te
tfVi&NlNG MMEK-tHiLADELPHIA, MONDAY, SEPTEMBER 5fc, 1916
FINANCIAL NEWS
WALL STREET ENJOYS GREATEST
DAY'S TRADING SINCE MARCH, 1907
Many New High Records Established in Business Which
Passes 2,000,000-Share Mark Demand Offsets
Liquidation Reaction at Close
High Points in Today's Financial News
Stock market continue! strong and active, being the fifteenth million
eft are day. Many new high record established in biggest day's trading
since March U, 1907, the panic year. December and September wheat
touched new high marks, but closed heavy. Cotton strong. Foreign exchange
dulL Money rates unchanged. Philadelphia bank statement showed decrease
in surplus and an increase in loans and individual deposits. August exports
of United States $510,000,000, the greatest in history. Copper prices with
held by producers. Price of bar silver slightly higher in New York and
London.
NEW YOnK. Sept 25.
Duslness on the Stock Exchange today was tho largest since March 14, 1907,
the panic year, when the transactions for the full five-hour session totaled
1,621,000 shares. Today tho 2,000,000-share mark was passed by 2 o'clock, and it
was the fifteenth consecutive day of upward movements In stock prices.
While United States Steel common was tho leader advancing to tho new high
record price of 120, or within 1 VI of tho price- of tho preferred, the demand for
other Issues, particularly the coppers, was also great. There were many new high
records established during tho day.
At times during tho day there Was wild trading In United States Steel com
mon, the crowd around tho Steel post being very largo. Tho opening In Steel
Was recorded at 25,000 shares from 118 to 119. Thcro was a largo accumulation
of orders for that Issuo when the gong opening tho exchange at 10 o'clock was
Bounded, and Immediately there was a scramble to buy tho stock.
Largo block of stocks exchanged hands at frequent Intervals and, while
there was much profit-taking throughout the day, the liquidation was more than
offset by tho continued new buying and rebuylng of sold-otit bulls. This resulted
In high records being frequently broken.
Nqws that producers would not glvo quotations on copper resulted In further
demand for the copper stocks, with tho result that many of them hit now top
marks, chief among them being Anaconda! Utah and Inspiration. Reactions
occurred In these stocks after the vigorous upward movements, but ns these
Issues receded other groups advanced. The minor steel Industrials found many
friends, with Colorado Fuel advancing more than 2 points, and Republic Iron and
Steet moving up nearly 5 points.
In the afternoon the railway stocks commanded most attention when concen
trated buying appeared In Reading and Union Pacific. There was again accumula
tion of Union Pacific, which caused more attention to bo paid to predictions of a
dividend Increase In November, and that stock advanced from 147 to 149.
.Reading, after selling at 111, moVed up to above 115, passing Its high record of
114, made on September 14.
Large Interests were not In sympathy with tho advance,, Representatives
of some of thoso important operators who initiated the upward movement In
United States Steel nnd Marino Issues looked on the market situation as having
attained a dangerous height, and they Insisted that tho market was honeycombed
with stop orders to such an extent as to make sharp reactions a natural sequence
to tho record-breaking advances.
This honeycombing was Indicated by sharp breaks, which occurred Just beforo
the close, when Reading quickly lost n, good part of Its gains, and United States
Steel common dropped to below Saturday's final prices,
CURB LIST IRREGULAR;
MIDVALE SELLS HIGH
Aetna Explosives Also Advance
on Assurance of Large Or
ders Motors Are Lower
NEW YORK, Sept. 25. Some of the
stocks traded In on the Broad Street Curb
today responded to the activity and
strength on the Exchange, with a display
of heavy dealing and pronounced strength,
but the activity was confined to a few
Issues, and, while some stocks made gains,
others sought buyers at concessions.
, Mldvale Steel Was naturally Influenced by
the record-breaking movement In United
States Steel common, and advanced over
one point to above 76, making a new high
record on this movement.
Part of this buying was due to the fact
that many hoped for dividend distribution
m. week from Wednesday.
Aetna Explosives had a special reason
for the display o'f strength In the new ar
rangements made by which the company
will be able to handle new large orders
Llmut which some uncertainty prevailed a
week ago, and that stock made a gain of
more than three points from Its low price
of 9 this morning.
Submarine moved up a point to 41, and
Ohio Cities rose 1 point to 76. Slnco
concentrating was again In demand, sell
ing at 4 to 6 with a good deal of Impor
tance attached to the announcement that
the zlno Concentrating Company has just
closed a contract with the Milwaukee Lin
den Mining Company for the handling of
its entire output.
The motor stocks were Irregular, but
generally lower. There was a continua
tion of the vigorous buying of Standard
OH Issues, with Ohio Oil moving up from
370 to 278.
INDUSTRIALS
Attn Explosive!
Arasrtcan-lJrltlsn Mr
American Marconi
Canadian Car Co
do pf 4
Chevrolet Motors
Curtlss -Aeroplane
n I'honpsraph
Haskell Darker Car
llendee Mf , , . .
Kathodlon llronss pfd .
Maxim Munitions . .
Manhattan Transit
Wldrale Steel
otis Kiev.tor i"ii;i!;i;.i
rwleee Motors
H 8 Kresge w I ....!...
standard Motors . .',,
niromMrv Motors .-J..., ......
Did
, 13
Submarine Iloat
Trlanaie.Kllm ..
Vnltad Profit Bbarlna- ,
ilea
Unit
V 8 U
do pfd
Vhll. Ma
"World Film
'rv;
aiotors
it xora
"Whit
klotors
,,t...,i,,,i
STANDARD
OIL
XIMjwls ...
PralrU Pjp ,
M O ot" Callfornfi
V O of New Jeraty
TO
M . OTHER OIL STOCKS
mmr rnryi
jlwveit Reflnln
. . MININO STOCKS
AVMni iittlll, ,
Kit. nt.v, -. ...v.:;::.
fe
-r 1 1
P
WO .4 PlKO,,,.,,..!,,,,!,,
lion
18
New York Bond Sales
HlRh
.101)
I1100U Amer Akt deb Bs
37:1300 Analo-Krench lis
41MKMI Anwr Kor Sec Bs OH
400300 Araer Hmelt Sec Cs...ll7
371)00 Amer Tel clt 4s 02
4000 do ev 4s 104H
32000 do ovt 4V ..111H
L'OOU Amer Writ Iao Gs... 2I
0000 Armour Co 4 Via 3J
3000 Atchison iten 4s 98'.
1O000 do adj 4 H4H
1000 Allan Co Line clt 4s... 844
1000 Halt & Ohio 3Via 92.
noun do Bs ........ ;;.!loc)V4
21100 do 4 ' 01
3000 do cv 414 9.1
M4
Low Close
100 100
93V1 0.')V,
USH 1KV4
114U 110
uiti am
104 104V4
111W lllf!
