A
, junVi -
SYRHTOG IiBBOSR-PHlLADBLPHlX WfiDKlMSPAT, OCTOBEB 25, 1S16
FINANCIAL NEWS
JADING ISSUES ifr SUPPLY WHILE
SPECIALTIES MAKE SHARP ADVANCES
'".
.-
JJniUd SUtM Steel Common Loses More Than Two Points
on Scattered Pressure Some New High
Records Established
NEW YOniC, Oct 2S.
The, stock markst today reflected the Increased uncertainty of the speculative
ever the market position and outlook and the loading Issues vrero Rener-
My In supply at concessions without refard to the violent advances In many of
the specialties.
United States Steel common lost more than 2 points under scattered pressure
tier It sold at 120 In the early trading. Union FacMo moved In tho same way.
nies stocks were followed on recessions by Utah Copper and by many of tho
tber Issues which have, lately shown pronounced strength.
While these declines were In progress many stocks were established at higher
levels. Industrial Alcohol was aggressively bought In the first halt of tho day,
then advancing more than 6 polnU to abovo 146, and In tho railroad stocks Itock
Island attracted attention, making a gain of more than 6 points to 33. Tho
American Illdo and Leather Issues were exceptionally weak In tho industrial
group, the preferred falling 6 points to 60tf In response to tho unfavorable state
ment for the September quarter published yesterday.
Advances and declines followed each other rapidly In other Issues, American
agar Refining making a gain of more than 1 point and then falling moro than 2
yobtts, and American Beet Sugar, after selling at tho new high record of 104U.
yielded mora than 1 point. Denver preferred continued In demand and made a
farther gain of more than 2 points, crossing CO.
There was a disposition to regard tho heaviness In tho standard stocks as
feeing dua to uneasiness over tho posslblo results of the presidential campaign. To
day most of the wagers were mado at odds of 10 to 9 against "Wilson, but at the
same tlmo offers woro made to bet round amounts at even terms on Wilson by
those who did not have knowlcdgo of the conditions prevailing on tho Curb.
Where advances occurred stocks were moved up to a great extent by pools
concerned In the various properties. Tho upward movement In Itock Island,
Which has been In progress slnco tho beginning of the week, was attributed to
the interest concerned in the reorganization of tho property and Is said to havo
been first Intended to have an Influence on the reception of tho reorganization
plan, which Is now ready for publication, but In tho progress of tho movement
K was supposed that an oxtrcmely large short Interest had been created and
severing of the short! Is sold to havo mado tho highest price reached in today's
trading.
The bond market showed an Irregular tone, with tho Anglo-French Bs selling
at 94, that Issuo being in free supply by holders who deslro to participate In
tho subscription to the new English loan. City of Paris Cs were heavily traded
In at 98 to 98. The heaviest dealings wcro In the Rock Island Issues, which
were attractive and strong. There wero very heavy transactions In tho Bs, which
rose from 63 to 66. Tho 4s moved up from 76 to 76. Colorado Midland 4s
wero the strongest of tho low-prloed lssuos, advancing to 13.
$2,500,000 Gold Comes in From Australia
NEW YORK, Oct. 25. Gold to tho amount of 12,500,000 has been received nt
the San Francisco Mint from Australia for the account of J. P. Morgan & Co.,
Baking a total of 423,000,000 Imported slnco January 1 from all sources.
.WHEAT SOARS ABOVE
LEITER YEAR PRICES
December Sells at $1.86 and
Other Months Are Also
t Higher
CHICAGO, Oct. 28. The record of 1.85,
established during the Lellex deal In May,
189), was shattered In the wheat market
icre today, when December sold as high
as S1.8C. May reached 81.85 and July
1.49. Yesterday's last prices were
31.78ft for December, S1.7S for May and
11.43 for July.
Thero was tnormous buying with bul
lish crop news from Argentina a feature.
Shorts wero compelled to cover and fresh
long lines were taken on. Intenso excite
ment prevailed as prices bounded upward.
Further evidence was received of In
creased anxiety on the part of foreigners
about obtaining supplies for futures require
ments. An extreme scarcity of December
was a factor. Indicating that European pur
chasers, despairing of buying the cash ar
ticle In the oien market had bought De
cember from speculators and were going to
stand for delivery.
There was a considerable set-back from
the top under hoavy proflt-tnktng and sell
ing for a reaction. While underlying condi
tions remained strong, values have had an
almost uninterrupted upturn of S5o a
bushel and a tone of caution prevailed be
cause of a vast accumulation of contracts
by the public, which might be undermined
by any sudden development In foreign po
litical conditions or the placing of an em
bargo on further shipments abroad.
Tho collapse of the Letter speculation
was recalled, although the statistical situa
tion the world over is vastly different at
present. .
Late In the session there were reports
that exporters were reselling at Oulf ports.
No rain was reported In Argentina and
' private advices said that the real weather
there was generally clear and hot
Leadlnc future ranxed a
V
Wheal
December .
Ju&,
Decern!
ST:
SL
Open . lllsh
l.StU l.hl)
1.81 1.85
1.45 1.4BU.
(new delivery
110 62
00S S2K
i.ui
follows:
YtadeVa
(Jlnso close
l.HO
l.SO
1.43
uote
December . . 65,,
Jyr v-... esft
October ...10.80
December ..10.00
r "SKZ. 18M
October .,..14.70
MHltr .. .14.85
rone
IX
S4
87
sot!
B4
aitt
1.TUV4
1.7h
1.44
e6
B0J4
BOH
!S4H
ber
.90.28
.27.80
U.Z7.29
sked.
47
1A.80MS.87 tlS.90 11(1.25
18.13 15.75 15. HO 15.95
15.47 15.15 118.20 tlO.82
14.60 114.53
14.20 14.S0
59.00 20.25
26.80 27.78
26.05 t27.0O
14.70 14.80
14.47 14.17
20.25
28.25
27.45
nominal.
