fUV',
;;
News of the financial world new yohk and Philadelphia stock prices
m"Wi;
. i V
ident
Trwt Ceapaay
lelfwa
'Id1 events
; e wrougnt
r'-changes in
ie and In-
ince x a x
r
future may
Lin store even
more rad-
innovations.
Trust de-
lent of the
ident makes
business of
! s e matters.
las a Knowi-
based on
Mr fifty years'
mence tnat
ividual exec-
irs w'ill find
suit t o ac
re.
tail Chestnut Streets
BUSINESS CONTINUES ACTIVE
ON THE NEW YORK EXCHANGE,
WITH PRICE CHANGES MIXED
c
New York Stock Sales
Fluctuations Are Over Wide Range, Many Stocks Ad
vancing to New High-Record Levels, but Dropping
on Sharp Reactions U. S. Steel Prominent
High Points in Today s Financial News
Trading continual ecttve on the .Veir York Slock Exchange, itHth mmii
Usucs selling at new high prices, but later reacting. Steel common and
steel Industrials prominent, Curh business tint large and price iccre
Irregular, Corn teas nervous. Cotton ndvamed. Foreign exchange teas
uninteresting. The Philadelphia nccklg hank statement shou-ed Increases
In loans. Bar silver tea unchanged In .Vrtr York and lower lit London,
Ala Ifi.kk. . ...
Alas Hold -Min. 14
Alaska Jufteu... 1
Allls.Chalm Co Sl
lo pref s.1
Am Hfft rub. is
Am Can yt
Am Car & Kilry HO
Am Int Corp.. si
Am Ice Sec . s.1
u l.rri
Am Hide ft L.
fl pref . . . ,
Am Linseed ,,
lo pref . . .
Am Locomo ,
do pref
i Am Malt ..
do pref . . . .
Am Smelting.,
do pref A
Am Sum Toll
Am Steel Fdrv
Hlah ' leiw
88
1
1
so
:i
45
7B
AS
s
lit
IS
o
SUn,
75
00
I Oil
s
40
l
""
TORPEDO
f cosed this stock to
more than 80
'eeaL?
a the retirement of the
debt proven its
it; power:
steps are being
Fife a for commercial
ess following
W?
lust rnmnlled an
V which U complete In
Ml and mil ir Inter-
reliable data.. It will
ttffe lite market, fllp
mention LT.lft anil
pwlll lie mailed without
tog-ellier wltn Ilia
on S3 other "active ee.
New York, Slay 13.
Trading continued extremely active on the Mock exchange, with
prices of many lsiucs fluctuating over a wide ranee. All through the
day there 'were mnny movements to new high prices of the year, fol
lowed by t sharp reactions, with the market called on at times to absorb
sales of leadlnc stocks In large olume.
United States Steel held first place In speculative Interest, advanc
ing 2 to 112, and later reacting more than 1 point, and other steel Indus
trials moved up 1 to 2 points, but lost most of the Rains under a large,
supply, which was brought out at the higher levels established.
These reactions could be attributed to the Interest In other groups of
stocks, as many Important specialties became prominent, making violent
advances at times.
(lenernl Motors, which sold early In the day at 121, had a quick
advance to 12G, and Distillers, which sold as low as 69i In the early trad
ing, later advanced to the new high for the movement of B3.
Great Northern Ore was also prominent, advancing more than 2
points to 33, Heading for a time was active and strong, advancing from
86 to 88, but also reacted more than 1 point. Corn Products moved up
more than 1 point to 43, making a new hlRh record. New Haven attracted
attention around midday, advancing IS to 3G.
Baldwin Locomotive, after an advance of 1 to 88, dropped to S6.
United States Steel in the late trading declined to 110i.
Interest In the bond market was chiefly devoted to the trading In the
new Liberty 4s, which continued heavy, declining from 98.20 to 97 84.
Am Sugar
Am T & T .
Ant Tobacco.,
do uref new
Am Wool . , . .
do pref
A.I
13
"1
3S
07
I no
49
82
88V4
U.1 llli
o: o.v
114 tit
' Net
t'lose cha.
58
1
1 ..
son
74
45
79 4- H
AS t
32
A3
IS r
oi i
34i v
7A Yt
M . M
100 M
0 IV
411 H
SI
SSV4 1
MA fSV4
UBTi lfc
113t(, 1
CORN MORE NERVOUS
THAN FOR MANY DAYS
Advances and Recessions Mark
Operations Throughout the
Entire Session
i
vm writ i -a pr 21
I Am Zinc & id mj
do prof ,. 48M,
, Anaconda . . . oo
I Atchison sa
'Allan C Line.. B1V4
ll J K
on ns n',
.170 in; no
oa 0.1 n.v
A?a AA AH
DA Of A
I5M I7V
40 4H,
nv, s
Dl
1 lllOi 10914 110
Loco. SSU ga.v ss
' I
IHI
M.
'-i
r!
3
DRAIN IIF.I.T WKATIIER FORErAftT
rhlrotn. Mar IS. Ullnnla. Mlonnrl,
Iowa, Nflirnnlt.i and lianaa leaerally
fnlr and omewhat HBfmfr tonlsht and
lfonln lenfrallr fair tonight and
Tue-dnii warmer tonUht and In eaHt and
onth Tuedar,
Mlnnnnta Fair tonliht and Ttied.T
varmfr tonlahtt tiM!rr Tuesday afternoon
In north portion, . , . .
North Dakota ienerallr fnlr Ionian!
nnd Tufftdajil warmer lonUhtl roolrr
Tiiedar. .
Smith lltliot.i Fair tnnlnht and Tue
dart mtrnirr tnnlnht and In south nnd
rentrnl Tiie-dn.
Vlontana Fair tonlthtl Tueadajr partlr
elond and rooler, ,
VVj-omlnc Fair and warmer lonUnlt
Tne-dny partly rloiidv
Sales in Philadelphia
i y4
IH H
Hlh Low
stiAm Can.. 4A 4A
too Anaconda AS S
in Ha Id Loco sfl 8S
SO Cuba Cne
Sugar;. S3H SSV4
SA Klcc Stor 4BH 4BHi
lOflen Aspll I4V4 4H
20 do pref 4 4S
0 ins co or
N A... SAi
I7HA i.ake sup
Corp in lH
AS Leh Nov fli 6HV4
AOAMIdvale.. A0 SOU
100 N V N 11
A II . STVi
07 Tcnn It It 41
so Phil & W n
10 Phlla ra. so
7A Phlla niea 2AU 3A
mop It T t c A 3.1
0.1 Ph Tract. 7
too Pitt cal A4
30 Itcadinit. n;a4
500 Ton Ilel 3U
43 Ion Min 3
in Cn Tract 4nVi
103 l fl I . . 00H
I" O N .1 .
