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EVENING EEDG:
PHILADELPHIA; TUESDAY, NOVEMBER 13, 1017
FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATION!
1,
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LMOR AND CAPITAL ARE
TWIN LINKS INTHC CHAIN
MNNECTINO OUR TRENCH-
IN FRANCE WITH THE
V AMERICAN FARM AND FAC
TORY.
M'PART OF OUR WAR
? NEEDS, CAPITAL FOR
TRArSPORTATION AND
POWER COMPANIES MUST
' RE STEADILi AND SUFFI
CIENTLY SUPPLIED.
WELL SECURED RAILROAD
AND PUBLIC SERVICE IS
SUES ARE SOUND INVEST--MENTS.
WE BELIEVE, AT
PRESENT PRICES.
REILLY. BROCK & COMPANY
Northern States
Power Company
First & Refunding
5 Bonds
Due April 1, 1941
Circular on request
Bonbright & Company
MOItltIS WISTAtt MTKOUD, Jr.
Manuse
437 Chestnut St., Philadelphia
New York llonliiii
I-ondun Pari"
Detroit
I'hlcaKO
KmriniixinnninrTniiiiriiimntminiiiiiniiiiiiiiiiiiiiJiiiiiiHitTiintJU'tiiiiiiiirHriiiiJiiii'iinHimiih
"UP-TO-THE-MINUTE"
A Complete Map
of Philadelphia
and Vicinity J
Will be delivered to all sub- 1
scribers to Boyd's Philadel- E
phia City and Business Direc- 1
tories for 1918. m
Have you ordered your
'Directories?
C. E. Howe Company
i'uiii.i.siii:kS
Fourth at Walnut Street
ninn
Federal War
Revenue Bill
Wc 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 obliejed 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.
Incorporated
115 South Fourth Street
k
It's Just 'as Well
for You to Know-
J f what toot broker hn to do to carry
e,,, , out your orders to buy stock
(1) Where, and how he seta tho
Blocu certincaie.
(2) How the certificate Is trans
ferred from the former own
er's name to jours.
(3) Where It Boes for transfer
and why delays In delivery
aometimei happen.
If you are not thoroughly familiar
with these operations that concern
you so Tltally, you should read the
booklet
"The Journey of a Certificate"
which describes this Interesting- process
In tt many details from tho moment
your order U placed.
Send for BooMtt 885-T.U.
JONES & BAKER
oTOCK BBOKKIW
Widener Bldg., Philadelphia
Bell. Walnut 10110. 1.
Keystone. Itaco S'jno,
-w York Iloston
Chicago Pittsburgh
Direct PrU'ots Wire.
JONES BJLKBH.
JVirner Bldg., Philadelphia. Pa.
Tou may send mo our booklet 8J-T.U.
k J4rie ........ ..,,,,,
Sparc's" ..'........,,, , , , ,
ACTION OF NEW YORK MARKET r
DISAPPOINTING TO BANKERS
Early Weakness in Canadian Pacific and Marine
Issues Brings Declines Improvement Comes
for Some Stocks Before Midday
MV VOIWC, Nov, 13.
Tlie action of the stock market in the early trading; today was u distinct
disappointment to both tho Important ImnltlnR Interests and to tho professional
Kpccnlatlvo element on the floor of the ochanBe. It hud been expected that
uftcr yesterday's orderly trading and that with the satisfactory tono of the
morning's news storks would show moderate strength it least, but the devel
opment of weakness In Canadian Pacific and tho Marino Issues unsettled the
entire market for a time after the opening, when severe losses wero sustained
In many issues.
Stories were circulated that tho dividend plant for Mai tin prefened had
been abandoned and that stock sold down 3, to 93, with the common falling
2 points to 21. Later these reports wcro denied and both stocks made moderate
rallies. Canadian Pacific was supplied In largo blocks, falling 31, to 130i. with
u rally to 132;.
Tho steel stocks wcro heavy for a time, both United States Steel common
and Uethlehcm Steel "IT falling more than 1 point. St. Paul attracted atten
Hon because of Its lack of support, opening down 1 point to a, n new low rec
ord slneo It has been on tho dividend-paying list.
New Haven, on tho other hand, was strong, advancing 1U to 26. Acute, '
interest continued to bo shown In the trading in Liberty Konds. During tho
forenoon tbcro was a largo volume of business In the 4s, which wero traded In
at 39.94 to the new low record of 99.82. The 3h sold nt 99.30 to 93,2(i.
Heading was exceptionally strong all through the forenoon, advancing from
G7'4 to 69U. Tho incrcaso of tho dividend on American Linseed preferred to
7 per cent per annum was without direct Influence on the market for that
stock.
Good Buying of Mercantile Marine Common
It can be said authoritatively that tho character of the teuent lm.Wng of In
ternational Mercantile Marine common stock has been very' good. Insiders have
. been advising their friends to buy it in preference to tho preferred, on the
theory that tho speoiilatho profit will bo much greater on the consummation of
tho plan for liquidation of the dividend arreatago on the preferred stock.
Tho common, they feel, will reflect in greater degreo tho tremendouf
assets of tho company and Its earning potentialities after the wnr. The pre
ferred, on tho other hand, would seem to bo in n fair way of letting out those
vho bought It on tho rise a year ago and liavo Hinco been nursing a largo loss.
It is figured tho value uf back dividends, to be declared in cash, notes and
common stock, tho latter to tho extent of SO per cent of the accumulation,
will amount to about $6.. in cash. If the old stock, minus tho accumulation,
Is worth ?(!j a share and It ought to be as a C per cent stock then the back
puj incut would give It a maximum market value of about J130.
To say that the Federal Reserve- Hoard's ruling ng.ilnst th iPdlvcountiug
tj tho reservo banks of short-term renewable corporation paper shocked
certain portion of the banking element is to put it mildly. They had figured
hero was ;i new way of raising money that would catty companies oer a
pctlod of high cost of capital with the least cost to them.
To Aid War Material Producing Finns
T'ut tho Government apparently Is determined to finance the requirements
of those companies whose production is essential to tho war and let the, others
take caro of themselves; In other words, by this method eliminating the htipei'
Ilous consumption of matorlals and labor. While some immediate good might
liavo been accomplished by a favorable ruling it would in the end have meant
dislocation of tho resources of the Federal Iteservo banks and militated against
the soundness of the new banking system, which must be prevented at all
costs.
The rediscountlng function of the banks was Intended prltnailly to cover
paper issued for commercial purposes, and to apply It to renewable paper would
mean tho tying up of credit in permanent investment that should be free at
all times to bo used In normal business procedure.