29.00
28 80
26.50
COTTON ADVANCES
TO 20 CENTS A POUND
First Time Slnco Civil War Days
.. Pricas Have Been So
K High
NEW YORK, oet r, Twenty-cent cot
ten became a fast this morning when May
and July seta at that Dries on uie can.
I It was the first time slnco the Civil War
I this price was reached. Tha general mar
ket was ftrfn. with prices 17 to 23 points
act hlgaer.
The ginning figures cams below expecta
tions as the reports of the National dinners
Association's estimate led to higher guesses
the floor and caused covering of snorts
a a large seals.
Commission bouses were buyers, with
Wall Street interests and some room traders
also purchasing. Liverpool sold January,
kwt took the later months. The selling
came from two or three Important room op
erators who apparently were taking profits
ad from one southorn commission house.
The heavy realizing encountered on the
STraaos to 10 Scents for May contracts
aausas reactions whloh carried that delivery
t to 11.17, while January soM back from
M te 11,(1 or warty last Right's eioeing
-fa-was-a Urie volume of fresh buy-
waver, ana eater nuctuations were
and irsecwiar with prises working
i JWial jasfetta from the iewest after
Toe.
New York Bond Sales
lllsh. Low. Close.
4000 Ala Gold cv Re Ser TJ 85 85 85.,
SUUII Am,r Are rv r.H IDS 10.! lirjTfc
243500 Antio.Kr Bs UISVl U4J4 1H
itjiHHi Am foreign pec os... u7 i,n n-
lioOO Amer 8melt Sec 6s.. 11214 112 112M
miHHi Amer Tel cvt 4tt'...u-v
5000 Amer Tobao 0a 120
84DINI Amer Writ l'ap 5a..,: h7
28000 Armour Co 4Vts .... 93
8uHiu Atrnlaon Ken 4a IMJ
500 do ad) 4a 8J4
1000 Atchison cv 4a 1900. .107'i
17000 Atlan Co Line 4tta.. !
luoo
do lat 4a
U3U
..lint
103 ft
101
inl
100
100 J,
100
21(1011 Halt auhti
7000 do 4a
2H500 do cv 4Ha
200a Beth Hteel lat 6a .
lnuoo do rfd 5a
Bouo Tlraden Cop 6a ..
80OU Urook Ilap Tr Sa
1U000 do 5a 1918 ....
12000 Can Uovt ns 1021.
12000 do 5a 1020
liooo do 11)31
3000 C (5 C a 8t L 6a
300(1 Cent 1-eath lat lis.
evuu i;eni l'ao n I, ea ... Ha
loooo chill Copper 1i..,...1:h
18000 Chea a Ohio cv 4Ha.. 5:
luooo do 4 Via 91'
214500 do conv 6a 07
1000 da 6a 11)71
6000 Chi at Weat 4a
ouuu um nwn 3
uuuu unic un eta
120
Ml
03
lUti
KHVi
107
lljtj
03Vi
ll'iU
92
li it
103 i
lOlJi
UH
100
1CKI
100
i
01V4 100T4 1IHIX
.100 .100 ,100T
.10JH 10-jft 10.'
'ftfs-
20000 C 11 i Q Joint 4a
ao cen 48
5000
2000 do III 4a 04
13000 C M ft St P sen 4a... 0J!
12000 do conv 6a 107
5000 do cp 5a 10.1
Soooo do cv 44a loift
2000 Chin 11 I A Pan Aa
268000 do rfd 4a
430000 do 6
5000 do 5a ct one eta...
12000 do 6a ct 2d at.,...
1000 Clev Sh Line 4i..
18000 Col Midland ct 4a...
0000 do 4a
92000 City of Parle Oa
24500 Comp Tab Itec Co 6a
6000 Con daa Obnv Oa
7600 Del ft Hud conv 4a..
-oou ao ria 4a 9HVi
22000 Den ft lllo Or 4a Koft
18000 do rfd 6a 72
1000 Dla Stcur Corp 6 78
7000 I)u Pont Towder 4 a. 101
iiwu .ue conv ea aer l... ai
101K
01
58
in
13
D8J4
127
107
103
lOlft
25000
1000
nuou n,n i:in Ue
15000 111 Steel deb 4 a
do Briar 4e.
do lit con 7a
84
4000 Indiana Steel 6a
0O0O Iowa Central ref 4a,
suuu ao ria ea
74000 do 4a 1053
6000 Interb Met 4
65000 Interb It T ret Da...
65000 Inter Mer Mar 6a...
1000 Internl Paper 6a ....
2000 Jaoaneae 4 '.I a
8000 K O Tl S ft M 4a.
1I)U:
811
18.?
8S
.... wi
1023. loo
, 95H
.1001
100Q Kan Cllv Ho Sa
Tuoo lcKa Hteel 5i
20000 I.k Sh deb 4a 1031,
2000 Leh Val con 4Ua..
70(K) Ur ft M T C 102
uuuu Lrfiriuara oa ..,. lot
1000 Urala ft Naah 4a ... 04
8000 M St P 8 8 it 4a 08
6000 Mo Kan ft T lat 4a.. 77
9000 do 4a 42
105000 l!o Pao w I 4a 07
10000 do 5a 1017 ,.107
1000 do 6a 1920 07
6000 do 5a 1926 w 1 95
10000 Mont Power 6a 90
05
100
04
03S
800O Nat Tube 6a
aouo r Air i
Drake cvt 6a.
ifimi r r u it t aa
108000 N T C ft II 6a..,..,
84000 do 8 a
4000 do 4a
6000 do 4 Via
2000 do con 4a,
New York Stock Sates
I-4t rleae,
ArmrTes.,.1 M)l
Mr Homely 10
Alaska (lold M 12l
Allli Ctmlmen Mff 25
AHIl Chalraerj Mir pf . 81't
Am As Chemical 83
Am Hank Note 41
Am llt Bunr im
Am Can 02f
Am Car ft Fdr OS
Am Cotton Oil COW
Am HMe ft Leather 1SX
Hlh.
