(
EVJaKINa IiBIGERr-yHIL.ADELPjaiAt TUESDAY. SlOTEMBElt 10. jlo
r-
I, .FINANCIAL NEWS
fiBEL COMMON MAKES ANOTHER' HIGH,
BBAWJNG CLOSER TO PREFERRED STOCK
Banking Interests Again Persistent Buyers, Taking All
Offerings at, Concessions Movements of Prices
in Nearly All Cases to Better Levels
fie
High Points in Today's Financial News
Movement in stock prices nearly all to higher level. United States
Steel common reached a new top mark. Cotton prices higher, grain lower,
foreign exchange dull and money rates unchanged. Crucible Steel paid 1 y.
per Ht on back dividends on preferred stock. American Agricultural Chcm
m and Saxon Motor increased divTdends. Price of bar silver lower in
New York and London.
r
NEW YORK, Sept. 19.
The first Hem of Importanco In today's stock market operations was the fact
that United States Steel common, after selling 10TH. again made a new high
record, advancing In the last hour to 109. The utock Is drawing closer to tho
preferred, although tho last-nAmcd Issue also showed strength and sold nbovo 120.
Thta made apparent the futility of bear attacks nt the present time.
Early In the. day tho room traders had taken an aggresslvo position on tho
bear aide and some of tho uptown operators also offered stocks at concessions dur
ing tho first few minutes, but banking Interests were again persistent buyers
and there was no decrease in the outside demand, bo that before midday all the
offerings at low levels had been absorbed and from then on the movements wcro
In nearly all cases to materially higher figures.
There were no desertions from tho bull ranks as the result of continued profit
taking sales that have been In progress for nearly two weeks, but those sales now
constitute the only supply available outside of tho few lines of shorts put out by
the small bear contingents. The war-order stocks were directly Influenced by the
advance In the price of zinc, and nil those Issues were In good demand nt advancing
prices.
Nothing has been said In the way of offlclaliannouncement of new war orders,
but those concerned in tho various companies confirm reports of a few days ngo,
when, at tho close of last week, new contracts for largo amounts of munitions
and munitions steel were made.
The sugar stocks ns a group wcro also active and strong, although Cuba
Cane Sugar was In supply from one Bource In largo volume nil through tho day.
Union Pacific was tho strongest of the railway group, advancing from 145 to
above 147 Some of the buyers mado positive statements that tho dividend dis
bursements on Union Pacific will be Increased at a meeting to be held on or about
November 3.
General Electric was unusually active, making a gain of more than 2 points,
and there was a demonstration of strength in Tobacco Products, which rose moro
than 2 points to nbovo 66, also making a new high record. The largest interests
did little In Reading during tho day, nearly all the transactions in that stock
being between professional traders on tho floor.
New York Stock Sales
08U
a4
82),
17
04
OSK
13
3GK
WW
120
04 J,
13
30U
00H
120
128U
20
20) .
Vi
10S
fiSlf
57
Crucible Steel Makes Payment on Back Dividends
PITTSBURGH, Sept. 19. The directors of tho Crucible Steel Company of
America have declared"' a dividend of 1 per cent on the preferred Btock on
account of back payments. It will be distributed October 31 to holders of record
October 16.
6
American Agricultural Chemical Increases Dividend
NKW YORK, Sept. 19. The American Agricultural Chemical Company has
declared a quarterly dividend of IVi per cent on the common stock, payaCle October
16 to stock of record September 25. This Is an Increase of Vi of 1 per cent and
places the stock on an annual basis of 5 per cent. The regular quarterly dividend
of 1 per cone on the preferred stock was also declared, payable October 16 to
stock of record September 25.
Bigger Dividend for Saxon Motor Corporation
NEW YORK, Sept. 19. The Saxon Motor Corporation has declared a quar
terly dividend of 1 per cent, payable October 2 to stock of record September 29.
This Is an Increase of Vi of 1 per cent over the Initial dividend of 1V4 per cent
paid In July.
COTTON PRICES JUMP
ON STRONGER CABLES
Bullish Advices From Georgia on
Picking and Ginning Also
I Influence Market
New York Bond Sales
COTTON BELT WEATHER CONDITIONS
NEW YORK, Spt. 10 Temperature
were alUhtlr hither throughout the rotton
belt tlila tnornlrur, with onlr tlliht pre
cipitation, and that not In the Important
ft-rowinr eectlona. . ,
The fallowing temperature were reported!
Ahftllt. flftt MfmnhlM. KnnVTlllft Mild aatt-
Tllle. 4Jt Little ltock. Illrnilniham and Cost
tanooca, 01 Atlanta, iiuieitn anu
nurs. ooi DureTeporp.
ThomaeTlll. Umln
dure. 60; HUreYeport. 681 l'ort rtralth. (10 1
ThomaeTM, wumincion. nan ,nionio.
Oklahoma Ultr. Del mo. -Ma con ana jiiont
62 1 Moble.
somerr. 62 1 Aloblc
nod Marannah. 60
f?hnrffton
Jacksonville. I'orpua
Augusta
TaiDplco, 74
ChatUnoora
.0.
Tampa
1
a
rh
.08 at Montromn
Clirlatl and 1'enaacolu, OM (Jalteaton, 7VI
1IDP1CO, 7ft.
There wu .01 Inch of precipitation at
.22 at
at Blr-
I at KnoxTllle and .70
Bingham.
NEW YORK, Sept. 10. Gains of 1 to 7
points were recorded on the Cotton Ex
change at the opening this morning", the
late months showing the smallest upturns.
ha tone was steady. Better Liverpool
cables and bullish private advices from
Georgia, regarding picking and ginning were
the Influences.
The feature of the trading was the cov
ering of some of the largest shorts. Includ
ing uptown interests. Wall Btreet Interests
purchased. Hedge selling was almost en
tlrely absent, but some profit taking was
noted.
Advances of 14 to 16 points were re
ported from Liverpool, and private cables
stated -i that there had been considerable
hadge," Selling, which was easily absorbed
by trade and continental buying. The
prices abroad were due to come 11 J to 13
points higher.
The market showed Increasing strength
toward the end of tho first hour. The
failure) ,of the advance above fifteen cents
f er January to bring out Increased southern
offerings seemed to stimulate local cover
In', while there was heavy buying by
Liverpool and New Orleans.
