asfmmsa - AMERICA BANKERS DROV.E Efeitern Institutions Will Take Most of the Big Loan. New High Records for U. S. Steel and Copper Stocks in Wall Street wyyhere tha comment In heard a surprisingly good bar Rain with 1tn borrowers of the half billion loan will pay very close to 6 per cent, for ftkke money and the banks will make additional profits when tho monoy posses thtvugh their hands. It now looks as If the New York and other eastern cities will do most of; tho financing and that western banks will have MttM Interest In It. Vigorous buying and substantial pains were noted on the stock exchango tH the early dealings today. United States Steel common was the leader, first mim being recorded as 12.000 shares on the way up and on buying of largo Mocks the price went across 81 In the next few minutes, the highest mark touched since 1912. There was a wide opening In Inspiration Copper, 4000 shares selling at a rw high mark for the stock. Other copper stocks were in heavy demand, Including Anaconda, Hay Consolidated, Utah and Guggenheim Exploration. American Smelting rose a point. The specialties and minor steel Industrials as a group were also In good demand at upturns ranging from 1 to 2 points. Good rich Rubber rose to a new high record, whllo New York Central responded to the favorable statement for August with a gain of a point. Pennsylvania also Improved. Union Pacific fluctuated erratically. There was heavy realizing on tho Initial rise and this produced Irregularity. The recent leaders such as Baldwin Locomotive, Colorado Fuel, Crucible Steel and Great Northern Ore were relatively Inactive. New leaders camo to the foro including Cotton OH and the fertilizer issue. Tho conservative element In Wall street was reported today to bo taking ttepa to put a halter on the rampaging "bulls." They fear talcs of huge fortunes won In ft day, and stories of millionaires made over night, coupled with four successive "million share" days in the stock market, may result in a reckless speculative era that would ultimately end In a sudden slump In securities. Tho word has been quietly passed around In tho financial district that the banks would call for larger collateral If the market does not act more conservatively. It? Is recognized in financial circles that tho quick success of the Allied loan un doubtedly was a contributing Influence to the booming .market. Applications were said today to total over J400.000.000. Total sales of stocks for tho first two hours were 766,000 Bhores, far. exceeding records set earlier In tho week. Bales of Steel alone aggregated 180,000 shares, whllo Westtnghouso on Us ad vance showed a total of 82,000 before noon. Big traders in Westlnghouso watched that stock Jump to new high levels In mldafternoon and thoso who sold earlier In tho day believing it hod reached Its turning point made frantic attempts to buy back tho stock. Westtnghouso's strength was due to reports of a new wnr order received by that company. Steel continued the leader of the market, though equipment shares were strong and active, American Can making a new high record. Slight reactions occurred Just before the close. Baldwin broke about 6 points. An Interview which Judge Gary, Chairman of tho Steel Board, gave out inspired many of the purchases of steel common today and mado that stock the feature of the market. The market for steel was also greatly strengthened by buying orders from a big house with Chicago connections. Tho buying by and through this houso was not only strong; it was conspicuous. It even ap peared to be designed to be conspicuous and impress tho trading public with the idea that the big interests in the United States Steel Corporation wanted to see the market go up. Wall streot Is beginning to "crack under the strain" of the almost un precedented trading of tho past week. Several commission houses suggested that, a vacation be tnken tomorrow, to permit overworked clerks to catch up With the clerical work resulting from the "million share days." Two clerks wero reported overcome today from the strain. A governor of the stock ex change said, however, that it would bo almost impossible to closo tomorrow as the whole world is trading in this market and'people outside of New York cannot bo deprived of an opportunity to buy and sell because local brokers are overwhelmed with the rush of business. Henry Clews, a veteran of the street declared that the market was booming because