i'3-
EVENING LEDOER-fHILADELPHLV WEDNESDAY, OCTOBER 4. 1916
&-
.
FINANCIAL NEWS 1
ACTIONS OP STOCKS FORCE STREET
TO CONSIDER PRESENT CONDITIONS
Large Short Interest Now in Market Railroad Shares
Taken irv Hand in Afternoon Following Good
Union Pacific Annual Report
lll llll II -! T
NEW TOTtK, Oct. 4.
Actio of many stock In Wall street today forced consideration o( prevailing
onKfon by those concerned In the market. It has been held by part of the
ptcuiatlve element that the floating aupply In the Street Jias become so heavy
mm the result of recent liquidation by banker, Individual operator and clique
that an Upward movement cannot be expected until time ban been allowed for the
dleilon .or econtary distribution ot the stocks, which have been marketed In
order te realize profits, during the laat few week.
Apparently thla aecondary distribution waa expected to be made at price
determined by the bear Intertita, and thla expectation encouraged the pro
feeeieftal element to, lt and offer numerous atock nt concession. They have
proceeded with thla work until a large and uneaay ahort Interest rum been cre
ated and Instead of aecondary liquidation being In evidence, there waa a grow
ing demand for stocks day by day which would only welcome further rcalltlng
The aupply ot real atock linn been scant nil through the week nnd when
Incentives for buying appeared today vigorous advances were In order. The
specialties were the first to demonstrate tjio underlying strength of the market,
when New York Air Drake continued its advance with a further gain of 1 points.
International Paper common rose more than 2 points, Central Leather advanced
to new high record and tho American Linseed stocks, which wero Influenced by
report of the good showing to be made In the coming annual report. Both moved
tip to the highest price touched In many years.
These movements, however, were far less Important than thoso which came
In the railroad stocks After the publication of tho Union Pacific report.
This document presented the largest earnings In the record of the company
for public conlderatlon. Net enrnlngs Increased more than 17.000,000 during the
car. Tho statement of 8t, Pnul, for the month of August, published n few days
go, also making a new high record, furnished n strong promise of even lietter
return for the new' fiscal year.
The railroad stocks as a group responded to the showing made In this report,
with advances ot around 2 points. Union 1'aclftc, which had sold close to ISO.
rose to above 152, and New York Central from 110'i moved up to 114, the highest
price touched since 1912. Norfolk and Western, which closed yesterday at 139,
Made the greatest gain, advancing more than 6 point to above 145.
"With the activities In these issues business diminished In the Industrials, but
there was no evidence of weakness at any time In any part of the market.
Midrale Director Do Not Discuss Dividend
YOnK, Oct. 4. The Mldvale Steel directors at the regular monthly
NEW
meeting transacted only routine business.
dividend on the stock was not discussed
The question of declaring an Initial
COTTON ADVANCES
TO RECORD PRICES
New York Bond Sales
After Irregular Start Activity
Continues and Demand Causca
Big Gains
COTTOK nrfl.T WKATHRR CONDITION!
NJtfV YORK. Ort. 4. Thfrs waa as rain
In tba Milan bell thla mornlnr a, rapt iltni
AlUntle eaaal, but It was alaudr In
rrntrml and -atarn Tcsas and In Ilia Caro
lina and (laorgta. , ,
fn fallawW troiperaturra were. Tft ardf j I
Aahaallla and Na.h.llla. 41 SlrrUUD, 51
Mamohl.. Bi Chaltarroaaa, SSi . Illrmlnshaai.
ontaamarr. Mobile and little Koaka. S3 1
Faaaarela. VUsabarc. Tari .Kmth, "bra
part. Atlanta, havannah. RaUlili and Jark
aaimlle. OOl Maran and TbomaaTllls, 2
Oklahoma, Naif llrleana and Aututa
ll Kid. nllratntten and Tampa, 83l
lena. Han Antortla and C'harlealan, SSI I
ttUan. T4i t'ornaa J'hrlafl. IS.
inera waa ,ui inrn ai prrcipitaiion
KUki .03 men at Jaaaaantuiei
RaUlikl
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Slr,iMMl Amlo-Frrruh 3a
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2nooo Amir TI clt 4a ,
4000 Amar Writ I'ap Sa,
aoOO Armour (7a a1, a .
ItiOOH Atchlaon (an 4a,,,
JIMKI ao cv 4a 1333
lllNHMI .to CV 4a 1U60..
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Inth at It llmlPiton1
NKW YOntC. Oct. 4. The cotton mar
ket at the opening this morning was active
and Irregular, with first prices from J to
1( points net higher. The opening feature
was a big buying -order In January, partly
attributed to cohering ot hedges by south
ern spot! houses. '
Local offerings were heavy on the ad
vance, and subsequent deliveries showed
less strength than the near positions.
Liverpool's firmness was attributed to
less hedge selling and a ready absorption
of such pressure when It occurred.
