ty.' EVENING PUBLIC " fcEDaERPHIIiADELPHIA,'1 siTUBD&r iTTdP'-lVltteTw-r' .,-' . ?' ";?K "V X J wS Xi,5 .MEWS OF T FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES x4 LfettOilvGas SOLD QUOTED ? CMc V Mrtra R. Alexndr nam. Slack Esefcance Bldg. K. IT TT111I am St.. N. T. City JMKECTOnY Or ACTOIINTANTS Certified l'ublle Accountant ;- LAWRENCR E. BROWN 4 CO. HO HIMli liSTATi; THUB1 I1L.DU. HTIUATK & AIMIIST PUlTNLHKlIir JKATION & DISPUTKD ACCOUNTS SL' MIOAL AIIVKKTINK.MENTS CMBF E8TATB OF ELM FLORENCE VAN tlTKE. rieren.eil Letters testa- Btllry on the above estate having been anted to the undersigned, all persons Med to the said estate are requested to : pa merit, and those having claims to int the same, without delay, at the of the corporation executor, 409 it II, fstnu IE COMPANY OF PIULADKLPHIA :b froVidknt life and trust . IflVt.-T. A Q A O WTVrt PraaMmt &Er 1"T AttClllurrl i nr twi-'f , Executors. I0MS TO FARMERS i TO DATE $117,249,044 BUYING OF FIRST LIBERTY BONDS IS FEATURE OF NEW YORK MARKET Tax-Free War Securities in Active Demand and Advance to New High Record Price of 100.50 Specula tors Unload Their Stocks High Points in Today's Financial News Persistent buying of Liberty Loan 3i per cent bonds was tha feature of trading on Tfcio York exchange. Then advanced to ncto high record of 100.50. Speculators unloaded stocks and declines followed steady open ing. The Curb market was active, but prices sagged. Little of interest developed in the Chicago grain pit. Cotton teas irregular, rorcign ex change was uninteresting. The A'eiu Yoik bank statement showed an increase in average loans, but a decrease in the actual. Reserves icere lower in both cases. Bank clearings throughout the country this irrnte were above last week and corresponding period in 1911. Bar silver was unchanged. New York Stocfts Advance Hly pr"'.?1 Alaska Old Jr.. 3154 Alaska Juneau. 174 AQ ABr Ctiem. 08 Am Beet Sugar, on-ii Am Can...... 4914 Am Hide & L.. id do pref. ,-,an Am Int Corp.. 54 Am Linseed.... 4114 Uo pref, 70V4 Am Loco hd-h Am Smeltlnr- B "in ou -ron. Am Stl Fdy. J 11 ' AV T a iti. Am Writ Pa'pf. 3St Anaconda .... oil Halt! Loco Co.. 9374 llcth Steel D.. H4 do 8 Iw nf. Hrook 11 T.. I'al I'et I Can I'ac Low 45 3V4 1T4 0.1 61) Ml 4IHI 18 im 41 10Y. 77 finVi 12.1 12 (!, 73M, 72 WH, my, 34 H 03 03 MY 103 tVi Net Close ahge. 45 .. 3V .. IH no 1 anii 1 4flU "4 10 at 8S 3Vi 04 -7 41 , JOH Mi 68 1T.J, "0i TRADE FAIRLY GOOD IN OUTSIDE MARKET Spokane District Leads, While Baltimore Demands Are Lowest .!. tf Washington, Aug. 17. Farmers of the United States were ad vanced $7,853,901 during the month of .Tuly, the Federal farm loan board an- &nounced today. This figure, nearly K'IBOO.000 less than was loaned during ..Ttini. tirlncra tha nlll.ln n A I M r Inn,., t n t;'Jr-- " -....on nit UU.01UIIUIHI, 'uii3 .v Mlhe farmers to $117,249,044. i ' ' Marklnir the Jnlv loans In thn fnrt thnt Ef-j. even of the farm loan banks had calls r lor sums raiiRinR around 5600,000 This p-jfteven aisiriuution. oinciais believed. American farmers' finances. ', . The Spokane district received $1.229.. w iu ana leu an otners, wnile the ualtl- W2x" more district called for less than $200.- 1 000. the smallest sum advanced to any "district for any month this year. jJJ Delinquencies am on the decline both Sin payment of Interest and amortlza C tion, officials reported Only two dls :' trlcts, Columbia and New Orleans, how tt aver, have a clean record " The drought-stricken areas, so far, i';-have not fallen back on their farm loan S. payments. Instead of tho greatest de- ? Unauencles belnir Tenorted from the i -couth half of Texas, which Is sufterlnc Ivj.' badly from drought, the poorest record t In Interest nnil nmnnl.tiMnn im'nbnta r - " ...".... 1..... ...... ,o comes from Montana and Idaho, It was stated. New York, Aug. 17. The most important featuic of trading; on the stock exclmnqc toilnv was tho persistent buying of the Liberty 3Hs. Tims," bonds were steulilv taken from the beginning of business and continued the upward move ment, which hus been noted for some time, advancing from 100.14 and passing the high record of 100.30 made last September, when a vigorous buying movement occurred. The tax exemption clause, which was tho most important feature of this issue, has induced urgent accumulation by financiers and corpora tions with Incomes so great as to be subject to the taxation provisions to which the other Liberty Dond Issues aro subjected. Trading In the market generally throughout tho half day consisted of liquidation of speculative holdings, and price movements were In most cases to lower levels, with a general belief prevailing that repression of bullish activities becauso of tho money Mtuatlon would be naturally effective In causing pool dissolution and a disposing of pool assets. United States Steel common, which sold at 111U In