j W;
V
f
EVENING LEDGEEr-PHltADELHlA, THURSDAT, OCTOBER ft. 1916
I
FINANCIAL NEWS
rttfTIONS. MIXED IN STOCK MARKET; .
POLITICS USED FOR HEAVY SELLING
;jlto Are Active on Both Bull and Bear Side Throughout
Day Rock Island Is Under Pressure, but
Recovers From Low .
High Points in Today's Financial News
FaaU active in stock market, both on bull and bear aide. The tnaioritil
sekkt went off in the morning, but recovered in the afternoon. Grain and
ton irregular, Vienna exchange at new low level. $2,600,000 more gold
milved in New York from Canadat with a shipment of $10,000,000 direct to
rtoadelphia from Canada. New liritieh loan of $300,000,000, backed by
j&WfiOOfiOO collateral, announced. Price of bar silver unchanged.
. . , Ni:V YOllK, Oct. 26.
wOndltlon8 In tho titock market today -worn decidedly mixed I'ooln nnd iol
Mea -ero tho main fftctorn and tho spccultitlvo olemont which Is now In the
'nMktfcet was uncertain an to what position to tnko. In nomo Btockn palltlcfl wiu
, IvMstit forward as tho reason for tiKgrcHMvo Helling and tho majority of lusuos
la Um forenoon suitalned locn rnnRliiK from 1 to 2 points, but at tho same time
ptVia wero actlvo In many Issue. Including various of tho low-priced railway
Mhreff. They had llttlo trouble In rulvnncliiK a number of stockH, llko Chicago
jtt Western preferred, MlnncapollH and St. IouIh and Ipko Krlo nnd Western
Wtmtut
The pools, however, wero not nil nt work tin the null side. It wns eurrvnt.
gMnip that ngKrcssIvo benr pooM wero nt work In Cruclblo Steel, Ilnldwln Iico
wmlve nnd International Nickel. Ktir moro than half tho day tho pools nnd
tfders had tho market to themselves.
Pressure BBalnsl Uock Island, which waiPn RtroriR liwuo ycsterilay, mado tlmt
Seek tlcctfna moro than 4 points, but there wns renewed accumulation in antic
atlon of the .publication of tho plan of rcurRunlnatlon nnd most of tho early
)om was regained In tho lato trading.
Tho bond market wns loss actlvo today, with, prices gSnornlly showing n
'moderate shading off due to a great extent to tho devotion of interest to arrange
inert ts for subscriptions to tho new Kngllsh $300,000,000 loan. Southern Railway
'4s wero strong, moving up from 7GV4 to 77, Third Avenue Bh declined from
77 S to 77. The Hock Island Issues wero heavily traded In at fractional (la
ctones from yesterday's high level.
PHILADELPHIA ELECTRIC IS ACTIVE;
NET EARNINGS AHEAD OP LAST YEAR
In tho trading on tho Philadelphia Stock Kxchnngo today Philadelphia Klec
trie was tho most actlvo of the distinctly local Issues. During the morning tho
took got up to 29H, which' equals tho high prlco of tho year, but from this point
thero wns a reaction to below tho final of yesterday. Hy 2 o'clock more than 2800
shares had been bought and Bold. Tho stock was tho most nctlvo throughout the
cession,
Tho Street heard today that for tho nino months ending September 30 tho
company earned $2,137,000 not. This is after tho deduction of operating expenses
and fixed charges, and compares with $1,711,000 In tho corresponding period of
last year, an increase of $420,000. This wns very encouraging to tho Street nnd
this, udded to tho belief that tho rcDnnncingtplan will bo consummated shortly,
furnished a reason for tho activity of tho stock.
For the greater part of the day United Gas Improvement held Arm, but
In the afternoon It lost a quarter. Tho turnover In tho stock was small. It wns
learned that tho company has sold some bonds which wero held In the treas
ury. This was dono In order to cover tho subscription to its share in tho new
$1,000,000 stock issue of tho Public Servico Corporation of Now Jersey. Tho
bonds Bold were $1,182,000 Counties Cns nnd niectric Company general mortgages
and $884,000 Allentown-Bcthlchcm Company general mortgage Bs.
