6ml H' ''-; . ijy,w mF-:.amm . r : :f;-t't) !S OF Tffi; FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES HMl,(WI 'Tun , --i fi '" W9nFs, tsw Povident a, aa4 Trent Ceapaay f riukdeishia Tm kA.' h$ ,. . . .1 &m it i air mat Sy? v our wife or family should Thave to shoulder ipjyour work when A'""..... lAnitA Hom? fj 1COVC "-'" '(-.tlTL. M 4 V. A DlAlf- Ident is your ex- mecutor, it shoul- fit ;,,aers your re sponsibilities; ca- ippably, perma- W, nently, econom f ically. IT. ... . and Chestnut Mreeti M W Own and Offer the ring Bonds Free of Petin- ESS svlvania State Tax EMch Valler B.H rnn.nl lUi. tv Irredeemable fcaaestoirn. Franklin & Clearfield in a,. June, iu9 Urn' c. r. it St. I.. fens. 4t4s. rU,Otl., 1940 'Iaw. Gen. Preliht Eiuln. 4V4s. f . April. 1031 SPHmgm. dm. Frelcht F.noln. 4(4s. I". April. 11(23 fen. Frelaht Eonlp. 4s, rvwMer. 1820 PMrarlklll Rltrr F.t Hid R. R. vfta . fit 4a. Junr. 1:.1 t'i' Jotr. 1021 pnton Kleetrle Cotnpnnr 1st Or. MPa. ft Mahonlnr Valley Rnr. 1st & - sur. on. mar. in.; Itt.. MeKeesnort & Connellstllle . lit L tons. 6s. Jan.. 1031 dcee to yield from 4.02 to .1.507. ilTheNationalCity 1 nmnnmr parreavosdcnf OBtcts In I J Cities tfefladelpaia 1421 Chestnut Si. Telephone .. i.ocusi els Short Term .Volei .4rreefonrei mm & MTANA -latest official statement of f blocked-out ore, with offi- ?1s r-imt Aitmatii of tha nrt profit value -whr ''the Government Is In- ffa Ikuut.J I.. tL a., t ! J u. grbtlnf buttt by this company's ,hes been occasioned. y:?--IUstory of the entire district nininr, caitit-raisina; mil at af fact af intue avail bt for ships and aeroplanes. phosphate depoalta, etc, ';ahar value Profreae to date eonnel statistical .Market at the stock AH of which help you gauge the market. Ejttajtp (nla ad or mention Bit-is r&DEERY Cans. Block Ft. f ft. V. fitleaer Bldr., Fkiladelpaia. P.. kt BclWal. 40801 Key.. Rare 1080 'is. a, iimrr a, nrnss n. p4;, rrwai wires. lb Investors m ar !rV is,- .'MirrAce Ia Pae MV.., wv , inclines toward in- investors who strength - ,;,jn their judgment -With reliable news jind information bout securities. I- YOU -can be one of the thou-J i of investors who. these reasons, are ng "CURB NEWS"- Jaaaa fnt tret upon nauest for TU-773. lr'A WES a BAKERI Stoat BaKKDta. 1 v PH1UDELPHIA WirwDoiUinaT naax&JVWUmlooS OVERSUBSCRIPTION TO THIRD LIBERTY LOAN BRINGS GAINS TO MANY STOCKS IN NEW YORK Market Reflects Changed Conditions by Advances to New High Records for the Year by Leading Issues. Marine Shares Soar RANGE? I'LES. from imall !' to the big fel ' Remarkably low Both Dbone. 'Wm.,Tliomfon wai- w " !' 41. STYLES, from imall xtiMaii aiaaa'i . nak. aier ti rjlowai Remarkably Jow , ' pnooa.; Botn ynonea. OilvGas ' fxCOTaW' .-r.i T-JTT '-mss k . -." 'yrftTrTv 1 1 j; ,a High Points in Today's Financial News Wall street ahnwctl renrwert (nlrrcil fit .ifocfc trntllnp ail thr Xew York market teas much higher, reflecting the ovcraubirrtptton o thr third JAIi ertu Loan, United Mates Ntecl common advanced to par, a new top price for this year, ttuslne.is tens an a large, scale, on the Curb, nHlh prices Strong, llratn was lower and cotton advanced, foreign crchannc. vas steady. The Philadelphia weekly hank statement showed pains In lomis, deposits and reserves, liar silver teas unchanged In AVn York and London. Now York Stock Sales Now York, May (!. There uas a general llftlns of values In all srfiirlty markets today lis a result of the satisfaction over the overnutixurlptlim to the third Lib erty Ioan, with tho ntnek market reconlliiK the result of the. chanced conditions with advances in many Issues to new hlch records for the year. Trading In United States Steel common was on a lat'Ke. scale, that htock maklnc a Bain of nearly 3 points to par, and other steel Indus trials followed, with advances rancltiK from 1 to - points, and Increased Interest shown In Bethlehem Steel "15," which advanced l'i to Rl'.i. Tlie Marine Issues made uood prosress to higher prices, Marine pre ferred advancing nearly 2 points to above S3, and Atlantic, litilf and West Indies rising 2 points to 103, Buying of tho leading Industrials, especially the dividend pers, came to a large extent from Institutions which had been out of the mar ket during the third Liberty Homl campaign, and the general assump tion was that there had been an accumulation nf funds which Is now urgently seeking employment, as the same conditions prevailed In such trading groups as the short-term note market, where the tono was also extremely strong. .Railroad Issues became prominent In tho last half of the day, with the heaviest trading In Heading, that stock moving up neatly 'J points, and gains of more than 1 point were made by St. Paul, Union I'.iclllc, Cana dian Pacific and Chesapeake and Ohio. Many specialties were In actlvo demand, with Distillers moving up mole than 2 points, crossing 53, and selling at the new high record of the year, with the buying of that stock based on an expected lncic.ise In the dividend distribution on Wednesday. There was a better tono to the market m railroad bonds, with many Issues, including Chesapeake and Ohio, l-'iies and New York Centrals making fractional gains, Trading continued on a largo scale In the Liberty linnds, with the JJsS ranging from 98.90 to 98.S1, and the Fecond 4s traded In at 90 to 9G.10. CURB TRADING ON LARGE SCALE WITH BIG SALES IN WAR STOCKS Allls-Clmlmers. 