'Ut
Si :
' " fS 4"V
-T
j
mum
fe-A!
DNG-JFU;
-"I'irV 'Vv-tV V,,'.. ,V',
.
iBft-r-
Wws '-of rffi: financial world new york and Philadelphia stoWPk
. ' . - ... r ! ' r-
tv
Fie
r"4-'j T ir
1
tyyoSl
13' Selected Securities
0UR September invest
' ment circular gives short
r, descriptions of the follow-
:hik securities:
,? Sur municibals yielding
from 435 o 48S.
tSJ Two public utilities ield-
g ing about 7.50J&.
i Five railroads xuldinz from
mlS.70 to 7.8094.
f jThere are listed also sixty
1 three other attractive issues
n. vii
w
Send for PE--180
TheNationalCity
Company
' Con it Pendent Offices in J9 Ctliit
ftiUatlpoU 1421 tteitnot St
' Telephone 555 Locust
KnJr-SnrTrm yelet-Aereplaitrrt
CALL FOR REPORTS ON BROKERS'
BORROWINGS HITS STOCK PRICES
Pronounced Uneasiness Develops in Many Quarters and
Volume of Selling Becomes Large Steel
Off More Than 4 Points
Nctv YorJe Stocks
High Points in Today's Financial Nrtvs
Stock prices declined on idling uhen the Xew York erchnnpe poicrn
ors called for dally reports on brokers' barroulnps. Blccl common dropped
mote than points. The Curb market t(H steady, but quiet. Grain price
adianccd In Chleapo. Cotton prices ucrc hl'jhcr. Votctpn exchange shoucl
no special feature, liar sitter uas unchanged In Xcw York and London.
fxMlbOpeftl
A New
Stock
Market
Primer
P.V
'
'
Whether you are an experienced
Investor or just a beginner with
little knowledge -f market trad-
' l"C you should read a booklet
entitled
"How to Open an Account
Kl and
"' General Rules for Trading "
It tells you about the fundamen
tals of trading in stocks and
4? acquaints you with the simple
requirements of relationship be
tween the broker and yourself.
After you have read it you will
i keep it for future reference.
" JONES & BAKER
sncimiTiKs
Widener Bldj.. PhiladYphu
Phones Bell. Wslnot 1600; K'stons Iir H-X)
Krir York ritthiirth
Chlearo Vtreet Priiate Wires Boston
. INOIIIRY Tcu mir sfntl in ronr hooUft on
E COUPON U1W t0 0pen n Accmm,i Etc-
New Yorli, Sept. 6.
The power of the governlnR committee of the stock exchange was
exerted to Its fullest degree In directing price movements In the attcr
noon trading on the stock exchange today. Soon after midday that body
held a special meeting, and after Its adjournment gave out t rewritten
copies of documents, one dated esttrday In connection with Its action
In calling1 on brokers to report the amount of their borrowings on call
and time funds The publication of the lesolutlon by which this action
was taken started a general selling movement, hut at first there was a
disposition to attach little Importance to tho new step taken.
Later In the day, however, more was said about the attitude of the
governors and tho volume of selling became larger, with pronounced un
easiness developing In many iuarters.
United States Steel common sold In the greatest amount, declining
moro than 4 points from Its high price of the morning, and a loss of
about r points was sustained In Canadian Pacific.
Other stocks olil off from 1 to 4 points, Including many Issues
which are little used as collateral for loins. The whole maiket was up
set for the time, but. while the selling was In pi ogress, there was a good
deal of discussion as to why the documents were not published and tho
resolution passed before Steel advanced to 116, until after it had reacted
from that point
Many commission houses had been largo buyers from the beginning
of the week because of the manner in which the leading stocks weie
bought by Important Interests, and In some cases these purchases were
bated on scmi-patrlotlc motive.
As a matter of fict since United States Steel common sold at 11 fi,
the situation h.nl Improved and attention had reaptcd Instead of hein
Increased. Conditions in a money sene are moie favoiablc than thev
weie at the beginning of the week, and baclof this Is the fact that Wall
street his been borrowing pioportlonatelv small amounts, and Its accom
modation his not been a matter of national importance for some time
St Paul, while the maiket was on the down-grade, was exceptionally
strong, and. although It sold off In the arlv afternoon to 50, was persist
entlv bought until the price ciossed til
Bonds weie generally steadv and without matei ial change in anv
issue.
1(1
a
t'f.
31M.
M
oV
4A
42
IB 14
81
31
4tV.
JSH
o!4
n
fsu.
.10414. in.l'i iniV4
.124 13IIV4 IZT
. 2Vx 81 81
.109 10? 108 1
.108 108 1084 Vt
'! 070(1 OITfc V4
. 8 f.7 S7V4
7 344 31 3
17 lfi'i IBV4 14
fit
Net
Clone chKf
lit "i
4BM. T4
3Vi ..
1 M.
31 i
84 Vl
(1SV4 1
40 t
8J4 Mi
43 1
80
80
aw
31 H
41 1,
7fMf, 41
nfi Vi
r. ..
78 I'M.
1
I FINAL PRICES OF CORN
SHOW FAIR NET GAINS
Volume of Business Larger
! With-Broader Outside In
1 terest-Oats Recede
fi- JTomi .
m
iLV
S"
&
, T.U.-988
m
wir w
7f r
y.-1.
i
Z.t
w
m
SUBMARINE BOAT
m
Change in Govern
ment contracts described.
The various types
of vessels it pro
duces. , What is it accom
plishing in the war
i program?
A complete hUtorr t the rompanr
Inrr Ita Inrrptlon U clven In our
renort.. Slnv if n,l rnn n earn?
ABK icr report ii-i
Mmh?rw Con stinK 1 x, of V. Y.
&J8 Widcncr Bldg., Phila., Pa.
Ph.: Bell, a. 40K0i Kace 4080
Mew lork (Ittlre 30 Ilrond St.
rniVATU WIRES
BUY . S. S.
