14"
EVENING LEDGER PHILADELPHIA, MONDAY, OCTOBER 4, 1915.
FINANCIAL NEWS
.WEEK STARTED WITH CONTINUED
DEMAND FROM THE SPECULATORS
Many New High Records Established by Specialties.
War Stocks Reacted Late in Day While
Railroads Became Strong
NEW YOnK. Oct. .
Th wck In stocks opened with speculative cnthuslnsm unchllled. Again
brokers specializing In the war stocks had business up to their ability to
execute the orders. More than 400,000 sharei chatiRed hands In the flint hour
alono. Westlntshouse and Can common were the most active and strongest
of the special stocks. Wall street report hns It that both companies are assured
of largo additional war orders as soon as the money on the Anglo-French
loan la In bank. T). a. Held, of the American Can, Is said to have come for
ward handsomely In il subscription to the war loan nnd to stand in high favor
at the Morgart olllcca. '
Tho bull argument most frequently heard related to tho wnr stocks exclu
sively. It dealt particularly on tho success of tho Anglo-French loan und the
assurance that enough funds will be at tho disposal of tho Allies, whatever their
resources fOr other purchases. Wall street Is keen to hear tho list of Individual
subscribers, for It Is naturally felt that this list will point to tho companies moit
likely to receive tho big war orders.
It wan announced by J. P. Morgan & Co. this afternoon that the subscription
books for the $ou0UU0,000 loan will be closed at 10 a. m. tomorrow morning,
en earlier time than had been anticipated. The early closing Is duo to heavy
subscriptions over the week-end, Tho nmnunt of the subscriptions has not been
tabulated, but a largo oversubscription Is assured. Many of the largo subscrip
tions will be scaled, so as to accommodate small Investors.
The London market for Americans was heavy, with losses In most of tho
International rails before tho New York opening. Foreign selling of securities
continues, and the effect Is still noted In the market for seasoned securities.
In the continued uplift of the specialties on the exchange many new high
records were established, most notable being liethlehem Steel, which bounded
MP 24H points. General Electric also reached a new top, over seven points above
tho final of Saturday, as did Wlllys-Oveilund, which at ono time showed a
rain of 13 points. Westlnghouse Kloqtrlc touched a new high mark, but lost
some of Its gain. Lmrlng the morning little attention wns paid to tho railroad
shares, but when It whs announced that the subscription books for tho huge
Allied loan would be closed tomorrow It was a signal for demand for those
Issues, and the majority of the group became strong, being led b Heading.
Late lu the day specialties reacted under profit-taking, while the rnllrontW
remained strong.
Tho rapid upward pace In the stock m.irket, especially In the war special
ties, which has been going on vlrtuully unubatcd for tho Inst 10 days or so,
calls for consideration as to whether the market Is moving upward too fast.
The consensus of opinion Is that t Is and that a halt In the upswing ut this
time would be beneficial all nround. The rapid strides which prices have mndo
toward higher levels have not been general throughout the list, the leading
standard Issues, such no the big railroad shares and others of the more stable
type, coppers among them, have been lost sight of in the urgent efforts of
speculators to secure the specialties.
International Nickel Stock Dividend
At a meeting of the International Nickel Company directors this afternoon
stock dividend of 10 per cent, was declared on the common shares, pa.vable
November 1 to stock of record October 15. It was explained this was In
addition to tash dividends. The usual quarterly preferred pavment was also
announced.
GRAINS ADVANCED
IN CHICAGO MARKET
Large Receipts Rapidly Dis
posed Of Less Demand
for Oats
CHICAGO. Oct. 4 -The grain market at
the opening today appeared to bo well
supported and opening quotations com
pared favorably with those of Saturday's
closing. Scattered commission lioune buy
ing In the early hours held prices firm in
wheat.
Bears and bulls are about equally di
vided. The former, viewing the record
breaking crop and the difficulties in get
ting orders to Entern and European buy
ers, predict an early decline. Bulls are
confident that an" early adjustment of
eld difficulties will bo effected and tho
consummation of the Anglo-French loan
will Improve tho foreign demand.
Tho market In the early hour was ex
ceedingly dull. Trading was light and
th changes In prices were confined to a
narrow gauge. At the end of the day
December was up nearly 2 cents and
May ltt cents.
Receipts are continuing In large quan
tities, but they are being disposed of so
quickly that hardly any Increase In stocks
Is noticed. Corn Is entirely a weather
proposition. So far the crop has been
greatly benefited by the continuity of
Warm weather, and each day the frost
hOlds off adds millions of bushels to the
harvest. The present prices are such
that Argentine corn s knocked out of
competition. '
A falling oft in the demand for oats
has caused an easier feeling. The un
dertone, however, Is firm.
Exports from North America for last
week totaled 9,112.000 bushels of wheat,
of which 1,144,000 bushels went out as
Hour, IM.OOO bushels of porn .and 2.008.000
bushels of oats.
Light receipts and Inadequate shipping
held the Liverpool market steady. 8pot
and cargoes were strong and well supported.
Leadlnc futures raniea ronowe;
Wheat Open. High.
December ., VV tu ,
May S WH
com tnew Qtinrr
Sat'd's
Low. Clou, close.
tau
oc
w
3TH
Ocior-dr
December . .
May
OaU
December . .
MLU- -
October ....
November ..
January ....
wds
October li
January , ... 0.03
Pork
October ..... ....
December ,.U10
January .. .lflSO
llld. tAsked.
B9
K)
83H
88
3M 800
0.00
9.10
13 T2
18.57
OI1V4 ')6 Wfc
07$ MK 10
TK MV4 50V4
63 'UK '33(4
ttlM MTO 31H
3VA '31 'HU
,.,. "S.35 8 27
.... 45 .
8.T7 18.00 8 80
S.T2 10 00 8 83
8 3 0T 8 03
.... ata 'mso
1S.ST 18 72 13.A2
10.22 18.67 18.13
Sales in Philadelphia
600
21
t0
3000
170
m:
202SS
10
no
B47T
2.
loo
4X
3
100
3
'00
12(X)
23
3
100
138
33
71
$M
142
40
1S71
100
75
ST13
30
7
300
30
110
100
460
138
100
140
101
tftt
2SS1
7
201
10
IKK)
100
Sat. close
Allla Chalm . 47',
Am Gas I&t'i
Amcr Loco .. 70'i
Am Car &. Kdj . .
liuf . Sut c pr 4I
J a Drill
Cam Iron .
Cam Steel
Cent Leather
Col Fuel ..
Wee storage
Erie
Erie Ut pfd
Ot Nor Ore
Gen Aephalt
Gen Aephalt pfd. 7115
Ins Co N A . 2T,
Insp Cop ....
