.
T
EVENING LEDGBR-PHILUDELlHIA, THUKSDAY, SEPTEMBER 7. 1916.
FINANCIAL NEWS
TRADING ACTIVE IN WALL STREET;
BUYING MOVEMENT WELL SUSTAINED
Interest Switches to New Issues, Many Specialties Being
Strong Coppers Forced Into Prominence Rail
road Stocks in Better Demand
High Points in Today's Financial News
New York ttock market strong and active, mott butintst being done
m Reading, Cotton and grain pricti loiver. Foreign exchange market dull.
Price of bar tilver lower in Ntw York and London. Dank of England
reported decreaee in bullion for week. Canada Sttamthtp Company paid
1 3-i per cent on back preferred dividend!.
NEW YQIUC, Sept. 7.
Trading In the stock market today was extremely nctlvo, with tho buying
movement generally welt sustained, but bullish speculative Interest wan diverted
from the stock, which had already made violent advances to new Issues.
United 8tatcs Steel common and the Marine stocks reflected a halt In accumula
tion and reacted during tho day, with Marine preferred, after selling at 121U,
dropping to 11 8H. United States 8teet common ranged around 100, and Marine
common sold down to 4?H. followed by a rally of 1 point. Heading became the
most prominent feature, moving up 4H points to 110, the highest price since It
made Its record of 110 last May, but lost part of this gain In the last jialf of the
day,
Tho copper stocks were forced Intb prominence by concentrated buying In
the afternoon, when Inspiration advanced to abovo 60, showing a gain of more
than 2 points, and American Smsltlng moved up to abovo 103, against 101H at
the cIobo yesterday. Many specialties were active and strong. International Pnpr
crossed 20, showing a gain of more than 3 points, and Pacific Mall roeo to 80S.
a gain of more than 4 points.
The railroad stocks were In better demand than at any time for weeks, and
advances ranging from fractions to abovo 1 point were made In nearly 'all thoso
Issues. It was a matter of comment on the floor that stocks had been sold by
Important Interests In large blocks, but new buyers were numerous, and although
they were not disposed to acquire stock already established at high levels, they
furnished the market with these Issues on moderate reactions.
Sellers of the market leaders turned their attention to other Issues at once
and many operators, after realizing profits on Marines and United States Stool
common, were buyers of the copper stocks and other Issues. The market tone,
In spite of the recessions noted, showed no abatement of strength, nnd outside of
the professional element on the floor the sentiment at the end of tho day was
extremely bullish.
COTTON PRICES DROP
ON HEAVY SELLING
Southern Interests Liquidate
Near Months and Buy Dis
tant Positions
COTTON nr.LT WKATI1KK CONDITION.
NEW YORK. Sot. 7. The UHowlnr
tmpermturs wer reoriMfl In the ration
Wit till mornlficr Aahrftlla. All Chatta-
Eowb. 70 1 MaihTlltc, lllrmlnsbnni. Okla
om Cltr and Ban Antonio. 72! Kbravt
iwirt, Yltk.bnrs, SlrrMlaa. Itaron. Knll
Tllle ana RaltUh. 74i Jlsntcomrrr. Vn
rela. ilcrapbU. Little Betk. fart nUb,
IriUo. Aasitata, Atlanta. TBomaaTllle an
Wllmlnston. 16s Jackaantlll. Tampa. Ha
annh. Corpus Chrlatl and Mobil. 78
GalTrelea. New OrUan. and C'fcarlritan. SO.
There ara .01 Inrh ol precipitation at
New Orlee.ni, .10 at tlalvcilen, .It at Mer
IdUn and .18 at Tampa.
NEW TOnK, Sept. 7. At the start this
morning the cotton market was barely
steady, January showlnr a decline of three
points, -vrlth other months seven points
lower. Spot houses and southern Interests
sold the near months, but purchased the
distant positions.
There was some buying for uptown ac
count, while commission houses and Walt
street sold. Liverpool was a buyer In this
market for all options after December.
After the call prices held steady with the
exception of January, which dropped Ave
points, making the changes more uniform.
There was enough to cause occasional
slight rallies during the first hour, but the
undertone of the market was extremely
nervous.
There was further local pressure, as well
as Wall street and commission house liqui
dation, while stop orders were uncovered
en the declines of about 24 to S7 points
from last night's closing figures. This mace
a break of over lc a pound from the high
records of last Week on more active posi
tions and there was trade buying on a
scale down.
Covering caused a break around 15.37
for December of about 110 points under
the high level of last Friday.
Reports that farmers In parts of Georgia,
Alabama and Texas were beginning to hold
back cotton on account of the decline may
have had some Influence, and there was
some trade buying on a scale down.
The feature most mentioned around the
ring, however, was the extent of the break
and the probability of reactions, and trad
ing waa quiet on rallies of S or 9 points
from the lowest around midday.
There waa no rain In the cotton-growing
sections, although cloudy conditions pre
vailed In Oklahoma and Texas. In other
States It was generally clear.
Tee. Cloa. Open. 11 a.m.
8
Be
lobar ..
ecember
January
Keren
liar
July
spot .......
........
IR.CS
is. is
in. so
ie.
ld.Ort
16.80
1S.42
io.sii
15.HH
14.70
IB. SB
115.81
M.4T
1.1 IIS
lB.ltT
1&.8S
! P.m.
"ft. 4 5
'n.63
ln.87
lil.KS
18.117
Liverpool Cotton
LIVERPOQ Sept. If Spot cotton to
day was easy at a decline of IS points, on
the basis of f.4d for mid-upland. The sales
aggregated S00O bales. Including 7000 bales
American. The imports were 3000 bales,
all American. The market for futures
closed barely steady at a net decline of 119
14 points.
