EViilNiiN'G LkJjuLi; PHILADELPHIA, FRIDAY, OCTOBER 15, 1915.
1ft
FINANCIAL NEWS
ETeNTY OF IDLE MONEY ABOUT;
folk of a Dividend on United States Steel at the Next
k Meeting of the Directors New High
for Bethlehem Steel
NEW YORK, Oct IB.
FrriHE transfer or control 01 mo oouin i-ono iuco sugar Company from its
fcl j,rman and German-American brokers to a syndicate headed by Archibald
Ft TVWt. friends and business associates of Ambassador von BernstOrtt, is
fctha Utet ot the cigr acais 10 niiraci speculative Interest Apart from the.
portnce of tne transaction uiKon Dy useir, it illustrates anew the confidence
which hM uecn llinyncu iuiiuiik jjtujuo nun uiuiiey.
& - nn.u.. avnHlrntA riald nil thft wnv trrkm 70 irn A. . n.. m
M itoefc H Pa,d far "bovo lho avorago prlco at which the stock has sold in
Kwcwt yr' but u d,d " w,th lBaurarce. It knew that while the war lasts
rlhe eempan k"" - ..-.... a.. !.. ui no prouueu ana inai carn-
Jfc . I- (ka tn(tntltnfl mUHt bfi hiffh. It Wfin tvllllnf tn tnln n nkntiiii. . ..u..
?"... mav happen to the sugar market with the closo of the war nnd thn
rttitratlon of normal beet sugar culturo on the Continent of Europe.
m.rA in nlentv of idle money about. Less than a month mm n tmnimi- thn
t the head of one of tho largest Wall stroot Institutions, narrated In private
jonYereatlon Instances of largo holdings of cash by peoplo who In normal
.,. makn their money work for them. Ono of these mm hnA tannnnnn rDh
ilo banks and trust companies; a dozen others with moro than $1,000,000 cash
'vera mentioned. Tho samo banker was asked today if tho hoarding by big
Ben was continuing. Tho reply was that, whllo thero la still a large amount
of cub In the nanas 01 men wno win not. put it out for fear of war develop
stnU, or are waiting for opportunities at tho close of tho war, the ldlo money
Its become restless. Moro and more of tho ultra-conservatives have In recent
irieki crawled out and taken, a look at tho sun. Tho banker remarked that
iwh Is always the case with ldlo money; It becomes so restless that It simply
cannot stay hid.
mm., mam rnnnarvfittvn mmhprn nt tVir Tnrtron .,.. tii i.,.i i -
r Aim . .w.B.. lmij BWlt tiuiu UUCK.
jhers Is none of the former gumption, for Instance, In George F. Baker and
their associates in the First National Bank party, but the younger members
of the Morgan party are enthusiastic. They are In everything Electric Boat.
iMMvale, Wright Aeroplane and Industrial securities of wide variety. The
Httu of the Anglo-French loan has Inspired them with whatever eonfli.nnr
Il4y lacked before. Most of these men, llko the members of the Morgan
arm Itself, who attend to notning but banking business, are in the prime of
life, keen, hard workers and as ambitious as they aro confident of tho future.
Tr ( not hard to find Deonlo in the Rtrrt -mnn iiin,. u .11..1.1 i
i.w.11 soon be resumed on United States Steel common. The directors of tho
cwjwi, ...w. 4 .. ... .. ..uum, aim n wouia not De surprising,
mtnv hold. If somo action was taken on a dividend nt tvmt nm ti, n.
U that payments will be resumed on a 4 per cent, annual basis, with probably
. tnroaA tn R Tifir rent, nt tHn .Tnnunt maa.tnn rni.- .
,..v.v-v ., - r ., ...utmja. mo earnings statement
yll be Issued at the next meeting, and this Is expected to make a good showing.
Mnr attention was clven to tho Indnntrfni .k.i. i -rrr.,, .. . ....
1 Very- little was done in the railroads, and they were, for the most part, a
1 va(ai ap un itnlfr thA flnnl nf VAatardnif n3- ..... ...
tjM, . (.v.,, "uucib lumng some or tne profits
klch have resulted from the recent nnswlncr in v, 1 t.., ,..
. . ,, ... ...coo laauto. iunng tno
B Bornins session the principal trading was In the war specialties, and Beth-
Kum u.v. ..-- wo.. ,.... . c I1IB marK or 475 General Motors,
en the other hand, was weak, losing 10 points. Trading was not on as
Urre a scale as has been the case recently. The closing was irregular.
TEXTILE CONDITIONS
UNSATISFACTORY
irRaw Materials High and Orders
Are Lacking Clothing
Sales Increasing
Textllt conditions from' the manufac
turer!' point of view are still unnatls-
ftctory, according to R. O. Dun & Co.
JUw materials are still high, and while
th market is advancing, especially in
cotton yarns, manufacturers report they
rt,pot ordering ahead at the present
tint,' owing to lack of orders. There Is
t)U- scarcity of dyestuffs, which con-
fibutes to the unsatisfactory conditions.
Cotton yarn houses report that while
ami are till advancing there Is less
acyrlty among buyers than wbb antici
pate! and business is not quite so good
u lut week. Buying is mostly from out-of-town
manufacturers, especially In New
Terk State. A good feeling prevails and
tetter conditions are looked for. The
wool market remains in about the same
Mention as for some weeks past. Orders
re still small and 'manufacturers appear
to b well supplied and are not Inclined
to buy ahead. Dealers are not inclined
to UCrlflce Driees. as thev at a. later date
1 anticipate a good demand. esDeclallv on
ttie hlsher grade wool.
aunuracturers of clothing state that
sales have shown an Increase during the
Hit week or ten days and there conttn
jw to be quite a fair demand. Collect
1M, however, In the line are Inclined to
J slow. Manufacturers of waists are
fairly active and tho season, the manu
facturers state, is promising. Jobbers of
"Itry, underwear and notions report
MlCU lAvflnalTti. nt4 ifenti Ic, a itaaI im
J" st rid and the fall business has been quite
Mnaciory. Wholesalers of dry goods
" report an increased volume of sales
M Soma lmnrnv'm.nt In rnllntlnna.
JJksrs of woolens and cotton goods re-
mi Business this season shows an In-
SfeaSe nver tli mrMinAtiiflntf nnrfnil nt
ilut year, with a market advancing.
