EsfeMSj p?$7 rm-'-'v -VS.1 ?WW 11 v . 1 ,VT -W V 4V' . n. j i ,t ,' V EVENING PUBLIC LEDGER- PHILADELPHIA, WEDNESDAY, MAY 14, 1919 20 "' FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS1 TTSA 1 'jfflWW1 l x WL ?" rA atf FURTHER GAINS ARE MADE ON THE NEW YORK EXCHANGE NEW YORK STOCK SALES Philadelphia Stochs In Touch With All Markets NF.W TOHK MONTItKAI rilll.AnEI.rniA MEW OBI.KANH SAN FRANCISCO and many other Correspon dent Offices are now linked by over 10,000 miles of pri vate wires. jlnvcstors in bonds and short ttei-m securities should find 'this service of value. I Current tint of orfwlnir; int 4 reaueat for TB-M3. TheNatiohalCity Company Cerrepmwlil Otlcei (n J CWti FhiUdclpliU 1421 Ckcilnot St. Telephone- 5400 Loci!"' The Earnings of American Corporations Never before in the history of the United States have there been so many cor porations showing earning power as , great as during the , past few months. i As the securities of , some of these cor porations are still ( selling to yield un- , usually large returns. we invite the atten- i tion of investors to several which are among the most pop ular on the market. Write for Offering So. 48 Hemphill, Noyes & Co. Mrmb'r, ' lo.l. Stork Fithanoe . Franklin Bank Bldg.. Phife. NEW YORK SCKANTON Steel Industrials Attract Attention, Their Strength Being a.w limn, Linked With Stories of Coming Prosperity Utls Improve High Points in Today's Financial A'eir.s New York stock market was strone-, with steel imlustiials attract ing most interest. Curb business was light, with prices iricRiilnr. Coin was off and cotton held steady to firm. Francs declined to a new low level in foreign exchange market and sterling was lower. Bar silver dealers were reluctant to give quotations until cables told of a lower price in London, when selling weakened the market in New iork. inch :.i (18 'a 804 O t)4 T.OW :i7'., .11 SHVt nt New York. May 14. -'rinding in thr Mnck iiiniUt tnilny virtually ninrkeil tlir- i-ml nf the nrillntiiic iiinw'iiipiiti wli'nli linil made inniiy think that the situation had bn-uiuc (own mid Hint a leni-tion un in order. That .pfrulatiie rli-nient which had mnuV n drive HKiiltit the pflroleuui stnil.i and was elTtie in forcing Ihixp i--iip. down from .1 t" l." point found their reourPi exhauted when lmliiK nie into Sinclair Oil lute this afternoon mid that stoik was the first of the petroleum croup to make a bullish demon vtration. niltnni-ing iihout .'1 points to n!ioc (ill and leading other petioleuin stocks wliidi nlo made substantial gains. The strongest indication of the resumption of bullish control was pre sented by fnited States Steel IiMi was in mgptit deniand all through the morning ami made a gnin of moie thnn 1! points, ii listing lO.'l for the hist time sin, e the April dividend meeting. Other steel industi inls showed the same degree of strength, with the greatest ndwinee in the gloup ro unded in Hnldwin I.nroinntip. whiib iihipiI up to 10J Iletllleheni "I!." t'nicible Steel and Republic were nil in good demand and mm li was paid, while these stoiks adwuircd, about 11 rcwwil of industrial prosperity whhh iniit be expected to ini lude nlo the copper-pioducing (oinpanies. Many specialties made gains of .". to ." points, but the silver group. Him h was the stiotigest fentuie in the lnt few dajs, nttnuted attention bj n sudden nlisence of bullish m fixities. The St. l'uul issues xvere ili(. most piominiut issues of the railroad list. St I'aul common advancing 'J'i to 1'J and the piefened nioxing up nenrlj It points to 71 as. I'nion I'm ihc ndinnied L' points to i;t."i anil there was absorption at advancing prii es all through the tailroail list There was a better distribution of business in the bond market tndnv than has been noted nn.x time since the banking facilities of the country xx pre called in to serve as maihineix for war financing. This may be taken as a natuinl seciuenie of the oxcisiihscriptiou to the Victoij Loan. Ilenlings continued on n large scale in the Libert.x issues, xxhicb were well held around the same range that prcwiiicd xcstcrdav. but, outside of flie government issues, there was n substantial increase in the demand for mid in the trading in lailrond bonds and industrial issues. The loidl tractions xxeie lienxily bought. Mercantile Marine (is xxere among the siiong features, these bonds being Iieaxilx traded in around 0'2. wallst.sstrength'decLines in prices Tl Net I A da ins Kx .... a'i .'17'! R7'tH- U f.S- 's Ajax Uubbor .. 