! -7T U ' S1tJ iv...; K , r rti II- .. K', "v i 'K & K r:-? Kl i K- r pt i 1. I tfri fis P lWl, JYi.. t 11' CAWTALS500,000.00n ,..: v B (SURPLUS (EARNED) 11 '& ft 52oooooO'00 Jl LEDGER WTTTATTnLPHtA": iTTtfelSAV.v: "feAv 1920 ' " EVENING1 PUBLIC LEDGERlPHII)AI)ELPHtA:; WESftAY," M.Y X 1920 TOTi kW ifu r yeu consider how the interests of yeuhcirs may be beat served nnd Iwfcgjuarded you will chooao a ittonir Trust Comnanv as the Executor and Trustee under your Wljl-fa Corporation chartered by .the State of Pennsylvania, super- 'vlscd Jay the State Banking Dc- rmrtment and examined at regular periods by the Examiners of the Orphans' Court. We cordially invite you to con sult our Trust Department oflicials freely about your Will and to con sider the advantaRcs of appoint ing this Company your Kxecutor and Trustee. THE NORTHERN TRUST COMPANY FURTHER RALLIES IT AN n-. a NEW YORK STOCK EXCHANGE TRANSACTIONS p't .' , 9 UNITED STATES GOVERNMENT ' LIBERTY AND VICTORY LOAN BONDS We buy and sell Liberty Loan and Victory Loan Bonds on commission at current market prices. Denominations 330, $100, $500. $1000 Edward B.Smith & Co BANKERS ' K8TABMSHED 1P2 iltmbera .Veit' York and rhiladclpha Stock Erchanars rilll.W'Kl.l'HI 111 I t'hr-tnut M. SEW URK i;."TOV NRW MINIKIN XI.I.KNTtlWN Trading Was Quiet, With Little Evidence of Any Public Interest New York, May 4. The t-nlm which imlnlly follows n period of violent tlm tuntiouH settled over today's market with the trndlng qutrt nud with few sign1 of public interest. There- ww no trace of lincaiincs. maiiifetcil in tin' reactionary movement yesterday morning denitc the fiiet that overnight advice bearing-upon the Industrial ltu ntiotj were not calculated to inspire IiiiUMi confidence. The demand, how ever, from the over-extended short in tercut was sufficient to keep the head of the market to the windward during the most of the forenoon, although the movement in eouenueiice, wris rather spott. It was simply nnd purely a trnder' mnrket. mid miirli of the hul- ress merely represented the adjustment of the room contingent Hopes that yes- i tenlay's sudden Hop in call loan nye from I) to " per cent foreliadowed easier inoney condition were blasted in the renewal rate for call money at S per lent. This into remained during Uie 1 greater part of the day simply bfenue ! the diuuand wax ei light. The Mexl 1 rim situation 11K0 invited further cau tion. Snasmodic rallies, however, were made until the appearance of renewed bearish activity against Mime of the pool specialties, then the lit began to 1 molt ulnwlv Independent steels, especiall those mentioned in connection with mercer plans, continued to dominate the mar ket during the earlier trading. The equipment", motors, shipping and sugar shares made a good showing and were materially higher. After a brief set back, the rails also strengthened under the lead of Heading, which soared over I. points to S". The investment issues of the rail divislou gained 1 to '2 points, nnd minor issues 1 to !. The move ment had its inception on the pros pect.x of a substantial advance in freight rates. Crucible Steel and General .Motors sustniui'il the brunt of the mid- day bearish drive, falling back -I nnd 5 poiuts respeetiel. Other lenders were carried dowji 1 to i! point", the . decline being accentuated by the con- ' tinned heaviness of the Liberty bonds, i The :t'.js nnd third 4V4 recorded new ' minimum quotations. The trading be came etrenielj dull on the reaction, indicating little pressure other than that I'linititllig troiu the professional traders U. G. I. STRONG SPOT OF LOCAL MARKET Bales 300 10O 400 C00 100 too 900 200 000 too noo 300 S00 300 300 SCO 00 ItOO 6100 sou tsoo 3300 300 3100 1100 COO too 000 3100 4X00 too oo 1400 900 300 1900 300 300 noo 700 Dlv, In High ,. Auams express ..., 33 . . Advance Ilumely .... 30T4 a Advance 'Tlumcly pf.. eaJ4 8 Ajax Itubber 80 ft .. Alaska Juneau O M.. Zi .. Alaska Gold Mines... 1J$ .. Allls-Chalmora 3AK . . Allia Chalmers pf . 7 8 Am Beet Sugar Ot H 10 Am Bosch Masncta. ..10 . . Am Can , 4t 7 Am Can pf 81H IS Am Car A Fdy 134H 7 Am Car A Kdy pf . . . . 110J4 4 Am Cotton Oil 4.1ft so Am Drug Syn 13H .. Am llltlo & Leather.. 30 7 Am Hldo & Leather pf.100 0 Am Interna t Corp...i 80 Ji 3 Am Linseed S3ft 6 Am Iyocomottvo 05 H . . Am Safety ltazor J4K . . Am Ship & Com 33 4 Am Smelt & Hot 60J5 7 Am Sugar Kef 130 J4 3 Am Steol Foundries.. 40H 10 Am Sumatra Tob .... 