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1 FINANCIAL NEWS
' - - - i . i - i i
EVENING LB3D0BRr-PHILADEL3PHIA; THUBSDAY. SEPTEMBER 2i, ,1916.
METAL AND COPPER SHADES LEADERS
IN ANOTHER DEMONSTRATION BY BULLS
United States Steel Common Passes Previous High
Recoro-Outside Demand Sends Stocks Up After
Pressure in Early Trading
i
High Ptfnts in Today's Financial News
United States Steel common established another new high record. Record
earnings expected for third quarter. Stock market became strong in after
noon after early pressure. Grain prices irregular and cotton prices lower.
'Money rates a. trifle firmer in Philadelphia. Foreign exchange dull. Price
of bar silver higher in New York and London. Special dividend of five per
cent declared by Yale & Towns 'Manufacturing Company.
NEW YORK. Sept. 21.
Metal and copper stocks were, the leaders In another bull demonstration In
today's stock market. Most Interest was devoted to United States Steel common,
Vhlch. after selling at 107"4. rose to 109?i, passing the previous high record nt
3W made on last Tuesday. AH the copper stocks were In brisk demand, with Bomo
of these issues selling at new high records.
There was excited trading In Anaconda Copper at tho opening, when that
stock sold as high as 0St4, a gain ot 1 point over yesterday's close, and many,
other Issues made substantial advances in tho first few minutes. ,
For eoma tlmo attdr tho initial trading stocks wero under pressure, with
drives made In the war-order group, causing sharp declines in Crucible and Bald
win Locomotive, and reactions occurred in many other Issues, but before midday
attention was attracted to tho outside demand, which, according to tlioeo handling
many of tho orders, was of wonderful extent and power.
Many stocks wero taken as quickly as they wero offered on an upturn later
in tho day and It was on this movement that United States Steel common was
established In its now high level.
The copper stocks becamo the most prominent features, with Utah Copper
making a gain ot moro than 3 points and crossing SO, followed by Inspiration,
Which sold above 64, and Kcnnccott, which rose to above 64. American Smelting
was moro active than It has been In a long period, moving up from 107 to 110.
Special interest was attached to tho trading In Maxwell Motors because- of
authorized statements In regard to tho business of that company. These state
rnents showed that its output this year Is doublo that of a year ago, whllo'lts
operating cost Is less, and tho incrcaso of 100 per cent in production has been
effected1 with only a slight addition to Its construction account.
International Nickel was another strong featuro, being bought in largo blocks
by brokers who wero prominent recently In tho upward movement In United
States Steel common, Marines and Anaconda. In tho low-priced Issues attention
was attracted to the Green Bay income bonds, In which there was evidence of
' banking accumulation, based on Increased earnings and prospects for a larger
Interest disbursement.
rrSSSb
p" Southern California Edison Company Increases Dividend
LOS ANGELKS, Sept. 21. The Southern California Kdlson Company has de
clared a regular quarterly dividend of '$1.76 a share on the preferred stock, pay
able October 15 to holders of record September 30. Since January 1, 1914, this
Issue has been on a 6 per cent per annum basis.
i
f? Columbia Trust Company of New York to Pay Extra Dividend
NEW YOltK, Sept. 21. Tho Columbia Trust. Company has declared an extra
dividend ot 2 per cent in addition to tho regular quarterly dividend ot S per cent,
payable September 30 to holders of record September 22.
SB
&t
Special Dividend of 5 for Yale & Towne Manufacturing
NEW YORK, Sept. 21. Tho Yalo & Towne Manufacturing Company has de
clared tho regular quarterly dividend of 1 per cent and a special dividend of S
per cent, both payable October 2 to stock ot record September 26.
"COTTON IS UNSTEADY,
, tWITH SUPPLY LARGE
Response to Liverpool. Cables
, Poor Owing to Reports of
j& Easier Spot Markets
COTTON" HELT WEATIIEK CONDITIONS
SEW 10RK. Sept. SI. The. lollowlne
temperatures were recorded In the cotton
licit this mornlnc: . ... .. ...
Alberllle. 40 1 KnomllV, 8St Meridian
nil Augusta, SBi llalrlsh, J hattanaorii.
atiiron ntui Atlanta. ni !SahTllle and II
mlnxtsn, 00) Little Itoek. Thumav lie and
Hnrannab. 02 1 fllireteport. Oklahoma.
MemnhlM. Vltkalinrr. JtlontKOmeiT. l-narirs
and Jnrknonvllle. 0i hon Antonio.
tan
and Ft. Fmlth, tin;
Tl Wlrs Ttlrmlnarhnm
Abilene and Mobile. 6i New Orleans. SO;
I'ensarota. Corpn ChrUll and Taiupa. It,
and Galveston, 10.
NEW YORK, Sept. 21. A poor response
to Liverpool cables was made on tho call
In the cotton market this morning, reports
of easier spot markets having an Influence
In bringing out a considerable amount of
cotton.
The tone was barely steady, with prices
2 to 7 points lower, with the exception of
October, which rose 2 points. New Or
leans and other southern Interests were
the leading sellers and commission houses
continued their liquidating operations. Some
hedging also was noted.
Liverpool sold a moderate amount of
January and purchased March.
After tho call prices receded about two
points more, at which levels a demand de
veloped which carried quotations back 2
to S points.
"Warmer weather was reporte from the
'Sst-th this morning with the exception of
the northwestern portions of tho belt, where
temperatures were c.ulte low, Conditions
were clear and tho point 'na's made that the
next ginning report should be a largo one,
as picking and Withering had been possible
on a large scale recently.
The market was Irregular during tho
middle of the morning. The early declines
carried January off to 16.02, or 28 points
under yesterday's high level, but rallies
followed to about last night's closing level..
Southern spot advjees were more or less
conflicting, and there was .selling here by
New Orleans and the Southwest.
Business became more active toward mid
day. The were rumors, that trade inter
eats had large, buying orders on the market
for execution on a slight decline J also that
prominent Chicago authorities were about
to issue a bullish condition report. These
reports stimulated buying and January sold
up to 16.22.
Trading became less active In the after
noon, but the market lost none of Its firm
sees, prices holding close to the best level
of the noon hour
Test, rlose. Open.
ia.nt
fifioWr 15.83
I)cmtwr ....10. 00
jjmuarr ......lii
liar ......... j".!
July ....... ..11. M
Meet ...... ...lO.UO
lh.bo
liloit
la.1T
1H.3T
ifl.iO
Itlih.
10.O5
'"r3
19.2a
IB At
1B.7S
1sw.
1.1.M
15.UJ
5" ;
It, ..
10.40
.....
Close,
is.K'i
!Si.
18.it
lH.tlll
111. (17
10.13
1 Liverpool Cotton
MVEItrOOfi, Sept. 21 Spot cotton to
day was In moderate demand and 6 points
lower on the basis of Jt.BOd for mld-upland.
The Mies aggregated 7000 bales. Including
C900 fcalea American, The Imports were
14.009' bales, including 15.000 bales Ameri
can. The market for futures closed quiet,
net. unchanged to 34 points lower.
M05JBY us Firmer here.
New York Bond Sales j
ll-lffh Taw
. .lo.iU, iu3,;
:::KS 8a
...mil na-i
Tel cvt 4Jia...lltW Ul
Writ Pop is.... HjK H2i
iur Co 03, D.1Vt
.son cen 4s 1124 0:;"
Close
llMl
Mi
M000 Amer Acr cv 6s....
