4 rft
EVENING LEDGER-PHILADELPHIA, WEDNESDAY, OCTOBER 24, 1917
19
)SSIF OF .THE STREET
BONDS OF 2D
PAL
BEAT OLD INTERIM CERTIFICATES
(Actual Feel and Sight of
Coupons neiisneu iviury j,nan tne receipts lor
the Original 3Vn& Gossip of the Street
,
ftgJUCjNO of the Ubetty Loan campaign
mmittees icmnikeii Hint it it una uecn
EL tiling time In the present campaign,
i.eren ' "
t Hi45oK at 'hit no enici, noicnng up one
Mill coupons Buncueu 'ii'sin m iiim-rence in me encci prouueed liy handing
Ktne'o' tM!e to " mnn "l cxc"al""s for real cash as compared to handing him n
fVcumeot that lrolted more like a typewritten letter than It did anything else.
"Th1s bond looks line real money," he
Pf having them rcadv now will speak In the
The principal partner in a large downtown Investment house remarked yester-
s (hat the were doing n very lnrge business In buying and selling the 3J per
,t llbcrtv Bonus 'Of course, we alwan
ili 'and 1u xer case wo sell a good many
Whit 7inni- f!fnrlo
t , ., i.j wwi-.. ...-w...,
Tlie failure of copper stocks to lejpond
rJctntly Is attributed to the fact that these
Sen, wlio arc fBul)nB ," tnelr Income tax
Islrtew 'of the veo satisfactory figure at which
topper It wns expected that copper would be
'the upward trend but such hopes were doomed to disappointment. It Is wild
that the 'copper companies had ci poor ears In 1911, 1912 and 1913, the tin co
"jmh on which earnings nre to be based for the excess profits tax, and with such
I basis this tax will sweep awav any chance for extra dividends.
, one of the hest-known operators in coppers In this city said that only within
forebears have coppers become a recognized
(the holdings are locked nway securely In strong boxes, f'oppcr has been esscn
Viftlly what Is known as a rich man's stock, he said. It takes at least three ears,
iVten much longer, to develop a copper
Vhtre It Is known exactly how much copper Is In the mine to a ton, how much
cin Wproduced from It each year and It can be figured out to an exactness, not
centrally appreciated, what the mine can earn at the present fixed prlte, so the
lK)r of certain copper Rtocks can figure
, ll'l' -.LIaU 4b Vinnj, a t A t 1 j-tAIAitlnt'lAtia.,
llOnS 0 WIlll-u "' u.iar liicti i-.ULUianuiic
Gocthals and Aircraft Corporation
a .... . wtre fern .tl
V Trjtre has been consldcrahle speculation iecentl regnrdlng the condition of I laiiom iitr- roita. ivf , i' nMri.i
Bh "Wright Martin Airoraft Corporation. Immediately after the announcement .""pTs V12 30 ! nmMJ m" ' iririT'':
ttlit Qeneral floethals would take charge of the coiporatlon the stock went up . 8JIi.Hiio"if1f"rni extrn nrsts 112 mi per die!
ipW. to fall almost as rapidly. There were rumors that the H!spano-Sula nlr- Pf.kJ-""5- 'ncy selected cbs mr' jobbing; li'J
JUne motors had doveloped defects which
r'ef,ld ordeis from the French Government for 430 of these motors two jeats
ito. and on account of various disappointments have not a' set completed delUery
'"''n,,! II , mm1 etnrnrl thnt wllh tbo
ww, . ' .-" -. .. .... .. ...-
'i complete reorganlratlon which Is already
irnu(acturing a tjpe of motor, unt'er license from the French Government, which
11 tt efiual of nn motor In exlEtcncc, and
Ecj to French tieronaut'.cnl engineers. Is us
fjlbrotd. It Is e.pecteij that the company will complete the French contract bv the
jYnd of this month us they nre now turning out seven or eight motors a day.
( Tf,e corporation has lerelved an order
HO 150-horsepower motors and 4000 220'horcepower Hlspano-Sulza motors, but
u Iho plant will lenulre a thorough lendjustment to turn out the powerful 220-
rseBower motors, it is not expected they will get definitely started before Feb
! ifvtff or March
j'', jasl Ma the company reported a deficit ol $1,930,000. with inentor!cs about
Fthe same amount with cash on hand ftom sale of common stock $2,570,000, with
! Recounts pntnble and accounts iecehublo about balancing.
It is believed that under the direction of General Got thai aril with the profits
ftpm these Government contractH the company will eventually make a good nhowlng.
" " Third Liberty Loan May
H ,,); , , f .
Theie w 11 be very little new nnancing in me interval oetween tins f.econil
fj(lbert Loan nrd the third loan, which 1 expect will come out ln February," re
mi6d (i prominent banker je'sterday when asked If ho anticipated putting out
MfjlfJVlW Issues 01 If he hnd heard of any
There will, however, be some refinancing," he leniarKed. -especially or certain
TjVforelgn Issues which are maturing and
"Oit-December 1j " he continued, "there
ifatmdn-of which are held in this country. Tiii-ii uvuv m mat JlfiO.OOO.OOO Issue
2 7. ..... ,--, , rpi ....., ..-kit. 1- j ..
MBfltlsn 0 per cent Convertible bor.ns uue
tenty-ear ." per cent noncalmble tends,
nil nrent Britain gets back to borrowing
mj to to a premium of 112: so theve is
bonds will decide to take advantage of the convertible feature.
: "Business? What Is It Like?"
The principals of two large hanking
ttlit offlccs of the liberty Loan Committee.
"How's business?" one asked ot tho other
"Business'"' said tho other. ""Let me see. What Is it like?"
Arid then the conversation went on. and ln the course of It It was gathered that
tetther expected ve,ry much business after
r-tintll another Liberty Loan comes up and It
Then one hald to the other, "Louis, we
But there was not the least tone of tegret
5 look for his paitlcular committee.
