EVENING LEDGER-PHILADELPHIA, SATURDAY, OOfrQBEB 0, 1915.
-ll
f
El
FINANCIAL NEWS
HEAVY DEMAND FOR RAILROAD
SHARES SENT PRICES UPWARD
War Specialties Were Relegated to the Background as
Speculators Showed Renewed Interest
in the Standard Issues
NEW YOUK. Oct. 9.
There was a bit; demnnd for tho rnllroml shnreB nt tho opening of the
stock mnrkct today, nnd they became strong; nnd nctlve. Tho speculators
were In the market In Inrne numbers, and their Inquiries for the rnll wore
heavy. Tho wnr specialties, which hnvo been nttrnctlnc; tho major part of
the Interest for qulto a while now. were of secondary Importance, although
several of this group moved higher In the short susslon.
Tho stocks of the Western roads showed tho grentest strength, several
of them moving up over n point. They were helped by tho belief that tho
advance freight rnto case will be reopened by the Interstate Commerce Com
mission, nnd tho opinion Is that tho carriers stand a good chance of coming
out with a greater dogreo of success than In tho previous hearings. Wltfi the
success of the big Anglo-French loan tho danger of foreign liquidation, wlilctf
has been heavy In this class of securities. Is now removed. Then, too, tho
earnings are showing up much better than they hnvo been and the Income
yields and going market prices are very good. The copper stocks were also
strong, but not to such an extent ns the rails. Liberal realzllng was met at
the higher levels nnd prices went off. the llsl becoming Irregular. Sales
were well taken and before the end strength was again shown. Reading
touched a new high record for this year during the early part of the session.
The largest advance made by any of tho war stocks was Bethlehem Steel
which rose five points.
The financial position of the United States now Is, Indeed, an enviable
one. Reports received from day to day of tho business conditions are most
encouraging, and bearing this out Is the tremendous Increase In the bank
clearings which nro reported from week to week. During tho Inst six days
for Instance, there was an increase of more than 69 per cent., as compared
with the same period of last year, all of the cities reporting a larger amount
of business through the clearing houses. Wo are assured of banner crops
and there Is a plentiful supply of money.
Railroad Earnings Showing Up Belter
Earnings of the railroads of the country appear to have at last turned
the corner for the better. Twenty-one roods, for Instance, report gross
!'n,f f 2,053,96( " the urth week of September, an increase of
1480,413 over tho same period of last year.
'
$84,500,000 Industrial Securities Mature Next Year
Compilations just completed show that there are only $84,500,000 of in
dustrial securities which are outstanding that mature next year. During the
last year there were $153,000,000. or nearly twice as many. Of tho maturities
next year none is larger than $4,600,000. nnd there are only four which
reach the $3,000,000 mark. y r wmcn
NEW YORK BANK STATEMENT
t Heavy Loan Expansion and Drop in
Reserves Reported
NCW YORK. Oct 9.-An Increase of
143,797,000 In the actual loans was report
ed by the New York Clearing Houso in
stitutions for the week Just ended. De
posits rose $38,772,000, while reserves fell
nearly $7,000,000.
Total loans were $2.S04.879,Vv., with net
demand deposits of $2,S5S,139,000 and time
deposits of $126,411,000. The aggregato re
serve was $682,539,000. Details follow:
Clearing house members average
Increase.
Loans ,
DcDoalts ...
,.$2o,nss,ooo
.. 21, 101,000
.. 3,745,01)0
Time deposits ,
lle'erves ,
4,2U8,300
Clearing home members actual
Loam.
....$41,707,000
Deposit . ..
Time deposits
Reserves ....
Decrease.
11, 774 tOO
0,007,410
CLEARINGS UP 63 PER CENT.
All Cities Showed Increase During
Week
An expansion of 63.9 per cent was
shown In the bank clearings of tho country
during the last week, the total being $4,
199,103,945, compared with $2,561,380,344
bt. follow:
" 101.-; iqi j t, r
New York.. .$2,271,024,073 $1,020,070,597 122,7
Roe ton
J-I,1,)?,u.iu llH,lDU.U-ra -- iiS.7
172,8.0,007 121,M!8,li8l - 41.8
34,1)53,413 28 894,54 I - - 11) 0
284,44(1 OVS 217,010.303 10 0
71,010,077 80,110,281 21.7
18.010,077 15,020. ms 10 1
Philadelphia.
Baltimore ...
Chicago ....
St. Louts,.,.
New Orleans
Seven cities, R
i Other cities, B
oaye eC0.0IB.481 333,427.018 8 0
Total all cities,
.?, days.... .$3,890,079,703 $2,143,176,715 67.9
All clues, 1
day ....... 600.114,243 418,212,020 43.5
Total all cities,
for week... $4,109,103,045 $2,861,380,844 63.0
Local Reserve Bank Statement
T??V!n!lltlon ' the federal Reserve Bank of
Philadelphia at the close of business jester
cay compares as follows:
RESOURCES.
Oct 8.
Oct. 1.
Geld coin and certifi
cates In vault
Oold settlement fund
balance
Gold redemption fund..
lgal tender notes, sli
ver, etc.
$8,037,830 $7,584,310
8,497,000
37,000
5,060.000
37,000
2,400,800 2,653,010
Total reserve
Commercial rper ..,
Bank acceptances ....
. $14,062,3311
$333,307
. 1.440.024
$15,315,320
$270,108
1,085,033
Total bills discounted
and bought $1,774,232
united states bond $344,096
Municipal warrants ... 8,017,452
Total Investments ... $3,361,808
-Due from other Federal
Reserve banks net... $3,063,639
reaeral Reserve notes
on band 307.880
notes of national banks
and other Federal Re
serve banks 61,740
All other resources .... 104,385
$1,055,161
$310,186
3,068,802
$3,408,638
$4,884,006
663,630
81.805
103,552
Total resources $21,035,242 $20,335,143
Lixmr.iTiK.q
Capital paid In S,2eo,550
Reserve deposits net.. 18,365.67!.
ill other liabilities ... 3,010
$5,266,500
21,068,412
210
Total liabilities ,
$23,633,242 $26,335,113
BANK CLEARINGS
, (ponding day last two years.
Philadelphia $34,208,010 $21,502,608 $28,1)0(1,152
Boston 28 S87.606 20.077.127 .U.lBMltl
new Yftrlr KM Bit .fil rn ,, oia ,, ai, bm
, . - v,vu,ti ,v,,ii,a siu.ili'M.
M
RATES FOR MONEY
Time.
i!!d!E!,ta - ?..?.
ItKsiorr :::::::::::::::: k9J
'L'fllPllrn eti.i
& J Commas... U ' ' "i V ' '-' ' ' TjWJ ?...,.
tiM. i.j " vvr own Hiumn.1, fnnai
W! pnu, 3(M per cent.
' ""SSHBSISISJU.H.SISSS
PUDLIC UTILITIES
TJl A 1 t am a a. ... 4. 41 ai.. a a
"-win"? accuuni. oi me Aiaoama
rower Company for August makes an
- ,.uu..jr ooa comparison witn that
imOntll In tfifi .j .
; , ", b'um upcruuniT income
oeing Increased more than 43 per cent.
y;Rd net revenues nearly 31, Total earn-
-- .vi mc muiun amounted to )Z,dmi
4U1 grOSS. ntVJtttlHnu, vnnaA. a..,1 ..v.
i were iiif.79 .u. v, ..I-- M --j
t, .. - ---..... bvii tau n, :. aiju, aim
JrWl earnlriffB nmniin.,l tn iJ Ctisl .
i gainst $44,539 In 19H. ' '
Although gross earnings of the Cleve
land. Pdln..,,lll- .--. vi.
ompany for August were slightly loJ
Mt tf04R r.nnrt.rf In 1Q1J V. .n.nMMu.
J"n income fitter taxes and surplus earn-
made considerable expansion. Earn-
for he month amounted to JU -
'" f0M a slt $l?,76 In the year
geoelfng nt income was Increased
tq $$,J16, while the euln In surplus,
mopntd t $lI.Si:, was $3314.
w"f August he uross earnlUKS of th
JJrfjMtofl Development Company we
".ft; increase, $17,S7. net, $16.70, In
?''' 'lwo- Twelve months' gross,
New York Bond Sales
High. Low. Closo.
. 1V4 01V4 li.1i;
127Vt U-,A ui(,
.1014 Hill 10.1)4
. V2 01), 02
.107 ion . loi.'i
. "Hi oiVi uiu
. 87 , 874 87i.