Wall street was a moderate buyer at the
start, but offerings Increased materially, and
at the end or the first fifteen minutes the
market waa off about 13 points from top on
January, although still halt a dozen points
over last night's close, with Lharpool a
fair seller.
The market became very firm late In the
morning, Reports of unfavorable weather
In ths eastern belt and talk of heavy Octo
ber exports seemed to stimulate the buy
ing. Spot orders were uncovered, as prices
worked above 17c for January and all de
liveries made new high records, with active
months selling 2! to 25 points net higher
shortly after midday.
Offerings then became rather more liberal
and fluctuations early In the noon hour wire
somewhat Irregular.
The receipts of cotton at the porta for
the day were .estimated at -45,000 bales,
compared with 61,087 bales last week,
4 4,2 J bales last year and 21,791 bales
in isi4.
T. rliaa. Oi
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ianuarr,,
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Liverpool Cotton
LlVEnrOOL. Oct. 4 Spot cotton today
was In good demand and 3 points higher
on the basts of ,(5d for mld-uplands. The
sales aggregated 10,000 bales, Including
S800 bales American. The Imports were
11,000 bales. Including 11,000 bales Amer
ican. The market for futures closed steady
at a pet advance ot Si& points.
Few Failures Reflects Prosperity
Prosperous conditions In trade and In
dustry are reflected In statlstlca of failures,
which show- a marked reduction from the
mortality of 191S, Strictly commercial In
aolvenclea. as distinguished from banking
suspensions and personal embarassments,
nwobered 13,550 In the United States dur
v lag the nine months lust ended and In
volved S164.6SC.707 ot defaulted Indebted
ness, against 17.2SS reverses last year; when
the liabilities reported to It, a. Dun Co.
were $!41,e,00,
Si.ii p !, ,i .i up. iiasia.a P..I
Marine Directors Meet
NEW YORK, Oct. 4. The directors of ths
International Mercantile Marine' Company
met- this morning, but after the meeting an
nclal stated that only routine matter had
keen rileciMwed. No action waa taken on
the election ot officers nor s such action
likely to b taken until the regular monthly
saaUtg of i board. The regular month
ly BaaMlng Is usually held on th. second
T tar-ad y ot each month.
tirai 41W riv "m ,
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CANADIAN FAJJa"!!
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lnlji ioi. ioti
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100 100 10(1
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1034 1034 1034
noli vqS 304
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115 110 114
New York Stock SalcT
Uat elnaa lllsh. fr, Cloaa.
Arms Tea .. 6R', M f.S tA
AdamiEiprett 14.i I51U 14S HO'J
Adr Homely 17 l.Mi 15 K
Ati Itnbber 6,Vi (U M M
Ainkstioidxi ... r:n n(( 12W n'
Alsika J Gold M .... 7 7 O'f C.
Altla-Cbilmeri lire 2T 2fl), 2(i 201,
AIH-Cb3l Mff pf 81 HI 81 81
Am A Cnemlcsl fIJ 80t Hi H)
AmBeetSoftr V7H OTU VI H OS
AtnCsn J3H 0o4 (VVt MU
AmCsapf IIOi 114 a 114 114
AmCsrAFdr 71 72!' 7H 7IK
Am Cotton Oil 64i MM MH MH
Am Eiprni ....127). 131 120 131
Ant Hide A leather .. It 111, IP. 11U
Am nine a i, pf no'i n2 nJ mxt
Am Ice Semrlliw . .. 2S'i 28i Wi 2S'i
Am Llsaeed 2.'i i'."'( 2"i
Am UBaced pf JU f,8 fiT't fit
Am Ivocomotlrr . Kill HI S2'i 81
Am Milt Corp'n p( .41 40J, 40i 40'i
Am Braelt A FW I1.1W 114 1131, 11.1)1
Am Steel PoaDdrlet . (H'f IIY( 02. 0I!
Am fimsr IteflBlni .. 1I2) 113H 1121, 113)4
Am Tel A Tel 133' iail 133 133
AmTobtcco 231 221K 22IM 22IW
AmTobpf new 10QU 100), 10), 10!))i
Ani Wooleo 47J 4RJ. 48 48),
Am Wrlllns P pf. . .. 34'f 3.1)4 34 X,H
Am 7JBC L A 8ra .... 41!,' 42 42 42
Am 7. L A 8 pf 70 7.1 7.'i .I
Ansconda Cop M . . I' tl,U M'i OC'l
AtchTopAHK 107', lOS'i 1071 ll)M'J
AW3TA8Kpf .1001. l(K)I, HkV, UK)'.
