sf.
it ,.. '.-. t5,C
EVENING LEDGER-PHILADELPHIA", FRIDA1, OCTOBER 5, 1917
GOSSIP OF THE STREET PHILADELPHIA COMMERCIAL MARKETS GRAIN AND COTTO
4t.. IS
it
ri
i
NEW LIBERTY LOAN ATTRACTIVE
TO AVERAGE INVESTOR ANKER SAYS
Supertax Will Affect Comparatively Few 3 1-2
Per Cent Bonds May Increase in Value if War
Ends Soon Gossip of the Street
TN DISCUSSING the relative merits of the llrst Issue of 34 per cent Liberty
Bonds to the average investor ns compared with the present issue of 4 per cents,
a prominent bankor in the downtown section said today that ho had not given the
matter as much attention as perhaps he should, but in a general way he could
not see that very many investors all over the United States would bo nffectcd by
the Income super tax as compared with the enormous numbsr of people who will
buy Liberty Bonds; and as the super tax was the principal point at issue, the present
4 per cent bonds should provo the greater attraction of the two Issues.
"According to the last income tnx returns." he said, referring to a table of
statistics which he consulted, "the super tnx would only apply to about 246,000 out of
the total population of the United States, as only that number ot persons are on
recorl as having Incomes above $5000.
"Only 10,000 persons have incomes above $50,000 and only 3824 have Incomes
abovo $100,000 a year.
"The net yield of these present 4 per cent bonds to a person with an Income of
$10,000, after paying the lncomo surtax, woud bo 3.07 per cent. If his income
amounted to $60,000 a year the net yield would be 3.72 per cent, and if $100,000 tho
net yiold would be 3.63 per cent.
"In this connection it is well to remember that the average Investor in Liberty
Bonds has other sources of lncomo," the banker added, "and his super tax Is based
on his total Income, and not olone on that part of it derived from Liberty Bonds.
"There is, however, one important point in favor ot the 3 per cent Liberty
Bonds which the shrewd investor must not overloo.lt. Should the war end suddenly
the holder of tho 3',is would know that there would be no further Issues of abso
lutely nontaxable bonds by the Government at a higher rate of Interest than his
354s now bear, and the market demand for that class of security would bo very
active.
"Again, by surrendering the nontaxablo 3V.3 for tho taxable 4s, tho holders of
the first Issue will bo in a better position to avail themselves of any future conver
sion, should the war continue, and should tho Government decide to authorize a new
Issue of nontaxablo bonds carrying a higher Interest rats than tho present 4s."
Russian 5 Per Cents
The National City Bank, of New York, has Issued a second notice to holders of
the Russian 5 per cent Internal ruble bonds of 1916, first and second Issues, that
application can be made from October 1 to October 31, Inclusive, to have matured
interest coupons on thesesonds paid In United States currency In Now York until
receipt of new advice from the Russian Government, by presenting tho bonds for
numerical registration at the bank. After this presentation the coupons from the
bonds so registered will be paid in United States currency by the bank at a rate to
bo fixed by the Russian Government monthly. Federal Income tax ownership certi
ficates must accompany coupons presented for payment.
Record Output of Copper
Townsend Whe'.en & Co., of 607 Chestnut street, state that the Cerro de Pasco
Copper Company produced tha record output of 7,000,000 pounds of copper for the
month ot August. '
Little Activity in Foreign Exchange
There Is very llttlo activity in foreign exchange, said William "Wright, In charge
of the foreign exchange department of tho Franklin National Bank. The enormous
charges and Insurance on ships and freight, coupled with the embargoes on many
commodities preclude tho possibility of any extensive commerco with any country.
Tha advance In Scandinavian rates does not reach us here, he said, and as for Russia,
under present conditions, it is difficult to express an opinion.
Strikes Anticipated in Coal Regions
"Under normal conditions," says the Coal Trade Journal, "tho wage negotiations
nt Washington would have resulted In a runaway bituminous market, for while
thoy relate to the middle western fields It Is taken for granted that they foreshadow
demands for higher pay and possible strikes in the districts shipping to tidewater.
Aside from the possibility of a stoppage of production duo to labor troubles, the local
t situation Is growing more serious on account of light receipts and the inability of
consumers without contract protection to buy spot coal at any price.
"The number of cars at tho local ports Is far below normal, for not only Is
there no free coal at tidewater, but contract shipments from the mines havo been cut
down by the reduced supply of cars for eastern loading, while the rush to the lakes
Is on, and on top of it all the rail movement has been seriously Interfered with of
late, over some roads at least. Reports of shutdowns and threatened shutdowns
at Industrial plants continue to multiply, and while some consumers may exaggerate
their necessities In the hope of getting quicker relief thereby, there Is no doubt but
what conditions are reaching an acute stage which will Involve a widespread
slowing down of industry unless there Is an early change for the, better. Equally
as serious Is the fact that many institutions and public utilities of various kinds
are running short of coal."
No Present Incentive for Buying Stocks
"There Is no incentive for any one to buy stocks at tho present time," remarked
one of the members of a well-known firm of downtown brokers yesterday.
"People are not certain how the excess-profits tax is going to work out for
one thing. The program, of price fixing is not complete, and as a result of the general
uncertainty industries are sluggish, and business far from what it should be. Rail
road earnings are not encouraging to bay the least, and taking it all In all there ii
nothing to induce the public to come Into the market."
Convention of Investment Bankers' Salesmen
The R. L. Pollings Company, investment bankers in the Widener Building, will
hold a convention of its Pennsylvania sales force on Monday next at the Bellevuo
Stratford. The officials of the company from Ohio and Indiana will bo present.
In the evening a dinner will bo terved In tho red room, at which a number of
prominent Philadclphlans will bo present.
Significant Shifting of Populations
"l don't" bellove that sufficient attention Is being directed by financiers and
economists to the shifting of population, first in the cities, duo to public improve
ments, and second in the States, duo to industrial developments," said Frederick
Carles, of Edward B. Smith & Co., 1411 Chestnut street.
