V
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i-
K
"KVKN1XG l.BlXmK-l'IULADHLPiiljV, SATTtttiJAY, OCTOBER ft 1017
I
TMPAY
T0FMTICTV0UR
MOMft rntM FIRE
WHY NOT PAY
TO KEEP THEM FROM
BELGIUM'S FATE?
IF YOU DON'T
COME ACROSS
THE GERMANS WILL
FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK QUOTATIOj
STOCKS DECLINE IN NEW YORK
FOLLOWING GAINS AT START
Interests Who Came Into Market Recently to
Check Downward Movement Supply Demand.
Low-Priced Rails Advance
High Points in Todag's Financial News
Decline followed good advance for stoqks in New York. Holders, who
recently bought to check downward movement, were seller. Curb business
was small. Corn and cotton were higher. Foreign exchange was dull.
New York bank statement showed big increases in loans and surplus. Dank
clearings throughout the country for the week were larger, liar silver
declined in New York and London.
P.EILLY, onOCK & COMPANY
r
AN
Exceptional
Opportunity
in order to Rive proper attention
1o their other business, the owners
ot the Jager Knulne Co. have de
termined to dispose ot the rood
trill, patents nnd entire equipment
now belnc used In manufacturing
.lager Marine and Stationary Gaso
lene and Kerosene IJnglnes.
Theso Engines, because or their
real worth, have secured a splendid
reputation and aro largely used all
over the world with unqualified
vuccess.
This sale offers an unusual op
portunity for the right parties to
secure a going business, which can
bo very largely Increased.
Interested person are Invited to
make a most critical examination
Into thn past success and future
prospect of this business, whlc!v
will bo sold on very favorable terms
For full Information address
Charles J. Jager
15 Custom House Street
BOSTON
-
'Iro Holders of
Liberty Loan Bonds
First Issue
'Analysis & Compar
ison of Conversion
and other features of
First & Second
Liberty Loans
Send for Special Circtdar No. !5t0
Bonbright & Company
jionnis wisTArt sthoud. Jr.
Manager
437 Chestnut St., Philadelphia
Kew'TorU Itoaton Chicago
London Tarls Detroit
Credit Manager
Young man with practical
experience wanted by old
established house. A good
opportunity for the right
man. Give particulars as to
previous employment. Re
plies confidential.
B 328, Ledger Office
Strengthen Your Credit
by Including among your assets
United States Government Bonds
Wo are prepared to receive subscriptions
to the
SECOND LIBERTY LOAN
qf 1917 for any amount and In the most
suitable way
A. B. LEACH & CO.
iNconroiiATRD
115 South Fourth St.
Charles J. Bender & Co.
INVESTMENT BONDS
llrinbern Philadelphia flock Kithanse
NORTH AMERICAN BLDG.
U-'M-J"
1.43.VUS4
40S.00U
SI. 1117
RAILROAD EARNINGS
TKXA8 ANU I'AdFlC
11)17 Inc.
uurth wetk September 6m(I,:ui; i.i.Klf
lonth . . l.Ksn.av. .vi.nr,T
ram January i li.Bis.jos 1.730,7:18
JIISBOiml KANSAS ANt TUNAS
iAVioniti . . 3.7&!i.nm ins. hoi
S&."rom January 1 30 oal isa 3.i07,578
j? AUROKA KIQIN AND CHICAGO
y! "'Aiuust srosa . $217,103 ,18.789
r? 'im. . TI.22B I.S44
, imixni pionina srosa
,. Nat.
Decrease
SOUTHEnN RAILWAY SYSTEM ,
i Lines east and went-
Fourth tree. September . 13.127.610 1443,832
Month ... 10.1)1111,401 1.058.002
ra ,jiuy i .v.K,ii,-.!M 5,084.007
' MOHU.E AND OHIO
Will vyesk September Si.n71i 110,0:0
HIM -" -.'". l,,tU
ii juiy i i,iiw asa.jzi
OKOnOLA BOUTIlEItN AND FLORIDA
th. tu September ,77,008 14.189
l . ..u IV.ilUU
July 1 W0.2S7 01.108
CHICAUO AND EA8TKHN ILUNOW
NKW YORK, Oct. C.
The stock market maintained u moderately Htionn tone in tho early pnit
ot the first hour, but It was not Ions before the show of strenstli dlsappeui el
and the Important changes at the end were to substantially lower prices'. The
toom traders were tho principal bujeis of stock on the Initial upturn and stood
by their guns foi a time, taUhiK stocks In fnlrly large volume when recessions
first occurred nnd caused another rally.
There was plenty of evidence. Imwtver. that Intel est who rame Into the
maikct to check the downward movement n few days ngo had taken advan
tage of this demand and supplied nil the stocks the market would absorb,
offerings from various sources nupposcd to he Ioiik of many stocks! inricased
In the last half of the forenoon, tuuslni? ftesli declines, nnd n number of stocks
then sold at the lowest record renrhed so Tar on this movement.
There was a demonstration on the bull side In the low-priced railway
Issues, which later may iissumo moip Impressive proportions nnd stealer visor,
but It was only of trtnporinv Inlluence, tho buying being checked by weakness
which deelopcd In ;i nuinbci of the Industrials.
United States Steel rommou, after frequent variations during the first lioui.
when it ranged from lOS8 to 107"8, after n rally dropped to a new low point for
the da. There wax unusually largo trading In MIdvale. which sold down from
5014 to 48Vs. the lowest price at which it sold since It lias been traded in on the
New York Stock IWclitinite.
The attendance of the lloor of the Kxclmngp was smaller than on many half
days on Saturday hi mldiumnicr.
Trading In the I.lber'.v Loan bonds continued the most piomlnent feature
of the bona maiket I hat Issue being; heavily dealt In at 09.7S to 99.72. Foreign
issues continued weak, with Angln-Trnncli r,s selling down to 02.
Liquidation Outstanding Feature
Liquidation lia contlnuid the outstanding f entitle in the Wall street
dltrict this week. It has dibpluvctl no sign of abatement. Its urco Is
not confined to any specific lass, but is altogether general nationwide, It mu
more propel ly be described. Institutional foiling appears to have been a
pa.ticular fcatuie. How fut piepaiutlon for subscriptions to tho new war
loan also is a factor It is dilllcult to estimate.