the early trading, became heavy after tho first few minutes, declining about 1 point, and similar losses were sustained In other steel Industrials which had been active and strong in tho earlier part of the week. Specialties' like American Writing Paper preferred, American Sumatra Tobacco and American Hide and Leather preferred were in supply at con cessions, with pool buying of a hesitating character. Hallway issues showed fractional losses on small dealings. The advance in Liberty SMs to the new high record of 100.B0 was the most prominent feature of tho bond marKet. Other Liberty Issues showed little change In their market position. Railway bonds were quiet, with trading in small volume, with trifling changes in quotations. .lost . 40 . 107 Central Leather (10 4 (-,? thesa tc Ohio. jiv. ml 1S6H ISO Mi eY 47Ts 1V4 2S 04 1 as 114 oiY 03 B3Y 103 Y 3 -h 10 07 47J 7H 3.1 aTs 47 3.1 42 07 ion SH 1.1 32 SB 2 1 1 y 0.1 ',(, .. 47 35Vi .. 43 67" 20 .. 100 1 0 ts y, 32 20 (12 Chi M A: St P. 4KU. do pref 7iiai Chi I! U 1' t o 25 do B p c pref. 68 ( blip Copper.. . 184 ' ol luel is Iron 47 1 ol tins Ac IJlec sU en 11 Products. 431i ......MIT OK, , 1H 1 1 110.1 Cane Sug 20 I'rl U Iludhon.lODVt I'istll Secur 38 Lrlo 1.114 do 1st pref. .. 32 GastonWilllatns 20 C.en Cigar Co.. 3 C.en niec Co.... 148 i.en .Motors ..1J614 iS4 lflB 2 (.r.mby .Mining. 8014 novi 8014 1 ....-IIT7-V ..it ,. ui a Uulf States Stl. 8SM1 Int Agrlcul pref 61 Inspiration Cop l Int-Cons Cor pf 37 Inter Sler M. . . 2jni do tiref innrt inn' Int Paper .... 33 say, llll -ML'JIPI .... 20 Kenn Cop ... 83 Lehigh Vtl . . o Lorlllard P rts 17 Mix Mot 1st pf GH May Dept Strs. 51 -ilex Petrol ...101 11.1 148 4.1 8SV4 ni 81 37 26 5yiTtmMiTn TnirTT-rir-i WLumumu 1 vifitiivK lTVT rpiir crrrm rrn ill inEi OlllEiL 111AIIL FURTHER RECESSIONS IN THE CORN MARKET Small Arrivals Discourage Ex tensive Operations on the Bear Side Production Increased S onie- what Since Beginning of Week New York, Aug. 17 Leading authorities In the steel trndp. state that there has been some Improve- jsrnent in operations since the bezlnnini- rof'the last week, although the recovery ft is not as sharp as the dron had been IK,Tlle heat wave of two weeks aeo caused pM reduction of as much a, 15 per cent HJ in ino output of some plants, and. al ?. though production has Increased some- l.'WllS?t. It !fl Tint Vft h.Tolr tri ..!.. I .cnM LUXfL Drevlouslv. , However, with rnntlntiPil f.,1,.1,, (..-.. FM,BbIe '"'eather, it is expected that the feK improvement will continue, and bv thn KW middle of next week It is hoped to have WM' Production at virtually 100 per cent K'mW. That Is to bay, the steel plants Vf. lof the rounfrv mlt-ht mn.iADkli. i. ..v pected to be working better than 95 per wm dl uigui capacity ana nnihlng mills. The labor situation Is about un- ' cnanrea. wiin snme rtpp ntiininiD av i Ita'pressing satisfaction oer the possibility I ?."?' K .V . h KnHnn.n..1. .1.. . .w. rr. ut ". vaa&tini 111 ine new uran 0111 -which will decrease the danger of trou- . ' bles by the men oer trivial matters. The 1 6. paragraph referred to is that which calls pji, upon those engaged In war work to con- ! s ,tmue aoing so, wun a penalty of being put in Class 1-A If they fall. '. rTrt.tt l .ni.... .. ...An.. . .. n . ., ... j . ....a 10 iar.cn iu nnii uiai. mere win peIt ,3 53 Ll less of petty grievances against which bet "...'.. tne men will walk out. for an hour or two or even Tor days at a time, and will eventually mean that the output of the steel plants of the country will be kept a near as possible to maximum, sn thm i$ the. war requirements of thts country fcTand Its allies will be taken care of -.?vvAn agreement of Importance has been preached between the steel producers, led Hfcoy me umieo. states steel Corporation, ana the implement makers of the Chl- kKMim Hlstiir.t ...h, -,.,. -I.A l.t... ti, . PVJ- v---- .....twj n.a 1B.LC1 Will get lf-r"a.. rrsrliirtlnn nf SK n, tnn in v.A K.i... - - t-. .w. ... fc,o iiiite Clilcnco, Aug. 17 I Further recessions occurred In the com market this morning, hut trading was not acthe The distant positions 'langcd upward In the Initial trading, I but soon worked off. Local Interests were I the best '-ellers because of more faor 1 able weather' Commission nouses did some buying on the decline. It was the general impression that the reports of damage to the crop had been discounted and fresh Incentive appear ed to be lacking. September opened at $1.61 to $1 611., against $1 6 at the end yesterday. October was quoted at $1 63 $1.63H at the start, against $1.S3 at the end yesterday and later sold at $1.62?i. Oats also showed less stability, although there was a bhow of firmness at the outset. Thene was a little hedg ing and also some real'zlng Tho de mand for the cash article was better, offsetting large receipts, which aggre gated 29C cars here August opened