T.w-snr
JH&rtXttifSTSTTt? rsByti' re, " var. rjAi- ' j - ,FTPHan'treT '' ,'V TrarfCT''rWffWIKX''f- 1 -y s ' "m 'T'f "TFnBllMMMI'j-tCJrK. J--' """I If!' 'If '"fflllHraHMglHBEmTWWniMM
?-w v .- iavmae-pcBriBr tarocftftr? fignjidWfi ' ftflWB&iFflrjfflw rflull
"VA V,. ,,, , ..r.fcK,
.5 ' v
. . t, - f ' m t. '. .r ,y
:WS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK MARKET
n -t t j- t
'. tiiv . '' Y.. '
QUOTATIONS $
5CULAT0RS BUY SPECIALTIES
IN THE NEW YORK STOCK MARKET
t Element Is Not -Disturbed by Tigbt Money Situa
tion International Mercantile Marine Ad-
T vances Steel Declines
r
f
w&
Tf ?. n in t n- i ir
gy nign roinis in loaay s financial netvs .
pj. Specialties attracted attention of speculators on" the New York Stock
tchangc. Marine shares were prominent because of expectations of
cm on sale plan of British lines. Aetna Explosives teas the feature on
Curb, 'but that Issue was loiecr. The grain market was strong, with
fertngs light. Cotton was irregular. Foreign exchange continued dull.
In extra dividend of ISi per cc7it was declared by directors of the Cambria
el Company. Bar silver was unchanged in Acw lork and London.
feVS
SKSTr
4A-S''
as.f.?f,
New York, Auk. 15.
The speculative activities In the stock exchange today were concen
trated to a great extent In specialties, partly because of prevailing money
is (Conditions and the pressure brought to bear by financial institutions,
lUffc Which have resulted In steps being taken for a reduction of purely specu
r I latlve lines. The demand for funds by the Federal Reserve Bank were
jsw.conunuca and resulted in general calling or loans again touay, oui ior
iff tome reason the speculative element refused to accept the money sltua-
RRlrt no n datarmfnlntf fnptnr li mirkot nffnlra nnH tho tirnfpsslnnal trnd-
tfi- - D ... -. .
!V.M n11nn.nJ l...,l ..!..... .. I.V. .... muni, nni fl .1 n- n.. na mftt Villi. Int. Otn.l0
'liCIB lUUUVt CU 1IU11 UU1I1L- 11L11 il 11IUV.11 l.UllliU1113 a V..... fc...j.. u.uw...
igk at advances where bullish deelopments were promised.
jfft'f This was the case especially with Marine preferred, which ranged
SB, Sfrom 97 to 101 because of a belief that the directors at a meeting this
W'&f afternoon would make a formal announcement In regard to the plan for
piC ''the sale of the British lines. The C per cent bonds moved up from 96?
ESt'Sto 98. but as those bonds must bo called at 110, if the property is sold,
l-jSs the movement of the bonds could not bo regarded as confirming the re-
k. Ti '.,,, nr. tV.loV !. attnr vna nHvnnnoil
r v.K to t.i nuitii fc.iw u.v..,. ,. w .... ....... ..
American Writing Paper preferred made a gain of more than 3 points
?rt"to 38 and held a good part of this gain at the end of the day. Amer-
l m i t 4i . u 1 .. .,nnlnli( l ii UlnVi unnl nnarnllnne
lean xiiue ana j-eauier wu unuuifi apeuuu m "i- ivv. vij,huiw
lvere conducted without regard to the general list, and that stock ad
vanced 1 point to 83. h
United States Steel declined about 1 point in the early trading, sith
a fractional rally In the last half of the day, and the leading railroad
stocks also sold oft about 1 point.
C rm.- -... U Vinn1 mnrtral nno IVio linn W trOfllnr 4n TjlhPTtV
fvftjr J.I1C 1. Celt LUC Ui. UJQ VJU iu.iv "o -"vt vj k.u...o -i
is Issues, many large mocks or tnose Donas cnanging nanus, ruremu uu-
J1 .. xnA mnfA ctfrtnrr arA t rn Inn n 11 v lileVinr.
l, vijiiucut. uuuua iic w o"urj t4. .fc.w.....rf .......
miT
SCARCITY OF OFFERS
m FAfTOR IN TORN PIT
RBir """ " -
m?
E,Shorts Cover, Being Uneasy
pOver Continued Light Re-
ceipts and Bullish Weather
3 r Chlraeo. Auc IS
Jl A Brarnltv nf nfforlne u.tq tho fnrtor
Vfa a stronc market for corn here today.
fcs, There was a flash of easiness at the out-
"Bet on selling due to a favorable weath-
r man. Tlivlni liv rnmmlwlnn hnnqps
i,A et In Immediately and prices responded
quickly. Shorts covered, being uneasy
Sj over continued light receipts and bullish
ceiaus in me weeKiy w earner ouueiin.
fi s Around midday vague rumors about
.peace started a little selling, which
!?&MklHa n itAnnf Iah Vtfr 4kA a?a- m aoa
tSSKPorts was of brief duration, and final
r.j' . . . :
KWices were not rar rrom tne best.
I J" t UlO flEtD UU1I UUk 111111, ll,IIUYIHK
I tady to a slightly lower start. Offerings
ES&were light and shorts nervous Reports
',mai me uovernment naa purcnasea zsu,-
Q0 bushels overnight helped the tone.
Receipts continued heavy and threshing
jgreturns remained favorable. No export
B'.Vi. Thfl fiAat r.n Allirl.at nnm n.n a 1 HI IL' .
fifTi . Mufc u.. u;u.3h ,u. ,. ,, a& a.u- ,
kr4ie uuiiuiD .i oi'TB aim me closes i.bu,
Sy;ainst J1.59?i at the end yesterday.
LyjThe top on September was $1.62?;, the
tjottom W.SO?., and the final $162ii
94,?i.2H, against 1.61i at the end yes-
feffiwraay. xne top on uctoDer was i 63 i ;
?3.the low 11.62 U. and the final SI G3iO
.1.3, against $.1.02 at the end yes-
a, teraay.
C The best on August oats was 68c
fw nd the close He above the bottom at
i1f8Hc, against 68c at the end yes-
fwifeterday. The top on September was
Sftf-tSHQl the bottom 68U, and the final
''3 CDUeQUf. nrnlnot RfiU.o nt Via anil
IS yesterday. The high on October was
F?Fj'"4c: the low 69"o and the close
Kg yesterday.
LvfK ijcaainr rucures rancea as rouowa'
A. .tCorn (new delivery) Yes'cJay's
'S?ii Open High Low Close close
IS ct. ..'.'.' l.'o.'U i n l nj' 103?. ins".
fcy-., Oata
SfSeut. ... ? nnu (,s T4 (1SH
'74 ID U'
D(L
XAra
i6 Sept. ...
n.
CD?
701
26 RS
26.75
26 R2
26.72
fs.!r v.
itvr IJIfc
IWW- ...2
i&Oci. .....24.80
??,":. i-ore
44.33 44 3U
Bid.' tAaked.
24 T2
24 87
24 6
24 80
26 R2 26 7S
26.7J 26 6S
24 70 t26 87
21 85 24 80
44 00
44 30
t44 no
T44 35
COTON IS NERVOUS
FOLLOWING FIRMNESS
Disposition to Even Up Com
mitments and Await Effect
of Present Price Level
New York Stochs
J
Net
ehue.