people all over tho country want tc buy stocks and the big interests are in an optimistic mood because they are confident the new Federal Reserve banking law will protect the country from any panics. COMPLICATIONS PACE WHEAT SPECULATORS Interior Movements Continue Heavy and Old Contracts Are Being Rapidly Filled CHICAGO, Oct. 1. September's passing failed to clarify in the slightest the com plicated situation that has confronted grain traders for many months, and the market opened today with operators ap prehensively nervous. Prices ranged generally under those of yesterday's clos ing quotations and lacked support. Trading was light, although sellers were anxious to unload, because of the weak ness of outside markets. Winnipeg broke Hi finder the final quotation of yesterday. Interior movements continue heavy, with small accumulation, old con tracts being rapidly filled. The market became firmer In the late dealings and closed steady. In going out at L15Vi September was the highest It has been since June and shorts had difficulty In covering. A simi lar situation is predicted for December, although it Is expected cash and Decem ber will get closer In a short time. Bulls advise buying on the breaks, with bears dissenting. , Snow's estimate of the total United States crop had a steadying effect for a while. Wheat is estimated at 998, Mp.eQO bushels: corn 3.018.000.000 bushels, and oats at 1,607,800.000 bushels. Corn and oats, like wheat, showed an arly decline, with a prospect that it will not continue unless something un foreseen happens. Yee'd's Clow, close. Wheat Open. High. PMnber ... a D6V4 V', SK wi Cfcra (saw delivery) Low. Kg m 5y UT 63V to J7i CO n Way r Oats Ootober ... December . May ...... B3j as 2ffl 8.12 8.32 8.62 8. BO b!82 l?a Hb 'ita as kWWR- 8.M S.SI 8.77 8.72 S.'W 13.45 14.00 10.22 aio 8.22 8.60 8 SO 8.'80 8 20 8.2S 8.63 8.70 880 8.87 8.20 827 8.67 8.50 sisi 13.82 13.67 13.60 Member . nuary ., ,llb tober ... rr . luary .. , October . November ..18.40 ..18.72 13.17 13.17 13.50 18.62 16.00 HO 00 January ...18.00 bid. jAlkad. NEW YORK COFFEE MARKET NEW YORK, Sept. SO. There was no par ticular feature in the Coffee Exchange early today. I'rtee chansea were narrow and trad. In waa 0.11 let. In the afternoon futures moved upward. Cloning flfurri ahowed galna of 8 to 7 polnta. Total aalea amounted to 13.&90 bag. Prtcea follow! , Today". Todar'a TeaUrdaya Opening. Cke. Cloae. September .... &.B20.S3 .... OotoiMr .... 6.0706.04 November ..... .... .... 6.O8Q6.10 Pecember ..... dM.13 6.13.17 tt.ioan.ll Janury , 6.15 8.106-6,21 K1406.13 jxebruary ..... .... .. . e.lsya.iu March 8.21 6.2700.20 6.22,23 April ,.,,1........ , ... 627B6.2M May .......... 8.3306.84 6.37C6.30 ejU(f6.i June .... 6.37eo.HM 3W .,..,,.... 6.42 6.4839.M 6.4260.4a AW .. a7t(6.ts KW YORK CURB MARKET Bid. v& MmtyLaA wESm SO 14 OIO ao w :!? " ) f w ? 0a 4f XJM lift. MMfTt8H"M -JJ Th f f f 4it 74 7ft 14 . . a. 4 . . .. a a . . 4W a 103 (Mt" .....i fc..... ...,", TJ ttiit paw..,..,,. K Vuao.. UmU Mull Crtmcy )tvrmnnt n r 1 jritt. 1 .rTh , .1.UV Ik! I ' y hankti e fa J'.T!-1 .., .1 . ,ml 1 11 intra jU fir WmMMHH (-. IB Tram . Hm T. . , H tt.11 tj... t JWSp.wW, 1 i rl, tt. 1 thl Z'imX' -- ht tutiu Ui KH.km Igf, llMaH f MHMsf (Bf flWMMflePfe tftXlil nmr mm Wurla Film iaaaej awva. awTPMfc. rpB wFiJ5m&WjWS GOOD BARGAIN WITH ALLIES NEW YOIIK. Oct. 1. that the bonkers of this country havo tho English and French Governments. New York Bond Sales nnft . High. Low. 1WO Am AgT 08 ...... ...102 10 , Atchison adj 4a .... SlU 8J-3 X.JSH -At.cM'on cv 4a 1033.. 01 01U WJ0O Uo cv 4a 11)00 10.IW 14 225 Mfm".n .E kla OT? '"H 2$S DaLl f- 01" SW" 1K$ ZO0O do 4a 87 Rlltfa 34(100 do cv 4Ha . S K C 205 11 & O Swn 3H . . ssg 87i 3000 Beth Steel 1.7 6. ' " im 102 24CMHJ do rfd Ba ..100 OBW ilflM Cent Leath lat 5a .aS M$ .WO Cent Pae ay, 83 m" 12000 do lit 4a 8VV. WSU ..2il!S c"t nn n j oa ...112 mS 183000 Chile Cop 7a ......... 122U no 8000 Cnea & 6 cv 4Ua.... 77 77 1000 Chea & O 4Ha........ isS 75S 2000 Chi at West 4s ". 67 07 lOOO CM & Nwn Ken 4s.... 02W 021. 82000 CM 11 & Q joint 4s!'. SOTS IMB, 1000 Chi n q deb Be"." Sb2 ci?. 100O CM II & Q Ben 4s ... 00 IS" 1000 cm n & q 111 8y.s.." ra'i saw 2000 CM M & P 4a." 8?V! 80A? 7000 CM M & St P cp DS...103 IMS 20000 Chi MB1P cv 4; io M 1O0O CM 8t P M & O Ba.' .103 ww uiev an Xaine 4Ha.. 200O Col & South l.t 4. 0000 Con Ga cv Oa 0000 Del & Hud 4a '10.' 