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f
EVU.JN1NU LJSDuJWii i UiLAJjJiiLl'UIA. SATbKDAV, AUGUST 1 1916.
STEEL BUYING CONTINUES LARGE,
:flNANCIAL NEWS
LIQUIDATION MAKES
WHEAT PRICES DROP
New York Stock Sales
fr
1
m
COPPER STOCKS RESPOND TO REPORTS
OP EXTENSIVE FOREIGN DEMANDS
-- . .
Market Does Not Reflect Any Uneasiness Over Railroad
Labor Situation Information on Placing of New
War Orders Attracts Attention
Net
chg.
High Points of Today's Financial News
Neiv York bank statement showed an increase of $15,684,000 in average
W S2S,SU,000 in the actual loans for the week; The reserve decreased in
both statements. Dank clearings throughout th(; country showed an increase
of S5-6 per cent-above same period last year. Philadelphia's gain of SG.l per
ctht was third on the list. Steel buying was reported as continuing large,
with premiums offered for some products. New York banks gained gold on
money movement. Bar silver unchanged tn New York and up in London.
NEW YOIIK. Auc. 12.
The stock market In the two hours of tradlriB did not rolled any uneasiness
over the railroad labor situation, but Instead was dominated almost wholly by tho
pews In rojjnril to tho copper trade and by Information In regard to the placing of
hoW war contracts.
Tho copper group responded to tho reports of Uic foreign demand for the
metal with general advances. Anaconda was bought by some of tho strongest
houses on tho Street and made a gain of moro than 2 points In tho first hour,
then selling at 83i. nnd was followed by Inspiration, Kcnnccott, Chlno and Utah
Coppeft ft)1 tneso Issucs making gains of moro than 1 point.
Butte and Superior was tho strongest of tho munition stocks, advancing 2
Mints to above 6S, and American Zinc mado a gain of 1 point to 34. Heading had
6 strong group of Its own friends, with C. D. Barney, A. A. Houseman & Co. and
jj Keech & Co. taking the stock In largo blocks, as they did last May.
The motor stocks were also active and strong. Marino Issucs were exception
ally heavy, both classes of stocks being sold because tho plan of reorganization,
Dublishcd this morning, makes no provision for payment of accrued dividends on
Preferred stock, but leaves that matter In tho hands of the now board of directors.
Wi
"M.
10334 103 V
03 0814 194
33 34
(11 14 04 H
KlYt 2Vi
180V4 180U
27 27
3114 33
1
''hi.
2V
103 "A
flfl "i
(13 1
mi
3(1 V
444 1
'..
OSV (18 3',fc
17376 17371, XM
COTTON PRICES UP,
BUT MARKET IS SMALL
Limited Liquidation Easily Ab
sorbed at Advances of
6 to 8 Points
COTTON IJEJ7T WBATHEH.
wrW YORK. Aar. IS. Rnlns were rp
JJJd In 111" antral eastern action of the
Jaedi A.hJVllTe. ft" KnMTllle. l Nash
tffli 74i i Anil ' n Antonio. Oklahoma.
I It" Mcrlrtlnn. ChntlonooM. Atlanta
?JS ltalelell. 701 Hhreieport. J-lttlr Hock,
lkktbnrr. Montgomery, , Birmingham.
2i'S?iS Tmnim and JneksoiiTlllc. 78t
f.""'i". "New Orleans.. Mobile. rnatoi.
and Wilmington. 30
imlAa(ltl
Tlicre ".,w.f. .---- .nn inrh At
SI Kfchi .10 Inch nt A.l.eYiil . ,30 Inrh at
SvLvaTen,... a ttoisa
it Jatksomllle.
NEW TOniC, Aug. 12. Business was
tmaller on tho cotton exchange this morn
tar. but the tone was steady, with prices 4
to g points higher. Some limited liquida
tion was easily absorbed by Important
dr. uptown Interests and Wall street.
A supply " from commission houses.
New Orleans and the "West.
The market ruled very Irregular during
the late morning, with prices selling up to
a net advance of 638 points on demand
from. pot houses and Bhorts. only to react
to about 14 30 for January under a re
newal of active long liquidation from both
local and Wall street sources.
A feature of the trading was tho demand
for October from several of tho lending
ioot firms. Part of this was believed to
represent spinners' calling. Southern news
tu$ conflicting.
Damage reports came from the Southwest.
while from some eastern belt points Im
proving conditions wero reported. New
Orleans said that spots were In demand
t c above quotations, A Texas dispatch
aald the spot basis was easing.
The weather map showed precipitation
in Georgia, Alabama and the Carollnas,
with no break In the drought southwest.
Temperatures were about unchanged.
The Liverpool market was closed.
The receipts of cotton at the ports for
the day are estimated at 8000 bales, com
pared with 11.S90 baie3 last week and BUS
bales last year,
October
December
Jtmisrr
lurch . ,
Mar ..
July . . .
.loot ...
Tea. close. Open. Hljtti.
1.1 fin 14. OT 14.12
..14.22 14.28 14.34
.14.32 14.33 14.42
..14.48 14.50 14.35
..14.58 14.115 14.08
.,14.71 14.70 14.70
..14.10
I,nw.
14.00
14.21
14.30
14.44
14.33
14.07
Close.
14.12
14.33
14.42
14.33
14.08
14.67
14.10
Cotton Buyers nnd Sellers
NEW YOfUv. Aug. 12. October Lester
Behley, Wenman. Mitchell and Wilson
bought; Shutt. Martin and Itountree sold.
December Hentr, Schlll, Wilson, Geran
and Watklns bought: Downs. Itountree. Hy
man. Newman, Black and Hubbard bought ;
Downs, Young, Kelffer and Schutt sold.
January Montgomery, Mitchell, Wen
an, Black and Hubbard bought; Downs,
Young. Kelffer and Schutt sold.
March Burnett, Glfford, Shearson and
Rosenberg, bought ; C. Hicks, Cone, Hentz,
Bchlll and W. Qumoens Bold.
May Hartcorn, "Wlggln, McEnany and
Farrott bought; "Wenman sold.
July Montgomery bought; H. Hubbard
told.
Cotton Statistics
Aug. 12. The statistical pi
aa made UP byi Saturds
ilcle. ! aa follow:,
iosl-
ay's
NEW TOItK.
lloa of cotton
Vlntnolal f....t.,.
-rnis weeK. x-asi -wee. --. -.-..
!?! 8.03,430 8.14.324 4.234.023
..lean .......
Total in tight
August 11
lean "....,. 1.079,459 2.029.324 2.009.023
184.693
140,019
$100 BONDS
p c.
Alberta, rrovtnce of 4V4
fin For Beeuc 8-year ,- 3
Aoato-French ,. .. B
Arientlna Govern .,.,... B
Xjr or liaiumoro 4
City of Chic Harh con.. 4
City of New Orleana Imp 5.
S3
0,1U
831
0H
V9
City of Vancouver
N I city rea .
A'a. Vlcka Ut i
Clnlral -Vmm 1. .
m. "C B to Din .it
w .cir a h. t .; .
r. - o' akvn a a tun
.,- ill
NVcitj .::;:: a
A1 Vlcka Ut con .... 5
,10.0tl,K lit.... B
-,,r.L Ver lit r .... 4
Jit
gol k Bo ref eat.
G"" n con aer u .... 4
T Cen conv deb ...... B
85 9 L(Erle) lt.... B ,
S I M i1 " cv deb ctf 8V4
e.IN.H It cv deb rear 6
S.'k Wtit lat con,.. 4
,ab A L lit con ..."., 8
'MnlnUn flw, i,t .... 3
At Chem cv deb .... 8
iS'lJt" Secur d,b fl
7 A. T i. " irciii,,.,
gjWeeTsr-:::::
rVi L!,J?,P 1' re , .,,
5"',ai t Eleo lit.,
t Wet pow cv deb III
H,s"l lat cod . I"
hfii'.V" lat ........
