'W
EVENING LED0ERIHIJDADELPHIA, TtJESDAT, OCTOBER U 116
FINANCIAL NEWS
ro
IOOLSI'ROMINENT IN STOCK MARKET;
MANY EARLY DRIVES IN SPECIALTIES
DMlfoi in 'St-1 Dtermined Almost Wholly by Belief
That Earnings Would Be Be-Jow $85,000,000
Trading Much More Professional
Illfh Points in Todarfa Financial News
Pooh operated on both oidet of uteck market throughout day. Dealing!
more prof'eooional than for a long time. Covering rallied grain after heavi
mm. CeMtm etito beotm stronger. $5,000,000 mere gold arrived in New
York from Cemtek. Priee of bar silver higher. Philadelphia city bond Utile
of f 19,000,006 it about fhe timoa oversubscribed.
X rtisw yoiuc Oct. si.
Trjtdlns in the stock market wan Influenced today to a great extent by the
efforts of pools on both Wes of the market to forco various stocks In contrary
tttrf-ctlens. Mtaeh wan -Mtkl about the United States Btecl nUtfcment, which won
published Just after the close, and tho dealings In that stock were determined
Imoat wholly by the belief that was placed In the maoy estimates that
tho earnings would be less than $85,000,000, while others were that the earnings
ot the corporation for the September quarter would be moro than $95,000,000. "
v Those who believed in the low estimates sold that stock at 'frequent Intervals,
ut this selllnfr was offset by buying by stronger Interests, who really did not caro
what the exact amount of the earnings for the quarter would be. Drives were
made at many specialties early in tho day, but pools In a number of industrials
had no trouble in forcing sharp ndvanccs in stock like International Paper,
American Linseed, Corn Products and Steel Foundries. Lato in tho day thero
was a bullish demonstratlotvjn the coal stocks, an which Reading-toso from 107 H
to above 110, and Lehigh Valley moved up about 1 point
These various movements made the volume of business nbq-ut as large as
on many preceding days, but dealings wero more largely professional than they
have been for a long time. Except for buying on declines bunking interests
continued to keep out of the market, maintaining their attitude of refraining from
taking any position until after election.
There was a marked chango in betting conditions. On tho Brond Street Curb
there were large offers to wager on Hughes tit 10 to 9, but tho best that could be
done was to place money at 10 to 8 on Hughes against "Wilson. Offers were made
of 2 to 1 that Hughes wilt carry New York State and J to 1 that Whitman Will
bo elected Governor, but none of these, offers was taken.
Thero was heavy trading again today In tho bond department, with many
issues showing pronounced strength. Colorado Midland 4s certificates roso from
13 to 14ft. International Agricultural Corporation 6s moved up from 78 to 80,
and thero was heavy trading again in Sti Louis nnd San Francisco Issues, with
the 6s moving up from 62 to 63 and tho 4s advancing from 71 U to 71, South
ern rtnllwny 4s were also active and strong, advancing to 77, and tho itamo
amount of advance was made In Missouri Pacific new 4s.
$5,000,000 More Gold Arrives From Canada
NEW YOTUC, Oct 31. Gold to the amount of $6,000,000 was received from
Canada this morning and deposited at tho Assay Office for tho account of J. P.
Morgan & Co. i
NEW YORK STOCK SALES
I I Wllll I I IWI.II.I..W ...II 1, il , I ...... i
G8K
12U
7
25X
8l)f
8(1
Low. Close.
fll! 03
12K
OK
2fiK
81H
82H
102
C8f
12K
OH
25M
8IM
80.
102
118M 118H HSK
"87
lOli
70
23
27M
MH
82H
mi
10
09
28
24M
57
S2M
Wi
133
51 K
filtt
KW
Mil
U5
61
133
sin
47
60H
70h
01
C0K
10H
09M
28
20M
69H
82K
120JJ
(AH
133
r,H
40f
52U
81
05
Last close. Ilsh
Aes-eTea OIK 62
AJejt Rubber COM
AittkaQoldM,. 12H
AUUta J Gold M -. 7
AWs-Chalmers Mfe 25
Allls-Cnal Mfe pf 81!f
Am Ae Chemical 83
Am Ak Chem Df 102!f 102
Am noet Sugar 103! 102J 102K 102K
Am Can 62 02tf 01K 01H
AmCanpf 1135J 113K 113U U3t
AmCarFdr 07tf 07W 07 075f
Am Car & Far nt 110
Am Cotton Oil..., COW
Am Hide & Leather. . . . 10!f
