12 EVENING LEDGER PHILADELPHIA, WEDNESDAY, OOTOBEB 13, 1915: I w r r 1 w FINANCIAL NEWS SPECULATORS ARE PAYING CASH FOR STOCKS IN WALL STREET Instead of Being Shaken Out by the Exacting of Higher Margins, They Are Back With Money YOHK, Oct. 13. the experience of NEW Purchases for cash, In an amount far exceeding any In onto of tho oldest brokers, have been features of the stock market this week, These purchases have been In such Iotro amount. In fact, as to create the Impres sion that tho publlo was affronted by tho action of bankers and brokers last Week In exacting moro collateral on loans and mora margins from speculators. In this attitude- customers of several houses have been encouraged by their brokers. Specializing In the war stocks and obliged to securo wider margins or sell out their customers, these brokers have not hesitated to say that the banks deliber ately planned a shake-out. The public refused to bo shaken out. If tho brokers wanted moro margin the great majority of customers showed their willingness to supply It. It tho banks would not let tho public get stocks without paying cash in full tho publlo would show them. It would pay cash at 100 per cent, of market value and would ask no more credit. Nobody could say a word If tho small Investor wanted to buy stocks and had tho money to pay for them. One; house In tho first hour today bought $350,000 worth of stocks outright for customers who had paid In full. Most of thpso wero In lots of less than 100 shares, but It would bo a mistake to conclude that all of tho cash pur chases are for persons of moderate means. A broker from St. Paul, who was here today, narrated an Instance of a woman who had bought 200 shares of Bethlehem Steel and 100 shares of Wcstlnghouso at tho high prices. The broker said he endeavored to dissuade tho woman from tho Investment. Sho would not ba turned aside. If he would not execute tho order she would find a broker who would. "What can you do when pcoplo act like that?" the broker Inquired. In the stock market today tho war specialties wero again the centre of In terest, some wldo advances being scored In this group, while, the railroad shares were reactionary under realizing sales. Tho losses In the rails, however, were not exeat. Studebaker made, the largest gain, 13 points, whllo Bethlehem Steel was only a half point below that at 12W, reaching a new high record of 461 J. Baldwin Locomotive rushed up eight points and Cruclblo Steel rose about four. Tho market was Irregular at the close. Somo of tho gain was lost by tho specialties In the final dealings. Business Conditions Improving Striking Indications of business Improvement wero presented today. Tho fortnightly bulletin of tho American Railway Association showed that the surplus of Idle cars on tho railroads of tho United States and Canada on October 1 was 78,299, as compared with 185,009 on September 1, a decrease of 106,710. The surplus is now no greater than is demanded by the increasing crop movement. Iron oro shipments In September were 7,863,146 tons, the largest for that month in tho history of the trade and exceeding tho best previous September by B67.000 tons. Such figures as these show real basic improvement In business. PHILADELPHIA MARKETS GRAIN AND FLOUR WHEAT. Receipts. 432.325 bushels. Out side advices were stronger and prices further advanced 2c under a fairly active demand. Quotations: Car lots, in P", .Jj.a2;7r No. 2 red. spot and October. fl.14H01.18Vi: No. -8 Southern red. Sl.Uttl.lM; 'teamer No. 2 red. ll.UHCl.iSVJ: No. 3 red. ILUttW 1.1.1H: rejected A, 11.0031.11; rejected B. Sl.07ttei.00H. COIIN. Receipts. 11.045 bushels. The mar ket ruled steady under moderate supplies, but trade was quiet. Quotations: Car lots (or local trade as to location Western No. 2 yellow, 74 75c: Western steamer yellow, 73374c.; Western No. 8 yellow, 71J72c; Delaware yel low, 71073c. OATS. Receipts. 212,077 bushels. The mar ket was quiet and without Important change. Quotations: No. 2 white, 4445c.: standard white. 48CM4c; No. 8 white, 805140c; No. 4 white. 851837c: sample oats, 80Q35c; purified oats, irraded. 4042c. ...... . . , ... FLOUR. Receipts. 2850 bbls. and 1.102,474 In. In sacks. There was little demand from apy source and the market was unchanged. Quotations per ltXl lbs.. In wood Winter clear, el . An wmltrht S5ff7n.?0: do. patent. "isjses.'a0; Kansas, clear. Jute, sacks, 14.80 do. fin da. 1ST ft; do., straight. Jute sacks, S5&5.Z5; Vatent. Jute sacks. f9.2oD9.ou; jvmg. clear, f4 SOJ0B 10: do . straight, f53.25 patent, 15.40fi5.60: do., favorite brands. ft 50: city mills, choice and fancy patent 8 50. city mills, regular grades winter, clear. S-I.IWJ3 IP; do., straight, 15.1Se5.40; do., patent. 