'.JL-iiH'' " -
- - '"" - ii t-iJ-i J , ' V ' ' ' x v- -ittfai I
OSSIP OF THE STREET PHILADELPHIA MARKETS
f GILT-EDGE BUT LOW-YIELD BONDS
SACRIFICED FOR SHORT-TERM NOTES
I Many Institutions Disposing" of Long Maturity
Securities in Favor of Brief Period
Ones Gossip of the Street
. ,
'jtlHE temptation to part with municipal nml other low-yield bond at a loss for
X hlBh-yieW shoit-tlmo notes is too jjreat even for some of tho hlB banking Inter
ns 1hat could easily carry them. Tho representative of ono of theso said;
"I nm goltiB to close an offer for $300,000 Kilt edge municipals ylcldlnB between
.7 ij and 4 per cent at a loss of moro than 14000. as our concern can Invest tho money
I Jiist now to much better ad-antagc. They have given mo Instructions to close the
rt jje'ai and " breaks my heart to do it, as I know theso municipals will be in demand.
"There are so many institutions like the Mr life Insurance companies and the
(ftvlrtirs banks," he said, "that must hnvo that class of security for their investments
u io as to comply with tho law. Most of them do their bluest buying between now
i and, the closo of tho year, and as far ns I can see there is (joins to be a dearth
i of municipals In n yoar or so from now, ns tho Libcity Loans nro golnB to prevent
municipalities from putting out nny issues of importance until tho money market
'permits of municipalities borrowing around 3-i and 4 per cent."
. ' Clean-up of Job Lota
.' I never saw a market as yet In my cxperlcnco where It waB possible to clean
Op and get rid of the taB' ends that wasn't nlmost due for a rise," remarked tho
h manager of ono of tho oldest banking and Investment houses in tho city.
f - "That," he continued, "Is tho condition of the market today. All tho odd lots
V ire belns absorbed, at bargain prices to be sure; but they aro being taken up, all
- the sme: they are not dragging.
' 'Thero is a healthy demand for good rails. Tho Allegheny Valley and Heading
improvements aro worth attention at present prices."
Too Close to Wall Street?
Fred. S. Morris, western member of tho firm of Morris Brothers, In the Morris
Building, Is in this city for a time, during tho convalescence of his brother. lie
resides in Poitland, Ore. Ho remarked yesterday, when asKed his opinion on general
conditions, that ho did not feel himself qualified to express an opinion on general
conditions in tho Knst. He said tilings are done so very dlffeiently In the West that
he has not yet quite got his bearinss.
"You nro too closo to Wall street here and too much Influenced by tho fluctua
tions of the tape. We never allow anything in Wall street to Influence us out West,"
be said.
. "Then," he continued, "business seems to bo done so differently out West. Now
If I want the loan of $100,000, or $250,000 or $500,000 I go to my banker, who knows
me and I get It. Here I must give a statement to a banker; I hnvo to put up col
lateral; I have to wait until this one and that ono passes on it, and maybe some ono
L consulted who owes mo a grudge and it's all off. In the West the banker lends to
fie man; he lends to character; and If a man gives his word of honor that's enough.
' "I believe," he said, "that the lato J. I. Morgan followed that idea in his dealings
tho man meant moro to him thnn anything else.
"There's another thing in which tho people in tho West differ from thoso of tho
East," he added.
"They don't understand a premium; that is, they can understand one offering to
tell a bond at 88 or 90 or par, but not at 102 or 105.
"Wo had on illustration of that u short time before I left for the Kast," he
remarked. "A woman came in to buy some bonds wo wero selling at 104. I ex
plained tho premium, und she asked If tho bonds wero perfectly good. Of couise,
' (he was assured on that point and bhe bought them, but I felt she wa3 not satisfied
and said so to my brother. Next day she came in with the bonds. She said she was
'not satisfied. Sho could understand paying $10,000 for foity bonds, but sho could
not see why she should pay $4000 mote. Again it was explained to her. rinally sho
bought them, but it was not until after cashing her coupons that sho seemed per
fectly satisfied.
"Tho West," said Mr. Morris, "is in splendid condition. Tho fisheries and the
lumber are booming and the crops are better than over.
"The I. W. W. were properly handled at Washington. Thero was open shop
eerywhere for them, but they were warned that no disturbance would bo allowed.
Tugct Sound is tho only placo out West that Is an exception to the general pros
perity." Big Sale of Two-year 6s
"We have just bought and sold $280,000 of tho two-year 6 per cent notes of tho
American Public Utilities Company," said tho manager of the investment depart
ment of Bloren & Co., bankers, Chestnut street near Fourth.
"These notes," he remniked, "aro secured by tho first and refunding 5 per cent
bonds of tho Wisconsin-Minnesota Company. This company owns nnd operates
electilc light and power, btreet and inteiuiban railway, gas, domestic water and hot
water heating properties In Kau Claire, La Crosse, Chippewa Kails and Menominee,
; Wis., and lied Wing, Minn. It is conti oiled, nnd managed by tho American I'ubllo
'Utilities Company through ownership oi common stock."
Did the Kaiser Upset Yesterday's Market?
Thero wero all sorts and conditions of rumors on the street and in tho offices
of tho Investment houses In the city jesterday to explain stock market conditions.
One of them was glen by a usually level-headed broker, whose specialty is publla
utilities.
"I heard," he said, "that tho market condition was bi ought about just as an
almost blmllar condition was brought about early In the war, nnd that was by the
Germans dumping $100,0)0 Into the Xow York Stock llxchango to upset the market."
Or Was Pre-Christmas Peace Responsible?
Another and perhaps moro pluusiblo reason was given by tho head of a largo
banking house. He bald thnt he heard it was the persistent rumor of peace beforo
Christmas,
"Thero Is no doubt that the next meeting of tho Reichstag is going to produce
results in Germany which will be revolutionary," ho said.
