'mi Slj .1
-
EVENING LEDGER-PHILADELPHIA, WEDNESDAY, OCTOBER 10, 1917
HIH II M1-P'
GOSSIP OP THE STREET PHILADELPHIA COMMERCIAL MARKETS GRAIN AND COTTON
vrnpM
I
"RAILS" EQUIPMENT CERTIFICATES
AS AN ATTRACTIVE INVESTMENT
Many Offered Are Free From State and Income
Tax A Comparison Gossip of
the Street
Ijf A ccrtnln class of 6cuiu lite. Micro N Lontililpiiibln utlll in tlii- my at the
present time, but oulHhle of the lurye trust louipnnlos mid tiKiimscuiPuts of lurgo
.Mlntes llttlo is Known about tlictn. ltofcium'o In imulu to equipment trust cop
tidcatej.
Mun uf tliooo certlfU'itlcis am lisncil on whnt Is known ns tho t'hlladelplila
plnli Mid. In view of tho now wnr tu.xtM. uiu iwiieclull.t desirable from tho Investor's
tniidpoliit lis they (ire dee from both Hlnto and Incomo tuN.es. A few aro fire
from Hlnlc but not Inuuine ln. They me Issued ,cilnl1y and n they uro pnld oft
tin cash outllty In tho lemntmlcr oiltxtniullnB Is nhvns lnrreualtiK, Many of theso
(illpment trust rortlfk'iitci Ifsui'd liy tallroads. not In the State uf IVnnsylvnnla
re not iMtieil on tho Philadelphia plan, and aio theteroro not so attractive) to tho
Investor under pti'sent condition, an tlioj aro tiulijert to both Incomo and Stnto
taxes, but takliiB litem as n whole, railroad equipment trust cerlincutcs furnish
t tate and iirofltnlilc short-term invcstmi-nt.
Vov example, tho IJnltliiiuio and Ohio tlailioad eipilpmcnt 4's per cent trust
certificates of 1IM3 and 1!H4, which have tjow a cash equity of about 15 per cent,
ore free from State and Iniomo taxes and at present arc eelllui; on u 6.20 to fi.2.
basis. Thoo of the llnUlinnio nnd Ohio of l'jiu and 1017 me ftcc fiont Stato but
Dot Income tax and hao not so large a cash equity In thoM! outstanding.
Tho I'Hu Ilallroad I ',4 per cent equipments, series (, It and I', and the us of
Krles AA. wcro also Issued on the I'Mlndelphlu plan, ate free, front Stato and In
come taxes and uro nojv fcIIIiir on a n.35 basis or better. ,
Anions? tho best equipment certificates aie tho Pciiiisjlwinlti llnlltond ftclehl
4 per cent equipments of 1910 uiul 1912 and the J'is of ma. all of which are on tho
Ijj Philadelphia innn, tree irom Mate anil income tu.es. and llie&c aro at present selling
f en A 5 per cent basK
s ncalnst tnese tucio uro the Now York Central Lines equipments outstand
ing the 6V4s of 1007 and tho 4Hs of 1010 nnd 1912, which are selling on u C.CiO to
MO basis, and the I'is of 1917, selling on a G per cent 'jasls.
Nono of these lattei were Issued on the Philadelphia plan and aro subjert to
both Incomo nnd Slate taxes, and whllo very uttiiictlvr, are not so desirable, in
view of the war taxation, as a islmllnr class of Investments Issued on Iho l'lilla
delphla I'lnn.
Depression lo lie Followed by Housed Interest
Kiom many qimitcts excuses ate fui tlicumlnu. for the lack of Interest by tho
public la tho I16W Llbcity Loan, but il Is pointed out that there was a depressing
period of a similar nature ihortl artcr the first i.ibetty I .en n was launched, and
the effect of It piovcd to be that such ti condition wiis needed tit that llnio to
arouse nnd quicKcn the Interest of the nation to the real natuio or tho loan ami
haittll tho subscriptions which eventually made It tho success It proved to bo.
Home of the excuses beard aie that It Is subject to super Incomo and excess
profits taxation. Many of tho people who subscribed for the (list loan and who mo
(till pajtni? their Installments aro not prepared to subscrlbo to tho new loan, or
t least not as much as they subscribed to the first loan.
Some persons used their surplus bank funds to buy thch first Irsuo bonds and
havo no more surplus funds. Others hold securities, storks nud bond to obtain
mono to bu their present holdings of tho Hist Issue and havo no mich resources
to fall back on to buv now. and thosu who still hue securities which they could
turn Into (ash and buy I pec cent Ubcrl Uonds utu not willing to fc.icrlllco their
iicurllles at the picuent low mm kit ptlces and mo waiting for ti j'avorablo turn
PHILADELPHIA
MARKETS
GRAIN AND FLOUK
. WHKAT lttlpt, as.Ofin bushsls. Ths niar
ktt wan steady. Quotations! Car lots, In -fort
elevator (Government standard lnsprtlon
No. 1 red. f.-J7. No 1 soft red. K, W. No. -ted.
12.34. No. 2 soft red, 12.22. No. tjfl.
M.ali No. .1 soft trt. I2.li NO. 4 red. $2.1..
No. I aoft r.d. 12 ir. White wheat relatively
sjtne nrke aa red iled wheat. 2c oft.) No. n
Wheata. red or soft nnd ".Sample" will to
tvualit on their iiicru. but In no case, at we
If undr No. I ,
f UltN There .nia little trading and valiie
"ie iareu nominal (notations, rar lots tor
local trade, na to lucatlon WVatern No 2,yej
t". 12 IH82 IS wratern No jellow, nomlnuli
atcjn No 4 ellov, nominal, wcitern No. o
tellow, nominal , .
OATS llerelpta. 4X2iT hnhele. The mnrket
dull and about 'o lower uiiotatln:
Vo 2 white hew. flS'i Cone: atandaril white.
ni. aiittii.c, No :i white. titt. nnmt'i'i
No.. 4 white, new. U.1,ttn4e
Klnn ilecelpte. (ir.li bhl ami l.Tll.Sl, lbs.
