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PTJBLIC LEDGER PHILADELPHIA, WEDNESDAY, MAY
21,
1919
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Do You Wish
YouKnewthc
General Rules
for Trading?
'T'HE way to place
, an order with a
broker? the deposit
requirements? the
commission charges?
what instructions
givci
and how
to
an
account is opened?
Our Free Booklet
explains this timely sub
ject in a simple way and
gives clear examples. Send
for a copy today.
rK for Hooklrt .No.T.l". 78
JONES & BAKER
SECURITIES
Widener Bid.. Philadelphia
'Phonts Bfll, H'nni1 1690
Ktytton, .Vim 2290
K-nrli Detroit r,iiirsa
Chirac Plrecl 'Vliole tl ire. lo-lon
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
. . . ,,
MERCANTILE MARINE SALE
MAKES MARKET IRREGULAR
Shipping Issues Soil Off. Although Close of British Deal Is.
Considered Good 'Sen's Baldwin Strong
NEW YORK STOCK SALES
High Points in Today's- Financial V'H'.s
Weakness n f marine issues, ruiced by sellinp on Hitmiuiu'pment of
closing nf Rtitish tonnnRc 'ale plan, made New Yoik stock maikct
iiiefrulnr. Curb piici-s hold fairlv steady. Corn yielded late on profit
tiiktnc after being slronp. CoUon -howod unsettlement and whs in
clined downwind. Koieiirn exclinnce market whs erratic, with further
decline for francs and sterling. Mar silver was lower in London, and
diopped shaipi.v '" New Yoik. Kpoi ts.from the United States in April
ueie reported to have been linger than during any previous month
on lecord.
l-B.I
clous
i:
: i
(iSS
i
lttsh
17',
.(IS
60
:,
I
N Vnrk. Mm -1. That
nnt tnke to riioiI new. kiurlli
Ipii nnlili" Marin is,irs Imlnv
lint Ihpii uiillinK fni tnntp iluiti h eni tin
mntkei in Inteo blinks mill heiniuc " weak
Hip stock mntkei under bull conditions lce
a ihailj imli'-nlPil i it thp m-t ion of I h
Willi the ticna mil for "hlih IIip Street
c i.uw weie ptcssod mi the
IIS In unsettle tlP PlllirP list
Ste.-
A M-V""'""" '
,ni -'iciHot -in',
cr( '.
V? l' pf 54',
,'" ar i..rf ,"." ..
v.". ;., "' '-,j.
:" "We .:.
Al Ice
Am !cpf' '.'.'
Am .1't'"'nal
Ant "
tiurr
i-u
L pt . .'
41'
' S2
oa
. 55'
13'
Am ir
'tin
W oun anil offpr. subject
'o sale and leRalitN :
SI 50.000
Sharon. Pa.. 1'2'-
Bonds
Exempt from all 1'eder.il
Income Taxes.
Free of I'ennsvhania Sla"
Tax.
Eligible as spi ui it for Pos
tal Samgs ileposils.
ompl!- I- ' t I ' "in i!in i i '
Hond Mature Seriall Maj.
1924. lo Maj. 1919
l'rice to jield 1.10''
The National City
Company
Philadelphia 1421 Cbeitnut it.
The Scientific
Investment of Funds
There is a wide dif
ference in the yield
v of many equally
well secured invest
ments. Over a pe
riod of years it will
make a considerable
difference in the in
come of an individ
ual if he buys bonds
and notes without
a full appreciation
of their investment
qualifications as they
apply to his partic
ular requirements.
Correspnvrtencr inrilril.
Hemphill, Noyes & Co.
Franklin Bank Bldg., Phila.
New York Scranton
Minim' oiniimn inlil ilnwn muro llinn point'- in WU. fntlnwing rx'iltl
it iiflmic ill tli" nprnlnir. iiimI 1 1 r pifi'rrM, wliit h minlo mi atlviim nf
'J piiints tit l-7'j tti tlin initial trnrtinz. old down t' rj-1"'.. Amrrimn
1 ntrninliininl niooil in 1 1n -nnic win, rnnciiic fitun !l'.t to !IL'.
'I'linr writ mn ti In i-l hI ;t fit r in tithr-r gimips nf -tm k during r
tn.) hnlf nt' tin1 ilm . with ill tr til ion finnintiflotl Ir t h o prMioloum iur.
Itpi'nnvp of i go i on s liti mi; of t hoir Htm , au Am a 'wan nm inp up J point
in "7 ntnl tfjin" of moii t h n ti J pfiinn. wno mnilo in both Ron1 Pulrli nnl
Mi'viuin I'ctioliMint, whiU' Sum imi' m-p nhotil - point - I" It"
'rijli K'l'H' lf' follow I'll l lllll p 1 t'r'.s.(inv nrH, wIlPIl lIlP pl
hic iii ilir 1 ii t in isui's w:i imi'l pionoiuo'iMt
I mti'il Stntt SiiM'l Miiiiniiiii h'MmMiiI nlioi ptmti Hiiiiiik n rooi pnit of
th' dm ii(,Mntnc ' to ll).t Inil iijrloil In U'J Iipii tlin cpiipijiI
b I in miPil in thi nft'M noon Hnblw in l.m mimtni' wns imp if thr
"tinnpvt f piiI hi o. mucins fiom Pit1, to lo!-,. ntnl ttftnr Iodine tnar llif
. losr- it dpi iiinn ;i Htimic ti'iitnm in t Iip html 1 1 mime. lim n li nt it
ii u Inch for tlin d,n ,
'I In tt not ion Mm kv wpip Mmnn Itionlslni Rttpul Timiit Mini Inlrr
botouch pipfn ml nioxinc up timto tlimi : point- n ton ml innlil:i . Minn
n i t.illH"- nimb' c!un of ftotn 'J to point, but ipMpi! ftoni thn Iticl"
Ii K
I'ltiilitic in III IioiiiI nun krl n. on n iuoip ntouip riilr Minn h;i
bo n niitnl in ioi'phJ lim'- Tit" IiicIip'! iiuportmtip w tiHt ii i n Il atlmliPtt
io i he nnt i mini linn bin imr of tin l.ibpi t i.up whb Ii i nri iod tin
loiuili I ' t up to PI '.Hi w i tli piniioiiui I'd "ti 'Micth nln .lmw u m nnin of tliP
n'liPr l.ibfiit n.iipi
Intel miitouiil Mpii atittln Mm hip imImiih im to nbon Kin. but In I it
MMiii'd to IMI'. Thi'i o hiii lifin n.'iiliui: in Ini'-i boiMiieh ." nml Hiook
M?Wi"n- s?
:n 3i
K'3 iai
0), 7 1
Wl'j 1U4
'J (MS
Oil, I)..!
M'i Mil
ll ..
4's 4S"
1iw
M
31' i
t.HS
.-'
S
i '
, Ml1'
M '
'.l
iois
i:i
1B2W
ft!
71
Jl'i
Dh't
hU
57
p in.
:.
ess
h7S
i
."
a"i'
U,h'
si' J
'.11
64!
