Itfi&i sasag; M I LendHi AHan mz vmMf LIBERTY BOfeS e TheNationalCity Company ' IMmtl City Bank Blue., N. T. Cmsfonitnt Offices tn 14 Ctliri m.MplL-1421 Cbeitnnt Si. Telephone SiS Locust a-Wt-Sriorf Term Kottt-Acetptancn EVENING PtTfckIC LEDGER-PHILADELPHIA, SATURDAT. MAY 1918 NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES We Will r Remain Open io Receive Subscriptions to the Third .Liberty Loan 4V4 Bonds Saturday Night Until 11 o'clock Frazier &- Ga Investment Bankers W.HCor. Broad & Sansom Sts. LKOAT, AI1VKKTISK1IENTS fir ESTATE IIP J. CLirrOKD OAT. den.ni.eil m Lfftt-r. tnat-iH.... .... - - . ..- . . . .. ...lauicinan uii . Tnebove estate having- been granted i . THE PROVIDENT LIFE AND TBl'bT rOM- ' fKS -,f ""HUELPiHA. all person. , llllebled Io the iaM estate ure requested to ' make payment, and those having claims to present the same, without de lav . t the j,Wf,,5.''S d Company No. WO Chestnut i m,; Philadelphia, Ph. ASA R VVI.VO I President SPECIAL NOTim lMi Mav LM Into ttnai-ri nf m. ! the President announced the CT3S" UNION NATIONAL . HXf Philadelphia. Pa . At ft, meeting or the ia held this dav S?J"S of. our colleague. Aaron (.una. whin Hk" -.- sate vi a. pr HilD,lltllJUUUf ttu(lf1Iffl . .-WHEREAS, In the deall? of our ro-la- 1 borer this Board has lost a valuable milium- ' a earnest worker who by his fldelit" 1 courtesy and kindly Interest had endeared ir" to u therefore, p. It "ereu ABSOLVED. That we desire to express I aw Man appreciation of his merit and many service to the Hank. r . Tl we extend to his family our heart Hit sympathy In their bereavement and art-eat sorrow, and that a cony of this mm ot be engrossed and tendered to h family LOUIS N FPIELIlEIirjnrt. 1 Vlee President and Cashier nivnENi ntlt CENTRAL NATIONAL HANK OF PHILADELPHIA ' V "r . ... . . .... MaS' - 11. Taw director have this day declared a semiannual dividend of 10 per rent, tree of , esaa Tuayablej on demand. Checks will be WILLIAM T. CONHAD. Cashier. PlmCCTOHV OF ArrPUNTANTS . Certified Public Accountants IiAWRKNCE E BROWN ti CO Ills REAL ESTATE TRUST ULICJ TNTESTIOATE & ADJUST PARTNERSHIP. CORPORATION & DISPUTED ACCOUNT TARIFF URGED AS NEED I TO NATION AFTER WAR Cotton Men Hear Administra tion Attacked Secretary " Daniels Would Reply New York, May 4. m4nt expressions of opinions on ruational issues by- several of the agpakars turned the closing sessions of the convention of tho National Asso ciation of Cotton Manufacturers at the .BUtnore into political debates that hsyad many of the delegates to a high pHattt of excitement. Charles H. Sabln, president of the jHanty! Trust Company, who con fsjad to having been a theoretical free trader1 before the war. Introduced the political Issues by making an urgent slaat. for an adequate protective tariff in the Interest of our International trade ftfter the. war lie was followed by Benjamin F Harris, president of the Fbrat National Bank of Champalgne. !!L, who severely arraigned the National Administration's program and policies and Infcrentlally compared President U leadership to that of Kerensky Mia- r,Jarrla'a speech created great ex- t amopg- tne cotton manufactur Ucularly after It became known nttMt Secretary Daniels, who was asaaC Weaker at the banauet of the I sfcejon on Thursday nleht. had been pprad of the attack on the Adminls-' 'rattsatlthatMr Harris would make and h4 varsonally requested an opportunity . ytMr a It. As A CJImax to the convention, which has) fcen in progress three days, the lac, representing the entire In kstjnr, unanimously adopted resolutions prire-Dxing on a no-profit ba- ; the. Government consider such sweensary and also urging ration. mi also accepting control of the MfMotton products to neutrals so 0m,k certain that none reaches 1 wm countries wita wmch we are tT rtafjntji t1 (IMPORTANT INTERESTS FORGET I STOCK TRADING TO HELP DRIVE FOR FUNDS TO DEFEAT KAISER Wall Street Devotes Virtually All Attention to Third Liberty Loan Campaign Fractional Declines Fol low Opening Gains for Many Issues ' New Vnrlt, May 4. Htock trailing nt tho start was fiulct, uml tho absence of Important outildo Interests was the most prominent feature In rvldentc. This Is considered us natural In view of the general devotion of atten tion In tho Wall strict district to the closing day of tho Liberty Loan campaign. Price changes during the first fifteen minutes generally consisted of fractional derllncs. following moderate, opening gulns. Vnlted States Steel sold olt M to 97U; Ilaldwln, after a gain of 's to 79,, dropped to 7!i. and Itepubllc Iron nml Steel yielded to 83i. Willys-Overland was one of the strong features, advancing H to 1SSS. Improved Confidence in Wall Street Xews developments In Wall street I his week hae been of u more favorable character. Tho conclusion of tho third Liberty Loan cam paign tonight removes one very strong Influence of restraint upon busi ness In the general stock market. Largo subscriptions which have brought U.P tho total to a higher position than teemed to bo indicated about the middle of the campaign have been responsible for Improved confidence, whllo tho news from France may be said to have completed a not Incon siderable chain of sustaining features. It is true that war news during tho last few weeks on the surface failed to cause depression. But