"President Wilson's reply to tho Pope is simmering in the German brain and
the results will bo seen beforo long," lie observed, "Tho German people will natur
ally, at first, bo disinclined to chango thoir present form of government on account
of the great prosperity which camo to that country in the last two decades, but
they aro commercial enough to know they can't mako enemies wltn tho wholo world."
Predicts Rising Market
"The market conditions don't disturb me," bald a well-known banker. "We must
have a rising market If wo aro going to tell tho next Issue of Liberty Bonds and wo
ro going to bell them. This is tho time to buy standard stocks, as they arc bound
to go up as soon as the Liberty Bonds arc decided upon as to terms, etc."
Public Utilities Quiet
, "Public utility securities aro very quiet," said the head of a firm In the Stock
Exchange Building that bpeclallzes In that class of securities. "I am glad to see
tho.publlc service commissions all over the country taking a broad view of tho rela
tions of public utility corporations to tho public. Many of theso concerns, especially
the tractions and intcrurbans, must bo reorganized before long, and in the meantimo
the public servlco commissions recognize they must charge the public more for
service it they aro to contlnuo to operato until such reorganization, or until condi
tions Improve as regards coal, material and labor."
A Suggestion to Popularize the Next Liberty Loan
Spencer Tiask & Co., 25 Broad street, New York, in u communication issued
to their correspondents, say:
Tho suggestion has been made to Issue u national loan In denominations as
low as $1, und have investors in this loan contribute in small amounts and
receive a stamp or some other evidence) of deposit from the agencies of tho Fed
eral Government, which would bo luter convertible into a bond of largr denomi
nation when sufficient money had been baved for this purpose. When it Is con
sidered that less than 4 per cont of the population of the country, as a whole,
subscribed to tho Liberty Loan, notwithstanding its success, the possibilities of
a loan of the typo given aro of tremendous import. To the extent, therefore,
that a larger percentage of the population as indicated contribute to "such, a
loan, so much moro relief would come to the banks, Institutions and larger In
vestors, and mako the gigantic task of financing the present war considerably
less onerous."
Deepest Oil Well Abandoned
Speaking of oil production and oil fields recently, a well-known oil operator
said that the deepest oil well in tho world had at last been abandoned. This well
Mas located at a place called Candor, near McDonald, on the Pan Handle- Division
of the Pennsylvania Railroad, somo miles out of Pittsburgh. -
The McDonald region was ono of the famous fields In the early das and still
produces a considerable amount of oil. Passengers on the Pan Handle coming or
going to Cluclnanti have often wondered at the forests of oil derricks which ex
tended from tho neighborhood of McDonald to tho Ohio River at Steubcnville and
beyond.
' This well at Candor has' been drilled to a depth of 7245 feot, and it was com-
f aonly reported that the drilling was being done by the Stanflard Oil Company, which,
ti was said, had given orders to drill until the drills melted or dropped through at
t' the other side of the earth. Over half a million dollars had been spent in the drilling.
'The abandonment was brought about through the fact that at the bottom of tho well
I ' We two full strings of tools, -one spear, one loose bit, a, forty-five-foot stem and bit
and 410 feet of nnrtpil nnd r.ollaused rimlnir.
""Many visitors have made a Journey to this well as one of the world's wonders.
London Pays High Price for Loan
The increasing cost of foreign borrowings In this market was emphaslzod yes
terday In the announcement by the, group of New York bankers who have pur-'
chased tho $C,4pO,000 one-year discount bills dated September 18, 1917, of the
Metropolitan Water Board of London, which havo been placed on tho market
on a 7 per ceit discount busls to redeem a like amount of discount notes which
mature September 18.
The Metropolitan Water Board operates tho publlo water works which supply
tho entire county of Middlesex, which virtually means the city of London, and
Parts, of. Ave counties adjoining, serving a population of about 7,000,000. Tho
Mrviie'H 'performed virtually at coat, but the board has power to Uvy taxes on the.
WKs!?".
u
.f4 xw I
--
W v t
tw MM aUwujut note on 6 per rot Mau.
PHILADELPHIA
MARKETS
CHAIN AND FLOUR
k-tVwr.A!.r.i'"'Pt". SIMM Mishfl. Thi mr
hVvmSJ. Vi""1''' Uuotntlonn (car loin In txrorl
v.d' ""' ASl anmle mple, h 03.
I'On.V . Th.
J market wan nominally fry firm
uui trnu wtiB quu-i. wuo
Inrnl trttilc ma to locution
IIa... lll .A .In Vna
An.l n ;...,- -"", ,...,..,, uu, .w.
...... ,riiotT, nominal.
Demind
was itKaln
whll n. i;.L '"icnnrs. wuomuunti rvt
WniiUr! v' ,"Jlrt standard h tc, nfw, on
,,, ,, ' "ivuiic
5 u,""ri.Pt. tioo iRrrlft nnd MM.200
tfl. upot nuppllffl were umall and
MJlr1 firm under a fair le-
loiionlnn wre tn quotation
tal nn.IUW n""lnw.
W..V .''"J. lo,, for
Wratrrn No a jel
3. 4 ami (I wiinS.V.
Inl7te:f,p,, 151.15 buhl.
hlti ..ir il'Xl ffrln. Quouilo
pounds In ack.
mand Th
i'r lvn II,. i, : y. ,-.-.-' r... ...i..
Ii) BO- Kri"a)- .Winter atrala-hl. new, !(
riear. new. iio.?nF n zn, no,
Wll.i.l! do, latent, nc.
1?B': Kni
I BV""V Jil "
1 ' in, Sn ..I'".""'. nr"1 ear. oin. jii.nu'ir
ill ?.'.2.-'i!rAtl oM. t2.Mionsl do. favor-
lnter!ii.n.t; albo. do. re.ular araden.