Atl Coilt Line l.M'j 121 120 120
All Gulf A W 1 . . .. 8'Jif S8'i 8.S SS'i
Ilild Ixxo WkJ , . . OIK II.' !);( 00)i
Bait A Ohio KSJJ 00' i 80 ()0,
IlsltAOhlopf 70. 701 i 70'( 70)4
rtjttMtco iji)i isoj. y,a l.io'i
Betblehem 8teel ZM 00 VA, &
Iltockljo Rip Tr , . .. K 8.) M 8.r
Durni Brot 7h), 80' MS, hO)i
Dutts A Superior G4)i (IV i &1)i 0.1' I
Cat rettoleum 24 21 24 21
Canadian Pacific IKO'f 181'f 1H0W 181 '
rentril Leather
C entral leather pf ,
( hei A Ohio ... ,
Chfciro Orc.it Wert .
Chi (ireat West pt . .
CM llll A St P..
Chi M A fit I" pf . .
O 0 0 A St L ...
Chi A Korthftestern .
CM n I ATae
Chile Copper
Chlno Copper
Cluett res A Co
Col Oaf A Klec
Col Kutl A Iron
Col A South lit pf .
Con O E L A r Dal..
Consolidated Ou ... .
Corn Product! Kef ...
Com Prod Kef pf .
Crucible Hteel
Crucible Steel pf
Cuban-Am Suear
Cuba Cans Susar
Cuba Cano Sugar pf
IJeere A Co pf
Del Urk A Wert
Delaware A Ilud'on
DrnTer A Itlo Or .
Don A Itlo Or tr.. .
UrlfK-8eabury .. .
I)ul H S A Atl pf
Erie
Krlo lit pf . ..
Erie I'd pt
Central Klectrlc . ....
Oeneral Motors pf
Goodrich II K
Goodrich n K pf
Oranby Connol ,.
Oieat Northern pf .
tl N cfi for ore prop
(ireene-Canatiea
Oulf States Steel
Gulf States S 2d pf ..
Illinois Cent
losp Con Cop
lot Agricultural
lnt Agricultural pf.. .
Int llarr Corp'n pf
lnt Ilarv N J pf
lnt Con Cor v t c an.
Int Con Corp'n pf.
Int Caper
Int Papeuif... .
Int Nickel tefs ...
Int M M c of dp . ..
Int M M pf cof dp..
Jeae lta...
Kan 'City Southern...
Kan City South pf...
Kara er J A Co . . .
Kelly bprlng Tire
KeBtiecott Copper,...
Kings Co E L A P. .
Laclede Gas . . i
LackMrel Co
Lee Rubber Tire
Lehigh Valley... ...
Louis A Nash..
Manhat Elev sjtd
Maxwell Motors.. ..
Mai Motors 1st pf..
Mat Motors 2d Pf
May Oept Stores.....
Mei Petroleum
Miami Copper
Minn A St Louis... .
MlnnKt PASHM.
M St P A 8 S M pr. ,
Missouri Pacific
Mo l'ac trefs
Mo Pac w 1
Mo Kan A Texas....,
Montana Power......
Nat lllvult
Nat Dlscult pf
Nat Lead Co
Ner Con Cop
New York Air DraVe,
New York Central,...
N YN II A 11
N Y O A West ,, .
Norfolk Southers ....
Norfolk A Western...
North American . , ,
Northern Pacific
Oulo Cities Oas
Owens Dottle Mach. .
Pacific Mall
PadfUTel A Tel ...
Penn Railroad.,..,..,
People's Ou Chi
Peoria A Kaatera....,
Philadelphia Co
Pitts Coal oof dp...,
Pitta O pf e of dp, .
Pitts Coal Co N J...
Pitts 0 O A St L..,.
Pressed Steel Car.. ,
Pressed Steel Car pf.
Pallman Co,.,,,,,,.,
UyKteel Spjj
Kay Con Copper.
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55)a
Ol'l
04J
122
1U.1
(15)(
'MM
05.
2.-18
150
15
.'I7)f
00
IP,
in.
55)i
47
74'i
lit
Vi
120
45).
51
II.I
05)i
100
OOU
10
40).
lit)
120
17)J
71
:5,
07
55
4SX
W's
08)
81)i
C5)
129!.'
MINING STOCKS LEAD
TRADING ON THE CURB
Dundee Arizona Copper Occu
pies Interest of Speculators.
Monitor Silver Strong
Ni:V TOHIC. Oct 4 Speculative Inter
est on ths Ilrosd Hlreet Curb switched to.
dsr to the mlnlna? stocVs, with most Inter
eat attached to accumulation of Dundee
Aritona Copper, apparently confirming re
porta that one of the copper-produelnaT com
panies hss been inpecllna; the property and
may be back of the buylna: which started on
HturJy and has been followed by an ad
vance of I', to I.