'm'
13'
'.i:t 4
12
54' I '
11
Ul(l
0.1!
li.Vi
si
IlBt
. cloie
Pan Am P & T-pf lm
Cpnn Itallroad
Prnn Senbuard H
1'cor.a A Iislvru.
People p (Jas Chi .
Pfic XlHrqquetle .
I'erc Mam pt ..
Pern II pi lor pf. .
Philadelphia Co .
Plerce-Arrow . . ..
Plfroe-Airow pf. .
I'Hrce Oil
Pills Coal
Pills & Wet V.
Pitts A W Vr pf
4S
in
ll'i
Gl4
23) (
4fi ..
i.:i
41.',
.vi.u
107
2fi'
JVl
Hlh Tiw
lf.3.'4 102
4SU 4'47
3(1! j 3(1
Pond Crtk Coal. 17
fi2
23'4
,11
IW,
M'i
nh
27S
ftf'4
38' i
f-2
17W
S0'(
:v.
Preterl S Car ... 7I.S
Pullman. Co 128'-j
Punln A Suirr . . .10'
Uy f-'tepl Spring . )0
i;ay I'ons Cop ... 2'$
rtz-wdinr ,vi
Hrndlnit Ht pf . 37;V
ntaJIHB Id pf . . 3'l
Itcp Iron 6 Steel. ,-ri!,'
Ilep I (L S pt . 10J',
11o O Am eliares lldS 1I!J.'
Ho n N y shai-c llh' III)
6l'-j
I'M
is
(?
ill.'4
107
20',
ft7
37
S2
17
row
s no
p.m.
10.1)4
47(
W14
'ri4
23.',
1H
T2"i
10.' 4
.VI'.
107
20'.
,S2
17'.
701
Philadelphia Stocks
Net
Itl-h l.nw ("lo h
inn Am'Stm. L'T 2t 24 -f!t'
10 Am (inn. 011 m7s tm..
2m UaidW.MOKj inou. innvi
100 Halt & O 541. r,4 . ."4i-
71 -
Y2t.il 12.'a I2t.
60
001.
21
:s
80S
'" Snuff f 7 7S,4 " '
A"l -Sun,, nK 117 . . .V,
1 An. ;.."" '""
1 )'" 'ol,n,,'U
i rtin -I'oh
con
,,?
'"I U'unlo.
H, ,
,
" "III
l ii Kiipul I i n n-i I
I'Mlf ui'ipil up I
pel
mi -nliitiiiiii:il
I ''III It' I1HH I'
inlvinii'io. nml nnii. nf tin, iiiili'iiml
OILS TAKE THE LEAD DECLINES
IN ILL ST, Tl
Am
'"' ', (Milan. ..
II
. ; .' ' IT
- '. lie l,
V" ' A s pf
, "in 'imnls
-soolain uil
A li'h Top ,v a ,;
Vnh,rKiSF"
J" ''"If .S. v J
Ha Id ln Loco
Balllmor. ,t ohto'
" ft Ohio pf.
Haneii Co . .
Hetli S Class b"
""' Klfel 8", pf
Kiinlh Kihherles
Hionk it pian
Hm n Hins .
Bums T A n. see
IIuiip Cop Zinc
Huite Superior
C.irlili) i pin '
ChI PacKiriK
' .il Pi'Holeim . . .
Cal Pel pf . .
Caluiiipi a Anz
Caiiiillim piiLitie
Ce Hi .tl Pily . .
Ccnti.i! r'dv pf
I (IS ?'.
inn loos
107 j( r
loo mo ,
7,y 7in
101'. 10IS
-J' j .". i
l'4 J7'i
411' 2
07' j 07'
IS til,
.S') 11(1' I
'111.', POS
h7' i s.7
1"i.'4 IOIS
in.", ios'4
74 0 ,
lOoS 102
1PV4 lpt'
t00' 1" '
10) 1'"
ih
101'
(4
17
;n
mis
ii i
I7'i
47' , 17'
vs ss
ii, ''
S7 S7
104S !04'
lfl'J'4 IMS
db 0s
.3
IK'S
fi1
l.'OS liSSIJM. 137
"(J, 7' 7."i 4 7,i
II.'
24 S 2
1 I'J'tl.Vl
23"
.0
,JS
0'
I2S
li)S
00
.11
7s,
i IS
100',
20 j
I
10'
13
2.V.
,-.fl'.
I.,''
US
7!) ,
11.0' i
20" ;
.'ill' j
i;.o
i us
i-.s
24S
lll'l
, I.5S
31',
7!) ,
nn
10',
li'S
2IS
oir,
Oli
31' i
11.-I II. '
.li'i 20 .
401 j
I St (,-Snn Kran . .
I St I- Swrn
i St 1, Swrn pf . . .
b'uBEf Amid . . .
Kaxon Motor
Seaboard Air Ij .
"nlioHrrl A 1 1 pf.
Seal n n X. Co . .
Sliattuck-Arlz ...
.Sinclair O Itef
Siosp Sheff S & I.
Southpin Phc tic
Southern Itwv
Sniithriii It pf
SliomliuK Carli
S'uil.bak'i' Co
Stutz Motor
Sipirlor flteel
Tf nn Cop & Cheni
Texas Co . . . .
To.m A- Paoltlj .
Third Aenue ..
'Inhjcco Prod ...
Tub Prod pf . .
Twin c n Trail
Union Padfie ...
t'nlon l'ncinc pf .
I'nltcd Allov S .
t'n Clsnr .Stores .
I'nlleil Krult.....
I ii rtyg lneft ,. .
t'n Its In pf . ..
t S t -asi ii- uy
V S Food Prod .
I' S Ijid Alcohol
I' S Iteally lm
I' K Ilublier . .
L S nub 1st pf
I' S Smelt It . M
V S S n & M pf
1" H Steel
I' S Steel pf
I- tali Copper . .
t'lali Sccurlilei,
2.1
''2
in
21S
211
14S
04S
as
IPS",
.d'.
70.',
,W,
11 .
In
Kt'i
SOS
ions
41S
II'Olj
73S
olS
131
1R3
14
27S
2.V,
7S
f.B
SOS
2IS
S7S
3K
HV,
ila
11G.S
22S
L'SS
22' i
3C1, 30
10
10S
21S'
212
us'
07
fiK
I0"1',
,2S
7m
IDS
M i
I3S
l.l
27I1S
."IS
-'IS
SO' ,
100S
4
130S'
73'
MI
MIS IS'.'
II
2!)
10).'. 102
s
I PT Cent.a, i.,all.er Ml -'', 01S '.IP, V:,-Ch,o Chen, . O0S(O m W, 'in"' J1"' ' " ,0 I"'"' "" ,
I CeiilVe.l Pied (4 .i-Cain C pf 1131, Spot linup, (lie otitli and Liverpool
LI0 I "i" de Pasco C 44S V 1 MS II Wabash 12', 'j.'," II", US ali'O ,old. Hip Ia((or rhlrfl in late in-
Cliamllei Mnior . 101 104 1G2S 1S !,a!l1 ',f A 37S 37! LOS' 3GS Silious Wall Slreel trailed liotli wayr.
