' ;f, .:-. ? v
It
i
FGEAIN PRICES UP;
. MS. A a
PIT TKADUKS COVER
'Market Fully Recovers From
Recent Reaction and New High
vV"U
CHICAGO, July 28. Although pit trailers
vrtre bearish, the corn mnrkct was stronger
for the new crop options today, and Sen.
tembcr was atendy, cloning nbovo yestcr.
day's final price, lifter having been easy
early. OpernlorH In the pit wero compelled
to cover. nB advances were not met with
free offerings. Tenders of the cash nrtlelo
to arrlvo wcro larger, na coinpnred with
.rent das. Crop accounts continued Mn..
. in?. Some showers wcro reportctl In parts
Ir . I.-nnsns nnd Oklahoma mollis ....
olhct Industrie") again nbsorbod the cash
article.
No. 2 mixed In the samplo market was
$.:tt4S,2.25, against 2.23ffr2.25 jestcrrtay.
and NO. - eii'w ;.;vj, compared with
$2.2Gff?2.2G yesterday.
The news from Argentina was bullish,
further rain being reported there, which
was unfavorable for grading Shipments
from that country for the week were cstl
rnateii at 400.000 bushels, against 1,001.000
bushels In this week last jear The market
at Liverpool was steady on light export
offers nnd scnrclty of spot.
Notwithstanding excellent reports as to
jlelds from the great central meat oats
were stionger under the lead of July
The ncute situation In th.it portion domi
nated tho new crop options Shorts wore
forced to toer.
The market at Liverpool was dull and
easier Shipments from Argentina for the
week were estimated nt tso.000 bushels,
against 1,330,000 bushels In this week last
year.
Wheat was firmer after having been
lower early, but trade was light. Small
stocks a demand from shorts nnd strength
at Minneapolis were tho influence here
Flour mills are being opeiated on short
time, with the situation becoming strong
Receipts In the Northwest remain light A
leading house at Minneapolis said that
North Dakota was badly In need of mois
ture, ns showers during the last week have
been too light to bo of benefit.
The market at Liverpool was easy on free
arrivals Shipments from Argentina for tho
wtek were estimated nt 185,000 bushels,
against 1,000, 000 bushels last jear. After
having sold at $2 12 July closed nt the top
at $2. IS Hi against $2.41 at the end j ester
day, September having sold at 52 17 roi-o
to $2 21, closing nt S2.22U. against $2.10 at
tho end jesterdny
Julj com, after selling nt $1 G2' at the
outset, moved up to $1 0.1, closing nt
H.iSWfl 03',. against $103 nt the end
yesterday, December low was $1 14 "j e.ailj,
from which It roo to $1 IC4, ending nt
JMGttCl.lC, ngainst $114U. jesterday's
last price. May low was jl.UH early,
from which It advanced to ?1 ll'i, flnMiIng
it $1.13'Ml l.lih. against $1.1.:",. the
final quotation of jesteidaj.
After (-elllng nt "SVac at tho opening, July
oats loso to 77c, (.losing at "Gi.c bid,
ftpalnst 73' ,c, yesterdays last price; the
bottom on September was 57 'jc, the top
6S'sc. and tho close 57'fc S?r7".C compared
with 57VjC, the final quotation of jestcrdaj.
Tho low on December was GS'jC, the high
S'4c and the llnal GOc, or one cent net
higher
Leading futures ranged as follows:
Yes'day's
Wheat Open. Hlih.
Julj . .2.11 S.JUVj
September - 17's - -1
corn mew unlivery)
.' ' - ' ' '.' . :' :' -,v v6? v. -", .:"'! -z. . .'v.&j . -..c v.'.. ;. ,r.?Tf.wsHB
EVljiNiyCt' CEDGER-mKADELPfflA-, THURSDAY, , JULY' 28, ,W ' $ fSgm
September
December
May
Oats
Jub
tptomber
December
Lard
July . ...
September
October ..
H lbs
July . . .
September
October
Pork
July . .,
fceptember
1 1 t'i
1.1a.
I.M'
1 Kl'4
1.1 ivi
ljow. Close, close.
a I J 2.lll'j S.4I
I'.l 1 'J.-JJiJ J.l'l
l.fl'Jtj 1.113'. tl. 11
1.HJS 1. Ill's 1 1IJ1
l.U'i 1.134 1 1J,
.-.7'
7H
.-.s't,
0Ui
, 211.77
.20.87
.21 02
.21.87
,11 r.
.40 70
211.77
20.h7
20 !"
211.77
120 47
20 til
t20 77
7 t'i
r.74
.rl3"
n -,
20 72
21.0-'
21.87
41 r.
IH.7.1
21. S.
21.71
Bid. tAsked. tNomltml.
41 1-
40 Ji
J21.70 '21.7-.
21. SJ Jl.llll
t21.72 '21.S7
40 40 J 11.2"
40.40 40.02
COTTON LOWER.