'? ealner market la active and prices
iww. Qlaxed kid dealers report an in-
""i iraas in an grades ana iw
eu,Hy jn obtaining raw material. Shoe
SHltrs rtDOrt a faJrlv s'tlvt trade and
MBjctlona somewhat Improved.
tf, Is greater than some previous
'"wis. collections are Improving.
New York Bond Sales
$1000 Adami Exp 4i 77
100O Am Agr cv 6s 102
BCKiO do deb 0 86ii
37000 Am Smelt Sec 0s ..111
4000 Am Tel clt 4a B8T4
287000 do cvt 4W .lOifi
3000 Anglo-French 5s w 1.. 7im
6000 Armour Co 4 Ha ....02
13000 AtchUon adj 4s 83
14000 do cv 4( 1053 82T4
24000 do cv 4s 1000 ....lot!
4000 do cv Ea 1017 102
10000 Atlan Co Line 1st 4s 88
0000 do clt 4s 8sC
1GO00 D & O 8Hs 0l2
14000 do 4s ............ 872
481)00 do cv 4Ms 022
,J00O Beth Steel 1st 6s ...102
18000 do rid Ss 101U
13000 Brook II T 83 1918.. 100
1000 C O C gen 4s T2
2000 Csl Gas & Elec 8s.. 101
24000 cent Leath 1st Cs. .lOOli
I'ac 1st 4s ... 80tf
Pac Sh L 4s... 85
Hit N J K 119.
Copper 7s 182T
& unio cv 4Ms.
High. Low. Close,
2100O Cent
1000 Cent
2000 Cent
71000 Chill
8000 Chea
1000 Chea
17000 Chi Gt West
uuu tni & Nwn 8W
& Ohio 4Us.
4s..
180J4
83S
NEW YORK COFFEE MARKET
!. "W TORK. Oct. IS. StMLil(n.. character.
H5f ? the coffee ezchang at the
wsy. There was little change In prices
iR"!. The claae tound luturea gen
iTT1'! wa" mod,rat,ly actlye.
ixrs -roaar-a Tesieraairs
close.
opening.
Eft-Iff"
8. 63
a 00
9.63
., ....
.. 0.7050.77
m
.
,
...
.... a.
(LBAS6.S7
6. 4000.41
& 0808.60
K77CO.T0
close
6.27B0.20
a27C6.29
0.200 A. 80
a 8800.8.1
0.8700.8!)
0.4UJ0.48
0.8260.63
0.6800.03
0.0830.00
fl.T0ffl.7t
0.7630.73
NEW YORK CURB
.. uia. Askea.
ire.;-!: ?
Ltihi ericn Totco new .... 14 13K
ki aSf ", os 10
Md cSAiiV.V.V lt?. ',".
Iblu - ............. - -i
as?p?n..:::::::;:::::::" u LNt
' nr Coal &tles ....ltu 170
wpper ........... 1IU 15
.,,.,,,.,,.,,,,, 7Jti 77
Clevator ; ra7" in
ftsi"''. ::::::::::::::: 25 J?
; 7. " ; .?,? .7?
rrn-nvw;::::;::
If rwrrnw
E2,TOHK, Oct. J5.-Bunesa In cot-
BinT " at me opening tnu
"-t uiten ueinr aisniaved bv
aPDarentlv lttii n iimjr.
' as to tk. ...V,. ri" . ,.. .
W44v. nitnh.. .: - ..i,.
. ..-. w.w, iVPinra UNWIRIIIVU
i at wwtr, and the later options
rjr w nin taints nigner. tbs
irasB !.Iv.ma MnM. ...,. i.a.i
I Waeata.1 mnA III. ..!,. .1.4 .Irlu
y closing abqut JO points above
Tea. close Obcs. Htah. Ixw Clo.
1S.OI 1S.II
SS ffiK
.3.M il.01
1C000 Chl B & Q Joint 4s..
21000 Chl B & 3 deb 6s ...
4000 Chl H St P 8V4...
1000 Chl Mil & St P Is..!
10000 Chl Mil & St P dlv 4s R8
7000 Chi M & St P cv 8s,104t4
COOO Chl Mil & St P cv 4Ws 97
7000 Ch M & St P gen 4Ws.lO0
0000 Chl Mil & P 8 4s.... 8UV4
10000 Chl ttUP CS......1028
1000 Col & South 1st 4a.. 88W
2000 Col & South 4H 80
2(1000 Con Gas cv Cs .IllltllOtJ
8000 Corn Prod 6s 03S
2O00 Del & Hud 4s 18."!l00K
2000 Del & Hud rid 4 04
J00OO Del & Hud ret s...,102W
H99S. 2en R' Or rfd 6s,, ssys
10000 Dis Secur Corp 6s.. I. 08
2000 Erie gen 4s .......... 72JS
4000 Erie conv 4s Ser A 08 ?
10000 Erie conv 4s Ser B.. 78
1000 Green Bay Os 10414
10000 Gen Elec deb 6 1.104
2000 Hud & Man In Ss .... 2B
16000 111 Steel deb 4 87
1000 Indiana Steel Os ....101
8000 III Cent rfd 4s 85
4000 do 4s 1952 84W
12000 Ins Cop cv tts 1010.. 1774
20(00 Ins Copper cv Os ..117
117000 Interb Met i 78
12000 Interb u T ref 6s.. 08U
H100O Inter Mer Mar 4s .. 7IK
2000 Internl Paper cvt Ss.. 80
10000 Japanese new G S 4Ws 7.144
1000 do new 4s 81
1000 K C So 1st Ss VU'A
2000 do 6s ,..,. hi7
2000 K C Ter 1st 4s .... 83M
07000 Lacka Steel 6s I960. 04 ii
1000 Laclede Gaa 1st 6s . .101
6000 Lk Sh deb 4s 1028,. m
1000 do 1031 S3
1800 Long Island rid 4s.. 83
2000 Lorlllard Ss 09
32000 Louis tc Nash 4s .. 92&
6000 Mo Kan & T 2d 4a.... 8lQ
1000 do 4s 70
1000 do 4tts ............. 43
8000 Morris & Essex SUs... 84U
34000 Mo Pao 4s SaV
10$
KKX
14000
3000
14000
10300
do col 6s 1017.,,..
do 6s (.....
tin trnm Hm .
do 6s 1920 ,. 7BV4
87
35Jt
03
30g
93
68
90
T3W
do cons Os
do cv os....
