l V n ,f , te, , t ' - TAX FREE ISSUES . . ft V UNITED STATES jjj LIBERTY LOAN CITY OF'PHILADELPHIA 4s PHILADELPHIA ELECTRIC COMPANY FIRST MORTGAGE St ItEILLY, MOCK & CO. BANKERS MC CHESTNUT ST. rUILADELFIItA Charles J. Bender & Co. INVESTMENT BONDS ttasbsre Pailadslphla Slock fteuaaa. NORTH AMERICAN BLDC. 11 " . IHBKCTUrtY Or ACCOUNTANTS Certlflsd Fahlle Accountant laAWiUSNCU K. liKOWN A CO. ISIS ItBAla laSTAlC TltUBT UUI1.DINO lNVESJTIOATIS A ADJUST I'AJITNKHHIIIP. CORPORATION A DISPUTED ACCOUNTS. NEW YORK CURB TONE MORE FIRM &r , W m Pr "V L') Except in Few Instances Mod- ' crate Exchanges Take Place NEW TOIIK. Sept 13. There was a generalls firmer tono In nearly all Issuer traded In on tho Broad atreot curb durlne tho half day and ex cept In a few Instances moderate advances Were made. Ilcthlehem Steel preferred at tracted most attention, that stock being In supply, and It declined from 104 U to 103 s; In. the first hour, with the rights declining from 2H to the new low record of IM. Sub marine Boat ranged from K;(iJlCH, and Chevrolet Motors, after sclllnff from 7370, reentered a good part of this loss. The mining stocks were quiet, with Magma the most prominent feature, being traded In at 48 1$ and 47. Comment con tinued to be caused by tho fact that tho doubled price of silver has so far had little Influence on the prices of sIlver-proiluclnR stocks. This may ,be due, perhaps, to the fact that few of these rompanles have ns Jet shown any new production, while their ore reserves are being steadily depleted, Nlpls.injr "old at !',(& 9's and .Maton Valley at Ci C. INDUS nilALS &, Hid 87 B'.i IS 214 211 n - ,r &J-U ) utfa-. " kTf t: m Hi iiu i fo. Air Iteductlon . Aetna explosives , Am Brit Mfg Am Marconi . . . Am Writing Paper. Canadian Car Co. Can Car & Fdry pref Charcoal Iron , Chevrolet Motois Cramp ., Curtlss Aeroplane . Cr en Tool . . Carbon Steel , . Kmerson I'honogiaph Federal Dyo . . IIende$ Mfg Kathodlon Bronze pref I.akc Torp Boat Iaehlgh Coal Sales . . Lima Loco Maxim Munitions ., Marlln Arms IT Y Shipbuilding .... ITor Amer Pap Pulp. . Otis Elevator ... Peerless Motor Poole Eng Redden Truck . Bcrlpps-Bootli .... B S Kresge vv I.. Standard Motors , . Steel Alloys Submarine St Joseph Lead Todd Shipbuilding .... Triangle Film .... United Profit Sharing.. V & Steamship United Motors "World Film Wright-Martin Air .... Zlno Concent STANDARD Oil, STOCKS Illinois ;io 317 Ohio S4S S80 Prairie Flpe ;go o 8 O California 240 245 8 O New Jersey 650 SS7 8 O New Torlc 29s 27s INDEPENDENT Oil, STOCKS 0',4 '4 Til 7 3m; ni s , 1 s 20 4 4U 75 34 Ti 10H to 3 SO II 70 IS 111 95 S 74 17 17!4 70 I'i U 4 1814 9a es 'nee Aik (Sale) 3"i 10 2?i 3V4 .10 (.H 84 73 82 30 10 )fc 90 fi 10 30 ltt 44 80 A8 . 1? 110 43 314 33 13 80 n 100 8 "U 18 82 I '.4 44 18i 84 110 84 7 1 414 isi r &s y &. Barnett Oil & Gas. Ccden & Co Elk Basin . ., Federal OH Inter Petrol .... IHouston Oil Merrltt Oil Midwest Ref Met Petrol Ohio Fuel Oklahoma Ref . . . Osage Hominy . , , Bice Oil Hapulpa Ref Sequoyah Sinclair tlnited WestOlI... li . tt . tt . ST4 . 1SV4 . is . 334 .138 liV 17 8Ti ; . .(, 0',i I A . 18 Hi tt 4 124 17 34 H 141 Itt IB 8Ti tt Stt 1 370 280 243 033 14 i 4 Utt 34 H 141 1 i 14 I MINING STOCKS Alaska Standard Atlanta . . Sir Ledge j'i v Blsbee Copper (a pros) Tt 7 j juo supper c: asinc j., a"f lS t ' 20 10 i?4 14 87. 1 ' 1$ Butte New York Oal & Jerome Con Ariz j Kmma Consolidated .... j First National 24 Coldfleld Merger tt Goldfleld Cons 41 ftoldfleld Florence 15 Goldfleld Kewanas Green Monster 4 Ilecla Mining 80 Howe Sound 5 Independence Lead Jerome Verde 154 Jumbo, Extension ....... 20 Magnate Copper yt McKlnley Darragh ...:.. 70 '-Mother Lode . j A' JHInea Co Of America. ... 114 RV.r.v..i tiiii. ... Inelsalnip oiz. !f ? SLi. A"" 11 '' ri- wiu vHitr ........... 1;, "MM Toy it Jkewart .,.....,, j; Tenopah Extension ljj United Verde .v S4 Wjrt End Con.- i nHt Oaks ..,, (. 1 WMJte Caps . , , if, Vertawton 20 BONDS bni is ..,..,..,, Otl S .,.,,., v., 91 ;Co s; ft sa Mt.iji.i,,,,, 4 sua ...... as aa ' - x . u sjtr w t U 24 12 I?4 ! 114 SiV a 14 T. 3 14 43 17 11 n 89 5tt 9 1H 23 T4 73 48 35 H4 214 eti 14 lit 38 ' 70 in 2: 14 3 3 07 70 3 10 tt 1?4 014 194 14 "il "i 43 1i 22 il 72 14 3?i HI 89 tl H 79 7tt v : T-l?.'