Sri -
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m
19
11-
fr
EVENING LEDGEI-Pnii;ADELPHlA, SATURDAY, 'AtTGUST 5,
FINANCIAL NEWS
SMALL VOLUME OP DEALINGS ON NEW
YORK EXCHANGE NO DISAPPOINTMENT
4
There Were No Extravagant Preliminary Expectations
Because of Recent Duliiess and Summer Half-Holiday.
Attendance Probably Smallest of Year
High Points of Today's Financial News
The New York statement Showed big increases in both average and actual
loan and increases in reserves in both statements. Philadelphia bank clear
ings percentage of increase was larger than that of any other city in the
country. Price of steel wire was advanced fl a ton. Dig buying movement
in steel expected. Lehigh Valley Railroad earnings were good for last fiscal
year. Commercial failures were reported smaller for the last week. Bar
silver higher in New York and London.
NEW YOIIK, Aug. 8.
Considering tho fact that less than 10,000 shares of United States Stool had
changed hands on Friday and only nbout 4000 shares of Union Pacific thcro wero
no extravagant preliminary expectations In respect to tho volume of dealings In
tho general list In today's short session, As a matter of fact, the attendance of
outsldo traders and of professionals on the Stock Exchange was probably smaller
today than at any time within a year.
The speculative! pendulum Is swinging within the narrowest range because of
tho limited public Interest and tho confusion In sentiment regarding labor prob
lems, the crop outlook and tho political development
Some professionals of experience add to the axiom relative to not soiling In
dull markets, "particularly tyiien money Is easy,"
Tho board-room olemcntTla still convinced that there are holdings of In
digestible motor and other securities that can be dislodged If persistent hammer
lng.nt Intervals Is kept up. On tho other hand, many conservative Interests nro
hopeful of a decided Improvement In tho market for railroad Issues and seasoned
Industrials early this autumn.
Their expectations are based on tho record annual showing of the Union Pa
cific, Lehigh Valley and other lines, tho large Increaso In earnings for July and
tho lost United States Steel report.
American Steel and Wire Company Advances Prices -.,
NEW YORK, Aug. 6. Tho American Steel and Wire Company" has 'announced
nn advanco of 10 points In its prices, bringing wire nails to 2.60c per pound and
plain wlro to 2.G5c per pound. Tho advanco is equal to T2 per ton.
STRENGTH CONTINUES
IN COTTON TRADING
CURB FEATURELESS
IN NARROW MARKET
Prices High, Notwithstanding
Decline From Advances of
9 to 12 Points
COTTON DEI.T WEATHER
Nt:V YORK, Ant. 6 Precipitation wai
reported In the enstern section of the cotton
elt till morning, nnd It was elondy In
the western part. Temperature! were about
normal.
The following temperature were recorded!
aiacon ana Asne
heTllle. 701 Atlanta, 72 Illr-
rntngnam, Meridian nna San Antonio, 71 1
Tampa. Oklnhomn City. Iel Klo. Little
Kpck. Memphis. KnoTTllle and nhvllte,
7B Audita, Savannah, Ilalelgh, Wilming
ton, Corpus Chrlstl. rlhreTeuort. Cialmtan.
IHort rjmlth, Vleksliurg, Montgomery and
Mobile. 78: Charleston. Jacksonville and
1'ensaeola, SO I New Orient!. 2.
There km .01 Inrb of precipitation at
Asnevllle and Stontgftmerr, .10 at Clnlreston,
.10 at KnoxTlUe. .32 nt Meridian, .34 at
Vleksbarc, .43 at Augusta. .00 at Pensa-
ceiat ,ia at .uacont .u at Mit uneani, 1.1
; xa
at
ampa and .78 at .Mobile.
NEW YORK,
Aug. E. Strength was
shown at the opening on tho Cotton Ex
change this morning, prices ndvancing 9
to IS points. Southern Interests, Wall
1 street and commission houses were buyers.
Liverpool Bold with a scattered Bupply
comlpg from uptown Interests and room
traders.
J$AJter the call the supply Increased
slightly, and declines of two to four points
from the Initial levels were recorded at the
end of the first IS minutes of trading.
Weather conditions continued unfavor
able, rains befog reported from the east
ern belt. Cloudy conditions prevailed In
tho West Temperatures were normal.
There was no Incentive from Liverpool
as the English market was closed.
The receipts of cotton at tho ports for
the day were estimated at 6000 bales,
against 6143 bales last week and 1161 bales
this 'week last year.
Tea. close. Open. High. I-ow. Close.
August 13.70 is.70 ia.es 13.70
October 13.80 13.IM 14.04 13.80 14.03
December ....14.00 14.07 14.24 14.00 14.24
January ,..,.14.U1 14. IK 14.34 14.04 14.32
March ......14.23 14.33 14.4S 14.31 14.48
May 14.3B 14.47 14.07 14.47 14.57
July ....14.53 14.S7 14.03 14.57 14.03
Spot 13.90 13.00
Motor Stocks Do Not Show Ac
tivity, but Prices Are Well
Maintained
NEW YORK, Aug, 6. Trading in tho
market for outside securities today was on
an extremoly small scale with price fluctua
tions within narrow limits. At the outset
fractional gains wero the rule, although
later reactions in many Instances followed.
There was no feature, tho trading being
almost professional.
Motor stocks, which were bid up sharply
In the final dealings of yesterday, failed to
stimulate any activity, although prices were
well maintained. United Motors, after an
Improvement of 'i, cased off a point, whllo
Chevrolet, on small purchases, gained about
2 points. Whlto Motors was up a small
fraction.
Midrale Steel was almost neglected, with
only a small fractional change. Aetna Ex
plosives moved within narrow limits. To
bacco Products and Submarine Boat were
unchanged.
Oil stocks, whllo steady, developed little
or no animation. There was a slight in
quiry for Cosden Oil and Gas.
Bonds were dull and a shade easier.
Cotton Buyers and Sellers
NEW YORK, Aug. E. October Mc
Enany, Toung and Prederlckson bought;
Schley, Burnett, Schlfter, Geran, Slack,
Rountree, Newman and Brooks sold.
December Gilford, McEnany, Martin
and R. Hubbard bought; Schley. Freeman,
Newman and Wilson sold.
January Wenman, Young, Hyman, Wig
gins, C. Hicks and Royce bought; Bartlett,
Norden, Sellar. Rosenberg, R. Hubbard,
Freeman and Fllnn sold.
March Kelffer, Freeman, F. Hartcorn
and Brooks bought; Waters, Jay and W.
Qumeons sold.
May McEnany, Rosenberg and Brooks
bought ; Downs and Waters sojd.
COTTON STATISTICS
NEW TORK. Aur. 0. Tho statistical position
of cotton, made. up by Saturday's Financial
Chronicle. U aa follows:
ThU
week
Last
week
I jilt
year
Total visible supply 3.114.334 3,20S,231 4.583,487
Of which American 3.030,334 3.14.331 3.167.4S7
LOCAL BANK CLEARINGS LEAD
.Banks Throughout Country Make Sub
stantial Gains
Bank clearings throughout the country
continue large, the total for this month
being J4.75S.436.334. as compared with it,
17?,93Z,280 last week and 3.630,140,63b for
the corresponding week last year, an In
crease of 35 per cent Philadelphia led In
percentage of Increase, gaining 48.8 per cent
over last year. Details follow;
v loio. ibis.
Ke York .I2.S3H.41S.03 1 II,807,S0.42
INDUSTRIALS.
Aetna. Eiploslve
Amerlcan-Urltlsh Mfr
American Marconi
Canadian Car Co
Canadian Car A Foundry pref. ..
