-w
IT
n
m
a W,U
- J. .
'..
EVENING LBD&ER-PHILADELPIA, TUESDAf , SEPTEMBER 12, 1916
FINANCIAL NEWS
WALL STREET USES MAINE ELECTION
,.s RESULTS TO BOOST PRICES OP STOCKS
i i
Mirny New High Records Arc Established General Mo
tors Advances 52 Points Market Is Called Upon to
Withstand Much Realizing
High Points in Today's Financial News
Stock ttorhtt again strong and active, with many new high records.
General Meters reached highest point at which any stock has evef sold on
New York Stock Exchange, with oneexecption, that being Northern Pacific,
t 1000, en May 9, 1901. Cotton advanced. Wheat started weak, rallied
and declined again. French exchange strong and German weak in foreign
exchange market. Money rates unchanged. Two million five hundred thou
sand more in gold qrrives in New York from Canada. Shortage of HfiSl
ears on rdilroads in United States and Canada. Price of bar silver lower
m New York and London. Washington Oil resumed dividends. Shattuck
Arieona declared extra dividend.
. NEW YOItK, Sept. 12.
Wall street's opinion of the Maine election yesterday waa very well ohown In
hhe way tho stock market nctca today. With the start of trcdlnc, tlio Street
Md the election results as an incentive for a Kcncral buying movement, ana
jtfc business; during the first hour was at tlio rato of more than 2,000,000 for a.
Xil five-hour session. -
Many stocks made new high records during the day, two of tlio -most lm
Ipoftant being United States Stool common and General Motors. Tho former sold
'up to 1054. whllo the latter soared to 642, an advance of 0! points over tho closo
ct yesterday,, Tho latter. In addition to making tho new hlfili record, earned tlio
distinction of belnc tho onty stock that has sold that high, with the exception of
.Korthern Pacific, which roached 1000 a share on May 9, 1909. As General Motors
oared upward traders began to see visions of another boom like tho Northern
Pacific, which developed Into a corner.
As was to be expected, tho market was called upon during tho day to stand
ft great deal of realizing:, and this at times was on an enormous scale. At all
times, however, there was a good underlying demand and stocks were taken up
by other traders as soon as they were offered. This demand was steady through
'yit tho day, but In the late afternoon tho market seemed to feel the effects of the
heavy unloading by. tho bull operators and prices receded from tho best of tho
morning,
Heaviest realizing was In United Slates Stoel common and tho remainder of
the market, for a time, was Indifferent to this selling nnd many new high records
were made, with violent advances In some of tho specialties. Gains of 3 to C
'points were numerous.
f Marino preferred, after an early advance to above 124, dropped to 121 VI, with
tho sellers talking about tho published statements to the effect that Germany
J .Will put a new submarine policy Into effect on October 1. The minor steel indus
trials, as a group, wero active, with Republic Iron and Steel attracting most nttonT
tlon because of the scant supply and urgent demand. . ta
,t
STES'SKM
itraxjM
$2.f;An.0nft in ClnA TlVnm r.tinJn 11a.1.1 ! XT- v t- t! ? "
Jv NEW YQRIC, Sept. 12. Gold to tho amount of $2,500,000 has been received
xrom vmaua anu aepoaiieu at tne Assay oulco to tho account of J. l Morgan
Co,
i.fet
, tfc.t:
tfy " Washincton OH Co. Resumes Dividends at Hiehcr Rate
f PITTSBUKGir, Sept. 12. Tho Washington Oil Company has declared a divi
dend of 14 a share, payable October 20 to holders of record September 20. The
last dlvldentl on this stock was S3 a share, paid In December, 1914.
HEAVY BUYING MAKES
COTTON PRICES JUMP
k
Supply Is Small, and Spot
Houses, Wall Street and Com
mission Men Have Orders
'New York Bond Sales
NEW YORK. Serjt. 12. There nimtarnl to
bo little cotton for sale tills morning and
prospective buyers were forced to raise
their bids' on the call on the Cotton Ex
change, with the reiult that the opening
tone was firm with prices S to 11 points
net higher. Spot houses were buyers and
Wall street and commission houses also I
liad orders to purchase. Some of the most
prominent room traders bought.
Reports from New Orleans, that some of
the map readers there were predicting
frosts in northwest Texas tonight, served to
rally tho market toward tho middle of the
morning. The early athanci of some 40 to
45 points from yesterday's low lovel had
attracted considerable realizing, but gelling
was -checked by the weather uncertainties
and tho market rallied back to abou.t the
high point of the morning.
Ye'dljrf
fxtotwr ,.,.. ls.io i.i.18 1 3.;.i is.im Jr.
imemwr.., id.su in.su 13,42
January .... la.tt 13.48 lft.Su
itarcli 15.RT 13.63 1.VA.1
Mar 13,70 13.81 J3.M
July 1A.H4 13.85 13.(1!)
BPOt 13.40 ..... 4,,,.
Liverpool Cotton
f'A'SMVEnrOOL. Sept 12. There was a fair
Inesa today In spot cotton and crlcea
re 11 points higher, on the bas's of 9.3C4
mid-upland. Sales aggregated 8000
les. Including 7000 bales American. The
ports were IC.000 balesflncludlnK 15.000
tales' American. The mjfrfct for futures
closed steady at a net advance of 1 8 C 1 S i
points.
13.4(1
1U.4H
13.04
15.82
m.
on
15.2(1
13. as
ln.s-j
13.81
f
.CURB BUSINESS BIG;
LEADERS MAKE GAINS
t '
Buying of , Midvale Steel by
if Banking1 Interests Attracts
?&)., "R.Cre4- Ti4.i'
Auyai iiibcirab
ll1-
' ttrur vnmr'Rn i Th n
Birunjt lone ana active irauing on me I
Broad 'Street Curb and many of the lead-'!
lag issues made substantial gains, moat
Interest being attached to banking buying
of Midvale Steel That stock opened at
68 and advanced to 9',4, but later lost part
of this gain.
A new feature In the market was the
appearance of General Motors' new stock
wtvwi Issued, which was traded In at 124
to 130 during the forenoon,
INDUSTOIAUB
, . . . nw, AiVki.
Aetna. Btbjlm ........ 11 I Hi
Jkawrmn Marconi ,.....,.,, aU a VI
, Cwt4UnCr Co,,, ,, So 4
van urtrw we...., ....... .., wi
rotat Motors .,,....,. .......luu
. --ii
Arrosuana ,..
on rbonoararm ...........
kbii D4rvr irfc,,4,r
kui brcf.
actaM 'i Fa B . ................
a-i Lm-A v-"J ,--,.-,
i"ittertor ...
tor
Id
o
;SU
'it
)
tfifiet(it Z
BW. ,
t tSSS3,''", " V"4 V&
; ffremKrs JtSori'V.'.V..' .' .'.".",'.' ' iM 4SV?
Jliahawfliw i. ,....,,...., )... u Wi
3,KtH1Kl,m .. ...... 2H .
