KTENINGr IiEDGMl-PSXLABSLPHTX, . RATttBOAT, OCTO!
BER SB,
line
FINANCIAL NEWS
OGRESSIVE BUYING OF INDIVIDUAL
OPERATORS MOVES UI? STOCK PRICES
t ' " ' ' '
- - . . d as-.
. k - r i k ni.-i.i:-i.-j um ittair
jmbii WBw wiarn Jttecoras Are j-jsiaunsiiuu AvaiY,y
Shares Are in Supply, Due to Transfer of Holdings
Into Copper Group, Which Is Most Active
Hi h Points in Today's Financial News
Sttk mttrkel continued to be dominated by polities. December and May
wk$mi eU into xew high territory. Heavy selling weakened cotton.
tUJOOQfiOO wore in gold arrived in New York from Canada. New row
MMfc stoHmenl showed an increase in actual loans and a decrease ; in average
with em increase in the surpltia inJoth statements. Price of bar silver higher.
' NEW YOIIK, Oct 28.
Pontics continued to dominate trading In the mock markot In the half day
With which the week ended, but atrength wan Infused Into many Issues because
t the Mmresalve buylnn of Individual operators, who have taken a positive posi
tion on the bull side. Colonel W. B. Thompson, who has often been prominent in
stock market movements, was credited with doing most of the work In Utah
Cttpper, rtvhlch this morning advanced to tho new high record of 108 Vi.
There- waa concentrated buying nt tho name tlmo In Inspiration Copper, which
790 to the now1 high record of 68, and other copper stocks hnd sympathetic
Winces, but changes In such Issues as Anaconda nnd Kennecott wero not In
-yrihxtrtlon to the glowing statements of trade conditions. Thoso are to tho effect
thftt domestic consumers are unablo to obtain metal for their requirements, and
K t Meerted that Utah Copper In sold out of Its cntlro production for a year
ahWrf.
Central Leather also made a new high record, approaching closely lo par.
CMnO atao sold at a new high record, being In brisk demand in tho Into trading.
The railway Issues In tho first half of tho tlay were In free supply, but this may
hare been due to a transfer of holdings of these stocks Into the copper group.
Union .Pacific fell about 1 point and Hock Island sustained about the samo amount
' erf less during tho first hour, with rulllcs in tho last half of the session.
Most of tho selling of t.h loading railways camo from tho trading clement
en the floor, who hold to the view that beforo election day tho market must have
a. setback, but there was no actual liquidation of Importance and tho only sales of
long stock wore to take profits on issues which had been established at materially
higher levels.
United Statos Steel common reacted In tho early trading, but later showed a
fcrraer tone, with confidence placed In the Increased estimates of tho amount, of
earnings for tho September quarter to bo shown In tho statement, which will bo
tawed at tho directors' meeting on Tuesday, In tho samo quartern assertions were
made that an extra dividend of 2V4 per cent will bo declared at that mooting.
The receipt of another $16,000,000 In gold consigned to J. P. Morgan & Co. from
Ottawa, making the gold Imports so far this week total $47,000,000, presents an
Important factor on tho bull side.
There was heavy trading again in tho bond markot, with tho largest transac
tions In American Smelting Security Cs, which ranged from 110 to 111. Chesa
peake and Ohio convertible 6s wero also traded In on a largo scalo at 96 nnd
Mt4v Anglo-French 6s sold nt 94 and 94?i. Southern Hallway 4s wero in brisk
etemand In response to tho arrangements for taw llnnnclng nnd ndvanced from
77 to 77. St, Louis and San Frnnclsco Issues wero nlso active and strong.
$15,000,000 More Gold From Canada
NEW YOIUC, Oct 28. Announcement waa made this morning of tho arrival
ef, lG,000,000 more gold from Canada, consigned to J. P. Morgan & Co. Of tho
tolal amount $10,000,000 was deposited at tho Assay Olllco nnd $5,000,000 waa taken
to tho New York Clearing IIouso Association.
New York Stock Sat
High. Low, tin
Acme Tea ! "IW ?
Advance Hum . .. 17 li
AJax Iluhber . . . . H 0
Alaska Clold Mines 11
Alaska Juneau , . 7 7
Am n Bugar io 108
Am Can W4 "T4
Am Car & Fdy... 0s 07
Am Cotton Oil... SV
Am Hide A Lea.. 10i
do pref '1 10
Am Ice 18
Am Linseed V4 M.
do pref B1W "
Am Locomotive . . 88T st
Am Malt low. ion.
ehg-a.
f-
iy y.
S5fc H
isy w.
7 .....
108
01 Vi
88
"lV.
10 1
88
4 y.
,874
'88
10 .
Am Bmeltlng ....118 110 111
do pref ...118 110 net -r t
do pref A 100 08 68 1
Am Sugar 188 181 188 ji
rln tiref 188 18 188
Am Steel Fdy .... 68 08 i
Am Tel A Tel ....188 188 188
Am Woolen 88 88 88
Am Writ Pap pf . . 40 46 40
Amer Zlno 4iy. 47 47 1
do pref ........ 78 7BV4 iYt f V
Anaconda Copper . 06 05 08 ......
Atchison 107 107 107 Y
do pref ,.100 100 100
At Gulf & W I. ..101 108 101 1
do pref .08 07 07
Baldwin Loco ... 88 83 88
do pref .100 100 lo
nalt&Ohlo 88 88 88
do pref 70 75 75 .....
Bethlehem Steel.. 655 655 6J5 5'
Barrett Mfg 180 180 150
Hutte & Superior. 65 03 B4H
174 174 17"
DM 05 06
105 103 103
60 00 00
15 14 14
47 46 40
04 04 0
do pref 186 180 180
Cont Can 103 io iua f
TJRADIftG ON CURB
CONTINUES ACTIVE
Magma Copper Advances to New
High Mark, but prcaks
Six Points Later
Canadian I'aclflo.
Central Leather . .
Chandler Motor ..
Ches ft Ohio ...c
Chlo Great-W...,
dn pref A . . . .
Chlo Mil & St P..
Columbia Clas.,..
Chic It I A Pac...
Chill Copper
Chlno Copper , . . .
Cot Fuil A Iron,.
Connol Has
Con Gas of Unit..
