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20.
EVENING PUBLIC LEndaDKr-PHILABELHll; TOTRSbA, MAY 27, 190
r - , r"
' I,- I ' . m
. A '. , i , , ... i
Sf
m -
11
-'"r MARKET RESUMED 1 NEW YORK stock exchange transactions
f9
! f
,
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
$30, $100, $500, $1000
Edward B.Smith & Co
BANKERS
KSTAm.ISIIKU 1802
llemltra Stw York on.J Philadelphia
Slock Kjtchanat
I'HIL.VDF.I.rUlA
1 til Chestnut SI.
NEW YtlKK K.1TN
NEW LONDON ALLCN'TOWN
UPWARD SWING
Change of Sentiment Wns Re
flected in Resumption of
Pool Operations
The Wages
of Capital
The iiiM'stnr ith avail
able fund can today
recti, e the s-ame large
return upon hi capital
a the working man is
receiving for his labor.
Wages of both labor and
capit.il have advanced
to lecU almost unparal
leled. Tim is an excep
tional time to invc-t it
you cek exceptional in
come advantages.
HVtt for our Invest mrnt
Letter S'o. E-TS
3handle3& Company
Franklin Bank Bldg.
Philadelphia
New York
New Hut mi
lloton I
llaltlmore
LET
US
PROBE
Your Silver Stocks
Vnhlaod opinion on all S'I.Vt:il
STOl'K"1 t'omplete (lata rt itN
tles. cnriiinK-. rc . Si:NT l-'I'i:
upon request
Io Vnu Ki'" tli -in x
POS" "II of 11.
SILVERS
TODAY
7
GLICK BROTHERS & CO.
1 305 Walnut Street
Walnut 62TI-.-1-C-T H.ice 335
nr:pni. i:Tir;
A. W. WALLACE &CO.
Mrvibrm O'l-iit stm I Fn 'a'trif
New York I. triit ,tand flapids
New York. Mny ST. Today' stock
market chimed little distinct trend nl
the out'ct. but lieforc tho end of the
firit linlf hour atibstnntinl lm lug orders
for both arrounts innde t In I r appenrnnoe
Nliimtiiiifotisly in different quarters of
the lif nnd the forwnrd owing wan re
"inni'd with snnie vigorous momentum
ns marked the rebound in the late
trading on Tuesday .
While there wn n general diipont
tiou to find a favorable Interpretation
nf over-night development and the
gradual changes which are taking place
in fundamental condition, the principal
incentive and impule for the resump
tion of the recovery mocmcnt was un
(liiestioriMblj to he found in technical
rather than in iniliicnccM outside of tho
market.
Tho moie cheering elements were
supplied in tlie HUiioiincenient of gold
import from the Far Kat and the
arrival at Son Kranokco of a large
consicument of the precious metal : ulo
in the continued abundant supply of
call funds nl II pi-r cent, eouplr with n
further material recoveij in the Lib
ert botid. Supplementinc these favor
able sjuiploms was th" more optimistic
Mews taken of the general iedit situ
ation l the leadine hanking interest.
'J'he fact, however, that the ttnding ele
ment was inclined to lend a ear to the
more fmorable signs was innvinoing
proof of the marked chance of senti
ment. Tliis was stroncly continued by
the unmistakable evidence of the re
sumption of pool operations in different
division of the lit.
The fulcrum of the market lever vo
supplied in Ihe pronounced strength of
the equipment shares and the sympa
thetic hardening of prii es in the steel
group. Kor n time iutercNt was eon
i nitrated largely in the industrial
quarter, but before the evinti was half
over the railroads began to pick up and
made substantial gaius In nil nam of
the list there were ninny signs indicat
ing that the reactionary party had hadh
miscalculated the real market position
nnd that wsterdaj's wavering ehibi
lion had thrown thorn badly out of the
otiiro. Thi. nt least, was suggested
in the apparent increasing discomfiture
of the short interest, and the ltmbHiM
of i hat element to reduce the large out
standing commitment without jacking
price nit against themselves
Ameiicnii Woolen showed some weak
ness at tlie start which was uttiibuted
! soiling resulting from the iudictmeiit
timed against the compauv nnd it
official yesterihn. The loss of over two
points wns reti ieved before the end of
the first half hour, when the active do
ninnd for the oil and equipment shun
turned the market's course upward.
Tools became ,iotio m motor special -ties-
also in the food, diemical and to
bnc -o issues,. Tiosch Magneto rose II
point. National Aniline 4l-., Harrett
:'.'.. and Food l'roduct ". International
Paper also nuking a substantial ad
nnii McMi-nn I'etndeiim was strong
est of the oi's. ami American t'lir rose
with ISnldwin I.oeoinotno. Annoiitoe
inetit of gold impoit from the Far l'at
iiunilnti'il further u tiv it at middiiv.
but trading icntcio( largelv in pecinl-
tios Prominent rentuie incluiloil I iu
ihh tlimtic (Jolt. Wurti ingioti Pi, nip
am! Hide nnd l.eiisl.er piotern-d -J'j
;.i 1 i it gams, while South l'orui ,
Itico Sugar rose l.'i point-
BETTER TOSE TO
LOCAL MARKETl
i neasiness Over Rapid Tran
sit Situation Disappears Over-
niphl-
-Phila. Electric Weak
i
,Which are the best for Con
servative Investment and
Profit?
New 7rc R. R. Bonds
Old Wc R. R Bonds
Comparative study sent on request.
MARTIN & CO.
1411 WALNUT ST.
PHILADELPHIA
A
-c
General Manager or I
Sales Manager
.IralriM. iniiiipitliin "Ith rstnlillslml
huslnrss of s.iunil reputation ur rl.
fliiiini'ril orennlmtion or pruvrrsslvf.
mm. Miif vi'i is' i-viktIcnio in nl
I nml KriiirHl niunnirriiirnt nnl tliiumr.
I llest rpfernrrs from tirrsrnt m-
iilnipr rtml nthem. Irspul enrn
i Inn $;.'UO .r,irl. DrtalU nt lntr- Z
, lfv
110 mi l't III if I I Ik. I it ;
in i"m n m i rTmmi inniii 1 1 r.
German City Bonds
I OK
Immediate and luture delivers
Morton Lachenbruch & Co.