It has been equally Ineffective as an Influ ence of price changes now that the position on the battlefront seems to havo changed for tho better. This nil adds to previous testimony that transactions in stock exchange securities aro being confined In very largo measure to trading representing purchases and sales of tecurlftes con cerned in actual holdings. Short commitments on speculative account have been placed under the almost impossible handicap of the tax of U per 100 shares, which the Attorney General has ruled must be paid on secuiltles loaned for delivery on short commitments and on the loaned securities when returned, each side of the transaction being taxed at J2 per 100 shares Plans for Railroad Financing As to the railroad situation, further light upon tho plans of the Ad ministration for financing the maturities of securities of the largo sys terns has developed. These ale reassuring. The form of agreement be tween the Individual systems and the railroad administration at Wash ington has as yet not been completed. The chief point ut issue is con tained in the controversy as to whether the Government shall make monthly or quarterly payments to tho railroads. From the standpoint of a continuance of dividends this, however, is a feature that is of no great significance, since tho point feared by railroad stockholders was that tho Government might feel it necessary to await a full year's operation in order to havo the deficit or income established for a full year Instead of anticipating results on a monthly basis. Ob viously if the .early system were to bo enforced it would mean in n number of Instances that cash would not always bo available for tho pay ment of the usual dividends. This phase of the situation, however, ap pears to havo been eliminated by the plan of a comprehensive national finance scheme whereby, in effect, the receipts of the railroads are merely to be turned over to the Government, which lntum will remit either monthly or quarterly the net revenues to which the carriers are entitled on tho basis of their average yearly earnings for the fiscal yeais ending June 20, 1917, 1910 nnd 1915. In this plan the railroad administration undertakes to see that ex pendltures of all kinds are necessary and contain no waste. Uut the actual operation of the railroads, so far as btockholders aro concerned, under the new conditions is no concern of security holders. Success of Netv Loan IS'o Surprise The final success of the third war loan is no surprise in the financial district. It would havo been extremely bad management of tho campaign had there been huch a rush at the start of the drive of large subscrip tions, which would not unnaturally act as a promoter of overconfldenco on the part of tho smaller subscribers. The large volume of eleventh hour subscribers especially tho largo corporations and banks is well timed. That tho theory of holding back these enormous subscriptions was excellent is suggested by the remarkablo increase in tho number of separate subscriptions, which lndicato how widely the current loan is being placed. For the first, Liberty Loan at 3' per cent of $2,000,000,000 the number of separate subscriptions was slightly moro than 4,000.000. The second loan, on which J3,808,76G,150 was nllotted, showed an increase of more than 100 per cent In the number of separate bu.'js riptions, being sub stantially 9,fiOO,000. On the current loan, so far as latest reports indi cate, not far from 13,000,000 separate subscriptions have been filed, and tho final official returns are not unlikely to indicate an addition of some importance to this remarkable number. Of course, this does not mean that such an immense number of Indi viduals are participating In the current loan. It does not mean, for In stance, that one out of every eight men, women and children In the United States has bought ono or more bonds. The same person and the same institution have, in numerous instances, been Identified with two, three or more transactions. Nevertheless, the returns suggest thut the last loan has been very widely distributed and will be to that extent more thoroughly digested nnd be more secure from resale than any of Its predecessors. The continued strength In the 34 per cents remains a feature of the bond situation as u whole. Evidence of Confidence Prevailing As Indicating the substantial undertone and confidence prevailing in the general financial situation, the complete absence of liquidation of a serious character during the entire period of the war loan distribution is certainly noteworthy It is by no means an Inconsiderable task to collect something more than J3.000.000.000 (representing in large measure the savings of the people) without forcing numerous sales of stock ex chango secuiltles for the purpose of releasing the necessary funds. Yet tho average price level of usually active exchange securities Is only a small fraction below that prevailing a month ago. Thii,s far, of course, only the first B per cent of the total which has been required to accompany the subscription has been paid In. But even this means an actual passage of $150,000,000, even If tho loan Is not largely oversubscribed. Tho next Installment of 20 per cent will call for J600.000.000 on May 2S, and as much more 'as is required by the oversubscription 'which seems now so clearly in sight. There is no doubt that with tho May 28 payment there will be a customary desire to take up the bonds by paying in full, so that the money situation Is apt to reflect the accumulation of funds duting the month of May for that particular purpose. FEDERAL GOLD RESERVES A'chj York Stock Sales i "f'tWdJIIno . ?."" Juneau .. A''l-Chalm Mfc . . " 'Jfet Suiwr .. A"Can... f) Tar A Kilr". "." rtmCSfAr'dvpf Jm Motion Oil '""'ce.. . t Am Unw, .'