: mfjm .aAFSV t 51 EVENING LEDGER-PHILADEHHIA, WEDNESDAY,. SEPTEMBER 19, lt)17 tf4kVW M,"HHfi""11- FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK QUOTATIO H 1 - -.F L -) IP. If 4b M -v A.. IEILLY, MOCK & CO. BANKERS '," ' PHILADELPHIA PLAN EQUIPMENT TRUST CERTIFICATES 306 CHESTNUT ST. riiu.AiEi.rim GmglarRsgo. BANKERS (KataLllsUea 19.lt) 321 Chestnut Street Philadelphia "The Seaboard" The Seaboard Air Line Rail way system extends through the most thriving and pro gressive parts of the South. It is keeping abreast of the growth of its territory. To show the progress of this Railway wt have pre pared a pamphlet dealing with Growth of Earning Power Maintenance of Property Financial History Management, etc. A copy of this booklet rE-137, will be furnished upon request TheNationalCity Company. 1421 Chestnut St., Philadelphia New York IToston Chicago San Francisco Pittsburgh Marine Engine usiness To Be Sold on Favorable Terms The Japcr Enpine Co. has de cided to dispose of its entire prop erty, patents nnd equipment for making and selling1 the Jaijer Ma rine and Stationary Gasoline and Kerosene Engines. The business has been established for many years, its products bear an envia ble, reputation, and the present owners are willing to dispose of their interests only because they are overburdened with business in other lines. This affords an un usual opportunity to secure a manufacturing business capable of wide extension nnd nearly cer tain to pay satisfactory profits. For full information address GharEes J. Jsger 15 Custom Houss Street 1IOHTOX, MASS. STOCKS ADVANCE IN WALL STREET AS STAMPEDE OF SHORTS OCCURS Heavy Covering by Big Houses, the West and t.he Board-Room Element United States Steel Common Assumes Leadership High Points in Today's Financial News Stampede of shorts in Wall street, with the result that prices for stocks were advanced. United States Steel common took tnarkct leadership. Broad cninn of interest show)i on Broad Street Curb. Grain and cotton higher. I' trst certificate allowed for export of gold. Bar silver made another new top mark. Price of lead reduced. Foreign exchange market dull. NKW YORK, Sept. ID. Tlio benr clement on tho Stock K.xcliaiiKO could not very well light against tho Government, nnd with this Idea In mind, following tlio developments in llnnnclal matters yesterday, there whs n stampedo of tho pliorts. Thcro was heavy cove-ring also by western houses, with threo firms doing moat of tho buying In the stocks whlclf mndo tho Greatest gnlns today. Block, Mnloney & Co. nro estimated to have bought 100,000 blinros of stock. Arthur Upper & Co. wcro credited with purchases of 00,000 shares, and C. I. Hudson & Co. niunt have bought about GO.OOO shares. ThH buying started tho upward movement vigorously along, nnd tho manner In which prices ad vanced naturally caused urgent buying by tho boardroom fchoits and by tho uptown bear clement. Tho market lendershlp was again assumed by United Statoa Steel common, which roso 3 points to 108. and other steel Industrials made about tho samo amount of gains, l'.cthlehein Steel "II" advanced 3',. Cruclblo 4 and lTaldwIn Locomotive 3U. Similar gains were rondo In tho copper stock?, Anaconda rang. Ing from C0 to 71 nnd Utah Copper fiom 91 to 00. Heavy transactions were again made In tho Liberty Loan at slightly under par, with most of the buying of those Government bonds coming from Important financial Interests. Railroad bonds and Industrial issues wcro heavy, with New York Central debenture Cs selling down to 9S'i. Reasons for HI id vale Steel's Decline Tho decline this week in Mldal? Steel and Ordnance shares to the tho low est level of tho year, and twenty points under tho highest price slnco its listing on tlio big board, Is duo to numerous considerations, among them tho gradual elimination of a larco speculative account that was created during the height Iff of the stock's popularity on tho Curb, tho economic an' ilnancial conditions that have provoked general liquidation of securities, and tho lactor