EVENLNG LEDaJEK-PHILADELPHIA, THUBSDAY, AUGUST 10, 1916.
1?
FINANCIAL NEWS
fflRlSK
DEMAND FOR STOCKS MAKES
HEAVY PROFIT-TAKING POSSIBLE
Wrading te Active, but Foreign Selling Orders Nullify for
a i ime n.iiy x uruier limuence Jb'rom Kail
roads' Mediation Plans
High Points of Today's Financial News
United Mates Steel Corporation reported decrease of i6,866 tons in un
filed orders in statement as of July SI. Norfolk and Western earnings state-
nt for June and IS months showed biff increases. New York bankers ex
Zcttd a large British loan" to , be issued soon. Interstate Commerce Com
mission suspended proposed increased storage rates on grain made bw
railroads with tymmals in New York. American International Corporation
olficial denied that that company is arranging either a large or small loan
'r the Chinese Governinent. Several companies declared extra dividends.
Bar silver lower m New York and London.
NEW YORK, Aur. 10.
rrhr wns nienty of activity to the trndlnrr on the Htnclr mnrit ,,i. ,. ui.
i - hTtsk enough demand In the forenoon to permit Bomo heavy pront.lftklmr'FnlrB.
At the Bim time foreign selling orders were reached In many of the stocks with
l ftn jnternationai iinunni "" mu ujpiy jiuih iiicbo sources nuiimea ror the tlmo
the further appreciation of the Importnnco of the settlement of tho railroad trouble.
; TVftU Bireel considers the differences between tho rallrond employes and man
f ,rs as being eliminated from tho speculative situation, and as far ns can bo
t learned banking Interests have already, arranged for tho expenditure of liberal
(.mounts of money In tho Improvement.
Further evidence that disposition hns boon taken was shown In tho fact that
VnVs and Institutions have again appeared as buyers of short-term notes, and
' it Is only n step from this demand to tho purchase of now railway bonds.
' Financing for many of tho largo railway systems, which haa been renro-
I .nted for a long time, may bo looked for in tho near future.
t Cmi .. .. ... ...,. ...... .JI..I.I .1 , -m.i . . .
Tho declaration oi mu ubuuh umuenu uu union x'aciuc aiso nau nn lnnuonco
In cheeking bullish operations for tho time, but back of all the various lnccntlvo
for a, reaction was tho fact that advanco since noon yesterday was too hurried
snd extensive to bo maintained.
The next upward movement will find less of a supply both on domestic and
foreign account, but when another upward movement begins It will bo far moro
orderly than that which marked yesterday's late trading. United States Steel
common, which reflected tho forolgn selling tho greatest extent, still hold tho day.
materially above Its recent lovel, and tho same thing Is to bo said of Reading after
lta reaction from 108 this afternoon. "While tomorrow morning a now bullish
incentive will bo furnished in tho publication of a wonderful showing of American
Locomotive for tho fiscal year rendered Juno 30.
torfsolldatod Gas was exceptionally strong becnuso of positive statements
that tho Substantial 'extra dividend representing accumulated profits of the Edison
Company will soon be declared.
I Extra Dividend for Harbison-Walter Refractories Company
' PITTSBURGH, Aug. 10. S. Harbison-Walter Refractories Company has de
clared an extra dividend of 2 per cent, together with tho usual quarterly dividend
tt VA per cent dn tho common stock, payable September 1 to holders of record
August 21. .
ilaflr11.
I Atlas Powder Company to Pay Extra 3 Dividend -a--
I NEW YORK, Aug. 10. Tho Atlas Powder Company has declared tho regular
Quarterly dividend of 2 per cent nnd an extra dividend of 3 per cent on Its com
mon stock, payable September 10. Books close on August 31 and reopen Sep
tember 11.
' -
j Stnndard Oil of Kansas Declares Extra Dividend ' "'T' " '
' NEODESHA, Kan., Aug. 10. Tho Standard Oil Company of Kansas hat de
Wared Us regular quarterly dividend of $3 and an extra dividend of $2 a share,
payable September 15 to stock of record August 31.
COTTON IMPROVES
AFTER EASY START
(Trade Interests Moderate Buyers
on Decline From Last
COTTON IlEl.T WEATHER
JJFIV YOUK. Ane. 10. llMns were re
puted In the north central ami northenntern
lit
portion, of the rattan lelt thlH tnarniuir.
te i
..It
Irmlnsham. Merrrtlnn. MelMburc, JMItle
The followlnr temiwrnturen were reported:
.851 Jinoxvine. lit uiiniiunoaiu.
Athojllle,
nlrmlnrh
flock, Oklahoma City. Sun Antonio nnd At
ant, lit Na. drill. MnntrAmrtf. Mftmnhta
?t Smith, tihreieport and htivjinnah. Idi
lueon. Del Illo. Corpus t'hrlntl. llnlelsli,
Tamna and Jatksom Me, 7l)i Mobile. rena
eola, CharlfKton nnd Nllmlnaton. 80. and
ualTeiton and Hew Orleans, 82.
There u .01 lneh of prer pltntlon at
Atlanta. Auitiatn nnd Nnfhjlllei ,0 at
lhattanoosa. Vlekaburf and Aahevllln .00
at Knoivlllei .10 at (lalveaton and lllrmln.
F.imi 1.18 at Vrmphlti 1.S0 nt .Little Hock,
and 2.20 at Tampn.
NEW YOnif. Aue. 10. An easier ten
dency was shown on tho Cotton Exchange
at the opening this morning, duo to the de
cline In Liverpool. Tho continued unfavor
able weather was virtually Ignored The
South was the loading seller. Liverpool
bought the near months and sold the dis
tant options. Wall street Interests also
noil Commission houses operated on both
Idea, but purchased mora than they supplied.
First prices were 8 to 11 points lower,'
and after the call further losses of 2 to 6
points were reported, due to selling by
Western Interests.
The market turned firmer during the
Morning;. Offerings had been well taken
on the decline of about 15 to 19 points
under last night's closing figures, or some
21 to 30 points under the high records of
yesterday afternoon.
It seemed that trade Interests were mod
erate buyers on this decline, while the fore
cast for continued clear weather In Okla
homa seemed to offset the favorable east
ern belt predictions, and as the market
steadied It looked as If tha decline had
been sufficient to bring In some fresh buy
ln for long account. Covering Btarted
la consequence and prices rallied to within
or S points ot last night's closing figures
during the middle of tho morning.
The receipts of cotton at tho ports for the
day are estimated at 6000 bales, compared
With 6885 bales last week and at 315 baleB
wit year.
Open. 11 a.m.
14. is
lt.Sl
14. ISO
14. A3
14.60
14.83
. . Tes. close.
rSH$"l ... '"ST
f..v.:::." ttl
ft& ::::::::iS:S8
12m. 3 p.m.
14,24
14.4T
14.90
14, TO
14, -in
14, 4T
14. Sd
14.03
14. .115
14. till
14. Ul
p . Liverpool Cotton
(t WVERPOOL, Aug. 10. Spot cotton to-
K," ' "" tn more acmami ar. a aecune ot
RJi on ,e bttsl5 ' s-63 ior mid-upland.
w J? Bales aggregated 7000 bales, Including
,w V Dttles American. There were no re-
'ii. xna market for futures closed quiei
M a net decline of S and 7 points.
NEW YORK COFFEE MARKET
NEW YORK, Aug, 10. The market for
I coffee futures displayed a steady undertone
.i in opening this morning and first prices
t were 2 to 4 points higher. Trading, how
f vr, was quiet, with sales on the call 1000
,t-s.
Trading at the end of the first hour was
Vdtt, with prices about 1 point below the
. opening, but the undertone continued steady,
ft0 flrrans In Bratlls and to the bet-
ir 'mand here In the spot market, where
' JU0 ,o. 7 was emoted at 9UQ9Kc Sales
tn 1. ,., -.... ,----
; - uuiock were 3ouuDags.
