- AWJpwwjiJf, W ' -WW ra raw pkt J- -A J -w: r n.s W4 H At v ?r "- . .... .i a, fc . j- a i .;.' .'Wkj r MMOfllMO SHENAN80 RAILWAY A LIOHT ,Vj COMfANY ' ;HMT A CONIOL. 5i - NOVCMIER I, ISM rnfek FROM TAT "TAX PENNSYLVANIA IN CARNINQB OFFICIALLY RKPORTKO 2 TIMES INTEREST CHARQES 17 AND INTEREST NETTINS OVER REILLY, RROCK A CO. ANKER! IN CHESTNUT ST. rHILADKLPUIA !if 8 iv r F .i KiX- it fci fji." . KL- $ . 1ft SXl t B7 One Standard Our service to Investor! if uniform In character and cope. We maintain one standard of investment service. It embraces the selection of sound securities and con siders the individual re qulrements of the 'pur chaser. With a wide ranee of opportunities from which to make selections and a dis tributing branch in all im portant investment centers, we are enabled to render superior service. Send for our August Bond List PE-1S3 TheNationalCity . 'i J 1431 'CkMtkiit'SL'Pl&dtlpliiia -: I L- ULJ rrff ""ssjsskei :nrr jv ' if A ) i. i v &" tBK &- V , r . nr! '""-J" l V -v. i Short Maturities We have a splendid list ' of sound securities with maturities' varying from eight months to three years which we are offer- 4 ing at attractive prices. We, shall be pleased to furnish detailed informa tion concerning' them. Bonbright & Company MOHRIM Wfn "iTHOt'n. Jr. Mannsrr 437 .Chestnut St., Philadelphia New Trk Bestan Chiracs Detroit ' London Pari William P. Bonbrlsht'A Co. Bonbrlsht A Co : B OlinMnney S? &MRNY,hiC AUTOMOBILE BANKERS Offer special facilities for In dividuals or automobile deal en to finance the acquirement of pleasure cars, for business houeea to finance the acquire ment of commercial cars or trucks. If you are thinking; of urchaslng a car of any kind or any purpose the FINNBT BT8TEM will make a better business transaction for you. HEAL ESTATE TRUST BUILUINQ PHILADELPHIA We Own and Offer ' Penna. R. R. feen. 4Kb Due June 1, 1965 A.B.LEACH&CO. 115 South 4th St. !f I 3 Morris Brothers Co. XatabUahed 138 Bonds for Investment Mtmidpaa and Corporation 1421 Chestnut Street &. Wl ' -Jl r " .M THE HAV1LANDARHSTR0NG COMPANY STOCKS Ml WALNUT ST. BONDS NEW YORK-BOSTON a 1 1 h W CSTABUSMtO IMS fV an A ?TTf a-iW VAiwsisa i ' A'.B.R80N8. ar. hr,by cautlonra aa.ln.t .''tt' 4arboyna'l0r truatlns any ot tb. crew St the 'ti nch at.ani.hlp Cental, from Uabon - Portugal. P..Ou.rln. maat.r .. f i -i..!?. ?J W .thali rnntfafMn- lll K k.i!. T.T. VC - -Mfc" w .- ;.i.v.v-vi"t""" " " u "s -"scvftT-? ?;! " u.. v r 2 Bullitt BlSr. .4 . ''IS'- V'-V-VmT' 5, '.T'V : ' " . - i .. - . T ml sa ' ii. . -V FINANCIAL NEWS I UNCERTAINTY OF PRICES TO BE PAID FOR WAR NEEDS HURTS MARKET AGAIN Disappointment Because Report of Judge Lovett's Ap pointment as Price-Fixing Chairman" Proves False Helps Bear Side Bankers Buy on Declines High Points in Today's Financial News Dears caused re'cestioni lata in day on New York Exchange, .following better start. Uncertainty over price-fixing was used to weaken market. r -j . ;.,... iu,:i,i Kini fttn.1 dnmnmtion. rcvortca a decrease in unfilled orders of B30,1SS tons at the end of July, as compared with June 30. Rubles declined in foreign exchange market. Great Northern ttailway issued i20.000.000 ot threc-vear collateral trust (told notes, aianaaravu, Company of Kansas declared an extra dividend of fZ a share, unchanged in New York and London. bar silver NEW YORK, Auk. 10. Tlie uncertainty provalllng about tho definite terms nt -which the Govern ment'wlll lnsl on having Its own and Its allies' contracts filled by tho leadhiff Industries of the country was reflected in prcasuro apalnst tho stock market at frociuont Intorvals today, resulting In a majority of Issues showing net losses of 1 point or more nt tho end of tho day. The degree of uncertainty varied with the character of advices from Washington, but with tho market having to overcome disappointment over tho fact that tho statement yesterday that Judgo Lovctt had been made chairman of tho Purchasing Commltteo turned out to bo false, and that thoao who traded In It wero wholly mislead as to the. composition of that commission. Although denials wero made that thcro had been a rupture between the steel masters and tho Government, the wording of the denials was construed as Indicating acute tension nnd tho fact that adjustment of differences Is nec essary gave tho bear traders another factor to be used by them In unsettling values. Tho general Impression prevailed, however, that the larger banking Interests wero quiet but steady buyers of stocks on all such declines as occurred today and on tho low lovels which wero rccorJod on Wednesday. These Interests have n