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EVENING nrtwpPfflTADBLPHIA. WEDNESDAY, AUGUST 29, 101T
-K
WffVjr
r
READINO COMPANY
ISSUES
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1
PHILADELPHIA A READING)
TERMINAL FIRST MORTQAQE
REGISTERED Bt
1941
PHILADELPHIA A READING
IMPROVEMENT MORTQAQE 4s
1947
R8ADINO COMPANY
GENERAL MORTQAQE 4i
1997
REILLY, MOCK CO.
ANKERS
306 CHESTNUT ST.
rniLADExrniA
Short Term
Investments
We recommend the following
Issues:
M:
Cheupsiltt l Ohio Ry. Co.
JEqnlp. 4VJ Notes....
NewYorkCntnlR.R.Co.
Eoolp. 4 14 Note, . . .
Bittlmori & Ohio R. R. Co.
t-reer 6 Notes
Btniral Rubbar Co.
Deb. 8 Notes
Chi., No. Shore & Mil. R. R.
6tt Note
Erto Railroad Co.
6 Notes
Electric Auto-Llto Corp.
l-rear 6 Notes
Electric Auto-Llto Corp.
t-year Notes
On. Kin. GL Brit t Ireland
8 Notes
Amer. Foreign Securities Co.
8 Notes
Tull particulars of any of the above
(sues will be sent upon request.
The Nationality
Company
1421 Chestnut St., Philadelphia
Chicago
TleM
urlty about
1B19 4.S0to
1917 5.25
lozo 5.00 to
last 5.25
1919 5.8 J
191 5.85
1920 6.50
i9io 6.95
i9i 6.75
1919 7.CS
i9is 7.25
19 7.57
New York
Botton
Sin Franclica
Pittsburgh
FINANCIAL NEWSNFW YORK AND PHILADELPHIAjTOCK QUOTATION
STOCKS SUSTAIN LOSSES AS BEARS
OFFER THEM DOWN IN WALL STREET
Declines of One to More Than Five Points-Finance Com
mittee Report a Factor President's Answer to Pope s
Peace Proposal Without Hiiiect
High Points in Todau's Financial News
Bears depressed prices in Wall street. Stocks irregular on ,deaSlrtr
Curb. Grain higher. Cotton lower. New low marks for Russian 'tttr
silver at new top mark, advancing 1 cent in New York. More gold sent to
Japan.
Tax Exempt in Penna.
Free of Normal Federal Income Tax
WestPenn Power
First Mortgage 5s
Earnings and Expenses
It Uontlis ended Jane 80, 1917
Gross Earnings $3,543,606
Operating Expenses.... 2,129,853
Net Earnings $1,412,742
Annual interest on Bonds 425,000
"'Balance $987,742
Particulars on Application
A. B. Leach & Co.
Incorporated
Investment Securities
115 South Fourth Street
New York Chicago BuKalj
Boston London. Ens. Baltimore
NEW YORK, Aug. 29.
Combinations of bear traders apparently had fairly good knowledge of what
th Finance Committee of the Senate report would be and a strong boiler pre
vailed In Wall street that the selling of the general list, Including Industrials,
was based on that knowledge. Since tho beginning of the week this speculative
clement has paid little attention to any news development of a favorable char
acter, but has put out largo lines of short stocks and hammered the standard
Issues vigorously, causing temporary declines, and has shown confidence In Its .
position that seemed to Indicate a clearer basis than existed In many previous
bear movements.
This morning many of tho Industrials sustained losses ranging from one to
more than five points and although almost nil tho offerings came from bearish
speculative sources, enough stop orders were i cached to cause a moderate amount
of real liquidation. When the report of the Finance Committee was published on
tho tickers the bear energies were exhausted, and although that report called for
Increasing already excessive taxes on profits no further selling was Induced,
even from the bearish speculative element that had always been so quick to
seize on an Incentive for operations on the short side.
It was quickly demonstrated that tho stocks sold by the bear traders had
gone Into strong hands and absorption became more pronounced In tho after
noon, when upward movements were In order.
The drift of the markot may bo shown by the fact that United States Steel
common, which was hammered down from 119 fo 11814, made an advance of
more than one point without any bullish effort.
Little Change in Market Conditions in Philadelphia
The Philadelphia stock market started today with n fair show of activity
and the list was much broader than was tho case In the early hours of trading
yesterday. The demand which appeared at the start was soon satisfied and In the
afternoon very little was done, even United States Steel common falling off to a
minimum. Philadelphia Rapid Transit trust certificates, which did not sell all
through the session yesterday, did not appear until the afternoon, when a small
gain was recorded. For tho most part tho price movements were narrow, and
quite a bit of Irregularity was noted In the dealings.
NEW YORK STOCK SALES
.ai.lark$o.
BANKERS
lltolslHshea UIU
321 Chestnut Street
Philadelphia
i!
Net
High. Iyiw. Close chg.