SI. IS IT S Steel 113
A0 W .1 & p. 40
ClOM
Net
cnn-.
4A Vi
A 4"
s iY
SSH 1
49 Vi
I4H
4S
J 3S Vt
1
na
S0V4
SA 1
44 ..
n 1
30
3.1V4 .. .,
3A
n:
a 1
s7 m
sy.
3 . . .
40V4 V4
n
tionvt
11014 110
40 40
SA
41
n
30
A?
Al
s:
3
3
40V4
nV
LAKE SUPERIOR CORPORATION
LEADS HOME SHARES AGAIN
IN TRADING ON LOCAL 'CHANGE
That Issue Advances a Little, While Tonopah Belmont
Yields Slightly Steel, Baldwin and Midvale
Score Substantial Gains
.100
S4M
. A4
. 80
. 1
. RAV,
A
D
CURB TRADING ON LARGER SCALE
1 THAN AT ANY TIME THIS YEAR
r&DEEKY
'Movements Irregular, With Only Few Floating Issues I'olnJ s"nel
' . J D . Ilistlllers Si
JMaking substantial Gams Advances Reduced
Later Mines Are Quiet
IJaldwIn
uo pref
' Balto & Ohio.
1 ao prer . , ,
Harrctt Co .
IHatopllas Min
Beth Steel .
do n
I do 8 ict pf
I Rklyn Hap Tr
llutte Con k 2
Hutte & Su Con 3Ac
Cal Petroleum is
do pref ao
Canadian Pac 149
I Cal Packing Co 44
Cent Leather 00
do pref 104 V4
Cerro de Pasco 3A
I Chandler Motor K3
I Ches & Ohio.. . ABV4
I Chi M & St P. . 4.1
do pref . . 73
Chi & Northw OS
Chi It I & V t c 31
do 6 p c pf tc AB
do 7 p c pf tc 00
Chile Copper , 10
Chlno Con Cop 43a
Col Kuel & Iron 4A
Col (las & Klcc 34 "S,
Corn Prod . 43
do pref . . . s
Crucible Steel.. 73 H
do pref 111
Cuba Cane Suk 3SV4
no pier . . si
10
7
Secur 03
1S
loo
A I
A4
90l
AA4
S8
43
71
03
30
AO
09
10
43
fltub ?- J V
Kit; Pkilaatlpaii'. Pa".
wai. 4nsni Kare 4usu
nleJO Rrnnd St.
vPrivnt TTtrea
1llll'IIIIIHII"lH'"'"1!.g
r Important
fens Why You
Id Bank Here 1
Be sound financial
reneth of this in.
titution,.
rhc unexcelled bank-
lacllities.
He human Intereat
rMch we always take
our patrons.
rhe convenient loca-
On in the mMaf nf
Bfce city's business dis-
ict.
Mm
OTOT1PANY I
New York, May 13.
Trading on the Curb was on n larger scale than had been noted at
any preceding time this ear, but movements were irregular, with only a
few floating Issues making substantial gains and ndvances In the first
half of the day were generally materially reduced In the later trading.
The heaviest dealings were In Aetna Explosives, more than 25,000
shares of that stock changing handi on an advance from IS to 154.
Chevrolet made(a gain of 3 points to 123 and Burns Brothers Ice
moved up from 27 to 38H on what was regarded as Inside buying, but all
these stocks reacted before the close.
Submarine Boat was heavy, falling from 1D'4 to 184, and the trad
ing In the airplane stocks was unfavorably Influenced by the poor show
ing made In the annual repo'rt of the Curtlss Aeroplane Company. There
were no sales of Curtlss, and vrlght-Martln was quiet, ranging from
10, to 10.
1 Krle
do 1st pref
I do I'd pref
Caston Wni'
t Oen i:iec Co
en Motors
do pref
Goodrich B V
lit North nref
1 fit Nor tir subs 33
(!r Can Cop 43
iiiir mates mi inn
1 Illinois Cen 0
, Int Agrlcul tn
do pref .14
j Inspiration Cop SA
inier-i-ons cor ivt
no prer.
I Int Mer Marine
I do pref
1 intern! Paper.
, Int Nickel
Kan Cy So
Kelly Spgfleld
Kennecott Cop
Lack Steel
Lehigh Vail
Lee ltubher & T I.W4
INDUSTRIALS
et Above Chestnut
Philadelphia
1,000 Capital
90,000 Surplus
iiiiiiiiiiiiiiiiiiiuiuJiuinnnaP
I Aetna Explosives ... 14
Am Brit Hrf 3
Am Marconi SY2
I Amer Writing Paper 3
, Air Reduction . ... oh
. Canadian Car Co 38
. Can Car fc 'Fry pfd . 7A
Charcoal Iron 7
.Chevrolet Motors ..130
B 'curtlss Aeroplane .. 34H
(.arwen 1001 . . . a
Cnrbon Steel . ...113
' Kmerson Phonograph 34.
Federal T)ye
Ilendee Mfg 10
Inter-Lube I
1 Kathodlon Bronze pf . . .
Lake Torpedo Boat . SU
LehlBh Coal Sales . so
Lima Loco 43
1 Maxim Munitions ... i't
Marlln Arms 70
New York Shlpbldg. 40
Nor Amer Pan Pulp. 3
Sat rlnfie
Ak (nll I
IS 14
A
l.MIKI'KMIKM OIL
Houston Oil
.., ".., I .Merritt Oil
SJ " Midwest Oil
.."tlie Stock Market l
aage croiind to 70a
u rou are not
alllar with the irml
aa raarhinerr ot in
til and trailing
rou vnouia reaa oir
lOKLET
"How to Open
ecount and General
i for Tradin. It
IbiV
r.
int .tree
. .
.request. It deals
Pthe great human
ery ot investing
ling.
treading of this
will increase
lowledge of the
entals of trading
Wes.
far Beaklet TC-S40
Free on, RtquMt)
&JAKER
- - m
rBuiliifsA
rBaU-MU-MloOO.
eST'tf.
