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ItM A SHCNANSO
"RAILWAY LIOHT
COMPANY
FIRST CONSOL. 5s
NOVEMIER I, 1920
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? FIHEE FROM OTATE TAX IN
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PCNN8VLVANIA
rARNINQS OFFICIALLY
REPORTED 2A TIMES
INTEREST ChROES
97 AND INTEREST
NETTING OVER 6
REILLY. ROCK & CO.
CANKERS
JC6 CHESTNUT ST.
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"FINANCIAL
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A Well Secured
Short Time
Investment
West Virginia
Traction & Iilcctric Co.
"Two-year 6',
Bond-Secured Gold Notes
Due .May I, 1919
1 Merer p.u.ihlc without
deductions for present
normal Federal income
Tn, :ind 'l":i Refund
able in PeiuisjK.inia.
Price 9j ''
Yielding 6.i
Descriptive circular nut
tainiitK full inform. ition
will lie scut on request.
Bonbright & Company
MllllltlS V'l!T.VIt SlltOlll Jr
," Minoger
4.J7 Chestnut St.. Philadelphia
ew lork
txindoii
ronton
1'irls
Oilman
let mil
9
B"'
vO,w
iV'
f"
I!
Electric
Auto-Lite Corp.
Gold fg Notes
Seen rid In inllateial hiving .1
mtiket Mili. of niDio linn thtee
times the amount nf those Note.
Viiumil Iiiloiiip ficuu eirnliiKs
ami dividends pi ires tliee notes
In 1111 exception il position
One-yenr Notes yielding over
G.75
1 wo-year Notes yielding ov.r
7.00
Send fin complete ilesi tlpllve
Chcular riM.1l
The National City
Company
1421 Clicilnut St., Philadelphia
New Sork Chicaio han rranciico
lioiloi ruttlrursh
$.
mK
A-
Tax Exempt in Penna.
Free of Normal Federal Income Tax
WestPenn Power
First Mortgage 5s
Earnings and Expenses
li MiiiiIIk emleil .luur Til, );
Gross Earnings . . ..$3,542,606
Operating Expenses. . 2,129,863
Net Earnings . ...$1,412,7-12
Annual interest on Bonds 425,000
Balance $987,742
Particulars on Application
A. B. Leach & Co.
Incorporated
Investment Securities
115 South Fourth Street
New York Chicago llutfil.i
Ilonton laindon Kng llaltlmors
ft
Ik"'
f1
muft
THE
HAYILAMRMSTRONG
COMPANY
STOCKS '''e WALNUT ST.
PHILADELPHIA
BONDS NEW YOBK-BOSTON
' "' " HTABUJMtO r
tjr,.
K'n:
HIGH-GRADE BONDS DRAG WHILE
WAITING FOR LIBERTY LOAN
Competition With Next Government Issue Keeps
Them Idle Gossip of
"the Street"
rT1Hi: lensuii vvh.v flist-clnss lotig-tenn bonds are declining In tlie itimkel nt
-- present." said the tnnniiger of n large liionl lionil house, "I a ineie matter of
ciiiniK'tltlon."
"C'ompetllluii ltli wlml?" lie huh iiskcil. niul irplleil, "With tin- Gi)ernmenl."
"Tuko for InstniRe," ho snlil, "mitli 11 hlh-lass bmiil no I'ninHj Ivanla general 4 4 .
wlitcli am HcllInK today around 'iV-,, and were litmiKht out sonic tlmi' iiro b,v Kulin,
I.ocli .t Co, at S7. To inv mind" In- lontlnued. "Hie rriixnn for tho dctllno not only
In this particular liiHtnnto but In n number of oIIicih Is thn nearnesM of tho new
Liberty Loan and the wpiculatlou about It. whether It will be S"j or I or 4'j,
whether it will or will not be tn flee, etc .Mum ImlileiH of high-class, long-term,
low-yield bonds, both tiiiinic lp lis mid inllrond ate calculating wluthei. In view of
tho Income lax the will be mllnl upon to pa, n .Ti per ent tn-fite bond would
not be n better Imeftmeiit than un olhei mailable Tbe me liolilltiK off till the
tclins of the new loan ate announced olllelulh and, miluriilh, Ibeso high gtade bunds
"' diagglng a little In the meantime '
Puiineiil al Source vs. Information at Source
Itefcrilng lo the discussion whlth H now gohu, on In financial elides legiiilliug
the (lluilnatloii of ollec IIoiih at the soiine and Miibstltutlng Iheiefor of Infoima
llmi nt the Kfiiine,'l, I, At ii mi, of Whiidci. Illllolt .V Mann, In the Nottli Ameileim
llllllillng, salil he "(ould not me how li-glslatlon (oilld be btoiight about to mnka
Mich a ieotiitlouai change The law nml the piaitlie must lemaln Just as they
i'. nt pt sent, ih u Is, (olleetlons al the xoiine Take ' he, said, "for Instance, the
i inn minis Isiim In Hit- past of lung time, tlisl-ilass ralliuad bonds niul look up tho
luottgiiifi link ol tlicse Ismiicm Vim will ilml In nliniist oei I-hiio of such t Hii
ro iil bonds in (Ids Stale the wile Isxunl fiee of lax and liiniiabl the Indention
has a laus.. to ilie elTei t that pilmlpil and Inleitst an- p.iMiblv In gold without
dedm tlon fin mi laves 'l he (Icliliu i ol lionil Ion obllr.ales Itself to p.iv nnv tnves
in posed In the t'ultiil Stales in tinv Stale in iniinli Ipalltv . How. then," he i on-
tinned "inn any Irgislutiiiu be naetiil that would run iiiiiiitei to hiiiii a i i.nisr in
thn iiioitgnges ' Collei tlons must be made at the soiuie"
CdRNfclOES D0VN v '
ON GOOD CROP NEWS
Continued Lowering of Cash Ar
ticle and Fine Growing Wenther
Makes Market Bearish
Sales in Philkihlphifi
m.
.
t
rut
?ls
.f '
it::
;
llilgh Power N. C. C"4 Notn, 101
Kdmontun. f'untiH fl. mil
Cltr of Astoria, .Ore.. Hitler B. IUSJ,
Blrmlnsliam Tldeu liter 3, 1UIU.
I.uploa 7"4 Preferred.
Cfrculari and 'rices on Application
Morris Brothers Co.
(K.tablUliril 1093)
1421 Chestnut Street
LOCAL MINING STOCKS
TQXOPAU ST0CK8
Ilia.
,HN
14
Ill
...... .11
'.'II
10
.....
Y OOLDKlEf.D STOCKS
J. Blue, null ,,.,,.., ,
IMi
-'Jim nutl.e .
!L UacNimari
V Mldwar
"tft Monlana . . ...
H! IUkuo Kulala .
" '. "? : . -......,...
.if. yiamona 41 J ,(.
