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J
EVENING LEDGER-PHILADELPHIA, WEDNESDAY, OCTOBER 10) 1017
THE ALLIES
ARE PUSHING FORWARD.
BACK THEM UP
WITH YOUR PURCHASE
TO-DAY OF
LICCRTY BONDS.
DELAYS ARE FATAL
REILLY, BROCK & COMPANY
FINANCIAL NEWS-NEW YORK AND PHILADELPHIA STOCK QUOTATION!
MIDVALE REACHES LOWEST
MARK IN N. Y. SINCE WAR
Stock Sells Down to 42;V on Generally Declining
Market Decrease in Unfilled Steel Orders
Helps Bear Raiders "
High Points in Today's Financial A'etr.s
Prices broke sharply on both the Mew York and Philadelphia Stock
Exchange!, several new low records being made. Midvnle Steel dropped
below unlit hina it has touched since the war began and others were not far
behind. The Mew York Curb Market followed the larger institutions!, the
(notation being ienrrally lower. Trading was particularly brisk. Gram
lower. Cotton off. Money easier. Foreign exchange off. liar silver lower.
NEW YORK STOCK SALES
War Time
Investment
Service
As 2 part of our service to
investors we arc prepared to
furnish full particulars regard
.ng l -Tiie U. S. Gotcinni'Dt Liberty
Loai RonaY.
I Tie afw War Tat Lw annot
atrd ..aj isJ-itH.
3 Tie (.-5tie Ti ai it affrtli
tacemei rmninj from S2.U0O
to SJ.OOO.t'OO.
4- 'A:ai exempt from War and
. Iccir.t Taxes.
Tiie information desired will
be fnrn'ohed promptly upon
request.
Ihe ;. lationalCity
' Company
1421 Chestnut St., i'liilaUelphia
New Ye k am v I--.,.i i.
Ilcistqn I "-.burgh
J
Afy Y
Hi iwimniT nr iifeoVJ J.TJ) jj ' ' !"
i
Our New 11-Story
Office and Bank
Building Now Being
Erected
at 20 and 22 S. loth st.
has a meaning to every
live business man in this
city. It is evidence of the
increasing popularity of
the first institution to
KiVe Philadelphia n liVyj
hour banking day.
Open an account with
this progressive institu
tion. I heck i-iiliil. depolti rebelled
ami uerniiiit niieped
frnm K.SO . M. till midnight.
THE Day and Night Hank.
Franklin
Trust CP
13TH & MARKET STS.
XKW YOUK. Oct. 10.
Tiie Mtoek market was failed on to siiftnlii the git-uteMt amount of llquldit
Hon todiry Unit liuH been noted at any Unto since the downward movements be
khii. deference to nu-ctlUK of utt-el masters and thu decrenhe In unfilled orders
on the book of the I'nlteil States Stool Corporation were Influential In cnusliiR
an iinaottlenu-nt of the market fur the steel Htoekx Kenerally. uml although
t lilted Stnten Steel common was supported during the foienoon. the supply of
slock wn so ijroat as to overcome the support utrtl force Us price down from
lufl to lull, passing Its previous low or 103i.
Now low records were made limnnny of the minor Meel liuUistrlals. .Mhlvale
Steel declining to IS",, making a new low record, and the record for Hcthlehem
SteoT "15" was also lowered, that tock Nclllug down to 7GJ.. The losses of
several joints in these storks wore accompanied hy similar breaks In the minor
steel Industrials, but even greater declines were recorded In many of the special
ti. People's tias sold ofT 0g nolnts In response to the suspension of dividend
payments, and fulled Cigar Stores sold down 4h points from Its high l'Hco of
the morning. B
A new low record was made In Sew York Central, which declined from .3-V
and losses of 2 to 3 poinis wero sustained In many of the other railroad shares.
Including Baltimore and Ohto and Heading.
The favoruble statement of earnings of llenerul Motors forced thnt stock to
show a firm tone for u part of the afternoon, but It later yielded because or the
general movement.
The view prevailed thut the disturbance in market values was a contlnun
tion of an adjustment of the speculative situation to the prospective conlrnetion
f hostilities in Kuroiie us it result of the nctivtllcs of the Allies In Uelsluin.
The sharpest decline, however, were In stocks like Consolidated (las and Peoples
tias that have onlv an Indirect connection with war requirements.
There was trading on a very large scale in the Liberty Loan bonds, mid a
substantial Improvement In the market conditions of those bonds was displayed.
Sule wire made un to UJI.7S from the low price yesterday of 89.52. Itallroad
bends were vveali, with .MNsourl Pacific general' is the most prominent feature
mpplieil in unusually large blocks til ."ii!:, to 551.
Midvalc Steel Thrown Under lite Hammer
After u long period of comparative Immunity rim" professional raiding
tactics. Slidvale Steel has been tin-own under the hammer of short selling
and liquidation. There have been repeated rumors of impending new llnanelng
measures, but thus fur no definite light lias been thrown on the situation.
In fact, it is vigorously denied In somlolllclnl (matters that any such move
Is contemplated. In circles close to the management it Is Insisted that tne com
panVs program of stopping all espausion work six months ago has permitted or
a very material increase In working capltal-sulllcient to meet all its immediate
and prospective needs. It Is said thut the net working capital, which was close to
$(10,000,000 at the end or the last fiscal year, .had since increased by front
$10,000,000 to JI5.00U.UOO. No matter what the financial situation of Mldvale
Steel may be. it will be a long time before the stock is able to live down the bad
reputation resulting from the market practices of its early speculative career.
Interests tr. the steel trade are still at sea. That Is. they feel confident the
iJovernmeufs prlce-tlxliig program will turn out satisfactorily, but Vie practical
application of the formula, will, many of the essentials still lucking. Is impossible.
All will depend upon how early an agreement Is reached on the intermediary
products.
Railroad Shares Show Depreciation
Comparison of present railroad share prices with those of the high of the
year tell a story of severe depreciation: but when tlioy are contrasted with the
low levels of 1007 the result Is accentuated. Plftecn representative railroad Issue-!
touay are celling at on average of more than 23 points below the low levels
reached in thu demoralization of U'O".
