'tf
.", -J,
LZIZ.
.'"mnms. - r t,t nsrr'"' ' J
igVyv- : V
INTERESTS BET.TmrSSSfe
ARE A CONTROL IN WALL STREET
Kdustrials and Many of Leading Railrnnd hu a... t ..
quldated Heavily-G.ood Demand for Steel Common
" -'"" x uiut uain
tffft Points in Tiulmi'n r;., ,.,..-,.. ...
nar were convinced that then ntsvo ; .i.., .. . . .
''Ln oacA''d.t."rf".8tr,'a' nnd cadinff roiroad Block rZ.l '" " a''Tf'
(MSt industrials improved on Cur,' Can, .!.. 0'erremthr.
'foreign exchanpe business small. Lehigh Valley TrauVi m ll?L ?a ! ower
'for JuW and eight months, showed increases i,, nrosn nnTd
tvtnues. Crucible Steel passed dividend. Dar silver uasut
rausit earnings statement
ecrcascs m net
H'rt8 unchanged.
i j -
R T,e stock market continued to show an absence- of'aotiio ?,, A"B" !'
Li. Ivln. the Wlous P., wldeh SXlf
fcy wltnoui mm;.. i """ "cop, as a record ot tho van-In ,w .. - .
lfPMbK eroups or traders on tho boardroom floor. For a KOod part o'f tl c dav
h r interests convinced themselves that they ,vero in absolve conlroWf
ihiiSltuauu.i, """ ""' "v,c "KsiusBivo sei crs or several nt it,. 1- i.. . .
ril u of many of the loading railroad stocks. lh lm,,lstHals "
fj They bad little trouble in forcing Industrial Alcohol down 7 n0it, , ,-- w
umlc" """"'.. ..""" "".'" 'ewnt demand throughout ib d..
;, .nd was lnvuinernoie 10 near nitaclts. rloilntr wlib n .1 . . :
fef l?u"w "S? hh tee,.::B: '- us-v. Ue E
?rtock 'closed with a net train of about 2 points. P ntul lho
The same interests uiai wore active In denressinr- ill ,
',w months ago when that Mock sold down to 100. resumed their campTn with
Fihs beirinnlnfr of business today, when they forced it .i ., 7VP Bn ""
fthi lowest price at which it sold In about twenty yearn. "
Little was saiu huoul uie pcaco pioposals of the Pnn t
th. belief prevailed that with the activities shown bv tho L , ., "
Ct that the end of hostilities must ,- draw,: el, i !" "" V . WH,C' "
fessr wa" "H 1,""orlnn' -if rss z ;;,
ivr"v" :... ., r,. ,., ... .
,r St. J-ouis uiui nn riuiicisto incomes continued thn inn.t ,... i . .
t railway group in tho bond market, beln, t n 'inT aZ "T'u?
ibpWnt chVeT """ U,nW BnflS "" rte- wl.hou,
'
lN TRADING ON THE NEW YORK CURB
bUi3iviAmiNiu ajnd AttKO ISSUES ACTIVE
p
' TCW YOrlK. Auc IT
Price movements on the Broad Street Curb wora CQmnnr..,.n, .'..'.
K,tMdy tone was shown In a number of Issues which had been unsettled bv the
Keace proposals yesterday. Submarine Boat, which nMH . or .,
Igabove 27 before noon and Wright-Martin Aircraft moved up fom"lo to 11 ' n
W., L .I. ,,i StC" Dy I"tores'H concerned in the companies
gfakta that the Belling movement in tho stock was de chlenv to reports about '
fetalnded bond Issue, which has been ofMclally denied. ..,lrt,w innwd Voin -"
Wi7J ""& "" rsvu..v ioh ui iim uaj
Aetna Explosives showed n. heavy tone. Indenenrtr.,. ..n ..,..,
generally quiet, with Merrltt roacl.lng qbout 1 point In the oa.ly trading. KnlZ,,
5wBr ..,u.Hh .u . a ,.4 nrouna midday, offlclnl onnounpcment wa,
..TmilA th.lt nnntlirr wnll ivn lirit.rl.i i.. .,,..1.1 . .- Ml '"
.- .. .hlM. ,. lllilK1I,s ,oiiricen In Kansn. all .'onnorip.i
ywun tne i-raine un nnu uas lines.
S ' Interest was attached to a. crrnwimr .?.. .,,1 .. n... . . .
,!'ie" o,-'?cj p "z:- r.-' '
a '""" s.Uv. CIC a.u,v. niong tno cariv sa es were Big r.edce it i.v n,i
IK. Butte Copper and Iron Company at !) and 9?,. Mason YaHev It - ", ml -u
gud United Verde Extension at 37 and 3GH. Bon.,; wll" ' .."V """ ''4'
Among tho sales of Standard Oil in tho nrSf i,ir .,, ,u ,..: .. " . ..
Hn. T-Ino nt ma sinn,i-,r,i nn -f n.,, .1 " l"uu woie Indiana
!i;"r: "'" "" "l -i"ornia soia at 205 and 2C.t
V IXDUfiTRlAI.S . ...
.iM-Kivni:NT Oil. 8TOCISrnntl.,,,e,I
m.i
IjAIr Reduttlon
EiJAm stores . . . .
?'lttii Pintnslvra
i Am-Brltlsh Mfg
Am Marconi .. .r . .
Amerlfan Writing Paper
J Cuadlan Car Co
Jittn Car & Fdy prcf .
JCatrcoal Iron . . .
L Chiwolet Motors
Crtmv
Cortlsa Aeronl.mo . . . .
fCanren Tool ...
' rivtvtn Qtnat
Rw&nerton Phonograph .
fc Federal Dye .
jHendM Mfc .
KJKithodlon Bronzo pref. .
feUltelorDedo Boat
l Ltil(a Coal Sales
fUJma Loco
feTfuIm. Munitions . . . .
KJf T Shipbuilding
lyNor Amer Pap Pulp .. .
RWls Elevator . . . .
Ilfmls Eng
Edden Truck
&.Srlpps-Bootli . . . .
&8 S Kreeee w i
RJ8Undard Motors
liSteel Allm'u
K-. '--'-
ccuvmanne . ,
RSt Joseph Lead
W044 Shipbuilding ....
4"rtinle vi 1 m
KTnlted Profit shnio-
I Sp S Steamt hip . ..'
I United Motora . ..
IV World's Pilni
aiWrirht.v .. .1-
m'tin ".:."" ""
-J.-...V vuilvUJtl
STAXDAitii Oil
s...
-uunols .
fOMo ...
prairie Pipe . .
Jtind Oil of California
.Und on or v.... t
L Oil of New Tork
..
MiilirHNDKNT Oil
EBtrnett nn . r-
r,. . - wjub ,,
iviaen & q0
Lw Basin . . .
rTederal oil ...
jjr Petrol
i-Houjton Oil .
;ernu Oil
Hid.
3 s
n
30
OK
89
:
tH'
ion
90
(!
40
JH
I
H'.ii
?u
SO
Mi
12
3Ti
1:1
11
96
10
Mi
so
KO
Hi
n
is rlonp.
A(keil. (Knp)
98 i 90
:i
4',i
;rt
9
03
85
48.y.
II
100
IK
II
Xi
sr,
5 8
4j;
.18
in
un
18
is
100
II
8
sou
s:t
1
44
S3
!i
10'Ji
."Ji
1
8
sans
4'i
hTOCKS
.11
S30
389
.Hi
S83
008
S88
:I90
!85
S08
HVi
SOI)
SOI
oie
. MTOL'KS
HI 1
15
10'J,
I p.