If "W 02
I " , ,','' "IMI "I
j Hand Ken ., . ai
., JHIrrr I'lck '.jo
if misci:linkous
8t . &:d ivonder .: :"...::.:' '",,
'Teeppa Sllnlns ... ,c5
' JT --:.. r, rn
(ct-, s aria jMjuriw rirm
Ak.
.111
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.OS
.03
.04
.Hi
.01
.11
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.32
(t'ohiff to the Front
The win Is plnxiiig Iiiimx with the persunnil of miiiv ol Ilie bl' lliiiini'l.il bouses
and In piopm (innate inannet with Hie smillei ones
111 the II l Ml of Monlg u. Clollilei A. T lei .oilth I'oillth Htieet, tlltee of
tin- membets- of the III 111 have giadiliilid fiom the Nlagaia camp as (aitaius. TIipv
ielo all mtmbeiH of the. KIlHl I'ltv Tioop TIipv ale f. I, Montgumei.v , IS. Al I'hlller
and A. W I'orlei all foi tho Infaiiliv and (leoige I' Tv ler as llrst lleiiUnant for
the aitllleiv branch of the wrvlce In the llrm of I'liirler A Co.. of the Noilli Ameri
can iJiiildlng, eleven men Vlom the HtnIT have enti red the scivlce In nlmost eveiv
aim of It Including aviation, while among the membeis of the firm of It W Kraler
Is u (aptain and II I' lliniNell, .It . ban Joined the living imps at the C.aiilaudet
aviation camp, Kast (iieenwiih it I A tout thioiigh the piinclpil Investment
houses would hIiow vlituillv Mimllat oiiililiuns all over.
High Price of Silver Causes Discussion
'Ilie loiitinuid high prhe of bat sliver In New Vorlt and London and the inn
viiuetit aitlvltv of inliiliig toiks on the Cuib has lesuKed In mm It i oinniPiit
iiiniing bmktts and holdtiN of mich h entitles, ltcnsons given foi the liigh pikes
toe vatiotis. In addition to those aln-adv given It is said that foreign (ioveinmeuts
ale Issuing wi nun h piper monev that they uie btijlng wllver to Mtiind back of
these Issues, ;m ihe onl available haul metal obtainable. Some deulcts In silver
tlaltu the maiket is cnineud, but those bettei informed on the situation take no
utixk In sin li nimois. Thev clnlm It Is tho usual case of demand and Hiipplj, the
piesint dematid being abnotmal in other quarters the Increase In the price of
wllver Is Mild to be due to the iiiiisptcts of pe.ue when laige quanddeH would be
i(iiilrcd In the arts and manufactures, but nm h a pusNibilltv is too icmote to
Imp in ncii weight.
i
Atlantic City Electrics Decline
It Is a. iiiatlei of Httipilsp lo main linestois to note Ihe deillne In Atlantic
Cli KieUrlc .1 per lent bonds, whlth hue been selling mound US In the past, but
hip now quoted n I oil ml and !M Some sav the reason Is to be found In the appio
henslon of attack fiom submaiint's whlcli seitns to be quite genetal, hut (his
liinll heems lo bu a leasonuble escuse
Public Vtilitu Bonds Cheap
Tlie head of a leading Investment huusp that makes a sptclallv of hlghgiade
public utilities savs; 'Theip ale nn iiumbei of hlgh-giade public utllltv bonds
olleud foi sale on the nun kit toda.v without buveis nt pilces that eight months
ago would have appeared iliilculous Hven at Hie low ptlies It Is pNtremelv dilTlcult
to (hid bids
Famine in Oil Not Likely
Sulueoll men (laim th it If piopei Judgment Is eveitised theie Is no danger of either
in oil oi gasoline famine. Tliej obit louuv ngitaliiin whkh would liive a tendency to
(urtall u llbeial iihv of gasullno at piesent prices, which ate acknowledged to be liigh.
Such cuitallmeul would iialuinll mean a leduelion In prices, they say, and only by
high prices can drillers be lnductd to lontlnue chilling. A reduction in dillllng means a
i eduction of pioiluctlon and on possiblllij of u famine In oil or gasoline Is not to
bo averted l nnv appeal to the public to restrict the use of gasoline In their motor,
utrs as mutli nr possible, but h em out aging new drilling und ptospertlng.
...
Speaking of oil piodiiitlon, it Is not erv geiuiallv known lli.it the I'an-Ameilcan
I'etioluuin and Tuiiispoil Comp.mv whlih contlols tlie Aleslcan I'ettotoum Compinv,
I dmlt ed. Hi tough stniL ownerslilp has one well whose mpacitv for pi od action alone Is
equal to tho total pioiluctlon of a'l tho wells in California. This well, which was
brought In i omp uallvelv lecentlv, had a pioductlve mpaclty of 200,000 barrels
pit day. It is iiiulei stood tbat the lecent Issue of $7 000,000 fi per cent equipment
builds of the I 'an Vuieiitnn I'ptroleum and Transport Company ate very active Tho
se. uilt.v bin k of these bunds is a llrst mortgage on a fleet of seven new tank steam
ships whose pieseui value Is easllv three times the amount of the bonds.
Canners Taking Moneg of Country Banks
Theie ate some loiiuliv banks tbat ale not Inning either shoitthne or long
f in oi nnv otliei kind -of IhiiiiIh, although thev are right In tlie heart of pros
perous agilciilturnl veitioim of the countiy, and are getting big deposits from
lliij funnels," said a salesman of a well known Investment house today on his
letuin fiom it tiip llirutis.li such a section lu a neighboring State, "and the reason
Is." he loiitliiui'd. 'b.iause tho canners aie taking all the money the banks can
loan. Theie will be a harvest for the bond silesman later on In these sections"
ho said, 'when the aimers begin to lenlle on their stork and pay back what they
owo to tho li inks," "
...
'The iuiiifiji.il leason why coiintiv banks are Investing heavily in short-term
notes," said the iiiliulp.il metnbei of a leading Investment bouse, "Is, that thev
aie uncertain us to the future, whether the war Is going to contlnuo for ears or
whether It will end soon as abruptly as it began, and they want to be In a position
to lentlre In u short time In the event of the Hist contingency. Alost of the olllcers
nnii directors of these banks don't understand the maiket or study It closely but
thtv believe by shoit-term Investments under juesent conditions they are nctim-
nafely."
A Prosperous Local Concern
With unlets on blind, not started ujion. on inly 1 last, aggiegatlng more than
f 1,316,700, the llrm of David I.upton's Sons Comjiany. of this city, mako a sjdendld
showing for the llrst six monthH of this ear with earnings of 30 per cent toward the
common stock.
Corty-flve jeats ago this concern started on a capitalization of $700. Its capital,
izailon today 'Is $1,2:0,000 7 per cent cumulative preferred and $2,225,000 common
Mock (authorized). At juesent It employs about 1800 men.