804 SHVj 2 Alaska (iold M .T, 3 3V. Alaska .luneuii. '2 1T 1th- 'r Allls ("halmers. 41 Vt 4Vi , 40 . . do pref 1)4 01 !)4 .. Am Agr Cheni.tHVi 110 110 s do pref 101 101 101 'Am Heet Sugar 82 81M, 81.. Am Hosch l(U.",j 1)0 1)1) Am Can 57 03 .r'4 Am Car & Kdj.104 103 103 do pref 11(1 110 110.. J Am Cotton OIL r,(P r.O do prof D.1 03 Am Druggists. 13 13 i Am Hide & L 3." 3'J do pref 1'JS 1'Jl 'Amer Lit Cori. 80 S7a( 'Am Ice Sec... ."4 oS'a do pref .... 7- 7- Am Linseed... 03 Am Loco SO )Illh X American,.. 04 Xorlh I'nclHc. 00 U Nova Scotia Stl 0!) Oklahoma Ohio (ins ... Ontario Silver 'Oxxens Hot... I'm- -Mall ... , I I'enu S S ... s i I 'mi Am Pet 1'eiiii It It ... 11 40 10 .1 r.o , l3 13 - 33, U:,i, 1LMS41:is S8 1"n ri4i 7J 1 c.3 v; 71) .-'. !s 37 35 110 45 11 50 !: 03 4(1 41 30 i, 84 . 51 . 105 105 . 27 '20 Low r.4 04 (It 118 JT74 0 52i 37 31 88 45U' 10?4 50 20 02 4(1 40 38 '.j 84 .-o N't, ClOMf ChBf I 54 2 , im's'2 08 5 i ll l 481!i, - n 52 1" i I 37 7 352 88 U 45 , " , 50 21 1 03 1 4(1 l 40 38 , 84 2 I 02 78 Am Malt 2 2'4 Am Smelting. . 70 78 Am Sum Tub. 108 107 108 do its .. .. 4 4 4ti.. Am Steel 1'il.x 30 35 35 "4 Am Sugar ....133 132 132 1 Am Tel . Tel. 104 103 104 Am Tobm .211 214 214 do of new . 0S 08 !R- 1 1 Am Wool ... 81' 70 , do pi i-f ....101 101 Am Wr l'nn pf 43' 42 Am Z & Lead. 10 'Am . & Ld lif 41) Annconiln . . .08 Asso Hi (ids. 50 Associated Oil. 04 Atchison 07 do pief Ml 1 Atlnu Const L.103 'Atl (i . W do pref l'eorla e. K . I'eo (ias & C. 1'pre Maii ... do 10s pr . . do pf IMiilii Co Pitts & WoM. do pr I'iercp Arrow . do pr . . 1'ipiie Oil I'ittH Coal .... 57 nil do pr ' 88 88 I'ond Creek CI. 17'.j 17'i Piintn Al Sug . 50 55 1'iessed Stl Cur 81 80 I'ittH Steel pref 011 01) 110'-... Pullman P Car. 123 122 123 1 Hy Steel Spring 01 00 00 do pref 100 100 10!) 1 Illsh 8 Allln Ins 23 35 Am (ias. OS 100 llald Lor.lOl't 15 11 & S I c pf.. 51 51 50 rirllt .1 G 48 48 110 Cam Iron 40 40 131 Else Stor 74 74 150 Kric 18 17 1250 On Asph 70 00 514 do pref.100 100 in) 1 r, a. ;)-4 ;);'4 545 Lk S Cor 20 10 Leh Nnv 00 21 Leh Vol. 50 Net chge, J.nw t'lopf 23 't J.t'il.. OS OS . . 00 1004 SOMIdvale.. 47 0 00. 5(li 47 32 45 51 105 2(l- 50 88 1 17 55 80 l Hay Con Cop.. 21 21 Heading 88 87 to fsl 111 ef . . .'Tl.. .TTl'. - 1 -" " il) 1 I do 2d pief... 3S'.j 38 ltil's-t- "s llep Ir & Steel 87 85 I 10 IS'u 07 50 02 05 80 100 103.'! 1.100 103 10S 5 .74 74 71 .. 43- 10 40 07 4- 50 04 '.. 110 1 80 21 MTT'O-lll.. I ... n 1 ' i 37 38. . 873 do pief 103 103 103 's lto.xal Dutch.. 113 110 111! 113 110 111 100 New H It 32 1237 Pa U It. 45 100 Pitts & W Vh.. 30 30 3 Pa S M. 82'i 82 1 10 I'hlla Co cum pf. 30'.', 30 1420 Phil Elec 25'.. 25 407 I' U T te 2(1 25 13 Ph Tract (17 07 105 Heading. 88 87 50 do 1st pf 37 37 1005 Ton Hel. 4 3fJ 1100 Tou Jlin. 4 3 70 Un Tract 40 40 402 U (M... 011 00. 1400 C S Stl. 103 102 20 AVeflt C. . 73 73 50 V Cra'p.120 120 51 48 1 40 74.. 18 70 100 ' 30- 20 00.. 50 'a 47 1 32 1 45 30 l 82 30 25 20.. 07 .. 88 1 372 3,8 A 3- 40 .. 00 1032 73.. 120 1 8 2 do (now).. Saxon Motors St L S K St L Soiithxv. do pref 37 Seabd Air Line 10 do pief 21 Sears Hotbuck.105 llald Loco Co. 102 110 00 's 1 Halt S. Ohio.. 51 50 50 I do pief 55 55 55 iHnni'tt Co ...134 132 1341 'llntopilns Mm. 2 1 2 .. Hethleliem Stl 77 77' 1 do It 78 70' .113 113 Municipal Bonds To Yield J and Over Free From Federal Income Taxes Descriptive Circular! on Requett E. H. Rollins & Sons 1421 Chestnut St.,Phildelphia Boston New York Chicago San Francisco Denver Los Angeles Wide Scope of Public Participa tion Evidence of Reviving Commercial Prosperity Sfoik sales today on the Xoxv York exchange totalpd 1.901.2(H) shares. Nexv York, Ma.x 11. The Now Yoik Evening Sun's financial rexiexv this afternoon is as follows t Volume of Business Is Smaller and Movements Irregular. Houston Oil Drops 6 Points i 1 New Yorlt. Ma.x II Tinding was smaller in xolunie and price movements irregular in the Hiond sticet cuib toilnj with most of the important changes taking the shape of dei lines. Houston Oil on a few tinusai lions do s. p ,. pf. ltll.llkl.Ml It T . di Itooth l"ish Co. Hrmxn Shoe Hiitte C . , C llntleriik Co . , lint . S Cop. Cnl Pet do pr Cnl Pnik Co Can Pac Cer-teed Prod . 