C
.14
tBH
rt Tf v
EVENING LEDGER-PHILADELPHIA, WEDNESDAY, SEPTEMBER 29, 1915,
RS OP DEALS STILL RAMPANT;
TTSBURGH COAL LATEST FACTOR
Ifav Be Mercred With Midvale and Baldwins War
Stocks Stimulated by Settlement of Anglo
French oan Reaction at Close
NEW YOIIIC Sept. 29.
The latent, twist to the reports of a big Independent steel merger permeat
img Wall street today Included tho TltUburgh Coal Company In the deal. It was
tmHL that tho stock holdings of the Oliver family had, within tho last few days,
Wen transferred privately to Interests which hnve been accumulating Pitts
burgh Coal common and preferred In the open market and that this was
evidence of progress In a plan to hook up the big coal concerns with the Mid
vale Steel Company. Some rather definite statements were nlso made that the
Baldwin locomotive works would be shortly merged with Midvale. It Is known
that a conference was held between William II Corey, tho new head of tho
ordnance company, and Alba B. Johnson and Incidentally Inspected tho big
Philadelphia plant. According to rumor the combination of the three concerns
will come first and later other plants, such as those of tho Cambria nnd
Lackawanna steel companies will bo Included. Pittsburgh Coal stock re
sponded with a two-point rlso to the report, but did not entirely maintain
the gain.
Once more the war stocks dominated the early dealings n Wall street today.
Aided by tho definite announcement of the conclusion of tho Anglo-French loan
arrangements and tho fact that the proceeds will be used to pay for war
munitions without discrimination sent prices skyward at tho outset. Baldwin
Locomotive was tho feature, somo 8000 shares changing hands at prices rang
ing from 135 to 140. against 128 at the closo last night. Tcnnessco Copper re
sponded to tho new acid contract and reports that tho du Pont Interests were
seeking control. On tho other hand thero was selling of United States Steel
by those who believed a merger of Independents might causo severe competition
to develop. Republic Steel was buoyant and so was Lackawanna Steel for the
same reason that depressed United States Steel, and this was also truo of
American Locomotive, control of which was rumored to have changed hands.
Crucible and Lackawanna both surpassed nil previous records.
Although heavy proflt-tnklng sales were apparent toward tho end of tho
first hour, tho consequent reaction wan slight. Over 436,000 shares changed
hands by 11 o'clock, tho biggest total of the week for that period. Gloss,
Sheffield, Goodrich, Wcstlnghouse and Air Break all moved up. Favornblo
August reports of earnings by the Erie and Northern Pacific helped sentiment.
Both roads showed good gains In gross nnd net. On the other hand tho Union
Paclflo report was something of a disappointment showing slight decreases.
The million shnre mark was crossed by 1 o'clock. Continental Can
joined tho record-mnkers of tho early afternoon, swelling up over 16 points
from yesterday's close. Bullish activity extended to the railroads in mid
afternoon. Reading nnd Union Pacific leading with gains of about two
points,
In tho lato trading proflt-tnklng caused sharp reactions, Baldwin lost all
of its gain, while Studebakcr, General Electric and others went well below last
night's closing quotations. United States Steel was heavily sold, but did
not suffer very severely from the process, evidently meeting support.
The, closing of tho loan negotiations was followed by a weak market In
London. Bonds of the last British war loan, a 4 per cent. Issue, sold thero
at 974 or close to tho price at which tho Anglo-British bonds at 6 per cent.
Issue are to be sold to the American public. II. G. S. Noble, president of tho
Stock Exchange, let it be known today that the regulations of tho Exchango
would be amended so that tho $500,000,000 Anglo-French bonds might be ad
mitted without tho customary chargo of percentage on capital and without
other restrictions such as compelling tho high contracting powers to furnish
an Income account and a balance sheet of nil assets and liabilities.
Rise in Foreign Exchange
As a result of the official announcement of the terms of tho big war loan
the foreign exchango market advanced sharply his morning. Demand Sterling
opened up to 4.71tf and later touched 4.72, while cables rose to 4.72.
On the other hand there was a sharp drop in Francs Cables from 5.85
to fi.79 with demand at 5.81, against 6.86 last night. Trading was very
erratic and official quotations difficult to obtain.
New York Stock Sales
4S)
74
03
08K
03JI
High, Ijow. Cle.
32X 32f 82M
47)i 45
70U 73
MK 02M
05M MU
AM4 ft.1
ms'f M7U 108U
8.1 801. 8
llMi 11CH HON
1&3H 152 152
GSK 62 62
D.5H 9.'M D5H
101't 1011 10W
li'.l 12M ian
COM
22
10
33
csH
09
7Jf
83M
62
23
10
OSH
72!.
100
7)4
MM
WMf
22M
10
35
69M
100
7M
SUM
Last eloae.
Alaska riold M 32
Allls-Chalmers Mff.... 455.
Allls-Chalmerj Mfg pt. 75M
Am Ac Chemical 02M
Am Heel Sugar (MM
Am Can M)i
Am Can pt 107
Am Car & Foundry... 80'
Am Car&Kdjr pf. .....118
Am Coal Ttoducta 151
Am Cotton Oil 64M
Am Cotton Oil pf 05M
AdanuBtprcu 102
Am Hide A leather.... 12K
Am Hide & I. pf 60M
Am Ice Securities 23
Am Unseed 18M
Am Linseed pf 33
Am Loromotlre........ (18
Am Locomollre pf 100
Am Malt 7
Am Smelt A Itef SSU4
Am Km A ltef pf IfSM 10SM 108M 108M
Am Smelters pf D M)M M)M ROM SOM
Am Snuff 148 150 160 160
Am bteel Foundries... . 68M 60 68 68M
Am Sucar IteflLlng... 108M 109M 108M 100M
Am Sugar ltcf pf 110 110 110 lit)
Am Tel & Tel 125M 120
Am Tobacco 220 227
Am Tob pf new 110 110
Am Woolen 62M 52
Am Woolen tr 51M L2H
Am Woolen pf 04M 05
Am Writing 1' pf 0U 10
Anarantla L'onnor 7314 73H
AtchT&SK 10JU 104h 103 104M
AtchT&HKpf 100M 101 100M 101
Atlantic Coast Line... 110 UOM U0K 110M
Baldwin Loco 128 140 127M 131H
Kaldftln Loco tit Ill 114 113 IU
Ilaltlmoro & Ohio 88 M) &3
lialttmoro & Ohio pf... 74M 74M 74M
llatopllas Mining 1M 1M 1M
llethlehem Steel 365 305 3G0
IlrooUyn KapldTr.... 84M 84H o3M
Ilruns iclc Term 5 7 6
llutto & Superior 60M 01 Mil
Cat Petroleum 10 20M 20
L'al Petroleum of 40W 40 45M
125M 125M
227 227
111) 110
COM MM
61 61
05 03
10 10
72H 72M
S8M
74M
1M
300
M
COM
20
40
American Locomotive Company Changes Hands
The Mellon Interests of Pittsburgh, headed by Andrew Mellon, who was
elected a director of the American Locomotlvo Co. about a year ngo, have
secured control of the Locomotive company and Pittsburgh interests expect
big things of tho stock in the near future. Shell orders totaling approximately
3S,000,000 aro being filled by the company, tho first shells to bo shipped on
or about October 7.
