LYT, i' T"V f a. i., 'f t ..iii'' ' fi-tt L mn. Mi rrir TT a"a -wi w : s r ibh .vv 7,1 i?- -4' f 1 . T - .1P: V . . ,'i" ,'.,y . ' r law". , - . ," - .1 pw-wwv .,,; ;v. .s.$&v . ' . j. -'-i?;, EVENING LEDGER-PHIL'ADELPHIA-, FRIDAY, AUGUST .24, 1917 THEJTREET-PHILADELPHIA MARKETS . y.-'( n. I j v ft I 4 tliit I PRESIDENT'S ACTION (WAWmPAftrra? PRICES ANTICIPATED BY OPERATORS Generally Believed Beforehand That Present Mine Prices Would Remain-Gossip of the Street PRESIDENT WILSON'S notion In the x.nB of price, for anthracite M largely '?t nrrli .1 lhr?"lh " confe'enco wcon the operators and the Federal Trade Commission, an, that any prlccnxlng by the Government would .Sect only the dealers and retailers. This Is exactlv what has happened. One of the best-posted men In M.e city on the anthracite coal situation said yes terday that he did not expect any Important change from the present conditions. -There was a committee appointed by the Oovernmenl some time aBo." he said, with Samuel D. Wnrrlner. president of the LehlBl, Coal and NavlKatlon Company, at the head of it. This committee was made up of experts in the anthracite business Rnd they went to work nt once to stop any unjust prices. The anthracite proposi tion." he continued, d ffers from the bituminous in many ways, but particularly because the field Is in the hands of fewer and larger operators, and the larger the output the less the cost. This committee recognized that distribution was of more Importance than cost, and planned to supply the New Enijland and Northwestern anthracite using territory before the navigation on the Great Lakes closed. The market in I'enn .ylvania territory has been held back until the last, as shipments from the mines hero are not affected by the weather. We will soon begin to get our supply here, but ' Jn the meantime a committee of men who knew the anthracite business from A to 55 have prevented any game of grab leading to high prices. For that reason I don't believe there will bo any further prlce-flxing necessary for anthracite." The manager of an old-established bond and Investment house said, in connection with coal price fixing: "I wish the Government could see its way to fix the price of labor as well as coal. I have In mind, ho remarked, "a small operation in coal that our house financed and managed. The operation on one side of ours raised the wages of the miners. Our mlnera demanded the same wages or they would strike. Our operation was the keystone of a number of other operations and If we gavo the rise all the others would be compelled to do the same. Wo consulted them and they told us to hold back aa long as we could. Wo then consulted with the operators of the mine that had raised tho wages in the first place and told them It matters went on as they were doing we would bo compelled to. meet their wage prices. They told us to go ahead, and the moment we met their prices they would give another advance as they wanted our men." An Opinion on Copper and Steel Price Fixing While giving his opinion as to why tho market waa selling "off" vesterdav. tho manager of a large Investment house said he attributed It to the uncertainty in regard to price fixing, since tho announcement about soft coal. "But," he said "prices cannot be fixed for steel and copper as has been done for coal. Besides, they do not come under tho food bill as coal and other fuel did and, personally, I don't look for any price fixing in these two commodities that will affect present prices "By the way," ho remarked, "there was a rumor that tho Government had decided on twenty-five cents for copper." "Not Going to Have Any More Good Times?" "What are you going to do for bond salesmen when business starts up again in the fall?" was asked of the manager of one of the largest Investment houses In the city, who had lost almost one-half of his trained force to various branches of Uncle Gam's service. "There aren't going to be any more good times in the Investment business," ho replied; which Indicates a state of mind, rather than actual thought. "We need not think of good times until we get the next Liberty Loan out of tho way. and my Impression Is that will take seven or eight months to completely clear up." .u 11 ma uuuae nau aaoea to us 11st or clients any considerable number of Liberty uona buyers, he replied that they had on their lists more than 700 persons tvho had bought Liberty Bonds the first bonds they ever bought, but he was not sanguine as to their ever buying any others, unless it should be the second Liberty Ifsue. United Railways and Electric United Railways and Electric Company has adopted a financial ulan to make provision for purchase of new cars and for betterments and improvements to its service during the next four years. The form which this financing will take is an issue of 13,000,000 6 per cent flve- jear convertible gold notes which