THEN ADVANCES
Wall Street and New Orleans In
terests Among Leading
Buyers
I orl Mm'iih ,on.',nn'",lr nnl Ulrmlnith.m. 7(1
.VwiBli S,..V.,ll'ihu,l n,"T WIHnlnKton, 78
rii ni i' '!, nt Alin le, .44 nt RnlrUh
fli"VId'T.5Lv1S?iitt.M"ton' u al r,
., , . NUW YOltK, July 26
Moderate weikness characterized the
opening of the cotton markv today on re.
hi. 'i c,(,a,rll" leather In the eastern
.0 L ! rl.ce1 rtrnP''l 13 to 16 points on first
snjos, but nlmost Immediately rallied, ns the
same class of buying which strengthened
jesterdny s market vvns ngaln a feature, on
, . Jilno l0la October soon advanced
c?ok r 6 polnt,' ftl,mo la,t "iBht'B
Among the lending buyers nftcr the open
ing were Wall street, New Orleans Interests,
Liverpool and houses with Texas Conner
ttons. Crop advices were conflicting again,
somo of those received from Texns being
rather unfavorable owing to reports of high
leniporntures An early wire from Orcen
vine. Miss, however, said there had been
vvondcrful Improvement In tint vicinity dur
ing tho last ten dais
After tho first hour the market eased oft
10 points from tho highest prices under
scattered realizing, but on the wholo main
tallied a hteady undertone, as tho billing
vvns of a good class, especlalli In Octob-r
contracts A good deal of billing of Octo
her this morning was against snles of De
cember, many traders being of the opinion
that the October premium over the later
months would widen as July did over Oc
tober Itecelpts for the day at tho ports were
estimated at 5000 bales, against 4300 last
week and 0118 last jear
,. . 1 "I"
cs rloso Open 12m p.m 2pm
July ... 21 (i-,
Auuuat .. . 2". 20 2 ID
October .. 24 20 24 IS 24 21 2112 24?1
December .. 24 M '.1 tm 21 Oil 2111 2121
Innuary ... 2 1 US 2,1 S7 2,4 03 21 117 24 13
March ... . 21 1il ... .
Mny 24 20 2111 .....
fepot 2"i n ,
Cotton Huycrs -nil Sellers
ni:v aortic, July 2C
August Wilson, l'.irrott, Schlll, Waters
and Ilentz bid ; Montgomery offered.
October Kelffer, Glover, Mitchell nnd
Now man bid llartcorn, R Hubbard, W.
Oumoens, Ilentz and Hay offered
December Kulton, Peers, Brooks nnd
Watklns bid , Sellar and Wilson offered
Jnnunri Hagedom, Young, Waters, W
Oumoens and Wnchsman bid ; I Hubbard
and Sellar offered
March Parrott bid
May Downs and Hcntz bid; Montgom
ery and McKnany offered
Liverpool Cotton Slarkct
LIVfitlPOOL. July 26. There was a fair
demand for spots, with prices 15 points
higher. Sales, 2000 bales; receipts, 7000,
Including 6700 bales American Spot prices
were: American middling fair, 19.68; good
middling, 10 30; middling, 10 00; low mid
dling, 18.55; good ordinary, 17.60; ordinary,
17.10 Futures also showed nn advance of
15 points
An Advance in Fine Sugar
. NEW YORK. July 26 Late icsterday
Arbuckle Brothers advanced their prices
for hard sugars 25 points to an 8 25c basis
, on fine ginnulated and today are taking
business only from regular customers. Other
refiners quoted unchanged American Sugar
Company 7 7Ec and Federal Company 8.50c.
B, H Howell Son & Co. and Warner Com
pany aro still out of tho market. Last sale,
In spot Cuban raws 6.C7C.
FOREIGN EXCHANGE
NEW YORK. July 26 The feature of the
foreign exchange market In tho early deal
ings today was an Improvement of 25 points
In Itusslin exchange. Itublo cables rose to
21 40 and checks to 21 25, compared with
record icccntly of 21 for cables and 20.80
for checks Firmness was again npparent
In Scandinavian, Swiss and Spanish ex
change. Quotat'ons were:
Demand, sterling 4.75 55, cables 4 76 A,
sixty-day bills nominally 4.72 i, ninety-day
bills 4.70 li.
Franc cables E 75 H, checks 5 76,
' Lhe cables, 7.214, checks 7 22.
Swiss cables 4 58, checks 4 60
Glillder cables 41, checks 41 A
Pesetas cables 22.95, checks 22 85
Ruble cables 21.40, checks 21 25.
Stockholm cables 32.20, checks 32.