24 23 22 '.12 13 30 3(1 33 70 00 108 1(1 The strength and activity of toda.x 's I dropped t! points, to 120. nnd Sinclair stock market and the aggressive char acter of trading seemed to jiiBtify the stand taken by those of bullish faith whose equanimity win not distiubed, nor vision beclouded, by the momentary setback eppripnpod last Saturda.x. While prices had reached a height in main c nsos not conducive to peace of mind, it was only necessary to go slight -1 beneath the Mil face of things to le tect file inherent strength which gave no indication of having been impaired. The number of potentially active stocks in the list, the xvide scope of public participation in the market am! exldeiues on ever hand of reviving 1 commercial and industrial prosperity to xxhicb. it can scarcely be doubted, the siminc of the peace treaty, must itiiii. liner selling at .iti'j. xxas again i heax.x. .xielding to 5S. H.xan Oil wns, Iieaxilx traded in and advanced fioin 5. to (1. a now high recmd for that stnik. Kndiiott Johnson xxas strong, about 2500 shares selling at 77 to Ml. ' I lliitish American 'obncin xvns also' I traded in on a largp scale with snles of Inbuilt ."000 shares at 27 to 27'... Snxold Tjre sold nt 5!) to 57 and ew York Snxold wns traded in nt 51 to 55. .-suiimaiine Hunt was steadv with sales Central Kil Co 25 do pref 40 Central Leather 03 'a Ccno do Pn sco 45 Chandler Mot. 150 Chesn iV: Ohio. 07 Chicago & mil 7 do pief 7 Chic (it "West. () do pref 28 Chic M .V St P 42 do pref 71 Chic iK. North . 08 do pref 120 Chi HIS. Pac to 20 do Ope pref . (10 (' H I&P7 pepf 80 C (' C & St L 43 Chile Copper. . . 24 Chino Con Cop 38'., Col fuel .X; Ir 171.", Sxxift Intei nntional ln it ed at I.i to 15 ranged hum I ! i t ; i States Slcnmship wns stenih 2' , to 2-t. Walthnm AYntch sohl at 41 nnd 42 isianit Oil was 8' i and 8'. I Col (las JS. El. 'Col & South 50'... 2!)', i)t 1ci t.Prtf ".: Hlil)Kat Com Can ..'.'. S3'., Corn I'rnduftN. (Wjk Meady. will, ., nt ; rZ" There was i.int!,,,,,... . . i.i.. , :.. ' " "'" llB- 3(1 ing stoiks with 5ti00 , niBnBramciiiiiiiiii'liEiiEiisHtKCBiiiiBiiiiiiisffiHif.iiiiciiiaiiiias Investment Suggestions ii.i iu min- , ...f c. limes of .Ninissin" i,,,! i. ii,'i'.''',,, , .... - ... .v ..,.,..,. , ,t fminrs wliicli make the present market W,.!,.i,i .m...:.. .. . , .... ,"'1 '' xxest.'lfi --.... ..un mi llllv ir')t r igixe an unmistakable impetus, are all selling-nt 13 Copper . . . I. - I , . . .'.'.'lllllllli: IFIMI.I hi...,. iininoe and one not ici up imu mu iroiii .i"i, in J.i. x ...... . .. ; - ' " ,.. mo f ,! .. ,. "... ..V -'"J" 'MUos,xessol,IiJ) At thP same tiinp that the inclination rights wcrp traded in at 1' to discount the formal ending of the xxar ' ' is stronir unon the financial eommunit.x, I ,N' sTltli.s intlupnies neaier at home tend to I ill xma i: "We hnvp iuft nrenaved a cir. B cular listine 92 attractive bond 1 ! press upon those who run may read that Jk M e" I feo! 1 w 1 mm' A" x - offerings, including: 37 Municipals 14 Railroads 18 Public Utilities 5 Industrials 8 Foreign 10 Short Term exempt features. Jinny of the bonds are legal investments for Savings Banks and Trust Funds. Send for a complimentary copy of this circular, Iro. LSI. A. B. Leach & Co., Inc. i 115 South Fourth Street jf iiiiBiiiiaiiiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiffliiiiiiiiiiiiiiiiiaiiiiiiBiiBPi II the sums of business animntion inulti H I rlly Orders from foreign sources for 1 'shipbuilding are promised by the letting 9 down of wnrtime barrieis. not less