NT
II
l'i
FINANCIAL NEWS
jMARKET MOVEMENTS ARE RULED
im&.i:
Declines Occur at Start of Trading, but Reports That
Postponement of Strike Date is Probable Cause
General Buying and Stocks Advance
High Points in Today's Financial News
Fiii copper companies declared extra dividends, they being Bulle and
?"WF?Me VJda cMtcd,RaVand Chino. Dels of 1 to 8 made
,n Wall street that there will be no railroad strike on Monday. Bullion hold
ings of Bank of England smaller, discount rate unchanged. Bank of France
gained gold, lost silver. Price of bar silver unchanged in New York and
Lbndon. Big inquiries for steel rails. Wheat turned strong in afternoon and
cotton advanced on Government report. Stocks in Wall street became strong
after prices started lower. Bank clearings smaller in Philadelphia during
August. Stock and bond trading m Philadelphia larger in August than in
July, but below August, 101s,
NEW YORK, Aug. 31.
Market movements nil through tho day woro ruled by hopes and fears In
regard to tho railroad labor situation. Tho character of tho morning's jiows had
nn unsettling Influence at tho start, when declines wero sustained In tho majority,
of tho actlvo Issues.
Shortly beforo noon, however, reports asserting that a postponement of tho
Blrlko dato la probablo started a general buying movement, on which somo
stocks roso to new high records, and nearly everything traded In mado substan
tial gains.
Beforo thoso reports were current tho market was full of points to buy United
States Steel common and other stocks, and, ns Wall street phrases It, theso points
wcro quickly, mado good. United States Steel common, after selling below OG,
rose to 08V4. ,,
Tho declaration of tho copper dividends, with tho Increase In tho distribution
on Nevada Consolidated, caused vigorous buying of nil tho copper stocks. In
spiration roco moro than 2 points to a now high record of C7, and vigorous up
ward movements also occurred in Utah Copper and Anaconda.
Marino common and preferred both sold at now high records during tho fore
noon. Tho short Interest In thoso stocks Is said to bo extremely largo and a good
part of tho buying on the early advance represented covering of part of theso
shorts.
Lato In tho afternoon United States Steel crossed 99, approaching Its high
record of 99, mado on August 23. Tho munition stocks showed renewed
strength, but trading in these Issues, as well as In many specialties, consisted to a
great extent in a covering of shorts which had been put out on tho strike and
war news earlier In tho week.
Copper Companies
NEW YORK, Aug. 31. The Ray Consolidated Copper Company declared tho
regular quarterly dividend of BO cents and nn extra of 25 cents. Chlno Copper de
clared tho regular quarterly dividend of $1,25 and an extra of $1.
Tho Butto and Superior Copper Company declared n dividend of $1.25 a sharo
ond an extra dividend of $5 a share, payable September 30 to stock of record Sep
tember 15. This Is a quarterly disbursement, being an Increase from tho previous
rato of 75 cents, and places stock on a regular annual dividend basis of $5 a
share. Threo months ago ?10 extra was declared in addition to the regular
dividend.
Tho Utah Copper Company has declared a regular quarterly dividend of $1.50
n sharo and an extra dividend of $1.50, payablo September 30 to stock of record
September 15. This Is the samo as tho declaration threo months ago.
Tho Nevada Consolidated Copper Company has declared tho regular quarterly,
dividend of 50 cents and an extra of 50 cents, payable Septombcr 30 to stock
of record September 15. Threo months ago tho dividend was 37& cents regular
and 37',4 cents extra. This Is an Increase in tho regular rato from $1.50 to $2
a share.
Corey Refuses to Discuss Possibility of Midvalc Dividend
NEW YORK, Aug. 31. President Corey, of tho Mldvnlo Steel ond Ordnanco
Company, arrived In tho city today after a trip through tho "West. Ho refused to
discuss tho question of whether Midvale stock ls to bo placed on a dividend basis
at tho meeting of tho directors on September G.
;WHEAT ADVANCES
ON BRISK BUYING
Nervousness Over Labor Trouble
at Start Causes Declines, but
Confidence Brings Recoveries
GRAIN BELT WEATHER TORECAST
CHICAGO. Aiib. 31. Tlio weather fore
taut for SB hours follnnHt ,,
Illlnolt .Shnnem tonight nnil rrlilajvet
ceut fair noutliciifct tonlclitl warmer tonight
south nnil centruli cooler Krldi. ,
MUnourl Hhoern tonight und probably
Friday! warmer tonlelit south, east and
eat central i cooler Friday. ... ,
Wisconsin Unsettled. with thunder
shouent this nfternoon or tonlshtl went and
south cooler tonight! .Friday, tinrtly cloudy
and cooler. . ...
Mlnnexota Generally fair mid cooler to
nlnhtt l'rlctuy. partly cloudy, cooler south.
Innn Showers thN nfternoon nnil to
nUhti coaler tonight northwest! lrlday,
lirnljably fulr. cooler, east und central.
North Dakota Unsettled tonight and Frl
day; proliubly shoncrs north; cooler tonight
southeast. ... . A
South Dakota Fair tonight) cooler casti
lstiln tkfiktltf Jhffsvlrtl?
I Nebraska Generally fair tonight )nd
Trldjy. except probably unsettled extreme
eut tonight: no decided change In tempcra-
, "Ifansas I'artly cloudy, , with thunder
j showers this afternoon or tonhrht extreme
westi cooler tonight wetti Friday, sener
ully fair und slightly warmer.
CHICAGO, Aug. 31. There was a de
cided change in sentiment in the wheat
market today and tho tone was firm, with
net advance of 3834q at the close.
Tho Initial feeling was nervous and small
declines were reported. There was a dis
position to hold off and await developments
In the railroad labor situation. The point
was mnde 'that everything now depends
on a strike, and should one actually be
started It would bo considered bearish at
least for the distant months, while a set
tlement or postponement would tie bullish.
This feeling, however, did not continue
for any length. of time and, after weak
holders had unloaded, the buying became
moro brisk and advances were recorded. A
demand that absorbed the early offerings
was considered of a good character and
absorbed nearly all the supply which came
from speculative 16ngs.
Elevator houses and export Interests took
substantial amounts of September, Cables
received stated that an ofllclal report gave
tho acreage of wheat In Great Britain as
258,000 acre3 under last year, while ac
cording to another ofllclal report the har.
.vesting in France has been finished and
yields are small, with the quality unsatis
factory, A semiofficial report stated that the Im
port needs of France would amount to 120,
OpO.000 bushels.
Vlrtualy the same Influence ruled In
corn, which showed advances of to lUb
nt ho close, with tho largest gains recorded
Jn Sept-mber, Early prices were some
what lower on porer Liverpool cables, but
themarltet later moved Jn sympathy with
wheat.
Liquidation and Bhort selling caused
early losses in oats, which wore later re
covard on commission house buying of the
distant options, with shipping concerns tak
ing September. At the close prices were
M to o net higher.
Leadlnx future ranted as follows:
Yes.
Close.
Wheat
Open.
High.
1.4Si
1.4T
1.41H4
Low,
1.37
!
75
43U
4ttU
49tf
Close.
Pent... 1.4
tt
l.SBfe
, joiZ
Dec,,., l.4t!
ilay... 1.4(1
M . ?.4?
l.lMt .!