Chrlstlanla cables 20 05, checks 29 95
Copenhagen cables 29.55, checks 29 45.
r PHILADELPHIA MARKETS
i
GRAIN AND FLOUR
(TntlAT Itecelpts, 1003 bush The market
was nominal ,, , ,
( OKX Itecelpts, 3S 010 bush Tho rmrliet
ruled firm but aulet. Quotations Cir lots for
local trade, na to location Western No 2 el
low $2 M, No. 3, 4 nnd ! ellow. nominal
OATS Kecetpts. 17.H12 bush Irada was
quiet, but pilces were finnlj maintained under
llKht offerings and stroneer western advlies
Quotations, No. i white. 01 BOJc. standard
white. IMIOOtc, No. J white. fcOWOOc, No. 4
white. SSSHBc. ... , ...,,n
. KLOUIt Itecelpts. 1300 bbls and B14.43I)
)bs In sacks. The market was quiet and showed
little change Follow Ine are the quotations, per
l!i lbs in wood (cotton or Jutn sicks about
!!5c less): Winter straight. $11.2-11 7V Kan
sas clear, tl.712.2'.. do. str ilcht -;'"?
13 do. patent. J12.75W13 23, sprlnit, first cleir.
ll,5l12.25: do, patent J12 T&;) . ""
favorite brands. l3 21m 10. city mills, choice
nd fancy patent. J13 23ffll3 50 .
HYB FLOUH sold slowly at former rates, vve
duote JIUlf 11 per libl . ns to quality.
PROVISIONS
. Tho market ruled steady w 1th a fair Jobbing
Inquiry Quotations follow: City beef. In seis,
smoked and alr-drlcd. 35ei western ''efiJ.'n,J";,
moked, 33e: city beef, knuckles ahWnnaers
moked nnrt nfr.drled. 30c. WCStMll . beer,
knuckles nnd lenders, smoked 30c, beef oam
M032: nork. family. J44 60O43. hams. ,
S'irek looo. 242Hc: lo, skinnj a.
hams. Timoked.' clly' cured, as' to brand and aver
8. 'Jfift-'M- .in rv,nkoa utpm cured. -atJ
"7IC' uo. Donee
P. P. cured, lo
S7IAr hM.lrfc,.i'l,.nAH nn in hrflTld and ftVOr
K. city cured, 35o; breakfast bacon, western
tured. 35oi lard, western, refined, tierces. .'.fi
Jo, do. do. tubs. 22H e: lard, pure city, kettle
rendered. In tierces, 22& c; do. do. do. In tubs.
" ' REFINED SUGARS
The market ruled firm on a basis of 7,7Bo for
wlra fine granulated.
DAIRY PRODUCTS
I DUTTEn Trade was slow and the market
Jor solld.packed creamery ruled weak, though
V.
loose.
other
ed, boneless. 30c: picnic ".!?,".
loose. 20V4c: do, smoked. -!
kle. according toavcrago. loose
. i n. n hrflnii ana aver
cucy pnntB ruled nrm unner srrt"l;.''"K'
ing nre the quotations: Western olW-Paeked
"jamery. fancy specials, 43o: etra. 4XW4-0.
extra firsts, 40oj firsts, 3Uc, seconds. SSe.nearDy
-;r--, recuuus, ouui'tou. n
ef prints Jobbing at 48051c,
KOUS Fine, nsw.lald eg
firm, but heat.damagfd and
KOUS Fine, new-laid eggs were fcarc "JW
nun in cinivo --
Bi!
&
IV'
ui-r chiim siirn iubib. vw w - - - B
rsts. iiriso. ...,mi. tn.a.i! fancy selectea egs
y.,.I!?"t 31o Per dpien. . .... und
v.iii.coji ine marsev ruicu .- --,!.
moderate offerings and a fair demand. S
tlons: New York, full creom. fanc?,j new. --ci
lo. do. chcJce. new, 2H22ci do, fair to
good, new, 21(321 'ic.
POULTRY
UVB was quiet but "teady. under moderate
fc.-f.;i..T; vr,"r-:;- r..-
quality. 2224c. Itoosters. 10017c. Sj'',
chlekenl. nSt Leghorns. plumpkyfllow.sklnnsd
weighing m2 lbs. apiece. ? "5026c"
ehlckens. not Leghorns smaller sls-ou'-j.
Vhlte Leghorns. 20024c. Ducks. PeKW.
o. Indian llunrier, 1718e. rSSo'-io.
Plr. 25W28C! do. young, per pair. -0V-
ri,E.annn ..,. .-.i.ni,iAflizel stock mei
,..' ". .r '?.. "-"..... ..U.
"in lair sun
Jer moderate
,,uiia, rowis, i. i" ""T.ib aiA lbs ana
Sacked, fancy seiectcd, ?oi.wellIlllnS.4Hana ovel
;i?r P'ece. 24Vs.C! weigniiw j . 2Ii7welglv
'Met nrssltrliiniF ntt I1W F"' -. . .- kkla
l in i'i
'and oyr
falr aula nnd the market ruled -."fho quo
moderate orterlnifs. Vt owlnt' ftLVF 3ry
ma; lowU. lli. to box. mllk-re a, m
& t-
Tf BDiem
ft lng S lbs. aptece. 212o; fowls. Iced
t", ;r, ary.picKea. wciuih 7,. ojmssVicl
' JDlece. a3o; weighing lbs. ?' XilZi,
f frasller sires. 16018c: old roo'terj. dry pmv
i Uiti broilers. Jersey. XSofc8,';S2e?n ?