Tho stock market outlook Is considered Improved by many good Judge" of
tho situation. Tho hysterical fright of tho Investors seemingly has subsided;
foreign liquidation lias been finished; tho railroads will receive higher freight
rates and tho relations between business and Government are cordial.
Railroad presidents who have been nt Washington on the rato case feel
their pleas will bo fruitful and some have been advising the purchase of tho
better grade of shares of tin- carriers, which in many Instances nre at the
lowest levels In their history.
Moneg Outlook Not Considered Unfavorable
The money outlook, while not conducive to a broad .speculation, cannot
at -least be termed unfavorable. Surface Indications aro that the maImu:n
preparations incident to tho 18 per cent installment due this week on the
account of Liberty Loan subscriptions liavo been made and that the moiir
market will be in no way affected by it.
Of Interest to holders of Pennsylvania Kallroad shaies, some of whom
perhaps have been concerned over tho discussion of Government ownership,
is the fact that tho $120,000,000 stock Issued between 1900 and 1904 was sub
scribed for by shareholders at 115 to 120 per cent of par value and that all
subsequent issues, aggregating more than $200,000,000, bae been offered at
par. Tho Government would have to take this value Into account In the
event of national ownership.
Holders of automobile shares ate lewlng the outlook with less concetti.
It Is estimated by htcel Interests that curtailment of 2o to 40 per cent of the
pleasure car production would release 1,000,000 tons of steel and that this
would moro than meet tho needs of tho Government. In other words, they
feel that complete stoppage of manufacture Is unnecessary.
Railroad olllclals the country over aro pushing their energies mote vig
orously toward relieving tho car shortage beforo the real winter sets In. Itepte
sentntlvcs of roads operating east of Chicago and St. Louis have a serious
matter to solve, although during tho last week a free movement has been
reported by reason of better weather condition.
Considerable apprehension is felt, nevertheless, regarding the handling of
a steadily increasing volume of freight traffic without delay. Business in some
sections is showing a volume 10 per cent greater than a year ugo, with Gov
ernment business more or less responsible. The labor situation is giving
considerable concern throughout the Hast both on account of a scat city of
help and tho demand for higher wages from time to time.
Foreign Commerce Shows No Interesting Figures
Some interesting facts are disclosed In the August detailed liguies of fot
elgn commerce. Tho very value of war munitions exports compared with
tho previous year is a rather unexpected featute. I'tequently during the
last two years or more shipments of this class mado up from 50 to 75 p-v
cent of tho total exports, 'in August tho value represented less than 40 per
cent and it was $33,000,000 below tho Jauuaiy high itcord.
The total value of firearms and explosives leuvlng domestic potts duilng
tho month was $38,009,803, as against $77,333,515 In August, 1915. Kor eight
months, however, these articles represented a, money expenditure of $3G0,28C,839,
an increase of $83,972,047 over tho corresponding months a year ago.
Exports of firearms alono amounted to, in tho eight months, $73,6i;8,930.
as compared with $19,107,374 in 191C. while in August this character of ship,
menta showed a falling off of about $300,000 compared with the previous year.
On tho other hand, the decreaso in the shipments of explosives, which Includes
cartridges, dynamite, gunpowder, fuses and shells. Is moro strlUng.
DIVIDENDS DECLARED
lajor. Trust aud Bavin FViod Company,
semiannual of 3 oer cent.
ml ClikF Comniny. refulAV ntia.t..lv
T ...i Hu.ku f. i.T. . v.
vg pieifnsii ifu wcu,iir i 10 StOCIC
lard November 3.
m i;artsr company, recuiar quarterly of
: ot record December 10.
af la. ftenninir uomosiiv. reauiar miart...
vr share. payH his December 15 to stock
I Nuveraeer 20,
JLAS SILVER
ifcs.
1MT
lll l.ow
HAILKOAD EARNINGS
CHICAGO CimVT WESTE11N t
1017 lncreuie
1'lrst week la November. .Jj3.5:;2 '.U.4.'"?
1'rom January 1 13.saO.4J, ...... 3
Tnx.iH and pacific;
Klrst week In November. IJJJ.01S ,'.;
From January 1 lo,ol,,8U, 1,u.1.-I7j
HOUTHUHN ltAHAVAT SYSTEM
"US.?.:.1 Nov ebVr.'.1".' S.nil.2 I1M.41S
Prom i July 1 4.l.r,4 S.vj S.102.T85
MOIIlMt AND OHIO
First week In November. I'JSl.iltft IB.fl.l
I'rom July 1 3,01t!,C9i 7U5.HU3
OUOllOIA hOUTIIKIlN AND I'lAiHIDA
First week In November. JO'J.ftnn Ijj.SflT
Frum July 1 l.MS.DOS D7.8UI
DCNVCH. AND MO OUANDK
First week 111 November. 1018.000
FroinJnuary 1 S4.u31.08ll
V ANN Annoit
Fourth week In October. ?-gil
Month J41,7vO
F?om Janulfy 1 2.577.1M)
Decrease.
4&,!00
i.Oll.US
17.779
-JS.-J7
-33,i' 10
NEW YORK COFFEE MARKET
NEW YORK, Nov. 13. At the opening
this mornlnsT the coftee market was quiet
ajvd first prices yere 1 to C points ,lower
under scattered liquidation by Wall street
Interests. '
Today's
opening
Aurust
Heptember
November ..
December
7.00
January
February
March . .
April
Yesterday's
close
7. hi 0 7. S3
T.poorai
T.DKJimil
7.1007.14 7.1607.17
T.za
7.83
7.40T.4t
7.4Hf7.tMI
LIVE STOCK QUOTATIONS
CIHCAfSO, Nov. 13. HOGS Estimated re
ceipts toiUs, 1B.IHI0 head: left over. JJS4 ll-ad:
estimated tomorruw. js.Ooo head. Market
atronir nnd 6a to loo hither than lrslerday-'a
verae. Top. J17.1.5. bulk, tlt.'JO; llxhr tin Ka
&17.55: mixed. 111! K.-,ll7.u5: havs. lrt h.Vn
JJ.nj; rouKh. lln.H.isrw.o-.: jorkers. J17.1.-.4C
!!i3:!i,l,1Jt"- 13.oOW17.j; a-ood to choice.
117,206 17.8S,
CATTLi: Itt-celptji touaj. 10,000 head: to.
morruw. SO.OuO head. MarUt iteadv to lOo
lower, neeves, ii.83Ql(l 4i: cows and heifers.
tl..'.011.7r,i etwkvrs and feederx. r,,M11.5ii;
weitern. IS.KSfi III 40: calves. lt.7u13: poor
to, medium. SlI.STiMlu.l.',.