Cotton Buyers and Sellers
NEW YORK, Sept. T. OctoDer W
Cumoena. Cardoza, Hooper, Hountree, C.
Micks and Walters bought; Brooks, derail.
Nordsn. McEnany and T. Sledenberg sold.
December McBnany. Montgomery, New
mas, Rosenberg end Martin bought; Hop
kiss. Norden. Jay, Kelffer, Brooks, II. Hub
bard, and Mitchell sold.
January litntx. Mitchell, Munds, W.
Oumoena, Rountree, niordan, Newman,
McHaany and O'Connor bought; Urvts.
Downs, Lehman, Kimball, Freeman and
EchlcTer sold.
March Montgomery, Cassard, Rosen
berg, 'Wilson and Hartcorn bought : Norden.
Hpaklas. Risen, Burnett, McEnany and
Smith sold.
May Kltnn. and Bcholl bought; Qeer,
Wllen. McEnany and Morrison sold.
July Hhi and Kelffer bought; Jtoyce
and Hees eeW.
DIVIDENDS
Csbr
e,.M.Me Oeu
iitJXXr
DECLARED
Coawanr, Initial of
red beaettcUl cerllA-
) otsee eaflam.
ractuar Quarterly
. Of- J i w waiewad Mask.
raavra aWfctaasbar Ja.
" feaweer OO Cwawar. raster mtmUtlr 1
J ffiSslSlls 'T!ueeed
m Ut&0W at tW Jfct44 Oaf f4BSeTB
bMahSw
xSFSli
MSBIS ftaSB ar raa ija ayiaji.
IjEXCalSaM Caaaaaar.
aesaWma af IW r eeal.
CURB ISSUES STRONG;
SUPPLY IS LACKING
Stutz Motor Attracts Most At
tention, Reaching New High
Record Trading Active
NEW YORK, Sept. 7. The IJroad Street
Curb developed a strong tone with active
trading In many Issues during the day.
Stocks were In ncant supply nnd advances
were easily effected In many Issues.
Most nttenton was devoted to Stuts
Motor, which rose to the new high record
of 70 U, with the buying based partly on
Information that application will be made
to list the stofck on the Stock Exchange.
There was active trading In Aetna Explo
sives, wh ch ranged from 11 to 12U.
Mldvale Steel was strong for a time, ad
vancing to 4W, but had a quick reaction
to 63. A new pool Is Bald to be at work In
Submarine, which advanced from 37 H to
37W.
United Motors showed a strong tone,
moving up from 604 to 61, and Chevrolet
sold at 198 and 200.
The Independent oil stocks followed the
lead of tho Standard Oil Issues, with Cosden
& Co. advancing 15 to 16 H. Sinclair
rose from 39 to 39 and Oklahoma Pro
ducing sold at 6i,
It was announced by the officers of the
Metropolitan Tetroleum Corporation that
a contract had been negotiated for the drill
ing of a new well on property adjacent to
the famous well known as Juan Caslano
No. 7.
Mining stocks were generally strong, with
United States Verde Extension selling at
38?; to 39&. Magma advanced from 164
to 17.
INDUSTRIALS
Hid. AlkrA.
. ll'
. 12
. 41)
. 70
. 1H
. to
. 70,
. ',
:S
: lh
! naC
. s
. 2SH
nu
Aetna Einloalvts
Am-Ilrlt Mfe
Am Marconi
Canadian Car Co
Can Car a Fdr Pfd .
Chevrolet Motore
Curtlaa Aeroplane
Prlfga.Seaburr
tmrton Phonograph . .
Ilaaktll Barker Car
Hendee Mfr ...
Kathodlnn Bronze pfd ,.
Maxim Munitions
Manhattan Tr&na .-..
Mldvale Steel ...,
Otis Elevator
Peerkae Motors
Poole Kns
S 8 Krease w I
ntand Motors ,...,
Ktutx Mntore
Strombera Motors
HUDmarme . ..
Trlanale Film
United Motors 01.
United Profit Eharlnc
U H I, and It com ...
drt TiM
Whlta Mnlnra KS
World Kllm ...
STANDARD OIL 8TOCK8
Illinois ,....,....178
Ohio , . 23f
Prairie Pipe .,...'.'
8 O Cal 277
8 O N J ..,...22
8 O J X
1 '1H
es
.' flHli
JJS
OTHER OIL STOCKS
Coaden Oil ....,.- 11
Inter Petroleum , , ,. 1"
1louton Oil 13
Mldwaat Reflnlns ,.., 62
tiapulpa Reflnlns SW
M1NINO STOCKS
Atlanta J
Butte Copper nd Zlnc a.,
Ilutte N V ...,..i.. 14
Cerro d Paaeo ,,.,,, ,,. 33
Plrat National ,..,.... 4
Florence Ooldntld ...... 4n
Ooldfleld Merser .7.
Hxla Mlnlos
llowe Sound
Jim Duller
Jumbo Eitenalon
cKinier-usrrasn
12
20
HO
7
202
25
24
vi'i
43
BBS
178
241
240
878
r..'
22 3
iV4
10
64
8K
'b
86
4Vi
62
B
,.,.,,
.4 1S-16 S !!
s
ss
IS
AS
Itasma Copper ,.,., . ltta4
Mlnra Co of America 2J
Nlplsflns ., 7H
sen Tor ,.,.. .,,,,.,,,
8t Joaeph Laad ,,
Wett Knd Conatlldatad . ,
While Oaks , ',.......,
BONDS
Cerro de Pasco 6a
Xtldrals Be
Iirltlah t
Ituastan BHe
11
1.
. OH
.110
113
S4
87
40
60
7
113 .
3
. .88 11.18 US
.,100H 100K
LOCAL MINING STOCKS
TONOPAU STOCKS
Jim Uutler
ttacNamara
Midway
MUpah Kitan.lon
Did.