Am Hide & Li ps G9
Am Ice Securities 2S
Am Linseed 2Jf
Am IJnseed pf 67f
Am Locoraotlre S3
Am Locomotive pf 100H 100H 100J NXUi
Am Smelt Rel 111H ms lit 112
Am Smelt & Ret pf 117H 117H 110H 110H
Am Smelt pf A 09U 100 09K D0J
Am Suear Iteflnlm 120 121K 120
Am Bteel Foundries Ollf
Am Tel a Tel 133
Am Woolen...., blH
Am Writing P pf 4711
, Aa7JncL&Sm 62M
AmZL&Sm pf 79U
Anaconda Cod M Q4tt
AlcaTop 4 8 K,., 107U 107K 107H 107
AuauifAwi ,ioo ioom van w&H
AUQ&WIpf., 70If TOM 60M COM
BftldLocoWks 83M 85 83)( MK
Bald Iko Wki pf 106M 100 100 100
Bait A Ohio .83 88 87 H &7ii
BrrettCo ,...100H 100 160 ,160
BorofCroj 81lf 8W 81H 81!f
, Bella Superior........ COM C0!f 65H OG'f
Cl Petroleum pf. 61M bill 51M 61M
Canadian racUle...,...173M 173'f 172M 173K
CeatralLeather 05 U7Ji 05 00H
CeatrarLeather pf 115 116M 115H 115H
Cnes a. Ohio.. ., CSJf f.O D8M GO
Chi Mil & St V... 05 05 05
Chi M & St P pf 120M 120M 120M
Chkaco Great West..,, 14M IS Wi
Chi Great West pf 45 40K 46)(
Chi n I ft l'ae... 33! S
Chile Copper 23M
Chlao Copper Olif
Cel Fuel 4 Iron C2M
Continental Can 103M 102K 102M 102M
Consolidated Uas 13Si 138M 138U 13HH
Col GU & KlOC 30 W S8H SO
Col ft Southern 35M 3.5 35 35
Comet T Reo Co 47
OoaO EL &P Dal.. .,124
Cera Producu Ref 18
Cora Prod Ref pf DOIf
Crucible Steel.., S7H
Cuban-Am Snear 235
Cuba Cans Sugar 74 H
Cuba Cans Sugar pf,... Wii
Den ft lUoarpf ,. 47
IMttUl Seo Corp'n 45
-, Krte , 30
rie t pf 63H
Gaston W ft W 46
3 fltoi Chemical pf 110
(Mend Btoctrlc ,1811(183 1S2 182M
OtAwal Motors pf 126 120U 125U 125f
soarlebBF 72M T2M 71Ji TIM
aUNerurapr...,.iiHM H8M lis
a K oh for we prop,,.. 43 43, 43
States Suwl 06 054 05M
laapCoa Cop...,,.,.,. 06H
lat Agrlsultural ,23
1st AgrtfUltural'pf 6UU
tot Coo Cor t t 6 a, , , 19M
35J
02
63M
34
22);
01
MM
05
12CM
14M
45M
34M
22M
02
62M
47 47 47
125M 12SM 125M
10M 17M 10H
02M 01 01M
01 M 87 89 i
237 237 237
76M T3M T3M
COM 00M 00M
40M 40 40
45M 45M 45M
30M 3SM 30
63M 53U 53M
40 45M 40
110 110 110
67M
27M
00M
10M
66M
24
60M
IBM
118M
43
05M
66M
20M
60
10M
1st Cos Corp'n pf..,.., 75M 75M 75M 75M
1st HarrN J. ..A... ,,118 117M 117M H7M
Zat close. Illsh. Low. Close.
Sears, Roebuck 4 Co . .223 32M 222B 22
ShatArUCop 30 29M 29M 29'f
Southern PaclHc 100M 100M 100 100M
Southern Rt 28M 28M 28M 28J
Standard Milling 105 100M 10GV 100M
8t Louis 4 8 F w 1 22M 23M 22M 23 M
St Louis Southwest pt.. 40M 46M 45M 45M
StudebakerCo IMM 129M 127M 120M
Stuta Motor 60M 60M 00 66
Tcnn Copper 22M 23M 22M 23M
Texas Co 225 225M 225M 225M
TeotasPscinc 15M 13M 15M 16)
Third Arrnuo., 64M MM 64M MM
TolStLftWest 8 8M 8M. ti
Tol St L 4 W pt c dr.. 12 12 12 ijl'
Under Typewriter 109M 109M 109M I09M
Under Tjpewr pf 117 117 117 117
Union llsg 4 Paper 14M 15M 14M 14K
Union Hag 4 P now.... 101 101M 101 101M
United Fruit 101M 101M 160M 101M
Union Pacific 160M 151 160M 150M
Union Pacific pf ..83 82M 82M 82M
U S C I P 4 F pf G3M 03M 62M 6JM
USInd Alcohol ...140M 14.M 141) 110M
United Cigar Stores.... 100M 100M 100M 10 JM
United lls Inv 10M 10M 10 10
United Rjs Inr pf 2Z- 21M 21M 21M
U"8 Rubber CUM COM 60 69
USSR4Mpf 50M 61M 51M 51M
U S Steel Corp'n 117M H0M 117M 118M
US Steel Corp'n pf..,.121M 121M 121M 121M
Utah Copper 105M 100M 105M lUoM
Va-CaroChcm : 40M 47M 4UM 40M
Va Iron Coal 4 0 64M 57 50 67
Wabash 16M l&M 15 15
Wabash pf A 50M 66M 66M 5UM
Wabash pf D 30M 30M 30M 3UM
West Union Tel., 102 102M 102M 102M
Western Maryland 29M -9!i 28M 20
WestG4M 63H 64M 6.IM OJM
Wheel 4 Lake Erie 3M 3M 3M 3M
Wheel & L K 2d pf 4 3M 3M 3M
White Motor., 55 55 51M W!i
Wllys Overland 43 43 42 izli
Willys Overland pf 102M 102M 10JM 102M
Wisconsin Central 54 54M 64 51
Wools, orth F W 138M 130 139 139
Worth Pump pf D 6QM 50 69 69
Ex dividend! Connecticut Ttallwar and Light
Company, 1 par cent: Connecticut Railway and
LUtit Company praferrad. 1 per cent: Writing,
houa Air ilralce, S per cant; Norfolk and West
ern preferred, 1 par cent; Pullman Company,
3 per cant Uaara-Roebuck. IK par cent; Corn
Uxcnanse liank. 4 per cent.