- "tt
. , . nieh Txnr riose
Adv Itumely .-. 10 16 10
Alaska Juneau. 222
Allls-Chal Co.. SSH 33tt V
do pref g3 H3 83 Y
Am Agr Chem. 06 dt l6 31't
Am Ueet Sugar flg4 oT4 68 H
Am Can 47 46V4 0 "A
Am Can pf . . . DH4 01V4 W'i SV4
Am C & P Co. 4U 84V4 8IVi M
Am Cot OH.. 41 40 41 1
Am nido & Lth ih isn iy; 4-1
Am 11 & II pr 80H 82 86V4 3Y
Am Int Corp. . 113 (13 03 "Xi
Am Ice Seo .. 34V4 33 84tf
Am Ice Seo pr S0M1 nOVi 80V4 V
Am Linseed .. 41'4 41K, 41K, V4
do pref ... 70 71) 70 1
Am l.oci pr.. !)9 fl9 00 4.4
Am Smelting.. i tK 7JTA
Am bum Toh .lo 12814 128H i
Am hteel Kdy. 71 74 74
Am Sugar ... muTf, iooh loV4 1
do nref ...lto iin 1111 l 1
. rr.-1 n. . ... - " l
11! 1U1 XQl Ud
Am Tob pf nw 1)7
Am AVool . . . 8H
Am Wri V pf. 38 Vi
Anaconda .. . 66 Vi
Atchison . . . 86 x,
At CouM Line 03VA
Ualvvln Loc Co 1)4 T
Halto & Ohio, fit
Uarrct Co .... 02?fc
Ueth Steel D . . 8T,
T,rd0.8 ,P Pf .101t
Brook Hap Tr. 4t
Booth Fisheries 20ai
Burns Bros. . . .14
O-i',4
S8S,
36
66
86
o-.,
0J
02 'A
ty,
M
113
58 U H
-t-)4
38
fiO'A
80S,
ini
03
r.v
02'A
811J4
103 103
41 41
2U 26VA "A
112)1 112
11 11
60 6()A
101 l.6
68
34 Vi
B7VA
48(,
77T
01 Vi
25
n-.VA
7(Vi
16VA
39
47
35
71
43
68
29
81
58
11VA
31
20
40
1
!
60 1
34
57 VA
48
78 VA
Of ,4
25 Vi Vi
61 Vi
76 .
161ft -t
39
47
35
71
41
68
20
1
58 ..
15
31
20
40
New York, Aug. 15
The cotton market was nervous today
and after dlsplajlng firmness In the
forenoon It receded There was nothing
specially fresh In the news and the
disposition was apparently to even up
commitments and await the effect of
the present level of prices on edrly mar
keting. The feeling was general tint a de
cline must come from pressure of of
ferings of the new crop, but southern
celling remained insignificant. A rep
resentative of an Atlanta house said
that there was more Inquiry from east
ern mills for new crop shipment, but
that It was difficult to get together on
tho price.
A cable to the effect that Germany Is
open to a reasonable peace 'offer met
with favorable comment
The bullish 'Watklns' report placing
the condition of the crop at only 67 2
and Indicating a deterioration of over
11 per cent for the first half of the
month, and the western belt forecast
for continued dry weather, except pos
sible showers In extreme western Texas,
served to sustain the early market and
send prices some 18 to 2C points net
higher.
The bulges, however, seemed to meet
increased offerings from one source or
another. Including some southern sell
ing, and the market turned easier.
Butte Con&ZInn in.
Cal 1'etrol pf. 60
Cana Pacific lno
fen Leather. .. 60 v.
Cerro do Pasco. 31
Chesa & Ohio.. B7
Chi M & st P.. 49
do pref 78
Chi & Newest . . 93
Chi It I & Pa0 tc 2-
do G pc pf. . . -
C1U & V 7 pc p 76
Chile Copper . 1VA
Chlno C Cop.. 39
Col VI &. Iron. 47
Col Gas &. i;i. 3-,
Cont Can .... 72
Corn Products 41
Crucible Steel . 68 )i
Cuba, Cane Sug 29
do pref .... 81 Hi
Distillers Secur 58
lle 15
do 1st pref. . 32
Gaston Williams 29
General Clg Co 80
Ocn i;iec Co... 146 145 14B Ji 1
vcitcmi .uuiuia ma xaz 103 -f-3
do pref ..... 81 81 81..
Goodrich B h 45 46 45
Granby Mining 81 81 81
Gt Nor pref... 92 01 Hi
do Ore subs. 32 81 32 Vi
Gr'ne-Can Cop 45 44 40 4-
Illinois Cent... 00 90 96 ..
Insplr Copper. 01 01 01 VA
Int H.irv N' J. 127 120 127
Int Ilarv Corp 6V 64 64
Int Mer Mar.. 27 26 27 1
uu prei luojf)
Int Paper J7 v
Kan city So.. 18 s,
Kenneeott Cop. 33
Lee Bub & Tire 21
Lorlllanl P . . . 106
do rights ... 18
Max Mtr 2d of 20
I Mex Petiol .101
I Mldvale Steel. . 01
Missouri Pac 24
do pref . . 07
New Vork Ctnt 71
N V N H 4. H 43
New
York Bonds
1
J85000 Anglo-Frch Bs 95
20000 Am II & L 6s. 101
5000 Am For Sec 5s 98
3000 Am Smelt Bs.. 88V4
JOOOAmer Tel Bs.. 87
7000 Am Writ 1 Bs 86(4
B000 Armour C iV,B 82V4
3000 Atchison 4s .. 81
lOOOAtlan Co L 4s. 79
1000 Halt & Ohio Bs 79
2000 do cv 44s.. 76V
10000 Beth Stl Bs '36 81 &
4000 Brnden Cop 6s 91
9000 Bordeaux 6s.. 95V4
1000 Cent Lea 5s.. 91 Vi
B000C & O cv 4s 76
1000 do 4s .... 76
1000 do conv Bs.. 8li
10000 Chi & A 3s. 394
2000 Chi Gt W 4s. 574
39000 Chi B & Q 4s. 94
1000 Chi M & St P
,n r,tA 4s CD
1000 do conv Bs . . 79
9000 C it I&p rfd 4s 68
1000 Col & So 4V4" 73V4
29000 City of Par 6s 91
9000 Con Gas cv Gs 91
1000 Del & H rfd 4s 80
6000 Den Ac 11 Gr 4s G7
12000 D & It O rfd Bs B3V1
BOOODom Can 1931 92
1000 do 1926 .... 92Vi
1000 Urle conv 4s
ser A 48
8000 do 4s ser B. . 48
51000 Gvt Fr It 5b 98)1
1000 Hud & M In 5s 19H
28000 do rfil 6s... 69i
1000 Ind Steel Bs.. 94
12000 Interb Met 4s 50
27000 Interb HT r 5s 78
197000 Int M Mar 6s. 98
2000 Jap n G s 4s 80 8
16000 Lack Stl 6s '23. 95
3UUU LK Kll 4s '28. 85
IiOV
94
101
2I
88
87 Vi
86
11
79
79
76 k
81
73
i
Cloto
94
101
97
88
87
86
82 Vt
81
79
79
7G4
81
91
94
14
76
76
81 J
39
B7
94
69
79
68
73
1J
99
80
67
53
92
92 Vi
48j;
48
98 ?4
19
51 H
94
60
78
97
80fc
95
85
1010000 Lib It'd 3S.100.08 100.02 100.02
91
94
94
76
15V
81
39
07
93
69
79
67
73
91
19
80
67
51
92
92
48
48
M
19
69
94
B0
78
96
80 5,
86
7
36
1H
33
21
106
18
20
DOT
36
18
33
21
156
1
20
100 VA 100
52 02
21 24
57 07 . .
73 73VA
4 1 41
1
s.
Vi
VA
.106 106 106
Norf & West
Northern Pac . 89
Ohio Gas 38VA
Penna 11 It 44
Pitts & Wett . . 30
Pressed Stl Car 70
Hy Stl Spring. 61
Bay Con Cop.. 24
Beading
Bep I 4. S . .
