rv,
5
''.lh
t.BMWgh
MmiiVi.
.'('
mm
kh , r
met, Township
lMt,Pa.
) Basis
&h
ft Sansom Sts.
V-.- JVY"-
TURNOVER OF STOCKS ON NEW
YORK EXCHANGE IS LARGEST
RECORDED IN MANY MONTHS
Sales Total Above 1,7QP,000, With Many Ishiics Scoring
Big Advances Baldwin and Other Steel
Industrials Assume Leadership
ODD LOTS
r fL ..
PARTIAL
"PAYMENTS
Mallei on Request
JGHES & DIER
PhlU. Block Exchange
Chlearo Board of Trade
'(' ltM Walnut Street
TON!
K-V
Montgomery Transit Company
to .und) n fia. due B4fl. tfavinr
rtnal Drottrtton. hMdr nf thnv
rtqueilfd to nd thlr names
M of thMr hnMlnm t
H. HENDERSON
I HEED BUILDING
-PHILADELPHIA
Facts
th6 Line-
Every Una of type In a
new lCp-rs bklet Inei
Iieued. telle 0 Important
(acta about an Oil,. Min
im or Industrial slock
traded In on the Hew
York Curb. Too Hat la
dudes orer
Stocks
lirlnr par Talue. capital
atock. dividend rate, lilth
and low level Xor the
month and rear and
other flrurcj lor vest
fiocket reference that the
nvcslor can't keep In
hlf memory.
far free BsoUrt T. V.-043
lES&BAKER
STOCK BROKERS '
rr lido. Philadelphia
J mfwALNur teao
mryrsroMr ca ,,ea
MroitK rironiunr.H
ico nosTo.v
!- Dirnl Prints Witts
r 4 MAKER.,
BHUlnr. PUMtMft.
' send ma tout rent nocliet
i booklet about 400 atocka.
'V
T. TJ.-0I3
High Points in Today's Financial News
Trading teas the largest II has been In month on the, .Veto York Stock
Exchange. Many Issues scored big gain early In the session, reacting later
on rcallxlng, but closed generally higher. Hates totaled more than 1,100.000
.shares. War-ordcr Issues led on the Curb, tilth demand Increasing. BimI
ness teas small in the grain pit. Cotton advanced. Xeutral exchnngn was
stronger. An extra dividend of li per cent was dcclaied by directors of the
Cambria Htccl Company. liar silver Has unchangM In Xcw York and
London,
Nrtv York, May 16.
The ale on the slock exchange today were tlio largest In it lone
period. The mllllon-sharo mark was passed early, anil by 2 o'clock about
1,500,000 shares had been traded In, In this huge volume ot business
there was naturally profit-taking on mi enormous scale, but Ouring tho
Greater part of the day the buying was In such largo volume that realiz
ing sales, even In Immense blocks, wero quickly absorbed at the most
violent advances the market has known since the time of the boom trading
In war stocks.
Most of the Interest was devoted to the steel Industrials, Buldwln
moving up 4H to 1014. Crucible Steel 6tt to 01, nnd Republic 4'i to 90.
There was an excited crowd trading In United States Steel all through
the day, with that stock moving up 2! to 113H. n new high record for
the year.
Bethlehem, "B" advanced 5'4' to 35 and Marine preferred made a pain
of over 4 points to 08V Nearly everything traded In shared to some ex
tent In these vigorous advances, with Reading responding to renewed
buying by banking interests and advancing 2i toJOH. and several special
ties made gains of 3 to 5 points.
The violent advances were followed by sharp reactions, with tho mar
ket under the greatest pressure for a lime in the late trading, when
tJnltd States Steel reacted about 2 points and numerous other Issues
sold off 2 to 3 point", but this reaction was considered natural after tho
gains made In the first half of the day, and was not regarded as In any
way changing the market position
Tho most Important feature of the bond market was the demand for
the new Liberty 4 Us, which were traded In on a very large scale, with
nearly all the transactions above 38
INCREASED DEMAND FOR STOCKS
DEVELOPS IN THE CURB MARKET
New York Stock Sales
nav oy ArrouxTANTH
I'nbllc Accountant,
MCNCK K. 1IHUWN CO.
BAI. ESTATi: TIIUHT HI.IXI
1TB ADJUST PAHTNKIIH1I1P
riON DISPUTED ACCOUNTS
HI. APVKBTlWKMBrra
tATK Of M NUN Z. I1UAVKS,
,' fJeeaaecel Ltlera ttetamentary
eaiaia navioar been granted to
an psreona indebted to the
,are renueeted to inuka payment.
vinjc clairna to preaent the
delay, at the office uf th
executor. u-j Chestnut aireet.
LSON Z. GRAVES
1NAND J. (1RAVVTM
DENT I.IPK ANt, TnlluT
r or piiiiArjKi.puiA
AHA H. WI.SO. 1'realdent.
Executore.
ART FAILURE
STATE'S WHEAT
r-:i
tie - . . . .
'in aoutheast Advised
Ma' Replant With
Lu " 1.
:('!, Harrlebnra-, May IB.
I-May bulletin of the State
of Arrlculture makes un-
predictions as to the wheat
utheaatern Pennayivanla, In-
tncaiter County. It Is eur-
:,aome land in wheat which Is
nf be put Into buckwheat.
red that some parts of Lan-
ter, Delaware and Mont-
unties will not have DO tier
average yield for Un years.
t Is made by J, Aldus Herr,
ior, wno saya :
.r the exception In the
,n acreage In Chester and
ertalnly should not be left
i the rotation will suit, do-
ern might be planted with
and yield a fair crop on
otherwise would not be
itinr.
(-wbere buckwheat Is adapted
m it would be well to sow
aac uortions of the iteM
I a WM wop of grain which
e ussiiiute ror Wheat
tra la aulte m. vefuehi.
kw: planted In many of
awai mere generally
; When the corn la in
ataae: the emn (a,,i
i time to sed the ground
.tail. Another valuable
-aetweted, ii broom
aawrti.reeaU the time
wwq.um a small
nranan" inm eM iiH
a avneTTv, to m mooa
Although Recessions Occur, There Is No Weakening
Tone War Stocks the Leaders Curtiss
Aeroplane Unusually Active
New York, May 16
Trading was In large tolumc on the Curb nil through the day, with
an Increasing demand for Mocks, and although recessions occurred there
was no weakening ton, buying orders coming in on a larger t.cale on
every reaction.
Most interest was attached to the dealings In the war stocks, with
Aetna ranging from 16 lo 15'., while Wrlght-Martlu moted up from
11 to ll?i and Curtiss Acroplanp was unusually active, celling at 37 U
3514. Submarine reflected renewed accumulation, advancing early from
18?, to 13.
The greatest strength was shown In many of the oil slocks. Stand
ard oil Issues were 5 to 10 points higher and Midwest Itellnlng, the most
prominent of the Independent group, rose from 114 to 113.
Oklahoma Producing, which had ranged around 0'i for hom time,
was traded in at " to 7i.
The mining stocks were fairly actlte, with Magma selling at 35 to 37,
and Nlplsslng at 8'i lo 3.
INIIUKTItlAI.S
ni'i
1.1 '4
n
3'l
Vea. rloe
ApI( Oalel
Aetna I'.xplo
Am Brit Mfg .
