w
i
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J '4
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l2
EVENING PUBLIC LEIXtEK PHILADELPHIA, FRIDAY, JKtAY 23, 1010
FINANCIAL NEWS GLOBING NEVA YORK AND PHILADELPHIA STOCK QUOTATIONS
Wryog
&'
,'Midvale Steel 5's
Conrertible
Dne March 1. 1936
Company's income after
taxes last year 11 times
( interest requirements. Lib
eral oinVinrr fund Iirovision.
I""-" D r
. .These and other items of
interest in Circular to be
had on request for PE-226.
Price toyield about 6.05
MatkmalGty
Company
CorrMsose'rnf OBUt Cities
Pkil.J.lpVia 1421 Cktihut St.
Tslephene-"-840O locust
STEEL RETURNS TO FRONT
POSITION IN NEW YORK MART
:$z
Large Croud of Brokers Buy That Issue. Forcing Wide Gain.
High-Priced Rails Attract Attention
High Points in Todays Financial News
New York stock market was Rcncrally stiong under the leader
ship of steel and high-priced rails. Oils continued prominent on the
cuib. Undertone of corn market was heavy. Cotton showed irregu
larity and was active. Foreign exchange showed strength for first time
in a week. Judge E. H. Gary made an optimistic address to Steel In
stitute in New York and phophesized the adoption of a league of nations
to assure peace. Bar silver advanced slightjy.
NEW YORK STOCK SALES
Adams Kxnrcmi
Advance Ilumely
Max rtubber . . .
Alaska G Mints
Alaska Junecm
Allls-Chnl Mfc
Last
close
High
:.s fit
314' 33
St.Jj Ml'i
3i :uj
ta
AUIs Chal Slf(- pr! oJ'
AVi
01
81
Mi
Zoli
lli'.'ij ...
.102 lO.'.',
. Ol.'f CO'
. 13.'; i:)
. 07 101
. :i3'i yt
.120; j 12:
l!i?
It?
The Scientific
Investment of Funds
There is a wide dif
ference in the yield
of many equally
i well secured invest-
J ments. Over a pc-
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.
Correspondence invited.
Hemphill, Noyes & Co.
Members Sew York Stock Exchange
Franklin Bank Bldg., Phila.
New York Scranton
New York. Mny 2.1. t'nitc-d StntM Steel resumed its position of market
leadership in the trailing totlnj. when it wns stenilily boticht tin a large sonle
nml Rnined ns much ns A points, spiling nt 107, the highest price touched
since the April dividend was tleclnietl nml in fnrt n new high price for the
tenr. crossing the previous high of 101'j miide on Mn 15.
The crowd of broken s, trading in this market lender, was the largest
that has been seen on the floor in some time and included man who had
taken a bear position on the stock nutl had become nervous ocr their short
accounts.
While the upward movements were in progress rumois were circulated
about how the stock would go today and the. objective points wliieh is ex
petted til be reached on this movement.
There were innii) variable movements in other issues, -with importance
attached to the growing demand for high-priced railroad stocks which was
lcffccted in advances of 1 point or more in neaily nil those issues, with most
mtcipst nttuihed to the trading in Atchison, which made the greatest gain
on this mm cnieut
The minor steels were iiregulai, Baldwin making a'gain of 1 point when
the directors' meeting wns held, but after thev adjourned without action
on n common dividend the stock dropped 12 points to !l!Ps Itethlehem
Sleel "H" became active and strong ami showed n gain of - points, selling
above 7s.
Crucible nlo made a gain of 2 points, dossing Til.
Dc.iliugs in bonds were again on n large stale, with most inteiest
Kintinuing to be toncentrnted in the trailing in the J.ib'Ttv issues. Those
bonds, while in tontinuetl vigorous tlemaud. jieldeil motler.iteh , meeting
some supplv which had been out at limits reatliPtl mi the long-continued
adaiKe.
Am Agrlcul Cliem'.iasjJ 111
Am lleet Siin 7.,"
a..- ti . .." fi
"in uu&cn Max.
A'li Can
Am Can pf ,,,,
Am Car & ruy
Am r tton oil
Am Drue Snjdl
Am i:press ..
Am Hide & Uj
j .im it & Ij Pt .,
'"" 1C0 C'SW
Pr -Vi
Am International. V0H
Am Linseed (,;
Am Linseed pf ., 941
Am Locomotie .. Myt
Am Loco pf if7
Am Maltlns '!,
" ic ist pro of d
Am Smelt & rtef
ssn pf..,
Am steel I'drles
Am Sugar Kef .
Am Suma Tob .
Am Tel & Tel .
Low
r.s),
:ut
sr!5
3J
VI
114
3.00
p.m.
00
32
an
Vi
42h
lit
ios;; nn'j
tVH
81
5
101'i 10JH
541 1 Cli
13' H'
12Q5J 12.
G5!i fl'J-a '?
72 71 71,
2i't0'4 l'2
u m'i o.i'i
n. o" "3
! iO'.i 'Jl
3' j
2,1
'Ki
10s
it.,
7S"s
107!
.h" '
107 107
.vll'j .lti'
.131 if 132). 131 Wl'
.lOG'Urb 10C" W ,
. 105Jt 100 1C.V I0f) ,
s.l
Investment
Suggestions
We lmvo lust Drepared a circular
I listing- 92 attractive bond offerings,
including:
37 Municipals
14 Railroads
18 Public Utilities
5 Industrials
8 Foreign
10 Short Term
The rale, maturity, price tnd yield
of these bonds are indicated as
well as their tax-exempt features.
Many of the bonds are legal in
vestments for Saitngs Banks and
Trust Funds.
fiend for a coinpHmeiilar! copy
0 this circular, o. I.-S1.
A. B. Leach & Co., Inc.
115 South Fourth Street
ANACONDA
The scope of activity of the
Anaconda Copper Mining
Company and its various cor
related enterprises discussed
in the current issue of our
Market Review.
Sent on request tor L-3S9
HUGHES & DIER
rhtla. Slock ExchantT
Members cblcaro Board of Tmdo
1435 Walnut St.
rhlladetphU
w Yorlt Office. CO Broad Street
BROADENING OF TRADE
IN SECURITY MARKET)
List Displays Better Tone.