NEW YORK STOCK SALES
Sales In Philadelphia
iMrh Ixw CI. cn
10 Atchison loitt loitt toilfc W
10 Am C A V I7H M H J4
100 llsld hoco. mi "W ""K T'S
0 11 AS t 0 pf 6 0 0 U
DO Crucible 8. n 0 W H
40 Cm rjtcel.iss 138 l
sio CKI ! t IK "J -r1
loo Chlo at W 14 14 14H H
87 Bloc Stor. 80 ASH
loo Uen A II a t
ID InsCoN A S7N ' '
B0 lntplr Cop ett 4 Wi
015 Lk 8up C, 14H 14 "Mi
100 Ih Nav 7 1 7
l.l I.eh Vsllfy dM. "W
L V Tr pf 4J 4S 4
200 Mex Pot 110 110V4 HOW
soo Nov Cons, ! V
IP7 l'enn K It SHV4 8 "
10 Vk Halt M 0i 00 0
.10 Phlla Co IIH 41W 41Mi
J0I0 l'hlla ICIcc 9H 0U
870 PUT tr c-fs 1U 10H IBWi
(1 Phlla True 80 80 80
SBO Pitts CI t c 4ttt SOtt tb
00 llay Cons. S1f. S8?. 8H
80 Hep Ir A H 78 78 78
70 Heading... 108 107 108
Its Ton Hel. 4 !! 4 4
400 Ton Mln.. 0
120 U (1 I ... DflVi . "W.
840 U H 8lecl..M8 117U H8
ion Utah Cop Kil 101 101
300 Wnr I&S. . 0"i u
IKIMIS
JII41. Iiw. Lloso.
IBOno A tl&K 6h. ill II0V4 V4
8000 11 1. 1st ts.lul',4 104 Vi 104 V4
1000 C T NJ Bs.lOiMi 1IUV4 1S'A
3311(1 VAV Tr 4b Hi 81 81
BOO I'll ldeo 4s l 88 86 V4
30(1 d, 6h . 105 108 105 It,
81100 P II & W
4h 194.1.. UU',4 00 0Vi
7000 Head gn 4s V5!fc UXM, US
8000 U U Inv Bh 7.1 7.1 13
1000 Wcls Co Bh OOVi OUU 00U
looo YHy 1st 6a 08 08 us
a
M
VI
Vi
1
Nol
V4
i4
f 1
V,
Local Bid and Asked
nrill J o
HultHlu A Huml t c
da vrpf
llalilwln
Klevlrlo Htoraiin
(Icni'riil Aiiult
ilci prrf
Kryitune TfltphonB .
tin t u
do irc(
Lake clup Curp
IrfhlKh Suv
Lehlnh Vlly
ln VI 'lr
do rref
Pf nna
1'hlltt i:ii-o
l'hlla Co ...
do 8 p?r cent pref..
do O it icnt pref
I'nuu ji i i
KeadlliK I.luaS
Toiluy'ii
Hid. Axki-il.
. a: :w
. Ill II'-
llll
h.l
II'.IU
a i
l-M
1.1
1.1
111
K!t
7i
h:i
;m
43 H
r.nvi
41
3M
rj
10HH
Yesterday's
Hid Ankiiil.
B'l
b.lj
lltVn
ild
12 'i
I-",
H7
14
7K
03 'i
-J I
43
r.s
411
311
41
lUtt
an
HI
bi
M'
131 (l
71S
13
l-JVi
1.7
14
7N
3i
Jl
43
BH
.'U'i
40 7
38
41
lllfi
37
8'JU
B4S
MUU
1.
73i4
13
13
lid
US
7
84
-'1
43
88'
41
8S
4J
IVK
1U8V
KAILKOAD EARNINGS
UALTlMOnK AND OHIO
mm
Bert, operating rev....ll0.M0,s4s
Sept. oiwrallmt P" 7.J08.0W
Net revtnun 3.3U.7W3
rnrco montna' upr. rev . 8l.alu,B7
Operatlnff cxpensa .l.Dai.UNU
Nil upiatlnit n-vnu. Ii,il7.tl98
CimSAl'UAKB AND OHIO
Third wk October ... , R52-?,2i
From July 1 1B.U7B.045
DUFFAIX). HOCllBSTKH AND riTTBHUllUU
Third week October ... I24L'.092 J12.837
MISBOUni. 1CANHAH AND TEXAS
Third week October ... , IM7.H01 1224.889
From July 1 12.1U7.22U 2.445.1BU
l3ecreaae.
Increaaa
1NUS.O.JU
778. UUll
11V.KU
8.6H2.858
8,S7U.HS4
I'.DOt
107,811
887,227
Xxat Close,
nil
HlKh. Low. Cloie.
IMH. 00H (i(J5i
Oilf
IS
".'5)4
t2
Mf
07((
17
35 '
12H
.a i
82W
Mil
07 J i
mil
31
12H
82
80V
.HMt,' 10 Hi VXli 102)i
Acme Tea. ,
Aeaie Tea pf . 07lf
AdtRuracly 15
Mr Kumrly pf 35
AltaGoIJ M 12'
AUkf Chalmers Mf 25
AHH Chalmers Ml; pf. . HVi
An Ac Chemical 80J
An Ueet bucar.
