v"f a '-"i 'vmvw 1 V. ' Y iv1 I-. tf'EV Jci.iT' S"'' !.. f't '.,, .0 J r v . , '.1 V Vk i. ."'A .,. EVENING PUBLIC LEDGER-PHILADELPHIA, MONDAY, MAY 12, 1919 i'J .' J U bo s -Sll It 'ri liV" 'SI' el" at I into I'rw'fi" r Brt V" l.n no tie cere ."Jc fcie y Tho following companies offer INSURANCE of all kinds 5MVMtttMnVMtVWWV ESTADL1SUE1) 1663 WHY you should place your Insurance with us. We are brokers not servants of Insurance Companies, but YOUR serv ants only. We have a Schedule Rating Department for the purpose of securlnsr the lowest cost in Insurance with safety. j Telephone or write for our S ' representative to call. j Beidler and Bookmyer INSURANCE nnORF.RS J 424 Walnut Street I New York Branch 2 95 William St. Jht OMmI Tiitt Company In lac Wtrli &cal (gsstatc (Eitle Hfasurant attb (Ernst Company of $f)ilabelpljia 523 Chestnut Street Atrross from Independent nan WILLIAMS C& WALTON General Insurance Agents Nos. 416-420 Walnut Street PHILADELPHIA MftM aaB The Home Life Insurance Company OF AMERICA 108 WAUSCT STREET Operates Under thr Delaware Registration Law Kerry nollry Ja registered anil sew tared br eUnnsIt of approiea seenrl ttes with tfca Insurance Commlaslvnef 'fblf Conipftnx haa $800,000.00 ow on deposit sa security for Iu pellcjholders. , uttuumiift uTr,' Commonwealth Casualty Co. Philadelphia's Oldest Casualty Co. Built on Clean, Conservative, Competent Business Methods" Ask Your Broker for Our Rates or PJtone Lombard 2381 $3S5MS!iSISSSffl5ffl5!&SfiMdffl&S&k n was 1 fennsylvama Mutual Life Insurance Company I Incorporated by the State I of Pcnnsulvanla I hoMii OFFICE THE PARKWAY at 16th St. rmr.AnEi.rmA. rA. THE INDUSTRIAL Health, Accident and Life INSURANCE GO. The Largest and Most Progressiva Ins. Co. of Its Kind In America Men and women are Insured for weekly sick and accident bene-. flti up to 110 per xveek, and burial benefits aa high as ZE0. Great care Is exercised Iu the management" of the Company. N. E. Cor. Broad and Arch Philadelphia, Pa. JliflilBltllfflill'llil'JIlillllEilllllllllllliClianiBIICiffHliiiaililllllliB TAXES Corporations claiming a n abatement in Income Tax for fjiJS8 ' are required to give a oona. We furnish such bonds promptly and at lowest rates. Harris J. Latta Penna. Building .15th and Chestnut Sts. Locust 78 riaee. S431 . Imiu U'll'I'IC General Accident. . " Fire and Life . Asaurance Corporation, Ltd. FREDERICK RICHARDSON United State Manager -J Gnntral Rulldiin 4tfc a Walnut StreeU, Philadelphia . j to . i. ' yj.'nf, y. s-. i r. . tj T a. r GOSSIP OF THE STREET . BANKER THINKS , FORECASTS INDUSTRIAL BOOM Local Financier Declares Public ! Favorable Developments TN TUB paM," said n well-known J- the stork "mnrkft hns been looked the Industrial world ratber than reflecting horn. There ii do Rood rcnon why (hpro should be any change in that position now. The twenty-sixth tonaenitlvc over-a-million -share day (excepting Saturdays) ha been paed. and nothing has turned tip to indlente there i (jolnjc to be any slonltiR up. In fnrt." he added, "everything points to the rontrary. The financial hlttory for many years past would indicate, wc arc comlnc closer to some importnnt developments in commerce and finance." Continuing, he said it was evident that the public i In this mmket and has sensed the developments in industry nnd commerce which it feels are coming. "This Is what wc look upon as the psychological nngle of the phenomenon, but It Is almost invailably correct," he concluded. Johnson's Retirement Thought to Mean Changes for Raliltvins The resignation of Albn II. Johnson from the presidency of the Italilnin Locomotive Works, and the election of Samuel M. Yniiclnin, the senor vice piesldent. to Ills place, while it enme as n surprise to the financial district, is not looked upon by the Street as the simplp change which the statement by Mr. Vnuclain would imiicnle. Man; arc inclined to think it foicshadows greater chnnges in the near future. They have not forgotten the