,s
Asked.
,s
anltnm, .
orlhern star
Tonopah Ilelmont , 4U
Tonopata Kxtenalon 6
I OOOPftn Hiuut .....,,...,(.. VTm
:
Raacue Kula
West end
OOLDFIKLD STOCKS
Atlanta. ...
Blue jsuu
loota
.. ., , ,
la. ,,.
,,,,,.
Boot
WlldojC
Combinatjoh fraction
DlamonaneUI B
Daley ...,, ,i
Florence ... .
UeMSeld CenaollOated
floidlieM Ktrtt ......
InmlA 1i!fnalon . . . . .
kewca' ' -1"
fe1UWm'KVaVir'. '''' '.04
WlK h ,., ,17
:
,JJ
.0
,u
:o?
.117
.42
m
:!.
aauUr aaatlerir
MtaM OWW ir
1 reouit.' xrliisir M.
Taae C'naaixay. raatular auertarw M
j-ftLAn tnOLyf ssr,&&
Mtw Imk U$v FriMr,
53
T
M
aPS1"
MISCELLANEOUS
Unlttd r4f
Bn ,,,,,- ,,4, ,,,,,,. is
raader .ik-,M ,'-i)!
CtHemweU. Triwt City DepMlterr
Myr ttaetk today signed the ordlnanee
uhd4 in July dealgnatHif th CtMiere4l
Truet OaABaar a (tepaKty te held aetlv
laasstilT 9t tlte City Treaawrar. The other
fer active deexxjlorlea are the. Third Na
tsMuU. PraakUa KaUonal and the Market
BAR SILVKIt
Mr aiivar hi XsXsti t4y w mU
VIM. est t-tM.
hantsd
I a I
New York Stock Sates )
I J at clone. Ills. Low.
Aotmi tiprr.. .... 135 137 13'
14
03 I.
13 '
2ii
17H
90
63H
Adr Komely
AJt Robber,. k
AImis (Joid U
Aiiu-ciui Mr
AlllJ-Chil Mff pf......
Am At Chemk-al
An Ilett Bujtr
An Csa, ,,,.",,,,,,,, ,,
An Cir A Fdr, , 03)4
An Cotton Oil t2H
Am Hide A Leilbet..,. luJf
Am Hide A L pf MM
Am Ice Securities 2
An Linseed..,.., , 22K
An LlDreed pi.,. , . t
Am Locomotlre .., 7aif
An Locomotlre pr
An smelt net
It 14
H3 03
14X 13
74 24
70M 78U
78i 77)t
W2 W)
C4 C3)4
(OH Mil
4 63
10 10
Ml 63X
2S 27K
72H 23
AMf J0V
78. 78
105H 105H 103M 103K
.101)4 1U3K 102 103X
Close.
137
14
03
Wi
24 .
78
78U
61
C3U
0371
L3H
10
WI
2t
22
COM
78
Am Smelt A nef pf 112H 113 113 113
Am Smelt pr n 85 M 83 B3
Am Sour Kenning lugtf 109W 109 109W
An Steel Ponndflei 65)1 CO 6&H W(
Am lei A Tel 13J
Am Tobacco Z20
Am Woolen 40H
Am Writing P pr 28H'
Am .Ice L Sm 3dt
Am Zinc I. A Sm pf..,, 73
Anaconda Copper 87)
Atrh Top A P 104
AtChTop A 8 Kpf IKI
AtKlu'l A W Ipf CM
All Coilt Line 112
litldula Luco Work 82)f
Halt A Ohio 8AK
Bait A Ohio pi 73 -
ueinienem steel 400
132H 1.T2X 132(
21 220i 221
40 40 40
30lf 28)$ 30H
30). 30 30H
73 73 73
88 87it' :;
104H 103K 101)1
00 00 09
O0H M 05H
112
81;
73H
4P3
112
83)1
80H
73H
487
112
82
ROli
73)1
403!
Orookln Hap Tr SSH KM S.W tali
Uurni Bros 77) 78)j ',811 78)1
Quits A Hupetlor. 08)i 63 08 08
Cal Petroleum., 21U 23) 21 22
Cal rstroleum pf 4BX 40M 4SM 49H
Canadian. Pacific 177 177i 177)1 I77H
Central Lcathtr.... A7i 08 A7H 68
Chandler Motor... 110 110H 110 110
chei a Ohio ao; mu oo) ( oi
CM Mil A St I' 03H ojv, B3( 114 H
CM Mil & Bt Ppr 125). 125J. 126)1 125H
C 0 C A Bt I. pf 82 82 81 82
Chi II I & Pacific 17M 17H 17K 17J.
.aue copper 20i
Chlno Copper 64li
Cluett Pea A Co ,. 72!(
Co Fuel A Iron 49U
Col A South lit pf .... 60
ComptT Rec Co 44'J
Continental Can.. ...... 07
Corn Producti Kef 14)1
Cora Products Ret pf... ODt
Crucible Hleel S2H
Crucible Steel pf 118
Cuba Cane Susar 66)
Cuba Cane Sutar pr.... 0M
Deere A Co pr go
Oen A Rio Or pf 32
Diamond Match :.120!i 121
Distill Sec Corp'n 40 45)i
Dome Mines 24 26
Erie 30H :7H
Erie lit pr C21 63
Erie 2d pf 42H 43 H
20)
3
73
SO'.
60
44U
00
14.
61
81 H
20i
66
73
49)1
60
44)f
60
14)
01
b3
05 H
m
33).
