- ,.-,. ' 4 EViNa- PUBLIC LEDGEIt-PHILADELPHIA1, THURSDAY, MAY 1, 1919 IcT W' y. r w sS ST m ti M w p lv. tw fer !H r i- Service anrf Stability Business Banking .for Business Men The mcrchnnt, the firm or the corporation will find this institution always ready to render personal service. Our method of doinp business creates con fidence amongst our clients. We offer an invitation to test our modern bankiiiR facilities, courteous treat ment by employes and the counsel of officers. Integrity Trust Company 'Fourth and "Green Streets Capital zurpiu & $500,000 Profit.. SI. 6 10,000 FINANCIAL MEWSCLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS READJUSTMENT PROGRESS MADE ON NEW YORK 'CHANGE Market Irregular, Due to I nscttlenwit From Discontinuance of Extra Steel Dividend but any Stocks Advance, High Points in Todays Financial News The New "i ork -tock market iecoorcd from shock caused by the discontinuance ( etm dividends on Steel common. Market moved erratically, but Itudins: chances were to higher levels. Oils led Curl) ti admir, and adv anccd. Corn developed a bip upward movement. Cotton was steady, but dull. Francs and lire were lower, and sterling firm in foreign exchange market. Bar ilvcr declined slightly in London. mad NEW YORK STOCK SALES tpruct 33 Ract SJS1 Canadian Municipal Bonds Bought Sold Quoted FINCKE, BANGERT & CO. Dank llldi. WmiVlln BOSTON riilln.lrlphla NEW YORK LIBERTY BONDS BOUGHT and SOU) n Drnointniitlon Samuel K. Phillips & Co. so? eiii;sTM t STitr.irr Mfmhfru I'hllntlrlnltln Mock Kvlinne FINANTIAl -I Annual Klwtlon jgsOFncE or tiii; initi:i oas im r ,,. riKIVKVIhXT Kl. iv. TV. corner Hroo.l and rrh t . PhlliJelphla Aprlf II 1!ll) t ? annual m'etlrc of th. io( khxlrirn '.'" united win d neid nnrinuet corn- i-niianeipnia. n clock noon inr n prcldnt and lr () rlir iur ... , ""!E ar ""', ""'' n'hT Ijii'I KSf,. Vk b ''"naactc-a as may be broucht bernrc the mutiny Th stock transfer linnki will b. . I....H ;.-! ?nP' m- Wcdn-fdrf April 1 1010 until 10 a. m . Tuesday. May fl, into 1. W. (.'frill W. Prelum . i "- inflninn imj i New 'Vorli. Mny 1 - llefore mr uav (......, .mu mauc much progress mi the htotk rvhniiKc it bciamc apimrrui i;t. mr as the speculative -itiuition i concerned. Ihe r-iliu tion nf (ho I nil ea States Steel dividend nncl its miirkot influence 111 a diMufhmi: fa' tor is 'rel)d' a closed incident . Liquidation mitiirnllv followed that nrtion both yesterday and tills morn ins unixiiiK Itutf t Slnin Stool .ommon to decline today to OtVj, hill it un -cuenillv believed that tin- liquiilntmn on this movement had wiped .mi nil the speculative nfi-ouiif. Unit Imd "tinging over the market, and finin now on n to.idior tone would bo shown in 'lie long-time market lender. Tln-re vicro irieKnlnr nimonienO in many other stocks, brisk ndvanocs in the enrU muling heing followed hi -harp declines, but it was not long before aeriiniiilntion of various i.in oiiuod violent advances, with mine Modes making pains of rmm ." lo x pint "n(l l number of Usues sc!.i the liighixt tigmev i milled in re. oni tinie. j. The marine issues nere liouglit hv strong lunaing lnteest, with At lnntie. Culf and W-t Indies ,, piomiiiont foatuie. advancing more than 7 points to 1.-.I. Marine pieferied sold 01 tlio .popinl dividend of 10 per tent. ieeoering pint of tlmt dividend during the day. The petroleum t' k boi nine pxtroniMj tiong the Inst half of tlie dm. "Mpximiii 1'ete " advani ing from !""'. to above 180 and Texas Coin pniiv mid Sinilnir Oil both made siiltuntial gams. iiinral figin- was a feature of tlio sponaltio'), advancing ',i to 01. Sugar sto. ks as a group "ore in demand at advancing prices. Itailroad Minks detmindid ntntition. hoinuse of a buving wave in the lale trading whiih lairied San Kiiiihimd up from -04 to 24, a new higli for ibis moieiiient. Southern I'm iln nilvamril moie thnn 1 point nnd Can adian I'.ieilir udtnneeil more than '.' point. Tl- bond nun kd look on now conditions in today's trading, paitlj because of the letngnition b the managor of the cichnnge of necessities for arranging for business on n far larger scale by making two different trading department", one for govitiiumt bonds ami one for genernl issues. I.ibortv Hoods were in good demand all through the dny, wit lithe fourth i,s ndvuueiug to !H -J-. lompared with the low of '.'3,12 just a week ngo. Fret faun A. Oloto Advance Itimiely" v Adv numely pf .. ri AJax rtubbcr .... nit, Alaxhit n .Mines . '.'p, Allls-Chnl MfR pf.' 1(t Am Ac-rlcul Chcm.Ui'i Am Ae n.i. r ,s., . " - im . imp Am licet sugar . N) Am Car . IMy Am Cotton Oil Am Drug Syndl Am Kxprcss . . , Am I ride & ia Am 11 & 4 pf .oi ico Am Ice nf i Am I Hull .11 1',2't i b'l' 111.1 I. AW :to; MP, rq IM ni i).i 113'. ItSJi fti' in.'