Fluctuations Orderly and Mod
erate Steel Shares Strong
LEADERSHIP OF OILS
Am Tobacco ....20J 20S); 20ih 20V i
Am Tob pf new .100 100 103 100
Am Woolen S3U hllU 8t c
Am Woolen pf ...lOUs 101h 101'S IOUj
Am Writ 1 pf .. a:, 15 44i 41S
m iinc L & s.. lb1 J
Am Z L & s pf . ,-,o 10', 40' i
Anaconda Copper. 07'k GS'i 07i
Assels Itcnllsi . n r, li
Ako rry Goods . .(S :,1 18'
Ano D C, 1st pf , 70,1; 7!) 7')
Absociated OH ... 1i oo "0
Atch Top & S V . WVi .l'4 UO'j
AtLh T S. H V pf . . (,7 S7 S7
Atl Coust Line ..lOi'S 101 1'3'j
Atl Gulf & vv 1..10J'.j lfiOi lnl
Baldwin Loco ...lOi.W 1018 ')
Baltlmoro & Ohio. Ct9i 4"i45 .r)'
U.ilto & Ohio pf. ,17'j oS fiS
Barrett Co 131, 137 1304
Batopllas Jllnlns. lt 2 2
Beth S CIjss B. .. 70 7'1 7(iJi
Beth Steel 8 pf.lll'j 11J 1)1
LOST OR STOLEN
$5,000.00
American Railways
t National Properties
t 46 Bonds
No. M 1759 $1,000 00
No. M 1760 $1,000.00
No. Jt. 3447 $1,000 00
No 51. D339 $1,000.00
Nov M B342 $1,000.00
Any bank. banKer or Individual comlnc
Into poli"i oC 'heat bonrta will rlraae
... . Imm.ftliillv with thn linripr
W" cu ..w-.u -
L arnad.
hf. Utilities Service Corporation
S, Land Title Building;
!? 'PlitlntlrlnhlA
W,
i tltwmmm n '
k
yi
w
M
Itr
s
- r
Ph'
Bond Salesmen
Banking house, with estab
lished reputation, has de-
' strable opportunity for
awleimen. Experience pref
erable, but not essential.
E B 313, Ledger Office
New YoiIj, May 2.".. The Now York
HveninR Sun's finnnnnl rf"iow this
afternoon is ns follows:
Trntlinc broatlenotl out totlay ami, on
tlie nliolo, the list displn.v od 11 bettor
tone tlinn yostertlaj. Denlincs wore on
about the vnmo scale as recently, hold
ing around the inillion-hnrp m.nk.
Fluctuations ncre orderly antl motl-
erate. althoURh hero nntl there pool
manipulation were dNtertiible antl a few
miscellaneous issues swung over u wide
ranee
New developments of maiketwise
bearing tere scarce. Kfforth made Yes
terday by the professional element to
bring about a reaction ere apparently
gnen tip. It was again found that in
the absent e of unfavorable news the
lint of least lesii-tautc for stocks vtas
still upward.
The steel shales came into greatei
prominence by reason of hopeful trail"
reports, and the proniulgition of .Intlgt
(inrj's statements made today at the
meeting of the American Iron and Steel
Institute. This authority repented what
he lias said before, namelj . that thtve
is a large and fairly piotitable business
ahead for the steel industry, and added
that business in the six months ha.s
been better than was expected.
Lnitect htates hteel was bought hfav
ilv at the opening and by midilaj had
climbed to around 104. Other" steel
shares were also strong. If Wall street
guesses correctly, there is a ery big
short inteiest in Steel common, and it
is hoping to see these sborts run in
Less concern was manifested b
traders 1 expecting pioceetlings nt the
peace table. The upmiliatory attitude
shown was thought to foienhatlow
smooth sailing.
Money market touditions. whi(hhae
been the cause of some apprehension,
were not disturbing. Call loans were
made as low as 41 per cent, and it 1
probable that rates will hold close to
present levels. There has been n heavy
flow of money to this center from in
terior banks, assuiing a plentiful sp.
plr.
The best prices of the day were made
in the last hour under the leadership of
I'nitetl States Steel. Chandler Motor
soltl up S points. Pittsburgh Coal gain
ed 2 points and Itethlehem Steel, H, 2
points. Demand for chemical stocks was
heavy. Virginia-Carolina leading with
I an athancc of more than 4 points.
A btriking example of the case with
I which pew stock issues are disposed of
1 nowadays, especially oil shares, was the
rapid absorption of Simian Oil's 1,000,
000 shares, which were ten times oer
subsciibcd. Ilaldwin Locomotive di
rectors met totlay, but no action wns
taken on common stock dividends. The
stock did not reflect any disappoint
ment. I'ool demonstrations were more fre
quent than in the last few days, and
new high prices for the year wore re
corded by a number of stocks, including
Westinghouse. National Lead, Ohio
Cities Gas and American Woolen. Ex
press stocks were featured again in the
belief that these companies will be per
mitted to make higher charges for serv
ice. In the case of I'nited States Ex
press, the liquidating value of its real
estate holdings has been responsible for
its strength.
Entire Croup Active and Some
Good Gains Are Made Na
tional Aniline Strong
Booth l'lslierles
Brljn IM i;iec .
.Brook IS 'I ran . . .
B 11 T cfs of clep,
Brook Union Gas.
Brown Shoe
Biuns T & n sec,
Butterlck Co ....
Butte Cop &, Zinc
Butte & Superior .
Caddo Cent
Cul Inciting ....
Cal Petroleum ...
Cul Pet pf
Canadian Paoldo
Calumet & Arte ,
Case (J I) Co pf.ICO
L'4
.o;i
His
'.'0
ill!.
hj
0J
10
-7'S
Vi
4S
Oli
:hh
so
ma ire.1, ice
r,2ii
J7
01;
VVi
20 i
13".
io' j
.12s.
70'
INV4'
Jl'i
S7
02
12t
Jl'i
4bi
fjC,
:i2
Central IMy
Central Vdy pf .,
Central Leather
Cell Leather pf
Cerro tie Pasco C
Cert-Teetl Prod .
Chandler Motor .
dies . Ohio . .
Chi & Alton pf
Chi Gt Western .
CM1 Mil & St P.
Chi Mil S. St T pf.
New Yorli. Mny 2.'! The most im
portant feature of the Hading on the
Rroad Street Curb todaj was the pres
sure against Sholan Oil, wiheh. on sales
of about l.T.QOO shaies, langed fiom
it1 j to riP. This oomp.inj icprcsents
the merger of Sinclair Oil and Sinclair
Gulf Tlieie was a good demand for
I.'rtel (hi. which was trailed in nt S1,,
toS'...
Houston Oil was stioug with only ,1
small amount traded in, the stock ad
vancing from ISO to 140. The rights
were tintled in ."''i to Ci ' i . Conolidat
od ('ignis were fanly stoadv with sales
I 111 ti-Ji.. to fit.
Savold Tire issues weie firm. New
ork Savold selling nt 7 to 50 and
Savold Tire at 5S to ,17
The heaviest trading was m 1 njted Continental Can
Prnfit Kl,,-inn. Jfimiii ti.. ..i : Con In lal Mtn
hands nt 1! 9-10 to ",. National Aniline
wns one of the strongest featuies, sell
ing at HO to 40. Intercontinental Kub
ber soltl at 20 '4 to 2S-V
There was little feature to the vv.ir
order group'. Aetna I'xplosivos veiling
at KfiffjlOn and Submarine Itoat at
It! to ID'... Marconi of America sold
nt ."ii..
Plulip Morns ,afed from 12 ,0 Horn CoV,
11'... ( lialmeis Moto wns nttne. j-,e
with sales nt JM, to 10 Nipissing s()ld , nrle Ist'p't'..'!
at 12's to 12' 1 . Lrte 2d pf ...