oi remuo v.iiuiu. ' Tho Wall street argument is tlint If Steel common, earning nt tho rato of $30 a sharo after deduction for the excess-prollts tax, is worth only $103 a sharo or thereabouts, why should Mldvalo Steel, whof-c- earnings this year nro estimated at $15 n sharo, or 30 per cent, after tho tax, bo telling In tho vicinity of par. At $47.G0 llldvale, ns a $50 par stock, is equal to $95 for a $100 l3sue. On December 31 last, Mldvnlo Steel equities wcro equal to about $39 a share for tlio stock, whilo thoso of United States Steel figured out at nearly $200 a share. On the score of dividends tlio argument is that If price fixing and tax ation are such 'that tho Steel Corporation is unnblo to continue payments at tho present lato which, with e.Mias, Is 17 per rent per annum, tho $0 n share, or 12 per cent, Jlldvnlo Steel dividend would necessarily bo endangered. Motortruck Stocks Steady Issues Tho motortruck stocks havo been the steadiest of ull of tlio automobile Issues and their declines during tho recent demoralization have been relatively unlm portunt. Lower steel, coptk-r and coal costs will rosul In a very mntorlal saving to these companies, whose business Is admittedly still in its Infancy. Or tho 4.200,000 motorcars in uso in this country only about 10 por cent oro trucks, and less than S per cent of tho trucking business of tho United States Is conducted with motor-driven vehicles. It is only in the last threo years that manufacturers havo conio to a realiza tion of the fact that while tho intlal ln cstment Is larger the saving in transporta tion over tho cost of hauling materials with animals Is not only substantial but deliveries are made much quicker. In many sections of tho country regular transportation lines between towns twonty-llvo to tlfty or tnoro miles distant have been organized In tho last few years, and while truckB uero formerly sold In lots of twos and threes they mo now being contracted for In fleets ranging from 23 to 250 to tho slng'o order. Little Fear of Food Shortage in United States With brilliant crop prospects thcro Is little to fear in tho way of a food shortago In this country. Farmers aro cultivating acres and ncres of soil, heretofore unyielding, in order to make a bumper harvest, and feel satis field with tho Government quotations of from J2 to $2.20 a bjshel for thojr wheat. These prices are much abovo pre-war days and In snmo parts of tho country repiesent tho highest prices over received. The nica of spring wheat planted was reported In tho Scptcnibor 1 Government forecast as 19.039,000 acres, compared with 17,831.000 acres on tho samo date In 191C nnd a final of 17,930,000 acres. This points to tho close co-operation between the actual controller of food supplies nnd tho Government. Nature, has truly tho last word In this connection, but sho has apparently played her part to tho utmost. Desplto retarding weather conditions crops havo matured well and harvesting has progressed favorably In certain portions of tho northwest. New York Bond Sales tutor purchasing oil securities It will pay you to Investigate BARRETT OIL & GAS A. company with an outlet for Its en tire production and a demand for tho products of its refinery greatly exceed ing th available supply. Illustrated book and special letter BB-1 on request E. H. CLARKE Morton R. Alexander (Resident Partner) l'hone 1149 Hpruce t Jtaeb Kichangs Hide. rblla.. Pa. ST William tit. New York Newark Chicago Indianapolis THE HAVtlANDARHSTRONG COMPANY WaPlf 1418 WALNUT SI nnAlflfi WWY8W-WITIW ..11J .. 7H . . Nt . . iv; . . m' .. U-.'-t .. 117?. . . Tll'-i . . i' . . 7' . . 77H . Mi ..KlS'a . . OIlW ..io7; lu 7ll'i .8? HlKh J20O0 Adams Kxpriss 4s I 10OU Allegheny Val Is V2 53000 Arotlo-rrench 5s OiVi 1C00O Amer For Sec Ss 15V 1:3.101) Amer Smelt &. lief Os. 1)1 7COO Amer Til clt 4s fill's 44500 do 5s ? 3.10O0 Alihlscm Ben 4s Mi 1,0011 do it 4s 11)00 Ull lout) Atl friar 6a ;? 30IHI Halt S. Ohio 5s IHIJs 40OII do cvt IVa t. liioi) Il&O V LIIWV 1 r-4 1UU0U Hraden Copper '. J': 1000 lirkn ltp Tr 5s 1018.. J7' Sooo Bordeaux a !'