984 V-1
03H U3V4
"4 844
J4 92
100. 100V4
Ul 91
23000 Ilrkn Rd Tr Bs 191H..1II0U inntT inni?
U..UV jiikii uu civ isi its.,
1000 Brkn Un Oas lat 5s.,
BOOO Can Gov Sa 1021
11000 do 1920
1(1000 do 1981
lBOOO Cal Oaa tt Elect .1...
SOW) Cent leather 1st Bs.,.10:
14000 Cent Van 1st 4a K
zmiu cent it j tea Bs,,lin
04000 Chill Copper 7a .,131
inoo Ches & Ohio cv 4Hs,. 83T4
B0O0 do 414 b 90U
811000 do conv Bs 94
3000 Chi t Alton 3s...v... Bl)
23000 CM U & Q Joint 4s... 97!
10000 do gen 4a 3i
1000 C M 1 HI p (en 4s., 92
8000 do conv Bs 10il?4
2000 do Ken 44 102H
4000 C II I ft P 4 83
12000 do ns ns8
2000 Col lndu.t Bs. '.''..' m
2000 Chi Un 8ta 414s 100W loo 10014
looo Con Gas conv its 124 124 124
8000 Den ft Wo Or rfd Bs.. 7 7 07
9000 Detroit United 414s.. 80 NO 80
10000 DIs Secur Corp Bs.... 74 7814 73U
B00O Krl conv 4s ser D.. HRJt 80 88H
10000 Granbv Co ata (la. ...100 10B14 108
2000 nen Blec deb Bs... ,1014 mil? ioU
8000 Hud ft Man In Ba 27 2W4 2T
20000 III Steel deb 414 s 92 92 92
looo Jovta Cent ref 4s BiiU nnH BnH
1000 111 Central rfd 4s.,.. 80 89 80
r.ooo Interb Met 4Kb 73 73 73
B7000 Interb 11 T ref Bs,.. 07 07 07
10000 Int Mer Mar Co 4V4S..108H 108!4 1U8T4
130000 do W I 117. 974 7S
3000 Japaneas new O S 414s 82H 82V4 8214
3000 K C Kt S ft M 4s;... 70 7B 7B14
1000 Kan City So Ba 80 80 80
nnOO IjirlfH. RfaMkt Km 1Q11 inn Hin 1in
Aiyuu leicxa olI 01 1H3U,, HftV
JIWVI
1U1 1U1 1U1
10T 107 107
100 100 100
80T4 0 00
loon looi iooH
nov. naiz naix
S 102 102
a An sii
115., 11B
180 130
88 83
OOU 90U
91 93
60 80
1)7 OtC
03 IISV4
02 02
10(1 1
102 1
83
A8
HI
0
102i
8314
BH
HI
000 Lake Bhorx ren au . kid
10000 do deb 4a 131 04
1000 Manhattan Sta 4a 93
1000 Mex Pet Co s Ser A., 11 8
nuou Mo Kan ft T Bs.....;, 70
H3l1
101S
.lis.
, 8A
. o:
,101
.10044
.101)
. 8BV4
.110
t Nalli
rsaca uoidnaia
Mefd Msrcer
!lf llttttf
ltt4fl
)
iULAA,
tftttlA Mlnlnx
lava Bound &
Im.BUtWJI1 mtkW91P ?
DO SXtSltaHOII iiaiiti.aii.n BV
latsr Darraa .,...,,.,.,.,.. S
'Onpsr .................. iv
of Amarlcja .............. 2
..a., a
. , . IX.,
tdaud.,.,.,.,.., IS
. ......... ..eft.f
T)HT1
da Tasoo e..,....,,,.,,.,,114 ,
K '1X ALL,i" f ' '"iS!
m
gya Co
(
lltTtlfsJ,
f f t
zi'Wi:::
..u
1 4fllri
l'lillMllfliia Cempmny KaralBja
of noM mjaA ni Mratan of
rSsSFaJz. Atinri!'i. .:
swrsBoaiB psnads last year
ku axM' DtiPARTuwrr.
SnBK&f't
' OK sWBfAJHWWra
!?.
luut and rowwt wtrr.
t" "iH-flf "(
::: IMM
&MI.WAY DaWAMTlUMT
"UHB
tOETAl. AU UBP1T1WT
arasst
, . . . ,t.
m
BOOH Nat Tuba Ba.
1000 NICIil 3a.,..
02000 N Y U ft Hud Us....
16000 do con 4a
28000 do '4
ftooo N Y City 4s 1900,
2.1000 do 4 a 1003 .
2000 do 414s Nov 1057.
1000 N Y Gas II ft P 4a..
18000 N Y N If ft It am...
10000 N Y Ont ft W 1st 4s,
i.uvw .- x jury naj urn
4000 N Y Stale 4 a res
18000 N Y Tel n tlii.
8O00 Nor Pac Prior 4 (fii
flOOO Oro Short U ref 4a,!. 03
nooo Ore Hwy ft N rons 4s 2
4000 Ore 4. W It i ,N 4s.. 85
1000 Paclno Tel Bs ,,,....I0l(J
1000 Penna Ken ct 4 a,,, 101
r.OOO Iubllo fierr N' J Ce.i 92
1000 Ilea din (en 4s .,,,, 03
10000 llepub Cuba Bs 1014., Uf
0000 Itlo Or A W clt 4s... 75
iouu Bl u a tr as w I
.'wju ao
8IMH) do
r.000 HI L. Swn am 4a
30000 Seaboard A. L rfd 4s..
83000 South Pae cv 4a.,.,,
82000 do cv ret t p Bs ,,
,0000 South Ilwy (en 4s...
12000 do con Bs
looo Third, Ave ref 4s.,,,
1000 do idj Bs ....., ,.'
3000 Toklo Bs ,,,
1000 IT H Realty Sa ,
f.000 U H Rubber "a...,,.
(17000 U H Steel a f Bs,..,
807000 U K Kot Q 11 ft I 8s.
looo Union liar ft P Bs,,
40O0 Union Pao lat 4s.,,,
25000 do CV 4s'.
1000 do rfd 4s
S9000 Un Rwya a t 4a,,.,,
13000 Va llwy Bs t, .
100
85
a.. 8J 8.114 83
... 554 65 85
...115 llBlJ 118
98I UU ON
181
rfd ct sta. 4s,
pier A w I
87 I
l7o ,gH
78 7,S
10?U 102
IM 100
90 09 8.1"
00 U0
lit
New York Stock Sales
Last clone. Hlh, Low. Close.
A8JI
1.1
7H
30
81
Aeme Tea r,q
Alaska Oold M 1H)1
Alrt 1 Oold M Tii
Alllj-Charmen Xlff. .. , . V,H
AllU-Chal Mf ft 70H
Am At Chemical ,..8Hf
Am At Chern pf 102
Am Beet 8utr..... p.",
Am licet Sugar pf,,,... on
Am Can (VI K
Am uin pi
Am Car A Fdr...
