Newspaper Page Text
EVENING LEDGEE-PHIXADELFHIA, TtJEBPAY, SEPTEMBER 21, 1918.
54 POINTS,, LEADING SPECIALTIES
Many New High Records Established in the Most Active
Day's Trading Seen
NEW TOIIK, Sept 21. Everything
, the background today In favor of tho
Sl new hign records csiaousnca in
piock Exchange In many days. Not
J a demand, anu vinuauy an or it centred In the class of stocks which
te known cither to have received large war orders or thought to have them.
The principal nctlvlty was In tho motor shares, while the standard list was,
is csual, neglected.
r The most violent upward movement was In General Motors, which by mld
Hrnoon had rushed up 54 points for the day to a. new high record of 850
i thare. New top marxs were also established by Bethlehem Steel, up 12
"saints; Crucible Steel, Willys -Overland and Studebaker. The oldest traders
"teuld not remember any day on which the advance. In ono special stock on
the Stock Exchange waa as largo as lnfJeneral Motors. It Is true that some
purities In the outside market have registered larger gains in a day's trad
jnrf, but not on tho big board. There was no news accompanying the violent
upswing In General Motors, and tho only apparent reason was a further
response to tne ou casn aiviaena declared by the company, which led the
iMCuIators to expect that the specialties, especially tho motor companlos.'were
Waking enormous profits. Prices at tho
iwrket was strong, uenerai Motors lost
From all Indications, the financial
)f. There is n Deuer leeung
various times there has been a faint
egressions of optimism of the future. The two most Important factors at
the moment are, of course, tho settlement of tho big loan to Great Britain
ind France and a satisfactory conclusion of the present diplomatic situation.
Both are acknowledged to bo much better, and, In fact, of tho former It is
aid that only a few minor details are yet to be agreed upon.
The feeling is becoming more pronounced that with tho consummation of
the big loan thero will be a general uplift to business. And the reason for this
Is a good one. From the reports that have been received by the financial com
munity, always unofficial, of course, It has been agreed that all the money raised
in this country will be spent here. This money, then, will go out Into tho chan
nels of regular business and to the workman, and it will be beneficial all around.
There Is every reason also to expect an ever-Increasing demand from abroad for
eur products, and then, too, tho outlook
It Is pointed out that the loan, which is such a huge affair, cannot be ar-
rnged In ten days or two weeks, aa
bankers throughout the country ancK
luccess to the loan when It Is finally
While nothing official has come out
belief (n Wall street that some official announcement will be made concerning
;the loan after tho meeting of the bankers tomorrow. Considerable progress, It
sis understood, waB made at the conference yesterday, and more details may be
perfected today. As yet one Important question, that of whether the proceeds
ehll be used to purchase war munitions, Is undecided, but it is thought that
,'thls will be settled, probably today.
Steel's Net Earnings for Last Quarter Estimated at $50,000,000
Estimates current in the Street place the not earnings of the United States
Steel Corporation for the last quarter of the year nt $50,000,000. This would
1 tnean a surplus after all charges Including the preferred dividend, of between
I $15,000,000 and $30,000,000 or at the rate of $100,000,000 to $120,000,000 a year,
: equal to between 20 nnd 25 per cent, on
In the last quarter will be due to full
Trade Balance of $35,423,734 Reported for Last Week
A very encouraging Item of news came from Washington In the form of
the statement of weekly exportB. The
ance and the exports for the week
for the fiscal year and have only
European war began, according to the figures of the Department of Com
merce. The figures were as follows: Imports, $29,825,149; exports, $65,249,883;
trade balance, $35,423,734. A total of 91,089 bales of cotton were exported
during the week.
Baltimore and Ohio Railroad
The statement of earnings of the
f month of August was Issued today.
ment reported last month, the first
J The gross was $684,481 above the same period of the previous year, while
Uhe, net advanced $627,189; two months' gross was $1,172,646 larger and the
net $1,432,081 higher.
High. Low. CIom
33!f 32H 32Jf
!!( Rold Mines.... 23K
' Allls-ClutaMgOopf. 72
An At Chemical...... 03
Am Beet Sugar 60H
- Am Beet Sugar pf 02
72 71 M
aid can nr.
Am Cu & Foundry
105H 106H 105H
70H 74 70H
am com products 152
Am Cotton Oil sik
Am Eipresj 103
Am Hide & Leather... OH
Am Bide & Leat pf... 4Ui
Am Ice Securities M
Am Linseed 20H
Am Unseed pi 35
Am Loeomotlre 67W
ai Locomoura pi. .. .1CXJ
am omen & itel...
Am Smelt & Ret pf
Am 6teel Foundries.
Am Bagat Reflnlng.
107W 107H 107H
56H 51 54
inou iinu inou unu
aiDugar xieiinint pl.lMJi 110 115 110
Am Tel ft Tel 124H 124H 124H 124H
Am Tobacco 227H 229H 227 229H
Am Tobacco pf near... 108 100 108 100
AmWcolen 48 48H 48 48
Am Woolen pf 04 04 03K 03H
.MfMd Copper 71H TIM 71M 71H
lthJ & B Y 102H 102H 102 102
AtehT&SFpf 08M OOH 88 08W
BiMwialMo 81H 82H 81H 82H
ldwln Loco pf .100H 107 107 107
Wttaort Ohio 84H.84H 84 84H
WtopreftOhlopf... 71H715X 71H 7W
"fW Steel 345 357 330 354
JstMeuem Steel pf.... 180 164 100H 164
weeUynRapTran... 84H 84H 84H 84H
Ntto A Superior 60H 60U 00 60H
?SS!.troeum 21 21H 20H 20H
CU retroleuia pf 40 47 40 40
Cttadlan Pacific 155H 150 16SH 165H
Cert Leather 48H 40H 48H 48H
ct Leather pf ,100 JOOH 100 JOOH
JJ?Wli Ohio 40 40 48H 48H
vjow,pper 44H 44H
SiwWeit pf... 31H 31H
90 08tLpf 07H 06H
Sft?1 Ful 1 64H 54
Cwsitock Tunnel... 11 12
fWat4aaj DiH 120H 128H 129M
"?!LU?ulcn 89H 02. 00 00
CiwPKKlncUKef..... 18H 10 18U 18H
SSifiPM5'""" 80 85 85
CwetMafatoft!,, (UU 07)f OJ 05H
)SJ"Btelpf., 106H W7H 106H J07H
r"-n pugar 114 120 114 11U
uaBUgar pr...llO JOi
Cr."" ! u;i 11
25V4 25! J
171 Vi" 174
j""" atw nailery,. 74
.......... , am
w..., . ,., 40
I Molois van
ItMSleiel B V',' .n
106V4 108H 108H
ftlm.lTT 1 V..9...IW KW1 VW71 WO
gjjawpwp. 46H 45M 44K 44M
gMJrtftaiBgpl'at,,. 85W mi 65 64
'f"" Cent iiYitr lfakU in'iW lOiMI
!W"Corp'B aoi aov. aox
'tooCo pf., 7 74M 73H
J, ...... .10i 107M 107
etiotto -jfiu 'jnw tai
eUoualPinar inu nti mu
t Paper pf .,.. 3V4 3M4 38X
kUSB ClonnAT. . . . aa,U I'itXt HAXt MA
'. emtMia..,. 27 24M 3wM 3
is j mi 4 "
yn ..,i4H i4w j4.