4;!i
lit
19
ttitf ::.:: !;'
10T'
n
1 :i'.(.
:i94
18.
v
ll)i
47H
13'd
181
Met Petrol
Ohio Fuel
Oklahoma Itef . .
Osago Hominy . .
Hlco Oil
Sapulpa Bef . . .
.Sequoyah
Sinclair
United West Oil
MINIMI STOCKS
Alaska Standird ;o
Atlanta in
Big Ledge jij;
lilsbeo Copper (a prof) . (,-,
Uutto Copper & Hlno oH
Hutto N"(uv York 1
Cat &. Jerome 1 i'j,
Con Ariz iyl
I'mma Consolidated .... i-fi,
First .Vatlonal svo
Ooldtield Merger .
Cioldlleld Cons ns
Cioldlleld Klorenco in
j'oldfleld Knwanan 11
Hrcla Mining s
Howe Sound jjj
Independenro Lead .... 10
Joromo Verdo in;
Jumbo Extension ST
Magnate Copper
-Mclvlnlcy-Uarragh ,-,,i
Magma Copper 18
Mother Lode n,i
Mines Co of America ... 't
Nevada Hills so
Nlplssiiig ;
Ohio Copper
Bay Hercules si
San Toy m
Stewart A
Tonopali Kxteiifclon .
L'nlted Vetde
Tp. HnHrt
Afltoil (,sir)
1'. l
18V.. 19'j
1014 lo?;
9'i 10
ft T
1 in
II II ',
I I'h
0
9"h
10
II 10 .!
"i Hi
T OiJl
I Vi I Ji
jr. -jw
1 u 1 A
18
11
K'i
'!i
IS
Mil
S9
- il
.'.II
.Ml
37
1
lV
West iind Con
White Oaks ..
White Caps . . .
Yerlngton
2
30
08
I
I ft
SI
:
I'.-i
id
1 1 -.i'j
IIONIls
Rethlehem tin (iKli
Cosdeu Oil fid 1(7
Cosden & Co fis 91
Cudahy fis 9S
die 5s 97
Ku.sslan Uovernment ris 71
Itusslan Uovernment B'ss 81
Southern Kaltwav Es.. . 97'Ji
Sinclair Oil fis . . .90
Todd Shipbuilding . ...loo
X v Cities t'ss
98.',,
98
II. -,
loo
97
74
81
97 H
9.
I OS
.1(1 Hi ll)li
NEW YORK" BOND SALES" ""1
$ "NO Am Alr deb 3.
222 Am r"ln Sec 5
i'& .. ..' ..:.:
!?.! SS,iI.C,,niK'
. dn Jii
K'(SW.naitbs'S,T.,iLi S
RlKoX S2?.P Tr S 1018 l)8'
B l8ofv&e,fi.lvt-
IIlKh
119'.
91
9,i. '
Uli.
8(ti
97S
91
87'
99 Vj
93J,
K.Vi
Sll
114
911
KSS
Inn
llil
8S.
8tl
7K
SSH ut.West 4 b tir,
llMa rS ' dab 5(.8. 101
11. ... . .'v,!tl- .a'
toft Jit"' K.N J 0.
nuK " unio bh.
j'JW lo 4Xi. "
aS!9'5vV.t.4...
riofc
r.9'
in
95'i
1(1 f
I'i'a
97'.
N8'4
91
h7s.
IHCj
9'.
MI
h.
9S)
935
111,1,
iir.i
ion
lot
s:s
hit1
7K
li'
llll'
K.l'i
83',
71
8;
9I
81
HO
I(fl4
9 IU
00 '.
7!VS
r.s4
r.svi
100.
m
94U
100U
S7'
90S
994
tvon. . M-1W ".HrJB 8SV
118
r loon,w.'' ."?.y. Joint 4s. bsti
I 00 Phi "2 ? ,Mt l- 4. 88
Ma s":.1"" eat4.. . ti
iffi - & at p en 4-S3 87
ff S8ttIni"rW4.
ivT '
woo '"ES llw's '"t
5Soo P fj S.h Jlno 4'i
iSSftL,,:?nr..
L 4000 Sll 8ecur Corp B. . .
I Wwnvt. , Bern.
I SOCK) ll,,"-:' "UU.OV,!..
'ffiftsriKi
Int.- .V . " '
tr e.
ui iu
8714
rlMoar. ?.1SW' Q 8 4.... 80 80J
HSCS" 8(el 5. 1I23 98U 08i
90S
HllU
9(Hi
94;
IIOVj
7S
7Ri
S3
98U
B81
lou
t'Mjoo .("L f r
Efia'SK-A;!!?
,. (13M
. . DPI
tut?
...loo;
94i
Low
99'
llH'i,
ICi'j
91.
8j
97) 1
8hU
111
874
KliVa
9S'
H3't
8K
h.'i
98".
93V,
9H
9.i
109
101
83
8(l!4
78
(I.',
104 J.
8S',i
7I.
87
;
tU(U
814
90
90'i
93',
ll(l(i
7R
1)8
B8',i
JOO,,
fl3V4
91
4.
B".1M 11 8P Ueb 4 i9J8..., 91 91
Itwoa Liii.-K''vji SS X"I
UlT'I .,,,l "Hill D074 OI374
B. w berty Iloiul w 1 3 14
'SWS. ;:::!:
,lo. Ia W T. B. 102a.. 4t.
aw'fej.-'fiB
HSU
8vt
r.v,
1 1 111111 do Un
L'OUII ilu 4 .
noo'i iio I'vd .
llll (III N V (las II 1' 4i
lOdll .V Y N II It II (Is
soon N V Mel ecu 4'4 .
SOuO Norf & Wei" 1 In . .
lJiiOU .S'or I'.ic rK It
11D0O ilo ten 3
BOOK ilo Ik . .
U'Oil Onurli I'owsr In .
niini) Ore Khoit I. !
111(111 O U' 11 i- N 4n.
100O racldo Tel 54.
I11110 raclllc (1m 3.s
1(000 i'lnna Kiii i.t Cn
looo ilu m Ik
3000 Pcre ManuiUtu 3k
3000 Tlcaillne-JiT Ctnt l
llliioo llopub Culm 3s 1011
1000 ilu C' 1901
1111(10 HI 1. S I- .U J
IIHOOO do III
l!100i) Uo Sir A
501(0 ilo Sr( 11 . . .
1000 St P M A M 4'j3..
1000 Scabonnl A I. uUJ ."
11 OnO houlli Hell 5a. . .
iOOO da li
1401)0 iio c 4y
MIOO ilo cv 54
3000 do rfd 4s .
iOOOo South Itwy gen 4s
TOOK ilo Bs
U000 Tol St I. W 4 .
10UOO U S Ilutibfr B. . .
HuOi) ill (' . i
(11900 11 8 Stei-I 1(1". ..
500 Union Pc Ut 4. . .
poOO ilo rWI .
1000 U K cf,a II f I 5s
I4MI0O Jo JH" 98 . ..
83000 do 1019
J75000 do njs 1919 new...
OSOOO do B'ls 19i'l
3000 vb n 8
idao Wmh t 3vS . .
KoflO Wt Shore iex 4s
lOliu
4s
Hiirh l.mv
lnl't 1H1'
. 85V 83S
. 9 Pi (l'J
. 7n 7s
95 ' H.'.ij
91 91
. S7 87 '.
