4
.18,
EVENING LEDGER-PHILADELPHiA, WEDNESDAY, OCTOBER 2, 1917
FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATIO
t
fc
OCTOBER 24, 1917
LIBERTY DAY
AFTER THE WAR
I SHALL STAND NO
NONSENSE FROM
THE UNITED STATES"
WILHELM II
SUBSCRIBE TODAY
TO
THE 2D LIBERTY LOAN
REILLV DROCK &. COMPANY
War Tax
Analysis
For Individuals
Part netahl panne
Corporations
An expert interpretation of the
Income Tx, the War
Income Tax nd the
ar Excess Profits Tax
Thin analvsis rovers the many
perplexing problems ronfronling
those subject to taxation.
s booklet PK lil n I -upon
request
The National City
Company
421 Cheitnut St.. Philadelphia
New Tork Cnlraco Sun Krsaclice
Bimrul flll.litirch
Federal War
Revenue Bill
We have prepared, in booklet
form,' n summary of the Federal
War Revenue bill, including
tables of the Income Tax, show
ing exemptions and amounts
persons will be obliged to pay
the Government.
The subject of excess profits
is reviewed, with practical ex
amples showing how the amounts
arc computed.
Ask for Booklet L-10
A. B. Leach & Co.
Incorporated
115 South Fourth Street
Before Purchasing Oil Securities
Investigate
BARNETTOIL&GASCO.
A rrtODUCFR. TMmiFR REFINER
unit IHSTIUHHTOrt
and pars rrsulir dividends of 12 on
money Invested now.
Active dally market
For General Information
E. H. CLARKE
MORTON R. ALEXANDER
tResldent Partner)
Phone 1149 Spruce
Stork Ksrhnnae Hide. Phlla.. I'u.
27 Mllllsm M. Nw Urk
Newark Chicago Indianapolis
THE
HAVILANDARMSTRONG
COMPANY
STO C KS Ml8 WALNUT ST.
r-,.-,K.r-,c PHILADELPHIA
BUNDS NEWYORK-BOSTDH
INTERSTATE
OIL & REFINING COMPANY
33 PRODUCING WELLS
RKSULAR QUARTERLY DIVIOEraS
imvsoiation upon naquxsT
DIVIDENDS
FRANKLIN NATIONAL HANK
Chestnut Ht. let of llroad
Philadelphia, Oct. 22, 1917
The Director! have thla day declared a eeml
annual dividend of ten per rent (10) free of
tax. payable November 1. 1917. to atockholderi
f record at the cloie of business October 31
Checks will be mailed. wooer si.
J TO, HARDT.
. - . Cashier
THK tllKUtl) NATIONAL IHNK "
. . . I'hlladelphla. October S3. 1D17
The Directors hare, this day declared a . dfvl
fend of lht per rent 8'.). payable November
1st. 1917. to atockholdera of record at the cloIJ
ot business October 24 Checka will hi mailed
CHARLES M. ASHTON.
Cashier.
DIVIDENDS DECLARED
National Transit Company. 60 centa per
share payable December 15 to holders of record
November 30. l '"
Amparo illnlne Compaay. regular quarterly of
B per cent, payable November 10 to stock of
record October 31
Llraet Myers Tobacco Company, recular
uarterly of 1 per cent or. common, payable De
camber 1 to stock of record November 15
National City llank of New York, usual quar.
terly of B per cent, payable November 1. Hooks
ilose October 54 ana reopen November 1.
Arkwrlght Cotton llllli Corporation rerular
quarterly of B per cent, payable November 1.
to atock of record October SO.
Granite Hills Corporation recular quarterly
f 2 pjr cent payable November 1, to atock
sf record October SI
GOVERNMENT BONDS
MOST RAILROAD STOCKS ARE UNDER
PRESSURE ON NEW YORK EXCHANGE
Union Pacific at Lowest Price in Many Years, Due
to Lower Earnings Industrials Move Irregu
larly Market Steadier at Close
Sa, retistered. 1030
2s. coupon. IPSO
Ss. reslstered, 1MB
Ss. coupon lots
4a. register). WJ3
4a, coupon. 125 . .
Sa. rejlstered. 1V40
3a. coupon, 1940
Panama Ss. reslstered. IRIS.
Panama Is. reslstered, 1038.
Panama sis. registered, 11101
Panama Sa, coupon
Did
. 7
. 0i
, DO
. l
.105
.105
. M
. SA
10O
108
.106
High Points in Today's Financial News
,. inJfwnV issues weic under pressure during half-dan session on New
flpitrc it lias recorded in many years. Haiti retarded business on Curb.
preign exchange was dull. Corn and cotton were hiahcr. Secretary
Fo
McAcloo advised reserve bunks of a new offering of a limited amount of
4 per cent Treasury certificates of indebtedness at par and accurcd interest,
liar silver unchanged in New York and London.
.ni:v yoriic. Oct. 24.
, The most Important feature of the trading In the whorl day, curtailed liy
the Liberty Loan obervnnce, was the pronounced piessinc against rnltwify
Issues, which cnnled I'nltm Pacific down 2 points more, mailing that stock sett
below 118 foi tho first time In man jearr. Tills selling mocment canio to a
Krent extent thrmiKh lirokern often IkukJIImr the accounts of hear plunRers, untl
they claimed that Its incentlte was found In the statement of cuinlnpi for tho
month of September by fnlon Pacllle, published jestetday. showlriK a loss In
net Income cf more than $800,000 for that month. This fallltiK ort In ieenuo
Is In lino v.lth the statements that had been Issued b many of the railway sys
tems In the last three months
Other lepoits for the month of September will be Issued dally until about
November 1, ..-lien the New York Central, Pennsylvania and Krlc flfjures will
be m me public.