Myan deb rer
V-X?'1-P
. ...ru u re ....
;.ortllard deb rear,,,:.
lerce oil cv deb ......
'ant Pow ;ltf ref
' ,Y Air Brk tat cv ....
flaconila 1541 cv deb .,
Due.
1024
1010
11)20
1043
10d2
1U17
iun inn
1023 03U
19113 107H
1930 102
1921 03
1A.MI 1)R
1020 80K
inr' no
2014 1064
10B2 JUU,
1033 B.
1033 84
1033 112
1018 00
1036 70
1DJ 111
100d 03U
Bid. Aiked.
u"
03U
03
87
ioi
lOSti
103
9
64 107J4
O 10l(
2!i 83 W
Da
113
7i
84i
99I
84H
99
OSU
83 U
08'!
97H
86
1043
4 105O
3 1062
3 1924
A 1925
4 102U
4l 1933 103
& 1042 100
3 1925 100
5 1943 07H
3 1918 1014
B 1949 07K
sis 1B4.P ;., ...
a IVii DS 1A
87!i
109
ion;
102
osu
103
03 K
lu.n 02
1919 ioo;
1914 123
19S1 100
10.14 123
1931 100
1924 82,,
1043 97H
1928 102
1924 97
ua
101
124
101
83U
93S
RAILROAD EARNINGS
WESTERN MARTIALND.
L&VSL 7fk Ant $222,800
fcTooa July l l!lB7.MJ
Knnitmnu uifTure.
Pft week Auguit .... 1 1.483.000
iW 1 8.102.000
Increaie.
20,783
121,949
1127,000
1,30 a, ooo
BANK CLEARINGS
M... ... J?J ...
fcstr $.833:790 TMzXh umMi
feet Wheat Steady at Liverpool
UYEHPOQL. Aug. J. Spot -wheat w
J4y tnd unchanged today, with Aua
.traUau quoted at 14 Jd. o. S red wlnUr
J 4d, mqi Na 1 Northern Manitoba at
Id crn, -was qult and unchanged
S Americaa wlxed quoted at JOs 6d, ana
t t Ha Id. piouy was ft, unchanged.
New York Bond Sales
nuh.
30.1000 Anclo-French 3 1ISJ4
lliilU Aincr Hide & Sea 6s.. 08JS
1100000 Amer Korelan Seo Be ns
2000 Amr Tel evt 4tta..l0t
lonoo Amer Thread 4s .... 98'i
iiiiiiii mpr ur r ititi im. . n i
nimo Atchlaon Ren 4s....
Miuu uo mil 4S
Low. Close.
OS'.i "iU
bl
02i
834
03
(IN
100.,
Ml
924
l4j
vhC
iis,4
Km
l)!i
SI 4
fll)ll da pv 4s 1033 10:iW I03V4
3ono Halt & Ohio s kioh luo'i
lonu do 4s DOft
1000 lleth Hleol 1st tlx. .. .lniji
10(H) do rfd r.s 100
coon Hrkn IUp Tr 3s 1918. loo
1000 Can Gov 4s 1921.... 00
1000 dn 4a 11)211 01)
1000 do 4s 1931 100
400(1 Cal Ous tt niec Os.. DSjl
12000 cent rac 1st 4s 87",
12000 Ch III Coi)H,T Ts 124
8IJ00 (.'lies It Ohio cv 4V4s.. 84
11)000 do conv 3s !3'
:h
834
103'5
inn's
mivi vim
miU 1ini
Yi ioo iui)
Vi 100 UMlJJ
i. miir finlL
004 0!)
100 1011
08'i OH'i
loo
33
20
40 (h
39i
03 Y
130
00 V,
44
70
01
43W
3014
C31&
V,
XA
ii
1V4
Yn
3000 Chi fit st 4s
11000 Chi II & Q Joint 4
3000 do Rrn 4s.. ,
101)0 Chi II A Q III 3tts..,
00 N
07
03 I
H.ljj
noon chl M it m v cv 4Hs.loo iooh
1000 Chl It 1 & ! rfd 4... 71s4 7lH
123i 124J4
J4 84k 84
'I lis': oaU
09 Vf
07J
H3H
R.l
l()0i
l)3'i
nut
"lis
'':
83Mi
i Oas ronv s 122W 122J4 122
i 4 Illn Ur li 7N 78 78
roll United 4 Vis... 80I 801 80 i
do cons Os linji 10i4 1111J4
N Y C I. S 3(4 a 73 73 J 73 4
N Y 0 tt 11 (Is 1121 112 i 112
do 4s 90U OOU on'i
40000 do Ss 03
13000 do Bs ct one stn.... tin.
1000 Col & Houth 1st 4s. ... 81U
uioo chic Un Htn mil.
-'nun con
1000 Den
itmin uetrnii unucn ivss... ou-4
10000 111 steel deb i 004
1000 Indiana Steel 3 102U
1000 Iowa Central 3s...... SilVi
BOOU III Central rfd 4s-t.. 844
14000 Interb llct 4V4s 73H
ROnil Inlrrh It T ref 3fl.. ON
230000 Inter Mrr Mar cl 4V4S.107
3000 hnck.l Steel 3 1023.. 09
110(111 !,k Hh deb 4s 1031.. 94
110DU I.IK 4 JI T 7a 12
21100 I,on Island rfd 4s.. 88
1000 Lorlllard 7s 124'i
7000 SIo I'nc ct 4s 48,
BOO do 4s 411
mnnn .1,1 ..i ( .ia lolT.. nr.
1000 do cons Os , 1011
3000
30001)
nooo
r.nnil .In inn 4a . ft
700(1 K Y City 4s 1009.... 100U
noon do 4V4s 19(15 107
2000 N' Y Hwy ad B S9i
8000 N Y Tel uen 4 lis.... 071
10000 N'orf tt West 4s 02H
1000 Nor Pac prior 4s HI
1000 Oro Hwy It N con 4s.. Olft
2000 Poc Tel 3 1004
40000 Pennn ern ct 4Ws....l0114
SHOD do V?tn 1021 lOOti
1000 .ubllc aerv N J Bs... 97i
0000 Ileadlntr Ken 4s 03
28000 St I. S y In w I ... 33
12000 do Ken ct 4s 71,
0000 do Her Awl 081
iii)i) Kcanoard A I. noj os.. ";
3000 South Pac cv 4 87
UOOO do cv ret f p 6 1041
B000 do rfd 4s 804
oimiu soum liwy acn is., m-i
0000 do ron 3s ion;
"lion Term c ret full nsld.
3000 Third Avo ad) Bs.... 70
11000 II S ritcel S F B8....103
4000 U S S It 6s Ill
1100(1 Union Puc 1st 4s.... 93
1000 Un uwys S F 4s...
1000 Vn Ilwy Bs
33000 West E t- M cv 3s.
I'UOO AVest Union Bs
(12
00.
01
101)
(121
0.,
ni'i
100
lllah. Ia. Close.
Alaska Oold Mines 17V tt "Yt ','",!
AIlls Chalmers .. 23H 2 J?
do pfd 77 7W 11 , '4
Am Ae Chem.... 76 74i 74 Jt
Am B Sunar B8H 83 "J
Am Cnn ...,... BBW Wi MM
Am Car & Fdy... SOW SO BOMi
Am Coal Prod.... US 143 143 .....
