( . .11 'V ' , ; ," w$irwv;& "..'w ",r " f ' 'EVENING, LEDGBRPHILADELPHIA, v .efV-yJ PCOPniKlnMK'' 'i'tiw- " w fl , ."' u 'iJU , . J. t&i ; "-'. -'lU - j.'t SATURDAY, AUGUST 25, 1917 . .w'k ' o, iwvw??'-: la $ . u. REILLY, IROCK CO. MNKCRS .v,' tv SHORT TERM PUBLIC UTILITY NOTES DUE 1(17 AND tS TO NET TO 7 DETAILED OFFERINGS ON REQUE8T MC CHESTNUT STREET ritfiaDEM-IIIA FINANCIAL NEWS-NEW YORK AND PHILADELPHIA STOCK QUOTATION CONFIDENCE IN SECURITY MARKET ' INDICATED BY ABSENCE OF TRADERS Stock Exchange Almost Deserted and Few Customers Are in Commission Houses Bears at End of Resources High Points in Today's Financial News Many traders were absent from Stock Exchange and financial district, and trading tvas small both in New York and Philadelphia. Strong tone on Broad Street Curb. Grain and cotton lower. Improvement vl Russian ana French exchange. Average and actual loans decreased in New York bank statement, while surplus increased. Dank clearings of country showed an other increase. liar silver unchanged. m ft? eft Af m Our Current Investment List contains fifty-one at tractive securities bonds, notes and pre ferred stocks yielding from 5 to over 7. Maturities of from five months to ninety-nine years. Writt or rati for Hf, No. IIU. Bonbright & Company nonius wisTAn stroud, Jr. Jtanarer 437 Chestnut St., Philadelphia Vata. m. ... New Tortt London Boston v.rla Chlearo Detroit NEW YORK, Aug. 2S. Thnt nearly nil tho Important Interest nro perfectly confident ubout tho security market situation was ngnln clearly Imlirntcd liy the pronounced nbsenteclstn from Wnll street today. Tho Stock Exchnnge was almost deserted, nnd thero were few customers In the leading commission house offices. This, situation was similar to that which has prevailed nil through the last month on tho week-end half days, but tho bears seemed to have como to the end of their resources and the only stock which they wero disposed to sell was Dothlehcm Steel "IV Thoy met resistance, however, In that lsue nnd, although It declined from 111 to 110 In the first hour. It was not Ions before accumula tion by stronu Interests carried its price up to above 111. 'United Stntcs Steel common made a fractional advance, with n broad de mand, from the opening, although Its movement to higher flguroi was confined within n comparatively narrow range, an ndvanco of V4 being made to 121, with n slight recession In the late trading, when the market became extremely dull. Texas Company and Great Northern Oro both made gains of moro than 1 point, but Industrial Alcohol continued on the down grade, being In supply to tho same extent that has been In evidence since the dividend on tho stock was declared. Copper stocks ranged slightly under yesterday's final prices. Tho bond market was unlet, with llttlo change In prices In any of tho Important Issues. NEW YORK STOCK SALES Allls Chalmers . Am n Sugar . . . Am Cjin Amer Car & Fdy Am Int Corp . . . j Am Cotton Oil ltlxh 27 89 4478 73 87?'. 3T Am Hide & L pf. 01 Charles J. Bender & Co. INVESTMENT BONDS Members Philadelphia stock Exoi.anie NORTH AMERICAN BLDG. LEGAL AUVEttTlMKMENTS 5S ESTATE Oi" ANMJi M. -'" ceased dot eatate FII WILSON. DE. ' Lettera teatamentarr nn the havlna- been cranted tn THK PItOVIDENT LIFE AND TIEUMT COMPANY or PHILADELPHIA, all peraons Indebted to me eaia ciuia are requeatea to maite payment, and thoaa having- clalma to preaent the aame. without delay, at tho office of ea)d Company, 409 Chestnut at., Philadelphia. ASA S. WIND. Prcalflent. tSS KMT AT K OF MAIUI4RKT MOKKIS E MOON, Decerned Letter, teatamentary en th above estate havlnir been sranted to tub pnovmnNT lifh and tiuist com pany OT PHILADELPHIA and MART A. OILOT. all peraona Indebted to the aald eatato an requeated to malts payment, and those bav ins clalma to preaent the aame, without delay. ttt th omce of aald Company. No. 400 Cheatnut L, Philadelphia. ASA S. WINO. Prealdent. DIBECTORV or ACCOCXTANTS Certified Publle Areeunlanta LAWUKNCn n. BROWN A CO. 181S REAL ESTATE TRUST 1IUILD1NO mVESTlOATU A.ND ADJUST PAUlNKll.-tlflP, CORPORATION AND DISPUTED ACCOUNTS v BURNH ft 8PPAKMAN v THE nounsE NEW YORK BANK STATEMENT Decline in Average and Actual Loans. Surplus Is Larger NEW YOrtK. Aug. 25. -The Xcw York bank statement for this week shows a falling off In both average and nctu.il loans nnd Increases In tho surplus. Net demand deposits In the actual statement gained 161.179.000. Details follow: avkrach: Loana f.l.HlA.SLi.noo ; demand (iepoltaJ3,.1L'n,w;,0(M) rc.tiiii.iHiii Not de Net tlmo depoalta,. circulation ,.,,,.. Caah Jn vaulta .... Reaerto of member banka In reaerxo banka , Seeerve In Htatn banka and truet rompanlea depoal-torlea Areiate reaervo Je .to.tm.i.nim tST.lUtl.lHXJ 370,9U.n(lo as.un.ooo SII7.A7S.INHI 4II1,4'J(I.170 70.1M.SO0 Inrreaae f. 14. mis, lino n.i77,oiio l.KSi.oon ann.nnn 3,U4.