The decline In Union Pacllle was followed bj substantial los&es in other
railway stocks, Including Canadian Pacllle. St. Paul and IttadlnR. ,
Industrials moved In an Irregular manner, partly because of an absence of
important Interests In the Stieet In connection with tho Liberty Loan arrange
ments, which left many stocks without piotection. Ilaldwln Locomotive, which
had been the strongest feature in the preceding part of the week, after selling
at 02. dropped to CO, and losses of 1 point or mote were made In other steel Indus
trials, with Uctlileheni Steel "15" coveling most giound, trading in that stock
ranging from 84st to S2.
There was good bujlng of Atlantic Oulf and West Indies, holding that stock
strong in n gcnerall waveiing maikct, anil It made an advance In tho early
tiadlug of more than a point to 107. A little steadier tone was shown In the
list genciollv In tho Until dealings.
Tiio bond markei w.. quiet, with a stead tone in Liberty lionds Itallway
and other bonds wile neglected and the few transactions made were without Im
portant changes In prices
Reopening of Freight Rate Case
Wall stre't is gratified over the action taken by the Interstate Commerce
Commission In deciding to leopen the freight-rate case on November D. This
Is Interpieteil as evidence of Its sympath towaid the utllroads and appreciation
of their needs. The case of the carriers will rest on their showing for the nine
months to September 30, which will be the only complete figures available at the
time, although the CVtobet usults will be known in a rough way. The commis
sion obviously Is willing to giant the toads an increase in ft eight tates if it can
be proved that this is necessary. The lines in most urgent need of assistance
are those In eastern and northwestern teirltory. Uut it will go about the matter
dellbeiately and In no way be Influenced by what Its critics havo to say.
Superior Steel has been me of the sensations of the war period. Unknown
nine months ago. so to speak, It was bt ought out on tho Curb carlj in tho
spring, where It developed a spectacular upwaid movement It lias since lost
much of tills gain, and Is now selling to leld about 13 per cent. There is every
leaion to believe tho C per cent dividend is secure.
Cainlngs for eight months vvete equal to nearly 20',s per cent after the war
ta.. and should show fully 30 per cent for the jear. The company is well supplied
with coil, Its lpqulrements for tho next eight years being conti acted for. The
labor situation is known to bo good.
Few Security Emissions Show Profit
Very few of the secuilt emissions of recent months show a. profit to those
who subscribed at the time of the offering. American Ice Is an instance in point.
Some months ago stockholders were given the privilege of subscribing to preferred
stock to the extent of 30 per cent of their holdings at $Cfi a share, this Including
a bonus of 40 per cent common. On the transaction stockholders now havo a
paper loss of about 20 per cent It is estimated that this jear the company will
show $3 a share for the common after allowing a full 6 per cent for tho
preferred stock.
Brooklyn Itapld Tiansit has succumbed to liquidating pressure. The dlvidcnu
Is not considered safe, nnd the stock has declined to the lowest level in jeais.
The margin over the dividend in tecent years has not been imposing, but whilo
enough may be earned to maintain the C per cent rate, the factor that Wall
street Is taking Into consideration is the difficulty the company no doubt will
experience next July, when its $57,000,000 of 3 per cent notes fall due. These
are now quoted to jield about 9 per cent, which does not suggest that the
financing of them will be other than a very expulsive undertaking. It Is not
impossible that tho bankers for the company will have something to say a? to
whether the dividend will be continued at the current late.
INACTIVE NEW YORK STOCKS
following are quotations for lnactho
New York stocks and In which there were
no ttansactlons today. Tho price given is
the last previous sala:
ill
. i
. ss
a
77t
l'J
a n s . r ctfa ioj
A II S & K cts pf Jill
A II 8 a P rref. 11?
Adams Express
Alliance Ilumelj
Ariv Itumelj pf
Alax llubber
Alaska Oold M
Allls fhalm rref
km lllri. & 1,
. il. f. T. nrf 11
All! run. w- . -- ',-.
Am Ice Hec lJi
Am Int Corp r,7H
Am I.lnseed pref J
Am Woolen pref t'Vj
Am Aer Chem JJH
Am Aar t'hem pf g
Am Heet Suaar 7'
Am He't Suaar Pf K
Amer Can pref 00'
Am Car Fy pfliis
Am Cotton Oil ?iv
Am Express
Am Ic pre!
Amer Mnlt .
Am Smeltinic .
Am Hmelt pref A
Am Smelt I
Amer Hieei ru
. Dm,., nref
a --"." UK
Am Wl "8b V
S TAT 3d of JSH
Am Tobacco .
Am Tob pref new
Am Writ Tap Pj.
Asso I a 1st pf.
AssoOll ...
Atl Blrm & Atl .
Ain rinlf nref .
Hald lcp.Prf
llll
4H
I.'iVi
87 U
'HV,
no
m
Hi
.10
r.j
niH
n
50 4
II (!
