BgyLBpfT&y? y-' ? Wev vv wWi'JWf vv,g-iw ' ' "v TViv r . '.. ." 'If Sh w!w ; A, WEDNESDAY, JUNE 5, 10,tB V '?. .-". i' EVENING PUBLIC LEDGER PHILADELPHIA P AIR OIL decliaed 50 i,AW7 e prospect What? liar power ? tr share values 7 SfclTi ftfcflTe Yital aueiftiant are Mficalljr answered in our com- aaalyiti now readjr Con- all lV lateit did Hiitiry WrtT Balance ilieel Com. VMiMII of IntnlneP.rtnnn.l t 11 J .-J !I.J ..-.! ,tnn;u ana coiapiiea iiuciir frittvu tie viewpoint of t inire- rp3.M. Cifn ooniaiion cup this ad. or ;Slatntlon SOR-15 nnd we will "Ts J-1eH the'analyiia and late news J.5 25 ether active Issues. HCClitJLKl n Fnin, Stnek Ks. nf N. Y. Wldener Bldr., Philadelphia, Pa. frfceneat Mell. Wal. 4080i Hare. 40go t, N. Y. Ofrlre. 30 Ilroid St. rrlrnte Wires NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES corn prices weaken IN LISTLESS MARKET i PRESSURE AGAINST COPPER SHARES BECOMES IMPORTANT FEATURE IN NEW YORK MARKET New York Stock Sales Sales in Philadelphia Ail Rumrl.v pf Alaska Hid M Alsk.i Iunau Mlls-Chal I o Io prof Rich 34 IM, Ha 83 biibinarincs Do Not Disturb Wall htrcct and Develop- JA"t;o(cf ,. Am Car & F Co 80 ments in France Are Thought Satisfactory, but Other Causes Bring Declines High Points in Today's Financial News Stork prices were hlijhcr In .Vrtr York durinp flr?( halt ot the da),, hut dcrlincd In the afternoon P)essurr against rapper iharci teas the late fcatt'ic The Cuh maiket uas hem-ji alter a nnod start Porn anil oafi Her lined Cotton lias htqhc) Vicnrh rxehanne tin'ftroved and Sirlsi made a uric hiqh retard tar this mniemrnt Par lilvrt irai unchanged In S'cic York and London Net fir"- rh 31 ' H M4 83 -r "l H?t4 t4 , 44 V4 ' ns!'t i 10" 'i I sn 4-1 Y 40V4 J- 1 SJMi ' 13,i . !R "4 , 3Ml T A4 ;, ' inn -tt 1S4U 134-K, U fisi n.iii 'ti inni'i innii, OllVi l"HV4 02'. (12 '4 1I3H 03Y4 t.ow 34 V4 IVj t'4 33 X. nn4 44 ns .in 40 35 I3i fl 3B 4 IS -Si I OS FParnett OilGas MUGBT ft. ClRKg OCOTED .v.- 3- Morton R. Alcxantlrr inilla. Stock Exchange Bldf t7 tYltllam t . N. V. Cltr ,S'tiTBFfTnnv ii k rrnr.NT,M I rrllflyil I'nlillr rrntintdnt bi I.AWrtP.Y) w i' itlmivv i-n Mi5 real, kmtati. uti'ST nr,ra ESTIriATM A Ifl.f IT PillTVI'n4TP COftPORAilON 1 PlrilTTHD ACCOL'VTd JtffiLY OPTION LEADS t ADVANCE IN COTTON Reports of Demand for Spot ' Article Help Strengthen Viy Market vt - wa CtirTovnKi.T n kiiikr roxniTinvr, t' lrw York. Jimp S. The follow Inc irm- n.ntl..l l.k !. ..... I.. I ll.l. El irflllnt Oklahoma. Maron. VukiiI.i nnd Thnmn. nUc. 68l 8hrerport. an Antnnln. Mnnt- iitry. Clinttiinonen. Knnwllli., NhwIi- n r.na iiiiminrimi. n: AiuifMr. i rt itth. IJltle Kork. Vlrlohure. Ancu.ln. nvmnnah nnd Tumtui. ?3i Irrldinn mill aonillle. 4l ilcmnnli. i llrlrin Charleston. 7Ut lornut ClirUtl and Ivemon. 78. rnere ni .o? iiirn nr pre iiui.itinu nr Knala. .Moron unil HiirreHjrl. nn ut attannoen. .10 ut llkljliomu nnd .14 nt BmlnKton. New Aork, June 5 by July, the cotton market de- ped further strenRth toda That th sold 220 points oer October, the (itest dlfTerence et reported between Ltwo 'positions, while predictions made that 300 or een iuu points Kd separate these cltlherlea short- iowlna: to steadily Increasing ef- LiOf near month shorts to coer fall street was a larse huer on the .to 25.95c for July Traders paid Btt nj attention to favorable olll- i private weather and crop reports here were reports or a demand for ot article from the locals and the ((-van considered stronc and likely .(helped further, should the (ioern- ; permit the use of low grades In the naT of eoods for war purposes FAvlces from the South asserted that i crop would cost irom .u poc to per pounu to prouuee be Initial adance or about 3- to points for the low level of Monday some bouthern selling and selling R profits along with local selling In iipation of a bearish weekly report the weather Bureau. actions oi so or au points oc- led.. In consequence, but Liverpool a persistent buyer of July, pre ably So undo straddles, and the iked finned up again he weekly leport proved nulte as brable as expected, indicating that ither conditions had been generally iitious lor cotton crou nroirrcss. and fmarket was unsettled he receipts at the ports for the rtnv . estimated at S00O hales : acains't bales a week ago, 9177 bales a i ago, and 15,109 bale-i two years New Yorlt, June fl. The most Important feature of torl.i'n stock market im "Udcfenly riex eloped pressure ngalnst the copper vtock. which was led by a break of 3 In rhino-Copper to 3S4. A sood deal of comment was caused b the fact