COVERING RALLIES
WHEAT AFTER DROP
Close Is Irregular, With Decem
ber Lower and May and
July Higher
latHarrN I pf.. i,.,., 130 120 120
1st Paper U... SOH 04 56M
tot Paper Pf...'.. 10SM 107M 105
totNIek vtefs.,,.,.,. 50M 50M 60it
.WMMUiK 3M Smt 30M
UtM M pfcof dp..,.113H 114 113
Xa City BtoMhen..,,. 37M 38 28
Kan CHy South pf BOM 01M 61
lUUy Spring Tlw..,..., 75( 75 74M
XmnetoU Coyper MM 4M OM
UckSUwl Co .,..,,... 8M MM WM
Lake BrW A West...... 2M 24M
Lake Krte 4 Westpf..., U 62 62f
tee Hubbr,TlN 44 40M 40
Letilgh ValWy...t sU MM 89K
Looe-WUM Hlscolt MM S7M 30
MwweU Mown........ MM UH UH
Mai Motyts 3d Inf U UH 54M
MvDetae7..,. e NK 7M
Urn MieiMSH.. lOWt ltMM 108
sstssatOoMM,,., , 4M 40M 40
SRIilW UK M M
radac. ..,.,,,, Ml
rnuou,.,,, 9V
rf V
L -9o K
120
62M
105
60M
aoM
113
28
81 M
74M
'53M
88M
25
tm
40M
84M
27M
WM
MM
mn
10M
40f
96
m
iaM
84M
S3
rtO Wl. ...... 37M 3SD MM
KasvATMa...... 7M 7K, 751
omout i.-.xmtmxiwK
OssktMt ,.S4 MM MM
" .r Eli1. . . 51" r
CMOsje.. wm PH tfH ON
MAssttsta....S VST lIP 14
A we. JMT mi mi mi
E&'rijitLiiiC
MjtvStfa.V.V.:.'. SJ J4M W lS3
icWC... Wh sjQM 4tiH .i
onomlH Ml &it 44 44 44
Mi .'.'.'.'.'.'. UH 44M SUM 4M
sjnfatfastT tiM n 7iU n
ffi M' is Uj al
i"'M,-tffi JtM WJJf aM
sHSSLtt'r.'fi
CHICAaO, Oct ST Covering rallied the
wheat market today after It had been
rather heavy on a rood deal of aelllnar. due
to cloudy weather In Argentina.
There was no rain reported In that coun
try, however, when estimates on the' ex
portable surplus are being further reduced.
Nervousness was displayed over the subma
rine situation.
The close was Irregular, with December
He lower at 1., after It had been as
high as 1,90 and as low as 11,8714. May
finished lie higher at $1.86, after It had
been up to S1.8CH and down to 81.84; July
closed at an advance of Ho at IL49i,
which was the beet level of the session,
after It had sold as low as 11.47;.
At times December was under consider
able pressure and there were reports that
longs were Inclined to get out owing to In
creased difficulty In Insuring wheat In ele
vators here.
Leading- futures ransed as follows!
Wheat
n., Jllah.
n l.wi
6H 1.84K
Ooen.
Dae... l.M
May.. 1.H6H l,gK
July.. , 1.40 l.SttK
corn maw nanre:
I)0... th
K
Juir.v.-
farsl
Oct.,, Ifl.M
Ara, jn.w
19,99
7fir
J.84
MY
tidV
hH wk
1T.00
1.4B
13.60
14. K)
IS.tK)
Rffc
UK
i
i
1S.SS
lft.M
m
fcii-
Oet... 14.W
mjH m
Cloaa,
l.HU
,SoU
08.
1T.00
la. 45
tl.4T
i:U
30.00
ae.u
ae.at.
Tts'days
cioae.
l.JOH
1.87
4K
1ST
8
eu
?H
08
le.so
.4R
10.45
14. KO
13.841
M.OO
M.J8
a.W)
FORKIGr EXCHANGE
MBW TORlf, Oct 8I-,Tmi feature) t)f the
foreman exohsmge marksi n the early deal
Ingsi WsUy was a further deHe In Vienna
schange to ll.W for cables and 11,81 for
4mosm, a Ism erf a. point Horn the previous
smtswsise lew ssgsrrl. ItalUui exehansra
J w weak at l.M toe aaMea ansl I.HK for
Htt,
Tt5,
Pssnaiiil atarilac
4TlJaS4.t( 11-141. sOSilis 4.11 T.lf. ta.
stoy iilo, nsnsliy.fbr T.UM 4.784, l-sW
MS i.infin; STUM isn t.sa
ease V : rensseanarn oatiiM
ehsysw T l-U: wtw ssattUa 1.14,
I 81; Soivs1(MTlaa kswtvar' oabtM
otsoks 88 41 ; wislii eabkssi lUi,
18 S ; gulUav sjsJWm 41. shsssis 4 U-U :
oasslsss 88. os fcs e,7.
DIVIDKNOg DECLAKED
ir,(,
Neto York bond Sales
... .. v.MIH
ftwa Aiaava.uia er fta or ,
4Ne Amar Asr.dtb Its... lw
2eeee Anclo-rrench Its ,. V
.Itwo Amar Jllda I, fls . loi
.looo Amr For Be 6s...., 8
KOUO Amar rlmelt Sh U.(lll
Qo Ainer Tfl clt 4s...
.looo do er 4s ,. .,
80000 Amar Writ Tap Cs.
2000 Armour Co 4HS.,,
VSOO Atchison ran 4s...
1000 do adj 4s ,.,...
1001) do ct 4a i5S..
80uo Atch Trent 8 L, 4
lovoo Allan 0a Line 4H s
000 do lt 4a . . . .
IUVV UV (II IP . , "I
8000 lUll Ohio SHa...... 04
2700U do As 101
annuo ,in 4a . ... dj
II0OO do ev 4Hs VST4
1HUOO do Mwn SVis , .. U
SOOII Iltih Ktrcl 1st ts. . 104.