Otis Elevator 4A
Peerless Motor ... 14
Voola Engineering... so
Redden Truck
Scrlpps-Booth 13
S S Kresge w I . ... so
Standard Motors.. .. IS1
.Steel Alloys 1
Submarine I
'St Joseph Lead 18
Todd Shipbuilding. . . 83
, Triangle Him 4
,1'nlted Profit Sharing
V S Steamship V4
I'nlted Mqtore 3 A
I United Sugar 30
Worlds Film
I Wright-Martin Air... 10
Zinc Concentrated . 1
!
73
3 A
80
.8
13J
80
3 A
O
US
3
t
30
3
1
A
8 A
45
'-4
80
43
3
AO
in
70
IS
17
sv
134
7
10
IA
88
T
?A:
33
10'4
130
nvi
0
113
3
i
SVi
hTANIARD OIL STOCKS
Illlnol
,ohlo
Prairie Pipe ... .
Stand Oil of Calif
I Stand Oil of N J
iStand Oil of N V..
..ISA l!o
333 3311
377
3J0
A All
3(18
.
3IA
,A4A
.364
18
34
338
378
317
A47
Met Petrol
Ohio Kuel
Oklahoma Kef . .
Illce Oil
'(apulpa Itef
Seauovah
Sinclair .
united West Oil
STOCKS CO.NT.
Sat. Mne
Auk (i-iilt.)
40
33 H
100
17
0
M
s-4
nid
. 4A
. 3.1
108
.
. 13
. im
. A
. 8
"4
. IA
M
47
33W
I0AV4
0
s
-
.VI1.MNO STOCK
!
INDEPKNIIENT OIL STOCKS
Barnett Oil & Oas... '
Cnsrien & Co 0 7
Elk Basin 8 0
Federal Oil 4 3
Inter Tetrol 13 13H
Vi
o
34
.viaiKa. .standard A
Atlantn i
Big Ledge ... a.
Butte New Vni-U i.
foil Arizona ... j
Calumet Jerome.. I A,
Emma Consolidated . i?
First National i
iioldfleld Merger .... a
Rolddeld Cons , ... . ij
lioldneld F orenre . .. in
Ooldfleld KevvHnas . . A
Hreen Monster .... ivi
tiecia Mining . . , 4
Howe Sound aim
Independence Lead , 4
Jerome Verda i
Jim Butler . ... 74
Jumbo Kxteimiim . 0
McKlniey Oarragh .10
Magma Copper . . . . s.i
Mother Lode 49
Mines Co of Amer I "4
Nevada Mills A
Nlplsslng saj
Ohio Copper II
Kay Hercules 4154
San Toy in
Stewart a.33
Tonopah Extension.. 1
i'nlted Verde 411
West End Con 83
White Oaks
White Caps a
Yerlngton . A . . . r,
IIOMI
Bethlehem Ss o;-f
Cosden OH 6s ia
Cosden & Co 6s 7A
v-uoany as 00
uubsian (iovt S'ss. . .
Russian Govt 6 Vis...
Southern Ilwy Ss. .
ninciair vmi us
10
0
loo
A3V4
A4
00 V
I
88
SOU
looa, lonu lon
40 40U lll
uy, on
1', 3A
17 17
A0 .10 Vi
148 1411
44M,
0"V'4 88
inti., 104
a 1 sa
83 83
.18 A8V.
it
tlYt
OS
30
A0
8
in
43
43
31
43
8
70
01
33
81
107 108
7 7
A0 01
1A 1A
3OS4 31
31 314
83 31
1481, 1411
131 133
811
4 A
IIS
31
43
IOA
00
IA
A0
31
7
40
3A
04
41
30V4
16
4A
.13
80
no
1A
170
07
38
40
A
23
33
A I
20
21
73
34H
20
88
40
43
42
13
1
l'
rhlraito. May 13.
The corn market was more nervous
than ot any time In weeks. At the open-
-t-1 , Inr. declines were recorded because or
general selling, but local shorts and com-
3 mlslon bouses started bus ng, mcli '""""
forced a sharp recovery
I.ater. the weakness In the cash posl-,
Hon brought In nnother wave of selling
and the market again declined, only to.
be followed by a rather violent upturn
In the lase hour on n renewal of de
mand from commission houses and
covering by the shorts who sold wheni
the market nppeared weak I
May started at SI 27 . Its high was
SI 27si ; the low Jl.27, and the close
$1 27 hid. an advance of c. The
opening on July was the lowest, $1.42 i,
and the eloe wa at the highest, Jl 4B, t
compared with 1143 at the end of I
Saturday.
Oats moved In about the same way
as did the corn market, buying by prom
Inent commission houses In the first half
of the secslon causing advances which I
brought about considerable covering by!
shorts. Some of the cash Interest were
sellers on the upturn, however, nnd for ,
a time the market appeared vveak. When
this supply had been absorbed prices
again turned nnd moved upward.
May opened at 72c The high was
5e and the low 72c,
tQuotatlon given Is Saturday's close,
compared with
Total nates. 7410 hare
320 nnares on aturda).
noM
lllah Low
SO
70
03
73
A3
44 1
1-
--
4
!
Vi
Vi
14 1
34
43
118
70
III
33
81
Stl
1st 5s
300 Am O k
K Ss.
3000 City 4s-4
4000 Elec fi P
Tr 4s .
8000 Lk Sup In
5s
1 100 Lib Bond
44S .
4A0 do .It?
A8A0 do 4s .
ion do 1st 4s 0A.80
Pa Co cn
4i,s'6n ,,
3A00 rhIU Elc
1st ft 01
1000 Read gen
4s ... 84
Total satei. S.1A.AO0,
SII.1O0 on saturdai.
Net
chap.
0A
Cloi.
so
70 1
0J
78
Local Bid and Asked
I Amer Stores
1 1'rll
. 31
31
sou
119
120
80
40
113
41
1 1
4 1
1-
III J O
The high was nurr huh t c
It rinsed at 7fi'?f ' do nref .
74 Sc. compared with 72 e at the end ;-" u
on Saturday July started at 64c, 1 o,.nrai Asphalt
which was the lowest for the day The do pref
high was 66T4c and the cloe 66?) , St5De- T-l . . .,
6B&4C. against 65 He on Saturday. , ,,,",, s'up Vorp'!
Leading futures ranged a follos 1 Lehlch Nov . ..
Corn (new dellveryl Test Lehigh Hi
Open limn lin" I lone rioae i-enna 11 1. .
May .. 1 27S 1.27V, .1 '.7S 1 27N, 1 27S Mill Klec .. ..