Am cotton on MH fiSH
Ara mprrsf..,. ,,. 127 127
Am Hide A Leather. ... 11J 13
Am Hide ft L pf ,. 04) HH
Am Ice Soourllles 28H 28(
Am Unseed 23 ii 24 H
Mi 68H
13 13
7) 7h
2M 5H
70K ROM
79H SOU
IOOH 1O0U 100!(
V5 D4 1)1
99M ma WM
(VS14 M 04
ll.lli 113H 113K UVi
07 07J 06 r.o
54
127
12
03
28W
23
2)
78M
8W
40
MM
127
12
03
28J
23M
r2M
78H
8!f
40
Am Llnsoed pf B2H S2H
Am Locomotlre 70 J i 81
Am Milt Cotp"n 8M 8H
Ara aiau tjorpji pf .... 40)4 40
Am Smelt Kef 1I2M 117
Am Rmelt It pf 115M HSJf llfiU llfl.
Am Btrel Foundries 68 ggj 5s M)
Am Sugar Hcflnlng m'f 114 111H HIM
Am Tel A Tel 13.W 133H 133M 133U
Am Woolen 48M 49 48H 4RM
Am woolen pr 97 D7Ji 07H
Am Writing Ppf MJf 34 33M
Am Zinc I, ft Sm. ...... -42H 43!f 42
Am 7. h A S pr 70 77 70
AncondCopM 09 101J, t)0M
Associated Oil... COM 70M 70V,
Aicn mp x a f I031f lmyi 105
Atch T A 8 F pr.
Atl Oulf A W 1 87 87K 87
AtlOAWlpr 0(1 00 00
Bald Loco Wks 87M 80 80
Bald Loco Wks pr 100 100 100
HaltAOhlo 88' 89M 83
Dalt ft Ohio pr 75 76f 75M
113M 113K
07U
34
42
70
97U
70M
105
natrettCo 152M 152W
iieiniencm steel 558)4 675
100M 100M IOOH 100M
87H
00
87M
100
88
75W
1S1
672
85
80M
04M
28
22
49
72f
151
655
85
80
03M
2s;
21
49
72U
104H 1M
05 05
2H 2H
SOU 30M
00 ma
120 120
5254 63
.120M 128M 128M 128M
18M 10M 18H 10M
23M
69
72
68
31
00
47
23M
67M
71 M
54!
31
CO
40M
FOREIGN EXCHANGE
NEW YORK. 'Sept 25. The market for
foreign exchange opened with a continua
tion of the dullness of the previous week.
In the main, the tone was steady. One ex
ception waa a slight shading- in guilders to
40,13-lC, leu 1-16 for cables and 40" for
checks. The market presented little of In
terest. Quotations: Demand sterling 4,764,
checks 4,76 7-16, slxtyday bills 4.71M,
ninety-day bills, 4.69 V, ; franc cables t.lSU.
cheeks 6.86: relchsmark cables 70 S-16,
checks 70H . lire cables 6.457s. checks 0.46,
Bwiaa cablea 6.I1U. checks B.J J; Vienna
cables 18.04, checks 11.01 j Scandinavian
kroner eablea 26.56, checks 28.40; pesetas
cables 20.17, checks 2Q.11 ; ruble cables
32.19. checks 12.20.
In the early 'afternoon, the market con
tinued dull and the tone became a shade
easier far sterling and relehsmarks. There
was very little of Interest. Demand sterling
4.76 11-16, sables 4.76 7-16 tfrano ealbes
6.75.. ehecfcs 6,71 ; reteftsmark sables 70 H,
i?t
RATB8 FOK MONY
aV4 ''.'.','.'''' i w
25.".":.""":!f. lu.li
rrrT. 11 -"- -!! . r. ..
1 Mr www 9 m HwtMi,
www TT
Mar
Jtt BXKK CLKAR1NM
VtM lnt JL gy-'i H?
" TlH Till 1S14
ltkm ftffftrTsiV w jP-ffi m.mIIM 'ilmlll
Drooklyn flap Tr 85 85
Hums Bros go mm
Dutte A Superior 04U G4M
Duttcrlck Co 28)4 28H
Cal retroleum 22U 22H
Cal Petroleum pr SOU 50
Central Leather 71H 74M
Chandler Motor 105 100
Ches ft Ohio 05M 07
Chicago Oroat West,... 12M 12f
Chi Groat West pr 30 30M
Chi Mil ft St Paul 05f OOM
uni i at at v pr 120 120
C 0 C A St L 63 53
cm ft Northwestern.
Chi It I A Pac
Chllo Copper 23
Chlno Copper 6GJ
Cluett Pea A Co 72
Col Fuel A Iron 65M
Col A Southern 32)4
Col A South 1st pf GO
Compt T Itcc Co 40(4
Continental Can 103M 104W 103
Consolidated Oas 133 138 137
Com Products Iter 15H 15!f 15M
Corn Prod Iter pr 01W OIH 90
Crucible Steel 02M 05)f 90)f
Crucible Steel pr 120U 121)1 120J4" 120J4
Cuba Cane Sugar OOJf 01M COJf O0)f
tuna cane sugar pr. ... 94H 05M 95
Deere A Co pr ,.93 03M 03M
Delaoare A Hudson. ...15251 152 152
Distill Sec Corp'n 47J1 47U 40U
Dome Mines 25 25 24;i
Drlggs-Seabury 09)1 100M 100
Erie.., 39 40)f 38Ji
Erie 1st pr 64 MH 64
Erle2dpr 45 46)4 45)4
General Klcctrle 174 176 174H 174H
General Motors 080 700 700 700
Goodrich B F 72!f 72!f 72 72
Granby Consol 02K 90 93H Off
Great Northern pr 118M 118Jf 118), 118!f
U Ncfs ror ore prop.... 43H 45M 43W 43)4
urtene-cananea 49U
Ouir States Steel 03)f
Illinois Cent 103
Insp Con Cop 05)4
Int Harv Corp'n pt 109
IntHarv N J 118
Int Con Cor t t c sh .. 17 17)f 17
IntPapcr 29M 20H 2SH
IntPaperpr 94!f OOM 04
Int Nickel y t eft 51H 55)4 60!f
int M M c or dp 44)4 45)f 43
23)i
67)4
72
60
31
00
47
103
137K
15M
00)f
00)
05)4
03)4
152
47
25
100M
39)4
54H
45M
51
04
103
08.
109
Int M M pi c or dp....H8M 119)4 110
Jeel Tea..
Kan City southern. .
Kelly Spring Tire....
Kennecott Copper...
Lack Steel Co
Lake Erie A West...
Lee Rubber Tire....
Lehigh Valley...
89K
20
82Jf
5554
85
10H
40H
81
Louis A Nash 132
Mackay Cos pf.
Maxwell Motors
Max Motors 1st pr. ..
Max Motors 2d pr. ...
May Dept Stores
.Mexican Petroleum...
Miami Copper
Mo Pac w i
Mo Pac pt w I
Missouri Pacific
Mo Pac tr cts
Montana Power.......