MIKK1' Ktrelpts today, 14,000 head; tomor
row. 17.000 head. Market steady. Native.
IH.TniH'J; westerns. IH.90W 1S.S4: srarllnas.
111..1014; limbs, IlL'iflUU.',; western J1J.L'3
Will OU.
1UNSAR CITY. Nov. IS. CATTLE lie
ceiots. 13.000 head. Market stroiiK.
HOOH Itecelots. lO.Ouo head. Market
strnnr, .',o higher. Hanae. I1S.U0 to 17.r..1.
H1IEE1' Itecelpts, 5000 head. Market stronar.
SOUTH OMAHA. Nov. 13. HOOS Recelnts.
KTiki head. .Market utronv. llanire. I10.C3 to
tio.:.-
CATTLB Itecelpts. 12,000 head. Market
slow, weak.
HHUKP Itecelpts. 0100 head. Marl.et steady.
Cars. 010.
Supplee-BIddle Pays Extra Dividend
The Supplee-lllddle Hardware Company
has declared a regular quarter!' dividend
of !j per cent and an extra dividend of
10 per cent on the common stock, both pay
able November 15.
Brewing Co. Pays Back Dividends
PITTSBURGH, Nov. 13. The Pittsburgh
Brewing Company has declared tho usual
dividend of Hi per cent on preferred stock
and H of 1 per cent extra on account of ac
New York Stock Sales
l.aft
cloic llllih Low
AKoUbVdMliie
A!lls-nialinerMfg . .,
Am licet Su&ar
Am Can
Am Car& Foundry ..
Am International. .. .
Amllld?& I.eath
Amllldeftf.pf
Am Linseed
Ani I,;nced pf
Am Locomotive . .. .
AinMaltlnt
Am Smelt & lief
Am Smelt A, Ilrf pf .. .
Am Sumatra Tob . .
Am S.ccl foundries ...
Am Sugar Itefinlnt ..
Am Tel A Tel .. .
AmTobarco
Am Woo'en
Anaconda ('ojipoc
Atch Toieka A. H P .
AtriiTASrpf .. .
Atlantic Otllf A: V I
I)aM!n Ixvo
Jlattlmore & Ohio
IlaltlmoreAOMopf
"atonl'as Mining . . .
Heth Steel Clasi II t e
llethlehem Strel pf
Ilroolvljn ItapTtan. .
Hums Ilrother' . .
Ilutte A Sui:r!(ii
Canadla iiParlflc.
Contrl Leather t'o
Centr.il Leather Co f
Cerro de Pasro. .
Chandler Motor. .
Chesapeake A. Ohio
ChlOtVetpf .
Chi Mil A St Paul . .
CMMIlAStl'pf
CM A North extern
("hi N'onhnettpf .
Chi K I A. P.ie t c
Cltl&Ptliirpftr ..
C It 1 A P 7 It pf t
Chib- Cupper .
t hlno ('i pj,er
Co'orailo I'iiH a Iron
CoiuiiiMa (lav A. i:ic
ConoMdteil tia .
Con InenUl Can
t orn Pioduets Itef
Corn Products ltef pf
t'lurlb'e Sin 1 . .
Cubi Cane Suear
Cuba Cane Sugar Pf
Delaaarn A Hudson
Dome Mmvi
Dlsilllers Securities
Krle
Krle 1st f
(laton S A-
fieneral Kiectile
(leneral Motor
Goodrich II V Co .
tit Northern pf .
Ot Nor r for ore p .
flrei'iii-Canau'.i Cop
tilllf Stitrs steel
Haskell A Marker
Illinois Centra' . .
liisplrithin Copper
Interboro ( oimi'
Interljro Con pf .
Internal Mer Mar ...
Internal Mer.Mjrpf
Internat Paper .
Inlernat Nickel
Kan City South
Kellj Sprlnsfie'd Tire
Kentiecutt Copper
Lack Steel
LehlKh Valley
l.oulsvl'ieA Naskrllle
Manluttan I) erated . -Mamrll
Motors .
Mamell Motors 1st pf
M"Xleaii Petroleum .
Miami Copper
.Minn A. ML lieu .
Mlilvate Steel .
Mo Kan A Texts
MoParlflettrfs . .
MoPacpftrrt
Nat Conduit A Cable
Nat Knain A Stamp
Vat Lead ..
Nev Con Copper
N V Mr llrake. . .
N Y Centra'
V V N II A 11
N Y On A Western
Noifo'k A Western
North American
Northern Pacific .
Nova ScotUS A C
Ohio Cities ()a
Owens bottl- Machine
Pennshanla It It . . .
Peop'e's (ias Chicago
Pitts A West V.i
Pitts Coal
Pitts Coal pf
Prc-ed Steel Ca;
Pullnian Co
Hy Meel Spring;
Hay Con loppn
Keadtn:
Hepub'lc Iron A-steel
Saxon Motor . . .
St L an l'ran
Sc'ars ltuehiick A Co
Mia fuck-.rlo:ia ..
S'os-sherf s i. r
Sinclair Oil .
southern Pacific
Southern Hy.
SiJiltliern Itv pf
studebaker Co . ..
Twin Cop A C .. . .
Teias A Paclfie . .
Texas Co
'Ililrd Avmue
Tobacco Produrts . ..
1'nderwoodTjpe.pf .
Union Pacific
United Clsur Slore.
Untteil 1'rult
Utiltedltjs Invest
U S Cat I P A U . . ,
U S Ind Alcohol. . .,
US Ind Akoholpf
U S Jtul.ber
US Steel
U S Meel pf . .
UtjhCo.p'r ,.. .
Wabash
'.Valavhpf.v
Vrsp-rnMarjiand. . .
Wts.lnjIIAM
Wheel A Lake Urle
Wl!:ou&Co ,
Wlllvs-Oietland. .
Wisconsin Central. . .
3. ...
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Iteflned Sugar Unchanged
N1JW YOHK. Nov. 13. The refined supar
market remains unchanged, with the Amer
ican, National anil Pennsylvania companies
quoting fine granulated lit 8.3Be. Tim Fed
eral and the Wurner companies and Ar
buckle Brothers continue withdrawn. Itavvs
C.SOe.
HOLINESS MEETING STARTS
Two Prominent Kentucky Ministers to
Address Philadelphia
Association
Two of Kentucky's best-known clergymen
the Ilev. H. C. Morrison, Wllmore. Ky
and the Hev. J. (iregory Mantle. Louisville.