l4c higher at 6940 September opened at 70c to 70 He and receded to 69Tic or 'ic below jester day's close. October opened at 71ic to 714c and declined to c below yes terday's close, at 71ltjc. Leading futures ranged as follows Corn (new deliver) Yes'day's upert HtKh Ijow (lose close l.iUS 1 e,2 1 rtl'n 1 i.' 1 H2 t.63 1 6P 1 -s 1 Hi', 1 ti.iS COTTON PRICES JUMP TO NEW HIGH GROUND Trade Is on Large Scale and Sentiment Appears Con sistently Bullish New York, Aug 17 Another pensatlonal advance Into new high ground for the season occurred In the cotton market today, with buying general. Tiadp was on a lnrge scale and sentiment appeared to be consistently bullish on continued dry weather In the southwest and unfavorable reports from the eastern belt The latter Increased the anxiety of the bears, who had been, calculating on a fine condition east of the Mississippi to outset deterioration In the western sec tion The upward movement took manv ex perienced interests entirely by surprise and they declared that It had been too rapid and asserted that present prices discounted all features, Including damage to the crop and the war news. There was- a continued absence of hedce pressure. In spite of the rise, and a scarcity nf offerings made the list ex tremely sensitive to the purchasing or ders v Mldvale Steel.. 82T 82 Missouri rac, 24 23 do pref .... C0 no Nat nnam&Sti flltj, 81 Nevada C Cojx. t0 20 New York Cent 78 73 N Y N H & H. 42 41 Ohio Oas ... . 37 37 Ontario HIHer.. 0 !) l'enna Tt R ... 44 43 I'itts & Wrst. 3SV. S.IKi Pressed stl Car 60 68 Rv St prlng.. 6114 6114 Heading BOH, no P.ep Ir Steel nl 0t So r.iclllr . 87 na Southern It R.. 24 2314 do pr-f . . .. 6814 6814 Studebaker . . .. 4.1 48 Tobacco Prods. 71 71 1 'ii Pic Ific. .12414 124 1 n'leci I'lgar K.103 103 4.1 H.1 61 -t- 81 37 27 100 38 2014 1 83 80 m, 1 86 1 81 ioo 100 14 20 38 80 17 8814 El 62 23 80 81 20 73 41 37 0 .. 43 38 14 60 1 61 .. 89 Vt 01 l t c S In Alcohol 127V. V S Stetl 11114. do pref . . .110V. Utah Copper 80 Va Car Chem. . 31 do pref 101 West I'nlon Tel 80 Westing Mfg.. 43 Wheel & L E. OVi Willys-Over 10H 86 23V4 63 Y 1 48 71 121 ') 102 . 127 127 110'4 110 1I0H 110H 80 80 31 31 H 104 108 80 80 43 43 H 0 0 14 10 10 ..7Si' 'I'1"' n4.0 share"!, rompaml with 181,800 slrnres jester-dart this irerk. 1,803. 3(K share-: lnt week. 1.360,000 shares. N. Y. BANK STATEMENT Average Loans Increase, While Actual Decrease Reserves Lower New York, Aug. 17. The New York hank statement this week shows Increase In demand deposits In both cases. Aver age loans Increased while actual de creased Reserves aro lower. Details follow: October .T inuarv-Mar'-Si Mn December August psterdrtv's los Open 31 .It 31 SO so si 31 nn 30 74 31 10 ;in .in 30 it 30 17 31.30 30 c,s 30 10 Hlnh 32. R0 3t.J! 31.82 31 14 32 10 82 10 I.OW 31 HO 31 HI 30,71 31 in 30 !I3 32 111 70 Oats Sept. . . . Oct . I iril Sept. .20.0.1 Oct. ..llll III) Klbs Spt ... 24 ."0 Oct . . 2I.I1U Piirk 70', 72", fltt 71 ' 70S 21! m 20 05 24 rn 24.02 4 3.. 15 43 71 2H 33 20 57 24 37 24 52 43.SA 43 l-.il 211 33 2S 57 24.37 J4.51 43 40 43.7.1 00' t 711'. 20. S2 26.72 24 70 24 S3 44.00 43 30 pay for their steel requlre- Fewer Cotton Gins to Be Made WashinKtnn, Aug 17. The war In dustries board has declined to grant priorltv to the manufacturers of cotton gins, for Iron, steel and fuel for tho manufacture of new- gins and has reach ed an agreement with the manufactur ers to substantially curtail their normal production of gins for the year ending June 30, 1919 Last 32.53 31.11 31 P(f 31.10 32 02 32 10 DIVIDENDS DECLARED American Machine and Foundrr Company, dividend oISot rent payable in scrip due S-eptemb-r lrt inin with interest at r. per cent per annum to stook of record Aucust AVERAGE .J4.537.78d. COO Inrrena, $47.01(5.000 Tonopah Intension Mining Campanv, a dividend of .'. pr cent, pavahle iepamber 30 10 stork- nf r-'ord September I International Cotton Mills, usual nuar terly of l pr cent on preferred and of 2 per rent on common, pavable Aurust 31 to stork of record August 22. Nebraska Power Company, regular quar tern of 14 per cent on preferred pavable Sept-mber 1 to stock of record Auirust 0 New Tork Transit Company, usual auar- (itij or J4 a snare, pajable October 15 to "" stork of r-rord Sentemher "1 I Reserv Ixans Net demand de posit t3. 621. 507,000 Net tlm deposits 1.10.752.000 Circulation . . . 8.1.657,000 Cash In vaults Ifil). 561,000 Jleserv-ft in mem ber hanks Reserve in Htlte banks and trust rompanles Reserve in Stnte hanks and trust companies deposi tories . ArsreKite reserve Reserve renulred Surplus ... 36.242.100 1,096 210 tunlted States deposits deducted 1411,- 062. 000. tHpecle Included. J61.SR5.nno. Decrease ACTUAL Lean 14,515,418.000 '131,333.000 Net demand de posits t3, All, 638.000 Net time deposits 161.814.000 do.axd.uuil t07.101.00il 496,870.000 tll.8R7.000 1.000,000 in,.'d7,uuo 470.004. 