U 7 lralrht- MU0JUOO. patent. thliU
llh?'nr,?ii?,,n,?.nld 'irly and ruled nrm under
!!"'. ""rrintrs We num. luintnin mill hm.
lO10 5o iot. accordlna- to quality.
tnen'a
The
PROVISIONS
demand rL. 7 .!U,M nrm W '" JWn
and ,,i. ?.u,ot.,,lon City heet. In et. emoked
imM .Ij :."?, Di knueRlea ana tenart.
Ia an.l , ... ."-'.-ii-.i, .nc: weaiern oeei, anum-
32 SoVk Vllir.- moked ":. beef hama, S0
ii? -mii Wi'J'- 4T.5nMs bama, B. P. cured.
ato.XRs5tSi. Wnnee!. loo.e. SSffSV,r.,
Li.-.. ao- emoked ineadWr. olVi.r hm amokrd.
do .miT.,l "" ,n l,ran' "" xernuo L'ilUJ7e
tSnellf?. "jiS'1 cured. 2IH4 27e, .in. boiled,
loo.- "i..40!' v,entB ahouldera a. r. cured,
crnrdln. V "" "moKea. X2Ci De Ilea in p:
ii la hS.tS "are. looac. arte: br-akfatt I.
fiat hViin"1 na eraite. cltj- cured. 38c: b
iIi!i.V,c?.n- weat.rn cured. .18: lard, wei
eenned
ara
ilckle,
liacon.
break-
to,.lufl A..B.I .... ,.. M...A.
llercea Un .. J.t .In ,,t.a -li..
nil.. .1... I ..'..' -,'' '1'.. "'-. -" -
"M... V.'"i. w'!. i renaereo, in tiercti,
... vU, uo, 0 ,n ,(,,, 5nc
REFINED SUGARS
ofi'SVfn' ? ""''t bu sleadv en a ba'U
or saes.ioo for estra fine eranulated.
DAIRY PRODUCTS
fr.'ii 7"En i1"1 market ruleit firm under llcht
nnnf'iR" na...n f'llrl' aitlve demand The
rXi"..n,!, i Western eolld racked creamery
4 mf 'SZcl''.4'i' ra. 44Sc. extra llr-its,
r.,!lf.' rj"'"' 4,;1 onda. 4.V nearbv print.
5aS":.i S,ia,tr.W ''x,ri1- 40B47C. flrata. 44M
JolblnJ "t'siosjf43"' "u'cU1 br"n1" ' Prlnt
nrEiV.:Si.t.''"C ,nT-lM eeua were .cares and
in V .'r " f."lr 'linand. liut heated etock wkm
?n;. 1'LlVk. Tn Huotollona follo. Free
"""-.nrnrl,' nratn Jlitm per standard iw.
Vi'ii 'Hi reieinn, 12.sn per caae: seconds MU.U3
per eae. nestirn utra ftrata. 112 'i i-t
nrata. 112 30 tier ill,: m.rnmli lllin(
11
caae
m" J?"1"- 12.10 per iae: aeconda. filing
itaiiKM-V".' f."1"' "''"-ted etna were Jobblni
nffer iiii V;r7 . ".market ruled firm under light
vViJt ?,iibut ,r"d" ,B" 'l"1" luolatlon: New
hiJh.'. uli "", faniy, Jun. MHd areciala.
2'rur,f".1"n."'1'' b''--'25ci choice.
.4Hf.li, c. f.ilr to kooU. 232J4c.
POULTRY
...WU """.J1'1 '' f'r '"d h market
ruiea nrm under moderate rfferlnffn. Quota
l8 in. Wl! a to iiuallty. 25f27c. rooatera.
Jiii.! Pl. ,",rln.'-' ehlckena. not I,.horn, plump.
.r,,n?,,""kl7,"",i w"'Mnr ViiS2 Iba aplet e.
-puauo, do. do. smaller alea. 2(1 2hc; Whlta
inJfi.trn!i Mea8?'' luck, Pekln. ttu2lr: do.
!VJ"S nunnr. ISOlUc, do. eprlng. 2inl21c.
!alr"'(Kt"- ' V" f"klt' -5-. do young, per
flrm'ir8?.'''''!" "tflcl '"Id '''ly ona ruled
nrm under I sht onerlnaa tjuotatlona, Panla. 12
"Mr Virj.VJfireilJ lt drt-Jptckd. fancy .elected.
iilir i, 5T.B 4 lb"- "n'1 0'r apiece,
"n?c.l0 ,4 ''.' riecc. 27r. do, aVt Iba. apiece
i .id0,.:l ll"'-. "K1'". 24C23C. fowl.. Ic.d.
in bbN . fancy .dry-picked welthln iV, Iba and
V'T- -7l'',l 4 lb "pl're. 2flw"4c:
AW" w m?' Ifr30' ol,s """era, drv-plcked
-Jt?J trotllnar chickens, welghimr 1W 02 Ibi.
si'J?"'' fanci:- i0". lrrl3aT fancy
r,S",."c:, ""'er nearby. MWJIr: western. -.'4
2fio. turkeia frjah kl led. Iced. pr lb , weaiern
?j;Lhe"'i5 ,:c' common; 20C 22c: duck?.
7't"ni: 11 to 12 lb. par .JoVen 14 505t dS
2lhS t,..,0i,b"- "S,1.'. 3 OO04.ini do. do
2 ,i'.ro"l0A,'.Pj.,:-I5ws l0: do- "i T Iba pe
dozen. 11. ?r,
?. OOoffl 11,35,
dark
ill
IllUJh. J.'.OOOJ. Wealthy, J2U4. Applea n
by. per hamper, tocittli no.- do. do, per S-bi
basket. 23c (Ml. Lemons, per box, SStfS.
