"mmM-) HtAA.'wa-aiMHr tmimami WWf HE FINANCIAL WORLD-NEW YORK AND PHILADELPHIA STOCK - " Kl i,,iiit(jtor ' t -la "Barina M a .water' at' wait la metal "Terhalcal Fa- s Caa Weu daaae S too tick arket . mm aleati i i 1 ! t lUEi -leaetntaea' taereaealr I or every market were uaa la tie saea. a? recall any mart.t ; ftt would llkt to hart at wien la deibt to ; aa copy at ingnage of ck Market eVeUeeary of afar 9X1 i i4 nr Makers aaa ypselleatloai. far tka aiklaa with- a ties. ' free Booklet T. V.-M IES & IAKER ' STOCK BROKEn ' Bldf ., PhiladeWhia Well. Walnut 1000 Iteyatone, lure 2210 ian I'liiannrRB lean Tlnstva. '"Mrccl' rrlrale Trtrr. ft L- er.. En, 1 ... ".. I Al v.-tj. .:,-.. ?A J- ''. &-. i '.s, i? . . ..-u. .-- r,.-. .. c .."., K3 ! v4;: BUYING ORDERS SWAMP NEW YORK STOCK MARKET AND BIG ADVANCES COME FOR LEADERS Arct; York Stock Sales 1 New York Bond Sales Sales in Philadelphia Supply Is Quickly Absorbed, untl Those Who Sold at Start i ' do m 1 l " ' ' , Am Hide Lover When Offerings Become acant U. . Steel Soars to lOSTt High Points in Today's Financial Nctvs The Xcw York slock market u-as flooded tiili omiIii7 orders and mnini issues scored sensational advance. Slccl common valued SM points to tOiy,. Vrtccs were Irregular on the Curb, the bio board attracting most of the traders' attention, drain declined. Cotton was higher. Italian ex change reacted. Price of htgh-aradc sine ore teas adianced. liar slhcr was unchanged In Xcw York and London. Allls-rhalm Co. 2014 Am Cnn . . 43 Am Car & Fndy 78 Am Int Corp., fi34 Am rot oil an Am lec Sec, SHU f 30 ft I.. 1.11 uo prcr ... . a? .n Linseed . .11',; do nref . 1JU Aw L-cnnio e.1i 'Am Malt . . n',i Am Smelting,, 81 Am Sum Tol In ,m Sled Fury 81V 28 44 78 37 2714 48 1314 B114 33 7314 8.114 8 loli - IIIaU rntf Our. I $25000 Anitlo-Frch 5s V0h fatA M ' ....... fi..l. p n J. "CIA 1H1L 4. 4Vi U JW 3't. VI 2H4 'i Rnfc 5'V 13 ',& r,iiiKi n.iit & n 4. 4(100 U & (I rv 4ii. 1000 lo 4',jk . .. 2000 rhl (H V is. . 1000 C M & St 1' conv Ct . . :000 1'rle conv 4 iter ii 3V 7 J '4 68 4 BOH 111 'At 104000 Frch Hep 5,h SG .Hn ill em ih no 4 34 74 J- V B'S V n V no VI tu tU a Specialty MU7 "'"' '00 narfs) ent prlcei rallrnad hou1d not be ovr- Bllrvr. ropper atock ,. aMiMlnmnt tttocka are t" wort by of special notice. Payment Plan Lfaitrrttlnr and rnn?n- '4Pian lor purcnaaina claaa dividend paylna a- anM Kiin Ha vr crpianatorv Dooklit. IES & DIER R fhlla. Stork i:xchan S Chicago Hoard of Trada Walnut Strait MinniiwoniiaiiiiiiHiiK 1918 lDELPHIA HEATING IMPANY JOBBERS fRACTORS t your business in r flyatema (all kloila) nraiatora inUara Boiler CoTerlnr tint; for all dutlea nta MPPly Sjratema Mtera I Blonrra awera . tat Work ll-,Wlrlni, Motora, Gener- iTretllit Kleaatora rr vacuum Cleaner aM Reconatruetlon lTork numbing and Klerlrlo a Baa cessful plants In 40 akona connection, ft Night and Holiday H a J-,. n. ana inerry dts. liladelphia llllWi:illlllllllllMlll,lllllllMlijj New YorU, May T. The slock market maintained lt- dtronR tone all IhroURli Ihe day, wltli nearly all the acthe tradliiff Interest concentrated In the hteel lisucs, Ihe dealings In United States Steel common alone amounting to one-third of the total salci on the floor. That market leader, which advanced esterday to 100, continued In persistent demand from the openlnR, udvancltiR 3i points more to 103?i, nnd ncaln llftltiB Its high record for the year. The declaration of the regular dividend on Bethlehem Steel "B" was responded to with nn advance of more than 3 points In that stock to 8454. and Kilns ranging from 1 to more than 2 points were made In many other steel Industrials. The market was swamped with hujlng orders from many notirces before the beginning of business today, and us soon as the exchange opened there was a general absorption of stocks all around the room, with most Interest attached lo the trudlng In United States Steel common. At flrst the room sold, thinking the advance had been too rapid, but the supply was so quickly absorbed that this trading element started in covering and found that outside of their own offerings the supply of stocks was extremely scant. W. W. Cohen, who bought 25,000 shares of United States Steel com mon Just before the close jesterda, wns a buer at the opening todav, taking 10,000 shares, and thero was a number of S000-share orders In the market, some of which could not be executed because of the manner In which the price rose. The sales In the steel group easily constituted more than half of the total of the day's business. Some of the railroads were