Evening public ledger. (Philadelphia [Pa.]) 1914-1942, August 24, 1916, Night Extra, Page 7, Image 7

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EVENING iEDQER-PHILADELPHIA, THURSDAY, AUGUST 24, 10U0.
FINANCIAL NEWS
REACTION IN STEEL COMMON PUTS
DAMI-K ON BULLISH OPERATIONS
Belief Prevails That Large Short Accounts Have Been
setweu rrivaueiy marine issues Subjected to
Heavy Selling on Less Favorable Earnings
Sigh Points in Today's Financial News
Good earning report issued by Lake Superior Corporation for Hear end
ing June 30. Bank of England slacmcnt showed decrease in buMonhMhui
ihile Bank of France gamed gold ami silver. AUouez Mining and Sal fxei
ad Hceta Mining increased dividends. Centennial Mining Seel iredi Hal
dividend. P:?n,?aZ?MflacdM.New?"l' 5 London "stock
prices vim ....... i .uih,h. inning piace due largely to nro
taking. Irregularity shown in foreign exchange market, German and A
irian exchange declining. Cotton Strong. Grain closed ivcak.
ofit.
US'
. , . , NEW YOUK, Aug. 21.
Tho -toctt marlcct Bcnernlly today wns Influenrcd hv ihn nmim, r tfn.i
Slates Steel common, wlilcli, In tho course ot tho day, reflected the heavy urollt
taklng snles since the beginning ot tho week. A belief prevailed In gomo quarters
that largo siion uraiuui. mm uucii privately settled yesterday, leaving tho bull
movement without ono Incentive which hnd been n factor In Inspiring recent
operations. With this nccount out of tho way, bear traders were encouraged to
put out fresh lines ot shorts, and when tho market recession continued there was
tome liquidation of recently acquired speculative holdings;
The price ot unucu amies btcci common, for tho first time since tho timvnnl
movement started, reacted moro than 2 points from tho high level which had been
reached. This reaction bad a deterring Influence on bulllnh operations In other
Issues. The Marino stocus wcro in supply throughout tho day, with some heavy
jelling In anticipation ot the publication ot tho July statement tomorrow, which
Is expected to show a decrcaso from tho Juno revenue.
Some of tho Interests which had boon active In United States Steel common
nd tho Marino stocks turned their attention to Inspiration Copper, buying 2.-.000
Shares of that stock, nnd putting tho prlco nbovo 05. The railroad stocks were
strong for a time miring tno morning, uut later lost nil their gains, following tho
lead of United States Steel common on the reaction.
There was lack of demand throughout the day for tho minor stcol industrials.
i aIU thoso Issues yielded under small sales.
i "
Two Mining Companies Increase Dividends; One Pays Initial
BOSTON, Aug. 24. Directors of tho Allow-- Mining Company have declared n
quarterly dividend of ?2.50. The previous dividend, $2, was paid July 5, lDlfi.
:. The dividend Is payablo October 4 to stock of record September 13.
ft "
i Tho Calumet and Hccla Mining Company has doclared a dividend of 20. Tho
ioar previous quarterly dividends wore ?I6 each. Tho dividend Is payable Scntem
! ler S2 to stock of record September 1.
:, ' -
l Tho directors of tho Contcnnlal Mining Company today declared an Initial
f, dividend of $1 a share, payablo September 30 to holders ot record September 21,
COTTON PRICES RISE
IN FEVERISH MARKET
Stronger Cables and Lack
Kain in soutnwesc Are ive
sponsible for Advance
of
COTTON 1JEI.T WEATHER FORECAST
YOltK. Aiic.,24. TH-ro wn mil
vcr
in rntton Iwlt tliU ninrnlnic nnd
f,it. nrpnriiinir in 11 o wpuiner
Tfraprrutiii In the outliwel wrrj
NEW
ram ov
nono
rap.
TJio followlni: femnrrntiire -jrrr- rerorilpij:
AMicni-, OK: Oltlnhnnm, 01) i Nnslivlltr. Oil
Ajh-vllfe, Fort 8111 th, Utile ltock. Cliat-tsn--
nn.I ICnsy-llf-. 01; Atlnn a and
fhrer-nort nncl Meridian. -UiAiieujtu. Snn
Xntonlo.llel ltlo. Moron un J MontKoinerr.
. Huh n. -I. Hnviiniinli 11 ml I'cnsncnla,
7 Ml Tlionmsyllle. Wilmington. Jnckionjil 0,
Mi ClinrWon nnil, Tniuim, DO.
Thfro K-nH .01 Inch of prrrlpUntlon nt
Aifitr II nnd Jit mphlsi .0? Inrli nt.llionvii..
nnd eUonlirre over the belt
New York Bond Sales
High.
(1000 Alaska Old rv C- Sor A lis
111! Amor Ait deli B 117'i
UKlliiM) Anslo-I'rrnrh s nr.Va
llHlliu Amer lco Co M
23I)I) Amn Foreign Sec r.H.. UN
ciiim Amer Smelt Sec 03...1os'4
70UII Amer Tel clt -Is !
aunt) Amer Tolmu -Is M'i
2000O Am Thread In VXH
rjntlii Armour Co lV4a a4
1::immi Atrhlson nen 4n !-'
100(1 Atlnn Co Una lut 4s. !'
limn do clt la sas.
1'iOiHI Halt & O n.i loo's
oii'j
11.-.U
Is S.-.'j
tun'.
V htlllo nnd Tnnn.ai .01 Inch nt '"'&""'
H ji Inrh nt riinttanajita ljn.I JVIImlnston;
-.1l Inch nt Hhretf parti .3U I Inrh nt : Mjk
lurci 1.20 InrhM nt Knuxvllle. nnd ui
"laciici ot IlalelRh.
'.NEW TOnK, Aug. 21. At tho opening
this morning the cotton market was fever
ish with flrst prices G to 10 points higher,
based on stronger cables and a lack of
rain In the Southwest. Hedge, selling from
the Atlantic ami a llttlo soiling ot October
by Liverpool was absorbed by Wall street
buying, trade buying and noticeable In
crease of cutslde speculative demand.
Soon after tho opening this carried active
positions a dozen points over last night's
close. Tho strength In Liverpool was attriu.
uted to an absence of rain In the Southwest,
llttlo hedge pressure and general buying.
At the end ot tho flrst 20 minutes tho
market was active and firm at best prices,
renreeentlng a net rise of about 13 points.
While there wero no fresh bullish news
features the market developed renewed
strength and activity townrd midday. The
readiness with which heavy realizing sales
had been absorbed on reactions of 8 or 10
points from tho best seemed to Increase tha
confidence of fresh buying, while the broad
ening of outside demand probably reflected
etrengthened expectations of another re
duction In crop estimates ot the end of
this month.
Tho market became more Irregular J., tho
early afternoon under Increased realizing
aales and selling for a reaction based on the
Washington advices relatlvo to the ralhoad
crisis. Fresh buying for outside .-.ccount
was, much In ovlficnco on tho setback, how
ever and sentiment appeared to bo of a
strong bullish average with many predic
tions of 10c cotton before tho publication
of the bureau report on the condition next
week.
From tho Atlantic States came reports
Ujat spot cotton was being offered nly
sparingly.
All deliveries made new high records and
prices sold about 20 to 26 points net higher
luring the early noon hour.
Exports of cotton for week ending August
15 were: Georgia, 15,112; Siassacnuseits.
(J5; Maryland, non: New York, 21,015;
Vorth Carolina, nono; Philadelphia. 295;
Jouth Carolina, none; Virginia, 5019; Oal
eston, 31,996; New Orleans, 11,562; San
rancleco, 1399; Washington, 17,062. To
il, 101,515,
Ye. close. Open. 11 n.m. 12m.
tobr 14,1)0 15.01 1B.UH 14,1)1)
ia.111 in.,- ''!'?
15.10 15.1H 15.11
Kli 101 1 Halt & Ohio 4s
I1I.-1OII do rv 4Vi
140(10 do l I. K & W X
.iuim) uu mvn Jna.
71100 iicin Ktrei
j-uiH, wan uovt 4H ID-,, iJ?4
4200(1 do 49 1U.11 U'.)
i!0()(l r.n Cam & VWcn r.n Don
lllDil Cent (la cons rm llill'i
r.000 Cent Leathpr lit .la . .HK!n
31000 Cent It n N J Jis ltd
10110 cent It 11 J J rec ds.iia
I.OW.
lift
U71;
.'..
H7
IIS
IO.H'4
1)111
H2U
imji
112-S
1)2 ' 1
Km
looS
111)1,
uo ;
Close.
lift
1)7'.4
Dft',1.
