(fiC
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EVfeNIKG PUBLIC LT3BGBR PHILADELPHIA W&DESDAY, MAY 22, 1918
fflWS OF THE FINANCIAL WORLDNEW YORK AND PHILADELPHIA STOCK PRICES
Mill
- -KBur.iiii5nT"j'
-Ssrcily unHQ'
A
sl
f-lf
fcuthern Pacific Co.
Convertible; GpW Bond.
,' j Dua Jun. 1, 192S
'JtESE bonds are direct
oui.,.uon 01 tne Southern
HfiC Company and rm ..!.
(re9 by 7,M2,900 stock, on
Ikh dhddpndi hi., k... .:j
l.i... ;;s "" i""
jr--wmv, two.
Frke at market, to yield 6J
AW': recommend the above i.,n.
Rf. ylrctdttr trill be r.x ,,
' VC or Pfc- ui
peNationalGty
" company
l. ,$rrtPndnt Of.cis in u Ciliei
mshdelp.;. 1421 delimit Si.
! & Telepliooe M3 Locust
:cutiom
F ORDERS
MANY STOCKS ARE IN GOOD j
DEMAND AND SCORE GAINS !
IN NEW YORK SHARE MARKET,
New York Stock Sales New York Bond Sales ' Sales in Philadelphia j
IBank
T.KIlt
. . -Iosp Hllil
nr,,nrp niimelr . 1,V i ...
ylViinrnTtunrtrnr 33W .
Ain.rh.vmMrg :n r,$H
ins i naimMfcpf s.,',' ..
2:00
Low ? m
Am (an
ulcers Buy Readme and It Rises Above 90 Steel Ameanpf
1 iv?i tr t .4 'mCar.VFdr
Advances Again when Important Interests Aocu- ' cotton mi
mulate It- Specialties Active
3.V.
47". I
if
m
Quick action, prempt reports
(ad absolute accuracy are the
prime essentials of this feature
of our semce.
jft'svr-Qur location in New York, oer
iii looVinf tie Curb market and
.:'-:;. wires to the Exchanre Boor, per-
vfv1 sails instantaneous flashing of
ff. orders and markets.
-Within a stone's throw of all im-
:iliii norlant New York markets, we
-iptnVtr1 ore in constant touch with the
f?M Irend of erents which influence
j0aA IF.ta'y Mmrker te.ieu preterits tin-
I IvtmamA nv. unit i.ni.f.. rARffiflfini 4 r
$ -t.h yea on our mailing list?
ISoimibt&Deeky
, JHfraibV r Conn, "tnck Ex. of . V.
CWidener Bide., Philadelphia, Pa.
i aUll.-- Itell.Wnl.tOSni Ke Kale IU8U
lOiJfi . Offlce 30 llrond M.
USK.. . rrivaic Hires
New "uirli, M.i.v 22
The stock market recovered from Its liesltatlns tenilency with th"
hpffinnins; ofuslness thli mominz. and ilurlne the forenoon manv Hsues
were In active demand nt sulistnntlall higher prices. There ks hnnktriR
huylnc: on a large scale In Iteadlnp. maklnc that stock prominent during
the early trading, when It advanced moie than " points to above 9n
The room had a story that a decision In the (invernment snll ina
be rendered before the adjournment of the Supreme Court. Hnil the lie
lief prevailed In some speculative iiuarters that the decision would be ad
verse to the company and foice sesregation of Its coal propel tie. Ther'
was a levlval of the arsumulatlnn of fulled States Steel common b.v Ihe
most Important Interests here, earning that stock lip I li points to above
111. and other steel Industrials generally made gains of more than 1 point
Many specialties were active and -troug, with the greatest advance In
this group In American .Cotton rill, which rose 6 points m 4,J'4. Slos.s
Sheflleld continued In demand in anticipation of the payment of back
dividends, advancing 2 In "Ola.
The display of strength caused ni.uiv of ihove who had been veilers
in the last three davs to turn to the buying .side helping along the upvuiiri
movement generally.
Copper stocks were influenced by ronfldenl statements that the f'.ov
eminent pi ice of coppei would be fixed at tvventv-rlvc cents a pound and
that that announcement would be made on Krldav
SCATTERED SELLING ! SHARP BREAK COMES
Am International
i .v m Ice
I Am Hid-A l,
1 .mIlulA I. pf .
m l.lnw.l
Am Unwdrjf
Am Locomotive
ni Lnromotlir nf
ni.M;,'tnB
m M.VI ti Pf
I VniSme't . rt"f
AmSmo'iVriif A
rn Stimi'ri To'i
, xmsic-el rim'lrl-1
xm.siis,ir nf
mTeli IV
vm'lobacro pf iiow
, m WooVn .
m Zlnr I. & s
nacnnd.i rnpjii-r
Urn Top S S K
' Atlantic 0 .V; V I
; Il.iM.n l.ooo
1 nalt A Ohio
Harrottro .
Katopi'av Minnie
' ll'lh S Claw II
belli -is pr pf .
Hrooklvn R T
Millie top. 1 Zinc
Hut let Superior .
( al IVtro'eum
I ( .il I'etro'cMim pf
I ( and.an Pacific .
( al I'arkinn
( enl I.e.ith to
( erio de Paico C
rhe Ohio . .
( hi Ot Western .
70' I
Wi
IV ,'
7H'.
Wi
lf
07
:tv,
47i
. tin ...
7(1'. 70' i
t7'i .IS' s
. ,W, ...
Ill ...
II 7 II i
il "i 117'.
::s :is'4
70' i 77 1 1
r.Tij 07'4 o7''j
US
il'i
is n to
S'J', S.T SI
sn'i
I'..''s 12''t l-.
. 0! (17 Wi
in-j il'. : in
!I7 !)7'i l'7'i
"'' u,. :: '-,
.if! s ' ' ' '" '
.10
ns'i rr us-, fio'i
Ml'. SO'i Wt'i r''i
.III M2's UJ's H-"
!I7 H7". 07' i !17'
j'i's !Vi .Vi't ""' 4
01 tKl'i IHI'-i 'I'1'.'
I't .
S7 1 .J W, sh', "-S-,
HOT1, Pl.-i, HH'i l'"i'
I.I-. IT. 41', 41'-.
1 .ow
7
S3S
i"j
07
40
St
!' i
07
07 'a
Hlsh
32Snn AnK-Frenrh Ss !2 '
200n Am Ven Sec Ss H7
r.nnn Am Tel con 4s 8G'
3(inn Alchtnn cv Is SBI4
I noon Allan I. Ii 4s Sn,
.innn Halt & obio 4s !'-
innn tlaldvvln t.o 5 ino'4 inn inn4
2000 Beth S 1st OS 3B 8.T 83'a, :p
ITonn Hcrdo r, 8!iii
4000 Can tiov 8s Ml !1
r.oon rhes & o cv 5s si ',,
twin f It & Q It 4 n.t T-4
iiinnni'.M&si' rf t'ss 70
11000 do com lis 7n
snno rol So 4'2s 72
loon Inter Met t '- S2
1500(1 lilt Mer M C.s. S! ,
lono Kan '' T 1st 4s OS
inon Long ll 5s '37 73',
13300(1 I. Hi llnnil 31v !,(,
.13100(1 do Is lift
millll do Il to '11.0
8!l
nt,
81 Vj
t'J'4
"0
73',
'- Si
.ii
Sfi'n
85'n
83 ,
78 V.
sr" ,
ni 1
sis I
!3', '
70
70',
M't,
8
73 '.