8K s Am Tel & Tel Oi 5 Am Tob Sec temp efts 89?4 7 Am Woolen ..' lttft 7 Am Woolen pf . . . . . . 100ft . . Am Zinc Ind & Sm.'. ISJ4 4 Anacomla Copper S7? 4 Asso Dry Goods 40 Associated Oil llu 0 Atch Top & Santa Fc. 70 a Atch Top & S Fo pf.. 73'i , Atlanta Birni & Alt.. 0 7 Atlantic Coast Lino... RH 10 All Oulf & W I S S.lfiO 3330O, 3.50 Baldwin Locomotive .118?; Baltimore & Ohio ... 3.1;, Baltlmoro & Ohio pf.. 44 Burrett 134 Uatopll.iB 'Mining 1 Bethlehem Motors. ... 34 Bethlehem Steel 04U Bethlehem Steel U... OMi Booth Fisheries' OJ, Bklyn Hapld Transit. 13H BUlyn It T ctfs otdcp 8ft Brown Shoe 117'i !! A' Short Term Bonds To Yield from 7 to 8 We own and offer the short term bonds and notes of eleven of the best known and most conservatively managed railroad, public utility and industrial corpora r ttons. Send for lift D-7-1 CHANDLER GOMPANY .t IIIWIIUHI Franklin Bank BIdg. Philadelphia Now York Itnslon Now llnrrn ISultlmore Official Assurance of Main- tenancc of Qividcnd Sent Stock Up Over S2 The animated advance of over $U in t'nited Gas Improvement to -Hll was not only the mershadowing feature of the local market, but was also one of the mot encouraging developments ex perienced in many months from a local viewpoint. I lie rebound unquestion- i ablj was influenced to a large extent by ihe official assurance given the stock holders at the annual meeting yester- ...... ', Illl Illi. I ,11 (It. Ill .' ... III.' ll'"-1 lib VJ per cent, dividend rate on the common stock. The hopeful views expressed by Mr. Hodine ns to the company's future position was also gratifying, nnd did much to restore confidence in the in trinsic vnlue of the company's securi ties. Dealings in the other local stocks were without feature of interest uud continued on the same small scale. Price changes were somewhat mixed, but all weii" confined within narrow fiaetional limits. I'lectric Storage Ituttcn recovered part .of yesterday's reaction advancing to 120. l'hiladii phia'leclnc was ugain on top at the luw figure of the receipt movement at "I1". Lake Superior was Vj higher at l.TA, but recehed little attention. 1'rnnsylvouin Kailroad was taken in small amounts up to II. In the remainder of the list transuc- ttions wen of a er. small calibre, but bv reason of the extreme narrowness nf the marUu rather wide fluctuations were made I uiteil Kuilroails of Ne .Ieri'j uu off !$-.."i0 fioiu previous sale, uliile (jinnt I'ortlnud t'cmcul was up si -" nt ."Vlt from the Inst Mile. Phila delphia Traction, on very limited offer- ings. del-lined M to ."H. ueur tliu low level touched. Small sales of Insurance . Co. of North Americn receipts ($10 paid) were made at 1"', or $1'.75 i off from tin juevious quotation. Penti- i 3700 100 400 300 700 i00 31301) 100 100 too (400 300 400 COO 300 too :ioo too (100 3500 300 3000 .100 '00 r,oo 100 1000 noo r.oo noo 10100 l 700 ' 300 700 400 100 SOrt 100 io IflOO 5101) 13100 300 too 000 1S0O 1000 1000 8000 1300 3300 100 Sulla 10M 00 1 00 anon ;oo 1309 1301 100 000 tooo .son too 1100 MOO 3700 300 ."100 400 (,00 100 800 130(1 inn too 100 1000 101) IflOO 100 10.1 r.'OH too JUU I III I sort OHO 400 Brown Shoo pf Butto Copper & Zinc. Butto & Superior Cop. Caddo Central O & It. California Packing . . . California Petroleum. California Petrol pf. 9.', 0 !3 7 H 77 31 U 67 Si 10 Canadian Pacific ....117 S Central Leather 73 4 C'erro do Pasco Cop. . 4 10 Chandler Motors 148 Vi 4 Chesapeake & Ohio... 5VA . . Chi & 13 III lj T ctfs. (1 .. Chicago & Gt West... Rft 2 Chicago & Gt West pf. 31? .. Chi Mil & St Paul 35 U .. Chi Mil & St Paul pf.. Jt 8 Chi Pneumatic Tool.. 89 7 Chi ft Northwestern.. .80' 4 . . Chi It I & Pnc 3?8 0 Chi U 1 & Pac 6ro pt.. 01 7 Chi It I & Pac 7 pf.. 71 Chile Copper lO'o 1.30 Clilno Copper S'J'-j .-. riu cin Chi & St L pt 3! 1 Coca-Cola 35 3 Colorado Fuel & Iron. 30 I Col & So 1st pf 4s a Columb Gas & Klcc... 5' 1 Col Graphophono .... 37 . . Col Graphophone rj.s. 1 i! Consolidated Cigar... 01 - Con Clear pf 79 2 Con Interstate Cal M. 14 ! 4 Consolidated Textiles. ZnU " Continental Can 01 1 Continental Candy ... 13 4 Corn Products Ref... 98H . Cosden & Co 41 13 Crucible Steel 140 7 Crucible Steel pf 00J4 to Cuba Cano Sugar fi3 Denver & Rio G pf . . . U?i 1 Pome Mines 10 7 Kndlcott-Johnsn pf. . SS'-i .. Krle 13Vi Krle 1st pf '.'? a Famous IMayers-L .. 71 ?a 3 Federal Mln & Smlt pf 39J4 li) Fisher Body 138ft 3 FIsk Rubber 32ft . . Frcuport Texas 23 .. Gaston Wms & Wig.. 13 H 7 General Cigar deb pf. 84 8 General Klectrlc ....144- . General Klectrlc its.. ITa 10 General Motors 29G 0 General Motors pf... 70' 1 General Motors ctls.. 