)i.0UW2; .mall and No.
FRESH FRUITS
r,.rin,11up." .of fln" nualltv sold fairly atid
SiiniJ1 fy nn'r- Other trulta were In fair
supply and demand nt rolaed nitures. Quota
12X' Ap.':!"v VlrnlnlH, per barrel Graven
"'el'!, IV5(iS: .Summer Hanihn. t-r.nA!
near
bu'hel r ....
?,"." ?HfrnU. per bo 24. I'lneapples.
I'orto Itlco. per crate. I2.n0(tt.v UrMt... n.l,.
ware, per 8 basket carrier. oOnc; do. do. per
3-pound basket. 12c, do. Tallfornla, Tokay,
per 4-baaket crate. Sl.30ttl.73; do, Cnllfornln
.Mnlaxiia per 4-baaket crate. S1.2ieTI 7.1 I'lums.
lallfornla. Grand Duke, per crate. S1.23W1K1)
( Hntaloupra .California, Turlock, per atundard
cnte, SJoSRO; do. California Turlock. per pony
irate, SJ.23W2 .in- do. California Turlock per
flat crate. S1.2.'.1.50. I-eachea. D.laware
iiii.I Marland Hello and Klberta, per 111 nuarl
banket 21Mrt3c; do, Vlmlnla and Weit Vlr
Slnla, per bushel basket 80fl7rc, do, California,
I.lhertH, per box, tloTnc Tenrs. I)elaare and
Marland, per lumper llartlett, Jl.."UJiC 23,
h-eckel. S150ff2 23. do. CallfonU. llartl.lt, per
bot, L'tf-I. Watermelons, per car, J304f 130.
VEGETABLES
Choice stock aold fairly and aluea cenernlly
isere well austalnod as follous' AVhlte potatoes.
Kastern bhore, per barrel No. 1. S2.rot?3 00.
No. 2, Sl.KUWSSj do Delaware and Manlan.l.
per barrel No 1. IS6JM; do, Jer.ey, per !
bushel basket No. 1, TSUfSOo, No. 2. 4util!0c:
do, per bushel, SI. 1001. 1.'.. Uweet potatoes.
North Carolina, per barrelNo. 1, SG3SU, No.
2, fl.23 1.73, do naatern Shore, per barrel
No. I S3 7S4i No. 2. Sl.502 2! dot Jersey,
per 'i-bushel baaket No 1, Jl.J.'iWl S3; No. 2.
r.OBhlc. Celerv. New York, per bunch, lMSfSOc.
lettuce, New York, per box, nocSl. Onlnna,
Jersey, per S -bushel basket, "IWVOc: do. Kast
ern Hhor. per hamper, 40c to 11, do, Orange
County, New York, per hamper, Sltrl.40; do,
per 100-pound bag, SJ.23 12.73
GOVERNMENT'S LOCAL
MARKET REPORTS
This daily report (J tent out by the
Bureau or Markets of the United Statu De
partment of Agriculture, Philadelphia
branch, with headquarters at 300-S1S In
surance Exchange Ruilding. Bell Tele
phone, iotnborii 7J7,
rnuiTs
(Wholesale prices on lame lots to Jobber. )
APri.KH. West Virginia, per bbl. (40-43 quar
ter). arlous varieties, S-!4,SO, nearby, r-r
'-bushel tatki-t (S-9 quartern), handpliked. tlSa
(Ml; culls. 23030c
I1ANANAH, per bunch (10-10 doien). SI. 20
l.CO.
CANTAI.Otll'KS, California, per Jumbo crate
(36-43 melons) IS BUtr J 70; per standard crate
(45 melons). S3; per flat crate (12-13 melons).
SI. 2381.311. white rinds, per flat crate (0-8
melons). S2 2502.30; nearby, per H-bushel bas
ket (15-1S melons). 406 U3o; culls, 2Qtf3.V.
CinAI'KH. Iielaware. per 8 baaket crate, most
ly SI, per 3-lb. basket. 12UlHc.
l'KACHES, nearby nnd !elaware, per 111
qunrt and i -bushel basket (7-D quarters), 15
one; per fl-basket crate, New Jersey, mostly
Kllertaa liOcOSl.BO.
l'KAUH, nearby, per S -bushel basket (8 0
quarters), Hartletta, 7SCUS1.30; cooking pears,
oa u w.
per
W'ATUrtMlJLONS. . per car, S40360; nearby,
100 melons, 3W2o.
SOLD AT AUCTION TESTEHDAY
i.S,
nnAPKH. California, per 4 baakst crate.
lbs.), Malagas, Sl.lOtfl.riOi Tokays, 11.3092,
.eemess uic'n.iw.
I'EACHES. California, per box (72-100
peaehea), Klberta., 434C730.
rnAUS, California. Uartlette, per box (123-173
pears), si.S52 40.
ri.UMa, California, per 20-lb crate. Grand
Duke, hOcWU.UO; (Hants, 65cOS1.20.
OKANQKH, per box. California, large alto
(10-12 dozen). Sl.3304.TSi medium alio (14-18
dcien). S2.1SO4.0U; small .lie (20-S0 doien).
S1.15W4 .10. . .
I.EMONH, per box (30 dozen, California, S3.23
2i.VQ; 3U dozen, S3.233.83.
VEGETABLES
11EANS. nearby, per H -bushel basket (0-10
Suartera), green, 33ifU3ci wax, aSlffOOci lima.,
OWTlc
1IEUT8. per bunch, nearby, 2(i3c,
CAUDAUE. nearby, per S -bushel banket (IS
20 beads). 201435c. . ,
CAUROT8. nearby, per bunch. Hi &3e.
COHti, per 'i -bushel basket (3!t-4M dozen),
43 7i)c per 100 eara 11.33 31,50.