Am Marconi
Am Wrltlnir Paper
fan Car & Kdy prf. ?
Charcoal Iron .
Chetrolet Motors . 1st
Cramps is
Curtiss Aeroplane ... 33H
Curwen Tool s
Carbon Steel . ... 110
Kmerson Phonog . . sv
Federal Dye ,
lleiulee Mfg ... .1"
Inter-I.ube .... I
Kathodlnn Bronie pf. ..
IhlKh Coal Kales. . so
Lima Ijco 4S
Maxim Munitions . . ,'
Marlln Arms 5
N Y Shipbuilding . 30
North Am Pap Pulp. . :!
Otis ICIevator 4n
Peerless Motor It
Poole i:ng 10
Itedden Truck
Scrlpns Booth is
S H Kresge w I s!
Standard Motors .... Ill
Hteel Alloys I
Submarine IS
St Joseph Iead, .. 1,1"
Todd Khlpbiilldlng . 03
Triangle Kllm V
United Prollt Sharing
K .Steamship 0T
United Motors 2',
United Sugar 3U
World's Film V
Wright-Martin Alr.. II
Klnc Concent . . , . I
KTAMl.WU) Oil.
Iddlnols .. - IM
Ohio 340
Prairie Pipe 2"
K O Cal 51.1
H O N J !
SONY S
Oil,
sous
la tha
and few
ft; ' w.
I (BV.kMUlal far
3S
trtry
KM
I ,
w nwr whmiii
f
l7i
n
ill
3V4
so
"Hi
an
so
un
o
in
3
51)
3
I
SI
ID
'.4
on
is
3
nil
in.
in
is
IT
an
13 H
7
It4
lH
OK
V.
V4
7
5ti
3.1
'.4
IU
hTOTKS
ISO
.11.1
28.1
1W
'V4
li.i
3I.4
110
ft
s
13V
is
on
10T4
3IA
it's
hTOCKH
i.Nni:ri:.Mn:NT on, hTot'its co.vt,
lent, eluse
Mlllet Oil .
Met I'etrol
Ohio Fuel
Oklahoma Hef . .
Bice Oil ...
Saiiulna Kef . .
Sequoyah
Mnulalr
united West oil.
.111
. V.
. 15
. 7
ft
S'-i
1
Alk
I 111
11
!H
Sl4
'.
II
Innlol
113
11
IS
AII.MMi MOCKS
333
313
iNnnri:NiBNT
Harnett Oil & Oas. , V4
Co den-: Co I'Ji 7.,
Klk Basin H
Federal Oil '4i 3V.
Inter Petrol 13J4 I34
Houston Oil 45 4A
Merrltt Oil 33 Vs S3
H
n?i,
31.
in
33
Alaska Stundard. . . ,
Atlanta
Big Iedge
Butte New York . . . ,
Con Arizona
Cal & Jerome. . . .
Kmma Consolidated
First National
UoldDeld Merger
(loldlleld Cons .
Ocliineld Florenco .
Cold Held Ken anas .
(Ireeu Monster . , .
llecla Mining .
Houe Sound
Independence I,cad .
Jerome Verde . ...
Jim Butler
Junilio Intension . .
MeKlnley Darragh .
Magma Copper . .
Mother Iodn
Mines Co of Ainer. .
Nevada Illlls
Nevada Wonder . . .
Nlplsslng
Ohio Copper
Bay Hercules
San Toy , . . . ,
Stewart .. A. ...
Tonopah Kxtenslon..
United Verde
West Und Con , ...
White Oaks
White Caps
Yerlngtou
Ml
I A
lo
s
1st,
V,
in 13
I A
Ii
41 41,
'A
3 3
1
in m
ii in
30 13
3A 31
4S 411
H4 IK
.1 III
I 1
S'4 I)
,i "
i 4
10 sl
3.33 7-33
I ft Ml
in 4Vi
S3 s.i
i
IIOMIH
',i
IS
IS
Bethlehem Cs
Cosden OH Ss
Cosdcn At Co 6s .
Cudahy Bs til
ItUKslan (iov tijn... :il
Russian Cov B'.-in .17
South Buy 6s... osu
Sinclair Oil 6 lo
Todd Shipbuilding 6s. 00
nsiJi
S3
S3
1(1
.1(1
.If I
0B
so
ou
s
'It
114
US. I
- 4
IK.
7-3J
Si4
"y
ii
m
i"
i
404
it
7-33
I ft
S4
osh
lllah
Adtance Hum. IS4
A aska Did j. 1
Alaska Juneau Hi
Allls Chalmers. .!(,
Am Beet Sugar 74 'd
Am Can 40V4
do pref ..,, or
Am Sum Tob IJSSi
Am Car & F Co S3
Am Int Corp , A!"i
Am Ice Sec... 33
du pref .. 3
Am Hide tt. t, 14
do pref . , (13
Am l.tnseed , aiy
do pref 73
Am licomo lli
Am Smelting sih
Am Sum Tob IJS"4
Am Steel Fdry. ss
Am Sugar ... my.
Am Ter A. Tel. 0SV4
Am Wool sin.,
do pref ll.
Am Writ P pf 33V,
Am Z.lnc & l,d ist,
do pref is
Anaconda 1114
Atchison S1
do pref S3
Atlantic C I, . 01
Allan O ft XV 1113
Bald I.oco Co loi',i
Bait & Ohio .inn
Barett Co 3
Bntnpllas Mln . t
Beth Steel . til 14
do II 3,
do S p c pref inflTt
Bkljn It T. .. ISH
Burns Ilrot, 133V4
Butto Cop A V, iny,
Butte & H C 30
Cal petroleum in',i
do pref . . nst
Can I'ae I. in
Cal rack Co II
central I.eath 12
Cerno d Pas 331,4
chand .Motors S3
Chesa & Ohio 11014;
fill Crt West ltd
do pref 2.tv,
Chi, M & St P. 434
do pref ..II 1,
CM ft NW II3H
Chl.lt I ft P tc 2.1
do Ope pr to HOT,
do 7 p c pf to II
Chile Copper 1114
Chlno Con Cop ti
col Fue a Ir 3014
Col !as ft i:io 3 ii
Cnnsol (las . finT
Com Can 13 14
Com Prod 13
do pref no
Cruclhlo Steel 1I1
do pref . . HI 14
Cuba Cane Sug 3V,
do pref . 811,
Den ft II pf 0W
Dom Mines s,
Dlftlllcrs Seo 1
Urle. in,
do 1st tiref 31',
flast Williams. 31 14
Cen i:iic Co 133
Gen Motors 13s
Conilrlch I! ' ls,
c,t Northern pf 113
fit Nor Ore rub 3nM
llreene.Can Cop 43
fiiilf State Sttel 02
Illinois Central H7H
Int Agrlcul in
Inspiration Cop sola
Interbgh-con C 0
do pref II
Int Mtr Marine 3n',
Int Mer Mar pr ns
Intern'l I'apir . 41
Int Nickel ,. sold
Kansas Clt" So 20
KelfV Sprlngf'd in,
Kennefntt Cop npn
Lack Steel . 11 H
Lehigh Yalle. rtUj
I.eo Buh ft Tire in,
I.lg ft M T Co 101
I-ouls ft Nash 111
Max Motor . 31 li,
do 1st pref SI
do 2d pref . 2I'4
Met Petrol 10J-V
Miami Con Cop so,
Mldta'e Steel ni
M ft St I. new 11
Mo IC ft T. 3-1",
Missouri Pac 2 IS,
do pref fit a,
Nat Con ft Cab IS
Nat 1:11:1 ft Stpd air,
Ne Con C011 . 23
Ve O T ft M 21",
N V Air Brako 1331,
New York Cent 1,1
N V N II ft Ii It',,
N Y O ft W. 3 l-li
Norf ft XV . .I07li
North Pacltlc sit.