Canadian Pacific 101M 102H 161U 101M
Canada Southern 63 64 51 54
Cent Leather Co 61M 63M 61 6JM
Cent Leather Co pf... 107 108 107M 108
Chesapeake & Ohio.... 6t)M 51 HM 60M
Chlno Copper 45M 45! 45M 45H
Chicago (Jrcat West.... 13 13 13 13
Chi Ut West pf 33 34 32M 32M
Chi Mil S. St Paul 87 88 80M S0M
O M & St 1' pf 125 125M 123 123
Chi A Northwest 128M 129 128 128M
C C C & St L 30 35 35 33
Oil It I & I'ac 'Mi 22M 20M 22M
Cluott Pea & Co 05 75 75 75
Colorado I'ucl &1 .... 02M COM 01M Olji
Consolidated das 130K 131M 130 130
Continental Can OJM 111 0JK 10S
Corn Products ltef .... 19 20M 18M 19M
Cora Prod Itef pf 8CM bOM 85M 85 I
Crucible Steel lOltf 109H 10OM HWi
Crucible Steel pf lllji 111! 110M 110-i
Cuban-Am Sugar 117 110 119
Cuban-Am Sugar pf ..102Ji 102
FOREIGN EXCHANGE
Rtrrtlnr
Demand .
Cable . ,
Franr
Demand ,
Cable , , ,
Mark
Demand . .
Cable . ...
Opening. Illth.
i 4.8tV4 4.7tH
, 4.63 ."-
B.0
8.70
Si
s.
S.7B
t
8U
Clone.
4.7t
.Mi
B.Bl
8.80 Vi
84H
Ye.
CI.
4.7i
4.71H
S.H
8.83
81
NEW ASPHALT CO. DIRECTORS
E.
Horatio G. Lloyd and Charles
Ingcrsoll Elected
At a meeting of the board of the Gen
eral Asphalt Company this morning
Horatio G, Lloyd, of Drexel A Co., nnd
Charles E. Ingcrsoll were elected directors
to fill the vacancies caused by the death
of Itudulph Ellis and the resignation of
George It. B, Mnrtln. formerly resident
director In the Stnto of New Jersey.
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
DM
Jim Duller il
Mldwny 12
Mlipah Exttntlon '.'0
Montana At
Tonopnh llelmont , AH
Tonopah Hxtenftlon 24
Tonopah Merger .14
Tonopah Mlnlnr B't
tecu Kula Oil
West End 00
GOLDKIELD STOaCS.
Atlanta IS
Itlue Dull 04
I loot h U
Ilulldoir 02
COD 01
Combination Fraction 07
Dlamondneld D 11 07
DalKy .0.1
OoMHetd Cnnaolldated IS
naldneld Merger 10
Jumbo Extension ... i'i
Kewana 37
Oro 07
Pand Ken 11
Silver rick OS
MISCELLANEOUS.
Falrv Aitee .01
Arted
.M
.It
22
..71
B
e
.to
.62
JO
.05
.
.m
.rs
.00
,o
.07
1 1MB
.20
15-10
..IS
.OS
.12
00
Ktmberlv
Nevada Hill ...
Nevada Wonder
.03
.17
IK
.M
.03
III
17-19
Sales in Philadelphia
100 Am Can
SOS Aner Loco...... 68
400 Ilatdwln IxKO...m'i
227 'do pref ..1UH
2301 Drill J O MU
400 Cam Iron 45
4J2tlOCam Steel K
100 Col Fufl , 61
lnir, Elec Storage... . 1i
505 trie 33
643 nen Aephalt.... 31H
557 do rrer OBK
SOO Qoodrlch D F
ISO CIt N Or....... 4H
43 In Co N Am... 33H
100 Imp Cop.
10 Key T C I 0 pref 67
1GA.1 LhIi Sup Corp.. 10
7 I.ehlgh Kay T6V4
11 Lehigh Valley... 72K
M0 Lehigh Val Tr.. 18
105 do pref 36K
0 Korrlitown
50 Treised S C
ltod Tenna n R .... 56H
45 Ta Salt Mfg.... B3
50 Tilt Coal
100 Pitt Coal pfd. ..
50 Phlla Co 41
1.1 do cum pfd... 41
437 Phlla Etee .... 25',i
843 r It T t c 12
43 Phlla Trao 70
200 Dtp IAS .... M
80 Heading 76?4
10 So Pao 01
250 Tonopah Del ... 3
170 Tonopah Mln ... 6",
100 Utah Cop
340 Union Trao .... 42
405 U Q I M
11720 U S Steel 78H
23 do pfd
20 Warwick I A S. 10?;
3 W Jer A S B ... 49
50 Weatmrlnd CI . 6814
85 Cramp A Son. . (K
Te. eloM. High. Low. Ctoi.
04 C4V MX
72 UH COX
184 S 1J
114 111 113M
(ai S3 52
43 43 48
89 OOVt W
62H V4 C2
7SH 14 75
S3V4 ' 33
33H 32 3.1H
70H 69
73H 72 73H
4BH 40H 40
23Vd H 21
88 88 31
07 07 07
10 OVi Mi
77 70 70
73 73 73
15 18 18
37 30 3(1
130 110 130
72 72 72
57 60 37
03 10 05
36 3 36
103 103 105
44 44 44
44 44 44
25 25 25
12 12 12
70 76 76
85 65 55
77 70 77
04 04 01
3 3 3
0 6" 0
08 CS 68
43 41 41
80 80 80
70 78 78
114 114 114
10 10 10
40 40 40
66 00 CO
00 80 89
DbllllenT Securities
Dorao Mines
DulSS & Atl
Dul S S & Atl pf .
33
lii
G
125f
Electric blor Uattory.. 75H
lirle 32Jf
Erie 1st pf 62)i
Kile 2d pf 41M
Fed Mln A Sm 32
(Jen Chemical pf
General Electric. .
General Motors
General Motors pf.
Goodrich it F Co.
Great Northern pf
Gt N cfs f.r oro prop
.111
.175
.355
115
. 71
.121
48'f
33M
22W
5i
10H
70
33W
53
4 IK
31H
112
170
305
11U
102
31K
22
C
10M
75
32H
C2Vi
41
31U
111
""WHBAa? REACTED
AFTER EARLY RISE
Adjustment of the Cash Situa
tion and Unsettled Weather
filtered Bearish Sentiment
ClmCAaO, Sept. 28. A bullish senti
menU appeared to te cronlns In tho
he.lt market and prices at today's
opening' were. firm. Many bear, who
are Isald to have made careful and cx-ten.-Ilve
study of tho situation, have
tunled bulls -and are on the buying side.