.fr. a 't'""' 5' r "lr1&OTRIBWm'V - ' v M"'w.' t rri YtNroV! Cv.Tt'r ' ST KTfiBKIsB-' , . . ,v i,;.j,X ', t ...,,. v.1'! ? v - ysasmusw' - , .- t j . ,- ,-,-.. -, mww ,:Liii s..iii " 1. -... ' ;'-. ;-- .' -h.-s -. i-.-r - r n: .': rviii rvii j. t 1 im iuj.ui. uui 1 iibvTTiiTi'Air t-A-Mvi t 1 t- irx7- rtTrmTisi a iiliii. ri ar niii'7 so 1 - ., -f mtxxvu vavjjjxif x AXXJUxa.Aja.mr J1XX OAJ.UXVXx.X ' OxUjrXJTixWJOXliXV JLU XJ7JJI FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK QUOTATION WALL STREET SPECULATIVE ELEMENT LOOKS ON .WAR TAXES AS REOPENED Insisted Thai llate on Industrial Corporations Is Again Plunged in Doubt by Propositions Entertained , in Congressional Conference High Points in I'oday's Financial News Coveting btf shorts absent in Wall street in short -session, Speculative element looked on war taxation on industrials as reopened by propositions entertained in Congressional conference. Firmer tone shown on New York Curb. Grain higher. Cotton irregular. Electric Storage Battery Company sold $2,000,000 0 per cent notes, running one and two years. Bar silver ut changed. New York bank statement showed decreases in average and actual loans, increases in average deposits and decrease in net demand actuat deposits. Average surplus was higher and actual lower. NHW YORK, Sept. IB. The stock Hint Let in the two hours of business today missed tho demand which had como from toverliiff of .-liort.s nnd which wns nn importnnt factor In causing vigorous upturns in tho two piccctliup das. This 'os not due, however, to any marked reduction ot the short account, tho borroivcis' dcmnmls buiiiK, In fnct, lnrncr than at any provious, tlmo during tho week, but tho professional speculative Interests vveio disposed to look on tho war taxation question ns hnvlntr been reopened by tho new propositions entertained in the congressional conftrsneo, nnd it was insisted by them that the nmount of war taxes on industrial corporations Is again plunscd Into uncertainty. In tho present nnirow market tho bearish attitudo of this clement was effective for a tlmo in causing declines, with tho widest movements in tho motor and copper stocks, but it could not bo said that tho tono vv.as at any tlmo weak, nnd tho supply which camo from this professional clement was quickly absotbed. Rallies were quickly in order, nnd it wns not lone; before pi Ices of many issues wero materially above estci day's final range. The larger interests on the Street looked on tho discussion ot the war-tax propositions with satisfaction and they wero In no way nlarmcd by tho suggestion that an additional amount bo ralbed through rccss profits t:L.cs, ns the figures consldeted would not greatly chango tho percentages named in tho Senate bill. "War taxes with them Is a cloed incident ns far ns being a disturbing market factor is concerned. United States Steel common reflected fomc liquidation in conneotlon with the necessity for providing for tho new Government bond issue, us that stock Is now in tho position of n natural banking nset with ninny Interests. Tho copper stocks, which wero under pressure for 11 tlmo In the first hour, developed Mcadlncss later, nnd the motor stocks showed strength before tho end ot the half dav . The bond maiket snowed Indications ot Improvement, partly because of tho manner In which Llbcity Loan, after steady recessions, 1 allied to par. New York Central debenture Cs sold" at 98'1,, and flS'4. Anglo-French Ds sold at 92',J to 92. Competition for Philadelphia Bond Offering iloro or less doubt Is expressed in Wall stiect ns to tho outcomo ot the City of Philadelphia bond over-the-counter salo on Mondav. Notwithstanding tho success ofheso ventures in former jonrs, tho feeling In banking circles Is that an offcilng of 37,120,000 4 per cent thlrty-jear bonds nt this tlmo will bo a heavier load than tho "traffic can bear," ' In other words, it is felt that with tho bonds in actlvo competition with tho next allotment of United States Government war bonds, or rather with investors actively preparing for participation In tho salo of Liberty Uonds, affording tho same rate of interest nnd with a certain patriotic appeal that n municipal bond lacks, difficulty may bo experienced in placing tho full amount. On the other hand, the Philadelphia bonds liavo tho advantage over tho