IJke Sup Corp
Lehigh Nav .
Lehigh Vat
Lehigh Val Tr
do pfd 38
No Ctntral. ... 8J14
Miami Cop . ...
Fcnna n It.. . .W4
Perna Salt Mfg 0V4
Penna Steel .. 40'j
do prcf ...
Phlta Co .
do cum pt.
I'hlla Elec ...
P It T tr ctfa
Phlla Trac
Ilumely
Ray cone ...
Reading . ...
So Rwy .
Tonopah Helm
Tono Mln
U 8 C I P A V
V S Rubber..
L'n Trac ... . 4 J
United Gaa Imp it
V R Steel 81
do pref .... IMS
Warwick Ir A 8 WH
W J A Seaihore 40
Cramp Sona . KiK
York Rwy .... 8
OS
. 41
tii'i
7V4
32
34
01
7d
T21.
18?
. So'
47k
, 441,
23Vi
. UV,
. 70
. 25,
. 7liv,
. 13IJ,
. 3
Z
High
47',
ion
7414
07
42
70
44
hfl
S3
HI',
7BV4
32",
S.'
4SI,
.14
71
i,
42V.
0',
7,
72',
18',
.18
M
.".-'V.
00',
00
08
47
44
Sot,
it
70
"Vi
214
76
18",
3",.
3V4
IA)
511
41
Ml
SIS
in?,
ioy,
40
80
Low Close
47', ',
105 10",
72S 72'.
nit; on,
41 42
04 01
44 41
Wi'i G7'j
3.1 33
Wi t0'
74 7B
:.2V, 3.",
:,i 32
45 4'.',
31 31
71 71
2-l'i 2.1'S
42'. LU,
8', S'fc
711', 70',
2 7")
IS', 185,
38 38
81 h.
U's iiS
3ti' Mr,,
UtiV, .'0"j
l)U IKJ
ut to
47 47
41 41
20'j .'I',
12V4 UVa
711 7U
54 '-'J
2",'4 2Tj
7U'i 70
lsy, wi
6S oMi
30 M
53X. S3i
40 II
(O't Ml
M)', Ml',
in'4 ni'
i ov, 111),
40 4'l
N7H 81
HS .
BIG GAIN IN BANK SURPLUS
Local Institutions Report Nine Million
Gain in Reserves
An Increase of 10.103,000 In surplus re
serves was reported by the local clear
ing houre banks today Individual de
pots increased W.tSlMO. Loans also
expanded moderately. Details follow
Oct 4 '13 Increase.
Loans ...1437,028,000 Il.lZI.uiU
Depoalta (inOIVIOUail .. w, mu,wi Zl.eai.iniu
rlPLUlatlon
T)ua from bank!
Depoalta of banks.
Kx. Clearing House
Reatrrt held
RaeerY required
purpiua
11,070,000
7.0ui
A1.314.00O 4.133.0HU
150,272,000 l.klS.UU
2fl,7S3,000 1I,U20,UUI
140,764 000 11.U1.UUI
7I.4MOOO s.nraooo
rO.2T8.000 V 20I.0UU
aiirolua under old form October 8, 1DU, lia-
S4 960, October 7, 112. 7,0rtl 000. October
2 1011. tlt.200,000, October 8. 1'JtO. $,J11.73y.
Deere tf.
BANK CLEARINGS
lle'nk clearing, ' today compare with eorre
Hdm, day tosjjgo ",,. ,913,
MaUew . po."pi,ti t? 1 t aw gn.y 4W
VaOZb ,, , 24.704.OTS 17.1W12I 1S6.V2.W0
fteaic York ,A,M7.! 304.8J0 M4 210,4:7,851
RATES FOR MONEY
Call. Tim.
Vfaw iYAi .
NttW faVHt ftfMiHIUM Hf
f4 t'4t ",-.
,, 0)V't
$,
ri 4per, thrM to i monthi. J'h.U
f ik rtm.
LIVK 8TOCK QUOfATIONS
CeUCJkOO. Oct. 4.ltoarJ.-Hecelpts. 17.000
Maf Market aerie,
1 Mltaaerr. 8M.MMOI.li; fooJ hea
r!Swir Miivm.9 light.
A gut eailvTia twn, v4U.a
and
heavy, 7fK.zti;
l.riVO.
Ml led
l
110
03.
u. (S.I3W10-2O! cows
ilig.i
market iOo.
U-Wi
Total
103,229
uooo
31
100(1
180011
5000
1000
4000
lono
450C0
1000
38000
472
1000
bOOO
4000
sales. 42.331 eriarei,
ahares last Monday,
BONDS.
Last trev.
sale. High
Am Gas it B 3a. 87 87 H
Cam Pt scp '16.1(10 101
I'qu HI Gas Ss .10514 103
Lk Sh deb 4s '28 . . 1)254
L Nav ens 414s. 09', 0014
l Val gen 4Us.,l(0 100
do 4a 87b
Pco pass t o 4s. 7RV4
I'enna gen 4H.. 07K
do cons 4s '4S. 07
Phlla Co ens Es. 87K
do scrip 1010 100
Phils. Kleo Be ., 101V4
Reading gen 4s. D2Vj
Va Hy Inv Sa... 74
compared with
Low. CIo.
87 87
101 101
10m losi.
021, ii.i,
8714
70H
07 4
08
87K
100
102
02(4
74
OO'i 1K1V4
100 ion
87H 8714
7814 70V.
7H D-.U
os pa
87
uo
102
87
100
102
02S 0214
73 73
!l M1"' MIS.BOO, compared with 150,29:
last Monday.
Local Bid and Asked
Baldwin . ....
Bun & 8us t o ,
do pref . .
Cambria. 8tte
Klrrtrlc Btorsge
Uentral Asphalt
do pref
Key 'Tel
do t e ,. ,,
do pref , ...
Lake Hup Corp.
Lehigh Nav ...
Lehigh Valley
Leh Val Transit
do pref . ..
Trnna
I'hlla Kle
I'hlla Co
do 3 per cent
do 6 pr cent
Phlla It T ...
do tr ctfa ..
Reading
Tonopali Belmont
Tcnopali Mining
L'nlon Tra.'lloli ,
rnited ( as Imp
f S lel ... .
rork Itw
do pref ....