.'."." 'm''comutli. . A'n-Malthtpf .. Am hnipit a n,.f. . . m-;"l',:tAHrfl)f AmhunutMTob .. Am. Mecl Foundries. AmMiMMief Am Tel A Til.. AmWoo'en Anamn da Copper Atch Top Asp f Atlantic (1 a Wl ., HaldlnI.o.-o . . H.illlmoriAOhlo . Ila't A Ohio rr Helh.SteiICI.mll . Helhssprpf .. HrooWvn It T Hurnsllrotho 1 .... Cal Petroleum Cal iviro'cum pf tanadlan Pacific .. ' en t Loath Co .. Crrro de Pavo 1; Chandler Molor Cries A Ohio . . ChiOtYvcitpf Chi Mil A st p . ChlANorthMcst . . Chi It 1 A Pac . C II I A P 7 p c pf . CIUAPCpcpf . Chile Copp'T ClnnoCoppr . Co'ora do Fuel A I Columbntias AUin. Consul Has Corn Prod Itcf . ... Corn Prod Itefpf .. I t ruclb'e Strel . . Cuba c.in sustr . I Dome Mines uiilllursheciriilji . Krle -I Krle 1st pf I (leneral Hlcctrlc . 1 General Motors. . .. (!t Northern pf I ntNorciotirop 1 Greene-Can Cop I Gulf Slates feted . I IllinoisCent I Inspfratlon Copper. . IntcrboroCon . .. I InlcrboroConpI Inter Mer Mar Inter Mcr Mar pr ... , Inter Nickel Inter Paper Ivan C. y South. Kcnnecott Copper. . LackSted Louis A Nash Mej.can Petrol . . . Miami Coppoi ; .Mldvale Steel . . , ' Mo Pacific . ' Nat Knam A S . 1 Nevada Con C New York Cent . I NY Nil AH . Oh.o Cities Oas . I Ontario Mlnlnj. . . 1 rvnnsUiania It It People's Ran Chi Pitts A Wesi Va 1 Pitts Coal I Pressed felcel Car. I Hay Con Copper .. I Heading .. Hcpnblroa As ... ISIow-MicffSA I ! Sinclair Oil Hef I Southern Pacific .. Southern Hy ... . MudebakerCo . .. Superior Steel . i enn Cop A C TexasCo Tobacco Products. Union Pacific Last close Vi Hi 28', . 7M 41 77' i 110H 301 f 27 :n ni'j 40' i . 78 w:h WP, 0P4 Hlsh Low 73 41 77'$ 73 It 771; HHO p.m. 73 44 MH 30H -Wl til til 0.1 (11 110' i 03 !K)'i 01 .10.VJ 10.".'$ lOJ'i mi's 02' i Ul'i 77' ( Wi 03 1U.V.' 04 ' f.'J'i Ol'i 7l)'s 70'( 7'J'i ,S'l OUi 81'S 11)7',' H)7' 1H7 10. '1 . 70'4 70'j 70'a 7'l'7 . r,)'i . fiT, . 7!'t .10(1 . 41) 3V 31' ( 30' 121 13 H KiS'j' 13'J't lO'i 4s'i . .Ill) . Coin Oj'J OMs w' . 32,'s SO . fiO'i oG!j oOV,' C0) . l!)!i . 3') 31 3SU ati 111 10 I2N 42' 42'j 42', .43'j- I.Tj 431, 43', 32'S 32', 32'4- 32'4 si;; .'is'f yy, 3S'j asjf 07?,' 0." G4'( (!!( 01', 2'l'j s fli'-,- r.i'i f.i m, 11', U'j 14", 11", 2'j IB 2s 2S ll.T, 110', SS'i 30 4 3Tj 3l)'i 3)'( 43' i IVi 13', 4T.' 107',' . !ii'; 52i 52' ,' C2'i C2'g New York Bond Sales 68000 Ann-French Da 90, Boon Am For See 5s 0' 2000 Armour C 4$s 84 BOOO Atchison gn 4s 81, 2000 Atch Aril 4Vj,s go 1090 At C 1. 1st 4k. 81, soon neth a r.s '30. 791 2000C A- O 44H 77 0000 C U & Q Jut Ih 93 U 12000C It & tj In 4s. 98 2000 lls See Cor Bs 8OI4 1000 Fr Itepuli B'As 96U 2000 Inter Agr us.. 71 2000 Knn C So Bs. . 77Ti 100K Luck St Bs '23 95 U loillill I. II. liuntl 3 s. ux.no 2.H00I .In 4s 110. UK 11(1110 ill. 1st 4s. . . 00.10 BOOO Mon Power Bs 89 7000 ,N Y C & II 4 94 5000 N Y C 4',s '03 9B4 1000 do 19C4 HO. 000 N Pae prior 4s 81,, High Low 11:40 a. m. 90U 96 U 84U 81 s 80 8li 79 77 93 ', 98 80 (J 9(1 U 71 77 95 'J II8.HX un.o' nn.tu 89 94 95T, 80S, Xl r.000 Pa gen vt jias gni sou lOOOStl. A- HF In s 4(i 40 KiOOStL Swn 1st 4s Gti'i, CO'-, ii'UU i-lll i-iic cv us. 1 1 71 mi'isth Hy gen 4s 02 ' G2U 1 000 Tex Co cv 6s. . 99 li'i 1000 U S Hub 5s.. 79'i 79'4 2o(io U S St S F 6s 98'a 98'. 2000 F K of I! H. & 1 0'4M 1931.. 93'i 90", 96J4 84 4 91H 80 81'i 93 H 98 86 4 96 71 77 ' 95 U 1IK.0II 0(1.01 till. 10 89 94 95 86J 81. S!)', 46 Gfj a 71 112 s 99 79'. Sales in Philadelphia 8 Lch Nav. (14 30 Perm ItH 4I,, 70 1'hlla Co cum pf 31 S3 Phlla Clec 2SJ. 120 1 II T I r S.l'ii USITn Tract III 'F (1 I . nfl 130 tJ H Slel :tk Low (II l .11 a3-i 4(1 (10 9JV4 11.10 A.M. (14 44' 111 M.H 40 00 Net chs;e 1'IVii X3000 Key Tel 1st 5h. no .130 Lib llonds .. ,3'.ir8... 98.10 30 do 4s... oo.KI 100 do 1ft 4s DO, II) S000 Phlla Co cons 6s 78 1000 I'n ItM-y Inv 5"s. 31 IKIMis Illtfh Low 11:40 A.M. NVt ch. 98.70 no 90.10 98.70 .30 no .sj 00.10 .10 93 U MU BANK CLEARINGS INCREASE fJain More Than Quarter Hillion Dol lars Compared Willi Lnt Week ill b.uik clearings In the principal ' ',rl'' 'r Gpf" 70 of the Fnlted Ktntt-M tot- the w.tK tutt & Sux pf 48 7114 18 1H 31 .11 1 s.. PHILADELPHIA INACTIVE STOCKS .Iblin'?R.are quotations for Inactive t'SSi, Jl,,,e'1 '" th" Philadelphia Stock '"''1 "pe and In which there were no m,. f c."on!' today Tho price given Is tho last previous do?e: .vc-me Te.t Co Tot c ties ended toda were 10.227,2(15.3 14, UKulnit ju.:n.3i 1,31111 lost week nnd JO, .150,030. 204 this week last ear ClenrliigH In Philadelphia were J310.537.7J1. a gain over the same week In last ;ipar of 7 3 per cent Details. mis 11.17 r r N York 2 818.1.11,017 13 1S7.4L'7 0(1111 fi Rl Acrno T 1st pf 93 A (.1 war. ... ia Alliance In,., jij ' Am Gas .... 76 ia Ainer Ice. . . . 19 Amer ltwv, , . 30 Amy Itv pref 75 Amer .Mill... ml Amer Stores.. 