8.0H 08 08
III XI III. 88
.1 (I.V
r.8
731,4
.imonn do t'
lTooo p.vo'is r.s n:i
29000 Marseilles r, Sfl i
5000 Mo fee gen 51- 58Tii
10000 X Y i' S H Is !(4'4
2000 St 1. ft S r
Ser A "!"
toon do Ser H . ri"4
moo Sou ttv gen Is t'.2T,
i;oon - S Hub 5 80
inon f s stl f h- nn
:ooo tK of i;u & 1
f.s 0! '-j
Ifinnn do new 1!U! T!",
:noo Viir 1 'hem Bs . OBVj
11)00 W Union 5s 851,
fil.lt 9J.o n.on
sn s:i'j
w, sni',
58 ?i, 58 'i,
;m', tie.
HlBh l.nw
.1 A Ry pf J3 13
ton Am Can 48',j I8V4
in Atchison 8fli', Wt
12(1 ttrlll J C, 211 3
is Blee Stor 3n An
3nOen Asph USi 14V,
30 Kcnne C. 3114 .11 !
3.1 Key T Co x x
13110 l.k Sup r 11 II
31 I.eh Nav . 07 H7
80 Mldvale . ftli, .Il'i,
too Mo I'm- 31 34
10ft I'cnn It II I1"i 4lli
in Pa SpIi M hx xx
I t'h I'.lec S.io, 3.V)4
.1 lh Tract 1X (IX
3.13 Heading . noih x
200 Ton Hel 3Vi 3'i
12 l" (i I nxvi nxvi
in Jo U S Steel, noli IDSi lOOM,
"i'j div:denu.
llONlis
llllh Low
XI000 H.ild l.oc
1st 5 10 1 tot
inn Lib Honds
h'ij nx.DO nx.nn nx.no
Net
2 P M rhce
13 3
I XV, -- "4
XB 4- H
.in J- 14
1 1 In . .
3l!i ' '
X
I I't, f V,
17 I
ni, -i- li
34
il'i '
xx
SHARE TRADING CONTINUES
SMALL ON LOCAL EXCHANGE,
WITHOUT SPECIAL INTEREST
Reading Scores a Gain of 2 Points on Important Buy
ing Philadelphia and Western Net Decreases
for April and Twelve Months
2.11i
OX
xn
3'i
BXli
IN,
2PM
101
Vol
.-IKe
i hour,
, act I
741,
2
sill,
03 4
;ini
or, i,
85'i,
in',
71
:ci
so '..
'n'i
!IRU
S5'4
Local share trading was slow In Ktnrtinc again todav. and the financial
Jj( p district found little of Interest In the early transactions. Only a few sales
appeared on the tape, and business consisted of small odd lots, with the single
U , exception of that transacted In United States Steel common. Thai issue, fol
lowing me trend in New nrk. scored a gain of '. by the end of the first
ir. after being below veterdays final quotation and Its market was more
ive than at the start 'of the last previous session.
Heading attracted some nttentlon by advancing 2 points, and. outside of
Steel, was the most active, stock dealt in here. This strength was in line
i Si!! nil wl i S'J , Si ?S SI'SS '?S ' "''"' r'uolati" "" the big board and reports from .New York indicated that
..!.n li!, VS5:3S Stio S-iiR -1 , "" Mm interests were accumulating these shares.
, ! I'liiladelphla Klectrlc ex dividend was marked up '4. and Tennsv Ivanla
riULAimnnV INACTIVE STOCKS Salt and United fia.s Improvement were unchanged.
."'mcXs. ulW TVktuTwi ,?,. ?m! U' ' clo.lnB price, American RMIway pre-
Stock Kxchange and In which there '"'"' ' - poinis and -iiis.souri rnclflc was dealt in sparingly without any
111','
24'4
. lt
. .VI
.117'.
I.I
. OS'i
. :',
. .VI
W'4
S.I' i
IS',
S.I i
70'
.T.P
.V.I
Hi'4
IS
M'j
r.o
:.H
.V)
Ifl',
2V,
t'4
(fll,
O.i'4
O'J
INXCTIVF- NEW YORK STOCKS
Kollowlng ate ouotntlons for Innctlvr
New VoiU stocks and In "which there
wrr no trans.irtlons today The price
given N the last previous sale:
1.it Hilhherf CO'i, X Or T & M 22-'4
Alaska CM M 1", X Y All- Hk I32'.,
Aln.ka .lun I': XI C H M
iciive hocks listed in tne rnuaueipnia ..,, ,.. 0 ,,.. , ... , ,. , .- .
wen- no transactions today The price change In Its quotation.
given is uie last previous close:
A (i War 1 V t.eh A allev
Alliance Ins . in J.eh Yal Tr
Anier was
Am Hwy pref . 75
r.o i,
20
Lit Brother. . 2n Vi
h Val Tr pf 2(i',j
Amer Mill
Anier Stores
Allier Sirs Jlf
Rnll .1 tl pf
Huff ti S of
I1UII A: SUS ItC'j PUT..
4 Oil Penn Ttafllc.
127 Hvh Co Cen
to'i Little Schuyl
2H Mlnehlll ..
02 .'ortli Henna.
70 I'hlla Co
48 Hh Cn cum nf
Ami ntSU pr no -nnuiiKon zyu ,., ,IOII
Ami i:press 78'i .Nor s- west. 7n Cainb Steel
Am tec Sec pf 50'i xorr & west ion cntaws 1st pf 52
Am Smelt It. H J 1 1 tin . W 2 Cutaws 2d pf 54
Am Smelt nf 10R North Aniei- . 44 , Tl.;ir. N ,, r,n
Am T fi l a . nn . .;.-u. i (;Pn s,,li pt 48
l-n C of N .1109'i
U S Steel pf. .110
Warwick Hun X'
West Coal . . IS
! Nothing ot Interest developed in the Liberty Loan bond market.
The report of earnings nf the Philadelphia and Western Hallway Cnm-
pany for April and twelve months came out today, showing a continuance
I of the same condition that has existed for some tune. While there was a
flight Increase in the gross, the net was $1S.84. a decrease of J41K. as com-
nnreif u-llh Aiill e I..., . -.. .i ., l, ... . ..... . ...
3tA i ' .,',.. ... I...-,, jcai. nif urep oeing nue 10 increased operating ex-
yl j penses. Taxes, interest, rentals, etc., rut Into the balance, that Item for last
month being $4762. a decrease of J5(82.
For twelve months the gross was I.VI.OSr, above that or the corresponding
period of the previous year, but the net was 269. 02G, u decrease ot $3T7S. and
tne balance decreased $15,833 to $106,290.
531.
N
i i imn AirviT n i ninn n fl.fnrvTiiT m intrrm r hi r.'t uct rf o-i:
" " :iHrr':0 -' "' a W".pnr ?J' J u"." ;ilK;nTf,iina4 Yorknwyl,f-" Ranking Conditions Sound. Says Financier
ri Fnrlltpr Tr-ulino- in M-1V Wcik Cables nm. HfirUll Cin. ' " I HOp.-pf ' !vi. '.'.'. '.'.' '." 'oast'L "''' i'-Sn An iVpf 'nS- ',- "I , 'ocal n,l;,noial rirc!" WPrp Interested today in a circular letter received
O I tirllier 1 ratlllip; 111 1I.1). CJH l,alC& nilU UC.iriMI Irlll- , u.topn . . ,r,, ,7,, l7,, 17i, ;V'.; V W l M'i Ueorl,, & K.,st R , v y .. nurU Miff trom tlates W. McGarrah. president of the Mechanics and Metals'
ScttlcillClll Price Fixed tiers" Report Are Followed ', "T,",, l -.-, "I-, '.V, v n,"" "f ",. 'Z Mar?, r W" ' M National Hank, of .sw York, in which the banking situation following the
, C1 0Q i , it c 11" (oHimblaOali: . Xi '.TI'V :W i .Tl' . Hald Loco ifH' " S!"1-' r" ;7 IMVMTItl.l. successful close of the third Libertv Loan campaign Is compared with con-
n SL28 , , HcaV bcllinp folnTmlftef lU,' ill Ci -J . & n pfd 55 4 JJ'i lM t.p ' dltlons existing following the end of the ,wo previous war loan flotations.
rorn Prort ?W pf Wt . . . "?.! ' f.c ,.- il.': PittRAXVt nf itftu rtn.i r:n.nlp lii i l4A.In line with the Npw Ynrk linntuMfr's ti,ort.nn mnnv thii-wiit,Hii intfro
.''3 !( a tvr
ODD LOTS
Hill!