Am Can ,,.fC CAH'tMl 01M
.An Car & Vdr-.-4.i.. 07!( OS 117 071f
Amcottooou ,.. !r,, nan u:,m tax
. AmKiprea 133 13:i 13.3 133j
Am Hklo & Leather..... 10H 10!i .rM 10)i
Amlllde&Lpf ca Ci 08ii 0SH
' Am Ice Sccurltias 28U 28) i 28 28
Am Unseed , iM'T 25H 25 25
Am Unseed pf 57H 67K 67 C7!i
Am Locomotive SOU Mix ,1) SOU
Am Smelt 4 Ild HOli lh.if 10'J I10U
Am Bmelt & llet pf, ....117K lllj;a 10S IlDh'
Am Smelt pf A.. ..,.,.. 00Vi U7' UO'i U7U
Am Meel Foundries.,... C2W ol'i (11 H 01K
Am Sugar Iterinlaz 122U 123H 120)a 122!i
Am Tel & Tel 133 133 1.13' 133
Am Tobacco.. .......225W 2251f 225W 225
AmTobpfnev.. 103 '108 108 108
Am Woolen 5.'),' 52 51 Ci
Am Woolen pf 03 OS OS 08
AmWminxl'pf -mi 40li 45K 4tM
AmZlnaLASm 47 46M 47 48
Anaconda Cop M 1I3U U4H )Ml 04!$
AkhTopiSK 107! 107U 107M 107
AkhT&SKpr, 1O0J, 101 lOOJi lOOjg
AU Coast Lin 121 120;j VMi VMi
AUGulf&WI 05), USX 04)( 04),
HaM Loco Works 84 ) 83H b2 83H
Mt&OMo 88M 8SH KSH K8)i
fUrrett Co 158)i 1Q1M 159M 101)j
IMUebem Steel 015 012 00J 012
wkljn IUP Tr 83J S3H 83,' 83!.
atoati Terminal Ill HI 111 111
Itatta & Superior U4), nsw Mil 05
aunl'aclllc 170)t 175H 17i) I74)i
rtral Leatitr UMi Mli OOU 01)
er Motor 100 105 104X 104H
qwtsumo ob)i os) aih us),
. C0ago Great West. ... 11 15 14 15
CW Great West pf 41H 41. 42H 445 J
OW Mil & St I pf 12 120)i 120U l'-'tW
OOO&StL 00 02 01H 01)j
OMttlaental Can 102 103 101X103
CM H 1 Fae 34)( 33) MM 32
IWQas&Blec, 30U 37 30)(
i Copper -J3 23U 22)(
Copper 58)1 50 5714
VueT&Iron 63)4 KM 62)1
l8ouUiern 31 30)i 35
dated Qas 140 140 110
HM U K L, & t' UM....I22H 1L'4U 123
. CWa PwdUCU Hef 17.M17a 17
.4JaW Fred pf.
eeW Steel.. .....
4nrMH(o Steel pf .. ,
MNM-Aai Sugar....
0a Case Sugar , ,,
0U Caa Sujsr pf, ,
Btmr a Kio ur
ODi 02
80), b7
.121H 121
.222
23
02
85),
121
37
23
68K
53
30
140
12 M
17)i
02
87
121
220
72 ,
08) (
23X
40)f
220 225
73X 71
18( I0
23)( 21H
50 40(1
147M 147H 147H
4H)( 40)4' 40)S
0
12W
38)i
53
4(1
mi
0
13f
MH
53)(
40
47) i
0
12X
38),
53),
4o
47)1
hm&woatpi 61)1
MfOit Sdlson. 146
nathltttsCorp'o.. . 4o)
O 8 ft All . .0
; S & AU pf. . . , 12
- J8i
Witfw, . 53
jf , , ... 45
i w A w 8
Klectrle... 183)1 181)1 183! 183)1
I Motors .835 835 835 835
(UjMni Motors pf. . . 120 120 120 120
4Ml4sia'MV TMl 73), 73)X 73),
Uwt Mwtbern pf 118H 118) i 118), I18)i
41 (T tHtot ore prop, .. 43)f 43)f 43 43
MHMt OJ Cl.'i 50 Mil
Sta.1,, ..... 05)i 05 05 05
.108), 10K 108K 108)4
Ci).... 05 65))' 04) 05)i
IPX..... 49 ' 40 40 40
Ki- 110)f 117 117 117
i Car v t csn... 17)1 17lf 17M 17)f
LCop'opf 73 73W 73). 73)1
48)1 50)1 48M 401
W lUlii 102
r tcff.,,,.. 60)1 C0;(
Leaf dp 40 40H
t Keo4-dp....ll4;i US
'fewUtMO .27)1 28)(
8kMtufa pj , . wh
Hm Itw , 77
3)1
r..,...130 11)1 12UU lvui
UV..i,..t... 07 5UH 07
w,...,. jj aeti 26
WK. 40 52U 0)1
TW, ....... 411
rArtf W-i
i H.....-121
00)1
78)1
53)i
100)1 10191
4W, 50)1
SOH 40
114 115
27W 28
00)1 00)1
78) 78)1
53 63H
v
at ,. -
Mton lt.. 8f
M)W
ttl
S2)J
0
wo
'
87
190
24)1
1M
bSJl
1
80
21)1
5J
81
120
24)1
134
b8)(
87
4-Ji HUH luUlt 100M
3i) .Ivil 3 3JJ1
Mil
04)1 34!
