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WfiQSSIP OF THE STREET
financing wars
JVf .. v-V -. -M -
JKIUDB, AND
IConsolidation of War Debts Into Single Interna
tional Interest-Bearing Fund Proposed.
Gossip of the Street
tURING tho Elizabethan and the Napoleonic wars Great Britain was obliged to
"V borrow right ana lert on whatever
Supplies, snips, uimoinis. everyming mat wo are raising money for at.prescnt nnd
tilch were In uso In thoso bygono clays, before airplanes, Zeppelins, tanks and
((,, other modern war nppllances were dreamed of.
fj Some or mis uurruwniK was as nign
ff ( interest from that figure down.
3t,IBa. Then-there came a time of unusuiil prosperity and peace and the people of
toMmfC"11 Urltaln hml plonty ot money ln bnnks nntl Government savings Institutions
which they were wining 10 loan to the CJoicrnmcnt nt 3 or 4 per cent.
The British Government took advantage of this condition and borrowed this
money to pay off these old hlgh-lnterest-bearlng debts, nnd gave notice to tin.
debtors that they could come and get paid off or take tho equivalent In Government
bonds bearing 3 per cent. In other words, the British Government "consolidated"
(ll these old debta and paid them off ln Government 3s, nnd the bonds representing
ifese payments were known as consols, which Is shott for consolidated; sometimes
thy. were named "funds," belrtg a part of tho consolidated funds. Urlefly, (.tripped
of all frills, this is tne origin ot urltlsli consols.
A well-known gentleman In this city who l.ns made cMcs and finance with
thtlr kindred economic subjects, a life study, has suggested an almost similar man
net of treating tho war debts of the warring nations when tho war Is over.
His plan Is briefly to consolidate all the war debts Into one big International
fund and Issue International bonds against
A vs.! an t f Aftsi 4ft t4h htihnnllnu.1 la..
per ceni, it" imnun u aiumum-u us snare or moso oonus according to the
eipenses It Incurred ln the prosecution of the war. Tho bonds would be guaranteed
Jointly by the nations In this International arrangement.
It Is fair to state that he assumes tho war will end In the alms of the United
gtates, namely, the democratization of the world, with nn International navy. Inter
national police and an international court of arbitration to'scttlo International
questions.
His object In placing the Interest at 3 per cent is, iirst, to htandardlze a rate o'
interest at a minimum, placing alt governmental obligations on a sound financial
tails, lightening tho load of taxation and
torporate and private capital to follow in
for deielopment and rehabilitation.
He has plans for the use of the3e
credits and International exchange for
Whll the main idea Is not new from a
international one, and may be worthy of
"What Is Inter-Lube
S What is "Inter-Lube?" That Is a riueattnn which hn.q heon . .!..,! nn thn cii-a
in some of the banks, in brokers' offices and by many Investors for some time
past, more perhaps out of a spirit of curiosity than anything else.
Inter-Lube Chemical Is n stock which appeared first on tho New York Curb on
October 9 at 2H, and was recently quoted as strong ut 3i. Inter-lube Is a secret
formula by which, It Is assorted, the power of gasoline Is Increased from IS to 25 per
(tnt. ,
The Inter-Lube Chemical Company was incorporated In Delaware ln September,
1917, with a capitalization o' 200,000 shares of a par value of $5 each, for the
M purpose of acqulrlnr the entire capital
of Ohio. Tho Inter-Lube Chemical Company, it Is reported, controls nn Interest ln
..the Carlos II. Do Sllva Company, of Paris
the European distributor and manufacturer of lnter-lube products. It Is also
reported that lnter'-lubo has received the official recognition of tho Krench Govern
ment, which, it is said, '.3 using great quantities of inter-lube In tho operation
of airplanes, motortrucks, etc.
It Is said that the company plans to erect a plant ln Cleveland, O., which will
have a monthly capacity of upward of 200,000 cans of inter-lube, nnd that this
.plant will be in tho nature of an addition to the plants of the Inter-Lube' Chemical
Company of Ohio.
Shipments from the latter arc said to be on the basis of 35,000 cans per week,
and It is likewise reported that foreign contracts alone are sufficient to keep the
' plant facilities operating for several years. A profit of thirty' cents per can Is
tald to bo figured.
H. J. Mayers Is president, H. iV. Orndorf is vice president and l also said to be
ythe inventor of the product; George V. Knelsly is treasurer and Karl Holding,
lecretary.
The Industrial and Mining Age of September 22, 1317, had a review of the
Inter-Lubo Company and Its operation, which nlso stated that lnter-lube does
away with carbonization, and that the cost of the product to the consumer Is
foverned by the cost'ot the materials entering Into tho product, Including the cost
f ot the cans. The old company, according
It Is asserted that inter-lube Is especially HUlted for ulrplancs. Ono of the
troubles of the airplane engine is heavy carbon deposits at high altitudes nnd
varying temperatures, but inter-lube does away with carbon deposits altogether.