1000 Nat Enam & Etn Bs.
lOKt Nat H It Mex 4s,,..,
:1X) Nat Tube 6s.. ,
ww i x .j i o on....,. )
OOOO N Tf C-M C col SHI... 71'
700O Y C 8Hs, 78'
lOGOOO do Os ret , 100
230lX do 4t4s
2000 N Y Ch A St L 1st 4a,
110OO N Y C & II 4s...,,.,,
1000 N Y Cltv 4s 1088,,,.,,
linoft do 4s 1DU1
8000 do 4Us 1903.
22000 do 4Us 1003
SI
B8U
fl5W
...102 '
New York Stock Sales
Last close. High. Low,
t
' ij viz.w U.sfi 12.V7
We,:4B M p
'V".-m ml ill
2000 do 4Us llllV 1987 102
10000 N Y Ilwy ref 4s 70 09
2(00 do adj 6s , iv& 47
lOOOO N Y Tel gen 4Vie 07 97
6000 Norf & West 4s 01 01
44000 Nor Pac prior 4.,,, 01U 91
28000 Nor Pae gen 8(. ...... OSU 0314
1000 Paclflo Tel Bs 07K OIK
8000 Penna 4s 1048., OSU 08H
88000 do gen ct 4Hs 08tf 98
lloOO Penna en 4Hs 10SU 103U
9000 Pub Berv N J Ss 88 88
18000 Bay Con Copper Os.,,.18.1 180
0000 needing gen 4s 93 93
22000 Itock Island 4 40t4 40
8000 Itock Island rfd 4s.... G3H OSU
0000 hock Island 8s .47 4A
1000 nwy Steel Springs Os. . 47t4 47W
1000 St L I M & So Bs.... OflU 904
1000 St L I M ft S Olf 4s. . M',J envi
8000 8t IAS F gen ct sta 4s 47 47
7000 St Louis awn 1st 4s.. 73ft Tfl'l
flrtoo San A Aran P 1st 4s 71 7IH
18000 Seaboard A L ad) 8a. 00 00
2000 Seaboard A L rfd 4s. . flSVt 00
2000 South Bell 6s 97H 07
3000 South Pac 4s B3 88
111000 South Pac cv 4s 84 fun.
aannn do cv ret f d Os....l08t
1,1000 South Pao rf1 4s...... Rrtti
uooo South Pao Term 6s.. m)
12000 scum itwy gen ss,,., 01
Sinoo do con 6s ,99
2000 Tenn C & I 4s 80
2100 Texas Co cv Os. . ,,..102i
rwj Third Ave ret am
TlOO't da adl Ba ,...79S
nooo H 5l Itubber 6s. .'.,,103
lUfYW v b Steel Cs.., ,.10214
800 do reg 6 102J
4000 iTnlon Pae cv 4s.. .,, 92
nfO do rfd 4s M
120TO I'n Bwys fl F 4s 40
l(Ki Va s Drown Bros. . 64
4000 Va Rwy 6s 04
7000 Wabash let Cs 102
fciono do o.u ct sta 4slstfp, 38
100n do eou ct sta 4s fp. 04
JOT 1 Bl0 t 10114
inrto do cv ti .. .. . ...,10.Mi 10.V
anno Wtit Ud 1st 4s. 12 ' t'j
lo0" w s u rv ss w ). 142 laa
2000 Wlscon Cent gen U. 63 fH
97H
98
93H
43H
73H
C8
OS
MX
203
00
CO
07
UO
10H
49X
21
37
mi
OSJI
06H
Low, Cloee.
Z'M 32)
42K 42).
73 73M
07 08
07 07 it
00 OOH
202 202
64 61
AUU Gold XI X
A1IU Chslmen Mfg.... 43H
Allli Chalm Mfg pf... 73 4
Am A Chemical 68U
Am lieet Hngar COH
Am licet sujar pr 00
Am Brake S A F pf tr.203
Am Can ru
AmCsnpt ioai 10HH 100H 100W
Am Car A Foondrr... MM BISH 83 84
Am Car A Fdy pf HOH 110H 110), 110X
Am uoi rroaucu...il0t 100H 103 1U4.
Am wotion oil eg
Am Cotton Oil pf.... 00
Am F.iptejj 109
Am Hlds A Leather... 10H
Am Hide A h pf 47!f
Am Linseed 21H
Am Linseed pf ,, 3S)
Am tKomotlve 07
Am Locomotlre pf .... 09X
Am Smelt A Iter niu
Am Smelt A Rof pf..,.108Ji 109
Am Snuff 15714 155
Am Steel Foundries.... C3H 65W
B8H
07
110
10W
48H
21
30J,
OOH
08M
01H
109
15S
02(4
Am Sugar RennlDg...,112 113)4 112
68),
07
110
10U
48)4
21
30
07)4
08H
03M
109
155
64
112)4
Am Sucsr Itef pf Hfi), 115)4 116)4 115K
Am Tel A Tel 124JJ
Am lODScco 233
Am Tobacco pf new... 1 10
Am Wooien 63
Am Woolen tr 62)f
Am Woolen pf 06)
Anaconda Copper 75H
Atcn t a bf 100
uaidwin Loco
CilUmoro A Ohio....
