IJ
JBVElTOfa, IJBDOBR-PHILAPBLHIA, WEDKBDAY, OCTOBtBR 11, liW
- . . . , 1.
urn i. immiiiwij
FINANCIAL NEWS
MARKET IS SUBJECT TO PRESSURE
THROUGHOUT DAY'S STOCK DEALINGS
ii. i.;. . it . . i r i
violent Declines Occur in Lite Trading Important In
Ureats Are Absent From Long Side Many
ftumors to Account for Weakness
o
liih Peinta tn Todarft Financial News
Slook 'market turned tvek in aUrnoen. It wo strong tarty in day.
Wheat mm weak at CMeagb. Cotton price went into new ground for teaton.
-foretitn ffAMe btteine moderate. Bin steel rail order placed for 1018,
frit of tcir predkete pteted to he advanced. Ba- lilver higKir. National
reptrtle tubikHarie September earning good.
NEW YOnK, Oct. 11.
The stock market all through the day was subject to frequent pressure, and
Although Rt time advances were made, with some specialties displaying pro
nounced strength, the demand was quickly supplied and In the late trading; violent
decline occurred throughout the list There wa continued absence of Important
Interests from the long Jdo of the market, making the situation one In which
speculative line were easily disturbed and liquidation again forced In many
tMuesv
"Various rumors were In circulation to account for the development of weak
ness shortly after midday, when such stocks n United States Htecl common,
Heading and Lehigh Valley yielded moro than 2 points within a ahort period.
One of these stories was that banks had exercised their power to force reductions
ot speculative holdings by some large houses. These stories, however, have been
used with effect frequently In the lost few weeks and found few believers In
Important circles.
' Tho larger Interests, Including those who often determine prlco movements.
Were not disposed to enter the market as buyers until the submarine mennco
toward commerce Is removed In soma way. Most of the buying which has been
noted In tho market since Monday's early break has been on tho assumption
that the disasters off the New England coast on fjunday marked the scopo of the
new submarine efforts, for the time at least, but since then there have been
several occasions when soiling movements have been causod by the reports of
attacks on liners. The room was full of such stories again today Just before the
most vigorous selling" occurred.
United States Bteel, which had sold above 112, (lec)lnod on this movement to
below 110, while Lehigh Valley yielded from 85 to 82, and Marine preferred
dropped from 10SH to below 105.
In the first half of tho day Columbia Gas and Norfolk and Western were both
prominent becauso of aggresslvo buylnff, on which these stocks wero established
at new high records, but both Issues reacted sharply vthen the remainder of the
list was tinder pressure. .
Advances In Wire Products Is Expected
NEW YOItK, Oct. 11. An ndvonco In the prices for wire products will prob
ably be announced by" the American Steel and Wire-Company, the subsidiary of
the United States Steel Corporation, within a few days, according to present Indica
tions. The demand for these products Is large and Indications aro that further
substantial Inquiries will come Into the market shortly.
NEW YORK STOCK SALES
1 :
I
Hlfh. Law. Clow.
57 K B7K 57 H
124 12K 1JH
ej OJ. OK
25 34X 24'f
09 ) 07 07
01 6SM 5W
lit 114 114
G6) MM 65K
64f 54W 64W
HH 12M 12H
74 70)f 71
28 28 28
23W 'J2H 22H
65W 63 55
7!f 75 76
Last elo4.
Acme I'ea 67"f
Alaska Gold M 12W
Alaska J" Gold M OJ,
Atr.Chlmen Mff 'J&H
A i., ileet Sugar .. D3H
Am 1 id M)H
Am Cm pf 114
Am Or Pdj 66f
Am Cotton Oil 63K
Am Hide A Leather.... 14
Am tilde & L pf 72l
Am Ire Securities. ..... 28H
I m Llnteed... 231
An unseed pr 05H
Am,.Locomotlve 77U
Am Locomotive pf 100 105H MWJf 105!f
AM Malt Corp 8H 7!( 7,'i 7
Am Milt CotD'O pr 42 43 43 43
Am Bmelt & Kef 108W I09H 107 107W
Am Smelt & It pf 110 H6' llrtH 110H
Am Smelt pfB 88 87M 87H 87H
Am Sugar Kenning UW 11M 114H HSU
Am fiteel Foundries 60J, 00 U GO 110
AMTelATel 132M 133 132M 132J
AmTobioeo 220 220' 220W 220',
Am Woolen... SIM 51 49H 40,
.Am Zinc LA Sra. ...... 47 48 40 40
vrAmZLAHpf 7JM 78 77H 77j
Anscondi Cop M I3.li M!f 01 oil'
AtehTopASF. 100 100)f 105 105'.
