iWMBUi3 Wbybnebtg pubeio TK-f imr jmjw v jujja J7 vUX14JL.'.LrJUIJUir B 1'fi W I' I .r. M f4- K& jg K? , 5-l t: m yn, r ? iA,-'1 $ i 5 fP H. f fV "K t -fc J? VtJi w Investing, at v I'tne Right Time Tho market for securities is about the most sensitive market In the world. A change in the price of any security docs not necessari ly mean a change in its safety. It is to the advan tage of the investor to buy when, for reasons not af fecting safety, a good se curity ia selling to yield nn unusually liberal return. Wriio for our Offering No. E-33, describing some "timely opportunities. handle:? & Company Phila- IMCftSflAtt Franklin Bank Bldg, dciphia FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK QUOTATIONS AT 2:30 MM: WIDE. GAINS ARE RECORDED . IN NEW YORK STOCK MARKET Mercantile Marine Is Hit by Bear Element Many Advances for Other Issues, Ranging From 5 to 11 Points High Points in Today's Financial News Stocks continued nn upward course in New York, with exception of Mercantile Marine issues. Curb market iiftlicatod resumption of bullish activity. Corn declined. Cotton was steadier, following early weakness. Foreign exchange was quiet and uninteresting. Bar silver held steady. I New York Boston I 714 INVESTMENTS Fifteen hish-grade in vestments advised f o r purchase to our clientele on April 5, 1919, with an average yield of nearly 712, have jumped in price from 1 to 4-1,, points, thus materially lowering the return. Pomp nf Hip (wrnlj.onp pre trrrttl tork wlilril for pur chase InM werk, jlflillnB nil nirr ne of 7.S.1',, liof alio mlrnnrfil. Wli.v trait nnil mlit mrli oppor tunitlm? For particulars, nddrrsx Drpt. P. L.-51 Bibion'i Statistical Organization Wrllealry llllli", Mk. T.anreat Orcnnlrnttnti of Hi t'liurncter In " M orlil New "Yorli, .May -!. The .stork intirkrt in the day prior to the double lioliiluy was a field for ninny wide innveniiMits, with n xpcculntivp clcmr-nt putting out iidditionnl xlinrt Unci in many sturku because of the possibility Hint sometlilti); nilRlit fall from the sky in the three In.s in which the ex thniiKe is dosed and give them the opportunity to cmrr nt n profit. TliN element made an object point of Marine preferred, on which It centered most of its attention nnd tlmt stock, after n Rain of - points nt the opening, was offered in Inigc lolume down to ISIIVj. Tlie only inccntic for such bearish operations was to be found in re ports of another hitch in the llritisli deal, but .statements to this effect maj be regarded as pure conjecture. The reiuatnler of the list tnocd to higher lees (Jains of ." to II points were sn numerous that it would be impossible to mention them nil in detail American Woolen i nntiniiril its upward mncnirnt. selling at fl;)i, n gain of S' points. Mexican l'etroleum made a gain of more than 0 points ami Stiidchakcr rose more than ."i. An interesting feature of the day's trading mis the early strength in the laiboad stocks which was mot pronounced in Southern l'licilic. that stork c-diidend of l'.j per icnt. manuring to 111. n ne high for loeont times Mi bison nnd Reading t'onipnnj were also active and strong, ledectlng iiccumuhitinn wliich has been in progress for sonic time. tieneral Motors was u strong fentuie in the ln)e trading, when it united up nboM- 1M0, The greatest gain was made in I". I.orillard, whitli lose more than 11 points to 1M1. NEW YORK STOCK SALES 3:cn Huh T.OW n m. fil 8T( GO.'i H2J,' :t'i 32ji 70 70 "0 00) i 00 00" f 3,'i 3'i 3 ' ViVf 44N V.Vf mi n.-,jf nil Steel was active, langin'g from I07ai incurring a good part of the , to lOSt',. r dividend as the dividend of l'i result of the day's MT. WASHINGTON STREET RAILWAY COMPANY First Mortgage 5s ALLEGHENY, BELLEVUE & PERRYSVILLE RAILWAY COMPANY First Mortgage 5s MORNINGSIDE ELECTRIC STREET RAILWAY COMPANY First Mortgage 5s TTi sre In rpcplot of funds ulih ihlti to pay thp coupons du April 1 tilli thp above mentioned liond and ar prepared to canh K.ihl coupon upmi presentation at this offlrp hi companies by proper Income Tax Ortlficat'a BROWN BROTHERS & CO. Fourth & Chestnut Streets rhllailelnhU per cent, de.ilings The bond market was nitive nnd strong, vvitli the local traction issues becoming the most prominent. Railroad bonds were geueinlly higher. Oiov ernment bonds were .strong, vvitli Victor; - again selling nt 100, but were in supplv at n slight couccsMon. after that price was reached, while the Viitnrj ."'."is made their apicaratice. the first sale being a $1000 boud at par. WALL ST. -WELCOMES .ASPHALT IS STRONG i Ei Business Curtailed and Specu lative Excitement Subsides. No Uneasiness Manifested More Than Ten Thousand Shares Traded in at an Advance New rl(. Ma.v :.'