Nova Scot Stl. 3
Ohio (las ti"i
Pan Am Pet pf 3",
Penna It It . 4 IV
Pen (las ft C i;ii
I'eio Mariiuette 13
Pitts ft MVm 3IH4
I'ltts Coal 30',H
Pierce. Arrow 12 V,
1'resi.ed Stl Car (liM,
Piillnian Pal C Mil
l!y Stl Spring . f.sl,
Bay Con Cop 2nvi
Beading licir,
Itep I ft Stl on
Royal Imtrh Hills
Saage Arms SI1V4
St I, ft S F 13,
do pref w I 20
Seaboard Air L s
do pref .. I HV,
'ears iioeuucK.1411
Sloss.Shef S&I.. .H4
I Sinclair Oil . .lo
South Pacltlc . si
I South Rwy . 2.1 If;
I do pref . . H2Vi
StudebaktT . . 41
Sup Steel ... isi.4
Tenn Cop ft Ch IKV4
Tex ft Pac .. I1W
Texas Co . 1301,
Third Ave Bit 2t;,
Tobacco Prod 111
Un Bag ft Pap 10V4
Union Paclllc .un
U Alloy Steel 44
Un Cigar Stores 02',
Un By Intest . in
I' S C I P ft K I0,
U S Ind Alco l.ll
U K Bublier. . mi
U S Sm ft Ref 431
f,ow
13V,
114
114
33 V,
71 U
471,
otm
1331,
sow,
33 1
33 V,
nm,4
I34
ni
311,
7314
(IS ',4
S2V4
I2l,
mil,
114
osv,
nnv,
n,
23
IS
IS
no
1,
S2
01
innv,
0.1 Va
3.1
31
I
Dili
sai,,
Inn
41
I33i
lnv
27 ',
IS"',
A3V4
110
II
not,
3.1 'h
S3V4
W(4
7
21
43
73
0.1 ',
23
mi
70S,
IBIa
41V,
41,
:u
nn,,
70',
421,
110
71H
01 14
3P4
8IS,
II
H
on,
m4
31
31
1.1M3
12.114
1
nni
331,
431,
ssi4
117
in
.13.
st,
43V4
231,
0.1 If,
43V,
20 V,
l
Hi
31".
SS
niiu
1714
in:
lii
'1A
31
211
O'l
20 V,
.in 14
in,
31 1
21
Sill
17 V,
an,
2l(,
231,
133
71
381,
211,
1117
8514
03
ll'i,
02",
in,
4n
1314
SO-,
f.ll,
till,
mi,
117),
.10 r,
2.114
88
Oil,
H'l !,
80
131,
20
S
n-r,
1411
fl4'
20
SO',4
31V,
n-JV,
in
4114
17 V,
1 7 14
l.in
soii,
301,
7l14
17 Hi
1314
0114
in
in
131 li
.181,
13
Tina,
13V, ..
1
114
33 -I
741i
471,
96 V, ..
13174
SOW,
3314 .
.1314
3014
14
A3', 4
31
7314
081
M14
Net
rill,.
Yen; York Bond Sales
4 Is
11.
IV,
V
II. I'd
fllW. -Mid
114'fc
OOVh '4
38 li
on.
33 V, f
18 f
18 4
nnij 4
84
01
110
014
14
f I'd
f I
-114
,m
01 41
1
0I4
00",
inn
44
13314 IV4
14
1014
37
I8,i
3114
111
II
10li
33I4
si
5014
7
23
4114
11
03 li
23
flllli
70',
I I
II",
48li
31
OO'd
13
13',
no
711',
0114
3M4
81",
0
8
IS I'd
ins,
33
3l'i
1.12
130
41
02
3314
437,
8KI4
07
in
4 '4
ITd
4 114
'd
4
4 '4
.
4
d
I-
4 'i
S
I li
14
4 V,
It,
'd
41
13
I 'i
1,
I'd
V,
' 14
III.',
2000 Am Ag deb Bs 4'l
OlOon Ang-Frnch 6, 2.
21000 Am For See B 06
4000 Am Smelt fs,. S9U
7000 Am el clt 4s.. SStJ,
BOOOAtch cell Is ., 81 Ti
1000 do cv Is ... S7
Bnnn do cv 4s 1900 87 'j
SOOO Bait ft Oh 3 '.in 83
1000 ib Bs 82
1B0OO do 4s. .. . 78U
2000 II ft O P 1, i:
ft W Va Is.. "B
2000 BetlSt lslBs '30 80
11000 Braden Cop Bs 2
Bono Bkn BT Bs '18 37 J,
lOOOBordo 0s . . 89tj
inoflCana Cv Bh '21 30
4000 do Bs 1331 , 31";
lOOOChl Ot XV 4s . B3,
lOnoCM&StPcvl'is 71
2000 C It I ft P 4s 70
2000 Col ft So 4'4s. 71s;
17000 City Paris 0s 85',,
innn Conflas cv s 101
15000 Corn Vr li fl4 38 Va
SOOO Den ft R O Cs. 74
81000 Pis S Corp Cs 87 J
1000 Urlo cv 4sh'r A 48s,
19000 do Series I) B3,
51000 Pr Repub BVJs 38',i
lOOOOtiMi P.lec 3',4s. 7.1
10000 Int Met 4'4s. B4'4
78000 Int Mer Mar 0s 91'4
K000 Ksn Cv So Bs. 80
11000 IajijIs ft N Is. SGlj
1 .10000 l.ll, liond 314, 09
13.1000(1 do 4a . . 0.1.10
113000 do It Id , 03.14
3300OOO iln 4",n . 08.08
Uionn I,ons (is . 83'4
l'lOOO Marcellles 6s. 83 'a
BOOOMldvalc Bs . 89
4000 M P XV U 5s '23 30
22000 do gen (s 63
7000 N Y Air B Gs 99
1400ONYCx.lt Os . 94i
2000 NY Cv 4 4s '0B 97
2000 N Y By ndj Bs 20 1,
1000 Norf ft W 4s 83',
1000 Nor P gen 3s BSia
10000 Poo Ons 6s. 73",
1000 Pen- Mora Is fO
BOOO Reading gen 4s 81',
10000 Rep C 6s 1904 98',
6000 Sinclair war "s 91,
BOOO St I. ft S F
ser A Cs. 00
1000 South Bell Bs '16
3n00 So Pac cv 49 "9,
6000 do cv Bs . 95
900O So Rwy gen 4s 03 '4
3000 do con Bs 93
1000 Texas Co Cs 98 'j
3000 Third Ate. 4s 50 ,
7O000 IJ S Rubber Bs 81
4000 U H Steel -s fBs 98 ,
3000 Un P.nc 1st 4s 85
10000 L K of r, II ft
1 Bs 99',
5000 do B',s 1919 97,
18000 doB'dsnew '19 99'4
27000 do B'js 1921 95',
5000 West Shore 4s 78'j
Tolil mle-. si.soo.f.00, rompiretl 1, 1 1 la
SI. 117.0(81 etentti thim fir thl iieek,
sv,,22n,sli Mime period lint week. SI3..