In aacka Demand waa ls nitle. but the
marltet Kenernlly ruled Menilv umler llni r ntler-
tflB lllin,.,ln. ..a IDll II. a In Umill WlnteT.
atralaht. new. flu 2MJ lu an Knn"a. . '!&
new, no i.ltrln TiV. du, patent, new. Ill Saw
11(10, do. fancy i.atent. lll.r.Ojt 11 T5. eprlnB.
first clear, apnt, 111 2.1911.7.1; dn, tint clar.
new. mill ahlpment. Iln 2.1 U 7.1. do. patent,
epot. It2 TAbla. aprlnic. patent new (mill ehlp
nirnt). Ill 2.1W11 .VI do. rKorite lirutid. II-'
S12.7.V cltv mllla rlmlre Hnd fan; P''!'n'
112 11112 7.1; do. reaular srKdod. ,lnl"
atrnUlit IHI 2SJ 10 5U. do. patent. lldallO
Iti'i: Kt.Ofli wna nulft but steadv ."ndfr
moderate otTerlnc W qimii" 8i5l'10.iil
(mill fhipmint), I10.25U10.6U rpul. u to
qu.illlj.
PROVISIONS
. There wa n falrJohbln Inqulrv ami the mir
set ruled firm Follow Inn are the nuotatlnni
i Ity beef m ta. smokeil and alr-dfled. Saj;
.watern t.enf, in eett. riu. d ?.le; city Jieef.
l.nucklee and tendera. smoked and atr-drleit,
81c; weatern heef. knucMca and tendera m"Kel.
:tl b-ef haina 111. pork rnmiu. J4 jnttli;
hima. S P enred. Innae 2(14 S27c:do ektnned,
loose, 27a27iic. dn, do. amoked 2R2l4cj
n'i'er hatna amokeit, cltv cured, aa to brand
and aeraae, 2SHc: bama. amoked. weatern
cured 2S4c; do boiled boneleas, 42e; plcnlo
ehniiluVra H I cured looae. 21c: do. smoked.
'-'.Til. belllea. In pUkle ic. ordlnB to nersle.
1'ioap 3;ic. breakfaat tiacon a to lirnnd and a
ernre. tn,. , un il. Iiv, brenkfat baron weatern
curtd 4iv, lard, western rellnc,! lleicca 2'tc,
do 'In iln t.il.a 'fl. nnr ill. Little rend-rcd.
Ill tirreea. 21'l, Oo, pura i.lty, l.ettlo rcndcicd. In
tubs. 29u.
ItEFINKU SUGARS
The market ruled firm on a baals of S 31c for
extra tlno Granulated.
DAIRY PRODUCTS
BPTTEI1. Th marUt ruUfl firm, with ilo-
tnand ahinrnlntr ilif ilmltfu offrlnuB
aVuoTminn vMrn,
5 1 nrniti pt Inln Taw
iu -i
GOVERNMENT'S LOCAL
MARKET REPORTS
This dnlln itport Is tent out tv (he
riurenu of ilarkrts ef the United Mates
"rpartmrnt of Agricuiture, rMtadtlpMn
branch, telft htadquartcrt at SOO-ilS In
krance Kxchangc Uuildino. XJell Tclfpaoitc.
Lombard 717,
h.(.iholM1" Wl" on lar lots to if::
oae, on aalea at the xarloua railroad depoti.l
.APrr.ns,
Fnt'ITH
K'. ,"' n narrei nil to 10 nuari-r c;",-'1
New lork. Uol.lvvln A r.,ln "U.lnCh. 14 .10.
, 14 7.IJVO. lw,i-
do.
..2lnr' AjrrocIe.2M,.ncl
:-r: ." . f.""e, i-, .inen,
.,.. nim . virmni
a. York Imnerlal. A aru
ZH '.',; ?2S(4.2.1. Htaymnn Wlnnap... a
iiK:.0""!" " A ''' 2H-lnch. Ift; do. from
atornite. A arade, 2U-lnch. It), Jonathan. A
crane. 2ta .tnr.h ir. r.. ,1 -.
CltAltA Pl.t ttf " fcll-i... - t...hj.t tfiUet
Di?l.,i.r!"J.I"tkl"' H7.12 . ,, ,,
''ANANArJ. per 7 h.ind bunch ( dozen). 11.30;
per s-hand bunch (In doien). II rt2i . tier tj
hand bunch (12 ilaon). 11 5. per UiOwnd .bunch
V-Vn01"'1"' '--'' n,r It-hand bunch (13 doren).
"rA.VTALOfPKS. Colorado, per standard; crate
(4.1 melona). It r.lltr 1 ll.l. per Hat irate (12 to
1.1 tnelnnal. 7.,c, per flat irate, ptnl. (12 to l.i
melon"). 70c, whltu rlnda CJ to 9 inelona), 7oCtc
CHAS-nnitltlEH, Jereeys, per 32-juart crate,
"(IHAPKS. New York, per 3-lb, baaket, Con
cord, is til 7i ; Nlaaarni, lntfltc; por 15 1b.
I'liak.'l Concord Il.i1K.1c
I'KAIIS. no urrliala
I'KACIIKS, New York, per bufhel lit to 1ft
n.unrt.'r pecks). Klbertua. II low 1 ns, matl.
":.iinn, per llauart basket til nuurter
" , .
ew erw, p-r inuari uiBari,
pecka) 404J7V
t'Hl'VI- V,
.1.1 8 40c
PI-CMS, ew lork. per 4-quart baaket. Pani-
barrel (111 to 15
COIW PRICES RECEDE
ON FURTHER SELLING
Forthcoming Government Food
Control Discourages Specula
tion by Bears
rer
KOII
DCINCKS. New York,
quarter peckt). trtlji
SOU! AT APCTION TBSTBItDAY
OnANOEH. Cillfornla, per bor, laraa ale
(10 to 12 dozen). Il.niie il.n0; medium alia (14
to In doien). KMiiU j.tlll. email alio (20 to 27
dojen). II 7.1 W a mi.
(IHAPHH, California, per 24-lb. erata, Tokay.
II loyi mi. .Mali, an, 11.208 1..I0, Cornlchone.
II Nl2 1,1
I.KMONH, no aale
VKili:TAIlt.KH
1I1.N. ne.irb. per i-huahel bakat ! to
il.1ctfl, wax. lie
to contert their holding Into Llbcity llondH.
