BVEKING LEDaEE-PHILADELPHIA, WEDNESDAY, SEPTEMBER 15, laioV
n
JULY COTTON AT HIGH MARK FOR SEASON-REGULAR DIVIDEND ON STORAGE BATTERY
STRENGTH DISPLAYED
, ;BY INDUSTRIAL ISSUES
AwcrkMi Locomotive Moved
Up on New Orders Rail
t roads Sagged a Trifle
nitre YOnK. Fept lSV-Whlle tradlnc
JN bore active on the Stock ExhanJ
Ml ttie early houra today, there vraa more
irrularltv then hai been the rule In
Ike last few dava. In the early dealing
tr4ln wai fairly well distributed
tkrough the tint, b'ut as the day ad
wanted It became a war specialty market.
Tht hlef feature of the market In the
arly hours was the acant offerings of
stock, especially In the Industrials. Out
tde buying did not show any material
' Increase, and there was still a disposition
tv regard both the diplomatic situation
and tho outlook for the Allied loan as
uncertain.
On the whole, there seemed to be a quiet
absorption of stock by large interests to
discount any favorable developments.
There was no deviation from the custom
ary dally performance of new high
, records, and these were made by Bethle
hem Steel nnd Crucible Steel. The for
mer went to 350, up 1, and then dropped
Z points, while tho later rose a point.
. Movements In prices wero not wide, being
confined mostly to fractions. New York
Air Brake was an exception, gaining 3 Vi
points, as was American Locomotive,
which was up 3 points.
Among tho railroads the Erie Issues
were the features. The earnings of the
company are Bald to be good and the
outlook Is promising. Asldo from these
there wa a reactionary tendency In this .
division.
Moderate recessions resulted around
midday because of realizing sales. Pres
sure was not very large however, nnd af
ter some declines many prices came back.
The list was very Irregular. American
Locomotlvo continued a very strong spot,
being up over -1 points at one time. This
stock was helped by tho announcement
that the company had recently received
a number of orders for engines. Tho
closing was Irregular. Some of tho In
dustrials were higher, while the rails
were Inclined to sag a trllle. Lehigh Val
ley did not respond to the declaration of.
the regular dividend.
A statement by Tresldent Wlllard, of
the Baltimore and Ohio, that tho August
tonnage Is about 10 per cent, ahead of last
year, had very little effect on that stock.
President Willard said that so far Septem
ber continues the Improvement. "Pasien
ger traffic Is still off," ho said, "but pas
senger revenue for August may not look
so bad when the final figures are made up
as thst Item did previously. I should not
bo surprised If the September earnings
were almost or qulto up to last year's. It
was Just a year ago that we lost the Im
migrant traftlc, which meant 1800.000 a
year to the Baltimore and Ohio, so that
hereafter comparison will not be made
with the figures which contained thoeo
earnings."
On very light sales weakness developed
In Minneapolis and St. Louis securities,
tho preferred dropping nearly G points
and the common 114 points.
RAPID TRANSIT EARNINGS
SHOW DEFICIT FOR AUGUST
Increased Fixed Charges Offset Re
duction in Operating Expenses
. A. deficit of $4922 was shown In the
August report of earnings of the Phila
delphia Rapid Transit Company issued
today. This was due to increased fixed
charges which offset a substantial reduc
tion In operating expenses.
For two months, however, a surplus of
I22,J2 was reported against a deficit of
$2611 for tho same period last year and
a surplus of $20,503 in 1913. Details fol
low; August. 1015. 1014.
1013.
$1,802,153
ipaisen-
L1TS, l,au, ttkfi 91,B-tl,&UU
ther
II
K2.00O
1,897,7m
71,071
1.012,070
77,877
1,070,033
prns
tnsea
flings
,oper,
chges
1,060.741 1,111,017 1,155,595
811(010
813,041
4.922
S01.B53
808.7B4
0,811
R14.073
70n,34
14,118
,. tna'g Aug. 31:
rpassen-
8,721,241 8,800.304
j other
.burces . ..
0,UI l,Wa
1CA517
3,K7,W
2.1S2.433
l,VUi.230
1,032,537
22,002
142,094
3,804,230
2,248,719
l,fllfi,B17
1,(118,12!)
2,011
180.340
3,000,044
2.348.4S9
1.01R.151
1,507,1445
20,500
fj-vrana earns
Expenses:
Op. Expenses
JJet earnings
rrom oper.
(Fixed cheea
'Uurplus ...
pencil.
JNUAL TRACTION MEETINGS
tiring Directors Re-elected and
Asked to Forego Fees
At the annual meeting of stockholders
of the Philadelphia Rapid Transit Com
pany, held at 8th and Dauphin streets
this morning, Charles E. Ingersoll and
C," F. W. Packard, retiring directors,
were re-elected for a term of four years.
Of the total of 600,000 shares of capital
BtocW. 499,027 were voted, chiefly by proxy,
as there were only 20 stockholders pres
ent. William M. Coatea presided and It.
B, Selfrldgo acted as secretary.
The board of directors of tho Philadel
phia Rapid Transit Company organized
by re-electing the following officers;
K, T Stotesbury, chairman; T. E. Mitten,
president: R B. Hamilton, vlco presi
dent; It, B. Seltrldge, secretary and treas
urer; E. It. Austin, auditor.
All directors ot the Union Traction
Company were re-elected at the anneal
meeting of the stockholders at the 8th
and Dauphin streets offices of the com
pany after the Rapid Transit meeting.
Only 30 stockholders were present, the
majority of the votes being cast by
proxy. There were 230,128 votes cast out
f the possible COO.OOO.
3. 3. Bulllvan, president of the com
pany, called the meeting to order and
James S. Bucklln was elected to preside,
TV. O. Bhlfild, secretary of the company,
acted as secretary for the mettlng.
gome amusement was caused In the
meeting when, after it bad been voted,
for the sake of economy, not to have an
ual report printed previous to the
snctlnaTf Dr. Elizabeth Snyder, the only
woman stockholder present, suggested
' that, if economy was so essential, it
-woula wofeafely bo a good thing for the
direct t forego the fee they receive
whan tl attend regular meetings. She
lwu Mia t of order and took her seat
sjgynt pwteat.
'gag Mr Mwket Firmer
h-Vf TOKK, Sept, 13. The copper market
Ml 4W. la tk rtc r copper in
" " atviuTi of
aaSa r ,Hcr to both foreign
aswtssers m a, a of 18 cents
WC VVV'vH "fW4W(
UL-e4y Tnuwr MaUtary
.tt.
iusdn i
fs?u-ir
C..Ti,
pwa.nr"
CurtU A
Blake
lMt
is' all or noi
t;o. w K.
Uy Co., fa
SMaM
"ctllr
wi.,
awrW -to K.ta-
A Co uM M. i Day . Co. at
thM
f 101 D for nil. r Me,
ln4-eftf in f lkk Ttimmy MQm
vHm
blK IS -TB
m Mkreexea
ajnevot 9t
: ut . la m
ug
A"41Ug T1H
oeieniB
lr- iiu,
E3s
UsTTIw
New York Stock Sales
Last flow.
Utah. lew, Clot
33H 33 33
Alailca Gold Mints- 33U
Allls-CMImcn Mf
Allls-Chatm Ms Co pf
Am Ag Chemical
Am lhtet Sugar
Am Cn
Am Car Foundry- .
Am Toil rrodocU..-.
Am Cotton Oil
Am Cotton Oil pf
Am K press
Am Hide A Leather..
Am Ics Securities
Am Linseed
Am LlnsoeU of
42H 44X 42) 4Vi
ai -rrtxf fn Tni4
im xt:; xr ay;
. 551 C flSla nsw
89H 6Uj 60 0U
.. 08K 03H OHlf 63
...181 162 15DW 150.'
