EVteNING LEDGEB-PHILADELPHIA, MONDAY, OCtOBEB 25, 1915.
12
I
FINANCIAL NEWS
f ATTENTION OF THE SPECULATORS
TURNED TO RAILROAD SHARES
Reports of Freight Congestion Used to Boost Prices.
Demand for Erie Good, With Float
ing Supply Small
NEW YOnK, Oct. 25.
Two opposing Influences held prices within a comparatively narrow range
this morning. A new access of buying from tho outsldo public of tho usual
Monday morning kind made Its appearance On the other hand, speculative
profit-taking was again on a very heavy scale. Tho advance In tho last week
In the Industrial list has been very swift This alone would Induce a certain
amount of realizing. In addition, tho uncertainties of tho results at tho Steel
meeting totriorrow wero sufficient to cause speculators of tho opportunist sort
to anticipate tho good news.
Rather general Belling for the short account by tho floor trading element
also Increased the pressure against tho markot. Tho selling was wonderfully
well absorbed, as It has been all along on such occasions. For a time prices
were forced down below Saturday's low levels, but the main tendency of tho
market was exhibited whenever the selling slackened. Much of tho selling
naturally converged on Steel common, which, under the circumstances, main
tained Us level In a most Impressive manner. Sentiment In regard to tho
results of the Steel meeting aro now generally to the effect that no action
on the dividend is likely at this time.
Perhaps it would bo rather unsafo to base ono's Judgment of tho future
course of the market upon anything that may happen at tho Steel meeting
er on any other single incident. Undoubtedly tho declaration of a dividend
would provide the market with a new Impulse and causo tho trading element
to again shift Its position. But tho whole thing Is reduced to the question
whether tho great public buying movement will continue or not. If it does
it will continue to overcome, as it has dono so far, the depressing influence
of professional and semi-professional selling. If it does not tho speculative
forces now working for a decline on general principles will undoubtedly bring
about a shnrp reaction.
Erie as the most popular speculative medium was taken up first. The
trading hero was very heavy. Besides tho excellent trading facilities that
Erlo stock offers, the road has been doing so well during the last year that
largo amounts of tho stock have been taken out of tho market by wealthy
Interests, leaving tho floating supply of Erie relatively small. This condition
Is revealed in tho manner of the recent advanco fro mbelow 30. It has been
Is revealed In the matter of tho recent advanco from below 30. It has been
always greater than tho amount of stock offered. Great things are predicted
for Erie.
While tho majority of the specialties showed losses, some of them, notably
Maxwell Motors, registered good advances. Maxwell common rose more than
15 points before the close, whllo tho first and second preferred also moved
up. Bethlehem Steel was one of tho weakest Issues, at ono time being off 19
points. General Electric was strong, gaining nearly six points, as was Now
York Air Brake. Railroad shares continued strong to the end. The strength
was not general, however.
New York Slock Sales
Lt clone.
Atattra Gold M. ....... 33
Allb-CtialraenMfe.... 44H
Allls-Chatm Mfc. Pf-.. 73H
Am Ac Chemical 72
Am Ac Chemical pf .. 08)1
Am Bret Soear 05U
Am Drake BAFpl ttlO-J
Am um 03H
High. T-ow. Cloe.
33W 32K 32H
45 43i 43U
74K 73K 73M
72!. 71W 71H
OSU 08U OSU
00 VX 05H
107 100. 100
OUi 03 03
GRAINS RALLIED;
DEMAND GOOD
Heavy Arrivals and Good
Weatjier Offset by Strength
in Outside Markets
CHICAGO, Oct. 25. The first of the ex
pected rallies In the grain market took
place at the opening today and prices ad
vanced steadily, but in light fractions
during the early hours. A good general
demand prevailed for wheat, with few un
willing to sell. The bidding grew spirited
at times. Strength In outside markets oft
set the heavy arrivals and favorable
weather reports.
May led the rise with a three-cent gain
which was well maintained to the close.
Bears declared the bulge would not last.
It was the result of an oversbld market,
it was said, with long liquidating. Short
r Interests were said to have Increased.
Bulls, who had predicted the rally, were
optimistic Stocks, they asserted, would
not increase for some time as there re
mained many old orders to be filled.
Corn and oats followed the fluctuations
of wheat. Corn Is looked upon as a
stronger market. Speculative Interests are
moving oats, which has a bearish senti
ment. Leading futures ranged aa follow :
Sat'd'a
wheat Open. High.
December .. OT'i 1.01 V4
May . ... 1.00 1.03'i
wm incw aeiivery;
New York Bond Sales
High.
6. .ISO
B.. 0SH
. 1
. 00
.104
. 82
. 84
. TOTt
. 01
. 80
. 81?;
. 80
. 82
. 8H
.102
.10054
. 78
.89
.101
. ssy.
.113
Low,
07
1.00
Close. close.
1.0154 1075i
1.035, tl.0054
October
December
May ....
Oats
December
May
Lard
October . .
November
January , .
Itlbs--October
,
January ..
Pork-t
October . .
December
January
t?K
as?;
37
877
8.8(1
0.02
68V4
60
b 'Bj.
15$
t58!i
38S
30K
37H
8854
S.SO
0.02
8.77
8. 93
8 92
13.40
1(1.35
8.02 8.82
305i
8.77
8.77
8.07
0.37
8.87
37H
381
Bid. tAiked.
l.im
18.33
13.33
13.23 tl3.S0
16.02 116.15
8.85
8.82
0.00
0.37
8.00
13.35
13.50
16.35
HEAVY SALES OF GAS
U.
G. I. September Quarterly Report
Showed Big Gain Over 1914
A substantial Increase In the sales of
gas in Philadelphia by the United Gas
Improvement Company was shown in the
report of the Equitable Illuminating Com
pany. Its subsidiary, for the three month
ended September 30. The quantity of gas
measured In feet, sold under its lease with
the city within the quarter ended Sep
tember 30, 1915, was 2.240.SSO.44O cubic feet.
The amount of money collected In said
quarter for such sales and In any previous
quarter was f:,256,998 received In payment
for 2,256,6,1D0, cubic feet, of which 33.000
cubic feet were sold prior to January 1,
M68, and 173,890 cubic feet were sold
between January 1 IMS, and January 1,
1S13, and 2,256,TS3,300 subsequently.
The amount of money due to the city
under the terms of lease Is $451,387 be'ng
10 cents per 1000 cubic feet on 33,000 cublo
feet, 15 cents per 1000 cubic feet on 173.890
cublo feet and 0 cents per 1000 cubic
feet on 2,56,789,S00, The comparisons fol
low, 1015. Mlt.
3 mo, end. Sept. 30.2.140.856.440 2.215.630.420
S mos. end. Juno SO.2.230.21 6,640 2.262,400,840
8 ino end. Mar. 81.. 2,581,052,210 2.650,381,310
Total, 0 mo. 7.059.023,100 7,127,421,570
MINING STOCK QUOTATIONS
TONOPAU KTOCK8.
