EVESIN0 Llzm&R-VHlLAntilVHLA FBIDAY, OOtOBER 26, 1917
VHi J
FINANCIAL NEWS'NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATION
$.
!
,j
fe.t , ,
m
1
THE REASON WHY
WE ARE IN THIS WAR
IC BECAUSE WE COULD NOT
STAND. BY ANY LONGER AND
WATCH THE UNBRIDLED
MURBER, VIOLATION, AND
ENSLAVEMENT OF HELPLESS
MEN, WOMEN AND CHILDREN
BY PRUSSIA.
SUBSCRIBE TO-DAY
TO
THE 2ND LIBERTY LOAN
RCILLY. OROCK & COMPANY
REAR PLUNGERS-SEEK WEAK
SPOTS AND SOME STOCKS SUFFER
Gilt-Edged Investments Are Hit Especially Hard.
t General Electric and American Telephone
Much Lower Liberty 3Vs Active
...
War Tax
Analysis
For 'ndlvlduli
Part netilllpa nnd
Corporation
An expert intrrpre ation of the
tnrom Tix, the War
Income Tax md the
, War Excess Profits Tax
Thi anal) tin rovera the many
perplexing problems confronting
lliouc .object to taxation.
1 i I'r 1 1
nsin iuu s
The National City
CoiriDanv
71 Cheatnut St.. Philade.p'.nn
New Tort Cblc.ro s.n Knurl-?..
ItiWlllS Httlalitruh
High Points in Today's Financial News
Mean turned attention to trenl; ipottt on AVii York I'xehnnue unit some hit)
declined tieic molded. Aetna Uxploilics led tradlnu on the Curb. Grain and
cotton loucr Voiclgn exchnnue stcndll The Hp.Vroducli Col pot ation dcctnnd
a stock dividend. Sotvau Process Company dedaicd an extra dtiidend. liar sil
ler uas hltjhcr in Xcte York and London
New York Stock Sales
beaerai War '
Revenue Bill
We have prepared, in booklet
form, a summary of the Federal
War Revenue bill, including
tables of the Income Tax, how
lnrj exemptions anil amount
persons will be obliged to pay
th ttcvrrnmenr
The subject of execs profits
1j reviewed, with practical ex
umples showing how the amounts
are computed.
Ask for Booklet L-10
A. B. Leach & Co.
Incorporated
, 115 South Fourth Street
Before Purchasing Oil Securities
Investigate
BARNETTOIL&GASCO.
A t'UUIItTfR "MINI II
anil lllsTKIIIt'TOK
nd pan regular dividends nf 12 on
money Invested now
Active dally market
For General Information
E. H. CLARKE
MORTON K. AI.KXAMJtK
IRrsldent Partner!
rhone 1140 Snruir
Stork Hliliuuce II. de. I'lilla., I'm.
!7 U III urn St. New lnrk
Newlirk Chlv.ieo lndUnapnlls
THE
HAVILANDARMSTRONG
COMPANY
STO C KS M,a WALNUT ST.
PHILADELPHIA
BONDS NEW YORK-BOSTON
INTERSTATE
OIL & REFIHING COMPANY
33 PRODUCING WELLS
REGULAR QUARTERLY DIVI0EK8S
IIITMfrlATiaM UPON REQUEST
The Farmers & Mechanics
National Bank will remain
open Friday evening and
Saturday afternoon to re
ceive subscriptions for the
Liberty Loan.
DIVIDENDS
lllti LKllltill tOl. AND NAVICJVriO.S CO.
fuliadelp.iik, (Kl, .'!, 1U17
, Dividend No. 150.
The noard of Manaaars this day declared a
auarterly dividend of turn per rent fil.oo per
hare) on the capital stork of the tompany.
payani varniirrr di JU.J, lo BOCKnol1-ta MR
VI,
reaiate(rd
!J.S, ,f.!,ll,J..""? .3
o'rlixk p. in. Oft"1!'' 31, 1017 Ch.rks wiii i
nulled to stockholder! vrno nave filed perma
nent dividend onlen. .,
HENRY II TKASB.
, Secretary.
HtVMvLI.N .NAUO.NAL ILUMi
' Ibc.tnut HI. tir.t of llroaii
I'ulladrlpula. LM 22, lyjT
Tha Dlreetura hv tbla day urcUrtil a aeml
annual dlyldiid o ten tier rent iik) rree vt
l. payabla Nmember I. 1011, tu tockn.ildra
f recent at tbe eloae of tmaliicaa October Jl.
"bccka will be mailed.
J- WJI IMRDT.
. .. faahler
TlllKD NATIONAL, 11.VNK
W I'auaaeipiua, uciooer SA 1U1T
, " -w. rlrlArM have th'a day iWIbpw! u . ' .
x wnuruiYW-iwl t MX B) vn KNT. lr
J , iyablsirrmber I. 1017. to atockhold
iMm nf twnnl October Xt 1D17.
1 , Oieek will pa nwlled. ..
, 1 "ihr
TMK tllKAKD NATIONAL IUK
Fnlladelpuia uvuiber Jd lull
1W Wrretora bavp tbla day ib-tlarrd it cllvl
iea 4jm per reut (K). payable Noicuiber
Il. MMV V W?thoi(Jer of record at the eioae
mSm OctolMHT-K Cbecka will 1e mailed.
f -, vaaawr.
NHU YOIIK, Oct 20.
either rightfully or uroncfully tho benr phuiKcis that have for po limn been
OKKiei,ie In louerlnR Milites on the Stock i:chntiKc hac nstiumeil Mint the
completion of the subscription for the new Liberty Loan 1ms left the market
without the Incenthc for support from banking Inte-cxti which was brought In
a couple of weeks nco when prices bail sustnlned Hiilmtantl.il losses thioiiRh
continual be.fr drives. Totlny tbep liear pluugcis devoted n Rood deal of atten
tion to picking out wnk spots nnd whole they found an absence of buying
orders concentrated selling ut once nppearcd, caualiiK Hlinrp ilccItncH.
This was the case epoclnll In Rllt-ediscd lneitment Ihsucs. Cicncial Elec
tric belns offcted down d points to 131 '4, and AmerU.au Telephone was selected
as another object for btar attack nnd was offend down more than t point to
1124.
The hellliiK was to tin extent a seqnencc of the success which attended bear
effoits against the high-priced railroads. Including Canadian Pacillc, t'nlon Pa
cific and St. Paul Liquidation was forced In some stocks and there was an ub
senee of les'stnnre gener.ill to bear efforts.