.. 60 60H 40 C0H
.. B5Ji Ofl 09 00
..100 101 101 101
.. Hi 8) SM m
... 2311 26W 24 2lf
.. 20H 21 1!H 10)J
.. 37 3ff 30U SdM
.. 63lf 67U 64 MH
07M 100 07 100
.. 20 'JO 20 20'
..81 81 SOU Mi
..100X 100H 100 100W
.. 81W Al 81 81
.162!i 160X 1S0( 150!
. 51 MH 62 liiU
10SM 108H 108M lOSJa
.123 121 123 123
.230 227 227 227
43K 44K 43 44H
03( 0l!i 01 04
.. 70U 72i 71 71H
..101'i 101K 101H 101i
Am Locomotive
Am Locomoltre pf. ...
Am Malt pf
Am Smelt A Itef . .
Am Smelt & Itef pf
Am Smeltcn lf tl. .
Am Snuff
Am Steel Foundries
Am Sugar Refining.
Am Tel & Tel
Am Tobacco
Am Woolen
Am Woolen pf
Anaconda Copper
Atch T 4 8 K .......
AtchT&S V pf
Atlantic Coast Lino...
llaldwln Loco
llaldwln Loco pf
Haltimoro & Ohio
Ilaltlmore & Ohio pf, .
Betulohcm ITtccI
ricthlenem Steel pf. ..
llrookljn Hap Tran. .
Ilutto & Superior
Cal rctroleum
Cal Petroleum pf ....
Canadian Pacific
Cent Leather
Chcsapeak & Ohio...
Chlno Copper
Chi Mil & St Paul. . .
CM It I&Pac
Colorado Fuel & I...
Consolidated das
Continental Can
Corn rroductsltof...
Cruclblo Steel
Cruclblo Steel pf
Deero & Co pf
Del Hudson
Del Lack & West...
Distillers Securities. . .
Dome Mines
Electric Stor llattery.
Erlo
Erie lstpf
Erlo'Jd pf
Fed Mln & Sm
Fed Mln & Sm pf...
General Electric
(iencral Motors
General Motors pf. ..
Goodrich UK
08) 00 08i 09
104
101 103 103
80Jf
81!f 80 mi
100
100
100 100
83K
70H
83V4
70?
KIU 83
70U 70
345 340
151U 16S!
Ht 84
00H GO'J
17H 17H
44 44
153U 153U
44 44
47H 48
45 45
340
.150
83 (
350
160!
84
07H
17H
. 07
18
. 44H
11H
15.IU 154
44
41'
47M
44)i
84H
21
401 i
12(1
83K
7H
48U
45
8D
221f
47i
127H
SO
7H
8IU 84!
20
SOW
45'f
40U
120H 127H
83Ji 80
17U 17,li
o:K
win
01 01H
1IM5U 107M 105JJ 100'
05 07 07 07
130H VMi VAM 130W
412 415 415 415
205 i 26T 20 20
.. 21M 21H 21H 21M
73 72H 72! 72),
.. 30 30H 30 30
.. 60H 61H 50'i 5H
. 40 40H 30!f 39W
.. 25J 20 20 20
.. 44 43!i 43 43
-.171 172 171 171
..205 260 257 260U
-.115 114 113W 114
.. G3lf 03 fi2? 02?f
107 108H 108 10SW
Goodrich B F pf
Great Northern pf 118M 118U 118H 118,'f
Gt N cfs for ore prop. 40!i 42) 40S 41U
uuggenhclm Eiprnt... 64 !i
04H
01H 04Ji
llav El l(y L & I' 84 85
Inter Con Corp'n 20H 20U
Inter Con Cor pf 741i 741
IntllarvXJ 100 108
Inter-Met vot t c 20H 20H
Inspiration Copper 34H .')5H
Kan City Soutucrn. . . . 20J4 2GU
Kanas City So pf 60 69
Kresgo S S Co pf 110H 112
8.r 85
20!i 20H
74M 74K
107Ji 107.U
205f 20!f
34JX
20
69i
112
341 i
20
69)
112
Lack Stool Oil 71
09)5
G'M
LehiEh valley
Long Island
143H 143i 1-13U 143Jf
I3H 40 40 40
Louis A Nashville 110
118V5 118H 11SH
Maxwell Motors 45 45W 44 44Ji
Max Motors 1st pf. . . . SSi 89 87 87
Max Motors 2d pf 30sf 37 3GJf 37
Mexican Petroleum 84H 85U 84J 85.4
Mo Kan & Texan tiJJ 7ii (ih 7U
Mo Kan & Texas pf... 14 15 14 14?i
Miami Copper 20U 27H 27 27H
Minn & St Louis 12 11 8 9
Minn & St Louis pf... 30 30K 21 24
Missouri Pacinc 3U 3H 3 Mi
Montana Power 58 58 57U 57Ji
National Dlscult 120 12254 122Ji 122JJ
Nat Cloak & Suit 82 81H HIV, 81!i
Nat C & S pf 10SH 109 108M 109
Nat Enamel & S 25M 27H 20'i 27H
Xat lead G3H 04f 03?f
Nat Ily of M 2d pf . . . 6 5 6
G3H
C3!f
5
14U
148M
00!
02H
26H
71U
30H
6
14
145
07H
02
261
71H
Nevada Con Cop 14Jf 14!i 1-Uf
isow York Air uraico.
N Y N II &H
New York Central . . .
N Y O & W
North American ....
Pacinc Mall
Pac Tel A Tel
Penn H P.
Peoples Gas Chi
Plttsbureh Coal ,
Pittsburg Coal pf
Pressed Steel Car
148H 145
07 0QJ
91K
91!
26M
71H
3014
32W
20
71H
30H
30)4
32J-5
324
32M
109H 109M 109 109
-.115 1104 115H 116H
.. 33 ;W 33VJ 334
.101H 100U 100U 100H
.. 01! 62H 01H C2H
..100H 100JJ 100)4 100H
Pub S Corp N J. ,
Pullman Co
Hy Steel Sp'g
ltay Con Copper.
Heading
Hep Iron & Stoel.
..157 160)5 158 160H
.. 375f 39
.. 22H 22) i
140U 149)i
43)f 431t
374 39
22U 22 M
149M 140M
43
Rock Island Co pf H
a
5
K
3
7
5
14)4
)i
3M
7H
5
Kumely M. Co 5
HumelyM. Co pf 8
St L &, S F 2d pf . . . . fili
Seaboard Air Line 14H
Sears Roe & Co 155
5)f
14)4
14)4
154if 164X 154)f
Southern Pacific bHH 89
88Ji 88Ji
105 105
15J4 15W
61 51
67 62
735f 73)f
110)4 UG!t
Southern Pac t c 104H 105
Southern Ry 15U
15!f
Southern Ry pf
. 5IH 61
65H 62
. 73M 735f
.117)4 118
.100 100
. 50 57
-Standard Milling
SUndard Milling pf...
StudebakerCo
Studebalcer Co pf
Tenn Copper
Texas Co
Third Avenue
United Dry Goods pf .
Union Pacific
Union PaclTlcpf..'...
U S IndAlconol......
United Ilys Invest. .. .
United Hys Invest pf.
100 100
64
55)4
.155 155)4 155
155
58U
59)4
120)4
80)4
84
23
38)4
51
. 60)f 6934 68,'f.
. 55 59)4 58
.12954 129H 129
. 80)4 SOH 80)4
. 80 85)4 80)f
23)4 23)4 23
38! 38)4 38
US Rubber 60)f
US Steel 75)f
51 60
75!f 74J4
74)4
US Steel pf
United Cigar Mfrs....
United Cigar Mfrs pf.
Utah Copper
Va-Caro Chem
.113)4 113H 113)4 113)4
. 48 60 474 60H
10434 104 104 101
00)4 67)4 60)f 67
37H 38 37H
69 CSU 68)1
38
Va-lroii Coal & C.
68K
116)4
280
76)4
28
West K & M 110U 117)4 H0H
Westing Air Brake.
283
280
Western Union Tel...
Western M aryland
Western Maryland pf
Wlllvi Overland
. 70)4
. 20H
. 44
,188
. 33
76)4
28)4
45
187
31
7U
28
45
45
180)1 180U
33 33
Wisconsin Central
Quoted ex dlvldtnd.