' It Is said ln the company's prospectus that nutos using lnter-lube for four years
"haie not had carbon removed because there was no carbon. It Is nlso asserted
that very large dividends have been paid by the old company. The company nlso
manufactures other products, and experiments are under way which may result ln
the use of kerosene as a substltuto for gasoline as a power producer.
Some of the largest curb brokers In this city say that there has been little
trading of the stock here, but they aro watching It very closely.
Street Gives Up Dan to Libert Bonds
The principal business In most of the Investment houses ln this city yesterday
aa looking out of windows nt the Liberty Loan parade, led by the lmpresshe
Liberty Bell.
There was nothing doing ln tho houses which are exclusively bond houses
except Liberty Bonds. On every floor of every skyscraper people ln the offices
nd corridors were being solicited by Boy Scouts canvassing for Liberty Bond
ubscrlptlons. One youngster nbout twelve years old had subscriptions for $350
before he reached the thirteenth floor of the Land Title Building going down. With
o many brokerage offices located there nnd with the combing which the building
mut have had from tho representatives of the different committees, this was an
excellent showing for such a tiny youngster, whose greatest difficulty seemed to
be to hold on to his hat, his blanks and his pencil at the same timet One or the
other of tho three was Invariably on the floor,
September Earnings of United Light and Railways
United Light and Hallways Company reports that a comparison of earnings for
Uie twelve months ended September 30 nnd trje earnings for July, August and Sep
tember Indicates a favorable upward trend ln the recent months, as compared to
the last year as a whole. For the twelve months ended September 30 net earnings
of subsidiaries showed an Increase amounting to 2.7 per cent. On the other hand,
the net earnings for July were 6.6 per cent, for August, 9 per cent and for Septem
ber, E.3 per cent.
Investors Eager to Obtain Libertu Bonds
The manager of ono of the biggest Investment houses In this clt,y called atten
tion yesterday to the condition of his desk," when was piled up with letters and
jSapers needing attention. "Everything on that desk," he said, "has to do with
Liberty Bonds, People," he continued, "are sending In coupons and dividend checks
to be converted Into Liberty Bonds, It will take me hours to wade through this,"
he said, pointing to the pile, "but it's all in a day's work and its for Liberty Bonds."
t
New Bond Issues Await Close of Libertu Loan Campaign
Many of the big Investment houses are waiting ffir tho wind-up of the Liberty
Loan to put out a number of new Issues of bonds. They have made all the Investl
rations and are prepared, If good Judgment dictates that the time Is opportune, to
Uunch them.
The principal of one of these houses said yesterday that he expected to see a
number of small issues put out In the interval between Liberty Loans, but not any
Urge ones, and, he added, "with each successive loan, the size of any new Issues to
be floated ln the Intervals will grow less and less."
The representative of one of the largest banking and Investment houses in this
elty for Clearfield County, Pa., was here on a visit yesterday and, ln the course of
Conversation, remarked that as far ns the farmers of that county are concerned
lo could speak for them being enthusiastic over the Liberty Loan campaign.
"I have taken subscriptions from Clearfield County farmers for more than
1380,000," he said, "and I may say that I don't believe any of the men I sold to ever
owned a bond before, and remember I am only one salesman for one house. Others
may have even better reports to ;nake."
LOCAL MINING STOCKS
j. TWiUI'An TlH."itB
Ailc
.HO
.2.1
,10
.08
:S
:K
.03
A 0.1
.:!
.0.1
.Oil
.nj
.02
m MUUr ,,,, .T
'f Samara . . . . . . . . . . . . . ...... . .53
'noway , f
JonUn , 14
North !..
:?I
tt?t5,.";,:::::::;;:::::::::i
.01
fft.Ario.u-aw:::::;::::::::
.OS
!o5
:8l
;H
.50
1.70
.'.'3
ly
K !n!fc'K" fc''ni'i " ::::::" :
Anions, ttaltrd ,
iU Wonder
Twp Ulnlnz
i.kll
ParU Bohi-m Quiet
Aaia, pet. :. Th m
ult
of other
PRESENT PLANS
terms she could, for guns, ammunition,
as 12 per cent, but there were all degiecs
tho total amount bearing Interest at 3
t - M . 1 a
establishing tho ncccsiary confidence for
supplying the additional funds necessary
bonds in tho establishment of International
minimizing the movements of cold, etc.
national standpoint, perhaps it is from an
further consideration,
Chemical?"
stock of tho Inter-Lube Chemical Company
and Lisbon, Portugal. The company is
to this nuthotity, was n close corporation.
By-Products Pays Stock Dividend
SYItACUSB, Oct. 26 The By-products
Corporation has declared the regular quar
terly dildend of f 1.50 a share and a stock
dividend at the rate of two shares for
every 100 shares held.
TOO I.ATK FOB rLAHsmrATioy
DEAT1IM
"AnnlANCK Off. 15. HELEN D. ADKI.
ANi-K Vd HI Relatives and Irl.nda Invited
li. funeral arrvlcea. din., 4 n, m.. at her
iauihur'V r?.ldeno.'. Mr.. M. J Dunlap (list
lliford al . Phil Inl Hopewell Cem , Dutches!