Keututkv Petioleum wa- 111 cnotl tie- l'"1 M &. S pt
21'i
4S?
111
111
4T
14
ino.'t
t.o
lu
10:,
4.Vj
Oj
22);
-To ' "
J2
"14s.
43!i
1S1
iV
l."
10.' 1
40
m
tb!i
ai'i
19' 4
OS.
l'S
r.i
70
00
07-i
S7
n:'i
104
100' 1
r.4?i
r.8
i:i7
70
1113
.a1.
'20J1
25
S74
02
ia4
21'j
AWi
ro
:i2
704
ico
22' 3
40
DISS
I. at
cloia
People's Gas CliI , fi.1
Pero Marntiifette , 228
Pere M prior pf. . 02K
rcorU & L'astern. lij
Philadelphia Co . 40!
Plerco-Arrow .... SOU
Plerce-Arrow pf. .107.'(
Plerco Oil 20'
Pitts Coal 57.' i
Pitts Coal pf . . . SO
Pitts & West Va. 37'i
Pitts . W Va pf . SI
Pond Creek Coal.
Pi essed S Car . . .
Pullman Co
Punu A Sugar .,
Ry Steel Spring- ,
itay Cons Cop ...
Reading
Rep Iron & Steel.
3 00
It lull Low p.m.
C55( C3 C5!J
S.IJi V2!f 2 J
02W ran 02.U
ll'i ll'i IH4'
AH Auli 41
51!i 50,'i 01
2(;,' ' 2(1' ' VcM
mt C8W 50.'4'
3SH 'iiV.t "37,
ivi "mi "ihi
17
70b
12S'i 128J-J I28H I28's
55 50 54' 1 5l't
i9 h S0J S'Jn
21!,' aijj 214 21'j
b'li f8,'i S7H 8SJ4
SO.'f SR'i SO &R5i
Roy D Am shares.llB'. 118'.' 117K 117'i
lloyD.N yBharesll7S 118H 117 117
St L-San Fran .. 22JJ 23M 22J4 i'fl
St L Sm pf ... 36), 30 30 30
Saon Motor .... 0'i Uj 0'i U'j
Scaboaid Air L,.. 0 10 10 10
1 rtl A U pf. 20.'4' 20'r 20!i 20J4
Scars n & Co . . .20S.'j . .
Shattuclt-Arlz . . 14 .
Sinclair O Ref ... 0C!f 07'i OCJi CC.'i
Sloss-Sheft S & I. r,I 01S 02)5 04,'j
Southern I'aclflo .IPS 10'J'j lOJj lOSJi
Southern Ilivy .. 31 3lt 31'i 3I'i
Southern Rwy pf. 00Ji
Standard Milling. 135
Stan .villllnR pf. . . 00
Stromberg Carb . 40! i
Stuclobaker Co ... S'2'i
Stutz Motor C7'i
Superior Steel .. 44s'
Tenn Con & riiem 1 iu
I Texas Co o;r
Tevas & Pacific . 40
20'J
s,'i
40'.-
84I
5!)'i
40
14'i
277' i
Kit
20Jj
b'J-'i
40 ,
57 a
41S4
14.
40JJ
JH
40
14:.'
4'J
20! i
fc!)
I'M
20,',
b'J.'i
Third Avenue
j i oliacco Prod .
j Transue & Will
Twin Cllv It T
I fnlon 11 & i
! Union Pacific! .
Colon PaclOo pf
Cnltctl Alloy s
Un Cigar Stores
I nltcd Drug .
United Kruti ..
Cn Rvs Invest . .
U S Cast IP & F.
c . Lvptess .
C S Pood lrod
u h Ind Alcohol .151i 150)j 15.3H 150JJ
ci a itcally & Im. 42Js 41H J.t 43
U S Rubber .... tiTJf "Vi U7!i lb
L S Rub Ist pf lit
V S Smelt it Ac M. 70'i 705 0Sst Cbs4
U S S 11& M pf.. 4UJJ
lT f Steel 10'.' 107 103!.' ICC','
.115's ll.Vi lllVj lr,H
4.1i 44
4i'i 4-iJi
10S ISO
05;J r.li
15 1".
10! 10' 1
45'j 45 i
'I 71
.48 48.'4 4S 4b)f
.80'
.ihi'i i:!i i:n'i iHojj
. 7'1 73!t 7.1'. 7'H4
. 51 55U 55J8' 51',
.131', 132!i 131j 1323k
.117 110 117i 110
.182
. 13 11 13' i 14
25',' 20i 2PJS 20) (
. 20 32V. 29!j 32)
. 7.Vi T0H 75'i 755f
Philadelphia Stocks
ItlSll
150 Am Strs. 24
7.1 Am (Ins. 70
10 Am Mill, t)
150 Am It pf 00 4
700 It & O. 4Vi
270 nice- Stor 74
JOOO Den & It
Or pf.. 1U,
100 Gen Asph OSt
22S T O N A .11
MO. Kcnnc C. :t--li
455 Lk S Cor lfiiJi
,10 1 Loh Nnv 70
.".50 Leh Vol. W
1202 Va It It. AT"S
.1 Pa Salt. 80
100 1 &W pf .10
10 IMilla Co
cum pf 35',i
022 Will Klcc 25s
100 VI Us C. C1I
100 V It T to L'fliJi
20 llentllng. SSv's
100 Ton Uel. .IMi
100 Un Tract .10
103 U (II... 0!)K.
40.10 V S Stl.lOOti 10.1's lOO-h.ITi
1000 West Mil I!5 VI JIP'i I.1'i -7s
lOWnrl&S !) 0 1) . .
2 West C. 72''. 72 'I- 72 Vi l1'..
70 W Cra'p.VJl 120 120 ..
Net
Low Cloie che
21 2Vi -i
n n . .
02 Vj 00Vsi
nVt r.iVi Vj
-;t 74 vi
HVa 11'! Vi
OSVi SVi
.11 .11 . .
.1471 '!t!5i '.4
10 mri..
01) 70 . .
r.sy, 50 1s
47'i -17-f '&
SO SO I
.10 0 . .
W. :t5Vj Vi
25'j 25Vi
5!) 50 li
20Vj 20 V4
88 SSK
!!Vj :iVi-.
JlllT's .".OT's "s
(!)it 00'i-f 1,
noNDS
HlBh Low
C'loe
Net
chse.
t
IS
72).'
82
70.' f
2!'i
38! 4'
Chi & Nvvrn l00!i 101i 100'8 100)i
Chi R I & Pac . ."I 30' j 29 30
C It 1 & P 7 pr. t2'j 8'j SJ
C U I 4 P Sii pf. 09' i 70.' 4 09';
Chile Copper ... 2JU 2.1'i 2.3' 1
Chlno Copper ... 38J4' "S.'j ,)8
C C C & St L . . 47
C C C S. St L pf. 71'
Cluet Pcabody pf.lOa
Colo Kuel & Iron. 411' i 47 II.