'M (I i It-neral Motors deb. . . 71U 0 Goodrich B F 0? .30 Gr.iy Davla SSI'S 7 Gn--.it Northern pf.... 75? 4 Ut Nor Oro ctfs 35ft .. Green Cnnanoa Coo.. 39!& .. Gulf Mobile & Nrr .. 14 . Gulf State Steel 87 ft 4 Haskell & Barker Car 04 Hendeo ctfs 37 1 Hupp Motoi Car .... 10ft 7 Illinois Central &1ft .no lndluhcm.1 Kef i Inspiration -n (.op. Interboro Con i'oru. . Inn r Con i'itp pf . . . li 1 nt 1 Ilarvc-iur New. lnt Mer Miir.ne li lnt Mer M.inne pf . . lnf Mo TrULk rts . . . , 3:30 Viet Low (NYtm) Chu. 33 36ft 03 ft ? 2ft lft 35 ft 75 03 109 41 01ft 133 110ft 44 t:5s ioft o ft 80 H 83 84 I3K 33 ft 69 H 130 ft 10 88 ft 04 ft r.7 ion loo ft iflW 57 37 H 108 7714 73 ft 38 87 ft 148 itnft 32 ft 44 123M I 33 ft 03 ft 33 o;. 12 ft 8!. ltr, BS IJ'.i 77 31", 07 ft 110 ft :ift 40 140!i 52 ft (1 8 il?4 34 49 ft 87 80ft ::3? CO ft 71 ICft 32 C.3ft 34 ft 30 4S csji 35 ft lft fl0i,4 79 14 ft 37 ft 00 ? 113, 05 41ft 135 00 ?4 30 10ft 10 in ft 12 194 70 38 ft 128 ft 32 21 ft 13H 84 143 ft li 290 ;o'i 29 70? CO 21ft 74 35 ft soft 13ft 67 ft l!3 37 18?4 83 ft S 33 s 3 38J44- Jt 0ft .. 60ft ft 3ft ft m- ft 35ft .. 75 4 Sft 100 414 H 133 ',. noft- V- 48W M 13H- ft lft ft 00ft lft 0ft lft Mft ft 04ft ft 13ft 33ft- H 0ft ft 130ft VA 40ft J4 88ft .. H ft 57 - ft 110ft 100ft .. 18J ft ft ft 40 lft 110 2ft i8ft 1 ft o ?4 8S lft 130 2 118 -t 33ft 1 44 ft 124 3ft 1 23ft ft 3ft ft 94J4 3 ft A lift- ft Rft- 117ft lft 952 8J4r- ft 2 H 17ft- ft 771 31ft- 07ft 1H 117 ft 72 9, 40 T4 140ft lft 53ft 3 0 lft 8ft 3154 H. 34 ft lft 50J4 If 58 3 80ft , 33ft t?, 011 71 10K H 33 . .. 03ft- lft 35 J 30 ft 48 - 2ft 59 35 ft- ft 1 .. 00ft A 79-1 14 ft ?, 38ft- ft 0J ft 13 - ft 90 ft 41ft ft 139 - 2ft 00J4 ft 503 J- ft 1134 1 10 08 ft 12ft4- ft lOft- 38 7l9t-r 13 3Sft ft 128y4- 234 32 H 21ft- ft 13ft ft 84 143 ft-)-, ft Ha 200 1 70ft- ft 20ft- ft 114- ft OR 74 33 ft -29ft 14 " 67 ft t 03 37 111 .. 85 ft -r R :iH 'i ''' 12 1! 13 -I 20 ft r no ft 4. 32 ft 33 3 J 4. 81? 84 S4ft 4 4 4 - Sales 800 4200 300 400 060 1800 300 0300 200 300 1200 600 100. 300 300 1000 300 800' .00 100 800 4300 300 1700 5300 .100 1500 1000 100 too 400 100 100 300 200 , 100 2tQ0 200 150 100 100 500 000 000 200 1000 1000 ICO 300 COO 10300 3400 200 7200 1100 100 1100 1UII- 9300 1800 200 VOO 800 140) 200 3700 700 30200 200 too 500 32100 15500 200 too 8000 1900 400 too 1100 200 3500 12200 890O 2300 300 05 1200 200 1300 23300 000 1100 8400 3800 900 1300 300 (iOO 1900 too 100 1000 10500 300 500 3800 500 4700 100 100 39100 200 ItOO 20! 00 ion 300 800 100 300 400 000 200 200 500 700 700 8800 300 500 Dlv. In International Nickel, .,. International Paper.. 70ft ,. .iron Products tcrpi. m 4 Kansas City Southern. It 4 Kcllr-Spg Tiro 114 2 Kennecott Copper,.,., 38ft 1.20 Keystono T & R.....3lft 0 Lackawanna Steel ..! 83$ 3.50 Lehigh Valley 41ft .. Liggett & Myers rts.. 1&H 2 Loewo Co 304 . . Loft Corp 17 12 Lorillard Tob 137 7 LoulsvlUo & Nashvlllel0l94 4 Mackay Cbs pf 01 10 Manutl Sugar 131 7 Manhattan Kiev guar. 45 .. Martin-Parry Rts 1 . . Maxwell Motcr 26 .. Maxwell Motor ctfs... 20ft 7 May Dept Stores ....130 10 Mexican Petroleum... 178 3 Miami Copper 21K 1.00 Middle States Corp... 33H 4 Mluvalo Sfeel & Ord.. 40$ .. Minn & St L new .... 13ft .. Missouri Pacific 3434 .. Missouri Paclflo pf... 40ft 5 Montana Power 03 7 Montana Power pf... 8 .. Nat Anlllno & Chem.. 3ft .. Nat Conduit & Cablo. nft 0 Nat-Enam & Stamp.. 7334 0 National Lead 79 1 Nevada Con Copper.. 1334 ..NO Tex & Mexico... 37 ft 0 New York Central .... 7154 . . Now Yorlt C & St li. . 27 . , NY Chi & St L 2d pf 41ft 2.50 New York DocR .... 31 2.50 New York Deck pf... 50 .. New York N II & II.. 3934 .. Norfolk & Southern.. 2lft 7 Nortlusrn PaCIIlo 75 5 Nova Scolla S & C... 18 4 Ohlo.CItles Gas 40 .40 Okla .Prod & Itef 4ft Ontario -Silver Mining, tyz '-! 70, 9034 93 37 . 41ft 20 . 33 J4 , .' , rs . 38 ft . Kl ft 8634 . 59 , 31 . 99ft 115 ,108 1734 , 87 ft , 4t , 43 2:30. Nat Hlh Low (NTtm) Chire. ,lft '19K 1034 V .. Otis Steel 4 Paclflo Dovel Corp . . 0 Pan-Amcr Petrol . . . 0 Pan-Amcr B 4 Parish &. Bingham. . . . 3 PcnnssylvunhstoH II'. . . ., Perm Seaboard Steel., . . Peoples- Gas Chicago . . Peru Marquette .... 3 Philadelphia Co .. Plcrce-Arrow Motor. .. Picrco Oil 8 Plerco Oil pf 3 Pittsburgh C of P..,. .. Pittsburgh & W Va.. 8 Pressed Steel Car... 8 Pullman 0 PUnta Alegre Sugar. 