Corn Products . . .
do pref
Crucible Ktecl ...
do pref
40
33
88
88
53
39
at
83
60
53
NKW YOnK. Oct, 28. A further upturn
was shown In the curb market today, with
tracing active In all the Important Issues,
although before the end of the first hour
stocks were In liberal supply, especially In
the Issues which moved up sharply In the
last few days. Prices, after high levels
were reached, reacted sharply In spots.
Magma Copper continued the prominent
feature, and after Advancing 3 points to a
further new high mark was offered In good
supply Bnd broke 6 points from trie niRnesi
Inside supporting orders checked further
losses. Other mining stocks were generally
strong, especially United Verde Extension,
vh ch moved up more than a point.
Mldvale Steel, after a show of firmness,
reacted slightly. Marlln Arms was mate
rially lower in the offerings. Wright-Martin
Aircraft and United States Alloy ruled firm
Motor shares were reactionary, especially
United, which after a small advance was
offered down 1.
Oils were somewhat Irregular, but less
active. Bonds were dull but steady. Char
coal Iron continued strong, advancing to
8.
INDU8TRIAI.S
Smltjg in Philadelphia
. . Hlfh, IW, Clow.
1 Am 6u .,130 180 130
88
as
61
6
18
87
Nt
cut.
.....
1
88 Am Itwys. as 83
30 Briii j a. as as
80 Chlno Cop. 61 at
as Klea Stor. 08 66
10 Int Cons., 18 16
188 InsCoN A 37 37
400 Insplr Cop 08 67'
600 Kenne Cop 88 S5
75 Key T Co. 18 18
3857 Lk Sup C. 15 IS
38 Leh Kav.. 78 71
ISO L V Tr pf 48 48
1880 Nev Cons. 88 38
016 Penna It It 88 88
Ml Phlla F.lec 38 88
las rrtT tr,cfs i8 ie
100 nay Cons. 36 36
10 Beading... 108 108
10 do 2d pf 46 46
40 Bo Itwy ..38 36
310 Ton Bet.. 4 4
40 Ton Mln.. 6 0
340 Un O Imp. 81 80
8016 U S Steel. 118 118 118
103 War Ir AS 8 8 6
8 IVestmor C 74 74
80 Cramp A S 83 81
1
08 3
88- 1
13 .....
IS .....
77 .
43
83
88
38 J
16 Tfc
36
108
46
38
a ii6
81
74 1
81
LAKE SUPERIOR CORPORATION STOCK
AGAIN IN DEMAND ON LOCAL 'CHAM
Advances a Fraction, but Loses Gain Before Close Nc
folk and Western and Atlantic, Uulf and West
Indies Earnings Good
nlr
Amtrlcftn-llrltlih MfK
American Marconi
........i
rnlln Cr Company
Canadian Car Koundri
Charcoal Iron
niit,
. is
. 12
. 8
. 83
. 01
. 8
.100
z .
..... i"S
130 130
186 131
18 18
03
88
132
Cuban Cane Sugar 70
do pref 100
Den & nio G 20
do pfd 48
Dlstl lers Secur .. 50
Dome Mines 25
Dul S S A pfd... 12
Erie 40
do 1st pfd 54
do 2d pfd 43
Gas N A W 47
Gen Klcctrlc 182 181
02
87
122
71
00 too
20
48
45
21
12
38
84
43
47
COTTON WEAKENS
ON HEAVY SELLING
, Advance Follows Setback, but
f Strength Brings New Sup
ply and Lower Prices
COTTON BKI.T WEATHER CONDITIONS
Vm. 4I HohTli ftnd VX. Hmltn. 401
Mantzumrrr. Mncon. Shrevrport and B
KPh. 48i Tiltu" Hki 601 Illrm ngharn.
- Wkibure. Oklahoma. Han Antonio. An
. i rntta Atlanta and Wllmtnston, JJI fllo-
- BE" 'M.mM.1. and Pel nio. 04.1 Thnmaa-
"flu inA Anvannah. Ost lrnaacola. ADiieno
-ni
New York Bond Sales
"and
'(WO
95 1 Tampa,
Thar eiton, oni fnr wrir.,. ;,V"f",i
nd JarkMinvUle; 60 Corpua tlirlMI,
if NEW VOBK, Oct 38. At the opening
this mornlns the cotton market encountered
n accumulation of overnight selling- orders
'and, as bull support seemed to be missing,
prices declined rather sharply.
. September started 10 points lower, but
he active positions were IB to 24 points
- own. The tone -was easy. The selllnc
leeme from room operators, commission
houses. Wall street and some southern In
terests, while tho buying- at best was scat
tared, one prominent spot ilouse taklnff
some, with Liverpool purchasing a moder-
' ate amount of July.
After the call prices rallied 8 to 9 points,
tat to an Increased demand at the lower
levels, but the upturn soon brought in a
larger supply and caused Quotations to drop
raaek 4 to S points by the end of the nrst
fifteen minutes. i .
The slight early rally was followed by
renewed weakness, with the market about
J7 to 31 points net lower during the middle
of the morning. This break carried .May
contracts oft to 19. or to within 10 ponts
of the lowest level reached on the decline
of Thursday.
Reports of Increased hedge selling and of
advances In Marine war risks encouraged
toeal pressure, but trade Interests were
bttyers of March on a considerable scale
mtUhe market later rattled several points
iVom the lowest.
143000 Anwr Art db Bi
iwduu Aniin.tr na vu
40UI1O Am Furrier. Roc Ra... "JMJ4
1081)00 Amer Hmolt Ucc U...lllti
14(nhi Anwr I-1 elt 4.. . . r JJj
18000 Amer Writ Taper Ba. 87U
laotm Armour Vo 4 ' .... i4
M)O0 Alcninon sen 4a Vi
60(100 do cv 4a 101)11 KMK
1000 Atlan Co Mn 4Hs .. V3U
11000 Halt A Ohio R lol'.i
1000 do -In IU
10500 do cv AVtf 1)11
17000 Hnh Htecl rfd Ba ...10.'
IIOOO H rook Hap Tr Ba 1018.100;
4IIOO Can Onvt 1021 ,100
10000 do 1031
dooo cent 1'no let 4a imi
IdOO Cent Hit K J 8 117H
lUMin dnrer.a,., 11TH
48000 Chill Copper 7a 128
D5000 CheaA Onto cv Ba ... UHK
latlOO CM Ot Went 4i 78
loooo Chi n ft Q Joint 4a... (iH
iuuu cm it i a i' 4a kt ,
205OOO do Sa (l.'iH
lL'ooo col industrial Bs.... hit
12BOO City ot I'arla II twK
800 Cumberland Tel Ba..,101
1000 Del & Uud rfd 4a... II Mi
nr.OO Urn t Hlo Or 4a H1H
0000 Detroit United 4Ha.. K4
ltlsh. tMW. Clone.