(JOI) 8.772,000 n.nsT.ooo H.niK.iHii) n.iH,srii) 10.H39.75U eaerve peotilrerf 0UrpiU8 Deereaae. t United Htatea de poult deducted, 1170,084,000. tspccl Included. (170.1102,000 ACTUAL Loana M, "07,11110,00(1 Net (emand depoaltata.SSO.noii.ooo Net time depoalta.. 20. 1011,0011 $22,422,000 (ll.17D.noO 2,043 000 13,000 2,031,000 Circulation .lo,7i)0,poo Caah In vaults..... SMI.Il'O.ooo Tteaerve of member Banka In Reaervo banka Reaervo In Htale bank and tru't company denoalto- rlei R2.7.in.flOO Ateretate reaerve,. Ml.1,4110,000 Keaervo required... 401,713,000 Burnlua . QSa77n,!)20 Decreaae. tUnlted States depoalta deducted, llfl,5.'i5,000. Specie Included. - OUTSIDE RANK STATEMENT STATE RANKS 303,281,000 '1O.S24.00G 22,m.1.000 7Rn,opo s,4in,o7o 7.070,07,0 Invntmenta bank Il31),2!4,4n0 31,084.300 10.030.800 22.3m.nno R4n,i8R,nu 101,603.30(1 23.3 Loana, Cold . Currency, notes .i. Dui from Federal Reaerve banka Depoalta lYeeerve on depoalta Percentage of rea.. TRUST COHPANIES Ioana. lnveatmenta.il, 857,310,800 Oild 141,381,000 Currency bank .... Dina i.,bvu.suu 18,130,100 .21S.O7.70n 881,470,800 Decreaae. J2.323.noo 1,470.300 030,300 2.007,000 lO.R.IO.ROO 721. SOO 17,312.100 1,722.200 '-V.f, Cue from Federal 8?;: f" 890,200 483,300 11.807.400 4,H8S,COO 3 A . , Reaerve banka nABlta ......... Reaerve on depoalt. Fercentare of rea.. BTATB DANK8 AND TRUST COMrANIE9 NOT REPORTINa TO CLEARINO HOUSE f.n. lnH(mnti. 1848.R4A.R0O Gold oe.Bie.8oo Currency bank notes .89O,0O Federal Reaerve . . . banks 4,300,000 Total depoalta .... 1.088.244.800 Nit depoalta..... R4.080.0O SeeerVeon depoalt. 214.443.o5o rercentaare of rea.. 27.5 Increaae. j $1. 747,200 -tai, uuo 37,700 300,000 0,098,700 1.441, 000 2,481,31)0 .4 . FOREIGN EXCHANGE i v NEnT YORK. Au. 2B. In the early deal- Inrs In the forettn exchange market today .iJtench and Russian exchange Improved and h Italian exchange showed a steadier tone. "eandlnavlan and iterllng were well held (& ''Without Quotable changes. 'j. Quotations were: Demand atening cnecxa 4.76 e-ic, caDles 4.1 T-'I; lxtr'-fT Wlla nominally 4.7, bllla-4.70. - JffMM 4i1.6.7, check C.77H, - )Uref 7.45. check 7.4. wifeM , check 4.43. ;4l,hk)-4llT. .fjew ,, -tracks e2.0 eeeeeeeeeelB.K B. eeeeeeeeiaeeeeeet' II .JaUaau' -- C.u. w. -'. ' ri ; km ; - ' te& Am I.lnsccd Am Loco Am Smelting . Am Sum Tob Am Sugar . . . Am Steel Fdy. Anaconda Cop. Atl C-ulf & W do pref Baldwin I.oco . Bait & Ohio .. Bethlehem Steel 0 . 07 .lOO'i . 10 .118 . 07-n . 74 107 . 02 . 'cnVi . 084 .113 Low 27 80 44 73 37 Tf, 33 04 20 07 00i 48 118 07 V 73 V 100 Mi 107 02 02 03 OR-tt 08 08 113 113 Net chire. Clo 27 so y 41 73 37 7i 35 l'.ii 01 1 20 37 Yi 100 48 1 118 07?i 74 14 Y, 2 do pref 11 111 110 111 Brooklyn It Tr.... 39 59 30 Burns Bros 00 Canadian Pacific. 102 Central Leather . . 88 Chandler Motor .. 81 Chcs & Ohio SO Chi Gt Western., lou Cerro de Pasco... 33 Chi Mil & St P... 07 Chi It I & Pac . . . 30i do pref 6 p c . . 04T4 do pref 7 ji c. . 61 Chill Copper 18 Chlno Copper .... 31 Vi Col Fuel & Iron.. 47 Corn Products ... 32 Crucible Steel .... 78 Cuban-Am Sugar. 31 Del Lack A W...200 Domo Mines 0 i:ikhorn Fuel .... 28 Erie S3",', do 1st pref 33 General Motor ...112 Gt North Ore ctfs. 30 Inspiration Con .. 54 Interboro Con pref 55 Internat Taper .. 31 Int Nickel 37 Int Mer Mar t c. 33 do pref 00 Kan City Southern 10 00 102 88 81 50 10 33 07 20 63 03 17 S4 40 82 78 34 200 0 28 28 35 64 55 31 37 32 80 10 00 102 88 1 no io 33 07 30 1 34 2 03 .. 17 T. V .14 1 4: 3215, 78 31 1 200 1 0 28 23 33 111 112 34 80 1 51 35 31 37 32 90 10 Vt HlKh I-ow Kennecott Cop ... 42 41 I.neka Steel .... 80 80 I.nhlgh Volley ... 01 01 Max Motors 32 32 Mex Petroleum .. 05 95 Miami Copper .... 30 30 Mldvalo 50 58 Missouri Pacific .. 31 80 do t c pref .... 63 81 Mo, Kan & Tex . . 0 8 Con Cable 34 33 Nat Knamel 41 41 N Y Central .... 81 83 N Y N II & II.... 31 31 Ont Silver 0 0 Ohio Gas 52 01 Penna It It 82 52 Pitts West 28 28 do pref 03 63 Pero Mrfrquette .. 18 18 Pressed Steel Car. 07 07 Hay Cons 27 20 Heading 88 88 Republic I & S... 87 80 do pref 102 102 Cloeo 42 80 01 33 05 .. 30 50 30 ai o 34 4- 41 81 31 0 52 62 28 08 H Net chge V4 V H 1 V V Yt ;-i 07 1 Seaboard Air Line 11 11 94 27 30 41 62 0 88 87 102 11 94 27 30 41 Vt Southern Pac .... 