120)$
45)1
General Electric 171
uen Motors pr 127
Ooodrlch H K 73)
Great Northern pf 117
Q N' cfs for ore prop... 39!$
(Irecne-Cananea 48)(
Oulf States Steel 70
Illinois Central 11)1
InspCon Cop 59
Int Agricultural 12
Int Airlcultural pf 42)4
Int Harv Corp'n 78
Int Harv Corp'n pf.....0S
Int Harvester N J 1 15
Intl'aper 17J
Int 1'jper pf 78
Int .Nickel v t cfs 41)1
Int M M c ol dp 40
int M M pr or dp.. ..120
Kansas Cltr Southern.. 25
Kellj opnnt lire 84!f &3X
62).
son
18
48W
79K
279
5Ih
79)4
. 10
47
78)
278
Kennecott Copper
LUCK stee. Co
Like Erie A West.,
Leo jtubber lire....
1-eMEh Vallej?
I.ljgett A Myers...
Lonllari i' Co
Mackae Co pr
Manhat Elev gtd...,
Mneli Motors
Mu Motors lit Dt.,
Mu Motors 2d pf 60
iisn wept stores .. 01
20H
64 U
73
40
60
43'f
00
14)
91
83
118). 1181 118M
60H 63)1 65
1)5 65
00 00
33H 331"
120
45
25
30 30J1
62)1 53
421-4 43
17W i7i.'r i7ir
127)1 120)f 1271
73M 7Hf 7IJ1
UOH 117
3S 39
47Ji
77
101
68
12
41)1
70
108U 108U 108'f
mu 115 nef
19H 17 10)1
81M 77 81 1
42)1 41)1 42)1
49)1 47 47
121)1 117!( 118
4H 24H 24)1
BOH
51 f(
"0U
18
47f
7oh
279
239
67
117
39U
48)1
78
101
C0J1
12
41)1
70
47'1
78
101
60)1
12
41)1
70
230
67
81
5.'
80'f
18
48
70)f
270 d
239
07
.238
07
.128 128H 128K 12 U
. 84)1 85 84)i 85
S6!i 85)1 85h 85)1
60) 60 60
01 01 01
Mexican PeUo.BUm,;r-,,XllU,113)l 110J 1I1J1
sium (.xppt.(..f
Mo Kan & Texas..
Missouri I'adTic....
Mo i'ac tr cfi...'...
Mo l'ac w ....'....
Mo i'ac of w
35
4
3.'1
22)1
48
35)1
3K
4
m
23
48
Nat Biscuit pr 127)f 123
Nat Cloak A Suit pr. .
Ml tnam & s pr...
Nat Lead Co... ,
Ner Coa Cop
New York Central.,.,
SYK II AH
Norfolk A Western...
Northern Pacific.
36
"3)1
3U
3!t
22)1
43
128
MU
3)1
3)1
22)1
48
128
109 110)1 110)1 110)1
..65 65 65 05
... 05 64)1 64)1 04)1
.. 21)1 21b 21 21
.. 103)1 105 104' 105
.. 68)1 69)1 5814 60)1
..I27J1 120H 12811 129
109)1 II0H 109)1 11')
Pacuie Mail v!0 -30)1 27 28.
I'enn Railroad 5.W 65J1 55)f 65J1
rcopiejuajwni 102H 101M 101M lOlH
Pitts 0 cor dp 28
Pitts 0 O & 81 L 81
TresMd Steel Car Co.... 54)t
ruo berr corp'n n J..
Pnllman Co.
Quicksilver pf.
ItT btcel Sp Co
ftjj Con Copper
Readlnz
Reading 2d pf,
Republic Iron A S.
iyuww nun a o...... oot coha 00
Republlo I A 8 pr....r..ll3J, 113U 113
28)1 28) 28H
81 81 SI
65 65 55
130!f 130't 130)
165 105 105
4)1 4)1 4)1
47M 43)1 47H
25)1 25 25
10i)' 110)1 lOdii 108)1
40 47)1 40 47)1
65 J i tOU 55H 50
:!3
4)1
. 40
25
Seaboard Air Line,
bears Roe A Co
Stat Ariz Copper....
Southern Tactile
Southern Rj
Southern Ity pr
St LSouthaeitpf...
siuaebaker Co
15)1
..210
.. 29)1
.. 97)1
.. 23).
.. OS
40
113
15)1 mi 16X
211 210)1211
30
6&)'
24)1
68
37)1
30
67)1
23H
08
37)1
12414 12.114 l'A'l
Tennessee Copper 25H 25)f 25)1
Texas Co 200)1 200H 200
Texas Pacific 10M I0H 10)f
Tobacco Prodscu 4i)( Sl)( 48)1
Tobacco Prod pf 103t 105 105
Union liar A Paper 8)1 8)f b)l
Jnlon Ba A Paper pf.. 60 60)1 60
United Cigar Stores.... 101)1 101)1 101
United Fruit 107 166IC 165
Union Pacific. 138)1 140)1 138M 140)1
uuion i-acuic pi ouii HOH 80 SO
b 8 Ind Alcohol H3' 114 112H 112!i
United Rwys Int Co... 0)1 8 8 8
UU Rubber.. 58 58U 68 68)1
U b steel Corporation.. 10011 100)1 WH 09)1
118)1 118)1 118)1 118)1
B4- tH 5)1 bill
Ii
3(1
07?1
23H
08
37)1
123
25X
200)1
10)f
50H
105
8)1
60)1
101
165
US Steel Corp'n pf...
Utah CooDer
Va-Caro Chem...
Wabash, 13)1
T'abash pf A 48)1
it abash pf 11 20)1
Wells Karto Exp 124
Weil Union Tel 63)1
west k a m. ........... em
Western Martlind...... 29)1
Willri Overland. ., 45)4
Wllljs Ostrlaod pf 104
Wlscooitn Ontral,.t.,,. 60)1
WooisroiUi V W ,138
Wooiwofth F W if 125
42)1 41K
13)f 13)1
40 43H
27)1 26)1
125 125
42)1
13)1
4SH
27J1
125
06)1 63H 00).
em COM 00)1
20)1 29l( 29)(
45U 43 45lf
103)1 103)' 1(13)1
60)i 60)i 60)i
138K 138 138
121)1 121 124)1
NEW YORK COFFEE MARKET
HEW TOnK. Sept 7. The market for
coffee fu'ures opened at a decline of 1 to 4
points. Trading on the call was active, with
sales amounting to 14,2(0 bags.