. SmAlI accumulations despite larger re
pts, the settlement of the Allies' loan
arfid an adjustment of the cash situation
pare said to be responsible tor the change.
,, Strength In outside markets Is also be
lieved to be a factor,'
Trices eased off all around In the late
dealings and the close was about a cent
below that of Tuesday,
Unsettled weather has added to the
nevousness of corn traders, and while
prices generally made but light fluctua
tions In the early hours, the undertone
appeared wavering. However, an ad
Vance In whaeat will see corn following.
Small movements made oats Arm, with
trading light and scattered. Like corn,
oats will follow the trend of wheat, al
though the present undertone Is not
looked upon with favor.
Export sales reported totaled 900,000
bushels of wheat, making sales of 2,250,000
bushels recorded In two days.
Lending future ranged a follow:
10.
31H
"hi
10H
75
32tf
52
41
31U
112
173H 174
352 353
115K 114H 11414
74H 71 72M
12 Hi 120H 12UK
S0H 48'. 4oi
U0U G5X
100 100
107U 107
2m iojf
39
ISM
73H
20
70H
10J
42
20M
745
20
70!.
10! i
New York Bond Sales
Low.
1.0.1
84
07
Yeit'd'
Cloi. clou.
1.0.1S t.5
t4 T"
18.50 18.25
18.40 tw.2
16.00 ,15.83
Wheat Open. Illsh.
September .. 1.0) 1.0(1
Deombec .. 0
May ........ D8S 08
Corn Inew drllvenrl
Bepterocer ..
December . ,
jara
l.r.-)-bc ..
eembr
Lard
September ..
October . .
January ....
Utba
September ..
October
January ....
Poilc
September
October .
January . .
Did. tAkd.
SnARP BREAK IN COTTON
MEW TOIIK. Sept. 20. Influenced by. th
harp declln of 10 to 15 point In the Ltver.
pool market, cotton herf opened weak this
mornln-, wttU price ju'to point, lower.
Tntdiaii was large and excitement wa quite
lnunM for a tlm. Tb Ulnar wa on an
tnorrooui seal. nd many itpD-lou order
ero reached, a th lower level wer eatab
. llabed. Tlier waa sood buylns by SouLbern
lntenat and Wall tret speeulators. Cable
"im Uvereool said that lh declln ther wa
. to liquidation and Uck of buylns power.
ta th afternoon price continued to tumble.
July fell 64 point and cloud at tb bottom.
Other Hionth. ruled 48 to 50 point under tut
Tea. eloa. Open.
Jantaary ?Z-B JtU
l).cmber 12.48 lfjo
October ......... W0 11.JO
.March .......... 1M1 Vt.n
'May .........15.07 1Z.HS
: S
im;
. mi
. tmi
ui w
IIi 1U1 (UV -DOi tV
5.11 KK MS 55 55Uj
67g 57 6814 '60 '57V4
8 8 8J4 86 38H
88, 8C 85I 88 'Z
85 Soft S7ti t3T asVi
8.27 8.J7 t8J5
8.25 8.27 8.17 I-27 8-82
8.77 8.77 8.85 18.75 t8-
.... 8.75 8.83 8.75 8.T5
8.55 8.70 8.85 8.76 8.75
8.D5 8.03 8.W 18-02 tS.W
18.20 ....
13.10 13.40 1S.05
15.80 18.00 15.75
$1000 Adam Expreia 4..,
uOdO Amer Braelt Sec 6...
wnjo Uo clt 4
61MV do cvt 4J4
UtKiU Armour Co 4U
HW Atchison ad 4
l3(IO Uo cv 4a 1U55
ICUUO do cv 4a 1UUI
UU) AtUn Co Una clt 4a
22000 Unit & Ohio 3'4....
a.Viu uu 4a
tuouo do cv 4Vi .,..
1O0O Beth Steel lit 6i....
1.15UU do rtil oi
7000 Uklyn Rap Tr 5i...
5WXX) do 5a 1U18
20HO Bklyn Un Klv 4i
iiSU Sent father lit 5a.
20U0 Cent l'aclnc 3hs...I
17WW do lit 4i ......
33O00 Chill Cop 7i ....,"
00OO Che & Ohio cv 4J4.
3000 Che. & Ohio 4!4...
3.1000 Chi B & Q joint ii!
4000 Chi U & Q sen 4.7 I
50UU C M A St F- 4... ..
4000 C M a fit I' Dlv 4...
85000 C M & St I" CD 5.
20110 C M & St P cv 4(4.
2000 C 51 & St P 4.....I.
'S le.vhu V4...
5JJS Corn Prod 5 lim..., wivj
1000 Corn Prod 5 1IM4.... 4
3000 Del & Hud 4 ia.....lO0
leooo Del & Hud rfd 4...... 40
6)t0 Ien A Itlo Or 414a... 74K
64000 Die Secur Corp 6a.... estt
ii25 Su. 1,ont Towd 4H...10I
18001) Erie conv 4a Her B... 7.'l
11000 Erla Drlor im ... LW
5O0O CJreen Bay .....
.hckiO Oen Elec deb 5..
MXK) Hud Man In 5s..
2000 do nref K.
61000 III Steel deb 4Wa Mil
5000 Indiana Pteel f......lOW.
1000 Iowa Central 4s M
.2,000 In. Cop cv U. 101D...152
1tlalVs f nv stmt 11a aa-i.
'"" iiii' ; " inx
47000 Interb itet 4vi...".. U
1MO00 Interb n T ref si"!. i,tt
64ciO Inter iter Mar 414..... 78iJ
2O00 Intern Paper cvt 6... Mil
8000 Intern Paper 0. nil
7000 do 5. 7
2000 Japanea lit 414. 77
4000 Kan City 8o 6. 8ft
1000 Kan C A P lit 4s 85
OOOO Lackl Rtl 5. lUn..(. 04
85ROO0 Lacka steel 6. 1050.. us
1000 I-aka Shore Ken 3V.. 82V
2000 Ik Sh deb 4a Kill.. Ol'i
5000 Lh Val of N Y 44.. Sli
tr. .Airuiaru r.. .... . vv
tzM uorinara Ta 121
CHAM LHJUia A flllQ 4..
4000 Manhattan iu 4a,
8000 Mln a 8tL 4. rsi
21000 Mo Kan & Tex 2d 4... 5114
4000 Mo I'ac cv 6. 84
8000 Mont Power 6. DIM
6000 N V CM O col 8V4..., (lj
4000 NYCi 8H,....,. 70
217500 do 0. ret.,.,, HH1U
240000 do 414 ! 8814
2O00 N Y City 4. 1057 est,
iinoo do 4a 1050...,.,,..,. Oil
82000 do 4U. lnno.,,, coi4
875000 do 4U. 1005. .,,.,. ,,102'
8300U do 4V4. lOtti Oft'
root) do
8500 N Y
4000 do 0.