Ji
ion
nsH
. 84
I.onf? 11 rtfs pf 40
I.orlllarU P . sun
SI Ht 1 & SSM pf 117
Mackiy 75
Mackay Cos pref rto
Manhattan . ,.10T
Mannattun lleacli 1
Maxwell Motor .. 3 J
.Max Motor Sd pf SO
May Dept Store 50
May Kept Stra pf 101
Mex Petrol pref. HI
Mich Cent . . 110
Minn & Ht I. new IS
Mo Kan & T prtf ti'j
Mo Kan A Tex . r.Vj
Mont Power pref 10H
Morris & Kssex 3o'4
Mo ' L yi" nf 11H
M fit V & 8 S SI 13
Slont Power 74
Nat Biscuit nref 111
Nat Cloak A Suit lIS's
Nat Hnm U Stp pf 04
Nat Lead pref 100
N O Tex A Slex S-'
N Y O A W . SO'
M Kit Mex 1st pf 40
Nt It H Slex pref 40
Nt Hit Slex Sil Pf BO'i
N V C 4. St l 211
s' y Doci. . mi
V Y Air nra!o 121
Norf Poutu 21V
Norf k West lm,t
Norf A West pref 80
North Amer 4'
Nova Scotia Steel OH
Ohio Kuel 45
Ohio Gas rts 0J
Owens Hot tie .... 82
Pacino Mall . . . S5f?
Pan-Am Pet pref 00
i-an-Am ret prior
.105
. 71
1-.,
87
nref e(
P ' C A 8t i.
I'eo A Hast. .
Per Slarquetta
Phlla Co
Plerce.Arrow . .
Pierce'Arrow pref l)3'4
J'lllS IOII . .. -4tft
Pitts Coal nref. S3
Pressed 8teel Car 57Ts
OS
U0J1
7;
32.
llarrett Co pref
Harrcn .u
lleth Steel pref
llelh Steel rts .
Ilrkn Un Oas..
llroun Shoe ..
Hums Hros
liutterlck .
Cal Pet .....
Cal A Mo 1st pref 50
c.n, irrftr tin . Jt
Cent Leather pf 102 Keok A D !.. 4V4
"St 8 Am T.l . .1K.H Pressed 811 Car pf OR?!
Chandler Slotors 71 Quicksilver . 1
I hi sc Alton .. " oijiiii. ix iiiiw
Chi A Alton Pf. 2'4 Kcadlns 1st pref. SHi
w-t , t nf 1 IA
hi a at v .
Cluett-reab'dv pf,UJ
Gmnkv)t4 Sugar Unchanged
NKW YOWC, Oct J4 nflnett sugars
ar iM?)uuifcd. vita tho American, Na
tltal and PeiiRSylvanlA Companies nuot-
m , cafK T iSfW. sua me wur-
ri iitl Sl Iron
Col & Ho 1st pref
Col & South .
Col aTi prr
It r. I. P
Con Int Cal Mln
Con can pr
rnntIntntAl Inn
Corn rrod pref...
Cuba Am Suear.170
Cuba Am Bu Pf.l"?
...Ks fan Rllff nf Hi
Deere A Co pref. Wi
Del A liua . .
I) L A W
Den Ana .
Detrc" Kdison.
Dome Sllnes ..
Kleo 8tor Ht..
Erie Xd prst ..,
(lenersl Clear .
limn Hnr nref
rln Motors nref.. 7H
Ooodrlch 11 F , . 43
Ooodrlch II K Pf 1IHI ,
Oreene Can Cop. . 30
Oulf States Steel. ',.
Oulf B Htl 1st pf.P'V
Ilartman Corp . 83
Haskell A Darker nn
Havana Klec . lol
Iloniestake. Mln 107Vi
Int Asrlcul 12
Int llarv of K J.IIO
In JIar nl.NJ pf lllji
ihii
Headlnir Jit nref. H
I'ub 8erv Com US
St I, A S V in4
38V St I, A H Knref
tiavage Arms . hi
Saxon Motor . . a
St I. A B tv pref 30
So P Itlro S . . . .207
Seaboard A I,. lo'i
Sears.lioebiiek pf.121
Standard Mill.... 80
Standard Mill pf n
Stuts Slotor 4211
Kun Steel 37
Sup Steel 1st pf 100
Tenn Copper . 13
Texas Co rts . 10Vi
Tidewater Oil Jin
Tobacco Prod pf ISV4
Transue.vv'lms 39
"St I. AW.. . 7)1
T St I. A W ctfs H
T Bt I, 4 W of. SO
Ilnderwoorf Tvn.. fll
3rtV4 Underwd Typo pf.ns'i
H' Union Pae pref. 75V,
5V
. 4-!'4
HIS
.injM
.iIh
. B1H
UOs
.1U2',
H
.181..
7'i
New York Bond Sales
83,
117
'III
bV
Ml
87
h(l,
82
1)4
II3V.
105
1UII
fcnno Amer Asr deb 5s . tuw
1JVHI Aniflo-French 5s vil
lilillll Amer Porelgn bee 5s 115'.
n,,in , . Li ,. , ... ... ,,
-'"v .iur finieii N m iia. 811
,,'u.f oilier 1 el CIl 48
8J0UD Amer Tel 5s .
loo fl Amer Tel evt 4 a
liHln Armour Co 414a ..
18100 Atchison sen 4s . . .
10U0 Halt A Ohio 5s ..
1O00O do 4s . .
181100 do cv 4H
3000 Tan Govt 5s llUl
Soon Cent Leather 1st 6s
i"i ieni 1. n ; J &s
7000 do reit Ts
Oft 10 Chill Conner T
4000 Ches A Ohio cv 4Va
1000 Ches A Ohio conv ts
SiiiKi Chi A Alton 3Vis
11000 Chi 11 A Q Joint 4s
IIIIIOII dn reir 4
llSMI Ch SI 1 S l in 4s 21s 81
.UHii QO rill 418 .
lnnoii do c 4Ss 77.
