15VENIKG EEDOEK-PHILADKLPHJA, SATORDAY, OCTOBER 27, 19lV FINANCIAL NEWS NEW YORK AND PHILADELPHIA STpCK MARKET QUOTATM A jn fc, i OUR MEN IN KHAKI ARE ALL DRESSED UP AND KNOW WHERE TO GO. WITH SMILES ON THEIR LIPS THEY ARE GOING INTO THE 'UTTER HELL OF THE TRENCHES. AND THEY ARE GOING TO FIGHT THIS FIGHT TO THE VERY FINISH. YOU WILL CHEER THEMWHEN THEY GO, AND TEARS WILL BE VERY NEAR; AND YOUR PRAYERS WILL GO WITH THEM. WON'T YOU DEAR YOUR SHARE OF THE FIGHT, AND BACK THEM UP WITH ALL YOU HAVE? THIS MORNING IS YOUR LAST CHANCE. SUDSCRIDE. "BREATHES THERE THE MAM WITH SOUL SO DEAD WHO NEVER TO HIMSELF HATH SAID THIS IS MY OWN. MY NATIVE LAND!" REILLY DROCK &. COMPANY Service Day and Night You may wish to sub scribe for the LIBERTY . BONDS after banking hours ; we are open every evening until ELEVEN O'CLOCK. The Colonial Trust Co. Market at Thirteenth St. Charles J. Bender & Co. INVESTMENT BONDS Members Philadelphia Stock JZx hange NORTH AMERICAN BLDG. - DIVIDENDS UtAMvl.l.S .N.V1IU.VVI, 1MV Chestnut M. tt of llruud Philadelphia, Oct. JJ. loir The. Directors have thin day declared a umi. -onnusl 'J J1"11 of ,',n .,"r.,.f.n' ,,oeS free of tax. payable" November 1. 1017. to etockholdeij cf record at the close of business October Jl Cbccka will be mailed. J- Wll. HARDT. Cashier ti7k HIVTII NATIONAL llM j-nuitufipniH i-ictoner mi 1017 The Directors have this da declared a ..ml. annual dividend of Ate per rent, free of ta payable November 1. 1017, to atnckhnld-re or record nt ilose of business October 2th int? Checks will be mailed '" ,B,T WILLIAM SALTER. Cashier Till; (JIKAltl) NATIONAL llAMv , i-nlladelphla. iJclober 14 1UIT The Directors have this day declared a dlvl. $nl,S'.-,'ll.nt pr, FV "2 Pb'e Noiember 1st. 1917. to stockholders of record at the close I business October 24 Checks will m mailed. , CHARLES M. ASHTON. Cashier. STEEL TRADE BUSY ON FEDERAL WORK Market Stagnant So Far as Do mestic Orders Are Concerned. Difficulty in Shipments NEW YORK. Oct 27. There Is nothing' to the steel market except Government business. The leading authorities state that so far as domestic erflers are concerned the market is stag nant, but the contracts being distributed by. the Federal authorities are sufficient to Lcep operating, officials act he. What is receiving, perhaps, the greatest attention from the steel Interests Is the continuation of unfavorable conditions on the railroad lines of the country, many plants being: affected by the fact that the finished product cannot be sent out of the yards, and this has had a tendency to cur tall operations to some extent When men have been laid off they hae left the vicinity of the steel plants and takentemployment elsewhere, the demand for labor being large In other quarters, and th(shas resulted In a lack of sufficient operatives when It has been attempted to resume Operations at some, mills. The selective draft also has reduced the , working forces at many p.ants, and It Is , true, therefore, that the production of steel during' the last month or so has not been up to what It was previously. However, the request of Jude Gary at the semiannual meeting of the American Iron and Steel Institute. In Cincinnati, that steel produc tion be pushed, is expected by many to bear fruit Additional prices are to b fixed by the Government authorities, and It was the opinion early In the week that an announce nt would be mads before this time. Judge Uary was In Washington at the end of last wt and mads, recommendations on varl w mducts, but thus-far official approval rssmea -shu noi oeen, made. AMnj i - i I a .. novenssessn ,iuohb ior in mm .1 .' X. V.. " "" "- . II !! as tks) smussl. fi. t ffTusavnS. PRONOUNCED STRENGTH MARKS v TRADING IN NEW YORK MARKET Marine Issues Lead in Advance, With Preferred Up More Than 10 Points Steel Group Shows Good Vigor High Points in Today's Financial News Pronounced attaint h developed on Xctv York Stock Exchange. Marine preferred Jed, .clth pain of 10 points Cuib sharei Improved. Corn and lotion toner, rorclon exchanac shotted improvement. Xcw York bank statement for the tccck showed a big increase In loam. Clearings for the neck aboie last year. Bar silver unchanged In S'av York and London. Ni:w YOUK, Oct. 1!7. Pionounccd strength was shown In the stock market throughout tho two hours of trading with which the week ended, with n number of stocks Influenced by special developments nml making substantial pains The Marine Issues were the most prominent features, with Mnriito preferred up more thun 10 po'nts, most of the bujlng of this stock being bused on current leports that within n few- ilaB the committee will announce the plan for the settlement of the 8S per cent uccu tnulotcd dividends. The common stock made n gain of 2 to 30, nnd Atlantic, Gulf and West Indies followed with n guln of 23 to 10.'