900 West Penn Traction and Pnu,r cA..H.. regular quarterly of l'i per cnt on pre ferred, pajahl- September 15 to stock of record September 1 West Penn Rallwaj-s Company, regular quarterly of Ha per cent on preferred, pay able September 15 to stock of record Sep tember 1, Circulation . Cash in vaults . Reserve In mem ber banks . Reserve in Mate banks and trust companies . Reserve in State banks and trust companies depos torlps . ... Aggregate reserve requirea 10,375.000 2,190.000 an.nnn 71 ono 7,994.000 21,000 261.000 7.754.000 1.332.200 5.974.0011 2.910,000 143.000 2,469.0011 Price Changes Irregular and Chiefly in the Shape of De clines Mines Steady New York, Aug. 17. There was good volume of business on the Curb during the half-day trading, with Irregular changes, chiefly In the shape of declines. War-order stocks continued neglected, with Aetna Explosives selling at 12 and 12, and Wright-Martin at 8 and 8 ft. Burns Brothers 1c? showed a heavy tone, with sales at 354 to 35i. Independent Oil stocks were generally lower. Pierce Oil selling down to 15 and Houston, nfter opening at 83, de clining to S21J. Standard Oil continued In good de mand, the supply noted early In the week having brfen absorbed by strong Interests, and some outside buying was based on tho tepnrts of favorable de velopments In the oil fields." Mining stocks were generally steady, with Cresson selling at 36 and Ohio Copper at 1. United States Steamship sold at 6',i and 6. The high-priced short-term Issues were firm, with Bethlehem Steel "s of 1920 selling at 100 and 99. American Telephone convertibles were traded In at i)3 and 94. INDUhTItl.M.S Aetna Explosives Am Brit Mfg Am Marconi Am Writ Paper Air Reduction . . , Canadian Car Co Con Car & Fdy pf Charcoal Iron . . . Chevrolet Motors Cramp Curtlss Aeroplane Carwen Tool .... Carbon Steel Emerson Phonograph Federal Dye . . . Hendee Mfg . . . L,aKe iorp iioai .... Lehigh Coal Sales. Lima Loco Maxim Munitions . Marlln Arms N Y Shipbuilding. Nor Amor Pap Pulp Otis Elevator ... Peerless Motor . . Poole Kng Redden Truck ... Scrlpps Booth Standard MntoiH Steel Alloys . . . Submarine . ... St .Tofenh Lead . Todd Shipbuilding Triangle Film Vnlted Profit Sharing V S Steamship United Motors United Sugar World's Film Wright-Martin Air. . Zinc Concent Philadelphia Stoclcs I -. . - Hlh 20 Am Gas., 60 44 Cam Iron 30 105 Lk Sup C 10 34 Leh Nav. 88 87 Leh Val.. B8 813 Penn RR 44 448 Phlla Klec 2414 SOP 11 T t c 37 3 Ton Bel.. 8 818 Ton Mln. 2 10 Un Tract 37 275 U Q I .. 68 230 U S Stecl.lll I.OW 60 30 10 68 88 43 24 27 3 2 37 6.1 . Net Closa fchBe. 60 .. 38 10 .. 68 88 43 24 ... 27 3 2 87 65 110 110 Total sales, 2004 shares, compared with 3836 shares yesterdnri this week, 22,367 shnrest Inst week, 22,710 shares. Yea closo Illd Ask (sale) . 12 12 12 .3 0 . H .114 3 . 3 4 44 .60 70 . 3.1 45 . 7.1 00 ,. 7 8 M84 136 134 .80 84 .36 37 . 6 8 .118 122 1.1 2 .' ill 20 . 4 8 , 8.1 87 .11 46 . . . 75 8.1 . 47 48 1 3 3 3 17 32 . 1.1 10 . . .40 46 . . 1.1 20 28 . 13 13 .. . 4 0 . 16 17 10 . 11 14 .. 88 31 30 8 I STANDARD Oil. Illinois 183 Ohio 313 Prairlei Pipe 260 S O Cal 213 S O N .1 518 SONY 266 6 3 Hi 3.1 8 2 187 318 287 218 523 272 6 31 268 INDKPKNDr.VT OIL STOCKS WINDS , Hlith I.o $2000 Am Can ft Eleo 5s 70 ' 70 1000 Klec & Pe Tr 4s.. 60 8700 Lib Bonds .I'.-jS. . .100.10 1100 do 1st 4s 03.60 800 do 2d 4s. 03.40 1500 do 4 U-s. 05.30 iuuo puna uo cons lis 70 76 8000 Phlla Elec 1st 6s.. 03 03 loon Reading gen 4s. 83 83 6000 Span-Am Iron 6s. 09 00 2000 Wclsbach Co 6s. . 03 03 Net chge. 70 60 60 1 00.60 100,10 .30 03.60 03.60 .60 03.40 .. 85.30 .20 03.40 03.30 76 03 2 00 Totnl sales. $27,800, compared with Slfl, 300 yesterrinji this week. 143,OOOt Inst week. 8115,100. Local Bid and Asked Amer Stores. Jiaidwin Ilrlll JO Huff & Busq t c... do pref Klcc Storage. Uen Asp do pref Kev stone Telephono. do pref l.t ko Sup Corp I,eh Nav I. eh Valley Penna Rhlia Klec l'hlhi Co do 0 tier cent pr . PhlU It T t c Reading Ton Del Ton Mln tin True It a 1 II H Steel York Rwy do pref Wm Cramp At Sons, Todav Hid Ask Yesterday Hid Ask 211 30 211 3(1 H3'i U34 1134 l4 2.1 211 50 60 50 60 no 53 .14 .13 54 .111 32 iMVi 32 6.1 7 i 47 40 47 '411 Hl',1 20 lll'4 211 us in'4 s', rai'4 5M4 51 5H?t 5914 43. 43 44 44 21s 24 24U 24 2U4 2S 2I1V4 27V4 32 33 32 33 27 'i 27 27 Vt 27 "i Ml Sll'a 90 9(l'4 2's 3 2'A 3 2S 2 21J 2 37 37'A 37 3V.i 111 H"H l5Vi llll tin, llo lll 111 7 0V4 l'i 914 30'.4 32 304 82 Ml 82 80 82 iVeit; York Bonds Cioso 94 97 '4 88 87 VI 81 76 92 76i!4 82 81H 94 77 G8, 73 14 914 65 98ft 20 59 50 78 72 ft 9b Barnett Oil & Gas. ft Cosden & Co 6 Plk Basin 6 Federal Oil 2 Inter Petrol 13 Houston Oil 81 Merrltt Oil 82 Midwest Refining. Met Petrol Ohio Fuel tiklahnfn.i Ref . . . Sapulpa Ref Stquo.v.ih Sinclair 3 1 12 6 6 16 ft 6 M'. 2 13 83 24 114 1 17 7 6 18 MINING STOCKS . . 