?;? 1000 Hrun & W 4 (. 7000 Can Uovt r,a lid H.i's 300K do 5s 1031 ....;..- ''' riooil tent j-ain'T i" u.. w-,-. 00(1 I'hlll C'llPlMT i" ... 10OO Chcs St Ohio 4'3... 43001) do cvt 5s 3uoi)ii Chi 11 & O Julnt 4s. 1001) do rec Is i'DOD Corn Prod ."m 34s... 11000 Chi lnd & W Is 1001) C M.& St P dlv 4s. loon do rfd IWs iiooo Thl n I ft V rfd Is. iiooo Col Industrial 5s., , nsooo City of Paris 0s... 310(10 Con (las i-vt 0s.... liioo CM rtw8 5s OOi Cerro de Passo 0s... 001) Del i Hud ct 5 Iiooo Den i. Hlo Or rfd 5s 2300H Urlo cvt Is Ser II. . . I'lmill do iren 4a "vnilll F-renrh Itenub 5li H... Dltli L'Ooflo Havana Klec 5s !'0, Soon III rtteel deh 44 s tt 40011 111 Central 4s 1U53. . . . 7.1 2'.'OOl lnterb It T ref Is KS 40O0O Inter Jler Mar Us 1)1 20IHI Japanese 44 , .... H 8000 iH new k a 4Hs. . . . 774 loon do new me sta 414 a N7 1IHK) KlnKS Co Kiev 4s ... 73 loon Loulsvllli- c ft 1. 4V4a lis 25000 l.k Sh deh 4s 108 UoU IliOll d.i deb 4s 1031 . . . Mi 10H7IKIO IJIierly llond l SViiS.HM) 111, un Jlarsellles Us ,. A3H IBOOO Mex Pet Co lis Ser C.loil loon Mich State, Tel 5s. .. 1)214 inooo Met W Side Chi 5s... DOjJ 1000 Mo Pac w 1 5s 1923... Il.tk lixooo do e m ii 300(1 Montana Power Cs 5000 Nat Starch Co 4s. 20011 Nat Tulie 5s 43300 N V C i H 1)1 . ., HlHiil do (i 100(1 N Y City 4s 11150 . . . 2110(H) do 44 a 11)03 5000 do 44 s 1DH4 300O do 4Via 10 0-1 . . . 20OO do 44 a 1900 .. . :i(HH) do 44a Nov 1057. . 3000 D 1, 1 IV ( , 0000 N Y (I & W 1st 4s.. 40OO N Y Itwy 4s 1000 do 5s , . . . 23000 N Y Tel gen 44s.., isono N Y W c W 11 44 a 100O0 Norf ft West 4s 5000 Nor Pac 4s 2(HMI Ore Short I, 4s 7000 Pacific (las Cs 12000 Penna iren ct 44s.. 2000 do en 44 s 1000 Public Herv NJ Cs. 22000 Per Marquette 5a. 15000 Heading gen 4s 10(10 Itepuh Cuba .Is 1004 4000 Itep Ir & H 5 '.'Mil) Ht Ij I M V S (llf 4a, 4000 81 l. t 8 P alt.... loooo do In L'lOOO do Br A '.. 401X1 Ban A & Aran P 1st 4s ill1.. 2000 Beaboard A I. Bs P4 7000 South Pac cv 4s..,,,, 82 IIOOO 'do cv As 1154 nOOO In rM 41. K4 mono south Itwy gen 4s 14000 do S ,. ...... lnoOO Texas Co Os 7000 V H Itubber 8s... loot do Os . . . 10000 V 0 8 II 6s.... 40(H) I' B Realty r.s . 80tX V- 8 Steel S V Ra. ftono I nlon Pac 1st 4a. 11000 Vn Rwya of fit V 4a.. 111000 U K of O II I 6s 88000 do AUa 1918 11000 do 54 a 1010 JISOOO do 54 s View 1919 . 1B0O0 do 64 a 1021 11000 Va Uwra 5s j out) west, jiiiectrio -a I.IIW ill 02 oa OS's no SOVi tm on oil'. IMl'j S24 7S4 H4; H7N i:t Kl'j 11.1 or.s ? 112 Ctoso l!1 02 024 05'i 91 8l)'s 0"i M) OH llllfs S3 7f.4 !I4J, !I7 !13S4 h'. i.Vj V1t ns 112 h2"4 H5l4 H4' ll-'n 117'zn 711'a 1n 07 Va 774 11 Ha KI44 1)04 107i I 1134 ' r..i 41) 704 iintl IIO'J Ml 7.1 not S'l nr.'i in u I7'i 7ll'4 7S'4 C.7t 774 1111! lOI'i 1104 1074 1134 5.1 II) 7I-.4 Illl1. !l(l4 in 75 Ill S7 7:1 73 us os no'i iiusi mi; N'ji Dll.tlt 0U.0H i:it IMTa INACTIVE NEW YORK STOCKS FollowlnR nre iuotations for Inactive New York slocks and In which thcra were no transactions yesterday Tho prica given Is tho last previous s.tle. Adim Krpress .11".. Mnckay Cos pf. .. nt .vanhattan lieach 1 ,! ".".'" S,H "' '01 Msnhnttan niv . .113 ir! ?rTo.tor '' If 04 ir:; ,v."j'.r.-u "' i"j4 41)'. A(!v rinnilev 1 1 H Ajax Hubber i, Al inka Juneau . . .I't Am Arjrl Chem.. S5 Am Asr f'hem pf.li" A It S .4 V ctts.,105 do ctfs pf 101 da Pf -, l'1 Am Heet Suff Pf.pl Am Car s i y I" "" ......... u pf ' lept Mores. IV t pref . Ill ". 31 i .. Illl IIU'B r.T .. 02a .. 0O ..WIS ..11") . . Nl . . iXVi ..102 . . H8i. ..1024 . IIS'J . 102 . . 04Vi .. 06), .. co; .184 . . e.i . . 8.1 . . 804 . . 84i . . 1)3 ..1004 . . 811 .. 81U .. liV4 ::c'o en .. 0 ..101 .. 82'i .1014 ,.102Vi .. 514 ..10 B.iif 1UII H2V4 00 no' 1124 DOS 1104 BHlJ 81 1114 101I nsI 1024 84 luijl U4H niiii Tiis 7T 80 8i; 804 84 ! 112 1(1(14 8M 81i 884 II-.I4 07V, ' B2U 50 C8S Hl'.s "r 82 o.iw 8.14 (1.1 v on 1(104 854 intv, ros 514 io.i2 804 684 07H 004 P44 nfitf 1IMI H2H oo !I34 C7 D2S 90I lil)4 OSS 81 1144 102 08Ji 102',; 08i lW 0(14 !fj iilH 3H 8(1 84"i 8j 84 'J 1124 104 811 81'i i U7V4 Ml A1H 04 (1.1' OH' 1110' 82" I I 82 'I 1014 1024 814 1034 .18V( 684 884 074 07S 074 094 004 1)94 044 044 044 . 