EVJB25IXU LJBDGBIt-l'lUL.UJJBU'JilA, WEDNESDAY, SElEMBEIl 20, 1917 4 '' 4 rs ... E Lr 4i I ml. ,v . t-i" u ff.T Vtv KEILLY, ROCK CO. BANKERS INVESTMENT SECURITIES GOVERNMENT MUNICIPAL RAILROAD v AND PUBLIC SERVICE CORPORATION BONDS 306 CHESTNUT STREET riiii,iKi.rniA J e.UJ.larK$eo. BANKERS JaJUbltskea JSSIJ 321 Chestnut Street Philadelphia The New War Tax Law Th hw ear mittlyMtd n& reduced Ir nnnual ritrcnct ftr Ike tm.ymtn We hare in press now and ready for final revision 1 The New War Ti Bill annotated and indexed Z Reiited income tax chart The new law ii conveniently arranged for reference. The chart shows how it af fects incomes ranginc from $2,000 to 33,000,000. Requests for thti War Tax Lit erature FJ2-140 will be placed on file and copies forwsrdcd Imme diately after the bill Is signed by President Wilson. TheNationalCity Company 1421 Cheilnut St, Philadelphia New York Chicago San Francisco Boiton Pittsburgh BARNETT OIL & GAS CO. has been deacrlbed by authorltlea as one of the leaders of the Independent oils. With valuable producing- properties. Its own pipe line to the railroad. Its 100 tank cars, a larse refiner) and distribut ing Millions, this company's future Is assured- Regular dividends are being paid at n rate which will Ield approximately 12 upon money Invested now. Wrttc tor latest information and IS vaoe illustrated oooK .Vo. 1 E. H. Clarke Morton R. Alexander (Resident Partner) l'hone 1110 Eunice) Murk i.xrhange Illdr.. 1'hlla., fa. ST William bt Ntw Tork Newark Chlcaco Indianapolis THE HAVILANDARMSTR0NG COMPANY STOCKS BONDS 1418 WALNUT ST. PHILADELPHIA HEW YORK-BOSTON INTERSTATE OIL & REFINING COMPANY 33 PROOUCINS WELLS RUULAJ 9UARTEM.YMVWSMW laWCHMATiaW WM MfjUCBT WE OFFER City of Phila. . 4s Due Jan. 1, 1945 A. B. LEACH & CO. 115 South 4th St. HtTiCIAI, NOTICES JUKKET STBEKT RATIONAL DANK Philadelphia. !., Sept. IS. 181T At a regular meeting or the Board of Direct, t.rs of till Hank, held today. Mr. Henry H. Paul. Jr.. was elected a Director, to nil the vacancy caused by tho death of Mr. Samuel T. I lee liner. ' WILI.IA5I P. SINNETT, Vice President and Cashier. D1TIDKNTHI OFnCB OP TUB C. H OKIHT COMPANY LANI TITf.K HUILIIIMI PIIILADKLl-IIIA. PA. A Heptember 24. loir The Director of Indianapolis Water Marks Securlilrs Campanr have this day declared a rtiulsr semiannual dividend of three and ene. UV (JV4) Per, cent (SS.SO per share "on R55 ITaferrsd Mock of said Company. narahlS ctober 1. 117. to holder of Preferred mock eC record at the close of business (hi day Check I1 b malted. ' . t J I WEAK, jjecretary. tWrKK OP THK V. II. GKIMT COMPANY LANII TITI.B BUILDING , I'HILAUKLt-HIA, PA. September S4. HIT Tho Directors of Keanok Lias Llsut Company kave this day declared a rerul.r quarterly dlvl ewl of an and one-half I1KI per cent (Sl.ffo par aba) on the Preferred! Bioek.tf said Com mot payable October 1, 1811, to holdera of rreterred. Mock of record at the close of buat , thi day; Check will be mailed. C It WHAK. Secretary. uw j1.1!.,,! 'i' in,., ; ', ..', 9 ACCeWKTANTS CilMaH fisfcis A-si FINANCIAL PRICES DECLINE IN NEW YORK WITH TURNOVER OF STOCKS SMALL Jewish Brokers Observe Holiday and Street Suf fers From Absenteeism Movements Variable Throughout Day High Points in Today's Financial News Uusiness tens small on. New York Exchange and prices lower. Jewish holiday cut down attendance of brokers and traders. lVar-ordcr shares retreated on the Cm b. Corn was irregular. Cotton lower. Foreign exchange dull. E. W. Bliss Company declared an UK per cent extra dividend on. the, common stock. Philadelphia Company earnings' statement for Aiiqust ami file months showed gains over corresponding periods of last year. liar sitter was lowci' in Nciv York and London. X12W YORK, Sept. 26 Trading on the Stock Exchange during the day was conducted with vh tually nil the- Jewish members absent from the board, with a similar list of absenteeism on the street generally leaving tho market without tho volume of business which ordinarily has come fiom that clement which has become an Important source of Stock Exchange business. Price mocmcnts all through the day were vailable with declines and ad vances constantly alternating, but with pi Ices at the end of the day showing substantial losses except In ii few specialties Covering of shorts was again