L Today's
utu,t openin.
tSTiK' !?
pss? .v.'.v.;:::,.6v.
'fca "'""": kw'k
Slot " 8S808.99
? 3ly .'........ .,
'ma. ""! ..........
New York Bond Sales
1(13
1IIO ?i
Illah. Low. Cloao.
300t Amer Aer deb 5 l7 U,, HT
2SN0IH) Anulo-Kranch 6 II3J4 UVX &!4
13UUII Amer FrrclKn Sec 5s. IIHti HH US
Tumi Amer Tel cit .... "i"
-t.'inno Amer Tci cvt 4H...10'i!t
100(1 Ann Arbor 4a HIV?
Timu Armour Co 4Ua 01
CTrvno AtchUon Ken 4a OJJ4
IIHIO do ndj 4s M
ir.OOII do rv la ltlOO 1M3
luiioo Bait A. Ohio Sa IWN
inoil do -la OC'l
ILMIDII do rv 4 Via Ul.-H
IOIMIO do Swn 3Via IHlVt
1111)11 neth Htccl lat r, 104a
IIDOi) lleth Steel r(d ns llln!
13D0O lirkn Rap Tr tin 11118.100
HOIK) Can Clov -in 1021.,.. Bl)V.
41)00 do 4a llll'l! Hli
04000 do 1031 100
ll'OOO Canada. South Bs....ini
40011 Cent Leather lat Ss.-lO-
300O Cent l'nc lat 4a fill ,
14000 Cent I'ac Sh li 4a.... R7)i
IMHlOti Chill Copper 7 ., ...1-3
r.ouo Chea 4; Ohio cv 4Vi .. HH
7000 Chea & Ohio 4V4 a .... Ill) ,
6301)11 do conv Bs U3Vi
C00O Chi A. Alton 3Ha.... mi
iilOO Chi Ot Weal 4a l'i
nrtoo Chi & Nwn aen 4 04 ,
33001) c 11 & q Joint -la .... 07ta
6000 Chi M & tit r conv Ba.H17
3.I0OO do cv 4 Via loot,
131)00 C II 1 It P rfd 4a .... 72
30000 do Ss I-'H
1'5000 do 4a a'i
11)01) CM Tniluatrlal la . 711
1000 Col & SC.tR 1st 43
1000 Con Oaa conv fla .
31000 Cumberland Tel na
1000 Del i Hud conv 4s.
pnim do rid 4a
1000 Den & lllo Or rfd. ,4a..
11)00 Detroit Tunnel
iixiu Detroit wnueti
llomi Ilia Uea Corn lis
lSOOil Erlo conv 4a Ser II...
03000 do conv 4a Ber 1).
innn .in Tirlor 4a
r.nnnn nn Vlan i)h n 101
"'.: iv-". -Vi. "v-; -- -,,ji,
nuoii iiua a .Man in ua f;i
.. u7
mi
U7Ji
1h5'.'. Hiivi
.. 71
8-tH
8V4
lno inn!,
7l'i 72..
10.-,.,
07
80
NOH
74
71 .
looo do rfd ns
140011 Interl Paper cvt Ba
rwuiii innannaa nnur n .
11)0(1 Klnea Co Kiev 4a .... SJtt tuli
L'uixi 1-acleoo una jai ra,,.iuin J"'"
Ul
811
01
80
iiMiii no no na .A"; A.?f tniil
HOOO Indiana Hteel Ba .....lfl'.'S JOJ'i 10J
387000 Inter .Mer Car cl 4ViB.107j 10JV5 101H
HI
Ml
X.HIi
lui'4
ul
IliVi
8
8n
1(10011 Lk Kh deb 4a 1031.... 04
litooii Louis & Naah 4s 03'
2000 Manhattan 4s kdw
S00O do ata 8Utt
10000 Minn it til U rfd Ba... nil
n.... te. n .. -1 - Mil
KniVIM .In Anl Hal ft 1ftlT. . 1)7
1000 Mont 1'ower As fl7
ttuuu r i w u o n '-!
12100(1 NYCt Hud Os.,.. 11
sunn An SUi ........... 8
1000(1 do -ft UOVi
BOIII) N r UKjr a lujri. ... ,im7
long do 4 Via Nov 1137.107
mnri M v flu. II A P 4a.. 81
3000 N Y I-acka W Oa-.tort1
nnnn MV vir If fla 11
12000 N Y Hwy adJ.Ba,,.. fiNH
21)000 N Y Tel Ben 4V4a.,.. UH
noon Nor Pao prior 4a..,.. Ul
120011 do sen 3a , ...M
20OO Ore Short Line B.,,.10(.
8000 Paclllc Tel Ba lOOS
B000 Penna en 4Vi M4H
booii Publlo Herv N, J Bs., ni
Btoon Heading- ejr 4a...... O-iU
flfloo St U 4 H F ad r 1., MK
2001)0 do gen et 4a ,...,.. 71
20IHI St f-oull Swn con 4a., J
miDU nt i'aui ji & iiii.iw.i
luo'i
mi!
1001) Seaboard A I. adj Ba
looo do Tin a
IJ Ba.. Illti
si
:::: P
liiooi) South Pan 4s
7IOUU oo rv a ... ,
40000 do rv ret I p oa
7000 do rfd 4a ......
10000 South Hwy sen -la
25000 Third Ave adj a ....78
73000 U 8 Bteel 8P Ca..,.ipj
noon u 8 8 I n.fta in
2000 Union Pao lat 4a,..,, 0Vi
Bionn Union Pao rfd 4 .... ''
18000 Un Ilwys S F4i,. ..33
8000 Va Car Chem lat Os.,10iiJ,
2000 Va Hwy Ba .......... '
2000 Weat Md lat 4a.. ,.-.,72,,
nooo Weat B & M fv 3a wl 117'
2000 AVeat Union 4 Via .,,,. S3
int'i
so
7)'l
01
U1H
Yeaterdajr's
Cloaa.
8 BHQ8.BS
K II.'
8.05
8.08
8 71
8.78
6.81
9 Hil
S.UOtiS.Bl
8.9508.94
U.ounu.01
JWJ.VU
8 bl
8.ft
8 Bd
t.wa
8.1!"
8 83
9.03 1
:
UVE BTOCK QUOTATIONS
ooau,cAQ9. ; io. HOas uc. pu. so.-
W v Market 1015o Wher, Mixed and
mS?- laOOlM-BOi rsd heavy. 19 8i
SS-E. roust heavy I'j BJtru 83. llaht. Ill 830
'".I?! WH. 18 80O0 6S bulk. 9 8SU10 is.
. I),
KSiWiiB,tt
I-? tOflCVra nnrt fio.ra
,ft J--- - .,
0 WfU, v.V4?.H fiMWt
.(. T. ."J T
t . rw&crH, ana iebiari. l
ffiWJ4 taHea. tia012 2i.
Market
3S3J75.
llarktt.
cow. and heltsra, 13.1)0
lara, 19UV( n. ai
jio.ro
IS, 000,
tronf
uw
aiiaa,
wealt.
FOREIGN EXCHANGE
NCW YORK, Aug, 10. The Foreign Ex
change market continued unusually dull and
uninteresting today In tho early dealings.
The only change was a Bllghtly easier tone
in sterling and franca reflected from late
on Wednesday, -
nmV ctaarlnxs
r.in rfv lait two yaarat
awuuM. . si. iota
BANK CLEARINGS
today compared with corre-
1S14.
.,.i..,kl. US SS.I.aOO J23.048 038 S19.48J.869
BoatOD ..... 23.872.439 24.B77.101 18.234.16)
Nw YofiX374,7iB,745 S5Q.B7S.17tt 183.801. 00
cSico eutoalSM Bi.aw.BJT li.oio.ssa
RAILROAD EARNINGS
ILLINOIS CENTRAL.
ild. Inereaa.