. hl. hlJ
. UJ tula
. 87 87
9J 9J
. 8ll"i Sll'!
. 79 79
, UO1. 9114
MIS MI1
III1. 93
llill'i KIO'i
87 87
SS '.S
91 91
Ion ion
f,ii! Oil
3.1 K't
01 1 III1.
79 79
9(1(11 9IIV-1
57 57
9(l. 11(14
73's 73',
82 Rl'i
9h(j 9S?
. MJ 811
(SOW l.ll'i
971. 97
501, 50',
84 .s.'(.
102 10.'
104!i 101
93 93
Hl'i 84U
07?i VI r.
9U DflC
OB DBK
90 f, 99 A
95 94l
95U 93
7C 7'I
81', M
82'i 82li
CIO""".
101,
85
9J",
7s
93
91
bl
81?4
Illi'.'J
87
92
8(14
79
9U4
8I.S
93
loot,
87
88
91
KM
llll
324
(114
79
9(14
374
82
9SH
8(1
(914
97
504
834
102
101
93
8I.
97T4
99
H.1,
094
95
'''?
70U
M'.
0 York Sintk Bnth. I INACTENEWYOnKOTOrKa ! 77 I ' ' ' .- frJ&'afc.
NwYork Stock Sates
Am Heet sugar
Am can
Am Car A Ktly
Am Int Corp,..
Am Hide & Lea
Am Linseed , .
do pref . . .
Am I.oeomothe.
Am Smelting .
Am Sum Tob Co!
Am Steel Viiy ,
Am Tel & Tel. .
Am Tobacco .
Am Wool
Anaconda
Atchison . ....
do pref
Net
( IlKV.
Jlluli Low. Close.
3'4 t y,
411V. 46 4(S
7 75 7S'
0U S9ii CO
I3',4 A4U 01
28W Sii
01 04 (14
70 89"i 70
9i, loiH 101,4
. ma nan siv,
70 fl0,4 70
II9(H HSU 1 1 B l i, n-
SOB 20.1 !0S
. BS B! ! 15;
7fii(i 7(1 7(1 -J. (ft
. 99,4 99(j llUVs ..
111 nl n.f ..
AtlanUA w,.. n,i l0n. mk ,.
Ualdwln Loco Co. 70!(, nt. ! ,?
do pref K,0(4 mot4 loon i 14
Haltlmoro Ohio noi-i 8; H8' .
'ret . . . . !i mi ,:
"i
do
nethlchcm Steel n.U3 n-ja-, tu4
'"'" 'up ' op. .iij4 sfliij no
at rcirnlenin . . laiv'
Canadian l'aeKle lfio'
f'ontral Leather . niti
I
i '
10i)i 19
139!(, 139(4 t.
All.
31
BIH4
19
30
. 4.V,
. 3')
.IDS
33iJi
98
Kin,
. 37 'i
I094
. ID
. '!9
MN
3(1',
J7
3(1 (
.19
112).
90,!,
38
.14
(1 '4
:ii'4.
Bia4
18Ti
4J0i
39
98
3 It,
(8
781.
SON
(I.I
10
8),
I
3(1 (,
Chos.i ft Ohio
Cerro do Pasco
Chi M ft St V ..
Chi It i ft Vnr
do C pc pref t
Chllo f'opper .
( 'llldn ( 'nn ( 'njirr
Col (Jas ft r.lvc .
''"nip Tab .
Consol O.is
Corn 1'roduets . .
do pref
Criiclliln stpri
Cuba Cano Sugar
Del ft Hudson.
Dom Minos
Plstlllors Seem
Kile
do 1st luef
di 2d pief
I'lk limn .'iir
(inston Wllll.itns
(iener.il Mulois
'5rn.it Xortli pref. 10(1
fit North Ore auljs SOU
Greenn Can Cop 42
111 Cent loji,
Int Aurlcul ih
Inoplratlnn Cop .. 5.1 '4
Interb Cons Corp. 10 '.j
do pref ....
Int Mcr Mar
do pi of ...
Int Nlclccl . .
Lack Steel
Lehigh Valley
LlEt&Myra T (
do tights
Louis ft Nash
Max Motor
dn Ut pref
do I'd pref
Mex Petrol
Miami Con Cop
Minn & St L new
Mldvaln
ilo Kan ft Tex
dn pref .
Missouri I'ac
dn pief (tfs
Mont Power .
Xat Con ft C.flile
Nat Cloak ft SI .
Nat Cnam ft Stpd
N O Te ft Mex
New York Cent
N V N It ft U .
N v Out & West :: 32
Nnrf ft West .. . l'jo(H un
Northern Pucltlc. . loi'4 Kijii,
Nova Scotia Steel. 101 Vt
HI '.
.18 Vj
31
(III',
32
3 III
18'4.
311
43'H
39
10.4
35 c,
98
79'h
7ii
193
10
28'
3(1 (,
IU
ili
N
..
- Hi
-
N
:t: i, 39
II IU 1121,
lol'i i in.is
35 U 3.11,
4IV4 42
I0P4 102
... 57 V.
... 3314
. . 92
S,
. 90SH
03U
pr 111
1
121
.10"(i
07'i
((
97 U
38
1.1 (j
38
(I
IPV,
3I'
57
88
3.1 1
731,
!!"
3 I W
8(1
33 U
18
f.S'.
in
511
32
9014
38 U
80
(12 ',
HI
1'ii
121
291,
07
19T,
9fllj
3S
1.1 4
37
r,
11
30
50
88
3.1
731...
I!
31 .
81 U
33
18
3 1'.s
10
37 li
32
9014
38
HOI.,
12 U
Ml
2's
1
l'
'4
-I-
1
121 I
30
17(i
19 1
90.1,
38
13(4
58 ,-
r.
11 -,
31
5(1
80
3.1
731.,
12 U -
3114
8.11,
3314
Ohio Gas
Ontario Silver . .
Ohio Fuel
1'aclflc Mall
l'eniia Tl It
Pitts West .
dn pref . .
Pitts Coal ctlK .
Pressed Steel Car
Quicksilver pref
Hay Con Copper
Heading
Hep It on ft Sieel
do pref .
Royal riutclt .
St I. S V . .
do prcf w I.
.Sinclair Oil .
Seaboard Air LI
Sup Steel .
Southern P.11 Iflc
Southern It II
do pief . . .17
Stlldfbaker . 53
Tenn Cop ft Chun I7!!,
Texas Com pan j . I88(i
Tobacco Prod
I'tilnn I'aelllr . . .
Cnlted Alloy Stl.
Cnlt Cigar Kts
Cnlted P.ip Hd
l'nlted Pg l"t pf
l'nlted Kiult
I' S liid Alcohol
IT S I Alcohol pf I OS',
U S Kubber 4U
V PS Smelt ft Hef 57 U
fi.lU
(i
51
27 M,
52 U
29a,
II .11 4
31 U
1
2714
934
89
103
. 0"
II4
. 29
I I
tie 1 1 4
4IU
ni'j,
.'
77
137
. 42 s,
120
28
. 53
131
10!
10114
51
5
51
27U
.12
291i
0.1 li
53 U
71
114
27
92 i
88
193Vj
05
1014
2714
II ?i
118,
HU
91
28
.13
17
187
701,
121. -,1
102
lOPj 14
5i (,
H
51 1
27U
52
29U
0.111 1
51 n,
71
07 ri'
I
92 li
89 -r
10314 14
00
1014 li
27 Is 214
41'h U
11 11
H'4 t- 14
0n, i',
28I4
.13
l7-.t
188
77
13111, 130V4
42 42T,
121 135V4
do pref
I' S Steel .
