MmywwmT.
fy'
--J-
WE'WS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICEl
I0 .EimERHlfcAD
f
Hc Utility Bonds
(r War and Peace
UBS of well Lnnwti P,slle
Utility Corporation!, thoroughly
n ana reaaur eaiaoie, can now
Thased to iekl from SW. lo
I thin Hi?,.
gMtou ant ai Investment for
Bwlr and Tince. irml fur mtr
l of r arefullr KlecteJ Public
Ky Bondtv.
4afc lor Hat l;;.fa
1 -. .
Nationa litv
? Company
iCcrresfondent Offices in .V CihVi
detp.u 1421 C-Mtncl St
ri.; Teipnone- -.Vw 10 ait
d-Short Terbt&otet-.ieeeptanre
BUYING AND SELLING ORDERS
RESULT IN FREQUENT CHANGES
IN BIG NEW YORK STOCK MARKET
New York Stock Sales j
. , . HUM
Advance Rum 16 s,
hi pief . . .. 3!
A a sk 11 UnUl M 1
Alaska Juneau M,
Allls.chiilin Co 31 H
tin llfnT b.
I Nearly Half Million Shares of U. S. Steel Coininoni:! fe "ui-f j
1111 prei . 117
'Am A FU c 7014
'! lilt a I..
Change Hands Sliorlh Compelled lo Cove
tilleih at New High Heeord
-Dis
Tinw
Iffi
3!
1
l"l
38J,
III
731,
lit.
in
18',,
a.
gi Points in Today's Financial Notes
Tirir 11m ifiiiMimlf hrnvii linillnn "'" .Vr!'' Vnrfc .S'fot ? 1,'ji iniirjr,
trlh 0lriVri 011 fii(i rffn tmtilitt limn; rliaiwci Slrrl foiinnou nn- mi
UBHntlil nrllir, rrirsiilnrltil nilH timlttin on Ihr Curb I Itr mil tnnrkrt
icm nnirotr Ctittnii mmlr nn ntirancr Nit lit rj-cimifr not .ilinnprr.
Vnltctt Mute Ktrrl Cm lornflmi'.- unflllrd tmimiiir irimf ni '1 I i 11 M
sliottnl n itrrtratc (it roininrrrf ilfi fin( 0 Vnrth .11 gprrlal ltd Cron
illililrml no- ilr taml b)i tllirrlari nt thr lhii Vantlrr fVniipmi; (if
alfrrr not miriinnnrtl lit ,Vir Vort on Coii'mi ,
as
:io
.Ml
&
-Ve.v Wecfc s
I War Savings
I Stamp Pledge
fWeek. Prom-
ey.0.0 A,.,. .
' (oc tv iiiy uk
you COH.
E This space donated by
E?" Trnzlpr f'11.
r Broad und Sansom Stt.
m
.-.si,
i'i'
in
i.7'
Kll
I!
mij
ii: 1,
Hi',
.Mil
.-.H4
IH'h
Kit)
l.'l.l
!lll
It'll
ISr Dlrfct rrltutn Vlff.
IAanr lork riltfiuiircli Chester
ENTION
l('ShouIJ b Blven to th rrcunt
It rtTinrrv
i'tt; 1 c e 1
uudhcq jiaiea jikci
i; If aid win Locomotive
uuruss Aeroplane
liWtight-Martin Aircraft
..United Motors Corp.
Chevrolet Motors
General Motors Corp.
IPhila. & Reading R. R.
rumica states atcamsnip
rV Special Teportii on lh above
irna lor im kbhiiik
islow Taylor &Co.
MembrM f'antnllfliiteil tftck
s) arhanre of Isew ork
('4J Wldrnrr Bldr.. I'lillu.. fa.
Walnut U5 ainut oobt
ChMtfr. ra.. imm.
.1119 f ns lll.i
.,! "' "" v:vi
B "r 1111 I'luin ""1.1
li-
Ne Viirli. Mn I".
Ill caiiililpm' Irimx, loiln's mnrKel wns ono In which iicmly ci
bodj rotipeniptl phi eel with hliic rhlpx. There h ix pIiIiiiii hnoti 11 time
"hen onleri on hnth lilo of the miuUet were In mich hlocl.1 us leroiileif
In IoiI.ij'h tr.idhit: SlieiirMin, llimmllll Co, up lo '! o' lurk, wrie rstl
iniiteil in hne ImmirIiI fin.oon hh.ires of t'lillrd States Slei I 'onimnii. mill
ninny broker h nl bu.xhiK and 1'lllnK onleis for ,'niirt mid 10.0fl0sh.no
loti.
The rale of St'el for the dn iiinounled to nemly ,riim,ono Mmiph and
It was understand tlmt. while the iipiiv nrriiinulaUmi lij stroni; IntPiPstH
wan In pioRipxs, 11 Hup of Klimth wpip foiiPd to iopi On thli tiadhiR
the iPider i.in,'(ed fiom 10 to ini'i niiklm; 11 new IiIrIi ipiohI fur
tho pnr.
Other Mppi IndiMirl.iN tnovpd In thp i.(ine w.i, with U.ildwln l.nn
molle ranchiR fiom SSi to 8"'. .itid Crnclhle Stpel tiaded In frnm Ci'j
to 7fl!,
Ilit hided In the if.ij'n I iiiiih.icI Ions wn the Uoions slrencth shntMi
In Jlxtlllprs SeriiiltlPi, whleh. aflrr -ellliiR at fil'. iiinved up lo utui o
TiU, aR.'ilu ninltltiR 11 new hlsh iprord kIiiip IPO Thp .iiIoiih iiiIiiiiips
wpip followed by KUddPii and estPtishP reat'tlon. but with 111" tltni.intl
lnfrealiiR whenexer rerpHliiiiB ott'UiiPil.
In pome quarters It wan thought tint the ptisNtpnt aceiiniiilitioii of
atocks muft ipstilt In an Inripleut heir p.inlc. iih there seemed to be no
recourse for lhe shoits etppt to covpi ami take ln.-,i.., no ui.ittti- how
dlviKtious they mlclit bp.
Thp lallroad iiloeks arled coiixtautls in tone, with I'nlon I'.n lllc
athalichiR to IL'3 and then iliopplni; to below IJt. In Hip lain ti.idliiR
ReadlliK becanip pHUulncnt ami. after reaPthiK mine than " potnth to .
ini)pr up lo SS1!, with thp bu.hiR on the itdvancp of an lmpipxlp
charnctei.
Ncarl) all InlfTi'Hl In the bond tnaikpl wax ipot(d lo Ihi I11III1I
tradlliR In tho thhd I.lbpit Loan DenhncM in lhe new I1, per tent
tioefnmcnt liontls slnittd at !i't in. bill theie wax ,1 )irp-xiiR supph
from out-oMown bankx, on which the prim leliled lo PS la. Tin1 Is
r.HlRed fiom 95.H0 to lt." 7"
LIQUIDATION FOLLOWS ACTIVE
rTTArT1T' 1TT rilTTITi lrrmi i 1 mrivn do pref am
. . I nt Mer Matlne .a'C
do pief !ll.j
Realizing .Sales Make Movements Irregular Suhina- Vm vsiZ- m,
Kan fin .so in ,
Mil OlIOIl fill !tK
I Am hv Sep .ll
, do lirff ant
Am Hide . Lea is
do pref nil''
Am Unaerd 34i
Am l.oininnllp K
'Am SmelthiK i
mi prer
du pref A
Am Sinn Tub
Am Str.l nit
Am SiiRiir
Am t S. T
Am Tollmen
do Pf new
Am Wool
in 111 r
m HI110 K l.d
Xnaeonil.i
Atchison
tin pref
Allan Cn.ist I,
Minn I! A. V I
KnMwIn I ,nrn
ll.ilto & uhlu
lo pref
Haunt 'o
Huh steel
In II
. lo pel pr
I Hklvn Itap -lr
Htirnx llrox
Hiitlp (' '.
Hutte & Mm 1 .in
ii'nl Petroleum I?
do pref iKia
I'.inadl.in I'.ie lim,
I'al r.ickliiR 1V1 tan.
