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EVENTTtftt T.i?rrtT?T hTTTT.TTr,,
MSSff OF THE STREBI-PHlLlBiLPHIA MARKETS
.SHOULD WU WAVE "PROFITS" TAX
TUESDAY, AUGUST 28, 1917
AiNU r-Kiuijj-jiAlJNU- AT SAME TIME?
I England's High Excess Profits Taxation ifitnir
ll Tmnnvfonf Pn-ii1 -P T..
Gossip oi! the Street
"WHAT ,s my oplnlon on u,c woposcd excels profits tax?" r.skcd nn Uptown in
p ' ''vestment broker, repeating tlio question put to him.
"Tlio Government's! nct'on puts me in mini! or the Irish nokller. VO.cn Ills
i lupcrlor olllccr usltoil him what ho w.-w dolus with his blanket, mid ho (,i:Viveicd,
i 'Bedail, it is too snort una unin t cover my fret, m I'm cuttins u )lecc ftVn the top
i to w tno botlom an1 lna,o it longer.'
"It seems to mo that It Is absurd both to i prices nnd la excess ir-nilts at
the samo time. It looks Uko 'takhiK ioniothlnt; fiom the top to bcw on to tls Ijottom'
io as to plcco out the necessary tacs."
''. "Iiseo by advices: from London," remarked the principal of nn Investment: house,
, "that ono of tho reasons why Unglaml mado.Buch drastic excess profits taes, which
In Bomo cases wero as high as 80 per cent, was becauso alio found It cpoGdliifily
difficult to control. prlco regulation. The Influence of the government In tlM market
,s the chief purchaser, however, has proved atmost.as effective In Enslnnilj I under-
itand, and unquestionably that will bo our experience here.
"I sec," ho continued, "that In Cimlnml Itnanclers believe thnt lilglti luxation
during the wur will check lnllatlon and aid in imiperntlon uftorvvatd."
Peace Bobs Up Once in a While
' Every once In a whllo the subject of peace is broached In iionu of tlw IvtoKors'
' offices or board rooms, but It docs not s-erm particularly popular. The w num
bers who havo entered tho army In ono way or another from financial htuy ioi may
bave something to do with this almost ujilvcrfal unpopularity of tho "doo if. jence."
In one downtown otlleo today the nubject camo up and the speaker, oe of the
house's customers, said: "So matter what effect the discussion on t li,'j subject
may haVo on Industries now operating under high-pressure wur demand, )i know
, of a number of bankers who arc inclined to look on pcaco piospccts wit'd a great
deal of optimism.
' "It would end," ho remarked, "tho present world-wldo destruction r 'Capital
" tnd turn labor into productive channels where it is badly needed."
k Northern States Power Company Shows Gains for JjLv
Tho net earnings for tho Northern States I'ov.-er Company for tho Ifioilth of
' July, 1317, wero 19.1 per cent greater than for Jul. 1916. Gross earning for tho
jnonth Increased 21.0 per cent. For the year ending July SI. 1917, the lnrftaso In
Bet earnings was 11.1 per cent, nnd for tho ram? time there was an lnffc-aso of
17,8 per cent In gross earnings.
The report of the company stntts the new business gains arc BatlsfufJjoiry.
Present Conditions No Occasion for Worry
"No one can mako mo feel blue over present conditions," lemarkcd ois of tho
oustomcrs In a broker's board loom yesterday.
' , "I know," ho said, "the market is dull and all that, but look at tho mcujy th.it
,Is being spent In this country by the linvcrnmcnt, bv England and by France.
v That money," ho continued, "Is all going tluough our industries; It Is not) having
the country, and wo arc bound to see It reflected in tho general prosperity mt tho
nation. I read somewhere that we arc spending $30,000,000 a day in connection with
the war; Ilngland is spending much more than wo arc; Franco is spending llb&ut as
, ouch as wo are, and they nro both spending a lot of it here.
"I can't feci blue," ho repeated.
Is the Auto Supplanting the Inivrurban?
., "There are some parts of tho country whoro interurban traction Vptftle is
declining, and many people don't know that It Is becauso of tho competition tt tho
Automobile," remarked an Investment banker to another.
"Take, for instance," ho said, "all over tho State of Indiana, the western nmt of
Ohio and tho greater part of Michigan where farmers have, almost without r-srep-tlon,
two or moro automobiles each. These people don't ride In the trolley cars
any more, although there is a network of them closely covering and unites that
uholo territory.
"Ueforo the advent of the Interurban lines In that section thev were V,pl sup
plied with railroads, but they were nearly all trunk lines," he explained, "a $ these
lu'.erurbans linked them, and teemed to have a splendid future. But the che.'f rjtito
Dobllo came along rfnd upset all calculations.
"Maybe," he safW, "there will como another tv.ni of tho wheel to brliip Ikcse
interurbans in that territory into their own again, such as famine in g.nliwe, or
something of that nature."
Longing for Definite Action at Washington
"I sincerely wish that tills week will clear up all doubt nnd uncertainly about
, txcess profits and further price fixing at Washington," said the manager of ty down
town brokerage house, "and lot us get clown to business when wo know thl vorst.
"Tho trouble," he continued, "is thnt thcro are too many small-town fyoMntry
lmvvera n en,. lnr-1clnHi-n linlla In Wnshtiitrtnn. ivlin ilnn'f Imimii- thn flew l,t,vl Mhnul
V "-" "M. .M.".." - - O . " ...,w., ...v. ,...-- k.....) .'kL.V
inesft subjects and cannot treat tnem irom a nroau standpoint.
''Of all men," he bald, "I have found lawyers the most iticapablo busing men.
and of the two classes in these small towns, tho small merchant and tho smalln u ivyer,
rlvo mo the small merchant every time.