Ttio largest declines have been in issues like New lluvcn and St. Paul.
It is un interesting fact that Lehigh Valley and Heading are much above the
figures readied during the height of the depression of ten years ago. The
report of the Southern Hallway for the yeai. showing nearly $S a shaio earned
for the common stock after allowance of S per cent for tho preferred, reflects
tho very comfortable position of that road and opens an avenue of Investment
for tho.se who have a penchant for low-priced railroad shares whose prospects
over a period ut years ate encouraging.
illtn
Alaska Gold M. .. 3i
Alaska Juneau ... 2 14
Allls-ChahneTii Co It
Am Iteet Sugar.. 81
Am Can 414
do pref 00 li
Am Car & Kdy . . 7".i
Am I tit Corp .... 4
Am Hide & L. .11
do pref Sttt
Am Linseed 1b
do pief 5714
Ain Loco 57
do pief Ii
Aim Malt . . . .
do pi'f
Am Pmelt . .
do pref ... .
Am Sum Toll. . .
Am Steel l-'dry. .
Am Sugar ....
Am Tel St Tel. . .
Am Tobacco .
do pref new .
Am Wool
Am Zinc & Lead.
do pref
nacondH
Atchison
Atl Ciulf t ' I.
do pref . . . .
Itald Loi'o Co .
Halt & Ohio ... .
do pref
l.i
.
H!U
lllH'i
ftS'i
Hi!
1(1(1
M4A
IKS
K
IS',4
IK
at
(IK
115
I UK l.i
All
.-
(1IJ14
n;
S'i VI
S,1"i
I 0 i
Tr.
op 31
IS
:ui',4
ISI
;
::i'-i
si
HSli
Inn
it a;
SI
t
Barrett Co
Ueth Steel
do B . .
do pief t
Hrook Hap
Burns Bros . . s S . A
Butte & Sup
C;il I'fti oleum . .
do pf
Canadian Pacific.
Cal Packing . . .
Central Leather .
Cerro de Pasco .
Ch. dler Mutors
Clis & (ihlo. . .
Chi Ut M'csin pf
Chi AI .v: SI J"
do pref
Chi & Northwest
i Mil It 1 & Pac t c
do 0 p c pf t c
do " p c pf t '! '.
Chill Copper J "Hi
Chluo Con Copper. I.VSi
Col Puel & Iron. . . in
Col lias & i;iee . . :
Consol ("as us
font Can mi
Corn Products. ... "in
do pref HI
Crucible Steel 'S'li
do pref tut
Cuba Cano Sugar. !
do pref si
Del & Hudson 'J
Denver & 11 C pf. 14 'i
Dome Mines s'j
D1MII1 Securities., r.3',4
Hrie H'Tk
do 1st ptef .... '"':'
do Id pref.. .. 'J I '.4
(faston Williams.. :iS',i
CiPii lJlectric.il Co. 187
General Motors . Wil'H
do preT 7S
fioodricli U !' . 4-J
Uranby Alining ... '''.'
lir North prer .... 10'!
Ur NortliTDre subs :ioA
Cireene Can Coil.. 37
Gulf Slate Steel.. Miir-A
Illinois Central. . . tnilA
lut Agrlcul I'J'.ii
do pref 41
Inspiration Cop. . . 4K"-,
Interb-Cons Corp. 7'!i
do pref SOU
lnl Aler Marine. . "J o ',
do pfd S4U
liitern'l Paper. . . . s:t',i
Hit Nickel SI', 4
Kans City South. t'.4
Kelly Springfield.. 4tU
Keiiiieeolt Copper.. :I3"
Lack Steel 7',4
Lake ICrlo & W . I 'J
Lehigh Valle . S!)',i
Lee Rubber & Tire 17
New York Bond Sales
.Federal War
Revenue Bill
Wc have prepared, in booklet
form, a summary of the Federal
War Revenue bill, including
tables of tho Income Tax, show
ing exemptions and amounts
per.'ons will be obliged to pay
he Government
Tiie subject of excess profits
is rrviewed, with practical ex
amples showing how the amounts
arc computed.
Upon Request We Will
Mail You a Copy
A. B. Leach & Co.
- lneurporateri
115 South Fourth Street
j;IO(M Am lr l-l "'
cli.Mio A,itfli,-Frein-ti .V
Jllllli Am Itiile & l.eatli lit
IMMio Am Forelui ?"' !
L'TiMKl Am Smell S ltt 3
JOtHl Al.l Tel til 4i .
lund .1 , r.ji ....
1II1MI lu .l 41 ....
tuou Armour (V'an..
13(10(1 At.-hlsuu uni 4.
300(i do 4 Wco. . . .
men Da It & Ohio 3'ia..
.".ihio eh, r.
-jiiiiii
lliEh
III
Ok".
U
Sa
tiuft
CVa
7
7
. stis.
. KU'
. 01
. tius
t)0.
I.OVV l'lo38
THE
HAVILA4DARMSTR0NG
COMPANY
STOCKS
BONDS
UI8 VALHUT ST.
PHILADELPHIA
NEW YORK-BOSTON
INTERSTATE
B;L & REFINING COMPANY
33 PRODUCING WELLS
RCCULAR QUARTERLY OIVIOCKM S
turoaMArioM upon nequcsT '
BARNETTOIL.&GASCO.
hj l"-n iiocrtbed by ulhorltlen on
of tin Itadcru o? th Inrtependtrt ll. -with
vMuiiui prixliwini proptrtlwr. it
own Dtu Uii' t vtp mlinieri. It. Khi
uint tn a lars rflnry HH(t dlvtrlbut
Ins ntntlon?. thU lompan's futur ta
Agnurtl-
Ketular illvMcndu ar twin paid Bt a
TAU whloh will rtelit approilrouttly Yl
Upon money Uivted flow.
tl'Wl or lutrtt iaomiui(os ad if
ytu( IIutrut( boqk dcMtriblnu liarntlt
)rortl'
E. H. CLARKE
.MORTON R. dUiXANDKK
(lUtldrnt I'arlner)
, riiono II 49 Spruco
tw. Ituhuiue Uldc, rhll.. 1'a.
tl WUlteni ttt, New York
Vnvr) I'qU-xo TndUnapolla
ilu 4
"noil ilu tv 44 a
k'ooii llulduin Lovu la. .