00
16)4
12U
20H
82
82)1
43
Mrw. Cloee.
mi 00
15M
13
2Gli
R2H
R2)i
43
f'
15
13
25
82)(
82M
43
1MM 102K 103M
02JI OUI IB
ON
MM
10H
CSX
25
8
SIH
0H
0Sf
67
17M
73
26lf
68
11
C8f
tAH
10M
CO
26
68
82
10f
110
Am Hide ft Lpf 7414
Am Mnved 2IH
Am MnKed pf. 67li
Am Locomotive ,, 81,'t
Am Milt Corn 11
Am Bmelt A lief 110U 1U 110
Am Bmrit ft lief pr 118 118 717K 117
Am Smelt pf A 00 OHM DOM OOM
Am filed Foundries KM 03 03 03
Am Ruear neflolnc 1231 125!( )23H 124H
Am Tel ft Tel 133H 133H 133 IT!
Am Tobacco 220 225)1225 225H
Am Woolen 6214 63 62M 62Ji
Am Writing Tpf 44H 48 45 48
AmZlneL&rlm 40H 40H 40) 40H
Am Zinc I. ft 8 pf 77 78 78 78
Anaconda Cop M IM'f 04'f OHf OIf
Alch Top ft 8 V 107H 108 107U 107U
All Coast Line 120X121 11 121
AtlOulf&WI 05J l)0) 05U V&H
AtlOAWIpf 07H 67Ja 7M 07H
naMLocoWotlu 841( 8.1 M)f 84H
IlaltftOhto 8St 8SX &S RSli
Ilarrett Co 163 168U 168U 158f
ISethlohem BteW 010 025 010 U1U
13S 110
at S3K S3K
05 OIK 04M
2-lH 24 2IU
52)f 62U rail
,17flM 175! 176M 175H
04U OiH 03 O.Di
110H U5U UH
100 100 100
OQW 08!f 09
60H COM COM
aiM 84M 84M
4oh mi mi
05. 04!f 05M
120M 120M 120M
102 102 102
34't 28 34!f
2.IM 23tf 23M
COM CSM COM
MH SOM 30M
ncthlnbem Stoel pf 130M 110
Ilrooklyn Rap Tr 8IM
llutto ft Kuperior (VIM
Cal Petroleum 23M
Cat Petroleum pf 61M
Canadian Pacific.
Central Leather..
Central Leather pf 115
Chandler Motor 100
Che ft Ohio GOM
C CCA St L 67M
0 0 C ft St Lpf S4M
Chi Great West pf 40
Chi Mil &Str 04M
Chi Mil ft St P pr 127
Continental Can 102
Chi 11 I ftPac 27
Chllo Copper 23M
Chlno Copper 68M
Col Oai ft Klec 37M
.Consolidated (las 13!M 130M 130v 130M
Con U K L ft P Ual.,..12U 122H 11)1 VZM
Col Fuel ft Iron C4M C1M 5i 54 K
Col ft Southern 3.1 34M 34M 3iM
Corn rroducU Ilof 18 17)f 17M 17M
Corn Prod pf 02M DIM DIM DIM
Crucible hteel SO SO 88 80
Crucible Htwl pf 122 121M 121M 121M
Cuban-Am Suear 233M 230 230 230
Cuba Cano Sugar 70M 72M 0!f 70JX
Cuba Cane Suear pf.... 07M 08M D7M OS
Denver ft lllo Or 10 10M 10M 10M
I)cn ft Wo Or pf 47 40M 47M -10M
Deere ft Co 00 00M 00M COM
Distil I Sec Corp'n 45 47 40 40
Erie 38M 38'f 38lf 3Wf
F.riolstpf 63M C3M KIM C3M
OastonW&W 48M 48 47M 47H
Gen Chemical 335 330 330 330
General Klectrlc 183M 185M 183M 184
General Motors 835 850 835 850
General Motors pf 120M 120M 120M 120M
Goodrich 11 F 73!i 75 73JX 7iM
Goodrich H F pf 11 IU 114 114 114
Orcat Northern pf 110 110M 118M 118M
(J N cr for ore prop... 43'i 43M 43M 43M
Guir States Stoel 05M 00 05M D5M
Gulf States S 2d ps 05 05M 05M 05M
Illinois Cent 108M 108M 108M 108H
imp Con Cop 05M CSM 05M 05M
Int Agricultural 10M 10M 10M 10M
Int Agricultural pf 40M C2M COM C2M
Int Con Cor v t c sh... 17M 17M 17M 17M
Int Con Co.p'n pf 74M 74f 74 74
IntHarvNJ 117M 110 110 110
Int Nlclc v t cfs Gl COM 50 CO
IntMMcofdp 40M 41 SOM 41
Int M M pr c or dp...,116M UOM U4M 115M
IntPaper 40M 60M 48M 40M
WEAKNESS MARKS
TRADING ON CURB
Some Issues Show .Strong Tone,
but Tendency Is to Lower
Levels
NBW TOnK, Oct 25-The genera! ten
dency of the Curb market today was to
lower prices, although some Issues showed
a strong tone and made moderate gains.
A new stock traded on the Curb, Man
hatlan Electrical Supplies, sold at 18 W to
36. Chncoal Iron was again strong, sell
ing at 7.i and 7T4-
There was n good demand for Southern
Oil with sales at 8H and 8V4. Sinclair
Oil was fairly well held, ranging from 82 H
to 54. Marlln Arms fluctuated from 7EU
to 79.