nctlve at times, with Reading ranging from 81'i to 82i nnd Union I'aclfic ndanclng from 120 to 120T. Studebaker was the strongest of the motor slocks, moving up more than 2 points to 38i, and u gain of 2 points was made In Mexican Petro leum, which crossed 97. In the afternoon nearly all the copper stocks were active and strong, with substantial gains In Inspiration, Anaconda, Utah Copper and American Smelting. A feature of the day's business was the prominence of Westing house, which was heavily traded In, moving up li to 42J4. There was heavy realizing on the ndwinces, but the buying was In large olume and the supply fiom proflt-tnklng sales was easily absorbed, Trading In Liberty Honda was on a lurge scale today, with the second 4s ranging from 93.98 to 95.82. The 3V4s sold at 9S.88 to 98.96. Hallroad bonds were In generally good demand at fractional advances. Am Sim.ir. Am Tel & Tel. . Am Tnbaico, . Am Wool . Am Zinc 4. I, . do pref Anaconda Atchison . .... do nref All O & W I llald I.oro Hallo & Ohio., tlatnpllas Mill . neinin .mi II ini"i HilV t-l' ni in; 015 107 1 3". 4 444 H2 I (IS U xnHi 3" AlKf. Mil I'n ni 211 20 mv, : 47 47Vll 141; 143 BBVi B7-i IIJ1. mi, IB; At ll 4, flflV, M',n BJ'fc inu'j " S3 I ' sia- ilo 8 no nref.lOBVi loo's, lOBVa lliook Rip Tr. 41 3DSi 41 Hums Hroi . ..IS:iU 133 133 llutte C & 7. . f OVi llutle & Sp Cop jni Cnl Petrol .. . j:i do prof . ... 47V4 fun I 'no . . 143 Cent Leather flj. ferro de l'asoo 344 fhnndler Mtrs sin4 flies & Ohio RH'fc f hi (Jt West pf 20', f M & St P 4 0 do pref . 70 fhl & N W 0114 C K I . I t r 30 do 0 pc pf 1 r Mt'a do 7 nc pf t c 07 fhlln Copper 18 iChlno fon fop 43'(, jfol Furl & Iron 44 U I Col (las & i:iec. 33U ifonsol fias no Coin Products. 4fl!i do pref OB 1 Crucible Steel nJVi 1 Cuh.i Cnne Sug 30 1 do pref sol, ! D(l & Hudson. 10.1 n 1. & w ini I ren iltri pr in Homo Mines 7 1 Distil Secur .11'i Kile .. ... 13 1 do 1st prf 'Jolt I fiaston-Wins. , 33V4 1 ien i;iec"i.o. (len Motors. flln l'4 101 7T ' IB7 " 3315; - ; 14 4 444 ".4 BB B4 losli V la -f Ha -t V 33l, sn-, A7U 2014 3D on; (1 1 i-j 10-t, ..:; 7H i1i 42Va 4.1 Vh 33 (Ml 3(1 ' fts BBV4 20 Vi HO" i in 31 H B01 37 1. 201 39 ',4 B. III'. -a 20 AHVa B7i IBU 4.1 43Vi 3.1 '4 no 40 (IK B7U 20t . SO i-i 10 " t 3 n t-l'i I. M tv. 1 1000 Int Mer Mar (is 9: 3000 Lnck Stl 6k '23 95 Kooono 1. n iiomla 3'4ns.nn ll.'OOOO ill, 4s 0.1.9S 30000 Mil IM 4s .. 03.08 1000 NYC Ai II IK 87 IfiOOO do lis 0.1"4 1000 NY Nil & II Gs 86i 1000 Nor I'bc Is... 81 1000 Hep 1 & S 6s. 96 tj 5ii00Soulh Psc 4s ,2?i 1 1000 do cv Is, . .. 78 2000 do con 6s .. 92 10000 Tcxujt Co cv f,s 9'JS 14000 1' H Itubber 6s 79 ! 11000 P S Stl s f 5s.lO0 30000 V K" Hi R B i I 6'5 1919.. 9D, , 1000 West Cnion 6s tij'a I.riw 901 70 '.J 73 77i3 68 60 , 96M, 74U 92 a 95 0B.B8 0.1.B4 03.BI 87 94 85'i 81 9B'i 72 77, 9J ( 9 5 14 79. 99 t 99U 92 V, (ln 1 90 1 76 4 73 14 77'ii 68 I 60 H 96 74U 92 ?i 96 na.on II1.R0 03.00 87 934 85U 81, 9B'-i 92". 99ii 79'4 99 99 4 92 '3 Total (ale. I3.n22.00fl, rompiired ullll . IO.1.000 .leklrnlnsi thus far Ihls nerk, HM.I27.0OIII same period lnnt neek, SIB, 70 J, (WO. Net Itlah tow rinse ihc. "An rjas. 73 7f. 73 J,, 50 Am S T 10B; 10BA 1O0B4 1U in llald Ixjc. soi no's, 0H 4- a 8IUS pf. 4B 48 f Tr XJ 137 Llec Stor 404 494 100 I'.rle .... 13 13 lOUen Aspli 1414 1414 ion do pref. 48 48 loo Insp Cop ni t 4 In Co NA 20 20 3340 L Sup Cor 1814 'Ml 40 Lch Nav i,i Ollii IU Leh Vnl. 30V4 3',4 .ISO Mldvale . 47 47 100 Nev Cons 20 20 74 Pcnn UK 'I'.. 44 48 Pa Salt M 88 88 1'hlla Co 17 do cm pf 31 31 203Phlla HI. 23 ",i 23 400 P It T t c 20 2-.T4 40 I'll Tract. 87 B7 100 Heading.. 83 82 30 So Itwy. 32 22 Ton Hel. . . . l70Tin Mln. 3 In Tract. 81 C I .. Bfll inn in K inv in 11 BB'i 10 8B70 U S Steel HI3l; 100U 103H 211 80 1 j 10 48 tBB 4oy, -f- v, 13 4- ' i4vi 4- u 48 I 4 1 i 20 10(,4 4 (IS '4 .1lH U 47 y, 4- 'a 20 J- 4114 -I 14 88 -I I t.'B 31 23 '4 20 4 'St B7 83 I'i 23 4 U 31 3 LAKE SUPERIOR AND TRANSIT CERTIFICATES ATTRACT MOST INTEREST IN LOCAL TRADING Both Stocks Show Unusual Activity and the Former Advances to 16VL', While the Latter Reaches 26 Steel and Railroads Are Strong in 4 4- BULLISH SPOT NEWS HELPS TONE OF COTTON Market Steadier on Predic tions of Larger Sales of the Cash Article -t - in lnin, 103 o 84 r.2; 14i 20 33'4 llfliVi 113 14B1.4 4-2Vi .1I7Vj llflVi 1I7'4 4- 4 I Coodrlch H F. 4l"n 44V4 Gt North pf . 