084 09 914 4 034 02i P2? psg VI) 09 DO --W), rompared V.1IU M 48.- VII' T X rrt ('tan tlf Am Cot on Am Kap'.hs . Am 11 '- 1' ?' Am Ire uref.. . Am Malt ,-; Am Mmelt pr.r Am Smelt A . Am uni-i: jr II Am Sumatrarif. Am T & T3d Of V r.. snf imW SS Writ Ymp pref S.114 SsDo.?,.V.r::i.? A?f ..n.t I.lno.lOS ? ".", ?'.,: Jo3. i! .1 1.0c Pf. I"1' Harrett Co pf Halt ft Ohio pref Msy Mix Pit pref lurrtfl At i;s do prrf V. I St U.I 304 lit. . 4H'. . 124 .10'4 ltija 00 on 9 'I'JIA .100 KIT liil'4 .'. r.n Mltl Itcth Steel . netii rc,,r;; llro.k Un aa llron Shoe ,,....urlrW . li . or.'. . 1114 .101 .. 71 31), BOW 11H 40 814 31U As on 03 74 1I n ' ' "04 MnnP" r "' O f p 61V, i""f , r rf Kill Vt . .'".ak Suit 734 ;" ,V auit pf.10.1 .Nat i;nam . s ,,i IJijti Nat Lead pref .i(Vj,H Mich Cent . , 111,' N V n iu .:'." -. -o N Y Dock Vupr do pref ...,'" Jiorf West pref' Norf & South onlo Gas rta Pan-Arn Pet pf" do prior pr et " Peoria 4 a, p"'c S fr " C do'p'rer""'"'. Press Mil fV i S?i? Cnl Packing ;;' ''leice-Arrow p'r Dn' rVTei-lT 4 HM'i!-r: Kat "d'oV-:::: h W Si;": n. tit Went s . v Hea A L . i lAWpVei-I.IJ-i aLaVV- r" ,'."? : ,"i- ina flit rJ?.lor ... Con OI! "lu'S.. ' I- & ,S P nt ' on int Cnl Mln. 174 Sup StcVl . Pt ...un r-nnn nref.. 8A liiiu m. .2.'... u.h:S Mini. . M!i T Will .i"J "' n...""""ro "" rts ... Tidewater on" 8 IP loju 4f)U 11)U lobacco Ipm u .205 TAti:. w ctt; ioH L.'K"..1H 08 t-SKi Am 8 Pt-10, Cuba-Am Sugar.. 170 Deere fc Co pref.. 100 ii?" " '.'. or.M IS "' W cti; in .- I'll Stores Df H"T iintlFrwnod T nii ucta '-ssi.'- ..--" nav; IT.U.J -. T-.- den Motors pi . ni-t "'"" ood tin NEW YORK STOCK SALES' Net lllah. Low. Close, chse- Artvnnco Ttum prcr 24 23 2 -Alnska Girt Mlno.i 4 4 4 .. Allla-Chalmcrs Co. 24W Vi 14 do pref 2Kj alii ?. -f Am Ai?r Chom ... 87 87 7 3 Am licet Sugar .. ssfji Rl! 8?i 394 Am Can 41?i 40 AlVt Am Car and Kdry 70 09 70 8 Am Int Corp.... Mi 40i RiV 1 Am Jlldo and Lea, 11 lt 11 V Am lea Fee 12 12 is Tfc Am I.Inseed !Hi 22 22Ti do pref .. .'..... 00 BO 00 Am l,ocomotivo .. 02 60V4 s 2 do pref 101V4 10U4 10IV4 '.4 Am Malt pr 01 03 04 -f-lV Am SmcltlllK .... 07 05 "7 2 Am .Sum Tol) Co.. 40 4 -10 2'4 Am Steel Ftly .... 00 015 "Sli ll' Am Sugar 111 110 ill 24. do pief 11474 1147. 1141, Mi Am Tol & Tcl....ll7'4 111 Am Tobacco ....lot Am Wool 47 0.1 17 6.1 71 07 00 0.1 ()!, 07 0!) l',H 17 4.1 19'. 4.1 ' 0.1 1714 (1.1 00 OOVi 1)0 03 58 0.1 00 1 OH 4 1 C8 01 23Ta 10 ',4 4.1 do pref Am Zlno & Lead.. do pref Anaconda ....... Atchison do pref , Atlan Gulf & W I. Baldwin Loco Co. Ualtimoro & Ohio. llarrctt Co Ilatopllas Mining . Bothleliem Steol Jl 01 do rlghta 114 Urooklyn H T.... CO'j liunia Bros 04 llutto & Sup Cop.. 20',4 Cal Petroleum... do pref Canadian Pac'ilc. Central Leather . do pref 1()7,,4 107 Pern de Pasco .. 32 V4 2 f'li.indler Motors . 70T t. Iice & Ohio n.V Chi Gt West pref. 27 V4 Chi M & St 1 50 V4 Ch & Northwest .104 Chi 111 & V La.. 2.1 doiipc pr t o.. C2 do 7 p c pr t o. 01 Chill Copper 17- Chino Con Cop... 61 Col Fuel & Iron.. 41'. Col Gas & Elcc... a Cnnsol Gas 10.1V4 wont Can 01V4 do pref l()'i 151 147V4 83 V4 8H4 7U r.o 20Ta noTs 104 24 li r.i 0114 1714 SI 44 30', 102 00 07 40 0.1 111 1141. 11714 l!)t 47 0.1 1714 65 71 07 00 01 00 07 00 1V4 .. 0414 314 1 W SO 14 04 20 V4 V 17 45 ISt 8314 107 .12 7011 S7 1 3 1 '4 14 2 1 ltt 2 3 114 - 2 1 1 2714 fi 104 Corn Products ... 27 If, do prof 07 Cruclblo Steel ... 7 J Cub.i Cano Sutrar. 3J do prof 8.1 Del & IludEou ... 00 Domo Mine 0 Distill Secur 3t? Trio 2l',i do 1st pief .... 31 Klk Horn Tuel . . 20 Unston Williams. . 30 Gon Klec Co Ill General Motors ... 00 Goodrlt-h II K 4.1 do pref lOiU Gt North pref ...103 Gt North Cat ' ubs 13 14 Gulf -State Siopi.. 0714 IlnsK U A Darker. 3,1 1IH-. s Centra' ...nun Int Krtcul 1314 lu prcl I.1VA Innplratlon Copper .12 V4 Int'-tbor-Cona Cor 8V4 do pref rH4 Int liar of N J , .110 Int Mer Mar 27V4 do pref ki Internl Paper .... 