Total ralei. 520.100 hri, compared with
4I3.KOO hares ymterJay; thus rr thli weak,
lu,o00 shares; last weak, 853,000 shares.
BANK CLEARINGS
Ilank clearings today compared with corre
.M.riin. ttv laat two veara:
1MB. 1014.
Philadelphia I28.1M.MI 23.nuo.1T0
Boston .. ...MI.OTI.aun izl.soa.MT
K," York . 3W 8.18.205 Sll.T5U.K20
St! li)Ul... 14,W8,W)l W,10e.W
Chicago .... M.WMWI 6l.2lS,5i4
1018.
2S.170,3(3
2.1.8TX.544
31T.IK17.I0Q
13,Sfll,b03
tkl,lBU,ua
UATES FOR MONEY
Call
Philadelphia ?rVgi
New York ..,., ""
. Time.
SH.
o'k
filpuirn ..n 3)4D1 4
Commercial paper, three to alx monthi, Phil
alelfilila, 861 Per cent.
FOREIGN EXCHANGE
NEW YORK. Bept. IB. Alter opening eteady.
forelan exchanite weakened today, demand
aterlhi decllnlnc half a point. Quotation!
Armed up later in the day. cloelng aa (ullowai
r Surllni Franca ilirka Lire
Cablea .......t. 4.B7 8.09 82H U.18
Pemand ....,. t.0H B.9T 2 8JI0
-.l-ll .IIH.M II .. ,,
WANT RATE CASE REOPENED
Washington, Bept. IB. A' petition (or re-
eptnlni the Weetern advance rate caee way
e-neauien 10 . mea wiin roe loitrtKaie uom
rrerce TbrnmlMlon today by W. K. Lamb, t.
twni.y tor the llllnole Coal Operator AeeotU
tton and otlitre. The petition crargee fail
tui dlecTtmlnattoa from Chicago -and other
4ke 4M'K (olnla eialnut point, aoutli of Chi.
.o.. wlieace H.wa declared the Wwtera rat
Jtiklea eaueed higher tatea without pro
VuftlonaU tncraaeea (torn the lake docl pelnta.
hrk-M af Bora, ajui PIaU Uf
VflM,' YDSkT. Sapt U.-Althouat, only a tew
f Ow ael -aeraipeliUa wU quote ; for seat
reer act Vers. pUteo anJ wructuiite. thaaa
a4 '$! Quarter 3i
JOB
very.
: Taa !
eat aarasw m 14 Mr wit-
CRAMP SHARES CLIMB;
CAMBRIA IRREGULAR
Early Advance Encountered
. Profit-taking Sales Trac
tions Inclined to Improve
A feature of the late dealings In the
local market this afternoon wn a sudden
outburst of buying orders In Cramp Ship
building stock, which lifted It by leaps
nnd bounds from the last night's closing
price of 81 to 8?H- Considering the oxtent
of tho rise, orders wero not large, It only
requiring the purchase of somo 1300 shares
to accomplish tho advance No particular
news was forthcoming except hopes ot
largo additional orders for ships. The
buying was said to havo originated In
New York. Tho gain was not fully main
tained nt the close.
Electric Storaga llattery cased off a
trllle, doubtless because of disappoint
ment over tho declaration of the regular
quarterly 1 per cent, dividend. Somcahad
hoped that the rnto might bo rnlsed when
tho stock recently cbcamo buojnnt.
Except for a fair amount of activity In
Cambria Steel, light trading and nnrrow
fluctuations wero the rule on the Phila
delphia Stock Kxchango today. Cambria
was well taken and moved up moderately
on buying aald to be chiefly for New
York account. Tho Street naturally re
Knrds the stock favorably In view of ex
isting conditions In tho steel trade and
the announcement of tho anticipation of
the 1917 note Issue.
Nevertheless, there has been a good
ileal of Investment selling of the stock
by thoso who havo held It for years after
purchasing It In the twenties, and feel
thnt the record level It has now attained
must discount almost any favorablo de
velopment. At going quotations the stock yields
less than many high-grade bonds. Ilenll
zatlon of thle may have caused the sell
ing movement which developed In tho
afternoon nnd not only cancelled all tho
earlier gain, but caused tho decline to
extend nbout a point below Inst night at
the close. On the other hand, Pennsyl
vania Steel preferred, llaldwln and Urlll
dlrplnyed a tendency to harden.
Tho local traction Issues again showed
a disposition to Improve. It is thought
earnings from now on will bo on the
uptrend. Tho elimination of Jitney com
petition and the gradunl Increoso In In
dustrial activity hereabouts are the stim
ulating factors. This was borne out to
a moderate extent by tho August earn
ings, gten out today, although the full
bene lit of the Jitney elimination will not
be reflected until this month's earnings
nppcar. A gros decreaso of about $20,000
was converted through reduced expenses
Into a net Bain of about J9000. Thero was,
however, a deficit for the month of
$1322. In August, 1911. tho deficit was
J6S11. For the two months, though, a
surplus was shown of $22,C92, compared
with a deficit ot $2611 In 1914.
Philadelphia Klectrlc was not affected
by tho announccmnt that City Solicitor
Kynn was prepared to represent tho city
in opposing the application of tho Phila
delphia Klectrlc Company nnd the Key
stone Telephone Company for ratification
by tho Public Service Commission of an
agreement between them for tho renting
of tho surplus conduit spaco to the Trac
tion Comnany.
Tho hearing Is to take place next Tues
day, and tho question has been raised aa
to the right of the Department of Pub
lic Works to Intervene In this action with
out authorization of Councils.
MINING STOCK QUOTATIONS
TO.VOPAH STOCKS.
Bid. Asked.
Jim nutler
Midway
Mlipah Extension .
Muntana
Northern Star ....
Tonopah liclmont .
Tonopah Extension
Tonopah Mercer ..
Tonopah Mining ..
Rescue Kula
.81
.10
.20
.TJ
.10
;;!3
."uJ
U
.OS
.50
Weil End
.51
COMH'IEL.D STOCKS.
Atlanta 28 ,SS
llluo llu'.l 02 .(It
Month 43 .47
Uulldog 01 .0.1
C. O. U 0.1 .113
Combination Fraction 07 .01
Dlamondflcld U B 02 .0.1
Daiiy 01 .00
Florence 45 .47
tloldflcld Coneolldated 1.30 l.:!5
CoHtlcld Merger 18 .20
Jrmbo Fxtenelon 1,44 1.30
Kewanaa .'IS .an
Oro 00 .07
Sand Ken VI .14
Silver I'lck to .iu
MISCELLANEOUS.
Falrv Aztec 01 .0.1
Klmhrrlv 03 .03
Nevada II til IS .20
Nevada Vonder 1.40 1,43
NEW YORK CURB
Bid. Aaked
American Zlno B2V4 S3a
Braden i 8H VA
Ilr-Am Tobacco old 1SU H'J
Hr-Am Tobacco new ,, 14 r
Car Light 8 0
Uoldfleld Cone ., , Hi 1 fi-lO
Orrene Cananea 87 so
Kernrcott Copper ...,, (14 Mi
I. V Coal Sale J.VS 111.1
Magma Copper lOVi Wi
NIplMlnr Gi-i
Otis Elevator 71 74
Otla nievalor pref 01 01
Itllcer.llectman .Vi Ml
Submarine '. 47 48
Kterllne Hum , 2',J 2
Tobacco l'loducta no do
L'ntted Cigar Stores , ...1)7 102
United Clfar Storea pret 110 12.1
L'nltcil I'roltt new , 2 i!Vl
World Film Stt 4
Yukon Oold 2 2Vi
NEW YORK COFFEE MARKET
NEW YORK.
Sept. 15. Trading
In raff
futures wae extreme!
eiy nam. uaiea roi
light, galea for the day
amounted to only
n.-.w nag
ga. The market at
the start was steady,
with prices
vennrallv
JHKHcr. rini quotations uiapisyea gains OC X
to 3 points.