H"
IIS
llU'i
II lv.
2'J
UHJjl
uali
H2.
112' I
83i
10()
lllll'j
M4i
sr,T
llll'.i
wn aniii iniu uo;i .noil
teel rW fts ....loold lnoU lon'i
ivt 4 102(1 liPJi li'i VU
9 11)31 1)!)JS imn IBl'I
0000 Chill Conner
.101)0 Chen & Ohio 4!4...
21000 do rv fts
100.1 Chi at West 4
3000(1 Chi 1) & Q Joint 4s..
20001) do ren 4s
(HUM do Neb 4m
1000 Chi Ind & West 4s..
3000 C M t St V rfd 4,,is
4011(1 do dlv 4u
:io()0 1I0 rv r.s
"(10(1 1I0 rn r.H
o-i.iuii
123H
, 1)0
, 03
, iltili
. DM
1)2
1)1
107
102
I4.-.00 do CV 4is 101
10011 do Ken 4'As 101U
1.(101) io -is lU.'.t 11.1(1
7 IT
100 (i
1111
111
123W.
UO
113..
1)7
ll.l H
IIS'.I
77
P2
uoj;
lllllji
102i
12000 Chi IlUl1 rfd 4s
22000 do Bs
1000 Col Industrial r.s...
1110(1 Den & ltlo Or 4s...
17000 Krlo cv Is Ser II..
1000 Krlo 1st con 7s....
BOOH Hud & .Man rfd C&.
411(100 Indiana Kteel r.s.,..
20011 Intcrh Met I's...
.1.1110(1 Interb It T ref :'..
(11000 Inter M Mnr ct V,3
11.1000 do w I lis
2000 Kan City Ho 1st 3s.
12O0I) do .Is
1.100(1 Lacka Steel Bs 11)30.
11!)
lOO'i
102
11(1
lift
123'5
ill)
D3
O'i
I)7Ji
II3H
IIH'J
77
112
lit
lll(!J
tl, Zr
1(I04 100
mil: limi
i:i'j U.1'4
71 JJ 7tH
r.7 r.TJi
77 77'i
7li'.i 7SU
74 71
losi iniH
70H 704
102i 102!
7.l'i 7.1'.j
u7j; us
instv llltl
W 07 tt H7'4
ti im't vn
d:iJ ii3i
101'. j lol'j
10211 102!i 102U
III PI 111
80 Ml 8!)
741', 74 i . IN
D04 1)09 OOVi
OS 77, 77
101
. r.s
. 7711
. 7HU
. 71
.los'i
7HVi
,10.1
731,4
DM
10.MW
! 07
. uo
Ul
.11)1)1 1111 C
1 lO.ni loft), io:ni
, 7I'. 74 74 '.i
1112S 112't H2t
B-? P-?a n-.1
IllHi !H till
l'-7l Vm U.;
r.' v uity juua .iim", ii j."',
N Y Doc 4i 71'j 71'i 7l'S
N Y Oas II & p Bs...10l'l llil'i Kll'f
N Y N II i II (1 1121? 112U 118'I
V V Tl irn AV.n 117 i 17 i OT l
U2K
ii.iI
us
. 11.11
: ot'.j
.101,
KilH
. D2
. Oft
. UHV
. 73
. 8.1 K!J
. 71 7l'J
, Rl' hi',
; 7(1', 711 J
in in
101
101
oi "5
nft
!"'
73W
I',
l):i
01
iisS
II l H
1)1 -i
lift
DKV
h
.
r.:iTi
71tf
hlU
Trt'I
111
r ,,..14.UM
.Jf.fs.ut
lecember
ouary .
trca ,;;,, lB.io
u,y ,...,,..,i5.2i)
l? ,.15.30
Kl ..,.,....15.10
15.55 15.2D- 15,25
15 S3 15.4215.38
10.41
p.m.
lft.Uli
15.11)
15.22
15.31
Liverpool Cotton ,
LIVERPOOL, Aug. 21. Spot cotton to
y was reported In moderate demand nt
n advance of 20 points on tho basis of
J6d for mld-uplapd. The sales aggregated
000 bales. Including 6000 bales American,
bo imports were 6000 bales, all Amer
n. Tho market for futures closed
Wish at a net advance of ZSip-t points.
-Weld
Cotton Buyers and Sellers
NEW YORK. Aug-. 21. September-
id Bartlett bid,
October Wenman, Lowensteln, Powns,
ryls, Rosenberg. Abraham, Wilson and W,
Vmoens bid; Norden, SchiU. Pearsall, R.
ubbard, Moulson, Vanyleit and Brooks
tered.
Pecember Young, Martin. Sellar, W,
Jmoens and Wilson bid; Ceran, Mitchell,
Ion. Munds. Schlll and Bartlett offered.
January McEnany, Hicks, Wilson, Flnn,
orrleon, Mitchell, Uyman. Munds and
aith bid; Marsh, Molse and Holmes. Nor
i. WlBStn, Watklns, Bchenr, Jlajtcorn,
ack and Lehman offered.
Ifarch Qlfford. Newman. Bartlett, WIU
n. Norden and ilentz bid ; Rountree, Hart
rn, Hent. Rosenbertf. Powns, BrooW,
well, Hyman and Gum'oeps offered.
May Fllnn and Wilson, bid; Norden
uraon offered.
July HenJ? bid; Sellar and Hartcorn
erd.
101)0 I.ucled (las 1st .'....1011.4
1 Hlt 1 ! tH, .Inl, .In 1 1IU II -.
I'HIII il I'll liril in lll.nil
r.noo i.ir & M t n
loot) Louis ft Nash 4s...
2000 Manhattan 4 s
3001) .Mo Kan & T 1st 4s.
2.1000 Mo Pap r.s 11)17 ....
l.'iooo Mont Power Cs ...
10000 Not Tulin 5s
3000 jf V Mr Urnlt rvt Os
mini N V c I, H .ilis.
470000 NVCS Hud Os
100(1 do 3V4a
3000 do 4
100110 do 44 s
2UUU
2000
1000
1000
10000
rnou riorr & west s ...
17000 Nor Pac prior 4s ...
1000 do Ren 3s
1000 Ore Short I, ref 4s..
700(1 Pacific Tel .'.a.,
1300(1 Penna pen ct 4tiH...
10000 Public. Serv NJ 8s..
201)0 Ileudlns uen 4s
2S000 ltep Ir A H Bs,..,,,
11)00 ltlo Gr : W clt 4s...
18000 St I, I M & 8 4s....
22000 St I. & S P adj w t.
8000 do In w I
2000 do iien ct 4s
12000 do Ser II W I
loon St Louis Sirn 1st 4s.
j i ono no con 4
(looo HeaDoarj
152000 South Pao
111(10(1 no cv
.100(1 do rfi
1 lliloo South Ilwv
.',1)000 do con
1100(1 Tenn u ret r D .
1000 Texas & Pac 1st Ss
JIIOII Thlril Ave rof 4s..
looo do mij as 7ii?i
1000 V S Hubber (is lf)2!
7000 II S Rubber ilDi ,.,0.1
2000 Union Pan 1st 4a.,., UH',4
Dooo no rt.l 4S ui
1000 Va Itwy 5s DK
1001) Wabash 1st 5s 10.1
10000 Wab-P T 1st 5s , 1'
tt-VIIOII ,ln la, el t n la. A'T
14000 West K & M cv Bs nts.lDOU 100! 100i
ENGLISH BANK STATEJIENT
LONPON, Aug. 21. Tho weekly state
ment of the Bank ot England shows the
following changes: Total reserve 10,060..
000, decrease 1 97.000 ; circulation 135,536,000,
decrease 169,000; bullion 57116,000, de
crease 267,000; other securities 59,017,000.
increase 5,230,000; other deposits 101,751,
000, Increase 7,889,000 ; public deposits 51,
128,000, decrease 2,793,000; goverr.tnent
securities 12,187,000, decrease 1000, The
proportion of the banks reserve to liabilities
Is now 26.10 per cent., against :m per
cent last week, and compares with an ad
vance from 23, per cent to 21 H per cent
in this week last year. The clearings
through the London banks for the week
were 259.150,000, against 226,710,000 last
week and 256,873,000 in this week last
year,'
l j, auj os. in? ui7 "ITS
CV ..... b7(i 87(5 .!
1 4s .I. IK) 8T 8!lty
vy sen U-... llVt 11' Si'i
.Is ........ Iloit. 101 lot
, U2'.-i V-i VI
07 UJ UI
Kit HllS Ht4
7U,a ;,-
102! 102!i
103 10ft
Ull'.i Ulltt
DO mi
V, 103V4 10.1H
i Ita ttt
: S5 a
OS'i
10.114
New York Stock Sales
t-nst close. hl8h. Low. Close.