im:.., mi .
tm$ BtecttH.,,. JUH m
kiTiik.......ii tw im
H Mj .12W M7M m
mi.t r mamt mmWmM
9mr MPs) eaPa
Since Early Summer.
else In tho stock market was relegated
war specialties, and there wcro sev-
the most violent trading seen on the
since tho early summer has there been
closo were oft from the high, but the
about 27 points of tho day's gain.
skies arc slowly but surely clear
evident everywhere, and whero at
tendency toward pessimism there are
Is for a much greater domestic con-
those conferring on it will have to consult
forward tentative plans, thereby assuring
since the negotiations began, there Is a
thojeommon stock. The large earnings
operations and higher priced steel de
statement showed that the trade bal
ended September 18 were tho largest
been exceeded twice before since the
Earnings Showing Up Well
Baltimore and Ohio Railroad for the
It showed a continuation of the improve
month of the company's new fiscal year.
Last close. High. tow.
Max Motors 1st nf.
Max Motors 2d pf. ...
May Dept Stores
May Dept Stores pf. .
Mexican Petroleum pf
Minn & St Louis
M St PASS M
Mo Kan & Texas
Mo Kan & Texas pf..
120H 122H 121H 121H
. 27H 27H 27H 27H
OH OH 6H 6H
16H 15 14H 14H
m 3H an aw
Missouri Pacific.. ..
MonUna Power 57H 58 57H 68
National Biscuit of.... 122K 12 124 124
I Nat CloaV & Suit..... 82H 84 83H 84
rtai A.namei a o z o?a oi yoVs
Nat Lead 65! GOM 6514 fi.lH
un Lead pr......
Nevada Con Coo. .
110H HOT, HOH 110H
I4H 14H 1 I4H
New York Air Drake.. 147K 103
New York Central .... 04H 04H
N V NH AH 68 67H
NYOAW 28 JO
Norf 4 Western Ill 111
Northern Pacific 108H 100
Penn n Jt .'..
Philadelphia Co. .. .
Pittsburg Coal pf..
Pittsburgh Stool pf.
Pressed Steel Car. .
Ry Steel Sp'g
Itay Con Copper..
Reading 2d pf
.... 321f 32i
....10UH 109U 109V, 109U
....nan wm 117 wm
.... 805. B7 80 86
.... MH MO 33M Wi
....103 104H 03H 103H
... 01 91 01 01
.... 02V. C3H 02 62K
...,100 160H XOOM 16QH
....40 40X 39)4 39H
.... 2U( 22 22 22
,...1S1H 151 160K mii
.... 82 84 81 84
.... 46U 4M. 43 45
Itep Iron & steel.
Rep Iron & Steel pf,
.100V4 100V 100U IOOH
Rumely M. Co 6V4 Ml 454 4)1
RumelyM. Copf o 8H 7H 7H
8tL48F2dpf 5). fi!( BH 6M
St LouliBoutnFest.... 11 12 12 12
Bt. U Boutn west pr...., 30 31 31 33
Bt raut Mlnn& Mtal. .. 65. 65 65
bear Roe & Cow 165 156H 165Vi 16&V.
Bears Roe & Co pf....l24H 124X 124). 124)(
Bloss-Bnef 8&I Co... 655i 64 6254 62W
Eoothero PkUIo 00 00). 89). 00
Southern Ity 10), 10V, 10U Wi
Southern Hypf 60)( 62V, 61)4 61V
Standard M Ullni 05V4 68 65 80
Standard Miniaipf.... 70 Tilt 76)4 77)4
Studebaker Co 140 144). 139V4 140
Studebaker Co pf 105 109)1 100H 109)1
Tenu Copper 65H 60 65). MVi
Teisj Co 164 163). 162). 163)4
Texas & Pacific llX.llW "H UH
Third Avenue 69. 6U)S tbi WJH
Union Bag t. Paper... 6M 7 OH Of
Union Pacific 130H 131 130). 130).
UBIruUlcoaol 8d 87)f 844 85
UBCaitlP&F 22W 22)i 21X 21)
United Rytlarest 23), 23)4 23 2W
UnltM Ryi Jnreit pf . 39 89 3B1 38'f
U B Robber..,., 63V 64)1 63V4 63)4
U 8 Robber lit pf. . .105 105V1 105)4 105)4
UBBteel 70), 76)1 75)1 76
UBBteelpf U3H W 113X U3H
Ualted Cutar Ufa 63 62)1 M) 60
UUB Copper WH 6611 Mi mi
Va-Cro CUai ........ 30 9Hi 38 2B4
Va-Cara Com pf 107)4 109 107)1 100
WeH. favoKip .109 100)1 10SU lOcHl
YlttiHxU ...llHll 12311 117)1 12Vi
WsttiacbottM lat p(... 134 137 137 137
UteraMK7l4ad -MM. 'M 28)4 'MM
WUraUatoaTl..M 76 76)1 76H 76H
WkaalALakaKfte.... IM 2U IM Hi
Wbeel &LK34 pf... 2 24 )' 2
WUlyi Overland.. ,,,,.21Q 298 212 217
WUlyi OTerland pf-...107), 10e4 WH 10M,
WWconiln Central 33 33 32 32
5rVuolorUK W C0...106 10V 1WV1 IWt
Csr.ts par sr.
Quotad eg dlV44.