3 480.122,000 10.S04.000 til. 540 000 Kurnlus . . tbpee'e Included. S. 222. ono 303.834.000 47S sni.n;n 30 074 00 SRI, 732.000 171.000 9.S01.000 916,300 10.765.300 tUnlted States deposits deducted, 1442. 049 000. Decrease OUTSIDE BANK STATEMENT STATE RANKS Invest- PHILADELPHIA MARKETS v RESERVE BANK GAINS SLoeal Federal Institution Statement Also Shows Large Surplus The weekly statement of the Federal Reserve Bank shows a substantial ln- P.2 crease In gold reserve, the total being ioD,aDu,,iuo, aa comparea wun $154 . 976,206 on Auguet 9. Total bills on nftTIrt WPrA XI n.S 31 n 701 VAan,-r1.,., no .4- . ...-.,. nrltl. tin! t9nm . rysu luim.cu m ,iwT,u,iii Ull yvutjust S?2l'Q mA V.IctK mnnA $&' Gold with foreign agencies showed a Kgruruier reauciion, Deing now only J40S,- -nti, as against itii.uj me week be- J"SVrotal reserve held against epmblned - nsrv. uruuuit aiiu itrserve nuLH uaoilllies (.wan 62.4 per cent, as compared with rl per cent on August 9. MONEY-LENDING RATES ii rnij.Aifj,i.rjiiA.- v-an, o per cent; fijtime, 6g6 per cent. Commercial paper thre try sir months. 6 (ft 6 upr ,-vnt - alv Esjmonths, 6 per cent ri - MNDON Money Is quoted at 3 per , varui. 1iMAiuni laico tui oiluri mill mice onths' bljls. 3 17-33 per cent FOREIGN EXCHANGE ff.New' Tork, Aug. 17. Business In the reign exenange market today was or sited proportion. Rates generally owed an easier tendency. Quotations were: r ...Demand sterling 4.7E60. cables 4.7660. sfcrty.day pills 4.73: ninety-day bills 'TTrano cables 6.64 , checks.. 6.65. 4ne cables 7.50, checks 7.51. tadsg cables 4, checks, 4 C2, lullder cables 51 U. checks 50ft. Msetaa cables 24.70, checks 24.50, Stockholm cables 35ft. checks 35)4. hrlstlanla cables 31.80. checks. 31.40. ennagen cames 31.45, cnecKs 31.10. lie notes nominal at 13.25 to 13.40. . BANK CLEARINGS k clsariags today, compared with cor ina air iasi two years; 1018 1017 1018 ,,$l.874.0il J3a.ft3,027 J2tl.813.711 ,.' 72.045.3i8 91.435.804 34.004,784 RAILROAD EARNINGS rfTORKj NEW IIAVK AND IIART- .1. IBIS ' Increi i.rniH J8.727.41S 11.823. J Months gross.,.. 44. 073. 900 2,026,323 ttSe, after taxes 2.013.112 8.306.185 US rnti.h) it.ia.im t jt.m.ioa iswv'l.- GRAIN AND FLOUR ' WHEAT Receipts 12,042 bush The market ruled firm Quotations Car Ion In export elevator (Government standard Inspection), standard prices No 1, red win. ter 12 39. No 1, northern sprint. 12 39; No. 1 hard winter. J2 39; No 1, red win ter, garlicky, 12 37, No. 2, red winter. $2 3H. No 2 northern spring. $2.36; No. 2, hard winter, ).' 3fi No 2, red winter, gar licky, 12.34. No 3. red winter. $2.32; No 3, northern spring, 12 32, No 3. hard win ter. $2 32. No 3. red winter, garlicky, $2.30 CORN There- were no receipts and tho market was largely nominal Quotations Car lots for local trade No. 2 yellow. $1 fc8 t&l 90. No 3 yellow. $1 tSAl 87. , OAT.S RecelDts. 7US5 bush. Trad was slow and the market declined lc. Quota tion No 2. wh te KOfff 81r: standard white, bUiB"ic. No. 3 white, 7DV Ww. No 4 white, 78 79c. FLOUR RecelDts. 1.036.H70 lba In Hacks Trade was slow and the market was barely sieaov wuoiaiions' i0 arrive, per io ids in HS-lb aacks winter wheat. ioi per cent flour. 110 25lft SO; Kansas wheat. loo per cent nnur, Jii t'ii.-r; spring wneat. tuit per ceni nour, ii l.iwu -iu RYH FLOUR was dull and unchanged We auotP lfl.75ffM0.7S dt bbl.. In sacks. as to quality. PROVISIONS The market ruled firm, with a fair jobbing demand and some klndB were a shade higher. Quotations City beef, in sets, smoked and air dried, 47c, western beef. In sets, smoked. 17c. clt) beef, knuckles and tenders, smoktd and air dried, 4fic; western beef, knuckles and tenders, smoked, 4Mr, bef hams, $tlo, pork, family. $.i253; hams, 8 P. cured, loose 31 32c. do. tklnned. loose, 31tH32c, do .do, smoked. 33 35c; other hams, smoked, city cured, as to brand and aver agt 3J&34C, hams, smoked, western cured. 32&34c; do, boiled, boneless. 40c; picnic shoulders. H, P. cured, loose, 23 He; do, t-moked, 20c, bellies, in pickle, according to average, loose, 3(lc; breakfast bacon, as to brand and aterage, city cured. 43c; do. do, western cured, 43c, lard, western, reflrred. 27f7 2c; do. pure city, kettle rendered, 27H02SC. REFINED SUGARS The market ruled firm on a basis of 7 50c for fine granulated, DAIRY PRODUCTS CHINESE The market ruled Arm. with de 'mand equal to tbe limited offerings. The Quotations: New York, whole milk, fancy, fresh. 2U 28401 specials higher: do. do. fair tn rood fresh. 254 62Ae! Wlimn.ln whole-mllk. fancy. 28'26ttc; do do. fair O Kona os w.nc, BUTTER Trade was quiet as usual on the Ja.t day of the week, but offerings were nsni ana ino marKOl ruiea nrm Quotations: Polid-packed creamery, extra, 4dCi higher-scoring goods, 47eitlc. extra firsts, 45ttc. firsts, 444 '5c: seconds. 