1 4nw tW. BYB riJUR wa quiet but steady under llht offerlnrs. Ve quote at iS -J icr but., as to quality. PROVISIONS There was a fair Jobbing trade and the market ruled Arm. Following are the quota tions: City beef. In sets, smoked and alr dried, S462&C.: Western beef. In sets, smoked, 240230.; clty beef, knuckles and tenders, moked and air-dried. 26827c: Western beer, knuckles snd tenders, smoked, 26327c; beet hams, S2S&30; pork, family. f31,6O022; ham;, S. P. cured, loose, 12H12VSc.: do., skinned, loose, 12H612Vic: do., do., smoked, 13V10 13'Ac; other hams, smoked, city cured, aa to brand and average, 13tt614ttc; hams, srpoked. Western cured, 13ttei4Vic: do., boiled bone ltss. 21622c: picnic shoulders, B. P. cured, loose. lOttCllc; do., smoked. 11H012C.: bellies. In pickle, according to average, loose, 12012ttc; breakfast bacon, aa to brand and average, city or Western cured, lBUOloc: lard. Western, refined, tierces. 10Vi10Hc; do., do., do., tubs, lOKOlOttc: lard, pure city, kettle, rendered, in tierces. 10Vei0ttc.: lard, purs city, kettle rendered, In tubs, lOttolOttc REFINED SUGARS Trade was quiet and McCahan and Pennsyl vania were again taking orders at 4.90c. for extra fine granulated, the list price of the Franklin Sugar Refining Company. Quotations: Standard granulated, 4.95c; extra fine granu lated, 4 00c. i powdered, 5c: confectioners' A, 4.80c, soft grades. 4.C6C4.05c. DAIRY PRODUCTS BUTTER. The market was quiet, but offer ings were moderate and prices ruled steady. Quotations: Western solid-packed creamery, fancy specials, 31c., extras. 20c: extra firsts, Sfce&ttc firsts, 27e.'7Mc.; seconds, 24C-3C.; thirds. SZttUCmc; nearby prints, fancy, 32c; do., average ultras, noOillc; do., firsts. 274 Site.: do., seconds. J23g2c.; jobbing sales of fancy prints, 30fi19c BGOS. Demand was light and prices were SOeibOc. per case lower. We quote as follows: Free cases, nearby extras. 83c per dozen; firsts. SO per standard case: nearby current receipts. 18.40 per case; Western extra firsts, S0 per case, firms, 18.40 per case; fancy select ed candled eggs were Jobbing at 350.17c. per dozen. C1USBSE Desirable stock sold fairly and ruled steady under moderate offerings. Quota tions: New York, full cream, fncy, new, 13',Se,13c; specials higher: do., do., fair to good, new, 14ViC15o.J do., part skims, tt12o, POULTRY LIVE. The market was quiet and barely teady. Quotations; Fowls, as to size and quality, lMPluc.; roosters, ll12c: sprinc chickens, according to quality, l&trltfc: ducks, as to slxe and auauty, 14916c. : large sixes pre ferred, pigeons, old. per pair, 18f20c; do., young, per pair, 17(pl8c. DRESSED. Fine heavy fowls wars well cleaned up and firm. Chickens sold slowly and ruled weak under more liberal orferlnge, most of which were of stock unattractive in else or quality. Quotations: Fresh-killed Fowls. 12 to box, dry-picked and dry-packed, fancy selected, 20c, l welshing 4ttV3 lbs. apiece, lutyc.s weighing 3tttM lbs apiece. 16 We.; wt letting 3 lbs. apiece, 1771Kc, weighing tinder 3 lbs. apiece, 15916a, fowls, Ic. packed Western. Hi lbs. ana over apiece, 10a.; do.. aniaiirr sise, loviK. oia roosters, ary1 euckc: basket PTKdshaw and Niagara, 155T20C.: Relne Claude, 15020c: cantaloupes. Colorado, per flat crate. WigSSc; do., do., per standard crate, 11.2102. VEGETABLES The market was generally steady, with de mand fairly active. Quotations: White pota toes. Tennsyhanta, per bushel Choice, 70 73c.; do., fair to good. COQOSci white pota toes, Jersey, per basket No 1 Rose, 40345c.; do., No. 1 other arletles, 33S40c.; do.. No. 2, 15620c: aneet potatoes. Jersey, per basket No 1, 30840c; do., No. 2, 15620c.; onions, per 100-lb. bag. 11.2502! cabbage, domestic. er ton, 1707.50; celery. New York, per unch, 15050c; lettuce, New York, per 2. doxen crate SlOl.25: do., do., per 3-doxen crate. J1.23S1.73; mushrooms, per i-lb. basket. SOcOSl. Sales in Philadelphia picked, 13Uc 24Q2AC, othei ci chick -Jersey fancy brollers. 24Q2AC, other nearby fancy broilers. 22021c j wesiern uroiiers, weigoing Jttv os, apiece, IBS 20ct northern Illinois, fancy yellow chick ens, weighing; 4 lbs. and over. llO20c , north ern Illinois, fancy, weighing SVtOJtt lbs, 17c; other Western, weighing 4 lbs. and over, 18c; do., do., weighing; 2Ui3tt lbs., ISWIHc ; in ferior, lie; spring; ducks, nearby, 16017c ; do.. Western. I0O12o.t squabs, per doxen white. weigiunx 11 to 13 ids. per ooieii. tt.ioiw.uu, white, weighing 0 to lo lbs. per dozen, 13.4' SUO white, welatilna 8 lbs. rjer dosen. M1.7. 