IMMMI Ch I A p rfd 4s (17
1000 Civ Cln C A S I, 4'ja 84,
3000 Cltj of Paris s . 110V.
llll '0 Con Gas conv 0s loos
inooo Cuban-Am Suk-ar 0i liio'n
21000 Den A Hlo (J 4s (17'X
400O Det Edison 1st 5s40s 00
10 O KrlR r 4 ur A jn
lliino Prenrh Itenuljllc 5Vss 0'
's
Low
II3S
lij
05
811',
83',
II04
IMI
8'J
81'4
87
80
82
III
U'i'4
llll .
1011
1044 1114
74
su'i
3'il,
Il3'i
II1H
lono Gen Klec del, r.
ROOD Indiana Steel 3s
20(10 Inter!) U T ref Is
Uloil inter Slr .Mar i,s
iiooo Internl Paper Os
170(10 Japanese 4Vta
8000 Kan Clt Ter 1st 4s
8000 I,k Shore 4s lA.'S
330IOOO Mil llond vv I SVi .
loon Lyons Us
15000 SIo Kan A T 1st 4s
UOOii do 4 '4 a
1000 .Met W.wt nf Chi 5s
3H00O Mo Par sen 4s
7000 N Orl Tex A Stex Is
7000 N Y Cltv 4V, a 1000.
1000 N Y N II A II Os .
2000 N Y Itwy .'
flOOO N Y Tel sen 4V4
2000 N Y W C A II 4, s
2IOOO Nor Pac 4s ...
5000 Ore Short I, 4a
SHOO Penna cm ct 4V,s
4000 do en 4'is
Kioon Readlmr aen 4s
inoo Hep Ir A 8 5s.
S0(KI Ht LIMA 8a sen 5s
3000 St I, A 8 1' Ser A
1000 Seaboard A I. rdi 3s
00(10 South Par cv 4a
1000 do cv 5s .
10000 do rfd 4s
411(111 South Ilwy aen 4s
1000 do 5s .
3000 Texas Co Os
1000 Third Ave 4s
11100 V 8 llubber .Is
liooo V 8 Steel a P 5s
7000 Union Pap cv 4s
4000 dn rfd 4s.
8 inoo U K ol G II 1 I 5s
lOono do r.'-is 1018
linoo do r.ljs 1010
28000 do 5Wa ne 1010
17000 dn 5V, s 1021
1000 V nya 5s
5(ino West lectrlo 5s .
2000 Vt'est Shore 4 ut
08
84',
01
100
88'1
mi
88V,
09 82
SIC,
2-
30
KHti
r.ov,
3(1
08
84 'i
01',
41
84J,
81H
.'
10O
88K
07
04'i
50
47'.
M
, 114
, 84
02',
IIS
100 0IX,
p.nxL itm.
3',
80
30 Vi
03,
81
7J
77',
IIO'J
84,
OO'i
I011U
inn H
II7W
no
40
mi
8'l'
ON
84',
88 s
1011
88
80
MM'.
09.18
88',
"J',
30
88V,
50'i
3(1
118
"!'
Si",
41
84U
81S
II.'
100
88,
07
114 ,
58'
47'.
80S
04
84
02',
ni
NEW YORK STOCK SALES
1
lllsh
3
22t,
4!V4
07
24
50
oT.
02V4
sou
104
804
114
44 V
Alaska Juneau .
Allls Chalmers . .
Amer Cnn
Am Car & Kdy Co
Amer Linseed . , .
Am Locomotive .
do pref . . , .
Am Malt nref..
Amer Smelting .
lo pref . .
Am Sum Tob . .
Am nuAnr
Amer Tel & Tel
Am Wool
Am Zinc & Lead. 14
io pref . . . . 41
Anaconda nSM
Atchison .... osio
do pref , ot
Atlan Oulf & V I.107T
Ilaldwln Loco Co 0.1
liaitimore & Ohio
Ilatopllns Mining
lleUi Steel II. .
do pref t c .
Urookbn Hap Tr
Huttn Sz Sup Cop
Cnl Petroleum pf
Canadian Pacific.
Central Leather
Cerro de Pasco
f'hes & Ohio
Chic Ot West pref
Chi Mil i St P
do pref ...
Oilc ft Northwest
Chi H I & Pac t c
do C p c pref t e 40i
do 7 p c pref t c .18 V,
Chill Copper . .. 10
rhino Con Cop. . 43Vi
f'ol Oas 4 Llec
Consol Oas . .
Cont Can
Corn Products
Ciuclbie Steel
Cuba Cane Sug
Hel & Hudson.
Denver Ml O pf,
Distillers' Secur
Krlo . . .
do 1st pref . .
Oastcii-Wllllams
Iiw
3
2 J ',4.
40 V
07
24
an?,
DUN,
62
80
lot
80 V,
Close
3A
22
41V,
97
21
no
08U
02
80 V. 1
104
.10
Net
COS"
.i
V-
J M4
1
lO.ltf, 103V4 I03J, IVi
.17
1
MVi
00a,
38 V4
114
Il'h
14
41
0414
03
01
101
on
sor,
82",
00',.
821i
1 ',.
38V4
114
44U ..
14
41
03 u Vt
01 V4 '.4
01
107V, IT'
ooy, -"Ji
87 V
l',4
3',4 1
oo V4 Vv
53 Vj .-
I0',, ..
38 I
I40V4 147i HOVi V
75
32
80
23
47
00
loo
av.
