) u GVENING LEDGER-PHILADELPHIA, TUESDAY, SEPTEMBER 25, 1917 V FHILADELFHIA ELECTRIC COMPANY FIRST MORTGAGE 5 BONDS ISSS FnEE FROM STATE TAX IN PENNSYLVANIA AND THE COMPANY HAS INOI CATED IT8 PRESENT INTENTION OF PAYING THE NORMAL FED. ERAL INCOME TAX. REILLY, BROCK & CO. HANKERS J06 CHESTNUT ST. ritiLADELrniA E lcc t r i c 13 o n d'& Share Company 6 Preferred Stock Bonbright 6c Company iiorris wistar stroud. Jr. Uiiuitr Ail Chestnut St., Philadelphia Ntw Tork Boiton London Chicago Detroit Farli C.cO.CIariuseo. BANKERS HbeUllleUed mil 321 Chestnut Street Philadelphia WANTED-$25,000 , Corporation doing legitimate, high- class, entirely permanent business not in any way dependent upon war condi tions, capable of rapid and easy expan sion, now earning over 40 per cent upon capital invested, can use services of high-grade man who will invest a minimum of Twenty-five Thousand 'Dollars. Will bear strictest investiga tion. Address A 332, Ledger Office. Morris Brothers Co. Xltabllihed 1JW Bonds for Investment Municipal and Corporation 1421 Chestnut Street I S I L V E R " Sold at (I. OS per ounce Iat week WIN SLOW TAYLOR & CO. I Lord. Court Dldr. 438 Wldcner nidi ...... ! nro.d 3202 i n 1 1 nroi flflll.l.t.tnt.la. AViilnnt flSRfl J Suppose you buy 100 Shares of Stock qWhat becomee of your order after you give It to your broker? qDo you realize that your order goea through, more, than 100 operation before It become, a completed tranaac ton? It is an interesting process with several elementary steps that you should know. "The Course of an Order" is the title of a booklet that tells in an interesting way the course of your order to buy or sell stock from the time you give it until it is executed. Send for it. Aak for 87S-T.U. JONES & BAKER STOCK nnOKKRS Widener Bldg., Philadelphia Kelt. Walnut 1 650 1. Keystone, Race. 2200. Naar York Ho. ton Cblraif Pltttbargh Dirtcl PrUialt Win: J0.VZ8 BAKER. yMntr Bliq., PMledtlphia, Pa. Tou may send me your booklet entitled Th Court el i Order," S72-T.U. ,d a. . era.,.. . .V , , v; ' " SI -A FINANCIAL NEW NEW YORK AND PHILADELPHIA STOCK QUOTATION! STOCKS ADVANCE IN NEW YORK ON FIXING OF STEEL PRICES Bears Meet Defeat When Traders Learn That Figures Will Not Affect Orders on Books. Railroad Issues Strong NBW YOltK, Sept. 25. The day's ttadlnc; In the Block market ended with a pronounced defeat for those committed to the bear side, vigorous advances In priced belns made In the afternoon, forclnj; urgent covering of shorts, which must have been effected only nt severe losses to the bear traders. This market condition was the direct result of the bear traders. This market condition was the direct result of the definite announcement from Washington that the contracts already on the' hooka of the steel corporations would not he disturbed by the price-fixing announced yester day. This leaves the only products of finished steel affected by this price-Axing at ptesent, that part of the output which Is for Government uses either by the t'nlted States or Allied nations. As the steel companies have moie than 10.000,000 Ions of unfilled orders on their books this means that prices on outside business must remain unchanged for a pood part of the coming year, and Indicates that earnings will be maintained nt about the same range which was reported for the June quarter when the first deductions for war taxes were made. United Stales Steel common sold as low as 111'4 In the first half of Hip da, fiom which It later advanced to 113. and Bethlehem Steel moved In about the same way. ranging from 02- to 05t. The greatest gain for the day was In General Motors, which