Government lssuo that they are free from nil taxes under tho income tax law, whereas tho Government obligation will be tax free only to tho extent ot tho Income on nn Investment of $5000. Another angle that will have nn Important bearing on tho success Is tho com petition tho Philadelphia bonds will havo from tho issues of other eastern cities, ns for instanco tho yield of 4 42 per cent on tho most recent offering of Now York city 4Hs, tho 4 35 per cent on the 4'i per cent lssuo of 1960 maturity nnd 4.30 per cent on tho 4s that mature in 1957. A successful flotation in tho faco of this competition rv ill constitute a striking commentary on tho Philadelphia civic pride, as tho question of intrinsic value will hardly enter Into tho calculation. BANK CLEARINGS INCREASE Gain of 9.1 Per Cent Shown in Week'3 Business Inereaes are noted in the bank clear ings of all the municipal clearing houses of the country for the week closing today. The total clearings were 59,735,009,421, against ?B.12S,513,352 last wceK and $5, 242,SG6,S79 the same week last ear. Phil adelphia stands third In tho list with ?2S3, 434.79J, compared with 201.310,601, or a gain over the cot responding week last ear of 40 8 per cent. Details follow: 1017 191U PC v-.. v,L J fi-,rt 441 021 12 '.27.KJ2 r.r.i B.I --V - ' .mi, ,1,1 till 1.1,1 L NEW YORK BANK STATEMENT Average and Actual Loans Decline in Week XKW YOniv, Sept. lG. Tho New York bank statement this week shows decreases In tho avcrago and actual loans and irrcgulnr changes in other ltcm. Details follow: AVCItAGU "ill II7H ".(J JK.) 4'14 70J illS.liH.II.'d 1LMI IiUI.KIii 1JO 17K 0M h IMHIUHO r,M C4J 1170 111 fi.'X.-OX 34 3U I (I'll 33 244 30't IMI, Hll.14'1 4-24 1 2nl,11(i kul 40 N 1.1().10J,7J2 4-3&2 KH,74N (P7K 41.3 111,3)0 03-, 31 II 1 07.' (I'll 4-14 8 IJ Sill (177 02 ::n oim.i.'i 11 n .'3 23U.32'. 31.7 I li I n 0-it 1'hlUddplllu llonton Kantian Clt) St I.ouln. San 1 ranclfto IMttabursh. Detroit Baltimore New Orleans Elr.''diClltle"'M.058,S5335!) J3 OtO.OSS OC". 12 2 0tn'rUHsa?''. CS3.270.81 1 5fi5.247.IU8 10.8 Tor!',l.""'",l.742,133,073 1 4.201,335 683 .12.0 Adal"1."' ' 882,873,748 1,041,531.1110 4.7 TOfo,rnvUekr3.733 000,421 $5,242,660,870 9.4 FOREIGN EXCHANGE JCUW YOItK, Kept. 15 ltublts were rather nominal in tho early dealings today, but tho tono appeared somewhat heavier. Cables were quoted offered at 10, as against 16'i. Friday's last figure, and checks were quoted at 158, French and Swiss ex changes were slightly easier nnd Scandi navians were strong. Quotations were: Demand sterling checks 4 76',;, cables 4 76,',, blxty-day bills nominally 4.72, ninety-day bills 4.70. Franc cables 5.78, checks 5.79'i l.lrc cables 7.73, checks 7,74, Swiss cables 1.58, checks 4 CO Guilder cables 42ft. checks 42jV Pesetas cables 22.50, checks 22 4 0 Huble cables 16, checks 153;. Stockholm cables 33.90, checks 33 70 Christlanla Ana Copenhagen cables SO. 00, checks 30 70, LOCAL MINING STOCKS TOKOPAII STOCKS Jim Hutler MacNamara Mldnaj . Mtzpali Kxtenaion Montana .Northern Htar Heaiue K11U Weat Kml aor.DFlEt.D STOCKS Atlanla UlUf Uull llooth Dlamondfleld D 11 Daisy Ken ana a Oca . . Hand Ken SlUer Pick Iltd Aak 1 1 HI lil U .11' ,U .07 .IIS ,1'J .21 .1(1 .11 .IN .21) .(17 d .III .01 .05 .(.! ,HJ .(IS .111 .(IJ 0 Arljr lnlla,l Nevada Wonder Tecotm Minim." . MISCEt.t.ANKOUH .21 ...1,1)0 .. .30 .tl .0-' .08 .HI .IM 119 . II J II 1 .W 27 1.91 .3i BANK CLEARINGS Hank clfarlnsa today compared with corr- pondlnar da laat two yeara; 1W7 1916 1015 Hoaton 137.427.47.1 41(1 31J 2TS J24.0fll.JB9 Xlw lork...5!)8.!4tl.2.'J 700,714.709 342,831,004 BAR SILVER Tenter- Today day London (pence).. 51 01 New Tork (ctnta).lUOli lvo'i !.at lt7 Hat. Illah Law 4 , lil 33 vu?i lUUIi ' INACTIVE I'HILA. STOCKS Following are quotations for Inactive stocks listed on the Philadelphia Stoo kEx change and In which there were no trans actions today. The prlc given Is tha lajt previous close Alllat.ee Ina 20 00 pm Am Oai t.lOS'i. Am claa war.... .In Amer Rwr vt.. 0 Amr Store .... 7U HaM Ijuia 1 III. II J O vau Htuu r u Btia pi., 00 ram iron . .., ' Key Tel eref. lhlsh Val.. ln Val 'ir. no prec . Itlnehlll ....... North Cent .... jNorth Tenna ... "ira nail ..... hlla Co ....'.... Phlla r e . " a PW1 Trapt-.i,. 74 s4 o 1I7H , 4e oft 7H vu !!. , . ..ji.808, Xet demand deposlta T3 5 Loan 0.00O 13.