3; white, weighing 7 lbs. per doxen, 12.239 J SO, whits, weighing eoAVi lbs. per doxen, 1 tkAftl.w, dark. fl.CA31.81; small and No. 2. JlsTl.lO. FgESH FRUITS Choice stock .met with fair sale, and values generally ruled steady . under rnouerats oner am. uuetat sLsbi Twsalr -Wealth! Ki. ft Prter, iifK'SX, .. -v. . H-MsW: ,. as a puiusbmit jfaaauew slaaoaseteuaa, IXIpas; poena wis Mar, fMM.W; afepi. Uiisw,- ,Wat Vwafafc aa sisrias, per crate, ffjc.wfi; virdrlali us s-esmaysvemaa. s HXillka.'i beacheic ks. per bbl Jonathan, fair 10 booo, t.iMBj; ,' S33.CO; Uravenatetn, trn areenlng. 12.751 pesi.a: mum, cues UrhKes" Oolden, 2. I Alexander, ezouay 3. tlfpin. B.&ffl.i; I. i;J2.do, otser taTblk, per 189 per but., 7K.OX1; renaayivania, peaches. West Hfbertas. per New Tork. mbertaa. auras. 3545c.. fair to seweiws. Ohio, per busa.-basket is fa to good 40e&Oc.t pears. per mx.-secswi. feji", sikwoo. nyi.i", Rune H' Aaaii80. .Kartlelt. No. 1. fZi, lr 4-lk. lfket--DIwar, IMIla, r.Uar,'. Wejllc, orei and Coloord. lft 11... 'w-i York, per 30-lb basket C'i8, eOtMOp-; leoiena, per box. 2a, pine-ar-tli i-er erata Facto Rico, l 8B6.28 rskUiusrrli-M, Cape cm, per HJU f ): -Hi i i.r ('on, per traie, g; isajj; aa., jera in t li ffti. plums. Bouikorn. per at rf.SL; 'V,. t 1 itr.m. Vlreltalj. nmaon. Dar, luat a&a9l- . rAnjam. New Yurk firl20-IU . ' ' - ' . .... . --- -- ,. --J . k-., jiuuu, ntr xersf pen o-w. ar, "SliV, T". "l;i asoei. -xf-7.; nsM-cviaw. tjun 1, mtanv. 71UMIIB- - IHK tl KOOd - T '. -- T":-. i5L..T li..il ttf. per Mrlso-lb! 1800 Allts-Chalm 185 Am Gas 117 10 Am Rwys pf . . . 04 160 Am Loco 67tt M0 Baldwin Loco. . . . 20 Buff 4 s t c pf 42 10 Balto & Ohio 497 J. Q. Brill 61 0S48 Cam Steel .... 60 20 Chlno Cop 215 Elec Stor 74 B0 Erie 35tt 51 Gen Asph pf... 714 100 B. F. Goodrich .. 18 Ins Co N Am.. 23Vi 21 Key T Co t c pf 67 1855 Lake Sup Corp 9 15 Lehigh Nav ... 78 85 Lehigh Val ... 77Vi 125 Leh Val Tr.... 19 100 .do pret 38 15 Mlnehlll sei 100 Northern Cent... 83 4 23 N Y N H & H. .. 030 Penna Railroad. 5SH 102 Penna Bait Mfg.lOlU 60 Penna eteel .... 00 855 do pref 91 10 Pitts Coal pfd.. .. 70 Ph Co cum pfd. 43 899 Phila Electric .. 28 25 Phlla Rap Tran 14 1S30 do tr ctfs...., 14'i 15 Phlla Traction., 77 725 Reading SO1",, 40 So Pacific 220 So Railway 130 Tonopah Bel , .. a 100 Tonopah Mining 6V 558 Union Traction.. 42 409 United Gas Imp. 87 7807 U S Steel 82', 1 do pref 850 Warwick Ir & 8 lOtt 65 W Jer 4 Beash. 48V4 Monday's close. High. Low. Close. 45V5 44V4 45H 117 05 685; 131V4 42 92H 624 70H 52 ii 35 Vi 70 76V5 23H 66 OS 78 77!i 19 37 MH 83U 87tt 58?; 103 00 92 112 44 26 14V1 m; 76 80v; 08 2; 8tt 8H 43 86 S4v; HSU ioh 48V 117 95 CStt i3i?; 42 02S 61 60 52 73 34V4 70 76 -as 66 9tt 78 76 18 37V4 B6tt 83 v; 87tt 58 102 00 00Vi U2tt 43Vi 25 14Vi 13Ta 70 79H 98 20 8 Btt 42 86 82 116 104 68H .yjiS1"1"-. so.1 ehares,, compared 35,629 shares last Wednesday. BONDS. Last rrev. sale, Illgti. LoW saoo Am Gas E 5s, 87T4 88 88 174 Cam Btl ap Mtt.10! 101 09 149 do May 1917., 99 100 99 159 do Feb 191T... 09, 100 09 1000 Interst Rys 4s,, 69 60 60 1000 L N ca 4Vis reg .. 100 100 1000 L Nav ens 4Vis.l00 100 10O 1000 L Val Ken 4HS.100 100 100 12000 L Val Coal 6s.. 103V, 104Vi 104V& 3000 Penna cons 4tts.lU3H 103J, 103V4 11000 do gen 4H 07tt 08 08 2000 Phlla Co 1st 5s.lO0 100 100 2000 Phlla Elec 4s... 80 79 78 2000 4p 6s 102 103 102 4000 Resd gen 4s ... 03V4 93 03 1000 Span-Am I 6a.. 101 101 101 3000 Uo Rya t e 4s.. 73 7J 72T 117 95 SW 134tt 42 92 62 6UVi 52 7J 34 70 76 es Ott 7H 76 18 37 56 83 S7V4 6SH 103 90 02 112 Vi 44 26 14 13 76 70 08 20 3 Stt 42 86 83 113 10 6S with New York Stock Salcs Last does. Adams Express irji Alaska (lold M 34) 44 73H . G8 . 00 C7I 105 High. Low. Close. 1CU 100 102 at 44 73J, G8 M 105 200 ao, 4Ji5, 74J CO w 08 ia- 34 mi 74 08M 00 0814 105 203 01 MH 3 8.1 100'f 10B- 100li 10014 K)l S7), 84), K4V4 164, 107 101 107 mi cow 69 mi ios nm iosh loo A Ills Chalmers Mfs Allls ChMm-Mfj pf Am Ag Chemical .. Am As Chemical pf, Am Hcet Hugar. .. Am Drake 8 A F lr Am DraVo S A K pttr. 180)1 205 Am un Am Can tt Am Caf A Foundry Am Coal Products . Am Cotton Oil Am Express Am Htdo a. Leather . lot, 10'J 10H 10W Am Hide A L pf . 