KsifflfelXliHnHH EVENING LEDGER-PHILADELPHIA, TUESDAY, OCTOBER 30, 1917 - ,'"... m w ii&- ? a "J' tHILAfeELrHIA PLAN IWINMEHT TRUST CERTIFICATES $10,000 PENNSYLVANIA GENERAL FREIGHT EQUIPMENT 4t JUNE 1918 PRICE, TO NET 5 $15,000 BALTIMORE & OHIO RAILROAD EQUIPMENT 42i APRIL 1918 PRICE. TO NET Bt REILLY, BROCK & CO. IIANKEKS 3C6 CHESTNUT ST. PHILADELPHIA Public Utility Bonds Short Term Notes to yield from - 5J4$ to over lfe Circular on request Bonbright & Company wonnis wihtxh sTnc.'D. Jr 437 Chestnut St.. Philadelphia New Yorli London ttoston Paris Uetruit -.hlcuu i Federal War Revenue Bill We have prepared, in booklet form, a summary of the Federal War Revenue bill, including tables of the Income Tax, show ing exemptions and amounts persons will be obliged to pay the Government. The subject of excess profits is reviewed, with practical ex amples showing how the amounts are computed. Ask for Booklet L-10 A. B. Leach & Co. Incnrpnrninl 115 South Fourth Street PENN NATIONAL BANK Oct. XJOth, 1917 176th DIVIDEND The Directors have this day declared a scmi-anmtal divi dend of EIGHT PER CEXT. (&7e) free of tax. payable No vember 6th, 1917, to stock holders of record at the close of business November 5th. Checks will be mailed. M. G. BAKER, Cashier. Market at Seventh Morris Brothers Co. KsMbltshrtf US Bonds for Investment Municipal and Corporatioa 1421 Chestnut Street JOHN HERCK & CO. Investment Securities Stock Brokers Announce the Opening of Their rHILAUEI.riU.V OFFICE 626 Widener Building Jl. I COLEOKOVK. Manager Kew Yurk Omee, 10 Kichunce I'late FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATIQ VARIOUS INFLUENCES HAVE BAD EFFECT ON NEW YORK MARKET Liquidating Movements Follow, With Severe Losses in Many Leaders Canadian Price Fixing Helps Bear Side High Points in Today's Financial News VartoM Influences made mnrkct feverish In .Voir York and liquidation re sulted In severe losses for manv lenders. Curb trading u-as not active and fol lowed the course of the exchange movements. Corn and cotton advanced. Lire uas iccak in foreign exchange market. United Stales Steel Corporation declared a 3 per cent extra dividend on common slock in addition to usual quarterly dividends on common and preferred. Price of bar silver made big Jump in Xcw York and teas higher in London. DIVIDENDS '" TIIK rOt'BTII KTBKBT NATIONAL HANK . Capital ..S3.bOu.ouu Murulua 0,000.000 Philadelphia. October 30. 1017. The Dlrectora nave declared n semiannual dividend of ttrn 7) per cent, payable Xoicm btr 7. to stockholders of rtcord at 3 p. m.. November 2. Checks w II be mailed, r The transfer booka will close At a, P. m.. No vember 2, end reopen at 1" a. m. . November 7. 11. J. CLAIIK. Caahler. FltAXKIJN NATIONAL HANK tbetnut St. le.t .if llrnad I'OlladlphU. Oet. 22. 1017. Tlii Dlrcctora h -this day declared a acml annual dividend of tea iter rent 110) free of tax. parable November 1. 1817. to stockholder of record at trie rloae of buelmaa October 31. Check will be mailed, J. Wit. HAKDT. Caahler. THB SIXTH, NATIONAL IIANK Philadelphia. Oclob.r 2f. 1817. ,. The plreetora have this day d, dared a irml annual dividend of lira tier rent, free of tax, payable November 1, 1017. to stockhdldera of rieord at cloie of buelni aa October SOtlj. 11)17. Cllck -will be mailed, T v WILLIAM 8ALTBH. Caahler. bcott vxrrjt eo. lasard of Dlrectore at the Scott Paper Com kaee tnu uar oeeiarea me reruiar aemian. -lvldead of a4J ner cent, parable Naelnhe 7. on the preferred etork of he company. ".""' 4T "' . liatLVKB NATIONAL BANK PWHsdelchla. October 23. 1017. Tfc PSMHn fcv.thl dr declared a dfvl. EtfJ t . Mimhla Nitiutlkt vsuar NKW YOItlC. Oct. 30. Vorloti? influences combined to make the stock mnrkct situation feverish and unsettled during the greater part : tho day, und thla condition "wan. retlceted In liquidating movements which caused severe losses In many of the lendlnR stocks. The Italian military reverses had a good deal to do with causing adverse move ments In foreign exchange and had a disturbing Influence nlso In security values. The action of tho Canadian stock exchanges in llxlng minimum prices, and tho interruption of business on the Montreal Stock Exchange, had a direct Influenco on the trading In Canadian Pacific, which dropped 6 points In a short period to 132, and recovered only a small part of this loss when tho market steadied Itself