.',. Next In order enme the steel group In which there was nn Increased demand which was most pronounced in United States Steel common, that stock moving up 2',i to 107. This btivlng as accompanied by positive statements that divi dend pajments would be maintained at the rate of 17 per cent Bethlehem Steel "B," Cruclblo Steel nnd other steel Industrials nlso made gnlns of 1 point or mole. There was a more cheerful lcvv taken of the rallioad outlook, investment bujlng being n factor In causing udvnnces In n number of established dividend pavers, with Canadian Pacific finding support fiom Interest and moving up 1U to 1-45, nnd t'nlon Pacific, which closed vesteida.V nt ln, advanced to above 110. The copper stocks shaied to n good oUnt this display of strength, with Utah Copper advancing 1 to 82, nnd Anaconda ioo 1 point to C4. The speculative mood us n result of this dlsplaj of strength ber.imo distinctly bullish, with outside bujlng an impoi'tnnt fact In the Iialf-d.iv's trading. Most of the business In the bond crowd was concentrated In tho Liberty S&s, which vere dealt in on a largo scule at 99.00 to 99 94. Oversubscription of War Loan Gratifying The Wni: street district this week hns been subordinated to the necessities of tho war loan Tho finish has been of the hurricane variety, nnd tho suc cess, while remarkable as an evidence of the nation's wonderful resources, Is no better thun has been so confidently expected The huge oversubscription Is gratifying. Had thcie been liny ical b.ick waidness shown It would have meant that still moie attractlvo teims would bo required for the distilbutlon, sny three months from now, of the next Government loan. A disappointing subscription would have meant nt least a 44 per cent rate. Into which tho two Issues ulreadj offered would bo convertible, thus placing the national credit on a 4H per cent basis. In view of tho week's developments, It nppcars fall to nssunio that It will be possible to distribute another offering of $3,000,000,000 to $5,000,000,000 nt 4 per cent. It certainly Is to be hoped that this figure Is not to be Increased, In view of tho effect such Kcrease may quite leabonably be expected to eeiclso upon deposits in savings banks (which as a tulc do not exceed 4 per cent) nnd upon similar channels In which popular savings are more or less permanently deposited New Savings Are Needed Most ' It is new savings which ure needed most for financing the war. Trans ferring from old forms of Investments to Liberty Bonds Is not as effcctlvo ns the production of new wealth new capital by means of stilct economics and the consequent creation of n surplus. The severe declines that have taken place In Stock Mxchange secuiltles may, of course, be considered n part of the Inflation that accompanies war. Capital, not unlike labor, is demanding higher wages to meet the iuci easing cost of necessities and luxuries. Theie are many who live vvholb or partly upon their investments. These incomes todaj are by no means as effective in thcli pur chasing power of life's necessities or luxuries as they were hefoie tho war. Hence a constant Inducement to Incie.ise the return by tinnsfenlng to securities whose leturn Is better. Money todaj Is Insisting upon higher wages. In the caso of bonds and similar securities, tho higher return can be In creased only by a i eduction In tho price of the securities In the instance of shares, the natural course would seem to be an increaso in dividends Unfor tunately, the high cost of labor and materials necessniy for upkeep and operation renders dividend increase prospects i emote Thus Stock Exchange quotations have been forced down to make the older dividends pay relatively higher returns on actual Investments. It follows that the more attractive Government bonds become the greater will be the incentive to sell out other securities. Railroad Liquidation a Feature Liquidation of railroad securities of the highest grade has been a. feature of the week. Union Pacific has been sold very freely and Its price has declined sharply. There appears evidence of a movement to single out one Important stock nt a time, which In 'turn suggests