pertinent and as some said at the time, impeitiiieul questions put to Mr Johnson at the last meeting of the stockholders. Some said the change meant the licginninR of n new policy in the matter of dividends, lint more aie im lined to think it means a recapitalization of the Itiilcluin corporation nnd its asso ciated companies, the Kddystone and the Standard Steel Companies. In that event, they say, it would delay any possibility of a dividend until the completion of the reorganization. Large Interests Said to He Buying Steel Shares When speaking of the report of rucci i in imieiiiiiu, iiiucii nil" inn information from New York was. that the Steel sbates Hint arc coming nut. These people are among the c Inss who. if they were to take their profits on any. l dictions, would hno lo nr render the biggest part of them to the goei nmeiit, nnd for that reason what they buy is not likely to find its way hat k to the market again for some time. When asked if he anticipated nnj reaction in Steel when the maiket opens this morning lie xnid be did lint, but he added : "It i neier safe to guess about Steel When we thought the pi ices for steel were fixed, he remnrkrd, the stock of the 1'nited States Steel Cor poration nelvanced, nnd now that the government, through Ditector Ceneial of Itnilrnari Hines. unfixed them and thlons the market Vipen, Steel com mon again nchanics." . The present sloik mnikct is sufficient o idem e that the increase in commissions, to biokers on transaction in shntes listed in New Ymk has not affected business, as tho two full da.vs in which it was in operation were lecord ilnjs ns far as olumo is concerned. Market Opinions of Bankers find Brokers rollowiiiR aie opinions on mnikct conditions unci outlook- by bankets and brokers : K. It. Sin'lllt .t Co. Actltily continues cut a laige scale in oil and certain iniliisttial stocks, while issues of rnilwm and niativ industrial com panies inc neglected. It Is hoped that finoruble tnilioad Icgislntioii will be ptesentctl when Congress meets, which should help inilroiul securities. We think it advisable lo piiivlini higli-giadc stocks of this character at the luesent time. Ilecltrr & Co. The mntket is now In n position wlieie good judgment should be used in. making purchases. Mhiij Rood sioikn hae been neglected, and these should be bought in ptefeience to those which are selling ItO or -40 points higher I linn thc. did it few months ago The rails and coppeis aie still selling lit panic piitcs. Moth will do better or else (lie bull market will not last. The country cannot be prosperous unless the- rnilioacN arc pios peious, mid the new Congress will no doubt give them immediate relief. Itule lier. Mierreid X llanscll Tliegient inujoritj of stock mntket signs point to bigbt'i piiecs. I uless Mti'iiil unfnxoniblc nnd unexpec led factcus enter the situation, tlio present impetus is likely to enrry ninny of the active stocks to new high levels. A traction is, however, not nu uulikelj eent. but most cnicful ohseteis scent to expect the rising tendency of the stock maiket to ctnitiiitie eirn after a reaction. It is prob.ihle that it eurcfiil stuclj of some of tho good industrial and uiilroael prcfened stocks, such as International Agricultural Chemical pre fence!. American fee prajc-rrctl, Cuba Cane Sugar pioforicel. I'nion Pacihe preferred. Missouri Pacific profciiccl. Southern Rnihn pieferted mid Amer ican Hide and Leather prefciied, will well rcjpay the disci iniinnting iuvetoi-. Is it too much to expect that pet imps the lemleis of both the gteiit political parties in the new Congress will reiili.c Hull it is not only advisable lint essential that the lailrnutl and and solved in it fair, just unci consliuclne way.' I .loiics . liitkrr I'rceing silver shipments; fioi.i goeininent e.outiol ic sulled in n sharp aihancc in prices of Hie white iiielnl. An oen gienler rise in market price was seoiccl by many well known sjer seeutifies dining the last week. This