Why ihe Bond Market Holds Back
Notwithstanding tho fact that Secretary McAdoo Issued a warning against
unfounded details us to the next Liberty Loan, the bond market has been ... .
ns to tho amount which will bo Issued at this time. This confusion arises largelv
from the wide variation of the various estimates which have been submitted to th
vailous financial committees of the Senate and House as to what will be reouli "
to meet war exjieiif.es tiji to the close of the fiscal ear. Of the nine or ten billion
v.hlcli It Is said will be needed, the larger portion must be raised by loans. Of cour "
a large part of this outlay will eventually be reimbursed by the Allied Government6'
on whose account much of this borrowing will be done, but that fact does not rell " '
the strain on tho money-market to enable It to meet financial requirements, V
Colorado Power Company Extends Operations
' Coloiado I'owder Company rejioits that for the six months ended June 30th it
has signed new jiower contracts aggregating 3883 horsepower, an estimated annual
revenue of $114,600. The jxwer business disconnected within the same period
nmounted to 1521 horsepower, an annual revenue of $52,902, leaving a net s?aln
the period of 23C2 horsepower with an estimated annual revenue of $61 698 A .
July 15th the company had under contract not yet connected power business J
gresatlng 2900 horsepower with an estimated annual revenue of $99,260' this lnrlnrf
660 horsepower -signed up in the (list fortnight of July, ' ""-'"ues
CIllCAOd Aug 17
Willi tlie dish article lowef anil bujer"
bending away from the maiket, coin whf
weuker todu .Sentiment was mule bearish
owing to continued good rop repeats nml
fine growing weather. Trade was largely
Incut
At one time iirofesslonsl apecululors were
compelled to cover on n roily, bur there was
not suttlcleiit demand lo carry the ndvume
along Slop-loss Felling was a factor and
the local irond pressed the be ir side,
cuiislng sliiuji lecesslons. Tho leading In
dustrie pulled out of the cosh mnrket.
No 2 mixed, In the sample crowd, was
$l80i I 88, against $1.92l D5 jesterday.
and Vo 2 vcllott, XI 86ft 140, compared
with $1.9491,97 jestetday The market at
Liverpool was not so strong
The high on Septtmber coin was $1 14'4 i
the low $l and the ilose $ll2'4i?
1 12. against Jl 13'. at the end veidei
day, the top on Alav was ijc above jestir
day's lastt price at $1 U'i ; the low $1 08
anil the dual $1 09,
Dais also wele weak untie! stop-luss sell
lng lli.ivv selling b.s wish handling ton
leins nml local Ikhis was Indiilerd in tailv,
but the lutlei was furred to ioti on a
smait linjuovpiiii'iil later Oil the rise sell
ing hiis irsiimid. sending pi lies backward
Larger tciclpts wile forecast frintlmiiit
was lienilsh iiiitultlistatiilliig lepoitu that
salts of I oOUlioii liushils had In in made for
evpnit luentli 1'rlits In Hih simple ctnwd
were easlei .Standard eie llHifiJe,
iignlnrt fi2L li file vesti rd iv lleiu.iiid for
spiii hi I.I v -i pool as less urgent and llm
lu.m.el tlieie vas i.iti
'Hie high on Septi nibei o.ils was 65c;
the low .", IT,, ,) lp ,il)v rili( Kl,,t
nr lit the end Msli nla.v . Ilu lop on Diieui
bi i was fit, i,i the bottom e,i,r ,lm ,e
(lose r.-Tj,,., ,iK11nst r,S"ji nt the (lose jis
lildaj. tin hist mi .Ma was R'l 4 , the low
B7i, and Ilie i lose .ri7',u Hgalnt fiSijC
es( ida s last pi lie
The wheat jilt was negleclid Sfplember
sold I lent above vestmlnv s eloe al $.' ill,
while It iniled .No li.u il Hlalii was
J J '." f f J 'H against $2 251 J 26 esterdH
.Miniic.ipiillM. leportnl an lniie.ie In Kies
uf flout The iinilttloiie it l.lvetpoul was
lasler
Sliipiueiils of wlii.il and ,,iii rroin Hie
i mini Mini ror Hie wetk wile 5.1175 065
biilnK against 7 SD8 flS'i bshels n .vear
ngo; for (lie le.ifcun thev amount to 'j'l.
lUD 72S liushils, tonipated with C5.S 18 .'07
busliels In tl. p,evlous season. Cvpurts
from Aigentlni for the weik were K.'iiiiO
bushels, tile visible supplj theie Is 'ICO nun
bushels
i:poits of corn from the I'nltid Slates
fin (lie wuk weie .17U.221 bitslit'ls, against
I "..IS 7'i7 liusiiels n vtai ago; foi tlie t-f.i-sou
l.'in'i.'H'i liushils, t'umpired ullh 'i in,.
' bushels lu the pieviuus m-isoti hhlp
minis rioiu Aigpiitlna for the week weie
IiS.'.iiiiii Inisl,, M, tK. Vs,t. Nllpplj Hi, i,. Is
.'.I.0H lino bush, In '
!' I ill II IT f lllllfM t 1 til's-. I ..It
VVH.i,t ""
Net
Ullh. Low 'Mote, chre
tAm na .. lOSWlMW lo H ..
4 Am Hw jif on no no H
Cambria Sti .. t .,
lo Crucible Sti so '?
4()i:iec Stor . Ali',4 f''l "1 v
to flood rich Co 4014 4014 40H
I nil Ins Pn N A 15i! tnisl 2n(, 1
4JO Lake Sup Cp mVt
II l.rh Valley HI
Allliehlll
1.'3 I'euna 11 It StVi
am I'hliu nitc tn1
Sioo I' 11 t tr ctfs st
l'hlla Trao . .
10 Heading . . . 1
Aid Ton llelmont i
s Ton Minims lift
no Cnlon Trac 4(1
4H C (J I 7H",4
2310 (' S Steel
W Cramp
Cx ilivlileml
f Quotation given Is jesterdnj's ilose
111 10 "h
oi?! nty,
t.V1V4
W J 'ft
50 SHTf. UMi
31 31 1, V4
rii't
03 03 "l
4A 4 A l'
l' !' A
41) 40 'i
7SV4 :ki,4
111 UM4 1 t "', 4 I '4
ts?
tr RPIFIM'IES1D'ECLIE '.MEN ,
' ' NEW LEASE IS GIVEN TO dOUNd
Nervousness Is in Evidence Over Proposals, Although Fav
orable to Company, ana roues onuw ureguiar Ten
deiicy Lehigh Valley Transit Earnings
TiiImI .le. ,013 shiireo. eonipwreit with H I VI
ulinres inlerilan thus fur tills wrek. .11. MI I
lnires sniiie perliiil liil week, It 5(1, uluirei.
IION'DS cl
lllstl bun (lire, ilil.''
fi.100 Am (las A.