CtlCUMIIEKH. nearby, per h-bushel basket
(50-75 cues). 2530001 per bushel basket, New
York, fl.lOfl.SS.
EGGPI-ANT, nearby, per H -bushel basket
tin-la pianiai. inwon.
LETTUCB.
)0X.
riKTnNS. neatJy.
83 Ibs.j. SlWl.lOj New
OWB, ,WW
EIIM
New York, per box (3 dozen),
per S -bushel basket (SO.
dax yellows, S3. 33
rrerfrctiH. n
doienl, 2IIW40C.
2.85.
ITork. per 100 lbs.
nearby, per 'i -bushel basket (8-10
nrct.KllY. tier hunch (19 slalkai. "3Kn.,
rOTATOEH. Eastern Hhore. Virginia, per bar
rel I.15W40 quarters). No. I. 2.75H.t.Bm do.
No. 3. fl.BOHSi nearby, per H-bushl baaket
in-ii quarLarai, ftu, i, tavyvv
uyo'M i
1, TS&VOci do, No.
4U
3.601 do. No,, 2, Sl.r.rtMlJ.li nearby, Per H-
rVv'inVciarsoc.- lifi&
,Siftits:'iar Hbu,h,, tft M
Tunnu-B. nearer, per n-busnti casket (t-v
fiutw). sraUtnr, MCiOc,
-lirJ-, r ;,,
a;',b .-
i.-&
CORN GETS STRONG
AFTER NERVOUSNESS
Predictions of Cooler Weather
nnd Bullish Wenther Report
Help Prices
On.IN I1EI.T WKATIIF.P. JORECART
rilirAllO. Sept. 8. Thi. fallarrlng Is the
"tW'T 'ore-ea.at far thlrtj-sl heurat
Illlnolir Thunder ahowera, north, thla nfter
nooni rlondj tonlthti rooler, norlli.
Mlasourl I'artlv eloudr lonltht nml Thura
V.!.,,'f ThuradaT, north tonight.
Ulsronsln Fair Unlght nnd Thursdnyl
fooler.
Minnesota Fair tonight and Tburadayi
jaoler lonlghti warmer west Thursday l front
tonight and low temperatures In north nnd
wet.
nl'f f" I''r ,onlt,,, nn1 Thnrsdayi rooler to-
NoHh Dakota Fair tonight and Thurwlart
'"tonight 4-nst. with frosts.
Nonth Dakota I'artly cloudy tonight nnd
ThMradajri cooler past.
.Nehra.ka PaHIr elondr tonltbt nnd Tliura
aayi cooler east and rentml tonight.
Kansaa I'nrtlr elendr tonight and Tbnra
oayi roolrr north tonight and southeast
Thursday.
Montana nnd Wjomlns Partly rloiidy to
night and Thursdu).
CHICAOO, Sent. r.
Prodlctlonn of cooler wenther In the bolt
and bullish rciwrti for thu week by tho
fritted Statea Wenther Ilurenu ntul the
Price Current streiiKthened the corn mnr
ket today after It had moed !omewhnt
liervoualy Sentiment npneared to be morn
favorable to the buying aide In lc of the
lntcnesi of the crop
One authority asserted that be was of
the opinion that the final outturn woutd at
bent be somewhat le.s than tarlou ofll
clal and private estimates nnd that on
account of the backwardness of the nu
wm there wan xerlous pro.pict of hoay
loti by froat Shorts vero compelled to
cover and there was a rehnl of tho In
dustrial demand.
necelpts were light. Stocks hero ntc
confined to 252,000 bushels In private ele
vators. The sample market was firmer. No. 2
mixed was 2 0412.10. njralnst Jl 98 yes
terday, nnd No, 2 yellow 52.15, compared
with t2 0Sf2 11 jesterday.
The market nt Liverpool was firm, with a
sood demand for spot.
Final future prices wrere below tho top
The high on December was Jl 18. tho low
fl-M4, nnd the close J1.13fSU 124. atfaltiM
11.11 at the end yesterday.,- The best on
May was J1.03, the bottom Jl 0 and the
close JlOS'i, against J1.07U at tho end
jesterday.
Oats also moved upward The'bujing
was of n good character Importers took
about 60,000 bushels In the last twenty-four
hours. Comparatively little of tho foreign
requirements have been supplied. The
Southern Hemisphere Is not offering. Shorts
were the principal bujers here.
The high on September was 56 c. the
low 50 He and the tloso 56 '4 rt iSc,
against K5ftc nt the end yesterdaj-. The
top on December was 65T4C, tho bottom
65Uq nnd tho close 65',i55lic, against
C5c, jesterday's last price. The best on May
was 59c, the low 68Jc and tho closo 58
tT584c, against 68'ic. jesterdaj-'s last
price.
Standard In the sample market was 5l'i
(u"584c, against SSUiWio yesterdaj-.
Tho visible supply of whent In tho f nlteil
States, accoidlng to Uradstreet's. Is 10,315,
000 bushels, an Increaso of 156,000 bushels
for the week, and compares with 05,764,000
bushels n year ago,
Leading futures ranged na follows
, Oren, High. Low. Close, closw.
torn tnew neiiery
iSL"
Dec ... 1.12 1 h 1.11'a 1.1.1 l.llt.
May... 1 OI,', 1.0 1.07 tl.OSH l.OJN
i)tts
Sept r.n'-s r.n4 ..' .'.m? ,-.n
Dec . sr.s r,-.. r.r.li r.r.s r.'.i.
May.. r,"j'. OS's 3Nj 5H' r,s.
I.nrd
Sept . 33.3." 21 42 21 30 23 37 23 ,".
let.... 2.1.37 2137 3 13." 31 SO ".M 5n
Jan.... 23.10 33.30 23" 03 "3.M3 33 32
IUbs
Sept... 23 3D 23.4," 21 lin 2l4r. S23 lid
Oils . 21 5l 2,1 50 3.1 37 33 42 33.17
Jan. . 30.il.! 3105 SHOD '20 3 31.12
Oct ".'. ."" 42 (111 42 73 42 45 42.02 fl2 95
Hid. tAsked. INomlnal.