29 Amer Strs pf . n2 "rill J o 2311 Chlraco I'nu.i Itostou .. K. Citv St. Louis N Trail 11 Pittsburgh l)i trolt . Hitto N Urh .ins 11 4flll,87H,lill1 (l...;t7,71 a44.4H7.7J7 147. WIS, 4.13 110. 774. 13(1 S.1.M11. 1.12 IM.L'.VJ.r.S-J 50, 031. K's L8.0WI (17H B1.1SI.S7J Mtirr k- t .. r.o Cam Iron ... 40 54 Cotaws Ift f 6J ntai' -a "f r'4 Con Trno N J 66 cramp A- sons 78 Gen Asphalt 14; (Jen Asp pref 49 lit & II T ... 10 " ' T 8 1 I t & II T pf 17 Si-U-KoMiio I Keystone T . 8 14 T i 347:731 '-.in "' Tel pf . 60 lll M'l 4(MI-f. S 1 ii,:ui ri it 7 07 11' 4. 1'. 7 30 o ls.33j.ul.3-l- I S 3S.IHI7 KOI U .1 , 3LI.I7 JJl-t l.J J I Leh Nv rights iuii piid . Gsu Leh Nv 1 Ights first paid.. 17 54 Leh Vnl Tr.. 20 Leli Val Trpf 26 54 Leh Valley.. S9 54 L N Id rt pf . 43 I, N r w 1 . . 7 Little Schuyl. 48 Lit Drothers. 25 5 Norrlstown . .121 North Cent . . 73 North Penna. 80 Penn.v Salt . . 87 Phlla Co . . . 25 Phil 1 A- West 8 I'll & West pf 3t P Tract 66 P It T 2 Penn Trntllc. 2J H- Co Gen. 4 U G- I war... 27t4 If S Steel pf .109' Wet Coal . . 70 W J S-ashore 31 5i Warwk Iron. 3'i York Ry... 9 54 York Kuy pf. 31 110 115 110 rltlts. r .laj s l,j: Oihsr rlt., A das 7' 1,702,183 $1.701. 717.20.' 5.4 .1.I'IS,R73 07.14(.3.7824-ll S Total nil titles, .1 dal ... 15.227.201 1138 3.3'0.121,031 2 8 All cities, 1 day. . -'.199 941.20 !0!,gO!l,170 3.1 STOCK TRADING IS NEGLECTED ON PHILADELPHIA EXCHANGE, BUT THE UNDERTONE STRONG Philadelphia Markets PROVISION? 3'J . ai'i . S7 . 2S!f . 31 I.V4 . 32 fi2'i 112'i . IH'i . 27.' . 40lj at:; . .'2' ( . lii'f . 70's 2lj . 3s' j y.'j II . 1.-. . 2SI, oi'i . .'J' 4 . 2(t' SI) . SI'i no 27' i . S'J': . 21 . 30' . 4,1' 17' . 140 . 5.1 ll'.l'f 21' S7T 3')t lfl'i 32', S2t' iVl',' 28 10 20',' 52 0')'i 30 3b',' DM 13',' 24'3 S7 39." i 1.5'j 3J', k2H 'm 2S 10 20'i C2 '(33 'n 2-.',' 3S'i tir 13', Total nil cities fur k . .J6.227.20.1.3II 3.10 030.201 1.9 2l'j S7'i r '31' I 15' j 32' b2', MONKY-LENDING RATES PIIILADIII.I'IIIA Call 6 per rent; time. 0a4 ffj C per cent Commercial pa per threo to four months. 5?? 6 percent, six months, G per cent Pfmaii-l m.is onh lnoderac hut nlues Mere slenillh held Quotations lt lie, I In "ts smokeil nml alr-ilrleil 3".e western beef In sets, smokeil. ,T,r ,tv he. f. knurltles nnd . . ....... .....n-.. n.i., nii-iirvj, .,... niPi-nr ' iH'ef. knuckles anil tenders smoked silc. beef hinn, J41. iwrk famlh. I.12W33 hams. K. P cured, loose 2S'4 lifjn'ic. ham', skinned, loo.e. ZHIffWr hams, skinned, smoked. 3llff,1r, other hams, smoked city cured ns to brand and averapre. iV ra.loHc, hams, smoked western cured. 2043Oc bams, boiled bon-les" 43c. plcnl" shoulders. 1 .""TSl- ,00'" '-'-,Lac, rlcnk- shoulders smoked 214 c. bel!ls. In pickle, nccordinu to nerase loose 3Jc. breakfast bacon, ns Jo brand and aiernno. iltv cured. 40r break rast bacon western cured 40c. lard, west ern reflneri 7'i?l.. t.,.. n...A ... fltsttle rendered, 27027'ic Rapid Transit, Union Traction and United Gas Improve ment Advance Lukcns Steel to Retire Cumulative - Preferred Freight Traffic at Capacity Stock trading was nearly forgotten by the financial district today, while brokers, trndcrs and Hankers devoted virtually ull their time-to helping push, Philadelphia's Liberty Loan drive across for a substantial Increase oyer the amount allotcd to It. Only 11 few Issues appeared on tho tapo durlnr; the flint hour and tho total turnover was insignificant. The market opened steady, however, and there was an Indication of underlying strength, which wus generally attributed to the success pf the war loan nnd the belief which prevails In the Street that the Allies are ready to hold any future drives of the Huns. s Tho week closes with no appreciable change In the local money market Hates hold at G per cent and Institutions are confining their loans to cus tomers. Some bankers report n little let-up In the demand for funds, usual ut this time, ivhllo others say that customers havo cut down their legular line of credit with a view of obtaining accommodations next month to meet lax payments. " v Tho Lukcns Steel Company has given notice that there Is nvallablo In the sinking fund enough funds to retire nil tho 7 per cent cumulative first preferred stock, and that offers for the stock will be received up to May 20 at a price not to exceed $103 per share. Such stock may bo presented for redemption nt the Commercial Trust Company. Dividends will cease to accrue on June 5, 1918. Officials of railroads operating eastward from Chicago and St. Louis report that tho traffic situation has not changed materially during recent weeks. All roads are filled to capacity with both Government and domestic shipments, nnd until new equipment is seemed It Is difficult to sej or find it way to Increase the tonnage now carried by these roads. Operating conditions have eased matters materially In some sections, but I officials find that It Is an easy matter for congestion to take place, especially at the larger manufacturing points and principal gateways. Business condi- tions have Improved because of a seasonable demand for merchandise of I all kinds. Officials of southern roads report tdnnage ns ranging from 15 to IS per vein, auwu ui mat jcur, win Business good in the south. JulYC0TT0N DROPS TONE OF cWmSY TO NEW SEASON'S LOW' UNDER PIT PRESSURE 1 DtTIVPn ciin im.