2D',i Am Beet Hugac 7H Aine Can ... 44,14 do prof .... 0(1 Am Cur & V, 1H Am Inl Corp. . IV Am Cotton oil an 9,1 Am Ice Hee .. -i1 do Sec. .... m Am Hide A t. I3 do prvf .... (Ili,4 Am Unseed . . 3.1!,. do uref 11 i 1 Am l.ocf n.Hi do pref Hli Am Mult pref I.VU 1 Am Smelting. . ini, 1 Am Sum Tob. .10M.4 'Am Sugar . .. .HO Am Tel & Ttd. !" Am Wool .... ,13i Am Writ P pf. 2214 I Am .In'- fc l.d I3V4 Annronda .... Rzn Atchison . .. S3 ',4 do nref . . . Hi All tlulf tt XV I.ln Hald Loco H K. I) do pref. . . . Heth Steel II. . do 8 p c pf. . Hum llros Ibittn C & Z.. tltitte S Cop SOU 15- .-,1 HPW. loin, 133 1! '.4 Aetna Explosives, on Transactions of 20,000 Shares, Touches Highest Price in Long Period Wright Martin Active Oils Firm with in a from New York, May fi. Business on the Curb was on a large scale from the beginning, with the heaviest transactions In the war stocks. More than .0,000 shares or Aetna Kxploslves were traded In, that stock moving up from 11 to 12U, the highest price touched long period. The prefeired, which was In brisk demand, advanced 60 to 64H. There was heavy trading also In Wright-Martin, which ranged, dur ing the greater part of the day, from 9'U to KHi. Curtlss wus another active feature, selling at 34V4 to H4?s. There was continued accumulation of Submarine, which ranged from 15i to 164. United States Steamship also maintained its strong tone, making ,1 further advance to 6U. Independent oils were generally tirm, with Midwest Helming selling at IOC to 107. Merritt sold at 1SH to 18S,, Wk Basin sold at R and Cosden at 6 and 7. Mining stocks were steady, with Hay Hercules prominei t with sales at 4'4 to 4?i. United Motors ranged from 23Vi to 23J. r"al Petroleum. I J do pref . . . tH r'anadlnn 1'ac III'! Ont Leather. . nn iVrro de Pasco 3J i f'hesa k Ohio. filV4 I 'hi u v pf. .. 'jni.K 1 1 'hi M & St P 10 1 do pref . . . 11 j I 'III & NV lili I Hil HUP .. Jn'i. In f, pr pf to .-.. do 7 pc pr tc illVi chile Copper , in Chlnn ('on Cop Vll'i I'ol Fuel & Iron 13 Col (las & lllec 32','i Consul (las . . . Iini Corn Products, so1 I do pref !T)4 i nil 'iini, m.- 1 . " Cuba Cane Sag 30i4 Del (c Hudson. KIA Iinnio Mines . . TU ntstll Secur . . M'i Krin !' do 1st pref . 2f,4 Caston Wins.. . 33'4 (!en Klec Co . II4U liienernl Motors llfi'i ;Jt Northern pf !'4 I lit No Ore subs 3I1 (reeiie.Cin Cop 43i lUiilf Stale Stl.KO'i Int Agricul pf. 41 I Inspiration (op ."I'i'i Inlerb-Cons ('. 1 1 ilo pref . . . . 30.. ! Int Mer Mar S4t 1 do pief .... Hlt'fc I Inter Paper. . I:1i lilt Nickel .. 2 mil , Kan city So. . ( Kennecott Cop. 32a, ! Lackat Steel. . S.'I'S. Lehigh Vnllej An May Pept Strs. !."U Miami Con Cop SKVt Jlldvale steel. . 1(1 Mo Pac 21 ',4 do pref ai"(i Nut Loam .t S .'.2 Ne:ida Con C. 2 N V Cent.... 1014 N V N II it II 30 Nor Pacific .. . SI1, (ililo (!as an4 Ontario Silver. US. Penna it It... It Pitts & West.. -!). Pitts Coal .13 Pr fUeel Car. . "', Pullman Pal C lllli I I!y SXcl Spring 3.".-i ! Hnv Con Cop . 2", I Heading HI 'Si llep lion tc Ml sis txm- is 4 (ins hi; B3,4 3714 21 U 414 134 no 33 1.1 nt4 01 Vi 43T 114 till inM's 11(14 r,2',4 2214 I3V4 (IPVi S3. Hi IIIH mi ri'4 .I 1!l' 10314 131 !Hi 111', 4 II II '4 110 r.n't 32 r,H 20 3H' Cles 20,i 1I H!i nniK, 13 S34 Net riot. 4 1 ! '.4 331,4 4 II 211 41 1,4 W 13 4 H (1IH 4 1 33 .-U 1..U IU 03 Vi I- 1i 11IT1 U 13T . New York Bond Sales High Low Close Ioa, H(l'S tMl- 93 8114 97, us, 9H4 73 sm; 931, 93 8Ua 97 . 911 73 SO 14 93 W r PVi 114 4- I '.4 V !2l,4 V 1314 ". 03 4 S3 1,4 '-4 I0.V4 101 lis :,3V l.VDUSTKIAI.l 111,1 12 :i 31.4 Aetna Mxp1o.ves . Am Brit Mfg Am Marconi Am writing Paper . 2 Air Reduction. ...... (is Canadian Car Co ... 23 Can Car & Kdy pref 111 Charcoal Jvon 1 14 (.nevroiei .Motors. ... 1 is ('rami 15 Curtlss Aeroplane..., 34 Vi Carwen Tool K Carbon Steel Ill Vmerson Phonograph 814 Federal Dye Hendee Mfg Ill Inter-Lubo 1 Kathod on Bronze nf . . Lake Torp Boat 34 lehlgli coal hales... 711 Lima Loco 41 Maxim Munitions ... ,' Marlln Arms in .V V Shipbuilding ... 30 Nor Amer Pan Pulp. . 