1 1 j.ljM.I.
l'e
9i;
92 Id
969.
8914
8214
81
87
871,
89
82
78 !i
7B
80
9114
97 ,
S'J'.J
90
31H
B9,
71
70
7Ii
8Ma
I'll
98 !i
71
SCtJ
48,
B3
98
73
BIU
92 ,
794
Rfi'a
08.01
04.00
01.98
08
89 '4
89 j
89
90
f.'l
99
91
97 ,
201J
83',
B84
7.1 'a
80
84'i
,98,
31",
'lee
94'i
92 K,
9fi'i
89 4
8214
r48Ma
87
8714
83
82
78'J
75
80
91 '5
97
83 ',a
90
91,
69 (
71
70
7n
8S
101
98 4
74
87,
48,
B33,
98
7.1
bii;
931,
80
80 14
08.00
01.01
01.14
08.03
89 14
89',
89
90
B9
9'l
91
97 .
20'i
831,
68 4
73
80
84'i
98,
91?.
Sales in Philadelphia
Nt
lllah Iiw CloM chae.
in Am Oas . 73 73 73
Inn Anaconda nol4 no',4 0014 - 14
OlllaldlxiC 100 08 100 --8
03 Brill J O 3411 32 341i - -1 H
100 Cubs C S 3.1 33 33!d - 14
IConTNJnni4 V4 0t4 4- V4
183.1 Rleo Stor 32 SO!, 30 V, 3V
lSOKrle .... 17 17 17 ',4
O Asp pf . .. fl
37 In Co NA 2 20 20 V4
700.1 1.k Sup C ISli 1714 17V4 '.4
238 l.eh Nav. n!4 0SV4 3V4 . .
soihVal.. niv, IV, oii -i V4
l813Mldval. 9!d 3714 37 4-3V4
33Penn It R 43 41 4M4 1-4
I'll I la Co
cum pf . .3211 , ,
.112 Phil llleo 231,4 23V, 2314 ,.
I P ft W pf 0814 081,4 0814 li
033 P R T t C 20V4 2n 2n .
s Phil Trae n7 7 07
874 Reading- 80 88 00 1-1 Ti,
200Tono Bel 3 3ft 3 ft ft
14.1 Ton,, Mill 2)1 2)1 3)1
s Un Trac 4n 40 40 I
43 U O I. . n? 07 fll 4-
401.1 tt H Steelll.11, HH4 IHTi 4- Wi
CO CO
95 95
79', 794
95 96
03 03
93 93
9S'i 98'4
.'.CS, 5C,
80 S0
'l8, !lfc4
S3 83
994 t'0'4
97 , 97 .
39 99 a,
95 9 51 i
784 "3'4
tyuotallon git en Is yesterday'B close.
Tntnl ale. 19.131 fthnre, rnntptrril tilth
1.1,82.1 hare jeXerdafi hm far thla week,
40.300 Mi.irr-i i.inie period last neek, 20.309
lurei.
IIONUS Net
. . Blah lw CIoki chse.
(1000 Bold IX)C
Cs .80 SO 80
BOOO Am fiasft
UlecBs 80 80
2000 Mb Bonds
41, h . 08
2800 do .tijs.DO
3200 do In . !l I. OS
1300 do let Is 03.10
6000 Phlla Co
cons 5s 8114
4000 Phlla Rlec
1st 6s Olli
1000 Reading
gen Is 8I14
8000 Un Rwy
Inv 6s. 37
8114
0414 .
8114 14
37 14
el0'11' ."!"' 813.0OO. rnmpareil ultli 2I..
ZOO je.lrrilail Mm. fr f hi, wrfk, SI49.O00I
nonie lerlod last Meek, J.01,549
07.30
08.10
04.30
til. .10
8114
Ol'i
8414
.17
80
08
08.70
01.80
03.10
4- .30
.40
Local Bid and Asked
411
0'!',
31
1.1
8 l
43 4- Vj
2,1 1
05 V, 4 1 ,
13 U 74
3014 4-14 I
19 'i
mi h ai '
31 -t 1,
807, 4 T,
(1(1 7,
1714 I li
107 1
117 4 1
-old 14
34 4-Hi
-'H4 4 'a
HOT,, 1',
30 . I
37
11
.11, -.
21 I.
II. Hi
17', h
3 Hi V.
2114 4
23), 4 31',
13114 214
71V, f V.
30 II,
sn. 4 V,
101
81 14 4 li
(I.I I- 14
11
!.' 4
II".
4n 114
13 A
"II, 14
317, 4 '.
40V, II,
3 I- V.
nir, 11,
301, 14
20 4
SO Id
03 r li
so 14 is
so 4214
'3' Vi
20 h V.
K
17', !i
110
mr, 4-ir.
20
ooii
2114 14
02 li 4 V.
30-y. 4- Vs
44 Wj r 14
177. Id
17Vi 14
13H
2074 Id
30 V. 1
- i MATURITIES IN JUNE SMALL
War Kiiiante Corporation WiJI Not All
iance Large Sums
Ne lorfc. May 10 The War Finance
Corporation will not be called upon to
I protldo for many corporation maturities
j In June, as the number falling due and
I the aggregate amount are comparatltcly
small. Total amount uf maturities In
Juno Is J31 430.810. as conipsred with
IS3.I18.490 In .May and ICC 234,811 In
June. Rill
Thn )irgct amount maturing Is In
the public utility list, tll.33S.C00. In
dustries are second largest, $11,200,250,
nnd railroad issues coming Utpj figure
at 18,831,390
The largest Item In the railroad llt
Is the Puget Sound and Wlllapa Rail
way B per cent trust certificates for
J2. 999. BOO, which conio due June 1 This
rnnmnni' I, ti taitivMlrirv ,if Chlcnt-n.
'i ! Milwaukee and St. Paul IUUwny Com-
pan. wlilcti guaraiitd (irlnclpal and
Interest on the note-i Itet-ponidblllty
for paying off the notes ni coino tiion
the railroad administration, and H Is
likely that IHrctor Ueneral McAdoo
will again demonstrate lila ability as a
financier by inducing Minm bankers to
extend a loan to this company for re
funding purposes, as ho m-ently did In
the case of the New York Central Rail
road Company
Union Iepot Railroad consolidated G
per cent noti s. duo June 1. for J3.BO0.000,
are th" largest Important Issue among
the iiuhllc utilities Thin company Is .-.
feubsldl.11 y of United Railways Company
of St. luls. whoso president is now
In Washington for the purpose of rrtk
1 in aid from tip. Wai Finance Corpora
tion to saH the coriany fioni rc-ler-shlp
Commencing June I th" United
Railways Cotnpanv uf St Ixiul.s will
charge six-cent fares 011 Its line.
At tin) end of tile iar it must show
cause for mailing this fate perma
nent Another company which ma) seek
internment aid Is the New Orleans Rail-
.way and Light Conip.ui). (ikp 1; ,,er
ent notCB foi IJ.Bou.OOO fall due
June 1
Among tho Industrials, the most Im
portant maturity Is the tier cent notes
I of the international Cotton Mills for
I $1,000,000. No plans mite ben an
nounced for taking care of this Issue.