ICy. will FpeuU today at the twenty-third
annual convention of'tbe Philadelphia Holl
nes Ahsoclatlcn. The convention onena to
day In old St. Oeorge's Methodlxt Kplsco-
pai unurcn. rouriu irm oeiow vine. Tho
nemlons will continue until November 22.
Preachers and workers expected to take
part In the convention are the Ilev. Dr CI.
W. Itldout. BUhtp William Pearce. the Rev.
II. V,'. Hodge, the ltev. Henry Klsner, the
Ilev. William Howard Hoople. the ltev. 13.
T. l'Vanch. the ltev, Oeorgo J. Kunz, the
Ilev. J. J. Hunt, the ltev. W. Wl'Hankes,
the Ilev. and Mrs. Jacob Hoffman, Mrs.
Lizzie Smith and Miss Clara Soyd.
Grinding Wheels for Autos
In the manufacture of the modern auto
mobile the grinding wheel plays a most Im
portant part. In one typical plant, for
Instance, the grinding wheel stock room
contains an elaborate system of racks for
the wheels, and the statement is made that
there are now In use 34,491 grinding wheels.
In addition, there are 22,4,79 disk wheels for,
In! buffing ana, polishing., The total
Sales in Philadelphia
H Alliance Inn. lot
A Am lias ... flu
esc M & St P. 39
50 Krle It'U
ju I.k Sup Corp lo'i,
16H Lehigh Nav. :,'.',
334 do wnr v I BT,
inn Nev Cons . . I"
fl.l I'ennii It It.. 4S"H
23 1'hlla Hlec 3A1
430 ! It T tr cfH .1i
(I.v Heading ... . 1H
lto Ton Ileimonl a1).
.10 Ton Mining, ti",
CO Un Ciih Imp i
2130 U S Steel... ti3',H
to Wlllj'M over II
IIOMts
i iiuh.
X3IA0 Lib HoikIs
.".'ju .... (IU.10
lono Pa temp ctfs
l'sl .... 9014
IrtlW.
10 '.4
till
:in'.4
II 'H
ini
;A
Hi
17
IK',
3S'.
3.1
o:'4
3) J
Cil'i
3V4
17
13:0", Nit
P.M. 1 hue.
IO'.Cj 'i
I
an'i ti
ll-5 ?i
10T4 - U
&li '
V4 '
17 H
is'. 1;
3.1 M -
3.1 '..
OH '.'
3". ..
If.
BlPj 'i
3',i
17
-I'fc
t.ovv
Otl.lfl
no4
12 n:,
P.M
Net
ihitr
00.1(1 ..
OO's
STOCKS
INACTIVE IMIILA,
Following nre quotations for Inactive
stocks listed on tlje Plillntlelphlii Stock 1a
changc nnd In which there were no trans
actions todav. Tho prlco given 13 Hie wt
previous clo.'-e.
Amer On Wnr, .. 1',
Arnr Mill '
Amr Stores . . 1 .in'i
Anor Stores iref 113
Huir &. snsu r,ii
lluff . Suin t c if r.n
1 'on Trne .V .1. .. f,7
!"n AMilmlt ... IT
Oeti AMlhltlt J)f.. r,4
Keslon Tel tref 111
lh VhI Irnll.... l!7Vi
I.h V'nl Trim rf. .is
1.1: Hros 2ii;
l.lttl,. Silms Ihill.. 4
Nurtli "lit ;i
l'etina Mult !"'
I'hllH Co .. - -'l'
P n T -7i'
I'll V..sf N J... i'liii,
It S Sleot j,f.. .10'!
Wnr Iron t St. f.t
Win Crnmp " ,
lurl: ltwv .'i
Yorl. nwj- nrcf.. 31
New York Bond Sales
TRADING IS DULL ON PHILADELPHIA
EXCHANGE AND PRICES ARE IRREGULAR,'
Rapid Transit Certificates Lead Home List and Are t
Little Lower Keystone Telephone Earnings
for October
I.l'W
sis
!I3S.
litilg
12 II",
SM
P2',
IMI,
!!"'
.'ni.
Illt-ll
IIiiimi t'-lilN,.n koii H. siv,
SOini llniuk IIhii Tr ." 1IHS IU
ioiki cm (put r.s inju ... nm,
1000 1 'i,i 11 j ) joint is., . 11.1 n::
vniio fhi m . st p v i',s ;i :n
Tooo i;rln rmiv 4h Srr II . . I'.li" Mi"
loon I'rrn, li Udi'iliIlK Mjh.. 11 m in",
I'miiiii .Tpoitiprt. 4Wi ssa. ss'n
MIMHt l.lhrrli llonil 3V4s.... H'l :to tm."H lin 111
dtooo 1111 rnuii 4s 11:1 in lei imi yi 1111
10110 Minn .l l' f ?s .vi 4s.. s.v,
soon Mo P.n Kn 4s ."IV,
:iimn v v fiiv 4V,s jtiiia. . .too
TiKKi Poiinii con rt 4vii(.... n
looilll South Pne est 4s ... TT'J
HKlll oulll n Bill 4s.
s-.i, s.-.;,
r,:t', r.:t'j
loo loo
liov, miV
77". 77'
1111,
T.OOil L' Is of (1 II t ,',s.
:(iiMil On rA, m imo
New York Curb
u
HI',
H7.
in1.
Vpltin rtfs ,
flipsriili'l
( 'lU'llf-ll &. t'o
Cutting
1.1-hlKli Vulli'j fii.il .snlox. .
Miiuin.i f,i,ni r
Itussl.,1 liosr-rninoiit (1S..
SiMlff a f l,pT
M .Ini.p'i Loiui
Suiitniirltie
I'nlK-l MotorH
riilto,l Vi-nU lixlrnsjon. .
WrlBht-M.irtln
.In prt f rn-il
Itl.l Afk
' , ',
;, I mi
7 7'i
3d 2h
r,. ii"v
:i3 :!-.',
ii.i 70
r. 11
t.-.'j ic'.
1:1 1 1
I.". I.".,
31 ;rm
ir.
.MONEY-LENDING KATES
l'llll..l!:i.PIII. Call, :, per cent; time.
! li S Ji per tent. Commercial paper, tluie
to four months, .Ti'iiJii per cent; six
months, E ' rj 5 s. percent.
I Ilcrvp Hanks' Discount Hates
10 nr liver 10 Ovrr.1i) over flu
less up to 30 up to Co up to 10
Iloston
New Vorl
riillmli'lplila . .
f l fill 11,1 ....
