WX. 'V'j t. ij!' - ,,i("'r 'W , 'V.& a J- . '- -w .. I w r j " rJ- JTSic .' ,V , EVENING PUBLIC LEDGER-PHI ftLVYM, 19J.3 : ' .' : I . l 1 , : . -i j- : i SHiVER I ceye Mines Co. A-af fak. h ikuaalfe lHvltA. flfw4 off the prewttfii. Ih t iMnttfr and iwrnnnnM of the.. vW8vrefnnt of the prtcrwi flr crempitiihrd, totether lh folare PotrntlnlltUn, Arm will fttttpt ubscrlp- jAt 60 Cents r Hlsre for the utoek of if bore, named Company. Pi ftptlve Hroilar npon reqaeni slowTaylor&Co. 1I.L.U f...a1lilaUil I --j lurmurra uiiruiiubith i'llioelc Exclinnee of New York TfS Wldfn.r Bide. PhlU.. r. f.naintit eoss vainui too I'nrMtr. I"a.. umrc. NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES ., -mm . WW 002 C'roier Hide. f B ''sUP Melt rhone 2213 IE "J! 11 ',& if'' & lm ' $i Pv&: r- af"!. 'W -ff ar": . t ?ri-i Do You Know the meaninr of the Stock Market terms that you read sin your daily newspaper or financial magazine? The Language of uic siucH ivmruci J:'iS the title of a booklet Jwhlch defines over 200 mar ket words and expressions. ii Ask for Booklet TIND4I Copy free on Request JONES & BAKER w STOCK BROKERS V Widener Bldo.. Philadelphia. PHONES '.iiwim. :JiV. iS-.ss phones ?"t.J5rAI-NUT owo Jr ' ,sw MEW YOK PITTSBUROH Jp R. ,f , kv CMICAOO BOSTON T ffI' WE" tKEH. t.Rp'il VUnrr nulMtnt, ruiailrli'Hl r&sSc tliout obligation pni me your boolc-JUo9,-!it "rt II of the Stock ''f-$iw! Knm pfr '.'.'. $Mhott rt -on DECLINES COME AFTER EAKLY ADVANCES FOR MOST STOCKS IN NEW YORK 'CHANGE TRADING Active Element Takes Bear Position, but Sentiment Otherwise Is Generally Bullish Most Outside Orders Arc on Buying'Side New York, May 21 The market showed a strong tone nt the openlnB. but for a Rood part of the first hour ndvanres were not maintained, the Hading element on the floor taking a hear position and making constant efforts to brine about a reaction. Sentiment outside of this element was generally bullish, and, although some large blocks of leading stocks were thrown on the market, the demand Increueed In volume on the reaction, showing a good absorbing poer. Pools were acthe in several Mocks, including Kaldwln locomotive, Distillers Securities and Industrial Alcohol, and there was continued buying for Inside Interests In a number of other Isbue-!, Including Marine preferred and several of the steel industrials United States Steel Indicated the character of the market, advancing to 109, and then losing nearly all this gain. Baldwin Ixcomotlve fluctuated over a wide range, advancing '2 to 99 4 and then reacting to 98, and It was followed on both advances and declines b other steel industrials The copper stocks were more active than the huve been for some time, Kennecott, Inspiration and Anaconda making substantial fractional gains, with the buying based on the belief that the flnvnrnment would announce the fixed price of copper, beginning June 1, at 2.1 cents. Representatives of controlling Interests were buvers nf Distillers Securities all through the morning, that stock advancing 2i to 2i4 Mailne issues were in fair demand, with the picferrcd moving up IS lo 10.H4 but reacting to 1 0'J before middav Commission business was on a moderate cale, with most of the out side orders on the buying side FAVORABLE WEATHER (GOOD CABLES CAUSE INDUCES CORN SALES ADVANCE IN COTTON 1 New York Slock Sales After Di&plin of EaMiic&s in Early Trading the Market Sliowb Improvement twscr S A, v U1KKUTOKY OF ACCOUNTANTS ifvvi ;w Cortlned Public Accountant 1 .tiAWrtENCE K. UHOWN & CO. lfll.1 RKAl. PTAT1T 'rni!lT til nn VE8TIOATB & ADJUST I'AnTNKrtsinP IBFOOA.TION & DISPUTED ACCOUNTS inl. EJgLONDON STOCK MARKDT iQuudian Rails Are Cheerful, With the Gilt-Edged Seclion Hani s.r7. M;-3,Jwnuon, Aiay si. A general discus h'fct9onof future financing of the war be- en bankers and Chancellor of the ccheauer Andrew Iinnr t..m iu itn. ndlnr. It was learned tnrtav. awhile the stock exchange markets .generally steadv. a holiday feeling us4ucu iu iirevau pavoranie earn- rife-S 71 . sm m ism Pat in m.s iiri.t w i:Tiihii inmu st C hlciuco. Mm 21. Illlnol-l'nfttlcd tnnlrht nni r(lnesilHi. MIMOiirl I'lirtl rlomll lonlnlil unci VAnlncMtai. WNconstn slioner tonlKlif unil pron nlti Mplnedai. Mlnnesotn showern tonlKhtt Vrdne flm aenerul! fair. Iowa Thnniler shower tlil afternoon or tonlaht: rftnesilu.i arneriill.1 fair. North Dnkotn shoiirr thl nftrinoii ami proband tonleht: Ulnesda.i fair. South Fakota I'artli rlontb anil rooter tonlcht and Uelnedai. Nebraska anil lana firneralli fair tnnlcbt and Urdnrsrim. Montann 1 air tonlicht and UeHnriidiii , 1 lomlnB Talr tnnlchtt Wnlnrsdd.n fair and iiarmcr, litruRn, 1a Jl After displaying faslness in the initial trading tnda. tlie com market Impioved At the outset there was scatteied sellltig hi commission houses. Inlluemed h favorable weather In the belt and indi cations that planting is making good, progress !,ocal interests linniedlatelj be gan to btiv, because of strength in oats and the offerings ceased May started, unchanged, at J I made Bentln.vnt In Canadian rails I July opened at $1 438i!i$1 43i4. against erfuL rd. The gilt-edge section was chlaon . . fladUn Pacific Ohio Paul 1 ....... '!,It preT inoia central tAiAN r it ti mi.2 'Jjuila ir V.sh ill central pacific fc '.Pennsylvania rKdlnir . . , Southern Paclflc Union Pacific f g Vt 3 Steel . . f,onilon 12 -.11) SB . inn J r.n . iw . . a.- 1(WI . 