EVMI&G LEPGlW-PHILADELPHIA, WEDNESDAY, BISPflBMBlflll 1, lfllo
11
LOW RECORDS WERE AGAIN ESTABLISHED BY BOTH DEMAND STERLING AND CABLE!
kNEW
SlOlMS AND CRUCIBLE
IMADE GOODADVAWUliS
former Rose Over 20 Points.
latter neipuu uy ..
War Order
all
( . vnmt Bent. 1. Renewed Uqtilda
'NJJ. "SlMi i of itoeks down at
market kept
hour until ""
fflknr ha ncc(
fiS whS upPortlt.K orders were put
Iwartere, wnm yi ,n ordcr n a
lOo" SV start of tradlne today and
lurounu .;-; , wettk througnout tna
ttn. "'---,
Vl now. w received that
ICU mo '"" "
regarding submarine
flr,t hour win - h demand9 of
raniniiiiir nu "---. .v-.d..
jprt
K"t and rjcover'e, wore
,&! the. Street realized fully what
m . "", .1,. Herman Government
lh0 ". there was a vigorous domnnd for
? i. ind n flood of Buying orners
Btockf. ana n i demand was ccn-
iwepii"; ncclnmMl and som of
!.. l!Sl wide 'advances, notably Gen-
..V Motor, which bounded up ith poinis.
era! Motor. . d ., recovcrics 0f
Kr0!? Vim. in tho general list were regla
.a?&.,.ii,nVrtr Brew .mailer. as
terea. ""' .jaroIi nn(i the market
the n"w"" ',L'h vcry favorablo hti-
F c? nnrt of the American Hide nnd
ki. hTcompanV. which .bowed a sur-
TufiM9 9TI. comparcu wun iui,w i
. ?i". p4lw. "r. without effect on
i' WTtto" most active Blocks in the
. ?r .salines were General Motors and
)&. .fifed The former rose 20i
' SlhU In v ?y ehort order. nd tho latter
Glanced B points. Tho strength In
J..MM was duo to tho new ordcr for
SXtib!rhlch has been booked by the com-
h nnv which In valued at iu.ow,uw. i- or
r FnTnart the market opened strong.
, .. . TsYilea being off, but me great, ma-
JoX were & Bethlehem Steel moved
'" "n'has'becomo the custom. It might bo
, "" " , -, inw rates for ex-
Sang almost dally, and those who were
"1 linking for them wero not disappointed
- today. Demand sterling started oft with
'" . lots of 2 cents, which was later
f stretched to W cents, a new low record.
i was the quotation on cables also
-forced down to a now low point. Tho
-"Street seemed to regard the situation as
i" a very serious matter, and thero wero
. 'thote who thought that It would check
- European buying of American products
' . and cause liquidation of American sccu-
' No doubt It wilt cause foreign selling.
- '.' and there probably was quite a llttlo to-,-
"day, but the opinion that the weakness In
' exchange will causo a check of buylns
from aBroaa was noi sene'm. im iu
,tlon was raised: Where would Europe
t'buy If sne am not uu u iu mc uiura
States" Tne Dig nations ui t.uiuju i
at war, and this country being tne otuy
me at peace Is therefore tho only one
johlch can handle the Immense demand
which are being made. No betterment
. In the situation Is looked for until the
bankers from England and Franco reach
here to thrash out the matter.
That an enormous credit will be the
result Is expected, as we are already over
burdened with gold, and our bankers
would rather make a big loan. ,
- Better railroad earnings, the lasl two
contributions to the lot being Pennsyl
vania and New York Central, nre pro--,f
during a good Impression, and wero
'chiefly responsible for relative firmness In
'r-'the ralload group. The Northern Pacific
(earnings for Juno were rather dlsappolnt
" i)ny In view of tho showing of other ronds.
'1 Gross fell off $442,273 and net $227,924. St.
Paul, on the other hand, came out with
la very good July statement, une net
fwis more than $100,000 above last year.
New York Stock Sales
LatL cleat. HUh. Low. Clot.
Alaska Oold M 32'f MH 53 S3W
AlllvChalmors Mfc . , sou 30M 30 39'f
AlllvChstmers Mfg pf . . 03 0914 08H 09W
Am Ag Chemlcl ol'i 02U OUJ C2M
Am A&t Chem pf 05 05 05 95
Am Heot Suc&r at 05U (Mi 65
Am Hoot Suiat pf .... 89 01 01 91
Am Can 6!)U 60J 68W 59H
Am.Cnpf 105 100 1054 100
Am Car & Foundry... OOJf C9J 08)i C9!
Am Coal Products 1494 160)4 ICO 150
Am Coal Trod pf H7H 117H 117K 117W
Am Cotton Oil fit 51 i (,( r,l'
Am Hide ft Leather... Wi W( BH 9
Amlllda&Lpf 39 39H 38( 0SH
Am lco Socurltlei 23)4 23)4 23 23)4
Am Llniecd 21M 21W 20)4 20H
AmLlnsccdpf 37) 37M 30f 305X
Am l)eomotlT0 C3)f 54)4 62M 64
Am Malt 74 7't 7)4 7)4
Am Smclt&Ref..i... SOX 82)i 70)1 81U
AmKmAnefpf 100)007 107 107
Am Smelters pf D 80) 81 81 81
Am Bteel Foundries.... 52!( 54 62 63K
Am fiuar ilenning. . .
Am Tel Tel
Am Tobpfnow
Am Woolen
Anaconda Copper....
AtchT&B K
AtchT &8 V pf....
Haldwln Ixicomotlro.
Baldwin Locopf.....
Ualtlmora AOhlo....
Baltimore & Ohio pf.
Batopllas Mining....
Bethlehem Steel
Brooklyn IUpTrao.... 85)4 85)4 85f 85)1
Butte & Superior, 00)4 07 05' 05)
Brown Shoe pf. 75 70 77 77
Cat Petroleum 19 IW 18) ( 8)f
Cal Pctroloum pf 45)4 45H -I4U 44'
Canadian Pacific 151 160'4 150 150)i
Cent leather Co 43)i 44 43)f 435i
Cent Lcathor Copf... .104'j WiH 101)i 101'4
Chesapeake 4 Ohio.... 47!i 47)f 404 -17Ji
Chlno Copiwr 40)4 40)4 45U 40
Chi Qt .West pf 20)1 30)4 30 30
Chtlll&Pac 23M IMH 22,' 23
Chi Mil & St Paul..,. 825 82)( 82)4 K2)4
O M & St P pf 121U 121J 121H 121)4
Chi & Northwest 127 120)4 120 120
Colorado Fuel & 1 42!( 44)4 41' i
'LomstocK runnel 10 15 12
NEW YORKERS BUYING
STORAGE BATTERY
Hcnvy Transactions in tho
Stock Caused Flurry on the
Local Exchange
New York Bond Sales
$y)0O Atnr Bmolt Sne 6
8000 Amer Tel clt 4s,
ltocio Armour Cd 4ts ...
afOttO AtchUon cv 4 1DS5,
lTOiiOO do cr 4s 111(10..
low do ev C HUT. ..,
IIOQO Halt A Ohio rf'ts....
do cv 4H
High. low. Clono.
J(,l)i litijn i'n
BIX
"1
.110'i VX)H 109)f 100
.12.1 12.1 122U 123
..107J 107! 107i 107(
.. 34 34)4 33U 34!f
.. 72 73)4 71)4 73
.101)4 101)4 100)1 101
08) 93 07)4 07)4
83)f 82)4 82)4
100)4 10014 100)4
81 H1K 81)1
70)4 70)f 70)4
m M Vi
293 285 202)4
82)4
.105
. 81(
. 70!i
Hi
.291
Continental Can
Corn Products lief.
Corn Prod ltef pf . .
Crucible Steel
Crucible Steel pf...
Cuban-Am Sugar..
Del & Hudson
Detroit Edison
Distillers Securltes...
Domo Mines
Erio
Krie 1st pf
Erie 2d pf
General Electric...
General Motors
General Moton-pf...
Goodrich BF Co .v...,
Groat Northern pf. ..
