& vw '-?. '' Pt-W,ws;&' '' 'WtiIXG UBLlCDGERVHfLAEIilHfA; MONDAY, SEXXEMB,feR 0, .mini il ', i i .1 ' " riii i 'i " ' '''i.i ' VJ " .:.'f IVftt? ,.'fl1 ws ?4- 4ft' :1i '."ifgr .J TS T ll hfn- r v..r . . ,,i vr7T ,- rw f . '"..V"" -fV "' NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES - x ,& v"F CITY OF ERIE (Pennsylvania) - School District 4Vs Improvement 4s Free Ptnna. State, Tax Exempt Federal Income Tax To Return 4.25 WS.S. TTT'T' fiAnER6-Ga BANKERS Broad & Sanaom Sis.. I'hila. 1 211 E. German SL. lSalto. PRESSURE AGAINST SPECULATION CAUSES BREAK IN STOCK PRICES J Losses of 1 to 3 Points Arc Recorded. Y. ith Steel Selling i Heaviest Rails Hold Better Than Industrials. Baldwin Locomotive Suffers Netv York Stocks New York Bonds : Philadelphia Stock ' High Points in Today's Financial Sews Slock prices broke on Sew , ork e.vchniwc due to pressuie aitalnst speculation. Vnllcd States Steel Is heavily sold. Hail hold best. Curb prices folloicctl blu board and declined, Corn firmed on neus of frosts and loucr crop estimate bi liepailnient of AgricalUne. Cotton declined. iFoiclgn exchange: iccm dilll but steady. The Philadelphia icreklu hanl statement slioucd Increases In loans, reserves and deposit. Hdr 'liver remained nnchaniied. Alak t.Iri ,t ,1'(, Allls I 'halm Co SI Aid Can -IBVi do pref ... . fsi, Am Sar A V Co J Am Hide & I.. . 30 do pref . . . . MH Am Ice See pref nojj Am Smelting. . 77H Am Sum Tob. lSO'i Am Tel & Tel. fl,Ti Am Zinc & head BO Low t'li at 4SV 'U an sou B7 son 774 ISOT. 91 .".(I HH"i asT at in: aa-li at 1044 14" 1114"., 3U s?a at to; OS uma sa Are you familiar With the general rules for trading? Da jo umftnttnd tht nuehiaer? l BUrinj and lellinj securities? A linile reading of a 30-pae book let, which we publith nd are dis tributing on request, will increase your knowledge of trading in the stock market no matter how much experience you have had and to Uie beginner this booklet will prove invaluable. JONES & BAKER sccuruTin Widentr Bldi.. Phils. rnon.i Bell, Wiinut urea Ke.T,tea., Rsre IttM New York Plttibsrik Chlrscn BmIiji Dirtet Prtrtti VTtru Sew YnrU. Sept. ('. The stock nuirUet lnda a forced into a condition of disturbance Mini tinyeltlmipnt a. it result of further piessurc luonshl by thrstoik cXL'hanse uuthoiitlef against .speiulatne actiMO. Tint umiei.standliis is tti.it. with the ieiulrement of notices of bioKers' liomiwlnea. the amount of thoKC horrnwiiiKs .shall not be exceeded, causing a cantraction of buy ing power to the olaws of cash buyers. This Felling carried prices down to tile InueM points touched since the rally after L'nltcd States Steel com mon sold ex dividend at the end of August. Many stocks had abrupt breaks of from 1 to 3 points, with the heav iest selll' x In ITnltcd States Steel common. According to recently ex pienbed