S0OO do rfd ft" ,. . . .lOSK
tnoo Itrkn Itp Tr 4s .... 7,
1000 do r.a 1018 loou
7ooo) Can Uov r,s 1031 . ,. 100ft
hOOO do lt)2lt .... ..... SOU
4hmm) do last .. . .....loou
10OO Cat One F.leo 6 a .. l"tS
.'(wo Cent (la cons n,.,..102H
.sooo Cant I'ae lit 4 P0'4
170UU Chill Copcar 7s. . . ,.. .127(
BOOO Chas L Ohio 4Mb .... OIH
184000 do ronr 8a ,....,,. PIS
10O0 Chi A Alton atta.... 08K
SI 00(1 fjhj (It Writ 4a...... 73.,
U'ooo Chi 11 A q joint 4s.,. in
Kimn do ren 4a H3S
3000 C II Q III Itl M'
10011 C II U Iowa 4a..., W
18000 Ullll I 4s 1V23.. I'5'i
10(h) do nan 4a , OJ'.t
4000 do conv Ba ,,,,,,, in.,
10UO do cv 4Hp 101H
S.tOOO C H 1 r rfJ 4a.... 7AS
auuou no oa ..,,,., ni
11000 do 4s H8
Vnoii Chi Tlwy 3a ,.,,..., 110
3000 rol Indualrlal Ra ... HO
1300(1 Col Midland ct 4a ... 14.,
14000 do 4 .,, 14
Slixio City of Tarts Oa 9NS
3000 I'omp Tot) lleo Co Oa. 87
loiHI Del A Hud conv 4s ..107.,
lOOO do rfd 4s 9SU
37DOO Dan A Kin Ur 4a .... MH
1000 do rfd Ss ., 73 .
KHHI do 4'sa , 8AU
2000O do 6a ROK
1000 Erie conv 4a gar A... 08H
8000 do conv 4n aar 1.. 87 .
Iihh) Rrle prior 4a ....... 84tt
2000 Oranhy Co Ca ......107
flnwu do ata Us 107
1000 Hud A Man In 3s,.,, 2uU
Low Close ,
4. 83 .
U 10OV4 looH
fa loss loss
Viy. vvt ii
. 103H 10354 ll'S.H
. 8 38 8NM
. iS'4 8 3ts
. mil 04 4H
. Ml 89 811 ,
. . 1H et 1H
. . V8S 3! 3
.. 3 34 3H
i lom luiH
2 J
104. 101 ,
10214 103
lOOtt 1 00
iooi mow
t9 .ltU
100., 100.,
Kljti 102(4
w
lif
8j
84'
1111
100J4 IO0J4
102t 102
7llK 7ll.
en4 i4
auu uo rra an .,,..,.,. o;
20000 III Hteel dab 4Ha,... 3H
.1(M)( loira Central ref 4a., II .IS
mww . io um ...,, ov.,
noon III Central rfd 4.... UIK
2PO0U . do 4a 1U5J ,.."..... uotl
niHIO tntrrh Mat 4i 73 Vi
4000(1 Intcrb 11 T reifta.... H8U
714
u
80
iQVs
(IBIS
. 88
.100
U., V( (!(? 1114
...102(4 1024 102',
8.. 03H 3 3S
... 11.1 0.1 , OPH
...112tJ 112 i 112 i
or,
04H
07W
S7S
10000 Inter iter Mar Us
13UUU imrrni 1'iwr ss .
V1O0O Inter Agr Oa .....
70VO K O Kt 8 A M Sa.
20000 Kan City Ho let 3a,
CilOiX) Kan City Tar let 4a.
10000 Iicka Hteal Ss 1023,
omuuii uckii nieci D9 1V.1U
11)00 Uic.vde (Us rfd Sa,
8000 l.k Hh deb 4a 1028
ii-uuu ao deb 4a 1831.
loni) Iiu A Naah nn 6s
lUlfll OO 4B ........
r,0OH Minn A Ht 1. 4a.
000(1 Mo I'aclfie ct 4a
20300(1 do w 1 4a ....
mil M) do cv ct Rs ss
400O do rona (la 103
10000 Mont Tower Oa.,..,. DUH
100(10 N X Conn Itwy 4V4s.. ou(4
ISOUO Nat Tube Oa 103
18000 N Y Air Drake, cvt On.ins
1000 N V C L, 8 3Ha.... 7874
1(1(100 N Y C A U a 114t4
0000 do 3Ha Zl
3000 do 4a 1)2
1000 do 4A , V.'iU
10000 N Y Gil It A l'4s.... 80
0000 N Y N It 4 II 3Ha '47 72
1000 N T N 11 1 II res 0a,112Vt
4000 N Y Itwy ret 4a 74i
16000 do adj Sa 03V4
1831(0 N Y Tel Ben 4H.,., 1184
BOOO Nor A Weat cvt 4 Ha. 0t4
4000 Norf A Weat dlv 4a .. 1)1 '4
4 nun rorin i'ae prior 4s
1000 do sen 3a
8(10(1 Ore H I.lna rot 4s
1000 Ore HAN con 4a
BOOH Ore A W 11 A N 4a.. 811
4000 arlno Coaat lat 0a.. UK)
0000 Tarina Tel Oa 102
liwu I'rnna en 4'a lu.ij. lo.'.s
8000 do 4(4 a 1021 lOlf. 101&
2000 rhlla Co ronv Sa 111 22 04 04
21)00 Tub Serv N. J. Sa 0.1 1)3
0000 llenub Cuba 4(4 a,... H(IH hUM
y, ioo
84 4Ji
1111 BOH
70 80
13 14
tjS &
87 87
1"7 ,0T.,
I)JV4 OJH
81 81
'., ".,
81114 8li
80., u
08 Vj "214
H I
107 107
107 107
20(4 2014
(I lU Ut4
D3H OSS
d.t us(4
8 8
I'lH D1J4
no , to(i
t)8
1)7(4
00
ial
t)N),
7 M
i.ii
78V 70S
110)4 HOU,
U(4 i(4
88 88
Inn Inn
1)7
4
II8S
out,
80
100
102
0000 Hep I A 8 Ba.
SOOO llwr
32000 Ht I. ft
.10()d
Sll Bnia Ba 1021.101
ft S ' ala w 1.. 8UU
do rfd 3d ct ata 4a, 70 '4
do ten ct ata 4a.