Itlrhinonil
Atlantit
I'litctiKn
St tiul ....
VMnno.ipoli" . ,
Ciiiis is city . ,
I Milan
Sun I'rttnciKi.i,
3
3
S!;
i
3'i
3
.
I'j
3'j
4
I
I
t
i
!;:
3'i
I
1
t
t'
1
4
4
t
3',
'
f
Agrlcul.
Over !i(J
, .. r.
Tr.nle Htcpptuim
Up to do Up to it"
Uu'lnti
N. YttrW . . .
i'litl.nlrlpnia ..
'IVfltl.. ... .
IUrlunon.l
Atlatitu
I'hlc-ik'o
St. Uuh . ..
Mlnii'-uiKilIrt . .
Kuni.iH VUy . .
PalMn
Nn rranclKiO.
I'p to thirty .lavs, over rhlrtv (o p!ly, 4 ir
rein; MMy to nlmt. !y ptr cnt; ov.r nlnptj,
U IV I (.Tit.
V4
i'i
3'i
31?
a',
3 'a
-.
a;,
:n,
3
31,
3',
I
4
..
A
")
!'"
'a
Ciim.
illOclltV
31,
I
3's
3
:,"'
3
'.".',
10KEIGN EXCHANGE
Nl'.W YORK, Nov. IS Tin' market for
PVnelRti llxchangu openid (ulet anil not
nppaientlv clinngeil from JIoihIhj'h lln.il
fiBures. SterlliiB was quoted at I. To for de
mand and rabies at 4.7C 7-1G, Sixty-d ly
bills nominally 4.71 '.. ninety -day bills
t.Gfl'.
p'rimc cnliliH h.71',1. checks ,"..70n.
Iltlble cables U'1:. ihtckH 13'.
(iullder cables ll'u, checks ,
INACTIVE NEW YOKE STOCKS
Followliis are (nictations for Inactive
.slocks lifted on the New York Stock K
cliiinKO and In which there wero no ti.m.s
.lcllons today. The price given Is tho tail
previous f-.ile:
A n S 1" rtfs.tOI
.V 11 S 1 P (fn pf I'll
A II H A P prf 1I.V.
Adams Impress .. 1 1 3
Arlianrr llumilv, 12
Advnnre P.uin pf. "-1H
Jiix Huhhr . . . ."o
Aliskn Juniiiu . .';.
A llls-f lllli pref.. '4
Am Akr fllelll. . .J
Am Alt I'liem pf l'"
Am fan pref ... I'.';
Am Cotton Oil . 33'
Am TJxprpi" .... "g
Am Ir,- pref . .4
Am loe See .... ll
Am Ieo tircf . . Ii4",
Am Mall on f... ;'"s
Am Smlt prof A 03V,
Am Smelt H
Alii Sunar prrf. li V.
Am wuinslrn pref n
Mil Tel C'aLIc ...
.Mil T t T 3;1 pf. 02W
Am Tl pref new Hi",
Am Woolen nref. Js
Am Writ Pan til. J
Am 'Ino t.b',d Vn
Am '.Hie I ! PJ'f JO
Atao n O 1st pf . . ;
Asso Oil ... ..... ?!
All lllrm & All. i
Atliin f'osKl l.tne- "
11,11,1 .v .-.-- - - ,,-
llarrrtt Co prjt.ljn
llelh Steel liref .HI
llrltn Un fla '!;
Ilrown Shoo v
llutterlrk 1W
fal Petroleum. . '"
fill Ptrl nref.. .
f .l Psrklnif .... Jj's
fal So 1st pref JO
feiit Fdy C"-',", Tit
Cent S Am Tel..lf
m.i x- Alton .... .
Munt Power . , il."
vimit Power pr .101
Nat Arm,. wt
Nat llOpuit .... S4'i
Nut l.eiol pf . .1(l.iiT
Nat Clk i St pr.Illli',,
Nat i:nm jt mo pr m
Nt lilt Mix lat pf 40
Nt lilt Mex pf. 4(1
Nt nil Mex 3il pf ,-.ii;
N Y o A W... . 17'.
N O Tex S. Mex.. 23
V Y Do. 1 Ml,
N Y f i St I,... 21
N'nrf A Suiltli. . -jl,
Norf A Went pf. 7Ki
Nina Srolla. Mil 71',
flhlo l"uel r.
Ohio lias rts ',.'!
Pnrllli- ii .. . . 24
Pan-Am Pet pf . tin
i-aii-Am j'et prim
es
in'4
till
321'
:.l
uf rt
IVro Murqufttc
ni iir. ti , . .
I'ruurl Htl fur pf
Peoria A Unnt. . ,
J'i M iruuctte. .
rIprr-Arrow , . .
T'lcrre-Armu pf
Pitta fr Wont vt
t'u Mrv urn .. .1 lit
l.ln ,7Vi QulckHllvcr
;iurK((iier pr?r . l'
Headlnir lut pref. an
Heaillru: tM pn'f. :w
Hep 18 prff. . pjji-,
Hoal Dulrh . . il,
Hy Ktl prinsr pf DK
M I H K... . is
Ht I & H V pref . v.V4
Ht I H H Y pref :u
hnai;n ArrriH . ;,t
Rxon Motor . . 4
Hn''lliK pref. . 11 h
HfHtmun A I pf m,
hnuih P It huirnr i.".;;
htHiiiUMllllnir pf ,-,
IIOIL niHllllHlll iV 1 I 1 I w -. 1 .
Chi 41 Aiioii (".:; stutz Motor -i iiT
i'.'ri'-i'il f yn?ef nn4 sul. Steel I. .. a1!
0 S? .I.V5IJ: vA Hu Steel t pf' i "
'" ",',. , 1 p tn Texas i-o rts. ..in
iturnnu-r ,,ii .
Tol,ario l'rt pf
I m I. .. v
. "". v:--u-. n7
font uhii iur.... - -,,
Continental Ins.. glH
Cructulo 8tl Pref M
Cubi Am Suear. 110
Cuba Am Su pf ys
Hel uick ft VI.. ",
l)n & Itlo Or... J,,
Den i mo Or Pf . J4l.
Deere C nref',S2
Detroit Kdlson .-l-J,.
Hire, Stor Hat... JJV,
Krle iM pref..... "
(leneral OiBr.... "
Hen Clltsr Pj..- 2?
Oen Motors vt-y.lf,
OrnbyMln..... T
llulf 8tl 1st pf.lO'J
,lartman.v-
llomestake Ml
lnt Aurleui ..
int .Airicui i-i
PI n .