are to be sold at 97 'i and accrued Interest. Alex Brown, who headed syndlcato offering of gas notes, Is also head of United Railways and Electric Company syndicate. rsotes are to be offered "when as" and "If issued" and subject to approval of FUDllc faervlco Commission und of the stockholders of company. They will be convertible Into common stock of tho company at $30 per share during the first two years, $32 per share during tho third year, $34 per share during the fourth year and at $3G per share during the fifth year of life of note issue. ' Trcsent market price of stock Is $27.50 per share. One House That Finds Business Good Lee Hlgglnson & Co. report great activity, especially In first-class short-term lecuiltles. Their representative here says that in spite of the general complaints about poor business he has always found a ready market for nearly all his list. The month of July ho claims was very good. This house recently put out an Issuo of $2,000,000 of Puget Sound Traction, Light and Power Company five-year 6 per cent bonds, which were secured by a direct first mortgage on a 26,500 horsepower hydro electric power plant nt present In operation, and on transmission lines to Seattle, Tacoma and Everett, and also by both direct and Indirect mortgage on various other properties, Including additional 82,000 horsepower hydro-electric plants and 47,000 horsepower it earn plants In operation or near completion, as well as 478 miles of street and Interurban railways. Moro than half of this issuo Is already reported sold. The notes are offered at 98 and Interest to yield 7 per cent. A Copper Story "There Is a company whose stock Is listed on the New York Stock Exchange," ald a customer in the board room of a well known old-established house yesterday, after the market had closed and stragglers were swapping1 stories. "This stock lias been Idlo at a low price for some time. It Is the Cerro do Pasco Copper Corporation. It Is capitalized at 666,666 shares, no par value. Half ef the shares are held to take care of $10,000,000 six per cent bonds. Almost $3,000,000 of the bonds have been called for redemption or conversion Into stock, and when they are all called there will bo 1,000,000 shares outstanding. One-third of the company's net earnings go to a sinking fund and, I believe, thero should be about $8,000,000 In the sinking fund In a few months. The properties are In Peru, and In normal times produco copper for six cents a pound, delivered In New York. The company owns Its own coal and water properties and 220 miles of railroad, and last year It arned $14 on 666,666 shares of stock. Its monthly production runs about 6,000,000 founds of copper. It Is paying at the rate of $6 per share for years, and Its published report of earnings for 1916 shows earnings of $14 a share. "No," ho replied In answer to a question. "I do not think price fixing by the Government will have any perceptible effect on this property or, in fact, on any food copper proposition." Will Price Fixing Help Public Utilities? L. P. Hammond, of Bonbrlght & Co., speaking of public utilities from the stand- 1 Point of tho Investor, says: "The present conditions on the Investment market are puzzling to Insiders. The United States Is holding more gold than any other country is known to have held In the history of the world, bank clearings are at an unheard of rate, tho steel companies' orders are far In excess of anything anticipated in that direction and all the other barometers point to record-breaking prosperity. It is evident that stagna tion, must be due to psychological causes. In plain words, tho Investor Is appro henslve." Mr. Hammond proceeds to reason that this apprehension is duo to the uncer tainty connected with the Government's price fixing, and he goes on to Bhow that tubllc utilities are virtually assured of very little disturbance through regulation because the utilities have been for some years under governmental regulation by Various States, and,' therefore, will be not only exempt from adjustment of earnings, but also free from the evils of ill-advised or uninformed efforts of newly created reKulatn t,i- xf u.mnnH pm a ercat benefit to utilities through the Gov- 8 ' ernment price regulation of coal anil other commodities largely used In the opera- won of public utilities. Will Super Attractions Sell Notes More Rapidly? Investment houses are at a' loss to account for the rapid absorption of the ;U 110,000.000 Canadian Northern one-year notes. They were made speciauy aurac I -to ,nsurea quick market, but U . P "ZZCrZ ,, .n soia easily at a lower rate, wor....,-- - " the offering, and before the second day wa . r- -- ...