Chevrolet -Motor
Curtlss Aeroplane
Drlggs.Soabury
Kmrraon Phonograph
Flemish-Lynn
Haakell A Barker Car
Hendee Manufacturing
Inter Mer Marina
do pfd
kathodlon Bronzo pfd
Maxim Munition
Manhattan Tranilt
Midrale Steel '..'"''
Oils Eletator
Peerless Motors
Poole Enjr
H S ICmm w I
Standard Motor
Submarine Iloat
Stutx Motors
Triangle Film
United Motori '
United Front Sharlnr
U S U A II com
do pfd
White Motors ....!..T""""I
vtoriu mm
Bid.
. h
. IS
. 3S
. 42
. 60
.188
. 25
. lid
. 10
. l'i
. 34
. 30
. 25
. 87
. 30
: $
. !0i
. r.7
. 31
. so
iS
5ft
:Ui
: $
. 4
. 31
STANDARD OIL, STOCKS.
IUInola
Ohio ...
PralrlApipe
H o of California .
8 O of New Jersey
B O of New York .
OTHEIl OIL, STOCKS.
Coaden A Co ,
Inter Petrol . ....
Houston Oil '".'!
Sapulpa Hon
M1NINQ STOCKS.
Atlanta
Mutte Conner A Zinc
ljutte N Y
Cerro de Pasco
First National
Ooldneld Msrger
Hecla Mining
Howo Sound , ,
Jim Butler
Jumbo Extension
McKlnley Darragh
Magma Copper
Ji'na Co ot America .,.
NIplHlne , . ,
Ht Joseph Lead
Wilt FTnd Con .".!:"!
Whlto Oak ".""I
.ICO
31H
.330
.359
.517
.300
lfo
10
1?
St
3
7
6
847H
74
67
2
)4I
80
BONDS.
Cerro (la ........
Inter Marine 0 .
Mldvale Meet Sa
Mo Pac 4s
da 6s .........
.110
. 04
. 04
..en
, 83
Asked.
K
33
3S
ro
70
103
30
100
10H
1-.
33
33
37
113
3.1
4S
7.
01K
so
100
1oH
S3H
U4
o5i
$
4k.
104
333
2.11
R30
3U4
1?
OH
11
I
8
SB
sa
7 11
uo
14
ijtt
4
144
OSU
04 N,
Phlladelpnfa
HaltlnYoro .
St. Lcjl
New Orleans
lB8.711.40tt
IDS. (133. tUH
43.47 S.70IJ
328 3S3.010
7B.770.477
1.331.32S
ija.siv.aaa .
133.3411,338 4
ao.-j.in.tioi 4-
333,380.440 4-
lt3.37ft,B43 4-
13.761.703
P.C
40.3
38.S
4(1.8
40.4
S0.O
33.4
23.8
Seven (cities.
tive ilys..J3.361.717.3S0 3.428.647,803 38.4
.Other Villas ....
pre day.. 680.4T4.238 B33.4W.tg4 3O.0
Total ill cities,
rrrr 3ays,.Jl,esi.W1.818 .0,MT,1J 38.T
JnCldHy',, T00.344.4BS tiB.0aa.344 23.9
Total iMl eltlea
tor Mdc..f4,''.12.438.a34 t8.BiO.0.33 S3.0
1
lisvcal Iceserve Bank Statement
ThJ condition of the. Federal Rtserv Bank
ot PUlUdelpbl at the close of business August
i coswaxas a follows: ,
f BESOUBCES.
Aur. .
Sold
coin
catss In
and. certlfl-
in vault
Gotd setlleisant fund
balance v.'-. !
G4W rdemUin fsnd,.
Ljal tender notes. II-
vr, etc.
Totat rererve
Coautureisl paper. ....
aUtik aocsptaaees. ....
fctl tllta dUMBOt
4 and &outt....
VI. a. bead.,-..... ..
MatSLiSl VarranU...
lareittosnta. . .
reserve ueies
BatL kV. aad
Fed. rs. bits..
lsvrt
1 10.593.243
14407,000
BD.OOO
iSM.UIO
3.i7
10.437,1) &0
ll.3S3.Us
B.87H.OOO
3-.MT-4U
13.403.413
BOB. 423
los.oao
342. OSa
tm .
LIABlLITIrM.
July S3
piO.2S3.880
18.773,000
BQ.OOO
248.373
21.324,1133
t.Id.708
ll.OID.iOO
ll,53.Oii
4.0OO.UOO
a. 4 10.330
18,410.230
003.S03
72.9SO
SSO.lHd
I43.tl31.243
H&i-." :
f tyM&tt
Ji,3 u;ba tWMMt.W-
4l UKIe- ..."
3B.tlia.WO
4L4JU
f3.2I).ueu
43.42
31 TsTS 9)Wt
H.23S TJ.'
FOREIGN EXCOANGE
NBTW TORK, Ausr. 6. Tho market for
Foreicn nxchango today waa aa nominal
and uninteresting as at any tlms In the
week. Rates were virtually unchanged.
Quotations; Demand sterling. 4.75 13.16;
cables, 4.76 7-16; franc cables, B.90H i
checks. 5.91 W; relchsmarka checks, 71 H;
cables. 71 15-1G; lire cables, 6.45U S checks,
6.46; Swiss cables. 5.28 H; checks, 6.29 H;
Vienna kronen checks, 13.30; cables, 12.35;
Scandinavian .kronor cables, 28.70; checks,
28.80; pesetas, 20.12 and 20.24; guilder
cables, 41H ; checks, 41 7-16,
DANK CLEARINGS
Bank clearings today compared with corr
spondlnf day last two ytars.
IBIS 1013 1914
FblladalphU 139.073.433 24.624.122 t20.lB0.T30
Boston ..... 82.820.801 28,848.768 ......
New Tork,.43o.34.84.J 441.249,713 ' ,",
New York .
Philadelphia,
Boston
Chicago
RATES FOR MONEY
1 Call
......... W3tS
, Commeri
OS1BO
'$&
aper, thrcs to six months, fl
pr cent.
Time
m
bll.
Reserve Danka' Discount Rates
10 or
Boston
New Tork...
Philadelphia
Cleveland
Richmond . .
Atlanta, ....
Chicago, ....
St. Louis....
Minneapolis .
Kansas. City.
DaILss
tiin Francisco
Over 10 Over 80 Over 80
up, to SO. up to SO, up to SO.
H
;: !
4U
i
Boston
Nw Tork. ..
PnlUdelphla .
Airlcul.
Over 0.
o
d I
I
4
Cleveland
nicojoonj .
AUamsi . .
Cntasaa ..
sl tauis ..
ytssMBuUs
t is,sisj f3Kr
J3M 4 ""S
,M : w i a?TrrSifA.sw
s
::!
. B
.. &
m
Tra
Up. to 80.
it
acceptanc.
up to
l
r
LQIO-
caot.
SO to 89.
ami aw,
u. medltr.
is
MT.Scttl
IP
n
lit Ltot,
New York Stock Sales
.. High. lw.
Advanco Ttumely. uyt 1SJ4
Alaska Qd Minos. 194 1
Alaska. Juneau ..8 A
Am Alt. Chem ... 73 78
Am B Sugar , ... S6 8Vi
Amer Car ft Pdy. B7 BtH
Am Hlla A L- prof 51 Vi S4Vi,
Am Ice 27 27
Am Malt ........ 791 7,
do pref ,.40 40
Am Smelting .... 02H dtt
do pref .......111 ill
Amer Zlno ...... 8116 81
Net
Close, chg.
1SV .....
1H Y
8 t
78 y
so y
874 8
iy4 y
27 ..ii
ni
40 .....
02H y
in
am,
H
Am Tel & Tel....l294 120V4 120
1W
W
2SH
70 H y
4 Y.
103 ...,.