3vi Otis Elevator 43 Peerless Motor 1:1 Poole Hag .10 Redden Truck . . Scrlpiis-Booth 13 S S Kresice w 1 80 Standard Motors .... 12 Steel Alloys I Submarine 1A St Joseph Lead 13 Todd Shipbuilding ... 18 Triangle Kllm a; united prollt Sharing 'K, I J S Steamship 6 United Motors 23t4 United Sugar 30 World's Kllm Wright-Martin Air .. 10 Zinc Concent 1 STANDARD OIL Illinois 1X3 10.1 Ohio 322 32X Prairie Pipe 23 21,'. Stand Oil California. 2 Id 22a St I rlns ,p.k (Mle) a 3 JV4 13 33 13 K 21 sn MM n ill 3 20 3 1 V S3 13 . 14 13 42 3(4 30 II 70 13 11 S3 I2ii 1 Iflli 13(4 82 Tl 0(4 28i 33 M lni(, 3 S. II!) 34(4 I.Mi;Pi;.MKT Oil, (STOCKS COST. 111,1 .18(5 . 10(1 111(4 2?4 3?4 43 37 3(4 10A S. fl .4 u 13(4 217 310 2(11 Stand Oil N J 34(1 345 Stand OH N V 284 268 IMIEFKNIIKN'T Oil, STOCKS Barnett Oil & Gas..., (4 (4 Cosden & Co (PV4 0 .. Klk Basin 3 (Hf, 11 Federal Oil 2i 2(4 2' Inter Petrol 13', 13(4 13 Houston Oil 41 44 42 Merritt oil ... , Mtdnest oil .... .Met Petrol Ohio Fuel Ok ahoiiui lief Hlce oil ... Sapulpa Hef .'..'.'' Seouovab Sinclair " united West oil. . . 31 1. VI NO Alaska Staod.iiil Atlanta Big Ledge '.',', Butten New Vork. . . . Calumet & Jerome.. . Con Arizona Ktnma Consolidated., First National (Joldileld Merger Ooldtleld Cons , Goldfield Florence . . , (ioldlleid Kewanas ., l.reen Monster ,.,., Hecla Mining , Howe Souml ...... Independence I.ead '. Jerome Verde Jim Butler Jumbo Kxtenslon . . McKlnley.parr.igh .. Magma Copper Mother Lodo .Mines Co of America Neada Hills Nevada Wonder .... Niplsslng Ohio Copper May Hercules San Toy Stewart Tonopah Intension. United Verde West rnd Con n niie-oaKS While Caps Yerlngton HON IS Bethlehem S3 oi(i, Cosden Oil 6s 13 Cosden & Co 6s 73 Ctldahy 5s 01 Russian Covt 5'Jb... 33 do 6(48 31 Southern Hallway 6s 08(4 Sinclair Oil 6s.,... ,. is Topp Shipbuilding 6s OK Jt. -Ins.. Ask (sale) IH'Ji 108 "i 17 (1(4 18(4 loj Sloss-S S & Sinclair O. . South Pacini South I! 11 do pref . Studeh.iker Sup Steel. . . Tenn C C. Tevas Co. . . Tob Products Union Pac . . United cigar (1014 281(, 83i '4 21-v, ! 3(1 I34 I1-). 111114 r.7 .'h 1 20 m S 8!l(i, J nd Alcoh. 12111 S Rubber. . . A1C, S Sm (s Hef. 10(4 Steel. do pref . . . . Utah Copper . . Va-Car Cheni. . Wabash pf A. , do pref II. . W Union Tel., West'hse MfK. . Worth P & M . do pref II. . Willys-Over . loo 110 81 (i 41di 41 22(4 ill 14 IPs 31(4 08 Vi 18(4 10 III inn 31 (I1 14 Kl 12 43 3U4 30 111 -i I 111(4 21151 103 in .vi n Uli 2H 33 143(4 111 8!l 30 l:U4 nn n it ' 3fl 2 I (. 81 30 21 IV 4 a-U'i 82U ."n 11 Hi 2K1.I 10 20V, 31 3!(, tn (lli'd 30 81 30 0 43 2R 32 311 1,4 1 1 I (i 33(i 80 sin .-.nvj 27 82(4 2 1 (4 30('4 30 13 1 1 (4 Il3i2 30 unn 88T 121 r.7 38 ni iiinaj 81 in 4oa; 22 114 10 18(4 01 14 18 8 100 80 32 31 81 ion 133 ii(4 19(4 11 1714 111 11 n .32 31(4 20 10 71 01 10 31" i 111 12 n 43 3214 lin-li 30 mil 31'l 2ll"i 103 1 33 11 29 (i 33(2 lit linn so (4 30 43 !i mm 11 4 (4 I 114 4 1 t 4 1 I 12 I 4 til a-, 4 1 4 4 1 ' f H I 114, 1 i! 1 1 s i r HI 500(1 An-French r,s 1000 Am Tel rlt Rs. 93 loon Armour C 4'4s 8IH 2?ononkln RT -s'I8 974 Coon Bordeaux (Is.. 88, 3000 Can at 5s '21. 91(2 innoc & o cv 4Hs. 73 4000 C ft o ennv Bs 80 12000C R& q Eeu 4n 31, jvuwu 1. .ai fc Ht i' rru I'js f,7'J fi'tj 7(i 2000 do cv His.. 74 ' 74 13 74 'i 200( C of Paris 6s. 8R(i, 85tj 851, 60(10 Pis S Cor 5s.. 86 SS-l, 86 11000 Fr Repuh r.(4 9Si 96(4 96(i 210011 Int JlerMar 6B 92 91 92 4000 Inter Agr 5s. 71 71 71 loiio K city ,sn f,s, 77-j 7774 777J, 1(100 LackSU 5sl923 95ij 95i2 953 3I8IKIII Ml, iiunds 3(4s. IIS. 11 1 118 81 08.no i.ilixind do 4s no. nn nn nn.nn 3(i(io do 1st 4 nn.lo nn.nn nn.nn (lonn Lyons (is S8, 88-V S8 2tnnn.Mldnln 5s.... 85, 85- S5H 38000 Mo Pac gn Is 58 14 58 , 58(4 lono Montana 1'wBs 83 89 8:1 2onn N V C &'U 6s 91 93 91 1000 N V C 4s 1959 87", 87. 87?. 10OON V N H&Hfis 85 85 85 innii NV Itivy ndjiis 18(4 18'i 18(4 I unn Pa en l'4a... 97 (i 97 ', 97 1(10(1 do 114s 1921 !i(I"i 96. 96 "4 PlOllSt 1, f M&S4S 79 79 79 HionSo Pac cv Is. 771J 77U 77'4 Soilll do cv 5s .... 92 92 92 5000 So Rwy 7s... 87 " 87' 87 I0IKI do ion 6s... 92 92 92 Soon U S Rubber 5s 79 '4 79'i 79',i 4I00UU K of II U & '' I 5s 99 7, fins: 993; 7000 (In R'j.s 1919 911 Ts 96'', in;; ."3I1U0 do 5'6s new '19 99 99 99 .1000 do f!is 1921 93", fl S ' 93"i 1000 Va Rwys5s... 90 o 90 10(10 W N V & p.t 1st 5s fid 96 96 lono W Union ls. 85 85 55 Sales in Philadelphia , . Hluh I-oiY Am lias, ,. .. 8 c Tr N J b nn nnKlee sig. 4n4 49(4 1 Ins C N A 2n 2n . sin i.k su cp 1314 is 13 Leh Nav. flITi. 44 n irfh Vni. r.n(i snn inMldvale.. 40(4 4(1(4 lno Nev Cons 20 20 3SPenn R R 44 43 4 Pa Salt.. 81 81 n Phlla Co 20 20 documpf . 200 Phlla Kle 23(4 23 . 13 P R T t c. 23 23 ' II Phlla Tr ni ni 2(1 Read . . 81 81 inn Ton Bel . 