A wesk tone was shown In Wright and
Martin Aircraft, which, after selling at
24 94, declined to 22.
Submarine was weak, falling from 42
to 40U and Mldvale Steel declined from
67 tt to below 67.
The motor and mining stocks were Ir
regular. tnntTSTOTATJI
o,
I OH
Aetna rjlolvea
pl
l)r
12.
a maeiaa n.iirii tain airar. .
Marconi ,... lt
Canadian Oar Co 35
Canadian Car A Fdr pret ..., 65
Charroal Iron 7H
CurtlMa Aeroplane 20
nmeraon Phonnaraph y ,
Haaknll A Parker 1V
Ilendee Manutacturtns ........... 25
Kalhodlon Ilronio pref 9
Maxim Munitions , 6
Manhattan Transit
Mldvale Steel 66
otla Klevator .., 08
Poole Kngine ..... ..y?.
H 8 Kreeae. .,,,...,,, ,..
Htandard Motors .
Submarine
Trlanale Film
Vnlted Motnre .
United PrnHt Sharlns
U B I. ft II com
do pref ....,,......
World Film
BTANDAIID Oil BTOCKS
Illinois ;-8
Ohio 8n
Prairie rine, JJJ
Standard Oil California f5i!
Htandard Oil New Jener JM
Htandard Oil New Tork 241
OTIICn OIL STOCKS
Conden Oil I,
Condon Co, ,
Inter Tetroleum ;
Houeton on ,..,,..,,
Mldwret Itennlns
Hapulpa Ileftnlne
MIN1NO STOCKS
Atlanta
Ilutte Copper A Zlno
Ilutte N Y ...
Cerro de Paaco ................
Tlret National
Florence tloldrleld
(loldneld Mercer
llerla Mlnlnir
Howe Bound
Jim Butler
Jumbo Kxtenelon ..,....,,...
II.VInl.w.n.rF.vh . ...
Magma Copper 21 H
Mine Co ot America 2',
NlplKln S
San Toy 1R,
St Jonh Iead 1BK
Weat End Consolidated 09.,
White Oaka 4H
I10NDS
IIS
Aaked.
11
lb
.!
2
It
.7
115
ljfA le
7V4 8 s
41 42(
3 2J4
eiji esC
4tf !t
1H i
225
8T0
300
itr3
nu5
244
ISM
k
32 ..
10 10U
1
40
7
.K
91
at
..
Cerro de Paaco Ca
Mldvale Steel 5a MSfl
Ituialan Government OVia 100M
10
8
2
80
U
45
P4
SO
d2
20
10U
72
5
101
Divinnxns
li6
1HOOO N Y Cltr 4e 1956 res
iuuu no it ivoi, ,, ....iiu?
3000 do 4s 19511 lOl
2000 do 4Ha 1040 103V
looo N y ni ii ft p s iott
4000 N Y N II A II fla 112
1IUMH) M Y T.f sen iJ. a UH
4UOO Niagara Kails Pow fls.loH
vniMI Nnrf A Veat Poch 4a Ml4;
11000 Nor Pao prior 4a,,,,. 95y
1H0OO do aen Sa. ......... UT
2S0OO do 4a , 9K'4
S7M0 Ore Short U ref 4s.,,, Iiati
7000 Ore A W It A N 4a... S8H
15IHH) Pao (las 5a, us'i
4000 Parino Tel Sa 101
2000 Pacino Coaat Bs, 101 .
4KH)0 Penna sen ct 4Ha.,..H)2
looo I'eo ai t ill ,,, m.
I'udiio trv pi j oa.... naa
VI i
103 V
Intrapcrpf 102M 10J 101M 102
JeaclTea 00 80 80 SO
KCFtS&Mpf 74 74M 74M 74M
Kan City Southorn 27 27M 20M 27M
Kelly Spring Tiro 78 78 78 78
Kcnnecott Copper KIM C3M C3M C3M
Lack Steel Co SOM 874 87 87
Lake Krlo West 22M 24M 23M 24M
Lake Erie & W pf 4CM 48 40M 47M
Loe Rubber Tire 30 41 30 30M
Lehigh Valley 84M 84M 84 84 u
Lone Island 34 33 33 33
Loose-Wiles Ulscult .... 20M 20 25 25
Louis 4 Nash 137M 137 137 137
MacaayCospf COM 00 GO 00
Maiwell Motors 89 89M 8'J 80M
Maiwcll Motors 1st pf . . 87 87 87 87
Maxwell Motors 2d or. . CSM COM C6M 65M
May Dcpt Stores 07 07 07 07
Mcx rctroloura 113 113 112 113
Mex Petroleum pf 00 08 03 08
Miami Copper 30M 30M 39M 30M
Minn a. St L new 32 33M 32M 33M
Minn St P & S 8 M....12SM 120M 124M 120M
Missouri Paclflc j 7M ' 7M 7M 7M
Missouri Tac tr cfs 7M 7M 7M 7M
Missouri Tac w 1 24M 24U 24M 24M
Missouri Pac pf w 1 G7H C7M C7M C7M
Mo Kan & Texas OM OM 0 OM
Mo Kan & Teias pf. ... 1GM 10 1CM 10
Montana Tower 00 07M 07M 07M
Nat Biscuit 128 127 127 127
NatEnam&SCo 20 J7 27 37
Nat Lead Co CO COM CO COM
rnn.AnF.r.PiiiA national iiank
Philadelphia. October 25. 1910.
The directors have this day declared a dividend
of eight per cent (87') for the last alx months,
free of tax. payable November 1 to Stockholdera
of record at the cloae of business October 31.
1010. Checks will be mailed.
HQltACKFOHTKSCUF:. Cashier.