That the full ionization of the tremendous buideu ,! be Imposed tinder
the War Ilevenue law muM be credited with responsibility foi no small portion
of the liquidation theie can be no doubt. Heretofore this phase of tho matter
has been somewhat huz but the actual passage bv both Houses at Congress
,.t th. tt-vomi.. 1,111 In its lln.il form has biought homo In a dellr.ito nnd clear
form the financial buidens that are to he bornu by thue who sta at homo and
especiall by captains of industry and men of wealth In general.
Frightened Interests Unload
Still another source of liquidation Is coming fiotn interest li me gen
uinely frightened as to tho ciTects of the war. When the conlllct stinted in
1914 the stock exchanges tlnoiigliout tho woild wou promptly closed. In this
way j)anlcky Belling was a ei ted. We undoubtedly ure Just beginning to realize
that our own entrance as a participant was a development of much greater
financial import than was at llrst appreciated. Senility lu.ldors nie soiling
and each additional evidence of liquidation seems to create a deslro to sell
securities because of the fear that even lower pi Ices mav become current.
Thera is, ot course, no real justification for this unreasoning belling. It never
theless represents a stnte of mind that it is exceedingly diflicull to icassure.
The lower the prices go. tho moie insistent and peremptory are tho calls Tor
additional margins and the greatei necessity for clients to sell pai t of their
holdings to protect the lcmainder.
With tho virtual collapse of what weie foimuily consideied such gilt-edged
Investments as New York Central, St. Paul. New Haven and even Delaware and
Hudson, all ot which hao been so widely held in the Kast, it may be appreciated
how really severe has been the shock to investment confidence. New York
Central, for instance, lias sold below "4. A few months ago, as a special priv
ilege, lLs stockholdeis were accoided what was considered the valuable opor
tunit'y of subscribing to new stock at pur. while In 1910 the price- was 11-Hi.
Delaware and Hudson lias sold about 95 leeeiitly. In Januaiy of tills year the
quotation was 151, and In Octobei, 191U. it was luC. St. Paul has broken below
GO. It was 92 in January last, and 102'i In January, 1910. Now Haven's
collapse has taken somewhat longer, but la none the less sensational. Its recent
low price was 21H. which compares with &--'7s in January. 77' in January,
1916, 1'.'9", in 1913 and 235 in 1902.
Banks Do Share in War
Although the war bill, which the L'nlted States has conti acted during the flist
six months Is stupendous, the banking world Is not staggering under its weight,
Krancls II. Slsson. vice president ot tho Guaranty Trust Company of New York,
said. He gave assurance that this country would easily bo able to meet all
Its obligations.
"We aro leallzing now. as never befoie. that our national monetary condi
tion is absolutely vital to the life ot tho nation and the uxlstence of every
citizen. But wealth and capital are lio-Ve. I'pon tho bankers falls the duty of
assisting the Government in mobilizing this wealth in the form ot credits,
which they are nobly doing.
"At the very begin:"ng of consideration of the financial activities of this
country it should bo lemembered that we entered tho conflict In a peculiarly
powerful monetary position.
"Our wealth today Is more than $20fi0 for every man, woman and chltd in
the cotintrj.
"The total wealth ot 'Cheat Britain, Franco und Germany amounts to
$227,500,000,000 The national wealth ot tho L'nlted States alone nggiegatcs
$250,000,000,000
"The amounts uuthoiized for war purposes navo readied u total of
Jl,30G,870.000." Deducting fiom this sum J7.000.000.000 provided for advances to
our Allies there remains only a balance of $11,300,870,000 for the L'nlted Stales
war expenses during the current fiscal year.
Libert u Loan Among Railroad Men
With a vast seiies of special lotal oiganizations of oltlcciH and employes, the
special Liberty Loan committee on railroads, headed by I'reildont Alfred If. .Smith,
of the New York Central line, has gotten under uav Its second nation-wide cam
paign to reach moro than 1.500,000 transportation workers or all ranks The annual
wage earnings of this rallioa-d army are approximately 1. 500.000,000, or Jt.OOO.OOu
a day
rhalimau Smith has called upon all railroad executives in the country to exhaust
ecr effort to double the sales made to railroad workeis in the lirst Liberty Honcl
campaign, when 241,280 Individual employes subscribed a total of $20,027,966. This
amount was In addition to approximately $50,000,000 of bonds taken In large blocks
by the railroad companies, and the wide scattering of the securities was made pos
slble through the corporations arrangement that emplojea make payments In
monthly Installments from their earnings-
Telegrams Just sent to more than 500 railroad presidents throughout tho l'nlted
States urging Bpeclal organjzod efforts for sale ot the second Liberty Loan read as
follows
"The Liberty Loan committee, under direction of the Secretary ot the Treanir.
again requests the undersigned to ask your support In selling Liberty Loan bonds to
railway officers and employes ot every grade. H Is deemed desirable to make a
concerted effort by all roads In the country to put the opportunity equally before all,
along tho general lines adopted with respect to the first Liberty Loan, offcrtd last
spring. Your committee's experience emphasizes the Importance of prompt nnd
thorough special organizations In order to obtain effective results. Please wire If
you will co-operate."
The telegram is signed by A. It. tjinlth, chairman: V. D. Underwood. T II. Trues
dale, Henry Walters, Walker 7). Hlnes, L. Y. Loree and John U. Dennis.
MONEY-LENDING RATES
P1IILADCI.FI1IA Call, G per cent; time.
ZifS'ii per cent. Commercial paper, three
to four months, 6U5 per cent; six
months, &H05H per cent.
S1.S30.104
.13.140
40H..104
1S.71U.771
:,II,77T
groan
itlnir Income
enthj cross.
2.
tInS"4nrome 3 040 SOS
GREAT NOHTHEHN
-iiiswit sross $s. I73.H30
Si . lU oparaUIBX incomn 2 552-2!!'
; , tucfat astftth' cross 39 377.773
-vtt 14 ativ, foi
. Mwsjtlns; (Income 14 Hit. 631
BCHLMJCjTO.V
I0,SS.uor.
,nin
I3CR.300
U7,OHf.