04 Southern Ky 28 Sinclair Oil 30 Sup Steel 41 Studcbaker 52 62 62 Texas Company. .170 178 170 2 Texas Pacific R R 17 17 17 Tobacco Prod.... 78 77 78 Unit Alloy Steel.. 43 43 43 Unit Cigar Stores. 12 123 124 1 U S Undl Alcohol. 130 130 138 L'n Rwy Inv 8 8 8 U S Smelters .... 01 01 01 U S Steel pref. ...117 117 117 Utah Copper 102 101 102 Utah Sco 17 17 17 Wabash 10 10 10 do pref A 40 40 40 Wcstlnghouso Elec 47 47 47 West Maryland .. 18 18 18 Willys Overland.. 31 31 31 4- Wilson Co 63 02 63 1 ..rl sales. 100.300 share, fompnred with 438.000 almres eterdayi thus far this week. 2,8.18.800 Khurrai tame period ln.t eek. 3,277. 700 aliarea. .... INACTIVE NEW YORK STOCKS Following are quotations for inactive New Yorlc stocks and In which thero wero no transactions today. The price given Is tho last provlous sale. EJa Co 3. 'A'Mee-Arrow or.! 8? Pitt." Cs?i' "' "' 121 Uuckallver ..... ii Oulekellver pf. J2 t,sri- ! BadlS?.It- !L"i Mti..i ..:' ' Adama Eipreaa ..115 Advance Rumely. JJ do prf S,L Alaaka Juneau... Alaaka Oold .... ' do prof . An 8 fc Fctfa..l02 doctfapref,...?!, At&TC'ribVenV.M Am Can Pre,, j J Am . ----- -., us 13U 13 63 H Id 'Vi 03 14 09,, 113H 09., II 118 do pref 23U CM & N W 1U7 Col k So let Pief 35 do 2d pref 48 romp Tab 81 Cluett-Poabody pf.110. C JI & St P pf..!!"!' Col & South 27 Con O 15 L 4 P. .113 do pre'. 112 . Con Int Cal Mln. 17J4 Continental Ina.. M'i Corn I'roducta .. 07 UlllU'l p... 70 Cruo Steel pref.. 100 Cruo pref 10(1 Cuba. Am Sugar.. 105 do prer 10714 na.U A pref.. 0., neer Co rref...innH Den & Itlo (lr Den & llln tl Pf.. lb Detroit EdHon...l2.'. , Distillers Sec .. 27'i Klea htor Hat... 58U l:rle 2,1 pref, 'Jllli lien ciffar Mtorea, "4 lain Gen Electric Uoodrlch pret no j at pret do pref Am Express .... Am H i 1' Am Ice fieo .. Am Ice Sec ore. Amer Loco oref Am I.lnaeed pf Am Malt do pref ... Am Smelt PI do Pref A. ... do pref 1 . . Am g and L J." aIS Sumitfa pref , . " neiiniin lwnu Am Tel , Cable. . oen Motor pref Am Tel Tel.. UA (loourlch Am T fc 1 l'",n? Am Toll Co Pf nv0,3it AS writ Pa pref Amer Woolen .. a A&raSaYpr..;!,. Aaao Oil ,0V Atl Coaat Line ..1 Atchlaon pref ... Am Zlno t.. -;, Atchlaon J J ' Uarrett Co lu do pref ..... l"a naid ico pf... "; Brooklyn Un Una. I"'; Rrown Shoe 71 Hutterlck , . J,' it Ii ft O pref ... 0SJ4 yth Steel pref 118(4 ilutte ft Hup . . . '. California I'ft . 2(1 do pri'f 4I Cal Oaa 41; Cent Fdy Co 34V do pref 62 rent So Am Tel.llRUj Cent Leath pref.USVl Chi Alton 10 (Irnnhtf Ton . . . Rli (Ircat North pref.10.Vi Oreene Can ... 41,A Uulf Stato 103V4 llartmun Corp.. 02 Havana Klec ...101 Homeaukn Mln.. 100 Int Asr Corp.... 18 Int Aur Cor pref 5(1 Int Harv Corp... 78h Int Harv of N J. .110 do pret H7H Int Nickel pref..,103'4 do pref eta..., 8H III Central 101J- lntcrboro Con .. O'i Iowa Cent 4S do pref lni Jewel Tea 37i Kana ft South pf. 63 Keok 1) M.... Laclede Oaa .... DO Ijike Krle & Went 15 do pref 28 Lee Rubber. 4 T 21 W LlK ft Msera pref .112 do rta IVi Loose W Ilia Co.. lotf Lone I1 ctf. pf d 40 Lorlllard P 203 Lorlllnrd P pf...llt Iiula ft Nash ..122K MuiKiiy no llackay Co pt.. . Gl4 Manhattan Iteach 1 Manhattan lllev .115 Max Mot 1st pf 07 do 2d pref .. 2IH1 May Dept Store. 6114 Way Dept btr pf 1U5 Mich Cent lift Mex Pet pref ... 03 Minn ft Si I. new l.'i'.i Morris & L'sicx, 3(lH do pref llle Mo Pac c of d f p 01 '4 MUST prof.. 11H If H ! fl M, i ifnu. 10V Mont Power .... 88 p Mont rower of.. 110 Nat Acme 34'i Nat Hlscult lln Natl Cloak ft Suit 78 Nat l:nnm ft S pf UK, .( iiiv Airx (i p( ,1 Nev Cons Nor ft West North Pac 102 N .Scotia .steel... lull N Y Air Drake.. Ml N Y C ft Mt L... 20 N Y O ft W . TS N Y O ft W 2d pf 60'; 88 17 1UV4 9 -un .l4Vi , .10 . . 80 . 4S (I VI 11 08 22 ...,1174 StUdphnt... Tenn Cop ... Tcxaa rta . ?W-i Ave : : ?L1S'?,.l(r Oil Bt L"'.-.l .IK 0o ctfs V.."' iS "?..''U;3f I'm r"i.n. ..,.'t.- U 8 Rubber" United Prult. N Y O W ( X UOCK do pref , Norf A South. . . Norf -ft Weat pf North Amer ... Ohio Fuel Ohio Uaa rta ... I wena Hot , Pac Mall Pitta Coal Pan-Am Pet pf. dn prior pf ct. Plerce-Arrow . . Peoria ft Kaat.. Hoval Dutch . . . ItWV 8tl Hnira nl lt jvna Arm. ... 8.1 Shat Copper 2t So iiwy pref . . 60', 00 pret an Rloaa Hheff .... 80' .11 I. ft .s k .. .. inv I'uuie a uaa, . Pero Marq pr 22 llhi 40 24U Sltt 80 r,nn 83 H2 27 47T4 IMI 0.1 38U M 03 ,1111 . 02 Underwood Tjpe.inu united Dye Wood 08 United Druir B5V4 7.T 63 do let . ;n j-ap Board .. U7M !; .ElPreaa.... 18 V, 8 "alty Imp. . 1614 J Car t-hem pf 111 J a Car Chem .. S8?i Va Iron 1: Jt c. 71 Wabaah A f..... 48U Wabaah II . 2M Wheeling ft L E wl Weat Pan ft n.. a1g do praf 47 wi',i l'n,on Tel" osv White Motor. ... 