opinions the governors are intentionally creating a period of lullne..: but btukeis took a pessimlstie view of the outlook, and theie were many who thouKhi it neccsnry to confer over the situation Inte thiv afternoon. .Many housei-ex. bavins large speculative lines, weie urai'i'i p;ier on the afternoon break and the position taken by banking mtfrPT-' and the -took exclunse authoriHe" in narrowing the market inwn vlrfMll foiccd otn a demand which a. in evidence dining tin' liiM half of the dn Thi made it .1 hnirt maike! on which to conduct what was deig naied as forced sflhns The rnilio.il tnck held bftter than 1 he indii'lrials. hut iicli Issues a St. Caul. New llaen ami P.eadlng alo declined 1 point or mole In 1 he late iraduis Fialdwiit I.ocomotivei nav one of the weakeM featmes, .-howlng a mv! of tnoie than .". points within a shoit time. Copper stock", which had been in cood demand in Hie. earl tradlns. reacted about 1 point when the general decline occurred. Bonds were steady and without Important change in prices. CORN IS STRONGER MOVEMENTS ON CURB ON SHORT COVERING ARE TO LOWER LEVELS!?; i'l (sea 'or I llloaklet I Anaconda tclilson . . . do picf All i: & VT 1 Ha Id l.u Co. Dalt & Ohio, lleth .Steel n ilo S po nf. Hkn Rap Tran aai Booth Klah Co. 2'V, Hums Ilios . , ill Untie A- S Cop. 5 Can Pacific. . . tai Cent Leather. : Vi Cerro dc lJasco. at'-, I'hesa Ohlf. . n: ClilAI A- St V. . .11 do pi of aii'i ''hi ic .Northwest OS 1 hi 11 I & V t c. !H i.'hlle Copper . . to Climo Con Cop. St, Col Kuel & Iron t'ol o & K . . . . Coniol iian . . . Cont Can Corn Products. Crucible Steel, Cuba Am Sub. Pome Mines . . Distillers Sec .. Kile do 1st pref. (laston Wins .. C.eti lllec Co C!en Motors .. 12 tl. I (Joodilch It !'.. IHi)i lii. (it North Pref fl-'Vj Ct North Oie. 8'J liteene-Can Cop 4X i!ulf States Stl. H4 Inspiration ' 0 1 Intel -Cons Cor do picf. . . . 1 Int Mer .Mar. J do pref . . I Kent Cop. . Lack Steel. . . . I. eh Valley. .. , Mav Motor do nref . . , .May Dept St's . Me. Petrol. . . ! Miami C Cop. , 1 MIdvale Steel.. Mo Kan & Tex Missouri lac. . 3.1 I Xe Con Cop.. .20', X V Central . , T4 i X V X II & H. 4.-.U X V O & V... 21TJ, Norf & West.. I US North Pacific . noli Ohio Has . . ni unci" Huens Ilottle Petina II It Hearce Oil . Clou 31 SI" 14 1 4.-.',, v, ; a"4 v 86 U Wi, - Vt ni ? I SOU !j 77 isoii, in, II . '.4 so as'. i iir: an u RS'i U a4 1 w, lili llth !lS f.nr :H'i a n i 86.s HI) la 8 7!P. 74 3"!i I x.t 02 iHi'it M B7 I; 8i , S5",a '.4', 47 :t4ii al4 KOHi zi 7 sou 10U SB'S. tTi . soli .IIS I."....-.- .....I irraAvlim 1 Kinnnni. Porflslolll A lisnrnt inn ill Si ml. t Phlla Co 1 ions .11111 iiiv.....D .v...... .. -. ,,..... . ! Pitts H Most as?. 579) IIITe aau 4!i HI . ::., sa'Ji . aii . inns . 29 as :iai Ml " . 