'TIIK OIltAIlD NATIONAL IIANkT "
riilladolphla.. October IT, 1015.
The Directors hate this day declared a dividend
of eight per cent (8). free of tax. payable
November I, 1916. to stockholders of record at
the close of business October 20. Chicks will be
mailed.
JOSEPH WAYNE. Jr.. Prialdent.
niANKMN NATIONAL nANK
Philadelphia. October 2.1. 1016.
The directors have this day declared a semi
annual dividend of ten (107.) per rent, free of
tax. payable November 1. 1910. to atockholdera
of record at the close of buslneaa October 31.
Checks will be mailed.
jyvM.HAKUT, caahler.
TIIK SIXTH NATIONAL DANK
Philadelphia. October 21th. 1916.
The Dlrectora have thla day declared n aeml
annual dividend of Five per rent, payable No
vember 1st, 1910. to stockholders of record at
the close ot business October 21th, 1910.
Checks will be mailed.
WILLIAM BALTEn. Caahler.
02M
25
38
G8K
84M
OM
02
25
38
CSM
111
14M9 14M
40M 40M
02
25
33
58
37
100
39
73
105
25M
C3M
39M
100
30
73U
105
25M
C3M
iu
50000 Hep Ir ft Bt Sa ......10014
H M I-" S.1
Liyerpoeil Cotton
'.LIVERPOOL. Oct tt aint aoUon
H"B alaansnil today at uninangad prlosa.
! IImIm ..r II U r,.r An.ifi.a.i M.M..
Tha aalws sctrrusatuii Iii.uOU balsa,
UU bules Am. in. Jmi'.ftrf,
MiU Incrudins 13 00 i I r,V ' Amri
fsrwljia, uew due i l I i i I
Jul futuiei ' e-il I I
It M advievu w4
9J
was
.-Jl
tl w
2000
(1000 nt X, ft B T sen ct 4
470(H) ao in w I n
62000 da ajs w I HS
oooo da rid ct 3d sta 4s. 7S
21000 da gen ct 4a ..... 75H
TSOOO do Ser A w I .... 7QH
72000 do Ber II W I ...... 8S
10000 Rt Louis Swn 1st 4s. 80 ,
6000 South Hell 5a 101
4000 South Pao 4a ....... 88.
18000 da cv 4a b&i
20500 do rfd 4 02
loooo South Pae Term 6a... 8SK
21000 South Uwy sen 4a ...,7
29000 do con 6a 102U
10000 Texaa Co cv Sa
100
78
6a
HUH
78
400O Third Ave ref 4s
1000 To) Ht L A W 4a..,.
10(M MUh Power 6a . ...
8000 J) B H K R no. ,. .
24000 If B nealty 6a
1000 II H Rubber ..,..
S8000 II H BterJ 8 F 6s. , . .
000 U K of Q 11 A I 6s, . ,
Sfioa Union Pao lat 4a.,.
10S0 do cv 4; ,.,.,,,,.
nono do rfd 4s
SMMMl Un Kwya Inv 6s
3tao Va Car chm lat Sa..
6000 Va Rwy 6a .
fWabas 1st 6a .....
da 3d Ga ...... .
Wab-P T lat ct 4s,
Weat Blectrto.6e ,,
West CKm 4Hs ..
111.1 T
H5
106
NIW YORK BUTTER AND KGQS
rWTTH Retls.
t. ra.
ftJJMr.
ccs. UtfM; Sfjea- aTaitea,
Ml lulal!
Trkii aeaairallv
mm) cajertawia Varelv
I. o( TtpnyiT . arawn
V
PSlfi
Sttgar Futures Market
NEW YOiiat Oet. lirrTlw sugar future
maftut tais nrn4nef opsneel utHahad to
an ad-nn4 tof I polaU with a fair 4mmuI
,-r-m Kcsl t st'i sii1 Wall strsst sottroas.
utT i os l' "r w- nSuva iiuers'
ite MI sails 1M mw ws.s tiaWa to
JfsXt' ,
JA
N&tLcad Copf 114M 113M 113M H3M
Ner Con Cop 22M 22M 22M 22M
New York Air Brake.. ..157 158 1C8 158
New York Central 108M 108M 108M 108M
NYNII&II COM COM COM 60M
NYO&West -7M 27M 27M 27M
Norfolk Southern 1 25 25 "25
Norfolk & Western 142M 143 142M 142M
North American OOM 70 70 70
Northern Pacific 112M 112M 112 112
Ohio Cities Oas 84M 85 84M
Ontario Silver Mln OM OM OM
0ens Ilottlo Mach 03H
Pacino MaU 25M
Paclflc Tel A Tel 38M
Pt-nn Railroad 68
People's Oas Chi 111M HIM 111
Peoria & Eastern 14M 14M
Philadelphia Co 40M 40M
Pitta Coal c or dp 30M 30M
Pitts Coal pr c or dp,...10SM 109
Pitts Coal Co N J 37M 39
Pressed Steel Car 72M 73 M
Pressed steel car pr. . . . 104 105
Itav Con Copper M 25M
lly Steel Springs C3M C3M
Rr Steel Springs pf...,, 101 101M 101M 101M
Heading 109M HO 109M 109M
Republic Iron a 78M 70Jf 77 77M
bhat Ariz Cop 28M 20 20 20
Seaboard Air Un 10M 17 10M 17
Seaboard Air Line pf.... 38 33 33 33
Sears, Roebuck & Co. . .217 223 210M 223
Sloss-Shef 8 & 1 03 01 01 01
South Potto It Sug 225 225 225 225