1't.ih Copper .
Va Car Client .
Wabash . .
dn pref A .
do pref II . . .
Went Marlund
WestliiRh Mfg
49T.
12514
10.1
391',
.11
4914
20U
20
481',
28
53
132
13.1
lO.llJi
039,
5714
40
11
Wottlt P ft Math 30
Wheel ft L K
do pref
Wilson Co
Willys Overland
Uo pref
13
32
00
31
5
28
.Tl
13.1 14
1381', 4
103(Ji
l 11
5714 14
10 f-1
123 121 -I 1
10414 Kill, ) 14
30
11
491i v..
20 ,
10 14
48
3!4 114
11
32 ..
0.114
31 .
9.1
39
11
49
20
19
48
3014
14
32
0.1
31
9.1
14
T(sl .lies. $2,310,0(81, rnmiuireri ullli S..
OOO'PVai" period '" " 9H.-m.0M.
Extra Dividend by Cleveland Bag Co.
riEVELAND. Aug. 17. The Cleveland-
Aitroti Pag Company lias aeciarea a qwar
..riv dividend of 1 per cent and an extra
JiivuVnd of three-quarlers of 1 per cent,
pitiable October 1 to holders of rtcord Sep.
4il
Tnlnl (illr,, 312.000 hliurps, innininsl mIUi
510.000 uliures 3P,lrrri.tt thus far this erk,
2.217,700 hlmrrsi niiiiio tirrlod laM uerk, 1,331.
0(8) klmres.
Ccrro ilf Pasco, 1 prr i nt and li r"r eent
pxtra: American Huniatr.i Tobacco Company pre.
ferrcd. 34 pit cent. iUctflc Mail preterrnl Is,
per cent
LONDON STOCK MARKET
Premier's Speech Causes Increasing;
Cheerfulness Americans
Were Dull
LONDON, Aug 17 Premier David Lloyd
George's overnight speech Indicating the
failure of Cermany's U-boat campaign and
tho further successes of Ihe HritMi and
Kronch troops Increased the cheerfulness on
tho Stock Exchange today. Trading, how
ever, continued to lack briskness and con
ditions customary at Ihe end of the week
prevailed.
Tho gilt-edged section was good lit spots.
There was a fair demand for Investment,
owing to easy tates for money and the
payment of the half-yearly exchequer bond
interest. Support was giten thn Allied
bonds Americans were dull Canadian
Pacltks were hard, uoou earuinRS sus
tained Orand Trunk
An extension of the trouble on the tall
roads In Argentina, 12,000 persons being
on strike, made the shares of the company
weak. Cnutlon was exetclsed as to homo
rails, whlrh were quiet In spite of tho big
rise dining the week Mexicans generally
were firm. Ilubbers were dull. Stocks of
Ihe staple Increased 233 tons for the week.
Oils were good
Filiishcd Steel Is Quiet
PITTSBURGH. Aug. 17. Tho finished
steel market continues quiet on account of
the uncertainty of trado conditions. Somo
products are being offered at lower prices
for extended period, notably plates, which
ate reported available at So to 8 lie for last
quarter delivery, lllllets are being offered
more freely and sales are reported at 186
mill, or $6 a ton below the previous price.
Standard Oil of Ohio Pays Kxtra
NEW VOIUC. Aug. 17. The Standard Oil
Company oij Ohio has declared a regular
quarterly dividend of 3 a share and an ex
tra dividend of II per share, payable Octo-
h.p 1 to stock of reoord August 31. Books
:v,'v
snowing are quotations for Inactive
stocks listed on the Now Tork Stock Ex
change and In which there were no trans
actions today. The price given 's tho last
JireviOUS sale,
Jdntns Ktvrrt- .,115
Ailninor, Itumtrv LP!
Adv liumrtr iU. va
All llul'br 7. .. U7
A nskii (lold M . f.uj
-lUlK-Chnlmem . irn
do pref mit;
Am Aur ('hem 1131
..,'." .hm " I""'
A II H A K ctfi..(ij
Oil ctl rrer. ..ini
Am Car A .v ?i.
An. n... ..'.."
Atn li Me x i.ti,h 1.11.
Am lti Hre rif . f.-it?
Keok I M 414
l.nclede, (las .... 90
likr Krln & v pf 2S
l.ee Itiit.ber T. all
LIB & Myere Tob 22.1 '
Loom v u ca.. m'i
lonu tit rtt pf d ct
l.orlllnr.l .. "os
lrlll.ir.1 i pf..nt
Maikuy Co t,f ... ((;
MnhliHitnti Kiev. ,ij
3(i(V Kent Kt.t.aH f.-.
luy itrpi etr pf'.lni
lex Petrol net., pi
iieach. I
lla..
ll.l. iil'l- v,...rf
."in '-cm .11(1
"in v 1111 iv my litllll t. ""n
Am rot oil .'..! iitl Wfiivirol
Am f'ot oil pref.. bi Mnliatian
Am Ktprens ... " os 5!r,J,",Vltn,
Minn & m
Morris A
do rref
Mo IVc col.l (p nm
V. P H St M .:i(i?
Mont Power nf ..110
Minn Ht i.'new iU
Jm Loco pref ' lni Morris t Hun,, jou
Am
Am Mult i.r
in Cmelt tif
ilo tiref ,v
Am Smelt pf
Am Sumtr .
'in pf
ll'i
IN
113
ii'i
11 in 14
1 si
lls
Am Pnmntri nref us
Am Tet r-ht en
Arn'r A T 3.1 rref pjij
Am Toti Co pf ti 10.1
Am Writ Pnp pf .T114
Amer Xlnr I. s,iJ
Am i!(i, pref ., nt
Am Wii.il tif . . lis
'J.',"1 ? ' '" "' "3
Mlsntlr (-met 1, I111V
All (llf it W I Pf rti,
ll.irntt 1 -,i n,i.
J l'n tt Co rref lli
It.it. Pllns Mlninit 1 1,
Huh -il.it HT'i
l-eih vt,.i rf ..,n-,ij
Krookivn t'n n- iri
Itri.nkhn II T .. i-1
JtMMii Shoe 71
llnrns p.to ,.t:,
Cnl 1 irking . . a7((i
'"I P-i t-r .. . -.11
ent lMv Co . HI',
('tt IMrv pf , 11
Cent Ko Am T-1 It MA
Cent Lentil,, pf.t pijij,
clnndler Jlntnm st.
Chi Alton .... in
In pre jilt
'Ill A V W 0'l
( In (li vvi mi
ll' Pi 'f (-,',
'II. II I ,v I- 7 l.r 7i i.
' 1 I'll' t A h 11 !.
"' A .' 1 1 I pf
do -Jil pref
nn, tl I'enlmilv ff
' u. e r liji,. , yj
C M t 1- 1 rer.limi,
rnt ( 11: 1.1 I-.. in
Cent Cntl . 70'
Cent I'sn pref.. n?
on Int Cnl Mln. t7i2.
Continental Inn.. xW
II I K P f o. 70
t'rueil.lo Mil pf . lam.
- mm Am uznr. .la
,v.
11
it Ai nir . . . :i
it t i nit , in
Nut Lnmn (. N pf ..ipv.
.Vit l.i.l . . r.m,
Nut ltlt Mer n 0f i.