rose from 98'i to 105. There was special movement In Delaware and Hifdson, which, on a sudden stampede of shotts. rose from 101s to 1054. The railway group became active nnd strong around midday, when St. Paul advanced 3 points unrV gains of around 2 points were made in other railway shares, with Canadian I'aclflcs moving tip 3 points from its low level. There was pronounced improvement In the foreign government issues, French B'is moving up from 96 to 98'i during the forenoon, and Anglo-French 5s were in demand at 927 and 93. with large transactions at Intervals during the day. VIGOROUS BUYING ON NEW YORK CURB Tone Is Improving as Result of Satisfaction Over Prices Fixed by Government NEW YORK. Sept. 25. The finding on the Itroad Street Curb showed an Improvement in tone as a direct result of satisfaction shown over the prices fixed by the Government for Iron and steel products, with the provision maintain ing present contracts in force an important factor In the bull side. It was assumed that this clearly indicated favorable action In oil prices and trade conditions and caused vigorous buving of several of the Independent oil stocks. Merrltt tanged fiom 35 ts to .10 during the first half of the day and .Vorthvvest was actlvelv traded In at 100 to 9Bc. Tux pam Star sold at 1't. Klk Basin at n,. Oklahoma at S- and Midwest Kenning at US and 141. IMlt'STRIAI.K nid Air Reduction 87 Aetna Explosives 5 Am-Brltish Mfg Am Marconi 2 American Writing Paper 2 '4 Canadian Tar Co 20 Can Car & Fdy pief so Charcoal Iron ' Chevrolet Motors 7 7 Cramp 7. Curtlss Aeroplane, . to Carvven Tool 0',4 Carbon Steel so Emerson Phonograph ... Federal I)e 5 Henden Mfg ... ... So Kathodlon BtonZH pref . . !i Lake. Torpedo Boat .... Hi Lehigh Coal Sales 1ft Lima Loco 8 Maxim Munitions I Marlln Anns 115 N V Shlpbuydlne 40 Nor Amer Pap Pulp .... 3y Otis Elevator 4s Teerless Motor II Poole Eng , . . . in Redden Truck 1 Seripps Booth is S S Kresge w I SO Standard Motors ........ s Steel Alloys 7 Submarine I St Joseph Lead Is Todd Shipbuilding 75 Triangle Film Hk t'nlted Profit Sharing . . , I' S Steamship 4 United Motors 51 U World's Film Wright-Martin Air 8V4 Zinc Concent I STANDARD Oil. STOCKS Illinois 213 220 Ohio 340 Prairie Pipe 285 Stand Oil of California. .240 Stand Oil of New Jersey. 330 Stand Oil of New York. .370 Ve. rloa. Auk ISal.l 91 5 Si I :h .10 115 8i SO S3 41 10 V, 00 Vi to 30 4 5--J4 18 5 lis 120 III 3',, 53 13 SO 15 00 9 1V4 10 IH'i SO nt in 8 2 V. no 711 41 ini M 8 o 7 14 15 1814 4',i 30 H 345 21)3 245 .143 274 210 INDKPKNimNT OIL STOCKS Barnett Oil & Gas. Cobden & Co Elk Basin Federal Oil Inter Petrol Houston Oil Merrltt Oil Midwest Bef Met Petrol Ohio Fuel Oklahoma Ref Osage Hominy Rice Oil Sapulpa Ref Senuoah Sinclair . . United West Oil.. . . Hi .. fl'.A .. V4 . . Hi . . 12?. . . 13 . . S.1 ..141 .. 1 .. 17 .. .. V4 Vfc .. 10 tl IS 1T4 ns o 4'.4 12 IS 30 14R Ira 10 "4 " Vi I0H I 32 ITi 9 4 114 3d 143 1 V 14 10 1 MINING STOCKS Alaska Standard Atlanta Big Ledge Bisbee Coppar (a pros). Butte Copper & Zinc . . Butte New York Calumet & Jerome Con Ariz Emma Consol First National Goldfleld Merger Goldfleld Cons Goldfleld Florence Goldfleld Kewanas . . . , Green Monster Hecla Mining Howe Sound Independence Lead Jerome Verde Jumbo Extension Magnate Copper McKlnley-Darragh .... Magma Copper Mother Lbde Nevada Hill Nlplsslng Ohio Copper Ray Hercules San Toy Stewart Tonopah Extension .... United Verde West End Con ........ White Oaks .......... While Caps Yerlng-ton .. . .. 20 10 114 Vt 3V4 4 40 10 9 5 a 114 .20 4 fl 5IH 30 IS Vi I SH 14 0-32 114 . ss 70 3 l4 20 23 11 1 9 1 3 Mi SV4 lA s (i 43 15 12 v Ma 614 10 I. 23 T4 73 62 H 35 17 OH 114 3i 1 A 37 . 