!. The New York , livening Sun's financial nftrpoon is ns follows; New York. May 20. Trading on the review this Rroad street curb today was of an in-sj teresting character partly because of With a tbree-dnj suspension of stock "" manj indications of a resumption of W- S100-S500-S1000 Exceptional Security WE OWN AND OFFER SEVERAL SECURITIES OF THE HIGHEST .DUAL TY IN utnuivillNft l IOIN5 OF $100, $500. $1000. THE YIELD IS GOOD, ' ndt cause anv ouiinnlion ill prices SECURITY UNQUESTIONED. INFOR.l , , , , ... , , Imation by MAIL OR OUR reppf 'good deal of mieortiiintj marked enrlv course of pi ices, but exchange business ahead of il. Wall street did not manifest nnj uneasiness. Theie was a measurable i iirtnilinent of trading anil a subsidence of speculative excitement which was unl natural, but this was all If there was anj active withdrawal from the market as a precaution against untoward developments over the hnli ilav this evening of commitments did A the several 0 groups, of 'SENTATIVE WILL CALL, BAKER, AYLING & YOUNG LAND TITLE BUILDING .doston PHILADELPHIA Chicago' bullish activities stocks. Special interest was attached to the trailing in Crump Shipbuilding, which sold this morning at l.'l." because of the reports that it was intruded to dissolve thojoling trust. lint advices received here were that no action was taken nt the directors' meeting in l'hiludclphia jesterday (Jenernl Asphalt was one of the strongest features, moie than 10.000 shares being traded in at 74"s to 7."'. Soaie of the other oil stocks were also active and strong, Krtel Oil be- promiuent. advancing to i ,.-.: , ..,,!,. il, '"""" ""-' " -,,v sa Spruce J) J Ilacc S5jJ Canadian Municipal Bonds Bought Sold Quoted FINCKE. BANGERT & CO. Tranklla Dank Hide. BOSTON l'hllndelphla NEW YORK No important cliange was observable in srjei'iilalive sentiment vvhidi has been consistently bullish throughout Amer. Water Works & Elect. All Issues Bought, Sold and Quoted OTTO BILLO 37 Wall St. N. Y. r"" "- iinr LIBERTY BONDS BOUGHT and SOLD Any Denomination! Samuel K. Phillips & Co. 807 CHESTNUT STBEET Hembr l'lllludclphU Stock Kichinr :l new hieh recoril on trnilinir ivf gi enter part of the session iiiotntions 1110.p tlnn o,i()0 shares. worked irregularlv higher Motor stocks were all in good de nianil. .Marlin-I'arrv selling at -'. to oil. Tlie Savold slocks were well main tained ut around the established i-iidep. the I 'osden was nizain in irood dem.-iiuL selling at ll's and 12. Subinatiiie Moat sold nt 17V( to 17'2. Standard tins and l'.lectric was strong, with sales nt 1(1 to ISO. ItritMi-Ainrriran light-s were traded in at .V,H to ."Vj. I urn II Coal sold at ."".Vt to oil',. IMIMIIII.S T"S rloR Apk (mle) excited if bust was .street The icspite from the ! dealings and enormous volume ncss which has been transacted welcomed Wall street is expeiieneing one of the most remarkable inaikets in its historj and this is being demou strated dailv After three months of using prices, n formidable nrraj of million share d'tjs and tremendous speculative activitv. the market is able to bold all then rest tranquilly without a reaction worth mentioning. Public Service Commissioner Nixon's .tnml fnf ini..niciiil fn.nu fr !,....! .t.nnl I ' neVfOlPl -.,..... .... ,.,. I. .. i. ..... ,w, .... U, .-.,..., ('ran1p Atna Explosive? Am-Ilril Xlti ts gaiu and I Al" Maicont .. Air Induction. CanatJiati Car Co Can Car 1 JjMv prrf. Charcoal Iron Moinrp A Complete Federal and State' Tax Service NATIONAL TAXAUD1TBUREAU Tax Expertn and rubllr Arrountunt 40fi Colonial Trust Hide. Markrl and i:tlh St.. ISnrure 1015 v na,m ooo Local Industrials Only BENNER & COMPANY, Inc. Wldener Building Bnnche In Penna., Reading, Lmcaiter, York, Allentown FINANCIAL SiHM'tal Nntlrew (KgTIIIH Ifl Til A.V.NOfNCK THAT MK r1 K. O. IIuIHn 111 no lonetr In rharir. nf our Phlladflnhla offlce and the l4?"f J joverwl by iiald omci-. We liavi" amalntd Mr. Wlllard M rrlnisle manauir " o M ;ffl and terrltorv who will b rpinnnalbln JntruVt ui ,ran"actlon" wl" wnkh you SKAMAN PAPEn COMPANT Joi. H Hfaman Vice Pruldenl Anniial Mfftlnra AMERICAN CAR ANI FOrNIIRVCO STOCKHOLDEns- MEETINO Tb?Bt0.ckhoAd'rH "' " Amfrkaii Car Foundry Company ar hrfby nntlfl'd Vlu, utht; ru'r .jnmial metlni of "h? Storkho!dr of a Id Comnanv will hi h-M at It. offlr... No 2 Wa.hln. on .Iw't'1 Jfriey City, N J . Jane J8. 1019. . 