thnn B '3.000.000 tons being regarded as possi H ble: the weekly xvoather reports con B tinuo on the whole fnxornblp for Hip B growing crops of unprecedented prcipor S .ia. .be railroad adminintration's re The rate, maturity, price and g (,Uest for bids for 400,000 tons of rails ; yield of these bonds are in- ainp,.i movement toward equipment 'tiicated as well as their tax- Bituivlnr. not to mention the existing ex pansion in the textile Held and so on. nie all cases in point. In short, the world is leaviug one cpoi h nnd about to enter on a new one of a nature to make the 3 strongest appeal to the imagination. Bi It Mas not surpiising therofoie that toda's Hession promised to be epiite the most ctm f nnv rciently. IIusIiipss was in latge volume and after morp or less irregulnrit.v in the hist hour or two the uricp list began to climb steadily upward StPel pushed through 103 lo the highest point of the year, nnd in some specialties gains of 5 to 7 poiutH were numerous. The leathers, equip ments, shippiug shines, silver and chemical stocks and the rails at well were featured by gains of 1 to 3 points. The movement in the mils embraced uriiinllv nil the standard issues, the theorv seeming to be that the xxoist xxas known in that quarter and that whatever the nexv Congress did must bo for the advantage for all lines. With some exceptions high levels of the day were maintained in the last hour, although the trading pace i slackened. The steels continued to ad venco. Honili were active. Liberties were firm The Iron Age sees a better feeling in the steel industry folloxviug the free ' ing of prices from "government mud dling " Interest cpnters mnlnly in whnt nnr.n anh RKrnMUfRKmrn t. ..ii ..a .jmini.tKaii..,, ...in i,.ia n rOB INVESTMENT U,B "'"""" ""',, """"" " ,"" '" i' t itj. o i .t pay ior us thus, mus lor xvnicu are ; .wWBBrgcr, uucrson i,ob n An IndIcaon ig tefa ,n the A""1 J.J-"eSAi.V.i "LI"?... .ri... nf .1l) for IleAsemer nnd .'i' fur A inu hii nw.m tcsmni f " - " " - .' Devitt, Tremble & Co. (INC.) CHKST.M'T 8THEET BONDS RAYMOND W. ZIEGLER Manaicrr WV-. . ii w, vr& W bain L t Sub. i'iaHBS iJ&' U . Safe guarded H. A. STONE & CO Wldrner niw. I'lilladclplila Securi' Cj ties w tV Kxii!i)ip Am llrlt Jits ', Am .XlHrroril Jiner Wrlilnir i'jper . Air nmliKIInn I'anfiillHii I'ar f'o ' un Car I Ki1j prf i liarLtMl Jrnn Chevrolet Motor, c ramp CurlUd AtMiiuhin Carwen rnol Carbon Sleej Rmernun 1'honogrHiih ' Henilei XI tg !.kn Toiii Uoai I.HhlBh I'oal Sales . l.lma l,oio Maxim .Munitions . National .Xnllln,. N V shlpiilldin- . . Nor Amr linn i... i.. 1tl Klt-xaliir rerrlem lulor . . Pool. Knar Nrnpfa IIihhIi ....'.' lanuaril Motor .. Sn-H Alloia stulun.it me Mwlfi Int l Jooph I .Kill . Todd .shipbuilding Hrlaliitle rum 1 lilted I'rotlt Sharlnu I s stfaniHhii) I'nlted .Xlotors XVorid I'llni XXrljthl .Xlurtiu Air TANIIMUI (III HI noir .... Ohio ... v . ' I'lHlri.. Plpo S II I al S II N J sow . ' ' II US 111 I Ve' Ask IP. S ni I lope Ix.ilel 11 123 112 V 'J3L. -!-' s 3'."s 781(2 0."'h 107 dfiia St 40 S!l"' l.'i I .VI 00 's 7 7'.. 11 Si 301 4 00's !I0'S l'J!) JVh OS', SO 13's L'3 3S 4(P 4!I--'S 2'.) r."i Ml'.. 0J 10S 74 3.V, SI!'', no Jl.-l 111 . 1.-.1, 17's I'll'. j L'O 0-Ji, loo is 40 31 'I, 77i ITs 78as'.''s 113 .. 'JTH '-' J3 . . IKIk- I V2 .. l'J78 .-. 3(1 0 S,4 ", .'H',4 7i ; (HI . . U'.S 1 4(1 1 '!. S, 1 40 .. Shnt Ariz. . l.i Sl-Sh St iv Ir 00 Sinclair Oil . PiOLj So I'nr HON So It II 31-i do pf 70 Stiidohaker . . . 83 I do pf Wia, Stilt. Motors . ."iSa, 1 Sup Steel .... 42-1, Stioni (C'ailil 4('ii, I Su St ell 1st pf fl.-i i a Ten Cop S. Ch. ltfs Tpx & I'ai- .. 10;1s i Tex Ccvm L'S-1 j'l'il Avp K It... 'J0'"k Tob l'uul Ml', ,8 L'34 Ml :;o 10 21 '4 iiir Ur's ri8'4 03"h 100 31 081.', M OO'ij .181.. 11 4.-1 n.-i. 14-s 48s -7.""s 1.8.14 88-;n St. K I is4 ".7 !... ' 10 .. I '-MU 8 IS U, nni4 i'i .0.Vr I 100K. i 31'8 1, 70 4-I'i S'Jl4 Ir'i i'. Clote Xet thge. 84 08 Uj 70 -I .TS,'."1 '. tl.Ofla harn. romparfd ntth ln'S?5 """ yealerday, thin far this wek. SJ.31B aharea. iintt period laat week, 47.Ui8 shares. homis .f.)00 Am & Klec 5s 84 1000 EI & I'o Tr 4s oria 2000 Uh Vnl gen 4s. 70n4 ntKfO Lib Hnnil 3d4i4s. tC.IS !5.tS 05.1S4 "S 2000 I'liila Co 1st ."is.. 100 100 1110 is ,1200 I'hil Klec 1st ."is iliisfpd. 