operations of Important professionals operating on tho shoit side of the account. Within the last few weeks It will be recalled similar movements have developed, notably In Delaware and Hudson, Louisville nnd Nashville, Atchison, New York Central nnd Chicago, Milwaukee and St. Paul. The trouble with railroads at the moment appears very largely that of the dog with a bad name They are under a cloud, though It Is slg- ' nlflcant that our gieat industrial corporations are today being brought grad ually under the same condition that Is responsible for the unpopulnr!t of rail road Investments That Is to say, the Government as a war measuie, it Is trUe is fixing selling prices, without at the same time affording adequate relief In the way of costs of labor or mnterlals The railroads are choked with business They nio being operated scien tifically as one great national sjstem by a board compilslng the most ex perienced railroad experts In the world But labor Is going higher and higher, nil forms of operating materlnls aro at Impossible prices, nnd yet the same le stralnts upon selling prices of transportation that were current before the war are being exeiclsed The threat nlreadv Is made of further demands by tho labor unions for inci eased wage scales Meanwhile the eastern roads hnve asked for a reopening of the decision ns to rates filed by the Interstate Commerce Commission last June which permitted a number of comparatively minor In creases Presumably after tho hearing, which begins on November 10, there will Le some adjustment provided to meet the higher costs; but as Already noted, labor Is taking definite steps to secure still higher wages, and If wo may Judge by the lamp of experience, labor will be successful. This, not unnaturally, Is a situation that does not favorably appeal very forcibly to stockholders. Election an Unsettling Influence The election seems to have entered as an unsettling lnfiuenco In the gen eral market. Evidence has been growing that the Socialist candidate for Mayor of New York will make u remarkably strong showing. His friends are confident that he has a very good chance of winning, though possibly none but nn en thusiast would agree to such a forecast. Nevertheless, the fact is being brought home in a striking manner to tlnnnclal Interests that tho socialistic movement has been advancing, that in fact It has assumed a position In the politics of tho metropolis In which It can by no means wltn confidence be Ignored. INACTIVE NEW YORK STOCKS Tollowlng ore quotations for Inactive New York stocks and In which there were no transactions toda Tho price glen is wie iaBl .Cwuu .... 13 on . ,jax uuwu . ::.. .. -. .-. .; Allls-Chslm prer. M riueit.i'n-iiY pj A II H ft V rts ft tut A II H ft P pref. 11W Adams r.xp" ..." Advance Ilumeiy. Adv llumely pf . AJax HUDoer V t U.W . . 11" Am Ar Chem. WJtt Am Agr 'hem pf I'J Am lle-t Hurar pf SJ Am Cotton OH. . i-1i Am Bxpress . Am Ice prel . Am Unseed pref Am toco pre!.. Amer IH ; Am Mlt pref Am Smelting .. Am Hmelt pref A Am Hmelt n .. Am Sme t pref. a . st1 VAv. . . ... hi..av iref. 1IR ?" :."-.'..ri Am "m'i;kK.Sii rhi Alton pf swvs. Chi Ot West. ; Chi Ot We.t prjf 22 C M . Bt T pref SJ1! (hi ft-N VV pret 113 C II I ft I '1 P ,, nref t c . "" 10! HA 4H no 08 lfiS ns KVi iiJH HO I"4. H1"B Col ft fio 1st pref. MS Col ft South ... Col ft H Sil Pref - RV4 Con O B I. ft I' i2. Con Int Cal Min con csn prei Cont Csn . Continental Ins Corn Prod pref trMttl riteel nf Cuba Am nucar.iiu Cuba Am Rue pf.102 Iieere Co prer un lien ft n a " Petri". Hrtlenn, i:iei fltor Hat. Erl Si pref.. , Oeneral Clear . clen CUrar pref den Motors prer, Goodrich H r B47 01U nn$ ..15, . l'S'4 in 43 Am Tel ft cspie..-; ,, s-;;:k ,. w y inn Am T ft T aa w.iii y-"-- u- , -- -., Am Tobacco .-" Am Tob pref njw AmV.-oolenprei.. Am Writ l'aj Pf, 3 Aaso O 1st P. Sf Asso oil ...... i Atl Dlrm At. Hald lAto pref. Itarrelt Cn nrtf. -n.tnnllaa Mln ;. .. -v... . . a. feiu rtieei yret .. w. leth Steel rts ...,..H lirkn Un das ...1JJ Ilrnwn Boos . -. JJ.. Ilutterlck, ,,... . I"' Cal Parkin Co . rf retpoleum 14 Cal Petrel pref 8 t al ft Ho 1st pref R'l "IVJ in 08'i lux X nnt irdv Ha Cent Leather pf rent H Am Tel Chandler Motors. fbeii ft Ohio. CuiA Alloa .. It T 10OH 1UV, so tlreene Can Cop.. S9' null H nil 1st pr.ioi lartman Corp. ,. J laskell ft Darker SH javana Eleo , . . .101 Inmeetak Min .1II7H I1Id6Is Cent ... loon ntJurv of N J.llo. , n'lfar of Ni Pf.UlH nt Nickel pref.,103H nternl Taper . 