Gt Nctfs for oro prop
Guggenheim Kxpln .
Homestako Mining . .
Illinois Cent 103
Int Agricultural 22
Inter Con Corp'n 22
Inter Con Cor pf 70
Int Uarv Corp 70
44
12
mi
18
83)4
82!f
81)4 85)4 81!) J
... 18)4 18)4 17)4
... Wi 83)4 83V4
... 74li 81 73)4
...1014 103)4 101U 103)4
...117 118H 117 117
...139)4 130)4 139)4 130H
...1HH 110)4 110)4 UGH
20!i 20)1 20 20H
li Ullf
29)i
41)i
35)4
1)4
28J4
44)4
35H
21lf
28J4
44J4
35)4
175
U0i
118
41U
07
117
Int Ilarv N J
Inter-Met vot t c
Inter-Met pf
International Paper..
Intcrnat Paper pf. ...
Inspiration Copper. . .
J I Case Copt
Ivan City Southern. .
Kansas City So pf . . .
Lack Steel
Lehigh Valley 112)4 144)4 142
Liggett Myers 229 220 220
Long Island 20)4 40)4 40)4
Looso-Wlles Biscuit.... 19
Looso-W Bis 1st pf.... 00)4
Mackay Cos pf COM
2S)i
44)4
35H
.174)4 175 173
.219li 240)4 210Sf
.109H 110)4 109)4 110i
. 01)4 02)4 00)4 G2)
118)4 117J4 11754
42)4 41)f 42)4
OS
118
102
22
22U
70)4
CSH
107
22)f
70f
11M
39
35!i
70
27
G7!X
71
..107
22
77
UK
30)4
35
80
20)
G7)f
70)4
00)4
118
102
21
21J
75M
03
100
21JX
70)f
10)4
39
34
78)4
20'4
57)
70
BANK CLEARINGS ,,
nanlr .ln,n,i tftdalr rnmnfirrd i&'lth rnr-
jTVtifondlni; day last two years:
k Limi. lui. lino.
Philadelphia $.T0.T7r.0.1R $3.1,Bt3,STO $.H.0S2,iU
rpoiton S2.422.fino 2oam,024 sn.STS.lt:
.KiwTork.r 342.42.40 238,107,586 470,711,417
RATES FOR MONEY
Call.
?PN!adlphl& SHCM
2NW York 12
)Eolon .1
LChlcaio aUffll
i'tvommercmi paper, inree to aix montna,
JajVphla, 34 per cent.
Time,
4 T44
24U
SH3)i
4
rmi-
7 ruuDiu rvAviiivnurj
KEW Tnm. Riant. 1 11. itamnmllMtlnn
Mn ortUn exchange this morning wan without
Ch kiamlUl m the history of the exchange, nt
rloait trtthln tha la at- Mnllmr fA. T" ..
K -- II4B Ub 11.U1UII jjiudv w Ilia
4i!r;'t drawers or ejtchang declined abso
tfflutely to give quotations. The rates obtain
able nere 4.111 for demand sterling and 4.51tt
Later a quotation ot 4.no (or do.
, with 4.61 (or cables, both
' Jor rablea.
imand was secured.
jr pew low records.
ij. tnma attatn rti ! (1,
'and ratea moved upward
Maxwell Motors..
Max Motors 1st pf . .
Max Motors 2dpr..
Mexican Petroleum..
Miami Copper
Mo Kan & Tox
Mo Kan & Tex pf . .
43
00)4
. 36)4
84!i
, 20)4
. 8)4
18
Missouri Paclnc 4)4
55)4
25
92
03
45)4
01)4
37X
85
27K
7H
17
4
55!f
....119H 123H 120
82
.. 27
.. 04)4
..112
14)i
84
27)4
112
14)4
Sjme ateadlnrsa developed In tho afternoon
Dd ratea moved UDward nnmnwhat. On thn
downturn Italian exchange hit a new low.
ratea moved upward somewhat. On tho
ntUm Ttallnti nir,ihn h(t n nn. Inn.
I Id the flnftl rieAllnffa ilftmind MtA-llniy r.lll-.(
If VJto 4.MV4 and cables to 4.5Si.
y ., 8terllng Franca Marks Lire
KOH (1..VI
mil e.st
Cables
' Demand
. .. t.noii
..t4.MV4
0.03
NEW YORK COFFEE MARKET
"4mEWiY0.K' P'- l-'-Thero was little ac
ih. ..lS Pf ""liL1 for co,re 'uturea at
fSi-.'," T. Tho Initial quotations were
irregular. December and January deliveries
raored upward, while other months declined.
ilLJS',. fllS'. "l0, turther detllnea wero
recorded. Prices ffilow:
Tftav'a Today' Yeaterday'a
....-. lilnlng. close. . . clee.
2.S.' B.SfJO,W) O.WJJfl.50
v P.?,tmber wiWMr e.o8eu.ou
jt JXtOber (linnftfl nmM.r ..Xn.n
. v.-VUV.. U.UIUII.II. U.11UU.IA
0.06O0.07 &140R.1S
't2-29 ai2n.i4 a na (i.i (i
. ft.20jjfl.30 (UIHiO.iT O.210A.22
.fl.2n ll.20fl.21 0S.Vin.2(l
. 6.23Qfl,30 O.25.20 l.300.nl
6.23 0.3000.31 6.330(1.30
. fl.35flC.38 R.3BU0.30 0.4OH0.41
8.40 0.404(0.41 n.4RO0.4(l
U.10 0.4MIU.4U O.DUUU.&1
p
November
j December
) ianuarr
February
AX March .,
April .
May
liW
Montana Power.
National Biscuit...
Nat Cloak & Suit.
Nat Enamel & 8...
Nat Lead
Nat Leadpf
Net ada Con Cop. .
Now York Air Urakel44H 147
NVN1U H....
New York Central.
N Y O & West...
Norf&Wcst
North American...
Northern PaclQc,
Pacific Mall
Pacific Tel & Tel.
Penn R II
People's Gas Chi.
Philadelphia Co...
Pittsburgh Coal...
Pittsburgh Coal pf
Pitts O C &St L 72
Pressed Steel Car....
Pressed Steel Car pf.
Pub S Corp N J....
Quicksilver
Ray Con Copper
Ry Steel Spring
Reading
Rep Iron & Steel...
Rep Iron & Steel pf
Rock Island Co.,...
Rock Island Copf...
20
02
G8
42)4
90)4
35)4
83
20)4
7)f
17
3)4-
54)4
COH
US
102
22
21JJ
70)4
08
107
22!f
70!
11)4
39
35
70
27
57J1
70)4
143
22!)
40)4
25
92
03
45
01
37)f
84 ii
27H
7Jf
17
4
55JX
122
81
20H
61
112
14)4
Rlectrlo Storage Hattcry 1vas tho dom
IrmtlnK feature of tho day's denllnRa on
tho Philadelphia Stock KxchahBe. After
fluctuating Irregularly during the early
hours the stocK started iienniieiy upwnra
around noon, nnd showed a gait of over
two points for the day. The demand wa
persistent, which wns nil tho mote note
worthy because of the Initial hesltatlhg
tone of the general list. Much ot the
buying wns reported 4o be for New York
account nnd was based on tho now famil
iar expectation of large Government
orders for submarlno equipment. Over
10,000 sharea changed ' hands and some
startling predictions as to tho possibilities
of tho stock wero wired over from Wall
Street
1'nlted States Steel was soft for a tlmo
following tho early recession tn Now Yotk,
ana this was rellected In Cambria Slool.
On the othor linnd, Baldwin Loeomotlvo
wan Inclined to Improve. Tho recent
flutter of activity In Hrlll nnd Cramp
Shipbuilding appeared to have died out
for tho time being at least. The latter
moved up a point In tho afternoon.
Itapld Trnnslt trust certificates also
moved up on a parity with tho unasscntcd
stock. Pennsylvania 8alt nnd Keystone
Telephone preferred followed suit and tho
close was strong nil nround.