04i4 01 04 .. Tntitl .rtta lit Ton n. ..., .. in. .90. .l'aiL1Bi 18" jeslerdav thus far this xvei-k. $"3,830. !l, , , IM1" period laft week 11113,400 84 .. 08ia'Ji2 70?i U STOCK TRADING IS WIDE HERE, BUT FEW ISSUES ARE ACTIVE Tonopah-Belmonl Leads and Advances to New High Price. Baldwin Locomotive Soars Rails Higher There was broad trading on the Philadelphia Stock Exchange. Only a 'foxv issues developed much activity, however and there was no unusual momentum in any shnres. The market tone xvas strong. A fexv storks yielded rather widely in the early part of the. session, but showed some improvement in the afternoon. Tonopali-Iielmont was the active loader of the home list and it rose to 4, n nexv high record level for more trlan a jtnr, but shaded slightly lat'er when It was learned that cables showed a lower price for the white metal In London. Tonopnli Mining was not as active as Ueimont and yielded a trifle near the close. I'hiladelphla Kloctric came out Id good volume and was firm, but declines xvere recorded by both classes of Oeneral Asphalt stock and United (las Improve ment. Lake Superior closed higher after declining n little, reflecting the good demand for Steel common both here nnd New York, which wns responsible for Steel rising In the local market to a nexv top for this movement of 1038. OP more thnn 2" points, with a slight reaction xvhen that level had heen reached, due to profit -taking. rtapid Transit trust certificates took h downward course, which was un. explained in the financial district, declining as much as I4 from the high point reached in the previous session, but ended the day unchanged. Union Traction and I'hiladelphla Traction both held steady. Hnldwin Locomotive continued in favor both here and in Nexv lork, rising more than 5 points here to IOP4, a noxv top, although reports came from' nun sireei mat important interests denied rumors than an 8 per cent dividend would likely be paid in the early future. Hails xxere generally strong. Pennsylvania was active again ano moved up a good-sized fraction. Heading Company and first preferred each scored wide advances, Lehigh Valley gained io nnd Pittsburgh and West Virginia nddedmorc than 1 point to ita previous closing level. Third Liberty Loan 4i4s xxere higher, advancing to 05.18 and the Street is expecting all the government's xvar bonds to turn upward soon P. B. and IF. Shows let Income for 1918 The third annual report of the Philadelphia, llaltimore nnd Washington Unilroad Company, a Ponusjlvnuin subsidiary, for the year ended December 31. 1!)18; which came out today, shows grosH income of .$'.o6.",420, of which 52,004, 03(1 is rental from the government. Net income was $1,587,004, equal to a littl more than 0 per cent on the stock outstanding, as compared with .5,008,106 the previous year, equal to nearly II) per cent. The report states that the company disposed of its holdings of Southern Pacific stock. It had $1,848,700 of Southern Pacific, but no mention is made of the price received. 1K14- .l". '4 45 1.4- a .'. -"4 1 .-,!;. V 48. 4- "k1 J8034 ."!4 , 20iH4-l"ial 884 4- 14 A'eiu York Bonds Sales J 1000 Hlsh Oil's Low do pf Trail Willinins. 51 is To St L W ct . 8:'s do pf ct ... 17 Tidewater Oil.. '.'50 I'nion Pacific. . 135 fin tiref ..... Tt?7, 1001 l()(ls 00ls- 51 S' 17 250 -HV 41) 8 KP4 17 4-:!Ui 250 250 4-10 ! 133K. l.'1404 4-li Clowe iVm Agr 5s !iTh ).i. i!74 1 do deb 5 110 110 110 71 Anglo-Frh 5s.. !I7,' 07 A 07,V 1(1 Am For Sec 5s. !!)U ilOU OOU 3 Am Smelt 5 '.)() 00 00 34 Am Tel & T fis.103o 103 103 14 .: 't" !''n't Alloy Stl. 407 47 40V214 4.14- N i-nit cKr Slors.l34i4 133'4 1334 7s ",, 1'nit Ug 1st pf 54i4 5414 54'4 Ts ( -f-l'diFiiit Fruit 181 183 184 4-1 13' 28 ' ' I'nit lly Invest 7" 2 4- lj I ,lo nref a4 as VSCIP xt F. 25 28i,i4-1 it j do pref 03 41 4-1 '( o Express .. -JO 71 4-21-j V S I ml Alcoli.150ii 154 ilS'o4-2 F s ltpalt.x Tin 44 43 120 I '( s Rubhor... 