Advance Rumely.. 121A 12 12 14
AJax Rubber 01 01 61 Tt
Alaska Old It... S 5 5
Alaska Juneau.... 4 4 4
Allis-Chalmers Co. 25"4 2.VJ 214 Vi
Am Agr Chcm pf. 99'A 99! 99 'Mi
Am Beet Sugar... 86V4 85 88 114
Am Can 42 41 42 14
do prof 10B14 10014 looti
Am Car & Fdy Co 70 (18 70
Am Int Corp .... 86 !4 8514 5014
Am Cot Oil 35V4 35 35
Am Ico Sec pref.. 1816 48K, 4816 27a
Am Hide & Leath. 13 1214 mi 14
do pref U4 01V4 61V4 "4
Am Linseed 25i 25 25
do pref noli 5914 ' U
Am Loco 831i 21i 3 14
do pref lniVz 10314 104V4 I
Am Malt pref . . . o fl 1
Am Smelting .... nn4. 95H 98 b
do pref Ill 111 111 I
Am Sum Tob 46H 44Vj 48 I
Am Steel Fdry. . . . 65 63 65 IV4
Am Sugar 114V4 113 11314 1
Am Tel & Tel I1R H7"4 117 Vn
Am Wool iO'A 4914 404
do pref 95V4 95V4 B5V4 I
Am Zinc & Lead . 19H 15 19 1
do pref .15 85 85 3
Anaconda 71i 70 714 -r
Atchison BHOi 98 98
Atl Coast Line ..109 109 109 V
Atl Gulf & W 1. 104 102 103 ii
Bald Loco Co.,.. 63" 62 S3,i V4
Bait & Ohio 68Vi 68 68
Barrett Co 13 12 102 3
do pref 107 107 107 2
Beth Steel 112 112 112 14
do B 109T4 107V4 10814 14
do pref 107 107 107 o
Butte & Sun Cop. 27 251i 27 3,4
Cal Petroleum ... 18 1714 1714 1
do pref 47 46 17 14
Canadian Pacific. 162 15014 163 2
Cent Fdy Co 30 29 30
Cal Pack Co 41 401i 41
Cent Leather 8514 83 85
Cerro de Pasco... 33 33 ,33
Chand Motors.... 80 79 80 14
Clies & Ohio S8U Vi
Chi Gt West 1014 in 10
do pref 31 31 31
Chi M & St P 66 66 66
do pref 10714 107 10714
Chi & Northwest. .106 106 106 2
C R I & Pac t c. 28 28 2814
do 6 p C pf t c. 84 83 84
do 7 p C pf t o. . 68 68 6514
Chill Copper 1714 1614 16 14
Chlno Con Copper. 88 51 68 14
Col Fuel & Iron... 48 48 4414
ColGas&Elec.... 89 3914 30 ..
Corn Products ... 80 29 so '
do pr 97 07 07
Crucible Steel ....71 69 71
Cuba Am Sugar .181 180 180 5
Cuba Cano Sugar 39 81 81
Del & Hudson ..108 108 103
D L & W 109 108 199
Denver & R O... 8 8
do pr 16 16 18
Distillers' Secur . 25 38 28
Erie 22 22 22 ..
do 1st pref .... 33 82 33
do 2d pref 28 28 25
Gaston Williams.. 30 88 89
Gen Electric Co ..180 149 180
General Motors. ..108 100 108 ,
do pref 84 83 83 3
Goodrich B F .. 46 45 40
do pref 103 102 102 1
Granby Mining .. 80 78 78 2
Hlh. Low.
Kelly Springfield.. 44 41
Kennecott Cop .. 41 lOA
Lack Steel 82 81
Luke Erie & W.. 13 13
Lehigh Valley..., 01 ai
Llg & M T rts. . .. 1 1
Louisville & Nash. 122 122
Mnckay Cos pref. . 61 61
Max Motor 3 J 33
do 1st pref 69 67
do 2d pref 20 30
Mex Petrol n.7 01
do pief 91 l
Miami Con Copper 35 31
.Al Id vale
Mo Kan & Tex ....
do pref
Missouri Pacific . .
do ctfs
Mont Power . . . .
Nat Acme
Nat Con Cable . . .
Nat Enam & Stpd
Nevada Con Cop.
New York Cent..
N Y, N 11 & H..
N Y, Ont & West
Norf & West
North American. .
Northern Pacific. . 101 loi
NVt
41 14
40
New York Bond Sales
lionn Adams Kxrren 4s..
14700 Anglo-French Bs . .
W("M) Am Kor fc 8 . . . .
130(10 Am Smelt A rtof 69.
10000 Am Tel clt 4s
L'BUOO tin r,
iOOO do cvt 4V4
JlUh. Low. Clone.
1000 Am Writ Paper Bs,.
44
V.
1P34
1."1
(II
8?.
no.
Silt
K6J
84
HtU
SB',1
ml
II84
itnli
P5H
ii;iS
m5
noi
M's
on.
1(100 Ann Arhnr
llOiio Armour Co 4',in
((in" .Atcnuon Ken is ...
6V0U Unit & Ohio 4
1101(0 do cv 44
8000 11 A O Swn 3is ...
11X10 Ilrnden Copper fl .
10000 Ilrooklyn 11 T Bs 11)1
3000 Can Uiivt B 1921 . .
1.10IK) rid fta 1D31
SHOUO Cent l-cftthcr 1st Bs.. UIJ
ikouip unes & on o ronv os.. m
.1(100 Chi A Alton 311 s ...
K1D0 c n A Q Joint 4s,...
100(1 CJUS1 V rtd 4Hs.
2000 do conv Bs
6000 C 11 1 A P Bs one sta
1000 C O C A St ti 4S....
87B0O City of Purls fl
1000 Con Ons Bs
10(10 Cumberland Tel Bs .
IoiiiiO I)i A Hud conv Bs..
1000 rift rfi! 1
Minn n.n a 11 n la 71
1000 Det Killson 1st Bs nas.lnoH
11)000 Pis Ser Corp Bs 7B,,
1000 llrle conv 4s Hr D. . 64'4
10000 French Hepuh B',4... D7'i
lonn unr HIv & Port 4s
4IIOO lonn Onlrnl 4s...,
2000 III Central 4s 1983..
300(1 Int-rh Met 4Ws.. ..
7000 Interb II T ref 8s. .
8000 Intor .Mer Mar fis . .
ioijo inter Agr t.s
Tl
noli
RBVl
no
(tQ
Sn2 onj.
Ml. Mil.
hrtt.
SI!
KB J
85fc
4414
w.Vs
HI
nr. .
63 !.
67
in
1)0
I)7U
P5
r.7
03
KB
SIM
M,
44
It..".
HI
ii :
n:i,
67
03
K7U
IIS
B7'.4
72.
lon'i
74"4
liinoo Julianese 4ts
no Ene Mia
1B000
BOOO do new 4 li s . .
1000 do 4s
1000 K C Ft B & M 4s....
1000 Kan City So Bs
ROOll Lacka Sleel Bs 1050,
1000 l.k Sh rteh 4s 1028..,
9000 Mb & M T Bs
" i-zuiiuitru hb .........
inlHOOO l.lherlv llnml v I SlAi
09 118-100 119 90.10(1 09 02-100
innoo i.vons rts na?i os'i 03
7oOO Manhattan Sta 4s ... 85 85 SB
11000 Metwest of Chi Bs... M4 tuU vi
.8000 2Io Pan nm 4b BS B74 B7I
16000 do fls IOH'4 1004 1(101.
