n
mmXlm LEDOEK-PHILADELPHIA, THURSDAY SEPTEMBER 14 1016
.
it
FINANCIAL NEWS
.WALL STREET STOCK TRADING LARGEST
SINCE THE BOOM TIMES OF 1898 TO 1901
Mmriy Issues Advance to New High Re lords Business Is
So Rapid That Brokers Fail to Execute
' Orders at Stipulated Prices
High Points In Today's Financial News
Stock market strong, Many shares established new high record. Trad'
fr en New York Curb largest m history. Cotton itrong, Grain was better,
hut went off on realiting. French exchange itrong in foreign exchange
metrM. Several companies declared extra dividends. New Jersey Public
Utility Commissioners permitted Erie and Lehigh Valley liallroada to mug
bends. Bank of England lost bullion. Price of bar silver higher in New
York and London.
NEW YOIUC, fiept. 14.
It -mn a day of days In tho stock market. Operations brofco nil records,
roJnjj back to tho McKlnlcy boom time of 1898 to 1901. In tlio first hour there
trere CW.O00 shares traded In and almost exactly nt 12:30, the end of tho Drat
half e-f tho day, tho l.OOQ.OOOahare mark was passed, and by 2 o'clock tho nalcs
ItbmT close to 1,300,000 shares,
lMco moVcmcnts were so very variable that brokers called much nt tho busi
ness churning, but this was duo to tho fact that while the public was buylns
on a lu.rre scalo big Interests wcro realizing profits, causing udvoncos In somo
Issues and recessions In others.
The widest movement was In General Motors, which, In the forenoon, ndvanccd
to 7B0, tho highest price at which any stock over sold In the regular way on tho
New York Stock Exchange.
On May 9, 1901, sales of Northern Pacific, which wero mado at 1000, were
for cash, with tho stock selling regular at 700. There may havo bocn days since
when the Stock Exchange transactions wore larger than today, but thero has
been no time In the Intervening period In which the volume of tho buying orders
was larger.
Tho demand for stocks came In such volume that only a part of tho orders
could be executed, as prices quickly possod tho limits fixed, loavlng tho ordors
unexecuted on brokers' hands. Now high records wore made In many stock.,
with United States Steel common soiling at lot, Heading crossing 114 and Marino
common advancing to 50 and the preferred above 126.
The movement In Marino common was n surprlso to tho Inside Interests.
AH they could say about It was that now buying had appeared in such volume
as to take control of the market nltogetl ir.put of their hands, and they had
no reason to offer for the sudden change from weakness to strength.
Industrial Alsohol mado a gain of more than G points, and about tho same
amount of advance was recorded in Studebakcr and New York Air Brako. Tho
minor steel industrials were active and strong, but were led on advances by
Republic Iron and Steel, In which thero Is more public Interest than In any other
Issue in this group.
Crucible Steel again reflected the contest for control. Tho denials that Beth
lehem was seeking control caused a decline early in tho day to 91 V4. but In the
afternoon the price crossed 07.
The strength of the market was considered all tho more rcmarkablo becauso
of tne fact that realizing has been In progress .on a hugo acale for many days past.
Since Monday morning one group of large operators Is known to havo thrown
wore than 1,000,000 shares on tho market, including more than 100,000 shares of
United States Steel-common, but that stock advanced from below 104 while ths
realizing was n progress, and tho manner In which It acted Is regarded as demon
strating the great absorptlvo power now found In tho public demand.
New York Bond Sales
I Moon
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Sn.'iiin
2iyo
WW
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290O0
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71MHI
snoo
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mmo
34000
vnr
IMlOll
5.IITIO
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4000
SfWO
lono
GJO00
food
ljouo
7000
S30OO
KHlOfl
loon
ROOD
40O0
siooo
100(1
1000
auoo
20110
UOOO
(low
SOOO
r.Don
1R2000
loon
loooo
UOOO
loooo
IIOOOO
12000
itmii
29000
134000
auoti
KlOno
H'tOII
40000
, fUW
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2000
7000
400(1
6000
1 ll.l.,. I
1.1IHHI
1000
3l)CHI
700(1
317000
sooo
2000
20OO
10000
soon
4000
101(0
10000
High,
Jlmor fVtt nit fta ..... lit
Anslo-lV, .... ...... ois y
Am Ffirtimn km urn. . ltv.t V
Am-r Hmrll Km fl..liSH 113
Am AVrl Pn ft. 3 R'l
Armour Co 4H . . .. u.1'1 lisVl
AtrMaon urn sa. ..... w V'iS
ttoyf, Clnae.
All tlT
- ii..
.m
la..
41 Irl V2S 83'i
Ichlnon cv 4a lDOO .I04 lOS'i H4Vi
la I Ohio SVta IWi 02S WMi
la t Ohio tit Unit! 1'"'. I "OS
mil a nw 4a.