AtlOAWI 80 85( fiiH 84W
Atio&wipr ei(( 04 o.i 04 w
Bald Loco Wfc 8H Silt 82U 83
Bald Loco Wks pf.,....108H 1031 lOStf 10SH
Bait A Ohio ...88 83ii b7W &"
Barrett Co lOlJf 101 100 100
Bethlehem Steel .535 o35 630 530
Brooklyn Hap Tr 85 85l 84lf 84lf
Butte ft Superior.. 04 (AM 03 03 H
Cat Petroleum 22)f 25U 3!( 23 U
Cal Petroleum pr 50 53l( 60 6114
Canadian Pacllo VMi 170X 1 75 176k
Ceatral Leather. s 78)i 70 76)( 70M
Ches&Ohlo 07 07H 05 1 00
Chicago Oraat West.... 13W 14i 13). I3W
Chi Great West pf 30! 40)( 38)f 30U
CM Mil 4 St F 00U 05)4 04)1 MH
Chi M A St P pf 127J4 1234 128U 128j
0CC4SIL 57( 6i!i 67 57
OOCAStLpr 8-iH 84 81 81
Chi A Northwestern. . 12W 127U IS7H 127U
. . Chi R 1 & Pac 22 Vili 2i) i.lH
ColOAElec 40 43 41 42
Chile Copper ...21 21 20H 20H
Chlno Copper........... 63) 53)f 63 M
Col Fuel A Iron MX 55 52W 65
Co! A,Southern u 35Ji 35)4 31H 3IK
CentlnenUl Can 10JU 105 102)f 102U
ceao el r Bai....ii&;t nojf no lift
Consolidated Ga 138U 140 1371
Cern. Products Itef lOli 10H 10J
corn Prod fief pf....... 01 l)f
Credble Steel. 85't RflH
Crucible Steel pf....,...121!i 121
Cuban-Am Suiar. , 195 1D4
Cubs One Sugar 04 If 65)4
Cuba Cane Sugar pf,,.
Deg'A rtlo Or pf......
Dome Mines
Dttl 8 8 A Atl pf.
01
fax
121
101
03)f
00)f
41
21)4
13H
37
63H
3W( 320
178 176
TAH 72M
00 00
DOM 00)4
4 4.-K4
25 24M
13 12)4
. 30 WM
- Melstpf 64 63K
eea Chemical 325
Oeaeral Klectrlc 178
.. ..eooarkh B F.. ..,..,... 73W
Gtaoby ConJol..". 89!i
. Great Northern Df 118)f 118)4 118
"'? GNofs ferore prop.... 4W 43 41
GrMoe-Canaae: LQH 60) 60
G WatsS2d pf..... 02M 05 05
IlHoeU Central.. 108M l08)f 107H
Issf) Coo Cop,, ,05 06)1 05
Ist.Alrieelturat 16U 16)i 10W
1st Harr Jf J., ,.lie)i 110)f 110K
IMCea OerrtotB.,, 17)( 17)f 17)4
1st Paper ,....,. 3M4 37)4 36
UtPapwpf. 97H OS 06)4
ftKNWc v t eft 61)4 6D 60)4
' Iat NMc pf r t efi...10o 10AI4 1MI4
1st MM oof dp, 38H 3H 30)4
la M M pf e of dp... .108K 108)4 104
Jw(C'THi tjfl hi 87
M4TMr 110 110 110
JUaCttyjatbMB..,. U7H OH 27)4
xaa cttMPMKa pr...... hh bim 01
Aauy 9nfTU9i 7W(
Xsaaeoott' Ostsc, ..... 8$jK
Lsek Steel Co ,,.,, 66
LMMsOm 108
Ls HusTlre........ 44
trtttek.Vsltay M
! W.....I21K 127 137
iMseult 15M18 17
POo,....f...;a5 a4 34
JuwMs4 wum Vum Wmm
Metortlstpf,.,.. n 87 mi
HetMNaf mi Uu MM
Mas Fetfoieast il07 1WM lOtU
Missal Cnatw VH 37k tfH 37K
m r u,..,& mu im im
BTiMirsm iqm sm h
A'im. 44 H 44 H
....i..,...;.IM IM IJtM 137
;i(Mii)V..t
!,...
Q.
Vm wsaa
LMBS-WliM
79M 78f
BH 61H
84 83
109 109,
4M mi
86)4 88)4
138
1G)(
0I)(
82)f
121
104
03)(
00)f
41
2IH
UM
3X
63H
320
17614
72H
00
118
41
60
05
107X
05H
10)4
110)4
17M
35)f
00)4
60)4
100X
30X
104)
87
110
27)4
61
7811
61M
83
108
42H
127
sfflH
18
.110 IIU 1H 110
VXim XTH 97H
"mJH wi P4
gSSm Qm.. n.Yiiini U 7 Wit
w "liW saBi TsV9 a 9 J
m ! m m m
lagltii, m MKM. M;
Sot imm im 11? -na
g:::;'jrN
9rVf,f wm V0H WH MM
WfeMmX$ikwwiikW6bi. '
aBWaBummik;Lr.6'' -
70 71 Jl
111)4 111)4
Lait clou, ltlsh. I.or. Close.
Pullman Co 172 171)4 107)4 109 .
Hy Steel Springs 63 62)4 51 61
Ity Steel Springs pf 10IK 101 101 101
. 24H 25)4 24)4 25
.103' 100 101)4 107
.74M 741
.112)4 111)1
. 28H 20
. 17 1714
41 41)4
.213)4 12
. 69H 6S
.100)1 10014
. 29f 20)4
,.70)4 70)4
. 17!f 17J
. 21 22
42)f 441a
28
10)4
30)4
212
67
100
7)1
08
7ti
22
41
2S)
104
30)4
212
67
100
27"f
084
17JX
22
44)4
IUy Con Copper..
iteaaing
Kepubllc Iron & S...
ftepuhlle I AS pC.