Colo Southern . . :J0J4 204 2'J
Colo So 1st pf. . 5i
Col Gas & lilec 5354' 55 51
Consolidated Gas. 100 102U 1C0
,0
b7!,' SO1.
8,'i i-'j b
Con Insurance ..71 71 71
Corn Prod Ref .. d2 t.Ts 02
Crex Carpet .... oS'i teli 5SU
Crucible Steel ... 71 "f'j 71'J
Cuba Cano Sugar. 34U 35' i ?,Ali
Cuba Cane S pf.. 8IJ3 82)4 SHi
Deere & Co pf . . U'J
Dela & Hudson .114 114 111
Del Lack & West.213JI
Den & Rio Gr pf. U tUi 11
Detiolt lMlson Co 110
115,
29!.
is;
mnn.l f.... t,. ... .... :... :.i. ! l-llpr ZJOUY . .
. . , C.aston vv & v
accumulation musing an advance to General Cigar
4" This stotk has Ik en tpnet foi a ' General i:iectno
long time, with the inquirv fust appear- . ilenejal Motors
l.-.VJ
2!34
10'j
31
21 'j
12't
s ing vest utlaj .
IMIL'olRlll.-
Aelna KxpIosIf
Am Hr t ilfir .
Am MrtrronI
vvrltinn I'aer .
Air rtcductlon
Canadian Car Co
1 on Car A Mb pfd .
Charcoal Iron
c hvrolet Motor
Cramp
Curtis Aeroplane
C arwen Tool
Carbon M1
nmorion Phonotrapli t
HenO-o Mfs
Lako Torp Hctl
l.chlgh t oal Sales .
Lima I.oro , , .
vtaxlm Munitions
National Anllinf
N Y shipbuilding
V Am l'ap Pulp . . .
OtlH :lpdtr . .
Penrh'ss Vlolor
Poole I-nc
St ripps tlooth ' . .
Manuard Motors
Stol Vllojs
Hubmarfn,.
StMft Int . . .
St Joseph Lead . ..
Todd hhlDbullillns .
TrUnEle Him
CJnlled Profit Bharlns
t H steamship .
I'nited Motors
Worlds Film
Wrlithl Vlurtln Air .
Hid
1ti
4
I",
'
S
SII
.sk
11
.Net
lll
Gen Motors pf
Uen Motors deb
Good (B F)
Goodrich pf
l.n
l
.1
I On
1.1,
IT
fill
3'i
s
Jfln
1 2."
1IJ
110
t.t;
21
Gr Northern pf . .
I G X cfs fore ore p.
Greene-Can Cop .
Gulf Mob & No . .
Gulf M & N pf . .
Gulf States S ...
Hartman Corp . .
Haskell & Barker.
.10
2P
42
7' J 7!'
5' j 3''.
80.1j 82
165 105' j
lSS'a US
90) 1
90
Co. 70'i-
Wiii
11
29',
lx.'i
30 i
i 21);
12U
1 7S'i
35' 2
80'
101
187
G0' 9(
71'i 70'J
97!
6!i
AV,i
11
35
70) J
79' i
58! i
OS'i
47't
42
11
97' i
4i.'i
12
11
35U 35.''
7.1), 71
79
59'
7G
5fcJ.
2')'4
Vi.i'j
101'.
8
71
(.3'.
58'.'
70' i
35 H
81!.'
iit
lV
li".
2ci4-
19!.'
i 3
21 1
12'
7 V
:m'.-
8Uj
1G5,
18S
"i0 ' a
71
9S
47.U
12
11
3Vi
72!j
70
59),
U S Steel pt
utaH topper .... 771 ,
L'ttih Securities . 17!4
V.i C.iro Chem ... lid1.
V.i-C.iro C pf . ..113
Wubisli UJ,
Wahasli pf A ... oti.'i
Wabash pf B.... 2-1
Wells Fargo Kx.. 70
West Maryland . 12).
Wt stern Pnclflo . 22' .
Western Pdctpf 50
Western Union T. 8tJ4
Westlngli Air U.llSJt'
Westing I! & M.. 57)4'
AVesthig 1st pf . (,yj
Wheeling & L E . 10
White Motors . . . 57
Wilson & Co .... 80
Wilson & Co pf ..101s.
Wllljb-Ovciland . 31!.
Will s-CJver pf .. CO
Wool (V W) Co .13184 111
Worthiiigton P . . 08 ...
Wor Pump pf B. 70 ...
11.
30,',
21' i
7')
V6!i
5t)
8') '4
57.'.
lb-,
574
Ss'i
Sr:;
18
GO.' 4'
' i hi
30' 1
2.1' j
7.1' 2
12',
' 50
89.' '
.0
IS
72',
'ii',
30' 1
2.1' s
7(1
13'.
50
$1000 Haiti l.oc
1st ris.-ioooi 10071 10071 M
4200 Ul & IV
Tr-ls.. 00 0S7s 0S
2000 Lch Val
cons O1
1023... 101'" 10lVi10lVi..
1000 do 0s
102S... 102 102-;g 102vC,..
13000 Lib IlontI
.Id 4V4s 05.04 05.S0 1)5.82 .OS
1500 2d 4'4s 05.00 !lt.70 115.00 .10
27500 4th 4 Vis 05.21 05.20 05.22 .28
13800 Nat Vrop
-1-Gs... 3G'i .12 .10i5Vi
10000 Vcnna Co
temp cts DO 05 00
S00O Phil Klec
1st 5s.. 00 05 05..
ARBITRAGE ISSUES ATTRACT
INTEREST IN LOCAL MARKET'
Steel Common Becomes Unusually Active and Soars Rails
Generally Score Advances Home Stocks Neglected
Trading wns on n fairly broad beale today on the Vhllndelphin Stock llx
changc after n dull opening, hut few home issues showed activity of interest.
Changes in prices were irirgular, while the undertone was strong In line with
Hip strength displayed Iry mils antl Steel on the big bonid, which was re
flected by nctive business In those stocks in the local ninrkct, with their price
Kcuerall higher. Arbitrage business made up the hulk of the play's transac
tions here, the influence of the pussuge of the deficiency bill by Congress calls
lug it good demand ns In Xcvv York.
Vcunsjhnnin Italirontl became prominent enily antl advanced ns high as
17, holding linn to the close; Lehigh Valley nlso turned upward, as did Unltl
morc unci Ohio, Denver nutl llio (irnnde nntl Western Maryland, with the three
latter stocks unusually active for this ninrkct. Heading Company did little,
although It advanced on the big exchange.
Steel common rose :jaf points to 100"i. n new lop level for this movement.
Judge (Inry's statement at the. Steel Institute uieetlng in New York, ns well
us favorable action by Congress on the problems confronting the railroads, were
credited with the increased demand for this usual leader.
There was Mmi n huge turnover for the local boaitl of Kcnnccit Copper,
which shutled slight!.