Illee 5s 00V4 0014 'V4 U
1000 Daldnlu Loco
1st 6s 101 toii tol; f .
01.10 I, Hi Ilonili
w i 09 Jfi-ino 09 ,10-too no rai-ioo .
loooo Pinna Co
(einp ctf
4'js . . Bt 01 03 I
7300 Phlia Kite
1st 5s .. 101 100, lOO1;
-I hero was little of special Interest In
the small turnover of stocks on the rhlla
I ipfiln Stock nxchnnge today. f
niiplil Transit crnim-nire. ...... -y-..
States Steel common there was no activity
worthy of mention and price changes were
generally uninteresting. Steel made the
greatest gain, following the showing of
strength In New York, advancing as much
us l. over the closing quotation of yes
terday, hut business In th'.s Issue was
Ighter than uiml I'lilladelphla Wectrlo
was a trifle lower, selling ex .lUlclonrt.
Ilarlv in the day the Transit certificates
uuiile u trifling advance, but soon reacted
mid remained unchanged most of the nay.
Traders were Inclined to wait for the ext
of the new lease, which was presented lo
Councils this afternoon, and after Its pros
etilatlon there was quite an "v""
tendency l'rltcs were down a trifle at
first then they recovered and went to 3.',
a quarter point gain. Hut very soon trans
actions took place at lower quotations, ami
the ceitlflcates leaded to 31, oft ?s of a
point There whs a slight recovery Just
before the close
l'niislwinla Railroad was the second
most active home stock and was off a. quar
ter, ns was Tonopah llelmont Klcctrle Stor
age Dattery, Lehigh Valley nallrosd .
all reached slightly lower level, unf.nJi
Oas Improvement snlneH . ... nlIa,
Heading was oft K. """ion mt
It Is said that 110 change will be niA J
the fiscal car of the PhlladelniuJ T'. !?
Transit Company. The company has mM
with the Pennsylvania PnMin h.L?" "'4'3
mission n report of earnings covering?"
calendar year 1916, but the fiscal t!,1!
tno comiiany remains the same ii i U
June 30. A number of utilities hflvM-!'
It more convenient to change their fw.i ',
years to correspond with the period rJ.
which the commission requires a renor '
substantial increases In the gross e.n'V
Inira nt Hip T.ohll, V.ll... m..r.S ' '
liany were shown by the reports for r.!?'
and eight months ended July 31 Jit'li
came out today, but the net a.'..".'?5
Tho gross operating revenue durlnr i.-"J
month was $268,711. a gain of $31, J
over me corrcs()onaing month of last v... 1
but, owing to Increased operating ,,i... '
the net dropped $124 to lioi.ixf. C1 1
Ef' WS
'o, iu"s 01 skii.'jBH, as comn'l
wnii ine corresnonii nsr iwrU.i .L .'
,. ,.,. " " " " ne
ous J ear.
prevl- nt
fi
Inllll Hillri, X.'K.IAO, loinpiirril ullll Ml, I id
elrrilnl llnis far Ihli week, Hllll.n'illl omiie
IH-rlinI In -1 week, SIJ.I.I.Ill.
Local Bid and Asked
11 IIUli
Jselil J llll'. "Ill
I nt 11 imhu 1I1 Hw n 1
I'm 1 Hi, I HH
Mm 1 tu 1111,
II I IB
S' PI - .'.V. I-,"
lfl ll'j "lll.
Mm IN'j VI'.
I.1111I
h. pi j.''i-,
Hit i-l IL'
l&n 1 7'l
llllis
seni 21 SJ
On JJ 7n
I'nrK
.spt -II '.'-
on Jl 1'
Ilia tAcl,
I.I, IV
2 HO
I 'Ins
t J (II
ll l s
1 'is t! InH
III.
I in'.
" I J
-'- oi
-' I sj
J I 711
11 111
4 I .1
il
'.'1 lill
i'1 411
4.1 till
I J 71
.14 '.
.-.IN
1 I .'
si 1
tJ.' iij
Jl N-i
21 llll
t.'l 'ill
TiiiIhx Vintndiv
lllil AfUrd III. I .Hkid
ViniriiHii hlur. in ;iiia an .'ih'i
llililvvltl 1, 1 V Til li''1 70
lirill J (I .'il i's'4 .11 js'i,
I lug . .susii t , ... ,-,11 -,s r.il "is
1I0 pri t ,,n li "hi ei
Kleilrli. .Slura rai 1,0 Vi' iiii'a
ilimriil mi l ilt . pi in tin .11
(In iref .... llll III till Iil
ki slenti 'IH pliulia ll'3 li ll'i li
ilu tr UN .... I,", 1,; H", 117
I ik fin, i'oiii mi, inv, hi'-, u,
l."hlBll .SaMltlltlull .. il.'j 77 TH'i 77
I . nlxli Valley ... IIJ (,..l, II.-I, I.Vi
l'(iineliitil . rii' ."." ."J'j ,rii
I'lillu III. clil. . is'sj j'i i.il, i'i,
I'lilli rmnpsiit ill is 'li, as
ilu I inr tint prer .li a", .K' 'II
ilu il ir rent unf . :isij "pi asij an
I'hlli It r tr Ufs .11 ai', ill', MP,
It'ii'lInK j' in 11 PU P4
'lunnpili II. Imunt 4,, l. If, JS
'lUlHUHll VllnhiK n 111, IP, I,'
t'lilun 1 1 in (Inn ,. n; 41,1, pi ii,',
I' (I I - 7s'.j 7s1, 7s'v 7s
I '-'-I Iil'. 12 11 lil's 1-M'l
Vnrl. Itnllw .in 11 t 1 t I',
ilu prrf ;,; is -17 371,
Mm 1 ramp & .smid si sji, si si',
PHILADELPHIA
MARKETS
CHAIN AND FLOUR
WIIIIAT IteielptM 20 553 liuih. The mr
ket w ik rntlielv ni)niln;l. ...
COltN Iltrelpts ran,, tnish There wi u-
tle tnnlliiK nml the mirket was Ijratly notn'niil
Uuntntlens (ur luts fur ncal ''. '" la'
tlon) VVi-Mrrn No. '.' Jellim, S.'bSMM, d. 0'
INACTIVE PIIILA. STOCKS
Tollowlng aro quotations for Inactive.