77i
4r.
75!4
'.,
89 s
noli
"'"..
88U
S74
SO
74'i
Vk
111!
II ft' i
im
. 97
nih
07
7711
dK
7B'4
o
Hl
iioh
88'i
87
IVO
74 Vt
70
SS'i
im
POU
Ph4
07
Mll
81.
S.
un
l(ii
llB'I
11.1'i
118
H.l'4
81
II B
n.'itt
07
IM
DO
n-U
or.
B7'4
100'i
75
il I '4
H7i
77
45
7.-.H
111
Run
no ,
7B
KR4
87 4
XII
744
70
82i
n
0fli4
914
H7
.loov
1
n.i'4
D71.
67H
21
"l
8S
02
90
92
94000 N Y C Alt Us...
4(10(1 do 4s
1000 N Y City 4s 1059 ...
7000 do 4V6s 11)00
jono N y Ont A W 1st 4s.
BOOO N Y Ilwv .',3
100(1 Norf & West 4s ....
HOOD Nor Pac 4s
3000 do en 3
13000 do w 5s
1000 Pinnu J 1f)i
11000 do pen ct llis P2U
2000 do en 4'4s 101
1000 Public Serv M J Bs... 17
BOOO rteadlmr gen 4s SS'i
BOOO St 1, I M A S 4s 7K'4
1K00O Si 4 8 F ajt 61'4
15000 do In 824
2000 do Sr A fiOli
1000 St I, Swn 1st 4s 02
1000 Pan A A A P 1st 4s.. (12
3000 South Hell Bs 04
ROOO South Pac cvt Bs OOH
1000 do rM 4s 85
1000 South Rwy gen 4s Ct'i
1000 do Bs (U4
20000 tl S nubber Bs R.H4
100S looi,
774 77't
934 M's
mil f!7.
81
1214
01
1
122
61
32
60
10
14
n
1
20000 U S Steel 9 t Bs.
1.000 union Pac 1st 4s..
97000 UKolUUSI Bs
124000 do BV.9 1018 ...
1BH000 do r.ljs 101!) . .
fisooo do B'4n into new
2S00O do ,-ilvs 1921 . .
1 000 Va Itwrs As
10000 West Klec Bs
8000 West Union 4a. . .
(175,
21
o7,!4
02
no
92
92H
101
87
8i
784
04 i
.12U
flO'4
(12
62
01
9fl'a
!5
83U
67S
7U
8:.'-J
62
00
92
02V4
101
87
8v
781?
(il'a
(io'i
112
62
94
mm
85
65
C.-.4
p;i ,
.103's ins 103'i
noH
974
. .. 014
. .. 95A
. . . 09A
. .. npi
... n.-.S
. . . noH
... 82
no
07i
nA
9!)
91
95
1114
8t'
no
H7'i
99 .,
Il-i'i
nn,
91
IS1
nn4
81'.
Total sales, 82.625.000, compared nllh $2.188,.
000 eterdn.vi thus fur 1lil week, 87,008,0001
same period lnt week, 85,238,(100.
S 1"4
51 02
5 .1
10 10
29 38
83 52
85 85
33 33
31 80
4014 39
21 21
83 83
31 30
20 20
116 116
B8 88
Nova! Scotia Stl.,1001
Ohio Gas 18
Ontario Silver.... 6
Pacific Mall 27
Penna R R 83
Peoria & East ... 7
Peo Gas & C 73
Pera Marquette . . id
Thlla Co 34
Pitts West 26
do pref 83
Pitts Coal ctfs... 47
Plerce-Arrow pref. 06
Pressed Steel Car. 82
Pullman Pal Car, 143
Ray Con Copper. . 26
Reading 87
Rep I & S 83
do pref 102
Royal Dutch 68
Saxon Motors .... 15
st u & a v 16
St U & S W pref.. 43
Seaboard A L. . . II
do pref 2d
100
451;
n
27
81
1(1
31
26
03
46
96
61
04
35
54
8
10
2914
32
83
33
31
40
2114
83
31
20 14
116
58
101
100 14
1
1
1
-2
1
GOOD BUYING HELPS
CORN REGAIN LOSSES
Sales in Philadelphia
lllsh,
100 Erie 22
Gen Ash pf. ..
75 Key Tele... 11
415 Lk Sup Corp 16
80 Lehigh Nav. 76
210 Leh Valley.' 01
Lit Brothers ..
SOO.MIdvalo .... 83
317 Penna R R. 82
1 Pa Salt Mfg 03
Phlla Co
cum pref , . .
113 Phlla Klec. 29
290 1 R T tr cfs 80
30 Phlla Tract. 77
200 So Rwy .... 26
200.Studcbak.crC 41
ISOTono Ilel .. 4
860 Ton Mining. 6)1
71 Un Gas Imp 78
3103 U S Steel... 110
485 War lr & S 0
03 W ,Ier & S. 49
Irfiw.
22
iitt
16
76
01
83
52
93
Net
Close, lbs'.
22
no .
11...
16 ..
70 14
61 V
2B
83 "!
82
05 14
.i
t38
29
80
77
26 -
44 114
4 ..
6U A
78
118 1100,4
9 0
49 49
29
29
77
20
44
411
6
78
tQuotatlon given Is yesterday's close.
Total sales, 6619 shares, compared l!li
10,177 shares jestrrdnyi thus far this week.
22,018 ehares) mine period fnnt week, ll,Hi2
shares.
WINDS
High. 1ow.
Close.
Net
(.hgc.
90
100
8214
48
02
00
100
82
48
02
14
V
V
4
8 5000 Amer .Gas &
Elec Ss... 00
moncity 4s I946.ioo
1000 Interstate
Rwys 4s. . 82
1000 Lk Sup lno4s 48
72750 Liberty Bond
w 1 99 96-100 09 00.100 09 01-100 4-100
3000 Pa Co temp
ctf 414s.. 02
6.100 Phlla Elec
1st Bs ...100
27600 Reading gen
4s 89
100 100
89
80
Total sales. $117,250, compared with $14,850
etcrdai thu far this week, $192.1O0 same
period Inst week, 8200.850,
Local Bid and Asked
American Stores . .. .
