EVENING LEDGER-PHILADELPHIA, F1UDAY, SEPTEMBER 29, 1916
f FINANCIAL NEWS
HEAVY STOCK BUSINESS EXHAUSTS
MEMBERS OF THE NEW YORK 'CHANGE
Buying Orders Come Into Market From Many Sources.
Steel Shares Are Prominent, Steel Common Going
Into New High Territory
High Points in Today's Financial News
jS. arket "-'" again, strong, with big demand for minor steel stocks.
United States Steel common hit another neiu top mark. Grain turned heavy
after good start. Cotton pricea went up after starting irregular. Money)
rales unchanged. New York banks gained $3,630,759 on movement of cur
rency in week. Mercantile Marine readjustment plan approved by stock
holders at special meeting. Price of bar silver slightly higher. Foreign
exchange irregular.
K
r
i
NEW YORK, Sept. 29.
Urokcrs wcro worn out beforo tho early afternoon In nttemptlntr to hantllo
the rush of buylnp orders which cams Into the market from many sources.
Many nf the members of tho Stock Exchange have become thoroughly exhausted
because of tho active buslncsi since the beginning of the month, but no chance
for rest appeared.
There was concentrated buying of Steel stocks this morning, which made
that group demand almost all the attention of the Street and of the speculative
world for n good part of the day. Many of these stocks made advancea ranging
from 1 to more than G points, several of them being established at now high
records, and tho necessity for providing funds for these purchases' compelled
liquidation of holdings of other Issues, and causing some stock to show a hoavy
tone while these Industrials shared In a vigorous advance.
United States Steel common again assumed matket leadership, advancing to
120 S. passing tho previous high of 120, made on Monday, when trading was
the largest since March, 1907. The buoyance displayed by the. minor Steel In
dustrials was based to a largo extent on aggressive pool operations. Comblna
tlons of operators wcro active In nearly all these stocks and took nearly every
things offered for some time after the opening, but later there was a halt In
their activities and recessions occurred.
Discussion of current earnings acted as nn Incentive for buying of many
of these stocks and predictions of dividend payments being close at hand were
iffectlvo In causing strength In Pressed Steel Car, Railway Steel Spring and
Colorado .Fuel. Tho back dividends on Republic Iron and Steel preferred, ac
cording to authorized statements, will be paid on January 1, but It Is not In.
tended to put tho common stock on the dividend list until next July.
Banks Gain $3,630,739 on Currency Movement
NEW YORK, Sept. 29. The net result of counter movements of the traceable
shipments of money for the week ended with the close of business yesterday Is
an apparent gain by the banks of 3,630,79 In cash. They gained net from the
country by direct express $-1,055,759 and received In addition on balance $1M36,000
from the Subtreasury on account of gold Importations and other sources, a total
of $15,561,709. The New York Tedcml Rcservo Bank, however, had a credit for
the week at the Clearing House of $11,931,000. The banks received gross from the
Interior $7,464,620 and shipped $3,408,761. The previous week a net gain In cash
was indicated of $7,947,371, but much larger Increases in general wore disclosed
In tho bank statements 534,089,000 average and $33,316,000 actual.
lLOW
TEMPERATURES
HELP COTTON PRICES
Demand Is More Active Follow
ing Publication of Govern
ment Report
COTTON UICI.T WKATIIUR CONDITIONS
NEW YORK. Sept. 29. Halm vttre een-
c.hi uiw tun roiion ueii iniH r.iorniDC.
wing I
Ikln
he followll
' l,mn,a(iiM. .....Jml,
Oklahoma, 40i Abilene and Fort .Nmllh. 44i
vM!,,,,Je and Memphis. 4li Mrkuvurir and
l.lttle Rock. 4Ki rthrrvepiirt. Illriulntham.
Aslieitllle, SI); Meridian and Kiioivllle. 52;
Atlanta. Sit Jan Antonio, 5i (lalveston,
JJel Ilia innd Montgomery. OSt Mobile, lilt
Corpus Chrlstl. .w Orleans. renarola and
Macon, OOl Augusta. flSi Thomnnvlllo und
ItalcUh. 70 Savannah. Til Ullmlnzlon and
Jacksonville. 74 1 Charleston and Tummi. ill.
There was .01 inch of precipitation at
JarknonTlllei .02 Inch at Shreveport, .Mem
phis, New Orleuna und .Viacom .! Inch at
pet Illo-i .12 Inch at l.alic.toni .14 Inch lit
Iltrminslinmi .10 Inch at McU.litiril .10
Inch at Thnmasvlllei .22 inch at Little hockl
i.31 Inch at Montgomery und Nashvllles .SO
nch at Mobile) .4 loch 'at I'ensurolni .04
nch at Auicustai 1 Inch nl Knoxvillei 1.10
nchea at aib.tUle, nod I.4&. Incite at
Atlanta.
NEW YORK, Sept. 2D. The cotton
market at the opening this morning wns
a waiting one, traders showing a dis
position to hold off pending the Govern
ment report to be Issued next week.
The early tone was steady, October
started unchanged and other months were
4 to 8 points higher, being influenced by
better cables than expected and unfavor
able crop weather. In fact the conditions
In tho south came in for the bulk of atten
tion, showing general rains with much
lower temperatures and the forecast being
for frost in the northeastern States.
A prominent southern commission houBe
was the leadTng'buyer In the early dealings,
other purchases were scattered and the
supply came from various Interests In small
mounts.
The failure of low-condition figures and
frost predictions to stimulate demand In tho
cotton market probably promoted the ten
dency to sell out long contracts and await
Government reports.
The opening advances were soon lost,
with the market selling back to approx
imately last night's closing figures before
the end of the first hour.
Liverpool and New Orleans were the
chief sellers on the decline and 'offerings
tapered off around 11 o'clock, with tho
market becoming quiet and steady at mod
erate rallies.
Demand became more active following
the publication of the detailed weather re
ports, which showed minimum temperatures
down to the freezing point at a few places
in the Southwest. December contracts sold
up to 16.16, with active months generally
working about 9 to 10 points net higher.
The buying did not become general, how
ever, as there seemed some question as to
whether any serious damage had occurred,
and business Htlll appeared to be restricted
by the proximity of the Government reports.
New York Bond Sales
Ys close.
. .. In
IS l
in 71)
OH
October
December
January
MS?"
July .. IBM!
Boot ........ 18.05
irjr IB IS
i,.,,,.. 1831
.. .,. IS SO
Open.