85000 Anulo-Prencti 0s ..
Ituuo Am Korelirn Bee r.s
4U0O Amer Smelt bee Ua
40300 Amer Tel cvt 44 a
20OO0 Armour
-HUH) Atchison
:iouo Halt a fihin ; lniiv. inns 100s
3000 do 4s ,, HOW BOH DOU
mt. U4'fc vi.
Hilt
111!
U4t
1U3S.
. .1UIIH lOOLt
VI
12.-U4
1113
OfS
7HJ
4UUU do ev 4Vs
?i0() Beth Steel 1st 5s..,
vuuu ao ria tta iu" iuu
1SO0O II rook Hap Tr 01 1018.1UUH 1TO
11000 Can Oov (Is 19J1.....10O III)'
IMUoo do lis lUO. ........ 100 till
33000 do 1931 lOOfi 100'
1'UOO Cal Oas i Clee 3s.... 119(4 no1
4U00 Cent leather 1st SS..102K 102'
7000 Cent Tae 1st 4s 8Bl4
S70O0 Chill Copper 7s . .....K'R 12(1'
4000 Ches and O cv 4His,. M',i M1
:noo do 4 Vis mil, Kyi
C3000 doconvSa 3H 113
1000 Chi at West 4s m)', no1
OIUOO Chi li and Q joint 4s.. B7H l7
.1000 do sell 4s 91 l3
C00O Chi Ind and West 4s.. IVi 77'
3i)(i(l UMtSI 1" conv Ss..l0AV 10U'
10000 do cv 4V4s 100. 100'
3000 do Ken 4Hs lnj 101
31000 Chi Jl I and P rid 4s. Vl'i IV
r.(iii do jj riH4 ,
auuu toi ana oum J si 48. ui
10U0 Con Uss conv Us ll!3'i
CUO Del & Hud conv 4s...lU3ts
:omi da rf.l 4s Ut
1000 Den and Rio Or 4s... 7M.
1000 da rfd Us O'jti
, M)0(t Detroit United 44a .. 79't
liiooo Krla conv 4s Ber A.. 70
UOOO do conv 4s Ser D... KG
looo do prior 4s ., 83
1000 do 1st con 7s lot)
5000 Granhy Co Bs 10.',
S00O (len Elec deb Ss..,...ini
4m 100 Hud and Man In Ss... -.Ml
1000 111 tjtcel deb 4Vss .... Ol'i
33IHH) Iowa Cent ret 4s .... r,7
3000 Interb II T ref 6s.,.. U7K
471000 Inter er Mar ct iHa.lnaU
107000 ad w l Cs U7J,
7000 Ksii City tio 1st 3s... 08
2000 do Bs SDH
4000 Tracks Steel Ss 1930.. UlC
6000 I.k Kb deb 4s 19 JS... 93 Jj
2(100 UelJIT 7a 123H
C000 IxHillard 0 1014
3000 Louis and Nn 4s ... H
lt.000 Manhattan 4s 80'4
40UO Mo Kan ic T 1st 4a.. 73
IL'000 do E.S 70.
20000 Mo Taa w I 4s 04 S
1000 do rv ct Es ...... .'.!(,
1000 do Ss 1020 col ct... U..5i
i'000 Mont Power 6s , UH4
4000 Nat Tuba Ss, lol'i
1000 N V C U 8 8 Vis 75
430W) N V C b 11 Os 113"I
2000 do 3Vis 8JU
12000 do con 4s h.1
4000 do 4Vjs .......... ViVt
nuuu pj x uni & ni j, ist s. v
7SS
5000 N Y City 4s 1B3I....101U
B00O-N Y City 4Hs I860... 103
loooo do 4Ua lbita .100
8uuu do 4 Vis lout loiVs
700(1 do 4 Vis 106.1 110
3000 N YOu II & 1 4 hOU
1000 N Y Lacka & W 4s... VH.
4000 N Y Ont at W 1st 4s.. 79!,
CUOO N Y Rwy adjfis OH
8100O N Y Tel sen 4Vis.... VH
(1000 Nor Pao prior 4s 01
5000 do Jton 3a un
46000 Oro Short L ret 4s... 02J4
1000 PaclCo Tel fis,..,..101H
1000 Pnnaaeii ct 4W...J0H,
MIIIO da IUl 1021 101
1300i I'uoiio nerv n J os...
12000 ilesdlnc xen 4s.......
31)000 llep lr t H 6s
1000 lllo Or & W fit 4a...
7000 Dt I. H F ! w I ..
20000 do rfd ct sta 4a...
13000 do Her A w 1 ....
1000 Seaboard A t, sdj.&s..
IHMMi oo ria -4S ,
iot'4
lid'
s'i
OHK
7
S3
9Vi
?35,
SIS
esi
;;;:;
101
17 i
(14
1U
101.
:i
;lv "K yUilvky in'itook Market Has KwralUd
Tiv money market in this city Is a
ttiiU better than K tuts bMfi reaeatly. rates
the tiafovsmnt to ;tbe aotlvKy of the ateck
nspjiiiir: wIM, .of eewwe. baa sW4 for
( Mteour ori oeUateraL ,
.. .hs. a ma soya tlurji ai a.
asiiiiiii w w - . .. - -
e by MMi Brevaes t wive,
4s) resMei lrw 4 to 14 iw
I fMt M rhat ttfM imh leans
at thM . thw Ma w
lull Jl na sn real
Osmercisa peiwr show Vry. Wtle if any
tUtMBh rates not bvUtf otuumed HMtre tAaR
0wUr for any maturity in Mttw tta.
UVE STOCK QUOTATION
6O00 South Hell Bs.
4000 Houtb Pan 4s.
12000 do cv 4 a
alnnn An cv rrt
1S000 do rfd 4 . j0 gt4
booo Boulh llwy sen 4 .70 Jott
jooo do eon t looK lon
4000 do St It 4s ........ 81 81
jooo Term Aasn at, I. rst 4s Mtf W
JSOOO Teiaa Co cv ls ,,,...105 104tt
looo Third Ava rtt 4s K! , M
1000 Toklo Ca 7HV4 7Vt
2000 Tol 8t I. and W 4s... 63 M
"jooo U H Steal a f Bs... .- J oil
600 do ' rear (Ss ..,,.. 105U 106
2070(H) ViKOUll 6a.. til) Sja inifl
loooo Union l'o lit 4s...,. 98ft U.H
20000 . do cv 4s...... ,.j, 4Vs 04S
000 tTo Rwya HV 4s,,.., 82 S3
eSo VtlC and C 1st Os.. ha tin
4OO0 Vt Kwya 6s..,..,,... SO uhK
aoao wacsan xa os
siihhi vau-r
fiAAO W'BSt 1
Iknnn Whlfna
34)00 Vlwu Cent sen 4a.. bj
New York Stock Sates
tast close. Hlh. tienr. Close.