Closlnr ngurea were unchanged to 3 points
.., : . -..,- ...".-... I": --!
nuuve yestvruay iinaia. I rivvs luiiowr;
Toda;
open
ins.
Todays Yesterday's
ciose. close.
.... fl.l:in 0.1.1
September
October
November
December
January
February
March ..
April ,
May ...
I...
e,'l'&38.U
6.1G86.20
June
July
Bl
Id.
DIVIDENDS DECLARED
Central Coal and Coke Company, regular
quarterly 1 per cent, on preferred, payable
October 13 to stpek ot record September 30
Finance Company of Pennsylvania, quarterly
11.60 on first preferred, payable October 1
aa registered September 18 and an extra divi
dend of 1 por cent, on first preferred, pay
able October 1 to stockholders as registered
September IS.
Electrlo Storage Battery, regular quarterly
1 per cent, on preferred and common.
Central Petroleum Company, regular semi
annual 2 par cent, on preferred, payable Oc-
lover 1 u aim ui ivvvru Depiemorr 24.
iicpuouo iiauway ana iigm uomj
ay and Light Company, regu
per cent, on preferred, pay
to stock i record Septem.
isr qvancriy iv
able wciooer to
her M.
Marwlck Mills, tl on preferred 1010, and
11.60 on preferred 1011, payable October 1 to
slock of record September 21.
Wlilra Overland Company, regular quarterly
1 per cent, un preferred, payable October 1
to stock of record September 23.
Lehigh Valley, regular qusrterly 2 per
rent, on prefurred and common, payable Octo
ber 9 to stockholders ot record September S3.
American Typefounders' Company, regular
quarterly 1 per coot, on preferred, and I per
cent, on commen, payable October IS to stock
of record October, 10.
Julius Kayeer A Co., regular quarterly 1
per cent, en common, and Hi -per cent, on first
preferred, and 1 per cent, on second pre
ferred. , '
Heading Company, regular quarterly 2 per.
cent, pa common, payable November 11 to
stock of record October 26. The regular quar
terly 1 per cent, on the second preferred stock
will be paid ,Oetoher II to stockholders ot
record September il,
Price Oil AivuU
FJNDI.AY, a. Sept. li.Wth OHIO Oil Com.
Irliss44M e41s. '.
I1.13U0.1S
0.15UU.17
a 4lfid k
,.) .... H.274J0.2S
, tl,10a.3T 0.838185 (t.B.lfill.35
, ll.Mg6.41 .... H..1KNU.3V
. H.4t 0.4300.43 0.4.')H.41
0.40QO.DO .... 6.4880.40
U.MIIiU.04 0.6520.57 UMlU.S4
t
New York Bond Sales
High. Low. Clete,
$2.V)0 Adam Express 4s. . 70 74 .71
MOO Amer Hide A L ue...,iai 10.1 lui,
low) Anier Smelt Sec tia.,.loi)H luOH im
310W) Amer Tel i-lt 4s 7 87 87
)tHi do evt 414 101H 101 101t
lliKO Armout Co 4W OlH IH S
(. Atchison adi 4 Ml- MS W
Mono do cv 4s IH.18 tPOJt tS W
2S0KI do cv 4s 1IHW 10lt HIH 10IH
luo do cv 3s 1017 lol'. 101K 10K
lUWHt Atlan Co Line 1st 4s., M!i S3 S3
lll Halt & Ohio 3H HO K4 i,
18000 do 4s , 85H 83l MVi
2Oi00 do CV 4J4 f;, l J8.
201H) 11 O T L E W V 4s 77i 774. Wit
;t(X) IKth Steel 1st Ss 102 102. Iu2
HOW do rfd f.s. ........... 1K WWJ4 lVi
701O llrook Hap Tr he '18. .100 noli 100
1)009 Brook Un Ulv ldt 6s.. t)X 0"S'. OSVi
;iw Canada Pouth M 100 I11O , 100
2000 Cent leather 1st 6s... Pl'Vi W1J4 0H
2n.V Cent 1'ac lit 4a 83 84ti H-A
10000 Chill Con 7a ........113H 1"H "J
1.1000 Chcs & O cv ifa .... 7.1J5 7.1 78
11m An iu, fill. 81V SI
,000 does 102 101?, miTt
.1000 Chi A Krlo 1st Sa .... 00 , 00 00
Bono Chi Ot West 4a 04V4 01W 04'.i
nou Chi ft Sm deb 61 1021 02 02 02
TMXio C 11 & Q lolnt 4a .... 00H 1-IH4 1)0
3O00 dn gen 4 8S RH 8S
axai C M & St 1 4s 8.1 83 85,
1IMI0O do cp 8 101 102H 10.1
SiiSOO do cv 4s 0.1 MJ OJH
.-1000 Col A South 1st 4s .. 8.1H 83H MW
MK) Con Oss cv (la 110, 118 lie
41000 Del & Hud 4s 1016.. .10H 100H 100H
3.VK) Den ft 11 U 4s (W 08 SJ
3U0C) do rfd B 4.1, 4.1 4.1
12000 Detioll V'lt Ons 4Ha. 72JJ 71 71
ImKiO du I'ont 1'owd 44s ..1021 102(4 102
Imioii Krlo cjnv 4s Hrr A... 0I5 JJ4 114
1.1000 dornnv Is Ser n ... 70 iii i!J
1:1000 a en Eleo den Ss 101H lOlti 101H
3000 lnsp cv ret 3d pd 8S..142 141 Ut
31000 lntirb Met 4Kb Mi W 4 M
7000 Interb 11 T ret 6 00i 00V4 "JH
41000 Inter Mer Mar 4Hs.. 7.1H 7.1 W
11000 Internl I'nper cvt 6a. 0.1 Mi H
.1000 Internl Taper Os I)H IWJ
7000 Jap new g s 4Hs 721 72 i
10i) Knn City So 1st 3s... !' Ott Win
1KIO0 do 8s 8JH J7U S'Ji
20000 Lncka Steel 6s 1030.. 84"t 84'i Mli
tooo Lacledo lias rfd f.s.... i)t nova W'H
120O0 I.k Sh dch 4s 1028. . . OOTi DO no
1(XK U A M T Ss 102 102 102
OIHXI l.orlllnrd WIS Ml'H lt)
4000 Ixirlllard 7s 120 ISO 120
7000 I)uls & Nash 4 DO 00 HO
IO"0 Manhattan Hta 4s 8.1 8.1 81
7000 Minn A St I. 4s 4Sit 44 44,
Woo Mo Kan ft T rfd 4s... 4014 404 40H
Soon Mo 1'ac roi ,1s 11117 70 , "It 70
2000 Mo rnelfte cons Os tri in in
VKHi Nat Tuhe 6 ......... tW 08' 08H
3000 N Y Air Brake cvt Os.lOl'i lot'j 1P114
Musi N Y C A 11 :i4 0U 70 70
l.tMOO N Y C A llud lis rct..l04H 101 101 .
v) N Y C A Hud 4H 87 80 8!4
2i 0) N Y City 4s lUSu t 04S 05
4000 dn 4 4 j IKOO 08 OS'I 118
WOO do 4'4s 100.1 102'i. 101 102(1
31000 do 4H ll04 OSt: DSS, ..
1000 do 45a 1003 101 101 101
12000 do 4is May 1037 ...102 10t' 1I2
40OO do 4t4s Nov lr,7 ..101 101 101
4000 N Y N II A II cv 3s C7',4 07V4 I
2000 do cv 3s 77 "7 77
Iiooo do Os Ill 111 lit
1000 N Y Rwy adj 6a .... 40 40 40
21000 N Y State 4s 03 1)3 H."0i
12000 Norf A W cvt 4is....l0f 100 100
r.00) Norf A W 4 871 87i 87
r.1.100 Nor l'nc prior 4s 8D'4 80 8!
loooo Nor Pac ecu 8 02H 02 02.