MJOU Ilruden I'ouper
3IXMI HnnleHUX !a
tniiiii Can (tovl r ltl.fi..
j 1 ilo .' J!3I
:,(ioo chiii l.itther tat "
iirtiti iviu I'aiittc IHja.
1IHIO Cliea 4- Ohio tf 4'aS
lniin ,lo IWs
JOmi ilo rn
lMwii do c-v r,i. . . .
I MHO fill tt VVeat 4a
itMSMi riil II t U Julnt l
IIIIIKI Chi ltd & ft V iv 4' Mi
10110 flit It I t I rtil 4 . 117'
1mm Col s south t'i
sr.nn "lt of l'arla tn . . .
4J.VI0 dm ttaa lonv a.. ..
.'tnnii CuhHii-Am Suaar it .
40011 (Vrni de Pki-o d. ..
:iihi( D'h Scinr Corn .". . . .
li'lion llrte ionv 4a sr B. . .
Minn l-'renrh Ueimbllr r.Vje.
4IHIII tifii kilec dili ,.'.
limil Ilu. I i Man rf.l r,
liioo Indiana Ktrel .''.
L'lHin Interb Mel l'. .
1.1IIIHI Interh II T ref 5
7IIIHI Inter Her Mur lia
'Itinii Internl l'nt-r .'
'JlKMl .Inpaneee w 4'aH .
lilt II l.k Shore ilrh In lil'JS
I'llllfl Ho 4a I'.l.'ll . .
jnii'l l.onla H Nj!i 4a
33'j.MIIHt l.llierU llolld 3',!
I linn Vlnrala Hi
II null .Me IVt Co Ua Spr c
r.UIMI Mo Kun & T tat la.
1(111(1 Mot West of Chi .'.a.
lliftll Mo f'ac VV I. f.B 5a.
SO.inn Mo Pa cine en 4...
40UD Moninnu Power .la..
WOO Nat Tuba .'
astlon N V C I II fia. . .
10011(1 (In l
anon N Y City 4a 157
40(1(1 do 4K-B 10(Mi . .
'jdllO do Vs 1IHIU
Sniion do 4'ii ltido . . .
JWNl V Y llaa II P fia .
2(1110 N Y Nil 4 II MHi R'll SS
:tn(Mi no hi
2000 N V Ont A- W ". .
.nn N V Tel sn 41,
ltnOn Norf t Wt 4a .
J4IKHI Nor I'ao Ken ,1a..
2niXI Ore Short 1. 4 .
SOnO Nor Par w B. . .
20(111 Pai-lne Tel Sa. . .
.Vina I'KL'lflc Uaa 3a... .
2KHI0 Panna en ct 4ta..
300(1 do in 41ia
sunn pr Msrnuettc 4a.
70(10 HtadlnK Bn 4a
loi in llepuh Cuna .' 1U04
iimhi llep l a ua
01
Ul
a',
:.'.
to
su,
7"
Ml',
KIP,
ill
(IDS
ti(l'
.SI 81
. 2i S2J,
.lllllli lim'a
Ml
tlll'i
!lo
"5,
s'.l
.IS:
nil
I1L'
tU'i
i Pa
ln:ii
llln'i
tll7
74
471,
!!
r.4',
0I4
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VI
H'l
M
. Ml
XS',
'.It
IIIIJ,
tP.
!7t.
Ml
7.-.',
7d.
lot
Ml
(!2
lll'j
HI
Ij7',
no
10 IV,
inip;
llllt'J
47'
IMP.
till'.
.ItU
Ml.
r.K',
s:.K
lis'l,
ti'.l
NS
Ml
1NL.
Ml
'Jl
01'.
Uil'j
tisu
mi
No'.
07
7.
Mi'.
U'.
til
UU
i('
St
Si.
mo?,
tit
trn't
'.I.'.
IK",
1(7',
Ml
5V:
mi
si
2
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Ml
I I
iiiii-i
urn';
i .;.
47',
tm'.
nut,
.'.I'
!!,
daC
s.-I
119
US
SH
Ml
UNFILLED STEEL ORDERS DKOl
Corporation's Monthly Report Shows
Half Mi'lion Less Than in Auffust
NKW VuliK. (h-t K -In it" monthly
Biatetiient ifsued al noon toUav. the I'nltea
States Steel Coiporutlon rrpnit uiifllleit
iii-deif on iti books as of September In
lam or !' S33.477 tona. TIiIb compares vvltn
I'l.Uii.olli toim on AuRUst 31 last, a ilecreaxe
of :.73.57i ions, anil vilth (i.S'JJ.SSt tons
on September 3D. 11)16.
Low
3
S'.4
10 tt
7-
3014
90
7ti
1t)',4
40 Vi
tS'.ft
6
S ',4
too
134
R4',i
lufl',4
At
no ',4
104 ?4
114
tut
4IU
l
i
o
0.1 V4
07 'i
no
M'.i
AH
111 l.i
70
'Ha
II I ',4
S U
!!.
!(l ',4
!3
S0',i
HO'.i
37 U
7:tV.
.11'..
,!.
".1
IDT.
ilt'i
Oil
!!t
in1;;
.VI
1 3'!'.
13
SH'.i
:vj i,
03'.',
,011
SBTa
on
'13 V,
03
SOU
HO'.i
07 li
II
3l'i
til
i8"4
!(l"i
33 ,4
I341
ill
4I'.M
7ft',i.
ion?H
;o
3(i
on
09
Vi
41
4C'a
7,
40', 4
'J.T.a
HI
311
17
411m
33 'a
7.1 'li
I -
31 "4
IB !4
1(13
MH'S,
St
e,r,
lou
HO i
01 .
311
ti
MB
4
Net
t'losa the.
S4
814 V
20 I
IMi M4
40i Hi
99'i "i
(1 I IVi
4714 V4
10'. l",i
I0',4 3 '.4
2STa f
oB4 fin
5 ',4
',.
ti
I
L- M,
"4
I
I
'n
1-4
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1 :,
4
tv
I
IV.