I
la t Ohlu cr 4H., 4i K4H tiJ4
Halt a O ifr,n B'ia KDti ?P V
litlh nil rfd an onf lhoj, lnoj.
iirrcRirn it i nt. . . . luiiva
Can lov r.a 1U21.. ,.100..
do 2ft im;;
do insi. ., mitt
Cal O fcl Ja., ...... imS
Cent !alhr. lit km . lo.'S
rnt I'c lat 4a. .
Chill Corner 7a I!li
Chfa On conr t,t ,, -M
I'M A Alton SH ... "lt
Chi II Q Joint 4a 7,
Chi Mil Ht V dlv 4a VOW
Aa umn 4a..... Utl
do conv fta ,..,,,,,1oOS
Col A Hnuth 4S
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ii
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103
12SH
4"'
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no
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Chi n 1 A ! rfd 4i.. 71H Jt'4
do Oa 60S BOH
C liicltiatrlal f.a . . 0'k MO
'umprlnd Tl B,
Dla sur Corp fii
Krl conv 4 a Br 1
Hud A Man In Sa.
do rfd 3a .,,...
Ill Hlffl dob 4Ha.
In unt riq ia,,,,
nterb II 1' rvt Sa
SHU
.100
m.. 7S
Her II,. 8JU
u;:
viS
lnti-r Mrr Mar ct 4Via.lpO.. low.. 100,,
. do w I .7H 7V4 ,li
Intern! Taper tla 102 102 Ibi
nier Ave a .... ... Ta .x u
.' .. f.... u.. ... AoU AaU ilMkl
o! ioo
T.1
Kan City Ho lat Sa... OHS
Lacka hit eel Sa 1823. .10OH
do Sa 19.10 ,..,,... 0,1.
I.k Sh del. 4a 12R.... Ui'.i
I.IK A M T r.a 102
Manhattan Sta, 4a.,.. Do.,
Mex 1'et Co (la Bur C.liott
ai Kan t ria 4a,. , in
7s
looj
4l
in(-
liri lQi
iiHM i!8m
do 21 4a . ., 41 4AH 4M4
Mo Kan A T 4H- ... 41H 414 414
Mo l'atino con Oa....lol5 loll, linji
N Y C A Hud 0a.,112'i 112S 112Vi
s
do 3Ha U2.
do con 4a Hi'
do cq Sa 1010 100'
N V CKv 4Un 10(13.. 109
(In (U, 1(1115 110
do 4Vi May 1057.. 100H
X V Clia II A l" 4a... M"
,N Y Itwy ad r.a.... SO
N Y Tel cen 4tta... 07T4
Nor l'ao prior 4 ... tllja
Or- Short I. ref 4a.. 02U
fire W II A N 4a..., ml,
Oro A Cal S 101
l'.dtin Tel 3a let .
Itearilnir ren 4a (
Hendlnif.Tcr Cent 4a.. Of Mi
Hep lr A H It 0S
Illo Ur A V clt 4a ... 73'k
Ht I, A 3 h" aa wl., b3U
So l'ac cv ret I p SattliUn
nouin itwy con ba ...iui iimi1.
Texaa Co cv Ha 103 lO.Vi
U H llubber (la 102i lO'.U
If U Ulml m 9 Km 1 lKK. IlinW
IT K of U 111 r.a. OS 13-1(1 0K 08 13-tO
union l'ao rra 48..., nuri hun nvirf
Va Car Ohm lat Sa.. tM4 VSi uHl
waDonn za oa nn
Wnb.P T lat i( f n 4 n4
Wrat n A M cv Ca nta.loo!)
do 01 127
West t'nlnn 4U a 11(1
Wrat Union Sa 10H. 101?; 101
2
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looH
HIHH
loo.S
looft
4t.
83'i
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1124
sxs
101
111.'
tisvi
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73f.
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127
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1004
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sw
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101
111 J
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li.4 1
101
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lll'j'v
10.1
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Local Bid and Asked
(
Today
Bid. Aiktd,
Toledo Machine Declares 5 Per Cent Extra Dividend
TOLEDO, O., Sept. 14. Tho Totedo Mnchlno and Tool Company has declared
an extra dividend of C per cent In addition to the regular monthly dividend of
S per cent ' .
Erie and Lehigh Valley Permitted to Issue Bonds
TRENTON, Sept. 14. Approval of a bond Issue of $2,380,000 by the Erlo Rail
road Company was given today by the Board of Public Utility Commissioners.
The Lehigh Valley Railroad Company was given permission to Fssue $B85",000
of bonds.
Extra Dividend for Phelps, Dodge & Co.
NEW-YORIC Sept. 14. Phelps, Dodge ft Co. have declared the regular quar
terly dividend of $2.B0 a share and an extra of $o,G0 a share, both payable Septem
ber 29 to stock of record September 19.
Colts Firearms Declares IZVifo Extrji, Dividend
HARTFORD, Conn., SepU 14.. T1o Colts Patent Firearms Manufacturing
Company has declared the regular quarterly "dividend of 4 per cent and an extra
dividend of 12V4 per cent. Tho last extra dividend was 10 per cent on July 1.
nnldwln
Hurt and Huq t c S2i
do pref S3
Iirlll J (1 87
Klcetrle Stormre i V
Ueneral Aapnalt ... 29
do pref on
Keratone Tel IS
do t o, i 13
do pref 08
I.aks Hup Corp 124
Lahurh Nov 7U
l.ehlirh Valley Rll
l-ehl.h Valley Tr 204
. . 4H
iln nref
Pennaylvanla ...