a prominent feature of the "buying and was cffcctlvo In causing many of tha up turns after a sharp decline in the first few minutes. As trading progressed more impoi tance seemed to bo attached not only to the prices fixed by tho Gov ernment for commodities and transportation, but a good deal of consideration was demanded by the increased unc.isiness'shovvti h organised labor nt points both on the Atlantic nnd Pacific coasts. Tho money situation was also fou-cd Intci public notice b the futther calling of loans, which was reflected at a film uppearnnco that lefiected at a firm G pet cent rato for call money difring the greater part of the da There were some strong features tho shipping stocks making lgotous ad vances after midday when the ocean tonnage rates were announced, nnd late In tho nfternoon there was lgorous buvtng, on which Distillers Securities lose from 31 , to 34 Reactions, after these advances cocutied In the last hour, bringing those stocks back to jestcrdav's final pi Ices. United States Steel common langcd during the day from 112 to 110, nnd was followed on Us movements by nearly all tho othci industtlals. An lmpoitant featute of the bond maikct was the persistent buying of the Liberty loan at and slightly above par. Foreign Government bonds continued film Ralhvnv and Industrial bonds wcie heavy without special change In prices Steel Prices indicate Good Profits Theie is small basis for complaint ovet the steel pilces fixed b the Govern ment While tho average is sllghtl below that expected in tiude circles, it Is ncvcrthless manifestly fair In fact, steel bars at $58 a ton, shapes at $60 and plates $65 nio not far out of line with tho average of prices on which the United States Steel Corporation earned its fabulous leturn for the first half of 1917. This was about $65 a ton AVhilo tho Steel Corporation, which is self con tained and nnturullv enjovs n much lower i nit product on cost than tho other producers, which aro not Integrated, tho feeling In lmpoitant trade chcles Is that, barring perhaps a ew unfoitunately situated producers, tho Industry can heep on expanding and operating at a profit under tho new schedule. Itecent quotations have been so uttetlj fictltloi s ns to offer no b.islj for comparison with thoso fixed by the President and his advisors. To &ay that tho new p'iees lepiesent a declii.c from n i average of about $110 a ton would bo ridiculous, fot while these quotations have prevailed tho business contracted on tho basis of them has represented but a very small amount of tho aggregate tonuago and has been in cases wheie manufacturers were not covered on theli requirements and could affoid bj tho very natuic of rush rontracts, to pav almost any price for their metal The extent to which Initial estlniules went wtong Is that vvhe-eas the price of'bars and shapes is $2 90 and $3 per hundiedw eight, respectively, $3 50 had beert expected ana in the cases of plates the price of $3 25 compares with about $3.75 The rlce fixed for ore per gross ton Is calculated to .stimulate pro duction, ns tho concession from present ciuotntious Is Insignificant, and the market from now on will be stable. The price of $33 on pig lion compares with recent quotations for some grades as high as $55. It was made pobslblo by a reduction in Conncllsville coke to $6 a ton, as against juices of leccnt date of $15 and more Weakness of U. S. Steel Sinking Fund Bonds Much mIscussIuii has been aroused by the persistent weakness of the Untied States Steel 10-60 ear sinking fund 0 per cent bonds, which vesterdav broke to ' par The explanation is thut thej have been selling too high In comparison with othei Issues of equally high rating The jleld is now a fiat 5 pel cent. The bonds are 73 points below the high of tho veai and 8 points below the tccoid figure attained in 1909. Thej hold a Junior position to the $252,000,000 fifty-year 5 pet cent bonds. Even If the excess profits tax should reduce the earnings' of the Steel Corporation 50 per cent, tho margin of protection would remain large wit ness the fact that last jear all Interest charges of the coiporatlon were earned thirteen times Tho weakness of the Steel Corporation bonds and others of Its type accentuates the unsatisfactory Investment situation, in tho face of which It is difficult to see