89.718
I.&O.1.00H
073,1 81
SSI. IBS
iteo.sn7
77S,21.r
4 SftD.r.OO
t 4S2.7M
1 119.84V
1740,337
74.4tlt
037.Si4
11 .14 1,0.
' FOREIGN EXCHANGE
NBW YOHK. Oct, 8. Nothing muttered;
very much In th Foreign Exchange market,
today, except Dutch and Scandinavian ex
changes.' These were reported scarce and
the result was Increasing firmness and new
high records' In some cases.
Quotations were .
Demand sterling, checks. 475; cables.
4.1 7-I. Sixty-day bills nominally,
4.71 ti 3 4.71 11 ninety-day bills,
4.fcHi4.G94
Franc cables 6 7J. checks S 71 U
Life cables 7 12 checks 7 7S
Swiss cables 4 69 cheeks 4 72
Guilder cables 43. 'hecks 42H
Pesetas cables 23.15. checks "ii 25 .
Ituble cables 1I5H. checks 15U
Stockholm cables 37 ix. checks 37 U.
LOCAL MINING STOCKS
TONOPAH STOCKS
Bid
! NEW YORK i
Net
lllth Low t'lose line
Alaska Hold Mines 3-V, .114 Bi '-'
Allls-Chahneis Co. 23 -! 2i'M "4
Am Can 13V. 44U 44.i Vt
Am Car & l-'dy Co. fl!) 0!) -'
Am Int Cor ,49 49", 494 V
Am Locomotive... oou oo eovi 1
Am Malt tik ! 1 M
do pref l14 Onil B01i IV
Am Hincltlng... . 05?; 0 94 "i
do pref 10714 1074 10714 V
Am .Sugar 109 losti, lomii K
Am Tel & Tel. ..11314 H Hl't ''
Anaconda . . . 70U on1), U V
Atchison .... 90V not, nn(, -4
do pref . .. . 93 H !i:l n.l4 t V
Atl Otilf & W I .t0l,4 10114 101 U
do pref 01 (II Bl 1
Haldwin Loco Co.. 0Jj 01 01 V J V
Halto & Ohio 00 JIOT, Wn '4
do pref .... 064 3- 0S 'i
Ilarrett Co D ftUli 99 ' "
Ueth Steel II MU 8 SO'.i V
iloprtc .. . . !)U 97 '.4 t"'i "
flrooklyn Itap Tr. 68 s H
Hums llros too',4 tooi loo',i 1V4
Butte &. Supr Cpr . 2314 23 23 14
fal retroleum ... IS4 t'4 tVi V
Canadian Pao lt HDi I49 .
Cent Leather ... XI 3'4 3',4 ?
Ceiro dp l'asco .. 3214 33 I '.4
1 'lies A. Ohio .. . A.VI,, nil. .1 V
eh! M. & st i' ... i',4 aar '
do pref 9CS C!s 4!A T
Chlo & Xorthni-st 10:1 10:1 103 I vj
fill It I & I I c . SrtU 237. 23T4
do 6 p c pf I r ft! .V! U2 ' Vs
do 7 P c pf t c 0t fll'n !U
Chile Copper . . I7'y 17 14 17'
Chlno Con Coi-pci 4914 49 4 tl'W 'i
Ool Kuel Jt Iron.. I Mi 42 14 42 t- 14
Col Gas S. i:irf 3K S'.t 3' ',
font Can ! !7 , '" 4 '
Corn Products St, 30 15; 30 "i
do pref .. . . !''! ' 1 '
Crucible Steel til 7 1 "4 'IVt '4
Cuba Cane Sugar 29)i 29 ".' 4 'f.
Deero "o pref .. ion 99-Ti 100
Dome Mlne , . . . h s 8
Distillers Fenir. 35'i .tfi'.i -llti '
Kile 21 204 20i, '
do lit pref . .. Al'i 30'4 3 Hi -) 'Si
do 5(1 pref ViVi 22',4 52 ti - V
r,en Kleo Co .... .39 13914 I3C-4 I
(ten Motors ... 9014 " 9i
'loodrlcb. It V ... 3U isti 4S'i 4 t;
iranbv Mlnlnp . '. : '
"It Noun Or sni-s tf 3l' 3lt '
liisiilratton cnp f.at. in'i 4!nt ..
lntcrb conv pief . 42 52 fit I
Int Mcr Murine 111 "fi-'i -''
do pref . .. s.va, H' P '
Intel natlonul I'ap '. 2f!a '-"'-'i - 'a
Int Nickel T"i SI :
Kan City South l'i is IK"i 14
ICenncflott Copper .-isi, S8'( ss; V
Uiulta Steel si 14 sl'j l'4
Lehigh Valiev on .'.'13, fin '
Loulsv & Nash illi'i lift'; 5tN
Mex IVlrol .... !I3' ili'a 92V4 V
Miami Cm, Cop.. .131, 33'; 3314 - "
Minn & St 1. new 1314 I3!'i 13'4 1'
Mlil'ale S!ee r.ftti IHU I84 2
Missouri I'aclllc 2U, WU 28
do cifs .111 'a .Mi ."0 ',4 -I I
Mom Power . :, 7 Hi 7l!!i -t '1
X.it i.'nn Cable . :.-.'4 -li -''Ti '
N'ailonal lilscuit -Hi: III! 10!
N'evada I'on Cop 2n' 2n 2"
N Y Air ISrake lixij 11HU 11814 l"i
New York Cent 7ii'4 ".Slv "."'a '4
. Y N Jl A II auy, !S'i 30'-, IVi
Norf & West IOSO los',4 108?, (- ;
N'ortliern I'aplflc HHi'-i O'ITk 9!i? ',
Ohio das . . 13 13 43 V
Ontario Silvei S' .' .', -t '4
Owens Hoat 8314 s'i 8314 I- !4
Pacific Mall 2 2ii 20
I'enn.i It It . . .! 32 :!