1000 NVOnt W lit 4.,, 77
15000 ij Y Uwy adj 5,...,, 50;
,u.h .. . .e, Kru mm ,.,. VI
uooo wort Si writ cvt 4V4
Low. Cloae.
78
10(114 1
88H
10J14 1
112
8214
1)2
iiuft :
W.
01H
N1H
iom
mil,
loufj
luoVj
8UV
loo
8J14
Ml
lit
78
&
Ha
1M1
wi
H11V4
0414
10014
'
Uuceenhelm Kipl'n ... 0!1U
Ilav El Ity L & P pf .100
IillnoUCent 107
Int-Aerlcultural 18,4
Int Acrlcultural pf.... 39
Inter Con Corp'o 20K
Inter Con Cor pf 73U
Inter Met ot tc 20ti
Inter Met pf 78
International Paper. . 11
Intllarv N J 108!i 107K 107
lnsDlratlon CoDDer.... 37i 384 37f
Kan City Southern.... 28 27J4 27W
Kan City So pf 01 COW 00i
KrcsceSSCo ICO 170 10S
Ijickbteel 81K 04i 82M
UcledeQaj 102 102 102
Lake Erie & West OW OJf 9!f
Lake Erie & West Df. . 2314 21 21
1-hleh Valley 145W 147H 145W 140
Loose Wiles Biscuit.... 23tf 23M 23M 23H
Maxwell Motors bXi
Max Motors 1st pf. . . . l2
Max Motors 2d pf 40
May Uept Stores 52
Mexican l'etroluum 8)
Miami Copper 28
Minn & St. Louis 13
M bt 1 &S 8 51 120
Mo Kan & Texas AM
Mo Kan & Tex pf 1UU
Missouri Pacific 4
iiantana l'oer 58
National llbcult 12114 125
Nat C & 8 pt 100
Nat Enamel & 8 3)
05H
100
107
22
42!i
19!
73!
20
70U
10H
107K
38
27M
C0
170
8U!i
102
OH
21
SECURITIES AT AUCTION
60 .hrs. 1. A. Schneebell A Co., Inc.. 10
1 ahr. rnrmors ft Mechanics' National
Bat.k; par floo 12S
10 ahr. Corn Exchange National Bank;
par S10 205
20 ihts. Knobley Mountain Orchard Co.,
Kcyarr. V. Va., iar $100 41
310 ihr. New England Watch Com
pany; par 525 lot IS
52500 1-oiiK Branch Turnpike Company.
5 per cent, first mortgage, gold:
coupons January and July, duo
llili. 11
$2000 DanaWlle Gas and Electric Corn
puny 5 per cent, tint refunding,
gold; coupon. January and July,
due 10.10 50
8 ihra. I'hllndelpbla Bourse common;
par 5100 483
It ahts. Ileal Eatate Truit Company
preferred; par $100 8.1V4
25 shr. Finance Company of Tenn.ylva-
nla first preferred; par $100 100!i
2 ahr. Belmont Trust Company; par
$50 40
23 ahr. Mutual Trust Company: par $50 35
5 ahr Mutual Trust Company; par $50 35
0 ahr. Krankford & Southwark (5th
and (ith its.) Paiaenger Uwy, Co. 314
5 ahri. Germantown (4th and 8th its.)
raasenger Itwy. Co 100'4
10 shra. Citizens' (10th and 11th sta)
l'aisenftcr Uwy. Co 265
100 eh re. Headinc Traction Co.; par $50. 2714.
5 thru Philadelphia & Camden Ferry
Company, par $50 1001&
65 rlim. Philadelphia Bouno preferred;
par $25 21
20 shra. Philadelphia Bourse preferred;
par $23 21
8 shra. Philadelphia oUurse common;
par $) 014
10 slirs. Philadelphia Bourie common;
par $50 0
10 shra. United Gai and Electric Cor
poration flrat preferred; par $100.. 51
15 ihr. II. K. Mulford Company; par
$50 t
35 ihra. II. K. Mulford Company; par
$50 04
1 ahr. Penmylvanta Academy of the
Fine Arts; par $100 28
01 shrs. St. Bernard Mining Company;
par $100 120
$500 SprlngHeld Water Company, 6 per
cent, consolidated mortgage; cou
lioni March and September,
due 1028 88
$1000 Chattanooga Railway & Ught
irompany. ( per cent, nrsi ana re
funding mortgage; coupona May
and November, due 1051
$1000 American Railways Company. 5
per cent, "refunding nnd converti
ble"; Interest February and Auguat.
due 1031
Total lalea. 70,253 sharei. compared with
07,038 ahares yesterday; thu. far thla week,
272.5(2 iharci; last week. 132,703 shares.
BONDS.
BONDS.
Last rrev.
sal. High.
$1100 Am O & El Sa. . 87 87
OS Cam Stl acp 'lO.lOOVi 100
85 do May 1017.. . 09H DOT
88 do Feb 1917... 00 0014
1000 El A Teo Tr 4s. 74 74
1000 Key Tel lit 5i.. 04 Vj 04H
3000 Leh Val gen 4a. 861; 87
3000 L Val Tr lit 6S.10214 103
8000 Penna gen 4V4. 07tt 0714
1000 do con. 4U....102K 103
5000 Phil Co cons B. 84 85
2000 Phlla Eleo 4i... 70 70
100 do 5. 102 102
0000 Span-Am I 0....101 101
3000 Un Ry Inv 5s... 71M 71
Total salts, $31,470, compared with $73,503
yesterday; thu. far thla week. $104,205; last
eek. $128,024.
KAILUOAD EARNINGS
ERIE.
Low. Close.
87 87
100 100
00S 80S
00H COS
74 74
04 04H
87 87
103 103
07 07
103 103
83 85
79 70
102 102
101 101
71 71
SEPTEMBER TRADING HEAVIEST
OF YEAR ON LOCAL EXOHAK
Large Transactions in Cambria Steel the Cause Stocky
End the Montn uiose 10 tne .Best rrices
of 1915
There Is no rloubt thnt September will
prove the banner month of the year in
so far as the volume of stock-trndlnn on
the rhllridelphla Exchange l conccrnea.
The remarkable Increase In activity In
local stocks this week will boost the to
tal sales tremendously. Upwards of 200,000
ahures have chnnRed hands durlnK tne
first two days alone and the month a to
tal' should easily exceed 1,000,000, ft" the
trading for the 28 days up to last nlghi
amounted to over 960,000.