'4
i ',4
Hi
t
3U
64
i
I
1!!4
-i1,;
.
1
ir.
it;
p.i
5;
1 v,
;;
'! 14
1
1 -i.
374
'1 .
-. Liverpool Cotton
LlVKlti'OOL, Oct. 10. Spot lottoti was
quiet, with prices firm. The hales were 3000
bales. The reeolpts wero 8000 bales, none
American. Spot quotation! were: Ameri
can midilllns. fair, Sl.SSd; romI middling,
20.f,2d : mlddllne. 20.07d : low mlildllnt,'.
19.57(1; Rood ordinary, IS.C'.'d; ordinary,
18.1 2d.
INACTIVE NEW YOUK STOCKS
'ollovv Ine are quotations for Inactlvo New
York stocks and In which there were no
transactions today. Tho price Riven is the
last previous sale
tit)." 00.70 00.7s
ut
in.v.
. (12
Ml',
. bk
. r,i,
. in '
. tltlv
H7;
. K2
. in '4
iot:
int
H.'t",
lnooo Ilwy Bt Hpe .'.a -31 .
.-,(111(1 SI I.
Kt'KKlJMKI tlASK UUUU-
l. ' i.flvH. n! TMLLKU, itunlfd tot
n oraTkni(Ht fnni lonipany ouout
l staj-l ViMaMMal wtMe UtKTov w
. ?". "yew "? .!
r alt .
31X1(1 00 tn . ,
1 1100 do sn . .
1(1000 do 8 A . . . .
lOlrtl Ut Paul XI & M 4"r. ..
V2O0O Boaboard A I. .id) Sa . .
1(10(1 South Pau 4a. ...
SaOIKI do t'V 4a
1)00(1 do nil...
110(10 do rM 4a
1300O Boutli Itwy sn '
1(100 do 5a . .
4O0II Taxaa Co 0a
100(1 Third Ava 4a
8UIHKI U H Rubber Sa
tool) do ...I
1000 V H 8 & II 0a.
9S0O0 U H Htael 8 V Da
2(mio Union Pacific lat 4a.
3000 do rfd4a
01 000 U K of 0 II I 5a..
10000 do SVaa. 1018.
270011 do r.Via 11. , , .
2MI00 do HKl new 1011)
820011 do 5Ha 1021 .
. 100(1 Vj Uwya 3a-
2
K.l4
CO',
S7
M
o:l.
N2Sa
2 4
00 I
3ti
8'lVa
t!7
07 W
II Hi,
1111
III
(IS.
An
or,
in',
in
111
in:.
112
Ml',
llH
33V
II l(,
tlll'v
ll7'i
81
4'-i
tlhVJ
km;;
'ns
K.-,
M'
1)21,
Mli;
n.
87
Mi
0Sa
K
1)4
101
A4
81
1021.
102
100U.
2
07
00 A
tl.V
08t
. us
02
M7
H7V
nail
111
4. 'ill
tisS
r,s'.
115
id '4
7(1
HI'.
03
84
01!,
1)1
lOM'i
04
81
100
80 K
82,
07'i
V0V
llltj
vii
02
11
lo.M,
(12
MHi
.1.-1 1,
"A S
07i
81
UK'S
101 i
ll"1.
(18
38
85
8.1 ,
N"'r
107.
87
NO
II3K
82 li
H2H
07,?
07
1181 i
111
451,
118,
581
113
4(1",
7
81S
115
84
(12
04
looH
04
81
102'.!
102
IO054
Ml"
82
VII,
00 a
9.1
8H
02.
02
Adama Kprea. .115
Advanon lluinley. U
do pref -8
Allla-fhlllm Prif. .71
Am Car : K P'-l',
Am U-e Se . ... 11"
Am Woolen 1 pref . . IM .
Am Asr Chcm... 85'i
do pref j"
Am ll-et Upe yref
A II t I'- ',"" 7
do ctfa pief.. . .101
do Pief 'V.,
Am Cotton Oil . . jl-'a
Am llxpreaa ... '
Am lea pref 48
Am Smelt A. '.
Am Suitar pref. .115
Am Mi,m:itra of. . Po
Am Tel Cable. . 60
Am T t T 3d Pf . I'A
Aaao D O lat pref 32
Lonu lal ilfa lif.
Ann (111
Atchlaon pref. .
Atl lllrm fc Atl .
I la Id Loco pref. .
llatrett ''o pref. .
Ilalopllaa Mln
Iteth riteel pf
Helh Steal rta . .
Krkn Un Caa .
llrown Shv
liuttarlcK . .
Cal & So lat pref
cent ruy sso. .
Cent I.eainer pi.iojm
Com S Am -rei.-iinn
Chi t N W pref. .140
Chi i Alton II
do vret 23'.',
Chi i Ot Wit... 8
CluettPeaody pf.ll" ,
Co) I- So lat Pf. . 50',.
Col It Mouth 24
do 2d prel. 42'i
Con (! B I. l-.ioj
Coil JIU
(on Can
l-niitlnen
........ An. MllffA
.In nraf ...... .1UJ
n H H t A Bt . . .
Deero & i'u ?
n-.. t. llln Cir. . .
Tletrnlt Udlaon . wl-5
Dei Lack W..l4
Uleo Btor w.
TCIkhorn Fuel.
Oenerat Clear.
ao prat
Total r,. M.ttaO.OOO. rompared with SI. 0OO.
004) )e-tr.ilin thua far thU reek. 117.578.000,
aame perio.1 laat week. 6.703.OOO
BAtt S1LVEK
tr-
n..iAi. H V nf.lOO
Oulf 8 Btl lat Pf-103
liartman Corp... i
Jlaakell .Harlnr.
Havana Elec. iui
ltomaataka Mtn
in
Lorlllard 211S
iiuli li .sarh . . .120i
Mark.-iv Ooa 2
M Ht l'i SS M nf.117
Manhattan Iteacn 1
Manhnltnn 1:1. . .107',i
May Dept Stor-a. no
do pref 105
M.rll (Viit mi
Mont PoW'-r in ef. 108
Morrlii tr Haaev. . 30' J
do nref 1 11.