Itep I & S pf .
Savage Arms.
Sinclair Oil .
So Pacific , .
Southern It 11
Studtbaker . .
Tenn C &. C wl 10
Texas Co 101
Tob Products . 72
Union Pacific .124 123 124
uu Uigur a... iu'4 lMJXi 1113 -f- VI
u o luu illLUl.l.ji liiYi 12 7 "Hi 74
. 0
. 02
.1(11
. 73
JIK
. 87
. 24
44
89
37)4
44
3-
70
01
24
89
91
101
73
.11
86
23
43
10
101
71
9
37 1
44
30
70
61 .
24
89
02
101
73
31
86 1 &
24
41
19
l-'l
71 K
486000 ilu 4a 03.00 01.76 03.81)
41)000 do lat 4a... 04.20 04 10 04.14
1081000 ilo 4a ....05.60 03.40 05.08
5(1000 do lat 4s. . 04.20 03.84 04.20
602000 do 2il 4a..03 88 01.70 0184
13000 Marseilles 6s.. 95 94 95
IIOOOLjons 6s .... 95 91 95
1000 Mldvale Bs .. SSa 88, 88",
37000 Mo Pac gen 4s 58 B7 67
6000 Mont Power 6s 89 88 81
11000 NYC&H6s94 94 94
2000 do 4s 77 77 77
3000 N Y Dock 4s.. 67 67 67
2000 NY G H & P 5s 87 87 87
1000 NY & NJ T 5s 97 17 97
5000 N Y Ry Bs. . 22 21 21
5000 N Y Tel 4s 86 86 86
9000 Nor Pac 4s.. 31 81 81
10000 do 3s B8 BS B8a
2000O.1WR S. N 4s 73 72 72
1000 Pa 4s 1948 .. 84 84 84
31000 do gen 4b. 8G 86 864
5000 do 4s 1921. 97 97 97
1000 Pub Ser N J Bs 76 76 76
4000 Read gen 4s.. 83 83 83
(.000 Read-Jer Cen
4s res .... 83 80 83
8000 Sine Oil Bs... 92 92 92
25006 do war 7s... 95 95 95
5000 SLI M d So 4s 76 76 76
2000 do Glf 4s... 71 71 71
1000 St L &. S F ajt
6s 68 CRH 68
1000 do In 49 49 49
13000 do Ser A 4s. 59 B9 59
1000 do S11 B 5s. 74 74 4
23000 Se.i All adj 6s 65 54 61
1000 do rfd 4s... 57 57 57
3000 So Pac c 5s.. 91 91 91
1000 do cv 4s 79 79 79
1000 do rfd 4s... u 11 '
300nRnRwv4s ... 61 64 64
98
99,',
95
97
58
6000 US Gov 4s regl06 100 10G
2000 US Rub 6s . 80 80 80
19000 U S Stl sf Bs.. 98 98 98
21000 U K of G B &
I B".s 1919. 98 98
32000 do new 1919. 99 "i 99,',
B6000 do 1921 95 ya 95
10000 Va Car Ch 6s 97 97
5000 West Md 4s . 58 58
1J S Rubber. .. 01
01
01
1
October .
Januirv .
March . .
M.iy
December.
August .
Yestelday'a
close Open
10 47 .1(1 60
2' H-' 20 ill!
L'9 77 1U II"
2H 20 21 17
20 (10 211 (M)
30 40 30 'iU
Hlffh
30 71
31) (l'i
311 III)
I'll 17
.(0 14
30 GO
Low
30 20
2'J 18
:: ii
111 711
20 01
20 00
Ilst
.10.47
21 8 1
211 un
2(1 83
2!l lilt
30 50
U S Steel 111VA 110 110
uu jnui iui liu"fe
Utah Copper.. 81 81
Va Car Chem. 51 00 )4
Wababh 9 0 i
do pref A.. 38 ft 38
West Union Tel 70 78
West'hse Mfg. 44 43
Wilson Co .... '58 08
Wllljs Overl'd 19 10
110V "A
81 ,
61
i'l Vj
38 ..
7!)
41
08 i4
19
Totul Milea. 272,100 shares, compared with
269.100 nlmret nterduyi thus fur tliii. week
1.024. too slmrest bunio iieriod uit week
812,200&lmres.
& dividend Llsreett & Myers preferred.
3. llaj Department Stores. 1 . Interna.
tlonal Nkkel 1, American Cotton
American Tobacco. 5.
Oil. lj
RAILROAD EARNINGS
CHICAGO AND EASTERN ILLINOIS
June Bro'S
Six months proas ..
Halince Tfter tuxes
Net opt ratine income
Decreust.
1018
12,202 (I'll)
11.2-iH 2J7
II 1.112
3UU I VJ
Tne
J4II.V 1".
1 '202 1117
1.741' 11(1
1.077,013
NEW YORK BUTTER AND EGGS
New YoA, Ails. 14 BUTTER Steady.
Receipts. 7597 tubs. Unchanged.
EdUS Irreeulir Receipts 14,148 cases.
Firsts 4143c; seconds. 37040c dirties No.
2. 2134c, checks, under grade 2030c:
white eggs 0204c. western and southern
irithereil whites. 4253c, hennery browns,
.10S3c.
IXW
If PHILADELPHIA MARKETS I
Igp GKAIN AWU FLOUK
Ife VrWHEAT neceipts 184,054 bushels The
4' market rulea firm. Quotations: Car lota in
port elevator (povemment standard Inspec-
::fi.S9; No. 1. northern sprlne. 2 30; No 1.
.hard winter, $2.30, No. l red winter ear-
KVivicy. Vii io. rea winter, ..ati, ro -,
Ij C northern oDrlnff. SJ 3fl: No. Ii. hard winter.
Blia.Se; No. 2, red winter. Karllcky $2 34;
IMaprWl 12.82; No.' 3 "hard winter, $2.32;
No a red winter, garlicky. 12.30.
$ CORN Receipt 1250 bushels. Trade wai
kijqvlet. but values were steadily held. Quo-
anona: tir ioia iur lmjtti iruuc .iu m
Uow. tl.8S1.00, No. 3 yellow. U.SQ0
hi
OATo neceipis. iz,du Duaneis. ine mar.
it was autet and unchanged with moderate
. .MnU aHapItiiii fldnfarlnnvi Mrt '
IS, white. 82 H 83c. standard white S282Vic;
sJTNo. S white 8Ui 82c. No. 4 white. 80081c.
4 PIXIUB Receipts 1.180 387 lbs In sacks.
3T Trade was slow and the market was bare)
Ht7..teaay, wun zairiy imerai onerinss. wuoia-
r"Ytloni: To arrive, per 100 lbs. In D8-lb sacks .
fLi Winter wheat. 100 per cent flour, J10 25
MS in Kn TiT i-!eia whaat 1 An rvf int flftllP.
?-. I.ia4 - i ...i--i, inn .- Ana-
"7ill.15Oll.40
UIE r iJUn was uuii nnu untu iiu,ru.
' We auote $9.75 10.75 per bbl . In sacks.
,a to quality.
t SH ruuTJJiuiiQ
i Tha market ruled firm with a. fair iob-
r oemana, foiiowinc were tne quotations;
beet, in sets, smoked and air-driea.
fo; western beer. In sets, smoked, 47c;
' oeer. Knuckles ana tenders smoKea ana
nea. sc; western Deer, KnucKies ana
dera. smoked. 48c; beef hnms, $(); pork.
uiy foo&s; hams, a v. cured, loose.
ftZoi do. skinned loose. 31032c; do, do.
knd. 83035c: other hams, smoked city
mill as to brand and L.verave. 32 034c:
W-Z. w- - Minaked western cured. 32031c: do.