The biff dealing In Cambria Steel have
been chiefly responsible for this. There
Is ft feellnjr on the street that, not only
has the Pennsylvania company been dis
posing of tho stock held by It on which
the Donncr option was not exercised, but
that possibly Cambria Itself has been
selling; treasury shares In tho open mar
ket. At all events, thero Is vlrtunlly
no doubt that soma Important change of
control has occurred. Another story has
It that the Frlck Interests have taken ad
vantage of the remarknblo rlso to liqui
date. The ouggestlon, too, was made
that It was qulto possible, since Mr. Don
ner hart onlv exercised a nart of his op
tion, that ho himself might be merely
cashing In a substantial profit by selling
out the holdings thus acquired
Heavy selling of Cambria 8teel waa
again a feature of tho early dealings on
the local exchange today nnd the price
fell back more than 2 points below last
night's closo before support was forth
corning and a rally set in. Practically
all of the morning trading was centred
In this issue and the street was rlfo with
rumors as to who wm really selling.
That a big block of the stock waa be
ing liquidated was taken for granted and
all Indications notntert In ft,. ... .-
mentioned above as the source of supctv
..i ...U.....V...O ,.v, tuck cnauQ today
a sharp break being followed by an equal!
ly rapid rally, only to react again later
A 13-polnt drop In Baldwin LooomoUr
was not Important, as It merely re4.
Justed tho Philadelphia quotation with,
that of Wall streot. Last night the dol
ing In this stock varied Just UU point,
between the two markets. J. a. Brm
came In for a share of attention, and wit
lifted a point or more, crossing B2. r)n
the other hand, General Asphalt pre
ferred fell nearly 3 points. United 8tatn
Steel, after an early setback, rallied with
considerable vim, and Asphalt preferred,
also recovered when the changes In the
directorate were announced, showing th
entrance of the Drexcls on the board.
Asphalt common advanced two Dolnti
whllo Pennsylvania, Iteadlng. Lehlrh '18
Navigation and tho tractions all hard- 1
Ltuslncss broadened out as the day pro.' S
greased. Cramp Shipbuilding reacted
aoout a point, in spite oi tne order bflfi
the Director of Public Safety to cnforcsil
the Jitney ordinance against the P. ,S
pie's Motor Club. Union Traction rccedeo! 'till It
In Mm lnt a riftflllnir. ftT?.fa
n
Midvale Steel Buys Land
An official of tho Midvale Steel Com.
pany has made announcement that the
company has acquired three additional l ?
acres of land to enlarge tho plant at 't'l
Nlcetown. The new ground will be con. 1
verted Into additional yard room, which "
will double the present storage capacity '
of tne piant.
!
Financial Briefs
Ii
63U
l
40
60
8JJ
Mi
12
12-2
5
11
4
68H
Ml.
H'A
50
mi
J.V.i
v.
Nat Enamel & S pf. .-
rat 1-ead
Nat Ity of M 1st pf.
Nevada Con Cop
New York Air Drake. .
N Y N II &II
New York Central....
N Y O &. West
Norf & West
North Amorlcan
Northern 1'aclllc
Pacific Mall
Pacific Tel &Tel
l'cnn it It
Philadelphia Co
Pittsburgh Coal
Pittsburgh Coal pf...
Pitts 0 C &StL
Pressed Steel Car
Pullman Co
Hy bteel Spir
Hy Steel Bps pf
lUy Con Copper,
51
Wi
50
mi
vai
121H Ka
n n
58 58
111 125
100)4. 109H 109)$.
Jl :HJti 30
b'J b'J
08 I0)
19H 10H
1C0H 157
70!f 08H
U7Ji 07
28H 28K
70Vi
85H
BAR SILVER
NBW TOIIK, Sept. 20. The quotation for
commercial bar .liver today wa. 40 tent.
1015 Increaae
Auiurt ITOS $5,045,700 $476.W)
Net .... 2.288.705 763.607
NOItTHEItN PACIFIC.
Auirust Bros $6,078,329 $300
Net 2.407,237 035.501
Other Income 254,873 .306
Total Income 2,032.200 020.108
Net aurplus 472.34U U24.431
UNION PACIFIC.
Auirust Kross $8,44(1.003 $21,804
Net A402.71U M,2:i0
Two month' groas 10,202.020 205,003
Net 0,252,033 110,731
Decreaae.
NEW YORK COFFEE MARKET
NEW YOHK, Sept. 20. There waa a more
cheerful feellnic on the Coffee Exchanxe at the
start today. Futures continued to move up
ward and trading was on a larRer scale.
Opening quotations displayed Rain of 2 polnta.
At the close the market was steady, with
prices unchanged to 4 points above last nlght'a
nnals. Sale, for the day amounted to 10,250
bags, compared with 3750 bag. yesterday.
Prices follow:
Todays Toaay i ester day.
The Iron Age says: Signs of Increasing
home consumption are plainer as tho
steel trade enters the last quarter of the
year. The upward trend of prices Is, If
anything, moro marked, and inquiry for
rolled stock for tho first quarter of next
year Is broadening. The problem of tho
bar mills In making deliveries on hpme
contracts and at the Bame time meeting
demands for war steel, is growing mora
difficult.
A membership in tho New York Coffee
Exchango was sold for $3000. Tho last
previous sale was made at $3300.
The Keystone "Watch Case Company
has received a "war" order amounting to
about J1.CO0.000.
The Carnegie Steel Company announced
an Increase of $1 a ton on plates, Bhapes
and bars for delivery the remaining
months of tho year.
a The E. I. du Pont-de Nemours Powder
"Company Is to double the capacity of Its
plant at Hopeville, Vo
lt is understood that negotiations are
now going on for a change of control of
the United Cigar Stores Company. E. C.
Converse, the Chase National Bank and
the National City Bank Interests, all of
New York, will take over the control of
this company in the near future, pro
viding tentative offers aro accepted.
At today's local auction sales of securi
ties Philadelphia National Bank shares
rose 8 points and Belmont Trust 9'.4. Corn
Exchango Bank fell 5.
Opening. Close. clo.e.
September .... 6.0030.02
October 0.00 0.O2Q0.O4 0.03U0.02
November .... 6.00QH.02
December 0.0164 05 O.O50A.O6 0.03tlU.U3
January ti.lMiti.lU ti.outftl.10 ti.UItlti.oi
February .... .110.12
March 0.15 0.1030.17 6.15tU6
April 0.20 .... 0.2080.22
May 6.20 8.27(20.23 U.2btlU.2.i
Juno 6.30 C.33ff.34 6.3260.34
July A.3n 0.3080.40 B.:iSiJ(t.4(l
Auguat 6.4380.50 .... 0.4306.44
Bid.