"Look, for instance, at the serious injury In New York city to stores in certain
sections, as well as to street-railway earnings in all sections, due to the extensions
of subway construction, of new bridges across the East River and the completion
and o( oration of the Hudson tunnels on tho other side.
"Then note, on the other hand, tno great changes that are taking place In Michi
gan, Indiana anil other sections of the West, due to Industrial development. The
large manufacture of automobiles In theso sections attracted many of our best
mechanics into the territory, with the result that what not long ago was a thinkly
populated country with compcra'.h cl few largo Industries Is now destined to
become one of the great contors cf production.
' "The railroads," cont.nued lie. Ca'les, "were among the first to recognize such
changes, as witness the entry cl the Pennsylvania Into Detroit, the stupendous im
provements of the Chesapeake an J fh'o at Toledo, O.; the new properties at Kansas
City, Chicago and cltewheio, but it li against all public policy that tho railroads
should be so held down that they ate ur.ab': to make tho most of these opportunities."
Report of American Water Wows and Electric Company
"Holders of tho securities of the A-uerlcan Water Works and Electric Com
pany," said E. McLaln Walters, of the Real Estate Trust Building, "will be pleased
to know that the third annual report of tho company, for the year'ended June 30,
1917, Just issued in a comprehensive form, shows that the increase in gross earnings
per year will more than offset tho increase in ooerating expenses."
Mr. Watters says the gross earnings are tho result of a normal healthy growth
and are not, nor cannot be, in any wav affected by war conditions. On account of
the liquidation during the year of tho greater part of the bank loans of the sub
sldlary companies which were to be paid off In annual installments up to 1920,
the company is relieved from making annual appropriations for that purpose. Loans
which at the time of the reorganization amounted to $2,617,000 had been reduced
on .June 30, 1917, to less than $350,000.
Among the special features of the report pointed out by llr. Watters were an
Improved cash condition, substantial progress In refinancing subsidiary companies,
Important progress In refinancing tho West Penn properties, resumption of dividends
on preferred stock of West Penn Traction and Water Power Company, satisfaction
during tha fiscal year of accumulated dividends of $21' per share to April 27, 1917, on
the first preferred stock of the company, and commencement of regular dividend pay
ments on saino; reduction during fiscal year of outstanding bonds to the amount of
$939,000, and an Increase of $5,000,000 in the 'authorized amount of first preferred
stock to provide the means to finance the necessary construction requirements of
the' subsidiary companies and also for the expansion of-the company's business.
To Move Crops Without Delay
H. E. Byram, the newly elected president of the Chicago, Milwaukee and St. Paul
iUUroad, said there is llttlo shortage of cars in any part of the country, duo to the
Intensive loading and unloading of freight consignments. "Shippers are sincere," he
declared, "In their efforts to keep cars, moving and in their consideration for other
shippers and the railroads. Of course, tho War Board in Washington is the dominant
factor In expediting movements, but the supplemental work of shippers Is an equally
important actor. With this condition In mind, I do not look for serious trouble in
moving crops this fall toothing like the difficulty experienced In other years."
Northern Ohld Electric's Earnings
Thtt earntn tfnliimn .v.. 4.v.4t.A.L. AkU XPt-rfs PnrnAraHnn nmA It aati.
kuent companies for the month of August, 1917. shows net earnings of $193,008.84.
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WHEAT rtecelrts, 78.32d bush. The market
steady. Quotations Oar Ion. In riport tie
I?.. r,.A"nnnt standard inflection No. 1
i.24: No. 2 ioft red, 12.22. No. 3 red. 12.21.
, 4 "."".J"1' U.iui No. 4 red. J2.17. No. 4
Kti. r'd' '-i13- White wheat relathely earn;
S,hJS. & 'Muted wheat. 2o oft.i No. 6
1V,,?,J?' r'd r o't. end "sample" will be
nought on their merlte, but In no case at above
40 under No. 4,
rf,.ii0HJr"n'c",t". 277 bu,h- Tn market was
fSi i ?nd- nominal Quotation"! Car. lota tor
2?."' .Tl.V a" to location Weitern No. 2 el
low. I.'.ises.ao, do, No a yellow, nominal! do.
.. .V'f ""'' nominal; dj. No. 3 ellow. nominal.
..tfli)7 Uocelpta, 114 lio bush Olferlnsa were
?,?'y mfrate and prices ruled steady but trade
was. quiet. Quotations No. J white, new. 040
!.L?.r "tandard white, new. G.IOO.IHc No. 3
white, new, 6163c, No 4 white, new, S4 S
IHf
I'LOUH Uecelpta, 010 bbls and 377.571 lbs
in saiks 1m market ruleu firm under email
SKS",1;'" .nl .ood demand. quotations ier
,Vn'5?. In. wood Winter atrala-ht. new, ttO.23
O10.Su. Kinase, clear, new. 10 2l10 75; do.
?i i'f"lW .",.. lit. 25911 50. do. ney. patent.
ML no 4? 11 7.1. aprlnt;. nrat clear, apot 111 25 B
''.'i do. Ilrat clear, new, mill ahlpment. 10 23
patent, new (mill ahlpment). !U.S3li.30:d",
laprlte branda, 112 05312 75, city mills.
?,n.ic "I11 ,anc' Ptnt. I1J OSl2 75; do. re-
?lA5n,?"i!5,ior-5'trMsht- " -3(9i0 s6, J0,
?.Yli..fWI,K old 'ntrly and ruled rm We
2.te -73810.T& (mill ahlrmenta); U0 2511
apot, as to uuallty
PROVISIONS
There was a fair Jobblns Inoutry and the
market ruled firm. Followlne are the quotations.