71W 1W
81
1
480
83 T6 Tfi
08 2
4S V,
178 17S4 Vi
Am Tel & Cable,, 6214, 63 di
Am Tobacco,,.,., 221 221 221
Am Woolen . .... 42 H 42H 42 H
Am writ pap prd 2BVfi 8V(.
Anaconda Cop..,. 10 70
Atl Gulf A W J... 64 04
Atchison 102 101T4
Haldwln Locomo. 71 70 H
Bait ft Ohio..,.., 84 8i
Batopllas Mining,. 1 .1
llethlehem Steel.. .430 480
Drklyn Rap Tran. 84 83
Brown Shoo pref. 08 08
Calif ret pref . . . 45 45
Canadian Pacific. 17BU
Chandler Motor.. 102 102 102 1
ChlO Mil A St P.. 04 04V4 04
C C C & St Louis 4SU 4014 40ft
Cont Can 04 04 04 . ...,
Chlo R 1 ft Pao.. 18 17 1774
Col Fuel ft Iron.. 43 43 43
Comput Tab .... 42 42 42a 1
Consol Caa 130 130 130
Corn Prod pref . . do oo 00
Crucible Steel.... 07 07 07
Cuban Cano Sugar BB 81 08
do pref 04 04 04
Detroit Edison ..137 187 137
Distillers Secur .. 43 43 43
Krlo 34 34 81
General Electric. .108 107 108
Goodrich Co 70 70 70
Gulf State Stcl .. 72 72 72
FREE TRADE IDEA
WINNING SOCIALIST
PARTY IN FRANCE
Economist Says Drain of
Gold May Make Money
Value Jump
STOCK MARKET DULL
4-iy.
2
Int Harv CXJ pf.118 118 118 1
Interboro Con ... 10
Internat Paper .. 14
do prof 00
Inspiration Con .. 48
Int Nickel 44
Int Mer Mar t c. . 20
do prof ....... 80
Konne Cop 48
Kan City Southern 24
Lehigh Valley ... 77
Lako Erie & West 20
Long Island 3.1
Max Motors 78
Mexican Petrol .. 00
Miami Copper .. 83
Missouri Pacific. 4
do pref 4
Xntl Enameling., 22
Nnt Lead
Nevada Con . . .
N Y N II & H..,
N T O ft W
North Pacific ....
Ont Silver
Penna R R
Itwy Steel Sprg . -
Ray Cons
Reading
Studebaker
Tcnn Copper
Texas Company .
Third Avenue . . .
Un Bag ft Paper.
do pref
Un Cigar Stores..
Union Pacific
03
17
87
80
10
14
06
48
44
20
88
4S
24
77
20
33
77
03
33
4
4
22
03
17
67
20
110 110
7
SS
43
22
01
128
24
101
62
7
40
00
0
03
43
22
01
123
21
101
02
7
40
00
10
14
60
48
44
20
88
43
21
77
20
33 2
77
00
33
4
4
03
17
87
20
1
110
7
83
43
22
04
123
24
101
02 1
77
40
00
138 138 138
U S Und Alcohol. 100 100 100
180 180 180
80 80 86
118 118 118
77 77 77
United Fruit
U S Steel
do pref
Utah Copper . .
Utah Sec
Va Car Chem .
Wnbash prof A
Wostern Union
"Wcstinghouse Elcc 57
west Maryland . . 27
Voolworth 133 135 135
IVlllyB-Ovcrland... 62 61 82
17
30
40
02
17 17
30 30
40 40
02 02
57 57
27 27
1
'
1
Totnl sales, 80,200 shares, compared with
80.900 shares Inst Saturday) this week, 1,300,300
shares) last week. 1,733,000 shares.
New York Bond Sales
Illsh.
11000 Adams Express 4s.... b3
2000 Alas Gold cv Us ser A. us
lfllBOO Anclo-Krrncn 0s UJ'-j
750OO Am r'orelrn Sec 6t lisji
2U00 Amer Smelt Sec 8s ,.1074i
looo Amer Tel clt 4s Hid
4H00 Amer Writ Pap Ba .. 80
2000 Armour Co 4hs 03 Ji
CUOO Atchison ndl 4s :!'-
4000 Atlan (-' Lvclt 4 84H
3000 do 4Hs 89U
10000 Halt & Ohio Ss luilj,
11000 do 4s !io?
1000 do cv 4 Vis 04!i
r.UOO lleth Steel rfd 3s luuh
1000 Ilrook Un Rlv 1st Bs..liiuV.
7000 Can Gov 4s ID'JI.... 00 U
1000 do 1031 Iti0i
1000 Cent Leath 1st Bs ...101'i
(1OO0 Cent l'ac 1st 4s fc
2000 do Kh L 4s KlVi
24IIDU Cent It It S J Sa 11 tl
0000 Chill Copper "a ll'l
1000 Chea II Ohio cv 4',is. 83
1000 Chi 4. Ntvn gen 4a . Itl'i
6000 Chi Mil tit. I-con Gsl07U
2000 Chi II UP rfd 4s.. 72
1000 Del & Hud rfd 4s..., USU
2U0U Krie prior 4a ti.1 H
r.llliri fnrilnim Steel 3a ....1011
4000 Iowa Central ref 4s. . B7i
1000 III Central rfd 4s s
loot) Intern Met
103000 Inter 11 Mai
!tnnnil .lnn.an new t
ouu Japanese new iib... pu
2000 K C Ft B ft M 4s... 7R?
duiiu Kan Uliy ler isi s.
3000 Kins Co Klv 4s....
30UO l.ex Erie Bs
000 Laclede lias 1st as.
rfd 4s..:i SS
4Hs...... 73jJ
ar ct 44a.l0il5
O S44s. So?!
. I
o-sti
.101
Low.
83
UH
tlJU
!1M
1075
Vlh
fcO
U.IJ4
844
h'JV
lti'
tMla
01?
loo's
lllll
0
loos
ioii;
or1;
JS7C
Til
iouj;
7.".'i
tnnn 1 It Kh dah 4s 1028 . .
1000 h Val It II con 4Vis.
2000 Lie ft M T Bs
2000 Lorlllard Bs
uvu uu in ............1T1
1000 Ixiuls ft Nash 4s B4
1000 Manhatun Htu 4s... hO i
1000 Mo Pao cv ct 5i 4d
12000 N Y C ft II 3H s 8Jt
S00O do 4s 1)0
2000 N V C 4 Hud 4'4s.... 82J
4000 N V City 4s 1958.... lOotl
3000 N Y Ky adj Bs 57
3000 N Y Tel gen 4?s.... US
1000 Norf ft West 4s S2'4
1000 Nor Pac prior 4s HI5;
0000 Nor Pao sren 3s OS's
3000 PaclRo Tel 5s lOOVs
1000 I'enna 4s 11)48 00
41000 I'enna en 4Va 104i
1000 Public Herv N J Bs.. 01U
1000 Readlne gen 4s 03
6000 Hep Ir ft S Os 07'i
4000 fet U I M ft S 4s 60s
28000 at I. ft 3 F In wl.... B3
iOOO do cen ct ata 4s,. i!7
1000 do Ser A wl...... OSS
0000 St Louis Swn 1st 4s.. TiiVi
1000 Seaboard A I. ad Bs 64 vi
2000 South nll Bs 11MJH
10000 South. Pac cv 4s M
1000 do cv ret f p Bs lo.v.
23000 do rfd 4s E'a!
1000 South Ilwy gen 4s..., 70,,
4000 do con Ss llllt
1000 Third Ave ad) Bs.... 7$i
00UO Toklo Bs n
2000 U a Realty Ba C3U
500 V a Steel s ( re; Bs .101
19000 Un Railways b Mi.. V
4000 Va Car Chem 1st Bs.. 97H
2000 Wabash 1st 5 ludU
lDOll West Chester Sa 10.VI
1000 West Mdw 1st 4s
ul
II!) S4
uuvi iuu'4
00J 100
124Vs 134Va
JOOJi
.!?.'