0000 Alaska Gold cv
5000 Amer Agr deb
BMW Anslo-Fr En I
21000 Amer Tel clt 4b..,
U3000 do cvt 454s
20000 Armour Co 454a ...
600 Atchison adj 4a
10000 do cv 4a IOCS..
4000 A C Line let 4s ..,
2000 do clt 4s ,
21000 B & O 354s
WOW do 4s .77.
34000 do cv 454s ,
2000 B & o Swr. 354s ..,
1000 Beth Steel 1st 5s
7000 do ifd 5s
1000 C C C 4 St L 4s
20O0 Cal Ojs & Elec 5s
00O Cent Leath 1st 5s
7000 Cent l'ac 354s ....
2000 Cent II 11 v r k.
30000 Chill Copper 7s 182H
4IW00 Ches & Ohio cv 454s.. 87
tiOOO Ches & Ohio 454s... . 8854
2000 Ches & Ohio 5s... .. lOlS
1000 Chi & Alton 8s....; 64
11000 Chi & East 111 SB...! 60
.ivw win ui west 4S......
1000 Chi & Nwn 4s '63....
5000 Chi B & Q Joint 4s...
1000 chi b & q in 4sT.. ;
1000 CM Mil & St P 4s..;;
1000 Chi M & St P fd 44s
200O Chi Mil H T -.. :i
88000 Chi Mil & St P CV 454S 08
-wv w.ii jb x Ct I OS. .... 1H4
8000 Col & South 1st 4s... 8014
1000 Col & South 454 82"
2000 Con Gas cv fts 03T4
2000 Del & Hud 4s '16 1005,
40500 Del & Hud equip 454sl04&
1000 Den & Rio Gr 4s.... 74
14000 Den & Itio Gr rfd 5s.. 55i4
2000 Detroit United 454s ... 74
64000 Dls fiecur Corp 6s.... 7354
4000 Du Tont Powder 454s.l025?
17000 Erie gen 4s 74
31000 Erie conv 4s Ser A... 08
trie conv 4s Ser B... 78
ww r.ne ra col 4s ...
7000 Erlo prior 4
8000 Green Bay Cs
8500 Gen Elec deb 5a..
10OOO Hud & Man In 5s.
6500 Hud & Man rtd 5s.
2000 Indiana fcteol Ka .
10000 11! Central rfd 4s
Low. Close.
130 130
85S 05
B74 8754
8054 80
10,1 54 10J54
Uli 014
Am Can pr... 10GU 100H 100M lOOK
Am Car A Foundry... 90 02 S7U S"8H
Am Car & Fdy pf UO 110H 115J 110H
Am Cotton Oil 0.1 toH 02 0.1
Am Hide A Leather... i;i) 14 13U 1354
Amliide&Lpf 0H t8'i CO 67H
Am Ice Sccurltloi 2.154 stf, 23)4" 23J4
Am Unseed .....2754 31K 27 29Jf
AmLlnsccdpr ,. 405 f0H 4754 6054
AmLocomotiv 7J)4 7454 71U 71!i
Am Locomotive pf..,.. 09 08 i S5 l)85i
Am Mslt OH 0)4 OH 054
AmMaltpf 27H 29 28 29
Am Emclt & Itef. U2H 03! 92)4 D2U
Am Smelters pf A 80H 80'i 80U 8054
Am Steel Foundries. . . 7Di 72l 09)4 70H
Am Sutar Itcflnlng..., 1U54 113 112 112
Am Tel A Tel 124)4 121W 1245f 124W
Am Tobacco 230 231J4 230 23054
Am Tobacco pf new.. 110 109)4 109)4 10954
Am Woolen 60 CO'i 5554 6M
Am Woolen Irr Ct 63)( MJi 63Jf
Am WrltlnB 1M f 9J4 12 11 11)4
Anaconda Copper 74J4 7554 7454 7454
Atch T A 8 F 1004 107 100)4 100)4
Atch T A S F pf 100)4 100H 100)4 100J4
Ualdwln Loco 142 140 13814 140)4
Baltimore A Ohio U2! 03)4 0254 93)4
Daltlmoro A Ohio pf.. 75)4 75)4 7554 75)4
Datopllas Mlnlnc 154 154 154 154
Bethlehem Steel 585 580 500 680
Bethlehem Steel pf.... 182 182 180 180
Brooklyn Itap Tr 87 80)4 88)4 8054
Brunswick Term 7 8 8 8
Butte A Superior 01 Gl 0254 03)4
tal IVtroleum pf 4154 42 42 42
Canadian Pacific 17154 17154 170)4 17154
Cent Leather Co 5854 69!i 6b54 5954
Cent Leather Co pf... 10754 107)4 10754 10754
Chesapeake A Ohio.... 67!f 68)4 5754 67)4
Chlno Copper 49)4 50 4954 4954
Continental Can 10554 105)4 100 102
Continental Can pf.... 107 10054 103 100 3
Chlcaco Great West... 1354 1354 1354 1354
ChlHIAPac 1G54 1754 1054 17
UCOAStL 52 SI! 5154 5154
Chi Mil A St Paul.... 9254 93)4 92 0254
C M A St Paul pf 12744 12854 128 12554
Chi A Northwest 130 131U 130 13154
Cluett Pea A Co 7154
Colorado Fuel A I.... 58'i
Col A Southern 33
Consolidated Gas 141
Corn Products Kef.... 19
Corn Prod Itef pf 88
Crucible Steel 91
Crucible Steel pf 109
Cuban-Am Suzar 110
Delaware A Hudson.. 14054 118
Del Lack A West 21254 210
Den A Rio Grande.... 954 9
Den & Itlo Grande pf. 15
Distillers Securities.... 4854
Domo Mines 22)4
Elec Storace Bat 7154
Erie 3054
Erie 1st pr 5i
Erie 2d pf 4554
Fed Mtn A Sm 2854
Fed Mln ASm pf 50
Gen Chemical 350
71 70 71
0154 6854 59
3354 3354 3354
14m 140)4 111
2IJ4 19 20J4
91 fcS54 91
0554 91 92
10954 109 109
117 11054 11054
148 148
210
8J4
1554
48
22)4
7154
3054
55
4554
30
6054
350
1554
49
2254
7154
3954
5054
4854
30
6054
350
210
9
1554
4S4
2254
7154
39J4
5054
4754
30
6054
350
FOREIGN EXCHANGE
.
Strrllnr.
Demand
Cables . .
Itiincs,
Demand
Cables ,!
Mnrlis.
Demand
Cables
Toilny.
4.(1 IK
.?.
8.01
0.03
M9i
fat.
Close.