20011 I'aclflo Tel 8s 00 00 Il
30(10 I'enna gen ct 4s 07ti 07 07Vi
23000 Penna cv 4 102 102 102
14000 Ray Con Copper Cs...lirii4 114 116
H0OO Rending gen 4s 01 01 01
2000 Rep I A 8 6n 04 tlt 04
IIOOO Rock Island 4s 70 70 70
4000 Rock Island rfd 4s 02 01V, 01!j
tnnno Rock Island Bs 47 40 47
1X100 South Bell 3s 07 07 07
4'iW South l'ac cv 4s SO 80 V)
17.100 do cv ret t p Bs '31.. Oil'4 00 PO
loooo South rac rfd 4a 81 81 84
4(100 South Rwy cona 5s..,. 07 07 1)71;
1000 Texas Co cv Oa 102 102 102
4000 Third Ave 4s 7ft 70 7D
14000 Third Ave adj Ba 78 78 7
rmw To pm a M' 4i 40 w 40
indoor S Steel Bs 102 102 102
600 U S Steel rea- Ss 101 101 inn;
&1000 fnlon l'ac 1st 4s 0.1 02 02
TM Union l'ac cv 4a 80 8!( 8n
nooo I'nlon Pac rfd 4s W 81 81
WiOO tVahaeh 1st Bs 100 100 100
3000 Wab Kou ct ata 4s.... 13 11 1.1
1 mono West nice cv .is Ki.i'4 jos 10.1
7240OO w B A M cv 6s w i..lin 114 lin
BOO WeM Shore re- 4a 8.1 8.1 8.1
13000 West Shore 4s .... ... 87 87 87
Total mlea. J2.30H.OO0. compared with 2,
.V)2,()O0 yesterday; thus far this week, D7.242,
000; last week, I4.011.0O0.
.... ..., -,. ..-....-.-...-.-. .... .n.B
Sales in Philadelphia
Yes. close. High. Low.
Close.
43 .
60
72
605 Atlls-Chal
K
43
70 Am Can
60
72
86
100 Anaconda Mln ....
00 Am Rwys 21
100 Am Loco
Mnj Iiald Loco 80
no do prof 100
273 J Q Brill 40
1 Cam Iron .... 43
0474 Cam Steel 0.1
100 Cent Iath
3.10 i:iec Stor 7.1
300 Erlo 30
45 Gen Asp 00
25 Ins Co N Am.. 23
HO Key Tel Co ... . 14
1042 Lake Sup Corp. 10
125 Lehigh Val .... 72
S! lh VhI Trans. 34
2 MtncMll 63
340 Pcnna R R B4",,
11 Penna Steel pf .8.1
205 Phlla Co 44
200 do cum pref. . 4.1
BIO Phlla Elec . . . . 25
UK) Phlla K T 10
610 do tr ctfs 10
10 Reading 74
10O Rwy S 8
15 Tonopah llflm.,,13",.
20 Tonopah Mln... 8
200 I'nlon Trac .... 30
427 United J Imp 83
2265. L S Steel 7.1
SS Warwick IAS. 10
10-West'land Cool, til
1201 Cramp A Sons.. 81
100 'Welibach Co
Sold for cash.
24
80
106 ion
40 40
43 4.1
01 2
44 44
72 72
30 30
00 00
2.1 23
14 14
101J 10
71 71
34 34
66 00
54 M
84 HI
44 44
43 43
24 24fi
10 lOVj
10 lt'
Ui 712
38 an
4 4
6 0
30 St!
eft hoyt
T8 75
10 10
01 H4
82 88
40 40
Total aalea, 20,327 shares, compared with
'70,300 shares; last week, 43,743 shares.
BONDS.
Last erev,
sale. High. Low, Close.
11200 Am Gas A F. Bs. K7
loni) Ilald Loe 1st Ss.102
1000 Beth Steel Os.,,118
112 Cam St scp MO.100
112 ilo May 1017.. 00
140 do Feb 1017.. 00
-000 L Nav ca 4.s. 00
3000 L Val Coal 6s.. 103
1 L Val ca Oa rer. ..
50OU Penna ens 4,102
20(hi do gen 4s... 07'
2000 Phlla Co ens Bs. SI
S.100 do 11118 fig
loon Phlla Eleo 6a.. ,101
1000 Cn ltya Inv 6s. 76
Total sales. $31,014. compared with 112,300
yesterday: thus far this week, 183,310; last
week, $127,757,
Local Bid and Asked
j.ooay Yesterday
Bid. Asked. Bid, Asketf
JL inIi II, '..
Today
Buff & Busq t 0.
i'.o piet ,
Baldwin ........
do nref
30
70'
.108
Cambria Steel )tl
Klectrlc Storage 71
General Asphalt ....... K2.
do pret ta
Key Tel ,,.. II
do t o ,, r. 14
do pref 88
Lake Sup Corp 10
T.-Mi Vav 1K7.
Lehigh Val 71
Lehlgb Val Tr 17
do Dref ....,.,. 84
r f nnsyivivuiK ,.,,,,.... t7.
1'hlla F.lectrlo ,. 21
Phlla Co 43
.to. 1 por cent. pref... 38
do 0 per cent, pret,., 43'
Phlla Rap Transit,.,., 10
da t 0 10
Heading 74
lon ei ...,.,....,. vata
'ion Mining ,..- nr, n
Union Trao 80 86
U Q I ,...,...f. 86 85
I. D Disci . ,0
York Rwy , ,,. 7 7
do pret 81 S3
Cramp A Co M 83
Ex-dlvldend.
NEW YORK BUTTER AND EGGS
NEW TORK. Sept. 13. - UCTTrJR-Market
higher but unsettled. Receipts, 13.108 pack
ages. Extra. 20U2UVic,, higher scoring W
2tc j State dairy, 23126c.j Imitation Creamery.
1 Creamery,
QstMark
rket ftrnj, Reeelpta. M52 packages!
Extra B't.
'ilWS.?" WiW- 2FM
by wmies,
flrttf,
1 - wie I VUiVTa 4t
Cniftf VflaWlo
refrlterator
6c,i nearby browns,
SJsjJiC
7w York and llarlsm Hsllroad 9 ....
on common and. preferred, payable October 1
to atock of record September 23. w"w
' METAL MARKET
NEW YOHK. Sept. W.-Tbe metal market
GeU lUnil in Lhh1m fe V, S.
Vt!. apt. . " -
wr iim jsjnik QJ
KM II.SBJ
Mr ttatn t UmT
f Ml HH
102 102 102
'!JH lls H
looif looij ioo2
00 00 uo
oorf 00 oog
not? 00 do
ion; 103 101
108 108 10
102 102 .102
S ' 07 07t!
k. ai3 8.18 8.18
08 fl8 08
102 102 102
70 70 70
80 80 80
106 100 102
22 822 63
72 73 73
M 83 aj"
70 eo 70
18 "
68 68 87
10 10 10U
1V71 UU1
tift n& 72"
a lit "fl "
84k fliii "
TRA 9..T -.r
B23 gi'"
I U it,
b n T.8 w
a'A HI. A
fi A
8tt 8T
T6 T5
ai jj
81 82
GRAIN PRICES SHOWED
LOSSES FOR THE DAY
Shorts Have Covered Specula
tion Light Export Sales
60,000 bushels
CHICAGO, Sept. 15. Erratlo conditions
prevailed in tho grain market followlna;
the opening today. Opening bids were
under the closing quotations of yesterday,
but n rally set In. This gavo way a few
minutes lator to ft break. While there
was a fair demand on hand In the early
hours, sellers wero scarce. The cash situ
ation continues to help conditions and
buoy prices.
At the closo prices wero below, yester
day's finals, tho greatest loss being In
May, l'i cents.
Outside markets were reported weaken
ing. The grading of winters lias been dis
appointing. Much of the arrivals nro bo
low expectations.