C- -hoiled. boneless 40c picnic shoulders, S. P.
fe1tlll't loose, 2SHc; do. smoked. 28c; bellies.
P T i pickle, accord in r to average, loose 34c
ts Lima inn i ukcuii, iu umuu ouu bciii
tliir1"! curea, ic; Dre&HUBi uacun, ,2 it
r'jT"wr"a, ic; iara, wrsiern. rtiiueu, "Lr u71
WTO. pure city, Heine renaerea, -iu.i7v.
REFINED SUGARS
Ttwmaxket ruled Arm under llxht otterlnsi.
aemana was onir moaeraie. ve nuoi.
, baau or J. ouo lor nne Kranuiaiea.
DAIRY PRODUCTS
CE3E Olterinrs wee llsht and tha
ftt ruled Arm. with demand fair.
MlAr.ii Nenr Vork. whole-milk, fancy.
u-261 02Sttc: specials higher, do. do.
to cood fresh. 254 02Gc; -Wisconsin.
uk, lancy. -.'DHV.unc; uo, ao.
IEIt The market ruled firm under
Serlnxs and a fair demand, yuota
i fallow: Solld-oacked creamerr. extra.
kiiher-scorlns roods, 47040c: extra
VVT.ui A4-AS. F Vb. n,vnimt v sr
, brands of prints Jobbing at n20o4ct
sic; iair o troou ai tfvuc.
IB i? uio newirtiu H nvin nm
B n un uml firm InItolnC 11 r tltt
r ? r."- --". - ;t. ". ..
alts; jrree castrs, r.earoy nmis. ia -
i Mr-Ainnnara cmc: currfiii rn:eiii.
rr Mf T8tfB x ft $13.50
per case; firsts $12 00(13 20 per case; fancy
selected eggs were jobbing at 505Jc per
dozen.
POULTRY
LIVE row Is advanced lc under llsht of
ferings and a fair demand Other descrip
tions show ed little change Quotations;
Fowls 3i?B37c. sprint chickens, not Leg
horns eiuhlnfr IV 2 Iba aulece. 3H42c;
weishlnff 11 lbs. apiece, 300470, white.
Leghorns nccordlnx to size, 3430c roost
ers 2.1 0 J Ac, clucKa Pekln, sprlnir, 34(P.10c;
do do, old 30032c do Indian Runner,
2ftffi2Kc; guineas, per pair $1310145,
pigeons, old per pair, 30035c; do oung. !
per nalr 2sO30
UiEtyaL.lJ YHIUPB WrfP Wfll BUSlitlllCU
under imht nnerlnes and a lair
mand. The quotations ranged as follows
r resn-Kinea rowis. in nbis , rancy. ury
LIVESTOCK QUOTATIONS
ChlcufO, Aug. 15 UOQ& Receipts "0 -000
head, lelt oer 013U head Jlarket
steady, 15o lower. Top 110 73, bulk lh
Id 50, butcher heavy. J8 U010 85, medium
llBht Jll 30SP10 B5. packing heav, $17 7050
1H 23, medium mixed, $17 OU015 75, lliiht.
l'll73, pigs. J1818.30, rough. 117 23
17.7'.
(All I.i: rtecelpts 13 000 head Jlarket
er dull bidding unevenly lower, except
few biKl corn Uda und canners. Cahes,
23c higher.
SHEEP Receipts, 17,000 head Lambs
active, firm Good and choice western sold
$18 23. faheep slow to lower.
Kansas City. Aug. 15 CATTLE Re
ceipts 5000 heHd Jlarket slow and weak
HOGS Receipts. 3000 head Jlarket
steady with jeaterday's average
bHEEl' Receipts. 3000 head. JlarLet.
Emt nuffnlo, N. Y.. ALg 15 CATTLE
Receipts 75 head. Market steady.
CALVns Receipts, 60 head Jlarket
steady, 718.
1IOOS Receipts 1200 head Market slow
easier. Heavy. 120 5020 05: mixed and
jorkers. J20 0320 75: light yorkers 120 23
20 50, pigs. J2020 25, roughs, J17 50&
17 Ti staus I12K14 50.
1 SHEEP AND I.AM11S Receipts 300 head.
aiarKei strong. x.amua, f i-tv li.ts. uthers
unchanged
picked fancy selected 30ttc: weighing 4 . iop, no .
lbs and oAer apiece, 30c: smaller sizes. 32
South Omaha Aug 15 HOGS Receipts
7000 head No trading early, prospects
Inner Range. I17.80W18 00
CATTLE Receipts 2100 head
bHEEP Receipts 8000 head Cars 221.
Pittsburgh. Aug. 15. HOOS Receipts.
1500 head Market steady. Heavy. $10 50
IB 05, heavy yorkers. $20 50020 73, light
yorkers and pigs $2020 25
SIir.EP AND LAJII33 Receipts 300 henrt
i I Market steady. Top sheep. J12 50, top Iambs.
,.,,,. ,, . .
LAI.V r.axieceipv. iikiiu AiarKei steauy.
Total t.ales, S"i,401,00. compared with M.
MS.flVm S,'tfrU.iM lliii J-r this .!
704iotK): snuie period hiit week, 24,K7Z,00O.
NEW YORK INACTIVE STOCKS
Following; are quotations for Inactive
Vew York Btocks and in which there
were no transactions today. The price
Khen i-s the last previous sale:
Adams Hxp.. Bl Manhattan Hi 51
AJax Rubber. 02 Manhat Shirt. 65
AlaSK UOia 1L li ..mi. ni.ouiv.u in
Am AirrCh nf 92
Am 7. "t I- Vt 49 H
Am Ilk Note 34
Am Bk K pf.JBl ,
Am CiFpt 107 V4
A C C & St L- 32
Am Coal ... 52
Am Kxp 90
Amer Loco . . 65 "n
May I S pf. .102
Max Motor. .. 25
Max Mo 1st pf 59
Mex Pet pf. . 96
Miami Copper 28
M & St L nw 11
M S P & SSM 89
Mont Power.. 72
Mor & Tssex. 30
Am Malt pt. 43 MK&T 5
Am Shpnld Co 30 M K 4 T pf . . 9
Am Smelt pf-l$G Nat Biscuit.. 94
Am Sm pf B. 89 Nat Clk & St. 59
Am Snuff .. 9T Nat Enam&St 51
Am Snuff pf 110 Nat Hn & S pf 95
Am Tel S. C .50 Nat Lead 59
Amer Tobao 1G4 Nat Lead pf.100
Am "Wool pf. 95 n R n. of M
Amer Zlnc&.L 18 2d pf 5
.&u i wwuu-, .- NuHna u con 20
Asso Oil ... 59
Atchison pf . . . 81
Atl Blr & Atl 9
AUG & Wl pf 64
Bald Loco pf.100
B & O Pf .. 57
Barrett Co pf.102
BatopiliB Mln Wt
BrownShoe C
Brown S pf..
Brunswick. . ..
Butte fi. Sup
Cal Petrol
Cal Packinc .
Cent Fdy
Cent Fdy pi
Cent I. pi
68
97
11 K
2C
19
41
32
43
ioiK
Certalnteed P 33
Certeed 1st PI i
New O T&Mex 20
N T C & StL. 16
N T nock.... 24
N Y Dock pf 46
N Y Air nke 127
N T O . W. . 20
Norf & So. . .. 21
Norf & Wpf.. 76
Nth American 39
Ohio Gas rets. 63
Ontario Silor. 10".
