a"-" 14 " r us r '- , r- fV i a :,.r.-; v v v " y-tij I 'J vf V i y sKrfJ'. i Js.: & 'Vr :io' EA-E-SVIKJ PUBLIC 'LEDGER PHILADELPHIA, ' SATURDAY, MAY 15, 1920 n" f 1 I in Is uV 1,1. W- r HJ It S V tf f n i ir ',: iHR THER DECLINE BETTER TONE TO NEW YORK STOCK EXCHANGE TRANSACTIONS N INDIAN PACKING CLOSiNG IK Curb issue Touclics Now Low Reports of Additfonal Cold Im- at 7)4 General Asphalt Active Js'cw Yorlt. May II!. A jlrong tone ivnn shown In mnny stork on tlic Hrond street curb with n better reeling in ftyidenco, liitt some Ikiiioh rotitliincil extremely wenk, .Indian IVtrUin: n nn of tjirsr. felling down to 7'j, n low record. ,ivlth the .nnvptiii'iit ni-ooinpiinlfd l reports of n dlvruntiminnri' nf dividend payments, t'liltcd Stati-i Strnmtlilp. Which hml born fnwirod at 1 lines b outside hujers, win iiUn hrnvy, lelliiiK There was heavy trndine In (lenoral Asphalt, whleh ro-e from 7H2 to Tli. Merrltt Oil was in special demand be cause of a favorable annual report on Which It rose from IIP, to 17' ,. Tropical sold at 21 to IM ' , and In ternational Petrolennt at ,",11, both storks .falling to make any response to the completion of the nrrancement for a merger in the Standard Oil of South mericn. IMU'STRIAI.s Itleh !.m 1 ni 7 il 'i St. 2'k s. 7.1 Till, J3 2.1 .-.. .IS rlf. Acme Com Amu Candv nrlttsh-Amer Chetn , Car- Light . . fieheral Asphnlt Hercules Paper Jteyden Chem Indian Packing Inter nubber Amer iVonl rts nroolca 8 S Perfection Tire Radio Com . . Tladln Com pref rtepuhllc Tire Hull V fl Strain United Plct Pro,) . United Profit Sbsrlnic T'nlled rtt Canl Tl J Reynolds nev winder Tlmea Pourre INIIKPr.MIIINT OII.1 Allen Oil ', Allied Oil trkanra N'amrai One Boone OH Carlh Smi Cities SerWc n Contlnnelal Ttef Cowlen Co . . Cushlng Tele Dominion Oil 7.1k Basin Pel Englnera' Petrol KsmeraW" Oil Federal OH Olnror.k OH Cranadn 'Home Tetroleum Jlouilnn Oil Tn Petrol . . Island Oil Kay County Oss Kin Petroleum IJvlnsnlon Im Star Gas Merrltt OH . . , AJax . Metex Oil Phillips Pet Ityan Oil Salt CreU Prod Rimma Pet Skelly Oil Sponrer. Pel Superloi OH Tropical Oil Vulcan Oil . . . MINI5 rAlaaka Hr Columbia Amer Tin A Tuns Atlanta Belcher Illde s nelcher Kxtennlori Rl Ledce . . . Booth ... Rojitnn A Montana Caledonia Mining . . Candlarla Mining Cona Vlrulnla Cortes Pller Creaion Gold Crearent MoNamara Divide E,t Rureka Croesus Eureka Hollv , 40 Mlntnir Golden Oate Ip . . . Oold Coin . . Gold Devel Gold Keuaua iGold Merter Gold Sllier Pick "Great Bend Emma Silver Hecla Mlnlnc . Honduras s-n Jumbo Kxtenitnn Louiana Co McNamara llaxma I'opper ' ' Mother t.nde Mother t.ode nu Hurray Moe . . Nlplaalna North star tDhlr Sller nex Cona rtoicheater Min Hope. Ooup San Tov Silver hlny of Arlrnnn S Slher Lead SuceeaS Mlnlns Tonopah-Helmi.ni Tonopah Cash Bo Topopah IJxtenalnn Tonopah-JIm llutler Tonopah .lridM 1: 12 i;tt 3SS S4 31'. in'i - 3' l St nn ft4 IT'S .1 4't .-,1 I 3 17 III', n 1T 1 .Is. II i .1 l r.'i 'It IN I fl . II 10 .1 !l m it n.t s:. 7 i r.-n US'. p. 7.1 INI 1.1 iiv 1.1 Vi 12.1 Jll VS 2' M .1'. 7'. !' in y is 'i 2'. II'. 3'i 7S .111 . 21. S' I 2SI, I', l' 33 J" Yt til", 20 s4 IT '. i 3 V 21', "il 1'. Hi,S - '. 3', 7S 3rt ?, 2'. 1. 2S'i 3! I 3.T, ,T I I"', 211'. 17. I ' ! s. ! i ports Gave Hope of Easier Money Rates New York, May Ifi. The quiet char acter of the trading in today's closing market was enlirclj in keeping with the pronounced dullness prevailing through out the ucek, A much better under tone, however, was manifested, and prices, as a rule, were Improved. The more substantial changes occurred In the popular issues, or in oilier words, in those slocks where the wider .speculative intnest existed. It was evident, how cer. judging from the restricted nnture of the dealings, that both sides of the professional contingent were disposed to play the waiting game. The tratmac tions, ns in the preceding fissions, ori ginated and were confined almost ex clusively within the four nulls of lin stock exchange. Tho mnke up of the dealings, to n large extent, comprised the familial' week-end evening up operations, nud as the Inrger balance of the week's ilcninnstrntions wore on the bearish side, necessnriiy covering of shorts supplloil the bulk of the dat's limited turnover. Unl naturally. In icv of the week's strinencj in money conditions, anil the known lion tinaucinl transactions In connection with the preparations for the government interest payments, thrro was it general disinclination to extend, or iniike new commitments until n broader line could be obtained on the immediate money possibilities from thq weekly bank statements. In this con nection reports of additional gold im porls. ns .'.el iiiicoutiiinetl, carried n favorable inlliieiiue unit strengthened hopes as , ip pnxiihility of some what easier conditions in the cnll lo.ui market next week. The nsunl nronilneiit snrriil.ttiro ki'ialties led the improvement in the earlj oeniings. wlilcli exteuiled from one to three points ill Crucible Steel. American Woolen. F'nn -American I'etrolnim, Shell Transport, rtnldwin I.nromotiM'. American Jnternntional and t'uhan Cane Sugar. Heading and Itork Island featured the raijjoad shares at frac tional additions to jes(erdas ad ances. While the dealings diminished on the up-owing nnd some profit -taking wai met, the lif-t ns n whole held up well to the close. LOCAL INTEREST , AT VERY LOW EBB Embargo Against Unessential, Loans Still a Damper on Stock Dealings n SI 11. 