-,-. --- ---- - u Some say the guarantee of the Canadian Ornment back : a the co taUral, bonds, both as to principal and Interest, had a great deal to do with the rapidity with Mch these notes were taken. Fortunes in Ships 11 . l,u a nplnltv of oil One of the principals In an Investment nouse -"'' .. . . t ..11JI-- -1 Aiunlnir ciVil . ' 1- " ' . v,lrr inn rift DV DUHUUlK "' o .t-i ks remarked today that tne mono, " ' 1 "vean instance of a tanker which r..HPeclally "tankers." was almost Incredible He .gave "" .. M0 Met MM from San Francisco to New YorK am .! - ? throne yoyage. :,-, a nare are." no to Im "built nd t - -- ,- -z , r. . . .-- . i M. lw'jitPiS,"H lidm':'uMk(heBr 7 ooat PBPWHlI?'. PJ!Ynmmi p " SVWICT 1 1 ". said, .'hundred, of J$SS PHILADELPHIA MARKETS GRAIN AND FLOUR wS'i? -J!iitMB bu,h' The markel a to 1 loe.nJS1 ?n"! Cr 'ot for ioca) tmdf. wrf .mTiv'ff P'J- 'O'3 b?.h-, Scot upil!e wr l?i.iiut.demn,'1 w" Hmltl nd miIum while "nSriV- nominal. Quotation: No. -J whit' 7?m?l;i t'ndmr.t white. 7870c; No. 3 KLOUnt?8' V0- white. 70077c. In ncka if,?1"111' 203 bbla. and D72.4H lh - --:- - . -J i-ikii-ihd .llll.M.U ,u,n- Ti and Ih ahtly hlihJi. ruieo nrm wun Borne k nan (cotton lr&',' Quotations per 10 lb.. In wood tralsht, new- ifo7nau"!.-30 ""V1 Winter I11WI1 r.11 !!.: !l),?,05nl Ivaneaa, rdr, new, P 'nt. nwdiiiM."SlShi- new. lll.2SWU.75i do. 11W11 s-i7'j',,,fi(Wl2; tirlnn. flrnl rear. 01, voiii. LsA'.dV'!lint. ol.i. llB.RriBlSi do. 1 .1 flX 1 .1 ".-. : r- I :. "..mil! Wl'."" trali J v. ,0, -t. tenders, o'er, v fnllla nhAlMA ati.1 ralght llOfflli.50. patent, J10.2RO' IIVM .. quote tit "til. 'lM "low ' dl former rates. Wc q " M10 per Mil., at to o.ua1II PROVISIONS Ie7hr'ulied,,n? uKr J"" Inquiry an.l the mar amokei n,im,.i.g.u'iln.,lonsi atv ,",,,f- ln "' moked, 3tc: cltv h'eef. knurklea anrt .m.Meil and alr-drled, 3V:. weatern sic: Deer nama, loose. ham,; -i!S..1 "?;. In.0.'.a' '-y? c??: other averarn 'ft?.," . """i w uruu mm 2iiySiC'0l5-6l4ci do. smoked, western cured, "houTd-M ' b'1oi ,""1".1' . t'onelrea 3DC; picnic !1? t.ii!..8, .' eured. loose, 20c! do, smoked, fooVe "ilL. i'n .r'tkle. arcordlnu to average, S " 1're.kf.iit bacon. a to brand and ern r?,r-.,f o-cur?J- -"! breakfast bacon, west-"Ko- fs'ci 'r,l- western, refinul. tlorceo. kelt'la ?;?"' " t"'"- "Bci '"'! nure cl,y 23c. rend?red. In tlercea. 2.1c: do, do. In tubs, REFINED SUGARS ofTRh2iim.'Lrl'?t ?"" lulet but steady on a basil or 8,4oas,7Sc for extra lino uranulated. DAIRY PRODUCTS nrrJJ.,'nrThfn',r"'t ruled llrm under llaht ?ii-rJ.n,! ,..nni1 l tittrtv active demand guota-!.n.?:i.".,.,,el'n- aolld-picked creamery, fancy Kt?L ji4oC e,"rai' If'MIc, extra firsts. 4':c, ......, ,, , a?i-unui. -iiic. neuro nrinis. lancv. "veraie.es.tra, 4SiEi-IOc: firsts, 434441, mis J oi. .--- viunu., inc. nearDj prima .?;..H.ver.,,.netra. 4.-i(Ri40c; firsts, bl'S-BOSef8 "B"'M brand" 0f rr! nfj.t1'1ne, new-laid cges were sci one per case hleh,r. with ,rAmnn.i nr.. per case hither, with demand tjooil. scarco and Uuo. tations follow. Free cases, nearby firsts, J11I.30 Per standard case: current receipts, 112 per J5f?i J'c?niI;',Jl0-MliflO.U3 per case, western ;; ..'v.'-lw F-r case; urais. i. xer caso. seconds, J10 05310 H5 p.r case, fancy selected f,ViK?J.obblnr at 4nS0a per dozen. ,. , t-h'v."-u, 1'lne. deslrable-slred stock sold rnlrly and ruled firm under llicht olterlnas Quo. eLlon,i .rw '-,- to box. milk-fed. dry-picked, it? y seleited, 27c. w-elBhlni; 4' lbs. and over "jew, Siliic, do, 4 lbs apiece. L'dc. do, 3W lbs. Piece. LT.c, do 3 lbs aplec". 22f2lc. fol. icd, In bbla fancy dr-pkked. wcUhlng 44 ItiH. and over apleie, 2Uc. do, 4 tin. apiece. S.'iW -.'ic, smaller sizes. 10021c; old rooutera. dry Plckcd. llic; hroillnit chickens, weiuhliiB IVitfl 1 apiece Jersey fancy, 3033c. Virginia. F.inc. 20B28c. other nearby, 25S2ilc, western. .'4Wa6c. turkes, fresh killed. Iced, per lb., western, best here MB 24c, lommon, 2UJT22C: ducks spring, 21 ii22c squabs per dozen, white, weighing; 11 to 12 lbs per down. J4.2r,0.1i do, '0l 0 to 10 lbs per dozen, t8H04.1l, do, do, 5 lbs. per dozen. 2.7nti3.10, do, do. 7 Iba. per dozen. f::.2.-ia2.io, do. .to, (1 to iIVj 1M per """ZltJh'Z'1-' dark' l-002. small and No. . oiJc rt 1 1 3.1. CHECSi; was quiet but steady. Quotatlona: "w. ,rk. full-cream, fancy. June. 24'c, specials hlBhr; fresh-made, best. 2424',4C, choice, 23623WC fulr to Bood. 22lff22"jc. POULTRY I.lvn Demand for fowls was less active, nut the outside flicuro was obtainable for line ''Jtvy stock Sprlnif chickens sold fairly and ruled fu-m. Quotations: l'onls as tn quality. JtWJ.Ic; roosters. lajtKc. spring chickens, not V'horns, plump, jellow-sklnned, welghlnK l'j ).' lbs. Apiece, I6W2S. do, do, smaller sizes, 242.icj White I-Bliorna, Vi!Q2.-ic: ducks, Pekln, llisfl'iic; do. Indian Hunner, ntfloc. do, sprint-, 0Sl21c, pigeons, old. per pair. '.'uff-'Oc. do, youns. per pair. 20S22c. FRESH FRUITS Cantaloupes of fine quality ruled a shade firmer under a nood demand. Other fruits were In fair request at revised prices. Quotations: Apples, nearbj, per hamp,-r, r.oct 9 l.