broador knowledgo of the general situation and of the prospective steps that might bo token by which tho nation's Industrie? may be fostered and at tho Bam time Its war requirements helped nt what will be a modcrato degrco of cobL In tho first half of tho day some specialties made substantial gains, Includ ing such movements as an advnnco of C points In Nova Scotia Steel to 10GV4, gains of 1 to 2 points In tho shipping stocks nnd In mnny specialties liko Tobacco Products and United States Rubber. Columbia Gas showed strength, making a gain of about 3 points. But theso movements wero without Influcnco opitWmarket tono. r There wan no special feature to tho trading In tho bond mnrkot. The Llb , ertyoanwas In far'better, demand than wns.lndlcatcd-by tho moderate dealings .f bn'.tftbiBi.ch'anBe, and'.that market was wholly lgnbred In making Important "trd'fiSaCU'dris., , - , l v 'i ' fc ' ! i ' IEfeDENT'OIL STOCK$,ASSUMJ ; ;EDERSHrP'ONTHENEW YORK CURB ',- ,J '," V " ' : ,, NEW YORK, Aug. 10. "Interest In the trading on the Broad Street Curb was today concentrated In tho dealings In Independent oil stocks. There was a vigorous demand for many of theso Issues nt advancing prices, with speculative Interest most pronounced in Northwestern Oil, la which thero was a largo volume of business at 87 to 98 cents. Midwest Refining, which closed yesterday at 179, roso to 187, Merrltt was traded in at 40U to 414, Elk Basin at 1174 to 11 and Oklahoma at 1 to . Tuxpam Star was active at around 1V4. Mining shares were generally steady nnd without special change In prices. Emma Consolidated sold nt 14 and l4. Mason Valley at 7V4 and Consolidated Arizona at 2. A bid of 2V4 for 60,000 shares is kept standing In tho markot for, Consolidated Arizona. The war-order stocks showed a pronounced falling off In public Interest. It was somo minutes after tho opening when a sale was mado in Wright-Martin Aircraft and it then ranged from 11 to 12U. Curtlss was weak, dropping from 48 to 47. Air Reduction again touched Its high record of 99. Increased lmportanco attached to commercial prospects after tho war caused continued buying of Evcrett-IIcaney & Co., which roso to tho new high of 24. Canadian Government Bs dropped to tho new low of 9C. IM)tISTltIAI.S I IMirrilMtEXT Oil. KTOrKRrnniin,.-.i Anked. (Knle) 111(1. Air Reduction 98 Am Stores 34 Aetna Explosives ay Am-Ilrltlsh Mfg A Am Marconi 2H American Writing Paper 3 Canadian Car Co 30 Can Car & Fdy pref 68 Charcoal Iron HV4 Chevrolet Motors 1)0 Cramp 78 Curtlns Aeroplane, 47 Carwen Tool HVi Yea. clone. Anki.rt. (Hnlo) 00 08 31 7 7 12 S .. 4y. 4 33 73 0 04 83 48 00 6 47 "V4 08 0 Carbon Steel 02 flmerson Phonograph . . . flti Federal Dye 40 Hcndee Mfg 28 32 Kathodlon Bronze pref . . 1 2 . . Lako Torpedo Boat .... 7 7V1 .. I.ehlKh Coal Sales 78 83 Lima Loco S3 B7 Maxim Munitions 1 1T4 1 Marlln Arms 112 118 N Y Shipbuilding 43 40 41 Nor Amer Pap Pulp ... . 4 4 4 Otli Elevator 33 B8 Peerless Motor 13 13 Poole Eng 75 85 Redden Truck 14 18 Scrlpps-Booth 7 35 S S Kresgo w I -...OS 100 Standard Motors 11 12 ,, Steel Alloys 7 7 Submarine 58 so St Joseph Lead 20 20Vi Todd Shipbuilding 80 83 Triangle Film 1 1 United Profit Sharing .. yt U S Steamship 44 4 United Motors 23 24 Untied Sugar 34 so World's Film Wright-Martin Air 11 j2 Zinc Concent .'.. 2i si STANDARD Oil, STOCKS Illinois 220 231 Ohio 38A 300 Prairie Pipe 2H 288 Stand Oil of California.. 287 270 Stand Oil of New Jersey, 008 015 Stand Oil of New Yorkv. 200 205 7 28 20 'irV "Y 24 12 208 610 203 INDKPKNDKNT OH, STOCKS Harnett Oil & Oaa irj yt Cosden Oil 10 liu Cosden & Co 10 11 Elk Basin 11 11 Federal OH s 5 Inter Petrol s 13 Houston Oil io 21' 1 10 ii 13 Merrltt Oil . Midwest Ret Met Petrol . . Ohio Fuel .. Oklahoma Rcf Did. 40 185 1 18 10 Osage Hominy o Rice Oil Sapulp.i lief 11V4 Sequoyah i Sinclair zn United West Oil J MINING STOCKS Alaska Standard Atlanta i Big Ledge Blsbee Copper (a pros) Butte Copper & Zinc . . . Butto Now York Cal & Jerome Con Ariz Emma Consolidated First National Goldsfleld Merger Goldfleld Cons 55 Uoldllcld Florence .... Ooldfleld Kowanas .... Green Monster Ilecla Mining Howe Sound Independ Lead Jerome Verde Jumbo Extension Magnato Copper McKlnley Darragh Magma Copper Mother Lode Mines Co of America.. Nevada Hills Nlplsslng Ohio Copper Ray Hercules San Toy Stewart Tonopah Extension .!! United Verde , West End Con " White -Oaks Whlto Caps Yerlngton . . BONDS ueimcnem lis Cosden Oil 6s Cosden & Co 6s . . . "o os 07 Russian Government 5 Vis 73 Russian Government CV4s 80 Southern Railway 5s.... 01 Sinclair Oil 6s 04 Todd Shipbuilding 6s ...too N Y Cities 4Hs 101 41 187 1 1 10 0, 11 j I VS. if 32 33 10 11 1 m d 8 0 1 1 lv6 1 2 2 !' 