Brill J O
Hun & Suso t c
do pref
Palilwln
Klectrlc Storage .. . .
Oneral Asphalt ....
do pref
Keystone Telephone..
do t e
Lake Superior Corp.
Lehigh Navigation . .
Lettish Valley
Pennsylvania
PhlU Hlectrlc
Phlla Company
do B per centrref.
do 6 per cent pref.
Phlla H,n 'Iran t c. .
Heading
Toncpnh Hetmnnt ..
Tonop.ih Mining
Union Traction
United Gas Impvt. . .
United Males Steel. .
York Hallway . . . . ,
do pref
Wm Cramp A Sons .
Todav
Bid Asked
311
211
B7
SO
63
684
184
584
lli
68
HIS
7ll
?!,
29
33
.12
3H
30
S7U
4U
0.
I3
7RJ.
314
24
BS
B2
1134
BII4
20
00
124
IS8
17
704
W.l
iti
35
35
30
304
S7.
4
111 J
444
7hi;
Yesterday
Mid Asked
. li4 iw
. I.l )4
. :i7 38
. 78 Ml
311
20
r.7
BO
H2'i
r.s4
111
BO
11 4j
nr,
1114
76
i.iiU
B2
204
32
3.'
3S
20 si
86W
?
44 C
7RU
list,
13
37
78
:is4
284
r.s
i'l34
IM)
20
.'.04
1214
HS.,
1iV
77
ill',
B2'l
2!l
35
35
3' 1
30
ll'i
J
784
1194
14
38
SI
STOCKS ON BROAD STREET CURB
MOVE IN OPPOSITE DIRECTION
Some Make Substantial Gains, While Others Sustain!
Severe Losses Mining Shares Active
and Strong (
NEW YORK, Aug. J
Various crouns of stocks moved In opposite directions on the Broad Str
Curb, somo making substantial gains, while others sustained sovere losses. Thwffl
was special pressure against the Independent oil stocks, svlth Midwest Refining dJ
dining from 172 to ICO In tho first half of tho day, later recovering part of this IohI
Mcrrltt was ulso weak, declining from 35 to 23H. Crosby dropped from 65 to trf
cents, Osage sold at 9U and 9VI. SI
Mining stocks were nctlvo and strong, with most Interest attached; to th!L
continued accumulation of Jerome shares, Calumet and Jerome selling nt.24 and?'
Jerome Verdo was traded In at ITs and Z. j
Bethlehem Steel preferred was traded In on a large scale at 107 to 1061 and thl
rlchts sold at 2", to 3. i
Curtlss Aeroplane ranged from 43 to 41si. Wright-Martin sold at 9 tOiJK.-i,
Air Reduction dropped four points to no. Aetna explosives was traded in at U?J
..a. ""'I
to G?4. Submarine sold at 26 to Joy,. ;
NDI-PENDnNT OIL STOCKS ContlM,'
v.. .i..i
Mid Asked (s.i.r.
Yes. cloe
Ask (Sale)
01
6
8
80
43
10
Reports of Cargo From Argen
tine at Low Price Cause Weak
ness Early in Day
48
6
27
02
lli
7
2
1
I
1
16
31
26
63
471
163
21
48
94
21V,
85
89
47 li
80
1
96
61 5
140 140 1
33 23
86 87 1
1 82 1
103 103 ..
66 (ifl
15 18
15 15
43 43
11 11
36 36
160 163
33
48
93
26
84
1
14
2
1
2
38
44
39
18
16
23
48
94
27
84 1
38 .,
48
39
16 ..
16 ..
170 4
7Vi
104
138
43
i IT WILL PAY YOU
I, baton purcosslng oil securities to inveatl
! sat ths facilities ot oil produclns oom-
8alM for dlsposlns of their production.
Burnett Oil & Gas Go.
porits Its own cIm Una. tank cars, re-
aary and distributing stations, and pars
rcfultr dlfldends.
t-tf Illustrated book on request.
E. H. CLARKE
Morton R. Alexander
(Resident Partnsr)
Phone 1149 Sprue
Kswark Chlcaso Indlansnolls
UvilANI
THE
ID'MHSTROIIG
COMPANY
STOCKS "SB
flONDS -HBKT
Great Northern pr.101 101 104
Gt North Ore subs 84 83 84 1
Gulf State Steel. 104 100 104 1
111 Central 101 100 100
Int Agrl pref 88 82 83 1
Inspiration Cpr ..S3 ai 82
Intcrbgh-Cons Cp. 0 8 8
Int Harv of N J.. 112 111 111 4
Int Mer Mar .... 84 32 33 1
do pref 00 88 80 94
Intern! Paper ... 81 27 20 1
do pref sta .., . 67 7 67 1
Int Nickel 37 80 37
Kan City 8outh... 10 10 10
Sears-Roebuck . . .
Shattuck Ariz . . .
Sloss-Sheff St & I.
Southern Pacific.
Southern R R
do pref
Sinclair Oil
Studebaker
Sup Steel
Tenn Cop & Chem 16
Texas & Pacific . . 18
Texas Company ..174 100
Tooacco products, 78 73
do pref 104 104
Union Pao 138 133
United Alloy Stl. 43 43
Un Cigar Stores.. 122 119 121 y.
urwiircr....in ,H lg
do pref 82 82 82
U S Ind Alcohol.. 132 130 131
U S Rubber 61 80 61 V4
U S Smt & Ref... 60 59 60 ..
do pref i. 50 80 50
li o oieei .-..iiui, 118 119
do pref 117 110 118
uiuil uyjier un
Utah Sec Corp.... 16
Va Car Chem.... 38
Va Iron C & C... 63
Wabash 10
do pref A 47
do pref B 28
West Maryland . . 18
West Union Tel . . 92
Westlnghouse Mfg. 48
Wheel & L E 13
do pref 30
Wilson Co 61
Willys Overland . 30
CHICAGO. Aug. 29.