I.AMI riTI.l. Ill IK. I'llll.X,
i j :ii n . .-,M
New Tin i '1 o.'" ! tr.. I ! ,1 JrBtl
All "tl . in 1 i ,
The undertone of the local market
reflected considerable improvement over
that of vesterdny Overnight calm con
sideration of tlie dtnstie suggestion of
tlie linniil Transit committee appointed
by the Maor apparently took a great
deal of the siing nut of these disenn
iirtiiig reconiiip'nilatioiis The average
im'itor i'idt'iifl i em hod the sensible i on
1-iniis to siicgo-t somotinng wns uin
'mug ami in net 'i ttitu im-tical en n
'ion wits a 1 in so nf a different lo'or
In all Heit th-ie ii little evidcllitf
if the soinihvstoncal selling which
marked the dealings in the second hour
vestordav. On the contrary, tho bar
gain hunter, si ontiug the pnibilitT of
n quick profit when a saner deliberation
of the situation wa made, was in evi
dence, ami which luijiug brought a fur -tlier
icfovery to Is. or .'' above the
bottom price touched yesterday I'nion
Traction at the ume time rallied ,"i)
i.-nts to .'IO'-j. Hut Philadelphia Tnu -tmn
made h new low at ."i-.
On the other hand, the rumored pro
i.ised issii, nf pew preferred stm k did
rint muloi.iU s, t p1 with some of the
Philadelphia Fleitru sharchhi.r He-
nient liqiiidntion in that tok. on a
fairn heavy srnlo, i arriwl the prii e to u
new low level for the i nrreut movement
it (l'... an overnight loss of .51
In nil other p.ots of the lit there was
a umloncy toward bettmuout At least,
mo.t of initial quotations ngistoroil
substantial fractional gains over last
night closing level L'lcitrn- Storage
Hatterv added 1 point, selling nt 110
Into1 leaning to loll. 1'imed tas Iin
provemenl mined up n pig to l"ri then
.coiled to )". Pennsylvania Ilailroad
wits steadv at Il'.l'-j American Stores
and Lehigh Nuvigulinn were unchanged
nt H nnd ."0. re.pe. tie . Small sell
ing I'ldci-s ilipped i, of l.uke Superior
.it Kt
Sales
ion
coo
uon
moo
400
000
SJ00
COO
100
isou
too
s'.'OO
100
;oo
ooo
ion
tno
1300
14100
1900
AOO
1J00
'.00
i7on
700
400
,'i00
oo
IK0O
7400
100
A0O
700
2609
1200
100
300
100
'00
33700
inoo
400
100
1700
1)00
inoo
too
oaoo
200
.100
loo
100
oo
700
400
390
100
.oo
100
soo
3 1 Oil
'00
r.oo
.soo
300
too
90
II DO
030
500
100
l'.'UlO
JOO
7U0
3100
on
no
4. JO
30
1U0
100
7100
100
MOO
100
S30
330
700
sooa
100
r.oo
10200
1DU0
.too
35)0
400
'Oil
too
600
2100
12 1H
1000
non
100
I20U
21)0
too
13.100
230
324
9011
1300
.: iii
ii tin
230
too
100
101)
22 10
ton
210
:ioo
ion
1400
IUII
(111
Itll
III)
lion
2110
29 iO
won
4700
100
J" High
. . Adams Express 30
. Advance rtumely .... 31
0 AJiuc Rubber 60 14
.. Alaska Gold Mines... I !i
. . AUIs-Chnlmera 23 3 j,
Am Agrl Chem 88(4
Am Deet Sugar 1
10 Am Dosch Magneta ..114H
. . Am Can 3ftH
7 Am Can pf 8014
12 Am Car ft Fdy 137
7 Am Car & Fdy pf 103 Vi
4 Am Cotton OH 43
no Am Drug svn 12
. . Am Hide & Leather.. 18?i
7 Am Iltdo & Leather pf. B2U
Am Ico 43
o Am Intern at Corp . . . 8S
3 Am Linseed 82 H
0 Am Locomctlve 7W
. . Am Safety llazor ... IS
.. Am Ship & Com 20
4 Am Smelt & lief 60?i
8 Am Snuff 101
3 Am Steel Foundries... 30H
10 Am Sumatra Tob .... 8814
7 Am Suear Kef 138
8 Am Tel ft Tel .1J-4
20 Am Tobacco 319
B Am Tob See temp ctfs JiTi
7 Am Woolen 88 tl
7 Am Woe ten pf 85ft
.. Am Wholesale. ro pf. 024
. Am Writing Paper pf. 41 Ji
4 Anaconda copper .... 7?
6 Atch Top & Santa Ke. 80
0 Atch Top & S Ke pf.. 73
7 Atlantta Coast Line.. 85
10 Atl Qulf & W t S S...104
T ustln Nichols Inc pf 24
3.30 Baldwin Locomotive. .11MS
. . Bnltlmoro & Ohio .... 32
4 Baltimore & Ohio pf.. 42
2.40 Bnmsdale Class A... 41
8 Barrett 127 i
. . B.itopllns Mining . . 1
. . Bethlehem Motors ... 21
6 Bethlehem Steel . ...8714
0 Bethlehem Steel B... flOT-t
.. Booth Fisheries 014
.. Dklyn Rapid Transit. 12
7 Brown Shoo 10
. Bruns Term PP.... 0V4
10 Burns Broi 11314
7 Buffalo A Susq 00
.. Butte Copper & Zinc. 8)4
.. Butte & Superior Cop. 234
. . Cadde Central O & It. 17
fi California Packing .. 9T
7 California Petrol pf.. 07
1(1 Canadian Pacific ....110
n Central Leather 60'i
7 Central Leather pf ..100
4 Ccrro do Pasco Cop.. 45'i
10 Chandler Motors ....132'i
. . Chi & E I pf 13 T Ctfs 7
f'lileago & Ct West . 7H
2 Chlcnso & Gt West pt 31
. . Chi Mil & St Paul S2'i
.. Chi Mil & St Paul pf. 40
7 Chi & Northwestern . h0
8 Chi Pncumatlo Tool.. 84' j
.. Chi II I & Pac SJa
fl "hi Pv I & Pac G pt. 023
7 Chi H I & Pac 7 pt. 73i
.. Chile Copper Id1!