Nat Biscuit
Nat Cloak A Suit
Nat Enam A 8 Co....
Nat Enam A S pt. ...
Nat Lead Co
Nat iiad Co pr
Nev Con Cop.
New York Air Brake.
New York Central....
KVNII AH
N Y O A West. . . .
N Y O A St L 2d pr.
Norfolk A Western...
Norfolk A West pr..,.
North American
Northern Pacific
Ontario Silver Nln....
Pacific Mall
Penn Ilallroad
People's Gas Chi
Peoria A Kastern
Philadelphia Co
Pitts Coal cot dp....
Pittsburgh Steel pr...
Pressed 8 Car Co
Pub 8 Corp'n N J...
Pullman Co
Ky Stoel fip Co
Ily Steel Sp Co pf...,
Riy Coo Copper
Reading
Republic Iron A 8...,
Republic Iron A 8 pf,
Shat Ariz Cop.j ,
SaioB Motor ,
Sean Roe A Co. .... ,
Sloss-Shor 8 A I
South Porto It Bug.,,
Southern Pacific
Southern Ily, .. ........
Southern Ry pf .,
St L AS ni,
Studebaker Co....
StuU Motor
Tenn Copper
Texas Co
Texas Pacific
Tobacco Products.
Tol St L A West. .
CGtf
95J4
87)1
58
CO
60)f 60!f
93M 93M
102H 103
05J 00)4
109 109
new nojf no'f
17f
29)f
00
60!f
44
110
00)4
20
83)f
60M
855f
19)4
40M
80)4
132
COM
OOJf
87)4
68M
02
OOM
20)4
84
57M
80
19M
40)4
81)4
132
OOW
09
88
69H
02
88
25H
83)f
50
84)f
10W
40H
80M
132
OOJf
00!f
87H
58M
G2
.112)4 112!f HO'f 1102
. 39)4 41H 39)4 40
. 23!f 24M 24 21
. 61 51!i 51)4 51!4
. 4Jf 4)f 45f 4Jf
. 4J4 4)4 4!4 4f
. 94)f 05M 04K 05)4
.122 120)4 120M 120)4
.83 82 82 82
. 29 29)4 29M 29H
. 95M 05J4 05J4 95M
. 72H 73 72 72
.114 114)4 114)4 114H
. 22M 23)4 22K 23)4
.143 142)f 141 142)f
108M 109K 107Jf 108)4
. 0054 COM 69H 00)4
. 20H 27 27 27
. 01 68)4 68M 5SH
..131 132 130)1 131
. 80 80 80 80
. COM 09)4 COM 09)4
.112)4 113 112 112)1
. 7M 7M 7H 7
.. 20 20J1 20 20
. 67M 67M 60M, 60H
.110)1 111 110M 110)4
. 10)4 12 11 12
,. 40M 40)1 39 39M
. 32 32 32 32
..102 VfiWWm 102J4
.. COM 01 00)1 COM
.130 135 135 135
.100 100 100 100
. 63)1 64M 63 53
.101 101 101 101
.20 27 20M 20M
WHEAT SOARS HIGH,
BUT CLOSES HEAVY
September and Decomber Dcllv-
eriqs Reach New High Record
for Season on Good Buying
iRAtx nr:i.T wkathi:r forkcaht
CHICAflO. Sent, z.V The weather lore
esel for the nest 86 honra f olio we l
Illlnola ralr. and warmer lonisni. "
wllh showers
tier nlnht. . .
Atlaeourl Vneettled. ahawers tonlsht ann
tomorrow, warmer east lonUht. cooler west
morrow Increaslns clondlneas
tomorrow,
laroneln Fair, warmer tonight.
Wlin Slinf
west and
nor-
row Inrrraalnc rloudlnres. with showers. af-
or mint, roox
tomor
era af
rcnlral
(ly tloudr tonlsht and to
Iblr showers eitreme entt.
ternoon
t mm.. ..
Mlnneaotn tTnaeltled. nrobsblr showers
tonlaht or tomorrow, fooler west and north
Ml, warmer east. . ... .
Iowa rartlr elondr. nrobablr shower
eaat and smith tomorrow. ... . .
.Norlh Itakotn I'naettled tonlsht and to
morrow, nrohnhlr sliowera, roMer. .. .
South Itnkota and ?ehrnak rnrtlr '
rioinir tonlsht anil tomorrow, cooler.
lianaaa I'nr
morrow noes
rooier west.
CHICAGO, Sept. 2B. FollowlnB the cs
tnbllRhment of new hlRh records for tho
KenBon for September and December on a
fairly uood volume of buying orders, the
wheat market turned heavy today.
The close was Irregular, with September
a little hlRhcr nnd December nnd May
lower. There was considerable proflt.tnklnff
and selling by nn Important firm, which
was followed by commission houses.
Tho drought In Argentina was a bullish
Influence. Advices from that country Indi
cated that tho situation of the whent crop
was assuming a serious aspect owing to tho
lack of moisture
Leading futures ranged as follows! . .
Raturdsy'a
Wheat Orwn. II ah.
September .. l.r.4 l.tlil)
December
t.r7V4 1.B7
May 1.57 1.57V
n n ikm, n. ir.mi .
Low.
l.&n
1.04
Knon. close.
l.M'4 1 03S
1.B0V4 l.MS
t 14
September
uecemoer
May
date
Reptember
December
May
Lard
Reptember
October .
December
Hlha
Heptrmber
October . .
January .
Tork
September
October .
December
ftfl
74
77H
4T,
Ml
C2
OM
D2K
89 .
74U
77
h
41)I
l.aoV
B2(4
..DBS
8U
4nv
id
..14.72
.14.07
.14.05
..14.4.1
..14.17
.12.70
20.ST
.'J3 1)5
Hid. tAsked.
14.75 t!4 70
14.08 14 00
14.10 tH.10
14. BO 14.45
14.20 tH.42
12.72 12.7B
SS.20
20 00
23.1)5
23.05
PHILADELPHIA
MARKETS
111)1 115), 111)4 113
07M 72)4 07)1 09
110)1 112 110)1 112
.... 31)4 32)4 32 32) j
83)1 84 83)1 81
....20SH213 210 213
6k 03X 69 59M
180 189 189 189
101)1101)1101 101)1
25 25)1 24 M 24
07)1 08 07)4 08
..... 10)4 10)4 10)4 10K
131)1 134)4 130)4 130)4
77H 79)4 70)4 78
23H 24)1 23)1 23)1
223 224)4 221 221
13 15 15 15
63)1 64)1 63 64
7 7M 7 i 7M
GRAIN AND FLOUR.
WHEAT Receipts. 11B.CR3 bushels. The mar
ket ndvnnccd 2c under bullish speculation In the
West nnd a tood export demand. Quotations;
Car lots. In export elevator No. 2 red. spot.
tl.S5Ql.na,; No. 2 southern .red. tt.B301.Bil;
steamer No. 2 red. Il.n201.ftt; No. 3 red. tl.r2
tl.nr; rejected A. tl. 4001. 52; rejected 11.
tl.4fl1.4I). .
