frjvI
Si
' t
V "
-jw.1 -
a
II
Ife
1
5-
S
18.
IF ' "
EVENING PUBIIO LEDaERgPHHiADEIil?BttA SATURDAY MXi'-WO
m
-i
Strengthen
Your Credit
by investing in the
beat Government
Bond ever placed on
the market. Patriot
ism and sound busi
ness judgment both
prompt Americans to
save and invest in the
Victory Loan.
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA ' Sf6CR.lffibtAtt6N&$
NEW YORK MARKET CLOSES
WITH ADVANCES THE ORDER?
NEW YORK STOCK SALES
tu-t.
I AilaniH Ilxp . ,. :i7i,
I It....:.... )-.; n I ,.1 ' r...l... AhU.uiith Ahrntil.M "unicly... .11 "
imj nif; yji tii-i ; i inn ill jjffif hiiii iim.ii- "' i ' .......0.. - --,-- j (j() prp,
'Ajnx Rubber... 8!)V4
pills-Uinlm Co -11
lirvaks in Oils Had H rah'iwd Nearly Entire Lis!
l,- km each & c 'nc
H
Investment Securities
115 South Fourth Street
fllll.X.
K
i-T
Sfofi"" tr" ' ' ' '-K '-' " ' 1 ' L L
sET M WM
Convert your superfluous
Jewelry, Silver, etc.
into cash and your cash
tnto
VICTORY
BONDS
Highest Cash Prices
paid for old d modern jewel- :i
ry, diamonds, pearls and other U
precious stones. Silver, Tapes- H
trie.', uneniai rorveiuuis unu
Antiques.
JAMES ROBINSON
402 Madison Ate., at 17lli St,
New York City
Lvw v ww v w wwwwif 1
fVr "- " - " " -" -"- - - -"- " m ft;
High Points in Today's Financial News
Stock prices wcie generally lower early, with sharp breaks in
petiulciini issues, but buying wine brought, advances near close. Curb
prices receded, with Sinclair (iulf n feature, tlint issue dropping moro
thnn 'JO points, then lccoveiing. Corn and cotton were lower. Sterling
was higher and francs declined to new low level in foreign exchange
market. The weekly New York bank statement showed increases in
average and actual loans, and deposits and a gain in average reserve, but
a decrease in the actual Hank clearings throughout the country this week
were above last week and corresponding period of 1918. Unfilled ton
nage of the United States Steel Corporation on April 30 was today
reported 020,887 (on less than cm March Ml. Bar silver rose in New
York ft' i cents to lit, a new top price.
Net
Irfiw Close rhse.
17 7
ill III . .
us (is Vi
S7-H 88 Vi i
'lo prcf 04 1)1 m
Am Agr Client. 110 100V4 lOO'
Am linn, Uniin. or. ,-n, m r,
...... ..V..V um 01,7V, ii, yj 017, y.
Am Hosclt 88 87 Va 87' V
I Am Can fl-,94 fi3 54i
! do pref 10.1H 103,i 10.1 1
Am C & F Co OSiJi 07 07
Am Cotton Oil. Ji."i 5474 r.4
Am DrtigglMs . 13 12 12..
Am Hd & Mhr 20 28 28 V4
do pref 117 llfly. 117
Am Int Corp . 87 V 86 87
r3 52 T.2U 'A
704 70 70 1,4
01 00 00
U 00
K' .
br
Safe Bondi for Investment
HALSEY, STUART &. CO.
INCOBFOflfcTtO' &ueCCOnS TO
N. W. HALSEY L CO., CHICAGO
LAND TITLE BUILDING PHILADELPHIA
CHICAGO NCW TORI. BOSTON ST. LOUiS
DCAOIT MIWUKSK
f.
K
.
v
, FINANCMt
n urn 1,
to tiii: noi.Di.if- or nil. i.i.m:ki,
ionT(i.(Ji; si i'i:it ckm thdh.
JLK.XK MIMilNO Tl Ml i,OI,I ( III lll.N
"Tiomjs or tiii: .iiknss tih.i, I
OAS rOMI'AW: Niitici- Ii h'-r.'hx bImmi In '
the Colonial Trunt rompm trutr unll',
lh mnrtgare of th" Arkans.ii Nnlurtil (J.im '
Company to thf I'olrnlal Trust I'omuaiM I
truttrr dated Ma 1 1111(1 that pursuant to
the prollnna of tile thirt -flrt paratrratili i
of said morllfape (t vlll rrcflvo at ftp offlrr I
altuate at No 317 4th ae In tho f'lty of '
PlttaburKh State of rennl.nlH tender
of bonda for nurchawe and retirement out of
the monejs of the Ntnlcln fund NhUli now
amounts to S3S :n 70 No Lndirs will bo
Tecelved after Jlav 1'.' 11110
THE COLONIAL TRUST COMPANT. I
-w Trustee
I. rr- I
. i
TroiioiaN .
Nr York. ,Mnj 10 The fpcmlutito elonieiit is brcominR iicrustoiucd
lo p'K oinl liiinp', which lime liecoine n feiitiire of the iolcut movc
mrnls hiHi Iiiim- born notl da after ln in the storK innrket. hut. in the
two hours' trnclniK liulin this iolonce eotixioted in abrupt breaks, csprclnlly
in tho oil ".locks on tho ovflianeo nmj in the out-dilr innrket.
Sue Ii ;i inntpiuenl ns pnrtlj foreshadow rcl in statements inudo Inst
night b some important banking interest. ln expreetl the lev that it
ns nboiit time for the "oil bubble" to be pmicturrrl. and they believed that
bullixli operations must switch from the petroleum croup to the steel stocks.
It ma j be tlint banking pressure wus evirtrd against the oils nud
banking accommodations withdrawn from n certain group of operators that
had made a speeialt of concentrated movements in the petroleum issues.
One repoit was current that a brokerage linn, reeenllv active in a
number of these issues, had found it affairs entangled.
Texas Coinpnm ieldrd more thnn (! points, selling down to 2701 in
(he onrl trading Oilier oil stocks, including llojnl Uulch of New York.
Mexican lVtrolemn. I'.in-American nud Sinclair lost 3 to I points ilurinc
tho lirM few minutes nt trading, with later inllies extending from t lo 2
points.
Tho wrakness in Hie petroleum group soon nfler the opening had an
unsettling influence for u time all Ihrougli the list.
I niteil States Steel, alter selling at 100Ri. dropped to OO'i . and then
tallied lo !)!7C,
I'niteil States Itubber sold ilow n ncnrlj 3 points to Oil... anil the railroad
stocks, which had Ixen strong features during the week, showed a lack of
demand and ucldod 1 to 2 points.
Ilefoie the market ended. liowcor. Hie situation was essentially rhnuged.
Bujing onleis came m from manj sources ami nt Hie end of the half day
an upward movement was in order which made many stocks show material
net gains
Studebaker then became a feature, advancing fioin 77-1! to S3.
Hands were ni'lue. with a lontinued large supph of the fourth Liberty
l'(s around 04
There was a good demand for the railroad nud industrial bonds.
tm Ice See
do pref
I Am Linseed
' do pref
'Am Loco . . .
'Am Malt . .
I Am Smelting
Am Sum Tob.
Am Stl Ktlry.
m Sugar.
70 75 7014 U
2 2 2..
70 74 '751,
100 107 100 Vt
34 33V. 31U 1
..134T& 132V, 13374 !'.