after the decline. ' General Motors was placed In an unfavorable position also on the news that the Government had taken steps In Investigating the steel situation which would curtail the amount of tho steel product to be furnished pleasure automobllo makers. Commission houses generally reported that their clients were disposed to reduce stockholdings, and that a moderate amount of liquidation was In evi dence, coming nt a time when buying was restricted to a few sources. Possible favorable developments, such as a good showing by tho United States Steel Cor poration this afternoon and the expected settlement of the dividend accumula tion on Marine preferred, were Ignored for the time. United States Steel common, however, was fairly well held, declining 1 to 101, with a later rally to above 103. Marine preferred, after selling at 103, dropped to 09?i and recovered part of Its loss. Trndlng In United States Liberty Loan bonds was the most important featuro of the bond market, with heavy sales of 3s at 99.34 to 99.9(5, and the -Is ngaln were trading at ICO to 100.02. Cost of Equipment Burdens Railroads The burdens of the railroads are many, and among them the cost of main taining equipment. Klgurcs of the New York Central's purchases since 1914 show conclusively the additional weight that has fnl.'cn. on the transportati companies. Since that time the New York Central has purchased 38,052 freight car,i, 443 passenger cars and 734 locomotives. The cost of this equipment wns $84,324,000. If purchased today It would cost the road $193,028,000. The Increase, In other words, would be about 130 per cent. The cost of the locomotives show an Increase of about 100 per cent ond of the freight cars 1C0 per cent. Holders of railroad securities are concerned also over the labor outlook; The supply of labor Is very scarce no matter what the money Inducement, ltatlroad tatcs will be Increased In some sections of the country at least, but there will be an offset to this because of the higher operating costs that are part and parcel of Impaired operating elllclency. Every operating officio', has ' tho experience of a large percentage of his mall representing requests from division superintendents for additional men with which to keep up maintenance work. Tho bituminous coal Interests are not satisfied with tho forty-flvo c-mt Increase granted by the Government. They say that while tho higher prices to be charged on future sales will offset increases In wages, coal sold under tho old schedule does not make up the deficiency and, what Is more, under tho terms of the Increase contracts with the railroads under which the latter have agreed In the past to met wage increases are nullified. Figure Value of Marine Common Wall street's new diversion Is that of figuring out the value of Mercantile Marine common stock In the1 event the dividend accumulation on the preferred Is liquidated. Tho vnluo of the dividend on tho preferred would, in fact, be closely associated with the valua of the common, as It is understood 33 per cent of the arrearage would be made up In common shares. Some houses figure that the divider d potentialities of the common with the preferred accumulation removed should make It wortli perhaps $40 a share. A controversy has developed as to the amount of preferred stock the company has bought for Its own account. Some Interests claim these holdings are large, while other Insist that tho buying that has been credited to company account has, as a matter of fact, been for the account of tho poo' that recently has delighted In applying the screws to tho short Interest, and might have made the bean pay dearly but for the Italian catastrophe. Bond dealers are devoting tho greater part of their time to the financing of the Government's monetary requirements. But they know also that the time thus spent Is not solely a contribution to the national cause. If tho estimate of 10,000.000 subscribers to the second Liberty Loan proves correct It means merely that many potential Investors. Prior to our entry into the war wo had a few hundred thousand bondholder;. The average man did not know a bond from a life Insurance policy. But he is being educated and probably by tho time the war fB over will realize fully the merits of judlcloi s Investment. The Investment dealer will be the one who will profit In the end. There was a t'me when the