City beef. In aeta, smoked and alr-drled, 33c.
western beef. In eeta. amoked. 33c, city beef,
knucklea and tndera. amoked and alr-drled.
ale, western beef, knuckles nnd tenders, amoked,
d,Ci beef hams. IJJ, pork. fomll. 148.51)9411.
nams, h p cured, loos. 204 27c; do. skinned,
loose. 27Uf27Vic, do. do. amoked. 282l4
other hams, amoked. city cured, as to brand
nd aerage, 2Shc. hams. amoed western
cured. SS'-ic, jo. bulled, boneless, V.f. plcnlo
shoulders. S P cured, loose. 21c. d.i, smoked.
-J'c. breakfast bacon, aa to bland and avera.
an' c,ur"' '"el brckfast bacon, western cured
4Uc, Iird, western, renned. tierces. 2c do, do.
ao. tuba 20c. pure city, kettle rendered. In
tubs ' rure elt'' kettt0 rendered. In
REFINED SUGARS
7n .mfket ruled firm on a basis of 8 33e
tor extra fine granulated.
DAIRY PRODUCTS
A-nTnR ,"old fairly and prices adanced c
on aolld-packed creamery and lc on prima under
''P' offerings Quotations: Western, solid
SS5i5?d creamery, fancv specials. 48c. extra,
2. ";.4,34S,V. nearby firsts, fancy. 50c. aer
5JJ 1x,rV "WWc. firsts 434'lc. seconds. 43fl
iVnJ?SclJL hfands of prints Jobbing at 53S5c.
na ys fancy fres! eggs were scarce and firm
H.ri aan 'al. dmnd. but medium qualities
were dull. The quotations ranted aa follows
??.. ,",ri"' nearby nrsts, 112 BO per standard
lin WJfWit recelptst. JU 30 Mr Case, second
Ii" .i.lx.11 - Pfr case, western, extra nrsts,
IinnB?;!i SV'1 nr,t- '12.311 per case, seconds.
Inhh'Sf 1,-Siy.Prr.r"- ,anc" "elected eggs were
,hJ .," " in. tr request and arm under
to good. 2 Hi 02Sc.
POULTRY
mislYH.wM!! 'P 'a,r request and tead und r
S3,.i?.r.a,e ?2T P" Quotations, rowls. aa
?hlilt.. Maaj'. roosters. 2021c. sprli..
SSISW"' W.t. Leghorn, accordinjf to qualltv
iiR-7ci.iVJl1, Leghorns. 23a2lc. duck.
y'l'i.i'2..'10- InJ'a" nunner, 2021l.
ao. .spring. 23B24C. turkejs 228'2Bc: BUlr.eas,
iSWj. Per pair. weUhlnc lMi tt lbs. apiece.
S?f,,,X'PJ',1"r '" fnWSOc. do. old. rer
pair. WSoSc; pigeons, old per pair 240JJC
d0To?Hn.?'...rr Mir. 20 22c
DRESSLO ruled nrm under light ofTerlnes
and a Islrltf actle demand. The quotatlona
'.rAeoJ?.'.low,J Fowls. 12 to box, mllk.fed,
itRLsSLD wits ell cleaned up and firm.
The quotatlona Fowls 12 to box milk-fed.
dry.picked. fancy selected. 32c. do. weighing 44
lbs apiece. SlVjc. do. uelehtng 4 lbs. apiece, 31c,
do. weighing 3H lbc. apiece. Sno. do wel. Mn
8 lbs. nplece. 2R1T20C. fowls. Iced. In bbls . fancy,
dry-plcked weighing 4'4 lbs and oer apiece.
31c. do, weighing f lbs nplece. HusySuHr do
smaller alies. 21S2SC, old roosters, dry-picked,
-'2c, broilers wlghlng 1 2 lbs apiece. .Ir
sey. fancy. 333lc. Virginia, fancy. 3083c;
other nearby, 2U28o per lb., western. 2r.to jSc,
roastlnjr ch(ckna western, weighing tl wj n,
?pi"i;' 2830e. chickens, weatern. weighing 2W
13 lbs nplece, 25i&ilo, turkess, fresh-killed. i-r
!,.. western, best here, 24923c. common. 2il
.'.'c, spring ducks. iiatraOu: squabs, white, welsh
Ins lliZ?12 lbs per doz . J5.15W5 Ml. do. do. !ij
IS KAPr Co 4 505: do. do. S jbo. pr doi ,
I3.I0O4, do. do. 7 lbs ler dor.. J3.135 do
do, I'WJJH lbs per doi . $2 252 i!0. do, dark.
$2O:,.00; do, small and No. 2. 73cil 5U.
FRESH FRUITS
Cranberries ruled firm Other fruits were
III fair supply and demand at reused ftgures
Quotatlona Apples. New York, per bbl Jon
athan. J40R.V). Maiden niush. J3HB, Twenty,
ounce. 13 5065, Oraentln. J45. Wealthy,
3ffi5. Duchess. J34 BO. Baldwin. 3fC5. crab,
8 50. do. Pennsjlanla and Virginia, per bbl
Alexander. I45 23. Rome Leauty. 14 505 50.
Stayman Wlnesap. 4B3 0O, Orlmes1 Oolden.
I4W0. Smokehouse, J45. Northwest Oreenlng.
35. Qano. $384 SO- York Imperial. $34.
bummer Hambo. J2 50W3 do, western, per box
Jonathan. 22 50. Winter nanara, Jl-75
3 ..Oi do. nearby per hamper. 50cjf 1 50, do do.
per H -bush, basket. 25c II 23. Crab applea
per h-bush basl et. J2 Lemon, per box. 12 50
4. Bananas, per bunch. $102 Ornncei.
California, per box. $2(2 5. Pineapples. Porto
Rico, per crate. $3 2S37 Orapes. New York,
per 3-lb. basket, 1317c. do. do. per 15 1b.
bna'.cet, Bdf;.',, do California. Toltay. per
crate. 1102, do CXillfornla Malagas, per crate,
Md 73. do, Muscat, $11 25, do. Cornlchon.