Her Aw I . . .
8000
0000
20300(1 do
37000 . do Her 11 w t
03000 In vr I ....
10000 do sen ct 4a
(iii(ii) ntana uaa na
1UU
.. 7lt
. . 1)0
.. C3
.. 81
..101
i
.... WIT Ui'
a... 8.1(4 83'
a... 77(t 7il
.,..llll(t lot1
1D1
M)
7U
78',i
71
02(4
81
lot
ns
8
lOSJi
u,7
700(1 Seaboard A L adj Sa,. OH
sooo ao rra 4a .......... in
2000 South I'ae 4a 87
itlinni uo cv na ., nTd
vonn do cv ret f p Sa,..,lo.l4
23000 do rfd 4a I 01,
uimu nouin i'ae xerm oi
7ioou Houtn itwy ccn 4
looo ao con os
L'lrilil Hnarta 4a o:l
4000 Tessa A Pac lat Ba , . . 07?; 7H l)7"i
loi)0 'lexaa Co cv 6a . .....101S 1D3S Io'h
SOOO Third Ave adj Ba.,,, 7(1 7(1 7M
2000 do ref 4s 81(4 MV4 8114
2000 Tol Rt It A W 4a..., uo no uo
looo Trl'Clty 6 KhiK II1014 I011I4
4000 U H Healty Ba 70 70 70
4000 U H Rubber Oa 102S 1021 102?i
8000(1 U H Steel a f 3a. ... .10114 10(1(4 loitQ
1 .11 Ml di a f ret Sa lo(4 lOAVa loil4
0.1000 t) K of Q H A I Ba. 08 13-10 IIH'i
22000 Union Tac lat 4a Ii84 uh(4 0(i
4000 do CV 4s 04 04 ' 04
3i)i)i) Uo rfd 4a 01"4 1)114 01S
3000 tin Rwys 8 V 4a 34(4 34(4 3414
11000 Va Car Chm Ca 101(4 101 1(11 (J
3000 Va Itwy Sa tiuu 1)8(4 OUU
0000 Weat Kloe 103(4 103H 1 fifth.
40000 Weat Md lat 4 73 74fi 73
23000 Weat Union 414a 07J1 0714 1)714
1000 Wheeling- ALU 4a.. 78j 78U 7s2
13000 Wlacon Cant Ken 4a.. H7(i 87(1 87(4
COTTON IS STRONGER
AFTER STARTING BAD
Demand Increases Following
Weak Opening, and Traders
Are More Confident
NRW VOniC, Oct. 81. Desplto better
cables than due, the cotton market this
morning was unsettled, December startlrig
3 points higher, January unchanged and
the other months 6 to 12 points net lower,'
Thora was heavy selling from commission
houses, one bolng prominent In offering
virtually all months.
The buying seemed more confident later
In the morning owing to bullish Southern
spot advices, and active months worked
about IS to 16 points net higher during tht
middle of the morning. There was a good
deal of cotton offering around the ring, but
It was well absorbed by a renewal of sup
port from Borne of the older bulls and cov
ering f shorts.
The market was less active during the
middle of the day, but prlce-i held very
steady, with liquidation much less In evi
dence. Buyers seemed to gain confidence
as the market worked upward, owing part
ly to the bullish character of southern spot
news, and active months ruled about 10
to 24 points net higher around mid day.
Tea. cloaa. Ooen. 11 a.m. 12 m. ! n.m.
. .. .u. .1... . n .. . .. :zz: .-
ijeceniDer ....in, on in. 00 i-oa
January 18.01 18.53 18.02
March 18.83 18.01 18 0(1
May ....... .,18.70 18,70 18.S0
July 18.80 18.71
Spot ..,,.,..,18.83 ,.,
18.82
18 AO
18.73
18.00
18.00
18.73
18.87
18.00
10,01
rSHlSmiS'-mmSm.
I1AK SILVER
Bar sliver was quoted in London today
at S2(4rt, up Ud.
In New York commercial bar silver was
quoted at 68 (4c, an advance of Ho.
DIVIDENDS
THE rOUHTII STREET NATIONAL IIANK
Capital. S8.QO0.O0u
Burplua. 10.000 000
rnlladalphta, October SI. 1013.
The Dlreetora have dtclsraU a aemlannual
dividend of Mien (7) per rent. Payable Novem
ber a 10 aiocanoiuera 01 recora si s p, m.
November 8.
Checka will be..malled.
m.. Ttinit., ltrwika will !, a, a. .
November 8, and reopen at 10 a, ra.. Novcint
R, J, CLARK. Cashier.
1TBANKI.IN NATIONAL BANK
Fblladelphla, October 23. 1013.
THO OirecHora iiava iw, W7 uaciaraa
tuiual dlvioewi 01 l-n
r.. navabla NoTeml
if rtcerd at tba cloaa of bualnaas
""" " "57 wit.
ten U0J4I per tent., fre. of
ber.l, 1(16. to stockboldars
is of bualnaas Oetober II4
HARDT. CasbUr.
TltlC 4HSAMB NATIONAL BANK.
rnuaoaipnia, uoMr it, ISIS.
1 ui
KtttT
-04-BPH WAYNK. A-,. 'PraaUaat.
rtww op
jmuhMmwu.
TMIC WA11N(1 HIV
TSOW. saw., as sri
.rj -, ('raaiar.
'WZ.
iT-llsfWi
Oi
)ruvr.
JLANSJ AJWOCU
aaeMtMttta'a sua'
si reatrletio-ia.
WMOTir ACCOVV4MT
INDEPENDENT OILS
LEAD CURB TRADING
Magma, Copper Advances After
Small Loss Early in Day.