PHILADELPHIA MARKETS
GRAIN AND FLOUR
bU
ami
1UH
UH
157
70
U7
28M
00
GO'i
14K
.14H
158
611
07)f
28U
lloH 115 UAH 114U
. 73 74 73 74
110H 111H U0)f llQH
. 33 33 33 33
. 34 S5H 35 35H
U3H 114 113H 113H
, 88 bOi b8 mi
. 35H 37!i 35!f 35
105H 105U 104K 104H
, 71H 75 75 76
721i 7.V-J 72i 73
1G0H 1G0M 100 100'f
. 45i 4SH 40H 4W
04 04 01 04
22H 23i 22Jf 23
WHEAT. Itecetpta, 144.063 bush. Trade wa
fair, but with lower We.tern advlcea price,
declined If. Quotations; Car Iota, in export
eleiator No. 2 red. .pot and September, $1,019
1.10: No. 2 Southern red, $1.0U1.0); ateamer
No. 2 red. $1.05L07i No. 3 red, $1.0501.07!
rejected 'A, $1.02ViQi.04H; rejected I, $1.01
81.03.
COHN. Ilccelpts, 1000 bush. Demand waa
light and prices were 2Wc. loner. Quotation.:
Car lota for local trade, aa to location west
ern No. 2 ellow, MMfSlc; western rteamer
jellow, "OflSOc; weatern No. 3 yellow, 77&78c.;
Delaware ellow, 7ttah'ic.
OATS. ltecelpt.. 87.508 bush. Trade wa.
Sulet, with no Important change In prices,
'uotatlona: No. 3 white, 30W40c.; No. 4
white, 37it?38c; sample oata, 32u36c.
FLOUIl. Hecelpt. 2110 bbla. and 1,632,437
lba. In acVa. Trude waa low. but values
were steadily milnulned. Quotatlona per 106
lba. In wood: Winter clear. $4.U04.l0; do.,
straight, $4.8006.10; do., patent. $51035.40:
Kanaa.. clear, lute aack.. $4.0O5.10; do.,
atraight. Jute aacka. $5.25(35.50: do., patent.
Juta sacks, $5.50-85.75; spring, flrat clear. $1.5
4,4.1)0: do., atraight. $l.bOS5.10; do., patent.
: ....I- .. . . .. , .. T ,
o.. Ittvuriio urdima, u..w..u.u.
choice and fancy patent, $5.75
$5.105.30;
city mill.
Heading 153K 154U 162, 153)f
... w Wi
...121U 121U
... wi oou
... S8V4 87
50
50 Vi
31
01
2$
79
105T4
4Hs 10I13., 1
4(4. 10W...,,,,1
4V4. 1001
4. May 1057. ...1
N II A II cv 8',4.
f . ,
,13,14
1X40
12.85
11.00
High. Low, Cloa.
12.65 12.14 12.1
12.50 11.03 11. KB
12.13 11.54 1L54
12.03 12.54 1I.XU
U.01 12.52 12.55
13.06 12.5U IXM)
July
nr1
.. .r ii ti-i
- renft KA, lncrrase lyapiiai
"At' a Meting of th stockholder, of the
am j. reitn at as mwriwreiwi, i
'fd ta incraa. ta capital stoclc from
m t i,taai.iwi. yx ini. riw,w wiii
tmrtti and $250,080 common. It I x.
that tlu preferred will be offered to
RteckkxiloVr at par and the common will go
noos atria eno.
Time.
4 ttlV,
rt4fl4
3t3
l-nij.
RATB8 FOK MONEY
Call.
i t.i:4iih .,... JJH21
Ne ifurk .,..i i
1K .,...,.,., .,,,
..hi.BBA . .. .. - ..... 3UB1
iv.iimimwiUI I a per, thrv to six mouth.,
ku.lpbU. ;( 4 per eeiX.
DIVIDENDS DECLARED
-nlt DUte laduairial Alcohol Coinnprr
rtrit.' .J4rr1y li'pcrut on wrferrrd,
i .r W n. tafier 15 tWftw k f reerid October .
liic His Un Cwaf v juarorlir It
,, . i . fiKrt'r ) tii fto k, pt record
9 -"'lis lVtr WctkM SorurltUa Oom-
- k iiit'mi( Mi )r ttmU Ml
'- tu-nt 1 M t
114
U Hi
6:13
07
loo
V7H
74
flonoo Nor I'ac prior 4.
62000 do gen 3.
aono Pac Tel 5.
5000 I'enna cr 3H...
tOOOO do. gen ct 4Vj.
2000 do 4H. 1021..
AIHXJU ao CV 4. 1U1
400D Jlajr Ton Copper 6... 113
41006 Heading gen 4 03
12000 nep Jr B 5 m
10110 Hock Island 4, V!
4000 do rfd 4a
1000 fit rul MAM 4Hs...l004
140141 Seaboard A It adj 5. . "S
IMKi do rfd 4...,. ...... 07K
COOOftouth Dell 5 Old
OflrtiO youth I'ao cv 4a .... 82i
-nupni no cv ret ipo HAM. Wl
14000 South Hwr gen
illiioi. do con 6. ...
41CXO Texas Ou xv 6a
iiusi mira Av 4
1WKO dq adj 5 ...,..,
110( Tol Teo Wet 4.
Ksio I) ft nubbr e
7M U & Steel fia ,.,
JtKrfiO Union Pe lat 4 .
l'MWO do CV 4. .
zmt da rfd 4a
30C0 Va I C A O 8
J2O00 V Itwy 5.
Ilka) Wabash 1st 6
Ittfsip do 2d 5
15K.I fVab Kqu ct .1 4
00V4
102
102VJ
00 Z
J?i
8?
lit
ooi
VI
07
100
074
100
lOtl
115
U2V4
::r.S
101
1
70S
. 4nvT
.10244
103 1
. 115
. 01 U
. HVA
. 08i
.101 '
r
30T4I do 4 10
Vma Wb-I Tr Ut ft 4s U
m) w N V at I'a 1st bi.HISU 10.VK 1
llf) t Ud 4 ... 70 7U
ti-nro w K ft C ty Sa w I.124H 1U 1
inrt) Wut Union cv 4H. 7 78
ROM) da 4i . ... 1 M
) Wi Cnt gen 4 Uj i4
Tsl !. ,43.4. comr4 with WJ
sn.n reree" lt rk. fl,f7.), J
IteD Iron & Steel
Hep Iron & bteel pf..
Itock Island Co
Itumely Co
Itumely Copf
bt L &S K2d pf...,
6t L Southwest pf...
beaboard Air Una...
tieaboard Air L pf...
Sean Hoe & Co,....
bloss-Shef a & I Co..
Sloss-Shef S & I pf...
So l'orto It Sugar...
Southern l'aclttc
Southera ity,
SoutnerQ Ity pf
Studelaker Co
btudebaker Co pf....
Tenu Copper........
Teiu Co
l'llnl Avenue
Tobacco l'roductj pf
Uoiou liag & 1'aper. ,
Union l'acific
Union PacUlc pf
United Dry Ooodi pf
U Bind Alcohol
U 8 Ind Alcohol pf.