$1 7502 35 Prunes. New York, per 4-qt
basket, sn45e Phnn. New York per 4 qt
basket Damson 40B30i. Green Oage. r,nig)liii'.
do, California, Oroae per crate $15002. 'W,
do, do. Grand Duke, per crate. $1 5002 Can
taloupe. California and Colorado Standard
crate, $202 23. pony crate, $1 2501 so, flat
crate, white meat Oftc0$l. flat crate, pink
meat. 80c$l white rlndn, J11 50 readies,
yiralnln and West Virginia, per bush basket,
1 5002, do. New York, per bush basket. $1 50
T2: do, California, per box. 50c$l. Pears,
Delaware and Maryland, per hamper Bartlett,
1 Wti'K, heikel. $1 5002.50. do. New York,
per bush, basket Bartlett. $22.75. SWl-el.
$204: Bo. New York, per bbl. Bartlett $507.
Secket $008, do. California. Bartlett, per box,
$203 73. Cranberries Jersey, per crate. $2 75.
do. do, per bbl . 011.
VEGETABLES
Potatoes sold fairly and ruled a ahado firmer.
Other vegetables were generally steady Quota
tions. White potatoes. Eastern Shore, per
bbl.. No. 1, $3 5004. No 2. tl 5O0i 50 do.
Delaware and, Maryland, per bbl.. No 1. $8.25
04: do, Jersey, per S -bushel basket. No 1.
75000c. No. 2. 4O0rtc. do, Jersey, per lBn-lh
dub. umnii, touyo.io. ao, per bushel. $1 '10
TV. Veiw Vnelf n
uuuvfi, .ifvo.? 4.-nuce oeff xorK. per nox.
BOC0 $1.50. Cucumbers. New York, per bushel.
$102 40. Cauliflower. New York, per box, $3W
3.30. Cabbage. New York, per ton. $20021.
Onions. Jersey, per hamper, $l0i 50. do. Orango
fountv, N Y. per hamper. $1.150150 do.
Massachusetts, Jersey and Qranga Countv. N
J. per 100-lb bog. $2 500,3 do. Ohio and
Indiana, per 100-lb bag. $2.1003 25. do. Call
fornla. per 100-lb bag, $2 7503 25.
V....7-W aaa.,: -;. -.-- ;;-:. --...,-
GOVERNMENT'S LOCAL
MARKET REPORTS
TMa dally report is sent out by Me
Bureau 0 Markets 0 the UnUetl States De
partment of Agriculture, Philadelphia
branch, with headquarters at 300-sis in.
'surance Exchange Building. Dell Tele
phone, Lombard 717.
(Wholesale prleea on large Iota to Jobbers.
V aavl At aBcalaia aa ttVAt 4ft.lAk-tm baII.a. j m - a "
Mu wit aa,h in irriuui (aVItrDKa UfpOtl.e
APPLK8. rer barrel M0 to 45 quarter pecka),
?XY S.Y ': Ji York. Qraventteln. $3
f.2S; Bluah.. SSOS.SS: Wealthy S3; Pehniyl
i.
vanta and VlrrlnU. York Imperial. 14; jona
thiu "A" jrrade L'V4-lnch. ivitofirtt Htt.vm.n
Wlneiap. "A" trifle, 24-inch, ft .12.'.; Qrlmes
uoiuviii v Krayo, .TiMncn, iQVfD moi uano.
"A" grade. 2'a-lnch,
j nm j n - -
4 04.50.
CHAD APPLES, nearby per H -basket (9
larter necka). mostly $1 1A!. ""
UANAMAS, per 7-nand bunch (8 dozen). $1:
per 8-hr.nd bunch (10 doaen). $1.23; per 0
hand bunch (12 dozen), $1.30, per 10-hand bunch
t uuAci,, t ,, yvt 44-uAiiu tuntn tu aozeni.
(,'A.MAl.uui'l.s. California, tier
standard
ernta. (45 melona), $202.25: few hlrher
flat (1 to 13 melona). 11.10
per
RANDERKIKS. per 32-Quart crate. Jerseys.
"aiJAPES. New Tor, pr 3-lb. basket. 18W
10oi Delaware, per Sub. baaket, Concord. 150
l$o: per 15-lb. baaket. Concord, 7Bc
PCAIIS. New York, no salts.
PEACHES, nearby, none arrlvlrgi New Tork.
per bushel (U to 15 Qua'r necks). Elbertas,
No. 1. $ 83; Balway. HH2: lMuart baaket!
Elbertaa (7, auarter pecka). flOODOe.
PRUNES. New York, per 4,-quart liaiket.
PLUMS. New York,
Damson, mostly 50c.
per 4-quirt basket.
BOLD AT AUCTION YESTERDAY
ulze'fhokX' ,rai" "" t2U " ?
OHAPE8. CalKornla. per 24-lb. crate. Tokav
l1.jlO0I.OJi Malaga, $1.1001.301 Muscat, tuft
LEMONH. California, per box (25 to SO
doiena), $5.0506.10; (33 to 40 ilorena), to.H
VEQETADLEa
DEANS, nearby, per H -bushel baaket (B-lo
f,Um4ar.'r86tSV$lBt.rMn' 4T5" W,X 85"'
DRETS. nearby, per bunch. 1H e2Ho.
CAHIIAOK, New York, per ton, $20O2t
pcS(A.n,AT5ooV"b, "' '"' I"-" "rtor
CEtERY. per bunch (12 aUlka). MtJiOe.
'CeAs, N,w Torh-ser buk.,i,?,
i.iu. owrei poi&iuea. .ortn iaronna. per uhi ,
No. 1. $202 50! No. 2. Jl 25 1 75, do. Ilastern
Shore, per bbl.. No. 1. $2.3003: No 2. $1.73
2 25. do, Jersey, per ft-hushe! basket. No. 1.
00O'7ac: .'O. L'. ie3n Cele
2 75 1 Indiana. tJ.M; California. !3.33i Call
tornla. brown, IS.25WS.S5.