Kxtra DKiilenil liy Globe Oil
I New York, M.iv 10 The Globe Oil
Company has decland an extra dltldend
of 1 per cent In addition lo the usual
I monthly dividend of 1 14 per cent, with
the suggestion that tho extra dividend
iJif? t emment thrift stamps. IMvldend Is pay.
Zi,f ,",7 lable June 10 to holders of record May 25.
4-V4 lli - - . '
ii' l u I INACTIVE NEW YORK STOCKS
1.,'vj Following are quotations for Inactive
S8 1 ' New York stocks ana in which there
13'J, H 1 1,. 1 were nu u, - - ", I,B yicsi
ToJav
Hid Atk
American Store 27
Hrlll J O 21', 21',
Iluftalo (t. Sunn t e 02
'In prf . . 47
Italilwln n-,l4
nieeirlc Htorege. r,0,
(leneral sphslt. tt
lo pref . IM
Km, tone Tl-phon n
,lo t e r.o
l.sl-e Hup-rlnr Corp 17
i.enun .ftMgauon.
IMfIh 'alk
)'nnsjltahK .
I'hllailelphl, KIcc
riillaa.iphln Co
rt,i r, i-er rent crtf
do n per (cut rref 32
iTlia 11 I 1 c
Tonopah llelmont
Tonopah Mlnlnn.
1 nlon Traction
I l'nlto! Ofta Inin
I t'ntte.1 states htoel 11
1 lnrK llwy
, ilo pref
1 W CrHnip A. Kon
YtTTclav
BM
I!.'
47
r.j',
ti
IS
Atk
27
40
31.
11
DO
8',
17', 17'. 17S I71,
fi4 (."It, 1114 1,1;
ion, ill r,o, 111'.
44 44'i 44'. 4.1
21I -.'.-.'. 2V. 1M4
27 27 2S
32 31 5'J', .11
2",' EH -JO 2(1',
t'i', (.04 8s s.,
,V, S, 3A 3S
-'l 3 2)5 3
40 It 40', 114
17 (.74 '1 H7'J
111'. 112 111', III",
74 4 74 4
31 3J 31 32
77 79 77 7
I'tm.AOEI.l'IUA INACTIVE STOCKS
Following nro quotations for Inactive
stocks listed In the Philadelphia Stock
Exchange and In which there were no
transactions today The price given 13
the last pretlous close:
Acme T 1st pf 31 Lch Nv rights
Acme Tea Co. Bl firs: paid .. 1714
A C War .. 14 l.eh Vnl Tr of 2014
19 I, Nrdrtpf. 43
13 I, N wr w I.. 7
30 l.itnn Schuyl. 48
75 l,lt Brothers. . 251,
10V4 Mlnehlll BO
29 Norrlstown ..121
'13
Alliance lnj .
Amer Ice . . ,
A mer Rwy ..
Am Ry pref.
Amer Mill...
Amer Stores.
Amer Sirs pf .
Brill J o nf.. 70
Buf ft Sus t c 62
Cam Iron . . 4os;
Camb Steel .,..127
Catawa 1st pf B2
Cat.-iWH 2d pf Bl
Jen Asphalt 14'
ill ft II T ...
lit . II T Pf.
Keystone Tel.
Key Tet liref.
I.eh Nv rights
tun palrt .
I.eh Val Tr.
10
17
8
50
59 Vi
20
Noun Cent .. 73
North Penn.i. 80
I'enna Salt .. 88
P It -I . .. . 234
Phlla Co .. 26
Pciiii Trafllc. 21i
Rwys Co rjen 2
I'll C of N .1 109 4
II C, I war.. 274
U H Steel pf..!in
Warwick Iron 8 14
West Coal . 70
W J ft Sensh 10
York Rwy... 9',
Ycrk Rwy pf. 31
BIG MAJORITY OF INTEREST
IN LOCAL TRADING IS GIVEN
LAKE SUPERIOR CORPORATION
More Than 6000 Shares Change Hands in Active Market,
and Price Advances to Another New Top Bald-
win and Midvalc Are Strong
Interest In trading on tho Philadelphia Stock Hxclmnge today was very
largely attracted to Lake Superior Corporation, which was also jesterday'a
leader. That Issuo started off nctlvo nnd higher early In tho session and
more than 6000 shares had changed hands tip to inlclaftcrnoon, with the de
mand continuing good and Its price marked up S to ISM, another new high
record for this year. Just before tho ctoso realizing sent It off, but It was
believed that the reaction was only temporary.
No special news was forthcoming to explain the continued momentum
and ndvance of tills populnr local stock, but the opinion still prevailed In
the Street that the Improvement wns only the nntunil course following that
taken by United States Htccl common ntKj various steel Industrials.
Thero was also, an unusually large tnrnoter of Mldvalo Steel for the
Philadelphia market, and It advanced more tjian 4 points to abote f9, with
many reports current as to the causn of Its strength nnd activity both here
and In New York, but prominent brokers were generally of tho opinion that
the gains were due to the Increased Government business and the erection
of a big gun plant by tiin Pederal Government so that the big war orders
could be quickly executed.
There continued to be rumors concerning a possible merger of the Mid
vale and Baldwin Locomotive companies, nnd from New York there came a
report that Midvalc had procured control of the latter. However, there was
no confirmation of this rumor, and from a source close to the management
ot Mldvale In this city It wns said that an crucial of that company had denied
any knowledge of the contemplation of such a consolidate. The most prob
able explanation of the advance of Baldwin on the big board and Its gain on
small rales here of nearly .114 points to above 100, was thought to be tho
report from it reliable source that the common stock would be placed on a
dividend basis next week. Reports that tho Baldwin company and several
other large war-order manufacturers would benefit through tho big gun order
announced for Midvalc were also thought to have had a strengthening In
fluence.
niectrlc Storage Ilittery continued fairly nctlio again In today's session,
but was lower, losing 2 points to CO'i as the close approached. Transit trust
certificates still showed no Influence of tho labor difficulties and the advocacy
of 11 fare Increase, and, while there was a little activity In tho certificates,
their price was only a trifle helow jesterday's closing quotation. Union
Traction, on a small sale, lost 1 point, and Philadelphia Traction was un
changed. .7. G. Brill Rdvanccd more than 1 point and the majority of price changes
for other homo issues were to slightly higher levels, although most of the
remaining business was in small odd lots.
Reading Railway was fairly active and advanced l'j, Pennsylvania was
unchanged, Lehigh Valley ndtanccd ; and Lrle a trifle. United States Steel
common showed fair momentum and was up ns much as 2 points, but later
turned downward and most of the gain was wiped out.
Liberty Loan bonds were not heavily traded In and all but the 3Hs were
higher.
Federal Call on Slate Banks
The Federal Reserve Board has called for a statement of condition of
Stato banks and trust companies which are members of the Federal Reserve
Banks ns of May 10. This is the same date named In the call of the Comp
troller for condition of the national hanks. ,
This is tho second call made by tho Federal Resene Board for condition
of State member banks, the first being on December 3. While national banks
aro required to publish n synopsis of their statement the State bank mem
bers ur not required to publish their statement although there Is no objec
tion to their doing so.
There ate sixteen State banks and" trust companies now members of the
Federal Reserve Bank of Philadelphia. The statements of conditions are
mado to tho Federal Reserve Banks.
