, rt
'.
SuMfllDHKiSflMh
'aawi IIII1 11 " -TT-TTT
EVENING LEDGEB-Pm&UDELrHIAV MOOTAY. OCTOBER. 9, 1916
-
C tpj i ii I - -
FINANCIAL NEWS l
GERMAN SUBMARINE ACTIVITIES CAUSE
v SHARP LOSSES IN PRICES OF STOCKS
Exchange Floor Is Crowded With Struggling Brpkers,
Who Attempt to Execute Large Selling Orders
Dtclinet of Five to Sixteen Points
II lh FdniB in Today1 Financial Newt
Girmm mrinmcliyltho off the New England coast hit stock prices.
to dnwntf tkreo to tletten tint mt ih nn,; c. ' '
frtrt mrWliriMnri in afternoon. Grain and cotton alto weak, but both
fe tho low. Nothing of. particuhr interest in foreign exchange
mmrhoL Prist of bar stiver lower. Philadelphia bank statement for week
oht4 big gmn in homo, deposits and surplus. ' p
...... NEW YORK, Oct. .
Another red-letter day was added to TVall street history today with the
transacttetra thta mornlnK resulting from the feverish 'uneasiness caused by the
new German submarine activities. At the Winning of business the Stock Kx
change floor wag crowded with howling, struggling broker, all eagerly attempting
to execute myriad ot nelllng order- which had been received aa the result of the
newa of the disasters oft the New England coast.
No one teemed to carp to reason aa to whether our own country will be
committed aa the result of these disasters or not or aa to how long the depreda
tkwa on outgoing- commerce may continue, but alt seemed to be Imbued with the
purpose of getting rM ,of stocks and aa the result values crumbled away when
Dirtiness commenced.
There were drops nil through the list, ranging from C to nearly 16 points
with aome stocks falling 3 to B points between1 sales. The reaction camo abruptly.
Before the end of tho first fifteen minutes absorption of stocks on a huge scale
waa evident and generally one-half of tho Initial losses were recovered before the
end of tho first hour.
,Ffom lh'n on tracing was more orderly. Advances were "followed by re-
VO?. ,.?' ther" Wtts on thjfiiulet days of lost week, and during the greater
part of lh , day the mas of securities ruled S to 6 points above the low level at
and Just after the opening.
suow" "nU!!a b lhMl .th" reC0Vtry " dufc t0 Wu tanklnir
rTi .' .v. ? ? ZVn" falled to how that "WnlMd support had been
atarted h..vr , arK V0,UnlB Rt "U tlmM "nM the "P"1 movement
started whenever a decline occurred.
The trading In the first hour was the largest since 1907. more than S00 009
thHnd ffhdC!it '" flng hat Ptrl0d ttnd the 2-000-000 m"k was passed before
ne? JLXl Z T?er 'M ,CW i,0ck" wh,ch wero not mnuenced by the
general market disturbance, among them being Columbia Gas.' which rose l
point to 37M, making a nwe high record. ' ""
ntn ,L li 7 T' " .the ,at" tnu5lnB lmPrtnt Interests were divided In their
ffi. w,i inT?1 0i?l0 nd many f th0 " which W. then
made were duo to buying based on Mirlous rumors about an Administration
announcement and possible Allied naval effort. ' Aom.nistration
COTTON DROPS FAR,
THEN GETS STRONGER
German Submarine Activity
Causes Greatest Excitement
I Seen in Two Years
COTTOX I1EI.T ttXATIIKR CONDITION
NEW YORK. Oft. ft. The f.llowlnr Urn-
tvraturra were renrded la the tttm Iwlt
thlm mnrnlnst
OkUhcma. t Aitietlll and AMlrnr.
" r."V,!l. " lnii(inonii.
U. I'harlaatfl.n and Harannah, IDi
rl'
Kalaljth and WIN
inlo. .Unit Rotk,
4t.t'iuthiV, ninninanain. iaanv
AtlanlA. f'harlaabin anji H
ylrkahiirs. Naw Orleana, remarala
;ai
Inrh of prftlpliatlan at
Ian. Mini
illf, MaMla and Thamaai
and
alantsarnvrr. IS
Fill.
Ha. Marl)
t Jarkaon
Ta:
nit
nd Ualraatan. 1. Carpaa thrUll, 7S.
rhrM . .in
AahftTllla. Aoriula
if3 intn at cnat
cfi ai Maroni .It Inth at Atlanta, am
OS Ifi
l.M Ii
rnata, Meridian ani
vnaiianoAsa ana
ntbea at Utrr (Iricana.
fKnaiTtllci
:'-'"""-"!
NEW pronK, Oct 0. There was more
excitement on the Cotton Exchange this
morning than has been seen on any day
slnca the board reopened In December, 1914.
The German submarine activities caused
general liquidation with scared longs the
leaders on tbe selling side.
No demand was In evidence until prices
had been put down 29 to 49 points, when
only limited buying developed led by spot
houses. The early tone was weak.
At, the lowest points tbe two principal
spot houses and mills consuming cotton
started buying and within a few minutes
the market tons became steady January
advancing It points. March 30 points and
other months In proportion.
The wildest kind of trading ensued, the
first sale of May after the call being at
17.20, a gain of 9 points, which was fol
lowed by a transaction at 17.10, then
17.22, and finally 17.10, a range of 20 points
on four sales. "
The rally from the early low point car
rled prices back to within 17 or 19 points
ot (Saturday's closing figures. March con
tracts, for instance, advanced from lf.Sto
to 17.20c Trade interests we,re the' large
buyers, and there was a reeling 'around
the ring that contracts were going Into
stronger hands, but sentiment was nervous
and unsettled, and fluctuations during the
middle ot th 'morning were Irregular.
One of the private wires received from
Galveston said that holders of unhedged
cotton were nervous and were offering at
concessions.
T.OW Cloae
iwki 11)0
ft IJ4 BTH
ii'i , in
H HI
FI3U
X
innn i u . . . . Hlah
.IW'W Cot Oil OS..... S7
"HXS! "lo-"rich 8a ..... vr.
:X vm ""'" ner oa., Fta
!? Amr Hmelt See Sa...ll7
J"o Amer Tat rlt 4a...... luK
IKS mr T" et ' a!.. Ills
-52 Am'r Writ rap la .... xi
53000 AlrhUon sen 4a ..... DIU
.Z2L 'r."lix" cv 4a ilittu.llKI 111,
S?(mi lii f "jf-8.,1- n.',t '. "4
iswio do cy 44a uau uC
-MS? U'krin" tjt. 8 ion) lrtSs looil
tt "ic on lily Ut C...IHI mi
iZSoS c"dn.0i,Jii6."?9:"-!Solt J8S
'1-c rih.Hit'4i::l!S?J !S?e
4Xffi ft?,1. rfiS-llh !: .S?S .IPS
11.000 Che. aToht. eidU-.'SStt J;il
qo "4a ntir oiir
1FOI1
I'lno'l do conv 8a..
, S ,?A!iti
sviws; h'j ira.."
yw. t,f
US',
7(1'.
sen 4,1.. Wi'i,
'U II t Q I,
Jhl Ind W,
::hl mahii
JiXKi rh M p sn dVas.lir liis
fooocht Mil P h Ji!:. JiSlt ?si
8nSS3.-i:..': mm sir-
iinS2hC Tobaeco4.... . B2 8l
J22 K"t'n.Amer 5j M..loaS inJS
nyoo Con. Uii cv (la ia i
tSJKJ Uun,2rlnd Tat Sa...lO(iVS JwfU loo
xSBE'.n' s dorp".::::: 432 pa
4HJKiS 1 ny 4a st d.. S7't
noon nn ru. .i. r. ...i'
3S
1UI
ts'i
101
Dili
UftSi
101
looH
fSJft
izoy
s
05
PH
7t
ISA
i
a Wan tu'ii
Sat'dair'a
cioaa. Ol
October ......IS.SO 1
JJecember ,,,.)t.3M
January j; ,
Marrh .. ....) .4U
V,r is
Spot ..,....it,oo .
in Illsh. JjOvr, rinse.