41 10 141V .si tan 7 'a 34 H S7 R'!',i 7a(. tl!i -S'!i III :i U -14 "4 a o 4144 (l',A .10 nr, BSTb IS4 :ii'i !!l us f."i 4I'!4 a:i" S7U ' IIS 2.1i IffO A.I :n us - 1 IK :' 4B ',, an 4114 61b SO 9T 3A' ir.'U :tHi 11a 1 rt 1 4ll"i :! IS KS" AS Hi -."? I Vh i 4 ni inn Ml 77'i 7!l Si 7.1 72H S5U 84 : U lli'i .f! !B(, 101 M-'n Sl Bfl.Tj SI?! aa A 12 KM '. 3AU 53 ai j 4 jo. 78U 4STi I0A '.III ;7'4 III 0A 4S' IB 14 tares Also Factors in Mar ket Oats Narrow ton Oil Motor Stocks in Supply at Declines 'INQUIRY COUPON r Xamt Von may soirl nv booklet T.C-ODO. your free fffc Are Your Stocks Down What Should You Do The atinwer to thi uetln de- pndn lerceir on wiui iiockh tun ., hve. They mr N ood on whlrh are afferted by terapprarT fondltlona. On the other, hand. they mar he the kind which al wt keen nn colnc lower, nar not Join the Urge number or raoney-maklnr liirctorft who are laklnc ndtentaie of Schmidt & Deery Service? Our trt of lr.C3tlt:at.iri. trained anl experienced, flnd the solu tion to Just such problems. Clip this ad and send It. with the nam of any security which mar be dlsturhlnr yon, and we will send you a special report without charge or obligation. ScHmDT&DCERY M iber Cons. rUeck Rt. of N. T. tH Widsasr Bldg, PUUddpkia. Pa. lk.: Bell.Wal. 4680 1 Key.. Raee 40 M K. X. Office. SO nrnad s. . PRIVATE WIRES Buy War Barings Stamps ORUN IIKI.T, WKATIIKK I'ORIXAST ( lilriiKO, Sent. ft. Illinois lulr oulh. nartlv cloudy north tonight uml Tticdti t cooler. .MNwiurl Kulr lonlght and Tuesday ex cept prohflhly (.hower northweti cooler. Vt'Kconln I'nueltlfd this tifternonn fcllovtcd by fair mid much looter tonight with frot north imd wests cooler. Mitineota Talr mid cooler tonight with front, hciily north imd lentrnli luesda. fair: wanner. Iowa I'artlt clouib and cooler tonight. IHivlhl frot e&treme north: Tufdii. genernlly fiilr: cooler. North Dakota Pair and continued cool tonight with lie.it y fronts noiilh: Tliesdn.. fulr. warmer. Nebraska t'nsettled and cooler with hower tonight In outh: Tuesday prob ably fair with warmer northwest. Kana Partly cloudy, unsettled, pnib abl howem m.rth and west tonight and lucMl.ty: cooler Tiiesdat. Montana anil Mjomlng Vartlv cloudy tonight: Tuend.ty. probably fair and warmer. Chicago. Sept r Frosis ,n North Dakota and predic tions for freezing tcmpera.Uues over eastern South Dakma and northern Iowa, 1 together with evpectations for a bull ish report b the Government1 at the I end of business, wore the factors that .New- York, Sept '.'