Viv Con I't'ppi.r. I'l";
N V Air Ktiikn ,na
NYC. Kt 1,,.. ii
.S Dock ll(
do rref 40
oorf foiitt,. . -.-tH
S.iif it .,t pf. MV,
.North Amer . ... f.'i
Ohio due rts ... tn
Owens Hot . . . 112
Pae Tel k Tel :t
l'tin Am l'ct ut. id
i!o rtlor pr tt,, (..1
Pen (las A c . 7 pi
1-n-rli H r.it . H
I-- i" Murnu. 110 nit;
t'-re JtllHI pr pf J I j
Phlli Co . , . in
Pierre Arrou . . .Ti
dn Pf . . . (11
Plttn Cn-il t tt lllj'4
Pllte Pteel ptef.. P,t,
Piilltnun I'M Cur III'
O11I1 ksller .... t:
ltiadlmj Isi pf . pi
li'uitlmc 2d nnf . II
M Hi I Sprllif . St
Rv Sll Sua nref 'is',
Minimi Xrni. s ,
.urs Iti'.'Pii. k li.si,
' iPnnrd 1, tif i'(,
ximi'ii. 1. rl.. m .1',
si I. Hm;thmt '
Slnss lifr .. -,IA
SI. Hheff pf j pi
P lllro S , J07
Ht.iti.l Mill.tiL- . Sit
Miimlird Mill pf S.t
stihlebnker pf . . ti
ntuc ISH
r. .is pie . . . 17',
Texas rts .. , 191,
Third Ave . ip.
Tidewater Oil .. .20
Cuh Am Hue prr'f'.107 4 T."!'T''0. '." Pr.10
(ui c,,n.. Sub pf m ni.LH1t '', "r,":-.-. ,l'h
I) I. A v .210 a ' '.', wc"' 10,.
I) it U pf ir.t: ''' ',(,, ll'i
I) H s A pref . ti Tr.iiistt., Wllllitns IP,
lie, r. c pf 100(1
ii. nvor ,v Kit . . !
IPMroli MIon. 1J
Kleo Htor Hat... fisH
flen Clear Storef ai(
(1. n ni.rtrl. tM
(lui Mot prf. s7,
lloiiilriih II p. ,0
iki.iiiIi tf . 1(llj
ilrivnov Mltiinc so
llulf Male stl lu
ll" lit pf .pis
Knrtmnn Corp ., ,
Haskell Parker .'!!)
Iliv.ili.t i;U'e ...tol
llonii nuke Mln. liifi
Int rrlc,i tf . -,i)
ml !lur Corp . "sii
It t II irv of X 1 tn;
Int lliirv N .1 pf.117W
lot Mi I.. I oi Ki.t'i
Int I'll pi 1 .'IP,
do pref ai.i , mi,
fouii Ci nt . ... 41,
Jewel T'.l 4014
Ji wel '1. u l.' . . ...it
Knn cits So 21
K C (Mjutli prf ftt-i
Kely Spilm:r.iJ, 4il
K'nuis.'it c.i, 4,i',
Twin city It T ssii
Un Pair A Paper IIS
00 new . . N2
l'n Cluir P pf .11',
Undroo1 Tyra.,10'1
I nlted mo Wood rts
r'o nref . mix
Pnlte.l Drue ... 71
Cnldil linu S.I rf S7
full" I IC Itiv.. -
l'ii'.n 1' .. ii..' pf So
I- S Can I l-lpj ji i,
U y 'Cxpress. . ., IS
(' s Id-ilty Imn.. 1.1V1
P S Uuli 1t pf.JOil
I- S Sli',1 if Mil.
t'tjh Sec 1 '01 11 . 1s'B
Vi Cur ("hem Pf.lU
1'rt Iron 1- .1 o . . 71
Went I'.io It It.. 174
do pn f 47
".t. I nl. ill T. I 'i.C,
wii... 1 1. 1: .. a-ji,
Whit- Motor . Ill
Is C. litr.il . . . I'l
W Ison I'll tint 102
Wil.llVMTtll ... I '".
Wooiwi.rtli irrr..l2.4
IP I'p A. M pi A 1(4
ill 7'iimn 11 ti' j
WHISKY RULING DOESN'T
WORRY DISTILLERS HERE
Order to Stop Maim fnd tiro Sept.
S Won't Aflect Business,
They Say
Phll.idelphla dlntllliTR 010 Inrlltn-il to
t.il.e an optimistic view of tho food admin
istration rtilliiK, uhlih decrees that "whls-ky
mahitiR in tho l'nlted States will M011 at 11
o'clock on Satmdav evenliiK. September S."
Deaplto tho fact that the nltcri-Kate aluo
of local dl-tlllerv propel ty runs Into tho
millions-, employing peeral thous persons,
tho Munition Is not icKnnlcd its ceiiouu, ac
cordlnK to tho statements' or tho officials
of several li-mlini; Philadelphia dl'tlllerlCM.
rnllhe other paits of the (otintty, lor.il
distillery properties aro not likely to ho con
verted into other iuduntilen In th" hopo
that the tt.ir ill not last lont; und but".
Ines.s win bo tccunieil after that period.
As til" food administration luluu; iloea
not lU'cveiu tho sale of utocK on Int mi. btt.sl.
ness will be carried on the uimn as- heteto
fori. Theri- Is enough Htoek on hand In the
Philadelphia dlstllleilcs to Uei p the Itidtiti'y
intnii ft mil lo." foi several e,trs (inly In
,1 lew instances will tho fotee of einplo.Mi
ho doi.re.ised, and sevei.il of tho le.tdmi; ills,
tllleties claim tbej will not drop a iIpkIc
man
Tho only menace to "business as usual" l.s
the Hiilzmo of whisky by tho (Imernnient,
but thin is not tonsldercd likely, a.s tho cost
of eonottliiK whisky Into alcohol moiiM bo
too Breat. olltnlu.itliiR also tho revenue.
Kn.ii.illy optimistic Id tho lame roloiiy
of Philadelphia bteer. who anticipate tho
blitsoit winter icason In their hlstoty Ilete
tofoiii beer consumption waa always Kie.it-
. . -. -...1 e.n ..111. ..
est in KIO spring. Sllillliiui aim i.in. iiiii .1
marked decienso in winter. This londltlmi
Is not anticipated this winter, due In a I.ttRo
meiiRUiu to the national attltudo towaid
whlskv In war times.
Hritisli IManct ISomliard Airdromes
LONDON, Auir. I". Many tons of ex
plosives were dmi'pdl on eminv .ilrdtome(
and railway Hta.ions by llrltlsh naval
planes, the Admiralty nmintmeul today.
Seveinl fires en- ob'-crvod followlns raids
on the Oatend ralla station, thn Thnuroitt
rail" ay station and tho ("hlslelles airdrome,
the statement said, n portini; the ataeks 011
these ll'-'lKiau points At KproI and Pt
kerko alrdioines wire b.mibtd and road
transpotts were ntl.c ked by ininllro. front
tho air.