PARTIAL
PAYMENTS
BooIelet .Mailed on Request
tW HUGHES & DIER
fH,,mh.ril (PhlU Stock I&.chanv4
.jueinqep chltro no.i-d of Trad
iijj nainiii Mrcut
grain m;ir ukatiikk fori-xat
hImeo. Ma. 22. Hllnol Of nrralW
fnlr in north, prnhnhb tsliOMfi' hi outn
tmilelit and Thnrilfir
MIMuri 1'nf.ettlH tonieht ntul Thitr-
UrnnxInFlllr nnd rontlmid rool to
nlctiti Thnrwlii fair.
Iwonwiii I'nlr and rr.olcr tunlclit;
Tlnirdj fnlr.
Inn n I'nlr tnlch(': Thiirilaj probnbl
1 Nl,rth nnd South ll.ikntti Fnlr tonight
uttil Thnr-da, .
N-lini(n I'ulr tonieht nnd iiro'Mhl
ritriliii ; urinr ThuriLir.
Kn ii.! Thunder Hliower lhl nf)ir
nonii or tonight: Thnrsim Mrtl loudi .
tnntiuiit Hiid mnlnie I'nlr and
unrnifr (nnteht nml riitirdn..
'hltrtpo. Mm 22
Sfattfi-pd plline b rommlsMon lioiiFe
mad5 tlm norn market easy this nmrn
inK nut-in.? aj lipht Serrtar
MnufT announced that no further tradlnp
would dp p'ttnittcd in May b.v Rrade in
storp T!ie settlement price was fixed
by the iTjnimittee at $1 28
The wiather in the Northwett ron
tinued cold, hut ocr the corn belt fa
orah!e temperature" preailed and
stnrKs on farm wen aitl to be l.irce
The receipts hci today were ttft-two j day
fOTTON nKl.T U KATIIKK nNIUTWN
rw nrU. Mil 22 The follow init lem
pfrntnrr ere rprordctl In the i-ntlon belt
till niornln:
KnnMillr. Ct't MirridHirt. Vlrkihiire.
t hiittiinoticii ii nil t1untii. fiR, smi An
tonio. N'Im II V. New iirleans, Mrlfllun,
Mnrnn, Mo"(KnmiT.v nnd Thnm,it Itlr. IOi
l.lttle Knrli, TViiurnlii. ttcusti. .i
mnn.th i'M-1 Ullmln?ton, Tl (iilietnn
Tort ml!li. Memphln. f'luiflftoii ttnd
lnfkon'l'e. 7li ( orpn. ChrUtt and
Tnnnn. (i.
There h .20 Inch nf prulptUltlnn n
New Orlfiui".
New nrk, May '22
A iolent hre.ik occurred at the cotton
"'peninp. pnc raninff from fifteen t'
1 fifty-nine point q under lat nifjhfs clop
j Tlif cellinp:. which wa? hear v and u 1 1
Jseneral followed weak cables and a
'er brarlsli N'ationa" Olnner1 report.
' the latter makiriff condition 2 1. nqninM
r ft'. ." la-t car, with an lncreao .f 2
per cnf in aeraRe
Added to thi wa a fanrai)!- weather
map and expei'tatlon? for a hearih ' M.dvaV Meel
seekl Ciu rrnnient weather tenon to- ! Nfo Pactfif
( rucibV Steel
Tuba Cane Sujrar
f ub.i Cane S pf
Del A Hud on
Dlst il'crsSn'
Kne .
Krlo 11 pf
dnston m V
Grn folo.
f.'en Motor- pf
ft Northern pf
(ft Nor i for o p
f.reeno (in.ine,, ('
Inter cr cul pf
Ittvpnation ( op .
Inter Mer .Mar
Titter Mer Mar pf
Inter Nicko:
Inter Paper .
Kan C .tv South
Kel'r Sprinc i'ire
Kerreco t i upper.
Lark Steel
Lee nuMirrA I
Max Motor It pf ,
MexiRiin Petro' . . .
Miami Copper .
W4
-'IPS
.so';
1 10
li!1;
Rrow-n Shoe fiR L,M' s'' ' r I"
Burns Urns ISO ''"J; J,('1c"r- ,JJ ,
cent Ueath pf 1U ''"'1 ' '. ' "ar IIS i
Chi & Alton 7 r-a"K l2 W ?!
Chi & Northw nni.. o:id.nP ?l Pf ??.
mer-Brltish Mfe
Am .Marconi
Amer Writing Paper
Air Reduction
C.mndlan Car Co
r.'i r.i 1 ('.
ir i-,v il,-. .' (' S nref. SO'i I'P.l&spr. 37Ti Cin Car Kdy prer.
4 ir."4 I'l'i l"-l :.....' ,.1,'..1'.-. , " Itv Stl Knir nf 'IT.l. -I,r,.i,nl Iron . .
:i2'4 .T-", .' !-". ,' i l"t nf 47-i Sagc Arms. 8h ciievrolet Motois 1
.11', .(!', .".P. IP. . ' j ". ', Saxon Motor 7 r'rainp .
123' I'J-I l'-M'i 12-I ' r, 't-Tii ltei- "7 " cab Ttlr l.lne R I'urtiss Aeroplane .
M hi M SI , ,-" ,.. ,.,,, A, Tri. S, ars rtnhucK tin Carvven Tool .. .
-II Cn j" r. M S-nra ltbk pf 11R -arlmn Steel 1
11'.' '! 'il'., .1" nrof 711.'. Iillal1 Art . 1 7 "-i , TImerson I'honograpli
',.!,? '- ' rwnl Cms' SRi; ."''nil' R It pf S2 ' Hendee Mfg
'.'.'. i-mn c-iu ' 71 s,a'"' Sl111 !' i Inter-Lube .
'"' :. '. ,..!: ...i .r i',,4 Si 1. & s K nf 29 Lake Torpedo float
ol'l
11(1 ,
l".i';
la'i'-j I'l3.: ini
2l 2-0, '2S1
Ill's
IS
"l
I IK."
rieere & Co nf 95
Pen S II dr 5
li & 15 'I pf
net ItflMin. 12S
riome Mhis. 7
r.lec Sir 13at r.S '
St r. ft s v 28 a;
,t I. SIV pf 2S'i
SI Mill pf SI'S
Studebaker pf 9n
S'lp Steel . 431.
up stl it pf nr,
i '.iec .sir uat hx' ;, ,., ri 'a ,Vn
IB F.rle 2d Pf 24 t piV S 7
:M' :ir. :ii', W, Jf M i'f- '4 T" r rcip- l.
S7'i SS SS SS n Chen, l5 Tn A?.,S.'n 1T
1' W .t" 5$ ? Tobprodpf . 94
Harriett Qil&Gas
iccnT soi.n ouoruu
!.S??;Pitil. Stock Exchange Bldj:.
klKT;Vi. William St . N. Y. Cltr
g COST MAN
I'lThoronshlr experienced In uu-tn.ftn(M
l'mthoda of cont arrtiurtlntr In ttmn.i-
fifaefarlar linen dehlren position:
twjmld call at your rnnrenlente for
;p, Interrlewr. H IT, Ledrer Offirr.