that mot of this selling came fiom Haytlen, Stonp & Co.. representing controlling interests in the property. L"tnh Copper dropped 2 points, nnd proportionate losses were sustained in Anaconda and Inspiration Copper The character of the selling created n belief that dividends on the porphyry !.tocks will he reduced at thr directors' meeting tomorrow. Following the declines in the-e stocks there was impressive llitildnt ing of mnnv other Issues Moore ,s- Pchlcv being heavv sellers nf New Haven It was thought bv .ome that the,e talct might be mnnecteil with the .settlement of the estnte nf the late ttrnnt H Pchlev The market generallv from the opening wus nut in nnv av m lluenced b apprehension over thi German Mibmnrlne activities off the toast and the developments In France were regarded with satisfaction, but --ome other factor apparently entered into the situation, n1- gains which weie ni.ide at the opening were turned into losses before the close. The theory was advanced that, after standing bad news In such a stubborn manner, the market had followed the usual course, and accepting the French advices as favorable, was being sold by good news. This applied to the issues outside of ,he copper group. Marine stocks, after dragging during the first half of the dav. developed strength In the later trading, but there Is still nn absence of definite information in regard to the liquidating program of the companv The day passed without Llbert.v second 4s being forced to the new low record again, although those bonds sold down to the previous tow of 113. but met n good demand at that level and had a fair rally be fore the close m Int Corp SB Am Cot Oil lo Am Ice Sec 3314 J Am It & I, l3Vi ' do pref 00 Am I,lneed in Am Loco BS'i Am .Smelt 77 V, do pref tor. Am Sum Toh 30 Am Steel Fdrv B.VV Am Sugar loa I Am Tel Tel WVj I Am Wool S7 'Anaconda 01 I All Coast . 3 Atl rs & W I I0HK. lOB'i 10? Ha Id I.oc Co 01 HSVi H nnit & Ohio . ssTfc sn I Harrclt Co pf tiDVi ""Vi , Heth Steel U H3 UtTd I Hth Stl Sue pr los inia't nrk Itap Tr 4!H 4?V4 Burns Hi os las 12J I nut & Sup Cop '.'2 21'Si fal Petroleum 20 10 do pref . BlVi B0V4 'Canadian Pac MR 148 1 Central Leather ooi-i 0 I do pref 104 104 Cerro de Pasco 32Vi 31'2 ' handler Mot 87 Kfl'-i 1 Ches & Ohio SO S8s Chi Ot W pref i3 23 Chi M & Si P 431j 4.1', do pref 74 7.V-., hi I11SP tc 23i.( 2. ''v. dopf fi p r tc nn mi do pf 7 p c tc 71 7ii1 I Chile Copper tsv3 i,Hi Chlno Con Cop 4 1 " 1 38 Sz Col Fuel & I a't 47'VJ Consol Oas . 88V4 88 Cont ( an . 72 701,4 I Corn Products 4 Hi Ml I Crucible Steel OSVi 0SH 1 do pref 0H4 01V4 1 Cuba Cane Sug 32 .1014 I dn pref HI 81 P L & W lflV4 lB2-ii I Denver & It O S S , do pref 8 8 Distillers Secur 00V, .-.84 'Erie 10 13 dn 1st pref 33 32 M do 2d pref 23 23 Oaston-Wms 33 V4 32 U , Oen Elec Co . 140 140 1 Gen Motors 1J.1 18314 Great North pf 1)0 8!!a do Ore ubs 32 32 I Green Can Cop 41 II On If State Steel 80 80 ; lnt Agrlcul I8ti 18-S, do pref SHO4 .19 Ins Conper SI 10 Inter Con Corp 7"1- 7 lnt Mer Marine 2 28V4 do pref I00H 103 Tntern'l Paper 371. 30V4 lnt Nickel 28 28 I8i-i 4S op 33 3214 Lack Steel ROVj, K.,'4 Lehigh Valle.v SO SO I. & M T C pf 101 101 Mex Petrol 04 03 Mldvale Sil S114 30 Missouri Pnc 23 23 Nat i:n & Stpd S0 S014 NVrtida Con C 204 l!)"i N Y Air Brake 12S 12 Volume of Business rs Small and Shorts Appear to Be More Nearly Evened Up 1 4 1 ss 00 Mi 82 101 42 Vi 122 21 1914 filli 148 OS 104 3114 87 38 2.1 13 73'V, SJIi III! 711 13 30H 2 48 88 1 72 4-2 40 02 1 Dili 32 2 81 -1-1 102 V2 2 S riilrnito, June 5. The corn market was under pressure today from the best buyers of yesterday and the market was weaker. The v olumc of business was smaller and shorts appeared to be more nearly evened up. There was good bu.vlng at times, but It was easllv supplied. Rev celpts were liberal nnd the demand for the cash article was disappointing June ended at the bottom at tl 30, against 1.30 "j at the end yestetrday, after having been as high as $1.31 4 The best on July was $1 34 4 ; the bot tom $13214. and the final $1.32,'if $1 32 , against $1 33, at the close yes terday. The high on August was 1.354 and the close, at the bottom, at $1.33H against $1.35 at the end yesterday. T ?!' Oats also weakened after a strong 7" 7 filfirt In nvmnnthu ., 1 1 V, nf T.nJ. ... u.t,,,'(, HIJ -1,11 ..Will. ,,AKl was light and mostly local In character Commission houses had selling orders on every advance Some of the selling was believed to be for cash houses The best on June was 7314c; the low Tl'jc. and the close 71 '4c bid, against 72 c at fhe end sesteiday The top nn July was R7a4C, the bottom 60tc and the close 6t4fi6liaa against 67e at the end csterday The top on August was 624c and the close, at the bottom at 614c hid, against 02 nt the end vesterday I catllnK futures ransfii follow a Vest Open Hlirh Low Clone e o tune 1 S1 1 3I, 1.30 M.sn 1 30V, Julv 1.34 1 34U. 1 32' 1.32t 1,334 Oat Julv 074 07. 