1 i 'rl-W noon, for the purpo.e of elMnir Board of nlrMlnrN nnrf rgn....ir '" SLJ.L"" ?," Jnay '"wrlir brouSnt before the meeting-. II R. WICK Seeretarv. Annuel Kteetlone aVKAUUvU COMl'ANV Central OfBre, Beadlnir Terminal rnuaaeinnia. May 20 lain .v..v .- ........J M. n'y. Slven that the annual election of tockholders of Iteadlns Company Jo elect nine Olrectore win take place "5 Rooin No. 4SS. neadtnr Terminal. Twelfth and Market sta.. In tbe City of PbUid.i. Mia. on roesaay, 4an a. isib, at twelve 'ciock nooo. . r order of the Tteard nf ntrertore JAT V, HAIIB. S.cretirr. Weldenda nmrK air DAY & ZiMill'JtMAN.V. INC, Kncloeere Sfanaiern flll-IUH Cheatnut St.. Phlla Pa The Iloanl of Ulrectora of Eastern Shore flee and Electrlo I'ompany has de..ared a tvlrfanrf nf one and one.half UUel - f cent on .the outitanJIns Preferred Oapltal ,, mock of the Company payable June Id. toil ' jo atoekholdera of record at Pie close of 1 bttelliere Mat 3th. IBlll, ' " ol DIVeilirFn .i.t y.,,. . ", ,v Jiuirt ri. AOur.niiAnn, Treasurer. nn mil in mnFCTiiKH h'v "t 'Y'KVitn. Ii7HM. !'('.. h-.e rt.inrj rBIipl I DIIIKCTOKK ITineiHI fiyf.t fin. HP, inly, m r rn-ora uay aim. 1019. ;si''. svujsaitu, jr.. Stvr. t rnilwa.vs inspired new bujing of Itronk lyn Itapid Transit and the Intcrborotigh issues. Interboiough preferred achieved a gain of more than - jioints and nil the traction shares were unusiiall.v 11c tire nnd strong. Mr. Nixon stntes that deplorable as the situation is. he finds it better than expected and thnt there must be no more receiverships. 1'nited States Steel, Southern I'nci lii . American Smelting and a number of other stix'ks, sold ex -dividend today but p.irtiall.v recovered this subtraction from their prices The bujing of Southern l'acilic was particularl.v noticeable, sending the stock around 111 to n new high. Heading wns another stroug split, but otherwise the rails were feature less though firmer than in the last few dajs. April earning statements of the carriers were very poor. Two new stocks made their appear ance on the stock exchange list. Famous Pla.vers I.asky corporation nnd Kmer-son-Hrnntiiigham. The Southern I'aeific Company gives notice that the conversion feature flf tbe 4 per cent bonds which was to expire June 1 has been extended until " p. m. next Monday. Directors of the Mer cantile Marine Company met this after noon nnd it wns lenrnedlhnt after the close of the market a statement would be given out concerning the sale of its tonnage. Marine preferred opened strong this morning, but ruled soft dur ing most of the session. Weakness in Marine preferred be came accentuated in the last hour, the stock selling down about .T points. Studebnker, on the other hand, turned strong, going above 1011 for n 5-point advance, Pierre-Arrow sold at it now high price, above (II. Pan -American Petroleum and Mexican Petroleum moved up - and tl points, respectively. The oney situation was unchanged call loans ruling between 4:i nnd per cent. The rapid overserlption to the $10,000,000 Itio De Janeiro bonds wis u very favorable sjmptom of the temper of the investment market, There were very few stock movements of, more than ordinary proportions. Mexican ,1'etrolruin, however, was bid up nhiirply and was the only fenture among the oils. Leather shares held firm. Crucible enjojed tho largest swing among the steels, virtually all the metal share holding close to yoderday's final figures. S I'urtlni ApronLitip. . Carwen Tool .... Carhnn Steel . . . Enierei.il I'hoi.nKraph llendee Mfu . . , Lake Turp H11.1t I.ehlsh oil .s.ile. . I.tma 1.1x0 N V Shipbuilding . . Nor Amer XAV Pulp . Otis Elevator . . Peerless .Motor Poole Enu Scrip!) linoih Standard Motors Steel Allns Submarine Tndi! Shipbuilding .. Triangle Kllm . . . t'nlied Protlt Sharing U S Steamship .. . 1'nlte.l Motors World rilm . . V rlsht Mariln Air Bid till, I . m, . r,7 sn n ia'i . pi a .1011 7'3 , 17 17 VI 'Is :t7 30 .111 IP, ll' 107 1'j - 1 IS r.sst Adnms Express ..V" Advitnco Humelv . P2J, Adv Ttumely pf... 70 AJax Rubber ... (rj Alaska 'O Mines. n Alaska Juneau ,, 01 1 Allls-Chal Mfff .. Sa Allls-Chal Mfar nf. n a. ?,Brl1cul t;nem,109 110J 100 109 ...11 iiniiHimio ... 41 40 4(1 40 vin ueei sugar Am Ilosch Mag Am Can Am Can pf ,. Am Car & VAv Am Cotton Oil . Am lrug Syndl Am Kxprcss ... Am Hide & T.,ea Am H & Ii pf , Am Ice Am lea pf Am International Am Unseed .... Am I.inseed pf .. Uf, Am Locomotive .. f-Hii Am I.oco pt ...,lf0't Am Malting .... :j, Am M 1st pf cod. fl.ti Am Smelt & Itef.S'J j m & 11 pr. ...107 Am Sugar lief . . l..Si VM)i U2 Am h iter pf ...I IK Am Steel IMrles . 