IF?W HHBBUMBP.fJW ffl"WTOnIPjraK;E1 . - f C-ir iwiirer'.".'i rr"MP tvwi -a vtxjrvn oKzmr-i .' . .-, .i- - avi "r .,.-ui. -;jvii. IlX.TJMBWip.3 ?r.?& EVtMJ v 4Tzrj - X.f -.'. ' '' i in V ." "avz: KwiT r m Ik 1 i" GOSSIP OF THE STREET FINANCIERS FIND IN GENERAL HAIG'S MESSAGE TO QUEEN MARY ON WAR OUTLOOK Taxation Program of President nfe Outlined to Congress Is Approved More Advantages to Railroads Rumored Gossip of the Street tpHERE seemed to be more satisfaction gleaned In the financial district - yesterday from the telegram sent liv filr DourIs: Hale to Queen Mary, congratulating her on her birthday and oprcsslnc; confidence on the suc cessful termination of the war before her net blithday than from any other war news. Smnc took tlili to mean n termination this fall, before mother winter of dipping In and unltlns for n spring offensive, as llttlo Could be accomplished then before the next blithdny would nrrlto. There Is t-tlll a stionp i Minor nf mine mhantnue comlnp for the Mllroads than those already planted and opicrd upon. Just ht l' Coming Is too IllusHc to run down, but such a possibility appears to be more than a mere rumor. A well known banker and broker esterday said ho considered United Gtates Steel at 103, which It was at that time, a pood buv. There Is ft 111 a pood dml of guessing going on about th Interna tional Mercantile Mai Inc. Some asset t the deal Is completed' and only a few details remain to bo settled while others are skeptical enough to contend it will never be settled, at least dm Inn the continuance of the war. President's Taxation Program Indorsed Talk In the financial district esteiday followed along the same lines of the day before The Geiman dtlve, ut course, was the uppermost topic. The fact that at one point the Germans had made gains did not seem to have a disturbing Influence. ., Next to tho German drive, the tantlon program contained In the President's address to Congress on Monday cl.ilmed tho most attention. If there wcie any iejl objections to the President's plans they were not In evidence. The more financiers review the speech the more they see the neces sity for the action called for by the Piesldent One banker said It would require only a slight itersc or a slight Uctorv bv the Ameikan army or even by tho Allies to emphasize eeiy point the President made as to the urgency for revenue legislation at the present session of Congress. As to the Increare in lalhoad rates, the general consensus of opinion In the Street and In bankeis and biokeis' ofllces Is that the subject embrace! such a Vide field tint rome tlmo will elapto before it can ba figured whether It will affect lallio.id slock prices and to what extent. 60 much of the Inci eases In nles will neccs3arllv be offset h the in creases In wages, fuel costs, etc, that It Is yet a question which will outbalance tho othci That the Increases In rates weie a prime necessity for the successful operation of the loads does not admit of question, but the Imposition ot a 25 per cent freight lale on top of a rpcentlv planted 13 per cent Increase, making a total Incicasp of 40 pr cent, 13, In the parlance of the Street, 'going some." Smaller Investment Houses Marking Time With a number of their best men engaged In the War-Chest campaign, some of the smaller bond and Investment houses aie marking time these days. Houses that aie doing a fairly good business say that the greater part of it Is for shoit-teim notes nnd tax-free municipals, both of which re scaice In the maiket. The weakness In Liberty Bonds was accounted for by bankers, who said the announcement on Monday by President Wilson of another and larger Issue of bonds In the fall, as well as the new plan of taxation, had caused the decline in Llbeity pi Ices. That tho decline was due more to taxation than any other cause was evident from the levels at which the different Issues wcie telling, the tavfree 34? touching a new high record on this recent advance, while Js and -His weie seeking lower levels. As the 4s and 4'jS can bo held In amounts up to $5000 without any taxation to the Individual, these two issues should be an attractive Invest " ment to the man of model ate means at piesent quotations. Foreign Government bonds were easier jesterday This was es pecially noticeable In the Anglo-French 5s The declines were ery ' email and were naturally accilbed to the lesumptton of the German drive 1 on the west front. t The Federal f aim-loan 5s have been very largely oversubscribed, due ' .principally to their tax-free provision. While It is admitted that some wealthy Individual Investors secured large blocks of these bonds, It U also admitted that the Ishuo has had a very wide distribution. '.Corporations Feel "Cost of Living,'' Too Speaking of the capital requirements by corporations and the diffi culty of floating new Issues while the Government almost monopolizes the money market, Hemy I... Doherty & Co. say in a recent letter: 'Tew holders of securities In the great coiporatlons of the United " EtAtes realize what strains In tho waj- of new capital requirements have been placed upon thece corporations in the last 3 ear. In general, stock- ' holders of the corporations which are doing so much to aid the Govern ment in Its prosecution of the war and at the same time supply the normal