&ci. do, do, Per H-buih. basket, 23c if l.cm.ina, per box, J4W0. rineapplen, I'orto nico, pfr crate, I2.SU 4.r,0 tlrapes, DeUwaro. per k-lb. basket ear lier, ST.cWJl Cantaloupes, North Carolina, Itldaewass. S1Q1.2V do, Delaware and Mary Ijnd. per Jumbo crate, "BcWIlli do, do, do, per standard crate, fiOcWIl, do, do. do. per pony ci ate. -jofflrnnc, cantaloupes, California, 'fur lock, per standard crate, t202.2.1; d, do. do, per pony crate, J1.30, do, do, do, per flat crnte, JllSl.r.l) Teaches, Virginia and West Vlr slnla, per bu'hel basket. Jl'3'2. Tears. IJi'la ware and Maryland. Uartlett. per hamper, $1.75 2.50. Watermelons, per car, J75W2.26. VEGETABLES Choke stock sold fairly and values generally wero falrlv held under moderate offerlnss. Quo tations: White potatoes, K, intern Shore, per barrel. No. 1. J2.."U1i'3 25: do, do. do, No. 2, !1. 25472: do. Delaware and Maryland, per bar rel. No. 1, J2.754f3.2n, do, Jersoy. per i-bushel basket. No. 1. fi3S80c; do, do, do, No. 2. 83CT 50'-: do, per bushel. $l1.25 Sweet potatoes. North Carolina, per barrel. No. 1, ,.",504,25; do, do, do, No. 2, il. 7r,2; do, VlrBlnin. per bar rel. No 1. 51.5003 25: do. do. do. No. 2, 1.75lfl 2.23; do, Jersey, per S -bushel basket, ll.r.fist1 1 73 Onions, Jersey, per ' -bushel basket, 73c ffltl, do, Keaatern Shore, per hamper. ROc. do, Orange County, N Y.. per hamper. JHffl.26. NEW YORK BUTTER AND EGGS NEW YORK. Au. 24 HUTTEn necelptl, 1.1,402 tubs. Market steady. Quotations un changed KC.GS rterelpls, 0287 cases, Market steady Grades unchanged. MONEY-LENDING RATES SEW YOnif. Money on call opened at Z per cent; high. 3; low, 2i ; last, s ; close, 2i33; rullnu rate, 3 per cent. On (rood mixed Stock HxchanBo collateral a moderato business Is reported In the loan market at 3iVi per cent for sixty days, iViOf-i per cent for ninety days, 4 i 1? a per cent for four months, and 5 per cent trading figure for five and six months. On Industrial loans rates run from 5 to 5VJ per cent. Prime bank acceptances are moderately nctlve at 4'4 per cent for Inellglbles and S'i'iTSTi per cent for cllgibles. rilir.ADKLrillA Call, r, per cent; time, 564 per cent. Commercial paper, three to four months, 5Hff0 per cent; six months, b'i'Sa'i per cent. LONDON Money on call was unchanged today at 34 per cent The rale of dis count ln the open market for short bills was 4?i per cent and for three months bills 4 13-16 per cent unchanged. BANK CLEARINGS Bank clearings today, compared with cor responding day last two ears: 19tT lOId 1BH Philadelphia 47.1M.201 m.sm.S.ll I23.BOIU12 Hoston t32.OS8.482 t24. 010,084 JlS.730.ORR New York, .jijsjo.ohi un.nm.zTn ii-'.i.m.u.'l 8t. I.oula .. 21,inH.B4.t in.n.-j7.T ln.3.1,4-.'3 Chlratn . . . 71.560.703 03.28S.ON8 40.054. R21 Baltimore, .. A, 123,251 5,883,1)61 250,590 FOREIGN EXCHANGE NEW YOnK. Aug. 24. The foreign ex change market today displayed continued Inactivity, and the tendency of rates was a sagging one. Rubles. In particular, fell to 20.80 for cables and 20,70 for checks, thus wiping out more than the recent rally. The decline obviously was in relation to the ills couraglng news of the German successes In Russia. Quotations were; Demand sterling checks 4.7565, cables 4.767-18; sixty-day bills nominally 4,72, ninety-day bills 4.70. Frano cables 5.76i. checks 5.77M. Lire cables 7.45i, checks 7.46",. Swiss cables 4. S3, checks 1.41. Guilder cables 4115-16, checks 41i. Fesetas cables 22,60, checks 22.50, Ruble cables 20.80. checks 20.70. Stockholm cables 33.60. checks 33.25. Chrlstlanla cables, 30.60, checks 30.30. Copenhagen cables 30.30, checks 30.10. Bank of England Reserve Bigger LONDON. Aug. 24. Tho Hank, of England ....... 11.1 ua.ir pnmDir.1 as fallows! "' "" "- rri.1. i..i; ... I. Circulation Publla detioslts rrlvale deposits l89.R38.6od 44.1Ul.IMIU 24?. ..127.248.000 Government T securities . . .5.-4M.00O Other lecurttle 'sJ'ISS'nno Reserve Frop. or res Bullion liank rats .'P..VW to llab. 10.00 54,151,710 ........ 6 140,044.000 45.510,000 120,958,000 56,541,000 101,075.000 82,040.00$ ia.DH 58,833,orM5 OK Ton T.ATK FOB CIHSITIOATIOK .ffyTKp-MAMr ;.si GOVERNMENT'S LOCAL MARKET REPORTS Thta doity report la tent out bu the Bureau of Markets of the United States Oe pnifmeiit of Agriculture, Philadelphia branch, icith headquarters at SOO-ntS In surance Vxchanoe Building. Bell Tele phone, Lombard 777. FRUITS API'I.KS, nearby, per -bushel basket fs.n l.vrtV. V"M- xVnifplekfd. 76cOtl?2D!0tpoor" 1.hoANANA8, rcr bunch (10'12 len). $1.20 8Si''loA.CKnnnIUE3' p'r """' New Jeey. .A..A",y?i California. Turlocks. one). per Jumbo (4.1 . v mosuy iu nearby, per H. bushel basket on1!.")!8"?.'' S""" eull, (20-SO (small mcl- IrllJ; ii Fowi l.ai?iKrB-. per -hk crate, tariVhe! sXi'ts. ,,'b,rt inostly tl.tio, other VHi.i"ii ,'w'-3?j.ll-iuart baskets (7 quarter rt.cKI,.,J'"."-uS,J00c' K'bertas. eOcOllj ne"r min.'rAWh,."k't.