'nua .o
47
Sll'4
4-1',
14
4S
8
50
lUl':
Trading on the Philadelphia Stock Kxchango today was rather quiet,
with the activity In evidence largely confined to Lake Superior Corporation,
Tonopah Belmont, Midvale and United States Steel common. The majority
of price changci wero to higher levels, however, with Steel ndvnnclng 2
points to the new high record for the year of 111 by tho end of the first
hour nnd several other arbitrage Issues scoring good gains, nlthough none
of them showed 'as much momentum as tho usual leader.
Baldwin locomotive was marked up li, Midvale Slcel 1 nnd Cuba
Sugar 1, these stocks following the same pourse as was taken In New York,
the Steel share nnd steel industrials all being In good demand nnd selling at
higher levels on the bfg board early In the session.
The advance and activity of Midvale Steel caused some comment In tho
financial district, there being a turnover ot more than 800 shares by'mld
afternoon, nnd the demand continued good, with tho price holding fairly
steady about 1 point above Saturday's closing quotation up to near the close.
Several things were mentioned ns probable causes for tho momentum nnd
strength -of this stock, which usually does little here, nnd from New York
came a report that was received most seriously, to the effect that the com
pany was negotiating for a large amount of Government work In a new line
f.nt n good price.
I Lake Superior cnm'e to the forefront at the start so far ns homoeshares
A4 AA 3 lwere rnncerned nnd advanced i to 16i, while on n single 500-share trans
07 04 07 04 .38 ncl1"" Tonol"1' Belmont declined a trifle to 3. Tonopah Mining came out
no' no' .so , unchanged, as did Philadelphia Traction.
j .iet trie btornge Battery scored another small gala, Lehigh Navigation
moved up A4, Avst Jersey nnd Seashore advanced , while Philadelphia
Klectrlc lost n fraction, hut Inter recovered the loss.
The agitation of Rapid Transit employes und ofliclals for a slx-cent fare
was without Influence on the securities of that corporation, none of the cer
tlflcatcs changing hands during the first hour nnd a half of trading,
tlflcates changing hands during the 'first hour and a half of trading, and
only n small turnover occurred In the afternoon, nnd the price sagged a trifle.
Lnlted C!as Improvement was quiet, but a little high.
Around midday a small sale of Philadelphia nnd Western, which had a
sharp decline last week, came out at fi, a gain ot 1 point over the last
previous transaction. Railroad Issues were quiet. Reading advanced 1 to
81 i and Pennsylvania was unchanged. A few shares of Philadelphia Com
party and General Asphalt common and preferred changed hnnds without
either losses or gains In their quotations.
The weakness of Liberty Loan 4s ngaln caused comment. Sales of that
Issue totaled nround $6000, nnd the price sagged off to 95, while the 3Hs
advanced to 99, the convertible 4s gained a trifle to 93.80 nnd the new 4 Us
which were, next to the 4s, the rNost active, declined to the low prl'ce at
which they started last Friday of 98.
08.16
on
oa.io oa ns
A.80 03.80
.10
t07 ..
1 08 1
1 84
lompared with
Todav
Bid Ask
Saturday
Ill.l Afk
40
so
IS
All
Mi
112
47
S7
40W
14
4H
a
An
lHS
40
S7W I
nil
is
.Ml
fi
in 4
JuH
1 43
811
4 A
01
33
42
IOA
00
16
A4
1.27V, .1 '.7S 1 271, 1 27S T
1 4Vi 1 42W 1 4AS 1 -t.1 I
1
064
4S
31
16
4A
3.1
80
KWH,
180
n8
, 38
.10
A
33
33
.13
20
23
73
13 Todd Shlpbldgs 6s.
34
37
08
70
06
1
2
1
2
A
12
A
4
4
A
76
II
42
38
SO
1
10
8
11
4
13
7-SJ
1
10
84
.1
iV
08
82
83
07
38
42
09
80
08
L S. M Toh Co
Met Petrol.
Miami C Cop
Midvale Steel
M Kan & Tex
Missouri Pac
at Acme . . ,
N Enain He Kl
Nev Con Cop.
N O T & Mex
N Y Cent. .
N Y N II & II. 38
N Y O & W . 30
North Pacific.
Ohio Oas . . .
Penn R R.
Pen Oas & C
Peie Marq w I
Phlla & West
Pitts Coal
Pierce Arrow-
Pressed Stl Car 84
Ity Stl Spring S8
Ray Con Cop 2.1
j Reading . . 88
3 iltep I & S .. on.
1 Royal Dutch . 80
10 'Sears-Roe .14.1 143
4Vi'Sloss-Sheg S& I Asa, ASH
a, Sinclair un . 2sv,
4 South Pacific . 8A
Southern II R 23
do pref ... Al
Studebaker . 39
Sup Steel ... . 44 Vi
Tenn C' I C 17
Texas Co 1.12
Tob Products 3
un Bag : r so
3
-r
4
A4
7 ..
41 1
2Ai4
91 -i-I
43 '
30 f
18j, -u
45
33 r-
8BVi 33
no I
IA4 rl
180 S
07
38 ..
Aliaj -t Hi
A -r
32
3.1
Al
20 .. I
23 3 I
73
llats
May . 724 7S 72 7 IS 75'
July . BAS fll'i 4" no' m
I.ard
July . 21 11 2A 21 2X 00 2.1 21 2.1 27
Sept 5.1 40 SI A2 2,1 3.' 2S .12 5.1 00
nibi
July . . 2.1.7.1 2.1 S7 2.1 A.I t2.1 87 2.1 02
Sepl 24 12 24 32 24 12 24 37 21.40
l'nrk
May 4132 44 32 4107 44 70
July 44 7(1 41 IHI 44 HO t44 85 45 15
Hid tAsked
New York Bond Sales
do A p e pref
ilo II p c pref .
P It T tl ctfs .
Heading . .
Tonopah Ilel
t Tonopah Min
fnlnn Trartlon
I' (1 I . . .
f S Steel
York Ilwy . .
do pref .
I W Cramp A Pons
nni, miH no r,
44 444 44 44
Sl'i 2.1". 2.1V. 21'4
211 58 2(1 5S
xlt 31 S2S .ii
211, 2.1 S 2.1S 2.1
S7 H7U Ml' PUS
All .IS 3ft .IS
4us' ll'i 4S 4IS
iins ns mi1 80S
tins lin IflfcS ln
7S OS 7S OS
St .13 31 S2
77 70 75 80
HIS
8V4
u
2 A
i
4,
4
11
' I
SA I
49
87
40
44
48
13
20
Alt
43
'
' I'ntnn Piii-
i nlted Alloy
A3V4
41
Al
AA
2.1
sna
88
80
28
84
3.1
01
37
4.1
17
1.1(1
Al
80
3.1
"6
40V
44
41 Ufc
13 ..