1 2 3 5 7 53 57 15 1H 11 14 ii 1 8 8 5 10 11 1 1 23 25 it II 53 55 40 50 38 40 1 1 18 23 7 7 1 1 3 4 13 15 A 2 2 37 38 64 68 1 3 A 1ft 22 24 40 170 lA 10 0 11 1 2C 33 11 1 HI 2 1 Gl 08 07 04 08 08 03 07 73 85 08 102 101 8 1 26 tl 1 40 41 7 l?fi 06 24 08 75 85 07 UtOAI.' ADVKaTIWBaKftTii IMp IN. THIS COUBT OV COMMON PLK5 N far the Coaatr or j-hlladttuhi ouM of PaTM'C. SthaUrT dttaaaad. B. barker, a waak- If Af V : V"KRJ,.:5f.Wr ff?.v.,li. " tha account of at' ' TCY wJ"Vii.i. It ""b,", aroruaia. aa f. . Sti Jr c,r, A?Bclilar at at. executor of n. wvmu iwrai.ii, oaa oeen niaa In tha I 2&?.2 - Prothonourir of aald court, and ,,! a...a.. for auch aotloa aa Uoourt may datrn eaaaaalaBi. v - f s. ...-- ' ALBERT T. BAtrenT.B. f.U', .. AttornaT'for Accountant. L f VV j 08 Commonwealth Hlis. Sf n account of Guardian for Jakn nuwMu yrwii. ' WBJCCTOBY OT ACtOUNtAWTS . CartUXTaaWa AecaaataaU'- MONEY-LENDING RATES NEW YOBK Money on call opened at J V4 per cent: high, 314; low, 3; last, 3; close, 303 ; ruling rate, 3V4 per cent. Long-time loans on good mixed Stock Ex change collateral today showed a wide vari ance at 4V4 per cent bid for flye and six months and E per cent asked. Money loaned for four months at 4 per cent for. the shorter maturities ; sixty-day, money was quoted at'4',4 per cent, and for ninety days at tfPiVt per cent. For the shorter dates there Is little or no demand on industrial loans. Money Is quoted at 4H04U per cent for sixty days, at S per cent for four months 'and at 5 per cent for Ave and six months.- These rates average about per cent higher than the maximum of last week. Bank acceptances quoted at SU and 3 per c:nt for eligible and 4 and 3 per cent on Inellglblea. PHILADELPHIA Call, 5 per cent! time, 64J5 'per cent Commercial paper, three to four months, 6 6 per cent; six month, 6Q5Vi per cent. Refined Supara Unchanged NEW YORK, Aug. 10. Refined surars firm and unchanged, with American Sugar Company quoting 8.40c and Arbuckla n. 9.15c. The Federal and Warner Companies and B. H. Howell Son Co. are, out of the market The last sale In spot Cuban raws 7.0IC 'jrz " .,. M . -n.'m J-T'?Wi h A' ' Lut v" FOREIGN EXCHANGE NEW .YORK, Aug. 10. The feature of the Foreign Exchange In the early dealings today was counter-currents. Rubles de clined to 21.15 for cables, a decline of 60 points from the best level of the Immediate rally, and checks were 21.05; the hltrh nn the recovery was 21.65v Lire worked easier and Scandinavians rallied fractionally. Quotations were; Demand sterling, checks 4.75 A cnhlM 4.76 A. sixty-day bills nominally 472U Tnd ninety days 4.70. Franc cables 6.77, checks 5.78. Lire cables 7.40, checks 7.41. Swiss cables 4,39, checks 4,40 Guilder cables 41, checks 42. Pesetas cables 22.80, checks 22 65 Rubla cables 31.15, checks 2lW Stockholm cables 32S, checks 3'ai .Chrlstlanla cables 30, checks"3o' Copenhagen cables 29, cneck " Announcement was made that nn iM roday!XPeCUd t0 b reM,Vea & QuEE , BANK CLEARING8 Bank cltarlme today compared tnti. -apondlns day laat two Jeara: wnh t9n iaiT i.i. Pnltadalshla IBO.S09.70S tJMU.stlt o Vo a.. Uoaton ,,... 47.24S.2ai 27 284 8S8 'SJ'JrS'SJX N.w T.. 1.0il.B64.ao 45!o$8 i,-itt5 . v.wo.oi n.flU'l HIT Chicago..., 70,108,786 Nt Clote. chsa. 13 - H R 20 80 .. 00 04 47 94 76 00 V 14 64 14 .. 01 .. 28 H 01 "A 70 15 W 08 New York Stock Sales Itlsh. Low. Advance Rumely. 13 13 Alaska Old M ... 3 B Allls-Chalmers Co 20 20 do pr 66 86 Am Agr Chem ... 00 00 Am Beet Sugar ., 03 01 Am Can 1 Am Car & Fdy Co 76 76 Am Int Corp .... 61 " Am Ice Sco .... 14 14 do pref 54 54 Am Hide & L.... 14 14 do pref 61 01 Am Linseed 28 28 do pref 64 61 Am Loco 70 70 Am Malt 13 16 Am Smelting 101 100 100 1H Am Sum Tob 5B 63 85 1 Am Steel Fdy.... 07 67 07 Am Sugar 123 122 122 do pref 116 118 118 Am Tel & Tel.... 110 110 110 do 3d pref 03 03 03 .. Am Tobacco 213 213 213 do pref new.... 102 103 102 Am Wool 63 63 os -M Am Zinc & Lead., 24 23 zsv .' Anaconda 76 75 75 1 Atchison 09 00 00 Atl Coast Line. ..110 110 110 Atl Oulf & W I. .107 100 107 1 Baldwin Loco Co. 71 70 70 Ja Halt & Ohio 69 69 60 do pref 69 08 9 Barrett Co 107 107 107 Beth Steel 120 120120 do B 117 115 110 do pref 115 115 115 4 Bklyn Rap Trans. 62 61 01 Canadian Pacific. 161 18 150 1 Cent Fdy Co S 35 33 Cal Backing Co.. 37 87 37 1 Central Leather .. 01 02 03 1 do pref 112 112 112 Chandler Motors .81 80 81 Chesa & Ohio .... 