1UJU
105i
71
TlK
romosrid with ais.i9..
000 last Hatnrdari this ueek. 813,556,0001 last
Total sales. 8832,000
week. 820.371
LOCAL MINING STOCKS
TONOPAH STOCKS.
. n..k.
MacNamara ...MittMMMt.ir..
Midway
Ulxpab Extension ..............
Montana ..,, ,., ,
Northern Star .......,,,.,..,...
Tonopah Relroont ...............
Touopah Extension ,......,....,
Tonopah Mining
Reseue Eula
West. End
OOLDFIELD STOCKS,
Bid.
Asked,
.si
,00
.SO
.20
.27
"1
.60 .81
.09 .11
,02 .03
.13 .15
.01 .OS
.02 .04
I I
,40 .45
.87 .SO
.14 .18
.75 .78
.11 .12
.04 .03
.04 .05
.11 13
Atlanta .
Ulus Bull
ilooth
IlUltdOST
cop
Comb Ftae. ,
Dlamondneld 11 11 .
Daisy
j?lorncs
Ooldntld Consolidated
Qoldlleld Merger . . .
Jumba Extension . .
Kswanas . . . . ,
Oro .,....
Sand Ksn
Silver Pick
MISCELLANEOUS.
NtTada Hill 14
Nevada. Wonder 2.15
Tecop Mulnx 08
Spot Wheat Steady at Liverpool
LIVERPOOL. Au", S Spot wheat wa
steady today, with Australian quoted at
Us lid nd No. 2 red winter nt 12s lid.
aa advance of Id; No. 1 northern Mani
toba, 13a 3d. a gatn ot !& Com was steady,
with. Amertvarj mixed Ud hlKhcr at lOv 10.
an4 plate unchanged at Ha. fc'tour was d
Xaww, Ht 4J Ci,
:?5
Special Cable to iht Evening XAiotr.
Bv FRANCIS W. HIRST
LONDON, Aug-. 6. The drain of Kotd
disclosed by yesterday's bank return Is
another Indication that money may rise in
value with corresponding; declines In gilt
edged securities. The present tendency may
disappear, but It Is equally possible that It
may bo accentuated by the usual autumnal
demands acting on a market heavily laden
with treasury bills.
The Protectionists nnd their new Liberal
Imperialist allies aro coming to close quar
tern with tho Free Traders, nnd Bonar
Law's first trial of his tnriff discrimination
plan In favor of the crown colonies suffered
severely under a fire of criticism yesterday.
The debate reminds me that when opposing
Chamberlain's tariff reform proposals As
tiulth declared there wore only two poli
cies frco trade and protection. "All the
rest Is fudse." ho added.
In official circles thero Is some talk ot
reciprocal free trade with France after the
war. Tho French Socialist party is said to
have been converted by the war to free
trade and direct taxation.
The stock markets are dull nnd are not
nssistcd by i-o heavy tone of Wall Street.
Hankers, of course, do not like tho Anglo
Italian Bank subsidy, but I hear a similar
one will be given for tho Anglo-ItUBslan
combination.
I referred last week to the results ot tho
war as cxhIMted In the public 'judgets and
llBts or estimates of asualties. The dif
ficulty of picturing the sums spent Is
prodigious. A prominent m&themattclnn at
Oambrldgo has mado nn attempt to convey
the meaning to minds which arc unaccus
tomed to handle mllllors. Ills Illustration
Is ns follows: "It Ad-m were still living
and had occupied himself from creation to
the present time In casting fifty sovereigns
Into tho ocean every hour of the day and
night he would not hnvo Runk ns much
money ns has been expended by this coun
try In the present war."
Sales in Philadelphia
High, tjij.
s Am Hys pr H M
80 C R I & P 18 IW
100 Eleo Stor.. 5V4 M
850 Lk Sup C. 10?4 JH
SIS Penna It It it'A 0
110 Phlla Elee. S"Wi 28ft
710 PUT tr ctfs 18 184
BO Ton Del 4H H
60 Ton Mln .. 8T4 8
too Un Trao . . 4S4
40 Cramp B 7H Mtf
f-Increase). Decrease.
I10NDS
High. I.OW.
$1000 AmGAEIBs. 93Hi V4
BOO C'rls '42CD.101 101
1000 do4s'40cp,10l 101
2000 EI&P Tr4s 80 80
8000 EqlllO 5S.108 106
BOO Phlla El 4s 84 84
1000 Un II InvBs 60 09
Increase. Decrease.
Total sales. 89000, compared with 818.600
last ftitardsri this week. iS40.45O last week.
(224,400.
Total, sales, JIBS hjm. eompsrjd wltti
shares last Sstprdayi this week, 24,022, en
last week. 40,800 shares.
Net
Close, chge.
flH ...
18
H
10 Yt
6y Yt
28 . ....
18 Y
Y H
8
4S
i
d -with StSS
aresi
ravDinnrn armnTjfc BUYING MOVEMENT
TO SURPASS ALL PAST ACTIVITY
Shortage Makes Situation One of Anxiety on the Part $i
. b . . -n . T-.oafcl T.nrtTPlV T?P.cinhn
Manufacturers roreigu x ty0 -"--- -..-sible
Trading Continues Dull
Net
chge.
I i .
Close.
03H
101
101
80
108
84
9
Local Bid and Asked
Today .
Dld.Asked.
Duff A Susa t c 4lJ
do pret oV.
nr ii j u
Haldwln
Kleclrlc Storage
Uonernl Asphalt ....
do pref
Keystone Tel .......
do t c ..........
do pfd
Lake Sup Corp ..,.
I.chlKlt Nav
I.ehlffh .Val ..
I.eh val
NEW YORK DANK STATEMENT
Average nnd Actual Loans Increase and
Demand Deposits Dccrcaso
NEW YORK. Aug. 5. Tho New York
hank statement this week shows an Increase
of )29,C6!,000 In average loans and $33,
891,000 In the actual. Aver ago reserves In
creased (2,298,230 and tho actual Increased
13,005,470. Demand deposits decreased in
both statements. Details follow:
AVEnAan.
I,oans .
Demand deposits
Tlmo deposits ...
llescrve
Loans
Net demand .,
Time deposits
lleserve
Decrease.
ACTUAL.
Increase.
.120,0(12,000
.30.438.000
. nl.SPft.ono
. 1'0.2V8,230
33.891,000
14. 781,000
03,0911,000
3,063,470
LEHIGH VALLEY PROSPEROUS
Annual Report of This Railroad Shows
Gains Over Last Year
Tho annual report ot the Lehigh Valley
Railroad Company, which camo out today,
shows net earnings of $7,666,439 for the
year ended Juno SO, an Increase of 11,343,
994, compared with tho previous year. Total
operating revenues were (47,382,569, being
an Increase of St, 350, 007.16 over the year
1915.
The only decrease in revenue was from
the coal freight department, where the re
turn frnrr the transportation of coal und
coke waa (18,811,099, or (384,655 less than
the year before. Transportation of mer
chandise produced (20,366,250, an Increase
of 27.23 per cent over the preceding year.
Tho earnings from passenger trainc were
S4.300.1SJ. an Increaso ot 6.31 percent The
number of passengers carried was 6.745. 080,
an increase of 1.538,114. Notwithstanding
the expansion of the parcel post, tevenue
for transporting mall decreased (910. and
for carrying express Increased (224,339,
BOND MARKET REMAINS DULL
Demand for Municipal and Territorial
Securities Continues
NEW YORK, Aug. 6. The dullness In
the bond market usual In mid-summer which
characterized the month of July became
even more pronounced In the week Just
ended. This development was coincident
with successive declines in rates tor money.