Wall stteet waa a heav huxrr on the
decline and Riaditally steadied the list
so that at the end of Hie firt t w ent.
minuter. tb market wa ahout twent
fie points uji fiom lowest leels at the
peninE
The mrl break to 23 S3c for .tub
and 2It l')c for October or ahmit ixt
or seent -two points under last
niffht " cIopipk flffures and in tlie tasf
I nf Jul 'el line ten cent- jier pound
below Uin hlRh tecord of earlv I.T-t
I month, attraciid a great deal of coer
, Inp. Pnci'js tallied quite harp! in con
i vf-iuoii' ', but th' fcclHig around the rinc
Utferings in .rgentina letnaln was i-r lu-ir.h and the hulsres wen
8PKCIAI, NOTin;
vNOTICK TO MAKlNKIts
T1aH.H k ...,,-, . . . 1..1
'(( f riiM.iim .- '-aiMuuenin.'ni Ol rortuul "!
ulfttlons. notien 1. hereltv clmn ih.i i.u. I.r.1
otnsr on Jlny 25. 19IH. the Penrtw Ten , ',ul
wiin. rrcBiiK ine rtrnu) IK111 Kler in rl''
.,, D, 4'niinueipnin win 11 Kepi elonerl
.M rivrtr irainr exr-epi loaoed ocenn-sgln
Ber. tld City Are or pollee linit, I,.
i, me nours or uuso una ,:!. n. in. ami
svnd Q:13 p. m.. clallr pvcenl iiiul.iik.
:witr measure to permit nnhumpeferl
.m. ,"i mimriiioii nun ,joernmnt
"at 1I0 IPlHnrl Pa
TUN II. BAKER. Seorelarv of War
car?
.lulv- started at ? 1. 12 '; 'n 1 42 '
aaglnst II 12 '-j ai ihe end .vesieiday.
and, aftnr selling at $1.41 ?. rallied to
Jl 12'.
After Malting strong. May oatp broke
Fhar(h .lulv was easier under shIHiu:
bv tv,o ptoniinent coninilsslon bouses
Tradn was mixed and nervou, vvitb
toininlpslon lirnii on both sides The re-teipt-
here todav' w re 77 cars
Ma opened '.c hlgliPt. at T9c
droiijieil to 7 7 ', and rallied to "He
.lulv started at S7.c to K7V'. ag.ilnsi
H 7 fl4 r- at the close yeslerda.v. and sold at
r,7'4'-
liberal
Thp tpceipta of wheat here todav
whip two cars.
L.-iHtinK future. ranfied follows.
Corn inew .lellverv i
Op. li Huh Lev, 1! J(l Vol Ito
Ms 1 27'-.
Jul, 1 12"? I 42', 1 im 1 12'. 1 42'-j
(HI-
M,, n 7- -,: 77S 7'.
.,'s t,,-4 l,t , li, -sj ,n
' Mil Pacific pf
' N at C on &-1 ab'i
Nat Knam i "
Vcv Con Cop
N"e ork Air brake 1.171, ).!)
.1.,'4
!I7'.
','
.-.IN
24
.-,4' 3
Hi'4
XV i
Jil'i'
0s.,
il'i
'21
.-.I'j
ir,'4
.5.1' ,
il
t pw ork Cent
N Y N II .1 II .
! Northern Pacfic .
OhloC lies (J li . .
' Pacif.e Mai'
Pennsvlvann It It
Plll X Weil V.i .
Pills t rial
Preyed Steel f ar
Kv Steel Sprins
Raj ( on Cop
Iteadinc
, Hep Iron A-Steel
Moral Dutch tr r
I St I. san Iran
s'o sheft S i. I
Slnr'alr Oi' Itef
-oiilhern Pacific
' southern Ity
uperlor Steel
lul 21 7(i 2t so 2) n.i 21 so
Sepl 24 'Hi 2." 10 24 1.1 2.'i 07
rtlb-
.Tub 22 72 22 S7 22 72 22 s7
Se,M 2.1 25 21 4(1 23 25 "SS 4
l-.irli
.MJ mi 12 4-V 42 2" 42 4:.
Illil
J I '17
23 32
12 a2
ts&SS'
niviriKMisi
J.THB ASIKRH'AX (l.VS COMPANY
'k 10 .Market .street
iiSti Camiten, N J lav jj mm
inaricriy aiviaena or l Vz per rent, or
vrr i.narv. nan Depn ueciarpil on the
llatock of thla Company ,iaahlp Inn.
'$i to stockholders of rerord at 3 n'rtoek
ly -s. ihis rn.fk! will hp mailed
44Jl, TOAVNSIJND. 3d Tren.urer
swjsjrj.
9-M
3
nn
nut fully tnaliilalneil w ilti the market
still evttcnie.v nervous and unsettled,
although some what Ics nctive duilng
the middlo of t lie morning
The weeklv ippurt of the weather
hut can i pad as about had been expected.
At the sale bv auction of 5591 baies smdehaker Co
of enemy owned cotton at the Cotton Tenn Cop & Cheni
Hxchange thl morning, conducted by lexasCo
.1 A flower, vice president of the lobaero I'lndui'ts
I.lbertv National B.inU. the first inn inion I'ae'fie
bales were old nt 28c to Si rrcll.4 A-' Cnlled Clear s
Co. ihe second lot of inn hales ai'Sf IPtK
nwardpil to .1 lingers & Co at 28c and r S Ind AVohol
tin, third lot of Inn bales brought 2S'4c ('SRunlier
P.eceints at the ports for the day a re , U S Steel
estimated at soon bales, against C 1 54 f S Steel pf
bales a week ago. 51S7 hales a vcar ago
and 11 599 bales two years ago
Yetterdov 11 .in 12 1 1o
i loip itppn n in in p m
2.i. on -l I"
24 SS 24 1.1 24 1 I 21 11 23 ll"
21 00 2.1.50 2 5(1 2a 3S 2M 2.1
2 'in 2S 2S 2.1 22 2.1 2.'i 23 1 1
23 S7 23 1 I
2d 10
7:-,
-Ill's
S7
:n
:u
IP,
. 5:1
fil'4
. ,','
. 2.5' ;
Rsi,
ss; ,
:t
Sl',
:j'j4
'tfj
2!1
.Vlij
r.i'j
L(i'
iirp,
s'J'4
'Is,-
20 i
.-,!';
L'4
i'j
ir,'4-
.VI' i
'21
i:iT'j
7-".'4
t'l'j
Sli
liei. Cigar pf 93'.
ITen Klectrlc 149
r,en Mtrs pr 8n'4
Coodrlch B V 4 4
Sir Stales Stl fid
llnrtman t'p . 85
Hav i:pc . mi
Homestake M.
I.eblgb Coal Sales
Lima Lot o
.Maxim Munifion;
Marlln Arms
N Y Shiphuildlng
Not Amer I'ap Pulp.
Otis Llevator
Peerless Motor
Pnoln Kng
Si-rlpps-Hontb . . .
Standatd Motors
Int Agiicuit if;t (-, f... a. f ,n
Int ions ( or ', i-n r)r ,B, ... .,,,
14'3 14',
2s'i 2S',
.VI' j .V.I',
lil'i lll'j
M'i .
211 2d1 s
Ml Sflt-
ss-, Sll
'is' ;
an",
:,,',
-'I
St'-..
