Qb
EVENING LEDGERPHILADELPHIA, SATURDAY, OCTOBER 16, 1915.
f
FINANCIAL NEWS
I New York Stock Sales
, . . Lt ClOB
''K uolrt M
Altls Chalmers Mfg
Am As Chemical
Am licet hutar
Am lli Sucar nf
Am Urate r pi It 20i
i uan
Am Tan p
Am Cat & roundry
Am ("oil I'njJuct
Am Cotton Oil
Am Hide a leather
Am Hide ft , p(
Am I Itisccd jif
Am I promotive) .
i Am Smell ft Ho.
Am Steel rojnlrl'e
Am Sugar ltcnnln;
Am Tel ft lo .
Am Woo ion .
Am Woolen tr
Am Woolen p tt .
Anaconda Loppu?
vtcri I . s K
Itlmorf ft Ohio m
nemicncm si,gi
liethlenem huel pf
I rooNUn Ma ft
Hronn Shoj pf
iiunu Hroj
business is -broadening out;
MONJliX AJ3U1NJJA1NT AT LOW RATES
Reports From All Lines pf Trade Throughout the Coun-
uy y "" wr..v, Hum urtiuwm
Rose Nearly Ten Points
N1SW YOItK. Oct. 16.
That business Is brondenlnR out Is homo out by the optimistic statements . Am smelt ft M f,f '
ved bout the different traders throughout the country. The most pro- I Am Smelt ft Hof pf A
need chango for tno uetier, ns is usually 1110 case on nny Improvement, Is
IB the steel tntlP Th0 olftl00k' lnced. I" very tiromlslnrr. und n wave of
flLtrlty l "oW lookcd forw(ird to- 1'crhaps It Is a little lato lnN comlnir
Itesom lnMl wnllc ,n olners ll nIrpnily exists. This Is not the caso In any
ml" ..i In atAMAcnf fill rtVM trm niinlii
Kkt locality" uui i -"- v. ... wU..w.
lr"" . . -. .I., afrtnl IrailA li1lfAa nfA .Intl.. 11.11 .. . . .. .
s cnenKine "i "" -. -,.. . ... ...nijr iiiiuiiik i more uiiiicuii to
k r requirements, and this snajf has been run Into by tho r.illroutli In ,J'llii Ucof
iLtlcular. n tho Inst year or so tho railroads did not spend much money "Slt!mo & m
- . ,,. nil. iii.lv ii,. ,,i,.. ki.m .'..inn niiinn ...a.. ..... .. . ....
nf replacement. ."... v. "iivu mcj iiiuhi yu hu, unu
a, nre urgently In tho market, Steel prices are well abovo what they were
vear ago, and tho expectation Is that they will ko upward still moro.
Btf The weekly returns or banK clearings m another Illustration of tho better-
tf thn Inst several weeks months. In fact thov hn. hnnm iMmnn.inni i i mi. .. .........
vr .. mer the mme week of the previous r-nt. Whllo It mum ho hnrn in Kuiieilrt, Lo
511 that a large part of It represents transactions on the Stock nxchunRo. yet ' '! i!c!!'u" ,
CTf.M must not be lost sight of that the Improvement In trade conditions i n,iV. .V'",P'
1 mt be responsible to vjmo extent. When buslneh.i gets well under way for tint leatlierto
itgeneral uplift of pronounced proportions money In largo amounts will be I J Pr 'l
Sdcd. and no ono necd fcnr thnt U wl" not be nvnl,aW- KlBurcs given out j ,! , l 'j)p,r,p,,
ii.ih Comptroller of the Currency today show that tho national banks of the 1 ehl.'tit v. "
.... - ....... .. . .. ... . . t .. . . .. '-" "
t.nMrv arc rainy Durmins wmi money una uitu imercst rates aro low: in
Iuitlnn to this moro money Is constantly flowing In.
a0111 . . . .. !. utH u- . x., . .. . ...
J The statement i mc wiuuuuu w mu uiuincrvrs 01 me tiearing llouno
'Uooclatlon for the last week wns truly" a remnrKablc one. It showed the
VeatMt changes since the new method of making up the htatcmpiit. In com
pliance with the Federal rcBervo net, went Into effect, and piobably In the
M.tory of the banks. The offering of the $500,000,000 Anglo-l'rcnch loan was
u. nHnclnal reason for the changes. Loans, for instance, advanced $149,295,000
tr the previous week, while net demand deposits roie $177,772,000 and time ' or" '.'.""V11!? Jtefr
eposlls $B,742,000. Ono of the most Interesting facts was that the surplus - uu-ilii&tce .
eMnged very nine in comparison wun inc otner Items, only falling oft
$1,111,000. that Item standing nt $188,263 000.
t ' Until the final dealings no definite trend developed on the Stock Exchange I
a the two-hour session today. At tho start price movements were Irregular.
fraders continued to sen tneir holdings, or parts of them, taking some of
A profits which have been realized In the List few days. Toward tho end I
Sf the first hour stocks became strong, going off later, only to became strong
'A the close. Tho market was led late In tho day by the war specialties, ! (,p themlcit
nMtr!n belnc the feature. It rose to Within a fruetlnn nf Inn nnlnio fn- i, l,cn J-itcinc.
Ms!on. Bethlehem Steel bounded up seven points, making a new high
record at 484.
$835,000,000 Loaned to Foreign Governments
m ince the war started in Kurope the United States has loaned $835,000 000
to the foreign governments. Moro than $800,000,000 Is still outstanding. Less
ttan one-fourth of the money represented has gone out of the country, having
keen spent here for necessities.
Prices of Steel $7 HiRhcr in Year
'At the present ruling prices steel plates, bars and s-hapes nre about $7
Uton higher than they were at the same time last ear. During tho last
twek they rose $1 a ton, making steel bars $2.05 per 100 pounds and plates
Rid shapes $2.10.
Illah. Iaw. CIoe
. 42)i 4JL 42 4IU,
, (J7IJ C7U C7M 07H
. 7 (17 I0 WJ!f
OTa riJ Oli 02
2IU I'd- -Ml Jit)
IM l t Ifl'i MH
llHi IWH 10 H 100h
M Ko Ml j 85
.tot lo; tat in i
. 5f 6M( CM BSJ
mt m( low io
. 4SU 48 48 48
30t, 3i( .11 .14
U i -r C0!( 7 i
(ttij tv.u a iMh
10 KM . 10!M III'M
Ml '0 8i! 80
.11 1 0 IM 4 rH
ll.'H ll.'Ji ll.'H Ili'W
l-M'J 1-JIU JjflW l'.MJi
t nl , Mil. ft ll. I'aul
-.. M. ft bt I'. pr
. . f ft M I,
f . C . C. ft M. U pf
'hi ft Norllmett
tluett. Tea ft Oo.
olotduo i iit-i ft i
Col ft Southern
tonsollJaUl Uai
tontlnental Can
rucll) o t(v nf
Del Lack ft West
Detroit Kdbon
Dl'llUri,' ecurltlc
Uonio Mines
hlrctrlc Ktor Batt
Kilo
I tie lt p
Krle I'd p,'
5.'U
. 17
7A
.100
U.VI
111 I
T4H
77
hU
'
. 87
Ul
liOJi
34
. 10'i
IS
ll'4!(
. M
5il'
4'1'J
. 'MM
Mi
VIHIH
4fi
72
l'."i
. 7a
117
Wl 11(1
I4!! 1SWJ
ca
vvi
75H
ion ,
13 i
V-IH
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i4
10-
8
lll'i
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41
II.
VI! i
.7
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21
.111,
WIU
1L7
l.r
71
DO
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.. r2
Hi' 07'
74 i 7.Jf
I'M J lO'lli
1 .1 I.1J4
FOREIGN EXCHANGE
Atertlnc
Dimonil
Cable
Crnnm
Drmnnil
Cnhleit
Murk
Demand
Cnlilen
Open
4 IS,
4 MM,
8.H4V4
tit
S3H
lIlKh.
4(19
4 0H
5.BIH
.SS
Clone.
4(19
4.9IK.
BMW
S.8S
ra.
Cloe.
4.Vi ,
4.I,
A.MV4 I
M !
L!1
WET WEATHER
' INFLUENCED CORN
1 Sales in Philadelphia
Wheat Market Wavered Uncer
tainly Increasing Exports
of Oats Reported
in
7I
I7."
10.'
-7 4
87
IK) i
il
.11 i
1 i
42
II Wi
7454
48-1
1(1.'