COTTON SELLS OFF,
FOLLOWING STRENGTH
Prices End Above Yesterday's
Close Sentiment Unsettled
by Federal Bank Ruling
Hlith
Adv numcly... lo1
do prcf .... 48
Alaka Old M. 3
Alaska Juneau. 1
Alllfl.Chilm Co S3
do lref 84
Am Heet Sugar 70
Am Can 47
Am Car & P Co 87
Am Cotton Oil. u
.Am Hide & T,ea 20
do pref .... oo
Am Int Corp.. 4
I Am Ice Sec ... si
Am Linseed .. 42i
. do pref 7flTl
Am Loco .... fl7a4
Am .Malt .... im
Am Smeltlne . rot.
jmi Diueu pi
Am Sum Tob.
Am Stl Fdry.
Am Sugar . ..
do pref . . ,
Am T & Tel.
Am Wool ....
Am W Pap pf.
Am V. & I,eiiri. .
Am f.nr , L. pf r.l
Anaconda .... eoy.
Atchison Kitu.
,,,S',i w J ,(,3V4 102
""' ioco. m ni
Huo v unio. fitfu
do prer an
Barrett Co ... 04
Bethlehem Sv 81
do n 88
C UIS.V 7ne nf. mi'.
do 8 n r nf Inlru. inn mjlt A
I t i.i. v l. " 9 y " 'i'7 " '
.-.iwuiviii ii i, , ,'(jj 31) 3j
j Hooth Fisheries! 28 27 27 !
Hums Rios ...H7 14 1 141 4
Butto Cop S, 7.. 11 II n .
Butte A Sup C. 27 a ia V,
Cil Petroleum. 20 l!), lli(, I
'Io nrcf 04 81 01
Kan p.iclflc ...1111 ! lno 4
, ,. nt ''either.. nni, 7V, ai-m fH
i ;.,'".. e '"SCO 34 34
I Mnndler Motrs 88 88
'Chi Gt West. IV. iw,
no pref 24 u.
Chi M . f,t P (14 no
,do pf 80 78
Chi & Northw 114 1)4
Chi It I & P tc 26-4 2
do 6 po pf. OB 88
do 7 p f pf. . 81 4 7B
C C C & St t, 31 31
Chile Copper.. 1(1 18
( hlno Con Cop 40 .io
K J--.'- 4,v4 48
iConsol CJas.. 80 80
1 out fan ... 70 70
( crn Trod . . 4.f, i
Cuiclble Steel any, no n
'ubi c Sugar. 30 30
do pref ... 81 80
Dome .Mines .. 974 n
Distillers Sec. 17 S5
'rle ic, ir,
do 1st pref.. ,n .11
Pcd II & S pf. 30 S9
(iaston Wins .. 29 J9
ien iicar 10 48 48
87
5V4
Sfi
91
84
81
711
r,i
07 lOi
81
102 1
9i'! I
ns 1
r..i 1
01
84 1
84V, -1
71 2
Oen
den
Plec Co.. 147 147
.14
88
fi7 1
7
M "H
B4 4-3
79 1
04 ,
21 1
88
7-1 2
31 1
18
3054 "h
40y.
34
80
70 1 1,
42
(17 1
30
80
nil
no x, ,
18 ..
.11 i",
30 2
J9 ..
48 1
147 -f Vi
BUSINESS IS SMALL
IN OUTSIDE MARKET
War Ordor Stocks Continue to
Show Same Degree of Neg
lect Motors Quiet
w ork, Sept. 6.
There was a steady tone to tho out
side market, but business In eten the
usually active list was small and with
out any new feature
The war order stocks continued to
how the same degree of ncfilect that
Ins marked the trading for some time
past, with most attention attached to
the supply of Aetna Explosives, which
sold from 10ft to 10'. WrlRht-Martlti
was quiet, selling at lOU, and Subma
rine was unchanged In ltn trading posi
tion, selling at 18 and 17 .
Cosden, v hlch has been firmly held
all through the recent trading, shewed a
heavy tone, declining to 6 'Si. There was
continued sbf-orptlon of Stanton 6ll In
line with the accumulation of that Btock
prior to 1 he announcement of the new
directors, but Its prlie wis not mate
rially changed Burnrlte Coal was Arm
Hums UroCiers Ice soliKat 37.
Houston Oil dropped 2 polntb to 76 In
the forenoon, but rallied In tfe last half
of the day.
There was smaller dealings In. the
bond market than for some time oast,
about the rnly feature being th con
tinued demind for Bethlehem Steel Is
sues The motor stocks were rjulet, with the
onlv trading lo United Motors, which
cold at 32 ' and 32
IM1U.STIUA1.S
11M
Aetna Kxploslves .. 10
Am Brit Mfg 2
Am Marconi 3
Amcr Writing Paper. 3
Air Reduction 80
Canadian Car Co.... .10
Con Car & Tdy pf . . 80
Charcoal Iron 7
Chevrolet Motors ...127
Ci.imp 79
Curtlss Aeroplane . . 3
Cnrwen Tool 8
Carbon Steel 118
I'mcrson Phonograph 1
leoeral use
Ilendee Mfg 10
Like Torp Boit.... 4
Lehigh Coal Sales... 84
Lima L'co 44 '
Maxim Munitions....
Marlin Arms 84 ,
N Y Shipbuilding 45
Nor Amer P P 3
nils uievator 47
Philadelphia Stoch J
Low
nl
ft.1
18
89
81
44
21
27
Stt
38
on
Net
che
-1
Close
M
18
89 -.
81
44 ..
2.V ..
27 ..
89 2
I ,
i
10 111 3
44 44
8 8 ..
41 41
'A
llh
8 Am Gas.. 82
210Klec Stor (14
ISOLk Sup C 18
loLeh Nav.
2 Leh Val . 81
4A1 Penn nil 44
22 PhllaHlec 21
2P n T t 0 27
440 Heading.. 91
2.1 Ton Bel.. 2 If
15 Un Tract 38'
68U a I .. 81
8020 U S Steel 114
20 W niec. 44
100 War I & S 8
aw J & S 41
Total nalea. 7820 rliare. eompnred with
3088 iiliare senlerilari lhu far this, week,
24.748 aha?ei same perloil lit week. 17,747
""""' IIOM
Hluh Low
$1000 Bald Loco ,
1st Bs . 99 99
3000 City 4s '4.1 97 97
21000 do 4s '47 07 97
1000 Lib Bonds
3s. . . 101.91 101.94 101.94 .34
1000 da4H. .. 04.10 04.20 94.20 .10
1000 do 4 Us. 03.40 01.40 03.40 .01
2000 Pa Co cvt
4s 1943 8.1 83
7000 Phlla i:iec
1st 5s.. 01 95
floss
Net
etige
99
07
97 ..