A feature of the trading was the decline In Atlantic, Clulf and West Indies
from 105V& to lOOH United States Steel common was traded In on a largo scale,
selling as high as 10."il,. a gain of n point, but later rencttd to below 104. llothle
heni Steel ' U" moveJ In the same wnj. and the minor steel Industrials, after
good gains, ended the day with net losses
The most Important featutc of the bond crowd was the triitllri; In Liberty
Tjs. which weie de tit In on an enoimous scale, many blocks of moie than
$100,000 changing bands at pi ices langlng from 90 SS to 89 94.
Liberty Loan Drive Engrosses Traders
Prominent traders in the stock maiket appear to pay no attention to any
thing ele but the Lll ert P.ond campaign flood Judges who hao followed
events closelv the last two weeks feel the tn.uket mnj get a new lease on life
v.ith tho coming week, nnd while optimism n lesarda pi Ice fluctuations is not
overabundant, there are few adverse rem irks heat it as to tho posslblo fend.
It iH realized that there are a great inan important factors et to lie
nnalvzcd Lefore tilings can run along smoothly, but little fear Is- shown that
trteic will be a repetition of hvsterieal selling characteristic of the markets
during tho last month Of course, what manj traders are looking forward to at
present is tho Steel meeting ne.t Tuesdaj Tho consensus of opinion is the
usual dividends will be declared.
in Industrial iiunitcrs much Intel est vvas shown in the P. V. Ooodrlch Com
panv's nolo sale The syndicate of bankers which took the J15.000.00O two-jeir
6 per cent notes has seven lenewnl privilege! of three months each. The notes
aro to bo issued In serial form so that they maj be made dljcountnblo bv banks
holding them at tho I-tdeial Heserve Hank,
This Is the first time that any corporation lias financed In this manner, to
take advantage of the provisions of the Federal Iteserve act It Is understood
that the proceeds of the sale have already been paid to the company and will
provide it with suflicient funds to take up nearly atl of Its Moating debt. It was
stated today that the company has about $30,000 000 In liquid nst.ets. with a
floating debt of approvlmately $10,000,000. It Is realized in financial clrcb-s that
because of the largo business carried on by the company it has been necessary
for the Goodrich concern to nnlntnln rather liige Inventories of raw materials,
etc, which lias involved the emplovment of a greitei amount of woiklng capital
than vvoufl ordinarily be necessarj. So the company had to strengthen its
financial and working position.
Railway Equipment in Poor Shape t
Those wio have followed the rnllioad situation closelv know that, tho rail
vvaj equipment of the countrj will enter the coming winter In poorer physical
condition than at anv time on record This situation is easj to understand when
It Is taken into account that owing to the constantly lncreailng demand on the
carriers It has beeji impossible for tho large s stems to lay up engines for
repairs and ovcrhaull? g duiing either tho sprlns or fall periods, and Uieir
cfllclencj, therefore, has been greatlv lessened.
This" condition maj be applied to almost everj railroad in the United States.
There has been a. great deal of rough handling of freight cars, too, on tho part
of partially ineper!enccd men. Many.of the old hands have left their situations,
being attracted to the munition factories bcauso of the higher wages, nnd
consequently railroad ofllciala have found It necessary to take on nil kinds of
unskilled labor, which has operated against the maintenance of a smooth-vvoik.nr
svstem.
In connection with the railroad situation it mav be said that a good deal of
nervousness still eIsts among stockholders of many ronds. The action of
Canad'an Pacific and Ui0hu Pacific at'lhis time Is one of the foremost disturbing
elements in tho market, particularl ai the former is now selling within a few
points of the low of 1913 and the latter lower than since the panic when the
world war stt ted In 1914. While Canadian Pacific has been telling out of line with
others of Its class, pait of the selling undoubtedlv lias been due to liquidation bv
German Interests Inspired by the provisions of the "enemj- tiadlng" act, wherein
all of tho propertj held here bv unfriendly aliens must be reported and placed
dlrectlj under the control of the Government
Money-lending hates
M.W tOltK Money on call opened at 4
?.er cent. lilBb. . 1" a1 . last, 4 . closed
at 4 Ruling rate, 4 nr cent
Good inKed loans are nominal at S5'i
per cent for sixty ilavs, GUi5'4 per cent
foi ninety ilavs to four mouths, and 5'- per
tent trading rate for five and six months
Virtually similar figures tilled all Indus
trials for the longer periods although no
Important transactions have taken place un
der 5 Ms per cent
Prime hank acceptances are unchanged
ind dull at 504 per cent In Inellglbles nnd
3st 0 3'4 per cent on ellgiblcs
rilll.li:i.rill. Call, 5 percent, time.
5J5?i per cent. Commercial paper, three
to four months, 5iW5Vi per cent, six
months, 5 Vi 5 per cent.
FOHEIGN EXCHANGE
Ni:W YOUK. Oct 20 Tha foreign ex
change market on a limited volume of busi
ness showed general fcteadlness In the early
dealings today French exchange Improved
nnd in other directions Thursday's final
figures were held There vvaa little of In
terest otherwise
Quotations-
Demand fcterling 4.75-T., cables 4 76,,
fclxt-dny blll3 nominally 4 71's. ninety-day
bllli 4.09 14
Franc cables 5 75,4. checks 5 7G'i.
Lire cables 7 81, checks 7 82
Swiss cables 4 51, checks 4 53
Guilder cables 43 , checks 43i
Pesetas cables 23 40, checks 23,30
Itublo cables 134, checks 13 Vi
Stockholm cables 38 4. checks 38'i
Chrlstlanla cables 32Va, cheeks 32'i.
Copenhagen cables 3.2 . checks 32'i.
BANK CLEARINGS
Hank clearlnga today compared with corre
.pondln, day la.ttwo year-
Philadelphia Bn,IJIS.31tl HVJIS .'t 13", 74J.742
ilolloli . . 41 "38 3U.57ll.487 31 1)1)11 UOS
Ntw York 3ilJ.U14.iil4 .'.!7.1!U.BI11 4d.SUS.U(17
CLOSING LIVE STOCK PRICES
CHICAGO. Oct. 20 JICK1S Receipt!. 13 000
head tatlmated tomorrow 1U.U0U head. Market
teadV Uulk. U4K3l.4t), Halt, 111 MB
til 4 mid l!4 H.1W1H IU. heavy. 114 UU0
111H.V roush. U4nO14K1
CATTLE Ilecelpta, buoo head Market weak.