126 124)1 124H
232W 230 230
109W 109W 109M
63)4 52)4 52)4
63 62 62)4
97 07 07
70)( 74H 75
100)4 105)i 103
125H 120 122H 123)f
01)4 01)4 01H 01M
llaltlmore A Ohio pf... 74K 744 74)4 74M
Batopllai Mining 1J4 W 1)4 1U
Betnlchem Sttel 407 477 409 J4 477
llrooklvn Union QM...138) 137H 137)4 137M
Ilrooklyn Hap Tr 87)4 88)4 87H 87J4
UuffRAntts 80 85 85 85
liutto A Superior 61!i" 01H 60), COM
Burns Bros 00 01U 01 01
CalPetroleun 19)4 19H 19)4 19)4
Cal Petroleum pf 45 45 45 45
Canadian Pactlc le 105 104 104
Cent Leather Co 63 64)4 63 3
Cent. Leather Co. pf..l08 108 107!t 107)1
Chesapeake A Onto.... 67H 57)1 60)1 56)1
Chlno Copper 49)4 0)1 49 49
Chicago A Alton pf.... 19)4 21 21 21
Chicago Great West.... 13H 13)4 13)4 13H
Chl. GL West pf 34)4 341 34)1 31)1
Cnl., Mil. A St. Paul.. 01H 91H 00)1 91H
Chl. A Northwest 130 129 129 129
Chl., It. I. A Pac 22M 23)1 19)1 20)1
C. C, 0. A St. L..... 43 45 43 45
Colorado Fuel A 1 67 571 65)1 55)1
Col. A Southern 35 35)4 35)4 35)4
Consolidated Gas 147)4 150M 140)4 147M
Continental Can 10751 113 105 108)1
Continental Can pf....l05H 105)4 105)4 105M
Corn Products Ref..'... 18)1 18)4 18), 18M
Crucible Steel 02 01)4 00)4 Olh
cruel we Stool pf 109H 109H 109 109
Den A Rio Grande.... lOJi 8 8 8
Den A Rio Grande pf. 18
Detroit EdUon 124
Distillers' becurltles.... 36
DulSSAAtl 6
Electric Stor Batt 71)4
Erie 33)1
Erie 1st pf 53M
Fed Mln A Sm 32
Fed Mln A Sm pf 50H
uen cnemicai 345
Gen Electric 177 180H 177
Gen Motors 330 325 320
17H 17)4 17H
124H 124M 124M
35i 35)1 35)1
6
70)1'
33)1
53)1
28)1
50H
350
0
72)4
34!1
54)4
2SH
60)4
350
Gen Motors pf 11251 112)1
Goodrich U F Co 7754 78)4
Goodrich B F Co pf ..109)4 110
Great Northern pf ....122 122
Great Northern Ore... 4854
Greene Can. Cop 41)1
Guggenheim Eipln.... 0751
Ilomcstake Mining.... 118
Illinois Cent 108
Int Agricultural 25
Int Agricultural pf .... 64)4
Inter Con Corp'n 2354
Inter Con Cor pf 80
Inter Met rot t c 23)4
Int Uarv NJ 109
IntHanr N J pf 117
Inter Nickel tr 220
Internat Paper pf 40)4
6
7051
34)1
6354
28)1
50)4
350
170
320
112)4 112)4
70)4 70H
110
121
48
41)1
67H
121
Inspiration Copper .... 4454
Kan City Southern .... 27)4
Kansas City So pf .... 02
Lack Stool 85
Laclede Gas
Lehlsh Valley 75
Loose Wiles Biscuit ... 24
Loose W Bis 1st pf.... 00
Loose W Bis 2d pf.... 65
Long Island . 20
Mackay Co 78
MackayCopf 66
48)1
41)4
09
121
108)4 107
2554 25
54 63
23J4 23)1
80)1 70)4
2354 23)1
11151 109
117 117
203)4 106
39 39
4454 43
27J1 27)4
02)4 0254
86 8354
10554 105)1 105
Manhattan Elgtd..
70
29
05
65)4
2054
78
05
75
2454
95
20
78
05
Maxwell Motors 0154
Max Motors 1st pf.... 06)1
Max Motors 2d pf 5254
Mexican Petroleum.... 02
Minn A St L pf 2954
Mo Kan & Texas 0
Mo Kan A Texas pf... 10
Missouri Pacific 4
Miami Copper 3454
Montana Power 6S54
National Biscuit 125
National Biscuit pf....l21
Nat Cloak A Suit 85
Nat Enamel AS 2951
Nat Lead 6654
Nevada Con Copper . . 1554
New York Air Brake.. 149
New York Central..
N Y CM AStL ...
N Y N II A U
N YO A West
Norfolk A West....
North American....
Northern Pacific....
Pacific Mall
Penna K R
People's Gas Chl...
Petti bone-Mulllken.
Philadelphia Co
Pittsburgh Coal....,
Pittsburgh Coal pf
Pitts O O A St L
.12754 12751 127
02H
0754
6254
0354
2951
0
1554
5
3454
57
131)4
01
00)1
51
0151
2051
6
155,
354
3351
57
129
110
121
4851
4151
6751
121
107
25J4
53
235
7951
2351
109
117
196
39
43
27J1
6254
83)1
10551
76
29
95
6554
23
78
05
127
61
8651
51
0154
29J1
0
1654
6
3351
57
129)4
1254 12S54 12854
83 83 83
30)1 2951 30)1
07 6654 67
1554 15)4 1554
14851 146 140
0954 100 095f 0951
. 40 4151 4151 4151
8351 8354 8151 82)4
2954 3054 2951 2951
11551 11554 11554 11554
72 74 7251 74
11154 UD 1101 110)1
3051 3054 3054 3054
6754 6751 6754
110)1 120)4 110
7054 84 84
47 48)4 47
4051 42 4051
11354 11351 112
5754
119
81
47
4051
11351
78
705
7954 78 78
Pressed Steel Car 70)1 7154 7054
Fnb S Corp N J 10454 100 10554 100
Pullman Co.... 105 161 10354 104
quicksilver 254 254 254 254
Hy Steel Sue 4751 48)4
Kay Con Copper 26)4 2054
Reading 7754 7854
Heading 2d pf 4351 4251
Rep Iron A Steel 6451 6354
4754
2554
7751
4254
63
104
54
451
0
6
a
1654
33
17
375f
.155 154)1 154
Rep Iron A Steel pf... 10354 104
Rock Island pf 54 H
Rumeiy Co 554 554
Humely Co pf 051 054
StLASV 54 5
StLASF2dpf 051 051
St Louis Southwest.... 1054 16)4
St Louis Southwest pf. 34 33
faeabosrd Air Line 1754 17
Seaboard Air Line pf.. 40 3751
Sears Roe A Co....
Sears Roe A Co pf,
BloisShef 8 A I Co.... 00
bo Porto It Sugar 131
Southern Pacific 0651
Southern y 205
Southern Ry pf 60
Standard Milling 78
Standard Milling pf.... 82
btudebaker Co 162
Studebaker Co pf 11054 111
Tenn Copper 07 08)1
Texas Co 16854 170
Texas A Pacific 1254 13
Third Avenue 61
Under Typewriter...... 75
Under Typewriter pf . . . 101
United Dry Goods pf.,605,
United Cigar Stotes... 10
United Cigar Stores pf. 1154
union raciuc.,.,
Union Paclflo pf,
U bind Alcohol 100
U 8 O I 1' A F pf 40
United Rys Invest.. . 25
United Rys lor pf..... 42)1
U U Rubber 6451
US Rubber lit pi
U 8 Steel
FOftElON EXCHANGE
Sterling High.
Demand .. 4.0854
Cables ... 4.08)4
Francs
Demand . . 6.85H
Cables ... 8.84
Marks
Demand . . 82
Cables , , . 82
Low.