Am Tel & Tel.l04'2 103 103 V,
Ain lorjacco. . . J12V! 212 212 2
'Am Wool S2 70V- 81 2
I" Ho pref 100 100 MO-V
Am AVrll Ppf. 44VI 4 44Vi 1
I Am Zinc & I,d 17 17 17 VI
j Anaconda 114 03 03
Asso Dry (id . B0 48 00 !
Net
rhde
High. Low Close
Rears Hocbtick 102 '11)1 102 ..
Slintttuk ArU. 13 13 13..
HIosr. Shelf ... T0 ."H-fn'i-l'i
Sinclair Oil ... (17 , 04Vi (kTj '-'",
South Hoc 107 107 107Vi
Soiithern It It. 30 20 :!0 Vi
do prof .... 08 (IS OS Vi
Sttidebhker . y, 83 77Vi 82 2
Stilts-. Motors.. 08 57 r8 VA
Sup Steef .... 40 40 40..
Tenn Cop & Ch 15V, 14 .lt"i
Texas Jk Pne. 407 47 48'4 Vj
Texas Co ....280 277 280 ..
do full pd..280 280 280 ..
Tob Products.. SOVj 88Va 8S 1
Transtie Wms. 48 48 48 Ts
Tidewater 011.240 240 240V42
Union Pacific. 132 131 132 U
Utd Alloy Stl. 40V4 10 4(1',
Utd CIb Stores.133 133 133 . .
United Fruit.. .183 181 183
Utd lly Invest. 14 14 14
do pref 27 27 27
U S C I P &lf 24 24 21 1
do prcf 02 02 02
U S Kxpress... 20 20 2(1
IT S IndAlcoh. ir.4y.-ir.lt. l.-,42
U S nealty Imp 42 42 42
U S Hubber 07
do 1st pf. ..113
04 0.-. 1
113 113
Unl Food Protl. 77 70 70
U S Sm & It. 00 00 00
U S Steel 100 !)!) 00
do prcf 114 114 114
Utah Copper... 78 77 78
Utah Sfc Corp. 10
"iVa-Cur Clicm.. C.11
Asso Oil 03 02 03
li.Ll. ... stl. rntt rx t
""'"' '" ' , Va Iron C & C (W
... r,' .; V ,.l ' l'1".1 Vulcan Detln.. 20
III Alllltl t. i JF it 1) 75
Atl Coast Line.100 100 100
All O i V I, .100 104i 10S -1
Hald Loco Co .,J12 01 01
4WU 40 40
133 l."!3 133 1
18 18-
' 54-
REACTION IN WALLST
I Halt . Ohio
! Hnrrett Co
Heth Steel .
do 11 7".
Ilrk Hup Tr . 21
Hooth Fish Co 21
HutteC & ZCo 10
iHutle . S Cop 23
CaI Petrol ... 33
do pref .... 77
Cal Pack Co .. 00
Can Pacific ..100
Central heath. S.-.V1 S3 84
Ccrro de Pasco 40 40 40
Chandler Mots.ir,3 140 l."3.".
dies & Ohio.. 04 04 04
Chi Ct Westru OV's 0
Chi M & St P. 38 3S
do pref 00 (IS
Chi & Xorthw- 00 00
Chi It I &Ptc 20 2T.
do 0 i) c pref 07 0
75 7r.
74 74
21 21
2L ,21
10 10
22 23 1
30 33 3
70 70 1
04 Vi CO 1
05 100
SOI'KICK Of Tllh ItKCOIlllhK 01' liKCIlS '
Room No. I.M. ( It Hull. I hilildrlnhla
Sealed proiiu'.al'. fur tuml'liine hi itiK 1
iiwimi. priniinK eiauoner- iipwrnera rufli
CAUSES NO SURPRISE, PAR, THEN RECOVERS!,! I Ii i
I Chile Copper. 23 22')s J. ;
nn knvi tnr rA ntu r1for mnl ntiitiua Jurmn r l C . .T u .1 1. .. . tA!J. rLi.lnnila.. !.- TL A. I..A
ihc year iiiti. .ii i i. re,ei,'..d At ti,i, ',,ffi," . '-Teaiesi unailges ounereu uy me riuuiuauun in uiai issue c01lw ,;s
until lue lain iijj or nn. lain, at II . . . .
opeciitaxive oxocks vvniun
Ix
o'flork n. in., at which ttm- hum ninif flip
DroTHnH lll b opmed nml thi- contr.H it
awarded (n t li- low phi and bent bidder All
th wuppHei inu?t h in nnrdlln.', w Kli
licheduled nnd cnual in h1uc und nun lit
to the cample nnd pe itUutlotis vhlrh ma
J nen nt plat" deMsnntd on prupocil
torm
Jld from othpr th n those enirnnrd or
"tatabHhPd In builnp8s for which the pro
irOSciln are tmhed will not lin nntertrilnrd or
Jjns'dered and no bid will be futr mined
unless made nn printed blanU furm, whkh
will bu furnished upon application nt this
office
" All Kt mnul
Were Most Aggressive
.Ntoelt s.iles totla on the New orlf
excliauco totaled t)H."i..-(l(l shares.
Is Feature on Curb Cains
Follow Declines
v Vi
38
00
no
20
(17
Chinn Con Cpr 37 30 30 1
Col (ias & nice 47 40 47
00 00 00
i oni i an .... ii.'i wyi n'Vi
Corn Products 02
Crucible Steel . 71
do pf 0.".
Cuha Cane Siir 37
do pf 82
C.2
00
or.
:t4
si
.110 110 110 1
New York. Ma 10 --The New Yolk
KwniiiK Sun's financial review this
afternoon i as follows;
That a reaetiiinurj movement, tu
viihuiK Insse- of 1 to ." poinl, Mionld
come ut the cloM' of a week of extra-
17
R
lie accompanied b a rerun.
rute from the rit pollcitnr that "curltj Iihm
Jbeen furnished In aecnrdanr" with the pro
"vlslonn of an ordinance of t'ounclla npprocd
Slay US, 18(10
At books nrlntlne nnd utinnlleR itiimt 1
$'"'-' fdrnliihed in anurdanc" with nn in niton
durlnc the rar l!'! hk max br required
nme!lnMl0JTeV.,'e' '"' " '"" " ' ordinal J hilllih aetlntj was not par
.Jh'"r"r,nri'lT'C'',,r':. '" '.:'! Iiciilarlj Miin.WnK nor indeed a .aiisej
1.IJ fiw.ur..i i m ia.v VI ItJUV
imercA ot'n.rVt"' '"' ,1""" W fnr ""-If'"' l"''i",, iiaxiel.