12J . 17 7 . ni sn t.in . lit N T. equlv 1.-.2S no 17'i, 17i :i:tH tr.'. lii ":t' U sns s 1 2.1 J. 10S', Financial Briefs E& . April gross of the VirKinia Rallu.-iv anrt ' SS8?5Ker'P' ,,as 642.52U. an Increase of i t;Axl3b.47Y as cnmnarpi nlth tha aunt. I EJfoMonth last year, Net for the month in. I EJ f GrUtiRIXl S'-fiSK Ten mnnlhci ,-.,.. ysea 11,093,518, with net for the Mod fihowlng an advance of $191,041 i i wa coin to the amount of I2.000. ftifca been received from Conoiin nnH Hitieldepoalted today In the New York nrwrory to me credit of the United, fMwicitti iveservw oanK, $1 I3S at the end esterda and. after touching $1.43, moved up to $1 43'v The receipts here today were 116 cars Private cables said that harvesting re turns In Argentina were excellent and the nuallt.v of the new crop was good It Is believed that the surplus for ex port In Argentina will he liheral. but that clearances will be limited because of the moderate supply of tonnage. In order to relieve the pressure of stocks In that country industries arc burning corn for fuel There was a sharp bulge in oats, following a sIiok nf easiness in Julj In the initial dealing?, when there was scattered selling bv commission houses Shorts In May were active bujers and the strength or this position helped July Fears of congestion In May were disturbing That month opened at "S'nC against 7 8c at the end esterday. moved up to 79c and then sold off July was quoted at 68 to 6"sic at the start, against 68c at the end yesierda.v and, after touch ing 67isiO. advanced to 68c The re- uais Advance Itumely Advanep rttinHy pr Alaka Oo'd M AIIUCha'mMnr AlllsChalmMfcpf Am Deet Sufar Am Can . . . Am Can pf Am Car & Fdv Am International. , Am Ire Am Hide. I, Am Hide A I, pf Am Unseed Am Unseed pf . Am Locomotive Am Locomotive pf Am Malting Am Smelt ft rirf -vm smelt A Hefpf mSrimitnTob Am Steel FoandrlM Am. Sugar rtof Am Tel A Tel Am Tnbacro Am Woo'en Am Woolen pf m 7.lnr I. A s Anacondi Copper AtchTnpA s V A ten Top A S Kpf Atlantic O A W I na'clw.ti I.oco Rait A Ohio rUrrpttCo Ratopl'as Mining Beth S Cla II Ilelh vn p r pf Ilronkhn ItT Butte Cop A .Inc Butte A Superior Cal Pptro'eum Cal Pelro'eum pf faniil.an Pacific .. Cal Parking Cent r.eathCo f cut I.eath Co pf t b-i A Ohio Chi fit Western f In fit West pf t hi Mil A St Chi Mil A SI Pp. Chi A Vnrlliwest , Chi It I A I'ac It I A P 7 P c pf 1 ( It I A P (1 p c pf C -110 Copper ( htno ( oppcr ( ol Kuel A 1 ron i Columbia Has A E orn Prod Kef Corn Prod Itcf pf !ruclb'e Steel Cuba Cane Sugar I ( llba Cane S pf Del A Hud on I Den A Illof.r ntstllVrsSec Kne 1 Erie 1st pf C.aston Wm A ) Con E'ertrlc . i rcn Motors ..en Motors pf Ot Northern pf J fit Norc for o p 1 Greene Cananea C (.MI states Steel , Inter Agrirul Inspiration ( op . . Inter Conol 1 Inter Mer Mar Inter Mer Mar pf Ihter Nickel I Inter Paper Kane tv s()Uth Kan ( Itj south pf I Kcl'v Spring Tire I Kenreco t ( opprr I I-ack steel I Lehigh allev Lee HuhtierA 1 Liggett A M.vers pf Louis A Nash Max Motors 1st pf. Mextgiu Petrol Miami Copper M.dv ale Steel Mo Kan A sPx Mo Pacific iin r ...inn ,r wiuiiii me miii.ii traoing with Liverpool x,at (oni ( ,P still a good buyer, espwlallv of Julv. NatKnamAs Hooin traders continued to supplj the , inn ( op ls' , ' New () Tei A Mei 1 lie carl.v i ra ctlnn to vv I thin a polni m l ;t.w v, nc ( ,Mi( two .if last night's closing figures .. ; N (r , followed bv i.illles with active si lling ( Norfolk A est about 3S points higher toward the end . Northern Pac.fle of the first hour Liverpool was : corl Ohio C tics liis buver. while there was considerable ' Pacific Mail covering and a moderate demand from Pennsvlvanla ft R . trade soinces. but after the execution of i Peoolc's Oas f hi a few stop urdeis. the market showed I ritts A West a .. tinewed nervnusiiess, with prices at re- i PHI" toa1 actions of 10 or 1J points ' Pressed Steel Car iwiiig to radical changes in difference. I Hv Steel Spring between high and low giades In some nf tin southern markets. IocnI rlifTo,- TBt ClOBO , IB 3fl . li .Ti R.W . 73 40' t rm . 79 HSJi MU 13 . ftl?j 374,' 7fiij 67i no,i S'j 81 106 12015 fi7S lllch '.Ifii, 36' 2:00 low p.m. '.Wt 3G4 47i 31' 4 13 3v'3 i 0$ si 81 127M MH 31 is n 31'i 13 37'i 3S 7fiii 7tiM OT'i 07i ti! OS s s Sl'i Sl'a fVi. 12714 (iii'i 66M j Neiv York Bond Sales fisPj S.V4 ltli ir." tis's i"1' n2'5 n7!i U7' UU"t 102U fin; 1 91 ifi, fiS', OVf OS . Roi, 8.V? S"'i S2's urn, ill. Ill's no" j os', 7'i n't'i 5"'s "n'l 91',' 1 .. SS', SS' ss lOfi'i lOi's 100', 13', 10', 2.)',' . ... . 1S'5 IS IS .-,31, .",3 ,".3 140' j .HI", 140', iV, 13', 13 07s, OS' 3 OS 101 ssi, JS',' Wt oS' SS" lOflVj IS lfl 140' , 43', US'-.. Commission Houses A r Heavy Sellers, hut Buying Absorbs All the Supply celnts here today were 16.! cars ' are being offered freely in the Arpen'lna ViWi The receipts or w Ileal ai Minneapolis a'.aropcrtlea now controlled by the and Duluth todaj were iu ears, against LlfSecUrities CnrnnrnHnn Intttmnm. tHA .n.n last vear: at Winnipeg 288 tyTcharges eliminated, renort for Anrit .-.-., uminsi Ri'r. cars, at Chicago nine aT,nS..0!5f.,l"5A.a?k'nLr!"S,car: against fiftj-slx cars sjn.129. For twelve mnnlho irrnsa Leading futures runt-cd aa follows Mased 932,182. with net revenue, of '""""""'''"".V.ir ,n"r:. 4,959. ., y?? "" ' ;,:;7i. JilH . 1 43. 1 II. 1 13 1 IT, I 134 flllh llav 74 TD', ii. . .'