40V, '49f 40'f 40U Am Mneml . . . gj 211 2I) 21W Am LocomollTo ..... CSX 09X 07)i 07X Am Locomotlvo pf . . , mf ogj, goi mii Am Smelt A Ucf . . in! 02H 90 00'i Am Smelt A Kef pf A. 87 87 80J, 80H Am Smelt A lief pf u. 81M 81) 81H 81H Am Sugar IteHnlnt; ....113 114X112 112 Am Sugar Ref pf . . .no 110 1155i llfiJi Am Steel Foundries.... C414 00)f 04 C4 Am Tct A Tel 124)4 125 124)$ 124), Am Tobacco 231 23 Hf 232)1 233), Am Woolen 60 64 605i 6J Am Woolen If 60), 63), 60't 62) Am Woolen pf DOW 0fl)f O0U 00)f Anaconda Copper 76f 7711 70' "OX Alch TASK AtchT AS Fpf... Atlantic Coast Line.. Ilaldnln Ico Daldln Loco pf .... llaltlmore A Ohio..., Ilaltlmora A Ohio pf, lletnlehem Steel . .. Hrooklyn Hap Tr..., Drooklyn Union Gas Brown Shoe , IluttcrlckCo llutto ASuperlor fllf 02), vzi i-ciroicun 20)i 20 107J, 107J 100) 100), .loon loou mu m( .113H 114U 114U 114X .120 134), 130U 131), 107 109 107)f 107?: . 03), 03 02) 02)4 . 75 75)f 74Jf 74!f .449 405 440 405 . 87H H7H 80M 87 .138 1355, 135), 135)4 40), 41 41 41 33 .13), 33), 33)4 01), C2J, 19U 10H Cal rctroleum pf 45J, 45!, 45) 45J, Canadian i,acl!c.......ie6), 107H 105), 105), Cent. Leather Co 63! 61 G3 63!, Cent. Leather Co. pf..l07 107H 107), 107)4 Chesapeake A Ohio.... 59 59)4 58'f 58!( Chlno Copper 49H 62)4 60)4 60U Chicago Great West.. . 13J4 14J 13)4 13)4 CM. GL West pr 35)4 35)4 34)4 34M Cnl , Mil. A S i Paul . 03H 03)4 02H 02i C, M. A St. P. pf.... 126)4 120)4 120)4 120)4 Chi. A Northwest 130M 130)4" 130 130)f Chi.. H. I. A Pac. .. 23)4 23f 22J4 22H C, C, O. A St. L..... 42 44 44 44 C, C, O. A St. L. pf. .72 73 72 73 72 68 35 55 45 144 141!f 142)4 118 111 111 18J4 18)4 184 SO 80 80 005, 04)4 95)4 72 69J 30 65 45 72 68)4 35 55 45 Cluett. Pea. A Co 71 Colorado Fuel A 1 68)4 Col. A Southorn 35 Col. A So. 1st pf 54 Col. A So. 2d pf. ... 35 Consolidated Gas.. . .143 Continental Can 112 Cora Products Kef .. 1854 Corn Trod. Kef. pf . 80 Crucible Steel 93) Crucible Steel pf 100)4 110 109)4 109)f Cuban-Am Sugar 118 119)f 110 119)f ueiaware a. ituason... 149)4 149H 149M 149)4 uei lick & west . . .421 212 212 212 ucn & mo uranao pr. 17J iSH 17 Detroit Edison 124)4 125)4 124 Distillers' Securities.... 35)4 37J 3P Dome Mines 22)4 22)i Electric Mor Batt 74H 73)4 Erie 35 35)4 Erie 1st pf 64)4 64JI Fed Mln A Sm pf 63 63 Gen Chemical 350 359 22)4 72 34)4 64 52 350 17i 124 30)4 22!4 72)4 34!." 64H 62 350 Uen fclcctrlc 179i 181 170 179 uen .Motors 343 341 340 341 Gen Motors pf 112)4 113 112!4 112!f Goodrich B F Co 76)f 77H 75)4 77J4 Goodrich B F Co pf . .110 109)4 109)4 109)4 Great Northern pf ....123)4 123)4 122)4 122M Great Northern Ore... 49)4 60)4 49X 60 uuggenneim Kxpin.... 08)4 00)4 68)4 Illinois Cent 109 109)4 109 Int Agricultural 24)4 24)4 24)4 int Agricultural pi .... 63)4 oVi 624 inter con Lorpn 22!4 Inter Con Cor pf 78)4 Inter Met Tot t c 2254 Inter Met pf 83)4 22!4 7854 2254 82! Int Ilatr Corp pf 9954 100 100 IntllarvNJ 11054 11354 11054 2454 80 24 82)4 6854 109 2454 6454 2354 80 23)4 8254 100 11054 Close, 88 90 99 09 69 100 100 100 104 1WV1 08 loo 70 102 03 101 73 Total sales. 867,972, lsst Wednesday. compared with 187,860 - COTTON NEW YORK, Oct. 13.-Although thero were many profit-taking sales during- the call on the cotton exchange this morning, the market opened firm, 17 to 25 points higher. Thla upturn was ue to an enor mous demand. Wall Htreet interests and commission houses sold. The cables from Liverpool were strong and these, with the weather in the belt, were the chief In fluences that brought about the big demand. open. 12.0S 12 80 12.44 1.1.21 13.38 U 40 12.60 Ifon. close. January ... 12.78 December . . .U 61 October 12.10 March .... . .U0! May ,...,., .V1-'8 July ,,,. ..,..13.21 8pot , "" " ! -- Aafcell Hlrh. 13 08 12.00 12.M 13 29 13.47 13.49 Low. Close 12.76 12.79 12.00 12.42 13.00 13.15 13.18 12.K1 H-tf 13.19 13.43 LIVE STOCK QUOTATIONS CHICAUO. Oct 13.-IIDOS-nacelpts, 2O.0O0J market stroos; mixed and butihers. T W((i i"l, rood heavy, J75i4.83, rouh heavy, 17 40 , (iSlii, ffA, S-SS-m UATIJ UK- ',85.80i piss, 6.25f7.S5j buifc -Receipts, 14,000s market weak! w.i. w..,wv'l we a neiiers, u & 8.75: Texans. tit O5-8.051 calves, su 6011 76. 8HBEP Hecelpts, 30.000: market steadyt aatlv and Western. (3r6.78; Umbs, 1768.00, CeHmwltislon mi Siocks Up The Governing Commit! of the, Phil, adelpltla, Stock Sacbange, at a special meetlnj today, adopted a resolution acubllng the commission which Is U be) charged on certain stocks with a, par value U ( inter N ickel tr 221 221)4 220 220 Internal Paper pf 39J4 4054 4054 4054 Inspiration Copper .... 4554 4654 45 4554 Kan City Southern .... 2854 29 2854 2854 Kansas City So pf ... 62 63 62)4 0254 LaclcSteel 84 8954 8354 87 Laclede Gas 103 10454 10454 10454 Lake Erie A West 12 1254 1254 1254 Lehigh Valley 155 17754 17654 177 Liggett A Myers 234)4 241 240 241 Lotrlllard P Co 17954 17754 175 176 Manhattan Elgtd. ...12754 12754 12754 12754 Maxwell Motors 01)4 6454 62)4 0154 Max Motors 1st pf.... 9554 9854 06 98)4 Max Motors 2d pf 49)4 6354 5154 6354 Minn A 8t Louis 1454 1454 1354 1354 MlnnAStLpf 30 3054 29J4 2954 M St P A S 8 M 12054 12054 12054 12054 Mexican Petroleum.... 