1.S0 Chino Copper . . . . S" '
.. Cle fin i-lu & St I. 'C'i
1 1 oc.i-coia ::i'
3 Colorado Fuel & Iron. 3I'B
6 Columb Gas & Klec... 44!:
. . Col ti Southern 22
1 Col Graphophone .... 32j
6 Consolidated Cigar. . . 1)9
7 Consolidated Gas .... Kt'S
2 Con Interstate Cal M. 11 "1
8 Consolidated Textiles. 34
Continental Can 3
1 Continental Candy .. 11
4 Corn Products Ifcf... 95 's
7 Corn Prod R-ef pf.... 1034
2.40 Cosden & Co 339
12 Crucible Steel 130
.. Cuba Cans Sugar.... 50'
7 Cuba C.no Sugar pf.. 80 2
7 Cu Am Sugar New . . 47
fi beers Mines A Shis 30si
.. Denver & Bio G pf... Ill '4
1 Dome Minos UH
5 ICndlcoU-Johnson .... tl
.. Erie 11 U
. Erie 1st pf 183
Famous Plajcra-L ... 731j
Famous Playeis pf . . . S3?
Fisher Body pf . 102 ?
Flsk Rubber 30 14
Frceport Texas 20 '4
General Electric 114 U
General Motors ctfs.. .8
e General Motors pf.... 71 '4
fl fScnurat Motors deh .. 73
7 Gen Motors deb 7.. S3
6 Goodrich B F 2rj
7 Great Northern uf . . . "3'i
4 Gt Nor Oro ctfs 30
Green Cananea Cop... 30'i
. . Gulf Mo & Nor pr. . . . 30 4
. Gulf Stnto Steel . . .. til 'a
. . Gulf State Steel 1st pf 00ft
Haskell .t Barker Cir 654
A llomostako Mining
1 Hupp Motor Car
7 Illinois Central
.60 lndlahoma Ret
0 Inspiration Con Cop..
.. Interboio Con Corp..
. . Inter Con Corp pf . . . .
Int Agricul Corp . . ,
ft Int Agr.cul Corn pf .
n 1 ti tl Han ester New
. Int Mer Marine . .
. . Internal Mctoi truck ,
.. International Nickel.,
.. International Taper.,
. . Jewel Tea
5b
l'2
85 H
7
3
3
12
1'2
81
123 ' 2
11'
47 J4
lh'
12
9'5
Low
30
34
uet4
114
31 ?
84
00
11014
38
9014
134
10.114
431$
12
18
00
43
84
SI
84 '4
H?4
20
60
101
3SH
87
137
83 H
310
43J4
9fift
OS",
92 H
40
48H
7S!4
73
E4?i
102
23 J4
11214
30 V4
41 H
4IH
124 14
1
29 14
87H
3SU
8H
.13
105
!4
113
0B
8(4
331.4
17
6914
67
US
65
100
44?;
120
7
7H
21
3H
48
70
84'1
31 H
C2i4
7315
14?4
32 i,i
464
32
30:4
5414
22
31 U
69
82 V,
ll'i
33 4
81 ti
1014
02ti
103H
:.
I3P4
40i-i
f)0i,4
5014
3li
10'i
'
SOTa
ll'i
isu
714
S3
102 H
29 !4
20V4
144 1 4
27
74
72 '4
84
Alt,
73H
35 'i
30 Ji
39ii
111'
90l
64 H
55
1V4
83
7
52' 4
3 14
ll'i
ID '4
81
124
31 !4
4314
17 V
70
9V4
2:80 Net
(NYtm) Chae.
30
31 1
os 14- !4
114
33 114
8614 '
01 1
113 G
38H 1
9014 14
136 34
10314- 354
4S 111
12 !4
18?4 14
93H 314
431
85 1
83H t
14T4- !4
20
60J4 H
lot 114
39H M
8814 H
12714 U4
03 - l4
210 H
f4T4
8814 1
94 114
92? !4
41H IU
4714
80 14
73 - 14
85 - 14
164 3
24
11514 f 314
31 H 4
42
41H4-
12714
'I - 11 '
31 !
87 H- 14 1
90T4 4- 2, ,
914 !4
13
105 4- 3
0)4 14
113
60 1
814-i 14
23 Ii- Ji
17 - 1
09J4 14
67
116 t- 'i
60 2 ?i
100 - 4
4414 1.
13014 14
7 - 14
7H- H
21
3214 ?
4BJ4 14
80 1H
81 1-2 t.;
354 4. H,
62M - 4
734 - H4
I4?4 - '.4
S-Ui-i- t4
46Ji-(- ItJ
J3H "hi
31 H i
54 J4
22 1H
33 -r 1
69
821-i- 1 4
14J4 u
34
83 i (J
1014- :
04 11-4
103K 14
334 '
135 54 ar,
50Ji i
8014- ?4
4614- l'i
304
10'i- i4
'' - 'e
97 '4- 1?t
ll'i- i
1814 Ji
12ti ( 1,
S3?4 H
102H 1H
30 1- Ji
20 li -r 14
144 Ji t
271.B114
74J-2
73 1
!j5 1
62 -; 1 ,
73'. -r It;
SO t- 14
3c;
30J4 -t 3
61 li
00li
6514 21j
55 t '-j
16 54- 14
834
1 - Ii
43 4 7
:li- '4
13
ID '4- 'i
81 - 'a
133 'i 2 i
3114 I1
41 44
18U ',4
72 2
914 '4
Sales
100
600
1300
700
100
1400
100
too
800
200
300
100
100
11300
600
6300
700
too
800
3300
600
400
200
300
2300
390
100
153
too
100
1030
2480
100
' 2000
200
400
3(0
3100
2100
1800
290
100
600
1S60O
4400
100
1390
300
moo
1700
1200
2000
4830
600
100
100
500
100
1000
100
500
too
400
300
4800
too
4400
8500
4300
100
4300
600
300
(00
400
200
200
300
509
10300
700
5900
300
3490
500
10
1700
30
1700
17800
too
390
4000
7300
200
1990
1011)
390
100
24
too
IUII
200
1690
100
400
1800
990
40D0
3S0O
390
4330
,00
32390
330
100
200
50i)li
700
300
200
490
100
100
1300
100
101)
79U
200
I7()l)
1801)
290
1490
DIV.