'i 1. li in 3 .1 "l ll Ti ii i i, IS IS il rt ' 1. .12', .13 .1.1 .11 v; :.', 7n 7n !''. '. Tonopah Mi span Thiropah Itexue Kuia V a Com United Kaelern Victory . Weat Knil c . While rap lTllle Cap Kxi Wllbert Vefrlnston IMIMl. Allied Tack fl. Aiig-o-Amn Oil 7'j Cona Textile 7e .. Ie t: Hud 7 Ooodrlch 1 ire 7s I n T 7. Sinclair 7',. Texas Co "a 17 ' 1 14 i 1 1 17 III II II 13 w !l S', 3 illi', lull', IIV, inn i', 71 Hs n.'. i', '. ll i'. 7 1't 17 )n Hi 11 7', 34 1.' li'. II 3 r.s Inn', HI', Inn HI I, 71 l'7'. Us FOREIGN EXCHANGE New orl. M,i 1.1 ri, n.n,-n exchange market nponlng was for the moat part unrh.mgtd t.iepi fur slight 1 1 would be necessary to go hark to the dogdays of midsummer to find a parallel for the stngnntion which pie vailed in today's local market. It has been a long time, even on tlm half. ," holiday, when the volume of dealings s ' ! in the local Mocks dwindled to s,cli P. meager dimensions. Whnt price changer , I were made, which were mostly of small i ' fractions, should nor he tnken serious! . JA Further dribbling liquidation nppeared ', , in Philadelphia Kledric and Lake Sn i"-ri"r (.ornorniion. carrying tiolli In the low levels of the week, namely L'I nnd 1.1, respective!.. T'nited Oas'lm provement. on the other hand, on small dealings, rallied '', from ves terday's bottom prii;e to !"',. The only wide decline occurred in Wom .Jersey and Seashore, which was off SI from the previous snle at 30. It was ahout the dul!et week on the local market experienced jn many yeais. The cause for the pronounced shrinkage in the volume of dealings nnd the con spicuotis absence of speculntivn inter est is not difficult to find. Just casual analysis of the local money market con ditioiiN would furnish sufficient con vincing reasons. Monej. in so far as stock maiket in ci muiodatious are con cerned, is virtually unobtainable. Fin - therniore. ir is likewise n mnttor nf great difficult to even obtnin n renewal i of loans with slock exchnngc collateral. Hanks and other money-lending insti tution'! hnvc placed nn unsurniountable I embargo against supplying funds for speculation in an form. liven with this drastic elimination of unessential loans, the cicdi( situation continues in a critical stage. Remedies of a radical character have , been applied, aud will he still further 'instituted to bring about a healtliv ad justment. As an official of one of the I larger instilulions remarked the other da : "The outlook is not quite so is I mal ns many beliow There is much i hope ll is necessar . however, for cwrybodv to keep their hends. If the do. we. will get through without stitTer i ing inilliv scars. If we don't keen nnr lienils. it might he m diffeienr stun to niv sal -a In t ;na ion inn 700 toi inn ion iioo M0 ion too 700 700 ion 7300 Kon )0rt too oinn 700 700 100 toon too doo nnn ion :on tsno tii'i 701 toot ton 300 3700 7n n i -won I70n mo .inn ton 10100 non 700 300 .100 1100 100 100 3on on ion nr.oo too 300 300 too 100 .won 100 100 son too 3000 100 too niton l.uno 100 ' ion 1500 no ion t.vnn 300 1300 700 3on i inn inn inn inn An 3on non tnn ?nn .100 ion von mo.0 3nn 300 ion inn tnn .1(10 1300 linn Ann .inn 300 ton 101 1700 .10(1 iOO 8011 300 .1(11) 400 lou inch . . Advnnco numcly .... 3.1H n Advnncft Ttllinely pf ' '-a . All American failles 09 M . . Alaska Ciql.j Mines... I V4 . . Allls-Clinlmcrs 33'ri in Am Uosoh Magneto . 10) 1 Am Agrlo Chcm 8V. 1 Am Ur Shoo & Kily.. l . . Am Can HV 12 Am Car & lty 133 Am Cotton Oil 'i io Am' Drug Syn H .. Am Illdo & Leather.. ' 7 Am Hide & Leather pf. Dili 41 , nJ'4 . nt too'4 . ii', . 31 r.os , hS . 40 . !39'4 . RS?4 . OtW SOU . 3.. . 0 .111 , It 34 .11!) . 33 . 134 JJ 4 Am Ice 8 Am lnternat Corp .. 3 Am Linseed fl Am Locomotive 7 Am Locomotive pf . .. Am Safety nazor ... .. Am Ship & Com.... 4 Am Smelt & nef. .. 1 Am Steel Fdys pf... 3 Am Steel Foundries. 7 Am Sugar lief JO Am Sumatra, Tcb . . . Am Tel & Tel fl Am Tobacco nf new. Am Tob Sco temp efts AMi 7 Am Woolen 'In'i .. Am Writing Taper pf. "3?i .. Am Z nc Lend & Sm.. !.' 4 Atinconda Copptr . . . 1 Aso Ury Ooods. . .. .. Atlanta Blrm & Alt. 10 All Gulf & W t S S. 8 Alch Top & S Ko pf. 3.80 Baldwin Locomotive. .. Baltimore & Ohio .. 8 Barrett .. Bethlehem Motors ... 1V4t 8 Bethlehem Stl S pf .I0SVS 6 Bethlehem Stcnl B.... 03 H Bldvn Union Gas .... 0 10 Burns Bros US .. Bulto Copper & Zinc. . RJi .. Butto & Superior Cop. 33 .. Caddo Central O & 11. I0U . . California Petroleum . 31 i Cnlumet & Arizona. . 60 10 Canadian raclflc 11W 8 Central Leather C9'i 4 Ccrro do 1'nsco Cop.. 4Ssj 10 Chandler Motors 137 94 S Chicago & Qt West pf. 31 ', 8 Chi St P Minn & O . .. Chi Mil A St Paul .. Chi Mil & St Pa.-l pf.. 8 Cht Pneumatlo Tool.. .. Chi H I & Pac fl Chi II I & Pac 6 pf- 7 Chi B I & Pao 'i"r pf . . Chile Copper 1.30 Chlno Copper 1 Coca-Cola . . Col & Southern 4 Col & So Ut pf 1 Col Grnphoptionn .... .. Col Graphopnone rts. 7 Ccnsolidated Gan . . . I Con Interstate Cal M. 4 Consolidated Textiles. 7 Continental Can 1 Continental Candy ... 4 Corn Products lief.... . . Cosden & Co 13 Crucible Steel 10 Cuba Cane Sugar... 7 Cuba Cano Sugar pf .. Clm Am Sue Co new . 