July trot 13.43.653 I37J.827
YAZOO AND MISSISSIPPI VALLET.
July ro ll.10T.03t 1208 SB2
ATLANTA, BIBMINOHAM AND ATLANTIC.
ffiWP.:.:-.:::-:: iIi:!BoS Mil
ST. LOUIS AND SAN TOANC1SCO.
4,130.HJ 872S.42D
,,,uni vtv vi
jun roi "
New York Stock Sales
Last close, filth. Low. Clo
61)i
8
74)j
00
57
67H
10)i
40M
73
mi
8
17JJ
S2H
76K
74
18
r.oK
f.0!
27H
10K
45H
71K
51H
8
18
22H
75W
74H
S8
60M
f,7
28W
4Sli
72
AcmftTta .,., ...... 51H
Alaska J gom Jl. ..,.. 7)
Alwks Gold M, ......... 17)
Anis-Chslmers Mff.,.,,. 22J
AUIs-Ch&lmcn Mfg pt,.i 75
Am Ai Chemical ........ 7AM
Am licet Sugar. , tOlt
Am Oan................. KMt
Am Can nf....... ...... itmu 11 1W HOW 111H
AmCar&Fdy 6U 6914 fi8i BH
Am Col I'toduclJ U3H 146W 143! 145)(
Am Hide Leather.,,,, 1051 1UH iuf iut
Am Hide A Leather pf .. .17!
Am Ico Securities., ..,,,. 27H
Am Llnsccd ........,.,,. 10H
Am Unseed pt, 4.5H
Am Locomotive. ........ 7IK
Am Locomotivo pr lO'ilf lU2)i 1U2 iiwt
AmMaltCorp'n , 8H 8 8 8
Am Steel fcoundriM 61)i 52 Cl rl!
AmSmcltftltef 05 05 e4)f 05
Am Smelt Ilcf pf Ill 113 111 113
Am Sucar running ......100K HOW 110 110
AmTclATol 13D 130H 130H 130H
Am Tobacco ,322 22.TJI 223JJ 223H
Am Woolen pf 03 95, 93H 05W
Am Writing P pf 28 281 27! 28
Am Zinc hit 8m 33 33K 32Ji 33
Anaconda Cop M 81H 8Ui Bii H154
Associated Oil 07) i
Attn top a s it, ,.,.., .103
Atch Too & 8 F pf 09
AUGult&WI 00
llald LocoWks 72J
nalt & Ohio nt(
HMK Ohlopf ., 73)i
07 07)4 07X
103H 102 JX 10'2H
on
00H
74
80H
7351
430
85
00J
18JI
47
llethlchem Stcot.........430
lirooicijn napTr 85
butte ft Superior uo'X
CM rotrolcum 10
Cal Petroleum pf.. ...... 4GH
Canxdlan l'acinc....,...,177
Central Leather ,.,. ,JG)
Chandler Motor. 101
Chcaft Ohio 02
Chllo Conner L'0' liO'f
Chlno Copper 48)( 43! J
Chicago Jill A St Paul . . tWS 17H
Clilcaso Mil & St 1 pf . .120 130
Chicago It 1 A I'ac W( 20
Cluett, Pea A Copf 111)4 110
Col Fuel A Iron 4 IK 45tf
Consolidated Gas KISjj 141
Continental Can 00 0(1
Corn Products Uof 13H 14
Crucible Stcol 71
Cuban-Am Sucar 225
00
00
721$
80)1
73'f
430
84'f
00).
1U(
47
09
03
72W
SOX
73f.
130
Wt
aoi
18
40
177K 17fl) 175t
r,r! ooh 05)i
105 103 103
02)( OUf OI)
20
48' i
00W
130
10H
110
44)1,
20
48)4
00)1
130
10)1
110
44H
72
rtoa
Cuba Cano Uuzar,
Cuba CanoSuirar pf..
Denver A ltlo (ir pf. .
DlstlilSco Corp'n
Dome Mines
Etlo
Kriolstpf 51
Goncrai Electric.
General Motors.
57K
Viii
35
40!f
254
37X
51
.1G9W 170X 100K 170
.505 630 625 530
67)'
34)(
45H
20
nan
13Sf 130)i
00 9(1
13V 13)1
OlD-i C0)i
228 223
COM 50 J (
OIH DIM
33! i 333
45W 45H
25V4 25)4
30X 30) 8
53H C3)j
Goodrich II K 72U 73)1 72) 72X
Granby Consol 80)1 81 SI 81
Orconc-Cananca 40J( 47 4011 40)1
Great Northern pf 117), 118X 117K 118)1
O N cfj for oro prop .... 30 30X 35M 35H
Ou'f States Steel 2d pf.. 81 S2 81'! 82
Illinois Central 10JX 102X 101JJ 101X
int con cor v t csu.... 1031 17)1 10)1 10,'l
int Paper 10)1 10)1
Int Paper pf 74 75
InspConCop 49! 40)1
Int Nickel v t cfs 4J1 45
IntMMcofdcp 27X 28) J
Int M M pf c of don.... 1)4)5 00
Jewel Tea 83 83
Jewel Tea pf 109)1 109
Kan City Southern 25W
Kan City Southern pf... 53) 1
Kelly Sprlns Tire 71
Kcnnccott Copper 47J1
Lack Steel Co 72)1
Lako Erlo A West 21)1
Lako Eric A West pf . .. . 43)1
Leo Rubber Tire 44)1
Lehlsh Valley 70)1
Lleectt A Myers.
Lone Island 35)3
Maxwell Motors 82)1
Maxwell Motors 2d pf... 55! J
Mexican Petroleum ....
Mexican Petroleum pf . ,
Miami Copper
Minn St P &SSM..
Missouri Pacluc
Missouri I'ac tr cfs....
Montana Power
Nat Clcak A Suit
Nat Lead Co
Ncv Con Cop
Now York Air Brako . .
Now York N II A II . .
Ntiw York Central
New York O A West. .
New York Chi A St L
Norfolk A Western
North American ...
Nprthem Pacific
sw
GO
71JJ
4SJJ
72)5
21'f
43)1
40H
7031
0931 20S
35'1
8231
5G
09!1
00
3411
93)5
, 00
34
123X 121
45. 1)1
4X
92)$
Vi
. 01X
. 71
0331 Of
, 1731 17)1
130 131
CO 00)1
105' 105
27 27
33H 37J1
..13011 132'1
10)1
74
49)1
41)1
27
93H
83
109
25
60Ji
71
47X
72
21
43'i
45
70U
20S
35!
S0)$
5531
98 J
00
MX
121
4)4
4)5
0131
75
04
17K
10)1
74
40)1
44'(
27)1
93)1
to
109
25
69)4
71X
47)1
72
21
43)1
40)i
70)1
20S
35)1
S031
53)1
9811
90
3D.
12 1
4)$
W
92j
75
04
17).
120)1 129)1
00J 00J,
10-1 104)1
27 27
3731 3731
131 13L
G0)i CO GO 01
1113$ I11H 111)$ 111)?
Ontario SUvcr Mln 7ki 7J 7 7
Pacific Mali 21 20)5 20'1 201
Pacific Tel A Tel 31 31 34 31
Penn Railroad 50)1 50)1 6531 55i
Peoplo's Gas Chi 101)1 10131 10131 10131
PIttsbureh Steel pf....... 09)$ 100 90)1 0931
Pressed S Car Co 40)1 50 50 50
Pullman Co 101 101 101 101
Ily Steel Sp Co 41!$ 40 44)1 45
Ray Con Coppir 23)4 23' 23$ 2J!$
KoaJlns 101$ 10J 1 10, IK)
Republic Iron A S 4731 48 47)1 4731
Republic Iron A S pf....H0'i lit 111 111
Seaboard Air Lino 10)1 lot; 10)1 10V4
Seaboard Air Lino pf.... 37H 38)1 37) i 33f
Sean. Roo A Co.
