Immil"'!r' " w' wwir$?& MS 30, 1919 HAAS & CARR $ in ms Public Accountant Specialists on All Income Tax Matters EVENING PUBLIC EEDGER PHILADELPHIA, WEDNESDAY, 'APRIE newsof the financial' world new york andpMiladelphia stock prices PENNSYLVANIA BUILDING Spruet 013 rmi.ADEi,rillA. 1'A. f- jV Bar r So,fc- 2 M. V' guarded C N row ft" S Ffcuri-tics A. STONE & CO. Wdener, nitU. I'hlladelphli' B: -Tj in nK.rmiJir..-wii'i' 1MEJ4TMKS1- U. S. LIBERTY BONDS $50, $100, $1001) B0CG11T. SOI.D Kewbnnrer. Henderson & Loeb Hill CIIKKTM'T SSTRErTT Member."1. V. "nrt l'h. """'' "'" V WNAXCIU. y- Annnnl Mcctlnte OFFICE OF TIIK l"MT;" '" - VV. corner llrnail and Arch ste i-hli,,l.lnh In- Anrll 14. mil' The annual meetln: "f 'J1' "''V" SrVR held t thJ ini?- r !- ; .jinrthivesl corner of tlrjad '".J'-'V ",2 'IWnXin' v r'an HSllJn tttf'h" Via Vr?Ve.l"-nt and l """"h-? ha" irom p. . "'"JiV. . at. 1119. "W W TlFlRAS S-rrU,.r tor until 10 llldfnd THE FOURTH VTRF.Kr N-r,,V,',"iV rhiladelph.a April - 11" Sf.ri'i?,1. Lrt nroiln V -. non -""'.'"" ." - J nM j. nnn oon ion nun pmlnnuai . . . i. - . 1 na- 1 a vert M divld.nd of elcllt (8 W' -',I;,Rm M " to stockholders of record at 3 n. m Jla 1919 At Ihe regular mctln (if the Beard or OtrYctor.. "f this Bank held this day. , a r.'i...,i .luirt.nrl of ten per rent (10 ! was declared, free of tax and parable May 1 JL" ."1,'KSt.Vi of record at the does ol SilnSr Aorll 22. 11- Checks will nailed. cnARI1!.g M ASIITOM. rashlr. 8COTT TAI'rJt CO.. lont A Urket . Oheter P April 2Sth lOI'i , At th- rrsular menlnit of the """ "'iStrOns: D reotora nr tni ompanv nCi.. ....- " i ii..nniiai HliMfjiil of 3Vi. w derlarert I payable Mav lt. 1910. to lockhoMer. ol record nt the rlose of h-Klnean April 30in, 1019. Check" lll he rnetieo be STEEL DECLINES SHARPLY, MAKING MARKET IRREGULAR Selling of I stial Lcailrr l.s Heavy and From Important Sourvcs. American Foundries and liidibers Strong Nrw Yoik, April .'!0. Tlio "tock nuiikpl hiis rnlkil mi nil Ihiiinuli llio ilny In lnnil lint nuit lio irgnnlocl ns ilio trnrinj; iiwn.t of Strrl i ninmon, the chief iijiliiviilnl nf (lio wurlil. fiom il lone ninintninpil position of tock innrkot lcnilrialiii, n it iuut lio poiipinllj nmlriMnnil tluit, illi Ilio Hlvldrnd rriliicrol to ' per i rut pop niiiinin lij tlio iliripplnc of nil cxtin piiy Jiiont. tlion1 no Iiiiirit ois nny iiicpnthr for liiilli-.li oporntioii in tlmt iniliitfinl iiic niminil pin. 1'ioni now on it is to bo nssiimod tlint tlii slock ill ho iiiotp dolim'telr Inkon lis n Imnk nvol nnd lint lis it stock in vhlcli sppciilnlito oporntioiis tuny lie conducted. Tills mni Imw horn "tlio chlnf pillpop of tliosp in nut rail of Ilio innnnco tnonl in liikliis; the ilrnsfic nctlmi hiih mis iinnoiini piI Inlo yostcidHj, and it tiin.t lmp lipcii Ihrir ipiip to lime if'.'iihillc oppintioiis in it (jiscon tiniiPil. iinikinc it dpppud holh on iinpslniPiit dcninnil op liniiiicinl ip iliiirpniPiils fop its ninikol ncliiili. Its miutm- HuoiikIioiiI Ilio dny ns ppifrcllj mi t in ii 1 . in ic of the now ilividptid conditions. Sa-lliiij; nnlois niciiimilnted in l.n-Rn olnnip met night nnd it ns siippliorl in Ihirp lilock liy Shrnrsnti. t III mm 1 1 1 A. Co.. mIiosp Miles throiijili Iho dny must Iiiiip nmoiintPil to nt lens) 100.000 shnics. illi this soiling thp ilPtrrinlnitiR fnctop nnd hoing effective in forcing its price down ns nun h as A points, from the tinnl miIps jeslprdnj. Other issues, nfler the rli f fen niimitps of linding. neip iriegnlnr. ith ninnj stoi ks innking ndnnces inimniR fiom 1 to 111 points, but the ex tieme gain n ninde in nn innclie spccinlly. .Miinhiiltiin Shit I AniPiienn Steel Foundries niotcil willunil ipgnid to Ilio ditidpiul le liiicijnn. iiihnnidng neiirl; . poinls o nbote 101 nnd innking a new high record. I'lilled Stales Ituhber lose moie thiin 7 poinls to !i."i nnd ill the filiHl tinding n long lis) ,,f (M ,s eie bought itli n good denl of igor. the niajnriM of t lio issues trnded in ending (he dm with some nnioiint of gniu Tlic inosl inipnitnnl fenluie of Hie bond innikel whs the ginning de ninnd for the Liberia issues, nil of those bonds allowing n pionouiKod im pimenient in llieir mniket position, with the fouitli -1'. "hieli linve been moving up Mendilj in the Inst few dins, selling nboie ICII. 'I'lieii' nils n good demnnd for inilroncl bnnils geneinlh nnd for ninny of the industrinl issues. ImiI finding in those sdMirilies wns snuill ill olunie beenuse of the limited .pi DROP IN STEEL FAILS STEEL INDUSTRIALS TO EFFECT ILL ST, ARE ACTIVE ON CURB NEW YORK STOCK SALES Philadelphia Stocks 3H ft a :ii ftS'i Pl'a Preilou A,la,. t. c,'"' "lh Adams Etpresa . ap; a'a Arlv Humely pf f.lj f,j AJax Ilubber . . , nil. oil: iiiiHia u .Mines . ;)i I Alnsku. Juneau . . " Alllp-Chal .Mfr -iui Am Aerlcul Chom.ins',- 113,1, no" 111 Am Ac I'liem of inn 111 ueet Sugar . T7' Am Can -(1i Am Can pf . . . ioi.. Am Cap ft IMy . j)5' a -Mil 'Mr Kiiv pr 11,", Close .11 1 :i's 3Si rrevlour , . cloe Hlah I'0", Tlnv PI Am 1iar1in 1 ltl'. lO'l Roy n N" V aharea. lfri 109' i lp6.' SO US', M'a 14 SO 3'i l)4j Am Am Am Am Am m Am Am Am Cotton (ill Am Prug Sjmll . Am Kxpress . Hide Kea . " & I- Pf .. K'p . lyoco pf . . International Unseed I.lnteed pf licomotle . Am Malting I Am S & n pf ... Am Knurr Am Steel Fillies . Am Sugar Ttef . Am S Itet pf ... m Sunia Tnh . . m Tel t Td .. m Tobacco . Am Tob pf new . m Woolen Am Woolen pf . . Am Writ P pf Am Zinc l A- S . m Z 1, s pf Anaconda Copper. Asso Drv Hoods . Associated Oil A tch Top el S F . Atcb T & S V pf All Coast Line . All uir & XV I aii a & w i Pr. UaldiMn Ixico .15', 13 M L'S 1 14. 