Id' I
.VI' ,
21
l.i ' I il rent
I'M l lown Cent . . 28
II .lewel Tea . 38 'j
S(i4 Keoli 4 9SI Hj
.'i'J'i t Kan c So pf 53
l.iirieoe .trts. mi
Lehigh Vallev M
Lig (c M Toh 1C7
I.lg & M T pf inn
Lorillard ...185
Louis & N. 117
Mnckay Co . 75
Manhat i:iev 95
mi , orn pi i i- d n
i;1 t'n Pac nf. . . 7m.,
'x ........ .; . . -.. . -r
i niien f run 14 ',B
Trail VV'ms . 40U Sl,pl Allovs-
Twin City ft 12V. Submarine
Cnder T.vpp loni st Joseph Lead .
Inlteil Al St 43 Todd Shipbuilding
Until P.v Inv inu Triangle I-'ilm
t'nlon B & Pa 79U I lilted Profit Sharing
C S Steamship
I nlted Motors
I nlted Sugar . .
World s Film . V
I5'4 Wright-Martin Air . . I"'..
Xlnc concent ... i
1 nil Type pf
i n n - rn
.1
n-! ,1Vr
2 2 V
-n 15
28 35
75 80
K 8 'i
24 IM
75 80
31 .'I-,
K tl
no 113
:' 3 i4
10 30
I .1
5' 4 ", 'Ai "'Sj
8(1 85
111 5(1 111
' A A
83 tin
tn 13
"X"t 3 !"4
15 511
11 m
5(1 ll
13 1
I3'4 13'i 13
I '
ir, ini2 tfll,
151, ii . .
!) nn
S, '-j
B5, fit,. fl-'i
24 24 4 2,1
30 ,15
l(ia
STAMIAKII Oil. STOCKS
Illinois .185 inn
Ohio . . . 328 3.15
Prairie Pipe 210 !;
Stand Oil California .215 22(1
Stand Oil New Jers 515 550
Stand Oil New- Yoik. 37.1 280
7fl , lis
JS',- ;s
si-;
2l'i
S5',
21'.
rr'4
2S' ,
So
4,'P
IS'
lS'i
Slat
Jul,
October
In, MttOier
lanuarv
iRECTOIvY OF ArcntlXTANTS
Certlflod I'ubllc AccountunU
IslWRENCE E. imovv.v nt
13 RICAL. J2STATK THltST lirnn
fiTlflATR A AnilTKI niRTVI-'RulllTl
:F03ATION DtSPUTEO ACCOUNTS
NEW YORK ('OITEE MARKET
New Inrk. Ma.v 22 -Theie w;is active
trading In coffee futures at the Mart this
morning and first prices were 17 point'
lower on July and 2 to 5 points lower on
ott'er months
The market was Irregular and, nftei
.. ....lin niianlnp IPnrllni' Iiapii m u tnnln
oulet with operators seeming disposed I '-po1
to rven up their contracts.
The sbaip break In Jul was the result I . .
of liquidation nf a small amount on the' t.ollon liuer and Sellers
call by longs, who were not aware of. ,, , rk, Mav 22 July C,umncn
the fact that brokers had bu ing orders waters. Mitchell Sieinbacher. Uartlett
foi the later positions When these niorilaii and Watkins bid . Schlev
orebrs appeared on the call a firmer tour ' Brooks. Hartcorn, Burnett, UumoenV.
developed and later In the morning huv- I sella r and Munds offered
era vvf re willing to pay 8 10c for Julv . an o.ioher Mimds Oiffonl irilkon d-
advance of 5 points ran. Young. Wlerk. Itiordan and Martin
iira.iv - imniM) ,m . i- (Hi-tniiu. Waters. Urooks anil
t;tali Copper
'a 1 ron Coal A. C
S abash pf V
et t'nlon Tel
West r.c K i M
W'1'j.iUvcr.and
SO
12",
. r7',
2S
. S.5
21','
IS'f
. 27,'
17'j
1.51
i0'i
.12.1'J
112' j
. lo'.'
l.'s' 1"4-; l.'il'i 1.11'(
.'jS ,"iS', o7'4' .iS
lOS', HU'i 10S.',- 110
llll'ii
S.V, K, .','
4.i4
17','
1.1I. 154'4 1 I'.'
Ill", (Ml',' 111
124'j 12.')', 121'
!! !12', ',12'
I'SflPnf 4 1
t" S Ind Al pf 97
IS fttjh istpf 104
t S Itlty Imp 1JU
C S filty Imp
t pf 5f)
I' S Sm Bef 42 'i
V S Sm & It
pref . 4 3 V.
Itah Sec Cor 134 Harnett oil 4- (ias
l- s: r it, .e mi i -A.it.n x. I-,,
.. ...... t-... Kl' .' -. ... I'. ..'' - v.-.... .
:. ,s ' . ,,;;,) x Car 'hem u:4 Klk Basin
May Ilept pf.io-jn Vulcan Oct.. 74 Federal till
Maxvv-ell Mir ,', Wabash ... 9 Inter Petrol . . .
Max Mtr2dpf 21 Wabash pr B 24 'J Merrltt Oil . .
Mex Pet pf .119 War It It nf . 5'! Midwest ltef . .
Mich lent . 119 iu Fargo 71 's Mtl Petrol . ...
Mln & St L n 11 west Maryld 1 1 L Ohio Fuel
Vtnnl Pi (.84. ... AU. Mn,,D ... r ,m.i..i ... r.ne
- . i .."... --- " ..-i in. n-i- ii ,it . ii litnuin.L i.i-t . .
21', Mo K Tex 54 .! K- I F. 'I Rice Oil
I Mo K & T pf. 9 Wh'l A- LKpf 23 Sapulpa Itef . .
4IH, Mor & F.sex 39 White Motor. 39V, Seiiuinab
.vi cut- ,v rt.T.,i .i;i ,viuy5-u pr . 8UH L nlted west on
.sm .Nellie . . .i, ,v iisoo , o . . i i .
Nat Blct . 95 IVoolw-orth . 115
Nat Ills pf 110'i Wnr 1&M lfH ,
Nat 'lk & St 59 Worth P & M 49 ',1
Nat C & S pr 110U Worthington
Nat R H of P & M pf B BR
Mex 2d pf . fi'i W Md 2d pf . 29
Nat E & S nf 3D'-;.
believe the situation quite satisfactorv .
.Mr. McGarrah's viewpoint Is given us follows:
"Banking conditions are sound and. speaking generally . the situation at
tlie moment is more satisfactory than in the period Immediately succeeding
either the first or the .second Liberty Loan. The third loan having gained
a remarkably wide distribution, tlio banks have bad their financial strength
conserved, and thus found it possible to use n portion at least of their ie
sources for genet al purposes while still doing their full sliaie in supporting
the (iovornment in financing tlie war.
"Nevertheless, continued firmness for an indefinite period Is In prospect
for the mone.v market. In nil Industrial communities, particularly where
manufacturing enterprises of the group recognized as 'essential' to the war
" are running nt full rapacity, the need for funds is at a maximum, while in
the agricultural regions high prices- for material and labor have compelled
farmers to borrow very freely to enable them to carry on their .spring work
"All this lias. of course, found its reflection In the New York money mar
ket. .Moreover, while it is true that In numerous cases the Liberty Ioan sub
scriptions were less of a burden on the banks than antic.patcd, it Is also true
that tlie enormous volume of the subscriptions led banks throughout the coun
try to extend accommodations to clients in large amounts, thereafter trans
ferring some of the burden to their eastern correspondents or to the Federal
Keserve Hanks-. ,
"The situation withal is as satisfactory as could possibly be expected In
tlie face of the very abnormal conditions prevailing, nnd bankers throughout
tlie country are entitled to great credit for the care and good Judgment which
they have exercised in .the conduct nf the financial institutions generally. It
might not be amiss to suggest, however, that the longer the war continues, the
more constant must be the care and attention given to all financial requiie
ments, and tlie public quite as well as the bankers should appreciate this fact."
mv,
imii;i'kmii;m' on
Is
"',
. ',.