3014 Int Nickel 33 Kan City South.. myH Kcnnrcott Co).... II Lack Steel 82(4 Laito Krlo & W. 12 14 LchlKli Volley. . . 00 1 (, Leo Itub & The. 1714 LIB H Mycin T Co.200 do rights . do pref 10.1 Loulsv a Nash... no Max Motor 3311 Mes Petrol ul Miami C'ui Cop.. 35 y, Minn & St L new Mldvalo Mo. Kan & Tex. . do pref Missouri I'acillc. do ctfs SO 14 Mont Power 80 Nat Acme 32 Nat Con Cable .. 27 Vh Not Kiiam & Stpd 41 National Lead ... ft I No vada Con Cop . . 2 1 , N Y Air Urako. . .121 New York Cent.. 77',', N V N II & II ... 2(1 N Y Ont & West. 104 Norf & Wes,t 1111J, Northern FaclIIe. .101 Ohio Gas 48 Ontario Silver ... 7 Owens Hot 87 Ohio Fuel 48 Pacific Mall 20V4 Penna II H CSV, Peo Ga & C .... OVi Pera Marquetto .. 1.114 Pitts West 2.1 Pitts Coal ctfs .. 50 do pref 80 Pletce-Arrow .... 37 Pressed Steel Car. OJ 10314 00 102i 10214 014 M 2 25 r2 -t IK, OtVj .. 17 BtTf, H6 41 1 39 1 12 .11 4 n 281; Pullman Pal Car. Quicksilver , do pref Ity Steel Spring. Hay Con Copper. , Heading Rep Iron & Steel, do pref Itoyal Dutch . . . St L S F St L & So West. Sinclair Oil 251; 1)714 08 Ut 8t 00 0 3(1 20 SI 20 3.114 13814 87 44 102U 10.1 . 3214 on 3.1 too , oil 1:1 30 8 151 111) 2014 Hi 28 32 17 40 81 1214 00 1714 200 Mi 105 UO14 32!', 02 3.1 11 4!) 1 27 fill KO 32 20 13 SI 2(1 121) 70 2514 10 14 11014 100 47 87 48 20 51 03 15 2114 no 8.1 37 (U !7 I7 72 31 85 01) !) 31 81V4 31 20 30 110 01 45 10 J 14 103', 3314 1)7 33 lrtl'i 131.4 4.1 61 8 3 3 14 114 4 1 14 2 T Oi 1 14 2 4 1 Ti 114 -I ".4 14 Ms 314 S14 K, 5114 110 i VS 1 t 1 8 :tV4 214 30 3314 18 41 82 14 12 Ml 0014 1714 200 10.1 110 33', 1 314 U Id -, 111 14 3 2'. U3'r 2 3.1 4 - 2814 80 8U 32 2714 13 51 21 121 771ft 20 1914 11116 101 18 . 18 20 62 0.1 1.1 V4 1 14 2 1 V. 1 - 2 14 H4 1 114 2 1 130 138 1 114 40 2.1 82 81 1 114 43 2.1 70 70 1-2 3 Mi 10114 101 00 ooi4 1S 28 3716 MZ" v-'"V7iin li Clreene-Can I "up . U Oulf B Htl 1st Pf.105 Havana EIec,..,10t .Homestake 11a "I. Int llryl i ."'" ""00 . united rjfui:;:;; 7I1? Untd Urue 1st if 574 JJnlted Drua "a. f 8l8 rJc.,..ivi un i-aperboard "1 Corp... 7Sr Un Fruit ... "m Kelly-SprlnBtleld K0K IUM leadens lias ..... m 1. K It West nf.. 20 Long Isl ctfs pf . . 40 I.oose-Wlles ... Lorl ard 1 Va Car Ch 1st pf aii Vn Iron. O A C. . tR IV Md 2d nf ".'" West Pae It II .. iTVa 40 west union .... no 11U IV'house Mfr pf. 65 .20 Wilson Co pf ,,ioj n 434 44 07 irHlHTlS i. J.il.....tL Wnolvrorth ni ...15-j ijriiinr.i . i...,..-Ta .:;.t. ------ M 8 P4H St M pf.117 Wlllvs.Ovsrlnd pf 911 Mackay Cos 774 do P"f 4T INACTIVE l'HILA. STOCKS Follownft nre quotation for Inactlvs itocks listed on the Philadelphia Rtnc kEx ehansje and In which there were no trans. actions yesterday. The price given la the last previous sale, do pret .flnhflf ... AllUixe Ins .... 2U ao prtr ...... as Am Oas war. .. 14 Amer Ctorea ... S7Vi irlil J fl PuH HJq t c jo da pref on ramhrla Blast . 151 ...... 4tt nortn cent ..... North Psnna .... Penna Salt ..... 91 Phlla Co (4 rnna ;o pi iliris Qeu . ... W Jer It ... 4U waa i,rai JoW 91 14 '.ft Seaboard Air Line 11 St L & Sw pf 31 Sears-Bo.ebuck ... 150 Savago Arms ... 70 Shattuck Ariz ... 2314 Southern Pacific . 01 Southern R R 2714 do pref 02 Studebaker 47 do pref 00 Tenn Cop & Ch.. IS Texas nnd Pac. 10 Texas Co 108 Third Ave II R... 19 Tobacco Prod.t. ... 72 Transue-WIU ' 40 ' 13 28 30 11 30 132 130 60 83 37 02 138 1 1 4314 23 81 81 101 00 .. 13 28 .. 30 11 31 2 3 70 23 00 20 01 41 00 14 15 103 19 70 40 1 .1 4 V4 1 1 70 23 01 27 fll- 40 00 IS 10 107 10 72 40 1 S 2 7 STOCKS COTTON OUAIN MARKET FORECAST Sent Free on Request HUGHES & DIER Members i Ihlln. Htock Egchange jirmDers ,-,,,,,, Iloaril of TrJd(i 143.1 Walnut M., Philadelphia IIS llroadwar. New York Net nlcli. Low, Close, chac. Un Ha a Taper.. 0T4 o o union Pacino ...,lo li i202 rrT.? i"?r. " "tt 77 United Alloy Steel. 4.1 42 42 Unlto CI Stores. 110 116 llo 3 U S C I P & F pf . 60 50 60 1 U S lnd Alcohol.. 134 132 14 a U S Itubber 60 68 60 do 1st pref lot 101 10 1 U H Smelt & Ref. 03 02 03 2 do pref 40 4D 40 u 8 Steel 108 100 108 3 do pref 110 110 110 Utah Conner oi'A onx. oiu j-riu. n-uar uiiem .... 