Pennsylvania Railroad shares wero sus
tained by tho favornblo July report. With
an increnso of ll.132.SS2 In gross revenue
nnd n reduction In oporatlng expenses of
$772,653, tho company mado tho handsOmo
net gain of 11,905,035 for tho month, as
compnred with the same period last year.
The linos East showed tho greater Im
provement. A continuance of tho heavy
freight movement noticeable In Juno wns
oven moro pronounced In July, nnd a
shortage of freight cars Is predicted for
tho not distant future. Passenger trafllc
showed a slight falling oft. Owing to less
favorable results In the earlier months
of tho current fiscal year, the gross of thb
system for seveh months was $1,720,122
behind tho corresponding period a year
ago, though the net earnings were $1,007,
127 ahead of last year.
When United States Steel began to
rally during the noon hour the local list
hardened generally, although business
was not particularly brisk. Steel prices
continued to move higher. For Instance,
merchant stoel bars advanced from $1.30
to $1.35, and blue annealed sheets from
$1.40 to $1.50. This compares with $1.35,
mado less than a fortnight since. Fancy
prices wero being quoted for forging bil
lets, up to $35 a ton. If not higher. Wiro
products also moved up about $2 a ton,
and pig-Iron quotations were still on the
uptack.
Mono
loot)
Kiotw
l.id
ltxih tlklyn ii t Rs litis
now cal oas Klec .
HMO Cent Leather 5a..
20O1K1 nt Pso 1st 4.
4000 CMII Copper 7a
K71. BIX "('
Bl UlTi 14
"0 ?$ ."V
loiu 100, UU
i(S look iwt
SSS Sh T
hlllk Xfi 0(J?4
MO It ft O P t, K & VV 4a 7 , 7SJ& 4IS
300 Deth Steel 1st 5s. . ..1(12J 10SU 10KJV
IKXI do rM 6s, looll 10( 101
loo
Vlf
ls?
.114
US
. 7
tl4
. Ml
. t
.102
. Il
. 0"
102
l.'waw cnea ft Ohio cv 4Vs.. 74
10(KW Cbea ft Ohio 4'i )il
.'(MiO Ches ft Ohio 3s 102U
i.HR t ni ui v eat in. ...
3000 Chi ft Nwn au. .
ltoioo (-hi Jl ft Q Joint 4a.
SOiH) C'hl U ft 11 Ren 4s. . .
4000 Chi II ft U Den 4a. . .
1IMI Chi II ft t) III ,'IUs...
1K) C M ft Bt I 4s......
1400(1 C M & St V cu Rs
SROO O M A St I cv 414
(KiOO C M ft St V gtn 4Us
COUO Chi It I ft 1' (is..
Riii" C Ht 1 M ft U deb Rs.Hxi
2000 Col A Poutll 1st 4 RRV1
l(xx) Cuban-Am Simar Us. ..loou
1(KI Cumberland Tel Ra KT
uiuuu uei & iiud rrd 4s,...
4000 Den ft Itlo or 4a...
Roiw l)cn ft Hlo Gr rfd Ra.
2(K)0 Detroit t'nltei! 4.a..
2000 DIs 8ecur Corp Rs (Kits
l:HW Du Pont I'mJlli ...loo
10000 KrU conv 4s Ser II . . . OliU
4(aiu Kris prior 4 7N
1O0O Oen Kleo deb Ra 102U
1000 Hud Man rrd Ra 71
ROOO 111 Chi Jt Ba UOVi
2000 Ina Cop cv (la '10 142)J
hxoiK) Insp cv ret ad pd (la,.14:its
rfurn, inirru ii i roi oa..
7(K) Inter It T ref Ra
87000 Inter Mer Mar 4Mb..
liJ
01J4
a
hH
llCVl
(RU
78
1HIJI
mi
DO
W)i
limoo Internl l'Hner cvt Ra.
iiioo jap new o at 4'ta...
4a.
117
. UT
. 'n'i
. (tt
. 71
"r,J
. RRH
.1(12
. HHJji
. in
. 4S
. SI
. .no
. r.o
. .11
. tvii,
!S'.4
.10J
...103',
...87
... 84i
... 7(1
... t!8V
...l(tl"i
...10l
. ..K2
...111".
...49
. . 73
.. 87'4
.. M.
. . CI
. . H7' 4
.. Pt
. . 7ti
. . R0',i
. .mvi
. . 112
. . in
. . win
. . 03
.. 47
. . ti7'i
SOV4
,1
ni4
0H4
KUVk
1(H)
MH
KH,
P7
DO
W'i
7l(J
Xi
1(1(1
7i
102',
71
141
140V,
IMlli
t'.)4
IW
ravi
71
list;
81
102
101)
IK)S
48
M
:ki
.to
21171
itiu
ns',
102
i lUt'i
, ion,
GRAINS RECOVERED
IN LATE DEALINGS
Trading Light and Scattered.
Revival of Export
Business Due
81
SOU
03)4
112
14U
141W 140
.. 07 0754 CO 00
.. 01f 0254 01W 02)f
.. 20)i 204 20 2054
..105i 100H 100 10GU
.. 72)4 74 71f 74
..107)f 107)4 106)i 107)4
.. 33 32Jf 32 32
.. 35) i 30)4 :&i 30
..108)4 108!. 103 108J4
..115U 115 115 115
.. 88)4 80 87H 87)4
.. 34)4 35 32)4 34 J4
102Jf 102)4 102)4 102)4
71 70)4 71
fiOU 00 CO 60
100M KX)W 100)4 100)4
100)4 100)4 100)4 100)4
.3)4 3)4 3)4 3)4
22H 22Ji 22! 224
39)4 38)i 38)i 33!(
148)4 148)4 147!i 14SK
42)4 43H 41)i 43
.101)4 101 101 101
4
H
.154!i
. 53!f
. 68!f
J4
54
0)4
lOW
0J4
32)X
!i
H
5
10
0)4
32)f
ii
54
0)4
10
0)4
32i
153
55
80
SECURITIES AT AUCTION
Tho following securities ncre sold at auc
tion today by Homes ft Lofland:
80 shrs. American Railways Co. com
mon. Par $80 21)4
$2000 Pennsylvania Company, .T.i per
cent. Series "D.'f Coupons Feb
ruary and August. Duo 1041..,. 85Ti
$1000 American Kalluays Co. S per cent.
Refunding. Convertible. Coupons
February and August. Due 11)31.. 88)1
$RO00 Duck Ridge Coal Mining Co.', 6
per cent. First mortgage. Coupons
January and July. Due 10.11 75
5 shrs. Mutual Trust Co. Par $30. ... 33
8 shrs. TucKcrton Railroad Co. Pre
ferred. ($14 preferred stock scrip
bonus.) 75c
$3000, City of Philadelphia. .1 per coht.
Interest January and July, lteg-
latered. Due 1023 03H
1 shr. Farmers and Mechanics' Na
tional Lank. Par $100 123
3 shrs. Fourth Street National Bank.
Par $100 , 278
3 shrs. west End Trust Co. Par $100.1fi0
12 Bhrs. West End Trust Co. Par $100,100
0 ahrs. -West End Trust Co. Par $100,100
40 ahrs. .Pennsylvania, Cold Storage
" and Market Co. Par $30 20
20 shrs. Camden Fire Insurance As
sociation. Par $3 104
3 shrs. Fire Association of Philadel
phia. Par $30 317?;
8 slim. Flra Association of Philadel
phia. Par $30 317
15 shrs. Fire Association of Plillade-
pnia. i'ur .w uiu-
20 shrs. Delaware Railroad Co. Par
$25 41
10 shrs. Philadelphia and Camden
Ferry Co. Par $30 108
1 shr. John D. Stetson Co. common.
Par $100 350
31 shrs. American Pipe nnd Construc
tion Co. Pnr $100
a hm. Phlladetnhla lloureo Dreferred.
P.11 rf 21H
4 shrs. Phiiaaeipnia uourse common.
Par $30
0 shrs. Philadelphia Uourse common.
Par $30 ,.