UK
VQ
orn (new delivery
HSDt... K.1V. KT
tfi
sn;
8.1H
72
7Bli
44 ,
60S
pec . , Ti 73
m
r - (ttls (
7tlU
uais
Sept. ,
43K
4(1
:
um
tyI
t30'
UK
Best... 14 09
Oct . . 14. IT
De-.t J3-7T
14.15
14.20
13.60
13.80
IS M
13.43
M-19
1S.8T
13.03
J3.63
14.32
tu.orf
12.81
t2T.43
t23.C0
J-i.ia
13.80
14.45
14.22
13.10
2T.53
21.00
&f::: Mil .:S.
Jn .. 12.80 IS.IO
Pork
8Pt.. ST.SO ST TO
Dee . . . 23.0D 24.10
B14. ifAsked.
14.30
14.00
12.01
2TB0
23.0(1
Denver and Rio Grande Payment Date
NEW YORK, Aug. 31 Tho Denver and
Rio Grande Railroad Company announces
that semi-annual Installments of Interest
on its adjustment bonds, amounting to 3
per cent-, represented by coupons 18 ond IT.
will ba paid on and after October 1 next, at
the New York Trust Company. New York;
X John K, QiUlat & Co., London; Deutsch
Banii, BrUn, iua. Adolph Botsaevain &
Co., Annterdacy HollSJid. .
BY RAILROAD LABOR SITUATION
Declare Extra" Dividends
New York Bond Sales
High.
B. Sf,
..111-!'
ILL
Low.
SIIV4
ll,-Jr
U.'iH
us.,
titH
1U3
U3'4
lu-ft
HI) 14
UK)
8UJ4
til
UUji
luiiU
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ui)V
win
i
bf.
1)7 i
Close.
HT
1II2U
l)."i'i
!H
10d
1)2 'j
1U2'4
80(5
100
80T4
D4Vs
hB'js
OO'i
lOO'i
1009s
t)0'.i
HHVi
82
l"-?r
till,
M..
U7i
034
J8000 Alas Gold cv As er
304UUO Anslo-l.'r lia WJ?
(11UUO Am ForelBn Hec Ss...
111)00 Amcr Tel clt 4a Uli
liooo do conv 4b 1".
14U0U Armour Co 4V4a .... (Mm
Mono Atchison sen 4a .."rS
D00U do cv 4a 1DUO 102'(4
1UUU Atch Trnna b Li 4a... blity
14(100 1U O il ltiOVS
2000 do 4a Mji
10OU do cv 4'4 "ji
1UUO nto 1- 1.U4WV 4a .. 5J.
li)()U 11 & O Swn 34 .... UOU
15000 Ileth SSteel rfd (is ...loon
3000 Urook It T 5a 1018 ..1""J
121100 Can Govt Bs 1U2U.... 1)U
140(10 do lis 1HJ1 J'O"
2000 C C C Ut Ij 4 h2
10000 Cent Leather 1st 5a...l(JJH
400(1 Cent l'ae 1st la ..... 88
llKIOO Chcs & Ohio conv Bs. . IKS'i
100)1 Chi & Hast III Oh .... !.
100(1 Cht II ft Joint 4s.... IT3
1000 Chi II. ft. CJ, Joint 4s... .'4
1UOO Cht Alii & tJlf rfd 4W" JJ
1000 do een 4y eJUJ
2000 du cen 4!4a l'jo
1U000 Chi BUI' 0 g.8
81) Ji,
lool
5H
'Ak
Ul'l
USJ4
UO'iK
i5
1034
102i
8U?
1)7 Ji
IOS',4,
UUT4
K74
34
1U2
II.".
H4W
IOITi
1-..
1134
73!
rioii cnineso rcis un '
T.
SOOO Col Industrial Bh ..
70011 Col & Mouth 1st 4s .
1000 Del & Hud rfd 4s...
S.iouu Detroit 'tunnel 4Va
11000 Detroit United 4V4s .
'laooil llrla uen 4s .......
fiuoo Krlo conv 4a aer IJ.
BOOH Uranby atas ....
3000 Uen lilen deu. 5s .,
00OU Indlanu Steel 5s.,
iiouu 111 Cent rfd .4a ....
2U0O Interb Met 4Ws...,
20000 Interl) It T ref Bs .
1)5000 Inter Mer M ct 4',4s
7UV 7Uji
ui;v UlU
tiKH l4
: in
, 81)
, 71
72'4
.io4;
,103i
.102.
70.
724
lot;
10.14
1(I2
. HUU
wi is
. 7
Ji 73.,
4 los;
. U7
,10S
13(100(1 do w I us
1000 Kan City Ter 1st 4s
O, koiii l.u.tri. Mtttnl r.9 lllrill.
. !I7
1)UI
H7
03?;
102
05
87 W
100(1 L,acleae uas riun...";
1000 Lk Hh deli 4s lt)28.... J ,
,...! .... .1... l .(It, ..-- 1I1H.
U44
"000 Liu a Jl T 5s l'llft 1U1
10011 do 7b .''V'.'l. u-'ii'
11)000 I-nuls & Nash 4s .... VVa 3,a
MIII1II Mn Knn i T 1st 4s... .74 . . 'a
R'liilllk Mn Pau w 1 4s U4U.. 01
dl ...
OOOU Slo Poe Bs 1020..... OOVj
20000 MP col Ss'lT Uu ct2;ta 01
4000 Mo lao 1U1T col tt.. u ,
1000 Mo Taclflo cbns Os.. 101?
1000 N Y Air UraUe cvt 03 103
100(1 N Y C L H Sfts.... 74U
Saooo NYCi Hud Os 111V4
1000 do con 4s h-,
400O do 4V4s . V.r.l
loooo N Y City 3s May '51 r. Jg
loou do 4s 1U50. I""1
1U0OO do 44a 1000 103
004 004
04
01
I)U
ioi;
10.1
iTl'i
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103
ills';
ion;
11)3
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11IU
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024
1124
looK
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103'i
33000 do 4b 11)115.. . J'l.,l
inn
100!
Jnun NTnrf &. West dlv 4s
88a;
h8
014
88i
22000 Nor Pac prior 4s...
01
U 1U
5000 Ora, Short L ret 4s.,.ui; jj -j.
3()0(l Paclflo Tel 6s 1 1 J : r
Sert-:::: gjjiisglSiS
111!)
UlU
B00O Phlla Co cv lu-'i...,
1000 Public Berv N J Cs., -
0000 IteadInB,B.en 4s
2000 ltepub Cuba Bs 1014, , UdU
TOOU St U & B ?' ftdJ S?,Q
BOOH do rfd ct sta 4;.. 7-Jj
200H do ten ct . "
00110 do fcer-A w I OSg
200(1 do Berll w I.. ,!??
30UU South Hell Ba ;...... U,l..
2O0O( South Pao cv 4s ..,"'
H8
II y
iS
,'54
UU 4
834
72S
N44
lOOJf
8dfi
103,.
8!)H
71U
101
054
tmu
83
o
ii;
84
1110
8U4
ins
70UO do rfd 43.....,,.. 'J
804
71U
luo4
01
4000 South Uwy sen 4 ?
800(1 to con Bs. .,.....,, l"
5000 Tenn C rct.f P. ."'.r,
01.