25V4 ut Paper pf sta. OOH owa Central ...,H oirs Cent pref.. 101 van City 80 pref S3 .ak ICrle ft W :x ,k Krle A w pref 2 :e Hub ft Tlrt . IS Irfhtsh Valley BS Lis- ft U Tob. , .200 1.1c ft M Tob rls V, I.oni 1st rtfa pf 40 S St V ft 88U pf 11T Hr ackaif ,...,.. T ltd sckay Cos we. H Hti Minhullan llaeh 1 Manhat Kl l"3'l Max Motor 1st pf ' May Dept Storea no's May Dept Strs pf 101 Mex Petrol pref ft Mich Cent ...119 Mo Ken ft Tet -1,, Mo Kan JL T pref Htt Mo l'ao pref 40, Morris ft Kseex . S11W Wo-rt: t of HVi M St P ft 8 S M 03 Mont Power . 14 Mont Power pref 107 Nat Acme 30V Nat lllscult pref 114 Nat lllscult 07'. Nat Cloak ft Hull it-1-! Nat Clk ft St pf 10ii Nat Enra ft Hip pt k4 Nat Lead 4U Nat Mad pref, 100 N O Tex ft Mex 2J Nt nil Mex 1st pt 4D Nt It R Mex pref. 40 , Nt HR Mex :M pf SOVi N V Dock. .. llS N T Air Urake. Ul N Y Central. 71V4 N Y C ft 8t I, .21 Norf ft Poutn... 21 Norf ft tV'est pref .' North Amer .... 49H Nova Scotia Steel US Ohio Fuel ....... 43 Ohio Clss rts...... S3 Owens Bottle .... 83 Pan-Am Pet pref Do Pan.Am Pat nrlor pref Ct OS p r. c; ft Kt I. ,. cu Pea ft Kast 1 Pere Marq pref 3D Phlla Co ... St j'lerce-Arrow . . . Si . Plercv-Arrow pref t)3V Pitta Coal pref HlH Pressed Steel Car 0 Pub Serv Corp 1UU liuraan-Pal car 34 Hr 811 Eorlnjci Uridine- 1st .si Keadlna sM pref; ST Itrp I ft H pref O8V1 uojal Dutch l.il Kt I, ft 8 K IT'. Ht 1. ft H V pref 24 rt 1, ft H Vv pref 39 Seaboard A I, 10U Seaboard A L pf 2(t I New York Stock Sales ONLY A SMALL TURNOVER OF STOCK OCCURS ON PHILADELPHIA EXCHANGI Steel Common Advances More Than Point but Ofr,J Chanp-PH Avp Fpw find SrYifiiiPoVu: ' hew1 Asks Extension of Bonds ' ' Steps Incidental to tho tran,f.r n. 1 ty of the New Jersey corr at H cnnsshanln rnr .i. ' ra"c" to tl? lllnh 3i 7.V4 43 20T 1.11 40 Ol's -90 - So P Rica S Kears-Itoebuck . Sloss-Shelf South Rwy pref Standard Mill... Standard Milt pf Stutx Siotn Sun Steel laf ..'... Texaa Co rts. .' 114 Third Ave . . m Tidewater Oil o Tobacco Prod pf. tisti .njue-VVIm. TS,TI.tVvCnf'S Twin City R T 7'4 tinderwd Type pf.HS. United Alloy Stl 40 United; Dru . , . t'ntd Drua- id pf, 78 United Fruit .lio I'nlten Pap nrd.. SO United Hy lnv. . . 7',I U H U I P ft K pf 80 U fl Express.... 18 U 8 Realty Imp 18U V S Ilealtir Im"Bt JS1 U 8 Rub 1st pf.,101'4 II 8 m II ! I. R7V4 Utah sen Corp ,, 30' intra pr 104 . . . N nrer jk. Welis-Ksrsa . , West Md West Md 2d of West Pso K II , West Union Wheel ft Li K Wheel ft J. E pref 21 White Motors ,, 13 Wlllyft-Over pre. M VllsA Co tl....iKi Woelyrortb. .....1J0 Alaska (lid M Alaska Juneau Allls-Chal Co. Am Hoot tiugar Wni Can . . . Am Car & l-'dy Co 61 Am int Corp . . . so Am Hide & heath 12V4 lo pref . . ns Am l.lnsced . ai Am Locomotive . so Am Smeltlne ... 87 Am Sum Tob ... 80 M Am Sugar 107 Am Tel & Tel 11414 Am Wool . , . 41ii Am Zinc & J.ead. . li!i uu jiret . ... Anaconda .... Atchison do pref . Atl tlulf & XV I do pref Bald Loco Co . Halt & Ohio do pref Barrett t'o Beth .Steel It do pref t c . Brook Itap Tr Hums Bros Butte & S r Canadian Taclflc Cent Leather . Cerro de I'axco . C JI & St 1' Chi & X XV . . CltUPlP . do 7 i c pf t c Chili Copper 104 iii no con Copper 44 t cl l-ui-l S. Iron., son, loi tins el i;icc . I'onvol Coal Corn Products . Crucible Steel Cuba Cane Hub . do pref . lel & Hudson ! L ft XV. nisllllers' Secur i:rle do 1st pref . . . Oaston-Wms . Cen Klcctrlc . Cen .Motors Coodrlch B 1 Orc.it N'orth pref. . (Jt .Vor Oro subs. . Culf Kt.ite Steel.. Int Aurlcul do pref . Inspiration Cop Interh Cons Corp . do pref . Int Mer Murine . do pref . Int Nickel . Kjums City South 17'. Kennccott Copper 3t Lack Steel . 81 LIB A. M Tob pref 10s Loulsv & Nash lit) Max Motor . ?.i"H, do 2d pret I0V4 Mex Petrol 87 Vi Miami Con Cop . 3iy, Minn i. St L lieu 1 1 Mldvale 401i MIt.ourl I'nc 27 Nat Con fi. Cable. 24 Vi Nut Biscuit . . 03 Nat Hiiam & Stpd 40H Nov Con Cpr .. ISVi N Y N H & H 37 N V O & W JOWi Nortel West .107 Northern Pacific . p-.i Ohio Oas . . . 301i Ontario Silver . . 4 Pacific Mall . . 2(1 Penn.i U. It . ... aoi.4 Pen Gas & C . ..41 Pere Marquette... I7ii P C C H St L ... (11 Mi Pitts & West .. 21i Pitts Coal 48Mi do pref 8SV4 Quicksilver .... 1 do pref 114 Itav Con Copper.. 33, r.-adlnB 11Y. Itcp Iron & Steel.. M Sion Motors ... 7 , St L S F 17V4 S.-tvafio Arms .... 01 V4 Shuttuclt Ariz ..21 Southern Pacific. 88 Sinclair Oil 3S1-& Southern B n. . 27 Sup Steel 37 Mi Studcbaker . 40K, Tenn Cop & Chem 13V4 Texas Co 147 Tobacco Products 3T4 Undnvd TwtB Co. 03 Union Pac 120 do pref IHi, VIA Cigar Stores 03Vi ftd Hy Invest pf. 16 L' S C I P & Fy . 