(129.000 :02.B01 000 31 C.31 00O 180,232,000 N'et time deDoslts (Mrrulntlon . . . . Cash In vaultn Keare In member binkfl ReB've In Mate- banks and trut romp nla Ues'xe In httn banUa and trunt comp'les, depfi'ltnrlPH .... ALRreauto reservo . Iti-nervo rciiulred burplux iecreae tUnited Mutes deposits deducted. OO11 ISpctle Included, J140.230.000. 803,497,000 104,042 000 07.333,000 503,374,000 480,008,560 75,705,440 Increase $42,370 000 1,057,000 3,484,000 801,000 4,322,000 13.622.000 4,827,000 17.338,000 10,153,000 483,590 25.719,410 J1BS.065,- ACTUAL la.705.2Gl.0OO J23.707.000 ;et uemanu aepoans. T3,(tup,-i,uuu Loann 204 001 noo 31.8SS 000 180,092,000 366,896,000 103,813.000 OS 507,000 504,270,000 488 191,590 75,684,410 J2,730,000 i.'Jl.ouu 4 J 8,000 2.726,000 Net tlmi deDosfts Circulation ... Cash In vaults . Xtesera ot member banks In Reserve banks Iteserv e In Htate banks and trust companies Reeerv e In Htate bankn and trust company depositories Aggregate resere Iteser e required . . Hurplus Decrease. tUnited Mates deposits deducted. (153,560,000, ISpeilo Included, tl40.138.000. 8,878,000 4,101,000 4,101,000 14,718,000 3,304,080 11,413,020 OUTSIDE BANK (STATEMENT STATE BANKS loans. Investments.. (Sold Currency bank notes Federal Res banks,. Deposits IteBene on deposits. t420.lBII.60O 30.157,40(1 19,1150 800 21,460.800 541,017,200 1V.',N31,400 Increase 15,128,600 152,500 1,469.500 821 nno 8,230.800 i.uuo.mu Percentage of reserve. 23.5 per cent: lncrea .9 per cent. TRUST COMPANIES Loans, Investments., tl. 8W.869.90O Oold Currency bank bills, l'ederal Res. banks. DeDoslts Reserve 011 deposits 180.213,000 ii.eaa.zoo 48,462.000 2,151,922,600 358.400.200 Percentage of reserve. 21.5 per cent: Inrrefma. 1.5 per tent. STATE BANKS AND TRUST COMPANIES NOT REPORTING TO CLEARINQ HOUSE t4,S10,000 "6.807,600 259,800 18,108.700 17,658,200 14.903,000 Loans. Investments Cold Currency bank notes Federal Res banks. Total deposits .... Not deposits . . Reserve on deposits I'ercentago changed. Decrease. t837.422.800 J3 802,100 60,165.200 SIO.SOO 11.029,500 498,000 5,477,000 370,000 8.B.'J 800 3.799,200 K59.272.100 4 044,700 191.654. 50O 74J.80O of reserve, 24 9 per cent, un- Sales in Philadelphia Low Close. 772 t25 tlB',4 t74 11 82H t SO sou t74tt .. 5V S84 80 807. 4 4 Vi '?4 14 .. .. f4H .. 77 77 .. Net chte. BIT. 36 ',4 20 80 Illrh. Con Tr N J tOKlco Stor .. M B6V4 56 '4 ins cojva. .. I.k Sup Corp .. Leli Nov lOMIdvale . .. fils4 3611'enna ntt.. BJ',4 Pcnna Salt. .. 35 Phlla Co pf. 3V4 XI Phlla Ulec. 20 4J P II T tr ctfs SO'.fc Phlla Trac. .. 23ltay Cons. 2SV4 240 Heading .... 114 ISOTonopeh llel 4) esTonopah M. 6 Union Trac. .. 42 Un Gas Imp 77 1070 U S Steel... 108 ,4 107H 107H 4 1 Wfland Coal 71 7i 74 1H Wm Cramp f78 .. tQuotatlons given is yesterday's close. Total sales. tlOo share, compared with 10.1M shares yesterdan thus far this week, 17.11s shares) same period last week, 6V,073 shares. Close. BONDS Illio. Ixv, llfOOCon Trao N J El .... tt t) 2000 Eleo tc Peo Tr 48 ... 76U 7614 76 , 78450 Lib Bonds wl ,90 99,10 9.10, 100 Nat Prop 46s 86 56 56 1300 Phlla Eleo 1st 6s ...! tT4 It f Net ehf. ,.H NEW YORK STOCK SALES nirb. lAyr. Close. Advance llumely. ll4 1114 H'.4 Alaska Oold M.. 4t 41i 4'i Al&Bka Juneau ... .1 3 8 Allls-Chalmera Co 534 X34 234 Am Boet Sugar.. 84 84 81 Am Can 41 4014 41 Am Car A Fdy... 704 70?4 70?fc Am Int Corp 6214 82 B2U Arc Cotton Oil... 81"i 81t Sl"i Am Hide & Leath 12 12 12 do pref 8414 8414 6414 Am J.lnsced 2li 23 2114 Am Loco ..a... 01 6014 01 Am Malt pref.... 63 ?i es!4 68"i Am Smelting 9614 9574 0514 Am Sum Tob 4814 48 4814 Am Steel Fdry., . 65 644 68 Am Sugar 109 109V4 10014 Am Tel & Tel 116T4 11814 116U Am Tobacco 10114 10114 19114 do pref new 100 100 100 Am Zlno & Lead.. J8U 18 18 Anaccmda 714 6974 7014 Atohlson OOli 96 9"i Atlan O & TV I... 02i 92U 0214 Daldvvln Loco Co. 60 694 894 Ilaltlmoro & Ohio 66 6614 66 Barrett Co 100 100 100 Batopllns Mining.. I'i 1 1 Bethlehem Steel B.101',4 10014 100 Brklyn Hap Tran. 60 60 00 Burns Bros 94 0314 04 Butte & Sup Cop . S8 28 28 Cal Petroleum ... 1614 1614 1614 do pref 45 45 45 Canadian I'aclflc.153 151 184 Central Leather... 8214 81 81 do pref 10714 10714 107, Ceiro de Pasco.... 88 23 83 Chandler Motors.. 70 68 70 Chop and Ohio..:. 