St Louis Southwest pf.... 43)1 40
bhat Ariz Cop 27 27
South Porto R Sufcir.... ISO 181
Southern 1'aclflc OSH OS'l
Southern Ry 24 21)$
109)1 109)1 19931 19931
Southern Ry pf 08 08)1
Studebakerco mH 1211
Studebaker Co pf 109)1 109
Tenn Copper 2531 25)
Texas Co 103
Tobacco Prod pf 102
4)
27
184
i.8l$
21)1
G8
127)1
109
25
1D2H 100)$ 1003$
102 102 io:
40
27
18 1
U8J4
24)1
OS
127J1
109
Jo
Twin City RT ..003$ 0$ 97)$ 97H
Union Daz A Paper 8 SH 8 8
Union 11a: A Paper pr... 45 4531 44)$ 44)$
United Clear Stores 101)i 10JJ1 1023$ 102X
UnbnPaclnc Ul 111 139.4 130M
Union Pacific pf 62)i 8231 82$ 62)
U b Ind Alcohol 111X111 110 110)$
USGIl'AF 19)1 20 10X 1931
United Fruit., 101X 101)$ 1G0 1U0
US Rubber MX 60 54 S5X
U 8 Rubber 1st pf 108)1 108!f 10S31 10831
U H Meet Corp'n. mi H8X 87)1 8731
U H Steel Corp'n pf 1WX USX 118)$ H8)i
U Sbm R A M. ........ GOX 70)1 09-j G9)$
utaucopper 7a vj 7'J 7b)i
Va-Caro Chemical 4031 10! 1 403$
Wabash 1J31 11 14
WabuhpfA 60 J i 61 50X
Wabash pf 11 27)1 27X 273$
West K A M 6811 50 68
West Air IlraVo ...,139X 111)1 141)1 141)1
Western Maryland -JHH 20 2S1 20
Western Maryland pf,,,. 47 45 45
Western Union Tel 04 01X 04
WtlljJ Overland 51)1 53H 52)1
WUcoosin Central 513$ 52)$ 40
Woolworth F W 137 138 130
Quoted ex dividend.
78)1
401$
14
60! 5
2731
38J1
15
04
62)$
503$
130
SUSPEND PROPOSED INCJIEASE
IN GRAIN STORAGE CHARGES
Commorco Commission to Investigate
Reasonableness of New Rates
WASHINGTON, Avg. 10. Proposed In.
creased storage charges on grain held In
elevators, made by railroads with terminals
In New York, were suspended by the Inter
state Commerce Commission today until
February 28 next. The Commission In the
meantime will direct an Investigation as to
the reasonableness of the propdsed rates
at New York and other eastern seaboard
points.
Owing to excessive grain shipments, a car
shortage Is again threatening, according to
advices received by the Commission. A
circular was sent broadcast urging ship
pers and consignees to expedite the free
time allowances on cars held on sidings.
The necessity lor close supervision of
the methods ot loading and unloading and
moving cars so as to secure the fullest pos
sible use of available equipment was espe
cially brought to the attention of shippers.
Co-operation detail between shippers and
railroad officials to eliminate delay and
the prompt return of cars was urged.
New Slotorcar Company Chartered
COLUMBUS. O., Aug 10. The Enger
Motorcar Company has been Incorporated
here with an authorised capital stock ot
$4,000,009, divided Into Jl.000.000 convert
ible 7 per cent cumulative preferred and
3.000.O0O common stock. The plant Is lo
cated at Cincinnati and lta production will
be increased to 7500 cara this year and
doubled ext year.
WHEAT MAKES GAIN
AFTER EARLY LOSS
Enormous Profit-Taking Causes
Drop Soon After Start, but
Covering Helps
ORAIN nKl.T WEATHER FORECAST
CllirAnO. At. tO. The foreeaat for
the neat SO Imura.la! ...
I llnola nnd ,MIannrl Shower tonUmt
eooler In nortliwft 1 rldny, partly elomlr
and eooler. prohahlr aliiinera. . ...
,Ueonln llmeltled nnd eooler tonlaht
?ntn ahoirer In rnat nnd aoiitlu Irhln),
sir. nnd rooler,
Mlnnraoln, North nnn Sonth lltkoln nnd
brnK Fnlr tonight .and I-rldnji cooler
tonight nnd wnrnier Irlilii).
. lown Unsettled, ,lth thnmlerlinwer
thll afternoon or tonlalit In ent nnd renter)
rpoler tonight! I'rld.u, tnlr and rooler In
ino.enai.
n a
iAnnn-
-rnrtly.elomlr tonlaht nnd
ntternoflti nr tnnlrhtt ennfor
In eitreme enstl cooler frldnr In eoutli nnd
dnsi prohahl; lnrni tliumleMhoner lute tlila
nitrrnooii or tonlrhtt fooler tonlaht, exrept
eiMt.
CHICAGO, Aug. '10 Considerable fev
orlshncss nttended the trading In the whent
market today. There was enormous general
lirotlt'taklng 'Hid tho tono nt one time una
weak, but there wns n Bharp recoxery from
the bottom on cocrlns.
Initial quoUt ons were higher crccpt Sep
tember, which wq lower. May Bccmcd to
bo moRt In demind in tho early denims-) on
ocr-nlRht orders nnd sold Into nos lilBh
ground, touching $1.55. 1'recsurc was qullo
freo, howeMr, nnd nil optlona were soon
forced off shprply.
Short Bcllrrs took ntHnntnpo of tho drop
nnd sold rccklesBly. Tho ocnloltiK of IIipc
operftllon1? was followed by a wne of buy
ing, ninny resting orders being reached that
carried September nnd December to new
high minks', $1 4G Vi nnd $1.50, respectively.
A gain In Important reMlr.InK occurred and
values gave ground materially.
Mr commission hollies wcr on the aclllng
sldo becnuso of penco rumors concornltiK
Austria, nnd reports from Winnipeg to tho
cfrct that tho yield In the Camdlnn north
wcfrt probnbly would nnch the normal aer
age, Ileports wcr cur.vnt that nil over pljtht
export orders hnd been accepted. ToMI
slabs In tho Inst 21 hours wer estimated nt
2,000,000 bushels.
Iitndlnr futures rnnned na follows
Whcnl T0B'dia
Open. lgli. Low. Oloae. close
HepW. 144. 1.4I1H 1 4H1 144'. 1 ll't
l)ec... 1 4S1J l.SII 1.4BS 1.47ti 1.4H
Mnr- ' r,r' I'"" :'r,u l-3-t !"
Corn (new delivery)
Pept... H4 H44 R3U Rl IS
Dec... 7J'i 7S' 7lU 71S 7J'
May... i:, 7J 744 7SS 711
Onta
Hept... 44H -t-. 4t 44U tt
Dee .. 4' IS 47 47H 47
Mm . . COS 01 ll)T4 .lii'a '.viS
Lord
Sent... 1110 H5', 5127 113 n-. 13 '-0
oot ... ti a nt! lnuT ti -it n
Ucr ... 1,1.00 13 IB 13 UU tl.10 1B.H5
ltlba
Sept. ..tl 0,1 11.42 14 tn I4 22 tl I 00
Oct,... 13 BU 11.10 13 SO 13li: 13 72
l'ork
Sept... an 3". 2d no 2112.'. 211 r.o 2.no
Oct ...J'p I", 2'. Hi 21 IS MM IT, (111
Dec . . . 23 20 2J. I J 23 3U t J3 30 123.03
lild tAaked
Spot Wheat Stronp; at Liverpool
LIVHIU'OOL. Auff. 10 Spot wheat wns
PtronB today, with Australian quoted nt
14s 9d, No. 2 red winter Us 3d and No. 1
Northern Manitoba 14h Cd, nn ndanco of
91. Corn was strong, with American mKcd
2d higher nt 10s Cd, and Plate Hid higher
nt lis 2d. Flour was up Is Cd nt 60s.