4.1 ivn Cen'rl 40 Ullaon Co pref..ini Woolworth . io . . ., ItlU Woolworth pref..ij .....72 Worth Pmp ft it 80 ?r pf 43 Wth Pp ft M pf A 04 CURB IS STRONG; BUSINESS SMALL No Special Pressure in Any Is sue Few Changes in Prices NEW YORK, Aug. 25. There was a generally strong tone to the trading on the Broad Street Curb during the short session, but the business there was small in volume, as It wa on the big board. There was no special pressure In any Issue nnd tho few changes were to moder ately higher prices. A good deal of In terest was nttnehed to the development of strength In United Motors, which for the first tlmo In a long period showed evidence of support nnd made n substantial gain. That stock, which a couple of days ago sold around SO, ndvanccd to 22 Ji. There was a good demand for Submarlno Boat, which advanced to 28. Wright-Martin was steady, with sales at 10 and 9. Crosby Petroleum was the most active ot tho Independent oil stocks, advancing from 64 to 71 cents on large transactions Mining stocks were steady, with Emma Consolidated ot l'i Ohio Copper sold at I'.i: Big Ledge. 1?4: Ilutte Copper nnd 7.lno at 10 i and 10 ty and Jeromo Verde at 2 and 2(,. There were some wide quotations for Beth lehem new "B" preferred, but no actual transactions were made. In the late trad ing tho tone was firm, but with business becoming extremely dull and listless. INDUSTniAT.S nid. Air Reduction 93 Am Stores 33 Aetna Explosives 0 Am-Ilrltlsh Mfg 0 Am Marconi 2 Canadian Car Co 28 Can Car & Fdy pref.... 0 Charcoal Iron 8 Chevrolet Motors 87 Crami 78 Curtlss Aeroplane 43 Canvon Tool 10 Carbon Steel 95 Emerson Phonograph ... 0 Federal Dye 40 Hcndeo Mfg 28 Kathodlon nronze pref. . 1 Lake Torp Boat 8 Yea, close. Aaked. (Bale) 95 95 7 7 10 8 34 0 9 89 87 Lehigh Coal (-'.lies 75 Lima Loco 60 Maxim Munitions 1 Marlln Arms 115 N Y Shipbuilding 42 Nor Amer Pap Pulp . . . 8 Otis Elevator 52 Peerless Motor 14 Poolo Eng 73 Redden Truck 15 Kcrlpps-Booth 7 S 8 Kresgo w I 05 Standard Motors 10 Steel Alloys 7 Submarine 27 St Joseph Lend 10 Todd Shipbuilding 80 Triangle Film ic United Profit Sharing V S Steamship .... United Motors World Film ....,,. Wright-Martin Air . Zlno Concent 4 85 44 41 11 10 100 7 0 85 ." 2 0 0 85 58 1 1 118 115 40 43 4 57 10 00 10 25 100 II 10 8 7 28 28 20 83 1" .. 4 4 9 10 10 2 2 .. STANDAItn OIL STOCKS Illinois 227 230 Ohio 868 375 Pralrlo Pipe 272 277 Stand OH of California.. 257 260 258 Stand Oil of New Jersey. 803 507 695 Stand Oil of New York.. 283 285 284 INDEPENDENT OIL STOCKS Barnett OH & Gas 2 2 2 Cosden & Co 10 10 .. Elk Basin 11 11 11 Federal OH 4 6 4 Inter Petrol 13 18 IS Houston OH 10 21 Mcrrltt Oil 37 37 37 Midwest Ret 178 180 179 Met Petrol 1 1 1 Ohio Fuel 18 10 .. Oklahoma Ref 0 10 9 Osage Hominy 9 0 9 Rice Oil ft Sapulpa Ref 1 1 11 Sequoyah 23 27 If, United West Oil MININO STOCKS Financial Briefs The New York Stock Exchange has stricken from list Pittsburgh Coal Company, of New Jersey, Banker' Trust Company certificates ot deposit for preferred stock and Bankers' Trust Company certificates of deposit for common stock. The London Stock Exchange and the Liverpool Cotton Exchange were closed to day. The Bank of England reports tha. amount of currency notes outstanding as 168,269, 992, compared with 158,190,505 last week, The amount of gold held for the redemption of such notes remains at 28,600,000. ' Tho New York Subtreasury lost 12,568, 000 to the banks yesterday. Shipments of fresh and cured meats from Chicago during the week ending today were 44.0SS.O0O pounds against 16,857,000 pounds last week and 41,612,000 pounds the corresponding -week last year. A Chicago Board of Trade membership ha been sold for f 5000 net to buyer, un changed from the last previous sale. Gross earnings of twenty-nine railroads during the aecond week In August totaled 14,137,33, an Increase, of 1837,215. as compared ,wlth,tbe corresponding week of JA - I UiA .- oi.l..J 350,720,983, which Is considerably more than maturities for August, but less than July 1. wnen tne total amount was 166,234 814 wUM3M$?!8YOVCr the larKest amount' Bradstreet's says: "Cautious buying, gov ernmental price-fixing, export embargoes, more or less economizing on the part of the public, high prices, labor unrest and shifting of demand from ordinary to wnr lines do not admit of regular business having a keen edge. But. despite this or that un settled element, the broad awing Is toward progress, and trade new certainly is moro favorable than otherwise, while crop re ports keep getting better and Industrial activity is as marked as ever, with collec tions ranging from fair to good." The total coal shipment over the Norfolk and Western Railway In July were 1,028.511 ton. ' Alaska Standard 25 Atlanta 10 Big Ltdgo 1 Blsbeo Copper (a pros). Butte Copper & Zinc .. 