Shat Arz Cop
8esboard Air Line...
Seaboard Air Line pr,
8ears Roebuck A Co.
Sloss-Shef 8 & I
Southern Pacific
Southern Ry ,
Southern rty pf
I, A 8 F w I
St Louis Southwest..
Rt L Southwest pf...
Studehaker Co 133)i 133)4 131)4 131J4
oiuii Moior. ,,,, uu t,SH (17 117
Tena Coppor 22 22)( 21)4 21)4
TexuCo ,220 2J4 220 220
7eias Pacific , 13 13)4 13)4 13)4
Third Arenue 67J4 67)4 67W 67M
Tobacco ProdueU 66)4 67)4 64! 65
.Union nag A Paper 11)4 11)4 11 11
Union Bag A P pf 63 63)1 00 00
United Cigar Stores 1024 100)1 100)4 100)4
Unite. Fruit 160 100)4 !6S)4 158)4
Union Pacific 148)4 140)4 147JJ 148
Union Pacific pf 83V 83 83 83
8 0ll' K , 2i 24 23)4 23)4
U 8 Ind Alcohol 120)f 120)1 117 110
U 8 Ind Alcohol pf... . . 105 10.' J 02 102
Unl'itf Ry lor 0 0'4 0)4 OH
Unlled Ity. Inv pf...... 23 22)4 22)4 22)4
U 8 Rubber 69)1 60)4 68)1 68)4
U 8 Rubber 1st pf 114)1 114)1 114)1 114)1
USSmRAM 72 72)4 72)4 72)4
USBR&Mpf 63 61)4 61)4 61M
U Boteei Corp'n 111J4 112)4 109)4 110)4
U 8 8tee. Corp'n pf....lz0)4 120X 120)4 120)4
Utah Copper............ 04)4 05)4 03 93)4
Utah Securities 17)1 liM 17)4 17M
V-CaroChem 43 43)4 41)1 41J4
Va Iron Coal AC 45) 4M1 4i'l 40J1
Wabash 15)1 16)4 16 15
WabuhpfA 63tf 63)4 62)4 5)4
Wabash pf U 30 30)1 20 29)4
eii union ei una miyj 1UUI I00)1
West B & M 02l OJ 01)4 61'i
netiern Aiarjiana dlyi 3H4
Wet Maryland pl...... 604 60)4
Wheel AL E 1st pf.... 0)1 7J4
Willys Overland 41W 45
Willys Oterland pf 104)4 103
Woolorth F W
Quoted ex dividend.
30)4
60
7M
43(
103
140 140)1 140
30)4
60
7)4
43K
103
140
NEW YORK COFFEE MARKET
KEW YOHK, Oct. 11 The market for
coffee futures opened Arm, 4 to 10 points
higher. Trading on the call was active,
gales amounting- to 23,000 bags.
It was the prevailing Impression on the
Exchange that the early buying, which sent
prices to a higher level, was for foreign
account, and some authorities expressed the
opinion that It had been inspired by recent
peace rumors.
Octobr
Novetni
J-li
ihr
DHtmbtr
January .
Kabruarjr
March ...
April ...1.
June
JU17 AAAaAAddaaAft
Aurui ...... 9,00
DIpitmMf 4 V,
Kua,
t s t t
f
Itl'OI M
t sales
t I r f a
ft '
Today
open In v.
8, HO
A.R4
s.eo
8.00
Ytsltrdar
rioi
.oses.r
OO0O.OS
M.a(
M.OSt
S.ASt
H.Tqi
H.T4I
8
S.
.
'S.7T
'8.70
m.-Tf
8.TJ
6.72
.!
8.U
'S.SO
a. os
s.vo
Jim
LOCAL MINING STOCKS
TONOPAlt STOC1CS
Ilutltr
MacNamara
Mid
la war ...... a .
MiipahaKitanalon
Montana ,
Northtrn Star ..
TonoDah Balmont
Tonopah KiUnalon
Tonopan Mininc
1 Kuia, . .
End
Bid.
...... ....... ...,,. ,uo
t ...,, ,, ....... ,, .. .OS
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ta
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GOLD FIELD
ntf
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. .IS
STOCKB
.10
Atlanta ,
Mill Bull
Fo'dV
Comb Kre
DtemfUtd B
Fio-rwwi .
rtSliSiS y-mr
Juffibo Btarl4M.
JAtWaVtU.! jiat f- M'Mf.
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Al KiM. Jr'astentf
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nialilijf tfiti
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.06
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Fitw; OrMitkUal BtHHur UiwlMtifl
NSW XOKK, Oat. ILTUe s4fal
aHta44 1.U' toatay fr hm gratuilaW, all
s-Mur rsKnsrs qvotlac 7. TW last sal
T sewt Cub raws was " unahanjt at
I,.'
OOVsWMENT OND
r 4
8iilPAiPii.HP-''fM
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,iryaA'
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.......a,...
..9...1
t..
...-
. Aakad.