. Wj, W 01U
.100 too 100
. ih.t iiT4, li-.U,
.127'i 126; 127'i
1J4 M)W Sl4
. S3i S51J 81)1
o4 m, aoo,
.WjJ 01 HI?,
.lOllj 104 104
. U7 tWH 07
. nsii i.sv ii8'4
. 80V, hUW 80U
.ISO", 120't l.'OlJ
.101T. 101), 101 a!
.100", lCOlJ WQii
i. 71 71 71
.;.; w; v)i
. 7uJ4 ,5 ,3
.. S3 S3 S.I
.101 104 104
.10.1 10.1 Kit
i. WJ 80 80
.84 M 81
.182 182 18.'
I.185W 185 181',;
73 74 .'
7754 77 77
. Ml 80 80
.. m ojv4 o-'i,
7.1U 71s, 71',
. 67(J 07'I (r?i
, 80V4 SOfc, 80),
. IUV, Ul D.I
..1005; 100 lout,
,..10 100 100
121W 12Ui l.'llj
. oiV, uni m'.j
,. 88 88 88
,.fo no 50
,. UIX UHJ Uli
.100 100 100
.78 78 78
.lOSVi 107 KIUK
,.81 80 SO
..102 102 102
,. "8)4 OSH 08 ),
.82 82 82
,. 71 71 71
,.11314 11314 H3W
.00 ta oo
. 47 47 47i
,. 07 OIK 07
. 80 7ntt SO
,. ui n oi
,. i.ih tjiji
. 00 8l DO
,. 07 07. U7 ;
!looH 100 HOW
,. 01 01 1)1
:m Sit Kit
. 05 U5 t5
I. BUj U1V4 H5W
,107'4 107V4 107VJ
,. 70 70 70
, U5V 0.1 1H
. 074J D7ii 07(J
.83 83 8.1
. KIH STM 83
i.10.1 101 10.1
. 854 83 85H
. U7- mf, 07
. 07 VI 07
. IIS 1)811 1)81?
. 774 774i 77U
102VJ 102ti 102
. 04V4 UIH 114 v;
, 0H MlJ Wl
. oil5 oi ui
. 2ji 1 ag
, 10W, 105, 105
1.1344 13.114 13314
I, CO M) Ul
. 8214 82 82W
$1000 Amer Aer dob 5s .
MHO Am Hldo & 1, 7s
41MP0 Am Ti-l c t 4Hs
liulU Atchison CV 4s lt55
01UO1J -Jo i 4a 1DW)
1000 U &. O 3Us . . ..
3HHJ0 do Js
143(J0 do IV 4Us
:iWI llrook H r 5s 1018 . ,
..5!!.00 "" Leath 1st fl
110000 Chill Cop 7s .....
SOOCO dies . Ohio c 4Vs
1000 Lhea &. Ohio 4'4a. '.
15OU0 Chi U i Q joint 4s
2Ktl Llll 1) & y gen 4s.
7000 C M & St V IV 5s".
311 CO C M Ji.St 1' CV 4H..
"PS. M M & Ht v sen 4V4s
1000 Col & South 1st 4s
CVOO Con Ous CV Us .
170tO Del U Hud tin ret. .
1WJ1I Dol i Hud 4s '1 ..
ltioui Erie gen 4s
JKioo Lrle conv 4s Ser A.
3.J0O0 Krio conv 4s Ser B..
4000 Urle prior 4s
loou Urcen uay Us
3000 Clcn Eleo deb Cs. ...
1000 Iowa Cent Cs
.1000 111 Cent 4s 1U32
1000 Ins Cop 6s '10
27000 Insp cv ret Sd pd Cs
8UUIU Interb Met 4Vjs.. .
MHHI Inter Mor Mar 4V4s.
1000 Intcrnl l'aper cvt 5s.
7000 lntnl Stm Pump As.
401.10 Jap new g s 4M,s....
1000 Kan City So 1st 3s..
20OO do 5s
1UUOO Lacka Stsel 6a 1030.
5CO0 Lscledo Gas 1st 5s.
WHO Lorlllard 0s
2O0O do 7
1000 Louis & Nash 4s. ..
2000 Manhattan 4s
2000 Mo Kan & T 2d 4s..
OWK) Mont Power 6s
1000 Nat Tube 6s.'.
4000 N Y C & II SVt
247WW N Y O & Hud ret 0s.
lOOOO N Y O . Hud 4Ws...
1000 N Y City 4M,s 1903..,
1000 N Y City 4ViS !....
1000 N Y Gas II & I 4s.
1000 N Y MI & II cv 3'is.
1000 N Y N II & II Us...
ltoo N Y Rwy ref 4s... "
240K N Y Rwy adj ns....
8000 N Y Tel gen 4Kb...
4000 X Y W O & D 4s.
MHX) Nor Pac prior 4a.....
H'JOO Nor Pao gen 3s
20W Ore bhort L ref 4s.
iixfl 1'enna 4s 1041
2o) Ptnna 4W 1U21
ttOO People's Gas 5s
1000 P C C U St L 3s, .
NiOO lira ling ijtn 4s.......
6WO Itock Island 4
2000 Itock Island rfd 4s. .
yOOO Bt I, I M S Qlf 5s
4000 St L & S V gen Cs. .
50000 Kan A . A P 1st 4s.
25000 Keahoard A 1. adj 6s
3000 South Hell 5s .......
2000 South Pao 4s
20.1000 do cv 4s
20550O da cv ret f p 6s '34
14000 do rM 4s
30000 South Rwy gen 4s.
, 6000 do con 6s
1000 do Mem I 4s
61000 Thhd Ave adj 8s ...
24000 U 8 Steel 5s
20(0 Union Pac 1st 4s .
400O .to rfd 4s
Inoo Wabash 2d 5s . ...
80000 Wab-P Ter 1st ct 4s..
50UO West Eloo cv 5s ..
2WO0 WG(Mcv
1000 Wheeling & L K 4s
1000 Wis Cent gen 4s .
Total sales, $.,573,000, compared with 12.
311,000 last Saturday; this week, 18,8J0,WO;
last week, $20,511,000.
U. S. STEEL'S ORDERS LARGER
Total Unfilled on Books September 30
Was 5,317,628 Tons
NEW YOItK, Oct. 9. The United
6tntea Steel Corporation today reported
unfilled orders as to September 30 last of
6,317,618 tons, compared with 4.908,455 tons
on August 31 last and 3,787,667 tons on
September 30, 1914.
Comparisons by months for three years
follow:
1016
January 4.248,671
February .... 4,841,871
March 4 255.740
April 4.IU2.241
May 4 2C4.5U8
June 1178,100.
July 4 1)28.640'
August , 4 1)08,455
Beptember ... 5.317.028
October
November
December
1014. 1013
4,(113.(10 7,87,3)14
6,0.'U.44O 7,050,714
4,053 825 7,4(18 85(1
4.277.008 a078,7kj
3,008,100 (UJl.B.'-J
4,032,857 6 807 317
4 158,680 6,800,80
4,218 831 b.TJlt 4(1)4
8 787 OU7 5 003,783
8,461 007 4,618,7(17
8 821,502 4 800,847
8,830,013 4,282,103
NEW YORK COFFEE MARKET
NDVV YOItK, Oct. 0 Coffee prices opened
3 to 3 points lower. Bales, 3000 bags.
Today's
Today's fes'day's
opening,
...U-.M
. a. 10
close. nose.
CSria27 0.20to7
B .'!)(). 'II 6 2(KI6 27
0 30f41.38 0JMI.JU
December
January
March
May
July
August
September
...OlllOalO 6 4760.411 0.4880.4'J
fi.00 6 5000.01
...a(K(tflB3
...oosfjo.cj ,.,
NEW YORK CURB
bid. Asked.
llrltlsh-Amer Kan Tobacco old..,
llrltuh-Amerjcan Tobacco new.
Cr Light .
Ooldlleld Consolidated , ..
Cl .. lc Htn sad ...........
40
42
International Marjii TJ4 7
Interilattonal Marine- uref J.. 851; SMI
Kene t Copper , ..... 65 65H
lihl.h Valler Coal Salrt...! 150 looj
Magma Copper
mmii"s .
Otis Elevator ... .,
otis letator iref
IilksclloKtman
bubtnarlne ,
Burling lum .