13000 International Niulgatlon'Co. 5 per
....- VI... trn trn I'nllnnna
ICQti '(b HIWI ,h-l. ..MM...-..
April and October. Due 1020.
(Coupons from February 1, 1013,
attached.) 01
$5000 International Navigation Co.. 6 per
cent. Ftrat mortgage. Coupons
April and October. Due 11129.
(Coupons from February 1, 1013,
attached.) 01
7001) Lack Steel Ra 1IIJ.1
113000 I.ack Steel B 11I."0
.inoo I.lg ft M T Rs. . . .
Sum Lorlllard Ra
4000 Louis ft Nnah 4a.
llioii Minn ft ft I.
iouu do Rs
1R0(KI Mo Knn & T 4s...
42000 Mo Poc
1(!(KK) do CV Rs
2000 do cons Us
70O0 Nat Tul 3s ....
1CO0 N Y Air like cM (la.
KHiO N V Cannl 4s C5i .
02300 do 0 ret
30000 do 4its
Rnoo do 4s
(WOO N Y O ft II 3'JS . ..
51X100 N Y City 4Hs 1000.
40CK) do ret 4i,s
WOO do 4I5S Nov '37 .
tinoo do 4i(,s ltiffl
11000 N Y N II ft It fls ...
POOO .V Y Hwy ndj Rs ...
, 10000 N Y Tol Ren 4)4s . . .
.-iilOO N Y V C ft II 4Hs .
COOO Norf & West 4s...,
7.TO0O Nor Pac prior 4s
4500 do Ken 3n
KHiro Pacific Tel 3
ROD Trnna cv .TJ
,V"!0 do son rt 4'ja....
1100U Public Serv N J fls
I.V10 Hay Con Copper Cs..
111111 Heading gen 4s....
(1000 Rep Ir A S R
21000 Rock Islnnd Is
37000 do rfd 4s
inooo do Rs
ROOO South rtcll Rs
4R00O South Pac cv 4
121R00 do cv ret f n Rs 10,14.100
2000 do rfd 4s 84
7000 do Term Rs M
21000 South Itwy gen 4s .... 01
111000 do con 5s 117,
RHiO Texas Co cv (Is 101
(1000 Third Ave ref 4s 78
10000 do adj Rs 704
1O0O Trl-Cllv Rs 0.V4
100O I' S Rubber Cs 12K 1(12)4
10SOO 1' H Steel Ra 10214 102
S&
70i
D7,
101
101 K
lOlJl
41)
IJl'i
73
S7(,
8'IV
IL'lj
1)7 Vi
!',
I)7i
KllVi
112
02
IUi
M
(U
40
I)7'l
80'
DS
ti
M
H1J4
lot
78
7ll'4
03
4KMO Union Pbc 1st 4s Ot
niXHJO do cv 4 Rfl
20000 tin Itwys S F 4s 41)
iron Wabash 1st Ss loo
2000 Wabash Kqu ct sta 4s 1(1
1000 Wahash-P T 1st ct 4s i
0000 West Elec cv Rs 105V4
1000 do Rs 10l
1000 West Md 1st 4s CO'i
27100( West K ft M cv fl w l.lld'i
IRono West Shore reg 4s 8ttVj
1000 Wheeling ft V E 4s. . . . C3
254
S8V;
47i
100
111
101
nnvi
114
80
R3
1(10
Dl1)
ft
114
8f;
102(4
IH'i
7h
V(Hl
88
till
8
loiS
tnU
07W
102
llKI
t)7
DO,
01.14
tlVj
100
llii'j!
14,-lfc,
l)0i
tmij
IS)
(it
71
11.V1
$
100
IKIS
4S
M
r.o
:ki
.11
o-Hl
IIS
102
151(1
103
R7
81i
7(i
ll.SI
102
K!i
10.'
lll'i
4)
ll'4
73
S7'4
Ml
bil
1)7 1
litljd
117 ti
MtVi
112
112
i)3
Nl'i
(12
4011
unl
80S
tIS'A
8(i
80
(HV4
t)7
101
78
Ti.Ti
OS
102
1021S
l)2'i
RSI.,
43Va
100
111
103
1014
(j(V4
11(1
M
31
CHICAGO, Sept. 1. Report of Rood
weather In tho principal grain dltrlcta
wero responsible for tho market opening
weak and RrowltiR weaker In tho onrly
hours. TrndlnK nppcartd light mid scat
tered. Seller were holding off. It was
reported thnt tho big bears were cover
ing. Foreign orders, the Dardanelles, nnd
lastly, but not least, tho weather, are
the Important factors In the range of
prices. Few could give any logical rea
son for the prosent decline, which, for
the past two weeks, amounted to 15c.
September wheat sprung a surprise
when It opened ttt SH'.i, ic above tho final
quotation of M?i bid. It was the only
overnight advance. Tho unsteady under
tone, however, soon had It fluctuating
nround M. It advanced a trifle later.
Three-quarters of a rent wns the loss at
the opening on December, when com
pared with Oii, the final quotation ot
vosierday'a closing. It hit 91?4 before
noon. Ilut a gain of Me. took place first.
May showed tho greatest dccreacc,
opening at yt, against 97i, yesterday's
closing price. A slight rally became ef
fective after It had sagged to 5j"4.
Prices recovered In the late dealings
nnd the closo found them well nbove tho
r nal of yestcrdiy. May scored the great
est ndvnrice, J cents.
Corn, chiefly a weather proposition,
opened Armor thnn wheat and followed
Its movement later. Commission houses
sold freely.
Oat prices were maintained at the
opening on better export prospects.
I-cadlng futures ranged as follows:
Yeet'd'a
wncat Open. num.
September .. 1)4 4 H7'4
December .. 02 lil"t,
May iiuK H8'4
(-orn (new acuveryj
PHILADELPHIA
MARKETS
GRAIN AND FLOUtt
In esport elevator N0Vl
id September, $l.03Uel.07M!
n, new, 1.()S)41 MH No-, i
r. $l.03Hil.orr1 steamer No.
FALLING WHEAT PRICE '
CHEERING TO ENGLAND
I.OW,
U3V4
m',
UB'4
Total sales $3,KI9,Ono. compared with $3,182,
000 jestcrday; thus far this week. $10,312,000;
same period taut week, $7,700,000.
September
ueccmoer
May
Oats
September December
May
Lard
September October .
January . .
itlhs
September
October ..
January . .
Pork
September October . .
January
aa
. U2k
. 30V,
. :i8.
48 12
. 8 23
. 8.87
. 8.30
. 8.40
. 8.77
13.33
.11.R2
..10.37
SI
3ns
ss ;4
Hid. tAsked.
8.13
8.27
8.87
8.30
8.42
8.77
13.40
13. W
10.37
70
COH
em
3Rt
as
8.03
. l.
8.67
8.10
8.23
8.02
13.02
13.25
13.07
Cloie.
tt)
71'4
l
t(12
SOU
8.03
8.17
tS.02
8.12
8.3-1
8.('k-
13.02
13.23
10.07
close.
H.l4
tl4
tU7
71T,
Ol'k
10-t'i
13'i
4.Ki'
I MS?.
8.12
8.20
8.83
8.30
8.42
8.82
13.32
13.32
10.32
Financial Briefs
23
0
5H
Sales in Philadelphia
Yesterday's close.
boo Ains-cnnim, .
103 Am ltwys ...
;V Raid Ico
23 do pref . . .
183 J O Brill
ii!i.l Cam Steel ...
200 Chi R I
10 Cruc Steel ..
10 Coti Trac N J
10S01 i:iec Stor . . .