...ItHIlt loo'A 10(M
V7e V174
llrt -, VK't
HUH 111,
87 87'.i
114 114
1,1 4
lon4
.035
101 H
112
imji
....
Kami
9&.
Yea. cloee.
bar ....i.o?
rr .."
.v..
1U.3S
1W.3.1
1V.0U
Open.
18.87
18.90
18.83
11). OH
10.10
llllh,
18.87
18.80
18.01
10.14
18.15
T,ow. Cloaa.
IB, no
18.88
18.07
10.13
10.18
18.85
18.77
18.72
18.83
1S.00
18.00
T3
Sft 78
12S J2M
on ui VI
(14 '4 o
4 4.
07 a
du nu
04',1 04V
Cotton Statistics
TORK. Oct. 58. Tha atatlatlcal poaltlon
atbl
taht
ila iW- 4.B41.888 4.803.7S .83,039,101
n Amer... 8,730,380 3,810,733 a,ST..uiu
4.888.007 4,081,078 3.864,033
' Xlf YOKK BANK STATEMENT
Atal Loans Expand, Average Fall,
"VVith Surplus Larger
J WSW YORlC. Oct. 21. The statement of
SaMMtltlon of the the members of the New
Tork Claarlng Houye Association for tho
JkUSt we4c shows an Increase of 1J1, 845,000
Saetual loana and a decrease of $14,166,.
tM la the average. The surplus of actual
jtMtiSMMt' ahowed a gain of $ll,ltJ(,0Q0
8Mln the average there was an Increase
Mt 188,719,410. Deposits showed Increases
p both stAtamenU.
Details follow
ACTUAL,
SOou Krle cv 4a Ber II
looo jiud & -il an in sa....
A0OO do rM Ba
KOOO III Hire I deb 4V4....
1:000 Iowa Central ref 4a,
looo Interb II T ref Si...
1000 Inter iter Mar la....
4000 Kan City Ho Ba
2000 Ktnra Co Kiev 4....
700(1 Lcka Uleel Ba 11)20.
8S000 do Ba 11)30.,
1000 Laclede Uaa lit Si..
looo Ua & M T 7a
43000 Minn A Bt L 4a.....
r.000 do rfd Oa.i
18000 Mo Kan & T 2d 4a.
180000 Mo Pau w I 4
1000 do Ba col ct 1020..
10000 do Ra lDrt.1 w I..
nuoo n y conn it it 4a,, oH
S.'ono N Y C & II 0a 114K
2.1000 dn 4 Via 0.V.1
20000 N Y City 4a 1038.,.. 101
looo N Y Ilwy ref 4 74H
8000 N Y Tel a-en 4Vi a 00
Bono Nor l'ao sen 8a H.1J4
loooo Or flhort I, ref 4a,. 01H
22000 Vacldo Tel Ba 101
llooo Penna 4a 1048 00I
anno Iteadlni aen 4a ., ., 1)1(4
2000 8t I. I M 8 gen Ba.l02Vi
10100(1 at Li & t) K In w I..., BOH
2000 do aJa w I . . hit
loooo do rfd ct 3d ata .... 784
233000 do Her 11 H
40OO St. Ixmta Hwn con 4a. it1
4000 Beahoard A I, adj Sa. 138 ,
18O00 Bouin l'ao cv 4 BHS
J00O0 do cv ret f p S ..loi"
1000 do rfd 4a ........ 01
48.000 Routh ltwy ten '4a . 77V4
8000 Teaaa A l'ao lit Ba, 08 ,
BOO Third Ave ref 4a . 804
10000 do adj Ba ......... 70VI
iihhj utnn rower na .
12000 U H Steel a t Ba lOBVi
1500 do rer Ba lOdVi
338000 Un Ki of a 11 A I Sa., uu .
100(1 Union l'ao lt 4a ... 0SV4
12000 tin Itwya S r 4i 8S
1000 V llwy Ba ,, OOVi
10(10 Wabaah lit Ba ....10.1V1
IMIOO da 2d Ba 08H
.1000 Wnl Kleclrlo Si
3000 Weal Md lit 4a
oooo weit tinora
Ooodrlch Co 73
Granby Consol ... 01
nt Nor Oro ctfs.. i
Green-Con Cop .. 63
Gulf State Steel,. DO
Inspiration Con .. 08 V4
Intcrboro Con ... 10
do pref 7flVi
Intcrnat Paper ..51
do pref 103
Int Nickel 51
Int Mcr Mar t c. 40T(,
do pref
Jewel Tea so
Kan City Southern SB
do pref 11
Kelly Spring Tire 70Vi
Kennecott Copper. 68
Lackawanna Steel 80
Lake Krlo & West 28
do pref S3V4
Lee Ilubber 40
Lehigh Valley ... 81
Loose-Wiles DIs.. 25
do 1st pref ...
Louis & Nash...
Max Motors . . .
do Ut pfd . . .
do 2d pfd ....
May Dcpt Store
Mex Petroleum
Miami Copper ..
Mln & St L new
Mo Pac
do w 1
do t o
Mo Kan & T....
do pfd .......
Montana Power ,
Natl Enameling .
Nat Lead
do pfd
Nevada Con . . . .
N Y Air Drake.
N Y Central....
NYOS St L...
NY Nil & II..
NTOiW.,
73V4
01
43
51H
00
07
184
74
B8V4
102 ,
S0
40V4
115 114
80
37
01
73
64
89
25
63
40
83
34
87
30
32
33
01 3
8
ISO
124
18
02
87
123 1
75 V
20
4 1
43 1
S.
12
30
64
45 1
47 V
181 1
73
01
43
Jfe
i?H
7tt
42
2
0.1 i
is
i
do New Jery.
do New York .
02
00
en if.
18
74
63
1
1
V
102
51
40
114
80
27
87
61
75
53
80
25
63
40
83
25
87
Chevrolet Molora ...