9 Butto New York 1 Calumet & Jerome 1 j". Con Ariz 2 Emma Consol .......... If', First National 2 Goldflcld Merger .' . 5 Goldfleld Cons 51 Goldfleld Florence 14 Goldfleld Kewanas .... 11 Green Monster 11 Hecla Mlntng 0 Howe Sound 5 Jeromo Verde 1 )J Jumbo Extension 24 Magnate Copper )l McKlnley-Darragh 66 Magma Copper 48 Mother Lode . -. 32 Mines Co of America. ... 1 Nevada Hills 16 Nlplsslng 8 Ohio Copper 1 Ray Hercules 8 San Toy 13 Stewart rV Tonopah Extension 2 United Vcrdo 35 West End Con 71 Whlto Oaks 1 White Caps 1, YeVlngton 28 IIONDS Bethlehem s 98 Cosden Oil 6s 05 Cosden & Co 6s 93 Erie Ss 96 Russian Government Ss 71 Russian Government 6Vi 81 Southern Railway 6a... 96 Sinclair Oil 6s 100 Todd Shipbuilding 6s... 100 28 12 1 9tt 1 1 2 iy 3 7 64 18 14 T 9 ST. 2 26 60 40 84 14 22 8V4 1V4 4 14 2 36 73 8 1A 24 08 .98 90 07 78 88 07 102 102 1 io 1H lit iy r 'ift 26 61 is 8 iy V4 73 28 88 71 80 MONEY-LENDING RATES PHILADELPHIA Call, 5 per cent; time, 5064 per cenL Commercial paper, three to four months, SHQ5 per cent; six month, 56 per cent. V BANK CLEARINGS Hank clearing, today compared with corre sponding day last ytar; ' Philadelphia. 848.264.143 183,485.410 23.V40.003 New York... 601.848. 183 4A0.07M88 ..... Deeton 81,040.167 34.961,948 26.631,48 More Gold for Jpi NEW YORK, AtyrA JI. The ubtrMury (aiv 1 r .m a ft ft e n n 1 a'w . "-' "-""'jajBjBgfarjaerT.jrirr vBtmmq-wrum- v9 .' 0Jl(aTaTaTaTaBBBin JM41JkuelBliV STEEL TRADE WAITS FOR PRICES Word on U. S. Quotations Ex--pected Early in the Com- ing Week Sales in Philadelphia lllsh. Am Gas ... ,. 25 Buff & S tc 68 100 Cent Leath. 88 6 EteC Stor .. 60 Ins Co N A. . . 120 Lk Sup Cor. 17 I,eh Nav . . . . 12Leh Val ... 61 100 Mldvalo .... 66 92 Penna R R.' 82 OOPhlla Elec. 28 45 P R T t C. 80 100 Rock Isl ctfs0 100 Ton Belmont 4 06 Ton Mining. 6 Union Trac. .. 17 tr n 1 78 1805 U S Steel... 121 121 121 4- 18WJerASS49 40 40 45 Wm Cramp. 81 80 81 1 tQuotatlon given Is yesterday's close. Total eaten. 1720 eharee, compared with 7jw far inw weea, a.io Net Low. , Close. ch. .. tios .. 68 68 , . 88 86 60 60 .. t 17 17 76 . .v 61 81 60 60 62 52 .. 29 29 Mi 80 30 80 30 1 4 4 f, 6 6 A .. f45 .. 78 78 H t PHILADELPHIA CO. JULY EARNINGS- -.--- i TRADING IS SMALL 1JN LOCAL STOCKS Many Absent in Financial District and Only a Few MorJ mail XIUU Ollaico jn.7iec, yjii X aiJU in Short Session hare, tnonlui Uma far hl week. shareai aame period Isat week, 83,863 shsree, Close. 00 Net chie. reel aame per! IIONDS High. I,orr. 8200 Amer Gas & Elec Cs.. 00 90 3000 Baldwin LoC 1st 6s ..101 101 101 8180 Lib Bonds W I SO 90-100 00 60-100 90 50-100 .. 2000 Leh Val cons 4 ',4s 2003 03 93 03 4 1000 Leh & New Eng 6s... 101 101 101 V4 11000 Phlla Elec 1st 6s ..100 100 100 5000 Un Rwys t c 4s 74 74 74 1 ' Total aa'ea. 830,350, compared with 8111.000 reatrnlnri thni far thre week, 8179,1601 same period Isat week, 101,06O. Local Bid and Asked Amer Stores Drill J O Hurt A'rjutq t e do pref naldwln Loco Electric Storace ..... General Asphalt do pref Keystone Tel t do t c Lake tiup Corp Lehigh Nav Lehigh Val .......... I'cnna n H Phlla Electric l'hlla Co do 5 per cent pref.. do 0 per cent pref.. T n T t c Heading Tonopah Helmont . . . . Tonopah Mining Union Tracllon u ( 1 ;.; U 8 Steel . York ltwie do prof Wra Cramp & Sons... 17.4 1 81 'I (I Yeeterdav Did Aaked 30 8U 26 28(4 57 68 60 62 , 1)0 VI MK 5V4 0Vi 10 20 69 01 lli 12W 05 07 17',l 17W 70 77 01 01J4 52H 62" 20 WU 33 31 82 35 88 811 30 SO'l 784 12114 INACTIVE PHILA. STOCKS Following nro quotations for Inactive stocks listed on the Philadelphia Stock Ex change and tn which there wero no trans actions today. The price glvon is the last previous close: Alliance Ins 20 87 uo G8i Amer Stores ao prer ... Amer Mill ... Am Go. war. Am Itv. pref. Ill ll Loco ... Drill J O ao'i Duff & Suae, pret. 6 -amorm iron ... en Cambria Steel ...165 Catawlaaa let of. 62 Con Trao II J... 71 Gen Asphalt .... 20 Leh Vat Tr...., do pref .... Mlnehlll North Central North Penna .. ra Salt Phila Co do pref .... do cum pref Penn Traftlo . 1 II T Un Coa of N J. Warwick I S. xr XT r a. T : 27 . 40 .. 55M . 88 . OOi; . 04 . asM . 83 . 88K 2K . Sl) .210 . 9 . 21 75H do prof ...... 60, West Coal 75 Kej.tone Tel.... 11 York Rwy. 14 Key Tel pref.... 05V4 York Hwy. pref.. 87 New York Bond Sales 103000 Anglo-French 8. sin 22000 Am Foreign Sec 6s... 05 6000 Am Smelt A Itef 6a.. 1H 40000 Am Tel clt 4 854 10600 do 6 97 11100 Am Writ Paper 6. 