20 - S,
A3
41
01 1
AOVi
25 -(
87 1
80 1
SO"
143
03
28 -t-
8.1 Uj I
33
Al
38 H
41 ..
17
1-10
81
80
124 I3SV4 12S
444 14 II
81i Unl Clg Stores 04 04 04
II United Ry Inv. 0 II 9 ii
4 i U S C P & F 1S 15H IA
10 ' f S Ind Alco 1SS ISO 131 1
7-33 I- ft liuooer . iiviR on .w -r I 4
lT S Sm & Jtet 43 43 42
U S Steel ... 112 llli 110 im
do pref ...110 no not, vi
Utah Copper .83 S3 83
Va Car Chem 47 48 48
Wabash . . . 8(, as 8 Vfc '
do pref A .. 41 41 41 ..
do pref B... 33 3S 3S V4
West Union Tel 04 94 94 V
I westingn airg 43i 4354 42H li
Worth P & M .11 An so y4 1
do pref B 08 08 88 I
I Wheel & L K. 8 8 8 t
ii 'Wilson Co ... A7 A7 7
S I Wlllvs Overld. 17 17 1704 .. 1
A
83
97
Oil&Gas
.UV9tB
V "Ali'ti'wiiT
JEMUM LKVH,
CMtKMf., M..
F-
LOCAL LOANS INCREASE
Bank Deposits Alio Show Gain Over
Lat Week
The average condition of members of
the Philadelphia Clearing House Asso
ciation for the week preceding today Is
shown In the weekly statement, with
comparisons, a follows:
ALL JfEMBKItS
May IS. "18 Inrrraie
!,,, IU30.5A4.0OO 111,708,000
.xcntnin uairiM ,.,,.,
Route , ......... 24.1WH10
lnirl tnani tlOfi (lOO tm,r the hankn nn MnlnrHav
I maturing time loans were paid off today making a cash net gain since Friday of ss.sss.ooo on 'Saturday.
n..u 11.01 iiirtcMorn exiiregsea a aesire I100,0UU.
1.053.000
7.OHB,n0(l
t,07S.(SXI
s.n.i7.oi)o
113,000
rm. from binki... t3tl,34H,(K)(l
Hank dpolti .... lAH.347.uon
Individual dtpoflu. 464.003.00(1
Tlma depo.lta 4.21U.000
ltero wun irn
eral Reaerve llink
f.nrt..".".1. ": AO.oss.noo g.otl.ono
c..h In vaults .... 18.S24.0Oil A43.OH0
Total feierva held.e 3.870.non s.iuo.ooo
itcierva reQuirea .. i,onB,.MHi oin,,-....
Exceia rerve .... 13,281, 000 7,517,000
MEMBERS RESERVE SYSTKll
ntttrva held ..... AA,016.noo t7.A80.nou
Kirris reiervo .. . 11.1S8 000 6 006 0(10
TRUST COMPANIES NOT MEJIDERS RK-
HERVE SYSTEM
ReaerTa held ...... IS.S34.CWIO ,441.000
zreK reaerva .... 2.143.00U ASl.vOO
. Decrease.
In addition to the deootlti above thera
were thla week 163. 565,00(1 Government. 4e.
poilts. against wblch no rfaerve la required.
, ' FOREIGN EXCHANGE
"HtwYnlc, May . There wasvery
little ot btterett'ln the foreign exchange
inarktt In .the, early dealings today.
SwIaa'riM fulldera showed firmness.
Taintas'TTif French were fractionally
IMrer.i SsNUMtnaviaM were ouu
war:'
MM-lloB VHL. cablaa 4.7IA,
bUla .atiitti 4.11. ninaty-
4.TI7 : .h' - -T
Hlh Iw
$13000 Anglo.Frch Bs 92's 91
3800 Am For See 5s 97 96
1000 Am Sm Sec 5s Sg 88
lOnoAm W Pap 5s 84 S 84
2000 Atchison gn 4s 82 V, 82 S
1000 Atl Char 5s 92 92 Va
lOOOIUIt & O 3SB 88T, 88
3000 do 5s . 81 80
2000 B ft II S 2Ss 84 84
4000 Beth Stl 1st Ss 80 80
10000 Brnokn Rap Tr
5s 1918 . 97S 97ls
16000 Bordeaux Cs . 89 89S
2000 Can Oov 5s '31 91 91
mini i- i- i- & Ml i,
4s 63 63 63
7000 C & O cv 4Ss 74 Vj 74 74
3000 do conv 5s 81 81 81
1000 Chi Ot West 4s 58 58j 58S
1000 C B & Q Jt 4s 82 82 Tb 82
281100 do gen 4s 94 S 94 94
1000 C M & St P cv
4S 74U 7lt, 7I,
3000 CM R I & P 4s 67 f,7 67
2000 Col Indus 5s 74 , 74 74
1000 Den & R C.r 4s 51 63 53
120000 net Tun 4s 77U 764 77
lOOnnnis Sec Cor 5s 86", 80 86
4000 Krle cv 4s ser
B,.. . 47 47 47
3000 do cv 4s ser D 61 61 51 i
72000 Frch Rep 5Hs 92 92 92
10000 H & M In 6s 18 17 18
19000 H & M rfd 5s 57S 57 57'-
1000 Ind Steel 5s.. 96 95 95
51000 Int R T ref 5s 85S 84 84
ummi inter m ai is tz yxs4 :i
2(100 Kan City S 6s 79 79 7
20000 Lack Stl- 6s '50 93 4 934 91
2000 Llg & M T 7 114 114 in
3847000 Mb ll'dn 4 98.30 98.10 98.10
4II.IIIIHI un 3 Vj ...80.04 99 99
81000 ilo 4s .