117 v
SlIHEr Ilerelpta 0000 head Market ateady,
f IJ 73. Lamba, 17,7."1.
SOUTH OMAHA. Oct 20. HOCJS Receipt!,
lfim head Market 10c hlsher.
CATTLE Ilecelpta 3100 head. Market alow
HHKKP Receipt!. 7SOO head Feeder! ateady,
killer! !teady to atronaer
KANSAS CITY Oct 211 CATTLK Receipt!.
20OO head Market itead
IIOOS Rerelpti. 4000 bead Market ateady.
tUIKEl' Receipt! 2O00 head. Market iteady.
INACTIVE NEW YORK STOCKS
Following are quotations for Inactive
Xevv York stocks and In wl.lch there wero
no tiansactlons tod ty. The price given Is
the last previous sale-
A II S A r rtfn JKJ
A It S A K cts Pf ll't
A II H It V pref. lift
Adann Exprem til
Advnnre Itumely. 1;
Adv Humely pf . -
Alax Rubber II J
Able chain, t' 77;
Am Hide 4 L . 2V"
Am Hide A I. pref .i
Am lie Sec . 11
Am Aur ('hem J; ''
Am Aer Chem rf lis
Mn llet Hutrar PI ST
Amer Can pref '
Am Car Id pf l's
Am Cotton Oil .1-"
Am KxpriM ''
Ic. nrel 4 s
Am Leather pref US'i
Amer .iiau
A
A
Lorlllard i 20S
M St I' t hSM pf 117
Matkay 73
viaikny Cos nref 60
lannattan beach t
Vanhat El imt
Mixuell Motor JJ
iax Motor .'d pr ,n
Max Motor lt pf l!l
Vlay l)et htra pf 101
J t t'etrnl pref in
Mich Cent J11
Minn & it I, new IJ
Mo Kan & Tex -,
;'" !j"i & l pref iiVi
Mo Pac pref n
JjurrjK H hsex SilVi
J'0" '" - Lx nf utt
Ol ,- OE ,T C Jl U
Mont Tower 74
i m.
. cii .Mont l'oer nref 107
m bmeiiinii o. . N.Rt i,llItul, Dr . ...
Ill J-niell lie. lSi Nt lti.cult lift.
m ymeii ii ;' Nat Cloak t Hun i. u
Am smtii pre' ;;; Mnt ciit t st Vr inni
Am JLl i eanie -t'l
Am I i ou u, '-.-. v,-;,-. 'J-' ""
lhl J' lex &. Jlex jl
N Jl
Nt H It Mv nrat An
S'l'll lcx i.t pf V)!i
"v i Docl. 1,14
N Y Air Ilrake 1J1
Norf nutn ;H,
...,. iif prei hj
North Amer 4uu
??P,va.H";"a hll "S
Ohio I uel ... 4
Ohio (laa rtm n.
U'j4 OKena Hottla .'..' n2
1 , rac Mail , ,ii
GOVERNMENT BONDS
Sa realiterrd 1030 .,
2! roupon, 1080 , ,,,
3i, reclitered. 1018 ...i.
4!
Hat rnunon ID
janMir.4 !' ru(t?rei, 10M
Panama :.' rrtTltred. ll1ft
I'Anama. rtrjuattrea. iwoi
coupon
real
COUj
mi
tered 10IS
on IV.'
rrvlatered 1UIO
411
Hid
. 07
nu;
. no
II!)
01
hi
7U
117
SO
j'ananrt lar coupon .. Si
Ark
07
100
10(1
10(1
I
a fATinfliin
Am Tobpref r;w !)!'
Am VVOOien pre; "
ami Writ I'an yf. jn
Am Z A I- Pref JH
Aso II O Yil Pf. V
Ao Oil 1 W
Atl lllrai All n
Atlan Gulf pref . ..
llald ixcripref l;ilj
Halt cinio vie,
llarrett Co prel l"n.
Ilirrett Co
a'"P""".-"" . 01 ' an.Am T. . ZJ
llein meei ii -J-l, iai, a t . ulc uu
lteth Steel rti ,.' ' a"-.4m, t prior
Ilrkn Un Oaa. ..10a ,.W,CI -M; , 08,.
llrown lho . 71 I ft Ht L . i,U
Kuttrrlck ,n ',. ,'-n" . 7T4
"Si "irklna- Co . S7 1 Jlarr, pr,f &
Cal Petrol pref JS 1 una Co ,
Cal t So lt prel " ', i-rce-Arrow . 32
Cent 8 Ara Tet . llVA Pub Hjrv Corp uxft
Chi A ion 11 Keo', A D ai ,V
Chi Alton pf J Oulckallyer .. n
Chi Ot We.t pref JJJ4 Ity Ml bprlru:. Pf ft, v.
CM t St 1' pref SK Reading- lit pre? ssj
Chi t N W Pref II" "fadlnif tM pref. 37
M.,,.K..i,'.v vt 110 I'ub Seru rc',?,.
Col . So ll prei ,;"vj oat; Arm a ill
Col A South .. 2 gt J. , a Av pref an
Col n.-? pi'.' ,nz" S" "ico s . 207
fan (1 K I'AJ 102lc Seari.Roehurk pf.121
Con Int Cnl
con an
rnnt Pan
'ntlnantal
i...lr.U HI)
Cuba An. suiar.170
i una aim " - 7.7.tj
D I. V . , 13
li.n ti it a , ..."
Ditrc't Ediaon, ..12?,
Deo Stor Hat.
Erie 2d pre i
5v
(leneral Ciaar . fl" TBI, W nf 30
Orn Clitar pref H T,v,n ,, , ,p
lien Motor! pref. 78 1'n.lfrwoil Typo 01
Ooodrlch I V .. 43 j'nderwd Typnf.lls.
Ooodrlch II .K pf Jihi United Alinv m'if.
!!nl.',"UDru -.07
"3 nrua in pfno
J'ntd Druir id pf. 1,
I n ted Pap urJ ',' J,
ouii s sti '' P'-ii'j
Hart-nan. c;orp ,. oj
llaaVell Ilarker an
Havana Eleo i . "Jt,
Illlnoli Cent ....100i
lilt Aarlcul .. s,,
nt ABTICUI Prei.. ay
nt llarv of N J 110
Alaska (Told Mine 3li
Alaska Juneau ... 3
Allts-Chnhners Co. 21 vi
Am Heel Sugnr 70
American Csli . 421)',
Am Car A. Fdy Co 07
Am Int Corp, .. so
Am Linseed iiyt
no pref 004
no
ony,
01
83 V4
no
flt
10
114
43
13
01
oo V4
Am lJCfmotlvo
do pref
Am Mnlt pref
Am Smelting .