4.63
i.Mfi
8.94
5.03
M
LONDON MARKET
DISPLAYS MORE
CHEERFUL TONE
Neither Stock Exchange
Nor Nation Shares Pes
simism of Press
PEOPLE FAVOR WAR LOAN
Gen Electric 17654 182 17954 18054
Gen Motors 373 373 373 373
Gen Motors pf 113 113 113 113
Goodrich B F Co 7854 70 77 77
Goodrich B F Co pr.. 11054 11154 111 111
Ureene-Cananea 3854 38 37 31! i
Great Northern pf.... 12154 12254 12154 12154
Gt N cfs for ore prop. 5254 5254 51 5154
Guccenhelm Expl'n... 0754
Homestake Mining. . . .121
Illinois Cont 100
Int Agricultural 22
Int Agricultural pf . . . . 62
IntHarvN J 110
Inter Con Corp'n 2154
Inter Con Cor pt 7854
Inter-Met vot t c 2154
International Paper... 1054
Internat Paper pf 3951
Inspiration Copper.... 45
Kan City Southern. ... 2854
Kan City Southern pf . 0154
Lack Steel 85)4
Lake Erie A West 1054
Lehigh Valley 7051
Liggett A Myers 248
745i
98
5054
61H
. 89
33J4
10000 III Central rfd 4s
115000 lnterb Met JUi..
150U0 lnterb It T rer 5s....
14000 Inter Mer Mar 454s..
1000 Jap new Ger sta 454s
70UO K C Ft S & M 4s...
4000 Lacka Steel 6s 1023..
31000 Lacka Steel 6a 1050..
10000 Lk fih deb' 4s 11)28.,..
1000 Ui Sh deb 4s lUJl?.,
1000 Leh Val of N Y 454s.
1000 Lis; & M T 5s... ...
1000 Ll & M T 7s. .......
7000 Lorlllard 5s
5000 Louis & Nash 4s
looo Minn St I' S a M 4s.
loco Mo Kan & T 4s
1000 Mo Kan & T 5s
6(110 Mo l'ao 4
7000 Mo l'ao 5s BriO......
ZI1O00 Mo l'ao cons bs
3000 Nat Tube 6s
1000 N Y Canal Imp 454s..
SOOO N Y C L S 3Us.....
21000 N Y C & H 354s
3M000 N Y C & II Os ret..
65O00 N Y C & H 4Ws
1000 N Y City 4s 1058....
3000 !' Y Cltv 4s 1059
61000 N Y City 454s 1U05
78V4
80
H2i
10554
10454
102
.... 8054
53.. 844,
754
oati
B
0651
iui
04 ti
Ikiti
80
100
122
IOO14
0.J54
40-I
7754
no
30
7B
0354
100
iuw;
80
108J4
0054
05
B3V4
102
BIOOO N Y City 4HS 1003... 102
1000 N Y City 4Ks Nov '57.102U
JIOOO N Y N II A II 6s IMS
10014
03 i
4?4
7754
tiu
3U
7fi
03U
100
loo--
74
70 ?,
lomi
won
03?,
t4
I 4ftS. Ml
1 4s.... OO54
n s...ll4
4s. .. 9Z
0854
RU
71.000
1000 N Y Ilwv rer 4s llCi
31000 N Y Hwy adj 5s 4
WOO N Y Tel Ken 4V,s 0654
hkw rforr & west evi 4s. M
;makj rtorr Ac wesi it 4s.
nioou worr west jten
22300 Nor l'ac nnor
150DO Nor Pae sen 3s .... 63'i
1R000 Pacific Tel 6s 0S5i
iuvu i'enna cv u)is ... vj
1000 do 4s 1048 ....
14000 do ren ct 4Hs .... 08'
2C0O0 do en 454s 10354
4000 do 454s 1021 101
2000 Reading- (en 4s 04
4000 Repub Cuba 61 1004. 04
3000 Rep U BIl 044
S.1000 Rock Island rfd 4a. 63
60000 do 5s 4354
5000 SILASF ren ct sta 4a 47i
1000 Houth Bell Ba D7a
1500 Bouth Pac 4s 8454
15OO0 do ov 4s 86K
20000 do cv ret 1 p os.,..iua
QDOOO do rfd 4s ..
wtftftn ftnuth itwv sen 4s.
OOOO Houth Rwy con 5s.
Jim Butler
Vldnar
,IUpah Extension ..
Montana
North Btar .
Tonopsh Belmont ...
Tooopab; Kitenslon .
'PoAQpah Merarer ...
Tosopan AiimoK
...,.
Bid.
78
13
21
'.'.'.'.'.'. 1S3
...... .14
.42
BV
Asked.
.70
.15
.22
.37
.18
Atlanta.
Wim Bull
' f
54
Rescue Kula 08
Weal End .83
tJOLDFIELD STOCKS.
OH
.05
u
M
08
.01
JJ
MvUhAmi .............l-
Dh4 Mmm ......... ...4. .... ,10
- MISCELLAWEOUa
Tmwy AtlC -- .-- W
bmrty . syj
i.
TruiPf fl
cyommfumon rwawn ....
uaiuia p ..-.'-.-
?
ffrcrvr
lmMtOi
KMU
a
.68
.26
.07
.SO
.04
.OS
.10
:S
IftVvaM wdsr i...... ,.,...1
l.M
.87
A7
.11
.09
.08
.B
..18
1.53
DIYIDRND DBCLARW
M1 Hsltnnal lUnk. rerular asm!
-.'.at., November 1 U stockhoM
W mm wi w. citfci
eke wtu k
ml Howat a,
Crapui v. . rMra)r
ia 10 stscx
HAK 8ILYBK
'Ono Texas Go cv 6s
4500 Third Ave new 4s..
MOO Third Ave adj 5s.
8000 Tol l'eo & W 35s.
5B000 V 8 Steel 5s
28000 Union l'ac 1st 4s.
15000 Union Pao cv 4s .
lOOO Union Pfcc rfd 4s. . .
4000 Un Rwy 8 F 4s...
83000 Va Car Chm 1st 6.
3000 Wabash 1st 5.
iiwtt Wih K ct sta 4a P
.mvwiA TV M t afa 1st is V I 8S
MOOWest Electric 6s ...,10154 101
40O0O W E 11 cv 5. w I. .147 144
BOOU west onor. ...... . '
i ji
... 87A
... tnxL
... 09
. .lori
"P
. .KOi
Mfi
1
... 6454
.. 4tt
, .loon
..102H
P. 05
11014
OO'Z
48
00i
W)
00
11014
M5J
03
0754
40
0854
08
103
loorf
04
0154
65
43
03H
8154
86
104U
8754
'H
0054
ln
82
7IH J
80
05 tj
07!
a
100
(U
9054
5-954
01
5254
9154
345,4
10
Long Island 24
Alacicay cos
Mackay Cos pf
Manhattan Elgtd....
Maxel Motors
Max Motors 1st pf...
Max Motors 2d pf...
May Dept Stores
Mexican Petroleum...
Miami Copper
Minn A St Louis 14
M StP ASSM 12154 120
M St P A8SM Pf...l27 127
M St P A S S M 1 1... 71
Mo Kan A Texas 554
Mo Kan A Texas pf . . 1554
Missouri Pacific 5
Montana Power 5854
Nat Cloak A Suit 81
Nat Enamel A & 33H
Nat Enamel AS pf... 91
Nat Lead 0754
NevConCop 15
New York Air Brake.. 148
08 07H 0754
11954 11954 11954
107 107 107
2454 2454 24J4
5554 63 54
10954 10954 10954
54 21J4 2254
7854
2254
1054
3954
4454
2854
C154
8354
1054
77
247 247
25 25
7954 7954
78'i
2254
1154
4154
4554
29
0154
8554
1054
78
248
25
7954
7854
2254
11
4154
4454
2854
0154
t3H
1054
77!i
78
0554 00 00 00
12754 127J4 12754 127J4
By FRANCIS W. HIRST
Editor of The Economist, London.