AcmoTea mi MH tVt) 681
Ajar. Kobber.... ns) CSH 65Ji CS5i
Alaska OoldM MH 13!, J3 13
Alaska J Gold M 7)i 7JJ 71 7I
Allls ChalmeriMft..,. 25 25 24H 24H
Am Ag Chemical 83 83 83 82
AmRettSuzar myi 03 03H 04!f
Am Can C3 03!f 02) i 03,'f
AmCsrAFdy C5) COK 05X 00
Am Cotton Oil W)j mi M!( 55
Am Cotton Oil pf 103 101 101 101
Am Hide & Leather 11 12' II 11K
Amllldeftlrt COU 03)t C9H C3H
Am Ice Sccur'.tkj 28), 28X 28H 28H
AmUDMDd 23) 23)4 23 H 2.1V
Am LloiNd pf 5114 52)j 52(i 52)i
Am Locomotive ?8!f 78J4 771, 78
AmMsltCorp'n H H'l 8M 8W
Am Malt Corp'n pf 30), 40)i 30H 40)
Am Smelt & Itof. 107H U0i 107,'f 110H
Am Smeltft It pf....,..115 115 115 115
AmSmeUpfA 05 05 05 05
Am 8tocl Koundrloj COW C7H 60U 57
Am Sugar Kcllnlnz ill 11W 111 11U
Am Suiar Itsf pf 2J 119), 110)111011
Am Tel & Tel lXtii 133! 133M 132JJ
Am Woolen 47 40), 40)i 40)4
Am Woolen pf 00), 07 07 07
Am WtlUnj l pf 33j 33)5 33), 33W
AmZtneL&Sm 43 43)( 42) 43)i
Anaconda Cop M 04W 05M 04)4 05)4
AtchTop&SF 101U 10j)f 105 105)4
AtchT&S-Ppf 100M lOOJf lOOIf 100)f
AUGu.f&WI 85)4 SS)f 85M 8S1
AUQ&WIpr 07J4 07)4 07)4 07)4
DiMLocoWfcj 80 SO), 81)4 87! i
Bait A Ohio 83)4 89 88)4 SV.i
Dalt&Ohlopf 75)f 75 75
Hcthlcham Stoel 551 COO CO')
Brooklyn Hap Tr 85)4 S5U 85
Huff ltoch & r 100 07 07
DurnsBroj S'JK 80 SO
Uutte & Superior 01)4 05'X 'J
Cal Pctro'eum SiX 23!i 23!i
Cal rctraleum pf CO 51 Go
Canadian Pacific 177) ' 178 178
CasoJIThMpf 81 81H 81)4
Central leather 03)4 07 (II SI
Central Leather pf 111H 114)i llivt 114)4
t-oanoicr Motor lua 105 105 105
cnes a onio 03T 01J4 03'f
Chlcaco Groat West.... 12)f 12!i 12'f
Chi Great West pf 30 30 35)4
Chi Mil & St Paul 05 05). 05)f
.120 12GU 120
83)4 81)4 81)4
.127;' 127)4 120!i
. 10
. 21)4
. 53)5
03Ji
. 40
10S
Chi Mil & St P pf...,
C C O&St Lpf
CM & Northwestern..
Chi III &l'ao
Chile Copper
Cblno Copper
Col Fuel ftlron
Compt T ltec Co ...
Continental Can
Consolidated Gas
Corn Products Kef....
Corn rrod Itrfpf...,.
Crucible Steel
Cuban-Am Su;ar
Cuba Cane busar
Cuba Cane Suzar pf..
Decro & Co pf 02
1S)4
21'f
53''
53
40)4
600
&'.!X
07
80
05)4
3!f
61
178
81)4
CO)
Ol'f
12
35))
05!i
120)f
SIH
127)4
18'i
?r
Iv.i
63
4C3J
47) J
24)f
01)4
3SJ4
63),
45
DlstlU Sec Corp'n
Dome Mines...
Driggs-Scabody,
rlc ,
Erie lit pf.
Erie 2d f
General Kloctrto
General Motors
General Motor pf....
Goodrich 11 F
Granby Consol
Great Northern pf.,.,
G N cfs for oro prop.
Greene-Cananea
Gulf States Steel
Gulf States S lstpf.,
Gulf States S 2d nf..
Illinois Cent 102)4 103
Insp Con Co Ol'i (AM
Int Agricultural pf 40 43
Int Harv Corp'n .77)4 7S
Int Harv N J pf 118 120
Int Con Cov v tcsh... 17U 17)4
Int Con Corp'n pf 73)4 73)1
lO.'l
23
61)4
51
40)4
100)' 107)4 103
137)4 137)4 130)4 137f
15)4 15! 15) 15U
01 01)4 01)4 01)4
01J4 02)4 SS 01J4
201 259 257 259
5SU 63!J 63!, 59"J
01!f Olii Dili Ol'i
02) 02 02),'
47)4 47 47)4
20)i 25 23H
09)X 05 95)4
39)i 38), 39
64)i CI 51
45 41 45
174) 174)4 173!r 171 ,'
...745 703 OSO OSO
..120 12GX 120)4 120)4
... 72)4 72U 72)8 72)i
... 00)4 92 91 91
..119)4 120)4 119)4 120)1
... 42)4 42!f 42)4 42)4
.. 49 60)4 48)4 49)4
... 00 01)4
..101)4 99)4
0U 02H
01)4
09)5
02!'
103
62
45!t'
78
120
17)5
73i
2S
OJJi
CO
434
01)4
99)4
02)4
103
01
45! i
78
120
17)5
73JX
29U
93J4
62
45
Intl'apcr '28 29)4
Intrapcrpr 03H Ol'i
Int Nickel v,t cfs 40)4 62
IntMMcofdp 41)4 45U
Int MM pre or dp.... 118)4' 120! 117)4 120)4
Jewel Tea 88)4 00 89)4 00
Kan City Southern 25)4 25)5 25) 2531
Kan City South pf CO Gl 01 01
Kelly Sprlnc Tire 82 82U 82 82
Kennecott Cojper.. ...'.. 6254 51)4 63)4 64)4
KlnssCoELiP 127)4 123 128 128
Lack Steel Co 83 83)4 82'f 83H
Lee Rubber Tire 47)4 46K 46H 40
Leblfh Valley 80U SOU 80)4 SOU
Man ell Motors 01)4 03! i 00)4 82
Mar ell Motors lstpf.. 87)4 80)4 80)4 804
Maxwell Motors 21 Pf.. 50)4 6G4 6GH 5G)i
Mexican Petroleum 112)4 H3H 112 113)4
Minn St P & b S M....I21!f 121H 124H 124)5
Miami Copper 38)4
Minns. St Louis 7
Missouri Pacific AM
Missouri Pacific tr cfs.. . 4)4
Missouri Pacinc w 1 23U
Missouri Pacific pf w I .. 4'J4
38)i
G!i
4)4
4)5
23X
50)8
4)4
29M
71)4
21)4
140)4 140)4 HOW
107f 107)4 107)i
00)4 GOJi 00)8
27)4 27M 27
131 130!i 131
SO S5)8 86
39
G5X
i'.i
4)f
23
50)4
4)5
30)1
74)i
21)4
30
Git
4U
' 4H
23)1
60)4
AH
30)4
72)4
21!i
CURB ISSUES DROP;
INTEREST LACKING
Exchange Attracts Nearly All
Attention Midvalo Is Only
Stock Activo of Leaders
KHW TOnK, Sept. 81. Nearly all the
outeldo markets were comparatively quiet
today because of tho concentration of In
terest In trading on the Exchange. There
vaa pronounced falling oft In tho volume
of business on tho 11 road Street Curb, and
many stocks In that market receded under
small sales simply because ot this lack of
Interest.
There was accumulation In a few Issues
like Mldvale Steel, but Wall street's fnclll
ties nro too limited to permit activities In
nil markets at the same time, and con
Restlon must be reirnrdrd as a natural
sequence of the heavy trading on the board.