00', OllU, (17'i 1 Yt 1 14 Hi 1. f 1 -1- 14 J- , Vj ! 1 II HEAVINESS DEVELOPS ON CURB AFTER STRENGTH EARLIER IN DAY Important Issues Advance During First Hours of Trad- H.VrVnVfid' I?'4 . n-i T-i .1 r 1 k-l Kennecott Cop 33S in;:, men accessions vre me umer jiis Most Prominent Feature New York, June 5 The Curb market showed a strong tone in the early trading with 1 nearly all the Important Issues making advances in the first hour, and from then on heaviness developed and recessions were noted all through the list lii tho late trading, while the market was strong. The oil .stocks were most prominent features, those Issues making further substantial gains, with Midwest Refining moving up from 111 to 113, Merrltt from 25 to 26'4 and Slnclald Oil from IS to 19 Houston Oil responded to concentrated buying, with an advance of 2'4 points to CG4. but these gains weie generally Iot In the last half of the day Curtlss Aeroplane was the Miiingest of the war stocks, advancing 2 points to 37'2. Wright-Martin was quiet during the greater part of the .las. i-elllng at 10 and 104 Aetna Explosives advanced to 14 4 and then reacted to 14. Sub marine Boat told at 164 and Cnited Steamship at 634 and 6 Bums Hrothers Ice was quiet, with sales at 243. There was a strong tone to Chevrolet, which ranged from 124 to 127. Cnited Motors dropped from 27 y. to 27 Mining stocks were quiet, with Big Ledge selling at 1 and 1, and Cont-olidated Arizona sold ut 1 ana i-v 31i 13 87 38 11 03 4314 28 SI IIS 34 23 !II-m 87 8 2014 2814 834 24 02 434 40 ISlll -THIAI.s ) HOND. ( O.ST1M 1,11 Y rlmf nber. Isry. ., ai.... Close Open Ilish Low Last YeaterdiO 24 in it. ms j." si. ;:, .jii 'jr, S7 23 JS 23 Ml 23 71 23 31 23 .11 , 22 00 23 2s 23 "' 23 "II 23 211 22 l . 27 7ll 27 77 '. Cotton Buyers anil Sellers York, June 5 Julj M'tchell . Ilagedorn. Wilson and Dnw-ns j- Hartcorn. Gcran. Newman Schlll I Schley o.iereu ut M.mcorn diu : iiiornan orrer- fcntember Young Hartcorn and 111 'bid; Judsnn, Rosenberg. Hartcorn i-vreeman onereci ober Cone. Ireenian. Gumoens. edorn, McGee and Brooks bid . Mr- Husseil. 1'arrott Wilson, Hubhard tman. Illoraan, uyman Sellar offered cember Wniman ami Frederlcksun Hubbard and Rosenberg offered .nuary Mitchell Sellar and Waters 'Downs, jsioruan, lioss and Rosen- offereil. Aetna Explosives Amer-Brltish Mfg Am Marconi Ainer Writing Paper Air Reduction Canadian Car Co Can Car & Fdv pref. Charcoal Iron Chevrolet Motors . Cramp Curtlss Aeroplane Caiwen Tool Carbon Stet ' Kmerson Phonograpli Federal I've llendee Mfg Kathodlon Bronze pf Lake Torpedo Boat 27 72 1 Lehigh Coal Sales Lima Loco . MPlm Munitions Mnrlln Arms X Y Shipbuilding , Xor Amer Pap P"'P Otis Elevator Peerless Motor . Poole Kng ltedilm ituck ScrllMis-llonth Standard Motors Bid k ;l' 14 t4 '4 3 0 31, 3 3 2 87 73 28 31 70 80 8 8 1211 IJ7 ,12S SO 70 37 37 37 8 0 110 114 . 2 SV4 in 20 I 3 I 4 4 78 83 41 47 ,'. '4 80 87 40 43 2 ! "-'-a IS SO 14 10 SO 711 11 13 17 12 1 1 7 10 17 t 15 11 90 93 I Ml , 0 s4 0I4 jav, 20' 27 Y4 30 33 10 10 10 1 2 Southern Rw R Sinclair Oil 6s Todd Shipbuilding 6 Hid !)8 711 90 1,1 riose tk fa.vli I) !i 811 9!l X Y Cent N Y N II & Nor Pac ' Ohio Gas Ont Silver OwenR Bot Penn R R Phlla Co . Pitts Coal Pull Pal Car Rv Steel S'pg Ray Con Cop Reading Rep In & Stl Sbrd Air Line do pref Sinclair Oil Southn Par Southern R R do pr Studebaker Sun Steel iTenn Cop&Chm 18 Texas Co ISO Tobacco Prod 0S Cnton Pacific 12214 Cn Alloy Steel 40 , l'n Cit? Stores 00 ''---.. . . .. ... ... ' S Ind Alconolli4i 1,J4 Ii 1 - 4 40 87 3B 11 03 43 28 40 IIS .',4 24 8 II a-, 8S14 8 191', 28', 8314 24 02 4h; 40 171', 118 140 02 03 120 37 04 04 8 50 10 3214 23 3214 140 123 on 32 41 80 18 S0 14 19 V, 7 20 103 3-', 28 18 47 32 8.1 1 SO 101 93 30 23 3014 lll-'H 12R 2 72'i 1 81 37 11 A3 ', 43 28 40 I"', Aim I.ird- lulv Sent , rtlh Llulv ' .Sent Pork I.T11I1 sept I Mild 02', 24 .10 24 72 22 31 22 SO 41 1.1 41 no tAak 21 .12 24 72 22 47 22.02 01s 21.47 22 21 t22 22 72 tJ2 01s 24 32 24 .17 tNomlnfll 41 30 41 .10 141 70 02 24 10 24.711 41 1.1 41 33 - 14 -114 1 -. ii --i'4 - 3 1 INACTIVE NEW YORK STOCKS Following ore quotations for Inactive New York stoc::s and In which there were no transactions today The pr'ce given Is the last previous sale- Adams Kxp 68. Nat n & S pf 39 Adv Rumelv 14 X Or T & M. 22 , A Jav Rubber 50 X y C 4 S I, l( A C & F pf..H0 Xorf Wcst.104 l 1: 1. W I nf HI'. No-fo k L Kr ?t!! An. 