P C C el St L. 50
Pan-AmPet pf 94
Peoria & East 4
Peo Oas & c 45
Pjcrce-Arrow, 39
AETNA EXPLOSIVES
THE FEATURE ON CURB
Stock,Unrlcr Prcssure,Toucbe8
Lowest Price in Long Period.
War Orders Neglected
New York, Aug. 15.
The most Important feature of tha
tradlnc on the curb today was the con
tinued pressure against Aetna Explo
sIos, which sold down from 11 to
11. the lowest price touched In a long
period.
There was no news to account for this
continued recession, but attention was
attracted to the fact that with the ab
sence of further information about liti
gation looking to control, thero has been
a steady supply of the Btock from Bos
ton, which has found a market only at
contlnunlly lower prices.
War order stocks were generally ne
glected, Wright-Martin again selling at
9 and 8 and a sale of Curtis Aero
plane was made during the forenoon at
36.
Submarine Boat, which sold yester
day at 16, yielded today to 16. Amer
ican Writing Paper was exceptionally
strong because of the strength in the
preferred stock on the exchange, and
advanced to 4. Burns Brothers
was quiet, selling at 36 to 36.
Independent oil stocks were irregular,
Houston Oil falling three points to 78,
while Cosden was steady at 6 and
6$i.
There was a spirited demand for Stan
ton Oil on the good reports from the
property, which- were believed to add
greatly to tho alue of its holdings in
Kentucky.
IMIUSTRIALS
-.. . . Rid
vetna i;xpiosles .... 11T4 12 12
Am Brit Mfg 3 e
Am Marconi 3 g ...
Am Writing Paper... 4 4 ..
Air Reduction ...... 00 70
Canadian Car Co 30 4r
Con Car & Fdy pfd 711 00
Charcoal Iron 7 8
Chevrolet Motors 135 138
Cramp so 84
Curtiss Aeroplane.... 30 sn?4 ..
Carw en Tool 0 g
Carbon Stool ng 122 "
Kmerson Phonograph.. 1 2
Federal Dye 2
Hendee Mfg 10 20
Lake Torp Boat 4 15
Lehigh Coal Sales... 85 87
Lima Loco 41 4g
....i.Mui iuunitions. . . ,
Marlin Arms
N Y Shipbuilding...,
Nor Amer Pap Pulp. .
Otis L"leator
Peerless Motor
Poole Ens
Redden Truck ......
Scripps-Booth
Standard Motors ....
Steel Alloys
Submarine ,
St Joseph Lead ...,
Todd Shipbuilding ,.
Triangle Film ,
Unit Profit Shar...,
U S Steamship
United Motors
United Sugar
World's Film
Wright-Martin Air .,
Zlno Concent
Tea close
Ask (sale)
75 81
44 40
3 3
47 82
15 10
40 (10
1.1
20 28
13 13
4 G
IB 17
14 14
87 80
6 0
31 31
30 33
9
3
16
31
Chandler Mot 88 f, J r PT. 97
Chi & Alton . 9 , l" w pf. 80
Chi Gt West.. 7 V.r-;" "Jt
Chi Gt W Pf. 24 i.
C C C X.SO... 33
duett Peabdy 52
Col Sr Ariz . .50
Col & South. 22
Col & S 1st pf 49
Com Tab Reo 27
Consol Gaa. . . 90
Cons Int C M 11
Cont cap pi.
3"e old roosters, dry-picked. 28c: broiling
chickens, western Inncy welgning 1 lbs
apiece and over. 4041c smaller sizes 3H03
39c: spring ducks. Long Island and Pennsyl
vania 8dS7c squabB. per doz . white,
weighing 1()12 lbs per doz, l0R2'i, do.
weighing 9010 lbs per doz . 77 50. do.
weighing 8 lbs per doz , tnftn 50. do weigh
ing 7 lbs per doz , S 4 50(95: do weighing
R6 lbs per doz. S14. do, dark. Jl 50
02 30: small and No. 2. Il2.50
FRESH FRUITS
Prices Generally were well sustained un
der muderate offerings and a fair demand.
Quotations: Apples, Virginia, per bbl , 12 50
VU, do, do, per -bushel basket, 50c$2,
do, per bushel-basket, $12 50 Peaches.
Delaware and Maryland per 0-basket car
rier, J23 23: do West Virginia, per 0-bas-
Kec carrier, i.73ts'2 ou demons, per box
CHICAGO BUTTER AND EGGS
Chicago. Aug. IS. BUTTER Receipts.
7031 tubs,' Extra creamery. 44Wc; extra
firsts 43Vi 44c: seconds. 41H 48c
EOQS Receipts, 9818 cases Market unchanged
1018
High Low
mil; gnu
BAR SILVER
Tester- Last
Today day Thurs,
Vow T'k fetal BWA OsiH 00S
" . - ". ". .- ...i. .a.. ...;. .-.7 . .' T
L.onaon tp'coj ott oti ota -ion 41
Local Meat Market
The following report of the fresh meat
trade in Philadelphia Is furnished by the
local livestock and meat office of the Bureau
Grapefruit per box, )43 Grapes, 1 rlrulture
Delaware, per 8-basket carrier. 11.25 01 30
do, California, per 4-basket crate, 12.73 W
8 50 Pears. California, per box. 11.75
4. Plums. California,, per 4-basket crate,
SI 03. Cantaloupes. North Carolina, per
standard crate, S1&1.75: do. do, per pony
crate, 63rSl: do, do, per flat crate, 30c:
do. do, Ridgways, per standard crate, 12
02 50: do. do. do. Tver nonv rrntn 11, An
f Delaware and Maryland, per standard crate.
tv- oh: ao ao per pony crate, TSCWll.SO:
do. California. Turlock, per standard crate,
1308 50: do. do, do. per pony crate, 12: do,
do. do. per flat crate. 1 50. Watermelons,
Southern, per 100, 135073; do, per carload.
12000550.
VEGETABLES
Demand was only moderate but prices
vtnenllr ruled teadr aa follows: White
potatoes Norfolk, per bbl Vo 1. 3 50 6
i25 NU2' 1'25S?-fi0 White potatoes.
Ka stern Shorn, per bbl No. 1. I3.&O04 25:
No. 2. $1.2302 CO. White potatoes. Jersey.
per H-buih basket -No. 1. 8090c: No 2.
40053c. White potatoes, Jersey, per 150
lb. ba No. 1. $3.504: No. 2. 13 92 23,
Sweet potatoes Jersey old per hamper
No 1. $292.50: No. 2. $1.2591.73. Sweet
potatoes North Carolina, new. per bbl
J) 1. $67.50: No. 2. $2.50&3.75; culls.
$202.60. Sweet potatoes Eastern Shore.
new, per bbl. No. 1, $78; No. 2. $2,500
75, J-ettuee, New Tork. per crate. $102.
Celery. New York, per bunch. 15lM. Peas,
Nj" YurK, per bah. Imrkct $102SS
Onlpn Jersey per -bush basket $1.-"fft
1..V); do, do. white j)r bush. hmper. I'O
a.O'J, do. per lwflb, ba, $3.5O0i.
PWIST-T TlEEP RecelDta mndratt marlrAt
Arm; demand eood for better grades, fair
for others
STKnilS Receipts moderate; market
strong; on cood beef at $24 to $28 per cwt.;
hindquarters of common kinds active, fore
quarters stow; demand fair.
SOWS Receipts Hunt, market steady at
$13 to $17 per cwt.; demand fair.
nULbS Receipts light, market slow at
$11 to $15 per cwt., demand light.
VEAL. Receipts light; market strornr;
heavy and medium-weight calves. $17 to $20;
cholsn lights. $23 to S23; demand good.
PORK Receipts light; market aboutsteady
on frozen stock offered at $28 to $33 50 on
loins, demand fair.