4'JfJ 434 c: brands of prints Jobbing at A2t54c choice at Sic. fair o good at 47OS0c, EOOS Fine new-latd eggs were- welt cleaned up and firm. Quotations! Free cases, nearby firsts, J13.20&18 50 per standard case; current receipts. 112.00 per rase; western extra firsts. J13 .10 per case: firsts 112.0Ma.20 per rase: fancy selected eggs were Jobbing at 3t)tT32c per dozen, POULTRY . LIVE rThe market ruled firm under Uff ia, bank Federal Loans, ments . Gold Currency notes . Deposits Heservo of N"ew Deposits . . . Reserve on posit .. ..... Percentage of re serve banks York. de- prices of fovvla advanced lc Quotations Fowls 37U3V:.- Spring chickens, not lb horns Weighing l",fts lbs. apiece. 33i4;c weighing: 1-&14 lbs. apiece. 3dJ37c. White Leghorns according to size. 343i5c Roos ters. ."iW2dc Ducks. Pekln. BprtnK. 34( 3i!c do. do, old 3H4f32c: do, Indian Itunner, 2i(a2nc. Guineas, per pair. 113531,13 Pigeons, old per pair 30t?33ci do, soung per pair. 2S30c. ju. DRESSED The msrtref mi! fl i light offerings but demand was onlv mod- i erite The quotations ranged as fotlows-Fresh-kllled fowls. In hbls fancy drv'. , nicked, fanrv feetA nau, ,. ;i.. '. ibs and over apiece. 36c: smaller sIiph .to mi ot N.ew York.. S3c: old roosters, dry-plcked. 28c brolllna i Deposits ...vnetta. HT.ICIII. 1IV. VVIg.ling Ibj. apiece and over 4041c. smaller slzs 3x 8Uc, spring ducks Long Island and Pennsyl vania. 3HW37c; squabs, per dozen, white. weighing ins12 lbs. per dozen IS4S1, -is. do, weighing 010 lbs. per dozen, 1707.5(1,- .,', nrt.utuB r iva. ,rr UUHH, KllSl'n IfO! do. vveighlnir 7 lbs. per dozen. Si .-.niri:., menla do, weighing 6004 lbs. per dozen. '3&M: ' Gold ... Jo. dark, J1.DOV2.50; small and No. a. . Currency sic?:: so ' notes t Deposits f-eaerai Loans. ments Gold Currency bills . Deposits Reserve Jl. 012,800 824,800 877,800 4.312.500 7.022.600 07,987,000 2,856.000 21 7 .5 TRUST COMPANIES invest- 1487.0n.OO0 11,833.600 25.228,100 38.ss5.inn 583,404,500 Atlanta ... . . . Big Ledge Ti Butte New York Corn Ariz 1 C F S & Jerome 1 First National ... 194 Goldfleld Merger . 2 Goldfleld Cons 20 Goldfleld Florence . . 0 Goldfleld Kewanas . 3 Green Monster A Hecla Mining 4 How e Sound 4 Independence Lead .. 3 Jerome Verde A Jim Butler 88 Jumbo Extension . . 0 McKlnley Darragh.... 38 Magma Copper 31 Mother Lode . . 34 Mines Co of America 1 Nevada Hills 2 Nevada Wonder .... V4 Nlplsslng 8 Ohio Copper Va Ray Hercules 4 San Toy 5 Stew ait Tonopah Extension.. 194 united verae s?9i West Knd Con 103 White Caps 25 Yerington nONDB Bethlehem ?s 00 100 Cosden Oil 6s 70 81 Cosden & Co 6s 70 81 Cudahy 5s 07'4 87y2 Russian Gov 5ljs.... 55 57 do 6'5s 58 50 Southern Railway 6s 08 98 Sinclair Oil 6s 70 81 Todd Shipbuilding 6s.l00 103 4 U 194 W. o 3 25 12 A 4 4,4 4 ft 60 11 . 43 33 36 1 4 94 8 1 1 0 38y. 100 37 6 UK 2H 13 82 Mi 1 07i 31,4 ti 'l IA '2 Mi High 410000 Anglo-Kr 6s.. 94ft 11000 Am For Sec 5s 07 2S000 Am Sm 6m .. 88 14 1 000 Am Tel lis ... 87 VJ 5000 Atcb gen 4. . 81 2000 do ndj 4s .. TS-'Ji 10000 All & Ch 5s. . 02 1000 B & O n- 4i(,R 768 tooo n sti 1st r,H'3i! 82 2000 Cbei & O cv 5s 81 M 30000 Chi B &- Q 4s. 04 14000 do r 1 '.js . 77 12000 CRI & I' rfd Is 08 'A 1000 C & S 414s... 7314 18000 City of l Gs.. 91 , 2000 i:rle Is 6ii4 6000 Fr Rep 63r 9RTs 1000 Hd & M In 6s 20 7000 Hd & M rfd 5s 5!) 2000 Intrh Met 414s. 60U 6000 1ntrb R T rf 5s 78 12000 K Cy Tr 1st 4s 72?i 6000 Lyons fii . . . 05 OOAflOO Mb Hd 3s. .100.50 100.10 100.50 154000 Mb nd 1 03.08 03.81 93.84 52000 Mb Hil 1st Is 04.14 800000 Mb lid t',4'. 05.58 KS0000 Mb ltd 2d 4V4a 03.08 5000 Marseilles fis . 95 2000 M KtT 1st 4s 62 4000 Mo Fac gen 4s 67 12000 NY C & H 4 lis 81 7000 N Y Rwy 5c. .. 21 IA 3000 N Y Tel gen His 80 11000 Ta gen ct 4.b 86i 6000 Sinclair O war 90 19000 do 7s 93 1000 Seab AL adj 5s 64 6000 So Pac ov 4s.. 79a 4000 U S Rubber 5s 80U 1000 U S Steel s f 6s 98V4 1000 U Iv of G B & I 6s ........ 99 09 99 10000 do 5148 1919. 98a 9SU 9li 2000 do6Hsnevv'19 991. 091 9914 JOtiOO do BVis 1921. 95S 95i 95 2000 West H'ec Ss 95 95 95 Low 94 Vi 97?i 88 87 H 81 75 91 76?s 82 81H 22 'i 77 08 73U 914 6514 9894 20 59 60 78 72 "i 94 04.02 0.1.48 03.00 95 02. 57 81 21H 86 86 4 96 92 "5 54 7914 8014 ACTIVITY OF P. R. R. ATTRACTS INTEREST OF LOCAL TRADERS Tonopah Belmont Advances and Tonopah Mining Con tinues Active First Liberty Loan Bonds in Demand and Score Good Qain The activity oNTennsylvanla Railroad shares on the Philadelphia Stock Exchange today was the outstanding feature of a quiet and generally unin teresting market. That issue became prominent right after the opening, and, although only a few trifling sales were recorded for It In yesterday's trad ing, more than 800 shares changed hands during this short session. The price was off slightly from the previous close, transactions being largely a largely a reflection of the statement for June, showlnga deficit .which came reflection of the statement for June, showing a deficit whlclTcame out yester day. . Further activity on the