&
tinq?$m& : MotipATs -'4v&iffi flffi
o
w
' t
1h V." 1 -vf
i' v
-"W t4. AAA
OF PHILADELPHIA
COUPON
iSffliLWS-SSw YORK AND PHILADELPHIA STOCK (JUOTATIO
"i
k BONDS
;, nnwnm iare
,
:,"'
C . PRICE, 100 AND INTEREST,
if iw rici sjv
BEAR ELEMENT HAS MOST TO DO
WITH DIRECTING PRICE CHANGES
Room Traders Start to Force Stocks Down After Moderate
Commission House Buying Is Satisfied Little
Opposition to Attacks
U
' REILLY, BROCK & CO.
p BANKERS
306 CHESTNUT ST.
riiiLAnEi.riiiA '
High Points in Today's Financial News
Movements of prices in Wall street were in control of bears throughout
day. Stocks forced lower. Initial trading in Bethlehem Steel rights and new
preferred stock, when issued, on Curb, drain and cotton higher. Gold cent
to Canada. New high prices established by bar silver m New 1 ore and
London. Foreign exchange market dull.
Short Term
Investments
We recommend tho following
issues;
Maturity
11)10
1927
1020
1033
Yield
Hhnllt
4.90 to
5.2594
5.00 to
5.25
iVffi
Ctiitipoiki t, Ohio Ry. Co.
Equip. IVis .vote,...
Niw York Central R.R. Co.
Kmilp. 414ft Notes. . . .
altlmnra 1 flhln R R. Cn.
t-sntr Notes 1919 5.83
Qimnl Rubber Co.
Deb. 5ft Notes 191S 5.85
Chi, No. Short t Mil. R. R.
e Not 10:0 6.50
Erlt Railroad Co.
5ft NotM 1919 6.95
Electric Auto-Lite Corp.
l-.1e.1r lift Notes 1918 6.75
Electric Auto-Lite Corp.
.ear Oft Notes 1919 7.00
Un.Klnj.GL Brit. I Ireland
Bft Notes 1018 7.25
Amer.Forelzn Securities Co.
B Note 1DIH, 7.57
Full particulars of any of tho above
Issues will be it upon request.
The National City
- Company
M 1421 Chestnut St., Philadelphia
,$
New York
BotcP
Chicago
San Francisco
l'ittt. burgh
A corporation owning
exclusive rights for a high
grade automobile acces
sory, which for Ford
cars will prove a necessity,
wishes to get in touch with
individual or group of in
dividuals who will invest
$25,000 to $50,000.
Orders now held for
large quantity and in
quiries show that demand
is strong. Acquaintance
with automobile accessory
field desirable but not nec
essary. For interview, address
Box No. F 951, Ledger
Central.
K?
!
American Stores Co.
Vfc First PI'd Stock
REED A. MORGAN & CO.
WEST KN1 Tltl'KT IIMltl., 1'lllia.
Member of the 1'lilla. Mock Kxrhange
J&'H
fctftsa:
Elk Ifi
'r .3. j.
Ear n t'jllm
tSi.i-T
tAf.ff V
P
tuS,-
1 cv
nrt
K,.
iiii
IW
'rei
1 'fAi
.Hi'
Are You Reading
"CURB NEWS"?
Today's issue contains NEWS and
ARTICLES .that every investor in-
fareafnfl in Matt, Vm-1. f..-U el.n
h should read.' Some of the more im
portant topics leatured in this issue
"The March of Silver" The trend
of the white metal Is steadily up
ward as demand grows und sup
Piles shrink.
"Advancing Crude Oil Prices"
Pennsylvania Grade reaches $3.50 a
barrel, with Mld-Contlnent Oil at ?2.
"Leading; Dividend-Payers .Selling
Below 1 Low-priced Mining
Stocks of the New York Curb on a
rcgulnr disbursement basis.
ISpecInl Analytical Keport on
OKLAHOMA
Producing & Refining Company
"Notable Curb Advances of 1017"
Oil, Industrial and Mining Stocks
of the New York Curb that have
shown appreciation In market price
in past eight months.
"World's fiold Ktserve Must In
er'".".'L Enormous expansion of
credit by various nations makes, nn
Increase In gold production an eco
nomic necessltv. Oolri nin n
panles that are expected to aid In
v supplying the demand for gold.
'A
:Beprular departmental articles on
metal ana oil prices current divi-
i Irp re"" vuiicui, assessments ICadlntf
f:i dividend. payers weekly volume of
; ,auea on tne wew York Curb and the
n ktest news on active Curb Stocks
will also be found in this issue.
Stand for "CURB NEWS" 749-T. U.
ran
-1 1
JOCES & BAKE
STOCK nitOKEKS
Widener Bldg., Philadelphia
X'
it .
1l, Y1F.L... nn .
t Keystone, nace 2200.
.'Maw York - Boston
"tmicaco Flttsburdi
S - Dlrtct Prival Wires.
t'j
Hi.1
4t$ '4 BAKEIl.
tr. Bldg,, rmladtlphla, Fa.
Yau-msy send me Curb News TiO-T. XI
'r-t i
MLW'M&m V7A
asJmraeSSiSmlSL'SMSai
NI3W YOUK, Aug. 27.
Tlio bear clement on tlic floor of the Slock Kxcliaugo had most to do with
directing price movements In today's trading. After tho llrst fow minutes, when
n little strength was caused by moderate commission house buying, tho room
traders resumed their bear operations and all through the rest of the day devoted
their energy to forcing prices to lower levels,
Thny met little opposition to their attacks In nny stocks, but no liquidation
was Induced, and tho only result of tho bear raids was to increaso the short Inter
est to a moderate extent. This may, however, bo enough In tho limited trading
to bo 11 factor In furnishing NUpport later In tho week.
Declines which attracted attention included United States Htcel common,
which opened at 122 and then yielded to 120',i, and Texas Company, which ranged
from 17DK to 175.
Mldvale Slcel was forced Into prominence because of a three-point tlecllno to
f3&, and Ohio Cities (Jas sold down two points, making a new low record since
Its reorganization of capitalization.
Generally tho larger interests on tho Street are waiting for announcement of
the fixed (iovernment price on finished steel products. There arc a good many
guesses as to what the standard rate will be, with most of tho predictions ranging
from $r,2 to $67 a ton.
Tho Itusslan situation was not regarded with Interest enough to be n trading
factor, although lltisslan exchange was at a new low record, ruble chocks on
Tetrograd selling at 20.18, and Itusslan Internal u'n. which sold last September
at $342. were down today to SIPS per 1000 ruble.
Although there was no wide change In prices In the bond market, attention
was attracted to the situation by the sale of New Haven 4: at ."7, Southern Hall
way -is were traded In at CC'i and CO. Liberty lionds wero steadj-, ranging from
99.00 to 99.92.
NEW YORK STOCK SALES
NVI
Illrli Low Close this".
Alaska Gold M.. ' '. '' '.d
Alll-s-Chalmers Co. '. sua', any, ,
Am Agr Chcm ... 9J UJ-. HJ-y, 1 ',(,
Am licet Sugar. . KRiy, H;"i KH 1
Am Can 44 in n tu.