I.A1H1I8 Receipts moderate: market fullv
steady at $28 to $11 per cwt.; demand ac
tive on cnoice mmus
MUTTON Receipts moderate: market
rrnnir on crooii mutton at rfl In lft nr
cwt.; slow on light ewes at $18 to $20 per
cwt ; oemsna iwir
NEW YORK COFFEE MARKET
New Tork, Aue. 15 The market for
cofTee futures opened Irregular, with
prices 1 point higher to 2 points lower.
Trading was light and confined to the
September position.
Test.
Open lllffh T.OW Close r'n
X 711
Deere u Pi J
Del & Hudson 110
r I.. . v . .100
Den & Rio G 4
Den & H f pi jy,
Det rdlaon .-125
D S S & At pf CSS
Dome Mines.. 8Vi
Klk Horn !-. -J
J'ltts Coal pf . . 81
i-onci uk u (Jo 19 9i
Pr Stl Car pf 98
Pub Ser C XI 11
Pullman P C.lll
JJv Stl Sp pf 1001,4
PeadlnR 1st pf 37
Heading 2d pf 38V5
Royal Dutch. 104
Stand Mm., .ti
Cont Ins Co.. B0U S?Y2c?.Iot0"- .It?
Corn Prod pf.lOOH l JJ&eSaatlri "94
Crucible Stl pf 90 14 & 9 P pf 27
Cuba Am Su 155 Ml; & S W pf 21
Seab A t, pf. 20 U
Sears-Hoe pf.116
Shattuck Ariz 15H
So Pac R Sue.125 "
S P R S pf.107
Rloss-Sheff . . 63
South Rwy pf. etv
Std Mill nf. .. sou.
Krle 2d pf... 2UI btudebaker pf 84V4
Fed M & S pf 33 4 tutz Motor.. 40 Vi
Fisher Body.. 37 Sup Steel 434
do riref.:.. 90"4 S Stl 1st pf.. 95
Gen Clg pf.. 99V4 Texas & Pac. 15
Gen Chem .180 Third Ave... 10
Gulf S Steel. 85, Tide Wtr Oil. 186
Gulf & aTnn 75 Tob Prod pf . . 93
Haskell & Bar 47 Tol StL&W ct 6
U.v Vlon ...101 T St LAW nf IK
Hartman Co. 41 Transue-Wms 39 f,u'n"t
Homestake M 72 Twin Cy Rap. 40 I l perme h
Inter C Cor.. 7 U s strs pf.,110
Intn Cons C pf 37 U Un.Drs- 2d pf 77 V4
Int Har C pf.108 United Frult.127
Inter Nickel . 30 14 Union Pac pf, 70 Vi
Inter Salt . 55V4 UnRwvInv.. 8
Iowa Cent ..28 Un Ry Inv pf 17V4
Int Nickel pf. 83 II S C Ir P7. 14
Jewel Tea pf 91 U S C Ir P pf 44
Kan C Sou pf 55Vi U S Ind Al pf 94
K C FSS.M pf 59 U s Hlty Imp 15V4
Kelly Sprgfd 50VS U S Rublstpf.loiH
Kress S II . . 55 U S Sm Ref 42V4
Lack Steel . 84V4 USSiJlpl. 42V4
Lake K & W. 9H Var C Chm pf.105
LkKftW pf 19 Vulcan Detln. TV,
Lehigh Valley. 58 Wabash pf B. 24 V?
LIB A. My T.165 West Md ... 14
Lig & My pf.104 WestMd2dpfS2
Lorlllrd P pf.102 West Pacific. 22
Loose-WIl Bis SO West Pac pf.. 63 2
Loose-Wiles . 25V4 Wheel & LB. 9V4
Loose-WilesB 26V4 White Motors 46
Loose-w Bis Willys Overld
. 1st pf 86V4 pref 82
Loose-W Bis Woolworth ..111V?
t 2i, vel-'V..?9:. Worth Pump. 62
Louis & Nash 115 V4 Worth P & M
Mackay Cos.. 74V4 pf B 76
Mackay Cos pf 64 Vi
STANDARD OIL STOCKS
Illinois 148 155
Ohio 812 817
Prairie Plpo 250 255
Stand Oil of Calif... 212 217
Stand Oil of N J.... 517 623
Stand Oil N Y 260 270 260
INDKPEXPEST OIL STOCKS
Barnett Oil & Gas Vi A A
Cosden' & Co 6 6 6V4
Hilt Basin 5V4 5 .5
.Federal Oil 2 2V4 2V&
Inter Petrol 13V4 13 13V4
Houston Oil ..78 80 7DV4
Merritt Oil 22V4 23 ..
Midwest Refining ...IIS 115
Met Petrol 1V1 14 1A
Ohio Fuel 12 17 ..
Oklahoma Ref 6 7 6
Sapulpa Ref 0V4 6 ..
Sequoyah V4
Sinclair 16V4 18
Atlanta 3 4 3
Big Ledge )J 1 1
Butte New York .... V4
Con Ariz 1 1 1
C F S & Jeromo .... 1 l-f, if.
First National 1 2 ..
Goldfleld Merger .... 2 3
UoldncM Cons 22 25
Goldfleld Florence... 0 12 ..
Goldfleld Kewanas... 3 5
Green Monster A V4
Hecla Mining 4 4 4l
Howe Sound 4 4
Independence Lead... 2 4 ..
Jerome Vei de A A
Jim Butler 58 60 00
Jumbo ljxteiision ... 0 11
McKInle Darr.igh . . 38 42
Magma Copper .... 81 33
Mother Lode 34 30 36
Mines Co of Amer.. 1' 1V4
Nevada Hills 2 4
Neada Wonder .... V4 1 ..
Nlplsslns 8 8 ..
Ohio Copper j 1
Ray Hercules .. . . 1V4 4V4 4
San Toy 0 11
Tonopah Intension... 194 III 1
United Verde 37V4 38 ..
West End Con 1 1A
White Caps 20 27 27
Yerington 4 6
BONDS
Bethlehem 5s 90 100 90
Cosden Oil 6s 79 81
Cosden & Co 6s 79 81
Cudahay 5s 97V4 07V4 ..
Russian Gov 5 V4s 65 5(1 ,,
do 6V2S 58 68
So Hallway 5s 98 08V4 ..
Sinclair Oil Cs 79 81
Todjl Shipbuilding 6s. 96 09
Philadelphia Stocks
10 Am n pf "ish
40 Bait & O 54
10 Bald Loc 94H
20 do pref. loo
IOC R I&P 24
10 Corn Prod 43
lOUIcc'stor. 5SV4
12 Gen Asph 30
10 Inter Pap 80
13 Leh Nnv. an
308 l'enn Rit 41 Vi
Low
61
64
94
100
24
43
63V4
30
36
8
A A
35Phllai:iec 24V4 24Vi
Aim. !i 211
100 Ton
131 U G I
66 66
N't
Close chKe,
61 1
64 1
94
100
24
43
83 ..
30
30
69
44 y4
z2ft H
65
203SU S Steel.111 110V4 110
..i!?'0!. nl. 754 shnrrs, romnnrrd -nlth
?. ,"! xstrrdnri thus fur this week,
16,907 slinresi name ierlol Inst week, 12,202
tlmr,s.
IIONDS
8500 Am Gns &
J31ec 6s 79
1000 Bald Loco
1st 5s. , 09
1000 L N cons
. 4V4... 90
600 Lib Bonds
3V4s... 09.00
2700 do 2d 4a 03.84
7700 do4Vis. 05.50
3000 Phlla UIcc
. 1st 6s.. 02
1000 Span-Am
Iron Cs 9914
nl00'.""'"' "17.400. rmiipureil nlth I4.
