, v . --
r r n ' " ""
F ifHEfFlWMCffi, WORLD-MW YORK AND PHBAMLmiAS
i?i-1
c. ' fi.
fiV J.T '
DbMMMHl
vrrr '
iwJir Ik
MpMftPfea
1 M Nr. Litis t 127
. tj.m.ooo.
itlf rim lltrf on standard
eosjing 17.100,000.
tilt Tnitt Co.. el Phils.
f, Trustee.
lo MTinft banks la Con.
... New ' H.mn.hlr. an.4
t'l.lani.
or- Pfltcinl Descriptive
Circular re Idl
iNationalGty
I V.U1IIUC1I1V
,, r
CKr Buk BU(., New Yerlt
tttpHiml Often m Clu
ela-1421 ttttt.it St.
''.Telephone JS5 Locuit
Li-... ....
-oerr irmjimr-Atnfiuni
REALIZING SALES BRING ABOUT
REACTION FOR MANY LEADING
STOCKS IN NEW YORK MARKET
i Baldwin Locomotive One of Most Prominent Features,
Gaining More. Than 8 Points Midvale Shares
Respond to Government Building Aid
Nctv York Stock Sales
1
Adv Bumely
do pier
Alaska Cold M
.Mils rhalm
uo pref
II lili
lVi
.11
.111,
SU,4
High Points in Today's Financial News
The .Vrtr York stock market vns compelled to absorb realizing snlci,
and tome In mm it err tmder pressure while others adianced. llaldutn and
Mldialr u-ere ptomluent, the former whnnclng mote than fl pnlnti. Curb
business Increased, but prUes ucre Iriegular. Com tins iirrtoiM. Cnfion
declined Loans to Miles helped loielgn exchange. Ilumuri ueie heard
here that Jlnlrhrln common noiM soon he placed on a dhldend-pnglng
nfiilt. liar slher tint unchanged In AVir Yolk and London.
I Mi
.n
l.
an Vi
"Mi
Is'Jt
in
i)fl''i
Wot
.Ilia
3? Vi
HiVf.
.M
13
nnu
.11'.
l.d Vi
lis
HI".
KH
Net
rio ens
1.1 Vt 1'
3
l
CORN IS IRREGULAR
DURING MOST OF DAY
Sales in Philadelphia
II VI '1
.in V,
sn4 1
SSV4 '4
3 1 i
33 Vi 1 I
SI '4
LI'S. ',
filVi H'i
:tv "s
iwy, 3"
dm 1
mm 4 I
SUV, '(,
1
IKETORPEDO
at caused this stock to
Lbcliae more than 80
Vjacr cent.?
---as the retirement of the
' headed debt proven its
fp fining power?
,-i-what stent are being
! taken for commercial
Y- nsiness following
.. S ttUM?
1 !? JuaI t omplled nn
fH which U lompIMr in
r. dMll nd full of tntrr
c and relUhlr ilntA. It will
I 70a ffauge thf ninrket. lip
or mention l,Tl. and
Hrt will he mallfil without
tlon. tojcMlifr with th
IHwa on 35 otIir acthe
r&DEERY
CMt. Htnek F.J. nf N. Y.
B dr.. Phi tdc Bh i. Pa.
i Hell. Wal.. innni R 4ohu
.
.-
i
IfV
ODD LOTS
PARTIAL
PAYMENTS
IhBtoktel Mailed on Request
-?HUGHES & DIER
liL.K... Phlla Stock Kichanun
(.T?1"" lChUo llnard nf TrHd
11S3 Hl""t xtrrrt
New YorU, May IS.
The tocl( market nni called on today to nsaln (ustaln rc.ilUInK .ilet
In lame olume, nnd. althoiiRh the bujlne power phowed a substantial
Inn ease, the supply was sufnclent to hold many stocks In check and
caused material reaction" after early advances
There were some special movements, howexer, with several nf the
steel Industrials aKRresslel bought, apparently for some special reason.
Baldwin Locomotive became one of the most prominent features,
n(fvanclnK more than 3 points to 97. and the iiiranscnientx for (lo em
inent construction of additions to the Midvale plant were responded to
with an advance of 14 points In that stock to S4V4-
The createst call! of the day was made In Teus Companv, which
moved up SU points to IBB Ohio Cities (las was also stroni;. uilvnni'lns
: points tn 12V and Corn Products advanced I point to -t.1'4
It was tlm gcneial belief thai the market was underKoInc n severe
test of lis stietiKth because of the constant suppl.v of stocks which, under
present pndltlins. must necessarllv be llc.uldatlon of lone holders II
was nut in al to assume that there had been some Icsvcnlns of speculative
lines p.irtlv because of a desire tn pla safe In anticipation of another
Herman drive which has been foreshadowed for some clays In the tables
from Trance
No uneasiness, howevei, was shown In anv o,u'irter and man.v of those
who were ellers nf sto ks Insisted that the hlnh price alone was the chief
Incentive for their action
United States Steel ranped during the day from 101 to 111, with
frcUent rallies and reactions.
New Haven In the eaily tracllns advanced more than " points to 12V4.
but lost most of Its Rain In the afternoon.
A substantial Improvement In the bond market position of the I. lb.
crt.v rtnnd Issues was noted todav, with the I,lbert I's. In increased
demand and ranslnR from 97 78 to 97 88.
INCREASED BUSINESS ON CURB
WITH PRICES RULING IRREGULAR 'H
Am IWt Suinr 141
Am Can 41H
do pref . nnVi
Am Cai . Kdy si,
.in ini vjorp ai'Ji
Am Cotton oil sn'i
Am Ice Sec 33',4
do pref n
'Am Hide k l.ea I3"i
do pref . nUi
I Ant Unseed 3
Am liocomotlve nn1!
do pi of . lis
Am Smelt Inir gK.
! Am Sin nf A sk v.
iAiii Sinn Toll ikhii, lJi, tinu ""''I
Am Steel Kdrv nf), nn nn I "4
Am SuKar nil lll'j Ill's t l"
1 Am Tel & Tel ni us,, n "4
Am Wool ,ini, lXl M'n I
Am Writ Pappf .115 2I14 !S
Am Zinc K. I.d IHi,, 1 1 x l?li '
do pref 47V4 I'Vli U'4 '
.Amnonilj n'H nsi(. ns'Vi
Atclilson s;t, si ni'i -l''
do pref m m sj ' 1
Atlan i'oisi 1. ii't. !U' !U' '
Allan (1 i W I in-ii, IiiHKj Kill '
do nref n n: n:
Baldwin l.non nj sri t
a:
AM
nn
SKI
J;Jj 4 .Sharp Declines in Early Deal-
' ings, hut Profit-Taking
Causes Rallies
tilth
!0 Am Can . 4JV4
An Am l.nco. nn
I HO Bald l.oc Ol'fc
Cam Iron . .
nit dec Stor MV4
AOIIrie . .. I1"ii
SOfl Asppf 4S
In Co NA .