There were only 100 shares of Butter
worth, ono of the new features, vlilch sold
nt TO. and trading In other issues was cen
orally on the same smal scale. Tho motal-1
stocks, however, showed strength, Butte
Copper and Ztnt selling at 8S and United
Verde sold at 414. Cerro de Pnsco rose
from 39 to 3D 9i.
Trading In Mldvale Steel was at prices
ranging from 72i to 7S9J. Thr. stock was
the only one of the standard Issues In which
trading was on a scale large enough to
dcervo notice.
Mitchell Motors, which has been Inactive
for somo time, advanced fror 68 to 71.
Oenernl Motors, new stock, sold at 1G0, and
United moed up from 67 U to nbovo C8.
1NDU3TMALS
Aetna Explosives
TIM. Asked.
Amer.Tlrltlari Mfa
Am Marconi
Canadian Car Co
Canadian Car U Fdy prof..
Chevrolet Motors
Curtlss Aeroplane
Vm,rRAn I'honof ranh ......
. liarxer car
.MIK
Haskell &
ll.n.lae A1
Kathodlon Tlronzo pref.
Maxim jMumnons
Msnnaiinn
Mldv.il
litis
Trans
( riteel ....
Klevntor
.. 10
.. 10.,
'"
. .Sw)
:: Jk
.. 40
.. 23
.. in
.. DH
:: iai
t i'j.
:si
11
lli
A?"
3.1
oij;
I
1'eerlrsn Motors
I'oole Kne;
?1 H Kress w I
rUandard Motors
Htrombers; Motors
.Submarln
Trlnnsle Film .
ITnlted Motors
United l'rollt .Sharing;
UHli & It com
do pref .....................
While Motors
World Film
STANDAltD Oil.
Illinois
Ohio ..... ..... ............
Pratrle Pipe
rltnndard Oil tit California
Htandanl Oil of New Jersey
Standard Oil of New Tori;
OTiinrt oil stocks
Cosden Oil
Cosden & Co
Inter Petrol
Houston OH
Midwest lief
bapulpa lttt
MINING STOCKS
Atlanta
Ilutts Copper and Kinc
Ilutte NY
Cerro do Pasco .
Plrst National
1'lorenco Goldneld
Coldfleld Mercer .1
Ilccla Mining
Howe Kound
Jim Butler
Jumbo Ext .
McKlnley Da r rah
Masma Copper
Mines Co of America
Nlplsslni?
Han TnV . ........ ....
Ht. Joseph Lead in!
West Knd Con ... 7A
Wbltu Oaks 5
' DQND3
Cerro de Pasco Cs ........... ..11 1
Mldalo Cs oii'a
Ilusslan Utim 1U0S
Jo'i
si
r.s
20
an
10
41
7aK
S8-,
OS
fe
10S 17
SCO B61 ,
. i.'ii7 :ui(i
.r,3o r..tr.
Jj. s-il
a
. 12 13
. ISJ4 1R
,. Ot 0(1
i .
"i
A)
3'.)
7
p
.it
mi
17fa
111
3
CO
H
88
pj
an
17
62
0
110.
im
1U0
on-,
loi'I
Mo Kan & Texas AM
Nat tnani & a Co 29JS
Nat Lead Co.. 70
Ner Con Cop 21U
New York Air Brake.. ..110
New York Central 107
New York N II & II.... C0)i
New York O & West.... 27H
Norfolk & Western 130
Norfolk & Western pf... 85,'i
Northern 1'aciae 112H 112JJ 1115' lll'i
uniano euver Min 7 7i 7)i 7JJ
I'acinc Mall 27 27 20 205
Penn Kallroad 671f H7!i C7 67
1-eople'j Gai Cbl 10751 IO8J1 108JX 108Jf
I'tiUadelpbU Co 40). 40H 40!i 40'.
PltU Con c of dp 32' 32H MM 32H
Pitts 0 0 & St h S3 tyji 83H 83H
Pressed H Car Co 6hH 01U 6Si COH
Iub S Corp'n N J 135 135 135 135
Pullman Co 103,'' 107 ICO 100
Ry Steel Bp Co 03 Hili 62)f 63
nyBtecISp Co pf 1005f 100)f lOOJf lOOlf
Itay Con Copper 25) i 25)5 25 '25 ii
Heading 111U 112). 110H 1113J
Readln: 1st pf 44H 41H 44H 41H
Heading 2d pf 40), 40)i 40H 40'X
Kcpubllc Iron ft B OOM 07U MM 07
Ilcpubllc Iron S. a p'....110). 110). 110)( 110'
baxon Motor 4Ji ttls 83!f 81
BbatArltCop 30)j 31J 30)i 31U
Seaboard Air Lin- 15'$ 14i Hit UH
Seibosrd Air Line pf.... 37 37 37 37
Sears, Itoe & Co 20SX 208 207J. 207H
boutbern Pacflc 100H 100'i 100)1 100H
Southern Ry 24'i 24'X 24)f 2 lit
Southern Ity pf 07JX 07. 07). 07i
Standard MUllnj 00 00 '00 00
Standard Milling pf 8S!1 'JOJ. 00),' 00
btudobator Co 12DU 131 128.'i 130,
Studebaker Co pf 110'f 110H 110H 110H
btuti Motor 73 73H 73 7.1.
Tenn Copper 24 25 23)1 25
Texas Co .-. 210 217)1215 217
Third Avenue...., tiM OUj 0112 01).
Tobacco Products; C5K 60 j 65)1 65)1
Tobacco Products pf.... 104)1 104 101 101
Under Typcwr 101), 102)' 102 102H
Union llae & I'iper v 0)( 10 OH 0
Union Hag & Paper pf.. 60)1 60 60 60
United Clear Stoies 10JM 105 103H 10 1 J
United Fruit mi 101 102)1104
Union Pacific.,., H5! 147)1 145)1 147,
Union Psclno pfJ S2X 83). 83 83
UbOIl'&K 22H 23 221$ 23
U 8 Jnd Alcohol 129'. 120'i 127 128
United Hys Iur Co 0 0 0 0
United Ity lav Co pf. . 10), 10)4 10). 10H
U 0 Kubber 53), 68)' 68)1 58)1
U B Rubber lit pf 114 114)1114 114
UBBmH&M... 74 77 74 70j,-
U S Bteel Corp'n 10711 10911 107H 109K
U S Steel Corp'n pf 121 121)1 121 ' 121).
FINANCIAL DISTRICT LOOKS
FOR BIG STEEL EARNINGS
Estimates for Third Quarter Run as
High as ?96,000,000
Mathematicians In tho Street are begin
ning to figure what the net earnings of the
United States Steel Corporation will bo for
the third quarter, which ends on tho 30th
of this month. Kstlmates which have been
made by Interests who make n close Btudy
of tho big corporation's affairs establish
new high records. Because of the high
prices which h.wo been realized on tho or
ders being filled during the current three
months, It is certain that the earnings will
be considerably ahead of those for the sec
ond quarter.
Estimates now being made generally are
for an increase of more than $10,000,000
over the revenue of the three months ended
June 30 last. Some Interests who follow
closely the Steel Corporation's business are
looking for as high as $95,000,000 or $96,
000,000 in net earnings, and the estimates
range from these totals donnward to
$91,000,000.
Sales in Philadelphia
too
on.
M
1T
i
Ot
s'H
7
70
mi
e-ti
8V4
18V4
7
01V.
31H
67
100
Net
Close, ehse.