demand of the population for arfous commodities wonder why these corporations, with their huge earnings,, have often to go Into the market for additional capital. "The general public perhaps fails to realize that the 'cost of living' to a corporation ha3 Increased as rapidly. If not more rapidly, than It has to the Individual. Corporations today are tarrjing much larger In ventories than they did two years ago. Even if they were carrying only i the same Inventory In volumo of inateiial In the current jear as they were in 1916, this inventory-would probably represent at least twice as much in actual value today as It did two years ago. This means, of course, that an actix'e corporation must have at least twice the amount of work- - lng capital to do the tamo volume of business In 1918 that it required ' In 1916. ' "In the last year almost every corporation that is concerned, either directly or indirectly, in the war program of the Government has had to i. enlarge Us facilities materially. Such new construction as has been done in the last jear has cost from 50 to 75 per cent more than the same construction would have cost two jears ago. This means that a corpora tiqn has to raise from 50 to 75 per cent more money for new capital con tructon today than it would have been compelled to do two years ago on the same construction program. "So far aa possible, all corpoiations have been financing their new capital requirements out of earn!ngstlecause of the high cost of capital secured through the usual channels; but in virtually not a single instance, no matter how large earnings may have been, has a corporation been able to meet new financing requirements out of BurpluB income." Workers Now "Prospects" for Some bankers and brokers were ownership quickly these days from when one of them remarked that a J-j , atore a few evenings Blnce, when lli for the Midvale Steel Company, 5." proprietor tnougni ne sizeu mm 5; could not suit him for price. :! The negro asKea me prices ana PBhow me a pair for about 9," he him a pair which suited and ne handed over a ten-dollar bill, telling; the 1 'sf.aintant to keeD the change. T There's no doubt that money is f f i Bond salesmen might profit from Philadelphia Arrivals at New York Hotels :-'.. ,.n..i.. resldsnta of Philadelphia are faVlstered t New York hotel.; li C.L. Anuarson. piwmw i D. M, Banlter, Jieraia otur. f w. T. BenJimln. Manelllea. t'f. L. Bradley. Wallick. j. Cowennouen, i.uiay1iu. H DleBenoaen. urana. 'H. T, Dletrlck. Park Avenue. ?b. u. Frank. Herein . P3!kf- vArickM. Latham. ty'j. orter, X:olllni-wooa. J. niwi"' k"",l..l j kltfer. Continental ' C. Siwcorob. HirjH Bauare. a T Northrup. Wallick. C In Pattsraon. Continental. i: W. Pratt. Pk Av.oue. V. jf.v jtMeaao. Breelln. I rh ' fi2"""- pi SATISFACTION Bond Salesmen discussing how money was changing the wealthy to the laboring classes, friend of his was in an uptown shoe a. negro who, he learned later, worked came in to buy a ,palr of shoes. The up anu torn mm no was arraid he was torn mey ranged irom J8 to J15. said. One of the assistants showed finding new owners in these wartimes the above. B. D. Abraham!. Aberdeen. W, Berkowltz, liroadway Central. L. Block. Aberdeen. W, O, Conley, Hermltace. J. II. Farren, Brealln. 8. I. lfagan. Aberdeen. K. II, ifofraann. Breelln. V, B. King-. Breelln. 8. A. Lawrence. Park Avenue. M, Parnea. Broadway Central. J. J. McElroy. Herald Square. K. W. Rlchardaon, Broadway Central. W. II. Riley, Orand. C, E. Ravage. Orand. J, Bhartner. Jr., Broadway Central, J. W. Stern, Aberdeen. II, J. Tevelion. New Strand. C. II, Ulrlch. Park Avenue. B. B. Wacha. Aberdeen. w. Welmtock. Broadway Central. II. Wherett. Albert. J. E, Wnltty, Uartborough. Trad RepretentaUra Blauner's Miss fera .and ouilte Weiss, aoencara. fall weatera jnd qullte,d vests IS East Twenty. tilth street. Room 1114, nimhal Brothara. Broadway and Thirty. second atreet Mlaa A. t Lerner. atneral merchandlsa. (basement); Mis Naala. sulu (basement); Mlaa Evana. waists. U W Mlrach Company Mr. Elnhorn. silk drasata (baMmnjt)i 470 Fourth atnu, ataaaa aOI. Philadelphia MarktH GRAIN AND FLOUR WHEAT Recrlrt. 2411 bushel. , Firm. Quotation, ranged follow ! Car lot. In tport flevimr Kloverntnent (tai.itard im Pctlon) tanrtird triced No. 1 northern eprlng. 12 mi No. 1 hnrd winter. 2.2'' N"; t. durum, u T. No. 1 hnrd whit I2.S7I red intor. No, 1, J 27! No 2 J2 24! eott. No 1. . 2jj n'o. !. 12 22. Minimum jrlces Red winter No, a. 12.21 1 do. No. ,: do No h. S 2. IS' do enmhle grhde 2"tf, 2 fa. sort, No, a ij.ji. ,io. No 4. J2 in: do No 5. 12 13: ,lo, sample grade. J2.02 Special minimum price onlv to be ap plied hen th other nualltle, in the hcat are high rnouRh to warrant It. , No. 3 nheate Mitlmum rfU contalnln 13 1 per cent molnture to la .1 per cent moi; Jure 4c under No. 1 or No .1 red. I- 231 No 3 soft red 21. Mnxlfnunt l'f'ce con taining 13 to 14 per cent moleture. Be under No t or No. 3 red, 12 J-': No. 3 eoft red. 12 20. ..No. 4 uheals Mitl'im price c uprter No 1 or No, 4 red I.' 21. No. 4 eoft red. No. 3 wheitu Mtxlmum prl4e contalnina not over 14 3 prr cent moleture (1c unier No 1 nr n -. fn.i 'M Niv fi Oft I.' lt Maximum prlie contatnlna not over 14 7 per rein moisture 7c under No. 1, or No . rrd 2 20. No 1 eoft red - t. Mixl mum pri'e containing not over !" rr cent moisture. c under No 1 or No . red. -- i: .no n eon red. 12 it, i-mp!e vvheitt lUndlel on in-rU. but In no rape hM Mice lie hUaer thin 4c under No. 1 of the atilnlafs represented Smuttv- wheals Value ahall b determined b each aimplu basis ot the (lifts and sub class t'OHN Receipts. Mi bushels. Trade was slow nnd prices were unchanged Quotations Car lots ftn lonl trade No 2 jellow, $1.70, No I scllow, II IIS ST 1.70. OATS Ittcclpts , 11.273 bushels ORerlnKa were lUht and the market ruletl stead. but tnde whh quiet, Quolatlons. No J white. S2'i B Sic. atindird white. KJffxJ'lir No 3 white. siiSSl'ic, No I white. 