2000 Del & Hud 4Ha.... 0000 Den & It a 1Mb... 12000 Den & It O rfd Be. 800O Den i It O 4a 3000 Den & It o Ba 81000 Dla 8ecur Corp Ba.. 12O0O Du Pont Powd 4Ha. B000 Erie gen 4. ..... . 2000 Erie conv 4. Ser A. 4000 Erie prior 4a : "WOO Gen fclee dh B . 02 . 87U .1172 .100 .100'i . coy. . 45$ . 71 '4 . wvl .103 . H . m . son 100 100(i 100O dnSIU TUI 1U1 R00O Hud & Man rfd B.". 72 000O III steel deb 4Ha;..:: 8711 ,2mo Indiana steel Sa..:".10 ft 1MX in Central rfd 4..::: 84 o?fi5 5n" Coi cv " WW... .1764 ?i5!52 'n,P ret 3d pd 6..178 83000 Interb Met 4Vi . ... .. 74t 1SO0O Interb It T fef M . 0B 3?2S 5n er Mf,r Mar Vi.... 7R ?2S?, V'tani Pper cvt 6a.. 70 6000 Jap new a B 4 Vis.... 7.1H .JJ0!! t,aPn 1" 4Wa... " : 76W 40J0i)0 Lacka Steel l?a 10S0 00 1000 Laclede Oae rfd 5.... 01)14 .JiJ" Jlte Sh deb 4a 1023.. 02t 3J00O Lake 8h deb 4a lail... 01 1000 Leh Val of N V 4!4a.. 08W TOon Llg & M T 7a ..IT. V.va 2000 Lorlllard 7. ...."hiou 2000 Louie & llMh'i; "? 2000 Manhatun 4a ....... 87 17000 Mo Kan A T 4a ..... 70S 2000 Mo Pao 4a "! S2V4 8000 Mo Pacinc cone 6.". 05 8000 Mont Power 5a 81 4000 N Y Air Brake cvt 6a, 102 10000 S Y C L 3Ua...... 7. 71 . 100O N T C a !l sUe.: , 79 180000 N Y C & Hud rta rct.lOOH fOgO N Y C A Hud 4a::.: 88 ,092 ?. I C Hud 4i. " 83 BOOO N Y City 4. 10J9.".; Bl8 jwno N Y City 4Wa.. IIIhftT' ilOOON Y City 4V4a ot.:.. 00 3000 N Y City 4H May 'S7.102K 2000 N Y Oa. H & ! e ,. sit! BOOO IN Y Oaa HAPS. ,1022 BOOO N Y N If A H cv 3V.a flsS 1000 N Y Ont A W let 4a.. 74VS 20000 N Y nwy adl 6a. ,. lo 1000 N Y Btate 4Vfe ., ."llOU 1I00O N Y Tel gen 4a .' or 300O N Y W C A II 4Ua " 77 800O Norr A We.t cvt 4We. 114 4000 Nor Pac prior 4a . oo! 23B0O Nor Tee gen 3a 2il 1000 Ore Short Una Ba... .IOV'2 13000 Ore A W H A K 4a.,. 88 SIMM Penna gen ct 4Ha..., 07 4700O Penna et 4He. . .... 101V4 3000 Publlo Serv N J Be ... 878 075fiO Hay Con Copper 6a... 121 BOOO Heading gen 4a ..,..,, 02 U 200O lteadtng-ler Cent 4a. . 02 8000 Itep Ir A S Ba 03 BOOO Itlo QrtW clt 4a. . . OU 740iiO Kock I.land rfd 4a..,. RIU 7000 Ilock I.land Ba 4M fiooo Itock bland rfd Ba.... 4W 6000 Seaboard A L adl Ba. , 6.1 llOOO South Dell Ba ........ 97 . UiOO South Pao col 4a,... t2 WOO Bouth Pae cr 4a. ... 82 50S0Q do ct ret t P Ba 1034 loot isorii. South Pao rfd 4. ... Rig 4060 Fouth Pao Term Ba 70 11000 Bouth Rwy Ken 4a, OtVA JH Houtti Hwy con B,. . 07K I1.i0 Texaa Co 1500 Third Ave adj 3a. . . ., .''! '.! 2HHO li B JlUDDtT "I.. . 0008U IT B Steel Ba,,.., ,,102 mw u B Qteel re 3... .102 J4V Union Pae lit 4a. , 82 lrrO Union Pao cv 4. . . 01 13009 Union .Pao rfd 4a,. 1. RU l0an Un Kwya B V 4a.. . 47fl 188A Va Car dun 6a...... Mti xie -Wabash let Be MM SOMkt -Wab Kqu ct ata 4a... IN BliKMi wab-l'ltta Tr 4a., , 17M ll.l do ev 6a Initf 4IO0M Wrat E M CY Ba w Ll3i laBg 181X Total aalea, H.664,ee, compared with 33, Ml.. CM yeaterdayt Ihu. far thl. week, l27.M9.008: un ptrtod lat week. H7.2.eJ, """ 1 JUNK CLEARING! pHiii 4y oowpara wl cone myOmlQQ fmw I8iw 1M4. Iiua EVENING LEDGEUPHILABELPHIA, FRIDAY, OOTOBEB New York Stock Sales Jyi.tcloee. High. Low. CIsk. AlMks (lold M 3J Ml. 32i Wi AUb-Cnalmers Mfg.. . 4(i 47K 40 70H 7li 72 MH mli 07M RS 8" 100 100 170 175 40 75 Alll-Chlmrt Ml. pr. 76 Am A Chemical KiX Am llect StiRat r0H Am Meet Sugar pf .... 88 Am Brake 8 & F tf . . 102 Am llralce 8 A F pt 11174 07). 83 100 170 05 Am Can 541 em 04 Am Can pf 108! 10SX 10S lOS'f I Am Ctr ft Foundry... 8J 84 82 01 150 11). JOH Am Coal Products I52H 102 152 Am Cotton Oil... km 57f MM Am lllde'AIxsathor. ... 12 V2H IIH Amlllde&Lpr 1 U, JOH Am Ice Securities 22V. 22)f 22 22 U AdamsEiprcss 102 101M 101M 101M Am Unseed 20 2.1 20)4 21J Am Llfjced pf 30 38K 30M 3) Am Looomotlre Ol)l( 70) (8 . 08H Am Locomotive pf 09J 09M 99) BOX Am Malt pf 29H 20hi 2(1). 20X Am Smelt AHcf R5K 87M 85 &5M Am 8m A. Itcf pf inSJi'lOO 108) 108X Am Smeltrrs pf A 87 87 87 87 Am Smelters pf n 81 81 81 AraSnurfpf lOOH 10S 103 103 Am btccl foundries.... 68M 05 50H Ol)f Am Sugar cflnla....108H MOM 108V4 103(4 Am Tel & Tel 123H 124 123)i 123M Am Tob pf new 110 UO UO UO Am Woolen 61M UMl Mi Mi Am Woolen tr 5H C1 60 50 Am Woolen pf DOK 00U 05 95)f Am Wrltlnz r pf 0 0 I) 0 Anaconda Copper 73J 74!f 74 74 AtchT&SF 103M 104f 103H 10W Atch T & S F pf 101)f 100H 100H 100)4 Atlantic Coast Line... 110H 100)4 100 100!4 llaldvln Loco 131U 132H 125 120)4 Ilaldwln Loco pf 113)4 112)4 112)4 11254 Baltimore & Ohio , 8D)( 88)4 H7H S8t Baltimore & Ohio pf... 7454 74). 