87 66 87 Chi M nnd St P.. 60 80 80 Ch and Xorthwn.104 101 104 C II I and 1' t c. 254 2814 28 do G p o t c... 82 62 82 do 7 p C t c... 63 03 63 Chill Copper 17 17 17 Chlno Con Cop .. 82 81 81 Col Gas & Klec .. 39 3D an' Consol Gns .. .101 100 100 Corn Products . . 26 2674 26 Crnclblo Steel ... 70 69 60 Cuba Cano Sugar, as 31 31 do pref 85 83 85 ' Del & Hudson ... 00 07 04 Dome Mines 8 9 9j Distill fcecur 29 28 28 Krlo 21 20 21 Gen IIlcc Co ...11914 138 139 General Motors .. 01 92 93 Goodrich B V .... 48 44 44 Gt North Oro Bubs 334 33 83 Greene Can Cop... 40 40 40 Inspiration Copper 52 49 49 Net chte, J4 e 94 i.i 4 W 1 t 1 1 1 1 1 tA 1 14, 14 1 1 S INACTIVE NEW YORK STOCKS Following are quotations for Inactive New York stocks nnd in which thcro were no transactions today. Tho price given is tho last previous sale. Adams Express. 118 Adv Ru-ncly pr. 25 AJax Rubber .... 62 Atlls-Chalmcrs pf 81'i Am Asrl Chem . 85 Am Azr Chem pf OR A II S & F ctts.,102 do ctfs pf ....191 dopf H8V4 Am Heft SUB pf. 01 Am Can pref.... 10J4 Am Car A. Fdy PU" Am Express . .. 94 Am Ico H 12J Am Ice pref..... 4V4 Am Unseed pref 8 Am Loco pref....l'l's im'Tmelt-pref.-.-loSvi Am Bmelt A.. .. ', Am Hmelt pf B. Am Sugar pref... II.' Am fl-re cabF.':: il m ?T 3d pf . t Am Woolen .. ':' Atn Woolen pref. nil Am Writ Pap pref SOW 5s. "off1. .':: Si i,aL.ni'0J Alla'Avfi'l-i Bald lfVSavli'"in lleth SUel .. "i u...r. 8tf)l Pf' 4"2 JJ?o!k yn s ..ioj Uron -jnuo llultnrlCk ! Cal I'acklne Co Cent Kdy Co.., do pref . Cent b Am Tel.. Chi & Alton .. Chi Qt West Mont Totrer .... 81"i Mln & St L new.. 11 M S P A S St M. 08 Mex Tct pref ... 93 Mo Kan Ter pfd 10'1 Morris Essex.. 30M do pre: 11H Mont Power pfd.. 10014 Mo Pao c of d f D 6114 Nat Biscuit 102 Natl Cloak b Suit 7314 Nat CI & Suit pf.105 Nat Con Cable . 29 Nat Enam & S pf 994 Nat Lead 51 Nat Lead pref.. .108 .Mich Cent 119 Nat nn Mex 2d pf 9 N O Tex Mex . 2(l'4 N Y C A St L... 26 N T O & W I 10'4 M Y O A W "A e ml" - - .. u . KfVT. 11U 40 811i 241i B1'4 92 03 89V4 20'J vu . 39V.J . 2't .MS 9'4 Lni k . --- - - C M 4- ft P vrrtAO Chi fcNW pref.. ". 'nix 60ii 4-H 35 on iojH raiS"..Vritn n nviel & Iron. 44's Co; i South ... do 1st Pf do 2d pf . ... Comp Tob Rec. Cont Can ... .. u,"r'; V-i in5 Con Jnt Cal Mln. 1714 Corn Prod pref... 07 Cuba Cane p.ref . . 8 Continental Ins.. 61'4 Crucible Steel pfd 98 Cuba Am Hug Pf.IO; Cuba-Am Sugar.. 170 Deere ti Co pref.. 100 Del Lack 4. VV...195 Den & R O.... 7 Denver n O pfd 18 D a H A pret . Detroit Edison. ..125, Erie 1st pret.... 8114 do 24 pref .... 28 Eleo Stor Hat... 08V4 Elk Horn Fuel.. 21'4 O Wm Wlgmore. 87,, General Cigar... 8614 (Jen Clg Btores pf 8I Oen Motors pref. 82 Goodrich B V ... 45'4 Ooodrlch pref.... 103 Oranbv Mining... 78 Oreat North pref .lOJls Oulf States Steel. 101 Oulf B Stl 1st Pf .105 Haskell b Barker 83 Ilartman Corp. . . i Havana, Eleo.... 101 Homestake MIn..J0JV4 Illinois Cent ....101's Int Aarl rref.... 41 InfCons Corp pf. 52 Int Harv Corp... '.8i Int Hrv N J P'-";5?, N Y Dock do pref Norf Weet pref. Norf South... North American. Nova Reotla Ml. Ohio Uss rts... Owens Hot .... Padtlr Malt . . Pan. Atn T9a. . 00 prior pr ct,. 83 Peoria A East.. 7'i Pere Starq 1014 I'ere Marq pr pf 43H Pierce Arrow .... 37H P C C A St la.... 70' J ntts Coal 40'a Pitta Coal pfd... 87 Pitts Coal pf ctfs. 121 Pitts stl pref... 90't do pref 26'4 Plerce-Arrow pf. 9"i Pressed Stl Car. 00'4 Prasd Stl Car pf 102 Pullman Pal Car. 1314 ciulckllver pfd... I'i Ry Steel Spring.. 40H, do pref 98'i Reading 1st rref. 88'4 Reading 2d pf . as. Rep Ir Stl pfd.. 101 14 Saxon Motors . . 13'J Sloss-Sherr IAS. 40't Sloss Sheff pref., 90 So P Rico 8 207 Seaboard A It ... M'i do pref 25'4 Sears.Rnobuck ..154i Sears Roeb k pf.125 eilnelalr Oil soli Southern Ry pref 02 St LAS p:..... 15 ht L ti Southwest. 28 Standard Mill pr. 83 St L & Swn pf.. 41U Stand Mllllns; ... 86 Studebaiter pf ... so gtutz Motor 8914 Hup SO 1st pf..lo22 Texas Pacific.. 15 J ft iuH Third Ave ...... 19 Tidewater Oii .".205 Tobacco Prod....loi Tobacco Prod pf.104 Tol St L West .714 TSt la A WetfilO 5 ct 14V4 do pf go Transue Wllllama 40 Twin city R P.. 84 Union Pao pref.. 7714 "nlted Alio? stl 42$ JJn Cigar S pfd.. 113 muarwooa Tjpe. 99 Underwood T pf.114 United Dye Wood 41 7 f ' HO United Drug 73 Untd Drug 1st cf s.7 United Drur Sd.. 88U United Fruit ... i7 Un Ba A Paper 10 JntHrvN J pr.jw tin Dag Pap new 74 Int Nickel vttt...l0SV, nn papr iJoard. 