801, 80 I do Oro subs Ill's, 304 , (ireene Cnn lop 44 44 tirrrOV IIKI.T WKYTIIKIt (ONtllTIONX New "inrk. Mnr 7. The fnllowlnc lem pernliires were recorded In Hie cotton licit IhU mornlnat I TlinmnnTllle. BOi Allnntjt nnd KnnvTllle. t I fl?t rlialtnniMira nnd l llmlnalnn. Bit lit- , Biitn nnd Tnmpu, Bfli ew (Irlenns. Ile rlillnn, Chnriefttnn, Hmnnnnh nnd .lurkann , ,, title, B8i Ylrkahnri; nnd Nnahtllle. 70 r 'i AhlUn. mipiw,rt. Dun nlntiln nml l.ll- lie Knck. 7'l I orin I nrill unu unites- 3314 -- 4 ton. 7I rensacoln. 78. 13 4- 4 20U .. I New York, Mny 7 s:l 7 T".7" ' nultlsti ndvlr.es on the snot article from the south with predictions that the do nref 300 W ft I. i: Wnrl&S 123 W Cramp York llpr 4 , tim D II 81 7.U4 7SV4 24 t.1 tQuotatlou glxenlsjesterday's rloc Tntnl aalea, 13.110 htiirev, compired with 3178 lirnres'eterdiiyi thim far Hits week. IB.304 almrest anme period Inst neck, Id.Vi vhnres. llOMIS N,'t llluli l.mv l'Mi rhff. 8l300Clty Is'll n.l'H O30 0314 n lonn do 1912 ni- o.TS, m ,. 300 do 1913. 07"4 0114 031i -I I 3011 do 1914 03"4 03 U !!, 2'h 3000 LI A. Peo Tr 4s ; 73 73 4 I 110" Lib Honds 34s.. . 08.74 08.70 08.70 . . 4B.10 do 4s. OB 03.80 03.80 .30 630 do 1st 4i 90 90 00 . 4 10 2000 Pa & Mil Steel 6s 101 Vi 101 14 10114 .. lOOOPhlla Flee 1st 6s. f4 014 04T4 14 1000 P H & W 1s .. , OS', 0.H4 03H 4 4 lOOOIIend gn 4k . . 8314 83-4 8S "i Totlll antes, JUB.OnA, lompsred nlth -'.-n.10 leMefihiM thus fur (his week, S78,9.1(l sanio lierloil Inst Heek, SI32.70O. inv t 1? 'ln''s S!l1'' of th(" ra'h nrtlclo would lie .11 4 ' the largest In seieial weeks, brought 14 4 '4 qinn, 1. Ltpillnr tone In tho Cotton Local Bid and Asked ImT Stores Today Hid Atk YsterdHv IU1 .k ui"fCe,t,,rn,,eel ' 'm'1 T 'S.'4 TlS ' nrket here today after It .had b.en uL'tr' i',,, ,,..', Int AKrlrulture 1114 llli "14 li weaker early In the session. n.ildin'fIeo .." ' si', do pref . .. 4 40 4B -r" 1 This news. boeer. did not lead to ! ,,;,,,vr,,n Morose 4s'. Insplr Copper .1414 33 Mia 4- 1, much fresh buying, the bulk of the ' Oenernl Arphalt 14 Inter Cons Cor 7V4 7 71 f 'a ,iu,nn.i r.nint- niti-lhtitrd to roierlmr. . .do rref ... . . 47 I I j Insplr Copper ,1414 33 Inter Cons Cor 714 7 I Int Mer Mar.. 24 24 do pref . . . 8' 8814 1 Internal Paper 411h 4014 lilt Nickel . . . 20 28 , U'anpas city So IB IB , do pref . 4812 4BV.J Kelly sjprlngf Id 4314 12 , Kennecott Cop. 3314 Lack Steel Lehigh Valley . Mev Petrol 08 Miami Con Cop 3814 Mldvalo Steel 47 MIourl I'uo . 23 ' do pref .... .1414 Nat Knam ft; St S3V4 Nev Con Cop. . -JO'S, N'eiv York Cent 7014 - .n v . 11 ft 11 an4 Mt r 1 nr n t 1 ,. . Northern Pac . 8.1 arkct for the Most Part Irregular Submarine and United, n'nurio'siHeY ' 3S'' Penn H Tl 43Xn Pitts ft West 21114 Pitts Coal . . 33 Presed Stl V 34 AETNA EXPLOSIVES ATTRACTS ATTENTION OF CURB TRADERS , States Steamship Sell at New High for This Movement 84 l4 'MS. 14 r,o'4 . .10 1 iu'ii 28 4B')4 2114 3114 33 20 70 .10 8314 a a m,.mi:iiii, m'li l1 iiiii iiiuitti ,i, ur,,,,. .. ... If T i" 's',,"' ot "l,ot !,t Xcw 0r,"l"!' nmoun" ' dn t?cctfi . ,;,. f 1 1 cd to nearly 9000 bales, most of It Lake Sun Corp 20 4- hedged cotton, the greatest In pome IB -- '4 time. Increased exports also were 48V4 -4 v.;, evnected from Atlantic ports. 4.114 4-l'4i with the lolume of business small .,.,-, -r XI IS 40 K'i New York, May 7. Market movements on the Curb today wem irregular, pait of the Interest In all trading circles being deoted to the transactions in United States Sleel rn the exchange. At the beginning of business, some lecesMons resulted from profit taking salcj with the heaviest trailing in Aetna Explosives, wheih sold down from 12' to 11,, but completely reeoiered this loss In the early afternoon. The shipping stocks continued In persistent demand, with Submarine selling at 17, a new high for this moiement. and United States Steam ship sold ut 6,, making a new high lecoid so far this year. Lake Torpedo was flrm.jvlth sales at 3?4. The airplane Issues were not Inlluenced h the disclosures in Wash Ington, Curtlss moving up fiom 34 U to 35-, and Wright-Martln was steady, with sales at 10'a to 9Ta, Independent oil were in fair demand, with Midwest advancing from 106 to 108. Houston sold at 44, nnd Oklahoma Pioduclng at 64 fi f,i Mining stocks were fairly active, with Nlplsslug selling at S'a'und Mason Valley at 44. uV.--. 