X&Vfa W
10ft IV4
97', 4
M V
H
4
t'.i
ot
73
70
27 U
l'fa tw
'14 1T
1SH
70 y
0T4
4ttt H
0H4 "A
Vt
S19.
87 Vk
100
V
100 Allls Clml. JSVi
80 Am Smelt, 100
110 Atmo Cop, 85)4
50 Am can.. !"
XO Dald tioco. 88
100 CM O W. It74
S Cam Steel 81V
100 Cruclblo St St
100 Chtno Cop 844
45 Con TNJM
10 O Asph pf 70
XI Ins Co N A m't
400 Insplr Cop 04
800 Kcnne Cop 84 V4
1183 Lk Sup C. 114
51 Leh Nav.. 78H
7J Leh Valley 8014
100 L- V.Tr pf 4tH
10 Maxwell M 01V4
120 Ncv Cons. 21)i
787 Penn It R 87V4
40 Penna Salt 100
20 Phlla Co
cum pref 4t
SO Phlla Klec 28V4
80 P Itnp Tr. 2IH
18C0S dotrctfs21T4
25 Thlla Trao 78H
SO II St Spg 83,,
710 Heading ..ll?l 110-fc
03 do 1st nf HV. 4lt4
10 So raclflc.ioo-., 100i 100 ) V4
200 Ho llwy... Si 44 24 -f- H
25 Tonop Uel 4
into Un Trac 4
115 Un O Imp 88-4
010(1 U S Steel 110
245 Utah Cop. SO
10 W J & H. 4074
100 Cramp & S stjfc
II0ND3
nigh.
500 Cty 3V4s '33 01U
7000 do4Sr'38.101H
2000 K T 1st Cs 07
3000 Ii V gen 4s 00
21000 do cons
4Us 2003.100
2000 do Coal 6s.loi4 10IV4 I04H
1000 Pa Co gen
4tts ...101) ion, 101
10500 Thlla Etc 4s 81 HIVi 81-ti
2000 do E3....105W, 10!d 103
1000 Read gu 4s 03 1)3 93
'11500 Un Rys t c
Inv Es.. 71 70 70
Decrease. -t-Increa::.
41-4
28
21 ',4
21
77V4
83
42 U
281A '.fc
21,4 4
21V4 H
78V4 1
S3 '.A
llt-i 1?4
41
4 4
40 V,
88 88" 1,4
107 110 2
80 00 3
40?i 40i 1
8J 82
Nt
Low. Close, chge.
01H 04-),
101 101
07 07
00 SO
09 100
4-
WHEAT IS IRREGULAR
AND TRADING SMALL
December and May End a Little
Higher and September
Slightly Lower
-ini
rrldar.
) , cooltr
.il TrlJay,
: Trlrlaj.
unit I'rldaj-,
FOREIGN EXCHANGE
NEW TORIC, Sept. 21. The foreign ex
change market opened dull and steady,
the only appreciable chango In quotations
being a slight easing in demand sterling",
to 4.76 11-16. Cables were also 11-10 lower
at 4.76 7-16, Thero was little of Interest
in the market
Quotations: Franc cables C.8&U, checks
E.S&Ti : rclchsmarks cables 70, checks
70 "i ; lire cables CMS, checks 6.4C4 ; Swiss
cables 5.324, checks E.33U '. Vienna cables
12.05, checks 12.03; kroner cables 28.80,
checks 28.78; pesetas cables 20.18, checks
20.13 ; guilder cables 40 1C-16, checks 40ft ;
ruble cables 32.30, checks 32.20.
GRAIN mXT -,VKATIIE-l rORHCAST
CHICAGO. 8pt, 21. The neather fore
cast for twenU-four hours follows:
Illinois ana Missouri l'alr. tonlclit and
lXdajr. somenrhat cooler tonliht south. .
Wisconsin Fair tonlcht and rrldar.
cooler Jrrluar. . . . .
.Minnesota Fair tonight
cooler tonight, nronahty fr
Iowa Fair tonlilit un.
nortliwrst tonlcht.
North Dnkon Fair tr
cooler tonliht, wllli frostt
Houtb Dakotu loir to..
ooi.
CHICAGO, Sept. 21. Irregularity again
prevailed in the wheat market today, the
final tone being steadier, with December
and May a. little higher and September
slightly lower. Thero was not much feature
to the dealings.
A drop at Liverpool and lack of buying
Incentl-e caused a declines at the start.
The trade looked upon the setback In tho
English market as an attempt of the tall
to wag the dog and promptly bought, which
resulted In a rally.
Commission houses absorbed offerings,
and while there were suggestions that
foreigners were lined upon the buying side
there was no evidence on the surface of
their having taken wheat today. At any
rate It seemed as though bearish tactics
had been halted.
Receipts at points In tho interior, whlla
smaller than on tho corresponding1 day a
year ago, wero liberal. Clearances from
the seaboard were moderate.
Beneficial rains wero reported In some
parts of tho Argentine whero thero has been
a protracted drought.
Corn was also irregular, September fin
ishing slightly above yesterday's close,
whllo December and May ended lower.
Oats wero inactive, ending unchanged to a
little below yesterday's close. Light re
ceipts wero forecast. Tho market at Lher
pool was easier.
Leading- futures ranged as follows!
wncai
Open. Jliffh.
Kept...- '.4fttt 1.4U14
Dec..,. 1.40 l.MlS
May... 1.S0 1.6114
corn mew aeuver:
Dee..., 72
Mar... 70
uais 1
pmr.17.Fs OF TRACTION SHARES' SAG
DESPITE DIVIDEND DECLARATION
Philadelphia Rapid Transit Trust Certificates Mo
Active of Local Issues Union Makes New High,
but Loses Gain and More Besides
Nothing of great importance happened
In the local financial district today. On
the Stock KxChango thero was not as much
business done as during the session yester
day, and for the most lyf Pr'" movements
were Irregular and narrow.
As was to be expected, In view of tho
declaration of the first dUldend yesterday,
Philadelphia Itapld Transit trust certificates
dominated the trading, with Union Traction
following closely, atthough tho latter was
not ns active.
Karly In tho session Rapid Transit trust
certificates reached the h.lgh point of 21 T4.
This price, however, Was not long main
tained and beforo midday part of tho gain
was lost. Hy mldafternoon they hadvdropped
below tho final of yesterday, ticarl 17,000
shares having changed hands. There were
threo block of 1000 shares each and ono
of 1E00 shares sold.
The fact that tho Issue went off despite
the declaration of the first dividend
the Impression In the Street that 41L" .
some holders who did not care to Tr.i.1!!
tho payment, but wanted to gtt out tZ '
realize u iiruiii. Having Dought when tilZ
price was lower.
A spurt during the first r,m
Union Traction to tho highest point In tI
vran. but this train i.. V. ' n.
more bosldes. Of this Issue nearly Vila
shares were bought and bom.
Lato In tha day interest was swllehsi -United
Statos Steel common. hw tfcll
stock hit a new top record for this tii?
kct. reaching 10Di. This comnrc4 wis
n top marl: of 100 W; In New Vork.
Whllo thero was moro business dons 1.
arbltrago Issues today, tho local sh&resBri
dominated, nearly twice as many of thll"
selling as the stocks which are listed fl
PHILADELPHIA MARKETS
GRAIN AND FLOUIt
TVIIKAT Receipts. B0.103 bushels. Ofterlniti
wero light and the market ruled nrm and lo
hlshcr undrr a uood demnnd. Quotations' cT
lots. In export elevator No. 3 red. pot. I1.4H0
l.nii No. 2 onthern red, IMiltf l.9l tff-njr
No. 2 red. t.4Sl 4Rt No. 3 red. tl.lW.W
rejected A. S1.42;1 .'! rejected 11, SJI.SOOI 48.