PHILADELPHIA
MARKETS '
GRAIN AND FLOUU
WHEAT Receipt, lfio.410 huah. The mar
ket ruled llrm nnd further ndnnred 1c with u
good oxiert Imrulry nnd light offerlnRa IJuotn
tlona: Car lots. In export elnvator No. 1! ml,
apot. J1.I3&1.4C. No. 2 southern, roil. Jl.llti'
1.1 la ateiitner No. 2 red. I1.4HP1 43: No. J
red. II 40CPI 43: rejected A. U.37W1.10. re
Jectod 11. Tl 3IW1.87. , t t
CORK Jtwclpta. III.2CI1 bush Tho market
waa quiet but llrm with HKht onerlnga. Uuotn-tlona-
Car lota for locul trndo, na to location
Weatern No. 2 lellow, liSUllllc, do. steamer
jellow. OHPllIr: (Io. No. 3 lellow. UJU3c; do.
No 4 sellow. K0l", . . . ,
OATh Hecelptn, 77,002 bush Orferlnua wero
lluht nnd th market ruled .firm, inouKii ciuiet
(Juolatlona, No 2 white. .MH 2p: atamlurc
(Juolatlona, No 2 white. SlH 02e: atamlurd
white. AHVi i&Mr: No. :i whltr. lll5i5no,.No. 1
hlle, 4nbl7Hc, anmpla nata, 4.1W r44VSc
riOUll ltecelpta, Ul) hula, and U3SI.:I11 lbs
In sacks. Prices wcro held above the views of
Imyera and there waa er llttlo doing. Quota
tlona, per 10(1 ll. in wood 'Winter, clear. 13 75
dirt 2.1: do, atralsht, IU.23O0 75; do. patent.
SU.73Q7.23: Kanaaa, clear, cotton aacks. JHW
(1 41), do, straight, cotton anrka, SO 30V7; do.
patent, cotton aacka, S7.2.'itj7 M): aprlnir. (Irat
clear, tntlu 75; do. strnlKht. SO 737. do, pat
ent S78. do, favorite branda. SH 21WR r.o, city
mllla, choice and fancy pntent. 18 23 Vb 80, city
mllla regular sradoa Winter, clear S3 73M
1121: do, atrulght. SU.23(j0.73; do. patent. SU.75
07.2'..
ItYK TLOUR naa In email aupply and Arm
but quiet Wo quote nenrhy nt JSuO.oo per
bbl , nnd wcatern at 3.S0OU.23.
PROVISIONS
Tho market ruled firm with a fair Jobblnir
demand Following- nro the Quotatlona: City beet.
In aeta. amok, d and nlr-drled. 2Sci wiatern beer.
In aeta. smoked. 28c: city beef, knuckles and
tenders, emnked nr.d nlr-drled, 2flc. wcatern
beef, knuckl-a and tenders, amoked. 20c: beef
hama, SJS&3U: pork, family. SJ7,0UM28:lama.
8. V. cured, pese, 18HWlB4c: do. aklnned.
looae. 10H WlO'ic: do, do, amoked, 2UUO20Uc:
other hama. amoked, city cured, aa to brand
nnd average. lliWci do, hama, amoked, weatern
cured, lU'ic: boiled, honeleaa. Sic: plcnlo.ahnul
dera, S. 1. cured, loose, 1 Io: do, amoked, 13c:
belllea. In pickle, according- to average, looae,
lOVic; hrcakfnat bacon, aa to brand nnd nvernge,
city cured, 21s; do, weatern cured, lowsoc;
lard, weatern, reflned, tlercea, M'ici on, uo.
tuba. 14Wc: do. nure city, kettle rendered. In
tlercea. ll'.jc; da. do. In tuba. 14HC.
14Hc: d(
a. lilac;
REFINED SUGARS
The market waB quiet and barely ateady rte.
flncra' Hat prlcea. Ultra tlno granulated 7 J;
fo7.nc. powdered. 7 357.73: confectloncra'
A. 17 13V7.33, BOft grades, 10 50OT.50.
DAIRY PRODUCTS
rUTTER Tho market for fancy atock ruled
firm at the lata advance under Hint offerlnaa
and a fairly active demand. Quotatlona: Weat.
ern aolld.picked ireamery. fancy apcclala, 33c;
extra dl&ajc. extra., flrata auOJUWc. nrata,
2u&2Uttc. aeconda. 27W28Wc. nearby prints,
fancy. 34c. do, average extra. 3JU33c; do.
llralB. 20 ale Beconda, 28U28Vic, Jobbing sales
ot fancy prints, a7M0c. , ....
KOtia Thero waa a good outlet for the
limited rCcelpia ot strictly fine nn and prlies
ruled firm. Quotatlona: In free ineta marby
uxtra. JJo per dox., nearby nrata. SH 70K.li per
standard case, nearby current receipts. ST.HjW
7,113 per taae: weatern extras 3.'o per uoz ;
weatern extra flrsta. 8 7uMU 30 per caaa. do.,
nrata. IH.IOOB 40 per case: fancy '"teil
candled freah eggs wero jobbing at 30(73To
p0ClicaE Demand was fairly active and the
market ruled firm under light offerings. Quo
tutlons: New York, full cream fancy. 10. 0
17c ; do do, fair to good, lOtfldHe, part
sklm,. 0O13C. p00LTRY
I.lVn Tha market was quiet with fairly lib
eral offerings at recently revised prlcea Quota,
tlona Kowls. 10H2UO1 rooaters. 14W1SC, aiirlnir
chickens, according to nuallly, weighing IN, J
lhs and over uplece, .1B2JC, do smaller sixes.
192(ki: white leghorns according to quality,
17l0c; ducks, as to slzs and quality, 1317c;
Pigeons, old. per Pair. 23026c, do, young,
per pair. 2()02Jc. . . . . t. . .
bllESBEr Supplies of fine deslrable-alied
atock were email und the market ruled firm with
trade fair. Quotations Freah-Mlled dry-picked
fowls. 12 to box. dry-packed, fancy, selected,
23c: do. weighing 4M 04 Iba. apiece. 224 c. do
..i.Kin,- A lhH .nl.i. 3'JUf,. da. weluhlniT Ay.
ij i,i. H.iiiiuu a lua. uu,c-c. ... w
... ..nl.na n
21o' tViwIs'ln'bbls.,' Ice-packed, fancy, dry-plckjd
Northern Indiana ana Illinois,
weighing l5
nldce. 22c: do. southern inuiana uni imnon
welghlnir 4 Jbs. apiece, 21Wc: smaller sues,
lbs,
Oc.
lllri rnnflters. dry-Dlcked.
chickens. Illinois. Urge. SSOSOc;
'. ".t. ..?"" ..4. . 11 . . ...!
woo, 2.L: aa. oumcro iuuihua . miiwi,
J IL" 1. Ill If . n hlUk Bi4Ad 111 BA
lllg; broiling
l.,va i16l R, tin. Kma vr alzea. JSfJJC.
Urollera. Jersey, fancy SJOSIo: hroller; othr
nearby, weighing ltt'J lbs. apltc. tOOSSo)
broilers, nearby, amaller sixes. JJUJOc: ducks,
nearby, spring.' 1020c. aquabs. lx.r Jos ;
White, weighing 11012 lbs per dos SS.fOO
6.75; do. white, weighing Ulii lbs per dox .
I4.00O5 23; do, white, weighing 8 lbs. per
Sox., Ys 73 01 10; do. white. vveUnlng 7 lbs per
dox.. S3.23O3.U0; do, white, weighing a Willi
2.73, do. small and No. 2. 60c 11.23.