T lff.ST Fb.74 'is.s
i.o 1T.I4 iakt jt.mh
ot It, 14 jakt 1
llll It'll IS.7.1 1
n.o. it.i'i Je.fiK it
T.ns 1T.S JT.n IT
7 17 17.41 17.14 It
Liverpool Cotton
MVEnrOOL. Oct. 9. There was only a
fair business done In spot cotton today at 12
points higher on the basis of 10.06(1 for mid.
upland. The sales were 12,000 bales, In
cluding 8,500 bales American. The re
ceipts Were 22,000 bale, Including 19,809
bales American. 'The market for futures
closed easy at a net decline ot i points,
NEW YORK COFFEE MARKET
NEW TOHK, Oct. 9. The coffee market
advanced 12 to 20 points at the opening
this morning on a mora active demand,
which was apparently Inspired by the sub
marine activities on this side ot the Atlantic
and .a Jump la war risks on British vessels
from South American ports to the United
State.
Commission houses were on the buying
de, and there was mora or lets covering.
Ings sold e th bulge, however, apd dur.
Ing the HrH hour the market experienced
a partial reaction, with operations prlncl
pally In the March position, galea totaled
aooui jo,vw Ui on the call.
Today.
I.TT)S.15
f
."""
IIKKI
8000 ill steel deb 414 a.
.S0OO-Indiana fitl 8a
w-iwv lowa teni rei
.Winn. JlllCm
.it.'""' l""r
J9UW1I jnier
so
e.v
.....JIM
Cent ret. 4 niC
at 4U....::: iz
It Trit 6a.,... HNH
inaimn .1. . . ,"...
,ll!SSl! JP"n new.o"8'4KsI.
llOOOO (Id new 4i ......;
,?"fis K.cHir bo.bs.v.v.::
OH
Bl
I!.
71i
H7 MT
74 J.I..-A AIIT.
S B3 OJI,
80 r.ou
7 TS
10H long
osi iS
Ol SI
Ojm IKHi IIU'4
sXs mi 041
loiv Hits lo'S
IMS list, "as
H41, B41, 84S
hit so sn
104'i 10411 111411
fa HFlU SOU
VJTfc K.1
!4 11KU
K 588
I0 NVWCalftUi.. J.lil
T'Hfl North rae prior ia .. BS Bl
a.... nan naji no',
. ref,4s ... MS bsC Bli
ct 4Via,..,lii.-i 102S 111-!
1IHKU) Manhattan Am
1 SOi Ml Minn A at I, 4l"...
11)00 Jlo Tao w I 4a......
liiiMi Nat Th a... ;'..,"
s lnooo jf ret liud fls.,,.
nKo an n 4. :!::!
oooo N rcuy 4Ua 1884...
Iiioo n r Oaa UPli,, s
JtJJJg Jf v om a w 1st 4. !n
8000 N Y Rwr rsf 4s 74
B7IMKI do adJ 8s RS
"'? N T mate 4Ha,..,...lt8ti 118
71.'
lnoon do n 3a
iihki lira nnnn I
4IOIH) l'onna aen i
AOOO Iteariln ven im fta
anon )tlo .0. West let 4e; fl
1'iHM) Rt I, I U sen CallOJ
oooo HI I,t HKInwl ... u
1SS5! '"''"ta et 3d at. 4a 78'
8000 Aa Per A w I ('
uMfis1 1, Bwn ist 4a;.:.: 78'
10000 Staboard A I, ad 8s.. e.1
.'""i? . ao. 10'
VmVJX o0S'n se ev 4. ..... hn
JI2i! 2 er."rt ' o .... i
18000 do rM 4. ......... Oil'
4I0O0 South llwy aen 4a... IS
lJK2d con 8i. ........ him'
j'Ooo Term Aan St I, ret 4a 4.
1000 Toklo 6a 7S
2000 Trl.Clty Ba.. .... " " oiilt
44000 tin Steel a f 8a .. ..lodti
"WSS JH "IS H I 6a. .W B T-11 T-tl
innft union Pae let 4a...,, 0T4 0714 07
loooo . do rM 4s. x:t:;:: ?
COOO tin nwva a t 4a.. '..' .
10O0 v Oar Chm 6a. ...... 101',
8000 ya, nwy 8a ......... nsVi
20oo V Iiw a Pni.rH! a
vnj.i waiMan sd ss. w,.
7000 Wah-I T lat ct 4a...
0000 W K it U cv Sa notes.
poC
IS'J
BU
:io!
n lin im'a
s loC KuC
S 8JV A.1S
7'I 78 C
K 011
7SW 7S
S n.t its
J 80', FHI'i
0 1m" im"
Dll.
K
1101
iXfl. iH
"til iTa
iuti
lull
7N
ion
1 IM V4H
S dim etu
L 1IIIU lAtU
BMi BBVt
BBUj Hit
ioP ioP
;
f f
rlor.
.,.....,,...,.,,. S.S4V8.H Ji.rM M.eT
"Mil .!.. I.HVt.M S.T4 D.Tn
WM.U Mlm
L (
fifflMf
m
t.AV M.ftil
it nni h ot
LIV STOCK QUOTAtlONB
9Mt!i.
1J..H s!!'
'iH'Irl fijj i Kutaisi Ii I8 tjafl
J5sr5Ht THa!
sad 'I
L
FS.7SF
Adls
t:
f p.
jK
VSW YORK BtnTKH AND.CG
f4Jjrt4lag .TaVatasae SJ UBj
Ma stsaa- atau atlrs. Maet
taker aWMH uncaUrsad.
8nt w ,t New York t
NJ5W tOKK. CM . ViM glMllaaUsl
sugar was ituaUat at f sea and 7o toaVay.
Ma last aaj Its st Cuba raws km at
FOREIGN EXCHANGE
NET? YOMC, Oct. 9. The market for
foreign exchsnge In the early dealings to
day failed to disclose any movement of
particular Interest. French exchange was
slightly heavier In tone, but sterling sold
unchanged at Saturday's final figures.
Quotations: Demand sterling 4.75 11-11,
cables 4.7C 7-16; franc cables Ml?;, phecks
Mitt : relchsmarks cables 70M, checks
76 Hi lire cables I.47U, checks .47 S
Swiss cables b.SOK, checks 5.11U ; Scan
dinavian kroner cables 21.55, checks 21,45 1
Vienna cables 12.02, checks 12; pesetas
cables 2047, checks 20.12 1 guilder cables
40 15-16, checks 40 t ruble cables 31,50,
checks 11.40.
Iong sterling was nominal, 4.71ft V4.71U
for to-day bills and 4.H W4.4514 for 90
day bills.
Around midday the dullness of the mar
ket was unrelieved and there was no change
In quotations with the exception of tier
man exchange, which lmproed a slight
fraction to 70, for cables and 70 H for
checks, Sterling was steady. Frano cables
were also unaltered at 5.114 and 5.S4U
for checks.
BANK CLEARINGS
ajk elearlau' teeer oeaMwrad
iiivuuihi wa .,vlrw
with terra-
VVMmjiV Bia,
RATM FOR MONEY
f ru r.
itiisixiitssiia 2 wti'tm 9
ltilMti J.. 4W
::::::::::: it m j
Mtw. t(f m Ax monttu
4 - ,. I.-.-.
Cwytitiasi ( U. 8. Treawy
tVAsJHIKOTOK. Oot. 9 IW oooaltlon
f the Utatted Watas Treaatirr. aaamrdlns
WtWsfW1! lavejSMf a faV swV sfnVvWV aWijnv
is) getisrai funa, I17I.5,TT; tsdat
lla.912.519: total J'-t- -
tit. It 1.194 : eVijaWt far the year, M.M4),19t,
staxliastve sat Um PasMuna Caaal aa4 sHttaUs
aMMH VtMs4MMWlM
KrTt
sMHaaaV.
to a
( ATen? York Stock Stks
, -. lt close.
AeaATea ... w
AletcaOolit M 12(
AiMtj. J oold M 7
AIHe-Chelawn Mff ... J5!f
AIHa-CbelMfeW...... 81
Ala At Cheatcal 81
Am Bwt Stf tr t,
anCu,,,, (Ml
Am Cm pf.