IaHM'.
ct' PH
I
'
Iaat cloae.
Mo Kan A. Tcia 7)j
Mo Kan & Texas pf. ... 10
Montana Poer 07M
Montana loer pf 117
Nat liivrwt 127
Nat Cloak & Suit pf.
Nat Lead Co
Nat Lead Co pf
Nov Con Cop
New York Air Drake.
Now Yoik Central...,
N VX1I 1 11... ..
NYO & West
Norfolk & Wntern 141!1
iertn American 70
NortLern l'aclilc 112
Ohio Cities Gai mi
Ontario Silver Mln 0!(
Pacific Mall 25)j
raclflo Tel & Tel pf 08
IVnn Itallroad 58
PhUadelpUla Co 40Tj
Pitts Coal cot dp 30)1
Pitts Coal pf c of dn....l00U 110
1'fevwd Steel Car 7IH 72j
Pressed Steel Car pf. . . .105 .105
Pub S Corp'n N J 130'1 132
Hay Con Copper .'5 25J1
Ily Steel Springs 52) i 62)1
neadlne, uS)i 10S),'
Headlns 1st pf 43), 13)4,
Heading 2d pf 40 40
Hepubllc Iron ft 8 78 78J1
110
. 0S)1
.113
. 22H
.158
.108
. 00)1
-7H 281
142
0J
112
S4)f
0)1
25)1
00U
68) i
401
42)1
Low. Cloae.
7)5 8)1
20M 2 m
08 08
110 119
127 127
112)1 112H
U8W G8)i
113 113
22M
HlKh.
811
24
08)1
110
127
112W
0SH
113
22)1
158 153 158
108)1 107)1 108H
00H 00"! 00)1
28 28
140)1 HUH
GO 00
111)1 111H
8i ai
0' 0)1
25)1
00)i
57)1
40)1
39)1
110
71H
105
25)1
00)1
68
40)1
42)1
110
72H
105
Itepubllc Iron & S pf
Seaboard Air Line. . . .
Seaboard Air Line pf . .
Sears, Itoebuck & Co.
Shat Ariz Cop
bloiS-Shef 8 & 1.
131)1 132
25)1 25!!
61)1 52!!
107)1 108H
43)$ 43)1
40 40
77' ( 77)1
112) 113)1 113
. 17 17)1 17
. 33 40)1 30
.223)1 225 221)1
. 28)1 28.' 28)1
01 02 01)1
113
17)1
30M
221)1
-8H
02
southern I'aclflc 101)1 101)1 100J1 100J1
bouthcrn Hy 281 28J1 28', 28J1
Southern Ity pf C7M 07H 07)1 07)1
Standard Milling 100 104)1 1031 103)1
M Louis & 8 F w I 'J2)f 22)1 21)1 21)j
oi imuu rwuinwcst S-'i 21 23 23
St Louis South est pf... 47)1 47 47 47
btudebaker Co 133 133 1321(132)1
07 . 07)t 07M 07H
22)1 23)1 23 23M
22HK 22SVf 227 W 521
Teaas Pacific , 14 10)1 14)1 16J1
Third Avenue 63), &1 5:i)i 53)1
Tobacco Prolucts 63 53)$ 62 63M
TolBtL&Wiat 7 0 8)1 8)4
unuer lypewruer uu liw juu im
Union Mac & Paper 15)1 15)1 14)1 15
Stutz Motor.
Tenn Copper.
Jnas Co.
Union lias 1 new
United Cigar Stores. .
United Fruit
Union Pacific
USO I I& F
U8C I P AFpf...
USInd Alcohol
United Hys Ins ,
United Hjra Inv pf.
102 102)1 101 101
.101 101 100)1 101
.101)1 1(12)1 101 10 Hi
.151 161)1 ISOK 150)1
. 24)1 25)i 24 H 2
. 50!1 Gl rwi 01
.144)1 145!! 142H 1441!