(8 nuarter Peck.;. Car-m-ns, 3ii76ri Champions, S0cWll.S5i C11II f?.n. .!". .'. t'2-100). KlbeVtas. 45JOc: tii.i, ' d''"', .ii. l-' , prr Jju"hel hamper (14-15 nuarter perks). Seckels. Dollwaro. tl. 7502.2.",. western ",y,1l't01l-,.1-i:5). Uartlett;. M.iota.SO. r"' rl.U.Mfl. nearby, per i -bushel basket (S-n ?e4,YeVdi,7k;)o.,! " ; '"'nl. auctioned WATKUMI!1.IIV HAM 'm eAArtAM. &. J.r".!'-..rerl" melons 15035c each" uiia.m i.m, auctluned ieslerdav. I-.III...U f" rirr?i(.l.s-,?.,!,0.:::il); el-luff' 2 H5.7I4-IS dozen) in. I-.- 1 ' R.uc,.'.nn.e,'ly.,'!!t'r'1"' California, per LCO iiazm)- l-03tf4.-,5: (.10 dozen). t4.0O vnoKTAiii.ns TirjANS, nearby, per ".-bushel basket (9-10 ,,u?,y?.F,k, Rreen. tlBl 75. a. 75c0tl. J!t';.v.ft'rblr-J'er bunch. 3U3p. nSAead,lO,l5Jr30cby- "" l- "" C,V,K!t.rs. nearly per lumt'i. lj LV. 'i1 .'.'i''. "' Vork nn'l New Jersey, per bunch 0; stalks), 2()iti:')c COIJN. n-nrby. per H -bushel basket (3j-44 dozen). 30 f 50c o'i:.C,'-M",,'1i!i 'arbj'- ser l -bushel basket (50.(5 cues), 25 30c. ms'SIP V'ANT-?i4;,'iirb'' rer i -bushel basket (15-1H plants), lilfrsSc 75c'Iir73:E' NeW Vork tT box (2'2li d0n n '',1,,A "BANS, nearby per i -bushel basket (S-li) quartsr pecks). 11.2381. 50. UMONH, Ilaatern Shore of Vlrelnla. per hamper (50 lbs.), OOcWUi nearby, per 'bushel baskst (80-33 lbs.). OOciS'tl. PEPI'nns, nearby, per H -bushel basket (8-10 dozen), 15(f25c ,. rOTATOKB. nearby, per i -bushel basket (31 riT'1' v quarter pecasi. tUKfeoc; .o 2. 41)0) ,uu iamrrn onore 01 Virginia, per bbl quarter pecks). No. 1, t2.50(iJ3.25. No. : SVKKT POTATOES, nearby, per K -bushel basket (10 quarter peeks). No. 1. t1.,3(Bl 75. cu Is and No. 2, i)ctl 25. North Carolina, per bbl. (35-40 quarter perks). No. 1. t3 5094.50: i". 2. tl.25W2. Kastern Shor or Vlrclnla, per bbl (33.10 quarter pecks), 1105 23; No s, t2T2 50 SQUASH, nearby, per -bushel basket (20-23 aqua ah), 15fl25c. tomatokh, nearby, per ', -bushel basket (7- .ucirii; extra fancy, 11.25; (35-40 tl 30 10 quarter pecks), culls. 3"lff56c. irnNlPH. per -bushel basket (S-0 quarter pecks), yellow 50c CLOSING LIVE STOCK PRICES CltlCAC.U. Aus 24 HOC18 Receipts, 0000 head; tomorrow. H00O head. Market dull. II lower than yesterda's aerace. Hulk 110 27 HT17 30, llarht. inwi7.40: mixed. tlil17.60; licaw 15 (10317.30; rounh, Jia.OOOlO 70 CATTLK Ilecelpts, 5000 head. .Market stronit, top, 113.50. . SHDKP rtecilpts, 6000 head. Market atroni, til. 10. Lambs, M0 S3. SOUTH OMAHA, All. 24 HOOS Receipts, 6000 head Market 30n to tl lower CATTLC Receipts. 300 head. Market steady to strona-. SHCBP Receipts. 700 head. I.amba slronu, 1015o blilier. Some 25o huther than early jesterday. KANSAS C1TV, Aup. 24 CATTI.K Re- eclnts. 1MI0 head Market steady. HOOS Receipts, 1600 head. Market 50ct?tl lower. SHUEr Receipts. 100 head Market steady. CHICAGO BUTTER AND EGGS CHICAGO. Au 24. nUTTKIl n-ctra, 41tc extra firsts, 41c. firsts, 3ntfr40tc: secomli, 37S rf3S',4c: extra to aroeers prints, 44sc, tubs. 43'nc: packln stork. .S1if33,1c. KOflS Firsts. SfHtB.-!7c. ordlmry firsts, 31'j W34'4c; miscellaneous receipts cas-s Included, 3Haf8HV4ei dirties. 20Oc: checks. 18ii2.1c; extras to crocers tillers, 38ic, cartons, 3S)tzc. Bar Silver at New Top Again Bar sller continued to advance today, reaching new high recoril prices for this movement, both In Xew York and London. The prices arc the highest since 1892. Comparisons follow Mat 10)7 Today l.es. l'rl. Hlch. Low. New Tork (rents) SH4 (!a' ssu 71 s, London (pence) . 44'4 44" 41 44'4 35H More Gold for Japan XCT' YORK, Aug 24 -The Subtreas ury has transferred $1,561,000 to San Fran cisco on account ot exports of gold from that city to Japan. There has also been withdrawn $300,000 for shipment to Chill, Bank of France Gains Gold PARIS. Aug. 24. The weekly statement of the Bank of France shons the following changes, figures In francs: Gold on hand increased 2,465,000, fcilvcr on hand de creased 96,000, notes In circulation Increased 9,743,000, treasury deposits decreased 62, 558,000, general deposits decreased 50, 358,000. bills discounted Increased 114,346, 000, advances decreased 2,610,000. Banks Gain From Subtreasury NBW YORK", Aug. 24. The New York Federal Reserve Bank has a net credit at the clearing house for the week. Including today, of $122,000,000. The banks, making allowance for $3,524,000 transferred to San Francisco, made a net gain from the Sub treasury up to the close of business yester day of $1,742,000. Russia Given More Credit by Uncle Sam Continued from race On eer, specify Just how or when they will be made effective. Lansing today mado public tho Govern ment's reply to Foreign Minister Tereschenk. Transmitted to the State Department by the Russian Government several days ago, the note addressed to the Ambassador follows: "t have the honor to acknowledge the receipt of your note of the third Instant In which you transcribe a communication