74) ( 74)4 Bethlehem Steel 301 307 362 303 Bethlehem Steel pt 165 158)4 155 16SW Brooklyn Uapld Tr.... 81 Brummie!: Term C) Butterlclc Co 31 Butte A Superior 001 Cat rctroioura 20 Cal l'ctroleum Et all b3)i 83i 8.1'i 7 7 7 31 31 :u 01H 01 am 20 Wl 10!1 45 44 44 Canadian Pacific 169)4 100W 157M 157H Cent Leather Co 62)4 5JH Mn 52)4 Cent Leather Co pf... 107 103 107H 1074 Chesapeake & Ohio.... 5()H 50)4 60)4 60H Chlno Copper 47M 48)4 47 47J. Lhl Ut West pf 32H XiH 33 3J Chi Mil & St Paul b7 87)4 80)4 80H fhl&Northest 128 127J4 127J4 127J4 CbiKl&l'ac 23V4 24M 22)4 22H Colorado fuel & I .... 01 04 4 014 03". Consolidated Oas 129)4 131H 1214 131H Continental Can 119 120 117 117 Continental Can pf.,.,103 lOS'i 103V4 103!4 Corn l'roducts Uef .... 19H 20 19H 19!4 Corn Prod llcf pf 874 87)4 87J4 87)4 Crucible Steel 105 10UV4 lO.Hi 101)4 Crucible Steel pf 109)4 HOW 10954 UOH Cuban-Am bugar lis 118)4 118 118 Delaware . Hudson.. 14 J 144 144 141 Den A ltlo Grande.... 8 7 7 7 Den & ltlo Or pf U UM 10H 10V4 Distillers' Securities.... 32 34)4 32 33H Domo Mines 22)4 22H 22 2254 Electric fator Battery. . 75 74 74 74 trio 32)4 324 32V 32)4 trio 1st pf 6154 52)4 5154 6154 Krie2dpf 40i 40J4 40J4 40J4 Fed Mln & Sm 3154 33 32H 31 Fed MIn ft Sm pf 51 62 4S4 50 Hen Chemical 28954 291) 287 287 General Electric 174)4 1784 174)4 17454 General Motors 315 340 321 338 General Motors pf U4H 112 Ul4 112 Goodrich B F Co 77H 79H 774 77M Great Northern pf.... 12(1 U9; U9H UOH Gt N cfs f .r ora prop. 48'4 49'4 4SH 4854 Guggenheim Eipl'n... 0754 0954 07)4 0754 Illinois Cent 1064 105)4 10354 105)4 Int Agricultural 224 2454 2354 2454 Int Agricultural pf.... 4454 50 47 47 Inter Con Corp'n 20 20 194 1054 Inter Con Cor pf 73U 74 7354 74 Inter Met vot t c .... 20 19)4 194 19)4 Inter Nickel Co tr 214)4 215 210 210 Int Harv Corp GS 70 70 70 International Paper.... 1054 10H 10 1054 Internat Paper pf 40J4 3954 3954 39)4 Inspiration Copper.... 43)4 41)4 4254 4254 Kan City Southern.... 27 27 2054 20J4 Kan City bo pf C0J4 00 00 60 KrcsgeBSCo 180 185 185 185 Lack Steel 89 91)4 87M 83)4 Laclede Gas 102 103 102 103 Lehigh Valley 14054 14054 14.554 145)4 Long Island 45 45 4254 43 Loose Wiles Biscuit. 24)4 25 05 ma 54 02)4 4554 89 24M 05 06)4 62)4 92 43)4 67)4 25 03 00)4 54 92)4 45)4 87M Loose W Bis 2d pf . . Mackay Cos pf Max ell MQtors Max Motors 1st pt.., Max Motors 2d pf. .. Mexican Petroleum.., . 00 0754 6254 92 4454 8854 Miami Copper. 29 3054 29)4 30)4 M bt P & b SM 12054 120)4 120)4 120)4 Mo Kan & Texas 454 5 5 5 MoKan&Texpf 11)4 HH UK Missouri Pacific 3)4 3)4 3)4 Montana Power 68 69 68 National Biscuit 12854 129)4 123 Nat ICnamel & S 31 31; 30H UK 3)4 69 129 3154 92 07)4 15 150 08K Nat isnamel & a pr. ... 00)4 92 Nat Lead 60)4 07)4 Nevada Con Cop 14)i 15 02 60)4 144 153 08)4 90)4 New York Air Brake... 158 103 N Y N II & II. 09 09)4 07H New York Central. N Y O & West.... Norf ft West Northern Pacific... Pacific Tel ft Tel. . lenn'lt It Peoples Gas Chi... l'cttlbone-Mulllken l-hiladelphlaCo... Pittsburgh Coal ... Plttsburgn Coal pf. l'lttsburgj Steel pf 06)4 96)4 28). 28 28)4 27 114 114)4 113)4 11314 UOK 111 110)4 110)4 45 49)4 44 49K 113 11354 117 118 00 71 90K 97,-i . 30K 37X 103)4 100 U5K 11354 117 118 09 71 05 95 80K 37 104)4 100 9554 90)4 73K 73)4 07K 054 Pitts 0 O &StL 75 73K Pressed Steel Car 73 73! 72 72 Pullman Co 10054 100)4 100K 100K UybteeiSpg 62)4 51 51 51i Ity Steel Spg pf 01)4 95 05 95 Kay Con Copper 25 25K 25)4 25W Beading 15354 154K 153 153)4 Itep Iron ft Steel 63)4 65K 53K 55K Itep Iron ft Steel pf.. 102)4 102)4 102K 102)4 Itock Island Co pf ). 54 54 H ltumely Co 4 6 454 0 ItumelyCopf..! 8 10K 8 10 beaboard Air Line 15 15K 15K I5K Seaboard Air L pf... 30 30V4 30 30K bears Hoe ft Co 164K 154)4 153K 153)4 Sean Hoe ft Co pf... 12454 12454 124)4 12454 bloss-Shel 8 ft I Co... 02)4 014 02K 02 K Southern 1'aclHc 03)4 04 03K 93K bouthera Ity 18)4 1854 18K 18K Standard Milling 75 76 73)4 7354 Standard Milling pf... 81 81 81 81 btudehaker Co.. 14054 142K 140 140 btudebaker Co pf 108)4 108K 108K 108)4 4CJMU JSJ. .,,.,,,. .. Tenn Copper rtlrd Avenue. ....... Union Bag ft Paper. . Union Pacific Union Pacific pt.,.., V Hind Alcohol U Bind Alcohol pf.. U HCaitl P if... United ltyi Invest..., United llys Ins pf..., U Sited ft lief US lied ft Uepf... U S Itubber US Ilubber lltpf... 167K 169 168)4 168)4 6U54 0954 00)4 OOii . 67 67)4 50)4 67)4 . OK OK OK 6K .132)4 13354 132 132K . 81 81K 81)4 81K . 02 05 02 92)4 .101 101K 101)4 101)4 . 