3(4 an 20 Ton Mln. 3 :t 211 Union Trc II 40(4 it 11 (t imp. no(l H6( Un Co NJ . 2niS U S Sll. inn ns 23 do pf. . . .nn no 2n War I &'S 8(i 8( 3 Vork R pf 31 31 Tetnl sole., 3118 shores, 928 slurrs nn Nitunlii.t. Nt rhue, CI nss t1 nn 4i(4 26 13(4 fll 311(4 10(4 20 41 81 20 t3l 2,-.(4 23 61 81 3(4 :i 11 non tl81(4 inn 110 8(4 31 (omii.trpil iltli 1 H (A 3" I (4 Tiilnl snlrs, S3. 1(1.-, OOO. 5J,S9I,000 en aluriliii. rompared ullli 4 M(i t r 1 n I. . in RENEWED COVERING STRENGTHENS COTTON 1 i ! Business Only Moderately Active--Close Is Firm. Willi Fnir Gains IIIIMIs NVt ... HlRti Low Clos" clme 2000 Am (Jas & Ulec 5s 80 80 80 f I 1000 Leh Val gen Is 88(4 88(4 88(0 . . 1300 Lib Bonds 3'4s... 08.80 08.10 98.10 .. 4200 do la... IH1.III 116 nn 030 do 1st ts III! Il3.no 113.00 .10 800(1 Phils Klec , 1st 5s. 03 94(4 03 4-1 1000 Un Buy t c 4s. 03(i n.in 03(4 (4 13000 Un Rwy IllV 5s 38 53 68 4 4 1000 Yolk Huy 1st 6s. 8! 89 8n . , Tot.il sales, 862 !3o on Siitnrtl.il. ,050. mnp.im! llllh S22, Local Bid and Asked .in nrn. 30 Vl 24 883i 101, 28 151 1 32(4 83'' 59 9". 28V, in 2 1 (4 51 .".2 10', 70(4 30 '. 8 Hi an ((, n 41 201', 52 .-.n 1 1 1 (4 33(4 23 811', 8-, 011 21 83 414 30(4 36 45 .111. I4IU4 51 I2n 80'f, 12414 in 14 ma 110 si n 11 41 22 (4 !(, IKf, 511.4 mi, 18 -I "J. i I- 1(4 I -t I 4 i i n" ,mr Stores "rill. J (1 ... HutT A Su.,j I r In rrc-f ... Ilnlilnln . Blee Hlorase .. Uonral Avpd. un nrpr . . . Kfv.stonu Trl ,!n t c . . . I.nke upprlor t I I.'-IiIbIi Nailgaticn l..'hlah Valley ... . I,, hint. Valley Tr. . 1 1, iln Prof I IVnns.iliaiila Phlla, Klclrlr I Phlla (' I do .1 . c t'f . ,ln ll p r t,f . . 1 PI1II.1 II T t c 1 lleadlnif , 1 Tolioprfh Petinnnl . . Tnnnp.ih Mlnlnc; I I'lilmi Trar P (I I . r s steel Vnrlt Ituy . I .in Pief I 1" Cramp &. Sons Tn,l.iy IIIU Ask 111 votf. .,'1 I.". Ill s'a 02 17 7!i'. 111 II 4S 4!l ,lll, 4lll, 15 f,o S'i 41a f I 4 I , 1 I 4 I niTTiiN iu:i,t i:tiif.k cn.SDiTinvs Nen Vork, Mill- 0. The fnllnnlnc lem .er.iinres ere rrriinlnl In Ihe rntton hell IliN innrnlnct , Kno4llle unit .Menmhls. ,",2 Marnn. 58 1 hallannnca, nil: Ancmt.i ll'i Mirrieonrl, l."n,.V"l"'I, Allnlilii 11ml .l.ieksnnillle, J.1 .,.,"rt ."d'.1'-. '"He I'ork, Vtrkshnrc, 3lrl.llnn, .Si.lnllle. Charleslnn unci Hl. I'lliulnn, ndi Ahllene, llklahnina an, I InniiM. (,81 San Antnnln. Neu Orleans, l'en:irnl,i, (i.il.e.tnn 10. TI"T1' .'.'." i :!- Il"'1 "f nrerlpllallnn at rt Smith. .It al (.ahpslnn, .28 at San In".'"."1"' "'m ' '"' Orleans ami 3.80 at Il'rllil lltrillil . .Ne ,,.rk. May 6 M'11"' MKI.PIIIA INACTIVE STOCKS The eotlnn market was st'ionger to-' 1'ollowlng are .mutations for Inncthe day. although at nne lime, ea.lv 1,, Hie stocks listed hi the Philadelphia Slink .., 1. ...11 1 . ..' ... 1 i.xciiange aim in mum tnero were no I transactions today. The price given is 50 " Mi . . 15', 13's 13 I.Vi III1, II.-, ..It I'.l'j 5s r.iiij .-.s's mi 17 Pt 17 111 an .a-, an 37 11 4 P. i:p, 11 SI' r? :? "::' J.1 2 'J." 2S 3 a 1 an :n 251, L.,i .,-,., ..,-,., "IS SI'. 10 Sill, .'P. 34 a', as '.'U a '-'iii a I'i'i ll'j 4i II I!'!', IllP, .III II1P4 il'.', lno li-- P7'' 71, 111, 71, !(, ai aj .'in', an, 7." ill 77 Ml 4- 4- 14 n 4 (4 f 11, 4 in 4 4 (4 4 I (4 ' 1(4 i K4 ' 4- (4 I 4 , -1 I (4 I 4 214 14 4 4 4-1 4 (4 - (4 4- 4 3(4 8 II STOCKS . "" "" I 8 1 . ;i, '4 1 14 I la 1 3 (4 111 A 4(4 3 I 7 II 38 31(4 31 K4 A I 8 a 1 u 3-32 1 38 18 Tnlal wiles. ,, I5II.2IKI shares Ifx illMnil- 17,000 sh ires, nn Miiiirii.i.. . -I" S siu-el pref rnnipareit 11III1 1. (4 2 4 13 n Bi la 4 3 1i in 12 42 36 32 in m 1 8 I) 1(4 13 1-32 K4 in 81 3 l'i 8 08 8J 82 ni 38 42 n 80 0U 1 lit "iv a in 5 V. fi 4 1 u 1 12 7-32 Ml 80 INACTIVE NEW YORK STOCKS Following are quotations for Inaet.ve New York stocks and In which there wec no transactions today. The price given Is the last previous sale: AJax Rubber. 54 N V Air Ilk.. 128 Alaska Old M. 1 Nat R R of Me.x 2d nf. 6 N V C & St L 16 N V Out & XV 19 Norfolk & So. 21: .81- Nor & West pf 79 fvova cot Ktl 61 North Amer, . 44 Ohio Fuel Sp. 41 Ohio fias rets 68 Ouens Bottle. 70 Pacific T k T 20Ti Pan-A I'm pf 90 "i Pere Mari. , . 19 Pern Maru pf 66 Pen (las & C 45 Peoria & Bast 5 Pierce Arrow 37 ai P Arrow pf . . 67 Pitts Coal pf. 80 run sier cor. 93 35 38(4 LOCAL LOANS INCREASE Bank and Individual Deposits Also Larger Than Last 'Week The average condition of members of the Philadelphia Clearing House Asso ciation for the week preceding- today la shown In the weekly statement, with comparisons, as follows: ALL ilKJIBF.nS May fl18 Inereaae Idana ....fain.83H.oon J3.018.oimi Excnia. Clear. Hie. 23,189,000 4,680,000 Due from banks... 136.38.1.000 8.15.nCKI Bank depolltl .... 187.214.000 866.009 individual deposits, 467.8118,000 4,1180,000 Tlma deposits .... 