COHN Hccelots, 3300 bushels. There was
little doing; nnd no Important change In prices.
Suotntlons: Car lota for local trade, as to loca
on Western No. 2 yellow. 07 ac: western
steamer jellow, 0!97c: western No. S jellow,
4".c; western No. 4 lellow. 1)1 DSo1. .
OATS Ilocelpts. 13.405 bushels. Trade was
quiet, but prices were steadily maintained. Quo
tations: No 2 white, 53)4 Wr.lc: standard white.
r3W5.1V4r; No. 3 white. B20B2)4c: No. 4 white,
&0? funiHc; sample oats. 47V4 J8iJ... ,L
FLOUR ttecelpts, 200 bbls. and 293.518 lbs.
In sacks. There was little trading, but values
were well maintained. Quotations, per 100 lbs.,
In wood; Winter, clear. JOWil Bnj do. straight.
tO.7507-25: do. patent. 17.2307.75; Ranaaa,
clear, cotton sacks. t707,3O: do, straight, rot
ton sacks, t7.8O08: do. patent, cotton sacks,
t808 2.1: sprlnir. first clear, 707.BO; do. pat
ent, (808.50; do, favorite brands. t8.7B09.23j
city mills, choice and fancy patent, 18.7501). 23
City mills, regular grades Winter." clear, 04t
n 50: do, straight, td.7507.25; do, patent, J7.23
07.7B.
11YK FLOUH ruled firm under small auppllea.
but trade waa uulet. We quoto tU.BO07 per
bbl.
PROVISIONS
There waa a fair Jobbing demand and.the
market ruled firm. Quotatlona: City beef. In sets,
smoked and air dried. 33c. western beef. In sets,
smoked, 33c: city beef, knucklvs and tenders,
smoked and air dried, Stc; western beef, knucklea
and tenders, smoked, 34c; beef hams, 128030;
pork, family, i2O029.BO; hams, S. T. cured,
loose. 2O02OVic; do. skinned, loose. 2102mci
do. do. smoked, 22022V4c: other hams, smoked,
city cured, as to brand and average. 21)4 ct hams,.
smoked, western cured. 21)4 c; do. boiled, bone
less, 85c; picnic shoulders, H P. cured,
loose. 14)4 c: do. smoked. 15)4 el bellies, In pickle,
according to average, loose. 17)4 c: breakfast
bacon, aa to brand and average, city cured.
22V4c: breakfast bacon, western cured, 22)4 0;
lard, western, refilled, tea.. 10 c: do. do. do,
tubs, l(Hic; lard, pure city, kettlo rendered.
In tea.. lUKc; lard pure city, kettle rendered
In tubs. 10ic.
REFINED SUGARS
Tha market was quiet but firm 1o
nners' list prices: Uxtra flno granulated. 0.7Bc;
powdered. H.SSc; confectioners' A, 6.05c; soft
grades, 600.00a.
DAIRY PRODUCTS
nUTTER The market waa firm under light
receipts and a fair demand and prices of solid
packed creamery advanced He. Following are
tho quotatlona: Western solid-packed, cream
ery, fancy specials, 37c: extra, S3 080c; extra
ilrsts. 34 034)4 c; firsts. 33033)4 c; seconds.
3203214c: nearby prints, fancy. 08c: do. ave
rage extra. 3U037c; do, firsts. 33031c: do,
BRconds. iI103.ii: Jobbing salts of fancy prints,
41044c. i
KOOH Supplies of fine fresh eggs were
promptly cleaned up at firm prices. Quota
tions: In free cases, nearby extra, 35o per
doz.: nearby firsts, tO.ni) per standard case;
nearby current receipts, to.60 per case; western,
extras, 35c per doz.; western extra firsts, tO.OO
per case: do, firsts, t 8009. UO per case: re.
frlgerator eggs, extra- tv.30 per case; do, firsts,
? 8. 7000: do. seconds, t7. 8008 40 per case;
ancy selected candled fresh eggs were Jobbing
at 400420 per doz.
CHLKMJ The market ruled firm under light
offerings and a fair demand. Quotations: New
York full cream, fancy, 20 20 Vic; do, do, fair
to good, 1U011iV4c; do, part skims, 11018c.
POULTRY
LIVK Desirable stock sold fairly and values
Quotation!
were well maintained under moderate offerings.
rowis, as to quality, uv-.'ci roosi-
accuraing to quai.
accordlnir to auall.
Ize and quality. 1B0
era, 14 015c; spring, chickens,
Ity, 20022c: Whits Leghorns,
ty. 1K02OC1 ducks, as to size
.H.., nl nn nl.l. ,M n.l.. !
Under Typewr 107M 107J1 107 107
Union Sai& Paper.... OH OH 0)1 0)1
union mi s v pr.... , oaji
United Clt-ar Stores.... 104
United Fruit ,...103
Union Pacific ....
Union Pacific pf. ..
USOIP.V. .
U B O I 1' & It pf , .
US Ind Alcohol. ..
United Rji Inv Co.
Un Itys Inr Co pf....
US Ilubber 60)1
U 8 8m It & M
U S Stoel Corp'n. .....
U S Steel Corp'n Pf . .
Utah Copper
Utah Securities ,.
Va-Ciro Cheta ,,
Va-Ciro Chen Pf. .....
Va Iron Coal & 0 , 40)1
Wsbuh ....,..,..,. 14)1
Wabuhpf A ,.,... 60H 51
WabaahpfU, ..,,.,,.. 28 28)f
Wert Maryland pf 45)4 48
West UftteaTel 101)4 101
Vt't K & M.. 04 04)1
WUiyiOTHUaa 4H 47
YYUlyi Orerland pf.,,,..104
WoolwerthK W 133
60)4 65)1 20
104 103M 103M
103 103 103
148 140)1 148 149
82). 83)4 83 8JK
. 23 23M 22)4 22)4
. 65 64 64 64
,129 129)f 128)4 128)4
0 BH SH Stt
20 20 19H 19)4
69 68)4 59
78 79 77)1 77lf
117 120 114)1 115
121K 121)1 121K 121)4
00 00)1 98 08
. 10H 20 10M 20
44)1 44)4 44 41
113 113)1 113)1 113)4
62 62 62
14)1 14H 14)4
60)i 60)4
38 28
40 40
100)1 101
63W.f)4Jf
45 48
103)1 JtOtK 10811
138 137J1 138
WOfth PwD pf A 100 100 100 100
tax oHvMsndt latsraftloiul Harvaatsr Cor
BMatTa Nw Jtrsar, Itt' ur eajrti CojapiiWug
TalHiGiW. Iw otl Po. 8vlaa Caiiifi"
a3ul V5tfMil V4 " , Aaaarioia
JjMowltMfal CbHlca4 ftUl4. IH pw oasrt,
BAR 8ILV8R
Beur slhNtr to4ay wtva quoisd In tendea
tt St U-1M. vm .1H '
Jm Near York eommerctel bjir aUvr w
18c; pigeons, old, per pair, 25028c: do, young,
per pair. lHttfZ-c.