'ce Sec pf 49 X Y On & W. 20J m Llns'd pf 79', North Amer 44 J o IIS 34 2414 80 80 8 20 28 83 24 02 41 4 0 18 -114 14 2 120 1 30 2 Ohio Fuel Sp 41 U Ohio Gas rets OS wens Btl . . . 61 Pac Mail . 30 Per St L 50 U Pac T & T 20 Pan Am Pe pf 9214 Peo Gas 45 Peoria & East 6 Perc Morq. . . 12H Pere Marq pf 57 Plerce-Ar .. 40U Plerce-Ar pf. 90 " Pitts & West 28 PittcA Wt pf 0914 Pr Steel Car 5S Pd Stl Car pf 03 Readg 1st pf 35 Readg 2d pf 38 Ren I & S pf ion nvl Dutch 87 Ry Stl Spg pf 97 Savage Arms. 73 Saxon Mnlnr. 7 40 Sears-Roebk .136 Sears-Rbk pf, 116 Shatt Ariz. .. 1714 Sloss-Shefr 1:71, So Porto R S 160 Stand Mill ... 96 St I. u. S V.. 1214 St 1. & S F pf 29 St L & R W.. 28 St t. X, W r,f 111 Con In Cil M 174 St Mill pf . . 86U C 1 Cal M pf .?4 Studebaker pf 90 A in t.oc Pf Am Malt Vi Amer Malt pr 44 Am Sm pt A 89 Am T & Ca 55 Am Tobacco 1504 m T pf new 94 Am . & Ld 164 Am 7. & L pf 48 Am Wool Pf 93 ii Am Writ P Pf 2314 As D O 1st pf 52 ssoOil . 514 Atchison . -85 4 Atchison pref 82 B & O pref 50 4 Bald Loca pf 00 Barrett Co 884 BatopilaB Mln J lit th Steel 91 nltn R T 42 Hkn L'n Gas. 10j Brown Shoe . 6a Untie 1- , 1 :i -. Cal Pack 'o 11,1 x. m W Chl & Alton . 7 CCS pref R Chl & Northvv 92 i Cluett poy pr.iuiii !! 111..". lllah Am Oas .. 20 Bald I.OC 80 B & S t c . 31 Cam Iron to Lice Stor . 807 Gen Asph 18 190 do pref. 30 Ins CXA . 500 Lk Sup C 10 00 I.eh Xav 0314 I8l.eh Val. 00 4S7 Penn R R 44 2S4 Phlla Hie 25 27 P II T t c 2514 Phlla Trc . A30 Reading 01 35 Ton Bel 3, 100 Ton Mln 2)J 21,1 Un Trac 40 178 1' O I 07 2841 I' S Stl 101 43 War 1 &S 8 40 IS 47 10 B114 r.o 43 24 25"', 90 3 sii 40 00 Close 13 80 04 40 40 18 50 20 10 BS 0 431k 24 231 00 00 3 SU 40 07 Net cha 314 3 2 GENERAL ASPHALT SHARES ATTRACT MOST ATTENTION ON THE LOCAL STOCK 'CHANGE V ! 00 '4 .9014 8 8 tQuotatlon given Is jesterday's close. Tolnt oalra, 0429 shares, compared with 3754 slinrrs jfltT(laM thus far Ihla week, 18.S03 slmrrfii onine period lcit week, 17.893 .hares, IIOMl Xet MlRh Low Close erne. Bald Loc 1st 5s . . 100 .. 9100 Am O & n 5s 70 70 19 14 Hlec & P Td 4s .. .. 73 Lk Sup In 5s 53 0000 Leh Vol gen 4s 78 78 13 do con 14p'03 .. t80 3SS0 Lib Bond 3s . 99.30 09.30 90.40 0.10 do 4s. 03 02.80 03 300 do 1st 4s 93 03 03 10.10 do 4"4S 9.1.10 05.30 93.30 .10 2000 Nat Prop 4-6s 32 3! 32 1000 Pa Co con 4 4s "21 07 07 07 7000 do 1905 89 80 80 3000 Phlla Lie 1st 5s 97 04 04 3000 Read 83 83 83 14 Total i-alea. S28.230, compared with f42, 8S11 rterda;; thus far Ihla week, 1)I).15U sunie period lard week, yog.OOO. Local Bid and Asked Amer Stores llrlll J a lluif s. Susn t c do pref Baldwin Lcco Klntrle Htoracp . tJener.il AnphHlt do pref Ives tone Tel d,i tr rtfi. Lake .Sup Corp I.ehlltli Xnv Lehigh Val Lehigh Val Tr do pref Pnnn It It Phlla Rkctrle I'hll.i Co do ,1 p t prpf do it p t pref P It T tr ctfs Heading Tonopah llel Tonopah Mln t'nlon Trnrtlon C U I L 8 Steel ork Hw do pref W Cramp A. Sons Today Yesterday Hid Ajk Hid Ak 22 2.1 211 21 04 114 411 30 40 .111 RbS Rfl'4 SO'i 110 JJ SO 49U .111 .It- 184 H, 154 00 32 47 4 S H4 s s1, 47 mi 47 so 10'i 1014 ihu 104 0.1 11,14 il 054 .vi .194 .104 no 111 HI 37 37 43 43' 43-Si 43'i 24V4 33 2.1 SO', 2ti 24 304 07 09ii 74 31 7.1 23 31 211 8114 3 A 2'. 411 17'4 0!l"(i 04 32 70 24 2S 33 254 UO'a 2U 24 394 117 00 , 74 31 29 33 20 1MT, 34 2 40 117 '4 Good Advances Arc Recorded by Both the Common and Preferred Cambria Iron Is Weak Steel and Railroads Score Gains Local share trading was small today, with few Issues showing, activity of consequence, and business largely confined to arbitrage stocks. Follow-In the trend on the blgr board early In the day. however, changes In prices were generally to higher levels, with some Issues. Including Heading and United States Steel, receding when the New York market turned downward after Its substantial advance. . The German U-boats sensational visit off the American coast continued to be the chief topic of conversation In brokers' board rooms, and, although news of further destruction of small boats came out, thesV reports did not cause uneasiness with most traders and brokers as to what this onemy sub marine campaign would accomplish. War news from the European battlefields was generally regarded as satis factory, and In many quarters there was a belief that reports