1C-1 Ml 4'4 lio TCI', oh 13'. ' L'S IM,'i 'lil4'i VJ't on: i !-" -'7.' -'7.' a 11L','i' 113'. 10o IJO'i Baltlmoie & Ohio. .IS 100 114 t.'10.' US ... 104 1 ir. 10.V, 10J.' '-'0i; . . . 100.', . 07; i It" Wi H'J.'i I., S." !)3a SO.' a !I7'-j Ufi'i 71.'. nj'j 70'a' I04-, M'a oVt "74 '4 -1 10P, vn'i .V17, '7H4 12U IOV4 10-1.', IP.-i 12!).' 1 lOl'ij 10C. Go1 3 (ill Il'a M'l 02 41'. II. '4 i.r. t'.l'i 4i'i !M (I. of I SCOTT Treasurer . I s BIG DROP IN COTTON ON GENERAL SELLING Heavy Selling Gathers Force as Stop-Loss Orders Are Uncovered New York, April 30. Cnltnn opened wwy at a 2 point advRncc to 'J.' points decline. At first, there wai moderate huying on the unfavorable weather over the .entire belt, but this demand soon gae Tilace to heavy general belling Mhieh ikt Klthered forre as slop-loss orders Mere 3i!?. iinnnrarAil nn n ci.flln il.i.vn nnil orieos JTvere soon more than $3 a bale below ''Tuesday's clove. The early break soon extended to 27.00 for May nnd 24.3."i for October, on 7." to SI points below lnt night' cfosing figures. Selling was active and general on this decline which carried prices about 100 to 120 points below the high records of yestprday morning. The break was checked around these prices by color ing in advance of the weekly weather .report and there was alo trade bujing. Offerings increased on rnllies of s-oino 25 to 30 points from the lowest nnd It teemed that such bullish features ns were contained in the ivecklj repoit had been discounted. Receipts at the ports foe the day aie estimated at 2(5,000 bales, against 1!l, 752 a wook ago and G4S2 bales a year ago. 01. n sryi.F. Todny a 1 1 nil Spots and Stronger Groups Not Lacking Rails Are Sluggish and Heavy Oils the Weak Feature in an Otherwise Strong Market. Cramp Moves Up Nay Juh October December Mav . July October 'December. Testd's i lose Slnrli sales lodaj on the New nilt evhange Inlaled I.TS7.3HO shares. New York, piil 30- The New Yntk Kieiiing Sun's huniicinl ieiew this nfleiiionn is ns follows; The pticp of I'liiled Stales Sleel (oniinon stoik bloke mound I points, to cloe nt '.17.. in todni's Mm k ni.nket i ns the result of nn nc iimulnlinu of I bu.iing niders oer night, following the nclioii of the diieilois in disc oiiliuuiug ! the exttn iliiidend al ipIciiIbi' meet ing. Kill lliis nioieineiil of the trndi I ion.nl lender did not nt first gientlj itllllienee the I es cf tlie is. The liisl half hour was inegul.ir. iiith some issues displaying pionouticed slienglh. Sleel itself rei'oieiecl to some extern onlj In slip nwni ngnin in the seionil hour In tin- sec nnd pt back, snftic ienl selling piesiue wns exeilecl to fence a epiite geneinl de cdine of 2 to : points. At noon, lion eier. evei .1 Ihing but stef-1 shaics began to make a showing. It wns i nmiuMitPil upon Hint the mniket seemed lo he mliie on th" de eliue. ii ircuinsiaiic e icgnided ns sig nitieant. beenuse in n bull niaikei. ns n rule, trading till lis dull as soon as prices settle back. That is wlial has happened in the pi event maikel in Ihe last two or thiM- week-. Itul lliis activili while piicev note going was not nee osv,nil act ii il x e.clusiieh on the spiling side. Fiom the opening tinding n.is in icrj huge volume, more limn I.IOO.OIIO shnies changing haniN befoie 1 o'clock. Ill business of such huge piopm lions New on (he -enlecl dealing' c hange nl(. Apiil :). The finding 111 nnil stieoi a in , ,jj p,.p. iiiinlher shnip c-ontrast to the of the New Yolk Stock V. - instead ,,f the market beinir ing moie nnd kindiil much honor iinseineii lit tho leduction in the sleel dividend distiibuliou the chief tcol in lllistli.ll n , ,,,, .v n,tj,p nnij sliong. snlc.s n f American Sleel l'oun di ies when issued nniounliiig to moie than 10.000 shnies nnd that stock ml laiiced finin ,",!'i :!4I.,, I'l.inip Shiphuilding moved ur finm 120 to 12 Inleiioiitiiientnl Itubbei was niininep simng fenliire. ndian 1 1 oni J0'. t., '', ,, lading of innn .iiKio shnies Sav old Tno wns stning. ranging fiom IP... to 12'... with the western imp,., ests the most pioininenl buyeis. Cnddo Oil sold nl l.'.'.fTi IP',. National Trim -sil was vleadj wnli snles Ml IP.,, N"a -linnal Aniline nas in suppl.v. cliupping fiom ::.", to 31 i. Houston Oil. which was one of Ihe vtmngevi fea tines ves tenl.i.v. opened al 110 nnil had c'un k dlop lo 1 12. Aelna lAplnshrs sold al !l"s Sub inaiine Hcuit was mlive with sales at 1"''i I" l! I'niled Stales Steamship XV, I31, 1'. 