There Is no limit to the calls which the Comptroller of tho Currency may
make, although tho custom is for fhe calls a year. The Federal Reserve
Board may nsk for the condition of State member banks three times a year.
e
Net earnings of Tonopah-Celmont Development for April were $62,470
as compared, with 163,202 In March. In addition tho Belmont Surf Inlet mines
reported net earnings for April of $31,400 as compared with $37,477 In Alarch.
Net earnings ot Jim Butler Tonopah for April wcro $16,504 as compared with
$38,835 In March, being the largest earnings teported Nlnce last fall.
Short-Term Notes
Hate
Amer rotten Oil r,
Ainer TtT autrn II
Unit .1 Ohio I
Unit It Ohio .
Hethlehem SJe. Ii
llrooklyn It T r,
Can 1'ac Uwv 11
I'll It It t
1'I t. Hudson :,
Hrl- It It 3
imeral llkdrle n
Ornerl rciecirlc (I
(Ireat North Ity n
,-s v renlral . .
IVnnmlviinla ("o
Put, fie Crp N J
It A U M I' Co .
Southern llw) 3
II S ttuhlier !
I t'lali Hirur t'nrp (I
west 1; a. .n ( o 1,
Itui
S1 -is
14
Feb
.lllh
July
Pel,
July
.Mill'
July
AUZ
April
I lee
July
Sept
Kept
.lun
Jl.ir
I'll,
Mar
li-c
H-l.l
Fill
III, I
99',
HH4
till",
US',
OS
07.
US',
11
H74
on'.
10 10114
20 iniis
2- 7.
10 lis
21 11.14
10 till
10 03
ri iis
18 Km
22 804
10 110 S
Ask
094
VI",
Iill'a
PS4
US',
074
IIS,
III
074
074
1004
Km',
lis
04
ml',
074
lit
OU
1004
004
l-Oltina.V CIOVBHNMB.VT KBCURITIKS
Amer For Sreur
Anuln-Kn nrti . .1
Argentine (lo.t 11
Canadian tlovt 3
City of Purls (I
fteph of Franc 34
tlusalan Oott . (14
llusxlan (loit 34
Hwlsa (iot . . 3
II K of li 11 A I .',
UKoflllli I. 34
U Ii of O II I 64
An:;
Oct
.May
Auif
Oct
April
Jim,
Deo
Mar
Sept
Nov
Nov
lo im'i
20 024
211 07
10 07
21 S.I
111 0s4
10 37
21 .11
211 101 4
IS IIU4
10 074
0.11.
Convertible Into Ions-term bonds.
07
924
1174
074
K-.4
nss
411
39
102
00 S
IIS
B'i
NEW YORK COITEE MAItKET
New York, May 10 There was 11 dull
and featureless opening in the market
for coffee futures llill prices were un.
.'7. I,', .... --- .... I , - -- ".- -". . .. . .
ad 1 I. M nteei . ,3, 114 lllld 4 'd Clten la n ao- i--'," r,r. ciiaiiKtu iium ii ii-iui, -,- mm
do prer . ..Ill);, I09', I001, .,,- rtuhber.. 0.'" ft ,S t,f ttOU I I" iriinancuona wr.c irimruu on 1110
Utah Copper . S7i, 8.10, l f I'A i, r, ,iey nt 35 " 1' f pf iq2 call. , . , ,. , , ,
Va-Car Chem . 4714 injfj 40(4 it V mJ c I pf 5,i N Y C ft S L 16 " , It la belleird that ocal cofTeo mer-
Ivn. iron ft C 70 7n in" ii A111rnril.K nf H" A.ol'' Hu "i ! chants hate not mado offers to the
iWnbasli . . 0!i IH(, 014 1? ! AmC . . nn 38 Nor ft West nf 3 loMrninent nt the price of 10 4c net
do pref A... 13 12 isifi K Am 0t Oil ?JV North Amer . i, cash, del tered, ijh they claim this price
I .1.. ., e it ...ft, ...-, L.i f An, T-xpress. (" ii ,,v,i ,.-.... .!.. It., he loo low. tlmt the last cost and
West Maryland I5..i.i'" iV" S Am l" ' Ohio has" ret. Si" ir"v ""! rt-Ucl l.ere were 10 20;
West Union Tel 01 0.1 03 IU Am J 5 J .. 43 ."t Sllter" ,5 '"..jl?"1"?. S"!".' . ."J: ?5r,l"B?. Ii2
mrm A asn NiTIOIl l'i" " -T IFatn
H
MONEY-LENDING HATES
?KW YOBK Money on call opened
at 514 per cent! high, 514: iow, 514;
last, 51, ; closed at 514 : ruling rate, 514
per rent.
Inactivity continued the feature ot the
market for time funds, offering are at
a minimum but there has been no indi
cation of strain for lack of supply on
tho part of borrowers.
Prime mercantile paper Is still slow,
with the rullnr rate 6 per cent both here
and at the Interior.
Prime bank accentances ore un
chaneed at 4,4 4 ',4 per" cent on
ellglblta.
PHir.AnBI-1'HIA. Call. C per cent;
time. Bii O per cenL Commercial paper,
three to four months, BO per cent; six
months, per cent.
LOM DON Money on call was un
changed today at 214 Pr cent. The rate
of discount In the open marker for short
bills was t4 Pr cent and for three
months bills waa 1 -U par cent, un
altered. FOREIGN EXCHANGE
' tfew Terk,May 16 - Neutral exchanges
took the lead In the foreign exchani;
market In the early dealings today and
. .J'-.neral atrenath In some cases.
Vh7w high nure on this movement were
MtaMUttied for Dutch guilder; and
Bternnar coaunucu "
Iterea jron. nruiBu -
1 iPWnWBT C
..(
ure wm u
S
.altr
iiaTinea was limited.
rt?sil:4.74, cables 4.7I.V,
S, MmlMtly, 4.71; ninety
1 t.ej.
4.J.
IS1
Hank of England Statement
t , . London, May 16.
The weekly statement of the Bank
of Kngland follows; Total reserve 30,
181,000. .Increase 49,000; circulation
$49,976,000, Increase 294.000: bullion
61,708,000, increase 73,000; other se
curities 106,552,000. Increase 3.141.000:
other deposits 133,820,000, Increase S,
691,000; public deposits 41,457,000, In
crease 3,884,000; Government securi
ties 57,316,000, Increase 1,445.000
The proportion of the bank's resene to
Harm t c Is now 17.20 per cent, nralnsi
18.20 per cent lasfweek, and compares
with an advance from :o to 20.42 per
cent In this week last year. Clearings
tnroUKii ixnaon Danxs ror the week
were 392,970,000, against 384,900,000
last week.
Auto Lighting Companies May Merge
Maw York. May 16. Rumors am In
circulation of a probable merger of the
United States L.ignt & neat Company,
the Auto-Lite Company, and possibly one
or two other concerns and it Is stated
that an announcement Is expected short
ly.