1 Rayvon Cop Reading 2 Reading 1st pf 1 llendinir 2d nf Remington Typewriter 73ft .. Replo Steel 034 0 Republic Iron & Steel. UOft 7 Republic Iron & Ktl pf SO Robert Rols & Co. .. 21 6.20 Royal l?utch Amer...llOft .. St Louis San Fran... 23ft .. St Louis Southwest.. 13 . . St Louis Southwest pf 2 - . . Saxon Motor 1 . . Shattuclt Arizona .... 0?4 .74 Shell Transport 80 ft .. Sinclair Oil 3-5H 0 Southern Paclflo .... 90ft .. Southern Rail 3134 r, Southern Rail pf ... 6434 20 Standard Oil of N J. 688 7 Stan Oil of N J pf...l0 8 Stewart Warner Sp.. 42 4 Stromberg Carb 76 7 Studobaker 10334 0 Superior Steel 40ft .. Tenn Cop & Chem... lft 2.50 Texas Co 'ft .. Texas & Paclllo 3834 0 Tobacco Products.... 0434 .. Transcontinental Oil.. IS ft 6 Transuo & Wms Steel. 53ft .. Union Oil 3034 10 Union Pacific "8 ft 4 United Alloy Steel.... 44 8 United Drug 132 12 United Fruit 200, 3 United Retail Stores. 71ft .. USCITi Fdy.... 17 6 U S Food Products... 63 8 U S Ind Alcohol 8.43 ..US Realty & Imp 63 8 U S Rubber 101 8 l' S Rubber 1st p(....10S 3.80 U S Smelt Ss Ref pf . . . 45 o U 3 Steel 5?4 7 U S Steel pf N7Ja 0 Utah Copper 08 0 Vanadium Corp 8134 8 Va-Car Chem pf 101 .. Wabaah .., 8 . . Wabash pf A 24 . . Wabash pf. B 1(l .. Wells Fargo Exp ... 84 .. Western Pacific .t. . . 27ft .. Western Maryland... Oft 7 Wi stem Unlcn Tel... 85 7 Wfstlnghousa A BrakellS J ,.! im-huUHC U : M. " . Winding & L 13... j winir Motor ....... i w Ils.-Oorland .. . . .1 Wllscn & Co o Wuithlngton Pump.. 10 ft 5634 18 ft 00 ft 09 60 ft 70ft 194 4134 I 1V4 1S34 14 ft 113ft 114 0 37ft 27ft- ft 3t nift- ?4 70ft 81 3J4 ift 4ift y 1894 1594- 20 ft, 3034 lft 1694 17 34 137 137 1 loi 10194 lft 61 01-1 130 1.10 5 48 - K lft 1H- ft S3 268 .20ft 20ft 3 my lao 8ft 173 178 ft 21H 3194 V V13 33ft- ft 44ft 45H 134 43 .13 lft 2394 24ft' 94, 39 40?4 94 C3 63 - ft 5 95 63. 63ft 2ft Oft Oft .. 7394 7394 94 78ft 70 lft 1334 134 .. 37 ft 37ft- ft 70 ft 71ft r lft 37 27 V, 41ft 41ft- 6H .14 34 1 60 60 - 4C 28ft 2934 1 20ft 3lft lft 74 75 lft 68 6S 39?4 40 ft 4ft lft ft 7ft 7ft .. 35 27 V 00 Ji 00ft ft 05 051 91ft 91ft- 1 38ft 37 194 40 411 24ft 35ft 2 3394 3394 ft '3494 25ft lft 38 38 t- 2 67ft 58ft V 10 16 ft ft 86ft 80ft- ft 67J4 89 lft 30 .1034 134 98ft 00 lft 114ft 115 3 103ft 108 4ft 17 1734 14 85ft 87ft 334 41 43 43 433 70 72ft 4 84ft 9334 034 04 ft 98 ft 00 90 - lft 21 31 113 113 - 334 31ft 23 ft 94 12 13 23 23 ft 1394 14 94 934 034- ft 7834 80ft 94 35 ft 3594 ft 0434 00ft 334 2034 2194 lft 54ft 84ft lft C83 OSS 8 103ft 101 43 42 72 732 10034 10694- 'A 48ft 40ft lft 10 ft 10ft 34 40 46 - ft 37 ft 3834 134 03ft 04ft lft IS 15 - ft 5194 8l?4- lft 30 30-94 1I0?4 H8ft 134 44 44 J 132 133 1 205 200 4ft 0894 71ft 394 1094 17 0234 03 . . i 83 83 51 51 - 94 99?4 9934 KM 108 - 34 45 46 - ft 94 ft 34 ft 107 ft 107 ft ft 07ft 681 78 ft 81?4 4,ft 101 104 c u 23i 24 'i 10 16 - ft 52 64 lft 3094 27ft 3ft 094 0J4 ?4 85 85 ft 111ft 111ft- lft 48ft 48J4-I- ft 0?i 10ft ft 65 5534 ft 1734 1734- ft 00 60 09 09 CURB OILS CENTER OFACTI VE TRADING Vigorous Advances Made Many Issues of Group. Industrials Strong in New Yorlt, May 4. The curb mar ket displayed pronounced strength it the forenoon today when good recoveries wero made of yesterday's losses. A reaction occurred in the afternoon, nl- through the list generally was main tained nt well above yesterday's lowest range. The oil groups attracted most at tention, vigorous ndvnnces being made in many of the petroleum issues, among them being White, Oil, which sold nt 127, ngainst a low of 120V6 yesterday. General Asphalt moved up to 08, com pared with a low of 03'4 yentcrdny. A substantial advance was made in Cnrih Syndicate, which was traded In nt 10'A to 21. Texas Pacific Coal and Oil sold nt 73 to 7.". The industrial! were strong in the, first liodr. but later reacted. Cleveland Motor was the feature of this group, moving up from 75 to SO on trading of over 0000 shares. American Woolen rights sold at I2Va to 2. Hercules Paper advanced to 20. A large amount of Sweets Co. was traded In nt 1 to . IMHUSTKFIAI.S Rich Acme Coal - llrllliih Ainer Tobacco coun 20W Car LUht 29t Central Tcra 0 Cleveland Auto 80 Cuban-Amer.Bugar ...... 53 (leneral Aapnalt ........ ax Hercules Paper ...... 211 Heyden Chem l American Woolen rt .... 2 CMrmn Hteel ". M.rcr Mntnra .... . . IK N r 8lilpbulldlnB 5'4 Perfection Tlr SH Pressman Tiro L'li I'roter-Qamble 12.) . rtfrnler .. 42 Slneer 125 Submarine Uoal Swectn Co U 8 HlRh Speed Tool U S Hteam unites I'lct I'roa . . . i United Profit HharltiK ,. la t'nited Hetnil Candy .. . 