FRESH FRUITS
Choice stock waa In fair requeat and generally
ateady under moderate. offerings. Quotations:
Apples. Delaware and Maryland, per hamper
Fancy. 1101.23; fair to good, 83 730. Lemons,
per box, I7tP. Pineapples, per crate Florida,
'lellet, 102 23; Carmen. tS301,73; Mountain
melons, southern, per car. flSUVa,
VEGETABLES
Potatoes sold fairly sod choice stock ruled
firm. Other vegetables showed little change.
Quotations White potatoes, w bbl. Ea. Urn
Shore. No l, z 1302 75, da. No. 2. Siei.Mi
Norfolk" No, 1. J5T2 20: do.' No. 5. ilSl 23,
Whit potaioea, ..Jeraey. wr bskt.. aaOBOc.
Bwest twta.loes. North Carolina, pr hbl No
f ,13 OT M. No. If. S2IJ2 TJ. Onlonsl Jersey,
per bskt. 78B83CI Uo, Pennsylvania, per
hamper, si 2S1 sp. 'do. do. Mr JUO-lE bAg.l4
BAR SILVER
Bar silver was quoted In London today
at 31H4. off 5-ltd.
Commercial bar sliver was quoted In
New York today at Hc, dteliaa pi He
Sales in Philadelphia
Net
Illfth. Low. Close. Chge.
100 Am Smelt os o& Oli
100 Am Ice .. 8Vi 2V 2814 i
no Uuf & h to o ko no .....
io do iirct oo ' noli oo 1
io Cam Iron. 41 & 4R ... .
7 Cam Steel, si nt 87
1413 Klco Stor. o (17W 08
1000 Krlu 37V4 3Vt 37',
fir. Gen As pf 70V1 InV 10i .....
30 Int Taper. 104 1814 184
no in c N Am asw, it,M H V
fiO Ktnno Cop 47 4771 47
200 Key Tel Co 1H4 V4 HM
131 Lake Sup 0 loy, 10 10 M
10 Uh Nnv.. 7SV4 ItiYi 1W
118 Leh Vnl . 70 704 10V4 2
1 Leh V T pf 4714 UV4 414 V
100 Norf &. W.I31M. 13llfc 13114 -tla4
37ii l'eniin H H no 14 no no y
178 I'lilla llleo 2Rn 2814 2W W
11311 ritT trctfs 20 toy, to
121 Heading; . ,10'JS, lno lOJVi -t-2t(.
1003 Ton Hel.. 4 7-lfl 41i 13-10 f 1-10
300 Ton Mill. 30-10 A14 tV
1R0 ITnlon Trna H14 441f, 414
23 Uti Ons Im 87 8714 8714 'A
2873 V K Steel. 88 87 K, 88 14
i W Jor & H 4014 1014 l!4
100 York Ilwy li 11 14
noviis. nvi
lllBh Low. rioac. chKe.
51000 PltylqlO rloiVi lni'i liny -t Vi
730(1 V.ftV tr 48 81 81) 81 1
1000 Int 11)8 Is 37 37 87
1000 LVal'iA 03 00 OHM 00
3200 l'lll'a i:i 1h 84 84 84
14300 do Ss ,.lnt4 11)414 10414 .....
soot) ItenilB Bnls nr, on
1001) do2dcxSi 110 110 110
Increase. Decrease.
Local Bid and Asked
Hid Asked. Hid. Anked.
Dure nnd Husq t e 40 , f.n'i 41) no
ito pref t o r,l) (lit nil mi
unit .r u :i. :r, :i2 .i
llnldnln 7J'i 73 72 '4 7.1
lllcctrlc Ktnrngo (17 HH'i (is'i i.'i
Uenernl AKphnlt 31 .11 ,'U :it
do pref 7i)l4 7n4 T ( 7DV
Ivt'vatunc Tclephona .. 1IU II", 1IU 1 414
ilo t C Ill 14 14', 14 '-j
da pref IH til) I1H (III
I.nko Hup f'orp Kl'i K)5, K1I4 11
Lehigh Nrv 73 7,-,' . 7.1 7,-.'l
Lehlsh Valley Tr 2H'4 21 21 21 V4
do pref 42 2s 2 42H
t'ennaylvnnla niH fin notj nni4
Phlln llleo 2H 28 2SS il
I'hlin Co :i!i5 -ui :m 411
do n per cent pref .."311 -Tl :t7 30
do (1 per rent pref . . null Hi !'W 40
Phlla It T tr ctfa .... 111 1Hl 14 211
Heading lUU'i lOOh 1U0M lUU't
Financial Briefs
There linn been ndmltted to tho regular
llet ot tlio Plitlndelplila Stock Kxchnngc,
rhllndclplila City 30-ycar 1 per cent bonds
rei;ulnr und coupon due 1946, nlso Phila
delphia City school district 1 per cent
bonds duo 1920 and 194S.
Bradley W. Palmer, ot Boston, has been
elected a director of Aetna Exploslvcu. It
Is expected that at next week's meeting
of tho directors nnothcr Boston director
will bo elected.
Tho first consolidated balance sheet of tho
Sinclair Oil and Iteilnlnc Company, as of
Juno 30, shows net Current assets of $3,129,
846 after allowing- 3221,871, representing- In
terest on ?1C. 000,000 outstanding1 bonds In
accrued taxes. Net earnings for tho first
two months of the company's cxlstonco to
taled approximately $1,800,000, an equiv
alent of J3.IC on tho 520,000 shares out
standing. P. Dean Smith has become associated
with Hughes & Dlcr;
Tho Stock Exchange seat of George r.
Bissell has been posted for transfer to
Charles A. Owens nnd thnt ot Alfred II.
Marckwald to Louis 11. Josepthal.
Thoro has been withdrawn from the New
York Subtrensury $100,000 gold coin for
shipment to Spain.
Tho Now York Subtrenpury lost $467,000
to tho banks on Wednesday, reducing tho
net cash gain since Friday to $707,000.
DROP OF 4G.86C TONS IN U. S.
STEEL'S UNFILLED OIIDERS
Bookings on July 31 Total 0,593,592
Tons Much Better Than a Year Ago
NEW YOIUv, Aug. 10. In Its monthly
statement, Issued nt noon today, the United
States Steel Corporation reported Unflllod
orders on Its books as ot July 31 last of
9,593,592 tons. This compares with 9,040,453
tons on Juno 30, n decrease of -10,800 tons.
On July 31, 1010, tho unfilled orders to
taled 4,928,510 tons Tho bookings at the
ond ot July were larger than had been ex
pected, It Is significant thnt tho orders on tho
books of the corporation are sufficient to
Keep tho plants operating nt virtually ca
pacity for eight months, or until the end
of the first quarter of next year. This
nfcsures continued Urge earnings.
I-'Igurcs for three years follow:
linn mi-,
7.0-,-7ll7 4,24s.fi7l
x.mis.iifiii i.:ii-..37i
1I..1J1.H01 -l.'.'.l.l 7411
u,Kjit,r,r,i
U,I).t7,70S
lt,4l),41H
u.si)3.aii.'
January .
r'ebruiry
March ...
April . . .
-May ....
June ....
July
Auiiust . 1
Heptember
October .
No ember
Deiemtxr
4,lll.',-41
4 2(11 MIS
4.II7S,1U(I
4 ll.'K.nill
4. mix, 4i.-,
ri,J17.ll.'H
(i.ini,4iu
7,IN'1,4NU
7.8O11.2J0
1014.
4.1113 IISO
n.iuii 4iii
4.ni,8.n
l.277,(ttIS
a.ii'iH.inii
4,(13.', M7
4 lfiS.IMl
4.218,331
:i.7K7,llilT
8,4111,111)7
:i :ij4,niu
3,b30,U13
LOCAL MINING STOCKS
TO.NOl'AH STOCKS.