1 entr.il Leather iik'h .h
1'nni ill- I'.imo lilt. :tl j
i'Ik's (v 1 Hi 10 an 1, ait,
1 hl ut Wet ;i '"'n
do 11! ef ! i ! 1.
nil- m iz t 1
In lilef
,1'hle A Norlhn !i I
fhli It I A I'lf 21 1,
I tin p p pf I 1 VI
in T n 1 pr t c it,
il'lllle I'npptt Ihi,
'hltlo Coll Cop t'l
1 Col I'm-1 H. Ir II
'nt ij.ih i,i(p an,
Cnllsfil li.is HM
Cnnl Can i.K
Cnr'l IMoihlt t in,
'Mil Idle Mirl 111',
I iIt pref ni
till., 'ap sue am,
, do pi, I hi It,
I'el fltll1.oll ki;i,
le ltcl, f. V? Ill-.i,
I'' 11 A It l! pf ni,
Dlxtll Sectii .-,,
Ile -,,
I tin 1st pref al
00 :'d pirf .: n,
ti.tx Willi mi ,m, .11
itien I'.leelrlt Cnllt, I Ik
lUuieiril Motor I Jim, UK
I tlo pit f ;, hit
Uornlrlcli II r 4.i,
Ot North pief 'iii,
til Mil lire loih 31 S,
t Jiepfie t'nn f 'op II
Hit ARrlcul
jn
mi
.1 1 V
nol,
Kl
laaij; IIH'i Hl'l
!!', MM "i
130 IIIU lllifc
11.1". IIIVi tl.l
itai-i, ni'i
Sin, iih 1
inn
II-.
a Ox
in'.
1 1 'a
11 in,
KI-,
i
l!)1
111
aj
ftl'4
111
HIT,
limn Itiii'fc liiflM..
1II'(, Ill's
m
11
111
IHI.
IH
nn,
it'.
N't
fin rite
m t-
31 t
ti '
"t
. n ,
LI'S. - '
in ",
SJ'a '' I
3H
n, '4 t
nn 'a '
Sl'fc 'i
Mlli '
Kl'
TRADING IS NARROW
IN THE CORN MARKET
Prices Make Frequent Fluctu
ations Within Comparatively
Small Kungc Oats Decline
niii aw
inn, ..
Iiir I
in I
ai' 1 i'
ii' '-i.-.i,
"
UT!., ' la
Xli, 'a
Hl N,
ll i3 ,
lull's I'k
HI", 1 !
.!, '.
a 1 1,4 "i
1 1 1 1 .
mn, ti, I
mp
i.iims nt.r.T wr.vrniK mni.c.T
( tilritan, 11a, 10.llltnnls nntl Missouri,
fulr liinlchl mill xnttirtlnp,
U Isrniisln .I'alr anil rcinlllttiril font to
11UI1I1 suliiriliti irnhnhl fulr
Mimipsotti l.fitfralb fnlr Innlant nna
iiliirtlm.
lnua-Vulr nnil rnntlnt.ed tool lonlaltt,
pr. sIIbIiIP itiirniT In extreme rsl
itlordrt, litlflh rlnuil.
Vnrlh llukiiln (.rnrrnllr fair lonltlil
and ntiirdm wiirnifr 'ntitrilni.
smith Iliikflla, eliraskn and Monl 11111
lirneralh f.tlr tonlxlil itndaysalitrdnx.
Ktotsiis f.rnrrill, fair fonlitlill s,,tnr.
1I11 In, rf nsln loltdlnes and uarnirr.
Mtonilnr Itnln or snmi InnUlill atttr
tlit somruh.it uiirtnfr.
Sales in Philadelphia
lllsli
Am Jinn. , .
30 liild l,op 8.1
IU S I i' l
ao nn sti 11 m
Cnmb Irn
a i:iop stor lOH
110 IMst Sec r.7,
I.HJen Afi I Mi
lo pref . .
Kej Tel
051 Mi Sup C in'4
sun l,ei Na. nn
31 Irfll Vnl . ni
SinMliltnlo. I't'fc
31J Penn It It 4P',
1.11 Pllllll CI,' 2.1'f,
;nn Pitta Coal .11
P It T.
311 do t ' 30
.la Phlla Tre 07
30 Iteaillnc HI
ao So Hj 31
13" Ton llol ai,
in Ton Mln 3
t ti 1 rae
110 I HI All
tonin 1 ,s stl II
tiw
NM I
t'lijie tlia. I
1.1
hi m -1-mi
at nj 43 1
HI !4 H14 l' I
T"V4 ..
IIH4 in Mi m
ao r.T 'i
1114 ll'i
tlH
a
10 10 'i
Bl4 00 t-l
nm,4 oo 14 ..
40 IDl 1 'a
11 41 '.
3!' '(.
.11 .11 V4
fS.l'i ..
311, sail '
0; m
HON,
31
STEEL AND LAKE SUPERIOR
MAKE UP BULK OF BUSINESS
. ON PHILADELPHIA EXCHANGE
Shfireis
of Uig Industrial Corporation Advance Above
UO-vThird Liberty Loan Starts 2 Points
BelowPar. TlicilTun.s Upward
Vlitiiallv all attrntlon nf tho local financial illstriet In stock trading on
tho Philadelphia pchatiRi. today was rcnterod In United States Steel com.
t; mon and l,ake Superior Corporation, while the llitlns mill llrst sales of tho
. I tlrW l.lliorl,. I ,.i. II. ,.. .... l.n.l.i , .. ,1... ..iilelnnitlni fallfn nf tl.A
j,rtH i "" .,..ii 1-4 'V1 SVIll .sums .ll.-l ..lu .ii..c.,u...,..i ,u... v, v.i-j
qa . oon,l U Moil.
' TIipic wax a stroiiR douantf for Sleel at the tipenliiK, and It fiulokly roso
ito above ion. a new top prlep for the oar. anil, nlthoiiKlt iiroflt-tdklnK set In
ay, 3
tm',4
",' i"?! , "JJJ" T J(,HT"' 'Miiaed a sptb.ifl; for a thne, renewetl bujiiiB nfter the renllzhiK had run
hi" hi, hin "1 "H c"'"'Ne biought an Immediate icroer. when the leader advanced ns IiIrIi
13
111,
i'a
:i
axn,
1. 11
10
1:1 1,
1 1
at
H'l
tot
itiij
llHIn
III
.'
Mil's
I nil 1 j
101
III,
ao,
111,
an 's
',
31', 'a
IJ's t
It's
111 4 'i
31 ',
.111
1
11. M.. I r u
3 Wext CI "in In 10 0 ax llO'i. n C.lln of tirnrlv .1 nnliitu .v,.p Inst nlfrlilM i Inxlnir rillntnlloo. Salpx
".ioMt...nKHcnlaje3terd.ij close , ,, , ,n,,,,,ftprMnon ,,; ,,. UnMvl ,,. ,., ,, ((m)tlcr oft spcl
Toi, 1 sai,s 1130; slurrs, mini, trrd wllh ' "-el In totaled more than MOO nluiie.
Sup. 1 lor wax b far the most acllp hoinp Ixxiip. atnl, allhoiish It chanced
hamlx at p,tpnlj's pIosIhr prhc bpfoie the noon hour, soon after midday
tilde wax 11 la-pline of i, to ill.
Then, was fairly larRp triidlus In the Liberty Loan i4x anil tho price was
llirlhipil to bo lower on tho local bo.tid than In New York. K.irly k.iIch In
odd lots nine out at ns, anil theie wax some suiprlsp In the Strpet bccaue
of the drop of ; point IipIow par, hut that bettor quotations may bo expected
wax Indltatctl when a block of $17,000 was bid up to PS.B;. Transactions, in
thpsp bonds totaled inoro than Wfi.noo. rirxt Liberty Loan 3',i took on
iiimnnl pouiie atlMinchiR mof than 1 per mil.
liapld Tianxlt trut eeitlflcatpx shtiwetl little effect ot the end of. the Public
pprilre Coinmlxxlon hpaihiR on the new lp,ie and the underpins transit
Isxiips The cpitlllcatps were dealt In moderately after a slow opcnlnc and
l'x '.a i sl,BPeI "If a little to 2.i(l and I'lillddelpliU Tr.ietlon mine out unclunRed.