PARSNIPS, per t.-buahel baaket (0 quarter
peeks!. 7V.
PEPPBRR. nearby, per i -bushel baaket (3-10
dojen), SO O. 10c.
POTATOES, nearby, per .bushel baaket (S3
pounds), No. 1. eoaniku seconds, 456155c. bulk,
lr..bJJ,JlS! (12pounds, I1.201 45. m ...
HWKET POTATOES. Eastern Shore of Vlr.
?lnla.pr barrel (83-40 quarter pecks). No, 1,
2 75CS. nearby, per H -bushel basket (8-0 quar
ter pecka) tt0975ci No. 2. 330)450.
SPINACH, nearby, per barrel (40 quarter
pecks). ilOI.80
. TOMATOES, nearby, per H.buehet baaket (T
1 quarter pecka). fl5cHlt few higher. ,
TL'RNIPff. nearby, per "4 -bushel basket,
white, SSffaOc. jeilow. SOOflSc.
WAR-ORDER ISSUES
ARE NARROW ON CURB
Only Few of These Industrials
Receive Attention Cities Serv
ice Trading Revived
nbw vomc. Oct. B.
Business in industrial shares depending
on war orders continued to narrow ddwn
In today's trading only a few of those
Issues being dealt in on the Broad Street
Curb. The knowledge of heavy govern
mental expenditures and promises of larKo
profits were effective, keeplne speculative
Interest alive In the Aeroplane shares.
Curtlss ranged from 30 si to 3S, and
Wright-Martin advancing to 11' Aetna
Explosives sold at BH and B. Submarine
Boat sold at 16 and 1"4 and Lake Torpedo
sold at E.
Thero was a revival of trading In old
Cities Sen-Ice shares with sales rt 221 to
225.
Independent oil stocks were heavy, with
dealers keeping out ot the market on the
belief that the oil Industry will receive
attention from the Government the same as
kteol and copper. Midwest Refining Bold
at 142 to 139. Northwest at 86 to 88 cents,
Merrltt at 30U to 31, Osage at 7 9i to 7H
and Oklahoma Producing at "H and 1.
Mining "Stocks were generally lower, with
buying restricted by the unsettled condi
tions In the Stock Exchange. Acme sold at
2i, Magma at 45 and 46, Nlplsslng at 7 Ti
to SH and Butte Copper and Zinc at 7t
and 7T. Jerome Verde sold at 1H and
1 and Nlxon-Neada at 92 and D4 cents.
INDUSTRIALS
Yes close
!,., Bid Ask (Sale)
j A ii Reduction ss oo 93
, A t ia Explosives 4Td SV 5
A .1 Brit Kfg B 10
n Matconl 3 SY
.m Writ Paper it, 3H ..
j Cannrt.an Car Co 23 28
Can Car & Kdy pfd.... 55 o
i iV.ai coal Iron 7 MX
Chevrolet Motors 7.1 7K 75
I'ranip 70 80
urtlss Aeroplane 37 37','j 3
-arwen Tool 9 10 10..
C.i bon Steel 71) 73
1. lerson Phonograph ... B 0V4
Federal Dye n 10 ...
I Hcndee Mfg 20 so
j Kathodlon Bronze pf. .. . Mi 'H ..
Lake Torp Boat ...... 5 mi ..
Lehigh Coal Sales 73 78
Lima Loco 31 34
Maxim Munitions ', 1
X Y Shipbuilding 33 35
N'or Amer Pap Pulp.... 3 3V4 8
Otis Elevator 48 3
Peerless Motor II ' is
Poole Eng 70 80
Iledden Truck 15 18
Scrlpps-Booth 18
S S Kresge w I 80 00
Standard Motors o to
Steel Allojs 7 IV, iw
Submarine trt,4 '1(14 in
Todd Shipbuilding 70 o
Triangle Film 1 ll(, l
United l'roflt Sharing... ..
L S Steaifishlp 4 4V1 4i
United Motors 21 22 21T4
United Sugar 30 33
World's Film 91 . .
Wright-Martin Air toy ioyK 104
Zlno Concent 114 214
STANDARD OIL
Illinois 210 213
Ohio 333 840
Prairie Pipe 238 28i
S O Cal 228 232
do New Jersey 510 820
do New York 280 235 !
I.VDRI'ILVDKNT OIL STOCKS
liarnettt Oil & Gds 1
t'osden & Co &$
i:ik li.'ialn 8Va
Fedeial Oil 374
Inter Petrol 13
Houston Oil 14
Merrltt OH 31
Midwest Ilef 140
Met Petrol 1 l-io
Ohlc Fuel 17
Oklahoma ltef ly,
Osage Hominy 7Vi
nice Oil
Sapulpa Ret OVt
Sequoyah y,
Sinclair 15
United West Oil I 1-1(1
IT,
8Vi
3V
I3Mi
16
31T.
142
lWi
10
Mi
a
10
I
m
'8
3y
131i
13
31
130
I 1-10
'in
1U
w
10
15-10
20
4 t t-10
JIIN1NO STOCKS
Alaska Standard
Atlanta
Big Ledge t
Blsbee Copper (a pros) .
IJutte Copper & Zinc . . .
Butte New York
Cat & Jerome
Con Ariz
U,mma Consolidated . . .
First National
Goldfleld Merger
Goldfleld Cons
Goldfleld Flotence
Goldfleld Kewanas ....
Green Monster
Hecla Mining
Howe Sound
Independence Lead ....
Jerome Verde
Jumbo Extension
Magnate Copper
Magma Copper . . . . . . .
Mother Lode
Mines Co of America. . .
Nevada Wonder
Nlplsslng
Ohio Copper
Ray Hercules
San Toy
Stewart
Tonopah Extension ...
United Verde
West End Con
White Oaks
White Caps
Yerlngton ... .,
25
9
-"a
I
5
37
12
1ft
7
54
0
lft
19
V.