- U,U I Reserve Hanks' Discount Rales 1 Th. ,.rVsT ,,". ui.t b 2S I omelnl discount rates at tho twtlve basis of 7 43C for"e?r"enn'Eran'ufated0n 1(1 1 Federal Hepervo banks were as follows: . ,...., .,...,,, 2(i' f I (The first column glvea the rates for1 DAIRt PRODUCTS 52 I all periods up to and Including the fit- 1 litnnsR Surrlbs of line stock were o I teen-day maturity, the Eocond for a pe- small and (he market ruled firm with d ,-,,,- ricid or sixteen to ninety oays. une until '!,,, I nnd fourth 'columns give the rates for "' ucdlscounts of collateral loans secured " ! by Uovcinmeiit bonds or notes) 13',- mand equal to the offerlnes Quotations r ,J.nrK noie mllK lancv. I'njo spe ll1,s. h.!5,'r. -Ve, York, whole milk, fair to food 23 S 2,1i. .7) 21'i 7!P,- S2'j 21',' ;;r. 41'f fi'l 50 2I' 24'4' 70'i 7!)',' S'J'i 21',' ;g H',' United Cljar Stores . SS'f USIml Alcohol 12Hf USHubber SO',' U S Kutber 1st pf ..10.1 US Steel tr;'," USStcelpf. .. . Ill' j Utah Copper . . SI a-Ciro Chem . . 4.V4' Waba-hpfA 40 WestliiE I; .1 M . l(l4' Worth'uc.on Puma . 4s Wl'son . Co . 55'f Vil,js-0erljnd . . 17, 50 1 103i SO 121'j 121 0,1 ll'.l'i 8S S2!5 ai'i ;(! it', 55'i 110!! SS'4' 121 Poston . New York Philadelphia . . (iee!and Illrhmond ' Atlanta f'hlcaso St. I.ouls Minneapolis . . .. Kansas CUV. . . . Dallas ban l'runclsco.. Comi paper Gov't paper Id to i)D 10 to no . da dnva 15 ras da I la 4 I l' I 4 4 4 4 4'i 3' i 4 4'-J .Ti 4 4'4f 3 14 45i l5 4 4 4V4 3 t 4'4 5 31 4 A", X 4 4 i 4 4'4 3b POULTRY LIVE The market wan nuiet with nmnl. ,s ' "rferlnss at recentlv relsed rrlces Quoln- -,-j 1 ..... c "'-- iiiiiow-s- rowis softlJTc.J . -' A B in' riinweiRninff J, wz lbs i 4V, ..slljc, welchlns lOP, lbs nplPie 4 4 4 4 4 4 4 lbs aplice ikiiiiik lull - ion unpip z.-j'tv staacv lounj roosters, 'jintjco nid roosters 22 8 2.1?. ducks I'ekln 2S30, . .lucks Indian Hunner. 2U??27i. ireese 21f? -oc, Kuineas. jier pair. SI .10QI 11.1. pleeons, "". I'r pair, 1U'U 4J( lJir .3tg,juc f43c, pigeons, 3oung, per INACTIVE NEW YORK STOCKS Kollovvlns are uuotallons for Inactive New York stocks and In which there I were no transactions tcday The price I given Is the last previous sale J7J,' 97)4' 07'i SO'j I5'3 SO'j 45'3 IS', IS', SO' j I5'j IS' BUSINESS MAINTAINED ! IN GOOD WAR SPIRIT Activities of Central West Tend More Toward Gov ernment Operations AJax ftuhber. 54 a ,n A 1? Chem 77 Am Can pf . M'f Am nxpress 8"i Am Hide & L I3f Am H S. L Pf . M's Am Ice pref. . jR's Am Int Corp. r.2' m Ltns'd tit. . Am Ixico pf . 98 Am Malt . . . 7s Am Smelt B. 99. Am Tobacco 161 Am To pf new 98 Un T & Ca 5 Am Writ P Pf 23 Am Wool Pf . 9J'; Am Zinc & U Js V111 7. & L pf 47 AT & T 2 pf 93 Vj AOUVIPl 61 u Aso n 1st pf B2 Ml Coast L. 83T4 Tullman P cillo Paldw Loco pf ?7 id ng 1st pt 3S mrrett Co . ;$ BatopllAS Mln 1H Heth Steel . . 7s Tikln unCailM tlrovvn Shoe. 65 nutte cr l nutte & S Cop 20 Chi & Alton.. 7 CCS Pre'-; 8"!1 Phi &ritV,est f.J4 rhlM&St P Pf '1 N'at K & S Pf 09 14 Nat Lead. . 101 N y Air llrk.128 NY N II & H. 28U Nat It R of a Sfex 2d l)f... C',4 N'YCS St L 16 N' Y Out & W 19 Xorfolk & So. 21 i N'orf S. Vr st pf 7S N'ova Scot Stl 01 prth Amer. , 44 Ohio Fuel Sp. 41 U Ohio Gas rets 68 Owens Bottle 70 Pacific T & T ZOTi Pan-A I'm pf 90 & 1iro .iiaiq. . 191Z I Per. Tira- -. .. 3 Peoria & l';ast s Plerco Arrow 3711 V Arrow pf . . 67 ' fitts & West 27 .. Pitts Coal nf in P'lb Ser Cor.. 98 FRESH FRUITS The market ruled firm mi rhni,A aini. e 1 most descriptions, with demand eoual to the limited onerlns. Quotations Apples, per 2arff.,-Tw'r'"P. I4IT. Northern Spi. $ii ; Alheharl" Pippin 07 .10. Ilnldnln. inti 1. Home Heauty. f4W.1SO, Itusset. 14i(l. Oano. 3S4 7.1. Hen Davis. 4iJn Apples, western, per box .VVInesap. J-'(fl 3 ."(., spitz enburu, (1 .1003, nomo llenuty. JJWl'7.1 rearrnaln. 1 7.1-' S3. Xewtown l'ippln.' It r.off" r.o. tiano It 7.iml .hi im.. 1 neirby. p-r hamper. .10cff?l 30. do. .do. per I fs -bushel basket. S.1e12.1 lemons per box. tlit.i llananas. per bunch. 2in3 .10 Oranaes Florida, per box 4 7.1lTl8.'J.1 do. California per box, $4 .10 7 .10 Tancer Ines Florlaa. per strap, $37 (IrapefruTt, Florida rwr box. tJ .1110,1 Pineapples. rorto Itlco. per crate. J3 .Kiw.1 .10 Cocoa nuts, per bac 1H7 Strawberries. North Carolina, per quart. l.lfiiSlio i(in.llnir 7.1 nf it TtepIron&R pf os Ttoyal Dutch. 73 K Hy Stl Spg... f,3 IJy Stl Spg pf 97,'? Savnge Arms 65 U Savage Arms. 70a. Saxon Mot. .. ct? CIiIcbko. May 4. CCS pref.. 8(H g y f' K. . 10 During recent months many great and phiM&St P "f 7t "l'n,)d A l'- ' ?'4 ' significant announcements have been (MuettPdy Pl-12.. S... ''.V1- 134 cattlc- n,i ...... ... Vol & South. l'f S!"' """OK. 141U steadj war plans. It w.ould be dlfflcult to as- C & S 2d vf. 42V4 Si'aJ,,1u.f,k Ar. 16'4 sumo that anybody Is not familiar w'th Com Tab nee. i - : i'-- o LIVESTOCK QUOTATIONS fhlrncn, Mai 4 ltOHS Estimated re ceipts toda. 13 .Mill head, left over, 4"17 head Mondn 24 OHO head, next week. 141. Of.o head Mnrltet strons and mostlv ll.c aboo vesterd-n's nverace. Top K17.2.1, bulk. J17 :ilW17 7.1. llsht. S17 IOKM7 71. mixed tiniinsTIT 71), heavy. I III 11.151 17 .IIS; roueh ifln.1f 10 4.1. sorkers, 17 43ff 17 r.1. pies J13 .105 17 I'D. eood to choice, 1U OSCf 17 .10 CATTLI3 IXImsted receipts today, r.000 head. Mondn, is.noo hem!. Market steany. Pancy beees 10c to 1.1c higher than week nun with other cattle steadv. 