Japun Socialist Denied IVisuports
TOKIO. Ami? 17. (lcrman Is endeavor
Intf to use Hit- Socialists of thn wot Id as
tool- In liiliiBlHK n neaco satlsractoty to
lletllu, was tho opinion expresstd by tho
RoM-rnnient today In dcnylnB pas?ports to
tho Stockholm Socialist confetence. 1 sonm
Katayama, of New Yoik. bad been deleKat
ed to represent tho Japanese Socialists nt
the International conference
I'rccd From Auto Theft Charge
M rested on the tbarfio of Ple.illnc an
automobile of the llev .lohn Thompson
;;.., m ftont nt St Patikks Catholic
Church, .lobn Kelly of 2211 Wlmrlon sKeet;
Aeelile Sham, of 4 12 Spruce street Jaeoli
ClelKer. of Kouttlt and Carpenter streets,
and Kmil JU-lir. of KiJS Point ilieeo uve
nue. were disehaiired when arralKin-d be
fote Magistrate Collins today at n further
he.irlufr. Father Thompson failed in appear
against the young men
Destination of Gold Secret
NIJW YOUIv, Aug. 17 An additional
$2,000,000 In Unltod States cold coin has
been withdrawn from the Subtieasury. the
domination beliiit withheld. This makes
over M.ouO.OOO In gold taken this week ro
far whoso destination Is not made public.
The withdrawal brines the total taken out
on all accounts to IM79.2I5. An amount of
JlOO.OOO taken for Spain today Is Included
In the above total.
Small Balance Due on Liberty Bonds
"With the payment ot about $12,500,000
on tho present Installment, the total pay
ments on Liberty Loan bonds received nt
tho Philadelphia Jteserve Ilank, lucIudliiR
previous Installment, amount to 1152,000,000.
This leaves but nbout J13.000.000 t6 be paid
In thn next and final Installment, tho allot
ment of this district havinu been fIC6,000..
Mayor Proposes TMsWm
Ponllime,! from I- Ie
company, opcrato tho unlfh-d nystem nt
tho rates of fare established by and sub
ject to tho provisions of this contract for
the remainder of the term or for such pc
nod ns may be determined by tho court, or
Second. Knter Into a contract, subject to
tno panto conditions, with some other rer
eon, Hi in or corporation to operate thn Unt
ned system ns tho nttent of the company, for
Mich period of time; or
Third. Apply foe the appointment of n
receiver to operate the unified Rstom, and
in conjunction theicwlth nsk for such
rurtlur order nf the court as may servo to
protect tho rlRhts of tho parties hereunder
1 ourtii. Apply for n cancellation of thn
lease and of tho contract of which It forms
a part
Klftlt. Avail Itself of each and every
"-K.il or opiltahlo remedy now or hereafter
existing.
Operation by the rli, or Its itRent or tu
be receiver on behalf of tho company, shall
,'!', 1" 1 i,V0 1"'0 llr"lfll of this contract.
.111 shall be had only by order of the court
1 ,JK,.U '''"""""'tlon of the tbtbts of
", r 11 curlnK of the default, and
ri T''1 ,to K"oh "lfr "', l'c court mav
rtiw ." '. Vrf,ni the Instance .,'f
I, ,' f ..1"r,.J "" th0 w,l,M "v"- HiH
nl.e ,?, i".. ' ,l,r ,,n,"imt.y fur operation
,.i, 1. . "" '"'' ""' '"""ona of ibis
.oe , e V"""ry."r tI,e ,1,f'l,,lt '' ''e
rest ' 7.,"'" ,-0"rt 'lia ""'cr melt
restm .it,,,,, f the unified system.
tloti"ii,f,."l..'' t0,nc'""1' "hnll be In nidl
elved feo, 5,!"h,r ,0,"c,,-v "",l "v !" "ler.
Midi orZ ''mC ,0 l,lme "' "f'-t. and In
'''" "crt-lsotl nl the same time
si:r-TIn. 11
nn or srr,:nv,,Nll ,:N,Nl.:ims
t .,fau.0f ,""0,'V"""B enKcern. lo con-
Upsss
or tin company r-j, actively
'V the Mayor ,;y'-i ;-,:PP0nt-
consetil of Select Council btmo.. 1 """
moveil by tho Mayor. "V ,' "'
P.'. 1 "'-.I, y'T.ean'' thp """"'"I t the cottt.
llll, s xty d.tvs after the tl.tto ttpot, which
tipiirwmpii rnr ... ..
, m . " '" in tn. jm CiiPn
i ,'r'" ,'a"'""1 '' "", ,1''!"l'. removal.
.cslKiatlon r Incapacity f ,be chairman, or
other,, so, n chairman shall, within thirty
trim' """"""' ' "II the unexpired
COMMISSION MAY XAMK CIlAIflMAN
SI1011M the Mayor and the president nt
(ho company fall to pkioc upon and appoint
(he th.iiiuinn of Uie board within ihe times
hoielnhof,.ro spcclded, either the Mayor or
the ptesldeut of the company ma request
the commission to nitno the chairman, and
the pots,,,, named by tho commission shall,
upon his acceptance of tho ofTlce, become thn
third member and chairman of tho board
for the unexpired portion ot mny five-year
period,
Tho Mayor and th president of lh com
pany may, nt nny time, by mutual onrce
merit, removo tho chairman of the board:
and It shall bo the duty of the Mayor and
the president of tho company to remove tho
chairman. If nt nny time It shall appear
that be Is Incompetent or that ho Is per
formlnn his duties In nn arbitrary or un
reasonable manner. In case of a disagree
ment between tho Mayor nnd the president
of tho company upon tho nucMlon of re
moving tho chairman of the board, the
parly demanding his removal may submit
to tlte commission bis reasons therefor, re
questing tho commission lo render an opin
ion upon tho question. Should the com
mission render an opinion finding that the
demand for tho removal of the chairman
Is reasonable, a vacancy in tho offlco of
chairman shall forthwith be deemed to
exist.
OI'I-ICK AND ASSISTANTS
The board shall maintain u ofllcc within
Philadelphia and shall employ the neces
sary assistants nnd purchase the necessary
supplies and materials to enable It prnterly
to perform Its duties under this contract.
All salotles and expenses of tho board
shall bn 1 barged lo operating expenses nf
tho unified system, or to the capital nc
countt In such proportion ns may be de
termined bv thn board.
Kor tho tlrst tlvo years period of this
cotittart tho member reprerentlng the city
and tho member representing the company
sipll each recelvo n salary at tho rato of
ten thousand dollars (J10.000) per annum,
payable monthly during bis period of ofllce.
Thereafter the rate for each five-year
period shall bo fixed by ngreement between
tho Mayor mid tho president of the com
pany The compensation of the chairman of the
boaid shall be determined from time to time
by ihe Major and the president of tin- com
pa, i.v
l'..uli member of the board shall be bonded
by a corporate sutely. the amount and chat
acter of the bond nnd the company to fut
nlsli the same to bo determined by the
Major nnd tho president of tho company.
The premium for theso bonds shall be In
eluded In tho expenses of tho (milled system
can nncoMMnNn nt.w MNna
The board of supervising engineers Is
empowered to report lo Councils upon the
"advisability, reasonableness and necessity
of new lines, extensions, equipment or any
modification of tho transit facilities oper
ated by tho company." nnd to make recom
mendations ns to cost of construction nnd
operation nnd methods of financing the
high-speed lines.
The extensive powers of the board further
Include permission to bring, on Its own
Initiative, proceedings beforo the Public
Service Commission to require the P. It T
to build evtensions to Its systems.
Tho bontd also would pass upon, ap
prove or dlrapprove, adopt or alter, from
time to time, all plans and specifications
for construction, nnd rules nnd standards
of maintenance and service, "as In Its opin
ion may be necessary."
Purther, the powerful "board" would have
complete ibargo of regulating tho routing
and could order tho P. It. T to rerouto nny
of its linos nt any time.
The board, finally 's empowered to "rec
ommend" to the Stnte Public Servico Com
nu'Slon. from time to time, changes In tho
rates of faro and the charges for ttansfcrs.