. jshsai tne annual meeting of the stock (KMlte! of the Commonwealth Title KTnsuranee and Trust Company the re- M,iiinnT poara or directors was re-elected jWOflJcers -were also re-elected ijifSj'tevI Tm. Rue,, president of the Phlla- ,dT?lhtll. Vnttnnal Hanb lc aMenrfin .i.n ps&fl" ABrlnar meeting of the Pitonl iiaviM,. ITtiaV-ir.-ll l w sTi . "-..v.j Exn-1 " ,IUIIBlOIl tzL . :. s j.nj nvwr iorK Buoireasury caitied '14TAAII T-.ua L. . 1 .. 1 r,j f tw,vvu iivm in-; uaiiKH jes-Teraay, Lrw. mftKlnif a rash net train sIfipa ir-iHa.. - ,S?e.ifJo. "" "l ! A' resolution has been passed by the uju. ui iimiiaKeiH 01 xne iew lorK tton Exchango authorizing the super lepdent to sell to the highest bidder I ."noon on May 31. the membership of ;j.. oviiiiicr, iino xaueo sometimo KM 2 SO 2,-i 07 Julv Lurd Jul Sept nibs Julv 23 00 Sept "-'3 42 Pork May Julv 12 tn Bid Ask 7R Hi', 7nw hS', 24 ". 24 77 24 &2 21 H.' 2.'. IS JS 07 t2.'i 12 2.'. 22 23 Oil 22 fix "22 02 23 00 23 4X 23 -.. 12 X0 42 40 M2 .X2 10 in ISSUE NEW FARE LIST im ''WSK (- Ry1 ;, ii wot ?"tf? et operating Incomes of ISO clasB 1 oaas ana sixteen switching and ter 1.1 comnanles durlne Fihriiapv u.a 242.637. or about $29,000,000 less Uie Income In February of last r. Kotice has been received at th vu. Jwlt Stock Exchange that Liggett & yra propose to Increase IU capital ttijok by 121,476,400 common B stock. AWi panes or tne Keystone Tire and Kub . Company for the first half of May bvidv,viii as comparea witn less l'?s;oo,ooo tor the corresponding pe ln 1917 and less than 160 non tnr ; torrespondlng period in 1316. K lilver Certificates Disappearing trer certificates are betnr withdrawn t.' circulation daily and the amount nains on May 15 was $427,645,134, tallest In recent years. This com. Slth $455,778,618 outstanding on Ita,1' 1918. The shrinkage is more fthown, by comparing the sliver wla In the Treasurv on March 1 i!'t49I.29,218 and on May li'. f 5U5.811.514. The decrease was l reductloa In silver certificates naint ana 10 a decrease or sliver 1 tn the general fund of the Treas- nV Pittsburgh Railways Kstablishes New Zone Covering Two-Mile Uide I'lttsburali, May 21 FfTectlve June 2,0, the receiver for the Pittsburgh Hall ways Company Issued a new list of fares. A five-cent zone has been estab lished covering a ride of two miles from the center of the citv The car line has been divided Into six groups, and in the majority of cafes the fare is seven cents. No tickets will be sold in lots of less than cnght and the charge will be fifty five cents for eight The six-cent fare has been abolished In Pittsburgh, but In municipalities surrounding the cltj, the six-cent fare will obtain Transfers for a ride beyond the five cent limit will cost two cents Under I the ruling of the Public Service Com- 1 mission the company must give thirty dayB' notice before fares can be ad- 1 vanced. The advance was predicted by Charles A. Fagen, one of the receivers, recently when the conductors and motor men were given an increase in wages. ' JUfined Sugar; ijnrhanged York. May 21., The refined arKt-t continued uncnanred both lAdltions and nrlcea. All Inci Vf9 quoting; fine' granulated at fie -reaerai,v warner and companies ar' withdrawn. Iwn are unchanged at C.ODSc, j i , fPOVEIWMENT BONDS Did 4rd. losn , 97U , llioti ., , ,. t m I'll, t5 ... . -.-,ll m ..,, ,, v;ii'v s? :i'J si it-'iSJ mj iy- 'J m.fe.i ' - Aak. 88K 10a 106 NEW YOUK COFFEE MARKET New York, May 21. The coffee market had a more active opening this morn ing and first prices were unchanged to 1 point higher. The activity, however was not general and was confined to the September position, with trade In terests buying. The selling seemed to be In the form of renewed liquidation from the outside The market became quiet after the opening and price changes were nar row. The spot demand was slow, and while a few lots of cost and freight coffee were offered, they met with a rather slow demand. Arrivals of mild coffee during the last week were larger, amounting to about 135,000 bags, and stocks In the United States are 739,000 bags, compared with 745,000 bags a vear ago. Today's opening- Aucuat ...,,, Septrmber . October ,.. November t December , , . January -,,,. raoruarr - March ......... April ,,.,, May ,,,,, June .-,,vt July , 8.35 8.36 M. 8.50 8. SO 8.80 Teaterdaya clone S.l'Ofl-8.32 8 3ieA.a7 8.40i8 42 .4.Sft.47 8.0068 52 8.snera.sa 8 H2fR.M 8 AS 08.71 8.75 88.77 srFs.in 8.181 8.18 8.23, ft. 20 8.25 Ollie Jamea Critically 111 Waahlnston. May 21 Senator Ollle di iS-aniucK-. , oriticaity 111 or cotton iir.i.T w i:tiii.ii (ovninoNs New ork. Via, 21. The fnllowlna temiicrattires were recorded In the cot ton licit this tnornlne: hntlnnooKii, linnvvllle anil Nashville. 4 1 Ickshnra anil Vlcrlilliin, fiRi shreve porl. Oklahoma, Tort Smith, Vlucon, Ail Kiistil ami Thninasvlllc, ni Millene, san Antonio. I.lltlo liock, Vlemohls, New Orlenns, Vlonteomeri. Smnnnah. U ll nilnctnn nnil Tumpi, 70: .lurkson, lllr, 7.': rensiicola. hiirlestoti, 7t( orpus 4 hrNtl, There was .01 Imh or preclnltatlon at 11c11stn1 .04 at Knovvlllei .20 ill Nnh 'llle. New Orleans 11 ml l.llllr Kocki .21 at Mrkshurc. anil .311 at s.,rP, rixirl. New ork. Mav I 'iooil Liverpool Lables caused ad vances at the opening of the cotton mar ket bere prices moving up II to 21 points on the call, with the tone ste.ijj There was a large demand from Liver pool and Wall street and spot houses also purchased t piown interests, local operatois and commission houses were heavy sdlers. but the buj ing was suf ficient to absorb all the supply Weather conditions In the South again were a standoff, there b'lng scattered precipitation, with temperatures slightlv below those of the previous daj, but still about normal for this sia'tui After the ,all the market held well .Iverpool com- PPl5ing to deliveries on contract have wiaeneu. strengthening the value pared with middling. 