VMi Cramp t e
pref.
pref
.JT?d'. Saturday
Bid. Asked, nid, Aked.
sil ??fJ 8
7i 73( n 74
11 7114 Tl 7111
J4 14JJ 14 li(t
14 14 14 14
Oil 87 00 07
814 0 0 8V4
75V5 704 70), 7tl2
72 pZ 72tJ u
18(4 18j 18 is!;
88 S8VJ 81U S8
8l SB',, 601 50V4
23(, M S5 J
40' 47 47V4 48
88 40 38 40'
4 1 44 41U 44
l-'ll 121i 1214
i'-'(; 121, mi u2
7iiv, jivZ 7111 ; 7n2
3H :iji sh -14;
4 4 & M
KYl m 8J Ml
"M . "I "4
211U !;ol4 V'li Ai 14
Hi 8J ' M 83
HEADS FIDELITY TRUST
William P. Gut, wlio baa been lce prealdent
of th Ktdellty Trust Company for many years,
aa today elected president 10 succeed Ilu
dulph Kills, deceaaed. Mr. Oeat ) the son of
John n. ilest, who was former president ot
the company
BAR SILVER
NKW TOrtK. Oct 4 -The price or com
ir.irclil bar sliver today was t9 with Mexican.
OblUrs at 8&H ents. v
New York Stock Sales
Last close
Alaska field M 32)4
Arile-Chalmers Mff.... 451.
Allle-Chglmen lift pt. 74)4
" AjChemleal fl9
Am Arr Chem pf ... 07)
Am Heel butat U6U
Am Beet 8uar pf 88
An Can 65
Am Can pf , 108
Am, Car a FounJry .. 05
ArwcarJtFdrpf .. .116
Am Coal Products 157
Am Cotton Oil 60
Iflgh. Low.
32H 32)(
MIMtCTfMY OK AtXPNTANTS)
ruUU AreoMlanls
11)4
60
23
'tl
'SM
71U
Am Hide ft Leather
Am Hide A Lpf ....
Am Ice becutltlM....
Am Linseed. ... ...
Am Linseed pf . ..
Am Locomotive
Am Locomotive pf-.-Am
Malt
Am hmelt ft Itcf 854
Am bm ft iter pr .
Am Bteel Foundries
Am Sucar lteHnlat
Am hugir Itcf pf .
Am 'lei ft lei ....
Am Tobacco
Am Woolen 6JU
Am Woolen tr fil
Am Woolen pf CO
40)4
a
72
05?
0GU
83
08)4
103
OS
115
15H
69)1
104
50
'.'3)4
22)4
38
7H
ibH
73H
08
05)4
r-4.14
83
r
107
00
115
ClM.
32M
45)4
73)4
08
9tf
MM
83
04
107
00
115
164X 151)(
MK 57)4
00)4 100
0i 74
87)4
11)4
474
23
21
37'f
70
09!4
04
85
11)4
4714
23M
31
37)
70H
00)4
014
80)4
108)4 10S54 103) 108)4
01 07 04 01
IUS'4 IOS'4 108V4 I0J)4
110 110 no no
,ViAt i I2JJ4 12
228 228'i 22'))( KS'l
Anaconua Conner. .
A wets lleallzation ..
Atiti I isr
Alcli T ft S K pf .
Atlantic Coast Line .
lialdnln Loco
llaltlmore ft Ohio .
lialtlmore ft Ohio pf .
Uetnlehcm Mecl
liethlehem htccl pf
llrooklvn Itaulil lr
llron Shoe pt. .
Ileum IcK Term... .
lluttcrlck Co
Ilutteftduperlot. .. .
Lai Petroleum
Lai 1'etroeum pf. ...
Canadian Pacific ,
Lent Leather Co .
Lent Leather Co pf ..
Chesapeake ft Ohio ..
Chi It I ft I'ac . . .
Lhlno Copper . .. .
Chlcaco tireat West.
Chltil West pf .....
Chi Mil ft fttl'aul .
CMftSjtl'pf. ...
C C t ft St I.
CLCA4ll.pl
( hi ft .Northwest .
Colorado niel ft I
(.omstock 'tunnel .
tonxilualcil Uas
Continental Can
Corn Products Kef .
Corn l'rod Itcf pf
Ctuible bteel
Ctucllile Steel pf .
Cuhan-Am huear
Drcer ft Co pf .
Dlstliliri' securtllos .
Dome nines . . .
Llectrtc Mor Battery
trie
Ltle 1st p(
Krle 2U pf . .
ted Mln ft hm
hed Mln ft sm p( .
Lcneral Llectric . .
General Motors .
General Motor pr. .
Goodrich 1 Co .
Great Northern pf
74
5
51
HI
00
71)4
0
Slf
60)4
08U
72J4
6H
61
50)4
00
72H
(I
.law 104 lam ioii
.100 100)4 100 100
100 no no no
.128)" 127 l-iJ)S 121)4
. h8 hhS 874 7h
. 74i 74M 7t 74)
300)4 375 5UO
104 10JM ltU)4
.375
.100
. MVi
84
. 7
. 35
. 00' 4
. 20
4(1
84
85
7'i
30
01U
2-
4(1
84
85
7)4
3.1)
01
10'i
4.i
M
85
7)4
:M
bO
20
40
1574 IbOU li7)4 159)4
5.1)1 54)4 o&i 62)4
100i 107
60)4 61)4
107
50)4
21)4
40)1
12
80)i
107
61
22H
40)
l-')j
32
80' i
22)4 22)
. 47 47).
. 12lf 12)4
. 32)4 3.1)1
. 87 80'4
125),
34 31
. 0) 01),
1-7 129)4 128'i 120)4
0J'4 tkl
13 15
l.'5l4 12U4 125
.)i)i
ODi
50
15
34
04)4
iO
15
1.10 4 120i 1.8)1 12f)3
110K 118)4 1141a 116)4
101,
87
llt'i
btiV,
19
hll
10
fcOlj
.10511 10H 102 4 1131a
110't UO 1U0)i lUJ'l
117)1 11
07
. 334
. 22)4
74
. 32)4
. 61'4
. 40! 4
35
. 51)4
178
.350
112
78
117
07
J3)l
ll'i
GIN ifs I r ore prop. 43)4
117
97 07
.44 i JJ'i
22 21 t
70 4 71
32)4 31'i
52)4 51
41 40
37 30'4
51 51)i
1854 17514 18W
300 350 357
112)4 lli!4 112)4
79)4 70 1 701
118)4 110'i 118)4 118),
32)4
51
40)1
37
51)4
M. B, MeHCHiAM
Pone Lorabara ). 411 Walnut at.
Guggenheim Kipl'n
Inter Niekel Co tr...
lnt Agricultural .
Int Agricultural pf
lnt llarv N 1
Int llarv N J pf
Inter Lon Corp'n . .
Inter Con Cor pf
Inter Met vot t c
Inspiration Copper
hah LU r-outhern .