70 F.rle
103 Ins Co N Am
in Kav TM Co t I
1130 Lake Sup Corp ",
8 Irfh Nav 73
47 I.eh Vally .... 714
100 lh Val Transit 1fi
RO do pref 324
OIS Prnna Hatlroad. R4H
10 Pitts Coal ..... ..
40 Penna Salt Mfg IUW
1W Phlla Co ...... 44
IB do cum pref.. 42VJ
31 Phlla Electric. 24U
rod P It T tr ctfs.. OH
23 Reading ... 744
108 Tonopah Pel ... 4
201 Tonorah Mining. 3V4
217 Itnlon Traction. 33
42 United Oas Imp 8W
R4SO U S Steel 7S',J
10 Warwick Ir ft Pt lo
23 W Jer ft Beash 4SVj
70 W Cramp ft S.. 82
. 24
. 82i
. B4t4
70
0W
21)4
03
High
411
24(4
M,
103
4li
M'4
21V4
7,
71)
21H4
22V,
aA
74
71i)i
10
:(2i4
54,,
3114
in
44
10
74Vi
33H
81(1
Is
4S4
M
Low
40
244
83
104
43
77
70
in;,
20
224
10
32(4
R4'i.
42i;
24V,
10
74
3',,
RK
33
81W
,4
10
4(4
83
Close.
40
24i
Kt
103
4.T
Rl'i
23
77
70
0,8i
2!)
22T,
(15
73,
71Vi
1(1
32 Vi
34
X1V4
03
44
8
10
74
3SH
84(4
if
yjulr
W !!d tOff.red.
Total sales, 22,000 bags.
NEW YORK CURB
lL4raartCln Zln
; ar Light .. ....
Vgoia, cons .. ;.
X Ortaue Cananea
v fancau uopper .
tn ..........
..............
Hid.
64
8 ,
WV4
14
38
1.1
f Keno't Copper
W Nh5S?;Pppr l4S
'tfMtf Wh
....!'
jsV lift hPsfa.J
Th.nrv.ruti" '
V, , v" ""
.Babnmrlae
gltefltag Oum".'"'.V. 2c
i Unit fMva. 4. 'J
vwtM Wont iffiSKBV,;:.Vr'
OT
. 2i4
111)
o trsrerred
""a rum .... .
tafcoa doid . ..,.'..:;.:::::;;:: aS
Asked.
03
1
13
lOVt
4lH
IH'i
B3H
T
74
U4
00
103
1MW 153
65 52tf
80 8Sli
10554 101H 101H 101H
15H 15! 15H 15U
48H mi 48li
, 65M fi5 65
, 72 72W TiU
108U 113W 100
1U5
62H
01
81
. 7X
28
02K
80)4"
7M
27H
48H
65
72)
113i
105
1521i 151
10 10
63H 63H
02H
80
7
27H
02M
80H
7H
27H
.131H 129H 127U 129
Xo Extra Holiday for Brokers
r" "K, Btpt. l.-JTha noard of Oov.
ot ih. v. '.f .'"7. K"W. " ""
ftefcanJI nnfi"1 t0'. eloa P the ex
S1Jafnrfii'0l fiu'n on Baturday. Ilia
DIVIDENna T.vrT.ATwT
eoiSmiir',.i?n,.yn'' rur 2(4 per rent.
ISwsb25rntnnd.,J4 p4r c,nt' " Preferred.
'V 13 Q"iqUr tock of record B.ptem-
JSI?t "" Tranalt. B par cant,, pav.
at .fi.toJjocki0,JCcor September .
"l '.n.r o 20 per cent, a yaar.
I ayx?!?"'
T at l
sms rata il
I Bar.
nterWo
Iiumely 11 Co, 6U
Kutnely M Co pf 10
StL&SFSdpf Mi
Seaboard Air L pT 32H
6earj Hoe & Co
Sloss-Sbef S & I Co
Southern Pacific...
Southern Pac t c...
Southern Ity
Southern Ity pf
Standard Milling.. .
Standard Milling pi.
Mudetiiker Co
Miirtehaker Co nf lOlU 105
Tenn Copper 64K 57X
Teiaa Co 152H 154
Tens & Pacific 10 10
Third Arenue 63H M
Twin City Hap Tr
Under Type
Union Das & Paper .
Union Han & V pf .
Union Pacific
Union Pacific pf....... 82H
U blind Alcohol 719i
U B Cast I V &F 21
United ys Invest 25
United Hys lay pf 40H
IT H Iliihlivr 40H
it n iinhtw.r lit nf....l()3 IMU 103
., uui-.i 7K 7Mt 73'f
H.!ie-":-::: li8l lSI
v"carocr.m:v:.r.-.v. m 5. mm m
:a: -.,.m r.r. Kw inn 102 100
Wabash pf M H W M
wJnToEip 107 106 JOB 00
West K &M llMi" H8 114H 110U
WetU Maryland..... 28 SMI 28 28
wSylovSp' -100?. 1075. 107M 107M
Cents per share.
Quoted dividend.
mtal sales 603.800 sharea, compared, with
RioriK) .haies Yesterday; thus far IM""
2 OJA8O0 T.hare.1 "mo period last week 2.010,.
UUO snares.
82
72
201,
25Jf
41S
60U
80
71
20
21).
40
60
82
72
20
26K
40U
60
101U
755.
Reorganization of 'Frisco Subsidiary
Under the propo.ed reorganisation plan of
the New Orleans, Texas and Mexico Railroad
stockholders recclvo nothing, conalderitlon be
In given to bondholders only. All the capital
atock of the company Is owned by tho 8t.
Ivouls and San Franci.co liauroaa company.
Holder, of tha $28,382.1)30 first mortgaiie B per
cent, and 4(4 per cent, bonds are to be given
tho privilege ot subscribing to tha extent of
20 per cent, of their holdings at par to new
llrst lien collateral trust 0 per cent, bonds of
tho new company to be organised They will
also receive RU per cent- ot their present hold
lnga In new Income 3 per cent. bond. -and 60
per cent. In stock. Rondholdera who do not
subscribe to tha new nrst lien U's will receive
only 40 per cent, of the new Incomes and 23
uer cent. In stock.
The new company will receive $1,000,000
cash, and the amount of the new first Us will
be about $0,000,000. The amount of new In
comes will be approximately $10,000,000 and
there will be a similar amount of stock out
standing. ... ..,..
The nam of the new company which Is
to ba organised to take over the property Is
to be thi Louisiana, Texas and Mexico Rail
road Company,
COTTON
NEW YORK. Sent. 1. Large overnight buy
ing orders, coupled with etrong cable., caused
flrmneaa In the cotton market thla morning,
with prlcea at the outaet 0 to 12 polnta higher.
Much of the bulll.h feeling waa due to con
tinued loner temperatures In ths belt. Offer
ih wr arattered and moatlv reallxlnr aalea.
Enough new bualnees from Walt Street and
commission houses continued to absorb tha
selling but eventually pre.sure Increased nnd
prices woiked off from the top. ......
In the afternoon the decline continued tn the
close, which was 0 to 11 points below Tues
day's final figures.
V In On.n Tllvh I .,u, fnmm
-v.y-''? vi'."' :vv Tr ""-?
JO.lill
Total sales, 22.7.10 shares, compared with
19,7112 shares yc.terdayi thus far this week,
R'i.077 shsres; samo period last week, 'J2,M
hare.,
BONDS.
Last prev. aale. Utah. Low. Close,
$200 Am a & E 3s... 80 87 87 87
1000 Raid Loc 1st Rs.l()2(, 102 102 102
1000 City 4S 1042....101i 101(4 lAHi lOl'l
1000 do 1813 lOUi lOlii 101(1
7000 me & Peo Tr 4s 73(4 73
31000 Intcrsta Rys 4s. RR RS
1O00 Key Tel 1st Rs.. 03 1)5
R600 Leh Nv ens 4 (is 00(i liOJi
train T.M, VI en 4s ree .. 8(li
1000 do gen 4V.s... 08(4 I.W'4
uua Pi pnm 4Vs... 102(4 102
Minn a aen 4(4s ... 07(1 t)7(
looo rnua to cos os. - -
U2 Phlla Co sen "1(1.100 100
3 do 1018 08 (W
lO'O Phlla Eleo 4s... 7SH 78(4
1000 Welsbach Co 3s, VIVi 03
(4 0814 nsw
( 102l lOi'J
Vi 07(1 07
7t
R8
03
KltU
100
118
78(4
03
'3
R8
05
HUH
80'i
tl.j
1'2'J
07W
X
100
08
7814
91
Totsl sales, $39,027. compared with $24,330
yesterday; thus far this week, $78,100; earoe
period last week, $1SS,I43.