Agalnat these excuses ii, iirnt of nil. the great his fact that tho 4 per ceht
Liberty Uonds are the premier uccntlty of the wholo world; tlutt they nie -I per
cent lntead of 3iS, that tho number of Imycrs tho piiruhaKCd the llrst Issue
hows that the suifaco of possible buyers nil over the lTnltc.l Kttttes has not been
icratchid; that ft fcicat many people who did not subscribe to tho first Isauo wcro
educated lo Know vhat tho purchasing of these bonds really means, first, for tho
Government in Its prosecution of the war, and, s-ccondly, to themselves as In
icstots, that.sl'it'p tho i.tlu of the Hist Nsue ntuny men lutxe gone to training camps,
cantonmc'ils or to the front and hac thus brought the less-on of tho war nearer
home to heir own families as i II a.s to then- neighbois; that when tho first lsiie
put out tic fanners all ovir tho ionnti iycio spending money to put their
ciopa in the ground, but today thc aie selling these emps and putting their
tnonej in the banks. .
Treasury Instruction on Liberty Loan Conversion
prows of Iho point niNcd in this column some days ago. nud which piotcl.cd
considerable discussion icgtiullng the exchange of tho lli&t Issuo of :jb jici- cent
Liberty Uonds for 4 per icnt bonds, Heerctarj .McAdoo has announced that there
lrt be Issued b tho Trcasuty Ucpni tment within the near ftitute a circular petting
forth tho manner In' which this conversion should bo undertaken. The terms of the
JH per cent bonds rctpilro that un Interest adjustment be made on each and every
bond converted. The Treasury Department has dei Ned u method whereby this ad
justment of Interest "can, In a. huge measure, be made without tho actual payment
of any cash by tho holder of the bond to the Government, or vice versa.
Holders of tho S',i per cent lionriV nro reminded that tho dato iif It-suo of tho
new bonds Into which their bonds will bo comet tlblo is November in, and that no
conversions can bo actually accomplls.icil pi lor to th.it date, although opportunlt
will be Rlidn to tho holders of the S'ii per cent bonds to deposit their bonds for con
lerslon sevcinl weeks! In advance of the actual date of issue.
French Borrowers Making Payment
Bonbrlgbt & Co.. Inc., announced jostrrd that funds havo been rcceiied ftom
tho French banks participating In the $15,01)0,000 Kiench e.poil credit of fe'eptember
15, 1910, for tho payment of tho llrst ?5,000,000 Installment under that credit, duo
October 13. This Is tho Initial payment on tho third of tticso ct edits arranged by
fconbrlght &. to.. Inc., the lli.st two of which, nggicgutlng ?30,000,000, having al
ready been repaid by the I'lcnch banks
Colorado Power Coinpiuty Reports
t'oluiadu Power I'umpnio lepnrts that nn aggregate' of 5olT hoisepower was
Involved tn twentv-lhice contracts i'tprneiiting new business on ihlch ferlco
had not been begun on August .'II. These tetiill power Miles aio exclusive of ordi
nary lighting nt.d conitneiclal frervtee. Tho giuirnntccd niiuunl icvcntie fiom them
ffer comiueiiccment of ."civlco v.ts jTo.Siili and the estimated annual icveniio to be
produced b the business oNceeds $H0,00U at out 10 per icnt of tho company's
present annual gios operating revenui. The gteatest amount of service Involved
ln,nj one contract us 1000 hotcpover; estimated nuiiual icveniio of J3C.O0O. It
la .estimated that this conttact will become opcrntiio In Match, 1P1S. All other
contracts will become effective during or befoie next Januar.
Tho net earnings of this company for August, 11)17, wetc $59,150.08. an In
Creaie of $4408.9 over August. 19Hi.
all nhl'
liackerl
i ft 1nr.H
(('da. 42 J (;
eruuo elra
alocka
uf d
, aolld-
lliata. I 141 4T, .
4m
nude
buahel. 7So
HEAVY LIQUIDATION
SENDS COTTON DOWN
Bulges Met Increased Offerings
and Last Prices Arc Not Far
From the Bottom
SEW YOU!". Oct. to.
Heavy liquidation, due to weakness In
tocka. broke the cotton market sharply to
day. Several bulges met Increased offer
lnw and last prices were not far from the
bottom. Itecent support from Liverpool was
UeUlnr. The weather was more favorable.
The opinion waa expressed In some quar
ters that 6,000,000 or 6,000,000 bales of the
itaple would be sold within tho next sixty
or ninety days regardless of the size of the
crop.
There waa a steady tone at tho open
"", October on one transaction ehowlng
gain of 47 points, but other months
points higher to 5 points, lower.
The demand was good, coming' froln Llv
rpool Interests. Traders in Wall street.
tiptown Interests and New Orleans were
tellers.
After the call the buying: Increased, com
Wliilon houses, which had operated on both
14t on the call coining In wltlv good or
ders, and within a fe.w minutes prices ad
vanced 13 to to polntB.
Yetterdav'a
jy. . cloaa Open lllah Iiw It
i f,. vt ,-i.a zi.bu T.nu zo.in -n.in
: t4,'"mkr 2.1 2(1.711 2H.70 28.80 25.82
r"""lr 2U 4H 2H.45 2B .1 2.1.31 2.1. BH
.2H.RI) 2A.M) 20. M 23.41) 2....1'.'
,'jn..-,:i xa.:,z 20.03 2.1.111 2.1 r.t
27,05 , 27,50
ibrmD
fa '
CLOSING LIVE STOCK PRICES
ihH'l.00! Oot JO 11008 Slaw. 1.V lower
ffl Jf'fJv average. Bulk. tl8.S091U.IA:
t..'iI',5Titc,'P'' 20;bou head',
' Sllfc'KV
r K.n
.-nv: -" ...
Uoiij.b.1 RecelDta, 21.000 head
Oo leweri US. Lamba, 118.85,
Generally
Weak. Star-
U1o(.?5A6aCIIT Oc
nib moitiy inn (am, .
illCBl' Receipts, bono head. Strong.
io -
ateady
iiiuu neaa,
.VTTLE Iteeelptf,
Steady, closln
SECURITIES AT AUCTION
Vow- changes in the prh.es of local banks
and trust companies stocks wcro itcorded at
tho auction p.tlo ot ttiuiltles conducted to
day by Humes . l.onainl. Kalruiount Sav
ings and Ttust I'oinpuny ndanced 2'i
points to 10:'4. I-'Irc Aatoclatioii gained ,1'i
ami J 11. Stoton Coinpnnv couunoii S.