mere whisper of a new stock issue would have sent General Electric soaring. But times have changed. Tho suggestion of it new stock offering, with attendant subscription rights, has producei' liquidation that has sent the Issue into the lowest ground In a number of years. Labor Improves at Mining Camps Latest news from all of the principal mining camps Indicates a big improve ment In the labor situation owing to the intervention of the Government In settling strikes at efferent points. It Is believed that In a short time most of the Important producers will be operating at normal capacity. In this connection It Is Interesting to note that although supply is guarded, the small surplus of metul In excess of Government and export requirements has permitted an Increased allotment for general consumption. This has resulted In provision for all necessities considered immediately Imperative and has relieved the acutness of the situation. NEW YORK COFFEE MARKET NEW YORK. Oct. 30. The market for coffe futures opened quiet today, with first prices unchanged, to an advance of 1 point. The market Bhowed a steadier tone during the morning, with prices ruling about 1 to D net higher. With European connections uncertain. It was pointed out by one of the buyers that coffee Is tho cheapest of the commodities, while shippers fear that steamships may be wlthdrtwn from South American routes to relieve the sugar-carrying trade from Cuba, were also considered responsible for scattered cover ing. Yeat. Open High Low Clone close October ! " I" uer ,,a ,. i. Novpmi IVrember .Tanunrv !.n 7.10 7.17 7.10 7.12 7.11 1.-1I) 7.1" February 7 "8 7.P7 Mprch 7.SI 7.40 7..1S 7.3.T 7.3.-, July 7.110 7.7S 7.71 7.71 7.r,0 Beptcmber 7.0J 7.87 7.87 7.84 RAILROAD EARNINGS CANADIAN PACIFIC 1017 lncreaae September tm J12.244.3ll I1J0.1H2 Nt 3.747.1.M M.SR2.00S Nine montha ended feri'ember 30 Orraa Iin..13..11(l 18.720.720 "jJet 32.322,14:1 1.801.220 LOUIHVILLU AND NABMVILLK Third week October l1..1K3,no. t207.4n.7 From January 1 u.2!M.71.S 0.113.073 ANN AnilOR Second week October. . I."in.310 S3.470 From January 1 2.4'JH.,14I! 210.080 CHICAGO OHEAT WKHTEKN Third week October .... 1377,302 '138.1)40 From January 1 13,1.13.071 301,338 Decreaa. Penn National Increases Dividend The board of directors of the Penn Na tlonal Bank today placed the annual divi dends on a 16 per cent 'basis by declaring a semiannual dividend of 8 per cent, payable November 6 4o stock of record November 5. The dividend has been on a 14 per cent basis. A bank ofllcer says It has been ac cumulating a rood surplus and thinks the time has come for the atockholdera to share In the Institution's prosperity. Bar Sliver Jumps More Than 5 Cents Commercial bar s'lver made a big; Jump In price today when sale of the metal were mnde .In New York at SOHc an ounce. This represents an advance of BTic since yesterday, when It was quoted at 83 C Gains of 3d an ounce were also made (n London, whera the metal wit nuoted today at 4Cd, against 4fd yesterday. Comparisons of, quotation follow : . - rrwia XOftC Wnil WVTk . 9 4t jMf INACTIVE NEW YORK STOCKS Following ore quotations for Inactive New York stocks and In which there were no ttansactlons today. The price given Is the last previous sale; a n r & k ".!!? J'0" "I c" t- A II S ft r eta pf.JMi l.orlllard 5- 20S A II S V pref..;i;4 Max Motor 1st pf ill Adams nprei..lj; Mux Motor 2d pf. 10H Advance Rumely. 1J M St 1' sail pf.lt 7 Adv Itumely pf.. -jj Mackay Coa nref. D A)x Hunber Manhattan Heach 1 Allla-Chalm pref. 77i May Dept Stores. 50H Am Ice Sec ..... J1J May Dept Strs pf.101 Am Aer Chem... "Vi Mex Petrol pref . . ! Am Aur inrm rj ; Mich Cent Ho Am H-et Suiar Pf 85 Mo Kan A Tex.. 4',. Am can prei . . -. m0 Kan tc T prtf uw Am Car t K pref.!07 M0rri, , p,... sou Am otton Oil... ;l-' 1o-r!.- f rf 11V Am nxpreas Mont Power pref. 107 Am Ice pret J", Nat niacult pref. 114 Am Loco pre!.. .. psjj yat m,cut 73 Am Smelt pref. . .103U N,t Cloak & Suit. M Am hmelt pre: A. JVi Nat Clk St pf.lonS Am Smelt n . . . . y Nat Enm & Stn pf i Am Sucar pref . .110 Nat L,ad pref...lim Am """"J'" SJ Nt im Mex lat pf 40 Am Tel fe Cable., nil., v, it n i. . jh Am T ft T Srf "'.. 02H Nt im Mex rt of JlOVi . . U'nnl Tiref . . . 03 Am Writ PP Pf;? N T Dock. M V ,. . a. T Am Zinc ft L prjf 4. N Y O ft W... Ao O 1st o'-'ju. Norf soutn Ao Oil .-.