4.333.000 '35,000 Reserve with P. R. . ,. B.iand leas I depa. 52.nS7.noo 1.450,000 Caah in vault 1T.682.00O 206.000 Total reaarv held.. 34.840.000 1. 470.000 Reaarve, required ., .07.on 78.000 Excess rcaanre .... 8.764.0O0 2.208,000 MEMBERS RESERVE STSTEM Resarvaibald l4S.42T.n6o 11.437.000 Excess rsaervs)..,. 4.172.000 2.181.000 TRUST COMPANIES NOT MEMBERS RE8ERVK 8TSTEM Ressrvt bsld ...i. 16.413.000 183,000 (txeeaa rtaerr .... 1.512.000 24.000 la aMItlnn (o tk depoalts abora there war Usla weak 141.131.000 Oovernment da. BMlts, anat which no reaarve la required. t V." .- $ J0'' .Wttiaaiit FtVa. Extra' FOREIGN EXCHANGE New Vork. May 6, The foreign ex change market dlsplajed steadiness In the early dealings totlay on a very mod erate volume of business. There was nothing of special Interest otherwise., 43uotatlons were: Demand sterling 4.75,, cables 4.76ft, sixty-day bills nominally 4,73, ninety day bills 4.71. Parla cables C.69T4. checks 5.71(4. Lire cables 8.95. checks 8.96. Swiss cables 4.17(4, checks 4.22. Guilder cables 48, checks 48. Pesetas cables 27. checks 27(4. Stockholm cables 334, checks 33U. Chrlatlanla cables JlU, checks 31. Copenhagen cables 1 Si H, checks 307. Ruble notes 14014(4. BANK CLEARINGS Bank clearing, today compared with cor reapondtnv day la,t two yearat 1H18 1911 IBIS Phllada. $64. 882.170 t36.A18.43g t32.838.303 Boston.. 39. 058. 222 2(1.H0.U3 24 O0S 875 N. V. ,.,43717.08 404.16a.S04 280.R,70 Balto. ., 0.573.384 6.033,478 3777.04H Chlcaso.. HI. 415,833 7a.02fl.175 2.609':5 St. Lout, 31,870.332 24.276.108 18,992.831 Mastca .llin. . . 1 a4 Am C & V pf.H0(S Am Ag Chem. 77 Am Kxnress,. 78(, Am Mult... Am Smelt B. 99 Am Smelt pf.105 Am Sll Fndy, 63 Am Tobacco. .164 Am To pt new 9R Am T &- Ca.. 55 Am Wool pf.. 9!11, Am '. & L Pf. 47 A T & T 2 pf 92 '4 A O & W I Pf 61 U Asso C, 1st pf 52 Asso o:i .... 51 All Coast L.. 85H Haldw Locopf 97 Vlnrrl Co. . . 92 BaK.pllas Mln 1 Reading 1st pf 35 Hetn r.ieei !' iie.icimg .'il pr 37 Bkln Un Oas.105 Repiron&S pf 98 HrooK 11 ;i... .j" Royal nutrh. 73H Hrowil ,-nu. .'j y M f,pK pr 9734 Chi & Alton.. 7 Savage Arms 65 C C S pref. . 801, saxnn Motor. 6(i Chandler Mot 80 st i( & s p,, ift Chi &C,t West 6(4 st L & S W.. 28 Cluettl'dy 1'f.lJJ,, Seabd A I... 7 Col & South. 18 Spal, A , pf. 154 C & S 1st pf. 4,- .ears Roebk.141 c & S 7dr,pf' ol - s'arB nl'k Pf.HS Com Tab Rec. .7 s,attuck Ar. 16(4 emit Can.... 70 f;tand Mm.,, 9B Con In (a M 17(4 Rt M, ,,,. 86,. Ctn In Cal M studebaker pf 90 1,reL.Vr Jar s',"!! Motor.. 46(5 Sruo xJ!-'i In' Sup Stl 1st Pf 96 Cuba C Su Pf 80 st ,,or nlcoa-no RTr,',-Hi,nP I", Texas Co rets 19(4 Reil I'd'ifS w' 165 T'xa8 & Pac- 18 Pel Lack&Vv..l65 rMra Av, liy P.Tn n ll.r1 .5., Transue-Wms 4(1 U'e,a ?ir ,,e u "SK Tob Prod pf. 37( ,.i in - -. - - r: " :- oo.. l.en i; Bar... o;-, ,, Tvna nf..l04 lien 1,'igar in jv ,, n -v. .-,- ..; oH,vh n v. 44 Hn " '". r v.w.... . --- - - - - . ,M ,, , aiirriinon II was Inclined to sac. Re. ports by way .,f The Hague about Her man peaeo pmposals were not con tinued. Ciup news vas favorable, I,. lie was heard ultli regard to the spot situation. Mall advices flom the eastern belt said that spinners were holding off for a further decline. A dispatch from Texas said that lieny tains In Ihe western part of that Stale bad been bruellelal. Healings eie not latge to day. The mniket turned firmer again in the late afternoon on n renewal of cov ering, demand from spot firms and sup port from several Wall street bouses. Business was only moderately actho on tlin advances. The close was linn at a net gain of 37 to 58 points. Tho action of the market during the morning reflected the stronger technical position after the hie hrealc of last week. There seemed to be few, if any, around the ring who were Inclined to take the reneway nf peace talk seriously, but the bare possibility that Internal conditions In (ierm.iny and Austil.i may be worse than suggested by lecent military events served to check selling. The ndvance was the result of cover ing and carried prices up pretty sharply, with July selling at 25.60c. or 62 points net higher around 11 o'clock. Tho receipts at the ports for the day are estimated at 10,000 bales, against 87H hales a week ago, 7316 hales a ear ago and I9.S91 bales two jears ago. Satunl.is"s t lose Open inch ,ow 'n.e Mv 21 IK 5 2, 25.IHI 25 15 25 511 lull- . 21.05 25 10 25 511 21 70 25 3n (ii loiter . 21 35 21 511 21 S2 21 U'l "I 70 I H-inlier 21 ml 21 25 21 On 21 21 21 57 Cotton Iluvers and Sellers New York, May 6 July Ilrnoks, .Schlll, Sellar, McFadden and Caidnza hlil : neran. Roi-eiiberg, (leer, Martin, Caidoz.i and Freeman offered. August Hartcorn bid. Mltclw.ll env,.