Tobaico Products ,.
oi
linlttd Ciitar stores pref . . .
ttiiltsd Pront .
world rnj "
T.Uon CS"ld '
BAR SILVER
tnNDON. 04 Commrclal bar stiver was
ouotsi at WH pic,
ft
d'a n
m 4f
2S 21i
421 44-
07 102
110 y
11 ;
New York Stock Sales
, Last close. High. Low. Close.
Aim; Hold . .. iiyi MH 14M 3414
Chslmerj Mft.... 4.2K 43M 40' 43
llls-thlmerj Ml pf. 74' 7.414 7uH 7-1
? Ak tlnnmlMl 08 68 68 48
n Ar Chrm of 00 OT Oft Ofl
i"V"!"r 7 Wt WW MM
Am jlralco 8 A F tr . . 100 102 102 102
Am Uraice s if pf uiro Im 177 lbO
A"Cn o2), Mi niM (2H
Am5-npf 100 105 105H I0f
Am Car & Foiin.ltr ... 8i Wi 8Ui 81M
Am CoM Product! I69M lih IbQ 101
Am Cotton Oil fcfj ( co) CO 00
Am Colton Oil pf . ... o u-Di ntiv, ofl),
Am Eipresj . . i0j) 105h 105H 105M
Am Mon tLmituit ... .llf lid IUH I0H
.AmllldeALpf ,8.1 40 4SU 4o'
Am Unswvl im m 2 mi
Am JJnel pf 38), tej 38j, ?s!i
Am Locomollvi) w (J))V4 5W Ooil
Am Locomotive pf 01IH WU OM VJH
Am Malt a ,i;j nH i)U
AmMaltpf 27n 27V4 2Ji 2"M
Am suielt A itgf ?,, ,(jij ..7 t .9 ,
Am Sm & ltd pf Ki7uj io7M IU7H 107W
AmsiPBlroundtlel.... oaii 87!i Uoli Oih
Amsticat lleflnln.. ..Ut'l HJi Hi V2
AmSunrltefpf no 110 110 110
Am In lei 1.4 U4 ij.U 124
Am rohvico i27 22U J7 Jw
Am Woolen 41K jif 4 .4" H
Am Woolen tr 61 4U'l 4 lit 4!M
Am IVoolen pf 07H J7 i7 V7
Aturomli Copper 70 77 10 70
AtchT,Sf too I07X IL0; 107
Atlnllc Coait Una... ill 112 111 11 'M
Halrtln Loco 115 I M 4 U4W 115
Udlllmoru A Ohio OIS UJ 91 'f 02l
Ualllmore & Ohio pt... 74U T 75 75
Uethlehem ateel 44I) 445 44 1 445
Hinoklvn Uaplil lr.. m! -u -i 7
Ilroolijn tnlon Oa.. KO 1U 132 133
UroMi bhoe 41) 4u)j 40M 4U)
Miller an ixrlor 02 12 bl 02
Uulletlrlc Co 3l UM MM MM
Lai I'plmlpiira 10 2'l i 20 'MM
Cil Pelroleiim pf 5i 15 i ,H 45U
Canadian Pacific lm 10lh I03'i I0l!i
Cent Leathet Co &JU U A3 i 63i
CbcsapraLo & Clhlo.... (.7 ,9)f 41'f, jyif
Cblno Copper.... Wl 1!J 4S1 484
Cblcajo Great West.... J3U 14' 13 14
CM (Jt West pf 4m ;04 ', vt'i
Chi It I A Pao i3H i-2 i J2U 22H
. hi Mil & ht Paul 0)U 04H 0)M 931j
CM&StPpf J25 12U 12W12.
lit A Norlhwet... ;i 3 (I)4 1 1,
Chi St I'M 4,0 115 US 118 11
I. L, I. & ot L o 40 4i) 4J
C 0 C , ht I. pf 70 72 72 2
Chlcaco & Alton 13 ltH 14H MM
cu-aho Mm. oc . , i 5)i H-M an
Col H Southern 30 3 32 35
Col&Solstpf 4854 54 bi 61
iiiMj.HMie.i U.U.... sl.! 14. i nt 14114
tonllncnUl Can Ui UO'f l()7 107
'.orn 1'roducts Ret .... I8!t' 18! lni 18' S
Com 1'rod Iter pf 8014 sO 50 0
Lmclblo bteel W)M DJ 8')la 1)14
Crucible bb-el pf 107 MM l00i lOUi
Cuban-Am sujar ll.' U0V4 lib-. Utlli
Uelau are & Hudson.. 141 140 1454 140
Oen A, lllo Utaurte.... 10 104 lu 10)4
Uen i. Itio (jr pf 1514 1714 10 17
Distillers,' securltlei.... Jo J5K "Mi 31U
Dome Mines 2 2J 22 22
Duiss& Ati s;j 0 0 0
i- 1U4 5 34)4 35
trio 1st pf A3) HM il 544
tHe2dpf 14 tlh 14)4 44)i
red Jlln & fain pf .... 5l 51 61 51
OenChemlc.il 3o 35") 3o 3)0
General Motors J4 HI H'J 142
tioodrlch It ' Co 7,)f 75t 74)4 74)4
Great Northern pf ,...I22' 121! 122H 124)4
lit N cfs t.r ore pmo. 19 5l 40)4 40 4
jiiccrnlieim bxpl'n . H'J "7 4 07K '1.44
Hav El Ity LAP pf .100 lOlW lOOK 100
Illinois Cent 109 101)4 1U8U 109)4
Inter Mcel Co lr -217 lb)4 217H .lb)
Int Agricultural pf.... 51 61 H 6.1 6J
niter Con Coro'n 22V 22JJ 2214" 22J4
Inter Con Cor pf 78 79i 8X 70
lutllarrNJ lO-SSi 10S 10o 108
Inter Met vot t c 22)X i2i 22)f 22)4
International Paper.... in)f 10U 10)4 10
Internat Paper pf 39 i AOii 30)4 40)i
Innjlratiou Copper.... 45 10)4 45)4 i4
Kan City southern.... .'0 20)1 28)4 8K
Kan City ho pf 00)4 01 01 01
l-acLhteel bVA 81H bOSf 81
LaVe Erie X West 9 12 10 12
LaVe trie & West pf.. 2.1 28)4 24V4 28)4
Lehlcli Valley' 153 154 blH 151
LlBBCtt & Myers 22-4 229U 229) 229'f
Lonk' Island 45 -48 47 49
Loose Wiles Ulscult. ... 25H 23 2J 23
Loub&NashTlllo 121)1 125 121 125
MacUy Cos 78 78 78 78
Mameil Motors 50 67H oOvf oO
51 ai Motors 1st pf.... W5 145 Ot 04
Max Motors 2d pf..... 47)4 17)4 46)4 47
Mexican Petroleum.... 01H 03)1 OIH 93)1
Miami Copper 34)4 35V4 34)4 34!4
M bt P & b SM 120 12151 120)4 12UJ1
Mo Kan & Texas 5)1 1 Mi 0
Mo Kan & Tex pf 15 16)4 14)1 1.654
Missouri Pacific 4)4 4)4 4t 4H
lal Knamei 4D 21H 2J51 2014 1'OH
Nat Lead WU I7U Wi 0 4
Nat Lead pf 11W 110)4 110)4 110)4
Nat Ily of M 2d pf... OH 6 654 05i
uvada con Cop I5)i 16)1 1.6W 151
New Vork Air Drake.. .150 1404 149 H 140H
5 V N II 4 11 78)4 81)4 71) b3
New York Central B9'-4 lOlM 1001 101H
NY Chl&StL 37)4 40)4 374 40M
M(04 West 30K 32H 40)1 31 i
iNorf&West U7M 118 U7i 1171
Northern Pacific 113)4 115)1 114 115
Pacific Tel & Tel 4554 45!1 41 44
lennltlt IB 117 U3H 110K
Peoples (las Chi 11SJ1 12j 119 120
Peoria & Eastern 0 11 9 11
Philadelphia Co 0554 05 04 05
Pittsburgh Coal 384 39 38)1 3834
1 ittstnirza Coal pf... Uu 11054 110 110)4
PlttsOC&StL 75Ji 77 704 77
Pressed bleel Car 714 71 70 7054
Pullman Co 115.6)4 100 105)1 100
ItybteelBpc 48 47)4 47 47
Itay Con Copper 20 iOH MM 2054
heading 16254 10J14 lOlr, 102)1
Heading 2d pf 84)4 85 85 85
hep Iron & oteel 62)1 52)4 62 62)1
Itep Iron 4 Steal pf.. 103 10354 103)1 101J4
Humoly Co 5)1 5lf 551 511
bt Louis &BF 4 4)4 4)4 4)4
fccaboard Air Line 11 17'1 10)4 17)1
beaboard Air L pf :9 4t!l 39)4 41)1
bears Uoa & Co 154 154 151 151
bloss-bhef 8 &I Co... 68)4 59 57) ' 58
boutbern PaclAc 0511 0754 W4 07)4
bo Porto It Sugar 110 121 120 121
boutbern Hy 10U JOM 10)4 10H
fcoutnern lly pf 8H O'J 5954 0)
btandard Milling pf... 80 80 ( S0)t 80)4
btudehaker Co 14. (t 14354 I4.-H I42J4
Btudebaker Co pf 109 10954 101)j 10')54
Telin Copper 01 05 04 U oi 1
Texas Co 1C851 10S 108 IU8
Texas & Pacific 1354 1351 13 13
I bird Avenue 00)1 01)4 V)M 0054
TolBtL&Wpf 051 10)4 1054 10)4
llilon Pacific 139 137)4 lJ'Di 137)4
Union Pacific pf 80)1 81)1 81)1 81)1
U b Ind Alcohol 102 10154 101 10154
U b-Cast I P & V 25)4 25 .5 .'6
United liys lorest 2554 254 2654 25).