Curtlaa Aeroplane .. ,.
Kmraon Phonograph
1lBBUa.lt jV 11arkr ...
Ilemlee Manufacturing 2ft
fvnuiu.ilu'i iiiiiiin f(c. ........... '-.
Maxim Munition- J
Manhattan Trana 1 .
Mldvale Bteel "JM
otli Kleator n?
reerlean Molora "
Poole Knclnccrlmr It",
K 8 Ivreiae
Htandard Motora ...
Hubmnrlna
Trlanale Film .....
United Motora .....
United Protlt Hharlns
U H I.lsht & Heat ..
do uref
World Kim
STANDAttD Oil. HTOCKB
Illinois -?1
Ohio J'1 '
I'ralrl- 1lr S?Q
tttntid-rd Oil Cal n
'........'...238
OTIIKtl Oil. STOCKS
Coeden Oil JJH
Coaden Co ....V .. Jiff
Inter Tet I'M
Laurel Oil Oaa ,Qft
llnuxtan Oil 'JV.
.Mldne-t Ref !,,
Hapulpa Ilct OH
MININO STOCKS
Atlanta J
Ilutto Copper and Zlno "5
llutlo N Y , 1J
Cerro de Paico ,...s. ?
First National .4H
Florenco Onldfleld 4n
(lolddeld Merger J
llecla Mining j
Howe Sound a
Jim Ilutler 5J
Jumho Etenlpn JJJ
McKlnley-Oarrash jo
Ma-ma Conner '!,
Mlnea Co America -
Nlplixtng "Vi
Han Toy J,,
St Joieph Iad '"Vi
Wet hJnd Con 7(1
tVhlte oak
Cerro de Tanco Oi .
Mldvalo Steel Bi ..
lluulart Govt flVia
. .Total aalei. It, 80 iliarei, . eempsred.wltli
14.003 iharra laot Hatnntaii this week, 104,030
tnareei lant week. 124,708 iharei.
Net
chre.
08
07'
PONDS . .
lllah. low. vione.
83400 A a&K Bs B 86
7000 K T 1st tS 87 07
1000 Irfh Nav
cons 4Hs. 102 102 103
1000 L V cons
4Hs 2003.100 100 100
1000 do CI Bs 103 103 103
3000 P C 1st ts.101 101 101
8000 Ph Klec DS106 108 106
1000 Itead gn 4s 03 03 03 Y
600 Stand O &
C 6s ...100 100 100
. Total aale.
ait Hnlurdayi
833,Sao.
51. BOO.
thli week.
compared with 817,500
3Z10.00UI lam wee.
Local Bid and Asked
130 186 136
87 85 86 1
88 80
84 53
60 00
100 100
30 30
88V
lout;
?7
08 .
80
76
on
lODtt
10J
08',,
0H
S3
os vt
lor.CT
oS
jua
86
. . 55
.. 60
..110
.. 30
. 36
. 10
. 27
. 10
. 8
. 20
. 07
. 28
. 08
.114 111
. 23 23
.188 158
.108 108
30 30
61 00
20 28
Ualdwln
Drill, J. U
llufT nnd Sun t c
do preferred t c
Kleclrlo Htorare .
Ueiifrnl Aephtilt
Today.
Hid. Aikrd,
8.1
34
111
SO..
08 V
eiifrnl Aephtilt 21).
do preferred 71
elelono Tel 12U
do tr rtfi 12U
do Drrf
Lako Sun Corp
ehlsh Nav ..
L.ehUrh Val ...
1-hloh Val Tr.
do pref
Penna ........
I'hlla Elect rio .
Phlla Co
do 6 p c pr
no n p c pr
JJl i ic.......
Heading ,
ionup.n llelmont
Tonopah Mining.,
Union Traction .
U Oaa Imp
U H Steel
York Jlwy
do pref..
Wm Cramp to..
01
... 16..
::: I
::: eiu
.iN?
'.'.'. 40
... .16
41H
... 10.S
4t
IH
t.
)0
18
IH
snvi
81Vi
8.1V.
t.i
.1o4
1.8
78
83i
Yriterday.
bid. AiKcd
84
.14
1)1
fl0.,
20
7!
1Hi2
J44
84U
n7i 84
2IU 21
43 43
Bi B8
aa
41
08
43
B8 .
'A
41
84V.
80
fliiy
13
08
IB
78H
SJfe
In the short session on the Philadelphia
Slock Exchange today Lake Superior Cor
porallon stock continued to hold attention
as far as the local Issues were concerned.
The price moved up a quarter early In
the first hour, when more than 1600 shares
changed hands. There was no definite news
on the stock, but the demand was good.
A good deal of the buying. It was saia.
was for the account of some New ortc
people who aM Interested In the Property
With the strength and activity of the stock
yesterday and today It was natural that
thcro should be talk of a further advance In
the price. When the market closed the
stock had lost the early gain, and the total
sales for the session stood at 21B7 shares.
It was pointed out In some sections hi uio
Street, where Information on the company s
affairs can usually be had. that while the
company Is doing very well In the matter
of earnings, which would warrant a higher
price for the stock, yet there Is still con
siderable Btock here which Is owned by
foreigners. This stock Is being held until
the market advances to a certain Pjlce,
when the holdings will bo fed out This
price. It has been stated. Is above 15.
WHEAT GOES TO $1.90
HIGHEST SINCE 1888
Great Volume of Buying Causes
Sensational Rise at Start.
Stronger Abroad
48
r.s
"0
42
88 an 38
42.. 41'i 42
10', 10H 10
108U 108 109
4 l-lll 4" 4 7.
I
.5 15-1(1 0 1-16 0 lr.-lU U 1-1(1
4.1V.
. oo; nt
.118 118
4ft
onu
r -"
so-. :uis
82H 81H
4.1V.
Ill
linU
13
87
83
LOCAL MINING STOCKS
TONOPAH STOCKS
BONDS
35
10
26
0
7
10
07
28
68
35
10
27
10
7
10 1
07
28 1
68
Norfolk & WCHt,.14S 142
114
23
158
108
36
00
28
143
North raclflc
Ohio Cities Gas .
I'aclflo Mall ....
Peoria & East ...
Penna It It
People's Oaa . . .
Pitts Coal t c...
Pressed Steel Car
do pref
111 111 111
1 .88 J!