-,, ''Norf ft West pref Atl nirm ft All.. IS North Amer J lurreit Co pref. .108 Ileth Steel pref . . 84 Hem mm " Hrkn Un Oaa. . Hrown Hhoa .. liuttrrlck ..... r.l Pui-ulntf Co Cai ft Bo 1st pref So rent iuy bo ?; Ohio Fuei Ohio n rla i-an-Am ret pref 00 20 21 82 4lH 43 !i'? P.n.im P-, n,l.a Ti! pref rt GS J,' P C C ft St I.! . . . (12 "- 1-.. ... ... . rio .WRrilUrilG . . 1. ? rere Slarq pref,. S9V4 Cent Leitner pfi'.lOOVi p,'"--A"', PT" 03V. r.iit S Am Tl...ll!lV4 Pressed Steel Car 61 rit.i . &ll.n nf . -Xi UUICKSllVer Chi at West 8 Quicksilver pref . . HI Ch ft N V pref.. 1 15 Rradln lat pref. 38tf Cliiett.PeaVdr pf.110,, Saxon Motor .. . 7 Co So 1st pref. 5H St L ft S P pref. 27 Cot ft South .... 24 Si L i ft H f pref SO Col ft S 2d pref, . 42VS Standard Ml pf . as Con O EI. P. -iyu Htuta, Motor .,.'. 424 Con Int. Cat Mln.- 17H Sup Steel 33 Con Can pref . . .ljj Sup Steel lat pf.luo Continental In.. ft 1H Texas Co rta.... 10V inKim- "7. ;.rt - iru AVI lU Cuba Am Suear.MO rubn Am Sun Pf.J"2 D L ft w ......j Den'ft R O pref.. IS Tidewater (111 .. .4nA Tosbt'i!0ftpv.?f: "? T St I. ft W ctfa MU Dftra't JCdUMin.,.1?.. T 8t L A W of. SO Klen Stor Hat.,., nag Twin City R rp,' 7Wvi Oeneral Citar ... JJ! Underwood Type. 00 Oen Cljrar rrf,. na' und.rwd 'iim pf!lli: United A Inv sil in Untd Cr Stra pf.lls IWi Uru 1 ' o I'ntd uruit in pf. 74 United Dye Wood SI nniAriih n V 43 ............ -, ..... uoMrics 11 r ".sy.' iiulf H 811 1st pf.int lartman Corp . J faakall V Ilarkir SA Uvina El.o.,..101. .'" loroestaxe in...iya TtnT,'iis;.i. initea fau llril Union Pao pref iper Pf sta. ens u a nipreu. . ., ewa central . . u ma Alco pf mi 1 -em orvi.-i"! w a Kan Liiy bi Ivan I'lfv Ha Keolc ft D u,... 44 Va-Car Chem Df!l04 ..... BIH tie It nt Harv.of N J.tlp,, K n llr of N J PfltlW K ot Nickel nrei i03( U nt Paper pf sta. MK U Bref,.10f U U Realty Imp.. 13V, la pref 32 1'tuh Seo Corp . . 13 121 2D 75 is 081. lj,k lirle W . : Welta-Fario a.k nne m v prtr 3a west . Ll1 M To.,;,.aW W? 1.1a: m ot. pret'. .luais wi IM M TekJ'- Vi ii'. 1 New York Slock Sales' 1 R0 103 IlStft 1M4 Kl Net Cloao chK. 3 V W 3W V, 20 t 73V4 IV. .1914 04 lift 7U Hi 14 H Zi y4 B8'4 114 no 13V4 s 01 14 8 Hi 2i, 07 14 88 i oK v ft I0J my, 113 i4 on 43 14V, . 04 02 . 80T4 .1011 . 00 ISO 14 03 180 4 1)8 114 42 I 14V4 V 01 ',4 1 0t 80 M ',4 08 2 00 87H 2V4 o '.4 W 50 01 Tj, 04 1 !! .. 80 2V4 08 m 1 ioi ih 1014 4 13 3.1V4 3H 1S 131 '.i 4 0814 70 31W 70 40Vi 224 08 42 14V4 01 01 80,4 0714 00 oy, 0,1 Mi no 01 o iVH ?8 07 no 12T' 33 Vi W i V 88 00 Mi M, High low Alaska Oold Mine .1 "4 s Alaska Juneau ... 314 3Mi APIs Chalmers Co. 20J4 10H Am Uect Sugar .. 74V6 7314 Am Can -toMi 30 Am Car & Koun Co 03 Olfi, Am int Corp 074 nou, Am Hide & Leath. 14 ltM do pref ........ fl2r, so Am Linseed sjy, it'A . d? Href no n8Mi Am lco .v..... no SSK, An "nit i3j4 S , l0 I'ref oi . 01 Am Smelt 3yt m ....ici aum roi).. . B714 HO Amer Steel l-'dry.. noi na Amer Sugar . . Am Tel & Tel. Amer Tobacco do pref new Amer Wool Am Zlno & Lead. Anaconda Atchison do pref Atl OUlf & W I do pref Baldwin Loc Co do pref Halt & Ohio ncu uu prei 01 Barrett Cot ot uatopuas Mining. IU Heth Steel a 81 do pref t c 08"5i Ilrook Ttap Tr, . . . ni iiurns uros 10IM, 104 Hutte & Sup Cop. 20 lovi v-ui iciroieum .. 13 do pret 30 14 Canadian lac . . .138 Cent l.eath 70 1 erro no I'aseo . . 3 1 Mi 3 1 V4 Chandler Motors.. 70 oovft dies & Ohio no 48 Chi Ot Western pf 22 4 22(4 Lni m fcst I' ... 40V4 44Mi 4fl4 1 uo prci n H8 Chi & Xivn D9K, 00 Chi It I & Pac t c 3014 10 do Ope pref t c 47 4flMt do 7 p c pref t c 547' 84 Chill Copper in lr.tj Chlno Con Copper 42 42 Col Kuel & Iron.. 37 30 Col lias & Klcc... 83 Vi 32 Conol Oas 87 80V, Cont Can 034 02 Corn Products.... 20 27 do pref o Ms 00 "4 Cruc'ble Steel oi 0114 Cuba Cane Sugar. 20M1 28 do pref. 8014 8014 Deere Co pref... OOi OOi Uel & Hudson.... 09 O8M1 Denver & It G... OMi 014 Dome Mines TJi 794 Distill Securities.. 30 s.T Krle 10 ini4 do 1st pref 24 24 do 2d pf 20 I8M1 Oaston Wllllnmi., 33ii 331 (en l;lectrlcal Co. 130 128 130 General Motors... 87 8314 81 do pf 7414 74 Goodrich II V. . . . 30'j.i 30 Ct Northern pf... 0014 0814 do Ore sub.... 27 204 Greene Can Cop.. 39 30 Gulf States Steel. 0314 0314 Illinois Cent 100I4 08 IntAgricultur.il .. 10 07i no prer 38 3S 35 3 Insplr Popper . 4414 3 43 114 Interb-Cons Corp. 7 7 7 do pref 4.T)', 4 43 lift Int Mer Mnrlne. .. 