-.. i?Bei other nearby. 2026ol w!"h! West
a 28oi turkeys, fresh-killed, Iced. WLiXL. &:
'i nt, best here. 2324o: common, JJiA'H?;:
spring, SO&ilc: squabs, per
WSKhlnr IlKOl'i lha. Der dOZOD,
Tt laltttn nf.,,1 ik. -.aw rfnifllL
rf 'JifJ?)n . lb. Pj" J!,- V
, ' i,-I','u. ' '"'
(.'tViJ. irr.yfz' sx.7Z"' vc
"!( U4KI4 " ? i mh
jjittiisn rttu"
H.nl
"i . ,-ir wi'
i $3.70.t'0l do.
.s.-v.raftiiwiK'x'Wffl
H Tbiwr doien. IXMAMSJ " ""
5 mll nl No. 2. ?Ji;lr
FHE8H FRUITS
Ckolif stock inet with faW ;M jn4
per fl lb. basket, 40J50c: blackberries, Jersey,
per qt , 80l(c do, Delaware and Maryland, 5
0c. raspberries red, per pt.. 308c. huckle
berries, per qt , OGPiric. gooseberries, per qt . 4
he. cherries, per S lb basket, sour, 6075c,
sweet, 0075c: plums, Georgia, per cnrrler, 12
.4, do. Delaware an 1 Maryland, per 4.1b basket,
15c, do, N'orth Carolina, per carrier, $1.50ft2.
cantaloupes, Georgia, per standard crate. 25W
03c, do, do per pony crate, 2Q(o;suc, do, do, per
Mat crate, 2",W4c, do, California, per standard
crate, 2.21: do, do. per pony crate, $2 25
2 50; do, do, per Hat crate, KncTT Jl 10. do, Ari
zona, per standard crate J2 1003 50, do, do, per
pony crate, 2 2T2 SO;do. do. per flit crate, 73c
$ 10, do, North Carolina, per standard crate,
2375c: do. do, per pony crate, 23?50c: do, do.
ner flat crate, 20 10c; pencnes, Georgia, per
carrier. Hlberta, fancy, J2 7.,ffl3: do, ordinary,
1 752.50: llelle of Georgia, fancy, 12 300
2 85, do, ordinary, $17502 25; watermelons,
southern, per car, $1100225.
VEGETABLES
The general market was quiet and barely
steady The quotations wer as follow.
White potatoes Norfolk, per bbl No. 1, $24f
3. No. 2. $l,50ii2, while potatoes, Eastern
Shore, per bbl , No t, $303.50. No 2, $1 232,
white potatoes Delaware, per bbl., No. 1, $3(0
3 50, white potatoes Jersey, per S bush bas
ket, No. 1 00M70C No. 2, 40S0c, onions, Jer
sey, per -bush, balcet. 43Qri3c, do, Kastern
Shore, per basket 50075c; do. Spanish per
crate, SucQ'$l, cucumbers, Delaware and Mary
land, per basket, 25 35c, mushrooms, per 4-lb
basket, $101.50.
CLOSING LIVE STOCK PRICES
CHICAGO. July 2il Hogs. 10,000 head, Esti
mated tomorrow, 17,000 head, market active
and So higher. Hulk. $14 81013 83, light. $14 11
(lt5 85, mixed. $14.31015,05; heavy. $14 3519
16: rough. 14 33014 53
estimated receipts of cattle for today, 0000
head: for tomorrow, 300O head, market steady
to 10c lower; beeves, $8 20014 15; cows and
heifers $5 30(71100; good to choice. $11 low
9.10, western. $8 50O11 60: calves. $8 23013 30,
poor to medium, $8.23010 30.
Estimated receipts of sheep for today. 11,000
head: for tomorrow. 11,000 head, market 10c
to 13c lower than jesterday's average: nitlve,
$7.50fl10 60; western. $10013 25; jcarllngs.
$8.75012 83; lambs, native, $0.75015.10.
NEW YORK COFFEE MARKET
NEW VORK, July 26 The market for
coffee futures opened unchanged to an ad
vance of 2 points today. Trading on the
call was quiet, March bclne the only month
traded In. Sales amounted to 750 bags.
The duty proposition Is considered too un
certain to bo much of a factor, and after
the opening prices sagged on the appear
ance of a few selling orders, March selling
down to 8,01 at 11 o'clock. The political
news from Kurope continues to be a de
pressing factor In tho market nnd checks
outside buying, while at the same time
Brazil seems more disposed to mako sales
in the cost and freight market and the
tone Is a little easier.
Todiy's
Openlnr.
'7.60
July
August . .
September
October .
November
December
January .