1 inn: i.k sup c 11 i
nn
ntvi
Net
I'm "v. JJ4
nn 114
im nl 4
140
A0V4 -"V4
4 4
t"H ... ..
mil. 114 Hi
H4 01V4 4
ni at -r?4
r,RiN nr.tvr i:tiif.h foitKrAT
(hlrncn. Vtar J. Illinois nnd Ml
ourl rnlr tnnlnlit nnd iro1nbly Tliura
Uj . 1
tUronln Pitrtb rloi.Jv In outn, nron
rltlv .li.n.rrs In nnrth to.iliht nnil riu.rs- I
.lav,
Mlnne.ola I'nrtl rloudr tolilnlil nn.l
Tl.ur.lflr. .
Inun l.fnrrillli fnlr Innlnlil nnil Tlu.rs- ,
.In 1 uiirmer tonlxtit In enst. '
North nnd smith Diiknta - rnrlly
rln.t.h tnnlKht nnd Th.trMli.. i .
Nebraska nnd Unnsns (.enernlly fnlr I
tnnlKhl nnd Tht.rsdn). . I
Vlmitinn Pnrlh rlnndr nnd snmejhst
i.neltlrd Innlthli Thur-dix urnernlll flr. '
VVwinilnc l-iirth rlonilr tonlnht nnd
1lit.rdu.
324 li
ilk v, W
The corn in
son I.eh Vbv
t -U 1.. 1
n5o Midvale sift -M'fc W 3V
250 penn II u 4.T. n?4 -
.in Phlm Co
rum if 35 14 31 i
.101 Phlla Kee S.1V4 -Vt
Phlla K
Vet
tin P II Tic -:n 1.U4
on neadlmt nn'i nn
no so rt . s.i'4 siH
Ton Pel
SITnn Mln 3 3
10 Cnl.in Tr II II
im t n r n Aitn
S21.1 I' . Steel llinj MOli IIVi 1'4
inn v cramp 11 11 "
tQuntallon nlven Is rsterd.$'s close
Tnlsl sle. I1.M1 linre. rnninsred lth
20 V4
nn'i tV
3IV
3 A
II V4
ni v.
LAKE SUPERIOR CORPORATION
MAKES UP BULK OF BUSINESS ,
IN THE LOCAL STOCK MARKET
More Than 7500 Shares Change Hands and an Advance
of lVs Points Is Recorded Storage Battery Up 2.
Baldwin Strong on Dividend Talk
Virtually the entire Interest In home shates In today's trading on th
Philadelphia Stock Exchange was centered In 1-ake Superior Corporation,
that Issue belns more largely dealt In than It has forn long time and Its
price advancing 1 point to 17;. There was wide discussion In brokers' offices
as to the cause of the unusual activity nnd strength, nnd, while nothlns
definitely could be learned as to anv special developments the opinion was
iulte general that It had taken Its tuin in the response that has been noted
In the most of the steel Industrials since the recent rapid iic of t'nltcd States
Rlecl common. Sales totaled more than 7E00 shares, with the demand good
I l.l.avn lnv lit ' mm. fcs.es. . i.e. fc.inrr. I""'''.; '" ', I
. . - !IJ?ii. ViiiPlnc ""-'A -hares elfrdmi lhn for this Meek. I al tn ciot
irket was nervous miring so 19 ,,, ,-lmf ,r0d 1tt rek, in,- "' l"e -'"-v.
i Ilaltn . Ohio
do pref
Harrett Co
I lleth Sleel It
do 8 bet pf
nkivn nap ti
I IlllrllS Illfis ,4
lllltte C K V. Illiv,
I Hlllte & ,ii r 3 It,
Cal Petrol in
do pref SH4
Canadian Pn. I Pi
1 Cal Pack Co 431 1
1 c.nlral l.oatli i,
dn prrf nil
Celef. ie Pa.i'0 3V
Clips Ohio I.I
. chic (! Vn :'.
I do pref -C
Chi M & St P II
do pief It I,
i Chic K North 111
I' II U P.ic tr it's,
In I! pc pf tr 110',
do 7 pc pf tc 1 1 '4
Chile Copper IH
Chllin Con Cup 11
I 1 01 l-llel tc lion l
i-ol lias & i:iec .!s(
I'onsol Has III 1 1
I Corn Prnilmts 131,
do pref li'i
I Crucible Mi el 1 1 '
no pier III "4
.-.Hi .IV),
A"( .11 -i
nn no
Kiii s:i, 4
on .', Km', i iiinnj
iit r: ivh
1 .1 i in
',
nn
?
( Vet
Low rinse ch-
so no
13 If, 13 n
11 4 1'V.
nl.10 01.10 50
the creator part of the session todav nsi hurr
IhciH was a sharp iiernne in ...e mi .j noNps
deallncs. but pront-taking ny -i.".." . . . nuh
iatise.1 a rnllv to above the previous Siono Heth Steel
da s Iln.il prl.es . . I ,non ,;, r .,
However, when prices shnnen nei an- Tr )s .,,,.
v.inces, selllns ianie In from scattered, ;noo I.eh Val
eounes. and held the market In ilurk Ken 4s ni,
T.-ifllnc n.. fi.lllv nrllve with I nllltnls- 51.10 l.lb llonds
- ..l' II nm
in., ins, smi. nouts anil imai openmne " , . -, . . n -n nn in 4 40 1
rtu .an i ft . t . , . n't.,. u.nlh,r il.nO III. .I'jSO'l.lO IIS. ,11 I.ll. II. t- .4";
IK IT - "a u i ii. ... ,n, n I mp, Hlie We J. I Iter . ' . ..n .
1 i l I ' , i.nr II nns i,.. f.11tri.tile fill lllalltlllK usn .,,. I.. l. I u. n. ,1 111 in
' : J I M.iv npeiiiil Ht Jl 57( and lose In lonn Phil i Clei-
I lift:;', II ended at $t,J7 bid a de- iM s. .niv, II4V4 0IV4 M
in. .11.,.. ..r l.e .lull slnrled (It $l43'il , iOOII 1' II . V
' ' ' ......... ----. .....
.Ill', .11
1IX tl'l
IT. 13V
UK'S, "I'll
nn nn
.111,, 311.
, I
Is
.MIS.
I'l
5C
ll's
13 i,
'II
J.I
no
11
mi,
in,
MW
3i,
S'l'4
li's
tl'l
I'l")
iiM
fl'i'S
"i
I i
Klectrlc Storage Batten, which tame Into piomlnence esteiday be
cause of Its good momentum and sttength, had n furthct upturn today nnd
advanced to the new high tecord for the ear of r.2Va. n gain of 2 points over
estercfa's close price. Transit certificates gained Vi, Philadelphia Klec
trlc wns up ',, Lehigh Navigation lost 1'4 points, Tonopah Mining scored
a trifling advance nnd fieneral Asphalt picfeired wns unchanged.
Midvale Steel responded to reports that the CJnvernment would build a
plant for war work to bo executed b that inmpans bv making a gain.of
3H points, following the same course ns on the big boaid, and, while no sales
.f llnl.l.. I.. ..r....... ..! ... .. u Sa ...... .. ... M nit unlnu (V.nt. Ku (. n .. , 1 I .1
0l nil. flll 'i i i.inilii iRiuncu unit, hmii uir v.wri. it irn cnini, -o,n uini in,,, .,., u
9I'. up 4 points. No definite news was heard as to the caue of ths
I he lilch was ! 41 . the n SI tl'. and
'4 ihe i lose Jl l.1.'ii I I32 compared
vvlih Jl 11 -ni Tuesdaj 3rn ";M;t;rV'.Vi ifiiiV Z't TidViVeek. VllMiooi strength nf this stock, but It was rumored through Important channels that
,,' In the eail.v dealings o.ils lenrcien M,me period ln.l week. s9V..10(i.