Kan City &o pf . .
hlti-co bSLO ...
I aik Meet.
Lake trie ft West pf.
Lehigh alley
Long Island.
Louis ft Nashfllle
Maikay Cos pi
Manhattan Llgtd .
Maavteil Motors
Max Motors 1st pr
Max Motors 2d pf
Mexican 1'etroloum
Miami Copper
Minn ft M. Louts
48 i 474 47i
07 0714 06)4 0014
.213 22 01 210H 221
. 2.1 25,i 24 2V1
. 47'! 68V 40 55'i
.106)1 1064 100'i 1004
117 117 117 117
10'
Ml
10 4
42)1
-0'4
. 60
185
. 88)4
. 21)1
145
15
10 1
734
20
41)4
1
5)
105
8'14
21
19
734
104
1111
-'(1)1
51
IOj
J7
I
145)4 114
10
15
10
7 1)4'
20
4'f
2051
50
10 .
87
21
144
45
122)4 122)1 122)4 1V2)4
00
127
64
. O.'h
414
8J4
. 31)4
12!i
Mu Kan ft 'lexas 5
05
123
5C4
15
47)i
02
3.1)4
134
1)4
11)1
44
5b't
804
MM
(8
10
158)4 157
70)4 00
98
3l'i
-M
115
7411
111)1
31
40
05
123
51
01
45)4
88)1
31)1
1J
4)4
11)1
3)4
68)1
814
.404
07
15
90)1
31
2H
05
12
551!
944
454
804
334
13)4
4!.
mi
4
68)4
80H
30H
08
15)4
167
00
90) i
34),
J
Mo Kan ft Tex pf. ... 114
Mbsourl 1'aculc . . 3!i
Montana l'oer . 69
Nat Cloak ft fault . 87
Nat Luaiuei a. a . . 32
(Jul Lead 07
Nevada Con Cop 15
New ork Air Drake ..1M
N Y N 11 ft II 08
New ork central . u7
N Y Chi ft St L . . 32
N i U ii. nen. .. . -7)4
Norf ft wejt . . .. 113 115 HJ'l 114
North American ... -74 7411 74 74)t
Northern 1 jcuil ... . 11U 111)1 1194 111),
1'aUlic Mall 30'1 31 304 304
IdcUlc'lelft lei . 40 40 44 41
leun KM
Peoples Gas Chi .
l'ettlbone-Mulllken
1 htladeiplila Co. ..
1'illsburgb Coal .
1 itlsuurgn Coal pi .
l'ltts C C & St L. .
i icnsixI bleei car. .
i'uiirnaii Co..., ...
Ity bUrei apz..-.
hay, Lou Copper. . .
lie ad In.'
Heading 1st pf. . .
Heading 2d pf ....
I. el, iiuu ft ateei. ..
hep Iron ft bteel pf.. 1034 10-1
hex. k Island Co pf 4 H
itumely Co 0 04
1I2H 113'1 UJii 1124
117 117)4 1174s 117)4
70
95
Wl
74
100
614
25J4
73 OS
95 92
384 o0'4
105)4 105), 105
734 70 75'4
76)1 73
1054 100
51 50'!
-54 -25)4
73
92
3bJ4
105
764
74
105
50)1
154
112)4 1544 152)i 152)i
81 t
81
o5
81
8M'l
uort
81 81
8i)l 81)1
uiil o.iH
1034 103)1
KuinelyCopr 10)1 121
bt Louli ft b F 4)4 3)1
ttaLuam Air Line lo4 10
reaboard Air L pi 36)4 37
bean Hoe ft Co 154)4 155
t.ou-shef b ft 1 Co... 0.'i 01
bo Porto It bugar 03 93
tuutlicru 1 aciao 03)4 14)
boutbera Hj 1M)4 19
boutnera lty pf 504 67)1
blandard Milling 73)1 72
btandard MlHIuj pf... 81 8J
)4
6'1
10)1
:1
10
304
h
a
1-44
J),
10
37
161)4 155
01
02
92)4
lb)i
57J1
u
fctuaeluker lu Mull 1444 139!
leun Copper 60!1 07'1 04 4
Texas Co 171
Texas ft Pacific 11!1
InlmAveuuti 504
Union llag ft Paper. ... 04
Uulou Dag ft I' pf 20)4
Luton latlllc. 131)4
Union Pacific pf 814
L b led Alcouoi 04
V 8 Ind Alcohol pf
U b cast 1 f ft
170 103
11 104
67)4 67
8 7)4
27)1 27
13314 131)4 1314
81)1 81 81
105 00 103)4
1014 lO.'H 101)1 1024
84 304 .7)t 28
01
02
Ul
18)1
67)1
72
8J
1.0
Uol
163
10
67
7)4
27)1
sterling Opening. High.
Demand . 4 7tf, .?1V(i
Cables ... 4 IIT, 4.7 tH,
llranrs
8.78 A.1.
8.77 8.17
Demnrtd
Cables
Marks
Demand
Cable
81
IV4
81
S1H
IIAN0E
Bat.
. Close, Close.
, 4.71V4 .MKi
, t.tlYt 4-7H
S.7B S.I 7
8.78 8.79
))' 4U
mu 4V4
New York Bond Sales
High. Low, Close.
11000 Alaaka aold er oa....i.w w 1."
ium Amcr Aar Ss .. lira
liAW Amer Bmelt Beo . ...luO
LONDON PLEASED
BY LOAN'S TERMS,
EDITOR ASSERTS
Financial Situation in U. S.
Justifies 712 Per Cent.
Interest Charge
ASSISTANCE WORTH IT
By FRANCIS W. HIRST
Kdltor of "The Economist."
Sjiteial Cable to the ienlH0 Ltiotr.
LONDON', Oct. 4 The conclusion of the
Anglo-French loan Is regarded with ant
Isfnctton here ns ccrtnln to benefit ex
change nnd fncllltnte Mar finance. We nre
not surprised to hear that tho loan if
proving very satisfactory on your side.
The Manchester Gunrdlan point out
hnt, allowing for taxes, commission, etc.,
our Government must be paylns 7 per
cent for nccommodatloVi In New York, as
ncalmt 414 per tent. In London. On the
other hand, IntetllKent critics here real
lie that tho high rate was necessary, for
they understand our financial situation
Is dlfllcult, because during tho ear yon
hao been repurchasing securities from
Europe and lending far more money out
sldo the United States than usual Sea
clal circumstances of the moment tin
doubtcdl rmlto the loan extremely valu
able to the Allies Wo are Kind to le.irn
that subscriptions ore pouring In.