7lj
7
01
mw
M 4
14
4
IM i V 5
toit
.- '4
;.o
sow
.11
Ml
(0 ;
.11
NEW YORK BANK STATEMENT
Record-breaking Increases in Loans
and Deposits
iNCW TORK, Oct. 16 Reflecting the
btimense loan transactions on account of
h Anglo-French flnanclng, the New
Tprk bank reports today showed record
Wealing changes in the loans and
Ttposlta Items. The former expanded In
tit actual figures $19.205.000, while de
tioilti Jumped $177,772 000.
fJTotal loans were $J.87l.7U,p00. with total
(eposlta of $2,932 202 000. and time deposits
w jHS.CSt 000. The asKregate leserve was
KU15000 Details follow:
lrtni Houir menliuiH. aiernge loHtm, In-
J, M.K.IO0, ilcioslls Increano J7J.n,-
w Urc ctioiillR. In itaite, ?ll,iin,O00: re
ftnii. lmrnfe. xl.mil T114.
fcCiirtni llouce memberti actual lnans. In-
KiCTi. fiiy,iir,uiu, uepotus increaHC in -itiym,
time dpoIU. Inrrtase. $5,742,000. le
ww, teemte. ai,lll,0Oi.
BIG, GAIN IN BANK BUSINESS
New York Bond Sales
HiBh. I-o
'J(M0 Adams Kxprcdn 4s . 77 77
iu Aincr Tel c t 4s .. Mi
410W) uo cvt 4',k . . 104
-vOJ Armour Lo 4-n. ... iil
14 n't) AKnlmm cv 4h 1101..
lUO) do l'Jl.O
JWO Ualt tc Ohio .His
40M) do 4a
3UiOJ do 4a . ...
N00O Halt a. o Snn
1100 llo.h Steel 1st
"O0O do nd Ss ...
31.110 Uklyn n T Ss
IVjs
3s .
tins
10(1
iHVi
. Si?,
ll-'f
Sl'
.100
10U
10.IJ.
U1J
I'-'
100
U1'4
87
IUV,
VH4
10J
100
100 V,
Clote
77
lun
ul-,
100
01 '4
87,
1(U
1011
10UV,
Tr. kt)"1- ll"r i .. .10 1.8-j x.o
"" CJiee 4. Ohio n 4M,s. m(u Mi, Ma
ttiladelphia Clearings Increased 34
Per Cent.
KAn Increase of 67.6 oer cent vwis shown
l,Jhli eck's clearings of the national
Unli New York led with 117 3 per cent.
lain, while Philadelphia's Increase was 31
Wtrat.
iThe total clearings amounted to $I,i25,-
m, against $1,471,406,684 last week and
IaUIWS0,X0 the corresDondinc week last
ijwr.
i9 lm
te Twk. $!,n4ns44.ns-,
Kn ,. tinajn,n2t
. .Mllphll. 1V2.7 0.4R.1
Wilmort ... loss.wci
K-affl .. . ?T fc"7 nin
l5lul , 7!iMr-niv
I Orleana. 10.101812
Mils
?l
lib
Hw (
lClt!
k
1014. I'.C.
Tin7.702.4S') 4 118'!
llU.2RS40i) - .113
111.IM15nO - '14 II
27,474,7 I'i -- 11.0
229.W-0.O40 - - 1'0 1
mi.Mi.nu 2S.7
14.810,011 84 0
I2,7(0,4kT,379 1,487,54T,CC7 84.2
,. b50,21T.M 670,142 601 14 0
r iltu
UJW' .
i III rill..
I)' . .13.890.701.073 I2.037.080.7S8 4- G4 8
cities, j
SI5.0.8.247 4KI,10O,B02 SO 3
UU cities
ttk.. .11,225,777,320 12,520.880,260 07.0
Local Reserve Bank Stntpmrnt
M Minjllll. vs. .
mfuuXtiSi m 'i18 "ri Jteicrve Mann
rrMUdiiphu at the close of business yes-
"HIT Compares a . f nllnn,.
RESOUIICES.
(Win SHfl rl1Ml&.
"ult ., an.4M.in
.H.uni lunu
Oct. 8.
$8 937,830
TSM'.i".::'i'" 8822995
.1 ;"'r'"vu uiiaM, oi,uvu
teai!r notes, sli-
iii!l. 2,618.78(1
sssSlfilJi ' v IT, 420, 800
iwrcUl piper , 279,040
Blsl'SP." V .V MM-W
fiTsSlir 1,783,009
lc'Hl wsrrsnfa . 1111114
sifjl laveatments
2.978.432
8,497,060
87,000
2 4D0B0(
14,002.830
885,807
1,410.0:4
1,774.282
814 016
8,017,432
incn other Federal
ii ..r"net
rmnrs notes on
f mii.k.1 VJ
W other Federal re.
! UMurce:;:-:
$3,400,(08
834,187
020,890
9
187.280
1O8.0J1
$3,801.50$
8,003,639
807,880
61.740
104.88.1
1 f'wurce $28 844.714 $28 033,242
IPfiffiRSft ... 18.577,10?
w .. . . , 000
IP1! liabilities .423.814.714 323.038.242
18.
1,20(1,550
85.1 073
3 01U
BANK CLEARINGS
CltUHnar .a.u - .ii
& dwTKi tVo"V.a7.:"" """ ""
Wphl. lisKftno m'ratlM $30,.47i.004
" .uia,45Q 29,037,720 aj.WT.TbB
RATJES FORMONEY
file.
....
... ,
Call. Time.
3 W4 3V.04H
1U62 vUaii
8 SU3
'.'. .. 3Ktf4 4 '
Ul DSDer. 8 lA nnM.l.a lMIB1l.
ir nt. "
J $YERNMENT BONDS
1IW -aa. . " !
lWA "
1-1-- vuuiKin
liVVtered';-!1
? ? rexlsttrcd
':utrZVOa ..'"
I sNaUTMs,
r.T.' .'
1 coupon , '
07
.. 07
.. Ixl
.. 0
..10"
..innvi
. .100?
lid
' "OAD EARNINGS
"1AK ANP Ul'PBO.V
truss
MtMI-
rote,
1013.
$J,l:to. "2
8ttl 737
4 173 4W
l.Utl.lM
Increase
IU.7JU
to. Kit
U.UU
7.tlW
IIU1
UJ4
7U'
. oI
. 10,
.101
NO11 Clies u uiiio 41,3
-ttio cm .iion :!:
Mild Chi . Last in ,ia
U0 Chi at Vitt 4a..
,-"': Chi ti n ViS
4'HXi.. Chi II A. y joint 4a.
loOO nil 11 & y gen 4s..
ISOihi Chi Mil it bt ! cv .Is
.mm win Jin a. &t 1' cv 4Vj3 l)7'j
4000 Chi Jl A st ! i,tn 4(?s wd
2iWK) flev Sh Line 4s UK
. 00 Col V K l gen 5a 03
IdOO Lei A Hud ltd 4s 53Vt
HiOi) I cl X. Hud rtt Ha KS
I1O00 lila Setur Corp 5s. iiSiA
.0011 liu 1'ont Powder 4 'is. 10.'
".wxi Urlo reir 4a . . so
IO1111 L,rlo torn- 4s feer It . 7711
4IHKI Krle & litis tn.5. I0J-).
:.iumi I;..... it... .- ....-
"""" .v, im; 11a
It"' l!cn KIcl deb 5s
iUUU llOCIf vhI 4'4s
1000 Indiana Ste'el
1000 HI Cent rfd 4a lUIJ.
10U0 Ins Cop cv fca lull).
10(0 do cv 1
11.000 Interb Met 4Us
MH)0 Interh n T ief 5s.
7WKI Intir Iter Mar 4L
40110 Japanesn new Q S 4Vjs 7Ht
liiOO Lacka bteel Ca I01. 04',
I'IXii do 61 11110 . . , 0.1V
2000 1J Bhore deb 4s 10-!S 0.".
H)0 iflER & M T 5s .. .100t4
U'lll i.ouls &. Nash 4a.
inort Manhattan 4s
4K1I Mo Kan & T 4s ..
li Oil Morris i. Tstex SVss.
111011 Mo I'ac 4s... . .
HKO Mont l'ovier Ba. ...
4' Nat Knam & fatp 5s
74 Nat Tube 5a..... ..
10 .' N V ' I. 8 .Tab
101
..101
loii;
172
71',.
11
.100
0414
71.14
inn;
1 IV
4lmi) N V o A Hud lis ret.. 107
"4
(n;
0.J1,
70'i
Utr'4
w
101'fc
t7Vj
OSS
".lis
1)3
55V.
12 ,
OS
lOi
hO
TiV,
iai
104
104
h'JVii
101',
M-i,
172
17.'
75
out,
77
7-U,
lll'i
ll
100',
UlN.
100
112
m.
70
U'4
:nu.
I'lti
111
IHIU
r ti
111
. 102
..111
iii
.. 02
. Oil,
.. II IV.
.. nm!
. IMlli
. ,ii.
..121'
1
lOlK) N Y 1'ltv 4, II) VI
2KiO do 4'An OV 11117
lV) N V N II A II (la...