In
2
S
6
2
Jones Bros Tea 23 (
Kenneeott Copper ... 2714
Koystone Tire & Rub. "SJ4
Lackawanna Steel ... 7014
Leo Rubber & Tire... 28
Locwe Co 20)1
lxi ft Corp 15
Lorlllard Tob pf 103
Manhattan Kiev guar. 4354
Maxwell Motor Int pf, 41
Max Mot 1st pf ctfs.. 31J4
Mnx Met 2d pt ctfs.. ii
May Dept Stores ....US
Mexican Petroleum ..17014
Miami Copper 20 H
Middle States Corp... 20i
Midvale Steel & Ord.. 43
Minn & St L nerr.... 13
Mo Kansas ft Texas.. SH
Missouri Paclflo ...... 24 Ji
Missouri Paclflo p't. . . 42
Montgomery Ward .. 33
tulllns Body 38
National Acme ...... 33 K
Nat Aniline A Chem.. 6614
Nat Aniline & Ch pf. 8054
Nat Cloak & Suit pf. . 96
Nat F.nam & Stp pf.. 933$
Nat 11 R of Mex 2d pt S
Nevada Con Copper.. 13
New York Air Brake. 100
New York Central.... 08
New York Dock 33
New York N H H.. 2914
Norfolk & Southern.. 32J4
Norfolk & Western... 90
North American 53
Northern Paclfla .... 74
Ohio Cities Gas 38
Okla Prod & Ref 4J4
Otis Steel 3454
On ens Bottling Mocli. 51
Paclfla Gas & Eleo... 4714
Pan-Amer Petrol ....1034
Pan-Amer B 99
Parish & Bingham... 32
Pennsylvania It R.... 394
Penn Seaboard Steel. 2014
.. Peoplts Gas Chicago. 35
.. Pcre Marquette 2414
S Philadelphia Co 35J4
. Phillips Pet 3814
.. Fierce-Arrow Mot.... 50 H
.. Pierce Oil 1634
4 Pitt CC&Stli 6914
5 Pittsburgh C of P. .. 5714
.. Pittsburgh & W Va... 294
1 Pond Creek Coal 1654
8 Pressed Steel Car .... 9914
8 Pullman Hi 14
C Punta Alegre Sugar. .10314
8 Railway Steel Sprlnr. 91 H
Rand Mines Am Sbrs. 2S14
1 Ray Con Cop 1114
4 Reading 34
.. Remington Typewriter 64
.. Rcplogle Steel 87J4
Republla Iron & Steel. 9114
Royal D N Y rets 115?i
St Joseph Lead 16
St Louli San Fran .. 24
St Louis Southwest.. 12
St Louis Southwest pf 23
Savage Arm 411
Saxon Motor 11
Seaboard Air Line pf. 13's
8
10
1.60
4
4
3.30
7
7
i
10
s
2.30
t
6
7
4
.40
8
4
6
7
4
3
(1
6.20
1
4
7
0
i.io
4
7
4
4
1
&
6
Ex-tli
Sears-Roebuck 20914
Bhnttuck Arizona .... 9!4
Shell Transport 75
Sinclair Oil 33
Sloss-Shellleld S & I. 05
Southern Paclflo 94 'i
South Porto Rico Sug.2r0
Southern Rail 23 '4
Southern Rail pf .... 40
Standard Oil of N J.. 701
Stan Oil of N J pf 102 Ji
Sta Oil of N J rts.... K
Stromberg Carb 72
Studebaker CO?.
Superior Steel 48H
Tenn Cop & Chem.... 10
Texas Co 47 14
Texas & Paclflo 42J4
Third Avenuo 19
Tobacco Products ... I0i
Transcontinental OH . 14 7-4
Transue & Wins Steel . 53
United Alloy Steel.... 41 'i
I'nltctl Clear Stores .130
United Drug 127
United Fruit 201 '4
Fnl Rwv Itnted pf . . 19
United Retail Stores.. 74 4
Union Bag & Paper .. 78'i
Union OH 28 14
Union Paclflo 116 14
Union Pacific pf e3(,
U S Food Products .. II3H
U S Ind Alcohol 86 li
U S Realty & Imp... 4tf
U S Rubber 044
U S Rubber 1st pf...l07
U S Steel 1414
U S Steel pf 104 Ji
Utah Copper 7011
Utah Seo ' !
Vanadium Corp 75
Va-Carollna Chem ... 74
Vlvaudou Ina 18 54
Wabash 3 H
Wabash pf A -3
Wells Fargo Exp .... 40
Western Maryland ... 9J4
Western Paclflo 29J4
Western Pacific pf... 60
Westlnghouse A Brakol044
Westlnghouse K & M. 18J4
Wheeling & L E 9T
White Motor 5314
Wllljs-Overland "
Wilson & Co 13 li
Worlhlngton Pump .. 4
vldenil.
33
2754
24 K
6714
28
2814
15
103
43
41
34J4
27
115
174
3054
34 H
41
13
54
24 H
41
3l
38
33J4
62
8014
96
03J4
6
iK
9H
33
2834
22
8934
33
73
37
4
24 J4
51
4614
10134
97
XI
39
2514
33
3314
144
3714
474
1014
6954
47 li
29
1014
9014
11114
1C3
04i
3SJ4
17
82
C4
86J4
88 H
1 1 4 1,4
10
23 J4
II
21 IS
50
1014
1214
20914
954
74
3114
6314
9314
288
21 H
5474
701
10114
54
06
64 14
4SH
10
46
40
114
03 4
14"i
3134
4l'i
no
I27?4
201 i
ISTi
73 Ji
7814
2
1154
6314
6114
85
53
93 li
107
02 li
10S14
70 ',4
714
7214
72
18
7)4
22
40
0J4
274
60
104 i
18'4
94
41 U
17'i
13U
C2
3:30 Net
(NYtm) Chie.
2SH- 14
2714
254
V
1
314
"'a
?
34
14
34
H
7054 314
28
29
15
103
4314
41
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27
114
175
304
26
414
"13 4-
SK
24
4IJ4
33
38
33 tt
6614 n
8614
10 3H
92i- 114
5
133-4 H
100 4J4
68 34
33 1
284 14
22J4 354
89J4- 14
5.. t
74 1
38 134
414 14
2414 ..