47
33
13
ill,
8
SJi
13
11-32
y
37
68
io
4
5
8
IVi
17
II
4(1
31
10
n
3
11
9-32
24
36
64
S
1
18
.94
17
a
46
34
84
12
11-32
Hi
60
19
BONDS
Bethlehem 5s 8774 OS
Chile Coppsrs 88 80
Cosden Oil 6s 80 8tn.
Cosden a. Co 6s 01 07
Cudahy 5s 00 90 Vt
Russian Govt 514 s (10 08 07
do 6lis 76 78 77
Sinclair Oil 6g 02
Todd Shipbuilding 6s 100 10-
Western Pacirto 5s oo,4 loo
NEW YORK BUTTER AND EGGS
NEW YOJIK. Oct. B. BUTTER Receipts.
8C09 tuba. Market easy. No changes.
EOaS Receipts, 10.178 esses. Market trreg.
ular. White eggs. 60003c; browns, 48052c;
otber gradea unchanged.
TOO LATK FOB CLASSIFICATION
DEATHS
ROBERTS. Vt Haddonfleld. N. J., on tho
Tenth month. Fourth day. THOMAS MATHER.
huaband nf Suaan II. Roberta, aged 62. Due
notice of funeral will be given.
HALLOCK. At Philadelphia. Oct B. SAM.
PEL HALLOCK. father of Mrs. Mary Hallock
Oreenetralt. aitej 80, Int. Plalnfleld. Maae.
nURNS (Vt. 8, at Providence. R. I., VIO.
LET CATHARINE COMArDHD, wife of Robert
Hums. Relatives and friends Invited to funeral.
Hat , T;30 a. ro.. from tha realdenre of her
brother. Daniel Comaford. 6125 Da Lancay at.
Int. Holy Croaa Cm Solemn maaa of requiem
at St. Carthage Church, 0 a. m.
HOEPFNER Oct B, CHRISTIAN, huaband
at Sarah J. Hoepfntr (nee Paul), aged 81
Relatives and friends, also Meridian Sun Lodge.
No. 158. F. indA.M, lnvltad t funeral. Bun ,
i p. m., from 4S03 N. Warnock st. lot lit.
PeacCam.
rwAWmYWMAi.ir,
20 23
0 10
i'A 2
V
VK 7T4
1 IW
t 2A
ITit 2
94
2Vi 3
4 6
30 38
12 18
I .- ju x' ji'iy"" '
LOCAL WOOL INQUIRY
INCREASING RAPIDLY
Manufacturers Are Busy, With New
Business Beinj; ObUlncd nt
Satisfactory Profit
A larger inquiry has developed In the
local wool trade during the last month, and
especially so within the last week, for neece.
medium and high-grade wools, says the re
view of Philadelphia trade Issued by R. G
Dun A Co While considerable wool Is being
taken for Government orders, the bulk of
the demand at present Is for civilian busi
ness. Virtually all of the mills through
out the country are running as full as labor
can be obtained to operate the machinery
Orders for new business are being obtained
at a satisfactory profit, and a healthy con
dltton exists.
Continuing, the report says-
"Most of the mills are said to hae
ample supplies to run them for a consider
able time. New South American wools are
freely offered, but at a price considerably
higher than for the corresponding period
of last year Buyers are few, so far. on
account of uncertain shipping facilities and
high prices.
"Owing to the high price of piece goods,
manufacturers of men's and women's wear
ing apparel are buying cautiously, and a
number of them are not placing orders for
spring .Some are looking for a reduction
In prices The cloak and suit manufac
turers cumplaln of general business con
ditions. Manufacturers of dresses, however,
are fairly nctlve. Shrltwalst manufac
turers anticipate a good business Man
ufacturers of men's and boys' clothing are
experiencing difficulty in having their or
ders filled for piece goods. In the wearing
apparel line the manufacturers have found
It difficult to obtain competent help.
"Tho electrical trade reports a good vol
ume of business In connection with Gov
ernment contracts and work of a similar
nature Considerable activity is also noted
In connection with building operation work,
and household specialties are moving fairly
freely Jobbers and retailers are well em
ployed and manufacturers are busy Prices
are reported firm and collections fair.
"Tho btove trade reportR a satisfactory
volume of business with the opening of the
fall season ; staple goods are moving freely,
and supplementary heating apparatus fair
ly nctlve. Foundries are operating to about
&Q per cent capacity. Jobbers and retailers
are busy. Prices are firm and collections
fair.
"In the lumber market there has been a
slump, owing to the fact that operative
builders have not been so active as In the
past, and while thero has been a slight de
preciation in prices, this Is believed to be
only temporary The car supply has been
fair and the retail yards are somewhat
overstocked.
"The trade In domestic leaf tobacco has
been reported fair during the last week, and
moderate sales have taken place In Penn
sylvania. Connecticut and Ohio. Sumatra
and Havana aro high In price and some
what scarce, and few sales reported. Cigar
manufacturers report good orders from out
of the city, but business Is somewhat re
tarded by scarcity of labor The local retail
trade Is Teported In fair condition. Collec
tions continue slow.
"Wholesale grocers report a satisfactory
volume of business, staples In general are
high in price, and the outlook for future
business Is good. Collections satisfactory.
"Coffee futures show little life ; business,
however, Ib sustained probably on account
of Its cheapness.
"Tea continues active, prices high, owing
to scarcity of that commodity. Collections
are sntUfactory.
"HolderB of raw sugar are not making
any effort to effect sales, owing to the fact
that sugar Is at present In the hands of
the Food Administrator, with possibility of
having 7.25c kugar."
CLOSING LIVE STOCK PRICES
CHICAGO. Oct li HOOS Receipts, nnoo
head: tomorrow-. r.OOO head, nest hogs Sc hlaher,
others weak. Uulk. 8 3igin 40. light. I17 0O
.j'JATTLE Receipts. 3000 head. Market ateady,
S"ELrnTb"'cnn8 rlo0000 h"d' Marl" """
KANSAS CITY. Oct n CATTLE Recelnla
ln!','U,S,", "' -"HI nd weak. R'c"1"'
lowe Pt"' ,5ll h"'1 -'arket 10023c
SHEEP Receipts. 3000 head Market steady.