Pcm Mani w 1 IK1. l',i l'i '
Pllts S. AVest ?a, 27 27
do pref . .. r.o 14 i.oii noli -, -V,
Pitts Coal . .10 50 5(i 14
Pressed Steel Car 3-'4 .Vi"i 59-J, V,
Pullman Pal Car. 137 137 137 2
Hay Con Cpr. . in, 21 'i 21', '(,
Heading . 83 8! 8! 14
Hep lion & Steel. HU? :'.)!H 79 ',
Itoyal Dutch 7 li ii;Vsi 7V 14
St L S K Id I5", l(i i)i
do pref w I . . . . :ni :! 3u
Seaboard Air Line It loT It
do pref ... . 25 2:1 'I 3 1
Sloss-Shcff S .v. I. 4! 42 4! I
s'nuthern l'.ic . 91 '4 l MI'.n
Sup Steel 4214 4 ."4 -'4 I- '.
Southern li II . 28i ;' 27-1, V
iln pief ... oi'j; ;ot l-i', -1-114
Sinclair Oil . . 3.1 li 31'S. 3l,i II
Studebaker ... 43U 43', 43i I
Twin Cop A Cliem 15 15 15 -) '4
Texas Company ..1.1.1 11914 14914 .114
Tobacco Plod .... 664 0I, B3 I
do pief II H 98 9X 1
Tiansue & Wlms. . 77!, 77!i ;',, , ',
Culoii Pacific . . 128 1271, 127', ..
l'nlted Alloy Steel I! 12 12
l'nlted cigar Sns IU87 ni'i, 107a, i
C S Ind Alcohol. .130 1311', 1311', '',
lT S P.ubber . ..;'; .i;'. 37? -
do 1st pief . 10214 101 '4 10!', -, Vt
I' S Steel I08li 1071, 1071, l',
do pref . 1 130, ll.1" lis?, ;,
I'tah Copper 890, 88', 881', l',
Wabash pief A . 40'), n.. 40", ij
do pref I!. . 21', 2IV1 24',', , 14
West Mao land I7T 17'i, 17-( a,
do 2d prer 2K 27 li 28 ,
Wcstlngh Mfg. .. W-U 4 114 44'a
Woolworth . .11014 110'. llfi',. 1,
Wheel & L 13 .. I2'. 12 12'i , H
Wilson Co (il 01 of
White Motois 12 41 42 I'i
Wllljs Overland 23-v 2.1 25',, 14
Wis Central . 431, 43 t 43", 14
Nnrf h .South . 211,
Norr t West pref. 80
North Amr ... Mi
Nova Scotia Steel O.li;
Ohio (las rts 03
Ohio Puel . . . . 47
! I' I't SI I, . . d'l
Pn-Am Pet vt. . 00
do prior pf ct.. 8S.
Pen Bast 7'i
Pcre Msrd pref 3S
Phlla i'o . . n.t
Plerce-Arrow . 37
do pref . . . 11.1
Tilts Hteel pref.. lm'4
do pref "fit-i
Pllts tr VVesl tiref Ml
I'ri1 fill Car pf.loo
Third Ave,,,
Tldwtr Oil
T HI 11 -V.
21 i
r-l Ml I. W Ctf .?ls
s do pref . J?
Transue fc Wlms 41
Va.Csr Ctiem . . Jp
lln "s Pan.. "'
lln llsr t P new. .f
l'nlted PruB . '",,
United. Uro 1- ."-
do 2d pref ,!,,
Uiitrksllver
Quicksilver pref. .
Ilendlne 1st pref
do 2d pref . .
Hep I S pref .
Ily Steel Srrlnx. .
Itv Mil .fprinc pf.
t
1'.
SS',
S'i
w,
4.1s
117
Ilnai uuicii .... iii-i
Havsae Arms .. 70
Saxon Motor . . . 12
So I Itlco S 207
Hcara-Itothiirk ,.1,13'i
Sears ltob'k pf..l2t
do pref M'i
Shatturk Aria . . 22'j
Standard Mllllnc. 80
do pref S5
Ht I, I- Southwest 9
Hnlrlinker .. 41',
Sludebaker pref , HO
Stutz Motor .... 42',s
Sup Steel ll pf too
Trvas I'ac I.-,
Texas rts jui
United Fruit I'fi',?
United 1J in,11',!;'
do pre? :.-.;i,i'.
United Vi " "7
li-AVo'fi.oo;
.. a ,. I tt r. t"
S sm 4. net Pt "
IMt
00
It s r.x press . ...
U M lleslty. imp.
,-as si li - ''7
I- 5 Steel pref . ljl(
rtah Pee . i
Ya-L'sr Chem
Va-.'-CoK..;1
Wabash '"
yvftW,v,,i! 5?,.
West fiilon Tel..
Wheel & I. K pref S2'i
Wilson (.0 Pi .liu
Wlils-Overlil Pf l'
do pref . .47
Woolworth pref 120'
Sales in Philadelphia
High
18 Am tins . . I00!4
10 ll.ikl Loco pf 99
.100 Colmb fl &i: 38'
100 C 11 1 ,t P . . 211
nico Stor . .
Ins Co N A
Ion Key Tel .... 11
30 do pief. . 7
3!0 Lk Sill) Corp 10
24 Lehigh Nav. 73
8 Lehigh V11I.. 00
130 MIdvale .10
loo Pa P. P. ... .111.
Phll.i Co lit. . .
151 Phlla Klec. . 27
3!3 P It T tr rfs 28i
10 Heading . . 821,
20 So Hallway. 25
12. 'Ion lleliiiont 4,',
Ton Ml nine. . .
I'lilon Trap . .
191 I' 1 . 741',
1120 C S Mfcel 1118 W
(In pf . .
2i W Cramp 711
1 ,,nv Close
10014 10014
99 99
37 'a
21
07
I.Vi
73
00
481,
Slli
2B
28'.i
82 li
27 a,
41-
:i'i
107'j
08'i
38
20
.1(1
Net
he.
14
14
-fl".
07
IS'.',
73
tf
48i
ftlTs
4-3.1
20
2814
82 V
27 -t
4
to
tti'4
7114
107 '4
U
?
I'!,
PHILADELPHIA MARKET IS BROADER,
BUT NO STOCK DEVELOPS ACTIVIT
Philadelphia Electric Recovers Further on Small TurJ
over Keystone Telephone rreierrea manes Uood
Gain Railroad Shares Improve
GO
s Belt
Theie was 110 large turnover of any one
slock In the two-hour session of the Phila
delphia, Stock Kxchange today, but the mar
ket was falry broad. Price changes were
generally narrow. Following the tendency
In New York, declines followed eaily ad
vances In several Issues.