The successes In France and Klandera
liavo given much encouragement here.
The military situation In Ilussla looks bet
ter The adjournment of Parliament will
enable the Chancellor of the Exchequer
to lmproc his budget proposals Tho war
profltB clause needs revision and tho
project of deducting Income tax from In
terest paid on deposits may perhaps bo
dropped Withdraw at of the duties on
commercial motorcars, plate glass and
hats makes n big hole In tho prospective
tevenues. Our piano manufacturers havo
already raised prices, nnd motorcars, old
and new, are dearer.
Neutral repot is from Germany Indicate
depression and earning for peace among
tho people at large The movement for the
annexation of Belgium Is trnld to hao col
lapsed Our bank return, showing a fall In
private deposits, points to a continuation
of dearer money.
lsvui Amer lei clt 4s. . .. H
luw Amer looao new Ha ., ltfrt
iUuo Armour Co 4fta... ... 04
CoiM Atchison ad) 4s . , M
LhamJ Atcuuon cr s laii. . 114
luuu Atcnison cv 4s ivuu.. iuj
101
lvU
MH
lufi
VI
til
101
lot
1O0
lM'l
R
IOJ
tU'A
l(l
luuu AUbison cr bt 1017 ..luiH 101U witi
4UuJ Halt a Ohio JV ,., viv.
210U0 bait Ohio 4s. .... S7fe
aniuu iait a Uluo cv 4tts..
rvu IwU 1' l-a.Mt V ,s . mm
Iaui Uait c CI110 Bwn J K
4 ww ueiii Bteel nu As , Iiajh
mx 111 00k ell 1st os . IOU71
41AM luooKn lip lr 6s ,. ,lul's
17uuu muukn itu lr Ss 'Is .luo
'mw tiruok Ln Eiv 1st it wi
-vii taut ac bus ir os 1B-U. M5
MM Lanaua eouth &s , ..lKi
ouiM vein oa 1". me is . .1W
llvuu Le.it Leather 1st Bs .. M.14
lo Lent 1'ao 1st 4 Ml,
linw cent II it fl J (imi, lu
'iA,VO U K U II ll A III 4S,. 1-1
M(I ones . Ohio cv 4)4... 7bV,
7w co tStt 83
UUJ OO M ...... llttK
luuo Chi Ac Alton .Pis .... 4iH
iWt Lnt tt Hit HI us...... 07
iltlM) cm ut West 4 U7V.
.AAA) clil c Nn 3W ")
JUI7,
tiu'a
. to
. 03H
!
LESS COTTON GINNED
Census Bureau Report Shows a Heavy
Decrease
WASHINGTON. Oct. 4 A cotton re
port Issued today by tho Census Bureau
shows 2,!0O,O07 bales, counting round as
half bales, ginned from tho growth of
191 s to September 25, compared with 3,333,-75-'
for 1911. and 3,24000 for 1913. Round
bales Included this year arc 32,263, com
pared with 3J9I for 1314, and 2!,9S3 for
1913
Tho report by Stntcs follows
WIS 1014. 1113
Alabama 3VI.I172 3J 217 J2'. 73S,
Al Kansas 00,057 Hi.HI 70.0Srt
Florida JVi7l 111, KIT
Utorcla 7H127 7iS0r. 4111,311
lulslana 1 11.210 W.ll'i 77,-ti5
MLallupl . . 17 11 81I ltn,N lJOf.'il
N.rth caiollna. . SJKIS hl.MT 411 OVI
Hklahoma ... . 2.110 104 lot 14M.U7U
bo'ith Carolina . SSu.oTi) an.l.7U4 1 .1, IIS
TenneKaec . . . U.ltl K032 1H.13I
lexjs .. . . 1.H1.4W 1,131, 11J 1.727.IVIS
United S'atrj , 2UIOOI7 :,3U.I,73J 3,.'lU.(x3
.tU uo ceh fia 1U-1
IWI CM 1! J joint 4s,
iiiM uo deo 3s. ....
414a) Chi II ft U Den 4s .
luJ Chi 11 11 111 3Wa..
jik-i hi Kill ii. Hi I. j- uL
-lot) (.Mtlbl I' HIV 4S . Ml
WM C'hl Mil i St 1 cp As. lOIVt
.VJAI 00 CV 44s U0'
IOih) rtj gen 4Vjs. .'. . 07i,
IKM) Chi It I A S 1U5
U40 U 81 I' SI A O deb Ss.. IwH
imi ciev ii t.ine 4ts .
.1UP Col Industrial 3s...
NM) Col Ji South let 4s
.KH) do rot 4H .
;itrl Col r' I trn 3s.
NK) Con Oaa cv Ha . .
:tuuj Corn Trod re 11134.,
lv l)tl A Hud 4s '10. .
70HO Den Mo or 4s
3i0 do rfd Ss
2bV do 4'k
lvioo DIs Secur Corp Bs..
1(00 Erie conv 4 Ser A
10.M do .conv 4s Her II
410i,0 do prior 4s
2000 Fla A E Coast
mioo (Jen Elec deb Ra
moo III Hteel deb 4'," ..
8i0 Indiana Heel
11000 Ins Cop cv Ca 1010
230O0 Inap c (Is .
0701)0 Intorb Met !,
7000 Interb ft T rcf Ts
o3roo inter Mer Mar 44s
7000 Internl Paper cvt Bs
root) Japanese new 4i4s
THI Kan C 80 1st 3s
12O10 do Ba
20000 Kan C Ter 1st 4r.
r,Otiil Ijick Steel fl 1021
2M0IO do Bs 10V)
1. 1" intirno U.I9 J,l im 1UL,
2MK Lk Shore deb 4a 1031 IUH
lOOi) I.eh V of N V 4Hs PSVi
rooo LIe A M T 7s .03
2) Inc Island rfd 4a R3U
20110 Ixinllard Bs ni4
rvvio I oula . Nneh 4s ni
MOO Manhattan eta 4s. .. ST4
Bono Mcx ret Co is .. 005,
1000 Mich Cent P 4s 1020 . S3
1IK) Mo Kni & T 1st 4 4!i
3000 do 2d 4s. . Ml
3O0 Mo Pac 4s 10
"000 do Bs llliO . 73H
.OlO do fs . .... Ol'J
1000 do N Bs .... 107.
ltono Mont Poner Bs 111
vl
8H
luo
10UV4
luivs
nwv
tin
83
luov
1U.1
wH
8J
11J
1-cH
78
83H
UT2
1H
Tins
lUlf,
Wii,
no
113
M
83U
8UW
lui't
'
105
WU
02
ul,
siU
eiiM
b
ss
luo
leutt
loiH
lJOl
tu
83
1U.I",
103
H
8.1 ,
1U
78
i4
loj,
44 Vs
07
U7lt
7U?