30 2814 2814 ly, do jiref 10315, 00!i 09 2 Int Nickel 27 20 20 5i Kelly Springfield. 4114 44 44 Kenneeott Cop... 33Ms 32 aiVH 14 Lncka Steel 78,i 77 77 3 Lehigh Valley ... 87 li 37 n714 .. Lee Hub & Tire. . 13 I.oulsv & Nash. . . 117 Mackay Cos 74 Manhat Kl 102 Max Motor SIVi do 2d pref 18 Mex Petrol 83 Miami Con Copper 31 Mln & St Lou new 10")i M S I' & S St M.. 00 Mldvale 44 Missouri Pacific... 20 do ctfs 47 Nat Con Cable ... 23 Mont Power 72 Nat Acme 30 Nat Knam & Stpd. 38 37 38 i', National Lead ... 4.7 44 44 lift Nevada I'on t'np. . 18 18 18 New O Tex & Mex 22 N Y Air Brake... 113 New York Cen . . N Y N II & II.. Norf & West Northern Pacific. Nova Scotia Steel Ohio Gas 10 14 40 34 1 l 4214 r. 30 33 87 1 02 2 28 00 i 02 10i 20 14 8014 009-i 08 .. G 1 7'T 30 10 .. 114 24Ti 20 33 71 39 0014 27 39 03 90 9 35 43 3! 1 1 1 V 20 100 01 70 37 li 83 21 80 0 37 18 110 71 102 30 18 81 30 10 00 43 20 47 22 JO 20 37 44 18 20 111 71 20 13 11014 i 71 1 102 1 3111 18 82 30 10 I i 00 3 44 20 47 23 73 20 " Ontario Sliver. Owens Bot. . . . Pacific Mall . . Penna. It It. . . Peoria & Kast. Peo Gas & C 41 Philadelphia Co.. 30 Pitts & West 24 Pitts Coal 40 do pref 81 Pierce Arrow 33 Pressed St Car pf 30 Pub Svc Corp N J. 112 Pullman Pat Car. .135 Ity Steel Spring. . 40 do pref 00 Hay Con Copper . 22 Reading ' 71 Heading 2d pf. . . 30 Hep ir & Stl 70 do pref 08 Royal Dutch 05 S I., S P 10 Seaboard Air Line 10 do pref 20 111 71 2014 101 103 1 03 01 73 78 3 30 4 .. 83 21 i 3014 1ft 35 414 83 24 50 r, 40 30 23 43 81 .13 84 112 0 41 30 31 10 . 81 1 33 1 38 1 112 1 132 132 1 40 00 22 70 30 74 08 M to 10 10 131 141 140 3 Sears Roebuck Savage Arms .... oi Khattuck Arizona. 31 Sloss-Sheff S & I. . 30 Sinclair Oil 33 Southern Pacific.. 80 So Porto Rico Sug. IBS Southern R R. . . . 20 do pref 01 Standard Milling.. 83 Studebaker Ten Cop- & Chem. Texas & Pacific. . . Texas Company. .111 138 ionacco products. 82 80 imnsuD-ii 111 ... Union Pacific . . United Clg Stores United Rwy Inv. U S C I P & V. . do pref 40 2 00 32 71 14 30 14 73 2 08 1ft 05 Ifl 14 10 14 10 37 12 13 38 CJ 20 30 32 83 185 20 01 85 37 12 13 38 00 114 20 114 30 32 1 fl 183 B 28 01 85 1 37 14 12 13 141 82 38 118 117 117 80 7 13 80 U S Tnd Alcohol. .114 88 .100 . 80 . 40 .103 87 7 13 80 112 87 U S Rubber do 1st pref . U S Sm & Ref do pref U S Steel do, pref Utah Copper . va-Car Chem ... 30 2014 Wabash 0 0 do pref A 42 41 do pref B 2114 21 West Union Tel .. 83 83 Westlnghouse Mfg. 42 10 Woolwortn 116 115 Worth Pump & Ma 31 30 Wheel & LIS 10 80 1 7 13 80 114 .. 87 14 100 100 14 SO- SO 1 40 40 -fl 101 102 13 112 113 V. 81 70 80 1U do efts Wilson Co do pref ....... White Motors .. Willy Overland. W1 Cent Zl S3 00 38 , 20 38 10 31 8.1 00 37 10 37 20 lift v 42 I 21 14 88 1 i V 110 30 14 10 .21 1 1 00 1 37 20 H 37 i Total sales, 042.200 share-, compared lih 875.400 khares jcterdav, hu far thla w7,L 1.337,600 abarrsi ar.me period last week. 608TCO0 shares. .w GOVERNMENTBONDS 2a. re,lstere4. 1080 ft'1 ,A.,k 2a, coupon, 1M 0(1 or Ss. reaistered. 1018 un j0o ?: JHJpi'ib.,,eS-i ! ... -,, -."-. -;.-. .rj f ...,....ii,n ion L. eei.... 1 ...... ,. 81 : l.t.l. I I Sales in Philadelphia Net llllh. LOW. Cloe. epie, Am Gas fOOlft .. ZOO Bald Loco... 88 88 88 Hi 11 Cam Steel... I IS 115 its t SOKleo Htor'. .. 81 81 81 lOKrlo 1st pf.. Z4 24 24 100 Gen Asphalt 17. 17 ' " ,, 100 Gen Mot Cor 83 as 83 S Z Ins Co N A. 25 23 23 ZOKey Tele... 11 11 11 1845 Lk Sup Cor 13 1Z 12-i 1004 Lehigh Nav 03 CI 03 3 080 do war w I 12 8 10 . 114 Lehigh Vol. 87 87 87 10 Leh V Tr pf 38 38 38 3 OMInehlll .... 88 85 83 1 10 Mldvale .... 44 41 44 Ta 100 Mo Pac 20 20 20 107 Penna R R.. 80 80 R0 10 Pa Salt Mfg 02 02 02 Phlla Co cum pref t3 050 Phlla Klec .. 20 20 20 832 1 II T tr Cfs 20 28 20 5 Phlla Tract. 72 72 73 830 Reading .... 71 71 71 Ton Belmont . . . - t1 700 Ton Mining. 8 8 Bft f Union Tract 41 307 t'n Gas Imp. 73 72 73 4733 U S Steel.. 103 103 102 10 War Ir & Stl 0 0 0 10W Jer & Sea 40 40 40 Wm Cramp tl8 -. tQuotatlon given Is yesterday's close. Total sales, 12.040 alinrrs. ronipnrcd 18.373. nhnres eterdiiyi thus far thla 311,012 Bin re 1 Mtino period Inst week, share. $1000 6000 100 11180 1000 no 1000 1000 3000 3000 2000 iinxns lllah. Low. Bald Loco 1st Ss ...100 100 Kqillt I O 5s.l01 104 Lib Bonds 4 p c 100 100 do 3 ',4 p O00.71 00.04 L Vol gen 4s 81 81 Nat Prop 4-Cs 33 63 Phlla Co cons Cs. . 00 06 do 1st 5s. 00 09 Phlla Klec 1st Cs .. 