February
March
April
May
June
7.78
7.80
7.88
...1.07
.. 8.0138.05
'.'. 8,'l6 08.15
Testerday's
Close,
7.03 7.07
7.706(7.71
7.787.70
7 81(17.82
7. 8407.83
7. 89 fl 7.00
7.0307.01
7.07 7,08
8.02 8.03
8.07 W 8 08
8.12048.13
8.17S8.18
NEW YORK BUTTER AND EGGS
NEW TOtlK. July 26. BUTTEIl Receipts
80 tubsi market unsettled: high score, Stlii
icj eitrai.8e; firsts sYJi 08814c; seconds,
TUn. Htati. dairy. 8814 OSBe.
ifzaa Receipts. 18,707 .cases; market lrrei
rji.., marlrjtr 1rra-
Other grades unchanged.
qHICAqp BUTTER ANPrEQGS
mcawu ilK'.tZJSn.wV'
LWU Cm.'
IMPORTANT DATES AND DATA THE HISTORIANS OVERLOOKED
Dy P. E. SUMNER
fe- 11 yr:-
Niagara Falls was discovered ni early as 1352 A. D. tiy the luj; chief Lazy Iie.ir.
little too late for the chief.
"nprmht 1017)
Hut this proved to he n
eammum m
SHORE'S HOTTEST DAY;
MERCURY GOES TO 71
Bathing Gjrl Displays NewRub-
bcr Floral Decorations in
Delightful Sea
BRITISH AMBASSADOR
CALLED "IMPERTINENT"
Senator Knox Comes to Defense
of Sir Cecil Spring-Rice
Against King, of Utah
Ity a Staff Correspondent
WASHINGTON. July 2B
Ilecau'c Senator KlnR, of Utah, branded
as "Impertinent" the action of Sir Cecil
SprlnR-Klcc, Hrltlvh Ambassador to tho
United States, In writing a letter advocating
n deeper channel In tho harbor at Portland,
Maine, Senator Knox, of Pcnnsvlvanl.i,
called upon tho western Senator tn with
draw his statement Senator Kins did not
do so
"It s-ecms an Impertinence on tho part of
the Ilrltlsh Ambassador to Intrude In this
matter, even thoiiRli he does represent one
of our Allies," said Senator KlnR
The Senator from Utah," said Senator
Knox, "used the word without Justification.
1 think I sURRcst that he w Ithdraw It "
Senator Hale, of Maine, explained that
the Ilrltlsh Ambassador wrote the letter
recommending a deeper channel In Portland
harbor at his suRRestlon He said that tho
United States army engineers had declined
to put the Portland harbor Improvement In
the war emergency class unless nnRland
said tho deeper channel was necessary for
her shipping
Senator Hale said ho submitted his letter
to the British Ambassador to the Ameri
can Stato Department before sending It,
and that It was approved.
"Then the letter from tho British Am
bassador was Invltcd7" asked Senator
Knox
"Yes," replied Senator Hale
The letter from the British Ambassador
said that If tho harbor were deepened It
would be used extensively to accommodate
Canadian shipping,
Senator King argued that, If tho British
Ambassador wants Improvements made In
our harbors, ho should make his recommen
datlons through our State Department.
MONEY-LENDING RATES
NKW YORK Money on call opened
lending and renewing at 3 per cent; later
2?i per ont.
On all Industrials the trado for sixty and
ninety days Is 5 per cent, nnd from four to
six months, BV4 per cent Money Is offered
In Industrials at 4Vi per cent for thirty
days on good mixed Stock Exchange col
lateral. Money Is lending at Hi per cent
for three and four months , for six months,
i& per 'cent Is bid and 3 per cent Is
asked,
Prlmo mercantile paper Is only moder
ately active at 494 05 per cent, being the
averago higher rate.
Prime bank acceptances quoted at 3J5
3s per cent.
rilU.Anr.I.rillA Call, 5 percent: time,
5W5i per cent. Commercial paper, three
to four months, BUJpBH per cent; six
months, 505 Vi per cent.
LONDON Money, 4 per cent, unchanged
Discount rate short bills, 4 7i per cent, un
changed, three months bills, 4 I3-1C per
cent.
BANK
CLEARINGS
with
rorre-
Bank clearings today compared
spondlni day lastn .ears ini(j
Philadelphia. .J46 770H19 J38..MU.502 S26.43J.S11
New York ..5IJ.04U.HJO JU.MIID lilt j.ii.iiu.' Jill
Itnltlmoro , H.JDfl .'41 il.iU4.8R7 s.aos n.'ft
Bpston 37,sa..'o2 28.710 005 21,118,0117
Reserve Banks' Discount Rales
noston 8
o.
10 or Over 10
less up to 30
orw iuik, ....
Philadelphia, ..
Cleveland ....
Richmond ....
Atlanta
Chicago
St Louis
Minneapolis ...
Kansas City
Dallas . . .
Ban Fruuclsco.
3H
3'4
3
6
4V
a
Airrlcul.
Over 80
Boston
New norx.... "
Philadelphia ,
Cleveland ...
rtlcbmond ...
Atlanta . ...
Chicago
St. Louis ..,
Minneapolis .
Kansas City,!
nnll&B
Ban Francisco.