. U 0)1 0)1 OX
21 !k21,j:2IJi 21)1
u b itubtier no no)4 no uiu
U 8 llubbor lit pf 1UM HOH 11011 110)1
UH 8m It AM 7211 71)1 71)1 71"
UB Steel Corp'n 117)1 118)1 117) 118)1
U 8 Steel Corp'n pf 121)( 121J 121)1 12l)f
uiau ioppur UU)f. 102)1
Utah Securities 10)1 10K
Va-Caro Chem 40 40)1
Va Iron Coal &0 40 61)1
rtauasn., 10)1
Wabash pf A 60)1
Wabash pf li ,,.,. 30)(
Wells Fargo Ezp 132
West K & M 04
Western Maryland 29),
Western Union Tel 103
Whlta Motor 60
Wheel & Lue Krla 2)!
Wheel &LK lit pf.... 6
Wheel & L K 2d pf 2)1
WU'jti Overland 45 45J! 44)L 44)!
Willys Overland pf 103), 103) 103M 103H
nuuiwuuu r 14VH 1U 140 140
15) J
6)!
30 J i
VJ iui,
10 10
40 40W
48 51)1
15)1 15)1
50)1 50i
30)4 30)1
1304 132)1 130
04)1 03)1 01
30)1 30 30
103)1 103 103!!
0 55 65)1
3)1 3)1 3)1
751 U 7i
4 -U 4
1)!VII)I'.NI)S
Offlf. of
HAltltlHON UKOS. CO.. INC.
. .. . Of'ob.r iftth, 1016.
Tha Hoard of Director, In miatlnc ha, thla
day declared a rexular quarterly dlvtand on th.
outatandlns I'redrraa 8lp.k of thla company, of
ana and tbreMaartera par rant 1(1.781. payable
eiiibrr lat. IKId, to atockhoiditrs v record
October Soth, JtllU.
tflf tirrf,n.BD
Wit.
Traati till rata
THK I'UILAIlBmiTX NATIolfAlTBANItr"
l'nlladaluhla. Octnhar 'JA liiltl
Tb Director, have thla day declared a divi
dend ot ell lit oer cent (8) (or tha laat all
aaontha. (roe, o( lax,, payable November lit', to
a4ockhoI4tri ot record at the cluee of bualnaaa
October Slat. lolo.
Check will be nulled.
UWAl.E TOtTBBCUlB. Ca,hlr.
NATIONAL BANK
Ipbla, .October 38. 1818.
KBANI
CLIN
lam;
TKa dlreciort nave mie aay dlarH ..,.
....! i1IM.bJ nt tfan HIIkE . r " .T? ra...
a,iiiua, v..tM.. . ." .W7, ,
las. payable November 1,
of record at (I" vkM ( bu
Clink, will be waned.
J. V, HA HOT, raafclar.
,H wtaaau JVAllUMAL, IJAJSak,
L.'fb?r..J
a i
ectoTt have tola day declared a aaml.
yfdeed ot it a U5f Per V.ut. ttl. it
bie KaveaaW i ftuTtq atockholde?.
" 111 la" ttSi '' October 81,
Standard Mortgage Bonds
To yield from 4.30 toover.6
Short-Term Securities
To yield between 5 and 6
It is our purpose to have
always on hand adequate
and diversified lists of the
highest grade investment
securities. We invite re
quests for circulars.
eWIarR$go.
UANKF.US
(F.fttabllBhtd 1837)
M?mtcra Philadelphia. New York
and ChlcaifO Stock Exchange
321 Chestnut Street
Philadelphia, Pa.
rittabursb
lloaton
Chicago
Wllkea-narre
lteadlnc
We Have Prepared a Very Complete
.and Comprehensive Circular on
Nevada
Consolidated
Copper
In which la set forth a detailed state
ment of the developed recoverable ore
reserves.
Assets and Liabilities
Production and Earnings
Property and Equipment
Control and Dividends
W shall bo pleased to send a copy
of this circular to lnvestoru on request.
Newhall, Churchman & Co.
Member! New York and rhlla. Htotk
r.srnanse.
Stork Ktrhance Hide,
rnlludelnklu
118 Ilroaderay
New York City
OPPORTUNITY IN UNLISTED
SECURITIES HOUSE
A member of on established Invest'
ment securities house is about to retire
for personal reasons; this creates an
opportunity for one or several men of
good connections to purchase an inter
est In this concern; profitable .under
writing contracts and exceptional
money-making possibilities make this
a highly desirable opening; cash re
quirements $2500 to $10,000, depending
on the proportion of Interest acquired.
P 342, Ledger Central, .