Tho market for spot coffee held steady
with a fair demand and quotations un
changed, Wo No. 7 being quoted at lOo
and Hantos No. 4 at 1114c.
Todar'a
. opeaios.
feptai&Der ,,,,, ..,,
October .. .,.'.., ..11.. ,.,.
Novaftuer, .mu,.,
itfy .,.t,w...fl
raVrHanr ,.,,.....,.., .40
Mareti .,....,., .BUVt.8S O.Misu.aa
fef.::;:;;:;::;:::;:: .,. ti&hv
TbKj "- ' ,
Teat'dar's
clqea.
isla.si
S.4lt,4?
S.48B.4t
uniyiaaifjsi9Tiq
COLORADO POWER COMPANY
ft rental' aurtl divt' ( sna. and
Co.. UM 14 VftM
iriyll ass ----- ti
jmmtimxjvLAmuvtwtt,.
fbsTlBlaWBa PskataS AatktVafMataljaf
MPfaL-Tgy;-a3WBftW aapas
COVERING BALLIES
WHEAT AFTER DROP
Weakness During Most of Day
Res'ilts From Selling by
Longs nnd Shorts
OBAI.V BELT WKATIIER rOBKCAT
riMCACO, Pest. 7 The weather foreeasl
far IS be
IlllMla
IliU arte
;At!0, Pe:
benra tl
ila ana
MI.MnrlThaner
tonitnti cveier
i"'.-. -i'.-- ,-- ---.c
sriaey rair, eaaier nun.
stiaeanain veeier ana aneitir
ahenrra
lenlshli
tenlshtl
rut and
MlnneaU and Iowa ralr lanlsht and
iheners rail I IrMar fair, warmer e an
riK
fT,arJhWl"aTetra- VlTr'tanlskt, and wanner
eitrem wel tenisni, . .... V,,
Menlh Uakota ralr tenlshtl TrMar
partlr eleadj.
.Srbra.ka rlr l.alilil. eooler ejtreroe
eaai and warm eslrrme weall rrldar
parllr eleadr.
Kanaaa rarllr rlmdr tonlsht and rrl
dar 1 roler lenlslit.
CHICAGO, Bept 1, Coerlng rallied the
wheat market late In the sssslon today,
when there was svldence of an additional
demand from abroad. Firmness In the
position of the spot article also helped.
Previously there waa considerable liquida
tion and ths markot was qulto weak.
Longs that were not welt protected un
loaded generally, and there also was much
short selling. Moreover, It was believed
that additional holdings would be forced
out and that tomorrow's report by the Gov
ernment, which will be Issued at the close,
has been discounted, notwithstanding the
fact that It Is expected to confirm the most
radical reports of damage.
There was a good deal of etenlng-up
ahead of the Oorernraent's statement. lie
ports that Greek troops had Joined tho
allied forces. In connection with a state
ment by Sroomhall to ths effect that there
was sufficient tonnage In the Dlack Sea to
move 20,000,000 bushels of grain and that
the total available surplus of wheat In
Russia was estimated at 400,000,000 bushels,
had a depressing .influence.
Should the Czar's troops beat back the
Bulgarian and Turkish forces the Straits
of the Dardanelles might be reopened.
Advices from Winnipeg Indicated a less
active demand for the cash article there,
but Minneapolis reported a good Inquiry
for mlllable wheat. The action of the mar
ket at Liverpool waa disappointing, World
shipments for the week. It was though,
would be larger.
Corn also Improved after It had dropped
on more rains In the belt and reports of
free selling by large local longs. Strong
Interests bought In the final dealings. The
market at Iverpool waa also under
pressure. Consumption In the United King
dom showed a falling off, owing to excellent
pasturage.
Leadlne- futuies ransed follows:
Va
unn. iiisn.
1.S1 1.61 ,
Wheat
September. December..
iiky
ins
l.M'i
Corn (new drIUfry
9Ht
TtS
September.
vtct mier. .
ainr
data
September..
December.
May
Lard
September..
October. . . .
January. . ..
nibe .
September. .
October ...
January.. . ,
Pork
September.. October....
uecemoer.
4TS
4S
2H
1.8SS
7.1S
78
Low. Clove,
J.41
LSI
l.Mtt
8
4Ui
4V
r:
tl.MHtl..
i.ss;i.i
lM ii.
has
4S
CIOK.
nz-,
04
SS'-i
MS
7U)e
474
.Si.