is based on the predictions frcelj nutilc of $1,2."i silver, and a .number of aiitlioi ities who hate been following flic situation clnselv are confident that a price of SI. .1(1 per ounce will be i cubed before long This compares with Sl.OI'V established by the go eminent during the war and fifty cents early in 11)1(1. . Henry I.. I)nheil A Co. The I'tiited States of Colomhin is now at tracting much inlerrsl in Great Itiilain as tho scene of coining large oil lie clopmcnts. There is soon to lie floated in London it SIO.000,000 Hritish oil company In dowlnp icinccssioiis in that country, and the rious financial and technical publications in Great llrituiit, nrc tilled with matter icliittng In possible oil pindiution in South America, nnd especially iu the I'uifed States of Colombia. ... ('handler Itiolheis . de. i is innaziiig how far-ie.iching this vision of optimism has carried with sn Utile to feed upon. I.nst No ember, at prices 10 lei -10 points lower Iban ntin, the country wns urged b, the llien secietnrj of the treasury and dliectin of inilronels to beware fiom pur chasing Rf ricks on the armistice news, because the financial necessities of the government were of far .greater importance than flic downfall of the (Ionium military power. c arc' passing now thtough Hie- fhsf financial (Ionium! from the government siwe this ittliice wns issued and are in (lie initlht of n rip-ioariiig hull market, teaching close lo 2,000, 000-shnie clays. Except for the effect of his own pessimistic advice, .which frightened nuinj holders out of their securities, the sectetarj has pioveel n erj poor tipster. The banks which then co-ordinated Willi the secretary and supported his contentions are just now calling a halt upon the present advance bj rcciiest ing larger collateral icquircinout on their lonns. If if weie not that so manv of those now Iaigely committed to Hie hull side of the market aie inde pendent of bankable assistance, this present demand would be of greater importance than it nov possesses. BUMMER CAJirS "Vacation Time" at Junior Plattsburg on Lake Champlain Young America's Greatest Summer Camp. Carnival of Sports Under direction of leading college coaches. Rowing, yachting, polo, aviation, baseball, tennis, all aquatic sports. Photoplays and motion pictures taken of all camp activities, including priu winners. Train Without Strain July and August, sixty days. Maintenance and training for fan term $300. Membership limited. Send at once for catalog, A.Z. Smith, Junior Plattsburg, 9 East 45th street, New York city. Biiy Now Hg3 n Heat and Steam Without Smoke j FOR DOMESTIC VI SK i;n, Store, Clieatnut and Ten, J'Olt STKA5I USK Ilurkwhtit, Jtlco and Barley. The Philadelphia and Reading . Coal and Iron Company , BIG TRADING Is in Market and Has Sensed Gossip of the Street litvestmeMil hanker, "the trend of unon nx forecnstltiK condition In unfilled tonnage of the Cnitccl States V cnuinili.r, it iireiixer ii'iiinmcci uiiii ins ii the best intetests nie Inning up nil other lug business piolilems be take ken up smniK'it caxiph. I nsis That Your Dealer Gives You H . Philadelphia Markets j GRAIN AND FLOUR , M IIKAT Receipts 118 52t bush The mar k't rulfd nrmvllh light offerings. Quotatlona e ar lots in export eleiator, government standard Inspection, standard prices No 1 "d "Inter, 12 3d No t. northern sprint. ! .in No I hard winter $2 80. No 1 red winter garllrkx il a: N'n I red amutti 2 an No " red winter. I2.sa. No. 2. north- ;rn spring i Nil -'. red $2 a No a. hard winter. iz.b! Ulnl.r uarlleUv S'J.flt: NO. 2 i'u pmuuy, .,4d o ,t. reu winier, -o No 3, northern sprint. 13 82; No. S, hard winter. 42.32, No. 3, red winter, Bsrllcky. IS.SJ. No. a, red smuttv. 