I.'i7
II
Us
114
(',
4'.)',
102 ,
1I5.S
7S
1
I.-.s
10',
!IS
IK
rv,
0
10s
21
20,V
14S
01s
,'.?'
10SS
31S
70
IIS
2S
.rlS
1.1
MS
27". .
IDS
20
V)
100.S
4.1
134S
73
MS"
132
1S2
lS
2S',
7.V.
l.'i.'i
3 1
10',
11 "IS
I'SS
.V5
SOS
21s
h7S
38
iifs
117
23
I
30
"6
10','
21
200S
14S
03S
..
ICfi'j
:11s
70),
i.v;
2S
,'iS
4IIS
IIS
27fi
10S
20
.VIS
100,i
4.".
134','
73.'.
ftSij
132
1-2
13S
2S
70
l.V.
.',')
1 11' ,
1 13S
(-7S
102
22". Klcc Slnr 7I-..
32.' a ap iif.mi
2.-1 1 c x a :'.o3
11P.O Kpy T pf ."0
2270 I.l H Cor 20
2(KI l,eli Nn, 10
117 1.ph Val. .-n'i
SGS Pa Jl It. 48' i.
2.. Pan -A P HlPi
25 Pn Salt.. 81 'a
23 Phi la Co
cum pf. SO
1304 Phil i:ifp 20'.
-T. P &Wpf SO
235 P It T 1p 27
135 Ton Pel. 3-"1,
13(1 Ton Min. :t"
IM) fn Tmct :'.fl'i
Ull III,,, li'.l'l
10K0 V
10W
n
iiia",
JMI'd
."ill
ID7
70
r.s'4
17
noi
SI ';
30
2.VM
:w
201,
H
.!''.'
00
'i
tol 4- Vi
IlOli, '.
.-(I . .
in, V
70 H U
5ST4 -
48 ..
n0'',4-.'!ii
si i-i-nn
. .
211 . .
so . .
27
SH-:t4-
R HH.10K", 1021', 102'(...
.r & s 12
TRANSIT CERTIFICATES RISE
ON PHILADELPHIA EXCHANGE
42
Net
1 lire
HUth I,e I'leee
$2000 1-eh Vl
pond 6s
1023 ..IOM3 101's 101's..
200 Mb' Bond
lft 4... 05 10 05 10 05.10..
12000 3d 44 05.7 05.72 05 7S..V.
1KKI 2d 1'4 11500 01.72 04.72 4-.32
1100 Kill',- 01 s 04. IS !H.M)4.50
1000 Prima IV,
lemp ( ICi", !I5"'( '.I51, . .
2500 Phil Klii'
1st 5 !5fs 05Ts 0."..- Si
1000 York It.w
ls( 5s . SO SMI Sl (-2
COHON PRICES RALLY
AFTER EARLY DECLINE
First Sales 16 to 40 Points
Lower on Poor Cables.
Weather Favorable
Bacoptp Market Leaders and Advance to 27. Reflecting Big
Earnings for April Electric Continues Active t
Trader found rmniderablp Interest teidny in (Iip ncllon of llnnld Transit
trii.l fprllllcalPs. follonlntf a slow oppiilnx Iipii prlrr chniiEPs erp IripRiilar
on limited sales for virtuMI the pnllrp ls drnlt In on IIip Philadelphia Stock
Kxrhniifp. Xn Transit piTlllicalrs made their apppnriuipp In the nr( hour, but
hen they did roinf out thpy wprp PXcPptinnally ai'tixe nnd slroiiR. rrflrctlnR
the exppllent report on earnings for April, which was published in thp pnlumns
ypsterdny. More than 2300 certificates chanced hands during the session nnd
their price rosp as much os 7fc lo 27. ill whlrli thpy ended "the daj
Philadelphia Electric also bepitme iipIIip aflpr the Initial tradius and was
fallj steady at or close lo 20. .lesterday's closiiiR level, while in (he session for
home stocks was a gain of .T points for American Stores, which parried it
up to 24, acuinst 201i (he wppk before last. Hlt'ctrlc Stornge Ilatlery was
without rupport again and jlelded Vj. while l.akp Superior Corporation, on
a modeiate vnluine of (raillnc. Inst n. fraction. Tonnpah Issues were quiet,
Brlinonl shn'dltiK f-llfthtl). while .Minute iosp a 1 ri fir.
Chancps for otlier 'issues weio mixed. Pennsyhania , Railroad was In
demand at the start and adiauccd a llttlp, but later showed a decline, while
i.ciiiKii i aney scoreu a .iinsianiiai Rain ami nest ,ierry anil Weashorp was
uncliauced.
Strel pommon held sead on moderate sales, but Flaldwln I.oeomotivo
jielded rather widely.
In the bond division the niitslnndlnj; feature was the strength displayed btf
Liberty I.onn Issues. The Street was Interested In announcement that thrt
Eovprnmeifl had reiu'esed the Xew York Stoi k Kxchnnge (o prevent sales of
Victory notes until nfter formal request had been made to have them listed totf
tradiiiR in that market.
Extra Dividend by Pacific Mall
Xew Yorli. .Maj 21 The Pacific
Mail has dcc'a'ed the regular ipiiu
annual dividends of 50 cents and SI
extra on the common stock
June Hi to stock of record .Itine
BAR SILVER
('(itiimeriinl bar silver was nuntpd in
I New Yoik lodaj at SI Ol-, nn ounpp;
a decMnp of Jii In London, the price
nn, able ' " ' ' ' """' lm'iiedlatp nnd fnr-
iHijhiiip Hn ((.,PPy. comnareil ulil. rokj
jiMprdaj.
j Xew York, Maj 21. -TIip failure of
cables to ropnml fullj to ,eitenlny's
big alliance here led to considerable
leali.ing al the "tail of (he cotton mar
ket lodaj. and llrM prices in ronsn-
Leathers, Motors and Tractions Market Steady, Without Violent
in Good Form Steel and
Rails Neglected
New link. Mm 21 The New mk
I'm mug Sun'- Ii nn in i.il r ie I hi- nfl
i iiniin i a- fnlliiw- :
Tlmt Wall -tti'ct .i. iiither .'igrer
iihh -in priopil nt the tcniir nl the Pre-ul"iit'-
uie-sngp In "ms;i ' 'ind at tin'
ii.iluie nf -iiiiin nf Mr WiI-mii'- hi, mi
llieiullltliill'. wai. flll'thrl III i nlnili c ill
Inilltl 's -lm k mat ki't
'I'lii'ie nn- inn cii-i'il Inning puuer in
tin- imluMii.il li-t wilh tin' ml- Ink
nig the li'.nl and the li'iitln'i-. uiiitni-
Mllll llll'tlnll- III llli' lll'-l nf fn in Itilllll
Ilutili nml I'.in Anici ii an PpIioIpmiii
n pip bid up wilh -pint mid iiiinnr- wimp
he.nil nf n pn iliiliti nf tin' foimer in
ipiiimg iiiiilHil nf tin- hi Iter Inter
liiiiinigh Ciiii-nliiliiti il. i iiiiiiinui nml pie
fpind. IliiioklMi ll.ipnl Tinn-ii nml
Tlimi iim line f 1'iim.iiil
Tin- piumpli'd the niPiil.il i i n 1 1 1 1 r n
tn nhetliPi tin' piililii'iiin-" Men' iii.iiu
t.iUmg n II wi in tli"-p I up- -iuie Hie
iiii-linnulii' ii-iM ceiling nliing. the -.line
line la-l week u- - "'" -in e fill
I'eihaps lln- legend, ii J nini-c on Hie
prnn ipb' nf llnee lime- ami nut ' will
In. follni'i'il in tin- i.i-e. nllliiiiigh il
-lii.illil mil I" m pi looked that " line"
limes" i.flcn fail- to nlisntli the -uppli
nf In llll.l 11 gllllllillltl.