Mo nil- c- of f il (tt'i
do pref 1 1(1
Nut lllarult pief. 114
Nat Clonic ult (IS
Nat Cllv A- St pf.103
Nat Kn & Stpd pf !),
Nat Lead pfd... 101 V.
Nt Hit Mei 2d pf (I
do nref 40
do 2d pref 50'.
N o Tex 4 Mex.. 22
N T C Bt l 20
N V Dock 111
Norf k South... 21
Norf It West pref 80
Ohio Oaa rts (13
I C C t t h (N
Pun-Am Pet nref lit)
do prior pref ct 118
Peo Si Kaat 7'4
Hero Marquette. . 1ll?j
Pere Marq pref.. 3R
Plerce-Arrow ... 37
do nref 95
ritta Steel pief .. RUT.
do pref 2rt'a
Pitta t Weat nref fn'J
Pitta A-' Weat pref 50'i
Praad ml Car pt.loii
do pref 97
Qulckattver 1
ulcltalver pref . 1
P.aadlne lat pref. SsU
do 2d pref .... 88'i
'no i a prtf.. ni.
na&ou loior . . 1
st 1. j H V oraf. 30H
?OT
jara-iio.DUCK PT.12I
Standard Milling MI
HU', oo prel 85i
td. Htudehaker pfd.. un
n.ui diumr ..... aa
Sup Steel lat pf.loo
Texaa 4 Pao , ... IS
Texaa rta ml.
Tidewater Oil ...205
Tobacco Prod prtf 98
c.li;
.I3'i
13
Il8i
1UK
l4
81
71
10 '..
. r.o
27
LIKE & M Tob pf. 103 ti
Louis & Nash. . .110
Ma Motor . . . .TJ91
do 1st ptef !.1'.4
do id pref ... . 10
.Mex 1'etrol 01
do pref ... . ot',4
II land Con Cop ... 3174
Minn and St L new 1 Hi
SI S P and S St It . OH .
Midvale Steel . . . I7',i
Mo Kan and Tex . . I ',4 I '
do pref 0 H,4
Missouri Pacific... -JMfi '!7',i
do ctfs 30 IflU
Mont Power. . . . 7-J'.. 71'.
Nat Acme 3J 31
Nat Con & Cable. -.VM SO'.
National Hlscuit.. lno'.i 100',
Nat Kiiam & Stpd. fJ',4 4(i',i,
Nevada Con Cop. . 18',i I7',a
N Y Air Drake.. 1 18 I IK
New York Cent .. 7S', 7 I'A
N T X II It H '.'8! '!'.
N Y Out & West ;o'5h sii',4
Norf & West 107 Vi 100
Northern Pacini-.. 0774 07
Ohio (las 8 3174
Ontario Silver ... 314 3',4
Owens Hot 81 80
Ohio Fuel 4; IB
Pacific Mall -SS'.i -M',4
Pent! P. K 3tli 51
Peo Has & C ... 10 4 1
Per Marquette . . IB 14 IB
Philadelphia Co S'J',4 31
Pitts & West 'iSli S't
Pitts Coal 48 15
do ctfs 84 84
Pleice Arrow pfd. 05 93
Pressed St Car... 3874 31
Pullman Pnl Var.lssVt 134li
Hy Steel SpB.- 4314 4014
Hay Con Cop 24 3i
IteadlnK 80 7li
Pep 1 Ai S 7714 711,
do ptef . 09 911
Uoval Dutch ... . 'Ill (17
St L S I' vv I ... 1 13
Seaboard A J II In
do pref iV,i 2114
Sears Roebuck. ... 13014 148.14
Savage ArniB 63 65
Shattucl; Aria: ... Sill S
Sloss-Sheff St & Ir 4014 3714
Southern Pacific. 90i 80i4
Sup Steel -in 38
Southern P. It 774
do pret 8114 80
Sinclair Oil 3 30i
Studebaker 1214 39'J,
Tenn Cop & Ch w I 1314 tJl4
Texas Company .14-J 13814
Third Ave III!... SI 31
Tobacco Prod ... 63
Transue "Williams. 101,4
34
ion
1314
Alia
8814
10614
54',
61
103
Ill'K.
181
984
41!
15'f.
.VJ
S3 ',(,
04 14
08.
60
55
3Bi,
65
flf!i
79
7fi',i
031.
oil
05 In
:o4
1 3 '5s
3014
14914
3714
7314
33 .
73
33 ,
33
1 u '! 4
01 ',4
101)
3314
0-'i
-30
::.7i.
I34
30 ",4
33 '.4
nr,
00
27 14
00
!!
!i:i
37 '4
8014
98
14
8
3104
1014
'JO
207s
3314
137
9614
4 Hi
7514
101
3014
37
90
0974
12
II
KI7i
714
1014
3S!
82 i
'
30"4
17
Iflni
334
13 'i
37 i 1 14
IB'i li
103 - i
I18'4 3!i
32 4
65 1 14
10-14 14
88 3
9 Hi 14
3(1 14
II 14
H'l
14 '4 3
414 U
8 '.. I
V S Ittlbber . . .
do lit pref . . .
IT H Smelt & Jlcf
U S Steel
do pref
Ctah Copper . . .
Utah Sec Corp..
Va Car Chcm...
do pref
Va Iron O & c. .
Wabasli
do pref A
do pref U . . . .
W -Maryland
W fn Tel
Wcstg'se Mftr. . .
Woolvvorlh
do pref
Worth P & M...
Wheel & UK
do ctfH
Wilson Co
Willie Motors...
Willys Ovetland.
do pief
Wis Cent
Illah
3814
0314
SI1!!
.106
.113 14
. 8314
. 1314
34'4
. 98
. 37
. H"
. LI'S,
. 23 V4
. 16
8614
. 43'!,,
.11674
-12014
. 81
. 1114
- 2214
. 30
. II
. 33
. 8114
. 10-7,
I.ow
6794
10114
33
10114
un
83
1514
3314
08
37
4H4
3314
1314
86
40
11614
1301,
.11
I0
3314
.13
to 14
3314
8114
lllB4
Net
Clone ihir.