2000 Ann Arbor 4a 10000 Armour Co 44s... .8000 Atchlaon gen 4a. . . . 10000 do cv 4a 2000 Atl Char 6 1000 Can Oovt 6s 1021.. iuuu ao 0. 11)31.. Low 08ft J0H SB 4000 Cal Gas & El-c 6s... 1000 Chill Copper 7 OOOO Chi Alton CW. 86000 Chi 11 & Q Joint 4a. . : v4 now i,-ni ji a Bt P rrd 4 'is 81w 10000 Chi H I P rfd 4... 6S 10U0 do 4a 804 7000 City of Parle 0 94 1000 Cerro de Paaco 0s....l()04 4000 Den Rio Or 44a.... 76 3000 Erie conv 4a Ser II.... 61 auuu 111 Bieel aD 4ft ... 10UOO Indiana Steel 6 2000 Intorb Met 4 Us 8000 Interb K T ref 5e.... zuuu interni i-aper es. 1000 Japanese 44...,. 2000 do new O 8 44 3000 K C Ft 8 tc M.4..... 704 1000 K C Ho let Si.. DOS 15000 K C Ter 1st 4 82 iinuii i,k on oeo a .lpOtt 7V4 1 1028 IV 1 8. 90 818500 Ltbertr llond MOS-ino 1000 Minn Bt V S a M 4a 2000 Met Weit of Chi 6... 91 2O0U Mo Pao cm 4a 57 1000 do 6a al d 90 14000 N T C II 6 100V 2000 do 4. 85! 12000 do 4',4 01$ 1000 N Y Cty 44s May '67.10l4 2000 N Y Oaa H H 5s... 99 2000 N Y.N H A II 6 6M 2000 N Y Tel gen 44 04 6000 I'aclHo Tel 5s DO' 4000 Penna sen et 4e 2 8000 I'ere Maraette 6 86V 2000 Rep lr H 5 8V 7000 St L 4 3 P Ser A.. 01 1000 Bt L A H V Her D 02 00 704 "OS 82S 00 90 00-100 0008-100 1000 8t Paul M 81 M en Colli (1000 Mouth Pao cv 4a, 8000 South Paa cv 6s. 7000 South Pao rfd 4a ., 8000 South Rwy gen 4a, 1000 Tol St L A W 4a... 1000 Utah Power & L 5s 1000 Utah ft Nor 6 10000 U M Rubber 0e..i... 1000 V a Realty 5 17000 U H Steel a f 5a... 2000 Union Pae 1st 4. . 8000 U It tl 11 I Be... 41000 do 64 1918 14000 do 64 s 1010 12000 do 64s new 1919.. 09 88000 do 64. 1021 ,94 I Total OOO TeeUl same perioi 814 81M 07 087 86H 84- 664 OOX 60 60 87 87! 7Vi an J3H 88 64 64 104V4 104 90 90 97tt (17V 994 9B 4 95V 844 06V isles. 8770,000. compared with 62.746,. rdnrt thu. fer tla week, 818,620.0001 loif last week. 118,691,000. """'"""I NEW TORK, Aur. 25. With price-fixing still undecided at the end of the week the steel Industry con tinues In a. state of uncertainty. Word, however, Is expected from Washington early next week, at which time steer companies will undergo a complete readjustment and thereafter will work wholly on a war basl. Unofficial estimate have variously placed the price at between 360 and (80 per ton, although one or two leading authorities be lieve that the Government will pay the producers from 10 to 15 per cent above cost 'Should the Government allow a price of 75 per ton, the companies would be able to show good earning for the remainder of the war. A It wa when the prlce-ruinr program wa first agreed upon In Wash ington, the one price for all United Stat Government, our allies and domestic con sumer Is still tho chief cau for dla- oontent among tnt prouor. -shoUl4 the ft KW;M;a,MMWr'W.H KH mm NEW YORK COFFEE MARKET NEW YORK, Aug. 25. There was a steady opening In coffee futures today, with first price showing advances of from 2 to 5 polntB. Trading on the call was quiet, ales amounting to 600 bags. Reports of frost in Bratll caused a little fresh outside demand and tended to check any aggressive coffee selling, but trading was not. active and It Is doubted It any dam aging frosts will occur before September 1 There has been a fair business reported done In the cost and freight market at slowly declining prices. The local spot market ruled generally quiet, the demand being limited to the needs of buyers, some believing that the dullness ia uuo tu wio uncertain auty question. o v.- n'At VT. V.. i."-5 -' ovyvviiiirar xjeeemoer March way ijira o.io s.12 8.14 a.oh v.40 o.e o.zt g 29 gjj July Open High Low Close dose iber 7.47 7.48 7.46 74? i it ber 7.75 7.77 7.75 7.77 T7X 7.95 8.01 7.08 800 75 8.08 8.16 8.12 814 8.00 GOVERNMENT BONDS 2s, registered. 1080 2s, coupon, 1980. , ...,,..,, Se. registered. 1918 Si, coupon. 1918 4s. registered. 1925 4i, coupon. 123,.. 8e, registered. 1946 , aa. coupwii. ,,,,,, an.ma 2a. registered, 1988,.,, registered, 101,,,. Aaked iosk Panama 2s, rtslstered. 