JAMfcneJor."rAofUnee,N ' " " " '' "l,,rrl i'"14 in ,l10 ''""r
jjMtll'tlsAlTsr(mT."M)MNi-:. OII.M11""1' "f O-'idinK in todaj's shoil session
IKS' hik! (iremes - Raw Materials Dl- , of the stock market the broadest lone
Sd?iiwil.'.HSriiy;nori)pJ:rii!Sj;if,ssj: - n in tho.c s., ..r a
iXe,2.Wi'aiiTarnTVire!.hon,7V!r,"Urn.6'''',T,ln'' W,,Wl hi"' 1,r""
ll.K gaaolln kerosene fuel oil lubricating , ilsied ahead lnos cgresMel. line
I New ork, Muj 10. There was a
spasm of uneasiness in the trading on Del ,x; Hud
the Curb this mornii.K. when the mar- Dome Mines
ket value of Sinclair fliilf siiddenly col- Erie
lapsed, with a break of more than do 1st pref..
twentj points in that stock in the tirst Kisher Body pf 08
few miniitis. causing hurried selliug for I Federal M & S 14
a time in nil the other active issues. do pref 40
There were virtiiull no lming order (iaston W'ms.. 20
in Sinclair (iulf when the market opened Oeu Cigar Co. 71
and some of the hear traders offered the (ion Motors ...101
slock down without making many trans- ; do deb 00
i act inns. do nref 03
After selling at .".0. it bloke to 13 . (iooilrich It P. 71
nn .inn .n n Iinf ii,ln .. f .....I. .... I . ....' .... . X .1. 1? .to-. ...at
.... ,..i. -.in , inn .in,-, ii iiiitilil nif" lo.iiriii .oril) pi . "s .'Ol
42. had an nihanee to (II, with thef:t Nth Or. subs 4.1 44
niovement buck to above CO just ns Creen-Cnn Cop 40 .".0
x iolctil us the decline had been. llask A. Barker r.4
j Losses of 2 to 3 points were mis-, Int Agricul .. 2.".
lameu in iionrl nil tin- stocks in winch
02
70 -1
ll.S
3.1 2
S2 1
Br
ft
m
Si!,VnA5r:rSr,.rtebino to the setback h'"-1-" is ae interest, with strength
Information on application I among the standard industrials and I 'leveloping alter decliues
Houston on soki ai i.i'i to lis, in-
PROPOSALS KCIH KlltK HrAllUN OiHch I I'll ils. Il whs III .lie inure ulnerulile
Conntructins Quartermaster New rum-, . , ,. . ,i .-rs. ,.,.,,iP,,i..,i ' fernational Petroleum ut 34 V- to '.Vi and
h.,ianii. Pa Sealed proposals will be r. MlU'irieis null me Hears eonootitrnteii ,k ,, '-
cehed nere until IP M . May 17 lnm ' attacks and with a considerable measure
and then opened, for ronstruettnu a two- . t
tory tlla Are station SpeclncatlonB, plans ''it success
J?!WAtIuZPW Tl for example. ,y,e not nnh
Reiervo Depot the heaviest losers, but were the first
lo be
Inspiration Cop ."()
Inter-Cons Cor 4
do pref .... 15
Int II C (new). 130 130 130
Int Mer Marine 40 4." 40
14 14
17 17--
28 2S
0S 08..
14 14 ..
40 40..
28 28 W.
00 70..
188 100
00 00
03 03
70 70 I". I
03V
4.r.
30
r.,
23 1
r.o .ro..
4 4
14 14
Wabash ......
do pf A
do pf B
West Marjld..
West Pac ....
West Un Tel..
Westinghouse .
Wheel & Ii E.
White Motors..
Wlllys-Overld .
Wilson Co
AVorth P & M
10
34
2
UT's
10
88
04
10
r.o
03
20
10
33
11
10
H8
54
U
."7
1
m 1
2(1
10
33-
no
11'.'.
10
b8 ..
r.4-
o
GO 1
!!4 33 34
85 8.-i 85
71 70 70
Philadelphia StocJts
n
15 Brill .1 o"7h
Nft
J.OW Closo chce.
4(1 17 . .
f.0 Cuba O H 30 3(1 30 2
110.-. Klcc Stor 75 75 75 1
120O Gen Agph 72 70 71 2
C20 do pref.100 100 100 3
230 I C N A 31 30 30
15S5 I.k S Cor 20 20 20
132 Leh Nav 70 70 70
200 T,ch Val. 511 50 50
LOCAL STOCK MARKET WEAK,
BUT FEW ISSUES ARE ACTIVE
Tonopah-Uelmont and Tonopah Mining Advance, but Ctosa
Lower-Lakc Superior, Asphalts and Cramps Drop
T
The Philadelphia stock market was weak In today's short session, reflecting
harp declines on tho big board and also the 'extensive interest given the Vlri-
2 Ii Schuv'l 41 41 41 V !orr kan campaign on the final day for subscriptions. Outside of a few leaders,
40Mdvale. 45T4 45 45
C05 Pa VI B. 45 45 45..
0 Pa Salt. 82 82 82 . .
001 Phil Elce 25 25 25..
HOOT n T tc 20 20 20
fi Pli Tract 6" 07 07 . .
175 Heading. 80 SO 80
lOSollwy. 30 30 30..
2015 Ton Bel. 3 3 3
850 Ton Min. 3 3 A 3T' . .
142 U ( I... 70 70 70..
800 U S Steel 00 00 00
15 W Cra'p.123 123 123 2
,T?t?l "I". 12.787 atiares. compared
wuri JO, 235 shares oterday thus far this
lv,reJS',0.8401 "hares; same period last week,
3o.o77 shares.
nONDS
lllch Low
Close
CO
Met
chire.
?2500 El & Pc
Tr 4b.. 00 00
1000 Leh Val
Cs 1028.102 102 102. .
8000 Lib Bond
4th 4s 04.04 01.00 04.04 .08
2000 Phil Elce
1st 0s.. 01 01 04
2000 Welsbach
Co 5s.. OS OS OS ..
Total tt'. I13,r,00. compared with 110,.
300 yesterday; thus far this wek. 1230,000,
same perlol last week, 1238,(100.
Local Bid and Asked
Total sale reported on New York stock
Vc,.yinn'n-0-Ono "hares, compared with tC S W
1.7BH,8fiO shares csterday; thus far this , !? f J,a
week, 7.451.700 shares
week, S, 174,10" shares.
samo period last
New York Bonds
Close
00
Sales In
S1000 High Low
1 Adams Kxp 4b, . 00 00
115Auglo-Fr 5s.... 07tf, 07 07
10 Am For Sec 5s. 00i 00J 00J
5 Am Smelt 5s... 00 00 00
3 Am T & T 5s.. 01 01 01
13 ilo Os 103 103 103
I Am Wr Pap 5s.. 00 00 00
1 Atchisn ev 4s '00 04 04 04
81
80
80
7S
O.I-I
1 Atl C L 4s . . . .
1 B & 0 3i ...
3 do 5s
12 do 4s
.". Beth Stl 5s '30.
1 Braden Cop 0s.
10 Bordeaux (is . .
5 Can Ciov.'is 1021
4 do 1931
3 Cent Pacific 3h 84
7 Chile 0s 80
5C & O 4s 80
11 do conv 5s.... 80
5 Chi (It West 4s. 01
14 Chi &Xw 5s '87.100
81
80
80
81
89
80
78
S5
S5
04 04 04
00 00 00
98
98
uoyi
97
84
89
80
80 '
01
100
54
23
uoy-l
0S
84
89
80
80
01
100
1 Chi B & Q 4s.. 05 95 95
1 Chilnd&WeRt 4s 04 04 04
0 City of Paris Os. 08 08 98
12 Erie cv 4s Ser A 48 48 48
33 do cv 4s Ser B'. 48 48 48
1 do 4s 07 07 07
I Hook V-il 4s.. 78 78 78
45 Interh Met 4s. .12 31 31
40 Ix C TtS & M 4s 09 00 00
2 Lehigh Val (is.. 102 102 102
3 I.orillard 5s .... 02 92 02
305 Lib Boud 3s. 08.80 08.(18 98.S0
American Storts
ualdwtn Loco .
Ilrlll JO..
Hull & 8usq
do pref . .
Electric Hlorase.
Oeneral Asphalt..
do pref ... .
Keystone Tel .
do pref .. . .
Lake Sup Corp
uenisn isav .
Lehlih X'al Tr
no prer . , .
Penna. H n . .
Phlla lllectric . . .
I'hlla Co
do II p c pref ,
do .1 p c pref
P n T tr ctfs . .
neadinar ...