Am Car & l-'dry Co 7 1 7:i 73
Am lilt Corp .... .17-!i "'!' :!i k
Am Hide & Lea pf 03'S', OS 3 1
Am Linseed ! 2.vy 2i!',4 'i
do pref 02 1' fil; 1
Am Locomotive .. 07 H fillVi flfl',4 Vi
Am Malt 11 II II 1
Am Smelting ....KiiHi !)!, 09 Vi '
Am Sum Tob .... 4D I7!)i I7!)'t V't
Am Steel Kdry ... r,7.i nn,i li I,'i
Am' Sugar 117-y, 117 117 I
Am Tel & Tel 118 118 118':; ',.
Am Tob pref new. 10! 10J 102
Am Wool SO'i 8014 '"O'j
Anaconda 7.iy, 71!'i 73',i ',i
Atchison ! IIHTm 99 - Vh
At Gulf & W I 107,4 IM.V.i 111.114 IVj
do pref 02 14 oiVi 02 ',4 4
Hnld Loco 00', OITf, (LI'S, m
Halt f: Ohio 08 08!4 08ij ,
do pref 08 08 B8f, ,
Barrett Co 10.1 lu.1 10.1 IVi
Uatopllas Mill 1U IVi IVi
Bethlehem Steel. .111 113 m il
do B 1 1 1 ! , 109 HiiTh U
Burns Bros 00 till 90 14
Butte & Sup Cop.. 3.1 31V, 31 ',", IV,
Canadian 1'aclllc. 102 V, 101 14 101.4 14
Cal Packing Co... 41 I0T -11 V,
Central Leather... 89 87 87 Vi 1','t
do pref lis 11:1 113 V,
Carro de Pasco .. 33TJ, 33 Vi 33', 4- U
Chandler Motors.. 82', Rl h!?m ',
Chesa & Ohio fi!) BKV4 .1HV4 Yi
Chicago (It AVcst. 10 14 10 14 1 014 Vi
do pref 31Ti 3I! 31Ti 1
Chi M & St 1' 07 Va OOTs 07 -y,
Chi & Northwest. .108 108 108 1
do pref 14.1 11.1 i 1.1 Vi
Chi It I & I'ac t c. 31 3(1 3d )',
do B pc pf t c... BOVi fil'j .1.1 Vi
do7pcpftc... 08 Vi 07 07 Vi t-Vi
Chili Copper 18 18 18 f,
Chlno Con Copper .11 fi:iV4 .11
Col Fuel & Iron.. 4(iy, I1IV4 4Vi 1
Col Gas & Klec. . . 41 4oy, 40')i ..
Corn Products ... :u".i 31 :',l IVi
do pref !)8 98 98 1
Crucible Steel 78j 7fl, 70y, 2
Cuba Cano Sugar. 3114 32V4 83 V4 I-')i
do pref 89 Va 89 89 Va Vi
Del & Hud 10.1V4 10.1 10.114 Vi
I) L & W 300 200 200
Den & It U 8 8 8
Dome. Mines .... 9T!, 0 UTi ..
Distilling Seour .. 20 20i 2(1
Kile S3 23'ii; 23
Klk Horn Fuel .. 2H'i 28 28i ..
Gaston Villains.. II Vi ( t( IK,
General MotoiH ..113 lllVf, 1IIV6 V
Goodrich, B V . . 18 17 17
Great Northern pf.lo.iy, 103Vh 10 -.,, y,
do Oro subs 3IIV4 35 3.1
Illinois Central ..lOPi 101V4 101Vi 'A
Inspiration Copper SI 53V4 nV4
Interbor-Cons Cor. 9 9 9
do pref r4 14 54 .11 1
Int Mer Marino... 31 33y, 33Vi
do pref 91 90 90
llluh
Intcrnl Paper 31
Int Nickel 37 '4
Kansas City South 19
Kelly Springfield.. 1.1
Kennccott Copper. t31i
Lack Steel 80 Vi
L 13 & V pref ... 28
Lehigh Valley ... 01
Max Motor ;i2V4
do 2d pref 20
Mex Petrol O.TJi
Miami Con Cop... :ioy,
M S I' & S St M..102
Mldvale .10
Mo Pacific 31
do ctfs ,1214
Nat Acme 33
Con Cable .11
National ', ead.... .11
N V Air Biake 129
New York Cent .. 8iy,
N V N II & II ... 3214
N Y Ont & West. 31Vi
Norf &. West 118
.Vol thorn Pacific. . 103
Nova Scotia Stool. 101
Ohio Gas ,12
Ontatlo Sliver ... 014
Ohio Kucl .1014
Pcnn 11 It .13',
Pole Marquette . . 18
Pitts West 29
Pitts Coal pf ctfs 18
Pullman l'al Car. 112
Ity Stool Spring.. 50
99
37
8!)
87
0714
do pref
Bay Con Cop . . .
Beading
Hop Iron A Steel.
Koyal Dutch
St L & S K
Soars Bnobuck ...10.14
So Pacific 1 1.
South U It 28
do pref ,loy,
Sinclair Oil 10 Vi
Studebaker .12 Vi
Sup Steel It
Tenn C & C 10
Tex & Pacific 1 014
Texas Company. . 180
Tobacco Prod.... 78.
Union Pac
rnlted Alloy Steel 13 -III
L'ultfd Clg Stores 13.114 12
united Drug 1st pf .11 51 .14 1
rnlted Fruit .... 129 129 139 ,
CSC I Pipe & Fy 1914 19V4 1914 ..
r s 1 ml Alcohol .Lis
03
01
132
117
101
I.nW
31
37 V4
10!i
1.1
41
8.1
28
01
33 Vi
20
91
311 Vi
102
5314
29
.11
33
33 Va
.11
129
81
3 Hi
2 Hi
118
102
100
.10
014
49
53
H'a
a 7 Va
n
112
.10
99
s
87
8.1
0.114
1.1
10.114
11 1 14
27V4
.1(1
40
52
II
10
10 Vi
17.1
mi
Net
(lns chKo.
31
37V4 Vi
19
41 Vi
41 ',
8.1 Va 14
28
01
33 Va
20
91 1
30 Vi ..
102 2
5114 l"i
29 1
.13 4-
33
V'.
vi
-Vi
14
33 Vi
.11
129
81
3 IVi
2 IVi
118
102
100
.10 2,i
(!, .a
49 iy,
ju
1Vi I
27 "i -7i
48
113 1,
50 1
99 1
20
87 y, y,
8.1 1
lfl'a Pa
1.1
Ifl.1V,
9 Hi V4
2 7 'a
any, Vi
40
52 if.
II l
10
1014 i3
170V4 3 "
7 1
3014 130U 130
43
I' S Uubbcr
V S Smelt & Bef
L' S Steel
do pref
I 'tnh Copper . . .
Utah Sec Corp. .
Wabash
do pref A, , . .
West Maryland,
Westlngh Mfg .