Am Hide & Jj pfd. S7H 8BT or -J
Am Ice JW 2Vi 2W .....
Am T.lnseed tifd.. 4S 43 43
Am Locomotive .. 72J4 7214
do pfd 103
Am Smelt OOi
Am 7,1 nc 34
do pfd 04H
Am Steel Fdy 32 V4
Am Tel & Tel 130V
Am Writ Tap pfd 27
Anaconda Conner. 331!
Atchison 103,4 103
Att Gulf & W I.. 06V. 06
do pref 03 03
Untdwln Loco ... 73 12Tft
Halt & Ohio RO 80
llcthlehem Steel.. 444 444
Brooklyn Oas ...131W 13U5 131V4
Drklyn Han Tran 84 84V4 "4
Butto & Superior. 08W
Canadian rnclflc. 170s
Chandler Motor ..100
Contral Leather.. 33
Chill Copper 20
Chlno Copper .... flo',4
Chlo Great W pf A 30?4
Chlo Mil & St I'.. DOVl
do pref 130
Cont Can 00 U
ChlcaRo Vn Tr... 180
Col Fuel A Iron.. 44
Crucible- Steel.... 70H
do pref UG',4 110
Cuban Cane Sup. S4 0414
do pref 04 Mi
Distil Securt .... 40
Erie 30
do 1st pref 6S
Gen Klcctrlo ....108 108 108
Oonernl Motor. ...385 3BS 385 3
do pref 1101. 118 118 V
Greene - Can ... 45'i 48 4ST(i 1
Goodrich Co 73 72 72
Gulf St Stl list pr 05 05 03
do 2d pref .... 83 83 83
HI Ccntrat 101 101 V 101 Vi
Intcrboro Con . . . . 10V4 10 16V4
Intcrnl Paper ... lnifc
do pref 74Tfc
Inspiration Con .. SIU
Int Nlcltcl 44
Int M M t o .... 28
do pref t o ... 1)4
Kcntio Cop 40
Kelly Spring .... 70
Lncka Steel 71
Long Islahd 34
Lee Rubber 43
May Dcpt .Store. 01
83
00
3
35
4
1
01
73T4
Bullish News Is Without Much
Effect Frost in Canadian
Northwest
fltlAIN 1IKLT WKATiir.R lOItr.CAST
C'llfCAno. Ann. 12. The weather fore
cast .for 30 lioitrs follows! .
Illinois dene mllr fnlr tonlcht .nnd prob
nlilr Siinilnrisllshlly warmer Snnday, eiceot
exlreme nnth.
Ml'
(lencrnlly fair tonlahtl probably
Unnrl-
not niitcli chance In (emnerntiirr.
. uUennsIn I'nrllv eloudr tonlalit nnd flun
dnyt nrobnldt showers wrt and norlhl not
mnrh rhnnae In lemnfrnlpre, .
.Minnetotn Shower tnnlaht and Sunday!
a niial vliittiBa ts, lamnaA I BirA
iiuj laid i inijin iriiiiiriiuiiii an , .
-rronnmr rnir tnniani nun nmranii
low n-
flTI
and
100
33
20
30
38
00
130
09 V Vt
18
44 (-
70 V V
110
34 t
01
48
3(1
33
1
1
l"m IMI',
1024 102'i
MZ 80W
84i 84 (I
73, 73i
D7' os
J4 107H 1071
Vi 04H 94.
124 124
HS 88
12IU 124'1
48 4S'4
40 4(1
93 93
8.1
100'i
1074
7;
0J
91J1
1001
101"i I"li4
loo'J ion'4
07i 97t
H.1 11.
32'4 33
H.I
100 J
1071
38
07S
021
Oljl
01'4
1QS
031
(14 I
87't
801
, fl''
71
us'!
64',
R7J?
104
80T
J, inoli inoj
i 4 a&
ll!l 1U)4
t
.101
104
111
H
H2l4
08S 08i
101 101
111
ssn
Total sales. 32.460.000. compared, wljh J853..
000 last Saturday) this week, 317,40 1,000 1 last
week, 313,330,000.
FOREIGN EXCHANGE DULL
Few Changes During Week Estimate
Amount of New British Loan
The market for foreign exchange In the
week just closed continued most of the
time in tho rut of extreme apathy that had
prevailed In the last half of the previous
week. On several days there was abso
lutely no variation In quotations between
the opening and closing markets. At the
very end fractional, Irregular changes were
In the main to bo noted.
Italian exchange at the 'outsat shaded
a couple of points, but afterward strength
ened on the military successes of the Italian
forces. On the other hand, sterling was
virtually unaltered from the final of the
previous week, rubles were about 2 points
lower and francs declined to 5,92 for checks,
the lowest figure In about two months.
This last weakness was unexplained, ex
cept as possibly due to Increased purchases
by the French Government of war muni
tion apd supplies.
Further consignments of American secur
ities were received either for sale in, this
market or in preparation for the expected
new collateral loan to the British Govern
ment and bankers. It was stated that
preparations had progressed to the point
where an announcement might be made
any day. Some authorities, however, ex
press the opinion that the loan may not
be Issued for another month. "
The amount of the Issue Is variously esti
mated In the neighborhood of $200,000,000.
The loan will be made. It Is understood,
against American securities held or bor
rowed by the British Government.
FOREIGN. EXCHANGE
NEW YORK, Aug, 12. The foreign ex.
change market today showed tho usual half
holiday dullness. There was little or no
feature to the market aside from an Im
provement of In French exchange.
Quotations: Demand sterling, 4.75 11-16 :
cables. 4.75 7-16; SO.day bills, 4.71i j 90
days. 4.69W; franc cables, 6.91U ; checks,
5 91; relchsmarks cables, 72U: checks.
72 3.16: lire cables, 6.47; checks. 6.47H !
Swiss cables, 6.28,;; checks, 6.29; VI
enna. 12.35 and 12.38; Scandinavian, 28,80
and 28.90; pesetas. 20.14 and 20.20; guilder
cables, 41 5-l; checks, 41; plus, MS;
rubles, 30.40 and 30.46.
KATES FOR MONEY
can. , T"a-.,
New Tork .,....,,.. 2 8W JH 44
Pblladelpbla , V gju
Boston ""' 804 4 SIS
CComme'rciaf pVper.'tbre'e 'to six months. Phlla
delpbla. 4! Q4K Pr cent.
Reserve Banks' Discount Rates
10 or
leaj.
. 3
Roaton ...
New Tort. .
Philadelphia
Cleveland ..
JUobniond , .
Atlanta ....
Cblcaso ...
St. Louis.-..
Minneapolis
Kansas City
-"-.?ul.
Ovr. flO.
nAitoii ?
Over 10
u,tosf
Over SO Over 60
up to 60. up to 90.
3U
3Vi
H
New Tork...
Philadelphia.
Clatebind
Richmond
Atlanta
chlcaao,
Bt U)Ula
Mlnoeapola
Kanta City.
n.llal . . L. .
flsJi'FraaolKOj
3
6
ctXt
4
1
t
4
4
1!
Trade acceptances.
UP WTO uptovq,
I
3 V
f
I
4
IB
day it ovr
Jo to eo,
-jl -
UD b " " "i. m .. ' 'I
9 ti 90. ii Pr cOi; 0 iv. Jr caw
1"
P
Com
modity. 8H
V4
is
?:
10T
7
31
44I(,
27
02
iOV,
1V4
i
n
H4
00 Vi 10
71 Vi
34 IV
40 1
01 1
811 Yt
10
74
40
44 U
27
02
43
00 tt
71
84
43
31
8114
07"i
3
34
4
4
01
73
130 135
17Tfi 17 17 V
104 104 104
120 129 129
on no an
nitt 110 110 tt
33 BB'J4 ilSI'l
84 83 84 3
31 tt 4 BOH ltt
133 108 103
48 43 43
21 24 24
103 101 101
4314 4314 431)1
0714
3
33
4
4
01
73
133
Max Motors
Mex Pot
Mo Kan & Tex . .