1000 Writ Union Sa ,..,,101
Total lulei. 32.624,000, compared with 82.404,
000 la.t riaturdayi lull week, 831.838,0001 lait
week, 837.130,000.
j'dwiUlta, i.JU.OTi.OOO
jni,(rai,uw
a!.74.uou
i.oou
1438.
174.443,000
BJ.J.OOO
??!.m.
Increaio
(84 845,000
48.016,000
J.MA.OOU
so.oi
283f.000
221,000
Oil, 000
tTiUM.
870,M,176'
muei.iw
262.000
20.0.14.000
8.(107,780
11,350,270
otlwr daooa-
ats raary,t,
nitira.,.,
wiaoli 88M.78T la apecle.
AVHKXUK
r I,.l."" M.I
'' 'IrSt'aK
tlt,287.W0 M.188.WMI
lTl.nT.8M S.341.840
vUKtf IWIMM'
?
u.
ytt
... , -ma I ia.i ! a
Patatw M8i Vwb
1KK. Oat. M-tV saauJMt ttr
8 irrsswmr nua isansssji
stwtftaaT 1bUimm 1
I mi orup 8WWa0n8 8Ml8
t uiiBta kUrher. TralWag U8
I u atW. aat amoupttag la 8M)
DUY BETHLEIIEH BONDS
Pennsylvania R. R. Disposes of Securi
ties Taken for Penna. Steel Stock
A syndicate composed of Philadelphia
and New York bankers has purchased
318,008,000 Bethlehem Steel. Company pur
chase money and Improvement mortgage
twenty-year five per cent, sinking fund gold
bonds. While It could not be confirmed
In omclal Quarters, It was understood that
'the bonds are thoBe taken by the Pennay).
vanla Railroad In payment of its holdings
of Pennsylvania Steel Company stock when
the stock was sold to the Bethlohem Steel
Company.
The official statement of the bankers, as
given ou( by Brown Bros. & Co., follows:
"Messrs. Drown Bros. & Co., of Philadel
phia! Clark, Dodge & Co., of New York?
E. W, Clark & Co., and E. Lowber Stokes-,
of Philadelphia, have purchased tU.000,000
Bethlehem Steel Company purchase money
and Improvement mortgage twenty-year five
per cent sinking fund gold bonds, due July
1, 1938, of the authorized Issue of 160,000,
000. of which there are outstanding 131,943.
000. Furthef details of the purchase and
public offering will be made next week,"
81 84 84
28 28 26
16 13 13
68 68 B8
113 113 113 1
43 41 41 8
73 72 72
100 106 106 4-1
Pullman Co 170 170 170
Itallway Steel Spg 64 63 64
Hay Cons 0 26 20
Heading 100 100 108
Republic Ir & St. 70 77 77
Shat Copper 30 SO 30 1
Seaboard A L ... 17 17 17
do pref 80 30 30
Sears Roebuck ..223 222 223
Sloss-Sheffleld .. 62. 62 62
So P R Sugar ...227 227 227 7
Southern Pacific.. 101 100 100
Southern Ry .... 30 28 28
do pref 07 67
St L & S Fran w I 22 21
St L & Southwest 30 20
Studebaker 132 130
Stutz Motor ..... 67 06
Tennessee Copper. 22 22
Texas Company ..228
Texas Paclflo R R 14
Tobacco Prod .... 61
Union Bag & ,Pap 16
do new 101
do pref ....... 73
Un Clg Stores pf.lio
United Fruit ....164
Union Paclflo ...,10
U 8 C I P & F... 26
do pref 63
U 8 Undl Alcohol, 146
Un Rwy Inv 10
do pref 22
U S Rubber 00
do 1st pref
U'S Smelters
CLEARINGS CONTINUE LARGE
Local Banks' Business Far in Excess
of a Year Ago
Bank clearings throughout the country
during this week were far In excess of thoso
of the corresponding week of last year, but
were somewhat lesi than last week.
The total was 36,055.723.796, as against
JG,339,fi72,449 last week and $4,485,970,307
last year. Philadelphia's gain over the
same week, of 1015 was 54 per cent, which
was next to the largest gain made.
Details follow:
loin. 1015. re.
ew York ,$2.0f7.7B.701 2,.142.322.fftt4-2R 0
2a,2.V.20'V
81,620.030
3H2 (IS2.1KS
lovr.4.n82
30. 473.501
Jim Ilutler ... ,
MacNamara ,
Midway
Mtipnh Kxtcnalon ,...,
Montana ,
Nortn Mtar
Tonopah llelmont ,
Tonopah Kxtemlun
Tonopah Mining
Heirue Eulla ,,,
Wcit End ...,
GOLD FIELD BTOCK8
Atlanta
lllue Uull J".".
l'S. b:-.:::::::::::::::::;:::"
fnmblnatlon Fraction
niamondfleld 11 II
Daliy .......!
r mi i nee
tloldOeld Consolidated
(loldlleld Merirer .V....
Jumbo Extension
Kewanai
Oro ,
Hand Ken
silver rick
., . MISCELLANEOUS
Nevada II 111
Nevada Wonder
Tecopa Mining
11M.. Aiked.
.1)1
.10
.23
.1(1
I
.73
.10
.02
.10
.02
.mi
..ni
.04
.40
.60
.07
.30
.10
.03
.04
.IB
.20
".'lO
.!).-
.IS
.2.1
.17
.24
.73
.11
.03
.12
.04
.08
.0(1
.mi
.41
.68
.1)8
.33
.12
.04
.00
.21
.22
2.30
.12
flKAIX nm.T WKATHKH CONDITIONS
rillf'AHO. Ort. 28. The weather fore
ent for SO horua followm
. IlllnoU Knlr today. elUhtlr warmer
north, Hunday unsettled nnd colder, prob-
loirn I'nlr today, proliablr followed by
rain tonlaht or Monday, eolder ejiinday.
WUronsIn Increasing- cloudiness ana
somenhnt -warmer rmttinlay, followed by
rain tonight una probably Sunday, cold
er Hnniliu. . .. .
Mlnneooln rnrtly cloudy aonth. rain or
anoir north tonlilit nnd cast Hunday.
North Dakota Partlr cloudy, colder to
dayi Knnday generally fair, warmer.
South Dokoln l'nrlly cloudy and colder
todayi Nundar generally fair.