' Liberty Bond
The Liberty Loan Committee of New
Matlve to application of Inpome ami excess profits taxes to 4 per cent Liberty
Bonds, which It tegards as the most important rulings jet issued:
1 Fnder income tax law as amended by war revenue act, interest paid
ulthin tho nr nn indebtedness Incurred for purchase of Liberty 4s may be
I deducted In computing net incomes subject to Income surtaxes and excess
1 Profits taxes. In cases of corporations this Is, of course, Fubject to limitations
'" imposed by income tax law on amount
be deducted.
2.' Investments In obligations of Fnlted States Liberty Ilonds of both Issues
rde bj a corporation or partnership from capital, surplus or undivided profits
fill be Included in invested capital for purpose of computing deduction and rate
of taxation under excess profits tax laws, but undivided profits earned during
taxable jears cannot be Included ln invested capital.
More Trint Companies for Federal Reserve
There were no reports of trust companies or State banks having actually
Pplled for membership In the Federal Reserve esterday. yet it is well known
'! the number nf intulries. both personal nnd by mill, for full particulars is
Sowing a gieat deal of the time of the Federal Reserve Uank officials In this city.
While none of these ofllclals will glve.oit any Information as to any particular
Unk or trust company which Is contemplating making application, mere is sumcient
Ku&slp coming from authentic sources that a number of Important announcements
long this lino mav be expected any da.
Rnilvnndft Fall Off in Aitnust Net Earnings
wfc' the Interstate Commerce Commission
r the Bureau of Statistics, civlnc tho financial Information on .'3,oiz mwes ot ran-
"A for the month of August. These figures cover all the roads In the country, and
now the net revenue for Aucust as approximately $8,000,000 less than August, 1916,
Mtwlthstandlng that there Is an apparent
!i The fleures show that the'eastem roads
,t Income nf m. v..r nrn; for the western roads the decrease is approximately
jJ-'.iOO.OOO. while for the southern roads the
Th rrn rvn,.. fr -ii ,he roads
Wi the figures of a, sear ago, S32C.9C0.719. show an Increase of about 13 per cent.
jP operating expenses tn the same period rose from J203.307.968 to J240.12S.383.
Increase of more tahn 20 per cent, leaving the net revenues of J118.926.915, about
.M.700,000 less than a jear tfgo. It is generally admitted mm w.c .1Bu. ... uo
'"0 by the lawyers representing the eastern roans on w... iu " .:u m...
'Suments befon the Interstate Commerce Commission In the 15 per cent Increase
caie, which Is to be heard shortly.
Liberty Bonds and the
U It dald that th. iTnlterl States Steel
. dividends in Liberty Donds. but had
Physical .iim.t.i i th. nv it
P0" must apply to all. As there are
"-"jings an the way from one to tens of
?a. ay. on a $100 share could not be
m nave to be devised..
'J Mid that the pmclals have xmder
J rtlftct MMMiiiiMbtf Ubtnty 'J2IZZ2lMtt'to
LIBERTY LOAN
Impressive Bonds and
port
k!o"
red.
esterday, n member of one of the
possible to hnnd out the actual bonds,
the result of the flrst campaign would
or the handsomely engraved 4s, with
continued, "and I am certain the wisdom
result "
sell 4s where we buy the 3s," he
more 4s than we take In 34s."
7nSl 4n J?notnrirl
, ,4.1 , ivmuiiiii
to the Improved market conditions
stocks nre largely held by wealthy
and nlso to the excess profits tax. In
the Administration IKcrt the price for
ntio of the first to feel the effect of
Philadelphia stock and thnt most of
mine. There nre ceitaln copper mines
out w.hat to expect If given the condl-
disqualified them The company had
mh'Ant it ftfnnrnl flnpthnls. whn 4ffMtpil
..-
giving better lesults, the company Is
that tho American-made motor, accord-
efficient as nny of the same typo tnailo
from the L'nlted States Government for
Come in February
large Issues that were likely to come out.
must he attended to.
is a big Issue of Argentine Gs maturing,
on reuruarj 1. in-y uir ramnuuie inui
and ,lf tlie war aoes not last too long
at 4 per cent, these paitlcul.tr bonds
11 possibility that many holders of these.
nnd investment houses mej esterday In
this I-ibeity I.o'm Is out ot tho way
Is out of the way nlso. .
arcboth In the wrong business toda
ns they shook hands and each started to
Possibilities
Kngland tends out the following rulings
of Indebtedness, interest on which may
has Just published the figures compiled
Increase of J3S.000.000 In gross revenues.
fell approximately 53,600.000 below the
decrease Is about J100.000.
IS Given, as J365.0C5.298, which, compared
U. S. Steel Dividends
Corrjoratlon had. considered the payment
virtually abandoned the plan on account of
i. Admitted a. dividend declared in Liberty
some 60,000 to 65.600 shareholders, with
thousands, oi , - - - -- -
paid In Liberty onu. " ""?
, . . , ,
consideration a plan of dec aring: dlvl-
1
LOCAL MARKETS-CURB
PHILADELPHIA
MARKETS
GRAIN' AND FLOUR
kMVJMlAiTTn5f1'"" lt5.41 bush Tha mar
SS5 uitf. "J"' uotattonsi far lota. ln.'
ivrn,.or . uoernmsnt standard insrjei
, " 1 red ii'L-i, No 1 noti reil 1J.2S,
t.,r'.1 '?-'tNo 2 "oft red, 12 2.!. No rf
ilv.i, ,No 1 ",,t "d. t- I' White vvhae rsla
Vn " .1m" . prlc- aa red. (Mlssd wheat 2c ort.i
Lou.rh, HJl?.l ,t") or ,oft n1 "sample" will m
lo ,,5' 1 n ,'hHr merits, but In no case at above
ic uniir No 4
llmtVlUN.,tJ'lt,t, S0M buh Suppllfj were
OMjti.r'"' ,h. market nulel nnd nominal
linn 'f,n' lf Joti for local trad, at to lora
V, ."nMrn No - w I.'l2tt.,l5, do.