Corn developed considerable weakness In
the early tiadlng on selling for short ac
count brought about by reports from New
York that a cargo of Argentine corn had
been offered there nt $1.85 c. 1. f. New York,
prompt shipment, or 14 c below the price at
which a sale was made yesterday, and
cabled reports of a recent break of 20 cents
In corn attributed to dumping by German
manipulators.
Buying became good later In the session
and the market had a tone bordering on
firmness. At the close December was quoted
at SLOSH, an advance of ijc. The high
was $1.0ST4 and the low $1.07. May
finished with a gain of s;c at $L03i, after
ranging between $L06U nml $1.04.
The sample market w:is quiet but strong.
There were no sales of No. 2 mixed, but
yellow was up several cents at $1.97
INACTIVE PIIILA. STOCKS
Following aro quotations for Inactive
stocks listed on the Philadelphia Stock Ex
change nnd In which there were no trans
actions today. The price given is the last
previous close:
Alliance Ins 20
Amer Stores .... 3711
do pref 96
Amer Mill : ' 94
Amer C.dB 1034
Am Gas war.... 14
Am Kyi pref,... 90
llald Loco (lll'i
Drill .1 (1 294
Hurt & Huso. to.. B8
Huff & Sukh pref. Blli
Cambria Iron ... 45
Cambria Steel ...IBS
Catawlssa 1st pf. B2
Con Trao N J... 71
C.en Asphalt .... 2?
Ins Co of N A... 2.7H
Key Tel tiret.... 651,
Leh Val Tr 274
do pref 40
I.ltlf Schuylkill.. 81
Mlnehlll cr,4
North Central .. HS
North Penna 90
Plnla Co 384
do pref 35
Pcnn Tranio ... 2,
P K T 2!I4
tin Cos of N J. ..210
W N Y & P 21
West Coal 7B14
Wm Cramp 82
York Uwys 14
York Itwys pref.. 87
COTTON ENDS LOWER,
DUE TO REALIZING
INDUSTRIALS
Hid
Air Reduction 00 92
Aetna Explosives fl 6
Am Brit Mfg 10
Am Marconi 2 2
Am Writ Paper 3 3
Beth H pref 105 108
Beth rights 3 3
Canadian Car Co 30 34
Charcoal Iron 8 8
Chevrolet Motors 78 82
Cramp 78 85
Curtlss Airplane 41 42
Carwen Tool 10 10
Carbon Steel 05
Emerson rhonograph . . 6 6 6
Federal Dye 40
Hendee Mfg 28 35
Lake Torpedo Boat .... 6 0 6
Leh Coal Sales 75 80
Lima Loco 56 58
Maxim Munitions 1 1 114
Marlln Arms US 118 114
Now York Shipbuilding .40 45
Otis Elevator 82 08
Peerless Motor 14 16 ..
Poole Engine 75 85
Redden Truck 15 18
Scrlpps-Booth 18
S S Kresge w 1 05 100
Standard Motors 9 10
Steel Alloys 8 8
Submarine 23 26
St. Joseph Lead 18 19
Todd Shipbuilding 19 83
Triangle Film 14
United Profit Sharing.. 14
United States Steamship. 4 4
United Motors 21 21
World's Film li
Wright-Martin Air 0 0 9
Zinc- Concent 1 2 ..
STANDARD OIL STOCKS
Illinois 223 228 227
Ohio 335 315
Prairie Pipe 260 207 265
Stand Oil of California.. 215 250
Stand Oil of New Jersey. 575 885
Stand Oil New York... 270 277 276
INDEPENDENT OIL STOCKS
Barnett Oil & Gas 2 2 2
Cosdcn & Co 10 10 .,
Elk Basin 10 10 1014
Federal Oil 4 4 1
Inter Petrol 12 13 ..
Houston OH 18 20
Merrltt Oil 34 31 35
Midwest Ref 164 168 170
8
25
10
21
Met Tetrol 1
Ohio Fuel ,. 18
Oklahoma Ref o
Osage Hominy o
Rice Oil
Sapulpa Ref lo
Sequoyah l
Sinclair 24
United West Oil
5IIN1NO STOCJtS
Alaska Standard 25
Atlanta z
Big Ledge 1
Blsbee C-per (a prosp)
Butte Copper & Zinc ... o
Butte New York 1
Cal & Jerome 2
Con Arizona 2f,
Emma Consolidated .... 1A
First National 2
S
80
IS
11
i
0
8
10
10 . (
0 441
J14,
1014 it if
1 11
28 ., f.
SO t (
1 Z
.. .
9 t
in,'
2A J '
2 m
1 114 i
Ooldfleld Merger
Goldfteld Consolidated
Ooldfleld Florence . . ,
Goldfleld Kewanas . . ,
Green Monster ,
Hecla Mining ,
Howe Sound ,
Independence Lead .
Jerome Verde 1
Jumbo Extension 35
Magnate Copper
McKlnley Darrah 62
Magma Copper 46
Mother Lode 20
Mines Co of Am 1
Nevada Hills 13
Nlplssing 8
Ohio Copper ?,
Ray Hercules 3
San Toy 12
Stewart ,
Tonopah Extension 2
United Verde 3S
West End Con 68 '
White Oaks 3
White Caps 1
Yerlngton 22
BONDS
Bethlehem 6s . .
Cosden Oil 6s . .
Cosden & Co 6s
Cudahy Es . . . .
Erie 5s
08
08
OS
01
06
Russian Government 5s 71
Russian Government 64s 80
Southern Railway 5s.... 98
Sinclair Oil 6s 90
Todd Shipbuilding 6s ...100
3
7
85
20
13
9H
8
11
1
28
65
47
31
1
17
8
3
14
2
36
72
in
24
98
05
07
07
07
72
82
07
OS
102
1;
.1
6,;
!! 'i
is
Hi
70
t
21
0414
'Hit
"Hi
News of General Rain in Texas
Where Needed Helps Bear
Side
No.
03
16
37
63
10
47
23
IS
02
45
13
30
60
20
07
16
37 1
63
10
47
2S ..