-.74 ''
10114 14
33 3
10274 'HA
11.1
834 n
1314 'i
3314 1'!a
98 3
37 I
U 14
(I'i "!4
33 V, 14
1314 H4
86
4 Hi
1161,
13014
31
lOli
3214
30
4014
-I
114
Hi
314
I
33'!i H4
8714 "Hi
40i. "Si
Tntiit Mile. l,(i:6,1(HI ahares. 1 umpired nidi
723.9(81 sluirei. raterdnl Ihiii far llda eek.
2.207.400 shurrai Mlinn period laal eel. 1.3fli,
000 dliarfn.
IJ dUldrnd (oda Colorado 1'"uel and lion.
4.: Colorado Kuel and Iron prefeired. 2. llai
l.laon Walker Itefractorlea. P: Central Lathr.
1'. and 2 extra: Piltabumh Coal nrefened. l'.
United Allo Steel. 1; Transue Williams, 1'..
CURB PRICES LOWER
ON PEACE TALK
'4
-t I
-I- "4
14
17.
Hi
"a
1
".4
7i
NKW YOP.IC. Oct. 10.
Theie h.is a Kflicral lovvcrlUB of market
values on the Broad Street Curb, with fur
ther proKresM made In the adjustment of
speculative conditions to the prospects of
concentration of hostilities on the Kuropean
battlefield".
War order stocks wern In scant demand
and could only be traded in at continual
concessions, and the same iimtket prevailed
in the motor, oil and minim? stocks. Deal
ings in the oil shares, Including both Slund
nul Oil Issues and Independent oil stocks,
were, however, due chiefly to fear over
(loi eminent ptloj llxlni:.
IN11ST1HAI.I
SEVERAL NEW LOW RECORDS
FOR YEAR ON EXCHANGE HERB
Six Stocks Reach New Botton Prices and Four Others Take
Drop When Philadelphia Market Opens '
After Recess
The bottuili seemed to dlop out of tho
Philadelphia stock KxcliaiiKe when business
started after the noon recess today. A num
ber of stocks hit a new bottom mink for tho
year, sotnc even KohiR below tiie lowest
figure since the war lieRan. while many
more followed the leaders In the general de
cline. Cramp was tho only stock unaffected,
the price rNliip; 2, to TO3, on the transfer
of sonic good-sized blocks. Peace talk was
the ( hief cause of the depression,
in the last quarter of an hour a reaction
set In and the maiket recovered part of
the losses sustained during most of the
hfternoon.
I'nlled Slates Steel led the. slump, sell
I11K off 38 to lul's, the previous low be
hiB 103'.. .Mldvale Steel was a close sec-
t.-i.- .,."". Jl
..o superior fei. ,
otid, selling off 314 to
slnco the war began.
ill ti iu iiuai. inn 1 it nninii, . .
point below tho last low. IT n .!..
ttt ?'' 7! a err I ttatf II.a a. .. .
of 74. P. . T. went oft 11; to ?'
low. ' ' w
miriI 11; i n. .
lehem Steel 11 was nfr r.s .. .:. "tai
,i .. . " W,
Ualdwin stock dropped
lieni Steel 11 was oft
1 .fimcrn vm on tii... ...! ..
Electric Storage was off l. to 4t' ,1,
Erlo dropped U to 1914. Tonopah BIm '
lost U to 3TTT against a previous ,ow ct".1
low was 59i. " " "" ' I
Trading was heavy. Vnlled states S1..1 !
and Lake Superior selling particularly tS
Tiie bond market was quiet. " !
ISalcs in Philadelphia
lllsli.
A Ilia Insur . . .
I Am Gas . . . Inn
3d Am Milling. 0',4
10 Dcth Slecl li 7714
SOO Baldwin Loc 37
ItiC M & St P. 30
30 Elec Storage 34 74
10 ', 1
7H 1'
SI I
31 314
100',', I",
111 ',4 174
17". ti
118 I',
7l'i Hi
27 ? -t- 14
30 14 -r 14
inn Hi
97 114
St'i 314
514 "4
8014 14
46 4
24 li 1
31 14
45 4
16'4 4- 14
31 H4
34-4 74
43 314
81 li
95 t
.17 3,
13.1 -'- '4
41 3
2314 94
764 3 14
76 Hi
74
B8
13
III
2H4
118
6.1
2014
7a
I '-4
.1
114
3704 214
1 V I. , 1- P 108 (-.."il Jiuiur . . is
niVi'iiTi.: j?.! t!88,';Nrr'"" 38
Am HuB-ar..!? JLR'"t. .?."i :?$ 7
... . ju
1.. . i.
pref. 80 1
n sw125
IV.J1104,,
I'drwd Typetg Co-. 0714
Vn Bag & fPr new 70U
Union Paclflo 13314
United Alloy Stl . . 4074
Utd Paper .Board. 101i
t'td Drug 1st pref. 30
United Krult ....13574 133
Utd ,ny Invest 714 714
I'BCIPtPJf' 1314 1314
U S Ind Alcohol. 1S1V4 12314
3914
40
93
6614
124H
40
06
50
80i 14
38 3
364 74
6074 Vt
33 1
3014 3
124
141 i)i
21
01 3
III 1
95 4
6014 4
13514 14
40 1
0714 34
30 . .
138 374
714 I
1314 1V4
12814 i
Air deduction
Aetna Explosives
Am Bill Mfi?
Am .Marconi
Amer Writing Paper . . .
Canadian Car Co 3
( 'an Car & Kily pf "
Charcoal Iron
Chevrolet Motors ...... "
Cramp 1
Ctntlss Aeroplane :
Cariven Tool
Cat bon Steel 1
Emerson Phonograph . .
Kedeial Oye
Hendee Mfg :
Kuthodlori IJrouze pfd . .
Lake Torp Boat
Lehigh Coal Sales '
Lima Loco .'
Maxlum Munitions
Marlln Anns I
N Y Shipbuilding :
Nor Amer Pap Pulp....