08 08 Reading gen 4s 88 87 Spanlsh.Am I Cs 100 100 Close. 100 101 100 00.73 8f 63 00 00 0814 87 100 with week, 080O Net chBe. 1 1 1 A Totnl mn. S3I..100. rnmnnrril with I34.fl.V) jetenlayi thus far this week, SlS5,03O wune period last week, S70,20O. Local Bid and Asked American Stores Ilrlll (J O) Hurt ft Susii t c do preferred Ilalilwln Klectrk Storane Oencrnl Asphalt 1I0 preferred Keystone Telephone.. fill t c Lake Superior Corp. . . I.ehlBh Navigation ... Pennsylvania Phlla i:iertrlc Phlla Company 1I0 0 per cent pref. . Phlla Hnp Trim t c. . Heading Tonopah Itelmont Tonopah Minim; Union. Traction I'nlted Oas Impvt... I'nlted States Steel. . . York Railway do preferred Win Cramp & Sons... Today Illd Ask !13 18 87 34 2U Yesterday nid Ask 4s no . ill'i 112 r.i na 17 111 .-.- no it UVi 111 04 12H 1:1 (12 113 noli r.o'i 20 2U an :u ai :m 713 u 4, 41s r.'i n tnH 41 '4 72s. 7.1H 102i 1112 Ola in 33 3.1 33 1.1 r.7 1,11 fiu r.7 11 1:1 12i (1.1 ill's 30 2.is4 41 ll'lilH 14 ;i:i 7N',4 77 34 20 no 0Vi .13 IN Ml 1114 ill 13 mi MIS 2l!i OP "'ft 7:i'i loan 111 33 78 INACTIVE PIIILA. STOCKS Following ore quotations for Inactive stocks listed 011 the Philadelphia Stock Kx cliangc and In which there were no transac tions today. The price given is the last previous close. Am (las War 14 Keystone Tel pf. 04 Amer Stores ... 33 I.eh Val Tran... 27J,? Amor Stores pf . . 02 Lit llros . . . . . . .. . J4V Alliance Ins 20',4 Little Schuylkill. r,l Amer Mill 11 PUT 211 II ft S t c n Phlla Co ....... do Ilrlll J (1 20 I'n Cos of N J..2ii',4 Huff ft Susq t c. . no West Coal . ... . . 78 Cam Iron 43'i York Ilwya pfd.. 3,, Cons True N J.. 71 York Rwys 11 Gi'ii Asphalt pf. ,1S New York Bond Sales Jln.1.100 Anglo-French 8s 13:iihmi Am For SVc as 4IHMI Am Smelt ft Hetln as lOUtl Amer Tel clt 4s.... 131IIDU no 8a llllill do cvt 4's 20IHI Atchison Ken 4s 11111111 Allan Co Lino 1st 4s. .111011 Halt ft Ohio 4s llll'll do cv 4Vjs 21O0O llordenux im 4II0O Can Oovt tin 1021 . . . .-110(1 do .'a. 10211 420011 Cent Leather 1st .Is. 101)0 Cent l'aclllc ,1a 2IIHO t'lllll Copper 7s. ... .1000 Ones ft Ohio cv 4's. 31100 do conv .is Siiniio Chi 11 ft Q Joint 4s.. luuii t ni 11 it in . Hlnh. . 02 . 0.1 . Ml , K2V4 1MIJ. , 8.1 Vi 8l.. , hOji Mill , Wl4 m't 112 0.1J4 o ,102s 7314 KO 03 'i 71114 so?: IOIIU 1 1 if -. i ', 71'OU C M ft St P cn 4s 2.1s SO 700(1 do cv 4',tS 7.ii 2000 do Ben 44h.... .. .. hj's 2110(10 Chi It I ft P rfd Is.. H7i 7uii(t tiiy 01 i-ari ww.... .limn Col K ft I Ben as. . . 171)00 Con Oas conv 0s..,. 11 mm nrln rntiv 4m Ser A. .l...... ...L l. tAn..l.1ln KIL m 11a linn) Indian steel r.s iihV, Hiooi) Interb Met 4V4s. r34 sunn Interb It T ref r.s. . . H4Ji 21110(1 Inter Mer Mar On. . . 02U (1000 I.eh Val N Y 4',4a 40s 1I3H 100(1 Lons Island 8s S7s...7H'i r,0(il) Louis ft Nash 4s K7'.4 2770500 Liberty ll?nd 3s.. 00.00 140COO do 3d. 4 100.01 1300H Lyons lis sJ4 4 no Marsh (is son 3000 Mo Kan ft T 1st 4s.. (12'i 21)00 do 414 a Id Mill!) Met West of Chi .Is . 8S14 Hill I Mo Pac W I. as, 10211 Ml 33800 Mn Pao em 4a Wl'j liioo do (Is O0T4 10(1(1 Montana Power 8s.. 01 100(1 N Y C ft II 3V4s.... 74'4 130 I) do (Is 0014 2000 N Y City 4s 1H87.... 04 30110 do 4V4a 10)11) ),?? Low. 01s 04'i hO K2J4 11.1, S.l',4 81 siijl holi SH 13?4 02 0.1 00 ; 102. 73i 711 . 71115 so, v& 117 811 K K7'4 KKI'4 4 IV4 Oil US', Close. 01H 1)3 SO 82 H 11114 O.l'i S.I 1,4 81 SOJ4 Sills HM 03i 02 0.1 0UU 102, 31s 7(H4 80 7.H4 871, 117 M)4 Km 2000 N Y Tel cen 4S 03t 87H 84 87 " I 01'-. oov 08 84 8214 87 0(1 034 84 K 0114 03W 7SV. Ml. 00.04 100 8S Ml',i 01 14 311 88 Ml nn'i DOTS 111 7414 01114 114 l)7'l 0314 87Vj 83 87"i R2 II Hi 119 W OS 84 8214 87 nil Oil: 30011 Norf ft West Simon Nor I'ac is 2000 Nor I'ac w 8s . . anon Pacific Oas 5s.... 0000 Penna sen ex 4 las 20000 renna rn 4V4a .. 1000 do 4'4s 1021 .. . 4000 Pub Svc N J 5s . lonnil Pere Marquette 8s 4000 Readlns sen 4s . . tnnnn n,n Ir ft Kt .Is "21100 St LIMA So iren 3a 0414 12000 St L ft S V ajt Ol'i 3li(in 00 in SHOO do Ser A noon do. Ser II noon stand Mills 3s ... lnnon South Pac cv 4s . 2110011 do cv Bs 40(10 do rfd 4s 101)00 South Rwy cen 4s 1 onoo do .Is 3SI00 II s Rubber 3s. . . 1000 U H Govt 4s r 22000 U H Steel a f 8s . 1000 Union Pac 1st 4s 3000 Union IMc rfd 4s innnnotT K (1 H H I 8... 20(100 U K II II ft 1 8V4a '18 00T( 4iii)()u no .im s luiu .... no 170000 do 814 a new 1010.. n lanno do 814a 1021 02 1 000 Va, Rwys 0214 1000 Weat Ulcctrlc 3s ... 