United Itys las pf 42)4 44)4 43)1 44
U 8 Kubber 64 54)4 54 64
UB Steel...., 80)4 81)1 80! J 81M
UBbteolpf 11411 11411 114)1 11451
United Cigar Mfn..... 6051 60 69 CO
Utah Copper 70 70)4 09W 70
Va-CaroChem ,,..41)4 41)4 41)1 41)1
Va-Iron Coal & 0 67 07 (15 65
WeslK&M 13))f 1.44)( 131)4 13354
Westfnghouso 1st pf...l50 160 160 150
Western Maryland 3351 301 33)4 .34)1
West Maryland pl.t... 4854 60 40 60
western Union Tl 70! ( "8I4 77 78)4
Wneel & Lake Erie. . . 2)4 3U 2)4 311
Wheel 4 L K 1st pf.,. 7 12 OH 12
Wheel 4LK2d VI . . 2J1 3H 3 34
1lliy1 OtrerUnd 238 21)0 233 .32
Wisconsin Central , . 35 37 35 o7
Total sales, 68S.000 shares, compared with
708.000 shares; this week, 8.1 03.000 shares,
samo period last week. 0,107,500 shares,
RAILROAD EARNINGS
ALAUAMA. OIIBAT SOUTHEllN.
1016 Increase
Fourth week September. l'2ti,i7 'iia.uj
From July 1 1,170,526 'JB.1V5
ANN, AHDOlt.
Fourth week tWptember. V),S57 !7.C-'2
Month 200,24J I5.8J1
From July 1 ...... .. 600,046 MJ.OU
nWN CITT LINKS
Fourth week September. I.-2H.I0T IU2
From July I 8.031,403 ei.Ias
COljOnADO AND BOUTHEI4N,
Fourth week Uwptember. 117,TI 2t,lH7
From July 1 .. ,. 8.O2S.078 82,651
Oecreue.
Municipal Bond 8lg Heavy
The aggregate of muulctiwl bond sales In
the V'nlted btatss during September was 121
tSlUStt. cotnvared lth Il3,?78.4b0 In Beptem-
br, 1011 ? respective figures for the first
nine nivmus 01 1
4W.C11 un4 fide,
nlne months of this, year and last aro 0J,
,,,
FOREIGN EXCHANGE
Yes.
Sterling High. Iw. lt. Close.
Demand 4 00V4 4.00 4 BO'54, 4.00H
Cnhles .. . 4.10 4 00 4.091, 4.70)4,
Francs
Trmamt ,. B.8S
Cables ... S.at
Mark
Demand .. M
Cables .... Bi
Sit
S.SI
8.143 5 1
ft.R2 8,14
M,. " M14
tl" Ht",, MK
WHEAT WAS STRONG;
SPRING RECEIPTS UP
Speculative Interest Expected
to Revive Movement From
Farms Increasng
CltlCAQO. Oct. 9. Wheat prices grew
Btrormer oer nlqht, nnd nt tho opening
totlny allowed advances oor yesterdny's
closlnc; figures Tho undertone was not
welt mipportcd. ns n gradual decline Bet
In later. However, quotations wero above
yeqtcrtlay's prlcea nt noon.
Spring receipts are Improving, with ship
ments of winters In moderation. Traders
;milo the Ions side of tho market on
reaction.
Speculative Interest Is expected to re
vive with the wearing; off of tho bearish
sentiment caused by the Goernmcnt'a
report. One bright spot on the horizon
of the bulls wbb the report that acreage
for the new winter crop will be fully 10
to 15 per cent, below the previous one.
The Increased movement from the farms
Is taken as an Indication that farmers
arc not going to wait longer to secure a
higher price.
Corn and oats wero steady, with busi
ness light. Prices showed little varia
tions. Export salts reported were 1,100,009
bushels of Manltobns. It Is Bald that
many sales for foreign deliveries are
being withheld, as 11,000,000 bushels of
wheat left American ports this week.
Sales of 1,000.000 bushels of corn for ex
port are snld to have been made In the
prct few days. Chicago ensh handlers
sold 16,000 bushels of wheat, 100.000 bush
els of corn and 150,000 bushels of oats, all
domestic, for seaboard delivery.
An unsteady tone pre ailed In the Liv
erpool market. Spot and cargoes were
Irregular.
Leading futures ranged as follows:
Yeit'd's
Whint
December
ipcn. inn
Low. Clofe.
cloo
l.(2'4 1.03V 1.02 l.(i2Vj
103 J 1 01 10.''4 1.0.1
1.02
1 02V4
fiO'l
.VllI
M
t3I
aiiv
Corn (ne- delhrr))
October
tv
no
51H
5S4
.W4
Ieccmber
May .
Oats
I'eember
May
Lard
October . .
No ember
January ..
Itlbs
October . .
Jn ember
Januhr
Tork
October . .
December
57
5S'I
nn
as vt
Mi,
38.
5s;
3(
3R.
0 17
, 0 37
0 30 0.17
0 27
0 27
TO 52
0 3",
113
0.47
14.70
14 0
17.47
11.15
I) I".
0 33
0 35
0 47
0 30
637
107
14 47
1170
17.35
.14 ro
.14 (.7
.17:10
14 m
17.47
14 7
17.30
januiry
BIJ tAskfil
Sales in Philadelphia
Test, close High, Low. Close.
10 Am Cement 42 42 42
00 Am Gas 114 115 115 115
20 Am Milling .... 0 0 0 0
11 Atchlsori 100 107 107 107
100 Am Loco 00 00 CO CM
10 Units J F 02 (12 02 C2
25 lluft 4 S t O Pf 42 42 42 4.'
100 Bait & Ohio ... OIH 03 03 03
6 Brook Rap Tr... 80 Vi 80 80 80
1802b Cam Steel CSH 70 00 CUi
10 Cramps t o DO 01 01 01
100 Ches & Ohio ... 50 67 67H 67K
200 Clec Storage ..74 73 73 73
075 Erie 3411 35 34K 35
10 Qen Asp pref.. 70 71 70 71
018 Lehigh Nav .... 7071 77 77 77T
103 Lehigh Val . ... 70 70'4 7014 70K
100 Leh Val Tr pfd. 8714 37. 7'4 37
10 I'hlla. Co .... 4N 48 48 48
015 Ponna H It... C8 tSA 58la 58(4
30 Penna Salt Mfg.100 100 100! J 100H
25 Penna Steel pf. 02 02 02 02
150 P.Mia Eleo .... 25 26 25 20
1305 P n T tr ctfa. 13H 1BJ4 13K 13H
CO Phlla Trao .... 70 70 70 70
582 Reading 80 81 81 el
130 Bo Rwy 10?4 !0H 20 20Vt
85 Tono Belm .... 3 8 3 3
405 Un Trao 41 42 41 42
275 United Gas Imp S5 80 80 88
5080 U S Steel 80ft 81 81 81
25 Warwick I & S. 10 10 10 10
28 W J & Seashore 48 48 48 48
Total sales, 33.003 shares, compared with
38,600 shares yesterday,
BONDS.
Last prev. sale. High. Low. Close.
$112 O Stl scp Fb '17.101 101 00 09
1000 do May 1917.. 101 101 00 00
100 do Noy 1010 101 101 101
5500 Elo & Peop Tr 4s 75 75 75 75
1000 Leh Val gen 4s .. 100 100 100
3000 Span-Am I 0s..l01 101 101 101
8000 Penna gen 4s. .. 07 07 07
Total sales, 120,385, compared with 243,154
yesterday.