Steel common was the moil actlte stock,
but was fractionally lower. Itallroad shares
showed Improvement. Lehigh Valley ad
vanced s. Itock Island H point. Pennsyl
vania a f taction, while Reading was un
changed. A fractional gain was msde by
Southern Railway.
Ttalrlwln T.nrrmiMlvA nt-,(i,...j
transaction, added , to Its price Kev,i S
Telephone preferred gained 1; nd ,JV
Keystone Telephone common wai ,. J . .'."1
Lehigh Navigation also picked ud l,m
Hon Philadelphia niectilc recovered J 'w
titer on a Tew sales, advancing halt T ti
I. 17. but lost part of tho Win l,ffl
Gas Improvement war olf 1,, Rapid t,.
tnitt ertlfleates wit ii.i.sS.n..j. . :5ns'l
elmont was off a small fraction
The Government's 3t,i per cent nw.
Bonds did little and the price dechneiT,
0814 314
Quotation given Is caterda'n close.
Toll I snlrs. 3711 fklnre. ruinpiired ullll 13.
119 slurrs rsteril.i t thus fur this ueek. 58,011
shnresi imr lierlod liist week, I'l.OlS shares.
1IIIMIS
lllsh l.im
SHOO Lie.- ,t IVop
Ti to ... 77 7.1'Si
looo l.eh Valley
gen Is . 83 83
2.1011 Lib tlomis 99,00 99.30
91I110 Phlla nice
1st 5s . . 1 00 1 , iih V
looo Reading Ren
Is 8't. 89'S,
I11I11I sales, 9,1.1,200, (uiiimirrd ulth SOi.SOO
.ie.lorU.ut t litis, far IliU Meek. Xt2l,7.10i Milne
period last week, Mi'JI.Sjo.
INACTIVE l'HILA. STOCKS
Following aro quotations for inactive
stocks listed on the Philadelphia. Stock Lx
changB and in which there weie no trans
anions vesierday. The price given Is the
laM previous sale:
Net
1 'lose. die.
7.1", li
81
99.30 .10
99
89-
.Mil,.', s li..
Arii (J isiir
Amer Mill
Ain Jlwys pref
Amer Stores
Am Stoi-s nf
Huff & ius t 1
do uref . .
Brill J 0
Cam Iron
Cam siei
Con Tr.ii: N I
(leu Aii'hau
deo Ai.p iirtf . .
l.rh Vul 'ir
20't
I'i
'
SH
.17',
nj
r.s
no
. 20
4.-,
141
71
, -O
. 1.0
. 27',
Lit tiros . . .
Little Schuylkill.
Mlnehlll
North Oiil . .
Nnrlh I'enna
Phlla Co
Phlla 1ra't
! II T .
Kws Gen . .
I'n Cos of N J
Warwick Iron
West coal
W Jeraey t bta
York Uwjb . .
Vurk Itiw pref
24 '4
.11
r.i
79 14
90
33
74'i
203
9
27
47i
It
38
L
New York Bond Sales
Adams nsoress..lls
Advance Ilumley.
Advanc ltum nf -H
Ajak lliibher . . ''
Alaska Juneau ,r"
Allls-Chalm i'f ii,
Am H-ei us'' ,ir,
rcCem.-tt
An UTf.t ?
Am WftX Pus. pref h
Tiststl nlii. .tt.'OO hlllirt. nmunrsvil ..111.
RCM,4M) fchirt-i r-tTIa: thus far this ek.
:i."4fl.1M0 Nhurj Mine iitrlml Unl erk. n.lll,
HiMi fcliarfu,
INACTIVE NEW YORK STOCKS
Following nie quotations foi inactive
New York stodis and in which there were
no transactions vesterdav The price given
Is the last pievious .aie.
Detroit IMiton ..12.1
ll-l l.K. I; & nil
Hen 4 T.lo f!r of M
Klec Stor Hal. . fiS'l
i:il.liorn fuel . "S14
(iatton VVIms-VVI. .!'-,
General Clsar. . :i0'-i
ilo Drtf 118 Ti
Cell Motors pref 74
Oooarlrh B P pf.108
(treat North pref 10J
ilrnene Can Cop . 47
Cult Stntea Steel ll.'i
Oulf S Sll 1st Pf 101
llariman Corp 02
Haskell Barker 30
Havana Her ...Jol
Horoestaks Mln. 107 4
Illinois Cent inn1,
Int Acrlrul 12
lo nref tl'i
Int Ilarv of N J.110,,
ilo pref 1 14
Int Nickel pref..!03VS
lot Paper pf sta. 0"4
Interb Cons Crp fV
Iowa Onv .. ... 4li
do pref Ml
Jewel T4 3314
do pref "8
Kan City So pf.. 80
Kelly-Sprint 4.1.,
Keok t. II U... . 414
Laclede (las 07
,aks Krl U W. 1214
l.k Erie 6 VV pref 20
I.e. iluh k tire.. 1714
las & M T zoo
lllsh Low 1 lose
llMlim Aiiklu-I'renih .",s !US I'l'i 02
mmiii Amur Hide n I. Us "CHj i, 1111H
.1000 Am For Sen r,s ii.l'a li.l'j n.l's
11(100 Amer Smelt & lief 3s M fll'V 14
I211011 Amer Tel f. . !iii, m,i imv,
looo Amer Thread Is H7' H7' 97
toon Armour Co 4',s . mi's 89' sitjs
1000 Halt & Ohio rv 4'i" . I..'1. 82. S2s
3000 llronklyn It T 5s 191S;. 971. 1171.
1400O Bordeaux lis I'd1, KO'j IMl'i
noon Can (iovt n iji ii.i , iir.1, ii.-.