400 iesterdai thus fur this neek, 1 101,900;
same period last neck, $61,700,
'. , Nt
Ix)W Close chite
79 "19
99 09
90 901
99.60 09.60 .40
93.40 93.84 ..
95.10 95.20 .30
92 93
09 'X, 99 6
Local Bid and Asked
Today
Bid Ask
Amer Stores 20 3D
Hrlll J o 1 i-5 J7
Unit & Suaq t o ... 50 no
do nref 50
Baldwin Loco n3 lll'i
Electric Storage ... 5.1 r.Jt
General Asphalt ... 30V4 31 4
. do pref 0'i 07
Keystone Tel 7 8
do pref 47 41)
Lake Sup Corp.... 1111! lilt
Lehigh Nav (Ih'4 no
Lehigh Val 08 s 09'i
Penna It 11
rhlia, Eleo 2'i 24V4
l'hlla Co 2U'i 28
do 5 p c pref.... 14 23
do 0 p c pref. ... .12 31
P R T t c 27V4 28
Heading HO UOVi
Tonopah Pel 2 .1
Tonopah Mln 2 2
Union Traction .... 37 38
U Q I HI WV4
U B Steel 110 111 :
W Cramp & Sons.. 80 82
Tork Ilwy 7V4 V4
do pref 30V& 32
DIVIDENDS DECLARED
American Express Company. regular
Quarterly of 11.50, payabte October 1 to
stork of record August 31. ,
Gillette Safety llazor Company, regular
quarterly of 2 per cent prr share, and extra
1 per cent, both payable November 80 to
stock of record November 1.
National Sugar Refining Company of New
Jersey, usual quarterly of 1 per cent,
payablo October 2 to stock of record Sep.
tember 9.
..P. W Woolworth. regular quarterly of
1 per cent on preferred, payable October 1
to stock of record September 10
Canada Steamship Lines, Ltd , regular
Quarterly of 1 per cent on preferred, pay
able October 1 to stock of record Septem
ver 14
Swift Co dividend of 12 a share, pay
able October to stock of record August 31
General Chemical, regular quarterly of 8
per cent on common, payable September 3
to stock of record August 21.
Sherwin-Williams Company, regular quar
terly of 2V4 per cent and usual extra of 2V4
per cent payable August 10 Books close
August 14
Goodyear Tire and Rubber Company, regu.
Jar quarterly of 8 er cent, payablo Septem
ber I to stock nf record of August 20.
Standard Oil of New Jersev, regular quar
tery of $5 a share, payable September 10 to
stock of record August 20
American I.ocomotUe Company, usual
Quarterly nf Iu no, rnt nn .nn.mnn n
lit per cent. on preferred The common Is
unuit wmurr
STOCK TRADING IS EXTREMELY
SMALL ON THE LOCAL EXCHANGE
Business Largely Made Up of Arbitrage Shares, With
Steel Common Taking the Lead Price Changes
to Lower Levels
t
Trading on the Philadelphia slock Exchango during today's session was
exceptionally small nnd uninteresting, with business made up very largely,
of arbitrage shares and price change generally to slightly lower levels. Home
issues were neglected, Tonopah Mining Being the only one or tho entirely,
local list to appear during the first hour, and It came out unchanged.
Steel common took the leadership, 'but cen that stock was slow and
closed off , Baldwin Locomotive, which made such a good showing
on the big board yesterday, declined Vi and Rqck Island was off V4. Penn
sylvania was taken at yesterday's closing quotation and International Paper
dropped .
Announcement was made at the opening of the suspension of the brok
erage firm of Kcmmerer, Matthew & Co., and a few sales of Baldwin common,
Rock Island and International Paper were sold "under the rule." Otherwise
the announcement was without Influence In the market.
In the afternoon Baltimore and Ohio yielded 1V4 points, Baldwin prefer'
red came out unchanged, General Asphalt, on a trifling sale, lost 1 point,
but regained half the loss, Lehigh Navigation was unchanged, United Gas
Improvement yielded slightly nnd Philadelphia Electric, although very slow,
held steady at last night's final quotation, and closed up H .
Liberty Loan, bonds, which were higher yesterday, showed on Inclination
to weakness today, and the 3Vs, second js and third 4Vis declined, but the
second 4s picked up their loss. The latter was the only Issue showing much
momentum In the early turnocr.
Philadelphia Electric lirst 5s, on a small sale, yielded a trifle.
Thero was only a small attendance of traders in brokers' offices, and the
Irregularity on the New York exchange at the opening and the later liquida
tion on fears of money stringency caused a waiting attitude here.
The Hale and Kilburn Company today reported sales for the six months
ending June 30, totaling $1,988,328, a decrease of $44,477, as compared with
those for tho corresponding period of 1917, and net earnings of $286,991, a
decrease of $107,771, allowance being made for deduction of taxes, deprecta
tlo nand half annual operating adjustments made at close of the years 1916,
1916 and 19lf. There was a slight Increase In unfilled orders.
Financial Briefs
Tho New York Subtreasury gained
$379,000 from the banks yesterday, and
since Friday $4,676, 00J.
The Philadelphia Stock Exchange has
gicn official notice of the suspension of
Kcmmerer, Matthes & Co. for insolvency.
Percy E. Matthes Is the Philadelphia
member of the. Arm.
LOCAL MINING STOCKS
TONOPAH STOCKS
paya
temb
4 tn atnf.tr nf r.rnp Clan.
nber 10 nnd lh nrpforparl nA.nv,ap 01 n
stock of record September 10
Southern raclflc. regular quarterly of
11.60 a share payable October 1 to stock of
record August 31.
Cudahy Packing Company, regular quar
terly of 19, per cent on common payable
September 10 to holders of record Septem
ber 6.
Bid Ask
Jim nut.cr 58 .80
MncNamara 20 .31
Mlduay 04 .00
Mlzpah Intension 05 .07
Montana 11 .13
North Star 07 .00
Itosrue Kula 08 10
West End 1 1V4
QOI.DriELD STOCKS
Atlanta . 03 .04
Blue Hull
Booth
Diamondfleld II 13
Daisy
Kewanas
Oro
Sand Ken
Silver Pick
.01
.04
.02
.01
.03
.01
.01
.03
MISCELLANEOUS
Arizona United 17
Nevada Wonder tt
Tecopa Mining .12
.03
.01
.03
.01
.05
.02
.03
.05
.20
.15
Brewing Co. Increases Dividend
Pittsburgh, Aug.' 15 The Independent
Brewing Company declared a dividend
of 1 per cent on the common stock, pay
able September 14 to holders of record
August 30. This is an Increase of one
half of 1 per cent oer the previous pay
ment The regular quarterly dividend
of 1 per cent on the preferred stock
has also been declared, payable August
31 to holders of record August 21.
Wheat Cutting Resumed in Manitoba
Winnipeg, Aug. 16. Wheat cutting
has been resumed in all parts of central
and southern Manitoba, Saskatchewan
and Alberta today, following a week of,
rain. The cry for farm help is general
and an appeal by the Dominion Minister
of Agriculture for those who signed reg
istration cards as willing to go Into
the ha est fields has resulted in many
business men -volunteering. Some alien
enemies In different sections are re
ported holding out for $10 per day for
harvest work. The idling act is being
applied in specific cases with heavy
fines to this hostile element.
LEflAL ADVKRTIHKMENTa
KSTATE OF ANNIE McKlNLET.
derensed Letters testamentary on
the above estate having been granted to the
undersigned, all persons Indebted to the said
estate are requested to make payment, and
those having claims to present the, same.
1310 N. 54th st.
without delay, to
Or tn her altornpv.