Tal natM. B41.7f . epawl
9U.tm aJtasM yiMeriir. tor W
l.tm,m ateHMi taaf lawatat taflt
New York Bond Sales
Illlth. Low. Cose.
ftVi 7BH 7514
lino VA 100
.10(1 108 10J
. 87 "7 S7X
.IO2S 102 J02
. M 03 W.,
. 81H 81H H
$4000 Adams Ktpresa 4a.
zwjo Amer Atrr lit
BOO Amer Smelt Beo C
Sooo'Amer Tel elt 4s . . .
27SOO Amer Tel cvt tta ,.
3000 Armour Co 4Us. . .
.SOiiO Atchison adj 4s
04ROO Atchison cv 4s 10.1V ,
6000 Atchison cv 4i ltHW. .,
40(iO Atchison ct t 101T .,
4000 AtUn Co Mni lt 4i.,
WO Allan Co Um ell 4a.,
8000 Halt A Ohio 3Hs . .
7000 Ball ft Ohio 4a,.... ,
84300 Halt A Ohio ct 4Vts. .
TOO0 HAO P LBW 4a. ,
35000 I1lh 8teel 1st Re
17000 Math 81ml rfd 6a... ,
2000 Ilrook lip Tr Oa 'IS..,
4000 llroolc Un Kir lat 6a.
4000 Cent leather lat 0a. . ,
TeOOO Cant To lat 4a
1000 Cent It 11 N J fta , .
wiO Chill Cop 7a
ISttJO chea ft Ohio cv 4Uia.
MHSJ llo 4,a ,. .,
11UOO Chi nt West 4a
4( Chi 11 & Joint 4a...
10U) do deb ra
luou do son 4a . .
4CuO Chi Ml) A St P ten 4a
1DP0O do cp 6a... .... .
MA do cv ss. ... ,,. W
1000 do Ren 4Vi .. BIN
1000 Chinese rcta 6a 104$
(KIOO TIv Mh Una lUi. 7flt
1K00O Col Industrial 6a.. .. 78
10OO Col A South ret 4 Via. . 70
1H00 corn Prod 6 1101.... 100V,
.TO0O Cumberland Tel Ca.... 07
BOOK Del A Hud 4a 44V4
WHO do rfd 4a 01
8000 Don A nio Or 4.1, 73i
40UO Dla Occur Corn 6a. . 04$
Bono I Pont Powder 4'ie, 102,
TiOOO do 4a Ber D 71
v.000 do re 4a 8H
300 a run Tlay ea. ... ..101
13G00 Gen Ideo deb 6a. .... 101
2000 Hud Man Ino 6 2fl'4
6000 Hock Val lat 4Vi. .. 87t
nono III steel dab 4Ua H(
1000 Iowa Central 4a 40(j
1000 Inan cv ret frt
4000 lnterh Met 4V4i
ITOOt) Interb It T ref 6a. .
23JOOO Inter Mer Mar 4Yis.
lOuOO lnterni Paper cvt a.
22000 Jap new g a 4i...
1000 do let 4H.. .... ..
MXO K C Ft 8 & M 4a...
2000 Kan City So 6a. ...
10000 Kings Co Elev 4a ..
1000 Lacka Steel 6s 1023.
76000 do 3s 11130. .
1000 Lk Sh dob 4a 1028..
OKM do deb 4a 1031
1300 Llg A M T 6a
zooo Lrlliard r,
(1000 Louis A Naah 4a
1O00O Manhattan ata 4a....,
6000 Mo Kan A T lat 4s.. 74
3000 do 2d 4a 62
6000 do n 4V 62
inro do 4a 7IH4
6000 Mo Pao 4a.. 31
1000 ida cv 6s 3-1
30OO -ioloCl.M 1017. .. 70J4
2CO0 do s lj 0.1
1000 NaftTflbo fla U8
soon N Y Canal 4a 1001... 101
IKIOOO N Y C A ll ret 0i..UH'4
14000 'do 4U HVjl
1000 do 4a 8.1
7000 N Y City 4 1U57 DS
40CO dO 4H 1IMH.. ..
33000 do 4s won......
2000 do 4a May '67.
11000 do 4a Nov '67..
3000 N Y a H A P 4a.
1000 N Y N 11 A II Oa..
10000 N Y Tel Ken 4Hs.
. . 04
1000 Korf & Wat cit 4iis.
4UU(Kf QO CV IS. ... . ....
3000 N'oif A Weat Olv 4a.
1.T0OO North Pac prior 4s, .
80000 do pen .Is
lluoo Ore Short t. 4 .
1000 Ore Ily A N 4
12000 Pteino Tel 6a
. . 01
11000 renna gen ct 4H...
ioou ao en 48
1000 People's Oaa 6a....
4000 Tubllc Serv N J 5s..
MOO Rny Con Copper fls,.
l.-ooo li'aainR Ren 4.
2000 Iteadlnc-Jer Cen 4s...
WOO neputi Cuba 1004. ..
1000 Itep Ir A S 5s
ft 100 nock Island 4a
14000 do rfd 4a
lOOCO do Ra
1000 St L. I M A So 4
3000 St l. A S F rfd 4s. .
4000 Seaboard A L, ad 5s.
1000 South Pell 6s
101000 Rrmlh Pac cv 4a....
R2P00 do cv ret t p os ltui iii
41000 do rfd 4a 4S
12000 South Pac Term 6a... 7H
fOOO South Itwy Ben 4a, 01
3000 do con 6 07
3000 Texas Co cv 6a 102(4
10000 Third Ave 4a.. . 0
18000 do ad) 6s TO
2000 Tol l'eo & w 4S...
1000 U S Rubber 6a, . ,
R0000 V S Steel 6s
21000 Union Pac 1st 4s. ..
BOOO do cv 4s
3000 Un Rwys B F 4s..,
BOOH Va fls Drown Bros.,
3000 Va I C A C 1st 5a.,
IHn U'lhaih Int 3s
limon IVah Finn et ata 4s.... IS
64000 do 4a 20
31000 Wab-P Ter 1st ct 4s..
1000 West Md 1st 4s 70
420000 W E A M cv 6s w 1..122
10000 West Shore 4s f8(4
2000 West Union 6 OW
1000 Wlscon Cent gen 4s... 8214
Total sales, X.1.766.0CO, compared with M.110,
OCO yeatetday: thus far this week, fG.605,OOO;
same period UBt week. $4.873.000.
NEW YORK COFFEE MARKET
NEW YOIIK, Sept. 21. The market for coffee
futures waa steady at tho opening today.
Price changes wero narrow, A better feeling
prevailed in tho afternoon, and dealings were
on a larger scale. The close found prlcea
a tn 1o! mints above vesterdav'a final auota
tlons. Sales for the day amounted to 10,750
"era. . ,
0.24 8 6.29
NEW YORK CURB
Drltlsh-Amerlean Tobacco old.