Local Bid and Asked
Testerday'a
Bid. Asked.
114 115
111
68 68
SO WM,
62 61
7J 74
out! 7o:n
13 14
, ,1 , .
Baldwin
do pref
Cam Steel
Cramps t e
J Q. Urlll
Electric. Storage ...
General Asphalt ...
do pref ....
Keystone Telephone
do I c
do pref , ,,
Lake Sup Corp
Lehigh Nav ,, ,
LchlKh Valley
LehUh Valley Tr...
do iref
Penna
Phlla Eleo
Phlla Co
do 5 per cent, pref,
do U per cent, pref,
Phlla Rap Tr
do t o
Reading
Ton Bel
Ton Mln ,
Union Trao ,
u a 1
U B Steel
York Hwy ,.
do pfd ............1
LIVE STOCK QUOTATIONS
CHICAGO, Oct. 0. 1IOOS Receipts, 7500
Market OtflOc higher. Mixed and butchers.
17.5088 701 good heavy, i7.7OB8.03i rough
kuj&wt& iT-7698-TSi "'" b
CATTLH-ltecelpts. SOO. Market steady.
Beeves, 45 25010 SO. cows end belters, $3 258
8.75 calves. l) 50811 10. w
SHEEP Receipts. 2000. Market steady. Na
tive and Western. 4306,10, lambs. Id 5038 85.
COTTON CLOSED WEAK
NEW YORK, Oct HHeavy gelling by
Wa)l street caused weakness In cotton
this morning at the start. Declines rang
ing from 9 to It points were noted In all
options, except October, which was un
changed. After the call further declines
of 6 to 10 points were sustained, stop
loss orders being reached.
Prices continued downward to the close,
which was weak, rtt 10 to Si points under
Friday's nnai ngures.
Tes. close.
Open.
12.06
High. I,ow. Close.
January ... J2J7
December . ..12 50
October 12.28
March ..... 12K9
May "IJ
July 13.20
Spot
12 CO 12 62 12 55
12.55
12.23
12 86
11102
18,07
12 55
12. is
12.07
12 73
12.88
12.00
12.40
12 07
12 70
12 CO
12 1)2
12 5
12.2(4
12 87
1104
13 07
COTTON STATISTICS
The statistical position of cotton Is as fol-
, Tbts w'k. Last Vk Last year.
Visible supply . 4.420,178 4.210.8erS,Ooa.2lii
Of which Amer-
lean ,. ....,., 8,271.178 8.08 l.MS 1,01(4,207
Total In sight
October 8 . . 1.388.058. 1.830.213 1,M5,30
Morgan Instruct SaleameR
NEW YORK, Oct 8 I P. Morgan today
gave final Instruction to the 700 bond salesmen
who wIL sell tha sew Anglo-French eSOO.OOO,
UO bonds. Morgan said this great loan was
not pro Urltlrh nor antl-Utmlau. but pro.
AujuUan, sad bid tbtai U "aood JuckV
Today's
Bid. Asked.
...115 115
Ill
... 0J TJ
... 00 l).
... 61 i;j
... 73 74
...32)4 33
... Ol) 70
... nu 14
... 05 0)1 . 05 WJ
... U 11 I) 111'
... 75Ji 75! 70 77
... 704 70ti 7)1 7UU
... IN , 1S IS 183
... 37 37 37U 87
. 58 BSVt 67J1 57l
... 25J i0 25 20
...47 48 47J 48
...88 40 38 40
... 48 44 43 44
... 18U 13 IK 1JH,
... 13(1 13; is isa
... 814i 81 SO 81
...8 11-16 3 3J 3
,.. 41 42 412 42
... S 86 85U 86
,.. 81 81 S S0 oOg
Local Half -hourly Sales
10 to 10:.10 A. M.
23
20
10O
400
ion
10
loo
10
So
200
w j b. s e
War I A 8tl
Cam Steel..
do
do
-do
14 ending
do.
Cam Steel
do
do ....
do .
200 P n
100 Erie
Tic
100 Cam Steel
inrft ou 00.
50
m
5
do..
Vt .35 Un Traction
81 100 Leh .ar
81 5 do
) 10) Cam Steel .
(Uli 100 An.
300
21)0
do.
do...
do
do.
30
33
to
5
SO
to
t.eh Val
7ltv.
50
I Salt Mfg.HflS 200
8 Steel
IllU AOO
do.
do. ...
P R T 1
. MK 2.1 Pa steel pref
. mj 10 Krle .. . . :
i)U 23 On Traction J
. ) 100 P R T t c . 1
. siC, 2.1 do . 1
Uh ) U 8 Steel . . (
81 Ji 500 do .. . I
. 81 1UO Cam Steel , (
200
2(0
Cam Steel. ,
ao....
tr 8 Steel...
P It T t e.
100
20
X
40
HI
u h ateei.
do ... .
Leh Val.. ..
leh V T pref
Cain Steel.
do
do
do ,.
do
do ,.
do
do
Leh Nav,....
do. ,..,..
Penna .......
Cam Steel, .
do
do ,,
U 8 bteel ..
do
;Uj 3.1 do .. 58.1
v 2io Un Traction. J
(lU loo do. . . 4
ijI ao Phlla Elec . :
U so do :
int., do.., :
(liU 100 Penna ... 53.1
!) 1 100 do
f!) 10 Crampa t c . '.
77 40 Cam Steel. (
77 looo do. .... 1
100
l(
200
loo
.,0
loo
100
ru
23
75
50
100
.'0
20
II)
20
100
300
2t)0
200
.VIO
50
.'4
l
4l1
UK)
Nil
500
:io)
.100
100
naji 10 So liny ..... :
-11 Heading , Hi 1
4 Cam bteel... "
:) do I
so Un Traction. -is
lh nl .... '
P 11 T I n .
200 Cam Steel. . 1
in.1 ... ,
Cam Steel,, . nvU 100
"v4 v" w. ... .. 1
U 50 rtn (
UO.. ...a.
do
do. . , .
do
U 8 Steel.
0-)S 1(K P It T t C . 1
(US 21 do !
(M toil Cam Steel. . 1
Mi, '.OO do (
do
Cam Steel.
do
do
do
do
do
81 100
do. . .. (
do (
do I
do )
tu too
irju
Km)
(iUV
(3)(
20
100
do,.
(Mis 5i Eleo Stite
a 21X1 Cam Steel.
do IWft 200
do (!!. 4(H)
do
do
do . .
do ...
do
do
do
S Steel..
1I4
10
100
,"K)
SO
100
Reading .. 81 1-ld 20
do M 100
Cam Steel Oi 25
do 0.) 100
ao r,n 100
do U) lu U
10:30 to 11 A. M.
100 Bo lty .
100 I-eh Nav
50 Erie . .
500 Cam Steel
1) do . . .
50 do .. ..
4 Penna ....
SOO Cam Steel
20 100 do
7 50 do
34 11 Atchison ..
70 10 Am Cement.
70 100 Cam tftecl . .
fll'4 100 do
511 5B R T
. 01V,
lo
. 42
.
. 0')
80
. reiN,
. R!)
. 60
,. 6J
.. n-K
. 80
. ewi
,.
.. 77
. 00
. so
. OllV.
. . ra
. 6!v,
. on
. (VII,
.. 60
. . 71
. 71
oni;
.. 8l'
. Rd
. wi(
$
.. 0.)
70
no cam steel ..
10 do
100 do
20 do
21 do
2.1 1! Q I ...
100 Cam Steel
20 do
108 I.h Nav
50 do
70
70
70
70
70
70
70
70
81
200
500
200
.10
10
200
do
do
do
do
do .. ..
do
do
10
100 V 3 Steel
iro Am I oco ..
(fllJ a I .. .
lfiOCam Steel
2(0 Penna
too Cnm Steel
100 do . .
.100 Erlo . . .
100 do
10OP n T t c
5 Penna
21 do .. .
lfOErle . ...
loo Cam Steel
100 do
50 do
Ki Erie ....
100 do
5S
7(1
70
111 do
. ... f.
. 34'i
. n2
sw
5
. 34T
. "0
iti;
. nt'H
.11 '4
.it';
. .14.
41H
(Viv.
. Cl'i
31 200
do
1 200
do
do
20
10 do
in Elec
Stor
1 do
70 Cam Steel
no U Q I . . .