how the stock market can improve much unless precedent is tevcrwd and fixed rato material follows the speculative issues Last week the number of bonds that registered new low- records was nearly tvviceas great as in stocks, and onl 24 per cent of tho bonds traded In made gains on tho week, as against 64 per cent of the stocks. Another Instance of tho heart-breaking losses frequently suffeied through bond investment Is that of tho Alaska Gold Mines convertibles. Tho A and B bonds of this issue are selling to jleld 1G and 15a pei cent, respectlvtlj They are 42 points below the price nt which the A bonds wcie ffoeied to shatcholders fot subscription and ate at a 50 per cent discount from tho peak reached in 1916. Tho conversion prlvlllego a: $30 a share for the stock Is ' valueless. Very few people were fortunate enough to convert when this was profitable during the period of senseless exploitation of the stock last vear Dividends of Copper Companies Endangered On the bisls of 23V cent copper, the estimated eurnlngs of some of tho largest producers, aftei allow anco for tho excess profits tax, follow. Anaconda, $1C.70 a share, Utuh, $19.90, Kennecott, $8 CO, Inspiration, $9 50: Chlno, $7.S0; Ray, $4 23, and Nevada Consolidated. $3 65. Theso estimates are necessarily genet al. They tndicnte, however, that dividends of companies like Kennecott and Inspiration ma bo endangered, and that Nevada and Chlno may not bo able to continue their generous extras. Of the gioup tho Anaconda rata appears safest. MONEY-LENDING HATES Mm' YOllK Money on call opened at 6 per cent ; high, 6 ; low 4 : last, E ; closed, 5 ; ruling rate, 5 per cent. Notwithstanding the Inferences drawn of the ephemeral character of the 7 per cent rate for call money, which took the Street by surprise on Tuesday afternoon, and th reaction to 24 per cent following after the demand had been full supplied, renewals were made this morning at C per cent for time funds. Six per cent was also freely bid for all maturities up to the end of the year and offerings were very moderate, only an occasional loan being reported. The loan market on good mixed collateral is almost entirely nominal at 6406 per cent for periods up to the end of the year. The highest class of mercantile paper rules at an average of 54 per cent, with business extremely light. PHILADELPHIA Call, 5 per cent; time CW&H per cent Commercial paper, three o four months. E;054 per cent; six months, 5i45i per cent. BANK CLEARINGS Dank clearlnsa today compared with rorre- .nnnHlnr day last twn rearai Phlladerphla 131,004. 33 f4f.8TT.S44 S88.484 46t tlnsitnn 1 9VI.4C-J) w Tork.. CIS etll 151 682 SAT. cas eoi isi gh 337,23 473.VS4.760 :.i.ir - r Asa jt ift"LArt imiUJiaure i.uw" 114 i,iviOi;'i Bt. Louis... 19.407.CU1 18.080. M2 FOREIGN EXGHANGq NKW YOllK, Bept 2 The foreign ex chance market was extremely Inactive and uninteresting; n the early deallnrs today. The nearest approach to a feature was a sUdy tons In francs and sterling. Quotations, were- Demand, sterling checks 4 75 7-16. cables 4 76 7-16 Sixty-day bills nominally 4 72, ninety-day bills 4 70 Franc cables 5 714. checks 5,79 Jre cables 7 74, checks 7,7$. SwUs cables 4,8. checks 4 70. Guilder Cable 4;'. checks 42. Peseta cables 21 checks 23'.; NEWS NEW YORK AND PHILADELPHIA STOCK QUOTATIO New York Bond Sales llleli lllll 07 8K M1U Close 111' 100 III". (17 hV. :,k Ml 117'. I00O Ancln-Prench r.s .'000 Am Hide a, J. Us WOO Am foreign heo 3s rnooo Am lei 8s .(mm Am VV rlt Paper 's -.'iioo Ann Arbor 4s . JOflu Atchison sen 4 Kliin Unit . Ohio ."s. "1IKMI do 4s fOOU do c 44h. "-;. 1000 Chi 11 i, Q Neb 4s. Oj't n.Mv j ji 4. nt 1- no 171B In LG0O llu cv 4. 81 OS liMPO Chi It U IMi 1000 do 4s 1000 Comp Tab Jlo Co 0s 7000 Con (las conv 0s,... 3000 Den & Illo Or 4s. 7 81 .106 . 72 . H7'J . 18VJ .100 2000 IUs Secur Corp 2000 Krle conv 4s He r 11.. 31000 li-rench Itepub ZH' 3000 Hud & Man In fia -wn Indiana Hteel Cs, 300O Iowa Central 8s . 43 7000 Interb It T ref 3s,.;. STU 7000 Inter Sler liar 0a,... 01U 8000 Internl Pnner 0a ...loo 1000 Laclede (las 1st ."is., on intUi Iji if. Shorn fr.11 SIX. YS mi 73?. lOnsOOO Mb llend w I 3. IftO V 100. Ilf iuw jiu lvan 4c r 1st 4s sooo M T I' x- Tr .iu. . 744 74?, 53000 do Us . vai 1000 do 4s SJ 2000 N Y llwy ret 4 B3i 10000 do adj Ea 21 lfcooo Ore Short L ref 4 . 