9454 05 9154 9154 Aiex i-eiroieum pi c7 Mo Kan A Texas 6)4 Mo Kan A Texas pf... 16 Missouri Pacific 454 Miami. Copper 35 Montana Porer 67 Montana Power pf 107 National Biscuit 120 National Biscuit pf. ...124 Nat Enamel A S 30 3054 2954 2954 Nat Lead 6054 6754 6654 C6!4 Nat Lead pf 11054 111 111 111 Nevada Con Copper .. 15)4 15)4 15)4 15)4 New York Alt Brake ..14854 150)4 150 150 New York Central 101 101J4 100 100 NYNHAH 8554 8754 8354 84 NYChlAStL 4054 42 42 42 NYOAWest 31H 3154 3054 3054 Norfolk A West 11754 117 11654 11054 Northern Pacific 11354 113)4 112)4 113 racinc Man 33)4 3354 3254 3354 88 7 1654 654 3554 69 107 88 654 16 454 34)4 58 107 12654 12554 12554 121 121 121 88 654 1654 454 35 68 107 Pacific Tel A Tel Penna It It People's Gas Chi.... Philadelphia Co Pittsburgh Coal Pittsburgh Coal pf. . Pittsburgh Steel pf. Pitts C O A St L... Pitts O O A St L pf Pressed Steel Car 72 PubS Corp N J 103 44)4 4754 40 47 .117 6854 5754 6754 12054 120)4 119 119 . 9454 4754 47 47 38)4 41)4 38)4 4154 11054 11354 110)4 11354 . 08 0854 9854 9854 .78 80 80 80 95 06 00 00 72)4 7054 72 10454 10154 10454 Pullman Co 10554 105)4 164 Ity Steel 6pg 48)4 40 48 Kay con Copper 27 Reading,'. iei)4 Beading 2d pf 8054 Rep Iron A Steel... ... 5254 Rep Iron A Steel pf...01 Itock Island pf 54 bt Louis Southwest.... 1654 Seaboard Air Line 18 Seaboard Air Line pf.. 40)4 6ears Koa A Co 165 Sloss Shef S A I Co. ... 00)4 bo Porto 11 Sugar 125 Southern Pacific 08 Southern Ity 21 Southern Ity pf 01 Studebaker Co . . . . v . . , H5 Tenn Copper Ol Texas Co 108 Texas A Pacific 14 Third Aienue , 0154 Tobacco Products pf... 100)4 Tol8t L A W pf 1154 Tb'ttaW pfefs. ... 13 Twin City IUp Tr ... 05 Union Bag A Paper. . . 754 Union Bag & P pf. union Pacific Union Pacific pf ..,, U bind Alcohol ... U S lad Alcohol pf. U S Cast I P A F . 164 48 27 2851 2654 80!4 79 7054 4354 4354 4354 55)4 6354 64!i 10454 10154 104), 54 54 54 1654 1054 1054 18 17)4 18 4054 4054 4054 155)4 166)4 15554 0254 01 6254 128 12454 128 98)4 9754 0754 2154 20)4 eiH 61 104 147 05)4 64)4 10854 107 14 1354 0J 02 1)9 09 1154 1154 12 0554 7 20 12 90 7 2054 20)4 01 1C4 05)4 1C854 1354 02 99 1154 12 90 7 2654 .130)4 130)4 135)4 13554 . 85f 83 8254 8254 101 10J 100)4 10054 104 100 100 100 20 20)4 20 20 U B O I P A F pf... ,. 48 4054 40 46 United Hys Invest... . 2554 25 25 25 United Kyi Inv pf . 4354 41 43 43 U 8 Rubber 6354 51)4 5354 6354 U S Rubber 1st pf ...10854 10854 1085 10854 U S bteel 83 8454 8254 8354 US'Steelpf 115 115 11454 114)4 United Cigar Mfrs 6054 00 6854 68)4 u a express , tio 0554 Utah Copper 7154 72)4 Va Caro Cbem ,4154 4254 Wabash 54 54 Wabash W I 14), Wabash pfd a W 1 4754 Wabash pf d b W 1 2754 Wt-lls Kargo Exp ...US J 18 West K AM 138 ' 70 Western Maryland .,., 34)4 3454 Western Union Tel .,,. 78), 79 Wheel A Lake Erie ... 354 354 Wheel A U J5 1st pf , 114 11)4 Wheel h H 2d pf , 454 454 WHIji rflaa. , .23954 245 wmjf utiaa pr.. Wkcoaeia Ceatral . WoolworUF W Co.,, U2 6554 7154 41)4 ). 13)4 46)4 2054 115 68)4 33)4 78)4 3)4 1W 4 242 6554 7154 42 54 13)4 47 265i 118 e854 iOH 7S54 3)4 1154 4 244 I 1 s IIS II s FOKEION EXCHANGE Monday's ftlerllng Mlih. Low. Close. Close. Demand ...4.07H 4.08 4.67 4.88U Cables .. 4.67)4 4.68)4 4.68V4 4.67 lYanca Demand , 8 8Syi 8.81 S8IV4 S.8S Cables ,, 8 844 S.83 8.83)4 S.84 .Marks Demand ,. 81)4 8J 8tV4 8!K Cable ... 81 81 81 ttV4 ECONOMY URGED ON ENGLISHMEN IN WAR'S STRESS Economist Editor Advises Minimum Increasing of Obligations GERMANY'S FUNDS LOW By FRANCIS W. HIRST Editor of The Economist. Special Cable la Iks Evening Ledger. LONDON, Oct. 13. The chief toplo of tho moment Is the Northcllffe press at tack on the Foreign Ofllco over the al leeed failure of our Balkln diplomacy. It commenced on Friday last, and now Is developing Into a general attack upon tho Oovernmcnt and upon tho press cen sorship. The only Minister so far spe cially excepted from blamo Is Mr, Llojd GcorRC. Much wrath Is expressed here at The Dally Mall's wnr map. Tho nows paper press Is foiling afoul of the censor ship. 8lr John Simon's letter shows the real responsibility to be so much distributed thnt no particular person can bo fairly blamed for all tho mistakes that are made. The present wave of pessimism, though largely, artificial, may lead to political de velopments at home, but most of tho Lon don press critics are too violent and too much discredited to shako the Oovernmcnt unless It yields to their clamor for dan gerous and unpopular measures. The northern provincial press keeps