RrltlBh-Amerlcan Tobacco new
Ktno't Coprer ,
Lehigh Valley Coal Bales
Otla Elevator pref
Tobacco Products ....
tT.tU:A rirar Storea..,
United Cigar Stores pref,
United Profit new
MINING STOCK QUOTATIONS
MnrlhArn Btatf ...
rfa.Anah tr-wtsnnlAti .............. 2't.
Tonopah Merger 84
Jllue Bu'l .,
, 14 15
, SK 4il
, 7 75a
, Tt U-S.
, 91 01,
, Ri R.
.'. '.'. 254 2
., 50 AO
DJaroondOild U II ...
.......... . .45
Uoinnaia l uiiuiiu.,u
Band Ken ....,.
Valrv Atteo ..................... .01
Klmberlr ,,,,,....,., .01
Nevada Jtlll ..................... .it
Nevada Wonder 1.83
KANBAS C1T1T SOUTHEnN.
August gto.S 880T.40T 8T8,238
Nst ....... .28f,241 19.2HJ
Two months' cross....,, l,K!8,7es 192.116
Net 009,003 '8.004
MINNEAPOLIS AND BT. hOVlB.
2d weak 8ept..., 82TV.950 10.07s
Krom July I.. 2,13,M 6K.0M
RAND THUNK BTBTBM. ,.
ek BeptemUr. l,O4.80 32.181
1 ll,iM0,tl 6t2.1Ut
from July 1
BAUTIMOHK AND OHIO,
August gross .- 0.8M,6T M15.481
v., a.ae4.B07 ux
Two months' cross 18.016,8
Nt ". tu. . 8,471.
LIVE STOCK QUOTATIONS
CHICAOO, pt. ILi-HOaeRecelpts, 14,600
had ieJt'aa4y. aartng.. li
i, fiy . f
i, ei.sw.'vi pw akmt.mm v'fuaii.vdi
kt kaad: saat4ueT weak.
Sterling. Opt. High. Close. Close.
Detnaixl . 4.11V4 4.71H M W
Cables .... 4.7t 4.7X 4.7IH 4.1 Hi
Demand ..880 fl.M S.S0 S
Cables .... S.7B S.19 8.70 S.7S
Demand .. fttt 8.VU Ji H
Cables .... 8S 8$1 8S 8S",
VISIBLE SUPPLY UP
Threshing Operations Active in
Spring Belt Large Receipts
CHtrAQO, Sept. 11 Wheat w8 Irreg
ular today. At tho outset September wis
oft M, while December and May were up
U and t cents receptively. The move
ment! of prices were mixed after the
stnrt, but n firmer feeling developed gen
erally on- covering, nnd the market ad
vanced nbove liiat night's close, Septem
ber showing the most strength on exten
sive covering, due to a ruling that wheat
being brought here from the Northwest
cannot be delivered without clearing.
H was thought In some quarters that
there Is still n short Interest In that
month. The list, however, again worked
off, but on the whole there appeared to
be a good absorbing demand and there
was some suspicion that quiet buying
waa taking place.
The visible supply In the United States
and Canada Is 13,739,000 bushels, an In
crease of 6,000,000 bushels for the week,
and cdmpnres with 70,i..,O00 bushels last
year; In Europe It Is 85,935,000 bushels, a
gain of 4,950,000 for tho week and com
pares with 1,617,000 bushels last year.
Threshing operations In the spring
wheat belt are active and large receipts
are expected. There were reports of a
good demand for the cash article and
also of purchasing of futures for foreign
account. Grading of winter continues
Generally nn heavy foreign business
was looked for because of Canada's big
surplus, which Is getting tho preference
In Great Urltntn because It Is cheaper
than American grades.
The receipts at Minneapolis and Duluth
today were 1011 cars, against 1025 cars last
year; at Winnipeg, 99S cars, against 1273
cars; at Chicago, 407 cars, against 808
Good support was furnished to the mar
ket at Liverpool. Spot there was irregu
lar. Vt pence lower to 1 pence higher, but
cargoes were strong, with Indians at 7H,
winters 6 penco and Mnnltobas ib pence,
while Platoi were unaltered. A general
Improvement in tht demand for new spot
Advices from Argentina report the
weather there as still unfavorable, and
"Tnoisture is badly needed. Tho outlook
in Australia continues brilliant, and the
dry districts of India have had a good
wetting. Greece will be forced to Im
port on a heavy scale because of poor
yields, and so will France. Spain wilt
be a limited importer.
Corn was a little easier notwithstanding
light frost over a large part of the belt.
Tho receipts here today were 431 cars.
The mnrket at Liverpool also was softer
because of a decline in Argentine freight
rates and free Plate offers.
Oats were quiet. The receipts here to
day were 343 cars.
Leading futurea ranged aa follows:
May , .
Open. High. Low. Close, closo.
1 01 1.0454 1.01 1.0114 1.01 u
aiJA 0454 92 tK t114
11754 97 90 tOOi; 9T
71 72 70U t71S 7I4
tlrtji 87 B6V4 WlJ
5754 88 87 f57 188
87 8754 74 37 8754
30 36 3354 3n SO
88 3854 37.V4 37 SS
7.90 8 03 7.87 8.05 7.81
S.37 8.50 8 82 8.80 8.32
7.80 7.92 T.72 7.90 7.72
. 6.20 8.33 8 17 t8 86 S.U
12.17 12 37 12.12 12.87 12.03
14.70 14.93 14 0714 05 14.63
Ufly ., . .
September October . .
January . .
September October . .
The Bank of England today shipped
170,000 In sovereigns to the United States
and earmarked 200,000 for Egypt.
The New York Cotton Exchange mem
bership of I Clero has been sold to 8.
T. Hubbard, Jr., for another, at 113,000.
Previous sale waa for J12.900.
C. D. Barney 4fc Co. were heavy traders
In Cambria Steel. Moyer & Co. bought
George B. Burton was elected a director
of the American Agricultural Chemical
Company, succeeding Ross L. Coe, re
signed. At the regular meeting of the Philadel
phia Stock Exchange Governorsy.held late
yesterday afternoon, the transfer of a
seat to P. E. Woll was posted for action
ut the next meeting, October 4.
The New York banks transferred 8500,-
000 to New Orleans.
The Public Service Commission has
fixed Frlde.y at noon for a conference
with counsel for the complainants and
the respondents In the case of Jlorrls L.