1 lie hoard of managers of the ex change have denied the request of some of the members to close the exchange eveiy Katurdav during June. Julv and August, holding that such action would be "enntrarv to the interests of the e. cnange Hay Con Cop ftcadlng Rep Iron A Steel rtojal Dutch Irr St I. San Trail Sloss Shefl S A I Sinclair Oil Hef Southern Pacific southern Ity Southern fiv pf studebaker to Tenn Cop A I hem lexasLo l.-i 71" UP j . 00',' 00 . . 10' i II',' 47". 33' , . II', 10', OS'i 31'i SI 110 . 01' 1 10 32", . 31 lit 12.", SI 01 31 13 SO l.V, ..4 . Si 2'1 101',- 2s', ID',' lS'j fi.3 151, .Wt' ST.'j Ii0 17',' 103 117 5Ii,' 07'j 20.' j .".4 S', iJ'i ot',' io; 22". 73'.' 41, 106 SO',' :V) 31', 14'i IS', 2S', . 33', 00',' . .'..', . 2.-.", SO", . SS', ni 12', Hi', it'. 47'j "ll'j O'l'i .11', SO', llll ' 02', 32U 3l'i 17' 7lf 10' I4'i 17', 17', I j". ! 10'. 41', 17'-. HlKh lfOOOAm Agr deb 5s 04 Vi 600ft Ang-Freneh Bs 92' 1000 Am Smt&IlefBs 87 7000 Atchison gn 4s 82 1000 At Co LI 1st 4s 83 U 24000 Bth Stl lst5s'36 83 a, 1000 Brk RpTr5s'18 97',; 5000C & Oconv 5s 81 16000 C B & Q Jnt 4s 93'i 7000 CMA-StPrd 4's 69 2000 do cp 5s ... 99i, BOOO do 4 Vis . 7Btb 3000 Col Indust 6s. 74 H 26000 Frch Itep 64S 98V, lnoocen HI dch Bs 98 4 1000 Indiana Stl Bs 95 1000 Iowa Cen Bs , 81 100ft Inter Met 4is B4-H 1000 Inter II T rf 6n 84' 26000 Tntr Mr Mnr 6s 99 3000 Inter Agr Bs. 72 1000 L S deb 4sl928 86 4000 Lib It'nils 3 Vjs 1)9 831000 do 4s . . 1)1. AH mono do 1st is . nn 328000 do IV,s .. 97.70 5000 Mldvale Bs . 88 af, 10000 M P WL5sl926 87 'i 3000 Mo Pac gm 4s S8T4 16000 X Y C & II 6s. 94'(, 2000 do 4 4s . . . 85 .inon N Y C 4 i.sl9B3 98 a. 2000 do 4'is 1957 98", inon N' V Ity ref 4s 5.1 3000 do adj 6 . 23 jnnn N Y TI gn 4Vss 89 1000 f) & It & N 4s .731, 'Jiion Pac Tel 5s 91 ', loon Pa gen ct 4 'is 90i, 1000 do en 4'siS 97 2000 St L A S F ser A . . 60 21100 Seali Al, adj 6s 54 i Toon So Pac cv ts 80 lnoon do ret cv 5s 94', non So Uv gen 4s 62 1000Teas Co 6s 98',, nno V S Hubher 5s gn lliOO f S S & 13 6s 95 1 j 2000 I' S Stl s f Bs 90 mono i' Kofc, ua-i Bs 9'i,", 60000 do 6'i.s 1919 971-.. 37000 do 54s new '19 99 21000 do 5'-s 1921 '.IB1 INACTIVE NEW YORK STOCKS Following ale riuotations for Inactive New York stocks and in which there vvero no tiansactlons today The pi ice given Is the lat previous sale A lax Huhberf 60'i, Nor A West 79 Low- 2 p m 94 94 ',4 92 92 ', 87 74 87 82 82 83 I, 83 M 83 83 97 U 97", 81 81 93 93T 69 69 99", 99ii 75 Vi 75'4 74 14 74 4 98 'i 98 Vi 98 'i 98 V- 96 95 81 81 64 54- 84 4 84 4 98 99 72 72 86 86 08.96 08.98 94.74 04.74 9.1 9 97.34 97.54 88 88f, 87 4 87 4 B8'4 68' 94' 94', 85 85 98 98 98 98 53 63 1 23 8'1 ?9 73 73 OIL, 914 !in" 'in 97 97 60 60 Sl'a .''I' 79 80 94', 94', 62 62 P8!a 0S 80 sn 95'- 95 4 no no 99,1 -in 97'- 97 99 1 99 a, 95 4 95 4 Sales in Philadelphia 500 Kenne C 100 Lk Sup C Itlah (10 a, 54 !0 Leh Nnv 20 Mldvale. 122 Pcnn It It 4411 300 Phlla Hlec 20 in Ph Tract 68 .10 Heading 87".', 6 l"n Trnc, 41 1305 I' S Steel lOOVfc J00 W J A H 40 34 V 16 I)"--', 54 V, 41 23 08 87 Vt 41 108 40 1 10 Net p m. char 34V4 V4 lt .. nHi Vi 54 44".i .. 2.1-fc , 68 871S 1 41 lonvfe "i 40 Net 2 T M. 1 hce. 9(1 101 Vt 98.80 . . nl.60 .20 97.30 .30 00V4 90V4 Vi Id 93 90 70 95 1 nONDS llleh Low 81000 Leh Val Coal 6s lot lot nno do 3 4s 08.90 8.80 900 do 4s 04 711 D4.60 730 do 4 Vis n;..0 97.50 1000 Pa Co con 4 4s'6U 90V4 1000 Phlla Co 1st 5s on moo Phlla F.lcc 1st 4s. 7A 2000 do 1st 5s 9.1 500 Welsbaeh 1 o 5s B.IVi 91Vi 9Vi PHILADELPIHA INACTIVE STOCKS Following ore mint.itinns from In- 1 active stocks listed In the Philadelphia ritncK Lxcnange and In which mere were no transactions today. The price given Is the last previous close: A r. War .. Hi Ke stone Tel 8 Alliance Ins 19 Kystne Tel pf 50 Anier (las 75 Leh Val Tr. . 20 Amer rtwy . 30 Lit Brothers. .25 Vi Am Itwj pref. 75 Leh Val Tr pf 26 4 Amer Mill 104 Little Schuyl. 48 Amer Stores 29 Mlnelilll , . r.n Amer Sirs pr 92 North Penna. Brill J a pf 70 Penna Salt . ll'j 114 OS' :il'. SO', 111) 'oi' 1.0 .' 1 , Nil', no '02', HieI.i Inn 1 1A AmCar&r pf 110 Am Cotton Oil 37 Am Express 78 iA Am Ice Sec pf 60 4 Am Malt prer 4 N Y On AW 21 North Amer 4 4 Nova ScoStl 63 4 Ohio Fuel Sp 41 ' Ohio (Ins rets 68 Ont Sliver 10 Brill .111 . . 25 Phlla Co Buff A S pf 4 8 I' II T . . . . . Huff A- Sus t c 62 4 Penti Traffic ' am iron . . 4nn, Camb Steel . 127 Cataws 1st pf 62 1 atavvs 2d pr r4 80 88 23 'A 2 Rwvs Co Ocn 2 Tnno Bel . 3 5-16 ITn C of N .1109'-'. IT S Steel nf.,110 Con Trac X J 6Vs WarwlcK Iron 8 V. On Asphalt. 14 4 West Coal .. 70 fien Asph pf 48 W Cramp &S 79 lit A- H T . . 10 York P.wy .. 9'A Ht A B T pf 17 York Rwy pf. 01 Ins Co of N.A 25 A'cto York Curb i.NnrsTiti vls Am Sm pf A. 88 Owens Hal 324 31 1214 12 SI 31' SI 'SI' .VT, 1 23 1. j M Am Smelt B 99 Am Toh pf 95 Am T A r,i. . 