Bpecat cable to the Evelina Ledger.
LONDON, Oct. 26. Humors' and re
ports on your side nbout new embar
goes and export duties probably origi
nate In the Renernl uncertainty and
doubts concerning tho stability of the
present Cabinet. It Is certain that there
Is an ntmosphero of pessimism regard
Ins the military situation, but this at
mosphere Is not in tho least Justified by
tho course, of events. Thus, during tho
Inst two months tho Russian nrmlos have
dono far better than In August seemed
likely.
The recent cheerfulness of the stock,
market, too, Indicates that tho pessimism
of the press Is not Indorsed by the peo
ple. The war loan hns been especially
popular. The real danger Is not mili
tary, but financial, nnd finance will
henceforth require much greater con
sideration than It hns had hitherto from
the Government.
The renewed weakness of American ex
change Is causing grave concern, and
Lombard Street Is asking how the loan
Is being employed. Touching a question
recently asked regarding dollar bills, nat
urally they aro not much liked here, but
they have gained a footing since the war.
sterling bills are, of course, preferred.
Usually a fall In exchange brings out
plenty of American securities for sale,
but Thursday's sharp drop failed to do
so, and this department remained qulto
Inactive. No trustworthy estimates of
these sales arc available, but banks hero
have undoubtedly been purchasing Amer
ican securities of all kinds for shipment
to your side.
There is much controversy in banking
circles as to tho wisdom of the ofilclal
policy of screwing up tho money and
discount rates here, but the object cer
tainly Is to attract money from your
side.
Financial Briefs
bOii
.100
. 2954
N Y N II A II
New York Central...
N Y O A West
Norfolk A Western..
North American
Northern Pacific...
Nat Ky of M 2d pr.
Pacific Tel A Tel 4454
Penn lilt &8H
7754 90
1854 li954
674 04
52 5254
8854 6054
3454 :54
13 13
120 120
127 127
71 71
554 554
14 14
454 454
57 68
83 83
3354 3.554
92 92
0754 E7J4
1454 1454
147 15154
fcOW bl
10054 10054 100J4
3054 2955 30
11054 117 11554 UO
7254 7254 7254 7254
11154 11254 112 11254
OH 954 954 OH
44 4354 44
59 6854 58)4
71
554
14
5
5954
83
3054
92
0754
15
153
W!4
Additional shares of various companies
have been placed on the regular list of
the Philadelphia Stock Exchange as fol
lows: J787.E00 American Telephone and
Telegraph, $1000 American Gas and $1000
Keystone Telephone common certificates.
There has been striken from the regular
list consolidated mortgage 4 per cent,
bonds of the Pittsburgh, Cincinnati, Chi
cago and St. Louis Railway, cancelled by
operation of tho sinking fund In the fol
lowing amounts: Series D 1915, $154,000;
Scries E 1949, 232,000; Series P 1S53, $50.
000; Series G 1957, $335,000, and Series H
19C0. $203,000.
The New York banks lost $1,663,000 to
the Subtreasury on Saturday, and have
gained $1,437,000 Blnce last Friday.
Gold coin to the amount of $1,000,030
arrived In New York from Cuba.
A special meeting of stockholders of
the Philadelphia Company will be held
on Tuesday, December 2S, at 2 p. m., at
the company's general office In Pitts
burgh, for tho purpose or voting for or
against an Increase In the capital com
mon stock from $69,433,400 to $71,933,400,
tho Increase amounting to $2,500,000.
Stockholders of record at close of bus
iness Thursday October 2S, will be en
titled to vote at the meeting.
BANK SURPLUS REDUCED
Peoples Gas Chi 11054 120 120 120
Philadelphia Co 4054 47 40 4054
Plttsbureh Coal 3954 39J4 3854 38H
PltUbureh Coal pf.... 109 109 10554 107
Pressed Steel Car 72 7254 7154 7154
Pullman Co 100 16854 108
.170
. 3
. 354
. 4854
. 01
2554
7954
. 5154
.101
. 4
0
03!
5000 West Union 454s.
Total sales, $1,410,000, compared with
IS769 last Jlondsy.
NEW YORK COFFEE MARKET
NEW TORK, Oct, 25. Deallnrs In coffee
future, on the exchance today were on a
larier scale and hither price, prevailed. Open
In. quotations war. unchanged to 18 points yp.
In the afternoon prices fell hslow (Saturday,
final.. Total sales were 39,600 bass.
Today'. Today. Yesterday.
opening. nose,
October ....... .... ....
November
Peccralier
January
Ms?r;.::::::L8t aiifa."
? ;.7.-;:::::ia HSK
July "SS2 6.709.71
September ,,.. 6.91 8.8048.14
.... a45tf6.no 6.4806.44
.,,, acotjaeo tmstus
ciose
6.45Q6.4I)
.6IUU
fl.40fin.6t
6.62110 53
&B6A6.56
M.Mnitt.00
6j4riMH
50.74
.7Kg.70
'Bid.
ItMlH
.
aw
BANK CLEARINGS
Bank .clearinc. todav com par. with
apondluc day lag.jfo 'li
dIphla,lf.mHS 'li
on .V.K-Ki '
P Lorlllard Co
Quicksilver
Quicksilver pf
Hy bteel bpB
Ry Steel Bprlng pf...
Ray Con Copper....
Iteadlng
Hep Iron & Steel....
Rep Iron & Steel pr.
Rumely M Co
Bt Louis &SF
StL&SF2d pr 7)4
Seaboard Air Line 1054
Seaboard Air L pr 3')54
Sears Roe & Co 16054 157
Bloss-Shel S & I Co... 01 6154
Southern Pacific 0754 0854
Southern Ry 21 2154
Southern Ry pr 59 59
Standard Milling...
btudebaker Co
Studebaker Co pr...
Tenn Copper ei rti
Texas Co
Teias & Pacific.
168
ISO ISO
3 3
4 4
4854 49
05 05
2554 2554
7954 f054
5354 6454
10354 104
4 4
554 0
754 754
16 1054
39 39
157 157
60 0054
0754 98X
20H 054
6854 5854
8054 70J4 70 70J4
.18854 18954 13 18454
.112 113 11254 113
. 6254 0354 02 03
.10254 16554 10354 10554
180
3
4
40
05
2554
8154
54)4
104
454
0
754
1054
3954
13
13
0154
00)4
91
054
25
0J4
73
6054
1354
0154
0954
01
054
20 U
W
73
01
135
K
ibis
tao.53x.ooo
is.