. r,r, 11": XV i 1HJ. bS SJ's fiJ1. n.v oT'i 13 ' js.'; linu M Til rioi, 13 i 'lone 31 aa't 'M'l ':is'i '.,3 lias 'm.'4 .".Pi or.' i o74 13 i!TJt' 'J1 H31! im 4S' T3 meetlrcr of th. loi khelrr . when nn elf lion will b. hnlil l l-L'1- 1-WUtU I UIUL AS WALL ST. LEADER 'OIL ISSUES ADVANCE -IN OUTSIDE W1ARKET Annual Hireling THn 3HTII ANMAI. Ml.im Oil the U'.s...i. f .t . . . . llroart 2?f.,e.Mnr,' ln ln' ''entrdl North nS r,Jl,.t Freubvicrlan rhurch Urean 1.5 Sir V ltTn'.- at "?" " m 'V Mre- ' Infllln ?L -,C,iTt2nL nrlnclpal of the Tuimn pagoant. -w III be slten In the efnlnc Group Furnishes Only Excep tion to Firm and Strong Mar ket Trade Reduced Houston Again Lifts Its High Record Trade in Mines Is Large rlTlnVnri Slorh sales tod.ij c Image lolaled I.: on the i.'iii.snii Nett orl shales. New loili. Mm- I The New V,oik Ijienmg Sun's tinani nl lenen this afternoon is as follous. Toda.v 's stork iii.il kit was linn to strong in someiibat leilueed loluino of trading. The teel group, iihiih tins heavy, though scarcely weak, lonsti tuteil about the only ovoption. I'mtrd States Stool mis but moijeratelj dealt it. ntwl tbn utii.n Ilii.tiint.nl .niipmili bettieen t0. and !7. a eon.esion of ii '" ,,IP """ '"raP"1' to be called Caddo 'fraction of n poml. I Ins situation seemed to point to the definite nhdn-si 'J 20-TH .SKMIANM.M, IIM llli:MI NATIONAL II nk OP (.hKMVNniUN Fiiii.AnKi.ritiv. KounilotI I8H ... ., Oermantnnn. April T,n i., Tti tilreitora hate Ihli. Uat itfcliircil a "jmtannual dividend of 7 ,.,r r4-nl.fr" or tax rajable Uy 1, mm. to locKhol,lr V!..!.tCor',Jat the cln' of bmlnens- April 30 lpio. and have, addfd cm nun to ihe iuis Plus, fund, maklnit that fund Jimo non Dividtnd checks will he mailed JOHN i" KNOX Caahler TIK CIINTRAI. ATIIIAI. llMv OI' l'lllI,M)i:i.I'lll. vi ' ' ill" The nlref-fnrH hat ihl. ... j. ... i semiannual ditidend of 12 per mil, freo nfltinn of steel as the market leadei. lax payable un demand ch-ck will he ,,..,. ,..,,,., mailed. it ltli dn ideiiil ilisbuisemenl iotmtid VVM V ii).np i 1 ."i per rent on the lonimou. it is u m lH4hinr .... , . , , I ilio-tnin tbe stock is ninth tie pie lulling limitation, trim the im I'-tni.'iii point of vieu. This is m.i an must ineiil market, hoiveiei. and siant at tention'Sls lieing paid to diiidend talis. Tlie eoi porn t ton has pussibilnins n Inch cannot be iguortd hi Ibo spmi laloi- in its sioik. and if tlie bull iii.it -ket continues on Us present i pnn site scale or an.t thing like it for lunch longer there may be some sin prises in .slot o. At the beginning of next neck there it ill he a triangular i (inference between the steel maniifuctiiiers. the industrial board of the Department of ("opinion c ' and the railroad administration ag.im to consider the piice schedule for steel ' products, but there is little expectation that the lesnli it ill be different fi Nett nrk. May 1. Advances it ore made in man.r of the petroleum .stocks traded on the I'.rond street curb, with the gientest gain recorded in Houston Oil. wlnih moied up from 117 to l"(l, ngaiii lifting it high record. (.'ommnntteulth Petroleum advanced (1 points to -)!), and Sinclair Gulf nd tanced more than 2 points to above fj. Interest was attached to the dealings llllertintlfittal snl . 1 Am Linseed " .-. A . i . --.-..,. ""i J.msecci pr . Am locomotlte Am Ixjco pf . . . Am Malting .... Am Malt wtpil ., Am Smelt & t;,.f Am .Steel lories Am Sugar 7:ef Am Kuin.t Toh Am Tel & Tel . Am Tob.irco . . . Am 'fob pf new , Am Woolen Am Woolen pf . , . Am Writ 1 pf . . Am Uhtc I, & s. . Am Z I, & s pf. . Anaconda Topper. Arso Drv Ooods . Atch Top fc S J'. . Atch T A: S V pf. All Coast Line . . Atl tJtilf & w I .. All (i & W I pf.. Baldwin Loco . . . Baltimore & Ohio. B;tJio & Ohio pf . Barrett Co Beth S Class B . Beth Steel 8 pf.10'1 Bootti Fisheries . ' Brook It Tran . . 'l' Brims- T & n sec . 10 Buffalo X Sus ... 7J Burns Bios l,)S' Butle Cop & Zinc. 7 Buiio & Superior . 22 Bulteilck Co .... l Cal Packing 113 fa I Petroleum ... L'7.', fal Pet pf 7-J' f.iliinii-i & Ariz .71;, Canadian Pacific KIP, Case (.11 ) Co pf P7 en Leather 7.'j ucr-iceii I'clcts Ccno do Pasco C Chandler Motor . Ches & Ohio . . Chi Alton I Chi G W pf . . I Chi Mil & St P. Chi Mil & St T pf. c,S cm & xnrn . ... , fhl III S Pac. CRUP 6ro pf. 'CilUP 70;, Pf. (. liile C opper Chino t'oiper C C C & St L pr.. Cluet Pcabodv Colo l-'ucl . Iron. Colo Southern . . . Col Uas & Ulec . Consolldnled 5as. 70) j r,v2 "V I! 1 Ml.1 4 . ll.i 7I, . IM', . '.". L". L"i . r,r,i r,-.1,- ,)!, 7P, 7:: 70s, . lor.jj lor; intts . ljs'j i.io1 j 1:111 .110 11 1", ins', .101',- 10P 10.Pi .'.IKP, LMtS'i cr.', . ino iwv4 ioo4 . or.jj oiT j o . w, 1011 100 41 i)' is op. 13; 4 in !7S . llL'Jj l.M IJ.P4 '71 75' 4 T I !I(J III', !in4 7i IS'i 17J4 .).t.'4 iMi .Vl'i i.".i la'pj iisj, in 01 1 it ni'j urn so.' 4 I'j.'i Vfi'i .l'4 L,J4 "V 7P, in.v l.'lO'j no 10;!;, 200' inn'. On1! no 11 01 -4 n; so.1 4 7;!1:; 71' L'P, in; r.i l-'O1!' 