Home issues were neglected, but were fairly stead. Fractional recession
u'e.r: .mn,le UJ' Hnplil Transit ccrtifitntes, I.nUe Superior, Union Traction, Vliila
delphia Ulectrly and Klcctric Storage Itnttery, hut other local stocks were
generally sternly mid unchanged.
liond" business was brisk, with third and fourth Liberty 4 Vis active and
slightly lower nfter ntlvniices. A large turnover of National Vroperty 4-Cs was
recorded at ilOVs, n gain of more than 5 per cent over their previous level.
v v 1,
The VhilndMphia oxchnngc will probably lie closed Saturday, May 31, as
well as Memorial Daj. The New York exchange governors voted" to observe the
extra holidny jesteiday and ollicinls of the local cxchniigc will meet soon lo con
sider similar action.
New Chairman for Baldwin Board
Directors of the Ilnltlniu Locomotive Company today elected A. D. Newbold
chairman of the board to succeed William A. Austin. Mr. Xevvbold was chosen
n du ci lor to succeed Samuel Mcltobcrts. of Xcvv York, who resigned.
No action was taken on the proposition to pay dividends on the company's
common shares. Regular semiannual dividend of JJVi per cent wns declared on
the preferred stotk, pa.vable Jul 1.
Mr. Newbold is a member of the firm of Drexel & Co. Mr. McRoberts le
signctl because of his mtin.v other duties, which pi evented him from comin- to
Philadelphia to attend the Itnldwin meetings.
BIG DEMAND FOR SROT
HELPS COTTON PRICES
CO', 57
K'i
57
SG
34.-,'
131
10'i
57M
8SH
A'eiu York Bonds
ShIph li
J 1 11(10
II
Low
High
Adams I'xit Is 07 05'
I I Am Agr deb 5s 100 10S";,
!I3 Anglo-l'icntli 5s i)7'i 07m
II Am l'oigu Sec 5s 1)0 T, 007,
7 Amcr Smelt (!s 01 01
!l Amer T T 5s 027 02
2 oO
07
100
07'..
oTs
!)1
'M
10.1 104
8
S2
SO
7M,
So
Oli
00"s
s:;
!)!l' .
Osi".
lis i,
OJ'S
07
!
117' .
M .
!J'!i
02
05.1,
til" .
87'.
82 .,
SO
7S--1
S5
011
00:S
S3
!)!)'
OS'
S)S t
!7-,'j
1)7
00
117'.
K!
007t
02L1
!r.'s
05
Opening Declines Soon Turn to
Advances on Trade and
Liverpool Buying
tin wriAi.
', VCity-of Philadelphia 4"j's
Beth. Steel 1st Ext. 5's. due 1926
.Tac. Ist and Ref. 5's, due... 1923
Qmm. Motors 6?o Debenture Stock
'MULL Ky. & Power Co. 6 Coll. Trust
.fWotes - Due Feb. 1, 1920
' IThos. A. Biddle & Co.
424 Chestnut Street
r
.
O. S. LBERTY BONDS
" $50, $100, $1000
,T.
rt
NFtJZ"00
ItirWger, Hesdersoi & bab
I4IU Ul&njni4 fiar.ci
m mt m otl rhUaHtMkKwhinrM
?.
Lcl IndiUtrlaU Only
(CR COMPANY, inc.
WMMtr uuainfl
iilTitifDa.
American Telephone & Telegraph Co,
A dlvldenrt of Two .Dollars nr uliuro will
b raid on Tuendar. Julr IS, 1010. 10 stock
holarra of record at the clofa of butlneta
on Friday. June 0. 1010
o. D JtlLNE, Treaiurer.
T1IK WJiST rllll.MJKI.l'IIIV TITLE AU
TRUST rOMI'Ay
fniiaafiptiia, amy 8th, ltllO
The Board of Director! hn this day de
rtar'd a Semi-annual Dividend of 8I IB)
I.R. ei-'T. clear of tax. nnvthl. Jm...
1B18. to atockholdera as registered on th.
hooks of the Company at close of business
May 21. lflfi The Transfer Books will bs
Closed irom mm.y i to dune . luitf.
RALPH I. I.KVElNO. Treasurer.
posals
OmCK OF TUB t miMIHMIONKKtj OP
1S7 fltr Hall. VhlladrlpliU
Sealed proposals will ha received at this
efllco until IS n'rlork noon on ItrdnesduT.
Jane 4. 19l. for the exravatlon. eradliiK
and construction of the tunnel and basement
stories of the Philadelphia Museum of Art
on ttaa site of the old Kulrmount reservoir In
Falrmount Park.
f'utl parttrulars as to form ar.d every re
rement of the proposal, with tlie nects
sary specifications and blanks, may be ob
tained at th office of the architects, 1408
Land Title BjHdln, Philadelphia.
Tlis Commissioners reserve the rlrtt to
reject any or all bids.
hr oraer at, the CommlsslojHrs lef Falr-
.lii
3'i
1"
, rti
.10
u'j
1
. in
. r,
in
107
I',
-'S
Jl,
T.M KD (III,
. . 104
:iin
Itlinuih
Ohio
Prarle Pipe
f O (.rfl
S tl J
SON.
INDI.I'KNIIKNT
lUrtiett nil i Can .
Commonwealth . .
Cosdtfn &. t u
Klk ttaijin
Federal Oil . .. .
Inter Petrol . . ..
Houston Oil .
Merrill Oil
Midwest IlcflnlnK
Met Petrol
Ohio Puet
Sapulpa Jtef . . .
SlncUIr
iBlanit .
OlenrocU
JU"i
381)
Oil. STOCKS
40
4 J
ts
.Ml
01)
14
110
I'l
3IU
.It I "i
J!lO
740
31IJ
111 Mi
5'JVi
11.
Illinois Ccn 103
Inspiration Cop . 54i i.Mj 01' 5o'j
Intcrboroueli Con. GJi tVt li'j CJj
Inter Con pf .... 23?i 2U3 -i -
Internat Aerlcul . IM), "7 2.) 17
Int Agrlc pr ... 8UJ 81 T'Hi Si
I Inter Hal v new .1301 l.'IJ 1M'4 U0 4
I Inter Jler liar .. 463i A7'i 4.V. 47' j
Inter Mer M pf.133.1 124', 12a1, l-U.'i
Internat Nickel . 26) 2 2C.)t ail.1, 20!f
Internat Paper .. S3't u4!, 5." 54j
Inter V pf stptl . . 7oJ 7tm; 7(5 7ii
Jeel Tea 3SV, liy 30 3
Jewel Tea pf . ?5i ...
Kan Cltv So .... 'Ai 2t 2J, :3H
Kelly-Sprlnc 'f ..1181i llUUUhU 110
Kennct-ott Cop .. 31H 35', HU 3M
K'eybtono T & 1 . 8JU Hi SI 00''
Itcledo (Jas II 73 70 7.1
I Lack Steel hO'i 82Js SO Sl"j
Lake K AL W pf . . 20 31'i 21' , 214
Lee Hub & Tire . bJJ-j 32J4 Ui'j iUh
I Lehigh Valley ... 5-Vj 6s; ob-i .'jS'j
Loose-Wiles BI3 55,, CO, 50JJ fi
stn,,
7f)
SI '.i
Ml
1(7 -14
84 i
104
71
."I
inn..
up,..
ns
7!)