46000 do Int 4 9A.AA 0.1. .10
5000 l,vons 6s .. 89 SS'
5000 M S I"SSM 6s 89
1000 M K & T 1st 4s 63
2000 M P WL 6s '23 90
2000 do 5s 1965.. 81
6000 Mo Pac gen 4s 684
1000 Mon Power 6s. 89
1000 N Y C & H 6s 93
20000 N Y C 4Ss '63 96
2000 NYNH & H 4s 82
1000 do 6s . ... 87
5000 N Y Ry adj 6s 18
1000 Ore Sh L rf 48 So
1000 do 6s . ..96
1000 Ore R&N cn 4s 80
3000 Pa gn ct 4s. 90
16000 do cn 4Ss . 97
2000 People's (ias 5s 73
2000 S L & SF In 6s 49 S
iimmi ao Mer a wt oy4
1000 South I'nc 6s 93
5000 do 7s . .. . 88
3000 South Ry cn 5s 92
liniii jexas uo cv os 99
COUNTRY'S WEALTH GROWS
Per Capita Circulation May 1, $30.37,
Against $(j.61 Last Year
Washington, May 13. The Treasury
Department's stntement of money In cir
culation on May 1. lsirued today, re
flects the prosperity of the country,
show-lpg per capita circulation of 150.37,
as compared with J 45.61 on May 1, 1917 :
-,,, nnTitir cTnrirsi""'" on April l or tnis cnr. and
PHILADELPHIA INACTIVE STOCKS f1(i,52 on January 1. 1879. These figures
-,, n..niAna inr innrtlve ' nre based on a nonulatinn ot in.VAftt.non
. ! stocks listed In the Philadelphia Stock persons "
i i ...1.1.1. Y.nr.i u'Ar nn Tntal plrrtllntlnn nn ITai- 1 t. a tR -
t,xcnaiiBB u hi "iii """ .,",; ,,; ;.- ... , . ; "'"' ' ,:L ;; r.;;
I o.oiu,, ,( nn iuii.airil villi l.dO.-
ClM
92
97
88
84
S1 L'.
92 I A n war ..
88 Alliance Ins,
81 I Amer Oas...
84 Amer Ice ..
gy . Miier J. j
transactions today. The price given Is
the last previous close:
Acme T 1st pf 93 Leh Nv rights
Acme Tea Co. 64 first paid . . 17
l Vit-enign vni. . i
19 Leh Val Tr pf 2 V
75 L N rd rt pf . 48
19 L N wr w 1.. 7
30 Little Schuyl. 48
76 Lit Brothers.. 25
10 Mlnehlll 50
29 Norrlstown ..121
92 North Cent . . 73
23 North Penna. 80
t-enna oau .. oo
P R T ... . 23H
841,963 on May 1, 1917: J5.240.261. 501
nn April 1, 1918, and 816.266,721 on
January 1, 1879.
NEW YORK COFFEE MARKET
t Am Ry pref.
9714 .Amer Mill...
89 Amer Stores.
Amer Strs pf.
Brill J O....
Brill J O pf.. 70
uur & MUs ic:
Cam Iron
Camb Steel 127
Cataws 1st pf 62
Cataw-s 2d pr 54
Con Trac N J 66
lit t B T ..10
lit R B T pf. 17
Keystone Tel. 8
Key Tel pref. 50
Len av rignts
full paid ..
. Leh Val Tr. .
40 VI Phlla Co cum
i i
rh & West pf 34
New York, May 13. The roffee mar
ket opened quiet with light trading In
the September position at unchanged
prices. A local trade house sold and
New Orleans bought, hut operators
seem disposed to aw-alt developments.
The week opened with trading very
inactive nnd there seems to he nothing
In sight at the moment to encourage
heavy operations either way
.Statistically, the situation in Is bear
ish, stocks In Brazil. Including Tlrnvlllnn
Penn Traffic. 2 Government purchases, amount to 61.-
Rw-js Co Gen 2 936,000 bags, compared with 1,474.000
U O I war.. 27A hags a ear ago. and receipts nt the two
U S Steel Pf.. 110 I ports continue dally larger than those
Warwick Iron 8 of a year ago. Clearances from Brazil
are running jignt
In the local spot market, prices were
unchanged with a very poor nnd Ir
regular Memand with deliveries rapidly
dropping off. The trade is not looking
for any particular change In spot prices
'owlne to the fall visible sunnlv and m
I the fact that ocean tonnage Is scarce.
West Coal . . 76
Wm CramD. . 78
69 W J Seashore 34,
20 York Rwy... 9
York Rwy pf. 31
DIVIDENDS DECLARED
rilteburah. Tounmtown and Ashtabula
Railroad Company, rejular quarterly ot 1H
in,auiv nunc f
t
MONEY-LENDING RATES '
"KW YORK Money on call opened
at 4 per cent; high 4; low 3: last
4 : closed 4 4 ; ruling rate 4 per
cent.
Money brokers report
Total sales. 1,311.000 shares, compared
with 480,800 shares on Saturda),
Financial Briefs
Ji
The New York Suhtreasury gained
5000 Utah Power 5s 82
42000 U S Rubber 6s 80
8000 U S Stl S F 6s 99
45000 UK O B & I 6s 99
3000 do 6jS '19. 99
60000 do 6s n '-19 99
6000 do 68 '21.. 94
1000 Va Rwys 5s.. 91
4-
89
63
90
81
88
89
93
96
82
87
18
80
96
80
90
97
73
.49
69
93
88
92
99
82
80
99
99
99
99
94
91
per cint on preferred, pj:
t. u .. ......prl MV ?0
Mollne Tlov Compani, regular quarterly
,1 p, per lent on flrst preferred, pal able
June 1 In elf- of record May 18
C.ilnns' Traction Company, semiannual
of II 5-1 a shure payable June .15.
1-aae Clieei irv nmi r-,rr, ..,...,.-..,,
...a.i.. nt a n.. rent nn preferred awl
0.1 AO -IS rer cent on second preferred. payaBlo
sol May 31 to stock of lecord May 50.
?X.? Contlnentul OH Company, quarterly of 13
89 J4 a .harei payable June 17 to stock of rec-
90 "'fllob." Oil" Company, monthly .dividend of
81 IS PT lent, paiable June li) to stock of
55? "Atian'tl?,r Refining Company, reaulsr slm-
891 annual of 1.1 per share, paiable June 15 to
93 I ,tock of record May 20.
96
82
87
18
80
96
80
fin
97 i.".'m .. 76 Norfolk & So. 21
73 n"v 'ii :: nt 35 -or& west pr 79
49 Adv nam pf. "Jy North Amer'.. 44
93 Am C, & "IP1, 97 Ohio Fuel Sp. 41U
88 AmCanPf..J Ohio Oas rcti oS4
92 I Am S??eis' 78 2nt Silver... iji!
4m Express. Ifl Owen- Tlal Z,
jv "" oit n.. ss . s-r-r."."1
IVi mSmtPf.
i" V" m a. Pa.. BO ni"V"V. "
??h c'n'.ur. 5?.. n:',:r.ra, P? K
?.. oil .... 5!S pi M.JJi
July .. . .