Alaska Cold M 17 HiH lJi ""1
'Mlb-Chalmcrs Mrg 23 24M M'i SiU
ci A Uhemlcai. ....... 77 7 7S 78
Am Ab Chemical pf 10051 101' 1M) 10,!i
.n jjcci sucat,., ,,,.,,. 8SH BOJI cSJI ''
AID U.M , 0l
m Oat .'; IVly OS't
Am Car & Fdy pr 117
Am Coal Products 141)
Am ll.de & Leather 10J
m nine leather t... 62'
Am lee Sccurliioj
Am Linked
Am Iicomotlre
m Locomotive pi,,..
am Man Cotp'n ,
02
117
113
101.
fi2!f
23U
22
,8
AOT.M lO.I'S
a'f m
2H
22
02
117
1H
10!(
r,n
28! (
22
70!f
1)1!
r.a;4
117
lis
M!i
f2
23 ,
22
78
tO.V 10.5'
7J1 7J
Ar.i Smell l(ci....100U 10HS 100H 101
,m omen pi a u( UUS Ullt "ii
Am steel Koundrto r.tili fi-l'j M CI (
Am Sugar Itcnnlne IlUK IlUl 110 110
Am Tel ft Tel,, l.'U'S Wl 3H4 lMi
Am Tolncco 221 2?.t
Am Tobacco pf nen- I0S 107
m Woolen... 47 -17
Am Woolen pf .. . )s 07H
Vm Writing I pf 2? 25!i
Am X.lnc I. . Sm ;U' !)5U
Am Zinc I. f. Sm pf am 0511
Anaconda op M " bSU
AlchTop&s V 101 . 101)1
Atch To.. & S V pf IKI PO
Atl tlulf & W 1 72 i.TS
All Uulf & W I pf CO 0.5 i
Hall I ico Wfcs Rn', sl'i
Hal I Loco Wks pf in. 10.5
lla.t .v Ohio bSJJ fc3
Halt ft Ohio pf 7;H4 7:
Hethlehem Steel 1S1IU -101
llrooklvn Kan Tr. FA S.V
nrown shoe 01.4
llutt? & tiipctlor cs
Cal Petroleum inij
Cal Petroleum pf 4'i
Canallau Pacific 177U
tv.ittai Leather., ,, o71
Ches & Ohio 02)1
L'hlcajo Mil ft St Paul., llj
Chicago & N W pi 170
I'hlcazo It 1 ft I'ae 17! i
Ch.lo Copper 11) ,
Ch'no Copper 52 i
Cluctt, I'ea A Co Til
0)1 I'liei ,V Iron SM',
Compt T lice Co :t
Con Int Cal Mln 2:1
Consolidate I Uai l;,'.)
tVrn I'roJucti Itof 1.5
Crucible Stool 71,
Cmclblo Steel pf US
S
oii
cs-1
in
1.5
17f
CS'l
(.
0.5
I70JS
mi
W f
mi
72
GUI.
It
IS
iMi
ir
771,
US
r7M
ion
2.5!i
10
a8'i
511.
II)
Cuba Cane Sujir CGH
Denver & i:io Or pf. .. . ,3!,
Distill See Crp'n 10H
Uomo Alines 2.5'
Oul SS ft Atl pf 10
Uric ;i7U
Krlo lit pi -1),
FoJ MI.1 ft Sm pf 30! a
tleneral Klcctrlc lfDW 172'-j
tk'neral Moiom pf 121 12.1
Oooirlch II K 7;iJ. 73M
Oranby Consol H8 8SJi BS
(Ireenc-Cananea JO! -IS ADJi
(irrat Notlber.1 pr US 1173.' llili UU
(1 N cf for ore prop.... r.O.'f at);. .')S,' 38.
Gulf States Steel 7S 7,5 7j 73
C!ulftate3 Steel 1st pf. )Hi
222
107
17
071 i
2014
3t'i
C.5'j
S7JJ
1 VI
O'J
71
0.5' I
703.
103
S3
7.1
ISO
83
Off
OS'
17
41
177
37.' i
01
111
17UU
1714
20
f:l
72
lS'i
dlii
IS
15
71' J
US
aw,
at
10
2.5! (
10
fi"-.
31
RS
17!)' 8
120U
72'.
i
107
47
07'
20! i
P4'S
05',
S7fl
101 i
m
7,T
o?.n
M'l
105
88
7.1
4!'4
83! i
01 j
03J1
11
II
177Jf
(57.
G2!(
01
i;oj
17h
20)1
r,x
72
4!)!j
41
138
13
775
118
3S!
3.5
40",
23!i
10
oSM
M'i
PS
172
122! i
71
bS-Jf
I7J
Illinois Central..
fnsi Con Cop
Int Agricultural
Int Harv Corp'n .....
Int Con Cor t c sli
Int Taper
Int Paper pf
Int Nickel v t cfs....
Int M it c of dep ...
int M M pf c of dep
Jewel Tea
Kan City Southern...
Kelly Spring Tire
IvsnnccoM Copper....
Lack Steel Co
Liko L'rlJ West...
Lee .lubu.T l-..
Ijehijh Vailov
Lorhlard I' Co pf..,.
Louis & Nash
Mackay Cos
Mcckay Co) pr
.law.'ii .Motors ,
Maxwell Motors 1st pf. ,
May Dept Stores ,
.Mexican Tclroicun:
Mexican t'ctroieum pf..
Mam Copper
lllnn St I" & S S SI pr.
Missouri Tactile
Missouri T.ic tr cfs
Missouri T.ic wl
Morris ft Esse.-
Nat Knain ii a Co
Nat Lead Co....
.102
. 53' -..
1.1
. 7SH
. 17U
.. 1531
.. 72
. -11U
. :.7
.lonjj
.. 87
. 2.5' 5
- 73,
. CDS
. ?"!
. 213'
. -lOli
81
0.5 11.5
102!ii lt)I2
503.
13
7i
17J,
10!1
72U
415
38! J
101
SS
liS'i
733 J
51
7S
2031
40W
8251
-U8'i 11D
130
S3! 5
0735
MIX
85
02
.3
II
73
17
10' J
725S
11U
"031
in
ES
2.5 ','
r.m
5031
77
2031
40 i
M'l
11)1
03
101!S
50
13
7il
17).
10' J
723 i
415i
3734
O'JIj
S3
2.511
73! i
CO).'
77
20'X
405S
81 51
1111
13031 12031 K031
SO
0755
834
Sfiif
01
SI
C7!i
83!1
E051
1)1
101)5 102 i 10U-3
X UUS 01H
H5?i
133
l'l
IT.
2a
81
..itii
.130
a
5
.23),
81
24
co);
Nor Con Copper is;;
Nuw Vork Air Ilraku.
New York Central ...
Now York N II & II.
New York 0 & Wcit.
Norfolk fc Western...
Noriolk Southern
Northern Tactile
TaclflcMall
f.nii italtroad
Thliadclnhla Co
Pitts Coal c of don. .
lili'l
vm
138
.138
..103!1 10031
.. 00 003.
.. 2755 2731
..13131 132
23 23
3;
135
13
431
23
81
21
00) i
1834
137
8'
0715
83)1
S0'
Gl
1011
0115
35)-,
133
131
13,
23
81
21M
(l.!i
10
137
105!$ 100
0(1 (Wi
2731 27 i
130!i 1303ii
23
.uii urn in
2055
553 i
SO'l
27H
Pitts Coal Co N 1 pf. ...10231
82H
..107
.. 48K
.. 213.
, CO
0031
TlttS O C & St L
Tressed S Car Co
Pullman Co
Ity Steel Sp Co
ltay Con Copper
ileadluj;
Heading 1st pf
Itcadln.' 2J pf
Itcpubllc Iron & S...
Ilcpubllc Iron & H pf.
Shat Ariz Cop
Scars, Itoe ic Co..,,,.
Sloss-SIicf S & I
Southern Taclllc
fcautheru Ky 211J
Southern Ity pr 00
StuJcbakcr Co 123
Tenn Copper 20'f
Texas Co VM 101
Tobacco Trod pf 103 101
union Ms & Taper 73.
Union lias ti I"apet pf .. 42).