I,,.. i,"JP'. nominal, do. Nn 4 ello, nom-
11WS S? s .'". nominal
1 1. hi vLT'J!0'1'"" I2.M liuah Offerlnaa 'r
m!A.. i?'1 ".T market ruled nrm. with demand
KanTi.Vr- JJaoltl"ni No 2 white, nUW-.
atandard white. II3 il.M,p, No. .1 white, at Vi W
'i.i0-,.4 ,'?n''.0i 3HWn4'4c
in ..J il " ,''eelpt ?u libla and 1IHI.1I0 lbs
,ff.-? " r.he market ruled firm under lliht
""JT .V.8," ."nd an actHe demand Quotation".
K ..1-",i."'; ln "o""1 Winter atralght, new,
I J.itfliir.n Kiinaai. clear, new lfoli3S
?i,,.r"'".' ..n.'w IliiTSWH 4ii ai.rlna-. nral
;lr' .W till! It J.V errlnir drat clear. nw,
mill hinment ilowui Vi nirliu: patent. ioi,
,-.-,"".l '.'' "P"n patent new mill ahlp
m,n.'. .'.".' iH I" eprlnir faorlte brands
. j---... u a noil rsn. 12 iu .-o rpu.
1 "mil; ,, pi, mine , hnlre anil fnliev nal-
'1' . ;" T'1"",1,- -' ci mills rpRiilar uradea
Vl- Slr"lRl" ll2Jfalo.V) patent lu ."ill
ii),1'' 'r'l'll ruled aiend under moderate
nrrerlncs ;,ui lrnrt wft, ,.,,, w, quote II' 7,"it
,i.,iml" "hlpmenti tl(.250IO 5n. apot. aa
10 qunllty
PROVISIONS
There a fair Jobhlne Inqulrv and the mar
Ret ruled Arm Quotations' Cll bei f In acta
ir. ninrkit rul.d nrm with a talr lobbinir de
njanil Qifitntlons follow City beef In eela,
nioked and air dried 33c. weatern beef. In aeta
IS?, ,' 3,,-i ""y beet, nnticklea and tenB'M
smoked nnii nlr-drled 3tc, western beef
Kmirklea Hnd tendera amoxed, tic bel hama
iJL'i. ,.?lSt- !ft.rn,ll fStWM. bama S r cured,
inoae 2.', ft 2S1), c do aklnned. looee 2I27'4iC.
do do amnked 28fl2Si,r. other hama amnked
cu cured na to hrand and aterate 24 1I2I), c,
1 im. "mokeil weatern cured 2SVj f J'lU c. ,ln
inlW ,bnr'l''' " P'cnfc shoulders P
cured loose 'Jlc do smoke. 2V bellies In
... 1 "rrordlli 10 nerair li kp, XI' brcnlt
i","' "" to brand nnd axcraice clu cured
,,.,JL''nkf.1",. ''.icon western cured 4nc. lard.
Sri- tn r'nned. tlercea 2lic. do do do tuba
s!K , J,ur' ,rll.. kett.e rendered In tlercea
-Jc do pme cltj. kettle rendered. In tubs, 20c
REFINED SUGARS
..7ih.'.marK,t r"1"1 I'm on a basis of 8.31c for
etra lino granulated.
DAIRY PRODUCTS
.ii'i!:l:sU Th" market was quiet and barely
(W.. , "uotatlona New York, full-cream
.1 . ? I'"!- -'"" l,n ''" fr,,"h inaJ" best 24c.
I .,r.h0,le -''52J.c do do fair to cood,
'a 12 Ic
ket'1 7lMl;i""i;0f,,'rlnf". w'r" "h' "'id the mar
.. -- ,v tiisiiirr uuniHiuni x trti
l!(i(s-
llmiteii orferliiKs f fim eggs
POULTRY
.' ' "nurr .""I11 liberal orferlnes I'rb ea of
a i.,n. l. '? '" Follow Init nre the quo
tations Kowls us to llllllll j.iw.i ......
ir lHfltlic.
sprlne rhlcKms not l,nhorns
V?r S'A,Lr &"!''' Pis'""!., ...Id.
iiiitxiliiJii ei- u unB ptr pan .'uirfK
mnn.i ..,ni . r1 niarkct was stendj wltn .1
mand iciuul to the moderate olltrliiga of di
J!, ".k Uuotatlon. were !,s follow.
V ..i..,i -..,! L?x mllk-fod. drj plckod fun.
ellilfd 2Uc uo. we gnin 4't lbs Hldeie
welsnln a'j Iba apiece, 2"c do welahlni .1
,H. "'",' WW.-rtc. fowl's ked In bbl. .&
dr puked, wclihlng 4 lbs apiece, slisiu.,
VS. if .1 '" 2ilc, old roosters dr-nlrkd
-Jc. broilers welshing IS VS lbs u piJc? J r
aej. fanci. S'ltlJ.lc Virginia fancj, ,lcTf:l.1c
r.i1",ri,, i -"'tf'TK wr lb western 2nW.iic,
misting hlckons western wilghtng I lbs and
I'n:rt.tt"'r," Jr',H-U' ."-hlckena western, welsl.
Ins X? U apiece 215jj(, do, wo ghlnir 2M
.Ubs npleco. J.-c turkevs fresh-killed. Si. "
lb nearby ,lui3Sc western lest 3li3Jc,
i,"'SJn' "nrlnir Iced. nj.s-.c tnrkes common,
i T' "nrlnK ducks. Long Island 28c, l'enn-
.a,,.n nn.. ,,i.-iuw rt -'.citjic ffulnens,
sprlne. weuninc 3V4 4i lbs per imlr 111.".,
small'ir slza II fl 1 US. a.uaba. white wc BhlnK
ii.'lh.- !'" Jwr d?? ..I1!!!-"'! Jo we.Khlllk- li
Id Ins per do? ", 2.1,1 T.1, do wuchlnx H II.