18
2tt
4S
13
30
01 Vit
"0
nii.ao, comparea wnn 7i.9isn914 yes
terday. During the early dealings there was
heavy selling of oats, probably in sym
pathy with the action of corn, hut the mar
ket rallied later when offerings became
smaller and commission house orders were
oxecuted, There was f-omo good buying In
the cash market and standard sold at 55 '4
561.4c, against BS'BCUc yesterday. Sep
tember futures closed c higher nt 53 'Jo
bid. Tho high was 54 10 and the low B3',j,c.
December closed nt SlWSSTJc, an advance
of lie. The range was from 54 !4 (fi)53-ic,
and May was up 14c at the end, being
quoted from 5714 5r57?ii:. The high was
E7c and the low 66c.
Firmness was displayed In tho cash mar
ket for wheat. No. 2 hard winter changing
hands at $2,25, contrasted with $2.20(n2.25
yesterday.
Open High
Corn (new delivery
Dee 1.084 1.084
May... 1.034
Oats-
Sept... B3i
Low Close
1.0744
r.a'i
B7S
Deo
May...
ijra
Sept... 23.17
Oct.... 23.1B
Jan 21.95
nibs
Sept.... 23.58
Oct.... 23.4B
Jan.... 21.00
Pork
Sept... 43.80
Oct 4305
Did. tAsked.
1.0614 1.01",
834
B3J,
88(4
(I
B4
B74
23.33
23.30
22.17
23.67
23.60
21.03
43.65
43.37
23.17
23.12
21.05
23.50
23.42
20.95
43.30
43.00
INomlnal,
tl.osu
tl.OB'i
B3,4
B74
23.30
23.27
22.12
23.62
23.57
21.05
i43.RO
43.25
Test.
Clote
1.08
4.05H
18111
674
23.05
28.05
21.82
23.80
23.25
21.85
42.05
42.72
NEW YORK, Aug. 29.
There were many counter-movements In
the cotton market today nt the beginning,
the market selling off early nnd, after ral
lying In the early afternoon, encountered
heavy local realizing nnd continued selling
by Wall street, so that at the end there
was a net decline of from 10 to 20 points.
The bears were aided by dispatches
from Houston stating that there was a
general rain In central nnd sonthern Texas
which was beneficial to the crop. The
nctlvo months nt one time showed advances
of 16 to 25 points,
Because of the very favorable Journal of
Coommerca report on Oklahoma, and tho
presence of ralnR In Texas, the market
recorded a material decline this morning.
First prices were 10 to 20 points net lower,
and at the end of the first ten minutes
tho whole list was 20 to 21 points under
yesterday's close.
Local sentiment was quite bearish on
the orop outlook, especially the Improve
ment In Southwest' conditions of late, and
In absence of any aggressive support at
the decline prices continued to case off,
being about 30 points net lower at tho end
of fifteen months' trading.
DIVIDENDS DECLARED
Cresson Consolidated Gold Mlnlnit and Mllllnic
Company, usual monthly of 10 cents a share,
payable September 1 to stock of record Au
gust 31.
aiobc-Wernlcko Company, regular quarterly of
2 per cent on tho common, payable September
10 to stock of record August 31,
Poolh Fisheries Companv, regular quarterly
of $1.76 per share on preferred and 50 cents
new common having no par value, both payable
October 1 to stock of record September 20.
International Halt Company, usual quarterly
of 14 per cent, payable October 1 to stock
of record September 15.
Worthinston Pump and Machinery Company,
usual quarterly of 114 per cent on the pre
ferred "A" stock and 14 Per cent on ths
preferred "II" stock, pajnble October 1 to
holders of voting trust certificates of record
September 20.
Sears-Uoebuek A Co.. regularly quarterly on
the preferred stock of $1.75. pavabla October
1 to stock of record September IB.
Plerce-Arrow Motor Company, regular quar
terly of 2 per cent on preferred stock, payable
October 1.
American Window Gloss Company, regular
semiannual of 84 per cent on tho preferred
stock, payable September 7, to stock of record
September 4. ...
Hart, Schaffner & Mane, regular quarterly
of 1 per cent, payable September 29 to stock
of record September 20.
Dominion Iron and Steel Company, Limited,
for the half year of 34 per cent, payable Octo
ber 1 to shareholders of record September IB.
Dominion Steel Corporation. 1 per cent quar
terly, psyabla October 1 lo shareholdera of
record September 6.
United Drug Company, regular quarterly of
1U per cent on tho common, payable October
1 to stock of record September 15.
Chicago Telephone Company, regular quar
terly of $2 per share, payable September 29
to stock of record September 28.
Tonopah Belmont Company, 124 pr cent,
payable October 1 to stock of record September
IB. Transfer books close September 15 and re
nnn Kenlnmber 22.
x.iggeu jieycr uuaoco company, regular
uarterly of 14 per cent on ths preferred stock,
ayablo October 1 to stock of record Septem-
LOCAL MINING STOCKS
TONOPAH STOCKS
MacNamara
Midway . , .
Mlzpah Est
Montana . ,
North Star
lteacue Eula
Bid.
. .18
, .11
, .11
, .20
, .10
West End .. .V.'.'.V.V.V. '.'.'.'.'..'.'.'.'.'. . '.68
GOLDFIELD STOCKS
Atlanta ...
Illue Bull ..
Booth
COD
Comb Frao
Dlamf li li .
Oro
Sand Ken .
Sliver Pick
.12
.02
.05
.02
.04
.02
.01
.02
.08
Ask.
.14
.11
IS
.22
11 ,
.52'
.71
ill
.OS
.01
.04
.0$
.02
.03
.09
MISCELLANEOUS
Ariz United
Nevadi Wonder
Tecopa Mln
, .25
.2.00
.30
.m
214
.3.'
October .
December
January
March . .
May ....
Spot ....
Open
22.15
Yesterday'!
close
22.35 22.15
....22.RR 22.211
22.35 22.18
22.BB 22.3R
22.70 22.40
23.45
Hlsh
22.54
22.57
22. S7
2"1 7'
'-.'Sis")
Low Close
22.05 22.15
22.05 22.20
22.04 22.20
22.2R 22.34
22.48 22.BO
23.40
Total sales. 668,600 shares, compared with
6X7.000 shares yesterday 1 thus far this week.