-- ed. October Hagedorn, rjiimnens-, Brooks, Mitchell, Hubbard and Alltchell bid Rosenberg, Hyman, Hartcorn, Wilson Henty, Peera, Newman and Jay offered December Hicks and Crunthai bid: Hubbard and Rosenbetg offered. January Rosenberg bid, Wenman of fered. . the last pieilous close Acme Tea Co. 51 Leli Nv rights 9.1 Hi 19 19 'Refined Sugar Unchanged New Ye'rk. May S. Refined auaara re unchanged, with all local interests Anne T 1st pf A i, war .... Alliance Ins. . Amer lco .... Amer Rwy. . Am liy pref. i Amer Mill... Amer Stoics . Atuer Strs pf. Brill J i! Brill J (i pr . Huff Sus pf 4S IllllI r Si t c. 59 Cam Iron ... 10' Cam Steel... .127 C.itaws 1st pf 52 Cat.nvs 2d pf 51 Cramp & Sons 78 (.en Asphalt.. Hen Asp pi if tit & n T ... lit & B T pr. Keystone T. Key Tel pref. 59 (4 17(4 10 29 23 1J 70 49 10 17 R'.4 50 261., 59(1 13 full t.ald. . Leh Nv rights tlrst paid . . Lh j Val Tr. . Leh Val Tr pf Leh Valley.. . L N 2d rt pf. i. ,n wr w i. . 7 Little Schuyl. 48 Lit Blethers.. 25 (, Mlnehlll 50 Norristown ..121 North Cent . . 73 North Penna. 80 Phlla & West 8 J'h & West pt 34 P II T 26 Penn Tralllc. . 21, Rwy Co (len. 4 I J li I war.. 27 ',i West Coal . . 70 W J Seashore 341,4 York Rwy ... 9 (4 Vork Rwy pf. 31 STOCK PRICES ARE GENERALLY TO HIGHER LEVELS IN LOCAL TRADING, WITH STEEL LEADING Business Not Large, but Feeling Is Optimistic "With Over- subscription of Third Liberty Loan Campaign, . and Market Improvement Is Expected ' The Philadelphia stock market displayed good strength today, and, ! though few Issues showed much activity, there was a broader tendency, than recently, and evidence of general Improvement ns a result of tho oversub scilptlini of the third Liberty Loan. This condition was about what had been expected with the close nf the campaign for tho sales of the new war bonds, which had occupied virtually all the time of tho financial district for the last two weeks, and, while the success of the new loan drive had been discounted for home time, the line showing In tho final "push" Saturday brought Increased optimism tn the Street, and brokers and traders are antlcl atlntr mine n'lvt' hnsine-is nn the exchange during this week. an, , am i urn ,, -saaaar; -nasaae- was by far the most active Issue dealt In, sind It sliimeJ the same upward tendency here as In New York, advancing leaily :; points to par, a new high record price for this year, with Bales totaling more than 1500 by mldafternoon, and the demand continuing good tip to that lime. Lake Superior Corporation opened higher nnd held strong throughout tht, session, advancing (4 to 15(4; Klectrlc Storage Battery was unchanged and .both Philadelphia Traction and Union Traction advanced 1 point, whits Transit certificates, which did little, were fractionally lower. Tonopah Mining, Tonopah Belmont, Pennsylvania Salt and Insurance Company of North America were unchanged. On a small turnover United Gas Improvement declined a trltle, and Philadelphia Klectrlc yielded a fraction after being unchanged. Heading gained more than a point, Pennsylvania Railroad was higher early, but lost the gain, and Lehigh Valley changed hands at Saturday's closing prtce., Warwick Iron nnd Vork Hallways preferred were also dealt In sparingly without losses or gains in their quotations. United Hallway Investment Cs showed more activity than they have for a. long time, nnd, after opening nt 55, advanced to 58, up 4 per cent, with sales totaling $13,000, Tho Liberty Loan 3js were unchanged and the second 4s and convertible Is were higher, but none of the Government's war bonds showed much nctlvlty. il. G. I. Directors Re-elected Stockholders of tho United (Jas Improvement Company today nt the annual meeting In the U. G. I. Building. Broad nnd Arch streets, reelected Samuel T. Bodlne president for tile ensuing year, and the following board of directors: Randal Morgan, AVIlllam Wood, Morris !.. Clothier, Kfllngham B. Morris, Thomas J. Dolan and Kdward T. Ktotesbury. These officials received 778,023 votes out of 1,220,596 shares outstanding. President Bodlne presented his annual report, which was made public some time ago, and It was approved and the stockholders voted unanimously, thanking Mr. Bodine, tho directors and employes for tho manner In which tho company's arfulrs had been conducted during the last fiscal year. The various actions of the board of directors, Including financing plans and other Important matters, were also approved. C Stuart Patterson was chairman of the meeting. The board organized following the stockholders' meeting by choosing tho following officers: Vice president and general counsel, Randal Morgan; sec ond vim president. Walton Clark; third vice president. Lewis Llllle; fourth vice president. W. V. Do.ithert; fifth vico president, Paul