IS SO
111 30
111 Ml
It) OS
Hlh
St, HK
S 17
(1.25
III 40
is r.8
16 03
I.OW, Close
1(1.80 IS 88
in ti
15 13
111
10 40
16 57
11.11
10 18
IU 34
A 1)7
0 00
Liverpool Cotton
LIVEHTOOL, Sept, 28. Spot cotton wm
Irregular today and 4 points lower on the
basts of 9.47d for mlduplands. The sales
were tOOO bales, Including 6(00 bales
American. The receipts were 4000 bales,
of which 3800 bales were American. The
market for futures closed steady at a net
advance of 4HC5H points.
H
Cotton Buyers and Sellers
NEW YOHK, Sept 29 October Kelffer
and Cone bought) Hartcorn and Wenman
old.
December Burnett, Newman, llay, Wil
son and If. Hubbard bought; Nor den, Bclilll,
niordan and Bchanc sold,
January Smith, Beardsley, McEnany
and Hentz bought: Marsh, Mitchell, Orvli,
Hyman, Mohr, C Hicks and Hartcorn sold.
March Hopkins, Orvls, Kelffer and Mit
chell bought; Norden, Hyman, V flu
moens, Wenman and Schlll sold.
NEW YORK COFFEE MARKET
NEW YqnjC. Sept. . The market for
coffee futures opened firm on a renewed
demand from the local trade, and first
prices were c to 8 points higher. Trans-
" actions on the call amounted to 3000 bags.
Today" a yesterday's
upenins.
. 8 7068 SO
8 hu
8
H p II 8.0 J
WY
8 11008 98
JLTIZ - .......
ferewib.r ,.,,,..
Lrscember .......
tt"," .......
rferurr
Kir, i'
fyJJ .... ....
tl1ll,tlM(,
... . ..-...
P.0us.0a
rioiH.
8 b.'.toS 87
8 MW ST
8 Ml 8 HJ
8 ttlH 7f
8 788 80
8 828 8H
8 8U8 87
8 88M8 SO
8 W2fM 0
spalf8
U.lMjfeU.PJ
J1000O Alaska aid cv (1 Sr A 88'i
UuuU Amer" Akt cv r.a 10.Hi
3UU0 do deb 3a .. loo'i
Sl.'oou Anclo-Krench 6a U.V
i'jooo Amer For Sec Sa . H8S
47000 Amer Smelt Soc Os. 113'j
3u(io Amer 'let clt 4 . vi'
2--000 do ct 4Wa .. U3
uoo Atchison Ren 4a bt
lmilHI do adj 4a 83
1100O do cv 4a 1900. tot)'.
10(10 A O Una 1st 4a Ui
000O Bait Ohio 34 a . 113'i
10000 do 3a 100
1U00O do 4 I lilil
41tioi do cv 4Via .. no
000 do Swn JHs. . V1H
I.00U Heth steel 1st Ss ..IlosS
lone Urkn Cltv i n. m.i
;iiikhi can Ooit 3s In;: I. liioVa 1
10000 do 1K20 T . 10o2 1
68000 do 11)31 . . 101 1
1000 Cent Ui cons Dn. 100 1
II' UK) Cent I.eath 1st 6s.. ili.-S 1
1000 Cent I'ac 1st 4s . 00
imil Cent Rlt N J 0a .. llilK 1
Booo Chill Copper 7a.,, 1274 i
121000 Chea H. Ohio cv 4UV. iil
soon do 4Vsa ... . So
2030OH do conv 6a .. u.1
2000 Chi A Alton 3a. . . 0UVi
1000 C at Nwn (ten ata 4a.. 4
23000 Chi II t U Joint 4a. U8H
IWioo do -sen 4at... ...... ns'i
MlOII Chi I A VV 4a 7ll!
jr.tMHi c M & St l conv 8S.107V. 1
130(10 do CV 4Via till 1
10011 Chi RU r rfd 4s -J
oooo do 4s kat;
23000 Col Industrial 5s.. . . SOS
r.noo Con O conv Us 126 1
3000 Del A Hud conv 4s.. loll, 1
20181 do rfd 4 tiK
3000 Den & Itlo U 4s.. . 78i
1.000 Erie sen 4s 72"i
20000 do cv 4s Scr II...;. 74
1,3000 do conv 4s 8er I).. S'i
17000 do Her A 9
looo nrw prior 4s 84
2000 Hud i Man rfd 8a.... 094
looo Iowa Central 5s...1.. 80
3000 Interb Met 44 a 78'4
300(11) Interb It T r.f r.a uiK
10SUIKI Int iter Mar cv 4Vas.llo't 1
105OOO do v I Oa , . vtf
7000 Japan new Q s 44 s . SB
2300(1 It C Ft 8 A M 4s... 7.1S
1000(1 do fls .IOoCi
louo Kan City Ter 1st 4s. 88
3000(10 Lacka Steel 6s 11130.. 07
2000 Laclede Gas 1st 6s... tool.
1000 I.I ft M T 6 1024
1000 ilex l'et Co Us ser A. .1104
100(1 do Os ser C 1104
6000 M K A T 1st 4s 734
1000 .Mo Kan A T Ui 4s... 434
'.000 Mo Bao w I 4s HJ'k
1000 Mont Power 6s...,., uYt
16000 Nat Enam A SIP 6s.. 084
2000 Nat Tube Ca 1014
10000 N Y Air Drake cvt 6a, 1034
(1000 N V C I. H 84 a ..... 70
4000 N Y C-M C col 84 s,. 704
6000 NTC II 34 s 834
10000 do 4a 0.'
8000 do 44 a V4U
31001) do II 1144
luooo do con 4a 864
10000 N Y City 4s 1BD,..101S
2000 do 44 a 11)03 100
2000 do 44a III84 104U
3U0O do 44 a IR03 I0D4
7000 do 44a Nov IV3T..I084
8100 N Y N 11 A II 6 1124
anno n r ttwy aaj bs 60
1000 N Y Htste 44s..
26(100 N Y Tel sen 44 a
aouu rior rac prioi
1J11O0 da Kn 8a
8000 Ore Short I. ref 4s
4000 do 1st Os
2000 do 3s
1000 Pao Tel 6a
3000 Pao (las 6a... ...
tiMHi renna 4S imn.
au
Iw
88
1034
1004
834
084
llh
1124
Vi
83
10H4
.'
834
1004
14
0.1
103
01$
3000 do en 44 s
loon Public Serv
2000 do 44s 1821. ,
toon Puhlle Serv V .