Over 30
up to 00
4 4
4 4
1 i
4 4
k k
4 4
3V, 4
Trade acceptances
Up to 60 Up to 00
r
4
?V4
s
8m
BVi
8V(
Over 60
up to 00
4
u
1
ft
4
4U
Com
modlty
Si
s
3V4
Tin tn thirtv davat dver thirty to sixty. 4 per
cent: sixty to ninety, 4V4 per cent: over ninety,
& per cent.
Bank of England Statement
LONDON, July 26. The weekly state
ment of the Bank of England follows:
Total reserve 31,842,000, decrease 283,
000; circulation 39,736,000, Increase) 219,.
000 J bullion 63,128,000, decrease 64,000;
other securities 111,365,000, decrease 1,
299,000: other deposit 128,839,000, In
crease 2J28,000; public deposits 46,614,
000, increase 1,141,000; Government se
curltles 48,127,000, lncreaso 2,640,000.
Clearings through London banks for the
week 341,990,000, against 52,090,000 last
week nnd 288,660,000 this week last year.
The proportion of the bank's reserve to, Its
liabilities Is 18.36, against 18.62 last week,
and compares with an advance from 27.30
per cent to 28 per cent in this week last
year.
The bank's minimum rate of discount
remains unchanged at 5 per cent..
French Bank Gains Gold
TAms .Tniv ! The weekly statement
of the Bin ot France ihow art tnereate
'l.Kll.OM'frJUSaW. aBarBNUWIlHW(MW
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EAST SIDE MOURNS
FIRST DEATH IN FRANCE
Louis Reinhardt, Sailor and Son
of Widow, Lamented as
"Good Guy"
POOR KIDS UPON OUTING
TASTE JOYRIDE'S JOY
Ni:V YORK. July 2fi
In n squalid street In New fork's K.iBt
Side, where tho sun beats down on i'on-
gosted humanity, there Is mourning todiy
for tho first American lighting mm tn be
burled In France
Louis Itetnh.ir.lt, s.illor of the United
States Navy, called a dark, old-fashioned
tenement In that Mreet his home All his
nelKhbors knew todav that he Is dead
drowned In falling overboard from his ship
Hut his mother, a widow, solely dependent
on him for support, doctn't know It.
"Sho's gone up Into the countr," said
ono of tho nelKhbors today "Say. we're
awful sorrj; about Louis Ho was a tine
boy It 11 bo a terrible blow to his mother "
Tho speaker was a woman, her faco
drawn with lines of toll. A little knot of
dirty-faced kiddles assembled
"Sure, wo knew Lule" piped up one "Ho
was a frood guv an" he ued to let us wear
his sailor hat sometimes "
1100 Youngsters Having Time of
Their Lives at Fox Chase.
Games and Eats
More than 1100 poor children living In
tho dlvti let bounded b I'lft'i street and
the river front nnd from (Ilrnrd avenuo
not th are having the time ot their lives to
dav nt Hut holme l'aik. l'ox Chase
The children, under the direction of JIrs
M V Ketch im, 30hS rranKford avenue,
left b'r.ink.'iml avenue and Stella streets In
i-pocl ii ars, wagons and aiitotrinks nt
S 30 o'clock this morning Kor tho re
mainder of the div thev wero "feted and
fed" and had a wonderful time In general
This Is the outing which .Mrs Kct ham, a
well-known charitable worker and llnnnulal
srcr'tar of the I'lrhmond Soup Associa
tion, and other women of l'rankford con
duct ever j jear
Want a Job? U. S. Marines Need Cooks
WASHIMJ'IO.V. Julv 2C Too manv
cooks nioll tho In nth, they say, but I'nclo
Sams Mai lues tan t get too many cooks
fur thcli nui.s overseas Word has Bono
out that tho U S Marines need tooks
There's etra money In the Job and a
rush of applicants is opeitcd
ATLANTIC CITY, July 26.