HOfM N Rwv odj 5
iPOii Norf Wert 4s ...
swn Nor I'ac urlor 4a .
MOO do sen .Is
1000 l'enna cit :iV4a 1013
1000 do ion
IVlorl do aen rt 4',a ....
"vn r, ji p21 .. . .
4000 Hay Con Copper Os
20.41 Huik Island rid 4s..
ltooo Bt 1, I M & -S air 4a 53i
7O00 do 6s . 04
1000 fleaboard A I. adj Ca. en
nooo Booth Hell ss 07
2100 South l'ac 4a R1
20M)O0 do cv 4 84
2.1000 do cv ret f d Bs 104
36000 do rid 4s 86H
2VM South Pan Term os,. 80
8000 South Tlwy ten 4s... m
1000 Texas Tac 1st Cs., 08(4
1IWI ..vaa rj( u Am iftoir
4000 Third Ave ref 4s'.'.'..'. 81K
IZOOO Th rd Ave
8000 IT B Rubber
rum IT R Steel Es
li, 10 union t'so jsi 4s,.,t u,
1000 Union Pso cv 4s 2Vi
1000 Union Pae rfd 4s ... M
1000 Va Rs Drown Ilroa ,, 34
1000 Va Car Chm 0s 00V,
1000 Wabash 1st 6s , . ..102
IDOO Wab Kqu ct sta 4s f p Pfl
10000 Wab-P let it 4s,.., . 2
4000 Weat Bhore 4s ....... 0O
8000 M'lsron Cent gen 4s, , 82l
1000 Welks & C 1st 5a.,.. 81
i '8$
ref 4 81K
ad 6s,.., 70&
er 0s I02'i
3 1021
l. Am aill
101T4
111
47
112
lll'i
IMI'Z
08',
loox,
120 V4
ir.U
fti
04
83
07V4
MtJ
84
lOl'A
88
rtTli?
03
102'
5i'
70
102H
102vl
ooii
102
01
l'i
no
8214
81
Sli
44V,
"4
7uli
DO1-!
")S
10 IV.
K7Vj
Uh
1)1 j
1)5
5V,
10214
IS
10J
SO
11 )i
101
1114
SM
lull,
Sift
17J
172
"J4
IHIVj
77
"'
OIK
1)1
100
OtH
1111,
Il2l
Vf)l
70
lll'i
37 I
81
ii?
.1
107
111
in,
111
47
112
iii,
HIH
W
'HIS
"Hi
1001.
1-iili
lll'A
filli
114
(18
H7J4
8.1 VI
K1V4
104
86H
80 Vi
G8
l8 V4
102V
811
79U
102
102W
04s;
9214
80
54
00V4
102
I8
2
00
H2U
81
Oca Motori
Uoodrich 11 V Co
(oodrlch II F Co p .
tircat .Northern pf
(Jrcat Northern Ore. .
Orccne Can Cop . .
liUtKcnhelm Kvpin .
Illinois Cent . . .
IM Acrlculfiral " .
lot Atricultural pf ..
Inter con Corp'n . .
Inter Con Cor p
Hit lliv NJ .
Inter Met vot t c
Inter Mckel tr. .
International Taper
inlirnat 1'aper p
Inspiration Copper
J. I Case Co. pf
Kan City i-outiiera
Lack btcjl . .
I.ehlsh Valley
Llcgctt 4 Myirs
l.cnz Iilin I
Loose Wiles lllscult
louU & .Naslnlllo
Maxnell Motor
Max Motors bt pf
Max Motors L'd pf
Mexican letroleum
Mox Tetrolcum pf. .
Miami topper
Mo Kan & Texas
Mlssoirl 1'acUic
Morris & Essex
Katloiui llbcuit
Nat Lnamei A. o
Nat latl
Nat Hy of Mcx 1st pf
Nat Ity of Mex I'd pi.
Nevada Con Copper .
New York. Air Urake
N Y N 11 & II
New York Central . .
N Y O & West
Norfolk & West .
Northern I'aclllc .
1'acl.lc'lel & Tel. . .
l'enna It l(
People's Gas Cbl
1'eorla & Kastorn
l'liliadelphla co . . .
l'lttstiureh Coal. .. .
l'lthburcti Coal pf . .
l'rcsicd bteel car.. . .
lly bteel bpi
Hay Con Copper....
IteaUin;
hep Iron & bteel ....
Hock Island pi
ltumely Lo
Humely Co pf
fat L & S K L'd pr. . . ,
fat Louis Southwest....
tiaboard Air Line. ...
fctars Hoe & Co
blossfahef b & I Co...
to 1'orto It Sugar
boutLern Pacific
bouthern Ity ,
btandard Mlllinz ..
btudehaker Co.. .' .
btudebaker Co pf. .
Tenn Copper..., .
'lexas Co
'lliLrci Avenue ,
Under Typewriter
Lr.lon Pacific
Union Pacific pf
United Clear .Stores..
United Cigar Stores pr,
U b Cast ll'sc ....
U Mod Alcohol
United Hys Invest
United Ity Inv pf....,
U ti Kipress
U S Red & Ref
U fa Rubber
81
llli
lift
ill
vyM
Ct't
lot
w,
4i
..I.I
17U
.:.' 1
7f
ll'i
Ul
48U
41
(I7'
107
Jo
. f3
;) f
71 H
im
M'i
19
I0'4
3)
80
Wi
KH
7.
.240
I'O
. -2H
125
. (Jl
. 16'1
. ol
II',
. o7
adu
(i
r.
163
0.1 '1
.TO
4'l
HH
:a
IK)1-
l-"i'i V27H
a:, 41
71 71
1.10 1.3 )
-' 7.'
6 I'i r,u
34 ' 1
147U H3U U3-
wt 111
80
Ul'-j
210
12)
.
22H
70 f
fi-'V
42 i
no
so
tit
un
21)
1-3
35K
7U1-
am
.'.Hi'
4-"i
:o
170 t 178
327 321
70'4
111)'!
121(l
4S'4
40Vi
(
1(7
.34
3' J
. ''f
liO
2iM
197
ID
3f
4.1 1J
81
271
S44
l
751,
110
12 1
47)1
:um
i71f
107
24J,'
5.1
23!
7'i
184
81
3'
10'J
210
12-
rr,M
'22M
71'1
34 '
f'f
42'
310
178J4
327
7(U,
ll'l
12IW
48'-.
30H
07h
107
25
CAM
2.1V
79'i
CH1CAOO, Oct. 16. A vMivcrltiK ncivous
I spirit swept through wlieut trndors at
Iho opening of tho frrnln market today
nnd figures changed frciucntly, vvlth"tho
bnlnnco In fnvor of a downward trend
In the enrly hours. Opening pi Ices oom- J
prtioii favornb!.v with tho tlos'ng qunta-
lions of ycnterdnj und u xtronj ilemond,
1 tilth few offorv following, cniiflcd n
, hulno When sellers Increased, the trend
thntis'd 11 id nctvously declined. Wlnnl-
pen'i, ptroli'ith helped the liulice. It Is
I believed the mnrkrt ntnnds icndy to move I
up on n nv in voi nolo ii"ws Dulls nre 1
kept In rlwck by tho henvy nrnvnls In 1 ahMiw
tne .Noivnwe't necemoer it 100KC1I upon
11 nn iirrs-ild muikct nnd Is expected
to ove 'nk Mnv At the close nil Kinlns
wero hi slier.
Wl nnd cool wenther In tho corn belt
n-nde Its Inlluence felt In the corn mar
ket, pilots ndvnlicliiff from pressure of
henvv 1) 10 Ins.
Onts 4s coverned bv nn extreme bullish
1 sontlmeiit. enured hv Ml" n p'n-oil l-iri !.. I
' Inir export drmnnd. December so'd 1'c. I
I dl'count over Mny on Ihursdav, and hns i
flnee Increased Me mote
I'vp.irt snles reported totnled BO.000 bush- 1
I els of wheat nnd 1,20.0X1 hushe'B of oats. I
j Clilcio ensh bnndlrr old 1000 huslinls I
of whent. 170.000 bushe's of corn and 550,- J
I 000 lu'filirls of oats 450,000 bushe's of the j
j la'ter nro ror seaooniu delivery
I'nstnblo polltlenl conditions keep Llv-
eipool nervous Tho market Is supported
bv poor "unlltv of nrrlvln? winters, which
rives holders of sT'rlnKs the upper hand.