7IP'j fM'te rt.OL'tt Itecelpts. r.llri 1,1,1. and ." 0311,420 lbs in sicks The market ruled stcudv un,h r light offerings nnd a fair ilciniiid Quoin tlons follow. To arrive, per inn II" packed In a' lb. cotton sick winter wheat, inu per irnt flour. J.ln7.'?ril, Knn-as wheat inu per vent tlour. lltHtl.SV spring wheat loo per ent (lour, Jlu ."inilrt 7.i Mn-is wheat, iili. I l.uuit was unlet ana inreiv irnu, e quote at tin oU'lf 12 I" r bbl , In silks, ib tu qualltv. PROVISIONS There was a fair Jobbing movement and values were well sustained The quo tations were as follows- tlH' beef In sts smoked and nlr-drled. .lie western beef. In sets, smoked. 3'ic: lt beef, knuckles, and lenders, smoked .md air-dried 4uc. western bef knucLI" an 1 tendets. smoked tile, llecf hams. 14' Pork, fam tlv J'll Ham l cured, loose. 2vl flSOc, do sklnn-d. loose. 2S't i9 2ll'3C. do. do. smoked, 2li'30'to. other i4ms, smoked, city cured, as to brand and aver age. 20 15.111140, do. smoked, western cured. 29' i&31lic. do boiled, bonelees Jlo, plcnlo shouldere. S. r. cured loose. 2t"iiO. do. smoked, 22'jc Bellies. In pickle, accord ing to avernge, looe. 321 . Itreakfl3t bacon, na to brand and avenge, rltv cured, 4Uc. do we-tern cureil, 0c l.ird. Western lenncu, 27T27"4c. do. pure cll, ketlla rendered. 27'27'4(. REFINED SUGARS The market ruled steady, wltb offerings light nnd denntid fair, oil a basis of 7 4,io lor fine granulited. DAIRY PRODUCTS nUTTCIt In fair demanl and prices were steadilv nnlntnlned Th quotations ranged as follows Solid packed crrnmerv, extra. 44c. hlelier-scorlng lots. LIS 40c: extra firsts. 4Jc flr-ts 4142,.. sevonds. .ISWluc, I nearbv prints, fincv. extra, 4ac. fanc braml3 Jobbing at 401T31C. lair tu good. li4fio, girllckv. r,-iB3t-, FGGb 1'ho market ruled stesdj under light offerlnsi and a fair demand Quota tions rreo cases, nearbv tlrsti. $10 ill per I btandard case, current receipts $ln 20 per iinte. vvestein, i trl firsts. 51" "5 per caso, ' tlrsts. Jill 2UB HI 30 per case, fancy ae llectei e.-gs were Jobbing at 41 0 430 per LlinEf-K O.d Slid slowly and I hi lnar!.-t 'was b.rej steadl. while new of flm quil,l , luled tlrm unl-r searclt) Quot itlon were as follows Nov York Whole milk choice, le'd 24'4 iqjle. speclils, higher Nevylork, iwlolenillk. fair to good, old, 22'3 24c, do. 'Jo. fresh. 23ii 2U. POULTRY I LIVE Receipts were light and the market rulel nrm. with fowls again higher Quota tions: lowls 3J5T3U'. spring thickens . Weighing l"i Cf 2 lbs atilc-i. .liwoOc. vveign- I lng lffll'. lbs nnlece. ."Cefilc. stoggv vouns roosters. 251? 2Hc: old roosters, 22(iT21c, I ducks I'eltln, 2S.)0o. dutks Indian itunner. I2ifil-27t, geese, 2,1G'2iH. guineas, per pair II .101; I. do, pigeons, old. pel pair, 4USM3C 'pigeons, oung, per pair 23fyJHe. DREStjLD The market ruled firm under scircltv. vlth demand equal to the olterings i Quotations: Kresh kllltd fowls. In bbli jr- ipltiied fancy, selected. 3 i'pc: weighing 4 l;s. and over apiece, 33c: smaller slies, 32QZulC lOlu roosters, .drv-Plcked 2ilc. loa.l- '5 .rn,nBno 'o 'errn-ne,e"US3d.17c. uo weighing 4 lbs apiece 33(?31c. flo. w Ifhillrf 3'i lbs. apiece .U32c: do, weighing 2'i Mo lbs apiece. 29010c: roasting thickens west ern in hbls . weighing 4La lbs and over apiece 31c, do. weighing 3Va 4 lbs apiece, 3H(M2c, do. weighing 211 lbs, nrlete. . (Tine Turkejs. nearlij. drv-plcked. bet. 313lc: fair to good, silllic: turkes. wejtem. dry-picker., best, 323 34c; talr to good. 2Sft3oc, turkejs old toms, 34c. do, tommon, L'MTJSc prina: ducks. Long I Island 42iiJ44c. S-Jabs. per doj JVhlte. I weighing 11 to 12 lbs per dc-ten 7W ; 2JI white, weighing l to 10 lbs per doz , 23 i&i73: do, weighing 8 lbs per uo iw . 16.73. do. welshing 7 lbs per doi . Jlt I Sil. I uo weighing HJ)BV4 lbs rr dor 2 7.14H , , 3 23, dark. 1I02. small and No. 2. TScuu. FRESH FRUITS Strawberries were more freely offered and prices favored buvers. Other kinds of fruit wtre generally steady Quotations: Apples, per bbl Wlnesap, $709: Albemarle Pippin. J7Tf8. Baldwin. 48. Hen Davis. 3 Susffl: apples western, per box Vvlnesap, $ 2 500 4 30. niaok Hen. 2if 3 So, Hen Davis, 2 fill a.l r.ll. Nevvtojvn Pippin 124: applts. near bv, per hamper. SOcifftl 30: apples, nearbi. per H-bushel basket. 23c0 11.25: peaches. Cleorgla, per C basket carrier, M 50if 3: lemons ner box. !5$28: bananas, per bunch. $L(fl3 50, oranges, Florida, per box, S4 300 7 "iO; oranges, California, per box $4 300 0. oraosfru t. Florida, per box. 12 .lOftf 4: pineapples rorto Itlco per crate, 1301 50, cocoanuts, per bag. 5 50011; strawberries. Delaware, Maryland and I-astern Shore. 