83
STOPK" TRAHTlVn TS P.YTTCF.MF.T.V
, DULL ON. THE M)CAL EXCHANGE I
Outside of Steel, Which Has Sharp Break, Price Change
Are Uninteresting P. R. R Gains Slightly,
Then SNells Unchanged
$
( Stock trading was dull and generally uninteresting oft" the Philadelphia
exchange today, about the only development to attract attention being a
sharp break In United States. Steel common, the continued activity of Penn- .
sylvanla Railroad and a decline in Reading Comnanv. -
Steel became active after nominal transactions before midday, and, n( -f
line vvun 11s course on mo Dig noarci, yieiaea as mucn as 4 points, wnne
PannDVllflnla Tfntli-narl hah iirmtifmrrsrl oftnt. kaini. Iilcrliaf. anrl TBattior
flronnerl hrirlr 5 untntn- Ihft inflliennn nf itnfavnrnMt' nnntrnrtlnn i
placed on the Federal contract by railroad officials having a detrimental .
effect.
,V
Test. rloe
Ask (sale)
Motors ..131 124 124
f.RMN HILT nailUB mMlITIOVS
Chlritn, -ept. 8 llllnnlk Tnlr nnd
tllirhtl) wurmer tonluht mil sitnrUar.
MNraiirl. Kn. Nehruski. In-ii "
IVfonilnE lair and uriner tonUnt anil
HlMonnln Knlr Jonlcht 11 nil MindnT:
bllclitb warmer tonleht In hoiilii.
M nneotn Flr tonlcht and hitiirdnr;
wom.ee tonlclit In wl .mil "Iren.' south.
North Dnkotn Fnlr tonliht and atiir-
dm sIIbIiIIt wnrmer toniitlit. .,,
sinth riikotii Fnlr and somewhat
wnrmer t lolplit anil atitrdnv.
lontVn-i Fair tonlelit and Saturfliys
w-imier tonleht. V
Chlrago. Sept 8
. Prospects for higher temperature
brought about a reaction In the market
for corn hero today after it had been
trong The upturn was due to colder
weather and strength in the Southwest,
which led to good buing through com
minion houses
The demand fell off liter and there
(was considerable profit-taking, under
Which the lone became easier, although
' final prices showed a fair net gain The
volume of business was larger with a
. i.rn.f mitslrle Interest
The New York Central announced an
embargo on all shipments of grain to
, Buffalo for reconslgnment or to be held
I for ordeis
Tho bet on September was Jt 5i :
the bottom $1 RG58 and tfie close lc
I higher at $1 66"$. The high on Octoher
11 r.i. . the bottom 41 hlhs and thj
'final $1 fiSiiT 1 58'i. against ,M 57' at
the close vesterrtav ine iop on .mji-ih-l.er
was Jt S8N . the low Jl 5G and the
lcloe $1 MliTfl 564. against $155
at the end esterdav
Ti,nr was a fair trade In oats an.1,
after showing firmness, the market re
ceded from the top with corn Final
quotations were not fir from jestei
rtnv's cloe The domestic and export
demind for the cish article was smill
I The high on September was il'iC
the low "0"c and the close c higher
.t 70r bid" The top on Octoher was
.... X. httn.n 721, c and the clost
7""'Tr721'c against 72VjC at the end
Uesterday. The top on November was
At A MEETI0 OF THE HOARD OF III-I 74H ; tho Bottom n "" "" -
ai i-k
Leadlne futures ranged as follows-
cotton nn.T nr.VTiiFti coNniTioNx
NHH KIRK. "ent. 8. Srsttered pre
rlnltitlon woh reported In lite rntton belt
tl.U mornlnfr with tempentnres senon
iiole. The following temperatures were
reeordeil:
Neliill1e. MemnliU nnd OklMioim CKt.
18: hretenort. Knnvillle and Atlintn, nnj
lnrt -mlth. I.lllle Hork nnd 1 1rktbiirK, 02 1
Vlneon. MontromeM, ..in Vntnnlo nnd
Corpus Chrlnll. 881 rensnroli. S: New
Orleans 70s (uilteston AllEiistn. Thni1
illle and Wilmington. 72i -"niiinmli. 74 1
laeksonrllle. 70t ( l.irleston and Timpa,
There Yi"' "1 Ineli nf preelnltntlnn nt
Tlmmnlll Shreveport 1u.1l sn Vntnnlo;
Si nt Oklahoma ( Itr nnd Nnshrlllei
.08 nt KnovTllle nnd Corpus f hrlstl.
JN rw VnrU Rrtn A
After showing strength, the cotton P pkelnc
mirLol cA e(i 1-. ,., ,. .. . . , -11S J H nil-.
.......b njiu .-j. inu.i(. u.iiinuKn it ennen tin nref
00 -)4 inn'), 1
Ooodrlch B P. . 47 48 48
iHranhy Mln... 82 i 82
ui jsor prei ..91 02 92
do Ore subs. 33 12 32
Oieene Can Cop 41 41-4 44J4
(iulf States Stl 84 82V, 824
Hiskcll Al Bkr. 48 41 41
Illinois Cent .. 98 98 90
tnt Agr pref . 82 81 81
Tnsplr Copper . 04 52 rl
Interb-Cons Cp 7 7", 7
do pref . 11 31 11
lnt Harv N J 127 127 127
Int Harv Corp 81 82y, 81
lnt M Marine. 28 28 27
do pref .. 101
Intl Paper . . 31
Intl Nickel 29
Kan Cits Sth . 18
Kelly bpringfd 4754
Kenn Copper . 34
Lack Steel 85
Lehich Vallev 81
L & M T Co pf.102 10
Loose-Wiles B 28 2
Lorlllard P ...147 147
Max Motor .. 28 28
do 1st pr . fiO 59
dn 2d Dl ... 22 20
Mex Petrol . 104 101 102
Mliml Con Cop 29 28 28
Mldvale Steel . 53 52
11 11
21 24
58 58
70 70
18 18
12 51
20 211
1
1
Mo K T
Mo K & T pr
34
20
18
47
34
84
00
L
Mont Tower ..
N Con S. Cab. .