4.08H
4.6I?4
8.85H
8.8H
8H
Tea.
Close, Close.
4.68V4. s.07
4MH 4.C8H
6.85Vi 8.8454
8.81)4 6.88)4
Mtt MV4
81
WHEAT BUOYANT;
BULLS RAMPANT
Talk of Abandoning tho Effort
to Open Dardanelles Caused
Heavy Buying at Opening
CHICAGO, Oct. IB. Talk of abandon
ing the effort to open up tho Dardanelles
caused heavy buying of wheat at tho open
lng of the grain market today and sent
prices soaring for a time. The prices
gradually subsided as sellers Increased,
but a better undertono was In evidence.
Bulls bought on tho decline to hold back
a long drop. The millers' demand, as
well as foreign orders, wero said to be In
creasing. How the growing country move,
ment will affect tho market remains to
bo seen. Dears declare It will offset the
demand, while bulls say the Immediate
filling of orders will prevent any Increase
In stocks.
After touching $1.03 December wheat
reached to J1.07W. but closed bettor at
$1.03, nearly two cents above Thursday's
tlnnl figures. May also showed a good
gntn at the last.
Corn showed a mixed market. General
nervousness predominated, although the
advance In wheat gave prices strong sup.
port. Sales were scattered. Oats sold
freely in the early hours, with prices hold
ing fairly steady and no Immediate
prospects of a break unless such occurs
In the wheat market.
Export sales reported approximated
1,000,000 bushels of wheat, half domestic
and 100,000 bushels of corn. Chicago cash
handlers sold 20,000 bushels of wheat,
20,000 bushels of corn and C50.000 bushels
of oats, 00,000 bushels Intended for de
livery at seaboard.
Liverpool assumed a stronger tone upon
receipt of favorable American cables.
Spot was firm and cargoes steady. Con
tinental Europe Is absorbing freely and
American receipts are satisfactory.
Leading futures ranged as follow,:
Test'd's
Wheat- Open. High. Low. Close, close.
December .. 1.00 l.Oay, 1.07', 1.08 l.otis
May 1.09V4 LOOK 1.0&H 1.08 1-07V4
Corn (new delivery)
October .... 6.1 6411 B3 fU B2!
December .. R9 KiS 8S MH RSW
Msy 00)4 61 O01 (i05i COV,
December .. 384 3t$4 3SH '3BV4 138
May 40 toil 39 NO 30 !,
Lard-
October 9.50 0.82 9.45 0.45 0.02
November .. D.52 0 55 0.4T 9.45 10.63
... U.7U U.iU 11.7 U.4Z tD.
Itlbs-
January
70
October 0.85
January 0.G3 9.65 9.42 9.42 D.TO
Pork
October U4.75 15.05
December ..15.00 15.25 14.05 U5.00 13.30
Janusry ....17.72 17.80 17.30 -17.30 T18.00
-Kid. tAsked.
PUBLIC UTILITIES
The Western Union Telegraph Com
pany reports for the nine months ended
September 30 total revenues of $37,653,422,
against (35.4S6.653 tn 1914. Total expenses
were (30.023,772, a decrease of (525,273. Net
Income was (6,627,814, compared with
(3,934,677 the previous year and equal to
6.61 per cent, earned on the stock, which
would be at the yearly rate of 8.82 per
cent.
4754
2654
7751
4254
63H
104
54
451
0
5
0
1654
33
17
375
154
12451 12454 12454 12454
LIVE STOCK QUOTATIONS
CHICAGO, Oct. 15. IIOOS. Receipts. 13.
000 head: markets, strong. Mixed and butch.
rs. S7.nott8.00; good heavy. $88.85; rough
heavy, (7.7507.05; light, S7.S08S.80; pigs, (0.25
07.50: bulk. (8.3508.70.
.CAJTTLJS, Receipts. 2300 head; -markets,"
weak. Beeves, (4.50910.25; cows and heifers,
f3R8.R0; Texana, (0.5008.50; calves, (911.50.
SHEEP lUiCelpts, COOO head; market,
weak. Natlvu and Western. (3SO.0O; lambs,
(7O8.E0.
AUGUST EXPORTS LEAPED
WASHINGTON, Oct. 15. An analysis
of the foreign commerce of the United
States for the month of August, 1915,
compared with August, 1914, shows an
increase in Imports of more than (10,
000,000 and exports of approximately (150,-000,000.
C951" 6951
14354 14354
0051 0054
20 20
60 60
7054 811.
8154 8151
16351 160 15954
10054 10054
00 6654
107 10,
1254
0254
70
104
oej,
10
1154
00
160
0754
2054
COM
8154
8154
0354
60
104
07
1054
1154
1254
0254
80
104
6654
1054
1154
...11454 11451 11454 11454
U O DWai KU..,,it
Utab Copper . , 7054 71
Va Caro Cbem 4251 4451
Va Caro Chea pf..,., 10854 109
Wsbisb W 1 1251 13
Wabun pfd a W I.... 4654
Wabath ptd b W I... 20
WelUarro Kip 117
13454 13551 13454 13154
B-' U15t H15I H154
10054 09 99
4054 40 4654
2654 2451 2S54
4351 425 425.
6454 6351 6351
10851 10654 10054 10654
8254 8351 8254 8254
101U
:
MV4
iaTl is"' To1 sales, fa.8il.009. compared with 14,.
13,11 18 jo T74.060 yesterday i thus far this wseV, (!,.
, , . 23.QW aama psrtoj last wart, 18,a,IJi,
West K M 6751
Westlogbousa lit pf.... 76
Western Maryland .... 33
West Maryland pf.. .. 4854
Western Union Tel .... 78
Wheel Lake Krle.... 354
Wheel LK 2d pf... 4
Willys Overland. ...... 24l
WLconsla Central..... 25
Viooinortb 1 W Co.. .11051 UW ,1.1054. 11054
(JU0lu ax mviasno.
Total sales,, 918.300 shares, coisparad wltn
1.130.KOO bxrs yesuriayt thus far this week,
5,670,600 shares aaaa parted last vest,
T,M,G0 .