In some circles It was thousht that Chlno
Interests were concerned In the moement.
but ths general understanding Is thst the
liuylmt today like thst of eterday was
bssed on the expectation that an agreement
of a favorable nature; with L'nlted erde
I xtenslon will soon be closed,
Monitor silver was also actUe and strong,
selling st 214. and It may be that there Is
similar buying In progress In that stock,
Nlplsslng waa firm, with salts nt H
ami 8 United Verde Intension sold nt
40-"a and 40, and Magma was traded rt
at 18
The Hteel Industrials were Irregular,
with Carbon Hteel opening at 91 nnd ml
ancln to 95, while Mldvale Steel was In
supply, and after selling at 75 '4 dropped
to 74 . Hteel alloys were trsded In at J
nnd J1. j. ,
The munition stocks were firmer, with
Aetna Kxploslves selling at II. to 12.
Maxim Munition sold at BW and SV4.
Gaston, Williams and Wlgmoro declined
from 494 to 4,, followed by a rally
to 49.
The, feature of the trading In the Motor
group was ft sale of International Motors
at the new low record of 3, Other motor
stocks flmluateil within n narrow range.
!Nt)l'8T!UA!.H
Aatna Kiplnalraa . . ,
ImarKan Mrltlah Manufacturing
Anirlfan Mariiinl ... .
Canadian far Company
Canadian Car A Foundry prat
Cht-rolt Mvtnra
Curllaa Aaroplane
Kmron rhonosraph .. .
Haakall A Ilarkar Car ...,,..,.
Ifrnd Manufacturing; ,.,
Kathodlnn llronce prar
Mailm Munltlona
Manhattan Trana .. ,
ill.lv al Ntarl
r.tla IJIevator
Paarlaaa Motors , ,
l-onl Knxlnaarlns ,
H.H Kreaaa wl
Standard 3totora
Htrombers ,.
Hulitnarlna ...
Trlanela Film
l'nlted Xtotnra
t'nlta.l l-ront Hharlns
V H l.laht A Ilrat
dn pref
Whltn alntora
World Kllm
HTAM.AIUI oil,
llllnola v . , .
Ohio . . ....
Pralrla l'ip . . .
Mtandard (Ml nf California
Hlandard (III of Naw Jcrary
Hlandard oil nf New York .
OTtinit bit
Coadan Oil . . .
Coadan Co
Inter I'atrol
Ilouaion oil
Laurel Oil (laa
Mldtvaat Hi-f
.S.pulpa. Hal
MININO STOCKS
Atlanta
Ilutle ("opper and Zlno
nulla N V ;.
Carro d Paaro
riret National
Florence (loldflrld
(loldnald Jlrrcer
Ilacld ttlnlnx
Howe Hound ,
Jim llullar
JumtMi Kn
MrKlhlry DarMll
Masnis Copier
Mlnaa Co of America
Nlplaalnir
Han Toy . .
Ht Joaanh l,ad
Waat Knd Con
White Oaka
1114
ll
"
as
. 4"
. "(I
.10(1
. so
w
. OS
. 23
. 13
: l
. T4S
. 8T,
. '.MS
. ins
is!;
2S
4S
, ... 37S
... .. ft
BT0CK8
ISO
Sill
i'JH
s-.-k
3-T
,i.. .:sa
STOCK8
I.V.
10.
IS
in
ii
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lu
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311 S
4
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73
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43
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74
70
ilA
lis
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V
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43
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83
1
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r,s
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IS
110NDS
. ttl'j 03'X
. SS 87)i
,. 5S 57U
. 05" 07Ji
.111!.' 112
, :iMi .in
. 20)4 2SI,
..120)f I3U
,.131), 130
.. 4J4 W
.. 4'.' 5
.. 24 24U
.. .4 4
04H 05
0.1
87'$
57,'.'
no
in
38! i
20)i
120
132
A
4t(
si;.
4
05
03)
87),
67' (
07 J,'
112
38',
20),
12)i
130
AH
5
24'.
4
05; ,
1.82
127
701,
22),
101)(
..122H 122). 122
..U0'f 127 127
.. 09), 70).' 70),
.. 22), 2j!.' 22)i
..150!.' lOx'i 101
..HU!i II3)i 110H 113)i
,. CO on; GO 60S,
.. 27 27 27 27
.. 24 24'f 23H 24!(
,.i:i!)!.' 115). 139), 145
,. G6' 08 07) OS
..114)t 11U, 114
ibi mil iwi
05 00
20). 28J.'
35 3IU
GO 5S!i
100 100
IS).' 14).
43), 42),
SUH 33)x
100 100
35; 335 i
85f 8t)
(Vrro Oa
.Mldvala 3a .
Ituaalan O'ta
City l'arl, (la
..110",
.. OSS
..inf.
.. VS
:oo
3113
jfi
.134
S3i
18S
18't
1(1',
'k
"fl
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117
ID
10
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ISO
1IHH
10IS
VBVi
Haw Sugar in Active Demand
N11W YORK. Oct. 4. The fact'that there
was a further active demand for raw su
gar today, with sales at last prices, caused
a very steady openelng In augur futures
wher first prlceswere 2 points' higher to
I points lower, most of the buying Interest
being centered In near positions. Trans
actions on the call totaled 1600 tons.