United C't'ar ilt;s 0
United Fruit 101
Union Taclllc ,.11231
Union Taclllc pf. tjjj
U 8 Ind Alcohol ...115
United Itys Inv Co pf,.. 2J
U t lluLoer QS
23
HI
20
55!$
4')
27)5
103
SI!f
5335
1G0J,
4S
2351
11)715
43
40
51 15
WHEAT GETS WEAK
IN ERRATIC MARKET
Bear Operatioiis Are Aggressive
nnd Outside Demand is
Less Active
(lltAIN I1KI.T 'VIlATIir.n FOItlTAST
t'HICAliO,. Anc 21. The nratlirr fnrf
nt,for 80 liniir follonsi ,
Illinois. .'MN-mitl nnd H'lronln Knlr lo
nlelit, sllshtlr rnnler l'rliln jr north.
.MInreotn nml North D.tkntii 1'nlr tonleht
nnil rrlil),.. eooler tnnlnlit, unrmer Frlilnr,
Iowa Fair tonUht nnil Trliln.T, slUhtly
cooler iiorlhnr.t tonUlit nnd sonlhent 1I
l.ir. Nor In tn!totn (Ienrrnll.f fnlr tonlchl nnd
IrlOiir. cooler Innlaht eit.
Nrbrnl.n tlenrrnllir fnlr tonhlit nnil I'rl
dnr. not miirli rhnnso In trnirrrnturr.
linns.is rulr tonlnht nnil 1'rlilat, wnrmer
tonight soutliern imrllon..
rillCArio, Ahr. 21. Krratle movements
were features of the wheat marltot today.
At one time prices were about lc net tilRlicr.
but from tills level reactions of c and more
occurred, nnd at the end quotations were
34 to l"io net higher.
Hear operators were nRKresstvo and the
outside demand was lep.i active tliati on
recent days. Virtually nil the news wns
of n bullish character, but It did not seem
to have any effect on trading.
There wns some talis around lite pit ot
nrrnnRcments belnrf made to bring Arpen
tine wheat to tills country. This apparently
Inlluenccd considerable) selling, which nt
times wns very larrje.
There was a pnod export demand. An Im
pression Deemed to lie gnlnliiR ground that
tho technical position of tho market had
become weaker, nnd that a new Incentive
would lie needed to hold prices nrotiml the
present level.
Corn did not follow the lead of wheat, and
closed comparatively firm, Uo lower to
Uc h'Blicr.
I.cidlrm futures ranged ns follows:
lB (i.iy n
Wheat On-n. lllsli. Low.
Kent 1.-W), l.an'i l.m
Dec l.r.il i.r.ijt l.r.'j.,
Alny ..) i..,7U l.(..i'i
rorn (new Oclltrry)
ftrpt KSli
.onn. rloxi
1.411'i '1. Ill'i
1..VJ. l.Mk
i.:,;U i.Mlt
Due
.Miiy ....
lllts
Heit. . , .
Dec
.Mny ....
l.arJ
Pent. ...
Oct
l)er
Itlt,8
fi-nt. ...
Oct
Jllll
Torli
Sept. . . .
Oct
Dec
JIM.
n
.. T.'.i
. . !
.. W4
..m.vo
. .I.'I.MII
..13. or.
..11.20
..14.IJO
7Si
Ki"4
4S
.".a'.i
n.n;
11.1)11
13.'.'S
14.30
1I.IU
-:)'
77i5
4;
71 4
78'.'
4(1
411 Ji
ill
IM4
1.1.7
11!.77
13.01) tlS.'J
1.1.07 lia.s:.
1H.DT ia.8L
14.10
13.11.",
1-1.30
11.11.'.
I...27 4.1
, . . tl'lt ill
...IM.tU
tAakcil.
MM
M.4I)
L 1 1 . "J 1 1
J1I.3U
27. 4 r.
mi. n.-i
t23.2B
13.117
11.2.',
1 1 iC.
12.112
27. IS
an.as
23.30
PHILADELPHIA
MARKETS
GItAIN AND TLOUU
WIIKAT Ucceluts. 13I.C3. luislicls. Then
won a roihI rxiiurt Inquiry nn.I the market rulct
tlrm. (Quotations: 'nr loti. In export elevator
No. 2 reil. sixit. tl.r.dWl, 03; No. 2 southern red.
tl.4N01.ril; Bteamer No. 2 reil. tl.474l..-ili;
No. .1 reil. tl.l7iei.3U; rejected A, tl.tKUH. 17:
rejeete.l H tl.' It; 1.1 1.
I'OltX Hecelpm. 141)1 bushels. 1'rlces worn
steadily held, but trado was quiet. Quotations:
l.nr lots Tor loenl trade, nn to location Western
"1 2 yellow. ,l)Sc: western uleamor yellow.
g(.i!i7e; wentern No. 3 sellow, IHWliJci western
No. 4 yellow, Ultli)2r.
OATM Iteeelptx. S0.1R7 bush. Demand was
only moderate, l.ut orrrrlnEM were Unlit nnd
values wero firmly held. Quotations: No. 2
white. '2Dr.2SSci Btnndanl white, .llOSmpi
No. 3 white. 11)14 itor.n'.ici No. 4 white, 4sti
We: sample nats. ir.Wli;e.
. 1'T.OUIt Itecelptfl. 813 bbls. nnd 1.118.028 lbs.
In sacks. Mill limits wcro welt maintained, but
there was little trndlnir. Following; nro tho quota
tions per 1UU lbs. in wood: Winter, clear.
(IWU.Sllj do. stralKht, tli.au7: do. patent.
tiW7.no; Kansas, clear, cotton sacks. JD.T.'iW
7.23: Ktralcht, totlou sacks. J7.IOW7.7J: do.
patent, roitnn sacks, JSdpHJ.'.; sprlnir, first
rlear. 50..-.IIW7. IU: du, pat.r.t, :7.,-i)WS.23: do,
faM.rlta brands. tH.r.DQli.til; city mills, choice
and fancy patent, (8.60011.101 city mills, reau
lar urnilcs winter, clear, tH0.3Ui do. stralsht,
JD..-IIW7: do. pntcnt. tJ7..-id.
J1YK FI.OtTU was quiet but firm. Wo nuoto
nearby at JUWO.OU per bbl, uml western nt
1UW7.
PROVISIONS
, The market ruled steady with a fair Jobblnc
demand. lullowlnic nro tho quotations: City
beef, In seta, smoked anil ntr dried. 2sci west
ern licet. In sets, smoked. 2So: city beef,
knuclltcfi nnd tenders, smoked and nlr dried.
2Hct western beef, knuekles nr.d tenders, smoked.
w. ucei I1HH19. .'oio'.iu; poric, lam
28: hams, H. p. cured.
iKinneu, looso. i:i',
family. I27.rnt;
t'.4 WlSWc: do.
o. smoked. 2014
luosa. IK
Oc: do. do.
smoked, city cured, os to
i7H lo)
Mi SSii
10 '.VJ'i
am 2VA
10.1 lftl
8IU ai.'r
1C034 lflJli
10JS -IS
2554 2VA
107Jf 103! i 107!,
.. 41 II 43
.40 40 10
. S1J1 65 51
.113IS 113K IIII'X 113J1
son aou ma so
.L'lU 210JX 210
COii Mli
mv oys
'JiH 24.
CS14 Srj
1H 127
28!i 25'f
104
8)i 7ii
40' 4 -13 i
50 50
155) 1G1
210
40U
09)1
21
t)Sj
127
27)i
101
101
8!,
40'i
60
101
tlrsts. 3!lft2:i-JI.Ar: flrHtM. :I1I4; Hprnnila. l?ll'4 SV
u'c: nearny pruus iancy. iioc: ao. nver.
rase
3U4V
M3H 111' 1421J
b2'i S2!f S24
115,'i 111 111
0 20 LO
57 i 57?.' -7K
U H liubber 1st pf 1101' UWi UOU 110'i
. tWi 7.11
. 5!)Ji 51
, 07;i OS i
Aim n.i
. tan ma
JoJi m i
. tOJJ
. 27JJ
.128
. cm
2'JJi
5054
271
128j
1)5
Ul
20!f
fill
ISJi
73
50'f
bo;
118
am
am
73
51
U7JI
115
8-1
131
60Ji
27
U ti Bra U & At.
US 6m II &M pf...
U ti btee, Corp'n.,.,.
U a bttei Corp'a pf,.
Utah Copper
Wabash,, ..,,,,, ,,,,,,
Wabash pf A
Wabash pi JJ
WcJls fano I'iprecs. .
Western Union Tel,,.
Wuot li & .M.,.,.,,i,
Western Maryland;...