74. I in 21 21 20", in 102 7.1. 22', 21 (M4 07 -in . .141J4 2' j ') 2C its HSU 'I.V., 21. 7S t.O.' . 22.-, . .'In', 11 . 70' a 43.' t 30 . .4(.. nr. S0!. . ('.J'. 10.V. 72?, IM , 32', , 7S , 1!)0 , H7 10:.'; 04 14 '17 , HfiU 74 !)2'i 4,v, 1 10' v 73 10', 47a ro'i 44 It!, OP, 13. n't H7", 142' 3 74 nii i 47, St 1,-San Fran St 1,-Sah Fran pf. St I. Snrn . ... St 1, Swrn pf. . . Savage Arm. ... Saon Motor Seaboard Air Ij. . Seaboard A I. pf Seais It AV Co Sears It A Co pf RlnclRlr O lief Sloss-Slicrr K A 1 Southern Pac do . Southern rtwv . . Southern Itny pf Standnul Milling Sl.ni Milling pf . Strombeig Caib Studebaker Co . . Stutz .Molor Superior Steel Tenn Cop & Client Texas Co Texas & Pacific Tex Pac Land T. Third Avenue . . Tide Water Oil . Tobacco 1'iod .. Tob Piod pf Transue Will . . I'nelerwood iTvpe. I'nlon Pacific Cnlted Alloy S .. I'n Cigar Stores . I'niled tirug . . . . L'n Ouig 2d pf . L'nlied Km It L'n !s Invest . . Cu T!vs In pr l" S Casl I l' & V. 73 10'1'a 21.'. 41'j 14.-. 02 S'a 2.Vt .18.', OS1. 38' - 112'i OP, in. 37' 40.', 143 (IP '.-.' . fit. nr 22t .'IfiJa 30 -M'. 73 Id' a 20 40 HO' a S0 K.'n loon 72' '32. 7S'i sold nl 2'... ancl 2''s snhl nl 31! and ::.".' IMII vrmxi.v Hul Kisk IJubliei Tire Vpiiih Kplni-e Vin-rirlt Mfa Amor Mtttcnnt Vmer V rllini; Phpi Air rierluilloii I'aiuciIMn lar l'n Con 1 ,tr A Td pfd don n I ' hdriodl iron 'lamp ... c'llrllhs Veru plane ( a 1 vhi Tool c al lion SeoJ Minfri-nri IMuinoraph llrnil.- Mfs Lake loip Ileal l.'hlhh 1 oal (-al l.i ,11 l.i 'i .1 I'. II .1 1 9t Ask :t.x no s 2'(i rj.i la , lose (sale) 2V, 4.V, no 7S4 in-, ino b'l ,'il's 74 l'12'ii lb, "l2 t0 2U llitl'a 1 17U 1 00' 2 70? 1 10V. oneo m m 01 "i. nn "ci l" -A 7 J7 nu 'x; nn :4 70 J4 on :m nn -i 50 L1 3l -i so NEW STTI.R ss a:; ;s nn 2s nn . 'j 9s i'n 117 ; so J", oil -J4 mi '.' 4 nn J4 tin S4 1111 'J4 no p in h-j a no I 'in 21 30 2 BO 1M1 4.1 U'4 .i -4 in : nn p m J 7 (in 1 1111 :m ,-.ij 2 rn jn 4j 24 .'.n 24 111 ,. .,..! .. .Maxim null loim many spii nggiPivciy. wniie 11- iiinin 1 Njl niiiiiV olbeis peiluips Inn aggies'n olv . seme's V shipiiuii.iniB .:... .1 r I,c ..II,,., .."' Ainrr Pap I'llll, Mlllllg sic, ,11, -nun- ,.., 1 , . .... . .-.....- bujing for tlie long ni count, still otheis while alwnvs llieie ate Inn must NEW YORK COFFEE MARKET New York, April .".0.- Influenced by strong cables from Brazil, the local mar cfcet for coffee futures this morning orened firm, xvith Slay unchanged and1 other months twenty to thirty points jnigner. apw urieans nrokers were, which again neavy Dtiyers ot uoeember, rep 'resenting the undning of hedges, v, Coffee mercliants who recently re turned from the coffee-growing hpctions of Brazil confirmed the earlier reports of severe damage frnm frosts and ex pect the coining two or three crops to average far below recenl years. The spot article in Rio was 3."() reis higher iand in Santos 200 reis up. fop investment those who, having sold hni I to i over. These varied fninis of activity mav not Infrequently be nil nl play nf the the snnie time beenuse the market is nation-wide in its scope whidi implies many inteiests giving rise to loiiliieting manifestations Naturally there were diffeient opin ions ns to Ihe effeit in the long inn. July . . . RtBtember October . . , December , JJeirrh ..,, Bid. Ttaterday's Today' eloa open 17.20 1 B R0 1A 111) 16.53 17 40 17 no 16 9.1 101 LOCAL MINING STOCKS TONOPAH STOCKS 4 Jim Butler ... MacXamara . Jlldway ,-Mtzpah Bit Montana Northern star. Jtrarua F.ula . . Weat )Snd .. . . .84 .7I . .4K .52 ' .U ,s, . .23 2.V . .nn .in .!' ' 1 KS . . .0". .on . .OS ,ir, . .3" .3.1 . .(12 .(H . .02 .04 . .0.1 .n . .02 .n.t . .tl .12 , .14 .111 B . .23 .27 . .r4 n . .11 s .13 GOL.DFIEI.D STOCKS Atlanta .,., nine null. .S -Etntk Wi, Dlamondnel(j' B B ; Kenanaa rn ....... .-. , Silver Pick,,,. fipaarhead ...., , MISCELI.ANEOUB 'A Ariiona United H K Vioi4 TVnnrtar . .. .. EjhT'WP tUnlnt j DIVIDENDS DECLARED i -i Kutern Steel Company, quarterly of l'i T r cent on flrat and 1 par cent on aee. ,.. Mnil nreferred. nayabla Juna 18 to atopic V .f rev,rrf Juna. ?. and ouarterlv of VI nee f ci..". .--.- ----- -. ---7.-1---, -,-- - i- - . - r cent tin common, payaoia July -ae to aiOCK . i' ot reeorn J1117 j. ,w Tnlenrf Rteal CiUTiBllir. fiuarterlv nf i Mr canU payable Juns 3 to atock of record ViV I. O' White Knelneerlng Corporation, ;'ouartrly t Ifi P'" nt on preferred, pay. nblaJuna 1 to aioric oi recora Any ia. Cfeacent Plp Una Company, quarterly of aJliwnty-nvo canta share, payable June Id M stock of record May J2. 1 8ivae Arms Company. quarterly of 1 siMUMVt.on first oreferred and 1H per cent a.t,cond preferred, and 1J4 per rent on etsnaaon, , payable Juna 15 to atock of record MSO BUTTER AND EGG8 Mil 30 BUTTEn Receipts, (r. siura, wc; firsts, eH MsrMPSSi 4 i. .