51P 10c, strawberries, Kentucky, 301lic: vvaler melons, Florida, per 100, 135073. water melons, Florida, per carload, 13300300 VEGETABLES Potatoes were quiet and weak, with fairly liberal ofteriligs Other vegetables were in moderate request at revised; prices. Quota tions' While potatoes. -per 100 lbs Putn evlvania S1.3U01 43; New York, ll.oJ0 1.10 White polatots South Cnrollna, ,.cr bbl No. 1. 112504.50; No 2. I2 00M3 5U. White potatoes Florida, per bbl. No 1, 14 5005, No 2, 1304 White potatoes Florida, per 150 1b. bag No. 1, 1303 .'ill. No. 2. I2iq2 so RivmI nntsfnes .Trsev nee '. .i.nih hi.sKet. 31 lbs No. 1. tl.aowl.lio. No H. BOfOOc. Sweet potatoes, Jersev. per namper. -no i, o-. lo; io , tiwi aa. Oeleri. Florida, per (.rate. iUtoo. lorli .da per oox. z?aB.io: uo. luoan box. 1102 50. Cucumbers, Florida, basket, SI u -1 50. Squash. Florida, per ke et, crate, Il xaiff. -o. ueans. fioriun, per nam. wr SOoffTIl!: do fill i fo.2! South Carolina, per ham- per. 60c($2.25: do, Georgia, per hamper, hamDer. hUciS'Si.liO; do. North Carolina, per l-ll-obl. hamper, I2IK2 fiO; do. Der t4-bbl. hamoer. SJtrJ lievts. North Carolina ami boutli Carolina, per too punches aiwa; ao, Nor folk, per 1110 hunrhes V&fta. I'eas. Norfo,k. per namper, 73CI2.30, do. North Carolina, per hamper. 7Sci1.75 Corn, 1'lorlda, per crate, latil. 1'cppeia. Florida, per crale. 12 t?J fiO: do. Cuban, per box, $1 5(13. 'tomatoes. Florida, per crate, $2 20a Cab hdKe. Norfolk, pur bbl -crate t(l ,fi. Onions. Texas, new. per crate So 1. tl ! (tll..riU. No. 2, 75cf 11. Watercress, per 100 bunches. JltrJ. Mushrooms, per lb, Jut 10c. CLOSING LIVESTOCK PRICES Chicago, May 29. KOOS Itecelpta today, 13,000 headl tomorrow. 20,000 head. Mar ket stow. weak, mostly loo lovrer. Rulk. tl 50010.70; light. 116 4nQlB 80; mixed. 110 301A.73; heavy 113.10010 BS; rough. IB 4018.73! good, to choice. Ill) S3SMH 33. CATTLE Receipts today, B300 head. Mar ket strong. Top. 117.60. SHKK1' Ileeelpls today, S00O head. Mar ket strong. Top, 113 80. Lambs Top, 117,73. South Omaha. May 29 HOGS Receipt! today. 11.000 head. Market 10c lower CATTLE Receipts today, S900 head. Mar ket steady. SHEEP Receipts today, 4S00 bead. Mar ket ateady to strong. Kansaa City, May 29 CATTLE Re- celots 7000 head. Blow, steady, 100 lower. HOGS Itecelpts. 18.000 head. Market tOo SHEEP Receipt, 8000 head. Strong. 10c higher. NEW YORK BUTTER AND EGGS Now York. May 20 BUTTER RerelpH. 17.1111 tubs Market slightly waaker. Hither acorlne 43(4 41c: extras 42 4Sc; Jrsta. 4nH(i42iiC secends. ST 9 40c ; State dairy. Eqaa1 Recalptl S 811 casea Market tr uTar. Extras. STOSJHc; extra Oriti. S3 84c. Others unchanged, CHICAGO BUTTER AND EGGS Chicago, May 29 Receipts, 13.721 tubs. Market unehanged. EGOS Receipts. 0.Qsa cage!. Market unchanged from Monday;. v r t 'Extra by Coaitwite Traniporution Beaton, May It. Coaatwlsa Transpor tation Comoany hU declarad " lar Quarterly dividend . ot . f 1.5? per LOCAL MININC ITOCItS TONOPAH BT0CK8 Aft. is Jim Sutler 78 fltfv?.T'.. '..:::::::::::::::: -M Mlipah Extension , ne Montana .,,, ,,,.,.., ,1t North Mar II Rescue Kula .... (VI West End Mi nOLDI'lKl.t) 8TO0KP Atlanta ,nf Illue Bull 12 Booth . , n Ulimondfleld H 11 ni Daisy .. 01 Kertnnas ill oro ni Hand Ken .... ... ill Sliver l'lck ill "i .in .11 111 .112 .112 HI .'12 id PI IS '.I MISCELLANEOUS Arizona ItnlteJ Nevada Vvondr ,,,. lecopa Mining V Securities at Auction The following securities were tolrl at avotlcn toila) by Uarnes S. I."ll.iii'l STOCKS 160 Bhre Toolej' t'urnlluro Co i.VI 10 shrs Miami Conner Co.. I j;!, .,., J,;' , '"' ' n II ahrs. Thlla Co. a ter ctnt ir feried 20 shrs American lias Co pir tlul ."I shls American (lis Co . pir Jlint 23 shrs. l.ihlgh Valle) (',.,il mIk in , pir lou 20 ehrn. American Mnulltng and lie. 31. .., lining v;o rulnluon , , jj' 0 shrs Inti rintlonil Lumber .ml )e. velol mnt Co i par 0U . , Lot (2i 42 thrs tctiiiii fl lmpro,rmenl to Kansas Cltv, M-v , par llnu Lot 13 13 shls. I'hllid'liihU Life Insurance to : pir no .... . i ' 1 shr, Amerhan 11 ink. par f.'u 2.1 shrs Miitnil Tiust Co . pit I.MI ' 130 shrs. Nunutir till Co l.ol 52 811 shrs. Metrnpolli in Underaiuiiii I Cable Co fll'lM llawbv Iron and Coal Co , il per nut. Hist innltbd-ie I oupoha J.inuar Hid iui Hue Km i,t jn lasnra i irsi Aalloual llanl, VVuoP burs. N .1 . tur f.Vl l.io'v I 10 shrs Farmers and .Met I'ltiks Na- uoii-ii mug, pir fiuu in shrs larmrs and Mtrhanks Na lloinl IlinW, par Jlinl. . ?5 shrs arnurs and Meihanka Na- tloital Hank: par $11)11. 50 shrs lveiii.iii.toii N itlun.il Hank 17' lTH'i IT'V, li.iri.iti . . . ion 3 slits. Login Irust Co . inr Jim If Oshis Tire As-iKlillon or i'hllidrl Phla: mr J.Mi , 3'it 4 ahrs Clre Aso, htiui of riillndel- Phla, pn ton . ,i(j e ahrs Ilclianco Itwurance Co., pir J30 . ,-,o II' shrs I'coph s .Nation il 1 lie lnam ah'O Co , ,ir $2" . . H 1 shr. John 11 Mi tson Co common par Jinn . 313 lii snrs anrmern Llbertlis His Co . pir 125 11 shrs United flis and Klcctrlc for- porallon first preferred, rar llim 4 sins riillad-lphbv llniirse common par fill . 18 stiis 1'hllsdc.lpliia llourno cumtiiou par .in . 