A torrid day found bathing nt the shore
particularly delightful The sea was un
usually clear and green, and the tempera
turo was 71, tho highest It hns been this
ceason
Tho bathing girl has gone In for floral
effects The daisy bathing cap Is particu
larly attractive It Is usually of close-fitting
rubber with three saucy blossoms
perched In front Sometimes a slnglo large
dalsv Is placed 111 the center White rubber
shade hats are often wreathed with black
ejed suans Klornl parters wero a new
feature Inttoduced todaj In lhe way of rub
ber blossoms Hoses now bloom at tho
knee
Thursday Is alivas a popular day with
excursionists Arriving this morning was
an rxi'urslnn from Salem County bringing
2D00 people from twrntj-two cities Wil
mington and nearbv towns nn tho Dela
warn division of the I'cnnsjlvnnla Itallroad
brought 2500 more About a thousand
people camo over from Cape Ma for the
div, nnd close to 2000 nrrlved on the annual
outing of the North Philadelphia Huslncss
Men s Association On I'rlday tho Simuol
A Crozcr Company, of Chester, will have
nn evcurslon here for Its 2000 ciuplojcs
and their families
.Motorists will be happy lo learn that tho
purvey of lotito three In New Jeisey's pro
gram for better roads, extending from Cam
den to Absecon, a distance of moro than
foil -seven miles. Is about completed nnd
work of rebuilding the highway will soon
begin The work of survcjlng route No
3 Is tho llrst step taken in recognition of
South Jersev as an Ideal section for tour
ing Tho advantages of the road, when com
plied will bo man, nnd will afford easy
communication between Camikn and flie
shore
Tho first nnnttal Indies' handicap tourna
ment of tho Atlantic City Yacht Club
opened today on tho vneht club courts
Miss Helen McNlchol. daughter of Senator
James 1' McNlchol, advanced to the second
round todaj bv drawing a bve with Miss
Birth.i White
Major and Mrs Halph P Harcourt, of
Lnngpnrt, entertained a thentlo party In
honor of their house guests, Mr. nnd Mrs
Joseph J Gcer, of Lincoln drive
Dr and Mrs Tlemlng and Miss Emma
I'leiiilng nre entertaining at their Chelsea
lottngc Mr. and Mrs, Lmerson Fleming,
of Oerm.intov.rn
The Ventnoi Auxiliary of the Pennsylva
nia Medical Missionary Society will glvo
a bannr on lhe Ventnor Pier Saturday
from 10 a m to 6 ;30 p m Among those
who arc Interested In making the fete n
success are Mrs Thomas Richards. Mrs
Handolph Young, Mrs James Hand, Mrs
Maij Huch, Mrs M W Thompson, Mrs
Hairy Hhodes nnd Mrs Maude Ncal
Tho annual sale for the benefit of All
Saints' Church Chelrea held Wednesday
at Kenton Hall, Belmont avenuo and tho
beadi was a great success over $1000
being icallzed The booths were artistically
decorated and laden with many novelties
Among tho Philadelphia cottagers who as
sisted were Mrs Willi im H Bennett, Mrs
IMwnid Pntteotts, Mrs John N Wllklns,
Jr Mrs John W Williams, Mrs Albert
PnncoaM. Mrs Samuel Bartram Richards,
Mrs Samuel Whan, Mrs J D C nender
hoii, Mrs Joseph Townscnd, 3d. Miss Phyllis
Walsh, Mrs Samuel P. Huhn. Mrs. II
Hvnn Tnjlor. Mrs Cadw alder W. Kelsey.
Mlhs Maiy Jump Miss Ruth Wilson, Mrs
William i:. Arey, Miss Betty Williams,
MIi-s Kittle Mlskev, Miss Louise Black,
Miss Janlc Miller, Miss Bertha Fry, Miss
Alice Miller and Mis Pierce Archer
PLANSBIG
IN DEFENSE COUNCIL
President to Announce Re
ganization That May Nofc
Please Labor
GOMPERS MAY
X-
i " T-
V"i
PROTEST,
hl
Personnel of Committees to Bel
T7 l-itHrt4 nS C . Ylfill .A' ."
nuviocu uuu OMII1U 1V1II JJ.1
He Dropped 4 j
, In"
WASHINGTON', Julr it, Jt,
Complete reoreinlzatlonl of th -nmrnltj-i
tees of the Council of Natldnal Defense -rIkA
be announced by President Wilson In thV
near future, possibly today. This reonmnO i
nation win result in revolutionary change V.;;- C
In ttiAt aul.41. I.l.u. s-l-i- 1 a .J w"JT..
... iiivrj nuuunisiuiiB wnicn nave mucn ia,'
i.o Mtth tho puccessful conduct of the war. jl
Already, howeer. It Is apparent thitv ,
fled with tho proposed changes. While Bam- flv.'W
i.e. v"i"i-in, nuuu oi mo American eaer" '.-itit.'
atlon of Labor, nnd men closely associated Ae, &
with him In the labor movement hav t-!JrJ
illiested that labor be fullv rno-nlrf r.ri,"t?v;l
evory committee, the best Information now .'jMjrfl
available Is that part of these demands wlll3.m7fl
not be met. If they aro not. there will b"r'C.,t?i
little surprise should Mr. Gompers father .''WfAtJ
A mnVAmpnt In 1,IO n.-.nl.atlnM ... Ia1. l! .
on further representation for labor under
threat that otherwise labor cannot be ex
pected to glvo Its best efforts to the work
of the council.
In this connection a high official source
today authorized the following statement:
"Generally speaking, the legitimate de
mands of labor for representation on the
committees of tho Council of National De
fense will be met In the reorganization of
the council."
That was as far as any official would o
pending the President's announcement, It
was explained that the President and Cab
inet fully realized that the existing com
mltteo sjstem Is extremely cumbersome.