20J4 10.' 4 IJSlj 7". .)H is-, .VI ! 4 12H 21 20V lO.1 ..r re8,108 109.'! 17. lOHjj 1 .. 21 2D4 20) j --" pf. 32 aoji at't 'Mi Trot lout - . . r' Hlh ,'nw Iloy D Am Bhares.lo7.'i 110)4 100 oy u . v shares, St ISnn Fran St J-San Krnn Savage Arms ... G3Jj. .saxon itiotor . . .. V, lit Seaboard Air L.. 0 0 II Seaboard A 1, pf . Ri4' Sears It & Co ..185 ISSJf I801 Scars B, & Co pf,20 Sinclair O lief . . . SRV.' fin1 581 SIoRH-Shpff M Jtr 1 tni ' r.OT .V1T Cln 10'.) 'I 1SV4' 'i hloss-Sheff S A.I. 62SJ fi2Ji .Vi.'J &? Southern Tactile . lOOJf 107J. lOOJi !' .-. i-orio icico Hue. I7n lvn iu " Mouinern Iltvy ... 28! 1 Southern Btvy pf. cs1 Stan Milling pf . . 031,' StrombeiR Carb . 43 Studebakcr Co . . ": Stutz Motor 57i Superior Steel . . 3,; Tenn Cop & Chem lljj Texas Co 224 Texas & Paciflo . . 41), Tex Pac Land T. .380 Tide Water Oil ..230 Tobacco 1'iod ...&(! Toh Prod pf ...100 Tol St L & W pf. 12 Transuo & Will . . t( Lnderttood Typc.lC! ... Pnlon PaclOc 130!i 131 rnited Alloy .S .. 4C).,. .. .'. L'n Cigar Stores .Ul'4' 132J Ul'i 132 unnen j-'rult .... 174 I'n liyn Invest .. 1-Ui f n Itjs Tn pf ... 28'i P S Cast fi- V. oyj u .1 1- 1 J' & K nf. 02 29H 08! a '43 77! j mi 15! j 227'i 45i 400 ' 87'.' 100,'i 13 281i 68! i 43 70 fi"' ll'i 222 i "ir 3!)0 "sr,'i 10O,' 12 so1 b8"i '4:1 70" s fft!i 'ii'iJi 220! 45 too '87! a 100U 123 s Philadelphia Stocks 130!i 131 175' p ll.'i 29 2(.!. 172!i 14! 4 28' 4 2 17.V lPa 29 20! HiU'i 1 1. 1 .' i K.,' . 10 . 10! 1 , 1 l.'l . (IP. l . 2.V, 2.-. Is" .Is1, a (is', 95) i . . . 2.V, (ib1 i 7!l54 7S I.Vi 1.V; I0! :P"'4 113 113 02l (VPJ '.) 'I IIS.', bs', 7H1; l.V ::si"4 in 02 9 iTs1, OS', V S Kxprcss U S Food Prod . . lT S Ind Alcohol . I S Ind Al pr . V S Itealty & m. I' S Hubbor . . . LT S Bub 1st nf . "IPS Smelt It & M. ' I f R Steel I l" S 'Steel pf . . ' I Utah Copper I Ulan Securlths . ta-1-.iro Chcm . . Va-Caro t pf Va Iron C & C . Wariasn . . Wabash pf A . . Wabash pf It ... Went Maryland . Western Union T. Wcs-tlnn J-: & m . Wheeling & (j 1;. While Motors . . . Wilson & Co Wilson & Co pr.. Will s-Ovcrl.iml Wool (F W) Co Wooliiorth pf . . . Woithlngton P Wor Pump pf A Wor Pump pf B -Vi : . -- 7.Vj 77'' 7o! 150-),- 152't' 151J4' 108 107!-i 107!a 43 44'4 42 91!4' 05!i' !)2!i 11176 112); 112 49 4B1i 49 97! i 07! i W'i UO'j 117! llbj, 75!i 75! j 75! a 174 BIS 18 03' 1 (16 (,3 I121, 112i llli'a (.0 CO (0 S'i 8Ji S'i 32! 33 .'1214 19!j 20!j 201, W'j 104 10' i SS'i 88 871- 50s4 51! 50' 9 W, a 58 59 5S 82I4 80 S3! I00!. 101 100' j ;i.l4' 35 :n 12(1 no 11G 110 (.7). 07' 7'i 971 973 i OVi ',- 77 77 151', 107!a 4I'4 3'i 112 49 97!4 H0Ji 75U I81 05? t 112(i 00 S'i 33 20i 1CVJ 87J 51 ! 58 8!i 101 311 "l 1(1 07i 97! i 77 2.V,i 111, , "l. dividend t'rre Mnrnuelte Prior pre--j irrreii. l 't , Miami Copper. ' , Hurns l.rnthera. .-., PennstltanlH Ilallrpad, , Oas-lon-M illlams & Wlsmore ureferred. ."( Wi 71?; 12' 2S'8 4fi3i 9b1 LACK OF PRESSURE HOLDS COTTON FIRM Trading Not Particularly Active. Wall Street the Principal Seller ina llvnlnti tin i m Urn MfK I tn l,i n ini mrtmn Writins .,( .ir ifiMiurtfnn l HTIHdlj tl j r I .. out of i-apni in ; lc.ni ir s. r.t! ,,fa i standstill as far ! J1'0,"1 V."" iiutorp i hi'riil t ' Xetv York. May 1. The strength of English cables and busing for the ac count of Liverpool houses promoted a local opening advance in tlie cotton market today of 0 to points. Tiail- ing Mas not particularly active nn, that of the previous lonforenfc.. prices held strong in the absence of im- ! MilN- "Vntime. aie operating portaut pressure. Wall Street firms nl.v 1" o lilt per i out of i-apn appeared to be the nrim-imil s,.lln,-v business is almost u The opening advance Mas follow e.l bi ' i,s '"'"' I,r,"l,,,,'' "" '"'"'rued, and ram,, a reaction of some 1!0 to .- points, but ! ,ll' ""-''' ",i,,.l,'r ,s i,llllllnK "V'lf '"""' 1 1 ar""i ' mr volume ot ninnunn nu ,,nl, . inra more iiisishuim . n nn uns siu i ; rnoi smaller than it tins veslenlnt- nml th.. develop into a teal open mnikei market tinned stradiei. " 'which piifes could adjust themselves in The more encouraging character of a manner to attract new business eion this morning's- news from Paris pioh- j though tlie.v should be lower thnn now. ably helped the tone nf the market, but there would be n lairlj wide uinge for the main factors: on tbe recotcr.v were j speculation. the reports of an improved demand and T, (nlr of ,,,.;, es. out-ide tlie steel TirZnTn T rU';th- , Bioup. -ho.ved conclusively that the tht n ""0d "b";,rr,1"''-"-' ""' iTleel mooting did not really weaken the there was a scattering trade demand om , V. . . i -.i the advance, which r.rrli.1 ?,',?" " ' - hPI-eiied to coin, ,do will, months some 21 to :t'J nnims ,.!.. i.,l ' more or less general uesue i nan night's closing figures. fenttal (Id Ilofiniug, incorporated un- i Her the la.ts of the state oi New York. I Crump Shipbuilding was steady, sell ing at 122'... American Steel Foun diies it as dealt in on n large scale, mine than 37,00(1 shnres changing hands at .'