X Kn & Stp
Nev Con Cop
N Y A Bke
N Y Central
J -if th a ciutaTrT jts.. . e. " $
3f w, , iM.ZUatm tt ('hlladeii.nii all Jr
tt't!f 1fc',t st0'-- K"""
ByaiT, 1
iit'if niMnFNn'.
aDove jesterdaj's la-t prices Brokers
on the floor paid a good deal of atten
tion to the action of securities, following
an announcement tint the governors of
the New York Stock Ilxeh-inin. nmiM
require from firms a dallv statement of C- 4- Vlli H 41
the amount of monev borrowed on time N y o & West 22
...... .... v..,., m mi- it-nue.i or tiie I ed-
eral Keserve Bank This unsettled semi
ment The Initial advance of about 25 to
30 points was just about lost during the
earh trading under selling, encouraged
bj the Improved weather and crop re
ports from Texas and disappointment
over the ocean freight room allnted by
the British shipping board for October
This was stated as being equivalent
to 150 000 hales compared with the
allotment of 160,000 for September,
whereis many hid antlrlpited that more
room would be provided
on the decline, however, the market
was steadied bj trade buvlne- and ral-s
lies occurrea wnicn carried prices well
above the earlv level ,id Eome 50 to
55 points net higher
124 122
71-ifc 71
41
.14 1
29
18 1
47
34
84 1
60
102
28
147 1
28
59
20
1
52
8
11
24 1
18
70
10
51
20
2"4
r-!5,.A1
.,.I'W1-.ba.... .f h lllTIFT.ll.rill 1TI. .
-. Wat m- vitiv .! tiit r-fiMnAKt h.1,4 I nlgnti.
1FW 1 1 ' ' .' .-- L- -.-- -. ---- ,.-..--,
Mvteraber 5. 1018. a semi annual dividend
mt Art. ISl.fMI per snnrel. was deeldred pay-
M HcDtember 23. 1018. to stockholders of
fceord September 11. 1018
vCbccks will tio mailed
'ife- JOHN V. LOUUHNEY. Treasurer.
!" t.EOALADVt.nTISF.VIEN-TS
Ji I
Hlam0be,
VTSiVKmentln
1 174 1 19' 1 57H 1 1RH 1 '!
1 5fl 1 58i 1 SO 1 5s LS
i , :
C afcL
sfa& " -. I
OTICX IS 1ILKK1I (.lVF.N Til IT
an application will be made to the
ir of the State of l'ennlnn.a nn
nber 16th. 1018, by Arthur I.. Ilraus,
t"?iNuluiino niianiires unu daron n. liolil
. .tiuuith. under the act of Assemblv nf the
i.A4,4ii Commonwealth of Fennsilvanla entitled
J.i-'in act to provide ror the incorporation and
. lifveuiauon 01 certain corporations. ' ap-
" HOVl APril 29th. 1H74. and tha niinnl..
4k-IBent thereto, for the charter of an intended
arporation to bo called Ilraus' Inc., the
v4duracter ana oDjeci 01 wnicn la the buylnff
"rand aelltnE at retail ladleb' and rhlMi-.n .
."tdoaka, suits, dresses and other articles of
wearing; ayparei. aiiu lur inese purposes to
v have acdipossesa and enjoy all the rights.
benefit and privileges of the sjld act of As
jjMtbly and its supplements
,t a jiaa iiciiiurjHu, Bollcitor.
ESTATE OF HANNAH U. has.:
I IELH. deceaed Letters testame'n.
TWn the, eatato of Hannah C Darnel"
ea. navina uwi iiHnieq io fiDELlTV
IT COMPANY and WALTtM a
ilS. alt persons Indebted to the said
. ar reauested to make nvm.n. "T
, havtnc claims acalnst the aama to
it them, without delay, at Ih.i' I?
aid company, Noa. 3J3-331 Chestnut at
ipnia,
IDKIJTY TBUST COltPANT.
Jf WM. P. OE8T. President,
yttt-til Chestnut st . Philadelphia.
ESTATE OF LOUISA O. Ili.uiii .'
aeeaaed -Letters of dimii.. " ..
STbovV Testat, having been rranted' ,3
fSaideraUmed. all persona Indebted to th?
aaana ib iswii iu raaae payment
J31-832 Lanr-ntle mir '
f Philadelphia." fr.
STATE O OUN T. LKCKKX. daM
ui4 Letters of rtmlni.iTlr- "
atata ha Vina- been m.n. .? .9
a-ned. aU persons Indebted to the Wii
are. requestea to man payment. Vii3
inr ntiini lo nrMni .. -r
dsiar. to " '"
HESBIR A. T.vnvu
4a hr Attorney .".
wMnfI.lni-iln Bntldlna-
.COMMONWXAI.T1I vs. JOHN KIkI
rase, rndrt r gnar. Sesa.. .hn.
Term. 1917. N 120. I.
Au l hereby alven that an !!. ..
, pardon for'the defendant In the hiH.
will be .presented tnj the Board if
at ineir meeting- to be held ai
Uli, Saptember 18, 1918. w '
g IIIIIMAB IT UAIN
, ..-... w .nr r-riimr
71
n.n inu Hellerl
""' Open HlEh
Sept
Oct
No .
Oats
SoV ?!:
Oct
Oct 24 10
Nov
rork
5"' 4 J 50
-- .-. . ,a
ma irti
Ixjw Close
close
1 MH
72W
74
7m
74H
70S.
7J4
174
28 B1
26 70
21 SI
24 30
26 71
20 12
21 70
23 87
42 r.O 41 70
JNominai
28 75 t27 00
jn 52 2 S2
21 70 124 20
23 97 24 47
t24 40
41 41 42 41
41 70 t42 70
152 j
74 1
44 -,
on
106 1
90
08 "-4
37
10 ..
65
32
44
45 1
Peerless Motor .. .. 15
Poolee Hug 40
Itedden Truck
Scrlpps-Boolh 20
standard Motors ... 12
Steel Allovs 4
Submarine 17
St Jcrenh Leid 14
Todd Shipbuilding ... 88
Triangle Film
United rroflt Sharing
I' S Steamship 6
t'nlted Motors 31
IVorld rilm
Wright-Martin Air .. 7,4
Zinc Concent 1
io
o
3
4
70
40
on
8
128
81
36
8
122
iy
20
S?