exceptionally favorable to the Allies were likely to come at any time. As far as home shares were concerned General Asphalt Issues attracted most of ;he interest. They were slow In appearing, but when they came out the common quickly took the leadership for local stocks and advanced 34 points, while the preferred, which was less active, was marked up 2-S points. t Lake Superior was comparatively quiet and unchanged, Lehigh Naviga tion advanced . Tonopah-Bclmont scored a fractional gain, and Philadel phia Electric, United Gas Improvement and Warwick Iron were lower A small turnover of Cambric Iron was recorded, with Its price off more than 5 points. Traction shares were unaffected by the hearing on the lease before the Public Service Commission, a few Rapid Transit certificates changing hands at yesterday's closing quotation, and Union Traction also coming out un changed. . ' Reading Railway was In good demand at the opening and scored a good gain on a fair turnover, later losing part of the upturn, and Pennsylvania Railroad and Lehigh Valley also scored small advances. Steel common was marked up to 10l but In the afternoon It sagged off below par. Liberty Loan bonds did little. The 314s were the only ones showing much activity, and they held steady and unchanged. Financial Briefs Morris Mecklenburg, member of the Chicago Board of Trade, was expelled to day under the alien act. The Acme Tea Company reports for vear ended December 31 surplus of $816, 73G after charges, including $299,508 re serve for war tuxes, against $696,483 for 1916. The Atlas Crucible Steel Company, of Buffalo. X' Y , has Increased Its capital 1 from $1,500,000 to $3,"0li,uuu. I Gross .earnings for April of all sub 1 sldlary operating companies controlled by the American Power and Light Com pany were $1,045,938 This Is a gain of $145,392 compared with the same month I'.'i r,.ar- Net for the month Increased $30,694. Twelve months' gross Increased $1,258,806 with a gain net for the period of $189,868 The American Telephone and Tele graph lotppany for the 1917 calendar year, operating revenues of $32,431,168. This compares with $28,401,578 the pre vious ear. or an Increase of $4,389,580. Xet operating revenues Increased $1,. 830,332 Gross Income gained $4,426, 086, with a net increase of $457,828. The New York Subtreasury lost $L 4 04000 to the banks yesterday, reducing . the cash net gain tince Friday to $24, I 627,000. inn 04 32 ' 70 i Jr 1" x, s: 1t nl Yi C V S 2d pf.. 42 4 ' Col Gas & LI 32 - Com Tab Rec 27 PHILADELPHIA INACTIVE STOCKS , Following are quotations' for In active stocks listed In the Philadelphia Stock Kxchange and In which there were no transactions today The price given Is the last previous close: 1 A G War Alliance Ins Amer Gas Amer Mill I Amer Rv pf Amer Miores 2 Amer Strs pf 92 Brill J G ..25 ' Brill ,1 O pf . 70 1 Buff & S pf. . 48 Cam Steel.. 130 Cataws 1st pf 52 Cataws 2d pf 54 Con Trac X J 66 lit rfc 11 r ... 10 lit & B T pf. 17 Liverpool Cotton crnool, June 5 Spot cotton was '"today with nrlces unchanged. tmtatotllng, old contract being quoted at i2l.Md. Sales were 2000 bales There 1 fc',Jw(nQ receipts Futures were qu'et , L. ., -., -.....0.. ,,. .u,i,,a,-,. leonces, were American, middling 1 L',Bil.-..7 40 good middling. 22 Q6d : mid- , .21.010; low minanng. 21111a, j ordlnarv. 20 Old . nrrilnarv. 19 1SH r.vH l?"aDIVIDENDS DECLARED tied IJht A Rallunys Co . n-srular IrJy m p?r cent on preferred and 1 bit-on eomtnon, rwth Dai-able Julv 1 in . of record June 15 nritHkf juimne lompanv retnitar hiv- of AOf h harp imiable June ?.! tr . tof record June 20 erica n wisar company rejrular quar tat iw tter rem on tirererrei Da-iHii Vto atock of rerord Jun l.T . 9eViies wucuit company, regular "tWrlv of tl 7.1 on first nreiVrred nainhle ' 4 to ftltck of record June 17 UPrican nmfiiiTB ppcurii.fi tompany (MmMfterly" ot 14 ler cent n preferred hi i'4 per ceni on nrererrea wn July 1. Hooks close June 14 re bv t lnt riff Cnmniinv nnurtrlv nt t ivPAyab.eJune 20 to stuck of record llelme Company, quarterly of 2- nfc on common and of l'i rtr rent furred, paiable July 1 to stock of -J ti nr 14 rl Plates Klectrlc ro'poratlon reru- afteny or i on prererrea, payable :lo atock of record June 10 ciatea uu romiwny recuiar quarterly priyaoiv juiy io 10 siock oi record C1 Oil Com pans urual nuarterlv of 3 At, payable June 25 to stock of record and Bond Company usual nuar- KlK per cent payable June 2l to Tecoro June i". an liiettricjt wunpiy company iir auarlvrlv tnf 1 nr cnt nn scond preferred and ouartrly nf uit nn I'fltnmnn navahl Julv 1 tockholdTt of rtord June iu i uruton coronany. recuiar quar i per ceut m preferred payable to stock nf record June 17 iinUlard Tobacra Comiwnv. mmlnf rlxaf 3 per tent on common and 1 im'fn "preferred. wwmjt" v m cun(iiia, rrtvuinr r W II SO per ahare and usual rfc14' of 1 lr cent on first pre VI payable July 1 r Motorcar Companv. revular nuar- , M per share, payable June 2J to fSwrdMune 38, !