.,.. ...
... ,,,,,.
Hlsh.
Wi
80H
Hi
noii
ni
tr, Cloa.
67?f 67lf
11U
S4)
79
W)
Oil,
m
1I4U 114! 114
67
63U
13
flTJJ
28
2.Vf
78
05
tat
12
C6'j
271(
VI
V,M
75
100H 10rt)i mi
ojj i bit
4J 42 4J
80
on),
BO'f
Mf
iau
27'l
sn.
Am Cr AFdy... oo).
""on uu m
Am Hide A Leather.... I3f
Am Hide I, pf (vsi
Am IcePecorltlM 28
Am Unseed 24
AmUFiieedpf ,'f
Am IxKomotlre S0;
Am Loromotlre pf , inn
Am Milt Corp fii
Am Melt Cors'n rf. .... iiu
Am Jteielt A Ref Ill4 los) JO014 107H
Smejl R pf HB vnii 109!f lOOH
n rwni pi a WJJj 1X1 !M1 1)0
Am flmeit pf B 88 87 87 87
Am Hufir Reflftlnf H5 H3' ll'a'l 113
Am Bteel FotiDdries 01f 69 68 68H
Am Tel A Tel 133 132X133 132,
Am Tobacco ...., 222 221 220 2l0
Am Woolen 61'f 4M( 40J4 40'
Am Writing Ppf at 32 3j 32
Am Zinc LA Bra 4S'f 45'f 43f 45
Ami I, Bpr., 78 78 77 77
AmcoBdS Cop M u.5', 93, 88) 01
AJ'hTopASF 100)4 105)4 104). 10.-.K
'i'Jf ,T. K lm' 'M K) 100H
AJ 2 J!-; MH 81 81 83)4
du O WXpf co M MM M
"M.Wk 87 70J, 83H
"JJOh". BOX 87!t 88 87H
nalt0hlopf 70 70 70 70
lUrreltCo . iavf 160 147), 150
Ilethlthem Steel. ...... .Ctnj olj 615 642
IlrooMyn nap Tr Hi', 8 81 844
null ft Superior o.V 01 03) ol
Csl Petroleum 2v, 2JK 22 22U
Ca! Petroleum pf oo 4S 48 48
Csnsdla; Pacific 170)4 178)1 178 17SW
Centril Leather... k..... 82), 70!f 73 70f
Chandler Motor 104)4 104 101 lot
Chej&OMo 07J4 05 05'f 00
Chlcipj Great West.... 13!f 13f 13 13
CM Greet Weit pf 40 31J 37 3S),
CJI Mil .St V OUV W) 05 05)4
Chi M ft St P pf 12lf 127 120', 1204
u u u o. oi i, o4) .III, GUJ, o3'
j j . a. ov u pj iv4) n-l;i
Chi 81 I M A 0 115f 118
Chlcieo ft Alton io,'( OM
Chi 11 1 ft Tec 20)4 20'f
Col 0i ft Eire 34)4 37)4
Continent,! Can lat 100l
Chile Copper..". 21 20.'4
Cnino Copper M( 64!i
New York Bond Sales
Cluttt res ft Co.
Col Fuel ft Iron
Col A Southern
Col ft South 1st pf...
Con a RLft P 1U1.
Consolidated Oil
Corn Froducts lief...,
Corn Trod Ref pf
Crucible Steel
Crucible Steel pf
Cuba Cane Suzar . ..
Cuba Cane Suzar pr. .
Denver ft f'.lo Or ,,,
Den ft Rio Or pr
Detroit Edison ......
Distill Sec Corp'n ...
Erie
Erie 1st pf
Erie 2d pf
8I)
118
I!'"
10).
30),
100
)Jf
63
71)4
54
35
MX
US
)
10'f
33!,'
09
20f
51M
72 71)4 7H4
67)f 67 4SH
34'f 35 34
02 01 01 01
116)4 115H 115! 115J,-
130)4 13HX 137)4 138
lfi'f 16)i 15)f 15!f
00)4 OOff OO.'f 00)f
92 o8X- 83)4 85).
.122 122 121)4 121)4
Ol'f OOH 02)4
00 05',' 0534
17U 17U li.
42 37 39.'f
140'f 140'f HOJf
43 42 d.t
39 3514 38
MJ
05'4
.. 0C14
.. 19
.. 42!f
..140
V44IJ
.. 40
.. 64)4
45)4
44)4
110)4 112)4 100)4 109
Ooneral Electric 180)4 170
ucnerai Aioiors pr 12,;, 127
Goodrich II F 751 731
Uranby Consol OUX 00)4
Great Northern pf 110!f 117)4
O N cf s for oro prop.... 4'l), 42
GretnivCananea 51 60)4
Gulf States Steel 05)4 05'
Qulf States S 2d pf OS (Ut
nunois central
InspConCop MH 01)4
ini Atrlcultural 17)S 15)4
lot Agricultural pf 50 W(
IntCoo Cor v t csh... 17)f 17'f
Int Paper 30)4 30
Int Paper pf 07'.' 95)f
Int Nick t t eff 52, 60)4
IntMMcofdp 44). 40'4
jni n i pi 0 01 ap.
JcuclTea 87 80
Jewel Tea pf I10) 107
jvan jny nouinern Xl J7
Kan City South pf 01f 01
KayscrJ&C'o 08)4 Of
Kelly Sprlni Tiro 80)4 70'4
Kennecott Copper 61)f 62).
Lact Steel Co ,... 80)4 84)4
Lake Erie ft Wei t 21 20
Leo Rubber Tire 45 44
Lehigh Valley S5 ta
Long Island. 35 30
Iauls&Nash 138'4 130
Maxwell Motors 02)4 90)4
Max Motors 2d pf, A7)f 66f
Mex Petroleum lH 108
Miami Copper 38)4 37)4
Minn A fit Louis -js)4 28
Mlnnpt P&8SM.,..128 125
Missouri Pacific 5!f 5
Mol'actrcfs 6)f 4x
MoPacwl 24)j 04
Mo Pac pf v I C2H 62)4
Montana Toeer 05 . 00
Js'at Biscuit 121 123
Nat Cloak ft Suit 83 at
Nat Eoam ft S Co 28)4 27)f
Nat Lead Co 71 no
Nat Lead Co pf HOW 110
Nat Rys Mex 2d pf . . . . C 6)4
Nev Con Cop.. sin 21
New York Air nrako,... 101 157
jsenr yoric central HUJ4 109
n x n ws is.,,,
N Y O AWest....
Norfolk ft Western
Northern Pacific...
uuw stilus lias . J,
Ontario Sllrer Mln 0)4
Pacific Mall 25)4
Peon Railroad &8)4
People's Gas Chi Ill
Peoria ft Eastern 15)4
ntts Coal c of dp !Ai
Pressed Steel Car BOW
Pullman Co n
Ry Steel Springs 65)4
Ry Steel Springs pf 103
Kay Con Copper 25)4
neaaing , ..
Republic Iron ft S
63 63
41 44
17514 177
110)4 li0!4
71)4 71)4
88 88
117)4 117'4
41 41'i
60 60)4
OOJf 02
02)4 0t
107J4 100)4 106)4 100)4
00! i
15)4
40W
17)1
32
row
4S
34)4
01
15)4
40W
17W
33)4
91!,
60' 4
40)4
8.5
10
25)4
01
07
75
60W
82
20
42Ji
81
30
130
89
mi
105
30W
2S
125
5
'
24
52)4
04
Ut
82)4
26
08!$
110
6)i
20
15.1)4 150
100)4 IOS'4
00 00
27W "S
137 139)4
80
107
20)4
01
07
70)4
62
St
20
43H
83
:mi
130
oow
6ow
107
l
2
125
5
4)4
24
52'4
Ot
122
82),'
37W
b8)4
110
54
M)t
01 00)
.... 25 2S)i
....111)4 140
113W 1I2W 112)f 112)4
70i 7S 70)4
0)4 OW 6W
25 23)4 25
6S)J 67)4 5J4
111W 110 llllf
10W 10W 10)f
.15)4 33)4 35)4
04)4 60 03H
172)4 172 172)4
53)4 62 62W
101)4 101)4 101)4
24)4 24 21
...11114 100)4 105)( 107)4
8H 77 02 73)4
Republic I & 8 Df 112! linw 110 iinw
SbatArrCop 2034 28'4 27)J 23)4
Seaboard Air Lin 17)4 10W 10 10).'