County, Nv York,
nOLAN Suddenly. it his r'sWenee. T Mont
.Vrv ive . CYinrrd,. Pa,, Oct 2d, JAMES II..
nVSSSalt r M. Dolan. Nolle, ot tun.rai
nAVDBLt.. At Poylestown. Oct. 2a. J
p PnoUrtOCK. wife of. William g. lUnd.lt,
r n ,..,...... rt a Axrvri
vTnnllROCK. WIT. OI William p fianoeii. uni
M helatlVM and. irienqa inviiea lo iuorr.
EVENING LEDGER-PHILADELPHIA, FRIDAY, OCTOBER 20, 1917
PHILADELPHIA COMMERCIAL MARKETS GRAIN AND COTTON
PHILADELPHIA
MARKETS
and larnDio tvm . 'l NuvB wh,". ""I or .
In no cTaeV. L'l-l!nui,h',onv5n'lr merit., but
COlixrTi. i .' ,r under No 4.
nulet UiT.m.n'.1?"' ,00 bu"h' Trade was
was nomlniVRT'LT." v,tt "m"" "n1 " mrlt
lncnl iradl I.flr.m- . Quotations (car lots for
yellow l"in! o!. J0f",lonJ' Western No a
nominal. ,SC- 2w- a- No- . No 4 and No, 5,
raJdMSr3?irr'l'i,V Krt.IOa bush. The better
X "nlr Venn,i d r? c. unur "nt nrlnir and
Tei standi?? . Sotillnns. No. 3 white, no
4H ifosS v'1, hltf, Odttflrttie. No 3 white.
Violin' !,' f white. iUltl4c.
in .a?k. "t""- "s bbia and i.aon.sns lbs.
nnd forward. V,l """." tKr "emand for both spot
tn Ined un,i m '?.T"i.1 "nd '" were ml main,
lbs lnVo!P.r,lrh.t "frl" quotation., per ljl
portsni ,V. " ""'.' slowly and showed no Im
shipment Jf.fftioK0 quot U"10 3 nl'l
"nipment. ItuOlo L'J ,,,t. as to uallty
PROVISIONS
miukVt'rJle",? ?'".ir Joh,bln Inquiry and thn
smoked !V,i PrT. Quotations I'lly beef, tn sets,
smoked iilrVr,,u !,3- western beef. In sets,
smoked ,h cllY !;'.-' nurkles and tenders,
knucifr. SSS . "Ir-lrleil. 84c. western beef
I4S DO?k"!Jf,n1,i:. "mnfccd. 3Ct b; hams
looie.fC; ,',VNlr- f3l. '''ms, M. P. cured,
dn."o ,Sv:3Va'i?,-.,,'"nned. loose. 2!S74ei
elty cur.T..f J'f-.ln other hams, smoked,
hams mSiJktl0 hrBl" ttnd averaa- am ItlMc:
boiled i.11' western cured. asHOSOVjr, do,
cyred' i,n.'1''"!' 4iei plcnl1: anwldera, 8. P.
Pickle a?JoVdr-4;i.l9' niekev 2Sc. belles, n
fast hnron r.dJn.'r J" . l-se. SJe; break.
Or. brSkf.Vt '',r"d nnd averaire, city cured,
weatern r.if-ib011, """i furcd 40c: lard.
aiir- rS? iT,P.n"1,,.""'r''"' SOe: do, do. do. tubs
Dae' do .S,u-r" ic."5'. "'"' rendered. In tlcrres.
-jc. uo. pure city k.ttio rendered. In tubs. L'&u.
REFINED SUGARS
nrmlfn1'. ,v.l' ".nvl" "O'1 h market ruled
Uted. " of ''Mr for Mlr l,no Brnnu-
UAIRY PRODUCTS
atMdi:l;"S'VrT.n1.,ni,rl" ,,a nulet and barely
finev a..n?u?.,u",n"! N"" "rk- full-cream,
do L iTt- "0S.:', ,Ioi frrah-macle. best. 21c.
SruVv -3Wffl2.vic. Jo- do. fulr to good.
of?e'Jl j7E?r;Th' .m,",rkel ruled Arm under llaht
tino, -lnJ a f"lrly Bc,u demand Ouotn
inrdila 4i't'n' ""lid-packed creamery, fancy
Vic- nl.LAi?' 'xtr" 'if4.V. extra llrsts.