-jt ' - ' " in' Price of Lead f-if JJHae. 5, The American r n-s Steel Allo Submarine St Joseph Iad Tmlil Shiiibullding Rosenheri- -rl.nle Film Cnited I'roni j-niiiii I s Hteamsnip I piled Motors Cnited Sugar World's Film Wrlsht-Martln Air Zinc Concent MAMIAKO Oil. 'TO! K- Ulinois t '" Ohio 3!3 33 Prairie Pipe :," - Stand Oil of Cal . 1 Jl' eland of X J ,. 434 Kt:ind Oil Of X Y . J70 573 imh:pevkt on. toi k Barnett Oil & Gas iT H Coden & Co '(. i:ik Basin Federal Oil "'Si Inter Petrol . l'-'a4 Houston Oil l Merrltt Oil ? Midwest Refining . Ill Met Petrol T Ohio Fuel . H Oklahoma Ref . 7 Rice Oil . A Sapulpa Refining . . 8T Sequoyah 'Si Sinclair . 18 United West OH U Alaska Standard ... 3 Atlanta .... n Big Ledge 1 ' Butte New York . . 'Vi Cal & Jerome 1 1" Con Ariz 1 11 Lmma Consolidated '-s First National 14 Goldfleld Merger Goldfleld Cons U GoldlleJd Florence 10 Goldfleld Kewanas 3 Green Monster X Ifecla Mining . 4iS. Howe Sound . ... 4 Independence eLad. 3 Jerome Verde . . ft Jim Butler . 67 Jumbo Kxtenslon . , 0 McKlnley Darragh . 41 Magma Copper . ... 30 Mother Lode 4 Mines Co of America II, Nevada Hills . 3 Nevada Wonder ... 14 Xlplbslng !H Ohio Copper.. (1 Ray" Hercules iYi San Toy lo Stewart i-3i Tonopah Kxteualon. I "S. United Verde . ... S3 West Knd Con ... 00 White Oaks White Caps A Yerlngton 6 343 ""3 reslatered 4 '-"4 13 03 LII, 113 II 17 7' Vi or. Vi 50 A 10 7 IVi I A 2V 3 A 13 4 4 4V4 4V4 3 nn 11 13 33 47 14 10 IV. v. II IS 1? 7-3; 1 A 40 03 1 7 6Vi 3',4 I I 8T. I U 18 MONEY-LENDING R TES Ni;iV YORK Money on call, mixed collateral opened at 5 per 1 ent , high. 5, low, 5, laM 5 closed 5 per cent. Industrial high f , low 5-j . last, 6 Money brokers report that offerings of time funds have been made chiefly by a single Institution in the last dav or two. thu amount being falrl.v considerable gauged by recent conditions Offerings of time money bv banks and trust com panies are not uniform Some Institu tions are unwilling to branch out with fled date funds until after June 15 and others are holding off In preparation for the July,l disbursements The loans by the bank referred to above were for 75 and 90 dajs f6r the most part Prime mercantile paper Is quiet at a . minimum of 6 per tent with very e- ' ceptional transactions at 5ai per cent occasionally Prime bank acceptances are in good inquiry at unchanged rates IMIII.AIil'.I.I'llIA- Call 6 per cent, time, 546 per cent Commercial pa per, three to six months, Eft 6 per cent, six months, 6 per cent I.OMION Monev on call l.s un changed today at 2, per cent The rate of discount in the open markt for short bils was 3L. per cent and foi three .months bills was 3 0-16 per cent un- changed J FOREIGN EXCHANGE I New York, June 5 Swiss exchange I made a new high record for this Imme- dlate movement In the earl dealings to day French exchange also improved 'sllghtlv Otherwise the market was steady j Quotations) were I fieniand sterling 4 75',. cables 4 76 7-16 t Slt-diy bills, nominally 4 73. ninety-day hills 4 71 Franc cables 5 70'. checks 5 71 7-16 1 Lire cables 9 09. checks 0 11 I Swiss cable 3 94. checks J 99 I Guilder cables 50 Vj checks 50 Pesetas cables 28. checkii 283, Stockholm cable 34 30, checks 33 90 Christiana cables 31 75. checks 31 40 Copenhagen cables 31 40. clucks 31 jiuuie notes nominal at ia2 ? 2 V S Rubber C S Steel do pref Ctah Copper Vh Car Chem Wabash pr A Wenlng'se M Wilson Co Wlllvs-Over'ld 37 37 31 101 14 oo'v, noMi 110 hot hota 70V4 70. 77'i 40V4 47'i 4BV4 4 1 -V4 4 1 4 1 S4 43 "! ii 60 37 31) 194 10li 19',4 125 1 IV4 V, I Totil ales. 017,800 harr, romparrd with 7311. H0II ..hares jesterdajl thus far this werk, 2,100,300 slmrrs: ume period last week, 1,897,401) xharrs Corn Prod pf ' Deere & Co Pf 95 Del X. HUCI . 11" Urt Ldlson. Dome Mines Kiec Str Bat F M & Pf Ger. Chem .. Gen Cigar pf Gen Cigar . Gen Mot pf Coodrlch B F Ilartman Cp Hav Elec . llometnake M New York Bond Sales Irf)W 90S 96 86 , 82 901, 86 1-. Clour 91 07 H 86- 82 90 ' 85 is 82 4 90 95 , SS'4 92 051, 80 'S 58 97 1 93' 82 4 67. 