Cooke and others against the rates and
service of the Philadelphia Electric Com
pany. Ilumor had it that England was
negotiating for some big ship contracts
with the Cramp Company.
Arthur E. Newbold, of Drexel & Co.,
has returned from his vacation.
The production of oil In California fields
In August totaled 247,644 barrels dally, a
rate slightly changed from that of the
preceedlng month. Dally shipments were
255,034 barrels, also about the same pa In
June and July.
Control of the Denver and Bait Lake
Railroad, known as the Moflatt road, has
passed from Newman Erb and his asso
ciates to a Denver syndicate headed by
Lawrence C. Phlpps. The road will be
extended to Salt LaJkeClty.
The average price of active Industrial
stocks In Wall street made a new top at
the opening this morning, crossing 108.
The last low point waa made July 30, 191s,
The New York banks lost 85K.O0O to
the Subtreasury yesterday and gained
5O71,O09 since last Friday. .
Tho Lima Locomotive Company has
taken an order for three Mikado locomo
tives from the Ann Arbor Railroad.
NEW HIGH FOR COTTON
uietv YORK. Bent. 2LThere was consider
able excitement on ttw Cotton Kich.nga at
tha opening this morning and the market waa
strong, with prlcea 11 to ST points higher.
Buying was on a heavy scale. The cable
from Liverpool were tatter than had beta
lVteted and the weather conditions were lM
lavoreblo. Further Flns were noted In
altemoon session, -rue inarkoi nnaii
. with futures up 25 to 84 Doin
m ...,.. m...iz viv.vu
al v c oi
.i Jmm v.Nt.rdav. hDOt crossed 11 cents.
nsw high record, In the final hour and ended at
11.25, a full gain of 40 points above yester-
ays ef"fc cl0,e vn. ,, h, ,w, aott
.. .! 11. W
July . .Vis
To Sell New Jersey Ste4 Plant
Tha lands, bultailncs and parMsval property of
the New Jersey el Ceaaenw at JUhway,
will ts oaswed for aU o IsytajaHiar S at la
pinL by William J.Tsaca4Wsr.ser, ky wter
ft Cewt oi Csacrr.
Sales in Philadelphia
Tes. close. High. Low. Clot.
11 Alliance Ina... 17
18 18 18
U 438. 44t
102H 102V4 102H
7!s 72V. 78H
67H 87S 7H
81 M M
Tfi 71 72
S2; 81H 824
8H SH, MH
45 45 45
65 CIS 04
84 M',4 54
4H 41 4!
71 71 71
81 81 11
7.1K 72H 72V
311.1, 31 31
23U 23i 2-l'A
IIV4 14H Ui
8W Bi 7tt
75H 75, 781
-.'I, 72?4 72!,
18 17?4 17
HUH 351 rftt
M'.i t2'4 W4
IPS', 108'J, 108!4
54",, 54 J4"is
4354 43H H
4.1 42 42
25 24 2IU
10 1054 lov
11 10 )0!4
78 78 78
78V, 78H 75U
39 8H 8
8H B SH"
87 37H 8TV4
88 83U 85M
222 222 222
7B't 75H 75
48 48 48
cos oovi OOH
t. compared with
is far this week,
22S Alltl-Chslm ... 48
S Am Oa 102U
20 Am Car & Fdy. . .
10 Am Loco
300 Am Smelt 84
80S Anaconda Mln,. ..
S170 Ilaldwln Loco... Kt
100 lUlto & Ohio
8 3, 0. Drill 48
20MT Cam Steel ..... 64V
MO Col Fuel 8
100 Cent Leather
10 Con Trao N J,. 70
n Catawlssa 1st pf 81
495 i:iec Btor ..... 74
200 Ella SlU
28 Ins Co N Am .23
Key Tel Co ll'l
70.1 Lake Sup Corp IIU
IS Lehigh Nav ... 7J'4
10 Lehigh Val ... J.I
305 Leh Val Tr.... lJi
780 do pref S8H
8 Little Schuylkill IWH
100 North Pacific ....
279 Pcnnaylranla ..B4'
10 Phlla Co 44
400 do cum pref.. 4SVi
817 Phlla Electric. S3,
60 P R T io;
2200 do tr ctfa .... 10H
10 Phlla Traction.. 7SVi
88 heading ,, 75VI
178 Ton Delmont ,. 8
1020 Ton Mining .... tlVi
100 Union Traction. 87
858 U O I B3Vi
23 Un Coa N J
4C0S U 8 Steel 704
2 W J S 8.... 49',4
120 West Eleo
Totsl sales. 40.202 shares.
5M77 snares yesterday; thus
iv, w snsres.
sale. High. Low. Close.
81 Cam 8t p '10.10014 10OV4 10054 10054
1000 City 4s 1048. ..101H 101K 101H 101
2000 Oen Aap deb 8s. 100 OOH 0854 TO',
1000 Key Tel 1st 8. 0154 9454 9454 0154
1000 Leh N cons 454s 00 '4 90 99 09
12000 Tenna gen 454a. 8711 0754 0754 97(
8000 Penna cons 454a.l024 102H I02S 102
2000 TteaJIng gen 4s. 92 01H OIK 91
Total salea. 828.011. compared with 833,285
yesterday; thus far this week, $01,298.
Local Bid and Asked
82S 82 .
llufT & Bus t C
Cam Steel ,
Co t c
Lake Superior Corp.
Lehigh Valley Tr ..
10 100'i 100
ao prvi ....,
Phlla Eleo .....
do 5 per cent.
do 0 per cent.
1'mia n I luft
do t c 10
Tonopah Belmont 3
Tonopah Mlnlns KU
II laa Imp R3U
U B Steel 7ft
York Rwy 7
do pref 81
Wm Cramp t c 89
LONDON STOCK MARKET
Traders Awaited Presentation
LONDON, Sept. 21. An Irregular tone
nrevailed on the stock markets today.
with trading sluggish. Caution was exer
cised, pending the presentation of tha
budget statement by cnanceiior ot the
Exchequer McKenna. Investment busi
ness was at the minimum. Price changes
In the war loans were narrow and mixed.
The Bank of England announced an
offering of 3,500,000 Indian Government
bills. Home railway shares were flat,
owing to the uncertainty as to the out
come of the conference on wages between
the companies and representatives of the
Alterations In the American group were
fractional and confused. There was sell
ing of Canadian Pacific which displayed
weakness. Grand Trunks and Argentine
rails were dull. Russians were heavy.