2 -Hi No. 4. red. 2 30. No , carllrk, tl "S. N'n 4. smutty. J.27i No 4. Kttrllrky, emutly, ,..2H; No. S. red, 2 2S. o R, garlicky, 2.2l No. B, jmutty, 2.2.'i, No. ft. narllcky, mutty. ron.N- Rei-elpte none The market d anced, 2Sf3c under llnht orferlnts and stronger western ndvlcee We quote jellow In car loia for local trsde, to quality and location at tl houf l SS per buth. . OATS Recelpie. none Bullish specula tion In th- west caused an advance of lr. Trade here was quiet We quota car lots as to location No .', white. 8ftTS0'e Standard white TB'iOlllc. No 3 white. ""'a.'!71"" N 4. white, :iliT78c PI.OUR Receipts, 2.245 060 pounda In sacks Demand was light and prices ruled In bu.erai for The quotatlona: To or rhe. per mil pounds. In 1411-pound Jute sacks Winter straight, western, 11 M'W 11 ft; nearh $11 25(ill 50 Kansas straight. M2 2tl(B 12 B.'i do abort patent 13"18 5cl, spring, ahort patent. $12. HOC ts. 25. do pat ent. J12 25SJ1J75: do, rtrst clear 1O.604T11 RVK M.(lt II ua dull at nunted rates. I We quote at f Una 10 75 per barrel In aacka, aatoquallt). PROVISIONS There was a fair Jobbing demand and the market ruled firm The quotatlona were as follows. Reef In sets smoked and atr-drled. 48c. beef kfiurklea and tenders, smoked and air-dried. 4c. pork, family, 55(?ffltl. hams, ,H r. cured loose, 85itu 3HWn. do, skinned loose. 34lsia35Wc, do, do smoked, 3H4 t37lac. hams, boiled;, bone less Mt. picnic shoulders f P cured. Ittoae 2SCiC. do smoked 20Wc, bellies In rlckle liwse, 31c, breakfast bacon. 40c; lard 34c REFINED SUGARS The market was quiet on basis of 9c for fine granulated. DAIRY PRODUCTS JU'TTKR Supplies were small and It" w"kqeuot7lfrts'drcK'''iTJmdrV ""-? cue, higher-scoring goods (!IWt,3c the tatter for lohlilnt- sales extrs firsts ,"isi . nrsls '.irieriTr i.innrii 7.3.",4e sweet ireamer 'hole, to tieni v lt2tfllec. do fan to good I .".el sj II e fani brand of tirlnls Jobbing hi 1,7 'Of elf. fair lo good MMi fl.V' KCH1S were In goo,l demand slid flrm wllh I supplies well cleaned up Pollowlng are the eiuotatlons Ptee t ases neatbx firsts 111 10 .per erale current receipts $13 SCI western I extra firsts. Ill 111 first" I3 so fane selected eggs lobbing- at .l.'ffMr per doen 'HRUSh The market ruled arm under 'light offerings and a falrlc artlce demand .Quotations New York and Wisconsin whole I milk flats current make, 32ff32ac N'ecv i 1 ark and Wisconsin vhnle-mllk fancv held .'tsfr.lfii specials hlgh-r do. do fair to good 3l!1f37 POULTRY t.l K Trad. wtr lo nnd thr nmrk'l h wRkti lindfr fnlrU I Ibrral o(Tln7, I (JiiDlHitniin Knwlfi la tpr?ii .17r prnu ohh UnF broilpr tiot If chorn wslghinn i 1't "i lb. Hploctj iRO'tfrtrtc. Whlti Lf- I horns hrollrrs Wiw fr rootr. 23 ft Jlc dinks rKln .HW.Sdc. do Indian Runni JHftSfh . ppj :.",ft'-.V piKPonn old pfr pair 4Hfir.,nc Ho nune pr pall Sfffl1 Vin nRKMRli ponIRY Trade u? fair and riric". rulfd itpnd l lie nuotatlons wr hii follow n Vow lf frf nil Killed drv-pIcU?d in hoxpR -KhIriff 7 pound and ofr Hpif(e :i7( weiiihlnc .T-a (d 4 pounds, Hue upiRhlnff 4 piuii( Ai( umaller nUrn, fl-W Tl frfh killed in bbt anc drv picked I ii(ihinjt S pounds nrtd er apiece R7c plnhlnir IPj'P'Pi. Ihn nplcrp .TSi. iniiilr l7(s HJ-ftaie old rnnxlfr dr picked, 2"c "prlrm rlucki I .nnd ilnland int 4., nquabi I tr dnen white weijrhinc 11 'Ef 1 2 lb per i dnn $ ".liSti .rin do di wefchlnc f( 10 Hi- per dntn, $7 ftf Zn do do weuthlnsr lbr pep dozen fft.VifA" do do 7 lbs pi do7en $.,iS.r. Ho do weiphin r.fflfiisjj lbs pur doen SflSMi. dark. 1. 10(22. hiuhII ami No 2 7Acff$2 FnESH FRUITS HeiiiHncI was onlv moilerale jiui caiueS) ""ri.,u riiivo ei.tiin un Hour- iiorN .rfiit'- lallons pples N'ev Vork per bbl Paid win Jeiftin.in cireTiliiB J9i 10 Pusseis J'lfiT Annies Pennsvlanla anil Virginia per hlil Ren Dals fOSfTOano l?1!!! Apples western per box. $4 7.T33rts. I.eni Ions per box, 3 lines 4 4."i Oranges per crate I $3 T.-i7 10, do Calif pei box t3 0.ffnTA Mlrappfrult per box $3 lllfffi 33 Plrawber- I rles S'llltliern per 'It ."if?30 I I VEGETABLES Potatoes were uii'ct snd easiei clnlons nnd cabbage were steadi Quotjtlotis White potatoes .Maine ner lftil lbs. 12 filKo" 2 UCI white potatoes rennmliania o I. per 'inn lbs 12 40f2Ct(i white notaloes Vew I York per infi Ihs 12 lll2 3n while pota loss lelawarc nnd Mariland per 100 lbs !