Aew York Bond Sales
SfttO Alaska Onh Br A
..Wo do B.r M ..
HMO Arxlerrncli A ..
Siwo Aimr Mid a I. Ca.
WM anrror flte ha . .
itTMO Amr Bmll ea .
380 Anwr Tl clt 4a .
"WOO AmtrAVrtt Tap'&i
i("i Ann Arpor
ir.om Armour Co
lnMMVI Atrhlartn h
8ix) Alrhtaon Arls 4tta...
M-fn.
14
Cbw).
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ti 4a.
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f
05O6O
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novo
1000
10000
240OQ
INHH)
28000
StfOOO
UJOOO
4000
10(10
41000
4CKMI
4000
2IKMI
ssnoo
ROOO
6 0H)
3000
IIHIOO
21000
8000
28000
20000
sovo
6000
1000
4S0O0
22000
1 ono
llHHMI
1000
2IHMI
14000
niooo
suooo
4 (KM)
0000
I SOOO
1000
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I OIK)
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cooo
8000
10000
1000
2000
2000
cimoo
1000
1000
10000
2000
44000
12000
8000
12IHIHI
11000
TOOO
270(10
noon
r.000
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2000
8501 II)
BOO
Snoo
nooo
TOOO
8000
looon
1000
2000
81100
TOOO
8000
4000
1 Allan nirrn.as .
1 a c Una lUi ..
do ell 4s ... MS
najt Ohio SUa ..;
1 do 6a ,101)4
1 do a
do ev 4Ha ,.
1 Pildwln loco ta . ,1
1 Itath ntaal rid 6a .. I
llradan 'opP'r a . .
jirook rt T 6a 11S, .1
1 llkln V Ktv lat aln Sa.l
1 Can Uort Ra 131 ...
do 1B2S t. j
do mil ...... 1
Cal Oaa a lilre 8a. .
' Cant U eona 6a . 1
Onl lath 1st 6a ...1
Cant l'ai lat 4a . . ...
1 Chill Coppar Ta, . . . . .1
1 Cnaa a unlo 44 a. ..
I . do er 8a , , , ...
I Chi Ot. "West. Is. ..
1 CM a Main Ha ....
CM II A Q joint 4a. .
do awn 4a. , . ,,,...
Chi Mil Ht I ran 4a.
do dlr 4o
do cp 6a .. . .....I
do cr 4)4 a 1
do Qf 6o , .... . 1
1 CM Mil P H 4a.,.,
cm mar rrd 4a .
do 6a ...... . ....
Clar Hn T.'ne '(a....l
Col Midland ct 4a. ...
Cona Uai vr 8a.,,...l
J'orn l'rod 6a lull....
Mrolt United 44 a..
)la flacur. Corp 6a...
Irla sen 4a
Krla on 4a Bar A . .. .
Kna conv 4a af r .,.
Uranhy Co 8 la Ia....l
liua Alan in oa
do rrd ra
III maal dab
Indiana Htai
111 Cant 4a IBS?
intrrb Mat 4Ha.
Intarb 11T raf 6a
Int Mar M rt I 6a.
Japan. aa 4Ha .,.
K C Ft II 4 II 4a.
Kan cur no ea
ft
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kh
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6a .,
dab 44a ..
Btaal 6a ..
Kan City Tar lat 4a..
Kins a Co Kir ala 4a.,
Igarka Utl 8a 123.,
do 6a 1V10.. ,
I.k Hbora dab 4a 131
l.la- A M T 8a .......
Us M T T
Minn Ht 1, .. ..
Minn Ht V U H M 4a..
Mo Kan T Da.....
do 2d 4a , ,
Mo Pac vr I 4a
Mont l'owar 6a...
Nat Tube Ha., . .
N if Air llrk cvt a
N TT c'A II 0 . .
do ma ,
do con 4a
N Y City 4a 1951).. .
do 4a 10 JO
N Y N 11 at It Da .,
N Y Itwy ad) 6a ..
K V Tal Ran 4)a.
Nor Pae prior 4a.. ,
do aan 3a . ,.
Pacific! Tal 8a..,..
l'anna. aan ct 4(4 a.
Kaadinx aan aa,. ... .
Hap Ir4 6a 1
Ht t. I M A H 4s
Ht I H K ala w I...
do aan ct 4s ......
do Bar A w I .....
8t I. Sim lat 4s
do con 4a
St 1 M,A M 1st 4a...
do 44a .". .......1
Beaboard A I. adj 6a.
do fllo. 4a .., ..
do rfd 4a .........
Pnuth llell 6a 1
South Pao 4s
do cv 4a ,
do cv ret ( p 6a..,l
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9
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an ria nm ..... ...
itwy ean 4a,.,,
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Tenn C ret full pd.
South Itwy can
do eon as.
T.ui Cn cv 6a...
Third Av rot 4a.,.. 82.
Third Ayk ad 6a TB I
Trl-Clty B 100V
Utah Tower BJ , ...J!?,,
U H Btaal a f aa'....108VI
do a f its na.. . ..105j
Un Kin at 11 Ira 6a MW
Union Pao lat 4s.... 118
Union I'ac rfd 4 titj
Un llwya 8 K 4s. .. SSi
Va. Car Ohm 1st Ba.. 00.