07 2000 I'ao Coast 1st 6s.... U4U 1000 Penna 4s 104A ...... 011 4000 do gen ct 4U .... M3-2 2000 Ileadlng sen 4s... . 8UV4 0000 Itep Ir fc 8 Bs U7i 100(1 Ii I It t 80 4s. 71 lMO do gen 8s 01 S000 8t 1, a. H K alt tie. lilt. 14000 du 4s Her A v I . r.H's 1000 8t lxuls Hirn Ss . 01 sooo Beaboard A L ad) Ds. r.i 4IHSI ao sia 4 4000 Routh Hell 8 4000 Month Pacino 4a 2000 do cv 4 1200O do cv Sa lilt 704 si; (7s 37 80 100 DO vuoo nouin nwr con ds 1000 Third Av-e adj 5s imu jirook uat Tr r,s 1U18. i7'i 3000 Ches a. Ohio 4'4a. 7(11 4100H, do conv 0s,, mi 2000 Chi t, Xnn ills . . 7 U.'lU V.111 II A. U II1ITIE ... . zosoo u v itubber us . 18000 do s f (Is . 7(100 Union Pacific. 1st 4 3000 do cy 4 ,, . 8J0OO V K. of D 1 5s 1)1 M0 do 54 1918 .. 10O00 . do 74 1010 ,,, 21000 do 34 new 10i 80OO do 0V 11)21 1000 IVIIaon Co 1st 0 54003 West Shore is . , . itt Dill US', usn oo Sli New York Stock Sales i l ir 1"! - 2ft4 SSU 85 4214 72 32 U 01 1374 OS 08H 3714 07 110 Net ths Y 9 K. 1H 1 14 2 Y 1V iVt '4 1 3 llieh Alaska (lold .A! In tn, Allls-Chnlmers Co llHi do pief . ... SI Am licet Sugar.. S514 Amcr Can 43 tt r 44 S3 14 MM S3 4J' 72 2W S4 61 13 Vi 07 08 37 Y 07 110 Am Car & Fdy Co 72 M Am Int Corp .... 83 i Am Llnsred . . , I49i Am Locomotive . OS Am Malt . , 14H do prcf i . as Am Smelting , .loo's, Am Sub Tob,. , 3SV4 Am Steel Pdy. .. 07 Am Sugar Ill Am Tel & Tel.. .110 11774 1I8U Am Wool 47T4 477 Am Zinc & Lead pt fl4 31 Anaconda . . .. 12 l Atchison U8 07 Atl Gulf H W I lOIOi 101 Ualdwln Loco 4i OlJi 47 4 84 71r -j 07" loi oili 00 V4 67 ',4 1'4 01 01 ',i d6 pr .... ,0014 00H Unit & Ohio 07V4 03? 07 14 02H llatopllas Mining Hctlt Steel U . . llrookljn It T .. Burns Bros Uutto i'Sup Cop C'al Petroleum Canadian Pacific Central I.cnther CerrQ de I'asco . Chandler Motors . Chesa & Ohio Chicago Gt Wes do pref 01 OlVi 103',4 1014 10IVI 20 20 20 18 18 18 r 181 4 81 31 704 BU(, 10 20 162ni 131 83 8)4 31 32")4 7014 74 .-0"i 8AV4 10 10 20 20 Chicago M (L St P 0014 80V4 8094 do pref. 10214 101V4 1014 1 Chi Hit Pac t C 2814 27V 27 do fl p c pref t c 34 do 7 p c pref t c 014 Chill Copper . 10 614 03 10 81 40 .10 88 0374 .. 10 31 40 10 Chlno Con Copper 82 V4 Pol Gas & Ulec 41 HI Comp Tab Consol Gas Cont Can Corn Products do prcf Crnrlblo Steel 1024 10I4 1024 00 004 0V4 31 104 30 08 71 084 K4 71 nr .13 .14 81 8 1 103V.I 1024 ST 874, 31 13 Cuba Cano bugar 314 do pref 81 103 0 . 34 . 224, 32 J! J84 18 117 101 8J . 31 . 09 . 30 . 43 Del & Hudson Homo Mines Dlstllleis hectles i:rle do 1st prcf do 2d pref . I2lk Horn l'liel Gaston 'Williams Gen Lice Co General Motois Grunbj Jllnlng Gt Nor Ore subs Gulf Mate Steel Haskell S. Haiket Int Agiicul pref Inspiration Cp . lntcrbor-Coiis Coi do prcf Int Met- Matlnc do pref Internl Pnptt do pref stn Int Nickel Kennecott Cop Lick Steel 21 3 J 21 28 38 140 101 l4 3i 21 S84 38 14IIU 101 81 .. 31 00 .10 42 80 81 20 88 -I 30 01 31H, 10 82 100 122 31 20 4 )3 34 14 81 84 00 .10 12 50 0 3.t 287 87 '4 30 01 34 4fl 82 100 .13 20 51 03 34)', 14 'llH 11 1 28 51 32 27 101 44 21 78 21 il 111 5J 101 4 11 fln, 27 52 0( 174 37 37 30 .71 'll 02 140 48 83 82 60T4 to 160 211 02 40 27 62 40 30 13 16 100 81 0 8.1 30(, 80' .10 111 .lll't 41 81 Llg M Tob Co pf 100 Louis el Vash .tiiYi Max Motoi .11 do 2d pr . . 20 Mnj Uept Stores 38 Me Pettol . . Miami Con Cop . Minn & St L new M S P . S St M Mldvalo Mo. Kan -S. Tex .Missouri Pacillr do ctfs Nnt Acme X Nat Con Cable National Biscuit 35 14 i ioo4 -.j4 !1k .Mil 3J7 28 K, 101 51.'. 28 51 32 27 101 44 21 78 1 25T4 !l 1 II 1 I I.' 101 18 1 0 27 52 00 is n 37 1 27 50 n 51 1 01 62 1 140 48 81 2 82 1 Nat Knam & Stud 45 Nevada Con Cop SI-"! New York Cent N Y N II & II N Y Ont & West Norf & West North American Northern Pacific Ohio GaR ... Ontario. Sllvei Pacific Mall . Penna It U .... Peo Gas . C .. Pero Marq vv I. Philadelphia Co . Pitts West do prcf Pitts Coal Plcico Arrow pf Pleased Steel Cat Pullman Pal Cat . By Steel Spilng Reading . . Ilep Iron &. Steel. Itoyal Dutch.. St L S F vv I 7'l'4 20 ili4 51 .101 40 . 0'm . 27 t . 8J . 004 . 15 . 31 !Yh . (Ill . 34 0401 . 03 140 18 . 844 . 2 07 16 102 21 03 47 J8 (. 17 30-; 0074 10 102 21 1)2 40 27 02 -t- 40 .10 15 10 100 72 4.1 11 130 43 1177 St Sears Roebuck Sliittuck Ai Iz Southern Pacific Sup Steel Southern H It do pref Studebaker Slnclitr Oil . Tenn Cop & C vvi 18 Texas & Pacific . 