Trntling was in laige lolunie for the
fii-t houi in -i bin theieiifter il -lib
-uleif ninliniilh without nppiceiablj
inip.uriug tin' Ini-him nl positiiiii TIip
-Hid nml mil lit- weie l a lat'g''
extent iicglci led mid pnie chauge- were
rinliimit Mil' Ii II"' snnie "iild lie
Fluctuations Two New Is
sues Make Appearance
New " in I. Mii. 21 -Two new tniks
appeaiPil mi the Min.iil Stieel I'uili to
da .mil lintli nf ihi'ui weie tuideil in
mi .i lingo s.nK One wn- i;ti. Oil
Ci'iiiiiiii. wlui'li ranged from 7'.. to ,S"'S
Willi tinii-ai timi- of more tliHii VII.OIXI
-Iihip-. The other was (he New Kartell
''al ("ninpiiin. in which 5II.IIIHI shares
wpip liiidnl in nt fill t .v.' I,
Tin gi'ni'ial market wai. -lead with
"ill am Mnleiit Huctuiitinns, some is
-in- -bowing moderate dis lines and
nthi'i- iiiaking fnii- gnin
Intel Cniitinentnl Pplioleuni was a
Ul;,l feat -piling tloHii fiom fi
"' 2s'... , ,1,1,,. .,iPI v !,,,, wa;
tiinl-il in at 30i, t 3d m Swift In
iiiiitilmiiiil -old at lit) to 5S'.,.
lloii-ton wa- Hip IchiIpi- nf'the pctro
li'iiin group, minim iug iluring the fore
iiimn fiom 1L'!I to 133 Submarine
i mill, mm h wa- -tiling M, die la-l
nays, reaitul from 17 tn III The
tieni trading in I nn,., pmh
wnii'ii a it Mini eil fiom 2 I 1(
MpiM-ing nn' -leadi
Simild Tiip Kinged
5s 'a and New Ymk
t" 57 Wiighi
r'lu-s i Ohio . 1.0",
"In ,x Mton tif I OS
Chi HI Western . 10',
cat is w pt .. 3
Chi Mil & St P. . 4H,
Chi Mil & hi p pr. 72S
c c C & .St 1, . I7S
Chi X. .Nwrn . IOCS
Chl & Nwrn pf 132
("hi It I & Pao 30
i' 11 U P 7' pf n'
: it i . p 6"! pt. or,
chile Copper . . J3S
I'hlno Coppei 3s'
Cluet Peabody 73S
Colo Kuel & Iron. III.',
Col lias 4, P.lec JiOS
Consolidated Cas.lUt)
15
10.' i
101S
30.',
SIS
70
2 IS
1.0
l"i
10
44
0'
ibasli pf B IMS
West Man land . 13.', I.I',
WcBlcin Pacific U3S 23
Western Union T S', mi",
WeblliiRh A i U IMS
Westing K A M 5V j .MIS
Wheeling & I, K . IIS IIS
ltOSlOD ?, Wfleel ft I, Kr pf 2.1 22
tVliKe Motors ... 57', 5si,
Wllsun Jc Co .... S7 s7t
Wlll8-0eiland 33S -IS
Willjs-iner pf il,','.
Wool (K W) Co .13.1 1.11
Worthlngton P . 0s tsi,
2HS
MS
i (IS
21
37',
00
15
10',
11' ,
71
"0',
si ,
('.' i.
I2S
2.1
yj'i
55' a
10S
12S
2.)
tsS
55' i
10'j
87
3J'i
4I.S
53'..
10'JI,
S.V
i - 'i
15S
51
0'JS
"4S
02S 2S
,3 ,
!I7
.MS
IIS
II. "IS
SS
IIS
MS
55'..
.i In 51,
Pooiip
IS'., tn
fl .1
wn
Shai mg.
In 2'..
spiling at 12',
fioin 57 tn
Siuold sold at
Mat lm -old at
I1.S
.US
22 S
15 ,
43
70'j
3f;4
15S
IJ
Oil
I".
wa- hea,. falling from
IMM sTRIM.S
lll-
The
BAY STATE OIL & GAS CO.
A GIANT among
fh. In5,rln4nt on i'nmpanla vc,th s
rtcord of ear for nrndurllon and hl.o
tflyldend rate ratable quarterly.
We Own and Offer
100.000 MMRhS T i 00 I'F.R S.RF,
Morlor)-Rittenhouse-Alexander
rillLA villi K l'A(IHN(,C III.IXI.
40 Mali Strict. Naiv lnrk
U. S. LIBERTY BONDS
$50, $100, $1000
AMna Kxplnnni.,
A'm Hrlt Mf
Am Jtarrnu,
Xmrlrii Wriunj l'ap
Xlr Itnlui-lion
i anaOiuti i At i ,,
' en On (m pf.)
1 harrnal Iron
f'heirnl.t Mmnrs
' ramp
I'urtlf, rnplnr '.'.
I'aruen Ta.ii
i arbdn St,.!
Rmfr-nn r'hi'linsrjph
Hfnttex Mf?
l.Hk- Toip Hnal
l.hlsh I nl -al.,
Lima t.o, o
Maxim Muniimn,
Nai iii1Iik
N ShuihuiHin
.Noiih Am IMi, Pulp
'ilm Clv.itor
li!-h Moio,
roeiif Knt
occnT.
sni.n ami RrrnMirvn-.
TOR INVESTMENT
Ken burger, Henderson & beb
11IU I1IKTM'T STREET
(embers N, V. ami rhltu, Mori Elrhsnr,
I hrrlpps llfinth
S'nndii.l Mninr,
S'-el Alln, a
S'lhiiMrfiip
SMlfl IllMl
si to,, ph l.ail
toiM liinhullillnt
Iruiil Film
l I npl Prnrtl Pharln
I I s Siauifihlp
I I niKil Momrt
, Wf.rM rilm
w ruhi Mnrnn Air
Local Industrials Only
BENNER & COMPANY, Inc.
Wldenee Bulldlnn
Branches In Penn., Reading,
Lancaster, York, Allentown
FINN( I VI,
xnnual Xftlnra
iW
THE MT FOI Rill ANSI ,i.