Am Sum Tob
I Am Steel Fdrv
Am Sugar
Am Tel & Tel .
Am Wool
Am Zinc & Lead.
Anaconda
AUhlson .
do picf . ,
At Gulf & W 1
Pnldwln Loeoino
I'nltlmore . Ohio 37 Vi
Hntopllas Mining 1
Ptlhlchcm Steel 11 Sliy,
do t c . . loo
Hi uiklin it T. 3 Hi
Hums llros 101
Hutte S. Sup Cop. lui)i
Cal Petroleum . 1 1
Net
I.niv CInfla cnir
a aii VI
3 Vi
31 V, 21V4 '
IWi in
414 l Vt
oo fl , .
no 7 Mi
20i 2 Y
so oo 2V4
no 38 V4
08yt 0811
OlOd "1
81 8V4
38V4
01 ot 1
103J4 10SV4 V4
mk ii Hi
44V4 IIH Mi
1314 134 Mi
02 01
0JV4 Vi U
U0'4 00V ' Va
103V4 100V4 101V4 Mi
floy, 38'(, (101,
nov,
t
81'.
DDV4
31,
101
10 1.4
14
a 7 14
I
HI '.j
UliYi
nsK,
mi
lOMi
II
Canadian Pacific I44VJ 14H4 141U
Cent Leather
do pref .
I'crro de Pasco
Chandler Motors
dies & Ohio
Chi Gt West
C M & St P
Chi & .V W
Chi IlKPtp
00 C p e pref t c 1111)!
do 7 p v pref t c Sfl
Chill Copper . 10
Chlno Con Cp 41
Col Fuel . Iron iHO'i
Col G-is & Lice' .
Consol Gss ...
Corn Pioducts.. .
do pref . . .
Crucible Steel..
Cuban Cano Sugir
do picf
Dd I! ml 4on
Prime Mines .
Ills Securities
llilo
dn lFt nref
Gtston WI'll uns .
Gen i:iec Co
Gen Motors
Good rich II V
Grnt Northern pf nn U
do Ore subs 2S',
Gttone Ctti Cop S'lli
Gulf SPlte Strel III
Inspiration Copper 43Vfc
Interb-Cons or pf
7.114
.101.
. 3j
. 71V.
no'i
8
11.
.too
SIM
Mid
KOl)',
30
01
00
11
Hill
08
7
1814
lHVi
20't
niTi
110
40 V,
IiVi
anVi
3 Hi
-1
so
K
14
nov,
20
48
nsVi
10
4?ri
18
31
87 V.
29
11 1 H
04',
30M,
81
fl-.'i
7
37
18"',
2fl4
31").
73
lOO'j
a
Va
14
31
71
no
8
13
(IDU
21
48
31
10
A
Mi
Vt
1'4
41
38 Vl
31
87"), 4
30 .
I'Hi
00 t
30
81
08
7
3K
IHVj
20 Vt
34
1
141 Ml
- II.
-14
do pref
Int Mer Mar
do pref .
Int Nickel
Kellv spring pf
Kennecott Copper
Lick Steel . .
Leltlgn V'nll -v
Loulsv & NTtsh
47
in
111
10 Vt
ll'i
.". I Vi
81
38
10
Max Motor 1st pfd 01' 1
do 2d pref
Me Petrol
Ml mil Con Cop .
Mldvalo
Mhsnuil Pacific
Nat Acme .
Nat Con & O-ible
Vitioml Hlseu t
30
80 "1
aio'i
4-.
27 V.
30 '4
2.1 )i
117
Nat Kiinni S. Mpd 10-),
OH4
40
08 h
r.t,
vi V.
111
44
7
47
20
0n4
28Ts
44 V4
:u
80
38
118
til '4
30
81
11
41
27
30 '4
2V.
Ill
40
43
18
ll't
M
l.'.h
20 V.
ton-
03
38 '4
1
4')
19
17
U'b
31 X.
40
8 1 '4
30
0 1
10
00
28
30 V,
1)4
n
7
47
28
m
-Mi'h
41V.
33 V.
80
.18
118
0114
30
80
31
4 7'4
"7
30
lti,
01
I0'4
41
18 '
7 1 '4
21
4
4-
-t- 14
Mt
-t-
'
V.
ln
4-1
J-1 '4
-t :i
1
-i v
1
- K
114
20',
KM!" 1
01
38"j
4
30
10
17
.1
31
40
81', I Ml
30 1 14
1
t- '4
do cash Mies . 4.1
Nov ad 1 Con Cop 18
Nov York Cent -1
N- Y Chi St L il
Y X II i II 27 - i' H '1'
.N Y Out H West 20'',
Norf & Western 101 ,
Northern Paclllu 0",V,
Ohio Gas 3'ty,
Ontario Silver 4
Penna H n 30 ',4
Peo Gas & C 41
Pere Marquette 17
Pitts A AVcst 23
do pief niV4
Pittsburgh Coal . 17
do pref 81
Pressed Steel Car. 30
Pullmin Pal Cnr .13114 I3i4 131 i
Hy Steel Spring . 4J 4 J 4!
ltav Coa I'opper . 22 il'A 2J
Heading . 73 71 73
itep lion rfs Steel 80 7'li)4 80
do pref 08 08 OK',4
Ilojal Dutch .. . 00 V. 00 0
Saxon Motors .. 714 7 7
St L. S F . 17 10 17'4
do pref . 24 24 24
Seaboard A L 10'. 10 IOV4
do pref 20 .'0 20
SearJ lloebuck I3i 111 131
Sliis-Sheff S & 1 4(i), 4(l"i 10
Southern Pacillc 87 87 87
Sinclair Oil 31 31 31 V4
Siuthern It It 27
do pref 2
studebnker 30
Tenn Cop & I'll w I 13 )
Texas Company 14.1
Tobacco Products. 31
I'nlon Pacldc 110
do pref 71
United Cigar Stor 03
United Fruit 120
I nlted Ilwy Invest 10
U S Cast I P & F. 13
P S I ml Alcohol 117 HI
U S Rubber . 38 37
U S Steel . . 101
do pref . 11.191
Utah Copper . . 8 194
Utah Sec Coip .. 10
Va-Car Chem 30
Wabash . 894
do pref A 42
do nff H . 22
West Union Tel 88 80
Westlnghouse Mfg 42 41
Woolworth .120 117
Wheel & L L 109; 10 10
Wilson Co . . SO 519. 81
White Motors . 3094 38 38), -y,
Wllljs-Overfand . 22 21 22 4 19b
Total KalrH. 321.3110 shores, compared wlffi
fino.loo hhiires eiterdiui tliiia fur UiIh ueek,
9 1108 100 kliarrM mine period taut week, 3,3b3,
700 t.mirm.