The buying- movement continued active
and general and prices showed net ad
vances of 29 to 31 points before midday,
January selling at 16.26c, or 117 points
above the low level of a week ago last
Monday and within 22 points of the sea
sen's high record, established on Sep-
t amber 1.
October
Mure,
it
TM'dtl
cioc.
r':::.io.8T
,,,,.15.V
..;.,, 1a.11
in.IT
,,.,., ..10.3J
,,M,,ilf.H
Open.
li.71
16.94
10.04
16.10
10.83
10.40
Illfh.
leoa
16,18
10.28
10.44
18.00
18.69
I,oir. Cloae
15.71 10.05
IB. 87
16.95
10.11
10.28
18.38
10.17
10.20
10.42
10.57
10.0S
10.15
Liverpool Cotton
LIVERPOOL, Bept. 19 Spot cotton was
in ivderate demand tyday at 11 points
a4roee, on the basis of t.SSd for mld
UBlnnd. The sales were 8000 bales, in
tmtitaf 6009 bales American. The receipts
wr 6M bales, of which 4700 bales were
AsnaHp. The market for futures closed
fcjjsitHiii at a net advance of 10921
LOCAL MINING STOCKS
,-. TONOPAH STOCKS
IMM Anur Agr cv 5a .....103
(HiOO do deb Ra 09
4000 Amor Ice (la .'. 7
S4$uoo Anslo-French f,a ..... 115
OVUUO Amer Foreign bee oa. lilt
ouuO Amer Hmelt Hoc (11...11H
23000 Amer Tl rvi lU ..ml
200(1 Amer Writ Paper Sa.. 8,'V
muto Arraour uo 4A a...
3UU0O Atchlaon sen 4a . . .
1000 do adj 4a
.1000 do cv 4a 1900...
2U0UO Argentina flnvt fta
low Allan Co Lino lit 4a. I12C
i?XXX ""J1 Ohio 3tt I2
l&yoo do Ba 100H
1000 do 4a :..::::::;:: no
8000O do cv 4Ha ... U5H
11000 do P L, E 4 W V 4a. Wl
4000 do 8wn Otta 90H
L?ffi Ph Steel rW 5, ....aooS
looq Urooklyn 11 T 5a ....101
1SX81.! r. ,0.' 1Bt8 l'?
M0 grook On Uaa lt 6a.l0ilJ
100(1 Can Oovt. Ba 19J1... UV
2000 Can Oovt 5a 11)20.... i)9S
6000 do5al31.... 100
0000 Cent l'ao lat 4a .... ShK
22000 Chill Copper 7a., ... 122
-100 Chea ft Ohio cv 4Ha.. 84 ,
33000 do cv 6a .......II 93il
80000 Chi ft Eaat 111 4... 1 1 04 il
1000 Chi Ot Wcat 4 9
11000 Chi H ft Q olnt 4a ... 07H
2000 Chi Ind ft Weat 4a. 1 1 7flK
5!0 Chi M 4 Ht P gen 4.. 91
5000 do dlv 4a , 00V4
2000 do gen 4'.ia Ilolii
,j'on cm n 1 ft pVfd 4;: . 12
15000 do 5a 60
5000 Col Midland ct 4ali:. 7
1000 Col ft South 4Wa..I. S3H
10000 Con Oua cv 0a....I..124
(1000 Del ft Hud rv 4 103
,1?, -do qulp) 4H 101
XJ00O Den ft Itlo Or 4 78
1000 do na 8254
10000 do rfd 5a .,..,..,. 00
2000 Detroit Tunnel 4Wa.. ooji
80(M) Detroit United 4(a.. 80
1J000 Dla Becur Corp Ba... 74H
1000 I)ul 8 8 ft A Ry Ba... V2Y,
0000 Erie gen 4a 71H
10000 do cv 4a Ber D HrtU
7000 da ra col 4 a 89
5000 do prior 4 .,..,... 83U
42000 Fla ft Kaat Co 4Ua.. 93
20000 3en Kleo deh 5a 14!4
000 Hud ft Man In 6a..... 27
3000 Iowa Central ref 4a... SO
4v0 do Sa 80
5000 111 Cent 6a 1P33 84
'iiuini no t;n Ht i. u Da, ion
7000 Interb Met 4Via , 78
iiwhiu intern 11 t rer oa,.,. 07
r.onnoo In Mer Mar ct 4Kb.. 100
213000 do W I Oa 07
8000 Inter Nav Ba ins
HXio K C Ft B t II 0 10D
2000 Kan City 80 Ba 80
150011 l.ackn Hteel 5a 1030., 94
6000 I.lc Sh deb 4a 1928,,. 93
100') do drb 4a 1931..,. 04
jiKiiii) ien vai eon 4HB.....100
1000 I.orlllarJ U I..101
2000 Manhattan 4a., 90
70110 do ata 4a. ,, OQVi
1(100 Max Tat Co Oa aer C.llA
0(UH) .Minn ft St I. 4 r,H
7000 Mo Kan ft T lat 4a... 731
200O do 2d 4a 4BU
:: m
,. 4AK
Low. Cloae.
10.1 103
UOU 99K
87 87(4
113a 11 H J.
Ill 111H
103;
81) H
Laat cloae. Hth. Low. Clote.