14.47
14.42
14.03
Ulo. tAaked,
14 S.I
14.62
14.15
tl4.47 14. SO
14 in (14.S2
1S.12 tlO.lS
27.77 27 77
55.13 23.13
.... '14.42 M4.3.1
14.42 14.42 14.33
14.03 tl4.U7 "14. 10
14.50 14 r.n 14.A.1
14 27 14.27 14.83
J3.07 18.10 M3.13
57.03 127.05 27 75
. .'. . 27.00 27.IMI
24.70 23.00 24.80
New York Bond Sales
. sou
, VIS
1011U
etiH
13000 Amer Asr cv
auuu do ab Sa
973000 Anelo-Freneh Sa .,
82000 Amer For Sec Sa ..
1000 Amer Smelt Sec 6a
2000 Amer Tel clt 4a...
3000 Amer Thread 4s ..
3000 Ann Arhnr 4a
ffiooil Armour Co 44a .... naS
aooiK) Atchlaon sen 4s 02H
50(10 do lid J 4a .. 83 S
KOIMI do cv 4a tOoo 1044
10000 Allan Co Line clt 4e K8H
140UH Halt t Ohio Ss ...... 100S
13000 do 4 DO
4IMM) do cv Hii 114
2000 H0 1 LE4WV 4i.. SSt.
looo ii l o Hwn SHa.... uo
inon Heth steel rfd S mU
4000 Ilrookn Vn Elv lat Sa.inl
8nou Can Uot Ss 11(21... H(H4
booo do l2 ..,...r... va
1500(1 do 1V31 ......I .. U0i
1000 Cal Gaa a Rleo Ss... W8.
kooo Chea Ohio cv 44 a.. R4I
SO00 do 44s MlH
14000 do conv Sa 92S
isooo Chi n Q iplnt 4... 7H
3000 Ch M a Bt P rfd 44 s 02 H
19000 do cv 44a 100H
12000 do sen 44a 1014
45000 CM Mil a I S 4s.... DOS
IHHIHH) CM It I A P Sa 65Vi
S1000 do Sa ct one ala... St
10U0 Chic Hwy Sa 0'i
1O0O Col Industrial Sa ... 77S
8000 Col A South lat 4a. ,, 01 'I
anno col a South 44a sss
42000 Chi Un 8ta 44a .... 0H
looo Den nio Or rfd Sa . iih
1000 Detroit Kdlaon lat 51.1034
1000 Pla Secur Corp Sa ,. 73
2000 Krie conv 4a fler I).. M
soon Oreat Falla Pr Sa. ..loott
1000 Hud A Man rfd Si.. 704
S000 111 Steel dab 44s ... B14
SIKH) Iowa Central Sa , 804
.louoo III Cent rfd 4a hmH
8000 Interb Met 44 s 73
16000 Interb 11 T rtf Sa,. . vn
eoooo Inter Jler Mar ct 44 a. loo
1B9000 do w I Sa B7S
1000 Inteml Paper ,... .lots
2000 Leka Steel Ss 1823,. S
2000 do Sa 1050 ........ 1)44
21000 Lk Bh, deb 4a 1028.-. 03
1000 Lir ft M T t ,,1112
2000 Ixirlllard 7s ..124H
2000 Insula a Nash 4a.,.,, vail
lftOOO Mo I'M ct 4a .. .... 44
2000 do ev 2 at e Sa 1017 OS
4000 Mont Power Ss 07';
soon M J Air urake cvt ea. 111.14
Ix)w.
1024
8
034
98
100U
3
US ,
1ft
104V
S3k
100
on
04 Jl
83
0
1004
101
70000 N
40600 :
40050 ;
4000 :
eooo :
700O ,
27660
10000
r C ft Hud Sa
do 4
I T C A Hud eonv 4a
t V C A Hud 44 a.
j i;ny ea
i T
1 Y
do 4
1100O do 4
4000 N T Oaa It A p 4a,
27000 Y Tel I
2000 er 1'so prloi
suyu '.or rae sen
;u -scinr 'rei
Allien Penna ren
mono aa tvm lui'l.
City 4a, ,1000.... 101
City 44 1 11 1O0U
City 44s l3.,jn
4ka ret ltt .AotsL
44 s Nov 1887.. 100
8S
044
83
102
124S
834
44
8.1
87;
1034
2
82U
101
100
6000 Reading yen 4a
;uot itloni
1044
ma
N4 S4 R4
rn'.4:::::ii7J! ,' jw
..IMVeivJ 34 5W
oa ....... 101 i 11114 1014
ct 4Ua. .101K4 inlC iniai
4 InoC iih...
K 054 03S
73
IikiH
"Is
100
. esi
F.000 8t L IMA 8 an'Ei.'jAoK
73000 8t L I MA 8 ajs w I. 8SS
60000 do sen ct, 4s ,, 78
sniHHj ao in w 1 , 04
10009 qe sen os.
20000 do aer A. w
160O Bo Pae ev ret
KOOO South Pao rfd 4a. . ui
eooo South llwr sen 4s. . . 70S
BOOO do con Ss ... ... 101
40000 Third Are ref 4a..,., HIU
1000 Tol Ht Li W 4a . . rk
toon II 8 Itubber 102
SOOOO U fl Steal 8 P 5i....J05
000 do 8 K rS Si.. ..103
7000 Union Pae lat 4a.... 17
ISOOO tin Ilwys S' K 4s ... 82
8000 Va Kwy Sa OhS
lww niHin tat oa .....iti
SOOO do 2d Sa , , ea
10OO west union os ,,... 101
'ct r p ss loss 10:
en 4s... 70
101
vw'.". fit:
S3
78
IIHl
11
19
D
?!s
!.. 4
K I'S
y 0S4
J' 108S
HV HU4.
lit 10?"
n.i "ik
103., 111.1
55
,8J
i.h
B7
S2
104
0V
101S
Sales in Philadelphia 1
Nit
lllth. Low. Clow. hgfc
100 Allls-Chal. 24 I 14 M
40 Am Milling ":;
10 Ilald Vo pf 104 104 lit H
118 Drill J a. 8H "H H H
100 Cal ret .. tin '
10 Cruc Steel. sH 94 J
70 EleoBtor.. '.. -T
to O Asph pf tH O'W ' .J
1J0 Insplr Cop 0 !