74 in 21 20 14 114 514 V4 2rt "ll II Ml 1 37 14 Hi 1 noNns Bethlehem 5a 7 Cbsden Oil 6 to Cosden A Co 6s 91 Cudahy E Russian Govern 6 Vi. RuMlan Govern 14. Southern Railway 6a. Sinclair Oil (a Tatkl Shipbuilding B X? I'acinc is. , tN9eWt joreferr.e . . 94 . . T . 93 .14 Ml BSli 02 93 91 79 39 IK m ' WtK 21 78 'j. New York Bond Sales I300O Vd-ims i:Tpre 4 soon Albany ft Suq 3la lM0O Anlo-Krnch 5 7cm0() Am rorelun Seo B. (WOO Am melt t Ref 5a innn Am Tel clt ta 103000 do n . inoo Am Thread 4. inon Am Writing Paper ns 40CX) Armour Co 4'4. 2000 Atchlnon gen 4. .. Jiooo At) Chan 5., ... f.noo Unit & Ohio i'.in niioiil do n ... 3000 An U .... 1.VMI0 do cv 4' luno 11 A O ! I,K & WV 1T0O0 Hrik n T 5a 1IMK .lono can l?ot Tm 1021.. mono do n inao 190011 do ia 1031 aOOO Chill -opper 7e innno Cha ft Ohio conv Ra tnoo Chi ft Alton 3'4a 1000 Chi N'wn S V Hs. 40(100 Chi II ft Q joint 4a 1000 Chi 1n1 & West 4a soon r M ft PtP sen 4a ': 300(1 do dl" 4n . . 200(1 do rfd I'll 1700(1 do m 400(1 ("M n I ft P rfd 4i onmi Col lnduatrlal Ba . . 30000 City nf Paris 0a 300(1 -ol F ft 1 sen Bs JV00O Con On a conv fia 3000 ten ft nio I5r 4a 1000 IDs Hei Com 5a ItL'ono Krenth Itep Rlja HlKh 7J. 75". 03 IK1' II? SOS 07 07'. S44 RUS . SO n' no'4 . "0i . S3. 3 4 7R 07T . 05 . 04 . 03 .114 . 83?, . 42 10(1 01J 0(1 S 2S HI . 7I"'i . 7(1'. . X3 . 7'A . . 7H'4 ni . SO 100'. 07 . . 7B4 . . 07i 23000 Grnnby Mln Co ata fl. 102 iiMin 0:0 tia 111 J 3000 Hud ft Man rfd 5s .. 30 inoo Hock Val 4'ns R2 lOni) 111 Central la 414 22O0O Interb It T rer 5 . R7. .'5000 Lacka Pleel 5 mo p'i 4000 I A Shore deh 4a 102R PO'j 2000 Ixjllla ft Saab SRU I230OO0 Mb llnnil n I 3V4 100 Moon r.vona n 0'i, 7000 Mnralt (1 . . . 03S 1000 Minn ft SI I. 4a 47'ii innn Jio Kan ft T 1i 4a :. -000 Met West of Clil ,-,a Rn'i 010011 Mo Par Ren 4a 57 1000 Montana Tower 5 O.V 2000(1 n- r r ft h fl no 2000 do 4a . Rl' .1000 . Y City 4a tB.7 04', 1000 N V Cltv 4ita 10I3 102'J 37000 N Y Ilwy 5a 2.1 2300(1 N V Tel Ken 4,a . 02'1 2000 N Y W C ft 11 4', a 30' 5000 Pacific Oaa ., . . S4 nnno Pnn aen cf 4'tb . 03, 500 do 4'ja 1021 . . Oil 1000 Public Service N J 5a RO'i 1000 Pere Marquette 5a. R2S 3000 Headlne Ben 4a ... sn', 20000 Itepub Cuba 5a 1014 II" 500(1 St I, S F In . .',;, r.OOO do njt . 30'n 31000 do Sei A . . BS", 3000 st Louis Swn 5a. 01 noon s a ft Aran P 1st 4 01 22000 Seaboard A I. adj 5a . Ro 1000 South Hell 5. . 5ii 1000 South Par cv 4s . M 1050O do cv . 03'J lonno do rM is . . S4 2000 South Rny qcn 4 1000 Term Aaan St I, 5a 05 2R000 Teiaa Co Ra 101". 2000 Third Ave Jj p.4 1(00 Tol SI 1. W l . 4Rb 1000 U S Rubber 5a . SJH 50000 do Oa .. 101 'i 3000 I" 8 S ft II fia ... 103U P1000 tl S Steel S F 5a 100 7000 Union Tar lat 4a . . Rn'i 04000 fn rtvvvs SPH equlv. 3R 1500(1 U K of O n ft I 5a snnn do 5Vaa 101a Ofionti do 5U a 1919 242000 do ti'is new 1010 120000 do Blia 1021 2000 Va Rw ya Ba . IR00O Weat Shore 4a s; no", n.-t, OB'i 94 B2'i RO l.OTP 07', 7'V' 02i 05 112 Wi no1 07' S4V4 80S SO mi', lio'i R3'i S3 7RJ. H7'4 04J4 04 04. 114 R2i 42 100 95U R4 70 70'. S3 ??u 01 4 SO io; 07T. 73 H OfiS 102 102 50 82 44", R7', S3 !IOI, RR14 00.00 93Ha 3 17', 05 SO', 50 03'i nsjj Sits 04't 102 'a nl", r.n', R4 H31. RR'i R2S no's 5(1 5R, 01 01 50 PV-i Rl'i OB'a Rt 04 ' 05 10i, 04 4SV, toil? JO.lC OH?, RdU .17 07'4 nn; no ns4 02H 80 3 00 p m 07', 75J. II2' OS 02 RHS 07 07U R4U ROS SO 00 1104 iin R34 S3 7R 07'4 05 ni' 113 114 S3", 12 100 ll.-.'l Ofl'-i H4 70 70'4 R3 117 S 7Rly lll'J RK lon'i 07 75'4 07i 102 102 50 R2 44i R7S (13 novj RRI4 100 03", 03, 17'. 