16 Texas Co 108 Tobacco Pioducts 724 Transue-Wlms t3 Un Bag &. Paper 1 1 71 41 11 130 43 117 81 Union Pacific .. 1314 United Alloy Stl.. 44 United Cigar Strs 110 United Drug 2d pf 81 United Fruit . ...130 1204 130 United Itwy Inv.. 0 0 0 .. 10 194 138 139 30 80 do pref IT S Ind Alcohol U S Itubber . do 1st pref . U S Sm & Ret do pref U S Steel . do pref . , 20 141 60 .103 103 103 64 SO 110 117 01 . 63 04 . 50 50 .112 110 .117 117 ) Utah Copper 05 04 Ya Iron & u u.. 60 CO 60 Wabash pref A 48TI 48 25 93 87 40 122 33 13 2574 01 27 40 48 28 03 88 40 122 33 13 2574 62 27 40 do nref B 25 Wells Fargo Ex . . 03 West Union Tel 88 Westlnghouse Mfg 47 Woolworth 122 Worth Pump & M. 83 Wheel & L C... do pref Wilson Co .... Willys Overland Wis Central .. IS 257i 62 28 46 m.i. 1 KBIl IIWI .......a.. nmnnvmil ...lOTHl HUH"., .' bi.h.c., .vu.,.aicu I 88I.OOO share yrsterdayi tHiis far this 1,41U,MMJ fcliuresi swnio iiveiuu imhi. 1,700,400. SECURITIES AT AUCTION The following securities were sold at auc tion today by Barnes & Lofland- STOCKS 1 shr Farmers and Mechanics' National Bank, par (100 148i 1 shr. Ilrst National Bank, Philadel phia. Pa . par J100 , . 221 1 shr. Chelten Trust Co .par $100..., 140 r. shr Commercial Trust Co, par J100 413 IS hr Continental Kqultable Trust. Co.; par 150 . ,.....,. ... , . 87 .1 shrs Fidelity Trust Co t par 4100.. . 670 8 shrs. Philadelphia Trust Co rpar 1100 8254 74H llsli S brs Ileal Ksiaie irul co. preierrcidl C shrs. Philadelphia Warehousing and Cold'Storage Co .par 1100 20 hrs Philadelphia Life Insuranoe Co.; par v a .. tin 30 shrs Philadelphia Life Insurance Co.; par llo 38 shrs 'Huntingdon and Broad Top Moun tain Ballroad and Coal Co. pre ferred, par 150 7 shrs, tjmUh, Kline ft French Co, com mon, rar 1100 , , 67 shrs United tla and Klectric Cor nat(en first creferred. bar I10O 40 shr Philadelphia Bourse preferred, par 123 ' . . BONDS IDOO Olrardvllle Oas Co 6 per cent vtr.t mortgage Coupon May and November wue.j4a "000 Montgomery Transit Co , 5 per esnt rminona June and December Due 104(1 . 2000 Montgomery Transit Co., 6 per 1 i mt-i " refundln mortj rf ran it "4 m, a , ....... ,, - . .. -T-- er cent, ortgege, Sli I Sales in Philadelphia Net lllch Low close chge. 03 Am Gas 100 100 1004 . 3 11 KttS pf 80 80 80 . Buft&S t c. .. tS4 10 do pref . . 82 82 82 2 Urlll JO,.... .. t20 .. Cam Iron 44 . llSUleo S'tor . , 37 36 87 35 Ins Co N A. 28 38 284 .. 1113 Lk Sup Corp 17 10 10 1A 134 Loh Nnv . 78 73 75 Leh' Vol . . t0 ILlttlo Scliujl 31 81 81 40Mlnchlll . 85 63 85 SOMIdvale. . 82 82 32 370 Penna lilt . 82 82 62 217 Phlla Klec. 20 2874 20 10 P RT tr ctfs 20 20 20 780 Reading . S4 83 83 174 25 Ton Pel . 4U 4, 4, A 10 Ton Mining. 6 e 0 Y 130 Utl Trac. 41 43 43 .. 70 U G 1 78 78 78 74 4 Un Cos N J 2084 208 208 . 6040 U S Steel. 112 110 110 274, 00 do pref.. .117 117 117 T4 100 W Maryland 1774 1774 1774 4 70 War Ir & St 0 0 0 -ft 10 CrampS. Son 70 70 76 3 York Ry pf 30 30 :io "i " 1 'S : 21! 14 If. 4 V 3U 4 "4 2 V 14 4 Tninl sales, 8031 shares, rompnred 1I.S4K shares ;estrrda) thus far this 23.200 shares! same period last week, shares. IIONDS Net High Low. Close, thee. 81000 Auier Gas & Klec Cs 00 00 00 3000 Am T AT 5s 90 0074 0674 4 2000 Am Hef &. Smelt 5s. 02 02 02 1000 Bethlehem Steel Gs 110 110 110 1000 Ulec & Peon Tr 4s ... 70 76 10 lOOOUqult III Gas 5s . . ..104 101 101 13000 Interstate Rvvjs 4 33 31 51 1000 Key Tel 1st 5s . . 04 04 )44 151150 Lib Bds w 1 00.98 00.10 00 00 .10 1000 Leh Valley gen 4s . . 83 83 fl.l 0000 Phlla Klec 1st fo . . . 90 00 097. 2000 Reading gen 4s 89 89 89 500 Un Rwjs t c 4s .. .. 73 73 734 . iy I ni V4 64 1'4 2 3"4 ""s 1 4 '4 1 1 S 4 4 1 3 1 1 2 1 Tolnl sales,, 5.187.710, romimrrd with S20.5.O je.lerd.iji thtis far this neek, 8208,300: same period last vtrrk, 8182,610, Local Bid and Asked Todiy Yestcrdai Hid. Ask. Bid Ask. Amcr Store . ... 314 14 .Wa 34 III 111 J O .. . -) 27 20 21 Buff &. Hus t C . . . 87 ."ll 57 80 ii nrot, no 82 no m Baldwin . 02 02V1 HI. (17 Bleo Storage 80 57 8lj 57' i Ocn Asphalt IK 'JO 17 10 do prcf ns 1,11 ns 110 Key Tel 114 12 11'4 12 lo t c . in 1 s in os Lake Sup Corp HI 17 17 17's Loll Nav 7.7 7(1 77 75n Leh Vnl IJ (IJij 02 (12s. Leh Vat Ir. . . Ll 27 2 1 1". do prcf 41 41 II 41 Penna nj'4 r.25 72. .72-4 Phlla Bkc '-N 2S', JS 20 Phlla Co 37 .17 .174 Ill's do .7 per ct lf 32 37 12 37 lu 0 per ct pf.. . . 