It's 4 !i the WenKlirss "IIOM II 111 1 OIll. Hill IHi' 'I"' " "'"H'i "-- l'i.n.v, uu uixuuim funic, nnu lino .,wu,i,i.-T tn... , p.,c.,hi,.t,-
ni - ft lr.irKn!-rtH!lV.X-?rrl:,'7rltZVn,T PHILADELPHIA INACTIVE STOCKS Ing Influence.
if, f I 'a congestliiu In the Mnv opllon was again Following are nuotatlnns for Inactive Steel common advanced " points carl.v In the dav. but showed little ac-
?4 ?T',,,-y4ln-lnfn,'iu "t,n'U '" .nxchHiige T,,d In whlch"rhe.e wer, nS ' tivlt5 In the later trading, nnd much of the gain was lost, but at the close
lllllliencirl lillVIIlK III .HIIJ l,,,.ll,,, lrf,. Th i.rlea frlven IS mrteo Ihn.t t.nm.rl
Itcpmls i.n the ( rnp general v wen- previous close:
H'i
I il v
II
I
IS'i 4 i.niiniuin inn nun i"t i, rlll.- .... , Acme T 1st nf 13 I eli 'v rlehts
.11., V. .ash p-enilums leinalned "tuhanged Jj TeL'VjS' B4 "LVp-5 . 174
t',4 I .Most of the business was i iiiiftncd to ,, Wap , ,rfh Va, Tr pf 2tu,
nn i ,?Mni.il operators 'Alliance Ins . 19 L N rd rt pf . 41
'.,, ;,, Mhv started nt thn lowest 7. and I mor ('.as . 7S I. Nwrwrl.. 7
mi: i i..i ose.l al the mcnesi ai in-si- in ..-,....... .v .. .- i.iiuo ..nuj... 2"
.."." ',I, .....' '. I' . I ..".'., . .. V... .,.i ,., i.r. the Amer Rwv 30 Lit Brothers. . ISUI
' r vr m i Y s sr , ;: ,;. s ;.,, :Tn .! -..i'i""'..!! t, "'-,!? .ms k transaction emm
n I. A V II.-. 1111 till ,.!,. ,.. r.. ..I.-.-. ,i..,l.isl f.fic. the 7". ' Si1"-- " :lorr."'""" - H IMn ell.n fie lh .lenllnu
1 ! ..''.' .... :!. .'.. T ." pi ev Inns final Vinet s'trs pf 93 Vorth Penna 80 , Llbertv Loan bonds wete t
III 1 II f I -I " TI " IP t T - .. IJi.lllIi-1 H1U ... CI.1I OB I
Home Mines : -a n, 1 4- '4 ' ',7',IV' 'ul.,,",'.;."rrl "" ""'""" Ve.i nni .1 r: nf' 70 Pit T "'Jl' of the .Hjs, regular 4s and c
libtlllei- s,,.r nil, iiji. ,,i i, ,, f 1 1 v. t.o i-ie-( !; Ruf A Sus t c .' Phlla Co . SB while the new 4 advanced to
Crle Hi, I0T in', - ' u. t .; 1 --TJ- .;:.; J - ramh See. .127 Phlla Tract S7
a., i.i ,,,-r si i. sis., mi. i. ii,i i i" i rj V, 1 i 1 ll'a I US. , ... , i !. o .;.".. ni
.... ..-. ,.... ... . .. . n - . . - .....-- tmnnn lei II Oi I'll C It CPI "l OS .... tr ,. tt ,
llri "fl 111. f J4I. 2lu 5IW . ...l . , f-au,,u n,t f .. li- Tt.ffl,, '.l. I nlnnlt Wi. I rmitil c
rjnslrin-Wlns .M-'i 31 .IP '4 ?.'. .'., " .'.,! A-.l. .'..is? mi f-nn True V -I C Oiit t'n Hen 5 fl J '
Some Ifcsues Move Into Higher Level? Independent '5
.s . '...... . . . '"I Celll
Uils rromment Airplanes ijuict Accumulation
of U. S. Steamship Continues
run lliec Co n
Oeu Mi.K.is iii,
do nn f HO
Ureal oith pf !U
lit Vol ii. e"i.s II'.
fJreene Can Cop Hi,
J Ml 'II ,
tl'l I
I5P
I'l'.
II ',
1 1 1 Vj
I i I ' N
1'1'e
I.nr. I
.Hilt
5". Hi 51 40 151 '.it .Jl 71
. 17 21 ill -' "" S-1 "-
rnettOil&Gas
DCRT SOLD OL'OTEn
?' 2'H'm
i9iSKC
fllMorton It. Alexander
Ha. Stock Exchange Bldg.
11 Willi. m Kt N. 1. CUT
niVIDKMJH
IDKi.riuv CI1VHMS.V mi
UARVNTKHNII VIIIRTIlAri.M
-'- 4 Land Title llulldlni
NC4II ...... .,......, IJ.IKKI.IHIIl
piu. and Pronn 73:.. 74"
-. PhllB.llnh.B Mau ,S ln.fi I
V Board of Dlrertnra h ihl.'il.v A.
1 dividend of Three dollurs 1(31 per
wysiiM-r w.ui an extra aiv.a-na o '
tB ( BOl nee khur. unnn lh. l-an.
Rock of the Compan, payable June
. 10 aiocanoiaera or record at tha
. oua.neaa Aiav .u, mis.
will b- moiled
, BAMUKU C. BPMO.NDS.
? Treasurer
New Ytirh, Mav l.l.
There was nn Increased volume of business on the Curb, with large
trade In man Issues, but prjee movements weie Irregular like tho'e on
the stock exchange, with few stocks moving Into higher levels.
The Independent oil stocks were prominent because of the compromise
reached in regard to Clovernment supervision, Midwest Itetlnlng moving
up from 10D to 112 and Merrltt advanced fiom "2 to :.'7,. Houston after
telling at 4J declined to 4.'..
Chevrolet was the stiongest feature In the early tiadlng, advancing
o points to 130. but later lost this gain.
Burnt. Brothels Ire was under pressure at the beginning of huslness,
dropping from "ft to 21 in the first fifteen minutes, but later In the day
rose to :6'i.
Aeroplane stocks were quiet, with Cuitlss traded in at 341, and .14
nnd Wright-Martin ranged fiom I0U to 10'4. .Submarine Boat was In
better demand, moving up from 1S' to 19 There was continued accumu
lation of United States Steamship nt C and C4. Air Jleductlon solcf at
7:.'S to 71. "
Mining stocks weie quiet with Mason-Valle.v selling nt 4.
-
IMIl STH1.I
ECTORY OK At COHNTATS
"CTtlfleJ ruhlle Aeeountant.