HAR SILVER
Tlar silver today In I.ondon wns quoted
at 32 9-16d, off 3-16d. Commercial bar sil
ver in New York, 68 c, a decline of 4c
114?,
7Sh
05
20'f
34)f
00
100
15),
42),
35) i
100
MH
85H
. ftSji 't)tt'4 oiiTi
, ..!o.3mSlosS
Ir 6s. W' BUS vi
WV WW IfW
03 03 33
. tl till uu
'K
isis 3
NEW YORK COFFEE MARKET
NEW YORK, Oct. 4, There waa a firmer
tone In the market for coffee futurea at ths
slart today and first bids showed advances
of t to Plnts There "were no actual
transactions on ths call, but light after the
mM there -waa a sale ef December at 1.41c.
Ts4srs Taatw4y'
otwems.
mkimi sa
, .MIMI"4,!'3
"""" !'2siM
rafwarr
iUaA .
Ill4.iltttl
l'i'IHlll
r-l 0
MyiMi
jUbm-Iio iAgkt nd Trs-iUn Cmmw. Mf-
uter tt.rtrly t l per Mat on tl 9nUr94
w? ao4 -ly r .i in wy4'rmt
rn r-n'asi n- "-'
.aju". rrL.
msi
??..
hti
. rml tjaarurttr
?,
41! tt
,..,,...,.,.... , "xj'-
AMPaaa . .itAi
taair ..,. 'i.H
rlav '.
BMi 3 31
isai 3 81
i.aai fi.ei
i.S I4
. 3 ST
i.iki s.70
I 111
.. 89
.. 20!,
.. 35
.. 68H
..108).
.. 14
... 43
.. 33)(
..105
.. 34
.. 81
.. G8; 09 OS) OSli
.ion, iou ioi). ion,
..154 174 173' 174
... MH 05); 51), 6S'i
. . 2.M4 jJili 2.Mi "Mi
lUadlBf , 112), 113U 112), 113)i
IleadlBr 2d pf 46! j 40) i 40!, 4(1),
llepubllc Iroa A 8 81), 82 K'J), 81
ItepBbllc I AS pf UiH 112; 112); 1121;
Baioa Motor 78'; 78, 78 78
Khat Aria Cop 30 20! , 28)3 20)1
beaboard Air Use...... 15); 15; 16U IS);
BeaALpf 38 39U 38 30);
Blou-Shef 8 I 64l( MH K( 03);
8lOU-38tIpf 08 08) 08)i 08H
Southfrn raclllo 103 1021, 101); 102J,
boutbern Ity 25!i 20); 251, 20),
Boutbero lty cf rVJ no); G9)i GU);
M U 8 F w 1 17 17H 17 171)
SludauakerCo ,13JJi 133), 133); 133Ji
BtuU Motor 70H 70) 09), 70
Tenn Copper 24) ui ziU '3)(
TeisiCo , 220 22 W 221 2J1
TetuPaclflo , 11) U 12 1
Third Aenue 7); 60Jf 68X 69);
Tobacco IToducta,,,.... A3); A8 Uli .8
TolbtLAWeat , 8f Mi 8), bH
Tol 8t L A W pf....... 12), 104; 13H 10);
UadtrTypewr 108 108). 1031; 108);
uafcm Hag raper..., 10
UakuiBac ft Ppf .... A7
Uftketl Cliar Stores...,. iai
Uatted Ctgar 8 pf 119
Ualtod-Krulr.,... ...... .163
Union I'sctfk; ,
Union faetflc pr,
l'xcinpt from Stale
and Federal Taxes
Lackawanna
. County, Pa.
4
Gold Bonds
Maturing September 1, 1040
Acceptable in our opinion
for Postal Savings Deposit
at 00 9& of par value
Full particulars on request for
Circular PL-56
The National City
Company
1421 CheelnutSL, Philadelphia
Nf Vo-V rjttaharaH I',l
U 8 lad Aleotol..,
U80I P ft,..,
u bo 1 1' ft r pf......
U&Wed Rji lay,,. ......
UaMed Rys lay pf,
u o nutwer,,.,,..,.. ,,
104. 10i; 10).'
ISM 57 50
103); 102) ( 10JU
no UU UO
1031a 162K 102K
.1S0) 162H 150; Ifij
, BJJi 81 S3 KJ
vmm vmh law; 126);
37
to';
61)
C4MatU4aHt tvf U. 8. Treasury
WAJlWINOTO.V, (let. 4. The patvHtoN
aat atk Uatltsat 8iaaa)a Trsisiiry., ror4lB4f to
aMMtMaat, tssana) taty, waa aw fcllsws t
Kat taljutM.tt) faattravl ftatU, 11aU4;
rlpta. t,air.ssi; laHM eitsviars'
IITM.4I3: saasn (or ttta
1i Ml, fc-ittatv ot Um Vai
yr.