75 67 4 84 T. 83 90 95 H 89 92 95H 80 14 58 97 VS 03H 73 82 H 67 3, 75 67 S4 84 84lii84 100 100 99 18 94 ', 99 72'i, 98 94 'ii 51 81 99 51 81 99 - 73 73 00,60 00.62 03.00 03.28 03.30 03.42 95 46 35 70 7 1 A 1 Hi 4 4 HANK CLEARINGS ' j Hank clearing today compared with corre- I spondlnc dav last tuo )eara I 101 1017 mm Phlla $A7.0Jil 123 147 4 SII SSI vi lint AT 1 Hojton 55 -.'117 .184 33 1I7H 13il 33 1101.1113 V York ,.71 ni m 301 :ti7 744 ,1il..ll7 763 Chlcaso .4 780.3.17 111 U'77 lis 3U.499 Mi:. GOVERNMENT BONDS 1. reirlatered 1930 J., roupon 11130 3a. resl.tircd mis 3u. roupon 1018. 4a. rltered. 1923 4. loupnn 10J5 3a rfSlrlered 1946 . 3. (oupon 1040 Panama ?, res-lslered Panamn "t reslatere.l Panama 38 reclalered Panami 3a roupon Ul'l AfU lis nsj ON im iihi no. . inv, inr UI5 107 Kl 83 1030 97 1938 (17 llllll. as S3 il 41i II 7-32 14 81 IIOMIS Bethlehem 5s ..... os;. Ds Cofrden Oil 6s.. . .. 78 83 Corden Si Co 6s.. 7H 8.1 Cudahy 5s HI 97 j ltUimlail, (!, ;''j-. 3(1 40 ,. ECKlS .H m' "" Kututan if ii,. 3J ' rr rttrtdy nlilnentd. Chemical Company Pa Extra ' . Ilonlnn. June 5, The Merrlmac Chem . ical Company has declared an extra I dividend of $1.25 a share In addition I to the usual quarterly dividend of $1 25 1 a share. Both are payable June 23 to ' stock of record June 16 1 I j New Crucible Sleel Mill I I'lllaburgh, June 5 The Crucible! Steel Company broke ground for a new mill at Midland, Pa., the plant to- cost over $2,000,000 It will be an extension of the present one for manufacture of steel products for the Government CHICAGO BUTTER AND EGGS .'"''; JU?r ". I'TTKR ft'l-lnt... T--t .ale.. W.404.nll ' ?AAiwZ J3;I','. ".?" "p" onr-.n.ii 1 sn w (MW realrnlnrt It.... atrijd; jni;iln,nj,.fj. ', ""' .. """ '?&. mmm """ Hlsh $267000 Anglo-Fr 5s 914 63000 Am For Sec 6s. 97 8 200 Am Smelt 6s 86 14 1000 Am Tel clt 4s 82 6000 do 5s 90 's 9000 Armour 4'ss 85 j 3000 B & O 4s . 77 11000 Beth St 1st 5s 83 1000 Braden Cop 6s 90 15000 B R T 5s 1918 96'- 22000 Bordo 6s 89 2000 Can Gov 5s '31 92 3000 Cen Lea 1st 5s 954 37.000 Ches & O cv 5s 80 J00O Chi Gt West 4s 68 1000 Ches & O 5s 97V4 11000 C B O iolnt 4s 93 5 2000 C B & Q III 3t,s 73 73 3 F5tel9t h'5-l 2345678911$ 2000 dn 111 3,s 73 73 73 50nn dn Ills Is 82'i 3000 C.MSP rfd 4'js 68 1000 do cv 4'uS 75 12000CRI&P tfd 4s 67 200(1 Col & S 1st 4s 84 11000 City Paris 6s ii 'i 2000 Con Gas cv 6s 100 15000 Corn Pro 5s 99 1000 net l'n 4s 72'j 4innn Fre Rep SU 08'4 2000 Ind Steel 5s. 94 6000 HI Cent 4s '38 77 5000 lnt Met 4 'is 51 4000 Int R T ref 5s 81 350900 Int M Mar 6s 99'; 23000 Inter Agr 5s 73 091000 LII) Itnnd 3'j 90.70 303000 ill. 4s 03,28 120000 dn lt Is 03.42 1477000 do 4's 95 70 49000 Lvons 6s 89 31000 Marsls 6s 88 9000 Mo Pac gn 4s 58 2000 Mont Power ns 89 14000 N Y C & H 6s 94 10000 do 4s 80 1000 NY Cy 4 i- '60 33t; 2000 do 4',s 1963 99K 1000 do 4',-.s 1964 93 1000 do 4Hs 1965 99V, 1000 do 44.R 1966 93'4 1000 NY Gas H & P 87 1000 N Y X H & H 3'is 1954 61 5000 dn 6s 87'3 10000 N Y Ry adj 5s 22 7000NYTel gn 4'ss 87 'j 1000 Nor Pac' 4s so 9000 Nor Pac gen 3s 691, 1000 Ore Short Line I 1st 6s 1021., 46000 Pac Gas 3s 78 2000 Pa gen ct 4',s 80 OOOOPn 4 4s 1921 98, 1000 Sinclair war 7s 92 1000 SLIM & I So 4s 76 1000 St L & S F ait 66 I 3000 St L & S F In 474 I "niiOSt LASF Ser A 59 U 1 1000 Sea A L adj. 5s 64 I 8000 So Pac cv Is 79 2000 So Pac cv 5s. . 91 , 7000 So Rv gen 4s 62 soon So Rv con 6s 90 I 1000 Tex Ct cv 6s 97 1 3000 U S Rub 6a 80 22000 U S Rub 5s 100 linnn I' S Stl K F 5a 97 I 200 Vn Pac 1st 4s 87 , 9000 V K of G B & I 5s 99 a 27000 U K of C. B & I 6s 1919 97 27000 L'KolGBtl 61,8 new -9 99 58 28 'i 155 93 93 82 434 85 101 75 111 Cent . IJi Int Cons C pf 4'a low a Cent ... -J Jewel Tea . . 38 V4 Kan r So pf 53 Keok & D M. 4V4 Laclede Gas. 80 Llg & M T Co.167 Lorlllard ;?? Ixiuls & Nash 15 Macnay 10,,. 7ft Manhat Kiev.. 95 May Dept Stl 63 Jlav- Pe'pt pf.102 Max Motor 26 Max Motors 1st pref .. 5o Max Mtr 2d pf 21 Met Pet pf..U9 Miami Copper 2. Mich Cent... 119 Mln & St L n 11 Mont Pr ... H Mo Pac pf . 54 Mo K & T . 5 Mo K & T pf . 9 Mor & Kssex 39 M StP SSM. 99 Nat Acme ... 33 Nat Bisct . . 95 Nat Bis pf. .110 Nat Con & Ca 14 Nat Clk & St 59 Nat R R of Mex 2d pf.. ' Nat C .S pf.HOVi Sup Stl 1 pf. 96 M i' uico s 110 Texas P & C 17 Tex Co rets.. 19 Third Ave... 20 Tob Prod pf. 94 Tran Wms . 40 Twin 'Cv R T 42 Under Tye. .102 Union B & Pa 79 Under Type. .100 1'nIHPn,, lift Un Car St pf 102 Un Drug 1 pf 48 Vn Pap Bd . 15 l'n Pacific pf 70 Un Ry Inv. . . 3 United Fruit. 124 U S C Ir P.. 15 ITSCIP pref.. 41 U S Ind. Al Pf 97 US Rub 1 pf.104 US Rlty Imp. 15 U S Rlty Imp 1st pref... 50 U S Sm & Rf 41 U S Sm & Rf pref 43 Utah Sec Cor 16 U S R 1st pf.103 Va Ir C & C. 72 Vulcan Detln. 