Otis Elevator
Peerless Motor
Poole Eng '
lieddeu Truck
Scrlpps Booth
S S Eresgo w I i
.standard Motors
Steel Alloys
Submarine
St. Joseph Lead
''odd .Shipbuilding
Triangle l-'ilm
I'nlled Profit Sharing . .
I S Steamship
L'ulted Motors
railed Sugar
World's Film
Wrlght-JItirtln Alt-
Zinc Concent
vr.Mi.itu
Illinois 3
Ohio 3
Pialrle Pipe 2
S O Cal 2
S O N J I
S O N Y 2
indiumjnihint oi
Bainett Oil & Gas
Cosdeit Oil
Cosden & Co
Elk Basin
Federal Oil
Intc- Petrol
Houston Oil
Mertitt Oil
.Midwest iter
Met Petrol
Ohio Fuel
Oklahoma ltef
Osage Hominy
nice Oil
Sapnlpa Kef
Sequoyah
Sinclair
1'nlted West Oil
MINING ST
Alaska Standard
Atlanta ,
Big Ledge
Blsbee Copper (a pros) . .
Butte Cop and Zinc
Butte New York
Cal and Jerome
Con Al Iz
Emma Consolidated
First National
(loldtleld Merger -
Cioldfield Con
Ooldlleid Florence
Goldfleld Kewauas
Oreen Monster
Hecla Mining ,
iowe Sound
Independence Lead . . .
Jerome Verde
Jumbo Extension
Magnate Copper
McKlnley-Darragh
Magma Copper
Mother Lode
Mines Co of America.
Nevada Hills
Nevada Wonder
Nlplsslng .
Ohio Copper
Bay Hercules
San Toy
Stewart
Tonopah Extension . . .
United Verde
West End Con
Whlto Oaks
White Capu
Yerlngton
Bethlehem lis , . .
Cosden Oil 6s
Cosden & Co 6s. ..
Cudaby us ......
Erie 6b
RussUin Govt S'4
do 614s
Southern Hallway
Sinclair OH 6s.......
Todd Shipbuilding 6s.
Western Pacific 5s..
Hid
83
Yes 1 loe.
Aak ISnle)
86 87 14
I 1 14
in
.1
:i14
in Erie
Kilicn MotoiH.
Ill Inspir Cop..
Ins Co N A.
I no ICenn't Cop.
13.1 Key Tel Co.
13.1 do pref. . .
394(1 l.k Sill) Corp
SO Lehigh N'av.
107 Leli Valley. .
.I.IMlnchlll ....
IISMIdvalo
13.1 Nev Cons . .
360 P li I!
Id Plillii Co -.
do cm pf
1 1.13 I'lilla 123
100 PI tli Coal . .
1805 do r cfs ,
Plilla Tract
Tiwys lien .
(193 Heading . . .
100 So llwy . . .
Kill Sliat Ar Cp
1817 Ton Belmont
833 Ton Mining
153 1'iilon Trac
336 t: U I
101,
05
17
3 3'! 4
IIS
61
1514
7174
50 14
.15
171,
1814
3 Hi
33
'.''
18
,3814
. 8(1 14
37
3H4
H4
814
43
H4
Low.
KM)
014
7714
34
30
8474
1014
05
47
, 1
334
IH4
ill
1314
7174
88
55
It
I7i
81 14
33
Net
Lhge.
Cloe.
t30',4
loo
914
7714
84
30
84 74
10 li
95
47
33-74
I Hi
61
14 2
7174 1',4
14
-3 14
314
H4
Hi
14'
t
58
55
4 I ',4
17i
SI'i
33
f3.1
36
47
31
t7314
5
-I
-4
Hi
Local Bid and Asked
American Stores
llrlli (J U)
Buff at Suiq t .
do preferred
Baldwin
Ktectrlo Storage
General Asphalt
do preferred
Keystone Telephone..
do t c
Lake Superior Corp.,
Lehlzh Navlirutlon ...
Lehigh Valley
Lettish Vallev Tr...,
do preferred ,
Pennsylvania ,
I'hlla Klectrlc
Phlla Company
do 5 per cent pref.,
do 6 per rent pref . ,
Phlla llap Transit t c
Heading
Tonopah llelmont....
Tonopah Jtlnlne
union Traction ....
t'nltcd (las Impvt..
United States Steel..
York Hallway
do preferred
Wni dump & Sons..
Today
Hid Ak
.. 83
'.'(1
37
50
551.
f.6
in
r.t
13
114
l!!Ti
, 55
, 48
, 55
, 54
, 17
, 69
, ll'i
, .63
, 131.
. 43
: 0iw
. 31
. 83
, 83VJ
72'5
.102,
. 9
. 35
. 7(1
5'i
45
21,
,1
as
35
37'i
77'.
5i
.A
iof.
Ml
17
.19
un
61
lfili
n5
23
4.1
8t:
2Sl!
105
10
69
31
:s
M
si
ti
5(1
1
M
171i
M
II
7i
61
n
a? '.!
85'
i;
42U
.''i
1:
n
4
Lla
014
8 L'n Cos N J 30(1
1 15 1.1 V S Steel ..10314
36 W J & S . . 4114
100 Cramp A: S 70"',
tQuotatlon given is yesterday's close.
77
7
3 I '.
37a
3,'.
4H4
1374
SOB
1 9 1 14
47Vi
69
3 Hi
I
9
4H4
7374
106
10374
4 Hi
7or,
314
14
14
'4
lis
511
03
09.3 I
09 14
.111
Cloae.
9914
17.168
Net
llR.
ThIiiI a.ile., 3.1.310 nlcirea, ompnred Willi
.1708 ahnres cilrrilnyi Hum far llda VTeek,
.is.imd hiiurei a.tine period Mat week,
ahnro.
ItOMW
IllKll. I.OW
mnocity is 1313 0014
1000 Interstate
P.wys is .
1000 Key Tel 1st
lis ..
33300 Lib Bonds..
3009 Leh Valley
gen is . .
10000 Penna t'o
temp ctfs
4',:s . . . .
46110 Plilla l;iec
1st 5s .. .