2'hlla Eleo
l'Mla Co
do 3 per cent pfd.
do (I per cent pfd.
r n t t o ..,..,
iieaamir ,
?.' ....... . . ,
M
0
37
Did. Aeked.
no 804
(iA ni vi
Si) .13 SO
BS 3R 3K4
(18 1174 8
804 2S 80
70 n4 mi?4
1SJ4 13 134
13H 13 1814
(III 08 Ml
12 114 lli
7J4 70 7(1H
SOW 80 SOU
4SH 48 434
lis SSj; S3J4
58w 88' S
nn 87 mi
Ton He
Ton iln
Union Traction
3
Steel Illllll Kill:
York linry 13 18
do prer S7 37
Wra Cramp t c M.'lH 85
u a i .
u a
40 404 40 40
20V, 20 204 20
1124 1124k 111 112
4 4 7-10 4S 4
.L' ,,f .1' a
48 4B" Uli
hHK Hit K4
NEW YORK STOCK SALES
Itl.h.
out
17
3SH
r.7
16
74
2T.i
81 K
KIM
05H
rou
US
O.H
liovr. Cloaa.
03'i OiK
La at cloae.
Acme Tea pf 05
Adr Rumely 14
Adr numelxpf 32H
AJx itubtx-t OH
Alaska ((old M 15H
AluVaJfloldM 7i
AlUs-Cbalmrn Mfr '.'04
AUtj-Clnl Mfr pf 604
Am A Chemical 60
Am Heel Mijar U5
Am' Can.... ffi'i
Am Canpf... UH
Am Cn & Fdr. 05
Am Coa I'roducts 1WWJ I.HU
Am Cotton on WIS K
Am Hide a Leather 12(
Am lIUo 4 L pf OIU
Am Ice tcutltles., 294
Am Llnaoel '!
Am Llnjeed pf 53
Am Locomotire W)f
Am Smell Kef 108H 11)0
Am Smelt & It pf 114 IHU
Am Smelt pfO 81)1 8fi
Am siel KouiiJrlet..... 07 'Oh
Am Suiar ItefinlDZ 1 1 1 tl 1 1 1 H
Am Tel 4 Tel 1324 137H 1-12U 132H
Am Tobacco ,....221 2214 J21H 22)4
Am Woolon W)'J
Am Writing Ppf 32
Am ZlcJL& Sra. ...... 30)(
Afiaoonda Cop M.t SO
AtebTop &HF ittlji
AtcbTop 4 8 F pf 09
AUCull 4 W I O.Vi
ail CI ft W I nf (.0
KaWLoeo WkJ MU-OVi ,80'
tWV UWO tr hun ,BO no
124
I15U
29U
Mi
824
14
32
C04
154
7f
2f4
60Jf
804
P44
014
115
1154
151
54
1W
B5M
29
24
53U
80
17
354
07
154
7!t
27
MK
24
044
MM
115
B0)f
1MH
MU
UH
851
29W
24 K
MM
RO
IIIS4 109
IHU lH!t
51 80
58 594
ill 111
um i'ii 4s
314 --il4 314
404 394 40
894 804 894
104.4 1034 104
09 09 09 J
t)&. 93 , 034
09 tiSlieg
034
80
....- a. . ri . err. e.ai afi
aensieaeta avxi.. ...... vi uiu ufc utm r
Butte & SuprrV-jr CO'i 70 OOff .70 '
Cat relroleum, 2W 214 314 214
Cal Petroleum pf....... 49W 49 49 49
Canadian 1'acirio. 177J4 178 178 . 178
Int M M pf
Laat cloaa. llllh. Low. Cloae.
of rip liMU 1.54 tJllU 121!i
Kan CUT fouthrrn 25
Kelly fipnni Tiro....... 81
Krnnreott Copper. i,.... 544
Lack Mn Co K44
Lake Erie A Wer. 18
Lake Kill & W pf 42
Lehuh vai.ei .... S.I
Iose W III! 1st pf 804
Lou v o 1284 128
Mvkay Cos pr 07
Mui . Motors,., M4
Max Muton 1st pf 86
Mai Motors 2l "f 50
May Dent Stores 01
Al(lcti I'e rUeum 112U 1144 1134 114
Miami Copper 47 37 37 37
Minn Ml'iSSll ...122 1214 1214 121M
Missouri Pacific 4 4 4 4
Mo Par tr els 4 4 4 4
Mol'acwl 22 22!t 224 22W
Mo Kan 4 Texas , 44
Kal Knam h 'Co 29
Nat Lead Co.., G9U
NT Con Cop 224
25 25 25
82 79 411
544 54 54
xii nr so
l 18 18
434 434 434
WW VJ)f 804
804 R04 804
128 128 128
CO' 4 G04 004
Odjf Ml 804
87 80 8H
50 55'f 554
Gl 01 01
,03
214
. LOCAL MINING STOCKS
TONOPA1I HTOCKS
Hid.