Hid
101,
3
3V4
Vea rln.e
Aek leale)
Aetna Kplosives
Am nrlt Mrf
Am MnrLoni
Amer Writing caper 5
Air Reduction II
Canadian Car Co 5n
.WHENCE E. IIHOWN & I'O. HS" l "V ,.U " ' SV
L.AI. (.STATE THIIST 111. DO l.muwi "'". ,:T
IATK 4 ADJUST PArtTNKnsnip ' C.ievro et Motors 111
TtO.V a DISPUTF.tl ACCUUITS t Cramp 1!
. f urtlsa .veropiane . va
ICarwen Tool n
Carbon Steel 110
i:merun Phonograph SI4
J Fedcra Ie
.. . ..
. Ar"
'Lk
)N GOES LOWER
LWEATHER REPORT
ince Encountered on De-
Saves Prices From
,K Further Losses
r
' Birr.T TJTIir.n rovmrmva
rVark. Mar 15. The follow ln lem. I Standard Motors
Ilendre Mfg
Inter-l.uhe
Kathodion Bronze pf
Lake Torp Boat . . .
Lehigh Coal Sates
, Lima Loco
Maxim Munitions
1 Marlln Arms
N V Shipbuilding
V A Paper Pulp
I Otis Elevator
Peerless Motor . . . ,
Poole Lng
, Bedden Truck .
I Scrlpps Bootli
S tS KfeSge w- I
1 were rerorded In the rotlon belt
nn;
a. mil AO.lene. .141 siermian anil
. ftf 1 flan Antonio. AS. Shreiennrt.
altb. I.ltlle Roek, Memphta. .Mont.
rand Knoxvtlle. 6O1 Atlanta, nil
xsew tirieans una THnniaTllle.
I and HmlnatAn. ASt I npnn.
GalTttton and renurola. i
on, Havannah and Jarkaomille.
va. 70.
wo. .13 inrh of precipitation at
1 ana eanniu ,:s ai jackann.
.44 at Mllmlnilon.
10
I
lit
no
13
14
nn
40
3
1.1
11
,10
i.i
no
13
I
lV4
05
14
n.
nn.
51
30
M,
IOI4
I
in 14
n
31t
5Vn
in
31
no
n
151 I
HO
31
II
11.1
3
50
3
I
A
ni
41
A
no
13
3",
.10
in
m
1.1
11
nv
13 V,
1
IB
100
14
H
nm
5.1 V4
33
H
I0T,
1.1
3V4
14
Mi
II
imi:i-i:.ndi;nt oil stopk-..
Merrltt Oil .
Midwest Oil ...
Met Petrol
Ohio Fuel
Oklahoma lief
Itlce oil ...
Sapulpa lief ....
Sequoah , ..
Sinclair
United West Oil
13
Steel Allo
Submarine
St Joseph Lead.
Todd Shipbuilding
Trlanrle Film
I'n Profit Shar. ,
U S Steamship . .
United Motors
United Sugar . . .
Worlds Him
Wright Martin Air
I Zinc Concent
.STANDARD OIL
TlltnnU IHI 10.1
iWM a further decline of 47 to ohlo . . 337 311
hmhI.J In S. ...... ..-. . 1-1- ni.. sss was
.viiiucM 11, me vjiiui. 11.a1.1c1 1 ra.r.e 1 ie ..,. ...., r"
arc l-aa treneral celllnir on lha Stand Oil Cal 3L1 '-IS
ttathar renort tvhleh wan ..,- Stand OH N J 114.1 MS
wish on prices, and but for htanrl " N v ' s, " . '
nc encountered on the decline. iMir,rr.iiii,.n .,. nttitrte.
flower leveli would have been Barnett Q t. d .... Vi
Itrt Wtfl mni. hllv n In. tr.,1. ,1 osafll V.O. n'?, ,M
Boot armunts In lh mMrfl. e LIk Basin . . ,
y?
r
New York. May 15.
oo( accounts In the middle of
I Federal Oil
Br 1 f&n n.irni
rly break of 35 or 40 polnta was I Houston Oil
i ny rallies oerore me DUD cation
i Weekly report. This proved un-
bearun, however, and In-
renewal of general pressure
ed another violent break in
lr contracts sold off to 2LI0,
ftta under last night's close.
i wltnin 15 points of the low
on tne break on May 4.
aa, covering at the decline
0M. .
S STa
1.1 13V4
4Vi 4V4
87
nn
5SH
I0H
31S
517
2
MININIi isTOCK
IA
Alaska Standaid .
Atlanta
Big Ledge . .
itutte New York . .
Ca &. Jerome. . .
Con Arizona ....
Lmnia Cons
First National . ..
c.oldlleld Merger ....
Ooldfleld Cons . . .
rio'dtield Florence . ,
doldfleld Kewanas .
Oreen Monster
Hecla Min.ng .
Howe Sound
Independence Lead
Jerome Verde .
Jim Butler
Jumbo Extension
McKlnley-Darragh
Mrgnia Copper .
Mother Lode .
Mines Co of America
Vevada Hills
Nevada Wonder
.Vlpleslng . . .
Ohio Conner
Bay Hercules
San Toy
Stewart
Tonopah Extension.,
United Verde
West Knd Con
While Oako
J White Caps
lerlngtou
BONDS
Bethlehem 5s . nn
Cosden Oil 6s m
Cosden & Co 6s in
Cudah) Es ..04
Bussian Govern SV?h . 31
Busslan (loveru'is , 37
South Railway Ss,, nna
Sinclair Oil 6s ... . 10
Todd Shipbuilding 6s. 08
hit griuil n:
lii-plrallnn Cnp .-.M
Inlerb Con Crp H
do pic f II
Ini Mel Mar ;"',
do pief Ii I !
llltilll.lt P.ip IVHj
Int Nlikel .'
Kan Clt So l!i'
do pief ,U'
Ktll.v-t.pilng II' t
Ktnne Cop 3.1
Lack Steel . nil
Leb Valli-v l
Lee Bub & Tire in.i,
l.lg & M T pf.MI1
Louis Nash Mil
Me Petrol . liny.
Miami C C 31ii,
Midvale Steel .1s,
M & St I. new II '
. Mo K & Te 0
do pref oi
Mo Paclllc 5I'
1 do pref .11
Vat I -o.i & Cab ll'
I Nat Cn.iiii A St .111,
I.Vm fill Cop 31 lH
I V (I Te .t. Me 5.1
,N Y All brake la
I Ceniral If,
'.V V i-h K. M L til
N Y .V II A II t
N V 0.& IV
Norf A' West
rnvr Northern Pac
n.d v"' i','..".i I r,"n" n
"i, '., r, I' I Peoria Last
V .-. -Hi Pen Cas X C
B Pitts A. West
U Pitts Coal
1 tlu Mtee nrnf J Ii.
" Pressed Stl Car HP,
riiiiman rai i- in
Bvv Stl Spring .11 n.
Ita Con Cnp S.lli
Beading s'l
Itep I A. S IU
Iloval imtch nni,i,
St I. S F ... 13-1,
do pref S'l
St L A Snuthw 3.1i,
I I no prei aiiit,
1 14 IU , Seaboard All 1. m,
I? s do nref 11,
. m - Lt. .-.. Ilnellll. I ft
ilttilP ivtirnui rv i-f
Slns-Sheff S & I ill
lnclali (PI 3n
South Pacific.. M
Southern It II 5..1!.
dn pref ill
I3' 43'4
li?