38 3Sij ; IiSW Am Suma Tob ..lfn'J IMJS 1DSV 101'. Am Sum Tob rts. 4t 5'i 4.! l'l Am Tel & Tel ..107 U7" 107 '107 Am Tobacco 208JJ1MI 20 )J,' 'JIOJ, Am Tob nf new. 100 lOD'i 100 101 1 Am Woolen fc'J.'j Oi't S0H 97.'t 102M lo'i 17, CO', 70J; . S2U Kl), 82!i HI . 00j 100 t.S' 101 . CSJi 605s 58i 68'i .10.15, . . .104. ir.j'iai. 104 . 6S M)lf 68, 8- . 12Ji 13,"f 127, 13 101 Xi'i ,'ini 35', 37 121H 12;,12.1 HM'j 6 no? fiojj oo'i 73 73)i 73 73i U2." 03 01,' II2W ic'i 07 nt,' oft on WJi 85 CO?, 9P 3'j Wi 'si.'i'h'lH 3'j 82 ' , 133 ' T.ant close ,"Mi . 9 . us; . M 38.' 1 . 27 . 04; 4751 . mi Mii 12.U 22H Illsh f5 0 11H 5.TH 39 07 J 1 47J. 37W 54! i ' t-2'i 02M -!0',' 01M 110 2ftH 57 W.'J "sua ' 82 IxilT 54 8? J 11'i 53 S 39 tMJi 47H nr.; 64 Ohio Cities Gas Ontario Mining ,, Okla Prod & It . . Owens Hot Mao . I'aclflo Mall I'lio Tel & Tot . . . Pan Am Pet & T. Pcnn Itallroad . . Pcnn Seaboard S, People's ana Chi. Peoria & Ifcistern, Pere Marquette. . Perc Mar prior pf. 02W Philadelphia Co . 40 i Plei co-Arrow .... 59)i Plerce-Arrovv pf..H0 Pierce Olt Wit Pitts r C i St L. CS Pitts Coal 01!i Pitts Coal pf ... 08 Pitts & West Vn. 37!j Pitts & W Va pf. at Pond Creel Coal. 175 . . . Pressed S Car ... SlJi 81', Pullman Co 12(! 127 Puntu A Sugar .. 50 5CU Hy Steel SprlnK . 9J)j 03 Ray Cons Cop . . . 22'i lieiullngt vs,'i Hep Iron & Steel. SStii Hep I & S pf ...lOl.'i Itov D Am shares.115 Roy D N Y Bharc3.115U 110H lli'i 110i 22,', 01 SO 101'i 02 40!i 58 2.U 67 01H 37Ji S2 '81Ji 120 50 02 22', 80), S85i .l.no p m. 8J( 11H 53Ji 30 'wit A7H 37M 54 02' i Ann GO'i no 67 ta Zh I 82 "si; 12B.'J . ti Oi'i 22U 00U f.9 l'-4'S 104' llli'f 116 HM 15 23. . tO'j 18'i 52'i 70j 45Ji 17 60Js 70 AM, 17'f 52 , 70j 63j 70 111 55.' 79 Ul 10: . SS 107 Sl.'i 70 01 Am Woolen pf ., Am Writ p pf Am Zinc LA S., Am ZUS pf. Anaconda Copper Ann Arbor . . Assets Reallza . , Auso Dry Goods Abso n O 1st pr Associated Oil . Atoll Top & S I'MOJ Atch TkSP pf. e7' Ml Coast I.lna . Atl Gulf & W I. All O & W I pf. Baldwin Loco ., Baltimore) & Ohio Balto & Ohio pf Barrett Co Bariett Co pf BatopllJs Mining. Beth S Class B.. WU, ' 81' 80H 0T, Beth Steel 8 pf.H2.l4 1I2' H2ill2J, 10' 5t 7!) ' '.id' ; 101' 102B SS SS 10J 107 101 .101 .104 Ibl'j 1C1 74), .103 101' 113 103 . 54', 54.',' 61 51J, . 5s.'j 60' j 59 5)'j .V.VAa M0 13t'il3fi .115 110 118 110 dt Joseph Ixsad . 15 St L-San Krnn ... 22.T St L-San Kran p"f. 33 St 1. Swrn 22 Savage Arms ... 02 Saxon Motor .... 107 , Sears R & Co .Ml! Sears II & Co pf.120 Slinttuck-Arlz ... 14JJ Sinclair O Rcf .. 15H Sloss-StielT S & I. OIK Southern Paclflo .112.' Southern Rwy . . 3I, Southern llvvy pf, 71 Stan Mllllim- pf . 03 Stronibtrtr Carb . 62!i Studcbakcr Co .. OSJi 10; Stutz Motor 07 n9 Superior' Steel ... 61'a 52J-J Teim Cop & Chem. 14!i 14J, Texas Co 277 282 62! j 14Ji 22'f "lC!i C07, 04! i lit 32 05'' 04 111 31! 71 147i 22!-i 22'i "iKi 04H 112U 31M 54J-J j' 08 24!, Wit io7j i 10m 50 50 51 62 217." ' 29!' ' I' 27!, il' 13',' 51 OS 32' 70t 05.' , 9? 1 1U 27' i 27!f 6I'J I s- IV.' t 9' ni'j ti7 32i Mi 25' i 13' :G7, 27 f0'. (i7! 32' j Booth Fisheries . 21' Brkln Vd Klec . .100 Brook 11 Trail .. 27 B R T cfs of dep. 2.1' i Brook Union Gas. Olu, Bruns T & R sec. P.", Butte Cop & Zinc, Butto & Superior. Buttcrlck Co .... Caddo Cent Cal Packing Cal Petroleum . . Cal Pet pf Calumet & Ariz . Canadian Paclflc.lfi" Case (.1 I) Co pf. 99.' 10J Central Foundry. 22 Central Fdry pf . 49 50'-j 4IH. Central Leather . 05! i 90! 3 95 Central Lea pf ..HI.1 t'ertaln-Tccd P.... 41 Cerro de Pas Cop 15 41' 4-11 41' Chandler Motor .187 191 1SS 191 Chos & Ohio 1,7.' tiS'j G7H 07'j Chi Gt Western . 101, 10 10 10 Chi (! AV pf Wli 20.'i 29?! 297i nil & Alton pf . IPS C'bl Mil & St P. 45J, 4(17i 45 -IT. Chi Mil & St p pf. 7l'a 72V. 71?. 71". C'bl At K III pt . In' 10 9!3 9'i Chi & Nwrn 103 101'j 103'i 104V 73 63' 30 30, 29JJ 31 .' 82.U Kl e3 S 70'. TO',' 70'i 70! 4b IS 17' i 'IS 7(1 75 255. 25' i 2.1' 2 5'. 40', 407, 39'i 10 i AIM 49 47 -17': 297.' 63 f3' 61!i f3 7 111! .ir. !ll ' s ?.nn 1311 J I 2.1 -'2 1.1 r 81 as .111 .111 7 s 11', lin IS J I 3'i 00 4 17' 1'i JS 3"; ST.VMMItn on. .s-Tonts 1 S7 1 n asn .inn 30.1 3111 J7I1 L'RJ 7.10 7SS . 3S7 3t Ilhnotn Ulio Pratne Pip,' Standard Oil rallf Standard Oil N J . Standard Oil N Y . 7.11 3U0 Clll U t i: Pac P R I & P 7 pf. CI1U P O'fc Pf. C C 1' & St L. .. . (' C (' & St L pf. C St P M & O .. Chile Copper Chlno Copper . . . Colo Fuel & Iron. Colo Southern . . . Col Gas & lilec . Consolidated Gas.102 102! 102 10 1.' Con In Cal Mln.. 81, S'f li'i Si Continental Can . IC"-i 8C! So.'' 80's Corn Prod Ref .. Gtii G7T.' I'liJi 07. CruclblB Steel ... 