UalutlTr-M MMrtas. It..,.;... g .
til 1IXhm,, SS !J
di Seal .,,,,, ,.,4, H BJ
?! ScnM9 .,.?...,..,. ..,..., C4
wenrs rum t,...,,,..,i,.,., itt 1
, 0TANBARD OJf,
QH1t QKi HOOKA
tf .'.,. f
,,
173000 Ailamn nnrraa 4a.... M
100O Alaaku (Hit cv flu tsr U Mli
0(MHi Amer . Aar cv ia lUJt,
uuiiu oo ueo b ... vv
sooo Amer Cot oil 3. U5i
213000 Anslo-Vrtorh 3a 3S
330OU Aiwr rorelun S.c 3a.. Vbii
13300 Amrr Xmrlt Her Cm.. Ill
03300 Amar Trl cvt 4V.i...lll(i
looifAmtr Writ 1-np It... mi
20M Ann Arbor 4a .-.
3(HN) Armour Co 4a U
k(Khi Alrtilson aen 4a , BiK
4UOO da ad) 4a ......... H.tS
lll(H) Atrh Trana II L, 4a... Hit
louoo Allan Co Mnn clt 4a.. 3'
11 uoo Halt Ohlj ss tg
JWHKI do Da , lii5'J
,3300 dory 44 l)4S
1IMH1 niO 1' I,i:iW 4a.... HS'I
luou iiall & u Bwn SHa.. 10
.vooo llth Kiwi rfd na....lwil
1000(1 lirkn Itu Tr 3a llilS..l(io'
rmo Ilrkn Vn VAv lat 3a,..luiU
13000 Can (lovt 0a 1U21.... H9
i0 do 102(1 oat
1KKK1 do 1UJ1 UUU
lyow Cal Oaa A niec C.,.,1IiH
7000 Ont Iathtr lat 5a,..loaj
uwu ucm I'no lac 4a .... 0HV,
i.am (topper ii., .,j za,
Chra & Ohio ronv Sa. 1CU
. DM
. Mil
. DO
.Kill
. IlIU
::utfft
Ism.
Si
1D-J44
o
301X1 Chill Copper
I'OOO i:hra A Ohln I
lOOO f'hl A Alton nUi...
310CO Chi II t U joint 4a.
100(1 Chi M a 8t I" 3,ia .
Sliuil doiIlv4a...,
2SOOII do cgnv Ba..
300(1 do cr 4'4a.,
KKIO do sen 4Ua
23(100 Chi It I a i rfd 4a,
L'JOOO do Si
30(10 Col A Houtfl 1st 4 Ull'i
3000 Con Uaa ronv Ua 12.1
1000 Del A Hud ronv 4a....lor.K
r.ixio rn jtio or rfd Sa.. 7
.11)00 Krle gtn 4a , 72i
18(iu(l do conr 4a arr 11... 7
MKiu Oranby 6a ,101
101N) Ucn Klro del) 3n 11)4
3000 Hud A Man In 3a 27
r.uoo in HI eel dab 4'Ja .... 111
snoo Indiana me.l 3a 10'A
2U00 Interb Met 4a 73,
2VWM lntrrb II T rrf fia... U7
1IMKK1 inter Mrr Mar rt 4a.l(u
4H0O0 do tr I Oa 1)7
2C0OO Infer Asr r 75
JIKKH) Kentucky Cunt 4a..,. H,
2IH1U Ijckn airel fia 1U23,. IIUU
juiou ao aa luau.. ..,,,
IIOOO Ilex l'et Ua aer A .
looo ua Kan fc T lat 4a .
3000 Mont 1'ower a . ..
lioon N V t Hud da .
KKK) do SVi
loud do run 4a
12000 do 44a
10000 N Y City 4a 1038.,,
2.VIO0 do 4a 1V3W ,
OOliO do 4Via 1R3 ....
4000 do 4tfa 11 av 1057
,'IKH) N Y Uaa U und 1 3a.. 104
jaouu iN x jcka
"5
bill.
la.iJ4
SSH
4S
07
HO
VII
limH
1IHI
luuK
r ;
nil',
123
1U3K
"' .
72li
7.1
1113
KH't
21
lir.'J
1)71
100
ii.i
Vita
lni
101
till 11)4
Je AV na...U7K 1()7A
1000 N Y N II II Oa ...lit 111
lOil'l fUl 100
uiuii mo1; iou!i
14
107
111
ii
U2'4
4IHHI N Y Ont t W lat 4a
annuo N Y Hwy adj 3 ..
louuo N Y Tel sen 4a...,
10UO Norf ft VVret 4a ....
lnuoo Nor l'ac prior 4a ..
2SU0I) do aen 3a ,
r.iHX) Qra riburt U rrf 4a..,
'i:.'uui) yra v it r aa.,
'll.k) Pan lnnat let fia
21)00 j'acino Tel Ba., 101 101!
hODil l'enna sen ct 4a,.,.10tj4 0H
miuii 1'eopir I una
7M
6(1
1)7
2
"13
v:
Hi
.vn.
5u
on
7
r.o'l
S3
U1U
S3
mi
101
Sa
.,iuift jui;i km;
lot'I 101 nil'
'!:.ii)i ioiii tun
SUOO PCC4SII, 4'. Her A..l(ll'.i IdPi JOH
oinnr i'uuiio rerv i, u ,,, u,
fiOWl Haadlnc-Jer 'nt 4a.., v:.
KMK10 Kepub Cuba 3a 1801,,, UN
OOOO I tap lr H Sa VSU
lam St 1, ft 8 F ale w I .. hi
nutKi no wrn rt alA 4a.., nu
do Her Awl .... ns
M ft M 4
uaa oa
luooo
S(HMI
21000 Ht
uv
88,
K
I 111
20UO Rt f. wn lat 4a ;,, 7(1
lOOO Mt 1 Al Jl 4Va...
r.ouu tiianu uaa ua
llHiOO HfuUiard A 1, Hta, 4a,. 71)
liaai ooutu lao cv
Co cv na.. .,..1H4'. jniC jim;
d Are art J Ca.,,, 7 7n 7H
H ft It (la ,..113',; 112-i 112
I UI a t Sa ... 103 13U Joij?
4a . .. Ml
11IHK1 do r rrt t u Sa.' 104
3010 do rfd 4a Ml
2ouai South Htey sail 4a,,,; 70
lioiai ao ron ua ,.,, ,iiii
luuu iaiaa t
200(1 Third
1000 II U 1
31IKM) It H rJUl a t Sa ... 103
,,utlul ,, IS!.. ,. II. JL , .. lift
3IHW Union lias ft V 5 HH
-1351k) Union Vao lat 4a 117
2000 docv4a... U4.,
20000 do rfd 4a MK
12IMKI Tin llwra a t 4a..,,". 3'i
(rtjiai vi ur 4 nra lat u. a. i"
Slaal IVabaah lat Ca ...,, 101
STiuio wau-iyr lat ct r p 4a a.
immhi vrat a:iectrio ca lir
a. .,,i;
V.
u.iS
VK
M
AD 4
8 .sa ?x
1"2 1U2J.
llll't (lilt.