Seaboard Air Line pf... 40W 49 39 30)4
Sesri Roebuck ft Co..., 214.W j12 212 212
Slo-Shef S ft I. ..,,.., o:i)5 01 654 59
Southern Pacific 101)4 100W 09)4 100'X
Southern Ry 2054 29)4 .'SW 29)4
Southern Ry pf 71 70)4 os 70
StLASFsrl 17 17 17 17
Studebakerco,., 135 133 131 1.13
Stutx Motor.., 08)4 61 03)4 03W
Tenn Copper 23W 25)4 23)( 24)4
Texasco 222 21UJ4 217 210
Texas Pacific 13)4 12)4 1J14 12)
Third Avenue,.,., 68)4 68 1 1 68 i 168
Tobacco ProducU 5flW 64W 52)4 84Jf
Under Typewr 109 108)4 108)4 108)4
Union Hag & raper...., 11)4 10W 10)4 10)4
Union Hag ft P pf 62 69 60 69
United Cigar (Stores 102 101)4 100W 100W
United Krult 102)4 159W 157 150
union i-aciiic HUJl I4SJ4 143
Union PacUlc pf 83W 83 8J
USCIPftF 23)4 U 2.1
U B ind Alcohol 120)4 122 117
UH Realty ft Imp....,, 29 30 at)
United Jty.Inr pf.... 2H4 21 21
U 8 Rubber ,. 01)4 M) 68
U S Rubber 1st pr Ill 114 114
UBSbiR&M 74 72 71
U S Steel corp'n HOW 11314 108
U S 6tel Corp'n pf..,. 120)4 HOW 110
Utah Copper. . 01)4 OJ . 01
Va-CsroChem 43)4 42)( 4-i)4
Vs Ireo Coal ft 0 40 45 43
WiwAMlt ! 15 15 11
Wabash pf A ,63)4 62 6lW
WalArtpfB ,9)4 343)4 2SW
"Wert Uiilon Tel ,.l(ll 100 00
Wt K H 64W 2W 69)4
Weitera Msrylaad.,.. 3094 3034 24
WeM Marjlaad pf 40 47W 47
WUIjfi oreriaad 45,'f 44)4 43
Wiseeaela Ceatral 60 40 40
WotlMegtoa I'tttop 34 34)f 34 W
Kr
saiM
prais,
I dlTtda-vJ UpUad a
aart fcflalna ramn.
sHata BmaUlar.
Wi a per eaoi
H8J4
8.1
2.1
120)f
30
21
68)4
114
71)
11U4
110W
02)4
42)f
42
14J4
62
20
100
fllW
30)4
47W
43
40
31W
Ra.
t do.
DIVIDENDS D 1CLARED
AmatleAa iaM. Laad and MsaaWlaa CempaBy
rerulr auariarts' ef II. W o preferrad at4c.
Njabla MavamWar 1 t steak of reeerd Outs
bar 11. ,
Hasan Qefur Oaasfaarl ttsofored M easts
a aaare,
t vmmmmammmm.
Ceothai W(k Ist MaaksMter
KAN054Mt)Taali. Mm., CM. .-4 Yarns are
arm. mwlnesa in aleths U bUg aitcke4 btr
high prloe. v
k "-: ""'nr -
4" r- a.
WHEAT TRADERS PEAR
U-BOAT ACTIVITIES
Rush to Sell HoldinRs and Prices
Decline Sharply Export De
mand Brings Recoveries
.. .JVEATHBPt CONDITION
.tNrW )"RK. ft. t. Adtleea reeelred at
'! l,f."Tr Hartt IMa aaornlna Indleated
th fallenlnc weartiir eendlllanai
TenFemiBre
......... . "
lanaaian iiartnaiT,,.
Vllddla Uf.l ,. ....
naoinwr-fr ... ..,... .
lper ,MIallnpl ysl. ..
er lhllpp sl...r
Ohls Valler . .. . r
Th ffllawlnjr prerlitllatlnn (In lathe)
1 iiarent .01 at napifl nr
I .01 at Mllea C llr and Inrn-
. itanaa t Fir. alum.
111. , .14 at Krio and
'ami ,zn ai inieoai
. .elear
prrelr.
preeln.
eiear
.elear
prrein,
preelp.
Jiir
6
B
and alenllne
tert .01 at f'anenrdla
nn mnA Hnrlncfleld.
XT niinri ..v H. ri. Bini ." in"
.It at HcTfland, and .14) at Cincinnati.
CHICAGO, Oct. J Frightened !r the
carry Ins of Germany's U-boat campaign
Into American waters, liotdcrs ot wheat
encased In a general rush to Ret rid ot
their lines today, and severe losses re
sulted As had bccM expected, prices
stsrted sharply lower. The sellers In
cluded conservative traders who decided
that It was better to wait until the situation
had cleared.
Short nelllnir was Indulged In on no
mall scale. At the decline there was an
excellent demand for a time, export con
cerns taking hold freely and a rood re
covery was effected.
Later 'tho scillnc movement broke out
afresh, sttmiflated by notices of tho can
cellation of sailings of vessels liy nome
transatlantic lines. Tha trade was In the
state of bewilderment, fearing complica
tions In regard to tho fulfillment of old con
tracts made with Interest, abroad. Ship
pers, however, pretended to be optimistic.
Coerlng caused the market to finish
nbotn the lowest. Exporters were In tho
market nnd sales were fairly liberal, de
spite a sharp advance In wnr rink Insur
ance Tho market nt Liverpool was strong on
free covering by shorts, the general activ
ity of German underwater craft nnd dearer
export c fieri", ns well in unfavorable re
ports from Argentina. No rain wan re
ported In that country and trustworthy
advices said that moisture was absolutely
essential within a few daya to save tho
crop in the north nnd central zones.
tadlnc futures ranged a. follow, 1
Hlsh.
Wheat-
r.
Opo.
J.nn
1 .Ml
Jul . .n'
Corn (new de
Pec . 71Jk
Oata
Dec ... 4J4
May ,. SIS
Lard
Ol ,. isnn
Der 14 10
Jan. . 13.40
Ullba
Oct.... 14 (in
Jon ,. 1S.10
Pork
Vt.,,, 2s no
Dee . , as 7"
Jan.... i"l 13
Ilid. tAsked,
" 1
l.ntji
1 aiU
uvcrr
4B
r.t'4
n.nn
14. is
13.17
13 I'S
i :.:.
2 n-,
LM JIF
.Hi
...ITS
RatMat-a
Clftll, rinse,
;i
1.31
??! fiJ:
4R
Al
H M
11117
l.i.nj
n7
l.'.a.'
27 00
21 211
23. 1 U
tt.r.j'i t).iw'5i
'A'A
t Nominal.
tKi.
tail.
mi
t!3.3J
113.1.7
712.33
t27.RO
21 R7
123. U
4"'
tr.j'k
I J 02
14 2.".
13 0.1
,14.10
til! r.
12S.ll!
21 mi
123 50
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
t
WHEAT ttecelpla. ISfi.MO bush. On,lns
wern mixlerate and the market rul'd ateadr
with a, rjlr export Uemnnd. Quolalloni: Car
lota. In export eleator No 2 red. spot. II 3(1
1 Ml! No. sasulharn red II SIWl.Mi hteamir
No. 2 red, ll..ljll.r..! No. 3 red. SI. 3211. Ml
rejected A. II. 4NW1 r.li rejectnj U, I1.440I 47.