KlpettnK of th- Contplhiilnrs ,,. thl
..,.! VtU 11,'STITI C I ..,nL. . ..V. '
DRKN will be held al ;h. lloin- Mlh and
Ilarka sis on srrondilar. Hfth Month
v,n. ibiui . I'
Ilia
ruiar mrnine or th- nard rt
i.QNiisrni:T s.c
3Unsare ano iruatea will hi. h'rl
4 n. nt .,. aixi ,i
ANSI l. MKKTIM1 III.' TTTi.
3Bf llahlea' llo.pllnl of l'hllailelpllla win
be held on .llenilar. Julia otli, at th I)ln,n
,ry Hulldlni, 3.11 Bouth Ninth Hirett. at 4
ti. m., for (lie election of ofrkara for tha an
aulp ear and for aueh other hualneta as
may properly coma hafore the meet n a.
VV1LMAM M HftADLET M D .
Raeratary
-mil nf tlie i niuiei- and enuipmi'iits
-hipping group was a hou-e diided
Mai iii inmiiinn was weak The pie
feiml I, ml -mm' -tinng memenl-. but
the mi iluiigi' in ll" first three hours
mi-slight AtlitntK (inlf. on lln-other
li.iml w,i- ilistiiutli strung, gaining
iiinie th.in t'no point-, nnd Ameriian
lineiiiaiioiial added iiuup than n point
In il- pli'lloll- i lo-iug '0VJ,'U
The ii'.i-mi fni -mil 11 line nf ' lenvnge
wa- nlnmii- I'limigh Nnbnd knows
wliether tin- Iiiipi national Meriantile
Mai ine will iiintitiiip in hiielnpst- "i imi
pnepl thosp who won't tell Nor can if
hi' known until ihc -toi'khnldets.t.ike
I ml ton nn llie -.lie nf Hie Iliitish uh
'-uluiiie- ships ii ii h will not lip until
.lime 111 Tin- situation leae (he com
nnin -lm k up in the "ir. as it were.
The picd'Hi'd has at least its 57 pel
ient in in iiiniiilntpil diMiiend- to antit i
pate and I he ll per i ent bonds are call
alilp at 110 in mix picnt Tlio-e bonds
inlMitiied to 1H51! with some friictiotinl
ll'lll linn liil'i
Kiiither weakness in the marines and
-lipping awa of the list as it whole
fni I in oil the afteniooii Hading. Half
or iimie of the gain- of those i-mes
which had been -tiutigest were urn
i eli-il Murine inmmnu sold below 17,
it loss of more than s points. Tin
heii selling had nil unsettling effect
I'lenwheie. and the bears wpip not
slow in taking advantage of it Kaelor
which ali-o plaied into their hands weie
unofficial report., thai the (.pi nnin .m '
pi'ninent had decnleil not in -tgn Hip i tioston Mmn
lieaty. and tli.it there wa- diMoutPiil ( ,,!0u;i"Ar0',York
within AIIips i ircles with the ppace i r P s A Jfrom-
nil a una
tei'llis (lolrlflrl.t Mrmr
lthnugh theie n s, ant sign ns et
that a real buing ninxetuenl lins.be
gun in the steel industr, tlie Iron Age,
Kid
in'.
;3n .
1 1,
,;'
e,t rlnf
Auk 'iMlel
II 11
s .X
!' .
i'
HJ
IX
Jl.ll
til
i lllin.ii
i Ohio
i Pra 1 1
8 li i ,
1 1
sTwrixnn
pip
IMIKI'KMIhM
Tvarnil Hi, j, i;,,
l oinmeimealth
1 1 nadpti i n
I F.Ik llaaln
, Pfdrrn u I
Inlr I'eliol
Hnuaton nil
I Merrill 1 1,1
MlipxfMi Iti-flnlns
I Mel Pflrni
Ohio Fn. l
ISapulpa Ri-f
Mlnelalr
I HM
13
Hill
ft
J',
Hi
nil.
.10"
SI
3ilS JSl
7n
SX
tin
a-I.'
as
.xn
311
7',
s
I-
hil
II
Ins
8
lrt
117
iiii
.113,
I'SS
7H1
ami
.17
'xr
01
is."
1)7"
40
12
70" j
fiOS
55
7IS
OS
15
24 j
; js
1 1 is
51".
3sS
24S
123',
50
35
t'3'i
7'1'j
30S
i SI
101
i is.
7IS
aim
fill.
STOCK K
..V
I I, !'.
!l 111
:i' av
.it', n
-'.. 1.1 A
Ml', .11 'j
sa IS",
.IS, a',
jo :.i
d
lenr,, k
S'.
'iS
MINIM! T(I( K-i
",
Annual Elecllona
(r-3 BKAIMMl I'OJII'ANY
3" I
(ioldllald Ciitili
(Joldn, Id Klorenc
Oohlflrld Kvb.inaa
Ur,1!! MonalrT
I facia Minim
n weighliiB the various repoit whiili iJ"i.J,;,;m?; i.,
l,u,o nnm,. tn It. I nilflllllPH Hint "pres I .'armnr "'
'sure is gathering to such an extent t lint
heav.i pun hosing cannot be long de
lajed "
exi'hnnge market was
Th
foieign
witli further but
l.enrrul (Ifllie, Keadlnr Terminal.
I'liiiiqaiptiii. May io, lino i
Notice la hareby ii,i thai tha annual!
.T.t!nn of atoeknoldera of Ttead na iAn,nu...
,o aileet nine Dlractora will taka place lft errulii
Koom s a... i,vs',iiiK isriiiinai ivrifih i ti .. ..i....
j'fTJ'ilark.t ! In the CRi of Phllidel. declines in sterling
tijiia.on Tueadajr. Jane S. 19IB. at twalv. ! to $ ft'Ji , nml tin
" By order of (he Hoard of Dlrartnrs. , to the dollar. Idle, howeier. dropped
JAT V IMnc He.ret.ry ',- p()lntK ,n S 17 lite to thp dollar.
'- f ''"' "'' " ' " K'nonuf ll ova llllVVIt Jt tll.illtA llllll till
", B 11 V..tl I """ "" ' 1 . .
ninTiii .'irrmnn
more mot'crulo
,inri(. the (...
other to 11.07 fraui'H
L.ii.i.r tiAiiirul pipIihim'ps ipi'Pilnl mliehtlx.
sMhMC:Vi,f,FhlVl'.nN. 7,,'J! There was little lo call for comment m
AVKM'K IIDII.niNd ANNOCIIATIHV il, ..,.,,,01. uitnnllnn Cull Iohoh were
hlj."tln"l?. ri. w'.1' !?..ltA V.?il-.-. ..., ... -. ,.. n ,. T, f.,.,,1.
UUUiril ni i is. ' I'v s.M. ,,,. ...... ..-
were uneliungcil.
Cotton was unsettled and a bit
?'&
Ilaljr XOin
at. a
VS'!a.i.HyUw,U
4 Ollt
Ajjz . '! ' 4 .r.
it. ana uirara a., icona noor. at
j. to te upon tbtj propciMtl urotndmenl
'4 jn ncaia'tt jr., rrcaiiaani.
j. H114.IW. 8rrtrT.,
heavy.