Jim Tlutler , .88
MaeXamara 03
.Miaway .. .2n
Mlzpah Extension 20
Montana .23
.'Nortnern Htar 1
Tononah Ilelmont u. . 44
Tnnnnnh V.f.n.lnn ...... RV
Tonopah Sllnina S
Reacue Eula ........... -.22
Weat Jlnd ..i .07
GOLDFIELD STOCKS
Atlanta 01)
nine nun oj
llor.tli ., 12
llulldor .V i... .01
C O U 03
Combination Fraction 00
Dlamondlleld 11 II 02
Daisy .02
Florence 43
Uoldneld Conaolfdated 73
(loinnel.l Meraer 07
Jumbo Hitenalon 80
Kewanaa 10
Oro 04
Hand Ken 04
Hitter I'lck SO
MISCELLANEOUS
10
n'i
43
804
NATIONAL PROPERTIES' SUBSIDIARIES
CONTINUE TO REPORT GOOD EARNINGS
August Gross 17.80 Per Cent Above Last Year Profits
of Tonopah Belmont and Jim Butler Not as
Large Spurt in Superior
Subsidiary companies now owned or con
trolled -by tho National Tropertlen Com
pany continue to report stood earning. The
Kroas for Awruat, the figures for which
came out today, was $791.4578. As com
pared with the same month of last year,
this Is an Increase of I119.0C3. or 17.10
per cent. For tho seven months ending
with August the grosa reached a total of
U,82B,0S4, an Increase of II71.07S, or 17.61
per cent over tho same period of tho
previous year.
Net earnings of the Tonopah Belmont
Development Company and the Jim llutler
Mining Company In August wero not ns
large ns In July. For August. Tonopah Del
mont reported I02.C3B. This compa.es with
$107,000 In July nnd $116,147 In June. Jim
Htltlcr's August net was $24,296, compared
with $25,124 In July and $22,829 In June.
Trading on tho 1'nllndelphla Stock 1.x
change today was tho broadest In many
Aaked.
.00
Clypay Queen
ieaaa inn .... --
Nevada Wonder 2.0.1
Tecopa Mining .10
44
30
724
!.!
New York Air Hrsko . . ,1424 140
44
29
70
224
143
44
30
724
21
143
Central Leather 034
Cwttal Leatlior pr lit
Cfcaatfkr Motor ,...111
Okt Oiilc , 02
Cab Northwestern...."
CCC & StL .63
Oil K.1 fac,. ,. 174
CMta rower 20
Cftaai) COfeptx 504
Oat fl A Iras 524
Cast T Rec Co 444
CtMONdated us 137
ChU ELAl'B!,.
Oaatltaintel Can 94 10J
OavOaMttal Can pf 107 1)0
CsriKcuKt 154 174
-Cmftat ., 9J 074
OnwfUeJJlwa pf,.,....ll94 120
CufeM-Aai 84nar,.,.,.250 250
Cak4 Case, Swr, ...,. 594 OOlf
OtW Case btwaf ..,.. Vd
Oaawa A Cf 60
vttt & Hu4aoa.,.,,lfi2
iVtr HtoOr.,,..., 144
it.awiK jh. ,..,., jo
lafi CWaVa..,..,. 47
Lf.f Uif
;A4tlrf.,...,. fOH
HY
tlai pi., ............ MH
fM iM, ..,.... 38
iafaaa (.,..... -hi
f 1
044 OlU 024
114 114 114
Jl) 1004 110
02)1 014 fii
12V 1244 125
6.1 53 A3
174 17 17f
20 20 20
504 50 501,
55 534 534
44 44 44
1374 137 1374
1114 1114 1114 1114
99 1U14
110 110
104 1S4
03 024
90
91
151
13
344
4;H
02
10
374
Aaf
41 -
'JM'f
1194 120
250 250
5M.
91
5i
13
MH
474
00
.10
371,
mi
4t
U
584
UO
91
151
13
314
4S4
1)2
10
37U
Met
44
34
New York Centra. l(m 1004 1054 '004
N'Y N II A II 60 01 -5v '594
N l O 4 West 204 274 274 274
New York Dock 94 154 154 154
AorfoU er Western 129U 130H I2n't 130!