Nebraska tirneraiiy rair touar jinu nrou-
ably HundaM colder fnilit.
finnans llenernllr fair today
nlily Hiindayi colder tonight nnd rlundar,
Irt the remaining local stocks then
....... w u.au.n. linn WSJ B, DtttCC '
to nrlces that la. Kiev wee. .j, r"l
hleher ranee. Rlthnnvh th .u. i 4V
erally small One of the exception
weaimuroiana V.OHI, wnicn rose 1U u
the highest point of the year t,u .
vance was accomplished on the turn ore
uiiij. ,,.u Dimicn.
American Railways gained a fnii
Very little was done In Philadelphia'
trie hut it gained a fraction. Mm
ness was done In United Statea Rii .
mon, some 3916 shares being traded hTZ3
n. RTTinlt frartlnnAl aIIha n "1
n-u. nH-HAi. ji.i.i.1 .
a, it, .i.niiini uisirici nas Decoma grg.
.ui.icu iu 6 caiiiinm aiaiemenu of tw ;
Norfolk nnd Western Hallway and ther JZ
nu iuuhcu lorwara io as such. The Mill'1-!
ment tor Sentemhek hnwj e....v.. ".'"''3
nnw.manl n-t. W4. eM .... . ' M
.......w ..v nivp. aui mo montt
ail nuuittn whs o, 14..10.', WHICh lg IK Wxrfl
813.688. n train nf tltios. "8
nrmt Ihr. mnnO.. ., .1.- m Sj
...... .... ...w.....n U mo imcai year
so w" tn,i,m, an increase of
32J,8Ti2, The net for the same ei .
35,362,600. This compares with 11 mi ,i
'en.,tThS,rmmo erl01 ot ,ast ye,ir' l ef!
837,735. J
Tho company continues to spend a rooOIr '
part of the earnings for maintenances'),
way nnd other expenses, but not quKa aa
much as last year. For September tk.
proportion of expenses to operating rerewef
wan 66.21 Ver cent, against 68.90 last mri!
three months 66.80 per cent, compared irtt),;
u,.ow jic uciiv in uio iirevioua year.
A es. 8 r ja aat v tk & -. M a.
iiiu,nui vuu earnings statement was'
that of the subsidiary companies of tk
Atlantic. Quit nnd West Indies for Autw 1
nnd eight months. Much of this atne J
held In Philadelphia, The gross for Aura :
was $2,835,231, a gain of 11.340,209, jrhth
tho net rose 1716,299 to 11.044,760. The J
surprius tor tne month showed a remark-'
nble gain, the Increase being S710.M) J
bringing that item up to 3883,016. The!
eight months' statement Is cen mon eJ
markable. The gross was 321.655,911, iVi
Increase of 18,637,910, and the net a4.I
vancea j,ju.tj-j to i,u;i,vi6. After UmjI
deduction of fixed charges there was left ai
surplus Of (5,711,923, a gain of S3.S04.14t.-j
After looking at' this statement It l aai
hard to understand why the price of t&i
stocK nas aavancea bo snarpiy.
and prob
Indiana Knlr today, warmer north nnd
liy nrnbaiiiy eiomiy.
Michigan fair todayi Hunday unsettled.
Ni
llnston
Philadelphia
Ilaltlmore...
fhleaan . . .
8t. Lnuli....
New Orleana.
avmn Itlel
Ave dai..t3.
Other cltlei
nva days.
1.111. fc94. 3112 .. 0.7
1.1.1,3ll,R2fl --B4.0
31,319.0411 O .1
274.iin7.non .1U.2
74,210 B77 42.3
20.877.770 4-89.1
.008.230,357 13,030.008.431 29.0
001.482.740 008.042.711 34. S
TUe dayi!f4.800,730.103 13,724,031.142 30.7
Aono la'yf." 1.085.084.003 7111.010.1113 42.7
TCfor ,week!Vo.OS3.72S,790 14.48B.070.807 35.0
220
14
B4
14
07
31
30 7
130 3
06 1
4
228 2
14 Vi.
04
14
100 101
73 73
110 110
101 102 1
1B0 130
26 20
68 63
114 144 1
10 10
22 22
60 60 t
.110 110 110
71 71 71
Local Reserve Bank Statement
The condition of the Federal Reserve
Rank ot Philadelphia for the week ended
October 27 compares as follows with the
previous week:
RESOURCES
October 27. October SO.
GOfe.,ninnvaSltr.,!t.J10.443.B12.BO $18,402,882.80
a0b'ala,ncoe?.e.n.t.f.U.n. 1.80I.O00.OO 13,827.000.00
Oold redemption td. 50,000.00 60,000.00
Oliver?".1!" .I"1": 443,817.78 388.073.08
FOREIGN EXCHANGE
NIXW YORK, Oct. 28. The usual lnac,
tlvlty In tho foreign exchange market was
oven more pronounced at the opening to
day. The only features were heavlnc In
rubles and moderate Improvement In Scan
dinavian and Dutch exchange. Italian ex
cnange also was a little steadier In tone.
Quotations: Demand sterllna- 4.76 n.is.
cables 4.7G 7-1C; franc cables 5.83, checks
6.81: Relchsmark cables 10, checks
70 6-16; lire cables 6.57, checks 6.58;
Swiss cables 5.25, checks 6.26; Scandls
navian kroner cables 28.60, checks 28.50:
guilder cables 41 plus 1-16, checks 41 1-16
IctH 1-16; pesetas cables 20.3C, checks 20.30;
ruble cables $1,03, checks 30.95.
Iong sterling Is unchanged at 4.71
4 71 for 60-day bills, and 4.69U 4,G9
for 90-day bills.
nnsns Oenrrnlly fair toda
nigni r
-. nan
rentrnit Hundir. Mobility el
.Michigan
probably rain
CHICAGO, Oct 28. A great volume of
buying this morning carried the wheat mar
ket to a level not attained since the famous
"Old Hutch" corner In 1888, when prices
reached $2.
December opened at $1.881 to $1.8716
against $1 86J$I.86K at the end yesterday,
nnd sold at $1.89; May started ot $1.87 to
$1.85 compared with $1.84 to $1.84 at
the close yesterday; July ranged from
$1.51 li to $1.50 at tho outset, contrasted
with $1.49. yesterday's last price, and
touched $1.62
The high for December was $1.90 and
for May It was $1.87. Both closed off
from the top.