COIIN The market waa iiulet and without
Important chan.e. Uuotmlona: Car lota for local
iriiur. hi in loiaiion e,tern i0. iel ou
do.
do. No. a yellow. 05'
.
l!H'40Ul,ci
u
ateamer ellow,
',4 WHO', i
)ATH necelpta, 11,02(1 linali. The market
H7F ft llMUtl
do. No. 4 jellow,
....... imiiin., .,u. nnnn. i,,o mirK-l
ruled ateady under moderala nrrrtniB. htit trmAm
was quiet. Quotations! No. white. r,lCrr,4Hci
alandard while. MJktrllc. No. 3 white, 02m
J''JI No. 4 white. OlODl'c. aample oata. 48 U
KljOUft Ilecelpta. 11(11 1,1,1,. and I.239..1ID
,.vJl?,.'f.k" Trda waa quiet and prlcca iter,
without Important chanse. Ouotallona, ir I ml
I'S" . In jrotwl Wlnta-r. clear. In. 7Si du.. airal.hi,
I747.r,0. do. Mlcnt. 17 .iflfju. Kansss. clear
i2t,'i?.n Vi'Sr.-a.Vj?5.1-40- 'I"- straight, iiitton
!lfa,I,K0Ohi,S- J?a r.ltent. cotton aacka.
SWnl,i,",,B?1Pl'-"''-,'o. favorite hranda, IBM
h.JJi city mil a. chnkv ami fancy patent. I'i
u 2S: do. resular rradea winter, clear. Id 7.1
T,i?vi-triaJfl!!l ,JOYM' ioA Pl'm. I7.8iin.
. J'VI- HfO.VH raa In ama I aunn y and nrni.
S?ln?.Wl- w quol at W07.SS per Al. si
It (JUtlealJ'.
PROVISIONS
n,? R,r.k,.,. ru,c,'.,flrm w."h fair lolhlnu de.
nnid.iSu1'.f,lor",.t"y. '.' ,n "" smoker nnd
ftn?".'- "J--,te,rn beef. Insets, smoked. 30c.
J":yi ? W.'C"'. '. knurklea mid teFideri".
amokad and alr-drled. Ic. beet hams. I2SO
3(1; pork, family. I23W2U.C0, hams. s. l"
SiSfriii00' -'OWaoiie.dn. aklnne.1. o0,e:
:t(T21sc; do, do, amoked. 520221ic! other
I'r'.'M'iK?.1!'1, cl,lr cur"i to brand and aer.
m!e:'CJJln, smoked, neatem cured. 2lHc:
?n;.S' " b0,n',1". ,8-ci picnic ahouldera. a. 1.
Vvi1' loo. 13'ic, do, smoked. 14fcc bellies, in
Pickle, accordlns to aerase, looaa 17!,e: break,
ust nacon, aa ta brand and a-erase. city cured
l."4ci breakfast hacon. wcatern cured; 2jWc:
ffH- ;'n. leflned. tea . 10ic: do. An An'.
nu"t'c..tVsV.',,,r.up""-t';i V"?. "'":
cure city, kettle rendered.'
Id tub., 10ic.
POULTRV
I-lVn The market ruled firm im.t.V
... ,k. .......... I.. ..:.T"'.
?.,nl.'",.l? '"'J. PProaihln Hebrew holldava.
ir.,"iaKV.fyow " "J" au'"y. "tf to roo.":
ii ' izntVPSiP ,ctlWJ""'' "ccordlns to quslf.
if' ilSl'A" iMl" lxhorna according lo IUall
yt'ia1?.17'1 du,'.l". o she and quality, is
DtrVJ-'vPo-"'1' ptr ,""r, 3'Sei doiiiuti.
ll.hi lil:fr,"c'1et" of ,d'.lrabl. atock
i5Ae n'1. '.'! ro"rk'' .rMl'd Arm, with
.-.,.
were
trade
" - " eaa. a ii-ii-iiiiiru. urv-iiarvnn Tifiu a
iTelihin. JViFi'!'leiV tllMy. ealected. 24o. do!
we sh ns ,4Jiwft lOs. autre, 2tlc. do
welhlnr 4 a. snlece. Moi di weeing Stt'
.'3'.,..?,,, ."I1 $t weUhlnir a hf. .7eea
20U!lc! fowls. In l.bls.. Ics-patked. fancy dii'.
i?s '.Wit"- .i0.' Bouthe.- Indiana and
y ."-,aa . wo ioa. atiee. ii
smaller ali-pa iDClfi.. -ia
f.-. ....uii, cnicaena, western, well
bs. and o.r, Ctr pair. 5t2Soi broiiln'
.!
m. western wlahtnir n
ci cwren..welirhln fi
r 'irt sin iairi ...
sr. finrv. mmi, yZ.trLZZ
a-&O.Sttv-9tff,KK
prim
rooatera. drv.ftlnl..'
."tern, wciuhlna 1
ailing chick.
IP h.T. IAm
lbs. per palrT 20
01 proiiera. Jer-
oinar. nearby
., it
, 2l,U22a
"fttS1
a.U Ui'lc aintlailltl IUIP iIa..!. .a.!4. ... .?'
iS5 'ISIS '?!! ' dyn- tS-J"1"! do. welsh
L.1.lS?.'lJ i!b- p,r. d0"1- 'l4.Fi35.60t do,
weis'ilnir lb., oar dosan. 1494 S3; do welahl
aafnL1- P",yloen. IJ 8nwsT75no. welsh".
jR?iX. ,b- ser doaan. 12.7502 BOl dark. I j SJ
OS.00: email and No. 7. OOcJBIJ.SS. '""
REFINED SUGARS
,..Th? market was autet, but steady, nsllnera'
!i;i,,?.r,2',VA.E.S!.rtn" sranulated i.viUU.
powdered, 7 0307,10c; confectioners' A. 6fc5f
O.tKig; aott .radta. 4J.20ea.S8c. ' ""''
DAIRY PRODUCTS'
.a:dnvlcefSV.V.w,.'UrU.?'r.e5
SUl, CI extra llrata. 84 t3Si Tritl sail X ""Ijf.
MJMHci Jobbing .ale, orf.ucya0p,fnn,,;:S
KatJS Fine new-laid e.xa were In booh -.
SS'l". ftrm ,u,"!r 1Ul nlterlna.? "Kdlow!
L"f r,.hs Quotations; In frea raais. nearby
ap ns nn-M naarhu 4n. a ..
---. . -- -. ataaia. Ill.JU
?U,1
ta.,
standard easel neartiy current receipts., a 10 80
per caaa; Mulern extra,. SVo per doxTi weitirn
!n'S i'"' .Pfr casei aoTtlrs" 'Yo oSJ
10.80 par caati rafrlaeratop ? -...I V.V. J7.
per caaai ao. nrata. XD.lAau.JKf riA
iojxi:'!M:Ab.ssA'
.sajtae;wj-.i!,
. ;?"-,! - "isiii..i afuuiBiionBi r
..V,,.uiL.Wfft-.flM?r. 8.?ei do "do;
--.. wvw, evn tj.iKi jut yri. !
,HIiB.Tiiaa niBPlVsat all1at M ..J- ala.
ntlerlnsa and a fair demand... Quoiatlonai New
ima, lid IDC.
FRESH FRUITS
Applee and quince, were mora freely offered,
and eaalee. with riomahrf nnl. mn..... ..TL.r
Jrulla of Jna quality were sanerally In fair
domand and Orm 6uotatlon, Apple wr 111.
Jonathan. 1 4 II 4 Ml ; II uah. I3W4, (iVlmJV'a
Ooldsn. I2.733 outHrtokshouaa. 12 7S"o"
2wfnV::ou.n l-'.ro.B0i Alexander I2i60W
2"M?,' "" ""?. ieM.Mi air lo ood. H.oo
hamper Fancy. EiOtflSc; fair lo aood. 23i4tio
.1; do. per bush i 80l TSt lemons Mr box.'
1304; arapalrult, Klorlda. per era ta. IS OOtssi
cranberrlce. Cape Cod. iw bit., I5i) 60; do.
dO Mr Lrala. i-S'Jim An JeravjT. ...,!'
a ... .7.v.L:r-.T.-r"- --'. 'T-. v,r.
., uvavnea, niw iwi, per Daj,kt 40ay
oo, pe
Un
2,Sl Jh
ork. ie
.U. Bllll ' .