115 RI1', 57 03, tlRV Rl'l 4li 1021, 23 02 ', nii, '84 I3, no 80', R2S R 117 52; 501. BR! 01 01 50 05 81 i 0514 St .- O'i mi 4 i;t 4S R2'i 10114 )03V5 100 R0'4 3R 07 nn 05 nnij 04 92 RO INACTIVE NEW YORK STOCKS Following are quotations for Inactive New York Blocks and In which there were no transactions yesterday. The price given Is the last previous sale. Mich Cent u Morris ft E,x . lsn do pref ,1 fl MnnPar.0"f d ' B "H M.J?.' JJ""' 80 v2?itcV0V. p'-.iok atl ClOalC Jt- Kill. 4412 !:.. do n,.f ".A? 'i! N .tfri.n 115 23 S.V4 08 5 102 191 Adama Eipreaa . Advance Rum or Allla-Chalm pref Am Art chem do. pref Am Beet HJS, A B 8 ft. P tj" do ctfs pref do pref Am Cotton Oil Am KJPreaa . . Am Ice Sec Am Smelt A. . Am SurnVti--pref JJ . ti jt. i:aoie "" "i" vl i j ...m 3J iJf tS.n"'" 8 Pf 90S SYni",',?". yj&r?nrc Norf ft South iorin amer . 40 24 52 87 03 90 ' t.'ii"-..r o-iii ;;."" ct1" rn 1. n iiici fell wwsni nni Am Zinc ft L P' . 5 Ohio Oaa rta.. t'1.1 n n lt Dref S3 . Pan-Am p.. ?"" 'A,t : . filH do DriorVe S S',' km. h feas -i fin tietn i" v Beth Steel vt . Rrkn Un Oaa Brown Shoo Buttarlck Cal ft 80 I"1 ' Cent Fd Co. .. Cent 3 Am Tal CM ft. Alton... CMftNW..r.r 95 105 . 71 10 50 37 . "3'i 1WH r.Tt-P.aWv vt 1?0 Col ctuum Jo u, CompTab p--1gj1 n.n Oaa . ";' X"": C.n " Cont Can oraf . Continental lna Cuba. Atn Sujar do pref " P '?..?i.,'-' .125 SySt.r at...l14 Gi-"-Svvf't 8 K.-imin Coro . s II."-- Vm . 101 J 02 Mil no 102 too n Pitta Stl pref.'! 9 no prof . . . ;glZ Preaa Stl Car of gnu tjulckallver ,i Quicksilver nre'f '. J! 5J'. Stl, Spe pf. 9R4 do 2d nraf . S8 Rep I ft s pref .loStf SavArma 7s So P Rico S . 207 Hear Ilneh'lc pf..i?i Standard illlllnr. Sn do pref 1n pref ... at Rtudebaker t,ee nn niUli niotOr T ft Wllllama Texas ft Pa. . Texas rts ... TIiIib,.- nil -.v-,, wii ..SUA Tobacco Prod pf. .too r at I. A w .. 4 TSt L A Wetfa. 10 do ctfa 14U do pref jo Twin City Rpd.. 81 Un Baa; P .9 Jn Bar ft P new 74 Unttett Druic . 72 tin nrua: 2d pf. 80 . 41 . 42 . Iff . 19 .SOS ttavana Eleo . ";., tin CUar 8 pf..H3 IlSmeatake Mln 107 Underwood Tye 99 int narv ?'f tilti do-N J. PtV JilJJ int Nl'kl 10Jj Iowa, Cent A nr.f . . .101 . a nref Jewel Tea. Jt nr.f Kan City 80 P' 35 SO Keok ft n H .... Vt TacledeOaa T 1,l M T 200 Lons lal ctfa praf 40 Lorlllard P 203 do pref 10914 MBtrftSBM pref .117 Mackay Cob pf t)3 Manhattan Beach 1 Manhattan Blv. .113 Max Mot lat pf RSH May Dep ata pr.IOS Met Tet pref . 93 do nraf 114 United .Dre. Wood, Its ' do pre . . . saL4 Un Paper Bd. .. 25 U S C I P ft r pf 50 11 8 8ft It pref. . 49 tl 8 Bipreaa . , is U 8 Ind.Alen pf 102 U 8 Realty imp.. 1B4 do pref bo Utan Deo 15 V Car Ch lat f 51 ,Vell,-H'aro , no Weatb'ae, lat rf . 7 Weat Pan R n nu Wheel ft I. E 12 Wllann Co pf.,, tna Woolworth pf .,122 WlllyaOverl'd pf, vo do prf 41 NEW YORK STOCK SALES Utah. Advance Rutnely . It Alaska Old M 414 Allls-Chalmcrs Co. so Am Beet Sugar. . . 88 American Can..., 41 Am Car A Fdy Co. 73 Am Int Corp 53V4 Am Hide and Lea. I? "4 do pref K9 Am Ice 8eo pref. . 48 Am Linseed 3311 do pref flO'4 Am Locomotive... 0114 do pref ...., 101 K Am Malt 1.1 do pref AS Am Smeltlmr 103 Am Sum Tob...'. . B9V4 Am Steel Fdy. . . . fl Am Sugar 113 Am Tel ft Tel 11914 Am Tobacco 197 Am Wool 48 Am Writ Pap pref 33 Atn Zinc & Lead. . 1814 Anaconda 73 Atchison 98 Atlantic Coast L 109 Atlantic G ft W I 101 Baldwin Loco Co. 31i do pref 101 Bslto ft Ohio H8U do pref 0714 Barrett Co pf ... lfl Batopllas Mining . Hi do B 17314 Brooklyn R T . 11 Burns Bros . .. Ifll Hutlo & Sup .Cop . 2(1 Cal Petroleum. . 177a do pref . 44 Canadian Pacific 1.1.1'i Cal Packing Co . . 30 Central Leather . . SOU do pref . . . 