Hid.
Jim nutler KS
MucNanmra '
Midway 10
Mlspah Intension Ill
Muntana ,.,.. .2t
North War 11
Tonnpah llelmont , 4.1.10
Tonopan ui!nsion '.
Tonnpuli Mining OH
Iteseue KuU
West End
tU
COtDFIBLU bTOOKS.
, II
Atlanta ,
lllue Hull
ltoolh .....................,
llulldog ,.,.,,,,..,
COll
Combination l'ructlou ,,,,,
ni.imnndfteld II II
lulsy
Florence ....,
Uoldtleld Consolidated .........
Jumbo Kxtensloli
Kewunaa
Oro
rlandatorm Kendall
Silver Tick
MISCKU.ANKOUH.
Nevada Hill 11
Nevada Wander , 2.10
Ticopa kilning uti
."-.1-1
.(It
.)-!
.('
."-!
,11.'
.4J
,hl
,r,u
.11
.01
,o.t
.10
Askea.
.01)
.oil
.21
.21
.211
,1(1
r.
ns
.2d
.81
in
.ui
.13
.(-
.01
.07
.111
.(It
.41
,SJ
.01)
.12
.01
.01
.11
.17
2 13
.U
DIVIDENDS DECLARED
Philadelphia Klectrlc Company, regular quar
terly uf l per cent, puiablu September 13 to
atock uf record August 21.
Tha bupplee-Illddle Hardware Company, quar
terly of 2ft oer cent, payable August IS.
National UUcult Company, regular quarterly
of I1, per cent on preferred, paabla August
31 to stock of record August 17.
Union 1'uclHc. regular quarterly of 2 per cent
on common and regular eemlannua! of 2 per
cent ou preferred, lloth pajablu October 2 to
atock of record September 1.
Adams Kipress. regular quarterly ot 11.30.
pajable September 1 to stock ot record August
Mini mm
BEU.MARKET 1204
Kt5T0NI, PARK fcSS
NORFOLK AND WESTERN RElPORTB GAMlS
IN EARNINGS FOR JUNE AND 12 MOOTHjB
Operating Revenue Increased $657,599 Over Corresponding
Month of Last Year Reading and Lehigh Valley
Soar in Local Market , i
Another Rood showing In the matter ot
earnings was made ly the Norfelk nnd
Western Itnllrond In its statement lor June
nnd 12 months, which camo out todiy. The
Increases reported were of Iho substantial
stzo which lias been usual for secral
months past, nnd wero sufficient to cause
rejoicing among holders of tho securities
of tills company In local financial circles.
Tho total oreratlng revenue during Juno
wns $4,!S7,S$5. ns npalnst J4.330,285 dur
ing the same month of Inst yenr, or nn ln
creno of $0X7.59 To freight revenue wns
credited f I, r, 13, 3.13 nnd $498,052 was re
ceived from passengers, tho former being n
gnin ot $SG9,037 over June, 1Q1G, nnd the
lntter being an ndvnnco of fCO.GOl for tho
Bnmo month.
Tho twelve month V grors from freight
tralllc wni $4.1 n&D,t3n, nn Increase of $13,
003. 5D0. ns compared -with tho previous
year, nnd the passenger revenue for the
period Increased $ 1.0." 7,0 1 1 to $5,?0C,fi82.
Tho total oyerntlng rexenno van $67,304,
GSb, which -was $11, 317,54 J more than that
for tho 12 months preceding. The operating
Income for tho year Increased $8,779,323
to $23,051,780.
Directors of the Philadelphia lllectrlc
Company nt their meeting In Camden to
day declnicd the tegular quniterly divi
dend of I "i per cent. It wns nnnounced,
following the meeting, thnt no other busi
ness ot public Interest was ttansacted.
Trading on the Philadelphia Stock Hx
chnngo opened strong today nnd met n
liberal supply. Tho early Interest again
centered In 731ectrlo StorftRO Battery, which
was taken at yesterday'! high price, tl,
nnd later nt a fractional lost. The pre"
ferred Issues sold up a point at (0.
Arbitrage Issues were actively dealt In,
with United Slates Steel common ths UAder.
At the start It sold nt 88y,, but later eased
off, ns did most ot tho other Issues during
n lull in the morning trading, However,
there were no losses of consequence nnd
gains were soon the order.
Hnltroad Issues were ngnln In good tie
mand at Advancing prices and Iteadlnf
gained 3 points to 102,, while Lehigh Val
ley was up 2H, selling at 78H- Pennsyt
vanla gained n quarter early In the day,
but later lost the frnctlon. Buffalo and
Susquohannn preferred gained i.
The trnctlon Issues were strong. TUplfl
Transit trust certificates advanced a frac
tion nnd Union Traction sold up a half
Keystone Telephono gained a fraction and
Philadelphia Electric Bold unchanged,
Tonopnh Mining was oft a fraction.
There wns not much activity during tha
trading of tho afternoon, but the market
generally held firm. Electric Storage nat
ter. v, nfter dropping to 88H, grew stronger
nnd reached 08 U.
Heading sold up 2T4, Lehigh Valley was
taken at 70 M nnd Pennsylvania wns un
changed Philadelphia Rapid Transit was
up a frnctlon, nt 20 H, but later reacted.
Union Trnctlon gained 4 and York Itall-uij-fl
sold unchanged nt 14. United States
Steel lost Hi changing hands at 88H
CURB TRADING ACTIVE,
BUT PRICES DECLINE
Advances at Start Are Not Main
tained Recessions in Im
portant Issues
Ni:w York, Aug. 10 Thero Mas nctlvo
trading on tho lirond Street Curb nil
through tho day, but whllo strength was
shown nt the start the advances were not
maintained nnd recessions wcio in ord.'r In
almost all tho Important stocks In tho last
halt of the day.
Chevrolet, nfter opening nt 209, quickly
dropped to 203, nnd United Motors, which is
Just now one ot tho most nctlvo Issues nfter
selling nt 0714 declined to C5. Tho Ityan
stocks wero fairly well hold with Strom
berg Carburetor ranging from 43i to 43.
The munition stocks wero In supply at
concessions, nlthough thero Is good author
ity for current statementn that nearly all
theso companies are receiving new con
tracts to the full extent ot capacity ot the
different plants. Aetna llxploslvcs sold nt
10 at tho opening, but yielded later In tho
day, nnd similar recessions after early nd
Mincea wero noted In stocks llko Mldvulc
Steel and .Submarine.
Lynn Phonograph wns stronger, moving
up from 2'i to 3. Tobncco Products sold
from 87 to 87 U Ilmerson Phonograph
declined from 10 to 9.
Tho Independent oil stocks wero quiet
and showed llttlo chungc.
Tho most prominent feature of tho Stand
nrd Oil market was nn ndvnnco In Stand
ard Oil of Indiana from C05 to 025, the
new high recoid. Mining stocks wero gen
erally inactive.
INDUSTRIALS,
Aetna llxploslves
Am llrlt .Mfs
Am Mnrconl
fhttvrolct Motors ....
CurtlHs Aeroplane , . .
Drlfc'KH-Sunli
i:mr raon l'honosritpti .......
Klomlah-I.)nn
Haskell . Ila-kor Car
Kntlioillnn llronzo pref
Maxim .Munition-,
.Mnnhnttun Trans
Mldvale Hteel
I'oirlcaa Motors
I'onlo Knit
H S Kreaiio w I
Htnnilanl Motors
Htutz Mntora
Htromberx Car
Hulimarln"
Trlanslo Film
U a I, unil U com
do pref
I'nlted Motors
-Vhltn Motors
World rilni
STAND.tnn oir. ktookh.
Ohio -JJ I
Prulrle l'lpo L'jn
Standard Oil of California Jilrt
Hlaiulitrd Oil or New Jeraey nir.