87 37 Wabash 10 0 do pref A .... 47 40 do pref n 24 24 Wells FarKo Kxp. 00 00 West Maryland ..17 10 Wcstlnghouso Mfff 45 44 37 10 47 24 00 Woolworth Worth P & Mach. 3 do pref B 60 121 121 , Wheel & L n do ctfs Whlto Motor .... Wilson Co Whlto Motors ... Willys Overland.. Wis Central 12 20- 43 00 4314 28 40 32 60 12 25 43 60 4.1 20 40 17 45 121 32 BO 12 20 43 00 43 1 2 W 28 1 40' Tnlnt snle. 3I0.R0O lmre, rnmpnrri with 0"8.1I8) fclmrp jpitenlnyt thu far thl rsrrk, SK.-J"''. ""i" ret I me per .lnd Just week. 777,300 shiircs. Sales in Philadelphia Net Close, rhge. 23 114 100 214 t8 Wish. Low. lOAIlls Clinl M 23 23 10 Am GilH ....100 100 Am Rwys . . . . lOAtchlfion ... 07 07 07 1 60 Il.lldwln Loo 00 CO 00 0 Cam Iron u .. Con Tr S J . . f7 1 2IOLIeo Storage 60 65 60 1 220L'rlo 21 21 21 loolntMMpf. HI ri XI 2 63 Ins Co N A. 2514 2.1 2.1 lOKuntio Cop. 40 40 40 Key Tel Co. .. .. fll Key T Co pf . . .. 0.1 .. 010 Lk Sup Corp 10 15 10 1 Lehigh Nav. .. .. t74 .. 1.8 Leh Valley., at 00 60 .. 10 Mldvalo .... 40 40 4914 10 Nor Pacific 100 100 100 C70 Penna R R 52 61 62 75 Phlla Co rum pf . . 30 30 SO 05 Phlla Kieo 20 ' 28 28 ., 101 P HI trctfs 20 38 28 .. 15 Phlla Tract. 71 71 74 10 Rep Ir & St 80 80 80 2 481 Reading ... 81 ?t,y iit 2 10 So Pacific. ot 0114 01 Tonopali He ,. .. 104 ,, 200 Tonopah Mln 0 oy, um ,. lnlnloii Pao 128 12814 128 .13 Union Trne. 43 43 43 iu nan uopper 04 ot 337 U C, I 711 70 2 l n Cos N J 200 200 10020 U S Steel 40 do prof. . 108 100 1)4 14 70 00 108 .110 110 110 1 -t2 14 10 3 10 IT S Rubber. 60 n Warw I & S . . .IRWcstmor C. 7.1 73 2 York Ry pf . .10 30 69 to .. 73 '4 30 II 00 09 09 100 00.80 Net clifje. Tiilul Mile, 13,30.1 tdmrps. rmnp.ireil with .873 Mum' SPfcterilnvi tinm fur l!il ttM.Lv 30 517 fh.iri'f: H.imp period last week, 15,1.12 Mi.irp. tYcsterday's closing quotation WINDS UlRh. Low sionocon tn.i r.s ou 3000 city 4a 1310 00 , 6000 do 19153 00- aooo. Kieo & Peop . Tr 4s ... 70 lOOOIlaruood LI Os 100 2.10.10 Lib Iionds. 09.08 5000 Penna Co Close. 09 00 00 70 100 09.00 .00 ctfs 7000 temp 414s ... do temp cts 4',-s, 2000 Phlla Co cons Cs . 10.100 Phlla Klec 1st 6s .. 92 02 92 93 80 .100 92 80 100 03 80 100 Tetiil Kilei. J71..1.10. rompnrpil with JII2.630 jeMorimji lima far thin week, Slh2..'0 fc.11110 Period last Meek. $101,830, Local Bid and Asked American Stores Il.lldwln Ilrlll J O llurtalii iz Susq tr otto. do pref i:ieitrto Stornirn . General Asphult .... do prrf Kejstono Telephone .. do tr ctfs Lake riunerlor Corp . lvehieh Navigation . . . I.elilKh Valley Lrhlsh Valley Transit do pref Pi nnsylvanla Phlla Klcctrle Phlla Company no o per cent prrr. Today Bid Ask .14 no 1.1 6.1 r.n r.nvi 17 ns 1114 os HI14 T4 oi,4 23 43 01'4 ii.l :i2 3.1 iiu'l 20 id 62 67 10 00 12 IS 1014? 71 (itli v. 88T4 35 31 Yesterday Aek llld 61P4 15 6.1 no 17 ns 11 ii.i iJVi GO 21 13 61 k 2S .'1314 81 3' 67 20 67 62 B.1'4 10 00 12 OS 30 flow 45 51J4 20' 34 Va il I do (1 percent pref... 3.1'i SOU 3.14 30'i Phlla II -T tr ctfs 1-04 30 i-uU 2114 Ileadinir .'. btVy SPi 7iVj 78J Tonoiah Ilelmont ... 14 4 4u as' Tonopah lllnlns 05 n'i (jl; r,W Union Traction 434 44 43j 44 I'niii.ii if.tn linn ill . . . . ITnlted Stiitea yteel.. YorK Hallway da prer Wm Cramp fc Hon? . i 10SV4 1 1 3.1'i ,- 108S 10114 14 11 3(14 3.114 73 70 711- 10.1J 14 311 CHICAGO BUTTER AND EGGS CHICAGO Sept. 10 KGGS Ileoelpts 10.740 rases. Firsts, 37V4f37?4c; ordinary firsts. 31Vi tiO?4C: inlsLPllHiieous. iw-h returned. 34ff78rte: do. cases Iprluded. 3,15J37c; dirties, 2834cr checks. 21031c: extras, (liters, 41Vic; cartons, 41"4 r. HUTTnn rteceipts. l.OOt.000 pounds Extras. 43e: ixtrn Orsts, 42V4c. firsts. 41&41V4C: sec onds, SSiwlO'fcc; extras to crocers, prints, 4(!ci tubs, 45c; packing stock. 