Cargoes nre Mrm, with spot strong
1.1-ndliiR futures ranged as follow :
vest d s
Tea. clre lllch
10 Am Oss . 117 jit
2 Amor llwya pfd 1) 0.1
10 Ilald l.oeo 121 127
20 llutT k 8 t e pfd 42 42
WW 1111 JO. . (M OW,
111)') Cambria steel. 07U m
ion Col Puel . l 35
70 Chi It I p 2,,ti
t:ieelrle 81or . 71 71
M Hunt A II T pf . ll,
".1 hey Tel t c pfd Ofl wl
anil laike Sup Corp. OVi l'H
101 l.hlh .BV 771 78
l l.e4Hih Vallej . 73 71J4
101 I.eh Vb Tr pfd 7T4 Tl
S Mlrwhlll Rov, MrH
IT 111 It It .. 7i M
11 I't HtI . . no ,
do prof .... Mt, m
110 I'hllo Co cum pf II 41
IMS t'lilht Hlee ... 2(1 20'i
150 I' 11 T tr etfs m 13!,
fto I'l.lla Trae . 70 Til
10(1 Healing . .. 7S14 774
10 So llwy . . ,. 20V4
110 Ton 1'Hmont.. 3' ',,
I 1 nlun imc .42 12
IV. L' CI I .. so?, R'1J
3 l!n Cos N J 222 222
'N7tl 1' S Steel . 82fl 82
100 Vh Our Chem 41, 41'4
'.ill VVnmlrk 1 a; S I014 10V,
20 Wet.tm'tuiid C il bd
Low Close.
117 117
01
127
42
es
OTH
.
ion
"014
tH
m
w.
lOVi
71?),
smt
Ml
m
43
2(1
184
70
71 H
201
',
42
J.RV4
222
S21,
4 l'i
ll"4
CO
US
127
4i
OS
ns
20H
71
iy.
Wl
ll'i
78
7li
V1V4
5S
83
rw
41
20V4
Mi
70
'
201,
'.
42
K'1
82
41V4
1014
00
NAME OF SCHWAB FIGURES
IN MANY COMBINATIONS
Now Said to Be After Brill Company Local Market in
Quiet Mood Investors Buying Pennsyl
vania Railroad Shares
Tntiti mil., n.1'0 .h.ri.i rnmiuirnl tilth Dfl OlCt
Imres lot HiturdA: this week. 110,20i
IIONt.
l-ist pre
sale lllch. lxw. Clot
100 100 100
1(0
100
iio;
10SH
100
100
102'
Ul
02',
04 4
flKl Um 8tl ikp .10.101
-IS do May 1017 IU'4
llil i'n Feb 11)17. 100
7100 1. Nae cons 4Hs. wit,
:iii" I. nl sn 4C,s . D'l'i
IO11O do cons Os reg.lOS
IOO11 l'hlla Co 1st .Is.lto
17.1 i"o strip ll'KI lOo
LOO l'hlla i:icc 4h . 81
-'-'H' fu on . IVi
IHO lltad Ken 4s DS
10 10 Heid-Jr Cell 4s W
2'M Wclsb Co .Is til
HO 100
100 100
1W) 100
lili, iu
lt!S lOMft
100 ICO
100 100
70S 7UV4
10H. 102V,
0.1 ICt
t)2'4 P2H
14', U4,
109, 10 h
a 'i :ii.
193
m
jsvs
81
27M
82'i
74 b
197
10
42;,
80
'27H
KtV,
40
242VJ 242H 242)4
J11
2)
123
OH
97
COH
'. 1'4
o
34
S'-i
54
bl
20
29
1-M
004
row
cG
3J,
3
5
81
l.Oji 12')'4 12i
3)
l'l
17
8
lSVf
140
2J
99 '4
29
33
t8)i
17
8'f
15X
147
Kl
09 'f
29),
20 H
05H
17
a'
154
144','
o t
09f
."I
I
20
12.1
01U
IG'i
50H
Dlh
H,
33'f
6
511
81
128
30
C.7i
17
8i
15H
147
J3
D95J
29
115'i 113J, 1I5M 115.
Ill)' Ul 110)4 111
40
5734
119
10
4
40'i
lUii 113
70 i 71
47)j
. 25Ji
. 77)i
SAM
a
4U
VH
. 0
. 10,
17
40 40
58 57.
118 118
I) 9
47H '47
41!i
47)4
25)i
78)i
5J)i
J4
0
0)4
10
1CK
404
112
70
474
25
77.
52h
M
4)4
0
OK
Id
10)4
46
57
118
11
474
40J4
112
71
47H
25H
77
53
M
4H
i)
0)4
10
10)4
1534 1554 155)1 1554
59 00
1534 145
1)6)4 97
204 20)4
81)4 814
100 10i
1094 1104
00)4 T8 t
107 100 i
024 03
80 83
134H W4J4
MH 81
10
114
254
OJ
234
42)4
04
24
034
584
142
064
19)4
81)4
159
120),
1)5',
160
ul'
81
69
143
104
20H
814
102
1104
OS 4
ICO
02)4
83
1344 13IJ4
814 82
104 10 10
1J4 114 114
2. 24 4 24 J4
100 -l)i 100
204 20 20
434 434 43J4
654 OJH 03).
3 3 3
M4 534 634
Total sales $1,710,000. compared with S2,
iinooo last Hslurdav, this week. 2I,M1,000,
last week, tlS.w28.000
Reserve Hanks' Discount Rates
rio.ton
New York .
Philadelphia
Cle eland
lllchmond
Atlanta ,.
Chicago
St LoWls
Mlnna(.olls.
Kanaas City
Iallas
Days-
10 or over 10 uver.si
Less, up to .10, up to CO.
.'I
II
34
Over 00 Over
up tqOO. 1)0.
a
A
.1
.1
S
.1
A
.1
A
a
s
4
Jit
'.
pan Kran... S, , 3V4 J.8
Notes maturing In not mora than I'O days
secured by cotton or other staples, ware
housed and Insured, or In coursa ot shipment,
ara discountable at the apeital.rat or 3 per
CDt, 1IANK ACCaPTANC'ES.
sixty day t JKJJH
Ninety days .. 2W-'H
CAt-l.ATKrtAU LOANft
Itenawal
linn. tw, usi. nate.
On call
2 1
ON TIME,
Slaty days . 2U2K
2'
I Klve months. .
Ninety days . 3VJ Wl months . .
uc monvu,. w 1
COMMEftCIAt, i'AI'ER.
lli.t Knoti Names
Kour months 4 04V ( Six inonlha...
Sixty tP ninety da .
on. v . other Naai
Kuur monlbs. l,VW t)U montba .
363 Vi
atJVi
8H4
DIVIDENDS DECLARED
VV II Uittlwaln Company regular quarttrly
1W per cant ea Aral and second prtlsrrad,
paynblo Nevcmbw A W ateck record Oc
toUr It,
U ti Rubber lit pf.... 106)4 loeii innv innu
U a bteel 82H b2 -'4 H n
Ufa Bteel pf H4J4 1144 1144 J14V4
Va Caro Cbem ,
Va Iron Coal & 0...
Wabanh W 1
WabasU pfd a W I..
Wabash pfd bVI
Wbeel & Lake Erie , .
W'ost K & M ,
Wejtlnthouse lit pf..
VVcaiern Maryiana ..
Western Union Tel , ,
Willys Over.and . ..
Vvbconsln Central ..
Wooittortu f W Co .
Woolnoltb pf
Total rat. 410.000 tharea, compared with
tHSj.WW horea last Saturday, 'thla week. 0.07."
000 shares, last week, H.lKS.Ouo shares.
. iu 111 oui OUH
. 434 404 444 43
03 014 644 04)4
124 12)4 124 UH
. 444 444 43J4 43J,
. 20 254 254 234
34 34 3 J4
. 03 70 6s v, (jor,
. 75 70)4 71.J4 704
33 334 33 4 3.14
. 78 70 784 7bH
-434 248 240 248
34 31 31 Jl
.1104 1104 UO 110
122 12-' 12. 122
NEW YORK BUTTER AND EGGS
NKIV YORK. Oct. 1(1 -IJUTTEIl -Market
"dy. recelpla, Totl Ickagei extra, 2(J1,!2
f?H,i'Aa.hl8,i'r.,,S?r,n. amZUHoj Btala dairy.
27Rfe2Si , Imitation treamery. 23ft4c.
1.UU8.- Market llrmer, rectlnta; U153 ease,
extra Krats, :ilfj;Ue , lirwa, 27Oc ' . nearby
uhtlrs, 4M1S0C., mlxej ro'.or. 27j3,1c . rcfrla.
eralor rlrata, 2JViU25Hc , nearby browns, 30
PUBLIC UTILITIES
The cross aarnlnga of tho P.nn.vi.,,i
LLlahtlng Company for August were 112.071.
Inn InnreflHfi nf 143 nf 741. I...-.... .-
Kluht months' gross, $98.7j Increase.
I321J. net l!.MS, Increase 12157. A
The. decree dcclarlrijj the International
Power Company Insolvent and ppolntlmS
o receiver has been affirmed by the
Court of Errors and Appeals at Trenton.