Mocks listed on the Philadelphia Stock Hx
change and In which thero were no trans
actions today Tlie prlco given is the last
previous close.
jj 'in
J 1 Hi
il s",
til 711
II in
4 1 ill
DIVIDENDS DECLARED
New Vurl. .ml OKI ilium 1 Oil Comiuim iimnlli
It illiil.ii. uf I prr mil pohIjIh iViiKunt L'O lu
ntoi k uf muni Aiimiki I,"
Iniini illonil C.ittuii Mllie lesiilir cnnrlcrlv
of 1". pr cut mi tiri-ferrtil piwililo .epi,m
btr 1 lu Blink of riconl Aiiuusl 1 1
American I'onir ami i.IkIiI Compinv, iniar
lirlv uf 1 inr nnt on 1 nininon pivihlc ,sti
timber I In siuik of r iiinl Auitust Jl
I'oloruilu Power I'ompanv. ipiirlirlv of one
half of 1 p r tent on fomiimn pivable tlrtolier
P, to sunk of reiuril srpmnbei is nisn otitr
terlv of I", p 1 1. nt rm pnl.ri.il pivHl.tn ,sp
temliei 1" to Htm k uf leioni August .11.
Crucible Steel 1'iihhes Dividend
l'lTTSUl'lini! Aug 17 Chalrnnn l)u
puy. of tho Crucible Steel Conipjuv of
Anieilcj, slates that lu older to conseivc
the company's winking capital and to meet
the heavy costs of Improvements required
to mtet novernniLiit demands, and with the
restrictions made bv tho Cov eminent sur
rounding tho ewupniiv'M output, declaration
of a dividend on Its common stock was not
considered at a meeting of the board of
diteclors.
Clu'sebroiiRli Co. Paja 30 Cents Extra
N'lIvV VOltK Aug 17 The Clusebrough
Maniifactiuliig Company has dicl.ueil tho
ngiilar quaiterly dividend of $3 and fifty
cents extra on Its capital stock, pavahle Sei
tember 20 to stock of record September 5
UJ18. Aug, 17.NotWhtandlii- the
jm course wa nrra totHyr
Power Plant at Taped Almost Completed
Arizona Steam Generating Company roiKirts that conHtroetinn .l. ..
power plant at Tarco Is p0greilnB tapldly. The company expects to hav. earn-
On tllB lllant for teulllie inir-..,..r. t.. , , .. : Si oieiun-l
September 1. - --" -" . nBve me piant ready for option
Financial Briefs
The committee on admissions of the New
York Stock i:change has accepted tha
rtslgnatlon of Krnest II Wiener, of tho
firm of .Inscjih & Welner, and revoked the
privilege nccordiil him of lepresentlng tha
firm on the floor of tho exchange. Air.
Wiener having entered tho Culled States
naval set vice William II Nash has bien
elected n member of tha exchange. The
commlttiu 011 ndmlsslons has authorized
tho substitution of Graflon II Pyne for
cieorge 11 Post, .Ir , of I'ost & Flagg
July gross of the Cities Sirvlco Company
were $1,365!12, tompaied with $072,190
for the same month last year, or an In
crease of $61,1 13.' Net, for the month.
Intrease $673.1 tt Twelve months' gross in
crease $H. 720, 2 15 with net for the period
Increasing $'1,619,467
II 1! Stearns, chief executive of the
Milwaukee Klectric Hallway and n well
known street railway man In the country,
has become vice president in charge of
operations of the Hay Stieet Hallway Com
pany, Chicago. lie will asfume his new
duties September 1
The board of managers of the New York
Cotton L'xchange has appointed Alonday,
August 20, as the day on whlcli a ballot
will be taken In respect to closing the ex
change Saturday, September 1, before La
bor Day
The boards of managers of the New York
Coffee and sugar exchanges has appointed
the following committee to confer with
Pood Administrator Hoover, In Washington
regarding the suspension of trading In
sugar futures' Henry Sehaeffer, William
Ilaync. Jr. Leopold S riache, J J. L. Lueder
and Manuel II Hlonda
The New York Subtreasury lost $1"30
000 to the banks on Thursday, leduclng the
win uci uuio mute rriuay lo $1,742,000.
The Federal Reserve Bank of Hoston has
advanced Its buying rate for prime ninety
day bankers' acceptances to 3?J per cent.
United States Gypsum Company' earn
Ings for six months ended June 30 1917
were $625,296, against $395,682 In the same
period of 1916. Net Income amounted to
$410,072, an Intrease of $188,127. SumlJs
$222,420 against $59,361 last ear? rp,U8
Governor Ithoads, of the Federal Ileserv.
Rank of Philadelphia, Is out of town Xr
a few days. Frank M. Hardt. deputy irov
ernor and cashier, has returned from a brief
vacation. rlel
Alilnnro Ins .. .
Amir Mill
Alitor Htures ..
do pref .... .
Am Ois war ...
Prill IO :
Huff Hum) pf
Cim Iron ..
Catauisei 1st pf
( on Trao N J
(Sen Aapliilt
ilu pref , ,
Key 'lei ....
do pref . . . .
I.rl'Uh N iv
Leh V'a I Tr ....
20 I eh Val Tr pf 4(1
li'i .No Central SI
37' N penna . im'
US l'hlla I'o pf . . IV
Hi rhlla Co cum pf 3SS
2''S l'enn hilt Mrs- lit
1J Penr. Irafflo . 2,
IV l'hlla Co is',
.'.i PUT . . 204
7.1 I'n 1 'us of N I in.
l'l'. VV J,r Heasore 41
'I. VV Nl'tf,, . "i
Il 1 Warwick nn
1 Of It lW )U . ... II
l.'.lj
I.', lurk ltws pf
.'7'i Went t'oul
37 'a
73
.MONEY-LENDING KATES
NHV Ioiik Money on call opened at
.1. high, 3'4 . low 2s, , last, 2 I closed,
2iii: tilling 1 ate, 3 per cent
Todays money rates on good mixed Stock
Lxihango collntei.il ate III 4'; per cent for
slxt dnvs 4", lil'i per cent for ninety
davs; 4 'j 51 f, for four months, and 41, m
6 pei cent for five and six months.
On Industrials, 5 ner cent ii bid for
ninelv davs to six months Alonev loaned
at 5'j. and that amount would probably
bn paid for five and sK months in Indus
trials Pi line bank acctptances aro moderately
ai'llve at 4 j5t -I & per cent for Inellglbles.
and .CU'iiS-! jiir cent for ellglbles,
l'llll.lir.l.l'lll fall, 5 percent, time
to four mouths, 5Hitt5'.. jier cent; lime,
Sifir.1, per cent Ccmmerilal piper, sl
moiillis, 5'4(f5'i pei cent
I.omion Aloney on call was unchanged
today at i per tent; tho 1.U0 for dis
count In the open market for short bills
J 10s i4i. .'eer cent- "nd for three months'
bills 4 1J-16 jier cent, unchanged
Reserve Banks' Discount Rates
ipor Over HI Over 30 Over (lit
.. - ii- iu .1.' up 10 tin nn 10 nn
llnnlon
.New lurk .
rillll'lxlphl,
Clee mil
Itlrhmond
Atlanta
Clilruuu
Ht. I.uula
Mlnneapolia ,
lvunsdri Clti
OullaK
Kan Prantlsco
ArtIcuI
a-,
ii 4
3'H 4
4
4
M 4
3 t
i't 4'j
3 Vi
I
4
4
4.,
4
4
4
'!"