Local Bid and Asked
CI"
was paid In the previous
GOVERNMENT BONDS
wSSS;hig?!!Slld,e. Corporation, regu.
lOttaWt il -p.er,"nt' on Preferred, pay
rsL W itat ,loclt " ,'eeord September 10.
5 ffii10 yock ' record' septamber 15.
etSt?TIv.Ci!lm,nf''l. "ulr quarterly
Sa .lLV,P,I?,l October I, to stock of
czizirT
mreT.,?Sr, regvUr quarter.
l2rtV.,(?'"j:r,.-..r.7uLr gaarterty H4 -par
Nsrrad ' mm "." , na ? Per cant. "
Sia. uvaKl- m . . 4T f sm, on lira-
2vt M. 0tU)Ur to t ot record
Ht'P!' Comnamr. raswUr quarterly
sis uctooar
,,..
2s of 103 reglstersd ...........
2s of 1030 coupon '
Panama 2s registered ..........
Panama 2s 'lfflS ".ll"J '
!:.. us 8a registered ...
Panama nw 3s coupon v; JgJ
8, of WI registered iS
Ii of 1'8 coupon .. JuTJ
" of wsi registered ;::" i!J
..
. vy
.........
......If.
Did.
u!
. HI
vo
no
, 100
January 10.80
Ootober .0.-?s,
December 'JS'l8
March J0.M
May 10-80
Spot . . K.83
0.9S
10.27
10.08
10.00
0.7S
10.41
0.08
10,28
10.70
10.00
10.17 10.21
9,71 0.73
10.04 10.67
10.43 10.48
10.03 10.08
NEW YORK BUTTER AND EGGS
NEW VOniC. Sept.. 1. BUTTE K. Market
firm; recalpts. 16,430 pkgs.: extra, 20V4C j higher
scormg, 2Y2Titc.i State dairy, 20c. j Imitation
creamery, 22fi22(4e, . ' ,
EOOB. Market steady) receipts, 10,073 pkgs.i
extra Jlrsts, 23e6(4c,s .firsts. 242lUc.i nsyrby
whites, 824i33c.: mixed color, ?4tt28c; refrig
erator firsts, 23t21ci nearby browns, 23)0310.
MINING STOCK QUOTATIONS
TONOPAH 8TOCK8.
Bid.
Jim Butler ,,., .81
Midway .....,.-....... .1
llllipali Ixtsp.l9n .., ..(. ;
,11
Tononah Belmont
Toil Mxtenaton , .
p.mnnih Sfcrscr .
Tonopali Mining ,,.. BH
QOLDFIKLD STOCK8.
.... .29
Baldwin
do prrf ....
Buff & Sus t c
do prei
Today
Bid. Aikad.
. -ii
..101
.. 12(4
Cambria Steel R1V4
Eleo Storage A.l
Uen Aaphalt 30(4
u,
W!
1.'!
OR
aa prsi
Keyatone Tel
do t C. ........
At nref
Ike Sup. Corp
Lrhlgn nay
T,hivh Valley
Lehigh Valley Tr
do prei .............
Penna ......... .....
Phlla Co 4.-- .
do 8 per cent pref,,
do 6 per cent pief ,.
Phlla II T
do t 0 ..............
Reading ... ........
Tonopah Belmont .....
Tonopan urning ......
Union Traction ...,,,,
Ilnltea uas improv
it fl Rieel
U ti Steel pref
York Itwy
di Draf ......
Wro Cramp t e
8
33
M,
44
.18
42(4
10
10
74H
8",,
8H
7R
in?;
i
81
82J4
tiKMltfl
tttat
t t
f t f t a t
I
it or wj Kwpww
tttf
LIVE STOCK QUOTATIONS
PIS. H,W
! i rnf':! "U'"& raTUia
4 I
V heavy fS-miZXh Df
I1T.H.. UU1K, . VVM,W;
rrLK
-,irh n
111 iSU7.i
' V..irl
--.
.(.dv lisevea. n,v
tri.wi40.113i Tsxans,
"; d u.l nt B.
18,090 baud) market
mr r2JL iadi4H Jan. .aaa aatorl tistlrasf-tl
0aSVAvw".ir:i "maMZi
fO,4P0.V. Vflt Trw.-r-w-
!
t t f
( "
aiifiiii$lft
l.
Atlanta ......i
jiiva uuu
Booth .......
Bulldog
O O U '':
r-Amt,lnad Frao
BtaniondflaM B B..
Daley .....
yiorenoe ...... ...... ;.. ..
aoldtleld Consolldatsd ,,...,..,
..ifl 1.1 1mrr ..............
juiubo KxtsnalOD ...... I.....I..1.45
ifawanas
Oro .
fitno Ken .
Bllver Pick .
Fairy Axtee
Klrb?rly...,c
Asked.
.U
,20
.M
.12 .m
5 Si LT
R W
.80
o? .ut
.41 ,4.1 m
.01 .0.1 M
.03 ,04 M
.08 .10
,03 .04
.04 .0(1
.43 .47
ni p..
.18 IH
1.R0
IS
.00 .UK
.0(1 .08
a .iq,
. .01 .08 fMv
S -5g MH.aMSat
'SSI . TsTSBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBSl
Yesterday
Bid. Asked
S3 82ft 82
101(4 101 103
13 12 18(4
38(& J0
RIH Rl R3
iwVj miu (KM
R1H 0(4 31
(M 117 (18
i4w i, in;
U( IS. 14(i
oa os uu
oH "Vi i4
74 73i 74
71 7l(! 71(4
lll'i luU 10
:ri(4 32U -ivx
SIM Rl' sis,
44f 44Vs
4t 39 41
4.i 4214 41
J0V5 01 10
IflU Oil 10
7i 7? W
8 8B5" gR
83 84(4 M
751 7fi 73(i
112K 112U 113
7 7 7((
32 81 32
81 8J 8J
Iron Aro says: The main features of
the steel 6ltuatlon nro the larco amount
of new war business offered, particularly
In bars nnd wire, and the fact that the
possible open hearth nteol output of the
remaining months of this year is practi
cally all under contract. Prices on bar
plates and shapes aro stronger and East
ern structural mills have been able to
Ket $1 a ton more than the Pittsburgh
baBls of 1.3.
At auction American Pipe and Con
struction stock fcTl 20 points to 25. Fourth
Street National Bank declined 7 points.
Two sha-es of Winchester Repeating
Arms Btoclc sold at auction In New York
for $2300 a share.
Tho' annual roport of tho American Hide
and Leather Company shows a gross
Increase of $1,333,407, Net earnings In
creased $S77,827, and the mirplus was
$95,974, compared with $107,205 In 1914.
A special meeting of tho board of direc
tors of the Pennsylvania Railroad Com
pany was held today. After the meeting
it was nnnounced that there was nothing
to glvo out.
Tho Now York banks lost $468,000 to the
Subtreasury yesterday, and lost since Krl
day $4,608,000.
Transactions on tho New York Curb In
August totaled 4,278,810 shares, an in
crease of 8b6,G90 shares compared with
July. Rond sales totaled $2,037,000, a de
crease of $1.080,000.
A New York Stock Exchange seat sold
for $60,000, an advance pf $1000 from the
laBt sale.
Tho Westlnghouso Electric and Manu
facturing Company announces that stock
holders have subscribed to all the new
convertible bonds except $157,000. Bonds
not subscribed for nre to be distributed
pro rata among the depositing bondhold
ers, who will receive cash for the balanco
of their deposited bonds at 105 and in
terest. On and after September 10 next,
when interest on the deposited bonds will
cease, bondholders surrendering their
certificates wlll'recelve for each deposited
bond cash ($307.32 bonds at 103 per cent,
and interest), $1021.00 and fractional cer
tificate exchangeable for new convertible
sinking fund 5s when Issued, $32.C8.
The New York City Controller called for
redemption today $37,000,000 In corporate
one-vear notes which wero Issued Septem
ber 1, 1911. and bear 0 per cent. Interest.