a clear head, and the flnnnclal and cconomlo sit uation Is now coming to be better under stood. German and Austrian war finance can not last much longer, and our policy should therefore be to limit our obliga tions by tho practice of the severest economy both In public and In private expenditure. Economy Is difficult for military officers, also for Individuals who are making money fast, and for working men earn ing high wages. The war profits tax will, however, have a salutary effect upon private expenditures of war contractors whom It obliges to think of future taxes as well as present profits. Farslghted critics continue to urge further taxation upon luxurious ex penditure of all kinds because the float ing of new loans before new money haw been saved must mean an inflation of prices. Luckily for the working classes the world's harvest statistics point to cheaper bread. The embargo on cotton goods indicates the official belief here that Germany lacks clothing. 10654 10854 10854 1014 rff aH 3854 113 111)4 11154 Total aaVee. 1.84T.700 shares, compared with J.M8.08S hsres Ual Wedaeeaay. thas tir tkU tibM WHEAT ADVANCED; OFFERINGS LIGHT Shorts Helped to Sustain Prices by Buying European Supply Up CHICAGO. Oct. 13. Bullish fotelgn re ports and the strength displayed by out side markets buoyed the local grain mar ket over the holiday and prices advanced today at tho opening. There was a slight reaction In the early hours and quota tions declined slightly. Renewed buy ing sent prices upward later In the day, December showing a gain of 3U cents at the close and May 3 cents. Shorts bought early and helped to sus tain prices. Offerings were light. Ar rivals are growing. Commission houses were good buyers of wheat before noon. A bear, report indicates that the agita tion for the removal of duty from Canadian wheat Is to be pushed. In the past few days the Importation of flour from Canada has been heavy. It Is be lieved that the purchasers were caught short and were compelled to buy to fill old orders. Leading futures ranted as follows: Monday's tvncai upen. Jlirn. mw, December .. 1.07 1.08)1 1.03)4 May 1.08 1.00 LOOK uorn (new cenveryj October .... Al December . . 6SU May 60)4 uais December .. 37)4 S8H 87)4 88)i May 39)4 40 39)4. 40 Lard- October .... 0.47 0.60 0.45 November .. o.CO 0.62 0.43 January .,..9.77 0 77 8.02 Hits October ....19 70 0.7.1 9.C3 January .... 0.80 9.80 9,63 Park- October ....15.60 1560 1500 15 07 M515 December ..15 to 1507 16.05 1530 15.40 January 18 U0 18 35 17.83 18.00 17.76 Bid. fAskel. Close, close. LOS 71.03 l.ODft 1.0UH 9.60 0 62 9 07 9.75 t9.75 37J4 t39l.I 9.37 040 0 62 0.62 9.60 MINING STOCK QUOTATIONS TONOPAH 8TOCKS. .. . Bid- Asked Jim nutter , tb MacNamara on Midway 11 Mltpuh Extension Montana North Star .......... . .19 . .28 . .10 ;! Tonopah llelmont ., Tonopah Extension Tonorjah Meraer ... Tonopah Mining , ,,, i Itescue Eula 00 West End 56 GOLDFIELD STOCKS. Atlanta lllue Bull , , , llootn . .... .,, llulldog O O V. ...............,,... Combination Fraction Daisy ,....,,..,,.. Dlamondfleld B U. ...... ...,.,.,, Florence (jonneia ionsouasiea aoidfleld Merger Jumbo Extension .... Kewanas , uro .27 .03 .43 .02 .0.1 .07 .04 .04 .45 . . ...... .l.on .. ... ., .18 .,.,. f 4 1 12 t. ...,. .38 ! Stt Itlltttllllliss'a .tin and Ken ,.1 '.....11 Bllvtr rick , .08 MISCELLANEOUS. Fairy Aateo , 01 Klmberly .,,..,.. ,03 Nevada lull . , ,17 Nevada Wonder a.,.,,.,....... 1.37 :K .13 .21 .31 .57 .S8 .04 .45 .03 .03 .09 .06 ,06 i:JI .so L38 .80 .08 .12 .10 .03 .03 .10 1.42 New York Bond Sales ItSOO Adams Kxptms 4s llCOO Alaska Gold ev 7s IODO Amer Hide & Li 70f Amer 8melt Sec Os 4000 Amer Tel clt 4. 21,-iOuO Amer Tel cvt 44s 1O0O Armour Co 4H . . ?7roi Atchison cv 4s 10X1 Kp Atchison rv 4s limo IH110 unit a onio Kits. Kl U11I0 4S... . a Oh IV 4 Us A O Bwn .iHs.. Low. HOilO Halt lli-lKM Unit flllVl Half !( 1 clh 8teel 1st 3s ... 102 l.fliu llrookn Hap Tr Bs '18.100., in) r.rook vn Biv 1.1HK1 1 llioi 1 WOOD 1 1 llrookn Hap Tr 5s '18. 1W 1 Urook t'n Klv 1st fis.. IWH 1 Cnl U A Elec Bs . . I4K 1 Tent Leather 1st 5s. 100), Cent l'ae 1st 4s. ... 8 mi .1ST. . ; . 70 . (, . OHH . 70 .iuu ..??o 2V4 .102 1 lli.Vri chill Lon 7s 17x0 Clies & O cv . MKIO (lo 4 Us M Chi Ui Went 4s 4 10O0 O II A Q joint 4s" tooo do en 4s .. SOOO O M ft St 1 3V4S MX 10 do Div 4s ... , r.'vvi do cv r.s .. ,.. 17il do cv 44s ... . 