ZS JX5
11)314 10.1
Ml'I Ml
70 70
1IHI44 ltll
Si"
in
1)4
W)U
93
II M
QH
JaaasHMt OH U(
IstaLiibtaiitt aVaAisf
uiftft
MrKtartprjPitW'Wa
KtwHaifr .
Ruai Tab
: Had ('uq
HHftOW
f"fi-I1iiV
PsWI ))
ft'
4.irPtaa;Ba.-a
flSalMKItt'
44ft
'M f
.. 4r ,
ij.
. .. a, '
! ?
4
Mtniaat
.4..f .
jikui Weal i: ft 11 rv 3a.
2VUO Wcat union oa. .
3 123
.lot loiS
121
loi
New- York Stock Sales
V$t cloa. ltlsh.
,,,, ,.,4 JMH 4IO
0.1 00
Inr, Cln.
65 55
01 00
14 14
71-5 7)1
25 25
80 tO
101 103
01 03H
01 M (AH
Acme Tea.
Aiat Itubher
Alatu (idd M,. .,..... 13! 14(
Abta J Gold M, 7U 7)
AllU-t'Iuilmeia if 241 25H
Am Ac Chemlcil W'l 80
Am Ac Chcm P' 101W 103
Am Itret tujar,. 03 Wt
Am CM 01 P.lif
AmCanpf it 113 113 115
AmCar&Flr 0.1 rvijj 0.1) 0.1H
Am Coil 1'roJufM 1st 1M 151 151
Am Hide & Leather 1P4 liH 11H 12t(
AmIIIJoALpf ISH 04) CO C4W
Am lea Mcarltlei. 30 .104 30) XiH
Am UnieaJ , 2.1lf 21)i 23 211,
Am Linseed pf 51- A21i Vl 52
Am IMoraatlre 7SII 70 78'f 7fi,
AmMaltCotp'n 7)( 8)i 7)( R.'f
Am Smelt & Kef 1M 103 105.', 107
Am Smelt & It pf. 113'flll lit 114
Am Steel Fotnlrlei 67JJ C, fa CS
Am Ruiar Kcflnlai 103 111 10014 110
AmSuitar ricflnlne pf,.113; 113t USJl 118J(
AmTcl&licI 3.1 13.1K VYZll 1,12'1
Am Tobicoo 221 222 222 222
Am WoOleo 4S( Cl'f. M CO
Am Woolen rf OS t) 08l DSH
Am Wrltlnsfpf........ 331 31M 33Jf SIX
Am Zinc L ft fcra 40! I 41 30!X ."BJi
Am 7. LftSpf 78t ,8 78 78
Anacondi Cop M 8S!X S9) 83; 60
Atc:i Top & S K 103J4 1I)1 10.1 10.1
AtlGulfiiWI 8 HI 84 bl
Atio&wipr oo;r 07 cct mi
1I.1U Loes Wkl...,...t. S3 81JJ R1 K.1
Dlld IjOcj Wkl pf 100!f 10J 103 101
Ualt & Ohio mi 80) SO SO
Ilcthlchcm Stoil 503 62 lit 603 62IU
netftbhem Slccl pf lsa 133 US 13S
llttrai Urm 78 771 77?f 77l(
Unite . Superior 701, 70 00! 09U
Cl retroleum.. ....,, 2Ui 21? 21( 21U
Cat Tetroleum pf . , 40 40H 4SU Wi
Canadian Taclflc 176) 170Jf 170U 17fiJf
Central Uather 02) 0.1X 02U 03
Central leather pf 113 llOi 114!i 114!
Chandler Motor., loy KW 103 108.4
Chesaohio am ou ous out
Chlcajo (Jreat Wejt....-12)t 1214 12M 124
Chi Mil A St Paul 1)2,4 03 K U24 024
Chi Mil & Bt P pf 1234 121'i 121. 124U
Chit Northwestern.. ..121 1214 121 121
ChUlIi'Pac 10?" 17U 104 17U
l,qiio copper -ut 'MH j vj
Chlno copp:r 654
Col Fuel (: Iron 624
Coiuolllated Gai 137
Continental Can..., 07
Corn Product Kef s W,i
Corn Prod Itct pf. 01
Cruclblo Steel 844
Cruclblo SUvl pf 110
Cuban-Am Sugar 245
Cuba Cane Sugar 574
Cuba Cane Surar pf 054
604 60 63
634 52IX 52U
1374 1304 1304
07 07 07
154 Iff 154
004 004 004
854 814 844
110 118r 110
251 247 231
57!X 604 57
054
35
47
24J4
88
374
62!.
43
20
43
034
as
474
214
83
374
624
43
24
444
054
35
47
2I)S
88
374
524
43
234
434
172
Don Hlo Gr rf 334
Distill Sec Corp'n..i..i. 404
Dome Mines 214
Drlrcs-Scacurr 88
Erie.... 374
Erie 1st pf 524
Erie 2d pf 44
FedMln&Sm 184
Fed Mln & Sm pf....... 424
General Wectric 1724 17.14 172
General Motors i.500 042 6904 012
General Motors pf. 12fl)i 127M 1204 1204
GoodricllBF 724 724 714 724
Granby Consol 804 88 874 SS
Great Northern pf 117 117
O N cfs for ore prop. .. . 42,4 434
Grccno-Cananea 604 604
Oulf States StaH 82 87
Gulf States S 1st Pf 054 93
Gulf States S 2d pf 804 01
Illinois Cent 1004 101
G24
174
524
104
314
094
45
40!
110.4 1104
42 424
605. 604
83. 87
08 03
00. 01
101 101
00,4 014
17
60W
104
30,4
04
44
48!.
17
624
104
304
05
45
484
..12.14 1214' 1214 1214
Insp Con Cop 024
Int Agricultural 144
lnt Agricultural pf..i... 40
Int Con Cop v t c sh. . , 104
Int Paper 204
Int Paper pf 01
Int Nickel v t els 44 .
Int II M c of dp -40
Int M M pf c of dp,
Jewel Tea 00
Kan City Southern 214
Kelly Spring Tire 83
Kennccott Copper 634
Lack Steel Co 83
Lake Erla & West 17
Lea Rubber Tire 474
Lehigh Valley 70
Loose W Ills 1st pr S14
Maxcll Motors .- 814
Max Motors 2d pf 524
Mexican retroleum 1104
Miami Copper 374
Missouri Pacific 44
Mol'actrcts 4
MoKan&Texas 44
Nat Cloak & Suit S2U
Nat Cloak & Suit pf...,100
Nat Jvnam & b Co 204
Nat Lead Co ; 004
Ncv Con Cop , 224
New YorX Air Brake ...133
New York Central 104J 105 1014 1014
N Y N II 4 11 68 684 634 68,4
NYOaWcst 20J. 20 20 20
Norfolk & Western 120H 1204 120 120
North American CO 03 C3 08
Northern Pacific UO 110 1004 100J
untario surer 3iin...... 7 7
Pacific Mall 274 29J.