40
00
47
3
52
17
00
9
28
11
5
18
14
01
0
31
"4
10
'.
130
46
3
12
18
1
32
8
WAMIAMI OH.
Illinois 143 148
Ohio 301 307
Prairie Pipe 257 202
S O Cal 213 218
S O N J 517 522
SONY 257 263
INDKrKMlKNT OH.
Birnett Oil &. Gas... A
Cosden & Co 6
1.1k Basin B
Federal Oil 2
Inter Petrol 18
Houston Oil 76
Merrltt Oil 21
Midwest Hefining ...110
Met Petrol 1
Ohio Fuel 12
Oklahoma Ref 8
Sapulpa Itef 8
Sequoyah
Sinclair 1514
STOCKS
8
5
2
18
78
oi
112
1
17
6
6
fi
10
MININT1 STOCKS
4
11
35
38
60
68
112
67
esterda s 10 10 II 10 1 in 2 30
close Open am h m n m . m
Oct 31 71 11 10 .11 7S U 20 ,14 CO II In
Dec i- is n nn n ,,o 34 0o ji
Jan 11 ni 11 ni 11 OS 3t 1"
llarch . 12 nn n nn 31 on ...
Ma 12 ni 11 ni
July . . 32 4 1 1J 91 . ... ;
LIVESTOCK QUOTATIONS
Chleaao. Sept 6 HOai Receipts 11 nnn
head. Market uneven, but gen-ralli steady
with jesterday-a average Top. $19 90
butcher heavj, $10 151B71. medium light'
JIB 10010 R1 packlnit heaw. J18 1101R 71
medium mixed 1S 4n19 light hoga l 21
Hi no pigs, HSiKfeio rough. tlT. 19018
CATTI.K necelpfs 7100 hfst) steera
mostly steads, bulla weak to lower; calves
steads
SHEBP Receipts. 16 000 head Market
liic nigner
Kansas Clt, Sept 8 CATTLE Re
celpts, 3100 head Market steads 10Q15c
lower
HOOP Receipts 6000 head Market 10
lie lower
SIIKKP Receipts. 500 head Market
nominal
RAILROAD EARNINGS
C-RAND TRUNK RAILWAY
fourth week AUC.. 42.238.8114
BAR SILVER
Tnr.
JtJ9S17
T.ast
Tit. Frl I? ?n
tniR-
lsrtv
BflSSS.Wa
3
18
24
00 1
01 2
5 -
Trn 1
20 1
139 1
3iy.
88 I "4
26 1
67 1
46 Vt
42
18
150 2
89 2
1
Kouth Omaha
ninn head Hldd'ns
51? 1.-1 rrin "1
CATTLE Recelpta 2100 head
SHEKP Receipts ssnn head
Pept 6 HOOP Receipts.
10 to 25 loer Range,
Cars. 226
Vorf West . 106 106
North Pacific . 90 90
Nsva Sco Steel 60 66
Ohio Gas ... 37 37
Ont Silver .. 10 10
Owens' Bottle . 66 61
raclflc Mail. .11 "J,
Penna It 11 44 43
11 n .., X r- JRIW. 41
r, lnrnn.tlp 141. 13 18
Plenv. Oil . . 18 1.1 11 "fc
PittS . Wi-st . 16 31
Pierce-Arron . . 39 38
Pitts Goal 50 .10
Prcsed S C . 70 68
Pull Pal Car. 112 1IJ
ltv Stl Spg . 68 68
Hay Con Cop. 24 sin
Beading . 02 89
Hep I & Stl . 92 90
Saxon Motors s 'a
Sea Alrl.lne . 8 7
do pref .. 22 20
Sears-Boehk . 139 139
Sinclair Oil .. 32 SIJ4
South Pacinc . 87 65
Southern ll u J.'Ja
do pref . .-68 67
Studebaker . 47 "Jfc
Sup Steel . . 42 42
Tenn C H C. 19 1
Texas Co.. ..159 155'
-U TCwOTrttir-tH . . 71T 67
iTnion Pacific. 127 122'A 12.1
United Alloy Stl 39 38 3 T.
Untd Cig Strs.101 101 101 2
United Fruit... 133 U V4 130
U S ind Alcoh. 122 118 "OH -
U s Rubber... 62 01 82
USSral Ref 44 42 4J 1
U S Steel ....114 110 111 3"a
US4f ..110 110 110
Utah Copper... 84
Va Car Chem . 55
Wabash J'A
do pref A . 49
Weit Marjland 15bm
West Union rei m
Westhse Mfg.. 44
Worth'n P & M 66
Wheel & I- E..
Wilson Co . .. 57
White Motors. . 46
Willys Overld. 20
Atlanta
IBIe Ledge
tiuiie iew iorK.... vi
Con Ariz 1
C r S &. Jerome ....
First National 1
C.oldfield Merger ... 1
tloldfle'd Cons 20
(loldneld Florence . . 9
floldfleld Kewanas ... 3
Green Monste r A
Hecla Minings t
Howe Sound 4
Independence Lead . . s
Jeromo Verde
Jim Butler 54
Jumbo nxtens,lon ... 9
McKlnley Darragh... 41
Magma Copper . ... 30
Mother Lode 31
Mines Co of America 1
Nevada Hills ...
Nevada Wonder .
Nlplsslng ...
Ohio Copper
rtey Hercules . . .
San Toy
Stewart
Tonopah Extension
United v erae ....
West End Con . . .
White Caps
"Verlngton
hpyriMi'rBTNn''
NOT1CK
TO T1IF. TOrKHOI.jmiS OF
r0On'.ff hereby glv'n thit a special meet
Notice is "Vi-rkholders of the Common.
lnB ,S! r-'a'Sualty Complnv Is hereby called
wealth Casualty ,d Company In
to meet at T.i 6ih and Chestnut sts .
the rWLBup',nna at 12 o'eloek noon on
Philadelphia. Penna . at I ka artlon
October 8th. 11. P"',-0nS ' doptfd by tha
the IorwiM.ftVrs i SI "aid Company at a
Board of P, tfiiv "ad 1918 'Vll
""""SSrvYviri? "That the Capital Stork of
thUB(An5i incr.d from .200.000.00
t0.pqSivBD ALSO. That such increase
RE?ii .uch time or tmii as the said
be made at sucn "in- . .. , A ,
Hoara m "jl-.V" Interests of the Company.