60 00 60 Chi (It West pref. 31 31 Chi M & St P.... 08 do pref .......108 Chicago & N W..109 Chic It I & Pao tr. 33 do 6 p c pref t c 67 do 7 p c pref t o 71 Chill Copper 19 Chlno Con Copper 64 Col Fuel & Iron.. 40 42 100 33 08 82 03 107 109 31 Col Oas & Elco Consol Oas . ... Corn Products.. do pref Crucible Steel.. puba Am Sugar.. 200 qou,i cane Sugar. 39 Bel &, Hud 110 100 Den & It O pC... 10 Dome Mines 0 Distillers' Sec... 27 Ero ..,.'., 23 -do 1st pref .... 87 Gaston Williams.. 38 General Motors ..111 Great North pref. 105 Or North Ore subs 34 Greene Can Cop.. 42 31 1 60 3 107 109 32 1 86 2 70 1 19 64 .. 48 42 2 10D 1 33 07 -)- 81 200 4 39 100 3 10 0 .. 27 24 37 38 107 108 3 104 104 34 3t 42 42 .. 09 19 64 48 40 100 33 97 80 197 39 16 0 20 24 37 38 Homcstake 100 100 100 Inspiration Copper 85 ,85 Int Mer Mar 30 do pref 02 Int Nickel 39 Jewel Tea 40 Kan City So 21 Kennccott Cop.... 3 Lack Steel 01 L E & W pf 27 Lob Valley 01 L & M Tob Co pf.115 29?:, 00 30 40 21 42 89 27 03 115 10 115 6. 30 01 1 39 40 3 21 42 90 27 3 03 115 5 10 116 1 .125 128 135 -f 80 20 05 231! 03 37 57 6 33 87 35 42 22 33 88 35 65 63 8 75 19 30 33 66 80 98 Loote W Bis Co.. 10 Lorlllard. P pf...H5 Louis & Nash. Mnckay Cos 80 Max Motor 30y, do lrt pref 05 do 2d pref 24 Mex Petrol 00 Miami Con Copper 37 Mldvale 58 Mo Kan & Tex... 0 Missouri Pacific .. 33 do ctfs 68 Nat Con Cablo .. 38 Nat Enam & Stpd 43 Nev Con Cop .... 33 New O, Tex & M 33 New York Cent .. 88 N Y N II & H ... 30 Northern Pacific. 102 101 101 Nova Scotia Steel. 107 103 100 5 Ohio Gas 60 Penn R It 62 Peoria & East.... 8 Peo Gas & C 75 Pere Marquetto ct. 19 Phlla Co 36 Pitts West 33 do pref 66 Pitts Coal ctfs... 56 Plcico Arrow pref. 98 80 30 63 I'S"'. 05 .. 37 Va 57 n 33 87 1,4 3571 42 22 33 1 88 33 50 63 8 75 19 36 33 00 80 98 Press Stl C pref.. 101 101 101 Quicksilver Ry Steel Spring. Ray Con. Cop.. Reading Rep Iron & Stl. 1 51 27 0 00 Royal Dutch 05 Saxon Motors 18 St L S F 17 Savage Arms 00 Sinclair Oil 43 Shnttuck Arlr ... 34 Sloss-Sheff S & I pf 93 Southern Pacific. 91 Southern R R .... 29 do pref 69 Studebakcr 64 Tenn Cop & Chem 17 Texas & Pacific ..17 Texas Company ..189 do rts 20 Tobacco Products. 73 Union Pacific ....137 do pref 70 United Alloy Steel 44 uni uigar stores. 134 122 124 1 United Ry Inv pfd 19 19 10 U S Ind Alcohol.. 164 162 103 1 1 81 26 93 88 68 18 17 00 43 24 03 94 28 68 63 17 17 1 81 26 03 !', 80 1 03 .. 4 H- I 1 Mi 18 17 00 43 24 03 01 28 60 63 17 " 187 187 1 20 30 73 73 1 130 130 70 79 .. 44 44 ai 04 63 03Vi Hi .107 107 107 .PM 1)! 1!3 .101 103 101 .. . 40 40 40 ')! l 11 40 20 20 49 20 20 04 U S Rubber do 1st pr . . . Utah Copper . Va Car Chem Wabash do pr A . . . . do pr B West Md West Unloh Tel Wcstlnghouse Mfg 48 Woolworth 128 125 Worth P & M pf B 80 80 Wheel & L E 18' 14 do pref 32 32 Willys-Overland ..33 31 do pref 05 03 Total anlea, 460,300 aliamt, compared with 66X.U00 ahurea yetnlayi.lliui fur thU vrrk 1.001,300 khareai aome period laat ueek, 1.11)3.! Vila"! m I. .1 a.Aj r v 01 48 49 20 20 04 1 48 125 69 1 14 1 32 31 1 98 5V4 -l 8t. Loull... 21.862.014 1S.18.T11 i7'!S'!?2 .J!S.70? 63.407.6S8 ii.jMlafS . , DIVIDENDS DECLARED Kmesm Ex dividend Woolworth. 2; Anurlr.nJin.ii. Ins preferred. Hi s Philadelphia Company, 6' I'ltteburnh Coal preferred. 1H ; International Harvester of New Jeraey preferred, 1 : Inter naUonnt Harvester Corporation preferred, Hi I'lttaburgh, Cincinnati, Chlcaco and tit. LoulV Sales in Phllade Iphia 1 1,0 IT. 103 89 70 155 00 11 5 76 0304 83 62 04 20 31 93 04 20 4 0 46 78 Net Cloie. che. 103 80 -.1 70 T4 50 156 . . . 60 25i .. 11 05 1 fl7 .. 70 .. 03 55 .. 83 2 53 04 20 32 ' 03 1 91 V 20 4 .. 6 46 78 123 T8i .. 37 r'r:nmr-rtrk iDADin TRANSIT TKUJSi OJDxvxiriuATiis-' JXXJ.ls -. -- - TTnATX T rri AT rn..V CONTINUHi TU Uihtxv xjiujau llXAUINC ltlah 3 Am Oas ....103 4 1 Am Rys pref 00 63 Bait Loco ..71 Buff & S t o 27 Cambria Stl. 153 BHIcc Storngo 60 Ins Co N A. .. 100 Key Tel Co.. 11 10 do pref... 63 Lk Sup Corp .. - 84Leh Nav ... 76 30 L0I1 Vnl ... 03 Mlnchlll .. 10 Nor Cent .. 83 274 Penna It It. 52 40 Pa Salt Mfg 01 378 Phlla Elcc. 29 2359 P It T tr Cfs 33 30 Reading ... 93 00 So Pao .... 01 200 So Railway. 29 200 Ton Belmont 4 70 Ton Mining. 0 430 Union Trac. 40 120 Un Gas Imp 78 4310 U S Steel.. .121 123 Wm Cramp . . IQVnrlt ltv nf. 37 37 tQuotatlon given Is yesterday's close. Tnfnt mIm. 8921 linr, romiKirc.1 "'' I0.0M nlinrM jr.tenlnjl, lima Jr tll " "J4 80,1111 ulinreni iwimo period Inut eK, Ju.on oliurei. tmvtiu Net llluh. Low. Close, chge. 84000 Am Gas & Elcc 5s... 01 01 13100 Elcc & Peo Tr 4s ... 80 3000 Eqult III Gas Cs 101 9200 Ml) llnnd. 99 00-100 00 2000 Lch Valley gen 4s .. 83 83 83 .. 1000 do tons 4', 4 s 2003 .... 03 03 03 .. 7000 Phlla Elec lbt 5s ...100 100 100 .. 