3il .17 37 87'1 PHTtc ... ... i.0'4 -Ml". 20Ml .10 Iloddlnu 8l'i si'j s-j hi' Ton Bel . . . 4'. 7 IJ. 4'i Ton llln 0s. 0 (1 G tllllnn True . . 4 1 4 I'll t Pi I t IT O I 77". 7S 7H' 7M 17 S Steel 110'. llll'l 1124 112s lurk 11 . .11 'I II 14 d, pref 17 1'4 7'a .10 IV Cramp- Sons 77 70 77 7J 1 1 INACTIVE PHILA. STOCKS rollowlng are quotations for Inactive stocks ll&ted on the Philadelphia Stock Ex change and In which there wera no trans actions jesterday. The price given Is the last previous sales Alliance Ins do pref Am Una war Amer Mill Amer Stores . Cambrli Steel Cons Trac N J Gen Asphalt ,. Leh Val Tr.... . 20 Off IV. . 04 .174 1S5 71 19 274 Lit Bros Vorth Cent Nortli Penna do pref Phllpa Co cm Uwjs Oon .. West Coal vv Jer . S S Ye-k Ilwjs INACTIVE NV YORK STOCKS Tollowlng are quotations for Inactive New York stocks nnd In which thero were no transactions jesterday The price given is the last previous sale Adams Kxrress Advance Hum Pi Advance llumles AJax Itubber Aluska Juneau . Am Can Pf Am Agrl Chem... do prcf Am Beet Sue of ABStr ctfs do ctfs pref 113 Lie M T a i.ib 4. 31 T rlghls 1 Long Isl ctfs prof 40 Loose-VV lies . 1(1 Lorlliard P 203 do pref 1004 JIStPftSSM pref. 117 Mackay Cos pf . ol Maikay Cos 77 Manhattan neacb 1 Manhattan Klv...llS Max .Mot 1st pf (13 CO 1". 102 r,4 ns 87 102 mi 4 1 1 14 1 115". Am"rfr A;,pf '?! do prer stay ucp ais pr lui Met Tet prcf 01 Mich Cent .. .119 Morris a Essex,. 804 do pref ... . 114 Mo Kan t T pref 0 Mo Pac c of a t p 614 12V4 Am i olio" v... Am Birf"; , -Am Hide 4- 1. .in nref no 12. r,s. 12 Atn Ice Sec is Am Linseed rref in Loco rrei Am smelt pref Am Smelt A. . do pref B ro'4 ''ont Power ml"-, s'ont rower ci..iou nisi. Vat Biscuit pref no 982 Natl cl0Rk Suit 734 55 do pref 107 , Nat Lnsm tSif DOS "- Nat Lead 52 !'' ' do nref litl Am sugar rref 4" S.'tra'pref 05 Nt JIH Vler 7A pf Am Tel Cable.. 6B N Y C 4. St L.;.,2S aS U T 3d pref 024 n y O 4. W 2d pf 304 2m Tob pf new .10'' N Y Dock H! .107 dn nref Am 'lout." . o v" irnicn nref. oo Norf at South 3 a1" 2.-."r; V,.n nf ??,f N"or' 1et pref lBMl Nnvn. S-rttfa Ht..l Am "'', T-..rt 14 2 1 Am Zinc, 4. l-eau. Am Zinn -k- - -1 mn .. Z :'"v" .. n a 1st prei ',, u lex & juex., "aKS Oil ...... Sl N Y Air Brake.. Asso.OU ?.",. Writ V Owens Hot AICII.-"" -.,, 13 onto Fuel A'! """.r. Tine. inn . Ohio Qa rts. 1 ,. 1 -M'riliif W I Pf avA Pin-Am Pet pf, A1 PA nref . 6'1? do prior pf ct B J J1"1 084 P C C 4. St L Ilarrett i o 1nn Vfa t ...... . Barrett. c-n '':'. 14 Pere Mara tr tt ;.",. at..i ris S3 BtVel pt Pierce. Arrow nn'4 105 IJ; Stt no 27 109 1154 11.. Pitta Coal pref... Pitt Stl pref... do pref Press Stl Car pt. Quicksilver Quicksilver nref,. Bwy mi Spg pf. Beading 1st. pref, do 2d pref lien US pref.. Sav Arma ..... Haxnn Xtrtlne . nalVi nirr. Brkn u" " Brown Shoe . . nutterlck ...- Cat Packing Co Cat Potro pr'; CaJ ft So 1st Pf , Cent Tdy Co.. CeSt I-ef"Te? Cent 8 Am Chi fc Alton... V .. 3 V4 74 1 1 V do P. i",.Tjii so P Blco fl... ChtNW rref, .114 seaboard A i. .. Chi ft N xv.....;" dp rref Cluett-Peabdi- st'J2,, Sea? "itoeb'R pf. col Vu ft Iron.. 464 sioss-Sherr stl . oe;;?n,Ec.: j 8tdirsP-pt:: ?... em Dref...l02' do nref 3 So P Blco fl.. nllh ,,.u week, Continental Ins.. 01 Rt I, 4 H W crucible S'l P'' .SJ-4 Studebaker pr urea, 170 Stut Motor Cuba ai" -" 102 1lt Sup Steel 1st" pf' Teiaa rt S, re" Copr.f:;i00 D?n ft Bio Or Third Ave .... Tidewater oil. do pref Tobacco Prod of. -""'"..-a ;,.(.. T St L at VV .. T fit L W ctf. do ctfs do pref . .,:;; Twin City nnd,, WnlJat-ftPne-r United Drur g-frolt Cdln...l23 Kleo Stor Bat... BJ! Sineral Cigar.,, 36 ao pt" - - ., n.n Motors pref ..?- iinidrlch 11 F Pf I" 4'l Be Cigar 8 pf.. rinnrirleh pref Oreat North pi ,ref 105 unaerwooa Type,. do nref ,.::::.j-.n cod . sa-. ,,,T.s'.",' - - United Dye Wood. Ouf B Btl 1st Pi'" Hartroan rorp... 2 Havana Elej . JOl Horosstak Mln. 107J4 Illinois Cent ... 1P UTPBIII'VOII.""- .-mr-r do firaf Un Paper Bd Union Paa rjref.. 78 USCIPfKltM 100 03 104 104 13 93 60 20 use Ft i'.;: U S Express..'.: int ir.rv of N J 110 i iiit -'. - is-.- j it A ico nr U B Ind Alco pf .... ..--. M.i" ' Ai,l "A?"!" imp., Int X nnw" -- "T- w yre ...... 7,'- uu 4V. TT.