Wheat Flour Output Decrease
Minneapolis, May If. The Minne
apolis wheat flour output last week de
creased 31,750 barrets. The mills mad,
week ended May 11, 175,970 barrels,
against 361,340 in 1(17. Today nine
tn and one-half mills are In operation.
half in
(loci
BANK CLEARINGS
Bank elaarlnsa today compared
rcaponalnc day last vtwo "
Phlla ftJ.B4S.127 l5n.40i.MS IM.S41.S4t
N. Tork 7 5.S47.4M Uo.oSS.OOO 74,nJfl.Ji
fioalon .', U.aM.0U 40,:,0W 33.862.oJfl
naltlraera H.e,74
f. brats 2.17.0M 2,14.M 13,447,151
ltd car
ina
-,J
BAR LYE&
Westlnghouse M 47
Wheel ft Ij 1: , Oli
Wilson Co . 01
Willys Overland 10U
IT. A
014
59
IS'',
43 H
014
30
1014
Totul sale. 1,717.000 ehare. rnmpared
with 1, 120, 70) ahare. r.lrrdui tliu, fur
tlili week. .1,271,000 aliareai aaine period lu,t
k, 2.313,800 .hare.. l
Financial Briefs
April gross of the cities Sep Ice Com
pany were $1,885,760, ngalnst $1,609 013
the same month last year, or an Increase
of $276,737. Net for the month In
creased $270,372. Twelve month gross
increased $5,765,785, with net for the
period gaining $5,661,593,
The New York Subtreasury gained
$113,000 from the banks yesterday, mak.
ing a cash net gain since Friday of
$1,334,000.
The Nevada Consolidated Copper Com-
Sany reports for the quarter ended
larch 31 earnings of $470,109, against
$1,822,166 In the preceding quarter and
a deficit, after dividends and deprecia
tion, of $1,689,367. against a deficit of
L$26,154 in the quarter ended December
OUT. 1917. The production of copper In
tne quarter unaer consiaerution amount
ed to 17.436,164 pounds, compared with
22.153,166 pounds In the December quar
ter. The first sale of stock of the Liberty
Title and Trust Company, since the name
ot the company waa changed, waa made
at auction yesterday at 10$. This Is a
new high. The previous top waa 10214,
The sugar trade, Including sales de
partment ot alt local refiners, will be
closed on Saturdays during the sum
mer commencing June I.
Tobacco Co, Would Increate Stock
New Yark, May 16, The stockholder
of the-Llagett Myera Tobacco Cnm-
y win a uiwa 10 auinonie txi.ajs,-
Am Sm Pf A. 88,,
Am Smelt B 93
Am top m .
A""il.V,Vf 62
nw ? ';1
m
Mall -..,
Baclno T ft t jn??
Beorla ft i;a8t "",
RiT "!. w R,77
Blerce-Ar nf.' T
Sl.taaftHLtt!
n..K ;-": " -
liaiu i-y ' i mntf i.u" ne" cor. i 1
im & Ohio Pf 55 Rrndltiir Htnf 11
"?Wl &'!""
ljr". -'---- .n.
Cm lathpf.10-
ekl t, Alton..
llenlZim . .
Ily Stl Sug pf 9V
Saxon t,Jll 2'.
Chi & Alton.. gaxon, Motor. 7
- I' M Iirew -. r.rara lflil ..
i..,.tTAv nf.100
' H lit Pj.
P ft B 2d Pf. 4214
Com Tab !"
Miatt Ariz., 1714
;:r ; e, iy
'' "K HtV
. 28 K
llf -S7
con in -" j; - - ?j ' ,r.... gi
"pre't" ? . a a-b)5o,srrf .it
liei v-"
Den ft H
Bet Kdlson
5 Texas Co ,,: !,,
,,a ti, ...z -;" '
Tlet Kaiaon. .2, Ji. i'(u prr. 04
KlVo Btr Bat. 68J4 Tran WmE,.. Vo
vrtm "a nf... -' ."" t-y It. 4u
P-'r iVpt... "?- Type.Jool;
am Chem
Oen Cigar
.155
81
United Ry nv 17V
H Iln Typen ?y,uLy
'.7 K2 5L?n.. lf
I
; riaar pr. 's on a Pn.. il!
Oen 4'"r v' m ,BU Un c. a, ''.ii'a
Gen Motors p. Un g-- " 1J...0,
Homeatak M. "
in. Arr of.,.
Iowa Cent
jewel Tea,, c JJ-J f, U,h' W, l
!Sn. - nif iu h mty Imp If u
(f.rclk,.'vdCn, J .?'. .
Manhat Kiev. U R It lat t)f.lox,
on. of. .. to
United Krult.l24C
II H r: I T ,r a ,
" KB.J,n,lA'M
if., TSent nf.lOIU vln n..
Miy Pt BJ. "K w.Vn hK tj
Max Pt Pf..! Wells-Kargo. i
Mich cent ..
Mont Pr. . . . 6H
Mo K T pf
Mor Kiui. t
Jf 8tP B8M H
at Asm ,
at ,..,
!H
Varan. ,,,
WeatlnghouM n
orf (
Wh'l ft I.E pf
White Mo;.. u
wiily..o pref Soij
Woofworth ..III
WdrOaM WhMU
Yeat
Open lllah Low Clon clo.e
N 411 S 27 8 20 8 3.1 8 30
B H.-. S 37 S.30 H.4I H.4J
..",l ... K .1.1 N.A7
h .10 M 111 S 113
M..12 H.70 H.I19
K (111 s.7n g.7.1
8.71 8 8.' .. .
lie nearer the true alue.
The local spot market continues quiet
and uncnangeu.
July
September
lie, ember
January .
February
March .
April . .
DIVIDENDS DECLARED
Federal Mining and Smeltlns Company,
resular ouarterly of 14 per cent on pre
ferred, payable June 15 to atock of record
DavlY Daly, Initial dividend of fifty renta
a ahare, payable June 29 to atock ot record
Juna 8.
illttenliouaa Truat Company, resular aeml
annual of 24 per cent, payable Juna 10.
Holar IteOnlns Company, regular aeml
annual of 1.1 a ahare, payable from 1U1S
earnlnsa un Juna 2U to atock of record
May 81.
Cudahy racklns Company, rrtular quar
terly of 14 per cent on common, payable
Juna 13 to atock of record June A.
Acme Tea Company, resular quarterly
of 11.73 per ahare on ftrat preferred, pay
able June 1 aa reglatered May 20.
Ilrltlen-Amerlcan Tobacco Company, an
Interim dividend of per rent, free of
lirltlih tax. on the ordinary eharea.
Philadelphia lSlectrlo Company, rerular
quarterly of Is, per cent, payable Juna IS
aa reslatered May 22. Hooka do not cloa.
Weetlnshouae. Church. Kerr 4k Co.. quar
terly of 14 per cent on preferred and Hi
per cent on common, both payable June 10 to
atock of record June 1.
Charge Unfair Trade Practices
Washington, May 16. Complaints
against the Ironlte Company, ot Chicago,
tho Master Builders' Company of Cleve.
land and the United Products Company
of Chicago, alleging unfair methods ot
competition, have been Issued by the
Federal Trade, Commission.