1000 SpanUh-Am I Cs 101 101 101 Tot.il snlei. St0,30n, conipnrrd with $62,300 e-teril.il Hum fur till- week. 215,I30 mime IK'rlud l.i"t nrck, tflUMSU. INACTIVE PIIILA. STOCKS Following are quotations for Inactive stocks listed on tho Philadelphia Stock Ex change nnd In which there wero no trans actions today. The price given is the last previous close. AllUnc" Inn .... 20 Amer Stores ... 37'i do pref US Am flai war.... 1H Am Mill O llrlll .1 O 2'iW Huff Hull t c. r.5 Cim Iron 18 ralaulsai int pf 63 Con Trao N J... 73 Uen Asphalt... . V.l do pref Ill Leh Vul Tr .... 27W Close. 01 70 76 101 101 1 t 09 00-100 4-100 NJt Seashore. N Tcnna do pref I'hll.i Co pf ... do rum pt .. Penn Traffic ... l'lilla Cu PUT tin C01 of N J. . w n y & i- , . . . Warwick Weatmoro Coal York Hwys 4(t 00'A 46 33 3'li , 2 3N' 20H 216 2H 76 14 Local Bid and Asked Amor .Stores llrlll J tl ltufT A Suaq t c . .. . (Ii prtf IMMwiu I.oco Ktfctrto Htnrutre . . . . (,em rat Asphalt . . . . do pref KoHluno Tel do t c I.ttl.o hup Corp I.ehlKh N"av lshlitli Vnl Uhlt-h Val Tr do pref rennu H 11 I'hll.i Kkctrlo Phlla Co do 6 per cent prof. do d per cent pref. P It T t c Heidlntr ronopin iieimnnt 4'i lomip.ih Mining n'i' t'nlnn Traction 4(1 IT O I 71-4 tr S Steel 133 York Uwy IM',4 1 pref .'17 Win Cramp 4. Sons.... no Today llld Asked 2D r,:, 611 71114 60 111 r.l 11'4 ;6 ni; 11 n:ii 211 111 63'4 211'i :ni n.i :ti .ti4 113. 11 .nn. 67 82 71 l!U 20 112 12 (17 17 77 n'l 27 47 52 2!) "4 as 8- .111 3P 114 44 i! 4il't 711 123 II :i7; 8J Yisterdiy JIUl AHKM :1111s ni! 71 5'1'i 111 in 124 li my. 7ll n.i 211 4(1 62 14 2l 31!' .11 .IS i 31 i 04'4 4' J Hi 411 78'4 1241? 1314 37 81 Mill. isfi 87 61 71 W (K 1 M, 20 Ii2 12 (17 17 77 III 27 17 62S 211'i .ISI4 .111 ,111s. 32 lUi 'ft (l 4ll'i 7S 121 14 37'4 82 INACTIVE NEW YORK STOCKS Following are quotations for Inactive stocks listed on the New York Stock Ex change nnd In which thero wero no trans actions today. The pneo given Is the lact previous close. dnma Express ..118 I"'". Mter Tob. .".11 Artv Itumely pfu. JH Lorlllard P .. 7,i Alat Rubber .... 07. I.onir lal ftf. ..,.? Alaska Juneau . . 3T4 Vlackay Co nf. iiiv .tinrin.irtnn li ..- H fl W I nf C2 Am Ape fh'm.P'-lRll'S Miiriniirrfl n it!... aa- J1.?: JiW Store;, mu Clev.,115 .191 Manhattan on-a .men uent tm ..." ".""' Pf--. 10 01 o ,.,1IM. .Jlont Power hub7 uorris & Easei.. iu rtn . St Pret 111Z I' & S s M lii.-ii: .in etfa nrcf Am Cot Oil.... Am cot Oil pref Am impress . i T nnn til . 4u "" .;--. in Atner Hmeii pre." Am Smelt Vt.AU . ti -la nf A., lt'l rtlll (MHI. I'.;-. ,,,tf , ' 1, 111,1 sa Am Smelt pfd 11 91 Vtnni'n ' f p ni3 Am Sumatra pref JJJ Jlont Power pf ..no Am Tl Cable. . nn .nt Acmo 3. Am Woolen pt.. l-4 Nat -Nl.cmt in9 Am Writ Pap pt. 40 at Knom pref.. onJ Am Zlno fc l; Pj $ ,P .instf t, D U let Pt '?.., V.a' l'ad ' sr. Atchison pre'... jj" Mei : 2d pt 0 II 1 id meo pr.;f , 10" , V - ft St L... 20 Uatophllc: llarrtt nrooKijii w. , Mn r-. Ilrown Shoo ,, ..."",':"' ..... llurna Bros J7 io rt ft South.. SS' I s Am Tei.n6;. ohto9 rt..::: Cerro uo i-nm-u.. -- "inu nnver , ineo pr.r , 1U , AC ft St L... 20 ophllcs Mining l' N Y Oft w.: ... 22H r. It Co Pref..l1RVi 6 M pief r.0 oklyn Un Oaa.lOS U Doric ,iH in jat 1U Chi ft Alton uo prei ..... .. r.. -vtn 1,111 v. " .",. CM ft Nwn pref..l Col ft So 1st Pt- J do 2d pref. 1 in Cluett-Peabody pt.1,10 Col ft .gouth-,!;'" 5J14 Comp Tab llec. Coat. Can .,' 40 24 Vi 122V4 82 60 4!) 03 654 00 21 23 UK (a Owena Lot I'ae Tel Tel. Pacific. Mall .... ran.Ain l'ct pt. . do nrl.ir . A. 1m,0. ,. r? " ' 414 Pitta Pj.; pref...0 Press Steel Car. .'728 Prssd stl Car pt.l42V4 .V"'1"1"" I'll far 44? Iteadlna 1st nf . 4n Hep Ir Steel pf, 10311 ltv Steel pref .;' Seaboard A L.. 1214 SaDhnna.1 . ,m I OH VI-a - - - aa. ront Can pref... 1" Con Int ,-: 119 Clrte:! Cuba Cane Sugar 381 do pi ; "ioo sioss-Sheff . Deere & COJ'I1- B So ) It.r S I) S 3 ft A rrer 5 Studebaker pf LTulD ",, r vi 7li "eHnoarn pr . , , ht I. fi iiwn i. m. iin iiri.i' t 1..1 J?ie,rcsto "lilt" SsW rji'dAvaMU ; Klee.Btor Jjax... . , Tidewater Oil 'H Tob Prod nf ani Tol it L West." r.ik Horn I uci i:rle 2d pt .11 61 2"T 04 4.1 li 40 -' 'i 20 .10114 GREAT NORTHERN NOTE ISSUE FOR $20,000,000 t m m Collateral Trust Three-Year Securities . . Will Bear Interest at 6 Per Cent NEW YORK, Auk. 10. The Great Nor thern Hallway, through the First National Bank of New York, has Issued 320,000,000 of collateral trust three-year irold notes, to bear Interest at S per cent, secured by de posit with the. Bankers' Trust Company as trustee, of 125.000,000 0f Great Northern Railway Company first and refunding mort. gage 4 per cent bonds, due In 1961. The new note. Issue' la dated September 1, 1917, and will fall due September 1, 1920. The First National Is offering; them, sub ject to allotment, at 98 and Interest, to yield about 6 per cent Delivery will be made In the idrm of temporary receipts from the bank on September 4 next, The notes will be Issued In coupon form, in denomination of $1000, 15000 and 110,000 each, and may be registered aa to principal The company reserves .the rlzht.to red.m' tfcam at'any.Um;fcore pUmbra,-l18v- M 1 n..H lelftl tlranby Mlnlnit HI un Ilaic ft Paper iiS uo n.ur ....