2.1c lower thnn week nifo Ili-ee, $1017 011, cows and heifers in 735T14 stockers and feeders. IS 20U 12 .10 cales, fSfl4, poor to me dium I0 2.112S0 KIIEi:!' Kstlmated receipts today, 3000 head, Monda. 14.000 head. Limbs 40c to I 7.1c lower than week rro and sheep mostly i 20c to 3.1c below- week alfo Native. ST$ 7.1 .(illO.IO. western 113 .1OK10.7O, yearling, JURIS ,10 Lambs. )1.1.:.il? JO r.o : western, jia21. . South Oiiinlin. May 3 HOGS necelrts. iiiii.i nean .iiarKet strong. Receipts, 200 heart. Market Mli:KP Cars. 101 . i . .......,. "": 7 70 ntanu JIM,, no- i io neau Market stead what Is going on at this time, and also 9.ont, rat' Vl 17 4 t Mill pf ri, I Iioos Receipts, r.oo n as It refers to the general business of g" j1,1 ca M Ktudebaker' pf 90 ' "ni?CF,iline?..ts' ', I the United States. Therefore, under nil I Cpref ..... - "S .f1,'1"'' ' "Sr " P thrt rrknftlMna t. I.lnl. !... - ' Oil nf R9 Ti .UP Stl 1 St nf QQ Into conslderat:on In the war prrgram Cuba Cane Texas. Pi ?.!! It may be said that the business of this ' 0R,uf Hud mil Texas &r& l'4 country Is maintained In remarkably K' & Co pf 95 Third ,Avo. . . 1714 good spirit, though more and more It , iSet P-dlson. .125 Transue-Wms 40 ' tends toward government operations Del Lack&W 165 I?'!11! pf. 374 It Is ported out that tho nifit.M. ., I Den & It O pt .. ,i,..in.V.ltZ " 7 the, public is we., ev.denced in the ! c StrBat S f:ffi",VgK."?H f 2814 cnilrd Fruit .119 Kansas Cllv. Mav 4 CATTLE Receipts. 10O head Market steady. HOGS Receipts, r.oo head. Market steady 00 head Market curlty market. .... - I I FIB 11 1IL vviuie the demand for Bli s, s pref Substantial Cains Made for 'Week inrougu Dcmcnieni runu 1 The weekly statement of the Federal Ileserve Bank shows a substantial in crease In gold reserve, standing at f 151. 075,412 on May 3 as compared with 1141,497,110 on April 26. The gain was made exclusively through the gold settlement fund and so does not neces sarily represent net gains to the gold holdings of the Federal Reserve system. Total earning assets on May 3 were $68,555,259, against 167,846,077 on April OH Inrllnatlnw lha II KM Visits, or tin a Ha nt iasucli a policy of governmental the facilities of the Ileserve Bank by C be adopted the manufac- memoer institutes, reaerai jieserve ld tbemselyeg to demand no "?'?'" a5l"a' JF urn 01 capuai invested other .,i.,-t!i mi oss ' Anrit ?r, yi. necessary to pay taxes and withstanding the Inciease In notes, gold Bat amount of (Joternment , holdings with the Federal Ileserve be required. agent against notes declined from 182,- L. Keese, chemical dlrec- ' '!" on APr lo s-Ji. on u Pont company, brought (0 , K.', r,-,ft h.H ... mmhtnBrt ion a message Which de ' .t dennslt and Vdrnl llerv nolo absolute lndependenca 1 liability was 71.1 Der rent aealnst 9.3 per cent the week before. DIVIDENDS DECLARED CSif wiil fjatlroad Company, semiannual 2;..-n ?tr C.'S' on b0h P'erred stocks, rayabls May 18 as registered Slay 0. Hooks uo not nose. American Radiator Company, regular quarterly of 13 on common, payable June -' Jo stock of record June 20. and IV per ofnre?orXrMaT? p,,ill"e 1IaJr 13 to 'tock J. O White Company, quarterly of H4 r-. . ... v.. ui,i,nji . j. ioiir i.nB auarteriy of 1 per . White Management snare on (Corporation, quarterly of l 7.1 preferred All pro paj able Juno 1 to holder. In the dyeatuff Industry. FM-oblema have been solved, he tha du Pontg are at this mo. ' out synthetic Indigo of the tty on such a large scale that siirelal success of the tindertak- Mmurtd. The laboratory prob- Vay Dividend In Scrip .. Way -rTho Porto nican- b -inoacco vompany na n- tfivvauea dz 3 per cent, nai-ame ' . -. ir.. - -j-. ..- ssi xq BtucK 01 recorui iurx r."u, vajuNt lor tlia prevlriu ouar- fbr'nr ! m rerkp, TV-la 1 per J.----- , j"m 9, vr cent 10- j. Jl NEW YORK. COFFEE MARKET r York, May 4. The market for coffee futures opened ateady at 2-polnt advance. There were no transactions on ine can. August . . September October . . . November Dee-ember Today", opening g.'rJo 8.(3 Yesterday close 1.4008.41 8.4OH8.40 RB0O8.52 8 DlftB.MI s SHns.en 1. so ..iq saios a neerlnff CorDoration. cent on preferred. J rpor fen of record Mav 1.1 .'"'i"". Pofcufln" Mines. Ltd . Interim dividend of .1 per cent, payable June 15. Hooks close May 31 and reopen June HI. l-oumUilun iomnnny u dividend uf II a share on rommon nuvubla Tun. 1 .. i,ni4..u of record June 1, and regular quarterly of -' per' cent on preferred, payable May 13 to holders of record May 8. investments continues moderate for v.r!M-..t vma. 34 obvious reasons, the stock market has Gen Chem... 155 not only shown great steadiness under I en !Bar'' SiS conditions of a critic! character, hut P'SdSch h F 44 4 frcm time to time has advanced mate- Harlman Cp. 85 rla"'- Hav Elec 101 It Is announced that the time is grow-1 HomestakeM. -75 Ing near when virtually 90 ner n nf Int Agrlcul. . 15 tho steel production of this country will iSSftrv VJ.'lWtS go Into Oovernment consumption, that Iowa Cent... 2X only 10 per cent will be available for Jewel Tea ... 