1,402,000 shares) same period last week, 801,000
shares.
INACTIVE NEW YORK STOCKS
Following are quotations for Inactive New York stocks and In which there were
no transactions today. The price given la the last previous sale.
Adams Express ,
Adv Huraely pf
A n 8 A F ctfs
ao ciss prei
Aa Tirsr ..
Am Agr Ch.
.115
. 28
,10i
.101
..1I5H
SV7S
Am rer A FW b HA
Am Express J
Am Smilt pt ...114
Comp Tab R Co, 40 Manhattan Elv.,113
gonnior3.V.::io4H , f &;
&bVAVsugY., Ko'lov" "i i 1
d s a a a. nrer.. a ',.,e .J-V",fc..
do Pre A. .... J go pref.I'lOOla Natl Cloak Suit 734
-?"' .il.?lH nJtrolt KdKon . 128 Nat Ensm & 8 pf BO
'W
WaTHK
T 4NT lACCBtTMTAKM
-.v
OnlHit raktk AeeaWsaas
I I.WftlllsjW!
?rl,
Am Sugar pref... 118
Am numaira prst
Am Tobacco... ..198(4
Am TsIA Cable.. 6
AmTlTSdPrsf 024
Am Writ fa prsf 87 4
Asso DO 1st prst 82
Asso Oil ...... eiu
Atchison pref.... 9
Atl a AW Ipf .. 824
Raid Loco pf... U9
Bat Ohio pf.. 88
Dome Mines .... 014
Kleo Stor list... 684
Elk Horn Fuel .. 284
Den Cigar Stores. 81U
Greens Can 4114
Hartman Corp... 02
Havana Elso ...101
Homestake Mln .107
Int Aire Corn 18
Inter Con Corp pf B8V
TtelnnllflB Mln
Brooklyn R T 60
Int Harv Corn... 78
Int Nickel prsf... 108'
ftrnoklvn Un Uas.108
Brown Bhos 71
Burns Bros .... 91 f
ButUrtcK "! J2
Cent Tiy Co Vt,.ti
Cent Leath pf '..11814
cibih.au Ai.Aie
cdi a Alton..... it.
IS
:' !: H
r mi cits ko
Iowa. Ont
Aa nrmt ..lAi
JswelVTea ..... S7K
lfsna a flnuth nf. fig
iCeok D ti.,.. 44
Lsolsda Oast.... 90
Lags Erls A Wpf 28
L.s Rub A Tlr... 1814
Looss.W Bla Cu,. 1641
lirlllard V . 10
Lorlllard P pf,,.n ..'
: 'M T ...JIOH
National Lead . . 64
Nat nil uex :a pi n
N O T Mex ... 82
N Y C Bt L... 2(
N Y O A W 2d pf B04
N Y Dock. 1114
do pref ' 45
Korf South.... 2414
Norf West Pt. 814
Owen Bottle ... 92.,
Ohio Fuel 4H4
Ohio Oss rts .... 68
Pan-Am Pet pf.. 90
do prior pf ct.. .
Para Marq pr pf 4814
Fierce-Arrow .... 884
Pressed S Car pM0?4
Pitts Coalsf ctfs 121
Pitta Btl pf.
Quicksilver
Quicksilver
ao srez
Rwy Btl Spring.
'
..... lis
pf.... .iff
. 3
gt L south.... ia
Stand Milling ;t JS
Stud.baker pf '
Texas rts ... Till
Third av. :: :: is
Tidewater Oil ..:205
Tol St L West!!. ?tt
T at L ,. W 'ctf. 10
do ctfs 14U
Trsnsue Williams 41H
Un Bag ft Paper. 114
do new 82
JJn,Cl"r S pf...ll
tl S Rub 1st nref .108
Hni,.,.w??, Typ.lO0
United Dye Wood 68
Unl..,4. Drar ... 78
Unit Drug 1st pf 64
United Fruit ...128
Un Pen Board ., 274
Unit Ry Invest! 8
Ua Rwy Invest pf IS
O 8 Express.... la
U B Ind, Alco pf, 108)4
U 8 Raaltr Imp. I 1514
Va Car Cham pf.lll
do 1st prst..., 3114,
West Pao R R.. 17V,'
do prat , 47
White Motors ... 454
wiuya wrerra px vi
wis wemrai
MONEY-LENDING RATES
NEW YORK Money on call opened at
3H Per cent; high, 3: low, 2i ; last, 3;
close, 2?iS3 per cent; ruling rate, 314 per
The market for time money on Industrials
showed continued firmness on moderate
transactions. Rates were not notably
changed at 6 per cent minimum up to 6 U
per cent for loans Into next year. On
cood mixed quotations were unchanged at
44 per cent for sixty days, 4?4j4i for
ninety days, 4(0o per cent, lor four
months and 5 per cent trading figure for
five and six months.
Bank acceptances were quoted at 4 14 and
4 per cent for Inellglbles and 3p3 per
cent on cllgtbles.
Prime mercantile paper was quiet at
a minimum of 5 per cent, the came as on
collateral loans.
PHILADELPHIA Call 5 per cent; time,
65si per cent. Commercial paper, three
to four months, 614 5 per cent; six
months,. 514 06 per cent.
LONDON Money on call was unchanged
today at 4 per cent. The rate of discount
In the open market for short bills was
4 per cent and for three months' bills
'4 13-16 per cent, unchanged?
BANK CLEARINGS
Bank clearings today compared with corre
sponding day last two years:
1917 1918 1915
Boston , . . . . . I48.280.41 1 IM.OM.a8S $?2,421 8(10
Philadelphia . 63.406.236 87.074.688 30,777,038
New York,.,ilu.BU3.ni sin.iss.nsi 34Z.442.2tH
St. Louis ... 20.854,811 18.044,853 12,126,604
Baltimore .. 7,624,376 5,700,200 ,,,.,
NEW YORK COFFEE MARKET
N1$W YORK, Aug 29. The market for
coffee futures opened unchanged to a de
cline of 1 point today. Trading; on the
call was quiet, sales amounting io 3000
bags.