Kr-,'!!J? M IW1, Uo welBhlnir 7 lbs per do .
.! ..ujf T do wol-nlnrr tiim. lbs per du. ,
nd Vll .'wJ.'S.' ,,C:'5-,:'" '" "m-"1
FRESH FKUITS
I'mcv applet were In fair dentin,! awl values
with well sustained .'untnloupee ruled ii
shade firmer under sarltv other fruits wero
In fair reauest nnri ncnerall steadv Ouotn-'.-J".
. APl,','s New York, per bbl Jonathan
S.iSi;, ,0 Mnir 1 tin Twenty-, un.e J4W
I. Weilthj jr Hublurdston nor. Onen
Im. Lijeft 21 Iiucluas J3W4 r.ii llaldwln
J.!51',' ,trb JSUdi Apples lVnnHhanli and
lrglnla, per bbl Alexander IIUS, Home
Iteauts It r.ofir. nil. iStasincn VVIneaap, ll
'? ' ' lrncV Oolden r,J7 Northwest llreen
Ine. SStin. Starke .1.- Oano 3W4 r.n York
Imperial IS 84 "5. Hen Uavis. I.t4, Hummer
lUmbo 12(100.1 Applea Western, per bor
lonathan II 7.1W2 7r., Winter llanana It 7.1
3 Apples nearby, per hamper rinclfll Vi
do. do imt , -bushel basket SIcOll 21 irab
apples ier t -bushel basket 17!ll&2 Quinces.
New York, per bbl tilitn Lemons per box
J .niiiii ilinanas per bunch, II inly" 7,1
Oranitea Oallfornla pir box I21110 IMne
apples Porto Itlco per crate 13 21117 Orapes,
New Yorl. per M.b' basket KlWtilc. do. do per
1.1-lb basket iM4i70t do ( nllfornia Tokay
per irate tl iff a do California Malacaa. per
crate. II Bl ,1 do. I'allfornla Muscatel per
crate l (rl in do Oallfornla rornbhon per
crate xt 71'.' 1 Prunes New York per
4-qt basket. 2nsnc l'lums Niw York per
4-qt. baket IUmeon 3.1V4DC Oreen Oag.
3nx4ne: plums rallfornlu tlroas per irate
tl r.OST 3i Cantaloupes Colorado, uer IW
crate White 1 Inds II 2.14ft HI Pe iches New
York per bushel basket, "fiClfll 2r. do do.
per H-H'.-qt hasket 3.1lHOc do California,
per box. oik ft It Peara Ncv York per bushel
basket llartlett. Il.r0(3t Seckel. I2iS1ii
pears New Y'ork. per bbl HartUtt 14 if."
Meckel IIIMK peara. California, liarlett per
box. 12173 Ml Cranberries Jersev . per irate,
1213. do. do. lr bbl, SIlUll
VEGETABLES
Potatoea were quiet nnd weak Other vege
tables were generally atesd Quotations
White potatoes. Jerse, per S -bushel basket
No. 1. 90cOll 10. No 2. ilOMSIU Whlto po
tatoes, Jersey, per 150-Ib. bag: glanta 14
White notatoes per bushel Pennsylvania.
fancy II 0.3 CM hf Neve York It 0t 73 New
Jersey, I130?l!3 Hvieet notatoes Eaatern
Hhore. per barrel No 1. I.1G3 73 No 2 2U
2 23 Hweet potatoes ,feiae, oer i -bushel
basket No t 7n83c. No 2, d.lWSdc f elerv
New lork per bunch 20W0c Lettuce. New
York per box G0ctl 30, Cucumbers New
York per bushel. It 2,2.1 1 aullflower Long
Island, per box 12 .'.(If 3 23 du New 1rk,
per box 12 2303 23 Watercress New York
per ino bunches II .1102 K.ggplant, Florida
per box, 12 7BW3 2,1. Cabbage, New York.
ier ton, !32$f3a. do Danish seed per ton
138040 Onions Jeuey. per hamper It .".nirj
Onions Orange Countv. New York, per hamper.
H..10&2 t)nlons. New York, Massachusetts
Ohio and Indiana per 100-lb bag No 1 13 73
B4 bit No 2, I.' SOOS 30 Onions California
per 100 lb bag H4 SO
COTTON PRICES RISE
TO NEW HIGH RECORDS
Nearly All Active Months Make
Substantial Gains Decem
ber Up 30 Points
NKW YOHK, Oct 24.
The cotton market became more active
during tho morning, owing to the absence.
of southern selling, the unfavorable vveatner,
covering by recent sellers for a reaction and
a Continued trade demand
Nearly all the active months made new
high ground for the Beaeon, December sell
ing up to the 28-cent level or 30 points
above last night's closing figures. October
touched 20.34c and January sold at 27.45c.
At the opening tho market was quiet, with
first prices unchanged to 9 points lower
October was offered at the opening, and
this took the edge off the rest of the list.
Wall street and commission houses sold,
and London and the trade were buyers In a
small way.
Later the market became stronger on
buying due to cold weather In the eastern
belt. It was evlder.t that the cold wave had
reached about all parts of the central and
western belts, and reports were received
here that In many places It marked the
end of the crop.
Cotton receipt at the ports for the day
are estimated at 48,000 bales, against
84,478 a week ago, and 47.228 bales a year
ago,
Itsisraaj s
cloaa. Ods
uTim! "I"rlnl brnnds of prima Jobhlng ot
"H
, w.v , ,uri
Il7u-.ll.n" !" J!2U((ilr Whlto IKhorns
lliUJ.ic ducks lek n. 2122c, do Indian
!'"""-' fi'c "Jo. sDrlnK Jaw 23c lurkejs
.28 1 PsBf?8 S't0 St.9. 8J.Vf
a 274B i?'ft SB 10 St M M J
r ii'S. U-V'i SfiX W'M irii
' "'l Ii. O'll lift 8'ai U'lV
; !? sS " :
OetoBtr .... ti
. , k,. . rA
iconics 1
aury
DOWNFALL OF RAIN
CUTS CURB TRADING
Liberty Loan Observance Also
Curtails Business Declines
Are Generally the Rule
Ni:V YOllK, Oct 21.