MS
loooo Third Ave 1st os,.,.i';
1
IH'A
Vt
1000T0lSti:W4s 53 05 oa
10U0 U SU0Vt2S. ..,.,,...; "u HS:
oouo U H Hubber Os 102U 1 - j -
23000 U 8 Steel s f Bs 1054 1035, 1U3
55
j
'1
11)34
ill)'
4000 Union fact r'u , ... ""
oooo Un Rwysf !;.,,,,. aj
B000 Un llws ft L 4s . ... t
800O Vtt Itwys.Ss..........
2000 Va, llwy & Power 5s., 87
700U Wabash 1st 6..!.,.,103
00
33T4
111
084
314
01
084
874
1034 1034
T9
34
iI i 1
rxxrt vrr. pi.trio m 1024 lui iu;
..--i9 .., n.,a.
IIUU .. S M......... --.-.". ' , , fci
.... -.,.. x, v x. i.f. am nt n
72
72
73
CUUO lYCSl fiAU ci.,,
August Securities' Sales Bigger
Transactions Jn securities on the Phlla.
delphla Stock Exchange during August
wefe much In excess of last month, but
not nearly so large as during August of
teit year. The greatest sain qver last
month was made In stocks, there being
transaction covering 2S1.538 bhares. as
compared with 168.820 in July and T.4
during August, 1915. The total par value
of bonds sold during the month ended to
day was ll.4J6.300, against I1.Q50.650 ast
month and Jl,178,l8 during August of last
year.
Local Bank Clearings Lower
Bank clearings In this city during
August, although the lowest of any month
since February, were, far in excess of those
. tha corresponding month of last year.
They exceeded those of August, 1915, by
1313.651.165. maiuus nm wi y
iT?Ph total was 1J38.4S0.1Q6 for the
month as eoaj,pared wiih, l,0?0,STS,gi(Hast
monta. , , , , , t , , ,
EVENING LEDGER-PHILADELPHIA, TH0KSDAY, AUGUST 31,
New York Stock Sales
Last close. Hlsh. Low. Closo.
Acmo Tea 1st pf 03J 05. U5 05
AlasM J Uola M.....,.',S7)i V,i V.i VA
Alaska Cold M 13 131f 125C 13H
Allls Chalmers Mf2...i. 22 H 23 22U 23
Am A Chemical 75,'f 70J 7d 70H
Am BcetSujat S054 S8M SSlS 8SM
Am Can , C9H 02 H 50H 01
Am Can pf
113W 113H 113i MM
, , ,, ,,!
AmCar&Fdy ,...01 C2JJ 02 02! 8
Am Coal Products. ...il45 143 . 143 143.
Am Hlde&r,pf........ 51W blH cm ClH
Am Ice accur.tlM....... 28 28 27U 28
Am LlnscoJ.... 2M 2M 2V,i 21!
Am Llnsce.1 pf 40 40H 40Jf 40 M
Am Uxwrnotlve.... 74U 70Ji 7fi!f 70W
Am I)comotlTOpf......l05 105 1044 105
Am Malt Corporation,.. 7 7ii 7J 7ii
Am Mad Corporation pf 40 40 305 3HH
Am Smeltlnst n ltc. .... U05f 08H GH OSH
AmBmcltpfA 055 05H 03JS 05),
Am Buear Ilcflnlng 100W 111. 10314 110
Am Tel &Tel 1301, 130' 130U 130JI
Am Tobacco 220 220 210)4 210U
AmWoo.cn 44)4 44 41 44
AmWrltlnePpt 27 20J 205S 205$
Am Zinc L A Sm. 32H SV,i 33 33H
Am Zinc L& Sri pf.... 05)5 C0'-J 08) GOM
Anaconda Cop M Si HM 83U 85
Atch Too &S P 102! 102)f 101f 102
AtchT&MPpf 08JI Mi 8U ,II3J
Atl Coast Lino Ill 113
AH (lull ft W I 71 72'
At a &WI pf 05K 05)f
Ilald Ixko Worlcs 70!f 70
Halt & Ohio., H4H HQH
Hclliloliem Steel 431)5 4S3
llrookiyn Hap tt 854 5)a
Hums Bros 79M "!MS
Uutto& Superior 03!f CHH
Cat 1'alroleum lSJf 10
Cal Petroleum pf 45)j 40
Canadian Pacific 177 173
Central Leather ,, C5)f 50
Chos&Ohlo GO Gllf
113
113
70V
055f
70
f41i
7215
C5!f
78 i
80
iSO
4S3
85!
70
02) i
18!f
40
SUM
"OK
can
10
40
1705X 178
mi 50
59W 0055
35H 354
Chi Hroat West pf 35,'f 35H
Chi Mil & Ht Paul 113 05 II J!.' 05
CM &North03torn....l20 1204 1204 120h
Chi It I & Paclllc 17K 18' ( 17 IS
Chllo Copper 10JJ 10JX 10f lOJf
Chlno Copper r,U '3 mi C2
Cluott Pcabody & Co... 70 C9JJ (lOJi dW
Cluctt Pea ,t Co pf....,109 103 103 10S
Col Fuel & Iron 404 48H 45?( 43lf
Continental Can 07U 074 05 07)5
Consolidated Oas 135)5 1354 135)5 135H
Cruclblo Steel 74 704 734 75!f
Crucihlo Steel pf 117)5 118 117U 118
Cuba Cano Susar 54 55! 5 53)5 53! (
OubaCanaSuearpf 044 U1JJ 04 01)
Delaware & Hudson 1514 1504 1504 1504
Dcncr & nioOrpf 334 33 324 33
Dotrolt United nwys....li74 115 115 115
Diamond Match 110 115 115 115
Distill Sec Corporation.. 44)f 404 Lili 404
Dome Mine? 25 ,. 214 244 214
Electric Storaeo Hat .. 03 01JX C4l 014
Erlo 304 37)4 35)5 37
l.'rlolstrif 524 534 524 534
I'cdMln&Smpf 38 39)5 30)5 304
General r.lcctrlc 10915 170 ICO 170
General Motors pf 121 127U 121 124'J
Goodrich UF 714 724 704 724
Goodrich B F pf 1134 1134 1134 1134
Groat Northern pf 1104 117 1104 117
(I Ncfs for ora prop.... 304 374 304 37)5
Groene-Cananea 45 414 404 404
GuU Slates Sccel 73 74 71 74
Gulf States S 2d pf 85 81 81 81
HclmoO W & Co pf....H0 117 117 117
Illinois Contra! 101 1004 1004 1004
InspConCo'p 55 53 54!f 671 f
IntHarvNJpf 118.114 114 111
Int Paper 15! 154 15 15K
Int Paper pf 70 72 70)5 72
Int Nickel v t ,cfs 404 424 40)5 424
IntMMcofdp 12J5 44)5 424 43
Int M M pto ot dp.. ..1034 10-14 1034 304
Kan City Southern 244 214 244 214
Kan City Southern pf . . 594 59 59 59
KascrJ&Co .OS OS OS OS
Kelly Sprluz Tiro 7G4 704 774 70
Kcnnecott Copper 48)4 404 47)f 494
Lack Steel 754 77 75 7
LaclcdoGas 105 105)4 105)4 1054
Leo Kubbar Tire 454 47 45 45
Lchlch Valley 784 784 7',i 78
Llgcctt & Myers 204 207 207 207
Louis & Nash 1204 129 12J 12J
MackayCospf 074 G74 074 074
Maxwell Motors 82)5 834 81)4.834
Maxwell Motors 1st pt.. 854 85 85 85
Maxwell Motors 2d pf... 55)5 54 51 54
May Dcpt Stcres G04 Gl 01 01
Mexican Petroleum 1024 1034 lOUf 1034
Miami Copper 344 344 33JJ 34! 1
Minn St P & S S M ....122)5 1224 122 123
Missouri Pacific 3)5 3)4 3)4 34
MPactrch S)5 34 3)5 34
Mo Pac w 224 224 22!f 224
Montana Power pf 112 110 110 110
Morris Essesx... ...... 81 81JS 8'))5 80)4
Nat Cloak J Suit pf.... 109 109 109 109
Nat Lead Co pr 110)5 113 113 113
Nov Con Cop 134 104 184 104
New York Central 103 103)5 102)5 103)5
NYNH&1I 6S34 694 60 504
NYO&We3t 204 20 20 20
Norfolk Southern 23 23 ' 23 23
Norfolk & Wcitcrn ....1294 1284 12S4 1284
Northern Pacific 1C94 110H 109)5 1104
Ontario Silver Min 04 035 034 04
Pacific Mall 254 204 20 20
Pcnna Hallroad 6335 554 5535 55'4
Philadelphia Co 39)5 39 3) 39
Pressed Steel Car Co... 52 54 514 61
Pressed S CarCopf 101!i 10H4 10 IK 1014
Pullman Co..