South Porto It Sug pf...H5 117H H7M H7M
Southern Paclflc 101M 101K 101 101M
Southern Ry 28M 29 28M 28M
Southern Rypf.., GSM C8M 08M 08M
SUndard MUling 100 107H 100 107M
St Louis & S V w 1 10M 21M 20 21M
St LouU Southwest 22M 22M 22M 22 M
StudebaVerCo 133M 134H 133M 133M
StuU Motor 68H 68 08 08
Tenn Copper,.... , 23 22M 22M 22M
Texas Co 330M 231 230M 231
Texas Paclflc 12M 13M 12H 13
Third Avenue , C2M 60 63 60
Tobacco Products C314 6314 63 53
Tobacco Products pf. .. .J05 105 105 105
Twin City II T ., 07 OOM OOM OeM
Union Rag & Paper 10M 10M ISM 15M
Union Dag P new 103" 10iM 101M 101M
United Cigar Stores 101M 101M 101M 101M
United Fruit ,.162M 103 102M 162M
Union PacUlc )S2M 152M 152 162M
UaOIP&F 25 26M 24M 25
U 8 0 1 I 4 V pf, 67M COM C7M COM
U Bind Alcohol. ..,. ..137 140 130 140
U 8 Ind Alcohol pf. . .100 103 10J 103
US Rubber.... COM fllM COM 01M
UB Rubber lit pf.... .HIM HIM HOM 110M
UHbfsR&M 73M 724i V72M 72M
USBK&Mpt.. MM C1M 61M 51H
U S Steel Corp'n 110 110H H7M H7M
U 8 MM Corp'n pf,....121M 121M 121M 121M
Utaa Co..,,., 101 101 Wi WH
Utah SeeutHles., ........ 17M 19M 18 10s
Va-Carc Cfcew, ..,.,., 4ft 47M 4SM 4M(
Va Irsa Coal & 0 44) 40 443 44)
Wibaaa.,,.1 1M lMi 14M 1U(
WatatbWA ..MM S(K 67 ATM
WabattiKB 0K 31 am vk
WtJ laolbp....lM 132 133 1M
WsHwn UstosTel mH 108 102M 1UM
Wast K AM..,,. , 63M UH
Waststn Msrytaad 30 H
WhstsMottv., ,.., tH HTH
VklMislALaMlMs...... 3K SH
Wleasl ItLK lstW..,. 6 S
Wfcee. L JOd p,.,,. 3M SH
WU'M Oyatlaad ........ 44 ASK
VOrylMMaf...,..l04 MUH
r W ,4( Mt)
The Bank
of Service
Organized
1807
Howard W. Lewis
President
Edward Stotesbury Lewis
Cashier
G. II. Millett
Assistant Cashier
John Schlagle
Assistant Cashier
Farmers and Mechanics
National Bank
427 Chestnut Street
Sales in Philadelfhia J
Hlf. Low.
to Alliance In tovt toit
IS Am Oas ..110H ItOH
If Am ys pt H
60 Bald Loc. St
0 D A S t 0. S
15 do pref. 6W
4110 C n I & P V
40 Drill JO.. SS
too cub c sue ix
III Cam Steel. lis
log nico Stor. SO
10 Erie Vs
SSO I.k Hup C. 14
to Leh Nav.. 7Hfc
10S Leh Valley R4H
SOS Penna It It SflU
10 Pa Salt M. 9ttt
IBIS Phlla nieo. 20
00 P n T t o 194
no Pitts etc snA
HO neadlnR..100H 10S4 loa s
SS Tex A Pao 11 1IH 1H 1H
17S Ton Ilel .. 4 4 4 Mi
910 Ton Mln .. (I A A .....
100 U 8 Ind A1.144 144 141 1
117 UnTrao .. 4SW Stt 48U V
681 U Q I ... 00"4 POVi D0V V
110 V B Steel. HOM H" ""Mi
10 W Jer A S3 no so SO
75 York Ry.. is?; ISM 1SV .....
Cz dividend.
S4
1T4
B04
XSlfc
IS
It
its
sh
IH
14
7SH
m4
bsk
00 t
ioh
IS
Met
Clee. efcse.
IOH ..
ItOH
8 V
84
!
bom ty
I4U 1Y
IS t
71 W
IIS
so W
SH H
14 H
7HH
SS"4 1
say.
ooh H
to
10
ISM)
noxri",
Illsh. Low.
11000 D Ii 1st E.I. 1 OS 10S
1000 Kdls Kl ES.100U 100
1000 L V Ren 4s 01 M, 01',4
4000 Phlla Kl 4s SOU SO
Net
chae.
Close,
105 ...
100H ...
OtM)
BSMj I
do 5s..,.105Tfc 10S14 103T4 M
1000
X000 Read gn 4s 00 OS
S000 do Imp 4s 08
10000 U n Inv Ss It It
1000 Wets Co Bs 00 00
J000 York lly 1 5s 08 08
00
08 ...
71
00
98 ..,
M.
NEW YORK COFFEE MARKET
NCW YORK, Oct 25. The market for
coffee futures opened 2 points lower on
near positions and 4 points higher on the
distant months. Trading on the call wns
active, first sales totaling 19,500 bags.
Oetobei
Noveml
Di
r ..
i ber
Todar-a
openlnr.
Yeaterdajra
close.
ft.70O8.7S
ROP.iT TRT.ANn ADVANCES SEVEN POINT.
IN TRADING ON LOCAL EXCHASg
Demand Lifts Price From the OpeningCambria St.-
Jt1 alls ren romts, duu ivecovcrs ah or
Loss in Afternoon
Chicago Hock Island and raclfto stock
furnlahed the feature In the tradlnr onthe
Philadelphia Stock Exchanre today. That
stock was In good demand from the open
ing and by mldsfternoon It showed an ad
vance of a fraction more than 7 points.