,rZein?reaM not to be considered as fully
auch Increase n ' ",.fl,d Dy aald Hoard to
fhU.thprop4 oi?telal of the Commonew.ljh of
reEm?cel.U.'l '' iy,1 ,.hV,".t "W
N?ilir there will also be submitted to said
meeting there wii. nrocurlna auch
etocunoiaer. V" v,m,nU or alterations to
?h"nChiVte"r Bmdril,imws of the said Com-,h--
. will be legal and beneficial and In
SSJgrf T wlTh the purpose of the Charter and
Siisary to meet the requirements of the
SEseit atatua of the Company In auch man.
I... i may be deemed to Its best Interests
atockboldera of said meeting
by stocKDoiur, COOK. Secretary.
PROPOSALS
res MATERIALS
OF
rand eoulpaae Office Cnjartermas
IP" a... loin i near rorK CUT.
in. trwiicaie. will Dt. ra
sa a-saaca Jssan. sepltntar
ejolea and tiln hAl-
UUH-
nwt soiea and p
afkaaaajaajJAa mtg
Plttsbureh, Sept 5 HOas Receipts
1600 head Lower Hea, $2020 10:
heai-s- orkers 2IiJ21 in light yorkers.
$2nm20 71 plea t2ne-jo r.n
RHEEP AND LAMBS Receipts 500 head
Lower. Top sheep $12 71 top lambs. $16 50
CALVRS Receipts. 100 head. Lower.
Top. $19
Eat Murrain. N. Y.. Hept 8 CATTI.r
Receipts 500 head Hteadi to Ktrnnc-
Calea Receipts, ono head strong. $7
HOUH itereipta jhiiii nci Easier.
Hea-v $20 102n 7.1, mixed nnd yorkers.
I2m.itr2i 1'ght vorkera I2n inmo 71.
p'gs $2n21iR20 5n, roughs. $17 5018.
atacra sizis'i-i
SHEEP AND LAMI1S Rece ots 1500
head Stead Lambs 8 17 71. srarllngs
ITWin. wethers JiiiimnTi ewes. $80
12 10. mlied sheep. $12 7.111 21.
83 Yi
5
n
15
84
43
61
9
57
46
10
83 1
53 1
0
30 1
15
84 i4
43
61 1
9
57 2
46
20
i-ntnl unles. 814.200 hares. eompnred tilth
el'iurf".
8
4
7
1
37
I
15
2
IJONDS
Bethlehem Bs M
Cosden Oil bs m
Cosden & Co 6s 81
Cudahy 5s . . 07
Rus Gov 5s 51
Rus Gov 6s 58
Southern Railway 5s 98
Sinclair Oil 6s 80
Todd Shipbuilding 68.100
5
n
4
1"4
1
i
3
21
14
5
tt
4
3
w
51
11
47
33
81
iy
4
V
8
1
4
8
'i
S7i
lt'
16
4
98
83
83
97
58
69
0S
82
103
8
5
lift
'It
03
v Total aales. 827,000, compared with 11.ino
esterilayi tl.ua far this week. $102,000:
same period last week, sxu.evu.
Local Bid and Asked
American Stores..
Rrlll, J a
Buff & huq
do preferred ...
Baldwin !.
niectrle Storage
Gen Asp
do preferred . . .
Kev stone Tel
do preferred ....
Lake Super Corp..
Lehlsh Na Illation.
Lehigh Valley ..
Lehigh Vallev Tr.
do preferred . . . .
Pennslvanla ......
Philadelphia Elec.
Phlla Co 5 p o pr.
do 6 p c pr
Thlla R T t c...
Reading
Tonopah nlmont .
Tonopah Mining .
Union Traction . . .
It tl I
U S "Ueel
VVm Crnmp
York Wnllwavs . . .
do preferred
Today
Bid Ask
28 JO
J1 26
Ml
1U 92 92V4
,-,j4 M 5iv
an .11 81
ti6 67
7 7 7
47 40 47
17'4 18 18 1
80V4 70 69V4
80V5 8t 01
.. 19 ..
37
44 4IH 44'i
24i 21 25
21 2
12 31 32,,
27' 27 27W
R9V, 90 01
2 211 2I
1-l is' 37'?
84' 61 , 64W
111 lll'l 114
Rn 82 , 80
, 30V4 32 3014
Yesterdaj
Rid Ask
26 1Q
21 2ir
91
54
32
07
8
h
25
25
31
28
91 "
2M
2H
3S
61
1144
82
9V4
32
New York Bonds
Tl.. ll.- fl.nl t.n,.. 1 1. n wnlt-. .,M& I1.A A-.1. Ir.ii.m nnn.n.lnw nlll.M .9
uiine lily iiiab nuui uio mill ncic liio uiiij laoucil aytx. iii uuboiuo v ..
Steel, and transactions in other Issues later In tho day were Email ahH,.-n ."
most cases did not attract any Interest.
American Gas lost a jone point advance, Electric Storage Battery sagged ,; a
i point, ana ttapia .transit ceruncaies, unnea uas improvement, i-niiaaoi---
phla Electric and West Jersey and Seashore: all appeared unchanged fromJ
their previous closing prices. Lehlgli Valley yielded V and union Traction
nnlnarl oltllla A
Tho outstanding feature of the bond market was a slight advance for
Baldwin Locomotive first Bs and a gain of 101.94 for Liberty Loan 3s.