0 Delaware & Hudson . . . Denver & Bio Grnnde . . Denver & Itlo G pf 8 Detroit Kdlson . . 5 ICndlcott-Johnson . . Erlo .. Erlo 1st pf 8 Famous Players-L 8 Federal Mln & Smlt pf 42 !i 10 Fisher Body 13AH .. Fisher Body pf 10 4 3 Fisk Bubbcr 31 s .. Free port Tcxaa 3l'i .. Gaston Wms & Wig.. 13'$ .. Gen Amn T Car Cor.. 30 ' fl General Cigar 63 8 General Electric 141 .'. General Electrlo rts.. 1 8(i 1 General Motors ctfs.. ssVj fl General Motors deb... 70K General Motors pf.... 7 1 Gen Motors deb 7... 81H fl Goodrich B F 61 '4 7 Goodrich B F pf HI 2 Gray Davis "'i 4 Gt Nor Ore ctfs 3ATi 4 Haskell & Barker Car 64' .. Hcndce ctfs 30 1 Hupp Motor Car 17 ,0 Indlahoma Bef 7 e Inspiration Con Cup.. S-'A .. Interhoio Con Corp... 3! .. Intl Harvester New. 134 no 'f. 31 W 49 89 3.VJ 6.1 73 P.''. 31 'j 3.1 'j . 33 4S 30 M 81 13', :.a 87 .. lira .. 34'i , . 37 'i . .I4n .. 87 ?4 ,. RP4 . M . Oil;, 6'i . 1 1 "a .10! .103?4 . 13 . 19 . 7t Low 33 V. t(104 IVi 33 V, tun U NS'a 91 39 X I3I1J 43 VV 13 1RH 91 44 mVt 83 01 i no 'a 13 30 'a nn M 39H I39K4 HI 93 Vi 99Va 4HH 109 Vz 39 54 1IT4 ffl 38 BJJ H8 74J nnn 33 Yi 131 ri .33 108 H nlH AO llt'4 33 H 1854 .10 JJ no 118 69 43 H 1.11 31 ',', no 33U 49 89 34 S 63 73 UK 31 Vt 33 H 33 48 38 81 I3;'s 38 H t7 1194 3 H 37 137 87 81H .'-Hi lll' 6'4 Mli 103 N'3J4 M94 19 70 43H 133 101 30 H Today's Net Cloaa Chge. 33H .. (I4lj . 109W 34 t'a .. 33H .. 100H IK MK W 01 -14 3994- H m'A 43'4 3 1394 54 18 H H' 04K - 'A 44 1 80K 1?4 88 91 I 100 A- 39 14 Vi 31 60&-K 'j 88 - 14 3994- i 139'. 8S94 VA 94H i'A 90 Vt- H 8'i 109H Vt 3S?4 '4 14 H 33 3 OJi-l- Vi 109 314 7494 14 H7!4 Vi 3394 V 13194 M 33 'a IV 108K- Vi 93 94 30-3 1I4K .. 85$ .. JSM, 54 10 ' Vi 3094- IJ4 60 113 6955 194 4894 - H 136 494 3154 14 60K- 3J4 33 n- y 49 - 1 891 33 4 63 IV 73 3 13 94- 54 31 ', 33 94 Vi 33 -v 1 48 39V5 tt 54 81 13J4 .. 38 Vi Vi 87 A 1194 A 4 Vt-h 94 37 - 14 I 138 3?4 Vt 8154 54 8314- VS 91 54- IK OH- 14 54 54, 107 3 I 10334 54 I Wi - I 19 ' I 11 54 I 4314 - U 1334- li 104 1, 31 94 '4 , 31 54 54 13 54 30 H 63 141 - t H .. 3894 J4 70 - tVj 78 - 314 81 14 - 94 6114 54 91 114- I 3S94 94 63 54 54 36 - Vi 17U 7H .. 43 !4 -r K 354 .. 134 II P. I'a IT III II 11 7' I l.'l I . (I 1", 3 lis Mill', 111', Inn !'Vj Tl H7S II I 1 Tnnl .ile 392(10 eharra, romi'ared wl'h j m1c, I TSO 100 elialee 100 11)11 son 100 300 310 100 100 lino 400 inn 300 700 lien 800 390 ion ion 14 ion 870n i.ion 300 400 400 3300 JA00 100 too .100 10(1 ion - 1700 tnn 3300 300 100 ion 300 .1400 1900 1800 non 300 600 6390 3011 toon 700 390 300 300 1300 11909 inn .-iiinn 4tnn inn .100 3on ion lino noo inn ion 390 1300 ?2nn 1314 1354 ' 2jnn 30H 30 H son 63 03 s,nn 141 141 - u 1 ninn 154 l?4 .. -inn !714 38H J4 nnn 70 70 - t'i Sinn 78 78 - 314 moil 81 H 8111- J4 tnn A114 6114 54 20ft 91 91 nnn 2414 3114- I .-too 38 U 3S94 94 inn ci 63J4 'A ton 36 3(1 - i ion 17 17U H too IM 7H .. goo J 3 43 u -r 1. jnnA 314 3',i .. nnn 134 134 ion 300 ton loo ahare. eKteritnv tilth Sales In I " 700 n Int Agrlcul Corp pf,, 87 890 .. Int Mer Marino.. ..... 13 1709 a int Mcr Marino pf., 8454 ion , . lnternat Motortruck,. 3314 HOft .. Int Mo Truck rts,... 3 inn s.sn Int Motortruck 2d pf. 03 300 .. International frlckel .. 18J4 99n ,, International Paoer . . 73(4 3900 , , iron Products Corp. . 49J4 190 4 Kansas City Southern. ,16 ion 4 Kelly-Spg Tire 107 :ion 2 Kcnnecott Copper .... 16 H 1300 3 Keystone Tiro & Bub. 3714 300 0 Lackawanna Steel ... 78 ' 3nno kmvo Co 31 1800 .. Loft Corp ... 1894 100 ij Lorlllard Tob 138J4 09 " 1 Mnckay Cos of 3 too 10 Manatl Sugar .13' 3050 jo Mexican Petroleum.. .181 '800 i.en Mlddlo States Corp... 3114 1400 4 Mldvnlo Steel & Ord.. 43 J4 v '90 .. Minn & St L new 13 "0 7 Minn St P & S St M pf 84 A 'On .. Mn Ivnns.is & Texas. 794 "on .. Missouri Paclllo .... ' 30n .. Missouri Pacific nf... 4 Mullln.i Body .. Nat Aniline & Chcm.. 0 Nat Hi mm & Stamp.. . . Nat Conduit & Cable. 1 1 Novnda Con'oppor. ,. in New York Air Brako. fl New York Central... 8 New York Dock pf... .. New York N H & II. I Ww York Ont & Wt. . 7 Norfolk & Western... 7 Northern Pacific . . Nunally Co 4 Ohio Cities Gas .. Okla Prod & Itef .. Ontario Silver Mining. 8 Otis Elevator .. Oils Steel fl Pan-Amcr Petrol.... 7 Pnn-Amer B .' 3 Pennsylvania H II. . , . . Pcnn Seaboard steel. .. Pere Marquette .... 5 Philadelphia Co .... . . Plcrce-Arrovv Motor . .. Plcrco Oil 6 Pittsburgh C of P... 4 Pitt C C & St L .. Pittsburgh & W Va. 8 Pressed Steel Car. . . 8 Pullman 8 Punta Alegre Sugar. 1 Bay Con Cop 4 Beading 2 Beading 1st pf Reading 2d nf 54 154 39 (II 09 9J4 13 99 07 V 80 3994 18 91- 74 18 40 Vt 454 754 ,133 Vt . Z'2 .10594 .100 . 40 , '3054 . 34 V . 3094 . 8894 . 17 . 57 . 69 . 30 J, . 99 .113 .108K . I7 . 80H . 44 454 I . . Bcmlngton Tynewrltei AH .. Beplo Steel 87 54 fl Bcpubllo Iron & Steel. 04 H 5.20 Royal Dutch Amtr...llU14 .. St Louis San Fran... 3494 .. Saxon Motor 1174 .. Seaboard Air Line. .. . 7J4 .75 Shell Transport 785$ .. Sinclair Oil 3A'4 0 Sloss sherr 69 0 Southern Pacific 95 .. Southern Ball 3394 5 Southern Ball pf .... 3494 .. Standard Oil N J rts.. 194 7 Stan Oil of N J pf . . . .104J4 1 StrumDcrg Carb 69 7 Studebakcr 73H .. Tcnn Cop & Chem.... 1094 2.S0 Texas Co .. 4914 .. Texas & Pacjfio 4494 0 Tobacco Products .... 6.1 tj .. Transcontinental OIL. 10 6 Transuo & Wms Steel. S3 V 0 Union Bai & Paper.. 