1354
Third Ave 01 0154
Tobacco Product, pf.. 10054 100
Under Tjrpew'r 87 95
Union Has & Paper... 054 754
Union Bat & P pf.... 25 27
United Cigar Stores.... 054 10
United Dry Goods pf.. 75 73
United Clear Mlrs 5754 01
Union Pacific 13554 13054 135
Union PacUlc pf 8154 82 8154
U M Ind Alcohol 125 12454 12154 12154
U S Cast I P & V..... 27 2054 27J4 2854
U 8 C I P & F pf.... 4T54 60 4814 60
United Rjs Invest 2054 27 2554 25!4
United Itys Inv pi 4354 4454 4354 4:s4
US Rubber 6454 68J4 6454 55
U S Rubber 1st pf.... 10054 100 100 100
UB Bteel 0(554 HO J 4 8554 H554
U 8 bteel pf 116 11554 11554 11554
U S Express 67 6854 68)4 6854
Utah Copper 70 7054 0054 6054
Va-Oaro Cbem 4754 61 48 5054
Va-Caro Chem pf...., 10854 10954 109 10U54
Va-Iron Coat & C Ch5i O'J 6854 6854
Vulcan Detlnnlng 1754 1354 1354 1354
Vutean DetlnnlDf pi. .. 3554
Wabash wi ........... 1354
Wabash ,pf A wl 47
Wabash Mil wl 2054
Wells Farao EID......120
West K &M mt
Wtttern Maryland...., 3254
Western UnlonTel..,. 80
Wheel & Lake Krle.... 3
Wheel I-E lit pf... 1154
Willys Urerlanj 259
Willys Orcnand pf....09
WlsconUn Central 35
WoolwortbF W Co.. .Ill
Quoted x dividend.
Reserves Fall $4,774,000 Loans
Seven Millions Larger
A drop of $1,774,000 In surplus reserves
was reported by the Philadelphia Clearing
House banks for the week lust ended.
Loans expanded over seven millions, whllo
Individual , deposits rose $5,271,000, Details
follow:
Oct. 25. '15. Increase. Oct. 26. 14.
Lo.nn . ...$453,507,000 $7,028,000 $300,371,CO0
uep'iB una; 4ui, tj.wuu
Circulation. . 11.103.000
nN,nir,,coo
10,405.000
17,237.000
127,030,000
72,012.000
55,018,000
6,271,000 305,021.000
10,000 15.0S3.000
53,528,000
124,583,000
11,654,000
02,023,000
3,312.000
5,083,000
4,080.000
4,032.000
142,000
4,774,000
Sales in Philadelphia
63
66
43
674
60
71'4
Saturday', close.
25 Alliance In. ... 1754
150 Allls-ChMm .... 44
4 Am Oss 116
100 Am Csr k Fdy. ..
100 Rait & Ohio
60 Raid Loco 146
A do rret ......11054
661 Duff & Bus t e. 1054
'.(13 do pref ....
276 Rrlll, JO...
6 Reth Bteel ...
50 Cambria Iron
12118 Cambria Bteel
850 Corn Prod ...
23 Ches A Ohio.
110 Col Tuel ....
50 Dls Bectir ...
170 Kite Btorags .
174.1 Krlo Srt'4
10 Gen Asphalt ... 85
100 do pref 724
CO Ins Co N A.... 2854
1863 Lake Sup Corp. tt"
100 Leh Nav 7854
803 7,eli Val 7654
ISO Leh VnlTr ... 1854
230 do pref 8S
1 Norrlttonn 140
416 Ponna R It BS5i
50 la Salt Mfg. ...101
100 Pitts Coal
50 do pref
S04 Thlla Elea .... 27'4
B Plilla R Tr 1054
8048 do tr ctfs 10
12 Phlla Trao 76
23 Ray Cons 2554
10W Reading SO
50 South Rtry 054
000 Ton Relmont ... 854
203 Ton Mining .... 654
455 Union Trac .... 4654
MM U Gas Imp 6054
3000 U S Steel 864
60 Va Cnro Chem.. ..
.133 Warw Ir & St.. 10'4
15 Westm Coal ... 0654
10 York Rwy 8'4
100 West Eleo
UlSh.
18
4
116T4
66
02
142
110
24
65
no
B70
4854
0054
22
r.8
01
4054
72
3054
83
72
2854
054
7854
7854
18
8854
137
60
101
8954
10854
2754
1054
1054
78
2554
8154
214
3'u
B
4354
804
8054
61
lOtt
0654
8tt
73H
Low. Close.
18 18
44 44
11054 1I6T4
81
P254
140
110
204
6354
65
670
484
07H
2051
r.8
0054
4054
714
80
83
72
204
n4
78
77
18
8754
137
58S
101
8054
100
27
1654
15
70
254
70
214
n,i
BV4
43
86
8354
51
104
064
SH
T3H
88
02
140
110
224
6411
064
B70
48,
08
22
68
61
404
72
33
83
72
204
H
78
77
18
88
137
58
101
304
100
2754
164
15
78
23
80
214
S'i.
64
43
80
8551
51
10
0054
8
73
Total Sales, 30,000 shares, compared with
2ff,013 shnres last Monday.
BONDS.
Last prev.
sale. Utah. Low. Close.
$180 Cam St ecrp 16 .. 102 101 101
iu ao Aiay wi?.. ..
1MI do Keb 1017
1000 Ch & Ok Ren 5s . .
COOO Elec & P Tr 4s. 75
2000 Inter Rwys 4s.. OOt!
1O00 I.eb Val gen is 81
63000 l'enna Ren 44s. OS'4
KOOO Ia cons 44s MS OSU
21000 Penna cons 44.103
1000 l'hlla Elea 4s... 80
38000 Reading gen 4s. 03
3000 Un Rwy Inv 6 73
101
101
!ilS
78
50
89
0S4
osv4
104
Vfi
04
7J .
1004
looji
w
604
084
4
1)8'
104
70
100'
10(
07
7R
5RK
80
ix4
084
104
04
73
Total sales, $135,667, compared with $07,
593 last Monday.
BIG DEMAND FOR GOOD BONDS:
MORE STEEL MERGER RUMOR
Midvale Said to Be After Eastern Steel Company 1
wnicn uontroiB uiu -. "" v-Jiiipany,
Philadelphia Company Finances
The steadily expanding- demand for
hlRh-Rrndo bonds at advancing prices has
berun to creato a scarcity of gllt-cdKed
Issues, according to local dealers. Tho
supply that camo from abroad last sum
mer has been virtually cleaned up, belnn;
absorbed both by Institutions and Indi
vidual Investors. Increased confidence In
tho position of rallronfls has had much
to do with tho expansion.
Tradlnc In bonds on tho Exchang-e has
also Increased considerably, but to by no
means to so great an extent ns over-the-counter
business. In Now York the vol
umo of transactions has shown a big Jump
of late. For Instance, last week the total
sales on tho Wall Street Exchange
amounted to $28,383,600, compared with
$9,518,600 In tho corresponding period of
1913. Last year at this tlmo the Exchange
was closed.