The Insolvency proceedlnes were brought
by Henry Y Bull, a, broker of New
York, and other stockholders of the
company The complainant charged that
Joseph II- Hoadley and bis associates had
stripped the International, l'ower Com
puny and several afllllated corporations of
nil their valuable assets, amounting to
hundreds of thousands of dollura, and
that the chain Of companies was being'
operated to further llosdtey'e schemes o:
high flnnnce rather than In the Interests
Of the stockholders. '
Totnl sa'es l!l,2.H0, toinpared with $20,385
last baturda , this neck, f4JO,'IS4.
Local Bid and Asked
VViirni- Open lllali
I ecembcr I o 1 or'4
Max 1 m 1 10V
Corn (new delleri
11-11,
r.1'4
ill'.
lw Clni.i". 1 Irif.
1 om ti os'; 1 os
l.liSi, tLWIVj 1 os.
'litnlxr nl','
December CO'4
MS . III'.
Oa.H
Denmber 40
Mn . . 40
I.-rrt
(i tolier . . "1 .VI
November 0 47
Jiimiarv 11 4.'
Hlr,-
Dctnber I' KO
Jnnuarv ll. U
l'orl
(Irtotrr
noirmler 14 1)7
Junit ir 171-
i.lt,
.110
r,iu
30',
wi
ti
01,
4CS
40)
14
'""lr
10 V4
I'ld. tAskcd
O .V!
I) .11
P!)7
Si .17
14 112
11 2J
17 M)
0 47
(140
0 7.1
0 40,
0 .11
n.ro
0.45
1107
0 .12
0 41
11.41
t'42
14 71 14 02'
14 01 til 17
17 20 17 52
t14 71
tir.oo
17.30
Financial Briefs
Governor Charles J Rhoades, of tho
Federal Ileserve llnnk, of Philadelphia,
will leave hero tomorrow for Minneapolis,
to attend tho confeience of reserve bank
Kovcrnors thnt begins there next AVcdncs
day The governors will consider among
other matters the report drafted by the
recent Chuago conference of reserve
bnnk representatives on the check col
lection syjstm
The New York o.ui-K Exchange Com
mittee on Admissions has posted the fol
lowing memberships for transfer. J C.
Wilson to Garret A. Hobart. $60,000; Mr.
Hobart U a ron of Vice President Ho
bait, with the lato President William Mc
Kmley . "William J. Buttfleld to Joseph II
Holmes, for $07,500; Henry Irwin, Jr., to
Emll Wagner, for $68,500; Charles Gregory
to 13 S. Ballnid, for $69,000. Ernst Thai
mann to Irving G. Knox, for $70,000, and
Edward Pepper to Albert It Brand, for
$70,000
Commercial failures this week In the
United States weic 311, against 313 last
week and 351 last year.
There Is talk of listing Itock Island
on the Chicago Exchange.
The following companies have made ap
plication to list the following securities
on tho New York Stock Exchange: Tho
Clov eland and Pittsburgh Railroad Com
pan, $1,222,050 additional special guaran
teed betterment stock, the Missouri-Pacific
Railroad Company, Columbia Trust
Company certificates of deposit,
' stamped" and "unstamped," for trust
5 per cent, bonds, duo 1917, up to $14,
370,000, the Missouri-Pacific Railway Com
pany, .Columbia Trust Company certifi
cates of deposit for first collateral mort
gage 5 per cent, bonds, due 1U20, up to
$!,26,000
Tho stockholders' meeting of the Heppe
Corporation was held at 317 Market street,
Camden, jestcrday. The Heppe Piano
Company declnred a dividend of 6 per
cent, on the common stock nnd elected
the following officers: President and
ticasursr, F. J. Heppo; vice president, R.
K. Lehman; secretary and assistant
treasurer, George W. Witney; and as A
rectors, F, J. Heppe, R. F. Lehman, JU.
r. McDowell Heppe, W. C. Harper and
I A. Hcppa Shew ell. The C. J. Heppe
6 Son Corporation also held their annual
meeting, electing their officers and direc
tors for the coming year.
The New York banks gained $2,286,000
from the Subtreasuiy yesterday,
C. D. Barney & Co. bought Cambria
Steel. Carstalrs & Broun sold. Chand
ler Brothers bought Rapid Transit.
Lehigh Valley Transit directors met
next week, when action on the semi
annual preferred dividend Is due. The
company has been paying 2 per cent,
per annum nnd there has been unofficial
talk that the rate, will be Increased.
German Pig Iron Output Smaller
NEW YOP.K. Oct. 18 Official return, of the
Aisoclatlon nf Herman Iron and Hteel Mas.
tcra place the August output nf pig Iron at
1,0.10 mo metric tons, a little leaa than lhal
ot July, which waa 1,001 8S9 tons The dally
rata waa S3 KftO tons against 31,810 Inns In
July The August 1014 output waa MHIVll,
and In August, 1013. It was 1.040,010 tons.
The August output thla year was made up un
follows
Foundry Iron. 201.007 tons. Ilossemer Iron
10.131 tons; basic or Thomas Iron (13S 1)03
tons: steel-making Iron and splegelrlson. liu
107, and forge or puddle Iron. 27 4 W The
output for th flrat right months of ID1A wit,
7.M3.4MI lnn, against 11 480.801 tons to Sep
ternber 1, 101
NEW YORK COFFEE MARKET
NKVV IOHK. Oct 10, Dealings on tha
CofTea Exchange were nn a large eeale today
and a stronger tone prevailed First quota
tlons were 1 to 11 pulnts abotei esterda's
finals. Sales to the amount nf 4(00 lias, were
made In the flr.t half hour At th dona
th market r'acted somewhat Prices 'ollow
Today'a Today's Yesterday's
Opening, Close. Close,
October rt.il.'in.l
November . ,, . , . IIUKIVII
IVrmbr ... MO il.17Bn.3X il'inaan?
January . . 0 4266.60 0.4000.42 n 40410.41
February ...,,... ... 04leHI4
March . . . B.41 e.4S l4Jftil.47
May . .. (1.04 HdltSHlM 11.Mit111.a1
Jun an.lti6.T0 O.MflO.tp nuuiflid
July 0.7U . ' n.osoii.ii.1
August , . . A72MH.TI
September . . n.T86.80 0.7880.80 fl.7T4jit.7al
Total sales, 12,700 bags
Today. Yesterday.
I11J Ask. Hid. Ask.
Ilaldwln 1.I-V Ul U'l I J I'i
do iircf Ill 111
J U lirlll OS i,j os id
Cambria Steel .7! i.S (17', (.7'
l.lectrlc Htorago 7o 71', 71 72
Uoneiul Asphalt 12 '12V, '- -'-Vi
do pief 70 71 70 71
Kc)stonu Tel 14 ll, 14 14V
do t c nit 14 11s 14
do prcf U5'i 00 UMj till
Lake Sup Corp UV, 04, '1 'ii
Lehigh Nnv 77'4 78 77 77,
l.chlnh Valley .. . 74')4 u' i4 10-4
Lehigh Valley Tr. . 1SV, 1SK 1SV4 IS
do pref 17', .I7 37Vs 37ft
l'inns)lantu . . 57u4 5S 57' 57r
1 hlia l.lectrlc 20 2(1 ".i'i, I'll
l'MU Co 47 4h 47 4S
i-o J 1 tr cent, prer . .HI !18 .'ID .'PiVi
du II p.r icnt. pref 41 44 4J 41
1'lillit Hap inn .11 II 1-1 11
do t ' Uj It 11 1
Heading . .. H 7h 77 y 77',
'lonopah 1 elmont . .1 . y", :r, 4
Tonopan liming 5 .11 o 5?
bnlon Traction ... 41H 42 41 42
U ana Imp. wiVa MP Wl 7
I- S bteel . . . SJi tU' 2, h2i
York Jtwy . .7 7', 7 7Vii
do pref .... 2SV, 20
IVm Cramp t t 87V4 &tV, fc84 HO
Local Half-hourly Sales
10 to 10:30 A. M.
EXCHANGING DU PONT STOCK
WILMINOTON. Oct lfl-Tlie new atok of
R I du 1'ont, d, Nemours t Co., which
succteds lh K. 1 du font d Nemours Com
pany, was sent put to the hold era of th oil
stork yesUrday and today In excharue for
th new Tna holder of one share of tut oil
common stock received on ihnr represent
Ing th old, without right, nnd two aharts
of the nw sink Th old stock was quoted
today at 10S and th naw stock at an.1 per
share. Th new company Is now n contnil
of the powder business, but Inert will h u
change mad In n(flirs or In mtthpda of
csvrtylnif on th buslnti.