$2 23fif 2 10. white potatoes .Klnrldu, new P"r bbl No I. 7 3llrS No 2. S3 Bilffil sweet pnlatoee Jersei pr tiaSkel No I 12 3010 2 73. No 2. 2fT2 2 Cabbage southern per hamper J2 73ff3 23 do do p r irate J3 rillfffll 30 do Norfolk, per hoi uniite.'! cinions lexas, new pci i rntr J3 7')?4 2 LIVESTOCK QUOTATIONS Chicago. Mai 12 -HKC5S Recelpla 33,000 head 'Iwentv to 30c higher than Hflturdai lilg packers stoiv In follow Bulk. $20 730" 21 heai $20 Kilfo 21 03 medium $20 70 21 light weight $20 23S2H90 light $19 20 Ml. hean packing sows $19 7310 20 23 paiUing sows $19(11' III 73. pigs. $IStt19 23 CATTLE rtocelpts. 17 0(10 head Reef ulcers slow about steadi 'she" stock sIihiIi to strong, talies 3(hi lower, feeders sicariv Hea i beef steers choice and prime Sin 730 IH .Ml medium and good $13rl7 i omnion. $111713 30. light beef steers good end choice. $13 30Q'17 common and medium I $Iil 23 (f IS 73. butcher heifers STTSit?14 23 ions ,T 30t7$14 Ml. calles $12 T "5 "B1 14 , .SHRKP Heeelpls 17 00(1 head No earli I trading, bidding sharpli lower cm all kinds shorn stock Pittsburgh. Mai 12 CM TLB llereipis I3H0 head .Market steadi Mfera $111 IIII30 heifers $1 lfl14. cows. $11 3047 13 i CWl.VKS Receipts, l.'.llo head Mail.el I lower. Top $13.73. HOOS nerelpla 300 head .Msrkel iwleadi Heaxlea arbl heavi orkers $20 73 , Tl 21 light orkcia $20 23 ( 20 30 pigs $20 M 20 ,in SHKIJ)' ANI LA.MHS nerelpts ex-.o.t head Market loner Top sheep. $12 top lamh. $10 23 Kansas flt.i. Mav 12 HOclS Reiei,its g 000 head Market falrh actlie generalli I3iB2.Tc higher than Frlda s aveiage Top $2073 hulk. $20.111020 30, heaxles $20 sin 21173. medium weights, $20 inborn lights $IB 7320 33, light lights $IP 2X?1 S3 packing sows $19720.4n. nigs $ 1 4 HI 1 9 3" TAITLK rteoelpts 13,onn head and I'.no lalies lteef entile weak to 23l lower ' she stoi k and feeders neak, calies steadi Heef steers, medium and heaw weights choke and prime, $16 fl.xiffi tfi 23 medium and good $13.RS14.90, common $11 30913 40. light weight good and choice H.1 Titfjiirt 30 ,ommon and medium. $101914 13 butcher cattle, heifers. $7 30B1B13. cows $et A3 41 14 2 canners and cutters, $3 23ff n. ieal calies, light and handv weight $1H 23 13 feeder steera, $10 151H. alocker steers $4 4UI3 SHEEP Rerefpta, H 000 head fat sheen and lambs 306173c lower than last week's best time, feedera 23ic30r lower feeders ana coala aleadv. trad- alow. Lambs N4 i pounda or leas. $111 23 17 73. R3 pounds or I more, $1BW IS 50: culls and common. $1110: 11173 xearllnc wethera Jltfilll.Ml ewes 1I7S0I3, ewes, culls and common $33f III i3 breeding ewes, $9 30ffcl7, feeder .laints Jllffl'l, angora goats. $78" 73 St. l-oula. -Mn.. May 12 HOUS Receipts 20 000 head Higher. Llghls. $20 20iff 20 70 Pigs $tBein30: butchers $20 23(!T20nn heavy 120 83 lif 20,93 I'ATTLK Heeeipts ClOftn head Steadv Natlie ateera, 1130i6lS3n heifers $B.30C ' IK. cows $10 30613 30. atockers and feedera $IOfM3SO calvea T7S13Sn SHEEP Receipts. 4000 head Steadv Lambs. $20fi 20.23, eives, $13SI4 3il I South Omaha. May 12 HOOS Receipts. 9300 head Active to 23c higher I'ATTLK Receipts, K0Cl head Beef steer, steady: choice cows and earllngs, i 23c higher Othora vteadi SHKBP Receipts. 9300 head Karlv sales 50c to 75c lower SC3I.MBH r31PS Young Women and til rl a PINE TREE CAMP FOR GIRLS On beautiful Naomi Lake. Vour houra from . ,xes jock ana t'nne. r; gntn season. 