CORN Receipts. 4000 bushels. Tho market
wa quiet nnd unchansed. Quotations 1 Car lots
for local trade, as to location Western No. 2
eilow. P0O07CJ western steamer ellow. OSO
Hllc: western No .1 yellow. V3W0!c: western
No. 4 yellow. OllCOlc.
OATS Receipts. 4(1.424 boshels. The. market
ruled firm under moderate nircrlnsrs nnd a fair
demand. Quotations! No. 2. white. MOMVici
standard wnlt. Hi's (tr.lict No. 3 white. BO "4 W
Olr: No. 4 white. 40cnc; sample oats. 4nW47c.
KLOUIl Receipts. 408 bhl. and 311.437 lbi.
In sacks. Tho market was dull and largely
nominal. Following . nro tho nuntatlnnsj Per
11)0 Ihs. In wood: Winter, clear. I'lyJ.-Jji."!".
atrnlsht, SO.737.10i do. patent. $7.1507.0-:
Kansns. clear, cotton sacks. 0 00W7.Hi: do,
strnUht. cot to.) sacks. t7.OOW7.80: do. patent.
ipriPK. IIIBl tltni.
fiH 23: do. favorite
cnoico ana lancjr
patent. I8.B0W0: city mills. rBuiar AzT
Winter, clear. lOWU SV do. straight, J0.03O
7.10! do. patent. 7.ir.7.0- , ,
IIVB IXULrt was quiet but steady under small
supplies. We quota JU.50C7 per bbl.
PROVISIONS
Thero was a fair Jobblnc trade and prices
ruled firm. Quotations: City beef. In sets,
smoked and air dried, :13c: western beef. In Bets,
emoked. S3c: city beef, knucklfs nnd tenders,
smoked and air dried. 31c: western beef, knuckles
and tenders, smoked, 34c: beer hams, ilaUM,
pork, family. J28OJ9.B0: hams, S. P.-CUf'd.
loose. 200204 CI do, skinned, loose. 210214cl
do. do. smoked. 22022V4C! other hams, smoked,
city cured, as to brand and tneroRe, 21J4c: hams,
smoked, western cured, 2H4ci do, boiled, bone
less, .ttc: ptcnlo shoulders, 8. I'. cured,
loose. 14-4 c: do. smoked, lBMc: bellies, In p ckle,
nccordlna- to a erase, looso. 17'.sc: breakfast
baron, as to brand and overs go. clt-s fureii,
2214c; breakfast bacon, western cured, 22 c;
I...1 .(.,. Aflt.a tfm . 1114. n: do. do. do.
tubs'. 10"i c: 'lard, puro city, kettle rendered.
In tcs., ln?.c: lard, pure City, kettle renasrea
in tuus,
;c; lard, puro city.
HI?, c; lard, pure City.
lot. c
REFINED SUGARS
The market ruled firm and was arain 10 points
lilchcr. but trtda was quiet. lletlners. list
prices: Ilxtra line granulated. 0 00c: ppwaerea,
1! 7iic: tonfectloners" A, O.BOc: soft trades, B.3
0.10c.
DAIRY PRODUCTS
- UUTTEn Tho. market ruled ery firm and
prices advanced "",4 c on solid-packed creamery
and lo on prints, due to llftht offerings and a
fairly actUo demand. Quotations: Western
solid-packed, creamery, fancy specials, 3!c..
extra. 3H4 Si35Hc: extra firsts. 33 O 31c: firsts.
S2321ic: seconds. SlWSl'.ic: nearby prints,
fancy, 18c: do, average extra, Bi.37c: do,
firsts, "13031c: do, seconds, 111 32c; Jobbing
ales ot fancy firsts, 41041c.
EOaS Fine new-laid eggs were In good re
quest and firm, but much of tho supply was
of unattractive stock, which was dull and weak.
Quotations: In frea cases, nearby extra. 3jo
per doi.: nearby firsts. "0.00 per standard case;
nearby current receipts, 0.C0 per ease: western,
extras. 35c per doz.; western extra firsts, 19.00
per case: do, firsts. J0.30O8.00 per case; re-frlf-erator
fags, extra. 9 SO per easel do, firsts,
S8.70O9: do. seconds. 7.8O08.4O per case:
fancy selected candled fresn eggs were jobbing
at 40O42O per dol.
CHEKSEruled firm under light offerings and
a fairly active demand. Quotation follow:
New York, full cream, fancy. 1U P20o; specials
higher: do. fair to eood. luwiuvic: pari
11 w lie.
fairly snd ruled firm under light effertosi.
Quotation are a follows: Frejh-UllM. 4.
packed fowis, 13 to box, drr-plcked, tuL
elected, 2 to: do, weighing 4Vi OS lbs. iJ
23V4ei do. '-hlru 4 lbs. apiece, IlePiV
weighing 3H lbs. apiece, 22cj do, weighing t Its,
npltcs. 20021c Fowls, In bb1s Ica-pieiiti.'
fancy, dry-picked Northern Indiana and lia.
nols, weighing 403 lbs. apiece, 2Sc; soatatra
inaisna mi iiunQis, wrisning iuj its.
2sC
K
cnicHcns. weaiorii, . wei.ninir rfuft IDs, Mr nai.
cnicmnw uriinins '' I". Per sale ?
:3c: do. mlxeil sixes, 2262JC. tirollers. ji- "3
Inllaaaaa .. T. - - a
rSL'lMR
2..C!
aa'
wela-hlna- 1 '4 U2 Ihs.
nesrby, smaller sixes,
Ing 11 to 12 lbs. per dozen,
sprlna-. 21c. Squsbs. per dozen White. Zftltll
nil j .::-r
init
nvatt
02.00
nun tl sk .h. S ,
S lbs. tier donn. S4n. sh, h .,?? 48
T lh. AM nnn Kl. ,WK. 7 1- " Ifl
., S.-' V .'t,l. HiiW4,tl Dn, W.r11n
lbs. .per ilozen, I2.7BB2 tiut dark. Ti a
II and No. 2, CUcOtl.23.
Init 0 to in lbs. per dozen
weigning
bs.
small
VEGETABLES
White potatoes. were steadily held imt e.irf
Sweet potatoea and onions wero firm. Ctuotf".
White potatoes, Pennsylvania and Ntw VaS
isslva
15(tl
fancy, per bushel. 31.lStiei.lH.
per dpi. fto. x i.asiern enore.
2 Rastern 8hore, II.
i2.ruiV2.4o: No.
Norfolk. 11
potatoes, jersey, per DSKt.,
tnes. Kastern Hhare.
1.7QI NO. S, .I1.V1.U,
namper. siui.ia
.35.
23tl.Bllj N
iiiyis'ic.
tt hit. ,....''
t2Bui.!r"KW
B0W2,73rAa
IS'. J-trfolx,
01. BO. WhlS
?er r
J2
per bbl. No. 1
unions. I'HinM
do. do. per WO-fu "iu.
T.-fit'
,i. '""
v.'""zniiit.
; part Bklms,
44-4
47k.
B0
RATES FOR MONEY
S'ew Tnrk
I'lill.inhla .......
nuiH a
Time.