55 Am Wrl Pa pf 25 Am 7. A Lpf 18 All Coast L 94 61 I'ac T A T.. 20-i Pan Am Pe pf 92 Teorla A I last 6 V(rr Maiq 124 Pere Mri pf 57 Phlla Co A C, A W I 63V, Plerce-Ar 40'- Assn It 1st nf 62 Plerce-Ar nf 96 21!'- 2'.)', 2114 1034 lOJ-i 103 20', 29', 2!l'. Ki'i 10'f 10 31 .-.-, )S', 20', .-.44 234 104 .si', 20-,' 73 ; 124 79'.. RS', 73 il'i OS 204 51 'J.Vi 514 104 53' , 20'.. US'. 20' ! 544 i 23'.' 51V, ' 104 The receipts at the ports for the day I rob4o Piodurls ,re estimated at ln.000 hales, agalns", j ( n?n pacific j ear ago anil i,,4&5 bales two .vears go leterti s 1 1 3u i in Mdv July October . December Januarv i lose Open j m I" 24 70 24 .IK 24 'II 24 114 24 00 23 .-.9 21 SS 24 111 24 OS -') 0 23 72 2.104 23 91) ,23 0 2.1 IIS !4 S-, !'l 97 13 S-, Cotton Ilujers and Sellers Neir lork. Mav 21 Jul, Haged'orn. Downs, hellar. Montgomery, Slgel and Brooks bid , rtiordan. Waters, Wilson (aumoens, Itosenberg Brooks. Wlggin Newman. Bussella nd Wierk offered October Hinsteln, Hagedom. Downs, Cone, Olfford, Montgomery and Hyman bid , Oeer. Bosenherg. Hartccrn. Waters, Munds Wilson and Hicks offered December Hyman. Dixon. Oumoens, Brooks and Sternbacher bid : Young. Ithbbard. Montgomery Lester, Wierk, Waters and Hartcorn offered Januarj Wilson. Hagedcru and Gu moens bid , Waters and Hartcorn of fered. March Waters. Judron and Hartcorn bid , Frederickson and Hartcorn of fered. Liverpool Cotton Liverpool, Mav 21 l"rpat cotton vvas quiet todav with prices weak on the basis of a decline of fourteen points for middling old contract at 21 4 Id Sales 2000 bales. Receipts 8000 bales, Includ ing 4100 bales American Futures were dull in the early dealings. Old contract, spot prices, were- American, middling fair, 22.62d, good middling 2193d: middling 21 41d ; low middling 20.66d; good ordinary 19 89d; ordinary 19 36d. lilted Clear USC I P A F I l s Ind AVohol I t' S Kuober I U S Sm It A M US Steel ... . U h Steel pr Utah Copper a Iron Coal A C VV abash pr A West-rn Md West Union 'I el West ne E A M Will Overland 05', 2S', Si 21 02 414 174 152', 5S 123".' !lO It', 131 5S 124 IDS', 1 10',' S.14 . 7U 12 .1 01'. 134 104 SO',' 30', 304 114 2S' , 51 til 4 ' 254 S7 SS4 004 13 07',' 2S4 S14 21 153 50' 1214 02', 15 134', 5V, li)!)4 110', S3', 70 414 90 14 21', 73 'a II". S0 ..'I', .ill', 414 '2S'i 51 til 254 b7' SS 1.1 00 2S' , 84", 21 '41'.' 1524 5S 121 01 15'. 1324 5S4 ibst, 110', 83 70 414 '604 43'. 1'J'i 124 s0 30', 304 114 "is4 "it'J 014 '254 S74 Ss4 00 13 074 2S4 S4', 21 'n 153 50 1214 024 15', !.!! 5S4 Asso Oil 51 t- Ilald Loco pr Inn H A O prd.. 55 4 Beth Steel . 93 Hkln I'll 'las In,. Brown Shoe. 63 Hums Bros l.lii Cerro do Pasco 34 4 Chandler Mtrs 81 Chi A Alton. 7 i C s pref 8n'(, Cluett Pbv pr 100 C A- S 1st pr. 47 A S 2d pf 42 K. ''0111 Tab Bee 27 Con 111 Cal M 174 L'on Li Cal SI p.'ei . . Consol (1 Cnnt Can r'ruclblc Sll pr 91 4 I'eere A Co of 95 D A It (7 pf. 9 Det Edison.. 125 Dome Mines. 7 4 Hlec Str Bat. 58'i. Ile 2d pf.. 24 4 F M A pf.. 284 (Ten Chem . .155 Cen Cigar . . 88'... Cen Clgar.pf. 934 Cen Mtrs pr 80 4 (Joodrlch B V 14 Hartman Cp 85 llav I'.lec 101 Homestake M 75 lilt Agricul pf 50 Int i" Corp pf 43 I II Cent . .98 lot Agr pt. Iowa Cent Jewel Tea Keok A D M Laclede (las Llg A M Toll 167 Lnrlllard 18", Maekav Co 75 Manhat Llev 95 Mav Dept Sts 3.: Vi Ma.v Dept pf.1024 Maxwell Mtr 27 Max Mtr 2d pf 21 Mex Pet pf 119 Midi Cent . 119 Mln A- St I, 11 II Mont Pr 68 Mo K t T pr 9 Mor A Essex 59 M StP A- SSM 99 Nat Acme ... 33 Nat Bfsct ... 95 Nat Bis pf llOVi Nat Clk A St 59 Nat C A S pf 110 ','- sat it it or 20 7! 94 40'A 42 4 2S 80 ttts.AWt llf 69L Psd Stl Car pf 93 Pub Se Cor 93 Pull T'nl Car 117 r.eadg 1st pf 35 P.eadng 2d pf 38 Rip I A S pf. 977; Ity Stl Spg pr 97aj Savage Arms 80 Saxon Motor 7 Scab Rlr Line 8 Sears Robuck 140 Sears Rbk pr 116 Shatt Ariz 1 7 'J Stand Mill 96 St I. A S F pf 29 St L A- R W 28 St. la A SW pf 23 St Mill pf 86'J Seah ,lr fa nf 17 Studebaker pf 90 Stutz Motor 46's Sup Steel . 43 'I Slip Stl 1st pf 0.6 St Por Rico S 110 Tex A Pac 17 Tex Co rets . 194 Till Ave It R Toh prod pr Trail Wms Tw in Cltv n I'nder Tv'ne..l00'j t nneo aXi stl. 43 fntd Clg strs 91 I'ntd Rv inv. 104 Villon A Pa 79'-'. Vnd Tyoe pr 104 I'll B A- Pn 1 1 Sj I'n Car SI pr 102 I n Dig 1st pr IK 'i I n Pap Brd . 16 'J I'n Pac pr 70". I nitert Fiult 124 4 I S c I P pf 41 1 S Ind Al pf 97 IS Bub Istpr 1.04 t S Blty Imp 15 ' S Itlty Imp 1st pr . 50 V S Sm A R prer .. 43'i Vtah Sec Cor 134 V S R 1st pf 103 Va. Car Chcm 46 Vulcan Dot . 7 Wabash . 9 Wabash pf B 2 1 1 War R R pf 53 Ms-Fargo. 71 ',; West 'house pf 64 ' Air, 9 Win A LEpf 23 White Motor. 39 " Wiliys-O pr . 80VJ Wilson Co . r,7 vvooiworlli . lir. Mid Aetna Explosives . l2Ta 1 m Brit Mrg . . s I Am Marconi . 3 Am Writing Paper 2 Air Reduction . 70 Canadian Car Co 28 , Can Car A Fdy prer 7.1 I Charcoal Iron . . 8 IChevrnlet Motors .. 124 'Cramp 7.1 Curtiss aernplane . 34 I Carwen Tool 8 j Carbon Steel 109 I Emerson Piiongph ... 2V 1 Ilendee Mfg 1 Inter-Lube I Kathodlon Bronze pfd 1 Lake Torp Boat . . I Lehigh Coal Sales. 