100 Chandler Molots.. 77-14 Chera ft Ohio . . . 67 Chi Great Western 10 do pref 39 Chicago M ft St P 0114 do pref 103 Chic ft Northwest. 100 Chic R 1 ft P t c. 3814 do (i p c pf t 0. 54'4 do 7 p c pf t c. 0114 Chill Copper . . 10 Cblno Con Copper. 33 Col Fuel ft Iron. Col Gas ft Elec. . Consol Gas . . Corn Products. . do pref. Ctttclhle Steel.. do pief. 47 , 411, 104 . 3114 . 084 15 0314 Cuba Cane Sugar 34 do pref.. Mi Del ft Hudson.. . liMi P L ft W 10014 Denvet ft R G.. 714 do pief 14 Distill Securities . sty. Great Northern pr.tOB do Ore sub . . . 35T Greene Con Cop .. 4314 Gulf Stale Steel . .103 Haskell ft Barker. 30 Illinois Central Int Agrl do pr lnsplr Copper . . . Interb-Cons Corp do pr Erie do 1st pref . . do 2d pref . . Klk Horn Fuel . . Gaston Williams. Gen Elec Co General Motors . do pref Goodrich B F . . . Granby Mining.. Int Mer Marine. do pref I0ITJ, .1114 . 4314 . 3214. 0 . 33 ',4 . 33 V4 . 32 Vi . 241', . 28 . 38 .148 .101 . 83T' . I14 . 82 . 301. HO 1i International Paper 31 'd do sta . . . . 03 Int Nickel . 31 t. Kansas City So .. 10 Kennecott Cop ... 411', Lack Steel 80 Lake Erie ft W... 134 do pref 27 Thlgh Valley .. 0314 Lon Ruhher ft Tire 1714 Llg ft M Tob its. . T' do pref 10114 LooseWiles Bis "o in Louis & Nash . .12114 Mackny Cos .... 77 Max Motor 3.VV, do 2d pief. . .. 20i May Oept Stores . .12 Mex Petrol 0.V7, Miami Con Cop... 3.7,l, Minn ft St 1. new. 1314 M S P S H St M . loo Mldvale .... 5.1 Mo Kan ft Tex. . 5 do pref 9 Missouri 30 do ctfs 3114 Nat Acme 33 Nat Con Cable . . 28 Nat Bicult pf . . Ilfl Nat Enam ft Stpd 4314 Nat Lead 52 do pref 104 Nevada Con Cop 21 N O Tex ft Mex . . 28 N Y Air Brake .12714 New York Cent . 80 N Y N II ft H .. 2614 N Y Ont & West. 2314 Norf & West . 114 Northern Pacific .102 Ohio Gas 47 Ontario Silver . . 714 Ohio Fuel 4814 Pacific Mall 37 Penna R R 531', PeoGas&C Pere Marciette v, 1 1.114, Phlla Co 3d 14 Petti Mulll Co. 38", do 1st pref. . . . flO',4 Pills Coal 537, do ctfs . 81', Pressed Stl Car pf 4'4 Pullman Pal Car. 110 Ry Steel Spg 4714 Reading 85 Rep I ft S 85 Low. 12 414 33 8614 43 73 51 1314 3814 18 2414 8014 0314 101 12 514 10014 3714 88 113 11814 193 18 32 11 72 9714 too 9 1 14 Al 0914 87 14 A714 ion 1 02 Al 07 34 1714 14 130 30 8114 100 70 37 10 28 5814 102 108 2014 53 Vi A3 181, S34 451, 41 103 29 08 73 03 .13 8t 101 ion 14 30 103 3.1 43 1. I 3.114 lolli 1414 43 30 Tl 5314 2l"i4 3114 24 27 3814 110 98 V, 8314 1.1 81 28 8014 30 A3 31 1014 11 811, 121, 37 3 17 1i 10.1 in 120 77 34 20 03 03 3.1 14 100 31.14 5 fl 20 .10 32 4 38 llfi 4314 51 104 211', 361', 137 78. 20 i. lis iot 40 A 48 37 32 03 11 30 28 39 14 .1114 38 83 110 47 831', 83 Cloae 12 1 25 80 4314 72 33 13 V, 3814 48 35 60 A3 101 13 8814 101 58 A8 113 119 t97 48 32 18 73 9714 100 101 64 90 A8 67 106 1 03 m 101 2314 1714 44 131 39 83 100 77 37 10 28 nor. 10314 106 28 34 6314 10 521', 46 41 103 3 1 14 08 74 0.7 33 84 104 ion 7-V, 14 31 10,1 33 13 103 :ir, 101 14 43 3114 9 53 23 32 241', 28 384 118 102 83 16 81 201', 88 31 ns 3 111 10 4114 8.1 1', 13!, 'ft 02 1714 1113 in 123 35 VQV, 52 n.i 31 1314 too 52 ,1 9 291', 3P4 33 28 lift 4.1 62 104 21 28 127 79 26 22 114 101 17 n 48 27 5214 on 15 30 28 00 53 8A4 6.1 110 47 83 81 Net ChRH -I 4 114 1 "4 114 I 14 ' 1 1 2 14 r- 3 1 '4 4 3 1 14 ' - I 1 -1414 1 1 t- 4 1 4 4- 114 14 1 f- 4- 14 I 14 t -3 14 14 I 14 1 n a 3 14 1 I 11 3 r- 14 - 1 f 2 t 1-114 4 "4 1 14 H V 4-1 14 4 3 2 ' I 1- n 74 1 1 1 4 14 14 14 1 '4 f- 14 t 114 1 14 1 1 I 1 14 lllch. 14 16 29 12 27 169 21 lidtf 13 Iff 29 1114 28 138 21 88 02 46 100 37 A3 4A 36 15 166 20 7014 48 130 77 44 117 ! 