4H
4
4
4
4
V'
4'a
4',
I
IVs
4'-i
4
4'i
i'i! L.'1 .".'. -ei'tni es Coin-
noston . rZ UP3V" UV
N'ow 'Vork .11 At i? '
I'lillidelphU .. 4la .mj Si?
Cleveland . r, 31J V'" :
Itlihmnml . 4'm 314 m J,
Allsm a ,tf ? 3'i
Atlania
Chliaco
SI l.ouln
Mlnntapolli,
Kansas City
nan im
H111 I ranrlsro 5!
.IH
a
31,
4'?
,1'4
i'i
i".
.i'i
l'l
4
1
M'-i
ir.. 1,. 11,1.1.. ....
"f ' iiiuiv itih, o fr IIilrf (in ei.i, t
l?i-"'"i? '" "" ' l-'r iep!"oR!e,ri,4r
5 Per it Ilt,
BANK CLEARINfiS
Hank clearing! today compared win, ..
spondliiK daj last twu carli ",1 t"rre"
mifl
Phllaileiphli
?'i w York
ItuMon
ChlcaRo
St I.ouIh
Haltlinoru
.-.1,''.u,i'-,,,.,.1s,7,7r"4S .V,i,
5US 4211 (17(1 470 4(11 111,1 370 Tr.Vfi-
X 2 1 1 (llll 27 Ills HIii ' .., U V;2
7S 20-..2 17 1,11 hi-, 4,,i' - ',!7.143
Vi 7(14,770 11 4211 lllll
7.2iS,7.1 IIIIS4 73I
. . .
. .
Indian nefihing Company reports for six
months ended June 30, 1917. net earnings
after all charges, of $1,404,158, ton,Dari
with $2,771,774 for year ended December
31, 1916. Out of this accummulateu "im'
dends amounting to 28 per cent, or $840 000
were declared and rcserv nf iw. "..'
u gainst prospeetiv, excess proflts lax ' aJlSCS: IZT' "
mmimifmmmu
FOREIGN EXCHANGE
Ni:w YOniC. Aug i7.-Tho foreign
exchange market In the early ,iMii
today showed little f.nturo 'beyon S
steady tone and a moderate volume of
business Pesetas were an exception shn,v
lng a blight leccsslon ' snow-
Quotatlons'
Demand sterling checks. 4 75 0-lfj, cnljIeH
4 76 7.16, slxtj-day bills nominally fiv
nlnely-day bills 4 701 J. ' ''-.
Frane cables 5 77"4, checks 5 78C
Llro cables 7 40. checks 7.41,
Swiss cables 4.42, checks 4.44'
Guilder cables 4 2, checks 41tjl
Pesetas cables 22.45, checks 2"50
lluble cables 20.90, checks 20 76 '
Stockholm cables 31 25, checks 33
Chrlstlanla cables 30H. checks 3034.
Cojienhagen cables 30 25, checks 30
NEW YORK COFFEE MARKET
NKVV VOltK. Aug. ,7.-The market for
coffee futures opened unchanged to a da
cllne of 1 point Trading 0n le ca Wflg
quiet, with sales amounting to 1260 bags
Yet,
.1 1 Hill ,1 e ll'V II I"" , . , .,,,,
(IA1H llnelpls '1131.1 huh. the market
was nun itini nuuiiniu i.. Ic,rv, "'. v- r r.J..;,e.r,i 1
Uuntntlnns Nn 2 white, sn'i Bhic. stsmlirii 1
white s-,i, MS(k Nu J w niu ni.oui,.i -.
W I'lait'll llere'lpte MiO ll In earks The mir
kit was dull and laruelv nominal 1 ollowlns are
the iiiioliiilons per 11)0 lbs. In wood I eot
ton or Jute nai ks about 21c .less): Winter
straight new- III) 21 1" 7.1, Kansas, elenr.
li. w Ill.Vltrll 7.1 do. straight, new. $11.7.1
I221 ilu, patnit new, Jli 21W12 10. sprlnc,
llrst rlear. old $11 KIW 11 7.1, do. patent, old
112 21f1i.7.1 do. fuvorlte brands. $12 75W
13 21. nu mills, rholre and fanrv patent. Jli-Js
tilJJ'i do regular grades, winter straliht.
1ii.u.10Iii.7.i do ilu, patent $10.1illl.
11 i: Pf.lll It wan uulet anil illKhuiiKid. VVe
uiiole to 'ilfl Id 25 ler bhl ns lo uualltj.
PROVISIONS
I he market ruled firm with n fair demand Quo
tations Clt beef. In eels nmuked and slr-drld.
u-o-, rsiern l)l"-I III ll Ollllin. u .. .. --.,
beef, knuckles and tenders, smoked and alr
drled .IV western beef, knuekles mid lenders,
smoked 31c. beif hams. JJ0P.12. pork family,
44 .1ll'u,41 hams. H I', run.l. loose, 24W24'4e.
ilu, skinned, iucise 24'a Oi.lc. do, do, smoked,
2.l'a4i2ile, other bains, smoked, iltv cured, as
lu brund and avrriBn, 2.1W21'4c. do, smoked,
weittrn rured ilil'ic do, boiled, boneless,
.1'ic: pltnb sliniililers S. P. rurcd, loose, 20c,
do, smoked, 21r, bellies In pickle, according
to average, louse, 2he, breakfast bacon, as to
brand and average cltv cured, 3llc, breakfast
bieon, western cured .Ific. lard. vestern. re
lined tlerttn, .Kit, do du. do. tubs, 24c. lard,
pure iltv kittle rendertd, In lltrres, 24c. do,
do do. In tuts 21c
REFINED SUGARS
The market was quiet but steady, wllh Frank
lin 'luntlm; un it basis of S 40c for extra fine
hrnnulated
DAIRY 1MIODUCTS
MITTRH Ijpnlrnbfn stork sold fairly and
rulfU llrm under IlKht offerltiKf" Tim tjuota
tlons: WcHlcrn solid parked creamery, fancy
ftpeclalu 44c, extr.i, l$Ate, fixtra firsts 41c;
llrsts, 40c. seconds. 3.c, nearby prints fancy,
40c nrrace, extra 444i3c, firsts. 424'Jc,
socondfl, 40IHlc, special brands or prints Job
bin nt 4J)'!iV-,c.
,(iUH line ncvMnld epes wer scarce and
firm under a eood deruand, but heattd stotk
it tiull nnn weak I ne quolntion' j ree
cose", nearby tlrstM, $11 71) per standard case,
current receipts $11.1(1 per case, seconds. JlU.0"i
(WlO.So ppr iate, extra firsts. $11.70 per case,
llrsts. $11.10 per fase, second, $10U5UHHli
per ense, fjncj selected eggs Jobbing at 47t31
4bc per dotn
f'ilinNi; ruled firm under light offerings
and a fair demand, Qitotatlona. New York
full cream fancv June, '.Mc: specials higher;
fresh-made, best, '.MWUMUc, choice, L'd'Jf'JJ'ic,
and fair to good. I'JiUJJVa c.