- oranuy ; u,i 111) ao "w ..." " (lull Htate tl.."iv, jrn cigar s nf 11,. UinllSC,orp-.V..S-r HSi.B'SR.Vpil lu, ,Vni,"", Jty 'nv.. ii 10214 Underwood Type.. io'! 107 , " which Iter. 68 5 .yo Wooa M an nret ft.u United Drug- .. ?i United Drue 2d pi .4 United Pap lid ff BJK V n 181 I I'n. . 5S'4 . H'4 . 65 . 7a .103 , ,li:i'4 llartman Corp VmnoT." Central Int Asrlcul .. do pret Inter Con Corp do pret .. Int llarv Corp do pref , Int llarv w f'iiTlZ Int llarv N J-K'-jiTc Int Nickel pret...lv in, Paner .... l". Int Paper uo pre! Int Paper Iowa it it Nnnin nrei.. . (vi inn in n .:... Kelly fiprlnnfleld. 4014 Wl Central;.. .'.. 'iS KenkftDM vi Woolworth praV.'lM-' lacleda Qaa .... 08 worthlnuton PftM 31114 Leo Hub and Tire 2014 "l auv Open a Little Higher, but Price Sags Before Close-Steel Common and Railroad onares Jowerjtiard- r.n Shipments Jump fl U a Expre.s., Ts7" it b n.ft, !". !?.. "'.., Utah s. ."" J?. I,ape, ;:' am Z ?" uhem"Pf:i l pref ata... v iron c c... 71 aperpref.... 0714 Weit ran 11 M tiu fent .nil' -...I? v' .....I. 47 I Tea pf ....101 Wilson Co.... n? 0.., rf . . S1K VM... n. ' ''.'"' VI The local stock market showed a little broader tendency today than yesterday but there was no great activity .n any excepting Rapid Transit trust mrtinca and United States Steel common, lnco changes were generally small and the ten Sency was'to Irregularity, graders showed nn uncertain attitude, awaltlnftdevewp ments In New York, "here stocks rmm to take no positive courso during the greater "'virttiallyMMntereat here waaattached to the Transit .cortincatcs but they dls played neither strength nor weakness mov hi in the upward and downward direct Ions several times during the session. At one time the nrlco was as high as 3214. a irat oral gain, but the majority of transaction? 00k pface'around 31 in the afternoon a trine below the previous dose About 2100 shares had changed hands up l m"" noon and then an increase In th ncUMty of Steel took tho attention from Transit. The "owing up of trading In the certlncatea probably may also be attributed to the "i. nouncement of a conference In City Hall on tho new lease. j...i v, .....I aia dUninv nnv vlKor during me day. being about half a point lower up to ...1 t, nnd nfter that time 11 oe- mo noun - --. . , 1,3. gan to toboggan, soon urouuin - loss of more than a point Tha ....... port which came out at noon and ahnVJ J decrease of more than half a million !il in me oraer 10 oe nilea doubtless V?, 1 In quite a little Belling, which briuahtO the late decline. Sales aes:r!i l?f than 4300 shares. The close m n.iJT1 ', due to a late recover ' " J iiuuruHu Biiurca snowea a weak tena '" on nmaii, ouu 101 transactions. Reafl'lil, I'ennsyivKnia. was uncnanged. RnnivZT' ?l dropping to 93, off 1. Uhlgh VaiSfl and Southern Paclflo were off u ft?1 p.nnivlvnnln wna iinAlmn..j ' waua.H Railway was an exception, aini m!!..11!; hands at a fractional gain. Baldwin La? S motive was off and Keystone Teleiwl preferred was down a point On the otwl hand the Keystone Telephone comm. z" i higher. American Railways nraf.ejl''' a nff a dollar. PhllarialnM. w...!."" . United Gas Improvement were a iiw lower. -m Shipments of anthracite coal, as reBorUi by tho Anthracite Bureau of statl.iiT July were 6.724,282 tons, as against t'l'lj 878 tons in July of last year, an imLIi;' of 1,291,374 tons. For the calendar v2rJ n .lulv 31 shipments were 11 Hoi r . l as compared with 38,845,643 tons n 5 same period of 1916, an Increase of E tti ' S02 tons ' "r 1 New Yqrk Bond Sales 400Q Am Art deb 6 33nwiu Anelo-Krench 6a.... 5.'iootl Am Foreign Sec 6a. Kiun Am Hmelt t Ucf Cs llioo Am Tel clt 4s, 2111)00 do 9 High. Low. Cloao, i IkH. 111V1 i.it HiH "li vm ?s njs m 112 VA sip onU 111114 117' l71i 07i 1 gs gl is '& ; a 101 , 101, , 101 SHU 8311 MK 'ill "usfa 5 oou uni. you 88H 83H' 8 82 82 8J' 07 W7.. 'U7- u-IA lli. RTI& ra . . y. dp , 844 . ' 113 "D8H op , ,0 ( .. un 1 - 'kit 1 tin 02 87., OlJi .111111 Am Thread 48 ....... VITl 3UWI Am Writ l'apBf 8S,i 7IHIU Armour co ia 13300 Atchlnon gen 4s 100(1 Atl Char 3a....... 200(1 Halt ti Ohio cv 414s. 2000 Can (lovt 6s 11120... 