300 Cam Steel . 07V4 200 l'hlla Elec . . 20V4
10 U S bteel . . HJi, 10 Pa iUal pf M
1110 J O lirlll (S 1 Un Irac . 42
100 do . ... 09V, 100 Col Fuel ... 51
100 Cam Steel . . . B7 1 Un Trac . 42
21 Phlla Elec 20 35 Pht'a Trac 70
2.1 Cam Steel . !7't 1 Minehlll . . . GOVS
50 do .. C7'4 20(1 Cnir. fateel . 07H
.10 Penna . . B7 15 Phlla Trae . 70
20 Ta Steel pf . 01 100 Va Car Chem 45'4
20 Cam Steel . 07', HO r R 1 & P ' ID "
4.1 Kev Tel pf ro 20 n & a t c pf 42
10 U.S. Steel . . fG". o Elec Stor ... 71
lliOCam Steel . fi- 100 do 71
10 U S Steel . R2lJ 1 Penna .. . 17"
W) Phlla n T t e 11't, 100 Cam Steel . 07JJ
21 Am Ilwys pf 01 100 do 07'(
100 l'hlla Elee . . 2B BOO U S Steel . WH
100 II S Hteel M, 20 tT o 1 . . Bits,
R Penna . .17?, 3 Penna . . . M
10 IT s Steel S2 1 Un Trac ... 42
100 l'enna IS 10 Elec Stor ... 71
10 J G Drill . . 01
BONDS
$2000 Lehigh Nnv cons 4e KH)
4000 do 100
1000 Heading gen 4a lit
171 Phlla Co scrip 101(1 10(1
17.1 do IDIR OS
1000 Lehigh Nav cona 4a 100
10:30 to 11 A. M.
10 Elec Stor . 71 MOUS Steel .. S2'4
200 V S Meel -'V TO do
KO J O Drill 2V4 100 do 82'4
50 V a I . M's 10O do y
j do . R0 IO11 1I0 Mt4
200 Warwick . 10V4 50 do R'v.
10D Leh Val Tr pr 17y, 20 do 82'i
.1 Un Cos N J 222 100 do ... . R-"i
.10 I II T t c . 11 10 do .?'
100 J O Drill . (i'Vi 100 do R2Vi
100 do . . 6SV4 20 do R2V1
20 Cam Steel . 07', 40 Elec Stor . . . 70V4
1 do .. 07X4 10 Cam Steel . 07U
100 U Q I . ROW 10 do (17H
40 Chi II I & P '.ON 100 do . . . 07'
10 Cam Steel 100 Ton Del .1 11-10
100 do . . (17'i 20 Penna . . 57J
100 neatling . v 10 U O 1 Sire
2 l'enna . . 57
DONDS.
.1000 Leh Val gen I'-js D0
200 VVelabach Co fis 04V4
11 to 11:30 A. M.
10 Lk bup Corp 04, 23 J U lirlll . OS
20 do .. . . IV4 10 Elec Stor . . 70V,
10 Phlla Elec . 2(1 1 l'enna .... M
25 Cam hteel . 07'i 20 Leh Val ... 74'i
200 Lk SJn Corp 0V4 21 Cam Stetl . (17
200 U S Steel. !), 300 II S Steel . . X2
10 do g.'V, HO Ton llel . 3 15.1(1
100 do b.'S 10 U H fateel . 8.'
1 Minehlll 60 j, 100 do .. . . 1,
10 South llw .. 20'i 25 Key Tel pfd.. (l
10 Elec Storuae. 71 100 Ph Co turn pr 43
100 Cambria Bteel 07U 150 Lake bup Cor I"
100 do . 07U 4 Leh Nav ... 7Vi
1O0 do 07V4 300 l'hlla Elec .. 20
BONDS.
$1000 Lehigh Val cons Us reg 1US
looOI'hlU Electric 5a 102V
11:30 A. M. to 12 M.
100 Cam Steel ..07 M Elec blor ... 71
10 fa Ste.l . 85 100 Leh Nav .... 7s
65 Hun 11 T pr. 13 U 12 l'enna . .. . 6S
100 Cain Steel . ( 100 U S Steel , S2
200 U S Steel . 82H 10 J U Lit 111 ... twjj
Statements from apparently Inspired
sources thnt the Pennsylvania Bteel Com
pany had been sold lo the Schwnb Inter
cuts nt a price of $100 n share for tho
preferred stock and $1$ n share for the
common, fnllcd to affect the quotations
for tho two lsiues on tho local exchange
today to any mnterlnl extent To bo sure
tho common fell 6 (mints to S6, but even
that figure Is peculiarly high If the
price paid for control was only 3S.
Kqually curious wns tho price of 93 for
the preforrrd If It has figured In tho deal
at par, and brokers were at n loss to ex
plain the discrepancies except that both
Issues were relatively scarce nnd could
be marked up orlovvn without much ef
fort
It was stated In well-informed quarters
today that tho Pennsylvania Bteel Com
pany would not be actually merged with
tho Bethlehem Steel Company, but would
bo opernted Independently, although Its
Cuban ore properties might be taken
over by Bethlehem, which Is at present
hnmpered In the operation of Its Chilian
ore properties on account of the war.
Tho latest Street rumor had It today
that Schwab was also seeking control of
the J. a Brill Company, with the Inten
tion of combining It with tho Drlggs
Reabury Company and tho Bethlehem
Steel Corporation. It has been known for
soma time that bids have been mado for
the control of Brlll but that so far they
bavo not been high enough to satisfy tho
Curwcn Interests. If the Bethlehem peo
ple do obtain control they will be In a
position with the Pennsylvania Steel Com
pany to more than hold their own against
tho Mldvale combination Incidentally, K
was said today that the Drlggs-Seabury
Company had closed additional contracts
for war munitions which would bring Its
total orders well abovo $20,000,000.
It seems to be generally agreed that th
Cambria Steel Company will remain nt
least temporarily Independent The stock
ruled firm today, but was not so Active
as of late Nevertheless, very enthusiastic
predictions are being mado for It, baaed
on general business Improvement, Irre
spectlve of war orders. Pennsylvania
Railroad shares were again being picked
up by Investors who noted the big profits
the company Is estimated as having made
through the disposition of Us holdings ot
the two steel companies. The fact, too,
that the company Is figuring on a large
order of freight cars and that there an
practically none Idle on Its lines now wm
a stimulating Influence.
Talk of making Philadelphia Electrla
stock full $25 paid Is again being revived,
and this time, well-informed Interests say,
with good reason, because of the big ex.
panslon In business of the company,
which will necessitate Increases In capac
ity of Its plants. Announcement recently
that the Pennsylvania Itallroad had begutt
the electrification of Ita Chestnut Hill
branch was a stimulating Influence, aa
the electric company la expected to ob
tain the contract for furnishing the pow
er, as It already does on the Main Line.
Rumors of an extra dividend declaration
were thought to mean merely the meth.
od sometimes employed by the company
In paying a portion of the assessment
called In this manner.
NATIONAL HANKS HAVE
BILLION ABOVE RESERVES
Money Can Bo Had at Low Interest
Rate
WASHINGTON, Oct. 16 The national
banks of tho United States are bursting
with money; Interest rates are compara
tively low, nnd more and more money
li constantly llowlng into the nation's
lockets
Preliminary figures furnished the Comp
troller of the Currency Indicate that the
reports of national banks on their con
dition as of September 2 will show about
$1,000,000,000 of excess rcsTVcs; money
which H waiting for someone who wants
it enough to pay n comparatively low
rate of Interest for Its use
It means that thcro Is $l.fyV),OOO,O0O In
national banks over and above what
already has been borrowed And tho na
tional banks constitute but one-third ap
proximately of the entire banking
strength of the United States This
means that between $2,500,000.00') and
$3,000,000,000 in hnrd cash Is lying idle.
When the final figures for the cnU of
Junn 23 were In, Comptroller of the Cur
rency John Skelton William Issued a
statement showing thnt there wns ap
proximately $SCVO0,C00 In cccess reserves
In the national ,unks. Since that time,
the percentage of reserve held ba- the na
tionnl banks had been stcad'lv lncreaIn?.
particularly In the larger cities where the
great stores of wealth are kept.
PHILADELPHIA
MARKETS
RAILROADS BUY EQUIPMENT
Many Inquiries for Cars Rails Also
Bought
Throughout the country the railroad?
nre placing orders for new equipment
Inquiries for enrs during the last week
totnl at least 2700, while the orders for
steel, rails and structural, amount to
more than 65,090 tons
Thp ninnlnnnll Trnrr.11.. j .