Fixed date funds are now down a full
1 per cent from the level of the sporadic
flurry of about a month ago and prime com
mercial paper 1b now down to a maximum
half per cent below tho level prevailing
about two weeks ago.
In view ot the generally appreciated fact
that the wealthy Investing class Is now In
very slim attendance In the large cities of
thu country owing to vacations the dullness
of the bond market as a whole does not call
for comment.
The demand for high grade municipal
and territorial bonds which marked the
month of July continues on the cqntemplated
change In the income tax Incorporated In
tho new revenue law.
s. 37 it 8. 39
8.41UH.48
8.5008.6'.!
s.saos.ss
8.89 08.70
NEW YORK COFFEE SIARKET
NEW YORK. Aug. 5. The market for
caffeo futures opened quiet, 5 to 7 points
lower, on selling for foreign account. Trad
ing was moderately active, with sales on
the call 6500 bags.
At the end ot the first hour the market
for coffee futures was quiet and unchanged,
with a little selling for foreign account, due
probably to a slightly easier feeling In the
Brazil markets. Trading on the exchange
has recently ruled so light that there has
not been much Incentive to attract outside
support and fluctuations have held within
a comparatively narrow range. There was
a fairly good demand for spot coffee, with
Rio No. 7 quoted at 9!ic.
Ooen. iffieh. Tj.w t.
o . . o j.ii. .".7.'- r-"' -.
ovyiviuucr .. a.JOli'O.aa O.tU B.BH
October ...,8 40 .... ,,
lcember ., 8.4808.51 .... ....
January ,,,, fc.ss
March ..... 8.8968.70 8.70 8.70
May ........ 8.7908.80 8.80 8.80 8.7fifiN sn
Total sales, 6000 bags. --.--
Foreign Exchange Market Dull
NEW YORK, Aug. 5 In contrast with
the previous week, the market for foreign
exchange In the week Just elapsed showed
little feature aside from extreme dulnesa
and steady tone, There) was a ripple ot
strength In Italian .exchange, and francs
shaded a trifle. The most Important fluc
tuations were declines ot 10 points In Scan
dinavian kroner, 7 In pesetas and about I
In rubles. For the second week In succes.
sion there were no gold Imports. The state,
ment that an Incoming steamer had brought
In 13.00t).000 ot the precious metal was
not borne out at the assay ofllce of the
Subtreasury. hence thu Impression that the
Importation referred tc consisted chiefly. If
not entirely, of securities, gained ground.
The local time money market showed suc
cessive declines, leaving little trace of the
flurry ot several weeks ago.
Copper Market Continues Firm
NEW YORK. Aur B.Flrronsj con
tinues In the copper market with domestic
consumers and foreign Interests Jnquirinr
for. round amounts of the metal. Leading:
producers and dealers are quoting from
21 to 87 He for the last quarter delivery.
rUthougb. there, are retina that some metal
f available at 38 fe.
;n vai
An rtrmf 42
Penna OJ't
Phlla Wee M1
Thlla Co 40
do B per cent pr .. J7
do 0 per cent pr .. 30
Phlla P.T t c 18'4
Heading- 3Js
S 13-18
Tonopah Delmont
Tonopah Mlntnc.
Union Traction..
U O I
17 S 8tel
Tork Railways .
do pret .......
tVm Crstnp to ..
Testerdar
. Did, Asked.
ou SH O"
GO R4tt (0
C S 4.
:::::: lh itf 88 Ih
Wg Si?K KB
18H I4H l:m H)
18i 14 IsC 14
B8 00 OS Of),,
10'i 11., 10J4 10J4
74!4 7BU 74 W 75ji
77., 77ji 77., 77,W
n.tt m i i. n,1t Mti
t .71 . ...
42M 42 "ft
rs6J r..i aoh
JB 28H 28H
4HH 40 404
80, 37 , 81)
40T 89H 40
i)i mtf io, ,
44 04 , K4U
$ 4H 4U
njt r,i 3t.
4.tS 4.m 44
87Ti 87 H 87H
h0s nil's nu
l.i u in
37 8054 37
73 73 73
41
87H
80 s
, 14
, 72
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WHEAT Receipts. 120,443 bush. The mar
ket further advanced 2c under fairly nctlve ex
port demand nnd stronrer outside advices. Quo
tations: Car lots. In eiport elevator No. 2
red. spot. 1 1. 33 1.88: No. 2 aouthrn red,
I1.3391..10: steamer No. 2 red, 81.3201.33:
No. 3 red. Jl.32Sl.33: rejected A, Jl. 20O1. 32;
ret.rtprf It. 11 .57(11. 30
COHN Receipts, 70,539 bush. Trado was
inlet, but orterlngs were light and the market
ruled firm nnd '4 c higher. Quotations: Car lots
for local lrnd. aa to location AVeatern No. 2
yellow, 03O08Mc: do, stenmer. yellow, 02
IC'Hc: do. No. 3 yellow, VOtpOO'.ic; do. No. 4
ollow. S7W88C.
OAT8 Receipts, 40.034 hush. Tho market
waa lc higher under light offerings and stronger
outsldo advices. Quotations: No. 2 white, rlG
OlUc: standard white, &0O3OHc: No. 3 white.
4SVi04O,.4c; No. 4 white. 46047c; sample oats.
13944c.
FLOUR Receipts, 707 bbls. and 874,141 lbs.
In sacks. Trade was quiet, but mill limits wero
firmly held. Quotations, per 100 lbs. In wood
Winter, clear. J3.2303.78: do, straight. 13.73
0.2S; do, patent. Jri.23B8.30; Kansas, cleitr,
cotton Racks, J5 4003.70; do, straight, rotton
sacks. IS. 0000.25; do, patent, cotton sacks,
Jtl.2AO0.S0: spring. Itrst clear. 13.500(1; do,
straight. J0O0.40: do. patent. J0.S0O7; do.
favorite brands. 17.2307.70: city mills, choice
and fancy patent, 17.2507.70; cltv mills, rrc
ular grads Winter, clear, J3.230.1.73; do,
straight. J5.7308.25; do. patent. jn.23On.B0.
RYE FLOUR sold slowly but ruled srm un
der light offerings. We quote nearby at 34,609
0 per bbl., and western at J3.2SO0.
PROVISIONS
There was little trading, but values
wero ateadlly held. Quotations were as
rotiows: city beet. In sets, smoked and air
dried. 28c; western beef, in sets, smoked. 28c;
city beef, knuckles and tenders, smoksd? and
alr-drled. 20c; western, beef, knuckles and ten
ders, smoked. 20c; beef hams. I28O30; fpork.
family, 327.03 28; hams, S. P. cured, loose,
18U18Vic: do. skinned, loose, 1OU01U4C;
do. do, smoked. 20 Vi 20Hc; other hams, smoked
city cured, as to nrana ana average,
do. hams, smoked, western cured.
boiled, boneless. 34c: nlcnto shoulders. B. 1
cured, loose. 14c; do. smoked. 15c; bellies. In
Pickle, according to average, loose, 10 He; break
fast bacon, as to brand and average, city
cured. 21c: do. western cured, 1032Oc; lard,
western, refined, tierces. 14 He; do. do, tubs.
11 He: do, pure city, kettle rendered. In tierces,
14hc; do. do. In tubs, 14 He.
REFINED SUGARS
The market was quiet but ateady. Refiners'
list prices: Extra fine Kranulated, 7.4o7.03r:
powdered. 7.557.75c: confectioners' A, 7.350
7.53c; soft grades. 0.7CO7.50c
DAIRY PRODUCTS
RUTTER Receipts of fancy stock wero light
and tho market ruled llrm, but trade wns quiet,
as usual on tho lsst day of the week. Quo
tations: Western solid-packed creamery, fancy
extra nrais, tfc;
nearbv tirlnta.
fanev. 33c: da. n,riee extrs. R filter. An rirata
28030c. econds 27027hc; Jobblns sales of
fancy prints, 3tl03ttc.