81' 84'j 81!, Sl'i Cuba Cano Sugar. 3.1.' 30 1 3.1! 35' Cuba C S pf 827, S'J'' 82 Si.' Dela & Hudson .115 UG 115 110 Denver & Hlo Gr. S 7lj 71, 7S Den & Rio Gr pf. lO'i Dome Mines .... 14, . 19 . 30' , Ota .' 1(1' i . 441, . 79 . 35', . 82' i . 107?, ,20J' . 90 ' 21 . 77 .lOflSi . 72J." . 98'. lexaa cc I'aciuo . 01;, Tex Pac Land T.420 Thlid" Avenue ... 23 Tobacco Prod ... OS'. Tob Prod pf ....10iJ, Transuo & Will . . 67 Twin C II Trail.. 51 Underwood Typo. 18.1 I'n Bag & Paper. 875. Union Pacific ...137.' Union Pac'flc pf. . 73'i 1 niieu Alloy M... o2'j I Un Cigar Stores . 133!f 133! I United Fruit ....18o.' 18.1 I Un Rjs Invest .. 13 1.1 1 I'n Rys In pf ... 28 20'.- U S Cast I P & F. IC'f Jti'i 1 U S C I P & h- pr. 04 037, 1 U S F.i press .... 31' j 30 I U S Food Prod .. 79 79'i IT S Ind Alcohol .K2W Hit.' . 0.1'j G51. 06', ' U S Realty & lm. 43' 417,' in-P 103JJ 101',; U S Rubber 111 115 U S Rub 1st pf..H4 114 U S Smelt R & M. 09 G9.' II S S II & M pf. 40' 19TJ US Steel .... trs Steel pf ... Utah Copper .. Va-Caro Chem Va-Caro C pt . Va Iron C & C Wabash Wabash pf A .. Wabash pf B . Wells Fargo lOx. West Maryland Western PaclOu Western Pac pf Western Union T Westing K & M. 68 Wheeling & L 13. 1Q,' Westing Air B White. Motois Wilson & Co 897j 007,' Wilson & Co pf..l02U 10.5 Willys-Overland . 3S 39J,' Willys-Over pf .. lis 9- Wool (F W) co .128!, 120'f Wortblngton P .. 70' 70',' Wor Pump pt A. 90 ... W01 th P pf B . . 7(1 ... 64' ,' 107J, 08.'' 62', 14', 279'i 282 51i &lli 98 057. 5U. 14j 24 9S' 107Ji 50 61 05.' 00 95'i 138', 137!i i:,8Jj 10J 100 40'," 95', 73' 52J l2Ji 1ST. 127 ,' 20', 2(1', 03', 291, 7S ion, 44! 110 114 U9 49'' 10S'10S'j 107'. .110 llO.'-i 110 81 73' Urle Erie 1st pf . . . Urle 2d pf Fed Mln & Sm Fed M & S pf Fisher Body . . , Gaston W & W General Cigar General Ulectr'o General Motors Geo Motors deb Gen Motors pf . , Good (B F) Co , Goodrich pr Granby Consul , Gr Northern pf 1 J N cfs for ore p. 4G)j Greene-Can Co... 13 Gulf States S .. 74! Gulf M & N pt . . 30 Ilartman Con' 79 Ilnakiill & Barker. SS' Illinois Cen 1C-1 10Jf. 101'i 10C Inspiration Cop . iSJ 59 oS oS's Interborough Con. 7 S'4' 7.' 8. Inter Con pf .... 27 29" i 27 29 Internat Agrlcut 5 2G 80 131 133'i 13U, i:ii;; 47.' 47! i 45 45, 124)il2L), 1'20'a 122 28, L8'i 28 , 28 i 60 10'i 10 lO.'i l.Hi ll'i ll'-i l'l', 19 l' 31!, 30!' 3J" ttrt OO )0 lo'i Hlsi ftl'i 43' 43-.1 43.' 80 79!, S) 30 35! 3 5T 81 82', S2-i lGS.'a IBS lOSh 210 03 2091 "ol 91 91 7S4i 7G 7S' im K0 100 721J 72!i 72', 1)9' a 9SJ, 99.', 47 10' 40 W 4I-'j 43W 13) 71. 7.C 74', ' 81 '83 S3 69! i 69 fill J 80! i . 73! i .113'., .sJ2 . 117 . 3G7 . 23 . 0 V . 13 . 22J, 5G 92 SO 73' 74 ' 12 3ti 23'i 08' i 13' i 22' j 65! J 917, 68 10?' 73 11!.' :ku; 23'i 07'. 13 o 65! 9 Hi 57! , 10'. 73. 63! ; J33! 185 12'. 2G.'a' 2ti7, 03', 291, 78' 105',' 447. 115 111 09 497. 10SN 11'7-j 80J. 73.',' 74 12 30'-j 2.1 ', 08), 13 56' 91'. 67' 10 114 114)," 111),' 111H 697. (i0 69',' 0U, Si'. 90 103 103 37!. 39Ji 97 97 128j 129f 70) i 707,' j Philadelphia Sloclts Net lllah I.OW Cloae chje. ()() Alll Mill. II n n .. 100 Raid Loc.104 104 104 Vi. 10 do pref.lOfltj 100V4 IOQVj-t- 05 11 &S t c Z,2Vi Ti2 ri2Vi 100 lrill .T O 47V4 40 47 94 100 Cam Iron 40 40 40 . . 1 chor &m no no mi 200 Chile C :.M ',& 2.1 2r, 435 Klec Stor 74 7.1 V6 74 I l.'KITi Oen Asph 70V6 75 70 2 1220 do pref.114 111 113 1 22 I C .V A. 32 32 Vs -TJ . . 1250 IA S Cor 20 20 20 114 Leh Nav.71 70 70 1 33 Leh Vol. w rn 50 200 X Y Cen 83 83 83 Vi 415 Pa 11 II. 47V4 47 47. . 40 Phlla Co cum pf. 35 35! W 1,6 100(1 Phil Kler 25 25 25.. 4442 V H T te 27V 20' 27Vil 100 I V IMc 1)7 07 07 .. lOIleadlnu. 00 00 1)0 t'B 10 8tudcbkr.103Vd 103'j 103Vj4 400 Ton Rel. .1 3 3 250 Ton Mln. 3 3 3 105 I'n Tract 41 41 41 1 352 I! ( I... (10. 00 (10 000 IT S Stl.108- 107'j 10S 1 092 W Cra'p.137 133 135 2 IJOMIS Net -...- . Hth Ixjw Cloae chce. VISOOAm CJns &KI5s 80 85 S5 2 1000 City 4s 1040... 1)0 0(5 0G .. 1000 Kl & l'o Tr 4s.. CSV, 0SV4 OSVi H 50 Lib Bond 2d 4V4H 05.(10 (15.00 n.1.00,50 1000 3d 4V4s n.1.l)4 05.04 n.1.04 .0(5 1050 4tli-l4x 05.44 n.1.10 115.10 .00 50 2d 4s.. 01.50 01.50 01.50.. ipOO Victory , 4s... no.no nn.no no.no.3o 1000 Xnt Prop 4-0s... 30 30 3n 11 2000 Tenn Co temcts. 05 05rs n5 Vn 11000 Phlla Co con 0s. SO SO SO ' 1st 5s.. 100 100 100 1200.Ehil Eire 1st 5s.. 00 05 05.. 