Miami Copper . . .
Missouri Pac
do pref t c . . . .
Montana Pow . . .
Nnt Cloak & Suit.
N Y Air Brake . .
Nevada Con . . . ,
V Y Centrat . . . .
Norf & AVest
North American .
North Tac
Pcnna It n
Pitts C C & St I .
Pressed Steel Car.
Pullman Co
ltwy Stl Spg
Pay Cons
Reading
do 2d pref . . . .
Rep Ir & St 47 -7tt
do pref Ill HI
Shat Cop 28 27
So Pac 08V 08
So Hwy 24 24
do pfd 08 08
Studebaker 120 123 128
Tenn Copper .... 2fltt 23 25
Un Bag & Paper. . 8 7 7
United Cigar Strs. 104 103 104
Union Pacific ....130 13814 130
U S Undl Alcohol. 110 100UI0
tt
tt
tt
47',
111
28 1
03
24
08
U S Realty 101
U S Rubber .... 35
do 1st pref ...10014
U S Steel 88
U S Kxpress .... 30
United Clprar Mfg 48
U S Smelters .... 71
Utah Copper .... 80
Utah Sec 17
Wabash 1314
do pref A 40
do pref II 27
Westlughouso Kleo 38-74
West Maryland .. 20
do pref 40
Wisconsin Central 40
Woolworth 135 133
Willys-Overland... 35 51
do pref lot lot
Worthlngton P... 27 27
lot
101
35 55
inoi4 looii
87
30
48
70
78
17
1314
4914
27
38
20
45
40
87
30
48
il, fnl. tnnlfflit fin
Mltthtlr mariner ionlcht nest and renter nn
norm fnntiay. ... , . ,
.North Dakota Unsettled tonlaht. prennblr
shower east nnd eenteri Sunday partly
elomlr, sonienhat warmer.. . ,
.Noulli llakotn rrnlmhly shower nnd
slightly wnrnier (onlahti Sunday partly
clnmlT and nnrmer, ... .
Nehrnskn rrohahlv fnlr lonUht nnd Son-
dnri Mnrnirr rust tonulit. ... ,
. Knnn-(lfnernlly fnlr tnnlalit and Bnn-
ilayi somen hut warmer northeast.
CH!CAao, Aur. 12 Further wcaltnes
was shown In the wheal market this morn
ing, although prlcei rallied from the bot
tom. Liquidation for over the week-end ap
peared to he popular nnd moro bullish hcwb
did not have much effect In the early deal
ings. Frost occurred In tho Canadian
northwest.
September opened nt $t.42i TT $1.42.
ngnlust $1.13 at the close yesterday, nnd
sold down to $1.41. later rallying to
$t.42t; ; December rnngod from $1.4(1 to
$1.4417, compared with $1 46i, yesterday's
last price, later soiling nt $1.45. May
opened nt $1.50ifi$1.49H. ngalnBt $1.51
nt tho end yesterday, but moved up to
$1.50 later.
Tho market, nt Liverpool was firm on
dearer export offers, more unfavorable re
ports as to the crop from Canada and Indi
cations of light shipments from America for
tho week. British merchants showed moro
confidence In current imotntlons nnd ex
perienced dlfllculty In buying winters.
Offers from India, Argentina and Aus
tralia were freer, but It was hard to get
tonnage, and high charges will prevent
hpitvv r-xnnris frmii those countries. The
weather In Argentina continues warm and
dry over .1 wide area.
Tho receipts at Minneapolis and Duluth
todny wero 33S cars, against 144 cars n
year ago; at Winnipeg, GS1 cars, compared
with 22 cars; nt Chicago, 201 cars, con
trasted with 712 enrs.
Improved weather and scnttered selling
caused nn easier lone In corn. Tho re
ceipts hero todny wero IIS cars. Tho mar
ket nt Liverpool was dull.
Oats nlso declined In the early dealings.
The rece'pts hero today were 727 cars.
I.onillnx futures ranced nn fallows:
Yes'd.iy's
Open. UUh. Low, Close, rlo".
1.427s 1.41 1.I1J4 1.43,, 1.43J4
1.411 1.47 1.44 4 1.4I1'4 1. 1114
Mny l.r.0 1.31i l.lO'i l.BU. M.rii
I orn (new dolltcry) .,
Sept C3,, M'i
Wis
4l'i
71 1
1
80
17
1314 tt
1014
27
.88
20 tt
40 1
40 1
135 4
34
104
27 2
Total sales. 238,100 shurrs, romnarrd with
30,200 shardi last Kntnrd.ivi this ieek, 2.077,000
shares! last week, 1,571.400 shares.
Financial Briefs
;at.
Total exports of specie for the week
ended August 12, 1916, as Issued by the
New York Customs House, amounted to
$3,24?,945. consisting of silver $1,125,7SG
nnd gold $2,124,169., Silver bars to London
totaled $834,094.
The Philadelphia Ship Repair Company,
of this city, has filed notice of Increase of
debt to amount of $45,000, for purchase of
additional facilities, at Mifllin street wharf.
Gross earnings of 35 railroads for the
fourth week In July were $20,837,695, com
pared with $17,636,279 during the corre
sponding week last year, or an increase of
$3,202,416.
It Is announced In Xew York by John
W. Patton. chairman of common stockhold
ers' committee of International Mercantile
Marine, that his committee had authorized
publication of plan of reorganization. It is
expected plan will be given out this eve
ning. Secretary MoAdoo approved designs for
new silver 50, 25 and 10 cent coins. They
will be made at the Philadelphia Mint and
bo ready for circulation the latter part of
September,
Banka lost to the New York Subtreasury
Friday $1,035,000.
NEW YORK COFFEE MARKET
NEW YORK, Aug. 12. Tho market for
coffee- futures opened quiet this morning,
with no sales on the call and prices un
changed. The demand for spot coffee has been
good, with the market firm and with the
better grades becoming scarce. Rio No. 7
was quoted at 3 He and Santos No. 4 at
107ac.
Recent estimates of the present Santos
crop are placed at 9,750.000 bags, and Rio
crop at 3,750,000 bags, these figures being
considerably under earlier estimates. The
situation In Brazil continues firm, coffees
not being unduly pressed for sale. The fu
tures market here was Inactive.
Today's Today's Teaterday'a
onanlnir close close
.00 0.13a.lB 9.1000.12
.... 8.03&8.70 S.81S.fl3
86408.77 b. 7208.75 X.I15W8.IM
.... 8.73&8.7a 8.038.70
.... 8.774J8.78 8.728.73
8.70O8.S0 8.70Q8.80 8.7308.70
July ........
Ausust
September ...
ucioocr .....
i.oer ...
N'oveml
uecemoer
January ...
February .
March ....
April '. t .
May
June
Bid,
8.848.85 8.6008.82
S.SOtflft.OO 8 83 08.87
8.830B.95 8.93Q8.93 8.80H8.92
:.,. 8.90OS.00 8.9308.97
8.93 09.03 9J13gB.0S 0. 00 g 9. 02
...... .... tf.USOV.4V tf.U3WV.UI
Total sales, 27S0 bans.
LIVE STOCK QUOTATIONS
10t20o :
0.83: eoc-
CHICAQO, Aur, 12. HOG8 Receipts. 13.000.
UU VUblUVI.
09.'
rouah
10.63; pUs. 18.35
stssdv.