43c MONEY MARKET WORKING FIRMER HERE COMMERCIAL PAPER HAS .PREFERENCE More Stocks Trading on Philadelphia Exchange PrjCe8 Generally Move Over a Wider Range Changes in Arbitrage Issues Largest The money market In thla city Is firmer. This Is as expected In view of the approach of tho next Liberty Loan. Call loans hero aro working firmer, with tho Indications that banks aro closely loaned up In this direction, or at least as much ns thoy want nt this time, A preference for commercial paper Is also being- shown ns against col lateral loans. This Is duo to tho fact that tho paper can bo tnken to tho Federal Re servo Dank and rcdlscounted, or money can ba gotten In the form of loans. With most of tha banks tha regular rato for tlmo loans Is B per cent, although regular customers can get thirty-day accommodation at B per cent. Thora waa ono development In tha trad ing on the Philadelphia Stock Kxchango In the live-hour session today which made for moro cheerfulness among, traders, and this was the fact that the list was broader than tho previous two days of the week. Tho operations In the Individual Issues, however, did not reach large proportions and even United States Steel common did not come up to Its usual total. By mid afternoon thcro had been twenty-six Btocks and eight bonds quoted on tho tape. The Philadelphia Rapid Transit ftnauu meeting waa routine, as had been exptdtt The company's certificates did very Utu on Change. Until lato In the session. 100 had sold and tho price was uncliaarM but later In tho afternoon five mora S.J1 out with a fractional advance. For Aura,! ) the company's gross earning. -. ..... 1 080, as compared with (2.149,836, ii ,K 4 net amounted to $1,031,714. against ' J amounted to J4.874.074. against Ukunl In 1916; net J2.039.633. against ; JUlY'li, Except In a few Issues the price charV.. wcro small, although It was a notleeaw! fact that prices moved over a wider iTn,. than on tho previous two days of tha .V taking It all in all. It was left totha arbttrago issues to have the wldt ." ment, as they wcro more under the lhfin.r.T 'B of operations in Wall street United Sutii Steel commo by lato afternoon had an ad. $ .uuuu v4 ui:... o jjuiui., uim mo same thm true of Heading and Kepublto Iron anl Steel. Lake Superior Corporation galnej a full point. WAR-ORDER STOCKS ARE ACTIVE AND STRONG ON NEW YORK CURB 1 NEW YOniv, Sept. 19. Thero was a general broadening In tho trading In outsldo securities, and it wn called by soma of the actlvo brokers a Liberty Loan market because of thl bollef that tho vigorous buying was based on easier money conditions In connec tion irlth financing tho new loan. War-order stocks wcro actlvo and strong, with Submarlno Boat advancing to 19. "Wright-Martin moved up from 8 to 07s, Curtiss Acroplano from 40 to 414 and Butterworth-Judson from 50 to 53. Tho motor t.toclw shared In this movement, Chevrolet advancing from 63 to 72. A new feature was tho Initial trading In Olllett Razor, which sold at 80. Tho mining stocks wero actlvo, with several Issues making substantial gatm Magma was moKt promlnont, advancing from b5 to 50. Butto Copper and Zlns sold nt 8 and 8"8, Big Ledgo nt 1, Acme nt 2 and Nlplsslng at 9U and t Thcro was heavy trading In Bullarda Teak Silver, accompanied by statements INDUSTRIALS BM Air Reduction 81 Aetna, Kxploslves a Am Brit JIfg Am Marconi "'Ht Amer Writ Taper .... 3Vi Canadian Car Co -! Can Car & Fdy pf O'-S Charcoal Iron f'.i Chevrolet Motors ....".. 72 Cratnn 75 Curtl-ss Aeroplane 40 Carwcn Tool OVa Carbon Steel 80 Kmrrson Phonograph .. Federal Dyo f Hendeo Mfg 20 Kathodlon Iironzo pf .. Mi I.ako Torp lloat Ms Lehigh Coal Sales 7.1 Lima Loco 65 Maxim Munitions ...... Ti Marlln Arms 115 N" Y Shipbuilding 40 Xor Amer Tap Pulp.... 3 Otis Elevator 0 Peerless Motor It Poolo Km? 7.1 Iledden Truck 13 Scrlpps-Booth 18 Standard Motors BVa Steel Allgys 7 Submarine l&Vi St Joseph Lead 1CIJ4 Todd Shipbuilding 7.1 Trlanglo Film ,1V United Profit Sharing... Vi U S Steamship 4 United Motors :. 18 World's Film .-r - Wright-Martin Air 0 Zinc Concent . . 14 3 34 Ms 104 Yes. close. Ask (Sale) ao fit r. 10 2T' .. 3 "30 08 8 73 83 43 10 Va 00 OV 10 30 LMs B'i RO 58 1 115 43 814 65 13 82 15 1 110 3W 0 71a 10 1714 HO 1 414 10 rV, 214 177S 17 41, STANDAItn OH, STOCKS Illinois 213 2" Ohio 340 31.1 Prairie Plpu 203 208 Stand Oil of California. .240 343 ttancl Oil of New Jersey. 