DltESSED The market for fowls ruled firm
under light receipts and a fair demana, Itoast
lng chickens were more freely offered and
easier, Quotatlona: fresh-killed, dry-packed
fowls. 12 to box, drv.plrked, fancy selected, 24c
do, weighing 4)4 03 lbs. apiece, 23Uc; do,
weighing 4lbs. apiece, 23c: do, weighing 8)4
lbs. apiece, 2Jc: do. weighing 3 lbs, apiece,
20021c; fowls. In bbls. Ice-packed, fancy, dry-
filckod Northern Indiana and Illlnola, weigh
ng 405 lbs. apiece. 23r; Houthern Indiana and
Illinois, weighing 4 06. lbs. apiece. 22V4c;
smaller sizes. 10022c; old roosters, dry-picked,
16c; roaatlng chickens, western, weighing 7
Ihs. and over. Der pair. 24025c: brolllnir rhlrle.
ens, western, weighing 804 lbs, per pair, 25c;
chickens, weighing 50BH lbs. per pair. 210
22c; do. mixed sizes, , 22023c; broilers, Jer
sey, fancy. 30082c; broilers, other nearby,
weighing lHtr: lbs. aptere. 280oc: broilers,
nearby, smaller sizes, 26027c: ducks, nearby,
spring, 22c: aquaba, per dozen wuite, weigh
ing 11012 lbs per dozen 13,73001 do, weigh.
In 0010 lbs. per dozen, t4.HB05.5Oi da.
gning e ids, per uozen, tivi.sQt ao. weian-
per aoxen. o ouvo ta. ao. weighing
auian, . luv.uui asrg. .,QU
1, 000011,23,
welshing 8 lbs
lng 7, lbs. per
O06U lbs. pel
02.00; small
and No.
FRESH FRUITS
Choice stock met with fair
lea sieaay aa ioui
18.6004. M)
vn-rBllv rulsil aleAOV
bbl. Jonathan. , t4w6) Northwestern Oreen
sals and valuea
qwsi Apples,' per
U rimes'
a
gooa, IZW2.50, A p.
tioid
BUi York
003.23;
uui. Mun.tn.li. ev.
I., ISfllB!! Ml. ltlush.
en. I2.7B0S.BO; Hmskshouso. 12.75
imperial, iziowisoi vteaimr,
Uucbess. J2 2302.76: fair to goo!
plea, Delaware and Maryland, per hamper
Fancy. 1101.251 (air to good, 3370c. Lemons,
par box, 1006, pineapples, per crate, I'orto Illco.
$304.25. Peaches, New York, per basket. 330
05c I do. da, per bush-basket, 11.2501.50. Psars.
New York, per bush-hamper Uartlert, No. 1,
11.5002) do. No. it. 11.26. Psars, New Tork.
llartlett, per bbl.. 13 05. Drapes. Delaware
Concord, per crate, 7B0Oci do, per 4-lb. basket,
100120. Plums, New York, per basket Damson.
'250(00, Prune. 25080c. Qreengage, 25930c.
VEGETABLES
The market was quiet but generally steady
ider moderate, offerings. . Quotations: White
taloes. i'ennsyivania;ana New .York, fancy per
potatoes. Jersey, per
atoes. Kastern Knore,
85 1 No. !. nasi
est potatoes Delaware and Maryland, per
Sffii!"SsifiE7-IW,5S.ryr...r
. . .w. .. T'jm .v,., v . 9UV1UC
urn
PO
bush:
Uski
per I
Sweet
basl
B.
ueiawars ana Maryland, per
1101.151 do. per lOO-lb, bag. 12 ii
in, iu.
nr h.mnr.
2.25. Cabbage, domestic, per ton
NEW YORK COFFEE MARKET
The coffee market opened steady today,
gaits on the call totaled 11,000 bags.
ioaaya
ptetober
Septets!
ULtowr
.,..
Saturday's
" ?. .lo .oVJ.io
r.uo U.05WB.OU
i:S3 !W
BIOVABlAer .............
Decemtwr .,,..,,....,, 8.800
January ,.,,,,,.,,.. ,,, 8,850
Ji-x. ::,;;:::::::;: W9..9t flS!
Vtmik KmUm Ommh
VAJUfl. Be. H-Utm. Uf. itc. a
in, iMi-
Sales in Philadelphia
. "Kb.
H
04H
MM)
84
61
B8U
71
SBTfc
70
t
ee
BJH
b
li
iW
76
81
11194
40
88
JS
87
Net
Close, ehge.
04H
86)4, IV,
85)4, H
1H
1)4.
H
87
88H
71H
40
10
H
tVs
V.
n
i
H
91Y.
ssy.
13
.14
76
81
llli Vm
40H 1H
14 Am Ityg pf si
80 Daldx Loco. 86W,
til II a B t e, BSM
JOO Col P A Ir 88V4
50 Crucible St dsk
10 Chlno Cop. B)
3108 nieo Stor.. 71
tSOO Krl 40H
17 O Asph pf. 10
XO Goodrich... lt
800 Insplr Cop. oi V
Its Ins Co N A 27)4
100 Int Nickel. 86 Vi
Bto Kenne Cop 81
80 Key T Co. IS
4118 Lk Sup C. 11
180 Leh Nav.. 16
68 Leh Valley 81tf
to Mex Pet ..lit
210 Miami Cop. 404
o North Cent 88
8to Kev Cons. 2SU
178 Penna 11 II 81 Vi
4 Pa Salt M.100M.
804 Phlla Elec. t8H
2183 P It T t c. 21
SO nay Cons. 2S
1001 HeadlnR . .115H
100 SlosvShef. 60
100 Studebaker.133
120 So llwy ... 28
20 Tenn Cop.. 24
230 Ton Del .. 4)4
30 Ton Mln,. 8)4
loo Un Pacl(lc.l48H
350 Un Trac. 48
880 Un O Imp. DO
14240 U S Steel. 110
100 U S Smelt. 18
80 West Klcc. 04U
388 War I & S 83
30 York Ilwy 18
H0NDS
nigh.
84100 A O&EH Es S6V4
tOOO Eq 111 Q Ss.lOSVi 103 Vi lOSY H
2000 Leh V cons
4Hs '03.100 100 100
1000 PCo KSHs.lOlTa 101)4 101)4
100 do en 4Ha.l04"4 104"4 10li Vi
20d0 Ph L'lec 4s 88 88 88
2400 do 6s... .108 103 103
1000 Read gn 4s 05)4 03)4 05V4
11000 Y It 1st Ss. 06)4 0514 06H
IOOH IOOH
41 41
28W,
20i
20V4
113
60'
133
28
24
494
M4
148H
4494
80
118H
18
04H
88
1SH
1
H.
'
1
28H n
209 V
H
2694
11BV4
80
183
25
24.