Ex dUldend American 71nc and Lend pre
f.Trtil IH. Natlonul Enamil, 2, United Clear
Store a 2
4(1"',
87
31
27
01
.18
13
141
.VI
117
71
02
120
10
13
m
-
94
1
-1
01
3894
13'4
113
SI
110 1 in
73
:
120 3
10
13 ..
113 2
87 94 1'4
103 101 4 94
113 113
709', 81 f-
10 4 ')4
30 t,
8
42 14
22 .
80 Ml
4214 94
20 4-3
10
30
8
12
AETNA EXPLOSIVES
FEATURE OF CURB
Stock in Vigorous Demand at
Substantial Gain in Price In-
tcr-Lube Chemical Lower
NI3W YOUK, Oct. 26.
Tho most Importnnt feature of the trnd
Ing on the-curb was the xlgdrousdcmand
for Aetna Explosives, which rose from 51.',
to B, Inspiring a belief that since reorgani
zation the company has been placed on
a fnr stronger footing
There was unusually largo trading In
Hrltlsh Americnn Tobacco, of which over
3000 shares were sold nt 17 to 16 Lower
prices were made In a number of other
Issues, with Smith Motor showing continued
selling at the new low of ?
lter-Lubo Chemical opened at 3- and
Molded to 314, Chevrolet sold nt 77 to 76
nnd United Motor sold nt 20
Continued Interest wns shown In the quiet
accumulation of Triangle that Has been In
progress for the past few das, attracting
attention to the grctter enrnlng power of
the company ns a result of changes In pro
ducing nnd dlftrlbutlng methods adopted
several months ago
Oil stocks were quiet nnd generally lower
Oklahoma Producing sold nt 7 Ba 'to "' .
Osage nt T to 7'Si . International Petro
leum nt 12", , Morrltt at 321, to 32. F.Ik
Unslu nt 814 and Mid West nt 139 to 137
Mining stocks were Irregular Finma
Consolidated sold it 11-10, Nlplsslng at
8'. liutto Copper and Zinc at 814, Calumet
nnd Jerome nt 1&, and 1 1-lfi and Hlg
Ledge nt 1, and Is,. I'ltlcs Service sold
at 217'4 to 210'j Submarine nt 16. A
few i-ma 1 lots of Liberty 4s sold at 100.
INDUSTRIALS
Air Reduction 1 . .
Aetna Lxplo!vcs ...
Am llrlt Mfg
Am Marconi
Am Writing Paper
Canadlin Car Co. . .
Can Car & Fdy pref. .
Charcoal Iron
Clieviolet Motors
Cinmp . .
Curtlss Aeroplane .
Carw en Tool . . .
Carbon Steel
IJmerson Phonograph
Federal I)jo
Ilondoe Mfg . . . .
Inter-Lubo Chemlcnl
Knthodlon liroii7e pief
Lako Toipodo Holt
Lehigh Coil Sales . .
Linn Loco
Maxim Munitions
Mnrlln Arms
N Y Shipbuilding -r..
Nor Ahipi Pap Pulp .
Otis Flovntor
Peerless Motor
Poolo Lng
Hodden Truck
i-crlpps Both
S S Kresgo w I
Slandird Motors. . . .
Steel Alloy
Submarine
St loseph Lead. . .
Todd Shipbuilding .
1 Mangle Film
United Profit Shailug
U S Stenmhlp
United J'otois
United Sugu .
World's Film
Wright-Martin Air
'.Uic Concent .
nil
80
014
S
2
214
17
47
7
73
7.1
31
II
70
.1
.1
20
3
I
4
r.i
30
9i
01
31
J
IS
II
70
II
18
82
8
13
11
70
I
39,
20
30
8
I
Ycff. close
Ark (Sale)
81
0
10
1
1
21
82
8
71
80
33
10
nil
3 V,
10
30
3
'4
70
.11
O'l
31
II
80
00
0
10
10',
80
is
I
20V4
.11
9,
8",
83
SIS
0
4
1B94
109',
i
3
20
94
8
STANDARD Oil.
.200
PUllOIS
Ohio 318
Prairie Pipe . ..247
Stand Oil California. ..227
5-iand OH New Jersey... 340
Stand Oil New York 213
INDEPENDENT OIL
Batnett Oil & Gas . . 1
Cosden & Co 8
Illk Basin 8
Fcdeial Oil 3 S,
Intel Pitrol 12
Houston Oil 18
Merritt Oil 31
Midwest Ret 130
Met Petrol IJ
Ohio Fuel . . .'.
Oklnhom 1 Ref 79d
Osage Hominy 7
Rice Oil
Sipulpi Ref 0)1
Sequovah
Sinclair 1.1
United West Oil ,T,
XIIM.NC STOCKS
. . .1
. . II
201
3M
2.18
210
311
230
STOCKS
1
8'4
8
3
12
20
32
138
12
10
7
219
Ha
3
32
Uli
7
7
10
1
17
Local Bid and Asked I
nnamicK Aria ..,).
Standard Mill . &a
Si?,"?"!;? ""' ' "1
stuti Motor , . 4u
Texai Co rta nii-
Texaa ft pac VI
Third Ave C
Tidewater oil 201
Tobacco Prod of U314
T"n"'-VJn.! . Sii
bt I, ft vv . . 714
A 1! I. W ctfi 8tf
nt Nlrk-1 nref 101H
Intern! Paper , 22J4
rv of N
of N J J
nt Paper pf ita. 00.
united Ity inv. . . 71.