-H Iowa Cent ao pre. .... Jewel Tea ... do oret , . Kan City So pf Kan City 80 . ,ui JS3t 9." Ch it't 51 J.?.tar Chem ' !S IVabash io "th.. " Pf . m West Aid Keok t D M Kelly Spring Iiclede Gas . Itk Erie ft W do pref , Ixhleh Val fin fit n t W..I P. n n J IV hit Motors ' 4S 12? Wilson Co pt ., lot 27 Woolworth ct..,l.a 624 Willys Overl'S it, 90 174 do pref ,, ;, 4T Leo Jtub ft Tire 8?4 CUICAGO nUTTElt AND EGGS CIHCAOO.Vept 26 EGOS Receipts, 17,774 case. Firsts, 3JW880i ordinary first, rial; 34ct miscellaneous, rases returned, I4&80V.O-. ., CUT4 do, ease JMluel. XfSTci dlrttea tufAtal ay w Tg. .fr M .y-ri T -".. BUSINESS SMALL LIBERTY BONDS ATTRACT INTERi Prices Are Generally ---1-" o Only a limited amount of business was" transacted on tho Philadelphia Stock Ex change; today nnd the majority of price changes vvero to lower levels. Losses were generally small, however, and the closo of most Issues was above the low of the -forenoon. Steel common lead from point of nctlvlty, but did not gain tho momentum customary. After selling down as low as 111)4. there was a recovery to nearly last night's closing quotation, and then a sud den drop carried It off to llO'J, a net loss of 2 points. The preferred stock was up on odd-lot transactions. , Liberty Bonds attracted quite a little In terest and were moro active during the early part of the day then they have beon for some time. Two largo blocksone for 30,000 worth nnd another for $29,000 changed hands nt 91 96, up a trifle. Later, hbvvevcr, tho price eased off slightly. Hall road shares were Irregular, Reading being down nearly two points, while Pennsyl lanla was up a fraction nnd Western Mary land was off a trifle Buffalo and Susque hanna preferred gained 2 points. Other rails were lnncttve There was a small amount of trading in Lake Superior Corporation and it closed with week. 30,317 RETREAT OF WAR IMPORTANT Prevailing Low Prices itiiu lviuvements Are witnout Influence on Other Issues An lmpoitant feature of the of war order stocks in comparative obscurity. The dealings in alrnt.inl" Submarlnn Tlnnt nnd AMnn nt nrnfnlllr, .. ,.., ... . "'l"ines 1 , ... ... . ..... .,... and the movements were without Moro activity was shown in prominent feature, advancing to 57, against 52 at tho closo jesterday trlthtilJ ing based wholly on the final statements about tho now ore bodv JmI . . a week ago. Calumet nnd Jeromo .Many of tho independent oil Midwest nefinlng was a strong rcent low nt 1S7. United Motors was strong INBUSTBIALS Yes. Ask Bid Actti.t Explosives Am-Brltlsh Mfg Am Marconi . . . American Writlns Canadian Car Co 576 12 3 3 30 07 85 80 40 10 90 6 10 JO 1 18 88 1 130 2 Paper 2 , . . . 28 Can Car & Fay pref Charcoal Iron Chovrolet Motors . . . Cramp , . Curtlss Aeroplane . . . Carvven Tool .... Cnibon Sleel Emerson Phonograph 1'cderal Dj o llendee Mfg . . . Knt.hndlon Bronre pfd Lehigh Coal Sales Lima Loco Mnxlm Munitions . . Marlin Arms . &u & . 82 . 70 . 38 . 9 83 . 6 . 5 20 . 73 . 33 . 74 .118 N Y Shipbuilding 10 Nor Amer Pap Pulp . . . 3 Otis Elevator 40 Peerless Motor 11 Eoole Eng 70 Redden Truck 12 Scrlpps Booth , , . . 18 S S Kresge vv i . . 80 Standard Motors . . . . 8 Steel Alloys ... 7 Submarine 17 St Joseph Lead 18 Todd Shipbuilding 75 Trlanglo Pllm 1 United Profit Sharing, ... U S Steamship 4 United Motors . . 22 World's Film Wright Martin Air . 8 Zinc Cement 1 43 3 82 13 80 13 00 0 7 18 18 80 1 4 23 8 2 24W 70Vs 00 . 37 Pf 36, . 734 4Hv . 14 200 STANDAHB OIL Illinois Oil 215 220 Ohio, 345 330 Prairie Plpo 275 285 S O Cal 540 245 8 O N J 833 548 SONY 270 275 ivnni,ii"DHNT oil stocks Barnett OH and Gas... 1 Cosden . Co 9 Elk Basin 0 Federal OH 4 Inter Petrol 12 Houston Oil 15 Merrltt OH 34 Midwest Ref IBS Met Petrol 1 Ohio Fuel 17 Oklahoma Ref 8 Osage Hominy 8 Rice Oil Sapulpa Ref 10 Sequoyah Sinclair 16 United West OH MINING STOCKS Alaska Standard 23 Atlanta, 9 174 9 9 4 12 18 35 168 0T4 19 10 8' 8 10. 1 so 74 6 4n' tlU SO AM. "" i'S 128 26 10 11. a 9 l'A Big Ledge 14 Risbeo Copper (a pros). Butto Copper & Zlno .... 8 Butte New York , 1 80i 90 204 894 14 14 S8S 8V4 38H 1001 71 iot -iimmiiioiiiiimmniiiiniiiiiitiuiiiiiiinoiiiimiiiiHiinim ..207 "J . 4(14 , H8i . 8(1 , 85 . SO . a l , 2 , 00 A New Buildine A New Day and Night Service ir . Open Every Evening until Eleven o'CIock For Receipt of Deposits The ' Colonial Trust Co. Now Located In Us Notv Banking Booms Market at Thirteenth Street 100' 41 004 104 20'J ens .100 7lt 10 14U 30 814 74 A t'Jt lis 9 . - i 68 9314, 23 .UimUIUIt-IIWIIMIlUIMIIIMIIHIMIIIMIM 174 ii' I" 102 Brown Brothers & C& 154 ou SlS 38. 