08V4 Totals sales, M, 701,000. compared nltli KI.S02.000 yekterdavt thus far thla week, fl), 333,0001 same period Inst week, fO.700,000. . LONDON STOCK MARKET 11014 4-!l 4.1- , BSlt r.sii . 7.1 7.1 , 03 03 . 8014 7lHi , 02V4 01 . 8314 8314 . 01 00 . 1)214 02, . 85 8014 .10.114 105J4 .10014 K1014 . DOT. 00H . 80 80 4 09, 11114 1I8S 02i 11 8714 ()() 4414 OH IISJ4 83 4, 84 . 02 0314 7811 8714 00.04 100 MS HSI'i 0114 30 SS so .111 1HIT4 01 7414 0014 04 07U 03T4 S74 S3' 4 S7fi 0114 noli OS 81 8214 87 on 044 00t4 43H 881i 7.1 03 80H 01 8314 00 02 80U 1054 10014 nofi 80 nS in) V4 0414 0814 21. Cautiousness Continues to Be Exer cised and Trading Is Quiet. Americans Lower LONDON, Oct. 30. Better advices from the Italian front brought about a firmer tone In the Stock Kxchange markets today. Cautiousness continued to be exercised, however, and trading remained quiet. Hesitation was observed In the gilt-edged section, although there were occasional ad vances. More attention wag paid to the success ot the United States Liberty Loan and It was discussed widely. The sales of the new National War Bonda for the week were not helpful to wntlment The se curities of the Allied nations were harder. The depressed feeling at 3fr York was reflected In Irregularity In tne American group, which was mostly lower. The de crease In the net earnings! ot the ,road for September made Canadian Pacific flat and Grand Trunks failed to rally. Home. rails wr.).t441yiijt ta atwirea at AfaiiH UNUSUAL WEAKNESS MARKS' TRAnmn IN STOCKS ON THE LOCAL EXCHANol Lehigh Navigation and Lehigh Valley Transit PrefenJ Each Drop 3 Points Lake Superior Holds Un m Well and Is Most Active Unusual weakness was tho feature of trading on the Philadelphia Stock Ex change today following tho trend ot the New York market, which was nervous and. failed to respond to nny of the expected favorable Influences. Thero was little buy ing power here, and with few exceptions sales were recorded at losses ranging from 14 to 3 points. Lehigh Valley Transit preferred on a sale of ten shares dropped 3 points from tho price when It last sold on October 17. And thero was a loss of the same amount ngalnst Lehigh Navigation, whllo the warrants of this company, which were dealt In for the first time, recovered to 10, after declining early In the day. Lake Superior Corporation, which was the most nctlve of tho homo stocks, held up very well under tho pressure ngalnst the ma jority of tho list Although It sold off a quarter at one time during the forenoon, the loss was recovered, ond un to mldafter- noon more than 1500 shares had changed CORN PRICES RALLY AFTER EARLY SLUMP Ready Absorption of Offerings and Support From Bulls Help Market New Grain Higher CHICAGO, Oct. 30. Absorption of offerings by commission houses and support from bulls brought about n rally In the corn market today following weakness. Unsettlement In securities at New York, had nn unfavorable effect on sentiment which was popularly bearish. Increased arrivals of the new grain nt various points, particularly nt St. Louis, also were ngalnst the price. The weather continued rough In the belt, but current Quotations stimulated the movement. Trade remained small with outside Interest limited, leaving the market without a bal ance wheel. Dealings In the cash article were light with the new grain higher and the old weaker. Tho tone at Liverpool was firm on scarcity and dearness of American of fers, with holders In Argentine unwilling to sell. No. 2 mixed In the sample crowd was $2.0G, against $2.05 1 2.08 yesterday, and No. 2 yellow, J2.11Q2.12, compared with $2.08fi2.10 yesterday. Tho high on De cember was $1.10; the low, $1.1814, and the close, $1.18Tt 1.18i, compared with $1.1S2, tho final quotation of yesterday. The best on May was $1.14'4, the bottom $1.13H and the gnal ,l.lS31.17i against $1.1312, yesterday's last prlco. Oats were as slow as corn, with values not far from yesterday's close. There was further covering by Important local shorts. Tho selling, which was led by cash houses, was scattered. The market nt Liverpool wns strong, with Importers bidding and export offers lighter. There wero reports that tho seaboard1 would endeavor to accumulate supplies against prospective export business. Tho weather was unfavorable for the movement. Standard In tho sample crowd was G00 