Paclllc Tel & Tel 34
004
244
814
614
844
18
40
704
804
82! J
51
114
37,4
44
4
44
844
004
244
82! i
534
834
18
40
704
804
814
634
110H 112H
37J4 37H
44 44
4 4
44 .44
82,4 S2K
1104 100,4 1104
274 27 27
C04 004 GG4
224 224 22,4
141 130 1394
1)04
214
S24
634
814
18
40
794
804
82,4
64
WHEAT PRICES DROP
ON HEAVY PRESSURE
Liquidation Extensile Because
of Holiday TomorrowOut
side Support Lacking
1 -1
CHAIN BIH.T WKATIIKR TORKCAST
CIIITAOO. Hert. It. Ttia weather fore
en jt far SO honra fallimai
lllnnla tnrat thunder hijr.t(ila alter.
ikhih cr lontjhl, roalcr tonlfht, nraneedar
Sllaaonrl flenernlty fair tontjht and to.
tnorrow, eirrpt ahoirera aouthaat tanianti
cooler . toniant earcM ettrrnia
oroertnatwarmr tomorrow.
a wiin
it larantln IJniteltled
aflrrtwen and prehiNr eaji rtnd nortn ta
nltiit cooler tenliht, Uedneauar fair,
,r,.. r... ., . . .... ,.L
Aiinnoata 1 -aniy cwnar f";rni .wiin
porthweatt
ahowera . tMa
l
" coat and
ahewcra eaat. coaler tonicbi. co " cuat am
central lenient, warmer loDie-rr,. . .
North Dakota lair lonlnht 1..1U tomor
Month paVola. .Nrbraaka and
inniant ana lamorrew
Fulr
morrow.
ICanaaa
warmer to
CHICAGO, Sept. IS HeaT prcaaure
wcnliened tlio wheat market Bharply today.
It was helped by favorable advices for the
Allies from the Ilalkans, ens tiers at Liver
pool, where there wan a lack bf demand as
tho result of a strike In the flour mills of
the Unltod Kingdom, fnvorablo crop news
from Canada and sood weather for thresh
ing In the Northwest.
An the session approached the close of
liquidation became more extensive because
of the holiday hero tomorrow, Primary Day.
Outside support wns lacking.
The bearing of liberation or Ttusslan
grain was discussed, tho opening of the
Dardanelles being one of the most Impor
tant factors nt present.
There Is. however, a great deal to be ac
complished before navigation through the
Strait can bo resumed.
Liverpool viewed with some npprchen
ston the decrease so early In tho season In
supplies In the United States and the
Dominion. At one time buying for foreign
account, covering by room traders nnd
smaller arrivals at points In the Interior
helped the tone. Demand for tho cash
article was declared to bo slow.
The visible supply In tho United States,
nccordlng to Uradstreet', Is (6,417,000
bushels, nn Increase of 723,000 bushels for
tho week and compares with 13,820,000
bushels last year; In Canada It Is 23,04!,
000 bushels, a decrcaso of 833,000 bushels
for the week, and compares with C, 809,000
bushels a year ago; In Kuropc, continental
stocks omitted. It is 7C.700.000 bushels, nn
Incrcaso of 1,000,000 bushels for tho week
nnd compares with 39,800,000 bushels last
year. The total American nnd European
supply Is 105,220,000 bushels, an Increase
of 890,000 bushels for the week and con
trasts witl459,489,O0O bushels a year ago.
leading futures ranted aa follows:
Wheat-
Open.
Rent... l.r.-H
Dec... l.GSW-
Aiay... 1. as
('ton fl-iAvr A
Utah.
1.SS
l.tHU
l.S4
tiorn (new delivery)
Sent,.. NO 811
I.OW.
1.4V
l.r.o
1.B1
12H
764
45
47K
cut.
IeC....
Mar...
Oata
Sept...
Uec....
May...
jiru
Hopt... 14.20
Oct.... 14.15
Dec,... 13.85
Alba
Sept... 14.40
Oct.... 1S.9.1
Jan.... li.67
Pork
Sept.. t27.80
Oct... 2S.B3
Dec ... XS.TB
Uld. fAsked
72H
43
Cloae.
tl.COH
11. SI
1.S1K
R5
71H
Yea'diy's
14.22
14.17
IS. 83
14.40
14 W
12.07
27. S2
20.75
23.77
4!U
4
CO
11.10
14 on
13.42
14.30
IS. as
12.S0
27.80
20.43
23.30
1H
UM
44U
47'
SO'
14.10
14
13,
t-8?
tNomlnnl.
14.80
11B.U5
12.30
27.80
20.43
t23.65
clnao.
1.R3
U:K8
79
43H
14.13
2
0
M.32
14 on
12.07
127.82
ZS.GO
28.V0
tn'.i
fis.t
Sugar Futures Steady
NEW YORK, Sept. 12. Sugar futures
opened steady, three to Ave points higher,
with sales omthe call 14S0 tons. There was
a little earlyicoverlng of shorts and buying
by operators.'ldue to a firmer feeling in the
spot trade. Qctober sold at 4,28c. November
at 4.28c, December nt 4.21c, February at
3.90c and March at 3,92c.
Sales in Philadelphia
100 AUIs Chal. stli
Net
f,ow. Clnee. chaa.
aBTIi "W T.I?
sno Am Pan .. OSVi oH n ?
00 Am llya pf 94 04 04 H
140 Am Smelt. 101H 11 10"4 ??
S Bald Jj pf.lOi 103 105 1
18 11 A 8 t 0. riVa l H
63 do pfd.. BH 6 .
10 Drill J Q. SSH 3114 ism
s Cam Iron. 45
10 Cats, 2d pf B314
610 Elec Stor. . 6R
lt Gen Afp pf 68H
13 Ina Co N A tttt.
173 Kenne Cop 54
13 Key T Co. 1344
3310 Mc Sup Crp llU
CO Ith Nav.. 76
13 Irfh Vat.. 70H
970 Tenna R It 56
46 l'hlla Co . 8K
543 l'hlla Eleo JSVi
923 PRT tr cfs 30H
too Ily St Spr stH
100 Itcp lr & St 00 ',4
111 Reading .111 11014
200 do 2d pf 4T 41
100 So raclflc. 98
10 Tenn Cop. 3JH
301 Ton llel... 4V4
SO Ton Mln., 6
810 Vn Trac . . 48
400 Utah Cop. 87 H
43 Un O Imp 884
8034 U S Steel. 103H 104H 10H
200 West Elec. 63H
5 Wcstmor C 7t
213 Cramp & S 85
45
eV4
6H
23
84M
13)4
114
16
1H
8B4
38V4
36
20
SI ,4
66 Vi
98H
Y
6 V.
44
854
63
Ik
uoxiw
Illsh. Iiw.