West Knd Tiust lost 5 points.
Tho tales follow :
STOCKS
31 thra. North Wild owl Iniirmemenl
Co. ; par $100 3
lODahra. Kaat Iron and Maihlne Co. pre
ferred: par $50 4'i
13 shra. Ileal i;atate Trutt Cu. preferred.
par $100 100
10 ahra. Newlln Halnea Co. preferred,
. par $100
8 ihra nercner & Encel llrawlnr Co.
preferred, par tlno
r shra. Ilantc of North America; par
$t0O
aa ahra Tnclcertnn It. It. Co. nreferred
$d Tuckerton It. 11. Co. preferred
acrlp Lot $11
21 ehra. nank of .Norm America! par
Itoo
10 ahra Falrmount baMnga 'fruit Co.;
par $100
n ahra. franklin Trust Co.: par $1(10.
in.hp. liAluirt Mnrrla Trust Cn.i mr
1100 03
2.1 ahra. Wfst Knd Trust Co : par 10il. 181)
2 ahra fire Aaeociauun u t-nuaaeipnia
par $50 . .
4 ahra. Klre Association of l'lilladelphla
par $.10
10 elira. Independence Klro Insurance Se
cumr t-o. ; par t-u
43Ji41c, ape ui lirauda t,r prints Jobbing at
ul 71.11,
IliltlS tllitl tul,v. fieali i.enilu elK
ncre well , i,uiPi un uml linn bin moat "f tin
auppii una nf umittru, Um atoi k whlili anl.l
alnwtt iml ruled neali CJuoUtlim" Tree iaae
narh; ilrata. rji,ii nr atnud.iM cnae, current
niclnii. Hi' SO per cnae. aeumda. SlILILIt'l I 25
per , ne neateru extra tlrata $12 HO per me.
tlrata, $l2:m per mse: seconds $I0H.11I21
per cnae, faprj aeiectcd eggs were Jobbing al
in B. 11 it per dn?en
'lll:i:sn sold lowl Inn iuld steady undei
nmilernlj ntterlnga Qiiuimi im, e Vork. full
cn-ain fab' v .lull" 27c speclil lilgber do. dp
freab mndn beat. 2d' f 2'i do. do. choice
25' i2li.. do. do do. f ilr 10 good 2l4S25o.
POULTRY
7.1'n was dull and tnaler Quotntlona' Towls.
ns to iiuallty, 21 'a 24c. rooters. 1HD2V. prln
iblikena, noi l.ej.hurii". m cordlins: to iuiillt,
2ltf2, ; While IrfKhortia, 111121. du. Us. 1'eliln,
2122, , du, Indliti Itunliei, mil 20, . do pring.
22H2I1, , turkesn. 22Ii2il : guinea, uiut per
pair mlglilnir 1'ti Jf2 It" nple'e niicm $1
smaller size., 7nfi kUl jf , BUI pilri ,;ii'n li.'i .
pigeons old. per pair. 24 32.V, do. oung. Hi
pair. 2(1 Ji 22c
UltKSSHDTlie market ruled fin I nn fine, de-slrKble-sljrrt
stock of moat descriptions, the lim
ited offerings nf hlrh met with fair sale. Quo
tallona tollnw IVmla 12 In box milk. fed.
dry-picked fancy aelected. 32c: do. weighing 44
II,- up' ,, .41' , ,1. urlghliig 4 lha nplei e 3tc:
do nrelghlni; 3' lha. apiece. 30, ih ml.litnc
."1 lbs ni'lric Ssflt'Dc. fowls. Iced 'n bide , fancy
tir nlcKed Meigtilng 4's lbs iml ler aldeie.
31c. do. weighing 4 Iba. a.-'e,. r.nasntir- ,1o.
stn.iOr aires. 2l5f25c old roneteia. dr pi, ed.
22' brollr.-s wrluhhti. 1 1 , 'tt '' lbs anlece .ler-
scy fniv 3:ift.1He. viif'NM fanci. ."oOS.Ic.
oilier learbr 'Jl)ft(,2,(. per lb e;,,i .1", ,, 2S ;
loaatlnt; chickens neatein iishllig :i'4'(4 lha.
nniere -JN jr:Mlc. ilii'kepp. nMltn. neighing 2'4
3 lbs apl.ee. 2"i'2i,'. lurkea. frcali. killed. Pr
lb western, b-st here 24ff2.1c: cotnmnn. 20
22c. spring dink 2.V42II': sounba white, weigh.
Inn U91I2 lbs. per dor . $5 1515 80 do. do. V(f
in lb per do . $1 r.'ISoi da do. $ 11k per dor. ,
$S.50fH: do. do 7 lbs par do. HSfR 35. do
do ntfilVi lbs per dor. $2 2.1 ff 2 CO, do dark,
$26 2 00. d-. sm-ill and So 2. 75c1J$l Si.
KRESII FRUITS
Apples were generally firm reachea and
peara were barely atcady Cantaloupea were
In amall suppb. dull and easier Quotations
Applea, New York per Mil Jonathan. $4t)l
Mnlden Hiutli. 3Cu 'I'wentj ounce. (X t.nii
.150: (raenstrln. $4ti.125. Weaith 115 il.
(Ireenlng. .'l5. Inuhrss. S3u4 5ll. Ilnbliwn
$3W4 HI- (lrib. tstlft Applia l'ennsj bai.iH
and llgiula. per bbl - ttexaiuler $4tl,1. ilolli
ll.Mtut.v. $4 50V. I'd, Sl8Mu.1T! Wlneeau. $4
"i 50, (rltuei a (lol'len $4tl .Noltbwest (jleei
lug. $11 '.',. llnlio. S.IK4 .111 York linpeilitl. $USl
4 .'ill, lien UaV'l. t3UI nuuilnet Unmbo. $J ,1(1
115 Apples, wester.l, ti'-e box Jonathan $JU
2 r,n. w Inlet llanan.i $1 75 B.I CO Apple", l.ear
l: pet hamper Mici$1 r.o do, fit. per -bun
baskel, 23eiitl 25 ( tabapplcs. per .bush
basket, $1 7,1f'-' yuiiices. New VnrK. per bid
tttD. T.emons. pr box, I'JOOfid ltatianus,
per butuh. $1 2.1412 r,0 Oranges, i nllforitU.
per box, $215 21 Pineapples, Torio r.b'O. per
Mate. $3 2',f 7. tlraprs. New Yoil. per :i Ih
basket, l.litthc: do. do. per IB-lb basket llllfi
a.lo; do. California tokay. per crate. $1 7n.
do. Cnllfornla Malagas, per crate, $!fi'l 50 do
California Jtuscat, per crate. Jttrl 40. do cat'
fornln Cornbhon. per crate $1 754:2 I'runea
New York, per 4-ll taikt, 35S45-. fllinis
Nw York, per 4 ot basket lnnion 4IIO.",(i.