20 do . .
10 Penna ....
10 Ton Bel ..
20 do . . ..
21 Elec Stor
50 Cam Steel
100 do
50 Union Trac. .
10 Cam Steel .
200 do
BONDS.
4000 Wee & People's tr ctfs
1CO0 do
71
75
11 to 11:30 A. M.
00 Cam Steel
50 do..
M) v, .100 Cam Steel . .
nil
trui
41
4sy,
42
81
81
M'4
81
811
81'l.
Kl'w
8l
a
68',,
SS',4
!' a ao
21 do. ... n
20 Am 51111 3
32 Am O Co NJ.111
H4 Un Trac ....
0 W J a s S.
15 Un Trn! . .
a do. ... 1 in 10 do
11 do. . .. Ill 100 Reading .. .
2 do 113 17 do
100 Penna .VHi loo Cam Steel
21 Pn bait Mfg..loOV, 100 U s Steel ..
65 Un Trac . . 41 1R Lie Sup Corp.
ino do flat 4. 21 Reading ...
100 do..B4I1at42 110 U. O. I. ..
100 Leh Nav . 77 40 Reading
1VV VI1CS CIC VMIIU MS .11' IIO. ...., .
20 Cam Steel
ill. 10 do.
5 do.. .
5 Penna. ..
500 Cam Steel
5 Penna. .
, (Hi; 100 Cam Steel
os-s 21 Penna. ...
. m 15 do
SS'le
BONDS.
82 Cam Steel scrip Feb 1017
18 Cam Steel scrip Feb 1017
15S.S Cam Steel May
18 Cam Steel May
IS Cnm Steel Nov 1010,
600 Elec & Poo t c 4s j
1000 LeHch Valley annuity Cs ,
3000 Spanish-Am I Os , ,
11:30 A. M. to 12 M.
60 Cam Steel... fi", 3 Penna ....
100 do R)i 100 U S Steol.
100 Reading .... 81 .10 P R T t c
14 Am U C N J.115 20 do
100 P R T t c. 13 100 U S Steel.
.101
.161
.101
. 1)0
.101
. 75
.134
.101
68 5.16
. 81
1.1
UK.
.. m
i'l ao H'l
. H'4 100 do.
100 So Hwy .
100 Cam Steel
55 Ton Mel .
60 U S Steel
. 2011 20 Ih V T pref .17
"LZ
. W) 100 Elec Stge.... 73
. A 270 U S Steel... M'4
. i)i os do..
10 do..
50 Penna
:::SSS
100 Cam Steel
100 ao 00
21 do ClG
100 P R T t C. . 1T)h
70 do ll
10 do nv,
17 Phlla Trac... 76
40 do
200 Cam Steel.
200 do
100 do
20 P R T t c.
5 do
100 n & o......
1000 U 8 Steel...
20 do
60 do ,
loo Cam Steel .
10 do
100 do .
20 P It T t c,
2.1 do
100 War lr & 8t
... SH'd
6!)
00
60
11
n-iirouam steel.. (J)
l 30 do 01)
81 100 do 00
81 10 Ih Val...... 76
811000 u 8 Steel. . 81
(H)(j 100 do si
60 200 do 81
)E)4
iu ao nu.
18 Phlla Trac... 76
5 Gen Asp pref 70
5 Lehleh Nav.. 77U
iovi
200 Cambria Steel
5 Gen Asph pfd 71
100 Cambria Bteel (H)
100 do 69
25 Cambria Steel im
oo IIOU,
do 61)
do ,3
do 60
do I
do 60U
1.1 rroua 'rrac .. 10
50 Phlla Elos
n camoria steel ('
35 do
S Steel...
do
81
10 U S Steel
SO do
15 Erie
no it r fltM
10 Phlla Co ...
10 lhllh Nav.. 771
SI 4. SOO Cambria Steel CDV;
30 I, Val Tr pfd 37f 10 Union Trac.
5 Penna.
58 5-1 6 25 R A 8 pfd t o 4:
60 do...
10 Brill J
... 58 200 P R T 13
... 62
BONDS.
125 Cam Steel s'p Nov 1010 101
1000 I.ehtgh Valley gen 4s... ., 1 00
8000 Penna gen 4s 07
12 Cambria Steel scrip Nov 11)10. ...101
12 Cambria Steel scrip May 1017 10
12 Cambria Steel scrip Feb 1017. 0U
r
MINING STOCK QUOTATIONS
TONOPAIl STOCKS.
ru
20
15
UO
8 I)
DH100
09 10O u
81 GO
81
35
Bid. Asked
. .78 ,h0
. .03 .01
, .11 .13
. .20 .21
. M .32
. .10 12
. SK 3i
. 2 2 7-16
. .11 .30
'. .00 .If
. .53 .57
:s.
. .28 .30
. .03 .04
. .43 .43
. .02 .0.1
. .01 .03
. .07 .00
. .03 .00
. .04 .00
...45 .47
.1.85 1 40
. .10 .20
.1.30 L23
. .38 ,3U
. .07 .08
. .11 .12
. .00 .10
. .01 .03
. .03 .03
. .17 lu
1.37 1.42
Jim Butler
MacNamara
Midway
Mlzpah Extension
Montana
North 8tar
Tonopah llelmont ,
Toncpah Extension
lonurah Merger ..
Tonopah Mining ..
ltcscue Eula
West End
COLD FIELD BTOCK8.
Atlanta
Blue Bull
Booth
Bulldog
O O U :
Combination rractlon ...........
Dlamondtletd B II
Daisy .........
Flort-nce ,
Ooldneld Consolidated
Uoldfleld Merger ,,
Jumbo Extension
Kewanas .,
Oru .. .,,................,,,
Rind Ken ..................,
Stiver Pick
MISCELLANEOUS.
Fulry Alleo ...
Klmlerly ...
Nevada Hilt ....
Nevada Wonder
NEW YOItK BUTTER AND EGGS
NEW YORK. Oct. 0. BUTTER.-Market
steady, receipts, o.ui packages. Extra.
2Je
hlgner scoring, .cur.iv.nic , oiais aalry.
.nun., 4.UT-.U.UW . man u.irv. .n
J.T. . ..., M.,.n.- --.. w
2oc.i lmnuiion crciuery, Mtl.ic
EaGS-Market steady, receipts, 6040 pack
ages. Extra firsts, reguler packed, 33j3!c i
firsts. 2SSJ2c i nearby whites, regular packed,
47U5QC i mixed color, gathered, 270.10c
refrigerator Orsts, 24(f25c,; nearby browns.
300 36c
f in
Fort Du Pont Soldiers Will Hike
DKLAWAHE CITY, Del., Oct. 9.-Th
ll!th Company and the 139th Company,
Fort du Pont, will leave that place about
( o'clock tomorrow morning and hike to
Phoenix, Md., where they will maneuver
with the troops of the coast defenses of
Baltimore, returning to Fort du Pont
about October ZS.
New Steel Plant at Chester
CHESTER. Pa., Oct. 8, Another steel In
dustry to be known as the Atlantic Steel
Casting Company will locate In this city.
The plant of the Keystone Steel Casting Com
pany, which has been Idle for two years, has
been purchased The Incorporators are u. W
tall, A. R. Bruuker, It J Brunker, Dudley
Shoemaker and Charles ToUn, Jr., all oi
Philadelphia.
LOCAL STOCKS REFLECTING
Fear of Labor Troubles a
Resuming the Leadership Cambria Steel
and Coal Issues in Demand
There Is hardly a slncU line of busi
ness In this vicinity, as weVI ns through
out the country, concerning which re
ports nro not more favorable since the
nnnnelnB of the AnBlo-Prcnch 500.000.
ono lonn All tho fundamental elements
are on a sound basis; money Is unusually
ens. duo partly to tho new banking
sstem, nnd partly to the heavy excess
of exports over Imports. Crops are One.
nnd stocks of merchandise are small,
while lastly, but by no means least, the
attitude of tho Government toward cor
porations appears to have undergone a
decided chance for the better.
There aro two offsets to the favorable
fenture of the situation, and both of them
aro serious. One, the tariff, has not
so Krent a bearing at present, on account
of tho war, but the flnnnclal world has
not forgotten the depression prior to hos
tilities, when the Democratic party came
Into power. The other unfavorable fac
tor has not yet developed fully, but Is
evidently on the Increase, and that Is
labor trouble. This unrest Is dally grow
ing as business prosperity returns. The
anthracite trade Is looking ahead nnd
alrendy storing coal, pending the end
of tho present agreement, with the, miners,
and elsewhere agitators nre at work.