Iters. 13.73 O
.,..!., mn2Vi TnviF. Ulxsa
19.65U10.83: sood heavy. . 110010.33
heavy. $9.8009.90- llaht. iio
II io; Dime, tiuviUiiv.
CATTLE Receipts, 1000, . Market
n..v.m ia fisfflio s.l. nwi and fullers
8.90: stockcrs and feeders. S5.1307.7S; Tcxsns,
..,nlil(l' ralv.i 111) nul2 811.
SHEEP Receipts. 2000, Msr.et steady
tlva and -western, is m,, u
11 SO.
NEW YORK BUTTER AND EGGS
NEW TORK. Aus. 12. BUTTER Receipt.
3975 packages. Uarkst Arm. erlta eoctiausd
fair tradbsf QuoUttonj nchnd.
EGG3 Receipts, 13,343 cases. Tons IrrsaT
uUr but Una. uottlo uschiastd.
Mi.
$8.63 O
Sales in Philadelphia
Net
Utah. I,ow. close, chao.
8 R & S t C. 40 40 49"Ji V
3 Eleo Stor.. 38 8 8 .....
20 Ins Co NA 23 284 iS
200 Int M&MtO 27 27 27
400 Kenna Cop 40 48& 40V 4-14
13 Uh Vnl .. 70 70 70 V
SO Nev Cons. 17 17 17
214 Penna It It S3 . 33 86
IS Phlla Klcc. 28 28 28
120 PRT trctfs.10 10H 10V4 V
10 Phlla Trac 70 70 79
120 ttay Cons. 24 J4J4 24 4-
140 Reading ..103 102 103
73 Ton Bel .. 4 4 4
80 UnTrao .. 44 44 44
2 U a I ... 87 37 87
1 Un Cos NJ.223 223 223
038 U S Steel. 88 88 88
Increase. Decrease.
Total sales, 2038 shares, eotnnared with 2108
shares last Pnttirrinri (his neek, 31,204 shares!
Inst neek, 24,022 shares.
TIONDS. , Net
High. Low. Close, elite.
83000 I.eh V cons
4Ub 2003 00 00 00 4-
2000 PhCo CS Bs 87 87 87 1 V&
1000 Phlla Kl Bs.101 104 101
2000 lteadg gnls 03 115 03
Increase. Decrease. '
Tolnl sales, 810,000. romimrnl with 33000 last
Snliirdnyi tills ueek. $200,0301 last week,
$319,430.
Local Bid and Asked
Wheal
Pept. . . .
Hoc
Dec
May
Oals
Sept
Dec
May
l.nrd
Snt
OU
Dec
Itlbs
Sept. . . .
Oct
Pork
Sept. ...
Oot
Dec
Bid.
:: .81
. . 43j
..13.40
..13.42
..12.80
.111.13
..13. HO
..23.30
.23.45
. '23.20
tABked.
70tl
734
t72i
7SH
M
70,i
74
SI'S
47H
30I
43
4lli,
til.
1U
ro!i
434
484
t-Vi
13.17
i;i
13.33 tl3.4
Ti;i.i
43 13.37
40 1 3.1 2
Tia.47
12.83
14.35
13.82
23.32
23.67
-J.'.Ti
14.10
13.77
14.10 14.20
13.80 113.87
tliildwrln
J 11 llrlll
Burr tt sus t c
tlo pfd to
Kleo Sim iirs
(len Asphalt
do DM
Kej stone Telephone .
do t c,
do pref
Lake Superior Corp...
Lt-hfBh Navigation . . .
Lehigh Valley
Lcliluh Valley Tran .
On pref
Pennsylvania
I'nua uiectrie
Phlla Co . . . .
do 5 per cent pref.
do tt per cent pref.
i-iiim ii i i c
Today
Hid Asked
73
43
fl7si
33
mm
in.
.3.4
311
311
MK
Ill's
23.00 123.25 23.47
23.50 25.33 123.83
23.13 23.25 728.15
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WIinAT Receipts. 70.733 bushels Prices
opened lc lower, but the loss was slnco entirely
reroxered under similiter outside advices and a
fairly active demand. Quotations: t'nr Iota.
In export elevator No. 2 red, spot. 11.4401.47
N'n L southern red. S1.42Q1.45: steamer No. a
41 41 itl. 41; No. 3 red. l. 4111.44; rejected
, , ., ii. ..,..i.ii ii ti mi nn
"CORN Receipts, 187,83d bush. Tho mnrkot
was ciulet but steady under moderato offerings,
quotations: Car lots for local trade, aa to
location, western No. -', yollow. OSBOOci do.
steamer ellow. O4J03c; do. No. 3 yellow. 92W
U3c: do. No. 4 yellow, SOWDOc.
OATS Hecelpts. 02.741) bush. There was lit
tle trndlna, but values were steadily held. Quo
tations: No S white. B1M Sr.V.'c: standard white,
50Vif51r; No. 8 white. 40tiS0c; No. 4 white.
4014 474c aaniplo nnls. 43'4 044V4c.
KLOUlt Receipts. 223 bbls. and 1,043.030 lbs.
In sacks. Demand was llcht. but mill limits
were firmly maintained. Follnwlnir are the quota
lions, per lll Ilia In wood Winter, clear. J5.73
3.23; do. stnileht Jd.25WU.76: do. patent.
Jfl.76W7.25: Kansas, clear, cotton sacks, tnir
11,10; do. straight, cotton sacks. J8.50O7; do.
patent, cotton sacka. I7.23O7.B0. spring, first
clear. J3WU.73: do. straight, 1B.75W7: do. pat
ent. J74f.S;do. favorite brands. 18.25g8.5U; c ty
mills, cnolce und fancy patent, J8.23 8.30; city
mills, regular grades Winter, clear. J3.75j
11.23: do. atrulKht. tU.23O0.7S; do. patent. J0.7B
7 25.
RYB FLOUR ruled firm under light offerings,
hut trade wan QUlet. i'n nuote nearby at 15.23 O
3.75 per bbl.. and western at J3.500.25.
PROVISIONS
The market ruled firm, but there was llttlo
trading. Following are the quotations: City beef.
In sets, smoked and alr-drled. 28c; western beef,
tn sets, smok-d. 28c; city beef, knuckles and
tenders, smoked and alr-drled. 2c; western
beef, knuckl-s and tenders, smoked. 29c: beef
hams, 428403U; pork, family. 427.60,028: hams.
t)7 P cured, locse. lSUW18i4c: do, skinned,
loose. 10'i 10'ic. do. do. smolied. 20U 2l)14cj
other hams, smoked, city curea. as to brand
and average. ll'Wc; do. hams, smoked, western
cured. 19ic; boiled, boneless. 34c: plcnlo shoul
ders. 8. Is, cured loose. 14c; do. smoked. 13c:
bellies. In pickle, according to average, loose.
lOtto; breakfast bacon, as to brand and average.
city cured, 2te: do. western cured. lBtt20c;
lard, western. reBued. tierces. 14MOI do. do.
tubs. 14',ic; do. pura city, kettl rendered. In
tierces' 14'4r: do do. In tubs, 14Hc.
REFINED SUGARS
Tin market waa quiet and unchanged
Re
flners- Hat prices: Extra ftna granulated. 7.23c:
powdered. 7.35c: confectlonera1 A. 7.15c; soft
grades, d 3UV7.20c.
DAIRY PRODUCTS
BUTTER There was little wholesale trading,
aa usual on tha last day of the week, but offer
ings of desirable stock, wero moderate and values
wero firmly maintained. Quotations: West
em aolld-packed creamery, fancy specials. 33e,
extra. 8l32c; Mtra .firs .,, aoOSOVscs firs s.