Tho latest steel merger rumor to strike
the street is to the effect that the Mid
vale Is seeking to purchase the Eastern
Steel Company, of Pottsvllle, which owns
largo ore properties in Cuba. This con
cern also controls the Warwick Iron and
Steel Company. The stook of the latter
was not affected by the report, how
ever. Meantime Jtho prolongation of tho Penn
sylvania and Cambria Steel negotiations
continues to exclto much curiosity In the
ilnancial district.
Tho unexpected rivalry, which appears
to have developed with regard to the
Pennsylvania Steel Company, Is under
stood to be the stumbling block. Tho ro
markablo expansion In the general steel
trade and the advance In valuo of Bteel
securities has also affected the negotia
tions to a considerable degree. It is said.
Tho options held by the Donner-Frlck
irrnim srlvn thm mm ..i..-b.-
Schwab Interests or ZnyV'!
as Mr. Donnor has tho nrtiuL ,'tV
5L.M.r:.?2?"?fJi"" th0. phw Mn5i
" uj.j.utimuijr 10 purcnase, at th j. -ia
offered by Mr. Schwab or anybodt I?!
Mr. Donner thus has rni5uV,??ir !. '1
atlon, as his option on Pennsylvania I .' "! 1
does not expire for a long rerlJ 8i il
does not expire for a long period tv!
opuon iiao certain limitations, hofre... I
as to tho amount of shares and.. V' 3
A feature of the trading on th Wi
exchango today was a sharn ti..!?e.
Cambria after a considerable block tJItl
been absorbed. Tha nnffnln .? ft4 kl
hnnna Issues nlsn ,1.l.... D.UHU6.
ultima, issues aiso aeveloped tnM
strength, extending last week7s adva"Ce.'
several points further 'ici
Except for a sharp drop in Baldwin T-.
enmntlve. rtrlcn fliirttifltln.- .. V1 AB
wide on 'Chan-re todav. n.ViJin,'vry
was active, and after ODenlmr
Pld Transit
vio wiino, uiiu uuer opening stw.-
eased off. tt was said that a wofflSSS
brokerage house Identified with thi
... -.-..... ..u,u uiiiui naa film
over a large block of the stock privai.N
Duslness In tho Coalers was brisk .Si
there 'was also qulto a little tradlnr !
Lako Superior. Heading and ti.i.:5
States Steel were prominent, and ther.,
was a good demand for rennsylvanl.l
4114s. The Philadelphia Comrmn. II i
was not affected by tho report of tW"'!
w..bt.u ....... . .KTcx.tiivfii. umpany ton
the year ended December 31 and that of H
tliu . iiiicvuci(jiiic uiii,miy iQr Ihfl vft ' J
ended March 31.
Tho gross earnings of the United IUii
ways and controlled companies .
$32,574,112. .Expenses for operation and
taxes amounted to $18,648,626, a ratio to
gross earnings of 67.23 per cent, aiii
gross Income, Including other Income
was $14,400,407. Net Income after deduct
Ing a fixed charges totaled $4,463,835.
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WHEAT. Receipts, 130,071 bush. Specula
tion In the 'West aa bullish and prices ad
vanced 2c. under a fair demand. Quotations:
Car lots. In export elevator No. 2 red, srpt
and October, $i.l04i)1.124; No. 2 Southern
red, $1.08401.104; steamer No. S red, J1.07V5W
l.m'i; No. 3 red. $!.074M.004; rejected A.
I1.0VH.07. rejected H, Lo.'l4SI.054.
CORN. Receipts. 003 bush. Supplies were
small and tho market ruled steady though
quiet. Quotations: Car lots for local trade, as
estcrn
yellow,
Due fr. bks,
Dep. of bks
Kx. C. Use.
Ties. held...
Res. req'ed.
Surplus . ,
Decrease.
Kurplua under old form. October 27, 1013,
was 8,J21,0OO; October 28, 1012. $0,743,000;
October 23, 1011, $5,612,250; October 24, 1010,
$8,732,750.
COTTON
NEW TOllK, Oct. 25. Cotton opened
firm this morning, with prices eight to
nineteen points higher. There was good
buying on the bullish census report.
March was In most demand. About the
only selling appeared to be taking of
profits by some recent buyers and some
selling at the highest levels caused slight
reactions. The weather In the belt was
favorable.
In the afternoon prices receded all
around. Earlier gains were cancelled and
declines ranging from 16 to 0 points were
established before the close.
Rat. elftae. Onen.
12.55 14.04
...1243 12.46
.. 12.74 12.S)
, .l'.'.R'l 13.00
,,12.00 13.0
..12.45 12.35
to location. Western No. 2 yellow, 754704c,
wesiern steamer yenow, h.dc.; wi
info. ;i yellow, ixaiTaiic.; ueiawi
72Ai74Wc.
OATS. Receipts, 131.358 bush. Trade was
fair and prices ruled steady on desirable stock.
Quotations: No. 2 white. 454bc.; standard
white, 44?45c: No. 8 white, 4!(S42c.; No. 4
white, 373Vc; sample oats, $333t!c.; purlOcd
oats, graded. 42044c.
FLOUR. Receipts. 1605 bbls. and 1.750.303
lbs. In sacks. Demand was light and values
wero largely nominal. We quote per 100 lbs. In
wood Winter clear. M.OOen.lO: do . straight,
$5.1095.25; do., patent. (5.4006.65: Kansas,
clear. Jute sacks, S5&5.20; do., straight, lute
sacks, $5.2505.50: do., patent. Jute sacks. $5.50
Cf5.75; spring, first clear. fl.SOfiS; do., Btralght
$5S5.'!5: do., patent. $5 2"06..V): do., favorite
brands, $5.75ffn;; city mills, choice and fancv
patent. $5.75l0r cltv mills, regular grades
Winter, clear. $55.20: do., straight. J0.2O8J
5.40- do., patent, $5.6035.75.
RYE FLOUR was- quiet but steady under
small supplies. We Quote at $50.5.25 per bbl..
as to quality.
PROVISIONS
There was a fair Jobbing demand and value,
ruled firm. Following are the quotations: City
beef. In sets, smoked and alr-drled, 21025c;
Western beef. In Bets, smoked, 24625c ; city
tcef, knuckles and tenders, smoked ana alr
drled. 2027r. : Western beef, knuckles and
tenders, smoked, 2r,fJ27c: beef hams. $-83 JO,
pork, family, $22.50323; hams. S. P. cured,
loose. 1213c: do., skinned, loose. 1281Jc;
do., do., smoked. 1313c; other hams,
smoked, city cured, as to brand and average,
154810c; hams, smoked. Western cured,
15416c; do., boiled, boneless, 2c: picnic
shoulders. S. P. cured. loose, 12c; do., smoked,
14c; bellies. In pickle, according to average
loose, 13414c; breakfast bacon, as to brand
and average, city cured, 1718c: breakfast
bacon. Western cured, 17818c; lard. Western,
reflr.ed, tierces, 114c: do., do., tubs, 114c;
lard, pure city, kettle rendered. In tierces,
114c; lard, pure city, kettle rendered, In tubs,
REFINED SUGARS
The market ruled firm, but there was little
trading. We quote: Kxtra fine granulated,
5.25c; standard granulated, 5.30c; powdered,
5.35c; confectioners' A, 5.15c; soft grades,
4.40S5C
DAIRY PRODUCTS
BUTTER. Trade was quiet, but the market
ruled steady on fancy slock, supplies of which
(were well under control. Quotations: West
ern, solid-packed creamery, fancy specials,
304c; extras. 284a.: extra firsts, 27428c.;
firsts, 2027c; seconds. 23ii244c: thirds,
22!f23c; nearby prints, fancy, 32c : do., aver
age extras. 30331c; do., firsts, 27r20c; do.,
seconds, 25Q26c; Jobbing sales of fancy prints,
;itiU:)c.