!(ii. j in :',.-,i,. Kndicott -Johnson Hinged ft nin cs to 70, that stock also gelling at a no high record. I.ibbv. McNeil i I.iMh sold at .12 to :il ,' nnd Sttifl International ranged from 111 i. lo 00 Stirling Oil uas strong, selling at s t si: -, ubber Tire sold at "..'i'1, in :',;. S.uold Itubber showed a Minns tone, mtli sales at 41 to 411. I Submarine Ileal was Kteady, selling at ir.-is I'nitod States Steamship sold .it 2 The min in, Continental Can.. 785s Coin Piod Rer v. (il1 . Coin P ltcf pt .irjfl'i Crucible Steel . . 70 Crucible Steel pf. 94!4 Cuba Cane Sugai . 32! t Cuba C S pf 7S Cuban-Am Sub . .1021. Delji & Hudson . 105'. Del Lack & West. ISO Denver & Jtlo Gr. !.', Den & lllo Or pf. S' Detroit Uti P.ys . 02 Dul S S & Atl ... .1 KHe (,, Urle lt pf 7", Hi ie I'd pf ... . Is,' t I'Vil Min & Sm . 12 Fisher Body . . ,-(o Gaston W & W . 29 Otneial Cigar ... 5ii' i General i;iectnc .1(0 General .Motors ..srp. Gen Motors pf . . 90' . Gen Motors deb . 90' Good (B F) Co.. 72'i Goodrich pf 10S Gr .Northern pf . . 92'i O X cfs for ore p. 421 Oiecne-Can Cop.. li'l' Gulf States S . . . 531 -i'4 JSO'f b0'.. 71 12 2S 15', ' 79! i 1.2'. 107' 71.J 32 --. i .!5', 00' 72 4 1 2s 15' i 7!l 01! , 100' J 09s j 31 79' j 78! j 771" 22J4 35'i 2S l.Vi I 79 021-. I 107Ji 71 :i2', New York Bonds S,iIob In s 10IIO ( Anier Agr 5 1 do deb ."s . 221 Anglo-Kr 5s 1 Amor Sjncll 2 Amer T &. T 51 i do (is . . , . 9 Atchison Is 17!i 28', lMj 12 0! 8 17 27', IV, 12 17 2!4 18', 12 nine stints wcrr traded in on, HusUell & Bather a l.uge s,.,!,., ,uth many of thoS(. ;. Inspiration Cop sues making substantial gains. IMH.STRIAI.S Hid s Tapr in ' ";'"'"" i 'May July re Jan -Mar Tet Toda 11 IK) 1 an Close Opening- am p in 2K o.-. 2 SO 2S an IS (in i' 2.1 I'd n jB..-,n lmi Tn 24.on it ir. l-4 ir, it :,o 2.1 7n 23 91 l"3 T.-i .'1 7.-, 23.3.-1 23 (10 23 5(1 23 5(1 2 30 Ii m 2 CO 2(1 7S 2t in 23 7.1 23.. 10 Financial Briefs Z , y 'a t i Iloy C. Sfegargel and Warren Jerves, of nctlmond & Co., Xetv York, have been elected members o the X'ittsbiirgh Stock Kxchangc. New Jersey Zinc reporta for o,unrtcr ended March .11 net income, after charges and federal tuxes, $2.170. 127. equal to ?0.20 a share on S35,000,000 capita Moek against net income of $2,313,000. of $0.01 a share in the De cember, 1018, quarter, and $.1,CO,1,7!)(5 or ?10.2Q a share In the March, 101S, quarter. The Xetv York subtrensury gained $215,000 from tbe banks yesterday, making a cash net gain since Friday of $4,018,000. The March net operating income of the Gulf States Steel Company was 07,124, compared with $80.S.'W) in February aud $57,2-11 in January, making a total for the first quarter of vr 1010 of $205,204. ( LOCAL MEAT MARKET Thf ollawlna report on tho weatern dreia d frtah meat trade ln Philadelphia la fur nlahed by tho local livestock and meat ofTlcr of the bureau of markets. United Statea Department of Agriculture. KBBSH BKBF Hecelpta llthti market uncJianced at yesterday close; demand fair ly a-ond. '?v. .-i 8TEKns Itecelpts llsht: market steady to ' . COWS-nerelpts ery llsht: market steady '.at JIB to trj; demand llsht, 1 vKAb-Receipts moderate! market steady VKAtinerelpts moderatet'market stes it (J4 (a J22; demand quiet. ' ' WRK Kecelpta light, market attady to to S39t demand aood. MBiti nvoaeraie: marxe( areaay ana , lujnv. llsht, market atrsdy L tkl". ,. 4 on profits and supplied something of j Icier for the professional trnilois lo do i press the list with an opportunity of which tliey were glml to take advan tage. The equipment, shipping, simu mo tor, ou and leather siiaies vveie un qualifiedly strong, and numeious spe cialties likewise. Atlantic Gulf, Amer ican International, I'nited States 1'ood I'roducls and Wilson Company were among the more striking performers. The lower-priced mils tveie loner in the main, hut the otheis were firm nnd in some msos. like Southern l'ueifie and Canadian Pacific, quite strong. Developments ahioad favored the i (in structive side. There was nothing en couraging iu the .Mulch show ing of uiilroad earnings, hut the stieet Iimk by now become accustomed to a situutiuu in which deficits overrule sin pluses. The-forward movement continued un abated In the Into session. Tlie oils went into new high ground und the tobacco, ehcmionl and food stocks fell into line vigorously. (ieneral Tigers gained more thnn 7 points. The steel shnres did better, too I'nited States Steel crossing 97. Maying spread into some ot the minor rajls, particularly I'ere Marquet and St. Louis and San Francisco. Bonds were active. Liberty loan issues were strong, theafourth l4s selling above ill for the first time in several weeks. The money market presented no new feature. Time funds were nominnl. Call loans renewed at G per cent, hut the loaning rate dropped to Tt per cent later in the day. In the foreign exehnngc market, francs weakened to (1.07 franrs to the dollar compared with O.OIi'J francs yesterday. Lire were under pressure and some of the neutrals also. Sterling continued firm. Cotton held steady in a rather dull market. Corn was buoyant, advancing 7 ewt or more a bushe), Oats were strousv AeropUn luol sod I'huncsrapit k Tnrn II,.., . .