H .?E,Pre!..,. 18
gHn-bi.,pc .io,h
ioii Cent prtt,.10l "'.'V?"?.".'" . H7W
Kan C ty SO . 15 "" ;" ... . in
i., r-uw Itn
4$ yQ'tt-'hem pf'lfir
it Wl.Kro . . H7M
Ivan City So pref 2
..an" ..rie . M -
u Krl ft VV nref 21
l Ruh ft Tire 13
l.l ft M Tob . 200
bli t M T nrej 103
11, u Tob eta
Loos Jl ctti pt. 0
IVeat Md ..f
Weit Pao II It . 17J4
Wheel ft L E pref 21
VVIIlyiaver nref, 81
Wllion Co pf , lot
Wli Central ,,,, 40
Wortb I U.... aiU
Amerlcon Stores .
llaldvWn
lirlll J el
Huff ft 8uci t c
do pref
Electrlo Storaco
Clencral Asphalt .
do pref .. .
Keystone Telephone
do tr ctfa
Lake Superior "orp
lhliih S'avlsatljn
t.ehlah Volley
Pennsylvania .
Phlla Electrlo
Phlla Company
do 0 per cent pref
Phlla It T tr ctfs
Keadlnit ,
Tonopali llelmont
Tonopah Mlnlna
Union Traction
United Oaa Imp 1
II s Steel . .
York Railway
do Pref . .
Wir. Cramp t Sona
Alaska Standard ,,.,
Atlanta ...
Big Ledge
Blsbeo Copper (a pios).
Butte Copper . Zinc
Butte New York
Cal & Jerome . .
Con Ariz ...
Hmma Consolidated
Fin-" National
Goldfleld Merger .
Goldltcfl Cons .
Goldfleld Florenco .
Goldfleld Kewanas .
Green Monster
Hecla Mining ...
Howe Sound
Independence Lead . .
Jerome Verde
19
8V4
y.
1
1
ft
2
n
43
1.1
8
0
4
r
1
Jumbo Extension 20
Magnate Copper
McKlnley-Darragh . .
Magma Copper
Mother Lode ...
Mines Co of America..
Nevada Hills
Nevada Wonder
Nlplsslng
Ohio Copper
Ray Hercules
Stewart . .
Today Yesterday
1111 Ask Hid Aak
.U .11 1 .11
mi i.uli no t.uVi
18 20 l'i 20
81 .17 S3 87
48 80 48 80
r.j :.s ai r.j'i
111 IS 17 18
17 80 87 .VI
11 11 11 1114
111, III. 112 01
n'i ian i.iu ii4
' W V$ J4
TW Ollfi ?
.10(4 82 antf 32
i 311 a-. an
2I1J. 211(4 2IIU 211
7H 73 72 7.1
ii?" i'l 4 4
aft 0 8A,
42. 401, 4llJ
7.1. 78 74
1044 104 10414
10 14 in
.11 S) 31
70 78 bit
01
42
32
1
10
194
H14
U
3
14'
San Toyx 11
Tonopah Intension .... 2,,
United Verde 32
West End Con 70
White Oaks 3
White Cap-i 1
Ycrlngtou ,.. 10
HO.MIH
Bethlehem 5s 07 9i
Cosden OH Cs 82
Cosden & Co Cs 82
Cudahy 5s 01
Russian Government S!jh 00
Russian Govetnment Gs 70
Southern Railway 5s ... 07
Sinclair Oil 6s 02
Todd Shipbuilding 6s ...100
Liberty Loan 4s ...100
10
10
. I'4
9s
H14
1
Hi
1
n
0
48
17
10
u
ft
4
1
22
39
44
34
1
1.1
8
3
9a
13
2
33
72
"m
18
08
80
80
07
62
72
97
102
BUSINESS IS SMALL IN THE MAJORITY
OF STOCKS ON LOCAL STOCK EXCHAtfGl
Bujk of Trading Is in Pennsylvania and United ?.. 1
jccci vjuiiiijiun uuiuiiu aiiu oucsiiuenaiina uains 2
Points Philadelphia Co. Earnings Good
Tho majority of stocks wero Inactive
on tho Philadelphia Exchange today nnd
tho bulk of tho trading was In United
States Steel common nnd Pennsylvania
Railroad Following the lend of Steel,
price chingea wero generally to higher
levels, ntthough mnny of tho Issues, on
smnll turnovers, were unchanged from
jestcrday's close. Steel held up well and
wns more nctlvo thnn It has been for
severnl das, while Pennsylvania Railroad
was taken nt &st nights last quotation.
Union Pacific showed Improvement, ad
vancing a full point to'11811.
Rending wns nn exception to the gen
eral rule, losing more thnn a point,
but later gaining part of the loss Lehigh
Vnllcy wns n fraction higher anil West
Jersey nnd Senshore was unchanged Al
though Buffalo and Susquehanna wns net
ncyve, It gained 2 points, although the
enrnings statement for September nnd nine
months which came out today, showed de
creases In tho net In both cases as a result
of Increased operating expenses
Ulcctrlc Storage Battery iccorded a gain
of a point, Lako Superior rw,, ..
.In11 ,,ac.Uo,n' Philadelphia Klectrln i ,
trine. United Gas Improvement J
nnd Cramp wns a dollar, but rMw!Tu'
loss Rapid Transit trust cmi,frt
very little, but their price closed u'V411
Union Traction recovered rfnn"H "lUi
loss early and Philadelphia Trrtill.',w'
ur.cnangcu inign Navigation w,. w,f
changed. .un . tiji
The 314 Per cent Liberty rtnn , i
tlnued to attrnct attention andrer
good gain. "Corded il
T?n ! I ntra it.. ....
....... ,.,br, , ulo 4-nuauelnh a en
during September were good, the i7 ?
for thnt month and the six mon,hia,'nw
which came out today, totaling MiiSl:
a gain ot IBW0.B21 over H...-v.V.l
There vvas also a gain in tho net fa. Ml
month OMS1.495 to ,030,073. For ih.M
iiiuiiiiin uie lomi was el7.26e.4U . Ir
388,663 greater than last veae .VJ ?.r '
Increased J603.254 to lO.m d T "
were shown In the statement of nil !?
lugs for the street railway and electrle iiS'.
nnd power departments "to lint
New York Bond Sales
J7000 Allmny ft Susq 31ns
1000 Amer Aur 8s
2D0C do deb S
73UU0 Antlo-Prcnch 5
17.100 Am For Sec 5s
Hlun
73
II 7 'i
. I'.t'a
. li-'U
031a
7000 Amer .smell 4 Rctln .Is SJ
12300 Amir Til 8s . . oTi.
VUOO Armour Co 414s... . s'Ht
UU0U Atchison gen 4s. . Ml
ll'HUO Atlnn U I. 1st 4s . 81
1000 Halt & Ohio 314s.. . so'a
61)00 do 5s b7 "4
loooo do 4s hO'a
.Wiiio do cv 4'is . .. 8J
3000 llruok J!np Tr 5u lulf ilc'4
5000 llordetiux 111 UU
loooo Cull Oovt 5s 11)31 . HJ14
..tij vvuk j.tinmr im os I).