1H V Vlvladou Inc 17 Low 20& 2H 7k' .83 c; oa is ftly 1211 42 i: 1:30 p.m. si) IS . a 78 na 07 .M3'4 r.ti j 05 IS r.u 42 32.1 lW W 314 31 31H nil s $. 17 INDEF-HMIKNT OILS 2tt 37 2r ilk N!4 a t a !i 29 14U 4i '4 37 a DIVIDENDS DECLARED Hylvania American shaded .1 f. Whllo Ens-lneenni.- Corp. . uu jrterly of l' twr cent on common payable Juno I ii itorlt of record .May IS .. . . - I - - .... ..! I 'A a PBHIl nil an odd lot was ie. I n Kiwuing ""'"'"". .V.-,' ., i i ... ....! 1 ... .10 ..,.; u,, ...L ..Mnl or l vrr sn4r-. l'l "-' " l: 'vr". - ' " .'-.. ."'."-"" "."." -,. ktork f record JUy 1 hi' 1)1 Salt (Ins. to -:. ai higher nt l.lsi. Philadelphia Stocks u ' f, k-vt. vt V& lay W" Bonds of Foreign Nations yfn have prepared an inter esting booklet describing In ternal Lonns of FRANCE i BELGIUM , ENGLAND ITALY j1-' which can be purchased today at prices to show American Investors a possible profit of from 20?c to 3Wc. Ask for llonkht L 90 A. B. Leach & Co., Inc. , nveitment Banhert 115 South Fourth St. "ii KM) III m Si is . Am (u (All Oulf & W i.i no H in Stor.,121 . ';. ,M..tQn cijjr t n li llauldaiins u i.lend ot 16 per cent on preferred, payable lun' 1 to atoek uf record May IB. .'ilia Service Co. nvnihly dividend nf r .onta on the lian!'. rs i-harei, payuble lune 1 to nock .' r tJ Ma 1... Second Nutlonnl Hani, nemlannual of 8 p.r cnt and, after helling at S1.03U. rallied to $1.0(1. July btarted at HIV- to 01 i-io, compared with OOy.c atthe oIom jehtcrday, and later Mild pt 91c. Sep tember opened nt 77 i. to 77 'je. nRainst 77c at the clone icsterdaj, uud Inter sold at. 77c. Ueceipts of wheat here today were 0 cars, against !II cars last ,enr, nt Minneapolis 107 cars, against 2d I nrs; i nt Duiiith rl vara, against none last enr: at lnninec ui cur-, ii.iiium ;'-, i:i :s 12 ir.ii 110, r; 12 l 2R.. 17', ir,ii tTJ it 7.'! , :i2. i 2si., i7: i." 41"i Ill's 7.".a, l.'.n -ll'rs-.-.'i-r Jsl . 17', 2-'': ti", 4- a; 17 7.".-', American Smel'ins and P.etlnlnit Co.. au.ir- I i-M cnrSi iriv nf 1 per (.-! on (.ommon, iMyi.bie.ioJ mi.. Vune IS to Bt.K.1 uf r. oni May 21. and l' I.eadlnK futures raiiEed as follow- "oeVrul Asp).,.U . auarUrly l.P.r ..,""', ," !., , '. l .".' .'-' 10' .172' 2 1 ; i.i-i . 1 .13, v. 12 (J Port C (Id I Cn " A (10 ret 10 p. "I T.uke Sup 1.". I. eh Val. 7.ir. Pa It It.. 2. I'a Salt . ".'. l'liila Co I'Utn pf. 11 II Phil Klee 2H Phil It T. 20 Phil Trac " 'n Trae r.:t.- v a i . . 2." I'm ( 'os V .1. :im tu s sti tt chanee mitdi by comparison with last na. 'in New York si,)ck HxrhnnEe. .sales in UONIls 1.30 Net Jinni' lllirti Low p m. chae HI italdwiu Lu !ill' r.". nr;fe?rd. u.o. able Juno 1 to stock flat. "-. m "'Arnert! "hrtV .l leather Co.. ..uarterl, 14 per cent on r-.-ferr.-d. payable July 1 to Mock of retonl Juno 12. :i2' 21' .l 1 :" 41.1 HlViS'i, 72'.. 172'... 172. 2 'j !).-.'? it." !l.-f-f Commodity Markets mi'.. !)(!'-- . , , ,t iA Penna Tax Free Bonds ' . PAUL & CO. Slembera l'hlla. Nloek Kxrliance 141 CHESTNUT STREET ! '. a UoVi. 5j- 9 K,.kH 8?.m 85. SC- 01.00 01. 00 01.002 "ri ' ftt n Peiina. Comimny Ji, tU.17 hi', rani lnnVa I'Vfc l-jne K. -r.-". . m 1'iinMi mat iu-':i 1st .n. 2 Kler A. I Tl -Is . . ."'.I :.!i :; Inrerstnte Itwys Is. Ilipj :) :i(l I I,ebigh Val Coal ,'s. . ,r. Mb Itnlidx 2d 1'4n f.0 n.'V.n... r. m -tis . so no 80.c so.r.ii ..-u l0-l() Ith4'is 8.'. 70 75.(12 85.70 (18 :is viet'y is )(j.3i no.so ii(i.:io .ui 11 Pa tem itf.lOl'ls 101 Vi 101 ', 4- 1 Plila i:iei. ut .-. .. k: s;! k'S .. 2 Hea.l'g g Ai 70'j 7'i 7ll'j 4- 2 Span A mer Iron lis.. OSUj IIS".. OS'u-r 'j (u) Iron lait pnMous aaie BUTTER, EGGS AND CHEESE New York. May 4 UtJTTEH Heady II- telpta 13, HOT luha C'reamer, higher th.m extraa. a.lftitu eretimery. txtri i'C emre) C4V1 iHI'J'' flriftM (BS to 91 hi on I riU'x'tii'c paikintf wt6clc. current mike u 2 l42i KOUH irrruuUr HecelPt' 3,Vl:i.'i eaaea Stnraxe pinked, extra llrnti. 17, t nuts 4ati"4Tn' Kresl) mtnernd eMru lrta 46' i 47Vj . tlr,ta. 4HV-ili Hini I'.nnsylvuila ami in Tb Wete-n honin r white. llraia 10 xiraa 4HS3i .tat. I'ennIVHnl and nearby hennery browua MiViJ?ui.-f n.!U ll.r.lnln. D2.1 hoiea Htale COTTON MARKET New York. Miin 1 There were reports this nioruiiiR of beneficial rains in ien tral atfil northern Texas, which, with easier cables and predictions for clear weatlier in eai-tern titates, caused a Rood deal of Melllnc of cotton early and llrst prices iln lined 15 to 21 po nts. Tlic New Kupland lnbor sltuutlon af fected the market chiefly through a nlowinc up of speculative trade pending more delinite n"WH. MOtii ot iur . I sellinK was on the weather advices. 