North American 03 094 C94 094
Northern r-aclflc 1104 1104 10J4 1104
Ontario Silver M In 74 74 74 74
Tabst Urn pf 85 824 824 824
facifiCMall 294 204 tf 2D
IVno Kallrjad 554
I'Mladelpoia Co 384
IMtti Coal Co N J 304
Pitts Coal cot dp 294
1'ltUCC & Ht L ,. 804
frtssed b car Co 9
Presaed H C Co pf 1004 1014 1014 1014
l-ubb Corp'a N i 1334 1334 1334 1334
QuIckiUrar 34 34 34 3't
Steei Sp Co 62 524 524 624
Jt.j con copper 20 204 -ii 204
Ileadlnf 1114 1144 1124 112
llejJInj lit pf 424 43 424 43
Ileadlnf 2d pf. 454 4S4 404 404
Ilepubllc iron & H 004 091 064 lit)
tJoatArltCop 304 31 31
Bean, Hoe & Co 210 210 210
Seaboard Air Linn,..,.. 144 15 15
blou-Sbef a A t Mi 004 68
bViutn IVrto It Sujar ...180 1884 1 81
554 55: 654
394 394 394
31 294 31
314 304 314
80 80 80
004 694 004
Prairie Oil Extra Dividend
INDEPENDENCE, Kan., Sept. 14. The
Prairie Oil and Gas Company today de
clared the usual quarterly dividend of 3
per cent and an extra dividend of 2 per
cent The extra distribution Is unchanged
from that made last July and last April.
The dividends are payable October 31.
bIa7
w
PUBLIC SERVICE
SECURITIES
Securities
success of
984
M4
09-4
V34
39
4
4M4 474 484
173 i;
1.
.'
IMa4fMf.
$,,'.;,,.,.,. n
If W-.....-. 113
MIMtt H
.mr- 70 715
-ei if e-;
l..M
i ft M ..- HH
!.M1!
.-.,.,101
OOd. , Ua
; AjrtSWMISa It.. . 61
Hr 14", 7
UfarTM. ittm
U4M
"f'---- T""
Mffl
mamBfag
XM 1724
13 760
IM IX IJ7H
w a S
iiaw iia liiH
atfli Ju mi
K.....U4 liTM 1I4W ItTM
''" 7i" 2 Su SI
ST B" IT
W7X Ml( 91 H
IM J U 1W
W
UXIH WH 1UI4
Uh Oi IH
7$ Tl 7
llo4 1164 1MM
if i -
mh mt tmi
& W &
Soutbern 1'acllic. ...... 984
faoutnrrn Ity ,., - 'i
Southern llv nt.. i7'
St LouU Southwest pr . . 37) i SO 3!
JJtuaeuaaer Co.. .....129 1314 l.M
Tenn Uoypit. .,......,,. 204 -"' -,ll
leiaa Co, ....,. ...,.2it .1)0 2014
Third Annuo 014 014 014
lobacco J'riuneH,..,.. 504 "'U)l 50
Tobacco Prod pf. 106 101 101
Under Tpuwr Wt 1U1 lot
Uniou Ua .v Upir.... 104 oV 94
Ijnlon Ut A V pf ,..., 58 59 59
United Cigar WlorfJ,..,.1094 10J 102
LmtcJ fruit ia H 1014 Ml
Unlou t'ucittc ,,,..112'! 113 I J. MI
Union rtcflepf . , n . f '(
OaUI i'K. ,..,., 23i 2H 33
0 a lod AleobM 1394 12. i I2J
U 8 Kaallljr Mluip,, . M J) 39
U 4 j.UOJl'I . ., )- ui4 III
U riSu ( .t it.,,... Mi m
U a HMft Oarp'n 1054 197
U BiN Cerp'n pi .,.1I0) 130
una co- .......... ! m
UtahSeMrUt mi
Va-Cuo C'bain.,. ....,,, .44
Va Itoa, Coal A 0.....764
Waun,. mi
Wafcajft pf A..,....olt
WaUuti U a..,, 374
Walt. faifO mp,.,....,134
Waal UiIW. ..,.,.., W4
WW M(inMt
WFW kJ4lH f
im
31
210
15
004
184
mi
244
4
39
U.
.'d4
-) 1 4
014
504
100
101
vli
59
102
1014
143
i'f
21
1274
30
4J
tm
..mi
::1
K......KH
,.,...,.ill7M
If
56
134
6l
JH
114
IM ,
IK'
105i 1004
U9 U9H
84 8H
194
U I
55
134
60
344
1444
WW
194
it
M
134
604
41
1244
U7
91
JHf
4M
lnj44.
WtttTleMals
WOfWQH.' B&L l.Jn Ahmwrir VUatac
JWWeJTy a i assjawfal a fjMSaavajr wva-
Public Service
are a lien on the
communities.
C Our Public Service Securities are
excellent examples or conservative in
vestments yielding a lii.n return.
C, From them you not only get a large
yield, but the a'turance of aafety that
comes only with obligations of highly
successful Public Service Companies.
C, We now have four different Bonds
that yield
lat 57o-2nd 5'43rd 5'2'i-4th 6.
C, They are well seasoned and have
bcea issued by companies with unim
peachable records.
C AVe recommend them for invest
ment, and will hand you complete data.
BeJcer; Aylirvg 6. bng
Land Title Bldg. Philadelphia.
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia High Grade
Pennsylvania Tax Frtve
Railroad Bond
Equipments
Bad
Ptiblic.Utllky Bends
MHMBEKtt
NEW OBK AN1J rHlLABBlVPHU
UTOPK KXCHANUasi
Selictri Secirittes
or
Prvfl Mirtt
s4 tor CtnHtar
MELLOR & PETHY
iumcial tim mum.