(ir-en (lage. .mnttn,' do I altfnrnia Cress, in i
, ioe. tl 501? 2 .in, ,lo (Irand IlnLe per irate
$1 f0$r2. i'an(alnuiea t'nllfornta and Colo
radii -Standard crlte. 1 1 KO tr t R.1 , Pnn .rale.
JI '' 1 , . flat cote, whits meat. 7.lCTWc do
nlnk meat. 71' do white rinds J1W12.1
reai bea. l'enns lianla and IVes, irglnla per
bnaket. 754iimc. do. New Tork rer bushel
basket, $1 26 W I 75. do. do, per J6nt basket
KntTMIe do. do J'alifornla. per bov 10c1T$l
Veara. llslaware and Manland per tiatnpel -llnrtlelt.
$1,102 23. deckel. $1.1116 2 75 dn
New York per bushel biaket. nartlett. $21(2 2.1
do. Wcikel. ISW.1 50. do. New Tork, pr bbl
tiarllett. $451(1, secke. $(11Ta, do. alifornla
nnrtlett per box $2?4 Cranborrles Jerse
pr craie. $203. do. do. per bbl . $9u11
VEGETABLES
Choice at, ul, waa In fatr request and renerallv
firm Quotations White potatoes Fastern
tihore. per bbl No. 1 $S 50r4 2.1 No 2
$1 nn,a;2.5'l. White potatnea. Delaware and
Marlnnd. per bbl No. 1. $3 2.1 Hi 4 White
potaloea. Jersey, per , -bush baaael No I
k.1ctl$l: No 2. OOtffi&c While potatoes Jer
aei per l.m-lli hair, glanla. $3 3503 40. Whif
potatoes, per bush fennsjlianta.' fanej, $140
ill i.O: New York. $1.3.11 40 Sweet potatoes.
North Carolina, per bbl No. 1, fiiBS , No
St "5 a I 75 Sweet pntaloet, Eastern fhore.
per bbl -No. 1. $2 500 8. No 2. I1M83S5
Sweet potatoes, Jersev, per "t-bueh l.aakel
v 0tl75c- No 8. 40ff35c Celerj, No
York per bunch. 20Wh.1c Letluie. New Tori.
rZi box $1M125 Cucumbers. New Tork, per
KuSh IteJso Cauliflower. New Tork. per
box "$1tfS 50 Cabbage, New Tork per ton,
l"o'027 Onlone. Jereey. per hamper, II Ol 40,
So Orante County. New. Tork, per hamper.
II 13W 1 60. do. llllnola. Maaaachusets Jersey
and Orange County, N. T.. per lOU.Ib .bag.
I ftOOsS." do. Ohio and Indiana, per 100-lb.
bag .3:iiil!B25. do, California. ir 100-lb.
bag.' I2.70W3 33
10 tiuarler necksl. green
51 lima a. si 'J.iWl in
lllIKT3 nearbi, per bunh. 21loC.
CAIllMtlK. New Vork, ptr ton. $24ai2i Ji
1". pet , -bui.hel basket i!2 to 15 beads). .ID
U hoc.
CAItnoiS. neirbv. per barrel (31 to 40 auat
ter pecksl, $2 3U03, per hunch. 2tf3o.
cAt'l.lFr.oWKIt, New Tork. per tog It dozen
hesde). It, G0C3. .. , ..-..
ci:i,i:ilY. Per bunch '12 atalka). 30O7.V.
corn, nearby, per 100 ears. OPcbl.nu.
ft t'l .MMKHS. New Tork. per
U2 2.t.
lii'.i.n.ANTS. ncaibi. per i-bushtl basket
11.1 20 plants'. (11111170c. . , ..
1.1'I'TI i U. New Tork. per box 12 dojenl. , e
T$1 25, 'ew Jersey, per box (2 dorrnl. lift I '..
(t.N'loNM, per liio-lb shi k. Mdlnwe, Indiana.
$2 7.1 il 3 10, New Turk, 'a If 3 I" Maasnihuaetta.
pour I.IW!) 10 Callfnrnii Australlun brown.
' 50, Ohio, white $2 73(13 ...
I'lllSMI'l- neiirbi. per -bushel basket tt
uuiirtcl niiksi ll.lf ,5i . ,
l'lll'l'KllS mnrln. p. r i-bush(l basket (S
lo 10 dneni 315(le.
I'liTv'IOIJS. n nrb p, '. bushel basket (3 1
Ibs.l, No 1 una II No 2. f.ilifiinc. b'llk per
bushel Kill Iba ). New Jersey. $1 2llSrt.31. ctlll-
ni ihhih. 41 suii l on. .mw jorKs, ti ,,., i i,
PI'Ml'KlNS iienrhv per -bushel bnanei (o
lo 7 In basket) MtMOr . ,.,
SWIIIIT roi'.noiiH, tlastem Shore of Vlr
glnla. per barrel (35 to to ouiiner pecks) No. t.
3513 25 benrb, per S -bushel basket (H In 0
nuarier pr 1,9 , ink. e,,u,-, ,-. .-m
SIMNAf It. neaiby
peeks) fi riOWJ v .A t
IS(Jt!ASII. nearby, per ' -bushel basket (20 to
23 squash), 13"U25r , , , . , , . ,
T()SlATOKS. neaiby, per -bu'liel basket (T
(., Id quarter peiks). Sue'iJil. , ,
Tl'HNirs, nearbv per -bushel basket
white. 4ufl'rni , e,lira 10 B 70
WATIJllCRKSH Not,, ulul rniislliiu
poi bun- h Vj tl -'
ids
tuarler
rnir'Aao. Oct. 10.
Additional losses In securities, renewed
t illt about Teutonic peace efforts and a bo
llef that the Government will frown upon all
bull speculation In foodstuffs caused pro
nounced weakness. In the corn market today.