07 20s4-l"s j ,o 1st prof.. 1131 13" 28 -"',8 03 2SL'. !M14 13TL4- a 28 , '., 1 (31 4-S01..4- 43144 23 38 1(1 f 50 4 2 a 4- I'nl Food Prod 77:,n C S Smlt & Rf 001 j -',4 '4 (13 4-1 20 .. 154i.j.. 44 .. 001. .4-1 H3'o 113in4- t 77 77!k4- 's 07"s 07Ts '1 i,a " S Stopl. do pref . , ...103 101Ts 10:i4-2i 11514 114 115 4- S3i.i 03 108 75 f3 4-3 l.'-i . 17 '"' 17 . S7 . B0 's .111 .111 '. SI) .10 . -'II . 2M !' . lXu B.' jmi l.'s in 11 -1 11 -"S J ", 2 o.l Hi"" 42 K 3IK, SI l.-. 113 13', 1011 14 1 I'l 411 4' 4'. SKICIJsi n' '-'t 2 me Mines . , . l,","i Krie l,s.-.s do 1st pref . . 3(). do 2d pref . . 20' . Fisher Body ... 03 do prof 100 Foil Min & Sm. 18 do pref 17 (Jnstnn AVillinui 32"'k iiou igar o. . 11 , ,.) (Jeneral Mtors.lSS 1ST do pref ... .02 02 Con Motors deb 00 Oil (ioodrich It F. . 72 71 (irnuby Mining OS (is (it North pref. l)(is 1151;, (It Nor Ore sub 40 45'' (lieene-Can C. 41 41 (lult States Stl 741-2 00 Ilnsk & Iinrk. 50 5SS Int Agricul.... 2(1' 2(1 do pief 823, M)i, Inspiration Cop 53:i8 52 lnterb-Cons C. (I 5f's do prof l!l',t 1h Int Mer Mar.. 4iK 4S do pr .1201 2 Jul lutein'! Paper. 51L. 51 30i8 .S3 4 111 4-1., 215 - 1.. 11 4- L"s4- 3s 18"s4- ns 30', 3, JO In 4-I 03 "4-1 '4 100 4-1 Ts IS -,1 103,4- a; 32-4-1r,s 70 4-2 1SS 4-11., 02 4-1 00 .. 71 4- is . .. 00 4-P. j 10 ',4- H 4- is 74'24-l', 5STS.,. 7. litnli Copper . 70nN 78 I'tnh Sec Corp IS 18 Vn CarChem.. 00's 07 pref ... 1133s 113 AVnbnsh 11 ij 11 do pref A . . . Xi "Mni do pref 11... 237s 23 West Maryland 12 11"8 do 2d pref . . 27 25 West Pacific. 24'a 21 do pref .... 55 54' 2 West I'nion Tel 88 87 1 Am Tob 4s 83 S3 83 8 Armour Co 4Ljs Hls S7 V 87?8 5 Atchison 4s .... S3 82 82 1 Atch Trnn'.S I. 4s 7M,S 78i.s TS'f, 2 Halt xt Ohio 3 U.s SO SO 80 2 do 4s 72 72 72 1 do Sxvn 31. is.. 84 84 84 1(1 lieth Stool 5s 3(1 8.V., 85T8 8578 2 Hrnokn II T 7s.. So SO 80 2 do 5s (13 1.. (13 1:, 03 1.', 51 Bordeaux fis )!)"; M)U, 001. 11 Can Covt 5s '21. OS'i l)8i)C IISW. 4 do 5s '2(1 OS 07 07 13 do 5s ,'31 1)8 0776 08 12 Cent I.thr 5s... 00 llflU, 00 1 Cent It It N .1 5s.l02 102 102 17 Chile Os 1)0 iB 00 00'.. 2C tc () rx- 4V.s. 8H2 SI'.. 811. 12 do 4'L.M SOii. SO'.j SOW. 107 do cv 5s 1)0 80 00 3 Chi & A 3'.js 77 77 77 1., 15 C Ct Wes 4s. . . , . "l (IOC II ,K.H Is. .. 1 2CMiStI,rfd4'. '11 do cv 5s 10 do op 5s .... 8 do cv 4i.;s 1 Chinese .is 10 City Paris (Is ... .i wen ix: 1x10 xir s c-4 2 do 4i's 74 (1 Kric cv 4s SerA 483. UNITED STATES GOVERNMENT LIBERTY LOAN BONDS Callable Due 1932 1947 1922 1923 1932 1947 1927 1942 1932 1947 1927 1942 1928 1933 1938 1922 1923 $50, $100, $500 AND $1000 DENOMINATIONS Rate 3'i9r... Sc... 4 ... 4 To . . . 4,iCr... 414... 4',47o... Virr... 4J4... FULL INFORMATION REGARDING TAX FEATURES OF LIBERTY LOAN SECURITIES WILL BE FURNISHED UPON REQUEST THE MONTGOMERY & CO. 133 SOUTH 4TH STREET PHILADELPHIA 14 WALL STREET NEW YORK MKMIIKKS OK Till: NKW ORK AM) I'lllI.ADKI.rillA STOCK KXCHAMJKS C.nM'.KNMF.NT SWTRITIBS IJEI'ARTMENT TKI.KI'IIO.MM, HUM,. I.O.UIIAIU) 4320: KKY8TONK, MAIN S3M 78 18 .. OSU l 113:!N V 11'i '4 :t.-.',4 23Vs17s 12i ij8. 27 2 23U2T:,' 55 88 14 OIL. 1I.-I'-', 70TA 781 1. 081:. 781..J 70Tk 08 14 721 West Air ltrk.114 114 114 AVestingh MfR 5(r's 55 ns 55 . . Wheel & L K do pref .... White Motors Willys-Overld Wilson Co .. Wis Central.. Worth P & M do pref A . . . do pief I!. . . . 11 23 50 34'i 881 4 40 70' 2 00 10W. 21 1 58 .1.1 't 87 '-J 30 00 fill TTU. 11 "al 23 2'.j ' 58' ij :'.1-k " S7'2.. 40 ' 70 fill 1 Total sat reported 011 w Voik ptiixk HcUer. t.801,000 nharfH compareil xxllli 1.4M.700 8haren xealenldX thUH fur this well., 4, 8711, 000 share bttlnt period laat xxcek. 2,876.0(10 sharei' . Local Bid and Asked 20 82s 1 V mr, 3'1U 112 2S.1 7.1.1 :iss 2111) 3'H 317 287 743 3113 Int Nickel . . Jexxel Ten . ICnn City So Knn Cy So pr. 38 24', 2)?i 1 37 23 I Kelly SpBfield.123'2 122 123 IS", 1 48i8.. 110 1 51 - 14 2(1 . . 