13 U S Ind Alcohol 110 U S Ind AIco pr 08 Vfe U S Itubbei 88M1 IT S Smelt & Hef aV U S Steel 107 do pref . 114 Utah Copper . 8Ti Va Car Chem 31 Wabash ptcf B 22 Mi VTestlnghouso Mfg 42 Mi Worth Pump i. Ma 31 WllFon Co . . 56 V, Illys-Overland .. 23 Wis Central 40 4. 04 Mi 0-T 00Mi 10 oo 63 iiy, 0IV4 07 B 100 53 H 106 10M1 14SV4 74 Mi .12 47'4 100 sty, 57 34 no Mi 31 68 32 Ml 8IMl 00 Ml 104 381,4 my. 2 7 Mi 34 13. O'V 0U 100 20 - not, . - 10 . .18 46 - 7 . 47 . 30 .101 - 2P, I.OW 34 3 I1V 77 41 68 V BMd IS Mi MVn 24 y4 50 say, 50 105 113 4IMI 1.1 43 03", ft 03V4 Ofll-4 103Mi 50Mi 61 57 6 1 Mi 01 84 V 100 50 lot Mi HMi 141 73 .11 46 100 21 56 Mi 16 43 38 33 00 3(1 Ml 66 U 31V4 82 00 Ml 101 37 18V4 264 .11 132 01 Ml 40V4 00 28 Ml 06 10 38 4 7 46 28 04 20 1 7 Ml 33 Ml 80 101 110 3 1 Ml iomi 8 6 Mi 31 II 40 27 24 Ml 03 , 40 184 27 20 107 05 38 t 21 50 41 17 Y 61 Mi 24 46 82 Mi J IVk 22 7.1 80 7 17V1 6t', 21 87 33 27 37 30 11'4 141 5S 01 110 75 02 Mi 10 i-Mi 116 08 58 51 105 114 81 31 22 41 .11 55 22 Vi 40 Mi Net the Close S .. 3 Va 23 4 Vt 77 4H4 43 Y 07 1 60 3 12 4 55 2 24 80 1 87 1 80 106 3 114 1 44 13 . 41 1 04 1 03 1 00 .. 10.1 -f2 00 6.1 2 A7 61 1- 03 2 V 4.1 100 51 1 106 2 . 10 . . 114 74 1 32 47 1-1 100 21 57 I 16 t-1 ',4 30 1 31 00 2 30 07 1 31 83 2 Oil Ml -I 101 - I 37 16 26 ) 4- 31 13t -1 1 03 10 Xi 100 20 1 06 f2 10 1 38 46 t-t 7 '4 16 I 29 1 103 Mi 0 20 17 31 81 H 101 "h 110 1 32 10 87 1 31 II 1 46 4- 27 4- 2 I Mi -r 93 40 4- lMi 4- 27 in - - 10; j 1 05 Mi 4-1 30 4- 4 "26 u 50 4- 41 4 I 17 4- M 61 .. 2.1 4- 48 1 2 4-1 1 Hi 23 7n 81 7 17 ... ot 4- 21 87 .13 4- 27 4- 37 Ml 40 4-1 13 .. 147 4-4 5.1 4- 03 1 120 75 .. 03 4- 16 13 4- V4 116 4- 08 . . 58 Mi r 51 106 2 114 4- 83 2 31 4- 33 4- 13 31 4- 53 23 4- 40 t SPECULATIVE ISSUES ATTRACTIVE ON CURB Losses Sustained Early in Week Partly Regained Buying Power Is Reflected 4- 4-1 4-1 Totnl fnle, 340.000 share, compared viltli 521. 30O khureH jftenlni tliua fur thin virek, 1 016 toil lnrei name period lout week, 4,271,. 200 shares. SCARCITY OF BUYERS SENDS COTTON DOWN Lack ot Competitive Offers Causes Weak Tone, With Losses of 13 to 33 Points , Utah 8eo Ji Va Car t Wabash Wabash NEW YOnK, Oct. 27 Buyers were scarce at the opening of the cotton market and competitive offers, mainly from southern Interests, caused a weak tone, with prices declining 13 to 33 points. Not until materially lower levels had been established did tho demand at sume a recognizable proportion A renewal of selling by the South helped depress the market. Reactionary talk around the ring continued. One of the features of the trading was undoing of De cember and March straddles to take profits. Then spot houses and some of the up town Interests purchased to a moderate ex. tent Commission house and Wall street firms had orders on the selling side through, out the call Weather conditions In the South showed Improvement, It being clear everywhere, ex. cept In Arkansas, Louisiana and Tennessee, where rain was falling. Temperatures were considerably higher. Cotton receipts at the ports for the day are estimated at 38,000 bales, against 40,. 751 a week ago and 47,544 bales a year ago. Yesterdav's close Open Jlleh December 27.70 27 60 '27 60 January . 26 i in sn . so March .... HI KJ 26 SI 26 44 May 0 30 6 15 6.20 Uput - 2tf.tl3 .. . Tnw. 27 18 2ii nn 26 27 0 00 Last. 27.28 6 117 11 32 6 0(1 Cotton Statistics NEW YORK. Oct 27. The statistical post- tlon of cotton Is as follows: . . ... This week Last week List year Total visible supply 4,400,727 3.304,1178 4.5.11,886 Of which American .446,027 ,63,078 3,730.386 Total In sight Oc tober 0 3,80,S8t 8,064,418 4.028,007 DIVIDENDS DECLARED Pennsylvania Coal and Coke Company, nuar terly of 1U per cent. paablo November 80 to atorlc of record November 6 Middle West Utilities Company rejrulsr quar terly of II 50 per share on preferred, parable December 1. to stock of record November 15, American Utilities Company injular of lti per cent on preferred, payable November 10. to stock of record October tl. j.8,'0.".1 .Wanufacturlnt: Company, monthly dividend of 15 vhars, payable, November 1 to toc4j of record October 24. - NC1V YOniC, Oct 27 There was a steady tono to the trading on the JJroad Street Curb today, with nearly everything In which there was spec ulative Interest showing some amount ot Improvement. Losses which had been sus tained In tha previous part of the week were partly regained