'-h
13
23
111
21!)
STOTKS
vs.
flu.
2 TH
1 3 '.i
2 3 ',.
MS
MAY TIE UP YACHTS
bi4
TO SAVE GASOLINE I-..
i as private .vachts a'c now- in the Gov-
eminent service.
'I he view- Is still held by officials here
bete must be some increase in pro-
I duction In order to prevent a serious
I shortage this winter.
1 1 1 Vz Fuel Officials Make SlirVCV of! The lolal production of bituminous
17
.si-.
70' i
il'i
!()',
. IS",
Ill's'
MINIM.
Alaska Standard
Big Ledge
But to New lotk .
C,t K Jerome
Con Arii .
Knima Consolidated
First National
(loldlleld Merger .
rioldfleld Florence
. 91,
I,
V,
STOCKS
9
', !
n-1! I
Craft Devoted
Private Use
to
IS
iJ'l
12
12
'VKATHER FAVORS CROPS
I IN NEARLY LI. SECTIONS . ;d".
Independence Lead
I "4
I'd
103
15
'.
jjrj ! Financial Briefs
A.Satement of the Imperial Dank of
irmany. as if May 15; gives Its total
Mings, of gold as 2.345.393.000 marks.
Aubuhi
S, pleinbr
October .
Sum nilier
riei-pinlier
Januar .
K, hruary
March
April
nppnlna
20'tfs 30
' 41 tl s 4s
.-In.,
8 2tUl 8 3U
New man offered
Pfeeinbei Keilfer. Montgomerv
Vl 44 " Titmperatures Average fair lo Mod- Jeiome Verde
..... ..... .:.. .7 . . Jim Butler
-u'4 K'4 -u I crate. Except "ilon? Atlantir 1 McKlnlev-liarragh .
Cms Magma Copper
1 -.oais Mother Lode
MONEY-LENDING RATES Washington. May 22 The Covern- Nevada Hills
rilll.Alil'l.rilM Call '' l'er cent: ment's weekly weather report says Nevada Wonder ... .
time. B4 fi fi per cmt Commercial paper The weather during the week just closed Nlpls-sbig
thre. to four months. 517 C per cent; six ,.ontnues flu0,.anlP for cotton in most ''I"1'1 ,Z
montn.. per .em districts of the cotton bell There was : San Tov
little interruption to work from lalnfall. Stewart . .. .
Reiervr. Banks DUcount Rales although moderate t heavy rains "" J-X-Ifvert""10"
nmclal dlscounl rates at the twelve curred In inore eastern States and a so 1, En , ,.,,..
F.ibva, Reserve banks were as follows, northern Texas and in portions of Ar- White Oaks
(The first column gives the rates for Kansas aim y""1"""1"' l"re""t": ..-1 vvniie f
.1 . ,.. .. . .....1 ini,iin. i or. rain occurred.
.411 Ki-i I, nn ui. .,. nii.i ...viuu.., ...c ...- ------
deer te.i i-d.iv maturltv. the second for a Teniperatuie ouring tne week nier-
citB.s-i-1 oeceiiim-i isemer. .Monigomerv i,eer tp,.ii.,i.iv maturltv. the second for a leiniiri.i.ui .mim,, m ..vc- ...cl-
8 411? S4I ''" Voung bid: (ilfford. Fllnn. Haitcon, rVrt of slxteen"to nlnetv davs The aged fair to moderate except along the
u, land Bartlett olfered. third nnd fourtl colun 1 give the rates Atlantic coast, where the weekly tein-
s.'oI.Sm Januar, - llartc in, Hubbard and rrt', Xi" of collateral loans se-' r;t"" ,"'. ' Ses r ,hree
.lun
Juli
24
Itkhmond
Atlanta .
uontiact. hi 2H.S8rl Wale Wfre 300n hirann
I...Iau L'kIiipu. . afa i.llinl la. anvl. St IlUlS
....in-. ....- .... -,-... ... rn,,,. , x.,nnU-
1 nil rontract spot prices v:""''"',v,,v
dealings
m
lTI,Xaickenbach Steamship Companv
tjnta a certincate at Dover. Del . .May
asinK us capital siock rrom Jin.
vvf 10 ts.ijun.uuii.
I.- -ote'....- .-- m . . ... i,l.l Imhi ullli n.ll-nn uaull .1 . ,1.
, . U1 n.P. CT Ionian.. Ulm.nl (.1. I" IU1C .,.....-,.-.. ...... .. .... ., u. .. ,,
J&Z-?rn"m " w . V"11. '"a "l .. , , ... -. , r . t , H- rtf 1 nnliiu f,.r .vlHHUn- A
nrat a jueotni mtunr nt? annntioH i fliniHi H.&I1PC t .nniniiiipf ,1 bkcc iipntiri , "" "i ''" "'. .." "
rfid increase In cnmmnn ntni-W fi-rm ... ,. AA .. .
MMMO to lip.000.0.00 and the ere." ." V".? V .hVpd-a, P Paei-ve
MMitnt r,r i nnn r.n Preferrtd 8J board, which went out of existence on
iW-S,.00.'0.00- i,ar alUe ,10 Mav 17 with the organization of the
TWt tP7?5?. i ',0,,i h.a.nge name ' ar finance coiporatlon. Issued a final
lES5Sm .n l?H. .H!1 u.om,any w?3 rvport of its activities during the four
ItJHjrawn and not submitted to stock- montha of its organization The com-
'Pr mltlan natsuri ttn Jinnllpntlnns fnr ihn In.
V l t dlmiinl nt oiinll'il In Iha fimnilnt rt
barles -J. Suplee has become asso. firs. 458.386 and of this amount for new-
,WUn tr, 1'. UlStlne & (.0. W idener entprnrises II nermltlpd the investment
n."' Ha will devote his attention , of $154.102. 224. For refunding purposes
IK ana Don.ds. the committee approved the Investoient
-, ,. , ... 01 ,;05. 004. 1110. ine loiai ainuuni UI ap
?w. irk. Sub treasury gained proved investments therefore being
4WU rrom tne nanks yesterday. J412. 7B6. 721. The net curtailment was
yasn iici ksiii since r riaay or , $05.69 1,65.
s ...lifts ..7 ' vv ici-K 010: renar .inn venmao onereu iP.,i itv Government bonds or notes) ,-'.,,- "3'"" ,llr ""'"
sil2sr.3l March IImimii anil Cone bid. Hart- JrU' ' ZZ ) l"r I ,' T1,,e vondltlon of cotton is reported
(isms -n ,-orn and rtosenberg offered. ir tPnn a to no B01 in scil'if Texas and also in
sT.Mis7- . .....J 6da?: is Hal, 'da va central counties of that States, hut
sisfrn.;1 ' Hoon 4 4", V ' 1 , crop continues late and the stand
l""-"l Liverpool Cotton ' TorU .... 4 4 4 4'i poor in northern port ons, cnopping is
S23-DS-') , o . .. "hlladPlphia 4 4" 4 4'. , progr, ssing and plan'lng and replani-
liverontil. Mav 22 Snot cotton ira -iA..i.na . 4". 4. i 41. i.... i. .,,.,, ..n.. ,1,.4 r.r.nrt sh.iwprs
were- American, mlildllng ran-. 22. nnd .
good middling. 21 41d . middling. 20 s Sr .
low middling. 20 56d : good ordinary.