.11
in
J I in
Kept -I ""
ItlbS
.. ii.iv :ini jr mi '."i in '.'i.i'i 3ii7
' , ,-ri jl 70 II in. '.in.' .ms.i J1.SJ
- .3 INtrK-
: . VI I.- Ml 4.'M. II Vi II." "i
. i jiib i j s ii -,-, t.' I-, tn i
I -Hid t Vnke.1 . tSnmlniil
lien V-plialt
Ht K II T
nt ii t pr
Iev stone Tel
I L'ev Tel pref
liallroad shates, although active nnd strong cstcrda, weie dull and
Irregular tnda.v. Reading gained more than I point on a few odd-lot sales,
Pennsylvania was unchanged, following an advance nnd n leailtlon below
jesterdaj's ilose, Krle wns marked up B and Lehigh Vnlley lost Vi.
William Cramp was about the only local Issue Inclined lo weakness, a
g out early at 77, off 1 point, with no special
raded In moderately, with virtually all sales
onvertlble 4s nt last night's last sale price,
98.
Dividend Meeting
1 4 '3 I n c nf N J lftiii. Ulrectors nf the Lehigh Valley Transit Company meet at " p. m. at
17 r i? tsteeV nf ' 110 " Allcntown tomorrow, when the question of pajment of a quarterly dividend
8 Warwick Iron R'4 'nn the pieferred stock will be decided The distribution has been l'i per cent
Eft it.... rnl -C I '
n -,
l.eh Val Tr.. 20 YorK Ilwy pf. 31
i.
113
'. I
Hi,
14
I.1H
III
17
n;.
'4
nii
Inn
nni,
l-'V
li
r,
47',
3l4
.11 V.
11
10
0
Vi
H'S,
11
10
li
I
lot,
-li,
1131
II
5ST,
IK
il.'lj
II
3J1,
S7'4
B01,
17',
till
till
Ill
50
Ills
II'.
l'i
!l
31',,
.1.1
in
IIVj
30-v,
3.1
130
II
in
101',
it's
1111
ni1,
101,
IIVj
n
I3'
.1(1 s
.131,
It'.,
nt
no
nip,.
S1'
mo,
no
so
131,
39 Va
KVs
IK
Si, 4- '
11 t-J
Jl'a i
III', 4
4I' f
50 N,
PI', 111
.H'b Ml.
It IV,
3 IV, 4- h.
X'l 1 "
r.i
11', 'i
101 i
in. 4 1
'll'e P.
50 ",
.-.is,
II', 4 l,
n '4
New York Bond Sales
Local Did and Ashed
-j-
lllah I n
J:,10 nclo-Fiih Ss :ij', o;ts
i'liini Vni Tel ilt Is Sl, kl
Jiinn do f.s 'i.i', ni'
KKi'i Atihlsnn gn l M'i R1 '.
.inmi (P. cv 1s 101,0 R7'3 ST '-
SHOO Ball A. O 3'-s SO SO
411110 dn r.s SI SI
10(111 llo IV l'-s Sn SO
lono Brookn Bap Ti
f.s 10IS S7' S7,
innnn Bordeaux f.s Sii, so
4 V, 7..1J
3Vi 314
3 4 3
r ' i '4
in 15 II
.10 4
s , 1',
IU 4 U 414
3'. I
I .1 I
a 1, ,
in in
0 11 n v
.10 43 4n
.11 .in
49 .10 JV5
Hi lit
3 10
1 II,
ni, uu n
.!' '
Hi H4 4
10 13 II
3.33 7-3 J 1-.13
"r. Hi 1
3V4 40V4
S3 S.I HI
3
n-18 1.33
n 7
1311-Vh 110
II
34 Vt 4- Yt
1-.
17 411,
.11 '2 4- Vd
-l' f W
53 4 4
11 J 4--'
is 1
51 'a i2 '
101
HI I, IV,
411, , l2
It's 1 '1,
n ; 1
17 ',i
30 ',. 4 '
11'4 H
4: '
HI'!, 4-1
I If.
37 i . I
3.1i) l
KHIi . '4
Oil, 13
HO Vj
I.I', . "
5H1, 4- a,
-IU 4 1'.,
3114 14
H'S. I- I.
1H - I,
R7S.
SO'-
inoo chill Cnii 7s 104.1, in( loin,
ft'l '-
!S'a
SI
n" 1 h Vi fl-h.. 1 e u-.i. in Iciuarteilv. Action has usually been taken eailier, the dividend having been
SI full IMl.l . SIC York llwv.. 9U I n.ilrl onrK 1.1 Mm
It Is reported that net earnings, owing tn Increased expenses, have dc
creaied nf late and that the company has capital requirements making con
servation of Its funds desirable. By filing 11 revised faie zone application,
the companv hns Just taken a step looking toward Increasing Its icvemies.
About KM per tent of Lehigh Valley. Transit prefeiied and common stock
went into Ihe Lehigh Power Securities Company mergei, so there is very
little outstanding in Ihe hands of the public.
Lehigh Power Secutllles collateral trust notes weie Mining and quoted
about 7! bid tndav. Banking Intel ests say that passing of Lehigh Valley
Tianslt preferred dividend would In no way affect payment of Inteiest on
! the notes.
so
10000 Che-.Oh cv Ss s:
lono t-jii ut w 1 :.'H.
soiior B d Q Jt Is oit,
1 (ion .in gen 4s 83
I none M St P
gen 4s . 73 ,
Kino ,ln rfd 4-s 601,
.inon in rnnv .Is '! 1 I,
I nun dn rt 4l3s 71
Mioochl B I & P
lfd Is CR
1000 1 -ni .V So I l2s 71 '2
S.IOIIO I'ln nf Par 'is SS'j
Lliion Con (i cv 6s innij
,1000 1- nf Lvnns 6s S!H.
1 1 n & it ; i'.s 71
t.non net I'nll t'ss 73
Sino.i i;re cv Is .sei
I' R.I'
I9d(i0 Frcli Bui Si:s -ii
04 Hud & Mln.ls JO
lh do lfd Ss 501
10J0 HI Stl deb i-s 'iS,
JOiiOlnterb Met 4 '.s S?'..
li.iiiiii Int Mer Mai 6s 6J
1000 Intel Agi Ks 7J
Soon Lk Sh dh Is .11 R',
IliiOO Llg It M T Ss
1000 Big it M T 7s 11.1
I noo Lorillird 7s 1111,
.11100(1 l.lb tlm.il 34 00
60 1,
1.6
7 1 '..
S.li,
1001.
ll.
71
PI',
S3
73,
611,
oil,
74
661,
71 U
S1IJ
71
721.
.1 .li
tis 10
r.s i,
r5
S3 '3
si'.
113
111
is. 1.0 no
rieee
92', I
SI-1, l.mr Stores
IT. Ilrllll J li .
cl " Hun suit 1 c
?1, .In pref
"''j llaldKlll
SI iKIei .Sloraae .
SI CJei.i-ral Asphalt
do nr-r . .