Liquidation on short helllnc ran rampant
and milieu wero feeble. Stop-loss ordeis
wore uucoered us prices declined. There
was "dine buying; mi reKtlup; oiders, but It
woh neither MBKretslvn nor sustained, mid
win easily supplied by thoto h.iWns Uuic
emu III PCM,
The country continued to offer ntilv cu a
small Fcale nnd the cah article here wus
oompni-allvely steady, but thcie whs little
demand. The opinion was expressed tb.ii
no chatm-ei would b made In thn maximum
pi Ice, and It was nsserted that tb leld
would be even larger than csllmnted lij the
(Sot eminent.
The best on December corn was $1.1 s ;
thn low Jl.13'4, nnd tlio clo $113'sf
?1 13, OKUlnst ll.lSa, at the cud e
tenbiy. Tha hlgli on May was Jl.14; tbo
buttom 1.0S4. hiuI the clnso Jl.08T.if
tl.08s4, asahist JI It's at tho close ics
tenia) .
Tho market ot Liverpool was steady and
tbo feellnK there was easier. I'rlVAto
ciiuicb irom ArRonnna indicated mat mi
extensUo area was belna; planted thetc. The
strike In Argentina remains unsettled.
Oats were affected by the break In corn.
I'lirchashiR of December by houses wllh
lonneitloiis at thn seaboard was licit r.
Kipoiters did some buying;, but tlir-lr bids
weie of such a character tbut quite n num
ber of ciinseri.itlies refuted to opctntr mi
tbo basis made, thus limiting; traii4i tlmis.
The market at Lltnjmol wiih steadi.
Thn top on December oats was 50,-, the
low D"ta', nnd the cloeo 57 t fi5Tkt-,
nmtlnst ODa nt the end ) ostcrday ; the best
on Jlay was C0ie; the bottom G?e, nnd tbo
iluso iiflSaoOSS'ie. agnlnst 60"jc at tbo
end )esterda)
JIONEV.LEND1.NO ltATS
'Ktr ltinil Money on call opened at
3, per cent ; high, 3 s low. 5 ; last, 2" 1
closed, 2t : lulltur rate 3 per cent,
A more liberal supply ot time money Is
reported, but there hah been Utile or no
business under fi per cent At thnt rate a.
fairly considerable amount Is available to
borrowers. As .heretofore, almost all the
business transacted has been on Industrial
renurltles collateral.
At Cli per cent prime mercantile paper
Is more active, but at the nominal B'J per
cent discount figure only u moderate amount
of paper can be moied.
rilll,.vii:i.rill. Call, 5 percent; time,
5flG4 per cent Commercial paper, three
to four months, Ctifffi'a per cent; six
months, C'-tlS'i per cent.
BANK CLEAItlNOS
, oue-
llank elearluss todav compared Willi
enoiiuing nay last two jears,
1017 1010 1013 .
rhl1adelphlu.l8.1,lsl.Hl Il9.(i71,l7 I41.2l.0t!
New Vork. . .5011. ink. 2HII 7IH (171.022 fll4.N71.02l
lloston . .. 3H.5D3.M.1 .'IS. 107 5"3 37.717.402
Ilsltiinoia .. 7.017. 8IKI 7,3(ir,,0sU ,C97.534
LOCAL MINING STOCKS
TONor.VH STOCKS'
rnni'tfiv vxnuMtnv. : ,
!uw YOHK, oct. tOi Tne feature or tnjti,iB
foreign exchango In tho early dealings to-''V
. . .. . . ..,,.. . -ta .V
uy nag extreme auuncs. i-iro move; ;
down fl. shndA and demand aferllnie mlttK
have been termed heavy In tone without; 'it
nartlc.tllnr flerllne. T)tth1a al.arll.it af tlisi
slight declino which took place late on
Tuesday.
Quotations weres
Demand sterling cheeks 4.7C 4-1S, cables
s.7 7-16. Slxty-day bills nominally 4.7U4.
ninety-day bills 4,6Bt,.
Kranc cables S.77T4, cheeks 6.79'i.
1 Swiss cables s.61'4, checks 4.70.
Guilder cables (3'i, checks 4U.
rcsetas cables 23.50, checks 21,40. ,
Ituble cables 1SH checks IG'i.
Btockholm cubles 37.83, checks 37.31.
rhrlstlanla cables 22U, checks 32.
Copenhagen cables 32, checks 314.
Lire cables 7.77, checks 7.78.
i
i
PAHCEL POST
Leading futures ranted aa follnwa
Corn (new- delliery)
itpen man i.ow
i.is j.iai
1 13 I .((;
1.14 l.us;
IAH
i i.i
1.14
f.R.
.-,'.1
(10 "i
Pee ..
Jan
Mav.
(ia is
net ..
M.v
I .-ul
Oct...
Nov. .
Jan . .
Illl.s
Oct... 427.75
Jan. 21 25
lfot L
Oct . 43 Oil
Jan 4.1 2.1
YeM'.lsv'a
Close close
l.l.Va l.sa
tl Ollt. ! 14'.
I.M'J 1.14S
24.00
24.2.1
23.2.1
KM,
f.n
u".
24 02
24.2.1
23,2.1
27 50
21 :(
3
57'i
nn
23 0
23 7l
22.37
27 on '
23 JO
23.0
23 70
22.40
lib! Msked.
13 !
15 :
42 !
43 :
42 2.1
1.1 oil
i Ml
till",
J2I.H7
21.20
23 32
t'-' no
21.30
41.2.1
45 t7
Jim Il'itler
MacN'amara ...
Mldn
Mlzpah uxteueion .... ...
Montana
North .tar
Hscue lima
test 1. nil
tiObOFIKLO STOCKS
Atlanta
Ulue null
Il.nith
niamondfleld fl B
Daisy
KewMnas ,
Oro
Sandstorm Kendall
Sllier riik
Mt.SCUi.LANEOL'H
Arlaona 1'ntted
Nevada onder
Te. opa -Mlnlrg
Did
.en
IS
,n
."1
.Ki
.mi
.17
.00
.0s
.01
.01
.02
.03
.07
.nt
.02
.10
1'i
.30
Ask
."1
.10
.10
.08
.09
.02
.od
.(18
.ot
.mi
.02
.03
.12
23
2 (Ml
ItAILROAD EARNINGS
nt KK.M.O nonius n:i
1'ir-r week (Viober .
a Nn riTTsncnfm
1S17 Increase
1330.147 I30.24U
TOO t.VIK 10ft ClAsslurATlOV
iietus
nOK'DKMUilji -Oct ft. HKATKICH if.