('' m the poor earnings showing in steel nnd the elimination of Ihe- extin dividend would have on the test of the list. Those who exped Ihe bull maikel lo continue were pleased to see the slinking out pioeess in operation. S. e nervousness had been felt nbout the market getting Inphenvy and a setback without a bad bie.ik would, in over sense, be comforting. I'.ut 'theie weie not lacking strong spots nnd strong groups. The motois were strong, and i were Ameiican Sumatra Tobacco. Aineiican Agricul tural Chemical. American Can. flood rich, Kelly-Springfield Tire. Kevstone nnd others. The'oils. while le.ictionnr.v , were less so than yesterday. The rails were sluggish and a bit heavy. Aside from the influence of the steel meeting, news developments weie favorable. It was felt that Premier Orlando was in a more conciliatory mood and that l.lojd fieorgr's advice to him nbout Kiume would bear fruit. The Japanese question over Shantung wns reported adjusted, and I.enine was rumored lo be in flight. There was definite improvement throughout Ihe industrial list in the last hour. The steels were more backward in recovering than the other, but I'niled Ktates Sleel managed lo gel above OS. The most spectacular rise was In the rubber and lire group, I'tiited States Rubber running up to 13, a gain nf more than seven points. Liberty bonds were firm, save the .'tUs, Theie was a sale of .f."i000 I'nited States. Gov ernment registered 2s nt DOs. up ':' from the last previous sale. The Iron Age states that business in ieveral finished steel lines lias taken u start in the iast week, but it cautions against an ernggernted idea of the amount of It, the comparison being with several weeks In which buyers were merely looking on. Producers see little indication of good business Inside of two months and some expect no con siderable improvement before foil. a foreign exchange, francs and lire were firm. Sterling nnd neutral rates cased lo some extent. Cotton, corn and oats wero heaT.v. 'J'odaj -was the last day in which the yjd in.... ,. .. n i it t.. jKJff VOlioo yonirVsr(cr aojniv au. f It ix Klevatur Peel less Mutni Pititle Kmr S rlpps-Hoiiih Standard Mnlniw Meel tlos Viihmai hie l-wirt Intel natinnal si Joseph Lead 'I odd Shlphulldiiii; 1 1 tangle I llni 1'nlld Profit .sliaifnc- r S Siwiinnhlp 1'nllPd Motoiii Win Id rilin V HRht .Martin Vir VI IM) Mill Oil, Illinois llhlci Prairie Pipe S 11 a I vl (I -N J S ( N V IMlhl'KMIKNT III Ha i iil t (nl Ar Cas I'umnioiiuealth c'o(lu A I'll KM. tlaMM Federal Oil Inter reliuliiin llolialon Oil Merrill Oil . Mldnesi Hefinliis Vletlo I'etroleillll lllhlo Cuel siaimlpa Rednlnn: I Senuov Th SlnelBlr Ulund Client ock ... W is n 'a 3-"n 43 ll'j lid 2', 20 12 104 ir, i.. I cl 1H', 13 3.". 41 .vs;: llil 101 . 17!C, 1ST . 90.' 4 . . 'J0.'4 no' 70'. 73 .108 W !.14 13'. 30-4 . .".P. . o.', . 40':. . Mi . 20 21 Qi, .132 131 UO 4 1', 42', 40 .12C120', llivi . 2l'0i 20',' 20 .' .13 o2,'v 4'J 03', IT a 30.' 33' , 4')' j 4 02'a 42', 3!l' .12' i II) t 25' a 77'j 06 22, 30 '73' 42.'. 2S) lo'j no1, 7V, 01-, 1005 1 70 3 2! 4 7S.'a 102' , H.'4 12 i.b' 20 17", mn', no1 5 2', 10s y'2'4 42'.. 3'! 1 O.J.'i .12!, 49', 1 20 l,II)'4 41'4 US', 20' , iti1 3', STOCK. IV2 is; 3K7 3'IJ 2S.I 7IS 3S1 27s 71.1 3sii I3V 41', ' n'J in nn, 's 3. 2ll'a 311 inn Mil', 31'4 .IIs, 173 171 21! 2"a 2n 2.1 S V, A 14 ll'j, '. 3 J, .72'' 2j 5.' S'a M1MNC. STOtlvS Allanla. . HIE l.edce . . , IJoetnn A Munlana HO Hulle e York Con Ariz 1 CPU. Jeromci Kllal .Vational P. (loldHeld Meriser - .1 lloldlleld Cone .... 17 (ioldfleld Florence 3.1 Ooldlleld Kevtanas .... 4 (Jreen Monater 'a llerla. Mlnlns . . . C Hone Sound . 3s. Independence Lead .... 2 lerome Verde aB .lim Rutler .lunibci Exteneioli .MeKlnley-Darrash Matrnia Copper . Mother Lode . . Mines Co of America Nevada Hills Nevada Wonder .... . n aalnz Ohio Copper ... nay Hercules . . . Ra n Toy Tonlpah Extension rolled v erne Weat End Con .... White Caps Yerlnston n ni)M ' Bethlehem 5" Hlt'a Coaden Oil Ha . . n.1 Coaden & Co 6a 03 Cudahy .la.. 102 ntiaalan Oovt 5'.a a 40 do fl'is nn.. Southern Itallway Si.. ., BO'a Huielalr Oil fla 101',, Todd Shipbuilding 104 52'-, I'a l'i 43 ll 5' IS 32 1.1 IS JMI 2S 30 411 11-32 34 1.1 42 7 -A 3 l'i 2.1 37 ini". inji, .11 m n 9', ins tin -M! ill 27 Cotton Buyers and Sellers New York, April 30. Old Myle July Orvis bid ; Hyman offered, October Hartcoru and Cuppla bid. New style May Ilanemann bid; Kleffer, Mitcliell and NcvVirtan offeied. October McKenna, Nevviilnn, Rior daq, Hyman and Mitchell bil : (iifford, Ut Hubbard, Sellar McOee,, Jay, Vpiing, Vachsman and lcKuaiiy of- feracd. e.,.-i Ballo & Ohio pf I Han ell Co .. ;ipt' Ml l.'O 120 i Hatopilas Mining tieiu k iiass u . 7, 7p 7;j lictli .Sleel 8r tif in lin 100'. Hootli Klsheiics . 21 ' 1 ' , 20'4' iirooic ic Iran H I! T cfs or clep Urtins T & tl see Bums Bros . Hi'2 102 ,W, 15V mum cop & zinc Butte & Superior KullerlcU Co . Cal Packing . IM4 0P4 W. (VI ' ai reiroietini . . . ''al Pel pf .. . Case (II) Co pf. (Vr-Teecl Pdcts . Cei to de Pasco C , Chandler Motor Che ft Olllo . j Chi & Alton , Clil (ii Wetein . . I Chi C W pf . . . i ('111 Mil & Si P. . ciii mii s si p pr t'lil &. wrn i Chi It I & Pac .. i U I A V 7V pf. C It I P fi-e pf. Chile Coppei . . I Chlno Copper . . . c c c & st i. pr Cluet Peabodv Colo Cuel & Iron Colo Southern Colo So 1st pf. Col Ons S. Klec . Cnii&olldaled Oas Continental Can Coin Prod lief .. Coin P lief pf Crucible Steel 1 Crucible Steel pf. I Cuba Cane Silgai ! Cuba c S pf . . Cuban Am Sug . 