M aotjTH awoAO rrwoT
mmSmmmmmmmmmmm
Sales in Philadelphia
Net
chKe,
"
1
4) t
iifc
M
H
4
11.
V.
1
Hlah. Iw. Cloae,
10 Am Woolen B0 80 BOW
280 Am Can.. OS 0S14 '
8 Am Gas...ll 1 1
48 Am llys pf OS OS 05
100 Am Smelt. 108 108 10ST4
850 Anncondu. 00 (WW. 00H
180 Bald Ijeo 00 SO. 9
170 n & S t c. 81 8P,i 81V4
30 do pref. BO S 80
23 Hrin J a. ss s s
20 Cruclblo tit 03 03 03
20 Col 1' and I f.4')l S4 841
20 C J.eathcr. 03 03 03
4 Cntn. 2d pf S3 83 83
718 Woe Stor. 0H 0
t300 Trio 3V4 .1
200 Dlst Sec. 4B 47 48
ISO O Asphalt. 30 30 30
' 140 tlr, pref. 70 00 70 Vt
to In M&M ct 4814 48 48Tfc 1.
100 Key Seo .. 21W 21 21
100 Kcnne Cop 84 84 84
nolo Lk Sun Cor 13 11 18 i
10 Leh Nav. 70 70
10 Lch Val... 80 80
28 I.h Vol Tr 20 20
6 L. V Tr pf 43 43
41 Mlnchlll .. C7 67
80 Nov Cons. 23 23
070 Pennn. It It SO SS
230 I'hlla Uloc. 28T 28
1B73 TOT tr cfs 20 20
80 Rep lr & S no no
loo Itay Cons. 20 20
2103 Heading... 114 112
10 So Pacific 08 08
SO So llwv... 24 24
417 Ton Bel.. 4 7-10 4 4 7-10 1-10
70
80
20
43
87
23
80
28
20
2
days, the market In th's city followlnc
Wall ftreet. While all stocks did not movo
tip. the majority of them did.
As far as local Issues were concerned nil
Interest was centered In lJke superior,
which roce to IS, the hlnhcst point touched
this year, and a Rain of 1H over the clos
ing of yesterday, more than 10,000 shares
changtnc hands In tho full session. At
tho same time the company's 6 per cent
bonds rose 2i po'nts.
There was no new to ncciimt 'or "'
strength, but the feellnR la crowing: In the
Street that rhllnde IptiU will navi .. ..i i. '
representation on the board of directors
after the annual meeting which will bo
held on October 4.
United States Steel common was the
most active of the arbitrage group, and
had been the most actlvo In the trading
dtlr ng tho morning, but It was forced to
take second place In tho nfternoon when
renewed demand appeared for Lake
Superior.
Sugar Futures Decline
NEW YOrtK. Sept. 14. Tho market for
sugar futures opened at a decline of E to
il points, with Bales on the call. 14,000
tons. There was considerable realising af
ter yesterday's sharp advances.
Dank of England Loses Bullion
LONDON', Sept. 14. The weekly state
ment of tho Bank of Kngland shows a de
crease of 1645,860 In bullion. The propor
tion of the bank's reservo to liabilities Is
23.80 per cent ngatnst 23.86 per cent last
week.
oo
20
112
08
24
12 Ton Mln..
28S Un Trac.
38 Un O Imp.
0201 U H Steel.
200 Utah Cop.
8
45
80
107
88
100 Va Car Ch 43
310 West Elec. 04
6
48
88
10S
88
43
04
3
BONDS.
Hlah. Low.
S100 A G&C1 Es 03 03
SOOO El&P Tr 4a 80 80
1000 liar i:i Cs.102 102
6000 Int Ry 4s. 67 87
28000 Lk Sup 6s 88 33
2000 L Vgn 4n 00 00
2000 Lch V cons
HH 2003 00 00
SOOO Pa Co gen
4V4b ...101 101
2000 Phlla Co
cons Do.. 101 101
3400 Phil Etc 4B 84 84
8000 do Es ...103 104
SOOO Un Itwy
Inv 5b.. 08 88
1000 Wels Co Cs 00 00
Decrease. Increase.
48
88
100
88
43
01
Cloae.
1
Net
chce.
08
80
102
67
38
2
00
00
101
101
84
103
08
00
niKECTonv of accountants
Certified 1'ulille Affonntnnta
LAWKENCK IS. IIIIOWN A CO.
1015 rtKAL KSTATK THUHT HU1LDINO
September Invest
ment Suggestions
Our September Investment
Circular Is ready for distribu
tion, and will be delivered on
application.
In nddltlon to the display of
many attractive Bonds, the
circular continues our series
of explanation of banking
phrases with a brief discus
sion of
The Investment
Return
Edward B.Smith &. Co
EsTisuantD 1802.
BANKERS
Jfemtiere New York and
rMIatfelpMa Stock Exehanmi
1411 Chmtnct St., Pmi.iDii.rnu
SO Tikc BTitn Niw Yoik
INVEST IN MORTGAGES
AT 5.4
Recommended by
BEN T. WELCH
1328 Chestnut Street
Save Your Private Property
from liability for business obligations by Incor
porating your enterprises. Wo furnish charters
undftr laws of all States At small expensa.