and there was n broader demand ; the Increased buying power was not fully reflected In price movements Aetna Hxplosivcs was the most active feature, being heavily traded In at G ii 6 14, and there was a good demand for Maxim Munitions nt . Wright-Mar-lln was fairly well held up, with sales nt 8a;W8'4 There was further evidence of quiet ac cumulation of Triangle 1'llm because of the definite statements In regard to the progress made by the company nnd on Importance attached to tho absorption of a number of other companies, tales of that stock being made at 1 and 1H. United Motor showed a better tone, helling nt 0 nnd 20s. L'lec trlc Iioat sold at 15 V& All tho oils wcro In better demand at moderate advances, with Midwest Heflnlng selling at 138, Oklahoma at 7i and 8, and Metropolitan at 1C-16. Mining stocks were tiulet, onlv a few transactions being made In that group, among them being Big Ledgo at 14 and 1", and Jerome Verde at 1 1-10 Some sales of tho new Liberty Loan were mado at 100 INDUSTltlAI.S Hid Air Induction 77 Aetna Explosives 014 Am llrll Mfg 5 Am Marconi . . 2 American Wtg Paper. . 2 14 Canadian Car Co 17 Can Car fc Fry pref.... 47 Charcoal Iron 7 Chev relet Motors 73 Cramp 75 CurtlFS Aeroplano 31 Carwen Tool 0 Carbon Steel 70 Knierson Phonograph . 5 federal D.v e 5 Hendee Mfg 20 Inter-Lube Chem 31 Kathodlon Bronze pref. . 1 Lake T01 p Boat t Lehigh Cbal Sales (It Lima Loto 50 Maxim Munitions Marlln Arms 01 N Y Shipbuilding ... . 33 Ng- Amer Pap Pulp.... 2ni Oils Klevator 48 Peerless Motor II Poole ling 70 Hodden Truck 15 Kcrlpps-Uooth 18 H S Kresge w I si Standard Motors ..... 8 .Steel Allo.vs 7 Submarine 1514 M Joseph Lead 1.114 Todd Shipbuilding 70 Triangle film 1 United Profit Sharing . . '4 U S Steamship 3154 United Motors 21 United Sugar 30 World's film Wright-Martin Air 8 Zinc Concent 1 Yes rlose Ask (Snlc) Hi 10 3 .1 21 53 8 70 80 .1.1 10 80 5' 10 .10 Hi 70 55 T 00 31 3 52 It 80 DO 0 in 1(1 V. 80 1M. I l'4 33 '4 78 Old 31 4V4 10 STANDARD OIL Illinois 200 201 Ohio 310 320 Prairie Pipe 240 253 S O Cal 325 2.10 S O N J 531 340 SONY 350 253 INDKl'ENDK.NT OIL STOCKS Barnctt Oil & Gas lj iijj Cosdcn Oil Cosden & Co 8V6 i:ik Basin 8 Vi federal Oil 3 Inter Petroleum .T. itV4 Houston Oli 18 Merrltt Oil 83 Midwest Itetlnlng 137 Met Petroleum Ohio Fuel . . Oklahoma eflnlng Osage HomRlny . Itlce OH Sapulpa Refining , Sequoyah Sinclair United West It 15 7Vi 74 Vk oy, v 15 MIMNfl hTOCKS Alaska Standard 5 Atlanta 9 Big Ledge IX, Blsbee Copper (a pros). , Butte Copper & Zinc... 8V4 Butte New York Cat & Jerome 1 1,4 Con Ariz 1 ', L'mma Consolidated .... f. First National 2 Goldfleld Merger 5 Goldfleld Cons 45- Goldfleld Florence 13 Goldfleld Kewanas 8 Green Monster , Hecln, Minings B',, Howe Sound 4 Independence Lead 5 Jerome Verde 1 Jumbo Extension 20 Magnate Copper ..,,... McKlnley-Darragh 55 Magma Copper 43 Mtther Lode 32 Mines Co of America... 1V4 Nevada Hills 10 Nevada Wonder 194 NIplBslng 8 Ohio Copper 1 Kay Hercules 34 San Toy 11 Ftewart yt Tonopah Kxtenslon .... 2 United Verde 33 West Knd Con 70 White Oaks 3 White Caps 1 Yerlngtpn -16 BONDS Bethlehem 6s 07 Cosden Oil 6s 82 Cosden & Co 6s 82 Cudahy 6s 04 Liberty Loan 4s 100 Russian Govt SVjb 60 Russian Govt 6V4s 70 Southern Rwy Cs 00J4 Sinclair Oil 6s 03 Todd Shipbuilding 6s. . .100 8', 8y, 3 13 20 34 130 li 10 8 8 V4 10 1 17 10 1(1 IV. 8V4 i 1 li SH, 5 48 17 10 . n 5V 4?4 7 "T4 50 45 31 14 12 2 814 1 34 13 0-33 3V4 31 72 H .18 114 8 '4 3V4 1314 20 3174 140 714 714 5-33 oy, U Vt 04 114 84 Hi Ml U 3 54 43 1) 64 4 1. 20 68 li 34 a 84 1 0.33 24 70 18 08 86 80 07 0.' 72 0JT4 103 71 Cotton Buyers and Sellers NfiW YORK. Oct. 27. December Schlll Abraham, Rlordan and Newman bid ; Mc Knany, Wilson, R. Hubbard, Glfford. Wat kins and Fllnn offered. January Martin, McFadden, Wachsman and Segal bid; Mitchell, Wilson, Lowen stein. It, Hubbard. Watks, Russell and W. Oumoens offered. March Downs, Hentz, XV. Gumoens. Hy. man and McFadden bid ; McEoany, Wachs man. Watklns and J. Jay offered. May Hyman. Gilford, Ttusseli, Burnett and McFadden bid; Harcorn and C, Hicks offered. July Fllnn bid; Hentz, Judson and Wachsmin offered. Meat Shipments Decrease CHICAGO. Oct 27 Shipments of fresh and cured meats from Chicago during tho week ended October 27 totaled 40,923,000 pounds, against 47,808,000, pounds the previ ous wen snu j,.ii,vih pounds tno enme WM J There was very II ttlea business transacted on the Philadelphia Stock Ilxchange during tho short session today, and price changes were few and small. Virtually all tho trad ing vvns In United States Steel common, ronopnh .Mining and Pennsvlvnnla Rail road Only a small turnover occurred In hteel, however, which was the most active ssiie dealt In. but It added 114 points to Its price This was tho only Important change In the stock prices Tonopah Min ing was unchanged and Pennsvlvanla nnd Heading picked up a trifle on a small amount of trading Rapid Transit trust certificates showed no momentum, but lost n quarter to 26i. KleptHn Rlnl-nr. ll.ii.... 1..,.. .