Meantime stocks continue to climb. The
FINANCIAL BRIEFS
The New Tork Stock Exchange has ad
mltted to list Delaware & Hudson Co.
subscription receipts for 5 per cent. 20
ear convertible bonds, due 1935, full
paid and part paid.
A seat on the New York Stock Ex
change has been sold for Wi.SOO. com
pared with J63.O0O, tho previous sale.
The Bank of England today sold 208.000
In bar gold, nnd shipped 230,000 In sov
ereigns to America and embarked 200,
000 for Egypt.
Tho New York banks gained e5,6U,000
from tno Subtreasury yesterday.
The London Stock Exchange was closed
today.
Tho regular meeting of trustees of the
American Iron and Steel Institute, which
was to have been held September IS and
was postponed until the icturn of Judge j
1.. 11. uury irom Jinuan, nns ucen again
deferred on account of the unavoidable
absence of a number of trustees and will
bo held October 22. when the Institute
assembles at Cleveland for Its regular
fall semiannual meeting.
Commercial fatluics this week in the
United States were 313, against 331 last
week and 437 last year. Of failures. 13
roportcd liabilities of $3000 or more,
against 123 last week.
Brndstrcet's says: "In the economic
situation performance follows promise at
a rapid pace, and as unfavorable factors
are eliminated even lagging- lines are
brought In touch with tho circle of grow
)g activity. Industry shows notable ac
tivity. Shipyards nre working at top
speed, Bteel mills are producing at a
rapid rate, blast furnaces aro working
at an unparalleled gait, eight of the
country's crops are of record proportions.
this week's bank clearings reached peak
point, textile mills are on full time,
woolen mills aro busy, plants making
munitions of war are overtaxed, flour
millers are pushing production on a nlxht
and day basis to take care of .home and
foreign demands, machine tool4 shops are
turning down orders because of Inability
to make deliveries, building values for
September show a sharp gait; over last
year, our relations to International po
lltlcal affairs are seemingly moro reas
suring than at any time since tho Euro
pean war started, and nlmcst every
where In the country optimism Is rife."
The average price of the active railroad
stocks crossed par this week for the first
time since the exchange reopened on De
cember 12. 1914.
Mldvale Steel stock, "when Issued," was
traded In on the curb from 76Vi to 77b.
with last sale at 77. an advance of 3V4
poinds, later quoted 76 at 77.
PHILADELPHIA MARKETS
CHAIN AND FLOUR
WHEAT. lleceipte. 108,873 buBh The mar
ket ruled firm and lc. higher under a (airly
ulle demand and stronger outside advices
Quotations Car lots, in export elevator No. 2
red. spot Hnd October, $l.l(l',itl 12V. No, -'
bout hern red. $1 OsVAl loVi, steumer Nn 2
reu. 107H10'iVt. No. 3 led. II 074fil OUVi:
rejected A, fl.0M31.07; rejected U, Jl.OJVjW
l.OSVi.
COHN. There nere no receipts and the mar
ket ruled firm under scarcity. Quotations Car
lots for local trade, as to location Western
No. 2 jellow, 74S7SC.; Western steamer yellow,
7'Wj7jc.: Western No. 3 yellow, 71072c. Dela
ware yellow, 71tl73c.
O.VTO Itecelpts. 116,074 bush Fine oats
ruled steady, but there were freo offerings of
the undergrade, which were little wanted.
Quotations! No. 2 white. 44fT4.'.c 1 standard
white, 4144c ; No. 3 white, :(i40c,; No 4
white, 34.17c: sample oats, SOfiSc; purified
oats graded, 40D42c.
KLOUIL-Itecelpts. 3203 bbls. and 3,:t90.WM
lbs. In sacks. There was little demand from
any source, and the market was largely
nominal. Quotations per 100 lbs. In wood
'Winter clear, 1 75S15: do. strshjht. 13tf5 20:
do. patent, t3 2Sfi3.S0. Kansas, clear, lute
narks, 4.t035 do, straight, lute sacks, M
0 23. do . latent, lute racks,. $3.2341.1 M)l
sprtnr, first clear, $4 MM73 10. do., straight,
IMi3 23, do., patent, $3 4033 00. do., favorite
brands, fMi(..r.o city mills, choice and fancy
latent, loifjCSO, city mills, regular grades
Wlnttr, cler, $4 (5 1.1, do, straight, $313tf
3 40, do, patent, $1.4063 03.
Ul'H FLOUK was quiet, but steadily held.
We quote at $3$5 23 per bbl,, as to quality.
PROVISIONS
The market ruled firm but quiet Following
ere the quotations City beef, In sets, smoked
and alr-drled, 24625c . Western beef. In sets,
smoked, 244T2RC , city beef, knucklrs and
tenders, smoked and alr-drled, 2U627c West
ern beef, knuckles and tenders, smoked, 2U?
2Tc, 1 beef hams, l-SfilO: pork, family, $21 Wtf
22: hams, S I. cured, loose, 12ViM12V,c, do.,
skinned, loose, 124.012HC , do , do , smoked,
niiOU'lc other hams, smoked, elty cured,
as to brand snd average llVtfiMHc , bams,
smoked, Western cured, HHWll'ic,, do.,
boiled boneless. 21922c. , picnic shoulders, H.
V. cured, loose, lOMtllc , do, smoked, llHU
12e : bellies, In Pickle, according to average,
loose, 12812'ic , breakfast bacon, as to brand
and average, city or Western cured, 15MQltic j
lard, Western, refined tierces lOOlOVtc ; do,
QO., UO , IUUS. 1UV4TF1UW7 iru
Ln larrl T1lsa
cltv.
Vtt'tla rendered1. In tierces.' lOUtllOVic. 1
lard.
pure city, kettle rendered, ln tubs, 10V4&:
lOHc
REFINED SUGARS
The market was qulel but steady. The Mc
rshsn Huaar IteAnlnr ComDany was allowlna
concessions of 3 points. Quotations Standard
lanulated, 4 ittc.l extra nne granuiaieu,
00c powdered 3c . confectioners' A. 4 bOc ,
soft grades, 4,0514 63c.
DAIRY PRODUCTS
nUTTEH Itecelpts were) light and the mar
ket ruled firm, but wholesale trade as usual
on the last day of the week was quiet. Quo
tations: Western solid-packed creamery, fancy
specials. 81c, I extras, 20a.; extra firsts. 280)
iSVjc.i firsts. 27t)27Hc.) seconds, 24023c , near
by prints, fancy, 82c. t do., average extras, SOU
8lc: do,, firsts. 27U28C.I do., seconds,. 262tSc. 1
Jobbing sales of fancy prints, 801180c.
KQCIH Fine new laid eggs sold fairly and
ruled Arm under light offerings Much of the
supply, however, was ot unattractive stock,
which was irregular In value. Wa quota as
follows) Free tases nearby extras, Sic, per
doxen: firsts. $0 8000 110 per atanaard case;
nearby current receipts $8 Totv per case.
Western extra firsts tv 8010 00 per use) firsts
I8.70JI0 per case, fancy selected candled eggs
were lobbing at 87080c. per doien.
CJIEE8K OHerlngs were only moderate and
the market ruled steady, but trade was quiet.
Quotations: New York, full cream, taper, new,
13Heiruci specials higher; do., do., fair
to good, new, iV,tfl&.J 00., part skims, 0
12c,
POULTRY
LIVE The market was qulel. but steady
under moderate offerings. Quotations) Fowls,
as to slxe and quality, 1 Mil Be , roosters, 11
f12c.i spring chickens, according to quality
13816c 1 duck, as to six and quality 140
lOo., tarre site preferred pistons, old, ue
pair, l8raoc i do., ypuni;, xr pair, llelecV
r WsWteJD.-F0Ui wera wt-l cloned in
f
IMPROVEMENT JN BUSINESS
Drawback Railroad Shttef
railroads are gradually resuming tk
lost leadership, as la Illustrated by
table of uvcrage prices of tho active lew
which this week crossed par for the
time since the stock Exchange resun
business In December of last year. In4
trials are still booming and, despite Kestvyj
profit-taking sales, are ruling clow
th year's best levels, particularly In Vt
city
Today Cambria Steel was a feature SsT?
strength and the tractions were again M '
demand. The anthracite storks also moves
higher. Tho trade Is showing seasonable
Improvement and this Is doubtless bedngr
reflected by higher Quotations for thM ,
securities. Tho cold weather In the West;
has brought about fair activity and SW
England business Is said to be better III '
New York and this city Improved consJHj
tlons are recognized with an Increased
mand for some sizes which have been Mo'-..
recently, but a number of companies are '
still not working full time and some li
dividual operators are still selling cefl
at concession", of from 10 to cents.