1 Lima Locomotlv e Maxim Munitions . . Marlln aVrins . ... N V Shipbuilding Nor Amer Pap Pulp Otis Elevator . Peerless Motoi J PooIp Eng . . Redden Truck Scripps Bootli S S Ixresge w I Standard Motors Stiel aMIojs Submarine St Joseph Lead Todd Shipbuilding . Triangle Film I nited Profit Sharing V S Steamship 1 Vnlted Motors . I Vnlted Sugar World's Film Wright Martin Air. Zinc Concent . . to I '.i 80 16 V4 83 10 2'1 1 1.1 II 50 t.i 80 1 2 ".la Hi II Vi 91 4 ,i 23V 30 10'n I Vest Vk 13 n a Mi 2 4 7S 3.1 80 8V4 120 80 3.1 0 113 :t 20 .1 t 37 8.1 48 i 90 12 :i ,111 16 17 8,1 13 l4 1 lose (Ullc) 13'., 125 34 '"Oh 4614 !2Vi Id '4 fi'a 24 35 Illinois Ohio Pralrip Pipe S O Cal S o N J S u N Y iMir.iMiMir.' Barnett Oil A (Lis Cosden A- Co Elk Basin Federal Oil Inter Vetioi Houston Oil Merritl Oil Midwest Refining 1 Met retro! I Ohio Fuel 1 Oklahoma Ref . . . I Rice Oil I Sapulpa Rtf I Sequoyah Sinclair . .. I 'nited West Oil . STAXIMRII Ol IHR .332 27(1 Sl ,14.1 21.1 190 3.18 2,1! J.'O ,1.10 280 H4 24 10 110 r.n Oil, STOCK. !i 7 Vi 13', .18 224 Vlnv o.a ,.f , 1 . , aPl nm tine Nat E A S pf 994 Worth P & M !9'. N Y Air Bk .1324 Worthlngton N Y C A S L 16 P A M pf B 68 Norfolk & So 2ti W Md 2d pf. 29 1004 llli'i f-.'l , , 70 I 114, '60 , 44 1 20 I RAILROAD EARNINGS KANSAS CITY SOUTHERN Apcll srrona Net Four montha uroia .Net mis 1.3fl'.,n 411.478 r.,174,51 1 S34.108 Increase J30H.R7.1 81.272 073.17.1 H4.SB1 SOUTHKItN RAIIaWAV SYSTEM Llnea Eaal and Weet Seiond week .May. 12. 499,360 (390 004 From January 1 . 42.827.030 8,666,739 - MOBII.K AND OHIO Second week May ... . 12.14.88.1 '811,404 From January 1 . 4,702,496 "..SOS OEOnOIA SOUTHERN AND FLORIDA Second week May ... . I61..118 112.737 From January 1 1,100,932 103,318 Decreaae. BAR SILVER Laat Taonilon N. York Today Tea. Tuea. Hlsh laow (nee ) 48' 4S 4S 404 (eta). 994 994 99tt SsC 85 si ;jaw. & k,. DIVIDENDS DECLARED Baton Rouaa F.lectrlc Company, resutar aemtannual of if 3 per ahare on preferred and aemtannual of 4 a ahare on common, both payable June 1 to atock ot record May 18. Stanton Oil Company, uaual monthly of 3 per rent, payable, June 29 to atock of record June 1. Central Leather, regular quarterly of 18 per rent on preferred, payabl July 1 to atock of record June 10.., American Telephone and Telegraph, res utar Quarterly1 of a payalla July 15 r,f iw" wx ' ... -': AIONEY-LENDINC; RATF,S Mi lORK Call money opened at 4 4 per cent for lending and renewing rillIallKI,lIIIA Call. 6 per cent, time, 5 fi 6 per cent Commercial paper, three to four months, 5iQ6 per cent, six months, 6 per cent Reserve Banks' Dierount Rates Ofhcial discount rates at the twelve Fnh raj Reserve banks were as follows t The first column gives the lates for all periods up to and Including the fifteen-day maturity, the second for a period of sixteen to ninety days The third and fourth column give the rates for rediscounts of collateral loans se cured by Government bonds or notes) Com'l paper Oovt. paper 16 to 90 IB to 90 1 A daiS davs 1.1 das davs 4 M I N I N C, Alaska Standard Atlanta Big Ledge Butte New York Con Aiizona . . , Cal A Jerome Fir-t National Uoldtiold Mergei (loldtleld Consol ('oldfleld Florence (ioldlleld blew anas (Ireen Monster Hccla Mining . Howe Sound lndependeiiLe , Lad J( rome Veide . Jim nutler Jumho Extension Melxinley Darrngh Magma Copper . . . Mother Lode Mines Co nf Anierli Nevada Hills . . . Nevada Wondei Nipisslng . Ohio Copper . . . Ray Ileicules . . . San Toj Stewart . . . Tonopah 1 xtuislon Vnlted Verde . West End Con White Oaks Whits Caps "lcrington 112 .. 7V, A .. 0V-, 4 .. 16 Vi SIOCKf . .1 7 4 t n I A 214 in 1 4 in, I 3 70 0 38 3? 48 1V4 .1 I li Vt to .1-3! 1 .19'. 88 7Vs V4 2 'a 131, .10 2Vi 114 Ii 17 7Vi Vi 9 ' 18 IV. '-la I V, 1.1 6 1. 4 4 4 14 4 78 10 t: .11! 49 1'4 10 1 8'i 12 IV4 12 : 7-3'J 1 42 92 .17 -V, 221J, 10.1 7Vi V, 7 ii tv, '.'. 2Vi 4!! 4 Hi !V4 nONDS TTi t iSj ?1 c i--t r.c; Cosden Oil 6s I Cosden & Co 6s . . I Cudahj 5s 1 Russian Oovt 64s I Russian Oovt 6 Us Southern Rwy 5 Sinclair oil bs 97 Vi 78 7K 94 3,1 S8V4 98 7(1 Todd Shipbuilding 6s 98 98 14 S3 83 97 .19 42 99 80 99 48Vj 8 4 it 1 11 7-32 1 ni ih-32 084 Ranks noston New York . Philadelphia , Cleveland . . Richmond , . . Atlanta Chlcaso . . . St Loula Minneapolis Kansaa City Dallaa . . . . San Franelaco 4 4 ' 4', I 4 4 4 4 4 4 4. 4 4I 4.' 4. 4 4'a 41. 4 4 4 4 4 4 13.1 4 4 3 4 4a. 4 4 5 4 4 4 4 4'i 4' 4'i 4'1 lt 4'i 4 44 44 44 FOREIGN EXCHANGE Trw York, May 21. Tile foreign ex change martiet In the early dealings to day was dull and In the main steady, shading from the best figures recently established. Dutch exchanged receded to BO for cables and 49 4 for checks, and Swiss, after rising to 3.80 for cables, reacted to 3.83, Italian exchange showed further declines. There was very little of incident otherwise. I General quotations were: Demand sterling 4,764, cables 4.76A. Sixty-day bills, nominally, 4.73; ninety day bills 4.71 Paris cables 5.89, checks 5.71U. Lire cables 9.06, checks 9.074. Swiss cables 3.83, checks 3.87. Guilder cables 60, checks 49 4. Pesetas cables 28Vi. checks 28. Stockholm cables J5, checks 34. Chrlstlanla cables 31.80, checks 31.50, Copenhagen cables 314, checks 31ti- BANK CLEARINGS Rank clearlnt-a today compared with cor reapondinx -day taat two yearar. 1918 1917 . . 1918 1 Floater, ..158.2X1.102 ti:..',98.83l iM.UKfl, .ralladc. 