71100 lo sen 4H ...... f.000 Con Oas cv 6n 161MKI Del Jit Hud Os ret BOOO Detroit Edison 1st 8s. 111214 inxt uis see uorp os ... us 4(000 Du I'ont I'owd 4Ha ..lrtl 102H 2:1000 Erie sen 4a 725i 72 J.vxm ilo conv 4a Her A... on r,U, IBOOD Uo Ser B 7SW 77)1 filflon do prior 4s .... M'J ,(4 0000 Green nay 6s 105 ion! Mrxo nen Elec deb Bs ln.1 HBlJ .12000 Hud Man Inc 6s . .. V3 L'lH 24(KO Iowa Central ret 4s.. 4"4 4.V,i COO) Ins Cop cv As '10. ...ISO 1SI MOO11 Inert cv ret 3d Jd Os.lSBVt 1RJ 22000 Intrb Met 4Vi 76 7fti 7000 Interb It T ref Ba. .. PH nilS 8000 Inter Mcr Mar 4Us.. 77 H 77 amo K C Ft 8 A M 4s,. .. 70 70 3000 Kan City 8s 3s 91 91 1000 Kings Co Elec 6 122 122 2WCO Lacka Steel Bs 102.1... 93 93 07001) do Bs 1030 96 031 3000 Laclede Oas 1st 6s. ...101 lot 1000 Lis A M T 3s 100', 100 FOOO Lorlllard 6s 100 m 3000 do 7a 123 121 U KKH) Mo Kan A Tex 4s 75 7.1 10OKI do rfd 4s 42 4IH 7000 Mo rac 4s 3B 31H sooo do cv 5s :r.Vi 33(4 1000 do cons Its lit 04 1000 Nat 11 It Mex 4Uj.. . 67i 37; MX Nat Tulie Bs POM wiu BO00 N Y a L 8 3H .. M) so 100WI N Y C-M C 3HS 73 73 2010 N Y O A II 3(4s 7NH 7R IKiOoo do d ret lusU 107tZ 7HII0 do 4V4.S . . . . M 8S4 70Ol do 4s SV4 SSU 10W N Y City 4s 1959.. . . inU WZ won do 4'ia umiO n usij 2000 do 4Hs 1WI . ..Ill- 102 7000 do 4tj 1IHH 10114 llllK 1000 do 4is May WT7. . .102 102 rfliiO do 4 Us Nov 11)37 ..102 102 1000 N Y (las II A T 4a.. S2U S2 loo) do Bs 102V, 10214 nnj j 1 A 11 fi 11 cv .IftS - . Ill) 1MJ4 474 47 110 110 IT 117 300 Norf A West is 1)0 nn 2000 Nop 1'an nrlor An. ... nil! mtt 24000 Nor I'ac iren 3s .... 63U raw 1000 Pacific Tel Bs I)7t4 07W B000 Tenna 4s 1018 psU DS14 117000 l'enna (ten ct 414s.... OS 07U 2000 Penna W, 1921 . ...ion'! I00U 2W0 Penna en 4H 103 10314 JfMlO ttlh R..V M .T R. fiT&: CIT&f Siiiioo nay Con Cop Os. . ..136 115 33000 Iteadlnir gen 4s 0.1 m 4000 nep Ir A 8 Bs 04U 1i 8000 nock Islsnd rfd 4s .. 05 04 13000 Rock: Island Bs 4014 4fl(i 1O00 nost Pitt 1st Bs 10IH5 iOQK 30110 St I. A 8 F rfd ct 4s. 2i, 62 71) 0714 O-lli 120 10214 1H2M at 103 72V, 7R4 107. 21001) do fls 21000 N Y Ilwy odj BS 3O0i) N Y Suite 4is.. , OOOI N Y Tel gen 4W : 4s., 1001) Seaboard A L Tfd 4s. . m 2000 South Hell Bs 1)7'; 10-1000 South Pac cv 4a 84 S.HKino do cv ret r p Bs '34. .104 2")ooo Routn i'ac rra 4s 33000 South Ilwy gen 4a.. 42000 South Ilwy ion Bs.. 6000 Tenn C ft Ir Ken 5s. 1000 Tenn C A Ir 2d 5a . 2000 Texas A Pac 1st Bs tfKK) Third Avo new 4s . BSOOO Third Ave adi 8l . 7000 Tol Peo A W 4s noD 11 s nubner (is . 125000 IT S Steel 5s 6000 Union rac 1st 4s.... 20000 Union Pac cv 4s.. .. 14000 Un Itwys S F 4s . 12000 Va 6 llronn Bros ,. 2000 Va Car Chm 1st Bs,. 3000 Va nwy Bs 4000 Wabash 2d 5s 30000 Wab Eau ct sta 4s w 1 37 80 OS l!4 80 33 02 r.i 103 102 S 04H Si? 453 no 94 02S I 61000 Wab sta 6s ret 95 .1000 Wab-P Ter 1st ct 4s.. 4 SOOO 1 est Electric cv 5s,..1034 37000 W r. A M cv Bs w 1...140 6000 West Union 414s 92U 1000 Wheeling- ft L B 4s.... 60 2000 Wlscon Cent gen 4s. . 82 Total sales. 15,342,000, compared with $4,431.. 000 last Wednesday: thus far this week, 12.. 212,000; same period last week, 111,877,000. 07 10H4 -V 117' lis: 80 33 92 S1U 7S r..i 103 102'i l)4, 1)1 14 47 53 0.114 oil? 02 3.3 0.1 4 103H 138 D24 60 62 1 97 no oi'i KttJ 97'. llSli os 100 11)114 fiTlf 46 30l,4 (II 97'. 8i;4 so I IIMI, M) 31 92 Rl4 70 M 101 102Jt 04 l S 47 M 911 83i 311 93 4 1054 130 9214 00 82 SAVING FUND DEPOSITS HERE SHOW INCREASE FOR T&E YEA1 Expansion Is Evidence of Returning of Normal BuJ ness Conditions Keystone xeiepnone JBarnings Good Local Market Quiet Philadelphia, savins fund deposits, In stead of falllnp; off as ft result of the Eu ropean wnr, have Increased In the last year. Uecause of the fact thnt r large number of the depoaltors are foreigners, many of whom aro returning Jjme to flRht. It hnd been thought possible that deposits would be largely withdrawn, but It is understood that very little has been taken out for this reason. Tho Increase, which amounts to J5.P15.86S for the year, Is also nn Indication of returning to nor mal of business conditions In this vlcln Itv. Somo of the Increase represents In terest for tho year at tho rato of 165 per cent Figures of the four leading saving fund societies aa of October 1, which havo Just become available, show Increases for all Institutions over the previous year, both In deposits and the total depositors. The total amount of deposits at tho beginning of the present month was J1S2,28,976, com pared with $16.350,111 for the same time last year. The total number of depositors was 393,464, against 3S9.7B8 last year, an Increase of 3708. The following table gives the deposits held by each of the institutions for this and last year: October 1 1915 1614. Philadelphia "H?22?2 "U'SI'SSS Western 81,246 878 83,904,498 nenenclai 15.206.174 14 831.715 aermantown 10.632.892 10.218,208 in Wall