KGQH strictly line eggs met with n. good out
let and ruled firm. Quotations; In free cases,
nearby extra, 20c per dor.: nearby firsts, 17,81)
per standard case: nearby current receipts. J7.33
07.03 per caso: Western extras. 23c per dox. j
western extra firsts, J8.I0O8.40 per caae; do,
firsts J7.5UO7.60 per rase; fancy selected can
dled fresh eggs wero Jobbing at ,130d4c per doz.
CHKEaE Tho market ruled firm under light
offerings and a fair demand. Quotations:
New York, full cream, fancy. ICUOluHc: do,
do, fair to koimI. IOVsOIOc; part skims. 0014c.
POULTRY
LIVE Fowls ruled firm, while chickens were
freely offered and Irregular In value. Quotations
Fowls. 20021c: roosters. 14015c: sprlna- chick
ens, according to quality, welshing 14 (fl lbs,
and over apiece. 21022c: smaller sizes. 10020c.
white Leghorns, according; to quality, 18O20ct
ducks, as to alio nnd quality. IBOlfc: pigeons,
old. per nalr. 25028c; do. vouna. per pair.
DRESSED Fine dealrahla-ilieil ilirt... b.t
well cleaned up and ruled firm. Quotations; Fresh.
lOHc;
lOHc;
specials 32c; extra, 30031c,
firsts. 28c; seconds. 27027Kc
f.,..vw. ui j.yit.n, iwa. a iu vox. ary-pacHeu.
ancy selected, 23c; do. weighing 4Vs OO lbs.
apiece. 22v4c; do, weighing 4 lbs. apiece.
22V4c: do. weighing Sh lbs. apiece, 22c; do.
welzhln 3 lbs. anled. L'nfslf. irnul. in
..ov4c; no. inaiana, large. 24U
'A2??'0' llro"e"o-Ji.her ntarby.
2 lbs. apiece. 30032a: hroll.r.
slier sizes. 27tl29o: rfcrb, a,h.'
Wh I. ..(.(.!
bba,, ice-packed, fancy, dry-picked Northern Jn
dlana and Illinois, weighing 4 OS lbs. apiece.
22c: do. southern Indiana and Illinois, w.lrhlnu
4 lbs. apiece. 21Wc: smaller aiies. 1802UC. Old
rovtr. urj-i--Kru. wk uroiung chickens,
liiiuuia. larsv.
2&c; au. at
sey. fancy.
weigninz
nearby, am
sprtnsT. IV0200: squabs, per do
lag 11012 lbs. per doz. 13.23OS.50; do. whTti,
welshing U01U lbs per dos.. J4.30OS; do. white,
weshni 8lbs per dox.. ji SoJfsSO; do," wh te
weiBhina- 7 lbs per dog., 1303.80: do. whitel
dark. J22.S0; do, small and No, 2, 75C011.23!
FRESH FRUITS
Choice stock waa In fair request and values
generally ruled steady, under moderate offer
Ings. Quotations; Apples. Delaware and Mary.
Und. per hamper Fancy, JIU1.S3: fair to good.
33075C Lemons, per .box, J0O7: pineapples.
per crate Florida. 11. 5003. 50; cherries. New
York. sour, per 8-lb. basket, OOOeOc: cherries
eating varieties, per 8-lb. basket. 60O8&O.
Feachea, aeorgla. per carrier Uelle. 32,50 03)
Elberta. 12.S0OB:. Carmen. I1.2301.7S: Maun.
tain Rose, 11,7502. Cantaloupes. Delaware
Norm
It da
drapes.
11.23
1150
tain Rose, 11,7502. Cantaloupes. Dels
and Maryland, per crate. J101.7S; do, !
Carolina, per standard crate. SOcO 11.23
North Carolina, per Cat crate. S0O4UC Or
North Carolina and Delaware, per crate.
VI. nu; watermelons, southern, per car,
VEGETABLES
The general market waa quiet and without 1m.
portant change. Quotations: Wblta potatoes per
M. .M. ... UUV.V. ..,W.e.d
:.25; No. 3
Eastern Shore. 7ScOl; No. 1 Norfolk. 11.600
,.ui,u,M, -Mb. nunc iwiatoes. Jer.
ey. per basket. 40043c Sweet potatoes. North
'aroilaa per bbl. No. 1. 13.5004; Ko. j" ij
92.73. Onions Jersey, per basket. 75cOJlt
'nusivauiA. vvr muuer, ii,DUI 10. do
r 100-lb bag. J2.7303; do. Virginia, per
, J1O1.50; do. Iowa, per 100-lb W. titj
Eggplant, Norfolk, per crate ISO 2.30.
1.75; No,
aey. :
Carol
62.1
do, Pennsylvania, per hamper, 11.2501 75. da,
uv, per ivih
basket. Jl
3.23. Eggplant, Norfolk, per crate I
Cucumbers. Norfolk, per bbl.. J1.50O2; do. do.
Kstet. 60Q. w" " " "
HVE STOCK QUOTATIONS
, CHICAGO. Aug. 0 HOaS Receipts. 10. 000
i&- rt trt,i .JU?.1"1 ni butchera. 18.50
g 10; good heavy, I.80t0. rough heavy 18.00
isfiotia.fs.' ,8io0,O: oUw- -80O9.2a- VSR
. CATTi-l!.' Receipts. 1000 bead; market
!,.,,JL. - 10.45O10.24i cow and belfsri
14.7808.40; stockera and feeders. SS&'sS
Texans. 17. 1008.40; caUes. 110.2301260
bllEEl' KecelpU. 5000 bead; market si
, bieeiw neceipu. sooo beadi market stress:
oVU'o11 W"UrU 08-40i UtntV, ll"o
NEW YORK BUTTER AND EGGS
. liBW J?R.K- Alar- BUTTER Pric. wtU
sustained but a very qulst tradsfor the dav
Receipts were V5SS. Price uncbinied. "
.jj. u.v m uwr gooas
nrco. Avsrago ua sower gri
uiar who. a ceaipaxauvei:
Rscelpts. 12,505. Ytsten
ensngta.
There -were mnny features "'Jt"ln
the steel mnrket during the Pt week.
Opinions of the largest nuthorltles In tho
trade were heard of a pronounced buying
movement to surpass anything thulr en
countered and this, coupled with Jh3 actual
shortage of steel, makes the itujlton one
of anxiety on the part of the tnianufactureri.
Although there has been much '
easier conditions In the trade, alt Indlca
tlons point to hardening, as wJ evidenced
by the advance of U per Ion In bars nt
Pittsburgh and an upturn of 1 a. ton in
Bsssemer billets at the same steel center
In comparison with the advance In bars
It is stated that the lending maker, the
Carnegie Steel Company, Is booked vir
tually full for nearly a year, with large
Inquiries In the market, especially from
agricultural Implement makers who de
layed the placing of their orders until re
cently and are now facing the possibility
of nn actual scarcity, not merely because
of the sold-up-condltlon ot the makers, but
nlso due to the lack of steel to meet the
requirements. .
The renewed interest in me ""
been brought about to a great extent by
the activity of foreign Interests. Not only
are export orders available, but tho large
munitions contracts which have been
placed here also have brought In a renewed
demand from war order concerns In this
country. Those munition makers, who nre
nctually steel manufacturers, naturally are
In a better position on their work than
others who have been forced to enter tho
Bteel market, and the greatest efforts will
bo necessary to take care of all tho busi
ness offered.