'"L xn.
lestTlei
pet-.aj-.ib.
Niamey
r Dusn jims.h; si.iwBS! Msrs.
Vfl- 'J Uaaaf tEaaajmatal Vain aaV.-f.'
Jlartletf. mi U ' 1104., .rauais Tfaw tSe
n0iHrwy i
l 6rn Oast, mc"'
VEGETABLES
fi Arm snd blshsr wider
rd.'.rrt3l5-.:K!,
see
Kftiaas.
i rruave.
Potatoaa ruled firm a
waaaata was
scarcity.
.ba4a
ed fntia
fi:S-WiKwWSt
Oetewan aa4 MarvUnd. wmr hanuier. T&aTlwv.;
l.lt to. am
daFnutts. par
mtrntl
i. Jaraay. Bar Waaktt No. 1, 44M
M. tf(pap"tWkJ
Sales in Phlladelphim
Itl.h, !"
totlvAllls Chal 4H xS
18 Am Oo . lit Its
tl Am fly pf 7',4 !
t Anaconda H t4
10 II ft O..., S1H "1U
It Ches A Oh '. Vt
11 Cam Iron.. 4S 4
It Cam Steel, te
BO Crucible St 17 14 MH
1411 ElecStge.. y IU
g0 Krle y. !(
100 Int Nickel. i 4IS
t Ins Co N A 114 27H
leo Ky Kea ... UH tlti
20 Kenne Cop IU AIU
3093 l.k Sup Crp 1174 11,4
II Ih Nov.. 17 77
jo ih Val ., a I
S3 I, V Tr Pf 4tH 4IJ4
Mlnehlll .. tl tl
XII Tenna It It lU 11U
loo I'hlla Co.. 4tH l
10 do cum pf 4IH 41V4
tit Phil Hire 1H ItM
2110 PUT tr cfs l IM
a riilla Trao 7S)4 7SV4
10 Itsy Cons. ! JV
80 itcp I ft Sll 13 ,1
lstt Heading ..103(4 101
llo Ho Ilwy .. xl4 10 U
S17 Ton net... 4
2s Ton Mln . a n
Sit Union True 41 41
so Un Q Imp. so
10110 U 8 Steel. 11tt4 11
Net
Cloe. che.
4H
lie t
14
T4
7H 14
V4 W
4t
0 -1
1H -H
4
V Hi
4H IS
1!4 'A
tl 1
tlV, -e-S
1 ..
17 .
as 14
41V4
7
Bli It
41H 74
41H Mf
V'a V.
10 '.4
1014
J4V4 14
IS S14
inia. 1!4
SOW
414
1 13-IS l-l
41
SO .....
111; 44
10 do prrf.llsU 11H 11J4 ty
S W J AH. oOVi 00 Vi ouyi
SOO Cramp A 8 to
BO York Ilwy. II);
so
lii
so
it;
1
U
tltlNIII Nl
High. l)ir. Close. che.
SS300 A U&i:i Ss 0; Bai V4
11300 KISPTr ts S0J4 SOW mW .W
1000 llqlllU SslOlW !"') 10JH
10000 ra Co gen
4H 1014 1014 1014
8000 do cons
i'.in .. .103; 103 1034
llooo Thil I.'lo 4s,S3W ts si w
loon Head gn 4s 9 9 W
sooo Schuyl It K
8 in .. V(, OK'4 00?4
7000 V It Inv Ss 1IW 7IW 11W V.
Local Bid and Asked.
nun A Vatq t c MIS
tin pref Allli
unit j u
iiamwin
Today
Mid Asked.
Hlea Htora.e ,
(len Asphalt
do pref ,.
Kepalona Telephone.,
du t c
do pref
!,ake Hun Corp
I.eh!.h Nav ,...
lh!h Valley.......
Ihleh Valley Tr....
do pref
IVnnayManla .......
run i:iec
l-hlln Co
do 5 rcr tent pfd. .
do 11 per cent pfd..
P It T . "
Iteadlnir ,,
Ion lielmont
Tun Mtnlnic .,
rnlon Trao
V H MleeJ ....
Vork Ilwy ,,.
do pref , . . .
lm Cramp t
ST
HI
Mi
aft
fit,
".'.'
13
13
IH "a
12
77
h3
2II'.
tJ'
371.
2S'4
41
at
41",
III
Iiim
!?.. :
4.1!, 44
hhT4, I'll',
. .MO
. ij
. 11
:Vk
: Si.
; Oif.
..411
. .1.1
. 41
1N
,1111
um
.17 a
K7J
;'.!
I
3S-
Sit
2H5
33
1iH
"lit
45s
iw
Ralunlay
AKU.
T.nr.AT, MARKET tlOLDS WELL
IN FACE-OF NEW YORK WEAKN
Arbitrage Issue? Are Greatest Losers in Day's Tradlii
PiisMarininrii-a Electric Is Strong on Talk That New
Stock's Dividend Wil.lBe Larger
1 It was to bs expected that the sloe
market In this city today would be in
fluenced by the weakness In Wall , ret,
which waa brought alyiut by the Ojrman
submsrlne activities off " New tmtln
coast yesterday. The way the rhlUMpW
marketTstood up In face of the sharp de
clfnes In Wall street, howeter. was en-
The'only really sharp losses were regis
tered by tho arbitrage stock, or those listed
on both exchsnsM- This wss Principally
true In United Htates Hteel common. This
stock wss the moit actle during the whole
session, nnd at one time showed a loss of
more then points, as compares with the
closing prlco of Saturday, with a turn
over of more than MOO hare.
The weakness In Steel was conveyed te
Lehigh Valley and Heading, two Wher
stocks which are known ss New Yorkers,
although they are listed on the local I Stock
Kxchange The trading In these stocks was
'not ss heny ss'ln Steel, hoeer. Le
high Vslley. t the low, was orf rjearly
2 I)olnt nnd Reading declined more then
3 points. ,
Philadelphia Electrics action was pleas
ing. This stock succeeded In staying above
the final of Saturday throughout the whole
eesilon. Kor the larger part of the morn
ing It was 4 higher, and In tho afternoon
this was stretched to U. and this was all
accomplished on less than 100 shares,
Perhaps the strength In the stock was
due to reports In the Street that the stock of
tho new company will be put on an In-
tnd basts shortly after t .
8treet heard thai nJ "
would probably receive drridenda of r3q
cent. This would compare with T JM
creased
Issued
dividend
The)
received on the" present stock.
on this point came out ot the
office.
see au
! .3,
coiwasay,-
The Street had been wondering ever raua
tbe refinancing plsn of the cornn,.. .
out on July !1 what would happen ttTS'
nl.l mint-it. A alnrv whleh h..
the rounds of the Street has found
believers. This has been to the effect
the new stock win nave a par valna
and will be exchanged one share of tha -
This would not be done, however tliv
story goes, until the old stock Is fun JS i
There Is still J2.80 to be paid In. th kw
l" wiw " i anm mat an 4)sj
aiviuenu wiu im ucciarea nna an a tsresnuTl
called lo mke up the difference. TfcaZStl
tiany has had nothing to ssv on it.i. .v2T1
As far as activity was concerned Laa75
Superior was the most active ''of tha 31
1...... ii.u ,v..h i,aa .. ? "WaTJ
insula. ,i,in ,i,Aii i.vv anareS Of tSM
Inrlr w.r ISoliaht and mnlA ii.u...l. .IJ!
day. The activity was at, the exnen.
111c yti-t wi 111.11 ucviiiicu OCIOW XZ,
stock li been weak ever slnca tha 1
meeting In Camden, when tho auggi
was maua,tnat mere was a possibility
ii.yih.iiii.uiii, .. iS, IDB8t Ot
nome enarrs Trrre itihiio in UAmbpla
nna cramp Whipbuildinc, both ot .:
went; 011 a poinu
CURB TRADERS SELL
AND LOSSES RESULT
Havoc Wrought on Atlantic
Const by Undersea War Craft
Has Demoralizing Effect
...ima in", un',
... ht 14, is
... 37ti at :i7.