Tonopah Ilel . . ,
Tonopah Mln . .
Union Traction
U O I ..
U S Steel ..
Wrn Cramp . Son
Today
Hid Ask
lilj
4(1
70
.il
47
73
r.i)
20
1124
IH$
70
el
75V4 7R 7BV4
70J4 7IM, 72l?
Ollfc 107'li 109
do pref
.1011'
. n
. 48
. 20K,
(ID
. Ml
. 1R
. 2S
45
. 25U
.ll"j
. 29
3d
. 2(1
" IS
39V?
7I1H
B0k
"ii
. 31V4
10
no
2I.H
70
r.nvi
19
45i
Yesterday
Hid Ask
3
n4
73
R3
711
72V4
111.
10
BU
20
10A
MX
19
an
45H
s
48
20 ',4
70
r.MH
17
29
4.X
howeVer, businebH was on a small scale
Further Interest was shown in mining shares, because ot the continued rise
in tlie-prlco of bar silver and Tonopah'-Belmont was more active than anything
else on the list, with that issue and Tonopah Mining each rislug fractionally to
new top levels, for this jcar, but yielded later. Lake Superior 'continued to show
fair momentum, although much quieter than in the previous session, hut it reacted
, following the course of Steel common, which was weak both here and in New
York.
Electric Storage Battery and both classes of Oeneral Asphalt stock weru
unSer pressure and yielded widely, although sales were only iu moderate volume,
T. O. Brill, United (las Improvement, Pennsylvania Salt nnd Philadelphia.
Traction eloped unchanged. Rapid Transit certificates advanced slightly. Phila
delphia Electric was firm hut blow. Cramps came out late, off 2 points at 123,
and Phiadelphla Company cumulative preferred yielded a trifle. N
A small turnover of Mtrivnle wnn recorder!, with (t nrlep tin lo 45T4.
Ralls were Irregular, Reading Company losing a fraction, Pennsylvania Kaln'
ing slightly, but closing unchanged, nnd Lehigh Valley yielding a little. LHtl
Schuylkill declined 2 points on a small bale.
w
Oovcrnorb of the Philadelphia Stock Exchange will probably be called carlr
next week to act on closing flic exchange on the day of the parade of the Iron
Division.
Officials of railroads operating eastward from Chicago and St. Louis stato
that traffic conditions, while holding their own fairly well with recent weeks,
Mtowa large loss ns compared with tho period preceding the signing of tho
armistice.
Business in the large industrial centers which arc covered by these lines)
continues to hesitate because, of the curtailment in the output of the large steel
nnd Iron mills as well as those depending upon the industry for their main
tenance. It Is predicted that this situation will prevail for some time unless
prices for steel have been fixed on n basis which will satisfy the government and
permit the latter to buy the necessary steel and iron to meet the requirements
of the railroads in their rehabilitation plans.
Officials of southern roads state that traffic is close to 25 per cent under a
year ago at this time and that while general merchandise nnd mibcellancous
tonnage shows an irregular trend, it should not he expected that business In
the south xv ill approximate what it was during the wur. Comparing with normal
conditions, trade and traffic are favorable.
NEW YORK BANK STATEMENT
4(ivl o'g 40H
:iV4
2lHi
811
.it;
3V, 3
40J4 39
70 n
09 1004
12B 124
flVi 0V4
33 32
;inV4
8HH
S4
3H,
40
7(1 'A
ionJ
127
10
32 Vi
Increase In Average and Actual
Loans Average Reserves Higher
New York, May 10. The New York
bank statement this week shows in
creases In average and nctual loans
and again in nveragc and decrease in
actual reserves. Deposits arc higher.
Details follow:
AX'nnAdE
GAIN-IN BANK CLEARINGS
Business P. a D.r r.nl n ...,.- Tl.l.'l
...... ... . , vw,, uiwhw, inn,, il
Italia
Net demand do-
i posits ... . 4.n2.23B.non
'CI ..Jill' UPnilKllcl ,...! .,
circulation .. ..
.'ash In vaults
Ilesere In mem
ber banks ,
Iteserxe In stato
nanks and trust
I5.000.105.ll0l
38.782,000
118,2(111.000
eserve In stato
Same Wiek Last Year SSRSw" V.SS.T.
Total bank clearings of nil the clear- LiigreaatVreVervo
r.iD.BRS.ono
12,101,000
Inc.
KI0.7(t.UOO
33.9.14.000
i.r.H7.oon
1118.11110
802.000
8.081.000
1.11.000
ing houses of the I'nited States for the JjMervo rexiuT?ed.
-. .... . Ktlrnlun
12.2B9.nOO 3(18.001)
.174.021.000 8.MI8.0IH)
r38.33.70( I.4B7..10O
week ended today were .$7,005,055,727, " tSnited m..i deplts'deductel'"t2ni..
against $7.3(18,055,045 last week and ,BnICl,..
o .iTn crn. i,,-: .,., ,. ,.. iecredse.
tw,-hj,oou,iu.i mis week last year, or j
a gain ns compared with the same xveek '
in una ot .,j per,ccnt. Total clear- Net demand dep
ACTUAL
.S,02n.7B2,
74.121.987,
000
lags in Philadelphia were .$332,020,280, iJci'Ston"".8 "s.'Sfrooo
ugaunsi. .Mo,uoi,nui last year, a de
crease of 1.0 per cent.
Details foljow:
. lam lois r!c!
f;ew Tork.l3.13I,n(19.(18 J2.703.27B.244 IB 9
Mliirlcd mil. TeHS (niiiii:in
...Jiurnu- . idiopped below I7S, Ro.Mll Hutch to 111.
Columbia Granhophone Manufacturing Co. '.Mexican Petroleum ciuc i,, iso nnd
puKKKiinKD i.iviiiKvn no r, ,,.,
k nuarterlv dUI'lend (N'o .1) of one .ind
do pref 118 11(1 117 1
Intend Paper. 52 50 50 1
Int Nickel 25 24 25
Jewel Tea 38 37'-. 37
1
Steel w.iv down not much innrr
iinr .iiiii . .i , .
'fhree-mmrlern (ix4en has been rt,rert .!. n oun .iini-r.ciiii i in- nun I'l.u.i-
.??" i" .i"x."'r, i',tf"v::.i...ur. 'v.- ''' '" " '- "".' i--
pany, pajalile Juh 1 Hill, lo sin, klioM-i . 1 he copper" weie fuirl steinlj nnd
of record lit the ' lo" of burine .un Hi I . . ,, ,.s l,,,. i ,!,., ,,,.,. in ll,,. , i t
1911). Transfei l,ool.c MII mil b. . ised Ilieie Wll bill llllle I n.lllge 111 llie Hills
C x WODimoi" .mi' in ii few exceptional can's like
"s"r"' iTexns nnd I'ncihc. which under the
Columbia GraphopllOne Manufacturing Coi'-ircum-tnnco-, ma be regarded a. nuidi
t COMMON m IDKN'D no r, nn oil ncL us :i r.iilrond.