1 i4r.iT AVfl MKTIIAritti 10NAI. DANK Philadelphia, JUy T, 1018. nave inia aav declared a r 141 Der cent. nuvahU nn .'have added Hull. (mil In ln L making that fund ll.430.noo. LM malKd to atockholdera who lanant dmdend ordera. IQHN acllHULE, Caahlar. KTKH.V NATHIVAI. BIMI -rmladelphla. May 7. III1S. ra nave inia aay aeciarcd a ridend of Elaht (81 Per (?nt a Check will be mnll-d ii:runi v. .nice. I'aahler. IV OF ACCOUNTANT t Public Accountants JB K. IIHOWN c cxi. rATK TlllJKT ni.un ADJUST HAHTNUHSHIt UlBi'UTbll AULUUiNTIi ricial Briefs area continue at low lev 1 In ADrll. amounting- to liabilities of 814,271.849, r vriin jit; aeiauns in ITf.331 and with 1069 in wnen tne indebtedness ln the United Slates Dls- Monday appointed H. C. r tor tne siock and Dond cr. Foote & Sherriu, of a pong or ssu.OOO. Tot tho German National he rlcbeat banks In old It; meet May 31 to vot name or tne institution BanK or America at 1 - IMIIWTHIAI.S Hid Aetna Kxtilosles . . tH Amer-IlrltlsU Mfg ... 3 Am Marconi . . . '(', j Amer Writing Paper. 3 Air Reduction B8 Canadian Car Co ... 28 Can cur & Fiiy pr... 70 Charcoal Iron 714i Chevrolet Motors ..110 , Cramp 73 Curtlss Aeroplane . . . 3314 Carwen Tool 8 Carbon Steel . . .Ill Kmerson Phonograph !4 Federal Dye Hendee Mfg . Inter-Lube . Kathodlon Bronze pf Lake Torn Ho.u'. . . I,ehlgh Coal Sales... I. nun Loco . . ... Maxim Munitions ..', Marliu Arms . ... N Y Shlpbul'dlng. . .. N A Paper Pulp. . . Otis Klevator . Peerless Motor Poole Lug Iledden Truck .... Scrlpps Booth , . S S Kresge w- I Standard Motors . . Steel Alloys . Submarine St Joseph Lead, . Todd Shipbuilding, . Triangle Film United Profit Sharing I S Steamship. . . . United Motors ... . Cnlieil Sugar . 1 World's Film Wright-Martin Air .. Zinc. Concent ....... Yea rlore U (-H1-.-I B 3 fcr boldera of Liberty aaaire. to convert oonaa tnose or another la tall In a circular just utlon by TOmbrlaiu in I 314 78 41 70 30 Sli 43 13 0 1114 1814 13 70 li B 24 30 1)1. 7.1 3.1 811 8 120 80 30 9 114 :i 211 3 l 4 8.1 43 U 80 12 31a .10 17 711 1.1 17 83 12 7 164 1314 II T. V. -8 24Vs 33 14 10 2 31 9 -; 131' 3&4 .1 I.M)l:i'i:.M)KNT OIL Merrill oil . Midwest (ill Met Petml Ohio Fuel . . . Oklahoma Iter... Itlce OH Sapulpa Itef Seo,uo.ah Sinclair United West Oil. . MINIMI STOCKS Alaska Standard .... 3 Atlanta g Hlg Ledge J Butte New York n. Cal & Jerome I A, Con Ariz 1. I.mnia Consolidated.. Flist Nutlnnal 1, Goldflcld Merger .... 3 Goldfieid Cons .... ". (loldrleld Floreiice Goldfleld Kewanas Green Monster Hecla Mining . . . Howe Sound . Independence Lead Jerome Verde . Jim Butler Jumbo Kxteniion .McKlnley-Oarragh Pullman P ( lly Steel Spg .IB Hay Con Cop. 2.114 Heading . . 8314 Hep Iron ft Mt 8714 i-sios.shef Sft I n-s Sinclair Oil. . 2814 South Pac Ml South liny 22 '4 ' do pref .10 vt Studebaker . 30 I Sup Steel 4.114 Tenn Cop f'h 17 ,Tens Co .1.11 iTohac Products .18 Union Pacific 111 1 I'u flgar Sirs uoa l"n lly Intest . 10 do pref an 1 U S Iml Al. 120 '1 S Itubhei 37 1t I S Sm ft Itef 4IV4 V S Steel . 1 0.114 1 do pref 1 1014 Cl.lll Coppel M21i Va.Cnr Chem 47 'Wabash pf 11 Ml West Union Tel 01 Westing Mfg . 4214 I Worth P ft M. .1114 Wllljs Oierl... IM I 39 V4 8 '14 4.1T4 28 321), 391, noli 0fll 28', I7'4 21 34 14 33 20 7014 30 8314 Sllta 81, 43 284 i n? suggesting that Influences recently dls T nlj cussed were losing lehlr potency, brok- er.s uiscusseci ine proimuie iiiuman hum I. 4- outco of tho next market Incentive. ' ' The trade as a whole seemed to re .ehlch Sav la-hlKh. 11 LehlKh Vnl Tr . . do pr-f Pi-nnti II n Phlln dec . . . rhll.i Co . do 3 p c rief do it p c pref. I ll T tr itra . Hctdltis- . Tonopnh K-t lonnpnh .Mln t J gard Ihe weather news as the probable rXn'Vn.tlon X ii deteimlnlng fnctor of the course of I c u 1 . .. . a prices for some time, although political ' h sjeei . 33 rot; I4V4 IIIV4 111'i 4- 14 or other news may have a monient.'ir effect. Tim rally trading reflected the con- do nrrf W Cramp &. snn. Mi n: in', 04 1 j 111 r.ti'4 r.n". 17 in .in 37 4 1 41' 2V, I'll L'7'a 31 S3 '4 -,BI4 SI KTt I'i 3S 2 1 J 3 4"Vj 41 'a I. II Bll I, tinv, ioi Vi ll'-j 31 nj 47 so 40', 14 47 X ,6n ir,4 n 4 S r,s 17 311 44 LMVJ 211 JSVa SIS .V. -'.' Ill', now un' 31 There was substantia! Improvement In trading on the Philadelphia Stock Exchange today, following the trend In New York, and In line with expecta tions In the financial district nfter the large oversubscription to the third Liberty Loan. With few exceptions price changes were to higher levels, nnd several of the usual leaders scored big advances, while the market was broader than it lias been for many weeks. The bulk of the business was In Lake Superior Corporation, Rapid Tran sit ttust certificates. United States Steel common, Mldvale and the railroad Issues, virtually nil of which were In good demand nnd made b'lg gains. By mldafternoon nearly 3000 shares of Lake Superior had changed hands, and. following the course of the steel