Uuslnesi on the t'urb was checked today
beciiuse of the henvj nnd continuous down
fall of rain, which In Itself prevented Bath
erins In IrndlnR proupH In that unheltered
market only half a doieti Isstiet shovvcif
any nrtlvll with btislncsa nt Iti nottrcc
curtald hecnuse of tho arrangement for
the, Liberty Loan observance In connection
with the request of President Wilson and
follow trier tho action taken bs the itovernors
of tho vnrlous organized kccurlty trading
bodies
There was little demand for stocks ex
cept that which vvns carried on the brokets'
books without cancellation-!, but the innn
ner In which prices, declined on the Btoi k
market brought In sellliiK orders nnd the
transactions tnailo were In most canes at
declines
Intor-t.tibe r'henilcnl held strontr, selling
at 3i. nnd there was a t-tendy tono shown
by a number of tho oil stocks A feature
of the small trading was the decline In
Smith Motor, which sold nt 1. making a
new low record
Wright-Martin was traded In to a small
extent, nailing at 8- to 8's. Aetna i:t
ploslves sold nt 5'i. Osage Petroleum was
traded In nt S'4. N'orthvvcst nt 8Gc and
Cmden at 8's
Mining Htocks were neglected, with only
a few sales, nmong which were Jerome
Verde at If,, (ireen Monster at Ii. fnlumet
and Jerome nt 1 ' anil Hire I.edgc at lnt
Mdnj stocks were offered nt concessions,
but without actual transactions being made.
IMirsTIIIAI.S
Vi 8 close
Hid Ask isalo)
70 83 81
.1 fi'A -Hi
.1 III
JK a
17 21
47 n;
7 8
7.1 7 7 7V
7.1 811
Si 31 Ki
7 II His
711 811
.1 ft "j t .1
.1 til
211 .111
S't 3
t
I Hi I "2
ill 711
,in .1.1
!!t, 'a 7
11.1 nn
.43 its
2V.I 3
18 32
III i
70 811
13
18
811 'Ml
8 . !
t'.i :
IIP., 17U
70 811
14 1 1
h "Si
:t'4 3Vh
lUll 2Vi 3"".
DU 3.1
; a, 1,
H',i 1'1 8i
1 2
Air IledULtion
Aetna Kxploslves . . . ,
Aniericnii-Urltlsh Mfg
American Marconi....
American Writ Taper.
Canadian Car Co
Can Car A. Kdy prcf...
charcoal Iron
Chevrolet Motors
damp
Curtlss Aeroplane
Cnrvven Tool
Carbon Steel
Hincrson l'hoiioKraih .
Federal Pj e ....
Ilenilee Mfg
Inter-I.ubt- Chemical
Kuthodlrm llronze pref
Lake Torp Boat
l.ohlgb Coal t.'nlcs
Lima Loco'
Hiaxlm Munitions .
M.trlln Arnit
New York Shipbuilding
Nor Amer I'ap Pulp
Otis lllevator
I'li'rK'ss Motor
1 oole Knglneerlng . . .
LiUden Truck . .
Scrlpps llooth . ...
S S Kresgc vv I
Standard Motors
Steel AHovb .
St Joseph Lead
Todd Shipbuilding .
Ti .angle Pllm
I'nltcd I'roflt Sharing
I" S Steamship
I'nlted MotorM
1'nlted Sugar .
World's Kllm
Wright-Martin Air .
Xlnc Concent
STM)ItI OIL STOCKS
Illinois 201 20K
Ohio . 3M 330
I'r.vlrle 1'lpi- . 'Mil 25.1
Stand Oil of California 'tio 23.1
Stand.OII of New Jersey. .140 848
Stand Oil of New York H 233
iMinrr.MMiNT on, stocks
3i7
Harnett Oil . lias . . . 'U l' l"i
Conden & Co .. . . MS. MV .
i:ik Ilasln r'H Hli
Federal Oil 3, 3 V4
Inter Petrol ili I '-
Houstun OU I 10
Merrill Oil 3i H.I 82 Vs
Midwest Hef 138 III) 130
Met I'etrul la I 11
Ohio Fuel II 1!
Oklahoma ltef 7 HU H
Osage Hominy H n, Kjf,
Hlce Oil Vi 531 5-:ii
S.ipulpa Itet IM4 1"
iiequoyah 7S, 1 I
Sinclair 13 17
Fnlted West Oil fl H t'
mimm: .stocks
Alaska Standard .1 1.1
At'anta . . . x M 8
Uld Ledge . . ! 14 1
IllBbee Copper (a ros). (, h
Butte Cop & Zinc. . H?, saj,
llUtte New York i I
Cnl fi. Jctnme l"m Mi Iti
'on Arizona iv, I'm li
Kinma Consolidated .... , ''
First National .... 2S 2t 2'j
Ooldfleld Merger .... 4 0
(Joldfleld Cons 33 Sil 3H
(Soldtleld Florence Hi 1.1
Goldfleld Kevvanas 7
Green Monster 9i
Hscla Mining; AT 0
Howe Sound .... 4 41. 4 v,
Independence, Lead 0 8 1
Jeromo Verde . I'd I f. Mi
Jumbo extension .... I 18 17
Magnate Copper "4 T T
McKlnley Darrnh s CO
Magma Copper 41 44
Mother Lode 33 35 33
Mines Co of Amer Hi li ..