from the MlnlBter of Foreign Affairs of Russia to tho Government of the United States. "Tho translation of that communication has been furnished to tho President who ln full appreciation of tho task confronting the Provisional Government of Russia In reorganization of Its forces, and of the energy with which the Government Is endeavoring, In tho face of disloyalty and enemy - Inspired propaganda to up hold tho good faith of Russia, welcomes the ansuranco now given by the Pro visional Government of Russia of Its Intention, of which tho President has had no doubt, of being deterred by no dif ficulty In pursuing tho war to a final triumph. No less gratifying to tho Presi dent li tho announcement by that Govern ment that, like tho United State-, Russia consecratei all Its forces and nil Us re sources to this end. "With the tenacity of purposo moving an tho Allied Governments thero can bo no doubt of tho outcome of tho conflict now raging. "I ask you to be so good ns to give to your Government renewed expression of tho President's deep sympathy with them In the burden thoy haa assumed and tn tho obstnclcs they have encountered, and arc encountering, and his confidence that. Inspired and Impelled by their patriotic ef forts nnd guidance, there w-lll emerge from the present conflict a regenerated Russia founded upon those great principles of democracy, freedom and equality, right and Justice." Further Indication ot the enso with which tha Germans are said to bo sweeping every thing before them Is contained ln reports that Hlndenburg already Is bringing men back from tho eastern front to bolster up the German defense against tho British aim rrencn onves in tno west. At tho Russian embassy today officials declared that tho confcrcnco at Moscow tomorrow will find tho Provisional Govern ment on an even heel, and Kerensky with a good grip on the helm. The purpose of tho conference, It was pointed out, is to crystallize tho national purpose. Some Cab inet changes may be made, it was admitted, but embassy officials ore confident tha gen eral effect of the conference will be to stab ilize tho Government That Russia will fight on not collapse was the general ofilclal view here today. Granting ot a loan, ships and supplies to her by the United States will havo tho probablo effect of composing difficulties, forecast ln recent confidential advices from Ambassador FranclB. This aid Is immedi ately avallablo ns a result of jesterday's Cabinet conferences. Tho Francis advices, gathered from the Russian Government, pointed to the possi bility of Riga falling, and also to the fact that Internal political troubles, as well as the military menace, might force removal of tho capital from Pctrograd to Moscow. Today tho State Department expected to address a note to Minister Tercschenko In an encouraging vein This message, along with the aid voted, Indicated that this Government has confi dence In the outcome. So long as collapse Is not a certainty the United States stands ready to assist fully in establishing Russia effective against Germany. -X PETROGRAD IMPERILED BY ATTACK ON RIGA LONDON, Aug. 24. The Allles's eyes were turned to Russia again today. Gormany was dtlvlng power fully toward Riga. A number of Petrograd dispatches, admitting considerable advance ln this offensive, suggested the possibility that the Government would move from Petrograd to Moscow Petrograd is less than 400 miles from Riga, and the Baltic seaport Is one ot tho key cities to the capl tal. All Russian advices characterized the front situation as grave, but not necessarily without hope. Sunday's conference of all political fac tions In Moscow Is looked to for energetic action. Russia's whole internal and mili tary situation will be discussed. Military chiefs will bo there to report In person. So will all Cabinet heads. The direct purpose of the gathering Is the formation of a coall tlon government, which will accurately rep resent the whole people and which, by this power, will be able to extend its Iron-hand methods to sweep out disaffection in the army as well as at home. A former resident of New York and Bos ton. Vladimir Llchakoff, Is leading the Boi shovlkt (pacifist) campaign against Premier Kerensky and the Government, It developed today. He was reported to have assumed the presidency of Bolshevlkl party. Llcha koff is busily agitating against the Sunday conference, ills roilowers constantly ?uaru him with heavily armed men. American Gunners Sink Giant U-Boat Continued from Tare One there has been no official announcement made. Tho steamship was a day and a half from her destination when a torpedo 1812 1917 THE Pennsylvania Company For Insurances on Lives and Granting Annuities. TRUST AND SAFE DEPOSIT COMPANY 517 Chestnut Street, Philadelphia. Broad Street Office, Chestnut and Juniper Streets. At the Close of Business August 21, 1917. RESOURCES Cash on Hand and in Bank $5,877,566.85 Loans upon Collateral 23,620,127.31 Investment Securities 5,382,139.40 upRprve Fund for the Protection of "Cash Balances in Trust Accounts" 5'813,367.66 Real Estate 'Ha'S? Interest Accrued ..,. iS'iilw Expenses and Taxes Paid in Advance 4Mnr'i& Miscellaneous Assets 81,105.05 $42,684,103.46 LIABILITIES Postal qtock $2,000,000.00 MIS ::::::::::: fy&llil Interest Payable 'So!! Miscellaneous Liabilities J $42,684,103.46 TRUST DEPARTMENT Trust Funds ?229,214,829.64 Corporate , TtuU 285,009,971.10 Lk ' C. S. W. PACKARD, 1m'7:&JpZwii&X&r Ttwr. -t,tV -vtJg. -ft W!!5?fr' - ,' . r . .s. 1. i - . . . " L i.A4Jiti..,iia.ji , a. . , . . ".