, " , ,, .. Liilnn liattlon did not appeal on the t.tpo diirlnc: the session.
Inljl sales, It, inn. inlnnirril will fl!0l .. .. . .......
wis enintiiilpretl The latter app.trentlv ""lenini urns rur this ns, si i:.!ii snmr . ......... ... ,, ,,,,,, iiujiii, n n.uuuni i.iu.uiioiup, nun rumors 01 a.
were disappointed ii.it th.'.tarl artlon of ' ' "' ""'" ' ""'"" po.tlho meiser nf Ilildwht and .Il'falo subsidiaries were thoURht lo hale
tin. in iil.et About the nub demand
t litrnxn. May 10
Professinimlx re the thief operators
In the porn market tndi and as a result
tratliiiR was rather narrow Pi leex J 13. n;n shares tesierdni thus far this wrrk
m.ule frefiieiit Hut Illations, with a mm. ;,n;1'j.J,', """"I '" l'i" '""I "" '"
UI lllll I'll MllHIl r.llll.1' llllimill ii,ni.i
the end, when pnmmlssltm hoiixea ceased I '' JJ -,,
bu iir the market i.m off ralhtrj mn m i;.l,
sImi ply j r.s IR :h
The exports if torn for the week, soon KIAPTrla 13', 13
amounted In 1.325. I'm bushels, com- limil I, Slip HIP
V'r . ...irnrl Mill. !fl!tf. 117 l.in:lits last week! 'x .11
131 " ",.ii.'l t 4I-.3.IHO buxhelx a tnr aCo ,nnn ' ,"'!"', ,
'4 . The openlnif on Mai wax M 27' . lhe 3(mn Lib HontJs
in i niRii ti '.',, the m jr;i'j aim iiipi p4, t,; :m OH.311
""" elnso $1 27s,, an atbant of 'ie .lull 3300 do 3s3 ti'i.HI OH.-ti iihIIii
' , ' 1 started at l 17' and t losed al $1 t R i , son do 4s !i!.an man m.an
IIH, Til. I "1 41'a. the lowe.t ...mp.lied Willi 1310 do 1st lh Bl.Hll 'll.RII 01.HH
lit i.':Ul 17- at the end on Thursd.ij I ,nno '"i'""",, , . ,
.ll i i 1 fter a eomparatlu'lt stronc Ftiirt , 0iio WeislMeli
.1",4 I the matket for oils dei lltipil on prex-j , ,. ... n.. .,.. mi:
.11
Vet
t 1 ii. liar
H 8
.11 I-1 "l
H1'5 .
the maiket for mis dei lltipil on pres
sure from local operators tin the down
ward moo ll'itild illon hv tired ImiKS
0is Sli.
iswertng
litiries
-When an inveator'a letter
PA" receivea Dy na tne com
n 'wunication la not only
yaaiwcicu pi uiupujr, uu,
K treated in thorough and
tri exhaustive manner jutt
?.the kind of letters you
IVll.l , . ..,1
t-.MHV IU IG1CI1C) SIIOIO
1- '-- !, I 1.- ...
rx'si J fW.I.S use. suv
erea completely.
ide ourselves on this ser
ane of tho many advan-
l.'we offer to traders and
ri, without obligation.
'ott on our Mallinn List
Mr Weekly Slarket Kcvle-wl
St.
-sjl
rinc Gains. Then Deelines Lake Torpedo and
Lima Locomotive Become Prominent
New inrlt. Mai 10
There was brisk tratllns nualn tinl.ii mi the Curb, but with ipips
slons after e.ulj niUauces In a number of the war stot ks that hail been '
the strmiRest fentmex In the preceding part of the week. ItealUhiR sales
In many of thee Issues were, however, followed b lcoums buliiR of
other stocks, making the market mm omenta Irregular, with some. Mold
ing, while others) made substantial gains,
r The highest trading timing thp gieater pait of the daj was in Sub
marine, which moved up eatlj at m'f. and thpii leltllng to I7i4 under
the prexsuie of a considerable amount of ipjllzing hj those win hid
jolneir in the upward movement.
Aetna moved In the same vviij, advancing to 1.'. ami thru declining
to 11, and Wright-Martin, which movid up fiom lo to 10, te.icted tu
below 10.
In most of the stocks there bail been a newlj cieated long n whlih
was eager to take the substantial protlts which lesultetl from the vlgoious
biblng In the last few days.
Kike Toipedo. whldi had been negle.tetl foi some time, becamo
prominent, advancing from A' to r.', and theie w.ih bti.vlug by some lu
tetesta In Lima I,ti omotlve, whlrh lose :t points to 17.
A stiong tone was shown In several of the independent oil stotks.
Houston tanging from 12 to 13, and .Meirilt advancing lo 21'i, the highest
price reached. In some tlmo.
Kellv -Snilng 11
Kennmitt Cop .IP,
I I.ieka stenl, nun,
Lehigh Vallev ni
I.lg A ,11 Tub 151
Max Motors. , 3
Slav Upt Stores .11
Mex T'etrnl HJt
Mldvale Steel I0'(,
Mill M Stl, iipw 10
1 Mo Kan A Tex I ,
I do pref . Hife
Mlsso I'neltU M
tlo pref . an,
. Nat Acme 3Ji.
Nat Con X. cab io
,at Illseiilt ni
Nat Hiia A Stp .11
N'.it Lend .181.,
N'ev Con Cop 301,
Vew () T & .11. 3(1
V 1 Air Drake 13014 tao
New lork Cent 7.IV& 1JV,
XV Ml X. II 31 31V.,
I N V (.1 & W 3in S1H1,
in,
mi,
mi's
n
la
IHI,
a t 's
i'i
Jl's
IIJI,
II
311',
lii,
II
3J's
Hllj
till
171
30
.1.1 1,
no
18',
JO
l"s
S'i,
3 JK.
.14
3Ji4
10
01
.11
.IHI,
in'-.
30
r.11 1 14
IBls 's
II', 4- ',
ll'fc '
:, 1 V,
H'l I
(H
In in A
'i'. N
!'l
IIH I I I Is
Hl'z I '.j
lllll'V
101 I I,
0 1,
a: a, S3-1,
111, 's
Hi's I,
3 : 1 1 ,
n ',,
iih 1,
130 ',
"01,
41 i, 'i
tame fiom scattered coiiiinlsrlnn houses,
who piirch.iFed lather freelj whenever
tho offerings hrctnip heavv. and as a
result held the 111 irket 111 ehck to a
errlaln extent InSu iW"
I May opened at TC'ic '111" high was J,,,'," .,,., 1 ,
70',e; the low "l'si- and tho ilase 7l's I On 1 rrf
1711,0 .igahist 7f.'.i- on Thin day J!;J;Vr(," 1,.,
, .llllv 't.iltetl at the hlRilsl at l.Si.c: ,entH v-phTlt
the hntloiii wax ine, and the t losp On 1 r. f
thli, irr,iap At tlf mil oil 1 htllf tl.ij j ,0",ir',ifsl
it wax l.sp , 1 nhs sin. 1 ore
I.mi'Iiiir futnr-s rtnc'il .-.. frilni," 1 l.rblli Nut
r.. I I rhlKh Vnl .
tlpti lllcll I.IM1 t lose 1 !nl l.ehUli Val Ir
torn tliiw .tprril- 1 On pri-f .
Mm I 37'a I J7'. I .,7'jtl J7l 1..'7' P. una 11 It
Uuli 1 IT'S. I IT1. 1 I .' 1 1.', 1 1T" .milt I'.lfi
Local Hid and Ashed
lrser.li
Ml.l .Vsl.
17
MS
I
I I
,ls
I..
i;
si'.
I''
11
Is
ID
M'.
ID',
II
helped cause good atlvanppx In Ihnsp Issues parlv In tin. ilu l.nt .loiiluta ,. r
made from Important Intel estx in New Votk toncernlng tho mergpr discus
sion, and neither of these stocks showed much activity in the last half of the
session.