$3000 A C&El Cs 90 116
100 City 4a reg
19(0 ...101 101
1006 Choc gn Es.100 100
2000 K&P Tr 4s 801 80V4
2000 K T 1st In 91K 07
4000 l,k S Ino Cs 33 35
2000 Leh Nav
cons 4V&S.101 101
1000 L V gen 4s 00H 90V4
1000 do cons
4Hs '03 994
C000 Ta Co gen
4Via . ..10H4 101V4
1300 Til Elec 4s 84H 84U
6000 Ifead gn 4a 05 V4 93V4
5000 U R Jnv Cs 6754 !H
3000 York Rwy
1st Cs... 03V4 95
Decrease, .-Increase.
43
53V4
6JV4
H
264
04 M
13V4
11
16
1W
t)
t
fltt
f
6)
Vi
63
S8V4 94
38
20 H
61 1H
60 2
110
47
98
37 ,H
4
5
45
87
83
C8
13
83
Cloao
96
101
100
80
97
w
eke
Va
1H
1
Net
33 1
101
90
99 99 Y
101 ...
84 ..,
03
67
93
DIVIDENDS DECLARED
Manhattan 8hlrt Company, regular quarterly
of 1 lr cent en the preferred stock, payable.
Octou-r 2 to holders of record September 81. ,
California Petroleum Corporation, resuiar
quarterly of 1 par cent on tho preferred Block,
payabh) to holders of record Heptember 1J.
Anaco Company, reculor quarterly of 2 '.4 per
cent, payable October 2i booka cloae September
IS and reopen October 2. , . .
National I.tcorlca Companr. regular quarterly
of Hi per cant on preferred, paiabla September
80 to atock of record September 23.
Dlatllltra Securltlea Company, rerular quar
terly of H4 per cent, payable October 10 to
atoi-k of record September 27. ,
United Fruit Company, rerular quarterly of
12 per ahar. . . . .
Nlpo liar Company, rerular quarterly of S3
per ahare. .
American Drake. Shoj and Foundry Company,
regular quarterly of 14 per cent on common
and 2 per cent on preferred, payable Septem
ber SO to stock of record September 22.
Conaumera' I'ower (Michigan), regular quar
terly of 1'4 per cent on preferred, payabh)
October 3 to atock of record September 18.
Shortage of Idle Cars
The American Railway Association re
ports thaT on September 1 there was net
shortage of Idle cars on lines of the United
States and Canada of 14,281, compared with
a net surplus' of 9762 on August 1, a change
of 24,043. On September 1 there was a
net shortage of boxcars of 14,622, against
a net shortage of 7777 the month previous.
The net coalcar shortage on September 1
was 10,821, compared with a net surplus
of 1024, while the net surplus of flat cars
stood at 128, compared with 33C.
PHILADELPHIA MARKETS
X CUlt IVillUUtaU
Philadelphia Co....
Pressed 8 Car Co..
Pub 8 Corp'n N J.
Ity Stoel Sp Co....
Itay f!nn fTnnnrr...
r'jteaoine
Iteming lit pr
Iteadlne 'd pr
Itepubll: iron ft S...
llcpabllc Iron & 8 pf.
Saat Ariz Cop
3514
,WI Mil
.... 30H 3SJJ
von ovn
....132 133
SOH 61H
....25)f 25W
llOJj 1111 110)4 110i
.... 4:i 421 42)5 42)5
47ii idii 45H 40)5
til t7 03 GG'i
111)1 114)5 111,'f 114)5
.,,, own ou)t K);i .uy
OJi
28
35
G5!f
38)4
133
U1M
25)f
7
2'J
35S
C5!f
38)5
C8H
133
51U
25!i
GRAIN AND FLOUR
WHEAT Recelpta, 101,083 buah. Demand
waa fatrly active, but with cloaer outalde ad
Mcoa prlcea declined 2c, Quotatlona: Car Iota.
In export elevatar No. 2 red. apot, Sl.COWl.sa;
No. 2 aouthernA red. $1.48W1.51; ateamer No.
2 red. tl.47Ot0: No. 3 red. 1.47I1.C0: re
jected A, tl.4401.47: rejected 11, Jl.41Wl.44.
COKN Hwelpta, 2088 buaheta. Demand waa
light and prlcea further declined Me. Uuuta
tlona: Car lota for local trade, as to location
Weetcrn No. 2 yellow, UOWUJcj weatern ateamer
yellow, VSUOtic; weatern No. 3 yellow. UJWlUc:
weatern No 4 yellow. UOWttlc.
OATH Recelpta. 84,628 buahela, Buyera
lacked Intereat and prlcea were Uc lower. Quo
tatlona: No 1! white, 63 WRSVic: atandard white.
mte. oi'4 oi:c; no. wnue.
45C
FI.OI1R nerelDla 1001 Lbla. and 484.707 Iba.
In aacka. Trada waa alow and raluea wera
largely nominal. , Quotatlona follow, per 106
wi
6-M tpfiSc: No.
OVOSlc; aamplo oata, 474
3 wh
Iba. In
uo. air
Kanaaa,
wood:
clear.
inter.
ttoo
dear.
do. atralght. 1C150O7; do. patent. 17 U7,AO;
o.vu;
30.1390,40;
do.
!.4 'sis a
;.h
FOREIGN EXCIIANGB
NIW VOJHC 3ept. 12. TU market for
foreign exchange In the early transaction.!
today was In the main dull, but steady.
Sterling was unchanged, but German ex.
change was heavy, with .Vienna down to
12 for cables and 11.95 for checks. This Is
the low of the movement. Itelchmrks were
without bids at 691691.1(1. Tlia strong
feature was francs, whleh advanced further
to 4.86 K for cables and 4.80;, for 'checks.
Other cuo4arlois were: Lire cables J).41,
heeks 6.45W, demand sterling 4.71,
.eh) 4.74 7-U: guilder aablea 4X leas
1-13. eliecliB 4pi plus Lit: Swhw cable
SMK. e4cks 6,33; SeandhMvlan kroAer
38.10, otMoka Z5.3 I peseta cables
saisshs 943.16 ( ratal eW 31.10,
a My
M.MV
Bw.
KATBi FOR MONEY
ttf Min SJ M4
mnrmzr
saaataw,
fh
aUXK CLKARING8
tLtBMmtt 4tsUI mti tV tf t
-!.l I.!.,. f iffl Si1
lilllilMlli
Sears, Itoe 4 Co pf 125 117H 127H 127Hi
blOJS-snel 3 1 6H b'i f7)5 CH
SlossJhef B & I pf 03 07) U7 07J
South Purto It Sujar.. .178 lb3 183 1&)
bouthernity 2.t)5 23U 23 W 23)5
Southern Itr pf. 07 C5) G5) U5)i
Standard Milllns pf HSU 88! f 8S!f &S!f
Studebaicer Co 121)1 124)4 122)5 123!