"I havo met," ho continued, "many of these small merchants in towns ln New
Jersey, and all they needed was opportunity to be really big men. nut thivCoplo
never send that class of men to "Washington. They pick out tho Mnall lawyer who
"thinks" ho has nothing moro to learn and proceeds ,not to Itain It. When li.r Caees
a situation such as wo havo In the country today ho gets his first opportunity to
display his crass ignorance of everything connected with finance. The smslll mer
chant has some ideas of finance and taxation ami, aboc all things, lie listings and
, learns."
it
t c
Municipalities Find Financing Exptnsive
As a sample of how dlffcult It Is to get money for nny new financing thesV rfavs.
the head of a banking house called attention to the fact that somo cities nro paying
.Wja prices for such funds as they need, especially Canadian cities, and tley aro
.resorting to tho modern method of Issuing short-term bonds and notes ii high
rates. Some of these cities, ho said, are putting out ilvo nnd ten-year sc utrjtlcs
-.yielding, at tho price they are being sold at.from C to 7 per cent. Only a ffi;V' Hays
o, he said, tho city qT Cleveland, O,, sold Its 4 per cents at par whero unie or-
dlnary conditions they would command a premium.
i No Market for Inactive Securities
"I have nover como through a time when It was so dlfllcult to find a Market
'of some kind for Inactive secuiities," remarked the manager of ono of the, uWcst
ird largest banking houses today, after a conversation on tho telephone 'fin a
customer. "It Is hard enough with active securities, and even in dull times, pnnlftus-
1 1'. wo could find some kind of a market for anything that had u vnluo to It, mi at
Present theronre no hidn." '
Five Per Cent Taxable Bonds vs. Four Per Cent Tax Frcti
1-ondon bankers are figuring out whether our noxt issuo oi Liberty liondsuwkudd
, ke more deslrnblo if issued at 4 per cent not exempt from the super tux, or it 2$
! Per" cent and free from M taxation.
, Gioat Hrltnln experimented both ways with taxablo 5 per cents offorcd an 9,1
Wo 4 per cents at par, free from normal Income tax.
A't tho end of last week the C per cents were quoted at a discount of i,jj pMnt
Ifrom. the Issue trlco and tho 4 per cents ut more than 3 per cent premium, bifjt. this
I. Ur&ttrlbuted to thoexpectatlons of.n hlglier incomo tax.
1 wnen tho British bonds wero Issueil suoscnoers couiu eciect o per ceiu;i rar
(Per cents as desired, and It Is said that nine-tenths of the applications wS,g for
t i Per 'cents.
Another View of Excess Profits Tax and Income Surtax
Samuel Untermver. tho well-known corporation lawyer of New York nm him-
lf a strong suppbrter of tho present Administration at Washington, in an InWprtew
n the proposed changes In tho income tux law iiow under discussion and ujffo on
the txcoio r.w., ..,in. ,. nt wnmliiir for Congress to go slow on Wufo of
i,U " '"u"' S,"""s .w.w w. ..- -
'lese matters.
Mr, Untermyci- has always been a stanch supporter of the income tax tyi tho
f only just Way of raising revenues, but he maintains that the nddltlonul surtay on
ij "'toniea of J200.000 and over will defeat their own purpose aim mum auum. w-
.f.'n real estate and In security values of railroads ana industrials tne hkb ot yiwcn
'' never been known, ns every man with an Incomo of over $200,000 would ln.reAso
" not Income by selling almoBt every ipcoma-paylng Becunty no now noms Mi ia
d on the Now York Stock Exchange, even at present low prices, and inviting
tit. t 111. . InrtnmA nf fL4lfk fU
j !," proceeds in State and municipal bonds, una qvory ono mm an nwu w-
t r over u-n.ii,i n.i . i.i .. mnvert his holdings In securities an al
LVI t -.- ... '...'.. . ' -.,ia '
r o ai por cent united states uowrnnwin .
I'. to tho excoss nrofits tax. Mr. Untermyer says ho believes that, 40 per ciAil, of
W excess profits Is the uttermost limit of public safety, and he adds, as its i opWm.
W no crcat mnnnfnpi,Hn inriimtrv in this country'now has or has had a, my
In Us history as much as DO per 'cent of Us total net profits In its treiW.
"'viQQing: all tho dividends paid Its common stockholders, iie n. i ii
kaed experience of nrlnt nrimm. with Its 80 per cent excess profits tax. too
Llr Precedent or criterion.
.,, Wilt Sell nalhVay Bonds
HICAQO. Auc. , 28. Kdward Daniels.
liJi1 ., 'w"r'' i" " aeptemuer ii
l Public Ml at Indianapolis 1600,000
UilTt'S "re Railway first rnortBaRO
;wai.aiii Heptember. 1, J:,
HtBJ few1 MbanriMM . a TnlMirkin'
i ww. ,m w ".
R. R. to Pay Interest on Bonjjsj
NEW TOniC Aus. 28. The dlrectw of
New Orleans, Tews and Mexico IuAwjr
romnany havo ordered tho payment o Cjo.
Si"ofl per cent interest on i h per
i imMiaMmmmmimi'mwF'T"fF!F? i r,
i PHILADELPHIA !
! ' MARKETS
GRAIN' AND FLOUR
",'" nmU,7,u'"",t' 3:!'11" Lu,h rtlt m4tket
I""' maTi111''.'!' 21"? .,,u'' s''ot uppll
Ilonli v1".1'rr l!." tnr lornl trnrtf. lo lora
x' S I.',?,' - rllow- t.05l,00i do.
OATj"n'1 i. nomlnnl
In MnnlT! .,t,rr1""' "n."s buxh. Old oat wet"
liUl. i!I?JP.ly- on.1 olum fr lurittly nm-
'I'ndirTi l,l..n"JV.!...,u,,.,.' nl''' ',)M,lt:.
o:..'."..... iiiii. . . 'ii n ti uni.A hm
safi c. vm . ia- 'fii",i no a hito,
1-lAil'ii r. ' "Mp- "' 7lWr.
In ari ,tJJ,M',lni. TliH hliln niJ SSO.r.OO I
1'Ur n.i,i ,V'"T'' """ " 'nlr "I'nianrt for r
nfi.fi,.'""1 'n" mnrki-t rul.l firm undfp II
Inn n? in.V10'"' n,,, I"'1' "" "'. In "'""' "'
Ibi
not
laht
WIMnr
K,(. ... r... . IKIUIII .ir IPUmi
111 "-.i ii -V' V" ' '" ". wniiMK. iir now.
'!" lit. !.'": ,l0' "If"!"!!!, n. IMROtflM
rl'dr M ii .'" '"'Wl-' -'1. M'Nim. nrm
1.1 ,'? ,."!." "" "I"- IMlMit. old, 112 HUM
' "l " Jl"1" I'rnti.l.. tiafi is '-', rlty mill.