18000 Resdlns sen 4s,
"ft
1034
101U
llenub Cuba 6s
4000 iup lr u
K9
3000 Rio Gr A W clt 4s.. . 76
I si
A 8 H sen rt 4s 78
u n
1 1)000 St I.
looo do 4s
BOOOO St I
A Bo t a 6s 1034
4
oooo st raui tun
10:4
"000 South A N Ala 6a 103a.l07.
H.'OOfl South Pac cv 4s. , SJ4
480OO do cv ret i p pi,, , (n
J00O0 South I'ae rfd 4s.,,. S04
OOOO South Pac Term tat ,, 84 ,
60011 South Bwy sen 4s.... 714
180(10 do con 6s 1014
8000 So Ry St I. 4s. ... 83.,
4000 Term Assn Rt I. ret 4s 844
8000 Tts A Pao 1st Bs 884
6000 Tsias Co CV St ., , 1064
1000 Third Avs.adl 6s . 784
1000 Tol SI L. A W 4S .68,,
2000 U 8 Rubber 6s I03U
170O0 U S 8teal s r 6s. ,. 1064
672000 U CJ Of O 13 A.I Bs.. DOS
1000 union rac cv , .as
sast
.nluin An rfd 4a
16000 Un Rwya 8 F 4s.
1000 Vt Ray 6,s .
S0O0 Wabash 4S ,. .
1000 West Chester 6s ,
24000 West Md 1st 4s
fit
.Mi
1034 I02U
106 108
I New York Stock Sales
FOREIGN EXCHANGE
NKW YOnK, Sept. tt. Tha forelcn ex
change market In the early declines today
was IrresTUlar, The feature was a sharp
rlso In francs to B.11 for cables and
B.84 for checks, Bterllng; was steady
but unchanged at 4 75 1116 for demand
and 4.76 7-lt for cables. Bublss were also
firmer at JJ 10 for cables and 12. for check,
nelchsmarks haded at 704 for cables and
70 11-1 for checks.
Other quotations werei Lire cables
6ii. checks 6,46; Swiss cables 6.JH4,
chockH Mitt: Vienna cables 12,01, checks
12.00; Scandinavian kroner cables, 21,55.
checks, 21.46: pesetas cables 20.16, checks
20 10; fullder cables 40H, checks 40 13-16,
,I.on uterllne was unchanged at 4,714 for
60 day bills, and 4.li to 4.tV fur to
day bills.
I'lila
BANK CLEARINGS
Bsak elfrMa ta4ay nxncartd with cprrs
eaoauur Ay iaat.two iB1i ....
PMt44jMa..M.fH.H tti.mm Slllf SSI
lHifU
ibiudepbj
Woiton
CBpUSO ..1
tw"wira
its, tHVM-m
RATES FOR MONEY
CH
Wi
3
rJ4
34 4
uer. thraa to all mantha
4 r csat.
Time,
ui, ruis-
dtippii
Advance VtWm tf Can
JJKW YORK. St J.Tr4) JLmtMtmn
Can CWy hM M4UMkW Ptm JM-Ut
Utelva r PtsU. TW m ( fourth sjii
, . Last close, tilth. Lew. Close.
Admj Kipres 139 140 140 140
A.smrioldM 12U 14K 12H 13
AlsiiaJCloldM 7J 7W 7 7
Alllp-Chilraeri Mfc 2fl)4 27X 2014 j7lt
AltJs-Cbal Mrc pf K3 gl 81M HV.i
Am At Chetn pf 101H 101H 101143 1011
Am DsnV Nole 38K 38H 38H 38H
Am lleet Sum OOH OS 97 03
Am Beet Pour pf 100 100 101 100
Am Can 0(114 r8! 07 01
Am Cin rt.. 1HH US 114' IIS
AmCtr&Fdr 004 72K 07) 71 1(
Am Itldeft Leather.... UH UK lllf llf
Am Hide & L pf.. ...... 02 02 03 02
Am Ice Secutttloj SH! 2S!( 28S 28K
Am Unseed 23M 23H 23lf 2-IH
Am Unwol pf 61H S3 filt Sl.'i
Am Loromotlre 78-( 83 78H 81
Am Mtlt Corp'n pf 391( 40 40 40
Am Smelt Iter 113K USX 114' 115
Am Steel PonndrlM 6S4 02 S9U 01U
Am Sunt Ueflnlnf ll.'! 112W U2H 112i
AmTel&Tei 134K 13i)i 13114 1.14l
AmTobpfnew MI UOH HO'i 110'.
Am Woo'en 48 48)J 474" 48M
Am Writlnj P pf. 33( 33t 33 K 33
AmZlncL&Sm 42 42 41)1 41H
Am 7. I, A S pf ........ 77 70 70 7(1
Anaconda Cop XI JS 08j( 1ISU 1'i
Atch Top & a F lofl'f 107 100K 107
AtchT8Kpf 101 101 101 lOt
Atl Coast Line 110 110
Atl Onlf A W 1 8014 Ul!l
Atl O A W 1 pf 05U OMi
Bald loco WkJ 80' 8914
Halt & Ohio SOH 89)4
Dill A Ohio pf 70f 701$
110
S3'4
0o)4
87li
y$H
7014
155
85
89)4
Ot
24
SU4
110
01
054
SI)
ROM
70U
155
0014
04
2IK
52
nar.ett Co 154H 150
UrooVl;n Itap rr 85 8
Uronn Shoe pf 90H 0914
Ilutte A Superior Ot Ol'f
Cal retroleum 23)4 24U
Cal Petroleum pf 5014 52)4"
Canadian Pacific 178 179 173)4 179
Ccnlral Leather 73)i 7.U4 7354 7.1)4
Central Leather pf 1144 115 11) 115
Chandler Motor 10.5 105 1( 105
ChoaAOhlo 07'( OTl GO'i OOJi
Chlcaco Great Vot.... 13)4 13H l.l 13)i
Chi tlrcat West pf .17 37 30'i 37
Chi Mil A tit Paul 07 WOW 00 110
Chi M A St P pf 127 ' 127f 126H 127!
CC 0 A St L 53
Chi It 1 A Pac 10't
tble Copper 22)4
Chlno Copper 5714
Col Fuel A Iron 5SU
Colum Ou A Elec Co., 31'i
Continental Can.
Consolidated U11
Con O E L A P Hal.
C'rue.b'.e Steel...
Crucible Steel pf
Cuba Cano Sugar
Cuba Cane Sugar pf. .
Deere A Co pf
Detroit United His..