494
5)4
148)4
4494
8H
1H
1H
"h
"h
00
1
Low.
05)4
USH 1H
18
64V4 H
83
13V4 H
Net
Close, chgs.
0894 9i
GREAT COPPER ORDER MAKES
FIRMS WITHHOLD QUOTATIONS
Probably First Time in History Prices
Cannot Bo Obtained
NEW YORK. Sept. 25. Probably for the
first time in the history of the copper In
dustry In this country there are no Arm
quotations available. The abnormal situ
ation brought about by the placing of the
big 448,000,000-pound contract for flio Al
lies has created such a condition that the
dealers are at a loss to name prices except
In a nominal way.
For a very limited amount of November
copper one or two Interests are quoting
from 29 Yt to 29 He, compared with 29 to
29ic heretofore, while December has been
advanced about ',ic to 28V4c
Transactions for these deliveries can only
be for small quantities, as the dealers are
sold up.
Nominal levels for shipments next year
show sharp upturns from the quotations
made on Saturday, after the large foreign
order had been announced.
There are reports In tho trade that the
order of the Allies Included an option on an
additional 20,000,000 pounds of the metal at
virtually the same price that was paid on
the original.
DROP IN BANKS' SURPLUS
Loans and Individual Deposits Increase
in Week
The Philadelphia banks reported a reduc
tion of 51,069,000 In surplus for the last
week. This compares with an Increase of
$907,000 In the previous week. To activity
In the stock market Is generally attributed
an increase of $2,199,000 In loans. In the
week ending with September 18 loans in
creased $603,000, Individual deposits
showed a large gain, being $3,447,000. De
tails follow:
' Difference
prev. week.
25. 1R16. Incresse.
Iiini .......
Deposits (lnd.)
Circulation
Due from banks
Deposits of banka
ICx. Clearing House....
Iteserve held
Reserve required.......
fjurplua
Surplus September 27.
temuer
11)12. t5.
Sent.
aiT.niD.uuu
Decrease,
443.71S.000
0,1411.000
81.524,000
175,724.000
10,121.000
10H.7DH.000
77.R18.000
nn fifo tnn
l)VD lOlWWV llVUtlt
iiit net rtftt thi. h.
tit iuikii ivviUi u.uuu oeu
9, 1013, t8.371.O00; September 23.
oou; ueptemuer sa, iuii, le.ujtf, &uu.
12,109,400
B,44I,WM)
0,000
3.R27.00H
3,040,000
1,711.000
792.000
277.000
1,009,000
UNITED RAILROADS REORGANIZATION
PLAN PROVIDES FOR CUT IN CAPITj
' ,.
Market Street Railway Is to Be the Operating ComtHuwl
at New Top Price
LOCAL MINING STOCKS
TONOPAII 8TOCK8 ,
Bl(
Jim nutler 80
MacNamara 05
Midway 22
Mlzpah Extension ,. .22
Montana .,,,-., .24
North Htar 17
Tonopah llelmont 44
Tonopah Extension .. BH
Tonopah Mlnlns B
Rescue Kula 27
West End 10
OOLDF1ELD STOCKS .
Atlanta 10
lllus Hull 02
liooth , 10
Bulldog , 01
ROD i 03
Combination Fraction 00
Dlamondneld U 11 .02
Daltsy 02
Florence ,. .40
Ootdfleld Consolidated 75
Qoldfleld Merger ;. .07
Jui.ibo Extension 88
Kewanas .,,,,, .00
Oro ..... ,04
Handstorm 04
Silver Dick .., 20
Aa,ked.
.90
.00
.25
.24
.27
.10
4
6'
6'
.28
.80
.11
.03
.12
.0.!
.04
.07
.03
.04
Nevada Hill
Nevada. Wonder
Tecopa Mining
MISCELLANEOUS
.23
2.10
10
:ft
,08
.40
.10
.03
.05
.22
-a
2.io
.12
FACTORY SITE
No money required If round U lmproredt
iiini lot ivui-jovt
til take
Penna.. Itallroa
ffiotrel lot 2003&0
U frelcbt tfttlon.
ODI
tlcht at. Ion. SOth and
ten vaDinsion at.
Ottkford ti
itiaT on mr-pii irtBf.
U.MIIj (1UKNTHER
PPOslt
li ant.
front-
Canadian Pacific
Railway Co
4V.96
Equipment Certificates
Duo July, 1930
Interest January and Jul
Philadelphia Plan
Price to yield 4.35$
Full particulars on request (or
Circular PE-B3
TheNatwnalCity
Company
1421 Chestnut St., PhlUcUlphU
postou
Htw Tork
IMtUburcb,
Much Interest was shown In the financial
district today In the reorganisation plan of
tha United nallroads of San Francisco,
which was announced by the committee.
The chief feature of the plan la thnt It pro
vides for the extinguishment of $44,830,100
out of the present I91.92S.100 capital lia
bilities. Provision Is made for tho transfer
of all the assets of the United Railroads of
San Francisco and the San Francisco dec
trio Hallway Company .to the Market Street
Hallway Company, which will become tho
operating company for the properties.
Bondholders of tho United Itallroads, In
consideration of this transfer, will receive
twenty-five per cent of face value of the
present four per cent bonds In Market Street
Hallway five per cent bonds and forty-dive
per cent of par value of their four per cent
bonds In new six per cent cumulative first
preferred stock of the Market Street Com
pany. This stock will beqreferrcd, both aa
to principal and Income.
United Itallroads' holders of unsecured
notes and stock will cause to be underwrit
ten by tho California Hallway and Power
Company at tllhety per cent of their face
value, $2,600,000 serial debentures to be
presently Issued and 13,000,000 Market
Street Railway five per cent bonds to be
taken In 1918 or before. The proceeds of
tho debentures will be used to redeem and
discharge underlying bonds.
Holders of unsecured notes and stock of
United Itallroads will receive new second
rtrfrri.fl atnrV nnrt ,w.m.. .. . .
kJ.mret nwy and surrenoTtrfL2t
oDiigauons ror tnelr underwrttia-T
nrtnvi..mantlnni.f1 ,itlil& .. '""a
the conveyance of the properties lHf '
.".!""" "IS ,-." ". of Sn PraaciZ
bonds, 12,500,000 six Der i.ii.ff!..4!
to the Market Rir,., t).ii.u -' rr"'
Ths pan tail. otlnr. .."'..."?''". L
Railway will' be 116.091.000 J1 V. '' '
$11,000,000 first preferred at.v 7r!MA
second preferred stock and iiiaai'S
common stock, a total ,i. 1T" I
147.C3I.000,
Ily far tho most active and the hm.
Issue In the trading on the PhltaSS!:
Stock Exchange today was United aXS
Bteel common, moro than 8000 shares -Ing
hands, with the price advancing l2S
to 120, another new high record.