7 Wabash .. 8 a, Wahash pf B 23 $ War R R pf . . 53 Wells-Fargo. 71 West'se pref. 64 West Md 14V4 W Md 2d pf. 29 West Union.. 90 Wheel & L E. 9 Wh & L E pf 23 White Motor. 39 Wlllys-O pf.. 80 Woolworth ..115 WorC&MpfB 90 Worth P & M 49 Worthlngton P & M pf B 68 1 Leh Val Tr.. 20 19 Le:i Val Tr pf 26 73 Little Schuyl. 48 10' Mlnehlll .. 50 23 No Penna . . 86 29 P R T 23 92 P R T tr ctfs 25 25 Penn Traffic. 2i I'll Co cum pf 33 Phlla Tract.. 68 Rwys Co Gen 2 Un C of N .I..188 U S Steel Pf .110 W J & Seash. 40 Wtst Coal .. 76 Wm Cranio . "0 Keystone Tel JSt York Rwy .. 9 Lit Brothers. 25 York Ry pref 31 LOCAL MINING STOCKS TONOrAH STOCKS nid Ask .Ilm lluller 7 .09 MarNamara 17 10 Mldnav 0(1 .0 , Mlzpah Extension on " ns. Montana 11 13 Northern Star 11 .13 Rescue Kula 09 11 West Hnd S3 .00 GOLDFIELD STOCKS? Atlanta '. 00 .07 Illue null Oi .03 Hooth 03 OS Dlamondfleld n n 01 .02 , Daisy 01 ,0 Keuanas 03 11.1 . Oro 01 112 Sandstorm Kendall 01 .' Silver Pkk ... 04 .0'. MISCELLANEOUS 1 Arizona United 17 22 Nevada Wonder s T Tecop.i Mining 2t 23 l('wPMSLf)51 Analysis of Liberty Bond Issues TX7E have prepared for the use of in vestors a concise comparison of the several issues of Liberty Bonds. The table shows the yields and essential details of the issues outstanding. A copy will be sent upon request for PE-1G3. The National City Company Corresfondtnt Often in tirtnly-four Ciliti 1421 Chestnut St., Philadelphia 4- Telephone 555 Locust ' ' Bonds Short Term Notes Acceptances NEW YORK COFFEE MARKET New York, June 6. The market for coffee futures opened a little easier this morning with first prices showing de clines of 2 to 4 points. Floor traders paid little attention to the firm Bra7lt cables, local trade Interests taking the selling side. Yeal'y Open High I.OW Close Close , 8.22 8.22 8.21 8.22 8 22 8 40 8.40 R.37 8 Sll X III July . September December 8,13. 8.55 8.64 8.J3 8.30 BAR SILVER Today X Y (cental. 90 London(pence) 48T Tea. 1104 48'i Lat 1018 Wed Hlah Low , 00i 834 40'i 424 00 48 yjIBIllllllllllllllllIIIIII'lllliraM 88 88 68 89 94 80 93 99. 93 991, 93 87 51 87 22 87 80 59 80 88 58 89 94 80 93 99 93 99V. 93 87 51 87 U 22 ' 87 80 69 102 102 78 78 88 88 98U, 98 92 92 149000 V KofO B & I 5 1921 94 lOOOWes' Md 1st 4 s 59 ltiiiu yteet unore 4s ij 75-, 664, 47A4 68 54 79 91 62 90 97 80 100 97U 87 99 98 99 94 59 77 76 66i 47 89 , 64 79 91 1 62 n o; 90 97 81 100 s, i 87 99 ; 96 99 Exchange Your Accounts For Qur Cash I1III!IIIIIII!!!M Your capital invested in vour active Ac counts Receivable will produce no further profit until your customers pay you they uo not even pay you interest. The Federal Reserve Banking System ad vocates closing open accounts into Accept- ' ances. Why not equaHy to your interest to turn your Accounts into money at time of shipment while waiting until you secure Acceptances for same? The Cash for Accounts would be of the same use to you and your Creditors as from the sale of Acceptances. The most success ful. men set aside precedent they reason things out and when they see an advantage they take it We buy active Accounts from Manufac turers and Wholesalers worth $20,000 to Sl.000,000. and let them collect the Accounts for us without their customers' knowledge of the sale Write us for details. Profit is the object of all business. Why not sell us your Accounts and make a profit on our money, while WE wait for your custom ers to pay? IlilllllllllliiilTirillllililliiiliilllllllllllllllllllllilllilliillliillllllililllillllill iiil Business Men -i do you k'now what other nations have done to help their, disabled Soldiers and Sailors? This question will soon command your attention so we have issued a book let on the subject based on data received from Brit ish, Belgian,' French and American sources. ' Over forty pages full of practical information. v You may have a copy if you ask the 94 aTA " ,i H e-nrf i'rtjja""! f'j ITt 1 eii.-.. . . 'e!a 1 gjfS4gUjt)yg nnnniiiiiBHin Commercial Credit Company Cash Capital $2,250,000 Surplus $375,000 BALTIMORE Represented at PlflLADELrHIA. 513 stock Eichanx Bldj. (Phont Locuat 910) NEW TORK CJNCIN.VATI CHICAGO BOSTON imaiammi Corn Exch.nge National Bank I Philadelphia ' 4 :O0Es.Ts1VT t Seconr 1 f I I i M - ?t i I ,N7 tl W y; SA-4 tXi-1 iUi-f Wj 'jt "nr. Ufi'T ei wvmu mro I . r kf nter:?.i': UVft a &tts&w .- riH,i- ,- ;t.i-r 1 - e ..i ' ,&&t x s'e Tf-1 tt .. .! '.i- vial .37 , -tj5- Hr-v - t2
Significant historical Pennsylvania newspapers