13 shrs. Caddo Oil I o 24 shrs llarnegat Implovement Co par JliMl . s20 shrs lonopah Lxlenslnn Mining Co . lUO shrs OoldtWd Cunsolldatd VIInx Co . , 30li l'l' (I I ON tl 1SUO0 Mlsslcrlppl alle Ues an I Klic trie to , .1 pir lent tollat'tal tltlt Coupons Vlaj anl No veniber Duo 1922 1103 Cluapeakc and Delawari I mal Co 4 per cenl Urst niort gate, Intrir-tt Januir) md Julv. Heglsttred l)ua 1D27 5000 IVIIkl-s IUrre anl Hajliton Hall roid Co, .1 p, r cent Col laterxl trust Coup inn Ma and Novimli-r Duo Hill 200 United slates of Amerlei .Tj per tent Llhertv leJiltl Coll pons Mu 1.1 and Nulemltr 11 Iju. 1012 .. COO Unlttd Mates of AnierUn, 4 pel i e it rlicond Ltbei lj Lovn Coupons lime 1.1 and Deieni ber 1.1 Due 11117 . . lf30 Unlttd Mates of Amcrltit l' per cent. Thlld Llberl Loan Coupons Marih 11 and bfp tember 1.1 Due 11I2H. 1000 North Springfield VV'aitr Co 3 per cult 1 irst mot tgnge Cou po is Januarl ind Julv. Due 39 no1 SI'. 07 1II2S ! inon Ohio Ontn! Ir-iillau Co . 5 per tent. First mi rtsage Cou I pons June and Di tcmb'r Due . Juno 1. 1U1U I 200f Unlttd tlis and Electric Cor- por.itloll. 0 pnr tent Colliterit trust. Coupons April and 'Jo I tubr. Dip- l'UI . . I J000 Cl-arflold mid Jefferson Ilail- i wn. Co p(r ,,n, , lr I mnrlcace Coonons lanuiiv '.' nl JuM T,lil... 7. to: 3000 Evanavllle 11 la i Uettrlc Light Co. o per cent. Urst niort gage. Coupons June and De cember Due 10,12 1000 Umpire District Electric Co , .1 per cent First mortgige Coupons Mis and Novtmbcr Duo 1II4U 1000 Mobil clis Co . .1 per ttnt First mortgage. Courons Janus rv and Julv Dus 11)24. 3000 Metropolitan Edison Co 5 pir cent. First and i funding mortgige. Coupons Februirv and August Due 1'122 . 2D00 Indi.ini Lighting Co . I i"r tent First mortgage Coupuus 1VI ruarj and August Duo 111,1 1000 Empire Gas and Fuel Co il per cent. Tlrst and coltatrrM trust. Coupons Maj and No V ember. Due 1U23. . 1000 Hotel Trojmore n tier cent First mortgage Coupons Jan uary and July Due 1027 3200 (J10U) Etst Jersey Coast Water CO. 4's per ci tit First mort gage Coupons Mav and No vember. Hue 1P24. . . es' ar fcS'i 50'. cob S3 SO France to Get Steel Rails ' New York, May 2D A conttact for 60,000 tons of rails Ins lust been placed by the Government for export to Trance This makes a total of approxlmatel) 216,000 torn of rails ordered In May for I military purposes The Btltl'h Goiern- ' ment has also lecently placed an older for 40,000 tons of Besseinei mils for shipment to South Africa next )car. STEAMSHIP NOTICES MERCHANTS & MINERS TKANS. CO. Philadelphia to Savannah and Jacksonville. fnr all OOintS BoUttl. tWO Balllnas Weekly. Philadelphia to Boston, for all New England 4 points, two ealllnfca weeltly. Passenger or , reuiiiv. juiiauiv jiijou, , Der la. Foot rine Mreet. Telephone, lnibard 1900 EntTATIOXAL Wireless Operatoi-s Four montha' course qualifies for first com mercial license and allows enlistment In i Army Or Navy at hleh rating nnd pay. Ex pert Instruetors. Low Rates. New rlass be. Kins June 3d. Write, phono or call today. Klna June Director of Instruction CENTRAL V. SI. C. A., 1441 ARCH Roth Sexes Help Our Country It la your duty to train to All tha thousands of positions left by our boys called to the colors. Hlah salarlra will be paid competent stenographers, bookkeepers and secretaries All business branches taught. Day and night classes all Summer. Enter any time and show your willlnaiuaa to keep business aolng while our boy fight for Liberty. Banks Business College atS CHESTNUT STREET RHOBTnND AND noOKKEEPINO , Oreae Shorthand the easy, speedy svstem TluaTnesa Couraea. Day or Evening Schools Enroll any time. To meet tho heavy and . Increasing demand for 0"nK men and mum I with oBIca and business training our classes It, t.. ..nllm, Aav nri e,lllllf thrOUCll- out the coming aummer months Call or writ for particular! and catalog. PHILADELPHIA IH'IESK COLLEGE 1017 Cluatnut fct. ' Shorthand System In 30 Days Philadelphia School of Office .Training S. E. CO. J6TH 4 Entrance 16th St.- CHESTNUT STS. riione xakusi aboa Languages BERLITZ SCHOOL 1841 CI CHESTNET , ca on inin m, TERMS BFOtlN AT ' AWT.TIMH. TEACHEBU Wanted. Positions waiting. Free reglit'n for Col eaa and Kermjl Jfraauate. Modern Teachers'Bnrean. 1002 Market M. gofl?laSg..WffB0M,iy.Hp0r BUSINESS CAREER OF PETER FLINT A Story of Salesmanship by Harold Whitehead (Cepirlaht) Mr. lWilfcirnrf mil nntttfr iionf hvelurte OHMflnna on butlno rlno n,lirrllM mid rmtifoinnrnf. .lilt ionr qursllOils clforli; neil pile n tjjq oris. 1 or roirccf ilfliiir rtl"i full n;ir miisf 6c xlaie-l lo nil loslri. Tim? uTttfh ore flitoiitiiioii'i intivf be l,;,rorrrf. ;litu-rta In firiiilfril omjlloii itlll 6e soil v ntftll. ofiei qullniia ulll he niuinrrrif Iti thtt rohimn. The moit luff rniMni? luofi. eill of lltmilreix ulll lie liotril I'lfo lll Itoru nf Vctrr FilHt. CI ol LD Mrs Mlnton ia some mad! She V-e came Into the store this mornlnB and Mid, "Good morning Mike. ' and smiled on him so tint 1 thouRlit she wnp colnr; to hiss him. She handed me the Ice water 1 Five a little latish to shrtw I didn't niliul and said to Mike, t'ld sou se ' tint?' I II" tinned around like a flash and said, "See here, bo. you've cot oiir"clf In Ind and nu got fired Don't tiy In set me In bad You're all rlfiht. but . none of that smooth stuff for mine ' ' fellow certalnlv Ins tn be down on j his luck a hit to know who his palx ale 1 never thought Mike (loiigli wniuu nave Ihiown me down lllie that lnt lei him wait, thoiiRh. M.v tuin will tome and then I'll show him a thins in tn