100 lu-iu ih-vi tutu
.... 454 40)4 45 43)4
.... 244 25)5 24 25)5
....1034 1054 10235 103)4
.... 43 43 41 . 41
..... 614 534 ill .34
lly Steal Sp Co...
Kay Con Copper.
Heading
Ilcadln: 1st pf...
Itepubllc Iron & d ,
Itepubllc Iron &S pt...H34 11334 11334 11334
Scars Hoe & Co 205 20S 20235 208
Shat Ariz Copper 27)4 2834 274 2S34
South Porto It Susar.... 181 180 170 17i)
oouthera-Pacltlc 0734 074 SI534 97)4
Southern Kv 23 234 22)4 23)5
Southern Ry pf.., 074 GS G74 OS
StL&SFwl 1555 10 10 10
Studebaker Co 121W 125 122)4 12334
Tenn Copper 234 20)5 23U 25
Texas Co 101 191 191 191
Third Avenue G24 03 03 03
Tobacco Products 40
Under Type wr 101
Union lias & Paper 8
Union Has & P pf 40
United Clsar Stores 09'X
40 45.4 40
100 10O 100
7K 73f 74
45)4 45U 4531
994 194 C94
103)4 102 102
United Fruit..., 1024 1034 102
Union Pacific 140 111)4 139)4 140)4
Union Pacific pf 82!f 82 82 S3
U aind Alcohol 110 1114 10734 111)5
USOIP&F 104 194 19)4 104
United Hys Inv Co 834 014 84 034
Ud Hubber...., 504 60)4 51 G)4
US Hubber Istpf..,., .111)4 J10)i 11034 11034
U S bra H&M.. ........ 0S)4 70)4 094 7034
U S Steel Corp'n ,.004 00)4 u5)5 0735
U S Steel Corp'a pf 117)4 11734 117)4 117)4
Utah Copper 814 83 804 83
Va Caro Chcm 3034
Va lly & Power 45H
Wabash... ,. 13)4
Wabash pf A 4S)4
Wabash pf D., 20)4
Wells Fargo Exp .., 121
WestB&M 634
Western Maryland., ..... 28
Weymaa-Bruton ,255
Willys Ovemad ,, 45)5
WUlys OverUnd Df 104
40)5 40)5 40)5
47 47 47
1334 1334 13)4
404 4SH 40
27J4 204 27)5
124)4 1214 121)5
68)4 6S)4 68)4
28)4 28)5 28)4
205 235 205
41)4 45)4 40)4
104)4 101)4 10414
WOOlwOrUJ If Vf, ..,.,, J35)5 1354 W34 3S
Worthlnston Pump 31M 30)4 30)4 30)4
Worth Pump pf A 00)5 004 004 2M
Quoted ex dividend,
ENGLISH BANK STATEMENT
LONDON, Aug. St. Tho weekly state
ment of the Bank of England follows; To
tal reserve 38.495,000, decrease f 1,565,000;
circulation 136,161,000, increase 615,000;
bullion 56,197.000, decrease 9(9,000; other
securities S1,941,0Q0, Increase 3,894.000;
other deposits 103,140,000. increase 389,
000 i publlo deposits 52,361,000, increase
933,000; Government securities 13,188,
000;, Increase 1000. The proportion of the
bank's reserve to liabilities Is now 21.90 per
cent, against 26.10 per cent last week, and
week last year 24 H per cent. The clearings
through the London banks for the week
were 357,170.000, against 259,150,000 last
week and 275,985,000 in this week last
ycar The Bank of England's minimum
rate of discount remained unchanged at 6
per cent today.
NEW VORK BUTTER AND EGGS
NEW STORK. Au. 31 BUTTER RecelDts,
913U tuba; aucply abort sod market higher and
strosuer. Kitra creamery. 33Vic: higher cor
hw. 3l03lSo; state dairy. S232Mc; Imitation
creamery, 8)jo. t. t
KOUS Receipt!. 11,129 ciuei: values higher
and unsettled. Extra. SO 037c: Mtra Grata.
33c: firau sQSici white- gsa, 43010c; brown
ess). 3SW10CI rnlied color. 3037c
BAR SILVER
Bar silver today was quoted in London
at 3 2d, unchanged.
Commercial bar silver In New York was
quate4 -t 7ilc uacbangwi. .
GOVERNMENT REPORT
MAKES COTTON JUMP
Many Options Reach Record
Prices Soon After Publica
tion of Condition of Crop
cotton nr.ir weather conditions.
,NKW YORK, Anir. SI Very little rre;
ftnltsitlon won .reported In !le,oJ'enllvi
till motnlnit, but It wo rioudy In Trtna
nnd Oklstlinmii. Temuerntnrea ranged Irom
CO to 70, , . .
The following temiiernture n ver reported.
Nnhillle, Mt Ailietllle, Oil J'lmttnnooEn,
Knorvllle nnd Lit tin. Rock, 0l Memphis nnd
Atlanta, 68t Rftlelh,k Slireveport. Iprt
Hmllh and Mnfon, 70 Auguita, Hmnnnnh,
Ullmlntton, Han Antonio, Oklahoma City,
pel Rio. (ffc.biirir, Meridian and WrmlnK
linm. 72 ThnmnnVIIlo nnd MontKomrry, 711
Mohlle, rennenla, . thirlenlon, Tampa.
,lnrkontlllo nnd (falrmton. 781 htvr Or
lean, 8O1 Corpna t'lirMI, 82. ..
There na .02 Inch of P"'1!"'"',1"".,?'
Tampa. .08 nt htrle Man. .to nt Onlwton
nnd Meridian, ,U nt llel Rio ond .41 nt
Jacksonville.