110 .. Union Oil 29 10 Union Pacific HOJJ 4 Union Pacific pf 63 4 United Alloy Steel.... 417. .. Unl Bwy Invest pf .. 2054 3 United Betall Stores.. 7194 fl U S Food Products... A3 8 U S Ind Alcohol 88J4 .. US Realty & Imp .... SJU 8 US Rubber S6V4 5 USStcol 95 7 US Steel pf 10094 7 Utah Copper C8 0 Vanadium Corp 7594 4 Vn-Carollna Cliem ... 74J4 .. Vlvaudou Ino 18 .. Waoash 8 .. Wabash pf A 2394 .. Western Maryland ... 0J4 .. Western Pacific 2794 7 Western Union Tel ... 84 Vt 4 Wcstlnghouse E & M. 47 J4 .. Wheeling &L 13 104 4 White Motor 5194 1 Willys-Overland 1814 8 Wilson & Co 60V4 " nniworth F W 136 Worthington Pump .. 69 Today's Net Low Close Clite. 83 83-1 31J4 31M V 8354 8 54 8JJ4 53J4 154 194 354 V M 03 - 3 l?Vi 18J4 54 12Vi ?2J4- 54 4714 4894 3K 18 16 107 107 28 Ji 20 Ji- 54 2fl4 2094 ! 73 751 2 .1094 194 15 1894 154 135J4 1384 54 63 67 131 131 18114 183J4 II4 3094 31 94 43 13J4 H 1.1 13 - 94 84W 84 394 in 7-m- n 24 94 24 94 -4094 4014 39 39 81 61 69 09 54 OJS IS 13 - DftU DA 4. 2 67 Vt 67J4 Hi 59 50 28H"27H- H 18 18 -114 91 91 - 114 7.194 74 ?4 18 18 - ?4 4914 49 414 . 414 .. 7 714 54 13314 12214 214 354 54 104J4 1 100 3 40 2014 .. 2414- 94 30 4 54 85 54 17 1 57 69 30J4 99 117 10794- 1754 ' 17H 8514 8614- 44 4314 68 -8714 93 94 119 2414 "J4 7H 7814 34J4 69 S4H 2394 54 ' 194 104 88 1U4 Mi 1094 4854 94 43 94- Vi 6314 54 1394 54 5314 116 2814- 54 ii6j, iy 63 41J4 .. 2014- ' 31H 1H 45134 154 8714 .114 35?4 IM 0514 .. 84H H 160H 68 1', 75J4 J4 ?3?4- 94 18 ... 814 23J4 .. 8J4 .. 37 94 1014 5114 18 944 CO 14 130 68K-r 3154 103 J4 98H 39J4 20 3454 36 94 54 H 16J4 57 69 30 H 9894 113 11" Yt 44 43 4 08 8714 03 H 119 3414 11H 78J4 34 34 68 J4 9414 2314 54 1H 104 68 71 10 94 4814 4394 6354 1514 83J4 116 2814 116 63 4tr 2614 7014' 60 54 E4J4 5894 0814 9414 1C094 67J4 ?4 94 7394 18 8 2354 9 54 2794 8454 4714 1014 51 17 Ji 60J4 136 C8' Thus f.ir this week, 4,059.300 shared. Hnme period laet Commodity Markets advances in l.aini cch.niBis. Sterling ,0"- ' n'',M' !1"''1 cndition. 11 would waa on siigniiv nemanil lioins at :i S 1 14 , lie liitie snori or nnsuril to expect any nnd cables 3.HJ Frano c.ilires um, cienl chnnffe in market c'orirl,n..M. 'im.' H9K on.i rti t,., ie- i ,. .. " ". - '" I COTTON MARKET New York, May I.". The early ad- 1 vance in tlic cotton market carried . prices ahout 20 to 30 points above last night's 1 lose, with October selling lit ' Itil.l!. compared with 3.1 tW, the low- level reached on the reaction of jester- I da The teports of too much rain in Ok- ' lahnina and parts of Texns. with unsea sonably low night temperatures and re tarded grrmiuntion in the belt, were the factors on the advance Trading was comparatively active at the start. The vnlii.ne of business tapered oft Inter, and there weie unctions under realizing for over the week-end, nl- I though the lime was steadied by the 'eastern belt forecast for partly cloudy 1 and shower 1 niidltloiis Philadelphia Stocks 'wVfe -OS nn l' heel To 1- ,lru C:'M' H ar, "evcrtheless. remains ,l,, ,,e bar taUonswere 4' jn' r ''"" " '"', " Bn.nnTng under the x Belgian cahlei. t, 'il checks fill weight of choii est bits nf nttrni live in Swiss cables 17 M c oecks 17 89, guildvi' vestment goods, and selling on a bash cables 3fi'3. checKs .103, , pesetas cables in great deal chenper tbnn the "20 per 16,85, checks isn. si ckholrn oahlen enl off" slogan. 21.65. checks L'n 'i5 . ('hi iHtlnnia cables 18.D5. checks 1SI', rn.irLu 'fir. ii.li : changed. The maiket w.is f.nrh .iciiie in tlie later trading, demand sterling ndvanring to 3 81 Tm nnd cables 10 3 S31,,, francs rabies were firm at U 22 .ind checks ai 15.'24 Lire was quoted ai 3'i to foi cables and 2D 4.' for checks Heim.m cables sold at 14 't.'i and checks nt 11 .,; Marks were sllKhtl HT.-ier t .' m TBSTEItruYS t't.i.SI.Ml (jl HTV1 id V Sterllni Flanes Lire lluii.l rs Demand 3 si ll in 20.1 Cables 3 MS 113s an mi i, -,m TODAYS fii'hMMj ijrurv nnvs MerllHf IM.ir. I,,,, l,ui,,r, 3 21.'' !'': jn 'J ;""' "J I'-' .'11 11 31U1 1'i.osiNii i;i-m.vrKi.N 3 83, 1.1 '.'II jn in j,,!,' I IlllV . 'Oil . no, .Ian . March Vest rle.t" Open 10 3.1 III 3.1 3S lis .Is I I 31 ss .!:, 11.1 3.1 ill .1.1 In 31 Jll .11 30 3.1 71 31 (HI HlKh in nn 3s 17 .III IS 3.1 31 31 on 31 in Low 411 3.1 3ft 13 3.1 (III 3.1 (10 34 30 33 till Close 40 no 3S 3B. .111 1 1 3.1 15 It 03 34 Oj Demand Cable Demand Cables MONEY-LENDING RATES IMIII.ADLI.I'IIIA- Call. B per cent time. 6 per cent . i-nmmcrriHl pdpei' three to ni months 0 ei inl (Note These are merely nominal quotations us the legal rate of Inleient In the state of Pcrmsx l,inl,i Is fl.ei ,i 6 per cent. Plus premium and connnls. nlou time money for ihmv to nlnetv days Is loaning at 7 pel cent, while torn merclal papfr from three tr, months l-bcliig offeicd at 7 and 7 '4 per rent ) I.OJTI10N .Moncv is qU'lleil at f, per cent Plscotinl rules, shott and three months bills. 6 '4 per cent BANK CLEARINGS Bank rlarlw:n toda ,onitiare,1 with ,,r refpondlna" da last two ear 192(1 mm 1HIS T'hlla, JS3 IK, SI I 1113. "lis 131 J113 ;;n 1715 Tiaittmors 1 1 T2 oi'i ns;njis 3lo!on 01 IIII3 133 I10 3II.K3I . 1 Beneficial Saving Fund Changes William V McOralh. .Ir, waa elected n vlco president of the fJcncflclul .Sav Ing Kund .Society, succeeding John J Mac Donald, who recently was made nresl- derit. Louis Ii Penulgnot. Murtha I Qulnn and Joseph F. Uallaglur wpro sleeted to fill vacancies in the board tf hialiagers. e i V lw Clono rhs '-'7'. j 'j-i.j.. ir, .1.