2.100O do 5s 11131 ll.'i !I4' 93
lnoil Chin Copper 7s .Ill's lll'i lll'.i
lllllll Clies S: O'lln conv 5s S2 82 82
anon Oil Ot West la .. il.l ikt 113
7O0O Oil II A Q Joint Is.. US', til', 114'i
21100 Corn I'rodduits 3s '31s !I7' Ii7' Ii71
HOOO Chi II H Q Tea 4s . I4' j IM'j Ill's
L'000 Chi Mil P rfd 4'js 73 73 73
1000 Chi It I ct P rfd Is H7'j OT1 I17'4
2OO0 do 4s . . . . 7S 7t 78
311000 cii of Patls . 91 !iois iio'i
.Vino Con (las conv Os. .M3 Mas, 1031,
5000 Chi P.wys 5s 89, Mil, hnl,
2M10U 111s isecur corn da . .11
1000 Trie ronv 4s ser 11 . 48
24000 Freneh Kep S's a . . '
1001) Hud & Man rfd 5s r,4'
loon Indiana hteel 5s ..Inn
2(iihi Interli Met 4's 5S
10000 Inter Mer Mar lis . . Ml',
3000 Internl Paper 6s. .100
IIO0II Kun f'ltv So 1st 3s . 32
1000 Lk Sh (lob 4s IH28 . 8H,
1O00II do deli 4a 11131 . Sh
30011 Lit: & M T .Is . . Ull'i
10OO dn 7e . . . 113
sunn i.oilllnid r.s or.
823000 l.llierls llunil :iljs 119.78
700(1 l.vous 0s . . !MI,
15000 Marseilles l,s :iii,
.1000 -Viet VVml Hi Chi lis till
BWioil Mo IMr cm 5s. . .-,,
1000 Muntnn.i I'ower .Is . ij
C.0IKI N V ! . II (if IIS
51100 N v city 4!ja mo-, lot',
5000 do 4iH Nov 1057 I01
000 N Y (las 11 A- I 5a USli
ATTENDANCE IS SMALL ON CURB,
WITH PRICE CHANGES TRIFLING
Interest in War-Order Shares Continues to Dwindle!
Petroleum Men Wait on Government Price-Fixing.
Independent Oils Are Better
NEW VOUIv. Oct. .
Theie was only a small attendance ot biokeis on the Broad street Curb lal
ine niu 11U1113 ui iiuumg iuuu.y uuu 1110 iiii.t; iiiuvciiichiq, wen in me most Dromb
neni ieainrcs, weie nanow ana tvunout importance, xnero was a contlnutJl
(lwindllng away of Interest in the war order Issues, and it was apparent that thl
group of stocks had lost nil Its public following and would soon be relegated tol
oblivion. Only one sale was made In .Aetna at 4"j, and In the early trading then'
were no ttansactlons In Curtlss-Aeroplane. j
The activity In Wright-Martin the last few days continued to some extent lJ
the forenoon trading, with sales ranging at 10 to 10'i.
The petroleum tiade interests and dealers in petroleum stocks have taken A
place on the anxious seat, walling to see what the Government will say about thai
terms on which petroleum and Its products will bo sold. In those circles the belltfl
pievalls that the petroleum business will be harshly dealt with.
There was a firmer tone, however, to the active Independent oil stocks after!
icceni recessions, wun -uiuwesi ncums ,-iu iu .in, vjKianoma .rroouclng at I'i
and S. and Menltt at 31 H and 32. ' 1
.Mining stocks weie steady on small trading, with sales of Big Ledge at .fti
and L's. anu .Mpibsing ai
rhsiFct. .103
do tit" prf - - '?'.
d6 oref .. llf-s
Am Car. pref I"1'
m Cotton Oil 3-.
A..k"7Y" IS'.
Am HWie it. ref
Am 1C Sec .... J-
Am lea uref .. 4
Am l.inseru .
do pref .
Am Loco pref
Am Kmr t A
Am Bmelt It
. . Uleel I UV
Am husar pref
jr,'.
lio
. "0V4
. no
. il.Ti
.11
aS W'&blJ: S
1000 N Y N Hill 3-ia 10.1(1 57
10000 N Y Tel Ben 4'4,s . '1 ' .
30011 Nor I'jt t,n 3a . (,o'v
13000 lVnn.i lien (.t 4'i '.i.'l'i
IOOii Pub hrv N J 5s . Ml
L'ooo IVr Maruiielte .Is 3
1000 St 1. I M X Ho 4s 73l
11)1101) St 1. Si H 1' ujt . (i
HOOO do In 4li
noon do her A. .. :,S"
30011 SealKiard A 1. ailj !. 4K'4
looo South Hell 5s !i4'i
lL'ooo booth l'.ic cv s..,. 116V,
loon do rfd 4s 84i
soon South Rwy sen 4s . . 113
HOOD do 5a ill
31000 IT H llubber 5 ... S'.
30000 t' S Steel H J- OS. . .J01
iinoo union rao 1st 4s
r.OOO di rfd 4s.. ..
239000 U K (1 11 A. I r.'a s
1 100(1 do 5' j a 101!)
.17000 do r.tia new 1'Uii
1,000 dn 5 Vis 1 111: I
1000 West niectrle 5s
UOOO West Shore 4s.
81's
8-'5
IS
11
i.Hi
118
so'.;
I!
I.
mi's
5C,
too
511
Ml',
100
3J
Ml
,S.S?
mi's
tin
11 r
1)0. -,o
not,
no1,
no
ra.',
in;
n-
101
mi
OKW
!'."
Ml1,
03
Ml
Ml
73',
III .
40
5K,
40 J,
"'if
OBU
S4.
(Ks
114
81',
Sl'i
nit;
oiI
OR 'i
113'i
H8
80li
ISDUHTniAl.S
Ah deduction
Aetna lisploslves
Am Hrlt JIfg
Am Marconi v
Am Writing l'aper...
Canadian Car Co
Can Car AV I'd pief. . .
Chawoal lion
Chevrolet .lolois
1 '1 amp
Curtl-s Aeioplane
Carwen Tool
t'aibon Steel
IJniersMi Phonograph..
Federal Dye
Hendee Mfg
Katliodlan Hioiue pief.
l.chlgh Coal Sale. ..
Lima l.oco . . . . . .
M.tNlin Munition" .
Mat lln Ann 10.1
N V .Shipbuilding
Nor Amer Pap Pulp
Otis elevator
Peerless. Motor . . .