Distill Sec Cotp'n 45
Dome Mines 24U
Erie 40U
I'rle 1st pf 54'
Brie 2d pf 47
Gen Chemical .,
Oeceta. Klocttlc
(leneral Motors 750
Ueneral Motors pf 120
Goodrich II K 70)4
Uranby Consol 03
( N cfs for ore prop.... 4JU
Ureene-Cananea SIX
Gulf Malet Meet 03
Gulf States S 1st pf ...100
Gulf States S 2d pf .... tM 1
Illinois Cent 104)4
Incersoll-Itand . ....
tnsp Cun Cop ,
mi Mar N i
Jntllarr N J pU...
Int Con Cor v 1 c sh
Int Con Corp'n pf. ..
lm Paper
Int Paper pf
Int N.Ckel T t d....
Int M M c 01 dp...,
Int M M pi ' 01 dp.
cu 'lea
Kan Cit) Southern..,
Kelly tprine I'lro....
Kcnnecoll Copper 57H
Lack Stee. Co 851-4
5J)i 6314 51)4
1014 18'4 lO'i"
224 2JU 22)4
57t 67 57
02), MM 02K
32 31)' 31)4
105)4 105 105
139 139 130
112 113
UH4 05)4
..121i 121H 121)4 121)4
134)4 60)t 03)4 04)4
97 00'' OO'i
94)4 93U 04)4
110b 110)4 11014
45Jt -J5X -154
Jj.'f 24?i 25
41 40 40!i
55 5-1)4 55
40 40 40
300)i 307W 307J4 307)4
ioi iaj io.i ion
..105
..139
.111)4 113
03' 00)f
,. OAK
. 02)4
..110
760 750 750
120)4 120 120)4
77)4 70)4 77
94 OIi
44).' 40!.'
51 51
04 95''
101 101
91)4 00'i
104H 101. 'f
205 :05
t8 OS
UOJX
94)
47
61
DO
101
98
104i
.270 205
. OS'i Ii8s
.115)' 110'i 110
120 118 1IR
Laclede Gas.
Lake Km & Vu,i...
le ltubbei I, re
lhlcb Valley
Long Island
Majse.i atotot'
Max Motors 1st pf..
US
17i 17' 17)4
74 73'J 74
29)4 -'8 20)4
DUD 02W UW
55) i 6314 55
40 44) 45
121)4 122U 110) J 122
b0)4 kH HS fc8
-'OS 20" 20"f 20'(
S2- 82). 81ii 82
57J4 57J 5,K
00 hO SS
17)4
73)4
2S
2'i
53)t
45)f
.105)4 10fl)f 100)4 100).
20)4
40)
p2)4
35
1)3
87
Mai Motors 2d l! 6C!(
.. 4'4
.. 5
..117
. 122
1. 83)4"
.. 29)i
.. 09!
.. 22'J
..140
..109!f
01
Mcx.iiiD I'eltoieum
Mlam. Copper
Minn SI P A s S M.
Mo Pac w
Mo Pac pi -
Missouri Pacific
Mo Pac irefs
Montana Power pf...
Na nirult
Nat Cloal A Suit...,
Nat Enam A 8 Co...
Nat Lead Co
Ne Con Cop
New York Air Drake
Nes York Central...
N Y N 11 AH .
Norton A Western...
Northern Pacific
Ohio Cities Gas Co..
Ontario Mirer Nln...
Pacific Mail
Penu Itallroad
Peoria A Eastern....
People's Gas Chi....
Philadelphia Co
Pitts Coat cof dp 3U4
Pressed s car Co. ,
Pulman Co
Qulcksilrer
Itr bleo. np Co...,
lty 6ttel Sp Co pf.
Jtr Coil Copper .
Iieadlng.
:o
40)4
KIH
35
1144
88H
67J4
20
40
M'4
35
Vi
87J4
57)4
:'0
40)4
35
01
87,f
67)4
112)4 11 IX Hi 114
39JJ 39?;
124 l.MJi
21 .'4
5J!j 0.')
4)4 4'4
4,i 4!(
110)4 117
122 122
W's 83)4
2'.l)4 30
70 70'4
22)4 22)i
152)' 147)4 151)4
110)4 109)4 110
00)4 b0'i 1)0!.'
.135!' U3'i 135 135)4
U3)i U3H' 113)4 113.''
78 70H 7ti 70
04 OJi 0'; U'i
39'i JO
125 I2j
24)4 24)1
52 H
4'4
5
117
122
b3,'i
30
71)4
!J
20i 27
5S 68)4
14 14
HO'l 110
40)4 41)4
3214
00'( CO
170)4 175
2)4" 2'l
52 f0)4
101 102
2(1)4 204
27
58)4
14
10'J
41
32
01
171)1
2't
64)4
102
L0)4
08J
14
110
41
32)4
00
175
i'X
60
102
d)f
............
Reading 1st pi 454
Hepublc iron A a...... 22
Shat Ariz Cop ;M
eai Itos A Co...,
Blojs-Sber 8 A I...
Sloss-SS A I pf...,
boutb Porto It Hug.
Southern Pacific...
Southern Rr.......
Southern Itr pf. ...
Studebaler Co
btuti Motor.,
Tenn Copper 25 i
...113)4 114)4 112J, 113)4
45 45 46
8.I-4 81 82)4
31)4 31).' :il4
215 215)4 215 215)4
.... HI 14 115 G3 ti.'i'i
,... 07), 074 9J4 07)4
....195 205 200 205
....102)4 102)4 102)4 102)4
.... 25) i 20 25)4 2MJ
.... G8' 0U CO 09
....132'. 133!. 1,1J)4 13314
71)4 71)4 71)4 71)4
25M 25)4 25)4
225 223? 4 225
11)4 U) 11)4
01)4 01)i 01)4
64'i 54)4 64h
100W 100 lOOh
11)4 0)4 0)4
65)4 65)4 55!4
101 IrVt 164
ISOJi 152)4 150)4 151H
... 83)4 F4 83)4 84
... 21)4 24 22)4 24
... 63)4 63)4 53)4 63!4
...127!-' 131 1274 120
... 8 8)4 8)4 8K
6114 OiH 0144 02
,22
. 12K
. 01)4
. 64
.105
04
Trias Co
Teias Pacific
Third Aienue
Tobacco Products..,
Tobacco Prod pf...
Union Jiac A Paper
Union Dag A P pf 55
United Fruit 10.114
Union Paciri ,
Union Pacific pf...,
U8C I P A K....
usoir&Rpf.
U Bind Alcohol...