10000 do 6a 1931........ 3000 Cal Oaa & Wee 6a... 10011 Chill Copper 7s.,... .'llioo Cbes ti uhlo cv 414a, 1000 do 69 lono do I'i" 3000 do ronv 6s 100(1 Chi Ot West 4s,.. .. 720UH CM II & Q Joint 4.. I. (Mill Chi II & U 111 4... i 1000 fill Jt ft Ht I' dlv 4. lilixio do rfd 414 s loot) do conv 5s ;iiioo no cv -itti -.. 6.'()0(l Chi It I & 1' rfd 4s. J io 2O0II do 4s.....' .".. 8" 10(10 Col ti South Int 4e... 8414 23000 City of Paris 0 03 2000 Col ft 1 gen 6,.'... 1ll I 1(10(1 Cln. I.eb ft .N'ortn 4.. bo 60(H) cnirago Itftliwaia Da. vi 37000. 1)l Sicur Corp os. 700(1 Krlo conv 4a Her nnilO An nnv J Her U1IOOO rn-ne.h Henub 614 2000 Hud ft Man rfd 3s.... 68 2000 Indiana Steel Ss J01" 1000 111 Cent 4 47., 2000 Interb Met 4!4a 0314 liooo Interb II T ref 6a 9114 2O0O Inter Mer Mar Bs U4H llioo l.k h deb 4a 1V28... 0114 3000 LIB 4. M T 6 100 l.'.ooo do 7a 120., 201)11 I.nula ft N'nsh 4s 0014 6D2G0O I.lbert)- Ilond w I s 09 0-100 09 62-100 D9 60-100 6I000 Met West of Chi 6s... 93 02J4 D2J4 6IHI0 Mo Pae W I. 5s 1D23. li.'iTd 041i 94 10(H) do W I, 5a 1020.... 92 , 92,, 92 MOOD do cm 4a 6T4 614 6914 1000 Mont Toner 5s 9114 9414 9414 10000 N O Tex t Mex 5a.... 484 4R4 48 3-'0()() N Y C ft 11 Us 102i 10214 102 41101) do 414 s 2J4 924 92 21)00 N Y'CItj- 414" 1900... 974 9794 974 4001) do 414a 1963 102 102 102, 100(1 do 4l4a 19(14 974 971 974 4000 do 19115 101 101 101 2000 do 4rt 19H0 97"i 974 vlK 2000 N Y O It ft I 6 9N4 8"i 9814 looo n o ny i u 4Ht,. 7vi iriiioo n x Tel Ken 4'is.... 6000 Norf ft West 4a 1000 Nor Vac 4s looo do w 6s looo Ontnrlo Power 6af. ... 20110 Orn ft W It ft N 4 7000 Pacific Tel 6s 2000 paclnc lias rs.. i 6s. 91' " VT ' -Ul ' v.. oil? ofrtJ.iOOH. J4s,. 98H n--,98J k!.'. i'. rdit 64 10U V 11)1 ' 47 47 0314 A3 1)11. 91 Sift 9S 100 119J4 120,, 00 90 93H 87 fc 8714 91 111 8(1 0714 8(1 l.iooo Penna Ken ct 44s,... 94 4000 do 4 s 1921 09 61 Public Service N J 6s 87 llioo l'ere Marquette-as.... kh 50IIO Heading Ken 4s 91 61)00 Ilepuh Cuba 4 a 80 6000 do 6s 1904 tlfl'i 300(1 Pep Ir ft S 5 100V1 31)00 Rock lal ft Louis 4s. r.n i ooo st I, a r in 7000 do Ser A 2000 do Her II 1000 St Paul M ft M 4 a. 12000 Seaboard A I, adj 6s. 2lino South Hell 5a 7000 South Pac cv 4s 2000(1 do cv 4s liooo do rfd 4s.. 13000 south iiwy. noon Tcxna Co I 2000 Third Ave 9000 Tol St 1, ft W 4s 132000 U S Rubber 5s.... 2000 do (la 10000 IT S Stool S F 6s.. 4000 Union Pne cv 4s... 21O00 U K of O 11 ft I 6 .'17000 do r.'ie. 1IHN 4K00U do n 172000 do 5 41000 do 6 (1000 West Klectrlc 6s.. 70IIU west Hnore -is 8?8 60 Bl 711 !I.V 58! 97 si! 9H' nn1 I 4S Mill Sll4 Ml4 y. 5.1 97 97 97 0 102 102 102! new 4s nri'i 5i 5i 8 50j 102 60S K41i .102 .104 104 . 89 (81) . lis 99 Wi 99 60 N4 102 104 89 OH 90 i.'.'jS 11N nun, nuti n 5s 1919 m 93 A 95A 5'4s new 1910... 90 9 99 5s 1921 9-1 4 94 Klectrlc 5s 100 09 99 1000 Wisconsin Cent gen 4s 80 1111 "4 81 nu ?i ou Total sales. inn IMMI .(.nlai .(...a n ,1.1. ....I. 350,000) same period last eek, l).760,0(5o $2,684,000. romnnred wltli 3,. tni ween, n,- CLOSING LIVE STOCK PRICES UNION STOCK YAIIDS, Aug. 10. HOCJS Receipts. 12.000 head: estimated tomorrow, 9000 head. Active an mostly 25c higher than yesterday's average. Hulk, lR.16lu.90: light. H6.10W10 90; mixed. 13.604i17; heavy. 315.40 17: rough. tlS.40dlR.AS. ' CATT1.K Receipts, 2000 head. Btron. Top, , SHEEP Receipts, 6000 head: lOo to 25o higher than yesterday: 110.90. Lambs, 114.90. KANSAS CITY. Aug. 10. CATTLE Re celpts, 2000 head; closing strong. llfXlS Ilecelpts, 2000 head; closing 16o to 25c higher. Good clearance. SHEEP Recelpta. 1000 bead; steady. SOUTH OMAHA, 4200 head! lf.c tn CATTLE Receipt higher. bllllEP Receipts, 50c higher. ,A-utU.-.-Hoas-'r'ts. 800 head; 4000 head. lOo to lffo Fat lamb. NEW YORK BUTTER AND EGGS NEW Yfinif. Ann-. 1ft HTTTrr'n .. 12,9.14 tuba. Market Irregular. No . chanai in Market firm. Quotations. ECUS Receipts. 0970 cases, Quotatlona unchanged. CHICAGO BUTTER AND EGGS CHICAGO, Aug. 10. Eggs firm Tteeelnl. 2J"-- Ft. 3i9Kc: ordtoaryflrst!: liutler firm. Receipts, 9000 packages. Cream, ery, extra, 30c; firsts. 