1 .miss nr,ANfiir. n. trick I ruin'Tltanlai I'lillndelnhla, 49$ School Lane KnrrATioxAi. Path Sexea UUBTI1AU A'U UOOKKKJJ'1.NO Our sraduatea are In constant Uemand. Uootl raying poaltlona await you. Oiafg Short, hand, tht easy, apeedy system. Compltt, niane ceeee. iniciiiivt iraiawa. c.nrnu any time, uaii nr writ for full particulars and eatator. PI1II.A. ItUSINESS COLLEfiK and Collega nf rsmmarre 1011 I'l.estnnt St.. PlillatlelnMa Tearhera Wantfd roaltlons waltlnr Frea regia'n for Collega and Normal rraduates Modern Teachers' llureau, ISO! .Market Nt. QTRAYFR'S TIe But Uuslness BhooJ 3 i VrV I tilV J 80T CHESTNUT ST. Rexrmasrol "t. Oram. Court. Knotty ocrmaxxoi polU i0ltd ,6,T Suntot airschbautn School of Lauguaiea ami Bnreui .f Tranalatlon. Inc.. 16t Chettnnt St. Yopng Ttme?n and OlrU alubntown. ta Cdar Ci-ett College for onu ovmg ta AUantoara, V., "Subarba" T.lml'.ad ctaroli. mtwit. d Two new modern buildings en hlrh Mwewav' aranui oiU acrta. CASH CORN TOUCHES SEASON'S NEW HIGH ' -- " Trade Not Active, but Market Shows Great Strength. Oats Make Gains Chlrago. May 12. While trade in corn was not active today, the market showed great strength. May selling far above the season's previous high mark of SI. ".TV established on May fi. Cish torn also touched the highest levels for jhe season, with No. J yellow at $1.83. The buying of futures was persistent and offerings were light. The factors that brought about the big movement upward included strength in live hogs, wet weather in parts of the het, prospects for continued light receipts and an advance of ,'lc to 4c iu prices in Argentina An increase in Argentina freight rates laused Atgentina shippeis to mark up their asked quotations for corn laid down in ew York from Sc to 10c a bushel. The market here was in posi tlon to answer promptly to huving sup port and profit taking on bulges failed to hae much influence. The tightness of .May teceiiccl more attention. I n the i uais biso made good gains net w earner. There nil ttvnllTIMr at the top. Shorts .n.l .,11.,. r -.V leges were among the buyers. I The fact that there is no shortaee of, oats serves to offset the abnormal dis- I count of that cereal under corn. Corn (new dellvervi Sat dax'a floae rloae 1 eCH, 1 till t .1Wln 1 2', "uen High I 13 Lew", 1 3V, 1 01 Low 1 ew 1 Vi, .lulx Sept Dats .luh Sept Julc Sept . Poik Mai .hili nih. Mac Julc Hid 7. 7. 4' S a7'. Bl, 113 4 1J 13 31 -, 32 00 31.77 32 10 .U 3n St Sil 31 02 fil sr, M 10 M SO SO so 33 B.'i 2S tin 31 io '27 2 2 92 .'s i; 2 90 2S 92 2S 00 js 1 7 3.1 Mi 'n 70 LOCAL MINING STOCKS rnvnp.iH siocks Hid Asked (2 l' 37 12 24 11 23 "J". llm Ruller Uc.alnara Mldwsj Mlxpah Kxt Xlonlana North Star Rescue Kula Wet Knd It". 32 nS noi.npiKi.D stock 113 Mlanla Blue Pull Roolh niamondfleld H n Dalsi Kewanss Orn Silier Plek Spearhead MISi-B Xrlx I'niled Neiarta Wonder Tecopa Mm ne? ni 12 03 04 net 03 12 13 23 XT n 10 02 . . . . 112 03 .02 . Ill 13 .I.ANEOrS 23 12 11 BUTTER, EGGS AND CHEESE New lork. Mai 12 PfTTEn can lie celpta (1921 tubs Higher scoring. 39dr30ixc exlras 3c outside firsts. S75Sc second SS)1 lump stale elalrv, ,17',(n8c. Imitation creamerv 19t60c i ECJOS Firm Pecelpls 23 932 rases Preah gathered extras 49(fl494c alorage j packed extraa, argts t!U,c, Inside storage I parked firsts 474Sr, gathered extra arsis, i 4SiiTISi,c northern flrats 4flt47'4c. south ern nrsts. 43!-i c-c 4eiiae. seconds. 4icT4tuc llllllF -', I IM. T-,V. ..U v, ll" I 'H checks, 40U(if41c state and nearby hennerv whites 34ia3f.c gathered whites 4R(fl 33c western whites 4St63c western and aouth ern gathered whites 47iZf52c state nearbi henneri browns 3117 32c gathered brown mixed colors 431" 49c cttKKSEIl.rregxiiar iteceipts 352 boxes Receipts 3A32 boxes Flat colored aer.ige run 32c. Inside, flat whites aierage tun 32c. inside, colored specials. 32'cS32',c hlte specials. 32', t3?32'n. whole cheese 3fi'4C39t . RECOVERY IS QUICK IN COTTON MARKET Support of New Crop Positions j -.,- . ... , . . , I wnseis woaK uaoies ana Liverpool Sales New York, May 12 Weak I.iver- ' pool cables were accompanied bv I,ler-j pool Kelling orders at the opening of, the cotton market today and pi ices yielded 2 to 17 points in face of un favorable weather in the Southwest I The trade and commission houses were leading buyers at the decline. There was rain quite generally over Texas and low pressure over the rest of the belt, suggesting further rains. , After selling about 1,1 to I." points net higher on the movement because of the unfavorable weather, trade htijing and commission house demand, tlie market turned easier uniler realizing There na also continued I.ivetpool selling heie anil prices worked back A.1.A 1 . W H.l. .....1-.. C-. 