United Rjrs lor Co
U b Rubber
U S Rubber 1st pf 113 113)4 113)4 113)4
U 6 to II 4 11 76)4 704 70)4 70)4
U S Steel Corp'n 118)4 120)4 118)4 120
U S Steel Corp'n pf.... 121)4 121)4 120)4 121)4
utau copper WH VOH
Va-Ciro Chem 43)4 42)4
Vt Iron Coal A C 52)4 65
Wabash , 14)i 14)4
WabasnpfA 61)4 62
Wabash pf D 28 28)4
Wells Fargo Eip 125 128
Weil Union '1 100)4 102)4 101
West B AM 04), MM 0444
West E M lit pr 74)4 745.
Wheel & Lake Erie 4 3)4
Wheel A LE 1st Pf.... 7 7
Wheel A L E 2d Pf 4 3)4
Nlllri Orerland 47 4M'4
00)4
42J4
63
14)4
5114
2S)(
137M
74)4
3)4
6)4
3)4
40)4
00)4
424
51
14)4
6Ih
28J4
124
103
05
74J,
3
0
3)4
47
103)4
Willys Overland pf 103)4 10JU lOJi.
WoolHorth J W 138)4 UVH 138)4 130)
Ca dividend) Vlrainla-Carollna Chsmtcal Com
pany preferred, 3 per centl C. C. C. and Bt. L.
prslerred, 14 per centl Allls-Chalmers Com.
pany prsferrsd. 14 par centl Lehlfh Vallsx, 14
per centl Detroit Kdleon, 2 per centl Ccnlral and
South American Tel. Co . 14 per centl Southern
I'nclflo. 14 par cent! U H. Industrial Alcubol
Company preferred, 14 per cent; Hhattuck Arl.
tuna tapper Company, one-halt 01 I par vent
and threw-fourlb of 1 per cent' extra 1 i'hlladtl.
phlo i.umpany 0 per Lent preferred, 14 per
will, ..wivwim .i. . w,u,iva, f
Parlflo 'J'elephoua and Teletrapti, 14
Wealtnanouss Air Urake. per canti
Telephoosand Taltaraph, a per cetil Kansas
City. Bouthern preferred. 1 per centl Mexican
par renit
per centl
.per centl American
'lelelratili Uoropany, i'4 par canti Quid and
a .via
elaarapti, 14 per "
Htoc
uko Company praferrad,
r.stivnai nana. 4W
Bank, S per cent.
14 per rent
per centl decern!
centl
nti 1
Central Coal and
rust
tlonal
GOVERNMENT BONDS
JJU. Allied.
reaiatered H0
2
.ra coupon ew
U itrl 11,
ia cou4 .!.. ..
itB'.""" '
I.4.1I
tir
m iti
a
WHEAT GETS WEAK
ON HEAVY SELLING
Professional Traders Cause De
cline Following Strong Start,
Although Exports Are Large
CIRAIN tlKI.T 44KATIIKU FOnRCAHT
rilH'UJn. Bent, it The itealher fore-
eaal for SO nanrs follows!
Illlnol Fair tonlshl and Halnrdar. rlalnc
temperature Batardar and north and weal
fanleht.
Sllaaanrl. Wlaeonaln
nlaht and tomorrow. rUfi
find lowaFalr Io
ns lenineratttree.
Mlnneaola 1'arllr eloodr tsnltbt and pal
nrdar, warmer tonlaht. rooter north and
net. warmer east waturtiar
.North Dakela t'urtlr eloudr 'anient and
lomorruw. warmer lonltlit. cooler north and
wet 8atnrdar.
(loath Dakota fair lonlsht ami Salordar,
wnriner tonliht.
.hr..lia . ante lanleht anri (Am.rMw.
warmer tonisnt. ami essi natnraay.
anil
'J
lianaaaFalr tamaht and 8atnntar
eooier tomorrow, rlaloc lemnerature Inetea
1 cooler.
CHICAao. Sept. 29. Selling by local
professionals turned a etrons; wheat market
Into a heavy one today, notwithstanding ex
port vales of more than 600,000 bushel",
rrevlous to the easiness buying of Septem
ber to cover shorts ran that future to a blK
premium oer deferred months and started
shorts In general coerlns.
There was pood purchasing by commis
sion houses for n time and outs'de Interest
was larger Offerings on the bulge became
free. The supply and demand situation
continued bullish
D. W. Snow declared that Europe's re
llanco on North America to furnish 240,
000,000 bushels for export this ear Is be
jond the capacity of the Continent. After
all deductions he put the exportable sur
plus of the United States at 78.000,000
bushels and that ot Canada at 95,925,000
bushels.
The Modern Miller's report was bearish.
It Indicated that rains In the West will be
of great benefit to plowing and seeding
operations. Kansas will have an Increased
area under fatorable conditions and In
Nebraska It will be as large or larger than
that of last year.
Leadlnr futures ransed aa follows:
Tea
Wriest- Open. Huh I.ow. Close., close
September 1 .1(1 l.Mfe 1.54
p.cember t nMe I .MS 1 M
Ala
y .. .. I M l,o4 1 S3
Corn (new delivery! .,
Hi) hu r-i'
73'i 744 7SS
77 774 70S
September
ueromDer .
May...
Oata .
September.
December
May. .
Lard
September. October,
December..
nibs
September,
October. .
Jenunry
Pork
September.
December..
1 M4 1 61
Ti.na't -l.tn'a
'l.GSK'l 544
P04 IPOS.
has T704
4R4
14 40
13.70
II 40
13 85
12.43
21 45
3.45
iiuu.r, -a.v
Hid. fAsked,
47
484
BIS
14 r.o
14 I")
13 7-
14 42
13 N7
12.45
250
23.43
464
484,
MS
t484
t51S
46
4S4
31',
t140
14.40 14 50
14 21 14.-I5 14 2
13 57 '13.70 tlS.7.'
14 1 M4.37 14 41
1.177 13.82 ! 87
12.27 12.40 'IS.ii
28 45
23 35
21.43
23.33
2ft 50
23 4.1
MANY STOCKS RISE
IN CURB TRADING
Growing Outside Interest Is Ap
parent in Various Groups.
Standard Oils Active
NKW YORK. Sept 20. Active trading
and substantial ndvancea were noted In
many Issues on the Dcoad Street Curb to
day and there were Indications thnt many
of those stocks were in general publlo de
mand, with a growing outside Interest ap
parent In tho various groups.
The most Important moiement was In
Midvalo Steel, which rose from 74 to 76 H.
the highest price touched on this movement.
Submarine which sold ex dividend of 1H
per cent., advanced from 42 to 43, or cqunl
to 45 with the dividend on.
Thcro was continued buying by western
interests In Zinc Concentrating on the
Knowledge of the many new contracts by
that company.