'P.. "T
Uvni LXLItflMTi;
'-i.r
: a&tl
,1(1(1
lnt llarv
S
ii.
in
p st I, A- V olf. KlJ
TBI I, A " i,V"
Transue-vVina . ' hj
Twin city It T . 71
ItlidervMi,.,! Tjpe, li
1'nil.TWil Tspe iif'm
111 Hail I P new. linn
I'nloo Pao pref . 7.1
I nl fltv Sirs ",f j 3
Plllleit Allov Ml,. ST
1'nlie.t Drue ." i
i!n!'! TU" ,t i'f r.n
1'nlil Drur 2,1 of 7-,
United Dve Woij
1st pref (
ill!!!'''! UHn';r "rJ if,li
wnlled ny Inv nxl
ll.ilte.1 Hy l!,nv,',; ln'g
.ff "'.rrr.-- is..
: s rWWh ti
"i; w iiiu l r. uii iirr. .-.
si rfp'f,Y:. !-l in. X' u
si,r"!it?ii'.!:. ji h 5 ssfli rn'Sf 5
Cent pr...lL'i i.s"2"",r.". I;!
Iowa
Jewel Tea .
Kan City So pre
Keok t D M.
H.
tTtah Km i-rl!w' 7
Va Iron CI t, r p.Zil
4 "ir J!hm...' HT
lr. -t": Tr. . m .!s-r unm nrf unK
VWXSI Bu SgfiftiB?"..??
svesi AlU 2fl tlf.. 2S
West Pan n, &... 17'4
JV l.-Over pref! 70
Wilson Co pref., on
,,uji,miu i. ... .11 J
Minn ft Ht t, new 10
1 ... nuh ft Tlre..J
m a P?.r-:?o7
ir.isictfipf.-4Q
Lprlllard "!
Manhatfan ,ach I
do
an
M.nhnttan 1C1
liav nintur .u
,ay Dept Mors
Trading vuti dull on th Philadelphia
r'lock i:.elmliKo durlnif the flint half of
today's Kc.sslon and the inarku vuis Irregu
lar, but with most cliatyren In pi'cex on Hie
.side ot hd values, fnlled StaU-K f-'tcel com
11KMI made up nearly nil the lm-l ik-i-m mid
was louer. with Ininsiirllon.s tctallni; around
J.'OO slinrcH nt tbo end bf the Ilrhl hour.
Ilnpiil Transit trust celtlllcaliiH vveic the
liii tt Bctlvp of the home Ftm kn mid vieie
(iff a (piarter, ot '.'."i other traelloii Isstir
eie limrtlve. Lake Superior i'orinriitlon
vias a little blither, but lb- tumnvei' vsa
llKht and Inucli below viluu hh expelled,
due to the uiiumm.!-activity jeHteidiiy. I.e
hlKh Navigation Mock una up a Miiall fi ac
tion, but the warrants were off a trllle
Philadelphia Kiectile w.ih unih.iiiKfd fioni
yehterdn'n cloying limitation nnd I'liltfd
(loH Iuiproveiiient picked up a Miiall fiac-tlon.
ltallroud shaies were tiaded In verv
tie, with Iteadlnu; it ijuarter liltlier
Pennxylvarihi losing u trllle. ivi. .
hlBhcr mid til. Paul lovv.r Th hi.
lit.
andl
ti. .,,"
Kiiln In the early tradlnn wag recorded li
American (las. which advanced J-!
a ralo of five HmrcF. Alliance I S"
wan marked up 11 half. Nevada c. Lor,tt?c?
'ciinci
S anl
1 fraction, while Will, s-Overlan, deZ'J
.. ' , , ,,"" ' "L,r '"icliaiieij.
I lie bum! (IIvihIoii wiik ipild ..1,.. , .
::', s,dlln at Ve.te..l,..v'H laKuote
;i.,s ta.i.l.;s f ,,o KojMone ' Zi
fompKii, durlm: (Mobor. Ilstires of Wnun
. iimi ..til ...l..t ....... . .... l "IllCfl
v.. 111. ,M4 V.-VI..J. unr rlOu.lBX nil ncs
of $l;:tU. a oouipa,,,. vvllh iMolVr.1
Inn, tho net decreueed Ui;..", (, J5i 7i .'
ten montliH the Kros.s whm ?1.3u!i.i'i4n" u csh!
of $1)7,532, aod (,.. 1K. was JCnisoi i
COTTON SALES SMALL,
WITH PRICES HIGHER
No Decided Improvement in
Trading Commission Houses
Supply Limited Demand
t OTTOS lltXT l'.Tlli:it COMIIIIONs
NhtV Mlllls, Vm. l.'l. 'llie folliiMlnit tem
peratures were re, nnleil In the niltiin hell litis
imriiiliirl I orl N111III1 mid Oktillmlii I. I)
Vriiinli)s. Mlnllle noil Asliellllr. Ill l.lllle
lliiik. Irkslmir end I InilliitiuitKii, Kb s.hree
porl, Itirniliigltniii. Ulniviille mill It.ileleli
IK) Milleur. M11I1I.V. Peiisni nln, Vlrrliliiu.
VliKdii. Mr.nl RT(.llirrs mid Ml nidi. .".(I: l(;
ce. In. A3i 'sun Antonio. 'I liotinix'lle mill
1 lliiifnilliiii. .Ml New Orleans mill .IikKsiui.
x lite. .1(11 I'nrpiis ( lirlstl mill Del Itlo. ."'Hi
t.altesliin, t liiirleslini timl saimiinih, (l).
Iltere was .01 Imti of preii'iltnl'iiii nt
I'ensiMolii mill li.illanooicii, .Di 'il Aslievllle
anil Vlaeon. .1)1 nt AiiriiIu and .IK at Allnnlii.
N10W YOHK", Nov 1 "
Dilslness was coinpariillvely small at Hie
opotiliiK of the cotton market, but the tone
was Meadj, pilce.-t beiiiK three points IiIkIi
er to one point lowi r. Liverpool, Home
loom opeialorn and uptown InlereM-" wire
bu.vtrs, while the supply t.inie I10111 room
t nidi IK. Wall tleH and coinnilrslon houses.