37",
tH
7ll
SI
15.
IS
t)V(
77?
ait
43
r.i'i
42
314
4?.5
Kll",
lj;S
SH
Ml
LOCAL MINING STOCKS
TO.NOPAII STOCKS
Jim ll-Jlltr ,
AlaiNamara
Midway ,
Mltpati Kxtenalon
Montana
Narth Ktitr
Tonupah lielmont
Tonopah Extension
Tonopah Mlnlns
Kearue KuIh
West Knil ., '..,.....,
OULDFIKI.U STOCKS
Atlanta ..,. ,
Illue Hull
Ilooth
(' D
llulldo.
Combination Fraction ..,
I)limondn?lil i 11
Haley , ,
Florence
(lotiinelil Consolidated
(loldnetd Merser .....
Jumbo Kxtenalon
Kvwunaa .,
ro ...
Hand Ken
Oliver I'lek
,MISCE!.LANi;OL'3
Nevada Hill
Nevada Wonder ...!
Tccopa Mlnlnic
Hid,
.mi
.ill
.2.1
.IN
.--
.10
41,
r
.in
.(FJ
.1'-'
.(Ft
."I
.11
.
,FF
.411
.HI
.07
.41
.HI
.III
.11.
.10
.10
.10
Asked
.111
2(1
.-'IF
,1a"
2
.77
.11
.(i.t
.it
.114
IIJ
117
.11(1
.(17
.4
.04
.(FN
4
17
.0
.(HI
SU
5t
3 .111
.11
BIG JUMP IN LOCAL LOANS
Total for the Week Is $4,019,000 More
Than Last Peposits Increase
The outstanding features of the Phila
delphia bank etatement for lust week were
Increases in loans and Individual dcDoslts.
The former totaled 14.019,000 more than
the previous week, nnd tho latter gained
18,370,000. The surplus also Increased
15,893.000 to 138,405,000.
Details follow:
7.oana . ,...,.,,
liepta. (Ind) .....
ciriulallon
Hue from banka .
IFep, of banka
V.x 1 lea ring houae
lleaeno held
Iteaeri. required .
Durpiua
. ... Increase
i."m ip, 111111 prey.
I.12FI.H1N (Mil)
. 4llil.ll.".!, mill
, 11, 17H.IHKF
, Rl .2711.1(1111
. 1K.1. UH.IMIII
. 21.0'.'.IHHI
, llll 4 .'. 1 . 1 1 H I
. SIF.1IU1.IKHI
3fl,4(l.,OIHI
week.
4.mil.lMI
8,37 II IFOII
Hl.tHIII
2,I!1H,(IIII
7,nnl,lHiil
liitti.inHi
7,.72.(kF
l.S7:l.llllil
s mio.oou
Surplus Orlnher 11, 11115. was ln2.7(l((.(M(,
October 13, 1013. IH.310 FMKI, (Irtnber 7. 11112.
IT nil i fWn rve -i.. if 4i ta aia ,ha
fl.'"H,lfl'l, lAtVlrTI V, aW4t tl 011 (aiU,
.Decrease,
Financial Briefs
Owing; to the activity In today's stock
market In New York, no bonds were quoted
on the ticker until after 11 o'clock, but all
quotations of early transactions were sent
out later In the day,
I At a meeting of the directors of the
Franklin National Bank today Thomas De
Witt Cuyler, president of the Commercial
Trust Company; George H. Krasler, of
llrown Ilrothers & Co., and Kdward It,
.Smith, of Edward II. Smith Is. Co., re
signed. Today Is Thanksgiving Day In the Do.
minion of Canada and stock exchanges and
banks and other public Institutions are
closed for tho holiday.
August gross earnings of the Common
wealth I'oner, Railway and Light Company
were l, 358,867, an Increase of 1174,019
over August, 1015. Net increased 0,8S9
to 1535,780.
I'BtirosAm
IIEI'AKTMENT 01" CITV TRANSIT
) 164 liourae llulldlns
l'hlladalbhla. Uelobee a laia
proposals, properly Indorsed and ad.
.'" Pole, above
a portion of the alallon underbuy Hall and the
eiaratv. nun, Huun.n m.. w.ira
flCfiltHl
drtataod to ih uiulcralffniMt at
Anllnna,l aulll lu. auiatuail until 4 r.S.t. t. W
on TI'UMdar. Nofnber t. 1910, and optotd
tnl.t.iu lhaeaallaa ea .., .11 ""J""
tctlori ot the liroaq Htrrt Subway comprUtng
uruniBt
Htri-et
thereto, known
embracing lour
aubwaW
will ba about SOU 1
lour iri
aa Cdntract lOJ.
itei ion, and 101
sn-lta
forma, and will Include tha undrplmilni
wilt aid of City
Dirpei ouuwar.
'J
Till
blank.
Ti
Wltb two-sl
ha und.rnlnn
Hail and also tbe
hla aectl6n.i
t wlda.)
alloo platV
ilnss ortha
Warsst
na and apeclflcatlons can ha aeen stoom
Hours Uulldlns. and coplea ot asms with
r forma fur Dronoaala Willi hm ann..,!. .J
intandlns klddcrs upon epoa t of 150 (cash J?
cart Jed check! per art, pendlns return. H "r
(llddera muat U skilled and refularly nisred
Wlddera muat La skilled and refulai
In (tita class of weVk,
No bid will h considered unless a
rcoawaitled
oy criirit.o irum ua wiiy DOllcllor tut' a
Sropoaal bond In ly sum.of flva fcundrsd (kuaTi
olfara has been fflef Tn acoordanca wuh K
prnvlalona of n orenasee approvad Way M.
Tha Director reserves to hlmaalt tba ,taht to
THK t'KNMUXVANIA KAMJtBAD CUMPANV
Wufk strt4aat & Mouth ftftilaliw Tril
juevaiivsA.
"AiT1
m
?iEHr
lalXl 111
W-xWTlACT IO.
ur rAvinu. umiiiv
m mmrmk
rIIUAIKL,PIIIA4 . TA.
rUaa. saclacatioa
Alaum aur ba naciasS
Ktalton-r. Itoeat MT
SF
aMlUaak. feea
Bfi.4 attrieT
m
ffiat
w,jjd
r. b. tkmpijc.
" - a - a-K. al a
vncai ai.ima.iar,
WfeSiSw.
NEW YOItK. Oct. . It was natural that
trading on tho Curb should reflect the vio
lent disturbance prevailing on the nens of
tho German undersea activities which have
brought this Held ot conflict to American
shores. Buying orders were hurriedly cAn
ecled before tho beginning of business on
the Broad StrceUCurb this morning and
nearly all tho brokers were deluged with
selling orders, for which there was little
nearby demand.
Under this pressure prices of nc.ijly all
tho Important issues dropiicd from 2 to
more than 10 points, wJth the severest de
clines recorded In the motor stocks, Chov--rolc(
selling down to 185 nnd Ucner.il Mo
tors falling to 145.
There was a wide opening In Mldvale
.Steel with tho flrst sales at 67 U to C6. fol
lowed by a sharp rally to C8. Zlnz Concen
trating, which had been In demand for
nome time above 5, dropped to 3. There
was urgent selling of tho Independent oil
xtocks, with Oklahoma Producing falling
to 8?i and Metropolitan Petroleum selling
down to I4?i. '
Submarine yielded with the rest, drop
ping 4 points to 38, but quickly recovered
this loss on attention being attracted to the
fact that the output of this company should
be more In demand now than It was before
the developments ot yesterday.
United Alloy Steel, a new stock on the
Curb, sold at GO and 49.
Some of the mining stocks held llrm, while
other Issues were weak. Dundee Arizona,
In which thcrS" ere heavy transactions
jdurlng last week, sold nt 2i and 2, nnd
St. Joseph Lead moved up from 18 to 18j,
Magma declined at 10 li nnd United Verde
Extension yielded Y. to 38 ij.
IXDUSTMALS
Aetna Kxploalves .,
Am Marrunl
Canadian Car Co .,,,
:ti Car ft Tdy pret ..