The Standard Oil issues continued their
record-breaking movements. Standard Oil
of New Jersey moving up from 662 to 578,
Pralrlo from 460 to 460 and Prairie Pipe
Line sold at 300, The Independent oil
stocks followed In line with moderate gains,
Oklahoma Producing advancing from SH
to the new high record of 8J,,
Texas rights were traded In at 23 to 24 H.
Cosden & Co. sold nt 16 to 1711 and the
new sixes sold at 102 to 1031-,, Niplsslng,
which was traded In ex dividend, sold at
8 and 8,.
The motor stocks were generally firm,
with tteneral Motor new stock selling at
1S8. and United Motor ranged from 66H
to 67 H. Steel AIIos. n new mining stock,
was traded In at 24 to SH-
INDUSTRIALS
, , Hid Asked
Aetna Exploslea .. 114 12
Amerlcan-nrltlsh II fa- , in 20
Amorlran Marconi 34 34
Canadian Car Co , 40 50
do rfd ..... 70 mi
Chevrolet Motora 204 207
rurtlsa Aeroplane , 21 35
KraerAm Phonograph .,.., 04 04
Haskell Harker Co 40 41
Hendee Mfr ... 21 30
Kathodlon Itronsa pfd in 17
Maxim Munltlone 34 54
Manhattan Transit ' 1
Mldvale Steel 754 70
Otla Klerator 07 71
I'oerteaa Motora 2(1 20
Poole Kna .. ., 110 115
H a Kreare w I Ill 14
hinnaaru aiotors n4
Hubmarlne Moat 424 4
Triangle Kiim '2
united front unarms: ', 1
I'nlted Motors 084 674
U M I, as II com 24 24
do p'd 44 r,u
White Motors 31) 514
Willie fluke 4 5U
World Film , 14 14
STANDARD Oil, STOCKS
Illinois 200 203
Ohio 303 801
1'ralrl- )'I(X- 288 302
H O of California .,,..,..348 31.!
H O of New Jersey .'.75 580
8 O of New York 238 23B
OTHKU Oil, STOCKB
Coaden Oil '134 134
ftoaden Co 184 17.,
Inter retroleum JfS ilU
Ilouslon Oil I54 17
Midwest Ret 70
Sapulpa net 04 4
MINING STOCKB
Atlanta ...., II
llutte Copper and Zinc 7 74
Ilutts N V , .14 J
Cerro da Paara 8S4 SnS
Flrat National ,.. 54 04
noldfleld Meraer ,. 7 8
llecla Mlnln 64 r4
llooe Sound ...,.,......,.. 44 5
Jim lluiler 0 DA
Jumbo Extension SI 38
MeKlnler Darrah , 85 08
MasmaCppper , 184 If.,
Mlnea Co of America 24 24
Nlplsalns , .14 84
Han Toy... ., JJ, 20
St Joseph Lead It IS
West End Con , , 77 SO
BONDS
Cerro 8s , , ,1)04 1204
Mldvale 5a .... ,M l'4
ftuaalan 4s , inVl 1014
titty Parts Os ..,,. V8
uiviniiNns
LKIII01I VA1.I.EV RAILROAD COMPANY
Prillsdeiphla. Ueotember 20. lulej.
The Mnard ot Directors of the Lehigh Valley
nallroad Company have Ihia day declared a
auarlerl dividend of two ard one-half per rent
lor l.tB per share) on Ita preferred stock lo
stockholders of record September 80. luifl; and
a ausrterly dividend, of two and ana-half per
rent tar tl.tt per share) on Its common stock
to stockholders of. record September to, tuts,
both payabla UrUber 14, 19l.
Checks will be mailed,
a J. KULP.
Treasurer
V -
I.KOAL APVKKTISEMKNTg
23tF
FJ4TATK Or 1UIMA HOPKINS JCDSON
TIIOStlHON. deraaaed Ittara liiutiun.
tary in in above aetata navins neen crantco
lo the undersigned, all persona Indebted to the
said eatata are requested to make payment, and
Ahuaa havlrur clalrna to aend tha same, without
lay. to llfTs, KM11A JUDSOS IIOllNIIBHOBR,
1125 Madison avenue. New York, or to her at
torney, WAYNE P, !1A!B0. Esq .
V26 Cbeatnut atrcet, rj-lla.
ANNUAL MKKTINOS
fc2F THY. ANNUAL MKKT1NO or TIIK
1 atockholders of lb Provident llulldln
and Lan AaaoelaUou will be held Mendav eve
bIui, OciaVer 0, 11. t 8 'elaeii. Election
of officers and votlp on an amendment to tha
by-laws Incrassln the number of managers
i this meeting
JOHN P IUMAQB. Secretary
MIHMTmtV M AritillMTAfT
fysj) tifay-L 4aiawalaale
j-irrA. Wit JbU
Sales in Philadelphia
Net
..... . '"h. ,'nw C'" ."hf."'.
Alliance In low 14 '" Y
80 Anaconda . St!4 08Vfc 8H H
85 Am Can.. 8tt (14 8- li
100 Am ns pf os ot
80 Am C A F. . 78HaWt 7V4 H
800 Am Loco.. 8H4, ROl4j 9Wt 8t
80 Dald Loc. 80H 1(. 88H 8V4
118 Uut IStc. 56 3S 65V4) H
3 do pref. 68 88 88 .....
0 Drill J Opt 03 03 03 3
180 Col F & lr. HtW, ooi' 68H H
180 Cam Steel, 83 BS 83 8
100 Ches & O. 7 eiH Vl H
10 ConTrNJ 73H 784 78H Y
1146 Elec Stor.. 78 71H "
160 Krle 40 Hi 40K 40t4t ....
60 Int Nick ct 848, 34 5t,i 1
200 Insplr Cop 67't, 0714, m H
800 InsCoN A ZVA, 27)4) 27
100 Int M M ct 48H H 46H 1i
145 Kenno Cop 67 H 87 87 i
200 Key T Co, IS IS 13
1173 I.k Sup Crp 18-f. 14H 13 14
10 lh Nav .. 76A 7V4 78U la
1881 Leh Val. ssn sz 8SI4 1
ISO L. V Tr pfd 48 4tH 48 W
18 North Cent 88 80 86
43 Nev Cons. 23 ts tS 14
1410 Penna R II 86V4 8814, li
878 Pa Salt M 00a; 30 09H y.
Its Phlla Co.. 411a 41 114 14
30 do cum pf 4844 43 V4 48V4 14
840 Phlla Elec. S8H S6V4 8Mi
1140 PP.T tr cfa ton S0X, to,
IS Phlla Trac 10 78 78 14
810 Reading.'. ,114 lis lUVi H
1780 Ton Del .. 414, 14 M
48 'Ton Mln. 8 13-16 5)i 14 H
100 Union Pac.181 131 161
34 Union Trao 441, 44 44;
186 Un O Imp 80 881a 88 1
10380 U S Steel.. 104 118 ltOVi 2U
80 Utah Cop. 88 Vi 86V4 86 Vi
150 War I S 9l 14
114 W J i 9 S 30 H 30V4 SOW
8 York Ry .. 14 14 14 ....
Hx dividend.