'Uie"ut c. specanaa. (wu'-ojiui ".v:.. '":-
tanov. H4e: do. meruce eXtrtt, BJWWC, QQ
Tlil'tiWc;
erase
t t 6 A A tn
tCOipia " ll tivmn cn
Hrtit. 2UOB1C ecqnds. liflWiVaCi joDDinir aaiea
or funcv print 37W4U
were kept promptly cleaned up t flrm ptlcea.
We quote 'aa
extra 32u 1I
standard cave;
caen. jnearby
futlowa: In free, caaea. nyi
iin nAfirnv nrais io.iuvu
nearby current receipts, 7.8ut
western extra firsts, JH.7Uiftf.BU per case: do
firsts. JS. 1008.40 per case; fancy ec,i
candled fresh gga were Jobbing at 3Ut37c
per uoz.
ClilSESR Offerings wero light and the ma r
.t Jni.,1 flrm with demand fair,. Quotations:
New York, full cream, fancy. 17H V 7IH.9?!.
Vet ruled flrm with demand fair.
fsl?to aood. 1014 61701 part aklms, 9lBc.
POULTRY
LIVE Tha market waa dull with fairly
UbilSraJrlng. at Quoted price. Quotations:
?hiwi!n..i?codm'g to quality. . weighing litis
lbs.
y.tivn.. . .". "-","- n.t&in... A. am.l ,. m19.
.... nir HHIK.. La.U, -,, .......... . i
.1
iufegoc; white LVghorns. according to quality,
lTOlac ducks, as to alia and quality, 15fl7c.
Jlgeons"' old. per pair. 2328o; do. young, per
pair, 20.&22C, .... ., ...,KI. ,,v ,,.
nTirandnhrmara.rruTedflVmwUhtrVd,
"tatlona; Fie.h-ktlled. dry-plckod fowls. 12
a ma
QuoiaiioB.i f. .": ;"Vv ..VTectid. 23c. do.
weighing 4ft 05 lbs. apiece. 22 c: do. , welgh
i,,Vi lbs aol.ee. 22hc; do. witching 3H
liS ailece. 22e, do. weuflni 3 lbs. apiece 20
"lc Fowls In btls.. Ice-packed, fancy, dry-picked
Northern Indiana and Illinois, weighing 4U3
u7s aple722c,do. southern Jndlana and Illinois.
eibV 4 lb.V aplec. 21V4 c, smaller sixes UW
(if. oid rooaiera. urj ... y .-".:""
cbickena, Illlnou. ure.
- -- livfl-'nr" !.
!?' -.r ". T-U iJI4f
SffrBr weighing Tda 'II .pfiS:"lJpo.
do. smaller sizes, 'XiHI.ac
Jersey, fancy,
weighing 103
nalui
82 O 3
3c: do, Indiana,
izes, xxw-ac.
broilers, other
bfoilera. nearby, smaller sties. pOidci ducks.
Searby. aprlng. 192c: aquaba per do.
per doz.
do. white, weighing, s ios,
welshing 8010 lbs.
5.75. do, whlu,
Sni.. 13.7364 10: do. white, welgulng 7 Iba
doz" 13.233.CO. do.whlt,
lbs. per
2.75; do. amal
per
Dr
w.lvhlnr llfiSUV.
a.w. mv. ..--. --- --- T...;n
tier doz. J.B0U2Io; 00., oars, l.v
FRESH FRUITS
Desirable stock waa generally steady under
Li2?lda Jl ebftiso. Peachea. Virginia, per
rVlarBll: l" 92-30: Carnwo, 11.2301.75:
uJntM Aoaa ll.231.73. Pears. North
CarSlnl Per bbL? 45. Cantaloupes. Dyl-
"and Maryland, per crate. 60078c.
Q?apM North Carolina, batawar. per crate,
fl'sWl 60. Watermelons, southern, per car.
,1301323. VEGBrrABLES
Ths seneral nurket was quiet nd without Im
portant cfewf-ajKSHKHi. Si ?.:
8t.B.D,I;8horerii4yi 123, No. 1 Norfolk
s .Kvo 2 Norfolk. IICI 20. .viuia poiaioea,
i., wr bSS 63S30C. aweet potaioes,
itola. sr bftUat. Iiei-S-
Itesilltiir
Tonopah ll'l 4 B-IO
Tunopah Mln 5Bs
Union Trac H
V U I 37H
II H Siel 8S
York Rwy 13
do pfd Sil'.i
Wm Cramp t c 72
74
Bll'i
i
,iu..
Ill's
73U
711
424
311
4UW
8'1
40
IP1
Yesterday
Hid Asked
r.1. 7 1
;i.i
3
4U
5U
IIS
Sfy
14 .
14V4
IIS
inn
"3. .
784
20
5574
284
.lll'.S
311
311 s4
1U
.".'loll. 102'k lU2'i
US!
44J
T17
l-7
87 4
73
4'i
,ns
44U
87.
ss..
I3'i
311
Hli
81
14ji
111
till.
ii
52-4
so
21)
41)14
W
"'..
Ill', i
103
ft
444
KS..
8S4
75
WITH PREMIUMS FOR SOME PRODUCTS
j
Consumers, Who Waited in the Hope of Concession! ol
Prices, Now Come Forward to Purchase at Advances
Trading Continues Quiet
Strength Is displayed In virtually every
branch of the steel trade. Huylntc Is on n,
larBo scale, according to slecl trade Inter
ests, and premiums nro belnir offered on
Rome products for which the demand Is
larger than tho supply. Indications point
to n continuation of this condition.
Tho advances In quotations for bars,
shapes, plates, wire nnd other articles an
nounced by the leading Interest has had ho
effect on tho demand nnd Inquiries nro
comliiR In Just ns fast as they did before
tho upturn Some consumers In this coun
try who have been holdliiR off for (several
months, nppnrentty belnff Influenced by tho
published reports of concessions In prices,
are now compelled to come In as buyer
iiid forced to pay higher prices.
It must bo remembered that the larcor
producers have nt no time reduced their
prices. The reports concerning such nctlon
referred to those producers who were ask
ing premiums and holding off on tha mat
ter of taking business In tho hope of ob
taining even higher quotations. When the
buying halted temporarily nnd these, makers
found mill space for sale, they disposed of
It nt concessions. This led to orders being
ptneed for comparatively nearby deliveries
at lower levels than future business. Now,
however, there 1ms been such a resumption
In tho demand Hint premium offers are
again becoming frequent.
There has been some curtnllment In pro
duction thus far this month, but this hns
not been ns large ns tho average for July.
Tho wenthcr conditions In most sections
have been moro favorable. This has
caused better Operations, although they r
not yet up to capacity.
Authorities are optimistic on ths out
look, stating that tho present Indication
are ror large orders as a result of. the re
newed orders for munitions In this country
nnd tha Incensedr domestic demand. Soma
officials of the companies say that ft dull
period at present would bo welcome, so that
they could catch up on the orders and not
run ahead of the average raw supplies, but
they admit that there are no signs of any
Immediate let up.
Trading on the Philadelphia Slock tSx
Change continued quiet today and there
was little of Interest Attached to ths Wiar
ket for local Issues. Arbitrage stocks oc
cupied most of the attention. Kennecott
Copper mado the greatest gain, following
tho trend of tho copper market on the New
York Exchange, selling up a point to 49.
United States Steel and Reading each
advanced 4.
Lake Superior Corporation, which was
ono of the leading features of yesterday's
trading, was Inactive during the two hours'
session today. Lehigh Valley and Pennsyl
vania each gained a fraction.