. . - . Test.
open Ijign Low Close floss
Liverpool Cotton
LIVERPOOL, Aug. 29. There was a
better demand for spot cotton, with prices
Irregular; sales 3000. There were no re
ceipts. Spot quotations were: American
middling fair. 19.43d; good middling,
18.95d; middling, 18.45d; low middling,
18.00d; good ordinary, 17.05d; ordinary,
lG.55d.
nu
ler 17
naya
in
FOREIGN EXCHANGE
NEW YORK, Aug. 29. From the ex
tremo low record rates of 18,75 for ruble
cables and 18.60 for checks reached at the
close yesterday, there was a slight recovery
this morning. Lire was easier, but the
other markets failed to show any appre
ciable change. Business was very moderate.
Quotations were;
Demand sterling checks 4.75 916, cables
4.70 7-16; slxty-day bills nominally 4.72,
ninety-day bills 4.70,
Frano cables 5,7614, checks 6.77.
Lire cables 7.47, checks 7.42,
Swiss cables 4.56. checks 4.58.
Guilder cables 42, checks 41,
Pesetas cables 22.50, checks 22.40,
Ruble cables 19, checks 18.90,
Stockholm cables 33.60, checks 33.30.
Chrlstlahla cables 30.70, checks 30.50,
Copenhagen cables 30,40, checks 30.20.
Following an early slight rally In rubles
the market weakened again from 19 for
cables and 18..90 for checks to 18.70 for
cables and 18.60 for checks. The market
for tnia class or exenange is now at the
lowest level ever reached. Pesetas also
turned easier, with cables quoted down 10
points at 22.30,
DIVIDENDS
OFFICE OF
THE C. II. OKI8T COMPANY
J .AND TITLE UUILD1NO
Philadelphia, Pa August 28, 1817.
Ths Directors of Freeport Has Company hava
this. day declared a regular quarterly dividend of
one and one-halt per cent (81.30 per share) on
ths preferred stock of the Compsny outstand.
Ing. payable September 1, 1917, to holders of
saia iivlk u. iowjiu .t i.o cuev vi uuniness I
data. Checks will bo mailed.
li H. WEAK.
Secretary.
Bar Silver Soars Again
Bar silver soared again today, hitting
new high ground In New York and London
for the present movement In New York
the white metal advanced a cent to 89 4
cents, and In London it gained one-half a
pence to 4514 pence.
Comparison follows:
Last 1917
Today, Yes. Wed. High. Low.
New York (cents) 894 884, 8811 8nV tjS'
London (pence).. 454 45 44?I 454 33)1
Resume Gold Exporting to Japan
NEW YORK, Aug. 29 The Subtreasury
has transferred by wire to San Francisco
$500,000 Incidental to further shipments
of gold to Japan. This Is the first with
drawal for' exports since the new plan
initiating licensing of gold exports was announced.
Limit Coffee Receipts
NEW YORK, Aug. 29. The Commercial
Telegram Bujeau cables that from Septem
ber 1 official limitation of Santos receipts
win te BOOO bags dally.
ELECTRIC HOND AND SHARK COMPANY
t Of 71 Broadway, New York.
i,,-,,.i a iait.
To the preferred stockholders of the'Eleetrls
KOnd Inn Hhere r-nmnenv vmi ... I....1.W n.ISI
that pursuant to a vote of the Board of Dlree-
iors aaoptea August 28, 1917, arrangements
have been made to offer to tie holders of ths
prsferred stock of this company of record at ths
close of business August 80. 1817. ths riant to .
subscribe pro rata for 10,000 share of ths
preferred stock of this company at par cost and
accrued dividends. Each bolder of preferred
stock Is entltlsd to subscribe for ons share of
new atock for each eight shares of preferred
V" mm oy mm at in close or business,
Ansrnst SO. 1017.
The subscriptions for tho new stock are to bs
maqfl at tne par value. $100 per share, of tne
preferred stock plus accrued dividends at ths
''if. ql D "er cent per annum.
The subscription price will bo payable In Nsw
York funds on and before September 20. 1917.
plus accrued dividends at the rate of 6 per cent
per annum from August 1, 1917, to date of pig
ment on or at the action of ths subscribers, la
two equal Installments as follows:
One-half on or before September 20, 1917.
One-half on or before December 20, 1917.
At the time of final payment an adjustment
wllkbe mads between Interest at the rate of 8
per cent per annum unon first Installment snd
dividends at the rate of 6 per annum on such J
preferred stock. Subscription warrants signed I
by the President or an assistant treasurer will
be Issued to each preferred stockholder, specify
Ing the amount of preferred stock for which tb
prefacxed stockholder Is entitled to subscribe.
Such fjhrrants will be mailed as soon aa maybe
after August 39, 1917.
A. E. SMITH, Tressurer.
SCT
wa-aVsHfc .....d i pjntr. .,..,. vi.iit.T.i-T,n,x,T2 ,! xtotiLm&mjMimmtMjmitMm:i
t- BmnHnaSasYKft 1Tir"-'"""""" fit I'lT KB rTT 'iMFTHrTUHninwilmmTW'rimMi
iaiiIleWaBBHLraL,a ;' ::tm5iMMkkhM!J6tMKBKUIM
i this
TUB AMERICAN OAS COMPANY
104 Market Street
. CAMDEN. N. J.. August IB. 191T.
ijk 1JUII.,J' .... mi m-n, .-w,w w I
ra bh .is
U. S. Army or Navy
Red Cross or Y. M. C. A.
Letters of Credit are the safest-and mostonven-
ient medium for carrying funds.
During the war we are issuing such Credits, free
of commission, to officers and men in the.U. S. Army
and Navy, and to those engaged in Red -Cros3 or
Y. M. C. A. work.
Wo have also sent our American representative
to France for the convenience of our friends, '
with headquarters at the joffice of the Credit '
Commercial de France, 20 Rue Lafayette, Paris.
BROWN BROTHERS & CO.
PHILADELPHIA
New York
Boston
BROWII, SHIPLEY, & COMPANY
vvvitiimi vvuri.i.viiiiaeur.f
msdn
HiTlW .. S
J : in III Sisal -"-" V&
TUBMMll M