-, 1.. IT', IH(- v5 I" 10ii f "h .",m., ,",ni. i(, 'J I " '-M'i.. 22 22,.. ,"il Til .. Ml S( - .1. ,1, int, .14, r.2Ts .",2 1, rm i:Hk 's fiii, mm 1 :io .in 1 ADD3 )NrV.-FINANCIAL NEWS m PA GIT, !8 10 f'am Iron .'!;. I.'. In Co A f pd 27 i. 110 Lake Sup l."'.. 170 l.eh V11I. 12 :;22 l'n n it . im, 20 I'hil l'n cum pf riO 1.. .Iim I'hil Klec 21', 21 2 l'i.. I 100 Phil I! T 22 2 I'hil True 7, .". tteniisng 1 10 Toiin .Mm l-v, 20 l'n True .".2 Ml I' (1 I. .. I."'.', 100 Tl' S Stl ill'.. I." W ,leri:S .'111 foial nal's 1 sT'i shares, compared nl 1 (!s liars eifnla Thus far this e JJ'IIO shares Srim peru,., last week 27 1J.1 pharos Vet I'h.inae msd by comparison with last eid on Nv York Siock Rxihange siH'es m ll(IM)sl Ni Jtriiiil Utah Low Close rhire 1 Amer (las it Klec .' . 70 711 70 , . 2 Klec .V. I'eo Tr Is Ml .1R;t, fiSi, 1.. 2'.. Lib Hond ",s . .. S.S.I0 KS.10 KS.10 2 1.1 a in lihl'ts M.tis. sri.on JW.tm ,:;n I '.. Vie 3',s 'Xt. 00 firrSS 11.1.15(1 (11' I l'n lern ctf 101 U. 1011., 101 1.... 2 Itend'g g 4s R0 HO SO i I Spun Amer Iron )s... OSLj OSi.j IlSij Tnnl 130 Win lomparei wuh jim esiri(lH I HUH r,ll llil ,-K il 1 1 Same period last ek 7ns 310 DIVIDENDS DECLARED .Sew Market Manufarturlna l'n iuarierl 2Vi per rent and en extra .Hi per cent pay able May 1,1 to stock of record May 12 rtockhlll Coal and Iron Co . uuarterly 2 per cent on preferred payable June 1 to stock of word May 22 Pierre OH Corporation, 314 per rent nn . nmmon. nayable July I 'to atock of record Jl'8mou'Y?lyrI'ar,f f'nmnr.HInn 1pir Jerly" of Mnn comninn, payable July I iu 1 vCV of .rWtr June; 10, .-' GRAIN MARKET riiirago. lnv l.'i. There wns n fulrlv general hujiug of corn tills morn ing. Mnv. Jul and Stptember scored new high records for the season. Profit -tnking developed r,n the bulge. There also was selling on estimates of Ml cars here todav The raffle situation iltnl the poor outlook for any immedi ate relief weie the bullish influences. Pri-iilc nilvicts from Argentina re polled the weal her favorable for new corn, but enoimnus forwardings of wheal restricted consignments of corn from the interim reacted cent. Mav corn here opened nt 51.07. but Itilv stnrted nt SI.1M1 NEW YORK BANK STATEMENT Excess Reserve Increased $23,354, 690 Loans Expand louaj s .! nili bank statement1 Philadelphia Markets WHEAT rtecelpts. 122.SIR bushel, The market ruled firm at noernment prices I COflN Receipts. 2088 bushels Further advanced lr. IVe nuotn new. mm In run.!. was one of the biggest surprises nf the "V n"l location, at tl 08 2. OS, the latter , , , , .1 for No 2 yellow Season, in that It completely upset all OATS Receipts, 20,722 bushels Market .... , l,- ... 1 nominal, uue to scarcity OI1 Hie Wd'kH CX- KLOUR rtecelnta 1.147 fl!7 nonniln In I sacks Quiet but Arm. Quotations Pei lint iuh . pacKeu in mii-ip. jute hacks sort calculations haseii tremely large financial operiitinns. In fctcad of a deficit, which had liwn fore shadowed by the heavy govei nmeiit withdrawals, the excess icseivo was raised ?2.'i,H."4,000, making the actual surplus above legal requirements X2S, 7ii2,.'l!IO. This was to a huge extent due to the increase in tcseno in the Federal Reserve Hank nf .S:iSSMI,(KM. This, however, was partly offset by the increase in liabilities through the 'jump of ,'?S(5.302.000 in demnnd depo.sits. winter straight, western. $12 2.1'w 12 .10, do do, nearby. tl'J0 12.25 hard winter straignt. iiaouwuou. cio, short patent 114.BO1R.KO, spring first, clear til '.'.Id1 12: do, patent, tl4..inW1.l ,1(1 do, short patent. JI.1.2.1M 1(1. fancy KprhiK and ilty mills patent, family brands, 510.305 10. JU lte flour. 111. COM 12 HO PROVISIONS Dull nnd unchanted The ouotatlona wera as follows. Heef. in t tnnked and alr-drled. ,11c. beef, knuckles and tendera, smoked Hnd alr-drled. r.' pnr. family, t48; hama S I cured loose. 3.1 ,'IHVir. do. skinned loose. ,ln(t.1ne do. do smoked. 37W38c; hams, boiled, boneless ,13c. i.oaus suowcd expansion ol !.il.J4,()IHJ. 1 picnic anouiaers h. i' cured loose. 22iic no smnKBti. .oc ieiiii-j in picKie looae Details follow : AVr.RAClR This week l.asl week t2ll.7.1,ll.ln 421 S!l(l,340 r,il'i,.lii4 nun .177 37.1,000 1 11, .liu.niiii .1 1.11 ;:in noo Hxcess reserve AKgreBate rcsrf 1onns etc Cash In aultH and member hankH Ileserve In mem- lr hanks and resere banks Resene In slate banks and trust companies Resero In stale banks and trust 'Oinpanv depo.l lories Net dttmnnd le- roslts 4 1 12,313.000 1 132.701.0(10 Time inol 2.11. 371. Odd 252 334 000 i ircuiauon a., 7112 um) I'nlted Stales de poslia fledurted (12 nsn nnn ACTUAL Excess r.sette t2S 7.12 33n ApirreirHTe rfitrr ,lSfl.H2ii nnn Loans He .1,1,1(1,(11,1 (ind 5, 13(1 3111. noo j&n in auiia ana fl. 333. IMIO nn 2ii3 onn ii3,ti,io,oon im nsn.imn .up tinn.uoo S.fjIt.OOd 12.748.000 (1.1171 IIDO 11,(132,1100 ;i(i,0(i7.n(iu S3, 802.000 .1.3n7.IV10 .1.13, IVJ2, 000 minber banks lleero in mem ber banks and resen, banks peserxe In stale banks ajid trust otnpanle OO.aiM.OOn BBS. 117.000 ,120.261,000 s. 127.000, 12,782.000 to SI 7S'ri. against ?1.77Ts nt the end , "' in state vesterdn. and later sold at $1.70i. "VtSal' September started at Sl.io,li to tnries in (iin.ooo 11, Sl.f.l's. ngniiist Sl.fil-ls at the close Vet demand de xos.eribn and Inter sold at SI ..KM . r'T ".