I hevrolet Motora
Curtlia Aeroplane
Kmereon Phonograph
Ilaakell A Ilarker Car
llendee Alts' ,
Kathodlon Ilronza pref .
JUilm Munition,
Manhattan Trans
.Mldvale Hteel
one i:iev tor ::: :
reerleas Motora ,.,,.'.
l'oole Una-
M H Krone w I ..,...";!;j!"
Mnndard Motors
Htrcmberc Motors
Hulimsrlne
.WH J.'rnt Sharing ...A..,..
l'nlted Motors
u h i. it it com....i: ....::
do pref , '
White Motors ... ....'I'. '
worM Kiim ......I:.;;;;;..;.;
8TA.NUAIID Oil.
Illinois
l'ralrle Pine .. ......... '..
Htandanl till of California ,,i .,,
Htandard (ill nf New Jersey II .
.,, u vii ill .ow lOTK
Hid. Asked.
Ooeden Oil
CoaJen ln
Inter Petrol .
Houston Oil .
Midwest lief
apul;a lift
Atlanta
OTHKP. Oil. STOCKS
. in
::
.. hi
" :T.''4
'.'. 13."'
:: M
.. nn,
.. 117
,. 2.1
l(F(F
.. 12
.. SI1!
.. -Ill'i
.. 02
:: 31
;: ri''
,.mo
.303
, ,2S.t
, .aiiF
,..172
.230
MIMXa STOCKS
i!s!:N"''.'!:lff?f;v:
Cerra da paaco llll,
Klrat National .,...,....,
noldlleld Mercer .,,.!!!!
Itecla Mlnlne
Howe tlnuiid ..,.,.
Jim Puller j....
Jumbo Kx ..........
MrKli.ley Darrah ..'";;(
llniu Copper ..,...,'
i!!nr,.Co "' America
X Diss na
Kan Toy
HI Joaeph Iad ,,
West nnd Con ...
White Oaka ....,,
Term lis ,,
Mldvala lis .. ,.
Itusslan Vim . ...
City of Paris 0s...
HON US
I
;;:;
.y
..... 4
12
I Mi
li'Ur
is
07
tlU
'0
7'S
1V4
3S
4
h
mi
39
mi
IN
1H
.117
. ON
.UMllA
. 081,
lU'i
4:r
7.1
111.",
311
411 1,
311
i
H
4il
C.'i.
.
in7
itii-.
27
:n-.
r.7.
232
IS",
J?5
in
C8
OH
in
0
s-l
l"l
41
18
-'4
8
SlF
IS',
78
s
118
liil,
HUH
Philippine
Government
4 Gold Bonds
Exempt from all Government.
State, and Municipal Taxes
,n . yniLd States and
Philippine Islands
Acceptable at'par by the United
States Treaiury Dcpaxtment ai
security for public depositsT by the
Pottmaster Oeneral as security for
poital savings deposlti and by the
Philippine Government for deposits
of Government fundi
... lesalltj apprered br the
Attorae.-Oenusl at tba Ualted Statea.
Price on Application
Stnd for Dtscriptivt Circular
PE'59
The National City
Company
l,r,t""J;,.?i- MriLMAU
, rittskursb
Uealeo
mm us i fiel ot.
Vlrst Martiase Waking ru4 a
May, !,,
PRICC T0 YIELP 0VEPt
MELLCMI & KTKY
, c nsas, Mask Ha...
M VMUmWH. -mwv kUHOHr-l
LITTLE CHANGE IN STEEL
TONNAGE IS EXPEcf1
1 'ii
Statement nt Noon Tomorrow Miy
anew lw.uoo.Ton Gain
NBW YOItK, Oct. 9.An average ot ti,
estimates being made In circles mililne . ''
close study of affairs ot the United State, 3
ment ot the orders on hand at the close M '
September, which will be made public M'j
noon lomorrow, win snow only a COTBOar
atlvely small, chango from the total on tsel
books on August 31. with the chances fl.;
vorlng an increase ot less than 100,000 toss. '1
While there nro nomo Interests who IJ
for a larger gain. It is pointed out in i
cles which hae been close In previous ettf.il
innico iiinh iiic iicuiiiiAiiuii ul voniracts oee,j
tn ins micu-up conuuions o: tne books sM
the Impossibility of giving the- dellreref J
requested by prospective buyers, will krest
me increase in new uusincss in cncCK.
SUBMARINE ACTIVITIES
MAKE STOCKS DECLINg
Continued from I'ase One
known on the hoard ns the war stocks, m1
communicated to the railroad and oter j
snares.
It took the big Interests In Wall street J
a little time to get on their feet, so suUe
was the fall In prices, but when they ret!
their bearings supporting orders were jsm
out and stocks recovered from the loavHasyl
not tneso supporting orders Deen put
no one In Wall street knows where $tl
mantel trouio. nato gone ima' morning.
The market, taking it all In all. VHi
due for u reaction. This had been platen"
seen by close observers In the lstt t 3
or three weeks. It stands to reason that .
nothing can, keep going up without a rti.4
action coming, and this, in trio opinion M5
many, was long ovcruue.
There was a wild scramble to sell lnl-S
national Mercantile 'Marine issues as eooo'j
ns the gong for the opening sounded. T
preferred dropped 16 points, while the" com
pany's common declined 10 points. Tiered
was also a loss of IG points In.RepubUe?
Iron and Steel. .1
The most active stock In the market aisi
United States Steel common. There wss a i
unnrmoim erawd In that atock. with 30.0441
shares selling at the opening at prices 3.
points apart In different parts ot the roosi. i
The opening sales were recorded ns rsnrlia
from 112 to 109, against 116H at the cIonI
on Haturday.
Baldwin Locomotha dropped 9i, 8tudt-,'
baker 3. Mexican I'etrolcum 6 and tcr
number ot stocks showed losses of around
3 points.
Trading mcas on the largest scale since fl
ivui. ino total saies locine nrst nov '
were 915,100 shares. This Is at tha rattef
more than 4,500,000 shares for a full flu- J
hour session. Business In stocks vat x
large that ho bond quotations cams oier j
me taps during the tlrst hour, sberttf ,
after noon the sales totaled 1,173,000 shire.
Sugar Futures Are Steady
NKW" YOItK, Oct. D. The market fer
sugar futures opened steady, with priest
ranging from 2 points lower to 1 oolstl
h gher. It seemed to be the general belief
that the submarine situation was more of a
bullish factor than otherwise, as it tU
thought improbable that Imports from Cutai
would be very much Interfered with, whiei
i'iiurio to r.urope rqignt oe interruptais
ine market for raw sugar was unchanged, j
unu tne trade at large was Inclined to i
sume a waiting position. Snot Cuba.ravijl
on the Sugar Kxchange this morning jreesj
IftUUlCU H O.VaC, ,
BAR SILVER
Commercial bar slher was quoted In Nf
York today at CItfc. off lHc
In London bar silver was quottdai
32'. id. oft Hd
R.AV
A PUBLIC SERVICE-
im laaaaaaaaaaaaaaajaaaaaaaSS
SECURITIES (
Public Servieo Securities are
linked with 'tho tucecsi of
municipalities
As the standard" of living: IntheUati
-; , iiigner.-wnicn it ncoBiits
uiuK, ine aemand tor the nee,
and conveniencci supplied by Pa
Service Lomnlni.i e(.M.f.BlliriaeMJ
lull li fundamental! L rrminwi
tliejr iteady irowtli and itr8itb
their securities.
Ve have at all h',.. 1,1 A, jr.Ar Pu
Service Securities yieldinrf from $?i m
6 v 4
Send for specitl lijt ihowinf prtieH'?
afty aiiracttve ottering.
peken Aylit &'ibing
Land Title yjttvUddafciig
HE
I th A
It
IkckiCo.
TNUT T
wruv&'i&r
BANK")
ROKBM
CHKITNUT T4t. N. K. CM.
iMra M
Dirt,
WatUTEB
PhHa. Sub. l.lLhltM
REED A. UfainiM A CO.
&&WiZH?W2i'S2i&t.
tK?S&3LSLJiTAl
iWLl&Ju-
Whm(!SL&