HeJ tlvva vv.tn too darned ninit Hut Kid I was uld 'man Mlnton told me I hid lo ko I to TJo'lnn to cet a liiK'-'tred jit k plane vvhli'h we didn't keep In tuiK I alvo had to le.tvp .i note for I.iek Kleld', the sccrotat of the hardware astoclntlon After 1 cot the pi me 1 wotit minimi to rield olllce I I'niildn't help HiiBhlUB vvhen I Rot Inside, for thnte was a xntiti fellow MniKRllns at the oomlilnatloti ot that aife which wort led me ro inueli "Let me see. j our mine t 1'llnt How am ou- said Jatk p leiil to tne , '1'ieftv Kiwd Mt Mlnton lent this note to vou and I've Rot l wait for nti ansvvtr" "How did vou come to lo"e jour job'.' ' he said at he toto open the envelope ' Mr Mlnton objected to niv makltif! enough money to live on He thoiiKht he owmil me, body and soul, for ten bucks pot rApccted me lo Rive him the whole of my time and attention fur tint ' "Isn't that whit ou iuuiniul tn clve him vvhen jou staited?' "Ves, but " "I see," he nodded hli hed 1 know what 'es but' nio.iiH It meant trv Itir; to extue n Know u fault ' An idfa occulted lo me, co 1 said, "I'm roIiik to New oilt this we,k-end I've pot a new Job on a new-piper I vvon- I' der If uu would Klve me a letter of I Introdnctlon to the pecietirv- of the N'evv York Hnrdwarc A"-soelillon ' "H'm1 Ro sou would like an Introduc tion to the secretarv of the hardware association In N't-vv York, so tint when vou los-e this new Job .veil haven't jet itarted son'll nrh,ip Be' .inolhet lined up thioURh my ft lend Mr Zolnler 1 id, tort- oot-rv fni ,,ll oiltio- linil. llllt r 'l cannot plve vou an Introduction to ' anv one 111 trust anvbody once and I help an j body once, but If he falls down badly, I loo Interest In him till he has made pood " He turned abruptly to his desk, wtole I a note and passed It over to me, say. ' Inp, "l'le.i'-e glvo that to Mr Mlnton ilood day" ' Oood day, sir," and I held out my hand but he appirentlv dldn t see It I When I pot back to the store Mu 'Mlnton said shatplv, "Who was that dill-faced hussv who's been here to day?' 'Search me 1 ve ben out of the store nil day How should 1 know'" "Sho asked for yon 1 wont hive tho'O bold-faced oieatures coming Into the store Who was rhC' ' "Sho was tint sime girl tint was here jesterday." chipped In Mlnton Then I did pet mad Uy heavens' no one cm talk like that about Hosle and pet away with It. "Vou old idie-eat," I said. "Just let 'mo tell J.ou fomethlnp I'm enpaped to be married to Miss Level and nelthet 1 5 oil nor jour old dried-lemon of a hus band cm rnv thlnps like tint about my plrl If sou were a man, 1 d smash join- face In " ' "Ar-rr-rr-rr!" This time the old man's I prowl was accompinled bv a stronger I prip on mv shoulder than 1 pave lilin I credit for To mv surprlre, he wheeled me around, pushed me to the door and Bell Service In Huge army and navy cities have sprung up as if by magic; as any of our cities of the same size, they are completely equipped with telephone service. In normal times such camp telephone systems would have taken nine months for manufacture and installation; in less than two months the military needs of the Nation were met. Additional wire and cable facilities to nearby cities were constructed. Special switchboard equipment was required and furnished. And an operating force was trained for this national camp service. Whether it be for camp or "back-home" service, Uncle Sam's soldier finds the Bell Telephone always at command. Fill the War Chest for Humanity! The Bell Telephone Company of Pennsylvania I felt an awful kiek where I eAulaA't see myeelf. 1 picked myself up and wak about to rush back into tha store wntn Mllfe came to the door with n Efln on hl face. "I wouldn't try that, reter, old buck: the old fellOVv cits pcAplft like nti fnr hlg breakfast. He rent me olit wltb our lint nnd tills $10 with hln compllmentfi nnd he says you're through and .vou're to beat It My, but voti arc a fool," and lie turned on hi heel, go ing back Into the store. TOtlAVv nUMNKftK t:ritlRAM "1V, olif" The txtlnnlnff of mi est u? What does this mran te VOU? ,.., . American Impress fompmv, the Wells. Business Questions Answered P, t'- . r. .. ... . i. i i . ... ,.- .,.LIFarK0 l-iprcss Company nnd the Small luslness concerns In deitlng vtlthi..,,,. ,. . Urge business houses mil mitiiifactuters ' bouthern I.xpress Company, with a are often comrellcd to wait elxlv to nlnetv- uavs lor ins pavmeoi r invoices i ins often works great hirdshlp rn the small man How should an Invotce be worded to Insure prompt pavment vvlien discounts are not allowed? C 1. Co II would be better lo have n definite understntidlnp ns to terms before com mencing business with a house. Where, however, .vou want tn adjust till" unnec esnrv long credit londltinn, It would be worth while to fcikI ii letter to each concern after this stjle Dear Sir on and after (date), ne ate asking all our fl lends In annero strictly to n week pment of their account with us. The nccounts are small vv'e know, but as n btisliiesF in Hi you will real Ire tint nil of otir business Is mule up of thc-e email accounts, tn tint evely week we must collect manv of them If we ni" tu mt ct our rlmnlnp ex penses All of our prices are based on this prompt-pi) went plan Vour co-operation In this matter will enable us to pile )ou the very best