Ketat.mi' Tel .
do I c
Lake Kup Ccrp
I.ehlKh Nav
LehiBli V allv
1'enn.vU anuU
Phlla i:iet
Phlla 111
do 1 p r pf
dn rt p e pf
P It T I r
neadlna
lonnpul. IWmnnt
nil I en Ann
! I I'nlnn Trae
(I I- 11 I
I- S Sleel ..
York Itwj .
do pref
VV rrnmp X. Pon-i
Todav
Bid Ask
il.'
17
YeaterdiN
Hid V.K
...',
II
4
I'l 47 41
K' S7',
.11 -.0 11
1.1 14 1.1
.Ml IK .Ml
17",
.11',
1111
11
VV.
Jl
1J4
ss
1
I7,
11.1
in
41
J l'i
3S
33
30
111',
l.l.',
tl'.
-Vi
im.
117
III1.
4.1 1 runjTiiLiuiiim!iuiiTimiitiminuiiuniiuiiuijiiiiiii!LiiujiTuiFjtiiEi!iijii iiiiiTiijiJUMMiitiimjiiiiiiriiiiiiiiHMiFuiiiiiiuii.tiMuuH.uiurnMmiiTiitiiiMuiEiiiumiiniHLmuirmrummu nainmnn
33 I E
si! S S iUS ""What is money worth P
s- B71J 11,11, 1.7 1 g v
:.
rV..
SH.
OS',
30
Hate
per rent
Hit, ill". ICO', llii Ig
71? 01, 7', ,0', g
a 1 .1.- ... 1- -
77 70 77 70
n
Short-Term Notes
. ... I'nl.nn Oil 3
Am T T nuns. ...
S9'- ii.iii k Ohl.
0S Hallo 4 OhWi
S2U n-lh Pleel
Cj', Hkln Ban ir
-7, Cin Pa. H
-, r lit Q It 11
84 , Pel lludaon
''- K.rle liallroad
113 Ceil Plerlrle
. . , i ... I-Urtrle
'4 :.T". J... in
til ,ii .i.. '
, V V uenirai
t.pt
fell
July
luly
Kel.
.lulv
Vlrh
JUl
Auc
Apr
i'-PI
Sent
Co I', tune
4
Rid
is nov,
10 imv,
n no'.
I'l OS',
I'l H7'
is 1.7',
31 Ilk',
Jl m'i
.'.. 07S
111 mi'.
Ask I
lin'a
HO". I
ll-i'J I
":
07S. I
US',
ill '
07'.
I'7V.
I Million dn l 01.50 1. 'Ill 111.50 ' p,nn,iianla Co l'i lun
3:00011 do ll l . 115.110 II.1.IO 111 110 j.u, Srv ("P N.J .' M71
35tlill(IO 1I1, 4V, 01.IIH 111.11 OH 0.1 II ,V V M ' '" ' 1'
IflO.IMo Kan AT 4s 61', 1.4', 61', Southern j jiui
I noo Mont Power Ss S'l i, S'H, S'J'i ' J 'WJ f,.orp a .s.pt
4 I do pref
a; I Studebaker
ii. I Superior Steel
' u Tenn C i. C
10
njs,
H0V4
5.1
0J
31V,
43i;
IIM,
17
Mi's
10
noi,
11.1 I.
an 1 1 .
87a
.'
30 1 ,
II
IH
17
I, in
31
'a
4- '
4 '
t W
4-1'i
3
IV4,
l'4l
411a
IH
Texas & Pacific II
Texas Co 110
Third Ave B B 51
Tobacco Prod 03 '4
Union Pacific 13.1'
Unit AII05 Stl 43t
Unit C.g Stores 95",
Unit By Invest in
do pref IH
r a c 1 p ft f 1.1a.
U S lnd Alco 135Vj 131 133 1V
V S Bubber .'1HV3 .1HV4 .IHI4 t
H Mile s. itei i.i
nov
3I'4 133
4.IVi 4.11,
91 ill', 14
V's n '
7V4 Hit 'k
1114 11"
IIIMN VI'Mimt il , 741,
30011 NYC & H 6s 94 94
23IIOO N Y Cj 4M;s'63 973, 973,
1O00 .V V N II tc II
6s 1056 . SS SS
toon N V N H&H6s 88i- ssi-
f.ooo NY By adj Ss 20 20
1 Pic Tel Ss 91 ' 91 'j
1000 Benin Is '4S S7 S7
sooo do gn c 4'-s 90 on
...in Pub siv N J 6s 77'; 77 'i
2000 Beading gen 4s 8I, Sis,
lmino SLA.SF adj 6s hftU 6H-
lono tin 4s Ser A 60i 601,
1000 South Bell 5n 91 9 1
3000 do cv 4s 79s,
jnoo do rfd 4s so,
.inoo So By gen Is 61
2000 do con 5s 93
lOOOTexis Co cv 6s 9RI,
f.ono Thd Av 1st 5s 36
21000 Toklo Ss 97',
lono - ,s S H It 6s OS",
7I4 V...L KM Co H Pet.
94
971,
11. in os nn. , i&
jo nii.t, ion", 1 a
.'I 11 , SH Ilk
pi i. n'.
21 ms oi'
10 oN 07'. si
10 111 in I tj
1.1 .".-, ,'
IH 10(1 I0I.S
2J SO1,
III no", 00s
ennniON' OOVKKNMBNT SKCtmiTIKS
.,.- ivr See o AU, 11' t"t-4 t'l
..ia i-rehrh . a (let "30 P2' Hi"a
"ill. .n.n nf Kliii' n't Arr '10 OS', OkS
i s ' n'i.si.'n ovj -;', j :?. 3;
"n I Kw1" III" Vlan I J Mch 'jdlnl', 102
77's '.r'V. ;f"r, n s sept -is vi on'i
siI 1 ,l. 5 nf r. i Nov 'P 071, n
U V K of O 11 -l'i N"V '-'I V.
' Lonvertlbte Into Ions term bonds
70.
S0.
61
93
9SI,
36
60 Vi
9J
4 INACTIVE NEW YORK STOCKS
cunning are quotations for Inactl
07 -171. ."', ibe hut previous sale:
; ?!... '... nuMK-r S S'UBatll?'9
'DsHt... jnn I Ji 1 j ;,tj aiiSS t'K aSn I Si IS4 M., ITA A'piTp" 8 ? Nor'foik:
ut?,cr;u 'MS 'si; 'isu x i. ,iZo asAiVn-'-i.iii! iih nS 5 . Sffif'i?
1 ,Va-Car Chem 47 16 10 141 o1nno ,in sCs 1021 9.11; os
Wabash V4 0 V4 ri4 2000 W Union 4i,sS5', 85',
II (J lllCl , 1U'7 ia. V - -f !. I a
0HV
H5
HI
ni
.in
.is
ns
no
00
V4
do nref II 3.1 V4
West Mart land 1.11a
1 West Un Tel . 94 14
I Westghse .Mfg inV4
Wheel & L V. In
do pref 35
Wilson Co no,
Willi s-Ov 'land in
ISSUE NEW TOBACCO STOCK
Reynolds Company Directors Vote to
Offer Five Million of Clan B
w York, May 15. Directors of B.