Tho Issue waB part of a $100,000,000 loan
rnUi.,1 to meet foreign obligations of the
city which wore payable shortly after
the European war. started.
Holders of the Missouri Pacific defaulted
first nnd refunding 6s of 1909, tho trust Bs
of 11)17, nnd the 40-ycar gold loan 4s of 1945,
have been notified by Kuhn, Loeb & Co.,
as readjustment mnnagers of the Missouri
Pacific syetem, that they may secure on
advance of the defaulted Interest from the
respective depositories for the bonds by
depositing them or presenting certificates
of deposit,
J Henncn L-egendre has become a part
ner In the firm of H. E. Mitchell & Co.
WlllUT.-necelpts, 10S.OOO bushels. Outside
advlcea .were stronger and the market ruled
firm and lc. higher with demand fair. Quota
tions. I'ar lots. In export elevator NO.
ren, ne. spot and
o. a red western.
mmthern red. nw. ti (.tuti
4 k.I . n.f , . . . nil. n Man,.
l.iS'.ejl.oiti, rejected A, now, $tei.02i re-
ected" 11. new, lW(tc.sTfl.oo'4.
COIl.V.-Itecetpts; W0 bush. Trade waa
nulet, with prlcea unchanged. Offerings were
light. Quotation.! Csr lots for local trade,
as to location No. 2 yellow, MflWe.i steamer
ellow, MeSSc.i No. .1 sellow, 8.MJ80C. .
, OATS. lleeetpts, 73,037 bush. Demand was
light and prices were week and unsettled.
Quotation. No. 3 White, 4 Italic; No. 4 whits.
40filo i .ample oata. a?HBc. , ..
, Kl.orn.-lieeelpte, UoS bbls., and 604.540 lbs.
In sacks. There was little demand and values
were largrly nominal quotations, per 108
lba in wood. Winter, clear, new, $4.60$
4.SS; do., straight, new, $l.!Kff3 10; do., pat
ent, new, is 13W6.401 Kansas, clear, new, lute
sacka, 4.S13.10; do., straight, new, Jule
sacka, $3.1303.33, do., patent, new, lute aacka,
$3.403o.f0, spring, itrat, clear. oU, 8.I3W!.
do., straight old, $0ll.23i do., patent, .old,
$(1.4.18(1.30! do., favorite brands, old, $.73B7s
city mills, cholro and fancy patent. J6.73U7:
city mills, regular grndes Winter, clear, new,
$4r,oi4.S3. do. straight, new, ll.OOU5.10; do.,
patent, new. t3.10OS.4O.
ItYi: FI.OUK nss dull and without Impor
tant change. Quotations: $5A3.S0 per bbl as
to quality.
PROVISIONS
There was little trading and prices of some
kinds were lower. Quotations City beef. In
sets, smoked and atr-drled, lT,i82Uc.: Western
beef. In sct, smoked, 2320c.i city beef,
knuckles nnd tenders, smoked and atr-drled,
27B2SO.; Western beef, knuckles and tenders,
smoked, 27i2c, beef name. $310321 Pork,
family. $211(121.30: hams. 8. P. cured, loose,
11fll4c.; do., skinned, looie, 13(tIVIHC; do.,
tlo., smoked. 13frl3V.c.; other hams, smoked,
tlty cured, as to brand and average, 14?lSc:
hams, rmoked, We.tern cured. 14i?1uC.l
do., bolted. bonder. 2.1U24C.: picnic
shoulders, H. P. cured, loose, 10'4illc.i do.,
smoked, lO'ailc. bellies. In pickle, accord
ing to axriaL'c. loose. 12Vil.lc, hreakfa.t
baron, ns to brand and average, city curtp.
17W1V., breakfast bacon, Western curso. 17
wise. , lard. Western refined, tierces. l(lw
uc . do., do., do., tubs. 0V4'B,ic., lord, pure
city, kettle rendered, In tierces. U(4J0ic.l
lard, pure city, kettle rendered, In tubs, 0(4
J'Jc.
REFINED SUGARS
Trade ns quiet, but values were steadily
held. We quote rcflnors' list prices,
subject tu concessions of 6B10 points: Stand
ard granulated. t.O31i3.70c. ; extra tins granu
lated, 3.C083.03C.: powdered, S.700.73c; con
fectioners' A, G.S0S3.S3C.; soft grades, 4.739
3.40c
DAIRY PRODUCTS
BUTTnil. Fancy stock sold fairly and r.uled
Arm, with supplies well under control. Quota
tions: Western solid-packed creamery, fancy.
Bpeclals, 2S(4c. . extras, 2U(.jC. ; extra flrats, 2.."j
S2ilc; firsts. 245123c., seconds, 22023c: nearby
prints, rancy. 30.-.; do., average extras, 288
20c; do., firsts. 2.Y32VC.; do., seconds, 22923c.!
Jobbing sales of fancy prints, 31Q37C
LUGrf. Fine now-laid eggs were scarce and
firm under a good demand. Quotations'
In free cases, nearby extras, 2Rc. per dox.;
flrrts, $7.20iti.30 per standard case; nearby
cumnt receipts, $(! 1U.IK per case: Weatern
extra firsts. J7.50ft7.8O per eaae: flrats. $0.U0
7.20 per case: fancy aelected candled egga were
Jobbing nt 80032c. per dozen.
CHKllSK. The market ruled firm and a
shade hlghor under moderate offerings and a
good demand for deslrablo stock. Quotations:
New York full cream, new. ISKWHc.; do. do.,
fair to good, new, J8918(4c.; part aklms, OS 12c
POULTRY
LIVE. Offerings of fowls were light and
the market ruled firm under a fairly active
demand. Chickens were quiet, but steady. We
quote: I owls, fancy, weighing 3 lbs. and over
apiece. 17017(40., do., ordinary receipts, lOW
luiAc; roosters, 12artc; broiling chickens, not
leghorns, according to quality, 10!J10c.: do.,
leghorns, 13017c. i ducks, Pekln. old, 13ffllc;
do., Indian Hunner, old, 12913c: do., young,
according to size, 13M10c; pigeons, old, per
pair. 1SSj20c; do., young, per pair, 17(J18c.
UltnsSKD. There was a fair demand for de
sirable stock and the market ruled firm under
light orrenngs. I ouowing are tno quotations:
Frexh-killed poultry, fowls, 12 to box, dry
picked and dry-packed, fancy selected, lUc.;
weighing 4'i'nJ ibs. nploce, 184c: weighing
.".'iil lbs. apiece. 17(4c: welching 3 lbs. apiece,
l(ittl7c; under 3 Ibs. apiece, 11 WJl.'.Vic.; Ice
packed Western, 4(4 lbs. and over apiece, 18c;
do., en. alter sizes, 15017c; old roosters, diy
plcked. 13c; broiling chickens, Jersey, fancy,
2 1020c.: other nearby fancy, 22fi24a ; fancy
Urge yellow, Illinois, weighing 3 lbs. and over,
apiece, 2021c; other Western, weighing 3
lbs. and over, 10c: Western, weighing W&
2Vj lbs. anlecc, 18S10c; do.. Inferior, lbiflTcj
spring ducks, nearby, lClft7c: do.. Western.
1012c, equabsf white, weighing llfl2 lbs.
per doz $'!.00?4 00; white, weighing 0ST10 lb.,
per dox., !.TiKI.."W; white, welching 8 lbs. per
doz., $2.35&2.il.; do., 7 lbs. xr dot., .1"W
2.20. do.. (1(1(4 lbs. per doz,, t.00aL03:
dark. $1.3081.03; small snd No. 2. $1.
FRESH FRUITS
Cholco stock was In fair request and gen
erally steady. Quotations: Apples, per bbl,
UravenMcln. J2Si2.50 Wealthy. $2ft2.AO: luch
e.s. $1.73(2.23: Hummer Hambo, $22.30; other
varieties, $1.3032; peaches, Virginia, Weat Vir
ginia, western Maryland and Pennsylvania.