There was a very broad demsna .
atbltrage Issues, the result largely of JC
activity In Steel, sixteen of the stocks ll2L
In New York being traded In, with --?
lhfiT tnalclnc thn Itiro-mmt cbIm m... . vr
At the best price Reading was Sin n
IV,. Of tho local Issues ntt.MiL ,
divided among Lake Superior. M.v?
a fraction; Electric Storage Battery'
Philadelphia Rapid Transit trust JL2
cates. The latter was unchanged,3
a.u.nav wo ui. Diiauvijr. tvnen the main
In New York sold n at th. ..-': rZl
delphla dl tho same. United States
cominuu juaing a)i 01 us gain and
Desmes. a?'
BETTER LIVERPOOL CABLES
IMPROVE PRICES OF COTTON
Low Condition Report Also Cause for
Additional Strength
NEW YORK, Sept. 2 5. Better Liverpool
cables than expected and a low condition
report by the Memphis Commercial Appeal
caused strength In the cotton market at
the opening this morning. First prlcei
showed advances of 12 to 16 points. October
started only C points higher, but later moved
up 9 points additional and was in line with
the other positions, i
There was moderate selling for hedge
account nnd also some liquidation of
October at tha start In advance of notice
day tomorrow. New Orleans houses sold,
but commission houses wero buyers nnd
some Wall Street Interests also purchased.
Liverpool took fairly large amounts of
various months. After the call the room
crowd made the usual attacks, but did not
make any Impression, as a steady demand
was encountered apparently for trade In
terests. The advance' during the morning carried
prices about 20 to 26 points higher, with
January selling at 16.34, or 38 points above
the low level of Saturday and within 14
points of the high record for the season.
Realizing causing reactions of io to 12
points from the best later, but otherwise
offerings were limited and the market
firmed up again early In the noon hour.
The early advance to 16.34 for January
carried the market nearly $2 per bale above
the low level of Saturday morning and
this evidently attracted profit-taking,
fiat, close. Orjen. 11 a.m. 12 m. 2 n.m.
October .nm
December ..J. 10.01
January, ...i. 10.12
March 16.27
May 16.4&
July ln.M
Hpot 13.95
Liverpool Cotton
LIVERPOOL, Sept 25. There was
a moderate demand for spots today,
mid-upland 3 points higher on the basis of
9.6Gd. The sales were 8000 bales, Including
6200 bales American. The receipts were
20,000 bales, of which 21,900 bales were
American. The market for futures closed
'steady at a net decline of 24V& points.
AUGUST EXPORTS BREAK !t&
ALL PREVIOUS RECOUP
Valuation Is $510,000,000, a GsinfiT
$35,000,000 Over Last High ,Y
WASHINGTON, Sept 28. A worlS
record for exports was set by this courSl"
during August, tne Department of
merce announced today. The total ;
valued at $610,000,000, Is $36,000,000 hit!
luuu inw viDiiuua icvuru, estaouaned
May, and $46,000,000 higher than the Ji
total.
Imports decreased $47,000,000 underlati
wnen a nign record was set The to
ill. fine- A.lfinlat waa $10.0917 sal
August was the first month In which tt'1
inucu omica iiaa sent exports abnst '
totaling more than half a billion. , '
Exports for the year ending with!'
busv iuihicu t,iov,vuv,vvu, wun import! ot'
f.,i)UV,UUV,VVU,
sSfaSi
ln.vo 10. U3 ln.vs
10.10 1S.10 1(1.1". 1(1.1(1
1(1.20 111 21 16.27 10.24
1(1.40 16.88 16.48 10.40
10.60 10.53 16.44 10.00
10.07
only
with
NEW YORK BUTTER AND EGGS
NEW YOB.K. Sept. 25. DUTTEIt Receipts,
C0.040 tubs. Btroncer tor all gradea and busi
ness moving- alone (airly well. Extras, 34H it
S4c: Ms-hxr scoring-, SoH085c: State dairy,
83H OS4c; Imitation creamery, 20 H 30c.
EOas Receipts, 8043 cases. Fancy to fresh
a-radea scarce and Arm. Medium trades quiet
and lrreirular. Storage not active. Quotations
unchanged.
LIVE STOCK QUOTATIONS
CApO. Sept. 25. HOdS Receipts. 32.000.
t sieaay 10 oc )ower. aiixea ana Dutcners,
110 25011.20: rouxh
CHIC.
Market
t0.83O11.25
nea.T ,v nuviiu.vi nam. siu,
IT.TKOD.Sft: hulk. ll0.40Ull.in
CATTLE Receipts. 22,000. Market stead:
m.. lower. lteeves. IflsMl: rows and helf
I8.75OV.60: stockers and feeders. 5 2507.60
Texans. )0.(OWB.du; calves. i).4Uia'V.7(.
SHEEP Receipts. 23.000. Market steady to
10c lower. Native and western. 1408.75: lambs,
18010.73,
uuu iirnu, uu .uu'ii..u. ruumi
S9 8010.20: Utrht. 110.10011.23; pis,
rtv to
and helfera.
VSfatVMV'
-vAmA
&r
krtvp Markpf
piL:T
VUnuiuuns
reguire quick and accurate,
information which we will
gladly furnish.
-. Call our Mr. Knoll, Lom
bard 1385, Main 4458.
Wo buy and sell only In f
vnllr lntM-haf . wn f.ntr, Uft sf
favorite stockB.
aKKIl8 ffj IinOKEItS
6th & Chestnut Sts., N. E. Cor.
Members ef I'lilla. Stock ICxtbanie
Direct wire to New York
lmmKtmmmmm'
INVEST IN MORTGAGES
AT 5.4
Recommended by
BEN T. WELCH
1328 Chestnut Street
Announcement
I
N THIS space we will
print a series of ar-1,
tides descriptive of
our organization and fa
cilities for parrying out
the functions of the in
vestment banker.
4
We are equipped to -
render you every service
in this connection, no
matter how large or
small the sum you have
to invest.
RRAZIERa-Gi
Inveitment Bankers
Broad & Sansom St.
a.AS
-W
.-
public sermcb:
SECURITIES
Publio Service Securities
are a lien, on the success ot
communities.
C, From 5fe to 6.
C, "With, assured eifety.
G, We hzre two public ferries- J
curitict that yield the latter reft
three the formers n
C, "We recommend all five.
ft Tlif-v mm V, nlill'ts tinnl Ot WAT
Public Service Corporationi wita rj
traordinary tfood recordi.
CI Can we call on vou to dive itb
or aend them by mail?
BeJcenAyliigaYougg
LaltAd Title Bldg. PhWodsifm
WANTEB
Ponna. B. N. CW4I. iM
REED
wntT M
mammsmBmisamwmmiBmftmm
jmmvmHi
,tWwW &2t
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t
The Inheritance Tax
THE new Federal Estate Tax imposes a
levy upon the property of every person
wno.duw subscnuent to September 8, 1916,
'We have prepared an, eact copy 'of the
text of this Law, which will be mailed to
those who request it.
Philadelphia Trust Company
ChikdelphU