The best price for' December today was
6c above that scored In the Letter deal In
May, 1898, when that option sold at $1.85.
Sellers were timid.
Cables from the market at Liverpool were
delayed. Exporting houses had few ad
vices from the English market, but one
message said that wheat there had risen
Is 3d a quarter. Cables said that recent
rains were beneficial In the South, but that
the weather now was generally clear and
hot
V net advance of 8 to 9c was reported at
Dueiios Aires, with the demand from ex
porters urgent In spite of the scarcity of
freight room on vessels and high charges.
The receipts at Minneapolis and Dututh
today were 665 cars, against 1582 cars last
year; at Winnipeg 657 cars, compared with
1803 cars a year ago; at Chicago 83 cars,
contrasted with 124 cars.
Iadlnz futuro ranged as follows:
Wheat Tei'day'a
Open High. I.OW. Close. cloie.
Oee... l.na l.wi .
May... 1.R7., 1.R7V4
July.!. 1.B1U 1.B2
f'nrn frtsMV rt 1 1 V4 I V
Dec... PJ4 0054 HK ROW R0V4
Mv... fiiii 02 0)4 not! (II
Vl-H VOV4 VU7S VU?4
I.OW.
V.H7I4
1.R.1K
1.B0
l.NII.
1.S0H
1.B0W
1.8(1
1.R4H
1.40
July
ssu
ly...
Oatl
Dec...
May. . .
ira
Oct .. 10.40
Dec... 10.47
Jan... 13.00
IUba . . .
Oct.... 14.B2
Jan.... 14.17
Oct:.27.47
Did. tAiked,
A SUCCESSFUL BUSINESS
MANAGER IN THE MARKET
In December
When I ko to (hs preildent of a
Urea corporation to arcurn a itock
tnttrrnt In the company tho domi
nant factor will any:
"Smith, you hae don rood, work
for ub. we will add S2.VH) to your
alary nrxt yean we know you art
a nrt.-clas executive and manner
ot men and thine!, the Ideas you
have contributed tu mir business and
their effective operation are larrtlr
responsible for tne Iniream In sales
this year of t"2 iter rent,
'So far. howeer, we have not
found It ntfc.ary to dispose of
nmoanr stock to anr one: duiinr SO
earit v,m hae fairly prospered fn a
small nay ualnt a battery of low-
pricca men -we are sausnea ana
reel we can set
wav.M
"Air. President.
say. Vunlesa I can
nrcumulatlnir benefits from mv In.
ward productive capacity at the are
of an, mv declining years will not bt
adequatey provided for nor Is th
required Incentive present when to
proepect ot partial ownership Is not
ahead. ,f
Then I can hear him say, "Next
ear we will be payinfc ou consid
erable more money than any rfflccr
of the concern excepting myself; we
are 'satlsned and
alontf n tnt pld
t." j would then
:an M assured' tt
will i) refer to adhere to the old dIsji.
hire two men or three at half our
salary and depend on their combined
extra physical capacities to handle
more profitably for us the system
and organization you helped chiefly
to establlih In smooth runnlnx ordtr:
while we are show Ins ''consistent
rains, we can dispense with produc
tive Meat at least for the time
being.'
Now. Krntlemen If It Is true that
no business Is broader or greater
than the man or men who dominate
Us policies, then this corporation
does not oiler me sufTlclcnt room for
expansion.
Any company of business men
seeking a manager, will find In the
writer of this notice an executive
of hroad experience ponncMlng. vision
and the necessary knowledge dt bust
ness i una amenta m vu irMip utcan
and intelligently the problems to be
toped with In successful manaxs-
meni. J u., jucugvr wiuw.
10.TS
111.47
la.os
14.B2
14.'J0
B5
08
55'-
B0
B4
'
asM
10.60
111. so
1B.B0
14.B0
14.10
110.70 116.S5
tIH.4.1 tlO 25
1S.00 1B.45
28.05 27.47
:o.7
20 BS
J Nomina I.
14. B0
14.12
28.00
'.'0.11.1
28.00
14.80
14.12
12f.S7
20.7B
20.B0
KEAL ESTATE FOB BAXE BEAL ESTATE EOB SALE BEAIi ESTATE FOB SALE
BUnUBDAy HUIIUKIIAN ' MJDOBIJAN -
1,1,1
Charles J. Bender & Co.
INVESTMENT BONDS
Members Philadelphia Btock Exchange
NORTH AMERICAN BLD
Total reserve... .11. S?8. S1I0 2S 27.n48,8B0.41
Commercial paper.. 774.1132.44 HII7.011.76
Bank acceptani... ll.0D0.8a7.40 12.044.274.21
Total blll 41a-
bought1 ..,.". 112, 773.800.00 I12.741.S23.00
"'note. I?.n.'1.,...,i- S.SBO.000.00 8.480.000.00
Munlclpai warrant. 3.270.672.41 3,844,887.89
Total Investment. 10.020,072.41 7,024.B7.S
Duo from other Ked-
eral reierv. banki ......
i.o.t.oiu.vi .,
(net)
Federal reitvo note,
on hand.........
Note, ot national
hank, and other
Federal Reserve
banka
All other reiourceu
C20.S10.01 483,440.00
43.41S.Oi
ESU.031
.00
08.220 00
421.208.39
surras and bogs
Ginulited Sugar Unchanged
KBW VQRK. Oot- ' Fto tfaceuUted
Mifwr imi VXtlA at 7,7Vc by Iho, ?4wal,
rib llsv itewdl. WaratM- It AftMMaila and
4mt tar iVm Amrt4Ni. 1m lut w in
tot QiiVr jw waa unrtiang. at'o.tiVa.
'BAR SILVBJt
'Sr allvaB waa UU4 at StKd In lmAm
Hwday, mi ,KV "
In Naw York oomiaaralal bar atlvaf waa
luoi4 io4ay at 7o, ity a.
M.
U H Bteel 110V4 118 118H V
do pref .......111 1I1UJJ1S H
Utah Copper . ...108Vi 100U iooh 1
Utah Seo isy. 18 18V4
Va Coaf Ir & C. 68 85 85
Wabaah 18H 1B ltt H
do pref. A B7Mi B8i B7 V
do pref ft 31 soft toft
Wells Farso 1S7 1S7 1S7 Y,
Western Union . .105
Westlnghouse Eleo 1K
White Motor .... SB?.