41 3
4614 - 14
103J4 214
99 354
32
3934
3614
35
24Ji
8554
3774
40 214
1614 14
6354 34
47 (4 54
29 14
1614 14
8014 314
1H 14 "i
K31, H
9434 13,
2834
1714
34 4
87 34 24
OI54-1 3
11834
10
24344-
12 J
UVi i
50
11 I-
127434
20014
914
75
3271
03
r-4
290 4 15
2214 54
46 4 1
701 -13
102 5'j
14
1H
134
H
l'i
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114
li
l'i
14
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154
3
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72 -J 434
153-4 314
48H 114
til
4 (l'i 4 i
42
114
661i 1
1434
43 f
414
130
Hi
27.
14
20
13.34
2Ul'i
19
74f,
7855 1'3
2814 '
116 H 14
63 li
(.3
8534
54 14 4-
55
107
S3 34
104-H
7014
7'i-
74 34 31i
74 -r 2
1814-
7i
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9Ji
2914 -i
60
104,
48 H -
or,
42 i
174
37i -C5
1
134
254
1
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274
114
li
134
74
114
li
31i
54
li
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54
Mi
U
Hi
H
'i
254
r- i 1 Philadelphia Stocks
Dunursne t. lis III4K
I llltoil luls linn lis 101
1'orlllllil K I I Vr. .1 Itll
IVn ii utrr A I'r "is lam
Nrw Orl"Hii Tfrin, 1 pii
riiiia it.i'i i ish 1,1 u. ioi j
4 lrp nil shore lino l'v. 11101
l.rlilsh ii i N.u l ,s iu,!
B0EHUING, GARRISON ii CO.
M(M U r( IIAVr.R III ir.TilKr:
t Oirrrt rritatf Ififiiliun tn Ntuv urk
jiriuiirrn i nun. riirK i,i n.iriiTf
Investment Securities
MacMcekin & Williamson
llruiiil A s iiismn lroel
Nnrtlir.iHt f ornrr
Mftnbrr I'lillu. Misk I eli.inte
Attractive Coal Stock
Wentz Company Management
ritronir honril uf dlriciun.. I.kirllriit r.irn
nis nml proirrt. I'rlrr lu lrlu iiiirmiite
U Oi B. LANSINGER & CO.
1S24 Clie.tnut St.
, Nnruee KHItl
f?
H vn
'.Alii In on
II 1 Am Sir 4-1
in .Ati bison Til'i
I s jiuff .L S
t c prcf I."
in lirill .Mill
m; i:i Stor .110
l'i" Lake Sup l"t x
Ji) Li h Vnv ."!i
.'. I.eh Val 11 ' ...
in O Kis nl'r t!0
L'.-J Pa li It .".!i'..
"01 I'hihi Co
1 1 1 111 pf "44 li
Jl.'s Phil i:le. L'I '.j
i.'ii-j phii it r is
J I." Phil 'I'rn. ."."li .
'in Tono Mel 1 1,
lull Tono .Mm P
Kill I'n Trai .'lll'.j
10(1 I fi I . Pjo
7(1 1' S Nil. !i:i
! n
JI)
14
7!"
I."
II
Kill
i::
."!)
IPs
ill
:;!i
:!0'..
.in..
lT'J
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Ps
1 .
.'!(),
VJ.
!IM
1 in
p in
JO
It ..
7!) 1.. 1
rhge
ir. . .
II -:i
1 10 -1
l.'i' .
."ii . .
"'li- r'K
(10 . .
.".!)'
1.
:iu'....
JO'C- r.s
IT'-r '4
l's
Hi
t-a-r -
:mi..-( t..
i'.' . .
fW'a.
FINANCIAL MANAGER
aentleman. with icptionnl trainhic
In imxitment ami coimrvntlnn of entateii,
Will conjlili-r connection with subnUMUl
rrlvlD Intcrrets. IJiMrlnowl Invettl-
ftor, linmil knuvrlrso of lv anil eon.
rafta. V'U trawl, l'r233. I.elcfr ()BIa.
V4it nhiintra litfljtai K onmnjrlaAn sarlth Ina
.-. s .. fB atsv-fl.- 4 vimiii-hi in-ill VTI1 IUVI
n. nn New YorK rtiock Ktchunz
K.il. in liONDN t 30 N
S 1 01x1 High lxw n m rli
2 Klec A, Peo
Tr is . . ns r.s r.s . .
71 . Lib Hond
" 2d I',. .n.".n s.' r,o su.noi.io
7 ltd l'i !0 7(1 110.70 H0 70-1 00
:. 4th t'tH S7.00 S7 00 S7.00 .04
1(1 t 5 Vic -t'!t8 11(1.40 1)0.4 00.30. 10
2fl Penna To
tern rtfs.,102 10n, 102 M,
1 Phlla Klec
let Os.... 83 S3. S3 .-
Financial Briefs
Appatentlv there are still a few Ren
tlemen of the New York Stock Kxchance
9ry hungry for lommlssions. This fact
was lid! demonstrated in the refutal
of tlie guxuinuis to giant the ewra. boll-
rtav on S.tulla aiuiourm nm nieui
beis signed the petition, the wise men
of the I10.11U believeil 11 a Letter part
of business (commlsalonsi to keep the
blc exchanse open for two hours and
spoil eserj body's hollda.
The nieotitii? of the iluertois of tho
Baldwin Locomotive Works, scheduled
fot todav. has been postponed until
tomorrow
The New York Subtrerfsurv gained
JI 106,000 from the hanks vesterday,
making a cash net gain since Friday of
$5,283,0011
Tho avtiage price of twem active
Industrial rtoi Us declined 0 '-'.'1 per cent
vesteiday to :mnl, while the twenty
lailroadB advanced n 0 per tent to
71 37
LIVESTOCK QUOTATIONS
(hli into. Hiii -7 - KOOS Bailmated r
elpt H 000 hml left oifr. 4J0I) hmirt
Firs' rh'h toft -Th hiahr month on tra'l-
rm 4in r4 tr,r npio ann maiuni Dtucneii. .