Wheel & Lake Erie,.,,., 5
WUlys uirerlaui 4RU
WUlys OveiUa.1 pf 101'j 1034 10514 103J4
Wlsconsla Ceatral 50 49 i 40h' 40)1
Honuinjioa rurap,,,,,, 2'J 20 2U
liotth fuiur U "....,. 5S ' "9 6S'
12314 12-Jj
01!t )IU
CO'f 0011
2911 2S
5 531
471$ 4S)5
.....li.. n.hnn kB...
us.i , .....v. annua. Biiiujieii. t-'iijr i-ui iru. ub iu
brand and nvcrase. 11)1.4": hams, smoked, west
ern curat. IDfec: do. boiled, boneless. 34c: pic-
iiiu auuui.iers, . i'. curcu. 10O3e. Itc; Ull.
smoked. 1'c: bellies, In ptcklo. nccnrdlnR to
avnraae loose. 11114 c: breakfast bacon, ns to
brand and average, city cored. 22c: breakfast
baron, western cured. 21ci lard, western, rellncd.
tlerres. 4Kc: do. do, do. tutj. 14?ic: lord,
pure. city, kettle rendered. In tierces, 14", c:
do. do. do. In tubs, 14ic. '
REFINED SUGARS
The market was quiet but steady. Refiners'
list prices: Extra nne granulated, 7c: pow
dered, 7.11)0! confectioners' A. O.Dvc: uoft grades,
0.23O0.bSc.
DAIRY PRODUCTS
nUTTHIt The market ruled firm with demand
absorbing the limited olferlnss ot desirable stock.
wuumiioiia loiiow: western sonupaci.eii cream
ery, fancy specials. 33c: extra. 33 Si 31c; extra
nc:
xtra. 31fff33c: do. tlrstMl altf03:ta: seconds. 30KI)
juc: jobblnx sales of fancy prlntJ. ;i:iu'4.c.
i:ucis .Strictly ttne eiss wore In cood request
and tlrm under Hint offerings. Kollowlne are the
quotations: in free cases, nearby extra. 32o
per doz. ; nearby firsts. rt.7(W per standard
ease: nearby current recelpta. J7.hu08.40 per
case: western, extras, 32c per doz. i western
extra llrsts JS. 7llit D.30 per case: do. tlrsts.
l,H.Ill.4U per caso: fancy selected candled
fresh ckes were Jobblnz nt 30W37c per doz.
CIIBI3SK Trade was fair and the mnrket
ruled ilrm under llBht orrcrlnss: Quotations:
New Vork, full cream, fancy. 18cj specials
hlrher: do. do, fair to good. lUPU'.ic; part
skims, Vtfl'c.
POULTRY
I.IVn Fowls sold slowly, but ruled steady.
Chickens of desirable slzo and qualttv wcro welt
cleaned un and llrm. Quotations: I'owli, 1714
tLPlnic; roosters. i4Vlac: sprlni; cnicsens, ac
cordinif to quality, welshlnji lh2 lbs, nnd
over, apiece. 22tv2lc: siirtnir chickens, smaller
sizes. JDiCJlc- white l.euiiorns. accordlncr to
iiualltv, 18t)20c; ducks, as to size and quality,
15(Dl7c: plseons. old. per pair, 23U2bc; do,
youmr. per pulr, J 8 022c.
DI'.Krf.SUD Itecelpta were light and the mar
ket ruled firm under a fair demand. Fol
lowing? are the quotations: Fresh-killed, dry
packed I'owla. 12 to box. dry-picked, fancy
selected, 2314c; do, weighing 414 03 lbs. apiece,
23c; do, wei'ihini; 4 lbs. apiece. 23c; do. weighing
314 lbs. apiece. 22c; do. wetuhlnjr 3 lbs, apiece.
20021c, Fowls, In bbls.. Ice-packed, fancy,
dry-picked Northern Indiana and Illinois.
weurmn? tsa ids. apiece, ..rsc; oouiue.n In
diana uml Illinois, welchlns 405 lbs. apiece,
c; smaller sizes, mimic, uiu rnuiiers. ury.
picked, lllc. llrolllng chickens. Illinois, large,
.'J
60
GOVERNMENT BONDS
LONDON STOCK BIARKET
nid
Ul)
81).
NEVr VORK RUTTER. AND EGGS
"W YOHK. J.IW. 2 Dl
... luiu, sjarxu gyi ou
ahade tjslr. Extra
M tcatlut, a.3!ic: o
ltS,
Still
D UTTER Receipts,
ton ffrea wiin
creamery. 321a cl
otbtr srdM un-
1S.8S9 cases l nurkl nrylot.
Vtttd,
r. -: . i
1IIUU
10314
i".
2 registered 1"30 .,..,,,.,,,,,,,.,.,,.
2s coupon laau ..,,,,,,,,.,,,,,,,,,.,,,
3s reglsured 1918 ,,,.,,,,,,,.,,,,
Ss coupon ljlj ..,,,,,,, ..,,.,..,,...,.
au"i.!v-. .,,,,..,.,,.,,.
ts cuukijj ,e4
i-aiiama
Panama
Panama.
t-anama, o. coupon ,,,., ,,, .,.,,.,., ,,,
BAR SILVER
Commercial bar silver was quoted In New
York at 66 c today, unchanged.
In London bar illver was quoted at l'd.
unchanged.'
2s reglsterea'-fllj' I,',',, ',;,' S
2 registered 103S .,,.,,..,,,,, J)
Ss registered 101 :J. 5, .:;::, 10lg
3 coupon ,,,.,,3, .,,,.,. ,,,,,, lOJlx
American Railway Shares Aro Quiet
and a Little Lower
LONDON, Aujr. 34. Although business
was quiet on tho Stock Exchange today and
jirlco changes were irregular, the undertone
or the markets was firm. Narrov mixed
movements wero noted in gilt-edged se
curltler. but there -4S a s vg den-rnd fcr
treasury bills of short date.
Homo rala were fractionally Jrregu. r,
About 12.500,000 was disbursed in dividends
in tins department today.
American railway shares e more oulet
and slightly lower, tho active trading on
Wednesday bavins demonstrated thai mere
I were moderate tree parcels of high-priced
aauco ,im aiciu iieru uespiiu uia supertax
on yields.
Canadian Pacifies were dull and South
American rails sho-ved narrow fluctuations.
roreign securities were rather quiet and
allied bonds were Irregular, although Span
ish Issues were firm.
Realizing was noted in diamond secur
ities, DeBeers being quoted at li . Ship
ping issues were lower.
2,'U20c: do. Indiana, large, 242c; do. small
slies. 2223c. llrollers. Jersey, fancy. 30S:i2e
do. nearby, weighing. 114 02 lbs. apiece. 2S4T
Sue: do, nearby, smaller sizes. 20021c. Ducks,
nearby, spring, luMttOc. Squabs, per dozen
While, weighing- 11 to 12 lbs. per dozen. 1 5. 80
uu.iuj niuir, nviM'in'K u ,w v ,!" "' ..
i.iiuwa.a; wnite, weigning n iua. per uuzeu.
,,iu, wniie, cii(iiiiii - rt'w' Iu
ivnile. welgninff imifiii io. ier
? 2.7.'.: dark. 12.202. 7"; small and
1.25.
FRESH FRUITS
J 1.11009
.1 TS4B.I
I3.256I3.UI:
dozen. 12.50
No. 2, CUc
Sugar Futures Irregular
NEW YORK, Aug. "1 Sugar features
opened irregular, with near positions show
ing weakness, due to the lower market for
spot sugar, a,nd first prices showed de
clines of J to 7 points on near and about 1
point hlghtr to l point lower on dlstapt
positions. Sales on the call were lv,
tons.
Choice stock was In fair request and generally
steady under moderate offerings. Quotations:
Apples. Delaware and Maryland, per hamper
1aiicy, JIM 1 '-'"; fair to Kdod. 35S75c; lemons,
per box. lUtfJ; pineapples, per crate, Ilprlda.
J I O 2: peaches, Virginia, per carrier Liberia.
.6O03; lleTle, I202JSU: Carmen. 11.250 1.75i
Mountain Itose. "1.23(3)1.75: pears. North Caro
lina, per bbl.. IIW5: srapea. North Carolina and
Delaware. ir crate. It.2'l,50j watermelons,
southern. Tier car. I10UO223.
VEGETABLES
Demand was only moderate, but values sen
eraliy were ateadlly held on choice stock. Quo
tations; While potatoes, per .bbl. No. I Lantern
Shorv', 2.2302.7.1t No. 2 Eatern bhore. l
1.25: No. I Norfo k. 126)2.23: No. 2 Norfolk.
1101.23; white potatoes. Jeraey.per. basket,
Sales in Philadelphia
High.
JO
If.