1 After the opeiiinc tho lint wn heavy for a time, with a drop of 20 point uu rter inninl leeU This .-au later re ,,., ...i .iiMiisdui to reports of rain in Alalunia and I.uiiniana 1 Hl't 1.70 1.07'i May . 1 70W July . . 1 SH tiats ' ,, May . l.lKMa July .. OIH, July an.fW 3D (ID I ard Ma . 10 HO 10.70 Julv . i0 40 M 01! JuWb!18a.1 18.37 Hid. tAnlied. (C'hlcazo tlm 1.70W tl el'. 1 .W l.n.-,'. (It'.i 38.46 tP.r.0 i0.4U lS.'JS 1 IIS'n 1 11-1; tl l"l t"'J. Il04 3II.R0 t.Ui "I-! 10.70 sn.r.n IVl SJ ji. e.j ik :i7 ! in Ju.y CitoU-i Iiecember January March .. . V-.t .0", 10 J.'i IS 211 x, 70 S4 '' l 'ill S3 AS (N Y Tlm) Today's 11 30 10 open b m. 1 in 1S'0083 SS.02 33D0 JjftUO 33.55 35.7B "" 3J-JS 34'85 ai.35 2i 22 33.70 33.57 GRAIN MARKET (.draco. May l.-Trade in corn wii- licbt this iiiorniiic, hut after an irreeular stuit, all deliveries advanced, due principalb to an absence of KellinK 1 11 if ...mLulnti liniun inessiire. A leailius vinin.. "-" ...."- liid for Julv and pit trader, followed. Transportation londltions wero not im proved and receipt! contiuued small, nmmiutlne to only twenty-seven cura hero. May opened c high, at $1.70. and moved up to $1.81. July rnnged from SI 08 to $I.tSK nt the out net. against 51.IIS'.. at the close yesterday, uud roHe to SI.OII'h. tieptemuer was quoiea at SI. (II to 51.00i nt the start nnd Inter sold at a net ndvanco of onn 1 itnt at 81.01 Mi Oats were lirmer, with' onenngs iigjir. FOREIGN EXCHANGE New York, May 4. Nominal openlnB quotations showed firmness throughout the European exchangea with demand nVorllns up Hi cents at 3.8G,, t.tt.Ies ' Fraho cablefl were quoted at G 1 3 cents per franc, an advance of 07 cent; checks. 4.64; Swiss cable 17 86, checks 17.83: , BelS-an c,nb,1a checks C.62; tru Ider cables afci-. chiclva 3..H ; pesetas'.ibles 17 00. che.Ks 11, -.3; Stockholm cablea 21.40, checks j . 5; Christians cables 19.3B. die m I'.ao; Copenhagen cables 17.10, clieiKs 1 . 00, and marks, 1.81. Hankers and dealers In foreign ox chanKe In uuotlnu rates on count. fes In the Latin monetary union w 1 un, thi) . .iu mill, francs and Urn quoted r .... t u ln, rnrllni vcslerrinv. under this method, French checks were J Soted at M5 and lire checks at 4.66. Sterling and franca were easier In the early afternoon, demand change on London' helm? nuoted at .1 86 i and cables 3.87. Franc cables wen. 0 08 and checks fl.07. Ure cables were un changed at I.CC and checks 4 (.5 Marks wero lower at 1.70. ' , YKHTEKDAVH KINAI. QUOTA rii.NH fiterlln Franca Lire 1 Guilder.. bCd...-3.S5fJ ioiS. SSSJ B3 TODAT'8 OI'ENINO QUOTATION.! ' sterllnr lranca Lire Oullder MONEY-LENDING RATES NliW YOItK Money on call, both cla'sses of collateral, opened today nt 8 per cent for lending- and renewing. The dullness In llmo money waa un relieved today. Hates were nominal at 8 per cent on mixed nnd 9 per cent on Industrials. Prime mercantile paper showed a continued hard tone at 7U7h per cent. Little or no buslubss was trans acted at 71 per cent. Theio la a. fair Inquiry for time bank ,o nivmitiLiu-en hills, at 6. a 1K.T cent. rail loans and acceptances stand at 5 V.! per cent pilllli:i.l'lll. fall. 1 per cent; time, 6 Per cent ; commercial paper, three to six months, (i per cent. 'ni These are merely nominal quo. tatlons. an the legal rate ot Interest In the state of Pennsylvania Is fixed at 6 per cent. Plus premium and commis sion, tlmo money for thirty to ninety days la loaning at 7 per cent, while commercial paper, from threo to. six months. Is being offered at 7 and 7 V per cent. I.QN'DON Money Is quoted at 4 'a per cent. Discount rates, short bills, (1 ivr cent; three months' bills, 6a per cent. c Allen Oil Allied Oil Hoono Oil ... lloaton Wyoming- Carlb Syn . . . .' ClUei Service 'Jl" ctfs Continental Hef Gushing 1'etn Dominion Oil Klk Ilaaln ret ......... ri-deral Oil CSIonrock Oil (luftey alllesplo Homo Oil Hud eon Oil Inland Oil . . . ....... Kay County Clai ... Livingston Lone Star Gas Mcrrltt oil Metropolitan Pet Ohio Fuel ... ...... Per.-nok Oil Phillips Pet Producers & Iletliiers . . . lied Rock OH Ityan Oil Rait Creek Prod ....... Senuoyah Oil Hlmms Pet 10 Hkelly Oil 104 Southern States ........ H- Spencer Pot 18--3 Texas nanser Hi Texas Pacific Coal 7." tin Texas Oil 1 Victoria Oil new IK Whclan Oil 1 MINIXO Alaska rir Columbia . . . American Tin & Tung . Pelcher Divide nos.1 : Mont Caled Mln Canada Copper ......... CandelarU M' Cons Ari7ona .., Creation Gold ... ....... Divide Ext , Kl Salvador Kureka Croesus ....... lureka Holly 4b Mlnlnir , Gold Con Gold Mercer Gold Zone How-a Sound Jumbo Intension Knox Divide Miasma Chief Corter. Silver Kmma Motherlodn , Murray Mob National Tin .. , Nlplsalng Ophlr Silver Prince Con Rex Cons TVj Ilocheater Mines Is- Hope GroJP 'a San Toy r, silver Kins; of Ariz ; S Silver I-ad . Steward Mln .'I Success Mln ... . . n Tonopah Carh llo s Tono Divide .... . m Tonopah Kxtenslon J'l Tono-Jlm U .. is Tonopah Midway . 1L" Tonopah Mln Hi Tonopah Rescue Kula . . Is United Eastern . . . :i,'. Victory 13 West L'nd C 1 ,' White Caps 11 White Caps Kxt '2 IIONDS Allied Packers 1 71 A mer Tel Us, 1DJ2 OS Amdo-Amer Oil 7hH ...loo'i Goodrich Tire 7s . . . . 113'n Inter Haw Tran 7o. . . 70i-i Kennecott 7a J . 1)2' South Hell 7a IliHi Teuna Co 7s . !is", Went Klectric 7a . !is, 30'" s; 19 3II 1 ' HJ' :11V, 4 t 1A '4 S SS 32 1'i K 4 t; 13 i a 3'i il 11 3.-I 3-1 it 34 7H 4 ; r. t S8a 14ji ' & 3t Vi K 33H 18Vj i7; 73 V ii 1 7 Ml 31 l' 3 i,M 42 aH 1 i; Hi n "ii-U 11 11 .1.-, ;a H "II ft -1 3 S Hi 1'i is 11! Hi is i3A i!A 71 fl. 100 Ojtii 70 i!'4 Ofl'i ns'j Os'i Ha 14 17 37 : vi i Hi 1314 S'i Sii'i 3. Hi 14J? 4'i 241, 3,'' 3Ta 37 K Wi loi '-a 17. -!' ... 1 Hi 1 IV s ' S7 4 14 43 ft Mi a r a'. n a ."ir. r.s 0 r, 1 a 3H '1 ,' 1S'i r. Hi Hi r.' Hi is i3ft ii-' ir, 100 70 n-.'4 n' iisv, OS'S BANK CLEARINGS !"l llajtk clearing today compared with cor responding day la-t two eara; ilCO 10111 1018 rhlla ,..80,7'.,4.833 J.V7. IVJ.730 30,371.!)83 Demand .7 3.88V-, 6.12 -4.III 3d. Pflhl.. . ... J.H7U -o.io --...,.1 uuy-a Quoted In renta per frano and lira. Liverpool Cotton Uverpool, May 4. Trading in spot cotton was not active trfday and prices wr pasler on the baals of a decline of ye'.?,.r. i,i.lltniT. t 2i.80d. The Rolen were 2000 bales, Tho rcrolpts wero 5",S5wfI..r inMnrttnir 200 bales Ainer- lew tuturea wero qUlet n th, early JSni ne-L Knot nricea wore: American, lea'lnC6. tIl l'"rA . , moA middHnr. ' Reserve Banks' Discount Rates Official discount rates at tio twelve Federal lleaerve banks weio as follows: (Tho llrst column gives rates for all periods up to and Including n fifteen day maturity, tlm second for a period ot Sixteen to ninety days. The thlid nnd fourth columns glo the rates of discounts of collateral loans secured by government uoniia or notes.; ' Coin'l lupur 13 daya lloaton '1 New JTork, Philadelphia . . H Richmond u Oovt'tpauer I to 00 lOtoUO diiyn IS daya days Cleveland Atlanta Chlc-ano St. IaiuIs . Mlnneapolla . ICansaa City . Dallas . . Sun Franclaco 11 flVa .".Va II !iV, S'i a n, r,4 II .'.'-J Z,'n i) rA3 ,vj 1. :.; r., a :.' r.'i a .-.'4 :.'i a r.Ui Tj n .'.' .vi .1 r.i, ,'.ia n !.. .1 Hates on outstand n cortlHeaten nf iniieoieuuess coniinuo unchanged at 5 per cent with tho exception of Minne apolis, where tho rate Is 4 per cent. Today's Range in Liberty Bonds (N Y. time) The Service We Render , ' 1 VltL Weekly Reviews and Analyses EVERY week we mail to all clients a care fully prepared review of financial condi ' tions, a special analysis of some particular company or industry, and a special, invest ment or business review. . THE subjects covered are those of active and vital interest and each letter has. its own particular value. The Weekly Review is a vital forecaster of events and through its careful study of conditions many an . investor has increased his capital or avoided disastrous losses. ' OUR analyses of the trend of events during the past year, the money market and foreign situation have been notably accurate. Many subjects are covered, in eluding the steam railroad and industrial outlook, the bond market trend, the cotton and other commodity markets, etc NOW. do you begin to see the scope and value of our service? This feature may :i.. n.,n - lu Vin mrtct ncpful nnrt nf easily ijiuvg iu uc -- 4v4, v. " the service to you, as it has to many others. Will you not join our list of clients and see for yourself? Moody's Investors Service JOHN MOODY, Pmlinl . 