Adr IXnmri,1. ...,...,. la 10 IS 10
Ail nuober CO 05$. CSH Wi
AlukaOoldM 14U 14 14K 14i
AlkaJOolJM 7)4 714 7)4 7)4
A1IU Chflmen Mf 25J4 20K 23)4 20
Am Ag Chemical. 81 82 ! 81 82
Amneet8uesr 02) 04)4 02 4)(
Am Can 0.1)4 04 M 0'1'f 04
Am Cat 4 Fdy 07 M 07)$ 08
Am Cotton 011 , MM 65 55 53
Am Hide ft Leather 11) ll4 11H 11)4
Am Hide a L pt 02 01)( 01 M
Am Ire Secntltlcs 2014 20)4 30 20MC
Am Unwed 23H 23)4 2.114 23 K
Am'MnifCd pf C2)4 02)4 C2 B2W
Am I)forootlTO 78)4 7H 70 71))i
Am Locomotive pf 101)4 105 105 105
Am Smelt A lUf ,.1084 10SJ4 103 108M
Am Smelt ft ;t pf 115 IHU 1H 1144
Am Smelt pf A 00 05 05 05
Am Sufar IteflQlng 112)4 I10,'4 lln)4 110J4
Am Boor Iter pf HOJt 119)4 110J4 110)4
Am Steel Foundries 0851 58)4 57)4 57K
AmTrlATel 133 I3'i' l.'U 133
Am Tobacco 222 224)4 222 22474
Am woolen 474 4S)4 484 4S)4
Am woolen pi OGH
Am Wrlllnz l pf 3174
Am Zinc L ft Sol 41)4
Am 7. Ii&Bpf 77)4
Anaconda Cop M 00)4
Aswclatnl Oil 08)4
Attn Top ft s f 100
AtchTft 8 F pf 100
AtlUu.f ft W I H'iM
nildUcoVYks SOU
Halt ft Ohio 80)4
Bait ft Ohio pf 74)4
lUrrett Co 153
Bethlehem Steel COO
Burns Bros HOH
Mutte ft Superior 04)1
CaU'otroleum j.1
Cal rctroleum pf 48)4
Canadian Pactric 170)t
Central Leather 03)4
Chos ft Ohio 04)4
Chicago Gnat West.... 13
Chi Great West pf...... 3074
Cht Mil ft St Paul 00
Chi MU ft St 1' pf 120
Chi ft Northwestern 128)4 128)4
Chi It I ft lac 10)4 20
ChUo Copper 10)4 20)4
Chlno Copper 53H 53)4
Cluctt 1'ca ft Co pf....lOS 108
Col Fuel ft Iron 5-1V4 55)4
Col ft South 1st pf 67K 57
Continental Can 105 109J4 100 109J4
Consolidated 0 a 137H 138)4 138 138
Corn Products Kef 10 15)4 15! 15)4
Corn 1'rod R;f pf 01M 01)4 91)1 01)4
Crucible Steel 04H 05)4 01)4 054
Crucible Steel pf 110 1201' 119)4 120'1
Cuban-Am Sunar 255 2 0 250)4 200
Cuba Cano Suj-ar 58)4 '00)4 50 00)4
Cuba Cane Sugar pf.... 0-4 94)4 04 01)4
Deero ft Co pf 91)4 92 92 92
DenftnioOrpf 31)4 34 33J4 33)4
uisiib hec corp'n 4H)f
Dome Minos 25
OrWcs-Seabody mii 1134 112
Erie 30)4 3i;4 39)4
Krlelstpf C4H 544 544
Crle2dpf 40 40 40
Fed Mln ft Sm 24 21 21
Fa) Mln ft Sm pf 43)4 43!4 434
General Electric 172)4 175 173
General Motors pf 120)4 127H 127
Goodrich 11 V 72H 73 72)4
Goodrich B F pf 113)4 113J4 113J1 113J4
Great Northern pf 120 120)4 120 120
O N cfs for ore prop.... 425 43)4 43 43H
Grcene-Cananea 40)4 40)4 49 49
Illinois Cent 103)4 103M 103)4 103)4
Int Agricultural pf 48)4 49 484 49
InspConCol 01 OUi 01)4 01H
Int Harv Corp'n pf . ..108)4 109 109 109
IntllarrN J 110U 118 117?4 118
Int Con Cot v t csh... 17)4 18)4 18)4 18)4
Int Con Corp'n pf 74)4 74U
Int Paper 20 30
IntPaperpf 01)4 05
Int Nickel v t cfs 45)4 47)4
Int MM cot dp 4S)4 48)4
Int M M pf c of dp. ... 12 1J4 122)t
Kan Citj Southern cttSls 20)4
Kan City South pf 01 GO
Kolly Spring Tire 824
Kennecott Copper 52)4
Lack Steel Co 84)4
Lake Erie ft West 18)4
Lake'Krle ft Wen pf... 44)4
Lehigh Valley 81)4
Long Island 35
Louis is .Sua 132)4 132H
Maxwell Motors 01)4 93)4
Maxwcl, Motors 1st pf. . 80)4 87
Maxwell Motors 2d pf.. C5)i 57)4
Mexican Petroleum 115)4 110
Miami Copper 37)4 3754
Minn ft St Louis 4)4 OH
Minn St P ft a S M.... 124)1 124)4
Missouri Pacific 4)4 4)4
Missouri Pacific tr cfs... 4)4 4
Missouri Pacific w 1 22)( 23)4
Missouri I'acinc pi w 1 .. 49 49
07)4 00)4 90)4
31)4 3.1)4 34)4
43H 41)4 43
78)4 77 78)4
01)4 0014 91
71 70)4 71
100)4 1054 100
100H 100 100
90 8)!4 8?"4
91 89)4 90
89)4 89)4 89)4
76)4 76 75)4
153 163 153
00)4 500)4 500)4
0i 80)4 B0J4
634 Ooh
22 tl
4954 51)4
1784 178)4
03)4 04
04J4
13
30)4
90
120
128
18)4
19J4
53
108
64)4
50)4
MIDVALE LEADS IN
TRADING ON CURB
Reaches 74 on Understanding
That Dividend Will Be De
clared Next Month
48)4
24)4
48)4
2454
112
39JI
54H
40
21
43!
1744
127
7.5
NEW TOnit Sept 19. Activity and
strength prevailed on the Broad Street Curb
today, with Mldvr1e Steel attracting meat
attention because of continued accumulation
on which Ita price advanced from 71 early
In tho day to Above 74 In the laat hour.
The general understanding la that the
etock will be placed on the dividend list
In October, starting, perhaps, with dividends
at the rate of ?G per annum. It Is also
understood that as soon as tho company
sees Its way clear to begin the publication
of earnings, that application will be made
to list It on the New Tork Stock Exchange.
Substantial advances were also made In
several of tho motor stocks, llepubllc ad
vancing from Ct to 69 and United Motors
moving up from C6 to C8U-
Tho Standard Oil stocks continued the
upward movement which started n couple
of weeks ago, Ohio Oil ndvanclng from 250
to 264, and Standard Oil of Indiana rising
from 700 to 720. Tho Independent oil
stocks wero In good demand, with Oklahoma
Producing making a new high record, and
selling nbove 8. Muskogee sold at 4. Met
ropolltan was actlvo with sales at 17 Vi to
17U. -.