4651
2051
117
7151
75
3354
4851
7851
354
454
24754 241
Si 31
70
425
103
1254
4454
2451
117
6751
75
3254
4851
78
354
354
70
4351
108
125f
4154
26
117
63
75
SJ3
4b)l
78
354
H
241
31
More P. R. R. Stockholders
Figures given out today show that the num
ber o( stockholders of the Pennsylvania Rail
road on Tuesday of this week wan 01,110. an
Increase of 3324 over September. The number
of shareholders In New York la lO.O.'J), in
Fenneylvanla. &X153: In New England. 16.3011;
foreign, 11,865; scattering. in,07fl. Of the total
worom hold 45,510 shares. The average hold
ing Is 10X09 shares. No lets than 759 corpor
ntlons are stockholders.
Price of Copper Reduced
NEW YORK, Oct. 18. A large copper
agency has reduced tho price of electrolytic
copper from 18W to 18 cents. Some business
has been done at the latter figure.
BANK CLEARINGS
Rank clearings today compared with corre
sponding day last two years:
1015. 1014. 1013.
Phlla'nhia ..SI2.53A.510 (29.001.010 S40.1S9.37n
Boston .... 40,480,301 30,141,804 32.108,792
New York.. 611.082,741 228.18S.78S 348,360,922
Sensational Rise In Aluminum
ROSTOV, Oct. 15. Sixty cents a pound has
been paid for aluminum on top of the most
sensational rise the metal ever had. Tno
months ago aluminum was quoted nominally
At nrntind 30 cents a Dnund. hut a mnAAn Am.
mand has since carried the metal to a new
high level. Extraordinary conditions surround
the advance a diminishing supply to meet a
heavily Increasing demand.
BAR SILVER
NEW YORK. Oct. 13. Commercial bar sil
ver was quoted at 40S cents. In London It
wss 24 pence, unchanged.
RAILROAD EARNINGS
'NORFOLK SOUTHERN.
Year end June 80. 1915. Decrease.
Sales in Philadelphia
Yes. dote. High. Low Clote.
700 Allli Chalm . .. 4554 2H 4254 "tt
ZOO Am Milling ... 0 6 8 0
20 Am Oas .......119 HT 7 11T
00 Amer Loco .... 87 07 OOH 6T
SO Am Railways . . 23 23Vi 23V4 23V4
10 Amer Smelting. .. D254 W54 K1H
40 naldwln Loeo,.120H 123 123 123
SCO Halt & Ohio 0154 01 01
3 Duff A 8 t 0 pf 43 42 42 42
2020 Brill J O 01 70 03 63
r253 Cambria Bteel.. 00 CSU 87 67VI
160 Col Fuel 67H 80S M 56
10 Ches & Ohio 67 87 87
210 Chl It I A rao. .. 21 20 SO
883 Blectrlo Stor... 72 72 71 71
10 Key Tele Co... 14 14Vi 11 1451
20 Key TCotcpfOd 00 80 6
370 Lake Sup Corp 0 0 9 04
00 Lehigh Nar ... TT54 7754 71 77J4
227 Lehigh Val ... 75 T5 75 73
100 Leh Val Tr.... 18 18 18 18
223 do pref 37 37 37 87
3 Mlnehlll 66 8054 6054 B6V4
125 Mlsml Cop 84 33 83
221 North Cent ... 83 83 8354 W
5 North I'enna .. 02 01 fil 81
274 Penna It II... 67 87 67 87
248 ra Salt Mfg ..104 104 103 103
38 Ia Steel ...... 80 00 00 00
233 do pref 02 03 02 03
300 Thlla Co 47 48 47 48
10 do pref 30 38 33 3S
2060 Thlla Eleo .... 20 20 23 20
10 Phi la H T .... 13 14 14 14
270 do tr ctf 13 13 13 13
200 Ray Cons 20 20 26 26
:il Reading 78 78 77 77
210 So Par.lflo .... 86 07 07 07
223 Ton Uelmont . . 3 4 3 3"
100 Utah Cop 70 70 70
201 Union Trac ... 42 42 42 42
1204 U O I ...' 86 86 86 86
4103 U S Steel 83 83 82 82
100 Va Car Chem .. 42 43 41 43
100 Warwick I ft S 10 10 10 10
80 XV Jer ft S S. . 48 48 485s 48
26 West'land Coal. CO 66 00 66
Total sales 21.S03 shares, compared with
28,&U1 shares yesterday; this week, 120,482
shares.
BONDS.
Last prev. sale. High. Low. Close.
12200 Am Gas ft El 5s 88 88 87 88
21000 Bald Loo 1st 5s. 103 103 103 103
1000 Beth S 1st ref 5s .. 100 100 100
6500 El ft Peop Tr 4s 70 75 75 755!
1000 Key Tel 1st 5s. 01 04 01 04
1000 Leh V gen 4s reg 88 87 87 87
1000 Market St El 4s . . 01 81 01
2000 Pa cons 4s '48 08 88 08 8S
3000 Penna gen 4s. BS 08 93 DS
1000 Phlla Co cons 3s 87 80 86 80
14000 Phlla Co 1st U.100 100 100 100
4200 Phlla Elec 4s.. 79 81 79 81
1000 do 5s 101 102 102 102
0000 Reading gen 4s. 03 03 03 03
1000 Un Rwy Inv 5s 73 73 78 73
Total sales $75,900. compared with (182,142
yeturday; this week, (420,101.
Local Bid and Asked
Baldwin
do Pfd
J U Hrlll 6S
Cam Steel 7
Elec Storage 1
Qen Asphalt 32
do pfd 0
Keystone Tel 14
do t c 13
do pref 65
Lako Sud Corp
Lehigh Nav 77
Lehigh valley .
Lehigh Val Tr ...
do pret
Pennsylvania ...
Phlla Electric ...
Phlla i-n 47
do 3 per cent. pret... 30
do G per cent. pref... 41
Phlla 11 T 13
do t C 13
Reading
Tonopah Belmont 3
Tonopah Mining 6
Union Traction 41
U. O. 1 86
U. S. Steel 82
York Hallway 7
do pret 28
Wm. Cramp t o 88
Today
Bid Asked
L23 123
'
18
37
57V
25ti
Yesterday
Bid Asked
125 123
li .. in
UO 64 63
07 6S 68
72 71 73
32 32 :
71 70 71
14 14 14
14 13 HVi
66 65 66
lt u 0?i
77 77 78
75 75 75
18 18 IS).
37 37 38;u
57 57 57
26 25 26
AH 46 47
38 38 40
43 4.1 4.1
14 13 14
14 13 14
77 rnj 77
4!" 462 Si
87 86 B6
825i 82 b.i
7 7 1
20 2S 20
UO 89 01
CHANGE IN BRILL CONTROL RUMOR
CAUSED UPTURN IN THE STOCK
Entry of New and Powerful Interests in Philadelphia
Company Shown by Change in Directorate.