24 int Paper Pf sta. 6814 Union Paeine..... 7eV4 Iowa Cent , us c Iron Pi XSW 414 , 81 , 7 att o ir r;r ::::::ioi Jewel Tea JS14 do pret ; K?? City 8...... 18 K.iiv.sorlngfleld. . 45. Keok A D M.... Lacks, Steel .... Laclede Oas .... Lk Erlejt West L E i. W pf... .'?"'?", a"m"""lBd Llg A M Tob'pfd.iqo laonglslftfipf.. 40 Looss-Wlles 1514 Lorlllard P ....208 Lorlllard P pfd. 10914 Maekay Cos ..... 78Va Mackay Cos pf... 4 Manhsttan Beach 1 May Dep Sta Pf.I05 Manhattan E1V...118 Max Motor 1st pf e4 May Dept Stores. 49U Mo Kan A Tex... B Mo Pao 61H V. S 1 "on P Pf . 60 ., o express .... ig 'Wl? A,,.0o'.0l f.l08 U 8 Realty Imp. 15'A do pf B0 " g Hubber 1st.. 103 " S Smelt A Ret 49U Utah Seo Corp... 15U Va.csr Chem..:. 3? Y-a 9." tm Pf.108 Va Car Ch 1st pt 8114 Wabash 10 West Md 24 SI West Union .... 90 Weat Pao R R ., 1714 do pref 47 W'houas Mfg pf. 68 Wilson Co eou Wilson Co pf V.loi Wis Central .... 44 White Motors.." 4414 Wheel ALB pref 20', VVoolworth 1221? Woolworth pf ...123 Worth'ton P A M. 8J Wlllys-Overlnd pf 90 , Itlch. Inelrb-Cons Corp. 874 Int Itarvof N J ..110 Int Mcr Marino .. 27 do pref 88 Internl Taper ... 30 Int Nickel 33 ICennecott Cop ... 40 Lee Rub &Tlro... 17 Llg & M Tob rts.. Louis & Nash ....110 Max Motor 32 do Zd pr 10 Mex Petrol 02 Miami Con Cop .. 33 Mldvalo 61 Missouri Pacific.. 28 Nnt Acme 32 Nat Con Cable ... 2874 Nat i:nam S. Stpd 30 Nevada Con Cop.. 21 N Y Air Brake .... 1 2 1 New York Cent... 78 N YN H & II ... 2S Norf & West 112 Northern Paclflo ..101 Ohio Gas 48 Ontario Silver ... 7 Ohio Fuel 48 Fenna 11 R 62 Peo Gas & O 04 Philadelphia Co .. 31 Pitts West 20 do pf 6014 nay Con Copper.. 28 Beading 81 Bcp Iron fi Steel 81 Royal Dutch Shattuck Ariz ... lavage Arms .... Southern Tao . . . Sup Steel Southern R R.... Studebaker Tenn Cop & O vv 1. Texas Co Tobacco Prod . . . . Union Pao Un Clg Stores. . U S Cast I P Sc U S Intl Alcol... U S Rulbcr. .. . U S Smelt & Ref. U S Steel I'tah Copper . . . Wabash pref A. .. do picf B Wells I'argo L'xp. Westlnghotiso Mfg 67 23 (I.I 01 39 27 47 15 ..160 .. 71 ..!28a. .-118 r i ..137 68 61 108 05 47 28 00 44 Worth I' &. M pf B 60 Wheel & L 11 .... 12 Willis Overland.. 28 low. 8 110 28 84 20 32 40 17 118 32 ' 10 01 36 81 27 32 28 30 21 121 78 28 112 101 47 0 48 62 8t 33 28 60 28 80 81) 00 23 03 91 30 27 45 1.1 104 71 128 U8 lfl 133. 68 02 107 03 47 28 00 44 60 12 27- Closs, 8 110 26 84 30 32 40 17 110 82 10 92 33 61 28 32 28 39 21 121 7814 28 112 101 47 n 48 82 63 33 20 89 25 80 80 66 23 03 01 39 27 40 n 160 71 128 118 16 131 58 n. 107 03 47 25 90 44' 50 12 28 Net , ehge. 1 1 V H 1 r ; -r 1 1 1 ""i 4 1 Tnffil atil4i 11 H OfWl ahiiM. ,oui,ini Miarrs uuu ftnartM. 1D3 ROO uliare. rompnrM with Sffttcrdii. tht. fur tills ntk. n eume period Intl uk, 3.111- iVcitv York Bond Sales tiooo 1J4U00 UOOil 13VUO HKIO 10(1011 1(100 2II0U 24000 3000 2000 VOW) SSiOOO 6000 lll0 4000 10011 6000 2000 3000 4000 14IIUH 25(10 1J00II BUOO 1000 JUOO 14000 2000 5000 9000 10(10 60HO0O H0OO 2000 3000 29000 1(1000 22000 1000 2000 1000 4001) 9000 B0OO 2000 1(1000 40000 1000 1OO0 10000 20000 2000 3000 r.ooo 20000 7000 1000 1000 7000 1000 49000 600 4000 17000 1000 11000 17000 oooo 2000 3000 iriM, Exprcts 4s.. 7 l'J Aivtrli.1irinj Va fta Amer Smelt A Ref 6n Amer Tel 6s ... Am Writing Paper 6s ARhlson gen 4s.. Atl Char 5s Hull X ,tV.ln A lirkn Ran Tr 5s mis u's Bordeaux 0s il Cties & Ohio cv 44s,, 7lljj lll, !I7' 8" In 8is 17 . S.Ua SJ. An i nn,. R (".(il tl r. r ,nlt a n-.l. U at . St P rfd 4'4's! 80!a do conv Cs no v 4"4s do gen 4 '4 s ChIR I &Prfd4s.., do 4n Col 4. South 1st 4s., do 4 'in City of Paris Cs...., Con (las conv Cs .. DIs Secur Corp 5s . i rentn uepub 5'4s. Ill Steel deb 414 s .. lnterb Met 4Hs .. Interb 11 T ref 5s Intor Mer Mur fls . Lncka Stfrel 6s 1923 Lk Sh deb 4s 1031. i.nrniani 114 . 81 . 80i . (17 . 7ft Si!' . t a . 92a .10l't . 75'a . IHI'4 . 84', . 5'lVu . 8Sa . 91 . I'7a llllS Hl3 M' 8S'I Liberty Bonds l 3's.lOO "Jflll" 1,3 ... .. ..... lt Marseilles fis 94 Met West of CM 5a.. 91 Mo Pao cm 4s 57 '4 Montana Power 5s ... 9J V v (- jr. tr n .o, N Y City 314 B NoV'til 84'i N V N II 4 II 0s.. . 1 iiwy ds N Y Tel gen 4'4s ... TsT V r ,. r. i ,1. Nor Pao 4a ........ do gen 3s Oro Short L 4s Penna gen ct 4'4s.. uu cii i'jn K7 20'i 91 j 40 Si's (2 Ml", ns l(il i'i Pere Marnuette 6s.. . R2'4 Rep I i. s 5s bt la A S 1- nit.. . do In do ber A . . . Seaboard A L Sta 4s South Pao cv 5s.... do rf d 4s South Rwy 5s Texas Co Cs u Rubber r,.. 98'a I.S'l 5(l'4 5's 71', 95i 84 9(1 ioi; SJ'4 K S i'overnment'isjovs! U 8 Steel S V 6s...:imi lTnlnn Pan t a. U IC of o B el I 6s.. do 6'4 1918 .... do 6'as 19111 . .. do B'4s 1919 new . do 514 s 1921 va rwjh 6s :: West Electric 5s . . . : "est Shoro reg 4s... 97. 99'x 11 1 1, HO', 94U 911, 9h'S 80'a I ov 714 9J IK) H7', !5' !'! 97 8,14 IS IH 7ll 8J4 IH'a 804 94 81 (1.4 (17 79 81 J4 74 9J4 104 75 90'i 84', 88' m 97i I'OJi 09.92 111 Ht lit 67 .' H84 844 87 2ll'i 914 40 b4S II.' 8(14 92 "i lno 8J4 US', in 504 80 4 74'i 95'i 84 90 101 i 8.'4 invj ioi;I 904 07s 994 1144 911'i 9i;J 914 984 SOU Closs 714 112; 904 1174 814 rll'I 974 8.14 98 114 7(.4 nr.4 804 94 85 8(,'J- 07 79 814 4 li J4 104 754 HO'4 84 4 594 8S4 111 II 7 "4 00H 11(14 100 9 4 91 HI 07 II.' II84 844 fiT 20'i 914 40 84H (,.' 8114 02l lllllat 8.", IIS'J (,1t 804 r.94 744 93'i 81 on Kll'i 8J'J 1014 101 9114 974 Illl'a 944 1194 914 11.14 984 bO1; MO .lji,i.I(?OI,'?00.ttmI)Br,'d wh 83.580.. I2x.JL,t'.d,aT, tnu" 'ar this ee4(. 818,841,000: same period last week. 116.017,000. "'',"I'UW Calls for Banks' Condition WASHINGTON, Sept. 15. The Complrol ter of the Currency today Issued a, call for the condition of national banks at the closo of business on Tuesday, September 11. THIRD National Bank. PHILADELPHIA CONDITION AT CLOSE OP BUSINESS SEPTEMBER 11, 1017 RESOURCES Loans-antl Investments.. .. $6,864,609.08 Duo from Banks 1,052,709.57 Cash and Reserve 959,366.10 Exchanges for Clearing House 400,665.47 $9,283,440.22 LIABILITIES Capital $600,000.00 Surplus and Undivided .Profits, Net 906,161.86 Circulation 139,000.00 Deposits 7,438,278.36 Bills Payable, Federal Reserve Bank 200,000.00 W. $9,283,440.22 CLIFFORD WOOD, Cashier. 'flfltW ytnd Aura llsmham. Jr. Wlttlaa Woo4 rharlea Wheal William t. Ktllerl Chsrles E. Inxersell PHlladelphla. Ta., September 11, J917. DIRECTOBS A. A. Jaeksan NamtMl M. Curwen ClareoM M. Brawm Mtoveiu lleckseher Avery D, Andrews BESOTJBCKS Taoana and Investment.. J13,5J8,I87.20 Exohanres for Olearlng; House...... 6tO.lSt.ll Due from Bank and Bankers. 8,733,891.80 Cash and Reserve 3,5(2,041.64 J. Barton Towmend v. Pred'k C. Stont ItenJamln Rush William Post John 1), Morgan $20,433,763.42 i.iAnn.iTrES Capital 11,000,000.00 Gurphis and Undivided Pronto (earned) 4,00,88.gS Circulation EB,Q00.O0 Deposits ..... 81,371,876.67 $26,433,763.42 WILLIAM T. KLMTT, rrtsMtsit VlMrMtM4s( ' &;& V.1 STANLEV'E. WILSON, AH'ICaalltr A. m. snftn.aVBSM ELECTRIC STORAGE BATTERYCOMPAl SELLS $2,000,000 WORTH OF Noi AniiouiiceniciiLof the sale ty n '"irl? Storase Uattcry1 Company ot 12.000,000 C per cent notos furnished tho chief hit or news In the nnanclal district in this city .. . m... .. .na .flrln llV THA votiny. a.iio uiiuuuiiuciuvuk m.. ...- --a -president of tho company Herbert laloyfl. Tho issuo was taken by Brown Brothers & Co , and Cnssatt & Co. ' Tho notes will bo dated October 1. 1917, 11,000,000 maturlnfi- October I. 1018. nnd tbo remainder on October 1, 1919. Tho pro ceeds of tho notc-j will bo used to pay off all existing Indebtedness and to provldo cap ital for earning out largo Government con. tracts during next year. Tho bankers of fered tho notes In equal amounts of each maturity at 93-j and interest. Tho fact that tho company is paying such n high rato for Its money, tho price at which tho note aro offered to tho pub lic showing that tho hankers got them at' a lower figure, tho Investment return on tho money being moro than 7 per cent, Indi cates tho present condition of tho money market. Another factor which has much to do with tho higher rate N tho approach of the new Government bond Offering. Transactions In stocks on tho Phlladcl- l,(n Btnrsb l'.v.hnnf.A In thi fin.1intir SO1!- slon today wero tho smallest In somo tlmo. Tho total turnover by tho end ot mo iirst Local Bid and Asked Amer Stores . .. Vtattlwln . llrlll J CI Huff and Susq t 0...... do pref ..... Kleo Htorase Gen Aen ..... du pret . Kev Tel do t c. .. ........ T.alto qup Corp. !,eh Nav .. .