1986 Panama ze, registered, IBs ranem aa Panama 8s Cotton BUtietic About tho only development of Interest In tho financial district In this city In the. short session today was tho announcement of tne Philadelphia Company earnings for July nnd four months of the fiscal year. Favor able comparisons with the corresponding period of last year wero made in all de partments with the exception of tho electric light and power department, where losses were shown In the net for both tho month nnd four monthsiand a fall In tho net In the Btrect railway department for four months. Largest gains wero exhibited In tho nat ural gas department. An Increase of 3567,955 was shown In tho gross for July for all departments, bringing that Item up to 12,819,010. Out of this there was saved for the net 31,014, 250, which represented an increase of 3J189, 938. For the four months the gross was $11,605,219, a gain of $2,187,494. That operating expenses cut Into this gross to n large extent was shown by the fact that there was loft only $4,601,364 for tho net, but at that there was an increase of. $416, 940 as compared with the corresponding period of tho previous year. Very llttlo took place in tho trading on (I.A Tliltn.tAl.,l.ln C-.-,. short session.'" For longTerfc ' Si tne ticKer uiu not move. When pn.;..unll tlon of the fact was taken that tw-11'! very lew irnaer present, .iii,.""" " I Stock Dxchango or In commission hn ""H was not surprlsng that noting ,& done, as far as market activity w.. M1 cerned. The disposition of tKo7 ?"??'' Street wa to wait fnr ..etClS? ' the! price fixing, principally the rata tn i?.r5m,al mined upon for finished Mart and cwfir'! Fractional changes were the rui. . 1 prices, and It was noted that manv Jj '"U stocks which made their .al1? ? Vi at unphnna-rt nel. .. "'!"""" 014 m il final quoUtlonV of yesterday V"'th " I gong sounded at 12 o'clock closing th. 'M change for the week, a total f V',M1 little morp than 1700 shares haSevnI,r M hand In tho short session, s?xtCc2 Sw1 W stock. and nvo bonds having appearei ont? M tape. Philadelphia Rapid TranM? ,ntll certificates gained a small fraction, 'a'?1" I mon, which wb the most active, aftl?1 1 m: Wtusuai iiftsa I CORN PRICES DROP ON HEAVY SELLING December Declines 12 Cents Early in Session Wheat Fu tures Trading Ends CHICAGO, Aug. 26. Considerably selling was in evidence at the start In the corn market today causing a decline of 12c In December, which opened at $1.10 to $1.10. The pressure was caused by tho fact that the wej:her was not so cool as expected over the Western States last night and that clear and warmer conditions were predicted over Sunday. Commission houses hod selling orders on a fairly good scale. May started at $1.08 to $1.07. un changed, but almost lmmedaitely fell , although the pressure against the option was not as largo as against December. The receipts here .today were 72 cars. . Oats showed only small changes nt the opening. September starting at 63?Jc, an advance of c; December at 64. to 6374c, a decline of c, and May nt 58 to 67ic, a decline of c. but an easier tendency developed as n result of the decline of corn and prices sold off about c In a few minutes. Tho early trade was unimportant Receipts hero today wero 303 car3. This is tho last day for dealings in the future wheat market No business was transacted during the early session. E. L. Glaser, J. F. Barrett and Frank Rice were named by the directors of the Board of Trade as the committee to fix a settling price on all wheat contracts for future delivery that are now closed at the conclusion of trading today. Just when this committee will decide on a price is uncertain. Possibly it will wait the Gov ernment price fixing before acting, thus avoiding confusion and dissatisfaction. ,:i19'celpts nero were 83 ors. compared with 84 cars last week nnd 170 cars last year; at Minneapolis and Duluth 263 cars, against 204 cars a week ago and 328 cars fuiA0"' at1w,n'Pr 69 cars, contrasted with 155 cars last week, and 328 cara last &tX. Leading- futures ranged as follows; Wheat Open High Low Close IfoVe KL? " "ft .."JSfc 5SH 64U 68 Oat September December May . . . , Lard September October .. January . Ribs September October January Porlc- Septembcr .42.60 October ...42.40 Did. tAsked. .28.07 ..28.06 ..21.45 .28.55 ..28.62 ..121.00 63 64V 68 28.07 28.05 21.97 28 60 28.62 20.03 42.50 42.45 824 634 60 52 R3'l 574 22.60 J2.5T U310 22.37 22.55 28.07 21.40 21.60 22.05 22.90 22.00 28.67 22.75 22.80 t28.no 20.65 20.67 21 15 42.25 t42.25 41.55 t41.60 43.05 '42.70 LOCAL MINING STOCKS TONOPAH STOCKS MacNamar Midway Mlspah Extenelon Montana North star Reecue Eula .... Weat End Atlanta .. Ulue Hull Booth .... Dlamf n B Dly .... Oro ...... Band Ken Sliver Pick Arli United Nev Wonder Tecopa Mln OOLDFIELD STOCKS nid .13 .13 .11 .10 .11 .21 .73 .10 .01 .05 .02 .03 .01 .02 .10 MISCELLANEOUS . .25 .2.60 . .81 Asked .15 .14 .13 .22 .12 .22 .76 .11 .03 .08 .03 .04 .02 .04 .11 .2. 