Tenn Copper 27 27K 27)i 27J4
Tciai Co 200)5 205 202 204U
Tobacco PraJucU U) 61$ fiO)J fill'
Union Hag & Paper.... 10). 11 10)1 10JX
Union llaj & 1 pf 67)4 .Sli 67)t 63
Unltod Clt-ir Mfrs 50)5 49 40 40
United Fruit 105)5 101)5 104)f 154!(
Union Pacific 140 141U 140H 140)5
Union Pacific pf B0)i bO.'f 80 80)i
UUUIP&K ,.. 23M 21)1 21 21)5
USOIPAFpf 63H r,V,i 6.'1J5 53H
U Ind Alubol 117(t 111) 117) 117J4
u a ueuiiy imp -ji L'i 28 23
UUltubber Ui 61 f7'( til
U S nublwr lt pf 11C 112 112 112
UBBm It &M. ...... ,-77)f 7'5 78 78)5
U B Steel Corp'n 104). 105)( 101)5 104)$
U H Steel Corp'n pf,...118!f, 110 118)f 110
Utan Copper B7U 8H 87)4 871$
uniica iij inv uo pi., is
Vs-Csro Cbeni 43)5
Wabub 13lf
Wabash pf A.., 4bH
Wabaih ptll 20)1
Weill Kargo Exp 125
West Union Tel VQU
Wi'JtK&M GUI
Westers Marjlind ,... villi
WlUyi Orcrland 47J5
Wbcontln Central..,,,,. 40)5
Woftblntton Pump 30).
Worth Pump pi II,,,.,. 00
issi iy 18)5
43)5 43)$ 43)$
13! 5 13). Hi!
40 40 40
20!f 20).' 2G)$
12fl)i 120H 120)$
U7)i 03 J t 07H
0J 017. ai
iS 28 8
48 47JX 47J
0 CO CO
31!f S0! 31'f
(2)i t0) 021$
aacka. 10.70
XIM1. KOi.do. patent, cot'
ton aacka. 7.60t7.HU; anrlng, flrat clear. 10.75
tlTja: do. patent. l7.7nOtl.23; do. favorlta
branda, 8 .'.0u; city mllla, choice and fancy
patent. tH.OOOU: city mllla. regular gradea
Winter, clear, irf 1I1M0; do. atralght. I0.3UO
7; do. patent, 1107.00. . . -i ..
KYE KI)11R waa quiet but firm undeTTigbt
oXerlnge. W quota at tO.BUtft per bbl.
PROVISIONS
The market ruled' steady, but there was little
trading. Quotatlona: City beet. In seta, amoked
and air drlad, 2ac; weatern beet. In aala, amoked.
X8c; city beer, knucklea and tendera, amoked and
air drlad, 2Vc; weatern beet, knurklea and ten
ders, amoked. 2o: beet bama, i2atrS0; pork,
family, I2H 60C2i hams, H, P, cured, looaai,
lsMOlvc: do, aklnned, looae. 1UH W.Uc : do, do,
amoked, 20H 21o; other bama, amoked. city
cund. aa to brand and averara. lOUo: bama,
amoked. weatern cured, lMc; do, boiled, bona-,
leaa, H4o: picnic ahouldera. 9. 1. cured, looaa.
14c: do. amoked, lBcj belllea. In pickle, according
to nverage. looae, 17Ho: breaktaat bacon, aa to
rand and averace, city cured. 22c: braakfaat
bacon, weatern cured. 21c: lard, weatern. re
rmel. in tlercea. iimci ca. ao. ao, in tuna.
Q(,i urn. dun f.i
no;
ilccte
sKc:
sh i
2002:
tad. 24c: do.
ao, weigoinr ii
'. -2c;
welching 4W 05
ID8. api
nleca. 22c! do. wel
21c. rojrla. In bbla., lea-packed,
Iba. apleca.
Iba.
ace. 23c: do.
weighing. 3 Iba.
fancy eel
BDlecc. 2S
weuThlaa S
anleca. 201
fancy, dry.nlcked Northern Indiana and 11IU
nola, weighing 4Q5 Iba. apiece. 23c: southern
Indiana and llllnola, weighing 4 00 lbs. apiece,
22Vtc: smaller altea. 1SU22C Old rooatera. dry
picked, 10c. lirolllng cblckena, llllnola. fancy,
iiOS6r: do. Indiana, fancy. 24025c: do, email
atica, 22023o. Urollera. Jeraey. fancy, .ii
82c Urollera, other nearby, weighing; ltt 92
Iba. apiece, 28 9 30c. Urollera, nearby, smaller
altea. 20027c. Ducka. nearby, aprlnc. 31c.
HquaDS, per dozen White, weighing; 11 to
iz JD8. per aozen. la.iaHti: ao. weienina u xa
10. lbs. per dozen. t4.BS0S.OO: do,, weighing
h
a to
t4.HAias.fid do. walahtna
8 Iba. par dozen, M04.3OI do. weighing f Iba.
iten. J3.3O03.75: do. weighing 9m
lha. per doren. f2.7B02.Si); dark. 42.OO02.OOi
Ul14 111
iff.
S.5oe8.?fi:
a uu-cu. l4.IUW4,Hii
and No. 2. OOC0I1.25.
FRESH FRUITS
generally
luir aa-
-worth-
pa.ou;
a,25;
:.ou.
The market for choice atock was
firm under moderate offerlnaa and e
mand. Ouolatlona: ADnlea. par bbl.
weatern Greening. (308.50; llluah. 1303.1
Bmokehouae, I2.fr7i.23t Wealthy. 12.7000.:
Ducheea. ti.234i2.75: fair to rood. 12U2.:
apolea. Delaware and Maryland, par- hamner.
Fancy. 3101, 25: fair to good, 33072a: lemona.
fer box, SU07: plneapplea, per crate, Florida,
102.00: peachea, Virginia, per carrier Li
beria, tl.2301.75: llelle, tl.25)1.75; peara.
New York. Uartlett. per bbl.. 3U; crapea.
Delaware Concord, par crata. 7O0Ooi do..
per ' -Jjio l oaaket. 80100! watermelona, per car.
200.
VEGETABLES
Polatoee told fairly and ruled a lhade firmer
under. Unlit recelpta. Ontona wera In fairly
liberal auiiply and aulet at former' ratea. Quo
tatlona: While potatoea. per bbl No. 1 Gaat.
em Hhore, J2.BO02.73: No. 2 Eaatern Shore.
)IK. .
1BH
Aa.
lard, nura clt : kattla rendered. In tiercel.
I do, do, do. lie tubs. lBMc.
REFINED SUGARS
Tho market was firm with demand fair. It
IWre' Hat prlcea; Ultra flna granulated. 0 209
H.25c; powdered, 0 8U06.3r,c; confectioner' A.
O.lOCO.lOc; aott gradea, B.43eu.loc.