16 17 139 6014 103 A6 111 11814 93 38 89 1014 4814 2514 1114 2114 89 46 122 84 26 63 26 Wis Central 48 44 Rx dividend Comp Tob Rer Co, of N .1. l'i : R.ndlniT 2d pref, . Snxon Motois . St 1, ft 8 V w I. St L ft S W. . . Seaboard A L . . do pref . . Sears. Roebuck . Shattuck Arlx . Sloss-Sheff S&l pf 88 Southern Pacific. 8314 Sup Steel 48 do 1st pref 100 Southern II R ... 38 do pief 82 Studebaker 48 Sinclair oil 36 Tenn Cop ft Chem 18 Texas Company . . 169 Third Ave R II. . 30 Tobacco Products IS Transue Williams. 44 Union Pacific 133 do pr 18 United Alloy Steel 44 Unl Cigar Stores.. 120 United Ry Invest. 10 do pr 19 US Cast I P ft Fy 1114 U S Ind Alcohol. .142 U S Rubber 61 do 1st pref 10.1 U S Smelt A II... 66 1' S Steel 113 do pref Ill Utah Copper Va Car Chem Va I C ft C. Wabash 9614 38 AO 1014 do pief A 4814 do pref B. West Maryland. . . do 2d pref ... . West Union Tel... Wextlngh Mfg . . . Woolworth ... Worth Pump ft M . Wheel ft L E pf Wilson Co . Willys Overland. 25 18 27 89 471i 12214 33 27 A3 281j Cloae. 13 18 20 12 37 133 21 88 03 46 100 28 62 48 36 15 168 30 72 44 131 78 44 U9 9 18 17 140 60 101 66 112 117 9374 38 60 1014 48 25 13 2774 89 47 122 33 27 02 28 46 1, Int Harv Net rhire. 1 4 1 4 I 4 1 14 14 114 1 14 3 2 14 I 2 2 114 1 14 174 1 2 1 -t 1 - 14 -3 I '-' 14 2 Sales in Philadelphia A Am Gas 200 Buff ft S t 2 do pief 30 Brill J G ... 2 Cam Iron . . Hi Elec Storage 200 Distil Sec . ' 100 Erie 200 I Jen Motni 080 Lk Sup Colli 75 Lehigh Nav. 90 Lehigh Val 870 Penna R R. II Pa Salt Mfg in Phlla Co... 130 Phlla Kloc . 100 Pits W Va. 223 P R T Ir ctfs loo Phlla Trac. 33.1 Reading . . . 438 Tonopah Bel III) Union Trac. 40 f G I Un Cos N J 9.130 U S Steel. . looW Mai. viand 100 War Ir ft St loo York Ilwy. . tQuritatloti given I Illxh 100 30 36 21 41 57 31 22 10 17 7.1 62 32 Y, 93 3 28 20 29 74 8.1 5 4.7 78 1137, 17V, 8H 36 s yesl Low. 100 60 65 20 44 37 31 22 103 16 7.7 A2V, 62 93 36 28 26 29 74 8314 4 43 77 111 17 R1S 3(1 eida Cloae. 100 60 65 20 44 57 31 22 102 17 75 62 32 92 36 28 26 29 74 85 4 43 78 t208 112 17 Rll 36 's close, Nat che 14 2 -t f 4 ' 1 r2 1 14 V. IKIM1S Net HlKh. Low, Clo". rhjte. 82000 Amer Gas ft Elec 5s... 90 00 90 looo Con Trac N .1 Ks .... 90 09 99 .. 2000 Iviiiit III Gas 5s 101 101 104 1000 Interstate Ilwys is.. 33 33 S3 I 110.10 Lib B'dT W 100.08 99.80 99.80 ,. 1000 Penna Co cons ltjs 1921 08 08 98 3 1600 Phlla Elec 1st 5s ...100 091', 99 14 1000 Reading gen 4s . ... 89 89 89 2ono Spanish-Am 6s 100 100 100 .. 2000 l'n Rwy lnv Ss 68 68 68 t RAILROAD EARNINGS WHEELING AND LAKE ERIK 1017 Increaae Ansuat BIO" $1,140,057 $107,831 Net 3,14.070 11,639 Elsht months' groaa . . . H.941i,4n.i 250.4KR Net 1.003.00(1 3S3.63S CANADIAN PACIFIC Thlld week September . $2,004,00(1 $105,000 DENVER AND RIO CRANDR Thlld week September . $010,400 $39 ROO From January 1 10.737,237 2.2R0 057 BUFFALO. ROCHESTER AND PITTSBURGH Third week September . 330.781 UNION TACIFIC Amtu.it crnaa $11,273,361 Net 3.4R3.081 Blent monthv groaa . so, 720 .147 Net Auauat nrnis Net . . . Elirht months' groaa Net Decrease. 0 048,751 ATCHISON ,$14,431,301 4.R24.71R . 10H,877.60 . 33591.983 41.422 $389,042 RP1.134 10,007. BOS 154.615 $1,192,439 314 210 15.151,663 .'1.280,100 DIRECTORY OF ACCOUNTANTS Cartllled Public Arconnlanta LAWRENCE E. BROWN ft CO. 1(15 REAL ESTATE TRUST BUILDINO lNVESt'lOATK ft ADJUST PARTNERSHIP. CORPORATION ft DISPUTED ACCOUNTS! DIVIDEND.''