M Vt
SII
SIS
sr,
71
.11 ',s
ni
r.31,
sun..
Sll
Hi's
"Vs
4-1 Vj
3l't
.137
. 30,
17
Jt)'
R'
. C2S
'
. Ul.
50
li'.
It)
:i
3.'
110
189
2S
02's
JHMNO STOCKS
. 7
4.
llJ
V'
nil Ledce .
Boston ant Mont
Butte New York.
Con Arizona .
r F t. lerome
Firit National 2
Ooldnelit Cona 17
lioldnel.l Florence 4 4
Goldflflfl Iewanas 4
cirten .Monst r . . .
Ilecla Minis.- . ..
Howe Sound .
Independence Lead
Jerome verde
Jim Itutler S
MrKlntey Darruih r,H
Muama Copper 311
Mother lxde 40
Nevada Hills '.' '
Nevada Wonder . .... '4
NiplsKtnff K1
Ohio Copper i
Itay Hercules 2
Han Toy ... . 1IV4
Tonopah Kxtenslon 211
uniten vertte . . .
West IJntl Con
White Cap
1 erlnslon
IlONDS
Bethlehem 7s
Cosden Oil 6a ... .
cjosoen icuovs ........
cnaanx ns ..:.........
usaian uov ovsa ... ,
lant uov nis,. .....
37
102
70
HI
IS
CO
t
8
'
tij
37
4
11
.1.
3X.
A
;ot
11 .
in
,7
82
1 12
31
is-i,
3S
Hi,
'JA
102'
01
ur.
,,10:14 102
r,n . on
WX
Loofc V II 1st if 10.)
LorlllarJ P Co ..1GJ
Loula & Nash . 121
Manhattan Kiev . H2
Manhattan Shirt . 118
Maxwell Motors . 41
Maxwell M 1st pf. 70)j
Ma-ell M 2u pf. 34J
May LN!pt Stores . 00
Mexican I'etrot .lbOJi
Miami Copper ... 27
MlcUale Steel .. 47Js
mibm Kan & Tex. (Hi
r, I Miss Kan i T pr.. 22
t,, Mltsrourl Paclflo . 3J
' Mifbouri l'ac pr.. 50
Nat Acme vdt
Nut Cloak & Suit, tvlji
Nat Cloak S. S pr.lOH
Nat Con & Cable. 19JS
Nat En & Stamp. C3Ji
Nat Lead 70
Nat It of M 2d pf. Wi
Nev Con Cop ... 17
Now Or T& M ...355,
N V Air Uraua
N Y central ..,
N Y Chi 4 St h,
N V Dock
N Y Dock pf . . ,
N YNH&H..
N Y Ont 4 Wes
Nor & Western
North American
Northern Paclilo. ('($
Nova Sco H & C . (,7ii
Ohio Cities Uaa . M!i
Onturio Mining- ,, SJ,
Okla Prod & It . 12J
Owens Bot Mao , So
l'acltla Mall 37H
Pao Tel & Tel . . . 2WJ
Pan Am Pet & T. D4U
rauAmPi Tpf.l63J
45' j 44'u
73 72'i
30 3SJJ
95", 9.
1S2 ISO
27) i 27.' i
AW 47W
17
M.
!'s 2'
14
Wi
2o;-
. .!
u,
30i
21
0.515
78: i
Wi
20
55
30) 1
JUJi
03'f
'7!i
4."
7::'i
3u
95
lhl.!.
27i 1
.8JJ
n
20
:2.
0
30",
20'.
.,116H
.. 80H
.. 31K
...3J
.. 61
B2
23
17JJ 17H Uli
SHi 81 81i
32H
55
22K
33
Kiii
22i
Wi 111M 110
K) 01i (0M
H7'i
7,'1
0
1.0! i
0 'i
ur,
tOJ.
38i
12.'.
50
am
32H
C5
32U
22H
110
0IU
Wi
72
0U
'l2!4
60
05!f 93Ji 04
S tin (!i 101
1," Armour Co 41 .s S7'.
!l Atchison 4s ... S2.j
I Halt & Ohio 5s. SO '
!! tlo ov lUjs .. 7S-"1!
IT) I! cv O Sn :!'ms 8.-1
1 Itrntlen Coppor (Is !M1
2 llkfjn Kap Tr .".s (HP,
7 tlo 7s S3
1 I!tii(lpiin (i . llll'j
2 Can Cot ."is 11121 US'",
: (lii ." 1!I2(! . .,i',
.".2 do ,".s i!i::i .. 1177,
21 ("out Leather ."- !l7
1N Chile lis i() ts
1 Chili Copper 7s. 1I7'
."..". Ches.O cv 4-l.s S.", "
,"il do conv ,"s ... ill
II Chi (it West -Is . 02',
."ill Chi IIaC Q -Is . !l."s
2 Chi Ind & West 4s 05
7 Chi .Mil & St I
ifd 4os .. .. 72
20 do lonv ,"s ... SO 1 j
7 tlo cv 4i.s ... 7! "
2 tlo Ren 4.s .. sp,
1 ('lev Sli li l'js SO
11 fit Paris (is .. 9N
" Comp Tab Itec
Co 0s S.",
11 Cono (Jns cv (Is .11)41,
7 Den . Uio (!r 4s 71's
." Krie cv 4s SerA ."1 's
I do Ser 11 51
1 tlo Ser V 531 j
1 (Jen i:iec fis ... )!)..
S) 111 Steel 4VjS SO"
3 lown Contra I 4s. l(17s
13(1 Interl) Met 4jS. 307s
40 Inter Mer Mr (Is. 10412 lot't, 104
Sinter Afir fix S2',... S2'. 8'J1,..
5 Lack Stl 5s 1050 02 02 " 5)2
!) I,eliiKh Val Us.. .102'', 101ft 101ft
1 I.ig & M T 7c.1i; 11.", 113
1 I.orilhutl 5s !)lft !)17s jdft
XMi Lib ltd .'IMsi . . S1SI.IM !)1),54 00.114
3!)7 Lib UiI cov 4s... 04 71 01. Oil J)4. (HI
22 Lib ltd 14 4s... 1)5.00 05.00 1)5.(10
HOT Lib ltd 4'.js . .SI5.0S 05.82 05,81
OS Lib Hod Ifct 4',s 05.0(1 1)5.70 05.80
1052 Lib Hd ii 44h 05.12 05.00 05.00
137S Lib ltd 4th 4iLs. 05.32 05.1005.14
1 Ljous Gs 00'. 0!)'j 00j
I .Mur.sle us :i!i'.. l)l)i(j OO'S
lOMidvnle 5s SO'fj RSTs 806
1 .Minn H li 4s. . ,(i,.j 7(ji . 701,
:: x y 0 & n 4s 77"K 77 " 771,4
4 do (lh 00 )0ft 00
10 X Y XII & II lis 82ij S2-7 82V.
22 X Y Uwy 5s.. 14V. 14v. 14'.
(i Xorf & V cvt OslOl) 100 100 "
5 do 4s 82 Vj 82 Vi 82 V.