NEW YOnK, Aug. 31. Cotton jumped
J3 n bale above low prices of the day this
afternoon following announcement from
Washington that tho Department of Agri
culture estimated tho crop at 11,800,000
bales. The world's demand for American
cotton Is estimated hcrq at 14,000,000 bales.
October cotton was bid Up 51 points to
16.10 cents a pound, whllo excited bear
traders who had been selling for a de
cline rushed to cover. January cotton wns
up 53 points nt 10.33 centB and July up G2
at 1G 03 cents, alt record prices, soon after
the noon hour.
The report mado the condition 61.2. Add
InR llntcrs to tho estimated crop of 11,800,
000 bales would mean a totnl yield of pos
sibly around 12,000,000 bales. It wbb ex
pected that tho ultimate result of tho re
port would bo n heavy resumption ot trado
buying nnd nn Increased demand for goods
at advancing prices.
Added to the fact that tho condition was
tho lowest on record for the period was
f- - further bullish feature that, judging by
tho last weekly weather report, the crop
has deteriorated since August 25, tho tlmo
tho report was compiled.
Tho market continued very nctlvo and
generally strong In tho afternoon, although
under free offerings from several of the
leading bulls, understood to represent an
effort to check a too rapid advance, prices
eased oft slightly, January reacted from
16,42 to around 1C.30.
At tho high point of tho day prices
showed a net advance of C2Q)CC points.
October contracts sold up C5 points, largely
on covering on tho rnllroad situation nnd
tho bullish view of general supply pros
pects. Kxports for tho day wcro 22,529 bales,
Including 19,444 bales to Great Britain,
12G0 bales to Franco nnd 1900 bales to
other points on tho Continent. Clearances
for tho season aggregate 3GG.055 bales,
compared with 150,761 bales for tho cor
responding period last season.
Yes. rloc. Opn. 11 a m. 12 m. 2 p.m.
October ir..ns ln.sa l.'.os in.7'J 111.111
December ... ir.,75 in.es ir,.m in.7() lfl.i.',
January .... ln.Nl in. in ir,.7.l 1.1.70 l.3l
March in.n.T ln.Hi! ifi.six in.ni) in.4.-
May 10.07 1S.IIII 10.01 10.07 1U.3S
July Hill 10. Ul
Spot 1&.S5 . ... ..... ..... .....
Liverpool Cotton
IjIVrirtPOOI.. Aug. 31, Spot cotton was
dull today ot a decline of IB points on tho
basis of 9.47d for mid-uplands. Tho sale3
aggregated 5000 bales. Including 4000 Amer
ican. The imports wero 1000 bales, nono
American. Tho market for futures closed
quiet at a net dccllno ot S10 points.
PHILADELPHIA
MARKETS'
GRAIN AND FLOUR
WIIHAT Receipts. 7B.280 bush. Tho market
advanced lc under Hunt offorlnga. nnd stronger
western ndvlci'B. Quotations: Car lota. In export
eleator No. I" red. spot, ll.l'JWl.'.i; ro. J
Rnuthsrn red. ll.tllOl.43; steamer No. y red.
$1,311(1.42; No. 3 red, Jl.SuWl. 1'J: rejected A.
tl.3ilWl.3li; rejected ll, tl.a3tpl.30. , .
CORN Receipts, lL'.Rl buih. Tho market
advanced lc under small, supplies and a fair In
quiry. Quotations: Car lots for local trade, lis
to location Western No, a ellov, liTUOSc: do
atoamer yellow, UilWl)7c; do No. 3 yellow, UIW
UJc; do No. 4 yellow. UKBlil'c.
OATS Receipts. 0,0J3 bush. Offerlmrs woro
lluht nnd tho market was lc hlcher. Quotations;
No. y white. CMfBlUc: standard white, riJJji
n.tr: No. 3 white, 51'4WnJ14e; No. 4 while,
SUSi'.llc, samplo oats. 4,((il8c. .-.,
FLOUR Receipts, 830 bbls. nnd l.BSi.O.'iD
lbs. In sarks. The market was dull and Inreely
nominal. Quotations per 11)11 lbs. In wood: Win
ter, clear, tufiid -'.',: do, stralBht, $0. I0u.8o:
do. patent, t7M7.50; Kansas, clear, cotton
sirks. $U.nOH 73; do, stralsht. cotton sacks.
$7W7.23: do, patent, cotton sacks, tT.40O7.ttn:
sprlnir, llrst clear, ttl.r,uT.25; do. patent. t7.r.D
ifKl'j; do faorlto brands. $s SiHPH 73: c Uy
mills, choice and fancy patent. $(j.n()W8.T..: city
mills, regular (trades Winter, clear. $!'' -3j
do. stralcht, $R.SUUU.80; do. patent. $TtoT,30
RY12 FLOUR sold slowly at former rates. Wo
nuote nearby ut JU4fU.50 per bbl. and western
at $U7.
PROVISIONS
Tho market ruled firm, with a fair Joblilns
demand, nnd somo kinds were a simile higher.
Quotations. City beef. In sets, smoked and nir
dried. i8c: western beef. In seti), smoked. 28c:
city beef, knuckles nnd tenders, smoked and nlr
dried, Hue: western bee!;, knuckles nnd tenders,
Binoked J'Jc: beef hams, UH(I30; pork, family,
$li8.uOW21i: hams. S. 1. cured, loose. lbVj Olllc;
do, skinned, loose. ll)'j 21)c; do. do. smoked,
Mi 4)i21c; other hams, smoked, city cured, as
to Vand and aerae. lulici hnms. smoked,
western cured, llH4c; do, boiled, boneless, jio;
picnic shoulders, a. I. cured, loose, 14c; do.
smoked. 13c: bellies, In pickle, according to uner
ase, loose. 17Vjc; breakfast bacon, ns to brand
und nerage. tlty turccl. 'J-'c: breakfast bacon,
western cured. -Jlc; lard, western, refined. In
tierces, 134c: do. do. do. In tubs. 154c. lard,
pure city, kettlo rendered. In tierces. 15V4c; do.
do. do. In tubs, lS'.jc.
REFINED SUGARS
The market was dull and weak. Refiner;' list
prices. Bxtra fine Kranulated. 7c; powdered.
7.10c confectioners' A. O.UOc; soft erades, d.23
mM"' DAIRY PRODUCTS
RUTTER Receipts were light and the mar
ket ruled tlrm and lc hlKher. with demand
fairly actle. Quotations: Western solid-packed
creamery, fancy specials. Sites extra. afWrfjc,
extra tlrsts. siCMUc; firsts. 3J32Mr; sec
onds. 31G31HC nearby prints, fancy, 37o; do.
averoEB extra. SaOSilo; do. firsts, 333lo; sec
ondi. 3l032c; Jobblns sales of fancy prints.
KGUS Thera was a nood outlet, for tho Urn
ited receipts- of flna fresh eegs and prices wero
30o. per case higher. Quotations: In free cases,
nearby extra. 35c. per doz ; nearby firsts, $ i.l
per standard case; nearby current receipts. Jli.bO
per case; western, extras, 33c. per doz; western
extra firsts, $!).!)0 per case; do. firsts. $U,30O
O.tlO per case; fancy selected candled fresh eses
were Jobblns at S'Jfflllc. per doz.