Lastly, It would recommend to Councils the
tcrmH and conditions upon which tho Inter
urban trolley lines running out of Phila
delphia may be leased or operated bv the
P. It. T
Lewis's Explanation and Analysis
PrVKS! .,? ' ' .' ?nt"" ""
Continued from l-.-tee Ons
aro Infamous and no deeent man would
serve 1
Tho principal piovlslnns of the lease a,e
A. Tho city Is to build and mainly equip
tho lines that have already been authorized
by Councils The company Is to supply In
tho main tho electrical equipment. If tho
city desires, the company will also furnish
track", third tall, 'iRH.tls and rolling slock,
pioilded It can secuic the money for such
equipment al not more than 6 per rent.
film company Is required to furnish
enough of tho equipment, and equipment
nf slid, 11 character, that recapture by
thn city of Uh own Hjhteiu would be prac
tically Impnsdlilo. whewfnio ,t Is wholly
at variance will, Mr. Tw tiling's contention
that no lease Fitould be signed which (loci
not ptovlde. speclllcally and practically,
for suih recapture by tho city at any tlmo
nf its own lines. I
II Tho company nRrees to build all exten
sions of Its own system riconitnended by
tho hoard of supervising engineers and ap
proved by tho Publlii Servicp Commission.
No apparent objection lies to this.
C Prior to the Initial operating of the
first section of tho city's system the com
pany Is to operate Its own lines as at pres
ent, but subject to the legulntory power of
tho board of supervising engineers
No apparent objection lies to this 1
1). The cnmiKinv is to pay as rental for
Ilu use nt the city's lines an amount equal
tn tho Interest and sinking-fund charges on
tho bonds Issued by tho city to construct the
lines t
ITho companv i.-innnt do this utiles a
higher lato of fnio Is In fon e during the
ally yei((s or tho lease. It haH not the
monev, could not get It nnd has no thought
of ttvluK lo. Tho whole pilipoiio of this
piovlsion Is to foicii higher f.ires It is
a theoretical ndiantngn for tho city. In
in.Ktk'L', It is c.ih ulnted t'i Rive, nnd will
give, tho company unlimited financial pro
tection K. Tho following payments arc to bo made
In the oider named from tho total revenuo
ot tho unified si Mem;
First All expenies of operation and main
tenance. Second Taxes of all kinds
Third. 1'Mxed charges and 1e.nt.1ls of the
company
Fourth Interest nnd sinking fund pay
ments on s-tcurltles of the company Issued
to obtain now capital for extensions to Its
own lines and urulrtnicnt for the city's linos.
Fifth Payments Into the various re
serve, depreciation and contingency funds
necessary tor the prudent buslnessllko oper
ation nf the unified pystem.
Sixth. P.tments due tho city under, tho
1507 tontr.ict.
Seventh. Payments Into the city treasury
of 1111 amount equal lo tho Interest and
sinking fund chaises on tho city bonds Is-
siud to pay for the city's lines.
Klghlh. A dividend to the stockholders
of tho companv. As long ns the present
tluee-cent exchange tickets aro maintained
this dividend Is limited to 5 per cent per
annun, When tho exchange tickets are
abolished by tin, ompany or abolished or
modltfod by tho Public Service Commission,
the company, If the cross earnings are suf
ficlent, may pay a dividend nqt exceeding 6
per cent cumulative from tho date of the
contiact; tho provisions of tho 1907 con
tract allowing u cumulative C per cent dlvl
.lend from January 1. 1907, to dato belnc
waived.
Ninth Payments to the Sinking J-und
Commission established under the 1907 con
tiact, equal In amount o 4 per cent upon
such of tho city's bonds as shall havo been
ictlred by the use of money previously paid
Into the sinking fund under Item 7, above.
This Item will not bo payable until about
thirty years henoe, wlicn tho flint bonds will
he retired,
nth. Limited pajiuents into an oper
ntlng surplus fund
Kleventh. The remainder, If any. Is lo ho
divide,! r.O per cent to tho city and r,0 per
cent to the company, as provided In the 1907
contract
The foregoing payments are to be cumu
lative In the order named
,Bt?lll0,rr?cr.ot Payments Is so formulated
-is to eliminate, any possibility of five-cent
fares and universal freo transfers.!
1-' At the beginning the fare will be five
cents on tho clty'n lines. On the companj's
lines tho present fnro will for tho present bo
retained. There will bo freo transfers be-
linU"1 WK. cl.'y'n """ (2 " city'"
lines nnd tho Market street subwaj. -elevated
line, (3) the city's lines and tho company's
lines, except In what Is desltmatcd the "Me.
livery District "
Holh parties to the contract teeognlxe the
right of the Public Service Commission to
determine what Is a Just and reasonable
J.itc of fare Whenever tho gross revenue
for (,lx months Is not sufficient to pay all
prior chnrges and a dividend of 4 por cent to
tho company, tho city conceding the fairness
of such a dividend, tho city agrees to Join
In a petition to tho commission for a deter
mination of what Is a proper rate of fare.
Tho city not only agrees to Join In n
petition for higher rates, but tho city knows
now thnt under the lease It Intends to get
such higher rates. Tho mention of Initial
opetation under a five-cent faro and eight
cent exchanges Is likely merelv- to fool the
peoplo oh to the truo Intent and purpose
of the agreement.
II To regulate the service and gener
ally supcrvlsn tho operation of tho unified
system, a board of supervising engineers
will bo established. The board will consist
of three members, one nppolnted by the
city, one by the company nnd the third
Jointly by the Mayor and the president of
the company.
The boaid will have the power, among
other things:
First To report to Councils on the ad
visability of extensions of tho city's lines
nnd extensions of tho company's lines, nnd
of Its own Initiative to petition the Public
Service Commission to require tho company
to construct extensions of Us own lines.
Second. To supervise tho plans for and
the cost of transit facilities
Third. To, establish tules and standards
as to maintenance and service, regulate the
routing of cars establish stations and stop,
ping points and determine the ndequacy of
equipment.
Fourth. To recommend to the public
wervlco commission changes In fares.
Fifth. To decide upon the amount and
classl (leal Ion of' tho depreciation and con
tingency reyjirve funds, and to act as
trustco therefor.
Sixth. To act as a board of arbitra
tors on any question arising between the
city and company under the contract.
.-a.'S
XL
The powers of the board sink Into rela
tive unimportance compared with tho pre
carlousness of tenure of office of tho mem
hern of the board and the utter Impos
sibility of their ever being nble to main
tain a position distasteful to the company.
1. The term of the lease will expire
on July 1, J9E7, which Is the date fixed for
the expiration of the 1907 contract.
Tho usual fifty-year term.
J As under the 1907 contract, the city
may, on nnd after July 1, 1957 purchase
all of the company's property by paying
to the company the par value of its capital
stock outstanding nt the date of purchate.
In addition to this right, between July 1,
1927, and July 1, 1357. the city may pur
chase the property of the company by pay
ing a Hko amount, plus any shortage of
dividends on the company capital stock now
outetandlntc below 6 per cent for each year,
4- V ir.. . .
' . "" . irnT . '. I4.vCA4.yW;
W'rW OH'
v
"LTERE are the Members of Cpur!-
trnC. Me.to hon. th Smlth-MUU
tranBlt lease hag been referred: i '
FINANCE COMMITTEK '
eb.np&cy!!??" -r G?ffney,-
Com,, BaizW, BlcCIoskevr, McCarthy
McGurk, WWter, McKinney, WlU
Iinms, McGuigan.