S Xor Pac Us 00 00 CO "
.'t I'enna-gen 4js. 87Vj 87Vj S7V-
5!) I'u 5s '08 HO Drift 00
4 Tierce Oil '24... 100ft IOOVj lOOVj
20 Sinclair Oil 7s.. 100 1)0?6 100
ICSt li & San V
ndj w i "P fiOVj 70
7 do in w i .... Wft 54ft Ti4ft
32 Scab A li adj Ds 51 51 51
10 do rfd 4s ... 50 50 50
7.1 So 1'ac cv 4s... 83 83 U 834
III do cv Cs 108 107ft 108
12 do rftl 4s ..... 81 Vi 814 81 '4
5 South Uwy 4s.. GKVj OSVj Vj
18 Third Ave ndj 5s 35 . .14 .15
27 1' S Realty 5s.. 70ft 70ft 70ft
10 V S Iltlbber 5s. 80H 80 81)
11 do 7 10.1ft 10.1Vi 10.1Vj
25 Un Itwys 8 V 4h 33 Vj 33j 33 Vj
13UKo(GK &I
rl4s 1021 .,. 00 09 00
.a mm$m.mw!k
New Yorli, Mny 23. After n brief
reflection of easier cables nntl more
faorable weather which caused a Ben
ei al opening decline of 13 to 10 points,
the cotton market turned firm ngtiin nntl
quickly l allied to aboe 20 tents for
October.
The trade nnd Liverpool were heavy
buycts on this upturn which was further
supported by southern advices noting u
tremendous demand for spots.
A private cable from Liverpool te
porting that Manchester was largely
uncovered, tlint is to say, hntl bought
ny little cotton against leciuirenients,
and leports of n coqtinued good spot
demand weie factors on the rail.
Tlie bulge met lcnlmiiR nntl local
selling for n reaction, however, and the
mnrket was easier, with prices back to
about last night s closing figures
Y't. Todays 11 00
May .
lult
Sent .
Ot-t . .
Ic.
.ran
Feb
March
MONEY-LENDING RATES
.PHILADELPHIA Call, Tift per
cent; time, 5ft QO per cent; coinmci-
cial paper, tluee (o sit months, 5Vi
51j per cent; six months, G per cent.
LONDON Money is quoted nt !!!,
per cent. Discount lates, short untl
three-mouth bills, :?;, per cent.
Local Bid and Asked
rlnRA nhpn
. 30 00 8tl.tr,
jn no 87
. 0 111 iS IB
. US SB 2S SO
US 41 --'S 40
H 30
21 ii:
i in
m
30 21
I'll N7
JS 10
W 14
JH 41)
'j in us ir,
21 tu -s :
US 1.1 J8 1.1
1 30 2 311
p. m
30 Jl
.'II (111
2R.10
28 PI
28 43
2S.11
2K 21
p in
.11) 2.1
'.Ml 118
28 II)
2H C!J
28.20
28 It
BANK CLEARINGS
ll-inK tlearinss todiv coiunareu vlth ror
respondlnir da last two ;?(.
i.i.U . 472.1211 I'fill J10.S74 Sill S14 SHI ten i
.. rtoitnn W.W.r-f! 4S.4 11 4 331)45311'
- I v Y 7CI1 7S0 12J ,120 144 37 5114.207.171 ,
-!si liut'i M HI)J.271 21 4.11. Ill L' Jll'I'Sl.l:
t hl.HCO SI.721.IM') 7.147.71. Ml IK1.IIS.1
li.iltlmore 11.2113 1)111 S ns
714
FOREIGN EXCHANGE
New Yorlt. Mnj 2:i. After the con
tinued successive acute declines in for-'
eign exchange throughout the week a
bujing demand for both accounts de
veloped in enily dealings today, with
gnins of more than " teiitinies in fiancs
nutl of 5 points in Swiss nnd Scandi
navian cchuii";es. Steiling improved
ftc for demand nntl Iftc for cables,
computed with .vestoidn.v's opening hg
u res.
One of the leading international
bankers said this morning that bankers
were considering measures to solve the
tremendous pioblem presented by the
demoralization in Trench and Italian
exchanges paiticulailj , but so fnrvith
otit success.
The point of concern naturally is tlie
great obligations of both Trance and
Italian in the face of iiniitel supplj of
gold.
Quotations weie:
Demand sterling 4 01, cables 4.05.
TraucB cables (105, checks 0 07.
Lire cables S.70, checkH 8.72.
Swiss cables 5.10, chicks .".I".
Guilder cables 30, checks .10s.
Pesetas cables 20.11, checks 20 05.
Stockholm cables 25, checks 24.S0.
Christiauia cables 25, cheeks 24.S0.
Copenhagen cables 23.70, checks
23 50.
Itelgian cables 0.70. checks 0.72.
There were viituall.v no quotations
obtainable in the early dealings feu
ruble notes.
In mid-afteinoou. sidling, in ton-
' tiasl to tlie lest of the muiket, t ended
American Stores
uiitr & Suq . . . 71
ilo preforrej n t
Ilaldwin . .jo,)
llrlllj C! .4-,
tr.uni t t .111
lilfi trie Morace . 7.l,
tieneral Axphalt . . l.S
ilo preferred 10J
KevHtnnn TelPnhoni II
(lo preferred . 4S
I.ttko hup Corp ... HIS
Lehigh .Vav . , tipl
I-ehlRh dlle ,1S4
Lehigh Val Trne . 1 I
do preferred. . . . 28
Pennsvlvanla . 47'i
Phila Cleclrle . 21V(i
i'hlta C"o . 4llt
do .1 per cent pref 21)
do (J per cent pref ,11t
Phil i rt T t c . . 2(1
Heading- . . . 88't
Tonrpali llelmont .m
Tonopih Atlninir 3.V
fnlon Traction 311s
t'nl Us Imp ilDVa
f S Hleel Itinjj
ork rtnilwa) "
do preferred, .. 32i,
Todjv
Hid Ask
1'4
10IIV: lot)
Yesterday
Illd Ak
l'ii
71
I
47
120
71
II')
1(1.1
111
no
21)
7(1
no
17
37
474
2T,
41Vi
31
311
ail's
8H
3'i
:i's
40
7(1
I ua
i)"i
4.1
1LII
(IS
111 I
I)
48
lt
t'.'l
r.s
14
38
47'4
2.11,
311 Vi
2'l
31V,
ail',
87lt
3s
3W
3T,
ill
10",
73
r.i'4
ltin'j
17
123
74 '4
III)
llll
10
nn
Ill's
71)
M
17
.17
an5
lll'-i
3(1
an 'i.