IIONDS . , Net
Utah. I.OW. Clnaa. Che.
31000 Alleg V 4s 0614, 0H, 08M, V
1100 A a&U 6s B6H 06 6614, tt
SOOO K T 1st 6b 00H OOli 8H
7000 l.k S Ino Cs S8H 38 38 1
tooo I. V gen 4s 00 00 00 ....
1O00O Lch V cons
414s 2003.10014 100U lOOli '.4
3000 do Coal 6s.l041i 104V4 10414,
1000 do cons 6s. 100 Vi 10DV4 lOOtt
tooo Pa Co cons
4Va ....tOJVi losii 103U
1000 tto g 4 Us. lot Vi lOSVi lOJVi 14
too Phil Klc 4s 3 as 85
8000 Rdg gen 4s 0314) 0Bi 03Vi 14
6000 U R InvSs 10Vi 70 70 Vi
SOOO Y R 1st 6s 06V4 061's 0014
LOCAL MIKING. STOCKS
TONOPAH STOCKS
Hid. Ask.
Jim Hutler .J!
MaeNamara 03 .07
Midway 23 .27
Mlspah Extension 21 .28
Montana 24 .26
North Star 1.6 .18
Tonopah Hetmont 44 44
Tonopah Fitenaton 54 84
Tonopah Mining 84 6
Hearue Eula 28 .28
West End 78 .80
GOLDFIEt.il STOCKS
Atlantn , 00 ,11
niue null 02 .03
Hootti 11 .13
nulldng 01 ,(1J
COD 08 ,04
Combination Krartlon 01 .08
Ulamondneld D II 03 .04
Daisy 01 .04
Florence 4.1 ,48
Oolrineld Consolidated 66 67
Ooldfleld Merr,-r 07 ,08
Jumbo Extension 17 ,3(i
Kevranae 08 ,10
Ora 03 ,04
Sandstorm Kendall 04 ,06
Siller Pick 20 .22
MISCELLANEOUS
Netada Hill 21 .25
Nevada Wonder 2 37 2.45
Tecopa Mining 10 ,12
Spot Wheat Firm in Liverpool
LIVERPOOL. Sept. 29. Spot wheat was
firm today with No. 1 Chicago quoted at
14s 2d. n gain of 2d; No. 2 hard winter 13s
lid, unchanged: No. 2 western winter 13s
9d, a gain of 3d; No. 1 Northern Manitoba
14s 7d. an upturn of Id; No. 2 Northern
Manitoba 14s 4d. unchanged, and No. 3
Northern Manitoba 14s 3d, a gain of Id.
Choice Kurrachl wheat was quoted at 14 s
6d. Corn vvai firm with American mixed
2d higher 10s lOd, while Plate showed an
advance of Id at 10s 7d. Flour was un
changed at 60s 6d.
1
BAR SILVER
Commercial bar silver was quoted In
New York today at 69"4, a gain of ,c
In London bar silver was quoted at
32 16-16, a gain of l-16d.
DIVIDENDS DECLARED
Northern State Tower Company, recular
quarterly of 1V per rent on common atock, pay.
Able October '20 to flock of record September
SO. und reeuUr quarterly of l! per cent on pre
ferred atock. patable October IS to stock of reo
ord beptember 30.
A
" For the
Asking"
t
A Pocket Edition
i ) St
REGISTER
lth Dond Intareat and
Stock Income Tablva.
Stock
Bond
Mortgage
for Recording
). Name of Security,
2. Date of Maturity.
3. Par Value.
4. Investment Yield.
5. Income Due Each Month.
6. Purchase Price.
7. Whether Free of Federal or
State Taxes.
8. Trustee, Registrar or Trans
fer Agent.
9. Bond or Certificate Number.
Form PL-S1
Wisiar & Stokes
Cominerelal Triit Dulldlnc.
I'hllade.phU.
r
A ONE YEAR NOTE
Obligation of an established menu-
factoring company,
Guaranteed principal and Interest,
Average Earnings Three Times Charges,
Present earnings considerably greater,
PRICE TO YIELD 6
NIELLO R & PETRY
Vlembera N. V. Il Phlla, Hlof Kxehaatas
888 lOMJIrJU'lAL TlirlHT UUII.UIMI
CONTRACTS FOR ERECTION OF J
NEW BUILDINGS ARE.LET BY CRAMPS'
Action Indicates Good BusinessLake Superior
vances to Highest Point Touched ia Two Years
on Local Stock Exchange
Ad-
,A good Indicator of the business now being-
done by the William If. Cramp Bon
Ship and Engine UulldlnR Company was
contained today In the announcement that
the company had let contract for the con
atructlon of four larse ahops. Thene build
lnr are classed as pipe and ahlp shops and
the main building- will be the power plant.
All are to be constructed of Heel. The Del
mont Iron Works received the contract for
tha steel, which amount! to 218 tons.
It has been known tor quite some time
In the financial district that the company's
business Is far ahead of last year, and the
placlnc of tha contract for additional
bull dines was viewed by the Street as pre
paration by the company for large orders
After the war, which will naturally be placed
by the nations now at war In order to build
up the merchant marine.
ljke Superior overshadowed everythlnR
else In the tradlnp on the Philadelphia
Stock Hxchange today, ndvnnclns: nearly
1H points to the highest price at which
It has sold In the last two years.
than 11,000 shares changing haMs m th
full session. The stock reacted a little fww
i lie nest late in the day on profit-taking
There was no news to account for th
buying of the stock and, In the absence M
any, the Street generally attribute! It to A
belief thnt Philadelphia will secure addi
tional representation on tit board of 41
rectora at tha annual meeting on Ootobsr
4 While the stock was stronff tha income
Es sold one point lower.
United Stales Steel common wtut the n
most active Issue, and reached a new top
mark above 120, but part of this was lost,
Tho turn-over In that stock was more than
10.000 More activity was seen In Toflopah
Belmont today than .any other day la a
long while. The sale ot nearly 1800 share-,
however, was accomplished without much
change In price. On the whole, the, entire
market was nctlie, which was a responses
to the continued large market In HtW Yortf..