101 a
IH1!
Ml
034,
wi,
83U
MM,
101V,
U7l,
103
Ml4
7U
87 t
1VW
Ul
'i
i 70
87U MU
70U 79(4
114 01
IHIi 117Vi 117M
H4S lilt, 01
icoi, 100H "'S
71. 745Z 74V,
41)1, 4UH 4UU
71 74? 742
"Vi 07', 07,
03 03 111
72J4 724 7.-H
SOU so sok
414s 87f, S7; M
lo.'U iojiJ wiy,
87 17 R7
ioiv, 101 mm
11m 10714 17114
17214 ins
74?, 71
nnj: nun
77K 77
!HH i'l
.3"i 73 . 73S
rs
88
8114
11 1
0li
1U1,
lOTK) N Y Air Brake ct Cs.102
1000 N - C I. S 3Ws.
18CO0 N V t" & U ret OS
14l do 4s
BOOO do 4Ms
1000 N Y City 4s 103T .
MK1 rlo 4La llltO
NEW HIGH FOR COTrON
NEW ortK. Oct 1 Following the publlca
tlon of the unfavorable report on the con
dltlcn of lotton bv the tlo eminent, the cotton
murkrt became btrotig and actle, buslne-s
rlvallnir that on the Stock Lxchanxe. In
the afierroon session prices nere up as much
aa 01 tolnts. The repoit Indicated the smsllest
crop since IPO) and It did not take Ionic to
puih irkcs up to new high letcla for the
season.
hutures contlnuedito climb ln tho late trad
litf, the adurrcs extending oer 70 tolnts ln
t.ome tiontlis March went uell Hboe If cents.
Hilling that fol owed the publication of Go
ernincut flsuris whs general nod was or both a
MeiUatlie and Invcrxment natuie, rather llutn
of trade origin
Bat close, wpcu xiisn lyiw uioee.
January .
December
October ..
March
Mny
July . .
Spot ....
12.14 l.'.'UI 12 87 Z 10 l.'.7U
12 00 U'JII 12110 12 It 12 Mil
11.70 11 MI 1 III II 81 .'. IJ
L I.' UIU 1113 l.'ail 1.107
,i;m IL'HI 13 32 12.711 If 27
..l. 12.811 l.t.30 12.73 1124
11.81 12.BO
110110 do 414s- 10(13
COOO do 4 U No. -67
10"0 N VOIUPO ..
30IO N Y N 11 . II CV 3V6
7O0O N Y N II & 1! 6s . .
1000 SVOA W 1st 4s..
inooo f Y Rwy ref 4s
lfiOiO do ad Ss.
18000 N Y Tel gen 4!4t .
HJOO Norf & Wist cv
4000 do I'och 4s
8.V1O do 4s ....
Binoo Nor Pac prior 4a
108000 do gin 3s
10i) do Term 4s
liioo Ore. Short I. 4a
IO10 do 1st Us
2IXO Oro Ily & N con 4s
Kino Pacific Tel Bs . ,
28000 I'enna gen ct 4Ha
Broo do cv 4Hs
"OOii do 4ljs 1021
IOI110O nay Con Cop 6s
300(1 rteadlne1 gen 4s
7000 ftep Cuba Bs 1004
jsnro n,p I . s 6s
2000 nio a tc w cit 4a ,
inno Rock Island 4s
33roo do rfd 4s . .
liono do Bs
2000 riasp gen Ss
.17(00 St L Swn 1st 4s
2000 do 2d 4s . .
3000 PAL ad Bs
2010 South toll Ss ..
inooo South Tac 4s
200 do cv 4a .
27() do cv ret f p
1 hai oo Tin 4P. . .
10000 South Rwy gen 4s.
8C0O do ccn Ss . .
SOiO Texas Co cv (Is
2100 Third Ave sdj ,'s
inno Tol Ten ft w 4s
?(ino tt S Rubber (is
ltWO It R bteel Bs
8000 Vnlon Par 1st 4s
Bono do reg 4s . .
von uo cv 4
1 conn iTn liwjs S F 4s .
iMmi a uar enm us
71
KirtH
8R14
8S
04
81)
101 T,
101
Sli
(11
112
70'4
. os.
... W
4s. 114
V54
(11
oo';
03
110
S.8S',
IO.S'4
871,
. im'5
. 07V
103tl
inov,
.128
11214
04'
03
0014
. 81
. or.
. fii
. 01
. 70y4
. . . r
03
.... 071
82'
8J
B '.14.HO,
.
(U'l
71,
0714
87t.
8,
Pt
nt
101
0114
081',
03
8.114
in 14
8?
!-
83
4H
BO
30
7H4
IU Mi
107
014
102
71
lots
86J4
88,
01
01
101 '4
101',
81il,
no
112
$ 484
114
M',
8811
ooti
mil
110s
881 i
lnscj
ni.
(17
07',
10314
7fi'4
. BO
102,
102H
034
. 02
. 01 14
40
0H4
11 00 Va ft V con 4s 1st B. Ot
01
. It
1ooi
14
. ItH
101U
0714
103t
1001,
12VJ
02
04 V.
IMS
onvi
81
03
4(1
09
7014
Rt
03
07U
82 V4
82Vi
10()I4
84'i
nfi4
071
103' I
7fi'4
BO
102,
102
03
02
01 14
48
01
Ot
04
It
100V4
UK
101
1
74
no
77
ni
73
08
88
81
nt
nt
1011',
nui
081,
03
83 U.
001?
ni
87.,
UO'l
8.1
741
Ml
M
7fi
114',
107S
IIIS
102
71
1U3I
8V4
88,
111
irj
Wl's
lot',
81
ll'f
112
7IP4
"Ma
48'4
S
114
80S
01
0014
03
liov
8811
10814
8711
nn'i
UT
103'
100'
128
0214
045
W44
()14
81
Ot
40
no
7014
ra
03
07
82(4
8214
10 lU
8i'i
muj
!I7,
103V4
7n'
ro
10.-U
102
n-P
on,
nt
04
it
100U
0014
13
it
1
milt
lots intii int'J
14oi, iitj itnj
... ii ir
07Vi 07'4 0714
COTTON CONDITION FALLS
WAHHINdTO.V, Oct. 4. The condition of the
cottm imp on September i't was t0 8 per cent,
of a normal, tho crop reporting boaid. Depart
mint "f Agriculture, today estimated This
furecan s a IM per aero of VtX luunds liidl
nitlux f tctal proluctlon of in.orOOOO bales, of
.Vsi pounds xrors, compared with lil,13t OTO
laics ginned list vear. The September condi
tion compares with 00 2 per cent, on August
2 lart. 713 on Hiptember 23, 1014, and 08,3
the nicrage for 10 jcare.