COiC compared with C Ji CO lie yester day. The high on December was SSftc; the low 5894c, and the close 68i (fJBSftc, compared with 5815c, the nnal quotation of yesterday. The best on May was CO lie, the bottom C9T4c and the final COUc. against 60c, yesterday's last price. The visible supply of wheat In tho United States, according to Uradstreet's, is 21, 111,000 bushels, an Increase of 5,426,000 bushels for tho week, and compares with 73, G 11.000 bushels last year; In Canada It is 39,429,000 bushels, a decrease of 12,000 bushels for the week, and compares with 45,009,000 bushels. Leadlns futures ransed aa follows: Corn (new delivery) Open Hluh Low Close close December .. 1.1814 1.10 1.18'4 1.18T4 1.18H January ... 1.10 1.KIJ4 l.l.nj 1.10 tl 101? February .. 1.134 1.1314 1.13'A .... i iat May 1.1314 1.14'i 1.1314 1.13T4 L134 Oats October no no'i no December . . 8si 8S"i 8814 r,8i f.isW May 0014 0:14 nol4 tOO'.J too Lard October 124.77 24 SO November .24.00 24.72 24.00 24.72 T24.73 January ...22.4.1 22.47 22.23 '22.40 122.40 Ribs October ...28.28 28.2.1 27.78 27.7.1 2R ".I January ...22.3.1 22.33 22.0.1 22.1.1 22.17 May 22.20 22.20 21.0322.01 ' Pork Oct. ft Sept. 42.00 42.00 41.80 41.30 t42 00 January ...40.00 41.02 4'i.D0 41.0041.00 Illd. TAsked. t.Nomlnal. Liverpool Cotton LlVKIirOOL, Oct. 30. There was a moderate demand for spot cotton today, with prices firm, on tho basis of 20.42d for middling. Tho sales were 4000 bales. Tho receipts, 1G.000 bales. Including 11,400 bales American. Spot prices were: American middling fair, 21.57d ; good middling, 20.92d ; low middling, 19.92d; good ordinary, 18.97d ; ordinary, 18.47d Mlnehlll came out Z V.T ! 'H several weeks a point hlghe? at t't,lni wl amhou'nft.and flr P'? .V4 Hapld Transit trust certifies! fl the general e,.i . ',terl "catea fi,H 5l'i?.M!lJn United Oas Improvement . don U As usual. United Bta, !"?! -M wie rnoft active Block mV, ?mo 5 strength at any time iu hol W i1 'heiri wV6;, hfjih0.uh mS on ii nolntn fr . " "I'l m by the middle of thoT "strd.y-, Bonds wero dull lncliM?Won ,0 JOlTsi arbo HELPS COTTON PS ni-PoJ rr-u kU forecast In. creased Exports Thcr n. .-" 11 "K. Oct 141 tnn t,i. ","l'0,len.1 demand fe ra c-Vin .'."' '"8. ma-Ket mad.- a a depressing effect at times S"'8 Hi peared to bo uneasy atlL. rt" 3 to renawcl n L...y..a"d ..mre HtutihVl .u- -. 1 ..o.jr over ,na ,.,. --as (..e crop x.arge receipts at n.iZ" -, onvannan wero supposed i ,7"' creased exports ' fortCMt ta- I.-llll,, r . . J thPoagh Texas? anci"a ? ft l1 ure?s in temperatures in ii,. S.S :! with general precipitation, restrict YtS- .. iiiu opening or the market and I moderate demand was neceVsarv tJ f about advance of 12 tn M.U irtK call with tho tone firm. on "v T$!fA al7o keptln c eck C "I.","?. !!" .'! Ing of the weather map. After th.,Tif bulge i of some 25 to 27 points, prices .artl but the nmrkef o,,.i . ' 1"'-ca-M,l steady undertone. B"W qult,.J V.UHUH exports tor the day were 51 (till bale, and for the season, to date 1,2 H I bales, comnareri ..-in, i . n.. '.'"'". .... .,.. ,u,i,uii last teascafl noitiilliy o December .. ?!."70 SKS $ &f sifo't :::::: -it -,3. --n.48 25.70 km ji Million-a-Yeox Companies CO Big Earners of the ' "J New York Curb' Net earninpr fijrures of these Min injr, Oil and Industrial compa nies, official or estimated what these earnings mean per share the outstanding capital high market prices for 1916 contrasted with recent price levels and many other facts interesting to the investor are given in a new pamphlet just issued. Send for Pamphlet 405-T.V. JONES & BAKER STOCK rtROKKns Widener Bldg., Philadelphia noli. Walnut 1000-1. , Keystone, Kaca 2200. New York Boston Chicago rittsbarrb Direct rrtvatt TTIres. J0XE8 A BAKEK. U'Mencr Dido.. rhUadthhia. Pa. Tou may send me pamphlet 403-T.tT. i 1 Name ,... Address Cltu Slate IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMII The Advance .The name of the monthly paper, published by this Bank, has this day been changed to The CORN EXCHANGE Published b'u Me Corn Exchange National Dank jfflpi? 8&W VMaX 2 J3 We print twenty-five thousand copies monthly, but would be glad to put your name on our list if you would be interested in the news for business men and women published by the I Corn Exchange National Bank ' Philadelphia Chestnut Sce ' S1 t V Pm wjfty ' -V.
Significant historical Pennsylvania newspapers