37038c. w'""- -ream. Destination of Gold Export Secret NEW YORK. Auk. 10 The Subtreasury has transferred Sl,650,000 to San Francisco on account of shipment of an equal amount of gold to Japan. There was also with drawn J2B0.000 Bold coin for shipment to Canada, J16Q.O0O to Cuba and J2B.000 to Mexico. An additional 729,000 was taken out, but Its destination was not d'sclosed Sugar Futures Decline. NEW YOItK, Aug. 10 The market for sugar futures opened at declines ot 2 to 9 points today, with 'sales on the call 1000 tons. There scattered trado liquidation and Cuba offered contracts freely. The decline was not altogether unexpected, and was thought duo after recent sharp almost dally advances, new high records havlne been made every day for the past week or so. There was nothing, however in the spot situation to cause any decline conditions there reported being stroAc - r Extra for Kansas Standard Oil NEODOSHA, Kan., Aug 10 Standard Oil Company, of Kansas, declared tho reini lar quarterly dividend of 3 per cent and an extra of 12 per share, payable September IK to stock of record August 31, Pari BtMirtM Oul.t .mVi..i:..i..'.: -TV-- . i ' IIMIifl M I nn mu ar iwxxmmesu COTTON DECLINES ON ACTIVE SELLING : Rains Throughout Belt and Many Bearish Crop Advices i Help to Weaken Market NEW YOttK. Aur. 1, ; m Private reports of rain in Oklahoma, t . showers in Texas were followed by aclln"' selling ac int cotton opening. August started at a decline of Ct polati in the absence of buyers, while later montlui " were) 12 to 23 points lower with October; .lt-H., .'';, L' ,... J.. .-1. . i Sl'pojntsuiidtr.IlaaV.'nlihl's closa .' ' S .Thejweitlier, map! aTjjowjd. no,'prechjlftlsiI lrt.tbo Bouthwest,'. but' itwa's Ihoughtplsklili" . ithat'the detalW-mlgrit'makeia m6rTfiTsA?i .able; japjarafice;altoTigh,,loca.l.'readeri tin themapj;ioundr little , In ,bai'ometrlc6nJft')1 tlops'iori .whlcfi'.to'.base .rain predlcflouit I . -A.U..., nWW. T.feOf,TV. j lucBumi cUIUtUQ. V setiica during ine'miaaia or tne mornlm There waa selling: on the private ralnjiewi from tho southwest and the rumors tint returns to the" National Olnners' Association ,' iuu,ii.icu uu iiji,ituvciut;iii. ut i per cent la the average condition of the ctod iln July 25. Offerings were not particularly S icu.v, iiowBver, ami iney were aDsorDM on a scale down to 25.74 for October, with prices later showing rallies on the con tinued absence of hedge selling and tit firmness of the immediate spot situation. Tho market continued easy in the after-noon. October December January , March ... May . . . . September Tes. close. ..211.10 . .2.-..H9 ..2.1. HO ..25.H5 .,20.24 ..27.15 Open. 2.1.90 23.00 2S.60 2.1.80 2S.43 High. 23.93 25.07 2.1.03 25.80 25.03 Low. lost. 25.58 23(4 21.28' 21 H 25.28 19 U 23.46 23 41 23.01 231 .... 2&1T Liverpool Cotton unnm-uuu auk. iu. rnera mi i moderate demand for spots with prices tl .1 points higher. Sales, 3000 bales; receipts, J 24,000 bales. Including 23,100 American. I poi prices were: American middling fair ' 20.88d; good middling, 20.46d; mlddllniS 20.15d; low middling, 19.70d; good ordl-J nary, io.you, ana ordinary, 18.2Bd. J. UNFILLED STEEL ORDERS LESS THAN. A MONTH AGO i C A Big Corporation's Figures Are 559,121; Below Those of June 30, 1917 NEW YORK, Aug. 10 The UnluVi States Steel Corporation today reporUdJ uniiiieu uruers on its dooks as oi Jul .. last, of 10,844,164 tons, comnared wttt. 11,383,287 tons on June 30, a decrease of 1 539,123 tons, and with 9,693,692 tons M July 31, 1916. - Monthly comparisons with the last two Jtan ' louow; 1017 $11,474,034 11,670,697 11,711,644 12.183.0S3 11,880,501 11,383,287 10,844,164 January. . February, March,... April May. June Jul Auirust... September October... November. December. 1016 17,022.767 8,nC8,06A 9.331,001 0.820,551 0.087.798 0,640,458 0.503.502 0,660.357 0,522,584 10,015,200 11.058,542 11,647,288 101S t4.34S.0Tl. i .115. Ill M,23S.T4I '1 4,1BZ,2 4 "IU.BM 4.C7I.1M 4.92I.HIyl 4.KUJ.1M D.I1I.S 6.109.4 ?.!.'!" LOCAL MINING STOCKS TONOPAH STOCKS Jim Butler MacNamara Midway , Mlzpah Extension Montana , Northern Star .... Rescue Kula. Bid .80 .13 .11 .12 .10 .10 .16 ! ;15. 14 a I :ir. GOLDFIELD STOCKS Blue Bull Booth Dlamonafleld II B ., Daisy ,. Oro , Hanaatorm Kendall Silver Pick MISCELLANEOUS Arizona United (..., Nevada Wonder Tecopa, Wining .02 .08 .02 .03 .01 ,02 .11 M' aivsj 11 i M i ,, , a lic.n lUlia oUrJ!iJ!i MAHritl NEW YORK. Aug. 10. The market forjj coffee futures today opened at declines ofivj to 6 points. Trading on the call was qui sales amounting .to 2600 bags. Yeiteratrs 1 a . t upan September 7,75 ucigwr, . , December.... January , February. . March., May July. ........ men ixjw uoHtn 7.77 7.66 7.87 7.W 7.SO 7.73 ' 7.87 7.00 7.84 7.88 7.93 .... 7.8 j3 8.00 ' I f.3 8.05 8 02 7.08 8.01 , I:1S .0. I-.0.? U 18 SPECIAL ATTENTION TO PURCHASES AND SALES OF UNITED STATES LIBERTY BONDS we recommend buying of TnHvEIt!d,.CT8' "W'm IH HARPER & TURNER investment Bankefs 1000.1012 StExchang. BuiUing , it?? - - . ,:: .. w. A . -.. . . sorikdLaawU matwlkJi. . "