19 3Cd ; oidlnary. 18.84d
TO PUNISH OIL HOARDERS
Dallas
San Francisco
44
4. 1
4",
4". I
4
4
4
.. 4
4
' 5 4
4
5 I
4
Verington
Bethlehem 5s
Cosden Oil 6s
Cuduhy 5s
Russian C.ovl S'js.
Kusslan (Jovt 4.
Southern Kw-y 5s. .
Sinclair Oil (is. .
Todd .Shipbldg 6s. .
3H
34
17 H
5
I
n
I'r,
It
5-32
If.
.18 1..
85
;i
r,
78
nil
38
.'III
ns'
7(1
u6
7S
42
.3(1
IH'.,
Ill
1"V
.
u
1
13
i-r.2
Ml
40
90
;i
n
1 1
Hi
V32
.3
'lis
n
i
ii
7132
IVhslilnijinn, llav 22
Further conservation of fuel, through
elimination of coal and gasoline supplied
i ' o private yachts, will be ordered soon
by the United States fuel administra
tion For some months the conservation di
vision has been investigating the con
ditions undo which yachts arc operated
In American waters, the number In com
mission, the number of men employed
and the average coal and oil consump
tion. Incomplete figures now In hand
show an average In commission for the
last three .vears of 282 private yachts
driven b.v steam and more than 1000
driven by gasoline.
The fuel used In these vessels has been
deemed worthy of consideration at a time
when a shortage Is inevitable Kllmlna
tlon of these craft also would release
for work In war Industries, officials de-
98:,
Sl
97
41
45
D!l
80
99
88
13-32
38
39
coal for the week ended May 11, as re
ported b.v the t 'nlted States Ceologlcal
! Survev, was 11,806.000 net tons, an
average per day of 1,968,000 .tons, com
pared with 11.554,000 tons for the week
ended May 4 and a daily average for
that week of 1.9-26.000 tons The gain
for the vve'k of May 11 over the pre
ceding week was 2 2 per cent The
production exceeded slightly that of the
record week ended April 27
The most severe losses on account of
car shortage are reported from the
Somerset County district of Pennsyl
vania, where the loss is given as 59 5
per cent , New Itlver and Winding Gulf
districts of West Virginia, 20.8 jier
rent; high volatile fields of southern
West Virginia. 16 2 per cent: Fairmont
district of West Virginia, 34 5 per cent;
Cumberland Piedmont, 24.8 per cent ;
northern and central Pennsylvania.
17 1 per cent, western Pennsylvania,
15.5 per cent; Hazard field Ky , 22 1
per cent ; northeastern Kentucky. 22 2
per cent; western Kentucky, 14. per
cent ; Illinois fields, 13.; per cent, ana
clared
Many of the vessels formerly operated Indiana, 14.8 per cent
pHiLnniniraiDo
FOREIGN EXCHANGE
New i ork. May 22 It has become
J, in lortlons of wcsleni Texas and ample
.1 . unslilne in tne casie n rouniiei, im- ;
' proved prospects. Cotton continue oo
41 111 southern Arkansas, but fair 1 t:ood
4'1 and Improving .'Isewbtte In that Sla', .
4', Condition of ,1 crop show 1 st.a.l.,
4' Improvement cast 'f 5,lsslsslp,il Itiv.ri
nnd chopping an! niliivallon Is .m-gn-
sing satlsfnetorii.' . although l her.1 '
I-. s.-np delay I 1 Soc:'' Carolina and
Cltcrgia due tn vviatlis-r. The late pant
I. W. W. RUINED CROPS,
IS EVIDENCE AT TRIAL
A-
&.1
BAR SILVER
Toiiay Yea
I.h.i !!U-
Wert man ion
C LIVESTOCK PRICES
K-Mau n .f4mia n...lnl. ..-
.-' '.- . .., ....,..,a .,,-, .-' . ... . ...
neaa: tomorrow. 24.1100 head .v. rorkii-iM imi im -v. a-.,-. s.-.
rly,- active, Slo 0 higher than ' London (peel 48'. 4R". 48'. 19'. 12'
i.. iiuia, .1, on 1 j. no, -
rij.ii.i: mixed. 117 stiff 17 05. .
O01T75, rnush. tM.V)0l,H5. ' 4.L. P,.,l.r P F.Ira nt, Common
eneavy. ll.2.it 17.75. .. . -" -.-- --- -
Becflpta today tows head, to- .xr Ynrk. May 22. The. Atlas Pnvv-
neavi, slow, weak. Top. d(,r company has declared the regular
pppfnia i.ri.. ' inon 1 ouarterly dividend of 2 per cent., and
ftfYu. ijamos .iop.
neutral exchanges merely reflect opera
..... lions in Europe for account of the
Prompt Action Apuliut Producer Who All'es rather than dealings. Al the
... . . 1 ii same time the decreased International
Attempt to Inrrease l'riceu shipments have some bearing here. The
Waslilneton, May 22 -Prompt and market In the earlyi dealings todav
vigorous action with reference to oil showed reactionar.v tendency in the neu-
nrrH,,ppr whn ... hnMi,, hii.. r.i,, 1 Iral exchanges to levels showing de-
tlon to force up prices of oils and gaso
line. Is promised by officials of the pe
troleum war service committee.
1 is not unprooanie tnat In Ihe cae
.n.Vl V..A 'urtSlhiil lh. nr.mlm An Cll COttOll II II.M 111 11 portions OI IPC
"-"-, "''..' :ir.i.: ..VI. U.V. belt Is coming up satisiaciory .sia.--i
of flagrant examples of this kind nf
profiteering the Government will step in
and confiscate properties. It was said
today. The declaration Is made that anv
attempt to control prices by hoarding
will be -. isited with swift punishment.
head quarterly dividend of 2 per cent., and
iim.7.1- an extra dividend of 3 per cent on the
$ s I common stock, both payable June 10 to
w. iiax 22. CATTLE Re- stock or recoro. aiay 4i
,w.vw peaq. mow ana un -
LONDON STOCK MARKET
lpt today. 21,(100 hetd. Slow,
icelrta tod.Jr. 5000 head.
ers Elect Oltlcert
inlzation meeting of the
mora of the PhlladelDhla
fj tl American Institute of
IUt evening the followlne of.
Selected to serve for the period
fcrV Anthony d, Felix, of the
Kionai uanki president; C
er,' of the Provident Life and
Jjy. vice president. Howard
tlu Tradesmens National
I-r.lioDrt a. irey. or tne
Company for Insurances,
BJl Kcnaif,. jr., ot ice
i for t.uarynteeing
RAILROAD EARNINGS
CENTRAI. OF OEOItOIA RAILWAY
Year ended December HI:
1917 Incrvape
Surplus after charges 12.040,(127 19.024
Decreaae.
DETROIT AND MACKINAC
Second week May . S31.6S3 15.503
NEW YORK DUTTER AND EGGS
New York. May 22. RUTTER Rerelpta
M2 tuba. Market weak. Stat, dairy. 440
.HU e Other unchanged.
BOOS Receipt!. S0.04S ra.ea. Market
Irresular. Quotationa unehanaed.
Atchison .
Canadian Pacific
''n.,-. . Unlo . .
St Paul
Erie ....
do tat pref
Mllf.pl. ei-tre1 ... .
Loulavllle & Naahvllle
Central Pacific
Pennsylvania
Ileadlna . .s:
Southern Pacmc
Union Paclflc. 13(1
United States Steel . .114
X.ni!don ' V
12.30 EquK
. . lill MS.
. . jno
. . il!
. . 50
. . 1fti
. . 34
..lilt
..122
. 774
. . 47
. . 02
32H -rSV,
47'. ,1',
17S V1',
32'. ..
im1, .
linvi v.