St 'f-Jir.' 4ilc- ""-onds, 41 it 42c. prints, near
KVei?1?0 4Sc' . 'rnit etro. 4iHf4"c. llrsts
vnrnrii:MQi """"" br',r,J,, of
.oM'r??Tr;StJflctl1' "!" ,r,,(,h nenrb rcca uere
KteiMK1111 flrm.,u'"l"r a Kood demand, but un
iiVfnl f .n """"'lea ere dull and rnk quota.
iV.e .if, .??., 'reo raaea. nearbj llrsts. III no
?;. .'"""I1 '"' current receipts. 112 80 p-r
!? VS.-"" , X1 '.' oa l -'"' ber case ,8ti-rn.
extra flrsta tJ2 tin , r cm-e .Hirsts. (12 .111 pr
case. ronds llo lilfi u 2.1 wr ne. rcfrlB-
joooini; ot .iOCuU prr dozen
POULTRY
i..I'I.yj: ,rffflnBs were moderate and the nvir-
,,, ...i" lul" WU 1"It f!orlng bue:a Tho
n . "I "". "" foll?iv" I'uwla. as to iiuallt!.
t .,!,.-. r,",,,'ri!. '"Wll'r, spring chtrkens. not
i IShjrsi- ,!r.c;,,r:),"''K .'" ousiuy. 2ovjo. wwi
IH.rnf. ,""! duiks. Pekln. 21&22C do.
i2?l.. "V.TJir,-,, Wic. do. sprlnK 2.-W2.I.
Leiih! llA,.l0.. KU,n,,0 ouns', per inlr.
sii. ?Cn'j2W-. "'a, aplec-, incOll. smaller
I!?.!' ,fInci d, l,d pr pair. iliHffl.lc. pla
!? .K'.,;n.per ralr' 22flc. do. oun.: Per
,.I,,nr:ssKl Trndo was quiet nnd prices of
t,Z.. w,r, ."i"11" ir lowt,r Offerings ero
ni ' L""'r.Ml: Quotations- l'owls. 12 t,. box,
I?.i..h- 'if-o'eheil fancy selected 2s do.
Melghlng 44 lbs nplec. 274c, do. eljhlng 4
lbs. apiece aio. do. Milgl.lng 34 Ms npb ce.
Till '.'o-.y.'UfhlnB 3 lbs apl.ee 24t2Sc. fonls.
iced in bhls fancy dry-plrked. Heluhlnc 44 lh.
""d,0"r "nlTr. yfr-: weighing 4 Ins. apiece "lie.
sm.illcr slr.es. 21W24c. old roosters dry-picked.
- lire il-rs ",rhng lt,W2 lbs. apiece.
Jf1"''- 'ncy, 33W3HC, Mrglnla. fancy. :tci(
osffiio'1""' "'-."WSiN PT Hi. western.
-STD.IOc. ronstlnB chickens, western, weighing
.l " ""'l '!t bp i'cc 2-.4i2iic chickens w.st
r.rnr.nW,'l?,hln.3Hl lb"- nplec-. 23024c. do,
wtlghlnir 21, 3 bs apiece. 22c. turkes. fresl.-
il'.i '-iS'.JnT"' "' n,rb', 3K'33c, western,
best. 30V32C. western, spr'ng Iced, 3Ji S.lr,
turkeis. common. 28W2.V. rprlng ducks. I.one
Island, JKc. I'ennslanla nnd Dclnwitre. 2'itti
J.c. gulnens spring, weighing 11)01 lbs per
pair. II. l.i. smaller slses IIli71.il.", K.iuabs.
white, weighing 11W1-! lbs per doi . 1.1 iiiim
II.2S: do, weighing ntMO lbs per do .
.ill. do. weighing H lbs p.-r .lux.' sift-,ii.
do. weighing 7 lbs per d.14 . IS 2.147 3 TS: do.
wrlghlnir IIWIH, lbs per iloz . S2.7.'.f 2 III) do.
'J?rK. H.13W2B0. do. small and No 2, 7rictf
ll.ll.i
FRESH FRUITS
Peaches were slow of sale and prices were
barely steady Apples were In fair request and
'J'.'ll , wuoinuons- appics per ritii jonatnin.
I'U 11. .10,
King. I.MfiJIl Twent! oune
H1' II.
Ilolilell. Srifif7. nrthun llpnlnv tzthr.
fW'.-Wy- "ano. I3W4 .in York Imperial.
!3?4-J5- Hnl)al.. I.1ii(4. Summer llambo.
ir 'Jn'?'. Annies, western, per box Jonathan.
II Silfr.'.TS. Winter llanitnn, II.7SK3. Orlmes-g
(loblcn II 30O2.3.1. Apples, nearby, per h.im.
,Trv.59'U,S','5": do' do, l,er h-bush. bosket.
S5cJ1.aa. I'rabapples. per H-bush. basket,
1 7.1 W 2 Quinces, New York per bbl , 14 W
11.2.1 Lemons, per box. 12 300(1. UnnnnjH.
per bunch It 50C2.73 OranTcs. California,
per lox 2,Jf5 Pineapples. Porto HI. o per
I rate. 13 2.1fta.30. Oraprs, New York, per 3-lb
baskst, Ql.lc, do. do. per IQ-lb. bAsket. TiOti)
70c. do California Tokay, per crate, Ilul7.1,
do. California Malagas, per crnte, ilffrl Ml. do.
California Muscatel, per crate, tlffl.'." do.
California, Cornlchon. ier crate. 1.7.11f2 2.1
Prunes. New York, per 4-quart basket. SOW.tiin
Plums New York, per 4-quart basket. Damson.