. T1IF. PROVIDENT Ml'K AND TRUST COM. 1"AV OF PHILADELPHIA. Philadelphia, Pa. 1A Ninth Month 24th. 1017 At a meelins of tho Hoard of Dlreetora. h-M thla day a Quarterly Dividend of Five (5) ,; tent, was declared, pavabla on Tenth Month lat 1017. to atockholdera of record on the hooka nf tho company at the cloaa of bualneas Ninth Month 24th. 1917. Checks for dlvldenda will be. mailed, unleaa other directions ahall buve been Wed with the company. Been iuu WAIjT1Jll j,on,TON Secretary. fr Extra 2 Per Cent by Central Leather NEW YORK. Sept. J5. The Central Leather Company has declared an extra dividend of 2 per cent; and the regular quarterly dividend of 114 per cent on the common stock, both payable November 1. to ItocV Of record October JlV Tir4i, montha ago an extra, dlvldead. of J .pr ent f ljlarel on Oir corflaton 9I9JC ' - The New War Tax Law . The New Law analyzed and reduced to a convenient reference for the busy man We have in press now and ready for final revision 1The New War Tax Bill . annotated and indexed 2 A revised income Jax chart The new law is conveniently arranged for reference. The chart shows how it affects incomes ranging from $2000 to $3,000,000. Requests for this War Tax Literature PE-400 will be placed on file and copies forwarded Ifnme- . ately after the bill Is signed by" President Wilson. The National City Company 3,1- '- " ' 1421 Che.tnut Street, Philadelphia Nw Tork Chicago -, Boaton San FrancUeo Plttaburfh ' V V LOCAL TRADING EXPANDS AND PRICES ARE GENERALLY HIGHER Steel Common Leads Business and Advances After Dr 11 York Railways Earnings Greater 0pll in August Reading was un lit. rn..u... . 31 Virginia gained nearly TW.W W 1 r!!"" Hurler and Vff.W V.jJI """"a rummon ana preferred ... . "w I changed. Erie was "he only rafdeMl selling lower. y riklro.4 itJl Lake Superior CornoraiU- -.. 71 actlie. hut the price advanced h.i ol V The greatest gain recorded here ' "" on a sale of 200 shares of o. .u "t which .., -...I ' ." .ol neral Vm' - a iiiiiniii rn riM m - - -ivuin , trust rertlflcaleit .... ,' "rl9 ThW.1 transactions, while Union Te.0J..""M 1 i-niiatielphla Traction were nnC. n ' Earning. f ih. v ' .7 ,r?..UnchnW. eliowed further Increases in'uV S1' 'I Issued today for Auiri.ai .....-? I The gross for the month was ,i It, I of $6712 over that of August ilV,,lil the net Incomo was S18.051, an. IbJ """fl '- me total balance for A.. ."" J 1 $14,693, a gain of $2101. For iX!"!1 UU tne gross was 774.3S7, an Iner.,.. .7?1" 605. and the net Income wiITmmX.M of last year.' The balance w 1,T,,.!),!' """,!,, A fair amount of business developed on the Philadelphia Slock Exchange today, after II had been dull throughout the fore, noon, and several stocks sold at prices giv ing them substantial gains over the last previous quotations. This renewal of activ ity and higher prices here followed the same course ns was seen In Wall Street, and the same Influences were responsible. Generally the opinion prevailed on the Street that the market was due for Improvement because of the elimination of uncertainty as to what the Government prices on steel and steel products would be, and as a result of the optimistic views of the figures named given by Judge Gary and other high officials of the trade fly far tho largest turnover was In XTnltcd States Steel common, which scored more than a point advance, with sales aggre gating moie than 9000 toward the close of tho day's business. Early In the day It had been off'a trifle. Of the other shares traded In hete, rail roads attracted the most attention. Penn sylvania led the list from point nf activity, outside of Steel, and gained a quarter. Increase of $5952. I Financial Briefs William U. Kurtz, of E. W. Clark ft Co., has been elected a director of the General Asphalt Company to take the place of Wil liam D. Wlnsor, deceased. The New Tork Subtreasury lost $1,104,- 000 to the banks on Monday, making a cash net loss since Friday of $8, 281,000. A private cable to New York from Liver pool says that trading In cotton futures will be resumed on Monday, VeMrlcting only neutrals. INACTIVE PIIILA. STOCKS Following are quotations for Inactive stocks listed on the Philadelphia Stock Ex change and In which thete wen iicp trans actions yesterday. The price given Is the last previous tale; Alliance Ins 20 Nnith Cent 78 do pref . . 