Ini"ni t,r,"'.,-"S....wJ.ril!I Strnlsht. linv 10 r.O
with i Ji'...V':ilT.l. Han '" 'mill nupply unit Htm,
in in h','laiul '"lr'- ''IH" We qm'tJ i 'J1 III.
juillli. '"' "W''0.
Thn
fpot.
PROVISIONS
afcortllfiK lo
wcrn.i.?," " ,a,r JnWjlnit Inqulrj anj value 1
In .,.' d"V milntHlnpJ yuotatlotm rily Ucf,
IrJ ...J mc,l"''l nml nlr-ilrlfj, .He, i.trii btf,
" ,7'" Kinokp.l, ;i4i., eit liif, Lnucltlvn nnd
B'fi 'niokH iin.l nlr-drlr.l. HV. cftcrn
nimi. t.1ii.V; purl, fmnlly. HT.r.off IS, liann.
"ji ' l,.r'rt- l00" L'Mi'-'.Vfrc, do. Hklnncif. lom,
h.,f.. "c .V 'I0- unokul, S.Vi iliL'ilc. "thiT
nil. . """"v"'1 ',IV urJ. n in lirnu.l .in.l
"rn..,?- -"'Wi'.. do. (mink, d. w'i rn fur.'d
;',f.r" ..''" bnlluil. bom'IPFn ,111c, DlPlili
.OU,'I' r,' s 1 tur"il. IO.I-M-. SIN-, lo. KllloHml.
,-',' ",'"' ' ii'vls lumrdini I" inTa
10 no, .11, ,ri..1,f,l,l imfnn, hi. lo brnnO ii ml
"'""'" ;il iiir.il :i7r, broiilifuiit tmidti ul
!,l" iipotl. n,c, l.ird wom.Tii. t'llm-d. Uprc-.
j,. "i' "o ilo tubs, -jr.. bird i'i.r. ilt.
Ijf"1" litclrrnl in ti.rui- L".c . do. d i. In lub.
REFINED SUGARS
, Thumirknt .n nul"t on .i b.iMs uf 3"tJ
i io for ixtra lino Kninulalcd.
DAIRY PRODUCTS
WTrun Tho market riib.1 llrm nnlr
lent ofti-rlnsi and a Rood rtt-inand (juotatlonn.
Wontcrn, olld-pnckpd rrnvinifrx, fanoy ipoclnK
l'ic. ritrii. la'iUIUi' I'xiru tlrKta. IJ. .
tlrts 12oj tfcondn. 41c. nrnrby irlnt fanry,
tf. axernirr- i-xtrn, 4flO 4T-. lints, lllfr.o.
lo-rond". 41'VI.I., tiK-eliil brands ot prints Job.
t'ini: ut ."IV "4c.
KQIIS PIhh ncw.I.iM rcnH wero srarco and
nrm. with itmnnd falrl nottte. Quotatloim
I n-o imicp. nearby prlnti, $12. '10 pr iilandard
enno. nirrrnt rprelptw, $12 Hd p. r uao; anond".
ljotiiril '.'. per rn. woiL-rn "Mra tlrnlK,
112 hi ivr r.io. tlrstn. $12. In p-t tnio. nocund.
$n ll.-.H I 1 2.1 per rl;i., fntli' 8-t?lUd ctjs
wfro Jobbing at "iif5tp per do?, n.
I'MIIIWn Pi fair ioiiu.t and nrmh bold
JJiiotatlon" Xfi Vork. full rrini, fHfii-), .Imw,
-'J: ap'tiiti liUhpr. frrih-nindn Lest. 2IU "if
-'I'jc , ohoic-o. 23'-i f(2li . fair lo eooi, 22' Sf2.1i
POULTRY
l.IVH Tin markrt rub-il firm undei- niodpr.it.'
orfprliiRH nnl a f.ilrlN aotlve iIpiihiihI Uunt i
tlon Pirnl. ' to ooalltv. 24t2.' rnontpri.
lilrii-f u-prliiK ihlrkttu not l.t Khorns. plump.
vpIIow nklniuil. wi-lahln 13 It 2 lbs, ap'ooo. Ji.1!
1-Vc. do do. Hir.allfr hIzps 2I1I2m' vVbllo I.p
horni 225f J.c. ilmks lv-kln. IfifrsiK . do, ln
dlir liuniipr. 17'filhi. do nprlm; 2u1i21 .
Mpons. nl por pair. 2ri'i2tli. do, ounit. I"-r
all-, 2015 220
I)Iti:ssi:i) Tiip m.irkPt rnt'd firm with di
inml uhsnrlilnB tho limltpd otlcrlnni of lino d
slrabl" slsi-d Htm k. Quotation follow Tuwl",
I.' to box nillk-l-il. dr pltkod. l,ilu koIpcIpiI.
2T1(iP wtlvhlnK IW lbs ind ovpr anloio .-7o.
do. t lbs. iiPIpCO, 2(',lar, ,o. 34 lbs. npliC", 25'joj
do .1 lbn. aplPip 2iiI2lo. fowls, toiil, tn bbls.,
uimv dr-ibUpd. wibjblrK 1' Iba ml o..'
aplppp 2iUic; do. I lip. aplppo, 2ri!a W'JOp:
sn.allpr ?ls, 20li22i- old rootpr.s lr-pttkld,
l!ip, brolllntf c.ttckrns, Mtlicblnv P-j'T' lbs.
aplrp Jprspy, fancy, 301 a l Vlrsliila, fancv.
2(l'(i2'c. oIIwt nparb. 2."i fo iilo . wp.mrii. 21dii
2ip. turkpK froli killed, loirt, lur lb wstpru.
bent h!i' .'.I1t2lp, rominon. 2lW22i . ilurka.
uprlns. Jlr4 22c. Hftuibs. p,-r dozim. whltp,
HPlRhlnR 11 to 12 lbs ;,pr clozin SI21M.", do,
do. !l to 10 lbs. prr dnrn. $:i.ii,lQ4 111. do. do.