(high i ol sal,, I. find Loin Maxim Munition, Nat An'ltne J- V MiinbuiMine ,V,r n! ''"k uln ilia l.li valor rerl"ii Motor looit. i;i,jj S'ripp Month siamianl Moioip. sled MldSS Siit. marine Sulfi Im s.t Icsenh I.fd rodd Shlpbulldmi! Iridnt-le Kllni nite,i Profit Sluiri! - nindmnuii I i.irt'il Motor World Pllni II ru-ht Mnrtin Vir 'i 0 4'i 7'4 . .1(1 2r . 70 K 240 1211 11 .3 90 'i 17 Tee. ("lose Asked (Sale) 14 4i H .15 35 30 g li.i 13 5 85 n4 IV IW'i 1 l.t 20 llll'i tO'i .118" 21" s SO -II 32'' 41 O'i HO 27 2(1 1.1 . 12 104 ns R.I 45 S3U 43 (I. .1 2H no so s K 1(1 HI 13 107 I 32' 42 (I'd tnH till... (lino 1'r.iirie s (I ( al -TVMMRD (in. S (i IMIKPhMiKVT Mdrneti on t, rjd, CommonweaKh ( osdPn A (.0 UIU ttamti Kederjl Oil Inter Petrol Houston (lil Merrill Oil ' " .Mlduxt Rfllnlni! Met I'etrol Ohio I-"ul Sjpulpd Kf sequomh "' Sim lalt Iblanri Olenrodv MINING STOCKS nie l.cds. . , noniiii l Montand Itutle New York Ton Ariz .'., r" R Jerome Hrat National Coldfleld .Mercer Ooldfield Cona noldHeld Florence '" (loldneld Kcnanaa (Ireen Monster Ilecla Mining Howe Hound Independence Lead Jerome Verdo Jim Hutler . " Jumbo Kxtenilon " MiKlnlet Darrach Masna Topper . Mother Idid Mlnea Co of Amr Nevada llliia Nevada Wonder Nlplsslnr flhlo Copper Pay Herculeii San Toy . Slew art Tonopah Kxtenihn United Verde Weat End Con Whit Caps Yerlnalon 2a. STOCKS lso 1X5 3sT 3112 277 2S2 -77 2S3 711 720 3SI1 385 II. SiTOCKfl f. 713 383 47'4 4S is. n'i n'4 .?. '. 0 ns, V-, 3 2n, sn 21m 12. 125 117 3I 31'i XI U 170 172 171 3 3,V 2(1 20 25 $; s'i ' . . . 51 35H M '. ks ; 7'4 7H T4 60 J4 17 3.1 4 i 1.1 4H -s 411 1-32 7 nethlehem S Cosden oil 3 . Coaden & Co fla Cudahy 5a rtuaalan Oov SUa Jtuaaian Oov Via Houthern Hallway Slnrjalr Oil . Void Bhlobulldlm" no Mis 63 .ii n 111 43 6 H r. 4 4 32 15 .1(1 30 42 8 3V li 57 7 -'2i' I1M S2 J inj 51 59 t.101 !I7 lOJ'i a.v sn' m ins Uo 4"" '2'.. 2 2!4 'in 2d M . 0!i . I' . :is 1.1 J2t'( . ;i2 .100 . TO', . 70 . II . ;:i . :r,'i . .2, . 1J2!, ' 71 .11.1 11 I ill 32J, SO .17u . lOO'i" J.W4 11'. , 1C'4' 28' j , 7(1! 1 . 'Mh IIS , M . iWt 1-1 2rl!, 2S'2 2')' v 02 o7:. r,2'i UVi 10( Kl'j 1S2'j lbO'jlhl'j "iio1, "'l(V, ")05 s 72", 7I4 71', 'J.p.'iiL", j;i', i Ki.', 42', .I.Vi l .'( .1 1 ol I I"', 111 lll'i I I I 1.1' ; ni'j i:m 22', 20' j 22Ji l.il 131T, 13'1 124 10. 41.', '4lIO,10S'. 110'j 20.'.' 2..'4 2.V .J2, :,Vj :,i :t7'j .i(!, ,iii; 2.l'4' 21', 2.).', UW 12.4 12(.'4 1 Unit & o r,ujS, ." Ilkn Itnp Tr 7s. 14 Cun fiovt .'is '21. I 1 do '20 17 ii ::i 1(1 (Vntiul I.thr 0 Chile (is ... 2!C JS. O conv 7 Chi (it West 10 Chi I! A. ( 4s. I Chi Mil .v. St 1' lid I'.js I do conv ."is 12 Coin I It r.s 31. 1 i:ric 4s :: Interb Met ."'.'js. .'"! Inter Agr ."is. . . . High Low s.. !l!l tisn, .."lll 111 .. 077, Hs. )() 1)0 ."s !I()T'S f)0 . ..1031j 10:? i"- "S J- ",8 88 70 H7TJ, .. 0(!r's .. OflT's Is PC, .. 87', r.s ssi, Is (12'. I'".',-! (Kill 4 !l!l 111 0(1 U 7?t !K nOTs 82 M SS 70 07 Vh !(!'; 0(1 !)(i S7't S7-?i OOv's 0.1V, SS 7!) 07i DliOs !K5 0.VK. S7'4 S7-T, (!0':s 05 1... .... . . . lllsh Low .10 Atchison. 114 04 100 Hold Loo 111 01 -!0 Brill ,f O 4:t 4.'1 -170Elec Htor 71 7.'P,i 2.1 Oen Asph (!.", (1,1 Vi 100 do pref. 00 00 20 1 C N A ;!()!(, SO fi Key T C pref ... fiO ,10 505 I.k S Cor 1l)3,s 10', 45 I.eh Xnv. 07'i 07 152 Leh Val. 55 V lOOMIdvale.. 44T4 15 N J Trac 00 518 Pa II K 44 't 12 Tenn Uk. 288 25 I'lilln Co cum pf. .17 1471'hiln KIc 25 2.10 V It T t c 24 200 Rending 1st pref 3.1 100 Ton liel. 31, 175 Ton .Alln. 3 30 Un Tract 381ft 103 UG I... 08 182,1 tT J... J7'i 100 Welsbaeli Co 47 47 375 WCrmp.122 121 10 Yrkltypf 31 V. 31 (Vi 5.H4 HTs 00 41 288 30 25 24 3.1 'Hi :!8 08'. 00 'A Net Clone rhae. 01 Vj 01 nj 43 2 7.TJ4 05U-24 0!) 1 30 .. 50 . . 10 ', 07.. 55 1 44 a 00 .. 1 - 288 8 30 25.. 21 liorx lllKh 1,01V 35i, 1, .'18 'i 08-f 07 V. 47 1 121 .. '!! 1. Net ( he;e. Cloee 83.. OS 1 01 Vi a4 100 v. ?2000 Am (i & Klec 5s 83 83 'A S00 Kl & IV Tr 4s.. OS OS 10000 Lnke Sup inc 5s.. (H-ij ()i 2000 I. eh Vnl Coal 5s. 1 00 100 1000 Lib Itond 3d4',s. 0,1.24 0.1.21 05.21-f-.34 10000 4th 4',, s 04.10 04.10 0U0.70 2000 1'hiln Co , eons 5s 80'. 