1 ii,ni,in. .. enn ..j . " . ' market ttas ciulet nnJ ttlthout Im-
ii,i.- t- "iiutriiianis me ' pnrtant clmnge (Juoiatlona fatanJard sran-
Atclilson, Topeka and Santa Fo Is In- ulated 4.ir,c . extra (In. Kitnulated 4.W)e .
quiring for prices on 400 steel tie cars 1 l,'l"reJ. V , ronfctltmrs A. 4 SOc : soft
The Missouri, Kansas and Tcns linn 1
neen aumorlzcd by the court to purchase
GRAIN AND FLOUR
tVHEAT. Receipts, 02.841 bushels. The
market waa again lc higher under stronger
outside advices and a fair demand. Quotations:
Car lota. In export elevator No. 2 red, spot
""j1 cJ25',er-. I.loHI.$i: No. 2 Southern
red. I1.13V401 15V4: steamer No. 2, red, 1.121i
Iifii,'?0' 3. "". t-12,iei-14Hr rejected a!
l.lotl.l2, rejected B, $1 OSUiai.lOVi.
COIIN.-Rccelpta. C08S bushels. Th mar
ket further advanced He. under scarcity, but
demand was only moderate. Quotations: Car
lota for local trade, aa to location Western
No 1 yeilow. 75V476VjC.: Western stesmer
l?,"w..,Mk7BV4c': Western No. 3 yellow.
72Vi71Hc.; Delaware yellow, 72ViS74c.
OATS. Hecelpts, 70,807 bushels. Desirable
Block sold fairly and. further advanced V4c,
with supplies well under control. Quota
tlons No. 2 white, 45S1UC; Btandard whlte.
44S4.1C. No. 3 white. 4142c . No. 4 white,
Kraded.37ff10c; sample oats, 3330c,. purified
oats. 42f44c
FLOUH Kecelpta. 2365 barrels and 078.875
pounds In sacks. Mill limits were well main
tained, but there wm little trading Quotations
per 1U0 lbs In wood Winter clear. $5(10 20,
do, straight, $5 2035 40; do, patent, $5 50O
6. i5: Kansas, clear, juto sacks, $165.20 do,
straight. Jutn sacks $5.25S5 50. do., patent.
Juto sacks, $5 6095 75, spring, first clear. $&
6G20, do, straight, $5 23(13.50, do, patent.
$5 WS5 S3, do . favorlto brands. $ni 50, city
mills, choice and fancy patent. fi.O0.50, city
mills, regular grades Winter, clear. $503 20;
do , straight, $3.20fo.40, do., patent, $0 ojtt
5.73.
PROVISIONS
There was little trading, but values were
firmly held. Quotations: city beef. In sets,
smoked and alr-drled, 24j25e. , Western bef.
In sets, smoked. 24 25c , cltj beef, knuckles
and tenders, smoked and alr-urlcd, 20tf2tc ,
Western beef, knuckles and tenders, smoked.
2(lJ)27o. peef hams, J2SS-I0. ior. lamlly,
$1.50ft22. hams, S. P cured, looto, 12nnc.$
do, skinned, loose, 12;413c. do, do., smoked,
15bl5ViC , other hams, smoked city cured, aa
to brand and average, IMflSUc. ; hams,
smoked. Western cured, 15ifl5V4c . do., boiled,
boneless. 22c, picnic Bhouldern, G J' cured,
looie, lie: do, stroked, JlJc bellies. In
pick'e. according to average loose 12Vttil1c .
lireaktafct bacon as to brand and average,
cits cur.d, 1.1'4ehCi;C . breakfast bacon. West
ern cured, IS'JfflO'i.c lard. Western, refined,
tierces, lie . tj., do., do . tubs Ucl lardT
puro city, kettle rendered. In tierces, lie;
bird, pure cltj. kettle rendi-eu in tubs, lie.
REFINED SUGARS
im ballast cars The Cincinnati. Indian
apolla and Western. B A. Worthlngton.
geneial manager. IndlanaDolls. Inrt.. lino
Wssued tentative Inquiries for 13 steel
toacnes, i hippi povni (Mil. !) steel bit'
gage cars nnd 1 steel dining tar It Is
also formally inquiring for 20 eight-wheel
caboose, KO box. SO flat. 50 hopper, 100 to
150 general service, 100 to 150 gondola, 50
stock nnd 100 automobile cars.
Tho Pittsburgh and Lake Erie has or
dered 500 tons of rails from the Carnegie
Steel Company The New York, Chicago
and St Louis hns oidered 2500 tons of
rails from the Carnegie Steel Company.
The lamestovvn Hallway has ordered 550
tons of structural steel from the Kmplro
Structural Steel Company The Phila
delphia and Heading lias ordered 3000 tons
of steel from tho Pennsylvania Steel
Company for n bridge at Sunbuiv. Pa.
Tho Illinois Ccntial has ordered 1000 tons
ot steel from the American Bridge Com
pany for a tar-rcpulr shop nt Nonconnnli,
Tenn. Tho Northern Pacific has ordered
813 tons of steel from ,thc .American
Bridge Company for grude-yeparatlon
bridges at Spokane. Wash. The Chicago
and Milwaukee Klectrlc has oidered 223
tons of steel ftom the Wisconsin Brldgo
and Iron Company for a bridge .near
Milwaukee. Wis. The Baltimore and
Ohio has divided an order for 02,500 tons
of rails 'among tho Maryland Steel Com
pany, the Cambria Steel Company, the
Carnegie Steel Company nnd tho Illinois
Steel Company.
MINING STOCK QUOTATIONS
TONOPAH hTOCKS
10 Ilaldwln ... .127 5 Cam Bteel
50 'ion llel .3 13-10 23 do
IS 1'hll Co cm pr 4.1 10 Am Uas
12 do 41 10 U H Hteel
2W Cam Bteel , . . 07Jt 150 P 11 T t c
2(1 do 17 2U West Coal
10 l'enna , 6S 2,1 Lam Steel
loo 'Ion nel ., .'l'i 10 J a lirlll
25 Cam Bteel 87K 10) U S Bleel
HON 1)3.
20f0 Phla Co 1st Ss ,
loot) Phlla tllee 4a
15U Cam Bicel scrip 1010 ,. . .
0.' do May 11)17
ll'l do . ., ,
110 do Feb 1017 ,
1000 l'hlla I2ec Ca ,,.,, 101
200 do 102)1
iixh) jieauing jer cent a
1000 l'hlla Ulec 4a
(.7
(IP
17
-'!
uj
un
cs
in
K2
.100
Tu.
.,100
..too
..loo
...ioi
Bid
.. .77
.. .OS
.. .11
.. .18
.. .27
.10
10-'';
l'2M
70(4
NEW YORK CURB
American Zinc .. .. .
llradtu .,
llillKll-.Vtnerlian Tobacco old.
Itrltlali Amerl an Tobacco ne
Lor Light
Chill Copper .
(lodnrld ComclldHted . .
International llarlne
International Marine (ref
lild. Asked
Ul
Ken,. 1 (lonuer
I.lilcti Valley Coal Kales...
Magma Copper
Mldvale .........
NlidSBlng
Otla lllevator . .
Otis Klevator pref,.,,.
Itlker-lleaeman
Bubniarlne .. . ..
Merllng Oum .1
Tolano Products
I'nlted Profit new
World lllm
Yukon fold
II
W
7
....:.. S.1V?
.. ....621,
....r..iii
:::: . &
Ul
II
41s
.. . . 2V,
: .. : f
. . . xu
nv.
18
lo'
221;
V'
al
si
170
7$
71""
05
0V
4
2
LIVE STOCK QUOTATIONS
ciiicvao Oct la-iioaa -utc!pts. nooo.
market steady and strong, mliod and butchers,
HUlflKIO good heavy, $8.0-Va8.; rough.
h.av, I.VO IHM $f.83fjB.S3. pigs, $u.25
7 50rbulk Rt5(il&70
CATTI E Itecelpta, 1000, market weak,
bftres $4 214310.35. cos ana heifers. $2139
8 25 Teiaua $n.408 21 calves. $U1I.C0.
RIIISKI Hecelpts, 2000, market steady,
native and Western $347 Iambi, $7trfl,0J
BAR SILVER
Jim Ilutler ,
Ma.Namara
Midway
MUiMh Extension
Montana
Not t hern Btar
Tonopah Helmont
Tonouali Hxtenslon
Tonopah Merger si
'lonopau Alining 5
nescue Bula w OM
West End , 5a
C-OLDFIELD STOCKS.
1
Atlanta ..
Illue Hull ,, ,
l'"?,') , ,
llulldog ,
c o i) ;,.,
Combination l'raatlon ,
Mbunondlleld 11 li .,.,,,,.,
JJalsy ,
riorence ,,
(loldneld Consolidated
(loldflcld Merger ,.,,, ,,
Jumbo Kitenslon ,.
Kewanas ., .... ,,
Oru ...
Hand Ken
Kilter Pick v.
MISCELLANEOUS.