street there was Interest il in mat ock m this market. Mej eT yanced to a new high msrkr. A Keystone Telephone waa not jrtl5J the favorable earnings ata.J?.,fa ? September, and In fact the erSLS stock, on one sale, showed a losa!?? from tho last previous sale, which L? about a week affo. The gross tlnbl of the company In the month .Jr?J? !8 and the net Ma. Nln. XTi gross was 122.760 larger and the BVt 22f" The closing was quiet and price, St1 Irregular. On two nala n . . T preferred lost J1.60. ". Total 8182.268.976 1176,850.111 Trading during the afternoon session 'was quiet, business being on tho smallest scale for the last several days. On the uplift In the price of United Statea Steel STOCKS OX DOLLAR BASIS NEW TOUK, Oct. 13. Beginning today stocks listed on tho New Tork Stock Ex chango having a par value of 50 will be quoted on a dollar basis InBtead of tho percentage method, which has been used heretofore. The change has been adopted by tht governors of the exchange, It necessitating an amendment to the constitution. NEW YOKK CURB bh 1.. ) Draden o " Dr-Am Tobacco old iu .? ' do new t( JJ I . T.lfc .. l Oold. Cons ..., ilt ?l nreene Cananea 47" ' Int Marine ...,.., gu do preferred .............,, aau Jk Kenc't Corper ., fjj 9 I. V CI Sales , log i.iT Mssma Copper u rfl Nlplsslns; ... eia ' m Otia Elevator , 73" J do creferred si R ' rtllter-IIegeman ,!Tt Submarine 4ju Sterllnc Qum 2H Tobacco Products , 4U do preferred 110 SS trnlrf Prnflt RhNrlnff new j l World Film 4U Tukon Oold 2 f ::ni'i A SAFE INVESTMENT The Pennsylvania Railroad directly guarantees it The credit basis is the highest We unhesitatingly recommend it Our statistical department will give you complete data as to the above, or other securities. REED A. MORGAN & CO. $J&ig!bEgSL-. i ---.- w .... wfcwWA eWAIpUiUlQ -L - - ,f Brown Brothers & Co. RATES FOR MONEY Call Philadelphia 3 l New York 1V4&2 Iloston 3 Chlcaico 3K94 Commercial paper, 3 to 6 months, phla, 34 per cent. Time 88 3V4S3i Phlladel- FoimTn and CiresTwxnr Strkets PUILADELriUA MEMBERS OF STOCK EXCHANGES OP PHILADELPHIA, NEW YORK and BOSTON Orders carefully executed. NEW YORK BUTTER AND EGGS NEW TOHK. Oct. 13.-BUTTEn.-Uarket steady, receipts, 23.673 packages, eiitra, 28&t 2'Je.: higher scorlnr, 2slitr30c 1 But dairy. 228V4c j Imitation creamery, 23824c. '' KOOB.-Msrket Irreeular receipt, 18.803 p.ickaceas extra firsts. 82tf34e.s (lrsl. 27ffilc.i oy wanes, .athiuci mixeq color. 77a36c. isred. refrUreralor first, 24Ji2oHe., neari tirAI rAthared by browns. 36ul8c. IHVIBKMH TUK AMEHIOAN (JAB COMl'ANX West Waahlnfton Bquare. Philadelphia, Fa.. uc ct. a. lata oivraena ot ? tor .sf yasl Dee. 1st. 1D1K. to reoard at 11 a'clAck ti. ea Nov, 17th. 1BJB. Checks will b nwHed. . 4- TOWWefHO. st. Tr luutr, -A auarterlr hare) ba been declared on the capital stock ok inni company, va tu locanoiara 01 r HflCaALNOT7CK4i y japa- ALL l'HKBONS AKK MKHEMV' CAU - tlooed saaluat harboring or trusting any of the crew of the lsrltlsb H. 8. Smbeian from Olhcaltar, J. R.'Mrown. Master, a no 4ts of their coRtrscHetp will t pila by the Ma4r, Cnls;n. or W Karn Un Btam M Cpwpany, Asnt. t Hullltt Bulllnc. tmmmmmmesmtmeKfmwmifiim ..csasst mUCTUtV r AOOtHTMTAOTf 0-tiisl m HUDS0N $1650 my vKsV7nrisHsis9jflea7 -s-sssiss- ., , ,, .! (AfHssflR1 The New Hudson Cabriolet The Car That is Never Laid Up h A Roadster one Minute The Next, A CoUpe An All-Year Car some Hudson type. Simply fpI4 back me top ana aroR tne side windows into the doors. The chassis is the 1916 Huds.on. New-Day Bodie v Hudson created the jiew-day car the light, economical Six. It is now the most popular quality car in ft wWid. Now Hudson isfcomblnln rwday bodies with it. They brought out this SSJw w'style$'two .m All i e4r cars. rll u u to come and tHm. Come Whether you want a car or rvat. You wish to keep up with th trt?nd of the times, and.these bodies show tiat trend. Detroit. f Cabriolet $1650, f.o. b. The All-Year car is something to consider. It is fast coming into vogue. It means one car for all seasons a car, that is never laid up. It means comfort under all conditions. It's a sensible sort of car. Last year the Hudson brought out this Cabriolet, and it met an enormous welcome. This year they bring out this new Cabriolet, also a Touring Sedan. We ask you to see these conceptions. Quick Changes The Hudson Cabriolet as pictured is a .luxurious coupe. The upholstery is deep.and rich. The appointments are dainty. Tfwre are seats for three; Yet this coupe in one minute changes to an open Roadster of hand- 3 GOMERY-SCHWARTZ MOTOR CAR CO Tmporwy HeJquartm, N, E. Cor. Broiul & tChry Str-i