Wheel & L 13 .
Wilson Co ....
Willys Overland
1 '.
1014
49
19',
47 Va
11
4
31
1304 137 1
OJVa 03 lVi
01 01
120 ..
117 117
101 101 1
17 17 4- C
lUi
49
tr, 4
41
14 4-
fll V4
30V4 I
1014
49
isy,
47
11
03
3014
Total sales. 270.100 Mmrei, compared with
!o.o,3hi xli.in's on .ilurcl.iy.
INACTIVE NEW YORK STOCKS
Following nre quotations for innctivo New York stocks and in which there were
no transactions today. Tho price given is tho last previous sale.
Cor tiref Ml I'hlln rv.
of N J--lt, i'ltts Coal pf ctri'lSl'
i -.; JAJJ '. '.'. ti rr iiih
Adams Express ..Its
Advance llumely. 1314
do pn"f ,.
Alaska Juneau... !
A4x lluuber ..,,
do pref "..''
A II 8 & F ctfs.. 102
do ctts pref.... lll .
do pref ...1'u'4
Am Can pret....0H
Am Car & Vy vt J
do pref ...-,. "5
Amer Cotton Oil. J.i
Am Kxpres us
Am H & L 13
Am Ico Seo ..... LJj
Alii v. .. --,.., ' . Ul, 4Mb ui .,111,, t.'-m
Airier Loco uref . . !" 3 Continental Ins.. ntVi
llutterlrk inii
liuth Ktecl pret.HSU
Ciillfornla Pet . . 21J
do prf 49
Cent Kdy Co 34?i
do pref 52
Cent So Am Tel. 11.114
Chi & Alton 10
do pref 2314
Col & Kj 1st pief 5.1
do 2d prtif 40
Comp Tab 39
Cluett.l'eaundy rf.110
C M i t I" pf,.l(m'i
Col t Houth 27
Con O 15 I. Si I'.. 113
do nre 112
Con Int Cal Mia. 17'4
Am Malt Pf , nnitl'f p... 70
Am omen p "".,n true Huei prer,.iuo
do pref A .... 99 cuh Am SuBar..l5
do pref H ...... VJV4 do pref 107H
Am Susar prcf...tlj DH8 4Apfft ,
Am Tobacco... ,.198!t Den ft Ills U pf , . lti
"'" -r. .,:u. ,..!
Am iei i.uiw,.
AmT& T 3d oref 92V,
Am Writ fa ore! ;1j
Am Woolen pf . . 7
Asso DO 1st pref R2
Asso Oil .fl.
Atl Coast Line. ,.10
Atchison pref..., Oj
Am Zlno. - --,,
Atchison......- UJJj
llarrett Cn pf. l)lJ
nald Ixico pf... 99Js
llrooUlyn 11 T S
Brooklyn Un Oas.iii".
llrown Shoe 71
D.trolt Kdlsnn 12.1
Klrc Ktnr Hat... 581,
Krle 1st pf .... 3.1
I'.rlB 2. pref. , , . 2(1 4
Oi-n Cliar Stores. slt
Qen Klcctrla ..151V4
lloodrton prer ...loS
Oen Motor pref ,. SO.,
(Iranliy Con tl Vi.
(Iroene Can ...... 4114
Uulf State 10.114
llHrlmun Corp... 02
Havana Klec ...101
Ilomesuke Mln,.100Tl
Int Ar Corp... . 18
iteweo.
BANKERS
and
BROKERS
th A. CHESTNUT 6T8., N. E, Cor.
llemb.rs of I'blla. Stock Rxcbasi
rirrt w'r to New Tork
sjfvyi
DIVIDLNI) NOTICK
Till! AMKBH'AN OAH COJH'ANY
lia Market Street
CAMDEN. N. J..,Auust 10. 1017.
A quarterly dividend of 2. or $2 per share,
has. Wen declared on the capital lnck of this'
Company, payable September 1st. 1017, to stock,
holders of record at 3 o'clock p. m. August 21st,
1917. Checks will be mailed.
J. 11. TOWN3END, 3d, Treasurer.
DIUKCTOKV OF ACCOUNTANTS
Certified I'ublle Arcouutants
LAWllENCK B. PItOWN b CO.
1C15 HEAL KSTATB TltUST UaiLDlNO
INVKaTJUAlK AND ADJUbr I'AH'INKUMKIP.
COiU-UltATtON AND DIUI'UTISD ACCOUNTS
Int Acr Cor pref Co
Int ilarv corp
ini ilarv r
do nrof
Int Nickel pref,..103l4
!i
liliti
Int Nickel pref... 103M, Pitta West' pf'." 'iw
Iowa Cot 4ln l'r,Bsed m r" !;?'
dn pr.f int olicks livi,. r' ' !!
Jewel Tea ....... 87i SS ?k. 1 -." i
Kalis k South pf
lint & 1) ,1. ... A
i.neaU (Us .... 110
Lake nrle & West 1.1
Lei, Kuhtier & T 21U
LIB & Myers pref. 112
do rt 114
Looso W Ills Co. . 1UU
LonK Isl ctfs pf d 4u
Lorlllard 1 208
Lorlllard l nt.. .'" ..
Louis & Nash ..1221a
MiUKay mi
Markuy Co pt 0114
Manhattan lleach 1
Manhattsn V.lev. .111
Max Mot 1st pf 07,,
May Dept Store. 5114
May Dept Sir pt lu.1
Mich Cent 1";
Mex Pet pref ... 95.
Minn Si Si 1. new l.i'i
Morris & Hssex. 304
do prer
Mo Kan k Tex
53 iviniiver pr.
1H
Saxon Motor.,'.', jli
Seaboard
Shat Copper .,., i
do pref Jul-
SIoss Sheff .... Gui.
o 1' llliu 8 .. ,2U1
Standard Mill pf. s.1
St L 6c South.... i (ti.
S!a5d. M""nB ..8(1
studebaker pf 04
Texas rts inu
Third Ave .I. ' "52
Tidewater Oil .20.1
Tol St L West. .714
T St L & W Vtfi U
do ctfs mi
Transue Williams 4114
Twin Cltv It t.. H.l2
do pref go
L11 Hob i I'aper. 11H
jots "UJ'"' Sis
" Hnai!'t?r.s rf...uo
It US Ttnh l.t .rAe ,mt
Mo l'ae c of d r p 0114 Hn?"v??1 Type. 109
M K ft T pref.. 1114 United Dye Wood 08
Mont 1'ower . ... 88 do pr,f 5W
Mont l'ower pf..H0 J'n"d Dm .... 73
Nat Wsrult 110., J'n,rn Hoard .. 2714
vmi floak Suit 73'4 Unit ny Invest. H
Nat I3nam & St. 41Ji Un Hwy Invest pt 18
. i.ndin & S pf 99 " r-xpress ... 18
S'fit lilt Mex 2d pf U S Ind Alco pf.Kiali
Nev Con 2214 H s. "ealtir Irap. . 1B14,
N Y C & St L... 20 , IJ 8, 8 RftM pf. 501,
N Y O ft W 2d Pf 504 "i Car tem pf.m
N Y Deck 1114 va Car Chem .. 38?i
do pref
Norf &
40
South.... 24U
Norf ft West pf. 8114
North Amer .... 5(1
Ohio Oas rts .... 03
Owens lint 92
Pao Mall 27
Pali.Am 1'et pf . . no
no prior pi ci..