-.. Vji.y C. S. NEWHALL, Txeaiurtr. ( 'fcfcate m ikt.." .'fjj-ccv showod up fifty yards to tha starboard and passed a few yards In front of the ship. A running fight began, In which the ship's gun crew fired fifty shots and the submarine fired thirty-five and discharged at least two torpedoes. Kntente destroyers camo up and the sub marine submerged. Owing to the fog It had been Impossible for the liner's gun crew to hit the U-boat, The destroyers brought word of other U-boats In tho vicinity, bo the liner went Into hiding for two days until the sub marines had been driven off, HAS DKSTHOYKIl CONVOT Tire ship kept up her zigzag course all the afternoon and night and a lnrgo part of the next day. Some of tho destroyers stuck to tho liner acting ns a convoy vhllo others cruised about looking for submarines. To ward the end of the second day all the destroyers had been put to chasing U-boats nnd two American destroyers appeared and accompanied tho liner to port. Pnssengers of the liner said they were alarmed all tho way across tho Atliveitlc by rumors from time to time of tho presence of U-boats on this sldo ot tho ocean. They said the precautions taken near the Ameri can coast were nearly ns great as when approaching tho Kuropean coast. On board tha liner which bt ought news of the nttack were survivors of two other American vessels, which were attacked by submarines. One of them, Kratik Davis, was tho only survivor of tho sinking Asian, which was torpedoed nnd sunk oft tha Urltlsh coast on July 17. "After tho Azlan sank I drifted nbout on n pleco of wreckage," ho raid. "The submarlno passed closo to me, on tho sur face, but tho commander refused to let his men pull me aboard or give mo any nsilst nnce. I floated around In the water for several hours before being picked up by a Urltlsh patrol boat." Captain MncDougall, Chief lloatsvvaln Ham. Third Oflicer IMward Srhaeffer nnn Clarcnco Hdwards, wireless operator, and most of the crew of tho American tanker Navajo, which burned at sea early In July, nfler a battle with two submarines, were among today's passengers. They were ron. fldent that ono of the U-boats was sunk In tho tight. Five members of tho crew of the Ameri can steamer A. I). Sherman, which was torpedoed on July 26, vere also brought homo today. They said tho submarine commander or dered them Into lifeboats, and then boarded tho Sherman and removed all the provisions he could carry. After sixteen hours In tho boats tho crew was picked up by a British patrol vessel. ,tV 3L Allies Sweep Ahead; Foe's Lines Crumble Coiiltnueil from rase Ono Of the fighting elscwheic on the French front the War Office said: "In the Champagne sector, at Soualn and St. Illlalro, a French raid destroyed parsing apparatus. "Kast of the route from Ksnc to Bethln court the French assumed the offensive and enlarged their positions." A dispatch from the front, referring to the previous fighting at Dead Man's Hill, says : "Dead Man's Hill was nptly named From where tho former French line was that Is, half way down Its slopes, ahead to the sum mlt and beyond every Inch of the ground Is soaked with blood of German defenders. Tho place is a shambles. Not a bludo of grass or a vestige of vegetation marks the awful scene. Bits ot human flesh have been ground Into the very soil Itself. It Is as If somo gigantic convulsion had ground tho earth together, leaving a smear of red dish, tinged dust. "A few hundred yards down behind the former French lines wild flowers bloom profusely. Their colorful blooms bring out even more horribly tho track of death above. "The French victory at Dead Man's Hill Is a monument to tho devilishly destructive and accurnte new French artillery. To render Dead Man's Hill "Impregnable" tho Ccrmans had constructed three tunnels. Ono named the "Crown Prince" traversed tho hill ; another named "Bismarck" connected tho two summits, and a third, "Corbeaux," ran under Goose Hill. French 400-mIlll-meter shells pierced each tunnel. "In tho Crown Prince tunnel alone were found tho bodies of moro than 100 dead Germans, the victims ek tiira ala When tha French first warmaAin took 700 Qerman prlon"tr. from th 1 "In Corbeaux tunnel tha Wrnrtt, entire Qerman regimental' staff, irllli