art of Tonopah Mining and a fractional .advance for Tonopah-Belmont showed a continuance of the effect of the higher price to be paid for the white metal by the Government. Other stocks were dealt In sparingly and price changes were irregular. Cambria Steel nppeared unchanged, tho recent declaration of an extra divi dend on that Issue having no Influence on the demnntl; Lehigh Navigation lost Vt, Rapid Transit certificates advanced the same amount, Union Traction lost 11 fraction, United Gas Improvement and Philadelphia Electric was un changed. A few shares of Lehigh Valley were dealt In nt 68 off . Steel yielded . Liberty Loan 34s continued active, and strong, advancing as high as 100.10, while In New York they reached a new high record price of 100.60. Philadelphia Electric first 6s lost 2 per cent. t Keystone Telephone gross earnings In July wro $129,652, against $130,548 in July, 1917, while the net returns were $47,448, against $62,895 in the same month last year. For seven months the gross was slightly larger, but the net totaled only $391,194, as compared with $437,7G7 for the corresponding period in tho previous year. Officials of railroads operating eastward from Chicago and St. Louis re port tho tonnage situation as most difficult. An enormous volume of freight Is moving and virtually nil roads are working to capacity. Otherwise there has been no important change over recent weeks. There is, as a result of Industrial activity, a corresponding betterment in general business In the eastern sections. , Officials of southern roads report a continuance of lively trade in the South, with the railroads showing better earnings, duo both to the increase in rates and gains in general tonnage. LOCAL MINING STOCKS TONOPAH STOCKS Cld .ill .2:1 .04 Jim Hutler MacNamara .Midway H7nnh intension Montana 11 North Stnr 07 Rescue Euln 10 West End 1 GOLDFIELD STOCKS Atlanta "3 Klue Hull 01 Hootn IH Dlnmf B H 0J Ralsy "I Kewanas 03 tiro 01 Sand Ken 01 Mlier Tick 03 UNSCBLLANKOUS Ariz I'lllted IS Nevada Wonder Tecopa Mining 13 NEW YORK BUTTER AND EGCS New crk, Aug. 17. HUTTKK -Receipts, 1.1. Sllrt tubs Market Bteady. unchanged EtlllH Receipts 2.VJM cases Irrriiular Mixed color, 3S50c: other quutnttims un changi-d ABk .611 .31 .06 .07 .13 .(111 .11 14 .04 .1)3 '.00 .04 1)3 .111 .02 .0.1 04 04.00 93.48 03.00 95 62 67 81- 4 21H 864 96 92 S 64 7914 80H 98U Yester Today day N T (cents). Dim fln4 London(pence) 418 113 I1AR SILVER List Snt. no1 4R(! 101R High Low ( 8.T, 10U 124 LIVESTOCK QUOTATIONS Chicago. Aug. 17. HOGS Receipts, .i.illll head: left over. 3H29 head; 10c to 20c h.'t,cr ..lh".n cstnrl,iy'H nvornge. JW.7D. Hulk, 118.105' in. 1.1: liutchir heavy. JUIB' 19.31); medtum light. S1.:i1ijj 111. hi; packing heavv. M7 is. 4.1: medium light, J18W 1K.K1; light. Jill. ltldt 111.7.1; pigs. !17.73i 18.2.1: rough. J17.4IIW17.7.1. CATTLE Receipts, 3IKIII head. No tone. SHEEI' Receipts. 45UII head. Virtually all direct. rltlslilireh. Aug. 17. HOGS Rerelp's. '.'Kin lioail. lower. Heavy. 110 60&JW.90: heavy sorkers. J20 'J.iwi'0.40; light yorkers and pics. Jin .10 in. 7.1. MlllJEP AND LAMRS -Receipts, 300 head; steady. Top sheep. $11!..10: top lambs. J18. CALVES Receipts. 200 head; steady. Top. $18.50. 17n.t ItllfTalo. Aug 17. CATTLE Re ceipts. .100 head Stendv. Calves, receipts, inn head. Easier. 7r 18.2.1 HOGS Receipts. 3000 head. Slow, easier. Heavy. $20.2.1; mixed nnd vorkers, Jlo.nfltS 20 30; frw. tin 31: light yorkers and pigs. $20; roughs. J17SH7.2.1: slags. $12fi14. HHEKI' AND 1.AM1IS Receipts. 400 head. Steady nnd unchanged. KnnsnM City, Aug. 17 cslpts. mi nead nominal HOGS Receipts. 400 head. higher. SHEEP Receipts K.OO head South Omaha, Aug. innn henri CATTLE Receipts. 100 head, SHEEP None. Cars. 57.1. CATTLE -Re Strong, ,1o Steady 17. HOOS Receipts, -.W?Lr",e,i 2,080.OOO, compered with I.133,000 esterdayi this week. 820.828.000t last week. $35,364,000. At Seattle AND ALL OTHER IMPORTANT PORTS OF INTEREST TO MANUFACTURERS FOR THE ESTABLISHMENT OF ADDITIONAL PLANTS TO HANDLE EXPORT TRADE. THE FORE MOST WATER FRONTS AND ACREAGE SPECIALISTS AND MYSELF ARE IN DIRECT COMMUNICATION AND CAN ASSIST YOU IN A SELECTION. H. B. McCOLLUM The National Broker ,1218 CHESTNUT STREET 4 I tt 58 II) 1 4 14 Ml 999,. 5 tt 58 7 l .$1,950,804,3011 Jl, 591, 700 .1... lO.o'JU.UU juo.otnii .. 10,221,100 302,600. Federal hanks ll)l.3o.4no 3.43.:,auu 1.907.4011.200 '8.032.000 Reserve on de- POSH -UO, Ull, 1UII ljIDV,!"1' Percentage of re- .... .. Berve 18.9 Unchanged STATE BANKS AND TRUST COMPANIES NOT REPORTING TO CLEARING HOUSE l.nnnn. InveMt- t l-to.a.l.nuii 1O.7B.1.0UU bank FRCSII FRUITS Demand aa only moderate, but valuta cenerally rul. steady Quotations Apnlen, Virginia. rr bbl.. $2,nn9a, do. pr -bushel basket OOcvll.SS, do per bushel banket. II S.MvJS Peaches. Delaware and Maryland, per fl-basket carrier. I2Q3; do. West Vir ginia, per fi-basket carrier. Jl 7.,i2..'