MufTalo and Suiuphaiina trust certificates advanced ?. points on a small
sale ami Lehigh Navigation was marked up 1 point before the end of the clay's
tiadlug, but otliPi tiansacllons weie uninteresting, anil ilrtuall all price
chances bp'ldts lliiis,. mentloiieil were few, small and ltrogul.tr.
2I
Mining stocks were neglected.
IMILKTltl M.s
Norfolk A:
N'orth Pacific HHL,,
Ohio tlss 41
Peiiiia It It II
People's (! t I' 14'i,
Pere .Martpitte I3'V,
Pitts A VMst . 301
tlo pref
Pitts Coal
tin ctfs
Plerte-Arrow
Piess Stl t'ar
rty stl Spring
Uav Con t'op
Heading
Hep I & S
ltnval I'titch
31
I.I
I -.in
IS',
111, I,
7', t
31 '..
!I3 ',
II
311", l4
till, is
II 1
IJIj 's
an, is
mi i.
ua 11
311
.11 U 4 V
up, 1;
ihi, 4 '
10 4 1 j
n.
H'n t i;
33 V, l;
.11 !
13 'u
10
01 '
.11 4 ',
.".HI 3
30'j ( I,
30
I an 1
7I'4 S ',
aia, i
301,
fljts .
' tlo . 70', 70',
1, JllU . I.l'j S',
,' l.ar.1
' ,Jlil
., .I11I1 SI sj , s; ;
'i ' Hlls -
'S 111!
ij Jilh Jl 17 SI I
- I Pork
. Illni 111 Ml
" Jul. till '.-I 117
"v I Vike.1 JNnniln.1
71',
l.'Pa
70'.
I, S',
IS!
JSI01
SI Jl t.'l Jl
r. so
tn 7.1
ji in
Jl 7
riill. fii !', pr.f
do 0', prer
P II T ir Mf
PiaihiiK Tonoinh Mel
TonniMh Mln
rnioti rrhctlmi
I' ll I
P M Se
lork Ittii
1I0 pref
VV v'r.tnui A Sons
17
an
II
V.
s. ,
SI.
a A
s'
1..',
1.1
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7'j
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!
37
31
.'I
l
Ills',
lt
IJ
III'.
If.',
II
3j'
s7
.!
I"'
ill
1H7
7'i
11
I'l'j
.',
I.I
Pi
37
II'.
IJ
so
New York Bond Sales
107'., innva loflUj 1- tit,
sua, '
.tni, ",
14
It
IJ0. 4 t,
3'l'4 4- "
1.91.4 14,
an, a,
HI it, 4- 14
I0'4 ..
fi N "s,
at. 14
3.1 S, 1,
Kll II.
70
.14 1 h
HI',
IIWj
1.0 u
3.1V,
H7i,
Rll
p&Deery
Cena. Stntk Ex. of N. Y.
ntr Bldr., PkiladalpMa. Pa.
I Bell. Wal 40BO Kara 4080
Me.Y. Oftlrr 30 Ilroad St.
rrlvale lvirej
SECTARY Of ACrnirTAN"rg
4trtlfled Public Arcounlanta
aWRENCB C. BnOVVJ 4V CO
,KAU U91AI1, J,IU31 llI.Dti
HATE a. ADJURT PARTM.iisiiit.
TIOM A DISPUTED Ari-OIIN-ffl
1T. AnVTJtTIIKllKWTS
ftlAlt. Otf bUl.UJlU.Si (.K.KS.L
tl, dweaard Lettera tratamant.
1 acova eaiats navlnx been Granted
deralaned. all Deraona Indehiea tn
eatate are requeated to make pay.
, without dalar. at the offlee of the
ucvuiu4. aw t.ncaiou( it.,
IMOM OPPENHEIMnn.
VlUbNT Lirti Anu T11U8T COaX
X OF 1'111UAI1K1,PIIIA,
aoa p. vvinu, i'rraldent.
Executora.
Kid
Aetna Lxploslves 131,
Am Brit Mfg 3
Am Marconi 314
Am Writing Paper . . s
Air Induction . oh
Canadian Car Co . 3.1
Can Car &. Ktly pref. 7.1
Charcoal Iron 7'4
Chevrolet Motors . 110
Cramp 1-
Curtlss Airplane . ,4"4
Cam en Tool
Carbon Sleel . ..II J
Emerson Fhono ... s'.j
Federal Dve
Hendee Mfg 1"
Inter-Lube . . I
Kathodlon Pronre pf. .
Lake Torp Boat. .. H
IrfhlRh Coal Kales . sti
I Lima Loco U
ft.l S.i.nl.lnMM -T
..luailll ...uii.i.uita , 11
h arlln Arms . 70
I Y Shipbuilding-. . 40
No Amer Pap Pulp . 3
Otis Iterator 4S
Peerless Motor .... II
Poole line no
Redden Truck
Scrlpps Booth i . . . 13
S S Kresge 1 80
Standard Motors.... 13!4
Steel Alloj.x I
Submarine .... 17a',
St Joseph I,ead.... IS
Todd Shipbuilding. . . 83
Triangle Kllm ... a,j
United Proflf Sharing a,,
U S Steamship,. ,. oa.
United .itotors . ... 3.114
United Sugar 30
World's Kllm
Wright-Martin Air .. In,
.iiit: vuiii-ciii .. .1
lVs, rlnie
.k Isalel
3',
0
31,
3'4
73
30
7H
R
131
HO
3.11,
0
11.1
3
30
.1
a
HI
40
'a
HO
43
314
A0
10
70
IS
17
HS
13
7
a'i
10
H!
Ti
4
0a
331.
3.1
V,
10V.
1314
X4
131
sir
414
43
'.1
134
11V4
OH
3.1
0
I 'Financial Briefs
few York Bubtreasury g-alned
1 irom ine nanus yesterday,
, casta net gain since Friday of
W
ouse. who was asalslani n.
fer of sales of the Cambria
any at me nine the company
a 07 auuvaio nteei ana ura.
any. naa become maiui nt
he Philadelphia district of the
ei company,
1
ar for the niiarier nH4
j-ithe Chlno Copper Company
raiiaar pronta or xi,ist,:(4.
nun as.mi.-.u,; for the
last year, or a decrease of
1 Center Company reports for
'istext March 11 net protlts
Bfiuaai
,Wl
irr-
tO I2.1& a ahar.
f the. correapondlnx
(f r
Petroleum -dividend
Irftie MM by. the
Mr. Hew rfc oa-
latam rxr ravAAiji bvb .
ttb'.4or eaaahmeri
, lW. ....I, ., .'ttl.
iisi.
IUNtf(C8j ',",
a uaereeae
ItsH-iS
STANDARD OH.
Illinois 188 103
Ohio .. 834 338
Prairie 1'lne .211 377
Stand Oil California.. 314 318
Stand Oil N.J 847 5S3
Stand Oil NV 38 s8
lNDKI'KNIIEM Oil, STOCKS
Barnrtt Oil & Gas 14 "4 !4
Cnsden & Co ! 7
Elk Bun 014 az
Federal Oil 2H 1
inter petrol 13 iav4 13i4
Houston OH 48 43 41
I
8.10
303
Mil, I
) u 1 r u ,. 1 . s
i:.MIi:T Oil, STOt'ltS I ONT. ' tlo w 'l ' SB
Veal. 1 lose Sloss.Sh S ri I 0.1
iti.i ., ,,,,, Sinclair oil 3m,
331,, 33 33 South Pacific . 0'.
ion mi ltiH'4 l South n It 331,
4 i no nrer . , oiv.
Merrill nil
Midwest u
Met Petrol
Oh'o Kuel
Oklahoma Kef .
nice un . . .
Sapulpa Itef . .
Sequojah .
Sinclair .
United West Oil
urn.
an 14
4l'a
II
1J"4
30
tl'M,
.1.1 '
Hll,
.4IH4
' 1.1)1,
an
3.1',
Hl'
H7
7'1'a
IP.