The lievss vmih about a standoff. 111 the
opinion of students, and the mine w.ih sail
of vveatliei com! lions, tin' map showliiK
clear loiiilitloiis In the West and lIoihIj
with lluht pivi'lpltiitiiin in Tennessee and
iicorcla. Tcmpvialurea were sIIkIiiI, lower
After the call, 11 ilinmiid developed and
liriceM, within ten minutes, were tun up four
to seven points. althoiiKh there was 110 de
cided linproveiiKiil In IradlnK winch 1011
tiniied intlier limited
Tlio receipts, nt the pints for (lie d.i are
e.sthnated at t.'i.oun baler, airilust r,1.::47
balea n vik 11K0, U,, 176 bales u je.ir ati
nnd Ij.I.'iI hales two ;nr.-. nno.
II
V" I'lllM Opill 11.111
iKieinler .. .27.21 27 11", 2113
.tntiuar ... 27 2.1 27.22 .'7 10
Vlanh . 211 il.. 20.1.S 211 CI
Mav . . . 2H III '.'il. Ill 20 .l.'i
Spol . . ,'."l I.. .
Liverpool Cotton
I.IVI'IIPUOI.. Nov 13. Theio was a fair
deiiiainl for spot cotton todav, with prices
linn on the hafts of "l.PDd for mlddllm.;
'Ihe sales weie ."Odd bales. The receipts
were 33ml bales, all American. Kiltures
weie unsettled In the nrly il"allilBM. Spot
prices were: American. inlddllUR fail,
23. I'd; -od mlddlliipr. 22 IT. I; mlddlinc,
2I.;i.'d; low mlddlliier. 21.12d; Rood 01 d I nary,
20.2 Id; ordinal y, It'.S'Jd.
Cotton Buyers and Sellers
Ni:' YOltlx, Nov. IS liicember Sel
lac. Milihell. Itilssdl. llailcoru nnd .Mcdee
bid; lloiikini. Wachi-inaii, i,eir and .Mit
chell offered
Januarv iicer. Cone. Ilioidan, oivis,
UaKidoin and llattcoin bid, Hvmati, (ill
ford, It. Hubbard, HupMns. Peeis, .Mont
Komery, Schiller and llearilsley "ollired.
Sliireh Itloidan, Hyman, M0010 and W.
C lllcks bid; Hopkins. Ilentz. Cllfoid, Mit
chell 11ml Hnrtcorn offered,
.Ma.v -!. Oiiinocus, Weninan, rilnii, t.'ar
(lo.a. V. Hicks, Schlffer, ItU'well and Kiee
111HU bid; Helilz. Cone, Peers, Itjuian and
(Jeer ollered.
Jul I'm roll and McCeo bid: Johnston
oft (.red.
II 3ii 13
a ni in
27. PS 27 lil'i
211 us 2(',",.l
311 :i7 -'a '1.1
LOCAL MIXING STOCKS
TONOl'All STOCKS
Jim lluller
Mai Naluara
Mliluny
Ml-pali Kxlclllloli
Vlunt.iii
Northern star
I tv ne i;ula
W. hi i;n.l
IKIJ.liriKI.1i STOCKS
AtlLlllH
IIIU" Hull
Iloolh .'
lilaniiii!i!!l(ll 11 II
Daisy . . A
Kiisanaa
1
S.ilnli-liini Keiel.ili
Sllier Pill
Misci:i.i.ANr.nt'.4
Ar,.oliH t'llltf d
Net.nlii Wondir .-
Teiopa Mlnlntf
I'M
,;i
.is
. IH'3
.01
.e t
.02
's
.111
l.hll
2.1
Ask
.711
21
.12
10
I
.117
.10
.70
.Ml
HI
.III
.1'
Financial Briefs
I MAV IJBDl Olui"'l.i:
. .r Si?-.?,-" Ff:'?o jra: r X?u ?V8
I MlchrCntral.,..it, I,?fiV5.i'a I
" ..w,,v 3SJXl'X .oumuifttatj Cviai4, payable Novewbtr 0 1 ralue-.'ofjTrlndlrul, wheel ana pllhIntT HoK?.y.Mi', il!- JHi'cZSJr. " -Uti
riP" .' "",,t'JUf"isVi ' j-.-- ..r-.-'z -m rij;.l.--. - - .,--- 7 Jlii. 1. im:i.i 5.viJsienric -. 1- gaFy 4 m.n -.W, . .'l1.'t;...i..lW .
I fir ff"-4'-v.'gT.Tt, T-"-W.iHfe iw'?t''c, tfgfr9lVmWi r'; , x''tlMl'-IVftft''' J-- V' 'fS
J. Taney AVIUoox, assistant secretary of
the Pennsylvania Ilullroad, lias accepted .1
commlslHon asj captain In the office) of the
chief ot rmburkullon at Washlustoii. Mr.
Wlllcox was granted 11 leave ot absenco by
tbo railroad company for tho duration of
tho war.
Tho American Cotton Oil Company ie
ports for the fiscal jear ended Auifust 31
net prollts of $2,U3l,u4:, compared with
K'.alM 2112 the vear before, llalance for the
year was $1,S34,012, tho equlvulent of $1.55
a share, compared with "7.01 a share the
previous ear.
(Iross earnlncs for October of tho 1'nlted
National Utilities Company weru ll.113.CS7,
atfalnst JDC8,774 the same month last jear.
.The Kaln is tH4,911. dross for the ten
months ended October 31 was J10.118.SU1,
an Increase over the previous period o(
1,:4!),709.
Tho New York Subtreasury Rained $119,.
000 from the banks yesterday, lnaklnt; a
cash net Bain E.nco Friday of T?."i!),000.
At the Investnient Hankers' Association
convention, In llaltltnore. 11. W. Kendilck
3d, has been nominated for treasurer, and
J. Johnson IVanl for membership on the
board of governors.
Heports from 173 of tho lartfe raihoads
leavlnir twelve yet to be heard fioni. show'
that durliiR September their revenues were
1347.12 1.,'"2. compared with 3I.1,017.!i93
for tho rtaino month last year, l'xpenbea
were (23G,240,tli2, ouahibt J197,514,119
leavinp net revenues of ?110,8ii0,310,
against Jl 17,503,474 for the same, month
last year. Operating Income was Sti,l9i .
S84 compared with '104,008,981 last Sep
tember. For tho nine monthu ended with
Keptemuer, me revenues were $ 3,887 243 .
3'6, agalnut '2,569,597,111 for the Kama
period ot lafct year.
Extra by Mortgage Guarantee Co.
The Philadelphia Company for Guaran
teeing Mortgages has declared tho regular
semiannual dividend of J3 per share and
an extra dividend of $1, payable December
iz, 10 siock 01 recora issovtmBer 30,1 Cti
will be.maU4s:. a, -.v v . ;
$18.1136 more than HuiIiik ll.e coriu.'pwrtlS
period of Inst Jear.