Va nwy Ba , 80
Wabaah 2d Ba,,..... P?i
Wrat Md lat 4a.... HM
Waat K A M cv r.. . 124V
Whaallna- ft I. K 4a . 7
Wlacon Cant can 4a 87V
103.
lSn'4
103 Ji
8.
100,.
84)1
88
70$
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08
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87'
Mil
88
101
88
108
10M,
82
iKS
08
10(IJ4
10J
00
1)8
oi H
SB'S
?4
1243
8,5
7o:
87 "4
COTTON JUMPS TO NEW
HIGH TOP FOR SEASON
January Contracts Sell Nearly
54 a Bale Above Monday's Low
Level Realizing Follows
NEW YOniC, Oct. 11. Business was
entailer than recently on the Cotton Ex
change at the opening this morning, and
although there was h. fairly good demand,
the market was held In check by offerings
from a prominent commission house and
room operators. The early tone was barely
steady, with prices unchanged to 8 points
lower.
Liverpool was a moderate buyer here and
Wall street Interests also purchased, while
spot houses took the near months. After
the call a better demand developed and the
market held fairly steady.
At the time of the start lie re prices In
Liverpool were about as due. 8M to lOVs
points higher. The English market was
narrow, according to prlvato cables, with
some trade calling, a little short covering
and no hedge selling.
Colder weather was reported from the
South, with frost In Tennessee and North
Carolina. Light scattered ' precipitation
was shown on the Atlantic coast and in the
far' west of the belt.
The market became excited In the late
forenoon, when advances carried all deliv
eries Into new high ground for the season,
averaging about 14 to 23 points above last
night's closing figures. January contracts
sold at 17.50c, or nearly (4 a bale above the
low level of last Monday.
rteallilnr was heavy at these prices and
there were reactions of 9 or 10 points, with
the .soiling a little more active after the
publication pf the weekly weather report
from New Orleans, although this was con
sldered about a standoff.
Tca'day'a
closa.
Ottobar .,,...18.03
Daeambar ...,T.4n
January 'I!
March 17.45
May .17,66
July ........ .17.011
Hoot .........17.00
Open,
lf.12
17.41
17.80
1T.48
1T.80
IT. 66
JlUrh.
IT. 46
17.81"
17.66
IT. BO
IT.-70
17.78
Low. Cloaa.
1T.U 1T.40
17.88 IT,
17.28
17.18
18
17.48
17.63
.67
17.43
17.61
17.82
1T.72
Liverpool Cotton
LIVERPOOL, Oct ll.-7-Cotton futures
steady, lOH'to 11 H point net higher. Bales
totaled 10,000 bales, of which 9100 were
American. October-November, lO.ltd, Jan.
uary-February lo.ltid, March-April 10.17d
NEW YORK BUTTER AND EGGS
NBW YOB.K, Oct. It. BUTTER Iteealpta".
10,483 tuba. Vary, .qulat and waakar. Kaira
rraamary. 84Hc nlsber acorlns. 83t)36)4ci
lltata dairy. 84o ethar aradaa uncbansad.
KC40S Bacalpta. 17,18 packacea, ICaay. .with
haavy accumulation. Medium aradca of teah
satherad, no chanao on quotatwna,
Listed Bonds
In our monthly circulars we are
publishing a series of articles in ex
ptanatlan of lavastment Banking
lerma;
Our OctoiW Circular
(Hwmaaws the tmbjeot ef tAsUel Bsevas
l, detail.
, The olreuUr also daaorraaa a num.
'bar t attractive seovrttylaaa oHr
lag (nvssrtmeat Itwoma faBsjing trem
CfUt-ttW'h fwrUih4J rWs4.
j .
Ebward B.5mitH St Co
aamstMsias) ioj
ANKIfl
dUkB iS IRREGULAR
AND PRICES LOWER
Many Traders Lose Confidence
and Liquidate Freely Mid
vale Steel Declines
NEW YOnK, Oct. 11 lTiee movements
on the Broad Street Curb were Irregular
with a aeneral tendency to sell stocks at
concessions and close out speculative lines.
Many of the traders In this market seem
ed to have lost confidence In the situation
and liquidation from this source was the
most Important feature of the ds,y'a market
operations.
There was a show of strength In ths
early trading of Mldvale Bteel, but It was
not long before that stock "was again In
free supply and was quickly established at
a lower level.
The motor stocks aa a group were all
weak, yielding from.l to t points, and little
Interest was shown on ths long slds of the
Independent oil stocks, although Standard
oil Issues continued tn good demand at
higher prices.
The mining stocks were comparatively
quiet, with Dundee Arizona showing a Arm
tone, being actively traded In at 1H to
2V4. Zinc Concentrating was also firm, with
sales at K'i. Tennessee Copper was traded
InatSM to t.
Business was on a comparatively smalt
scale, except during the first fifteen minutes,
when a few stocks were moved up partly
by pool efforts.
INDUSTRIAL"!
.etn Esnloalvaa , ,
Amarlran lirltlah Manufactures.
American Marconi
fanantan Car Co .