Tho strongest of the Industrials was At
lantic Steel which was traded In nt 80 to
86.
N'tplsslng was In demand, selling at 8U to
8tf, and United Verdi extension roso from
39 Vi to 40K. Ilex Consolidated sold nt 27
and 28 ccntB. Aetna Explosives was steady
with sales at 10 H to 10 .
INDUSTRIALS . , ,
Did Atlted
Am-rlcan-nrltlsh Mf 1-' 2U
American Marconi 8V. .
Canadian Car Co 43 r5
do pM .15 M
Chevrolet Motors 208 !U
Curtlaa Aeroplane IB, SI
Kmeraon Phonoaraph U
Sales in Philadelphia
ltlah.
I Alliance In ioh
00 Bald Loco. 91
lit J a Drill.. 40
A Cam Iron,. 44
ell Klec Stor.. oo H
-0 Erie SOU
80 Q Asphalt. 80tt
244 do pfd i. 10
40 Tnt M M t o 48
100 In-plr Cop. t
48 Ins Co N A 81 H
100 Kenne Cop BIT
8481 I-k Sup Crp 14V.
18 Leh Nav .. 1H
48 Leh Val .. 81H
101 I V Tr pfd 48
80 Miami Cop S7)4
S Nor A W.1S1
10 N V Cent 107i
88 Ta II U... 01
7 ra Salt ...100
IS Phtla Co
cum pref 41
413 I 14
300 I'li.ln It T SO'h
845 do tr cfs 20!f,
1S8 Heading.. lltVt
100 So rac.101
411
m
T2J
(l.'i
11
Htromberir Motors 4St
rlubmnrlne Hoat o?
Ilaakell t Darker Car
llemlee iUK
Kathodlon lironze ptd
Maxim Munltlona ...
Manhattan Tranalt .
Mldvale Hteel
Otla Elevator
Peerlean Motors ....
l'oole KnK
H rl Kreate w 1 ...
Standard Motors
Trlanale Kllm
Inlted Motora
74
29)4
94M
45)4
40)4
74).
29J4
04 H
47K
40)1
U9)i 119H
20)4 20)4
B8S
07
in
01
uou
101'i
72
58)4
7
83H
SOU
124
103T4
101H
HO
88
82)4
63
85)4
19)4
43)4
81)4
34J4
00
82)f
62)4
84)4
19H
43)4
81
34)4
00
82)4
52M
85
19H
43H
81
34J4
132)4 1324
91)4 O-'S
87 87
65H 57H
114)4 116
37K 374
SM 6)4
124 124)4
4)4 4)4
4)4 4)4
22M 23)4
49 40
07
I'nlted I'ront unarm 't
L' H I, t II com -t
do pfd .4U
Whlto Motors 03
World Film lU
BTANDAUD OIL STOCKS
Illinois 150 1
Ohio 232 2
Knlrla t'ln 202 2
.standard Oil ot California 209 8
Standard oil of New Jeraey MO 1
Standard Oil of New York 227 2
OTIIEH OIL STOCKS
Coiden Oil 12T4
t'halmera Oil 10
International Petroleum 11T4
Hnuaton Oil 14
Mldwoat lleflnlnsr 64
HHpulpa Ilcnnlng; 8)4
MINING STOCKS
Atlanta 0
Ilutte Copper It Zlno 7
Ilutte New York Itt
Orro de Paaeo 39
Klrat National nil
Florence (loldneld 47
OoldHeld Mercer 7
Hecla Mlnlnir M 1.16
Howe Hound A
Jim Butler 88
Jumbo Intension 84
McKlnley-Darraxh 0
Macma Copper 17H
Nlplnalnjt Mines Co . K)i
San Toy 10.,
St Joseph Iead 1BV4
Weat Knd Consolidated OH
White Oaka 5
BONDS
Cerro De Paaco 118
Mldvale Steel 00.,
nuaslan Government 100H
13
184
12U
IS
08
04
02
80
0.1
1
22
18T4
74
0
30 So Itwy
800 Ton Del..
280 Ton Mln.
41 Un Trao.
88 U O I ...
4100 U S Steel
200 War Ir & S
8o York Ity.
25
4
6
45
sou
108!.
0
14
Low.
IH
0
sow,
44
884
80)4
80H
10
41
82
17tt
82 4
18V4
18
80-i
48
87)4
181
ioi,i
81
100
41
- '
20H
20
US
101
28
4
6i
1414
80
101 Vl
0
1314
Net
Cloee. erute.
IOH V,
01
40
44
oH
19 V4
80H
10
41
8
tlH
8214
1V
1
y4
1
H
V
14
1
U
Mi
Hi
lWi -
80 IV
43
"A
H
V
V
131
107 V,
S1H
100
41 ..1
.Hi t
20'd
204
1124
101
28
4
BW
44)4
son
108
OH
14
)i
4
4
V
i
'10
H
H
1
M
"
ANOTHER MEMBER ON LAKE SUPERIOR
4 BOARD FROM THIS CITY SEEMS ASSURE
Two Names Arc Now Under Consideration No Opt
TM r 1! T.4n,nnfn P v.r. ,1 ,' CI l."1
uon rrom vjunauma j.jiuuicoi,o naumg oraau
on Philadelphia Stock Exchange
From what could be learned In the flnan- ,
clal district today It now seems virtually
assured that Philadelphia will secure ad
ditional representation on tho board of dl
rectors of the Lake Superior Corporation at
the annual meeting which will be held In
Camden on October 4. While those Interi
ested In the company's affairs In this city
have not as yet settled on any one man
ta place on the board, It Is understood that
two names are under consideration, one
being a steel man and the other a financier.
Canadian Interests In the company have
let It become known that they would not
offer any objection, and, In fact, would wel
come another member of the board from
this city to fill the vacancy that now exists.
A quorum for the annual meeting Is as
sured, the management having acquired
proxies representing about sixty per cent
of tho capital stock.