S Iba pT dorrn $2.7."i'tia 10. do. do, 7 lbs. per
dozen, $2 2."!C2Cn. do. do 11 to l' lbs. prr
diucn SI T-'"'l. dark, tl-,"'H2, small and No
2. O'lo a 8 1 '.
FRESH FRUITS
Thr . h fair rtcm.inil for inot fruits nf
tlolrahlo quallt ami h1ihh K-nrjU with
Hifiifiiiy mnlntfttnd.' Qnntniloiiri Apples Vlr
rinl.i, r-r t M (Jr.ifti"teln. n."Oii Ti. Hummer
IlimlKi. J.T .'lOtrri, UValthv. t'AGl Ai'pl!".
ruarbv. i-r h.inip"r, .'nclfl ."rt. On do. jut - -buh
biKlct lTrV $1 l.f moim pt 1ok. Mftl
tl IMnr HpplPH l'yrto Illco pr crHt $- V6fl.
Uniipi, 1)"1 irtar l er f-h'iskft arrlr. 7Tm f 5 1 .
tVintnloupfB Noi ih t'urollriu. Hldieavi 7."f Ii
t , rantnlnup''. iMl.twar .irJ Mftr 1 nvi. ir
Jumho riat1. 7'k $t . nut ilnuprs lHiiwar nmi
Marjlaivl per HtanUarri ituIm, uHt (St S I . mntii
i.nint" l.lavftri' .nnl .MariL.ti'l p r pm uatn
4n!t.r rintalntipfR fallf iruta Turlorlc, p r
Ptar.'lar! rate, K'.'.TtC J,,"o, raut.iIutipH, I'nll
fnrnla Turlo K. pt P"ns rnto. 11 r.Oiy 1.7r,
enr frilnup" California. Turlotk. pr flit rrnte.
$1 Wl.'JI IVirhri LelAwar. Marlinl, Vlr
elui i hiuI Pt Vlrfflnl.1, per crate, Jfy U.
jit tirlioft. I)HdHr atitt Marlan'I Ilcll and VA
l prta. lwr lH-quarl hakt, Ttttr ( $1 , ja( hf .
Vlrirlnla and Wt VlralnU. jinr Imsh.-li.iikPt.
it"n f( $1, J." Pt'arn, Del. mar1 and Mailund. per
hamper H-rtl-tl $1 tnuno Sf k-l $1 75 tf
Z"u. Wrttiiint loni, per rar, fGO'O --.".
VEGETABLES
Tbs fpnernl market ruled steidy under mod
erate supplies and a fair demand, (luotatlons
White potatoes, Rnitern Shore. pr bbl No 1.
2..'.iiSJ.1.2'i. No. 2, $1 2."iff2 White potatoes
Del.iunri a.nl .Mankind, per bbl No. 1, V2 7,1
'11.12' Uhll notatoes. Jersv) Ik r . -bush
bisket- No 1. i;.'i'7,V. No 2. 31V.MV. While
potatots. por bush. $11.2.' hwtet potato,.
North farollna, per bbl No. 1. ill .10SI4.2".
No. 2 I1.73W2. Sweet iK.tatots. Vlrclnia, p. r
hlil No I. J4 r.Oll .", No 2 (I.7.1VJ 2.1 Sw.et
poiato.s. Jersey, imr S -bush b.iHk.t, Jl,,-iifi
1.7.1 Cc-ler. New York per bun, li. l.ltfr.loi,
I i itupp, N,w York, per box, .1Hcft$l. onions,
.lerse" per N -bush basket 7,1eJl$I. do, i;ist
irn Shun, pt r hamper, 40ifril. do, Urauto
Countj. N. Y.. lr hamper S1C1 2.1.
GO I 'ERNMENT'S LOCA L
MARKET REPORTS
Thin fluffy report to rnf. out by tho
Bureau or Markets of the United Mates De
partment of Agriculture, l'hiladelphia
branch. Kith headquarters at SOOtS In
surance r.xchangr Hullding. Bell Tele
phone, Lumbal d 77.
FRUITS
ArPf.HS, VlrnInU ami West Vlrirlnla. per
barrel (404.1 quarter peeks), arlous arletles,
$2W4 7."! nearby, per -b ishel bisket ih li
uuaner pedta), hand-plikcd, ",'c6Jl ,10; culls,
i; it She
1IANANAS, pt bumh (10-13 dozon), $1.20i
l.liO.
lll,ACKni:nnii:S, New Jersey, per quart. 11
1 2e.
CANTAI.Ofl'CS New Mexleo. per flat il.ito
(12-1.1 melons), pink m4ts POpff$,1o. nearbj,
per -bushel basket (1.1-lft melons), ,1o7fic.
iull :'ni4Ur
ssm
iiAimH hnatfl 1 1 ftl t '! . nenrbv. tie e 1. .linshul
basket (2U-25 pounds) .108 .; Ijeliwares, pi r
b-basket ente. flOSIOe.
l'UAt'HUS. New .lirsej, per rt basket rrate.
f'hnmplons, $H17.1 tier H -bushel basket (0
nuarrer pecks) Champions, Ilelles, 2.1e'8,$l,
Delaware, per lfi-ouirt hasket (7 quarter petks),
i:ibertas. Ilelles. Iiiowtl. V irtlnla. peril-basket
cn.to. Ilelles. II 7.12.2.1. i:ibertas, $24f22.1
l'llAllH, nenrb, i r bushel basket (R-l)
quarter peeks), llirtletts, 11.20, inoktm; pears.
2.1:i.V.
ri.f.Mr!. New York, per 8-pound basket, Wlek
sons, 2.1e.
WATEUMKI.ONI. poor demand, no early
sabs; nearby, per I0O melons, best. $1B30.
poor, $1410.
SOLD AT AUCTION YKSTnilDAY
OIl.M'ns, California, per 4-basket cralo r2t
pounds), Malagas. ll.20wl.7S, Tokays, 11.25CH
1(1.1: Seedless, UlloO I1.1B.
PRACIIKS, California, jier box (72-100). 1:1
fcertas, ois.1e.
I'lJAHS. California, Ilart'etts, per box (125
17.1). 2.23a.l.il.1.
r.UJIH. cajlfornla, per 25-pound crate, Orand
Dukes. SI. 2.1W I .1.1.