Corporate manual moiled free on request.
U. S. INCORPORATING CO.
FINANCE DUILDINO. I'HILADEU-IIU
Inlcrnalionil Mercantile Marine Company
(International Navigation Compaiy)
NOTICE OF ABANDONMENT OF PLAN OF REORGANIZATION DATED
AUGUST 3. HIS. AND OF THE ADOPTION OF A NEW PLAN
To the Ileldtr of
Certificates of Pfpoult ef The New fork Trnst Company Depastur?
and Its Arentu, ln.ueil under the c.rUln Depoalt Aa-rcement, dalnl
Oetol.fr , 1014, lor Pour and One-Half Ter Cent. Mortae and Collateral
TrtiM Oold UoncU of International Mercantile Marin Company! ana
Crrtlnratee of llepo.lt of the Fidelity Tru.t Company Drpotltarr aaa
Ha Arrntii, U.nfd nniler the r.rtaln llfpo.lt Agrffment, dated Not.m.tr
18, 1014, for First Mortcase ainklnc Fond Fl Jer Cant. (Jold Beads of
International Navigation Company (now International Mercantile Marlaa
Company) and
Certlfltalea r Dfpo.lt of The New Vorh Trn.t Company as Depositary
and It. Aft-ent.. I.nued under the certain nan and Agreement at rear
sanitation, dated Aucu.t t, 10IS. for preferred and common atoek, or
Stork Tru.t Certiorates In respect thereof, of International M.rranlll.
Marine Company,
All nf .aid Drpo.ltfil Bond., Block, and Hlock Trn.t Certltlfatea are aew
lield by Hie Committee under lite rlan and Agreement of neorxanlsatlaa
of International Mercantile Marine Company, dated Autast 3, 101S and
To the Holder, of
Undenoalted Fonr and Onr-ltnlf Ter Cent. Mortraae and Collal.rai
r ., fl.1.1 llnh.la nf tHl..H.llnn.l M.rln, PiiMniinvi at. 1
.wi.. ....... .......... . ...,. .In, ........ ....... . ,. .
rir-h atnrlvaff. fllnktnv Piin.1 Ifl.M I?r Cnt. flold tlnnili nt Ini.....
tlonal Natlaatlon ComDanr (now International Mercantile Matin. "
Company) I
Notice is hereby given that tho Plan of neorsranlzatlon dated August J,
1915, has been abandoned, and In placo thereof this Committee has ap
proved and edopted a Now Plan for the readjustment of tho debt of Inter
national Mercantile Marine Company (hereinafter termed Marine Company),
which New Plan has been prepared and adopted by the committees repre
senting respectively the preferred stock and the common stock of the
Marine Company. A copy of the Now Plan has beon or will be filed with
the Depositaries and their Agents acting under snld Agreement, dated
August 3, lt'15, and notice of the nilng thereof is hereby given by publica
tion ns provided by said Agreement, dated August 3, 1916. All holders of
Certificates of Deposit who do not, within ten days after the lam publica
tion of said notice, notify In writing the Depositary or Us Agents Issuing
such Certificates of Deposit, that they do not assent to said New Plan
will ba deemed to have assented to said New Plan, and will be bound
thereby as fully and effectually ns It they had personally, Individually,
and nfllrmatlvely assented thereto. Prior to the expiration of said period,
non-assenting depositors may surrender their respective Certificates of
Deposit, to the Depositary or Its Agent Issuing the same, and may with
draw the securities represented thereby upon the payment of their share
of the expenses of the Committee to date of withdrawn! as apportioned
by tho Committee, which has been flxod by the Committee at One Per
Cent., viz.: Ton Dollars for each One Thousand Dollar bond and One Dollar
per shore for each share of preferred or common stock, or Stock Trust
Certificate In respect thereof withdrawn.
iTnirinra nf tlio First Mortcuito Sinking Fund Five Per Cent. finM
Bonds of International Navigation Company (now International Mercantile i
Marine Company), and of the Four and One-Half Per Cent. Mortgage and
rviiintprnl Ttust Gold Bonds of International Mercantile Marine Comnanv J
who havo not already deposited their bonds with this Committee, may
obtain the benefits and advantages of tho said New Plan by depositing
their bonds, together with all unpaid coupons, with ths respective De
positaries of the Committee designated for that purpose, or their Agents,
on or before September 15. 1910.
This Committee will not receive further Deposits of Stock or Stock
Trust Certificates.
Copies of the Committee's circular containing full details of the New
Plan may bo obtained from tho Secretaries or Depositaries of the Committee.
Dated. New York, August 26, 1916.
UBFOSlTAItlBS AND THEIIt AGENTS
a
a
i
For Four and On-'JalJ.i?I, ,
Cent. Mortaaro and Collat-
era! Trust Oold lionda.
For First Morteaae Slnklna
Fund Five l'er Cent. Oold
Uonda.
For Preferred A Common Stock
and . .