The affairs ot the company are under
stood to be In very good shape, and It was
said today that It was expected the two
railroad companies, the Atgoma Central and
Hudson Bay and the Algoma tri.
would be taken out nt .Z.i-JL.V
tho next thirty days, providing the J.?1
rearrangement iroea thtit. ...pm I
hitch, noth rnmnanU. ... . t ,
" " -. .-.. .... niq HOW
their fixed charges.
The action of the Philadelphia m,. .
ket today was In striking contrast wwv ,
nf VMlanliv TtM. .. .-... w0 I
was very small, the market ,.. lH
row and price movements were Irretrul?
ArllvKv. what 1IIII. th.. . .
divided between Lake Superior and tjj
BiaioB aicei uutnmon. Wlln tha Ku
slightly In favor of the latter, jj?.!
eased off below the close of ...
..,. u.t. . "wx ma "natoryMter
About the only feature ot the trior,
linum vrna - munu Haul in inSUranC C
pany of North America to the hliheat ,
at which It has Bold this year. Th. i'
est Issue was Baldwin Locomotive i?2
aold up IK. United Oas sold up i J!
Lehigh Valley was oft 1. '
BONDS Net
lllsh. Ixw. Cloae. chse.
81000 A O&El Bs 88 M, 88H 08)4 V4
1000 Anglo-P 6a 05V4 0V4 05V4
3000 Choc gll Bs 00 00T4 08)4 H
100 Edls i:i BslOl 107 107
7000 int nys 4b 07 si si
1000 Lk S Ino 6s SO 39 30
0000 Leh Xav
cons 4'is.lOlH 101H 101H
1000 Leh V cons
4VSs 2003 00 00)4 00
1000 do ann Cs.138 13S 18S
sooo Pa Co gen
His .. .1011 101K 1014
sooo do cons
4Hs ...104 1044 1044
3500 Ph Eleo 4s 84 81 84U
4600 do Bs ..105 104 Vi 105
8000 Read gn 4b 03V1 05ft 05U Va
2000 Y It 1st Bs 00 06 00 V,
Decrease. Increase.
H
n
Local Bid and Asked
Hurt & Sues, t c...
do pref t o
Drill J a
jlaldwln
lSlectrlo Storas e
Ueneral Aaphalt . . .
do pref
Keyatone Telephone
' e.
Today .
lid. Aaked.
03
CO
804
3.
Yesterday
uiq. Aexea
CSV. OS
fin nref
Lake Sup Corp . .
I-ehlrh NavUatlo
118
110
100'
8M
WHEAT STRENGTHENS
ON GROWING DEMAND
Profit-Taking Cuts Early Gains
Somewhat, but Buying Pre
vents Great Losses
Nat Biscuit pf 12514 120f 120W 120)4
Nat Cloak & Suit 83
Nat Cloak & Suit pf...,110K
Nal Knam & 8 Co ;(0H
Nat Enam & S Co pf... 05
Nat Lead Co 70)4
Ner Con Cop 2114
New York' Air Brake.. ..142
New York Centra. 108
New York Dock 10
New York N II AH.... 61 H
New York O & Went.... 27J4
834 83)4 83!i
110K 11014 11014
31)4 30)4 30H
05 05 05
7014 70 70M
21W 21)4 21H
142i 142!4 142!4
109)4 103 108H
14H 14H 14)4
01)4 01 61
27H 27M 27H
2000 do 4Ua
tnoo Mo rao ct 4 a
1II0O do rv oa .
jnooo aiont Power St
IW.KH) nai
Tuba Sa . ... . ' 1
8000 N TAIr Hrake crt Oa.lO-J1
47000 N V C If 0,.,,...ll5
6000 do eon 4e ., 2
do 4Uja ..,,..!.
101
100s
mi
0
00V4
118
III
48U
Hft
101'
m
1600
10000
01
.101
i. P 4a. " Ml
do Ba 104VJ
.! . i"y
8V1
6000 N Y City 4a 1050
2uou n x uaa it
1
BS
flSMpaaA i
C&SZs' ofsiaLr
Did.
w
i ' ffl" .
Bfi8Winw 'Eaaaaali
4Jf -S
4VaA4Kftjt tj
ft,t'9 Mt "4
BI4Pt;l4t
ffff v
MMFfMf
tftiratfi 9,
f 44t a
- 41
OaUHTiMJE STOCKS
-a, ?r ..-. -1
;-. t t f p t
Vii'Vi '"V f '
1
4JtJ)i41 !!)
I f
44)aaCafr4t
f4t4t'
MMlft
tta-t4
mmcvuj.
'I
I
as
2000 N Y M k It .I.'UlO
7000 NYOaWui 4s "! 70
21000 N W Hwy adl Be ,.,, 88
l,vw ii ai pen mna
4000 Norf 4 Wast 4a
2800 Nor l'ao prior 4s
avvuu ao son aa. ...,..,.. on
SOOO Ont Power Ba 1
8000 Ore Hwy A N epn 4a.' 3
HxniO Ienna sen el 4 Via . , 101'
10000 do en .4 a 104
2000 Publle fiarv N J Ba,, ... 02
0000 Haaalac ran 4a J It
28000 Rep IrtH Sa 00'
SOOO HloOr it W clt 4 78'
4O0O H1L.IM B ftn Ss.,101
SOOO 81 L 4 8 f ) I,, US'
1000 do rfd 4a ,., , !.V
3000 da pea ct 4e ...... 72
SOOO do In w I ......... BS1
rooo Bt L Hwn 1st 4a 78'
1500 do 8r A w I .,,., 7'
4000 South Pae er 4e.,,.. 87'
25000 do cv ret r p Oa ....104K lfni 104
.4000 torfd 4a ......... 8 aft
juuuuu noutn i-ao lerin ba.. n) H4a m
41.W nouui rwjr aen ia ... 4i Tl 71'
1?2 Li0 cJZn -. t.tlpl , 100J4 101
1000 T.nn C ret f p ...... 024 02 H 83'
8000 Tex ft Fao lat Sa .., 6 sag Ofl'
SHAftO Taxaa Co ey 8a.. i.,, .105 05 105
1( Third Ave lat Sa .,. 107K 107 107'
1090 Teklo Sa ,.;.. 78K 781 7'
lioaa ir h 8tMi in, '::iu.l! inxil tin
807OAO tl K of Q B ft. I Sa. 68-10 i fill
do ev a . ..... i ilC
Va Car Cfcam lat Ba.. M 9
Va Bwy 8a M ft
i wibt t tat n ip
Weat W0 Sa . ,
rvwi ara lav a ...,
'.iVW:"::'
Oeot cea 4(
is
70
lhlch Valley H(H4
Iehlah Valley Traction. 20K
do pref 42H
Pennaylvanla B7H
rhlla Klcctrlo 28U
Phlla Co JJVi
do 8 per cent pref... 87
do 0 per cent pref... 41
Thlia R V t o W)i
Heading 1UL
Tonopan Belmont ....4 0;10
Tonopah Mlnlne SS
Union Traction 4414
United Oaa Improv... 89
tl H Steel ltlS
York Railway 14
do pref S7V4
Wm Cramp t e 83
Ex dividend.