1 close. Selling was held in check ho ever, by apprehension of n wet Mav. which is proviberally iinfmorablo from . , .i..jnnii '. ' . ln' ri'fW "' ""' Por" '? ,l", ''y ate estimated at 15.000 bales. ngainst bales Iiiitteii iiei n n i"C a,w i a year ago. and 10.43S bales two wars ago. Saturdax s Toda s 1 t close open a in 2S 12 27 t0 27 im 2n 77 211 00 2H 7(1 23 B3 23 If, ''.-, 113 25 02 21 OCI 23 IH 24.0.1 24 33 24 13 24 23 2 113 J I I 23 OS 23 Its '3 OS Mai .1ulc 1 September October Hecember .liiuuari March . MONEY.LENDING RATES NKW YORK Mnnc. on call, nnxeil collateral, opened today at ,1' per cent for lending and renewing. (In all in dustrtal collateral, the opening late was b per cent Thete wns no change today in eiihei isles or conditions in the time monei market. The quotation on actual busi ness is still ,"34 pr ceut on industrials lor suty nntl ninety clays. 1,01ms on good mixed collateral are infrequent and the rate is nominal nt ,1''j. Dimness in prime meicanfile paper is almosi at a standstill owing In the limited oflerings of choice material The tale of discount i easier iu coiise quence. shading lo a minimum nf .1 per cent, r'totn that hgure up to .1' is quoted Choice bank acceptances ate talluT 'slow owing to the prevailing call inonci rates, (.imitations are unchangeil Call loans on prime bank acceptances ate 1 iinalteteel nt I1; per cent PHILADKLPIIIA Call. .I1, per tent, time, ,134eejfi per tent. Comnier cinl paper, three to six monfhs. .I'jfel li'j per cent : si.x months. Ii per cent. I.ONPON -Mnnr.x is quoted nt 3' Her cent Piscount rates, short and three months bills, :i. BANK CLEARINGS Rank clearings tndav compared .ith , responding day last two vears tnin lnis 1117 V Vork Phlla rtoston HI 1 12.237 441 I"i0,773 400 M SKil SS 313.333 111 232 2'13 33 7 "SO 111 032 onS $12 127 1R0 $32 331 llt'l America The Future For Her World Iiivestinents A SIGNIFICANT factor of the great war is the unprecedented finan cial situation in which it hs placed the United States. e O.ur loans to our Allies now total nine and a quarter billions. Our trade balance, the value of our ex ports over our imports, for the calendar year 1918 amounts to over three bil lions. We have bought back American securi ties, held abroad, amounting to two and one-half billions. D RIEFLY, we have become the cred itor nation of the world. We are the greatest manufacturing nation in the world. We rank highest statistically in pet capita efficiency measured by the pro duction of world necessities. DRIOR to the war the foreign invest ments of the leading nations were as follows : England l-JO.OOO.OOn.llOO France 10,000,000,01)0 Germany 8.000,000.000 Whereas the foreign investments of the United States were negligible. 0T only have we billions for for eign investments, but the United States has reached a point of industrial development which demands the crea tion of foreign markets. This can be FOREIGN EXCHANGE I New York. May I'.'. The feature of I the foiclgn exchange market in the I cnilj ilrnlitigs tmln was further weak ness in I'rem It cxilinngc unci an ap- ,,'"r,,, l,,,k f pprt. The resit was new inw tpinrcis in tne ntstory tor new francs at fi.17 for cables nnd i.l!i for checks. On the other hand, sterling held at the highest the movement renched on Saturday, I Ii0'; for cables and litis1.., for checks. Otherwise there wns nothing of special inteiest. Quotations weie : Demand sterling A i't'-j. cables t.OO'-j. Krnnc cables. I!.I7. checks ti.l!'