1
V
u
-(,
lit
,&
1
10 Am (las . .ix
ao Am Milling
80 Uald I,oco. "0
10 Urlll J Q. 371,4
10110..., -:v4
10 Tarn steel. 82
ino Chlno Cop. 3',i
310 Krle 331,4
15 Ocn Asp pr ooi
10 llrsntlrs pr 0.1
"0 Ins Co jf A J"T4
110 I,k Slip Crp 1IW,
33 I.vh Nav .. 75 M
1 to I,eh Val . . R-
300 Ncv Cons. lotH
Ola l'ennn It It ROVi
10 l'a S Mfg. oo?,
riill.i Klee 2R',
3.10 rnr trctfs lo-fr
20 ltay Cons. 2.1
20.1 Heading ..1()H
do 1st pr. 4IV4
475 Ton Uel... 4.1-10 4J 4 3-10 -f-l-llt
n Ton Mln., "', r. oio 50-10 3-in
10.1 Un Trnc 45 4I0', 45 "
101 U 0 I ... -8V4 V ""14 Vj
o.ijj ti H steel. ost4 ona'. vl
Boo Wlllys-Ov. 48"i
f, W NY. "I'd II
Clo Win Crump
& Sons. 8 1',
litiMi.o.
1 Hen,
$3000 l-:t&tcoTris 8u
f.ouo hVc li&n.lni
1000 I, V gen is DO
loooo I.eli V cons
4', is 2003 D004
5000 T,V Tr r Ss 01
40500 1'hlla 151 4s 81"',
2U0U do Ga , .lolli
21)80 nonilgrtnls O.l'.ft
looo rn Itys tclK 71 H
tiw.
l'O.
0
80
37 Vi
87 H
8?
.isvi
38
GO-i
05
2S-4
11
754
81 k
l8Ti
no
oor
28"i
ll)"i
25
107
41 H
Close.
120
0
80
37 Vi
Net
chge.
87V4 1
82
53 V, 4
37 'A
DO"', . ....
D.I t , ,
2.1!fc
it
75 M
8 Hi
10V6
no
OSJTi
28-',
loii.
2.1
107
44 4
474
II
47"', "tt
14
80T& 81,
t.ow.
7'.4
101
00
Close.
80
101
00
I-Increase. Decrcaso.
00-1
01
8IV4
J 0 Hi
5 A
71V4
OD-J
01
84-',
104V4
05',!.
71 M
-I
f Y
Net
chge.
V
Local Bid and Asked
Hurt .qusi t
do prrt
Urlll .1 11
Il.ililwln
r.tcc lltnrairu
lien Ar
do pret
Key Tet
ill t c
tu prof
I.ale Sun I'orp
Lehlirli Nov
Lclil.Tb Valley
I.cti valley Tr
do prcf
Pennsylvania
l'lilln Klcctrlc
I'll I In Co
do 5 per cent pref . .
do It iter rent pref. .
Phlln It V t c
lteadlnir
Tonopah liniment ....
Tonopab tln
Union Trac
tl II I
IT H Hteel
York Itwy
Toda
Kid
is
f.7
a
I
1I.1 tidl
Win Cramp
t c
, si
, mi
. :i-j
, i(i,4
. 14
, 14
, r.H
, 11
: Vm
' "J
554
. 2.S4
III
:in
111
, lll'i
HI717
. 4 n.i
a n-iis
;,S'
. :i7
. 81
Ask.
r.o
1:11
411
si
(17 '.4
at
711
mi
n;
754
sit
41
r.n
2N4
Hi'-a
an
11IJ.
i
Yesterday.
HI,
4S
nv
its
Ml
117
.12
111)14
ll',
ll'.i
IW
It
HIH
2(1,
I2l
no
2S'4
III
3(1
0 4
11
Pi
r. 11-in r.'.i
in hi
Ml MM
li-'.5 l)7"i
II 1:1
37 5 37
81 ',i 811
Ask.
Till
lid
till
Kll'i
i;7lil
.13
711
14'4
11'?
Ill)
YA.
H2
21
43
cr,u
2.1
4tl'.4
a;
41
in'1
IDS
1 3-10
.if"
1)S
14
:n',4
81
NEW YORK COFFEE MARKET
NUW YOHI", Atlff. 21. Tho mnrltct for
coffee futures opened Btendy nt nn advance
of I to C jiolntM. Trailing wns fairly active,
with sales on tho call 32S0 bags.
Net advances of C to 8 points wore shown
at the end of the first hour of trading, with
salo of 10.2G0 bags. The market lind the
support of leading trade Interests and offer
ings were not at all free. Whllo firm offers
from Ura-ll showed a slightly easier tend
ency, there wns no sign of general weak
ness there, and the local spot mnrket here
wns steady, with a better demand reported,
ltlo No. 7 being firm nt O'jC
I'rlvato reports from Urn7.il late yester
day said that freight rates were higher,
$1.60 per bag having been bid, which rep
resented nn advance of 00 cents over Inst
otllclal iiuotatlons. This also had a stimu
lating effect that mny have led to some of
tho scattrred outside buying of tho later
positions.
Todas
openinir.
AllCTSt ...
Heptemlxir
October . . .
November
December
January . -February
.
Marrli ...
April
May
Juno
July
JJId.
8.71 8.71
8.73
8ti
8. SO
8,ViO8.03
O.'uo 00.03
i.'u'ij
Yes'day's
clone.
8.dll (id H. 71
H.C3H8.71
H.71K.72
8.72 8.73
H.7:iK.75
H.77W8.78
8.816)8.82
M.S.ItfK.KII
8.UIIHP8.UI
H.linWK.lM
11.iMi1r11.nl
U.U1&0.65
FOREIGN EXCHANGE
NRW YOrtlC. Aug. 21. The foreign ex
change market while not appreciably less
actlvo showid Irregularity in tho early
dealings today. Hot!) German and Austrian
exchnngo declined, while Stockholm showed
firmness nnd thero was a further creeping
up In Itusslan exchange The shipments
of gold to Spain nro due to the fact that
under existing jorclgn exchange conditions
It Is cheaper to ship tho gold than to buy
tho exchange.
Pesetas aro now 20.10 to 20.25, repre
senting a premium as compared with ID In
November last year. Belligerent countries
In Kurope havo been obtaining supplies of
foodstuffs, munitions and commodities gen
erally from Spain as from tho Scandinav
ian countries.
Quotations: Demand ttcrllng, 4.75 "1 ;
cables, 4.70 7-1C; CO-day bills, 4.714 ; U0
day bills, J.CS'.i; franc cables, 5.90i.
BANK CLEARINGS
Bank clearings today compared with corre
spundiiiB day laat two years:
11)10 " 1015 1911
Philadelphia.. I3.iiuu.811 125.2111.152 120.1114.331
lloston 25.0113,4811 1!),15II.I13H 17,723,11)3
New York. .4(11.71)1,378 3(IS.02U, 10 1 112.31)2,413
Chicaso ... Ul. 881. Ull
RATES FOR MONEY
New York .,,,,,,.
Philadelphia
lloston
Chleaizn ...........
Commercial paper, three to six months, l'hlla
delphia, -lliWlV-, per cent.
Call.
2 3
3.
avj hi
Time. .
si 82"
4 l44
. 4 U i'i
USV
tilt
87
DO
Ul'
IDS'
103
2014 lOlltJ 10I4
J4 1832 IDIliJ HJia
1U33 82!f S3!?
1U33 8l!i b.-.ij
No Wheat Cargoes Off English Coast
LONDON. Aug. SI. No wheat cargoes
were reported off coast this morning and
none waiting order Other positions were
Arm. N corn cargoes were reported off
coast and iwie vas. awaiting orders. Other
posUiqbs -vera tfim. -Jnslhil- provincial
maj-kets wero firm.
iuf ()ll.lh.
per 100-lb.
uuBxei.
II.
bar. (2.2592.75; do,
Lai. 12fi2.23l da.
U01.2-.
1'ennsylvanla.
wasninecon.
YlrsIuU. per
LIVE STOCK QUOTATIONS
CHICAGO, Aus. 24. HOGS Receipts. 30.000.
Market 10c lowor. UUed and butehera. f 10.10
H11.20. cood heavy. I10.0jftll.15: rousb
Savy":il0;iuei0.D5: iUbt,,U0.35Oll.S0; pj.
IS U510: bulk. ll0.5UWll.O3.
' CASLK-iRicelptV. 'S00j.f Market weak. JOc
lower. lecve. td.b5e8.25t cows and hi Iters,
140035: stockera and teedfrs. 53.207.70:
mi. X
tillEfcP-
Natlvu aoil
1U.B5.
iiuuim. isnnn.