311
03
37
H4T
lll.-h
Jlinnn Aiic-l'iencli r.r 'il ',
1.1100 Alchls gen 4s SJij
Juno All t"o I. 1st Is SI
7'H'O Uku II T .Is IS ''7,
linnn llonl, aux t.x sit,
Sln'in Ch ,v ti cv r.s R"
loon CMSP c l'x 71'
1000 lien II 11 ix f.r'
20011 Ihle c Is Sei 4ti,
1 1000 do Is Ser ft M '
' J8000 Uieneh R 5' s '171
.1000 In M Mai lis 11
33,lonn I Id liaml 31
3IHiinnn do is
130000 do 1st Is
J'i'iofiiin On I '.s
inntm Mldvale r.s ssi.
I limn Mont Povv 5s S'n,
1 noil N 1 c 0s 04
limn stl, ST Si a r.m,
anno do Ser H 74
I 2onn So P.ic cv Is on i
1 Vonn dn cons Is sni,
lono -ie Co cv ts it
1 2000 I S Itllhliei ,',x Sil
121000 11 s sti sk r.s no'.
1000 1 11 k t;n,u r.s 1171,'
I'ifliio do r.'ss ltpi 173,
ar.non dn n'..s irio sn,
1 RO00 tin f.'ns '21 'II 1,
I ow
ill's
SJ
R!
''7'.
R'lU
Rl's
71'-
sr.t .
ri'
'H.'a
"Ji,
S7
Rll,
'i I
r.'n,
71
nil,
RO
I'll,
rrollnilii.it i imiicp of thp twpiit.v fourth iinnual convention of tho Pcnn
s.vlvanla llaukera' Aisocl.itlnn, which is lo bo held at the Hotel Trnmore,
Atlantic Cltv, Tlnnil,iy nntl Urltlav, May 211 antl 21, was announced today,
Tho Tiust Company Section meets nt 3 o'clock p. m May 23. Thp Amer
ican Hankers' Assmlatlon members meet al . p m., and tho association
pioper at S.I., p. in , In he admexsed bv prominent speakeis.
VI 10 n clock. May 21. the convpntloii will consider thp hiislnpss of iha
.v. I assoilatl.in. the piesldent's ntldiess, leports from group chairman, commlt
ii', tics, etc A pat 1 lot p rall.v will be held In the evening under the direction of
1 ,'j, J liPoigt. Wli.ntnn Pcjipcr, nf this ell.!.
li'a 1
Many fay In Villi I-or icw Bonds
PHII Mill Pill'. iviiTive sTflCKs;' ,fr "' ucpK',,"1 ,hp Intertlng point In banking circles are the pay.
"",;, a" n-'ntntln" for Pi'cm; ! '"7,,M ","1'; " tl-n .I....I Mhcity Loan Tho r. pp.- cent Installment was pay-
stocks listed In thp Philadelphia Sloel- ,,,e vpslPidav, anif InvcsttiiH also had the option of making pajment In full.
se i:ch.111ge and In whi.h theio were 1101111111 look advuntnRf t.f the pi Iv liege instead of making naimciit over four
:'.:i!hp'1asr7:,'evicIos,!'n "rlCS R'Cn U lnM.Hlme.it,. as Inteicx, 0 bonds began ,este.da.
Checks and cietllts poured Into the Federal Kescrve Hank all day jester
tliv, ami this morning's nulls In ought further largo p.i.vments. The Liberty
Loan tleiMitn.ent of the Keseivo Hank vvtiiked until R o'clotk this morning,
tabiilitliig iiajments, und will woik lite tonight and all of tomorrow posting
tlgtnex The final llgmesf-inil propoitions palil liy pash, ,y crrtlit and by
Tieasuij iPitlllcales mnj not bo known until .Sunday nr Monday,
The KedernI Ttestrve Hank up to this morning had delivered S2,000,000
of the new bonds to cash snivel Ibeis, icpiesentlng nil Increase for the il.iy
ot about $17,000,000 This figure will probably be clolo to $100,000,000 by to
night nrat the close of business tomoi .ow, Judging fiom the demand for bonds
Thlx represents almost one-thlrd of the subscriptions in this district, which
are slightly In excess of $32.1,000,000.
1 lose
'il
R
Ri
"7i
K'll,
Hl'i
71'.:
t. li
lt! a,
Ml.
Anne T 1st pf 01
Aline lei Uo 54
(i War
Alliance Ins
Amer Ire
Amer lltvv
Am It pref
I Amer Mill
1 Amer stores
13 " AniPr Stra pf
OH.'II 118 on 08,01 I Brill .1 I,
01.01 11.1,70 01.RI 1 Brill .1 O pf
l.eh Val Tr pf 2'b
1, N ni it pr 1
7
48
l"j L V vvr w I..
10 Little Scliujl
10 l,lt Brothers ss'a
SO Mlnehlll . BO
7Ti Vorrlstown . 121
10'.. Ninth Cent . . 73
JO North Penm. SO
'.U Penn.i Salt . S8
2TJ Phlla Co . . 26
70 Phlla Co cum
HI 'U 'il.oj 0.1.110 Camb Steel 127 pf . . .31
nil. II 0H.4J OH.43 Cataws 1st pf RJ Phlli & West 8
t watts sil pr ;.i I'll & west in ui
Con Trac N J fill Penn Traffic. 23i
Ht A. B T 10 ItttVH Co lien 2
lit ni' pf 17 Cn c of N J.187j
Ins Co N A . J.!', ti I! I war.. 27'i
Kev Tel pref 50 U S Steel pf. .110
l.eh N'v right! Win Cramp 7R
full paid .. 50U 1 .1 Seashore 3 1 it
l.eh Val Tr 20 Yolk llwy .. Ilil1-
Leh Nv rights 'ioik Itwy pf. 01
first paid .. 17'i
i'i
07',
8Rt,
Rtt,
'14
r.i
71
(Ml',
RO
''0'.
70T,
00
Short-Term Notes
07'
' '
10
!H
071,
i'i
01',
Total silrs,
tn....R nilO .n.n....t ..1,1.
,!'." .irsirriuu 1 inns rur this wrek,
S37,OII,OUO same .irrlod list rrk. SI0,.
I.0CM, MIMiM; MOCKb
1UNOPAII
11111 Puller
l.Hi Namara
!Pi1
lllrr-ah I'M
llillltHIl,
Northern star
Itesi u I'ula
VVrst 1'jid . .
13
Oil,
8t4
"4
1.1
14
17
01s
'i
Hl(,
Ta
17
MINIM, STOCKS
Alaska Standard.
Atlanta
Big Ledge a,
mute .New lork. . a:
cat & Jerome . ij.
Con Ariz . . . . -
i.mma Consolidated . it
First National . . u"
fioldfleld Slerger . 3
Uoldfleld Cons . . 1;
Ooltlfteld Florence in
Ooldfleld Kevtanas .. 3
(Ireen Monster ... i
Hecla Jllnlng . (i,
Howe Sound . , . a',
Indenendenee l.en.l ,
Jerome Verde ... a;
Jim Hutler 11
Jumho Kxtenslon ... 11
.xicKiniey Darragh . . 3D
Magma Copper . . 33
Mother Lode . ... 40
Mines Co of America. 114
Nevada Hills .5
Nevada Wonder . . 1
Nlplsslng . ... 81,
Ohio Copper IJ
flay Hercules 4 a,
San Toy 11
Stewart a-.lj
Tonopah Extension 1
United Verde .. .40
West Und Con . . ,711
White Oaks
White Caps .... at
Yerlngton a
no.NDs
Bethlehem 5s sjii
Cosden Oil 6s 7s
Cosden A Co 6s tn
Cudahy Ss 94
Russian Govt EV,s... .11
Russian Govt CVis... 30
Southern Hy 6s sail
Sinclair Oil 8a in
(Todd Shipbuilding 6s, 06
in
ii
I
I a.