..87
. . 05
. 30
00
. 31
,100
. 1.1
. 3D;
. to
271,
31
Hi
3ir
40')i
23
4.1'a
110
inn
21
40 "i
r.7
10
11
a.Ti
81
0471
20
01
30
ino
li
30
18
27 V,
34
.1
31
401, 1
23
40
00 I
100
2 Hi 04
40 14
.17
10
43 "4
33
87 1
014 "4
sn-ifc
00
3(1
inn
l.i 1
30
18-1,
27 '4
31
High Ixiw Cloa
Union Pacific . ..120 H7"i liH
United Clg Stores. 04 04 04
United rrtllt .. .121 123 12
United Ilwy Inv.. 7 7 IV
do pref 10 16 10
V ii Ind Alcohol.. 118 117 11H4
V H Steel 105 in4 loiy,
Utah Copper 70 70 10T4
Wabash pref A... 43 42 43
Wen Mursland . 1.104 18 1304
Westlngliouso Mfg 41 4004 4O04
Wilson Co . . . o no no
Willys-Overland . J2 2104 22
Net
che
1
1
V
04
1
-I-
Oi
1
-t- Oh
Tefal aides, 217.000 slmrrs, compared with
411,500 shares jctrnlro l. thus fur I hi" week.
1,481,100 sluirrst time iierlod last week, 1.8.2,
500 sliures,
i;-. dividend Wllbs Overland, " .
Oen niectrlcnl Co 137"'i 137 137
0214
.81V
.loot,
!;
. 01
ns4
niA
02',
08
81
02V,
81V,
inn v;
80V,
80
IIS'l
not,
111
08 H
03
112',
118
81
Close
IMS
)jv,
S'ti,
83'
no",
Jtl
8'J
8U
87",
Sill,
82
114
I'BH
103
Kill
104V,
74
SO
3BV,
DITi
111,
81
774
07
84".
no',
mo1,
lOlltJ
07',
!M1
40
80
...',
08
8l'i
01
1110
88
80
Hfal .
00.80
80',
0JV
30
88'i
504
30
08
84'i
U3H
41
84';
814
2
100
884
07
Il4't
58'
47'i
804
II t
84
12',
Ot
100 V.
024,
slT
ino,
804
80
n'.
nm,
1)5
08,
03
!''."
08
81
Ocn Motors
Ooodrlch. n r. .
Ot Northern pref
do Oro subs . .
Illinois Central .
Int Agrlcul pref.
inninratlon Co) .
Interb-Cons Cor
do pref ...
Int Mer Marine
do pref ...
Int Nickel . .
Kelly Springfield
Kennecott Copper
Lackawanna Steel 80
Lehigh Vallcv . 38
Llg & Mers T prf 101
Louis & Nash
Manhat 11..
Maxwell Mot
do 1st pref
Mex Petrol . .
Miami Con Cop
01
40
0!)
8
04
40
O804
18
01 '
411 3
00 04
28 "ft
101 101 101 "4
38 38 3S 1
4.1
7
to,
28
01
301,
4t8
3304
4104
Mldvalo 43T
44
20
0(1
30
44
32
80
58
101
118 117 118
101 101 101
32
0114
80
30
44
41
7 ..
40
27 '4 t- T
01 ( 2
30
44
31
! Sales in Philadelphia
Net
llljh. Low. Cltse rhae.
lOllnltlw Loco 01 Oli 0114 tt
20 Llec Storage 51 83 83
III' Co N A .. .. 23
Key Tel Co .. .. 11
10 Lake S Corp IS 11 1306 Yt
00 Leh Nav , 09 00 00
18 Lehigh Vol 60 60 80 04
310 Penna 11 It. M'4 8034 80
17 Pei.na Salt.. 03 02 02 ..
800 Phlla Llec . 27 2004 27 . ..
643 P It T tr cfs 20 20 20 ..
Phlla Trac. . 72
73 Heading 71 7.1 73 1
Ton Helmnnt . . . 1 . .
100 Ton Mining 5 6 5 ..
Un Traction 110, - -
31 I'll Oas Imp 74 74 74
2100 f S Steel 101 104 1O404
lOVve'thJ-e K. 41 41 41
21 lllvs.O,er.22 22 22
Id War Ir & MI 0 0 0
W Cramp .... . . 78
L'x dividend
tQuotatlou given Is jesterdaj's close
. J"tl snlen, 3709 linrr. compared with
00(11 share, .irxfcrilm t thus fur llils week, 20,471
Kliiiroi siinie period lint urck, .10,307 kliares.
80
.18
101
1
1
32
0.1
8004
31
4
27
48
30
2304
07
. 72"4
. 28
106
01
. 30
10,
48
30
23
07
101
41
17
18
7214
27
100
04
30
404
lOOi.
.18
30
2.1
-1O0S
32
on
fiO1,
31
4104 ..
27
48
30 . .
21
07
101
43 .
47
18 -1
7204
28
100
M.
04
Missouri Pac
do ctfs . .
Nat Acme
Nat Con Cable
Nat Hlscult .
Nat Cloak St pf in.!
Nat Lnaiucl & M 4.1
Nat Lead . 47
Nevada Con Cop. 18A
Now York Cent
N Y N II & H..
Norf el West
North Pacific . .
Ohio Gas
Ontario Sliver .
Penna It It 51
I'eo Oas & C 38
Pere Marq pf w I. 30
Pitts & West 2.1
do pref 57 T4
Pub Serv Cor N J.I13V4 113 113
Pullman Pal Car 138 138", 138", 1
Hy Steel Spring .41 41 41 0,
22 22 22-
74 7204 73 1
37 37 37
70 70 70 -4-
21 2004 20
0.1 '4
30 ..