Electric Storage Hattery and Philadelphia
Traction sold unchanged and Philadelphia
Itapid Transit trust certificates changed
hnlids at a fractional ndvance. Philadel
phia Electric was taken at 28?J, yesterday's
last price.
At the close arbitrage stocks reacted on
profit-taking and several home Issucs re
corded fractional Increases. Steel shaded
to 88 U and Heading sold down to 102.
IJONDS ARE IKREGULAR
NEW YORK BANK STATEMENT
Big Gain in Actual and Average Loans.
"Reserves Decrease
NE""V" YOniC, Aug. 12. The New York
bank statement this week shows an Increase
In average loanB of UBi581,000 nnd an In
crease of $23,541,000 In tho actual. Tho
nvdrago reserve decreased $69 1,710 and tho
actual dropped $9,224,640. Demand deposits
in both statements Increased.
Details follow:
AVnitAGIl.
Loans
Demand deposits
Time deposits
Iteserve
ACTUAL,
Loans
Net dmond deposits
Tlmo deposits
Ileserie
Decrease,
Increase.
. liri.iist.nno
. 3O.R02.0fln
. 11.155,000
111)1.710
.123,241.000
. :m, ihh. not)
.111.071.01)0
. !). 244,040
BANK CLEARINGS INCREASE
Total for Week 25.G Per Cent Above
Same Period Last Year
Total bank clearings of all the clearing
houses In the United States for tho week
have been $3,050,363,150, against $4,702,
162,749 last week and $3,146,116,071 for
tho samo wejk last year. Philadelphia's
Increase Is 36.1 per cent, the third highest
increase In tho list. Detnlls follow:
loin lots r.C.
New Tork.., II, 877.300,447 $1, 333,870,281 20.11
Boston .V,.. 127257.71)3 114.1H1.534 -11.4
Philadelphia. 171. 5711.170 123.074, n3 --3"l,l
lialtlmore .. 33.0113.033 23.230,7011 4-55.2
Ch caeo .." 303.311,025 23.0.-7,N(ll 2U.1
St Loul R2.030.SS3 110.020,327 3H 2
New Orleans. 13.030.022 Hl.760.4fl2 -4- 7,7
Seven cities,
five days.. 12
Other cities,
five days..
Total for all
cities, nvo
days
All cities, one
uay
Spirit of Pessimism Is Offset by Au
thorities' Opinions
NBAV YOIIK. Aug. 12. Tho bond market
generally speaking was Irregular during
tho week, with further shading and new low
prices In some Issucs, while rallies occurred
In others.
Business for the most part was light, as
was tho case last wc6k, partly on account
of tho vacation season nnd the sultry
weather, but thero wero Intervals of nctlvlty
in special Issues.
Tho larger' dealings were In the semi
Investment lines and this class also showed
tho principal Improvements In prices.
In somo quarters a spirit of pessimism
was expressed on tho belief that bonds
would bo liquidated on every opportunity.
Thoso views were not shared by somo of
tho principal ljond authorities, who believe
that, nlthough' tho market may show some
Irregularity If securities are forced for
sale, tho outlook for tho longer pull Is
encouraging. They point out in support of
optimistic Investment expectations that an
enormous nmoitut of money has been mado
In this country In tho laRt two years nnd
thnt tho tendency Is for operators who have
been successful In tho stock market to
Invest their money In bonds.
TRADING ON CURB
IS WITHOUT FEATURE
Outside Brokers Regard Rail
way Situation as Dominating
Influence
021,338.003 12,143,203,310 22.3
300.274.018 300.002,004 -4-32.0
.13.282,143,013 t2.43,205.323 24.0
338,410.243 302.010,748 32.0
Total for all
week" ...r. 13.390.333.11.0 13.143.110,071 23.0
BANKS GAIN ON GOLD
Unusual Increase in Money Movement
but for Reserve Bank Operations
NEW YOI17C, Aug. 12. In the compila
tion of the known movements of money pub
lished on Friday attention was called to
the fact that tho gold Imports of tho week
of $14,000,000 were not credited, The
$9,000,000 or thereabouts, brought In from
Canada and deposited In the Assay office
on Friday would figure for only one day,
but the $5,000,000 Imported earlier In the
week should assure a favorable cash show
ing today. On the directly traceable move
ments of cash, leaving out the gold, the
banks lost about $1,000,000. But for the
operations on the New York Federal Re
serve Dank, today's clearing house state
ment would show one of -the largest gains
In money In a single week recorded recently.
Local Reserve Bank Statement
The condition of the Federal Iteserve Bank of
Philadelphia at the close of business Aucust 11
compare, as 'JSOIJnCEa.
August 11. Aucust 4,
Ctmca"snnvJuU.r.110.234,855.00 $10,392,283.00
O o 1 d aettlement
fund balance .... 14.030.000.00 14.107.000.00
Gold redemption
lUtlU .... uu.vuu.uu uv.wvw.uy
709.7823
309.920 70
Lea-al tender notes,
allver, etc,
Total reserve ..
Commercial paper.
Uank acceptancea.
Total bills discounted
and bouaht .. ..111.43M98.3S $11,203,133.91
it h bands and
notes'... 3.708.000.00 8.878.000.00
Municipal 'warrants 2.872.412.39 2.627.412.69
.S25.080.63U.25 $23.2311.135 70
. 663.117.13 333.137.b8
. 10.8H1, 370.23 10,437.1t3 70
$3,403,412.69
Total Investments $0,280,412.69
Due from other
Federal Jieserir
banks (net)
Federa I lleserva
notsa on band ...
Notea of national
banks and other
Federal Hesirva
banks
All other resources
Total resources .$44,107,626.33 $43,989,904.77
' LIAUII.ITIHS.
Capital paid la ... $5,216,800.00
Pront and loss .... 42.482.25
R e s e rve deposits
(net) 81.990.703.48
Government deposits 6.038.418.B9
Duo to otbir Fed
eral II e a a r V a
banks (net; ......
All other liabilities
Total liabilities.. $44,107,828.33 $48,989,004.77
LOCAL MINING STOCKS
TONOPAH BTOCKS
Jim Butler , ,
MacNamara ..........
Midway ......-.............,,
Mlir-aa Extension
Montana ......
Northern Star -.,..,..,......
Tonopah Belmont ...,. .........
M..... . l.vf ATISlflH ..............
Tonopab. Mtnlnt: ......,.....& 9-16 S 11-16
Bescua kuia. ..
West End ....
Boota ......-
ltulidojc
COD
283.808.18 T
891.810.00 308.423.00
100,733.00 183.690.00
431,037.03 882.032.47
$3,218,050.00
42.482.23
81.833.312.78
6,436.138.09
J11. AM. 4ft II
" 192.23 230.18
Bid Asked
........... .88 .90 II
,114 .ii.? l
.18 .20
.19 .20 I
.24 .26
.13 ,17
H 4S
IS S 11-16 I
' ss 'S,
................ ou ,04 II
QOLDFIELD STOCKS. II
t sO "12 il
ut "0
............ .! .W II
03 .04
,05 .Oil I
.02 .03 I
02 .04 I
5 83
.... ll .1- I
'....... -04 .05 I
03 .03
.10 .12 I
;;;:;;;:;:;:;:::: H L
Protest Against Stock Increase
COl.C.MHl'S, O.. Aug. 12. Formal pro
test has been filed with tho Public Utilities
Commission against tho petition of tho Ohio
Fuel Supply Company for permission to
Issue $7,615,125 additional stock, tho pro
ceeds to be used to redeem $0,000,000 deben
ture bonds. It Is alleged that tho bonds
represent no real physical valuo and that
nn ndvnnco In gas rates In the vicinity of
Zancsvlllo would result.