Ohio Oil Company Pays-Extra
riadlay. o.. May 16 The Ohio Oil
Company today declared the uaUal quar
terly dividend of $1-26 a share and etn
extra dividend of $4,75 a share, both
COTTON PRICES DROP
ON ACTIVE REALIZING
Operators Apparently Believe
Prircs Have Gone High
Enough and Unload
COTTON lll'.l.T MKXTHKIt f OMHTIONS
New Vork. Ma 10. The follcmlnx lent
perntiirea ,ere rrrorilfd In the cotton belt
IliU PKirnlnsi , ,
I'ort Htultli end Knnillle, not nkli
linma, l.'ltle llnck und Atlanta. Oil Mireie
liori. lrk(,lnra. 11on1aonier . 4'lit.ltm
(Miau. Nsali, ille. AiiKtiatu. Tliomaatllle.
hinnnniili. Wllmlneton hc,I Tsmte-. 6I1
Ahlleer. 'lemplile. .iierliiinn nun .iiaeon.
not rriiarnlu ntitl I hnrleton. SSl ew
Orietin, and JaekMin.llle. 70. und Corpu
ChrUtl nnd iul'eton. 74. ...
There wee ,0i Inch of preelnltatlon nt
Atlanta. .00 -t AuxiiMtu and llmlnxtnn.
,0t nt Thomaa.llle and .20 nt Hatutinah.
New York, May 10
In sharp contrast with the declines of
tho pretlous two sessions, the cotton
market today scored net adwinces of 25
to 68 points. At times there was n lery
strong tone, caused mainly by talk of
peace and reports of unfatorablo crop
conditions In lb" eastern belt, but nctlic
realizing and selling by some bears
operators, who apparently believed that
prices had gone high enough, caused a
drop of about 50 points from tho top.
Reports of an linproted demand for
low grades and the appearance of a
little trade buying helped the early ad
fnnre,. Another factor was the strength
of New Orleans, which led t arbitrage
buying here by houses with rsew Orleans
connections
On the whole, howeier, tho ndvance
seemed to reflect the technical position
and ufter showing net gains ot noout
38 to 46 points, the market turned a
shado easier with later nuctuanons
Irregular.
The bulk of the bulng on tho early
advance was attributed to covering, and
while the more urgent demand appeared
to have been supplied, local brokers said
there mutt still be a lafge short In
terest outstanding. '
The weather was considered lery fa
vorable all through the belt. Including
seasonable temperatures everywhere.
May
July
October ..
December
January .
Ytaterday'a
ClOB"
lo.e Open lllah t.ow f.ast
2S.03 2.1.4.1 21.7H 2S.4H 2.1.78
21.00 2R.30 2.1.75 2.1 SO 23.4S
24.10 24.40 24.0J
24.21 24.24 24.54
24. (HI 24.17 21.41
4 SO
4.30 :
1.17
I. Ml
4.33
11.35
Liverpool Cotton
ii....i Uiv 16. Snot cotton was
quiet today with prices weak at a de
cline of 16 points for middling, old
contract.' at 21.66d. The sales were
2000 bales. The receipts were 1000 bales,
none American. Futures were steady In
tho early dealings. Old contracts, yppt
5 rices, were I American, middling fair.
.2 76d: good middling. 23.07d; middling,
21.66d: low middling. 21.02d; good ordi
nary, 20.02d; ordinary, 19.60d.
Cotton Buyers and Sellers
New York, May 16 May-Hartoorn
July brooks. Rountree and Segal
bid; Kelffer. Hubbard, Lester. Schley,
Weirlt. Hagedorn and Rusaell offered.
October Mitchell. Hubbard and
Young bid; Hyman. Downs, (Jumeoni,
.. .ri Watklna offered.
December Nixon, Mitchell. Hartcorn
and Hegal bid; Hagedorn, Montgomery
W.X?" Sft..,. -.,. .; ..a
BUSINESS IS SMALL
IN W CORN MARKET
Uneasiness Among .Shorts
Leads lo Fairly Good Cov
ering Movement
:hin niii.T e.thi:k ioukcast
riilraso. Mm in. Illinois nnd Ml.aonrl
rlr tonlalit nnd prohnbly Friday,
V) lronin Kolr tonlxliti rrldoy partly
rloii.l.,
Mlnne.oe 1 In.ellleil tonlsht nnd Fri
(Inv. proloilib ehoiieri,
Iohb (jeiiersllr. fair and continued
iinriii tonlehtl tlday un.etlle.l-
i.i.i!'.,t-i,i?..,",','5,",bl,r howera to
nlcht ami 1-rlday, cooler.
lii?."lh. I.,,nt,' t'naettled nd cooler la.
nlrht and Friday.
and jv'lda" ,'ro'",b,'' shelters tool, lit
rln'od"."""- l'"W ,onl,,,, 1'rlday partly
.i.iP.n,."lk r'.'V1 'omln I'ntettlrd
' -mi rnuai,
ta-
CIiIcbko, May 16,
Business was much smaller In volume
In the corn market today. There was a
rcarclty of offerings In the early dealings
and the tone was strong, with scattered
commission houses buying.
it was estimated that the receipts
would be small, probably reventy cars,
and this caused som uneasiness among
shorts and led to n fairly it-md coverlnit
movement. The cash market, which
"honed a quiet deposition, dhqilaytd ,.
strong tone.
May opined nt $1.27!,. which was tho
highest, and .closed at $1.27, bid. the
lowest, unchanged. July htarted at
$1.43H ; the high was $1.44i ; the low,
$1.44'4 ; the close, $1.41!4ifi 1,414. com
pared with $1.4314 yesterday.
The market for oats generally moved
In sympathy with corn. Although bust,
ness was light, a scattered demand In
the early dealings held prices fairly
steady. When the decline In corn started,
pit traders offered oats down with an
Increased lolume of trading In evidence.
May opened nt 76?,c. went to 76Sa
and then dropped to 75!4c. The c!oie
wbb 7575Hc. compared with 750
yesterday. The start on July was 67c.
Tho high was 67tfc, tho low 65Hc and
the llnal. G5J 065T.C, compared with
66?c yesterday,
Iadlm future, ranted aa folio 1;
corn (new delliery) Yta'dav-,
Open lllah txw Cloaa cloae
May .... I.27i 1.27 1.2H.127i I 27i
July .... 1.I3H 1.44H 1.41(4 1.411 lis-,
Oata
1mv .... tit VltU ?K1' ,-' ....
July .... 00i 07'i 63S 03 l'al
Ird-
July ....21.81
Mept. ...23.23
Itlba
July ..,.23 aro
Sept. ...23.B3
Pork
May ....42.5.1
July ....43.15
Did. tAaked.
2.1.0.1
23.40
23 42
23.90
42.5.1
43.40
!4..12 .24.B0
:4.7 24.97
22,80 22.SI1
23.90 23.30
42.41 42 00
42,13 M2.13
24.110
25.20
2.1.80
23.80
42.53
43.16
RAILROAD EARNINGS
NEW onr.EANH, TEXAS' AND MEXICO
1017
Operatlnv revenue ., in, net, 220
Net oper. revenue, 2,4S7.ihi.i
Other 1 nrome 803.&D2
Uruaa Income ,. 2.487.8X1
WA11AB1I ItAIIAYAr
Year ended December XI
1917
Operat. revenue $40.471, sts
Net after taxe.a. 10.543.822
Hlrosa Income,,,.,.,, 11,115,009
lircreaae.
Inereaaa
:ao. sot
S7S.80J
207.507
413,071
I2,730.SBI
l,127.BSf
1.063.531
Refined Sugar Unchanged
New York, Atay i. itenned au
re uncnangeu at, i.stc. TM"
ana me NiiWMi.t
are
t(3 :ift
-' M 4IU
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M