-... Leli Valley Tr do rref Penna Phlln. rjleo Phlla Co do .. per cent pr.... do (I per cent pr. . . Phlln n T t c Ton llel Ton Mln Pn Trao rot. York Hv do pref . . Win Cramp A bons "lodav" Testerflsy nid Ak Ilia Ask no' j noi no L'll no J'. r. r.o Ml 17 M U'i (15 15's 74 I'I 1,1 ni'4 m .! in 30's 4'i njs 41'. T0. 10 :m .in'4 to M'A rr, so n.-.'; 17 r,s ji'J (IV -I w n r,i; J8, :n si no so, 4? ': 41 7R'5 10 :iu 75 i .-,7 r.-. r.7 ni' co 12 r.7 n.-.'i r.n 111 17 10 ( it r,s no i.' n'4 is OR (IV HK 111' I 1IVVI 1,1'i 7ft 7 1 70 M V I ift 45 11 45 r,2'i r,ii na 20 ,J8 JO :u :n nt a-, sj sr. nini no :ifl'i 30W S(t 80't 4'. 4?i 4 fl 's OH 4I. 41 444 0W 80 hour was only a little mor, ... 'fl shares, and durlnir thof i."":?."' stocks and three bond, ajp r -- r PENN r'.Z, . r".. mn i wuiiiiiuyuia a uati, Hent. II 1... A5?SP.TQy " "W, Immedintelv Avnll.ihlA. -- w "-- . Lash and Kcservc.Sl,468914ii'l Clcannn; House. 45S.688.7J Duo from Corrc- ' spondents 1,258 270i!l Discountable in Rcservo Bank. . 4,B11.7go.l 7.694.661M Other Loans and Discounts: uuo witnm 30 DuO-to"1'397'509 dnys, C21.540A) I Duo after 90 days l,4855mS' other Bonds . . . 9C4.527 oft . Banlnnp; House .. 280.OQO.fln J 512,H328l5 LIAB1UTIES Deposits $8,768,716.48 Circulation 195.00ft nn Duo to Federal Reserve Bank.. 1,250,000.00 Capital Stock .... 500,00000' Surplus and Pro fits 1.729.81U7 $12,443,528.C -always royjiKKriAt" M. a. linker, Cashier Market nt Seventh ararFPJA Wm yfpnXjfffrw ss. aoBs'sBsssr.VOr CBlaisjp 315 Chestnut St. WM. A. I.ATV rre.hlent KKNTOX IVAKNE Vlee President FREA8 Tl. SNYDER Vice President IIAItnr .T. ITAAS Vice President THOS. W. ANDREW Cashier C1CAS. II. JAMES Aas't Cashier CAKl, H. CHAFFEE Ass't Cashier r. W. AER tllAS. H. C1III.II lOShPH S. CI.AItK WALTON t'l.VItlv CTOtS II. K. CURTIS The First National b.ank of Philadelphia. Condensed report at close of business September 11, 1917 RESOURCES Loans and Investments $28,232,116.561 Due from Banks 5,174,874,911 Exchanges for Clearing House 1,193,943.72 Cash and Reserve 3,271,69m Total $37,872,627.10 1 LIABILITIES Capital $1,500,000.00 Surplus and Un divided Profits... $1,891,859.65 Unearned Discount 120,744.05 2,012,803.70. Bills Payable Federal Reserve ' .u tall K 0 vUsVVQsQu t Deposits 33,860.023.40 1 Total .... DIRECTORS $37,872,627.10 -1 I'RVMil.lX II'OLIKR VVII.I.IAV1 p. (II ST (IKI)K(li: A. II1.M, SM1NKV II. HUTCHINSON K. 4". 1K IV LIVINGSTON K. JONES IM.IAM A. LAW JOSEPH II. MrCALL l'KI'Jl'lv McOUEN .1. HENRY KCATTEBC00D l J. VV. VAN DIKE t- " ,mm rFfeaaEn:ei?s i MKB &FMeehod!ies N&tionadBMK Statement of Condition September 11, 1917 RESOURCES Loans and Investments $13,384,113.12 U. S. Bonds and Certificates of In debtedness 1,984,364.53 Due from Banks 1,969,342.90 Cash and Reservo 3,066,404.05 $20,404,224.60 , LIABILITIES Capital $2,000,000.00 Surplus and Net Profits 1,606,623.99 Circulation . 1,398,997.50 Deposits 15,398,603.11 ' S20.4n4.224.60 -r , , .,T -SJ.-i ,OS1 EDW. STOTESBURY LEWIS, Cashier 427 Chestnut St., Philadelphia 5 iT 131 l( lL OSS railSt ml PI TTMT4TYIVT1 V.VW national Bank ' Third and Arch Streets A Commercial Cononne in a Commurcial Community u,.,wHk v. cepbcniDer 11. 1S17, RKSnmrKH Loans and InrestiuenU 9.91S,014.B9 "w iniiu uihw.,1,,,, Eirhanses tor the t'lesrlnr llsot a ..... Customers' Elabllltr Arronnt ot "Aeeept anees" Kxecnted by This Dank cash 2,458,1:86.51 080,003.87 Keierre ....- . 119.3S4.1S S42.1S0.64 .11. .87.01 IJABIX1TIE3 )) CsdIUI . Jjndlldi Proflti ",.! Unearned Discount .... 4'lrculatlon Aeeepluees Executed for Customers ...... Kedlscounts, Fed eral .Parable to Fed- tJ500.0W.0J SOU.ww.yj. H1.BU as asajll i ittfiUJM I 11,34.1 1,S0T.8(0.M H . was. It ass, I. .iris" ". oi hi en b; Mcculloch. rrrtdt ""114.130.00 rsftl Raaapis, ll.nl. OAis AM.OO epUa ::; in.JJB0.8ll .IT I l.lll 11.130,618.11 nrnoKKVi j. e. ; THEODOnB H. CONDERMAN """""" riOa-iYWiiMt Ml RaalUae SAMUEIa CAWBSfcUX.jj.l.l, O. BTUABX VnmB.JL.it. CMar Vfy"" " -avnrisrr3, cnairman of (As Boar a,-l H a aabw.K -w.-' ;. L. . ' ... . .M. - jienrr if. Hsrfsn. jr. IapUIB N, SrUJLBEIlOER wm-rnMOtmt ant Oathitr- Icnstlus J. Doban Asron nana . Theo. H (JondsTmaa Harlan raajj mi I , . , LTtajsi - -a-,,i -.. J. 8. McCulIoch John q. Mania,, iS Nathan T. ia. rolsmU-
Significant historical Pennsylvania newspapers