AMTin rr.ii. M.sr1a $14. lib I
i'ATTI.K- hallmul"! leenpta 8000 IiimiI I
MIEK1' Uttlmirnl nxeipt 12.000 lieail !
I'lll.liurtll, Mav JT 1HMJS ReCflpU
tsnn hmd MarUe' hlsh'r lleavlea IlliW j
1 .-. ir.'. hfav lorkfr 1 1 rt ft 1 r. in iluht or
r ti4 TftTi 14 put' liaw la r.n
"HKKI' AM) I.A.WH8 nrut 300 tnu I
MiKrt airail' Tnn hei. ll'i, lop lumbii '
JIT I
f'AI.NKS (llpt, i',10 head ilarkt I
.IMd)' Top. 115 50
llisl lliinulo, N. A.. Vlnv 'J7. CATTI.K
nrlpts J'lO hPil SrHd CalV I-
reipi .ion licail Twinn tle cents lim.
joausr, ,
linos ii.'i.'ipii. innn nau Mrnne in
7. r-ntii huh i Kran I15(J I." il.'i nnvi.i
nnl vorkers 1 1 0.'. IThtilo tl 1 f.nw ir. .;,
dib f 111114 riii r..uclia $12 25W1-.' .Vi.
HtMtfN 17 tf I
lIIRKI AND 1.A.MUS Ilrflpts, 800 h-.il
Arnie Unnlii. jsjlslu arllni !(
11 .Mi wthr 1 L' ."0 1 I (. Ml '''(
1J rrixed heep tllPl'J M
Bank of England Statement
l.iiinlnn, .Mav J7 --Tho weekly state
ment of the Hank of England shows the
following changes Total reserve in
creased 6'i0 000, circulation, increased
1583,0(11), bunion, uecreaseu ti7 i ex .
other securities decreased iSH 000 '
public deposits, decreased 3 457)0n I
other deposit- decreased fiw.vuu . notes
reserve, decreased 683.000 , government
securities, decreased 2.150.000 The
proportion of tho bank' reserve to
liability la 16 40 per cent; laat week It
was 16,49, Hate of discount, 7 per
cent. y
Foreign exchange
New York, May CT At the opening of
the foreign fxthange market today,
sterling continued the advance stalled
yesterday, being ipioted .it 3 8T!4 for
demand and 3 SS for cables Francs
were weak, cables selling at 12 70 and
checks at 12 72 Lire cables vveie 16 SO
and checks 16 &'.' Marks sold much
lower, tho quotation being 2 78, against
the high of 3 13 vesterdny
Other quotations wei Helglan
cables 12 18. checks 12 Co , prsetUH cables
1G.50. checks IS 46. Swiss cahlea 17.84.
checks 1
checks 36,
checks 21 2o ,
checks 1 S l :. ;
checks 16 40
YESTERDAY S
guilder cables 36 li
Stockholm cables 21 30,
('hrlstlanla cables 18 25,
Copenhacm cables 16 50,
Dtmanl
Cables
I'lVAI. QUOTATIONS
riterlln Kranni t.lre ilutlriera
8 ni, in mi hi ur. xns
3 S7 13 t)7 1H 5.1 39',
TODAY' 8 OPKMM5 Qt.OTATIOS'8
SirllnK 1'ranrn I. tie GullOrri
Demand
Cablet
il H7
3 8S
12 '
1.
HI 1)2
Id 00
ai
:i'i
BANK CLEARINGS
Hank Heailnas odav compared with ror
resiMjndinc 1j last mo f-ara
1H20 HH0 1V
PhlU lilt Slid 0(1 10 O60 354 HqihUv
Huntnn lil lhO.545 50 11.16 44 S llollit.iy
Ualtltnoro IU 717.220 12014 757 Holiday
MONEY-LENDING RATES
M'.U IIIIIK Monev on call both
cusses of collateral, opened today at 6
pei cent for lending and renewing
I'llll.MIKI.lMllA Call 6 per rent;
tune, i; per cent, lommerclal papei,
thiei in six months 6 per cent.
(.Note These are merely nominal
quotations, as the legal rate of Interest
in the state of Pennsylvania Is fixed at
6 pei cant Plus premium and commis
sion time money for thirty to ninety
uiivh is loaning mi i per rent, wnue
commercial paper ftoni thiee to six
j hi'.nths is being offered at 7 and "U
per ient )
LONDON ilnnei ; quoted at fi4
per ient Discount lates. short and
thiee months' bills, 6T per cent.
DIVIDENDS DECLARED
l nion ( arbld and t'arbor Corporation,
inarerlv of II SO. raable July 1 to atorlc
of record June 10
I. a Lulls Iron NYorka, quarterly of II SO
on common and 42 on t'rafnrrefi. payable
June 30 to atock of record June 18
MontKomerv Ward Cu quarterly of
$1 75 on data "A' and nw preferred, pa
able July 1 to atock of record Juna 20
Cuba Co . wmiannual of 3V4 per cunt on
preferred, datable AutYiit 2 to ttbek of rec
ord June 30.
Prices Firmer on Paris Bourse
I'arlt, Ma,y 27 Prices were firmer on
thn Bourse, today. Three per cent
rentes were quoted at tSf 46o; exchange
on London. (If 4Qo; K per cent loan.
S7f 8 Be. The dollar was (luoled at 13f
13C ti. i
' Prei lous
clnae
,lul ... SH 13
October 35 HI
Decembei HI l"i
January S3 70
March 33 25
Commodity Markets
COTTON MARKET
New Yorli, May !27. The cotton ipar
let had a uteaily npenlns toduv. with
first prices fi points lower to It points
higher, followed by lather shaip ad
vances to .1."i.4ric for October, ot LI
points above the lowest opening levels
nnd 11 points over Inst night's close.
Liverpool traded both ways. Tlie South
wns n moderate seller.
Most of Ihe early demand came from
shorts. At one time Liverpool was
weak, due to selling after jesterdnv's
advance, but rallied considerable fiimi
the lowest.
Over most of the belt, weather con
ditions, according to earh private hiI
vices, were favorable The .Memphis
Commercial Appeal figure wns ll,".4.
At the end of tlie lint twenty min
utes tlie market wits quiet but 'steady
on the basis of 3."..1K- for October.