-.... ,-, . -.u...n,; J.ni:i3, jnnui iiiicu uiu- pany of North America nnd Warwick Iron and Utn.l ,,.. !. , -..,-, .,., .... u.vt, c,a rum in nmireu quantities, with no chnnga in their prices Lehigh Navigation was n little lower, nnd Lake Superor gained a quarter Liberty Loan Ji4S were dealt In lightly, but added a trifle to the closing prlco of last night, advancing to 99 92. Pcnnsjhanla cornorn.. M:Wn t Phla-niectrlo Company Imv. k " ."""fl in tho letter's application to ih. TllUii vanla Public Service CommiMta,1r,M,l proval of acquisition ot conTrnm0" T pf in tne capltnl of the Delaw ar. rv , . lerttiJ trie. Bala nnd Merlon Lc?rlc and rl Ml ham Klectric Light. Heat ana Kl Tho Beacon Light Company has ..t- . f proval of sale to the Delawae. 1?4,3 flectrlo nnd th. imi.J - V..law?re CoumVl Philadelphia for nppreinl "f S", fl property to tho Philadelphia n.S?irtf l The Pcrklomeu, lUllroad Corn ll asking for an extension for uTJrl Hl vcar 5 per cent bonds due January l'lilM llllllia-JtUI MtJlil UN film . nniiaa.. J" - All the capital stock of the P.Jii"UJ .., , ..cauingtomp,,,,; New York Bond Sales 184.100 AnBlo-Frcnch'Ss . iij'J 21 n -Jm'r iiP1?lt. "efln s R 07 oiu 8', 81 ', S 4001) Amir Tel Ra lrW do cvt 4V4 ' " .100 Atchison Ren 4s IWO "n (,o Line 1st 4h 2000 DhUo fc Ohio As 1 nnn (in a m rilKlfl f'utl flnul P.. tn lit nn J 1(100 do 5a 1031 . 04 I'""" ;nt Leather 1st Bs (iv ?2nX tf". hl ""i 0s 7T 1000 Chi & Alton 3',is . 3Nil 2(100 Ohl 11 A Q lolnt 4s HI"? ,rSSS. Ch 5I" v conv 6" 111000 do cv 4 Vis ... Tlls4 700(1 Cltj of lrls (Is nV4 i0no t on tlas conv (Is .ohi 4000 rumberland Tel r.s fli? (.Ofio Cerro ile I'tiHCn fls Inn 52211 Del Kdlson 1st 5s s3s no 7000 r.rle conv 4s Ser U n 5000 Trench Itepub 5V4s OH'i 12 tin Interb Met 4s r,- l.'OOO Interb It T ref 5s . m. lS(HK) Inter Mer Mar Os ns 1000 l,ai,la Meet 5 11)23 07 noon i.ic1 sh deb 4a mil s? 111 0 Lis . Mey Tb 5s 0R, inon Lorlllard Rs 1)4 2455.IJI"rtv " 3V4s 00.0(1 5000 I.jons 0s .-SUT4 .100(1 Mo K & T 1st 4s iijH 1(00 Met West of Chi 5s SH"t mono Mo Par Rm 4s BOH 1II0II Nat Tilhn .-. nul? ,4000 N V Air llrnke (Is lm 10l4 M,i- -F ,1 1 1 A 11 ItS 4000 N Y Chi tm, tst 4s inon N v city 4a TTir.8 1000 N Y City 4Ha 1000 500 V V V If K, if tm liniin .Nor Pac t r,s 14nnn Penna ren ct 4V,s. aooo Public Serv N J ,s 101100 Hep Ir i. a r.s . 100(10 St I, S h- njt . 200(1 do Ser A L-000 Seaboard A T, ndj ,-,s inon South Tac cv 4s . noon do c Bs . . .iiioo do rfd 4s 2100(1 South Itwy ccn Is 1 1000 do '.s fnnn 1: r iinhiuk -. r;imit r, u u., a , .nmy .... ' -. .-H----I c r .tn . iin,i . 11111 - .1000 Union Pac 1st 4s nnV !n .immiii nn c' is B0O0 do rfd 4s 27000 I' K nf a II I I i Stood ,10 r.Hs 101 s ismno do '.Hi min 2ioon do itis mm noon do Mis 1021 2000 Vn Rws Bs Low 0V4 014 R(l "7. nv'i k-.v; SI14 RS SS5. nj ii.i 11 v 71 . Ml -,a 90 lWA 111(1 tin 4 OS's MVa 1,4 V 024 II7H R7'4 0Ri 04 00 00 R0' cai Bll'4 HR'4 OTl irJ " (pi . . OR 101' 07 M 111! OR RV 101 Hi's 01T4 H4 m a: Bl (1(1' I mi BS's 47 R0', in R4 n-'4 ns Rl RUT. n', ins (i 4 '4 0R 0T4 02V, ns'. 47 R014 2'i Rt HI'. 02', RIH c- R0'4 urn: no.', 04. nsis 01 !I2' Close oi'f (Ui4 RO 07 li Vi R.-iJi R Ml '4 on 112. IS 71i 3li V3 RV 70. lotd 0V4 inn on 4 Ofl'i r.Vi R4H in II7S R7'4 or; 01 09.00 Rfl'4 (I2V4 RH'i B0U 0SH lfll'i 07 hi in4 OR HI llll's HV-4 01 '1 84 n4 (.1. r.sl4 47 rii4 03 R4 m4 tn si?. 1(111, on', s', sn OR1. no.', n4'4 0R, 0V4 02' Sales in Philadelphia Hljh Am Gas . . II & S t c pf 10 Klec Storage 83 CO Ins Co N A. 2S 100 Lk sup Corp I31i 103 Lehigh Nav (.1 Lehigh Val 450 Pcnna It n SO1)! 20 PhlU Co cum pref 3SV4 00 Phlla Klec 27 100 Pitt Cl ct pf 48 3I0lnTtrctfs 20(K 100 Reading 7314 Ton Bel 800 Ton Min fti Union Trac H'O I 73?, Cn Cos N J 2400 U S Steel 80 War I & S 3 West Jer & S 47 200 Wm Cramp 7814 Low Clou. ,?? t0H , t0 ,, J RS S3 ,,' J 2.-. :j , 1 13ii 18 if 7ti ejy, sot; bo, vj "w sin . i 28 27 ., i 4!4 !? 