DUvM U 111 l OPPt 1 IS
SOIMI Cl.CS A.O.IIO tllllV .! SII
liOUl Cul ii Alluil d',JS.. Jjl,
I.1101I cm 11 g Joint 4s . 04
Juwd cm II ij in 4S ,, (,,1
iu.1.1 c.1.1 inn &. West 4s Co
'I c it .v ht r so 4s .,s nu'.
bu
IrflK.
7.1's
t)7T4
3'a
tll'4
MT.
(
DO'i
SO
b3'.
81
M'i
M"4
bO',
81'4
UOS
1)0
U3.
liu'n
Clcse
7814
07'
,i34
01 '4
W.
8!)
07
sii
S3
81
80'j
b7'
80'4
H.I
l)U4
00
'l.l
OoW
ill
iil
H'4
llll
lllll
hi'Si
lli'-i
1 lllOl) OO cotiv
OIl) llo C 4,3S , ...
nun CI. 1 R 1 & , rid 4s
.idllO U11 4u
l4,uo City of l'aris lis
0SJII1I Coil Cllls ciillV Us.
-IMI11 Cerro iii 1'usio i,s
limn e in lt.iiluu8 5s
luiii.ii Km &. uiu elr h
lllvll II. INIC Cllltrd 4VSS
L'miiiii i.rlu lonv 4s rier A
slum do lonv 4s Sir II .
h-mi 1 uo lonv 4s ser 1
Mm) l'ruiAi Ripubilc ."i'4
liuil C1111 j. lie u u .,s ,
.inn Hud .Man rid ,'
'.0 0 111 e'entril 4s lu.11
.'uiiii lutirii -kt 41? h
7i)iiu lnterb It r nf 5s
Soon Inter Mtr Mur os
SHOD Julmnise 41as ,
5 no do new CI rt 4'4s
200U du new 4 h
21)110 K C. ht S a. .11 lis
L'liuii Kan Clly So 1st Js
1 (lllll I.Ik ft M T 5s
.loiiii Eorlllnril 8s
3,(I73.IMHI 1 iberlj II0111N Jh 00.04
1. (Mill 1.1 una i.s , , .S'l'i
4111111 Munhattnn Us nil
i;iJ 1 Mix l'et Co Us ser A 111"
Juno Minn ft S I. 4s II
12000 .Mo 1' VV I, 3s 1021 . Ill
87000 Mo Pnc i,en In . 37
24110 1 N Y C 1, S 114 s . 117',
5 ttloll ,N Y C 1 11 II ... 11714
1000 N C ft S I. 1st 4s . SI
10011 N Clly 4'4s 1II0II US
411 II N Y C 4'is .Nov 11187 1111
10000 N N II ft II 4s 1II1U 37
,111011 iln lis . KVi
1,(11111 X Y Ru ref 4s . SO
10IIII N Y 111 tin 414 IIIs.
8 00 N Y VV C ft II 4'as 41
1000 Nor Par 4s
30011 do Ken .Is
aioiin do w "s 87s
lOnil Paclfli Te 8s
I nno Penna pen ct 41a s
40110 Headline r 4s
loin lot . lul'i
.il.
Ud'a
till
i.ii
M) '4
hi',
7i.
i.l
in''.
1)0 4
lull's
llll,
J
li7'a
Ml
.liM.
H.i'k
Mi
ii.l
bo's
Ma
I 111!
Hi
iil
nil's
lllll 4
lllll
hiS
in 'j
41 1,7 13
4 .Vi 4 l'i 4 i4
8 I 5 I 8 I
I llll' I llll . llll
U J II. I V li I
5.1'i 8V4 .iila
7 1 n 'i 4 ' 7 1 n
8d 8 1 t 5 I a.
5 i's M 4 "''
lij 4 '12 112
Sh 88 SN
It', 77'i 77',
87'. 87. Sits
1I1.J llll 1113
1,11 II 'i 110
iml. on', ns',
114 ' Ml. 1111.
U'J.70 00 02
S'l7. hl4
h'l',
llll
41
lll4
31. '
l'7'4
07
84
118
llll
101
41
ni
r.ii'i
ii'.
H7U
84
ns
loi. 1111
M
.10(111 Hip I ft S 3s
2iuo St I. I it ft S k' n 5s
sunn st i, ft s r Ser a
7IIIIO .Sonlioiir.l A I. mil "is
2000 South Pnc Is
171110 do rvt 5s
llinis) South liny Ben Is
niino do 8s
loon Tenn C ft I lis
I (lllll Texas o lis
24 Mill I' S Rubber Is
2000 U S (loU .Is
'.ndll do 4s . . .
"71100 C S Stoel a f 8.
jTiMiu union rac 1st is . in1.
110(10 llo cvt 4s . Ml,
nnoo ilo rfd 4 Rn'4
llinnn u K of O It ft 1 5s . ns.
11 1C00 . do "Mis 1018 . . lilt A
17000 ' do Has 1010 . . 04T4
snnon do 8'4b inin new .. iip
asnno do ms 1021 . . . ni'i
1000 Vi ltwvs.Ss .. 024
13000 West Ullliin I'a" . 0
s-i
SO
III'.
41
M'a
l.ll
111.'
Ill
I) I'd
hS',
lilia
III'.
88
47'4
7"
112
ll."a
01
80 Ml
1HI'4
81 'a
no
101
hi' J
1111
102's
. na
02
. 8S4
nn
. in1.
. 58
. 47'.
. 7(1
fl4'i
I,'.",
. HI
. 80'4
. OUT.
. 81
no
111".
1110 11111 1(111
M
50
II i
41
84 '4
I.IIH
102'.
01
111',
8S,
004
114
88
17
71
02
112
111,
W1'4
no
81
01
in-
10 Am Gns.
11
' '?
'L'S. haz-. ?. &il
ww ',m uuvi. nni;
Sales in Philadelphia
10 Amer Loc pf oV4 014 otlillL
13 11 S. S pf. .. CO 60 00 t
23 Flco Stor.. S3 53 SJ TJ
Gen Asp n
tn
07 'H H
884 h
"7B uu74
Kl
do pf
Ins Co N" A. .