37- 'i 24!i I 55 li 'k'Aj. S. LIBERTY BONDS S-y.Hl $50. $100, $1000 MBnHT, it ..tfiJi sr- t - . " Ci. Une INVESTMENT i ' ' ' I ffUVATE OWNERS' f, WILL SELL' . h Valley Railroad. Co., $1000 Consolidated 4 Uoid Bond. lit. & Reading: Coal & Iron Co., General Mortgage 47 Gold fiik' AocumuktWl Intorwt Bs.iL -' -n -i-. W- 5'ti IBS 1' , r v ffiHMB ST lMfcrl open hearth, quoted on domestic in- ijuiry. New Delaware Corporations llnv, H1. A1V 14 -.niiuflnra n. ore I filed here today as follows: Globe Fi nance Corporation, authorized capital ?0,000,000, to deal Jn Hceuri- tiei, etc, ; the Huff Oil and !as Com pany, authorized capital $1,500,000, to prospect conl oil petroleum and miner als of all kinds; (iibrnltar Tire and Ilubber Corporation, authorized capital $1,400,000, to manufacture tires of oil klndi; Richard Krau?. Clasnon Point, y. T. Jt. A. Heyier, Brooklyn, X, Y. ; Arthur svnuon, Nackf X. I, iocor wnl r. T? C" -- I v ... INDKI'KMMINT 1)11 HntfiPtt Oil & liuu t 'uinnionwMiith C'dSClfll tc t'ti . FetIrI Oil Intr ivirol Mouttlnti Oil Merrill Oil Met ivirol Ohlu Pue Hapulpa Hcf mttt Spquoh Hlnclair . . . " f vlaTid , , , a tllenro k MIMN(i Uoaion A Moiitun.! lluite w ork fori Ariz. ' F i. lerom Klmt Vkilnnni (loldflfM .Merger GuUIfltM I'ona (Juldfleh riiiretu GolrlfleM Km'HnHi !ren Nrinter ffecla illnintr . Movte Mount) Indcpenclnrn I.ad Jrom Verde .Urn llutlr Jumbo KxiertHlurt . . . McKlnIe-UarraKh Marina Copper .... Mother I(Hle . .. MinvM Co or America Nevada llllli Nevada Wonder .... Nlninlnff Ohio Copper Kay riertuleit Han Toy . . . , TonoiPth Kxierinlon . , tTnlted Verde ... . , WMt End Con . ... White Oapa Yerlnston . . . STO KH 4S 32 III mi Sl4 im ,?;'' I 2.1 N'4 ' (10 X, Hi, I". lO'l as .is us tin in. 1.V s 1'4 o 3. 44 14 IIJ .10 40 i. I" . 2'4 24 n 1 ' n si J 4'i 4 4.l' in i.i .12 44.4 ,84 S'i 3D 2H 2 7 i Keuueeott Cop. ai'V .tl Kejmoiie TxS.lt O.VH 04 KeUey Wheel. 4:t 43"4 Lack Steel . . SI 7."i'... Lehigh Vullej . ."'(i ."(1 Lee Hub A: Tir ICI 32 a LIk&M Tb Co.21L".. 212j I,KC-W liU Cl fld'H '"'' Lorillnid. P .. 101 '.. 1111 '. 101 '., Manlmt Shirt.. 110'... 11.1 110 "4 Max Motor ... AWt, 4(i 4(1M, U, do Ut pref. 70'i 70'i 70i a do 2d pref. . .Vi 34a Ws fH May Dep Strs 00 0.'.34 1111 3 Mex Petrol ..183 180 180 -M1; i , :n38- 's O.-.L.- i8 43- r.na4 32'.'. i . nou t. American Sloren !lnl,llTi IlufTalo gi Susct do preferred Ilrlll. J a .. . i 'ramp t c Klclrle Htoraue Ueniral Asplmlt dc pre fern d KevBlotieTele do pref err. d . . I.al.e Sup Corp lbttrh NaxlRHllon I.ehlnh Vallex- . . IrfS,ll!h Val '1'ran do preferred Inulxan!a PhllH Kleclrlo I'hlla Co do S p c pref do (1 p c pref . Phlln rt T t c Reading- Tonopali Tllmont 'I'onopali Mtnlns ITnlon Trattton iiri, i . ir 5 Micel Vork llallxvayii do preferred Toda nid Auk "0 tun To r.i 4T I1M 74'; (II Kl'l D 2(1'. im .Ill's , in , 2R lis, . 41 -' Kll .11, inxi fliix inuv 7.1 rn 411 12.1 7.1 !'. HIT 111 .111 20 . ll'l'i 4.1. 2.1', 42 3m .11) 3'i loavi loss 7 OVi .1t' 32X4 Yeateiday 111(1 Ak 20 ' "X llf4 7(1 .11 47', 123 74 Til', ion ii 4S 20'4 r.ii 2S -:' 40', 211 3n aj .i'. anx-i no , 101 s 32 llll 73 .1.1 411 12.1 7B 71 HIT 10 .10 20S iinxZ in'J IB !2 3t 3B, 2fl STU ; 40 7(1 101 U Miami Con C -"''s Midvale Steel. 4S M & St L nexx lr.'j MStP . SStM 02' Mo K . 'IVx. Id5 do pief .. .. 18'4 MiHhouri Pac. !123s do pref , . . . Nat Acme . . . Nat Con & C ..i 40',i IHn HO ' 10'h 18 31 ' 2 noli 3(1 Mi 48 14Ts Ts 112 Mi U1 a 10 'h 18 Ms 31Ts M4 M Js (11 0.1 u. 70'i, 7S4 08 M. 78 70 T 1IS14 72', 74 48'.. 4S3, fiO 00'-. 00 4.". 34 1, 101 7S 87 U 02 U 113',', 113', 112 112 os.so ns.os os.80 04.18 04.04 04.12 D.-..7S 0.1.70 0.1.78 0.1.20 0.1.20 0,1.2(1 0.1.00 05.70 0.1.00 04.22 04.10 04.22 04.20 1)4.10 04.20 Wim pnR oo .i-.i'iM !n',vs w';h 8S4 ill H.-X-4 .11 a (HI',.. 00 40 3.V'M . 87 lK 02 'i 113', .112 oi';. 11.-1 w 78 '4 08 Mi 78 U, 70 fis'i 72 ',4 74 4S"i 4814 .11 ft Utl'j 00 4.1 3.1 101 78 h7h 02U S0"8 1)1 02'. LESS COTTON CONSUMED Washington, May 14, A report is sued today by the Bureau of the Census shown that there xxere consumed In April, exclusive of linters, 47i1,7i3 run ning bales, romp-red with .141,120 hales Ip April. 1018. Lxports last month, including linters. were 411,010 rumiinR bales, 'against 217,802 in April, 1018. Imnorts for April were 34,403 enuiva- 1 ',3 'lent to fiOO-pound baleR. against 21,- 158 bales In April. 