HUOAlt I'l.UJIS. ?,1o.
OltANdKS. California per box (larce size.
10-12 dozen). 2.1.1f3 13: medium size (H-Iii
dozen) 2.4nv4.60, smull size (20-20 dozen)
$2 aiKM.wi '"'
I.KMONH, California, per box (23 dozen)
tn 8S: (30 dozen). $2.00. ""''
VEai:TAHUES
I1BANS. nearby, iw S .bushel basket (0-10
Quarter pecks), ercen, lie 1.16: war, 73000c
nUCTH. nearby, per bunch. 2Se. ""u"'uc
CAHIIAOB, nearby, per . bushel basket (12-
15 beads), 2l30c. "" u
12V
'2W
(li
stalks),
CAliHOIJ. nearby, per bunch
.'UX-EUY New Yorfc, per. bunch
mifA.sn...
COllN. nearby per S-bushel basket (31A.411
djsen), J3W48C: per hundred ears. $11.2B,
CUCUMHEHH. nearby, per S-bushel basket
T0-75 cues). 20S40O.
Vta PIANTH. "'"by, per 'i-bushel bteket
(1B-1H plants), lAcrsnc.
I.KSTTUCK. New York, per box (2-21, doien).
nOcOTjl,
UliA nKANfl, nearby per H-busbel basket
fO.in ousrler necks) HWl.fiO.
' A..k.a -.... .m tihnr a S.l ..-
u.ioe, "v1.1 tU'tA... wt nirainia,
hamper too pounnsi, ouciviti nearnv, pe
i....h.l haalfet 1110.33 nounils). fineiOfi n.l.
Jersey, per hamper (30 pounds), white and e.
low. $1,351.6(! Connecticut Valley, per 100-
it:
New
L... u.,tr i'.7a(ffl3.
ij-,lIi:uiA nearby, per H -bushel basket (8.10
""orA'toiiti. 'Ksstern Shore of Vllnl. per
i t
33-10 quarter pedis), $2.30a.23i Nlo.
1, "OtfSJc; No.
S1.B0Q2) nearby, per , -bushel basket (S3
pounds). t- quarier penis
2. njpr.oc
SWKET POTATOKa, .-venn Carolina, per bar.
irr imi ,u. . o.noTi,,ili;
i Eastern Shore of Vlrslnla. ner
SB-40 quarter pecks), no. 1. II.7B03:
$202.25: nearby, per.H -bushel hasket
(33-40 quarter peck
3i IJiTi)
el (.1
UL
No. 2. $22.23! nearby, per.H -bushel hasket
b?6 quariJr Pjeks), No.' f. tlM9JMt No. 2
BHOA5ftfMrtW tEtr H-bu.be basket, (20-23
fiquain;. wnj" www t - fc, ,
M
hwvf1,j uiBHfcBi.r:7T". rrr'n
-- -' mhii. iHiffxiinn: ' h.
spsrs - - -y-i-T "llfri'i "!
ij:i' -. m Ik ilm&
CLOSING LIVE STOCK PRICES
bi,,i'.Il'A.9'.u 2"i IIWIS Ileeelpts, 400
St. J' ;MI?!,C.'l mjnorrow. Lion head. Market
sum, mostly 23ohlh;r than esterdav's aer
?.fit' 1 ".",lkJl" SSl Hsht. $l3.intf 17.00;
VlBBoVi in Vb ' '"'a,y' ".llri7.73j rough,
,1!,V-tTT''l-"'oelpts. 7000 h,1 Market steady.
$n'i!;:E1'raImb,!p$'i7jo0 hMd- M,rk(t "ron''
.S?,ZTIIi. OMAHA. Au. 2S. HOflg llepelots
eralh,TT ,'feT, "'K'A'": h00() "'' i'k't Ben-
uiYrr,i,"".V" i',,,r'
I,
,ambT3"O25oflK;her8.'00 head' ! l"n,.
KANSAS CITY. Aim 2 linns
finon. head. Market 23 a-,; hi ..e0"
.-in.r.i -neeeipis, fitiuu head
.. . .j..., .. ,. . ITfmn 1 1
steady lo 15c hlaher '
ttecetrtts.
larket 23950o
Market
CHICAGO BUTTER AND EGGS
- MIfAtlO. Autt 21. lll'TTr.lt Ileeelnts
iiVVY,!""' rickiiRf IJitrn. 4l'4c extra flrst.
S'c. extras to urocers' iTlnt. 114 e, tubs
OJje: tmpklnir slock 811 fi .ills. p. " '".
KIDS lleeelpts. 22.1.11 .i.e. nr(s. 3(111
337'jp, ordinary firsts, SUt ffi.v."- nilieei
NEW YORK BUriER AND EGGS
.P' TOllK. Aus, 2 llfTTHIt Itecelnlk
10.770 tubs M.rket steady. i;,tras 43,"
I. all srore I3J ',( lie, Statu dVlry. Ill, ftl2c
other quotations unchmaed.
.-tlS?," Hicrlntii 13.701 eases Ilxtrii firsts
120 13', p. firsts, a.,1M, 0 other q'.oiat.'n..
RAILROAD EARNINGS
SOfTIIIIUV ItMI.WAY SVSTIIM
KOPTIIKltN P..II.WAV LINKS i:APT & WI'.ST
Third wiek ViiRust .JJIllii'uH 'om'ts!!
I'rnm .ltil 1 .. 15.vii(Mir,n 3 12s 30!,
unoiKiiA son ni:r.N and riAiitniA
Third week AuRust .. . JJO.ili'.t $.1 (Kt
l'mm Jui 1 :u;o.ii7 aiuyi
M01111.1: and onto
Third week Aucust ... $27.1 nsi t IS .107
l"rom .lul 1 1.IIJ1.31I2 333.327
NIIW YOI1K. ONTAPIIO AND WIISTHnN
July cross IMK.072
Net 3.10.(123
Surplus 244.71.1
BeMii months' Rross... n.nrr.TOH
Net l.'Jlk.DSl
Surplus IUK.I17H
CKNTrtAI. OP (U.'OKIIIA
July gross $1,312,540
Net .T2II.HIH
Seven months' gross .. H,. Ill) 313
Net l.hlH.aj.l
MINNEAPOLIS AND ST 1.0
Third we'k AuRtist I212.n.m
Prom January 1 (1,711, 077
I'S'ION PACIflC
JuU' eross $10.722 707
Net , 3.710 2lil
Sern months Rross.... r.w 32 iisii
Net 22..10.1.IISS
Uecreuse.