Plerce-Arrow . ,
I'eorla a isast.
v Iri.n c ft C,
Wabash Jl
do 1st pref.,,.
West I'ac II It,.
an prer
71
2011
3114
"1
t f
West Union Tel.. 9314
White Motors ... 4314
Wis Central ...; 49
Wilson Co nref-.ln"
38V! Woolworth 12J
tooiwonn prer.,ijs
People's Qas 7214 Worth rmp i M 3814
1'ere Aiarq pr pi 4.' "i" 1 i hmpia ut
DIVIDENDS DECLARED
Chemical National Hank of New York, $2.50
a share, payable September 1.
llrooklyn Itapld Transit, regular quarterly of
114 per cent, payable October 1 to stock of ree.
ord Septemberx10.
Boston and Albany, regular quarterly of S2
per share, payable September 20 to stockholders
of record August 31, -
Kennecott-Copper Corporation, regular quar.
terly of 11.50 a share, payable September 29,
hooks oiose pcpiemoer
ber 10.
and reopen Septem-
Ship Gold to Canada '
N1SW YOUK. Aug. 27 Gold csln to the
amount 01 sauu.vuv naa oeen. wiinarawn
from the Subtreasury tor aklraent to C-
New York Bond Sales
I200O Adams Bxpress Is.,,
75.1(10 Anglo-Prrnch 5s ,,,,
20(10(1 Am For Sec 5s .....
8IKKI Am Smelt ft ltef 5s,.
3II.MHI Am Tel ,1s
1000 Am Writ Paper 6s,. .
701111 Armour Co 114 s ,,,.
soon Atchison urn 4s
20110 A C Line 1st 4s ....
iiiihi ah it cnar f"
500(1 Hall ft Ohio 5s
20(1(1 do 4s ,,..,,
50(11) do rv 414 a .
20110 Hush Term Uldg 5s... Ml
ldiino Bordeaux 0s OSVi
100(1 Can (lent ,1s 1920.... li.i
I11110 do 5s 1931 1'Mt
liiillHMVnt Leath 1st 5s ... HHVi
4IHHI Chin Copper 7s ll.'Vi
7IIIKI Ches ft llhln rv J'is.. 78
1800(1 do ronv 5 8.1'i
7(l((l Chi ITti Mlti JUa . . fl-JU
2500(1 (! II ft Q Joint' 4s ..... 9(1
IIWll C M ft St V rfd 4'4S.. 81
High. Low. Close.
.'(ion do conv 5s
kkiii no rv 4'4s
40(1(1 C 11 1 ft P rfd 4s ,,
2soot) Col ImluMrlal 5s..,
Kkiii Col ft S.ulh 1st 4s.,
.1.1011 City of Purls 0s
4011011 Con tins rwnv Os . .
100(10 Cerrn do 1'iisrn lis. .
limn Den A It U 44s ...
321100 His See Corp f.s ...
20IKI Brie ioiiv Is Scr II..
koiiii Kronen Itejnili 514 s
,'imir urn 1,100 (leu
72 72 . 72.,
i.1t 93 I H3"s
11.14 I'.lJl I'-'S
9114 111. Mljs
iiii'J ihiJJ HAS
87 874 874
89t 8914 W1
87 80 8(IJ!
8714 87 , 8714
or 11T 117
; 11.1 0.1, 95,,
. .... 81)4 84 4 M14
S5k 8.1U 85J
89 Nil
H3J4 Hllfi
U.lj4 IM4
91, HI.
IIS',4 1'8 14
11514 M.jd
78 78
85 85 ,
92'4 92'i
11.1 ll.lt
4 8114 sua
20011 tlranliy Co (Is 10:
95 n:
Ml 8(1
119 09
tih 79';
844 SIS
!i:i(, n:i
Inn 110114
10914 108J4 Ki8ts
TO 711 7(1
7.1 74 i 7.1
51 51 51
118 97i Il7i
loo inn loo
95
.. 8(1
. 09 '
.. tllU
. Nl,
.. 944
. .1(17
101111 llrnd. Ililcn (I.
.190(1 'Ituil ft .Man rfd 5s..
10.(0 III Central 4s 19.1.1..
2(1(1(1 Inter!) Met 414 . .
40(1(1 Inler 11 T ref 5s
410(H) Inter Mer .Mar Os..
1 i()(ii Jaiutncso 414s ......
.10110 dn new O S 414"..
51100 ,ln 4U
llliMl l.k Sh deb 4s 1931
102.
102
7.1 7.1
112 II2S
90 III)
111 91
87Ji 88i
87. rr
imV, Il(l
rr.u 9.11,
934 04
10.114 lo.lli mils
,S 4.8 ,18
1Z
III)
91
88'4
SO',
87,
on.
10(1(1 Loll Inl of N Y l',4s. 9.114
.1000 Lyons Os 01
iriiwii Liberty llonil w I H'.s
99 90-100 99 90-100 99 00.100
50(1(1 Lou Cln ft Lex 414s.. 94, III. , III ,
Minn .Marseilles (Is 9.114 93t4 9H
511110 .Mo Kan ft TfX 4(is.,. 33 33 33
2(1011 .Mot West of Chi 5s.. 91'4 11114 9114
1501.(1 Mn Pao W L 5s 1923. 944 4li 94'i
a.'.idii no cm 4H n',
1
1011(1 Nassau Klrrtrlr 4s,
HiiFO N v c ft II avis
Ollllllll (hi Os
10IIIIII do 4K.S 9:
2 N Y City Is I03H reir. 91
Kino do Is 19.1S 113J
10(11) do 4s 19.19 II3ti
nildll ilr. J'i. ni' 111.17. .1112
il I NV Nil ft II 3ljs '50. 57
4(1(10 Montnna Power 5s... O.llfi 93V
(looo N Chat ft St L 5s....ll(iif 111)'.