13
0
I
II
43
3.1
40
Hi
10
114
0
Al
13
7-33
III
41
81
3
.11
08
83
83
07
37
11
on
80
00
. htudehaker :t;
0 '.4 , Sup Steel . .4414
"a I Tenn C a r I7'4
8 1 Texas & Pac IB
'a Texas Co. . 1.1314
Tobacco Prod, ill
A Union Pacific 1 3.!",,
United Alloy Stl 4IV4
Unltid Clg Sto OJJ-,
!,. United Rws Inv in
".? do pref . lsi,
U S Ind Alco I3l'
'... ' U S Rubber flHi,
"ll' S Smelt & Re 13
'!a US Steel . Ill)
I do pref 1101,
Utah Copper . 83'v,
1 Va Car theni 47T
Warren It It Iflli
Wabash . 0
do pref A 43
tlo pref B 3.1 14
H71, 1
HII I 1
llss 4
30
1.3
.. s .
j: , , 1 iiomipikmi
.ll, I 1 ItNllta . ....
noit 1? i"1"' I'"11
Soa V? Ilkiotll .
3li, if, I riMinondnl! n p
43 , Vi I Ilalst . ..'
17 4, IKpitan., . ... , . ,
,n Urn
sxntieirirm Ivennan .
silver Tick
I
nn
71
17
nil
nil
II
tut
in
71
Pi
OF II. S. STEEI, DROPS
Orders on llniikn of Hip Corporation
on April .10 SM.WI Tons Less Than
, on Marrli ,11
Hate
Per rent
Am Cotton till .1
Am r 1 IsuMI a
IMItlniore Ohio .1
Ilalllmnre t Ohio 1
Ilethlehetll Slril Ti
llrnnkltn lltp Ir 1
(anHiltatl Par Il ti
f n S. Q I
Dela IlildFon ..".
Krle llillroad r.
Deneral Klertrle. II
lleneral Kleetrle II
Ureal North 1
i I . .uu tit
Pll
Set,t
Pel, '
.llllt '
.lub
Peh
.lub
Vtnr '
.llll
Alls '
vpr '
lie.
lub '
Sept
srpi
Pennavlvanla Co. I'i -lime
Pub Hr for N 1 Mir
Hem Urn V It ' J,' I'
30 x,
481,
1014
III
1.10 V, I, 10H
.10 .10 14. 1
IJ.TV, 131'i, 4 1l, SIISCKI.I.ANKOI'S
4 44 l4 lArllona l'nlted .
Ill-Is Dia, Nevada Wonder
n'v, III4 , Tecopa Mining ..
1 a 1 a j. ,4
IH
t'J
.III
III
III
111
III
HI
113
oa
1 nn
SI
-t'l
0
4V,
!
'ft
'i
3314
19
HIa
li
t
13
7-33
104
HO
Weft Union Tel a I
Westghsc Mfg 130,
Worth P & M.. si
do pref B . 070,
Wheel &. L i: 8'
Wilson Co . . .18
Will" Overld 17 TJ,
ISO 1 .inv
37i. .17'a
IIV4 43
1001, 10814, 4- 1,
110 1101', 4- 14
3V4 '4
I7", a,
1"V. '4
O'ii 4 !4
4IVs
33 Vj .
ill
43 4 ',
.11 4 1
071, 4 li
"'a
.17 - 14
17
HII4
I7'S
un,
H'i
11
3.11,
01
4H.
.11
071,
H',a
.17
17
INACTIVE NEW YORK STOCKS
Following are quotations for inactive
New York stocks ana m which there
were no transactions today. The Price
given lx the last previous sale:
A lux Rubber. 54 No
Am c : ! pi ii va .soi in Amer 4 1
Total sates, 1 .339. .100 tharra, compared
with 1.060.7011 shares rsierda thus far
this wrek. 4. .101.000 shares! same period last
wrek, 1,836 600 shares.
Money-lending rates
.-i?ir YORK Munev on the rail
opened at 6 per cent; high, 6; low, 3;
last, 3; closed 3C3Vi; ruling- rate, SV,
per cent.
In lime funds there Is no change
whatever Business Is of the usual
nominal proportions and the rate was
unchanged- at t per cent. f
Prime bank acceptances are in good
demand at unchanged quotations of 4V
and 4V4. Pr cent for eligible. The
financial community at large and the
rassrai business ulement are beeom-
t-fnf educated every day regarding the
...FrhsiV mercantile paper Is somewhat
slow at t per cent.
: n
rHIl.AM"HIA. Call. I per crutr
4aWte'. 4IV per 'cent Commercial pa
r, tkrea M fewr month; (0s per cent;
tx miHiUui. f per oent.
p A 1 , -
' ... , . 1 '. .' -rl ..
-
FOREIGN EXCHANGE
New York, May 10 On a very mod.
erate volume of business, the foreign ex
change market showed strength In gull
der and Swiss. The other lists, while
quiet, were fairly steady.
Quotations were:
Demand sterling 4.75.41, cables
4.78. Wxty-day bills nominally 4.73;
ninety-day bills 4.71.
Franc cables 5.6i, checks 5.71 U.
Lire cables 8.03 ',4, checks 9.01,
Guilder cables 49, cheeks 48U.
Pesetas cables 28.10, checks 27.85,1
Swiss cables 4.12, checks 4,16
Stockholm cables 31, checks 33 ',.
Chrletlunla cables 31 IJ, checks 31,
Copenhagen cables 31U, checks 10.
BANK CLEARINGS
Bank clearings today compared with our
reavendlnx, dar last two years:
- s, iW jt'tT. '
Am
rtll Anmn j 1
Impress. 78U Novo Sea stl 62U
Am Loco pf . 97!j Ohio Od rUs 6g -
Am Malt .. 8'i pnt Silver . jni
Am Malt pf . 45'i Owens B,Vi , 61 '
, i,,e.t n . 09 Pac Ji.,11 ...
Am TiCa. 55 Pacific T S. T "iit?
Am Wr Pa Pf 22 Vj Pan-AmSet pf 91a;
Am 7. & I Pf. ',5 i eoria . i;ast -
:r6.rp.f:MHPbHeascrp:27
A,rpref.N 2,4 ?st,rcra?fpt99'3
BaldV JJf- 9,7 Sali" . -1 18
llatopnas ri j."rr v-r
Kx dividend Oreene-Can Coffee, -j. Amer nkln Un Oas.106 Heading ist nf 3K
Smelt pref. 1. . Nat Knam and bipd, 14. I JJ ,i T Shoe . 65 Reading 2d pf 37
Central Lr Pi.t"a Sr" '. ,s "' 97Ti
Chan Motors.. 81? Ry stl .Sue t 97s"
.1-. e Alton.. 7 Savairn A.n ,-.1
CCS pref.. 80H Saxon Motor,
lire
o
Dot .
Sept
Aus
JlllV
June
Mav-
Apr
llch
Keb
Jan
Pep
Nov
t)t
Sept
Ana
Julv
.lime
Mas
Apr
Xlch
Peb
Ian
Iter
Nov
Oct
Sent
Mar
tie.
Hept
Krb
Hid
IS 'lilt,
PI Oft'
IS. li'l;
111 list.
Pi t'7's
tS 07.
31 l'7'a
Jl UT,
JO Ii7
111 liai.
pi Hum inn
SO llinv, 100",
Jil f74 !x
ill 071 ss
ji ins nc.'4
it ni',
in 'ti'i in
in ss', nn
is inn mnS
JS Ml'i s7
in 0'iH li't'j
Ak
mi',
in",
tin',
nsW
ns',
074
IIS'j
III
H7
ni
snulliern rt
P S IIUl'tiT
t'lall seiur fori. I
vv. ,t n . m t'o 'I
KORBION- l!OV KRN.1IKNT SKCl'RlTinS
XrSJnt.n- OoVl n M-r JJJ,
r,B.dl.n ii - SJ'
"T"iJ.V::liK Xnr -10 '.