734 V.
44 Si .r
S74 S
K4S - V
123 -4
IC8H H
lines of 1 to 1 ' points from the recent
high figures.
Serling and franc held steady. Scan
dinavians sjmpathlzed with the reaction
In the other neutral exchanges Busi
ness was at a minimum lluble notes
Improved fractionally to 14 75 bid and
15 asked
Heneral ouoiatlons were:
Oemand sterling 4.75 7-16. cables
4 76 7-16. sixty-day hills nominally
4.73. ninety-day bills 4 71
Par's cables 5.69a. checks 6.71 '..
Lire cables 9.04 checks 9.05 .
Swiss cables 4.02. checks 4.06.
C.ullder cables 49'3. check' 49.
Pesjetas cables 28, checks 274
Stockholm cables 34ft. checks 34 '4
Chrlstlanla cable' 31 S. checks 31 'J.
Copenhagen cabe 31 a, checks 31.
DANK CLEARINGS
flank elearlns" lodav compared vvllh eor
respondins dav last two yea-a.
mix mi7 mm
Phlla I72.87s.ns:
lle.tnn. 4n
N. York 60(1,
Kxcent In central nlalns region, where
lack of moisture and hot. dry winds
caused some deterioration, weather con
tinued favorable for development of
winter wheat crop In all principal areas.
Light to moderate showers were gen
eral, and In local nreas the rainfall
was fairly heavy, particularly In por
tions of Arkansas and .Missouri and in
eastern Nebraska, temperatures vveie
considerably above normal throughout
thb belt.
Bast of the .Missouri Ulvcr wheat
continues to do well In all districts
Warm, dry and w 'ndy weather, how
ever, caused some deterioration In Kan
H" and il'il considerable damage in
Nebraska, but good rains at close of
thto week broUgM relief In most of the
latter State.
Harvesting has begun in Pie southern
portion of the Oulf States at about the
normal date. Harvest Is expected to
begin b.v June 10 as far north as south
eatern'port'on of Kansas.
Spring wheat was unfavorably af
fected In North Dakota by cold weather
and some slight dterloratloii Is reported
In Minnesota. The crop shows some
effect of unfavorable weather that pre
vailed until near close of the week In
Nebraska, but otherwise condition con
tinues fWorame tor mis cereal.
10,000,000 Damage Done 'J
Annually in California in g
Hope of Freeing Members 8
l
Refined Sugart Unrlungeil
w York. May 22 Refined sugars
.,.. u.hnl. ,Vip rrnn pnntinii.a In
.7I MX BIS.2tl.733 536.712.149 I duclniT areas Oat seeding has been
I a il I M VlriUiilfa? I.UIIIII.I1M w VI u VIV
I c.ond'tlons. The outlook continues prom
DIVIDENDS DECLARED I Islns generally
Great Kail. Manufacturing Company ree-
anarp. payaoie
rhlrago. May 22.
During the trial of 112 I W. W. lead,
ers here Inside history was revealed ol
the ruin wrought by the I. W. W in
hop fields and fruit orchards of Cali
fornia by practice of sabotage several
years ago in an effort to obtain release
from prison of Richard Ford and Her
man Ruhr, members of the organization
convicted on charges of murder and sen- g
fenced to life Imprisonment a
The . Oovernment attorney read ' a ' g
number of letters written bv Charles I., i S
Lambert, of Sacramento, Oil , who was g
secretary of the hop-plckjrs- defense ! g
committee in 1914 and later elected a g
member of the general executive board B
of the I. W. W. He was one of the j
leaders who directed ttfe unsuccessful i
fight by the organization In California . g
In the hope the (Jovernor might be In- ' ts
fluenced to pardon Ford and Suhr from I fg
prison.
According to 1-vmbert the 1. W. W.
campaign of sabotage resulted In the de
struction of property valued at (10,000,.
000 annually for several years.
In a letter written to George Childs,
treasurer of the Joe Hill defense fund,
Lambert, under date of August 4, 1915,
said:
"There is so little Justice toward our
class that we will have to change our
It is not a
serious matter
to use oitr
motley try
teg out, and
quit any time
you desire.
CHICAGO DUTTER AND EGCS
'incAoo., y ,2
fa'rly prompt. Arbuckle Brothers
Jtl.lkiillitCT unniA tinrili 'lrirl . ff
T-T-nn rteeelpis p, rten.' vf '-vs.' and W" e-imnanl
Evans Harvard u-iseball Captain i tactic and In the future when one of
quarter!. Camhrtdxe. Jlaaa.. May 22.-t.ee Evans, our class is muraereu in ine imereet oi (
ner criu lei. neioer , "c ....- --..... -.. i 4'aiJiiaiii,, iu ui iticiia anuuiu ire inu,.
4-in th. baird of .iucaw.. i. - t--"-j-',is iepwp p, den.' vf '' and v -" eimran m Mon--&fJ&TM$utV&i&i
sxtra -vr. illll ivlibdravs-i f - v, .in. ';;"'. ;
JTMJi-''iTr4 v. . , 4. - --. i.f f- i mi i m ii i Im Y'"r -nriTT 'i'iiBr-ir8'iiii stwfftr-h '1 iiT 'ilM'"''V'
are unchanged at 7 46c,. The American nlr aernlannual ol ; , ;h',V
Company U making- a distribution . 0KrUrr.mp.nr reuyi.? ,
IhrniVrhnnt Ihe cnUMtrV. with ah nments . .-. " ''". ..!!:? 'J.:.a "i", .
.J'.r,..:. .- . ,.!Kl. n,.li. .. "' ' """ J". '-.". """".,"",'". .""",,.j"i.,Il , lh. nni.lnH., ' .-i"" .-- - ""?.-""".--"--
fiZ "n "TaV -"D"! u"", '" " " "?,.i,r":" ;'. and v-il le -d the Crihiaon I ,lera' " ,ne Interest ci laDor. an amen m
1a?heS"'Morn..Jn,iyi.,r Company regular .,. tf t-,.ri5?V" S ff, '"Rfi" ' ' M wlH.l-ave.more respect 1 1
in.'''l'l'' ppr nt on preferred ana 1U i-i. - ;- V C.i. afiJSd Sv - 2 ,nr uft Wo vl" hav " u' i5reI
Why not use our
money temporarily?
MIIM!HIIIIDU!ll!l!M
To pay your War and Income Taxes, to
buy for Cash or discount your bills and Ret
better deliveries, or to carry much larger in
ventories, to avoid higher prices, shipping
conditions, embargoes, etc.
This is a most opportune time to "Sam
ple" our plan temporarily, if you like. YeJu
can make money on the experiment and will
then see why over TWENTY MILLION' cf
our volume of over FIFTY-ON'E MILLION-
DOLI.XRS in 1917 came from con
cerns rated $100,000 to over $1,000,000. You
borrow no money, but sell a dormant asset
for Cash and your customers pay us off.
We buy active open Accounts Receivable
from Manufacturers and Wholesalers, and
let them colled the Accounts for us without
disturbing their customers or their business
or financial arrangements.
We enlarge only I -JO of ! for each day
(1 a month) on the face of Accounts
FROM DATE OF OUR PURCHASE until
paid, plus $5 per $1,000, only on tlie first
$100,000 within a .year. N'o Commission.
N'o Interest N'o Exchange.
Why wonder? Find out by experience if
we can benefit you write for details.
rfllBMttWM
Commercial Credit Company
Cash Capital $2,250,000 Surplus $375,000
BALTIMORE
. Iteprearnted at
PHILADELPHIA. 812 Stock Kxchanie nidi,
(Phone Locust 010)
-,
NEW TORIC
CHICAGO
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W --, 'I
A"V
CINCINNATI
.BOSTON
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