Bankers Paying for Big Loan
RUMOll "that some sort of an nttee
ment had ben reached between the
financial Interests seeking control of the
J. O. Brill Company and those now own
ing: a majority of the stock caused a
sudden outburst of demand for the shares
on the local Exchanges which lifted the
quotation rapidly from 61 to 70 before
offerings appeared In suttlclent quantity
to chock the rise. It Is understood that
a bid of 70 was rejected some time ago
for control, and that tho present owners
were holding- out for 100. Today it was
reported that a compromise had been
effected. The story that n merger was to
bo arranged with the DrlBKS-Seabury
Company, was also revived.
Entranco of new nnd powerful Inter
est In the Philadelphia Company-United
Hallway Investment group of properties
was shown by the election of a repre
sentative of Haydcn, Stone & Co., of
Now York and Boston, to the board of
directors. Philadelphia Company is
sues promptly advanced on 'Change. It
Is asserted, by people In close touch with
the management, that these properties
have never been In such a strong finan
cial position as now.
The general locnl market was quiet Dis
appointment was expressed over the lack
of any announcement concerning the salo
of the Pennsylvania Steel Company being
made following the Pennsylvanl Cw
pany directors' meeting this morntnt". It
was nevertheless said that an agreerrtetrt
had been reached whereby the Pennsyl
vania Itallroad stock holding will fe
transferred to Charles M. Bchwab, mWI
that the Cambria had gone to Conner in
terests. The latter stock fell 1 rotor,
while Pennsylvania rose a dollar, Phil
adelphia Electric made a new high for
tho year on talk of largely Increased
earnings. Rapid Transit was -not affeoted
by the cancelling of tho city mail con
tract. Involving somo 160,000 a year,
Somo wide changes are looked for In
this week's statement of the local Clearing
House banks, owing to the payments to be
made by Philadelphia bankers and brokers
for their proportion of the big Anglo
French loan, which notes must be paid for
In part today; Already there haa been
considerable shifting of loans to rrjeet
these requirements, it Is said. Eleven lo
cal financial institutions and 27 firms, In
cluding the largest banking houses in lh
city, are Involved. The total initial In
stalment calls for $122,500,000, but, of
course, this city only furnishes a small
proportion. Incidentally denial was made
of a report that It would be Impos
sible to borrow on the participation re
ceipts. They are not transferable, but
Morgan & Co. will give a letter to anr
bank recognizing an assignment for pur
poses of a loan.
Financial Briefs
LONDON STOCK MARKEf
MINING STOCK QUOTATIONS-
TONOPAII STOCKS.
Bid Asked
Jim Butler 77 .71)
Mac.Numara 03 .04
Midway 11 .13
Mlzpah Extension 18 .10
Montana 26 .-"
Northern Star 10 .12
Tonopah Belmont 3 4
Tonopah Extension 2 2 7-16
Tonopah Merger 81 .83
Tonopah Mining 5 tr
:: .09
.00
.58
Rescue Eula
West Ena
QOLDFIELD STOCKS.
Atlanta 26 .27
Blue Bull 03 .04
Booth 43 .45
Bulldog 02 .03
COD VI .04
Combination Fraction 07 .09
Dlamondfleld B B 06 .07
Daisy 01 .0(1
Florence 45 47
noldfleld Consolidated L33 1.40
Goldtleld Merger IS .20
Jumbo Extension 1.44 1.50
Kewanas 36 JS
MISCELLANEOUS.
Falrv Aztec 01 ,03
Klmberly 01 .03
Nevada Hill 17 .li)
Nevada Wonder 1.33 I.44
NEW YORK BUTTER AND EGGS
NEW YOBK, Oct. 16. BUTTER. Market
weak: receipts, 8802 packages; extra. 28
28c; higher scoring, 28S29a; State dairy,
2728c; Imitation creamery, 2324e.
EGGS. Market irregular: receipts, 7862 rack
ages; extra nrsts, 813S3c. : firsts, 27R30c;
nearby whites, 48350c; mixed color, 27w35c :
refrigerator firsts, 24Q25c; nearby browns,
SGSSSc.
RATES FOR MONEY
Call.
Philadelphia 8 04
New York 1Q2
Boston B
C.lcago 864
Commercial paper, 8 to 0 months, Philadel
phia, 3SJ4 per cent.
An Initial dividend of 1 per cent, was
declared on Third Avenue Railway
shares, payable January L
A. L. Ordean, president of the First
National Bank of Duluth, has been
elected a director of tho Great Northern
to nil the vacancy caused by the death
of Samuel Thome. Other directors were
re-elected.
Tho New York banks gained J4.633.000
from the Subtreasury yesterday, and
have gained tll.191,000 since last Friday.
The Great Northern's annual report
shows lu the fiscal year ended June 30
last 8.26 per cent, was earned on 1249,476.
722. compared with 8.85 per cent, earned
on J230.997.70O for the fiscal year ended
June 30. 1914. Tonnage of revenue freight
carried decreased 7,404,539 tons, and there
were 730,942 fewer passengers carried than
In the previous year.
Charles Nayden has been elected di
rector of th Philadelphia Company and
the Duquesne Light Company, of Pitts;
burgh, taklns positions left vacant by
W. B. Carson, resigned.
Louis N. Splelberger has been elected
a director of the Union National Bank,
succeeding W. B. Tllden. J. S. McCul
loch has been elected vice president of
the bank.
Tho net earnings of the Tonopah-Bel-mont
Development Company In Septem
ber were S67,S&0 and of the Jim Butler
Mining Company J22.230.
Exports of copper from the Atlantic
ports the week ended October 14 totaled
6278 tons; since October 1. 9913, and for
the same period last yen,r 9450 tons.
Tho New York Subtreasury transferred
J500.000 in gold coin to Cuba.
The Philadelphia Warehousing and
Cold Storage Co., Increased the semi-,
annual dividend 50 cents, to 12.50, placing
the stock on a 5 per cent, basis.
George A. Iluhn was elected a director
of the Ray Hercules Copper Company,
formed to acquire a majority of Arizona
Hercules copper stock. Other directors
elected were August Hecksher. E. P.
Earle, J. J. Hopkins and W. F. Bartholo
mew. The reported movements of currency
this week Indicate a gain in cash by
banks of 116.756,000.