Western. ii.7"8 Uoibs,
Markel wrelr
ja.ouw
RAILROAD EARNINGS
LEJIiaU VALLEY
t.,iv laid.
dross operatln revtous f4.30J.497
Nst oprat.lna rynue. l."71.047
um.- idcodu i..i..
Insresu.
1573.741
.U4, IU4
W.TfV
ODratlcir lnooma
ATLANTA. BUtMINUjiAJU jmu tu'hv,
Second wk. Amrust.... !' ?"
Frooi July 1..7? $70,005 S8.183
NEW YUBK. CHICAGO ANO ST. LOUIS.
IStJEr-nf
Quarter ended -un. ?0. .""'fc-.,. 18,0 .
suniu-":::::.::...,. w.3 -75.8M
$100 BONDS
, Tct. Due. niJ. Ashed
Aioeria, i'rovinco or .... -ft ivz ui'.j
Am Fur tien Co 3-yr notes r. 11)11) us
Anglo-French 5 1D20 t)3!i
Arsentlne (lovernment ., 5 1DI3 H3
uanauu. uuiniuion ui ... lua ua
City of Jlaltlmore 4 11)02 t)8;
City ot (ThtcaKii har con. 4 1017 1)0
City of New Orleans Imp, D 1920 Ino
City of Vancouver , 44 11)23 i)3i
New York City re? 44 1Ud:t 107 !
da reir 4', 1060 102
Ala it Vlckahure 1st con. n 11)21 0s',4
Halt & uj) & u K tsc ,, a loso us
Cent Ver Ity 1st res 4 1820 fcil;
i;m ,i w I'enver en ,, -, i.' uu
eni -l nt y u n con , , a
vm -i a t(. f ronv .... i
Col i Ho ret and cit , ., 4
Krle cen conv serlea D .. 4
N Y Cent conv deb ..... II
N V 4 o J. IKrle) ist ... n
NY Nit & It conv deb ctts Uij
do conv deb res ...... II
Korf & Wet 1st con .... 4
Seab Air Line 1st & con. (1
So l'ac-San F Term 1st.. 4
Vlrvlnlan Ity 1st 5
Am Asr Chem conv deb., S
Am lea Securities deb ... II
Am Tel It. Tel col tr ctfs. 4,
uo conv .............. its
llelh Steel 1st refund., Q
Cent Leather 1st res . . O
Cbes & Pot Tel Co lit ... B
Denver Uaa & Klcc 1st.. 5
lien Klec deb 3V4
lit West Power conv deb, U
I.ack Kteel lut con ,,.,,, 5
Laclede Oas lit 5
Lbr is Altera deb res .,., T
do da .....,.,,,, 5
P Lorlllard deb res .,,., 7
do do .,...,.,.,, 5
Tierce Oil conv deb , (I
Mont Power 1st & ref..., 5
N Y Air llraka 1st conv. U
LAKE SUPERIOR CORPORATION ISSUES
A GOOD EARNINGS REPORT FOR YflAtt
Income Far Above Previous Twelve Months Deficit I0
Wiped Out and Company Shows Surplus Trading
Quieter on Philadelphia Stock Exchange
Tho reason for the recent strength of
the stock of the Lnlte aupcrlor Corporation
on the I'hll.iilclphla Stock ExcTifttiRd be
came npparent today when tho company's
report of cnrnlnpra for the "scnl year end
Ine Juno .10, 1010, wan made public. He
ports have had It several times that the
earnings wero far nheail of last yenr, nr.d
the earnings statement boro out these re
ports. Tor tho twelve months the earnings of the
milisldktry companies wcro $3,503,471. This
Is an Increase of $2,137,201 ns compared
with tho Fame period of the pravlotis year.
After deducting a previous deficit of
331,7C5, which Is a reduction of $333, COC,
tlio total earnings for tho period were
$3,171,700. nn Increase of $1,743,603, There
wan left for tho surplus nccount nfter nil
deductions $38.718, which compares with
i deficit last year of $331,705, which was
paid up out of this year's earnings. During
the early hours on Chango today tho com
pany's stock did not sell, but In the nftcr
noon It camo out ot n fractional gain.
The output of the chief subsidiary of the
Lalto Huperlor Corporation, the Algomn,
Steel Corporation, was 2GS,"04 tons of pig
Iron, ngalnst 212,017 In 1015, and 213,406
tons finished steel, nsuinst 183,430 tons of
steel rails and merchant mill material.
The period of funding In connection with
bond and noto Interest has virtually ex
plred nnd it Is expected that Interest pay
ments will be resumed In October,
Tho notes outstanding nmountlnr to
$2,432,500 nre due In March, 1B17i and tha
directors are considering their Ilauldatlon,
subject to labor conditions. The water
power of the company was sold for $1,000,
000, which sum Is In the hands ot trustees
available for new construction.
Trading was not as brisk on the Stock
Kxchango today as It has been on previous
days of tho week. This was due In large
measure to the fact that the New York
market was subjected to considerable profit
taking, ns was to be expected after the
extended rise which has been enjoyed In
tho big market. Movements of prices wer
narrow, ahd were divided between advances
nnd declines, -Cramp trust certificates,
which wcro strong In tho trading yester
day, eased oft a frncUon after scoring
slight gain. J. a. Brill' lost a full point.
United Rtates Hteel common continued to
monopolize attention, although tho demand
for that stock was not as brisk nnd It
sagged slightly In sympathy with New
York.
Financial Briefs
The New York Subtrcasury has trans
ferred $325,000 to San Francisco for nccount
ot local hanks.
A bid of $5200 net to the buyer has been
made for n Chicago Board of Trado mem
bership. .
New York hanks gained to Subtrcasury
yesterday $1,800,000 and $9,801,000 since
Friday.
At n meeting of the "Vhlto Oaks Mines
Consolidated, Inc., held In New York this
nftcrnpoti, Arthur A. llrownloc, mining
engineer of International reputation, nnd
l.'rcdcrlclc Keith, of Boston, were elected
directors of tho company.
Cold coin to tho amount of $050,000 wns
withdrawn from tho Subtreasury late yes
terday nfternoon for shipment to Spain.
This Is the largest nlnglo shipment to Hint
country on this movement. Ab has been
explained, tho exports represent balances
due Spain In Europe on nccount of sales ot
commodities to the belligerent countries.
The Bnnk of England's minimum rate of
discount remained unchanged at G per cent
today.
LOCAL MINING STOCKS
TONOI'AII STOCKS.
Hid. Asked.
Jim Butler 81 .80
MnrN'nmnra 03 ,07
.Midway 11) .21
.Mlzimh Intension IK .VII
Montnnn 'J4 .VII
North Htnr 14 .111
Tonopnh Itelmont I'i -t'i
Tonnpnh Kxtennlon T.) -r
Tonopnh Mining r.'i r..
lteruc Hula v-'l ..
West End 177 .71)
tiOLDFUULD STOCKS.
Atlanta 10 .11
Illuo Hull r- ,113
llonth 12 .14
UullrioK II .1)2
(Mil) 1)3 .1)1
Combination 1'ractlun 1)3 ,U7
Dlnmonducld II J) 02 .04
Daisy t 12 .ll.-i
Florcnro r.O .'I
lintilrtcld Consolidated K2 .SI
tinldlleld Mercer 17 .0(1
Jumbo Extension "3 .33
ICcwnnas 10 .12
Orn 04 .05
Sandstorm Kendall 03 .or,
.Silver l'lclt 14 .10
JHSCELIJVNEOUS.
Nevada IIIU 13 .20
Nnvaila Wonder 2.03 2.1S
Tccopa 'ilnlns IU .12
Condition of United States Treasury
VASIIINOTON, Aug. !. Tho conCltlon
of the United Str.tea Treasury, nccor.ll ., to
n statement Issued tot'ny, was ns follows:
Net balance In general fund, $200,700,308 ;
total receipts, $50,217,200; total disburse
ments, $07,509,330; deficit for year, $30,
703.38, exclusive of the Panama Canal and
public debt tranractlo-
French Bank Gains Gold
PAIIIS. Atl. 21. Tho followlns: nro the prin
cipal chaniRH In tho Btutement or tho Hank of
l' raiico ior ino weeic cnueu August
Rnld
.silver
Circulation
Deposits
i.oann & uixcounis
Auirust 21
irrancfli
, 4,R'i.s.lioil.()00
3:il),3i)(),niio
,111.37(1. 11(1(1,00(1
' "lo.niiD.ooo
3,(111. liio.ono
Treasury deposits. IBH.r.OO.OOU
Auruit'27
llrancsl
4,8112.11)11,000
S3M00.IHHI
10.3111,41)0,000
2,120,700.000
3,033,31)11,0110
141,800,000
French Rentes Unchanged
PATHS, Aug. 21. Three per cent rentes
were 03 francs, 55c today, unchanged. Ex
chnngo on London was 2S francs, '7V4o
today, unchanged. French 5's r-cro quoted
at 89 francs, 9Ec.