(..po,u, VAWiHZ ''it O.ils opened (Inner nn scattered buy- fin uIhMou .1.1.11111 nnn 33, '., ino In? but immedintelv nfter the stmt there was selling on estimated receipts of 70 cars. The volume of business was moderate I Mnv opened '(C higher nt SI .00, and later touched SI.07',j. Jiilj was 'quoted nt Olt'ic to O.'t'V' 'he out 'set, against !2th.c at the end jester !dnv. September opened nt 7010 to I "(P'sc against 7ti'-jcjitthe end fs lerdn.v and Inter sold at 77c. I Ileceipls of wheat here today were 1 cars, at Minneapolis, 2(1 cars, at Diiluth. 00 cms. and at Winnipeg Mfi I ,'n, I BUTTER, EGGS AND CHEESE New lork. Mm IB lll'TTKIl drm !'. ipis Jinn "ihs Creanierv. hlaher than I exirns i',3Wrt3Wc exlra (02 siorei nj'o lilJSe firsts (8S to 111 si Orel ,1S()IH, iiHrVlns stoik current make No 2 tuff ' 4(1 Up KUtlS Irreaular Ileceipls 32 307 rasfj Stnrase-narked extra firsts ISVif, do firsts 411'i 948c fresh-aalhered extra firsts I78'48e do nrsls. I44(l'ic state Penn sylvanla and nearbv western hennery whites, first to extra. BlOftSc. do brown extras. B10r.2c Co aalhered browns and mixed color. 46R0c, CHELHH tlrnt. Receipts. 470 boxes, State, whole milk. nata. held, colored and white, sufrlala. .It(7i32ej di, nveraee run, 30ci ti(te whole milk, ttata. current make while ,tnd rnlr.red epeclelf, ;f2lic i)o. averaKB tun, .'tlW2tiio. ' ,578,0110 2,1 37B.00II 8II.O0O 33.nH2.uoo I lined .Slates de. PoHllit deducted 31. llil.non 83,820,000 (H'TSIDK HANK HTATEMKNT STATR HANKN li.ins Hold I'urrem notes 1't.posila federal 1743.81(1,200 ' 1,043,4011 31.122 son Decrease 130,400,3(10 1, 11211. U00 2. .153, 800 lleserH Rank nf New lork . . . . Tiepoalls ll'4i-rve on deposit 7.1 402 000 2,384,600 883.(10.', 800 ,111,1128.700 1 211. (10 4. 100 H.0BS 400 Percentage of ieee. Hi 3 UccrrHre, ,2 TttrST COMPANII'.H Uians ... tl.inin.li.1.30ii t15.l01.30o old urrency 24c breakfast bacon. 34c, lard 2.1'ac nUTTKR Firm at recent advance Quo tations: Solid-parked creamer fan hUn acorlntr Bond, fl4HTilflc, extras i',3i extra urate, tiiwnjc. nrsls Cidwiaic seconds ,1454 r,7c, sweet creamery choice 10 fano 1110 a"c. ordinary to Rood Bni7(llr prints Job. bins' at 72W74C Mr raney and at 1113 71c for fair to (rood EfJOS Klrmly held In free cases near by flrats. 47o per dozen nearb mrnt re. relpts. 40c; western, extra flrats 47c, west ern nrsls. 4uc, selected rresh e-gs Jobbing at .14 to Bile per dozen C!li:i:SK Fine Roods scarce and drm Quotations: New York slate, whole-milk, flats, held fancy, 32c. sperlala hlnher, do, a erase, run, 2,l31c! state whole-m'llk, current make, lst, 30c common to good 34Q2DC1 Jobbing- sales for fancy held gooda. 33 if 34 a I.1VB POULTRY Fowls, fancj. 80M40c. do, common to good, 3flM38c broiling' chick ens fancy, weighing lMl'j pounds apiece 7585ci whlto Leanom hrollera B.lWfl.V old roosters, 22W23r ducks 27C30c pig eons, old, per pair BOffnoc, do, oung BOc DRESSED , POl'LTRY Fowls. fresh killed dry-picked, In t-oxes weighing Ifi.l lbs. apiece. 41c: weighing- 34 iba 424743c weighing 3 Ihs , ,17f(30c- fowls, fresh.killed In bbls.. dry-picked weighing tft.i 11 apices. 44c, weighing 3'i lbs 41'B'4''c' weighing 3 Iba. 3.1e 37c. old roosters dry picked, 31c. NEW YORK COFFEE MARKET New York, May l," The coffee mar ket opened with n steady undertone todny. first prices being unchanged to nn ndvance nf II points. The official cables from Brazil weie considered a stand -off. Rio and Sun ins hod,,. ,, ihnnged nnd futures at Santos un changed to 17." rels lower. Tlin posting of the world's visible Htipply of colTee, showing n decrca.se for the month of April of (102,415 bags failed to attract much nttention. The total supply on Mny 1, was 7,881,478 hags. New York Bonds (SAI.BS IN tlOOo From Opening Until 1 Non N. V. Tlma) Adams Kx 4s 4 SO Alk O M ev A 1 . 1S. Amer C Oil Bs 2 70 Amer Smelt'g i R Bs (1 7A 2 71V U 2 7V4 1... . 70 A Tel A Tel clt .2 01 A Tel U Tel Bs 1 7SH IV 73S 2 74 A Tel c Tel fl 1 P3H in n.i 2 n.i n 03 Ann-French 6s A. 1.. 1.. ft.. 10.. 1., n a'.'. A.. fl.. 08 B 08-4 08 U 08 B 08 B OS 118 A OStf 08 A 118 .1 08H 08 A T A 3 Fo 4s 1..,.. 71 1 71 Armour 4" 3 7R1; Atl Coast 1. 4i A 7t Dald 1. W Bs 2... . O.ltt 2 05 . f. OS 2 05 Halt A Ohio cv 11 B8 7 A8H 10 . . B8V4 2 .. B8S Halt, A Ohio 4s n .... nnn 2 .... bb; n .... S8i Halt A Ohio Bs 1 .... na',, 2 BS 1.... S8i Halt A Ohio (Is 1 SB 2 ... S44. 2 84. 1 . .84!, n o r Ij u ft XV Va 8 4 1. .. B2Vi 3 .. B2! A B2'A 1 . B2'i lleth Steel U 1... . 80i DusU Bldg As 1.. . 73W C A O cv 4 Vis M 074. 1 07. B.'.... 07M 1 .... 07i 2 .... 07 I.. .. (17 Ches'k A O Bs 2 .... 72 1. ... 73 A... . 71 2 . 72'i Chi A Alton 3s A ... 44 Chicago U'n A Qulncy 4a 1 ... 04'1 7 . 044 2 . . . 04 U r, 04t; B .... 04U 1 04U l.s-. 04U Chicago B'n A Qulncy gm 1 70, 4 .... 70(4 1 .... 70'i Chicago A G't West'n 4 t ... B2U Chicago Mil A St I cv 4Vjs 10 . .. 03 B ... 02N 1 . ... 02i 8 . . 02 Chicago Mil A St T fd 4H. I .... A.l 1 . .. BB Chicago Mil A St P cv Ba 2 . 2. Chicago Rock I A Tac fd 1 1 4 . n. 2 3. nfl'i 024 02 ; 02V, 03 02i 02V4 Chicago Union Sta 4V4a 1 .... 72 .1.... 71V4 10 .... 72 Chicago A XV Ind'a 4a 3 B0 Chile Cop'r Oj 2 74 -4 2 74H 1 . SO . . . 74 Chile Cop'r 7s 00. ... 00 City NT4V4 00 1 8S City Paris fli 3 .... 