FROST IN NORTH STATES
Unfavorable for Corn, Says Govern
ment Report
W.VSIIINiiTON. Sept 5 The (lovorn
ment weekly weather bulletin s.ijs- "'flieie
was somo frost damage In tho extreme
northern States, fool weather which pre-
ailed In most central nnd northern States
was decidedly unfaor.ible for the rapid
maturing of corn.
"It was too wet In many central and
eastern cotton districts for tho best de
itlopment of this crop and Increased boll
wcell damage was reported In somo dis
tricts. Well-distributed rainfall was bene
flclal In most of Texas.
Cotton picking was delaj-ed In soma,
parts of the South by showery weather and
hurestlng and haying were Interfered with
to a slight extent In the central districts,
ltalnfall however, lmproed tho condition
of the soil and plowing for fall grains madn
good progress except where still too drj- In
the extreme north.
"Threshing was delayed to somo eitent
In the central and northeastern sections
by showers, but good progress was made
In the western districts."
RAILROAD EARNINGS
1017 Increase
TOLEDO. ST I.OUIS AND WU&TKKN
July gross J044M3 $1110.1.12
Net J24,34l 74.MH
Surplus 1M.S4". 73,001
bren months' gross .. 3,0.11, S3". 03,UJ
Xst DIMI.H.'t 1(15,7.11
Surplu C03,iJ 170,U0
CHICAGO AND ALTON
Julv gross l,7Srt,330 J2DI.B01
Net .1111,431 114 BW
flalance for Interest .. 440,414 M.HDtl
Heien months' gross .. 11.S11.0Ais 1 S13 BRS
Net B,O2,0S4 .'311,157
llnlance for Interest .. 2,3U8,hil1 lb0,333
CHKbAPEAKB AND OHIO
July gros 11,441,1m $400,308
Net.....!... '...... 1)77,(184 377.7'U
burrlua ...,, .17.1,707 S.iH.UTIi
seven months1 gross.. 30 473 7(14 1.808 sss
Net 7.777.144 7HS.0a3
Surplus :i.St.l,01!l '13,441
SBAIIOAHD AIR LINK
July ETOaa $2,117,441 $425,830
Net .128,307 115.080
Seven months' cross.., 17,158,7(11 2,410,340
Net 4.819.376 310,103
ALABAMA QUEAT HOUTHUnN
July gross $603,747 $137,077
Net 184,3 72.000
Decrease.
CLOSING LtE STOCK PRICES
CHICAOO. Sent. B HOGS necelpts, 1500
head, tomorrow, 18.000 head Kalrly active,
23 to 40o lower than yesterday's average, Hulk,
I17.1018.13i light. 11(1 tlotoltUO; mixed, $111.10
WIS 25; heavy, $10,35718,25, rough, $1U.35W
CATTI.i; Hecelptf, 2100 head. Steady; 15o
SIIEEI' necelpts, 22,000 head. Steady to
23o lower. Top cattle, $10.03. rlheep, $11,30.
Lambs, $17.40.
KANSAS CITV. Sept. 5. Cattle necelpts,
10 o Kl nead. Steady to 10c lower.
IIOOS necelpts. 400O heed. Dull. 23a loner,
allKKl' Ittcjlpts, 800U head. Bteady.
SOUTH OMAHA. Sept. 5. IIOOS necelpts,
B300 head) 33a to OOe lower. Slow,
CATILE Ilecelpts. 7800 head. Ileef and
con a, 15o to 35o lower. Feeders steady to
easier.
SHEEP necelpts, 23,000 head. Teeders tak.
Inir nearly everything; 25o higher; I'ackera
lower.
NEW YORK BUTTER AND EGGS
NEW TOnK. Sent. B. BUTTER necelnta.
17.700 tubs. Market ateady but uuleter. Cream-
extras, u c; insiae nign scoring, j o
nrsts, 43;4So; renovatea nrsts, 41 w
ery exl
VVl,ll
bOUH Uecelpts. 24,205 cases. Markst steady.
moderate In demand. Extra firsts, 43 043li
firsts, Static: refrigerator firsts. saOSHHo.
CHICAGO BUTTER AND EGGS
CHICAOO, Bent, a E008 Receipts, 24.57
casts. Firsts, 17 Q lie; ordinary firsts, SSOSOo;
miscellaneous reeslpta, eases returned, 5?g?ic
miaceutanoua reoeipts, cassa' inomaso, atwaic;
nil
lera. stci cartons, moi nusi to grocers,
tjlrties, xiwgeai eneegf, .
naUTTKH Raoalpts. 1.100.000, poundi. Er
tras. elH 4o; extra firsts. 41Uei firsts. 40
41o; asponds, S7teVlei extras to grocers,
WtoU.,4VMkl taM. itoi cao)ds toaib
.. - .
'.ru i
r .'.
lgi'ti
SECURITIES AT AUCTION
The following securities were sold nt auc
tion today by Unrnes & Lotlnnd :
STOCKS
23 shrs reople'alNatlonal Klre Insurance
Co,, pr $.'S., ln't
30 shra Philadelphia Traction Co.; par
$30 70
7 ahra. Karincra Trost Co.. lt. Holly, .
N, J.i par llOil ,.... 120
so shrs. Lehigh Valley Railroad Co.i par
$50
112 ahra. Insurance Co. of North America.)
par $10
40 ahra. Camden and llurllngton County
Hallway Co I par $2.1
40 ahra Philadelphia K.lcctrlo Co.) far
$50
1(1 ehe P.nns)tanlti llallrond Co; ptr
$30
5 shrs. Com Exchange National Hank;
50' i
25
30
2S.