The Interchangeable Interim certificates of tho First National Bank rti
New York and Drexel & Co., exchangeable for the Lehigh Valley new ten
year collateral trust gold bonds, w. I , were admitted to the unlisted depart
ment, find one sale was recorded at 98. T
Owing to the listing of thcie Interim certificates, tho stock list com
mittee lias stricken oft the unlisted department of the exchange Lehigh -,-J
Valley Railroad Company's ten-year 6 per cent collateral trust gold bonds
due September 1, 1928, deliverable when Issued. 'Jf
A
4
9
45
31
34
8
Yi
13
1ft
HlBh I-ow Cli'e
706000 An-French 5s. 11 9B 95
TflnOAin For Sec Bs 97 97H 974
7000 Am Smelt E'l . 861, 8014 b6
1000 Am TVrl Pa 5H 86 86T4 86
BOOOArmo Co 4s 81 81 83,
5000 Atchison gn 4s 80-4, 80 80 44
3000 B & O 5s... 87 87 8i
4000 do Bs 79 79U "'4
24000 do 4s 74 '8 J4 i4
7000 do cv 44s . 77 77 77
2000 Beth Steel 5s ,,
1936 81 81 81
1000 dcrfd 5s ... 88 88 88
1000 Brook R T 7i 9 95 95
2000 Bordeaux 6i.. 96 96 96T
3000 Cen R R N J ,, ,.,
5, 100 100 1001,
otnnnr- n n n Bs.. 81 81 ijs
6000 Chi Gt West 4s 66
1000 Chi B &. Q 4s. 93
2000 Chi HI & St P
rfd 4,Js .... 68
3000 do cv 4s.. 78
15000 City of Par 6s 94?i
16000 Con Gas cv 6s 99
1000 Del H H rfd 4s 0
10000 Den & R Gr 4s 67
9000 Dora Can W21 94
3000 llrle conv 4s
ser A 49
6000 do 4s ser B. . 49
1000 do 4s ser D.. 52
mnn An i-m 4r .. 53
u.nAnr,.!. nnn Klft101U 100
10000 Hud & M in5s 20 20i
5000 Iowa Cent 4s. 78
47000 InteYb M 4s. 50
snnn Tntrrh KT rf 51 80
63000 Inter Mer,M 6s 99
5000 Inter Agr 5s.. i4
2000 Kan City T 4s 71
4000 Lac Stl 6s '23. 91
1000 Lk Sh db 4s '28 85
39000 Leh Val ret 6s 9Si
lOOOUou & ivasn 4S .s4
LOCAL MININCi,STOCKS
TONOrAH STOCKS
Jim Butler
MocNamara
Midway
Mlzpah Extension
Montana
North Star,
TlaamiA I-'llln ............aaa
West End 1
GOLDF1ELD STOCKS
Atlanta
Blue Bull
Booth ,
niomf IJ R
Palsy '
Kewanaa
Orn
nr MAn ...............
Silver Pick 04
MISCELLANEOUS
Arlrona United
N'e ada Wonder
Tecopa Mlnlnir
56
93
68
78
91
91
80
67
91
49
48
62
53
78
60 Vi
80
98
74
73
-95
85
98
81
Bid Ask
.54 .58
..in .12
.01 .07
.01 .07
.10 , .14
.01 ' .07
.10 .12
1 1H
s
.04 .05
.01
.01 .01
,02 .01
.01 .ni
.02 .04
.. .01
.01 .02
.04 .06
.18 .20
.12 .15
LONDON STOCK MARKET
Confidence Prevails, With-'ActlvHy Irr
Places Shipping Specialties React
London, Sept. 6 A feeling of confi
dence prevailed on the stock exchange
today and the markets were steady with
activity In places
Shipping specialties, on an official de
nial of amalgamation rumors, reacted. .
(Jrrman Mark Hit by Hun Retreat 4
Copenhagen, Sept. 6. Tho present
situation on the western 'front has '
caused a fall In the German mark of j
about 17 per cent, while the British J
pound sterling has risen to tS 04. (The
mark Is normally about twenty-four
cents, the pound $4.86 )
16
58H
61
81
MONEY-LENDING RATES
56
93
68
78
'14
01
80
67
91
49
48
52
51
100
20
78
50
80
98
74
71
91
85
98
831'.
vi'uu iv iiopii -... - . j.. -.
611000 ub nnd 3,4.ini-Doi";-;i"i-;:
446000 do 4, 04,18 04.30 013
17000 llo lit 4s... 05.06 01.02 01. J
1302000 do 41i .... 01.82 OU 01.64
647000 do 2d 4h.. 04.31 04.28 04.3!
15000 do l.t 4Vi. 0V10 W V-fl?
5000Mld.-ale 5s ... 87 87 87
2000MO Pac gen 4s 5i 67 5i'
4000 do V L 5s -26 86 86 86
lOOON'YCill 3s 70 70 70
5000 do 6b 94 94 94
itMnvvpllU'tJ.IM 100 100
1000 do 4s"'61 rg 94 91 ?4'M
1000NYNH&H6S 90 90 90
1000 X Y Rwy 5s.. 20 20Ji 20
ftftft v r -r x At fis 48 48 48
'1000 Or Short L, 6s 100 100 1"J
1000 Pere Marq 5s. 81 81 81
3000 Pa gen ct 4s 87 87 87
2000Fieice Oil '24. 83 83 81
8000 Rep Ir & 8 6s 93 93 93
37000 Mnc Oil vvr 7s 97 96 97
15000 do 7s "! 93 93
11000 StLclSF at 6s 70 69' 70
5000 do in 6s . . . B3 61 63
8000 do Ker B 5s. 72 72 72
2000 Peab Ah adj Bs 55 55 55
2.1000 South Pc cv 6s 91 91 91
3000 docv4s 79 79 79
12000 So Rvvy gn 4s. 62 62 62
2000 Third Av ad 5s 33 33 S3
8000 U S Rubber 5s 80 80 80
1000 do 6s 100 100 100
7000 IT S Ml SF 5s 98 98 98
4000 Union -Pac 4s. 86 86 86
4000 do rfd 4s.. 79 79 79
12000 U K of O B S. I
5Us 1919. 99 99
20000 U K of G B & I
6s nw 1919 99 98
61000 UK of G B & I '
6s 1921... 96 96
20000 Va 6s Brown
Bros 64 64
1000 Va Rwyo 5s.. 85 85
2000 West Md 4s. 58 58
ijlllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllimilllli:
Financial Briefs
STEAMSHIPS
JACKSONVILLE
SAVAVNAll BOSTON
. ""."." -u sll-
tO rJ vann'' nn jacKMnnuf
BO-
rt,tiiphj
xor v;i.ru;-iir;i- .i-.-
too. r J!w ""Sir'l J21
mp mil points South. PblU4lphl& to
DIVIDENDS DECLARED
Edmonds Jones Corporation, quarterly nf
I" per cent on preferred pasble October
1 to holders of record September 20
Manutt Sugar Company, quarterly of IK
per cent on preferred paable October 1 to
holders of record September 3 4,
United Light and Railways Company, quar
terly of 1V4 per cent on preferred and 1 per
cent on common paable October 1 to stock
of record Sentember 18
Tobacco Prr-ducta Corporation, rerular
quarterly of il T on preferred pajahle Oc-
tonr i a siotk oi rerora oepiemDer 17,
Canadian Croker-Wheelfr Compans quar
terly of 14 per cent on preferred and com
mon nyM ffentember 30,
Alaska Trust Company, quarterly of SI a
share payable- September 30 to stock of
record Hejtlember fl
NEW YORK CQFFEE JIARKET
New York, Sept. 6. The market for
coffee futures evened quiet and unchang
ed this morning;, at an advance of 5
points, the late positions showing rela
tive firmness.