38V4 cr.mmerc al purposes. It Is needless then to say nnythlng further concerning the Iron and steel Industrv. ns virtually all the facts concerning the output of mills have been published. Leading reports of vnrlnu .! trunk lines show that shipping range, SJ Dept St. rrom 4 to 8 per cent under n year nsn. Max Motor... nue principally to the Inadequate faclll ties of tho railroads and to a more or less greater extent the absorption of such facilities for governmental Khtp ments. These reports Indicate a steady demand for a wide diversification of im-rcnanoise nnn mat the public had confidence In the ability of the country sound business conditions of the great crisis which to maintain I In the face CHICAC, """" central mantels ror the month nf .nrii K-an C So nf. 48 Kcok & D M. 4Vs Laclede Gas. 80 Lee rib fc Tre 18W Lehigh Valley 68a; Lorlllard 185 Hanhat i:iev. U4.. May Dept pf.l02J4 Din 25 Max M 1st nf 53 Max M 2d Pf. 20U Met Pet pf. . 93 Mich Cent... 119 Mont Power. 69 Mor & Essex. 39 Mo Kan & T. S'A Mo Pac pref 5I"., Mo Pac pf 62 I M & St Li new 8',; M StP & SSM 90 Nat Acme... 30 Nat Biscuit.. 97: Nat Bis nf..H0U Nat Clk & St 59 iqib Year Ended December 31 Operating- revenue. . $113,730, 202 Net revenue 2.. 143, 238 Urosi Income . ... 23.8I3.37U 1. 120.114 K.Sm.SD') 31B.433 NASHVILLE. CHATTANOOCJA AND ST. LOUIS March gross l.ni0.2lH 1441,030 Net oper. Income ., 402.744 140 Kin Three months' gross. 4.210,71.1 743,10.1 Net oper Income . KU0.131 40,301 Decrease. GOVERNMENT BONDS 2s. registered. 1030 2s, coupon. 11)30... ., 3s, registered 1818 8s, coupon. 1D1H 4s, registered 1023 4a. coupon, 192(1 la. reelafered ID, A B. 70 ft a 73' s. coupon. 1P4A . , 8 7fl,7S Panama 2s. registered. IMS. SilffK.lT, do 2s. registered, 1B3K. ., K24(8 20 do Js, registered, 1061 . .. BS333 do 3. coupon,.., w....,i Hid . . UT .. T7 . . 1)0 .. PI) ..101 ..101 . 80 . . M noti . oavl no .. 60 Ask 08 f)D 0(14. 105), exceeded the corresponding month in 1917 by a large percentage, notwith standing the facts that last year was a record year, and weather conditions dur ing April were Unfavorable for a sea sonable movement of retail stocks. The strength of supply anJ demand as fac tors In price maintenance waa forcibly demonstrated during April by -general firmness. Collections were comparative ly easy. NatC& SPf.llOW Nat C & C. . 17,4 Un Type pt. .101 un n & pn . 11a: Un B& PPf. jtj Vn Car St pf.102 Un Drug 771; Un Drg 1st pf 4 8 A Un Pap Brd.. 151? Un Alloy Stl. 38 ai Un Pacific pf 70 n Un rty ind.. 7a, Un 1 Ity Ind pf 151J U S C I P.'pe. 14 U S C I P pf 4t V, SI?.11 A1 Pf 9gW U S nity Imp ,.1?tpref 50 U S Sm & n. 37t4 US S&Itpf 46 uidn 7cu ior, va ir tj & tj. Vulcan Det.. Wahash . . . . Wabash pf B. Warren II It. War II n pf. Wells-Fargo . vvestingnouse prei 64 West Union.. 93 H VV Maryland.. 13'i W Md 2d pf. 29 Westing Mfg. 40V4 Wheel & I, 13 SU W & L, 1-3 pf. 17U Whits Mot... 43U Wilson Co pf 96 Wlllys-Ov pf. 80 Wis Cent.... 38H Wool worth ..115 PENNSYLVANIA'S DRAFT QUOTA 17,623 White Selects Will Be Dis tributcd Among Four Camps llnrrMiurc, May 4 The white men called for military service under the draft yesterday will go to four different camps, acordlng to State draft head quarters There will be 17,623 white men sent from this State, and they will be distributed ns follows' Camp Meade. 7700; Camp Lee, 4000; Camp Greenleaf, Fort Oglethorpe, Oa , 2323, and Camp Humphries, Acotlnk, Vn., 3000. The two latter camps are new for Pennsylvania ans. No orders on negro selects have been worked out. The quotas are now being made up. Market Lacks Snilicient Sup port to Hold Early Upturn. Selling Helped by Weather COTTON Iir.LT WKATHKIt CONDITIONS New ork. Slay 4. The follow Int tem peratures were recorded In the totton belt this morning! Meridian and Chattanooga. r.2t AM'ene. Oklahoma, Montgomrr!. nml lnnillle. Alt Little Hock. Na)ne. Aitgiistii, Thomas vllle and IV llmlngton, ,10 Atlanta, C harles-i ton nnd einvammh, rNi Hhrevrport, Pan Antonio, Memphis, Irkslturg nnd Jaek snnville, 00 I'ensarola nnd Tampa, flit ew Orleiini, (Ui C.alteston, 681 Corpus hrUtl, 70. There was 01 Inch of precipitation at San Antonlm .20 Inch nt ew Orleans, und .30 Inrli ut Abilene. N trv York, May 4. Week-end coveting gave a steady opening to the cotton market at 8 to 25 points advance this morning, but the market lacked tutflclent support to hold the upturn and at the end of tho first llfteen minutes It had dropped 40 points on old crops and about 30 points on new crops from opening levels, or 18 to 30 points under last night, making a new season's low on July. The selling was helped by favorable weather news and from local Wall street and Liverpool sources. The receipts at the ports for the day are estimated at 5000 bales, ngalnst 7285 bales a week ago and 8133 bales a year ago. Vesterdav's 10 30 11 11.30 close upen am am am .2.1 41 2.1 10 2.1 10 2.1.00 24 04 2.1 00 24 70 21 70 24 .10 .24.2.1 24 30 24 10 21 10 24.02 24 00 24 20 21 S3 23 S3 23.l!U Selling Is Not Large Market Influenced by Better Weather May . . . . Dtcember Colton Statistics posl- New- York, May 4 The statlsttca tlon of cotton Is as follows This week Last week Last year Total visible supply . . 4.300.081 4.378.002 4.412.740 Of which American. 