SOUTH OMAHA. Oct. S HOtls n.r.i.,..
W ''"I. Market Vloseti sieidy S -'"
to lo"' """' ,K0" "'' 5'ket steady
stufr"3unn""P,S- 3r'00 hM"1- r""'" ""
BAR SILVER
Tester- Ijist
-1017
v . rolay rlav Sat. Utah T.ow
New York (rents) !! n2 D7S lnW 7IT
London (pence) . 40J 48 4!)4 '-,, ' jl(J
H
PUBLIC
la
CORN PRICES FIRMER
ON BROADER DEMAND
Stubborn Resistance to Selling
Pressure and Popular Temper
Is Less Bearish
GRAIN I1ELT WKATIIF.R FORECAST
CHICAGO. Oct, 5 Illinois Fair and cooler
tonight, with frost In north and cenlrelt fat
unay and Sunday, fair. . .
MlMouri Pair tonight and Saturday and
Sundavi aontewhat cooler tonight.
. MUronsIn Fair and rooler tonight, with
heaty froMai Saturday, fair,
.Minnesota Fair tonight, with frosts cut!
Saturday, fair anil warmer. .. ....
Inn a Fair tonight, probably with froeta
nnd slightly colder cost and rentrali iaturuay,
fair, with rising temperatures.
North and South Dakota Fair and Marnier
tonight and Pnturda).
ebraska F.tlr tonlgtit nnd Saturdavi
Manner Saturday nnd In northwest tonight!
Minria, probably fair.
LatiAae FnY tonight, Saturday and Run
davi eomeuhat uarrccr Saturday in north nnd
et.
Montana nnd Wjomlng Fair tonight and
Saturday.
CHICAGO, Oct. 5.
With a broader demand the corn market
was firmer today. There was stubborn re
sistance to selling pressure and the pop
ular temper was less bearish. Tho war
news was not as spectacular as had been
rumored on Thursday and the weather was
colder, with predictions of frost In part of
the belt. Frosts hac lost much of their
terror.
Selling orders caused a slight decline In
the Initial trading, but the loss3 ere re
covered quickly The market at Llerpool
was unchanged, although bujers were
anxious and offerings wure light
The top on December corn was $1.19Si.
the bottom ll.lla and tho close It 1014
bid, against J118a at the end yesterday;
the high on May was $1 16H. the low
SI. 14 and the final 11-16 bid. compared
with S1.15ii, yesterday's last price.
Oats rallied after showing easiness.
Most of the local professionals were short
and picked up offerings to cover sates early.
Weakness In the cash article was a pressing
Influence, and December responded to buy
ing less promptly than did May, which Is
selling at a large premium over the nearby
positions. Offerings from the country con
tinued absent.
Standard in the tainple crowd was 60 M
HT61V4C against 01 62c yesterday. The
high on December wis BDHc tho low 58Hc
and the close BDHG9c, Compared with
69c, the final quotation of yesterday;
the best on May was 6t'ic; the bottom,
60Sc and tha close 61'i061c, against
60ic at the end yesterday.
Advices from Minneapolis eald that It
was understood that Government orders had
been placed with a number of Minneapolis
mills for Hour for the use of American
troops abroad, the orders ranging from
1000 to 100.000 barrels each.
Bradstreet's reports the exports of grain
for the week with comparisons, figures in
bushels, as follows- Wheat, Hour Included,
4,307.459, against 4.122.S25 last week and
7,882,717 In this week last year. From
July 1 to date, 60.898,527. compared with
113.432.325 In the same period a year ago.
Corn, 424.428 bushels, contrasted with 366.
693 last meek, and 1.116,228 In this week
a year ago. From July 1, 7.997,301 bushels,
against 16.946,550 In the corresponding time
last year.
Leading futurea ranged aa tonows:
Cnrn fnew delivery
Yes'dav's
close
-,'" 1 1
1 Uh
1.11't
1 IS1.
unen ttign
IOW
l.t4i
1.1SH
flose
Jan.
Dee
1 I. .'J
I. IP'S
1. Ill's
r.au
nail
01'
I m
Mtn.
1 IS
1 14
1 lS'I
1 tri'I
1 H
now
oats
Oft .. ''4
Mav. i.0
Lard
Oet . . 24 2.'.
Nov. . . IM -2
Jan... 23.50
Ribs
Oct. . . 27 no
Jan . . .4 SO
rork
Oct. . . 44 00
r.nt.
r.i
01t
uo't
24. ft
.1 HO
V3.T.1
27.2.1
24 j
44 42
4M ..".
24 M
24.20
23.50
27.00
24 37
44.00
4S80
24 40
J4.S0
t23.70
27.25
24.00
44 42
t4B 20
124 0-.'
24 'JO
23 .13
t27.nn
24 .-..
Jan 4 on
t4fl.20
Bids tAsked.
Cotton Bujers and Sellers
NHW YORK, Oct. 5. October Cone bid;
Young and Sellar offered.
December Russell, R. Hubbard, W. Gu
moens. Cardora and Mitchell bid; Peers,
Hopkins. Hentz, Wilson, Newman, Hartcorn
and Freeman offered.
January McKnany, Rlordan, Cardoza,
Jay, Mitchell, Sellar and Cone bid; Downs,
Young, Hyman and Johnson offered.
March Ray, Hartcorn. Hentz and Hage
dorn bid; Hyman, Beardsley. Wilson, Par
rott and Brooks offered.
May R. Hubbard, Hentz, Mitchell and
Beardsley bid ; Olfford.and Downs ofrered.
July c Hicks bid; W. Gumocns and
Hartcorn uttered.
Paris Bourse Steady
PARIS, Oct 5. Tho Bourse was fcteady
today.