40,
60 ',4
38 1
39 1
80
IIOM
... ,. , .. Mail, I.on. Close
1000 Lqult 111 Oas
Ss 101 101 103
2000 Inter Hs 4s 48 48 48
08000 Lib Honds . 09.80 00.00 00.80
6000 I'lin Co cons
1'fcs 1960.100
5100 I'lilln Life 4s
1st Bs 08
100(1 P H & v 4s 07
6000 Heading gen
4s . . .. 88
2000 Un Hjs t c Is 73
Net
chse.
1
.18
1011 100
97
07
S
73
08
07
8804
73
V,
Total snlrs, $107,700, compared with $410,050
venlerduli thus fur this week, $390,0501 snnte
period last week, f.j?0.700.
Local Bid and Asked
Hay Con Copper
Heading . .
do 2d pref . .'
Hep Iron (L Steel
Seab Air Line pf
nears Hoebuck . ,
Shattuck Ariz
Sloss-Sh Stl & I
Southern Pacific
Sinclair OH
Southern n It
do pref
Studebaker .
Tenn Cop & Chem
Texas & Pacific. .
Texas Company..
Third Avo It It .
Tobacco Prod. . .
Twin City H T..
15404 18404 1540,
!0, 2004 20?4
40
80
3.1
27
02
30
13
13
1451J
ID
65
70
10
88 Hi
3104
27 ..
02
30
1304 04
13
144 145
17 19 1
05 65 04
79 70 3
40
87
31
27
04
30
13
13
Amer Stores .
drill JO
Hurt A Susq to...
dn pref
llaldn In Loco
Klictric Storage, .
Gineral Asphalt . .
do pref . . .
Kev stone lei . . .
do t r
I.aK,. Sup Corp .
I.chluh Nav
lihiKh Val . ..
Penna. H H . .
PhlU i:iec
Phlla I'n . .
do 0 per cent pref
p n r t c . . . .
Itemllnir . .
lonnpih llelmont ..
Tonopah Mlnlnc ....
Union Traitlon .
r II I
IT S Steel
York It y ....
do prt f
Wm Cramp A Sons .
Today
Hid Ask
Yestetday
llld Ask
31
51
18
ill
62
17
17
11
02
114
US',
58
604
204
.Mo',
.11
sit'i
714
4
54
40',
7.1',
31
SO
57
50
1114
63
IS
'0
114
1.4
IT,
1,0
384
50',
Si
.IJ
.111
S(l
734
' 44
114
414
744
33
11
r,3
48
(114
514
17
58
It
OJ
J34
ill
511
50
S'l
.104
314
8(14
744
4
54
404
31
SO
57
50
112
6.1
18
60
114
04
1.14
1104
r.04
61
87
32
37
S4
744
44
64
414
.1044 1044
. 04 in
. 31 .11
78 80
1014 1014
04 JO
31 31
78 80
INACTIVE PII1LA. STOCKS
Following are quotation's for Inactive
tocks listed on the Philadelphia Stock Ex
change and In which there were no transac
tions today The price given la tho last
previous close.
Amer Gas
Am Gas War
Amer Stores
Alliance Ins .
Amer Mill
Amer Stores pref 02
iiriu j t . .
nurr a Susq t c
Huff A Susq pf .
Cam steel ... ,,
Cam Iron . . . .
Cons Trac N . . .
Gen Asphalt
Gen Asphalt pf.,
..100 Kejstone Tel pf
1 4 I.eh Val Tran .
334 Te-h Val Tr pf .
. . 804 Kit nros
vvi J. Hue ricnuyikiu
is Mlnehlll
!! PUT
60 rhlla Co cum pf. SO
68 Phla Co 30
110 I'n Cos of N J... 200
414 IV Jer A Sea ... 47
71 York llws . ... 11
18 York Rnja pre! . 35
58
04
274
41
S4'i
61
844
il
RAR SILVER
Yester- Last 1017
Todav daj IVed Hlah Low
New York (cents) 824 824 84', 10S1J 714
London (pence) . 414 414 434 51 3.1(t
The offices of this Company will be
kept open on Wednesday, Thurs
day and Friday evenings of this
week until nine o'clock for the sale
of Liberty Bonds to enable us to
serve those who cannot purchase
Bonds during the usual banking
hours.
The Real Estate Trust Co.
OF PHILADELPHIA
United Alloy Htl
unueu unit
414
17
Int Nickel pref.
Inter paper
31V
"23
ior
IS
nrefVH
lst Run A Tire
Int Paper pf sta.
iA,k Central
Iowa Cent pref
Kan City So
Kan City So
ljika l!rl. A W
lJt KrU A V pref
J ntd Drur 1st pf 60
Untd Drus 2d pf, 75
United Psn llrd . "ii
11 8 V I P a K of to
;; s s a n pf.! U
U 8 E, press 18
V 8 Realty Imp.. 1614
U 8 lleally 1m pf 50
V 8 llubber 60U
Utah Beo Corp 1st-
Va.Car Chem pf. pa
SIH
a1
Va-Car Chem
wens.
V, rma
West Md 2d pf
west rap i ,
Wheel A 1. K
Wheel Ike pref 2
lOVi
,? 4IU
i.,L..- r.-..' "" 7i
i.i.iie ioiors ., ,u
Willys-Over pref. 8Stt
Wilson Co pf.. .n.
Wis Central set
tV"'Trt,B, . ,iL
Total sales. .1.184,000, compared with $7.207..
000 ctrnH?l thus fr.r tl week, $10,277,004)1
same period la, l week, iz,iU3,uoo.
LOCAL JJINING STOCKS
TONOPAH STOCKS
Jim Puller
MacNamara .. .