51100 Nat Tube 5s 99S 99V
u.y, ni i-4
9.l"4
!.'.!',
Oil 14
711
. . 7(ii 7(l',4 71)14
..loos, 100 lnOn
1(1(1(10 do lis H.1J4
l.KKin N Y liwy 5m 21'
.iiiihi N Y Tel Ken lias.... 93Vi
llliill Norf ft West 4s.. .. 87Va
Kino Nor P.10 w 5s Oil
50(1(1 Pnclflo Tel 5s Hfl'4
50(10 l'cro Maniuctte 5s.. 8.1
2(1(1(1 St L I M ft So 1.4... 79
111110 do Ken 5s 9115
22(Hi(l St I. ft H V njt 0511
Mono do In 53.,
2(100 do Sor A 001,
llliill St Paul M ft M 1st 4s 95
3(1(1(1 Konhoiril A L ndj 5s 50W
3(10(1 do Sla 4s 7.114
21H111 South l'nc ev 5s .... 97
530110 South ltwy gen 4s.... Ml'
1011(1 do 5s H1I74
lliolio Texas Cn (is 102
10(10 Utah Pow ft Light 5s S7J,
.1101111 IT K llnliher .Is .... S3N
1311110 IT S Steel r .IS ...I(HV1 IIH.
Iiiihi I'n ltws S V 4s... :im 31'i
5000 U K (1 II ft I 5.... 97 97?i
57011(1 do .TH 1918 997 9V,
llllioil do 5Va 1919 11.15s I'Sis
8.1011 do 5', s new 1919. fill 14 119 ft
8(1(10 do 5'is 1921 111ft 91ft
1(10(1 Va Ilwys 5s IiSts l)54
50(10 West Md 1st Is HTi 074
III-
93 '4
93T4
102
57
95
201.
w.l's
871a
911
9(114
85
79
9 I la
111
53
wits
9.1
Ml
7.1'i
iin'4
0514
nn5;
102
87'i
83-.
11J
94
1I3'4
93?
102
.17
87 V,
110
9014
8.1
79
IIIV4
11.1
.13
(lll'i
9.1
5IP4
75V,
97
0.1'i
llfl1,
1112
87'i
8314
101
31'i
II7H
9954
9.1ft
99 ft
117 4
Total sales, Sl.89.1,()00, rnmparril with S770,
009 on .Satiinlny.
CORN AND OATS END
DAY WITH GOOD GAINS
Low Tempcr.itui'es in Northwest
Frighten Those Who Sup
ply Demand
nrt.ii.v nr.i.T wkatiilii i'oklcast
CIIIC.KiO. Aug, 27. FnllouliiB . 18. the
uoiither foreenst fur the next tlilrtwox hours!
Illinois Thunder dinners this iifternoon or
tonight, (no'er tonight north und estt Tues
day, grnerally fair, rooter.
Mlssoul Tlninilor showers this iifternoon
nr tonlclil. cooler tonight, eviept extreme
soiillit Tuesday, fair.
Wisconsin Fair tonight 11ml Tuesday, cool
er tonight und east Tuesday. . .
Montana and W online Fair tonight and
Tiicsdaj.
Inuii I'alr tonight and Tuesilayt cooler to
night. .Minnesota l'alr tonight anil Tuesdayi cool
er lonlght east and soutlii rising trinperu
lures Tuesday.
North Dm knl:i l'alr tonight unil Tuesday
night and Tuesday) Marnier Tuesday.
Ninth Dakota '1'iilr tonight iind Tuesday,
rnnler lonlght south, east mid central! warm
er Tllrsda.
Nebraska Valr tonight and Tuesday, cooler
tonight east nnd central) wanner Tuesday.
Kansas -I'nsettlcd tilth leciil thunder .bow
ers this afternoon or tonight enst anil south,
cooler tonight! Tuesday, probably fair, cuoter
southeast, uuriuer extreme south
CHICAGO, Aug. 27.
While there was rather free selling for
a tlmo in tho cu.n market 'oday tho low
temperatures In the Northwest appeared to
frighten those supplying the demand nnd
It did not take a great deal of buvlpg to
force tho market to 114 over Saturday's
close. December ended 14c below the High
est at $1.0914 to $1.09. The low was $l.ii,vs.
May finished at $1.0014 bid, an advance of
Use for tho day. The high was $1.004,
and the low $1.01Ts.
In the late trading early sellers covered
and commission house buying on a fair
scale was In evidence. Thero was some pur
chases of new corn from Tennessee to ar
rive hero In October and buying of Decem
ber on resting orders at certain limits was
fair.
The samplo market was rather quiet but
steady. No. 2 mixed being quoted at from
$1.80 to $1.85. and No. 2 yellow at $1.89
to $1.90.
There was quite an active trade hi oats
and at one tlmo some of the larger cash
concerns were good sellers, hut thero was
good support on the declines from commis
sion houses nnd from shorts and as a re
sult the market ended VsC to Tic net higher,
higher.
September closed at BS'iic to 531-.0. The
high was 53sic and the low 52iic De
cember ended 14c below tho highest at D4c.
The low was 52 Tic. May finished at the
highest, GTVjc, and Its low was GO Vic. The
samplo market was slightly easier nnd
standard closed at 53ai(ii5Cc, compared
with DlViUJODlie on Saturday,
Thero Is 110 market for wheat futures.
Cash wheat was Mimewhat lower, although
tho demand was fair. No, 2 red finished at
$2.15(iJ2.1C. against, $2.202.23 on Satur
day, and No. 2 hard winter ended at $2.28
0 2.30, compared with $2.30.
I.ei.dlng futures ranged us follows;
Wheat Sat.
Open. High, Low. Close. closo,
eiV..- ,. :...- 1 -'"Vi
luiii iiir, nvinriyr -
1.(I8'4
1.0354
r.s
1371
07
Dec
Mhj . .
Uals
Sept..
Dec...
May. .
i.aru
Seit.. 22.72
Oct... 22.7.1
Jan... 21.80
lllbs
Sept.. 23.10
Oct,., 23.0.1
Jon... 20.80
Pork
Sept,, "42.00
Oct... 41.72
Did. tAsked.
l.ofl'i
1.041
534
5 Hi
57Va
22.87
22.8.1
21.77
23.15
23 07
20.S0
1.084
1.041,
5f
50Va
22.70
22.07
21.55
23.10
22.92
29.50
1.0914
1.0014
5354
t.14
57Vi
1.07J4
1.0.11,
53'!
591,
41.87 41. 00
22.87
t22.8.1
21.07
23.15
23.07
2.7U
42.30
41.82
-a.. 11
22.55
21.50
22.90
22.80
20.07
1 12.2.1
141.00
4-
Financial Briefa
James B. Kennedy has been named chair
man of tho board of the Brier Hill Steel
Company, to succeed Henry H, Stambaugh
resigned.
The New York Subtreasury gained $5,
660,000 from the banks on Saturday, mak
ing a cash net! gain slnco Friday of
$2,908,000.
The Chicago Stock Exchange will be
ctosed on Saturday September 1, and for
Labor Day, Monday, September 3.
There has: been placed "on the Tegular list
of tho Philadelphia Stock Exchange $7200
additional American Telegraph and Tele
phone stock and ,16.900 additional Ken.
tucky Securities Corporation 0 per cent pre
ferred stock. On the unlisted department
there has been placed $7000 additional
Provident Life and Trust Company Com
pany's certificates of deposit for Phlladel-
HM. s.wh,. 4.40W IIIUIIiaKR. UHU V.I.
Sales in Philadelphia
Net
Low. Close, chge.
30 30 .,
.. t5A
BOVi 10V4 Vi
25 23fi
11 11
10 l(i Vi
.. t01 ..
51 51
8Vi V4 i
no 00 Vi
52 Vi 52 ..
3 3
20 20V ..