02.1W.847.48.Mi.340 4.9,0 DU PONT PURCHASES . Y. GRAND CENTRAL PALACE Place Will Be meriran Headquarters for F.vliibilinp Wares of Nations Friendlj to United States New lork, .Mav Jl. Alfred du Pont and his associates In commercial ventures here have purchased the Crand Central Pa'ace as another step in their endeavor to strengthen the trade rela tions hctwien this nation, our allies the republic- of Latin America and the Far East The flrand Central Palace will be the home of the corpoiations controlled by Mr du Pont and his partmis, as well as the American headquarter" ror firms of the above-mentioned nations It wiil seive also as a permanent exhibition building for the wares of countries hound to us in a trade brotherhood Vrder a recent act or Congress such goods ma be brought Into the country duty free for the purpose of exposition. HOUCK RAPS OPPONENT Cites Stand on Labor Taken by Wood ward, of McKcesport llarrlsburir. Mav 21 Paul W. Henri,' Secretary of Intertill .ffalrs, who Is 4 j candidate to succeed nnnseir. naving failed in his effort to put James Wood ward, of Ashland, on the ticket tn take votes from James F. Woodwaid, of McKecsport, who Is Houck's Republican opponent at the primaries issued a state ment that attacks the McKeesport Wood ward's labor stand. This charges that Woodward in 1915, as a member of the House, voted to re peal the full crew law Woodward also was a member of the House last year, when hevoted against the repealer, but the Houck statement does not refer to thlr ARMY TO HANDLE MAIL Controversy Over Handling of Letters to Soldiers Settled Washington, May 21 The long drawn out controversy between the iretarv Houitqn had certified more than nnBinmca nenartmenl snn thaa Wn cia ' -I . - . , - . - - ..i.V. oka. , anY.--7. J.r ii Ti . I 2uuu employes ot nis acp.-irinieni mr ac partment about delivery 'of mall to sol- f..rt itnAlrtcatlon. nnd a statement diers in trance pao oeen semen, it was etated today. Hereafter the military authorities will handle all mall destined for mem bers of the expeditionary forces In France from points of sailing. DEPARTMENT SLACKERS TO RECEIVE NO SALARY House Amends Agriculture Appropria tion Rill to Aid the Army Draft asliincton. May 21. The House has amendVd an Administration bill carrying S11.7J2.283 for use by the Department of Agriculture In stimu lating food production and conserva tion to forbid the use of any of the money appropriated In paying salaries of employes of the department who have been given deferi'ed classification In the army draft. Adoption of the amendment followed charges by Representative McLaugh lin, of Michigan, Republican, mat sec STOCK TRADING IS EXTREMELY DULL ON THE LOCAL EXCHANGE, WITH HOME SHARES NEGLECTED V Tendency Is lo Higher Levels, Midvale and Steel Com. inon Scoring Advances Market Closes Early to Honor President's Memory Trading was extremely dull during the early part of today's session of the Philadelphia Stork Kxchange. During tho first hour there wore no sales of home .shares, and only three arbitrage issues appeared" on the tape, not withstanding brisk demand in New York , And only trlfllns transactions In the local list came out before midday. The market was Inclined to a higher level, however, in lino with the ten dency shown by the blc; board. Mldvale advanced 4, Steel common was marked up , while Pennsylvania Railroad, Philadelphia. Klecrric und Union Traction were unchanged. Liberty Loan bonds wcro -irregular. The 3-4s, which sold off a trifle. estcnray, advanced, and the 4s nnd 44s were a llttlo lower. The fact that the governors decided to close the exchange nt 2 n'clook out of respect to the memory of Trod T. Chnndlcr. bite president of tho exchange, whose funeral takes place at tho Memorial Church of St. Paul, Ovcrhrook, at 3 o'clock this afternoon, naturally resulted In a retraction e Interest In stock dealing!. j committee and many brokers attended tho services. - Withdraw Government Deposits The Philadelphia rcderal Reserve Bank today witbdiew from deposi tories In this district Government deposits to the amount ol $12,314,550. The Reserve Rank has, also been notified that tho balance of the dtpoiiits arising from the sale of the aVpril 22 issue of Treasury certificates will be) withdrawn May 24 This will amount lo about $!2,90C..OOO, making a total of nearly J26.O00.O00 Government deposits to be withdrawn thl'i week. as an evidence of the strong financial condition of the district It Is inter esting to note that on total subscriptions of ?36t,tli53,.-i00 to the third Liberty Loan there has been paid to date $207,733,000, although only about SlS.OOfi.veX) or ,'. per cent was due. Rankers point to the fact that what beforehand appear nr serious finan cial problems all become adjusted properly In time. iVhi'e theie ii concern on the part of the banks us to tho payment of the huge taxes due next month, in the light of other demands that have been handled ta day will enmo and be met with no signs of financial alarm. The whole Vcderal Reserve system is to strong In jroid and reserve that it is able to back the banks lo weather financial strain incident to war financing. MOTORCAR PLANTS AID WAR OUTPUT COAL RETAILERS SEE CARS PRIME FACTOR Credit Managers of 325 Plants Delegates Say Ample Fuel De Open Conference in J pcncls on Rolling Atlantic City , Stock Atlantic Cll.v, Mav 21. That a situation without parallel con fronts the automobile trade of the coun try as a result of amorica's participation In the world war vvas the testimony of representatives of .125 large and small plants working under feverish pressure to meet riovernment demands, In the war conference of the Credit Managers of the Automobilo and Manufacturers' As sociation Charles W. Stlger. of Chicago, presi dent, urged