. 4U
, 4
25
i)H
a
75
'.I
4K,
Mi
.100)i 107
81. tllH
11 1H lit),' Ul
4U
31
75
41
bH
4U
M
30
75
.61
41
Ml
lOO-i HWJf
7tf 70 1
U b (J 1 1 & V pf . .
U H lied & Hot .
U 8 Itcalty 3i Imp
Unltod It II of a F
Ltiiiru uy IttVtfit .... '-'ij
UuiteJ l(y loi pf..... 45
li b itubber 61)1
U a Itubber lutpf ..
U t bteel.,
U ti bteel pf
United LUarMfn .,
UUb Copper
Va-Caro (Jbeni . .. ,
Va-lroa toil & U .
Wtbaib pf
W'jt-u & M
Wwlcru MaryUnd .,
Western Uuloa'lei..,
WUljl Orc-fUnd ....
00lw01U1 t WLo.,
WublwoUb pf ... .
Cents per share.
CJuiUd ax dividend.
Total sales, I.IKKCSOO shares, compared with
1.318,000 shares last Monday.
Financial Briefs
01!,
6d.
4J
WI
a
oa
0!)
43
U'J
M
OJii
USX
4 IX
t6.
U"
114
e.i
U8X
4 Hi
00
a
13HX 141 4 13.1 134U
30 Wi -JQH UUH
77
.'-24
70U 70,
iM V33
lluH lloit IVWI IMi
l'JIH 1201 1-JUH l.Vtl
it
i7
HPKC1AL OTlCL8
r3S ALL l'KKHONS AKE HUHKKV OAU-
a tloru)d against harboring or trusting
any of IbeYrew of the llrltlsh 8. & Arthur
llalfour, trom Cardiff, Wales, i W. btorru.
Muter, aa no debts of their contracting will
ta paid by the Master, Consignees, or by Kara
Una Steamship Co , Agents 40a Hullllt Bldg.
Z35 THK'JIKMHKHH Of PAI.KMTINK
a3f' Koyal Art Chapter, Ho. ), will
meet at the Masonic, Temple on Timeter
altersoon, October fl, sit li43 o'cloc, aud
unit with Perkins Lodge, No 40i, V, and
A M . to attsndlng the funeral of our late
companion. Thomas Y Hasleton.
UKNHV . NfSLKTT, SexreUrr.
The London Stock Exchange will bo
closed next Saturday.
Tho Now York bonks Rained 154,000 from
the Subtreasury on Saturday, and $610,000
since last Filday,
The Crucible Htccl Company will reopen
its Norfolk plants, which have been
'closed tor about ln tears,
Tho Reading's anthracite tonnage In
September was about tSS.OCO tons, as com
pared wun 1,101,000 in September, 1314.
T,he order for steel rails received by the
Pennsylvania Steel Company from the
Baltimore and Ohio Itnllroad will be be
tween 10,000 and 15,000 tons.
The annual report of the Pittsburgh
Steel Company shows net earnings In
creased 1459,024. The surplus Increased
1451.609.
Additional securities of varloqs compa
nies ha.vn lieen nlnreri nn th -,rttn- !!
ct the Philadelphia Stock Exchange as
follows: IS27.1C0 American Telephone and
Telegraph stock. 164,000 Soyre Electric
Company first mortgage 40-year E per
cent. Inking fund bonds, 1947, and J47,
043,000 Pennsjlvanla Railroad 4V4 per cent,
consolidated mortgage bonds, 1S60. There
has been struck off the regular list lis,
000 Ohio Connecting Iiallwas Qtampany
lrtt mortgago 4 per cent bonds, luc
re tired by operation of sinking funds.
noon Vn Hwv Bs
-ki w.innsn 4 s . .
row) io nt r, .. ..
HOti do 2d Bs . .
1'inotl Web Kqu ct sta 4s.
104O0O do 44
lninco do 4s .. .
-ono vet Klectrlc Bs . .
men do cv ti . .
K'-TO IV K Mnr'iwl
"om West Union 4'ts. .
XK'i do Bs
Total aales. 11,007,000, compared with SB 23s .
000 last Monday, '
N. J. Banks' Resources Up
TRENTON. N. J.. Oct. 4.-The resources of
the New Jersey financial Institutions were
H0.O33.71S 07 more on September S "f tW
year than they were September 2, 1014 nn,i
there wa an Increased of lis 772.78S .13 in
deposits during the year, according to the
report of flanking and Insurance Commissioner
George M. lAmonle, made up from Ogurea
secured aa the result of last bank call?
sggg-gsseg
WMmEmMMMMW$
I : "
NO OFFICIAL CONFIRMATION
OF MANY DEAL RUMO
New Yorkers Made Most of the Money Out of the Rec
Spectacular Advances in Local becunties.
Cambria May Issue Stock
If the official replies to Inquiries con
cerning the many rumors of deals,
mergers, etc., of the tnrlous Industrial
concerns are any criterion, the officers
of the local companies Involved know
. - . ... 1- -.I ah tl.fin Inn
tens Huoui wnm is kuiiih " " -
leading Wall street nnanclers. In nearly
ettry instance so rar tne mannnenicino
havo denied nil knowledge of anything
In tho wind, excepting In the case of the
Mldvalo Steel Company. In several in
stances officers of certain companies have
actually advised the selling of stock hold
ings In their concerns, giving as a reason
that iornlnp.8 did not Justify the high
prices to which they 'pave- recently risen
Local traders have made relatively lit
tle out of the big ndvances In certain
Issues, such as Baldwin. Carrfbria Steel
and others. Most of tho big buying has
been for New York account, where knowl
edge of pending war orders was first
obtainable. When a hanker knows posi
tively where n certain order for material
Is to bo placed, It Is a simple pronotl
tlon to quietly buy up n good-sized block
of the stock of the company which la to
receive the order. When the news finally
leaks out the shares run up rapidly nnd
the banker quietly unloads. This Is said
to have been done In a number of cases
In this city as well as ln New York.
Today Urlll moved up to 70 nnd then
fell hack sharply below last week's clos
ing quotation. Cambria Steel was nlso
active nnd Irregular, but Pennsylvania
Steel prefencd advanced sharply and
Electric Storago Battery was also ln
strong demand. There was qulto a re
vival In bond trading on Change. Con
siderable blocks of rennelvanla 4M,s.