SETBACK IN CORN
SENDS PRICES DOWN
Belief That Reaction Is in Order
After Recent Upturn for
Technical Reasons
Mt.m llll.r VM'.MIIKIt IOItl.C.sT
(IIICAliO, Nov. 13. llllnnl.. Vl..0ur.
V.,i.(l.lli. Miiinrsutii ,111,1 lowu 11,,,,,!, ,i
iilrht mill UrdnrsiiiDi nut ,,,,,, I, M,i u"
Irnnirraliirrs, "'" '"
Nurlli li.ikntii nnd Moiil.iii.i (jenrrullr fair
lonlnlil ;..ii VVeilnril.i, s nut mud, rhsiite M
lenil eiuifles. c '
. ;,l",l'1"',1"",'' r"lr, n"lelill.MiliM-.iHr
inrtls iliinilji nut sunt It ilninge, In leinmrs,-
eliriil..i iinil' liunsas I'urtlv rloinlr 1,.
nlBliI mid Vleiliirsilaji not 111111I1 ilmnr. 1,
teniperiilure. '
tVsoinliiK I'nrtb ilouil) noiili riiiI renlrsl.
posilil snoH rvlrrme soiilli lonlthl ami
VVeilnesiliis, ""
CII1CAUO. Nov 13.
Traders In coin appeared to favor a re
actHn this morning and the late position
illppid below yesteidaj's close under In
creased pressure. It was thought that a
setback was In older lifter the recent up
turn for technical reason, nllhuugh basic
conditions lemaliKd unaltered
December bold well and the new eah
nitlcle was quoted nt all the way from
J 1.25 to $1.80. 111 iilliiR lo quality ljj.
eeniber opened 11 1 1.2ui fi 1 2u'j, against
$12uU at the end taU'ida, and later
sold at $1,211. .May, after opening at $I.16'i
fil.l.lTs. iiKalnst $l.l."4 at the doso ves
terday, dicllned lo Jl.l.,',,, later recoverlnj
the loss. Tli" tecelpls here t dii were 281
cars. The inaiket at Liverpool was llrra,
with spot offets rtatce.
O.i ts were i-ii.er iniib r piolit taking Tin
cash position was dim. but It was thought
that the mem iise would atliaet larger
offers, fiuiii the couutrj
December siiulxl nl UU'.e lo CS'iC,
iiRnlnst illl'sc at the close jisUnlay, and
(lei lined to bile, later recnVeilliR May open'
id at. (il';e to :'.i,r. comp.iKd with 63jC
at the ( low .vesteiday. and after receding
to ClI-Si', movid upw.u-d Tho tecelpts here
toda.v win. ::;,7 cars. The inaiket at Liver
pool was linn.
Tho leceipls of wheat at Minneapolis nnd
Duluth loda were .i t" 1 cars, iig.tli.st 610
cars; Vlnnlpe. 1229 cats, compared with
s.V.i cats, at Chicago, 1'!K cats, ngnlnst UO
.ars The Reneial sltuatlo'i at Llveniool
temaliicd llrm vsltli inoderale evpurt offers.
POLAND'S COLORS SEEN
ON FRENCH WAR FRONT
Veterans of Russian Brigades
to Fight Shoulder to Shoulder
With the Recruits from U. S.
- -
ARIMY TO BE AUTONOMOUS
German Prisoners From Poscn Bcp; to
13c Allowed to Join New
1 Corps
y HENRY WOOD
l'AUIS. Oct 3 h 111.UI).
Tho new autonomous Polish army that ll
being oigaulzed .in France to fight on the
western front for tho eventual freei'om of
an Independent Poland Uiih been augmented
b the tlistnient of Poles of the ItussUn
brigades that for a jear and a halt past
have been lighting on thu "'tench front.
Willi., iti,. ni.u.- iViliiii itrnii will be com
posed largely of Polish recruits from the 43
United Stales, tho enlistment of thet
veteians of both the Itussian and French
flout Is considered of value.
hi eonjuni lion with tho Polish volun-
.teers vi ho served during tho first Hired
vears of the war In tho I'lcnch tanks, and
who now foini the llrst troops of tht
autonomous Polish armj', theso picked,
trained and expeflenced troops slvo the
young Polish army a solid military nucleus
that Is expected to have n great Influenc
In tho organization of the new armj. TheM
Itussian nnd Polish veterans, with Hires
yeais of aitual warfare behind them, wilt
be used largely in drilling the new re
cruits. Tho enlistment in tho new Polish army of
these contingents from tho Itussian brigades
in Prance was done with the full pennls
4lon and sanction of the new Itussian pro
visional government. All Ilusslans of Pol
h oiigln or extraction were allowed their
ivvii cholco of either the Polish or Ilus
dan army for futute service.
The Journey of these new Itu.ssUn volun
teers across Krance to the Pollah camp,
where the new army Is being organlied on
an Independent autoiiomoua basis, was a
sort of tilumpbal procession marked by an
Incident of most striking Interest. The lo
comotive drawing the train flew the crimson
and white tlaV of reborn Poland, Althourt
the HiililieiH lllllng llie cars wore tho Ku
dan uniform. In which they had come to
Krance. together with tho medals conferred
upon them by the Czar, they chattered la
Polish and Polish colors were pinned on
their breasts.
At eveiy station at which the train
stopped enthusiastic crowds greeted them.
Then as tho train came Into a large sta
tion In the centrul part of France strann
cries were heard from an opiipslte track
of the railway. Twenty Herman prisoners.
all from Poscn. who were employed in
linloadlne frrlirht nam. veiled with BUrpriM
Las they beheld the train bearing tho whit
eagle of roland and the Pollili nauun..
colors.
Their surprise turned Into bewilderment.
9H 111 iinuiiMr In (hole erleu ItlPlS t)Olped
out of the windows of every car tho heads a
of Itussian soldiers, wearing the caps or i
the Itussian army yet trimmed vvltnoui r-
ceptlon with the Polish colors. News 01 i
formation of tho new autonomous l'''?n
army was given, and to a man the Polk
fleriTsnn nrUnnnrj tlieau? ilnwn their WOtK-
Ing utensils and begged to bo' allowed to
join their brothers In arms for me in-,
pendenco of Poland. ......v
It wa only with the utmojt diffleuitr
that thev warn mnrte. In understand tha
under the International lawa of war they.aj
Motwra could. Ht' be. alwweito wm'-v
Kll&.2- i1'"
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tir'4-
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