00 3 OO'i 2 . . 00. 10. .. 00i 1 ... 01 Clev Cln Chi A St L al 4s reg 1 01 H 1 fll 1 62 Colo So'n 4 Hi A... . 00 Cons'd Oas 7 2 . . . H"''. 1 ..100 IB .... 00!. 2.... 100 Cuban C 8 er A.. .. 07',l 1 07 8 07U .1... . 07 B..:.. 07 Den It O fd a.. .. 4SH 1 .... 48H D A H ' ft" B. . . 07U Den A U U 4s A. ... A0 D can Ss '21 1... . 07 1 . . 87 D of Can '20 A .... 00 A . .. 804i 1. . 80". D of Can '29 1 .. 01 K 4.. . 01H Dominion Re publlo Ba 4 .... 8J Brie R R ev A 2 . . .13 3 . .. 33 1 ... 33 Krle UR ov D 2 .... 30 Erie nilii 2 .... 40 1 ... 40 Gene' I ttleo 0s .1 07 2 . . 07 Itock'K V 4 1.4 a 4 ... dlH Hud A Man In 1 .... 18 10. ... li 1 18!4 111 Central fd 4 .... OAll 1 024 III Cent 4a 'A3 1 .... Ma 1 C0H Im Jap Jv 1st t ....' 70 1 70 Imp J Uv 2nd 20 . .. 744 1 74 H In Met ct 4'4i 2 . IB Interboro Rap Tran Id 1.. .. A2H 1 .... A3V .1 A2V4 2 62V4 In Agr Cor Bs I ... 78 ICan C A S 3s 2 B0'4 Kansas City Ti Raly 4 1 4 1 . 64 .1 . 03U L S M 8 4 28 A . 80 Louis A Nash Mono 4a 2 . .B0 Mid S A O B SO SOU 80 U 80 H 80 li 80 V, 80 i 80!. Mln A St I. 4s 1 .. ,17i 1 ?7 Mobllo A O 4s 2 .... B2U Mia Tac im 4s 2. . . B2i Mia Pac Ss '20 2 ... 70V4 N T C A 11 R R R 3H 2 .... 631.4 8 . . 03 Vi K T C A H R R n 4a 1 ... 70S S 704, NTCtHR R R en 4s 2 .... 04 B 64 3 . . (14't, n y c 4 li 11 nnii 7.. 2. 1. A in A. 1 1.. 87 H 87 87 '4 87 V4 8714 87 '.4 87 Vi 8T N T Chi A St I. D 4a 2 ,. 63 New T N 11 A Hart Ci 14 68 NT Tel's 4 Via 2... 74 ri N Y Tele'a 61 2 80 1 804 Norfk A W 4s 1 68 2 (19 4iNn Taclflo 8s A... . BO 1 B0 N'n Paclflo 4s 10 70 1 ... 69!i 1. ... 60i Oregon S I, 4 s 1. ... 7Si 1 7BU Pa RR en 4 Vis .'.... 83 renna, R R Ss 7.... S34i Panna. R R 7a 10.... 1014 3 . 101S .'I. 1... 0 .. 3... 4... St 3... 4... n... a... 1.1... 1... 1. lot Vi 10114 101'4 10t lOlU 101 Vi 101 Vi 10m 101V4 101 V4 1014 101i 101 V4 101. 101V4 Pera Marn Ba 2 70 2 70V4 Ueadlnc R 4a 13 7BV4 1 70 Republic ot C Ss of '04 1 01 Rock lal A A Louls'a 4i 2 014 42 61'i nome W A O'g n R en 0 OS S tj A S V aj 8 A8 10 AS 1 B7Vi 1 B7i 10 r,s 1.,.., B7i St h A 8 K In 1... . 43 2 434 10... . 43 St I. A 3 Fran Berles a 4 A4 2 B3i 1 .... 81 St I. A flouth Weafn lat 1 00 li 1 .... 60 Seab'd A I. al 1 34 A 84 B 84 Seab'd A I. fd 2 43 8 Hell Tel Aa Z ISI'.fc B'n I'acldo fd 1 00 0 00 S'n Paclflo 4a 1 02 S'n Pao cv 4 3B 74 3 74 S'n Tae cv, Aa 1... . 07 3 Railways 4a 2 BA A BA S'n Rlya al 4a A 03 S Railways Sa 0... . 78 1... . 78 1 78 S'n Pac Term 3 60 So niy MAO Ctfa 4 2 (11 Tenn C Iron A n n Co As 4 85 Union Pao ov !. ... 79 Union Far, 4s 1. ... 7i Union Tao Oa 10.... . 07 UICODI'.I 2 .. . HH 1 .. . 04 i 3 04U .1 044 1 B4. U IC O D.A I rets ot '22 1 03i u k a n a 1 rets ot '20 1 00 1 00 U KO SI '37 4 884 4 .... 8S 1 ... 8B 8 8S 1 8Bi V a Mexico Ss 1,. .. 34 10 .... 33 2 34 10.. 33 U 8 Realty Bs 2 . . 81 U 8 Rubb'r 3a t.. 3... 1... 3 .. 1. 4... 704 70 70 U 79 701. 70 '4 70 i U 8 Steel Aa 2.. .. 02 2 . .. 02 1 .... 02 3 02 1 .... 02 Utah A Nor Bs 2 . . . . SB Va l'n Coal A Coke lata I .... 83 Va RaU'ys Bs 1 74it 10 74 Wabash R 2nd 1 73 Weafn N T A Pa n R 4a 1 .... B4 Westn Tae 1st 2 78 West Shore 4s 3... . 67 Western U Ss 1... 7S Wn Union gm 4 71 Wilson Co 1st 1 87 1 87 1 87 LIVESTOCK QUOTATIONS Chicago. Ufay 15. CATTI.K Receipts. 2S0O head. Slow. Compared' with week M01 Prima heavy weight Jieef . Mr Io 40c lower! others steady to 2..C oer fat cows and hclfera mostlv 2Bo lower cinnera atea-ly to lovren little change In fat heavy bul laj bolognas, BOc to 7Sr. lowers bulk veal calves steady to 2,1c lower) lights AOc to ft lower; atockers and feeder mostly "mJos-Reeelpfs. 10.000 head. .Mostly Wc lower than yesterday'a average; ton. IM.hiii bull" I ght. II4.A0W14.flB( bulk 2.10 pounds and over., 18.fl014.25! ' ", . , V" 80e lower, bulk dealrabla kinds. 1130 13.30. BllfcEP Receipts. BOO heart. Direct to nsckera. Compared with week ago: Rest lambs mostly il lower! others 1 to 11.80 lower, with spots oft mora: sheen scsrre. market around BOo higher than last week a close and about BOo lower than this week's opening. Pittsburgh. May ,I.TH(5Ta7Jpr!i!: 1300 head, Lower. Heavies, 114.28 14. Bi heavy yorkers. tlB,7BlA 8.1: ilaht yorkers. iinrin.o. iiikb. .I..JUWIW. Sri-V.;;-, JrV I'.iSin'J n.ilnl. AOO head. Steady,' Top aheep. Ill.AOl too laxmhsj. 1T. CaLVbS Receipts, 200 head. ltlaher. Top. I IB. 80. lli.t llnffalo. N. Y.. May 1A. CATTI.K--Kccelpta, 800 head. Heavy, alow. Cf"v": receipts. IOO head. Twenty-flva.eents higher! ,nH008-Recelots. 4800, head. Twenly-nvo rem. jmy,r. Heavy. 114.B0al4J.vm. nl. it,.u,.v .... ... ..... iio.oi rouans, I200: 11,1 SOJMS.O.l: vorkers. 11A.I Jorkcrer;! 1 8.23 JJ 1 B. BO, pTga. ,i,HI. AH, mtattm 17nR AA. 5ltEr ' AND 1.AMD8 necelPts, head. Steady, unchanged. GAIN IN BANK CLEARINGS Philadelphia Leads Eastern Cities With 22.7 Per Cent Increase 5 HanK clearings In Philadelphia tiuin the week ended today wcr'p in" excess uf nny of tho eastern cltlca, the nggrrtm for tho week hclnjt ISDR.OOo.OOO, partly eailmatcd, against 1322,005,837 lMg cok las't year, or n Baln ot 22.7 ,,er cent. Now York's Incrcas" ,wJns hlii OJ whllo Xlie expansion In Boston wits 22.4. Total clearings throughout the l'nn.j States, according to the. Kinn.mi..i Chronicle, were $8,490,780,891, nganst. t i,ivj,f a.,i.. huh wccr iaBi year net Incrciiso'cflO.l per cent, ' Comparisons follow; ' I 111 II 1, H New YorkV3,nifl.28(!.130 $.1,008,41(1 noo 'if, Chicago . 