Canadian Car and Foundry pfd..
f'havrolat Xtotnra
Curttaa Aeroplane
IT
hnnosraph . .
Ilaakall and Itarkar Car
Kmaraon
llaah.ll
ilandaa Manufactures
Kathodlon lironta pfd
Maslm MUnltlona .. .
.Manhattan Transfar . ,
Mldvalo Htcal ....
ptla Klcvalor
I'aarlaaa Motors ...,.
t'onle Knsln t
H. H. Kraaro w I ....
Htandard Motora , . . t.
Htrombarr Motora
Huhmarlna
Trianala Film .. ...
United Motora ..,,..
Onltad l'roflt Xharlna
U H. I, and II. common
do pfd
Whlla Motora
World Film
nid.
:.h.
::
, . 00
lK
: so"
. 23
10
::::::::::;A
J:
Askad.
2
46
ISA
83
41
'!
AS
ft
ISa
40
48.
RTANDAIID OIL
Illinois
idio .
Pralrla rlpa .,
Htandard Ull of California. ,
Htandard Oil of Naw Jaraay,,
Htandard Oil of Now York . .
i i 12
r
.... 2 . 2J
.... 03U 5
:::: ,J
. , . 171 ITS
....!! 202
....80H -BPO
.....200 201
. ...J.17 343
....677 632
. . . .228 232
l-oadrn Oil
Ooadf n A Co
Intarnatlonal Tatrol
1 1 on .ton OH
Mlclw.it Ilpdnlna .
Hapulpa Itaflnlna
OTIIEn OIL-STOCKB
12S
10)1
lntt
14
9.7
I2W
I,"
10
ea
10
MINING STOCKB
Atlanta
Ilutta Coppar a Zlne ..
Ilulto a Naw York ,.
'arret da Pasco .......
Flrat National
Floranca Ooldneld
(loldnald Mararr
Ilrcla Mlnlnc
Ilowa Hound
Jim Duller
Jumbo Uitenalon
MeKlnley-Darrash ....
Maama Coppar
Mlnea Co of America
Nlnlaalna Mlnaa Co ...
Han Toy
Ht Joaaph Iead
Wrat Knd Consolidated
White Oaka ,
City of -rarla ris .
Cerro da I'aaco lis
Mldvale Hteal 6a , .
Ituaalan Qovt OVia .
bonds'
l . 10
s 'J
40 60
7
8R 40
68 , . 02
ISUj IN
2Vt 2
." 5
in 20
is , hh
TB., 80 .
3H 4V4
S8t t
117 It
8 J4,
lot lotK
DIVIDENDS DECLARED
Burns Brothers, racular quarterly of lli par
cant on common, and IS par cent on prererrad
stock. Common dividend payable November 16.
llooks cloaa November 10. Trefrrrad dividend
payable November 1 Hooka cloaa October 20.
Flaner ilody Corporation. Hi par cent on the
prafarred atock. payable November 1 to stock
of record October IT.
Gloucester Ferry Company, aarond .annual of
A per cant on the preferred atock, pearable Oc
tober 16 to stock of record October 1. The com
pany rmersad from a brief receivership in 1012.
Girard Quotes
In Fubllo Ladssr Oct. 10:
"After the war look ant for
Roaila. Twenty-flse years will
ea It, neit after the Dnllad
Ktatea. the areateat Industrial
nation on the earth."
One Russian Rouble
is normally worth about
51 cents. It is now worth
about 31 cents.
Imperial Ruiiian Government
Syi Internal Loan Bonds,
.of 1916, due 1926.
On account of the con
dition of exchange, these
Bonds are purchasable at
about $320 for a 1,000
Rouble bond.
With normal exchange
1,000 Roubles would be
worth $510.
Russia has larger re
sources and a smaller per
capita debt than any other
European country.
Through our direct tele
phone to New York, we are
prepared to quote a prompt
market on these bonds.
Deliveries made of "Stock
Exchange" or "Trust Com.
pany" Temporary Receipts
tor lionds.
rBAjoERfrGa
Invettment Banker
Broad & Sansom Sta.
West Penn
Power Co.
5 Bonds
Absolute Fkat Mortgage
Earnings mora thkn 2V& times
interest raquirewenU.
Tax exempt in Pennsylvania
PriM A MTJaTaMt
. Yildintj 5.23
Fariieulara on rcejmst Ut ptrwularPE-SO
TTwNationilGty
'uxi 'citft44tit. h;, wtiisiiiis
a'f'ra"" fehffBat'fJa e"raa7aVa7"f"aHMMfa. 4aaafJs4jasajBa
.. . -' -
' "'--'-- a a aj a , . i j I
Salt in PhilaMpfii
14 Am Oaa... ft f
tts Am Rra pr 3714
80 Bald Loco. 88
18 rjam Steel. lea
BOO C II 1 ! tin
D88 Bleo Stor. H
60 Krl 3 1 -4.
80 Oen Asph. 884
80 lUBTpf 10
100 Int M M . 3844
lOO.Kenne Cop 8JH
88 X T 3o Pf 83
1838 Lk Sup Crp 1IH
. 06 Leh Nat . . 11
483 Leh Val . . S3
80 liVTrpfd 48H
088 Tenna 11 It 884
JO rhlla To
cum pf. 4l4
88 rhlla Kleo tSVi
8100 TUT tr cfs It
Its nettdlna...lOIV.