industrials on the big board. It advanced a full point to 16H. Transit certificates came out In large volume early In the session and ndvanced to 26, with Aie cause for tho change to a higher level problem atical, but the opinion was heard In the Street that the strength and da mund doubtless was due to expectations us to some favorable development at I tho hearing before Iho Public Service Commission tomorrow on the new I lease. I Sales of Steel common totaled more than 4100 share by mldafternoon nnd the price soared above 10J, for 11 gain of nearly 4 points, and Mid vale, usually Inactive here, was dealt In ruther heavily, advancing Ta to 47 la. Ilaldwin Locomotive was also in good demand, reflecting the recent lurge Locomotive orders, nnd wns marked up 'a to 80a. r Outside of Wheeling and Lake'Erle lallroad issues were not active, but all transactions were at higher prices. Wheeling scored an advance of 'i to 9, Heading gained ?t, Pennsjlvanla was fractionally higher, Lehigh Valley advanced 5,J nnd Erie a trifle. Pennsylvania Salt was marked up 1 point, Lehigh Navigation a trifle nnd Storage Battery ;. William Cramp, for some unexplained reason, de clined 2". and, although the annual report of the General Asphalt Company showed the last fiscal jear to have been one of Its best, General Asphalt pre ferred lost a full point, while the common shares were up V. Other stocks appenrlng were gcncrnlly unchanged or a little above the last previous sales. Liberty Loan bonds were quiet, but firm. Philadelphia Company's Net Decreases The earnings statement of the Philadelphia Company for March and twelve months, which came out today, showed total gross for all departments , for March of $3,350,789, an Increase of $190,748 over the corresponding period nf 1917, but tho net was only $905,131, a decrease of $400,809. For the twelve 'months the total, excluding the coal department, was $36,051,492, an increase of $1,374,213, and the net was $11,222,594, n decrease of $1,542,343. 1 No statement Is given for the coal department except for the month of I March, which shows gross of $145,577. 11 gain of $18,716, and net of $70,875, 1 a decrease of $6413. For the month the oil department gross was $75,751, an 1 Increase of $21,712, and the net was $63,643, a gain of $19,378, while the Elec 1 tile Light nnd Power Company gross In March was $898,406, an Increase of I $180,026, and the net was $282,987, or $11,612 more than the same month last 1 j cur. Decreases are shown In the March net for all other departments. 'tf I General Asphalt's Good Year President Arthur AV. Sewall, of the General Asphalt Company, today made public the annual report of that corporation and Its subsidiaries for Sll'4 r,'i ir, 4 'I s' ir.', 0.1 .'iti't 111 37 I'd 31 ill S1 .T a .Ilia inn n' 3.' 70 33 21 8214 8.1-14 bo ia 27 M314 21 30 Va .IB ,4 4l' 171, 331, 23 831,4 87 Va l 284 84 21 30 3B 4414 17 1917, which Is one of the best that has ever been Issued. It shows gross llnued Infl'uenco of the good weather pitir AI1FI PHI t IV 4CTIVP CTnrvrc. ' business for the jear of $12,559,313, as compared with $11,677,309 In 1916, and heavy Liverpool selling One of the and tho net earnings were $1,019,350 ns compared with $921,995 the previous cables received from Liverpool mis riuiiniiii are quotations ror inactive' i.. .1 1 , .,n. tolL- nf 'tocKs listed 111 the Phlln delnhlit StoclclJe-11 vesterdnv statlnir that It was absolute- , !'iich""f ""? Jn whlrh there were no 1 which compares with $760,308 In 1916. After deductions theie remained $830,659 to be credited to the surplus 1; IVa 2 14 Amer Mill 141114" 131 ") iVn 1311". 8014 014 18 131,, .17 40 1(111', 110 81 40V, 22 03 41 -10 1814 lv Irresponsible They suggested a feeling In Liverpool that American markets would have been lower vesteiday hnd It not been for the t IVj peace talk and a disposition to sell heio 4 In anticipation of the break that would follow a better appreciation of the out T Yf look But after showing a net loss of X iji about 39 lo 4 7 points, the market stead- Amer Stores., no ,--, . .ilni ..na ihe urn rntllna A,i Mru .f ! !. It'll uii lUiriiiiA ,,.,. 1. .v.. ,. .. . -- " ' ,' "- . . of 25 or 30 pqlns, after which trading 414 became less active with fluctuations Ir-4- lecular. The receipts at the ports for the day are estimated at 9000 bales, against 19,908 bales a week ago. 14.227 bales a ear ago and 29,29') bales two 5 ears ago. 'transactions today. The price given is mo i.im prcnous close: Acnm Tea Co 61 Leh Nv rights 1 Acme T 1st pf 93 first paid . 