J. Beynolds Tobacco Company have
... . . .. 11 nnnflnn nt ..... "n"
toiea 10 (hub ee.wv.vuu u. i...d .
'1
MONEY-LENDING RATES
.NKW YORK Money on call opened
at 6 per cent; high 6; low 5; last 6;
closed 5Vj6; ruling rate SVi per cent.
The demand for lime money Is not
urgent, a few loans have Jieen made
for thirty days at 6 per cent. It was
not expected that the counter-shifting
of funds ln,connrction with today's pay
ments would have any Influence on rates
. ... .! . ... M.t.r .Kar. InF IU. IIIUIICJ.
at the Porta for the dav u .... ,hari nf nmmnn nnd rlaail Prime merrntlle naner rnl.a m.l. .
at 1000 bales, against J475 -b" common now held. In case stock- g -,- cnt and bin), acceptances con.
. W '"" """ : holders fall 10 suDscriDe ana pay mr. bar.ly actu. ., 4U ' H .,, ,.
f bales two yearn ago. tthelr proportion of new stock before tmue partly anive at 4V, and 4Vi per
.
t,spm Irregularity, but the 'common stock at par fUOO a share) to
(n,rvft.l. mil iini..il ....u 'mmmnn and class 'B common BtOCK-
t,ment prominent around the hoJStn.- right lo sub- "'
ui.i th. ., . et 'scribe in ratio of one new share for """
4 iiu 1 the offer will be aeemed 10
vOpan HlarN mw Ijtat have been declined and subscription
tv.Jt'JS J5'!i5 503 31 3 'warrants will become void.
i fits-3ft' llJ El?. In such cases directors In (heir die-
u 'j4.4a.BiSo "i- creUpn will dispose 01 me privilege pi
3.8 fJKLtK iiio autcr.blng for and Purcha.hig such
SIDCK aim sia "-""'' """" --
sell the same. This offer exhausts the
HO'.liPn.oou Ciaea o cuiii.i .; ap
proved 'by stockholder, at a special
meetlsg In Novembet last year.
' .BANK CLEARINCS
1' ..k a.iriui todar rompartd with cor
rmtoodliHf r ,w0,.7ar,i ,.,,
..'.-. ..... xv. .4 ...-;i: ...
vi f'"';T,T ?i
11 O Hs1
.sM.tVsLVlMa
T.ftf?.Jrt iV.M7.Mil
IT.Ml.lsiO Al.lAeS.lUa
'--., liM eafal
4f4'f .. iiV.
iifrn
atai, !
aspBt.potton wail
s .?iJTSll4n.
WW HUI BAtfaasl
wtmfmSBt'i, tC
w
USUI, 'saaK
IVlMlitta1 aBW-
wmfm
11 11 11 1 Mat
JUi,
LI V4
uiv.
4."
fl's
31
.18'.
17V4
".;' 1 .? I Total kale,. Hl.lll.0O0,
"14 -r Yt f.lll,40.',ono rslrnlali lh
01 14 ',; Jll.W.OOOl same period
4nij 4-31, 14S,(HJtl.
in 14
9511 Mil Tjxnr n ,7 Novo Sei Stl 62VS
85'!' Am Linsd pf ., oh o Fuel Sp 41H
8 . Mnlt . Ohio Ciaa rtm '
W. eompared ..ill, ,m M, os 2"' "Jr. - 10 'i
bus far thl. week. m S'"''' "..nis. Swen? Ba' 61
d la.t week. 3.: "m Smelt PtJ' J'c Mall ... 31 V4
"' J.w ,if os Paeint -p t. i. ..i2
Which is
better, pay ' c
price at which
you can secure
money and
make a profit
on it, or re
fuse to pay
such price
and tote the
profit?
i,'Tiiiin:iTTfi:ii-jrr:rii;:iK,iiiMHP!iurirTri::nu.M KiitniJinuriijrKrMn.ii-iM'i-Ta-nNnnririMTnriiMuii'snTifii'Tis'iiii:!! t
Mr Christian Girl, President of the Stand
ard Parts Co. the concern that prevv from a
capital of $100 to $35,000,000. all in eleven
tears, ajs' "Money is a business tool
and iiotlnnK more. Translate money into
terms of what it will buy and you have the
real value for figurine its worth. If the
investment of $500,000 will make for you
$1,000,000. jciu can afford to pay out $250,000
to the man who furnishes ton with the
money; lie is entitled to a reasonable profit
on the tool which lie sells jou for our use"
Manv larRe concerns openly offered 8
JO. ljrc, and more, for money in the Fall
of 1914 They got it and saved tliemc1vc
and their creditors, possibly the rreditorsof
their creditors, anil so on down otherwise
this country tuJRlit Iiave experienced a most
disastrous panic
You can finance $300,000 sales, avcrainc
M-day payments, at a total cost of only
$3500 We pay you about 80r'r cash at time
of shipment, balance when the accounts are
collected by you for us, vvitliout disturbing
jour customers at all.
Our volume in 117 was over HFTN
OXF. MILLION POLLARS. principally
from Manufacturers and Wholesalers rated
at $35,000 to $1,000,000. Write for details
ninnirniiiini!in;iiiniiiii!iiir.niii!imniii'.niiiin!miii)iin!nitiiini BiHiiiiiiiiiiiiiiniiinnniirai
Commercial Credit Company
Cash Capital $2,250,000 Surplus $373,000
BALTIMORE
Represented at
PHILADELPHIA, 612 Stock Eucharist Bids
(Phont Locuit 810)
NEW YOBK CHICAIIO
CINCINNATI BOSTON
M'I '"'. r. R Pan.AmH.r' -. i?l.
". os p... vr.' " ?!- '
MilllMIIIIIWIIIIIiliWii
'Slfkj
" -r 'n, 1 .m T r v 1. -; nii-uioec pr siaj
5g FINANCE BOARD ORGANIZES1 0WpV. , $J$ii
., , .,., t ! Applicalions Aggregatinn $30,000,000 ' "jJnMtln . 1 Pitt. 'i wt pf '
Total sales. I.150.10O .hire., rompared . . , , . " . Ba,."isV..I 6 Psd Stl Par n o . -
with l.ini.150 , share. .e.terdai ihu. far1 Await Capital Issues Commillee BUh Rl..,a.n Pub Ser i,r'.,
lha wees. S..15S.400 Miire.i same per oil nkln Un ""'.a n..i. . l'or: 3
la.t week. S.343.800 .lures. Washington. May 16 The war (L SrovV ?', Xl S!? "g I.1 pf a
nance corporation, which Is to be chandler Mot. 8; .'4 ""ding ;d pf 3
E. dividend. United Druj. I'd preferred, otnclally Installed In the Treasury today, rh & Alton.. J1JP " pf.. 97 ;
II.- Pr.a.ed Hleel Car. I.. Intern. Hnn. I will rind atinl cations awa t nir llfhli-h 1 ... a nref.. sn !y tl Sug nf 97V.
..... :- . . - - -- ..-.- ........ .. w H . .,.. xai... . z- zi 1
Nirkel. Il l.lacelt & Mj-r. .1 Oulf (Hale J
n.-.l. !!. In common .lock trust certinruM.!