80 do 2d pt 4
600 So Itwy... 1S
160 Ton Bel.. 4V4
10 U 8 nub.. ih
188 Union Trao 44V4
tot United Q I so
UnCoK J.8J4
tits U S Bteel. 113
880 War Ir A 8 4
to West Coal. 1SV4
440 Wm CAM 8154
Lew.
131
tlra
88
91
siH
884
8ft
84) ft
10
tM
B3U
08
13-4
11
8214
tt
88
Nat
flnae. thee.
ltt 1
tlH H
88 Va
100 8
81H J
38 1H
30H H
to .....
36 IS
81J4 W
88 '.....
18H
11 H
8314 J14
4t"4 .
88V4 .....
4H4
88Va
18T4
41H
88V4
It
10Va 18W
43 4 43W f ?
88 88 t
494 414 H
68 88 1
44 44 4
3314 8t .....
834 884
108 118 1
8 t ....
13 1 H
10H 8
1t
MINDS
lllah. Low
Cloaa,
104
81
87
Nat
chsa.
V4
1
810100 A OaCl ta si yl
1000 II L 1st Cs.104 104
3800 13 & Ptr 4s 88 81
3000 I. R Ino 5s 81 8?
71000 U V cons
4Hs 2001,101 100 101
8000 Ta Co cons .
4 Ha ...10814 103 103 H
8100 I'hll Klc 4s 88 S3H
8300 do Es ..103 10SV4
1000 lt-J Cen 4s 03 03
1000 Un Ity Inv
Ss ..... 71 71
sooo York Itwy
lat Es .. 07)4 81
88
10314
0
71
87
Yarns Firm In Manchester
MANCIIKHTKIt. OcL 11. Yams are
firm, but the high prices are checking; bust,
nesa. Cloths are In good demand.
Financial Briefs
Several advances were made In local
bank stocks sold at auction today. Corn
Exchange National sold up 6 points at 336,
the Ridge Aenue Bank gained 6 points,
changing hands at 86, and the Philadelphia
National Bank Issues was taken at 497, an
advance of 4 points. Shares of the Mechan
ic National Bank, ot Trenton, were bought
at 282 "4, an advance of 29 H points.
The New York Subtreasury has trans
ferred $1,000,000 to San Francisco.
FtHtMsafltr?)
r HsaHsH l
XaaaEoy
Organized'
1807
In formlnjf o. reliable bank
injr connection, wo invito
your consideration of our
10D years of continuous
success and conscientious
service to patrons.
Farmers and Mexhanics
National Bank
427 Chestnut Street
CAMBRIA SffEBL OTH ! ANOTHHfe , top
SHiLliiliNU AX AW Vl xwwxxj VJZU
oerttv Anr,pM Six Points in Day's Trading Bui
Not Largo Throughout List, Traders Holding 0
in View of Holiday Tomorrow
The Philadelphia stock market did not
show much life today. While there were
some Isues In which the trading was falrir
Urge, when comparison Is made with recent
days, the list as a whole did not show much
activity. This was possiniy oue .
that traders did not care to maka any new
commitment- over ths hody 1". "
.., .a u.ii.ii nn that mar ansa i"
100. the
view of complications
tho mesnwhlle.
-m a- ni..ll aaafaasinAJI ffl
toiniuritt, on" - --.i a
highest at which It has ever ?'''"
gain of 6 points over the close of "'nlr;
was the most striking occurrence In the
llat. No news cams out to u"t.n'orlhJt
strength. The Street seems to i mink that
something favorable to the stock will bo
announced In the near future.
From time to time It has been "porl
that the earnings aro good. In fact, the o"'
In the company's history This hs'om,
people In the Street to put two and two to.
gether and argue that some payment may
be made by the company on the stock out
of the big earnings. There are only about
10.000 shares of the stock still outstanding,
and the Street heard today that thestock
would be sent to 150 a share. This, of
course, must be taken for what It Is worth.
At today's top price the stock Is 19 points
over what Mldvale Steel paid In taking
Cambria over.
Lake Superior quieted down and lost
some of the advance which was scored
yesterday. During the morning the stock
held around the close of esterday, but In
tho afternoon a fraction was, clipped off.
The total transactions were above 1S00
shsres. There was a little more activity
In Philadelphia Ilapld Transit trust certifi
cates, but this was at the expense of the
price, but only to a small extent.
In taking the arbitrage group Into con
sideration United States Steel common was
the most active. The sales In that stock
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia
High Grade
Pennsylvania Tax Free
Railroad Bonds
Equipments
and
Public Utility Bonds
MK3IDEKB
NEW TOniC AND rillLAIlELrillA
STOCK EXCHANGES i
were more than SOOO shares and la
tato In tho -day was off 2U noUaT '
was In lino with tho downward hLJt
New York. Heading ana tM.FVJ
wero also weak, both losing upwsjsHfl
The Street was Interested tn the
ment of gross earnings ot th. 217.1
companies of tho National PronerlT
imuy. ' vi :iiiiwi ircy totaled IT
nil inticunQ v. a.va.afo, or 13.30 fM ,
MAM.naVA.I tariff. , ma. I. VTr
orlast year. Tho figures for nlnern
were n,.. mis is a gain of !
iiv, or 11... ycr tcni over me corri
ing periou 01 mai year.