Sugar Futures Steadier
NRW YOniC. Aug. 12. There was a llt
tlo steadier feeling In sugnr futures at the
opening today, nnd first sales showed nd
vnnccs of 1 to 5 points, with business re
ported on the call of 23B0 tons. The mar
ket, however, lacked nggresslveness, duo to
tho dullness In actual sugar.
DIVIDENDS DECLARED
Splltdorf Klectrlcal Company, resular quar
terly of lsi Pr cent on preferred, pnyablo
September 1 to Block of record Avjaust 21.
National Biscuit Company, resular .quarterly
of li per cent on common, payable October 14
to stock of record September 28.
S. If. Kresce & Co. recular quarterly of
Is. per cent on preferred, payable October 1 to
atock of record September 20.
Bid.
Ill)
oil
10(111
101 1.
ninvs
i'"..
UK1
os :
GOVERNMENT BONDS
2s rcKlstereil 1030
2 coupon 11)30
:ia reeistorcd 1U1S
3s coupon 10 18
4H registered !H2.i
4s coupon U'25
Panama 2s ret-slered 10311
Panama 2s reulstered 11)33
BAR SILVER.
Bar silver was quoted In London today
at 31 11-lCd, up l-16d.
Commercial bar sllycr wns quoted tn
New York today at 06 He. unchanged.
CHURCH BENEFITS IN WILL
William M. Murphy Leaves Bequests
to Presbyterian Organizations
Bequests of $5000 to the Gaston Presby
terian Church and $1000 to the Bala Pres
byterian Home for Aged Cripples nnd Single
Men are contained In the will of William M,
Murphy. 212 North Hancock street, which,
as admitted to probate today, disposes of
an estate worth more than $100,000. The
major portion of tho estate goes to the
testator's widow.
Other wills probated were those of Mary
J. Parke, Pittsburgh, Pa., which, In private
bequests, disposes of property valued at
$4000. Kvan J. Field. 517 Cross street,
$2700. and Bridget McLaughlin, 2426 North
Cleveland avenue, $2100.
An Inventory of the estate of John Ken
worthy, of the firm of J. Kenworthy & Bro.,
who died at 5608 P.ldge avenue on July 6,
filed today, places the valuation on the per
sonalty at $537,611.51. The Interest of tlfe
testator In the flrm Ss valued at $152,300,56.
The personal effects of the estate of Albert
C. Krum have been appraised' at $11,575.22,
nnd John Baup at $5133.07.
NEW YORK. Aug. 12. Tliore was no
strong feature to the trading on the. Broad
street curb today, tho market finding vir
tually no incentive for vigorous trading on
tho bullish movements on the Stock Ex
change. Traders on the Curb regard the railway
situation ns the dominating Influence nnd
bellevo that the course of the market In the
Immediate future depends wholly on whether
tho railway labor organizations will agree
to arbitration or not.
"With this matter settled, "ft Is expected
that buying now held In restraint will exert
Its full influence ns soon as any favorable
announcement Is made. Fluctuations wero
generally narrow, with nbout the only trad
ing demnndlng nttentlon that In the Ilyan
Issues, with Stutz Motor again selling at
the new high record of 66.
INDUSTRIALS.
, . Bid. Asked.
Aetna Kxoloslves o',i Utt
Am-Urltlsh Mfc 10 20
Am .Marconi 3 3H
I'nnndliin Car Co 4(1 3(1
Can Cor St Fdy pref 70 80
Chevrolet .Motors 218 218
Curtlss Aeroplane 22 28
Drleas-Senbury 2 8
llmerson Phonograph o4 10
Flemish-!. nn li 2
Haskell . Barker Car 34J 33i
llendee Mfa" 28 33
Kathodlon Bronzs pref 18J4 20
..luxiin .-iiuniuonr
Mnnhattan Trans l'
nt
05U
4sg
33
.a
MMvaln HI.. I
Peerless Motors
Poole Knc
H S Kresite w I ....Ii;:"?..
Standard Motora !! !";!;::;!!
Htuts .Motors ......"
Strumbere Car
Hubmarlns Boat
Trlnnir o Film ...
United rrortt Sharing- :
United Motors I 88
ii n a & ji com
V H I. II pfd
White Motors . .
worm iim
STANDARD OIL STOCKS.
Illinois 104
Ohio '..... 22fl
Prairie Pipe ..223
SO of California 233
S O of New Jersey BIB
S O of New York , 202
OTHER OII STOCKS.
Cosden & Co 14
Cosden Oil St Gas Il
Inter Tetrnl o
Houston Oil 13
.Mldirest Itef Bs
Snpulp.1 ltef o'
Burnett Oil It Oas ;
MININO STOCKS.
Atlanta 0
Butte Copper and Zlno 4
Butto N y ,. Ii
cerro do i'asco
First National .
Uolddeld Merger
llecla Mining . .
Havre Sound . . .
Jim Butler , 83 88
Jumbo Extension 3d 38
.McKlnley Darrah 10 33
Magma Copper 14 13
Mines Co of America ,. 2Vi 2V
Nlplsslnr ,. 7 7'
San Toy ,, 14 13
St Joseph I.esd , 1BH l.l
West Und Con '. 80 82
White Oaka , stj
BONDS.
Cerro 8s 110 114
tii
Charles J. Bender & Co.
INVESTMENT BONDS
Members Philadelphia Stock Eichanr
NORTH AMERICAN BLDG.
t'UOPOSALS
WILLIAM STKKLK & UU.N8 CO.. 1300 ABCli
t.. have plana and specifications posted .or
manuiaciurma duiiuhis anu puwer pianc ror
3. B. B. W. rieisher, to b erected at Twen.
ty-nttn ana nrou ii.. rnusuoiyma. uias q
ient to B. B. B. W. rieisher Co.. Main and
iiiBiiBuuae uui aaicr iimi) a
to be
i and
U(-i.al
timttnr !
10. 1916. for the attention pf Mr. A, A
b'lelsher- Proposals will b received on the foC
lowing lines of work
excavation, brickwork, stone masonry, cut
rv" -....nl. I.rra Anita ..t,l .....
miscellaneous Ironwork. roollng and sheet
metal work, millwork. plastering, cement
work, plumbing.
ware, maruie,
til and terraxio work.
uara
woimi
rare. marine, ma uu brrru vnrx. woo.
tanks, raaiai onca sisca. nnmfi worn, roll
mi steel door, steel sash. saftr treads,
steel partltlona. etc.
The right ! reserved to reject sn nr pro.
cmsala
UlIIKCrlUltV U Al'CUUNTANTB
Certlded 1'ublle Aeeoootants
UWRENUB E. BROWN CO.
1813 HEAL, ESTATE! TRUST BUII.DINO.
Atlanta , .
Blue Bull
Bootn
Bulldog
i' n n
.ui.,-- r. ,- ,
Dtamooanciu f
Daisy
OoldBetd Consolidated
Jumbo Extension - -
Kewanaa
Oro -
Sand Ken
buer -ic
M18CEIXANEOU
M..4 Hill
Nevada, Wonder
Tscap ULalna-
Now Is the Time
to think about choosing a school for your boy or girl. Don't
wait until the last minute to decide a question that means so
much to the future of your son or daughter. Get in touch
with LEDGER CENTRAL at once jand make use of the
complete information on file at our Educational Bureau. We
can tell you about any preparatory school in the East. There
are many things we know outside of what the school catalog
tells you. Get the benefit of our personal investigation. This
information is yours for the asking. Just call and talk it over.
EDUCATIONAL BUREAU
LEDGER CENTJiAL
otooad AND CHF.STNUT STREETS
-PHILADELPHIA
am
i33