Nevada Hills 10 1.1
Nevadv Wonder l?i 2
Nlplsslng ' 8. 8i
Ohio Copper r. 1 1 1
nay Hercules 3Vi 3V
Stewart V fi I
San Toy 10 12
Tonopah Kxtenslon lTa S
I'nlted Verde St St
West End Con 08 70 711
White Oaks 3
Whlto Caps 1 Vi 1 A
Yerlngton 10 18 17
IIOND8
nethlehem 6 07 08
Cosden Oil 6s 8? 80
Co'den & Co 6s ... 82 80
Cudahy 5s ... 01 07
Hrle Ss 04V4 0H
r.tisslan Govern B'.js... 60 03 Oi
do She 71 73
Southern Hallway 6s. .. 07V4 08
Sinclair Oil 6s 02
Todd Shipbuilding 6s . . 08?; loov
NEW YORK BUTTER AND EGGS
NEW YORK. Oct. 24. IIU-TTEII Receipt,
mm tubs Market firmer Firsts 4844c
seVqnds 41Vi 42V.C State , dalrv. 44c extra
44, 41c hfah scorlnir. 434 40c
KQQP Receipts 13 004 cases Market Irreg
ular. Quotations unchanged
BANK CLEARINGS
Hank clearlnas today compared with corre
spond.n. day last tweeara: ws
Phllad-lDhla 80 014.11111 1H4. 024.STS 133.029.783
Vew York .582.P.28.RHO 021.477,808 Bill 22" OMl
llirton 41 B7L443 84,fl17,671 32,405.033
TOO lATH FOR CLABSinr.VTION
MAllUIAOKS
ELTINO nAWLB Married Vsdneada.
Oct 24. at Church of Redeemer Hrn Mawr.
by the Rev Oeorge C. Carur. Dr ARTHUR
W V"lTINO. Major M It C, to HARRIETT
CORNINO IIAVVLE, daughter of late Crastus
CorntnCjJDt AJban;.NY
HEATHH
hdivcb At Pelham Court. Osrmantown.
Oct 34. AUELE HAMMETT.x wlf of Edmond
I Prince, and daughter of Martha I. Lane and
the late Frederick W. Hammett. Notice of
'"cALLENjlAt 8310 N. 16th at. Oct, 23.
JENNIE P , widow of Rt, II T, 0llen, Bel
stives and friends are Invited to services, Frt ,
l":SU a m . al, Oltytr H. llalr Hid.. 1820
Chestnut at Int at Ilsthlehtm, I'a. Please
ORAK -Oct 31. CATHERW8 W widow of
CoFrV.llu. DI Oraf. Mid 60 nittvts and
Irlspds arejovlt.d to .prlqs. Thur . 3 p. SB..
at Ish Ni Tawdall at. Int, private. ,
siRl)BN At 4;o Walnut at.- Opt. 24. 4T.
fSRhsr0. v-u-u '
QUOTATIONS
CORN PRICES RALLY
AFTER LOW START
Bearish View Taken of Refusal
to Perrriit, New Purchases of
November and December
CHICAGO. Oct. :i.
Tho corn'market rallied on coverings this
morning nfter a lower start, when a
binilsh view wns taken of the action of tho
dlrtrtor In tullng thnt no new purchases
of November nnd December corn would be
permitted, nlthough selling would hi" un
restricted below tho tlxed maximum pi Ice
of $1.28. Iluylng will bo allowed In later
months to and Including May, but not
beyond.
December was quoted at 1 IE ft 1.14; at
the opening, against Jl.lStj at tho end yes
terday nnd later sold nt II lC'i. May
opened at $1 10'i fil 037,, compared with
$1 lu', the final ipintatlon of yesterday,
and later moved tip to $1.101
Tho recelptH here today wero sixty-three
cars The market nt Liverpool was flint,
with export offets light. Planting of the
now crop In Argentina Is progressing rapid
ly with conditions favorable for an enlarged
area.
Oats wer featureless December opened
at 581, TS8'4,c. against 68jc nt the end
yesterday, nnd Inter rallied ",c May
started nt COff S9'c, compared with Gfi'sC
nt tho end entcrday, nnd later sold ic
abovo that price. The receipts hero totliy
were COO cars Tho market nt Liverpool
was easy 011 good arrival"
The leielpts of wheat nt Minneapolis and
Dululh todav wero G!M cars, against 669
cars last ear, nt Winnipeg, 810 cars,
ngalnst G4.1 cars; nt Chicago, 83 cars, com
paicd with 70 cars The market at Liver
pool was unchanged.
Lending futures ranged ns follows
Corn tnevv delivers) tes day a
Onn lllffh Low Close close
I)e . 1 J.VJ J til'. 1 4 l.lil', 1 IKS
.Ian . . 1 la 111 I 12. 1.ISS 1 12Vi
May t io's 5 it's 1 ou', i,ii, 1 nit,
Oats
tVec r,S, .IB'i, r.S t.18 .-.Hi
Mnv. ... uo
.aru
Oct ,
.Nov 24 1)1
Jan 21 3.1
lllis
Oct ... 27 2.1
JllM 21 llll
1'iirlt
Oct
jh ., Nn ll
liO's 0D' 'OO'j CO
121 PO
t21 nj
21.00
t:;:o
21 no
JI2 00
t.is 711
J21 .IT
t2t 27
21 27
2T nn
t2H 01
21 !',
21 0.1
21 711
21 33
3s HI S-, 4 it
Hid tAsltcd
irvnnnna!
MOXKY-LKNDINtt HATES
i; llillh Money on call opened at
1 per cent, high, 1. low, 3'; last, .t j .
closed nt 3 '5 , rullni? rnt 4 per cent
The time monej market todav vvns ex
tremely dull and Inactive because of the
half holiday on tho Now York Stock Kx
change Hates vvete not materially changed
from those prevailing on Tuesday, 60-day
mixed loans being iiuoted at CffDtj per
cent: 3 and 4 months r ' 4 iff 3 ' i and o nnd
6 months 62 per cent I.oans made on
nil Industrial collateral ranged from 4 to
j per cent higher than theso quotations
Tho ncceptancts inaiket was unusually
quiet, rates being from 3i to 3i per cent
on virtually all bills, including both rllgibles
and Inellglbles
rillLAItni.Plfl.V Call, S percent: time,
Ciii54 per cent Commercial paper, three
to four months, BirG4 per cent: six
inontliK, O'jJiS per cent
FOUEKJX EXCHAXGK
Ni:V YOIIK, Oct. 21 There was little
business In the foreign exchange market,
and about the only feature was a firm tone
In francs and Swiss. Guilders were down
'4 and lubles were slightly higher.