23 24K -.354 'Vi 2UK 274 20H 20)4 41 47)4 45 4)4 4 OK 5 40 4 6K 63K 4 5 60 64K 64 X 108 10054 100)4 106)4 u a meet ... 79K 81)4 70)4 81 U S Stool pf 111)4 115 114 115 United ClgarMfrs 00 61)4 01 61 United Cigar Mfrs pf.. 100)4 110 UO UO Utah Copper 70 70)4 09K 69)4 Va-CiroChem 39K 43)4 41 42 Va-Caro Chen, pf 108)4 110 UO UO Va-lroa Coal ft 0 60 08K 62 04 West K ft M 125K 132)4 125K 132)4 Western Maryland,. .. 29)4 30 30 30 West Maryland pf 46K 40)4 4054 46)4 Western Union Tel 77 77K 70W 76K Wheel ft LK24pf.... 3 2)4 2)4 2)4 WUIya Overland 219 221K 220 221)4 Wisconsin Central 35 35 35 35 WcoUorth WCo,,.,io 110 log llgK Woolorthpf.....v...12i 12IK 121K 121K yuoed ox dividend. Tbtal aalea. 1,672.000 share, compared with l,047,bO0 aharea yeaterdayi thua far tbla week. e,ovv.wjv iiwi wmu. pvriwi taai veea. e.ve, 200 -hare.. DIVIDENDS DECLARED Pennaylvapla Ucbtlnc Company, regular quarterly 1U per cent, on ureeWrred. navable ywr wii.. va vrveerreo. Vctouer . , .......1. . . M v t T- oner Becuritiea Corporation Oeneral, rwular quar twrly lVa Pr cent., on preferred, payable Oo tober ii to stock fit record October , u lu nut, w. iDiauii ...Mnnap ,. ZUc t New H Rertl -WBllb JCITT. to,, Oct. L-Tbe prlc. Tile? Mils ytm wwto r m $,wi, new record. 3y WOmimittmm ThmOm Cmpmmy New lOaitle a',lwr CaaMy, ",TO "" f s-9 1 FbREIGN EXCHANGE Tea, Bterllng Opening. High. Close. Cine. Demand ,. 4.1tV 4.72H 4 .72'. 4.7J Cable . ,. 4.72H 4.7S 4.71)4, 4.71H Franca Demand ., 11.76 8.76 6.7H B.77 Cables ..,, S.7S S.7S 8.75)4 8.76 Marka Dmeand .. y, t 4H J 84V. Cables .... 84 8IH StVfc 84 Sales in Philadelphia Yea. close. High. Low. Clo.e. 110 Allle-Chalm 47)4 47 47 200 Am Can (. 00 H 63)4 CO Am Oaa 103 104)1 101)4 1W54 100 Am Itwye .... 24 24 2354 MH 200 Am Car k Fdv. .. 33 M54 M 10 Am Loco MX 00)4 OOH H 71 Bald Loco ....M2U 130V4 128 128 0307 J O Ilrlll B2 (idH B3V4 C3 24413 Cam Btcel .... COU 70 OSS 08 200 Col luel 64)4 01 64H 632 Elc Btor 74)4 74)4 73 73 180 Erl 82)4 B2 82)4 82 1800 Oen A.p 83 84S 83V4 34 1123 do pref 70)4 71)4 70)4 71 300 Gt Nor 40)4 49)4 40)4 Bl Ine Co N Am .. 23)4 21 ZD4 W 123 Key Tel Co ... 14)4' 14)4 14)4 14)4 280 Lk Bup Corp . . 0)4 0 8)4 0 00 Lehigh Nav .. 70)4 70 70 70 23 Lehigh Val .... 73 73 73 78 J40 Leh Vol Train. IS'4 10 18 10 703 do pref 87 37)4 87 87)4 850 Miami Cop .... 28 80 20 20 184 Penna 60 60 B0 60 CO Pa Salt Mfg.... 05 04 04 04 788 Penna Steel ptd. 83 88 80 88 1100 Phila Co 48 48 47 47 20 do cum pref.. 43 44 44 44 288 Phlla Elec 23 20 28 28 10 P It T 11 12 12 12 484 do tr ctfe 12 12 12 12 10 nwy S 8 62 62 62 1140 Hay Cone 24 20 23 23 200 Heading 70 70 70 70 20 Bo llwy 18 18 18 18 140 Ton Belmont ... 8 3 8 8 103 Ton Mining .... 6 8 6 6 100 Utah Copper 70 70 70 470 Union Trac .... 41 41 40 41 470 U Q I 83 83 83 88)4 17873 U S Steel 78 81 70 81 200 Vlrg C C 41 41 41 803 Warwk I & 8.. 10 10 10 10 200 West El-0 05 03 03 Ex dividend. Total eales. 63.402 aharea. compared with 43.B03 aharea je.terday: thua far thla week, 371,000 aharea; last week, 814,434 share.. BONDS. Last prev. aale. High. Low. CIom. tlOOO Am O & E 8a.. 80 85 80 86 0000 llald 10 l.t Be. 103 103 103 103 778 Cam St acp '10.100 100 100 100 775 do May 1017. .100 100 100 100 773 do Feb 1017... 100 100 100 100 1000 City 4a 1038 reg .. 101 101 101 4000 Elec & P Tr 4a 74 73 74 73 2000 I-eh V gen 4a. 011 100 100 100 20000 Penna gen 4a. 07 07 07 07 1000 Penna con 4..103 102 102 102 7000 Phlla Co cona 6s 83 80 83 80 2000 Phlla Elee 6a ..102 101 101 101 1000 Span-Am I 01..101 101 101 101 30000 Un Rwy Inv Ca. 74 74 74 74 Total aalea. 87,423. compared with $32,713 yesterday: thua tar thla week, $..84,34.1; last week, $180,020. MINING STOCK QUOTATIONS TONOPAH STOCKS. nid. Aeked. Jim Butler 78 .70 Midwav 11 .13 Mtzpali Extension 20 .21 Montana 30 .81 North bur 10 .11 Tonopah Uelmont 8 3 Tonopah Extension 2 2 Tonopah Merger 84 .80 Tnnopan Aiming on r Weil End 00 .02 GOLDKIELD STOCKS. Atlanta 20 .30 Blue Bull 0.1 .04 Booth 43 .43 Bulldor 02 .03 Comb Fraction 07 .on Dlamondneld B B 05 .07 Daisy 04 .01 Florence 45 .47 GoldHeld Consolidated 1',. 1 Goldfleld Merger 18 .20 Jumbo Extension 1 l'i. Kenanaa 3 11 .38 Oro 07 .OH Sandstorm Kendall 10 .11 Stiver Pick 07 .10 MISCELLANEOUS. Fairy Aitoc 01 .03 ICIrnbcrly 03 .05 Nevada Hill 17 .10 Nevada Wldener 1.33 1.40 Ex-dlvldend. LIVE STOCK QUOTATIONS CHICAGO, Oct. 1.IIOOS. Receipts. 