Sfldway ,
Mlspah Extension ... . .. .....
Montana ...... ,,
Northern Star t
Rescue Kula . . . , .
West End
COLDFIELD STOCKS
Atlanta ,,
Illue Hull . ,.
Booth . . , . . '
Dtamondfleld II D .
Daisy , .
Kewanaa , .... ...
Oro ,.,i
SandstorrqKendatl
silver pick1.,,. .....,,,,.,...,.
MlSCBLLAJWOys
Hid
70
.2.1
.10
.00
.13
.00
.13
.08
Ask
.8t
.23
.13
.08
.18
,08
.17
.72
Arliona, Un
.OS .08
.01 . .03
.03 .04
.02 .03
.02 .04
.07 .08
.01 .02
.01 ,0$
tP A3
' N
f.-.'iflV'V$ - ..2
,TO HOLDERS OF THE
LIBERTY LOAN 3M. BONDS
FOR THE BENEFIT OF THE HOLDERS OF THE LIBERTY
LOAN THREE AND ONCHALF PER CENT. BONDS IN THE
THIRD FEDERAL RESERVE DISTRICT, WHO DESIRE TO 8UO.
SCRIBE TO THE FULLEST EXTENT TO THE NEW LIBERTY
LOAN FOUR PER CENT. BONDS, AND ARE UNABLE TO DO SO
WITHOUT LIQUIDATING THR THREE AND ONE-HALF PER
CENT. BONDS AT A LOSS, WE ARC PREPARED TO PUR.
CHA8E, ON OR BEFORE OCTOBER TWENTY.8EVENTH, THE
THREE AND ONE.HALF PER CENT. BONDS AT ONE HUN
DRED AND ACCRUED INTEREST, UP TO THREE MILLION
DOLLARS PAR VALUE, FROM, HOLDERS WHO WILL PLACE
THEIR SUBSCRIPTIONS FOR THE NEW FOUR PER CENT.
BONDS WITH US. DELIVERY OF BOTH ISSUE8 TO BE AS
OF NOVEMBER FIFTEENTH, OR AS SOON THEREAFTER A8
THE BONDS OF THE NEW ISSUE, ARE READY FOR DELIVERY.
MONTGOMERY & CO.
JIM Bonttt rourth Street
Plill.delpW
H Wall Btrett
New .TjntK
SHARE TRADING IS NEGLECTED WmSr
FINANCIAL DISTRICT HELPS BONdIaJ
Bankers and Brokers Lend Special Drive for New Vh
Loan Their Assistance and Market Is Quiet Tj-i
M
There wao very little buslnens. transacted
on the I'hlladelphla Stock exchange during
the half-diy sesilon today, virtually all the
attention of tho financial district being de
voted to tho special drive for the new
Liberty Loan, with few exceptions price
changes were small and uninteresting
Hapld Transit trust certificates., although
dnlt in lightly, were the most active dur
ing most of tho forenoon, with the price
holding steady at jesterdav's closing quota
tion of 2Sj. s
Following the trend In New York most
railroad shares Tvere inclined to sag, Lehigh
Valley losing nearly a point and Heading
MJ, vvhllo Pennsylvania was an exception,
advancing early nnd closing only a trifle
lower United Gas Improvement continued
to show Improvement and added a quarter
to It! price on a very small turnfver. Steel
common wan weak throughout tho forenoon
and at one time was as low as 104 '4, off
a point and a quarter.
Philadelphia Klcctrlc, Pennsylvania Salt
nnd Warwick Iron were unchanged The
CJov eminent 3 per cent Liberty Bonds
were traded In lightly, hut advanced a lit
tle tc 99.80.
Secretary McAdoo advised the Hesene
Hanks today of a new ofTeiing of a limited
nmount of 4 per cent Treasury Certificates
of Indebtedness, dated October 24 and ma
turing December IB, at par and accrued In
terest. The purpose of the offering Is to permit
banks, trust companies and other large sub
scribers to the second Liberty Loan to In
vest funds now In their hands "as a fur
ther means of avoiding concentration of
poments on bank subscriptions"
In miking tho offering no maximum or
minimum figures as to the total amount are
given Allotments will be made In the order
subscriptions are received
The certificates will be exempt as to prin
cipal and Interest from all taxation now
or hereafter Imposed by tho United States,
any State or any pcusesslons of tho United
States or by any local taxing authority
except "A" estate or Inheritance taxes and
"B" graduated additional Income taxes com
monly known as surtaxes and excess profits
and war profits taxes of Individuals, part
nerships, associations or corporations
Interest on amount of bonds and cer
tificates authorized In the act of Septem
ber 24, principal of which does not exceed
In tho aggregate $5000 owned by any In
dividual partnership, association or corpora-.
Hon will he exempt (rom taxes provided for
In clause I) above
Certificates of this series will be accepted
at par, with adjustment of accrued Interest
If tendered on November IB or before De
cember IB In pament on the subscription
price then paahle on any bonds of second
Liberty Loans subscribed for by and al
lotted to holders of the certificates.
The J. O Brill Company stockholders
win nold a special m.-n . H
to take action on th.nrnn K"ti
Wels. property VM?" taM
SST- wh,eh "rfW135
GOVEwmiw
""w.ai' HEPntfji
ThU daUu report (. .. -
Bureau of Market, ot ,'"' ' Hi
",vu' Hit ,f Hfto(l
fTvllAfa..!. -
-M-c.--o;;rfe,?,
i ruits ' ,
'"I'bBS, per bbl fin is
Jlvanla and V.iil?'43 '
srade, 2
l!
ion. p.r bi IBVlif .Sp&J'J, II U;
cnARAPPt Pa T ' "Hiataio, 11 Sit
(0 quarter .5?. !fVb H-kurt.,
meCIoAn::,TAv;h0,er?,.:. ., Csjow J
l2S5as 'i""Ito. New York. s,r .,:!'