Mlnlne Issues showed firmness in spots,
and rubber eharea Improved.
Colorado Fuel's Year
The annual report of the Colorado Fuel
and Iron Company shows total earnings
of tl6,758,M0, against 817,803,026 In 1914
Total Income was 12,261.101, compared with
$1,651,247 last year. Tne deticit was re
duced from $905,698, In 1914, to 8334.662.
The report says: "Tho reduction In
sales waa due to a curtailment in the con
sumption of coal In all of that territory
supplied from Colorado, and to lighter
nurchases of stock by railroads. There
is little promise of Improvement In buying
by railroads during the current fiscal
year, and we do not anticipate a volume
of rail business that will keep tho rail
mill operating to more than 50 per cent,
of its capacity."
Bank clearings today compared with corre-
.H..inv Aav last two vears:
"""' ' '1915. 1014.
Philadelphia 828.T3S.3TT 820.042.603
Boston . .. 21458,802 1T.BS4.44T
New York... 4O4.54U.T02 1T0.883.TU3
St. Louis... 13,103,128 10.14l.UT2
Chicago .... 81,750.460 4T.O78.10O
RATES FOR MONEY
New York 1V462
Commercial paper, three to six months,
adtlpMa, 804 per cent.
Reserre Banks' Discount Rates
10 or Over 10 Over SO OvsrOO Cher
less, up to ao. up to w. up to w. vu.
New Yoik .. 3
Cleveland ... oH
Bt. Louis..., 8
Kansas City. .
U41WB ...... J, J -.f i.
Ban Fran.... 8 8H ri 5
Notes maturing In not more than U0 daya
aocured by cotton or other staples, warehoused
and Insured, or In course ot ahlpment, are dla.
countable at tha special rate ot per cent,
NEW YORK BUTTER AND EGGS
NEW YOnK, Sept. 21. nUTTBR-Market
strong. . . Hsceipu
itrong. Ilacalpts. 81,817 Mckgge
7c higher scoring. 2Te2Wo.. 81
Avici Imitation creamery, 22Uf23c,
KOOB Market steady to nrm
jjS'j""vjrrj: .r.-'.. . n.i.i.
13.SS8 Dackages. Extra firsts, 28tf20o., regular
VJillH M1TH1 ...B'.IJ .W ..... ,l.StlMi
packed; nrU. SOS400.J nearby wnitea, za
27Wo". regular packed, mlxedcolor, 21025c ,
gathered: refrigerator firsts, 2(jS31c; nearby
Western Electric Company, regular quarter
ly 13. payable September SO to stock of record
Kansas City Southern, regular quarterly .J
per cent, on preferred, payable October 15
!o stock ot record September M.
E. W. BUaa Company, regular quarterly 2
per cent, on preferred and 1W per cent, regular
and 1H per cent, extra en common, payable
nc totr 1 to atocIC of record Bcptember 22. .
Ktpublle Rubber Company, regular quarterly
Its per cent, on common and preferred, both
payable October 1 to atock pf record Bep-
UWeeTmorelnd Coal Company, regular semi
annual 8L7J 3V4 par cent.), payable October 1
to atock jt record at p. .PJ- today.
New England Telopbone and Telegraph Com.
uany, regular quarterly W.TS, payable Bepi
araber M to slock ot record tseptasaber 22,
O-lUetta Hafatv Kasor Company, regxalaf.auar
terlr Mi P NM. on pre! erred M4 Hi par
VZii. m msasaon. both payable OctsW
and T Pr cant. M .coaaaaoa. Paris
U t 1 1 let I anjnissasr .
BANK HOLDINGS OF SECURITIES
AT HIGHEST POINT ON RECORD
Unusual for This Time of the Year Another Shr
Decline in Lake Superior Shares Erratic
Movement in Cambria Steel
The attention of the local banking com
munity continued tb be concentrated upon
Ihe negotiations pertaining to the pro
posed allied war loan, especially as to
tho controversy over whether ws mu
nitions should be Included In the various
supplies to be purchased through the
suggested arrangement. Hankers here
were Inclined to the belief that in any
eve,nt the Federal reserve Institutions
would probably not directly participate
In the plan, which Is likely to be engi
neered by private banks, thus keeping
the Government ofllclnllv out of the nego
tiations a far as possible.
Nevertheless, throughout the year there
has been a disposition on the part of the
national banks on account of the lim
ited borro"- - demand for money and
the targe accumulated reserves to add to
their Investments In short term notes,
bonds and other securities The report of
the national banks of this city to the
Comptroller of the Currency shows that
tho item "bonds, securities, etc.," totaled
800,905,175. as of September 2, 1915, whereas
on September 12. 1914, It stood at only
127.360.802. The latest figures are prob
ahly the largest ever reported. It Is not
only noteworthy that bank security In
vestments aro nt high figures, but also
that this should be the rase at a season
of the year when the autumnal demand.
xor commercial ami uiujf-iiivvin g.w..
Is unusually pressing.
The encouraging showing made by tha
L,ehlgh Valle? Transit and Philadelphia
and Western Railway Companies in their
August reports would appear to indicate
a definite turn for the better In traotlon
earnings. The revival In business and the
regulation of Jitney competition coming
at about tho same time are doubtless ro-
GRAIN AND FLOUR
WHEAT. neceipts, 78,023 bushels. The
market opened 1c. higher, but rubsequently
lost the advance. Trade was talr. yuota-
not And Rrntember Sl.081tl.10: No. 2.. red J
Western. 81.141.10; No. 2 Southern red. 81.0U
1.08: steamer No. 2 red, 81.0861.07: No. J
red. Il.05itl.0T: tejected A. l.O2i,SL04; re
jected 11, 81.0101.03.
CORN. Receipts. 0130 bush. Demand was
light and there was no change In prices. Quo
tations: Car lots for local trade, aa to location
No. 2 yellow, 83i8flo.: steamer yellow, 81SJ
SOe.; No. 3 yellow, 82VH3C. , . ..
OATS Receipts. 109.343 bush. Trade wss
nutet, but prlcea ruled sttady. Quotations. P.O.
a white. 40341c: No. 4 white. 865iS3854c;
sample oats. 82M83C. M. ,n
noun rtM-rinta. 1023 bbls. and 098,210
lbs.. In aacka. Demand waa light and jalues
were largely nominal. Quotations per 100 lhs.,
in viood-Wlnter clear, new. 84.OOB4.90i Ao.,
straight, new. 81.8085.10: do., patent, new.