POULTRY
TilVK was In filr request and firm under light
nrferlnus Ouotatlnns J'owls, us to quality. "3tfp
L'.'c. roastets, HJf(l17rt spring chicken' not tK
horns, plump, yellow. skinned, weighing Vi 8
1! I lis npieie, LMIff?,'t0e spring chickens, not
Leghorns snialltr sizes iMGHIc. White Iec
horns jJffJiT'.c, ducks Pckln, lite; do, Indian
Kunner ntiviiiti do spring, SOWlIlc. plseons,
till ih r pair. Jf.ful.'Gc do. oung, per pair,
I)Ui:sai;D The market ruled Arm with de
mind absorbing the limited offerings of fine,
desirable-sired stock lollowinr nr the
quotations: row Is 111 to bov, inllk-fed. dr
plcked, fancy selected, IMlc; weighing 4xfa lbs.
and oer nplece, 'Jl'it; do, 4 lbs, apiece. -Of,
do. 34 lbs. n piece, L'lc; do. H lbs apiece. JIW
23c. Towls Ued, in barrels, fancy, dry.picked.
weighing 4'i lbs nnd oer apiece, UOc: do 4
ib. apiece 241i24,8C, smaller sizes. 1820c,
Old roosters. dr-plcked. 10c. llrolllng chickens,
weighing P4 (RJ lbs. apiece lersev. fancy, 3j
.tnc: Virginia fancy 'J8t0c. other nearb.
2"W2Rc. western. JlvJflu Turkeys, freshklll
ed, Iced per btrrel Western, best here, 23t&
21c, tnmmon 2t)tf?22c. Ducks, spring. "2i$2'Zc.
Squibs, per dozen white, weighing lipl'J lbs.
per dozen, $3.1)0t 4,ir, do weighing 9)1u lbs.
per dozen f t 2teJ 7A, do, weighing 8 lbs. per
doren, MAD U-.", do. weighing 7 lbs. per (foz
en, SJSi..'u do. weighing ii&ti1 Ibi per dozen.
11.01)1.7:,, dark, U.r.lK'j' 1.75, small and No. 2,
l,0c$L20.
FRESH FRUITS
The general markst ruled steady under mod
erate offerings and a fair demand. Quota
tions Apples, nearbv. per himper. 11.76;
do. do, pir H-bush. basket, 25e$l, Lemons,
per box JS4li Pineapples, Porto Rico, per
rrate. J2ri(ja4 50. Plums Delaware and
Marvland, per basket. fiOoiPtt. Grapes, North
Carolina, Delaware, per 8-basket carrier, it 25
W1.70. Cantaloupes. North Carolina. Hldge.
was tlQ2; do, Maryland, per standard crate,
lliWJl; do do, per pony crate. 40)50c. do
California iurlork, per slandsnl crate, 12.71
do. do. per pony crate, $1.5001.7.1, do. do. per
nil rule, iiwi.ir,. I'eaches. Virginia and
nu. iiir
'ears, ue
COTTON PRICES SAG
UNDER LIQUIDATION,!
Trading Not Active and Sonti.-l
ment Ts Generally Bearish. 1
urop Alter Good Start
NP.W vnnif ...... Jfl
Liquidation of cotton was continued I la.1
day and. nfter tho market hart ,.m.V?:
saBged to tho lowest levels of the g.,'u jl
In the afternoon "Business wa, not sctll, t
and sentiment ETmerallv henri.i, ,,!.' ,
spot news was received from tha belt . I i
vices from south nnd west Tcxa, J. t
unfavorable as to lead to the mm left '
calculation., nf ih . J...r, "'m"ea " Hnl t
An absenco of rain In Texas In the earl.
neaincr man Kave a stena., :..
to the market this morning and Im m
prices were 1. point lower to 5 Vn 1
uiBiicr ononiy aiierwards there was . 1
moderate reaction, duo to nriva. . " J
of hliowcrs In the northern part of Mk, W
State, and at the end of the first tea Al
minuies me marKOt showed net deeiin.2 'H
or z to 3 points. '"
The private rain reoorti reeeiv.a
Texas siiRBestcd.that the precipitation hid J
been confined to northern sections. Som. $&
., . . ' . " rcauers inousrht It probable M
that tho rains would work down Into -clffl
flri.ttlvlit., A.,.n(, I..., .1 . . ."" VU
.....,, u.cut,, out incro was conflict nf
'," " "" lc"i,ci una ine markd
worked about 10 to 12 points net hlrk. v.
fore the end of tho first hour Th.r. .ni A
Liverpool selllnsr after 11 o'clock, however
nnd ni Ices cased off nf nVnu i..i i.l.,' ?J
closing figures by midday fell
im
Utt
October
December
lanuary
March
Jlav .
bpot . . ,
Yesterdav's
uiose. cjpen. Hlg
men. ii orii Tj.n.
L'4 hll 24. R 24.110 24.KO oil.
i 7 ij Tn .. ot ...... -:v-
..I ir r.7'i:: --.o- .1,11 iij um
24 71 24.72 24.81 24.41 l ?1
24 Ml 2I.S7 21111 -J4B1 ;i7i!S
2101 210 J 2.1.01 24.72 HUH
-"" 11115
nir lumh .IiuhIimI t1 ncirit r.ti
l.An. r-i .... 1 , '..T... .V" ""
. eu.o. MniHiiin uuu .naryianu iiarueit. per
tamper. Jl.fiinff 2 2.1. Watermelons, southern,
per car. S 1230300.
VEGETABLES
.. Ft,fi.r.r'?n"'"ir? .fr'v.?'"i price.
ni", i5"l,i'..S5","A...JJ'.,."5. ' eJi?.'"ea 'n
Liverpool Cotton
LlVKHPOOL, Aug. 17. Spots were quletr !
who quoianons iu points lower Palis,
2000 bales Receipts 3000 bales. Including
8500 bales American. Spot prices were.V
American miuunng, ralr, 20.0Sd; good mid
dling, 2C.2Gd; mlddUng, 19.80d: low mld-iS
dllng, 1135d; good ordinary, 18.40dj ordU,"!
1IU1J', lliHUU.
t
Cniinn Tlllvnra nn1 CallAva sH
NEW YORK. Aug. 17. October Schm
and Downs bid ; R. Hubbard, Orvls, Kelffer,
Wlggln and Rountrce offered.
December Mitchell, O. Gumoens, Geer,
Hnrtcorn and Ray bid j Hyman, Cochran
and Wenman offered.