Heptember
pecember
Open High
.36
S.44
K.14
8'
Iiw Close close
s an a i
n.in e.44 s 47
8 6.1 8 0 8.02
8.44
S.57
INACTIVE NEW YORK STOCKS
v-niimvlnc are quotations for inactive
Following " i which there
CAZ no transactions today. The price
glv'en is the last Previous a,e:
99
94 U A U " ,oS
81 I 5I" ' ""RhoV. 5
to have the borrowers replace with call
money, rlxed-date funds were mf,mi
even scarcer than usual at 6 per cent
nominal,
Mercantile paper of choice quality
continues dull at 6 per cent.
Prime bank acceptances are fairly ae
tlve at unchanged quotations of 4 8
4 per cent for ellgibles.
rnll.AHKt.rHIA Calf. pet cent:
A meeting of stockholders of the Oer- RAILROAD EARNINGS
mania Saving Bank of Pittsburgh will LOUISVILLE AND NASHVILLE
lie nciu juiio u i quango mo name or I lota in......
.u- i..i..in n ik. r.t...n.. C2...1 I.. ?!9 inerease
mo iiiBuiuuuii ... ,,.o ..iiLciia aavinsii Atarcn arosa
Bank of Pittsburgh. The German Na-1 Net after ti
ilnnul ttnnk. nf nlH Allea-henv nlsr, hn I Net oner. I
...... ,-.rtH i. a T.ii.nnln nam Three months aross. . 20.814.877
1 " . ' I Net after taxes ... 4.541.011,
Net oper. Income.. 4,76.1.207
Stockholders of the Wettinahouse Air. . WABASH HA1I.VVAY
I, ,.. r- ., n.M... -U. -, , . .
iimnc uiiiaii phiu, inn L-nanae 111 Mlrch rron 93, OSS, 193
ma Am Bm r-'iniii "ac .Ha .... 3114
n 1
99.A"sp im ,., 'ere XTnrq pe g7
99 Alcn P int S3 ,"" SP 27
'pKffVP'-."..
l Ca L" L III H9U
Brown no."- rsa , Stl Car pf 93 "
TlrnS BrOS..l Pll man ". . .
. rhl Al' w" 7 ubJ,sr Cor' ii
fhl at W.. I Read ng-lsipf 35
IC C 8 P'-;,;V heading Jdnf at
ciuett Fdv r-Mon Rep 1 g ?$.. 97
kti pptf: gr s5V 114
S7.J 82 slISBV;. Com T.bR.. . Saxon .Mo'to';; V"
ae..,. 'J.1S1.S4I A78.BS4 Cont,V-n, ii i7il "eao A t,,.. 7,
income,. i-.ni:ii.Hia imiv.iiAA Con , nu A w Pi. 17
0
Tnlalsales, S9.O97.OO0, romparrd with
time. iSOl per cent. Commercial , by-laws to make the fiscal year end De
paper, three to four months, 5(J per ' cember 31 Instead of July 31.
cent ; ulx months, 6 per cent. 1
Aoi.nas Con In J; ' " eab A 1, pf. 174;
S B.1A.M4 . con m Cal M , Rears Hbk pf 1 r
.Sj'!:?; Pf A ' 2ha" Aria.. 17
031.217 co'n.ol.Oas .. St L & S F. . i
LONDON Money Is quoted at !
per cent, unchanged. Discount rate for
short-term bills, ,3 per cent, and for
three months bills, 3 9-16 per cent, unchanged.
Reserve Banks' Diicount Ritet
Official discount rates at the twelve!
renemi itcnrva oanKs were as follows :
(The first column gives the rates for
all periods up 10 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 lotxfi se
cured by Government bonds Or notes.)
Cora'I Paper , Oov'l paper
" ".. . ia to 90
. u.ii uara ja asy
Boston . . ,
Nsw York ......
Pblladslphla ...
Cleveland ......
Richmond ,,,,
Atlanta .
Cblcaao .......
St. Louis ......
Sllnneapolla ,,.
Kansas Cltr . ..
Dalits ...',..,.,
sua rranciaco
l ft r -i
4 4S 4 4U
A 4U SM 4
t ifc'll i
4. 4 V, sS 4
(sua francnco,.,.
:??: 'vPc -.
Two high records for Pittsburgh bank
clearings were established Saturday,
when exchanges for the day were 126,
778,600 and for the week J12J.6I5.107.
The nay Consolidated Copper Com
pany reports for the quarter ended
March 31 net profits of S1.02S.236,
against I2.647.6U In the preceding quar.
ter. and a deficit, after disbursements, of
1471.316, aralnst a surplus df 1993,693
In the fourth quarter of 1917.
The London Stock Exchange will be
closed May 18 and 20.
i
Some New York Cotton Exchange
members are petitioning the board of
managers for a ballot on the proposition
to close the exchange on Saturday's
during June. July and August.
Da Pont's Declare .Red Cross Dividend
WUaalagtea. Del-. May II. A Red
Cross dividend of 3 per cent has been
declared by the E. I, du Pont dt Ne
mours Company on Its common stootr,
yaoia stay it 10 noioaia or rfeora Slav
mn oivisana .asaoiwia 10 ai.MLttf
ii.i iiei 11 "-i , " s own., iiu
.! alter taxes ... ii,4in 5t.wi5 fvin Si H H P1 7 Stand Mill ii "
Net oper. Income ,. 4J'.,5SH M22.S7A Rn trajson. .1 St Mill nf '" ' ,i
.ree months gross,. 8.S51.05O '458.208 D't g.'i'nat 68 of, ,?',' P; ' ; JJU
.et alter tases,.., 1SS.6J7 1.U88.31S Elec Str BJl. "J Studebaker pf 90
,-. . ... . r., . , no-.c. lUMiS Pi...??' StUtS MotOP. . 1U
,.,. ALS.A.. . 4V.r.V. .1 . " .m
X
First week May .... SS.03S.000
BOSTON AND MAINK
1917
Tiif endd December 81
Operatlns revenue. ..$59.481. 777
Net revenue I2.65S.2SS
Operatlns Income.... 10.401. S87
Net ocerat. Income. I. Ill, SIS
Qrosa Income l."A,40a
ist income.. .ssv.iov
NKVV YORK. NEVV HAVEN AND HART
rjnu
Year ended December Sit
$35,009
$4,106,283
530,640
4.A4.1 097
17.101
4.502.184
400, OUS
1017
I.7S4.692
rinrallna. revenue ..SH.1.