1000 Ileadinc Ter ns.lOl'i; lOl'j 101U.. 1000 AVeisbaeh inv .is. ns ns ns.. Net Income of P. R. R. Increases The earniiiRS statement of the .Penn sylvania Railroad lines east, ivliicn came out today, shows increases in Rross re turns and net operating income over March. Gross for April wan $28,413, 201). against $27,514,300 In the previous month, while net operating income was $1,350,041. as against $080,442 iu March. (Iross was larger than April, 101 S. but net operating income was smaller. 0 40!i 85J, . 23'i 39! 23 . IMIKPHNDRNT Oil. !TOrK. naniftl Oil & Qaa . . .'. . ' ,-, 1 ominoiiwalth I'osden & Co . . . . nik Hasln Fedi-r.il Oil . . . tntirr Petrolpum . . . Houston Oil . . . Merrill On Mldwput RrAnlni Mt ivtroleum Ohio Kul Sapulpa Kefinlni; . . Swiuoah . .. Slnrlair ... . Iiitanil . . ... Olenrock nic Ledae RoMton &. Montana . Uutte New York Ton Arizona . . . C V S t Jerome . Flrat National (Joldflelii MerKCr . . . liolitfletil Cona UoMrteld Klorene. . . (loldfleld Ivevvanaa Ilerla Minlnar Howe Hound . . . Independence l.ead .. Jim Ilutler Jumbo Kxtenelon . . . MeKlnli'V-Oarraali . Mother Lode Mlnea Co of America Nevada llllla . . . Nevada Wonder . t NIplBSltlK Ohio Copper . Hay Hercules . r I Hall Toy . . ' lonopan r.xienaion United Verde Weiit Knd Con White Capn Yerlnaioa pirea. s M Cotton steadied after early heaviness. while, corn wan weak. Foreign exchange W ,l"pt ""d slishtlj' cosier 4'J'J no 40 im, Il, 1(11, 3 a'i 3'. 31' 9 32 3IJ 13.'. 1411 14(1 31 8U 3P, IS7 1SII IKS 3 3'i 3. 2H 2"i 8 1) S'i cn nn'i no ' R' sit 7. 7'J 7'5 )CKS 70S 72'' To" .?: A 1 .: 1 n 18 211 IS 4 f.3 M 4Vi r.A r.jj r.s r. 7 37 3S .IS 13 IS 13 :.k no 111 40 11 a A '' 3 . n .' 7r, 12, 12'; 12 ' s4 in 12 -V. 3" -" 37 3M 2. 2H , IS 20 IS , 0 7 .. BONDS Ilethlehem 7a Co.H-n Oil Ka Coaden Co 6. . I uualiy .ria Ilumlan (lov n'-4 . ItUMian Oov RV, a ... Hiiuthern Hallway 5a . . Sinclair Oil a. . .. Tol hlpbulldlnir fta ?. 102" ins ins ..102', .lie .102 . .102',i ins . . .11 r. . . BO H3 . . ntiti iiii, ..110 ..104 107 r.i 67 U. 8. to Sell Much Meat ) Washington, May 20. the War De partment's surplus stocks of meat total ing morn than 100,000,000 pojindg will be offered for sale In America, i2o? r.o 50 50 U4j M 00 J 15 ' 5sJ: Internat As pf lnt'jr Ilarv new Inter Her Mar Inter Mer M pf Internat Nickel Internat Paper Inter P pf stpd Iowa Central . Jewel Tia. Jewel Tea pf . Ivan City So . . I.-... u .TV jr. f'rt tn.l Kelly-Sprlns T .12h)i Kelsey Wheel ... 58 Kelsey Whefl pf. 00 Kennecott Cup .. 30.' ICeystono T & It . Ul lick Steel Mii Laclede Gas 00 Lake Kriu & Wes. Ill Lee Rub & Tire . 34)i Lehigh Valley ... 50!,' Liggett & Mjers .210 : Lip & Myers pf .111,',' Ixose-Wiles Bis . 57 Ix)Ose-W B 1st pf.1021 Lorlllard P Co ..10')H 181 lrlllard P Co pf 110 ... IouIb & Nash ... 121 ... Mackay Cos pf . . CM),... Manhattan Kiev . 87 87) i Manhattan Shirt. 118 117 Maxwell Motors . 49 50' Maxwell M 1st pf. 7Gj 7"i)i Maxwell M 2d pf. tOJj 39)1 May Dept Stores. 08 071 Mexican Petrol ..183); IcO;,' Miami Copper ... 27H 27. Midvale Steel ... 52.9i Minn & St L new. M)i Montand. Power . 70 Mo Kan & Tex .. 03 i Mo Kan & T pf." 21 Missouri Pad Co . 33 Missouri Pao pf. IC.'i Nat Acme 37 Nat Ulscult 124? Nut Con & Cable. 2UH Nat l.'n & Stamp. 08! i Nat Lead , 70U New Or T & M.. .1014 Nat It qf M 2d pf. 10 IMev Con Col .... 17Ji H Y Air Brake ..122 N Y Central . 82j N Y Chi & St L. . 32IJ .V Y Dock 32 N Y Dock pf ... 62Ji N Y Ont & Weo.. 22 NYN1UII . . 32J Norfolk Southern. 19 ' Nor & Western .11 lit 110 North American . 57 Northern paclflo. 09 Nova Sco S & C. 71 MONEY-LENDING RATES NKW .YORK. Money on call, mixed collateral, opened today at 5 per cent for lending and renew ing. On all industrial collateral, the opening rale was .Tg per cent. In the time money market a fairly free supply of funds is reported but comparatively light demand. Business is being done on industrials at 5 per cent for sixty and ninety dnys. In prime mercantile paper the west is reported to show 11 good market, but locully the inquiry is only moderate Discount rates are unchanged nt 5S?; 5 '4 per rent. Prime bank acceptances moved nar rowly nt unchanged quotations of 4tk C4VI per cent for prime members and 43.8 W-1 A per cent for uonmembers. Call loans on this class of documents stand nt 4' per cent, as for many weeks past. PHIIjADKI.PHIA Call. W per cent; time, rul per cent: commercial paper, three to six months, 5,t5,,.' per cent; six months, 0 per cent.. C0' 50,' 5l'.'i 1' 3!) ', 13 fct 39 23 i 127 50 37 U3)i tin 63 IDS 31 59), 210 i "58 I '169 87 now 48 70 3S1, 97 181 27), 52.U 14W 31 01 215 58H isj FOREIGN EXCHANGE New York. Maj 20. The foreign ex change market in the early dealings' to day wns nImot generally lower, but the quotations were regarded ns largely nominal." Tn some eases declines com pared with yesterday's bpenlng figurea extended to 0 points. Quotations were: Demand sterling -MRa., cables 14,04. Frunc cables 0.44, checks (1.40. Lire cables, S.40. checks S.42. Swisscnbles 5,15, cheek;, 5.M. Guilder cb!c ."tO'i. checks 30. Pesetus cables 20. OS. checks 20. Stockholm cables 25.30, checks 25. Christianjn cables 25,20. checks 25. Copenhagen cables 23.50, checks 23.:iO. There were variations of 2 to 4 points in quotations us furnished by various international hankers. Ruble notes were uomiuui and un changed ot 12i-12U. 87 1 ins 50) i 'ilh 39 97 lc55' 27H 521 14Jj Ui P.'' 93-, 33H 57 18 "2. 