Lehigh Valley 4s. Philadelphia Company
6s and United Hallway Investment 8s
appearing on the tape. Allegheny Valley
4s were bid up from 90 to 93V4-
MINING STOCK QUOTATIONS
TONOPAH STOCKS. , , , ,
ntd Asked.
Jim Puller " J
Midway 12 .14
Mlzpah Extension 20 .21
Montana 30 32
North Star JO .12
Tonopah Helmont 34 .IV
lonorah Kxtenslon 2, 2vt
Tonopah Merger "4 Sd
TonopHh Mining 614 S
ltrscue Kula 10 ,11
West End 00 .62
GOLDF1ELD STOCKS.
Atlanta 27
iilue null 01 ni
Hooth , 42 4t
Hulldog 02 .03
O O D 04 ,0".
Comb.natlon Fraction OS .10
Liiamonaneid n B ot 07
;yiy 01 on
Florence, 4t ,47
Ooldfleld Consolidated 1.43 1 BO
GoldBeld Merger IR 20
JumLo Extension 122 1.27
Kvwanaa 1 31 .37
Oro 07 .08
Sand Ken 10 .11
MISCELLANEOUS
Fairy Azteo 01 .03
Klmberly '03 IS
Nocixda mu ...:.:::::::::::::; n w
:evuda ttonder us lUo
In the afternoon Pennsylvania
preferred extended Its rlso to M.
high price fur the year and a gain of 0
ft ..Mini e , taSt v 1 M I ..
w ),vnia .w... .- ,,cnn ,iia llgure.
small 101 01 int common sold at 90 a
a record quotation On the other w
Union Traction slipped back on llg
orrerings.
The rise In Pennsylvania Steel
ferred was not maintained to the cla
The last previous sale of Pennsviv
Steel common on the exchange w4
4H m Moptcmoer ah nut a very sir
amount or tno siock is owned by
1 cnMvania, iccaaing ana other
The negotiations relating to the cl
lirla nnn i-cnnsyivania fteei Compaiv
nre sam to nave renenca a stag wh
the Interests concerned are unable to t
cuss the situation for publication and 1
official confirmation of current ren.
were obtainable. It was rumored that M
sale 01 tne r-ennsyivanin, cjompany mlat
bo effected today to Charlct SI. 6ch-i
As ror Cnmbrla, best opinion has It ti
the t5.000.000 treasury stock Is to be Inn.
nt par nnd that possibly a still greatSI
siock increase may oc irmac.
APAHTMENT3
NEW YORK CURB
Braden
llrltlsh-Amerlcan Tobacco old
do new
Car Light ' '
Goldfleld Consolidated
Greene Cananea
Intcrnatlonil Marine
do pref ,
Kennecott Copper
Lehigh Valley Coal Bales ....
Magma Copper
Nlpttslng ' "'
Otis Elevator '
do pref
IIIker-Hegcman ,
Submarine ,
Sterling (lum
Tobacco Products '
United Cigar Stores
do pref
Jin".'? I,ront Sharing new '.'.'.,
tor!d Film
Yukon Gold
Bid
... 014
... 13
... 14
::: !1
... SS
::. si
,. S3
...ISO
::: lh
:::iiw
::: ;
::&
... OS
...110
... 114
... 8,
.. 2U
Aak.
ir
13
OM
" Vi
40
7
J3
StlJ
100
14:
7l
7.t
04
oH
42V
214
4J
103
12t
11
3
2i4
N. E. CORNER 17TH AND
WALNUT STS.
trC' "f U"JS !5l ikH. Jm
Wi&itk mi
isit"lilJ
9 V3Mrr'rr"rtnI. fclS'V yMWaltnT?TaMal
, - " Is! ,(11
tcl 1
I
I
NEW YORK COFFEE MARKET
NEW YORK, Oct. 4. Steadiness character
zed trading ln coffee futures during the morn,
frfc." ,oday' Dc!"" . moderate. nd
E 2h cnar"J" V w'h'n a narrow range:
Further gains of as much as S points wera
u-TV,'. thV!0"' .T,oW "lea amounted to
Ui50 baps. Prlcca follow:
Today's Today's Saturday's
September .. . ?&" Cl0"' Cl0"'
SSSSTr?'..::. :8B Jljjss 6-
February . nirWiiw
5S5!ta 3n 0-3880 39 SriSS!!
nr 0 40 ., H.40HIM1
j una .... 4, . yijysj t
iugyu.i".vv.:::6S9062 :?.m,a ttlo8,1
llld. lOffered.
n This 13-storv concrete and
tlrenroof structura reaches th hlirh
est point of development as et at
tained In apartment construction
and may be properly styled a per.
feet place of abode.
Tl An earnest effort has been made
to offer a matchless home to those
whoso first consideration Is not to
count the cost, but to procure that
which thev deslra: where there la
only perfection, the size and char-1
acter of which may be selected and
shaped according to the distinctive!
requirements of the individual.
U Suites are arranged from two'
rooms nnd one bath to set err rooms"
and three baths. j
11 The location Is excellent, being
convenient to the business and shop
ping centres and yet not too near J
IT Building will be formally opened
Novomber 1, 1915.
TITI Further Information may be ob.
talned nnd reservations made through
NORMAN S. SHERWOOD
1411 WALNUT STREET
'A
1
HOUSEKEEPING APARTMENTS
GEIltlANTOWN
Jfatffax
gpartmente
FIKEPnOOF UUILD1NU
UN QEIIMANTOWN)
WATNE AVENUE AT SCHOOL LAN!
Suites ot 1 ana rooms ana j. oaens.
Solarium covsnas vumv uvuit.
u.id service by the hour. Blsvater.
II. J. JOHNSON. 308 Bailey Building
VI
g '
$1,250,000
City of Birmingham
(Alabama)
5 Gold Bonds, Due July 1st, 1945
Free of Federal Income Tax
PRICE TO YIELD MORE THAN 4.80
m
Kountze Bros.
141 Broadway
New York
Graham & Go.
435 Chestnut St.
Philadelphia
1 It no easy matter shipping Fl
i
I
no easy matter b.Ipptn
a big lot of lumber tho day
we get the order. Vl
But the harder the job the
better We like it I
EdwardF.HeflM&Ct.
structural Lvmlrr and Tfateer
l'044w Miwt WksriM, rut.
The Penn Mutual
Life Insurance Company
has moved to its new Home Office, Southeast
corner of Sixth and Walnut streets, and its busi
ness will be transacted there on and after Mon
day, October 4th, 1915.
r
- The building in which it was formerly located,
' Nos. 921, 923 and 925 Chestnut street, will here
after be known as the
Horhor Building