CHBKSK Trade was fair and the market
ruled firm under light offerings. Quotations:
hlK .ft'do. 'fUl!r Cto';smdd.'aini81b?ci dTr!
skW 10Ola p0ULTRY
LIVE Tha market ruled firm under, light
offerings and a fairly, actl demand. Quota,
tlons: Fowls, os to quality, lUllc; roosters. 14
M15c; spring- chickens, according to .quality,
weighing- lsi02 lbs. and over aplegs. !!304c;
spring chickens, smaller sixes, 10O2c; white
Leghorns? accordlnK to luallty.' lStiTsio; ducks,
as to slie and Quality. 15lTc: pigeons, old, per
pair. ji(C2a; do. young, per pair, l22c.
DRESSEP Receipts of fine deslrable-slzed
stock wera light and tha market ruled firm un
der a fair demand. Quotations; Fresh-killed,
dry-packed fols. 12 to bo, dry-picked, fancy
selected. 23ic; do, weighing 4Vs MS lbs. apiece,
a3c: do. weighing 4 lbs. apiece, 23c: do. weigh
In? 3H lbs. apiece, 22c; do. weighing 3 lbs,
apiece, 2u62!c, Fowls. In bbls.. Ice-packed,
fancy, dry-picked. Northern Indiana and Illi
nois, weighing 4 OS lbs. apiece. 22 Jjcj do south
ern Indiana and Illinois, welshing ,405 lbs.
apiece, 22c; smaller sizes. 10&21& Old roosters,
dry-picked. Itic. brolliagichlckens. Illinois, large,
252tic: do. Indiana, large. 2423c: do. small
sizes. 22&23C. Urollers, Jersey, fancy. 30032c;
do. other nearby, welshing 114 412 lbs. apiece,
28030c; da, do, smaller sizes. 2UP27c. Ducks,
nearby, spring, luff 20c. Suabs, per doz. .
White, weighing 1112 lbs. per doz.. I3.30G
3.73; do. do. weighing 11010 lbs. per doz.. Jl.liO
S.23: do. do. weighing H lbs. per doz., S3.73(j)
4.10; do do. weighing 7 lbs. Per dot., (3.230
3. 110; do. do. weUblng 0Uh lbs. per doz.. 2.30
2 73; dark, $ 2.23 2.T3; small and No. 2, 60c
0$1.23.
FRESH FRUITS
Choice stock was In fair request and generally
steady under moderata offerings. Quotations;
Apples, Virginia and West Virginia, per bbl.
Wealthy. $3B3.30. Riush. $33 agrsmokehouso,
$363.30: fair to good. $3S2 30. Apples. Dela
ware and Man-land, .per hamper Fancy. $ltt,
1.23: fair to good, 33073c. Lemons, per box,
$(I6T. rineanples. per crate. Florida. $102.
t-eacnea, yifiii. v ...c,i.., i.,ww
2- Utile. $1 3002; Carmen, J1O1.00; Mountain
Rose, tl 2301 73. Pears, North Carolina, per
bbl.. 1393.
urum, .,u,
orth Carolina. Delawara.
per era
per car,
per crate. 11 VSwl-30. Watermelons, southern.
, jiuvw.
23.
VEGETABLES
Potatoes sold fairly and ruled firm. Onions
nero dull and weak to sell. Quotation: Whits
Sotatoes, per bbl.- No, 1 Eastern Shore, $2,300
; No 2 Eastern Shore. $101 23. No. 1 Norfolk,
1.5Ol. No. S Norfolk, $11 25. Whit potat
tc4s. Jersey per basket. O30T3c Sweet pota
toes Eastern Shore, per bbL No. 1. tl 73l2.
No S. $1 Onions. Pennsylvania, par hamper,
tiei IS: do. do, per l0-lb.tba, J2S5.aU;
dS. Washington. r .WV1 1202,251 da,
Vlrsints, Wt casket, HOI.S3.
Sales in Philadelphia
Net
. High. Low. Close, chre.
io Allls Clial. 2S& 23?6 23
10 Am C&Kdy 62yt 62 V 0214 W
10 Bald loco 78 1 7R 1
SOS Buff AS to R0V4 40'4 80 V4
41S Klec Stor no os obta M,
300 Krla ..... 30(i 30 30 V
820 Gen Asph, 28 27$4 28 1
30 do pref, 00 00 09
100 Int M JIttr 43 43 43 . 1...
100 Ins Co N A 20J6 20V4 20
25 Kcnne Cop 48ft 48 48H -- if,
233 Lako S Cor 10 10V4 10
101 Loll Vol . . 78 78 78
300 Mo rnclfle 3J4 34 ZA ......
BIO Pcnna 11 It BS7i BV4 f,r,Vt
10 I'hlla Co . 30-r 30 30 --
00 Phlla EIcc 28 UV 28 .....
23 PUT.... 10 10 111 V
130 do tr ctfs 20 10 10 .....
33 Phlla Trae 79 78V4 10
240 Heading ..103', 102W 103a', li't
BOO Tenn Cop. 2SV iRV 88 W -Hli
ISO Ton Bel... tVi 4V 4 1-10
23 Union Trno 4iJi 41 44iJi
4no U S Steel c nov f- now 3
7880 do .... 07 03 00 9i
Ex dividend.
IIONHS. Net
High. Low. Close, chue.
$1200 A G&E Bs 1)0 03 00 3
8000 KI&P Tr 4s BOW SOVi 80 Vi
4000 Kills El GM.107 107 107
7000 Int Hys 4a 87 B7 B7 Vt
1000 K T 1st Bs 07 07 07
2000 LehVcons
48 2003 00 00 00
60 N PCo4-Cs 70 10 70
iooo Pa C3 4.4s.ioiyi loinj loia',
43200 Phlla El 4s 84 81 84
1BB0O do 5s... 1041', lop, 104V'i
4000 Itenil T Bs,lll 111 111
2000 Un It tc4s 70 10 70 1
Decrease. -f-Increaso.
CURB GETS STRONG
AFTER STARTING BU3
Changes Follow Exchange Trend
Are Generally Small and
Without Importance
NEW YORK, Aug. 31. Tho market on
tho Broad street Curb followed tho course of
trading on tho Now York Stock Exchange
closely. A weak tono prevailed In tho llrHt
hour, when many stocks sustained severe
losses. But beforo midday tho market tono
suddenly changed and recoveries were In
order. Tho net changes for tho day, how
over. In tho majority of Issues wcro small
and without Importance.
Drlggs-Scabury continued tho weakest
feature because of tho passing of tho divi
dend on Tuesday and dropped from 7S to
65. Mldvnlo Steel, after Welling nt Clsi,
rallied to C2 and Aetna Explosives, which
declined from 11 14 to 10?i, roso to UU
within the next few minutes.
Zinc Concentrating continued In good de
mand, with sales of 4 and 4H, nnd Sub
marine was also ilrm, selling nt 33 Vi and
334, In tho oil stocks there wero irregular
changes. Metropolitan Petroleum sold nt
13 and Sinclair Oil opened at 40 and then
declined to 39 ',.
Tho motor stocks wero Irregular, Chev
rolet yielding from IDS to 18G4 and then
recovering this loss. Peerless sold nt 23H
nnd 23. nnd White Motor declined from
B3 to 52 V4. United Motors roso from 57
to 57 -i.
Tho mining stocks wero generally quiet.