93
09,111
83
50
03
1
09.50 .30
INACTIVE P1IILA. STOCKS
Following are quotations for inacii..
stocks listed on the Philadelphia Stock & J
change and In which there were no triiiv '
actions yesterday. The price givea li tk. I
last nrevlouB (sale: ' 1
Am Oas War...,
Am Itwa pref...
Amer Stores
do pref
Bun & Susq t a,
do pref
Brill JO
Cam Iron
Cm Steel
Con Trao N J..,
Cen Asphalt
do pret
' Vi
"i'i",' :!
IVi Leh Val Ir
RM 1.0 T.
:i7'.i l.lltla H-l,'in'o" :!
02 North Ont . . ...'.' ii
58 X'nrfh !. i!-
put ;
IT H ,! nr
Warwick Iron '..
York Itwya ".'.''.'
York Itwya pref.
Ml
20
45
145
71
20
60
, 90
, ;su
.Hi,
, 9
. 11
,35-4
u
GOVERNMENT BONDS
2a.
leglstered. 1030 ..
.(oiiDon. 19311 ....
.".?, reslatered, 1918 . . .
:ii, couroti. 1918
4", reslatered. 1025 . .
4s, coupon, 102.1
.1, registered. 1946 . . .
:im, coupon. 1946
Panama 2s. registered,
Panama 2s, legtatered,
Panama 3a, registered,
Panama 3s, coupon .
1030
1938
mot
. 07
:SS8
991;
tOJlJ
:S
. 85
. 97U
. 7.
. 80
. 81
Alt
164
02 94 034 03 4
09 ',4 90
9014 14
I11I11I xale. $.,1.(10(1. (oiinmreil nllli S184.65I)
eterd.it tliuH fsr llila week Slc.l. 450; aunie
period List iveek. S376.6O0.
STOCKS
14 H4
NEW YORK BUTTER AND EGGS .
NKW YOUK. Oil 10 UUTTBIt Receipts,
10.276. Market firmer. High score, 441,4
45'ac; extra, 44'ii-i hraia. 43e)44Uc; seconda.
ll'iW42;c: State dalrv, 4444'nc.
COGS Iteceiwttf. ilMfin caca. Market Ir.
regular. Lxtrn tlrats, 4344c: flrati', 39ni
411,1-: aeconda, 37'a(039t: white eggs, J2Jf(i6c.
Others unchanged.
NEW YORK COFFEE MARKE'I
Yeat.
Open Illtll I.ow Cloas close
. . 7.23 7.30 7.2(1 7.28 7.28
. . 7.50 7.52 7.52 7.50 7.52
.. 7.71 7.72 7.08 7.68 7.71
.. 7.87 7.88 7.60 7. it! 7.87
. . 8.011 S.llil 8.03 8.0U 7.0!)
1 tl
DIVIDENDS DECLARED
Tarony Trust Company, regular semlantii),)
of 8 per cent, payable November 1 to stck-ot
record October 15.
Land Title and Trusr company, regular QUtr- j 4
terlv i.f $450 per share, payable November 1 la 41
cnnLimMera nf record October 11 1
Sapulpa Ileflnlng Company, regular quarter!
of 8 per cent, payablo November 1 to atock t
record October 10.
I . VV . wooiwoiui, reauiar quai
a sham on common, payable Dec
...t. nt ...nnl Vnv-etnlier 111.
Sinclair Oil Company, regular quarterlr ct
record October 81. . 1 !
West Knd Trust Company, regular aemtatinud rll
of 4 per cent, payable "November 1 to stock ot
re ord October 25.
'.....iiLitorl Uiin-ir ITnrrmnirerl il
NEW Y'OniC, Oct. 10. The relhied BUtat
market remains unchanged, wltli the Amir' il
lean. National and Pennsylvania companies jl
quoting tine granulated at 3.35c, and AT- 1
buckle Brothers at s.ouc. ma reueriaii
Warner coinpanles continue withdrawn.
Tiie American and National companies ind
Arbucklo Brothers will be closed next Fr.
day and Saturday. The last sale In spot
Cuban raws was at C.90c.
15
i
s
WHHilMIMMIIIIIIM
IIIUIIIIHIIIIIIIWMWI
H
1T4
H'a
814
65
Ss.
J
99i
T Ht L, 4k W .... 714
do c" 8'A
do prat 30
Un Uaa: at Pan.. 10
lniW Vndtrwd Typa pf.llsi
jiuw.w".-, . v V ..
,ni "w I ill. I'nltad Drug 2d pf 75
..... .- . --. .,, iimimi ..va .v nen .
.; l
Int Nickel prar. .ins
int PnDer or sta. . oor.
Iowa Cent , 4tt
do pref I5!,i
jewel Tea 5
do pref 08
Kan Cltjr 8ouih 1H
l.aclada Oaa 07.,
ljik Krle W oi -'H
lilted Pan llrd
United fly Inv . . kit
I'nlled Ily Inv pf 1714
C H Ind Alco pf.tou
t' a Sm 4 net pf 50
U Espreaa . . is
,U H Jlaalty Imp. . 15U
do nref . an '
Walla-Fur, jj
Brown Brothers & Co.
Fovbto and CinESTNirr Streets
PHILADELPHIA
I ijik lane wi -;- ,;,","."'", ',- . , ua
x Travelers' Letters of Credit
Issued in Dollars for use in the United Stntcs, Canada, West Indies
and other countries in North and South America.
Under the terms of issue of our Letters of Credit, travelers can
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After the War
Foreign trade will be a necessity.
Do not handicap yourself and
the country by allowing your
foreign trade to slip away now.
because of lack of knowledge of
the new export licensing system.
Exporters
Bankers
Traffic Experts
Shipping Clerks
should attend the meeting tomor
row, Thursday, 2 p. m., at the
Bellevue-Stratford, arranged by
the Foreign Trade Department
of the Philadelphia Commercial
Museum.
Mr. C. A. Richards, director of
the Federal Bureau of Export
Licenses, and others are coming
from Washington to explain the
Government control of the ex
port business. If you are inter
ested in exporting, it will pay you
to attend.
CORN EXCHANGE NATIONAL BANK
PHILADELPHIA
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