'si 37 32!-; 57 37; ;).')) 57 37.. 2UJi 2W.' 79), 30)j 80) 37 IS 17,'' 18 120). 120) i 120) i 83, Kl S'J 31), 31 J," 31,',' 32 31,'i 32 23 13 20 23 23 32i MM 20 20 109H 100! mi'vsH Ywit "ibit 76JJ 7f.'( BANK CLEARINGS Hank clearlnza today compared with cor reipondlliK day laat two eaia; llll 1H18. 1017 UPhlla Ill8.01111.334 Holiday 1.18.018.443 Hloaton... ROMISH.44H Holiday 4I.SIIU SM-, N. York Bii.i.uni.i.ii jiounay 711,428,041 llalllmore 12,044,7.17 Holiday t.H2ll.n.11 Banker Proposes Fair for Buyers Charles S. Calvvell, president of the Corn KTrhange National Dank, iu the monthly publication of that Institution, culls nttention to the fact that Phila delphia has in her Commercial Museum the best bureau outside of the Depart ment of Commerce, nnd that this city is the greatest manufacturing center in the country. He suggests that an an nual fair for bujers be held at the mu seum such ns is held nt L-sons, France, where bujers frequently contract for their needs for a year ahead. Conference on Russian Bonds New Yoilt, Mny 20. A conference of bankers was held at the oflice ot J. 1'. Morgan & Co. 'Wednesday afternoon in regard to the $50,000,000 Russian bonds, which mature June IS next. It is likely n protective committee will be former to look after the interests of holders of these bonds. A subcommittee nt three has been nppointed to consider the matter and nn announcement is ex pected soon. riNAxriu, MMvlNtl Ft Ml i-t'ncii.vsr. OK I'KNNSYI.VANIX KLKCTUU) COMPANY Five Aear 7,' herureil 4old Notes Notice is herehy slven by Bankers Trust Company, Trustee, under an Indenture of Pennsvlvanls Klertrle Companv. dated July 1. 1018, to Hankers Trust Company, as Trustee, securing the Five Year 7 Secured Gold Notes of bald rennavlvanla Ulectrte Companv. that on Julr 1. 1010, pursuant to such Indenture, there will be available tn the stnkin? fund undpr satd Indenture the sum of ll't.OOO for the purchase of said notes, atld the Trustee hereby Invites sealed offers to be submitted to tt on or before three n'etork 11. in. June 10, 1010, at Its Trust Department. HI Wall Street. Borough of Manhattan. City of New York, for the sale to it on July 1 1010, of such notes. Ht prices to be named to such offers, provided, however, that no offers will be accepted which will he for a sum In excess of one hundred and ono and one.half per centum (lnlHr) of the principal amount of such notes and arcrued Interest. From the notes offered in response to thin notice the Trustee will accept such notes as are offered at the lowest n'ices. not exceeding one hundred and one and one.half per centum (1014 cj) 0f u,,. rinclpal amount of such notes and accrued unreal 10 nn am aa nearly as mey in NEW HIGH RECORDS SCORED . BY SEVERAL LOCAL STOCKS General Asphalt Common and Preferred and Cramps MaJcc Wide Advances P. It. T. Ccrtiffcalcs Active Stock trading was on n broad scale today on the Philadelphia exchange nnd several usual leaders came into piotnlncncc by showing good nc'tlvlty nnd makings wide advances to new top records. Changes In prices, however, were Irregular, but most Important movements were to higher levels. Interest largely centered lu General Asphalt common nnd nrcfrrred. 1VH. Ham Cramp trust certificates, Rapid Transit certificates nnd Lake Superior Corporation, all of which were nctlvc and stronj. Asphalt voraaon rose mors than 2 points to 70V& nnd the preferred advanced 2'. to 114. wnllc Cramns was up as much ns 1 td 137, all three quotations being new high records. Hut profit-taking caused sonic reaction from the top. Although it was announced that nothing definite wns done at yesterday's! iicctiug of Cramp directors, the Street Is expecting some important news in the early future, with the probable listing on the New York exchange gcnrnlty antlrlnnted. Transit certificates were usually active and gaiLcd fractionally, while f.nko Superior Inoved up k. I.ehlgh Navigation wuh slow, but yielded 1 joint and United Gas Improvement lost a fraction. Philadelphia Klectrlc was mndemtelr active and firm. ' v Pennsylvania Railroad wns steady and Steel common followed lis ennren In - vcvv iorK and advanced. Bond business was without important feature. - - Gross earnings of the Norfolk nnd Western Railway in April totaled S0.1K0.