DD
67 08., DO.,
40 80H SK
HO HI) 1HI
l
m m
1SH 13 18H
n im no
13?; 18J4 14
70i 74 74
soir HI RtH
31 20H 21
43 42tt 43
B7J4 S7 874
2HH 28U 28S
40 8DU SDK
30 87 89
414 40V4 41,
20J 20V4 20H
112 lll 112H
4K S 5-16 4 7-J8
OS 8 S
44tS 44t4 45
WK 884 84
108H 107K 107S
14U ifsVl 13tt
87 87., 87S
S3H 88V4 84
RATES FOR MONEY
1 Call. Time.
New York. 2 SH 2 04
PMIadelphla 4 18?,,
chicanM-v.-'-.-.-.:::.--.-.-.aH04 14
Commercial paper. 3 to 0 montha, Hhlladei
nhla 1. W4W per cent
Norfolk & Western 131)4 131)4 131)4 131)4
Northern Pacific. 112)4 U2K 112)4 U2!4
l'eaa Hanroad 57)4 57)4 57)4 57M
People's Qas Chi 100 100 100 100
Pitt Coa. c of Up 33H 33)4 32)4 :)4
I'ltts Bteel pf 100 100)4 100 100M
Pressed H Car Co 60)f 60)4 00 60)4
Pressed S Car Co pf 101)4 103 102 102
Ity Steel Sp Co 53)4 1 55)4 54 i4 14
Sy Steel Sp Co pf 101H 100)4 100)4 10()'i
Kay Con Copper 24H 25H 25 25
Heading U1I, 1134 111( 112
Heading lit pf 44)4 44)4 44)4 Un
Hepubllo Iron A S 67)4 07)4 C0!4 07)4
Republic Iron & S pf....KX! 110)4 110 110)4
Baion Motor 82 84U bV4 81)1
BhatArltCop .31)4 30)4 30 30
Sears, Hoe & Co 200 207)4 207)4 207;4
South Porto It Sugar.... 160 180 180 180.
boutbern I'acoc 101H 101)4 100)4 101)
Southern Hy 25 254 24)4 25)4
Southern Ity pf 68)4 (W4 OSU 08H
StudebakerCo 130 131)4 130 131
Stuti Motor 73'4 74H 74W 74)4
Tenn Copper 254 20)4 25)4 204
Texas Co 217 21H -J15)a 215H
Texas l'aclflc....u 11)4 13 11)4 13
ThlrdArenue 61 61)4 61 61)4
Tob&oro Product! ,53)4 50)4 04)4 50
Tobacco Products pf.... 105 103 103 101
Twin City OT OOH 07 B.07 07
Union Bag & Piper 0)4 10 014 OM
Union Big & Paper pf.. 66)4 50)4 66)4 66)4
United Cigar Stores 102)4 105 102)4 105
United Fruit 102)4 103W 103)4 163)4
Union Pacinc 140' 147)4 145)4 147)4
Union Pacific pf 82)49 83 82)4 B83
U a Ind Alcohol... 130 132)4 120 132
United Rys Inr Co...... 8 8)4 8 8
United Hys Inr Co pf . . 17 18 18 18
Uoltubber 60!4 69)4 60 60)4
U S Hubber 1st pf 114)4 114)4 114)4 114H
UOnmllSM. 74U 74)4 74 74
U 8 steel corp'n 107H 100
U S Steel Corp'n pf 120)4 121
Utah Copper 85)4 86)4
Utah Securities 10)4 10
Va-Caro Chera. 444 44)4
Va-Csro Chem pf..,....112 112
Va Iron. Cos. ft 0 68)4 65
Vulcan Dctlnnlng, 0 IOH
Vulcan Uetinnlng pf.,., 20H 20)4
Wabash , 14)4 14)4
Wabub pf A.. 60)4 61M
Wabasb pf 0 .... 27)4 28)4
WelU Fargo Exp 127 127)4 127)4 127)4
Wettero Unoo Tel 100H 101 100)4 100)4
0
l?l
WM 1
.yw i$3 &&
K 81 m
Mitfkttiti Uw4
ffiftW'e W0 " " WQ Wf
44
"r ,ri
S!!l?'W
107)4 108)4
120)4 121
85)4 86
10 10
44)4 44)4
112 112
65 65
10)4 IOH
26. 26H
14U 14 H
61 51)4
28)4 28)4
GRAIN I1EI.T WEAT1IKR TORECAST
nilCAnO. Sept. 10. The weather fore
rant for 88 hour followat
Illlnola. MIourl and W Uronaln Fair
tonltht and Wednradayi rlnlnit temperaturea.
Mlnneaota. North and Houth Dakota. Ne
braaka and Kanaaa Fair tonlsht and Med
netaayi warmer lonntat.
Iowa Fair tonlaht nnd IVedneadayt .
warmer tonlcht, ana eaat and eouth ed
needay. CHICAGO, Sept. 19. A demand from
shorts and leading cash concerns and com
mission houses, following talk of a good
export business and firmness In tho cash
article, strengthened the wheat market de
cidedly today after It had been heavy.
The losses were more than regained, but
final prices, while above yesterday's last
quotations, were below the best because
of profit-taking. The session was tame,
there being no Improvement In the outside
demand.
There were reports that two cargoes of
Argentine wheat had been sold at Gulf ports
considerably under the prevailing price of
native grain.