Quotations follow
Demand sterling 4 75 3-1C, cnhles
1 70 7-16, slxtv-day bills nominally 4 71'...
nlnetv-day bills 4.6i3.
Frnno checks f. 78, cables i.76'i.
Guilders checks 424, cnbles 43
Lire cheLka 7 85, cables 7 84
Swiss checks 4 JO, cables 4 57
Stockholm checks 3S'4, cables 381,,
Chrlstlanla checks 32, cables 32 'i
Copenhagen checks 32'i, cables 32'8
Huhlo checks 13a. cables 138i
Pesetas .hecks 23.35, cables 23 15
Young German Ends Life j
WILMINGTON, Del , Oct 21 - Hans I
Mvers, nineteen ears old, boarding with I
l,i nor. i.tit.aLii ni u ,, ,--i feiUllU flTCCl,
was found dead In bed with the gas utrued
on
Last Winter the
Pleck Moilerti
JV a y l'lpelesi
urnaca kept
h u n a r e tls of
homes warm
and comfortable
at less cost
and with less
trouble and
worlj than ever
liefpre This
Winter heat
oor home with
Ills wonderful
ly ImpJe, eco-
fllclent fur
nace Low in.
tlal cost Ilislly
and quickly in.
?tf , without
interfering with
preient system
N" coal gas no
dust no repair
no pipes tn
absorb heat,
Wr te for lliua.
trated booklet
SxcxZtKos.Ca.
MIIOH'ltOOMS
Plamblnr
it to DO N, jji,
Street
lleatlni
Water SuddIt
JlliJ
n- vsreo ot. a
;B - THE -jr
imKSH0ES
I I li Good looks plus good wear
I 1 1 II in this nut brown, genuine j!
i I jl Calfskin, real buck top,
1 lace shoe. As uiual, $6 III
I I which is mighty unusual, IJj
ill ll or ''' nn ' shoe! I
II o" ''itve at leust $-. hut I
li most times SI ur $1 un H
II shues bought here I
I 1336 South PENN SQUARE
III tip. t lt Hull. Nir VVIdrner lllg lljj'l
II boiitheiint Corner Ktli nnd Knrr ll
lllllill "" N ""' Sl nnl l,r"nrh I
1 ':..'- ,:V'
1 sKLy mX5&
SECURITIKS At auction
Tho follovf Ing securities were sold at auc
tion today by llarnes & Loflnnd'
STOCKS
100 ahrs Lehlsh Valley Itallroad Co par ...
1.10 MS
100hrs Wabash Itallroad Co. preferred
A 43U
2551 shrs Iloer Manufai luring Co. com-
mon, par MO 10o
100 ahrs Iloyer Manufaclurlnir Co. pre-
ferred, par 160
00 shra Coast and Lake Contractlna-
Co , Lot 15
80 shrs l'enns!vanla Wnrehnuslnir and
raf Deposit ro . par IHX) 10U
23 ahrs. Continental Kaultalile Trust Co..
par t.li) 87
2 ahrs lre Association of Philadel
phia , par toll 310
2 shrs Pennsylvania Aiademy of Kln
Arts, iMr tliin 30
IS shrs Last l'ennsyltanln Itallruad Co ,
par l.VI . . ... . fi,
S shrs Hank nf North Ainerli.t, par
lion . . 250
40 shrs Columbian Paper Co . llueha.
Vista, V'n , par t."u ")
JO shrs tlunnlltin Trust Co , Kansas
city, Mo . certificate nf deposit of
VV est Hnd Trust Co . .'11 per cent
paid In liquidation, pur 101 . Iit 13
100 shrs I'nlted Copper Co ponunon, par
lino Lot 11
20 ahrs Lelnhton Construction Co , par
lion Lot 11
20 shra. tllant Portland Cement Co. com
mon par 150 1ot 111
20O shrs Consolidated tttsninshlp Lines'
par 111)0 . .. .. .lot U
13 shra llorlndum Lstroctlon Co , par
MOO lot 11
tOfin shrs Associated Mima Co. of Mnn-
hattnn par II ... Lot II
1000 shrs Manhattan Amalgamated Oold
Minn I'd pur II . ... 1.01 i
2000 shrs Central Mining nnd Development
Co . par II Lot to
inoo shrs. Ohio Tnnopali Minim! Co , par
It Lot. It
23 ahrs American Hemolytic in , par
lloo Lot 121
21300 shrs Oold l'ark Mlnlnn Co.; par
It . .Lot 13
1504 shra LI Pnlmarltn Mining Co , rep
resented by stock trust certificate
nf t'nion Trust Co , of Philadel
phia par It lot 11
1000 shra Moknne nnd Montana Mining
nnd Milling- Co , par 11.. , lot 1
JOOOshrs Claru Colts (Idnhn Klondyke)
Hold Mlnlntt Co . par 11 ... lot 11
1O00 shrs I'lur.i 1'ollg (Idaho Klondyke)
Hold Vltnln? Co preferred tr, aa
ury atnik ... lot 11
200 shrs Tminp.ih Itt.nana Mining Co
par II lot II
300 shrs South Comsto, k Conaolldated
Vllnea Co par 11 lot II
lOr.Oshrs IM Palnmrlin Leustnit o par
II lot It
00 shrs Northwestern Metals V o (voting
trustee s re. elptst Lot II
1000 shrs Llano Oold Co par II lot II
ti.10 shrs Participation ertuieates of Ohio
Tonnpah Mlnlnc Co for Houth
Cornstoili I'onsolldited Mines Co ,
par II .tot 11
r.00 shra llullfrns steinwny Mining Co
of Nevada pni It . lot It
110 shrs Central Conl nnd Coke Co . nf
Pittsburgh 1 nmmon psr lloo lot Id
200 shrs stonelmtn Mlnltiu nnd Lenstntr
Cn treasurv sloik par 11 lot 11
100 shrs (Juei'ii HiBcnt i upp, r and Hold
Co par II In II
8 shrs Fastern Cahlll 'I . Iharnmnl. 1 o
prcfcrrid par lino 1 ot 1
I Perhaps Yon Have 1
I DriYem an Orphan Car J
There nre on American highways today
thousands of cars still running, while the fac
tories that produced them' have long since
passed into history cars for which parts can
not be furnished unless built to order or
obtained from like models.