nn",
HtlS4
SIP,
n7
.n lork. May 10- In Ha monthly
statement Issued at, noon todav. the
United States Steel Coiporatlon icports
us , tinnned oiuerx on us noons as or April
til 30 last of S.711.RS2 tons
"7 1 Thlx i omp.ires with 0.056,106 tons on
11 March 31 last, a decrease of .111,524 tons,
"-and with 12.183.08.1 tons on April 30
1916, the IiIrIi record for tho corpora
ns ' tlon
n3 Monthl comparisons of untitled ton-
nago since January 31. 1913, follow :
Month of Tons Month or Tons
Apr ints S7I1SR2 Ana 101.1 4 niis.411
Mrh mix n nv. nm jniv Inn I iisa.ain
Feb. mix, ti SsH.411 June. loll. 4 07S.1II6
.Ian ini ii 177 sn Mas. mix, 4 sni .ns
mil n.asi ,is ,nr inn. i. iiij.su
1017 S R'I7 100 Urn 101! 4 Sll.7111
11117 il.lllrl.117! Feb int.! 4 .111 371
1017 tl S11 477 Jan.. 11115 4.S4K .171
lnl7 111407.040 pee ini4. 3 H30 1143
1IH7 IHRI4.14 .nv. ini4 .1 1JI..HU
1017 11 1STJS7 Oct 1014 3 4H1.II-I7
11117 11 SMI I'll Sept 1014 3.7K7 1.117
1017. IS IRIlKl Aus . ini4 I.S13..IJ1
11117 11 711.1114 .llllv 1IH4 I 1.1S !Mi
HUT II r.T.I 1.117 .lime 11.1, I 111 I ,11
P117 11.474 1114 Ma-' 11114 3 nil5 S60 I
ttllrt 11117 211 Apr 11114 4 S77.HH8
ini'i H n...iij Mrh 10 4 4 Mij.! .. ......... -,.. in The Treasury
inin in in i .-ni' reu inn r. o.'it 44ii vi asiiiiiai,'. ..Ktt ,t.a fotif-ii-
liiui. ii us 11 Jan. him I mi i-.sn ' n.n.irtment has made pub lo the fplitvvv-
nii.sian unit '"" "10 -l .4
Ruaalan tinvi. a .. .,, .,,
ftn K St tl II !' Nov "Jl l'4'i 04S
Convertible Into long-term bonda.
WARRING NATIONS DEBTS
Total Gross of Great Britain More
Than Twenlv-seven Billions
nun ii in I'rr mil. i -ja.'.iiis .,. The London i-oiioiinv '.'."".
inin iiVHV'JNov Hill, 4. Id0ai7 I tr .,'," ihr. total Rross debt of Ureal
nun n nm us on., inn 4,an 707 .'V.. x"? 636 000 000.
vn 11 017 7tix Sent 1011 .-, nm 7si Britain at $.7,6 Jh.uni.utiu. ... .
inni 'i.i,.ill Aua 1011 a.ssi ins I The Krench Mlnlslei or j-liwnee ir.
nun 11. 111 i'"t juij mi 1 ...inn x .11 nresenttng ine euun .-- - - ,k. .
mm sattsnitrt June. 111.1 .1.-SH7..1I7 he nubile debt of France on TJecembei
'HO 7 0JJ.767 Mav. 1011 It 1J4 l.'J Vi IMS at J"'' .227.000 000. The publll.
inn 7 Kofi "jo Aor. inn tin7R 7.' I 31. .,V8,,1":. . . ,r,e end of 1917 Is estb
mil 7 180.487 MCh ,,,a 7 4fts ni debt nt Itab .at tne enj m w dpDtb
Ssf"ny? toffi5gi
lllll. II 1111.413 Feb. inll 7 Hill 714
101.1 .1317.61 Jan 101.1 7.827..10S1
Unfilled orders on the corporation's
books at the end of each quarter since
Match 31, 1907, were as follows:
Tons Tons
Quarter entnns wuarier ending
wllh-
The debts
as
follows, ,,",....'... a Hunirary.
Austria. in.,ii.v.. - -
J5.701.000.000
i nnn nnn.ooo. but more than half of
LONDON STOCR MARKET
Iindnn N V
Atrhlkon
Canadian Pailflc
Chra Ohio . .
tit I'aul
Krlo
Krle lat pref ...
Illinois Central
I,ouIb 4i Naah .
Central Parllie .
Fennaylvanla
Reading
Southern Paclflo .
Union Pacific ...
U S Steel
IS HI equ v, I ClueiT ru. ""., """ ,v 1, . 77
. Sll S4 4 S. C & S 1st pf. 4'V Seali A L pf. i
.. inn 1.1SS JS CseMPli 42',j SeaVs-ltoeh ili
H '"I" '' Com Tab Rcc. 27 Sears Rbk nf ii
IK .ft I'st Con in Cat M 17 ii Sha.t AHs'" ",?,;
. 3 amt iZ con in - ' mr.tr lfc w K own. stai
Pii Vi'il! 4 Pref .. ; "' Stand Mill... 96
'.' !. ... Corn Pro Pf. 90 St MUlpf,... M
7!
Ill
J
ISO
US
701, III
4S'i tl
a.L .1 ll
70'
H7S 4- H
si. il
issS
loos h
Refined Sugar Unchanged
New York, May 111. Refined sugars
continued unchanged and all local re
finers are quoting fine granulated at
7.46c. The National and the Warner
companies remain withdrawn. Cuban
raws are uncnangea at e uuoc, duty paiu.
Reserve Dankt' Diirount Rates
Official discount rates at the twelve
Federal Reserve banks were as follows:
(The first column Elves the rates for
all 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
by Government bonds or notes.)
Com'l paper Gov! paper
10 to on 10 to no
13 days daia 15 days dava
New York...',,.. 4 41 4 4i
Philadelphia .... 4 4V 4 414,
Cleveland ..4 414 3J4 4
Rk-tmontl , 4 4Vt sti 4
Atlanta 4 4Va 3V( 4
Chicago..,....,. 4KS4, 4K
nt- l-outa... a v o
r.1
neere&Co pf. Studebaker nf 90
Det Edison,.!-" stutr Motor.. 46U
Dome Mines.. 7 Sup Stl 1st pf 96
i;iec stru". 7 "i tor mcos no
p.en Chem J.,, Third Ave... 171,1
Oen Cigar ... 4 Tob prod pf, sn
Cen Claar pf. Mi Tran Wms .. 40U
o..ir fit Stl. 107 Twin Cltv n. jii
Hartman Cp.. IB Underw Type.lOOH
uav r.trvi !"": ji" ji' l'i..iui
Homestake M. 75 u n & Pn.. liaj
111 Central.. 96a Un Car St pf.J02
Iowa Cent ... 28 JJn Drg 1st pf 48U
Jewel Tea ... ""A JJnPapBrd.. 15U
Kan C So pf. 60 Un Pac pf... 70 V,
Keok & D M. V United Krult.l2H4
LacleoV Gas.. JO U S C Ir Pipe 1414
l.ee Rb & Tre. 1J U S C I P pf 41
LlgR - M Pf .103's U S Ind Al pf 97
Lorillard .....185 u S Rub I pf.104
Iuls & Nash.llJH u 8 Rlty Imp 16 U
Mackay Co 75 u H Rlty Imp
Manhat Kiev. 95 1st pf .... 50
Max Mo 1 pf 52 ; US Sm & R
Max Mo 3 pf 19'i pref 43ti
May Dept pf.lOSH Utah SecCorp 13Ji
Mex Pet pf..H9 II S R 1st pf,!03
Miami Cop., 28. Va Ir C & O. 69J4
Mich Cent ...119 Vulcan Det.. 7
Mont Pr.... 68a Wr It It pf. ii
Mor & Essex. 39 W Maryland, ll'i
M KtP & S8M 90 Wells-Kargo . 73
s-ni Ilia nf..llO'i IVestlnahouse
Nat Clk L St 69 pref 64-
Nat C S pf.HOli Wheel I.K pf 19
NatHSpfV4 White Mot.. 39U
"IH..? ..-.-.MlBttP..We.Hg
18 oon 000.000. but more than hair o
?.?:"."''",, iiaa been loaned to our al
Mch mis. nnin.400 jur.;. ibis. .i807.3i' "g and will b" reral(' ua' U lu?ll
xJ,T' IS.'l7 .,.,:7,.Sl,:ii?J TA S SSitfiW'S J 1 8nxT-mor ov.r n an--jo our
lier iiiii.U..'.47.Ssrt virh.. lull a. i47:ioi I allies, more than one-half .will no ae-
frayed oy isaauua, ,
t . ,otn. n.ft2.r.84 Iler.. 10IO 'J ,117 7XT
June 1010. 11 Win lis Sep. . llll, .1.118.IOH
llch. mm 11.311.11111 June, mill, 4.S17.70I
Der.. IMS. 7.oil SJ0 Mch., 1IHII .1.4IU .114
Seol . mis .1..1I7.II1S p,c, llili'l, .1 IU7.II11
lune. ml! 4 7R.m SVpt.. Ilitl'l 4,7110.811
Xlch . ml.! 4.3.11.7411 June, Innn, 4 017.1i3'l
lieo 1IU4 3 sill "ll Mch., mm, .1 SIJ..MH
itni . 11114 .1.787.667 Dee , 1008, a.BOl SJ7
jilh-. IIH4. 4.013 8.17 sent., inns a 431.1177
.'"! ...1 usss.Xa..n- 1....U uq.ao-
XlCn . Ill's, s 7-" ".t ,,'."., ., .1.1 am
Dec.. 101.1. 4.SHJ.I08 trh . 1008. .1.701.143
Seot.. P.113. 0 00.1,783 Dee., 1007 4 IIJI, .11.1
lune. lull. 8 HOT I7 Seot., 1B07. n.4J!.ntl
XIcW . 1013. 7,468.036 Jupe, ln07, 7.IUI.1 S78
Be?.. inlJ 7.IHJ.104 MA.. 10O7. S.OI3.05S
Sept.. 1812. 6.531.5117
GOVERNMENT BONDS
:. reglalered. 1030 ,,,,
Sa, coupon. 1030 .,
3a, reglalered. 1018
3a, coupon, 1018. .,,.,,
4a, reglatered. 1023
4a, coupon. 102
.la. registered. 1048
3a. loupon. 1918... .........