S7i
3'4
ak
40
nuts
103'n
32 '
DIVIDENDS DECLARED
Giobo Ttubber Tire CompanM quarterly of
l' Per cent, pajable Jun 15 to utock of
record May 31
Northern Pipe T.tne t'ompanv. semiannual
of $.1 a (.bare, paatle Jul 1 to stock of
record June 11
Wolverine Copper Mining Companj, quar
terly of .10 centa a share, payable July 1
to slock of record June 14
lirnuklyn t'ulon Uiih Companj. quarterly
or J'-j per tent pajuble July to slOLk of
rXiord June n
Submarine Signal, n dlldend of 2 per cent,
pavable Jun ,1n to Ktnclt of reeord Mav 2J
Atlantle Hulf and IVest Indies Stewmshln
I ompanv. (.emlnnnual of 1.1 a share on com
"on, pajablo August 1 to stock of record
General Chemical Company. Quarterly of
1V4 per cent on preferred, paiabltj July 1
to stock of record June 18
North American Company, quarterly of
l' per rent pasable July 1 to stock of
record June 1C
Pratt Food Company, quarterly of 5 per
cent, payablo Juno 1.
BAR SILVER
Ci neicinl bur silver was quoted to-
da in New York at Sl.OlS'i. an ounce,
an advance of l:S,c In London, the
price was filTid for both immediate
and forward deliveij. This is n gain
of 'id over cstcidn.v.
TIVANCIAT.
$10(1.000.00
CITY OF READIM1. 1W.. 4V4"l LON
Tor Street Imnrocemenls "Cerles tl."
S500.00 Dennmlnatlon
Dated July 1, llllt). Interest payable Jan
uary 1 and July 1.
10-Year Coupon nnd Resletered Bonds
due July 1. 1020.
Free of all taxes In Pemislvanta.
Kxempt from Federal Income Tax
Ivural Investment for Truat Funds.
Pondl of tne City of Heading enloy a
blah Investment stnndinc. Healed proposals
fo'" the purchase ot K.ild bonds will be re
ceived at the office of the City Controller.
City Hall Readlnff. Pa., until 10 a. m.
June 4. 1010.
Bids mint b accompanied by certified
check for fi of the par value of the amount
nf loan bid for. made payable to the City of
Reading-. No bid will be entertained for a
sum less than par.
The right is reserved by the underslsned
to reject any or all bids.
Tor further information address the City
Controller.
n PRANK RUTH.
Supt. Dpt Accounts and Finance.
O n DCirtWARD, Cltv Controller.
WKIil.INOTON M. BERTOLET.
Cllv Snncltnr.
n half cent to l.o:!1:
1.04' j for cables.
for demand antl
Inquiries Solicited From Brokers
Wishing Quotations for Active
and Inactive
SECURITIES
WARREN A. REED
Brokers' Broker
421 Chestnut Street, Philadelphia
Annnal Klertlons
IKT Kfc-UJl.Ml COJII'ANV
12? Central linice. n
Phlladeln1
Notice is .hereby elven
Itemllnr Tntnnt
..l.. .'tit Zi.. .T "..'.
j miuueiimia, jviay u.
Ocnernl Dfllee,
Jtlay 20. lull).
VlD, ,U. .
oolite 0.,,1 ";. --; A 1, "v annual
election of stockholder of leading Company
to elect nine Directors will take place In
Room No 453. Reading Terminal. Twelfth
and Market sts.. In the Cltv of Pblladel.
nhla, on Tuesday. June 3. 1010, at t'velva
o'clock noon.
Ry order of the Hosrd nf Directors
JAT V. IIAR13. Secretary.
Bpelal Xotlees
UNITED STATES
GOVERNMENT
LIBERTY LOAN BONDS
Rats
3',..
3'9o..
4 ..
4 ..
4'..
449o..
Vifo..
Vt..
Callable
.. 1932 .
.. 1922 .
.. 1932 .
.. 1927 .
.. 1932 ,
..1927 .
" 1933 '.
.. 1922 ,
Dus
.1947
.1923
.1947
.1942
.1947
.1942
.1928
.1938
.1923
$50, $100, $soo AND $1000 DENOMINATIONS
FULL
INFORMATION REGARDING TAX FEATURES OF
LIBERTY LOAN SECURITIES WILL BE FURNISHED
UPON REQUEST
THE
I0HTG0MERY & CO.
133 SOUTH 4TH STREET
PHILADELPHIA
14 WALL STREET
NEW YORK
ujuiiiuns or jiiv, m:w york ami rmi.Anui.vim stuck exchanges
COVliltN'MIINT SECURITIhS UKI'ARTMISNT
TELEl'lIOMiS. UUI.I,. 1.0 M UAH I) 4330s KEIbTONK. MAIN S3SI
F
ITSS AT A JOINT MKKTIM1 or T1IK
3Sf Hoard of Offlcern and the Women's
Auxiliary Committee of the Jewish llns.
i.llul Arsoelatlon of, rhllailelnlilu, held Mav
12, 1019. the president havlne announced
the death on May II. init). of nur honorary
director Simon n. Flelnner. the following
minute was adopteC by a rlsinc votes "
Mr. Flelsheir hecamo a director or the as
sociation In 1RRB and durlnic the jesrs of hts
active membership on the Board of Officers
he rendered lo the association and the In
stitutions under Its control useful and effec
tive service. ... . . .
He was appointed a member of the Com
mittee on Home the first ear of hts election
ss director and served on that commute-,
with but one slight intermission, for the
fufl term of his active membership until
lie' also served as a member of the Com
mlttee on Admission to the hospital from
100 to 1S04. and on the Committee on En
tertainment and Employment from 1802 to
Mr. Flelsher also was one of the com-,
mlttee appointed In 188S to provide for tb
enlargement of the hospital and home, nml
It was largely owing to Ms wise counsel and
mature Judgment that the present splendid i
Home for Aged and Infirm Israelites tints
He displayed a deep and sympathetic In
terest In the Home for Aged and Infirm, antl I
v ever ready by his advice and counsel to
In 1S0T. having passed the rejulte. term
of ten years' service on .he Hoard of c)ff.
rers. he was declared an honorary member.
Ills relation with his rollesrues of the board
were always pleasant and marked by nva.
rl.ble courtesy and consideration.
" mwhw nf that Nnn vrl n fllfUdk m
int iniiiwrip w s.d v . wj iwn pna
v v
ERHS1 & ERNST
NEW YORK
BOSTON
PHILADELPHIA
BUFFALO
PITTSBURGH
CLEVELAND
CINCINNATI .
CHICAGO
MINNEAPOLIS
ST. LOUIS
DETROIT
TOLEDO
DALLAS
HOUSTON ,
nrrffj
of the Wonwn'i AntWmrY CajnmUtn dftap;
,1?
AUDITS and SYSTEMS
TAX SERVICE
WASHINGTON
IY1UNSEY BUILDING p
PHILADELPHIA OKFIcJj
2023-2024 LAND TITLE BLDG. Telephone Locust 2681.
We announce the opening of a
Washington Office, located in rooms i
915-16-17 Muhsey Building, for the
purpose of facilitating 'the handling
of all Federal Tax matter.s referred
to any of our offices by our' clients.
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