Thompson; secre tary, (I. XV. Ctirran; assistant secretary and treasurer, I. XV. Morris; assistant treasurer, K. MacMorrls. a 'Sealed proposals will be received until 3 p. 111. June 6 by the Commercial Trust Company, trustee, for Philadelphia Company consolidated mortcace .,,.,. u..,v.... .. .... .. ,.s. .r.,s vVs-a. um iiouus (laieu .November 1, 1901, and stamped under sinking fund contract of Juno 10, 1917. Lowest bids at -i price not exceeding 102(4 per cent of the par value and accrued Interest for as many bonds ns ?276,0S0 will purchase, for the sinking fund, will be accepted. SAY, FUNDS GHOW Depo-ilors iNumlier Nearly 3,000,000 in State -Assets Are $1,700,000,000 llarrlslinrc. Pa, May 6. According lo figures Issued by State Banking Com missioner Daniel !". Lafean today, total deposits on April 15 in saving funds of 529 Institutions, over which the Slate Department nf Hanking lias supervision, amounted to $1,308,093,207.54. 11 gain of J38.00u.000 since March of 1917. The total number of depositors Is given as 2.900,000 and the total assets of the banking institutions as $1,700, 000.000. Of the savings deposits. $560, 873.131.86 are In trust companies, stale banks and savings Institutions on April 15. against $537,438,879.40 on Decem ber II. 1917. and $522,663,535.57 on March 22. 1917. The summary on assets shows the difference between the years 1918 and 917: April 15 MarVh 22 Cla.s 10IS 1017 t,i,. f.17. 71.-. -s.i i-',n.Nin T.7J Trust companies 1,148.333,532 1,078,810,192 Savings institu lions .nu.n.iu.i'i. -i,avtu LOCAL MINING STOCKS TONOrAII STOCKS! Jim Puller .. Mar.Natnara Mliluav Mlzpah Kxl . Montans .... North Star .. Hestuo Kula. Weft Bnd . . . nii .'is .12 .nil .on .11 (lOI.DFIKI.D STOCKS Atlanta ; on Plus Hull 02 I moth 01 llainondflel,! II II Ill Daisy 1 Kewanas 01 Oro 01 Sandstorm Kendall ol Silver Pick 04 51isci:i.i,ani:ous Arlsona tlnlted 2" N'ev.td.1 Wonder I Tecopa Mln 22 Ask .70 .14 .117 .OS .12 .00 .11 .10 .113 .nil .02 .02 .nil ,112 .na .03 v v l,on'1onpea BAR SILVER Salirr. I.ast Today day Men. (rents! Willi 9114 Hs (penee) 40's 49'.s 49',. intu ition I.",v 00'i 8.V, 40'i 42V4 Liverpool Cotton l.lierpnnl, May 6. Spot Cotton was dull todav with prices easier at a de cline of 22 points for middling, old con tract, at 21 ISd. Sales were 2000 hales Receipts were 3000 bales, nnni Ameri can. Futures were quiet In the early declines. Old contract, spot prices, were: American, middling fair, 22.39d: good middling 21.70d; middling 21 18d; low middling 20,65d : good ordinary 19.G6d; ordinary 19.13d. MONEY-LENDING RATES Mitt' YOKK--Money on call opened at 4 per cent : high, 6 ; low, 4 ; last. 5 ; riosen hi .-.'sWbj ruling rate, s per cent. The market for time money started In for the week as dull and featureless as previously. There is a nominal quotation tt ft tir f(ifil. Irrccnaist I i-a rt ,inllni.ni - i-. a --.!... sis.e-i'.-i.atai-n ,,, V-UlltllCTitll 1 ""'" ......-. - il .Prime bank acceptances are In.cood , ."'.K".' inquiry on moderate ouerings. Kates are unchanged at 4(Q4i,i per cent for ellgibles. Business In mercantile paper of choice quality shows a moderate increase. Dis counts are 6 per cent both In the Inte rior financial centers and In the Kast. Twin Cltv R. 47 ,. if SI nref Rli 1"1" -lV ... SI . MSi. is?'4 Undervv Type.l00(i Un B & P pf 11?4 Vn Car St Df.102 Un Drug 77 Ce'nt.. -Hi "J ftP $: S .rill If. Un Alloy btle 38 n'j-.I OH " 5-cfce pf 701. iiv, Un Ry Ind pf' 1 J. U S C 1 Pipe 14 4 .. K,-W.. ': !. Manhat Kiev. 94 Hartman Cp. 85 Ilav Eleo....l01 HomestaKe Illinois Cent. Int Agncui in Harv N , Iowa Cent... 28 Jewel Tea . . Kan C Sq pf i",'i. "i- .a" Unl Ind AI nf 98 Lorlllard ....185 u , R",y In,P rn Lcula & Nash.ll3i ,tIJ,i.; ,$ May Dept Pf.1021, V S R 1st pf.103 May Dept St. 51(4 KASc.& S pf IS Max Motor... 257J "'ahSf"' '? Max M 1st pt 63 VIr C '& C. 67 Max M 2d pf. 20(4 Vulcan i 'Det.. 7J Met et pf.. it Wabaah ..... 7(J Mloh'cent...ll9 S"",? J? Ie 1J Mont Power. 6 War R R pf . B3 Mor & Essex. 89 Wells-Farro . 73 Mo Kan 4 T. 8'.i Weatlnghouse Mo Paa pref. B1H ,P"' , MoPaopf.... 62 w Mary'and.. 1JH M Kl 1. nane 9 & W Md 2d Df. 29 M BtP SSM 90 Wheel s L B Totals $1,700.0711.788 $1,016,068,262 Trust companies reported April 11, $1,111,051,633.85 of savings funds and the banks $7,873,629 68. Last year the trust companies had $1,296,491,866.97 and the banks $6,615,945:10. Deposits In general show a growth of $46,377,931.49 in the year, but a decrease of $4,478. 