CaUttJ
UBXuUw Ittpf.. ...114
USSmKftM 1iH
Utiiateel Cw'a.
U S SHeel Owp pf
Uw UIMf f f
Utaa aWcurttsM, ........
Va-Caio CtMB,,, ,
n 3Mafel, ,, ..,,,.., ,
W3Mk ft l., ,
WSatajSS H a,. .. .
erlaal JNfV 5S', '
wssi Pasasi Tll,.,(,, 9)t
wfas 33 Ja..t,,
waiaata MsryiaM.,,.
Wlllya OtwUsd....'.
Wcanasi (.astral
34M
SOU
10
M
ei),
114
74M
26
9
22),
gw;
114
74(
.....117H 118U 117
....13H; 111!; 1211; um
;
2J
W(
114
-4 1;
in;;
W, WM twar U4J,
mi IHh 18) i 18(
44 4H mi 43M
M4( H( 15 UH
MM. mu an Hum
mi iNM iwh laoM
MH Om 100K 100M
MM ftH fU JUM
flsHaaaf 9H
Atlantic Refining
(STANDARD Oil GROUP)
Sptcial Circular on Rtqaeil
Hoit & McWilliam
71 Broadway, N.Y. 'Phone JIM Rector
OCTOBER BOND
OFFERINGS
Ws aliould be pleased ts send sa re
queat aor Octeber circular t lOTeatmant
reeomueadstlone.
MELLOR & PETRY
Mamkara N. Y. A fhlla. Hleek Kiekaata
M MlalULXUm. THUMT HUIIOIIMU
WANTKU by Near YerK ta,k
Mxehaas liauae hatluc an sales
In 1'MUdaluliU at maaager with
Mo4a4e oaly theae eeupylaar aim
iter veaUlsa need aatil, KeAly
atetatlr aa4aBlUI..
H M, LKUUmt 01U.TR AT.
Sales in Philadelphia
Net
lllati lw Cloa chsa.
133 Am Hya pf 1H 1 t J
1SS Atchison lOjafc 01
33 V4 3314 ;t
S3
331.
43
a
10
41H
si
34
3314.
43
3
31 H
lK
10
4W
31
tlM,
ISM
m
3U(.
113
33i
103
11 Tl.
S3
41
tSlfc
13 1ISK.
33 33
13 J llrlll
too Ches ft O
30 Pol FI.
141 Cam Iron
41 Cam Steel.
30 Cramp A H
330 Chi II I...
110 i:ieo 8tor..
310 Hrle
130 Oen Aanh.
13 Ins CoS A tlH
(303 I.k SupCrp 4tk
433 lh Nav 1
141 Ih Val .. 33
100 N ahd W 143
3131 IV nnn 11 It no
3) I'a Halt I no
181 I'hlla l' 43
t do pref 33
to do cum pf 41
333 I'hlla Klec as.
1330 PltT CtfS 101
SIS Heading
SO Bo Hwjr
SAO Ton Hal
131 Ton Mln . s
too Union I'nc.lSIH
tos Union Trac 4
joo l'n llw)s.. to
10 Ln 41 Imp so
I I'll t N J 34
SIJ3 U H Steel lis
J3 W .V Yftl'a 13
13 W J A 8 3044
Kx dividend.
IIIIMIO .
Illltti lw
33100 A O&Kl Ss 4
3300 KI3V.P Tr 4s SOH
1003 I.k K Inc6s 31 Vi
10000 Ix-h V cons
4is 2003 loon
3300 do cons (s
rejf ... 100"A
3000 I'a & X Y
Canal 4" 01
30000 1" XV K It t
o 1 r-K '.
looo I'hlla Co
1st ts ..mi
Moo Ph Clec 4s S3"4
soon Read Kn 4s 03T
loooo It-J C 4s. 95 H
SK, l"4,
3314 H
43 1
0- 3
83
I3. H
10
4IM
SI 1
lt
It ")i
11H U
3.1 U.
143 Sl'i
no IVi
too '.
41U '
S3
41 tV4
SS'i '
133, M
I1S',4 Vt
18 V,
4 IS.8 14.4 11-131-I
ait ".t
314
13IV4
44
10
8311.
314
list.
18
SOH
38
83 Va
31 Vs
151 4-1
441a M.
10 tt
ss'fc Va
114 ..
ins
18 I
30'4
Nat
thse.
Clo,
08
80V4 1'.4
S1H M
100s 100
I08S I0a
0;
37
VB'a O0V4
101 101
83 Vi 83 Vi Vi
833. 0314
33V4 3V4
Local Bid and Asked
Today's Yaaterdsy's
HaMwIn
Hurt a Huaa t e ,
lo praf ........
llrlll JO
Klac Htorsse ...
(Ian Aaphalt
do prat
Keratone Tel
ilo t o
du praf ....
'.aha Hup Corp
l.ehlth Nav .