Kach committee has many more members
than are needed. As a result, there has
been bitter criticism of their work nnd cer
tain Senators and Representatives have !
leged thit members of these committees
were more Interested tn obtaining Govern
ment contracts than they were In seeing
that war preparations were pushed or that
excess profits were taken out of Govern
ment contracts
Under tho proposed reorganization, all
this will be changed. The various com
mlttees will be pruned so that most of them
will havo only a few members. Many com
mittees will bo entirely abolished. The en
tire work of the advisory committees wilt be
readjusted so that men will not be In the
position of seeming to have made pur
chases from themselves or from corpora
tions In which they are Interested. '
Tho revised plans, together with recom
mendations from members of the council
Itself, now are before the President and will
be put Into effect as soon as he "O. K.'"
them
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XI
Drowns While Swimming for Wnger
BR1DGKTON, N. J.. July 26 John Beck,
nn oysterman, and Samuel Blizzard tried
to swim across the Cohansey River and
back, holding their clothes out of the water,
on a wager. They got across, but Beck wa
seized with cramps on the return trip and
waa drowned. His body was soon recovered.
Tind Owner of Abandoned Auto
READING, July 28 The big car found
abandoned on a road near here belong! to
a resident of Blalrstown, N. Jb according
to a message from Police Inspector Julius
Nelson, of that place. Edward Ellis Is being
held here for the theft.
$15,000,000
Chicago & Western Indiana Railroad Company
One-Year Six Per Cent. Collateral Gold Notes
Dated September 1, 1917
Due September 1, 1918
m SlfcrMS
Interest payable March 1 and September 1 at the office of J. P. Morgan & Co.
The Notes are Issued in coupon form, in denominations of $1,000, $5,000 and $10,000
'Authorized issue limited to $15,000,000
Redeemable, in whole but not in part, al 1002 and interest, on sixty days' notice
BANKERS TRUST COMPANY, NEW YORK, TRUSTEE
We summarize as follows from the accompanying letter addressed to us by the President of the Railroad
Company:
These $15,000,000 notes arc to be secured by the deposit of $21,000,000 Scries "A" 5 Bonds of the Company, issued under its First
and Refunding Mortgage, dated Sepiember 2, 1912 (and the supplements thereto). The First and Refunding Mortgage is a first lien on the
Company's "clearing yard," which represents an actual cash expenditure by the Company of approximately $10,000,000, and in addition, is a
junior lien on all the remaining property of the Company.
The real estate alone owned by the Chicago & Western Indiana Railroad Company Was recently valued as railroad property at $96,057,'
950.98, and the total valuation, including construction, additions' and improvements, Was $128,011,827.16. As against this valuation, the
Company's total debt, including all prior liens and the notes (but excluding the First and Refunding Mortgage Series "A" Bonds, pledged as
collateral security) amounts to $66,000,000.
The Chicago tfi IVcsfern Indiana Railroad Company has two principal divisions its passenger terminal and the main tracks leading
thereto, and its "Belt Railway" division, utilized entirely for freight interchange. This "Belt Railway" division, which includes the "clearing
yard" above-mentioned, is controlled by and operated in the interest of the following companies!
Pennsylvania Company
Atchison, Topeka & Santa Fe Railway Company
Illinois Central Railroad Company
Chicago, Burlington fi Quincy Railroad Company
Chicago, Rock Island & Pacific Railway Company
Chesapeake & Ohio Railroad Company of Indiana -
Minneapolis, St. Paul 6z Sault Ste. Marie Railway Company
Chicago & Eastern Illinois Railroad Company
Chicago, Indianapolis and Louisville Railroad Company
Erie Railroad Company
Grand Trunk Western Railway Company
Wabash Railroad Company
These twelve companies control the operation of the "Belt Railway" division, under a fifty-year exclusive lease, through an operating
company, called the Belt Railway Company of Chicago, all of whose stock is owned by the twelve above-mentioned companies.
Of the twelve railroads mentioned above, the last five own all of the capital stock of the Chicago and IVestern Indiana Railroad Com
pany, and jointly use the station terminal properties of the company, including the "Dearborn Station," and its connecting tracks, for all their
freight and passenger business to and from Chicago under nine hundred and ninety-nine year leases, which have been in force for many years.
These leases require the payment of taxes on the Chicago - Western Indiana property and interest on its obligations issued from time to time
as funds are expended for betterments and improvements.
WE OFFER THE ABOVE NOTES FOR SUBSCRIPTION AT 99 AND INTERESTkTO YIELD
ABOUT 6Vi PER CENT.
f
Subscription books will be opened at the office of J. P. Morgan & Co. at 10 o'clock A, it., Thursday, July 26, and will
be closed at' 10 o'clock A. M., Monday, July 30, or earlier in our discretion.
The amount due on notes allotted andithe date of payment will be given in the notices of allotment.
The right is reserved to reject any and all applications, and also, in any evelit, to award a smaller amount than
applied for.
Pending the preparation of the definitive notes, J. P. Morga7i & Co. Trust Receipts will be delivered.
FIRST NATIONAL BANK
New York City
July 26, 1917.
J.P.MORGAN & CO.
HARRIS, FORBES & CO.
NATIONAL CITY COMPANY,
New York City
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