Motors Are Quiet
mm TOUK, Oct ll-Independent oil
stocks were the most prominent feature
of the trading on the nitoad Street Curb
today. There was a' good 'general demand
for Southern Oil and Transport at Its
previous high level of 8. Vacuum Oil
was strong with sales at 1 to 1W.
Canadian houses have been the principal
buyers, but In the past few day" reports
hnvo been current that one of the Standard
Oil corporat ona Is negotiating lor Control of
the compnny.
Magma Copper, after a fractional loss In
the curly trading, had a sharp advance of
about 2 points.
Fluctuations In the general lists were
comparatively narrow, with Mldvale Steel
making a fractional advance In tho early
trading which was lost after midday.
Charcoal Iron continued firm, selling at
8(4 to 8H.
Motor stocks were quiet nnd generally
lower.
A new stock on the curb, Transue and
Williams, sold nt 46 U to 441, n slitule be
low the publlo subscription price.
In the afternoon Mldvale Steel which,
had sold at 8, roso to 05 H.
A number ot tho mining stocks were
strong. Consolidated Arizona advancing
from 2(i to 2 D-lfi.
INDUSTRIALS
TIM. AaVed.
Aetna Rxriloelves 104 1114
Am llrlt Mfg- 12 20
Am Marconi , 314 3
Canadian Car Ct , 33 43
Can Car fc Fdr ptef 03 73
Chevrolet Motora ..187 100
Curtlaa Aeroplane 20 33
Kmeraon 1'honoaraph lOii 1014
Haskell Si larkr Car 41 42
Hendea XI fr 23 2S
Kathodlon llronta pref in 104
laurel Oil A Oaa , 0(4 ...
Mmlm Munltlona (IS 0(4
Manhattan Trans ................ 1
Mldvalo Hteal flRV 00
ntla Klevatnr AT 70
I'eerloaa Motora 2214 24
Toole Una- 103 113
H H Kreare W I ..I... 18 131
mandard Motora 7-4 814
ttubmaj-lno 43 44
Trlannle Film ; 2 2V4
United -Motor 0211 034.
United front Rharlnn 1 1
U H I, and II com 214 2
do prff K n
World nim Ill i
BTANDARD OIL STOCKS
213 220
Illinois
Ohio
1'ralrlu Tine .....
H O of. California
H t) of !New Jeraey
S O of New York
..843
. .288
..3411
...237
OTIIRR OIL STOCKS
Coadan Oil 14H
Coaden Co ..,..,,, 17S
lntarnadonal IVtrol IIS
Houaton Oil 18ft
Mldweat Iteflnlnir , 71
Hapulpa Iteflnlnir 94
MINING STOCKS
Atlanta . D
llutte (.'opm-r A Zlna 814
llutte New York 1'4
Cerro ! Tnaco 41
Klrat National 414
Florence. OoUlM-M 8,".
(loldneld MerKer 7
llcrla Mlnlne , 7T4
111 liuuri ..................... WO
Jumbo Kxtenalon 34
McKlnleyDarraKh B8
Magma Conner ......
Mlnea Co of America
Nlnlaalnr Mlnrtn Co ..
Han Tov 1
Ht Joaonh Imi , lt4
uV-t Knd Connilldated 70
White Oaks 4
1JONDS
Cerro do Taaco Cs 110
Mldvale .11 eel Ca US 14
Iluaalan 014s 100
B8
41114
lea 1
- .' 814
NEW YORK COFFEE MARKET
NEW YOniC. Oct. 31. The market for
coffee futures opened unchanged to an ad
vance of 4 points this morning. Trading
on the call was quiet, sales amounting to
17S0 bags.
Todaya
October .... 8.75 Hf 8.
iuwmuer . , ,, .,. . ....
December ,
January ,.
February i..... ,
March .,
Arnr ...,t.,.. ..::
May ... 8.45
Juno
July 8. 03O8.O8
AUKuat w
September ... 8.73
Hid.
Yeaterday'a
clnae.
BO 8.2008.23
8.206" 8.2.1
8.20W8.27
R.32(i8.33
8.8808.39
8.43Q8.44
8.4a8.r.O
8.348.3fi
M ftnfeii ,til
8.(14 5-8.S
8.fl8S8.n
r.730B.74
Record Local Bank Clearings
Philadelphia bank clearings established
n new high record In October, totaling jj,
252,0915,504, an Increase of $175,314,441
over September, the previous record month.
PENN
NATIONAL BANK
174th
DIVIDEND
have declared
dividend of
The directors
a semi-annual
seven (7) per cent, free of tax
and have added One Hun
dred Thousand Dollars to
the Surplus Fund.
Capital Stock $500,000
Surplus Fund 1,500,000
Undivided Prqfits 140,000
(After payment of dividend)
Resources $9,300,000
Marhet at Seventh
We recommend and offer subjael
to sale as
A Conservativelnvestment
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 8
Fre of Pennsylvania State and
normal Federal Income Taxes,
Circular on Applieatios)
Edward B.Smith &Co
Estisusbso IMS.
BANKERS'
ifembers N'W York and
fMladelnhfa Atooh Etchangu
1111 CussTHirt Br., 1'BiLiDn.rau f
SO Vlht 0TSHT Mstf Trust
N0T1C
VflTi 1H
...-.-----,--
lf."WWPfl
,mw:
lll
'Sio'KT-iS'aK'
bs-, lsUAis ir ruin
stMa
TO 1B8UB
TtKlK
N that on tae lltn
iii'hmtftSili
a uwar, ii ni
.-teslf-
"''""'i
XOTIOK
in VP PaWfHSjT -TffsWaP ssfsisj
rtS rHH"crTtuL
Ml"
Salts in Philadelphia
e5t
I. US a.
W4s. tew. Close.