Jlru Hulter
Jumlm Kxtftxlon
McKlnUi Ddrrngh
Macmn i 'opper
Mother Iol
Mlni o of mprir
S'etaf1j Mill
NvaOa WurMtr
N'ipmiliii
Ohio Copper
Itttt flrrulfp
hun Tnv
Hteunrl
Tonopfili Ux if union
Lnlt(l 'rtf
i Km! t'on
Whit raps
riiigion
t?l
it''
37
I
il
ia .11
in
11
3.'
Bill.
S',
iis
in
A
i
.IS
1.1
iV
h
:u;
il'ii
31
las
3',
111!
S'
US
. I'nntliicnlal Can si
' Con In C.il M n 7.',
1 1 'on Insiiiance 70S
Coin Prod Hef . tr.'S Ii3
, Ti-X C.lipel (,..1
I CriiulblB S-ieei . , (i, 74;,
I Crucible Steel pf M 17
Cub. 1 Cane Sugar. ,k"iS 3..S
Cuba C.nip S pf . SJ 2'j
I'eerc ft Co pf (III
Drl.i A. Hudson HIS IMS
tvinei ft Itio lir s , s ,
I Den ft ItlD Cr pr. 11". Il"t
I Dome Mines . 15 1"
rui s s a pr 11
I i-.ih. Horn Coal . . 211'
'Kne IMS
I i:rle 1st pf 31 S
Krie 2(1 pf . . 22
Keil Mln ft Sm .. US
1 Ked M ft S pf ... 43 ,
I l-'lsher Bodv 77S
Klelier Bod pf 101S
(iaaton W ft- W. . .Wi
lien Chem'c.U lfl
. Heneral Cigar si',
(Jeneral Electrlo 11.3
Oeneral Motors .1S.V,
I Hen Motors pf . IK.'j
Oen Motors ,deb 1,0
' Oood ( B K) Co 72
Gr Northern pf IR'.
G N efs fora ore p JO
Gieene-Can Cop . 11.
.Gulf Mob ft No .. II
Gulf M ft X pf 35 .
I Gulf Slates S . . . 70 '
llartnian Corp . . 0
Haskell ft Barker 5?S
1 Illinois Cen 102 .
I Inspliatlon Cop . 34'
I Inter P pf Btpd . . 75.','
1 lnterborough Con. 5S
1 Inler Con pf . . . iOI,
I lnternat Agrlcul . 24
Int A itrlc pf . MS
inter llar new .1,12
Inter Mer Mar . . 4.S '
Inter Mei M pf.125', 12
Intel nut Xlckel . 2CS "
Internal Paper . . 50), ."
Iowa Central .. 0
Jewel Tea .... 3SS'
Kan Cit So . . . 24 S
Kan C 3 pf ... 57.1'j
Kell. Spring T . . 120S
Kelaej neei . . . oil
Kennecott Cop .. 34S
Ke stone T & R . 92S
Lack Steel ... . 7hS
Laclede Gas ... 71
Lake I! ft- V pf . . 23
Lee. Hub ft The . 31S
Lnlilgb Valley ... 5 S
Liggett & Mieis 210
Llg A Mers pr .U3S
Loose-Wiles Ills . 57
Lorlllaid P Co . .102
Mrtckav Cos . . i!)S
Manhattan Shirt 1 is.',
Maxwell Motors, 4.1',
Maxwell M 1st pf. 7iS
Maxwell M 2d pf L3',
Ma I'cpt Stores . HAS
Mexican Petrol .lsli4
M ami Copper . 27S
Mldsal Steel . 47.S
Minn & St L new . MS
M St P ft S S M 03
Mlaa Kan ft Tex. 10S
MIbs Kan ft T pf. . 23
Missouri Paclllo . 33'j
Missouri Pac pf . . 57
Nat Acme . -0
Nat Cloak ft Suit M
Nat Con ft Cable. 10S 13S IDS
Nat lin ft Stamp 021$ 03 IWJi
Nut. Knam ft S pf ir.3 10.' 102
Nat Lead 75 73)', 73' ,
Nat It f M d pr. flij 10 ni(
4.V.
.'.3
ll'.)',
S4'j
!S'cw York Bonds
I
S1I1, in
Jiooo
2 Amer Agr deb
12 Anglo Krencli
5 Am Kor Sec
Hljh
5s 107
5s 07 r,
is. !l!)1,
'),'
3IS
SIS
111 1
.s.S
IIS
its
l'l
30',
"lVi
12
7S',
,ib',
101 .
1S1?4
71S
DOS
1'iS
4 IS
70
.MS
71S
V,
21'i.
2.1'.
si
UO'j
40
1 22S
2h'i
50S
3HS
'.3 1
123S
.-!'
34' 3
').'
7S'i
31 's
5'J',
31'
is
71S
0fS
4'iS
US
51',
74S
r.
"..iS
24':
si
130'l
10
122' ,
21,',
51 S
12.1',
.VI
3J,
'ti'i
7V,
.(IS
2 Am Tel K Tel 5s 02
1 Am, Tel ft. Tel lis. 104 'a
I Ann Aihor Is . . 557s
0 Halt , O iw I'js 70
20 Hetli Steel 5s ";',(! ,s.-,7
1 ("an (!rn 5s "Jl . . isi.,
I do 102(1 !isi,"
20 do 1!l."!l .... !I77S
1 ("cut It It X .1 5-. 1(12
10 Chile lis 'in
1 Chili Copper 7s. lis
2 C ft (I ioiiv 5s. . li
20C II ft 1 1 Is . . f)5S.
10 i'o III 4s . si
5 Chi lud ft. AV 4 (15
7 f M A. S P ,w 5s SO
I ( It I ft. 1'rfd l. 75
1 Col Industrial 5s 70
I Col & South Is S7's
4."! Citj of Paris (I- . !isiM
1 Cp Tb Hpc Co (Is S31,
2 Con (las 1 v lis. K131,
I Cumberland T 5s 04
1 Krie cv 4s Ser A 50",
1 Krie 1 v 4s Ser 15 50 1,
5 Krir cv 4i- Ser i r,ij
00 ln(erb Me( P..-- fist
135 Inter M .M (is. i,i.-,n,
13 Inter Agr 5- . S"t,
2 K (' Kt SftM U 70
(11 J.at ka Stl 5 '50 02
1 I.k Hh 4s 1!I31. S7S
572 I. il Horn! .'IL.s. Oil (id
H, do com- 4s
1042 do -llis .
.'15 do 1st 4'4s
S20 do 2d 4i,s
17(15 do 4th -4'is
12 .Midvale 5s . s
S Mo I'hp gen Is. li.",
,T2 X Y C ft. II (is. Km
5 do 4L,f. S",
107
07,'
no"',
02
mi's
S7
3JS
132
(sj
5 0
107
07
0!li,
02
and Japanese intetpsts wpip buyers of
cotton.
r.xcppl for n few spattered showers
in the south Atlantic states, the weather
was considered generall favorable.