20i 20
Bfl 80 j
80 110
0414 94 Vi V.
4 4 ..
oy4 004 ..
4.1 4.1
7y4 78Vi
120 120'Ji
49 40Vi
82 82 Vi
High.
no Am ltwy Co so
Buff & Sus to . .
45 Klec Stor... 50
20 Ins Co N A. 25
100 Key Tel Cn. 11
38.1 Lk Sup Corp 11
Leh Valley.. ..
2 Mttle Schuyl 51
10 Mldvale ... 5314
5 North Penna 00
MOPcnna n It. 52
12 1'lilla Co c p 38
llBPhlla Klec. 20Vi
107 P It T tr cfs so
40 Hep Ir & S 80
50 Heading ... 89
2 So l'nc ... 04 Vi
325 Ton Bel .. 4
.10 Ton Mining 0
4 Union Tract 45
40 If O I .... 7814
4290 U S Steel. 122
W Je'r & S. 40V4
2ft Win Cramu.. 82
tQuotations given Is Saturday's close,
Total sales, 5822 shares, compared with 1720
shares on .Saturday.
MINDS Net
.... , -,..,, "I1- ''"V. Close, chge.
00Alll a &. K Bs DO 90 00
8000 Bald Loco
1st 6s.... 101 14 10114 KH Va
1000 Con Traction
N J 6s... 09 90 00 14
3000 Elec & Pcop
Tr Cs .... 7(1 70 70 S
looo Leh & New
Kng Cs ..10114 101 Va 101V4 ..
2000 Leh Val cons
4 Vis 2003. 03 03 93
4000 Liberty Bonds
W I 90 00-100 90 30-100 00 50-100..
2000 Penna Co
temp ctfs
4'. 4s 02 92 03
1000 People's Pass
By t c 4s 81 81 81
2000 1'lilla Klec,
1st Gs ...looy, 100 100
4000 Heading
Term 5a.. mm, mat, mat'. i. 1.
1000 Welsh Co Gs 1)7 07 07'
nnaturdV"' S30.300, compared with J30.350
Local Bid and Asked
Anierlrnn Stores ..,,
llaldwlt
I trill JO '
llult ft Susq t c
. .do prof
l.Icctrlo Storage
1Jener.1l Asphalt
do pref
Keystone Telephone..
do tr ctfs
Lake Sup Corp
Lehigh Navigation ..
I-ehlgh Valley
Pennsylvania
I'hlln Dleetric
I hlla Company
do .1 per cent pref.
.,," 'l'or cent pref
I'hlla It T t c
Heading
Tonop.ih llelmnnt ....
Tunopah .Mining
Union Traction
United (ins Imp
V H Steel ..........
York Hallway
do prof
Wm Cramp & Suns...
INACTIVE PHILA. STOCKS
Following are quotations for Inactive
Ftocks listed on the Philadelphia Stock Ex
change and In which there were no trans
actions today. The price given is the last
previous clot.0:
Alliance Ins 20 Leh Nnv
Amer Store :,7'i Leh Val Tr..i
Antral :::::: -Anr :::
iTf. ."'": -,0? $ C.ntr.1
Y t " ?a 1 a. nan
EXTREME DULLNESS RULES TRADING
ON PHILADELPHIA STOCK EXCHANGE
Bulk of Business Is in United States Steel Common, Which
Is Lower Norfolk and Western Railway
Earnings Good in July
A much reduced volume of trading took
place on the Philadelphia Stock Exchange In
the five-hour session today. When tho mar
ket opened there were very few orders 01
hand for execution. This was true both
ns regards the local market nnd the Wall
street list. The public was not represented
in the dealings and tho small amount of
trading that did take ptuco was done mostly
by tho professional clement.
If It had not been for United States Steel
common tho ticker would not have moved
very often during the session. Steel bright
ened the market a little, but It sold off.
Lako Superior was the most acttvo of tho
homo group, but lost a half. By two o'clock
only fourteen stocks nnd eight different
lionds had appeared on the tape.
The Norfolk nnd Western Railway tttn
Ings' statement for July and seven month."
which came out today showed good sai.
both In tho gross nnd, net for the ?!'
but, whlJo thero was n gain In the ?0i.
for tho seven-month period, the net ..
belpw a year ago. 3
Tho railway operating revenue for Jul.
totaled $6,821,889, an Increase of $97 7i
ns compared with July of last year; thill',
revenue was $2,051,801, a gain of $30 st
nnd tho net Income Increased $160 678 "til
$1,746,195. For seven months tho rallw,,
operating revenue was $36,623,828 an in
crease of $2,636,650 J the net was $13 oi
962, n decreaso of $1,216,773, and the ri.'i
Income showed n decrease of $96,341. win, .
total of $11,940,068. .wiin
I
Today Saturday
Mil. Asked, Md. Asked.
.1(1 301, .10 304
0.1 (I5'4 0.1H tui'I
20 2Ma 2(1 2SW
57 58 57 5S
.10 52 50 52
59 III) 5UV4 001a
19 2(1 19 20
.19 01 59 111
115i 12li n-i; 1214
O.i 07 0.1 07
1(!5i 17 17U 17"4
70 77 711 70'4
op; (iisi 111 '4 oi4
52js 52. 5214 52;
"JO's 2!l4 29 4 2,
33 3.1 33 .1.1
.12 3.1 32 30
.18 .19 384 .19
3(1 ail4 30 Sll'i
'S5 s, s HX.
4 IJ4 4JJ 44
lljs ll 05, ltI
4IW 45 4U. 4.1
1,3 14. 13 14
.'(7 3S 37 38
80 82 80 82
Am Its s pref.,.. no pini.. c
nald Loco Ofl'i ,, nrof
f.f'e,1 S..' "'.' -9A ?J Traffio
J.H.. . u.,! ii ci, I,,-, ,- K -y
u....(u. .n. ,ui, ... .,
Cninlirla Steel ...15,1
Catawlssa 1st pf. 52
Con Trao N J,,, 71
Cen Asphalt .... 20
do pref 50
Key Tel pref.... 11314
7fl
2714
40
5514
83
91
3S4
3.1
III! Co. nf 'si'l'"?,,'
Warwick r ft S... a
W N T ft P....
West Coal
York llwvn
York Ilwys pref.
21
7514
37
COTTON ENDS HIGHER
AFTER IRREGULAR DAY
Gains of 4 to 28 Points Are Re
corded at Close on Cover
ing of Shorts
COTTON HKI.T WKAfllKa CONDITIONS
and Illrniliigliiiiii. fl; rihreienorV Kt St
Maivin:r1c,,,iVi-s,oV:,;!'v,e.iii!wc,r:
NEW YOUK. Auir "7
Irregularity characterized the cotton
market tho greater part of the session fn
lay nnd at tho close prices were 4 ," ''8
Mint, net higher, but wero 7 to 13 Minis
below tho top of the day. About tho onlv
report to be Issued Friday Crop
wS?i,ln I,ressurB at the start was checked
by the Commercial Appeal report annm.nn
lug a condition of 67.2 against 72 int 1?"