The receipts of cotton at the ports
for the dav are estimated at 8000 bares,
against 10.737 bales a week ago and
1 C.304 bales a year ago
N V.
time
Open 11 30 am
IS 05 ,17.(111
.11 3n 3,1 'J4
3t 21 34 20
in .ii
33 .' S3 25
GRAIN MARKET
ClilcaRO, May 27. Selling hv a lead
ing elevator concern, piouiinent com
mission houses and loial interests
weakened deferred corn futures this
morning. The volume of business was
moderate. The receipts line today were
110 cars.
Mny opened nt $1.!l.'t. but sold ofT to
.! .tlli'Vs,. July was limited at ?t.(i! to
$t.flS'(, at the outset, against $1.I!)
at the end .vesterdny. and receded to
Sl.fl'fy. September was quoted nt
Sl.fiDT to $l.rifl3, at the outset, com
pared with $1.(571 at the close yes
terday, and declined to St :i!'4.
Distant positions In oats were weaker
under scattered selling in small nmounts.
Huying power was poor. May wan a
little firmer at the start, but turned
easier. The receipts were Of) cars.
Receipts of wheat here todav were 21
ears; nt Minneapolis M.'j car's and 44
cars at Uuluth.
Iitadlntr futurei ranted nt follow
If'hlcavn l.
urn iniw urnvrrvi
Open l(lli
siav i ess t on,
July 1 69 1 (111
Oata
May 1 06 1 OH
July ,. VIS VIS
Lard
July ...,21,80 2180 21,05 21.te. si. at)
Ulna-
JU1JA'k'd1 I8'B0 ,8',5h18-0 I'-5"
ATTENTION OF CURB
El
CENTER
D ON OILS
Many of Group Mnko Gains
Ranging From Fraction to
Two Points
t
New Yf)rl(, Mny 27. Mexican Pnnuco
wns ii feature of the trading -on the
Hroad Street Cinb, Inrim denling?. hi
stock being made nt an advance of from
14 to 17. Other oil atoeks were gener
ally strong, many of them making gains
ranging from fractions to 2 points. Some
Issues were offered by the professional
element that have been nctlvc on tho
short side for n long time.
General Asphalt ranged from OS to
01) on fairly largo transactions, nml
Tropical moved up from 20!!i to 21.
Slmms wai In Increased demand, ad
vancing from 15Vi to 1B. Cosden sold
nt 0 nnd 11.
Industrials were generally steady,
Hercules Paper sold nt 21 to 22, nnd
IL .L Iteynolds (new) wns traded in
nt 41 to -M.
There wns n mnll amount of business
In Sweet? nt 1V4 nnd !,(,,
INDOSTRIAl.S
Acme Coal
American Candv
American Woolen rts
Cleneral AiDhalt ..
Ilerculea Paper
He den chemical . . .
Mercer Motors ,
lladlo Tom ,
Radio fim of
Itepublle Tire nub . .
It .1 lleynolda (naw) ,
II .1 lleynolda (old) . .
Hoy de Franc . ...
Blnirer Mfrt
Hweete Co
Tlmea Square Auto . ,
t.' H High Speed Tool
Wflliall .-. .
U S Steam
L'nlted Plot l'rod ...
t'nlted Proflt Kharlna- ... l'i
Union Carbide 68
STANDARD OILS
Anglo-American Oil 22
ti.tft
High I.ow p.m.
5fe sit m
. no
. 24
. M,
. is
. 2
1'
. 2tfc
. 4a
.410
. a
.124
. IS
. 33,
. .12
. at;
. 2S
OR
21H
r
mi
I
2S
41
404
n
l!4(
S3H
3?.t
3
T
08
OSS
-'2ti
r
is
ii
atS
43
no.t
r.;
124
IS
.13 ',4
32
Ji
2S
n
i"
flS
INDEl'FN
Allen Oil
Allied Oil
Arkansas Natural Qa
Ark Nat On rts .. .
Hostnn-AVyomlns: . . .
Carlo Svn
Coaden & Co
Cushlne I'ete ....
Dominion Oil
Duoueanp
Federal Oil
Olenrock Oil
lludaor Oil . ..
Int Petrol
Inland Oil
Ifay County (Ins
Livingston Oil
Ixinc HiBr (!.ia . ..
Merrltt Oil
Metropolitan t'et . .
Mex Pan .
North Amer Oil
Ohio Kuel . .
Okla Nnt Gas
Omar Oil
lied Hock Oil . .
lllckard Texas
Ilan Oil
Salt Creek l'rod . .
Hapulpa lief
Sequoyah Oil
Hlmma'Pet
Hkelly Oil
Spencer Pet .
Texas rtnnger . .
Texas Pacific Coal
Texas Pneinc Coal rt
Tropical Oil
Un Texas Oil .
Victoria Oil new . .
Vulcan Oil
Wood burn
Pittsburgh oil ... .
.MIMNfl
Alaska Ur Columbia ....
Amer Tin &. Tung
A'lanta ... ...
Helcher Dhld"
llclcher Extension
Dig Idge
Iliioth
Itoatun f: Montana ...
CaledonlH Mining
Calumet & Jerome . . .
Chnuda Copper
Cnndelarla Mining
Cons Coppee ifln
Cortez Silver . ...
Crenson Hold
("rescenl McNamara .. .
Divide KM
UureUa i.'roesUM
Hurelia Holly
Uolden Oate Kxp
tJold Cons
Cold Devel
UoldArld l''loletlce
Hold Merger
Hold Silver 1'lck ..
Hold Zone
Kmma Silver
Heela Mining
Hundurns Sjn
Knox Divide
t.nulnlHUa Co
McNamar.i
Marsh Mining
Mother l.odc
Mother lde new
Murrav Mog
Nevoda liphlr ....
Prince Con
Flex Cons
ltochester Mill-
Hope Oroup
Sn n Tov
Silver King nf .Mix
.silver King Divide
S Silver l.ead
Success Milling
Tonopah ('ush Ilo
Tonop.ih Divide
Tonnpall UxlitMion . .
Tonopati Mining
Tonopah Mlzpah
Tunopnh Montana
Toniipah Ileecue Kula . .