ECUS. Fine newlald eggs were In small
supply and firm under .a good demand. We
quote as follows: Free cases, nearby extras,
37c per dozen.; firsts, $10.20 per standard
case: nearby current receipts, $0.00 per case;
Western extra firsts, $10 20 per case; firsts,
$'J.WI per case; rancy selected candled eggs
nere Jobbing at SUJfllc. per dozen.
CHET.SE was In fair request and firm under
moderate offerings. Following are the quota
tions: New York, fullcream, fancy, new,
16J16c: "specials" higher: do., do.,, fair to
'good, new, 15&154c: do., part skims, C12c.
POULTRY
I.TVEL Receipts of fowls and chickens wero
light and the market ruled firm and lc. higher,
with demand equal to the offerings. Other
kinds of poultry showed little change. Quota
tlons: Fowls, as to size and Quality, 15t?16c:
roosters. ll(M2c: spring chickens, according
to quality. 16616c: duck, as to size and
quality, ISSTlOc., laise sizes preferred: pigeons,
old. per pair. lSW20c, do., oung, per pair,
l716c
DRESSED. Offerings were liberal and
prices declined 401c. on fowl, and chickens,
but choice stcck sold fairly at revised figures.
We quote: Fresh-killed fowls, 12 to box, dry-
picked and dry-pscxefl. fancy selected, 10c:
weighing 44B6 lbs. apiece, 184c; weighing
34S4 lbs. apiece, 174c: weighing 3 lbs.
npiece, 17c; weighing under 8 lbs. apiece, 16
10c; fowls, Ice-packed Western. 44 lbs. and
oor apiece, 18c, do,, smaller sizes, 14017c;
old roosters, dry-picked, 134c.; chickensJer
sey fancy broilers, 'JIO20c; other nearby fancy
broilers, 22P2lc: Western broilers, weighing
14Q2 lbs. apiece, 10320c; northern Illinois,
fancy yellow chickens, weighing 4 lbs. and
over 18610c; northern Illinois, fancy, weigh
ing 24034 lbs., inc.; other Western, weighing
4 lbs. and over. 104017c; do., do., weighing
24S.I-4 lbs.. 15c; Inferior. 14c: spring ducks,
nearby, 1617c: do.. Western, I0l2c; squabs,
per dozen White, weighing 11 to 12 lbs. per
dozen, $4.3U5.10; white, weighing 0 to 10 lbs.
per dozen, $3.004.10; white, weighing 8 lbs.
per dozen, $2.7503.15; white, weighing 7 lbs.
per dozen. $2.25ff2.03: white weighing 6304
lbs. per dozen, $i.U0ft2; dark, $1.00ff-; .mall
and No. 2, $101.10.
FRESH FRUITS
Chplce stock sold fairly and values generally
wero well sustained. Quotations: Apples, per
bbl. Crab, $3Q5: Jonathan, fancy, $3.504.50;
do., fair to good, 2.503; Mcintosh, $333.50;
Grimes' Golden. $2.503.50; Smokehouse. $2.50
i3 50; Gravensteln, $2.50113: Twenty-ounce,
$2.5033: Northwestern Greening. $2.5033;
Blush. $2.505T3: Wealthy. $2.5033: Wolf River.
J.2.50W3; Alexander, $2.5083: Summer Itambo,
$2.5033; Pippin. S2.5033; Duchess, $232.60;
Black Twig, $2.603; Wlnesap, $2.503.25;
York Imperial, fancy, $2.503; Ben Davis,
fancy, $2.5082.75: other varieties, $1.5032.50;
apples. In bulk, per 100 lbs.. 00360c; crab
apples, per bu-.h., 75c.3$l: quinces, per bbl.
No. 1, $435; No. 2, $383.50: peaches. New
York, Elbertas, per basket Double extras, 60
75c; fair to good, 35350c: peaches, Ohio, per
bush. -basket Fancy, 75c.0$l; fair to good,
40i50c: pears, per bbl. Seckel. $538: Sheldon,
$435; Beurre d' Anjou, $333.50; Bartlett, No.
1. $3.5034; do.. No. 2. $2A2 50; grapes. New
York, per 4-lb. basket Delaware, 1012c;
Niagara, 1012c; Concord, 1012c; grapes,
Mew York. 20-lb. basket Concord. 35340c:
lemons, per box, $233; pineapples, per crate
Porto Rico, $331,75; cranberries. Cape Cod,
per bbl., $536; do.. Cape Cod, per crate. $1.75
l?2: do.. Jersey, per crate. $1.5032; plums,
Southern, per bush., $1.2531.50: plums, Vlr
lnla. Damson, per, 20-lb. basket, 36iM5c;
plums, New York, per 20-lb. basket, 25340c:
plums. New York, per 8-1 b. basket Bradshaw
and Niagara, l.Vj.'Oc; Relne Claude. 15320c.:
cantaloupes, Colorado, per flat crate, 40305c;
do., do., per standard crate. S1G31.50: celery.
Now York, per bunch, 15350c; lettuce. New
York, per 2-doz. crate, $131.25; do., do., per
3-doz. crate, $1.2531.73; mushrooms, per 4-lb.
basket, $132.
VEGETABLES
Supplies were quite liberal and prices gen
erally fatored buyers. Quotations: White po
tatoes, Pennsylvania, per bush. Choice, 73
75c: fair to good, C03C5c; white potatoes,
Jersey, per basket No. 1 Rose, 45350c; No. 1
other varieties. 40345c; No. 2, 20325c: sweet
potatoes, jersey, per basket No. 1, 30335c:
.n. , liyav.-. onions, per iuu-id. oag,
32; cabbage, domestic, per ton. $430.
NEW YORK COFFEE MARKET f
NEW TORK. Oct. 25. Dealings In eoffni
futures on the exchange today were on al
larger scale nnd higher prices prsvalled. Own. I
Ing quotations wero unchanged to 13 points 51 1
Sales for tho first hour amounted to 12offil
bags. Price, follow: w "'w
Today's
. . opening.