It Is known that many consumers In
this country have not covered their re
quirements lor steel on business booked, nnd
shell steel plates, bars and other articles
nro wanted In largo quantities. Theso or
ders must eventually be placed, nnd the
efforts already being made lead to, the Tm
llcf that a serious situation Is flhtely tsi
develop before tho matter Is ndjustlat1s
fY.otnrllr. Vf
Steel buying by Europe either dlfen or M
becauso of war orders placed here Is tares tm
ahd will continue to be, but thero Is aM
nn nlinnrmnl demand from regular flnivi...
sir. itnorn. It Is the opinion of the best ati.
thorltles that the railroads must come Into!
the market sooner or later lor equipment,!
as th3 cars nnd locomotives of tho carrier
nre being taxcu oy win uuuvy movements
or ireignt wnicu ia " ""' ""tuuniered.
It Is likely that further advances in prices
will be mado In tho near futuro In Various
products, to follow uars una Diuets. In
fh onlnlon of tho highest nuthorltles wife
will bo the next to move upward, and It
Is considered rainy certain tnai n. rise ot
about two dollars a. ton was announced
today.
Trading on the Philadelphia Stock Ex
phnnire was virtually nt a standstill dur.
Ing the hort session today. Thero were
but few changes In prices nnd these were
r.nriinnnl Rome interest wns nttrnrt.,t
to Lake Superior Corporation through the I
discussion of the posBioiiuy or me 11
months' earnings statement, showing a big
Increaso over tne previous year, nnu this
otnrXr pnlil 111) Vt.
Philadelphia Itnpld Transit trust certifi
cates remained uncnangcu nt is ft an!
United Hallways Investment 5s sold un
changed at CD. Union Traction was off a
fraction.
Pennsylvania was up a fraction. Elec
tric Storage Battery lost U and American
Hallways sold nt 08,4, yesterday's last
price
About tho middle of the session Union
Trnctlon went off a point, but before the
end It had recovered half of the loss. Rapid.
Transit trust certificates gained a quarter
Jur before tho close, going to 18i.
WHEAT MARKET OFF
ON PROFIT-TAKING
Drop Comes After Freah High
Levels in Early Trading.
Corn Stronger
OHATN I1CT.T WnATIIEB rOISKCAST.
t'HICAOO, Aug. S. The weather fore
cast for 30 hours follows! ... ,
Kansas, Missouri nnd Nebraska Gen
erally fair nnd contlnneti warm.
nna Illinois i-arnr ciuuuji iv
Inwn
m,jI. nhnnw In l.inn.r.lllM.
North nd Houth llnkotu Showers
wnrroer. . . .
Minnesota Unsettled.
and
BAR SILVER
- B" 1,t2"lBi WUJ to ton today t
Coomerelit Jjjur ittTor u &cte4 la Kiwi
CHICAGO, Aug. 5. Profit-taking by pro
fessionals sent the wheat market off this
morning nfter fresh high lovels for the sea
son had been established in tho Initial trad
ing, when thero was continued buylni due
to further bullish crop news from the North
west nnd Cnnada.
September started at 11.36 to I1.3GU,
ngainst J 1.3 4 H at the closo yesterday, but
dropped to $1.34 U ; December ranged from
S1.39U to 11.39, ngainst S1.381,,, yester
day's last price, but fell to Jl.J7i : May
ranged from $1.45 to $1.44 at the start,
compared with $1.43 at the end yesterday,
but broke to $1.42.
British Interests look forwara to the re
port of the United States Department ot
Agriculture on crops which will be issued
at the close of business next Tuesday with
considerable Interest. They still contend
that Injury to tha spring crop has been ex
aggerated. After showing strength at the start the
market at Liverpool softened on expecta
tions of free offerings from India nnd
hiavler shipments from America, although
nervousness was not entirely eliminated.
The receipts here today wero 224 cars.
Corn opened stronger on lack of rain In
the West, although there were a few scat
tered showers and continued high tempera
tures. Some profit-taking occurred. The
market at Liverpool was steady. Tho
receipts here today were 198 cars.
Oats started Arm. The receipts here
today were 393 cars.
trading- futures ranged as follows:
Wheat
Open.
Sept.... l.Sd
Dec l.DUU
Alajr.... 1. 43
Con
Sept,
nixh.
1.30
1.3!U
1.43
orn (new delivery;
floS 71t4
73S 744
BO
Doc.
May...
Oats
Sept... Dec. . . .
May. . .
Lard
Sept...
Oct....
Itlbs-
Sept... .13.00
Oci....18,85
Pork
Sept....:
Bid.
.12.02
.12.03
45li
48
61
12.05
12.07
13.70
13.42
TAW.
1.83ft
1.30
1.41H
8 Hi
no
72S
44
2.00
2.00
Tii'ilav's
Closo. close.
l.a:
1.3SS
1.40S
83
-i
tor
mi;
13.00
18.35
tl
03
12.07
18.70
13.42
;i.3-H
tt.avt
1.43
son
rtSJ,
t72
43?i
I4,,!e
tis.on
12.B7
18.57
J13.23
5.00 23.23 24.02
tAalced. INomlnal.
23.23 24.07
Financial Briefs
Comparative results of railroad earnings,
ns reported by the Financial Chronicle for
the third week In July, show gross earn
ings of 35 roads aggregating $14,651,530,
compared with $11,557,176 in 1916, or an
increase of $2,994,355.
Operating revenues of the Merchants and
Mlnera' Transportation Company for the
six months ended June 30 were $3,023,109,
compared with $2,407,381 for the corre
sponding period In 1915. Net operating
rovenue increased $191,511, Gross Income
for the perldu was $G!0,203, compared with
$437,724 the year before. Increaso In net
earnings was $159,6(3.
Commercial failures this week In 'the
United States were 274, against 284 last
week. 289 the preceding week and 316 In
the corresponding week last year. Failures
In Canada numbet 21, against 28 last week
23 In the preceding week and 48 last year.
The New York Subtreasury gained $1,
321,000 from banks on Friday,
Preliminary statement of manufactures
of the United States In 1 914, compared with
1909. the census periods, Bhow $24 "46.
323.000 value of products In 1914, against
$20,672,053,000 In 1909, an Increase of 17 3
per cent. Capital Investment Increased 23 1
per cent.
RAILROAD EARNINGS
TEXAS AND PACIFIC.
,UK.,rJi" ....., 11,458,834
Net after tax ....," 22 004
Twelve rnontba" gross .. 10.1SG H.vl
Net after taxes .... 4.410.as
WESTERN MABYLAND,
""nth , B34,34g
NORTHERN PACIFIC.
vn?V.S-J i"T $1 .0S8.000
J-rom J"1"' 1 6,818.000
DENVER AND SAW LAKE,
viomeI,nilUlf '" f40.000
From July ,.,,, 110.309
CHESAPEAQE A OHIO.
June gross 14 ""H 8j
Net after' U V: 2 5S2.7S7
Surplus after charges., 880 ill
Twelve months' gross. 48.23K 5ta
Net after tax 1!4E sis
Surplus after charges.. Ksitt'H
Inereaae.
1137.815
23H.H53
1,212.218
1.184.038
180,881
101,1118
I21S. 000
1.209,000
18.332
U'.ltJS
I0W. 873
444,463
489.308
8.774,975
4.542!20tf
4.218.078
DIVIDENDS DECLARFn
United Drug, regular alurteriv tu .
second Pielerrel sayiblI,rBeDt5iri?ricnl
ock ol rftira August 157" "epiemoer 1 to
on
Stock
Charle J. Bender & Co.
INVESTMENT BOND3
t'SnoTiltilfU' ,'',c,, Btelui,
"WM" rvnJCJIWAW BLDCJ
i5?XOSL0FJlOrMUKjASTa
Certlted fnhtit, AcMtau
1
$100 BONDS
Duo. P.C, TUd. Aslcec. 'H
rrovlnce of Albertn .... 414 1024 04i .. M
Am Tor H-c Co 3-yr notes S lOlli H C9 W
Ando-Frcnch 5
Argentina tlnvcrnmcnt . .