179 99 as compared with the call of last December. DIVIDENDS DECLARED May Department Stores Company, ouar. lerly of $1 25 on common, pavable June 1 to hoMers of record May 15. Porln Itlean-Amerlcan Tobaero Cempanj. quarterly nf :i per cent, payable In Bcrlp June II to stork nf record -Stay 15. Harbison Walker Itefrtictorlea Company, quarterly of $1 30 on preferred and common. The common Is palahle June 1 to holders of record jr.iv 20. and preferred July 20 to holders of Jull 10. Fort Lloilse. Des llnlnes and Southern Halluay O.mpanv. quarterly of 1". per rent nn common and 1. per cent on pre. ferred. pavable May 1 to atock of record April 20. , . ., VVnlle Aioior tempiiiij. ...ua. ir, ,y ... Il II Nat Acme . 80 W 4k U B Pf. 17( Nat Blaculto 7i WhU, Motor. 43 Nat Bis nff.110(i wj son Co tvv.a. a-ost - af . vat-" Nat.Clk.4t St 6 Wllaom Co 6SU f PIUI.ADPl.PUIA Call, li per cent; time. 54(?6 per cent, Commercial pa per, three to four months, 5Q 6 per cent ; six months, 6 per cent, I.ONIION, Money on call was un changed at 2(4 per cent. The rate ot discount in the open market for short bills was 3 per cent and for three months' bills was 3 9-16 per cent, un changed. Reserve Ranks' Discount Rates Official discount rates at the twelve Federal Reserve banks were as follows: (The first column gives the rates for ail periods up to and Including the fifteen-day maturity, the second for a pe riod of sixteen to ninety days. The third and fourth columns give the rates for rediscounts of collateral loans secured py uovernmeni Donas or notes.) Com'l paper Gov't paper 10 to 60, 18 tn 00 4.. asya l.osion s New York rhttadtlphla ... Cleveland .,,,., Rtrhmoml ...... Atlanta , Chlcaio St. Uul -., Minneapolis .,, Kansaa City... Dalle Ban Francisco.. BanVers lo Give "War Smoker" A "War Smoker" will mark the final meeting of Philadelphia Chapter Amer ican Institute of Banking and will be held at 601 Chestnut street Friday eve ning., May 10.' Warwick James Price wlll.aiak on "The .Today's Situation In Trl-Mountaln Mlnlnc Company, a dividend of $5 per share, papible .May ju to stock of rernnl May ll. Copper Itanee Company, quarterly of It 3d. payable. June 15 to etoclt of record ' Northwestern Trust Company, semlannusl of s per cent pavanie .May lo lo biock oi leennl or same sue, Fidelity Trust Company quarterly of (1 per win, pavahle today. uavs jo naya aaya 4i 4 4'1 4 4. 4 41! 4 4". 4 4lJ 4 41? SH 4 4 41 ail 4 4 41, at? 4 4 SS 4 414 4 41? 3(4 4 4 41I OS -IS 4 4 41? 3l 4 4 4' 31; 4 4 4(4 3(1 4 PENNSYLVANIA FUEL CO. v' " ' . Uniontown, Pv. at offers to responsible firms requiring fuel supplies steadily, a limited tonnage of . COAL IN BOX CARS. r .This coal is a good solid steam coal. Wa art shippers of coal and coke in standard equipment, but at present bar the opportunity to place with customs r a equipped to handle aamo, soma extra, coal In bos car. .Correspondence la eollcltsd. U. . rusl Admlntstratloa Ucanaa No. X 0061a. NEW VORK COFFEE MARKET New Vork, May 6. The market for coffee futures opened irregular today. .May showing an advance of 9 points while other months were unchanged March was In demand from a leading trade source and was the only momli traded In r.n the call. Around noon business was dull and the market entirely without feature. There was a demand for May by shorts, but no transactions wero reported. Re ports that Germany was making fresh peace propositions had no apparent Inftu. ence 011 values. The spot market ln.BrazlI was firmer .santos showing an advance of 100 rels, while Santos futures were up 25 to 75 rels. ,, ,., , . Sat'day's Open Hlsh I.OIV Close, close May . . H 2.. . , s,a n 1 u June . . . S.25 S.32 R.2S July S.5II K IS R.4.' 8 41 s.as September. 8.60 8.32 8.30 8.32 8 4S December .. 8.5(1 S.63 silo s "2 s'mi March .... 8.80 8.80 8.70 8.81 8.7S Silver in Heay Demand We wish to announce that after making a very exhaust ive investigation of the Buckeye Mines Company that we advise the immediate purchase of this very promis ing low-priced silver security, und that we are in a po sition to accept subscriptions to same at 60c per share. The low capitalization, unsurpassed location, and tho very competent management which has already suc ceeded in bringing this property to a shipping point are only a few of tho featur. which make the subscription offering of this stock sit tO cents per share a rare op portunity to acquire an interest in what we believe will prove to be in the very near future a large Silver-Lead-Zinc property. As we firmly believe that active trading in this issue on the New York Curb will witness considerably higher quotations, we urge you to advise us as to your wishes without delay. WINSLOW TAYLOR & CO. Members Consolidated Stock Exchange of New York Walnut 6586 436 Widener Bldg., Walnut 6587 Philadelphia, Pa. Chester, Pa., Office 602 Crozer Bldg. Bell Phone 2213 rotwea Branuiaiea . at 7.41c mat u a S-OV.-J ' aaa.uaiaaai J.
Significant historical Pennsylvania newspapers