More than half of the $500,000,000 Anglo
French loan has been subscribed for and
withdrawn, leaving only about $250,000,000
to be taken by the public at 93.
According to Bradstreet's exports of
wheats this week. 10.638,000 bushels.
last week, 10.910,100 bushels; last year.
6,274,000 bushels; since July L 8.369,000;
year ago, 019,387,000. Corn shipments
this week, b8,000 bushels; last week,
58,000; last year, 192,000; since July t 3,354,
000; year ago, 1,6S6,000.
War Loans Dull South Wales Treas
ury Bills Redeemed
LONDON, Oct. 15. Consols were quoted
at 65, the old war loan at 92VJ, and the)
new ex rights 97 11-16. Although the St,rjck
Exchange markets had a checkered-appearance
today their tone was" firm in -the
main, influenced by the statement f "For
eign Secretary Grey in the House of
Commons yesterday relative Jo the situa
tion in the Balkans. Business however,
was not large. The war loahs- were dull
tn spite of Increasing easiness In rate Yor
loans and discounts. New South Wales
treasury bills to the amount of 1.000,080
were redeemed, and a block of 15,090,009
British treasury bills will mature tomor
row. American shares were sluggish and
weaker In some spots, with the excenMna
of Chesapeake and Ohio and Canadian
Pacific, which advanced. Mexicans
showed fresh buoyancy and the supply
was scant. Jobbers are selling at present
quotations.
Whllo trading In home railway shares
was narrow their prices were harder. Ar
gentine rails also were firmer. Rumors
that exports of Iron and steel would be
prohibited caused dulness In shares of
companies. Steadiness characterized
dealings In mining issues.
Gross $3,623,662
$364,83$
Commercial Markets on Page 12
UNION NATIONAL BANK
Philadelphia, Pa.. October 7, 1015.
At tb regular stated meeting of the
Board of Directors held this day Louis N,
Splelberger was elected a Director of this
bank.
LOUIS N. BPIELUERCIER.
Cashier.
' October 14, 1015.
At the regular stated meeting of the
Doard of Directors held this day J, S. Mo
Cullorb -was elected a Vice Preldent of
this bank.
LOUIS N, flPIELBERQER.
Cashier.
LKQAL ADVERTISEMENTS
-3S IN TUB COTJIIT OF COMMON PLEAS
i7 No. 1, for the County of Philadelphia.
March Term. 1000. No. 866.
Notion is hereby given that an application
will bs mads to the above court on Friday,
November 8th. 11)15. at 1 o'clock p. in., under
the "Corporation Act of 1874" of the Com
monwealth of Pennsylvania, and the supple
ments thereto for the allowance and approval
of an amendment to tha charter or PHILA
DELPHIA JEWISH SANATORIUM FOR
CONSUMPTIVES changing Its name to
ISAQI.EVILLB SANATORIUM FOH CON
8UMPT1VE8. The proposed amendment Is
now on the nls tn ths Prothonotarys ofnee.
SAMUEL K. LOUCHHKIM.
solicitor.
D AN
i
DIVIDENDS
XHK AMEHICAN OAS COMPANY
West Washington Square,
Philadelphia. Pa.,
Oct, 0, 1615.
A quarterly dividend of tK (or It pel
afaare) has been declared on the capital stack
ol thU company, payable Bee. 1st, 1018, to
the stockholders of record at S o'clock p. tu,
Nov. 17th, 1815. Checks will U mailed.
J? B. TOWNBEND. Sd. Treasurer.
DIROTOBr Of ACCOUNTANT
GertlSed Pobllo Accountants
-"--,HLAWiacNc"jrowN"jrco7
MM MEAL JMTATS) THUBC SUU-DINO,
INVESTMENT
BARGAIN
We have just purchased
from Europe a block of
very hiRh-grade seasoned
bonds at a bargain price.
They are secured by a
first mortgage on an im
portant railroad terminal
In the Middle West, and
aro guaranteed, principal
and interest, by four largo
railroad systems.. We
recommend these bonds to
investors wishincr to com
bine a very high degree of "
safety wltn lair return.
Send for circular 102.
Porto Rico Bond Award
WASHINOTON. Oct. 15. The War Depart
ment has awarded to the Seaboard National
Bank or New York $200,000 Porto mean bonds
at .OS626, and to a syndicate headed by C.
I Chllds & Co.. ot Chicago, $500,000 of the
same bonds at .0763.
A dependable income
is the direct result of
conservative bond buying,.,,
We offer for conservative . '.
investment
First Mortgage R. R. Bonds
to yield 4.08 to 5.65
Free Penna. State Tax and
Normal Federal Income Tax.
E&wAft l Smith &Cq
BAKKER.S
Established 1892
Bboid and Chestnut
PlllLADELFllIA
30 Pins Si,
New Yoix
American Gas
Company
CAPITAL STOCK ' ,
at present prices yields over
6,70 :
William P. Bonbright & CovJ&c.
MORRIS. WISTAR STROUD, Jr.?
Manager
S7 CHESTNUT STREET
Philadelphia
New York Itoston Detroit
London I William P. Bopbrlfht A Co.
Tarts i Bonbright & Co.
f
Active Checking Accounts
This Company invites and welcomes tho
active checking accounts of corporations,
co-partnerships and individuals, paying in
terest on such deposits at a rate contingent
upon the size and nature of the account.
If you are contemplating the establish
ment of relations of this character, we shall
be glad to submit a definite proposition for
your consideration.
Philadelphia Trust Company
Broad Street Office
1415 Chestnut Street
Main Office
415 Chestnut Street
Capital
?1,000.000,00
Surplus
$4,000,000.00
-.-VJ4v
irorcimmfflswwMHWMi
HOUSEKEEPING APARTMENTS
OEKMANTOWN
jfairfax
waynM
BulttB
B(JT
partments
2KPM00V UinUlINO
In aunuANTOWN)
FVSNUB AT SCHOOL LANB
' and 8 rooms sad Z baths.
fflura coTerlnar entire housa.
Matd service by the hour, elevator,
1L J JOHNBON, ROS Bailer DuUdlag.
Every employer should know the new
Workmen's Compensation Law
We are prepared to furnish abstract of the law tutd
full information to you o request.
Stokes Packard Haughtoa & Smitk
Resident Managers
London Guarantee & Acc'nUfri fG:, LU.
432-31-38 Walttut Streei
4C Philadelphia
Lombard
MMsMislilMissssW
Mli
rTM " .". sjv -
V II