JAMES R ASHWOrtTH,
313-18 Penfleld flldc , 1328 Chestnut st.
rt-35 KSTATE OF JOHN 8.
s-0' censed Letters
1TENTZ, de-
testamentary noon
the estate of John S Wentz. deceased, hav
ing neen grantea to riaeiuy irusi tompwir
and
been
Will
lllam C. Kent, all persons Indebted
to the said estate are requested to make
payment, ana tnose naving ia
in
nnrl those having snalms against
h. aamtt in tipmsoti then., without delay, at
the office of the said company, Nos. 823-
831 Chestnut st , Philadelphia.
FIDELITY TRUST COMPANT,
WM P. OEST. President.
825-331 Chestnut St.. Philadelphia.
niBFTORY OF ACCOUNTANTS
Certlfled Fabllc Accountants
LAWRENCE E BROWN CO.'
1815 REAL, ESTATE TRUST RI.DO.
INVESTIGATE A ADJUST PARTNERSHIP
CORPORATION DISPUTED ACCOUNTS
MONEY-LENDING RATES
Mill' lOUK Money on call, mixed
collateral, ruled at 6 per cent all day.
Industrials ruled at 6V4 Per cent, except
ruling rate which was at 6 per cent
Prominent bankers said today that
tho withdrawal of funds from banks on
Go ernment account Incident to the pay
ment of subscriptions to the third Lib
erty Loan today had not been extensive
enough to cause alarm
Actual business is being done at 0
per cent on both call and time In fixed
date funds transactions are limited, a.
condition that has obtained for borne
feotember , . ".41 HI 30
December "') K.70. s 7i
March ........ AOl S 03 8.05
May 91
Cambria Steel Pays Extra
The Cambria Steel Company has de
clared the usual quarterly dividends of
1V4 per cent regular and IU per cent
extra, payable September 14 to stock of
record August 31.
Federal Reserve Head Renamed
B ,. . . "- 'bi""! --". 4u. -w, i-. it. xiara-
7t s '4 ',"., ?. luu"' rB-uraiEnaieu oy ITesl
8 imi snn"'"nt nllson as governor of the Federal
9.12 .18 Jtesene board for the ensuing year.
New Issue
$6,000,000
CITIES SERVICE COMPANY
Series B
7! Convertible Gold Debentures
Dated January 1, 1918.
Authorized $30,000,000
In Treasury of Company $21,000,000
Prime bank acceptances rates are un
changed. Dealings in prime mercantile
paper are limited.
ino minimum discount ngure is v ner
cent.
PHIL DKLPIIIA Call. S per cent;
time. 6 9i6 per cent Commercial pa
per, three to six months, 506 per cent;
six months, G per cent.
London, Aug. 15. Money on call was
unaltered today at 3 per cent. The rato
of discount In the open market for short
and three months' bills was 3 17-32 per
cent, unchanged.
FOREIGN EXCHANGE
New York, Aug. 15 French exchange
was steady. business was of small
volume.
Quotations Mere:
Demand sterling 1 75 9-16, cables
4.76 9-16. Sixty-day bills, nominally,
4.73V4: ninety-day bills 4.73 U.
Franc cables 5.64V4, checks E.GCVi.
Lire cableB 7.60, checks 7.60VS.
Guilder cables 51 Vi, checks 51.
Pesetas cables 24.80. checks 24.60.
Swiss cabes 3 57, checks 3.96.
Stockhom cables 35 60, checks 35 35.
Chrlstlanla cables 31.65, checks 31 35.
Copenhagen cables 31,56, checks 31.25.
Ruble notes nominal at 13 60.
BANK CLEARINGS
Bank clearing- today, compared with corresponding-
day last two years.
1818 1917 1018
Phlla . ..tOO.I.IB 032 154.807,501.137,845.479
New T'k 5n2,R17,4B! 60S 2S2 4ST478 811 882
Boston... 5O.CSL077 02.381, R14 27 121 3SJ
Cnlcaso.. K2.nfi.427 7S H71.7-U
Halto .. 12,134.4111 10.702 V.n fl.!4! 887
St. Louis. 23,724.530 2,048.481 15.843.203
. Due January 1, 1966.
Held in Reinvestment Fund $215,000
Outstanding in hand of public, -, g. q.q
Callable In whole or in part, at 102 and interest If called before, on or after January 1, 1920, holders
will be given the right to convert after proper notice by publlo advertisement.
Interest payable without deduction for Normal Federal Income Tax of 2.
Coupon Debentures, registerable as to principal; denominations 11,000 and 1500, Interest
payable January 1st and July 1st
Fully Registered Debentures; denominations 35,000, $1,000, 500, 1100, $10, and multiples of $10,
interest payable by check monthly, quarterly, semi-annually, or annually, at option of holder;
except that on Debentures of less than $100 principal amount, interest Is payable annually on
tho first day of January.
BANKERS TRUST COMPANY, TRUSTEE
We summarize from a letter of Mr. Henry L. Doherty, President of Cities Service
Company, as follows:
SECURITY Series B 7 Convertible Gold Debenture& are direct obliga
tion of Cities Service Company, and are the only outstanding funded obligations
of the Company with the exception of $45,400 principal amount unconverted'
Series A 5 Convertible Gold Debenture Bonds, issued in 1916.
CONVERSION PRIVILEGE Each $1,000 principal amount Series B 7
Debentures is convertible, on and after January 1, 1920, at the option of the
holder, into 8 shares of Cities' Service Company Preferred Stock and 2 shares of
Cities Service Company Common Stock, together with accumulated cash and
stock dividends on 2 shares of Common Stock from January 1, 1918, to the date
of conversion.
EARNINGS Cities Service Company's proportion of net earnings of sub
sidiary companies for 'the twelve months ended June 30, 1918, was $20,509,315.04.
Earnings continue to show a progressive increase. After providing for
excess profits taxes and other charges of Cities Service Company and its subsidi
aries the balance of Cities Service Company's proportion of net ' earnings of
subsidiaries was $11,248,512 for'the first six months of 1918, $9,645,413 for the first
six months of 1917, and $3,705,724 for the first six months of 1916.
Earnings for the six months endedJune 30, 1918, were equivalent to more
than 5.6 times the dividend requirements on the Preferred Stock and, after provid
ing for dividends on the Preferred Stock, in excess of $34.50 per share on the of
Common Stock, or at the rate of $69 per share for the year.
REINVESTMENT FUND At the present cash dividend rate on Cities -Service
Company Common Stock, not less than $30,000 monthly, beginning,
February 1, 1918, is available for purchase, in open market, of Series B 7 Deben
tures at a price not exceeding 105 and interest, for account of the holders of this
issue of $30,000,000 Debentures. . ,
EQUITY Cities Service Company had outstanding in the hands' of the
public on June 30, 1918, $67,328,667 par value 6 Cumulative Preferred Stock,'
and $26,847,015 par value Common Stock, having a market value at present quota
tion in excess of $100,000,000.
LEGALITY The legality of this issue has been approved by Messrs.
Roberts, Montgomery & MtiKeehan, of Philadelphia, and Messrs. Frueauff,
Robinson & Sloan, of New York.
Price 102V2 and interest
Offering ubject to prior right of stockholders of Citiei Service Company, of record August
6th, to subscribe until and including' August 20, 1918.
HENRY L. DOHERTY & Cpf MONTGOMERY & f 0.
New York Philadelphia New York
This Information and these statistics are not guaranteed, but
have been obtained from sources wo believe to be accurate.
"Passed as not InoompatiMs tcitn the interest of the United States, but without approval 0 tike
merits, security or legality, (Opinion No. A-tii.l Signed CAPITAL IBBUES COltillTTSB."
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