NEW YORK BOND SALES
Stock Salesman
High-grade salesman for
high-grade proposition.
M 153, Ledger Central.
WANTW-IMNKKIM OR INDIVIDUAL
nt' rap Da..
TD8000 Antlo-Fr Si ....,.,
18imhJ Am roreUn Bee oe.
4iK)(in Amer Hmelt fleo 0
2MHIO Amer Tel elt it
saiKHi as evi i
oiynfi Amer Wl
lrHMl Ann ArW
teooo Armour C's 44 a
U30OO AlrKlaon pn it
800)1 ilo adl 4a ...
8000 oo cr 4a l0., .
KNOOU Allan cn l.lna U,..
BIKKI do tat 4a ., 68
S?.(iAl Halt i Ohio i, ...... 101
180OQ do 4s ., i
li'tnni no ey ini , . , .
8(XI0 ll(l l l.filwV 4a
1IKMI0 II O Hwn SHi ,
30O0 llelh Mtrel let 8a.
li'cx") do rid 8a . . Ift
MO Ilraden Copper 8e.i.,
ViKiO llrooK U Kl I at at 8a. 10
11)00 do Glc lit 8a 10
7UIMI Tan Oovt 6a ivStl ,,.,ltm
89000 Cent Iath lit 6a... 102
4HIHI int l'a let 4e .......I'll
10110 Cent Hit N J 01
vw uniu copper 'B ,.
llioon L'bc, Unlo ev 4H
13000 do 4MB
Itleh. Low, Clt
ji aa vn
lijw iiaj, irii
"'ft "l llJ?
8H i5l 2l
4 0S 'S
44V4 l'4? Hi
87 8H 8f
.107.. 10T 107.,
uii4 um v,
11? infll
U 1 oi
lna ii'i hi..
8'H 8S BJ'l
108 I0JH 103S
101 , liri
m o & m
lo conv At
k Ull IV4 TV
.. 1S
IS
It
4a.
jsymru no conv oa ,. ,....
looo Chi Alton 8Ha ....
linuo Chi Ut Wnl 4a .....
UKMi Chi Nirn deb Sa
loou no ana .
(I'm Chandler Motor 8a...
68000 Chi II Q joint 4a...
41000 do urn 4a
I (MKio do 111 a'ka ..,.,.
iiihhi C M HI r 8V,a,...
7000 do dlv 4a ..i
mm ii i no rra 4 tea
ISOiMi do ev 4Wa .,
l.WdiMIChl III V rfd
ilOOOOU do 81
Iikio Chlneae rcta 6a . .
looo I'ol lndualrlal 6,. .
6000 Col A Mouth lat 4a. .
Silorai do 4W
(llioon City of Pnrl 0a . .
loon Cumberland Tel Sa.
I'l'ooo Den It Hlo Or 4a
liiniiil do rfd 8a
8000 do 4H .. v:
87000 do Be
ainw Krle conv 4a Her A
I0.VIOO Krle prior 4a. .. .
noon do let con 7e.. .
I.-, I III Hleel deli i
4000 Indiana Meel Se...
SniMiii Iowa Cent rcr 4a .
8000 111 Cent 4a 1933. .
8000 do 4a IIIOS ... . . HT
looo Inlerh Mt 4Hf.. .. 7JH
70000 Intrrh It T ret 8, ;
lioooii Inter Mer M na U7J4
4ilono tnlernl l'arer 8a. .. Iiju
6000 K C Ft H M 4a 77
7ooo Knn City Houlh 6a. . vn
53000 Knn City Ter let 4;. .88
10000 Lack Htcel 8, 1023 .100
1810000 do 6 18.10. . . 07H
I'OOO I.arlrne uaa lei "
noon in vni limi e
8000 I.latar A M T 7a...
jopn lAirlllaril 6a . . . .
1000 liuli A Naah 4a
loono Mlrh Cent U 4 . .
03OOO Minn ft St I, 4a. .
aooo do 8a ...-.,
Saniio Mo Kn A T lid 4,
12000 do 4'4a
looo do 6a
590000 Mo I'ac w I 4a...
7000 do ct 4a
I noon do 8a 11)20....
16000 do 6a w I 1028
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getaooal teferyiew.
r D Ifi, LKOQKK OmCK.
uu. jn'.j.x..v,., T aarrv
.jmW AUf-VJrW,
We recommenil and offer anbject
to tale na
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 5
Free of Pennarlvnnla fltnte amd
nornml Federal Income Tnie,.
Circular on Application
Edward B.Smith &Co
EaTiiLunn 1801.