BO'.
400
2 anrs (llrnrd Natlonul Hank, par $100. 3U7
.1 ahra fidelity Trust Co t par $100. . 570
to ahra, r,uile'a Truat Co i pur $10. . .IV,
so ahra. West End Trust Co , par $100. . 17 1
3 shra, lire Association of I'hlUdelphla,
par $30 . 807
11 shra Klre Association tit l'hlladelphla,
par $50 . . .10H",
15 shrs. l'hlladelphla Llfo Insurance Co I
par $11) ... . 10's
25 shrs. Cntanisati Railroad Co, sveond
rreferrtdi par $50 . . . . f.Olj
3 ahra Ciirinount Park and Haddington
Paas-nger llnllnn Co . 5Sla
1 shr. John H stetson Co (ommon, par
$loo .... .110
21 shrs II K. Mulforil Co : par I in H3l
100 shra, JlcCullough Iron Co. 1 liming-
ton, Del
2 shra I'cmiMhatiU Aimlemy of rino
Arta, par $10
ltO.SDS
$.100 Oak Lane Water Co , n per cfnt.
Klrst mortgiK". Coupons Jatiuar
and JiiIn Due HUH
100 Liberty Lnm .
ll"
b
I'.r' -ii f t-Ak'l
' ri.F.KFIKI,D. TA. .,., (XKAmrnaJD. TAf ,ffi
a 3
f
C. D. Shaw, President G. R. Shatter, Secretary C. .1. Siattf, Tretuwrtt ' J
CENTRAL GARAGE COMPANY
CLEARFIELD, PA.
Just Back of the Dimeling '
Agents Hayncs and Briscoe Motor Cars
Ajax Tires Guaranteed 5000 Miles
Experts In attendance familiar with all typos of earn. Repairs m4k '
adjustments made with crcntcat enre nnd at moderate rates. $ i
1
tl
rit
X
"Vb 1
srw
itinnw.w, i'.
nmrm'AV, i-a.
20
07',
Paris Umirse Is Steady
PARIS, Sept. 6 The llourao was Me.idy
tod.tj'
ttUSIC
CHRISTENSEN
SCHOOL OF
POPULAR MUSIC
imotimk in 2o $.iMiH. nMi. t'Kvi 1:1.1:
111 In.lritmenla. I'hone now for booklet
in.'ll ( heatnut "t. I'liom- Spruce 0B7.
Ill i lennngo St. rhonp linen 3.1(11
AwiirsiitiraiiiiEVJiiriaraTiiiBfflmiB
HYDE HOUSE
RIDGWAY, PA.
6s.
-''r
.ervli?!
Ti.aen"-fc n
-ac,i i ij .
jr
SiSr.
jr.iit.
j
ZECKWER-HAHN
I'hlludfli'hlA
Mimtrnl Xciulrrnr
nmlnnt faculty morttrn uutpiiitit ) Irra
lutrltoH !wli Murphr. tinoclur Dtrfrtor
HELEN ACKROYD-CLARE
nm i: ccLTrni: akt or mmuno
lodtriiltu Mnlul.t, Chiirrh or the lloh Irlnllj,
studio. I'stev Hall, Walnut nt lllh st,
Wanamaker Institute
21d A Walnut. Opens Sept 17th
OCAI, I.IISbllNM $.', IHl
Morn Aft. and l!w ."end for Catalog CI
K.K.TIMC In 20 lessons or Money Hack llklt
millid free 1 1IK1M IAS1.N 'no Schools,
1.130 Chestnut .st 1113 Venango St., 1330
Taaker Ht I'hone Spruce 0(17.
PhilarContervatory " 8I"
Olrctor D II Krnmn, If. Van iVn H-mt
PIANO and VOCAL SUCCESS
En u red. Efficient tfrtcher rccet(i) and lilts
pupll At1drriM 441. I.t1crr fntraL
Y. M. C. A! SCHOOL OF MUSIC
Send for ciitnlorr 3,1 courees 1421 rch street.
DANCING
1)NC1NU Prof Albert Szke.
cIish lessons lcjit pru(e st
I'rltntQ and
Phone 71
STEAMBOATS
FAMILY EXCURSIONS
IRON STR. THOMAS CLYDE
to ArnrsTiNE iiKrn
stopplnc nt Chester 10(1 miles for u0-
halt water bathliii.-, rlenty tables und benches
fo- picnic partlrs.
I'nro Itnuml Trip, .10ci Children .1 In 10. 23c.
I.ase Arih t harf Dally SOU A. .M.
Sunday U A M.
lli.ll I'hone Market 1152.
JAMES E. OTIS. Manacor. 3 Areb St
SUMMER RESORTS
ATLANTIC cm. N. J.
ITOTmoriI
UrjRI n'Q Orettest Hotel Success
YVKJIXLAJ J cireatest Itesort
nine nnil Danre In the Fnmons
SUBMARINE GRILL
Hparloii riifpropf Clnrac
atlaivticOtn.j. jil
I HotoUndSairatorium 3
ii $NQsd for It suporiorJL
fsbja and sarvicft, - nrf
ionic and Curative bsitftm. I
HOTEL OSTEND
Whole block Itoardwalk from Ttoston to Sov
eri lirn Ae. Coolest spot on tho bach. New
cafo the laraeat In Atlantic City, distinguish. !
apiiolntments dellxhtful lulslne, Olassy smooth
dancliiK truik tlshth of a mile lunir, Open ull
the 5 ear.
Hotel BotCObel $ e. near UcaT
Bklt. Pken 117. A. K. 1IAHIO.V.
STOMI IIAItllOIC. N. J.
HARBOR INN r'ooklnc beach A bdwk.