British notes sold ot 99 and 98, and
Russian notes sold at 101.
INDUSTRIALS.
rid.
Aetna Hxplolves 11 U
Am llrlt .Mfc 12
Am Marconi 7S
Asked.
11
20
3K
nn
75
111.1
.11)
118
II)
:m
28
1H
Canadian Car Co
,-, rnf Jtr v.ltf nrpf .....
......... '.
Chevrolet Motors 18d
Curtlss Aeroplane -
Driges-Senl) b;
Kmerson Phonograph OV4
Haskell & Ilarkcr Car 3,
Itcndeo Mfir -,,
Kathodlon Uronza prcf ir.ft
Tnvlm IfonlHnna .. . ll
Gi.
Manhattan Trans 11:10 1. ?-).'
Midvale Steel
Otis Klevntor
Peerless Motors
Poole Knc
H 8 Kresge w 1
Stnnd Motors
Hubmnrlno
Htromben? Motors
Stutz Motors .....,
Triangle Film
United Prnflt Sharing
U b Ii 6 II com
do pref
Whltn Motors
(12'i
or,
23
S3
"JA
33
42
01V4
?
B2H
2Vs
113
24
U3
12
33i
43
0.1'i
A
World mm
STANDARD OIL, STOCKS.
Illinois 174
Ohio 22S
Prairie Plpo -I-
H O California ;7j
S O Nw Jersey B2
S O New York 211
OTHER Oil. STOCKS.
Cosden Oil Jl'4
Cosden Co
International Petroleum JJ)
Houston OH 13
Midwest ItcOnlns HI)
sapulpa llenntni; , lu
MINING STOCKS.
17T
10
Jll
i!7T
M'S
213
11J1
14H
IOVj
13
02
b'.i
Atlanta -.;,:
llutto Copper and Zinc .
llutta N V
C'erro da l'asco
First Natioml
Florence Goldfleld
Goldncld Merger
llecla Mlnlns
Howe Sound
Jim Butler
Jumbo Extension
McKlnley-Darrash .....
Magma Copper
Mines Co of America ...
Npi9slnz
San Toy
Ht Joseph I-ad
West Hnd Consolidated
10
l8
34
an
SI
7
Sh
63
4H
31)
15
2ii
13
i;
77
I
11
1?I
30
4U
DH
I)
.
4?
E1
r,i
GO
in?;
61)
7
White Oaks
BONDS.
Cerro de Pasco 0s ,
MlrivnlM Tim ................
.111
113
U5H
I) I)
luiH
imj
.in.k -.- trnlL
Il.l.lS'l ua .......................vim
Russian UVis 1U1V
Bank of France Gains Gold
TAIUS, Aug. 31. The weekly statement
of the Bank of Franco shows gold Increased
4.G47.00O francs; silver decereased 717,000
francs.
LIVE STOCK QUOTATIONS
CHICAGO. Auff. 31. HOGS Receipts. 23.000,
Market 10iH2Uc higher. Mixed and butchers'.
I1O.4U011.45: good heavy.
10.4USPll.-ia; kooii neavy, jiu.uiibjiii.hu; rougn
heavy. Jlo.3U0lO.bO: light. Slot
jio.auiiiiu.tiii: nsnr. jiu uotfii.o; visa.
IS.nsww uu: iiuik. iiu.uuioiii.yj.
CATTliK Receipts. 7000. Market
lluiu,, ITlTdll.SX, mwa and helfi-ra
strong;.
O ui); stockers and feeders. 15 23 43 7,73;
Texans,
zu &ut)iH 4u; raives. iu.ioiori..
SHEEP Receipts, 17,0(10. Market strong.
Native and western, 11.3007.75; lambs, zs,23t?
10,83.
RAILROAD EARNINGS
CHICAGO. ST,
PAIH,. MINNEAPOLIS
OMAHA.
AND
19 111.
St.MKl.hll
,,., aort.1177
..... t3 535
YrXikoi's "central,.
Increase.
t2i)tl,I-Jil
142,145
1W.7UJ
10(13, nca
491.301
Julv gross.
Net ...,,
Surplus ...
July gross , 15,8 r.',4i) J
Net 1.022.C01
ATLANTIC COAST LINE.
July gross ,.,w, ...... 12.607.180
Net ,....,,.,....... 433,781
BALTIMORE! AND OHIO.
July operating reenue.tn,l53,0ll
Net operating revenue 3,057,04!)
1420,703
222,231
ll.4S3.int
10.13?
.
SHIPWRECKED on an uncharted island,
Iris Deane found herself alone with
Robert Jenks, steward of the steamship "Sir
dar" the daughter of a baronet'and a "man of
the people" alone together on a desert island
in the China seas. That is the situation from
which Louis Tracy has evolved a wonderful
romance. It commences in '
SATURDAY'S
lEu enfng tmMh Wrftger
1910.
STBfiL TRADE ABOtJT UNCHANGED; '
HEAVY TONNAGE OF RAILS WANTEp
I, - , 'it
Almost Impossible lo Supply the Demand Large Demand
for Tin Plate Trading on Small Scale on Phila
delphia Stock Exchange
Conditions In the steel trade remain much
the same as in recent weeks, bookings by
various companies being considerably larg
er. This Is not duo to any particular In
crease In a given line, but is made up ot
nil sorts of miscellaneous tonnage. A heavy
tonnage of rails Is wanted In this country,
but Interests identified with tho trado say
that It Is almost Impossible to supply this
demand. There Is also an urgent request
for car materials, as a result of tho car
shortage all over tho country, but to date
thcro has been no change In prices, bars
now being quoted nt J2.60 per 100 pounds,
shapes $2.70, and plates 3,
Thero has been nn unusually heavy de
mand for tin plate. Shipbuilding materials
aro being actively purchased, orders hav
ing been placed during tho last few days
for tho bulldjng of three boats on the Pa
cific coast. Cramp Shipbuilding Company has
taken an order for two bo:.:s for delivery
In tho third quarter of 1017. It Is stated
that owing to tho unusual activity In the
steel trades, ns well as In the shipbuilding
Industry, thero Is no shipbuilding material
available until tho third quarter of 1917.
It Is reported thnt a number or otner biiip
bulldlng concerns have recently taken orders
for boats, the Baltimore Drydock and Ihlp
building Capital receiving one for two Nor
wegian vessels.
The Bethlehem Steel Corporation has pur
chased nbout 40.000 tons of shipbuilding
material recently foi use nt Sparrows
FOREIGN EXCHANGE
JCnW YOItK, Aug. 31. The market for
foreign exchange in tho first hour of busi
ness today was, In tho main, dill but
steady. An exception was an easier turn
in Scandinavian kroner. Francs, In which
thcro has been recent selling, steadied.
Scandinavian kroner declined to 28.60 for
cables nnd 28.40 for checks, Thero was
very little of interest. Dealings In relchs
marks and rubles wero rather nominal.
Thero wcro Indications of selling of rubles
on the last fractional advance nbovo 34.
Quotations were: Demand storting
4.75, cables 4.70 7-16! franc cables
6.S8?i, checks 5. 89 '.4; relchsmarks cables
70, checks 71. Thero wcro unconfirmed
reports of sales of cables Under tho above
figure. Italian exchange was quiet at
C.47U for cables and C48 for checks. As
against nominal high figures yesterday of
344iT34.G0 for rubles, tho market was
'quoted this morning at 33U334. Other
quotations were: Vienna caoics 12.20,
checks 12.18 ; pesetas, 20.25 for cables and
checks 20.17 ; guilder cables 41 3-10, checks
41tf.