Increased commission house support
deieloping soon after the start, ran I
piices up sharply, and (lie market acted I
firm nt oni, about tl points net decline. I
The Uppnrtmenl ni Agriciiltuie nil I
iiouiiped todny it would have a report ,
on (lie condition of cotton ns nf May I
25. on Mondti. .lime 2. nl 11 a. 111.
j The receipts nt the ports for the day
aip I'ntimntcil at 18,000 bales, ag.iinsl ,
llLO'S bales a week ago; 7540 bales a '
car ago and 51S7 bales (wo ears ago. 1
Tee To.a 11 (10 I 3d '.' 30
loe open a in p 111
UNITED STATES
GOVERNMENT
LIBERTY LOAN BONDS
Rate
3,.
4 ,
4 ,
Callable
.. 1932 .
,. 1922 .
,. 1932 .
.. 1927 .
1932
4tf 1927
tViV"
q.
4?J
1933
1922
Dun
.1947
.1923
.1947
.1942
.1947
.1942
.1928
.1938
.1923
ISO, $100. JE00 AND $1000 DENOMINATIONS
FULL
INFORMATION REGARDING TAX FEATURES OF
LIBERTY LOAN SECURITIES WILL BE FURNISHED
UPON REQUEST
THI
MONTGOMERY & CO.
133 SOUTH 4TH STREET
PHILADELPHIA
14 WALL STREET
NEW YORK
IIKMDEIIS OK THE NEW IJIRK AMI I'll I I.A D IW.I'II I STOCK K.CIIANGES
GOVERNMENT SEt'l III TIES lll.l'ARTMENT
TE1.EIMIONLS. HELL. I.OMIIMtl) 43JO; KEVsrONE. .MAIN" S3
.Ma
.luh
,,,,, 1 .-tpiFnintr
" , nctohrr
S'
S.-,a,
!)S1
OS',"
!7-,
102
on
n
in
Ts 55"j( ( lieceinlirr
II."
S4
Cs"l
"si I
'
70
S.-.S,
!ISLj
OSI,
07",
102
no
11s
01
05'i
SI
05
SO
75
311 l. 311 117 .in 11; 311 11; .111 117
JS 711 I", il'j ai ."il 2n .11 27 112
2H O'l i;7 S3 27 sit 27 SI -J7 jj T
27 3S.27 3S 27 3S 27 'IS 27 3S
ST.40 27 III 27 III 27 IIS 27 IIS
27 WI 27 311 27 311 27 ,1(1 27 an
2H 37 2 37 2d P3 23 DA 2H 77
70
S7
ns
.S3",
103l4
01
501
7(1
7's
OS
M
1031,
04
501,
50L,
54 t
101's
S2(H
7o
02
S7S
00 50 00.(5(1
04..-.I! 01.31 !I4.50
05 stl J).-, 70 ),-, 7(
05 7(1 05.70 05.7(1
Oi.Mi 01 72 01 Ml
. 04 Oil !)4.s-() IH.imj
lanual v
Prbruirl
Marrn .
I MONEY-LENDING RATES
I NEW VORK.--.M011PJ on call, mixed
iiollateral. opened (odd nt (I per tent
'for lending and renewing. On nil in
Idustrial collateral the opening rate was
ll'ii per cent.
Time money, prime hank ntceptanpps.
mercantile paper and call loans 011 prime
hank acceptances were unchanged.
I llusiticss in all departments was icrj
1 moderate.
NEW YORK
BOSTON
PHILADELPHIA
BUFFALO
PITTSBURGH
CLEVELAND
CINCINNATI
ERNST & ERNST
AUDITS and SYSTEMS
TAX SERVICE
WASHINGTON
MUNSEY BUILDING '
CHICAGO
MINNEAPOLIS
ST. LOUIS
DETROIT
TOLEDO
DALLAS
HOUSTON
PHILADELPHIA
2023-2024 LAND TITLE BLDG.
okfici:
Telephone
PHILAHKU'lUA Call,
cent: time, rifiili per cent
clal paper, tlirc" to. six
,"i2 per cent; six mouths. t per cent
j', per
commer-
i
105
N2'i
70
02
S7'S
101 j 1 i.
12'.
netlilhni 7a
CoinVu Oil Ha
t'o.ilen I UAi
( inlnliy ."a
Ru.llan Oov Mia
Rua.lan Onv H'a a
Fouthern Railway 3a
I1IIM1S
in
1
1.1
.11
3
3
i"i
211
T
3d
(Id
42
12',
32
3
tiij'4 111.",
M AT
i n7
ins!, ins",
43 III
H4 at
nn', nnu
mnrisir uu n. . ...... I. luus lln
T044 Hhlpbullijlpi fia.v,.,,l0, lot
IK
16
Uf.',
I.V,
71
31
J7S
1S4S
27'
4S'
US
10S
.3 ,
.3S
57ij
37
US'
-4-4.
70'.
34
(15
IM
27
47',
14h
9S
2.0,
.'2S
COS
35S'
iis,
44',
7"S
.it
00 I
IM', I
2Ui ,
17' I
US
!'.
23S
ir.s
30',
i'l'j
ui
102
-31,
OS
17.',
3'iS
im!,
si
2 X Y C.v 4i,s 00
1 X Y X H ft. II
cv 3,s . . .
1 X Y Uy is. .
10 do is
2 XY AVC&H ..s
4 Xorf ft West 4s
1 Xor l'.ic 3s....
UOic Short 1, Is .
4 Ore ft. Wit ft N Is
2:: I'll 5s OS.. .
10 Pierce Oil 1020 I33
50 do 1021 110
122 Sim lair Oil 7s loo
5 St 1. ft.SK in w i ll!l'
20 South Pac cv Is. V!
21 do cv 5s .
2 Texas Co fis
1)7
W'i
127,
11 '.j
50
S2'..,
001,"
S2
7s
JI5S
,SM
o';
noi,
v.
H7
40),
42S
14l2
50
,S2 ' .j
00',"
S2
77'"',
37 Thini
5(1 r
1 r
i r
1; 1
A adj
8 Ilubber
S Ilubber
K of O B ft
I -i.'.s 1021
K of (1 II ft
I BVs 1037
133
lorn
100
. lns lllsis lOSa,
. .10.. 103 103
5s :ii 1.., 33 :; 1 1 a
5s Mi's. SO ,S!H(,
7s 1031, torji, 103S,
00 ' no
no', no'a
Nov Con Cop ... 17S Uii 17S
New Or T & M . . 35 '.Wi 35S
N Y Air Hiake. ,.11'JJf 1I0S U0S
N Y Central .... MIS c.'Ji 81
N Y Clll 4: St li.
N Y Dock
N v Pock pf . . .
N Y N H ft H...