Ihlah Valley .
lhlsli Valley Tr .
do prat
lannaylM31fi
I'hlla Klactrlc.
I'hlla Co
ih. 3 par cant praf
dn H pr cent pref
I'hlla It T t c. .
Itroilns
Tonopeh Halmont . .
Tonopan Alining .
t'nlon Traction
tr (I I
It H Steel ...
York Itwy
Illd
01'.
, nit
, r.11
an
, iwi
3(14
71
,-
. r.'S
. t".
, 13'.
71
Jl
so;
42?.
r.'
?k
3.1
"!
i
uss.
41
Aakad, 1113, Aakad.
til'
311
7(.'
31
1.1
,s.
(W;
us.
77H
11
J('.
43
(i
xS
4t
37
4.'
lt".
1I3S
(.
, 3-1(1 &Ta .''.
. 44 43 4I.
, (,hi KM KN
117H 117'i 117.
, 134 14 13Vl
HI
f.3
3N
7NU
3ll
1J1.
tl" v
14J
7S
S3
'.'('
salt
43
.17
41
-(;
lfJ'a
J?
lit".
4(1
71
31',
72
l.-l
1.1
UN1.
in
;
Sua,
43
r.Nji
i'H
43
311
as.
"5!,
r.
43
Sll
117.
14
Organized
1807
Unusual, well - governed re
sources and banking equip
ment insure the permanent
safety and satisfaction of our
patrons.
Farmers and Mechanics
National Bank
427 Chestnut Street
xrn TMTrni?MATION ON EARNINGS
GIVEN OUT ATSUPERIOR MEETI1
Disappointment Shown by Action rf : Stoc Which Pai
More Than une rum --
pany to Produce Gasoline
J!!W-15&
inai no iubiciuv v. -. -
out at the annual meeuns; "' " .ion
holdem of the Lake Huperlor CorP"
in Camden todar. This 'pi?'nf,m"tcTm
plslnly registered In the action ft.
nany'a stock on the Philadelphia Stock m
'Thrstock was the most act.v, , r, the
tradln. Durlnit the mornlnr It held ground
the close of yesterday, an early '"C,1S
train ItaWnir been lost before midday, but
Uen the annual meetlnir was oer -and It
was found that nnthlnir with reirard to
earnings had been learned. "" "b,70".
Uir and It soou declined tl P0ln.,"le,lh(1
the final of yesterday. Subsequently the
stock recovered somewhat
The aeneral opinion In the flnnc'"''",
trlct was that the stockholders are entitled
to some Information Tin the compan a at
fairs. PhlladelphWliss n Kreater rlfhtto
this now than It has hail for some t me.
This rlaht lies In the fact that the holdings
hero now are large The holdings hate
been increased largely since the heglnnlng
of the Kuropenn war The stock was
largely held In Ixmdon and much of this
has been liquidated .
In addition to the stock which has al
ready been sold It Is known that there, s
moro foreign slock held here, " J1
very likely that some of thla came out
today when It waa sold down.
LOCAL MINING STOCKS
TONOPAlt STOCKS
nid
.. so
.. m
. . .13
.. ..'(
.. .-I
ii?
.. BS
.. .54
.. .73
Jim ttutlar .
MaiNamara
MMnr .
MlllMll Batenalnn
fanlairfk
Sonharn Hiar
Tonopat. llalmonl
Tonopah Hit'iialon .,
Tonnpah Allntns .......
naaCTi r.u.a .. ,,,....
Weal Knd
OOI.DF1EI.D STOCKS
Atlanta
niu null
Ilooth
llulldo
con .-.:,-
Combination Fraction
Plamondfleld tl It
Dalar .
iloldflald Conaolldated
(loldRald Marsar
Jumbo Kxtenalon ,..
Kawanaa
oro . . .
Band Kn
Miliar Pick
JIIHCEI.LANEOU8
Navada lllll .-5?
SVvada Wondar 2 23
Teropa Sllnlns "
French Hcntcs Loner
PARIS. Oct. 4'. Rentes 61 francs 80c, off
10c. i:change on l.ondon 27 francs 81V4C,
off 1c. .
.10
:?.
.01
,03
.03
.03
.Otl
.40
.3(1
.07
,."
.00
.118
, .04
.13
AaVad.
03
.V3
'
3
.30
.73
.11
.08
:H
.04
.07
.07
,03
.45
.01
,!l
.37
.10
.03
.03
.21
.24
2 87
.10
Philadelphia was recognised to ta
lent of another director, however.
has been expected, and It Is due In ttVtTj
me increase, iiuiuii.aa i.rra.
Of nett Importance tr the trading oa 1
local exenanae waa 1 aiuiajivanta Itallp
which ad-anced to 60. the highest tow
this year. Tho advance waa accompli,
bir the turnover of more than 3008
rnnaueipnia jiaii.u iiuiisu. wnicn sou l
inc lira. umcn w. - i-i iini. or II
snare, enowru .. urvunn ... n -4, tna
the'HMdend off a loss of 1U,
A smaller amount ot trading wis .