1018. Cotton spindles active in April, xx-eee 33,213, 020, compared with' 33,731,007 in same month a year ago. 28 do Her H 2 do Ser I) 10 Kric 4s 2 Gen Elec ,1s . . . 8 loxvn Central Is. 234 Iuterb Met I'.s, 130 Int Mer Mnr (Is. 102 1 Japanese 4s 7 4 Kan City So .li .". Llg & M T os, ." do 7 2 Loi'illnrd 7b. . . 081 Lib Ilond 3'iB 273 do cv 4s .12 do 1st 4s ... 1000 do 4Us 230 do 1st 4'is 810 do 2d 4''4h . 3234 do 4th 4',h . .10 Lyons 0s .... .10 Mai-Beilles 0s . 20 Midvale .Is . . 1IMPWL .18 1020 111 44 Mo ruo gen 4r. 02'i 1 N.YC & H3"s 72 72 T.7 do 0s 08 OS14 R do-4',L. 83 83 M. 00 N V Cy 4i '00 07 00 I do 4V,n 1004. Ofi 0(14 10 do 4M.-S lOOT.lOiai, lOlg 101 SXl'NHi H cv a Mi s .... no no 50 ,1 NY NH & H 0s 81 81 SI .1 N Y O & W 4s 04, (144 04.14 3 do (Is 104 104 104 32 N Y Kxvy .Is... l'-"a 12 12M 7 N Y Tel 4'j .. 80 Mi 80 '3 SO1. 40 N Y V C & B 4',-ss ...107',i 107',4 107',4 12 Nor & W i-vt 0s 1084 lOS 108 3 Nor Pat- 4s 83'2 S3s St'. 2 do 3s .10:J4 m r.l)4 1 Peuna gen 4'-.s, 87 S7 87 2 do en 4,h.... 03 KVi IKl 12 do 5s 1 OIK O.104 ll.-i 1).-, 27 Pierce Oil 0s '21.110 100 100 17Pere Jarq .In... 80 8OM1 8(1 1(1 Sinclair Uil xvar,nn 143 4r 0 do 7s on-14 n4 00S4 124 Sou Tai' cv 4.. 84 ',4 83 84 '4 12T do 5 100 108',4 IOS',4 17 do .Is 04 Mi 4 lUj 2 Term Asso StL4s 72 72 72 08 83'. 07 '",4 $50,000.00 General Utility Co. WE offer, for immediate sale, $50,000.00 preferred stock, 7 per cent, cumulative, non-assessable, par $10.00, and pive. as a bonus, 25 per cent, of com mon stock with each share of preferred. Common stock par value is $10 per share, fully paid, non-assessable. The General Utility Co. is manufacturing automotive necessities, for which there is an ever-increasing demand with large profits. Full information upon request. Franklin Finance Corp. 811 Stock Exchange Bidg. Tolal ln, IS.617,OO0, compared xvllh JI1..hu,iiiio yeiieraay; inun rar tula xvttk, 3. 724,000; ame period laat xxeek, 31, OU,00O. iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiittiiiiiniiiiiiiiiiiiiiiiiiiiiiiiii: UMITED STATES GOVERNMENT Liberty Loans ALL ISSUES E BOUGHT AND SOLD ON COMMISSION AT S CURRENT MARKET PRICES. 1 West & Go. I BANKERS ' I , 1417 CHESTNUT STREET u,.k I Nw Tark ataxic Kieha.ni Member. ptjtj,! atvc Kiebaue .x niiiiiiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimtiiiiimiiinr? B- v.i M'h .17 8 Mi .17 1 20Mi 1D94 10?i 14 Nnt C & S nf..lO0Mi iMi iuu',ii 'i Nat Knam & H 04 (12 04 -fl'j National Lead, 75 75,4 70,i Va X It UofM 2dpf 10 10 10 Nevada Con C. 17 17Ui 1V,4 .i Nxv O T & M 34 ',4 33 N VAirrake,1189ill8 34',4-f-l ',i 118Vii nethlehem r,p Coaden uil Coiden it Co Aa Cudahy ne ,. nuaalan Dox' .14 a . nuaalan Uor 4 SouthelTl Raltviar Km II0M8 1 01', B7 7 KftLfttf.'ss-nfji inn na n.i .JOJ'4 lovs R7 BS . (xi.miva -i N Y Central.. 70 781& 71) 1 IN Y C & St 1 30 21)',i 30 1 I ilo 2d pref.. 10 40 40 4 N X Uools.... 2N'!i -M -m ., lo pref ... no no no i N'Y N II H 32 31 , 32V41 N Y Ont xV W 21 Vt tlVA SUA., v-.-r u.iiii 11 in 111 H XU1,4 I7UII i-l f, -fM tUE ijorf.& yr. . 'MM-. ERNST S ERNST TAX SERVICE . AUDITS AND SYSTEMS. PHILADELPHIA 2023-202 LAND TITLE BUJLDINO. T!phon-Locutt 2681 NEW YORK PITTSBURGH TOLEDO .. HOUSTON BOSTON ST. LOUIS CINCINNATI DALLAS BUFFALO CHICAGO CLEVELAND DETROIT MINrjEAPOLIB !& SALT CREEK PRODUCERS Wyoming's Leading Oil Producing Companu This corporation, controller the greater part et tho Bait Creek pool. Wyoming, now baa a production ot 15,000 barrel at crude oil dally, all of lihlch la taken by the Uldwest Refinlni Company, A reault ot the merger ot several producing properties into tb BALT CIUCBIC PRODUCERS' ASSOCIATION, eoonomlea of operation linye been effected, while Increased output ot tb field hie been facilitated. Full Information on Euttt ANTONIDES & CO. InTcatment Securities 'j. First National Baak Bldg. ''vl' 0avr, Cole. ..MV1!'' I i r v ..- . i i,atY.s .t ? . . -,'&,"- IT J?TA IS 'i'.? ;ii. I?, ., .- . - -i He3t5 n
Significant historical Pennsylvania newspapers