Acme Text .
pfd t o.. B7H 1 "-H H
SIO Cramp ft 9 S1 14 M H H
70 Cam Stl ..ISH 1 1H 4H
ao Cuban C S 7SH 1H ' J
so c n i ft r sh
- 100 Cent Iealh 8
IS Klee Stor.. 6
Its Kfl V4
loo nen Asph. lH
X7S HAD T..
40 do pfd .. IS
4 dopfctfs It
10 IrAipIr Cop. 67
fl Ins Co N A S7U
0 Kr Seo ,. SO
IB Key Tel .. 1SV4
S0443 Lk Sup Crp l
5 'Led Kav. 7V4
10 lh Valley 84
10 Miami Cop 40
ad Nev Co'ns. ssh
14
OS
94)
SO
1H
ys
is
14
1
7Jt
SO
1H
1H
7W
84
40
sW
8BV4
09
41
ltt
V4
1
1
1W
H
SH
34
OS
SUM,
0H
IS
It
417
I7H
SO
lays ...
18H V
7H IH
4 H
40
.
k
y
H
IS Mi
004
41
4S
iMi
lOnV,
t
4V
4S
1SH
10Vi
H
H
iy
H H
4Va
0 0 1-10 1-1S
4U 4sy h
BlH
11S
SOH
ss
1W
4
1
ClOBsS,
Net
crhte.
i 0 t
400 Penna It K ss4
t(t Pa Bnlt ., t
t rhlla Co . 41
t Phlla Co
cum pf,. 4S
4S8 Phlla i:ico SSH
1070 PUT tr cfs 10
SIO. Heading; ..10SM
SS So Itwy .. SSH
(SO Ton Ilel .. 4H
Sis Ton It In.. 8l.lt
JS7 Un Trao ..Matt
so U a 1 .... OlMi D1H
SOSO U S Steel. 110H H7H
so ".V Jer & S 80H 80H
ISO Cramp & S 83 St
Ex dividend.
BONDS
Hlsb, IjOW.
S7S0O A QAG1 Es 98i
1000 ConTracN
J Ss ...10SH 10SV4 10SH
J800Clty 4s '43
retc ....102 101H 101H
000 ' do '28 reg.lOlH 101M, 101H
1000 00 3VJS'34
rcg- .... D4H
1000 EleoftPeop
Tr 4s .. ssyi
14000 Lk Sup Ino
4SH
4000 Leh V Ben
4s ..... 9SH
SOOO do cons
4Hs '03.100H 10014 100T4
7000 Pa Co Ren
4Hs ...10S 103H 10SH H
ioooo do cons
4Kb ..105 103H 10SH
1000 Phlla Co
cons 6s. 80 80 80
1000 Ph Elec Es.100 108 100
BOO Stand Gns
ft Elec Cs.lOOH 100H 100
1000 Un Ilwys t
c 4s ... 72 72 72
B4H 4,4
81H 81H y
42
42 1T4
02H 02H
Y.
1-
NEW YOHK BUTTER ANDT3GGS
NBW TOHK. Oct. 31. IIUTTEn Hecelpta.
17.0DA tuba. Market firm, lllcher acorlns. 804
OS7Hc: extra rreamery, 864 (37c; Imitation
creamery, .14". 9834c; Htato dalrr, 8V4 "30c.
KdOH Ilerutota. 10.711! nirkie,,. irit. fM.h
rssa tending: upward. Undersradea and atoraao
ecsa ateany. Kxtraa. 40t4Jc; extra flrata, 8
It Mr; nrata, .15t37c: brown eKss, 81V3tc:
mixed colors, 30O4:c.
Bonds
Favorably Regarded
By Banks
During the past few years
banks have been gradually
increasing their investments
in dependable Public Utility
Bonds, obtaining thereby
larger income returns.
Several Public Utility
Bonds that banks have
been buying are described
in our recent Investment
Circular, for which we in
vite requests.
e.UI.larK$0o.
nANKErt",
(Eatabllehed 1SS7)
Members Philadelphia. New Tork
and Chlcaco Stock Sxcbansaa
321 Chestnut Street
Philadelphia, Pa.
Pittsburgh
Iioston
Chlca-ro
Wllkra-Barre
Haadlns
LAKE SUPERIOR CORPORATION STOCK
MAKJUS AJNUTiUbiK JNJtli W -rUJ MARK H
Crosses 19V4 for the Beat Price Since 1914 Oversul
tion of City Bond issue encouraging Perm
National lncreaes Dividend
The bulk of tho trading; on the Philadel
phia. Btock Kxchanre a-raln today was In
Lake Superior Corporation stock. Early
In the day the stock had ndvanced to "an
other new top mark since 1914, selling at
UH. This price showed a gain of IS as
compared with the final of yesterday. De
fore very long this price was shaded on
profit-taking- sales, but all of the train was
not I01L In all about 19.000 shares chang-ed
hands during- the session. The company's
K per cent Income bonds kept company with
the stock selling- up 2 i to 42',,. New.s on
the sfock was lacking-. The majority of
sales, as was the case yesterday, wero made
for New York account.
Next of Importance In activity was Phil
adelphia napld Transit trust certificates,
which trot up a fraction on the turnover of
some 1050 shares. By way of special fea
tures thero was an advance of BH points
In Kentucky Securities common to 30, the
highest thlsyear, while Huntington and
llroad Top common and preferred mlso
reached the best prices of the year. Doth
rose a point, the common to 6 and the pre
ferred to 13. Most ot the 'prices throughout
the list were to higher levels.
Aside from Superior, the financial dis
trict today was chiefly Interested In the
opening of bids for the 310.000,000 4 per
cent city loan. The fact that the loan was
about Ave times oversubscribed was re
garded with satisfaction, In that It showed
both the condition of the Investment mar
ket at the present time and the confidence
In the city. On the Philadelphia Stock
Exchange today the outstanding city bonds
RATES FOR MONEY
Call Time
N. Tork 2 W3H 2 g4
Philadelphia --$ " 2?,,
Iloaton J2. JJ4JJ
Chlraao ......... i .. ..... Stt f4 4 04H
Commerrlaf paper, three to air months. Phila
delphia. -SH B8U pet cent.