18,000 head; markets, steady. Mixed and butcher., f0 00JS.10, good heavy. $0.7538; rough heavy, $0,603(1.03: Tight, $7.2S8.13; pig., $0.1007.25; bulk. $707.00 CATTLE Recelpta, 2800 head; mark els, weak. Beeves, $5.28(110 25; cows and heifers, $3.2.19 8; Texanj. $0.7568.40; ralvea. $9.30311.30. SHEEP. Receipts, 10.000 head; markets, weak. Native and Western, $300.10; lamba, $8.2380. t DROP IN COTTON NEW YORK. Oct. 1. Business wa restricted on the cotton exchange at the opening this morning, there being apparently a disposition on the part of the traders to wait for definite newa from the south on the storm. The under tone waa irregular, October advancing 18 polnta on the call, while the other options were one point lower to three points higher. There wai somo profit taking after the call, but the buy. In waa sufficient to sustain the market. Prices broke aharply later on rumora of a wide open drop In the New Orleans market. It waa said the exchange then had been rloxed. Decline ranged from 40 to S2 points, but feerlh rallies followed and much of tha loss has made up at the close. Yes. Open- close, ing. High. .,,12 81 12S.1 12.30 ...12.13 12.22 12.24 ...11 B. 1I.IH 11.115 ...12.0A 12 00 12 ret ..,12.70 12.70 12.78 ...12.77 12 78 12.78 ...12.00 12.00 .... Low. Close. January ll.KI 12.23 December ib 11.70 ll.ns 12.10 12.35 12.40 12 0S 11.20 12.52 October March . . May .... July, .... Spot ..., iz. rt 12.71 September Municipal Bonds Bales of municipal bond Issues In the United State In September aggregated $21,213,000, compared with $20 087,800 In August Uni li,iu,wim (September, 1314. acordlnx to tha new Yoric journal or commerce. For nlns """iHM ,.,:lyw,,' ,he ,otal '" re given aa $381,041,800 compared with $390,437,488 In th corresponding period of 1914; """" " DIRECTORY OF ACCOUNTANTS Certified Public Accountant. UA.WIUSNCE K. BROWN CO. 181B IlEAt. EBTATB TRUST BUILD INO , DIRECTORY OF ACCOUNTANTS Public Accountant . t N. B. BERQMAN rhone Lombard 3530. u Walnut at. HEAL ESTATE ITOB SAXE LAKEVIEW HEIGHTS, N, J. LAST DAYS ! AUCTION SALE LAKEVIEW HEIGHTS ! a ..To4a-' n tomorrow after that your oppor tunity Is gone, lluy at the littlest figures ever ueHeu i or real estate, ana pa in two years. UjUeylew Heights Is only 10 miles from CarnderT, on Almones.on Lake. Has houses, streets, stores, churches, school, trolley through property. Hundreds have bought In the past week and the clean-up begins louay un some or me cnoicest i.bc..ib wearing yenow images. i:o Chestnut street wharf and get. free Octets for car leaving Camden at rnlnutei Sli...i.,Not. ..". '"." to Iy and sharo in the Vis" ut,&tu.xSom'. ptSsyltor,,'IMr you buy DYKMAN-NORRIS CO. 1011 Chestnut Street MONEY MARKET UNAFFECTED BY MONTH-END FINANCING Usual Flurry Failed to Appear Pennsylvania Earn ings Showed Marked Improvement in August. Brill Jumped Nearly 10 Points. ' The end of the month paened without any of the customary monetary flurry ao apt to occur In the autumn when money la needed to move tho cropa. Notwith standing tho great activity In the mar ket, the big expansion In Industrial trade nnd tho paying oft of no less than $86, 827.000 Pennsylvania Itallroad 8V4 P" cent convertible bonds, to aay nothing of the big dividend nnd Interest disbursements, the new month set In with scarcely a ripple In the money market. The unwonted stability Is attributed In part to the henvy accumulation of gold In this country as a result of the record breaking exports to Europe, and also to the operation of tho new Federal Re serve Dank system. Today broker wpre being offered all the funds they wanted on call at 314 per cent., nnd In somo cases even lower figures were quoted. Time money was Just a shade firmer than of late, but tho chango was scarcely percentlblo. The August report of the Pennsylvania system went far to bear out the state ment mado In this column yesterday, that local corporations wero feollng the return of prosperity. The total receipts for the month were $31,769,896, an Increase of 9G,078. The July gain was some what larger, having been J1.132.3S2. The reduction In expenses, producing extreme ly favorable net earnings, continues to Do a feature, the Increase In the net figures for August having been tl.213.729. The Financial Briefs The board of managers of the New York Cotton Exchange requested im Government to postpone the Sinning re port until Monday on account of the dis organized wire service duo to tho storm. According to Bradstrcet'a exports, of wheat this week wero 9,031,000 bushels: lost week, 7.738,000 bushels; last year. 9,904,000 