2.1ffa.1c. Oreen uage ans."c. do. Callfornm
Gross, per crate. II 2392. Cantaloupes. Colo,
rado. per lUt crnte white rinds, II 2.1frfl r,i
Peaches, New York, per hunh. basket T.lrQ
II SO: do, do. per 13-lil-niiari basket. B.IKiUic,
do. California, per lox. .iilcfll. Pears. New
York per bush. Insket, llartlett, ,"n2.
Meckel. I2W4. do. New York, per bbl , llartlett
I4&S: Heckil. UltfN: do. New York Meckel, per
keg. 3.r.0W4 50, do. California. llartlett. per
box, 121(3 30 Cranberries. Jersey, per crate.
J2 2.1W8.2.1. do. do. per bbl. infill Straw
berries California, per pint, 13923c.
VEGETABLES
There was
little trading In potatoes and
prices ro barely steady Cabbage of fins
qunllty was firmly held. Onions sold slowly.
Quotations: llhlte potatoes. Jersey, per 4
bushel basket Nn. 1. BOcStl 1(1. No. 2. Ilnjs
70CS do. do. per 130.1b. bag Giants. ta.7374;
do. pr bushel, Pennsylvania fancy. II. aiift
1,80, New York, ll.im(1.7iii New Jersey" II .111
ft 1.0.1. Hweet potatoes. Jersey, per 4 -bushel
basket No. 1. 7i)S.1c: No. 2, 33J30c. Celery.
box
f(T
GRAIN AND Fi.ntm
ilnJr fflft 7I'?8:! b.u,h'. Th' ""
vator, OoveBm1-,.".one"..1" ln "Port ele
t'4. hrr X2mtn. 'mlwil Inspection); No. 1
". I2 1ii,";!j',!i.0'. '"I, IS.aii io. soft
h it TwheM li$J'i " do' ,0't r'J- ,2,1VJ
(nii.nrt wk'-'Y'... restively same or ce na red
Kansas !,.-"""'r "irHient, new iu ;..lf Hi .,"
IIoVtSimi ' n.e,.'i- I0S.-. do, patent new
ttOftioSn t.-P."1 cl'"r- "' "III shipment
sprlnr n ,;."":" P1!. spot, i:i!.ii
Ill's aiirinl e Vl. In,u "hlpmenl. 1" 7ff
flty fnlfls .-,favor".' brands, 111 JO IB 2.1
Straliht iiii...lL''.r."!ular erads, winter
lirl- V-i'A'Ak' !0 ''" Patent III) r.ntttn IS
X"T UIS t'- ssss -s -' UV rT liU ff"t V Y
York, per ,box. ;,0cCll.7.1. Cucumbers, New
York, per bushel. Il; 2.1. Cauliflower. Long
Island per box I2.503: do. New York, per
box. t2.i:il9. Watercress. New York, per 100
A Message to Germany 0
CAPTAIN DAVID FALLON
(Oxford and Bucks Light In
fantry) Australian and British
Forces, who has been for three
years on the Allied Front from
Gallipoli to the Somme, will
speak from the steps of the
GIRARD TRUST COMPANY
Broad and Chestnut Streets,
tonight (Friday) at 8:30 o'clock.
A CALL TO
JOHN V. SKKLLY
Chosen president of the Continental-Equitable
Title ami Trust
Company to succeed the lnte
T, M. Daly
bunches. 1.1 .In J, 2 Kggplont Plorldn. per box.
I,"- i.i'. ,' iibbiB.. N.,w York per ton. 131
I.4..,.1 '.' -"'I11- "''',' l"". '"" 2fi.-,ii onions.
&.,.rrv wrLmWy. rv
do. Cilllfurnla. per MlMb. tg, 44.23:U
GOVERNMENT'S LOCAL
MARKET REPORTS
This ilallit report 11 sent out hv the
"iirrciu 0 .1arfcef of the flitted i'fntrs
Department of AvrtcuUurc. I'hilmleli'Ma
branch, teith heailiutirttr.i nt ,I-.J In
surance Vxehonyc Hnildtnj. Hell Telephone
Lombard in. ' '
liaild'on".."'.'0?; nn lnrB' l"l 10 Jobber,,
basid on sales ut the various railroad depots)
riit'iT.s
Vnir,,Hi:M' .,"'r.hi'1:,40-s lu.irter pecks). New
inch' IW1?;,. A'!,- ?-'"rh- 4-30. "A." 2'..
uh' .V .'".. "' 13 23. Greening. "A," 24-wS-J.V;
.' Il-V. i"nta .VJ-Vr-lnL Ht.,.n.:n
-rt-m.h best 11 ,.,. poorer. II. Grimes Golden.