In the early afternoon tho market was
very dull. Rubles wero reported offered
nt 33U Relchsmarks wcro nominal at
70',j). tho low point of rocord, established
on Wednesday. Sterling held steady at
4.75 11-10 for demand and 4.70 7-16 for
cables. Francs wcro slightly easier at
5.80 Vi for cables and 6.89 for checks.
RATES FOR MONEY
Call... Tim.
New Tnrk z HUM,
l'hllnttelpma 4
lloaton S
f-hlnffn . nUCll
uomercini paper, mrco 10 six moams, x-nua
delphla. 41i (iHVi per cent.
BANK CLEARINGS
Bank clearlns today compared with corre
sponding day last two years'
1010. mis. v 1011.
Phlladelphla.JSO, 335.1)03 3B,(i!),732 $23,BD4.02
Itoston ..... Ul.ML'.aBU 4,803.41)2 18,843,0!)
New York . .414,21)4,11)1! BC3. 214,033 172,733,118
Sugar Futures Advance
NEW YORK, Aug. 31. Tho sugar fu.
tures opened with a rush today and cover
ing by Wall street and local Interests sent
prices 11 to 35 points higher on tho call,
with trading very active. Tho advance
uaa due to strength In spot sugar de
veloped at tho closo last night, with a well
defined buying interest shown by refiners
and operators. Sales on tho call' wero
12,500 tons.
DIVIDENDS DECLARED
Standard Oil Company of Kentucky, rejrular
quarterly of 4 a share ana nn extra ot tl a
share, payablo October 2; books close September
13 nnd re-open October 3
rettlbcne-Millllten Company, regular
tprlv nf 191 ner cent nn the first and
quar-
preferred stocks, payable October 1
ma secona
to holders
ut recorn nepiemoer -v.
International Salt, quarterly of 1 per cent,
payable October 1. Books closo September IB,
reopen October 2.
Edward B.Smith &. Go
ESTlBUsnio 1802.
BANKERS
liemlcr) New York and Philadelphia
Stock Exchange!
1411 CnuTNDT Stkxtt, Fmunrtniu
30 Pine Stsiet. Nbv Yens
INVEST IN MORTGAGES
AT 5.4
Recommended bj
BEN T. WELCH
1323 Chestnut St.
Frazier 6- Gx
INVESTMENT BANKERS
Broad ond Sansom Sts.
D1UECTORY OP ACCOUNTANTS
Certified 1'uMlc Accountant
UAAVltUNCB H. BllOWN 4 CO.
1015 RVU EfaTATfi TRUST DUILDINO.
"THE WINfeSl
OF THE
ivrri?MT
"sJ. JtJLJ. Jt
1 Tfffir T"jp - - iTE&H - rarr !
fr ,.,. . -1 - wrTiiiiijjLi Ji ' ' ' - Ill '"Hik uijiiMi 11 unpinr.
11 1 in irniiii iiiir'irTijj""ajiitLiL-iLJ"3lffl mn " iiniiiirwiniTiiini umlnn iniri mi TiTiTflTnii ipf4 "h.ihT
y
t&k
Point nnd other yards, whllo the Chester
Shipbuilding Company Is In the market to-e
plates. The Southern Itallway Company
last week purchased 26,000 tons of rails nnd
the Cuba Railway 6000 tons for delivery
nbout n year from now.
Prance lias been a heavy purchaser of
railroad materials recently, taking cars and
rails, eta, and a few days aeo an order
Was taken for 20,000 tons of axles. It U
estimated that mdre than 100,000 tonsl ot
rails havo been bought in tho United States
by that country. Great Britain has ptir-
chased 60,000 tons and deliveries are noyr
going forward. The wlro business Is very
good. It Is estimated that orders now
on books for agricultural business run nt
least 100,000 tons.
Price changes were few In the trading
on the Philadelphia Stock Exchange during
the morning cession today. There were
two weak Issues Elcctrio Storage Battery
and General Asphalt common the former
selling off a full point, whllo the latter de
clined 1U before noon. There was no
news to account for tho weakness In tho
two Issues. Later In the day Storage re
covered the loss.
TJIsewhere In the list the changes were
small, and were divided between advances
nnd declines. Philadelphia Electric lost il
fraction, whllo Philadelphia Rapid Transit
trust certificates gained slightly. Trading
was a trifle moro actlvo In the afternoon.
United Hallways gold 4b sold off 1 to 70.
American Gas and Electric Cs roso 2 to 06.
LOCAL MINING STOCKS
TONOPAH STOCKS. .
Sid. Asked,
.Tim Butler 84 .80
MarNamar OR ,00
Midway IS .2(1
Mlspali Ext 10 .20
Mantana ,.,, ,,,, .2.1 ,20
Nor Star .14 .IS
Tonopah Belmont 4ft 4U
Tonopah Kxt BH ' nji
Tonopah .Mining ,., ttV, DS
Itoscur Rula ,... 22 ,23
West End 70 .81
OOMJFIELD STOCKS.
Atlanta 10 .111
Illuo Dull 02 .03
Iloolll ,1S .14
Uulldocr 01 ,oi!
C. O. D 03 .01
Comb Frnc 03 .Oil
Dlamt 1). II 02 ,03
Daisy 0-2 .04
Florence R5 ,0I(
Uolflf Con , , SO .82
Goldt Mere ....; OH .in
Jumbo Ext v .30 .Mi
Kewanas 10 ,11
Oro ot .0.1
Sand Ken ,03 .0(1
Silver rick 17 .IS
MISCELLANEOUS.
Ariz United ,. .4.1 ,B0
Nev lllll .18 .Si)
Nev Wrier 2.10 2.1.1
Tccopa Min 10 .12
Money and Discount at London
LONDON, Aug. 31. Money on call was
iV per cent today, unchanged. Tho rate
ot discount In tho open, market for 'tioit T
and three months' bills was 5 5 per
cent today, unchanged.
J3.A,
o sdtiri rr Qcmnrn
-.V-ir WJ-SUI VJJL.1. IVli
SECURITIES'
The dependence of Municipalities an
Public Service Corporations is tn:
strength., or their securities.
When efficiently managed and locate j
in thriving communities, their growt'i
is in proportion to the growth oi the
section that they serve.
In consequence, as there is usually little
or no competition, and as output is
stable, the element or risk is reduced to
a minimum in the purchase or high
class securities of that class.
"tyc specialize in high-class public serv
ice securities, and have several that
we unqualifiedly recommend, yielding
from 4'& to 6 per cent.
Send for detailed description.
Barken Ayliig &rbiig
Land Title BlcT . Philadelphia.
wXKINS, MORRIS & CO.
BANKERS
Lahd Title Building
Philadelphia
High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and
Puolic Utility Bonds
NEW YORK AUJi rillLAnUU'HLl
STOCK EXCHANGES
BONDS
Carefully selected securities, of
proved merit
Send for Circular.
MELLOR & PETRY
336 COMMERCIAL TRUST BUDO.
16 SOUTH DROAD STREET
f;
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