120,071
4S.SU)
311. IH17
Ull N43
tnil, 124
27.070
$223 370
71,0311
1,311 S7.1
313,011)
-'IS
$.1 nso
3 -'10
$0,137 I VI
a m 311.1
RH.M4 402
22,1211.11,11
NIttY YORK COFFEE MARKET
i:" YOUK. Auk. 28 -Tho maikct for
rnffco filtuios nponod (iilct today nnd with
out itiooliil font lire. Prices wore uiiohniiRoil
to a iIppIIhc of 3 points with sales nn the
will 2000 Imks.
Septmli. r.
lei em hi r .
March . .
May
Julj
Ves.
Open lliah Iiw Close t'loso
7 13 7 12 7 14 7 1.1
7 71 7 74 7 70 7 7.1 7 71
. 7 01 7 01 7 HI 7 111 7 117
S 1 o K oil h nil ns s in
h 2.1 12 S 2.1 H 22 )2I
'
t '
CI" V f-. x4
Ir- " CS. SI m , !- tl . 1
FOUR UMTS SOON
TO GO TO AUGUSTA
Department of East Certi
fies Notice of Order to
Major General Clement
ONE DUE TO LEAVE TODAY
General Sanilnry Inspector,
After Careful Review, Gives
Camp Clean Bill of Health
NEW STOCK FOR BETHLEHEM
Steel Company to Issue $30,000,000
Preferred
SEW YOUK, Auc "fc. A new flniincliiB
plan whlcli prolldes foi an Issue tif ?30.
000.000 S per rent cumulative, preferred
Ftocl, convertible Into class "H" cmnmou
stock at IIS, wns announced today hy tlie
Bethlehem Steel f ompany follow inc a meot
lli(7 of the hoard of illrectom here. A
nu-etlnir of rtockholdeis to conilder tlio
1lnn hat been called for September H.
StocKhdlders ot Lotninoit stock, on the
books up to September 12, will be Riven
tlio privilege of subscribing to au amount
lint exieeditiK their present holdings on or
before September 2S.
Tho (iuarauty Trut Company, tliu Hank
er''' Trust Company .ind J. nnd W. SellK
man & Co. made up tho syndicate which
will underwrite the Issue.
President Clinrles M Schwab announced
the earning had Fiirpant-ed those of the
corresponding period Inst year nnd orders
on hand nre more than J300.00u.0no. iiRalnst
$1')3.G00,000 In 101C lie put tho book value
of class "IJ" stock at 195,
"Kntrauce of this country Into thn war,"
Schwab said, "has produced such abnormal
conditions that we aro now confronted with,
tho necessity of ralshiB a crv substantial
additional amount of capital In order to
continue our construction program nnd pro
idc for tho greatly Increased business re
sulting from the war."
Further exr'nlnlnir tho needs for capital
Schu.ib said eaiuliiKs which It had been
ixpi'otcd would be expended on conjunc
tion would now havo to ko Into additional
taxes; that (jovernmenl orders requlrn con
siderable construction, and that the In
creased orders in hand HKoivlso demanded
expansion.
A. CLINTON WUNDERLTCH
A coinmissirn ns second lieutenant
eewtirds ?lr. Wiindorlioli for his
assiiluily nt tin' army oflicers'
training camp ut Fort Niagara. He
is tlio son of Mr. and Mrs,. Albert
Wundciiicli, of LnnMlownc.
AMBULANCE CORPS 3IEMRER
PROBABLY FATALLY HURT
WashiiiRlon JIan Struck by Trolley
Car Near Allontown and Rase of
Sl:ull Fractured
AI.l.K.VTOWN'. IM . Auir. IS Alfred
llriinn, a member of the WiishlnKtiin, 1) C,
contlnKcnt of the ambulance cotps, wns
prob.iblv fatally injured Into last ntcbt
when he was Htrtuk by a trnliev car np-
1 poslte the llltteisillle Stato Hospital, n
sustained a. fracture of the base of tha skull
and llttlo hope l held out for his lecoxcry.
A witness of the iiccldctit -aId that llroun
was walklnc alonir the pike on the south
CASH' HANCOCK. Augusta. C.a..
Auk IS.
Major (lenernl Clement, coinmaiidlnR thft
twcnty.elKlitti ntmy dlMslnn. formerly tho
rcnnsanla National (itiard. received u
tt'lcKram last nlRht from the Department of
the Kant, Informing hint that four units
roon would entrain for Camp Hancock. One
unit, thnt will movo today, is tho entire
regiment of tho Second Held Artillery, in
cludlnir tho headquarters train and tho
field bakery. Tho Second IlilRado of In
fantry. It Is said, will follow shortly, nnd
thero Is speculation as to the other units
to como next.
Colonel Henry C Klsher. Renetal sanitary
Inspector, lepiesentltiR SiirRcnii (ieneral
CurKuo, today Rae Camp Hancock n clean
bill of health. The Colonel made a thor
oiikIi Inspection of the ump umi pro
tmunccd It Ideal.
"It Is hlKh, dry. vell dt.tlned and thor
oURhly sanitary." he said
The Second Aitillery Is commanded bv
Colonel Hamilton 1), Turner
Captain V I.. .Mueller Is in command ot
the field bakery, and the headquailers train,
which Is In camp at Mt. liretna, I'.i , Is
commanded by Major Clement, sou of
Major General Clement One company of
thn train Is from l'hiladelphia'. commanded
by Captain Henry C. Crofut.
On their arrival the units will find their
reservations prepared for them. The Sec
ond Artillery, especially, will find llttlo dif
ficulty in settling down, for H.iltcry K, the
advance detail, has performed wonderful
work duHtiR the last week preparing the
rcKlmental area for tho reception of the ex
pected units.