bushels; since July 1, 00,821.000. year ago, 95.0S6.000. Corn shipment" i this week. 116.000 bushels; last week, 179,000, last year, 218,000; since July 1, 3.S0S.OO0. year ago. 1.102.000. , The Missouri Pacinc annual report showed a deficit of $1,240,516. compared with a surplus of $74,692 In 1911 and $1,562,731 In 1913. The activity on the New Toric Stock Ex- chango spread to the curb today, ex change traders pushed and Jammed In a dense throng In Uroad stteet, wildly shouting orders. Italn poured down, but there was not an umbrella In tho crowd. Such frail objects hadn't a chance for life. Many of the curb traders wero hat less. Galleries to the Stock Exchange were closed, George A. Huhn & Sons bought General Asphalt, while Klemm & Keen bought Rapid Transit. The Giles cotton report estimates con dition on September 23 as 62.7 per cent., against 66.4 per cent. September 10, 68.4 a month ago, 76 5 last year, and a 10-year average of 68.8. A rJiw Tork Stock Exchange seat sold for $62,000, up $2000 from the last previous sal?. For the three months ended August 31 the Tonopah-Belmont Company showed a total net Income of $226,864, against $347, 453 In tho same period of 1911. The report of the Gulf and Ship Island Company for the year ended June 30 showed a gross decrease of $363,928. Net earnings fell oft $101,514 nnd the surplus was $206,476, a dcrease of $63,205. Philadelphia a Laggard WASHINGTON, Oct. 1. General banking; and trade conditions showed an lmproement dur ing the last .'10 daya lir nine of tho 12 Federal Re.erve district of the United States, accord ing to a atatcment of the Federal Reserve Uoard today, based on report from banks throughout the country. ... . Only one Philadelphia reflected an actually resslmlttlf outlook. Conditions in the Kansas City and San Francisco districts, though show ing little change, wero encouraging. Philadelphia's domestic business wa reported as dull with a a poor outlook. Offering of hlgh.grade commercial paper are not large, ulthough the demand is heavy. War orders are good, but other business not noteworthy. Coal mining la reported unsatisfactory. NEW YORK BUTTER AND EGGS NEW YORK. Oct. 1. BUTTER. Market waa firmer: recelr.t, MOO packages. Extra. 28 28ic: higher scoring, 28Ke20Hc.: state dairy, 27B2H4C.; Imitation creamery, 22H023HC EGGS. Market, high grades steady; re ceipts. 814M packages. Extra firsts, 30.12c: first., 2Tff20c. ; nearby whites'. 40348c.: mixed color, 27034c: refrigerator firsts. 24',. 4r23c. ; nearby browna. asg.TQc. BAR SILVER LONDON, Oct. 1. The price of commercial bar allver advanced H to 28! pence today. HOUSEKEEPING APARTMENTS GKIUIANTOWN jfairfax rlpartments MRKI'ltOOF IlUIUlINa (IN OERMANTOWN) WATNE AVENUU AT SCHOOL LANS ultcs of 7 and 8 room and 3 bath. Solarium covering entlr house. liald sarvlc by the hour. El.vater, II. J. JOHNSON. 80S Bailey Bulldlac. REAL ESTATE tfOBlBAXE LAKEV1EW HEIGHTS. N. J. iota on the place. Meet 1. 1915. heavy freight movement on nit classes of trafDo and Including specially bituminous coal and coke continues, and there have been no Idle good-order cars on the Western part of the system, Recondition which had prevailed on tho Eastern lines previously. PAssenger trafllc Is Improv ing more slowly, but there was nn In crease In August on the Pennsylvania Itallroad proper. Heavy buying of United States Steel was a feature of the local trndlrig today. the stock crossing 80 as a result of further J advances in steel prices, t-nmona mcc. was also In substantial demand, and so was J. O. Brill. Pennsylvania responded moderately to the favorablo August re port, nnd Pennsylvania Steel preferred recovered yesterday's decline. Expecta tions that activity might develop in United Oas Improvement n a result of tho entrance of E. T. Stotesbury on tho board wero not fulfilled, but the stock ruled firm, as did tho General Asphalt Issues, Tho Philadelphia Company group did not continue yesterday's show of buoyancy, except In the case of United Ralljvny Investment Es, which were again In nctlve demand. As tho day advanced Brill extended Its rlso to about 11 points, crossing 63. The General Asphalt shares also Improved sharply. The rise In Brill revived the talk that It would be taken In the ru mored merger of Independent steel com panies, but others said It was merely duo to largo orders and Increased earn ings. NOTICE We are in the market for Tax Free Mortgage Bonds of dividend-paying railroads at