BANKERS
Members A'eto York and
rhiladtlphla Block Exchange
PUIUDELrilll
New Yoac
1411 CllMTWDT St.
30 FJKK STBKt
JSJOO M
I60O0 ill
10O00 N
600U N
lfoou U
7000
14000
tnno
iboooo
Inn
lont
lllah. Iw. Cloea.
t P 8 S M 4a.. B3S ?S JH
. 131. 1535$ 188
'' slit
88 8lVi
io.m iii.ii.
N Y teen 4Vka. . . 80 "81, V9
N t W (! A II 4V4. ', 2".,
Norf A Weal Torn 4i. HBji 8J W'Jt
88S MS
inij, uu'
8S .8i
toate 102,
1P3S 1"3'.
88 8 ,
8M
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ower 6,
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r I! A llud 8a.
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do 4,.. . . ...
do 4Ha
do Mn 4a. ....
nooo N V city 4He 1B0O
OOOO N T Oflfk 4a....
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l.vini X TH
imni
40OO
18000 Norf A Wot 4a
7D0O0 North I'ar prior 4,
34000 do a-en la . . . .
18000 Pacific Tel 6a
own i-eni
Soooo At
lOOO tenna en 4Ui
4000 hub Kerr N J 6a,..
800O Uridine pen 4a . ,
8OOO0 8t I, A 8 K aja w I
iinro no in w i .
44000 do Her Aw
12000 Bt I, flwn tut 4a ,
H
n
lnooo
2POOO
loon
137000 Rnuth Kiev een 4a.... 77
7000 do con 6i 102li
snoo Tenn C ret f p 88
10000 Teiaa Co cv 8 103H
lnooo Third Ae ref 4a.. .. MS
nna 4a 1U48. . ..
a-en ct. 4,b..
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hoa Rniiih iieii it .. ...ton. lot'. 101'
flouth l'ae cv 4a. . . MU 844 8i
do cv ret f p 8a. ,.10'.'i 103, Hl
do iM 4a .. nl'. B1H nttl
I60O0 tl. adl
18000 l M Kubber
nooo U 8 Hteel i
4ar.(io ti uimr a
vnoo union na ft r na.,
2000 I'nion l'ac lit 4a,
linoo do cv 4a. .. .
1OOO0 tin nwya a f 4a,.
lnooo Va I C I' lat ua.,
2000 Va Ilvey 6a
Iinmio Wahaeh 5d 8a,
2000 Wab.P T let Ct 4a .
Xlion Weet Md lit 4a
4000 Weet Union Bi . . .
6000 Wlecon Cent aen 4a
Tdi.
102
na
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102
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I
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8'k
DIVIDENDS DECLARED
Norfolk and Weattrn. rular flV"' "e'ti
r cent on common, payable December 1 t
aincK.nr record romrr , ... ,
'ii 7raiioMi nana, rttunr -t""m-. --
0 per ceM parable November 1 toi
atock and nf I per cerit n tho
anted atock. pjyable. lJecemi-er
of record November 10.
Oreene Cananeii quarfrly
Itn NVirpmler 27 to l(
10, Thla la earne na tha
"'cWSand .? l?Mthurrh r.allro.d Company,
recular onurtcrly of 1 per c;nt on iurn'.o
holdere
krlr cf 12 ahare. ray
ck nt record Novembel
it d I. red July 37 laet
reaular ouarterly
nf IS per cent, parable December in to atoca
or record Noi.mler 10. , , .
H. r. Goodrich Company, rrmlar nuarterlr of
Coniolldated ()l Comrny.
II 78 per ahare on the Preferred tt.i.
fhTlar'-nuarterfy' lf SrSSRI
reSrdV:brruVrvP'?bT &&&
tock
narehouie t'ompanr
Buyable N....'. emlaan..,
reoord October 27 ' ,0 tock r
nn,iw imnqfr linina comnan
parable November 31 5 i0Tf,0,f''
PhlUdotnhIa litKr....
-,...---. r... ..,,.,.
CI B
Lpi: ."
r SI
Of 4
Commercial Tru,t Compi
per cent, payable No
recoru vcioner ai
lOper..
rwrd tjei
I.leerlt A
nuarterlr of 8
ble December;
.y.bT.N.mb,7n1,,,;V,,'i?fl'
Mrert Tohacra Compar,. .
I per eent on commoTVtoVv'"1"
1 to tteck of record N,iJI'.J!r-
-"t it.
v.uin.a mil trnu'L iiajajiiiiii.iuii'aJaiuiuiiij'itUAW
B
'WIIIIIIIIIIJJUHUHJ
Investment Advice
A LTIIOUGII this institution docs not engage in
jt the butincwi of mnrkoljng securities, its officers
nrc nlwnya jircparcd to ndvisn in rnnttcrs of invest
ment, nntl the statistical informntion mnintnincd for
the Company's own use inny be freely consulted by
its clients.