Poole Kng
Iteddcn Truck
Scrlpps-Booth
S S Kresge w I
.Standard Motors
Steel Alloys
Submarine
St. .lofoph Lead
Todd Shipbuilding
Triangle Film
United Profit-Sharing
IT S Steamship
United Motors
United Sugar
W01 Id's Film
Wilght-Martin Air . ..
'.ne Concent
Yes lote
Hid Ask (Bale)
80 tin 90
n 5 t.
,1 I II
ST. S'.i
1 ',4 3 ', . .
IS 18
5.1 BO
7 8
711 80 811
70 811
37 38 37 Jl
10 9 '4
70 7.1
0 i
A III
30 30
',4 I ',4
73 78
31 .11
's 1
10.1 110
33 3.1
3 3',H 3(4
48 .I'i
11 13
7 0 80
15 18
.MINING STOCK S-
18
80
0
9
16',;
17
70
I
'.
4
It
3U,
90
III
'.4
17
18',i
80
"4
4',
'3
16J4
17?i
1k
Jl
4
10V4
1 14
iv li 1014
M3
sit
565
1S3
515
!tl
70
4k
nil's
541,
100
5!l
M)",
111(1
3J
MIS,
8S'.
Ill' 1
113
0.1
U'1.74
HO',
Sill's
HO
ran,
ni'i
08
101,
10l,
OM,
5T
,,MI ,
1.01,
113
M
S.I
73'i
III
40',
58-V
4(1',
D4V4
OOV.
84
2'4
!M
Sl'i
101
8014
K2'
I'flK
1)41,
08',
flSV,
OK
80H
STAN DA It I) Oil.
Illinois J 1
Ohio SS7
Piairle Pipe S55
S O Cal S0
S O N J 505
SONY 153
IMiEPn.NDKNT Oil. STOCKS
Bainett Oil and Gas l Hi
Cosden & Co 8i
Klk Basin 8V4 8
Federal Oil "i U
Inter Petrol , IS 13H
Houston Oil 1 II IS
Menltt Oil H4 31
Midwest Bef US 117
Met Petrol 1 1 14
Ohio Fuel 17 10
Oklahoma Jlef 8 8 ',4
Osage Hominy 8 g',4
Bice Oil li "4
Sapulpa Kef s 14 '10
Sequoyah T I
Sinclair IS 17
United West Oil . . . "A 's
JllSl.Vd STOCKS
Alatka Standard . . su 1.1
Atlanta in
B!g Ledge. 1-li 11.
Hlsbee Copper ( a pros)
Butte Copper & Zinc.
Butte New Vol k
Cal ft Jerome . . .
Con Ariz
Kmma Consolidated . .
First National
Goldfleld Merger
Goldfleld Cons
Goldfleld Floienoe
Goldfleld Kewanus
Green Monster
Hecla Mining
Howe Sound
Independence Lead
Jerome Verdo
.lumm Extension
Magnate Coprei
MclClnley-Darmgh ...
Magna Copper 4.1
Mother Lcde 31
-Continued
Bid
Tl. elotil
Asa (Sllill
Hi
IT.
4
3.1
11
8
".
a4
il '
8
1,
17
'i
33
Mines Lo ot America.
Nevada Hills . . . .
Nevada Wnder . .
Niplsslng
Ohio Coppor
Hay Hercules
San Tov
Steuait
Tonopah Uxtensinu
United Verde
West Ivnd Con
Whits Oaks
White Cap
Yrlngtn
11
10
;n4
11
38
61
3
14
8
114
-i'i
"IS
3
A
37
18
11
li
4
3'i
9
1(1
19
38
17
3.1
1i
1.1
114
8
Hi
.11.
1.1
"4
A
37
88
I
10
S3
m
1
-'.,
H
j
t
TN St
ifU
eo.npa'
Jieaiy
the Go
prove
It
bJt H '
parted
(, For al
corpor
dlfllcu)
are no
Fr
tacrifl
largcls
, A
6n tin
In
make
counts
of Ind
Thlsn
transa
burdei
TI
A
1 pereor
i emnvei
rtdlsc
5 A
its th(
'transa
'gives
S)
'1 at the
If
. great
, iame
Tl
Etatef
IJ cent
j Kovet
"J
trhole
Hxch:
In Po
ihow
this
Bcthlehcir ."..
Cosden Oil Ss . .
Cosden S. Co 'Ss
Cudahy Cs
lhio 6s . . .
Tlusslan Goveiiimeiit i'-js 60
Ilusslan Government 6 '.a 76
Sinclair OH Cs 91
Todd Shipbuilding 6s... 100
Western Pacific Js 9:)i
'IOMIS
7''i
87
88
. . . . 01
110
98
88
911
rij
1)6',
1,8
78
lo:
1001,
" 1
ii -i
..
":
A
'Hi
8i
3i
134
sii
145
114
14
Ti
111
1
Local Bid and Asked
Amer Stores
lirlll J U
Duff . Sum T C
dn pref . .
Ilaldwln
Klec Ktorace
(Jen Asp
do pref
Keystone Tel . .
do t r , . . .
T.ake tjunfCorp ....
1-ehlsh Nv
I.ehlth Va1
LehlEh Val Tr
do pref
Penna
Phlla i:ie . . .
Phlla Co
do 5 p a pr
do (1 s e pi .
Phlla R T t e .
Reading
Tonopah Jlel
Tonopah Mln
lln Trac ,
no j . ..
r K Steel . . .
York lltvv . . .
do prof
Wm Cramp . Sons.
Todav
nid Ask
. . 34
50
40
III .
5.1',
17
58
It's
0.1
is";
VI
50 i
43 4.1
51 ?, v 51 '1
20 , L'7
511
.11
01 'c
.17
HI
r.n
IJ
118
10',
73
no' j
Ytsterdtr
nid Ak
.11
a
59
51
:,i.
411
111
3.1 '1
17
f.S
Ills
05
33
34',
43'
74',
35
31
3.1
as',
si",
4 '3
ii
48
741,
107i 107's 10S4 108
Hill
72 i
38 ,
2.1
43
51 .
50',
34
32.