VK. . nm at a as
Oseratl'nV Vn'cVmV, . '. . 50'.4R0'.957
Oross Income -7.741,7I
-vet ........... '.ivi.vvv
COLORADO AND aWUTHERN
First week May..... JSU'Snl Ml01
From January 1... 6.752.204 '700.5J4
Dscreass. '
"ss guP SU 1st pf 9?"
ie Il3 S.1 Por RlcoS.110
pf' is I" Co lVi
ve... 17!4
1 prf.
ma .. 40
yn. 42
Type.l00H
Mi. 4U
Tn 11
Ugi & M Pf .108 Un Car St pf.102
Lorillard ....1" Un Dr 1st pf 48
Loula & Nash.IlJH Un Pap Bra,. IS
n Claar
nan Clarar
..V un Cn
li.v F.leo ....lPl Third Ave.
Homestake 1. Tob prod prf
Iowa l-em ... -- . iran wmi
Jewel Tea ... i Twin Clt;
. A V an Pf. 60 tlnrt.rw
weok A D M. 4 Un Type of. .'104
Lacledje .gas., so Un B ft Pn.. iu
LOCAL MINING STOCKS
TO.VOrAH STOCKS
Bid
Jim Tlutler 72
MarNamara Ill
Midway no
vilipah Kst on
Montana 12
North Star 04
llescue KUIS oil
IVest End 81
IIOLDFIELD STOCKS
Atlanta n
lllue Bull 01
Ilooth (H
numondnfia 11 11 ,111
Halsy .01
Ken ansa O.I
Orn ot
tisndstorm Henaau 11
Silver Tick 04
MISCELLANEOUS
Aril United 20
Nevada Wonder .80
LONDON STOCK MARKET
Ask
.75
.20
.07
.08
--14
.11
.83
.09
.02
...ii
.0?
.Of
.01
.02
.0.1
.0(1
.2.1
.90
SUBSTANTIAL GAINS
IN COTTON MARKET
Irregularity Develops and
Price Movements Are Gov
erned by Loral Operations
COTTOV BELT WKATIIKR CONDITIONS
n.Il.'.V'"'k Mor IS, J!" '"Ililn fern
neraturrs were recorded in the rotlon belt
lh's mernlpst
Fort Hmlth and Oklahoma. AOt Memphis
nrtd nMille. A2 Little Rnek and
W"'"H.r- 4' AMonfa. "s,KVlefclS
-'. B k n.0"il.,' J-' alveton. 4
i,,pl"-athip!;,. 80'-.N,!i. Orleans. Ma
a.?,..!.nd '!in!". Tliomnsvllle. 70l
ifi',V,,tt; Charleston nnd Ullmlnston.
721 .HontromerT, Nomnnah. Tampa and
Jarksonrllle, 74, nnd ensnenla. IB.
t iT.V,"'e w,"" -Hi '"''" of Precipitation al
Little Kneki .20 at Conn.. Chrlstltl .24
at Galteston, and .32 at Aucusta.
New York, May 13.
Advances of 40 to 61 points were re
corded in the cotton market today. At
one time prices were materially higher,
but there was no supply except a mod
erate amount from" Liverpool.
Later Irregularity developed and price
movements were governed entirely by
local operations on one side or another.
Probably the predictions by bulls that
there would be Another unfavnrnhla
eekly weather and crop report on Wed-
ovaunj. mu inucn lowarn Keeping prices
above the previous close.
Except for Liverpool selling, offerings
were very light during the early trading,
and room sellers bid prices up some 60 to
73 points before securing cover. This
bijlge carried July up to 26.69c, com
pared with 25.90c, the low level of Sat
urday, and 27.24c, the high price
reached on the rally of last week.
Demand then tapered off, however,
and the market turned easier during the
middle of the morning on the favorable
western belt forecast and disappointing
private returns on domestic mill consumption.
There no longer seems any prospect
that domestic consumption of lint cotton
for the season will exceed last year"a
figures, as the total reported up to the
end of March was only 4,400,233 bales,
against 4,508,916 bales last year.
Saturday'a
close Open Hlirh I,ow- Close
January 2.10(1 2.1.22 2.1. 73 25 22 2.1.78
July 50 00 S0.1A 50.70 SO.OO 26.48
October 25.01 5.1.40 5A.95 2.1.30 25.70
December 23.12 2.151 25.81 25.51 53.50
London
15.30
Atchison so
ranadlsn Tactile 100
Chesapeake and Ohio... 02
St 1'aul Ail
Erl V IS
do 1st pref .12
Illinois Central lot
l.oulstllle ft Nashville 12n
Central Pacific 76
Inns)lvanla 40
Reading . 02
Southern Railway .... 80
Union Pacific 150
U p Steel 114
N T
Knuiv
H44
1521
AOVi
47S
soil
. 0
in1!
72.
45:
-I-5H
v
sit; '!,
15"I li
10SV4 Ti
Liverpool Cotton
'Liverpool, May 13. Spot cotton waa
quiet today, with prices firm on the basis
of an advance of 16 points for middling,
old contract, at 21,70. The sales were
21.000 bales. The receipts were 17.000
bales, none American. Futures were
quiet la the early dealings. Old contract
spot prices were: American, middling
fair. 22.91d; good middling 22.23d;
middling 21.70d: low- middling 21.18d;
good ordlnar' 21,18d; ordinary 19.66d.
Mackay Co
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pi law u a
pf.101 US
Cotton Buyers and Sellers
New Yerk. ;May 1. May Mitchell
bfd. Hartcorn offered. .
July Cons. Mitchell, Bartlett. Fulton,
McOhae, BegaU Srilar bid r Wilson.
Hyman. -Wlerck, Brooks, sPeera and
Hollar ofred- ' ,1 '
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Direct Private. Wires
Philadelphia Pittsburgh' Chester
We have, just prepared exhaustive reports
on all of the following securities.
United States .Steel
'Distillers Securities
Baldwin Locomotive
Bethlehem Steel B
Republic Iron & Steel
Gulf States Steel
Curtis Aeroplane
Wright-Martin Aircraft
Aetna Explosives
Submarine Boat
U. S. Steamship
Okmulgee P. & R.
Copies will be sent you free for the asking.
WINSUOW TAYLOR & CO.
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I'M
1918 '
MEMBERS
TOCK EXCHANGE
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