35 Nassau Street Dcpt. 21 New York ity 111 The Real Measure ' of a Bank's Service OERVICE is a bank's most important stock in trade. It embraces the safe guarding of funds and the usual bank detail, of course. But it should also in- ' elude ti warm, personal appreciation of and interest in the daily business prob lems of its depositors. The personnel of the Continental Equitable stands always ready to con sider the financial problems of its de positors and clients and to offer the application of experience acquired during: years of successful banking. Wc invito you to test Continental Equitable service by the one method that is most practical the opening of an account. QNTINENTAly-'EQUITABliE Title ana Trust Company Twelfth Above Chestnut Philadelphia Capitol $1,000,000 Surplus $1,000,000 Over $11 ,000,000 Deposits MlMff!1Mliliiilllifl IIIIIIIIIIM Liberty :t'as ... Liberty 1st Is. . Uberty 1M 4s... Liberty 1st -IV-is. i.iueriy ist t'is, Liberty lid 4. Liberty ltd VAu iiniini J va ti.' ioenming; garrison & go. im " . ...i v..Miuritt tinrrntvn "v. ..i nnuan Uc 'do. uvrKd run. astfi i rnmrnianinn noubt'H. jvcuciiivb xiccu kvz i ?xoba: luiijrv ----' " Bn j-zr ' ' " 1 " -ffiyft W' - """" 1 avVrV'rtn'. tnS' "1 May opened ,C hlher at lordtaitiry, WJ'" ' Ulsh 111.00 s4.ro 85,1(1 Ki.no Wi.'-'O 80,70 85.74 Dti.no mm Low no.no si.iio 81.114 85.40 H5.04 80.40 85;fl0 1)0,20 1)0.2(1 i.t P Til. no.no 84,:t0 85.00 05,50 85.1(1 811.48 85.08 Wl.'.'O 00,30 LIVESTOCK QUOTATIONS . ( lilrnxo. May 1 l'.TTI.l Iteu bits. 14 noo heHil. Heavy ne,i hiicI heavy eiin hlo. weak: others f-irlty aulve mostly nunily erllniis hhnwlnir BtrenRtli. UulK hert steers. $ll.n.ci1.1 .13. bulk l.uti her "atie" tock. IS.Bmfiiin.I.". e enhns dull; bid lower: few-above $l-J 31), stoclcerg unil Jeeders ntrnnr. HtKlS HeoelptK, ai.nnn hei1. About 2So li wer thar. Monday's-Hveraae; Mtht aetlv. others tov Hulk llahl, H.(MI 15 25. top. iri.aiii bulk '.'SO poumla unit over IIS r.O II K, plirn 23c lower, bull,. S l.'1.7..tV 1 t.no HllliUP- Rerelpts. IO.IIOii heil Hlow. First aleH atronir to hlchcr, cholcn nhnrn lamhK, (IS :.1: bulk conil klnria, $17 liu&i 17.ITi. best wool Inml.a hehl l 21 ritUbiinfli, l's.. May 4 11008 Receipts, 20fl heart. Market Inner Heavlps, I154T 15 23. heavy yorlura, I1B 7.MU17: IlKht york. era. inm.rinj pigs. 113 73W,in. HHKKI AND 1.A.MI18 llerelpta. S00 heart Market steady. Top ahcp, (13.30: top lambs, CAI.Vns Heeelpta, noo head. Market hlnher. Ton, 117.2,1. lZat riufTalo. N. V., May A: CATTIjK Iterelpts. 323 head. Steady. Calves, re ceipts, 400 Market Jl hlKVier, $(1?I0.R0. 1IOOS necelpta, 1120 head. Itmvy and plus steady, llaht hot-n. 10c to lr.o hUher; heav 1313 73: mixiil III! 23W1H H3. yorkera. 110 83410.30: ll-tht, da. timtttn 33, iiIkh, lij. rouiths, $12trl2 30, MaKB, J7 4f 8. 30 HltnKl AND I.AMI1H ncelpta. 1800 head l.nniba uud jeitrllnva, 30e lower, cllpned inmbN, IsUi IP. 50; M'arllnRs, JlL'W III 50 Others unchanged. NEW YORK COFFEE MARKET New York, May 4. In tho abscuee nf oflii'hil cables from llrazil, the loeal coffee futures market opened quiet this ninrninc with prices uucbanged to '2 points lower. Trading during the early HesMon con tinued very limited with little or no ouNiile spin'ii hit Ion In evidence. The mnrket ii so narrow that trading is nl inont extlueively iiinong local trade in terests, who lire on both bides of tho market. Owine to recent holidays lu Itnixll. coat r.nd freiglit offers liave been liRljt and only a moderate business I ins been reported. A small lot of Santos 4i were reported sold at "1 cents for May-Juno shipment, and nt II) cents for July Heptember shipment, American credit. Late In the niorniiiK, Wall street sold July n(f to 1 1.88, or fl points below last ninht'H closing figures, this selling lie ins attributed to Kuropeau Interests. (N Y lime) 11:0(1 a. in. 1 4.110 14. 0U 14,58 M Yoit, close ! Open 14,SBlna i4,oipa oaat July ........ li.9l05 Hepiemuer ,. i.xwns 14.8 jiertmuer ,4. it.QUWDii 14.0UWU1 STROUD & CO. 1429 Walnut Street announce that : Arthur B. Miller . and Mathew F. Maury have become members of their organization Your financial adviser will admit that Preferred Stotls wth strong Sinking Fund provisions, Issued by well established Manufactur ing companies having no Mortgage indebtedness and earning several dmes their diWdcnd requirements, are a safe and desirable investment. ; IPe have a earefullj Selected List ef PREFERRED STOCKS, having these feature!, yielding 8fo which ae can rectmmend t the meet eemervdthe htvesttr. Ask for Uooklet No. I'.P.L. 357 Hollister,WWt?&Co. aCa40HAt(B. North American Building'; ' boston Philadelphia" nrv.york wbwarx sraiNoriiLn raoviDiucE rirrsriiLD Portland i " -fa Ik If w. . 'Wiv".,',ii'i(AW'.l ' '
Significant historical Pennsylvania newspapers