City of llnltlmoro. 4
City of CHI liar Con ... 4
City of New Orleans Imp J
11 St o. () & li Knn 1st
1U2I) H5V4
104.'. KAK
1002 ONH
Cliy it New Orleans Imp J 11.20 100 10
citv nf Vancouver .. Ay$ 1 123 n.T , ciu
New York at? ee $ 1JJ03 07H lojg
New York Cltv reir 4 1 12,, luJH
AU A Vlcks 1st con. ... 0 1121 S'A ..
Cen Vf Ilv 1st res
C It 1 Un liti. .. ...
a M & St 1 cen rfd con
C M & St P.conv ......
Col ft So ref & Vt"W
Krli pen conv series D.
T V fnn rnnv flell .....
N Y & Or I.nko (Erie) 1st
N Y N 11 & II cv tleb ctfs S'A
N X n It u n cr uou rv
Nor West 1st con .... 4
Sen Air I.lne 1st & con.. 0
So l'ac. Snn F Term 1st 4
Vlrglnlnn Ity 1st -s J
Am Airrl Chem conv deb IS
Am ice BreuriuiH ""
Am TAT col tr ctfs..
Am T i T conv .......
Hoth Steel 1st A rfd ...
Central I.entherlst reg
Chea : I'ot.T.Co 1st...
Com r Hy VI con ....
Den Oss A Elec 1st ...
,.nMA.ni l.-l.-ti.f- ,ln ...
.m it-.., l.wr rnnv deb tl
T.ork Hteel 1st con 0
laclede llus 1st ........
Wgsett & Myers deh rec 7
I.lggelt ,ft Myers deb rec 5
1' Lorlllnrd tie h rec .... 7
P Irlllard deb rec .... 5
I'lercx Oil conv deb ..... 0
Mon Power 1st A. rfd.... 6
N 1' Air Urnko 1st conv 0
Wis Edison conv aeu
lli.-.d lis
1H20 miH
1022 1)11
2014 106
10.12 101
11135 H3
l'l.l.'l 84
11153 112
10411 00
11)58 70
101H 111
limn nsU
ilk
ill
ti
r
r.
ii
r,
3Vi
II K
US i
07
HO
Bid
Si1
tIB
84H
1)9
0
1045
1050
11)02
11)21
11125
lll-'n
1113.1 108
1042 100
11I2.'i 11)11
11143 07
11)1S 101i
1040 071
1025 HM!4 100 .
1050 02., 9311
1U1! 1WIIH
1044 123
1031 100
11114 125
11131 100
1024 K2.,
11143 l)7H
11)28 102
1024, 07
l
"8
M'
93-t
in
M!4
3
!)
Little Activity in Sugar
NEW YOItK, Aug. B. Thcre was not
.nv. intifitv In Rittrnr fnaturcs at the ooen
ing today, due to the closed raw and refined '
markets, ana tne irsi ota jjritco on uw
exchange showed declines of 3 points to an
advanco of 3 points, with first sales total
Ing GOO tons. "Wall street covered for over
the week-end, but It appeared to be a holl
day market, with little Interest in the trad
ing cither way.
1
GOVERNMENT BONDS
2s registered. 1030
2s coupon. 1030 ......
Ss rcKistered, 1018
3s coupon. 1018
4 s reKtatvred, 1025
4s coupon. 1025 .--.vi"
Panama 2s. registered 1030.
Panama 2s, registered 103S.
Punama 3s, registered 10U1.
Panama 3s. coupon
Illd.
.. 08Vi
..Wi
..looV
..ioo)T
..iooS
..110
.. osyi
.. 08'
..ion
..lnivi
Askes.
98
RELIGIOUS BREVITIES
The French Huguenot churches. In severs
straits on account ot the general devastation of
eaieu
the war.
have
to the American
Ann
Mmn-h.M fnr hln. Their rlelecnte. Pastor ROUS'
sel, recently took home u gift of something mors
....... n ttt n.,,4 nmv Ih. Dav Phflrlll fl. StSC
farland. cenerul secretary or tha Federal Coun-
ell. reports that he has obtained nearly $23,000 b
more, which will b conveyed to the trench I
churches as an eipression ot tne anecuon u
Christiana In America. The Federal Council U
endeavoring to rnlse about 3150,000 for tht
help of their brethren In France.
Rev. Heber II. Deadle. who hn served ths
Second Presbyterian Church of Rrldgeton. N. J,,
for 60 years, has offered his resignation because
his health la not aa robust as formerly. Mr.
lleadlu Is at New Hartford, Conn., where he 14
recuperating. He will ba pastor-emeritus of tne
church.
The following ministers will supply the pulpit
ot the Olivet-Covenant Presbyterian Church for V
August durine tne aosence or tne pastor. iam
Hev. Dr. Matthew J. tlyndmam August 0, tb
Rev. Henry a. Maeder; August 13. the llev. Dr.
Clarence U. Reynolds, I). D.s August 20, the
Rev. William llUserstaft; Auguat 27. the Rev,
Or. David Winters; September S. the Rev, Wil
liam M. Schall.
The gallery, for which there were not suffi
cient funds at the time of the erection of the
parish houan for Ht. George's Church. .West
Philadelphia. Is now being built. This will give
the rople of St. Oeorge's Church a very com
plete house tn which to da lis work. Tha rector
hopes soon to be able to erect a vestibule at tb
front entrance of the church, which has not been
In use for several years because nf this lack.
Rhlnelander and his family are Io
Portland. Me., where they will be during the
summer. Bishop and Mrs. Ourtland bave gone
to Canada
Dlshop
nd.
When in Atlantis City,
over tsunaay i
C0.MK and ENJOY the
BOARDWALK
CHURCH
conducted by
Robert Arthur Klrrood
Illjou Theatre
(Roardwalk below So.'h
Carolina Ave.)
Elcll-B!fPa"' .morning
10:45 o'clock
Seats Free All Welcome
Come early for a 84
SSty
m
REI.IOIQDH NOTICES
Baptist
C,"S.TJfU.T STREET H.UT1ST CHURCH
"Aits. u. u.. t'astor.
OEORUB D.
-t a. ns.
10 M a m.
W. B. Sinn
Urothrhrwwl nf A ami T
-Worship and sermon by the Rlf.
D. D . of Rochester. Pa.
Brethren
K.,iS.ir)o !?)r. C.r"la and Dauphin ats.
bunday School, 10 a. m.
ftfi'l'f i.1 "" "" 5 p. m.
Prayer Meeting each Wednesday evening.
lllseellaneoua
"rS.iiEET'Nas
., The Large. Tent
conducted by J. a. Washburn and 1L U. "-
oa4 "Sf" very night
dUl.UAl. AUU
0. 70 p. M.
RSJiS3 ll1' uVILl hu' orltnThU work: bU
iS?,' I?i' cremation. Why was sla vf
BubJect-SpIrltualUm? li It of
ths Dtvilt Can the did return t
Bervteea every nUbtT Tent ab
Sk.WlJUn?ntlrttedwitU iu
mlttedl
. . . . MONDAY
ruJ,5-?l'irtu'l'a. U It of God, Man W
absolutely water-
et.7;S.r" ,1"tui,T Jutmea vritn electricity. o"
lortable Stfjita. ilt-v .aw.!,,.. m7.V -h ,..)Mn
lit. -"Cr,.- " '"O W"kt t cark.. Two
floo. "" from 52d at. sUyatsd t-
BENEVOLENT ABhOClATlONS
1&fd1VVh7,,T1.?-N An. ii.
tomm&mFm
VlWDiCi,
ICsj-iiiA-.