7- 'wii I
fiSF3$S BShC Sftjrt!
JiR'Aciiilu . ' """ ' sal
?u,rter peew.i . '
W -Inch. iri"!, . J5U. . ImVrl.f 'St 41
-5 Vt'sh&m
C9 . .. -'"
peeks), firsts, 1007. ' rtr il"' ' etirh.
VnOETADLES
i
Qusfur eGJ?" wr.buili.l k, ?
1 75. '"" "Wl.75. Ilmi. JAV: 1
1IEETS. nearby, c.r i,..v -. J '"''.I
saK-'WAOB. New York. Ber"..?'
NEW YORK COFFEE MARKET
NKW YOUK, Oct 24. The fact that the
Coffee Exchange was to close at noon,
Liberty Loan Day. kept a large number of
traders away and tho market was a very
quiet Hffalr with no sales after the call
reported up to 11.20 o'clock. The cables
from Brazil were posted during (ho morn
ing and showed prices practically un
changed. The firmer tone noted on the call
was duo to a moderate demand for outside
account with a lack of selling pressure, most
of the Interest being centered In the late
positions.
P. R. R. Declares Quarterly Dividend
Directors of- tho Pennsylvania Railroad
Company today declared tho regular quar.
terly dividend of l' per cent It Is pay
able November 30 to stock of record No
vember 1
j.l
8Ans"y:.vyM'?!s!
2 503 ' " """' tM40eju,jri
lyijiwpn - ... '".at
heads), z so. a ,",n, "' bu (IiiiT
liTTUCE.SxdUliJ
nmnys .. . ,KI'T
ToWtmSY. 6rXn3BSS.lhW Ml
3juo. California, Australl.n'Wown'nVrJlTj
-.S'.-i" Si, "'.".VY.: Br
-.. . ,-- .'T-nwl. ilUVUC,
111 I
S-kush.l u,l11,
TOMATOES, nearby, per 4. bmh.iv t '
'dozen) 2150 "BUIM basktt 0.
PurATOKS, nearby, per 4 .h.k.i i t j"1
Sn.L?.""A i JOT scondTiSto'Mil,
i , Xf-. Vo7k. piTSi7i . W
Iffi pl5TXT&l?kPne.X.'?A ,J
SPINACH per H -bushel b.iiSt'f,
necks). 53 ft 0.1c ""nei basket ( eji,
i-Ki-i-iiKH noarby. per s -bushel v.A.. ..1
TUltNlPS nearby, per K.S!ili ,. ...'
Ultes and yellow a, 50fl3c. miik,!
VVATERCllESS New Torlc and P.., A
r bunch. Hi 2c na "nimtruk
whites and yellows, 508fl3r,
pe
SOLD AT AUCTION YESTEnDAT
ORANGES. Csllfornla, per box. smsli !,...
51 rU'2?4'33' medium ,i (T,.ll 'feS"
1B35.50. larite size (10-12 doten). IJaiii
O Ol'
111
APPI.KK, northwestern, per box (H-lll .J 1
Ji"Jl2o """W3--0. Orlraes- Ooii
. iiAi-ii,n, uaiuornia, per 24-pounil rrit. V
kaya, J1.05! 01, kaiaias I l!co 1 " '
' 1 J
CLOSING LIVE STOCK PRICES jri
h.'.V ..V ,V."V"V-"'ir'I"a.. nm,
planer than jeeterdsy's arersse Hulk,
uiksu: nam, imviikh,', m Urd. Ill MS
10 70: heavi. 114.65910 05: rouah. jljj
CATTLE Itrrelnis 2000 resd Rls. in
HHEUr necelpts 24.000 hesd, lOOMc'lowr:
112 7.1 I.ambs 117 75 ' , i
SOUTH OMAHA. Oct 24 HOCS-BtcfliM
2000 head Steady to strona '.!
CATT1.K uecelDls. 7700 head. StesSr U
BirnnR, ,
RUEnr nccelnta. 2200 head Studr U.
BlOW
14 CATTLE ftmkk
10 000 head Steady tn 10c hlshar. '
hlirher.
SHEEP Receipts,
tveak
KANSAS CITT. Oct
l 000 head Steady I
HOOS Receipts 0000
ner.
head mrooi to it .
i
000 head. Slow inl'J
Brown Brothers & Go.
i
rounxn and Chestnut Streets
PHILADELPHIA
Securities and Income
We fake charge of securities and collect incomes crediting
an account subject to check or remitting amounts
collected.
The Land Title and
Trust Company
x Broad & Chestnut Streets
Will keep its office open Wednesday, Thurs
day and Friday nights of this week until
9 o'Clock
to receive subscriptions to the
SECOND LIBERTY LOAN
i!
- :,
as ,
ZZZH3
A Husband May Inherit '
From His Wife
in the same manner that a wife 'may inherit
from her husband, under the new "Intestate Act
of 1917."
We have prepared, published and copy
righted an analysis of the act entitled "What
Wilt Become of My Estate?"
A copy will be given you on request. Write
or ask for it.
Trut Department
THE LAND TITLE & TRUST CO.
lit
,
j
it
"4
'wuJjSk., s
jfSi'.
Broad and Ckaitaut
WHs..lfcU '
ify
$ms...;
siaaa
T'-opa
sifrslls'iinpi'