A quarterly tlivuiend (.s'o .1) of S2..10 In , . t , .-
ash and one-lwenlleth (l.2(. of ,i khar- m The iiKiteinenl bore no relation to
wm!?," istk,,,h" "Z 1"llale,J i"Mlle neK doM'lnpmenti,. It heemed to be
WW 4 !'' ll IRM. Olin.r U IHC 1U , B gt t . t -. f
n.A .inL nt Iia I'ni.m.KU n.i....t. ont I rol (i no if i im ki itt it ii lum liennitli t 1 J jlmH. IjCiCO
imfu nun ki hi it oiuiiiuui wini'liui-'ilUII ' "" ", i nx wi ,,"i i iihi-iii in ifiiff.iL i .. . ., ,
llanufacturlnff Conilun. to stockhol.lers of ,,.., ... , I. , teelinicul linvitinn nf H,n il'i1. A..111!..
record nt the clone of bualne.s June lu i"J"1" " '" tec linn III position ot tlie Nat Aniline
XU19. Transfer books wi I not be , ie,i , market itself Short helling and reali.- 5.' An,.e p,V,,iiip,,k
etn.L Kptoirs
.Mn-Ilrlt JlfB
Am Maiiom
Am rltlnK Porei
Air lleilu, Hon
Canadian .'nr ('o
fon ("nr (. Ilh pf'l
.'harroHl Iron
.'h, rokl Motuis
.'rump
CurtlwR Aeropl.ine
Tarwen Tool
I'arbon Steel
Ilmerston Phonograph
Hendee JlfK
l,ako TornedoboHt
lhleh Coal Hdlea
Xesl
llld Al.erl
-ll's 11
Il
l's
Ili.ime (111 from 13 to 12'.
Ilajden Chemical was traded in on a
lurge scale at ll!)s to !lt. Wright
Martin was al.so heuvilj traded tu at
to 4 mid (teneral Aphalt sold Kelly-Spring .124 124 124
at 72 (o 71. Kennccott Con 32 32 32
IMilTltl.ls Kes T & H. !M! !15 1)5 VI a.
('.L0,;', I Lack Steel ... 74 73 73
!!' ll,eh Valley .. 50 50 50
I,ee Ittlb & T 33:)', 33t... 33-)
Loose-W It Co 5S7H 5S 58 2
do 2d pref ..107 107 107..
Lorillard P . .1(511 105V 1(15 1"
do prcf ....108 108 108 lVi
Mauhat Shirt .113 112 113 14
Max Motor .. 43 4 US, 43l4
do 1st pf . . 08 0S C.8 14
do 2.1 pf ... 33 33 33 -f-
M115 Uept Strs. H3 02 112-f-
Mex Petrol ...18!t I8OV4 18044Vl
Miami Con Cop 23 23- 23's
vonmtoi
Treasurer
TIIK WKST IMIll.ADKl.Pllll TITI.K VM)
TIll'ST f DMI'XNX
FlladelphiH. M.,v Hth lltpt
The noard of Dlreetorw ha,, tbu ,1,. .1.,
rlnred h Keinl-annual .,enil
I'KR CK.XT, clear of Ihx
19111. to MocunohlerR aa reelKtere,! on h
111? on iinticr urn lis went hlinil in innil. Otis l.levtilur
,. , ,1 . .1 , ,1 IVerlesn Molor
It whs not at all apparent thai the pmiin Rnit
bull iiinxemeiit hud dclinilelj tome In an su'nd!i'r'l'',Moiors "
end , Steel Allo '!
steel, hnilkei'h' I snift' tut, nutlonal
'ss in nrriMiic il io-mi .'"
Sll
ID
'I
:u
III
II '
ni "f si (in n open m.ii-Kct for s
vabl.. .I, , , ,.i., I'nntm,
Tj1 iVIUi i riuiRiiunirin i iriimirreii nn tf I s n- r ,,. . v , ..i.,,i 1.1,.,
lit?rs?vot."?r;u,rnK.vIv,c " nr "nr;1 '"''l" ,,,,'0Br!,INir1:'-" ,
Gfj! - ;loseil from Ma 21 t .0 .lime ; lull. lol the benellt of the rails mill nil 111- f.nlted I'rorl . hharl:
diluted ot ersuliscriplioii to the Victor i -nM,j .MtrB
21.
17
. 12
111.'
1",
Le
in.
s
2fln
12U
II
r,
.i
.,'.''
"ivi
S.'i
.11.
:ii'-i
s:,
r.o
10
"h'j
H
IV.
..2'd
l.t
In,;
11.
2'
:il
'.Is.
Mid Steel . .
M Ix & T ..
do pf .
Missouri Pac
do pref
Nat Acme
45
10
17
31
55
3(5
I Nat Cn & Cble 10
45
10
10
-"
55
30
18
45
10
IT 1
:io
"""JK
.'"i'l
10
Nt Kn & Stixl 02 02 Vi Kl'A
UAI.rH I I.KVKIl NU Treasu"
Ipgy-OOKIH rilll.ADKI.rillA iKlsT Libert 1 .0:111 were all constructive flic- World Film
W rluhl Marlin Air
sTAMIIII Oil,
v.Ul.1 rt. i . I,,,,, nf 11,,. I'.rw. iiitoeod.
1'lillartelphU. Jlav G 11.19 '-
Tbe Board of Directors hds this day I Willi the exception of Ihe oils and),,,,.
declared a semiannual d t denel of (l-. nv. .. .,.-,; . .. . Illinois
M. at onco lo stockholders ot reLorrt of ' " "'" iniUMiiiiui snares nie opening Ohio
M.yl. Chka jtnin.a.le, j spa ,, ,, ,,, s.,n.r- cases eten j l-rjlrl- .jj
Secretary ,nrni. anil lit tlie en.l ot llie tirsl Hour
- -- "--- there weie some signs of stiffening all
rilxKn-.K MiTlth lnK the line There was, in truth.
'KtlTICK ! HKKKllx C.lhN ril XT AN hi.iiiething of a disposition among mar
application will bo made to th,. (ioternoi ,., i, .,., ,,, . IM.,- tlie hl.n1tii.ff-n.it
ot tho male of lvnnaMtanla on Muj "0 K t oDserteis 10 xiew uie hiiaKiiig-ou.
A. 1, 1019, bv Joseph I). Haves v Hurry ' process as 11 wholesome proceeding for
llarnes, Jamea II IrMn llrorse w Craw ,1 .1, , .. tl.n ilw...e, II, n. sncli n
ford and Hiram Holland under ihe ait ,,f the null ket, on the tlieol llial sucll oc
Assembly of the Common, alib or Peon- canoiinl ( 01 rectltes might prexeut the
lva.tla entitled "An act to provide fur Ihe , 1 1 . .... !..,,. fnn,i
fnVorporatlan and reKulail.,n of .-rial.. ,0" sort of clash which man hilve feared
fioratlona H.inro.fd ADrll I'll 1S74 ..,,,! ti .1., u tl, ,'siilt of the .ir,i.
Li.ni....un, .,;...-..... r.r. ,i7- ....;.':.'' 11. . Kit. ,-wum- .,,- ..- "- ,--
Stand O'l of New JerBej 73.1
IMan,l oil of New lork nsil
.1', :.',
sTorhs
1S7 II..'
Sill 398
303 30S
2SS '11 1
114.00 03.02 1)3.1)1
05.70 115.70 05.70
05.1S (15,0(5 1)5.00
05.0(5 05.80 05.00
04.00 03.04 (13.04
04.11 03.04 03.04
00 nn nn
it.,
3'.2
IMir.l'KMIKM' Oil. hTOCKs
eu"or,nv-4i.n ,ur,r,, i,r uie iiMrier OI ail , , - .. :....
fhtended corporation lo be called The Kiluurd longed forward HWIIlg
It;. torijoriinon. iii--cr.arii.trr and, it ...,s ,-vidcilt that support Wills
object of which Is to punhase wll, hold. " ", , . '', ,
Usasr. mortKaL-o and deal in real rsiair to tin own into the market 111 the second
.txnpruvr real estate and lo lend money m, , , D .,ninu nr ..
a, .-'fral rslatr. and for these purposm in hu. Hour in iiiiiiirroiin . un.--. ,.- ... ..
i ' Ml.d possess ann enioy a lite r ahls hene. '....i., n.. ,, wore ellecte... 'l exns 1 011.-
IfiU, !nta and prlvlleees of the said act of Aasrm ' , 111 ...,.. wj fi-
A W? anil IK supplements pan, for example, hold abow J84 after
?&p, a kdwaiu. nici3nsj. hu,inB Kone as low an 277. Steel held
-. I- f (12S south nin.r.mh ii ,.inco in nor Trudinir wiih extraor-
GOVERNMENT BONDS
H fi
-p. v .' .