3.013.CS1 3.OS0.O02 3.040,740 Tot'l 111 sight May 3 10.301.944 10,133.810 11.522,481 Financial Briefs Commercial failures this week In the United States are 197. ngalnst 206 last week. 195 the preceding week and 297 the corresponding week last? j ear. Fail ures In Canada number 15. against 19 last week, 11 tho preceding vieelf, and 25 last year. Thomns Oamon, Jr., assistant cashier of the Federal TleservcrvBank, left for Chicago last night to attend a confer ence of reserve bank officials to work out a revision of the time schedules for tue coueciionvor cnecus. The Philadelphia National Bank this morning gave the. final drive In the cam paign for the third Liberty Loan a sur prising nnd welcome boost by subscrlb-I-v-t an additional 35,000.000 for Itself and clients, bringing its total subscriptions up to Its quota of J15.000.000. The NeSv York Subtrcasury gained $799,000 from the banks yesterday. Gross earnings of $12,143,406 are re ported by twenty-three railroads for the third week In April. This compares with $10,505,525 the same week last ear, or a gain of $1,637,881. Two City Appointments City appointments today Include Charles A. Matthews; 5446, Angora Ter race, assistant engineer. Bureau of High ways, salary $2500. nnd Henry Green, 432 Kast Salmon street, oiler. Bureau of Water, $1000. on a in nr.t.T vtHATiir.n ronr.c.ST tlilrnro. Mav I. IllliioU, Missouri. Iowa, chr.ir.kn. Ktinoai. Minnesota und North und South Dakota Generally fair fonicht nml .Siindav Wisconsin Partli dnudy tonight nnd Sltnda-i, Montana nnil II) online Partly clouilv tonight and Sundaji prolubl) locul show ers. Clilrneo, May 1 Influenced by Improved weather con dition in the belt, pit traders put pres sure on the corn market this morning and the tone v. an easy The selling was not large, but the buying power was not strong. The receipts here today) were 132 cars. May opened i,c lower, at $1 27. July started at $1 49 to $1 IS-), against $1 4814 at the end yesterday, nnd after touching $1.48r moved up to $1 43U. then receded ic Oats also wero easier on scattered Felling by commission houses Support was, inadequate. Business was not large, transactions being mostly in small lots The receipts here r-wday were 162 cars The continent continues to absorb. May opened nt 78 c to 78c. against 7M9c at the end esterday and, after selling at 77r'c. rose to 78..e July was quoted at 69', to 9o at the outset 6D3sC at the close jesterday and, after tolling at 68Hc, advanced .c The receipts of wheat at'Mlnneapolls und Duluth today wero 147 cars against 335 cars last year; at Winnipeg 122 cars compared with C58 cars; at Chicago five cars against MMy-flve cars Shipments of wheat from Argentina are being maintained and tho movement to ports there contlnuees largo with ex porters active. 'PERSUADED' TO BUY BONDS Home. Defense Men Visit Alleged Pro Germans al Night Two families of alleged pro-German leanings and a Scotchman whoso views aro said to be decidedly nntl-Kngllsh now own bonds of th6 third Liberty Lean. The purchases were effected through the gentle art of persuasion practiced by tho Home Defense Reserves of the Twenty-eighth Ward. Included In their salesmanship tactics was a quiet but forceful method of having the alleged pro-Germans salute tho American nag. Time mattered not to the Home De fense men. made Indignant by persistent iclusals of the families to take a share In the Government bonds. The visits .ere made at night, rather late, and In two Instances the delinquents were forced to leave their beds to comply with the "requests." POSTOFFICE AT BOND GOAL Liberty Loan Sales Readi $1,500,000 Mark Sought by System John I' Lister, assistant postmaster, announced today that the Philadelphia Postolflce system has sold $1,500,000 worth of third Issue Liberty Bonds. This Is tho mark the postolflco TTyBlem hs-i bten endeavoring to reach. Mr. i'.ster also said that the post ollltes have sold $2,225,000 wor'h of war thrift savings stamps. He believes that the $3,000,000 mark Is being rap Idly upproached In tills branch of investment 67 w 2JH 61 73 Refined Sugar Unchanged Nevr York, May 4. Tteflned augara are In statua quo. with all locsl re. liners quoting 7 4(0 for fine granulated. The Warner Comnanv la .till mil nt ,h I market The Federal Company Is ac cepting a limited amount of business today -Quotations on Cuban raws hold at ( 005e, duty paid. LOAN HONOR FOR WORKERS 100 Per Cent Sales Made Among De Frain Employes e Four hundred employes of the DeFraln Sand Compan and the Halnesport Mining and Transpiration Company, Beach and Berks streets, celebrated a Liberty Loan success with a rally at noon today, having attalnd the 100 per cent honor this morning. Subscriptions amounting to $25,000 havo been ob tained, George D Van Sclver president of the De Fraln Company, delivered an ad dress and a delegation of League Island guards participate! In the celebration! 1 1 i ( PENNSYLVANIA FUEL. CO. ' Uniontown, Pa. ' . . offers to responsible firms requiring fuel supplies steadily, a limited tonnage of , COAL IN BOX CARS " This coal is a good solid steam coal. We are ahlppera of coal and coke In standard equipment, but at preaent have the - opportunity to place with customer! equipped to handle aamt, some extra coal in box cars. J """ Correspondence la solicited. U. S. Ful Administration License No. X 00071. J '. 'j J i 1 k - -4 PP SfevsA k&M WA'iM$fit -- "74," k- ,."" 1, .vatp, ?,. nJ&kliiu. isiisy AA .. Mrm:.?;--. . -.'.,.. . ' A .-, rGf. J V V.1VT 1" ' Y aM IT s aaaBBBsL ,. . -, k "j iiiiM' Jirii
Significant historical Pennsylvania newspapers