100 102 Deere & Co pf Pela & Hudson , Den iv Ilio Or pf Dome Mines Dul S S A: At I Dul S S if 7 . Kne 17 17 Kile 1st pf US',' . Ked Mln & Sm . . 12 12 Ked M & S pf . ,1S . Kisner Bodv (,n 00 Caston W & W .. 20.'4 20' (Jeneial Cigar . . ,"734 u77. t Ceneral Ulectnc Ceneial Motois Hen Motors pf Hen Motois deli (iood (B F) Co Coodrlcli pf ISranbj Cousol ilr .Northern if C X cfs fot oie p (ireene-Can Cop Culf States S . . Haskell S. Barker. Inspiration Cop . Interborough Con. Inter Con pf . . Internal Agiluul Inler Haiv new Inter Mer Mar 1 Inter Mer M pf , Internal: X'ckel Internat Paper , Inter P pf stpd . . 7.1 Iowa Central . 4'j . i. lew el Tea. 3S!t 3S Kan City So 23 221. Kelly Spring T...12.1 127'i i Kennecott Cop ... 32', 32Ji I Keystone T & K .104'. 10S!i Lack Sleel . . 72 70 l.aclede Cia.s U0'8 Lake Krle & Wes. ', ' l.ee P.ub & Tire . . 32.'4 34 ,tj ,-?( i I.ehlgh Valley ... .ij', 5o'a .13', .1i! I.oose-Wiles Bl . .13." 1arlin-P.oclwell 74 S0'a 77 Manhattan Kiev . 7t 74 7t Manhat Shin . 10.1 llil 10 Maxwell Molom JO1, 42 ,'1!" Maxwell M 1st pf ('l 70' i 09 Maxwell M 2d pf. ,T2 ;!2.'4' HP,' May Dept Stores. S.1 Ml So', j Mexican Petrol . 170 J77'' 173J4 I Mexican Pet tit . lOOU . . Miami Coppei . . 23s, 23', 2.1Ji Mldvale Steel ... 40 40 Ao M1nn - St la new. J', 11.', p, Miss Kan & Tex . 10 ll a! .Miss K & T pf .. 17 17 10.'4 'Mlssouil Pacific . 2HV 28'i 27'a ' Missouri Pac pf . 547t .14.!,' .It, (Montana Power . 72 7dJi 70! a N'at Acme 37 37 36H i Nat Cloak & Suit. S2'j S-l'i 8t Nat Con & Cable. 10.',' Ifl's 19 I Nat Enam & St . . 00?, OP .19,', Nat J.ead 72', 72.' 72 I Nat It of M 2d pf . 10'i 10', 10',' I Nev Con Cop ... 10 10', 16!, New Or T & M . . 3a ill. 32 V y Air Brake ..109 109! i 10') X V Central .... 75'j 7o" 7.1 N y Dock 20 205, 20 V I' Dock pf .... .12 .10!, aO'i S V N H & H ... 30! 29'f 29J-J N y Ont & Wes 20.' , 20.' , 20'.' Nor & Western . . lOoh 105 105 North American . .wr Northern Pacific . 03 02t' U2.'i Nova Sco S & C . 02 645, Ol.'f Olllo Cities Cas .. 44!i 44H 42!i Ohio Kuel Sup . . 50 MH 50!j Ontario Mining .. " 7,'i 71, Okla 11 od & H.. 11 11 103, Owens Bol Mao . 54,' j 5l!t' 54W Paclflo Mail ..'.. 39 39 37 Pac Tel & Tel .. 27' j 27'i 27,'a Pan Am Pet & T. S3 83!i 81,'i Pan AmPiT pf.U2!i 143! i 143 Penn Jtallroatl .. 44!i 44!j 44J, People's Gas Chi. 48U 48) J 48), Fere Marquette . 10 17 10 Philadelphia Co . 42 41'j 30)j rierce-Arrow .... 50iJ 52.'i 60!i Pierce. Arrow lit.. 105 Pierce OH 25! i 25.' 24ij 25) j Pltls c C & St la. 44 Pitts Coal 50 50.7f 49'f Pitts Coal pf 87K 87 87 Pitts & West Va. 38X 36!f 38 Pressed S Car ... 74,', 745i 73.'t' Pullman Co 1S1H120 119 Punta A Sugar . . 59 68!,' 681' Ity S,teel Spring. . 87?,' 87!f S6)i llay Cons Cop .. 20! 20M 2iJ, Readlnr '.-. Wi Mi 3'' Reading 1st pf.. 30),' 30U 30 Rep Iron & Steel. 82!i 82M 00 Rep I & S pf ,.,, 10-3! .,, ... l S l'i p & K pf. C S Kxpress ... . I' S Kood Piod . . I S Ind Alcohol . V S ltealtv & Im. I" S I'.ubber 1' S Hub 1st pf . I S Smelt K M. I' S S It M pf. I s Kteel C S Sleel pf I'tab Coppei I'lau Securities . 1 Vti-C.uo Chem ' Va-Caio C pf . , Va lion C v C . I au,ihrt ! Wabash pf i Wahash pf Jt Wells Kaigo Ex j West Maryland . Western Pacific j ....oit-in I'ac pr Western Union T. I Westing 73 & M . I White Motors i Wilson ft Co I Willys-Overland . I Willys-Over pr Wool (K W) Co . .); I Woolnorth pr . . . ,i. I Woi tlilngton P or rump pi v Wor Pump pf B . 20! 4 32' 4 IS 32 .11 7'j 0 l'i IS7 120 00 .13' i 107'a 2SJ, h-stj 140 03', V1H 7o!s .18 3h4 14, 226 44!.' 33.1 134 23.1 .SO, 101 Wi ir.2'J lill'i 40 I32J. 1211 110 171 1.1 204 21'. 02 24', 70). 1.12 4.1 S7V 112 40s, 10' a ion. 1104 70!4 17'4 O'J'-l 1 1 2! 4 on s. 32! j 20 .lit 10't 1S 15s a SO.', .IP, .17' , S2. 32', 100'a 120 nm. (!, 07 21' 32 0 l'l'i .10". .V." . 2v'. OS', 01'4 n' 77 , fO 37 lt)a 220 4. I!, i(S1 2.10 S7' 100 47' 101 131' 4 132! 10' 30' j S'. 1S4 flOe ins;; lOSJ.I 2111 1 32 'I v.'. I-OW, Close ii-; .1(1 Am Cnn. 043, 02 Am ;as. tWVi 0 Am It pf fi.1 200 Raid l.oe 11114 20 Cam Iron 4WS 111.1 Klec-Stor 74 100 (ien Aspb pref ...ion 100 loo Net chse. '.. 543i n."iH r.2.. (13 . Oil l m-ii' nti ift IO-'h 40-!r4; 73, 73V4 1V4 IVj 100 fien Mol.182'-.. 182,, K22i) '4 (12'v '-"' 105'. 100,'a 28! 28' j OS', d"i OTa 03' 4v!a 43' a 75' a 7ii4 .17'. .IS.' i)7 37'.' 141, I4' 221 "4 2! 4 4s's 3S.1 38.1 2!",0 230 S.V, W.'i 100 100 17' 47.'. 101 104 130 130'a 4,T Ifl'ai MO'a 1314 I 171 l.1 2s;, 24." a 02' a 24!. 70'a Kil'i 43 01 ' 112 4!l' 00'i 117 70 17'. 03', 112' j on S'. 32s a I9' IS SO .12'. .Vl' s.1,'4 34". 07' a H7' 77'. 171 ll'j 28' -a 24; 02 21.' 4 74'. 1.10 in 87s IIIs, 49 'Oc'4 no4 17! 4 Ol'-. I 12)2 00 S, 32' i I9' IS Sv IP.' 4 fiS'. S2't 07' a 07' 2 171 l'"i 28- i lA'i 02' , JU 77.' a 1.10' 4 I.I m.'i up. 40 (13 I C N A 1100 l.k S Cor IISLeh N'nv ltd I.eh Vnl. 70 I. Schuyl 7.Minehill. 