I' S Cont
l'nlted Kaatern
Victory
White C,ips
White Caps Kxi
Wlluert
errlngtoti
110NDS
Allied Pack 6s
T T lis of 22
A C I. 7s .
Anglo-Arn Oil ,'js
llelglnn Gov Ha of 2
Goodrich 7
I rt T Ta .
Kennecou Coppei
l,4N7
South" eet nll 7
Tex C" T .
West l'.lec 7a
DKNT OIKS
2Vi 2M S!i
.16 35 .111
17 HU4 IT
US 2'i 2S
u s
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ti (IS (l'i
14 1 l'
ins ius lii4
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15 IS IS
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17 14 IT
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27 am 27
32 32 32
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USS
LONDON STOCK MARKET
Trading Was Quiet, but Sentiment
Cheerful In Spots
London, May 37 Oil sharos bad a
belter undertone) on the stock exchange
lodav Shell Transport selling up to
10 1-1(1 and Mexican Ragles to 8 9-1 6
Ollt-edge Investment Issues weie
strong otr the announcement that the
Hank of KngUnd rati had not been
changed Orand Trunks were) tlrm. In
dustrials wavered.
(lenerftlly the trading was (inlet, but
sentiment was cheerful In spots,
NEW YORK COFFEE MARKET
New Yorlt. May 27. The'roffee mar
ket opened active and ." points below
Inst nlcht's closing. On Ihe call, trans
actions were confined to July aud Sep
tember contracts. Weather conditions
In Sno Paulo were more normal and
may have influenced sentiment to some
extent.
The recent action of the primary mar
kets indicates that shippers there liuve
paid little attention to the recent frost
scale in the state of Sno Paulo. This
morning's cables show more seasonable
weather.
Ainund midday prices were practically
at initial figures.
10 30 Yen
a. m clnin
1 nl ti fl9i(.
I 7 1 fldH I.00S
IflW
tin
1 OSStl 04 Ji
SOU DOS
1 o,n,
Dili
N Y time
Y, rlone Open 11 am
.iu',. . . . I4.nef 14 14 nitron
Hept . 14 71WT3 H INKS 07 M4
Dei . 14 HAvfOH 14 I!l0irt5
March 1 4.01)11 70 14 (13 it 45 . .
Hid
Refined Sugar Remains Unchanged
New York. May 27 The raw sugar
market broke sharply late yesterday on
slackening of the domand In thn prompt
position. A small quantity of Cubas
sold at 21 cents c and f., to a New
A'ork refiner nt 1 Vi cents below the
price paid locally two days ago. Con
traction of credit In Now York oird
Cuban banks generally Is thought to
have brought about the liberal offerings
now Ming mane, -me rennea market
remains practically unchanged. Arbuckla
continues withdrawn. American Co.
quotes 22 M. leas Z per cent, and tho
National Co,, 31 Vs cent.
Etf51flEa
An Unusual Industrial Statement
Dachler Die-Casting Company
Net earnings in 1919 over nine times and for the last
quarter at rate of over 17 times interest charges on
all outstanding bonds.
Net earnings for the last quarter at rateof more than
amount sufficient to retire bonded debt in one year.
Net assets about 3J4 times bonds outstanding.
Substantial stock interest in the company held by one
of largest industrial corporations in country.
Products of company essential in many lines of
business with excellent prospects for continuation
of its steady growth.
W etar a .Imltatf matmt ef 7 ttdtiMfa f
thcfnny lu sorially 1922 te.,192 at
Prices to yield 7k
Pwl details and circular seat aa request
Harris. Forbes & Co
Pine Street. Cmer William
NEW YORK
Widener Building, Philadelphia
Chino
Magma
Two Large Copper
Producers Analyzed "
CHINO ls trcaUd
vni's" riirrent uu
In the
current number of
ou,r Market Ttevlew as to ore
reserves and productive capacity.
Tha recoverablo copper content
per shnro places Chino In tho
front rank of dividend-paying
copper Issues having tho second
largest poundage, per share ot any
nf the dividend porphyry coppers.
The article also groes into the In
trinsic value and earning capacity
based on oro reserves and the,
average profits for tho last nvo
MAflMA hoxs unusually
for a mlno of lte type (vein), the
lost report Indicating a vifllclent
reserve for five yearn of produc
tion nt the present rate of activ
ity. The analysis deals with ths
relation of production to ore re
serves and Indicates that Marrma.'s
percentage recovery of copper
content In the highest cf any of
tho big coppers. The lara-e silver
production per sharo of Magma ls
also shown.
years.
A Copy of This Review Will He Sent to Any One Inleretted on
Request for Z-56
HUGHES & DIER
5 Philadelphia. Stock Kxehang
Pittsburgh Stock Exchange
Chicago Hoard of Trnd
1435 Walnut Street
PHILADELPHIA
IVBW YORK OFFICII
Telephone. i Sprace 848, Raee 1805
SO BROAD ainuEt
STROUD & CO.
Announce the Opening of
Offices in
Washington, D. C.
Business will be transacted under
the name of
STROUD, KURTZ & CO.
Incorporated
Colorado Building
May 27th, 1920
$133,000
7 Equipment Trust Certificates
Issued Under the Philadelphia Plan
Northern Trust Co., Chicago, Trustee
Salt Lake & Utah Railroad Company
Maturing semi-annually November and May,
, commencing November, 1920, to May, 1930.
! Price 7.75 Basis
j This Equipment being secured by fifty all steel gondola cars and
ten under fiamc double sheathed box cars.
E. H. ROLLINS & SONS
1421 Chestnut Street
1812
1920
THE
PENNSYLVANIA COMPANY
for Insurances on Lives and Granting Annuities
TRUST AND SAFE DEPOSIT COMPANY
Capital and Surplus - $7,000,000
Member Federal Reserve System
1411.011 8TREKT OFFICE
Ch..umt and Juniper Struts
517 Chestnut Street
Philadelphia
EXECUTOU,
TBCSTJ-"
CHARTERED 11(8
FIDELITY TRUST COMPANY
Member Federal Reserve System
Capital $5,000,000
Surplus $16,000,000
Main Office:
325-331 Chestnut St.
43-53 S. Fourth St.
AIIIMMIUATUK
!
Broad Street Office:
N. E. Cor. of A .
Broad and Chestnut SM.
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