814,413.730 47n nnn j ?. rhlla ' .m.l.OKi.oon 322 111 -"'.'' noston .130.402.0.10 "it n-rn ..i.r? 7 Kan. City.. Ht. liOula., Han Tran.,, Pittsburgh Detroit .... Ratio N. Orleans 3.10.402.0.19 Ilir,,Tii.iii 143.03.1,800 t2S,nnn,ooo 137.747.401 lin.nw.doo 77.iin.nn2 0.1,218 77.37 l.nnT.V. i jn-sSl-X-viro- 704 Partly estimated. o T Iii4.nn8,wn JSJ 82,088.4110 35 J 5V- !5'-3T ?U ",.,.)-..,D5 2)1) BAR 8ILVER Commercial bar silver was unchanged In New York todny nt 09ic an ounce, in London the price was B8d, down H"- Estimator Wanted Experienced man on general building work in general contract or's offlce. ' P 918, Ledger Office- WANTED Stock Salesman Morton R. Alexander Phila. Stock Exchange Bldg. Stockwell, Wilson & Linvill Certified Public Accountants Land Title Bldg., Philadelphia "NORMS, GRUBB & C0UGHLAM Frank L. Norrlf, Certified fubllc Account- ant F. Ernest Crubb, Chartered Accountant Edw. A. Coughlan, Certified Public Ac countant WEST END TRUST BUILDING Lawrence E. Brown & Ct. CERTIFIED PUBLIC ACCOUNTANTS lam HEAT. KSTATB TBDST niiDO. . inv'tliate and --Uost rartnersniP M.nApailon accounts Income Tax neturns Canadian Investment Financial history re- cords no time when United States investors could place money so advantageously and so safely In. .Canadian se curities r If you hare funds for either long-term or short-term Investment, you will be wellndvlscd to write for a copy of the current edition of Invettment Rccnnx mchdaltont. We list In it more than 25 desirable securities for American Investors at the present time. Address: Agency or Royal Securities 1 X CORPORATION I CANADA) LIMITED h.1 uhmaiwav dtwrosn roiszaazxzx: i 4 h MJaUkVMiJWl. HAMIITON TRUST COMPANY 40th and Market Street STATEMENT OF CONDITION MAV 4TH, 1920 RESOURCES Cash and Reserve. $638,416.71 Loans on Collateral 1,017,396.78 Investments 1,040,347.72 Commercial Paper. 420,629.65 .Mortgages Owned.. 150,250.00 Real Estate & Vaults 288,662.68 Overdrafts 148.02 Accrued Interest Receivable 29,373.48 $3,485,224.04 LIABILITIES 5200,000.00 Capital Stock Surplus and Un divided Profits . . Dividends Unpaid , . Accrued Interest Payable . . Deposits .... 266,225.78 1,229.00 10,001.25 3,007,768.01 $3,485,224.04 n..r'!,t."J ft.n2O.OI)0. compared with lis. ?a'n y"'"-"' , Thua far this wee". Jflo: 788.000. Same period last week. l74,0D5,oo6. Uh Bond avis... oifio noSb Jb JJnnd 2d 4a.. 84-.10 S4.00 I.jh nond 1st 414s 80.00 85.74 iu o ",' i' "a''1" 8'10 I-ib Rond 3d 44s 88.1'J 87.02 Close no.nn 81.10 w.74 81.40 87.08 h a II I, notes lleposlls Federal llesere Hank nf New York DeDOSIIa Itoserve on deposii 11 1)41 Mhi 10 012.600- Ma,30() 761.300 207.1.10,200 I.IB.OOO Ola 3211.700 2, linn. 200 281 418.000 2 414.300 Perter.-tugn of resere, 10,8 ilecrease, 1 STATU HANKS AND TUOST CO.MPANIK3 NOT IlEPOUTINO TO CI.EAIUNO HOUSE bank Loans . . (lolrl I'urrancy Holes Deposits federal Iteserva Hank. n( New York ,.., Tota.1 deposits... V.i Hannalla.-k . .. Iteserva un ilenoait I'erceniane ol ft $782.214, 000 I 8,aOU,Bll 18,530,000 ln,iHU.Hl, jih.m noV'J! MBJ 14 rer 1810,800 i.'o.auu 21,7(y 51(1.20f M .-' s.ina.iij Rent. . Oct. . . Nov. Dec. . Jan. . Ib. , March April . May . June . July . Aug. . Open High . 11 80 Mill l.nn II 7!i 1 I 70 11 82 1 1 AS 14.71 14 72 14 7J 1(1 13 1,1 ,1.1 IB ;n Close 11.0(1 1 4 2 11 88 11.8,1 t 1.8.1 11.81 14.83 14 83 1,1.00 IB 17 13.33 13.13 GOVERNMENT DOND8 IPanania coupon 2s. 10,10 . 101 I'anama registered 2s. 1039 101 Tanama coupon 2a, 11)38 . mi Panama registered 2a, lens 101 Panama coupon 8s, 1001 78 Panama registered 3s, 1001... 7 PhlllDDlna 4s. 1034.. .... en Ph iippina 4. inas... ,.,,,: Io Test close 14.81 14 77 14.74 14 7t 14 71 14.71 14 71 14.71 14. hS 13.07 13.10 11. VB AsU 102 102 102 102 81 84 1)0 BO I. lb Hond 4th 41i-J 85.18 S.-..00 S.V0" J ctory Note 394s 05.(58 05.50 05 50 Victory Xoto 4y,S 05.60 oHinO 05.52 Corning Crude Oil Advanced Pittsburgh. r May 15. Cornina crude oil was advanced 25 cents a bar? 1 fi. 10 at.zo. hv rh nm.1,.1 . - lnp nBencles here today. Cornlntt rrud. I Is the grade, produced In southern Ohio - $100,000 City of Philadelphia 4 Per Cent. Bonds Hated November 1, 1018. Due November 1, 1060. Interest January 1 and July 1 Coupon Bonds, $1,000 .each Registered Bonds, $100 and multiples thereof Coupon and Registered Bondi interchangeable Free of All Taxes in Pennsylvania Free of All Federal Income Taxes Legal Investment for Trust Funds v. Trice: 91 and Interest To Net About 4.46 Per Cent Biddle & Henry 104 SOUTH FIFTH STREET 3ai l'Y H 5nrt registered 3. 19S,.!nfil ine, I T .A. -4 WEST END TRUST COMPANY Broad Street and South Penn Square STATEMENT AT CLOSE OF BUSINESS MAY 4th, 1D20 RESOURCES Cash on hand, in Banks and Reserve Securities .... Loans on Collateral Stocks, Bonds, etc. Mortgages Real Estate (Broad and South Penn Square) ...... ! t $1,192,890.55 5,513,375.12 5,104,828.17 355,000.00 1,000,000.00 $13,166,093.84 LIABILITIES CaP1 $2,000,000.00 ?Vr5. V-l o'V 7 1,800,000.00 Undivided Profits j j 235,37 Reserve for depreciation .' ;.'.'.' .' OO.'oOoioO Reserve for taxes 23,860.41 Uep08,u 9,090,998.06 Charles Be Dunn, Preaidcnt $13,166,093.84 ChaiWE. Wc4b4rt, Trurcr :- ..' 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Significant historical Pennsylvania newspapers