"Inside Facts" on
The Ri Games
TAHE World's Championship Baseball
being covered for the Public Ledger by
JOHN J. M'GRAW
Manager of the New York Giants
GEORGE M. YOUNG
Baseball Editor of the Public Ledger
Reading these articles is the next best thing to oc
cupying a grand stand seat throughout the big games.
They will analyze every game, giving fans the
real "inside facts" as seen by experts.
Don't miss their descriptions of the opening game
in Sunday's issue.
Exclusively in the
COTTON ADVANCES
AFTER EARLY BRB.
Decreased Demand and It
Weather Encourage Expect
tions of Increased Receipt
COTTON nr.LT WEATHER CONDITIO
.-nkw vnnK. Oct. 5 In the cotton
this morning It was clearer and warmer,
Tng rAllAl..A, a. a a. .,
a j,.iiY.""i' : .Km?1, .ir". ""- r.
1-Apt Nmltt. Rl, Qt... .... . l .1.1. -
Innooga. Knoxvillo and Nashville. fl!)l Ma'
iiVi..',V. ..J "Rnn "n'l Jarkiomllle. B81 jvevr
NKW YORK, OcL 5.
The cotton market turned upward toward
the close and finished higher. Unsettled
conditions In financial circles were reflected
in a decreased demand form Wall Street
houses and ideal weather conditions over
the south, encouraged expectations or in
creased receipts In the future.
Tho tone was steady at ths opening,
October selling down 10 points and th".
first transaction in December was at a
loss of 13 points, but the buying was to
persistent that before tho end of the call
that option had sold up to a net gall, ot
4 points. Other positions were 1 to IS
points net higher.
The selling came from Wall Street and
western interests. Weithtr conditions In
the South were favorablo for the crop, It
being clear nnd warmer In all sections ot
the belt.
The favorable weather report, checked
the advance late In the forenoon, and thero
were reactions of some 10 or-15 points early
In the noon hour, under realizing and local
selling. Tha weekly figures showed a con
siderable Increase in stocks at Liverpool,
but Liverpool was one of the chief buyers
here during the morning. .
Testerday'a
r, . w C!P.. Open. High. Low. Last,
October 2. 10 .H 10 .'.. 8 ..V8N 2.W1..
December . . 2.1 as 2.1 1.1 2.1,0 2.1.111 2.1.S7
Janaarv 2.112 2.1 2.1 2.1.50 24. SI) 23.1T
March 2.11S 2.1.80 2.1.B7 2.110 2.1.SI)
May . . . 2.1 SO 25 38 25.0 23.33 23.38
Spot 21.&5 ,.
..Hi 1 "na '''',h. OS 1 Little IlofU. S(
ttl.rmjF,ll,m' ?4' Sn Antonio. Vlckabofla. ,'"&
:'.t!1I1,i"i).,1,,"'i Auaista. Thomaavlfle) ' ',
Ml,"1P,ntt4"".Wi Corpua t'hrlstl, Del Res, "
Liverpool Cotton to
LIVERPOOL, Oct B There was only a
limited demand for spot, with prices easier
and 65 points loner. Tho salea were 3000
bales, the receipts were 40,000 bales, lnclud-'
Ing 31.0p0 bales American. Spot quota-
tlons were : American middling, fair i
20 4.d;; good middling. 30.12d; middling.1'
19.31d ; low middling. 18 87d , good ordinary,
17.92d; ordinary. 17 62d.
MONEY-LENDING RATES
N1.W YOIlK Money on ca.l opened at
414 per cent; high, 4 '4; low. 3; last, If
closed, 3; ruling rate. 4J3 per cent.
The demand for time money was reported
today somewhat less urgent than of late,
but otherwise the situation did not present
any new aspects of Importance.
Money loaned today for ninety days at
6 per cent on Industrials, and there were
moderate transactions for the same period
on good mixed at 5 4 per cent.
Prime bank acceptances, both eligible and
Ineligible, are quoted nominally at 3H and
3"i per cent N
PHILADELPHIA Call, 5 percent; Unto.
5iSJ5si per cent. Commercial paper, threo
to four months. feVi5ti per cent: sit
months, B',254 per cent
BANK CLEARINGS
Bank clearings today comoared with mrtA.
spondlnc day last two years.
1017 im lots
Philadelphia .".S,S07.21 .ll..i.l.'.7lt ni.72..ni
New York .17.7(11.121 r.nr.(17,743 471.5.90
Boston . . . Sn.t2! 401 31.421 00 2S,21t),lll
naltlmore . . 7 .171 Rio .1 san.nsu .
St. Louis .. 21.437.470 10.30ll.490 ....?..
Chicago . . M.204.312 71,704.320 ,.
FOREIGN EXCHANGE
NEW YORK. Oct G. The only feature
of the Foreign Exchange In the early deal
ings today, aside from steadiness, was the
development of further strength In Scandi
navian exchanges.
Quotations were: '
Demand sterling checks 4.75 S-16. cables
4 76 7-16 ; sixty-day bills nominally 4.71Ht, 3
4.71, ninety-day bills 4.6904.694.
Franc cables 5. 774. checkn 5.79 U.
Lire cables 7.72, checks 7 73.
Swiss cables 4.66, checks 4.68.
Guilder cables 424, checks 425..
Pesetas cables 23.35, checks 23.23.
Ruble cables 1C4. checks 15.
Stockholm cables 37H. checks 37U.
Chrlstlanla cables 32 U. checks 32.
Copenhugeu cables 31, checks 3l'J.
Series -is
LEDGER
AtaAav asia.1
- 1W
Jg
r H
?
U
t-
11
.'
Vi
!
l-
jwivi fftMKjM MrtM Auutt 81, l?JTthe balance available Lror replacements
&&2a&ttVwWmMfc z
erw .-4, j vrrcimmmh
tKfr.tfHr
e"WS
Hw
. . - i
M
'