?I1 Lk Sup Cor. 1314
283 Lch Nov. . . 0714
lOLeh Vol. .. 88
1107 Penra II R So
loo Phlla Co
cum pf . . 3514
210 Phlla Ulevc 27
01 1' It T tr cfs 27
1 Phlla Troc 72
220 Reading .. 7394 71H 73944.1
103 Tonopah Bel i 4, 4 . '
Tonopah Mln .. fj
20 Union 1'nc .llaiu. inv. mv V.
140 Union Trnc 41V. 40C4 uv.
17 Un Gns Imp 739i 7314 7394 ui
13 Un Cos N J2004 20614 20614 .. 1
oooi u s steel 101 101 10194 4- tl
mi.i ,...,. . o u u s
10 W ,Ier & S 47 47 ,7
Westm Coal . f7
170 W Cramp S 70 78 7
tQuotation given Is esterda's cjose,
Tntnl siles, 8074 tharr, compared vtllk
sluircH sesteriliil thus fur tola umI. t
hlinresi s.-me pcrloil Inct veek, 70,373 .him.
IltlMIS
HUb Low Close. chrtA
SO
y.
89
97
101 101 .
00.60 00 18 .51;
100 100 -100
100 ,
03 0854
07 97 ..
8794 8194 -j
01
814
811
08
nn.',
nt
OS'a
01
1124
00
m
s-4
80
08
11 n.'
04
084
01
0214
00
0
HI
814
'in
K3
n
2
5
47
n
3y,
4y,
O'j
116
20
V
814
1
314
9-32
214
70
18
01
71
Total sales, $0,012,000, ronipiirrd with ft,.
787,000 selenlui thus fur this vifek, $33,070,
0001 some period lust week, $22,114,000.
4
73
104
m
31
78
4ILUOAD EARNINGS
DUFFALO AND SUSQUKIIANNA
, .. 117 Inc.
September grosi .... I14H 4111 tu 483
Net I .. 18 8U3 14,S44
Surplus . . . 52.127 1,1112
Nine tnonthi' aro 1,203.272 84 024
Net 200,321 .110 1118
Surplui 301.013 4H.07.1
IIUKFALO. ROCHESTKR AND PITTSIIUIU1H
September oper. rev... 11,871,201 11811,820
Net Income ... 180.870 is.ihu
Oper, rev. from Jan. 1 10,987 041 1,480 888
Net Income
Decreaie,
1,307,573
.
'280.832
Fidelity Trust Joins Rescne System
The Fdllity Trust Company directors
today determined to make appl'catlon for
entry Into th-t"ederal Reserve system ThU
action, It was stated, was prompted b)
patriotic, reasons In view of the hnancins
necessities of the country.
NEW YORK COFFEE JHARKET
NEW YORK, Oct. 26. The market for
coffee futures opened ery quiet, unchanged
to an advance of two points On the call
March was the only month In vvhjch here
were trades,
Test.
Open lush Low Close closo
7.713 7.0 7 04 7 04
... 7 in 7 12 7 12 7 12 7.13.
. .. 1.1- .. T.IU 7.2.4
... 7 8(1 7.40 7 37 7.84 7.34
. .. 7.8(1 7 11 7 81 7 14 7.84
... 7 70 7 72 7 70 7.70 7.70
... 7.B5 7.87 7.8S 7.60 7.85
November
December
January
March . , ,
May ....
July .....
September
IXO.W. ADVJJITJHEMENTS
t-p. KSTA1J5 Of JAMES l'OLLUCK, VV.
Gr .M,...l . letters iHltnianiupv nn k.
above t.tate having- beeit arantid to tha undtr-
Blancd. an pciv.. .h.,uitu ii mo aaia eaiala
are requested to mak payment, and thoaa
bavins claims to preaent tho lamt, without
4UTIIB INDITSTRIAI, TRUST TITLE
" AND SAVINGS CO.
JOHN O.CARRUTII, Preildent.
and R01.AND D lklLLOCK,
1030-53 N Front at., rhlla.. Pa.
TSI. NOTICE TUB ANNUA!, MKKTINO OF
v-- tne vomriwu.wia ,i ni, e;nriHcopner'M
llo.pltul for ( hlldren will be held on Tuesday,
N oi ember 13th, at 517 Cheatnut St., at 12io
'lly' order of the Board of iOnairrs,
CHARLES HENHY SCO IT. Jr..
Becrttarr.
$100 Amer Gas &
Flee 5s . 39
1000 Baldwin Loc
1st 5s ...10094 10094 1009J M
2000 Con Trao N
J 5s .08
1000 niec & Peop
Tr 4s ... 7414
10000 Leh Nav cons
4-8 0094
1000 Leh Val Coal
5s 101
128500 Lib Bonds. 90.02
1000 Pa Co cons
5s 1919 ..100
2000 do cons 4 lis
1960 100
10000 do temp cfs
41aS 92
14700 Phlla Flco
1st 5s . . 0814
0000 Ph B &. W 4s 07
4000 Reading gen
- 4s 88
1000 Spanish-Am
I Cs 10014 10014 10014
1000 Un Uwy Ijiv
5s ... . 03 03 63 ..
1000 W N Y &. Pa
1st 5s. ...101 101 101 ..
Totul sites, $181,300, tempnrrd nltk I1M.-1
230 jesterdityi thus fur t.ils week, WlUMl
fiimo penou iam weea, eJ.a.tfvo.
INACTIVE PIIILA. STOCKS
Following are quotation for In.ctlTi j
stocks listed on the Philadelphia stocic Ei-
change and In which there were no tranJ.c
tlons today. The price given Is the lilt
previous close.
Am Oaa War ... 14
Amer Stores .. . 33
Alllanre Ins .... 204
Amer Mill li
Amer Stores pref 02
nrlll JO 20
llUff ft Susq t C . 80
Cam Steel 110 ,
Cam Iron 41
Cons Trac N .... 71
Kcestun- Tl It
Iff.. t
n ... STIi f
Keystone Tel 1
Leh Val Tran
I.h Vol Tp nt... ti
Lit lire 2lK
Little Schuylkill. II
Mlnehlll 8I l
p It T :
Phla Co 10
York Ilwyi It
Ynrk Itwv. tiref . 12
Penna Salt . ffl.j
THE oiTces of this Company will be'
kept open on Friday evening 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 Company
of Philadelphia
Nine P. M.
THIS office will remain open to
, night and Saturday until 9 P. M.
for the sale of Liberty Bonds.
Commercial Trust Company
City Hall Square
i
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4fci
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' 41
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F W I - ' T
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