1 J. -
n 'At
till ,, inn lOUOtm 2s. 193R
J "tAlVnam reulsiered if. I93U
"tianm coupon 3. 111)
rljlplMP -IP. 1UM
pptno. ii, .u...
Mne 4ji. 19.1U .
(lor coupon Ji, 1V3U
t(Jor rexUterrd ', in.io
i-'Uov couton 3a, 191(1
Quv rrsisierd 3. 194f.
t Oor coupon, 4. Jft?.r.
i Oov fulBtffretl -1m, lt:..
. jkojuinoia a-Dn. iw.-i
-' Wi
Vim
:.
ns4
us',
wsi
nsI
mi1,
nu'-s
no
HI)
no
us', J
h
mi
KM-,',
1o.iV
7
AsKrd
liliu
mii,
1.2
1)2
I'll
mi
n.i
wi
US',
2
112
loa'i
1(104
100
RAILROAD EARNINGS
ATfHIfiON TOI'KKA AND
8ANTK FK HVHTE.X1
IftlD Inrrrase
aross tl3.h98.017 1131,038
IK after taxes l.SIR.Ja? 2.n74.07
operaiiru; income1 i,iv..tn 'z.asw.-iiT
nwnins areas .ni.-i.n,,, ,i,v,h,rm
atlrr taxra A.170..X27 2.H0.7n7
twn.ttns Inioioe 11)38 J21 2D0.X,1I
Ilani"!! nil l.as
Commonwealth
I'oridru ii Co
Elk Itasiu
Federal Oil
Inter Petroleum
Houston oil
.lerrltt oil
Midwest Rellnlns
Mel Petroleum
Ohio Fuel
Hapulpa IteflnhiK
Seiiuo. ah
-Sinclair
Island
(llenrocl.
l7Va
10
11
A,
17
II
31. 3'
3.1 33 k,
12.-. 130
32', 32",
11.11 11.2
. 3? :Pj
ia ".x
IU
7
18
1.)
11
:i
32.
laaw
a:i
iu.x
t.
.11'-,
7?.
MIMMI STOCKS
v
dinnrilv animated, the turnoer iu tint
tirst half having been well in excess
of hnlf a million shares. Foreign ex
change was featured by lirmness yi
Sterling and weiiKiiess in irancs, uie
hitter decling to (i.lb, the lovest point
ever touched. Libert Itouds were
iieav . Corn nnd oats were uuder
colisiderable prn.nu re.
While the weather litm been K.me
thing of an adverne factor in general
business condition!), progresn Is vlidb'e
in numeroua lineH despite it and de
spite nlso the preoccupation of busi
ness and banking IntcrentH In tho Vic
tory Liberty Loan campaign, lie
tailer and jobbers' stocks have been
allowed to become depleted and there Is
more urgent demnrlil lu consequence.
Iliuinesa recovery is, in short, Bteudlly
widening in nreajnd that virtually in
all branches of the mercantile trade.
lllu In-dn,
tlostou & Mnuuimi
Hutte New York
Con Arizona
C I S & Jerome
First National
Coldrield Mcrtjor
Colilfleld Cons
lloldheld Ftoience
Cloldnetd Kewanas
(Irrrn Xlonsler
Hrcla Mlnh-K
Howe Sound
Independence Lead
Jerome Verde
.Mm Iluller
Jumbo Kxleiihlon
Mi-Kinlo l.arraKh
Majrnia Cotiper
Mother Lode
Xtlnea Co Amerlra
Nevada Hills
Nevada Wonder
Nln'aaltitf
Ohio Copper
Ita Hcriules
Hall Toy
Twnopah Ukteuslon
United X'erde
VVrsl i:.id Con .
While Caps
lerlnaton
IIUMIS
Kethlrl.ru. :- . . lni'.i 101',
C'osden Oil I's . 113 97
Cosden t Co "" ';1 7
Cudahy X , .102 1(I2!
nusslan Government QVti -ID I"
do s 8., (ID ,
Southern Railway ." , . nH bttK
.Sinclair Oil lis.,., .,,.104 108
Ti-l-1 fhlpbulldlnE Ha mt in;
70
5.
17
II.
1
3
".
31.
13
III.
2K
III
II
', 7
2S
37
U
31)
II
73
.:,
.it
ii
2d
II
r.V.
4'i
4
I'l
ir,
ii.i
31.
14.
I
12S
IK1
7H
n
Hi
to
14
II
2i 2H
38
ISA 2A
3 211
7
Nntional Lend. 74 74 ,4
X HUofJlx2d p 0 0' lUs
Neva Ton Cop. 10 10, 1(! ',fc '
X V Cent ... 77 70V4 -(ii "4
N Y Dock ... 27 !i 27 27', 1
NY NH&H . 30 2W; 20V4 if.
NY Ont & W . 21 , 2l. 2P;..
Norf . W ..107 107Vs 107i, i
..... i , no, ,, , , .,
Nor racinc... in v.tu i'l Vi
Nova Sco Stl 01 (51 01
Oklahoma 1V& 1- 12 :)s
Ohio Oas .... 48 40', 47 4 1 ..
Ont Silver .... 8Vj 74 S'j l
ran Am I'et. 03-y, 80 80..
do pref ....lull 150 150- 3
Peiin R H-.. 4514 45 45V, Vt.
Peoria i T.aht 10 11 10 ..
I'eo C.as & C. 40
Peru Slaj-quet, 20
Penn Scab Steel 32
Philadelphia Co 40
Pitts & West 37
do pref .... 81
Pierce-Arrow . . 51 Vi
do pref .... 105
Pierce Oil ... 28
Pitts Coal .... 55
do pref .... 87
Pond Creek CI 17
Purita Aleg Sug Ml
Pressed Stl Car 78
Pitts Steel .. 30
Pullman Pal Crl21Mi 121 121 .
Hay Con Copr 2()'j 3V4 20
Heading RJIU 85 80
do 2d pref . . 38 38 3S 1
Hep Ir . Stl 84 83 83
do pref ....103 103 103 -f-
Royal Dutch.. 110 111 111 4
no,al Dut (n)117 111 111 4
132 do ev 4s.
3 do 1st 4s
1250 do 4H
30 do 1st 4'4h...
50(1 do 2d 4h...,
1030 do 4th 4s...