A reduction of 10s In freight rate? from
that country was announced, the present
charge being 132s 6d.
There was a decrease of 4,720,000 bushels
for tho week In the foreign visible Vupply
to 76,752,000 bushels, but It was believed
that this would be replenished soon. Re
ceipts at points In the Interior were 1,344,000
bushels.
It was believed here that foreigners were
buying late positions. Sales for shipment
abroad were estimated nt 800,000 bushels.
More numerous reports of damage to the
crop rrom rrost neiped corn after the mar
ket had sagged. September ended H cent
lower, but December and May finished
above yesterday's close.
Leadlnc futures ranged aa followa:
. . r. .ii u t Yesterday's
Wheat Open, Illjrh. 1,ow. Cloae. cloae.
ocpicuiucr '.i"7I -""J? J'll' .1 71.411
May 1.40 1.81W 1.47K
ELKINS, MORRIS i& CO.
BANKERS
Land Title Building
PhU.tdelphia
Pennsylvania Railroad
Consolidated (Stamped)
4s, Duo 1948
Price on Application
South America
Corn (new delvery)-
70
Hentember
December
May
Data
September
December
May
Lard-September
October
December
Hllia .
8eptamber14.A0
October .,,.14.17
January ...1U.U2
i-ora i
September
October ...2rt.TR 2(1.80
December ,.28. TO 28.70 2,
Did. tAaked, (Nominal,
1.80 1,48:
1.00)4 U.4DH
r .,14.82 14.
.,,.14.48 14.
er ..13.75- 18.
RT
777
87
82
DO
?2?i
in
784 t70U
rH
co(i tsi 00)1
14.80
14.20
12,07
14.80
14.40
18,87
14 63
14.01
12.63
14.67
'14.60
13. bl)
14.80
14.60 14.42
T18.T0
Mis m
12.05 '12.0
t2S.
2(1.70 t2R.
23.83 J28.
28.07 128.03
03 J23.82
Fine Granulated Sugar Firm
NEW YOniC Sept. 18. Fine granulated
was firm and quoted by all refiners at 4.40c
The last sale In spot Cuba raws was at
E,52c, an advanco of 25 points from Mon
day's opening.
West K a M.., 64 65)4
West it a M lit PI.,,, 74 74
Western Maryland . . 29)4 30)4
Western Maryland pf... 44 46)4
Wheel & L is 1st pf.... 14)4 12)4
W lljOTerUnd. ....... 47t 48
Willys Overland pi 104a 104)4 10414 104 W
Wucoaiu Cenuil..... 60f o04 60 0)4
o4
73)4
29
44
12)4
474
05
74
30)4
40)4
12)4
47M
LIVE STOCK QUOTATIONS
UNION STOCK TAB
.huub naceipts.
!. 1106 a ft
feNw
Sept,
tV.t.-. Til
Vievaavi 4 Ilea dcpVe
irKt bo biKiiar.
,(ll mtitJt havv.
ssxiwwwaa'w
tobert.
. CATTI.B BjUt. ppoo. Market 100159
rmifyW!:MxWM: 100
k)WM. SaMva tH weatera. J.408.B( UmVa,
BANK CLEARINGS
Kiniiiial
WANTED
PHILA. UNDERLYING
PASS. RWY. STOCKS
MELLOR & PETRY -
Member N. Y. St rhlla. Bteek Kirhauat
tM COMMERCIAL TKCBT BDIIJJINO
WANTEB
Mkhlan City No. In. Oa U
REED A. MORGAN & CO.
WaaST HND TKDBT KU)II PHILA.
Mebera f Hi fhHa. Sleek Kirhans
HaVatCTOHr Of AUftMIWTANTI
awaAaaaal flaaUr - -.
" " "nwajff
'F "I "si1 14P araw stBt-naraji Y WjpBpijpBgH
September Invest
ment Suggestions
Our September Investment
Circular Is ready for distribu
tion, and will, be delivered oa
application.
In addition to the display ot
many attractive Bonds, the
circular continues our series
of explanation of banking
phrases wltb a brief discus
sion of
The Investment
Return
Edward B.Smith & Co
EeTiBusntD 1891,
BANKERS
JfemDera Niw York and
Philadelphia Stock Krctaap
1411 Chestnut St.. FjiiLaon-rau
BO pins Utssr Naw Yoist
TT
p.-
Investment ftw
Business Men '
We have selected for the
special consideration of'busl.
ness men four securities;
A Lone Term Mortgage Bond
A Short Term Note
A Convertible Collateral Bond
A Preferred Stock
These securities offer a lib
eral yield, diversification, a
ready market, and should. In
?ur opinion, appeal partlcu.
arly to business men with
either a large or small sur
plus now available for Invest
ment We shall be clad to furnish
complete Information tq those
sending for our Speolal Offer
ing No, 431.
William P.BoBkight&CtJic.
MOXKIe) WtSTAR 8TKQ0B. V,
437 Ck.stBut St., PMUcUlplUa
Xw Ynrk Haataa ,94f
Pa
WUUaJB P Baatbrajht Oa, Hsskrt Q.l
LH
iwUUaJBP
'
t,,h
To care for' the growing"
trade with South America and
the West Indies, this bank has ,
established direct connections
in the following
with banks
towns:
AT.VF!An
AMATUTA
ATACUCHO
AZtll,
I1A1IIA m,ANCA
IlALCAItCF:
11AHAVILDASO
HBLOUANO
llRLIA VISTA
DELL, VIL.I.B
Arcenllne.