January G. Gumoens, Rlordan. Hyinsn
nnd Mitchell bid: Hnzednrn nnd WnLrinf.'!
fered. 'I
March Frederlckann hid Allen nnera
Ma Montgomery bid; Wachsman sal 4
waiters offered. i
BAR SILVER
Last 1917 '
Today Tea. Frl. High. I-ow.
New York (cents) Rfi'. SGV R2' sn. 7t
London (pence). . 44 44 42,', 44 33r l
i .11,;, 11,1 ll'III
ally ruled steady. Quotations. White potatoes"
1. astern Shore, per bb . No 1. IdSOMari'
r,'-''.".'7fVf " n' u.0' rtp" Ir'wre ami iu":
11. i.u. 1. ,.j oii.i in, no ao, Jer
bush, basket. No 1, 7.1&8re: No.
d0' .'.'"..Per bushel, Jl.l.ltei. in
k S"0'.1." i arollna. per bbl, No
ii.T-J',.4i.9ii.d0' vlrelnla. pei
( J7: Nu 2. J1W4, do, do. Jerses
. .fo'i o iu, (
bbl. No 1, S
..-.t r '" . "i . "i- .. .10. uu. jpr....
per ra-uusn. uaiiKet. J2W2 on On ons Jcrsei
Per 'i -bush, basket. 00ctl.l0 do Connecticut
1 WJf.yInPer.J";1U 8ack' No 1, -'.7.1SPno '
I2&2.10. Mushrooms per 4-b basket. J.l4
September T ."''"Wli 'iTn0,08' '"
December ... ,7,k" t il 5 ? "n 7.511 Till
Ji!?h..-:V.::: iij Ji ?:2S in
July ...... 831 8 l" 2'1" -'-
J 8.22 8.H
CLOSING LIVE-STOCK PRICFS
L CHICAflO. Aug 17 HOflHr.. , . &0
??S.,A.?,ic...l'Sy. yf'terclay's aV.?S2'. A?J.,.,'
WIST fi heavV ' JlVo'is'flS"!!' W jg, Jlf.Td
,.?,v"L.Aelpt..45fl05one0ilvV.W.7'i,?.i..
"'-511, lffl7"3
head. Ve.k at'Jsrly
decline. 114 on
vssar m't!nm 100 """ w,.k. $11.10.
35So0,JhIad WXAiA ti&Xrv?yi.
loti5,0o:'foW7f:,CIPl, 1 h"d' mbs. 2.I0
.-"? tTT. AU. 17-CATTI.Kr,.
Hvpii, "sSa 8,.V MZte
1000 hed Nominal.
CHICAGO BUTTER AND EGGS
CHICAGO -Aug. 17. HtJTTEn nec.lnt. in
B8 tubs, rirm. Uxtra "ooi "ra llrsts 30'lc
llrsts. 38W.19i!. t.innil. anli ji?nV '" J!'.KC'
sinek -UW.14c Clear cool """v,u' P"CK'n
,.G.9S T'Pt". 7(100 cases. Frm. nrat,
."llWJIc, ordinary Urals 204 3, 14 c mhSii'
laneous. 2S(ff34',i dirties. 2025c. checks li
faiOc, storage. Joe, ' -neci.s, is
NEW YORK BUTTER AND EGGS
NEW YOItK. Aur. 17 DUTTEn Uee.lni.
12 320 tubs, rirmer High score. "l. Voff'.
Gneha"ngVdiCl """' 30"':' OtheV?u?tatlon.
I.C10H Ilecelpts 14 2.12 cases Firmer F
tras. 4344c extra firsts. 41042c: flVsta -!?)
o?.C: 3044c?3B''Ci LrWn' miAd"..
81'KCIAI. MEETINnw
SK..' oAfUVhV' CopayS03'S4huf
Philadelphia. Pa. for the following S?in2 n,l
purposes, vis : ll) to vote upon tha falSnrclFhal
goodwill, assets and property reneralli ? rf .W"
corporation (excluding It. francnllS i 0K,hl"
eorporallon) to Investment nVglSfrySf Amerlea
Inci (2) such other business relative, to .hi
.bov. a. may 'WflrSM&tiKrj&u
" lAYLOil, Secretary,
iiiiiiiiWBiniiiiiiffi)
I
DIVIDENDS
TOE AMERICAN OAS COMPANY
104 Market sir.r. """
CAMDKN, N. J , August 1 1...
A ouarterly dividend of .. or 12 n.- Si7'
s been declared on ih. .Ali.-i '. share.
Company, payable Heplember 1st : li .... '".'
holder, of record at 8 o'clock 1 ii il.'Ll
1017. Checks wilt be msiledP' m' Auut 21st.
J. TOWN8END. Sd. Treasurer.
ha
niRECTOHV OF ACCmiKTAv
Cerilfied l'ubll. AeeounUnt.
lAWrtENCE E. imoWN t, nn
mis nn.i. tcht. . V.V. . .V-'tiS CO
iMWo'mmB.
nlInTi?Frn8rJ,nAJMAN
mwuhdju
DO YOU KNOW now MANT
MILLION IlOLLARH In dividends
have been paid by companies
whose stocks are traded In on
the Xew York Curb?
DO YOU KXOVVIIAT MIT
1NO COMPANIES are paying dlv
fdends? What oil companies?
What Industrial companies?
HAVE YOU ANY inEA of th
market appreciation of the lead-'
inr uuro issues?
"PROFIT RECORD
of the
NEW YORK CURB"
Is the title of a new 24-page book con
taining this Information and many
other Interesting facts that .very In
vestor should know regardlnr stocki
traded In on the New York Curb.
Send for Book 869-T.U.
JONES & BAKER
STOCK nnoKEBS
Widener Bldg., Philadelphia
Bell, Wslnutv 1680-1.
Kerstons, Race 2290.
N.w York Bo.t.a
Chicago rittiburik
Direct, Privatt Wires.
J0VE3 BAKER,
U'ldener flfdo.. Philadelphia, Pa.
You may send m. your book S03-T.U.
Name ..
Attrtts
City
11
BtaU.
'WRKM
LEOAI, ADVERTIBEMENTfl
tT35 IN THE COOIIT Of COMMON PHtl
a' No. 8, far tha County or I'hltodelphl AJ
, M.rth 'Jerni. 11U7. No. Ml. A
Uu.rdlan for John H. I'arker, V,
imnuea person. ,rjj
n?llcZ " hereby given that th. account 1
Pvld C. Bchuler. iluardlan a. aforeSflJ. ,H
n'fij hy Cloyde A. Kchuler et al, eieeulpfJIj
em uriesea guaraian. na. peen pieu ,j
""""of th. I'rothonotary of said court.
i"i .." pi-count will be nre.enleq tJ
in . uri on "omfay. September 11. ii
p"'dl?nLlor ,uch acl'lV t. Court pfii
AI.BEnT,T. pAUEBLB.
marneyjorv'-'":y
if iF
M