DAIRY PRODUCTS
TltlTTRn The market ruled ateadr at tha lataS
decline with demand aomewhat batter Uuolrp
la.pacaea creamery, rancv
31c; extra flreta.
t; .rcvoiu, oui
oft! do. averace
aac! aeconda. SOUSloi
,,. ..ii. --
ITIKIB, HVUI
ti.s.tOi.raO: No. i
WIa, w.o
r tbl No. 1. ll.TBtaVJ: No. U HCfiirri.
;...,. n.r.v.uiu'.i. 'v:. ::-. j erajani aiTr?""
Pennarlvanla. per 1001b. bag, 120223.
aEtierrii nnnrs.
Norfolk. 12.BOti2.7B! Nn i
norioiK, ii,zioi,ou: wmta potatoea. jeraey. per
im,ki, wyivti iirrri lMjtitiwra, bicrn nni
notatoea. Kaatern
iMtwi: no. -i.
ore.
ttonai Weatern.
aneciala. 35c; citri
ciaia. nnc: eitra. as
B2Hc; flrata SltfJlHr; aeconda. 30030'
nearby prints, fancy. 88ft:
SltiaSc; do, flrata, 32033.
jobbing, sales of fancy prli
toft
eiira
08
KUUS Ilccrlpta of tlna freah egga were light
ana ino mirnti ruieu firm
mand. Quotatlona follow!
BAR SILVER
Commercial bar slher was quoted In New
fork at C7Tic, oft ',5c
In Indon bar silver today was quoted
at 32B-ld, off LlCd.
NEW YORK BUTTER AND EGGS
NBW TORlt BPt. 12 MUTTER Hecelpta.
B,21. Fair trailng. with market allatitly
ataaiHer oa Dearly all grades. tHata dairy; aoVi
ta.
teady to firm, with
amw ytt9r, aver
ataatHcr oa ocarur all gradaa. a
fair trading. Jeilra, M37c; p
i olbcr gradaa taelHiaged,
LIVESTOCK QUOTATIONS
fHlCAOO. HI., ,BPt. 13.MOOH Reat4a.
laCalU; tHaBTcVVa, atruia IU 4 WO tWPWW,
i wvtcwvrst fVafaW'a
1U.UUV
ainxwl 'and
mmsw
r.fetJt,
ti-n
aU'TaaXvs,' ftVil
i,ptklft!tft
13M baa
me aad
Kxtrs fer 9htfirfk AriaaxM Ce.
kaWT TfOJUC, sVtiH. 11-Tta MtatltMk
riaaVa, Company gaactmraial Us isTiilar
quarurly aMyjaUaaf of M caMsta anal an
urn. 4UvieM el 7a cawta, jute
it te stock: of re! nawlla M.
rm under1 a good le-
jwi in in ra.a..
nearby eitra. Bio per dot.: nearby nrata, lu.uo
per atandaru caae; nearby currant recelpta,
ID. 00 per caae: weatern, axtraa 35s par dot,!
weatern extra nrata, 10,1)0 per caaa; do, nrata,
19. 3(101). tl par caae; fancy aeleited candled
freah gaa avera lobbing at 89041e per dot.
CHRKfiB There waa a fairly act he demand
and with, atrongar country advlcea prlcea ad
vanced U0tic. OnVrlnga were light. Ouola
tlona: New York, full crram. fancy, lli 02Oc;
apeclala lilghari do do, fair to good. lDWJUlici
do, part aklma. 11017c.
POULTRY
I.IVB Offerings et dealrable stock were mod.
erata end the market ruled ateady, but trada
waa nutet. Quotatlona. Kowla. aa to Quality.
Ititt 021C! rooatera. J4015c; aprlnc rhlckene,
Kuvwruiiia ,u tiuaiitr, itcii
over apiece,
altea.
quh
IB
ng to Quality, weighing 14 03 Iba.
Mir,-r, MUac
"n'A
iDlece. 2J02SO1 aurlnir rlilckvna an.ll
:ea. Iu021ct whlla lahorna. according to
titty. 18021c; ducks, sa to alia and quality,
017CI pleeona. old. par pair. 2O0"Si-: Ael
yoDVi. Pf'.Palr, 18021c '
""".""'.T' rnaran ruiea nrm w
nand abaorl'lng tha otferlnga of dealrable
;ullowlng ara tha quptallonat Freah
if
ma
Kill
dry-packed
fuwla.
Ith do
I .tfulr
Frah.Vllt,l
box. C.-y-plcked,
f
fiULE
UJIIII
BELTING
Ym Are Sure e
Yowt'Power
IlVYou Us th Cslebratad
Bond Leather Belting
Every Inch Is Thoroughly
? Guerenited
CHARLES BOND CO.
Waval Order J)iixlt mud
iiiiii
am S
4 Public Utility
flf1 Securities
as Bank Investments
As so many individual, are
influenced when selecting their
securities by the way banks
invest, we have prepared a
summary of the reasons why
banks are now buying public
utilhy securities so extensively.
Write for a copy of this sum
mary, No. 429 (M), and a list
of bonds, short term notes and
preferred stocks "we consider
desirable for (conservative investors.
William P. Boflbriglit & Co., lie.
HOBHI9 W18TAH STROUD, Jr.
Manager
437 Chestnut St, Philadelphia
New yark BoaUa Detroit
tonjwi Farts
WtrMam P. Bonbrlsht Co, Bosbrlgnt Co,
ELKINS, MOKRIS & CO.
. BANKERS
191
Und Title Building
Philadelphia
High Grade ,
Fetwsylviwwa lax Free
RaSre4l IWi
Jta!
PHblic UUKty Sottsis
vt
NaVW V4MMC kfm W44tA4aUlllA
VmimT or tfimpmAtn
tmwiejawi
fri)
STREET LEARNS MAJORITY REASONS
FOR REFUSAL OF CONDUIT CONTRACT,
nnmmlqsinnGr Macreo Savs Agreement Between Koyat
and Philadelphia Electric Was "Too Highly Specula
tive'Trading Better on Local Change
waste on tha part et a Utility snterW,.
nrctssnrlly rests upon tha consumer tKktt
In high rates or poor sinrlco.
Jleg-ardlna- the failure, any condltlora a.
4m 41.A nrtnH nr lima In ..tAu ..
head wires nre to bo burled, it seems la
vl.ail. that mnfym AmntalA. 4.. . -a
--"--"-- -"-r,,"'- ".""""' m"
Tha first direct reasons for the refusal
of the Pennsylvania rubllo Scrrloa Com
mission to sanction the leasing of the un
used conduits of the Keystone Telephone
Company to the Philadelphia Electric Com
pany, the declalon of which was announced
on last Friday, were learned by the nnan
clat district today, when a statement Bet
ting forth the majority opinion of the com
mission was Issued by Commissioner Wl-
Ham A. Magee. , .
In his statement Commissioner Mace
said:
"The contract la too highly speculative
to meet tho commendation of the com
mission, nnd In disapproving of It we
specifically disclaim any guardianship over
tho ablo management of the corporations
which are parties to It s
"Our concern la solely with the Inter
ests of the public, patrons of the Philadel
phia Electrlo Company. Under the con
tract a large part of the gross revenues
of that company, paid to It by consumers
of electrlo current, would bo paid to the
stockholders of the Keystone Telephone
Company.