111 Nor Cent 10 Nov Cons 00.1 Pa R K . 30 Penn Rk.2S0 20.1 Phlln Co i mn pf, 101 Phil Klec Mil P A W pref . . 101.1 P It T t ( 110 Philn Tn (i.1.1 Toil Mel ."0.1 Ton .Min. 25(1 In Trad 122 V r, I... 204.1 I' S Sleel 10 W .1 .1 S 22.1 IV fVmp.122 (1 Vik Ity pf 31 .1(1 Ifl", (17'i 5.1 1 4 42 51 72 '4 1(1 .17 25-k mu (17 '4 r.r. 4i'-i m 72 'i 1(1 44".. 20 37 25 ' 2!l',a 24 's (17 3' 4 3 1, 3S ' (!SI4 07 ' ... 12 120 ill BONDS llllth Low 0 1 w-i ' 07'i 65 U 42 -f 51 72'2 10 . . 44- 280 .. 37 4'. (11 .".'4 3's OS'.'. iin'j 12 20',.. 2!f. 67 .. 3'4 s .18 -08U n7i-.i 12 .. 121 -31 . . LOCAL STOCK MARKET BROAD AND MOST JSSUES ARE LOWER If ide Decline for Steel Common Brings Downward Movement for Other Stocks Rapid Transit Holds Firm I railing became much blonder on Hip I'lillndclphln Slock Rvrhnnge today, bill while several nf the usual local lenders showed fair nclivllv. Hie wide de cline and momentum of I'nited Stairs Sleel common had n lind efTocI on values, nnd nearly nil changes were to lower level. Steel sold off as ninth ns .TVi points, reflecting henry unloading on the New York exchnnge, due to the discontinuance of exlrn dividend disbursements, with the greatest hiss recorded In the lnt halt of the session. I.nke Superior Corporation vvn nnliirnliy influenced by the course of Sleel, hut il did not develop special weakness, although loner.' nnd llnlilnln Lorn inotne, on moderate tiansnction. o only a little moie than I poinl, Kleclric Storage llnttery wns slow, ns innipnied with its position enrller in Ihe week and yielded more than 1 point, (ienernl Asphnll preferred declined 1 1t,, Phila delphia Kleclric n trifle, Philadelphia Comptiny cumulative piefened ', and ttlllinni Cramp coitih'catcs Inst ns much as 1 14 . Il.ilh Tonopnli-Ileliuont mill lonopnh Mliftng also shaded slightly. Rapid Transit trust iprtilicates held their firm position, unci on n fair turn over advanced sllglilly. Philadelphia Traction wns sternly, but I'nlon Traction reacted n little. I'nited Ons Impiovemenl wns stendv, York Itililvvnv preferred unchanged nnd I.ehlgh Navigation declined ,. Pennsylvania Railroad lost n trifle, as did Lehigh Valley, bill Northern Central gnined . nnd Wesl Jersey nnd Senhoie iippeniod ill its previous closing level, The fentllie of Ihe bond innikel wnv he nclivily of foiirlh Libel 1 -Ills, vvhhh weie loner. The third Liberty 4'is also declined, hut were slow. s.'D 2 Oil', 02', ClOM Net eliae. (12 02 1 1. 07' 2 117 i 7.1.' 4 17.'. ii'tv. I ,M1, 1 Ml 00 ' 32' j 19, flOOOAm linv sKI 5s SiPj SiPn I 1000O El & Pe Ir Is. . Oil 1. 00 00 1. SHOO Lake Sup inc us IIMMI Leh Vnl I ( on (is 102S... lol 1, 1. HI I. Hi Horn! 1 .'I'-js... OS. 10 jiS.-IO !IS.-,ll.. 1000 3d 1 i4s 0.1.00 01.011 IH.flO .3(1 2.i(l 2d 4',.s K.,-,0 03.40 03.50.. 4th I '4 03.84 03.1(1 03.40- .10 "id. . 101 I, 101 1,4 Financial Briefs is 'SS4 ,in, .VI S24 .13!. i(l 50 l.sl Is. .101 Ml Penna Co I em ets 2.100 Phil Klec- Nt Us.. .KHHI l'n Kvv.v I iiv 5s.. 2000 Welsbnch ( 'o 5s . . , A specinl meeting of the stockholders of the Central of fioorgin Rnilrond I called 'for Mnv 2S. to vote on n bond issue of fiom $50,000.(100 lo S75, 000,000. Chniles P. (Jrnves. secielnry, said that proceeds will apply lo lellie inatuiVng bond and for improvements. The nnniiiil lepoil of the Interna tional Mntmliiiik Corporation nnd sub sidiary companies for the year ended December .11. shows n net piotil for the year of .fl .21.1.771. compared with net profits of $1,127.00.1 for 1017. 115.50 115.50 115 1 s Liverpool Cotton Liverpool. Apt II 30. Spot cotton was quiet -today with prices easy in Ihe bnsis of 11 decline of 27 points for mid dling, old nintrmt. nt 17.tld. Sales were 0000 bnles, Receipts were 22, 30(1 Imlev, nil American. Futures were quiet in Ihe early ilenlings. Spot pricfK were: Aineriiflu. middling fair, 111.85(1; good middling. 18. I2d : middling. 17. lid: low middling. 15.80(1: good ordinary, 14.2ld, unci ordinary, l.l.OSd. 05'. 01 ns 03 'i. OS '1's-l- !'1l 72 0v . . The AtneiMini Writing Paper Com ' pnnv reports eniiiings for the year end 'etl Pecenilier .11. surplus nfler ihnigrv :!v nnd war tuxes. SI ,252.2!. equnl (o $10,021, shnie on $12,500,000 preferred - stock, fteninst biirplu Sl.i0.28i. $1.20 n-r'sliaie. on the preferred in 11)17 MONEY-LENDING RATE3 r.x dividend Pullman Companv, 2 S;ais Boebuck, 2, Norfolk and Western pref. 1, Colorado Gas and Electric. 1. Tobacco prer. I '4 Vetc York Bonds I'ndnv minks the tenth nnniveisniy of NKW YORK Money on mil. mixed the examiner v clepnitmetil ol tlie i nno (ollnleial. opened today at 5'' per cent delphia Cleniing House Asvoeintion. for lending and renewing. On nil in- 'The department wns orgnni.eil in Apiil. dustri.il collateral, the opening into was 1"0!, and examinations began on May ('4 per cent. 1. mnn. ' Theie weie at ihal time The ninrket for time monev shows thirty -nne bankv n,eniliei of Ihe nsso no development of interest, business be- 'in'i"". Since then seven trust com ing confined, ns heretofore, tu moderate I ponies have joined. The thirty nne transactions mainlv forsixtv nnd ninetv banks and seven tins! i oinp.inies vvlileli men ..I 12' a 5s. 117 5s ",0 "', ..103' 4 .. S2', 5s (14 ' j 4s SO ' 2 .70'., ss n.i' i IV 77 74, OS ' !I0:', 0S'4 SI'.. 