REACTIONARY TONE
IS SHOWN ON CURB
Few Exceptions to Establish
ment of Generally Lower
Prices in Day's Trading
NEW YOIlIf, Aug. 21. The samo reac
tionary tendency prevailed on tha Broad
.Street Curb ns was shown on tho Stock
Exchange, with nearly all the importnnt
Issues established nt lower prices. There
were some exceptions to tho downward
movement, however, Zinc Concentrating
holding firmly, with snlcs at 4'1.44'i, and
Springfield Body made nn advance of 2
points to 85. monitor Sliver was also well
held, with sales at 2U0".
For a timo during the day Mldvale Steel
wns In good demand, advancing Vi to
01 'J, but later lost this gain. Tho motor
stocks were Irregular, but most of theso
Issues wore In supply nt concessions nnd
showed moderate losses. United Motor
sold nt C3 14 nnd 03 K nnd Strombere was
traded In during the forenoon at 43'i and
43-i.
INDUSTP.IA-.3.
Aetna Explosives
Amerlcrin-Hrttlali Jits ....
American Mnrcont
Canadian Car Co
do pfd
Chevrolet Motors
Curtlis Aeroplane
DrlciiB.Benbury
Emerson Phonograph
llnskell " Darker Car ...
Hendce Mrs
knthodlon Jlrnnze prd
Mnxlm Munitions
Manhattan Transit
Mldvnln steel
otis Elevator ...."..;;...
Peerless Motors
l'oolo Enir
2. a ,Kr""'.".w
Standard Motors
Htrombers Motors
Hints Motors
Submarine Iloat
Trlnnclo Film
Kn,.,.,d. -I"0?' Sharlne
United Motors
U B I. & H com ....."..
do pfd
White Motors ....!!!!!!!!
World Film ..H""..""
STANDAItD
"Jnols
Prndrl ' ' Pipe ' .' .' .' I '.'''''.'' !
B o c California
51 9".Ji"w Jersey
S O of New York
OIL.
OTHER Oil, STOCKS.
co.a5!J S1 . ::::::::;
Inter Petrol .......:.:..,,'..'
Houston oil ...!!i;!!;r;;!!!
.MMeat iter ..:::::::::.:
Sabulpa net ........ I ;.":.... I
MININCl STOCKS.
Atlanta ,
ll'Suo NTr an,, 2ino ::::
First Notional . 2 Til I T 1 1 II 1 1 It "
Florenco Ooldfleld
poldrield Mereer
llecla Mlnlnir .,
Jim llutler ....! ". '. .
Jumbo, Extension .'..
McJClnley Darrah
Maema, Corper
.Mines Co of America
Nlnlsslnir
?,"n.T,5y. V
West End Con
White Oalu "!.""!!!"J
nid,
.. lill
!. "K
.. 43
.. 70
..2011
.. 20
.. OS
.. 0 4
.. 37
.. 23
.. i7;
.. o
.. i
.. cs;;
.. 113
.. 21 ,
.. DO
.. 11H
.. 0
.. 43'4
:: T&
.. sA
'.'. 031
3.,
:: Bl
5s
..178
..22(1
..243
. .207
.am
.203
Asked
12
"'hi.
35
80
2IH1
8(1
00
10
-H
30 .
18V
Oil
70
23
100
l'-'U
L
"1
180
22S
2111
200
323
207
Cerro Os ...
Mldvale. (!s .
Itusslan (I'is.
New Ilrlt at
BONUS.
3.3,(- ti1
i
10 11
ft Su
sr. co
M U
r, i-io
S4 K!)
2 .11
QU m
H'i Jfiir
5 7'.i
vh "h
.oo!i lflllK
uu uuk
B.A.
W-
APUBL!C SERVICE
11)33 ll:
mm uo
lU.'.il to
1U1H 111
18011 8311
lui.i usi:
1830 b3 i
1BII2 8!
1U21 m
1823 SO
1820 01H
1833 11)8
11) 12 100
1823 JOO
!r3 "ft
iuii U7 ;
1812 fc2
1U23 U!i
103(1 1)2
1810 10011
1941 12314
1831 100
1814 123ti
1851 100
1821 82
1913 U7Vi
1928 102
113i
U l'l
l)8
hl'i
01
109
101
102')
asjj
100
3!1
123
101
125
lut
kl
SECURITIES1
Public Service Securities
era a lien on the success of
communities.
U, Our PkdIic Service Securities are
excellent example! of conservative in-
veitment- yielding a hi-Jii return.
G, From them you not only get a large
yield, Lut the atsurance of safety that
comes only with obligations of highly
successful Public- Service Companies.
C, We now hsve four different Bonds
that yield
1st 5-2nd 5'4-3rd 5V-4th 6,
G. They are well seasoned and have
been issued by companies with unim
peachable records.
G, We recommend them for invest-
ment, and will hand you complete data.
Baken Ayliig 0. Yomxs
Land Title Bldg. Phlladelphirf
ffi03HffiL
3Iil MS
mm
. j
BCU.MARKET B2D4
KEYSTONE, PARK 65S
DIVIDENDS DECLARED
Harrison Drof. & Co., Inc. regular quarterly
of 2 per cer.t on lw common -tock, payabla
September 13 ta stockholders or record tieu.
tember ,. . , , "
Easunsn-Kodak Company, rerular quarterly
ot 2b per ivnt on the common and IU mi
cent on the preferred, payable October 2 to
stock of record September If.
Consolidated Gas. Elvctrlo Ught and Power
of JJaitlmors. resular, quarterly of 1 per cent
on common stock and regular semiannual of 3
per cent on preferred, into, payablo October 2
to 'stock of record September 15
Masnu Copper. rmruUr quarterly of 60 cents
a share, payablo September 30 to stock ot record
September bv "
Spot Wheat Firm at Xircrpool
UVERPOOU Aug. 2tSpot what firm,
with No. S red winter quoted at Its lid,
unchanged; No. 1 northern Manitoba, 15s.
a gain of Id; No. 2 northern Manitoba,
lis I'd. an upturn ot Id, and No. 3 north,
ern Manitoba, 14a SHd, a rise of "4d.
Spot corn firm, with American mixed
quoted at 10s Td, an advance pf Id, OAd
Plata at lis U, unchanged. Flour was
quoted at (is, uncha-ged
Edward B.Smith&.Co
KlTlBLUUto 1682.
BANKERS
Jcinter- JVeu York anil Philadelphia
"lock Exchanges
1111 CuMTNor Snirr, fuiuoztrnu
30 f ikk Srsivr. Niw Yosk
INVEST IN MORTGAGES
AT 5.496
Recommended by
BEN T. WELCH
1323 Chestnut St.
UUtEOTOBY Or ACCOUNTANTS
I'trtlflyd 1'ublla Aeeoimtaats
liAWRBN'JS B. DROWN ft CO.
115 HJiA. B8TATB VfiVWf UVUMmO,
OWN
tusy
ELKINS, MORRIS & CO.
BANKERS .
Land Title Building
Philadelphia
High Grade
Pennsylvania Tax Free
Railroad Bonds
EquipmenU
and
Public Utility Bonds
UEMDEBS
NEW YORK AND 1UILADEU?JIU
STOCK KXCHANGK .
bis UDderlylni
arse equity la
power,
ns fublla
properly
TAX FREE
Utility llond ufiu'jf
(alas and csrolu uo
PRICE TO YIELD 5
Circular Furnished Cpou Btausst,
MELLOR & PETRY
'Umber K, Y. A I'blU. 8tock Exchaaxef
339 COUMEJBCIAt. TUCST UCIUllN'O
RiAziERa-Gx
INVESTMENT BANKEBS!
Broad and Sanson Sta.
D1VI11EN1J NOTICES
OFFICB OV
IX4BBISON IIUOS. & CO.. ESC.
-WW Jrogr' Ferry Head
d of Directors lkas tlita d&ykdaf tar
neriy luvueaa ci s i ntr trutrtl
k!VUB yvinuwH LSIUiai 0UJCIK W
. PyOM MBUSSUC pt. If if.
If nc-rd at It ciiiii) of biilo-
Tli Board of Director ta ibU day dvfUrel
on th ouutindJB Cvmuuta Cat
-ICls wmuor,
aiDcklOUiItr o
BCttsaio? v,
in
WllJtWK.K:
Sm
kuaajjHjKu
jyiy
gji - I - J . .' - . USti.. A.jJaaraff&fc... '