The report said that tlfe poor prospers"' in
i'k tarteer4t1fe0,,llar,!:rsro,d0uD
slon bouses and shorts fr Comm,s-
hourbo0mkefwahscmter,rter 0f a"
with prices akutTnoln" XC T'YW
pXs-ma1,ew1srXirS-ment.
and. after their execution "Te-
Ki.r'':: ?.5?a
January . I;.' 21.18 Sl.M --Vi'? 5.1'? 22 10
Mayc"..::::';HV & hi al:i ss-jq
spot ::;;::;: svJd 18 --"' -'1.75 ayjs
-lll-ll; -3.o
Liverpool Cotton
LIVEHPOOL. Aug. 27.-Spot cotton was
slow but steady. w,th nuotatlona fi s
lower. Sales. 2000 bales : receln. ae.
bales, includ.i.g IT800 bales Amer,car,' iT,
quotations were: American i mlddHne, eP. l
Sft ! 1orlr?agyd,"lf:41o7d85d ! "'""'.
LOCAL MINING STOCKS
TONOPAH STOCKS
MocNamara ,PId Asked
Midway .. ; .17
Mlxpah Kxtenalon ..I.;....-!::'"',., .18
Montana. Ir. .13
worm Hiar
Hescus Kula ,,,,,f.
West End ,....;,";"
.12
.18
.10
COLDFIELD STOCK-H
Atlanta, ,,,, ,
Illue Hull ' 7,5 .'3
Diamf ii h ; ;; 'Si '$
Daisy ?i". "
Oro ., ' ' 'Hi "
Sand Ken lii !'?
MISCELLANEOUS '
Arliona United ,., ! ,A
Nevada Wonder 2,i8 '.,!?
'" -s- .34
Tecona Mining
CHICAGO BUTTER AND EGGS
CHICAOO. Aug. 27. BOOH Hecelnts 17 nis
roses. Firsts. S0&37C! ordinary n?i"'s s"f?
AiUef ml.eellunenii. .. ... .X 1' '".' a.te
? '.eU-SH "i m!'.llneous receipts, esses IneliXa'
BSffaonei uiriiss, siivassi checks, lsj'akj',
extras to grocers, fillers. SHU, u,iin. .:.T,acl
! , .BUBNB BPKAKMAN, from the Subtreasury for alraent to Can- l-Jaterat trust 8s,. 1, making total 1IU4 ' 4iUTT.?t,rIfl'tsPt iii'SSi n!s?ii,i-E,"':
INITIAL TRADING TAKES PLACE
IN BETHLEHEM RIGHTS ON CURB
These and New Preferred Stock, When Issued, Most
Important in Day's Operations United
Motors Moves Upward
'
NEW YOUK, Aug. 27.
Tho most Important feature on the Broad Street Curb was tho Initial trading
In rights to subscribe to new Bethlehem Steel "B" preferred and 1ft the preferred
stock to be delivered when Issued. The rights started at 4Vi and declined to 314
shortly after midday. Tho preferred stock, when Issued, was traded In at 110 to
110V4.
There was n steady tone to tho general list, with some stocks In good demand
nnd making material gains. A good deal of satisfaction was shown over the Im
provement In the market for United Motors, which continued Its upward movement,
selling at 2214 to 22li.
Submnrlno Boat was also strong, with sales at 2814 to 291i. Airplane stocks
were less nctlve, Curtlss not being traded In during tho day. Wright-Martin sold
at 9Tb to 10',i. Aetna Explosives was steady, with sales at 714 to G. Maxim
Munitions sold at 14 to 114.
Independent oil stocks wero steady, with most Interest attached to the trading
In Crosby Petroleum, which advanced to 7C cents. Mining stocks were generally
quiet and without important change In prices.
I..,
INDUSTRIALS
Am Iteductlon
Am Stores
Aetna Explosives . .
Am-Brlt Mfg
Am Marconi
Am Writing Paper.
Bethlehem B pfd w
do rights
Canadian Car Co
Can Car & Fdy pfd. . . .
Charcoal Iron
Chevrolet Motors
Cram
Curtlss Aeroplane . . .
Carwen Tool
Carbon Steel . . . ,
Emerson Phonograph,.
Federal Dye
Hendee Mfg
Kathodlon Bronze pfd.
Lake Torp Boat
Lehigh Coal Sales
Lima Loco
Maxim Munitions
Marlln Arms
N Y Shipbuilding ....
Nor Amer Pap Pulp, . .
Otis Elevator
Peerless Motor
Poole Eng
Itedden Truck
Scripps-Booth
S S Kresge w I
Standard Motors
Steel Alloys
Submarlno
St Joseph Lead
Todd Shipbuilding ...
Triangle Film
United Profit Sharing.
U S Steamship
United Motors
United Sugar
World's Film
Wright-Martin Air ...
RTANDAIID OIL STOCKS
Illinois 223 230
Ohio 30.1 375 38.1
Prairie Pipe 27.1 280 284
Stand Oil of California. .250 2.14 258
Stand Oil of New Jersey.500 59.1 69.1
Stand Oil of New York. .283 285 284
INIini'KNDKNT OIL STOCKS
Pat. close
Hid Asked (Snle)
. 03 0.1 0.1
.3.1
. Vm 1 0T&
. 5 10
. 2i 3
. 3 4 31i
108V4 1091i ..
. 3V4 3Ki ..
.28 31
. 03 09
. 8V 81)1 ..
. 87 00 87 Vi
. 78 8.1
. 44 45 44
. lovi io:)i io-i
. 0.1 100 07
. (I 7 0
.40
. 28 34
. i Vi ..
. ayH oi4 o
.73 78
. 30 58 57
. Hi 1 1
.110 118 11.ia4
. 40 . 40?', 43
. 3TJ, 4
. .12 30
.14 10
. 75 8.1
.15 10
. 7 2.1
. D.1 100
. 10 11 10V4
. Vi 8 8V4
. 28 28V1 28
. 10 20 19V4
. 70 81
. IVa 1 lft
. V ..
. 4 4 414
. 23Mi 23 324
Ii ..
. OTi, 10
. 1 2 10
Barnett Oil &
Cosden & Co
Klk Basin ...
Federal Oil ..
Inter Petrol .
Houston Oil
Merritt Oil ..
Oas
2 2 Vi 2
10Vi 10 ."
1114 ll 114
4 5 5
12T4 13 127'
18 10 10
36V4 30 37V4
INDEPENDENT OIL
Midwest Befinlng
Met Petrol u
Ohio Fuel 18
Oklahoma Befinlng .... 0Vs
Osage Hominy 0
Hlce Oil y4
Sapulpa Befinlng 104
Sequoyah 1
Sinclair 24
United West Oil
MINING STOCKS
STOCKS Continual
Sat. cloaa
Md Asked (Hale)
..170 178 118
IV IV
19
0v
04'
'i'
H
104 10
4ft 1ft
26
Alaska Standard
Atlanta
Big Ledge
Blsbee Copper (a pros) .