NECOCHEA
NKtIQUEN
NOOAYA
NKUVU DB JULIO
OI.AVARHIA
OMVA
OHAN
OIIIKNTB
PAIIANA
PASO DniflS UBRE3
I1ACA DEI, IlIACHUKM) PATAOONE8
I'KIIIIAJO
PKIIOAMINO
POSADAS
PUAN
PUKHLO TACEDO
PUNTA ALT A
RAFAELA
RAMALIXJ
RAMirtEZ
rtEAI.ICO
HECONQUISTA
ItESISTENCIA
UENCA
THO OtTATtTO
RIO OALLEO03
RIC
IOJA
HOLIVATl
nnAOADO
IlllANBZEN
IIUHNOS AYRES
CAPRERA
CAFAYATE
CANADA DE OOMEZ
CAPITAN SARMIENTO
CA8ILDA
CATAMARACA
CHAOAnUCO
CHAJARI
CHASCOMU8
CHILEC1TO
CHIVILCOY
COIX1N
COMODORE nrVADAVIA TtOJAS
CONCEPCION DEL URU- ROSARIA
lUAT
CONPORDIA
CORDOVA
CORONDA
CORONEL TRIMOLES
CORONEL SUAREZ
CORR1ENTES
CRUZ DEL E.TB
cirRtrzir-rtTATiA
DEAN Ft'NES
DIAJIANTE
DOtX)RE8
ENHENADA
ESPERANZA
ESQUINA
iIIUWT
PrOREH
FORMOSA
FRIAR
OALVEZ
OENERAL ACJtA
GENERAL LAMADRID
GENERAL PICO
GENERAL URQITIZA
GENERAL VILI.F.OA8
GONZALES CHAVES
GOYA
OUALEOtTAY
OtrALEOWATCHU
INO WHITE
JUAREZ
JIIJWY
JUNIN
IABOULAYH
LA CARLOTA
IJ. PAZ
LA PIATA
LAPRTDA
LAH FLORES
LAS ROSAS
LINCOLN
LOROS
LUCAS GONZALEZ
LUJAN
MAR DEL PLATA
MARCOS JUAREZ
MENDOZA
MERCEDES
METAN
MONTE CASEROS
MONTEROS
MORON
NAVARRO
ROSARIA DEL TALA
SALADILLO
RALTA
SAN ANTONIO CESTB
RAN CARIXiR
RAN CRISTORAL
HAJ1. FERNANDO
SAN FRANCISCO
HAN JAVIER
SAN JOSE DE LA
ESQUINA
SAN JUAN
RAN JURTO
SAN LORENZO
SAN LUIS
HAN MARTIN
HAN NICHOLAS
HAN PEDRO
RAN RAFAEL
SANTA FE
SANTA ROSA DE TOAY
SANTA TERESA
RANTIAOO DEL E8TER0
8ANTO TOMB
HAN URDANO
SARTRE
HUNCHALES
TANDIL
TIORE
TINOOASTA
TORNQUIBT
TOE LEW
TRENQUE T.AITQEN
TRE8 ARROYOS
TIICHMAN
UCACHA
UnDtNARRAIN
USHUAIA
VKNAUO
VICTORIA
VICTORICA
t
VICITNA MACKENA
VIEDMA
VILLA rONBTITUCiriN
VtLLA DEL RORARPD
VILLA DOF.ORES
VILLAQUAY
VILLA HUIRODRO
VILLA MARIA
VILLA URQUIZA
ZARATE
ROTUrATU
CURITYnA
ESPIRTTI SANTO DO
PINHAL
.IAHU
M.ir-OCA
PONTA OROSSA
nraxll.
RIREIRAO PRATO
Hill UK. JANKlltU
SAO CARLO!
HANTOA
8AO PAULO
SAO JOSE DE
PARDO
RIO
OEOROE TOWN
NEW AJlISTEUDAlI
ANGOL
ANTOFAOASTA
I1ULNES
CALERO
CAUOUENES
CWLLAN
CONCEPCION
CONSTITIICION
COQUIMRO
CUIIACAUTIN
CURICO
IQUIQUE
LAIITARO
LINARES
I1R 'ANDES
IIS ANGELES
, MEI.PILLA
OSORNO
British Onlana.
ROSA HALL
Chile.
OVAI.LH
PARRAL
OUILIXJTA
RANCAOUA
RAN FET.tr E
HAN FEI".NNDO
SAN .TAMER
RNTfAGO
SERENA
TALCA
TAT.CAHUANO
TEM"CO
TRAIOUEN
VAI.DTVIA
VALT.ENAR
VALPARAISO
VICUNA
Colombia.
DOOOTA
ASUNCION
CONCEPCION
ENCARNACION
AREqUIPA
CALICO
LIMA
Eeoador.
QUITO
Faracuar.
PARAOUARI
PILAR
VILLARRICA
Pero.
CHINCHA ALTA
MOLLENDO
PATSAunrr
RIVERA.
ROCHA
ROSARIO
HALT
Urortiar.
cahmelo
COINIA
DOIXDRE8
PURX7.N0
FIflRIDA HALTO
OIIADAI.ITPE RAN CARI1S
FRAY nENTOB RAN EUOENIO
S. BATLLE Y ORDONEZ BAN JOSE "'
MALDONADO r-ARANDIDEL Tl
ME0 TACUAREMBO
J!ri',l.CJ?DES TALA
$!&A'U..n.. TRRNTA T TBE9
MONTEVIDEO TRINIDAD
Veneiaela.
XATtACAS MARACAIBO
LTAORACIA DB ORI MARACAY
. V V AIATUIIIN
l 1
,t
RARCF.I)NA
I1ARQU1RIMETO
CALAROZO
CARUPANO
KSJ1I''VAU
CORO
ORI8T-C0LON
CUMANIA
IJl GUARIA
La, victohia
UKntni
OCUMARE DEL TUT
PAMPATAR
PTO CA11KLLO
8IO CHICO
AN CRISTOBAL
RAN FELIPE
BAN FERNANDO DB
APURB
VAL
Dahamas.
NASSAU
CAIV1IAITIBN
TORT I.II1ERTIB
.LENCIA
WEST INDIES.
Cnbai
HAVANA
OONAIVES
JEREMIB
1IRL
:EM1F
KS CATES
IlIRAOOANB
MOLE ST. N!
AU PRl
DB PA
1 MAJtS
NICOLAS
I'reTITJOAVK
PORT
TORT
8AINT
ITNCB
RLACK RIVER
KIN08TON
MANDEVILLB
MONTEOO RAT
POUT ANTONIO
Jamaica.
port MARIA
an a mm' a RAY
BAVANNA.LA.MAB
8PANIBIIT0WN
Poi to II lea.
BAN JUAN
Letters of Credit (CommrWj
and Personal), Drafts and Trai
lers' Checks Issued. Collectic
Made, Trade and Credit
formation.
Corn Exchange
National Bank
Philadelphia
CVMJmrf SVHHl SAMt
iP