N Y Unt & Wes . 23). 23S' 23 23
Norfolk Southern. 15 10 ISS 11)
Nor & Western ,11H( 111). UO). 110.',
DIVIDENDS DECLARED
McKlnl ParrnEh ,saai.- Mine, i-om-1
iian quaaVtarly of It pr rnt paiable Julv 1
In Block of Tscnrtl June 7 '
houth Pnn Utl l'ompan quarlerlv of
I", a ahare, ratable Juna 3t) iu atock of
rnord June 12
Atlas Powder rompan, quarterly of 3
Pr cent on romtnon, pasable June 10 lu
aloik of record Mav It
LONUOX -Money is quoted nt ,TS
50t jier cent: discount i.ites, slioit nnd three
,41, month, bills. .;,, per cent.
S3.
FOREIGN EXCHANGE
Xew Yorli, Mav 21. After the early
dealings." the foreign exchange market
rontiuiied extremely erratic and quota
I lions shifted coiisinntf .
As nn illustiation, demand sterliug J
nt thp nutspl had Iippii quotpil ns high
as 4.051, and cables at 4.(14'4 and
laler declined to 4.021- for demand and
I.OIl'j for 1 aides
(jiintutlons werp:
I Demand sterling 4.03. pobjes I.ih
Krauc cables 0.5s. cherkR 0 00.
1 Lire calilcn S 3(5. 1 hecks, 8.37
1 Swish cables 5 07, rberki 5.10
! liuilder cables 30T,. checks 30&.
Pesetas cables 20.12. checks 20.05.
Stockholm cables 25.30, checks 25'.10.
Ch'rlstiania cables 25, checks 24. So.
Copenhagen cables 23.00, cheek.
1 23 70.
Ilelgium Cables. 0.(.i, checks 11.117.
I Ituble notes 11. SOffi 11.70.
Tlie foreign exchange mnrket is mid-
afternoon was lower all around and dp-
iplines from the earlier ligurrs occurred
as 10 points in lire and 5 points in
francs.
. Demand sterling was quoted at
,4.02'm. cables 4.03 Krone tallies at
' 0.(13. clipcks 0.05 Lire tables ut N.4I1,
I ,.iii.,.l.a K.IK. Pesetas cables nt 20.1.'!
dieiks 20.0(1,, Chnnges in the rest of
the market were less, important.
BANK CLEARINGS
Rank elenrlnea today mm nam with cor-
1 "'' "",,,'," ',5,5 T
I Phils "' ll'i.2T(l I72.hja Mi t.'i(l.i1h,7rix
I Roilon . 72.H3I.150- HI4II4 17H 111 3Ih:4hs
I V York KT4.STrt.liH7 IH1.71 M8 1118.211 71.1
1 j, Alia. imi i "'it .") o. .110. al,.
Locust 2631.
We announce the opening of a
Washington Office, located in rooms
91546-17 Munsey Building, for the
purposeof facilitating the handling
of all Federal Tax matters 'referred
to any of our offices by our clients.
ERNST & ERNST
so
ii::
1011
S5
07
401',
42',
14L.
50
R2 ' t.
Hill,"
S2
15-1,
133
110
Km
i;o,
,S3'"
00',
no's
!iiiiiiiiiiiiiiiiiiiiiiiitiiiitiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiirj
1 UNITED STATES GOVERNMENT
E Liberty Loans
ALL ISSUES
BOUGHT AND SOLD ON COMMISSION AT
I CURRENT MARKET PRICES
I West & So. S
I BANKERS
E 1417 CHESTNUT STREET
itamhrra 1 -New ork Nluik liirliuntr S
j. Jienioer. i-j,1cIcail,lu slmk bxtluuue
niiiiliiiiiiiiiiiiiliiiiiiiiiiliiiiilliiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiim
'.. ..'.'. ' I Alss Tiuhher Companj quarlerh of ll .vi
3llj 3.'lj 3,'lj 3."i paaM. Jon. 13 lo .tosk of r"oM Mav 31
30". Dlj 313i 'M i.,l1n,,t"',r,r.rr, ?S"l?,l Pn'""nv quarl.rlV
50 51 51 M ?C V ?er, "".' on l',rf:iTeii pajabla July
. , ,. I ''I '" 'oek of reirml Mav 21
.MS .'OU JJ i-2'i 1 I'uban-Am.rlean Sugar Cnnipan, nuar
23). L'.'Ui' 23 3 ' !l "f SH. per cent on ininmon anil r
llalllmore
NEW YORK COFFEE MARKET
New Yorli, Mn 21, At the s.tort
today, the mnrket for coffoo futures wan
quiet and steady with first prices 1 to
3 points higher. Karly trnnsartlonb
wer conllued lo December and March
deliveries.
Yeaterdai'a
52S'
Noitb American . S5S
Nortbein 1'acltlo. '.1,1,
Nova Sco 3 & L . r
Ohio Cities Uii
Ohio fuel Sup .
Ontario Mining
Okla I'rod & ft
Owens Hot Mac
Paclno Mall ....
Pao Tel ft Tel . .
$! Am l't T. V2lt
1 ner enl
lu stork nf rrcor4 June in
Montanx I'owcr conipau
li7i
I.S
fill,'
US 12
57S' 67J1
30 31)
2(j 26'f
V2ii 1)7
..
l.S
07 S
521.
' bS
US
50
is).
204.
wis
.1,1
I OS
I.I',
52S
ir
L
r'6S
mi
.1 . 1 1 s . .
prererren naiabe Jun I .,.:'.. ,!,.., .
quarlrrl, of .. I 'M,m"
per rent nn ori.
lock of rei-onl
close
IK MIS
IK AS
is on
17 17
Toda
CPU
jday a
Junius
I S U.I
tS .IN
is on
17 SH
I pir cent on tommon anil !,
i fpried Duiable juy l t,, aiu ,.t .....:-., K. m.i .. ei .
June H ."iu i D6W UQiavvaio uiiairiBrBl
i mRxsax$!r&- assiVjur,' inVJAss Voy' M""r .,-Tic"rr,"r, rre
of lecord Juna 24 " "' l0 "uck np( tn(aj. ns follows: .Mexican Inter-
- Inafinnal I'etroleuiii Coi'iiorntion . nn.
Ihorlzrd capital, $0,000,000, to mine and.
bore for petroleum, natural gas, etc. ;
Revenue Oil Corporation, .authorized
capital, ?1 ,000,000, to acquire oil and
CHICAGO BUTTER AND EGGS
May 21 HITTKR Ilee.lnla.
8'"2J': sWM-.A-lt.i nr.i.:
linas HaretDta. Sl.flil ..VJ. ..,...,..
n.rat., .8'., 4nei erdlnsrr flritiT'lisu 4
ChlratO:
TTIIII tuna.
BJVj WMVtei .eeond., BJ MUe
lioas HeeHpts, is.ffi eaVts.
We own and offer a carefully selected list of
Long-Term Railroad Bonds
to yield 5.20 to 6.70.
Send for Circular
WALTER SHEPPERD
Correspondent
KOUNTZE BROTHERS
1406 Widener Building
PHILADELPHIA
Brll r!nion ira-ul 023.
Keiloti e 2H.
.-ej
airEif,. .,-, vinri nruinar
mltHaeu, 4294e.
r , "syi -1
an laua and M, develop same.
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