The upward movement hero was In repori"
to New York. In all more than 4100 shsres
were sold
Next In line of activity was United
States Steel common. The turnover In
that stock was a little more than 2200
shares. After holding a fraction above the
close of yesterday through the morning, the
stock sold unchanged late In the dny.
Cambria Steel dropped 10 points to 125,
There Is a very small amount of this stock
on the market, so that wide movements In
the price can bs expected. On the other
Extra Dividend for American Brass
NEW YORK, Oct 25. The directors of
the American Brass Company have declared
the regular quarterly dividend of IM per
cent, payable November 15 to holders of
record October 11, nnd an extra dividend
of 1V4 per cent, payable on the same date.
In addition, an extra dividend of & per cent.,
payable December 20 to stock ot record
November 30, has been declared.
tieni TkiieTalM m:A a,.. .
rose to the best price of the y""J 22
1!,, again of 1. In the a.oe?JS?
brla recovered all of the loss. n C
Price movement wr ., ..
out the list as a whole. There wi.TSt 1
...,, ...u j., ,i.o uuiiik carried un a JT
sited fractloa While this was taT!
the company's 4 per cent bonds esmT "
on he tape at a loss of JH polnUsjTeI
pared with th last previous wis. "" i
Philadelphia Itapld Transit truti Mews,
cates moved up a little. It was lesrneli iT
day that the earnings on last SaturdartZ:
the largest In the history of the comelll?
Tho earnings of the month to date Vw'"
aversge increase or ,6600 compare; .iT
October of last year. n "
erember s.enrts.in
January 8.03W8.76
reuruary ..
March
April .,,.......
May
Juno ......
July
Keptember 0.1009.12
8.71)38.80
8.80
8.1)108.02
b'.bsoo.oi
8.701
8.721
H.74I
R.7HI
R.82I
8.87i
S.VI
N.nsi
8.PI)i
B.03
0.031
?8.7
fH.72
(8.70
fH.HO
P8.83
P8.S8
en iij
8 07
PI). 112
(11.0
r0.07
Free of all Taxes in tho
United States
Philippine Government
4's
Int May, June, Sept. & Dec.
Due Dec, 1946
Free of all Taxes in
e Pennsylvania
Lackawanna County, Pa.
4's
Int. Mar. & Sept
Due Sept, 1946
Full particulars on request for
Circular P. I 63.
TheNationalCity
Company
1421 Chestnut St, Philadelphia
New York Pittsburgh Boston
We recommend and offer subject
to sale aa
A Conservative Investment
The First Mortgage Bonds of a
Steam Railroad in Pennsylvania
whose net earnings for this year
exceed three times its interest
charges.
The company maintains a lib
eral sinking fund, and pays divi
dends on its preferred and com
mon stocks.
Price, at Market, to yield over 6
Free of Pennsylvania State and
' normal Federal Income Taxes.
Circular on Amplication
Edward B.Smith &Co
EsTiusniD 1801.
BANKERS
Uemlrrri tfno York and
PMIarfelpMa Stock Exchanpel
1411 CnssTNDT St., PBiUDtxrnu
80 1'ISS 8T1HT Nw Yoik
Steel Alloys Corporation
(Molybdenum)
Actively traded in on N. Y. Curb
I hare lust returned from a per
sonal Inspection of the Company's
Kropertles at llenfrew. Ontario, and
are prepared n apeclal letter on
same which shows why this security
should sell at much higher levels In
the Immediate future.
Copy will be mailed on request.
TTrils Sept. M. I
E. H. CLARKE
Investment Securities
27 Win. St Phone Broad 30S3, Mew York
Draneh Office, Kinney Dlds.,
Newark, N. J.
BUY SELL
PORT LOBOS
PETROLEUM
OLD & NEW STOCK
CARL H.PFORZHEIMER&CO,
Dealers In Standard Oil Securities.
t'boaea. 4884 1-Vt-e Broad. SS Bread BU.K.T.
Th Largest
SILVER MINE
In the World
nirioinu the cobsit Dutnct. h,
bees ProBtlas from the ImproTemeat
the sltrer sttustten. It his heea ptftsf
dlrldends for 10 Jeers, ths prreeat lift,
dend rstt belar 28e a shsre qatrttrlr.
and from tlmt to tlms It has paid n.
tra dlrdends.
EARNINGS steSSWJ
SBd authorities srree that UlriRSWOS
rrndoction of sllrer shenld Pontine va.
shsted for xesrs. The peislhllltlH la
Ml'ISSINn. In Ttew et the probability
of the renicmetltatlos et sllrer, era
worthy of carefol cosilderatlos,
send for Special Analytical
Ileport Use the coupon.
' "
JOXBB 4 B1KKR.
Otnllemmt I saafi It !d le reeeeei
yoar tpreist anelyrtoal retort m lis
pHMUHe is MVIBB1SO.
Yesee
Attn .........i ,
116-T. O.
JONES & BAKER
STOCK BROKERS
WidiwBIdg.,PhiUdc!phU
Bell, Walnat H90-1.
Keystone, Usee 2290.
Direct Private Vttnt.
JTew Tork Boaton
Chlcaco Pittsburg
"Xethtno Betl ItMt Service"
D1RBCTOBY OF ACCOCNTAJfTS
1
Ccrtlfled l'ubllo Aeconntanta
UA.WRENCE K. BHOWM CO.
11S KKAL, ESTXTJi TUU8T UU1UDM
$11,000,000.00 In Orders for Harroun Cars
HARROUN MOTORS
Corporation
Incorporated in Delaware
Capital, 1,000.000 shares. All Common. 1'ar Value ot S10 each.
Full Paid and Non-Assessable
Company has no Preferred Stock, Bonds or other
issue of securities
Manufacturlns Flant Located at Wayne, near Detroit, MIchlran
TRANSFER AGENT
Security Transfer & Registrar Co.