National Acme . : American Cotlon OH 1,
do preferred. 3, Plttaburgh and West Vlr
slnla preferred, l'i, and Slay Department
Stores, l't.
aggregate more than 130,000,000
Since the announcement was made
that the Government would extend
credit to bankers and to Industrial
projects essential to the war program,
more than fifty formal requests have
been made by various corporations and
Few of the applicants are from the so-
rViettVaVpUOO J :A?nK , V4
5s R 1st pf. HI Saxon Motor. 7
STt Can . . i" Tnd .fifff.V. ss
Bn.inn BrnUerace Firm Aiii'tm Individuals seeking financial anslatance.
notion uroKcrage rirm Assigns .. f the hodI canta nra from ilie n.
notion. May 15. Codnian Fletcher & . called non-esaentlal Industries, though
U
""-.i.l .T tT4 St Ml!, nf 1CU
J-SS'ln Ca M Ktudebaker pf ao"
Cm,.f .... 7i4 Stutz Motor.. 46V4
nret .; .- Rr. q,i ...1. I-73
r.eerr',n. P'..:
.110
Sup Stl 1st pf 98
s,t Por nicos.no
I..IU,,. ...a; ..- w..... , ..unci l'aiieu iiuiwornn.i I uu uo.r ics, llt'iugn Tl1 H. llUO.,." ni...- ""
Ci. m.mh.ra rtf lll V.u' VnrU anrf I I, ....- 1...... Ihul man., a-. ..., -. l'l 1... 1.R TeXaS CO TCtM 1 II LC
Boston stock exchanges, with offices in , public utility corporations. I "." R.r Bat. SVi J.0" PJfd prf. 04
the Shawmut National Bank Building.' With the organization of the board. K'v ft 8 pf.. !'4 IIS" S.m" ,'Vi
have assigned to fl. A. Brlcklej. of Mc . a definite program will be decided upon '&.?, chem .. . rt!Tl,"S,&n- iW
Lellan. Carney and Brlckley. Mr. for the handling of the numerous re. 1 5'" cigar tv nSdn-rJ Pe-!00H
Brick ey stales mat at current prices quests inai win inunw. rue capital - Hen Clsar P' "is ,," A'V-J"--;
. . ' ji, . .....i ... ....I,. ..,.. u. i'.-.... .....nii,,.. iig. r.h u.,...-...i i- ('(".l.. jj un B ft Pn.. 11
r ? ITn tlav e. r... ..
y
P4.lla.:.VBSta,IBW,ni. ev
avaatiai,' al,74.47I n.:ao,,a
SSii? all t U aa- sia.lin.si4
'" "T"
umL' , iiv
cent
rillLADKLrillA Call. nee rem
time. J4 per cent. Commercial
nai.er. three to four months, r. (fid n.r
cent; nix months, S per cent.
i "
FOREIGN EXCHANGE
New York, May 15. The strength
dltp!ed In certain sections of the
foreign exchange market was attempted
to Da explained oy tne extension or
loans by the United States announced
yesterday.
'Ouotatlons were:
Demand sterling 4.7SV4, cables 4.7ri,
sixty-day bills, nominally 4 73, ninety,
day bills' 4.71.
Frano cables S.IHU. checks 5.71 Vi.
Lire cables l.9. checks 9.01.
' Harlaa cables 4.10. checks 4.14.
i .Qulkter, cakkta 4U. checks 41 Vi.
u
tile LiruiluiB tuiu " ,'.m ipvti.i mail ir.u wiihiu,,.. ,,o ...... .ui.ir.a,u, iii flncinrlCn It r . ,, n.M p , " ..-s
SO cents on the dollar If they do not 'paving the way for the right kind of R???mS Cp.. S V, S'J &PP 0
naiilv nress their claims. Mr. Fletcher, industries which will be considered as !!aI?'S.T.e ...int Hn ar t pf.lOJ
or the firm. sas that the New York essential and the members of the board HomeVtakeM.il ii" iii i"'P t lU
and Boston stock exchange seats will express confidence that IHe new corpor-, ,t Agr pf... tin Panm" lo3
..m. iepv near rnverine hiocu evfnanee aiinn win not ur i.uuucu s in rruuesra .
liabilities. I
Cotlon Buvers and Sellers
w York, May IS July Keiffer,
Montgomery, Sellar, Blordan and Boun
tree bid: Downs, Burnett, Hyman, Hutz
ler, Brooks and Wilson sold.
October Schanz. Geran. Blordan and
Bartlett bid : Hyman, Bartlett and Hub
bard offered.
December Guild and Blordan bid ;
Hyman, Bartlett and Hubbard offered.
Pays Extra in Liberty Bonds -Maw
York. May IS, The Bums Bros.,
Coat Company has declared an,,extra
dividend on the common stock of B.per,
fnp canftal from new concerns not cnn.
trlbutory to the prosecution of the war.
Rule on Delivery Pricey of Sleel
New ork. May IK Judge E H.
Gary, chairman of the committee on steel
and steel products of the American Iron
.a s.eel Institute, has Issued the fol.
lowing statement: 'The war Industry
board has confirmed this committee's In-
lernretatlon of President Wilson's an
nouncement of December IS, J917, that
all deliveries of Iron ore. big Iron, bar
Iron, steel and steel products made on
and after April 1. 11. undsr contracts
entered Into on and after December 31.
till, shall not be Invoiced at prices
1...1..P than lha maximum orlcea In effect
'".r at llw of .delivery as specified In PresL
iwaCent ... - united FrultmS
v'l Tea ... 3JH U H C I P pf 41
eojt & T M- r u H lnd Al pf 7
Iowa Cent
.lewei
Keok
LTg M Tob.170 G 8 mty StVU
larlllard ....1J5 . u S Rlty ImS W
MacKsy t-o i - j,t j,e . - 50
Msnhst Elev. 5 U S Shi ft It
Max Motor .. 27 pref 4iu
Max Mo 1 pf S3S Utah SecCorp lsS
.Vlax Mo 2 pf 19H U S R lit pLJOJ
May '"Pl"''.i3 'vi ir u a c, 69 Vi
Majr Pt 8t. V4 Vulcan Det.. "fi
MT Pet Df..U9 War It It nf. li
Mich Cent .1J. , Wells-Fargo. nxt,
Mont Pr.... 6IH 'WesttnghouM
Mcr ft Rsaex. at pref (4
M ERP ft SSM White Mo-... S9Vi
Nat Acme . ,. IS IVIUya-O pref 10 J
isai astaaii. va tmuiwoiin ..lit
;.'- . . ..... . .a.. ......
at ptn ptita
Nat Bis pf.,11014 WorCl
:m
Rt. (
Our Company Informs You
That Things Are Changing
New tax laws
New income imposts
New excise regulations
New inheritance laws
New banking regulations
and developments.
It requires a wide-awake
business man to keep abreast of
the changes.
Consult our officials.
C0NT1NMAL-EP
TITLE-TRUSTCOMPJY
National, State and City Dtpotitory
Twelfth Street Above Chestnut
Philadelphia . '
' !. 000300 CamUmt ... . ujmjm sun
I V t V etDfi- HW?Vt t-.vV1
lf. j .. ..r V A 3 T s, . islsVi.. aaL , . " ....
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