.n. Lemons, per box. Jfl$f7 Oranges, Cali fornia, pt box, $1100. Grapefruit, per box. 14 oft Oranes, Delaware, per 0-basket car rier. Sl&t.Sft. do. do. per 8-lb. basket, 18 20c, do California, per 4-bttsket crate, SI 2.1 fii2 Pears. California per box. $1.50tf4. Plums. California, per 4-banket crate. $163 Cantatoupen, North Carolina, per standard rate. $11 T0. do, do, per pony crate. 65c $1, do, do. pr flat rate. ft he Cantaloupes. North Carolina, KtdB-ua, per standard crate, f2&2.fti, do. do, per pony crate, $1. Can'aloupes, Delaware and Maryland, per standard crate. Si 7ft2 23. do, do, do, per pony crat. IIW1 fiO; do. do. do. per nat crate, 75c 11 CanUloupen, California. Tur lock, per standard crate. $2ft3; do, do, do, per pony crat. $1 75i8l2; do, do, do, per flat crate, 1 2.'ifrl 7ft. VEGETABLES Potatoes were firmly held There was a moderate movement In other vegetables at revised Ogures. Quotations: White pota toes. Norfolk per ban el No 1. J3.60 4.25, No. 2 Jl MM2.r,(. White potatoes. Eastern Shore per barrel No. 1. J3.509 4.25: No 2. Jl 7.1i2..1A White potatoes. Jersey, per H-luhel basket No 1, 83c Jl; No. 2, 40jfHOc White potatoes, Jersey, per 150-lb. bag No. 1, J3 504; No. 2. J20 2.23. Sweet potatoes. Jersey, old. ner ham. per No. 1. 122.50; No. 2. Jl. 2501.75. Bweet potatoes North Carolina, new, per bbl No. 1. J5S8.B0, No 2, J2.5O04; culls 1202.00. Sweet potatoea. Etistern Shore, new, per bbl No. 1. Jrtp)7.50! No. 2, 13 25 61. Lettuce, New York, per crate. J2fii3. Celery. New York, per bunch. 15e4)c, Pea,. New York, per bushel basket. 1102.25. Onions, Jersey, per H-bushel basket. J1.25 !51i5'ii.0,U09 Js'sey. per bushel hamper. J1.2502. Onions, per 100-lb. bag. J2,50, Reserve Banks of New Y.rk... Total delKisits... Net deposits .... lleservo on oe-nosit Percentage of re serve Decrease. 14 007,500 58,282,100 7u3.UH7.5ll0 090,211.700 128,042.700 20 8 11, 558,9011 320.200 840,300 1,832,500 8,21.1,1)00 II,tiU7,U0U 2,560,500 .1 GAIN IN BANK CLEARINGS Philadelphia's Total, 26.1 Per Cent Grealer Than This Week Last Year Total bank clearings of all the clear ing houses of the United States for the week ended today were ,6,143,889,014, against 15,859,906,006 last week and $5,536,661,454 this week last year. Phil adelphia's total was S316.702.398, com pared with 1251,360,438 the correspond ing week in 1917, or a gain of 26.1 per cunt. Details follow: Modern new building Light Manufacturing Space For Rent 1018 1B17 . PC $2,879,483,383 J2.fl40,803.844- 1.3 4311,1 J :i, oih jjHi.-'iiy.oiii-f i-. offerings and fairly active demand New unchani ih. Refined Sugars Unchanged ark. Aug. 17. Iteflned snrars d at 7.00c, less 2 per cent for wa uncnanged at f.0o5c 316.702,808 252,031.238 144,815,520 188,108.694 101,184,423 09,012.802 58,000,000 83,078.893 40,657,882 N. York Chicago 1'nua .... Boston ., Ht Louis Kan. City San Fran Pitts .. Detroit Baltimore N. Orl'ns 11 cities. 6 days. Other cities, 5 days ,. Total for all cities. A days.. 8,159,418,087 All cities j. 1 day, . flBS.4.28 Total for 411 cuies 51,z30,438-i-2ll.l OU..130 (14T-4-22.0 111, 115.2104.30.il 120,221, K.1558.5 HU.ns.l.lt-js-fiin.n oi.l 4.0 70.5 82.8 59,382,015. .13.2114,205 4.883,100,678 8,002.623.0274- 0.8 772.018,400 S.40.208. 488 20.6 4,32,8S2".41S-t-11.3 003,879,0414- 0,4 tor- w'k ,14J.8.010; S,tl.Ml4M-T-ll.t tt Sixtli St. above Market One half floor, approxi-1 mate area 14,500 square ' feet, available thru change in lease of one of our tenants. Also one store in Filbert Street. Apply direct to owner Central Realty Corporation OF PHILADELPHIA 1800 W. LehigkVAvenue rnone, vtamoitt SM If You Were in Seattle Today . You would be cool and comfortable, and you would work every .minute with joy, energy and full efficiency. The temperature in Seattle was only sixty-seven at 3 oclock yesterday afternoon, down to fifty-four at midnight No man lost an hour last winter because of cold or storm or lack of coal. Next winter Seattle will again have coal every day Within a radius of one hundred miles is enough water power and coal to supply every industry that can be established in the Pacific northwest. You are interested in these facts not only because you want to live a life worth while, but because these facts mean human efficiency. It is directly to your interest and to the interest of the nation td locate your factory where climate guarantees full working time every day and where every man works with a vim and enthusiasm. Locate your factory in Seattle that you may more effi ciently serve the nation in war and be on the ground floor for the' great trade of the Pacific and of Russia after the war. Seattle Chamber of Commerce SEATTLE y VI A -I "u r. v tt If "''"3 m i ' . j r-'paaiL'X'i. fw'T. uiteKk. . kv. fes :MXZ-Mi i-:v" asa --3. :k?- SSTO" ieva Tj,- . " n A.i tt V- f
Significant historical Pennsylvania newspapers