KOEDGMIKIM, ot 4600 Chestnut t. Tuneral
and tut. prliate
1IKI.I' iVANTCW 1'KIUl.K
r.ACNiinr HF.i.r
FOIl OOVRRNMIINT I.At'NDRY WORK.
flxp-rlenceii nnd Inexperienced. mnrke-a,
eirtera, operalora nn press machlnea foldera
and ceneral work, aood wassa paid- new'
hulldlpit, condltlnna eri- pleasant. 1'KN'N
SIIA'ANIA l.AL'NURV CO. 31U N. 32d St.
iir.i.i lVANTi.n mi.k
CAr.PKN"n:llfl wanted. Applv Phlla. Uieclrln
Co 2Ntii aim ( nristian ais
for Mr unuey.
east aate. Ask
No connection with
anr other vlacef.
Kejatone
Park 0343 1).
Old
Reliable
MALONE
The Tionccr Bicycle
Man
Manila bark of his
BICYCLES
AlAl.WH HA nWlOAINS
5K.1I llIUlA.I.r,B
.iO.OO and L'p
1 ll,ral allnwniiee nn Tour
lilrjile, (ah or easy pannenta.
eiond-Ilond l!lcr1e. sj.00 Lit
rini:, $1.00 ,v
Uer mini tn the ritcjete Line at
Lowest i'oasioia j-nces
i Ant ,1. n.r hefora nurchaslns else-
where and ou will save tnonej-. IV'o do
nlckal-platlnr. enamellnr. braalrur, utcan-i.i-
-nrf wrsldlnr All kinds of repair
work auaranteed V, nra cheaper than tha
cheapest. Our work la better than the best.
Call and he convinced Open avenlnm an
Bundajs. Daddy ot low prices and Quality.
GEORGE C. MALONE
1203-03 nirard Avenue
NO CONNECTION WITH ANY OTHER PLACES
W' ,s 1
VtJNhi
m TiBki
Vi
mv'sH
otd m H
PAWNSHOP AT 904 VINE
Loans 11000 for 310
nrlns Tone diamonds, watches and Jewelry t
the larcest pawnshop In the world.
Walter's Pawnshop, 904 Vine
nOMlKD 10 TIIK CITY
AUTUMN KESORTS
ATI.VNTIC CITY. N. .1.
80
35
230
230
102'i
130
2 ihrs. United rlrcnwn'a Insurance t'o :
par Iln , ; .
S ahra. People's National 1 Irs Insurance
29 shra.'j'eople s National rlr'o inaufaDce
Co.;parl23 ,
13 ahra. Philadelphia Life Insurant Co.!
1 ihr.John fa'.' Bte'tsoiV Co." "rfefeVred;
par 1100 .
2 ahraT John II. Stetion Co. common:
par 1100 ,:
3 ihrs. John B. Htetaon Co. common:
par 1100 ........................
42 ahra (lersner Knrel Brewing- Co.
preferred! par IIOJI.
a ahra, Merihanla and Miners' Transport
1 shr. library Co. 'of 'Pnil'adVlphia ! '.".'.
WJ7lB
tnoo L'nlon Passsnaer Itallway Co.. 4. per
' --., r .mini. counon
nd October. Bus 1B(I
SH per cent.
uui
Pa
November,
sz&m:
HOOS ttecelpU,
tsadyi faed-
cent. Extended, loupons April
and October, uui
1000 Boroush of Media, J
Coupons May and
May . iui .... ...,.
2000 mericsn Ice Co Per cent Heal
iam Tataii renerat mortaaie loupons
l'abruary and Ausust. Due 1043 .
jnnn Btit. IJne and aulllvan nallroad
4000 8UU J parent. Tlrat njortae.
Coupons January and July. Due
ooo itov'r
wo a'"' 'ty
310'i
310U
20'i
K
16
16
lO'.i
157
810'i
3I0U
33.
ABU
20
80
94
9K
OS
CI
KJCAL ESTATE FOR SALE
0K LANK
HEAL ESTATE FORJALE
OAK LANE
;33caiaiiiX33cBJBt:K3:
HEAL ESTATE FOR SALE
OAK LNi:
X3!2ra8i?53rS53C32CSa3LX3 a
More Than
i
WORLD'S a"f5,eVt0,iVe.8eurrM
Dluo nr Sup In tli romon-i
SUBMARINE GRILL
fipaeloni Flrrpronf fiarart
w
an
???
Galen Hall
ATLAINTICCITV.N.J.
HotQlandSaDatorium
Noted for It's superior
table nnd service. -
icnna curat vaoams.
2yi!r(!iJ,!91i!!MiY4
fa?
VVrtminster 1o ' '' H"-1' ''
water. 10 up w l I- up dally ciiai. Duhre
v . v I 1 lintn,ilV
Um.kI K kMtf. I - -
nuil.1 jjuoluuci neacti.
bpf'Ul fall rates, Phone 117
ae. nest
Open all )ear.
A. n. Marlon.
EDUCATIONAL
r.olh Setes
iMp(0O949jV4BsVGflt8id
ilontes'siori
nnjinniNO and day pciiool
40th and Mnrurei 8ts., I'hlla.
Reopen, for 4th Year In Ortobae
Ball Tel. rrsston 44SL-. Antn strrlee.
rielentlfle Direction for NORMAL Chil
dren. 3 to IS years. The aim of this school
Is to aivo Normal Children an enTlron.
ment In which th spontaneous Impulasa
ef child life may haa freedom for Inol.
viaual trow-tn, uirecnon covers v.
--.,- ...aa.,ah n.n,.lm.nt. LAS'
trol of Kmattona Occuoattan. etc.. !
ferlnr for each individual
on, r
child.
Training Course for Teachers
Announcement will be made later ot
the openlne of oor Central llrnnch firhoel.
Blrs. Anna nmnit -nii. Iirerir7.a
Mnutes.nrl nielnnia, Rome, 1014
MUSIC
COMBS CONSERVATORY
33d Year. Individual Instruction. Personal
Supervision. All branches, theoretical and
applied. A Pchool of Public Performance.