30 81 as 3S 3S 21'j 2P, 123!i 124', i 32 32 101'i 100 70 70', SO'i 74. 113 41 O'l 32.' I SO 173.'' 'i'j'i 43'-. in. 9'j iw 98!. ' Mii 701.. 36! a' 8P, 19.', 50 72'4 10S4 10!. 32 109 7.1 29! a SO'' 29', ai,1. i lOo 9JJ C4', 43),' 60)i 7', 10'i 54!i 37' , 27'i 82.', 14'3 44Ji '8X 17 41 iOH 87 30 J.Ai' 119 68,'i S7M b-3?,' 30 w I Kale. In ' J 1(11)1' I 50 A me i- Agr 5s 35 Auglo-I'iench 1 A mer T . T 2 y (is 2 Alt hison Is . 7 Unit & Ohio , 1 Unit A. O cv I'js 77', ; 2 Uelh Steel 5s 30s 85 i 15 Hiook Rnp Tr 7s SO 3 Can llovt 5s 1021 !l7-'s 1 do 102(1 n0's 11 Chile (is S7', 10 Chile Copper 7 . I I7:,s 15 (' A. O cv 4'aV . ; 1 do 1 5(1 do 5s I IS Chi U & Q 4s .. il'JI&Sl1 cv 5s 7 do 4'js 1 Col Indus 5s . . .' 3 City of Paris 0s .1 Pel & Hud 4 'as. 5 Den . It C. 4s . 2 III Steel 4'2s.. 01 Interb Met 4'-js. 1 Inter Agr 5s. . . . 2 Kan City Tor '305 Lib llond 3' 471 do conv Is. . 135 do 1st 4s. . . ! 1084 do 4'4s .... I 10 do 1st 4'4s., 444 do 2d 4'4s . 20.10 do 4th 4',s. 2 Mo Pac Itny 5 Mid vale 5s . . 2 Mo P X I. 5s I 14 Mo Pac gen i 14 N Y C & H 0s. n7s8 2 do 4s 83 i x y c 4'4s 'fill no'., 3 NY X II & 11 fls 81 . 12 X Y Rwy 4s ... 4 is, 1 1 do 5s 12'4 1 X V Tel 4'-,s .. SS34 1 Penna l'.,s 1021 !mV8 2 do 5s llHtS (15 10 Pierce Oil 0s '24.107 1 Pore .Jaiq 5s... 84'i 14 Rending 4s.. t... 83 2 Rock IslArk Lou 4l2s OS's 12 Sinclair Oil War 7s 128 103 Sinclair- Oil 7s. On 10 StLlM&Gulf 4s. 75'.., H-Mouth Pac cv 4s 84' Low 2 10 1103 110'14 nots no)j nor-s nos 10.1's 1031 82' 04'.. 77", 85 SO D7 "s !)(!' 87 117 80'.. 70'., ss n5"-s 77L. 82", 04 '.j 77', 85 SO 07-s mpv S7', 117", SO'., 7m: ss 0.13. days nt ,V4 per 'cent on IndiiOrinls Prime bank acceptances are tin -chnnged. ' i Offerings of the choice grades of mer inutile paper are light. Disannul fig iii or are unaltered nt 5'4(((5'. ier cent. Call loans on prime bank acceptance ate still 4,a per cent. 1 PHILADKLPIUA Call, 51', per I cent; time u'Jj 0 per cent. Cominer cial paper, three to six mouths, 5'4 I 5 Vl; I'01' cent; six months, (i per cent. subsequently In 'nine members had total 'lesources on May I. 1000. nf S5S3. Io.13.000 nnd irusl fund amounting lo $.187,051,000. Al present the total le Jvouices of these hanks and trut (om panics, allow ing for five banks discon tinued, aie .$0.12.."ili7.000. showing an 1 increase in lesources of S30S.41 1.000. nr 03 per cent. The seven tinsf enm i panics non hold individual trust funds amounting to 8701.140,000, an incieiise 'of $377,308,000, or virtually JO0 per icent increase. 2iPtiU Can and should be 'H avoided. Concentrate .,iB your light on the road. ns. 23 ni 4s (il'4 FOREIGN EXCHANGE N'eu Vni-I.. Anrll .",0. At 1.(i.1' for demand sterling nnd 4.fifi'i for cables, declines in foreign exchange were siinun (u a,A(K nf 1'jc ns comnnred with incsuaysi opening figures. On the other hand, francs lose lo 0.02 for cnbles nnd (1.04 for i hecks. 771-.. 'eompnieil with O.O.I'a for cables nnd 77 i (1.07 ' 2 for checks on Tuesdav murn 74s j ing. " The weakness in sterling and the US', 'contrasting strength in francs nie due !)(i:,4 Ho the fact that recent buying nf sterl liSi.'jng' by Paris lias been completed. The 81'a .buying was on account of loans niatur 30 ling in London. May 1. SI-", I With this out of the way, sterling re-77-V i nets nnd francs are. sponger. Iinlinn 0 OS. (K) OS. fiO, exchange in the early dealings showed a gain of 4 points from 'Iuesday s open ing. Swiss and pesetas weie un changed. Stockholm wn easier. (Jeueral quotations were: Demnnd sterling 4.05'2. cnbles 4.00'i. Franc cables 0.02, checks 0.04 Lire cables 7.48, checks 7.50. Swiss cables 4.1)1. cheeks 4.0.1 fiuilder cables 40:ii, checks 40's Peseta cables 20.35. check 20 25. Slnekholm cables 20.75. checks 21" 74 '4 !1S1S 00'', r.s'4 S42 jna4 81 3S The .New Yolk Sublreiisniy Jst $100,000 io Hie hanks yrstoriln'v. ic diicing ihe i-n-h net gnin since Kiidnv 000. A Chicago Una id of Tiade inenibei -ship sold nt $87,111 net to the buyer, the hlghevt price on i coord. TJie Onens Mottle .Machine Company and (ontmlled mtupaiiioM i ejiort fur Ihiee months ended .Maich .".1 net ptntitv after war taxes of $52n.50(i. ecpial aflei i piefeired dividends to SI, 0.1 a vmro on SO, 501. 77.1 coiiiiiioii stock. n:!.7(! f)3.fi n:?.7(i n.i. no n.i. no nn.no n.1.28 n.1.20 1)5.28 , auto n.i.no n.i.no fl3.n0 03.84 !l3.n(i n."..i)4 n.i.82 n3.04 80'4 S0'4 hlP. I ssl. ssi.. ssc:, i 01 SK (11 n7'a S3 no' , 81 41 12', S8 !Mis !'4'S I07 841.. S3 D1 Rs 01 1)7-'S 83 nr.'a 81 41 12 '4 S8-1, !l(i !)4T, 107 sp . 83 OS's US' inn no cr .is nu ( 5 So Itny 4s 07T8 1 do 5s 03 7 Texas Co fls... 102 io p s c.ov 2s... nn-'s 11) L' S Rubber 5. 