Klbertas, per crate, 40fjn0c; do. do. do., per
iiHMnri, -jioiuc; ao., i-wmwara ana Aiaryianu,
Klbertas. per carrier, 404J(10c: do. do. do.,
per basket, 2583c. do.. Jersey, fancy HI
berta, per basket. MftCOc. ; do. do., other kinds,
per basket, SOB 40c : pears, Lc Conte. per bbl.,
$2.30ii3.30; do.. Ilartlett. per bbl., $2f'(4;
grapes. North Caroline Deiawares. per 8-basket
carrier, $1.3002; do,. Delaware, Moore's Early
aiiu "iii.uu, ),v, iiiiiu, tHjJi.-.i:.. ,iu. uu. ,iu..
per 4-lb. basket. 8tfll)c; lemons, per box, $3
3.30: oranges, Florida, per box. $4)!; plno
apples, per crate Porto lllco. $1.6082.73; Flor
ida, $1 502 75; plums. New York, per 20-lb.
basket. 30?T40ci do. do., per 8-lb. basket.
Ilradshaw nnd Niagara. lOulSc; blackberries,
Delaware, Maryland and Jersey, per qt., 4flitc.;
huckleberries, per qt.. lliiSc. ; cantaloupes,
Maryland, per standnrd crate, 307f73c: do..
Jersey, per ba.ket, J34j50o. ; watermelons, per
car, $50ifl23.
VEGETABLES
The market ruled steady under moderate of
ferings and a fair demand for choice stock.
Quotations: white potatoes, Virginia, per bo.
No. 1. xiifl..n; ao., .to,
o;
Economists See Hope for IWt-
ter Exchange in Cheapr
Commodities
Dy
By FRANCIS W. HIRST
ot
Tfca
Francis. W. lllrat, Kdltor
Lconomiat.
8ptcia Cable fa Kvtntna Z4pvt.
LONDON. Sept. l.-From our Uritlah
viewpoint the most important and satis
factory cconomlo feature Just now I
the decllno In wheat pHccs. English.
Wheat, after hslnr nn tn SO ahtlllnaa tha
Quarter, is now down lo nliollt 43. S'lotir X h
and bread prices follow, too, tlorriy, but
this fall should somewhat ease our ex
change troubles, which are partly duo to
the high prices of food Imports. Now
that harvest weathef Is -much better,
good crops may bo eiTieclefl.
Germany's modification of her atrocious
submarine policy Is welcome to sea trav
elers and Indicates Increasing power In
the moderate party In Berlin, which sees
approaching bankruptcy and desires te
let down the tension with a view to peace
negotiations.
Tho stubborn defense ot lUKa, Rus
sia's chief port, gives satisfaction here.
Tho German-Austrian offensive is ap
parently directed toward Kiev and th
Black Sea country.
Business circles hero aro speculating
anxiously about the coming; budget, which
is expected before the end of September,
A protective tariff Is Impossible. I think,
as moro than half the Cabinet holds free)
trade opinions.
Labor problems remain troublesome.
The Trade Union Congress at the bepln
nlnK of September will throw now, light
on worklnR class opinion, especially cnp
cernlna; conscription. Northcllffe'a press
agitation for it is subsiding;.
PUBLIC UTILITIES
The Portland Railway and Light Com
pany reports, for 13 months ended July 31,
a decrease of $919,703 in gross earnings
and a net decrease of $712,60$, Tho sur
plus was $381,116, a decrease of $793,011.
For the 12 months ended July 31 tha
Cumberland County Power and Light
Company reports a gross gain ot $S3,173.
Net earnings Increased' $5S,8(4 and tha
balance, after dividends, was $134,976, an
Increase of $37,533.
The Columbus Railway, Power nnd
Light Company reports, for the 12 months
ended July 31, a gross decrease of $S21L
but a net increase of $141,238. Tho bal
ance, after dividends, was $lS&,3Ci, an in
crease of $153,586 over 1914.
The East St. Louis and Suburban Com
pany reported a gross decrease In earn
ings for 12 months of $309,379. The net do
crease was $28,012. There waa a deficit
after dividends ot $61,702,, against a sur
plus of $68,562 In 1914.
The Bnngor Railway nnd Electric Com
pany showed a 12 months' gross gain ot
$2178, but the net return decreased $8931
The balance after dividends was $85,407, a
decrease of $11,711.
Thn Commonwealth Power. Railway
and Light Company's gross earnings tor
12 months Increased J102.203. Net
$23i,0M. Balance after dividends,
a decrease of $35,722.
irnlngs for t
it gain was f
s, $1,219,757, V
The Consumers' Power Company report
ed an Increase of $280,232 In 12 months'
gross earnings, with a net gain ot $3l8,-lp
1(8. Tho balance, after dividends, was
$845,093. an Increase of $?75,SlQ -, ,'
Receiver for Mexican Light SC A
MONTREAL Sent L-0.Ii, cfv
has been appointed itScofver fQC the Si
lean Llcht and Power Company. The J
celvcrshlp was brought about thtdugu
the chaotic conditions in Mexico,
SO07ne,
white
Carolina, 11.73172: do.. No. S and culls. MO
75c: sweet potatoes, Jersey, per boaket No.
1, ennoac.i oo., r,o. -'. lonsac; omona. Jer
sey, per -nuinei nasKet. ssjrsoc.
per 4-lb. basket, 30cJ$l.
mushrooms.
BAR SILVER
NEW TORK, Sept. 1. The
merclul bar silver today waa 4t
Mexican dollars at 37 cents
?rlc of com
K cents, with
DirtECTOTtY OF ACCOUNTANTS
l'ublie Accountants
I.KOAI, ADVKHTIBEMKNTS
-3lN THK MUNICIPAL COUltT FOK
th, County of Philadelphia.
Beptember Term, 1014, No. 88.
Jacob ISlaar by Ids next friend and mother,
Freda Illiar, and Freda Illrar In her
own right, vs. Michael Cohen,
Notice to Jacpb Ulzar and Freda Illiar
and other creditors of Mlchsel Cohen.
Notice Is hereby given that a rule has been
granted on the above-named plaintiff, to
show cauae why the defendant, Michael
Coben. should not be dlacharged from arrest
aa an Inaolvent debtor In accordance
with the Act of Aaaembly of Juna 1. 1B1B,
I I 811.
Hula returnable Thursday, Beptember 2.
leio. .t io o,cAJ,RAIUU BonKorvm.
Attorney for Defendant.
N. 11. HEHOMAN
titinna T.nmharil !r..r.n v il
411 Walnut at.
Suggestions
How to Invest
for both large and small
investors will be given
those who write for our
Circular No. L-l 43.
A. B. Leach & Co.
Investment Securities
US South Fourth Street t
Philadelphia
New York
Chicago
Butts
Doaton London, Enr, Balttmcf
Svyiyyis
!WV
V y . " s
3
,
13
SOUND INVESTMENTS
filA23ER6.Ch tSrS-S?.
'.(.. .yr:;3CT-
W
STRONG 5 BOND UNDER PAR
We offer at 95 and interest an attractive S per cent Bond
free of all taxes, on local well known property, guaranteed by
endorsement by a strong company with a long dividendrecord.
The earnings show a wide margin of safety and the manage
ment Is of the best. Mortgage surrounded by usual safeguards.
Send for complete circular with map.
$500,000
Lackawanna Steel Company
6 Two-Year Gold Notes
Due March 1, 1917
Price 100 and Accrued Interest
Descriptive circular on request
Kean, Taylor &; Co,
, ..
5 Nassau Street
New Yrk
134 So. La Salle St
Chicago
Brown Brothers & Ca
Fourth anb Chwttnut Sthskt
PHIIiABELPHIA
t
MISCKLUaNEOUa.
w,.,- . ..Ann... smx West End Trust Bid tr.. Phlla.
KbbO A.MORIirni & KM. Members of the Phila. Stock Exchange i
Commercial Letter of Cj
A SSs(lysi sW A. aWWasWi StssslJ W,SssB
.rr.
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o? JKlfi
4V4'
I H, HKW-aB. .
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