A grade 24 -Inch. 1.1
U'Vii3 nU,,:S- N'"W J""") "fr 22'" rr"lB-
GKAPHH New York per 13-lb basket. Co-l-
i.ir.ls inustlv Hoc. poorer, T.n5.-3c Niagaras
."li.'""'"1"''' ''"" """ a-"'' .aakel.8 "Sn".
l'fiAIW New York i,r bushel (14.1.1 quarter
fs'rnUe-r'pVc'kV. ,!.-A?3.-rr '' -"U,h" l'"K!t
le,1'5 Kii2sjo. &r1lJ"h,, m-15 "
e.l,;!N!i?:?- .".1 .Yn,, I"'r ,'1'1 4o-41 quarter
pe.ks) (Irsts 111!' Ti Til , seconds I" Rilffa -,n
s3ST2tAWHKUrtIJJS California, per pint, tn
vi:gi:taiii.i;s
llljANH. nearly, ner S -bush basket to 10
pilar ers). mn, i -,oT2 2.1: gr.en (South
l?U5S,'- p'r hu"h homier 1i3j:,.
IHII.TS. ne-irln nr bunch. 2f 24c
,uV,i iss'.-Se srit,n,T's' ,-on " ""
ii'"'. .4etd lti,X '"" "mC"1C- "S
numelr,(?,Tct'i;..n,'c.irr i',,u,,, ba,ket 80
heulsVLi'''sOWKU- I'0nB ,a,",", "r l'ox 14'18
n!"iji'i;!'Yv--Srw York per bunch. 13 ft .10c.
ntlClPl.AN r.S. no arrhala
ML'S-linooitH. nearby, per 1-pound box. II 73
UNIONS, ner lOO.nound sick, ellows. New
lork and Illinois. 1,1.111937.1, OM, t3,:,uU
H.i'1 CaMfornla browns, no sites.
l'AUSNIPS. nearby, per 4 -bush, bnslict (U
que't-r r.erks) llllc
PntTCltS nenrb. per 4 -bush Insket (S-10
do7enl. 2.1 fit .10c.
POTATOCJ nenrb. per . -b-ish. bilkket (.11
pounds). II fif 1 10- seconds 1107 soc bulk, per
bush PennslMinla II illMl.sii- New- York
W 'nSl "" ''0",,oun'1 ",uk" J.rev OlantM:
PIMIPKINS. nearby, p-r lno, I.1ff20
KP1NACI1 nenrb!. tier S-bushel basket (0-10
quarter pcks), 2.1fl 3.1c
RQL'AKII, n-nrb!. per 4 -bushel basket (20-30
squashes) IlllWai-
SWI7I3T POTATOES Hnstern Shore of Vir
ginia per bnrrel (33-40 quarter pecks), firsts,
12 7.1W3 21. seconds. I2U72.2.1 nearby, per ")4 -
I us-iel basket (-' .i"arter peeks v-ilow. firsts.
7.1WHOC re.ls ROffk.lc. srcon.ls. SlfJ.inc.
TCIINIPS nearby, per 4 -bushel basket,
whit's inCTnnc vitow, .mffT.v
WATIIUCHKS" New York and IVnnslinnla,
per bunch 14 2c
SOl.n AT AT'CTION YI:8TKIIIIAY
OltANOKS, Cnllfnrnl.i. per box. large sles
(10-12 dozen! 12 4IIR 4.211, medium sire (14-18
doien). 12 USB I 7.1 r. small size (20-27 dozen).
II hi.
GIIAPEKTICIT. Florida, per box (01-00 In
box). 13 21?4 4(1
I.rato.N'M, Palermo, per box (300 300 lemons).
II 7.1 T2 7.1
APPl.IJS Northwestern, per box (011-HS np
nles). Jonathan. I1.40W2.83. Winter llananu,
II 7ti2 -15.
CHAPI'S, California, per 24-pnund crate. To
kais. Il2. Malagas. I120l 10.
NEW YORK BUTTER AND EGGS
NRW YOIIK Oct 20 IlUTTKIl Ilecelpts.
031" tubs. Market steady tn firm Kxtra,
4.14c. firsts. 43M444C Other grades un-
ChKo3s Uecelpts. 11.000 cises Market
sten.lv to Arm Extras. 434'74llc, cxtrs llrsts.
44B43c: firsts, 40fi-43e; seconds. .lOSfaillio!
storage flrsts. 344 3Sc. seconds, 834344c
brown. BOO.Ihc. No other changes.
Hosiery Mill Pays on Back Dividends
BOSTON, Oct. 26. Tho Contoocook. Mills
Corporation lins uclnrcd a dividend of 7
per cent covering four quarterly iiaymonu
In arrears, payable o ember 1. to stock
of record October !!). This leavei f21 still
accrued.
PATRIOTISM
ir
CORN PRICES DROP
ON REALIZING SALES
Lack of Adequnte Support Wenk-
ens 'Market After Display of
Firmness in Early Trading
1 CHICAGO, Oct, 26.
Itenllzlns sales In a market without ade
quate support, the short Interest being well
coiered. weakened tho corn market today
after It had hocn firm In the early trading.