I'alry Attec
Klmterly ., , ,.,
Nevada Hill
Nevanda Wonder
r;
.20
.03
:tl
:JS
.05
.01
.45
1.83
1.3S
.81
.01)
.10
.08
.01
03
17
1.3$
Asked
.70
.01
18
.10
.30
.12
So
6 ll-li;
,IK)
.58
.27
01
.43
t'l
.01
.10
(Hi
(XI
1.40
.10
1.41
.80
.OS
11
.10
.03
.04
10
111
COTTON
NEW YORK. Oct. 18 -Cotton opened
easier this morning, at a decline of five
tu eight points, except October, which
was unchanged. Trading was small. It
was generally believed around the pit
that Germany was a moderate buyer.
Now Orleans houses also took moderate
amounts. Tho weather In the belt, was
unsettled Prices ruled heavy through
the morning, about 10 to 17 points below
yesterday s niiui ngurcs,
1 es cioc upen
IX 70
12.51
1S.10
12.W
18 01
11.00
12 43
January
December
October
March .
May
July . .
Spot
12.77
12.00
...12.84
.18.01
..13 14
.,13 18
..13.45
High.
12.78
12.02
12.18
13.01
13.18
13 18
Low Cloaa I
OJ 11! IK
12. II
12 28
1101
.1.1 ( 7
1R.17
12.40
12 28
12.88
lift!
1X03
COTTON' STATISTICS
Th statistical position of cotton la as fol-
ThU IjisI Last
week week year,
VlslbU supply 4.B22I4 4 0,178 3 317 JW
Of which Amerl
can . i,! tin u j: MTsirj
t-rades, 4.0564 blc.
DAIRY PRODUCTS
ni'TTER Uholesulo trade aa usual on the
last day or the wiek wan quiet and the mar
ket showed no Important change Quotations
VV eatern coltd-pacavd creamer) , fancy specials,
'lie , extras, llic. extra tirsts 2Sf.''jc , flreta.
1 17i27'3C seconds 24ST.V , thirds, 22Vjtf
2t'jC., nearby pilnta, fancy. ".2t do. aver
aAo extras tOflrllc. llo . firsts. 27621c , do.,
nt onds, 15&20C , Jobbing ale3 o fancy prints,
ItHtlie
KOQS There nas h fair demand for fin
flesh cksj and the mm 'et ruled nrm under
hmall supplies Wc quote as follows' Pre
1 ties. ueaib extras, lc. per lozan. firsts i
!! standard lajc renrl current receipts
40 per mac Western txtia flrsts, $0 pe'
use. Hri-ts, $ 40 ier tie fancy sela.Kd
t inrtled ckbs cre Jobbing at :15637c, per
dozen
ClIllKSE.-Thcre va- llt'Ie trading, but eif
rerlngs viero moderato and valuea were well
iiwtlntnlned. QuotaLiou New York, lull
1 ream, f-incj new fttf, .. , specials hlgn
tr do, 00., fn'r to gio.!. new I4Vjj15c , do.,
jiatt skims, (it12
POULTRY
LIVE OrTerlnrs vem lulrl. literal and th
inaikct vus quiet aril without Important
c limine Quotitlona 1 oaIs oj to else nnd
qualu, Ilfrl'i , exceptional lota higher;
outers. Ilil2i. sj.ilig ihlikenn. accorUln-
10 quality 1411II1. tlu ks 11 to slse and
luallt), n10.- Urge size preferred;
plctens. old per pa'r I8fiiu do . young,
1 er pair. 17Q ISc.
UltKhSrU). The inn kit ru et bleady. wltb
cemand eiual lo the I mile J 1 imand of dcslr-Hl.lett.H-k.
VVM.iLote lreh-kllk'J-Fowls 12 to
Lox, dr -picked an I d . cVe( fancy selc-ted.
20i . weighing 4Vi71 liw nplet-e. 10'4c , weltli
Ing !, I'" ap'eef 1'jc neighing .1 l,
ntlece. 17i(li neighing under 3 lbs. nplec.
15ll!., rowls Ice-packed V eittla. 4'i Pa.
ami over nul ic Ue do smaller sites. 159
"ie old roosterr, dry-picked 13V4C , chicken
-Jerse. fain s l.rolle-r 21S20c other neat by
fany btollcis v.'Q2lr , Western broiler,
weighing l'tl2 lbs oplc e. 10S20e.. northern
Illinois, fa nc allow chickens, weighing 4
lbs. and over 1W20i . northern Illinois,
fn.y neighing 2'qQ.iy, lbV. 17c,i other Wst
trn, neuning I Ilia, and oer, 18c, do., do.,
welghlnK 2',73'j lbs, lUfinc 1 Inferior 14c;
sprlm- fuck nearby, 10B17C i do.. Western.
10812 sQUHbu. iir deien White, weighing-
11 to 12 lb, per doirn. $4 169100. whit,
wflthlng 1) to 10 lbs per dozen, $3.401.00;
nhlie. weighing 8 lbr per dozen. SXTStW;
white, neighing 7 lbs per dozen. $2.23tfi5ej
white weighing Oaovt lbs. per dozen, $l.bO
1 M dark, $t50ai.s3 small and No. 2, $I
FRESH FRUITS
The market waa quiet and without Important
change Quotstlona Apples, per bbl Crab,
$164 50. Jonathan, fauiy, $1 w4 do fair to
cood f i SOtfl. Mcintosh $31Z.l 50. flrsvensteln,
f2.73S.fi0. Tnenty-nunca $2 500.123. North
western Oreening, $2.50W3, lllush $2 50413;
Wealthy $2 ViifH Orlmes' Golden. $2 50fl1i
Woir Itlver $2 5091 Alexander $2 50433 Bum
mer IUmbo I2 504J1 Plpntn. tlWtn. Brooke.
Ikhisb $2 501 Ducbesa 22 50 Illack Twlr.
KHIX33. Wlimap $2 503 23 Yolk Imerlal.
fanay, 2 10H Her. Pavbv fancy $2.50.l,
other varieties. I 5082 50. Apples, In bulk,
per 100 bs $101 20. Crab apnlea pe bush.,
75c 431 Qj'ini per lilil No 1 lltAWt;
do.. No. 2, 2 5043 Peaches. West Virginia
and PtnnsylvanU. Elberta per crate, 75c 0
$1, do do tier basket "Ofilo do. New
York Elterta. ir like t'oublc . xtras, 2.1
t(c do fair to Rood. Itti-v tin Ohio, par
bush, basket, fsn-y. 053 KVc do fair to
good, 40'i50f leara er hbl Beckel, S.lttM;
do , Bheldeti $1e4 do . IIucti. il AnJou7 I1a
1 Wl do Darllett No I $1 504 Jo do
o. 3. $-4i.' W GmixMi w ork per 4-lbr
basket Delaware 104111c da Niagara, ta)
ilir , ao. einiuru miiih o -, per Zvh
lb baaket Concord. 35ff40c Urooni, por kas.
-li 1 iiicpiirB, prr rriic I orto
i "6ti0.21. Crauberrlea, Can i !, per
miO. do. do . per crat 1 73412 do..
Key. uer rate. $t 502t Plum. Soutbera.
Iiushn $125t.5n. do. Virglnbi Ujinswi,
lHIO, liHSKVl, W.wK- , UO . lrW KG-,
i"U ID. pasaei. drfViM, to t fu.. taMT
insKet, liraasnaw ami niiaqra, inj-s-i,t
Jtelue i.iaua. nn.n miaiouw. I
Ir 4Ut crala SOCinc Co. 40,. fr
iraie. fivii
YEGETAL1
Offerings of de-lrahl. ta-U were ouly mtt,
crate and valuea generajlv ru ed nmr. Tilt
trad was quiet Oi"iatloni White rlArv
Pennsylvania Per W'b Cholm 7JIHnS'r
to good. 03TOc, nhl "otai Jerary, r
baiket w'o I 'tore, 'f No ia U
1 telle. 405i,l K-j, af2r-. ,.) ijCa ,
Jersey rr l4n.eWX. I. 10'0- V. C li
m oniPUf per'lOd-tl'. 1 Wif -fJSMaT
OomwHte. per ''. " ier, Tt"
liav tHIncn. !"- in u r xrm -rm
S-4to -r.lv aill 1 t(. .10
-sat.
-By
it:
'4
n Mr,
f 1 961 T mmlroopj r VII tift-kp' JHi
PlPJIIWatjaas-
Ik 1 VMll sfo St t ..BHAol t k.a
.1 . uB rt lint sari al i'Jlrlta-kL aanls1 In ljtldAn I TllLg.1 In amlltht Ca
SH Puc, I lober 13 , X,1i0.flll X.SW.mS l.VJfl,tWO
IIIHCTif' "I
I er I I 4 vi
. . I AW. V
ti IIKAI
irrH vr tvTi
f. tfi f . ,t
l,T4Uk 14f
.
H
fl
.f.
K
V
r
!
mi
1
'il
4
1
1(4
'j
'li