.nA.w.
ucruouuKi
The Equitable Truit Co.
New York
REGISTRAR
Tha Equitable Trust Co
New York
83W
MM
a
IK
mi
mi
MM
Mi
AA AA '
isair
Virginian Railway Co.
FIRST MORTGAGE FIFTY-YEAR 5 Per Cent.
GOLD 10NDS, SERIES "A"
Authorized 78,OOO,0OO , Outstsndlno $29,600,000
Dsted May 1, 1112 Due May 1, 1962
Coupon Bonds 11000, ISOO and f 100 each
Interest paid without dsduotlon of Normal Federal Income Tax
THE FARMERS LOAN A TRUST CO., NEW YORK, Trustee
7Ae Mlowing normation from official or other scarce believed fry
us to be reliable, but it not guaranteed.
PROPERTY Tho Virginian Railway extends from
tha Pocahontas and New River coal fields to Sewall's
Point, on Hampton Roads, near Norfolk, Va., and was
constructed in accordance with the most modern and
approved standards to carry coal to tidewater at a min
imura cost. THE AVERAGE TON MILE PER TRAIN
MILE MOVEMENT ON THE VIRGINIAN IS GREATER
THAN THAT ON ANY OTHER RAILROAD REPORT
ING TO THE INTERSTATE COMMERCE COM
MISSION. SECURITY These bonds are secured by direct
first mortgage on 441 miles of main line and 29 iniles
of branches and upon equipment and other valuable
property. After deducting- the cost of equipment and
other property these bonds are outstanding at the rate
of only $36,400 per mile.
EQUITY Cash cost of company's property ha
been over $54,800,000, or over 525,000,000 in excess
of the par value of these bends outstanding. r
EARNINGS Tar the year ended June 30, 1B16,
net 'earnings reported equal two and a quarter times
interest eharges en bonds outstanding.
Listed an the New York SUk Exchange
MANAGEMENT
JOHN GUY MONIHAN
Formerly Vice-Prea. A Gen"l.
Mar. Marlon Motor Co.. Di
rector of Sales ot Cole Motor
Co. and Premier Motors.
RAY HARROUN
Formerly Chief Engineer Max
well Motor Co. and Nordyko
A Marmon Co.. International
Bpeedway Champion.
JOHN P. PLATH
Formerly Qen'l. Balea Mrr.
Maxwell Motor Co.
F. A. VOLLBRECHT
Formerly Secretary Trees, and
Oen'l Mar. Klnar Motor Car
Co.. Prea.. Novell Wheel Co.
GEO. G. WORTHLEY
Formerly Pros. A Treas. the
Fairbanks Co., Mfra. Fairbanks
8calea,
R. WARD MACY
Formerly Sales Mst. Premier
Motor Mff. Co.: also with Ford
and Franklin Cos.
PAUL HALE BRUSKE
Formerly Adv. Mrr. Maxwell
Motor Cq. and Studebaker Corp.
H. O. BERNHARDT
Formerly Production Msr.Plerce.
Arrow Motor Car Co.. Pariah
Mfs. Co. and Sheldon Axle Co.
PETER HACQUEBART
Formerly Construction Enslneer
Maxwell Motor Co.
LEWIS HOPKINS
ROGERS
Attorney-at-Law. New Tork
City, and othera equally prora
. Inent In the automobile world.
The "Harroun" car is the last word
in motor construction, and is the
FIRST car to be largely built of
pressed steelwhich is safer, more dura
ble, lighter and cheaper than cast iron,
malleable iron or bronze castings.
The best-posted automobile experts
the automobile dealers have been so
well impressed with the Harroun car,
selling at $595, fully equipped, that ap
plications for cars have been received,
far in excess of the Company's present
manufacturing capacity.
The output for the fiscal year 1917
1918 will be 25,000 cars, which, accord
ing to careful estimates, will yield a net
profit of $125 per car, or a total ot
$3,125,000, equal to 3134 on the total
capitalization of the company figured at
par, or 62 per cent on the investment
Jt the present initial price of $5.00 per
share.
Applications for Shares, at $5.00, Par
Value $10.00, accepted until midnight
October 31, 1916. j
Elwell, Naulty & Co.
INVESTMENT SECURITIES
Stock Exchange Building, Philadelphia
riLI. OUT couroN AND MAIL TODAI
Lr-10-25.
. ELWE1X. NATOTY CO.
Stock Kichanie Ilalldlnil
riease aend me further particulars about
Harroun Motora.
X may Invest ...,,,................
Name ................,.......,,,.
Address
EXWEIX. NATJLTT A CO. fc-10-JS.
Slock Eiehanje Bnlldtnsi
Enclosed nnd t In full payment fey
aharea of Capital Stock of .Harrow)
Motora at is par snare tpar vaiue tiw.
fully paid and non-aestssable.
Ne.mo ....,......,................
Address ,
L
PrlM At Market, Yielding Ow $ Per Cw-t-
(Hretiear e KiimK,
MttTMMEIY. CLITWEI t TYLEI
UNION BANK
mrrvnmm
WALL ITIT
HW YOeiK
1M.1M 6. 4th T.
PHILA,
Brown Brothers & Co,
fbtnrns and Chwitovt Struts
PHILADELPHIA
Securities and Income
We take charge of securities and collect incomes for per-.,
sons desiring to be relieved of such details, crediting an
account subject to check er remitting amounts collected.
W
m
ill
Graham .3c Co,
BANKERS
SU f L.aflir
PAMHAuLale.UA JU'Asai UsBeU
WWVjfvrTC HnW wwr
CemeWdaUd Mertege (Stanieed)
BeiHle due (
PriM MM and lnUft -YMtt
lMt 4et7
frii tf Tmutfmb tttate T
Dilill Iff Bl