Beware of the orphan car or the car that
is likely to become an orphan. Look nt the
factory organization, the service, the records
of performance and the hundred and one
other things that make or mar the pleasure of
ownership.
Make certain buy an Oldsmobile
backed by 20 years of uninterrupted guar
anteed service and satisfaction.
Prices Range from $1185 to $2850 F. O. B. Factory
Larson Oldsmobile Co., 231-33 N. Broad St.
Lotniit 4437 Karo 2140
i, -a- 3$flv l I We are rcadv to rru.itt zz.
-"7 ' . (mffitdkitt deliveries
i c. .. .- . rr
in' .i 'Wilki.ti. , ?
m
I'jSiffi,
w
m
t ftll
m
nm
..jtllMM
servative styles in clothes.
We show many attractive models, built on lines
adapted to men of mature years, and they are made, of
cloths adapted to their particular purpose. No matter
what your requirements may be, we are assured that we
have here just the garments suited to you individually.
Fall and Winter Suits in Correct
Models and Proper Fabrics
$15 to $50
' Overcoats $15 to $75
Jacob 'Reed's Sons
1424-1426 CHESTNUT STREET
mmmmmmmmmmmmmmmm
., . , h
8 ahra. Eastern Cahlll Telhannonlc Co,
.. Leomwon. par iluo , lot tl
800 shts tUwnlua liaiioon Hill illnin
C00 ahrs iu,vnln) Daisy Mining Co , par
, . 1 . tot II
300 ahrs OoiOnuld Klorenpe KxUnslon
.v.lninn to . par it lot 11
4 shta li-.ilral ,allon) , liatik imr
.. WH' .... 41SV4
.6 shrs. farmers and Jlecnanlcs' Na-
HonaijiunK par luo . , , 148T4
0 shrs, ivnn National uanki pan lino ilU.
J anra, CVmmonweaith lltle Insurance.
, . and 'Irust t.o t iir luo ,. 53Q
CO shra, Coiitinental-Luultable Trust Co.,
par ion .. . 8f
20 stirs Peoples I'rust Cai par 150 33
4 snra, i'vuns)ivania Co lor Inaur-
ancia un Lives and Orrtutlna An-
nultirsi pur 11011 700
10 shrs. l'ruvhient Llfo and Trust Co.j
V par lloo ,, 458
8 shra Provident Llfo and Trust Co.j '
par lino 455
ft shrs West Lnrt Trust Co,: par Ituu. lnv
4 sure Hie sso.latlon of l'nlladel-
pnla, par irnl ,r, , 310
100 shrs .Norm Pennsylvania Jt 11, Co.!
par 5D . , , 88
5 shrs American Academy of Music:
par I1U0 , 280
CO shrs American Mores Co. preferred!
par lloo . 8T
2., shis .Xuper-Olasa Co preferred) par
II0O ..... 11
4 shrs, l'hlladclphla llourse common . C'i
5 shrs 1'hlladelphln llourse preferred.. ll)'
21 shrs Philadelphia Life Insurance Co. 10'j
.. cure neai 1, state trust co preferred 100
20 shrs. Mutual Trust IVi.
HO
17'
20 shrs, Klllott-Heher Co common... .
HO.VDS
11000 National Propertlea Co, 4-0 per
rent American Hallways col
lateral Coupons January nnd
Jul t)ue 1114(1 , .
1000 North riprliialleld Water Co ,1 per
cent Klrst mortgage t'oupona
Jnnuarv nnd July Duo 11121
43U
Financial Briefs
TIib N'evv York Rubtreasury lost 1108,000
to the banks on Tuesday, making a caBh
net loss slnco Frldnj of $1,993,000.
Oross operatlnc revenues of the Brook
lyn Ilapld Transit Sstcm for the quarter
ended September 30, wero $8,180,338, against
17,719,324 during tho name period last year.
The gain Is HC1.0H Net Increased
1251,41 1. Oross Income was (3.31C 902, a
gain of $187,245, vvlth the surplus for ths
period lnorenslng $3n,71l
Septnnber operating revenues nf the
Chicago Telephone Company were $1.71i6,
930, nn Increase of $1.12,770 compared with
the same month laRt jenr. Operating ex
penses Increased $248,103, with net operat
ing revenues decreasing $115,331.
Total sales of the Pittsburgh Steel Com
pany for the fiscal vcar ended June 30
niTH $33 060.083, ngalnst $21848.030 the.
previous ear, or a gain of $11,218,047 Net
profits for tho jear Increased $3,247,3768,
with a gain ln surplus ot 12.302,376
GB4IH liHHt HUj ' I UHfltiRJ i HI! HHHtll UIHIlllIf tl Utl sEttlt 11 rtll EtI ! i 1 1U1I t 111 Ul m HT1 mil 1 1 Dll IU1EHI i un iniur
ke Older men
are just as Keen
for our (Mies
as theounjGr
Abundant provision
ig marie in our Fall
and Winter assort
ments for the man
who inclines toward
moderate and con
ilCtff
sl
(ii" ?
'h
v .' "
n BninaKfiT Mitv mibm bmsHM inifi m mi i m - r -
$r
"" T "TT "-:' T .,
o