Cramp moved up about a dollar and
did American Gas, which went to a i
high record In the late delaines, wh
Pennsylvania was well token also. 0
the other hand, Electric Btorage Hatter? .
sagged.
A bid of 43 for 20 shares of Harrison
Bros. & Co., Inc., common stock was .
mado In the Philadelphia market today.
There has been no activity In the shares)
which have recently advanced from M
to 49. The company manufactures, amons;
other products, paints and chemicals. Thi
latter business has Increased 230 per cent,
since the European war began on account
ot the high price obtained for nitric anel
sulphuric, and which Is a large part ot
tho product of the works.
The National Bank of Cuba has chlppeel
GOO.OOO In gold and $73,000 In silver and
minor coin to Cuba.
The Eastman Kodak Company has de
clared nn extra dividend of 10 per cent,
on tho common stock, payable Novem
ber 1.
It Is stated here that the cost to the
Mldvale Steel and Ordnance Company ot
acquiring the capital stock of the Ihrce)
ccmpanles It took over was $60 500,000, di
vided ns follows: Mldvale Steel Com
pany, $22,000 000. llemlncton Arms Cojn
pany, of Delaware, $20,000,000, and Worth
Brothers Company and tho Coatesvllla
Boiling Mill Company, $18,DO0,O00. Presi
dent W. E. Corey, of the new Mldvale
companj, stated several dava ngo that
tho company would Issue $70,000,000 capital
stock to cover the coat of acquiring Its
conbtlttunt companies It is understood
that the remaining $9,500,000 subscribed
stock will be used as wprklng capital.
E. B. Smith & Co. bought Cambria.
Steel, while Ervln & Co. sold.
An application to list stock of the)
Chnlmers Motor Company on the Phila
delphia Stock Exchange has been pre
pared by officers of the company, and
will be presented to the Governing Com
mittee of tho Exchange at Its next meot
ing, probably on Monday. Similar action
will be taken to have the stock, listed o
the New York Curb.
For tho first time since 1913 New York;
Central sold above par. 1'f
American Coal Products 0&-any ha - j
uctiucu 10 matte me o per ceni, com, iia'i
stock dividend paj Ale to holders o'cuimT4
mon stock of recorrlictober is The board I
0110 authorized to holders of both the)
common and prcfered stock of record Oc
tober 29 the right to subscribe to 15 pr
cent, of their holdings In pretened stock
at par, subscriptions to be paid 25 per
cent, in cnBh on November 15, and the re
maining 75 per cent. In cash, on Decem
ber 20. With the funds from this sub
scription, $2,000,000 gold notes, due July,l,
1316, w III bo paid off. at par, on January 1
next. The new preferred stock, which is
offered to the shareholders of both class
es, will not share In dividends until April
15. 1916.
add firm, chickens were steadily held.
Follow nig are tho quotations rrU
kl'led Fowls 12 to box, ilr-picked and dry
packed, fancy selected. 20c, weighing heZ
lbs. apiece. tuVic . weighing III, ft 4 lbs. apiece,
1SV4C weighing J lbs. apiece, lJ&lSc. neuh
lug under 3 lbs. apiece, ISOlbc,, fowls, tee
packed Western, IVi lbs. and over apiece. lDc;
do., smaller sizes, 13018c , old roosters, dry-!.''.,-;?
l3cf htckeneJerruy fancy broilers
24tf26c; other nearby fancy broilers, 220r24u.i
JiS"iern broilers, weighing 1W02 lbs. apiece,
10O2ic. , northern Illinois, fancy yellow chick
ens. weUlitng 4 lbs and over, WlJlc.:
northern Illinois, fancy, weighing 2V4e3r Ibii,
17ei8c. other Western, weighing 4 Ybs aSi
over. 10c. do do., weighing 244034, lbs.. ITc.j
Interior, 15016c.; spring ducks, nearby, lu
17c , do.. Western, lOfrl-'c , squabs, per doxen
nTO'8' wasting 11 to 12 lbs. per doxen. $1
R4.73; white, weighing 0 to 10 lbs. per rtoien.
J.I l.,n-1.ei; white, weighing S lbs. per doxen,
I2B302T3. white, weighing 7 lbs. per do) en,
$2 10Q.2..13: white, weighing 0Vi lbs. per
doxen. fl.OO01.ia, dark. $1.3001.70, small an
o. 2, el.
FRESH FRUITS
There was little trading, but prlcr, ot
choice stock were aenerallv steadv nn.,i.nJ:
erate offerings. Quotations. Apples, per bhl. i
Jonathan, fancy. $.1 .VMT4.30 do' lair to Kiiol,
Imven.teln $J ! 73f'l.30.' Northwestern aVeS!
Ing. $2 7.t.1 21: Twent -ounce, ?.W1.2l
I.lush. $2.vi.l23. Wealthy, $2 A)fl V aTlmea'
ilolden, '- w:, Wolf Hlv'er $2..-&. Alex
ander. $2 vnai Hummer flanibo, I2RV33J
I'lPPln, 12RWI. Smokehouse Jj noA 11
uuiness. ajsi.: zu. other viifi.ii.. i
apples, in bulk, per 400 lbs. f 111 20 rrab
aiip.es, per bush.. 73c (B$l, r.ahee. Wst Vlr
Klula and fennsylvanTa. Klbertas, per crate.
15c 3$1 peaches. West Virginia and Pennsyll
vanu. Ebertas, per basket SUTSOc . pa"h"
.O ork ,Kirtas. Per basket-Double extVas,
40 Vk.,. fair to good, !J0IV , pel. hes. Ohio
per hush basket-Fancy 7.MJ0OC , fair to kSoa'.
pel wrrler, SOtluSe . grapes. Delaware. Mcwi
Early and Con-ord. per 4.1b. basket pfille.
grupes. .Nt ork. per 4-lb. basket Dels war?
Wile Niagara. iWllo,' Worden and ?on
rord, inailc grapes. New York, per -awbT
iSlHt-5,n,or,, ftioe lemons' pir bar
$2411, plnrapples. per crate- I'orto hlaa, IlJi
23, cranberrlea. Cape Cod per bbl j&ei?
do , Cap. Ood. per crsts. fj tsu tic.., jjrajy
ir cruie. tl )ti2 P urns Southern ntr SSS.
11 UV81 30. plums. Virginia, Damion. rer ill
lb. basket. 31B4V 1 plums. New York, oir SiZ
lb. basket 1504V I-Ium' "xmlffi.M
lb. basket llrsdrbaw and Niagara inwah??
Itelne Claude. 1SW20C.J cantaldupes CoS"J
per fUt crate. 3f(R3c i da. do.. iV atinS
crate. $1.2382. watermelons. peTcarmJ.
VEGETABLES
Choice stock sold fairly nnd values sea
ruled steady as follows: Whl'e notatL
rood-""5ft'rS,.,uuI.'rl'.'c.'2.J?.s4
ba.k.t-No "' Roi. 4t)o , tV
...... t'.-7-Tr.' :.f l.-vmv.t
h ''XCk-ZZ. T''C """r-""; ..
w. .wvv. , V..(W.,, 4,r Jwu
cabbage, domestic, per ton
rVatu Vrwlr avast ft.Zi- asu
. ,wn.i w(((u,.
per 100-lb
seuvi itwm- inn. kt
T.I
s.-. --" if.' """" .Lfv, ; 1
.." vin.
,pr -t -0.0 1, crHi 91 aai, n
MVIOKNBsl
TMK AKBPIICAN-Uinfwa
la.-.., it!mn.t-.szr .t"""'
Fhll.oTljjiu' .
A quartarly dividend of f -J ,
stvase) has bean ckar4 uu ik. -rl.
ef thW cornMMr, payaM tttr IsaV tasu?
the stockholders of rtcc4 ,t a , .faaJ"!?'
fiav. stb, . .v-necus win b. mini
BlesTssaBsssa, .,., , ., . , ass ,1 ix w. jfc """
aTUWlfJ A JAIlaaB1
AtiXH NDI Bualt-J, t-ri i
4 J Hi. tdcy (, ,,.,
t JtWRKNi r v 1 1
ItlB HKAlyi lAlfc, n, 1.
iJ
r
, 5
fr.