Stock Trust Certificates.
Eecretarleat
C. B. HA.YDOCK.
20 Droad Street.
New York City.
T. HOMEIt ATHERTON.
825 Che.tnut Strfet.
Philadelphia, fa.
THE NEW TOriK TWJBT COMPANY. Deposltarr.
SB Droad Street. New York Wl
LAND TITLE & TRUST COMPANY. Aient,
Philadelphia. Pa. ""
OLTN. MILLS. CURRIE CO.. Aaent.
07 Lombard 8treet. London, Enalaad.
FIDELITY TRU8T COMPANY. Depositary.
Philadelphia. Pa.
BANKERS TRUST COMPANY,
14 wall Htreei,
New York City.
FIDELITY TITLE TRUST COMPANY, Arent.
Plttabunh. Pa.
THE NEW YORK TRUST COMPANY. Depositary.
xu urn.a street, new Tork Cltr.
FIDELITY TRUST COMPANY. Aaent.
rnuaaeipnia. fa,
ADOLPH DOISSEVA1N & CO., Aaent.
Amsieroam. iiouana.
ril.TN. 1III.1.H cunnin
OT Lombard Street,
& CO.. Aaent.
jxraai
on. Enclaad. J
nnnHmjinrKR. MII.I.ER
MORQAN. LEWIS
POTTKR EARLB.
UUUlvlUB.
Counsel.
OTTO T. DANNABU,
ANDREW 4. MILI.KR,
FREDERICK II. 8IIIFMAN,
SIDNEY F. TYLER.
ALDERT II. H'lOOIN,
U O. MYERS,
WILLIAM r. OEST.
T. DeWITT CUYLBB,
SAMUEL F. HOUSTON,
CHAHI.EH D. NORTON,
GEORGE S, nitEWKTEB,
IILNJAMIN THAW.
Committee. A
i
NEW ISSUE
$3,000,000
Crew Levick Company
I9SI
FIRST MORTGAGE 6 SINKING FUND GOLD BONDS
To bo dated August I, 1916 Due August I,
Interest payable February 1st and August 1st
Coupon bonds In tho denominations of $1000, $500 and $100 reenterable as to principal.
or exchan&oable (or fully registered bonds v
Callable as a whole or for the Sinking Fund at 107 and accrued Interest
Authorized Issue $15,000,000 Presently to be Issued $3,000,000
' COMMERCIAL TRUST COMPANY. PHILADELPHIA, TRUSTEE
n-,.
J
4
' I-
- J
Free of Pennsylvania State Tax
Interest payable without deduction of the normal Federal Income Tax
We summarize as follows from a letter from the Vice President of the Company:
COMPANY The Crew Levick business was founded in 1862, and was first incorporated
in Pennsylvania in 1890.
The Company is engaged in producing, refining and marketing petroleum and its products.
SECURITY The bonds will be secured by a first mortgage on all the property owned by
the Company.
The books of the Company, as audited by Msssrs. Herbert G. Stockwell & Company,
Certified Accountants, as of July 1, 1916, show assets largely in excess of the bonded debt,
NET EARNINGS of the , Company for twelve months ending June 30, 1916, were
$616,277.57, without including earnings for the months of May and June of the Liverpool
Station and the Warren Company. It is estimated that the total net earnings for the year
1916 will be in excess of $1,100,000, or over six times the interest charges on these bonds.
SINKING FUND 5 annually of the maximum amount of bonds issued.
ADDITIONAL BONDS can be issued only for 75 of the cost of improvements, etc.,
when net earnings for the twelve months preceding have been at least three and one-half
times the total interest charges.
CONTROLLED by Cities Service Company, one of the largest and most successful public
utility corporations in the United States,- and which, through its ownership of all the stock
of the Empire Gas & Fuel Company, is one of the largest producers of oil in the United States.
LEGALITIES to be approved by Messrs. Roberts, Montgomery & McKeehan, of Phila.
delphia.
DELIVERY IF, WHEN AND AS ISSUED TO US
-100 AND ACCRUED INTEREST, YIELDING 6 PER CENT
of necessary legal work and the delivery of th H.finiiiu. t.n,i.
..deliver temporary receipts of the Commercial TrueCompany, Trustee, bearing interest at the rate of 6.
Ducrlptlv Circular on Rtquiit.
PRICE-
DJImh Ii a iAHrliitiAn rt ntifaiaeBrif lakrral tunrlf1 nnrt ili. 4&1 ! t i -9ir.-ff
""2 "" V I':::;.- .l."""",'-u, "rnnZ", "rV"" ",, ." ?n. we are prepared
to
ELKINS, MOIIIS & COMPMY
Land Title Building
PHILADELPHIA
i
MONTGOMERY, CLOTHIER & TYLEI
NEW YORK PHILADELPHIA
PITTSBURGH
' KISSEL, IIIIIWTT I COMPANY
NEW YOtK CHICAGO
THs MsxNMtlMt 4 tutktks are t gurajiti.yMt'Uavyt.w obulwU from Hhm we feaT. u u 1WBpti
raft
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