87- 10 do 7s 103. ll !I8TH 75 ' SI 100 r.78 !)3 102 nns S7rs l: no 7.1 1. Christinnla cables 25,i.i, i hecks 25.55. Openhagen cables 25.05. clunks 24.85. Ruble notes showed a rally of about a cent to 11.25311.50. The market was nominal. A prominent international banking house is reported to have been a large buyer of lire today nt 7.45 for cables anil 7.47 for checks. Sterling, in the afternoon dealings, held nl 1,05''4 for demand and 4.00'1 for cables. Pesetas shaded slightly to 20.28 for cables and 20. IS for checks. Swiss were quoted 4.01 ',2 for cables and 4.05 for chec ks. The New York Slock Kxcliaiige hns stiicken fiom the list American District, Telegraph Company capital stock and Central I'liinn Tiuvt Company, of New Yoik. certificate of deposit for stock of living National Hank of Xcw York and of Irving Trust Company, Adinit I ted to list: Central Union Trust Com? pany of Xew York certificates of de I posit for slock of Irving National Itunk land of living Trust Company, in ratio j of two shares of bank to one share of . I trust company. Substituted on lisf Meicnntile Trust and Deposit Company, permanent ceitificates of deposit fin capital stock of the llrooklyn Rapid Transit Company, in lieu of temporary certificates. Equip your car the "Osgood" way; 74 more light than an or dinary lens 910 more road light than a ground lens. Osgood Long Distance Lens Cost no more than ordi nary lens. Give the best and most suitable light. Keeps light under con trol. Flashes it where most needed on the road, a waist-high beam. A safety light that dif fuses and dims without a blinding glare to other motorists and pedes trians. Eliminates trou blesome dimming de vices; complies with all motor lighting regula tions. Price. K2.90 a Pair And I'p, According to Site Gaul, Dprr & Shearer Co. 217 N. Broad St. nlKtrlnutora Buy Thrnuith Vc Prater D i pS-2 I hnnM D is3 I "Ill-aJI 2 84", 100 07Ts ' Bank clearing; today compared with cor nn i responding aay caai two veain; 102 Inhlla 093J, Boaton 8 BANK CLEARINGS inin mis 1117 S04.nU6.K34 S11,l)7fi,.173 160,61)11.111 49,015,80(1 48,."il)3,707 6U.2US.115 I03'K 10.18 1 V S Steel s f 5.100-"8 I008 100"8 Refined Sugars Unchanged New York, April 30. Refined sugars 1 I'nion Pac 2 do cv 5s . 2 I' K of U 5'.js ii)ii) 121 do 11)21 . 400 do 1037 . 2 West Klec 1 West Shore 4s. &' 818 88 ... nn4 nsa, . . . nns IS.. Il" ' 2 4s. 701s ni"s 8S14 !1t4 nsu nn'o f)7'; "5 81 r, arc unchanged nt !)c, less 2 per cent for 8gaScash, The demand was quiet. Raws a ci linclltinffwl fit T.OSc are unchanged at 7.28c, OS'-t I D0IJ& !)7'-i RAILROAD EARNINGS UH'IBVILI.fS AND NASHVII.I.i: Increase Maich sjroaa . Balance after taxes Net operating Income Tnree nionths' srara llatance after taxes Net operatlnz Income BUFFALO AND March sroks . . Haianca arier taxes Three moiiths grots 10U R."n4.5ft2 1,1(12,974 1.12II.SS7 23,00.1.62 2 400,31 2 282,.1S.1 n4S..12.'V 92S,580 1 17.2711 1,10(1.084 I 727. Oil.! 2.3BT.060 SVSQL'EHANNA !Sfl,4n2 la.l.HS 42,000 RS.37R 51fl.4U9 "tS9.09l nOSTON AND MAINK March sross .... t4.92T.nn7 .liianai Threo months' eroas. 14,835,471 1.B71.283" MINNEAPOLIS. BT PAUL AND 8AUI.T STE, MAItlE March ureas 13.033, 5S3 1519, R0 naianca alter taxes,. 19,40.1 "333.308 Net ODeratlns deficit Kfl 4al aia iaa Three months' cross 8,999,f,81 :.4ns!929 Halanre artir taxes , 5114,940 424,197 ?vt op.ratlnir Income 301,211 t,742 CHICAGO AND EAST ILLINOIS M.rcn sross 11,8011, 857 "1294,843 Three mooths' cross. B,2,61l 698,701 VinOINIAN RAILWAT March cross $600,840 11211,0115 Three months' cross. , 2,241,889 8,245 NKW YORK. CJUCAOO AND ST. LOUIS xlsrch cross , . , . Balance after taxes.. Net operatlnc'lncome Three monlhs' gross, Balanc. after laics,, Net opsratlnc Incoma 'fCVICWT, , ne Cenrrlbnteil li National City Companj 1421 Chestnut St. Philadelphia RlWvSTl J9J.0J0 145, (.81 fafl Tile Baf X JCP 1 451,874 IM.a47 In "t"'"" mmi I "l,tl4,7r,s 24I7P'I rlraanaa. .asaaas1. "L-l 1'515-KI '(!! 1ST "-l,-"-""eSaoaBfc-iJ 4,3qi51 ,1.492.210 1 1 ILsUafk-..-. t'Ja 11 li '1 1 VICTORY LIBERTY LOAN NOTES Rats Callable Due Wa 1922 1923 LIBERTY LOAN BONDS 3'j 1932 1947 1 1932 1947 1927 1942 4 U 1932 1947 4', 1927 1942 Vi 1933 1938 4 'A 1928 .50, $100, $500 AND $1000 DENOMINATIONS FULL INFORMATION REQARDINQ TAX FEA. TURES OF THE LIBERTY LOAN SECURITIES WILL BE FURNISHED UPON REQUEST. MONTGOMERY & CO. IM SOUTH 4TH STREET PHILADELPHIA 14 WALL STREET NEW YORK MEMHEKS OF NKW 0!tK t PIIILA. SI OCK KXCIIAMUEM liOVKRNMKT SKCl'ltlTIliS HKI'AIITIIKNT TKLKrilOMIS. UlilJ.. LO.MlIAItl) 43201 KUVHIOMS, MAIN 23SI Ernsts ernst TAX SERVICE I AUDITS ANDSYSTEMS i PHILADELPHIA ' 1023-2024- LAND TITLE BUILDING. Telephone-Locust 2681 ..I'M JEW YORK 'riTTSBURQH fOLtiDO DUSTON 'r BOSTON OT. LOUIS CINCINNATI OALLA ,l7S,i '--. V- : . '.. .. r-r CHICAGO CLEVELAND DETROIT MINNEAPOLI 4 ! .jt?" f I m il ?! 'C JV ,-u vSfl m 'U i v. ,-1-...., -j ,i . ur r I w" ,..- '. tl. 2 . v 11 ' ';. J &., " . ' ' W" ?' .Mn-"" i r .." "tj U VL-msafaVilBal t F u .n; a .. , . 'j. rf.V. I'M L.y -..r. ' -K-.- iKM !! i
Significant historical Pennsylvania newspapers