Panama 2a. reglatered, 1030.
,rio. 2a. reglatered, 1018..,.
do, Sa. reglatered, 1061,...
do, 3a, coupon
Hid Aak
07 118
ni
00 una;
un iiiI
10.! loss
mi
1 HO
,811
UAH
,80 .,
SO
NEW YORK COFFEE MARKET
New York, May 10. At the outset
today the market for coffee futures was
steady and prices were unchanged.
There were no sales on the Initial call.
Around noon the innrket was nulet.
..., n tn ll.nl limn nr. tranini.llnn.
were reported. There were some buying I
orders at siigniiy onow me uiarKei,
but offerings were not In evidence. It
seems that the Government has changed
Its method and Instead ot buying Its
requirements f. o, b, Bratil, Is asking
for offers c I. f. with freight, to be fur-
nisnea u .j r "
' - ' 1 ' 'fit
.j - - - - - 111,, ,' T a
,,-.,, .
flieat Exports Increase
New York. May 10. Exports of grain
for tlie week, with comparisons, figures
n busnelsf were as follows: Wheat, flour
Included.- 3,857,456. against miw"
lIlLluuru, , . . ... ..-sir
ast r. Fro JuT-1 to dkte: 198.840..
ktmpared with , nih.
?r.raedw.tir2.037.897 1astWkwand
1.463.080 in mis stcn . ) ""yl ,:";
July I 32.989,031, against 48,043,414 In
the corresponding time last ear.
Railroad Has Two Fires in 24 Hours
New lleien. Conn., May 10. For the
second time within twenty-four hours
nrTtook "toll from the New York. New
Haven and Hartford Railroad, when
Morehouse In the yards was burned.
The building destroyed was located near
he old Union Station, which Svas burned
Wednesday. For a time much property
belonging 10 ni" ius,m .,. ... ,v-
ardy. v
Price of Zinc lo Be Fixed
Washington. May 10. The price of
zinc will be fixed by the war Industries
board on May 33 next, after a con-
SHARP BREAK COMES
IN COTTON MARKET
Longs A t t e ut p t to Realize
Findb Lack of Demand and
Prices Tumble
COTTON lini.T VVF.VlIIKIt COMIITIONH
,'." ,nrk ,,r" I" rhe following tern.
1liT.n,nm7.,li.g,, 'r"mM '" "" ro,",n '
Oklalionii,, 43i Port Smith. SJi Ahllene.
ri.'. .J.VJ?! "' MIltlV.,rl,ll',. llontgomerr.
riioinuMllls and Mllmlnglon. 8i Kan An
I'lViUl.r 0r!f'"V- llaroti, C linttanooga.
iiiH" 'f,1 "i"!1 aeksonillle. 70i I.lltle
.ln,rk.'.i,iMf,nn,.'l"v le4ibunr. I'ensarota.
hnovllb and Nasliv I e. 7Jt (ialieston
74i Conitis fliriall. 70.
1 s..r,'.'r, """c0. in'h of VerlnlUtlon at
..,.-..,.,.., urni .ut n, rori nmiih.
New York, May 10.
There were wide movements In the
cotton iimiket today after compara
tively quiet trading. With limited move,
uu ins In tho forenoon, the market sud.
dm'v developed strength on a demand
credited in part to some fnills. and Julv
itnclied a high of 27.24. a net advance of
tin points.
Shorts covered heavily on the upward
movement' and when longs tried to real
ize there they found the market almost
entirely bare of a demand, with the re.
suit that there was a violent break, so
that for the day the net advance ranged
from 19 to 27 points.
' The final tone was weak.
The early advance of some 15 to 28
points met scattered selling. It la prob
able that soma of ebterday's buyers
wero uisappointeu mat this morning's
news' was hardly In line with yester
day's rumors concerning war developments.
Moreover. It appeared that lhe ueakrr
short Interest had pretty well covered on
yesterday's bulge, and after n recovery
of over 2 cents a pound from the low
level of last Saturday, there may have
uccn come renew CO. Selling.
The circulation of a few May notices
and a decline In the near months also
had an unsettling Influence, but after
selling back to about last night's closing
figures, the market steadied on-frosts In
parts of Arkansas and Oklahoma.
. Yeaterda'a
1 rinse fine., ill S .. .
January.. 23.43 2.1 .10 S 30 S3 30 2030
Jul S6S7 Sll SO S7.S1 S6 "San
October... 2.108 3.1.711 30 60 S3 5 J 5s 81
uecemuer. so.oj s.i.33 36.40 23.43 23.73
Cotton Buyers and Sellers'
New York, May 10. July Fllnn
Hubbard. Kelffer. Moyse. Brooks piers'
Frederlckson. Einstein and Sellar bid;
Brooks, Walker. Ilartcorn. Ilyman.
Munds and Gilford offered. ' "'
October Downs Ilartcorn. Hagedorn.
fc?i'fr,i,Mi0er"!5' M1"!- bJKal anl niordai
bid ; Kelffer' Munds. Hartlett, Brooks,
Peers, Flllin and Jay offered.
December Ilartcorn bid; Brooks and
Freeman offered.
January Krederlckson. W. Gumoens
and (leer, bid; Walker, Brooks and Mar.
tin offered.
fereme with the zlno manufacturers.
BAR SILVER
I-aat 1018
Today Yea, Krl. lllah l.nw
N York lila.) on' in'4 imV4 nn', 83H
n"(PC;40H 4BV 4gg 40Vi SV4
Soldiers Help Slop Forest Fire
Camp UptavB. N. Y.,,May 10-The
Liverpool Cotton
I.lTerpool, May 10.-,Spot cotton was
aulet todav with nrlcea firm at ,n
advance of 19 points for middling, old $
contract at 21.65d. The sales were
wvv oates, ine receipts were 4000
bales. Including 2100 bales American.
Futures were quiet In the early dealings.
ni.l ennlrnel .nnl n.l... ... .
w. w....--- VKu. r's.. wets.. sj
American, middling fair, ;:.75d; goodVJJ
niuiuiiiiK, -i.twi miuaiing, i.aoa; low
middling, 21.02d; good ordinary, SO.OZdi.'u
oiuiuarj, ll.ovu,
. . . y
Alias Powder Fay Special ?J
v.w v,lf Xfav in nsk.'-i'e
. - ., -, ... w
M"-. -s."i...-i rti
lieu lt