prices to yield 4.50 or bet ter, and in lots of not less than $25,000. No offerings will be considered unless they mature before 1923. EBWARO &3MITH1&.C BANKERS RttOlD AND CtlKST.NCT PlIlLlDELPnU SIS. 30 Fir.E Street Nlw Toss Financial Position OF Great Britain and France The financial position of Great Britain and France is set forth in an interesting way in our current issue of "Trend of the Times," which also contains partic ulars regarding the Anglo-French loan. A copy of this pamphlet will be mailed upon application. Ask for Trend No. L. 40 A. B. Leach & Co. Investment Securities 115 South Fourth St., Philadelphia Phone CHICAGO NEW IOHK BUFFALO MERCHANT & EVANS COMPANY Announce the Removal on January 1st, 1916 OV THIS PRINCIPAL OFFICES AND CITY WAItKIIOUSES OF THE COMPANY From 517 Arch Street To Its New and Enlarged Philadelphia General Office, Manufacturing and Warehouse Plant at 2019 to 2035 Washington Avenue The Arch Street office and warehouse quarters nmmi.,1 . . .. by the company, havo been completely outaiown and a ron.t.-.ia lfretJ.mnJr 1"" haa made imperative provislona for moV. .w' ..a 2n.Unt,'r xPandln business heavier and arrowlnar tonnare ha. r.n,,i.. 11.1 f.rllltfa TKAaa. Hn..l.. ... a" -..T nal facilities. mMsBs: ture for additional plate manufacturing- resulted In the determlnat on to con.olldat"tha Offlee. J3 Ai.J" llns J 101:.TIha;a Philadelphia factory In a sreatly enlanred l ,1 w t,CI ' warehouse with the 20,V, !S .w"2f "Mr'iSi .n.xTeV.honfE JiMSalX. SEP" Merchant & Evans Co. will next Important business Interest In tin Dlat. -.u" it manuratturea and and all-metal Fire Doo?i iVi, ,S.11'.'" car trucks, extensively employed by the bet known i,,pec,a.""" Jn P"1 toT mot" modern machine shop! , M&$&hi&&S$S SeW'tneVha'Sial'Se." 0"raU' prompter and better aervlc. fo? .11 cmTnr.,y",,,rele,, ',0Ck n" F.T. CHANDLER K. MENDENHALL L.E.WABINQ gHANDLERBROS&go. aa Dialer efna... ta-e 84 PINE 8TREBT NEW YORK MENT OF NhI KOHFI. a! OHSXSfou0'" VBumuui ?SiSer Me Ne itcSSSHSf f TRADE CONDITIONS SHOW IMPROVEMENT In the local cotton trade condition are reported aa being more satisfactory than for some time past, according to It, q. Dun A Co. Dealers in cotton yarns re port they have more orders on hand than for some time past, although the local business Is somewhat dull, orders being principally from out of town. In some cases dealers report they have good or ders from South' American firms. Local knitters and weavers report that, while they have orders on hand, they have oeen unable to obtain the work from their dyers owing to lack of dyestufts. Collections are good In most quarters and n good feeling appears to prevail among the trade generally. The wool market Is still quiet and there appears to have been no material change during tho past week. The market appears to be less' than a week ago. and holders appear to show a disposition to make some concessions In order to make sales. Tho mills are well supplied with raw material nnd do not ppar to be dis posed to buy ahead. Business in terri tory wools has been quiet We Recommend THE PREFERRED STOCK Of the Atlantic Power & Light Corp. at 95 and dividend for the following reasons: It yields well over 7. Stability of earnings is demon strated tfy its history. The territory served ts experience ing unusual increase in pros perity. Efficient management has per mitted steadily improving service to the public at re duced rates with accompany ing increase in earnings. The dividend has been paid continuously and latest full year statements show it earned three times over. The purchaser has the privilege of buying at a low figure a limited amount of common stock upon which the company is earning 20 of the market price. Send for Circular No. 71, containing complete information. William P. Bonbright & Co., Inc. MORRIS WISTAR STROUD, Jr. ' Manager 137 CHESTNUT STnEET PblladelpbU New Tork Doston Detroit London i William P. nonbright & Co. Tarist nonbrleht & Co. Lombard SS7. BOSTON LONDON, ENO, BALTIMORE f..l: ,'"".."'" accommodation, and ". ." "-"" knrt m.,.iV . "- oth annlveraary aa an ,I - n, - UIa?.c "APProv.d" Automatlo Sprinkler. order, thin In fh.'.. 'rt.1""". "'" '""& t.rTcorin'. A. J, LEONARD 1JJ8 OHESTHUT STREET PHILADELPHIA fICB UNDER THK MANAGE. " OTHER 6TCCK EX- Ciumij!xBioSjbsa KHANCK OmCJWl LAVKKL IN THK I-INIW LAKKHOttl), X. J, NORTH MAKXBT WMJAHH mujA , 9m, mammmmimTa, i ii il
Significant historical Pennsylvania newspapers