maps, papers and material. .a-1 "One thine General Pershing-, who i ucaacu iiim particular assault, partravl emphasized was the work of ihH French guns. He snoke nsrllciilariv . It to General Corvlsart. whose troWa9 the assault later." m Tha same new tactics by which1 French artillery, as in iH -.. e.i Man'n Ttltl. nr bKIa tn i.i.. ... ... flcult positions With Inslsnlfleant t.. now being taught tha American army??' I.,.. """'" n me summit of inn, 1 now vne roncn gradually adyai right and left ot Hill 304. nr, tha l.fe of the Meuse. This rldga has not yet' t-uiniJiciciy cupiureu. uver our heads ( were constant aerial battles. German men constantly strova to hover im to send splashes of machln-gun fire on it! iiuiuiiuua roiius. irencn nyers fought . J-..,,..., i uing uiein dick. Bomet mo name ragca only a. few hundred niou. jm "ft wna t,Mit...t. ...-.!... .. J:,H;-1 -- .... ..uw....j caiuu, I3HCU igutj- jn prisoners that n French battery firing points behind the Qerman llne hH .in a huge depot of enemv cfceila MjT In exploding, asphyxiated the entire crawiiV of threo batteries. The b.itteHn. we af.V that moment flrlnc? the t-n Bi.Aiia ...i.., the French." " ' " " ""?,, From other sources these facts, of German ,, slon of six regiments three whole reg imntjk (nearly 2000 men) w, kiiieri urnni. .J... prisoners. Ono German battalion whlto.s&Vi being relieved 1am, twr...Mr,t M i- .... j-v.v'fi.v .-- lives (approximately 400 men), V - t.Vr. n..1!.. ri-. a .. . -'MV17 juiiiii ui-ji-cis vrgcniina's Demand var". V.l?nrr.tl A.. m . . . . r. SrSjl -".;. "b. .1. announcement comtf '.TjE from Berlin that tho German Governmaat i hl' iihs uecunea 10 conceae tho demands In OwK'51 Argentine noto for compensation for UJ V torpedoing of an Argentlno ship; alio tht.trJ uermany pledges herself to abstain frofci. - ri torpedoing Argentlno vessels henceforth.T$VV The poislblllty of nn amicable settlement.t? Is not excluded, however. . f i'i, ,. , .. . ... ,KX -hcmco may tiei export Advantage ..' Washington, Aug. 14. A conferenw ;V TiativeaM Vnnna f MaPahmUI. u.j .i . v if id the Exports Advisory Council, and Lon laI-ra u. viwiui.1, unci ui mo uiviaion ol jtioxiCHjl frt'XJ-. aiiium oi no oiaio uepariment, lea to ttt 'dftSr belief that the Administration In coni.dTCHVt4 inc a moro liberal policy reipectlnc export' OTfi? 10 ""'co: (,51 Goes to Officers' Training School JfMf- .1 1 i.iv.n i iu V.I1I, jub. a. vviiuam ? Plinrllnn n ..nr,i Inw... .1.1- ..I... ..a' TT v..... ..ft., juunh ."jtt hum wij mil , l'.V ' ii lunner rcsiuem ui I'niiaucipma, n&S n It 'I gone to Fort Slyer, Virginia, where he will l.ffiP, 1 tnko the oltlcers' training course. 8TATKMEXT OF THE l.tJ.-T As. Drovers and jmwt fii i i tv i; ia iviuri'n'jnii.' rv'jnir ',v .-. v.. 3014 MARKET STREET f;1 at the close of business. August 21. 191T t,1?Wl "4 -A RESOURCES , 'Sr. Cash on Hand and in Bank.$145,203.Vr' sM, Stocks nnd Bonds 10G.600.75 n "v.' Loans and Discounts S14.994.70 hj't. Tihortv T.nnn RHfi 'flfl ' ?5r Office Fixtures 700.00 x.V.A $568,384.02 441 Capital Stock 5100,000.00 '2SV Surplus and Undivided ' &M Profits 13.95S:i2wi LIABILITIES Profits Deposits 13,958.1221' .80 .?. .... 454.425.90 JrK't $568,384.02"' m, ?j& 8AMUEL (.itAIIAM-. JR.. Prenldent FRANK r. CLARK. Flrat Vice Freildant' C1IAH. IV. ICAL1115MAN, Seeond Vic Fret. IIIINKST K. FATTOX, Ca.hler i CONDENSED STATEMENT FIDELITY TRUST COMPANY - PHILADELPHIA at close of business August 21, 1917 RESOURCES Cash in Office $1,629,445.98 4,384,546.1 1 16,443,079.24 6,613,300.00 2S.790.147.43 870,387.65 245,697'.37 Cash in Banks Time and Call Loans Mortgages Bonds and Stocks . . , Real Estate Accrued Interest . . . $55,976,603.78 LIABILITIES Capital Stock $5,000,000.00 Surplus Fund 16,000,000.00 Undivided Profits 1,688,478.84 Current Income 73,602.63 Miscellaneous 39,516.24 Deposits 33,175,006.07 $55,976,603.78 Amount of Funds Held in Trust $214,526,990.80 WM. P. GEST, GEO. H. KYD, President Treasurer THE REAL ESTATE TITLE INSURANCE AND ' 523 CHESTNUT STREET TRUST CO OF PHILADELPHIA At the close of business August 21, 1917. RESOURCES Cash on Hand and in Banks $1,147,521.43' I Call Loans with Collateral 2,288,259.83 - .- i .i "ii-..-1 o onnna'.l lime ioans wiui touaicrai ti.ouu.uwi Loans with Mortgages as Collateral 221,748,14; Investment Securities Owned 3.646,669.19'' Real Estate, Furniture and Fixtures .'.... 451,236,14 'J Miscellaneous Assets i,ow,9v.i Hm.fi .j " i LIABILITIES Capital - Surplus and Undivided Profits ....... Deposits Miscellaneous Liabilities ....... $7,998,733.79;; - w $1,OOO,OOO.O0J a,BC,USM 5,112,9i7 - n 3,997J ffM,?.! Trust Funds kept separate and apart from -v. Assets of Company t. ..,.... . .917, . C--.rLiiuijti EMIL ROSENBERGER . b:j a-.U'ir - .: Aifi. V nOaHaaa,'! HatVlKl .ti .V'M.S-J!flL,I?iJBa" t'.i illTawirilall v IP.vtfV.. ..
Significant historical Pennsylvania newspapers