U H Last I 1 &
UUU11' XV pi.
United ltyi Invest.
UnlUxl Ity Iu pf.
U H ltubber
U S Steel
U B Steel pf
United Cigar Mfr.
Utah Copper.....
Va-C'aro Cbem
53if 65H 53U
10JH 10J 103
54H
103
H
4ii
7H
5
20
10
37M
H ii H
. 4ii 6 4
.7 8 7U
6W 5 5
.32 29 29
. IU 16H 10
. 37 37H 36H
155H I54!f 154H I54H
57 05 67H 01
OOii 00H 00X OOH
. 87 00! OOJf .WH
. U3H 04H 03M U3H
. 10K 10H 18!f 18U
. 57H 67H 67 67H
.141)1 143X 138! 130i
.108H lOaH 108H 108H
, GO 68 GUI 03i
.100 109H 10UH 100h
. 6SH 58H 50U 5UU
.100 100i 100H 100i
.7 OJf 031 OH
.132H 134K W1H 133H
. 81H H2H 81), 81H
. 67(1 57H 67). 673.
. 05 00M 01 U.'Ji
...10031 101 101 101
... 23 ' 25 ili
... 45)( 4(1 45H
... 24 23H 22!,
. 30 30H 38)i
... h'li 64)1 62H
78t 70) 78
a2.r: do., regular grade, winter, clear, JJ.jiog
ajqjoa; ao.. pteiu. ew.tr
5; A,
5.50,
tralght,
nvc vrlTtlr rh market ruled ateadv. but
there waa little trading. W quota at $533.25
per bbl., aa to quality.
PROVISIONS
There was a fair lobbing demand and value.
were .teadlly maintained. Following are
the quotations: City beef, In .eta, smoked
and alr-drled, 24i25c; Western beef In
sts, .rooked, 2425c.: city beef, knuckle,
and tender, .moked ard alr-drled. 26f27c.;
Western beef, knuckle, and tender, moked.
2ti27e.; beef ham.. $28830; pork, family, $21
rril.M: tarns. 8. I. cured, loose. lJKWUHc;
dot aklnned, loose, 126120.1 do., do.,
moked. 13ViSl31yC.; other ham, tmoked city
cured, a to brand and average,
ham, amoked. weatern cured,
boiled, boneless. 21 22c.; plcnte shoulders, I
age. 18HWl'4Wc;
lMAHVic.: do..
216220.: plcnte shoulders, 8.
mrd. loose. IW.aiOc.i do . smoked. OtiO
Hr.l belllee, tn pickle, according to average.
loose. 12S12HC.J breakfast bacon, a to brand
and average, city cured. 15V4ftl6c.l breakfaat
bacon. rrm curcu. imuivc; taju. ,'
ern, refined, fierce. OUtfuWc.l do., do.
tube. OUtfOVse.: lard, pur city, kettle ran
bi tierces. VUeOHc: lard, pur oily,
rendered, tn tubs, UWCOHc
idsred
Klll
DAIRY PRODUCTS
BUTTEn. Deilrable stock TOld fairly and
ruled firm under moderate offerlnga. Quota
tlona: Western solid-packed creamery, fancy
specials, 20VjC.: extras, 27Vic.; extra nr.t.
26,27c; firsts, 20C25U.C.: second. 23024c;
nearby prints, fancy, 31c; do., aerage extra.,
2iwfl0c.: do., flrata. 202Sc: do., seconds, 24
f;23c: Jobbing sale of fancy prlnta, 33(f38c.
E'lOff. There w. a good outlet for the
limited recelpta of flno new-laid egga, and
price, advanced 30c. per case or lc. per dozen.
We quote aa follows: Free caaes, nearby
extraa. 3Jc. per dcz.; firsts, $3.7030 per stand
ard case: nearby current receipts, $S 1O08.4O
per case; Western extra flrata, $8.70ff0 per
cate: nrats. $8.10i8.40 per case; fancy selected
candled egg. were jobbing at 33Q37c. per dox.
CHEESE. There was little trading, but of
ferings were moderate and value wcro
steadily maintained. Quotations: New York,
full cream, fancy, new, 15U&15ttc; specials,
higher: do,, do., fair to good, new, Uliteiac. ;
part skim., 6U12c.
POULTRY
LIVE. The Jewish holiday demand be
ing Lattaflbd, the market developed a
weaker tone and prices of both fowls and
chicken were slightly lower. Quotations:
Fowl., a to six and quality. ltH4anv,c:
rooster. 12(U3c: spring chickens, according
to quillty. 16',gl7Mc: ducks, as to site and
quality, 14016c; pigeons, old, per pair. Wit
20c: An. tnung. per pair, 17lc
DRESSED. The market ruled firm under
light offering and a fair demand for de
lrabl tock. Following ar the quotatlona:
Fresh-killed Fowls. 12 to box, dry-picked and
dry-packed, fancy selected, lOHc; weighing 4Vi
U5 lbs. apiece, ltic.jwelihlng aViU4 lbs. apiece.
18c; weighing 3 lbs. apiece, 10i?17c.: weighing
under 3 lbs. apiece, 14Htil5V4c.; fowls. Ice-
racked Western. 4V4 lbs. and over apiece,
8Vc; do,, smaller sixes, 15tfl7Me.: eld roost
era, dry.plcked, 18c: chickens Jersey fancy
broilers 24(?2uc.; otner nearby fancy broiler.
22024c: Western broilers, weighing lHtrt lb,
apiece. lOBIOc: northern Illinois, fancy yellow
chicken, weighing 3V, lba. and over. S02lc.l
northern Illinois, fancy, weighing, ZyAtt t.,
IHTlOc; other Weatern, weighing 3V. lbs. and
over, 10c: do., do., weighing 2WS3 lbs., 17
018c; Inferior, 15S16c; spring duck., near
by, 10017c; do., Weatern. 10012c: aquaba.
rer dosen White, weighing 11 to 12 lba. per
do.en. $1Q4.75, white, weighing 0 to 10 lb,
per doxen. $3.15473.t5; white, weighing 8 lba.
per doxen, $2.55472.75; white, weighing 7 lbs.
per doxen, t2.10fr2.S5; white, weighing Cdia
lbs. a dosei, $l.COl,75; dark, $1.50&1,73;
small and No. 2, $L
NEW YORK CURB
ntd.
American Zinc 53tt
llraden 0)a
13r-Am Tobacco old 13
do new 14
Car Ught 0
Gold. Cona 1
Greene Cananea 80
Kenc't Copper .53)4
I. V CI Sale 150
Magma Copper 14
Nlpleslng 7K
Otis Elevator 71
do preferred 01
Rlker-Hegeman i
Submarine 45
Sterling Own '-')
Tobacco Product 4:iVj
United Cigar Stores 08
do preferred 110
United Profit Sharing new 11
World Film
Yukon Oold
li
ii
Asked.