10I 67 H Tautttn 18'4 n-.j " 1.1? 4 Deposits received and interest allowed For out-of-town account, may h4 wt by mall aiUwe will fwitWt tateiw m 2SH43(oi MWsasQst(Uir 4T Tu ON LOCAL 'CHAjTrT to Lower Levels Philarfri ---..w .i, vjuuu in August off li points. Losses wer. ai, .. Aonopan .Mining, while, TV- advanoe.fi ,m , ' JWi Improvement was u""0"v in Philadelphia Electrlo vZi irs-nsu certificates dM fc" i ". X" H"' nSr dots i ihdlt..ll few changed hands; The J"1' little higher on these sale. J Ulectrio Storage Bat., .W pany;VNorthX8meX,eSfc" Little Schuylkill, Union irSbtu" pany of North Xmcrlca, Lehirt v6""1 Little Schuylkill, Union i tIi Companies of New Jersey anfin' & wajs preferred and Cram;,:"4 ?01 The statement of the PhaiXSK" pany for August and fit. i4'1 came out today, showed ineriZ J gross earnings in all departmssJf h ' creases in both gross andiS'.? of all departments. N ?.ifnl?, street rallvvay and electrlo ififti!. departments were below v. r?PI ago for August and the nv.m.cl' m The total gross was , .Jl AllD11s.T n Dole, ... .TT''lll sWd incPeased" ,105,816. W.i'.E N months tho gross of all denartT..Vt, 114,412,782, a gain of tI,WTII!W no, hub 40, 091,194, or 1521 7.7 Jl during the corresponding ptrl!a(i - ORDER STOCKS FEATURE ON THE CU Fail to Attract Outside Attend trading on tho Broad sLt nlz pl KW. ,....,,h vuiiiiiui unveiy low prices. dMnnl. .,, ul tiuucrs speculating in thou. influence on other issues tho mining group. w-her Mln.. - wero also actlvo and strong, advanclnr wS stocks reflected a broadened .....: , r1'1 feature, selling at 155 to 164, comMre'3 w " again, advancing from 22 tn -1 M MININO STOCKS-CM,UBM, close, (Sale) I4 Ait B Cal & Jeiome . .. Con Ariz Emma Consolidated First National .... Goldfleld Merger .. Goldflcld Cons .... Goldfleld Florence Goldfleld Kewanas . Ji . 2 5J i v 4 . 38 . 10 . ! l3 74 I 4 41 11 It 83 41 16 ureen Monster Ilecla. Mlnlni- ,... 54 -Ilowo Sound Independence Lead . Jerome Verde Jumbo Extension .. Magnate Copper , , , McKlnlcy Darragh Magma Copper .... Mother Lodo Mines Co of America Nevada Hills : 8 14 20 il 14 IS 14 KM" IK '1 ISO 11 m il K1 71 KH HWJ II IK IJ , 4 li 115 II Nlplsslng jjj Ohio Copper 114 Kay Hercules .. San Toy ... ., Stewart, ... , f Tonopah Extension .... ill United Verde j West End Con ...,..,,. 70 3 li 'l .XI " il 0 7 18 vvnite oaks 3 White Caps IK 20 . lerington tl BONDS Bethlehem Cs j, Cosden Oil 6s SO Cosden & Co 6s 91' Cudahy 5s 94 Russian Government 5is 61 Russian Government 64s 78 Southern Railway 6s ... 97 Sinclair OH 6s ,. 93 Todd Shipbuilding 6s ...109 Western Pacific 6s 10 tl tl 1 II 71 11 IK 94 22 874 331 14 ICi NEW YORK COFFEE MARK1T NEW YORK, Sept. 26. The mutat coffee futures opened unchanged to u vnnce of 1 point. Trading on the tall quiet, sales amounting to 150 bid. May being the only month tradeo In. , 174 't74 4 12 35 152 1 -8 8 V Open High Low Clou ...T 7.30 TSI 71 7.00 7,60 7.48, 7.6$ 7,84 ... "M 7.72 7 67 JT! 7.87 7 00 75 JM 8 00 8 04 04 HI 8 00 " October... December. February.. March.,.. May July August... .1 DIVIDENDS DECLARED United Railway and Elsetrle .C J Baltimore, regular quarterly. of I0"J share on common payable Octoosr J ' tered BentemDer -. . m American Ice Company, regw " m V percent on preferred psyasli P 1 to stookof record October IB. .. . .a! 10 4 I'lttsburgn uoai compinr,.K"'",1'j of 14 per cent on Jf"a-,5" 20 to fltoCK or recora wuw " ,i.- a w.iinhous Electrlo Coraptny, rtrMfJ terly of 1. per cent on ""Vr'tSull stock. . Preferred, I. paable(W.b.r tocK ot recora ucwo" V zrivtobf .1.1. r-th... .11 tn Ntoelc of recora .ww1"- American Bank Not Company, lit jw on common, payable November 18 t " 19 record November 1. -..,.. r.mitr Norfolk and Western Railway. Miwe- terly of I per cent on adjustmenl prefmey able November 10 10 siov .v,- - Something New . A New Banking Ro axb Qmunrmrc Sims instead of using pass-uoofcsy t!J HI r.i ?M :m hubs ctW ll'i, otiecks JJH " ' . "V-t 'UTT lj-"" J"l "" "s.". x-iai-iJiiltiM m.VI -abasavsK.OBSsISMal I si , , VSPV,. 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Significant historical Pennsylvania newspapers