17'i A,.',' "ar '' Leh Val Trpf 26". Alliance Ins . 19 Leh Vallei . . . 591; Amer Ice ... 19 1. x" "d n nf. 43 Amer Uwy ..30 , N vvr w 1.. 7 Am Hy pref. 75 Little Sclnnl. 48 I0!j Lit Brothers.. 26 4- I 121 no 10 111 1211 371', 41 10.1 110 8214 4(1 3214 .. 03 i4 43 1 30 , 18 41 - I 4 ' 4- "4 -I 4 3 tl' Vlav . .lulv Oc(ober Iii-pmb Mmt . Yealerday'a rlose Open HUh l.ow !.ap . ".". r.O 23 8.1 21 83 2.1.30 -J.1 4'.' . . .-, 311 '.M.;!! 23 BO 24 8.1 .."...",0 . 24 7H 24.4I 23 IU 24 21. 2172 r . 24 .17 21 7.1 24 Vi 24 11 24 .' 27.20 llrlll .1 (! .. 2.1 !i UNU J i pf . 70 Huir ft S t c. 59 Cam lion . , 4 Oil Cam Steel ..127 Catuws 1st pf 52 Cataws 2d pf 64 lit ft II T ... in Ht ft B T nf. 17 K'evstono T.. S'.j Key Tel pref 5u Leh Nv rights full paid.. . 69(J Len V al Tr . 20 50 121 7.7 80 Mlnehlll Norrlsiou n North Cent . North Penna. Phlln ft West 8 Ph & West pf 34 PUT 26 Penn Traffic . 24 Kw Co Gen. 4 In C of N J.187 V G I war.. 2715 West Coal . . 70 W J Seashore 3114 York llwy... 91a loiu liny pc 31 local mimnc; stocks TONOrAH STOCKS 11,. STOCKS COST. Tntnl Mile. 883.100 share, loniimrril nllh Yeat , In.. ftiT.lKMl fcliiires jesicrii.ni inns rnr nils neck, 1014 191, .107 109 M 14 10 .1 4 4 14 71 9 30 13 tl U 4 4 3 14 7! II 4i ,.'. l.4i'.4iHi klmresi anme period last week, 18V4 1 ',l,,,v"' 1(17 ! . U INACTIVE NEW YORK STOCKS 014' Following nre quotations for Inactive !4 New York stocks and in which there I were no transactions today. The price given Is the last previous sale: ''" I AJax nubber. 54 N V Ont & W 19 Alaska Old M. 11j Norfolk ft So 21 i 1 Alaska Jun. .. 1 f Nor ft West pf 73 A Am C ft V pf.lio'.i Nova Scot Stl 61 , Am Ag Chem. .7 North Amer.. 44 ', Ainer Can pf. 96 Ohio Fuel Sp. 41 14 Am Kxorcw.. "'. Ohio Gas rets 68 Am Loco pf.. 97 Owens Bottle. 70 Am Malt pf.. o'n Pacific T ft T 20'i Am Smelt BO Pnn-A Pm pf 90 Am Smelt pf.105 pPro Marn... 19 Am To pt new 98 fere, Marq pf 66 Am 1 c v,. "?,, I'm nan : u 45 Liverpool Cotton ' l.i-erpool, May 7. Spot cotton Is quiet I r.nrJ'u','r, "'! tniav with prices firm nt an advance v! irtiVaf? fin of in points for middling old contract. i.izm Kxiciialon":.':::""':' .oil ni .l.jnir .--nien ,ci- .m uair, ic- .iinntonn , u celpts. 400 bales, all American. Futures I Northern Star ml neie barely steady In the early deal- ncarm- K11U nil Ings. Old contracts, spot prices. were:"l '-nd so American, middling fair. 22.49d: good: .. tiOI.DITHI.Ii STOCKS middling. 21 81i; middling. 21,28d; low Atlanta .. , middling, 20.76d ; good ordinary, 19.76d ; 1 liluo Hull . . . ordinary. 19 24d. I RKiSaiHin.ld 11 11 . - lialay FOREIGN EXCHANGE 'o' an.a." - T - f reitrn er ' '"nnainrm Kcnuall ,. 1 ne 11 reign ex Kiii-P i,iri( . . V New YorU. Mny change market was Inactive but In the main sieauy ;n me eauj- uraiiiiK i. .(in .10 .n .113 .114 .01 .01 .02 .111 .112 .114 .OH .01 .1)2 .nt .11.1 .01 .03 1 3 14 A -. . amn, nr . :,-& i,nv,,. r. in. e an Am Writ P pf 22'j Fierce Arrow 374 4.1! A T IT! Pj 9J4 J. Arrow pf. . 67 Vs A G ft W I pf 1 Pitts Coal pf. 80 1 4 Asso a 1st pt 5- pub Sfr CoP. 1,3 I . ' Asso O.I .... 5J Heading 1st Pf 35 4 1 Atl Coast L. . JJTa Reading 2d pf 37 I lUfltll Pli'llUJ l .110 ""iV "'""""i" 1 a toi.j j-.- rri. ovnAnllnn f-iti Itnllati At. MIZOna I lilfrfl change, wb'ch, notwIthKtandlng.the cur- $;"" sn0,n1fr rent discussion of the efforts to stabilize "'0"J Jllmnt' that exchange, reaciea aiier a momen tary recovery. Quotations were" Demand sterling 4.75'j cables 1.7i 7-16. sixty-day b'lls nominally 4,73, ntnetv-dnv hills 4.71. cuecKs o. 1 1 '.2, MISL'KI.I.AKOL'S I In his report Mr. Sewall sas In patt: "The fiscal jear of the subsidiary companies of the General Asphalt Com ' pany hus been changed to end December 31, Instead of Junuary 31, as here ! tofore; therefore this leport covers operations of eleven months, ending I December 31, 1917. The change was desirable because of the numerous tcports requited by the Federal, Stale and mining governments, which re ports represent calendar vears. ' "The gross pioflts for the ear were $1,897,362. The charges (Including ; Income tax. $51,013, and special reserve, $100,000 for contingent war taxes) , were $878,011, leaving net earnings of $1,019,350. From such net earnings I there have been deducted the cost In excess of the resene for maintaining , pavements under guaranty arid sums paid for the release of future cars' maintenance obligations on streets in certain cities, amounting to $117,753. There also has been transferred to reserve for debenture redemptions of the New Trinidad Lake Asphalt Company, Limited, the