. I.irc cables 7."i. checks 7."i7 Swiss cables 4 1P, checks ,r (II Cinlder citbles 1(1 Oil. checks Wi . Pesetas cables 20.2."i. checks 20 111. Stockholm cables 20.00. checks 2," 0. Christiania cables 2.V 10. edict ks 2.1.20 Copenhagen c allies 21.00. checks 24 10. Itnble notes wiie nominally liigliei at I21, ti l." In Hie inilv nflet iinoii stciling ICHllieil II IH'W lligll III lOV1! fell- ill niniiil l!l fm cables. I nun's fell In a new Inn ;il Ill's fnt cables inul 0 20 fill I lll'C ks Utlll'I'S we-te not Cspli'i'llh c hntii d New Officer for P. R. T. Subsidiaries George W Mnntes was toca, elected in e incident en mi I'liiliiiieipina itnc- , Comp.in. the W st Pbilnilclplinl 1'nion I'nssen- Passenger llnilwin the i ger Hnilwin uml (he Contiiicntnl Pi? ' sengcr Hnilwin In snecced Alexander ; HcllllH k. lice etlscil iJiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiini; FUEL OILii Do not place your you have investigated our Fuel Oil Proposir 5 tion. Higher Boiler and Furnace Efficiency. Absolute control of fires. Elimination of expense for coal and ash handling. f I Reduced labor expense. Reduced cost of storing. Elimination of smoke. Our Engineer is at your service. SUN COMPANY 1-128 S. PENN SQUARE Philadelphia, Pa. jniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiini done by the utilization of our surplus production of manufactured articles and the utilization of our surplus capi tal in absorbing foreign credit obliga tions in payment for our exports. 'T'HE economic history of England demonstrates conclusively thaC trade follows the invested dollar with as much certainty as it follows the flag. PROFITING by the trade stimulus following the Napoleonic war.-, England became the world creditor na tion; Englishmen became the world's greatest foreign investors, and great English fortunes resulted. A similar stimulus presents a similar opportun ity now to America. HP HE attractiveness of this positron appears to be at its maximum to day. It is doubtful if sound foreign se curities will, within a lifetime, be avail able on so favorable a basis. Many" of the shrewdest and most farseeing men in American finance have recognized the situation and are profiting by it. AMERICA'S destiny continued isolation. tunity for world service is enormous and her reward will be great and last ing. IMBRIE & GO. BANKERS CHICAGO PITTSBOBGn LOCAL LOANS INCREASE,- , , Reserves Higher and Deposits Lower Than This Week Last Year The iivcriige londition eif tnoniuffs of the Pliilntlclpliin ClenritiK House Asso ciation foe the week pifcctllii); liulfl.V Is sliciwti in Hit wei'klj slnteincnl, vith comparison, as follows: J m.i, inuinRs f Ay 12 10 Increase Loans ,s 2HI emu l.l.sitl.tllVt Cvhss c li llou- 21 .1111.111111 ! 230.001) Hue from hanks Inn 731 lion 3.7nn,liiVI Hank deposits till 1137.1100 I liill.oni) IndMil lle,n-l. CIS 5K1 Clllll ) sta.oivt lime deposits 5 7HO IHKI 171,000 Res with I-', It H legal depositories Ml :77 OHO 387.000 c'ash in 'Tints n 231 onii I23.cinu Total resere held H'l llio.lltio 3in,0mi Reere leimited .(l.tlittl.eioo tell, 0011 '.- ess reerv ,",30.noo '73.000 MK.MHKR.s hkskrm: SYSTEM' ReserNO hel.1 MI I78.0HO $1 312.000 KMees re.erve .1 143.01111 7211.0011 TIIIST CUMPMl:S NOT MRMBCKff MX ."KR K SVSTRM R.ere held $1312 1100 Ii;2.00il Kxiees leeerce 1 .1ST OIIH T1III.(H0 lii aditltton lo the, deposits eboe there weie this week $27 7HIIMHI gmertimeht de posits imalnst wlmh no reservo Is required. Iecreas BAR SILVER nniiiicii in I bat siher wits minted It) New , oi k ttielax ill M Ii. an ounce;, an im t enc of tie, ns lompaieil with Jsat- iinliu s pine. The latest l.ouilon (Ua tation is .ISel, up (i.jil. Capital Jump of $225,000,000 tinier. Del.. Maj 12 -Certificates of im reasei in enpital stock, filed berc'-thU itftctiioon. Old Securities Corporation; of Detroit. .Mn It . S.10. 000. 00(1 lo $275, 000.0OO. Other Financial iews on Page 20 contract for coal until 5 lies not in Her oppor NEW YORK BOSTON MIXWAUKKK . s. ' f' v4v'. , V'-M e 14' '4 s-f .,$4 x 1 ! h $ I a n SI vi VI s i i-- r i ii i , f JrVas KetJ h - f y& I fltamw ;CiirJi , fsarcirell, sew vnrwmeenat ?i-lMXL.VAtr BO 'i ;: :. .. -. :d T .AS
Significant historical Pennsylvania newspapers