Philadelphia Trust Company
413 Chestnut Street :: MIS Cheilnut Street
Philadelphia
iSTTwramiBiiWwwjirctrrriwi't!
nWW3lLTI(f IllaJJBaaWBM
The Basis sa
Rmsiness
The Right Idea for the
Cornerstone and the
Right Policy for the
Keystone
Reproduced at the left ii nn ex.
tract from the original announce
ment or the founding of tha
business of Jones & Daker, Stock
Brokers, not quite five years ngo
in Chicaco.
"Th8 ua0
-i .-.(: ,.M BBaBaaam
-zt:. m
Attn tn; ctU n'e Z .her H
,tT ..inrt ' ..,ol . ..-die VT0. .ATa, l. ., tim' p. K1
I i vtrfvo1" .. orv l . 0l 4U JQb-'"" II
IB 1 ' --t ..-.. " - .-. "
I lK;Sw
I I "' - -a
Nothim
Bxii S
to Sell
LVICE
The right idea in this case was
"Service" the right policy was
the "Square Deal."
In the rapid expansion of this busine3i
from a small beginning to its present
extensive scope of operation, with Board
Rooms in five cities and Direct Privats
Wire Service connecting headquarters
at the New York Curb Market with all
jaliT.S d B.iKKlt.
Wlimtr BHi.. Ptllaifefpafa, Pa.
Gtntltmtn: You may eeita me a copy et
peur (oolrlef. "Ill Jovrntf of a Ctrlllcalt."
branches "Service" has been the domi
nating spirit of advancement.
Not only Personal nnd Telephone S:rvl,
but wire information, statistical and analytical
tervice are continuously at the command of
customers and interested investors.
As an example of fundamental thorough
ness in service, Jones fit Baker maintain, in
connection with the Chicago branch, their own
Service Training School for emptoyes.
You will come to know th: meaning of
"Nothing to Sell Dut Service" when you visit
our Philadelphia offices, of which Mr. R. J.
Wright it in charge.
The Journey of a
Certifktle
the title ot a
Xaa ,
Mart
CUf
.Staii .....
T.U. 7. Cur Out Counon omJ Mail.
la
booklet, uhlcb ererr
lOTeetor a h o u I d
bare. .It eiplilni
wbera tbe itoca rua
bur comee from and
haw It la propertr
transferred to jour
uanio.
Send for It.
STOCK BROKERS
New York Chicago Boston PitltWf !i
PHILADELPHIA
Wldener Building
none, j Key.IonCt Jlnce 22()
Direct rriiatt Wiret Connecting All Oiler,
New Issue
Republic of France
5 National. Loan
Not redeemable or convertible before January 1,
t
Exempt from French Taxes
1931
Denominations 100 francs capital and multiples thereof
Interest quarterly February 16, May 16, August 16, and November 16
Subscription price in Paris 8&H. Subscription for payment in full 87'4?5 ex November 1916 coupon
The undersigned by a special and exclusive arrangement with
the French Government will receive subscriptions for the
above loan at the fixed rate of exchange of 5. 90 francs to ihe dollar,
which is more favorable than the current rate. This agree
ment also provides for delivery of the definitive bonds in New
York City free of expense to the subscriber. Subscriptions may be -forwarded
without additional expense to the subscriber through
any bank, banker, broker or trust company.
Interest coupons as they mature will be received for payment or collection at the then current rato
of exchange at the office of either of the undersigned.
Subscription price in New York, less November 1916 coupon
$14.8305 per 100 francs capital
148.3050 per 1,000 francs capital
741.5250 per 5,000 francs capital
At the above prices, should exchange return to the normal rate of 5.18J, the equivalent
price in New York would be about 75. '
The direct yield at current rate of exchange is over 5.70, and at normal parity of
exchange is about 6i.
Without taking into consideration any advance in the market price of the issue, there
is the possibility of a substantial enhancement in yield and in value through the' return
of exchange to normal.
The subscription list will close on or before Saturday, October 28, 1916 '
The right is reserved to rej'ect any subscriptions.
Payment is to be made in New York funds at the office of Brown Brothers & Company;
59 Wall Street, New York City, on Monday, October 30, 1916,
Temporary receipts will be Issued by the undersigned jointly eat
changeable only for the definitive rentes when received In New York.
"' Descriptive circular on request.
Af Iselin & Co. Brown Brothers 8c Co.
Nw York New York Philadelphia Botoa '
White m mpofetJbUty m wfUHhai Ute stove UfrmUen Is believed by us ta be aeeurste and riHabli.
V
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