34",
28',
82.
l"
-''
; '
10
3.11,
0814
IS
.10 Is
70
III
Sill
70
5tg ,
18
0
1S
0!)'i
2.1
4
!
88
M ,
35
28 K
aJ'
10814
11
88
75
Jim Hut If r
MscNamara
Midway
Mlspah Kxtenslon.
Montana!
North .Slur
llesrue ICulala . . .
West Und .'
.8.1
.20
.10
,08
.20
.09
.17
.07
UOI.DF1ELU HTOCKS
.'...r
Atlanta
illOe Hull
lloolh
Dlamondfleld 11 II...
uaisy
Kewanaa
Oro
Handstorm Kendall
Ullver PIcK
MISCEU.ANEOIJ8
Arliona foiled
Nevada IVondsr , ...
Trcopa allnini
,0't
.01
.04
.iij
.02
.00
.01
.02
13
1 DO
30
Ask
.87
'12
.10
21
.10
.18
.10
.02
.Oil
.03
,03
It
02
.03
.14
23
: 00
32
Am 'r & I
An Tobacco
do pret new
Am Woolen .
HO Uir, . nn
Am Writ ran pr-r "
m V-lne & Lead. 17
do pre? ..-, kb
.y "" i
1h!l
100
44',
lit
6114 IdK M T pref. .1U3
AJfVeVU 'i'All .IS do riiht.
t .nil Coast I.. 10,1
?tt
08
Slw KJ'.".
narreiv s..f ,1
natopllas Itln ...
Ueth Steel
sin rtrei
netn Bte lm
tisaih Stel P
:-7" ni
U"
0.18
..105
. . 71
io'.i
38
4l'i
.. r,o
27
Lons Isl rtfa nf. 40
1os.Vlles Ills.. 15
Lorlllard 1" 208
do oref .-. 100H
Mai-Uay Cos . . . . 2
M 8t 1' 4 S S M. 9S
Manhattan beach. 1
Manhattan El . .,107'i
Max Motor .. .32',
. do 1st pref . . 4'4
Max Motor 2d pf, 1'
Jlsy nept Stores. 50
May Deo tits pf.103
Mex Pet pref. ,. Ill
turn t ent ..... .ui
M 8IPt 88 M pf.117
IJANK CLEAIUNGS
Rank rleannts today compared with corf
ipondlnsr day last two icars..
mil iuio iir x
n.in tin uas
llrnwn HhOO
llulterlck
al Packlne 'o
Cal I'etro pref
Cal ..H?!'1'1
Went .." i 104
Cent l.eainsij". .,.,. M , p" I ini
Chandler Motors. 731, Morris t,K.iti.. 301i
Za& ""A l foWi'W
rtitfcN W pref 140 do pref,,.... .ilO
ffliiii.Veabody pf HO, Nat Arms ... . .S2
yyV,1 i- lit bl : . B0V4 Nat Cloak Suit 08
cm & South ... .?., doPT.f.,. . -.10.1
Tolnl sales. SI.8tO.IKiO, rumpared with ti..
50,000 yeklrrdaji thus fur this week. S$0.139..
000; same iwrlod last vieek. S33.968.000.
NEW YOHK COFFEE MARKET
Ni:V YOniv. Oct 6 The market for
coffee futures opened quiet today and wllh
out transactions on the call. Opening
prices were at an advance of two points.
Open lllsh I.ow Clou, clous
December 7.23 7.31 7.30 7.28 7.2S
January 7.32 7.3B 7.31
March 7.40 7.3H 7.50 7.51 T 47
May . T.74 7.73 7.71 7 Cft
July 7.SS 7.90 7.90 7.80 7.83
NEW YORK DUTTER AND EGGS
NEW YORK. Oct. . UUTTEn Recsinta.
9513 tubs narxst lower and unssit d. lllsh
r."'v j.'."?vv,,Tii,' 'U-J
oiati, u,iry, 1,71 vi.";.
i:OOH Itecelpts, U320 cases
ular. No chances.
43044-,ci
MarVsr 'ress;.
iJ I llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllinilllllllllllllllllllllllllllli!
The Corn Crop
comes in with 3,248,000,000 bush
els worth $5,693,000,000. Agri
cultural products this year will
total $17,000,000,000.
Can this country, the richest in
the world, afford three billion
dollars
For Liberty
?
Make your answer to the
I tor tl
- k.., e
i uuv
, he h:
J tutor.
over
1
SnoU
MoJt
I Cm
'aide-
I Q
tvas
Card
1 1000
ef o
ctom
' thei
" Sect
h'(lnai
r
hhast
ss
1 ind
Th
! Inic
!
mm
an
.' ft
i 'Per
rst
oat
LkV.
iha
rnd
hM
New
London
BAR SILVER
Yeter Iit .iqit
Today dny Kat, HIrh Tiw
York (cents). 80S. Jl'j, JOV. losl? ifC
on (pence).. 40 40V, 40 05 35 ( 4
"fl 1IF els. TV f Knaim M. Hist am.
-i.i.niAl ina fil'i Kt nn iav a nr a
I.:... Uleel pref laVs do oref 40
iluta Am .8inr..70 .d?dpr.f,.. fto!4
.di rs . - jerr n ex,at atsx
STATE FUNDS INCREASE
HAtmiSBUltGi Oct. 5. The statement
0f t,be Treasury Departmenlj ot th amount
ot ceneral funds ot the Commonwealth ot
Pennsylvania shows the total on hand Sep.
tember 30, 1917. exclusive of moneys ap
propriated to the slnklns fund, to be 14.078..
201. .as UEUlnst J3. 832. 380 Aucust 31 and
,3.658.787 January 31, 1017
Of the total deposits ot J4.070.S91. Phlla.
delphta, institutions hold 6!l.20 aaaralnst
E N
Corn Exchange National Bank 1
Philadelphia
Chestnut t Second
VI
&.'
. 'KttlMtlSWMn f.sC ill
m. ijiimF JKnt- IMk.W4
rhrutlanla ca.blcsi33, checks 32X,
7,B0
CviV Can ,i" " i "t l
r thWSgS
jmmm,'-im:i
W?lralw4ii
' '"s<
J3d
4 1- . 3 ' T i V ' ffisMMMB
maadli