October ,,
November
December 0.4536.00
January U.5036.C0
February
March '0.50
April 6.60
May 0.08
June
July a TO
August . . ., tj.no
September 0.01
Bid.
saturdsy'i, '
cloie. I "
0.4MftU9
o.6w.ssr
(LTaKmI
R.8IM1
0.8SHI
$1.25
NEW YORK BUTTER AND EGGS
NEW YORK, Oct. 25.-BUTTER. Market
firmer; receipts, 4081 packages; extra, 234c:
higher scoring, 203204c; State dairy, 283
284c; Imitation creamery. 23021c
EGGS. Market steady to firm; receipts, 6000
packages; extra first. 84335c: firsts, 203830.;
nearby whites, 52355c; mixed color, 28337c;
refrigerator firsts, 2143254c; nearby browns,
38340c
LIVE STOCK QUOTATIONS
CHICAGO. Oct. 25. HOOS. Receipts, 18,000:
market 5c higher. Mixed and butchers, $8.00
8: good heavy, $7.5037.05; rough heavy,
$0.7037.35: light, $6.8037.00; pigs, $5.4036.70;
bulk. $7.1637.60.
CATTLE. Receipts, 17,000; market steady.
Beeves, $4.05310.40; cows and heifers, S2.7S3
8.25: Texsns. $6.5038.60: calves, $031L25.
SHEEP. Receipts. 18.000: market steady.
Natle and Western, $336.60; lambs, $6.653
8.83.
January
December
March
May ...
July ....
Spot ..
High.
12.72
12.01
12.05
13.03
13.00
low, Close,
12.6'J 12.34
12.22 12.24
12.63 12.66
12.04 12.67
12.08 12.00
40
40
20K
IV!U
74
23
BOH
3
UH
40 40
mi vsh
45i 45H
Zm '20H
no;. I'm
72K TMi
32) 32H
TOJi'-BO'
3 3
UK UK
um ?cu vou
10Ji 103H 109i
35 35 33
UOti 10H UO),
. LESS COTTON GINNED
WABH1NGTON, Oct. 25.-A cotton re
port issued today by tho Census Bureau
shows that 6,713.317 bales, counting round
as half bales, were ginned from the
growth of 1915 to October 18, compared
with 7,619,717 for 1914 and 6,073,518 for 191$.
Tlound bales Included this year are 51,422.
compared with 15,335 for 1914 and 49,093 for
1913. Sea Island Included 40.SC7 fdr 1912;
0,073 for 1914 and 31,139 for 1913.
NEW YORK CURB
Tiraden
British-American Tobacco old .
British-American Tobacco new
Oar Light I...
rlll r!nnner .................
Doldfleld Consolidated
Bid. Asked.
.... '! 1U
.... 15 1
in1'"
68
'(.
irni CooDer
International Msrtn. .........
International Marin preferred
Kena't Oopper
thirh Valley Coal Bale. .....
Magma Copper 144
Mldval. B.4
Nlplsslng ..,... 64
Otis Klevalor ,. 78
Oils Elevator preferred 06
Rlker.Hcgeniann -..,,.,.....,,. 64
Sterling Oum '-
Submarine ..,...,.,,... 44
Tobacco Product. ...... SO
United Profit Sharing new ,.,, 2'i
vVprld Film 3'
0
i
4
&
80
144
no
7
75
05
45
41
3tt
hVKCl At- NOTJCEH
tloned against harboring or trusting
any of th crew of the Urlllsb sttamshlp
Prophet, from Cristobal, Cx., K. Jones, Mas
tr, em no debt, of tholr contracting will be
J.d ..- sL lfal fTfAnm ant htf V.rn
The Thomas Iron Co.
Stockholders arc urgently requested
to communicate with the under
signed before giving their proxies to
vote October 27, J915, for the grant
ing of a four months' option on their
property.
A circular explaining the condition
of the company will be furnished
upon application to
WILLIAM II1CR TAYLOH,
Stockholder
Care of PIIAZIISR A CO.,
13'J bO. 15TII HTIIEBT,
1HILAI)KLI'1IIA
WHEAT : CORN : OATS
Established 1675 Direct Private Wires
Hancock Grain Co.
353 The Bourse
Great possibilities In wheat
Orders executed in futures and
privileges In Chlcaco market
Send For Market Letter
MEMBERS Chicago Board of Trade
New York Produce Exchange
Philadelphia Commercial Exchange
To the
CONSERVATIVE
INVESTOR
Have you availed your
self of tho unprecedented
opportunities now afford
ed to purchase tho high
est fjrade American rail
road bonds which are
daily being sold by Eu
rope at bargain pricSs?
We make a specialty of
this particular business.
Write for Circular 105.
Harvest Tiriae
Great speculative markets have
invariably been followed by like
periods of investment throughout
the country not in securities that
led the rise, but rather in con
servative bonds that had been for
the time being neglected.
We offer
FIRST MORTGAGE
PUBLIC UTILITY BOND
To Yield 5.27
FREE PENNSYLVANIA STATE
TAX AND NORMAL FEDERAL
INCOME TAX
Ebwarb ET-SMiirtii&Co
BANKERS'
EsnsusniD
BlOiO AND CBUTKCZ
PlllUDELrHli
1882
80 Pi St.
Nbw Tow
DIVIDENDS
THE GIHAKD NATIONAL BANK
Philadelphia, October IB, IBIS,
The Directors have this day declar.d
dividend ot elilit per cent. (851), tr. of tax.
payable November 1st. IBIS, to stockholder,
ot record at th close of business Octob.
22d. Checks will b. mallsd.
CWAKLKS M. ABHTON.
Csshlsr.
TUB AMKKICAN GAB COMPANX
West Washington Square,
Philadelphia. Pa..
Oct, , IBIS.
X quarierir aiviasaa oi n ih h
.bare) ba. been declared on th. capital steok
er low company, payacio trc ih, 1.1., to
the stockholders of record at 8 o'clock V. BU
17th,
J.
1B1B. Checks vW be
B. TOWNWCND, M. Trsaswvr.
' j-RANtaUN NATMiWAI. HANK
Philadelphia, October 25, IBIS.
Th. Directors have this day declared a
semiannual dividend of Ktafat () pt tmeU.,
(re. ot tax, paable November I. 118, to
atockholder. of record at the cfe. of busi
ness October 80. Checks will b. mallsd.
E. I. PABBMOllK, Vice President ft OastiUr.
Anglo-Freneh Loan
Italian Government Loan
For particulars apply to
Guaranty Trust tympany of New York
140 Broadway, New York
Total Resource., over ... $300,000,060
or
Clayton F. Banks
421 Cheatnut St., Philadelphia, Pa.
Bell, Lombard" 165
SPECIAL U. G. I. CIRCULAR
DiKKOTOKY er ACCOUNTANT
C1 4 Pum. A Mato
The aUtntloR which U now Ulng glvn U. G. I. and it
varIou coatrolled companlw ha. Cavtd us to pr-He a p
clal slx.-Mge folder touching en all the wlUnt point that n
dwn.r r pewptctive purchr of th wcuritk. shwid Imow.
J ,, . ?" frt " '"t r if yen dre to cowwlt ww
tathHlcal tUfmrtment thr will he M tkvgt foe m.
1EEB A. HMGAN & fft Mt - Trwt buc.. phiu. ,
"" "W1'111 "' Member, of the PhSe? Stock KitchangJ
j
t
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iII 111 lil
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