Standard Oil cf New York 'JOi:
OTiinrt oi r, stocks.
rnadrn A. Co
Houston oil
Midwest Hef
bapulpa Itcf
MININO STOCKS,
Atlanta
Ilutto Copper and Zinc
Ilutto N i .'
(Vrro f IMf.co
Flrnt National
(loldllcld Mericer
iieciL .Mininir .. . .
tlnwo Hound Hi
nid. Asked.
nW
in
"
:n.t
2"
11 I
,S.-4
1N4
J
J I
1)1
H
ni?
nn4
n,
14
1.1
os
11
America
Jim Ilutler
JumtM, nxtnnalnn
McKtnley Uarrah
.Macma Cannur
.
Minea in oi
Nlplaalna; , .
nan Toy
M Joseph Lend
Weat Knil Con
AVhlte Oala ...
Cerro fla
Marina (la ....
UONIltf.
RS
(II
. . i.-
:: 7S!.i
..110
.. uuli
UT.
20
SH
:ns
nn
luu
10
aii4
20
$
los
1(H
31'
$1
r,
diHi
l t
2(IS
mil
201
14'i
17
(III
arvvi
ii
r,
?;
nn
it
mi
in3
?'
I1V4
Jl4
U7
Sugar l'iitiirc-b Wt-aia-r
NKW YORK. Aug 10 The market for
sugar futures showed further weakness at
tho start todaj, with llrst prices showing
dtcllnes of S to 10 points The demand
was light und there -was llttlo In the way
of froth news from tho t-pot market to stim
ulate tr.idlntr ou tho exchange. On the call
October sold nt JUS and November at
$1.60, with tales ot 100 tons.
Statement of Dank of France
PAULS, Aug. 10 The weekly statement
ot tho Hank of l-'r:incu shows un Increase
In gold holdings of 5.1S4.000 francs and a
decrease in Miter or 601,000 francs.
B.A.
A
r
PUBLIC SERVICE
SECURITIES'
Publio Service Securities
are a lien on Die success of
communities.
C, Our Public Service Securities are
excellent example! of conservative in
veitmenta yielding a hi'iik return.
C From tkera you not only get a Urge
yield, but the assurance of safety that
comes only with obligations of highly
successful Public Service Companies.
C, We now have four different Bonds
that yield
1st 5f-2nd 5'-3rd 5tt-4th Gf".
G, They are well seasoned and have
been issued by companies with unim
peachable records.
C, Wc recommend them for invest
ment, and will hand you complete data.
Beicen Ayliig S Yong
Larvd Title Bldff. PhlladelDhltv
Wg. Philadelphia:
INVEST. IN MORTGAGES
AT 5.4
Recommended Jby
BEN T. WELCH
1328 Chestnut St.
EXPECT LARGE MilTISH LOAN
TO 1JE ISSUED BEFORE LONG
Will Bo Mnde Against American Securi
ties Held or Borrowed
Nnw YOnK, Aug. 10. In Influential
banking circles tho statement Is made that
negotiations which have been under way for
some time- with respect to n new British
ionn of largo proportions may come to n
bond at nny moment. One banker who Is
familiar with the whole matter said that nn
olllclai announcement of the loan might be
mndo sooner than had generally been ex
pectdc. On the other hand he stated that nothing
nbsolutcly definite nnd final has been dono
so far, but that tho negotiations htivo
reached such n stage that the whole matter
should movo forward very rapidly.
Whllo bankers aro unwilling to discuss
the details of tho loan It Is generally under
stood thnt It will be made against American
securities held or borrowed by the British
Government.
In the most nctlvo speculative circles
the opinion Is held today that this feature
of tho loan has been the most influential
fnctor In bringing about a sharp rise in tho
lending railroad securities.
Wants New Directorate Organized
CHICAGO, Aug. 10. II. A. Christy, ex
chairman of the board of dlroctors ot tho
American Shipbuilding Company, who re
signed last November after a disagreement
-with associates concerning the management
of the company, has Issued a statement
asking the stockholders to meet In Chi
cago to orgnnlzo a new directorate, It -was
nnnounced today. The American Ship
building Company operates a number of
shipyards on the Great Lakes and has
$30,000,000 of stock outstanding.
Cuban Raw Sugar Unchanged
NEW YOUK. Aug. 10. Alt refiners
ciuoted 7.25 cents for fine granulated today..
Tho last sale In spot Cuba raws was at
5.77 cents, unchanged from Wednesday's
opening.
NEW YORK BUTTER AND EGGS
NEW YOHK. Aug-. 10. nUTTKn Fairly
rooiI triule und firm market throuohout. n.
telpta, 111,907 rnckaBfa. The only quotation
cliunee la In creamery seconds, which vrerp
OffTeil at SUM UUii'l.
i:aus Hlgh-erude ateady; offarlnsa. laraelr
undergrade and rreaacd for aale. values ex
tremely Irregular. Mo crianie la quotations.
! 3
ELKINS, MORRIS & CO.
BANKERS
Land Titta Building
Philad.lphU
High Grada
Pennsylvania Tax Free
Railroad Bond '
Equipments
and
Public Utility Bonds
jrEMHEItS
new lortit and rmrjWEXrinA
STOCK EXCHANOES
Edward B.Smith Sc Co
EflTiaLIantD 1803
BANKERS
iltmltrt N'w Yrk and PMladttpUa
Block Sichanpet
1411 CniaiNDT Siutl, FHiUDttrau
B0 FIK1 ETSMT NSW YfSJt
BONDS
Careful selected securities, pf
proved merit.
Sand tor Circular.
MELLOR & PETRY
Member, j fi&ft tE ff
338 COMMERCIAL TRU8T BLpO.
18 SOUTH BROAD STHHET
RuZIERtvCb
INVESTMENT BANKERS
Broad and Sanson) Sta.
r
VUOl'Ob'ALS
WILLIAM STEKI.K
at., cava DiaDa una
manutucturlns building
11JJ SJ bONS CO...1SU0 AUCH
'".12. ltteatloii poatSt For
bulldlnlfa and fwuraf. tii&nf Ia
a II. A II. W PUlahur. to lk ttrftff iSun.
ty-flttb and Reed ata , PhllnJeloMi. Bids to t
iint to S. O. U W, ruiaher Co.. Ula afi
Rector ata.. Manuyuak. not later than Auul
lV ISIS, for tb attentioa of Ur. A. i!
Uelaher Proposals wlU b rccelrad en tb fall
iowlM lines of worlt', '
Kxcavwtlon. brickwork, atone maenrr, cat
stone, nrnamtctal terra. ootU. structural aUeJ.
mlacsUaneoua Ironwork. rooflns and aLVe
metal work, mlllwork, plasttruur, oestNkt
work plunjWna, palatloa and claalnav t.-ri-wara
marble tile and . terraixo .work, fraat
tank, radial btick stack, ciblcit, work. iXl
" , steel doors steel saso. fety trti.
ateel partitions, .etc, '
Tfce rlsht U reaerved la reject koy or all rs.
poaals.
LKUAL AUVEK-riiiKMEKTjV
KSTATS Of. aUlir UkUtU ltU,
deceased Letters itataaiMSiajr
to a
an .peraon i&3eaa ia u
art request
Ina- claims
above estftta nuvlns . basei. srasiUJ
tmA mil timrmftnA lJUfalUju3 ta ffh &a W jm
a requested ta make uyiuat, aaJTtae
Ur. to
peraon le4Md to tka.uol
to ertsct tbe tiB, vHUmi
604 Coenr&pswealS) MWt
niKetnoKV uf Attuuxrairm
frllaW ilkyi ftrriitintaaTlT
nun - i'ffl.1 C?.J T.7 gaWMS
'Si WRjUB4L.it S. MaaflWiT A GO-