In United States Hteel common than Is u-l
.... .. ... .u. .I..1, .... . " aaa
any ine va.c, .... otwn b.vhib way 10 1
Bunerlor, aa far an activity waa coneai
only a little more than 1100 shares bri
sold, ana 11 snowea a loss.
An advance of 1 point was made by
adelDhla Company common. It took
a little more than 100 shares to dn .
The fltreel was Interested In the news th
plans ate hearing .completion whereby
company will undertake the manufaetti
of gasoline irom naiurai gas. The prw
which Is to be followed by the Phllsdet,
Company Is already In successful operatt
on the properties 01 me uoiumbla Oas 1
Electric Company near Huntingdon, IV. '
The l'hllndelpnla Company has Ineraa
Its vast supply of gas by an advanUrei
(-oniraci wim ti.u ,uiuinui. ui, ana ,
trie Company. The Philadelphia Comp
units wilt be operated In -o few maai
and will have an annual output of 1,100 1
gallons of gasoline. The Standard Otl'l
terests in mis section aiso uss the
apparatus.
Actively Traded in on New York
Curb
Steel Alloys
Corporation
(Molybdenum)
We hae prepared a special booklet
coerlng the uses and Held for this
wonderful metal nhlch we wilt be
pleased to send you on request.
Atk for Booklet No. S
E. H. Clarke
Inreatment Securities
57 William Street, New York
The
Remonetization
of
SILVER
would mean pric of over ll.M
an ounce for the metal and big
profits on SUrer atocka bought
at present prlcea.
We have on the press a
SILVER BOOKLET
giving tho essential facta about
more than sixty of tho leading
Silver stocks. This booklet .will
be sent you upon request.
Ask for 607-T.U. or for comrnlenca
KM coopos balow.
"SotMno Sell nMt StrrUt"
JONES & BAKER
stock nnoKEns
Widener BIdg., Phi!ide!phi
Itall. Walnut 1330.1,
Kejatoae, Rtce 2290.
Direct Frtvtt$ Wirt:
New Vork ."i,,J,,B v
Chlcnuo ntlabnrga
' JOXBS d BAKSB.
Wttattr :U., PXUaitlpUi, !.
Oratlemaa; t aaolt t lo te rreettt
ttv BoetUt ea silver BIU.
Xam
Aiirti
am .....
M7-T.I.
.......... s.ote .......
Cat out coupon and moll
Brown Brothers & Coj
Fourth and Chestnut Streets
PHILADELPHIA
Deposits received and interest allowed
For out-of-town accounts, instead of using pass-books, deposits
may be sent by mail and we will furnish statements of account
periodically or upon request.
We also issue Certificates of Deposit for a specific time, wUkj
auowunce 01 interest.
m
Taartijijal
V 4MT JMSPMairANa t
Pennsylvania State Tax Refunded
-
American Power & Light Company
6 Gold Bonds American Series s
Dated March 1, 1916. Mature March 1, 2016. Interest payable March 1 and September I
Coupon BoncU, $1000, SS00 and $100. Principal may be registered. Registered Bondslln $1000 denomlnatYom
Present issue, $6,984,300. Redeemable as to the entire luue at 110 1 and interest
American Power & Light Company, for which the Electric Bond and I Share Company is
fiscal agent, controls the Kansas Gas and Electric Company, the Pacific Power & Light Com
pany, the Portland Gas & Coke Company and the Southwestern Utilities Corporation. The
latter company controls the Southwestern Power & Light Company.
For further information regarding the Company and its Securities attention is called to
our special circular, copies of which will be furnished. A brief summary of the principal
points being: '
Operating subsidiaries furnish electric light and power service to 143
communities, and gas, railway and water service to numerous communities,
. llSSlooof m VCr custom nd serving a population of more Uiarl
Physical properties have bern greatly extended during the oast few
and are In a high state of operating efficiency. Electric neraS
ity is now 71.425 K, W vhlfe electfic distributing 3 If S
years
capacity
lines aggregate approximately 3500 miles.
factory!""1"" PUb"C rClaUn8 f peratine --Mtarei are satis-
Ttiatas ir. CinA Tt.1 . t . . .
:;:ZZi "?:- r,c.u'.r"rL"ona8 and take Precedence as to earning.
and assets over preferred and common tSSWmSA
i"JJJS which tavSSSSli
boa"6 aiipiuAuuaicjy a,iU0,000,
. Earnings are now about 2 times the interest on these bonds.'. ' '
, Price 95 and accrued inUrwt, to yield about 8.35
P a
Edward B.Smith & Co
Established 1892.
BANKERS
UmUn Nm York ani PhiUdOphh Stack Eehm,
1411 CMtut StrMt
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