530 010 btand Oil of New York. 203 308 ini)kim:ni)KNt oil stocks nnrnctt Oil & Gns 14 1 Cosdcn & Co OK, 04 Elk Basin 0 V4 Federal Oil 3V 4 Inter Petrol 131ft 1214 Houston Oil 15 18 iletrltt Oil 34 3414 Midwebt Ref 138 140 McJt Petrol 114 1 640 lTi 'oi4 3 1314 33 137 1ft 1114 Ask 17, 10 8i 8T4 ,8 84 0 10 It 1 18 23 T4 ... 20 0 114 li 8 1 Hi 1 1ft 214 4 Ohio Fuel Oklahoma! Ref . . Osngo Hominy . . Rico Oil Sapulpa Ref , . . , Sequoyah Sinclair United West Oil MIXING STOCKS a. Alaska Standard Atlanta Big Ledge .' Blabco Cepper (a pros) Butto Copper & Zinc... Butto New York Cal & Jeromo Con Ariz 1-mma Consolidated First National .... GoldMold Merger . Ooldfleld Con3 40 Goldlleld Florence 13 Ooldfleld Kewanas I) Green Monster Ilecla Mining 8 Hovvo Sound s Independence Lead .... o Jerome Verdo 114 Jumbo Extension 23 Mngnato Copper 13-10 McKlntpy Darragh 70 MarrmaCopper 4014 Mother Lodo 3.1 Mines Co of America. . . . 114 Xmnda Hills 15 Nlplsslng .....' o',i Ohio Copper 1 Ray Hercules 314 San Toy 13 Stewart 0-32 5-16 Tonopah Extension .. 113-16 115-16 United Verde 30 West End Con 64 Whlto Oaks 3 Whlto Cap3 '.... Hi Yerlngton 10 bond's Bethlehem Cs 08 Cosdon Oil Cs ......... DO Cosden & Co 6s 01 Cudahy Es OJ Russian Government 5',4s 67 Russian Government 614s 77 Sinclair Oil 6s 03 Todd Shipbuilding 6s.... 100 103 Western- Pacific Bs 100 100 Bethlehem pref 1034 103 Gillette Razor 38 80 25 11 1 8T4 114 2 2H 1ft 3 0 45 17 11 8 8 10 l?4 24 13-16 75 50K 37 1H 20 0 114 3?i 14 36H -. 08 (I is.!! 21 J1 0814 03 .. 91 07 69 70 71 Brown Brothers & Co. Fouirni and CircsTNvr Streets rnii.Anrn.riiiA High-Grade Investment Securities Upon request we shall be glad to enter on our mailing list the names of investors who desire tq receive regu larly our security offerings. Investors will be furnished with Descriptive Circulars any time upon application. HFECIAI. NOTICES NOTICE to all optical men and women who examine eyes in Pennsylvania: Tha law rjulra you to take an examination before ths Hoard of Optometrlcal Education. Examination and Licensure, of tha Common! wealth of Pennsylvania. If you wish T con tinue In the practice. Full particulars mailed to you upon application to the Hecretary. Chester 11. Johnson. 44 W Market Bt,. York, l'a., or to any of the following- members of thi ltoard: 3.V. Nelll. Jr.. 2744 ff. m If" Phl'la! delphla-. D. F. Mulhern. Penn and 6th Bis. Pltteburihi 8. C. Cheaamaii. 400 Federal Bt Plltsburihj L M. Phillips. Altoonas J. E. Silas Bcranton. PIBKCTOKY Or ACCOUNTANTS Certified Tublle Aeeepmtaata WRjeNCU K. 11HOWN H&2 111 IjCAJU jtattA'l'M 'fKUair U CO. umiMsa WationalBankof Garanierce in New5fo-rk Ttenonrces Loans and Discounts $242,940,542.18 U. S. Bonds Borrowed 1,480,000.00 u.s. icrtiticatcs 01 indebted ness Other Bonds, Securities, etc. Banking House Due from Banks and Bankers Cash, Exchanges and due from Federal Reserve Bank Customers Liability under setters ot Credit, Accep- tanccs, etc. 39,646,874.13 Interest Accrued 991,615.98 Organized 1839 STATEMENT OF CONDITION SEPTEMBER 11TH. 1917 Linbllitiea Capital, Surplus and Undi vided Profits $45,864,385.99 Deposits 317,544,135.74 Letters of Credit and Acccp. tances 36,613,943.18 Unearned Discount Other Liabilities 10,430,000.00 24,504,979.28 2,000,000.00 11,999,927.78 72,247,424.89 $406,241,364.24 1,498,899.33 4,720,000.00 $406,241,364.24 ieio-r JAMES 8. ALEXANDCR VICm-PKBOtOINTS R. a. HUTCH1NS, Jr. HERBERT P. HOWELL J. HOWARD ARDREY QUY EMERSO! STEVENSON E. Winn JOHN E. ROVENSKY JAMES S. ALEXANDER WILLIAM A. DAY HENRY W. de FOREST FORREST F. BRYBEN OA3HIKH FARIS R. RUSSELL DIHKOTOItB CHARLES E. BUNLAP HERERT P. HOWELL R. Q. HUTCHrNC, Jr. A.W. MCLUNt CHARLES II. RUSSELL VALENTINE P. SNYBER H. . THAYER TUBS. WILLIAMS INDEl'EXnr.NT OIL STOCKS Conttnntd Ts. clow. (Salt) I il H IK 1 i 41 Ml 1A it H 36 ft .AtMaalBaaMMH .'wv,n silk r .- t??lk " dil .-" V . --V
Significant historical Pennsylvania newspapers