There may never be a elnglo foot of
tho conduits used, but nevertheless there
must be paid annually 3100,000 1 there may
bo a great amount used, probably enough
to absorb 3100,000 per year, perhaps twice
as a fair rate upon tho Investment.
"In either event the public, the patrons
of the Philadelphia Electrlo Company, will
bo mulcted for a long period of years. Any
,. .17 .18
it ................ 4H 4J4
Ion ........... rt 5.
r. d
a a,2t ,21
03 .87
' LOCAL MINING STOCKS
TO.N'OPAII STOCKS.
ma. aivm.
Jim Butler , gs .no
MacNamara OS ,0(1
Midway 2H .so
Mlinah Cilenalon ua .21
luontana ,, ,,,, ..., .23 .2S
,urii mar ................... ,. .if .IV
Tonopah Katenalon
ionopan ftliniDg
ll-acua Kula
Weat End 03
OOLDFIELD STOCKS
Atlanta ...
Hlue Hull .
llooth ,..,
JlUllOOg
C O D
Combination Fraction
UlamondDeld Ii 13...
j;jsy t
Florcncd ....,
ColdDeld Consolidated
uoianeia jMerper
Jumbo Kxtenaton
Kcwanai ,
Oro ,
Hand Km
Silver rick ....
. MISCELLANEOUS,
Arizona unite a
Oyp Queen . ..
Nevada 11111 ...
Navada, Wonder
Tecopa Mining1
.
i 0!) .11
02 ,03
12 .14
i (It .02
.... .0.1 .04
01 .07
.... .02 .03
02 .04
4n .no
77 .mi
07 .OS
38 .40
on .11
04 .03
, 04 ,03
I.... .22 .21
ua.
.... .30 ,40
S ..10
.... .24 '.20
....2.03 2.11)
10 .12
NEW YORK COFFEE MARKET
NEW TOniC, Sept 12. Tho market for
coffee futures this morning opened un
changed to 2 points higher. Trading on the
call was Inactive, with sales amounting to
E00 bags.
iv i ' -xoaars Teaterdaye
September
October .
November
December
January .
February
March ...
April ...
stay
Juno
July
' T
...........
Bid.
close.
4:28'oVa'd
.'4d
b'.iiiii.'ii
.'09fl.6O
ClOMA.
.3S(U.3
n.280O.S9
9.29WB.30
0.20 til). 27
o ao0.ai
9.89O0.40
0.44UD.4S
I Ml). BO
D.4HS
V.Z.K
11.50
'9.63
9.00
aa
burying of tho aerial wires over t b21
period of years, say rive, seven or ten va.74
unless the Philadelphia Eleetrln rvT",'fl
from time to time, shall obtain the eorlilsS
of tho commission tn ri.lav .. "li
shown." ' ""'-.w
The earnings statement for Auruat i
tho Keystone Telenhnna ri...Viv,li
came out today, showed a contlnuiuoafai'i
tho Increased earning over last ii
which have been reported thus far I
fiscal twelvo months. Tho gross r
, It, -H -.-.. .. .MMa
.ui,.tf., uu iiiiciisQ ui, aua. ii;ijrrit mntiiLJT-
ine comrnci iiiwjuiiib lor ine " T
gross $963,216. Increase 104,061: net in. '(1
SCO. which Is J24.998 abovo the same iHul?
month was $122,473, n gain of isuii i7a
increase of 12CJ. Eight raoVtS!
of last year. '"""J
Following tho better market in w ...
tho Philadelphia stock market ahowed nwlil
activity today, with prices g'nerally btttiai
inero iraa a continuation of tho burial
movement In Lakn (tunorlnr. ovi.t, . .!"?a
yesterday, that Issue being tho most aetlt.
of tho home stocks, nnd the price was i
4"an,A,t (wn tuilnl. 4...a ,,. . . ".S
tarvtnv htlt nnrt nf 4.a mU . ... . '"a.J
afternoon. u aj
Aa far as activity was concerns,. tr.i...'l
States Steel common held the center of tall
.. ....v...0 "vt new iuii marie
105H. A gain of 114 was rcglsured !ll
Kicctno storage Battery.
"51
September Invest
ment Suggestions
Our September Investment
Circular Is ready for distribu
tion, and will be delivered on
application.
In addition to the display of
many attractive Bonds, the
circular continues our series
of explanation of banking
phrases with a brief discus-,
slon of
Jhe Investment
, Return
EDWARD B.Smith &Co
Est.susiikd 1892. s
BANKERS
Mcmhtrs Ntu Yorfc and
riCladetrMa Slock EtcKmot.
1411 CmuTNtrr St., PniUDixrnu
30 Pins Sntss Niw Yoig
IP YOU WANT CAPITAL
iS...0!?0? ?our nterprlsa. obtain a cor
V?Z2? .chari?r'. We can, turnlsh on under
of ny.Stata at amall expenao.
Corpnrata Manual mailed ire on renueat
U. S. Incorporating Co.
mtAKCB pniLDrxo. rniivDEi,rniA
For Business Men
and Women
H
Kylj t lw I we
ilk.
f7" The General Revenue Act is
an omnibus bill. It taxes In
dividuals, Corporations, Estates,
Munitions Makers, Beer, vines,-
.looacco, Brokers
(Stock, Pawn, Sh!p, Custom),
Theatres, Circuses, Public Exhi
bitions, Bowling, Billiards.
It provides for new duties on
'dyestuffs and printing papers,
for a tariff commission and
against unfair competition.
We are publishing the com
plete text and analysis of this
act and also of the
I Federal Child Labor Law-"
This comrjlete volume is not:
f 1 a . as
ior general aistnoution, but w;
requested we shall be glad toj
sena it to tnose wno are especially 1
interested.
HM
Chestnut at Second Street
Corn Exchange
National Bank
a iuiauci)Jlua O0W
i p. i IT'
'ill
Free of Pnnfyfiana Sinter Tax. -"--
Exempt horn United States Covernnitnt Income Tex.
Legah Investment for Trust Funds in Pennsylvania.
Eligible as Security for Postal Savings Deposits.
NEW ISSUE
$120,000
Warren County, Penna,,
r - 4Z OL RriVLr. nX.
f fV ' "W mrrWJtm
,
r
Due from Jaly 1, 118, to July 1, 1831.
'.
rirlc., lo yl.M f,0 3.W to 3.98 .cerajx to a.turity.
Toil elsM Mly i.4o0 ef Aieeee4 Valuatie.
Le.Mty zpfrti by Ueiin, Townicud, KHott and Munop, of :
Prises and Deserhtien. Upen Xmpt.
Graham 3c Co.-
BAHiOUU
4U OiMiMt Xf
PLat.Jff. fc
r
'" Tf5li