Hedging pressuro was conspicuous by its
absence. Shorts appear to havo satisfied
themselves nnd nro now spectators. Spec
ulation Is not being Indulged In to any
great extent, because of tho nervousness.
Corn opened nbovo yesterday's closing
prices, slipped off a trlflo later, but re
mained fairly firm In tho early hours.
Oats held firm before noon. Thero was
scattered commission house selling, but
sales were few.
Sales for export totaled 60,000 bushels,
chiefly spring and Manltobas. No sea
board sales by cash handlers wero re
ported. Liverpool conditions grew weak. Pres
suro was felt from outside markers anil
tho undertone relaxed. Spots and cargoes
were irregular.
Leading futures ranged as follows:
Ycat'd's
Wheat Open. High.
September .. 1.01 l.ol
December .. D.1 0
May Ki'4 00
Low.
D0
n.i
07
Closo. close,
1.00
1.014
105.
too
71
5t!
TS8
SiB
71
B7
58H
38
30
38
com (new oenvery)
September
72 ti
ms
h
30
33
38
December
May
Oats
September December
May
Lard
September October . .
January ..
Itlhs
September
October . .
January ..
Pork
September October . .
January . .
57
6S
.10
KS
38
i8
.10
:iii
3ii!a
1Sfl
t3(J
13S
8.17
8.17
18.75
8.12
8.20
8.20
8.12
8.15
t.2.1
18.57
12.03
12.75
16.30
8.20
8.83
8.10
8.2.1
8.63
8.25
8.83
8.12
8 2.1
S.67
8.15
8.72
8.10
8.20
8.30
8.22
8.63
12.0S
12.72
15.27
.12.80
12.80
15.33
12.02
15.17
.1.1.30
Hid. tAsked.
Financial Briefs
The Iron Age says: "With the stcel
muking capacity so largely taken up for
1915, tho trade Is dally making calculations
for the early months of 1916. Thero Is
more evidence that tho hand of the rail
roads Is being forced by tho size of the
foreign Inquiry for steel, to be shipped
after January 1. Locomotive orders and
inquiries havo been larger In the last
week than In months. Somo car require
ments are shaping up. In the case of
the New York Central, both rails and
cars are up, nnd rails for full and winter
delivery aio expected to bo placed at
lluffulo. Tho Seaboard Air Lino has
ordered 7000 tons of rails nnd the Clover
Leaf S000 tons. Generally, Western roads
have not begun to negotiate for next
year's rails. ,
On January 1 tho Westlnghouse Electric
will redeem the old convertible 5 per cent,
bonds at 105 and Interest. Holders desir
ing to anticipate this date of redemp
tion may surrender their bonds 'on and
nfter September 16, receiving 105 and in
terest from July 1 last to date of sur
render. Bonds may be presented at
Guaranty Trust Company for redemp
tion. Ttcgular dividends on Reading and Le
high Valley.
Tho Flnanco Company of Pennsylvania
declared an extra dividend of a quarter
of 1 per cent, on tho first preferred stock
In addition to tho regular quarterly dis
bursement of $1.50.
Henry & West were buyers of Cambria
Steel.
Today's auction sales of securities
showed mixed changes, Philadelphia
National Bank rose 9 points and Farmers
nnd Mechanics' 1, Pennsylvania Company
for Insurances feu 10 and Commercial
Trust 5.
It. W. Gillespie was appointed general
mannger of sales of the Pennsylvania
Steel Company and the Maryland Steel
Company, with headquarters In Philadel
phia. Mr, Gllllspte succeeds John C. Jay,
Jr., the new chairman ot Maxwell Motor
Company.
Edward B. Smith has returned from
his vacation spent In Canada.
For the fiscal year ended August 31 the
Packard Motorcar Company did a gross
business of $15,800,000, $3,150,000 more than
the previous year.
The directors of the Tennessee Copper
Company havo completed their plans for
the -sale of $2,000,000 6 per cent, con
vertible bonds to a syndicate. It is under
stood that the bonds will bo convertible
into the stock, of the company at 40 after
a given period.
Copper exports for. the week ended Sep
tember I wero 4.033.092 pounds. Imports
of ore matte 1,438,000 pounds, pigs, etc.,
2,751,000 pounds,
The New York banks gained $112,000
from the Subtreasury yesterday, and
since last Friday 16,211,000.
The Scranton Axle Company has re
ceived a contract for furnishing 600,000
shells to tho Russian Government
Tonopah Belmont, Glrard Trust Com
pany, Cambria Iron and West Jersey and
seashore Railroad were quoted exdivl
dend today except for cash.
At a meeting held September t, 1915,
tho capital stock ot the Philadelphia
Mortgage and Trust Company was re
duced from $250,000 to $125,000. and the old
stcck waa today stricken off the regular
list. The certificates of the company rep
retenting tho capital stock of $250,000 is
listed in lieu thereof, the certificates rep
resenting the reduced capital stock of
$125,000, tho new certificates being num
bered CI, C i, etc, and have engraved
upon them the words, "Capital, $125,000,''
Heavy Sales of U. S. Coal in France
PARIS. Sept. ID. American coal companies
Bio marketing considerable amounts of their
tunducU In France, where It may now Lo.
Uellvcred at fair proflts. One company has"
lust placed an order for 2.000.000 tons of coal
at pricea . which will ultimately land it In
Paris. Includlnr all carrying charges at about
16 francs (IIS) . ton' Retail pricea now
range from 100 to 120 franca.
DIRECTORY Or ACCOUNTANTS
CerllHxl Publle Accountants
IJIWRENCE B. DROWN
1615 REAL ESTATE TRUST
BlflL'
ILDlNa
1'ublle AccoimtaBta
. N. D. RERQMAN
Phone Lombard 650. ill Walnut at.
SPECIAL NOTICES
23P-
AT A KKCULAK MKET1NQ Of
tha Board of Dlreetnra nf ik. u...k
era National lUak ot Phlla ielphla, ilr. H. K.
frwM avpvisiaa vair. and Mr.
IPMI
iJr-t
mm:!i
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
mreiT bushels, i.ne
JWF1Z S'wSr.'nd'li: .Ver-under .
IVestem advices.
advices, quotations; car joi.. ","-ator-No.
2 red, spot n4.5,VH7,Ka'
1; No. 2 red Western, tl.HV&l") 2'
." red, lOipL?i "tesmer ?-o. 2 red
port elevator-
si. 00 m.u
j couinern reu, ew' v'"k . .to
H.otintuS; No. 3 red. ll.OTCl-O?,
1.0.lttl.0S, rejectei
i U," J1.O2O1.04.
44D bushels. Trade. waa
COHN.-ItecelDte. Z44B nusneis,
alow and the market declined c. Q''" 5o
Car lots for local trade, ns , '?Ta ifi?nc?i
2 yellow, 897c.i ateamer yellow, 80soc
No. 3 yellow, (064c
OATS.-Iteceipts, 38.76S bushels. The 1 mar
ket waa quiet ami barely steady. auo1"?.n';
No. 2 white, none here: No. white. 8U,.'g
40Uc, No. I white, 37Gase.t sample oata, M
UJoo.
FLOUn.-ltecelpts. WTO bbls. and 2.TjOI9
lbs. in sacks, There waa little tradlnr. but mill
llmlta were well maintained. Quotations, rer
100 lbs., in wood: Winter clear, new. 4.753,
do., straight, now, $85.25i do., patent, new.
$5.26(75.50: Kansas, clear, new, Juto sacKt,
a.lff.Vio. do., stralnhl. new, Juta sacks, '
TB.COi do., patent, new. Jute, sacks. $5.A1
6.8.1: sprlrnr, nrst clear, new, $4.85fl3.10; do.,
straight, new, $:Uutf5.ft6: do., patent, new,
$,l.5.Hf.l.(M: do., do., old, 0-'iuti'-',;,1t,do'uV5rI
orlte brands, old, i7i7..'15i city mills, choice
and fancy patont. $,ft7.:i5: do., regular jrades,
winter, clear, new. $4.7.1115: do., straight, now,
tJtfJUO; da., patont, new, $5.40U6.06.