- 010, a gain of $153,588 over April, 101K. The net operating income was $044,- 33., a decrease of $8.18.00.. while in Jlnrch of this year it was only $8S4,514, the April figures indicating fair Improvement. mount sufficient to exh&unr sy be. aaid sum of S4.Tnni. Notices of acceptance .of orfers will' b mailed on June 11 1010. to the makers ot sucll offers as are accepted at the addresses desnrnated by theni respectively. The notes so accepted will he paahle at the Truot Department of the undersigned Trustee lm July 1. 1010. at the rcapeulve prlcea offemd to anil accented hv the Trustee, too-ethdr with arcrued Interest, provided sufficient funds for the pajment thereof shall have then been nald to the Trustee by the Tenn Bjlvanla Electric Company. Accepted bonds when delivered should be accompanied by Federal Income Tax Owner ship Certlflcatea with respect to the accrued Interest. Dated at New York this 20th day ot May. mm IIANKKim TntlNT COMPANV. Trustee. ny 11, r. vviison. jr.. vice I'rcaldent. HINCI.AIIt CHILI' CORPOKATIOV I ?votlre. that bonds may he Immediately presented for redemption tlcferrlae to notice dated jtay 10. 1010, ' and subsequent dates, relating to tho re demption of the First I.len Ten-Year Con-1 vcrtlble Six Per Cent Gold rionds nf this Corporation, notice Is hereby given that ar rangements have been made to anticipate the . redemption date heretofore fixed und to re- ' deem all of said bonds forthwith or aa the ' same may bo presented. Accordingly, upon , the proper aurrender of said bonds to Rank ers Trust Company. Ill Wall Street, Ilorough of Manhattan. City of New York, and lu tho 1 case of coupon bonds, of all unmatured cou pons appertaining thereto, the aald bonds will be redeemed at 110 and Interest accrued thereon to date of presentation, provided, t however, that no Interest will be paid beyond June 18, J910. I llwnershlu certificates eoverlni ofiu.A . terest to date of presentation must accom pany the bonds when presented for redemn tlon 8INCI.AIH CIUI.K COIIPOHATION P By K PORTKIt. Assistant Treasurer. Dated May 22d. 1010. illlllllllllllllllllllllllllllltlllllllllllllllllllllllllllllllllllllllllllllllllllllll!llllllllll' 1 Any Overproduction in J I Your Tool Making Plant ? ,Then go for this business. Argentina and Brazil bought 5 $500,000 worth of wood work- ing machinery annually before 5 1914. Most-of it was made by Kirchner, of Leipzig. Germany 5 also sold Argentina, Brazil, Chile and Uruguay $1,500,000 worth of machine tools annually before 5 the war. The metal working E machinery, (planing, mortising and drilling machines, 'also lathes), came mostly from Rich- ard Hartmann, of Chemnitz. E Germany sold Argentina $2,- 785,000 worth of miscellaneous E iron and steel machinery in 1913, f 81 locomotives, valued at $671,- 000 and 46,407 metric tons of s steel rails valued at $1,791,310. Who is going to get this busi- E ness? Ten of the largest British ma- S chine tool makers have com- bined their foreign selling into an organization called, The British Machine Tool Makers, Ltd. Let us tell you about it. The Bank for Foreign Trade is 1 the ' Corn Exchange National Bank 1 PHILADELPHIA Chestnut at Second iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiir. EXECUTOR TKCSTKK CIIAItTRRKD 1858 FIDELITY TRUST COMPANY' Member federal Reserve System Capital $5,000,000 Surpltu $16,000,000 Main Office: 325-331 Chestnut St 43-53 S. Fourth St ADM1MSTBATOR (11) Broad Street Office: N. E. Cor. of Broad and Chestnut Sts. aUAKDIAN The proposed consolidation of fine ,. independent refineries operating in close prox ithity to this Company, discussed in our Pamphlet K-3. Copy sent on .. "onest Continental Refining Common Actively traded in on New York Curb Contult your own broker nUNHAM&tl tnveatment Securities 43 Exchange Place Now York m IS . ERNST SRNST TAX SERVICE AUDITS and SYSTEMS PHILADELPHIA 2023-2024 LAND TITLE DUILD1NC. Telephon-Ucutf268) NEW YORK PITTSBURGH TOLEDO HOUSTON BOSTON r 8T. LOUIS CINCINNATI DALLAS BUFFALO CHICAGO CLEVBLANB DETROIT MINNEAPOLIS A J n x 3 '"! 1 1 JHl SfkV ""-- '$ Wf ' kH i it'' i t & -5,Ui- ft f. - -&i r! V S! WL5.S m
Significant historical Pennsylvania newspapers