17 L.xons Os
215 Marseilles 0s 101 100 101
JMidvalc 5s 80 -S!)i8 89
1 Mo Pac AV L 5a
1005 87 S7 87
13 Mo Pac gen 4s (12 'j 02 02
2 Nat En f scp 5. (l(!4 00 (1(1
5 NYC . II 3Vjs 72 72 72
24 do 0s 08 OS OS
2 N Y'- ltws 5n.. 12 12 12
10 Nor Pac Is 83 83 83
SO & WR&N 4s 78 77' 77 Vi
10 Pac Tel 5s ... 01 01 01
4 Pac Gas 5s ... M fic 8(5
2 Penna 5s 'OS . . 05 05 05
10 Pierce Oil fls '20.130 130 130
52 do 0s '24.... 112 108 110
2 Sinclair O V 7b. 142 142 142
107 do 7s (10 09 00
SSoiIth Hell 5s .. 00 00 00
24 So Pac cv 4s . . 83 83 83
14 do cv 5s 107 Vi 107
7 So nwy 4s 08 0S 08
1 do 5s OSVi 08. OS''
0 V S Rubber 5s. 88 88 SS,
(54 U K of f! It . I
5s 1021 .... 08 0S 08
44 do 5Vs 1037. 09 09. 09
Total sales. 18.317,0011, compared wllh
$12.3HU,0oii jesterday. thus far this week,
1.14. 283. uoui fcame pcriou last wceK. !!,-.101,000.
4ft2.078.8in
.132.H2.l,28n
2.XI..841..I8II
171. n77,033
121, HOI, ltd
US. .Mil. Sill
lia.4ns.4nx
70. 18.1. 24 7
-i7.122.9l.-,
.2.08.-i.47tl
421.27ft.X17
338.031,801
:.,n.uj7, in...
AH. 028.889
lni.76B.li07
4r,.r,'jn.(i80
M. 280.240
ri2.9n2,42
Chlcajro
t'n.la ...
Boston . .
Kan City
Ht. lnula.
San Fral.
Pltttbumli.
Deirolt .,
Rattlnvire
N. Orfe'ns
Kiev'., cltlea
5 da..4.841.010. 193 J4.3K0.208.002
Other cities
.- daja . 8S.-.497.niR 820.Iln.577
T'l sll c-ltle-M
r, dais 1.1.729,31)8.113 .'.18O.358.470
All cities
1 day.. 1.273.407.(114 1,281,491,98(1
T'l all cities
fnr Wk 7.n03.00X,727 in.47O.8,-0.4(l,".
Decrease.
7.3
l.B
1.5
Cash in vaults
Seserve In mem
ber banks
Reserve In stato
banks & trust
companies ....
Reserve In state
banks & trust
company depos
itories AgBreg-, reserve
1)9,387, 0U0
D50,481,OO0
J102.000
81, 334,000
O82.UU0
298,000
4,710.000
8,323,000
700,000
104.185 f.28 4 5 ' ,,;.'" 7.",.'d
13.'..79.87l. '10 3 "r'fe rw,d
!.
5.3
54.2
5 2
1.7
10.0
8 0
10.4
0 5
Surplus
III n I ted States
7.W.IIU0
Decrease.
I2,oin,ooo
ri81,3OU,00l.
54H, 183.(110
33.122.1)90
deposits d, ducted, $210,-
81.000
9.040.000
lO.lllll, ItIO
1,021, 100
RECESSION IN COTTON
FOLLOWS GOOD START
Wall St., Liquidation, Realizing
and Southern Selling Orders
Factors in Market
OUTSIDi: DANK STATEMENT
BTATU 11ANKH
Loans and Invest
ments Oold
Currency, b a n U
notes
Deposits. Federal
Itesere Hank of
New York . .
DeDoslls
Reserve on deposit
817,848.Rno
8,432.200
J13.452.ROO
117,111)0
2S,315,300 1.737,900
r,o,o5".noo
721.39n.llH)
1111,928.41)1)
MONEY-LENDING RATE3
PHILADELPHIA Call, 5 per
cent; time 5 KG per cent. Commer
cial paper, three to six months, 5Q
5 per c.cnt; six months, 0 per cent.
Reserve Banks' Discount Rates
Official discount rates at the twelve
Federal Reserve bauks were as follows:
(The first column gives the rates for
all periods up to and including a fifteen
dajc maturity to ninety days. The third
and fourth columns are the rates for re
discounts of collateral loans secured by
government bonds or note.)
Com' I paper
in to 00
If. days d-avs
Ttoston
New York
Philadelphia
Cleveland . . .
Richmond ,
107 1, 1 Atlanta ...
!ii? 'Chlcas-o
Minneapolis ..
St. Iyouls ....
Kansas City
Han Francisco
Dallas
Govt paper
la to 00
15 daa days
4
48U
40. 40
18 !(
32 32 '
30 40 ..
30 3(l
81 81
50. 51
105 105 ..
2(5 20
M 54
87 87 . .
17 17 Vj
50 5(5
70 78
30 30..
4U
4
4Va
4
4
4 J
4V4
4I
4"?
4;
4as
4
r,
5
4!i OS
4
4
4
4
41;
4
4
4
4U
414
3.032,300
U,'.'3t1,IU
l.l.
Percentase of refleive. 1.1.1, Increase
TRUST COMPANinS
Loans and Invest
ments .... ...J2.03fl.39.X,300 108,(102,100
Oold 12,227,000 682,800
r-nrmnr-v. h n t, ir
notes 21,347.000
Deposits, Federal
neservo Bank of
New York 214,88.1,700
Deposits 2, 10'., 528,611(1
ne-tervo nn denoslt 312.507.300
I'ert-cniaee or. reserve, ..; increase, ...
STATK HANKS AND TRUhT COMPANIES
NOT REPORTING TO CLEARING HOUSE
434,700
1,78(),00
43,48,1IH)
l).'UU,M"U
Loans. 1 n v o a t-
inenl. .
(lold .
Currency bank
notes
Depotlta Federal
Reserve Bank of
New York . . .
Total aeposlts...
Net deposits
Reserve on deposit
Percenlase of reserve,
Decrease,
(808,501,300
7.888, 000
01,010,1100
in.nnn.iioo
844,474.800
73l),flHH.80l)
130,551.700
115.888,300
75,800
filO.700
883,000
13,133,800
14,31,200
2.534. fiOO
20 4j decrease, 2,
i
At'.
al stale
4 1 40 ft
4 I Kl
411 ! Arm
BUTTER, EGGS AND CHEESE
Hixon Motors. 8
St Ii 8 F ... 23
do pref .... 32
St L South t 21
Scab Air Line 0
do prei .... 20
Vn 8 Vfc
22
31.
21
!
20
31
21
20 .
R. R. FINANCING PUZZLES
Bankers Say Drain on Their Funds
Has Become Too Great
New York. Slay 10. With a view to
obtaining relief nt tlie earliest possible
moment from tlie burden of financing
representatives of the railroads, bank
ers Infill a conference yesterday with the
Association of Hallway Executives in
the offices of J. 1. Morgan & Co.
The hankers made it clear the drain
upon their resources caused by the ne
cessity of advancing funds to the rail
roads has become too great. They
suggested an organized effort be made te
get the forthcoming Congress to expe
dite legislation which wjll replenish the
revolvlug fund of the railroad admin
istration. ltankcrs, in co-operation with the
War Finance Corporation, have taken
care of all tlie requirements of the rail
roads, aggregating about ;sr,lHHl,(KM.
Of tills total. $(10,000,000 was reoulred
May 1. The balance is to be advanced H
in tlie course of the month, Tim bunks
furnished S40.600.000 of the funds du
Mny 1, of. which amount $34,000,000
was secured by notes with collateral
and the balance, by unsecured uotes.
Drag River for Man In Camden
The police of Camden are grappling
for tlie body of a well dressed niau who
is believed to have jumped from the
wharf of tbe Camneu Cokc-WorkB early
this morning. Ilerbert Jones, fore
men of the' plant, said the man walked
out to the end of the wharf and disappeared.