IlYE PLOUIt.-Orferlngs were light and tha
market ruled firm, but trade waa quiet. o
quote at $5ff5.50 per bbl.. as to quality.
PROVISIONS
market ruled steady, but there
The
was
Ilttls
in
acts, smoked and alr-drled, 23fl2c.t West
ern beef, In sets, smoked. 25fl.oc,
city boot, knuckles nnd tenders, smoked
nnd alr-driod, 27928c. i Western beef, knucklea
nnd tenders, smoked, 27H2Se.; beef hams.
f32: pork, famllr, 2182L60i hams. 8. 1.
cured, loose, 12013ct do., skinned, looe,
11011C.: do., do., smoked. 13:c"..ot.h.cr
hams, smoked, city cured, as to brand and
average. Millie.: hams, smoked. ""J"1?
cured, lSflllc; do., boiled, boneless, 22g23c. ,
Mcnlo shoulders. 8. P. cured, loose, 010c..
do., smoked. l)01Oo.; bellies. In pickle, ac
cording to average. looe. 12fli2c; breakfast
bacon, as to brand and average, city euroa.
10917c: breakfast bacon. Western cured. Ill
17cj lard, Western, reflned. tierces. 8a0c.;
do., do., do., tubs, 8fl!)c: Inrd, pur; city.
Kettle rendered, in tierces. 83:ie.; lard, pure
city, kettle rendered. In tubs, S0c.
REFINED SUGARS
The market waa quiet and without Important
change. We quote reflnera' list prices: Stand
ard granulate,), 0.35c. ; extra fine granulated,
6.30c. i powdered, 6.40c.; confectioners' A,
6.20c. ; soft grades, 4.45SJ6.05C.
DAIRY PRODUCTS
niJTTEIl. The market ruled steady under
moderate ortrrlnss, but trade was comparative
ly quiet. Quotntlons: Western aolld-packed,
creamery, fancy, specials, 2V.: extras, SOc,:
extra firsts, 25g2.VAc; firsts, 24n24c:
seconds, 22(23c.j nearby prints, fancy, .;c.:
do., average extras, 2728c; do., firsts. .'5
211c: do., seconds. 2324c.; jobbing sales of
lancy prints, 3.1630c.
EGOS. Strictly line fresh eggs were In small
supply and film with demand fair. We quote
aa follows. Free cases, nearby extras, s)e.
per dox.; firsts, $7..V)fl7.80 per standard easel
nearby current receipts, $6.11097.20 per case;
Western extia firsts. $7.8088.10 per case:
firsts, $7.2087.50 per case: fancy selected
candled eggs were Jobbing at 313Jc. per dox.
CHEESE. The market ruled firm and a
shade hlRher under small supplies, a fair de
maud and strong country auvlces. Following
traillnr. ounf ntlnns: l.liv ui-ct,
aro tno quotations: .New lorx,
fancy, now, l5V,l.1c.; specials,
do., fair to good, new, 14fJ15c
full cream.
higher: do.,
part skims.
03 l-c.
POULTRY
LIVE. There was a fnlr demand for desira
ble stock and values were we maintained un
der moderato offerings. Following are the
quotations: Fowls, as to slie and quality, 15?
luc: roosters. 12iil3c; spring chickens, ac
cording to quality, l.lftlfc: ducks, Tekln, old,
i:t14c; do., Indian Runner, old. 12013c; do.,
oung, according to size, 14iil5c; plgeom old.
p'-r pair, lsfl'-tlc; do. ,young, per pair, 1761S0
DRESSED. Suppllea of 'deblrablo stock
were small and tha market ruled firm,
with demand equal to the offerings. We
quote: Fresh-killed poultry, fowls, 12 to
box, ilry-plclted and dry-packed, fancy,
selected. lUc: weighing I'iflS lbs. apiece.
1KU.C . wriithln 3H.1M lbs. apiece. liUe.t
weighing 3 lhs. apiece. IO.I1I1C; under
8 lbs. apiece 14ei5H.l Ice-packed West
ern, 4 lbs. and oxer nploce. IScj do., smaller
sixes. 15017c; old roostern, dry-picked, 13c;
broiling chickens. Jersey, fancy, 21820c;
other nearby fancy, 2224c-, fancy large yel
low, .Illinois, weighing 3 lbs. and over apiece,
20321c; other Western, weighing 3 lbs. and
over. 10c: Western, weighing 1'402 lbs.
apiece, 18B10C; do.. Inferior. lu317c: spring
i.nUa n...l.n ,,1lCT1T, . A I H-an .. 1Al1"n
uuina, hv.iuj, ,v-. u,.., ..-.u., .uu- ,
suu
uabs. white, weighing 111Z IDs. per dox..
$44.:
$3. Lit
75: white, weighing DW10 lbs. per dot..
5B3.05: white, weighing: 8 lbs. per doz..
J-2.65iil2.75. do.. 7 lbs. per doz., $2.1002.33:
do., aa lbs. per doz,. $1.0031.70; dark. $1.50
Sfl.75; small and No. 2, $1,
FRESH FRUITS
Choice atock waa In fair request and values
generally were -well sustained. Quotntlons:
Apples, per bhl. Blush. $2.5003: Gmvensteln,
$2.60(13; Wealthy, 2.fi)3; Orimea' Uolden,
2.6Utf; Summer Rambo. $2.25)83; Pippin,
2.2-3, Smokehouse, $2.25173: Duchess, $1.73
12.23; other varieties, $1.5032; peaches, Vir
ginia, West Virginia, Western Maryland and
Pennsylvania, Elbertaa, per crate, 50875c:
peaches, Virginia, West Virginia, Western
Maryland nnd Pennsylvania, Elbertas. per
basket 3040c ; peaches, Delaware and Mary
land, Elbertas, per carrier, 60B00c; peaches,
Delaware and Maryland, Elbertas, per basket,
2Cffl33c; peaches, Jersey, fancy Elbertas, per
-buihel basket, MiltQDc.; peaches, Jersey,
other kinds, per baskot, 13040c: pears, Hart
lett, per bbl., $3U&: do., common, per 1)01.,
$1.60n2; grapes. North Carolina, Delawaree,
per 8-hasket carrier, 75cfi$l; grapes. Dela
ware. Moore'a Early and Concord, per car
rier, 60Uft5c; grapes, Delaware, Moore'a Early
hnd Concord, per 4-lb basket, 8a0c; lemons,
rer box. $2i3; oranges, Florida, per box Xttfil;
pineapples, per crate Porto Illco. $1.2602.50;
do., Florida, $1.2582.60; plums. Virginia.
Damson, per 20-lb. basket, 30ft 40c. ; plums.
New York, per 20-lb. bnsket, 20ttf.'i0c: plums,
New York, per 8-lb. basket Ilradshaw ana
Niagara, 10815c: do., Heine Claude, 10813c;
blackberries Delaware, Maryland and Jersey,
per qt 486c: huckleberries, per qt 088c:
cantaloupes, Maryland, per standard crate, 30
(375c. ; do., Jersey, per basket, 26875c.: water
melons, per car, $1008250,
VEGETABLES
Supplies were fairly liberal and prices gen
erally favored buyers, with demand only mod
erate. Quotations: White potatoes, Jersey, per
basket No. 1 Itose. 80ilS.lc; No. 1 other varie
ties, 25830c; No 2, 10I16c. Sweet potatoes.
Jersey, per basket No. 1, 80885c: No. 2. 131
20c Onions, per 100-lb. bag, $1.2.1ii?1.60: do?.
Jersey, per -bush. basket, 83840c. Mush
rooms, per 4-lb. basket, 60c.8$l.