possible value for )our money Ale voti with it"? Itevpectfullv vouis. If this does not brlns home the bacon, nothing will but a personal lettei or a telephone tall Mnt business men are leapomhlo (COVTINLT.D TOMr'ttUOW) CHOP CONDITIONS IDKAL THHOUGIIOl T COUNTRY Conlinitnl Varm VTcilher and Abun dant Sunshine Conducive to Growtli of Cotlon and Grain Washington, May 21, The'Goiern ment weekly weather report sivs there was furtbei Improvement In cotton, with weather generally favorable for Fprlng wheat Continued Warm weather, ab sence of precipitation nnd abundant sun - Fiune or week just clr.sed made Ideal tondlllons for t hopplnp out pf cultivation throughout cotton bell Tempera lures of the week averaged from two lo si degrees above normal, and extent for a few local showers In central nnd enstetn portions; no riln oc curred Cotton Is Improving In Texas and planting and leptintlnc In tint State except in the northwest hav been com pleted Crop is ncrmnllv advanced In the southern nnd central portions of Texas but continues late In otbei sections In Oklahoma cotton Is well cultivated and Is making good progiess except where too div In the vveftetn poitione; Improvement Is nlsn noted In Aikan sa, where the crop Is neirlv all Up In pood condition in the Gulf States, from Louisiana westward, chopping and culti vation mnde pood progress, except that some tfelny was caused bv the sc.ircllv of lihor. particularly In Georgia, wheto some fields are becoming grass Squares are forming In southern flemgla. In the northern portions of tho belt late planted cotton I3 up to a prod Ftand. but some Is still being planted In n few localities Temperatuie was above potmal In central and cistern corn-Blowing Stales and in the South and crop was bene flttil thereby. Light rainfall In most ot Ohio Valley allowed neede 1 field work Ample rain fell In tr ms-Mlss'rslppI Val ley rerflon except from AHmisas and southern Oklahoma southward In west ern third of Kansas Considerable complaint of corn ger minating poorlv on account of untested peed, vxcept pirls nf Mississippi Vallev where there Is rennrkibly pood stsnd resulting from thorough seed testing Cultivation progressed well In southern States and was In piogress In central districts Considerable damage by cut worms was ie ported In different parts of coun tr) Planting and replanting continue In most States Wether continued generally favor able for satisfactory advancement nf winter wheat, and outlook continues promising in virtually all principal pro ducing areas Moderate to falrlv heivv rains oc curred In most winter when districts from Mississippi River westward to cen tral great plains and to the eistvvaid Model ate showers occurred In mot lo calities except In northwestern portion of belt Temperature for the week as a whole averaged above normal Uncle Sam's City nr lWREXPRlLWH MERGED BY M'ADOO One Company to Operate Wells-Fargo, American, Adams and Southern TTashlngton, Mey 2$, formation of the Federal Express Company, tnklnjr over the properties of the Adams Express Comnativ. the capitalization of J30.000.000, Is an nounced by Director General of Rail roads v r, McAdoo. as the third of hlo revolutionary orders In ns manv (Jays. ('residency of the new- company. It wag understood, villi be vested In Georflre f TuMoi. at present head of the Adams Impress Companv it will be authorized tn Issue slock up to $40,000,000. In Addition to piovlde vvorklnp capital. The 1'cdenl Hxpress Company vv III be a holding company and operated ns such and not bv the Government. The rail road administration will receive BO'J per cent of operating revenue or rtoss oarnlnps for transportation expenses, and out of the Inl.iiue the companv Is lo pav nperatlnp expenses nnd a dividend of R per tent on Its capital stock, if possible The Government will not guarantee any dividend to the stotkholdrs, as was the case In the railroads which were taken over. There was little doubt here todiy. howevrr, that S per cent would be made for In the past all of the foui companies have been paving ii nor cent, stockholders In the four old companies will bo given slock In the new company on the inllo of .10 to 37 and the priv ilege of ncipllrlng Ihe stock designated for use as working capital The ptesfnt capital stock ot the four companies Is 03 follows1 Allan's F.xpies Cotnpinv (In noil roil f. .f.,in 1-xpres Companv Is noon m Wells Farn llipress t ompanv 21. nor, nnu Southern l.xpn-ss Company. .1.(101. uiin The half a dozen smaller express corn panics, partly privately owned and some controlled by railroads, will not be Included In the merger, but will stand In the same i elation to the Fed etnl Impress Companj that the short line railroads do to tho s.v stems under '; nivrit sTKWtno t. Will Odgii for the Season Leavlns Arch street, Phili.. Pa n A. M . 1 30 P. M , 4 0 P, M.. t. U, ii Leulns Lalor Street, Trenton. tS SO A. M . 1 P. M . 4 So P. il . 8 P. il, : T.ike an ofternoon or mornlns sill to Trenton ana return and vou will ka Is able to see nil the wonderful Improvements that are rostlng- the country million. 1 1 .t ut lin 4 i4ii lima Ua . a k (...kin. . .1 JH.Ul ..I4.I. a.lla a- Bll'ni Hi"-" n i niv- mi"- ii nc tl l lirillU'H TASSTNOEns IIO .NOT IIAVK Fare Ever I)av. Except Raturdavs, Fondavs and Hollda)a, S5c Each Vt'ajr faturdajs Mundis and llopdavs 30c Each Wav. i Chltdren Iletween .1 and 12. 