Wet weather then caused a fair demand,
us It Is retarding; curing; nnd Intcrferine
with tho already light movement Bcarclty
of labor 1b reflected In slow husking opera
tion! V great deal of nenousnosa soon develop
ed, however, prices moving up nnd down
with the limits fairly wide Shorts had
covered rather freely yesterday, following
ft Meek of a tendency upward and there
fore sellers were numerous. I.ongs took
profits nnd the stronger shorts resold
Sentlmont was decidedly mixed.
St Luis teported twenty-one cars of new
corn todaj and Kansas City expected ten
cars
Tho bears asserted that the worst that
could happen to a short Interert ot this
leel Is a lors of eon to eight cents, while
many things might happen to ndnntago
between now and the end of December.
The high on December was $1.21. the low
It 18s4 and the closo $1 19 bid, compared
with Jl 19 at the end jestcrday. Tho
I i-l on May was Jl.UTs. the bottom $1.12's
nnd tho final 1.13Uri.t3, against
(1 13T4. the tlnnl of yesterday
oats sold off after having been steadier.
Trade was dull. There was somo selling by
hnuses with connections In the country. Of
ferings from Iowa wi-ru somewhat larger
but at prices aboxe tho leel current here.
Tho market at Liverpool wai steady Kport
business In the last throe duvs Is estimated
at inoro than 1.000,000 busheli.
The high on December was C9c; thet
bottom, ii8to. nnd tho close, GSTsff 58iC
compared with 59 4c, tho Iln.il quotation
of jestcrday; tho top on liny was file; the
low. COc, and tho close, (lo'ic, compared
with C0V tho final quotation ot jester
day. Leading futures ranged as follows
Vest
Open
Corn (new dellierj
HlBh Low. Close, nose
i "I i.titi si.10 l in.
peremuer. . i.-o
J.umury
.Max-
1 is's l.lS'a 1 104 1 1,
1 !' 1 13'i
December . r.wjt ."'' r. r.s'4 so.
Mnv 'O's 01 "0 ton's l!tl'
Lird
October .
November
January
121.00 24 1".
24.72 21 li.l
22.SU 121 711
Illbs
October ...27 70 . .
January . 21. .12 22 li 21 !.
Pork-
127.70
22. to
27 50
21 :7
October
111.75
4U.87
42 00
an. is
January
40 117 nil 1,(1
INomlnal.
tlld t.lskcd
DIVIDENDS DECLARED
IVnn Seaboard Steel Corporation, regular
quarterly of SI per share, pusnble Noicmber
l to stork of record
Illinois Traction Company, recular quarterly
of 1 per cent. paablo .oeinber 15. to stock
of rtconi No ember 1
Tradesmens National Hank, regular senil
nnnuul of 5 per cent, pionble Noember 1 to
slock of record October HI.
Kluln Natlonnl Match Company, renular
quarterly of 2 per cent, pasablo Noicmber t
to stock of record October 25
Ainerlrnn !tnllaa Company, reculor quar
tertv of n pr cent on preferred. paati No
Mmber 15 to stoik of record Noiember 3 Hooka
will not close
Sixth National Hank regular semiannual of
- per i ent payable Noember 1 to stoi U of
record ot the close of business todaj
LI44 1 14. 1 12'i
.-.H't .Ml'i fi
mi', iii mi
2 1 fiO
24 15 21 75 24.HO
21 75 22 311 21.72
It was for these and Rosa Varona, "the most ravish
ing creature in all Cuba" that Johnnie Oeilly defied the
sovereignty of Spain and fought his way to fame, fortune
and the heart of the girl he loved.
premier penman of red-blooded adventure, author of "The
Spoilers," "The Barrier," "The Auction Block," and other
stories of love and daring, has written a new novel breath
ing the exotic atmosphere of Cuba in the days before the
Spanish-American War.
Beautiful women, buried treasure, the lure of love and
the thrill of mystery are all to be found in
"RAINBOW'S END"
Daily Installments Commencing
SATURDAY
Aliening
-..A.-'
' ''.i
V" f,1
COTTON PRICES EASY
IN FIRM MARKET
Tone Generally Softer, With
Great Stability in Near Posi
tions Early Gains Lost
ntw yoni:, Oct. 26.
Generally the tona t f tho cotton mar
ket was softer today. A featuro was stabil
ity In near positions. Tho nctlon of October
contracts served to emphoslr. tho dim
culty of getting tho staple here for delivery
and It was predicted that December would
follow tho lead of tho month Just closed.
The appearance of Increased offerings from
tho South strengthened reactlonnrj' senti
ment and Incrensed tho disposition to tako
profits on long stuff
if anything, the tono of the call In the
market was easier, for the highest
prices wero established on tho first sales
nnd before the end of the call declines were
started. May was down 3 points, but other
months wero S to IS points net higher.
After tho call the pressure continued nnd
by tho end of tho first ten minutes prices
had fallen 15 to 20 points on tho near op
tions as the demand seemed to diminish.
Tho weather map showed clear conditions
In tho west and cloudy ln tho cast, with
precipitation In tho central portions of the
belt.