5000 I'lill Klec 1st 5s.. I),'!", 5000 Philn It & Wis 00 0000 ITii Itwy Inv 5s,. 72 SO', i 0301 !)0 71 80 ", 03"i . . 00L- 00 i oo',i 100 100 00 ;$ 30 20 S2.'. Sl' :i2'i no.1 70.' 4- .tlT 0.T 70 U0!j 70.'; :;o5i :!.;", .i.v, U.'i14 00' 4 ,'jo't 1.V2 r.,2 i'.IJ 112't Vl'l Vl'i m 10 10 fill O'J 1.9 31.'. .3i'4 ;ti!i ISO', Y:i3 m '22', " i'L" 'ir, .-:, 44, n;,- 13' . 12' i Hi', S'. 1.1'j 27' j .VI 7' 1 30 81', IU', (0 Intcrborough Con Inter Con pf ... Intcrn.it Agrlcul Inter Harv new Inter Her Mar . Inter .Mer it pf Intermit Nickel Internal Paper . Inter P nf stud . Iowa Central . . . Jewel Tcj. Kan City So . . . Kelly-Spring T.. Kennecott Cop . . KeBtone T & It Lack Steel Laclede Gas .... Lake L'rle & Wca Lee Rub & Tire . Lehigh Valley .. Loose-Wilea Bla Lorlllarrt V Co . Marlln-Kockvvell Manhattan Kiev , Manhat Shirt . . Maxwell Motors Maxwell M 1st pf. Maxwell M 2d pf. May Dept Stores. Mexican Petrol Mexican Pet pt Miami Copper Mid vale Steel ... Minn & St L new. Miss Kan & Tex . Mlas K & T pf . . Missouri Pacific . Missouri Pao pf. Montana Power Nat Acme Nat BIbuuII . .. Nat Cloak & Suit Nat Con & Cable Nat Knam & St . Nat Lead Nat Lead pf . . . Nat K of M 2d pf . Nev Con Cop ... New Or T & M . . N Y Air Urake N " Central .. , N Y Dock N Y Dock pf . . , N Y N H & H .. N Y Out & Wes Nor & Western , North American Northern Pacific Nova Sco S & C Ohio UltieB uas Ohio fuel aup ., Ontario Mining ,. OkU Prod & It.. Owens Dot Mao . paciflo Mail .... pao Tel & Tel .. Pun Am Pet & T. Perm Seaboard S Penn Itailroad .. People's Oas Chi, Pero Marquetie Fero Marq pf.. Philadelphia Co , Pitts C O & St L, Tierce-Arrow . . . Pierce Oil ...., Pitts Coal nuts Coul Pf..... Pitts & West Va, 3(1 Pressed S Car ... 71,'j Pullman Co 110! Punta A Hugtir .. t)i Ry Steel Spring.. 87J Tuy Cons Cop .. 201 i Ileadlnc ' 8.i Iteau ne isi P.. r,:,.-Tron & Stall. S2ii UK SOli SOU 'R4M,I A'Spf ..,,lQJff.,P' ,.i((u. )2'.l 70 1 i 81 07--, , 1KC Ft S&M 1 2 Lehigh Val (I '330 Lib Itoml .",. I .".01 do cv 4s (Ki do 1st 4s... 1 1.107 do -l',s illli do 1st l',s. !SM1 do 2d 4'S . 120.1 do 4th 4',s. 30 Marseiles 0sk 3 Midvale 5s . . 1 M K & T C.s '07 102'.'. 10 Mo I'nc gen 4s. Ill I'm 1 1 Montti Power .Is I X V C 4I II 3'js 5 do Is 13 do (is I X V X II 3's iir,i .. 2 (lo 0s 21 X Y Uvvy Is.. 1 X V Tel l'..s. 2 I'hila Co 27s. . 7 Pennn 5s 'OS. 1.1 Pierce Oil 0s 2 I'cro Mtn-i ,1 2.1(1 Sinclair Oil 12 So Par Is . IS do cv 4s . , 21 do 5s .. 3 South Ilvi.v 1 (In .Is , . 2 Third Ave 1 IT S Realty i 27 I' S Rubber OS 102"; 100f. 00 20 82 OS " 102 Is. (IS ...102 .. 08.72 08.70 0S.72 . . 01.00 03.80 04.00 . . 0.1.0 1 0.1.00 0.1.04 . . 0,1.40 05.20 0.1.40 . . iin.no ofi.oo 00.00 . . 01.20 03.00 04.20 .. 01.30 04.02 04.30 . .. 00-y, OOnj OOn., . 8S S8 SS'f. 102 01 02' i 70'.. 81 07 II 102'.. 01 02'.. 70'. 81 07 MONEY-LENDING RATES NKW YORK Money on call, mixed collateral, opened today at (i per cent for lending and leneiviug. On all in dustrinl collateral., the opening rate was 0 per cent. The time money market continues 'narrow nnd quotations are nominal at 5-y,"il per cent. The only business that is lieing transacted is on indus trials nt B"7i per cent for sixty nnd ninety dnjs. The demand for prime mercantile paper is moderate, hut still is in ex cess of the supply of choice material. Rates nre unaltered nt 5VigM per cent. Prime bank ncceptnnces nre dull, owing to the high ruling rates for call funds. Rntes nre unchungrd. Call loaus on prime hank acceptances still stand at 4 per cent. PHILADELPHIA Call, C?i per cent; time 5-y,C per cent. Commer cial paper, three to six months, C',4 5 per cent ; six months, C per cent. Reserve Banks' Discount Rat'es Official discouut rates at tlio twelve Federal Reserve banks were as fol lows : (The lii-bt column gives the rates for all periods up to und including a fifteen-day maturity to ninety dujs. The third ami fourth columns nro the rates for rediscounts ot collateral bans se cured by government bonds or notes.) Com'l paper Gov't, paper 16 (oUO 10 to 00 J3da.)3dafl 1.1 days (luya Poston 4 New Tork ... 4 Philadelphia. . -4 , Cleveland ....414 Richmond ... 4 '4 Atlanta l'-i Chlcaso 4 Minnejpolla .. 4'-s HI U.uli. ... 1 Kannaa City . 4'4 San Kranelsio 4'i Dallas 4Vi IU 4 4i 4". I4 4"i 411 4", I' r. r. 4, s 1 03 4 4 4 4 4',i 4 4 4 4 4U 4 'A 4 41i 4Vi 'A 4H 4 'A 414 4'i 4,4 4Vi 4Vi 4'i 4 .1(1 M 11', 88'.. 03 " 05 4.10S . . M .. 00 .10 SI 41 SS'.. 03 01 107. S4 00 57'', l. 4s' 50 M II', SS'.. 03 " 0.1 108 84 00 .17 ni 84',', 84 S4 . ioon; moi; 100 . 07. 07 07 . 03 03 03 " , 50 50 50 . 73'. 73', 7311 5 Hi 2!l r.i'j 70 30' j 85 10)3 01 74,'i . 100i 108 10" KJIi . 32 .10!) . 75 . 29; i . COJj . 20)j 20.'4' .10.1 . 62JJ . !)J.'i . CIJi . .. i:iu .. COh .. 7)i 105,' 5-1 37J, 27h 82.',' 27 , 4Ui . 4HU' . 17 ,.00)i . 41 . 4154 . t0,' 25Jj 50Ji 87 11 10', 108 10' 1 10.' 4 ')',! 