BAR SILVER
Tlar silver In Tendon today was emua Jm
JSHd. a gain of M8d. ,WM"i
Commercial bar silver was quoted la av
York today at 7Hc, an advance of
Ll
ILVER
Tim Hisiaxryi
and uses
III!
MADS of lhe Prind-
,,iWlr0 pal Silver dls-
trlcts or the United States
and Canada.
COMPLETE REPORTS
en tha laadlnt atlver pradocan ssd
OlTtdaod vsrers.
, Write or call for ths
SILVER
BOOKLET
which eettlaea eempltttty ta ysi
the poaalbllltlaa nn ta preset! all
Trr sltnatloD. 81si, eat est lewsr
part oi aaTariiaemaoi ana mau.
Vaaie
"
Clp .........,,.,,. (ais
(608.T.TJ.)
JONES & BAKER
WWener BWg Phi!arJeIy,
Ball, Walnut 1000-1.
Raystoaa, Kaee 3200.
Vew York if'
inirngo Pliihii.i.-I
VMtklMM at. . - -" 1
avV.n...v w awmt AUI QtrtrfCsfH !
Brown Brothers & Co,
Fourth and Cmsmnrr Stiueets
PHILADELPHIA
BONDS FOR CONSERVATIVE INVESTMENT
Chicago Union Station. Company
First Mortgage 4& Gold Bonds
jawa Juiy l, iui6 Due July lf mi
Price lOOM and interest, yielding about 4.48
Descriptive Circular Upon Request
$4,000,000
The Northern Ohio Traction-& Light Company
First Lien and Refunding Mortgage Five Per Cent. Gold' Bonds
taswe-osasasajh-asssssej
Dated August I. 1916 Due August I, 1956
Interest payabla February I and August I. in Naw York or Cleveland. Redeemable, as a whole
or in part, on any interest date at 103 and accrued interest. Coupon Bonds, $1,000
(registerable aa to1 principal only). $500 and $100, Registered Bonds, $1,000 and
multiples, interchangeable with Coupon Bonds of $1,000 denomination
APPROVED BY THE PUBLIC UTILITIES COMMISSION, OF OHIO
The properties pf the Northern Ohio Traction c Light Company comprise all the
city lines in Akron, Canton and Masaillon, Ohio and a system of interurban lines
connecting these cities with Cleveland. The Company does the exclusive commercial
electric light and power business in Akron, and supplies electric energy, directly or
indirectly, to nine other communities.
ir wJ'la 0,,0Yi,ng jnformaUon is summarized from a letter addressed to us by Mr.
b. W.-Moore, Vice-President of the Company:
These Bonds are seciared by a mortgage on all the property owned by the
Company subject to the. kens of $10,075,000 underlykg Bonds. Tfeewb
Uje deposit with the Wee of $2,300,000, par value, of prior iaaWtL
First Lien and Reftnds 5's share ratably, to the extent of thTBoU
deposited, hi tBiderlykig liens. Additional Bonds may be issued onlv ineler
csurefuUyegttarded restrictions. 7
The replacerflt value of the .physical property U largely m excesa ef the
total otttstandiag beaded debt ,
The Bonds precede $4,600,000 par value Preferred Stock and $9,000,000
re" cc'JvCora,B01- Stock P,yin8 dvddi at the rate of 6 and &,
Under the terras of the mortgage the Company agrees to provide a Mak
X"cd"ondhSirttti0n FMBd 'deqUat l kMP Pr fe 3-
The territory served embraces fifty coramunkies situated in a rich sri-
SbKtTakT rtrv"" UB W0Jt -P1 .
STATEMENT OF EARNINGS
r j j aA',' hT """ B-"0W Wt t' Co, Casr,.,.,, Aceoualaat.)
Par years ended April 30i ITl5
Gross Eanatags" -. kb , ...
Op.r.tJBg Eapi MIUae. and T.aas . . . WSi 473 Ji
Nat Earnings araUaUa for Interest Charges. DapracUtlaB, Etc., "il'aiaOTa if
Aaaual Utarart . Fkrt LUe, aasl RWuntHar.nel, undIyuV Wdi r2JK "
Nat aShH M tr 4W4B taPhs tUAlsi. e.al. VIA 1 a a -
threeart
Prkf 94 and Intir-Mt to Yild 5,36?.
The Nation-ml City Company
NaImimI City l4uik '-ff'rHnf,; New Yedc
e4HaaKHa0j4Ca(T OrTlCS
llLXMHLMtlA. VA. maaraw uau
, .ietn ew it. fiTi.-Si ?AJPW)m,.
' Sr?. ",fcr ka" dfimJL
4M. At. . M L " a.
Tlaass Ahaivaa ! In an aj - -,,. lt .--... -,
isWiseTatBg,gK,Tgl - &..
1
,fl
1
1
1U
M,Mr,MLl,M
H
VjI
1,
CAS,
1
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mm