Tho early decline carried nctlie months
nbout 18 to 24 points under last night's
closing figures. The South was a freer
seller, and there werev reports around the
ring that while the basis was no easier,
larger blocks wero being offered In parts
of tho eastern belt.
The relative strength of December, how
el er, had a tendency to check selling ot
later months nnd the market steadied due
Ing the middle of tho morning on coloring i
nlso tho tono was unsettled.
Vestcrda's
close Open
HlKh I.ov List
October .
liecember
.. rv
Mirclt . .
May
Spot . . ,
. . . 211 III
27 bit
il it i
. . . 2d.nii
. . 20 4 S
. 2H.II5
27 70
"7 111
211 7l
20 50
27.11.1
27 111
20.70
20 50
27.45
20 70
20 20
2d 17
27.70
211 11.1
2II..HH
28 05
Extra One Per Cent by Solvay Co.
SYilACrS!:. N". V, Oct. 26 The Scliay
r-roi oss. Company has declared tho regular
qun'terlv dividend of 2 per cent and nn
extra of 1 per cent
SEASHORE
411581'
LVKKV M'XDW TO
ATLANTIC CITY
OCEAN C1TV HC. S,K CITY "TONi: IIARUOK
, IVIMinilOIl CAl'Il MAY
CI fill ""IM' 7 SO A, M FROM
r' -"- TBII1 I rilKITXl'T OR SOUTH HT. TCBHY
ALTCMN l.l:.r RXfTRKIONS TO
MAUCH CHUNK T"E s 0F
. A m ERICA
IncludlnK ride via Carbon Transit Company to Ilncstuir nnd
l.elilsliton nnd return
SATURDAY, OCTOBER 27.
Special Train lejies Terminal 8.00
rtfl - ROCVI) ) ' '..
A. 51.
P-..LIU TRIP
IttinllnEdon
liinrtlnn
X. M
PHILADELPHIA
HEir
BEACH
in the
JS
Je-fc2L
HfTlffivlrilW.i i ft A
Financial Briefs
The N'ew York Subtreasury gained HH,,- t'
000 from the hanks on -Thursday, reduC "-,;
Ing the cash net loss since Friday to
12,141,000.
Gross earnings of Ihe International
Nickel Company for ln months ended. Sep
tember 30 were 17,041,849, compared wit
17,776,145 for the same period ' the pfsvloiie
year. Total lncomo Increased 1116.497.
with net decreasing 11,610,974. Balance '
was 14,484.390, against' 16,076,859, ,or
decrease of $1,592,473, This Is equal to
J2.68 per share on 141,814,600 common ,
stock (par value (25) earned for six months ,
to September 30. against 11,0 4, earned for
Hlx months to September 30, 1010,
e
Joseph J Ocer and Kobert Ritchie have J'V
been elected directors of the Peoples Trust
Companj-.
September gross earnings of the Hudson
nnd Manhattan Railroad were. $508,219,
against $475,988 during September last
year, or an Increase ot $32,231, Net lit'
come Increased $6104. Gross earnings for
three months were $1,484,579, an Increase
over the corresponding period last year of
$113,941. Net Income for the six months
Increased $7280.
Tho South Porto nico .Sugar Company
reports for tho year ended September 30
gross of $10,690,741, an Increase of $2,294,
179 over the preceding year. Balanco for
the j-ear decreased $L251.'667.
Tho Interborouglt Rapid Transit Com
pany repcTts for September gross ot
$3,073,471, compared With $3,007,107 for
the same month last year. Net for the
month decreased $294,6.42. Three months
gross Increased $519,720, with n net de
crease for the period of $399,964,
AVells, Knrgo ei Co. report for the fiscal
venr ended December 31. 1916, tbtal operat
ing revenues of $25,734,723, against $21,262 -243
for the year ended December 31, 1915.
The Incre.ise Is $1,462 480. Operating In
come Is $3,043,394. n gnlu of $657,898, com
pared with the prevltvua j-ear. Total net
Income Is $4,289,739, against $3,453,801.
and Is equlialent to $17.89 a share earned
ln the first fiscal period on $23,967,400 capi
tal stock, as compared with $14.41 a share
In 1915.
BAR SILVER . '
Teater- Last 1917
Today day Pel. High Ixjw
inenrel 424 41 'i 42N R5
S.Ml
71i
New York (cents) Sl S2H 83H 108H
4&mm
mmmmsmaMmBMwmmmm
EXCURSIONS
voiumuia ,ne. B.ofi ,. .11 ,
M 8.10
A. M.. IVotTie
8.IS A. M..
Jrnklntonn 8.2U
& HEADING RY,
SrBWffWBBtHLiVtKJPN
XMfSiiijIM'
Treasure
Trove
Chests of Spanish gold, pearls
as large as pigeon eggs, dia
monds and rubies and enter-
aids from the crowns of by
gone kings
1
.s
l
J
'fr-A
-ym
Mon
4 W
VeWHBfc va
u. S
X Cu
rcw' -v
O.
Mr
r. '.-J - "
, k
l'b
r . 'b$isM,'- i iLAw!MBnLf, 'i