2H i 73'4 7(J u 71. . S 73i4 J0SV4 iomi lovvj loevi ih1 V W H 47 47 7814 7iU tQuotatlon given Is esterdav's close' omi ur, h.io., .iinre,. romnared w Ih sjji shares jeslrrdnTi thus fur this week 4in, n..u.n, ,... ....v., ,,,-1. hvcf., Dv,io sntrii. IIIIMIS Hlsh 81000 Am O & H 5s 8814 10800 Lib Bonds 00.02 1000 Penn Co tern cts 4bs 02 10700 Phil n 1st Bs 08V4 1000 Read gen 4s 88 1000 Spn-Am I Gs 10011 N.lJ Low ClnM. rd.l 88H 88H-141 00.08 09.71 ,1 02 OJ , 07-i 08Vi 88 81 J 100U 100i ., J Tnlnl !-n!e,. 811.300. inmnip nil, ,111, m .rsteriloM tn-. f r this week. fl.00S.8M. .VZ. period last week, $108,000, Local Bid and Asked Tolnl sales. $1,138,000. compared villi 8(1,. 012,000 veslerda, 1 thus far this week. .17.201,. OOOl name period lint week, C27.01O.O13. LOCAL MINING STOCKS TONOPAH STOCKS nid Tim Putler 7R MscNnmara 21 Midway on. Vlzpah Hxt on Montana .14 North Htar 07 Rescue Kula .14 West Und (17 OOLDPIELD STOCKS nlue Hull Ot nnoth 01 Tilamondfleld H II iij nslsy 02 Kewanas 07 Oro 01 Rand Ken nt Silver Tick 14 MISCELLANEOUS Arizona 1'nlted 20 Nevada Wonder 1.70 Tecopa Mln 2.1 sked Rn 21 10 OR IS .OR ,1(1 .70 .01 ov .01 01 .on (ij OJ .15 1 RO 2S RAILROAD EARNINGS ATLANTA. lllllMINaHAM AND ATLANTIC lnl7 Increase Second week October . R0 070 12 4R1 Krorn January 1 3 0J0 040 581 41j SOUTHERN TtAILVVAV SYSTEM Southern Hallway Sjstem (lines east and went!" Third ieek October 12 B17.004 Krom Jul 1 . .1(1 Oil 07t Georela Southern nnd Florida Second week Octolier . SH0 272 From July 1 . K82.4UU Mobile nnd Ohio Third week October . 1201,401 From July 1 .. 4.201. .iro CENTRAL OF OEOROIA September gross $1,112 0J1 Net 327 774 Nino months' cross H.IMtnitR Net 2,440.222 Decrease. J404 227 0 7.17.701 Jl 40(1 82.812 20 702 (J.I3.1MI 10(1011 11 111 l.ddl.B.'ll 221.503 NEW YORK BUTTER AND EGGS NEW YORK Oct 27 HUTTER Receipts, 7501 tubs Market ste-vdy, no chances t.-r!(ls necelnts. ft7ll J .aim Mni-b,.! fn. fal. ckrs linn, storaso weak. Quotations unchanged I American Stores llrlll. J o Uurr i Susq t c do pref . . Ilaldwln. Elec Storage Ueneral Asphalt do pref ... . . Kostono Tele do t c . Like Sun Com LehlKh NavlR-atlon I ehllth Valley . Pennslvanla Phlla Electric . Phlla, Company do rt p c pref Phlla n T t c lleadlns . ., Tonopah Ilelmont Tonopah Mlnlns t'nlon Traction . u a I . It U UI..I 'York Rnllwnjs " , ao pret XV Cramp i. Sons a Hid Ask Did Aik 11 31 33 II 15 20 15 B7 85 51 48 B0 4 Si (12 ll.'V, (ill OdH BJ 53 S2 M 111 18 18 II . B7 51 57 Br 11 HH 11 XVt' 01 , (II ; 1.1", 13'A 1SU Ul- fl7'i' 07'i (I7(J mi Aft Eft 1 .-.01. 1014 f,n 20. SI 28 a:J .i"n .is ;inu : . , -in 2Hi 27 74', 71 4 414 Vt 54, 41 42 78H 71 UU TJ! 101 V, lllltTi 194i iwi "i in lift in 11 31 31 IJ 77 7814 78 Tl n nt 2l4 ZU-f 7vi in .iii li 41 43 7S INACTIVE PHILA. STOCKS Following are quotations for Inictln stocks listed on the Philadelphia Stock Et-f change nnd In which there were no tnnue tlons today. The price elven l th lilt previous close. Am Oas War ... Amer Htores .. Alliance Ins . Amer Mill Amer Stores pref Prill to . .. Ruff & Susq t c Cam Kteel Cam Iron ... Cons Trac N . . . . Gen Asphalt . .. do pref . . , Kestu,i3 Tel 14 33 02 20 B0 18 41H 7t 17 08 11 Keystone Tel cf,, l,eh Val Trsn ... l.eh Vsl Tr pf... Lit Bros Little Schuylkill. Mlnehlll PUT .... Penna Salt ,. Phla Co lonopah Mln .. West Cos! .... York Rwys 'Vork Rwys pref . GOVERNMENT BONDS nid 2s registered 101O. . 07 2s coupon 1030 f". ... MS Is reeistered 1018 . M 4s registered 1021 . 10V 4s coupon 1021 10; Is reBistered 1040. . . . 81 Tm coupon 10411 , 81 1'nnnmi 2s registered lnirt 87, I'annma -Is registered IMS ni! Panama Is registered 10(11 80 Panama 3s coupon . . 64 Art it 1IM lot I :: JryfjI'lj.Hnvm MIDDLE CITY BANK 1518 Walnut Street ANNOUNCES THE OPENINC OF ITS NEW BUILDING AND MAIN OFFICE ON OCTOBER 29. 1917 Complete Banking Sorvlco Savings and Safe Deposit Departments All Modern Facilities r i. EDGAR S. CARDNER. President Branch Office: richard y. filbert, vic Prei. Rldee Avenue at WILLIAM DELANEY, Vi Pru mage nvenue BT. EDWARD C. BELL. Cashier Twelfth Street FRANK p. SAVIDGE, Solicitor LOGAN TRUST COMPANY OF PHILADELPHIA FOR THE CONVENIENCE OF OUR PATRONS AND ALL OTHER PERSON8 DESIRING TO SUDSCR"" TO THE LIB- ERTY LOAN TODAY, THE LAST DAY THAT SUBSCRIPTIONS I JUAY BE MADE! THE OFFICES OF THIS COMPANY WILL REMAIN OPEN UNTIL 12 O'CLOCK MIDNIGHT TO RECEIVE SUBSCRIPTIONS. Y MAIN OFFICE: 1431-33 CHESTNUT STREET WEST PHILADELPHIA OFFICE: 620 WOODLAND AVE. rar.a s;raaii4r. 4 ifr r.yffS -'. . t ,-t v - y) ,.A..5&J
Significant historical Pennsylvania newspapers