Test,
Optn lilzh low Clous close
rvtnVi 8 A3 8 63 8 A5
Noverobtr ..... " ?. 5 ?! ? !
Decembar,.-.. SK 5'J "5
" The General petroleum' Company con
solidated Income account for the year
ended June 3p, shows net Income of
3,762.491, against J2.M3.667 In the pre
vlous year.
Payments on the third liberty Loan In
fiSfc duhee.namo4unFeedr !
fee' fea2r37r7Y4m63n7!onlnhaetfP SR
mints at the beginning of this month
were, J4 165.635.972 on total subscriptions
of $4,176,616,850.
The board of managers of New lork
Cotton Exchange this afternoon decided
to have no session of the exchange next
Thursaay, reE""n"" "i'
The canltal Issues committee has re
fused to permit the American Tobacco
Company to sell the $26,000,000 one
To ftve-year serial 7 per cent notes. The
tobacco company, however, is permitted
to renew n iiiutofc . -... ..---
Government sanction to float Its issue at
a future date.
Jones Baker say: "Copptr produo
tion reports for August show substantial
iHAH,fiiiftH rAer the corresnondlng montn
a year ago. Not n. few of the leading
producers stand an excellent, chance of
establishing new production- records In
1918. Whether earning reports show
a corresponding state cz anairs, me lm
99
98)
96
61
85
68
NK1V YORK Money on call, mixed Total sale. 7.93l Ooo, romnared with '.
..niioi.rai no minted all AtLV at 6 per ROI.COO jrstrrdart tlnis far this week. !.-
."L. i!. -7.r- in.icirinT iintrml W.ooOi Mint period last tett; s3B.ozi.ooa.
tcuii Aim mic ui i .', w.. .-. -
was 6 per cent.
The time money market continues
cloe, with rates nominal at 6 6 per
cent on good mixed and industrial col
lateral, respectively, for periods of sixty
days to six months
Prime bank acceptances are quiet at
4 5-16F4 per cent for eligible mem
ber bills, 4H94 5-16 for eligible non
members and 55 per cent for Inellgl
bles. Prime mercantile paper continues In
active at 6 per cent minimum discount
figure.
rilll.ADELFHIA Call, 6 per cent:
time, 66 per cent. Commercial
paper, three to six montns, 006 per
cent; six months, 6 per cent.
FOREIGN EXCHANGE
ew York, Sept. 6 The 'foreign ex
change marnet opened quiet nd was ir
regular within a narrow range. French
exchange shaded slightly while some of
the Scandinavian exchanges showed
steadiness. There was little feature.
Quotations were:
Demand sterling 4.75, cables 4 76
9-16. Sixty-day bills, nominally, 4.73;
ninety-day dius mi.
Franc cables 5 47, checks 6 48.
Swiss cables 4 45, checks 4 47.
Lire cables 6.35, checks 6 36.
Guilder cables 48, checks 48.
Pesetas cables 23 50 checks 23 30.
Stockholm cables 33 50, checks 33 10.
Chrlstlanla canies ai. cnecKs 30 eo.
Copenhagen cables 30 60, checks 30 20
BANK CLEARINGS
Bank rlfarlnss today compared with cor.
responding dalast two , . ,
nun. l noi nTI f.l 114 flol IRQ mo ml
NvYork aim n 1.1 nn t Htn aso 54i),73o'.3oi
Boston. 48 0VI144 70 616 232 32,121,(14!
Hallo 12.803,!i71 II.HX2 4H2 7.4711,141
St. Louis 27,221383 21,835,006
No Rule of Thumb
Governs, the Conduct
of This Bank's Business
Old fashioned set rules of
banking are not followed
blindly, but we strive each day
for perfection of service.
Have you business prob
lems ? Let us help you.
J
m
3
4 Hff
S J
i
I V
CORN EXCHANGE NATIONAL BANK
PHILADELPHIA
CHESTNUT at SECOND
aiiiiiniiiiiiiiiiiiiiii'iifiiiiiiiiiiiiiiiiniiiinimiiimiiiiiiiiinimiHiiiiimimiiiiiff.
UNITED STATES
GOVERNMENT
LIBERTY LOAN 3', 4 AND 44 BONDS
DENOMINATIONS $50, S100, $500, $1000, $5000, and $10,000
4 CERTIFICATES OF INDEBTEDNESS '
A CERTIFICATES OF INDEBTEDNESS TAX SERIES
Exhangea Close for Registration
The Philadelphia- Stock-Exchange will
be closed next Thursday, registration
day for military duty of men coming
under the ages of the new conscription
law. This was announced following a'
meeting of the governors committee.
held alter .todays rnaricei ciosea. Btmi-
V
THE RIGHT TO CONVERT INTO LIBERTY LOAN 4M96 BONDS EXPIRE
NOVEMBER 9TH, 1918. WE WILL ARRANGE, WITHOUT
' ' CHARGE, FOR THE CONVERSION.
FULL IMFORMATION REGARDING THE CONVERSION PRIVILEGES AND TAX
FEATURES OF THE LIBERTY LOAN BOND ISSUES WILL
BE FURNISHED UPON REQUEST.
MONTGOMERY & CO.
1M SOUTH 4TH STREET
PHILADELPHIA
u Wall street
NEW YORK -
wr ...., 8 so ... ' 2 25 S i2 1 fcresslon that current copper share prices liar action Was taken by officials of the II
or..... W ".j m SJSiJSfcM attractive appearat J.ihilBg tjJew fork an Soton)excha(M4i,trirrf'.
-, . -
GOVERNMENT SECURITIES DEPARTMENT.
TELEPHONES!, BELL, LOMBARD 4330; KEYSTONCMAIN 2314 jj
,V5Jr '
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