NEW HIGH FOR COTTON
NEW YORK. Sept. 15. Selllna: order
quite pit
ulte plentiful this morning, with tha result
tnai ma cotton mantel opened only
kuuuu iuijieb opened only steady,
with prices unchanged to 3 points higher, da
anlln tVtM fssrt t)ns T IvaenAal , .. T.a. s. -T
fllO 1MB Vfc t4Sl, Mlivijiyill VHII1D lHUCfl DOlIVf
than had been expected. Wall street interests
bought virtually all the options, while houses
with Southern connections operated on both
sides. The weather conditions In tha belt
were considered favorable.
. I'n.-es Improved throughout the day and new
hliih rocords were established all around The
Its the fact that I.
b.w.v ...... ... . .-. ,..,, nuu.a ,na lllgnr.
Yes. close.
Open.
High.
Low. do
January ,.,,,,11.10
December .,.,10.04
October 10.57
March 11.41
May ,,.,,.,..11.110
July , 11.70
Spot 10.43
Il.W)
10.00
10. ua
11.41
11.72
11.02
10.03
11. an
10.23
10.88
11.08
'lLOO
12.00
11.00 n.:m
10.04
10.20
10.8S
11. mi
11.03
12,00
10.68
11.41
11.71
11.88
f
T35w!
settMWm
RAILROAD EARNINGS IMPROVING
,,, Kaj Uroad earnings continue to make most favorable exhibits
and we look for further improvement jn certain territories due
older Pem,ltH""rUSUabusi!18 "tloiM. Our recently issued
sS! 1 Iny"nient Opportunities in Standard Railroad
?vtri rt,?1 materia, iftance to you If interested in
'", " e " .iST1? Cla88, W'Ylbe glad to have you confer
Wn V,t JZa5t J.0 an? ec1, which you are Interested,
and our statistical department Is at your service.
REED A.M0RGAN & O.'SSSiSSS&SSti
Brown Brothers & Co.
Fourth anb Cmwirnrr Stkeetv
I'HILADBLPHIA
High-Grade Investment Securities
wwm iMoritie Cbodui $my tiau upon yfikttim.
WAR MAY MAKE GOLD
CHEAP, SAYS EXPERT
Outflow to Neutral Nations.
Likely to Make Yellow Metal
Drug on Market
Dy FRANCIS V. HIRST
Editor of "The Economist."
pee(al Cable to the Bvtntna Lttotr
LONDO.V. Sept. 1S.-A. war continue,
with British and German expenaiturei
tor war afono reaching a total of pmi,.
ably 7,000.000 a day, the outflow ot ,ut.
Plus jtold from Europe to the Unite!
States and to alt neutral countries muit
Increase. Even Spain has taken about a
million dollars' worth of the precious
motat from London lately. Jnpan m
probably receive a B'eat amount fro'J
ItusBla In return for vninltions. But whit
will happen when pjid becomes a drus-1
noutral markets and belligerents can offir
nothlntr else In return for Imports? t
seo from Japaneso papers that Ruma
Jnpanese merchant fleets, which carnr
on trade between Vladlvostock and Jabs7
nfter ralslnc freight rates, havo Insist
ed since Aucust 10 that freights be oaii
In Japanese currency, thus avoiding tha
depression In the ruble Gradual diss!
patlon of great European gold hoards'
together with excessive Issues of ineoni
vertlble paper on the Continent, mny ha
,'".. nw.u .,,, i.ui. Buuuur 10 that de
monltlzation had upon silver nfter m '
Gold may become cheap and purchasing
power may fall further. Gold prices will
rise, and nfter the war, or perhaps he.
fore Its end, tho double consequence of
rising prices and diminished demand for
labor will cause universal discontent
among the poor. '
Tho mectW of Parliament, followlne
the Trade UVilon Congress, will clear the
political nlr. Conflicts in the Cabinet
over conscription may be delayed till
finance Is settled nnd the Dardanelles
Irsuo decided. The budgot is the principal
dish. Ono hundred million In new taxes
aro freely predicted. Prolongation of '
war ninltes public nnd private economies
CSRCnttHl.
According to tho Times, Lloyd-George's
criticism of trade unions has produced
resentment. Peril of overstraining In
dustrial workers was emphasized at
British Association meetings. Overwork '
usually means more strikes rather than
Increased production. Government factory
inspectors drew attention to this aspect,
apparently overlooked by Lloyd-George.,
who Is now the prophet of compulsion
Mid conscription.
SECURITIES AT AUCTION
The following securities were sold at auction
today by Rnrnea & Lnfland:
3 shra. The Hermann Building and '
Loin AEFOClatlon Xo. 2 of Phila
delphia tnoth Series) $115
10 shrc. Philadelphia National Dank. V
Par $100 , 450
1 shr. Commercial Trust Company.
Par $100 375
7 ahrs. Reliance Insurance Company.
Par $50. (Voting trust certificates), .11) ,
60 ahra. West End Trust Company. ' .
Par l0O 150
22 ahrs. Philadelphia, Germantown and
Norrittown Railroad Company.
Par $50 136V,
60 shrs. Northern Liberties Oas Com
pany. Par $2.1 40)i
10 shrs. Farmers nnd Mechanics' Na-
tlonttl Rank. Par $100 132
1 shr. Faimeis and Mechanics' Na
tional Hank. Pur HOD 131 ,
11 enrs. larmcrs nnd aiecnanice' Na
tional llnnk. Par 10i 128
3 shrs. Commercial Trust Company.
Par $100 375
7 shrs. Franklin Trust Company. Par
$50 .' 54
1 hr. Philadelphia Trust Company.
Par $100 71 .
2'shts. Fire Aseoclatlon of Philadel
phia. Par $50 .31314
13 shra. Philadelphia Life Insurance
Company 10
1 shr. Pennsylvania Company for In
surance 601
1 shr. Philadelphia, Oeimantnwn and
N'orrlstown Railroad Company,
Par ?.'fl ... 13Wi..
40 shrs. United Oas and Electric
Corporation, First preferred. Par
100 ;...' 34
11 shrs. Northern Liberties Oas Com
pany. Par $23 40H
20 rhrs. Philadelphia and Camden
Ferry Company. Par $50 , 10S
23 ahrs. II. K. Mulford Company. Par
$:.o
ea
23 snrs.
Philadelphia
Bourse. Pre
Bourse. Corn
Bourse. Corn
lerrea. i-ar k.i
21
tl
10 shrs.
Philadelphia
mon.
10 shra.
mon.
i-ar .-w ....
Philadelphia
Par $50 ....
LIVE STOCK QUOTATIONS
CIUCAOO. Sept. 15.-HOQS-Recelnts. 1S.0O0;
market, lotuac. higher! mixed an
na nuicnen.
$n.788.3o: good heavy, X7B7.KI; rou
$0.V)ilSO: light. $7.5038.40; pigs, $
h heavy,
.00US.2J;
DUIK, ,.i.H,n.
CATTLF. Receipts. 12.000: merket. 10t20c'.
higher! breves, $5.5010.40: cowa and heifers.
3.251(Sl.l5i Texans, $0.7580!
calves, J.oo
$a,
0$12.
IIKEH Recelnts. 10.000: market
steady!
native and Western, $307.30: lambs,
$0.21
uo.vu.
SLUMP IN EXPORTS
WASHINGTON, Sept. IS. For the wee
ended September 11 export fell off sharply.
They amounted to $3S,6ai,7f, the lowest for
one week this year, and a drop ot $27,000,000
from tho week preceding-. The trade balanc
for tho weik fell to $0,672,241.
Although the figures represent only five days
ot actual business, no trade having btea."
recorded for I.abor Day, the decrease la fsr
out ot pioportlon to the loss of a single day.
Imports for tho week were $26,021,467.
Rock Island Interest to Be Paid
NEW YORK. Bept. 15. N. L. Ameter,
chairman of the Minority Committee of the
Chicago, Rock Island and Pacinc Railway, an
nounced thnt the $500,000 Interest which wa
due July 1.1 on the company's S per cent,
debentures will be paid. This, he sail, opens
tho way far carrvlng out the plans for the
reorganization of the Rock Islam) properties.
Sound Investments
Frazier & G.
Bankers
132 S. 15th St.
M
Stock Exc,hanr,
--