Wheeling & L B.. 8
do 1st pref .... 8
Willys Overland . 44i
do pref ...J... 108
Total resources. ..143. 700. 551. 34 148.305,018.10
LIABILITIES
raoltal paid In $3,223,850.00 15.223,860.00
pfont and lois.::.. 42.482.23 42.482.25
,Un"tV"....f-" ".' 84.524.003.00 82.012.221.30
OovVrnment deposit., 3.018.823.12 3.874.023.00
Uu. to other Federal
lleserv.banki.net .......... fl.041.M4 37
All other liablllllea. 204.88 280.28
Total liabilities. .143.709.235.84 448.805.018.10
75
LEflAT.
ADVr.BTiaEMBNTS
S NOTICK 18 .11KKKBV OIVKN THAT
22 an application will b mad. to the
Oovernor.pt '" ".'- .,-' nl.VZ" Ya"W. K'J
mV J.Vney. Joseph K. Harrough. and Nlal
AH
Stone
Homes
With
Private
Garage
$6350
TO
$7100
According
to Width
of Lot
t,a a
illHIlHEssA
KB b 1 pji ss w tgj Bjp jsj sag sjpj; m m bjh jg-3fl MB M i t 1 SBK
ImQ . f?M 9b. AmMmtm r..1. yfiBSk PTJ 9r IMT- iJm .MaBaw hl " Bt rTTSaattafci.
B iwJBSaaSjBSiBSJSBjBSwSSawSaSraBS wSSSSBSSSaBaSBBBBSaaeSBJSSSawSaSS
I
Mon
IiTotnaV Jarney. Joseph K. llurrough and 14
no!PATit.tZ.i ,,iA.r l ha act of Assembly of t
mmonwealth ot Penn.iylvanla. .ntltled "An
ict to provld. lor th. Incorporation ana regu:
101H 10SW Ml
ei 0314 H
55 65
84 34
8
4SH 4SW 1.
103 103 W
Total tale.
Kia.tlWI kharn.
400 sLarMi last week, 6,0414
7X0.700 iharea. eamoare
are. last Haturdayi tlili week,
iivu eiiarca.
red with
0,vw,
BATES FORMONEY
Call
rtoston t a 1 1 57
01
per cent.
i4
tnicaao ................ uis w
Comraerclal paper, thre. ta .lg months,
oaipnia. s v.
. Vhlif
HANK CLEARINGS
Baali ckartosa tedty oowpared with oorr.
atSkalEr Tl.t twe U..i,
iMrfo .,.. .fW.IW l.JrW,4W .n.in.Mj
DIVIDKNDS DECLARED
PtnUr Acker Cmsokut. rejruur quarterlr ef
IH. IJH-f5T VrrX aairaWi NovewUr 1. .
.fW. ."?" Ji. Paa
. . ow uww ,
r.tioi
ti"-"i.
thi charter ot an Intended corporation, to b.
railed "Jnnner , llurrough, Ineorporated." th.
character and object of which la to manufacture
in ot certain coriraiiui.. viirv.ii ac.i.
1874. and th. supplement, thereto, for
CnaraV. kl...Y !n flr, an.4 rallla nt
Kather. lo deal In. the same arid sell th. artl.
clei i manufactured by ft. and for thes. purposes
to i have and puiMW. and enjoy all the right.,
benefits and privilege of th. ..Id act of Assem-i
Ely and Its suppl.menta. ..
jjtin i. iviivoKJC
Holl,llr.
1835 Tnd Title Hulldlnc.
IIVI1HND8
THE SIXTH NATirfNAX. BANK
Philadelphia. October 24th. 1018.
Th. Directors have this day declared . ..ml.
annual dividend of a per nt, payable ro-
At 69th St. Station of the Market Street Etevaied18 minutes from BroadSt.
Two things are weighed by, the thoughtful, careful buyer before he purchases a home substan
tiality, with economy of upkeep, and convenience of location. Consider these points:
These houses are all .stone and all the walls, even the
party walls, are 20 inches thick. They are substantial,
solid 1 There are no frame porches, no frame rails, no
frame posts. There is no stucco work, no galvanized iron
C.Uel-artl-ial .nil
UUUBlouuai uaava -.
Economy of Upkeep
eord at
5ffij buim..-.' asiss,tet.,i.r!
Check. Will be mailed.
ChMSa wu. yftUAAls BAi,TWii. caahUr.
UntANKUN NATIOVAL BANK '
, i rniiaoaiMi. uaer tb. ibis.
" " J. WM.
i His Um i
d.Kii'aaalwr
Bjstsr
lu'ar'
ssm.&ji
KAHDT. CaeMM-,
THK 4HRABB XATI4WAL SWsNK
rvu
t bam
aaaieea. .uumbu urivuu . ibmi.ii.wi
V declare! a'dlvWeaJ
ree.of tu.'par.Ms
(.
JoatsPK WATMH. it,, HyulliaU
rwsrrttT tr A-rmr-
LHHtmtem'u
Convenience
of Location
cornices to repaint and repair. The economy of upkeep is apparent.
These unusual homes are at 69th Street Station of the Market Street
Elevated. One five-cent fare wth no change of cars, and only 18
minutes to Broad street. No other development In or outside of
Philadelphia can offer such swift' and economical transportation,
Priced From $6350 to $7,100, According to Width of Lot
These homes iare similar in construction end'style of architecture to those built by RM on
Lincoln Drive, and at Wy"wSW and-wWeh sold from $10,000 to $30,000. Each has a garage,
with driveway from, the jttraat and,alongiWe the house, No other builder ki or around Phila
delphia has crowded so much real and hottaat value into a house as that whlcjf yo will find in
these well-planned,' all-stone homes 18 minutes from Broad, street. A large purchase Til
blocks ef city ground anaWas me to do W.
The house jJotured. above, U oh a tot 72 fee wide and sails for $7100. Similar hwwas on iO-foot
lot cost tiW, whkhFaskoly, $ and after titt
' Carrying" Char get 4r Oidy $32,50 a Month
S4Uot yiHtr hestw t4w aai hv H iiinl to tritwiVislvi4lwsafiiiisViwisitt
JQHNH. McCLA TCHY
Mmihhr
Land Titk Building
As
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