S Ins Co NA. t!4, tOH HH ;
110 In M M ct 4SV 4114, 41W tlfc
to Kenne Cop Biu Hi 1H J
110 1, Sup Cor 10 10
OB Ieh Nav . 7H 18 'V
11 LehVal... 7H 10 W a!4
too Nev Cons. 1J4 tlH tit H
o North Tr.. 860 Bno 80
411 I'enna n It i ! Mt Vi
10 I'a Halt ... 00 8V 01 Va
to Phlla Co.. 3BH JO t
so l'hlla Klec tsH M ttU
loo PUT tr cfs ton tov 10H H
83 Phlla Trac. 10 70 7
8311 Heading ..UO 107 108 Us
too do Jd pf 41H 4H 47V. 1
80 Ton Uel .. 4H 4
tt Ton Mine 11-ies n-ioail-i H
lis Union Trac 48 43 48
134 U O I 8 81 li 88
S Un Cos N'J.U44 114 lt44
S040 u s steel. iooh obk
t do pref..llftft 118
400 Utah Cop. m 88
40 Cramp A H so 80
to York Ily pf 87 7V4
IIO.MJS.
. . llisn. Ixiw.
11100 A OABI Cs 00 03 H
4000 Hald Loco
1st ES...104H 104 101
1000 K&V Tr 4s 80 80 80
8000 Harw El fsloiH 101 101
tOOO Int Itys 4s 81 81 87
1000 L V Cos, .104 104 104
isoo i'a i;o gen
4Hs ....ioi 101
10900 Ph Llec 4s 844 84
15000 do Es ..108 104
1000 Tork Ilwy
let Es... 08 OS (8
Decreaee. Increase.
-;
00
118
88
80
H
11 V
Net
Cloee. cbse.
05
101
81
103
Local Bid and Asked
Baldwin
lJurr. ft 8uaq.
do pref to..
urni, j. o.
Today .
Hid. Aaked.
. S2S 24
BO
se ,
ft
Si
KIm. Hlnrflt. .... Hi
Uen Asd '.'tv
do pref SV4
KeiatoneTel IBS
Jo t c 131!
do pref SS
Lake Sup Corp ,
Lehtch Nv 75'i
lMsh Valley 78 S
Lehlsb Val Tr 204
do pref 424
Penna , SS
Phlla Rleo 2sS
Phlla Co 39
do S per cent pr ... 37
do 0 per cent pr . 40
Phlla n T t c 20.,
Heading 1084
. un t . oh el ;,
ue in Ms ie "'
I III t tl
Soot Tiuol a! T.eo ';
Tins s T5
5? fir Se
B2
Oil
80
118 S
14
14
Ml
43
E64
S8jk
80S
38
A0
204
108
Yesterday
Did Aaked.
SIS 824
so
SS
87S
eo
28S
84
18S
US
es
l1.
IB
20
42
S3
28a
88
87
40
20
108
I auisjn
jjja
81
67
ee4
so
BUS
14
14
611
Mh
784
21
ss4
8k
80
404
204
loS
"AV
op
Ax.yi HJ01
iib b n
ion
' OeJX u,1
llK uox
1U uoj.
RAILIIOAD EARNINGS
NEW TORK CENTRAL LINES
New Tork Central and Hudaon River (
rjuaive or lioaton ana Ainany;.
July1 sroBa 117,127.204
Net B.720.074
Surplus S.t41.12n
Seven months' stobs ..114,810.0A3
Net , 81.838.S60
Surplu Z2.173.841
ifoaion ana Aioany
July aroas
13.179
..18
.858
1.818,
l.VUI.
24.903,307
12.398.787
13.009.827
Net
8urplua
Seven months' rrosa
Net
Surplus
Total all llnea
July cross
Net
Seven months' arose
Net
tl.884.fl2S
. 078,2.11
210.804
. 12.197.S27
. 8.8I3.B98
. 1,132.833
.130.408.827
. 7.96,390
.202.920.278
. 63,440.373
1299.328
8S.S38
78.247
2.S42.723
1.344.942
1,124,682
t3.14A.172
212.575
42.128.789
23,207,406
I829,S8
.' 13.'.'55
220.677
CHESAPEAKE A OHIO
July cross 13,972,134
Net 1,333.339
Surplus 813.943
DELAWARE LACKAWANNA AND WESTERN
July cross I4.S07.803 11.120.781
.Net 1.610.083 703.138
MISSOURI PACIFIC
July cross 2.710.151 3S4.901
.et
BUFFALO,
440.806 60.333
ROCHESTER AND PlTTSnUROH
imo. jncreaaa.
Fourth week Auc 1481.674 I160.1S8
is
From July 1
2.439.21
433.233
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia
High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and
Public Utility Bonds
MKMDERH
NEW TORK AND PHILADELPHIA
STOCK- EXCHANGES
BONDS
Carefully selected securities, of
proved merit
Bend for Circular.
MELLOR & PETRY
--Jp'Sl7..ySrlek8ElJh.,aV.h,,'
338 COMMERCIAL TRUST BLDO.
U SOUTH BROAD STREET
INVEST IN MORTGAGES
AT 5.4
Recommended by
BEN T. WELCH
1328 Chestnut Street
OPERATIVE BUILDERS
can ana money by havlns their deeds and
raartsssrs prepared by us, Eipert Utal aery,
lea. Deed. 11; Morlsara and Iiond, 11.80.
I). S. INCORPORATING C.
WNANCK BUimiNO. rMILADELPHlA
a
September Investment
Suggestions
Our September InveBtment Circular is ready for
distribution, and will be delivered on application.
t, in dd5,tIon to the display of many attractive
Bpn.d.8 the circular continues our series of explanation
of banking- phrases with a brief discussion of -
The Investment Return
Edward B.Smith & Co
EarTABUMMQ IMg.