JJ.los3.40; Kansas, clear, new. juto sacke.
84 00S5.10; do., straight, new. Jute sacks. -
K50; do., patent, new. Jute $" X?-',?1
3.75: spring, flrat clear, new. 84.5N.90; do.,
straight, new. 84.80(80.10: do., patent new.
83.10S5 30: do., do., old, 8(1.3308.60: do., fa-
vnrlln hranrt. nld. gO.8567 10: City mllla.
choice and fancy patent, $8.8oi7.10: city mllie.
regular grades inter.
clear, new. Jl.TOWo,
do., atralght, new,
$3a5.25; do., patent, new,
nvw 'T'ottlJ baI .Invtv an ahOWed little
Jv- -rT"" dw.m ",' t1 mm rt
We quote at 850 50 per
uui., - w
little trading, but
.. ..... w-,.. D..nin. dm h. nuolntions;
City beer. In sets, smoked and air-dried. ;juw
25c; Western beef. In sets, smoked, 240-0'.
city beef, knuckles and tenders, smoked and
alr-drled, 28S27c.: Western beef, knuckles and
tenders, smoked. 20B2TC.; beef hams, 828330,
pork, family, 521321.50: hams, B. ,, cured,
loose, 11H012C.; do., skinned, loose. 1H4S1-C..
do., do., smoked. 18B13c: other hams,
smokod, city cured, as to brand and average.
18tri4c.: hams, smoked, Western cured. Ufl
14c: do., boiled, boneless, 21622c: plcnlo
shoulders, S. P.. cured, loose. 0H9c.; do.,
smoked. 9V4S0c; bellies, In pickle, according
-..... i.m. v0T)i.i. . hrAKrfl.t Dacon.
nn to brand nnd average, city cured. 1JW
IOCS breakfast bacon. Western cured, WWW
JUc: lard. Western, refined, tierces. 8?oc,
do., do., do., tubs, 89c: lard, pure city,
kettle rendered. In tierces, 8GIc: lard, pure
city, kettle rendered. In tuba, beOc
The market ruled firm, but there waa little
trading. Wo quote reflnera' Hat prlcea: Btatia
ard granulated. 8.85c: extra Hne granu ated.
5.30c ; pondered. 5.40c; confectioners A,
8.20c; soft grades, 4.45S.05c
DUTTER. The market ruled firm under mod
erate offerlnga and a fair demand. Quotations:
Western nolld.packed creamery, fancy specials.
28c; extras. 20c; extra firsts. 2314c; firsts, 1
23c: seconds. 23823H.: nearby prints, fancy.
200.; do., average extras, 2728c: do., flrata.
2328c; do., seconds, 2324c; jobbing aalea ot
fancy prima. 33if3uc. .
KOGS. Fine new-laid egga were In good re
uuent and firm, with suppllea well under con
trol. We auote as follows: Free cases, nearby
extras, 80c. per doa.; firsts. 87.W88.10 per
standard case; nearby current receipts. 3T.20
7.60 rer case: Western extra firsts. J8JOB8.40
per ecse: firsts. 87.60S7.K0 per case; fancy
iBlected candled tgga wer. jobbing at 820810.
PCHEKSE was In fair request and steady
under moderate offerings. Quotations follow:
New York, full cream, fancy, new, lOllwlattc
specials, higher; do., do. fair to good, new,
14H15c; part skims, 0312c
I.1VE. Receipts of desirable stock were light
and the market for fowls and, chickens ruled
n.m mnA hi.h.r under a eood demand in anti
cipation of Jewish holiday requirements. Quo
tatlons; Fowls, as to efje and quality. 109
lTUeVi rboaterX 11612c: aprlng chickens, ac-
lTttc! rooateriv licixc
cording to quality. lORlTUc.; exceptional lots
higher; ducks, Pekln. oia
n. .-.- m.A iOCTiTI At.
.J.e lVaioc.: Dlgeons. old.' per pair. U02Oc;
do., young, per pair, 17trlec.
DriESSBD There waa a fair demand for de
slrable atock and the """t1" nr,mu5j!'r
moderate offerlnga. Following are the quo
tctlona: Fresh-killed poultry, fowla. 12 to box.
dry.plcked and dry-packed, fancy, aelected,
10?.: weighing 4HB5 (bs. apiece, isyk.; weigh
lng 3tte Ihs. apiece. lTMc: weighing 3 As.
anlece? lOOlTc; under 3 lbs. apiece. 14HO
S,i Ice.packed-Western. 4H lbs. and over
anlece. 18e.; do., smaller slses. 1581TJ ! old
roosters, dry-picked, 13c: broiling chickens.
Jersey fancy. 243i6c.l other nearby fancy.
22i(21c.: fancy large yellow. Northern Illinois
rhlrkVni weighing 3H lbs. and over apiece,
B2UM'ao do. welgSlng 2J4JM lbs.. 18hc:
other Western. w'VDI ,5jL.,b,K. ,nAr'ii2rt
180.1 do., do., weighing 2tt3 lbs, 17 18c;
Western broilers, weighing U42 lbs. aplaoe.
10020c; Inferior, lowiec; spring oucks. near
by" l691Tc: do.. Western, J0012CJ aquaba,
white, weighing IWl- lbs. per dos.. 344.T;
white weighing 0610 lbs. per dot., fUBJK?!
white weighing 8 lbs. per dOJ.. J2.3M12.73;
do. V lbs. per dot.. I2.10fc2.35: do . etjoyj lbs.
w' dog.. ll.60Jfl.75; dark. 1.50ttl.T5; small
and No. 2. 81.
Choice stock met with fair sale and prlcea
generally ruled steady. Quotations: Apples,
per bbl i-Crab. 81ft4; lllush, 2 25rS; Oraven;
steln. 82.2Mf2.TV; Wealthy. .2i5f2.T5; Orlmes1
Golden. I2M2B0' Summer Rambo, 82&2.00;
Plnrln? I22.50; Bmokehouss. 82p2 M; Duchess,
l"f5tML other wrletlaa. ll.BOtti; No. i
apples. 81fl1.50; crab apples, per "hush, 25
pic; peaches. Virginia. West, Virginia. West
ern Maryland and Pennsylvania. Elbertas, per
Sate. fi;"tr do Vlritnta. west Virginia.
Western Maryland and Pennsylvania. Elbertas.
per basket, R5(310c; do.. Delaware and Mary,
land, Elbertas, per carrier, 6oa60o,t do..