;. Li- n
al naper. threo to alx montha. lMilla.
delchla, iitttili per tent.
Chlcaco
IICRO . . . .
Commercial j
V T 1st ct t p... Ij.J' J2-1
a Cent gsn &3 63
Sugar Futures Hlg
effls?
msi
Its' I to cw and helC
.Kra ad Trrnvra, fb SOI
I VI i-lvcs 41 as
tl
,&&.& vXftUXSMt
er
NEW YORK, Sept. 2i The sugar
future market opened Arm, 4 to 12 points
higher, with a eood demand coming from
trd tntereata duetto a firmer spot market,
with the tendency there for higher prieeo.
gaUs on the call wer 3860 tens. Spot Cuba
rawa this morning were Quoted at 6,77c.
T American ugr Raflning Company
bought 100,000 bags at the above price..
VaW
le.lfct tubs. AmpM suwllts of
S L BUTT BR Recel pt ,
Dues oi baa raaa rrm.04
stum staadr. an
Crash grades.
otfier gre
NBW YORK BUTTER AND EGGS
TOHK. Ilept
TrAaAtAK flUtlM. 1
zsurrzurzx.
Una, Mtini ra4w
MC satUtln
BAR SILYBR
7n 1imUw bar !- toy wa (juoui al
M. u H4. '
Cnisirntl bar sllvar was uot4 U Kw
TkiU ta, up i
, lapi erases of
R freely
raw spa vwa swm.
Utah Copper S.7
Utah Becurltles,.., 19
Vft-Csro Cbcm 43'f
Vs Iroo, Coat & C 62
Wgtuua. 14's
Wbah pf A KM
Wtbub pf tt 27'f
Wells Fargo Erp ,123
Wtt-n Uu-oa Tel OS
WetK A M UH
Weotero Marylaed 30H
Wueel & Uk Brie 4
Wlteel & V X lit Pf,... 12U
W ii Urwi-ad 40
Wlj OrsrioBd pf .105
Witeeas.0 Ceatral,,.,,, m
Woolwortb 1 W 137
WMUUBgtOB I'lMBp..,.. -U',
DO i K8 OJ
lU'i 1 10 1 1 1QH
43U' 43
C2U C2U
14U UH
COH COM
27J' 27.
128 123
'08'' mi
OiH 03U
SW 29M
4 4
12)( 12),
4S)f ASH
105 106
U Ui
13SH 138
38 83
43 Ji
o2-
14.
60H
27H
123
OS'i
04 H
20H
A
12),
40
106
3J
Fine Granulated Advanced
NEW YORK, Sept. 21. Howell and the
-federal have advanced Ana granulated1 25
and JS ola4a, reeooetlv!, to .7(e, VfUUe
the Ameriaaa la now quoting V.tto un 19
pole. Tf(tMe Mat Arhuehtoe are irtill aut
of the market X ssOeia MWat Cuba rawa
baa juat beea made to the Federal Suar
uuIm .VMMManv mi I ael. aua ii era sal Saf
il pat- - UH
BANK CLEARINGS
Bank clearings today compared with corre
sponding: day last two years.:.
1018. 1015. 1014.
Phils 47,24S,B2d t2H,miO,eOO 21,BU3,:t8
Iloston 30.liSa.143 21,11.1,043 17 324,707
New York,,.B58,nul,64S 8'.l,r,ll7,ll'J7 1)1.1,1144,401
W. Ixiuls ...I1K.30B.J80 i2.ao,p81 10,ll,tl7o
llaltlmor ... tn,244,lU7 S4.UJ3.1HO ...'..,:.,;
Chicago ..t. 71.010.023 B4.-J50.41g 41,408.244
NEW YORK COFFEE MARKET
NEW YORK. Sept 21, The market for
coffee futures today opened Irregular, first
prices Bhowinc: a decline of 3 points on De
cember. Other months advanced 1 to 4
points. Trading on the call was quiet with
sales 6210 bags.
The market did better after the opening,
hut sentiment appeared to be more or leja
unsettled and business was not large, sales
at the- end of the first hour amounting to
11,250 bags. The local spot market was
quiet, with Rio No. 7 quoted at 3 "4c and
Santos No. 4 at 11 Vic.
Today's
opening.
Peptember ..,,.,.... ....,,,..
October .,.,,..,....,. ..........
November ,.,,,... .j.i.,
llecember V 8.7Ut8,71
January .,....,.,., ..,.,..
February ,.,, ....t....
Hsrch "G8'.""
Sept
Dec...,
May...
Lara
Sept... tHB7
Oct.... 14.11(1
Dec... 13.U3
Ribs
Sept... 14.00
Oct.... n.i r
Jan.... 12.0 J
1'ork
Sept... 2S.07
Oct
Dec... 23.60
Old. tAsked,
PrvW
MM
73
764V
45S
Bli
14.72
14 OB
14.00
14. B3
14.16
13,70
I.OW.
1.48
1.40
Tes'daT'a
Close, close.
11
44T4
47H
80'.
tl.40i
l.BOti
'J. 01.
B0T4
72
70S
4.1H
47ts
01
1.4U-4
1.4"4
1.80I
80'
73
776
243
48
51'.'
14.01 U.Vi
14. SB fu.n.i
13.03 J14.U(1
I4.r,.i
14. ir.
12.00
23.07 28.00
I3.7B
23.00
14.BB
114. IB
U2.70
2S.00
12B.00
J3.7S
14.70
14 00
13.07
14.60
14.27
12.05
2S.07
120 OS
T23 05
Nominal,
cv. 1
fair to eood. 10 01
T7T,r-C!TT WTJTITTe
Choice stodk sold fairly and values generally
were well sustained under moderate offerings.
Quotations: Apples, per . bM.- ""orthwe.tern
(ireenlng. tSOSIiOi blush., I3.B04.B0: primes'
olden. 12.7Bna.B0: umokchouse, t2.750 BO:
Wealthy, l2.7Bis.'.,B: Duchess, 12.2302.75:
fair to Kood. 12U2.B0. Apples, Delaware and
Alaryiana. per namper raacy. .iji.u
to good. 3BO70C Lemons, per pox.
Teaches, fs'ew York, per basket. 83il5ci do,
do. per bush, basket, gl.SBUl.'Bi); do, Virginia
Vlrgl
per carrier KiDerta.ji.nuw; iieiic, ..
1'ears. New York Dartlett, per ddii
Delaware Concord. Per crate. 7B
do. per 4-id. tiasaei,
v. ........ ,,t'-i -,-.. -ufi,
er v-id. uaaaci. owi'.tj
per basket namson. d
green gage,
.25: fair
:. iBWO.
$l2. mi.
: ao,
zlnla,
o2.
.".ft.
LOCAL MINING STOCKS
TONOrAII STOCK8
.Tim Tlutler i. 8ll "ti
MscNamara 0.1 'y
Midway i 24 M-
MUpah 1-xtcnslon 21 .n'
Montana ., 'ji
Northern Htar IT ,i,
Tonopuli rtelmont 4 B.tC 4 t.H,
Tonopah Kxtenalon 5 0-10 S lf.il
Tonopnh MlnlnR SK ft '
Rescue Cula 21 ,s
West End 7$ ,)
GOLDFIKLD STOCKS
Atlanta 10 .111
Hlue Hull 02 ,M
llooth ,i......... ......... ....., .11 JJ!