1.1 2') .11', 70 .i(i', M . I'.'.', GO'. 71' 108 10.', IW4 80 87.T. RnV. 10 lT S Rubber 7s .103&;, 103 103-ys 10 V S Rubber (is 88 SS 88 3 Union Par Is.. 801'.. 8(1 80 8 Ilnioh I'nc 0s ..103 103 103 32 V K of (I II .1 I 5s 1021 OS'., sis A, 08'-'. 82 C K of (i R A: 1 5s 1057 00' 1 I West Klectilc 5s 077 1 AViscon Cent Is 70 !IS'. 00'. 07i 07 70 70 '0. 2 31 30.' 31 30 '29.' ,' yo '105 "ibi, '165 G5JS 5.1 55 03' ,025 0.1 (Mi C34' Cli'' 40 43.'f 41.', "lOJj "l05i "iWi 51 51 51 3S 37'i 38 20! i 20)3 20h SO 82'f ("5,'j Wool Consumption Increases 1 Washington. May 1. Wool cotisump- jtion, which I1111I declined sharply since November, took a jump In March over figures for February. During March manufacturers used about 34,000,000 pounds of wool, grease equivalent, nn increase of 0,500,000 pounds, compared to February of this jenr. although still less thnn half of the wool used durinc March, 1018. h 441 i 44 184 00Ji ll!i 15 01 25Jj 51?, ' 304' 71Ji 110 504' -20H 17Jj 001 i 40'i 45 6o:, 25. 50 "m 74 110 58' ISOiS 20J,' W'4 14!, 'lS5i WiJi 1I 45 iO'.i 25.' 4 01. 7i!i 110 50lf f8 20tl4' 6Jj Charter for Big Lumber Company Dover, Del., May 1. A charter was filed here today for the Colonial Timber nnd Coal Corporation authorized capi tal. 510,000,000; to deal in and with timber und coal lands and to develop Lsame. waiter J. Hteckel, Ralph R. .1UI1M. 111111M, uiiiaiiu, ni-u,, .1, I,, l'j. son, Will II. Culver. Charleston, W. Yn., and Jesse I,, flregory, Chicago, III., arc the incorporators. Germantown Ban( Raises Dividend The National Bank of Germantown has declared a semi-annual dividend nf 7 per cent, payable today to stock holders of record yeslerdny. This is nn Increase of 1 per cent semi-annually, placing thn, stock on a 14 per cjnt per annum bnelsi The sum of $25,000 has been ntided to the surplus fund, mak Jug tuatitunq jwu.iwv. - t . a. J . FOREIGN EXCHANGE New Yorlt, Mny 1. The market for foreign exehnngc in the early dealings todnj wus quiet nnd more featureless than of late. Quotations were: DenuimK sterling I.GG, cables 4.07. Franc cnbles 0.05, checks 0.07. Lire cublcs 7.40, clreeks 7.48. Swiss cables 4.02, checks 4.05. Cuilder cables 40, checks 40. Pesetn cables 20.30. checks 20.20. Stockholm cables 20.70. cheeks 20.50. Christiania cables 25.75, checks 25.55. Cojpcnhngen cables 25.05, checks 24.85. Ruble notes nominal ot 11.20(511,40. The (lullnef continued in the after noon session, and there were no appre ciable changes iiuiuotations. DANK CLEARINGS Rank clearlnta today comparrd with cor reipomllne (lav last two veara: tnin 1018 intT Plllla .. tAII,trjO,'J73 I7'.,.4l(l.!!nl Jn2,n.-.0.1R4 Poalnn T.4 Sim .-177 H7.2I1S 447 41.01(1 S7K N Y 81S.850,77(I 1(078,217.720 081,057;274 . Bank of England Statement I.oii(l()ii, Mny 1. The weekly state ment of the Hank of England shows the following changes: Total reserve de creased 440,000; circulation increased 000,000; bullion Increased 500.435; other securities increased 434,000; public deposits decreased 2,000,000 ; other deposits increased 7,514,000; notes reserve decreased 414,000; gov ernment securities Increased 4,803, 000. The proportion of the bunk's reserve to liability this week is 18.38 per cent; laBt week it wus 10.32 per cent. Rate of discount is 5 per cent. French Bank Statement Paris, May 1. The weekly state ment of tho Rank of France shows the (ollowing changes: (iold in hnud In creased 033.334 francs, silver In hand Increased 20,555, notes in circulation increased 121,801.170, treasury notes Increased 15,210,708, general deposits increased 303,702,282, bills discounted increased 10,030,021 and ndvnnccs in crcasrd 0,021,710, LOCAL STOCK TRADING SLOW, WITH CHANGES IRREGULAR iT'illum Cramp Certificates Make Substantial Atlmma and Storage Battery Higher Asphalts Decline , lm,U,n X "f! 1 i."y mo,'pri"ry active, but advanced 1 ISu5 -"- -red a 1 iiHHiiui ni inncn n. !. ,. 1. t ----i- . ...v.c- a..,i.iiL-, me otnrr chnmrr-s for l,n, .,,!,. r . l.t c- -- .- j vii oiuiaii ii riFi.v.ii. uerai Asphnlt coi 1 8-point upturn li. n..- i v.... v" V. J . . ."".."! '"" rencteu rather w d I''", :,'",',' " tk nnti rrieu w th It Lake Superior Coriiorntln., fnr n mll ln(rinair A. t a ... 1. trmiers were snarp declines for General Asnl.nl, ,. .,i ..: '""Si ", l; '!"":? for. VpIfb?' n 8.pontn turn Z r re n ank. I .... ""'."""'".'. me active leaner, hut rencted rather wMnlv In lino with nan 111.1... I. .. . ... - " X-ZZ&fc&2"i zls BSjSs-JSrtasri's isffal hold-steady on odd-lot transactions. Ilhnr... T '!iVIS'0!' .,1": """"Ending feature was the ...j win isnucN, nun tne lourtli 4g Vis mot iiLtive slrength dixplnycd by nnd murli higher. oldXVhelS "'pa" m V,nn LWJ L" ?f. "!7 " " " ot ?h" to nnllaVS 0tfli,",,, 'S ' tbC nll0UC(1 n thc '1"io 'f ?,0 " ?" jL Charles S. Co I well, tiresident nf M'i, i... 1.