BANKERS
HtmU H, Yk w. fklUdlfkU gtk mAwm
0
mxtpv MAP-K-Ryr TN PHILADELPklA
CONTINUESTOIOWLITTLE CHi
Slirrhtlv Softer Tendency Noted in Some Direct
Trading on Stock Exchange Not as Broad as
Yesterday Reading and Steel Active
The moner maet In this cl r coMlnuei
to show very little ehanare when It j com.
pared with previous weeks, if nJh'n5,'.,
market Is a trifle ofter In some '"''??!
than It hse been. The .reduction ' "
bank reserves in thh. c tjr and New Tork.
has not caused a ripple, as mtht have
been eVped.d Neither did the first of the
month paymenli or subscriptions to the
Brllleh losn have nrttect on the market
The majority of the banks at present
are fairly well loaned up, aa are several
of the larr trust companies. Banks do
not care to buy any paper at less than 4
per cenL There are, however, some very
aood namt at short maturity offered at
tit Per cent While the cell money rate
Is reported to be fairly well maintained Lt
he official rate of 4 per cent, there iJ
The atock market In this city wst aJ
srua-u !" ifc waa yesterday 1
of "the Interest here was centered wil
lnea United ftlalea CI..1 "H
TI..ll Ihla hlnr l.r..l j "nf
tlvlty in the two Issues in ths NwaP
market By I o'clock Heading tewiui
an aavancB 017 points.
Afnra local lseiiea re. .tji . ..
Inir session today In comparison wiafl
li.r when Iho hllaln... w. ." " 1
ii kwAn i.t ... ... Irufa.
ui.iuvM Hv.w.. iw.t aiocaa ana j
ehsrefl. Movemanfa fit n.l.. .
"." were davj
between advances and declines, all
sale of ono share Lehigh Valley nZZi
411
m
Copper Continues Firm
NEW TOllrf. Sept 7. Continued flrnv
ness Is reported In the copper market by
leading; producer and refiners. Inquiries
are being made by users In this country,
and there are more Indications of foreign
business coming. 8ome Interests express
the belief that the placing of n. loan In
thla city by Russia will result In additional
orders from that country.
Sugar Futures Arc Steady
fctr vrmtr flent. 7. Tha more settled
condition In raw and refined sugar caused
a steady opening in sugar ruiures, ana
first prices showed an advance of 1 point to
a decline of t points, with sales on the call
700 tons. There was a little buying right
after the call for European and trade ac
count, with some selling for the account of
leading Cuban Interests.
Spot Wheal Steady at LtvernMl
i,i.r,iuuTO oepi. (, apot whn i
sieaay loaay wun wo. z red winter i
at 14s lOd, a decline of Id: k i v..
Manitoba, 14s lid! No. t North.-, i
toba, 14s lOd: No. S Northern Mia
14a Id! Karrachl. 14s Idi No. i v..
Duluth. 14a td! all unchaneed. o-Jr-
easy, with American mixed Hd UH?
10s Hd, while plate showed a loH'ssj
at 10s d. Flour waa unchanged at H!
Canadians Did for Die Part of 1
MONTItGAL, Bept 7. It Is now-1
tnat me wanaaian Bankers' Auoei
haa ofTered to taka 1K0 neft AAA ..v
coming Internal war loan. This wail
.14. ..MAM . ....1 . "9 j
wiucu uh" v aiiciai meeting 'oj
uKiinc. o iidiu i.e. v csieruay.
At Last
You may
have a
copy
Congress has enacted a Federal
Bill of Lading Law.
For many years this bank hasj
taken an active part in the move."
ment, inaugurated by the Amer.j
ican Bankers' Association, for a
uniform bill of lading that would?
be negotiable.
The order bill of lading will!
have a better standing in court
and will be strengthened as'ai
collateral.
The new law with "analysis iaj
now published by the
Corn Exchange
National Bank
Philadelphia
Chestnut at Second Street
THE REAL ESTATE TITLE
INSURANCE AND
M2 mccTMirr crnrnr TDITCT TAJ
J..d WlLiJimJI JllXCD1 lIvLliJi vUi
OF PHILADELPHIA'
At the dotes of business, August 31, 1916.
RESOURCES
Cash on hand and in Banks
Call Loans with Collateral
Time Loans with Collateral
Loans with Mortgages as Collateral
Investment Securities Owned
Real Estate, Furniture and Fixtures. . .
Miscellaneous Assets
.$1,006,584.59
. 2,258,784.41
25,700.67
134,846.14
. 3,613,412.79
448,969.34
243,755.16
$7,732,03.10
LIABILITIES
Capital $1,000,000.00
Surplus and Undivided Profits 1,756,928.99
Deposits 4,973,989.34
Miscellaneous Liabilities 1,134.77
. . $7,732,053.10
Trust Funds kept separate and apart
from Assets of .Company $15,226,166.57
EMIL ROSENBERGER
President
DANIEL HOUSEMAN
Treasurer.
CONDENSED STATEMENT
FIDELITY TRUST COMPANY
PHILADELPHIA
at close of business August 31, 1916.
RESOURCES
V. ........ . S1.382.8M.7S
M19.27S.72
ia,U,l.32
l,244,M.e0
21,4f,8M.8S
Accrue Interest .... .1. 2Vaii.a2
- was- m
fill
Cask In Office
Cesh In SanLs
Time .ad CH Loans
2,
land. ..J Km.1b
Reel Estate V
V.........
.'.........
,. . .
..... 1
I
Capital Sleek
Sura his
sivlal
Curraat la
Mtssettaitaev
e4U
UAMJTfo W'1'3
94,,H9M
t.f ll.W,IM.
. , j .. , , , i,wi,iaj.2z
I ' i. 127.44M.M
.....,,...,.. 33,l,ltls,73
- ------TaaaisiiaSSaaaaa
arnlua FiuJ .--,--
t 1 . . i -."... ......
vasmacM rreaxs
1.
rrut . . . .
tfl at1 altt atK
Amevmt ! PsutaU UAl U -r.L' .- ... . .- '
tueia aa ""'." -S7aa,iasj,ia,
.rrisHmi " ' frmtmtt
mu n . .n..
""sajsafalaj