Ilulldoe til M)
COD , OV M
Combination Fractloi n.i .ft
Dlamondfleld II 11 0. ,d
Daisy OJ S
llorenco 4.1 ,47,
OoldOeld Consolidated 74 'til
Ooldfleld Merger 07 ,m
Jumbo Extension 31 ,l
Kewanaa 00 .11
Oro . . 04 ,K
Snnd Ken 04 M
Silver rick 10 J
MISCELIANnOUS
Kavaila.IIlll .23
Nevada Wonder 2.10 J.JS
Tecopa Mining 10 ,14
lillc
Pltima. New York.
c: l'rune. native:
25030c.
POULTRY
I.IVB sold fairly and ruled firm with
piles well under control. Following;
tha ntiAtntlAnft TTmvla. as in nualltv.
:2c: roosters. HW"i:a: sprinE cairaena. accoru
lng.to uuality.
hits
'f
cording to quality. lb02Oc: ducks, as to stxs
JDVIDC! PIKFUIIH.
and Quality,
25V28c: dn yojne,
DBESSKD Fins
per pair. 1822c.
deslrable-slxed stock
up
are
OS?
Leghorns,
14 ..ner pair.
old
Spot 'Wheat Ebb- at Lircrpool
MVERPOOL, Sept 21. Spot wheat was
easy today, with No. 2 hard winter quoted
at 13s 8d; western winter, 13a Cd; No. 1
northern Manitoba, 14s 2d, a decline of 2d;
No, 2 northern Manitoba, lis, a loss ot
2Ud. Chicago spring wheat was quoted at
17s. Corn was weak, with American mixed
4d lower, at 10s, while Flate showed a loss
of 4d, at 9s lOd. Flour was unchanged at
51s.
Test, -close.
4H ui
S.V3
iay ., ,f, .............
JiliV ............. .....
BIO.
(S.02..03
M IM
8 01
H.7Sp,70
M.7XMN 74
8.7B08.T7
8.770H.7H
S.7U&8.60
.,. ...
..........
DIVIDENDS DECLARED
.First National Bank, regular quarterly of
2H par cent payable October 2 lo stockholdsra
of record Beptember 29. Checks will 1 mailed
Massachusetts Oas Company, regular quar
farlv nf SI. 25 ner ahar on dmrann atnV na.
abla November 1 to stock of rooord October 14.
Ontral Axulrro Buxar Companies, quarterly
of 2Si per cent, placing tha 13.000.000 stock
on a regular 10 Jr cnt basis.
Change in Federal Reserve Rates
The Federal Reserve i Bank of Philadel
phia is notifying its member banks that
"under the amendment to Section 13 ot the
Federal reserve act a Federal reserve bank
may now discount member banks's own
promissory notes running for a period not
exceeding fifteen days, provided such, notes
are secured by collateral In the forr.i of
drafts, bills ot exchange or bankers' ac
ceptances as are cllgiblo for rediscount or
purchase by the Federal Itessrve banks,
or by bonds or notes of the United States.
The local bank is also notifying the mem
ber banks that the ten-day rata on com
mercial paper, which has been In effect for
this bank. Is abolished and a uniform fifteen-day
rate ot 3 per cent for both
commercial and member-bank paper has
been approved.
Tenwia Co
3 par
of
oal Company, raaulsr nuartarlv
wot on tb preferred stock, payable Oe.
auar
"
tarlr of !
Uo.Octoli
toSsr 19, 1016, to atockboldsra of record Outobtr
2, 1016. Checks will be mailed.
Central Coal aud Cok Company, rsgular
in vt seat on ins preierraa steak.
vt'-s-H VVUHMT AD
OraBtnr Consolidatsd Mining. maUla"r and
i-ower -oimhj. W""r. jwarKrir or 2
in jsarwsvsr , u stk er
uvchlii
Souks clow. BeoUmWr W.
ur Btrrw awu
pr
. lW tanisttoa- CmiBay. rsgular ouarUrlr af
Jt aesit oa'ffca .prsfarrsd, stock. twrftsV"
slr il '".a ' rsr4 OsotsuUr J7, .
yuuj OU ?W.Tw.,t. .Bar
Uaasajhaawatta flu Cscsmumt's isnal iSSiufr
B.Aai
PUBLIC SERVICE
T ,--"MMMMMBMMMMMMMMMsaia.--M
SECURITIES'
The JepenJence o( Municipalities on
Public Service Corporations if the
strength of their securities.
Wben efficiently managed and located
in thrivin(( communitici, tfieir growth
is in proportion to the growth of the
section that they serve, '
In coniequence. as there ii uiually little
or no competition, and as output is
title, tha element of risk is reduced to
minimum in the purchase of high
elau securities of that olau. , a (
"rY specialise in high-elan putlic serv
ioe MeuritiM, and have ! that
wa untiualiftedl-r rMojasBatvd, yielding
from 42 to $1 oat.
Send for detailed deMrJption.
B&ken
September Invest
t 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, tha
circular continues our series
of explanation of banking
phrases with a brief discus,
alon ot
The Investment
Return '
Edward B.Smith & Co
BsiiEUingo 1803,
BANKERS
lrmtrra 7"w TorHc aS
rhUattlpMa Stock Bzchaw
1411 CnssTMSi St., FuiUDtxrau
80 Piss HTSSR Ksw You;
Steel Alloys Corporation
(Molybdenum)
Bought-Sold Quoted
Write for Circular No. 2,
E. H, Clarke
87 VU.IJ'A-I ST.. N. Y,
ELKINS, MORRIS & CO A,
BANKERS
Land Title Building
PhilMlelphU
New Yorlc
Connecting Railroad
1st 4iss, Due 1953
. Guaranteed Principal
and Interest by
Endorsement by
Pennsylvania Railroad
nnd New York, New Havca
and Hartford Railroad
Empire Gas and
Fuel Co.
IstMtge. &,Coll.Tr.S.F,64
Yielding 6 Tax Refuwi
Present Earnings 7 Timer
Interest Charges
Welsh Brothhr
8843 CHB-rrNDT Strkht
rhllailelphla
INVEST IN MORTGAGES
AT 5.4
Recommended Ly
BEN T. WELCH
1328 Chestnut Street
DIVmUND NOTICBS
I'HIIjVDBUHIA RAPID TRANSIT COHI'ANV
FMladalahla, 8ptsbr 3d, 1818,
A dlrldsad ot or emt. or one dollar par
sbara. has ,bo Ml4r4 out of lbs aurvlua
TV W
sV S . sj ,
Yckuv
siark pf tkls Company, payabls OftuW flta,
liTe. to aharjhoWs pt rsoord at tb cloaa Si
biilBson,Octcr,4tn. lie.
Traamsr beaks will rawala aew.
R. X. SHLraiDW.
Srtrr HA fraaiwar.
masemAvmtAsm
j
American Gas Coj
CapiUl Stock
"At present prices
Yields about &z ';
Ifll I) I) 1 Y.L&am
n nnam r. oononeBi v
MORRIS WISTAR 8TP0uD
437 Chert-SCPiuUd
ltTaaasai Vnsli nnatius
Wllllaw0l?fltoBb'rtt Co, J3o-rtiMV
Wfl
WE OFFER
Empire Gas Vutl 1st , '
Crew ITlek Co. 1st . lil
HuBtlnstoa' DeveUvtatnt 01
JI.
KiiukHe OH ts Oas 1st . "
lit
MLLOR WETRY
x. y, rwu -
Ml PHJH-(aCUa, TMtlST Wft