96 North Penna . , , 90 Am Gaa war 1 do pref 35 Amer Mill . 9 Phllpa Co cm pf 30 Amer Rwya pref. RO Rwja Gen .... r. Amer Stnrea . 37 Tonopah Mln ... 'J Cambria Steel .131 U h Steel pf . . .116 Cona Trac N J . 71 Weat Coal 73 Oen Aaphalt ... 20 Wm Cramp .... 70 Leh Val Tr 27 W Jer ft S S . 4Ki Lit Droa 24 Ycrk llwjs 14 Mlnehlll ........ 65 CLOSING LIVE STOCK PRlcps . CHICAOO. Sept 25 Hoas n..iJ l head; tomorrow. 17.000 heaS AoihJ!7iJwl higher than jeeierday's averts, iff, ".?"' H W4i. UKiii, fii.nuc H w.v: mixed UtiVlO 1 heavy. $17 8019.16. rmitftll'tSX&QUM. CATTLE Receipts. H.nooJj.j'rL 'i evenly lower. $17 75 " H r .SHEEP R.c.lpta, 28.000 l,..a $12.50, lamba. $1S. ' " wj, i SOUTH OMAHA, Sept. 25. HOoa a L Slow and unevenly lower nuos Reeelpu, SHEEP Recelpta 27 000 head; 25080c lo KANSAS CITY. Sept 25 CATTtw 1 celpta. 80,000 head Slow, 25clTrE--e. I HOOS Receipts. 0000 head. tooTU'n .. SHEEP-RecelptjOOjV?,1, DIVIDENDS DECLARED vveatinanouae Air nrake renl.r ,,. ' of $1.75 a share, payable October !0 to rlii 3 ; In record Ocloher 3 w " I YIM1,.Mt Ctllra ......1-- . rl cent on preferred "rK oc J&V, VZ ' era of record September ;9 " ' " - Anaconda Copper Mining Commnr .. , quarterly of $2 p.r ahare. pivjlr.,"1j' ""l , 20 to holders of record October 20 Irai.A Anaconda Copper Company, nuirt'erlr t it . I ffi"&.rPSiV,b" Nneml"r "n "V,& Granulated Sujjar Unchanged NEW YORK. Sept 25 The reBned to. I gar market lemalned unchanged with it. Ti American, National. Warner and PtnnntJ vania Companies quoting fine granulate) it I' 8.10c. The Federal nnd Arbuckle BrouW f list pi Ices remain unchanged at 8.50c, tl though the former is accepting buslnemt 8 40c The last sale In rpot Cuban itti was ot 6 50c. lMIMIIIIIIIllIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIlllllllllllllllllllllllllllllllllllllllllia Our Widening Circle of business friendship is best shown by the following figures, from statements made the comptroller: DEPOSITS. September 5, 1900 ....$11,471,000 August 25, 1905 15,480,000 September 1, 1910 20,505,001 September 4, 1912 23,967,000 September 12, 1914 25,116,000 September 2, 1915 29,639,841 September 12, 1916 39,163,000 September 11, 1917. . .42,371,000 There are reciprocal advantages between customers and bank, both of high standing. 6 Corn Exchange National Bank PHILADELPHIA Chestnut at Second nilllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllH S li" 3 .: B i 3 i a 'i -. X 'i PHILADELPHIA a city of many miU. factories, elevators, shipyards and diveramed manufacturing industries. "THE WORLD'S GREATEST WORKSHOP." Its many business enterprises five rise to a largely in creasing; number of banking; transactions. Witb bankers, tbe placing of tbeir growing Philadelphia business is naturally an important matter. With our years of experience, large resources and extensive bank connections, we believe that we can serve you to your entire satisfaction and invite yur business. The First National Bank of Philadelphia was the first National Bank chartered in the United States. First National Bank of Philadelphia 315 Chestnut Street RESOURCES. $42,000,000 j V-
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