DU
i?
15
1"
41
54
100
14)4
-'
74
04
ft
40
2)4
e4
105
125
V,i
H
2h
BIG TAX BURDEN
ON BRITISH POOR :'
Contribution to War Expenses , i
Exceeds Russia's and "
France's Combined
i-
By FRANCIS W. HIRST .
Editor of The Economist.
Special Cable to the Evening Ltdocrx
LONDON, Sept. 29. Tho generally far-'
orable reception Riven to tho budget wai
an encouraging demonstration of the na
tional feeling. Moreover, nil independent
experts were agreed that war taxation
was overdue in face of the growing war
cost. British war dxpenditude now equalj
that of France and Russia combined.
Whence your readers may Judge ho
much truth there Is in our yellow press
Insinuations that Great Britain Is not do.
lng Its share. The overwhelming magni
tude of the present war becomes clear
when wo realize that the new taxation,
though much heavier, of course, than thi
Crimean War taxation, will only cover ln
terest, sinking fund and pensions, where
as half the cost of the Crimean War wnj
paid during hostilities.
Second Impressions of the budget on.
closer examination reveal three minor ob
jections. First, tho smalt Income tax
payers (with 200 a year or thereabouts)
are very hard hit by the Income tax plus
the duties on sucar, tea and tobacco. Sec-.
ondly, free traders dislike Import dutlei ,
without a corresponding excise. Thirdly,
there Is much dissatisfaction with to
abolition of the half-penny post, both for
postcards and newspapers. Newspapers
have been struggling with adversity since
the war began, for costs have been risinz
while advertisement revenue has declined
severely. Henco tho increased rates on
press telegrams will mean less news.
I
New York Metal Market
NEW YOHK. Sept. 20. Prices were un
changed at the metal exchange today. Lead,
4.50c. bid; tin, S3633.50C
DIVIDENDS
OFFICE OF THE C. II. GEIST COSIl'ANY,
Land Title Uulldlng, Philadelphia, l'a.
September 28, 1015.
The Director, of the Indianapolis Water
Works Securities Company have thla day de
clared a regular semiannual dividend of
three and one-half per cent. (3)4) on the
preferred atock of said Company, payable
October 1, 1815, to holder of preferred atock
of record at tb close of business this day.
Check wilt be mailed.
C. It. WEAK, Secretary.
V
LIVE STOCK QUOTATIONS
CHICAGO. Sept. 20. HOQS-Recelpt.. 25,0001
tniirket. 6c. lower; mixed nnd butcher. $0.71
(It-AO: good heavy, $0.fHff8.25; rough hravy,
$t!.tWn.80; light. $tt.05ffl7.50; bulk. $7.10!fS,W.
CATTLE Hecelpta, 15,000; market steady,
15c. lower; beeves, $3.50310.25; cow. anl
heifers, $.1.25938.75: Texan.. $6.7598.40: calves,
5IMO30.M): light, $7.35Q8.40; pigs, $0.0307.50
hulk. $7.1038.10.
PHKBP ltecelpt., 16,000; market atesdy;
native and Western. $3&0.15; lambs, $6.49
U 23.
Real Estate Firm Bankrupt
The real estate firm of . Wallace Simpson.
Dn a son, toaay met
nkruptcy In the United
trading aa L. P. Simpson & Son, today filed i
voluntary petition In
Mate. Diatrict
$SO,000 and the
Court. The liabilities ar t
asset, about $25,000.
i
Sound Investments
Fraier & Co
Bankers
132 S. 15th St.
J2H
45H
22H
63j
78
.111!, 114H 1UH U4H
CO
. 08
. 40
. 01H
UO
OIK
mi
40H
01
in
68
07H
03
HI
68
07H
3QK
04
IU
124H
30f
77
218
V-Ifon Coal & 0.
Well KarcoEip....
West K & 51 lliii 12HH 124
Westera Maryland 30 30)1 20U
Western Union Tel 77K 77M 77
Willys Overland 221 221 218
WUIyj OvelUnd pI....10SH 109 108H 10aH
VVlscoailnUDlral 34H 34H 31 34H
Wooiortu WC0....108 lOH 108 luo
Woolwortapf ...121 122 122 123
Total sale. 1,070.700 share, compared with
1,8.11,000 share, yesterday, thu. far tht. week,
5.050,700 share! earn period last week, 8,001,.
MM shares.
IHKKCTOKY OV ACCOUNTANT
Cf.4 FuUte Acconntsjtj
M.ite'WiaiMiS&.
PHILADELPHIA ELECTRIC COMPANY
This company rontrol the entire electric ll.-h.tln; and power busi
ness of the city of Philadelphia, the third largest In the United State.
We have prepared sli-pae circular shod lng In detail the progress,
growth of business, and other consideration to the company.
At present price th atock yield about 6.50.
We believe It merit the serious consideration of the Investor.
Tb circular will be cent free oa request, and our statistical de
partment will consult with you to tbl or other securities.
REED A. MORGAN & CO. S.?aa&Sg5b,
Ice Skating Rink Will
Pay. Big Money Returns
Very careful, conservative estimates of gross receipts,
operating expenses and net earnings of the proposed Ice
Skating Rink at 33d and Walnut Streets, give the following
reliable figures :
GROSS RECEIPTS:
From operating of Skating Rink during
21 weeks $79,500
From operation of Refrigerating plant 82,000
Approximate net estimate of Summer J
Roof Garden and Auditorium dur- v
ing 31 weeks 20,000
ENTIRE OPERATING EXPENSES:
$181,500
Brown Brothers & Co.
Fourth an Cmwittut Struts
rUlLADBLflllA
Deposits received and interest
allowed
Fw tHjtoMWN McetJtits, iaetead f using jwwbeebg,
tUpnaito may Im gout by Mall and wc will fwraiah
91 mPmitmt ftnmmm or
Rink
Refrigerating -Plant
'flHMil
'
$48,500
43,000
$91,500
NET EARNINGS FROM OPERATION $90,000
.. . Jh"e neJ earnings arc sufficient to pay the 8 per cent,
dividend on the preferred 'Stock three times over and insure
a djvidend of 19 per cent, on the common stock. A 25
bonus of common given with every purchase of preferred.
Subscriptions received by Chandler Bros. & Co., 1338
Chestnut -Street, or Geo. A. Huhn & Sons, 1418 Walnut
btreet. Detailed prospectus and full information, showing
Jiow earnings will be made, sent upon receipt of your name
and address on this coupon.
Philadelphia Ice Skating Co.,
1011 Morris Building, Phila.
Clentlemen:
of thoU"oepod I &! Btatrocnt .howlnir e.tlmated earning
Nar)e .,
AdAreM
Xv.J4l.-Jt,ia
vfc