Major Cicneral Clement today repealed his
assurance that Camp Hancock would be In
111 condition to accommodate the division by
Thursday of this week. Therefore. It may
bn expected that when once the troops
start, the soulhwatd movement will be con
tinuous until the division Is under canvas
heie. The general said that all of the units
miclit not Immediately be accommodated
with electric lights and other comforts, hut
that such luxuiles would be supplied soon
after their arrival.
l'UKVKNT UISKASK AT AM. HA'.AltflS
It Is the intention of the War Depaitmtut
to go to extreme means to prevent disease
1n camps thtoiiRbout the countty, as a lepe
tltlon of the terrlfjhiR Experiences ot 1J9S
must be avoided nt nil rnta i'nt,.ni i.-ii.
Is toutliiR the South, Inspecting all camps.
Trom Camp Hancock he goes to Annlston,
Ala., tn Inspect tho camp where tho New
Jersey. Delaware and Mnrvlam troops will
concentrate!. Colonel Klsher louicd the
ramp with Lieutenant Colonel W J. CmnU. '
ston, division surgeon, and Lieutenant Col
onel Keller.
In Riving Camp Hancock a clean bill of
health ho re-echoed tho opinion which has
been expressed hero by all otllcets and en
listed men slmo tho first unit anlved, and
It Is not overstating tlio facta to say that u
more contented, better satisfied body of men
never was collected in an nrmy ttatlon.
The food Is good, the climate Is favorable,
becauso there Is no humidity: the nights
are cool and tho sand does not bother tho
boys who served nt the border With the
exception of a tew scattered can" of Ivv
or oak poisoning, thero has not been a cns
of Illness reported.
General Clement and his staff will take
up ipiatters in tho field probably tomorrow.
energy arid 'atabllltr 'otSpnr'&Vs
are standing tho strain well! they Vwj
serving the honor una trndltloniJ.of
syivnnia in every respect, but' they do
forward to diversion and news of tho
at home. Tho arrival ot the moll ls!j
event and tlio receipt ,of ft letter or pJ
ngo something to think, about and J
about tor tha rest of tho day. Bo It Is u
l'ennsylvanlons to get busy with pons ii
pencils and let the boys know what Is i
on. Tho Oi'ovonrmentAvllf take care of ti
health, their clothing and their phyaUaf
condition. They want nothing except
delicacies as friends can send them nni
occasional letter, telegram, book or oaMtfT
.1
, 1 i .
v. rt
W"i
remembrance.
Jr ill P V H
m I III It II k. r
m I ik i-uT ij Hi in . I 1 " -&k
Hi ' VLm .- 'Si
t-iti
Mineral Flooring ;
Attiactlve In appearance, eanltary.ii
durable, fire, vermin anil ilampil
Inoof, vlastto to the tread and ill- '
most tiolsoles.i It is the Ideal floor-il
lug for kitchen, bath, store, cafe, i!
icMjuiraiu. ncorenousc, IHispitnl or
factory, Kasy to clean, as base
board and floor are one continuous!
line Kconomlcal to Install. Write J
fur full particulars nnd prices. '
i
Phila. Mineral Flooring Co.;
5632 Summer St.
t
1 vl
. r- .-..
. 9
l.
laa
m
J,'Wj
: VM
i mi , m
II I II " ' y II j
I MERSHON PATENT 91 . i
SHAKING GRATE
WORKS I "j
I 147 North 3d Street HA ifl
llllll l'hllsUWnhta Rl M
H 1'hone Market 3SS I 72:
111 w H
f I 1
i ; y
Hide by himself when the car cuno alonr "" w."rk '",!,VK rushed on division head
. i nil ii fill u Vnfll iieflmi IIiImA.. . .. ...
LONDON STOCK MARKET
Business Is Not Large American
Railway Shares Record Small
Declines
LONDON, Aug. IS. Iluslness was of a
holiday character on the Stock Kxchange
today, trading being narrow and profes
sional. Some restriction was caused by a
gale, which Interrupted telegraph nnd tele
phone service.
Gllt-editd securities wero neglected, ap
parently because of the prepaartlons foi
nnother early colonial loan flotation, but a
linn tone was maintained, Home rails were
idle and wvaker
Nominal recessions wero recorded In
American railway shares nnd trading In
Canadian Pacifies were quiet. Put chases ot
Mexican securities continued, however, and
the Argentine rails were firm.
There was comparative easiness in Hus
Blan bonds, but a cheerful feeling prevailed
Jn tho market for Issues of tho other alin-U
countries.
Refined SufJ'ir Lower
NEW YORK, Aug. IK. Arbucklo Broth
ers have reduced their prices for hard
sugars fifty points to tho 8.50c basis for
flno granulated. The Federal and Warner
Sugar Ilefinlng companlos havo le.cnterid
thn market on tho above basis. All local
reHners aro now quoting 8,G0o except tho
American Sugar Heflnlng Company, which
continues to quote nt 8.10c. Tho last Bale
ill spot Cuban raws was at 7.10c.
DIVIDENDS DECLARED
Kennecntt Copper Corporation, usual quir
terly of (1.50 u ulinre. payaLlo Heptember I'D to
moiW f record sjeplemlier 7 Hool clone Hep
tel.er 7 and reopen Senlelier 1.
Munkogeo (las snil lileetrle. ieulir quarterly
of 1 per cent on ll preferred tr.ik. paabio
Oevuinbr IS to tock of record Auitmt III.
Wolverine Copper Mlnlnc Company nenil
annual of til. payable October 1 to holders of
record Heptember H Hlx months aso t" per
share wan dlfbumed ....
Mnckay Coiniwny, ueual quarterly of 1 per
rent on tha preferred and IV. per cent on the.
common, payable October 1 to holders of record
September S. .
Chicago and Northwestern Hallway, resular
quarterly of U per cent on the preferred and
IK per cont on the common stocks, payabla
October 1 to atoek of record September 7.
I'ettlbono-Mulllken Company, resular quarterly
of IK per cent on both the first and second
preferred stocks, payable October 1 lo stock of
record Heptember -0
New York Kdlson Company, regular quarterly
of 1 per cent, payable September 14.
TOO J.ATK FOB CLASSIFICATION
DIIATIIH
CArtFAONO, Auc 27, HALVATORK ('AH
PAONO. husband of Jean Carfatnu and on of
llennaro Carfasno. formerly of 922 Havlll ave.,
Kddystone, Pa., aced 3,'. Itelatlves and friends
Invited to funeral, Thurs . HulO a. m from
his father's residence. X203 (lerrllt at. Solemn
requiem mass. St. Iltta'a Church, 10 a. m. Int.