15c. I This trip is mad Runliv and holldavs onlv trills host letvrs no minutes liter SundAV and holidaja OVr.ttlinUI PAA(lr.lAY AT ARCH STRKET. NO MQUOR8 AttOWKD. !-ritlNO RrORTS f'ANAll WMm HEffaffsaklV aF WF In tho Hsart el a Grander Switzerland BANFF SPRINGS HOTEL Canadian Pacific Rockies Resort ol many discriminating Americana. Tha Outdoor Lire Osll, Tennis, Motoring Roads, Pony Riding on Mountain Tralla, Hlklna, Climbing, tho Open Air Sulph'.r Pool tha Roomy Restlulnsaa of trio Big Hotel vllh Ita Eieenant Ballroom and Orchestra, Ha Splandid Cililne and Sondes oomblns ts glva Danlf Ha tana. MODERATE RATE GET TO KNOW CANADA SHE'S YOUR NEAREST ALLY Phone, tnte or call lor information on Resort n. C. riAITON. Cltr r-issencer Aaent Canadian Pacific Railway F. K. PEURY, Gen. Agt. Pass. Dept. njo rlie-tnut Street, rhlladelohla 1231 Broadway. Neve York City MtpHa KaKaH aHHIHa71SengaxH sVRn9H!gexaBaaaaaaai gLBftPXisP IW.VWiifrlgeidj HgaaliVVaWsBKexll yr.ajiaipBTll X I WERXEKMVILT.E. PA. GALEN HALl-IN-THE-MOUNTAINS WEHNEESVILLE. PA. The beautiful Spring Reaort ol Eaatern Pennsylvania and the only one or lie ciaaa. Dry Air. Unusual scenery. Every coirfort vr Ion or short stsv. Dallv conceits. Vbiv excellent table. Golf. Biths. Message So larium. Resident Physician. Modern Gar S LKiiiK-uiavaiice iTirmi Phlle. and Readlne It. It-Throurh Pull mans from New York and Philadelphia HowaKd M. Wino. Manager. ATWNTIC CITY. N. 1. TT?AYMORE.ATLANTican luPRLDS GRHATESf HOTEL SUCCESS Warmtnafpr Ky. Ave. near Heath. Elev. weaoniniiej l0',trt, Ptlv, b.u,, rUB. nlng water 110 up nkly.i IS updly. C. iluare. UILDWOOD, N. i. fiA&J lllld-vood'a Foremoit Vaeatlea Hotel. Opens May 2 for season et 1918. Modern throughout. JAMBS E. WHITES ALL. Prop. ft A VTflN Notv open for season ot 1911. UftI IV i(i same cogrteous treatment itlll ba extended to our patrona Cap. S0. A McMUBHAY. Owner Proprietor. NEW SHELDON rdf...mS.V ISO Blvatoritrliattatiis; roomi en suiisi Skit. Auto p. . Woods, Own. Mat. Now open. T..?lso Near Ueacb and Amusements. JUSlICe Fu, ocean View. W. A. Justice. OCEAN CltV. N. i. HOTEL BRIGHTON M. . ... tt la. mmtt Mal tltlrlaV MlMi .ecvTtlve manasement. tha place f real Maahora lfe" . Cool. alrr 'oyi. rvar ajiiuvr c "R.'n5oT? Maanora ij. ., -' changes and ballroom. . . m.A,,M&na M I.At tWXATl. w. . EK.H . B.-t54Wli7' Faf-to. will' be chairman i directors of the eorporatlm. Barrett. treiident of the Ait k director, Vice president! Ml ooeratlne' efflcerf. will ikclude of the conference IncludedXln tha ( -j; Brltlih Officer! to Ait. W. .A tl'ashlntton. May. 19. Tw British ofheera from the western. who have been tsaistlnf Wlta"3 Red cross war fund campai(n'j been assigned oy tne Britlsn war I to the national war eavlnca e tea lo aid I he War ve, Atam ( from now to July 1. "Sn sitMnmt..;iAMiH A PAMBISS ofwAtaw. CAMPVEGi CHARLESTON, ONTARIO. AN ISLAND rOE ttOVft, ft t II riBninE, numinKi wimrainv. tiling, outdoor theatric. ihikM, c&6 curpsrniry. lajiiaermj' -luiorini. TWI I'unii uno iirKK crnirxi DUllOInK (toot cwt-tm: bufiralowB. fAM x t Vi .ia ink . Tnv6un aii'i.i 4i--Tr lum vim pt rona inii Ins berth and other c5tpnia Ttml9 rouna in MRN. IIENIIY 1AD BE1BC1 MB n B A, j SH IV eU I'ltmti ut.. K wrkvsiFts DlrMtortr MONTESSORI CMP '4 ..,..- .t.WCOMMt. Ml jf Children three June 1 J CsJl to twelve ers tn MenlMiher 11 i lh Camp there la elwavs somettllrtf I to be done: personality la deveioMd tS ctlvlt and tested by CO operation t others. Discipline la obfalnea throuth t vt uni-r anu oi inoustry. rormei oi care of animals nnd rsrden, TRII 'il. '"l . INnj-F. TA siontessoei nininma, Rama 1 linroee s. Fortieth rniissei 'iimtarv rAMra at- ETHAN ALLEN J Tramfnu Camn BriK.-Cen.Wm.Verbaek,Spl Manliut, n. T. Located on plAHh . Hero Ularu). Lau ! Chtmplain. MosteoraV nlete mllitarv. nhvala cal and intellectual i training, with faclll--tlea for a dellfhtfal . summer. Full taeMB. I73. Natr voek Offlea ': 7EaM2dSt. i .. -..-k.i. ava itr i ei vnooeroiiv auiw. : Write fof B66Ult V. ,L a BIVFR STr.AMitO.T u, THE DOLPHIN LINE Stoppftifi at TRENTON and BRISTOL. J if. 71 on Mav 30th. Decoration DvS n 1 11.1 urilsillUUI US) B UUtlllfe. TO HAVE WAR ZONE PAUSES EPniNfl RESORTS TANAHX rv r-U s IK?5 r- ,v:r o BETTER Toar .Yo. IMA 'A-lafit mMm CAPE MAY. V. J, v Colonial Hotel -goonj7' bath; levator. Open for 20th tnan iT.in h chuhih. uwnr m rri W1NTEB HARBOR. ME. GRINDSTONE WINTER HARBOR, MAINE, Aeross me par ironi osr naros of the finest summer hecela la , OPENS JULY 1 This hot! haa avery modern la ment. Large rooms with private Motoring, driving, tennis, boating poo and a well-kept coif course of noies. rtnnklet miv bt, obtained and I tlons made by addressing . . ri . . .' - mzr f-m oy aaaressmg seas a, SJ4 Stk Are.. NearYetVI lera, ugr, LAKE PPNMORE, VT. jj "The Heel Beautiful Ipet la . -JULIAN JtXLPJf. 4M Lake Dunmore Hi V tdO Baeme M with rrltato I AND COTTAGES -iM . te 1 Beeau erlta aHaa'-'f Lake Dunmore, (HEART Or THE ORKBN GOLF TENNIS )Pl fyim'Hcrv Bolton, Mail. . ViMV After liar ft Atareea'JBf ggole marly. rap BEM1VM.I a. ana an sun snmn ws irar , aaiasawiai rrr m ' Trf i. mg r "sae-1 t'..e.npm. ,!, !! rS$m 22 'AtftvJi mhSMmM wr Of A'ri tfl.-tfeal
Significant historical Pennsylvania newspapers