Teachers' Normal Tralntm Course. Publlo
Pchool Muslo supervision. Degrees con
ferred. Two Complete Pupils' Mimphony Or
chestras. Reciprocal relations with Unlr. of
Pa. Dormitories for women. A School of.
Inspiration. Loyalty, Success. Our Year-llooli
Is free and contains valuable Information.
atlhert Haynolds Combs, Director
Offices, Studios, Dormitories. Ilrosd rtesd,
1
hristQnsen
SCHOOL OF
POPULAR MUSIC
HAOTIMK IN 10 LF.8S0NS. PIANO. UKULELE
"All instruments, loons nut. lor nw.irii
IBtO t heslnot M. l'ln
1413 Vermnio St.
flnruea AST.
rhone Tlofa 3JC1.
THE WILLIAM HATT0N GREEN
BCIIOOI. OF PlANOVtIBTK PLA11NO
LKSCIIKTIIKY l'KINCIl'LE
Klrst Assistant
CARRIE IIKPIIURM MATCniN
Special Normal Cours for Teachers
ProsresalT Series
Pupils prepared for concert performance.
i-hlldrsn'a Department 1714 Chestnut Street
'HELEN ACKROYD-CLARE
VOICE CULTURE ART OP 8INGINO
tdtA.?al?Jtyff.TV:.n?hrvf.nTgrir-
PhUa. Conservatory08, M,S8i? u.h .t.
nirtotof T. H. Eitrmin, II. Vn Dtn hmt.
rrT
Wc Gunrantee Positions
To all who complete our Practical Bus
iness Courses llecome a Hteucsrapher
Ilooklceeper. Becretan or Salesman
Htudents' ates 14 to 40 Both ssies
Dsy and night. Charges moderate.
llertn your courae nosr.
Strayers iiustness college
801-807 llirsliiut Mt.
U'alntlt SH4
St In
I'hlla.
JIIIO
Salesmanship Public Speaking
CLASS AND PRIVATE INSTRUCTION
under a Lecturer and Teacher of 30 years' In
ternational experience and ertab. r, ttatlon,
NATIONAL EFFICIENCY LEAGUE
008 CHESTNUT STIIEKT
LEARN RUSblAN LVNUUAGE Trade with
Russia will soon offer enormous possibilities;
be prepared. Private Claasea. 33 leasons 110.
Translations, any kind. Write for particulars.
Mr. Malshlnshy. 1830 Pprlns (iarden St.
15 DIFFERENT STYLE MODERN HOMES
in
Beautiful New OAK LANE SECTION
(City Sewers, Water and Paving)
OLD YORK ROAD TROLLEYS to DOOR
No. 24 on Sixteenth St.
No. 55 on Eleventh St.
No. 05 on Fifth St.
Get Off at 68th Avenue or Haines Street and Walk West
Prices Range
$5200 to $9500
Satisfactory Terms
( Some Have Individual Garages
INSPECT THEM TODAY Many Already Sold
JOHN F. 2EH
( RUSSELL H. FOSTER
BUILDERS SCHWINGLE BROTHERS
WM. O. MAHON
P. WM. HUSTER
OFFICES ON PREMISES
jac.aacaac3ca3Z3X3aJX3L!CBiJX3
a
a
a
a
u
x
a
HEAL ESTATE FOR KENT
FACTORIES
REAL ESTATE FOR RENT
I'AC'TOftlLS
REAL ESTATE FORRENT
VS-CTOllIES
Factory Ready for Occupancy Moderate Rental
Long-Term
Lease if
Desired
$4
month
Night School SSSL
Shorthand, English, Penmanship.
PALMER SCHOOL. IS 8. 10th St.
Private LetsoMBi'lft RaYic.
Backward puplU. Mtn Wlldmn. 1636 Ite tt
Yoimr Mn rtA Horn
The Episcopal Academy
Lociut and Juniper Sta.
rOVNDSD JJIJ
With Wbtoh WaaUnltsd In 1015
The De Lancey School
Thorouih tralnlne under Christian Influence
In preparation for Collate or Business,
Separata Uldr. for boy 6 to 11 ytar ot ass.
Voluntary Military Drill (or bora tn lbs
Mlddla and Unpsr Rehoola.
. SCHOOL 18 NOW IS 8KS8IOS
inadmaatsr Its?. Philip J. Stslnmsta. Jr.
ruuJoBBEM
ESTKV UAH,
COOKE
Y. M. C A. SCHOOL OF MUSIC
Band tor eatalot. IB cours, 11 Arch atrast.
"ajUCCKHsrll. TtacSsir ot pIno."Vol5, coioha
pupils, tarsa anodsrats. X Hot. t. Cla4.
grillNO GARDEN INSTITUTE
(ffSianl'o.
Yung Women and Otrl
ron
OIBLS
Miss Marshall's School
OAK LAKE. rillLA. ,
nay and Bosrdlna Dapartmsnt. Primary
throuiu collsi prsparatory courts, also Art.
iiu.lo! Eiprssslon. JJoinastla Scteno. Tjaohsr
S ivsry tlrl. Caiapu of 4 f,cr. Lart.
Slr study room. Outdoor athlaflc. Appoint
mint now b ,ntak. wito tha pflactpaL
- j0ai XH lJjJVlt1 at. '' at? Wi J.,,
" fC s Sr - sir
'"Ve fiFM';tKt-lii lc&&Q' r y
Cz$Z$$zmZ?mU J Ten
z$&m t&$m&z&'
acres,
450-foot frontaae
on Delaware River.
175,00 square feet of floor
space. One and two story brick build
ings of mill construction. Big yard,
power plmt and pumps, 2250 gallons
per minuteapacity. Convenient io
Three Trunk Railroad Lines
This valuable property, on the Delaware River, within four miles of City Hall,
Philadelphia, may BE RENTED AT ONCE. Suitable for BIG BUSINESS. This prop
erty offers an ideal location in tho matter of splendid labor conditions and shipping
facilities. Surrounded by New Jersey's biggest manufacturing industries. Full partic
ulars on request, or representative will call. WRITE OR WIRE.
David S. B. Chew
826 Commercial Trust BuiMinff
PhilwWffci, Pa.
sM
Ja '
Bf(
4K''
."t.
2Si
if'',
IS ?
1t- M
"jiHno and Volo,
hf
inn tim ytiffii'
sps
K Wiat
U 11
Ml
i