Oarnire Clil Kile, Ilelrher
Cl.ll.MtFIF.I.r). PA.
&3
The Ideal Lay-Over Point
CLEARFIELD, PA.
THE DIMELING
With Central Penna.'s Finest Hotel
The hotel where small mattern recoivo
largre attention. Just the place for
tourlbto. Ballroom attached.
31. A. MetJINNIS, .Manaier
IVAIinKX. TA.
-l SkA.
C.'lJ -
The New Struthers
S. E, Vryor, Prop.
Warren, Pennsylvania
YITH OR WITHOUT BATH
Rates $2.50 and $3.00
Modern i'guiwient Garage
J'ho Ideal ntvl logical ovor-nlsht Mop en
rotilo to .N'liK.ira. Tourlnti pronounce
ItldRWay, rradlcd by surrounding hllln, the
jitcttlcat and cleanest little town In Penn
Kyhanl.i Don't ho satlulled to Just paia
throUKh
At tho Hydo House you'll nntl all of the
comforts nnd niUuutaitr. of your favorite
metropolitan hotel besides a touch of mot
impersonal welcome
S3 room. with or without baths. Rates,
$2 B0 and (3 DO American plan.
1UI.TON lVO()l), Proprietor
jf UHiiiiiu mum iiiiauum 11 nuinMiinrjiiiiiu'iiiiiuiipiiiiiriii 'Iilmiiiiiiiiii nwmnim iiiiiiirfiattmrxiEPMaiiiiiwiMi
HAIIKI'-Ht KO, l'A
ifHtxjyiaAismifl
A
M
m
lllllll-IUllll, l'.
lurniiiKiiiiiupiiin
a
I'liiiii'iiiiiiiiiiiiiiaii'liiiiiiiiiiiMiiiiiiiiiiiunnii
1 gtt&flmk
m jtitViWiJfliifii fc S'u'V'wjC
mftmk
i' urai firM.i.aiH. iiri nnr-iiLT; vu-ira
- UOEU
mmmmmmmmmmmm
myz Bolton
Market Square
HARRISBURG, PA.
Rates $3.00 Per Day and Up
American Plan
Passenger and Baggage Elevator.
Electric Cars to and From Depot
VUxfrun- iirn5?fci' - Large and Convenient Sample Rooms.
Electric Light and Steam Heat. Rooms En Suite or Single With Baths.
J. H. & M. S. BUTTERWORTH, Proprietors
i,ui,iiiiiiiiiiiii'ii,iiini!iiii raw iiinw nuinn iiMinriipraira ihbiiiitiwii MiBWiiiiwiiiraiiiiiiiiiHiiMiiiiiiiiiiHiMiii
wSSI$S&,
1
i
i.ivnitrnoi., v..
THE LOCUST INN
M.
0 WibJE
LIVERPOOL, PA.
You know the sort of charming little
roadside inn you strike at too rare in
tervals, where the food is delicious, the
service perfect, the rooms refreshingly
clean, after the dusty road, and where
the view is ideally beautiful? Such a
place is Locust Inn. Don't take the
Niagara run without stopping for at
least a meal wiih us. We try to satisfy !
good taste.
IrVl
W
41
j
111:1.1,1:1 on:. r.
fiioiriiiiiiiiiiiuiiiiiiaiuiiiiiiriiiiniigiiiiiKnuiii
PALACE j
GARAGE
Bellefonte, Pa. 1
A good garage where your H
car is 3afely and economically
stored, and where repairs are f
made in quick time and made H
H to stay repaired, is essential a
to the pleasure of a trip. j
H
Storage Charges Touring j
Cars, 7Sc per day; Run- B
abouts, 50c per day. j
iiiiiiiiiiiiiiiiiiigiiiiiiiiui'UiiiiniiiiiiiiiHiiiiiiiiDiiiiniii
- JAMf-STIW.V. T. T.
m:i.i.i:vo.Ti:, r..
The Bush House
BELLEFONTE, PA.
A Mult to beautiful nnd pictures iuo
Ucllefonte and nn overnight stop .it
the IJuitt llotiso will prove the most
enjojabla Incidents of tho trip. Tie
scrupulous caro and attention slrn . ur
guests and tliey are Belief unto's prtieUb
nro In keeping with tho Center Cltj'n
beauty and tradition
SI. Mi and $3.50 Per Day
IJVNCASTr.R. l'A.
u
LANCASTER, PA.
Exclusive representa
tive of every tour
ing organization i n
America.
Directly on the Lincoln
Highway
American-European
Plan
Specially recommended
on account of extreme
cleanliness.
t i
J,w;4i
M
The Samuels
Jamestown, N; Y.
(Formerly the Sherman House)
FIRE-PROOF
Visit Interesting Chautauqua and
Tour Around the Beautiful Lake
From Jamestown
GEORGE F. HURLBERT
General Manager
IIKMl'.s POINT. X. Y.
J
n
m
Bemus Point
NEW YORK
Beautiful Chautauqua Lake
Columbia Inn
GEORGE RAPPOLD, Prop.
rVtl
a
HAUItlslll'lu;. TA.
When in Harrisburg Stop at the
Harrisburg Taxicab
AND
Baggage Company
The Only Fireproof Garage in the)
City '
nxcsljsnt Service aco4 Hspslrtn
Cor. Aberdeen and Strawberry Avat.
Opposite .Vain Entrance to V, K. O. dtatteq
H
i'.
I. Hi
i m
'ii
CHATHAM, MASS.
Sr' J
7
-t' -.,
!Hv '
'
'm
viwii,,.'
rii .i to-WdmL.
nainmrn Dar?j
An4 eettacti, atMm.IItat. iMtrrf.'-l
o.uriKr.rr'ftssw.riar
nrsiir nsmsf iisiiTiirins - vap.b
MTktienaissVriMW .,- -! Vt4
J1'. ,