Holy Cross Cem.
1MCIMRDS. Auv3R. MATtT JANE UIC1I
ARDS. and 88. lUtatlvea and friends Invited
to funeral services. Prl.. 2 n. m.. at lfio W,
Jefferson st, Int. private, Mt. Hop Cem,
HUVTir. Auir. 2T.. ESTUKIt. ttaushter of
Jamea C. and Ksther If. Bmythcaied 16.. Uala.
and irlnoa.'ivK !?;"("' r"3S
1.(1 rV.aliJB
1.
1H. ..-L..
y&t
Cs5E''''.i.
ft wrff 'f,
He ran across tho road, it wa.s saliL evi
dently with the Intention of getting on the
north side of the Iracl-s In board tho car
which was traveling at a lively clip. Ho
was stuck and hurled n consldeinhln dis
tance Into a Held. There were a number of
soldleis In tho car and they ran Into the
Held and brought their comrade, back to tho
load. Wallace ICellcr, of this city, then
drove up In a touring car. The Injured man
was pUced In tho machine nnd a record
tilp to the Allentown Hospital was made.
Itrovvn Is about twont-two years of age
His paients at Washington -ncio notified of
the ucclddit
ALL HUSTLE AND HURRY
AT MOUNT GRETNA CAMP
Men Go to Work With Enthusiasm
When Welcome Orders to Go
South Are Received
MT. OUCTVA. P.i. Aug. 28. All was
bustle and buiry bete today In tho camp
of tho ammunition train outfit, which Is
under onlers to movo southward to tho
Pennsylvania Division Camp at Augusta.
On. Willi tho receipt of thn ordeis by
Colonel H. S. Williams at headquarters
tho word tvent out to piep'iro to break
camp and tho men, who havo spent moro
than a month hero awaiting tho welcome
news, went to work with a will, i qulpment I
was quickly prepared for loading on tho '
cars and only the tents remain standing .
It wa.s Indicated this morning that tlio rail- I
roads would havo tho necessary cars at
camp by C n clock this evening la tho
event of tho Issuo of orders to do so.
With the departure of the ammunition
train unit there will tem.ii'i In camp hrro
tho two military pollco companies, Phila
delphia and Pittsburgh, and Kleld Hospi
tal Company, Xo. I, Pittsburgh.
The ammunition train Is made up of
twelve companies of fifty-five, men acli.
stationed as follows- Shaniokln, Lebanon.
.Sellnssrovc, Jlarrlsburg, West Chester,
WlUIamsport, Carlisle, Allentown, -;
Philadelphia, 3.
"- V..'J'I feleiIIWtMUtUr. .'.VJ ' ' H
lu.im-i-i. icsieruay wnrty men were as
signed irom each unit to assist In constru
Hon work and this program -lll be followed
umu me jod oi muiuing Camp Hancock Is
completed.
The nnl." fcaturo which bothers the of
ficers Is lack of amusement for the men.
Thero aro but u few motlon-plcture houses
In Augusta, nono of which will be able to
accommodate tho demands which the main
body of tho division will mako upon them
when It arrives here. If there is any
worker In the world who demands amuse
ment during his leisure hours It Is the sol
dier, especially a member of tho Stato
troops, and to meet this demand not only
such organizations ns tho Knights of Co
lumbus and the Y. M. C. A., hut tho men
of the various units ns well uh doing
evcr thing posslblo to get amusement
schedules framed and In operation. Thus,
the motor-supply train, a new organisation,
has oiganlzed a minstrel troupe, which is
rehcaising dally.
LOOK Fort 5IAH. FROM IIOMI2 '
If parents, friends and sweethearts knew
how eagerly tho bdys In tho Held watch for
mail, letters would c. -no hero by thous
ands It Is n dull, routine llfo these boys
are leading, a llfo which would tax tho
"SlfesiP' .'
Si
.11 aX-.-aaJM
&Vv$v).svr
t
HEAT THE HOUSEJ
J'llOM
ONE REGISTER
The Keystone Plpelesa Furnace per-,,
fectly meets the demand for clean,',;
comfortable, economical heating In
homes In which the ordinary type of J
heater cannot bo installed J
no ri,ui:4 no pipes i
NO WASTH IIHAT
A alnglo register indhites all the heat
neceseary to warm nil the rooms andT
at the same time prov'dns n cold nlr!
Inlet. Inuring a continual clrculn-J
tlon of freih air throughout the house.
which means even temperaturo nnd
good ventilation. J
I'.hkIIv Initialled nt email expense .
without tearing up the walls. Write
for booklet. J
Keystone Supply & Mfg. Co.
I'lumlilne mid llrnt'ne Mntrrlals
917-10 N. MNTII .ST. J
Prisoner Wants to Enter Army
LANCASTnil. Pa.. Aug. 28 John Page
Neln, of Halnbrldge, convicted of man
slaughter and bervlng a sentenco in the
county prlhon, was brought befnro Draft
Hoard No. 1, of which Sheriff C. O. Oarber
Is a member. He passed tho physical ex
nmlnatlon und expressed readiness to enter
tho nrmy The eniso is up to District At
torney nernthclsel, who Is on General
Clement's staff.
PURE
FRESH PAINT
Believe Me
m
Kuehnle
painting reflects the
skill of master crafts
pen. Every Kuehnle job
is highly distinctive in
appearance and quality.
Get our tttimate no obligation
Kuehnle
PAINTER
2MMsMi,
sxr-htx
1 ' f .til i - ' " ' jf'M-
y
1,500,000 Americans
Answer Call to
Colors
TVTEVER before has the United States
' rallied so many men to the StariJ
and Stripes for military service in such
a short period as at the present time.
Charles W. Duke has written, an
important article for Sunday's Public
Ledger, in which he tells how Uncle r
Sam's defense forces have grown since '
war was declared last April: Read it ih' . Z
r v , m -
&. ,1
SUNDAY'S
PUBLIC igM LEDGERS
i ,!-? tiSti
JvL MirZVj!Jltftf2i.
el!Mkl;1
wTti''