FOREIGN EXCHANGE
New York, May 10. In Uie foreign
exchange market today u new high
record on the movement was established
in sterling nt 4.00 for cables and
4.08 for demand. On the other hand,
francs struck a new low record iu their
history at 0.1(5 for cables and 0.18 for
checks. The general market was quite
irregular.
Quotations were:
Demand sterling -1.(18 Vs, cables
4.00.
Franc cables 11.10, checks (5.1b.
Lire cables 7.57, checks 7,50.
Swiss cables 4.00, .checks 5.02.
C.uilder cables 30,8, checks 30.
Pesetas cables 20.27, checks 50.18.
Stockholm cables 25.00, checks 25.70.
Chrlstiatila cables 25.40, checks
13.20.
Copenhagen cables 21.50, checks
24.30.
Ruble notes nominally highe-- 12Vi
New York. Sliv 10. HUTTERRelpts
14,315 tubs. Market lower and unsettled.
Hlaher scor ns. 5014 CROc: extras. 6Dc. out-
islde; firsts. lV7tt O.'Vvic; seconds. 5537c,
stale dairy, o?tt waattc, imitation creamcrv.
otic.
oaa RecelnlH. 32.183 cases. Market
Arm Fresh satherc.l extras 4814 (HUc;
stnrairo packed extra Arsis. 48c. Inside:
aloraco packed firsts. 4111a (tl47uic-: gathered
exlra lirsts. -M Mec; norinern nrsis. -iO'H
47c: dirties. No. 1. 4114W4214c: No. 2.
3741c, checks, 4fl$r41c; stato and liearby
pennery whiles. 53c. Inside, .fathered whites.
l&fU2:s vvesternwhltes. 4841 32c; western,
southern gathered whites. 47G$51c: stato
nearby hennery browns. riO.Mc; gathered
brovvns andAnlxed colors 45($4Uc.
CHEESE Receipts 4215 boxes. Market
lrreuular, Flat colored average run. 32c,
Inside; flat, white, averaae run, 82c. Inside;
Inside colored speclalV, 32U & 324 c; whites
snectals. 32H 32',c; whole, cheese, 3S14 il
39c
COTTON BELT WEATHER CONDITIONS
New York, May 10. The following tem
peratures were recorded In the cotton belt
this morning; Oklahoma and Nashville,
52, Memphis, 54; Little Rock. Abilene,
Chattanooga Meridian nJld Knoxvllle, 58:
hhreveport. San Antonio, Vlcksbure and
Atlanta, 5S; Galveston 02: Montgomery
nnd Thomssvttle. HI. Cornus Chrtsll Nvv
Orleans, rensacoln and Augusta, 8B; Sa
vannah. '18; Wilmington and Jacksonville,
70; Tampa, 72 There was 1.B4 inches of
precipitation at Oklahoma: 12 Inch at
Memphis: .08 Inch at rensacota, .2fl Inch
at Montgomery. 04 Inch at Knoxvllle:
.04 Inch at Nashville; .20 Inch at Aucusta;
.01 Inch nt Atlanta and Charleston, ana
02 Inch at Savannah and Wilmington.
New York, May 10. Liquidation by
Wall street, brought about by unsettled
conditions in the stock market, realiz
ing by commission houses and some sell
ing orders from the South, led to re
cessions in cotton today after a firmer
start.
Toward the end the tone Improved,
offerings being cheeked by fears about
over-Sunday weather in the belt nnd
larger sales of the spot article In the
South.
Reports from the goods trade were
bullish, reflecting strength in all de
partments. Sales of print cloths nt Fall River
for the wek amounted to 230,000 pieces
nud exceeded the production. The week
end statistics were about a standoff and
were not a factor.
Trading throughout the session was
not very 'active.
Late in the morning, local covering"
and renewed trade buying promoted a
partial recovery. The close was steady
at a net decline of 1323 points.
Yes. close Open. High Low Last
28.33 28.28 28 83 28.10 28.12
..20 110 1H.78 2H.II8 -.'.LIU J.1.77
... 23 .- 25,115 23 H5 23.(13 25.65
. . . 25.24 23.30 25.85 24.00 25.02
.. .24:75 24.8(1 24.80 24.4(1 24.35
24.44 24.52 24.35 24 18 24.23
24.1.1 24.25 23.83 23.85 23.08
May .. .
July
September
October
December
January
March . .
Cotton Buyers and Sellers '
New York, May 10. May Grun
thal offered. Julj Ilnrtcorn, Kimball, '
Newman, Riordnn nnd Couo bid:
Burnett Orvis, Ilurtlctt, Johnston and
Oardoza offered. October. Kieffer,
Schley, Cone, Johnston, " McFadden,
Wenman, Newman and Martin bid;
Downs, Sellar, Krwin, Cassard, R.
Hubbard, Jay, Ilynian, Waters and
Montgomery offered. December Sigel
bid ; Ilnrtcorn offered. January
Schley and Steinbacher bid; Wicck
offered.
mn
No Change in Refined Sugars , "
New York, May 10. Refined sugars
are unchanged at l)c less 2 per cent for
cash. Raws arc unchanged at 7.28c, delivered.
Rain Halts May-Day Festival
Rain council the abandonment of all
outdoor features in the May Day Festi
val being held by the Ilnddnnfield, N.
J., Methodist Kpiscopal Church. A
concert by the Men's Uible Class Bnnd,
directed by Oeorgc Watson, was given
at the church and a supper was-aerved
late this nfternoon. The baseball game
and a Maynole fete, in which hundreds
of children were expected to take part f,uc,J
had to be abandoned.
: . ,; :?
As'
No splash or drip. No sink complete -with-
t tuem. i'im.iivo snui-on saves water,
ik rour plumber for Sarin's Hwan-neck
THOS. SAVILL'S SONS
1310 WALT.ACK NTREKT
BANK CLEARING8
Rank clearings today compared with cor
responding day last two years:
rtos.nn.. .IV4V!,47I) r,l. 4.18.525 37,84-',:n..
Phlla 62,874,700 1)2,341,033 02,443,080
N, York.700.840.120
BAR SILVER
Commercial bar silver was quoted in
New York today at $1.11 an ounce, an
advance of fi
Fire In Wlsilnomlng Station
Fire was discovered early today in
the coal pit at the Lardnfr's Point
pumping station, Wisslnoming. An
alarm was turned In and the blaze was
quickly extinguished by Engine Com
pany No., 38. It is thought the fire
was caused by spontaneous combustion,
The damage' was about f 100,
MERCHANTS.
If you are a grocer, druggist, hardware dealer, tobacconist, elotlittr,
furnish1 jaweler -3ty kind of a torJipr you shouldn't wait
another dT before' subscribing to the Retell Public Ledger the now
twice-a-month periodical for merchants only. Subscribers say thoy
bare been waiting for it for years. Not a trade-paper, but an Inspir
ing news-magazine that interestingly tells ell sort of things tbat
merchants want to know. Business problems salesmanship, buy
log, accounting, the handling and training of help, credits, delivering,
advertising, collections tbe Retail Public Ledger tells how they
are all being solved In successful stores. Entertaining fiction dealing
with the sentiment and drama of storekeeping, anecdotes, Terse, pbo.
tographs, news of big movements for merchants' benefit three
pleasant hours of entertaining, helpful reading in every issue. Sub
scrlption price, 1,0 cents a copy, ONE DOLLAR a year (24 itiqes).
Just slip a tlollar Into an envelope, with your letterhead or name and
addrs.es plainly written, and it will be sent on the tirst and third,
Tuesdays of ovary month for a year. Address Retail Public Ledger,
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