passenger automobile manu; facturers whoe output has been greatly curtailed through Washington demands Tor "essentials," with every probability or further reduction, to give serious thought to tractor manufacture as a rea. sonably sure thing both during the dura tion of tlie war and after Edward James Cattell. city statlstl. clan of Philadelphia, sketibed a hopeful picture of the future, when witn victory attained America realizes upon its war won prestige In war trade There Is much perturbation among manufacturers over tho war hoard's order limiting crude rubber Imports to lon.nnn tons annually, a cut of virtually one. third, In order to release ships In tile Singapore rubber trade for war cargo-carrying in the Atlantic One purpose of the war meeting, he sides standardizing and limiting credits, will be to urge the adoption of a uniform method for tlie placing of orders by Oov ernmental agencies Many ordeis for small items, which could be purchased far more advantageously In large quanti ties, have added to tlie troubles of manu facturers and dealers and increased cost to the Government augustus Po"t will address the credit men today on the vital importance of military aeronautics William Jl Koelsch, president of the New Nether lands Bank, New York, and E. F Du Brul, Cincinnati, will speak upon trade acceptances; David Beecroft, New York, on the effect of war conditions on the automobile Industry, and Freas B Sny der, vice president of the First National Bank, Philadelphia, on "A Day With the Bank Credit Man." Orchestra Association Meets The Philadelphia Orchestra associa tion, whose membership consists of those contributing to the Endowment Pund, will hold its ann'jal meeting this afternoon, at f.vur o'clock, in the Bel lev ue-Stratford Hotel. Atlantic rit. May 21. A verv pronounced spirit nf optimism pervaded the first annual convention of' the National Retail Coil Merchants' as sociation here I'hlladtlplilnns a.'e, taking a leading part In the convention. "Give us transportation facilities s'ufn cltnt to move the coal and there will bo no trouble about a fuel .shortage next winter." said Samuel D Crowell, of Philadelphia, one of Doctor Garfield's aides. "We can get a lot of lessons from Germany upon the value of organiza tion," declared John E Lloyd, president of the Philadelphia Coal Exchange. "If this country had been organised as Ger man vis this war vvould"be over today. If tlie retail coal dealers had been or ganized wc would have been much better or last winter Today organization Is tlie watchword or Hit times Ectore the war business combinations were wrong. Today the Government wants combina tions " Representative coal reta.lers from twenty or more States as far west as Colorado cheered the rhlladelphlan's statement The first move to launch the national organization of retailers was made at a conference in Philadelphia last November. Tentative organization vvas effected at Chicago In January It Is being perfected In the first national meeting and the dealers see great re sults ahead for the country, consumers and themselves. "Play the game to help the -dniinls-tiatlon and the consumer," Mr. Lloyd said 'You mustn't epect to get every thing ou want, because ihcre are always two sides to every question I believe coal dealers and lonsumers are going to get real roults " Reports showed that the National As sociation, not et slv months old. rep resens 2o,000 icalUrs, who handld a very large propmtion of America's do mestic fuel output Last year It amounted to some ,71,000,000 tons of anthracite. The consumption of bitu minous coal reached the enormous total of 540,000,000 tons. ' U. S. Ships for Australian XTheat Melbourne, May 21. In response to a request from the t'nited States, tho Commonwealth has decided to charter American vessels to cany wheat to tho United States. Negro Champion Riveter Stabbed rUltlmore.May 21. "Charley" Knight, negro holder of the world's riveting record, who received $102 In wages and $175 fn bonuses for nine hours' work, has laid off for'a time, having- been stab, bed tinder the right arm last night. by John James Brendley, a Jealous hus band, ,vyli!le-'on a moonlight boat -.ex-owefao.''. ' ' , t. ferred classification, and a. statement by Representative Madden, of Illinois, Republican, that the section appro priatlng $6,100,000 to promnte conrer ration by county agents of the depart ment would enable more men of draft age to escape military service. Representative Rubey, of Missouri, Democrat, told the House Secretary Houston bad informed him he had given personal attention to applica tions from employes of h!s,depa,rtment for deferred classification and that no one had been glvon preference unde servedly. A final yoto on the bljl xvas not reached, ' 3 .''- A Privilege The War Chest gives everyone the opportunity to assist in a work of love and mercy for the soldiers of the Allied Armies. They are risking their lives to pr6 tect us and the least we can do is to con tribute generously to provide for them. It is a privilege not a dujty to contribute to this fund, and it is with great pleasure that wc announce that every one of our employees has sub scribed to the War Chest. Commercial Trust Company CITY HALL SQUARE 1 "js&m KK3 tanwr '-'iVs;--j-ivw')7wj-HataBw P6gW as'OF ., ife.-V.!fc3i-J.r'Vtij,f -.L-KKfflkM wm
Significant historical Pennsylvania newspapers