Select Councilmen Trainer, Craw,
ford, Scper, McKinlcy, FJnley D'Au
trechy, Flaherty, Bacon. Buchholz,
Qulgley, Abrnms, Hetzcll,
STREET RAILWAYS COMMITTEE
Select Councilmen Soger, chair
mnn; Bdnl, Buchholz, Crnwford,
Evans, Abrams, Finlcy, Qulgley
Trainer, Nickel, Walsh, Shiof. 7
Common Councilmen - Trinkle.
Hynn, Robert Smith, McGurk, F.
Schwarz, Burke, Stockley, Danco.
Dougherty, Asnip, Rcmig, Mllligan.
t' I
from tho date of the leaso to the date of
purchnre.
The Taylor leaso gave unlimited light
of capture of tho whole system. Mr. I-wls
and Mr. Twining objected to it as worthless,
llicy propose now a for moro worthless
right and abandon utterly the right to re
capture the clty'n own lines. It Is provided,
too, that tho leaso Khali run a second nfty
years, unless Councils gives six months'
notice to the contrary. A corrupt political
victory fifty yearn hence would tie the
cltys hands completely. It this right of
purcnaso of tho company's lines la con
sidered as a concession by the company, Ihe
city a negotiators have beet, hypnotized.
There jls no concession in It
RAILROADS-REPORT BIG
FREIGHT CAR INCREASE
Shortngc Situation Declared Greatly
Relieved During the Quaitcr
Previous to August 1
WASHINGTON. Aug. 17, Reports Just
received by the Railroads' War Hoard how
thnt tho railroads of tho country. In their
co-operative efforts to glvo to the country
tho greatest possible amount of freight
service, have effected an extraordinary
Improvement In freight car supply.
These reports show that tho exceu of
unfilled car requisitions over Idlo cars, or
what Is ordinarily but Inaccurately termed
car shortage, was only one-fourth asj great
as August 1, 1917, as on May 1, 1917.
The excess of unfilled rnr requisitions on
May 1 was 118,(127; on Juno 1 it was
lOO.f.li; on July 1 It was 77.(182. and on
August t It had been reduced to 33,776.
This result has been nccompllshed at
lime when the railroads are supplying from
fifteen to twenty per cent moro freight
rcrvlce with the same number of cars than
was being given this time last year, for
the railroads handled In July a tremendous
Increase In both tlov eminent and commer
cial traffic.
Tho movement of cantonment supplies
atone occupied the full service of more than
r.0,000 cars. There was also an extra
ordinarily heavy demand for cars to trans
port food products, as well as materials
to nnd from munition factories.
REGULAR ARMY MEN TO BE
PREFERRED AS OFFICERS
Government Policy Assured by Naming
of 145 Colonels of Infantry nnd
AC of Field Artillery
WASHINGTON'. Aug. 17 omecrs of the
regular nimy will bold down tho "lop" com-i.m-i(
' tde i'mv National Army. This was
mode certain this afternoon when the War
iep.trtui(-.-i( announced a list of 145 named
as colonels of Infantry and forty-six
colonels of field nrtlllery. The men selected
aro at the present tlmo lieutenant colonels
nnd colonels In the regular bram.li of the
service.
! No assignments to regiment has as yetl
been made. This will be done In the. near!
future, however, so that the ofllcers can'
it-oesed to the various ramps' to participate
In tho organization ef the regiments from
I tie (.elective conscripts who .will commence
to teport at tho various camps on Sep
tember & Moht ot the men promoted today
were captains and junior majors n month
ngo
38 WOMEN TAKE VOWS
Twenty-one Become Novices and Seven
teen Get Black Veil
Wi:ST CIinSTKIt. ra Aug. 17. necep
tion day was observed at thn Villa Marls.
Convent of the Immaculate Heart of Mary,
here when thirty-eight young women
took tli vows, twenty-one becoming novices
nnd rcventeen receiving the final rites after
serving two years In the novitiate. Illshop
McCort, of Philadelphia, ofllclatcd nt the
ceremonies nnd tho sermon was preached
by the llev Father Woods, S. J.
The novices worts Misses Mary McQulgan,
Kleanor Scully, Anna Hennessy. (leraldlne
Henderson, Mary (leogheghan. Jane Mona- .
Chun, Helen K Itellly. llcrtrude Tiiohy.
Marv Dougherty, Sadie Kennej Mary
Duffy, Clara Dowd nnd Uernardlne .lacoby.
all of Philadelphia; Prancls Gnllngher and
Mary Moore, of Mount Carmel : Mary
Hakttt. of South nethlehem: Margaret
Hlckey, Knston: Josephlno O'Urlen. Shenan
doah, ICstella O'Neill. Iocust Oap; Sarah
Dalley. Ashland; Anna Mooney; Weft
Chester
250 GET MELD-UP WAGES
Auditor General Signs Rolls in Agri
culture and Printing Departments
lIAlUUSnijnrj. Aug. 17. Tho payrolls
of tho Agricultural and Printing Depart
ments have been made out anow without
the names of employes appointed by Secre.
tary Patton, of the Department of Agricul
ture, and Superintendent Long, ot the Print
ing Department.
Auditor Ueneral Snyder held up the pay
rolls becauso he contends that Patton and
Long are not legally holding office and
therefore have 117 appointive powers. As
the revised payrolls were signed by the
deputies Iu each case, the Auditor General
Issued the warrants nnd the 200 employe!
affected were paid today.
Phocnixvillc Mill to Enlarge
IHOnNIXVIL.M:. Pa.. Aug. 17. J. H. ft
C. K. Eagle will, within the next week, add
nineteen more looms to their local plant.
At present this plant has ninety-six looms
In operation and turns out an average of
8500 yards broad Bilk per week satins,
crepo do chine and silk shirtings. .
This plant for tho last five months has
made much progress. Increasing from sixty
to ninety looms and within another week
to US
, m
1XL
. 5-tf
1 m
ii '
tf
Expects U. S. to Settle Coal Strike
KNOXVILM:, Tenn.. Aug. 17, The next
step tn the coal Mrlke In Kentucky and
Tennessee probably will bo taken by the
Federal Government, Frederick G. Davtt,
commissioner ot conciliation of tho Depart
ment of Labor, said ho had made a
report of the situation to his department,
and that there was prospect ot an early ter
mination of the strike.
Miss Wickersliaw to Wed
LANCASTKIl. Pa., Aur. 17. Mr. and
Mrs J, Harold Wlckersham have announced
the engagement of their daughter, MIm '
Ieavltte Wlckersham, to Lieutenant M. .
wtnalow William. Vale '14.- of Yantl.
f-t.n .wiinllv iHimmllnnri In lh AAtral,.., '
service. Mlsi Wlckersham Is a sister oty 11
Cnntaln John H. Wlckersham. enrlneec '' -3
corps, U. S. A., and a granddaughter "3 .
T If TUIelrArahnm for mum- va-a OImI '
Superintendent of Public Instruction ulA 'j
I.I.. Tfnltj.,1 Mate Minister ,n namndrb' kTJ -fl
"" " " r- j
Indorse Present Councilmen ' :
At a meeting ot the Independent -Kepub-.
1 leans ot the Forty-sixth Ward IknUalMt
the present Independent Councilman,.
F. Burch ana j, waiter -vnotniwsxi, were in
dorsed ana recommeiwfa'w imvowv
re-electlon..Th oenAtfeter of IMS. '
ifr.