Butte Copper & Zinc...
Butte New York
Cal & Jerone
Con Ariz '.....
Emma Consolidated . . ,
First National
Ooldfleld Merger
Cioldfleld Cons
Ooldfleld Florence
Coldflcld Kcwnnas
tlrcen Monster
Hecla Mining
Howe Sound
Independence Lead
Jerome Verde
Jumbo Extension
Magnate Copper
McKlnley-Darragli
Magma Copper
Mother Lode
Mines Co of America. . .
Nevada Hills
Nlplsslng
Ohio Copper
Bay Hercules
Say Toy
Stewart
Tonopah Extension
United Verde
West End Con
White Oaks
White Caps
Yerington
, 25
. 11
V
0
Hi
. Hi
. 2A
lft
5
.11
14
11
0
z
0
Mi
23
I!
n.i
4.1
32
li
1.1
8V4
lft
304
13
ft
2
354
73
lft
23
28
13
1
10
1
1
2ft
14
3
7
64
18
14
04
5
11
I'll
28
)l
70
47
34
1
23
8
l'a
3
It
11-32
2
364
73 .
34
14
23
BONDS
Bethlehem Gs
Cosden & Co Gs ....
Cudahy Gs
Erie 6s
Prencli T....lntnn, ....
Itusslan Government 5 lis 704
Itusslan Government 6is 80
Southern nallway 5s.... 00
Sinclair Oil 6s . ' .00
Todd Shipbuilding 6s ...100
084
03
0.1
93
064
08
03
07
100"
07 V
71
814
07
03
102
23
It
1H
"Vi
Hi
Hi
JrV
Hi
74
Ir.
2
27
H
63
41
33
84
IVi
134
":
,4
(Ufa
71
LOCAL DEPOSITS LARGER
'i sTJ
Excess Reserve Also Shows Gain for
Week
The average condition of members of the
Philadelphia Clearing House Association for
last week follows:
Aug. 27. '17 Aug. 20. '17 Increase
Loans S553.240.0UO 1333,273.000 '127,009
Kxchnnges
Clearing II. 17,500,000 17,970,000 410,000
Duo from
banks .... r.-.',4U4,o(io 117.390,000 5,003,000
Hank dep'ts 100,914,900 102,041,000 4,273 000
Individual
depoalts .. 401,504.000 458.742.000 2,702.000
Tlmo deposits 3,800,000 3,774,000 32 000
Heserve with
depositaries 68,730,000 54,025,000 4,711 000
Cash In '
vault 24,003,000 24,354,000 231.000
neaerve
renulred .. 53,335,000 53,107,000 2"8 000
Excess of res.
and cash In
vault 28,000,000 23,272,000 4,734,000
Decrease. ' ' "
In addition to the deposits above there
wero this week $18,321,000 Government de-
posits, against which no reserve is required.
MONEY-LENDING RATES
NEW YOUK Money opened on call at
3 per cent; high, 3; low, 24 ; last, 21403;
ruling rate, 2.
Bates on time loans were nominally un
changed today at 40414 per cent for slxtv
day 44m4 Per cent for ninety" days'
4 74 6 per cent for four months and 6 rier
cent trading figure for Ave and six month,.
On Industrial loans, on which thT ;
bulk of the lending Is conduced, rates av
erago 14 per cent over the level or, -
mixed, and In the case of long.. L. fS32
in some cases ,, per cent h.ghef p'rTces'nave8
37i3,, per cent on' eligible.. M and
PHILADELPHIA Call K m.
time. 6 6 per cent. Commercfa, r,".
three to four months, 6iS?i n.rnV'
six months, 540674 percent. nti
LONDON Money on call ..
changed today at 3 per cent -A?. U?"
of discount In the open market The lato
bills was 4 per cent and fnr.t. r Bhort
bills 4 13-16 gercenla"nchfangtehdr.ee-"'"'''
. Bar Silver Jumps Again
High record prices were ,,!,", .
sliver In New York and I Londni?0h(. hy br
when the white met." sold" rfliK?,!L Y'
the former city and at 45 penc. ii .tV"1! In
ter,3 These are the h.ghestalC',,1
Comparisons fMlow;
a-isbi!HwaeS5 ftfc, aMi.ejrf: 4
M
BETHLEHEM FINANCING
Understood That $30,000,000 8 Per
Cent Preferred Will .Be Issued
NEW YOBIC, Aug. 27. Although no of
ficial Information was obtainable of plans
of Bethlehem Steel Corporation, it was
learned from an authoritative source that
the proposed financing plan was thoroughly
discussed at this morning's meeting and It
was virtually agreed that the company
would put out $30,000,000 of 8 per cent pre
ferred stock, convertible Into common
"B" stock at around $1.15 a share. This
means that the company Is paying at least
10 per cent and probably more for IU
money.
nn?l!LBethlehem now has more than $300,
000,000 orders on its books and is showlnr
e.e! a" charK" each month, of about
000 000 r at the annual rate of $0,-
FOREIGN EXCHANGE
NEW YOBK. Aug. 27. The foreign ex
change market generally was dull today,
and there were appreciable changes In rates
from last week's closing figures.
Cables from London on rubles were weak
owing to the reported political and military
troubles in Russia.
Quotations were:
Demand sterling checks 4.75 9-16, cablei
4.76.7-16: sixty-day bills nominally .4.72.
ninety-day bills 4.70.
Franc cables 6-76.14, -checks 5.7714.
Lire cables 7.45, checks 7.46.
Swiss cables 4.41, checks 4.43,
nilllriet palila. JO .1..-1 ....
Pesetas cables 22, checks 2214.
Buble cables 20,60, checks 20.60.
Stockholm cables 33,45, cheeks 33.20.
Christlanla cables 30.66, checks 30.40.
Copenhagen cables 30,40, checks 30,15. ,
BANK CLEARINGS
sJ?nrth5.c.,it,n", .t0,,r compared with corre
sponding day last two years:
ll!ji1Ale,pnl',i3'812.2R $31,18?218 $lt?.188.020
SL,On.","'.Su.(,5.107 10 528,8.11 14.867,604
New York... 341,807,518 204 881 2.12 208.O18.oM
Kt,,tln.?.ri,,, 2.78.782 5.188.783 4.429.788
-. Lou's .. 23,895.82 17,074,089 18,010,022
Cnlc 77,072,048 68,147.768
NEW YORK COFFEE MARKET
NEW YOBK, Aug. 27. The market for
coffee futures opened unchanged to an ad-
vanea nt R Hni.i. m , ...- ,i'M..
, i . "",ka. i-ruuinar on wo van w y.
fairly active, sales amounting to 3500 bags.
8
aw Closs Cli
ffl .id :
Haf.i ,-j
,,,, Open Mlh Low Class Close jJ
S!5'fJK.b""M..i. 7.4Q 7.50 T.47 7.44 .1.41 J M
gnVyV;:;;:;::; .? m ill . A
M .. ta.4lN.UA -i M.Q . 1.1111.111
. . , . v. . , . -. riv tsii. m AU ;:
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