BANK CLEARINGS
Bank claarlnsa todar compared with correA
sporrdlns- dar la.t .n
I44.KSO.S04 $S"I.R7n.702
4R.1H4.M0 Holiday
7SS.817.790 Holiday
Tlpaton
Philadelphia . ....
New York
WANTED
Indianapolis Street Jlallwaya 4a, 1083
Inillanapolla Northern Traction 1st Ss,
1032
Union Traction of Indiana 5s, 1010
Indianapolis Traction & Terminal Ss, 1933
MELLOR & PETRY
Members N. Y. ft rhlla. Stock Exchanges
330 COMMERCIAL TRUST nUlLDINQ
Carroll Felter & Com
pany announce that their
Philadelphia Offices, Suite
303, Finance Bldg., will
be in charge of H. W.
Culver, who is well and
favorably known in New
York, Boston and Phila
delphia, through his 15
years' experience in the
brokerage business.
Carroll Felter,
& Company
74 Broadway, New York City
Dirsct PnVate Wirm to New York
New York Boston Philadelphia
Wilmington Baltimore
were Quite strong, although not
Tho registered 4 s of i?r.BiSlTw'i
n Irlt-sisiA. - a . "" "la M fe I
pw3'a
While the action of the eir ., I
Penn National Bank In lncrMatfI
annual dividend by 1 per Sent L 'S
-juviv mar-iei ractor, ya It .. ""J I
-straw In showlnr iV. 1" M.seii
Mnu. ,...- r. .:- -y in w.3i
which r, the" mt'h In the'hH M
dividend, which t,l.. .1 ??lll. to sS
per cent per annum bagi,. n? Ms-I
is 1500.000 and itnd.Wde?VlSl
oome
Weil-Balanced.
InveslmenU
If you purcli-uc t,e tKte
sound bonds and U,c
equally attractive short-tejrg,
notes we have especially se
lected for a total inveslraaw
of $5.91750 you vvillS
an annual income of abotft
6. 1 5 payable by a coupon;
every month. You will .fo
have the satisfaction of know
ing that your income is pre
tected by property located in
various sections of the Unit
States and by earning! cb-
iainca irom a great
of sources.
variety
Detail on request for Circular tstol
William P. Bonbright & Ct .k
...v,w.,o 1.1-lflH STROUD, Jr
, Manaser
437 Chestnut St, PhnadeJea
New York Ueatoa - -
lndon Psrls
Vllllam P. nonhrlaht a Co. BosbrUM Ca.
A
Tax ,fre la Penna'. Free at Ineena Ik
BRADDOCK
School District 4.
Dne April, 1941
Tine April, 194S
Dne April, 194S
Legality Approved Br
Messrs. Townsend, Elliot & Ton'
fc-nf Tnvtfimfnt fnp Tniat ..
" " " -..--- ,
Martin & Co.
1411 Walnut Street
Philadelphia
I mim-fi iww ihm aaaaa aiil
11111,41 1 lUiHHlltiUllll W1IBIUU Un
Y
Collection of Income
TO those who wish to be relieved of the trouble
some' detail which the collection of income
involves, we suggest the service rendered by this
company as Agent.
This not only includes the custody of securities,
cutting of coupons, and collection of dividends and
interest from stocks, bonds, and real estate, but also
comprehends the preparation of Income TaxEeturns.
Our charge for thii tenice it moderate
Philadelphia Trust Company
Iff Chestnut Street :: 1115 Chestnut Street
Philadelphia
Dependable Information
information is
every investor
the
and
Dependable
first need of
trader.
This Is the only kind of Information that Is
published in the Jones & Baker Weekly News Let
terdependable because this 8-page weekly publi
cation is the printed expression of a great service
system for investors.
Like a newspaper, this Weekly News Letter has
a staff of reporters and editors. Skilled correspon
dents cover daily the principal mining camps, oil
fields and Industrial centers. These men-on-the-ground
flash their news to Jones & Baker's New
York headquarters, detailing throughout market
I 1'MS"-Sa'''siaSTrs-aaMa,a-aa)SJt, i f , ,
JONES A MAKER,
Wldener Budding, PhUo4eiphta,J'a.
Oontlemon; J ko be pteato tolreot4vo a twpy of
your Wockh How Letter,
' Kami
..- .,
Ad4rt$'
'
t
t-.--!.-'M
euv
T.U 6.
Cwt; otit Qwnat4Ma.
hours each day developments and operations of
companies whose stocks are listed and traded in on '
the New York Curb and other leading Stock and
Mining Exchanges.
This news which Is part of the dally service
over direct; private wires to investors in five cltlsf
where Jones & Baker Offices and Board Rooms are
located is then assembled by the Information Do
partment. a staff of statistical and editorial ex
perts. They analyze and Interpret this news foe
publication in the Weekly News Letter entirely
from an unprejudiced viewpoint, since this house
neither underwrites securities nor has any Interes-t
whatever in stocks. A two-page historical ana
analytical report is also published each week t
some important security of public interest
Oyer 28,500, Investors and traders the
country over find this Weekly News Letter
Valuable enough to read each week. The
coupon below filled in and mailed will r
bring you the current Issue containing the
latest news of 40 to 50 dividend paying ami
active stocks.
Jones & Baker
TOCK BROKEK9
1 st t I
NYcrkC8-Bostorv,Wsi)iy
PHILADELPHIA
x Widener Building
PrtveU r.Mchen'Jo CotwttK! el DefaKtWs
"Vs
V
OTMWO TO SklXBUT BRVICK
mimmiS3i9mmm
3T"