Financial Briefs
Earnings of the Buffalo and Susque
hanna Railroad continue to show large In
creases. For the month of August the
gross wan 8180,821, an Increaso of 829,872,
Xft Income (62.273, a gain ot 830.888. For
eight months the gross was 21,116,334, a
gain of 3204,185, while the net Income was
3403,860. an Increase ot 3262.903. The
proflt-and-lors balance at the end ot eight
months was 3397,280. Th's compares with
3138,147 In the same period of last year,
or an Increase of 3289,133.
The assets of the Falrmount Park Trans
portatton Company have been transferred
to the Falrmount Park Transit Company
under the plan of reorganisation, action
having been taken by the reorganlters late
yesterday afternoon.
Chicago Doard of Trade membership
reached a new high level today when one
sold for 36300 net to the buyer.
Frailer & Co. celebrate the completion
of their third fiscal year with a dinner this
evening at the AdelphlA. Members ot the
firm In the Philadelphia, New York and
Baltimore omces will be present
The annual statement of the Plymouth
Cordage Company to July 81 shows gross
sales of rope and binder twine 311,:00,000,
against 311,027,521 a year ago.
The N'ew York Subtreasury has trans
ferred 31,000,000 to San Francisco.
Applications havo been made to the New
York Stock Exchange to list 310,000,000
of the preferred btock ot the Pan-American
Petroleum and Transport Company, and
316,000,000 of the capital stock of the White
Motor Company,
TUenty-one railroads, operating In the
United States only, have reported gross
earnings for the first week of September
totaling 37,625,344, an increase of 3464,972
over the corresponding week of last year.
The exports ot copper for the week ended
September 28 were 9342 tons, against E504
tons In the corresponding week last year.
Exports since September 1 totaled 28,572
tons, compared with 14,327 tons In tho same
period last year.
At a special meeting of representatives
of the New York Curb Market Association
this morning the 7500 preferred shares of
the Atlantic Steel Company, par value 3100,
were listed and admitted to quotation.
Tha New York Subtreasury lost 33.098,
000 to banks yesterday, making cash net
loos since Friday of 311.496,000.
The August gross earnings of the Hudson
and Manhattan Company were 3446,556, as
against 3427,195 last year and 3424,660 In
1914. The net for August Just past was
3283,933, as sgalnst 3236,082 last year.
i'-nF5iSiffaffiTi7ia.rrarraii mi
Trading Department
OUR Tradinj- Depart
ment, in charge of Mr.
Stanley C. Eaton, is
connected by private tele
phone with New York and
Baltimore.
We will be glad to furnish
quotations on all listed and
unlisted securities and
make a specialty of ac
curate markets on inactive
stocks and bonds.
We are glad to accept
orders for the purchase or
sale of all bonds and stocks,
but do not carry margin ac
counts. We will be glad to ap
praise your listed or un
listed securities without any
obligation on your part.
FrazercvGx
Invtmtnt Banktrt
Broad &. Sansom St.
TirnrnimiiHiiMiiiiiiiiMimiiiirnTrrnTTmT
.IIHIM
I
The Inheritance Tax
THE new Federal Estate Tax imposes a
levy upon the property of every person
who dies subsequent lo September 8, 1916.
We have prepared an exact copy of the
text of this Law, which will be mailed to
those who request it.
Philadelphia Trust Company
414 Cbwtnut Street i: 1415 Ckestaut Strt
Philadelphia
HARDWARE BUSINESS REAl
BENEFITS FROM PROSPERITY
Summer Season Good and Annual Trwki
Best in Years ,,
Hardware manufacturers and jobbers
are reaping a, good share of tha prosperity ,
which Is enjoyed In most lines of trade, ae- "
cording to the weekly review of trade by
It. Q. Dun k Co. On this subject the re
view says:
"There Is a noticeable Increase In thA
business being done In the hardware line,
notwithstanding a fair volume of buslneas
was done during the summer months, which
Is regarded as the slack season In this line
of business, and notwithstanding he high'
prices In thla line, the volume of business
done. It Is believed, will exceed that fct
several years previous, -with a considerable
Increase In the profits, and It Is believed
that the business will continue to Improve
during the fall season. An Increase In col
lections Is reported."
Of other lines of business the review re
ports In part as follows:
"Conditions In the local cotton yarn trade
are reported as exceedingly active at tho
present tlmo, although during the previous
week business dropped off to soma extent,
but Is now showing a steady Increase.
Prices are high and some numbers show
an Increase of one cent over the previous
week. Dealers report that they are having
some difficulty In filling their orders
promptly.
"Manufacturers of men's clothing are
busy and well sold up. Jobbers ot woolens
selling principally to nearby manufactur
ing trade report a good season's business,
prices steadily advancing. Hosiery and un
derwear Jobbers- have also had a good
business and sales continue active.
Exempt from State
and Federal Taxes
Lackawanna
County, Pa.
4
Gold Bonds
Maturing September i, I H
Acceptable in our opinion
for Postal Savings Deposit"!
nt 00& of par value
Full particulars on request for
Circular PL-S6
TheNationalCity
Company
H21 Chestnut St, Philadelphia
New V-"t htMi-ir! ,.i .
The Effect of the
New Eight-Hour Law
on Securities
is di'jcujsed, and conclu
sion drawn for investors,
"" in the Intest circular we
have prepared. We be
lieve that every investor
will be interested in read
ing this circular and we
therefore invite requests
for complimentary copies.
.i-
!f
Ask for Leaflet No. i39
William P.Bonbright&CoJnc.
MORRIS WIRTAK STROCD, Jr.
Manager
437 Chestnut St., Philadelphia
Mew York Baslaa Detroit
Ionian Taris
William P. Donbrlaht A Oo. Bonbrleht 4 Co.
Seventy Coppers.
A booklet of .138 pans 4s. .
votsa ia ins producers or
tha red natal. Practically
tvsry Important company
la eovsrsd. tesstnsr .with
capitalisation ataustica. a
ravlsw of tha situation
.,. Mill. ,VTW fl.bVS,
Seventy-five Silvers
A hookUt
of tha
articles
cantalnlnr
Important
on ma
mspa
ramus:
History ef
r. ui a
uaiion ana
data ' on 7S
ductra Is reaer
trrbutlon.
tha Silver Industry.
! na .ouuoo
uaatcsr
It.
WSU-
Tm above lioo poaJtltta t)
ha qj nitnl tnveMor.
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