sum of $70,937, leaving a net gain to surplus of $330,659, which compares with $760J08 for the previous ear. Theie Is $13,054,100 5 per cent cumulative preferred slock, requiring $652,705 for dividends, and $9,862,000 common stock, In the hands of the public. Capital expenditures weie $276,760.80, against which there was cred ited for sundry sales $94,118.05, and written off out of earnings for deprecia tion of plant, $194,287.95, making a total credit of $288,405, thus leaving a UJ j net decrease In property account, as the result of the year's operations of il.i, $11,644.20. Ill j "The charge against earnings as a reserve for depreciation of accounts 8-I was $110,000 which compares with $41,000 In 1916, leaving the reserve for ' anrAnl'illnri nf nnnmmlu nf , I. m ..n.4 r.t . . .. -.. .- nna n n . . . t .in , v ,...... ".. v vv.wM..,a nt ,,, cuu ui me j eur f.vo,adD, compared wiin .n.i $206,766 the previous year. "Dividends at the rate of 5 per cent per annum on the preferred stock weie paid quarterly. The number of holders of preferred stock as of April 1, 1918, was 1709; of common, 440. "NotwithstandiniJ the adverse effect of the war on tho company's busi ness, domestic sales for street and road uses show an increase over 1916." Ak .71 .1 I n.Mu' Lnconf 97 Bait ft ( l'(. uo... o-'-a HeplronftS nf 98 Itojal Dutch. 79 Franc cables 5 691a. Lire canles 8 0S. cnecKs :. Swiss cables 4.17. checks 4,22. Guilder cables 48' j, checks 4 8, Pesetas cables 271,. checks 27 Stockholm cihles 33'.. checks 33'i. Chrlst'anla cables 311,. checks 31'i. Copenhagen cables 31, checks 30 i A moderate movement Is' reported prune mercantile paper at u per cent. MONEY-LENDING RATES New York. Money on call opened nt 6 pi r cent : high, 6 ; low. 4 ; last, 4 : closed, 4'ja5; ruling rate, 5 per cent. Tho market, for time money Is un changed today In point of inactivity The trading for five and six months is 6 per cent. The demand for fine eligible bank ac ceptances nt 4(S4 per cent continues in excess oi ine supply in STANHAItl) Oil, Illinois ....188 107 Ohio .133 340 Prairie Pipe 270 31.1 Stand Oil California. 218 321 Stand Oil N J 043 sso Stand OH NY, 288 (70 INDKI'KNDKNT Oil, STOCKS Barnett O ft O Coaden A Co Klk Basin s 8 Federal Oil 714 2 In-v Petrol 1314 1314 Houston Oil 43 44 ' I 1 1 o rt-or i.(jiaM-;iirirKTiv;nfnt'UTi- . 16 amKina lopper 3.1!i 38 ::",. L....1 T.Si. ,'.V '' """'" "I7 -.. o.-. ntrnei nnt.c-o .. Mother Lode 48 19 31 "?!' l ,, ,ca IDS gavage Arms 00 4 l.l.uausu 1.1 v roiuv,n 1 nn,M 1 rilII.ADKI.PHIA Call. 6 per cent; Mines Co of America. 114 114 . I P,'" shoe 65 aon.Si0S .- tidcniro. Mav 7. HOC.s-nerelpti, 21! nno . time. 514i0 per cent. Commercial pa Nevada Hills ,1 in ' H,ni,"n 7 Stli&SF.. 10 iVdi tnnorrnw. 25.000 head. Active, per, three to four months, 5 4T 6 per cent ; ..' Vlp.ssangWnder .',- i 'a, 'c S pre;!: 8014 Um 5 I "l Rffi'Sfcinft" Ail oWo.5piir" :.'::::: It ll "I Chl&GtWet 6 Seab AJpf ?? mlu ",l J- J" I.ONnoN-Moneyon callls unchanged T "" IUy Hercules ... 4 14 4 4 ,'14e,,,P2n,1Prl AA Sears "oehk.1411,4 K"? 71 ,8'S"',",,'rt' Bood t0 cho1"' '' ( today at 214 per cent. Discount rate Han Toy ....:.:.; li is C, ,Ji' 47 p,ars Kbkpf.116 ""attI.f rtecelpta today. 1.1.000 heads to. short bills 2'i per cent and three months' 0'4 Stewart .. , ...., 3.33 7.33 ?.s 1, ? u ,i nf 4 hatluck Ar. 16'.4 morrow, in.ooo head. Steady. lOo lower, bills 3,V per cent, uncharged. West End Con:!:::: ?2 i? ii tI""--.Ca.n.V W ?? Studebaker pf 90 JSI. L- .Top- . Lmba, top hANJC CLEARINGS --- - ' " f-(n 111 UI A' l il U..a it.... J aS.I aid 1 .-...- ,,-, mum h'iiuiii i" 73 1 a A at null .Til 1M IIL 3D 1" ..": 331 342 386, 14 "V6 24 1314 43H White Oaks White Caps lerington Hon ns 0114 73 Bethlehem 5s Coaden Oil fis . . Cosden & Co 6s 73 Cudahy 6s 94 iiuaslan Govt 612s... 33 Itusslan Govt li'ja... 38 Southern llwy 6s..,. 08 14 Sinclair Oil Us 73 Todd Shipbuilding 6a, 96 08 82 82 97 30 42 99 80 99 DIVIDENDS DECLARED Rlordan Pulp and Taper Company, a divi dend o( 2la par tent on inmmen, payable liiv 13 to atock of record May 11. ta made of the alxl Klnta County Electrln l.ltht and Tower went Involved In the fmpV,r' S""""'.0' :A,,.?2.- pable a. or, Mlr conversion JT7n.'hlV.urn;i ll.nkr"..ml.nVu.l o . . - I per cant, payable on demand tu atock record ay o. Urnerat Aiphall Company, quarterly of IV4 per cent on preferred, payakra June t IO SIOCK 91 limiu j -w. ftMwnd National, liank. aemlannual of 7 par cent, payable May 7 to atock ot record k'v'Bub treasury aalned the banks yesterday. . gam since Friday or reas' Company reports 1 Deoembcr II ooerat- M7.M3.I00, acalnit mm rear, .or a, oe Net oparatlaa? ax. Ml,ttt. n , tmlamjtn aaa aaMM a, tnakiac tkau Ihart '- r . . v . . '.... j,. luoa- ft t 3 lock of hii aa Bethlehem Steel Corporation, quarterly of 214 per cent on Claaa A and Claaa li com mon, payaoui juiy 1. 