-.. ..... Ill (he current issue of the Corn Kxchangc, says: "" "' " " stores of Phirndolnlr,,,,,,inC(n!C '',' tho tepVt wl,ih - wlvr from the big "Sales for the first minrtnr nf 101O - i.. ....... . . . .vear by more than ?n ..' """'", a'" ,", 7V.,n0M..,"r. "in t""ne Period lat ;u ... 1 . . . ' "", ..u.. niui win moKc a st is no lot-up in sight. ..nn,!?,'1!? maufact"r',r nnd dealer should find in the ............ uu ,or connaonce. ihe consumer has set tli exceeded those for pril will make a still better showing. There retnil situation n sub- ie pnee NEW YORK COFFEE MARKET New York, May 1. The coffee mar ket opened quiet, unchanged to a decline of 1 point. There was a fair demand from AVnll street for December con tracts on the call. Mav July . .. sepiemDer October . . December March .... Yeslerdav Clone 18.00 17 sn I7.:n lnixt in nn 10. jr. Today's Openlnjr 1S.00 I7.r,.-, 17.10 10.0ft in. 00 1 a. S3 DIVIDENDS DECLARED Itiveralde Eastern Oil nnd nlverMde West n nil ("nmnanlea. usual ituarterlv ril.i. denda nt I8, per cent on preferred Cleveland anu i-iuuuran unuroaa com pany, quarterly or ta per cent on Ruar anleetl atock and 1 per cent on special suaranteed betterment ato Is. payable June 2 lo slocK 01 recora iuay iu. TMttsburRh Steel Companv. ciuarterlv of $1 7!i a aharo on preferred. IW'abla June 1 to stock of record ftfay 5. Continental Paper HaK. quarterly of 1 4 per cent on preferred and cotntnnn, payable May IR to Mock of record May 8. American Radiator Company quarterly of t, per cent on prefered. paable May IR to holders of record May 7, and 3 per cent on common, paabic June 30 to holders of June 21. LOCAL MINING STOCKS TONOrAIt STOCJvS Jim Butler "v MacXamara r Midway '4,-, Mlzpah Extension ....!!..!.! 'vj Atontana ..-i Norm star no A ale ..It . nn l.t Hescue Hula ivcsi End in m GOI.DFIEt.D STOCKS Atlanta . . . Bluo Hull . . . Pootll Dlamf t n . Daisy Ken anas . , . Oro Sliver llk . Spearhead . . .MISCEI.LANnOUS Ariz United ... Nevada Wonder Tecopa Mlnlnir . ns .n OS ,os . .24 27 . .m .os . .02 .04 (n .na ... .1)2 n.i 11 is . II .15 US . 2.1 .27 .17 .62 . 12 ,U Short Session on Paris Bourse Paris, May 1. Thc Bourse opened . nt lli:I10 p. m. toda.v and closed ten minutes later.' There were no transac tions. Three per cent rentes are 02 francs, 40 centimes; 5 per cent loan, 80 francs, 0." centimes. THE REAL ESTATE TITLE INSURANCE AND 523 CHESTNUT SfREET TRUST CO. OF PHILADELPHIA At the close of the year, April 30, 1919 I RESOURCES Cash on Hand and in Banks ......... Call Loans with Collateral Time Loans Investment Securities Owned "Real Estate, Furniture and Fixtures. . Miscellaneous Assets LIABILITIES Capital Surplus and Undivided Profits Deposits Miscellaneous Liabilities $2,176,736.56 1,867,311.18 3,733,882.53 646,130.22 264,050.71 $8,638,111.20 4 $1,000,000.00 2,141,056.95 5,338,411.35 208,642.90 $8,688,111.20 Trust Funds kept separate and apart from Assets of Company $18,341,193.65 FRANCIS A. LEWIS DANIEL HOUSEMAN President Treasurer -an Liverpool Cotton Liverpool, Muy 1, -There was more demand for spot cotton today, with prices easy, 011 the basis of decline of 40 points for middling nt lll.tW. Tho sales were 0000 bales, Tho receipts were 20,000 bales, including 17,200 bales American. Futures were steady in thc early dealings. Commencing Monday, May 5, tra'dlng will be allowed In American cotton fit -ture contracts In any month to April, Jir-ti, WBKins twejvc moniljs pt deliv KXKCCTOK cii.iiTi:rti:i ison Tltl'M'EK FIDELITY TRUST COMPANY Member Federal Reserve System Capital $5,000,000 Surplus $16,000,000 Main Office: 325-331 Chestnut St. 43-53 S. Fourth St. ADMINISTRATOR- Broad Street Office: N. E. Cor. of Broad and Chestnut Sts. fllMKDIAN ' (13) vry Instead ?f flvct n j pNeptt (, ' raat Wood Motor AMPAP O" SALE.BY SchQoner AlVlrAKU TENDER Offer are invited for the taU of the "AMPARO" at Iie now lief in her damaged condition at Wharf of Colonna Marine Railway, The "AMPARO" ii of Cuban registry, four mailed, length 187x35 feet beam, gron tonnage 914, fitted with new twin-icrow auxiliary moton, fuel tanks, purnpi, electric light, donkey boiler and winches with two hatchet. Intending purchaser muit satiify themielves ai to condition and particular of tho veitel, and permiiiion to examine her may ? obtained from the Captain on board, v All offer muit be accompanied by a certified check for 23 f bid lucceiiful bidder to take charge of the veitel upon confirma tion by Utter of the acceptance of hli offer, at which time the balance of purcRaie money i to be paid. nnxr reiervn'the rielit to reject any or all bidi. Tender to be handed in on or before. Noon, May S; 1919,11 .AArK..ed to Henrv Hlack. Pruicmal Purveyor Salv4e Aspciation, London &,$"$ S t a ..'C '..-s, !.,,, . fV K-f" O V - -1- v in ;v h V.- . '$ . . Q' 1 .- ' t W v..