For Holder of
Owing to large advances In -many
preferred stocks while
others have lain dormant the
market presents some excel
lent opportunities to secure
accrued profits and increase
income return. We have
prepared a letter on this sub
ject which will be sent ca
Lttter No. t$9 ,
nKMM Ts MftlHlsri VJlf HML
MOHRIS WI8TAR TR4OS, if,
M fJHJMVNtTT SrS
j PHILADELPHIA MARKETS
sponsible and the Street hopes for
steady Improvement In the earnings of
the local city llnea as well from now on
All the traction stocks were strotiet to
day, Lehigh Valley Transit preferreXi
moved up a dollar.
Just before the close demand deveka
for Itapld Transit which lifted It t It.
over 1000 shares changing hands at that
Early on "Change, Lake Superior w
the outstanding feature of the tra41j.
Hcavy offerings of the stock made Owtr
appearance at the outset, and the aju
tatlon fell rapidly from above 9 to below
6, but met support later and recovered a
part of the loss. Talk of drastic reori
ganlzatlon accompanied the declln.
Cambria Steel was also active and
countered considerable profit-taking. Elec
tric Storage Mattery was quoted ex-dlvl-dent
except for the cash, and the usual
distribution was declared on Westmore
In the late dealings Cambria Steel,
which had fallen to 63. rallied sharptr.
After a block of COOO shares had chanted
hands at 6.154 the price suddenly rose to
GS. It was said again that the company
had been selling its treasury stock la
the open market, but this waa not be
lieved by usually well-Informed Interests.
About 20.000 shares changed hands today.
It closed at 6454.
Foreign Selling of Philadelphia. O.
Quite a little Philadelphia Company
cumulative preferred changed hands to
day on the local Stock Exchange, "Sell
era 20 days flat." This was taken to In
dicate foreign selling. The quotation waa
down about a point from yesterday's
Delaware and Maryland, Elbertas. per basket.
zogrtfac, ao., jersey, ianc7 uocnu, vac
ousn. oassei. ouwuu
np baRket. ir.fiT40e.!
5W0Oc: do.. Jersey, other kinds.
oc.: ao.. (ew lora. aupertM.
ISOc. : do., Ohio, fancy, par
C0S1: do . fair to good! tp
r bbl. Bartlatt, 4J54.80;
per basket, SVtSOc:
ousn. Dssset, idc.i
tiOc: Dears. tr
Reckel, 8493.50: Common. gl.GOOS; grapea.
Dolaware, Moore's Early ana coneora. per
carrier, f.OBMc i do., Delaware, Moore's Barljr
and Concord, per 4 -lb. basket, 899C.I do.. New
York, per 4-lb basket Delaware, 1213c:
Nlagars, 10C12o.: Worden. 9910c.; lemons, per
lKx, 2f3; pineapples, psr crate Porto BIco.
81.8093; cranberries. Cape Cod, per bbl.. 8
ll: do.. Cape Cod, per crate, L7i2: plums,
Virginia. Damson, per 20-tb. basket, 40eOe.;
do.. New York, per 20-lb. basket, 20n0c; do..
Niw ork, per S-lb. basket Oradshaw and
Nlirr. imS'.'rv- nln Claude. lBeMOe.!
blackl.errlts, Delaware, Maryland and Jersey,
per quart, 426c; huckleberries, per quart, eJip
8c. t cantaloupe, Colorado, per flat crate, 81V
1.23; do., do., per standard crate, S38,24);
watermelons, per csr. 81009250.
Supplies were fairly liberal and potatoes
ruled a shade easier under a light demand.
Quotations: White potatoes, Pennsylvania, per
bush., 80050c.; do., Jersey, per basket No. 1
Rose, 80S 32c. r No. 1 other varieties, S0328o-
No. 2. 10Q15C.; sweet poutoes. Jersey, per
basket No. 1. 25SS5c; No. 2, 1520c; onions.
Ser 100.1b. bag, 81.2591.80; do., Jersey, per 4
ush. basket. S040c; mushrooms, per 4-lb.
basket. Wc.jl: celery, New York, par bunch.
15660c.; lettuce. New York, per 2-dox. crate.
81.2331.00, do. do., per 3-doi. crate. $2.
BIANY ROADS ORDER RAILS
Fully 160,000 Tons Still to Be Placed,
It Is Estimated
Rail buying for 1816 by the big rail
roads Is progressing steadily. The Sea
board Air Line has closed with the Ten
nessee Coal and Iron Company for '008
tons, the Southern Railway took BOW ton
from the Pennsylvania Steel Company,
the Lackawanna Railroad ordered 5000
tons each Trom the Pennsylvania- 8te1,.
Company and the Lackawanna Swet
Company, the latter also taking 10,0)
tons for the Russian Government. The
Clover Leaf took 3000 tons, dividing the
business with the Lackawanna, Cambria
and Carnegie Steel Companies. Since the
1st of September the total rail tonnage
placd by domestio roads aggregates llt,
100 tons, while the Alaska Railroad pur
chase of 4930 tons from the Colorado Fuel
and Iron Company and the Russian order
and small tonnages taken by the Car- V
negle Steel Company for light sections
brings the business booked so far this
month up to 153,050 tons
It Is estimated that fully 150,000 addi
tional tons will be taken by eastern
roads in the near future.
The 31th annual convention of the
American Electric Railway Association,
which will be held in Ban Francieeo,
October 4 to 8, will be of unusual Im
portance to the Industry It represents. "
The Consolidated Gas. Electric Light
and Power Company of Baltimore) Ct
ports an Increase In gross of 8388.506 for A i
the fiscal year ended June 80. Surplus -
for tho 12 months Increased 825,006.
The August earnings of the Virgin!
Railway and Power Company showed a
gross decrease of $3409. Operating; ex
penses Increased $11,256 and net earnings
decreased $14,765. The surplus was $76,
749, a decrease of $17t
The earnings of tho Twin City Unea
for the second week of September 'were
J200.S38. an Increase of $136; from July L
$6,523,235, Increase 863,824.
NEW YOnK. Bept. 21.Tha quotation for
commercial bar allver was 44, cents today,
with Mexican dollars at 8814 cants.
Thirty-two seasons have
seen the Phillies plugging
along without a pennant,
but it's a long lane that
has no turning, ihtj
year well, here's hoping
Stoney McLinn imterett-
ingly mixes history antfc
faith in "What Pha.vW-
phia Has Failed to D
and What It May Dc'
It s a good, live story Mb
Philly rooters you'll find
in Sunday s Fublw .