10 biock 01 rvcora auna -Oi... . ...i ....M.iu at ., nariDiKn i.wiwiit",, ., .,jw. ; parable 'una 1 to atock of record May 20. Northwaatarn National Bank, aamlannuat of a per cent, paraoie ouay 40 aioc k ""Xmerfcan Cotton Oil Company, quarterly t Ik' cant an common. ana aemlannual of law rant oa preferred, parable June Irto ra taehaaca TNattaaal Bank, aemlannual ajrwVr r.aaiiailVaBaiss.lo atoek J?5!."Ma,4lA-.li-WJllil'lli.l tt.nlc. 4 par ,aaat Byak4a, aa ,a- NEW YORK COFFEE MARKET Nevr York. May 7. The coffee market opened quiet but steady at advances of 2 10 t points. The feature of interest was a request sent out by the Government to local coffee Importers asking for offers of specified amounts of green coffee for army -and navy purposes through their connections In Brazil f. 0. b. Brazilian ports. It Is believed from this that the Gov ernment will buy Its supplies of coffee lof Brazil and will furnish tonnage for its transportation. This plan will remove the drain on domestic supplies and while It will tend to take considerable busi ness out of the hands of the local job bers, It Is believed that It -vlll work out advantageously In the end. Open HUh Low Lioae ilcao July .......... 8 43 8.44 M.4I September .... 8 33 H.S.I 8.33 8 34 8.32 December .... 8.B3 S,d 8.04 8.81 8 82 Marc.l .,.... B.83 .... . ,. 8,83 8.81 New Plant for Atlantic Refining .rutaaaraa. May 7. At aeon of ISO.- Cnn Til ,..., In Cnl M nref lS4 ;;- " , - T.; Cruo btl pf... 89T4 T c t j9,4 RfV Sfrta't 68'A Thlrd Ae... 171i Mi 5rrrf "0 Transue-Wms 40 Erlat iVnri'f "814 Tob rrod "'' 37''4 n!n P 88 Undervv Type.lOOH Jlf" rfJJ'nf 03. United FrultllS iiavnJc CPl lot U B & ? ' H. ?:''.? W'ia Iln Car St nf.102 int Con CP nt 394 'n Drug...'.. 774 S'lttrv N J.J20V4 ;n Drg Ut pf 4?2 imva. Cent... 28 un rap lira.. ioi iewtl Tea ' 38'A Un Alloy Stl. 4lii iVeok'fc D ii. 4 .Mn-WSL.gJ 7J Laclede Gas. 80 S C I Pipe 14 Ie Bb & Tre 18V4 JI S C I P pf 41 Irlllard ....185 I'nl Ind Al pf 9I4 ilu Is " NaVh.113 XI g njty mp 15.i May nept.Pf.10214 U S nity Imp May Dept St. 5114 1st pf .... 60 Mix Motor... 25?! XI S It 1st pf 10J Max M 1st Pt 63 88 R pf 46 Max M 2d pt. 2014 Utah Sec Cor. 12 Met Pet Pf.. 93T4 Va Ir C ft C. 7 Mich Cent. ..119 Vulcan Det.. 7Ji Mont Power. 69 Wabash 714 Mor ft Essex, 39 Wabash pf A 41 Mo Kan ft T. '4 Warren K II. 14 Mo Paa pref. 61 Warll n pf. 63 Mol'aopt.... B2 Wells-Farso 73 MAHtLnew 9 Vi Westlni house M StP ft BSM 0 pref ...... 4, Nat Acme... 30 W Maryland.. 14 Nat Biscuit.. 9714 eW Ma :a pr. Nat Bis pt..H0Vi Wheel ft L B J Nat Cik ft St El W ft L K pf. 17 vmt n t, u nfimu Whtla Motor. 43 v.. (!llf nil Wllann Cat .'. ISU Nil K S nt till Wllaon Ca.Bf.'lf . Nat It4Ul..,,104 7 WttlrtQv.P.'i..'. Du I'ont Concern Take. Courlhouie WHnilniton. Del.. May 7. The du Pont Engineering Company has taken over the old county courthouse, where the exemption boards have been meet ing and the exemption boards will move to the Water Department building at sixteenth and King streets. The en gineering company Is n concern which Hank elearlnsa today compared with cor rcapondlns day Inat two yeara: IBIS 1017 1910 N. Y. ...B0.1.B12.III3 B.13.3B8,r.ln 480.1174. 781 rhlUdel..l.ln.371,0S3 $.18.084,39B 140,183,481 Ho. ton ,. 40.8H.I.II1N 87,03.1.410 37,3.1.1,701 Poltlmore 12.334. IBB 7.318.Sr,0 T.B2B 2.11 Kl. l.oula 22.328,223 20.871,983 14,079,161 DAR SILVER I.aat 1018 FJ"a"',5rn nrV.nlied'n h.,ll . . . Today Yea, Tu... HI, h' ' 1.0 ,w mc uv-"-- .- -- --..- i,onnon ipeei, 4a aula sn ihs power plants for the Government. N. York (rta.) SOVa 9014 0H 00a 83Vi Farmers & Mechanics' National Bank 219th Dividend We have just announced our semi-annual dividend of 4fo to stockholders. This is the 219th dividend paid by this Institution since its organization in 1807. During; this period' stockholders have received payments amounting in all to ' $14,137,000.00 We have also added f 100,000.00 to the Surplus Fund, making that Fund $1,450,000.00 487. iiiiuMiiiiiuoiiniDwinnn 119th Semi-Annual Dividend May 7th, 1918 The Direccors have this day declared a semi-annual dividend of 10 per cent. Checks will be mailed. I CORN EXCHANGE NATIONAL BANK PHILADELPHIA " Chestnut at Second tMJllMrK,IUB4W(MBMliy. w 5IW, , 'i. .!,
Significant historical Pennsylvania newspapers