2.38 .34 Grasselli Chemical Votes Extra CLEVELAND, Aug. 25. The Qraaselii Chemical Company declared the regular quarterly dividends of 1 per cent each on common and preferred ; also an extra nf 3 per cent on the common, payable in common stock Instead of In cash is her. tofore. ,Ali dividends are payable n tember 2D to stock of record September ririw rtnv a ..,.. tlo'rVrif cotton. .. mad.S; P&",i, JW Financial Chronicle, la ae followaf """ This !. .... tvealr .va.i. -aei ay w Total ylilble supply 2,644,960 2, ui vtnicq American 1,93V, (SO loi.l in ai.ni av trust 24 , 2.584,682 2.7j,I. 1.369.062 litis:.!. 448.966 281.843 60.781 r.A;LYMf , oVvf.rc t v T- Jtiy$t RAILROAD EARNINGS CANADIAN PACIFIC Third week August.. 117 32,700,000 Increaae 1160.000 TEXAS AND PACIFIC Third week August.... $408,472 182 4.n From January 1 18.333 241 1 IJl'iSS CHICAOO. INDIANAPOLIS AND "loiiisviVtTS Third week Auguet ... imTll UI8V0LM Fr.DicrJ.V.U.ar)r X M8T'8" 830.62J rrrvrprwr ttjiz-it t-ktt-, WW11V11 J-JCJVjljli HjS " TTTTJI m-X TTxrr .'.. !l jum xj UiNLiUADINQ many xraaers sell Who Bouriit4J in P.vnisnfnftnti t T! t .. "jfl ... tv... U1 Anot; iiiveiV bm pool JLiquidates , NEW TORK. Ancr 5K tTi..-, .! ... ' "...uaoing a rntrnn Tiv man,. !.. 1 , . - Jol , ......j, llau purcnasea ltt yesterday In tho hope of a recover ..I- usual after the reactionary tendenev .vi.t V, prevailed during the greater part "of tg,i hock, causea weaKness in the cotton mu4 ket today, and. when additional h..eif' southern spot advices wero received, th? selling became moro severe, resultlng'in a 3 net decline of 46 to 6S points for the'shortfl session. fil ?a1 The continued Ann .!,.. .M -.-...c. report. Ml brought in enough selling orders at th uiitmiiiK to weaKon prices I to 10 point. ) .T,ro.a1..a.d's.poBltlon to cover at lh -v...., uuainr, jor over Sunday, and thli .9 caused a quick recovery of the early lo. S .",?, '",0.r ?' V?! d " Pol"? I ;r;.; "'r.,1 ''"'"! ovr t nnht. a f""r u me outiooi: for fair n weather In Texas over Sunday. Unloalln ? 'V; A then rniiReii rantaarrta Among the early sellers were Liverpool. Wall streot and Western Interests. H motion receipts at tho ports for th -, c., eouinaiea 01 is, uuo bales, com. B ?frAd9 .h. ."."' .5tt,M last 1 Tes'day's cioae Open 22.29 22.80 22.28 22.84 22.38 22.30 22.62 22.45 22.04 22.58 October . Docember January March .. May .... Spot .... High Low 22.35 21.S0 22.47 21.79 22.45 21.58 22.51 21.1)8 22.58 22.30 ml . L4tt ! 31.14 Jl 91 fil .Ui 21.9! t 21 u ! 22-40 m CLEARINGS CONTINUE LARGE Total Throughout Country for Weevil 21.8 Per Cent Greater Than in 1916 Bank clearings contlnua lnrei Th'fnt.i throughout the country for the week ended fj yesterday wan zK. iao enn nm mn..-V with $5,535,861,454 last week and $4,301,-j 478,902 the corresponding week of last yeirJ? EIOIIO 1U11UW . I 10tT Inla - . -"- . oi rLh .12.460,347,075 $2,153,448,424 378.885.401 242,102,203 165,680,283 110,886,547 105,077.321 72,073.423 68.68.0118,1183 . 40,034.000 32,202,358 80.475.072 tnfi 318.020.988 170,208,109 - -S7.4 i 123.320,173 - -34.8 ' 89,080,171 --80.8 78,577,657 .- . 49,693,833 --46 8 60,017,724 -.844 1 33,074,000 v.ue 28,298,8(10 IS.!"' 21,518,007 41.1 New Tork Chlcae-o Philadelphia Roston . . . , Kansas City Bt. Louis .. S. Francisco Pittsburgh. ueiroii .... Baltimore , . N. Orleans . r.ieven cities f- ua ,.,ee,llB,T2Z,33a 43,124,502,638 19.9 wir Cllie. V 0 days .. 680.404.610 435,270.018 88.J jj Total all cities AH clUe. "ll'844'12a'D" $3,670,839,456 21.1 . 1 & ... 893,470,927 723,630,446 23.3 Total all cities $ week ....$6,289,606,904 $4,803,478,902 21.8 B it STATEMENT OF THE Drovers and Merchants Bank 3014 MARKET STREET at the close ot business, August 21, 1917 RESOURCES Cash on Hand and in Bank. $145,203.57 Stocks and Bonds 106.600.75 A Loans and Discounts 314,994.70 5,j Lioeny Loan bbo.uu Office Fixtures 700.00 i $568,384.02 LIABILITIES Capital Stock $100,000.00 Surplus and Undivided Profits 13,958.12 Deposits 454,425.90 $568,384.02 SAMUEL GRAHAM, JR.. President t aTRANK lv nr.aatir viae vi. Teli!aal CHA8. W. 1IALDEMAN, Second Vic TtM. ERNEST R. PATTON, Cashier STATEMENT OF THE GUARANTEE TRUST & SAFE DEPOSIT COMPANY -au.oio.ozu UHtSTNUT STREET Vftam igLgPmi SQUARE Cash on Statement at Close of Busin ASSETS Hand and n. DOSited With Blnka anrl MunkS Bikis':::::::;. lW&& Time toam Upon CoUit: ,98'000'00 caTlLoin;' urA;r;, cVuVt: ,'09S-9?3-88 InVe'Jtment Securit'lei; 2'59'9W8 Bonds, Stocks and Mort- MiSS.a;"&;;u:;;;:; Sffij 9,918.997.91 I "s August 21st, 19,17 LIABILITIES Capital Stock $1,000,000.00" SurPlus , 600,000.00 Undivided Profits 140,807.73 DeposiU 8,165,419.79 Miscellaneous Liabilities!.. 12,770.39, RICHARD Y. COOK, I'jt. La . -..t T.J JT $9,918,997.91, MaaeBkaa4a HQWARD E, YOUNG. ,yft
Significant historical Pennsylvania newspapers