. ' Market movements on the Curb were generally to lower prices, although tlere 1 was a continued demand for Stanton Oil which held close to the high letel established a short time ago and re flected persistent absorption bj. interes., in the trade. Houston Oil was quiet selling at 77. and Cosden Mld down to C't The motor stocks were in suppl.t at declines with Chevrolet, during the fore- , noon, raded in at 12D to iS". United I Motors sold down from 31 l-i to 31. I Wright. Martin continued heavy, little I demand being lit evidence tor that stock i and on a few sales it dropped from 7' I to 7'... a new low for this movement. Aetna K'xplosUe was hea, selling at 10'L. and 10. There were no salts during the first half of the day in either Submarine or Curtiss eioplane. Hurnite Coal was steady at Si and 3?s. Mining stocks were quiet and without .1 .-.!, to SOU do nref riurcu-Airott . fiy Stl Spring. 8'.i Heading 90U P.ep lr d Steel 91','i P.oyol Dutch .m. Saxon Motrrs. 0 St I. S V ... . IS Seaboard Air I. aim Sinclair Oil .. AS 14 South Pacific.. 81 'A Southern U It. SBTa do pref aa Studebaker . . . 1S"A Tenu C C tv 1 la?;, Texas Co A14 Tobacco Prod . !l Tidewater oil 18? A 414 no saa, (16 V 0l4 0T 3114 80-Vt -A !4 7a 4U iau ISA 06 V -j 18S IS3 ISSTi. 3814 84 IO0U 100U 18 IK .1'.' I !. lot', :ur. ' BU11, 38-)4 34! IOI !4 1:, S8'4 ' ASU ? S!l, U J Hi ' !ili 'i 5314 I 44 It 1- H: ilta U I OS !I0 : ili'g - U III BS 14 is?; j 0 31',. 40 SHi Bill), H8t 00 U ; IS 7i SI' 8B-N SSrt4 111, 4A'!, . iau ISA 117' -j 18'! N't I . ihtn 1 J27000 Anelo-lr Ss . 11 "fill! n S,M T.'am Van Km Q71. lOOOAiner Smelt r "b'-j 7000 Atchison gn 4s 8l1: lDOOAtl Co Ti clfls Vi 1000 It &, O 3iS - 88 3000 do 5a 7!U KfOO do 4s 74 5000 do cv 4'as . 77 1000 do Swn 3', a 83 1000 Braden Cop ts 92 3000 Brook It T 7s 95'i 2S0W) Bordeaux 6s . S6'.. 3000 C & O :V 4!jS 76',u 2000 do 4',s . 7B,a JBOliU do cv ns ... 81V 10000 Chi (II W -l R6' 1000 Chi BtQIi P34 lOOOCM&StP r4i,js 7't fioooc r. i & v ir4s oSf; 1000 Col & S Is . . 8Mb 29000 City I'aiis 6s SS'i 11000 Con Oas cv 6s "J't 7000 Doin Can '"1 ""s 6000 do '31 . . I'4 20001) V Hud If Is 811 S700Fr P.ep o'js ion tllilOO Hud &- M lfd :i A" '4 1000 Central r 4h . 77'4 J00II do 4s 1S53. iZ'j lOUli Intel h IIT im(Ah "!, tUdlin Inter Mer M '.S-'i 1000 Inter Agi 5 . .7:1 3000 Kan C Ter 4s '2'r t000L.lt Shcleb 4'2S SS', 1000 do deb 4s '31 $4' lSOOOIsh Val lot 6s !)' innnl.vnn. Ac flB. scaoooLib liond A'is.toi.an foi.r.a tot.ea "41000 rtn 4 04.SS 94.44 94.S0 11000 do 1st 4s . SE.04 OAIOOII do ".' . VS.80 1A200O do 3d 4in D4.AS 4000 do 4 lis OS. 10 SUMO Mldvulo As. ,8,14 7 4000 Mo Pac gn 4'!. r.74 1000 X Y CAIl 3'. .". 4000 do 6s !'i 1000 do 4'..s . 78 , 7000 NV (. ityt',.s no ''" I8000 do in" If"1' 9:' IU00 do 4'4S ll'iio . '.'I ' AOOu X Y !'. "" '-"'s lull" Nor Pac Is . . 81 10000 do gen 3s A, 12000 I'a gn 'l 4'ts 86 20110 do 4'sS 121 H7 1000 Pierce Oil 1?21 83 4 flOuo Reading gfn 4s SSlt 2000 R J A I. 4iS 66 ij l-'hnn .OnflHM- till 7s l3si. 1000 S I. I M t So gen Ss . f - 2. DiuOOSt f&S Kin fs n2 , 4000 do Ser A. . .'i'ls 3000 San A &- A P Is o.'. lOOOOSo Pac cv js. fllii 2000 do'cv 4s P'i .- 000 So P.wy gn is. 62 2700" Third Av ad: s 32S4 3000 V S Hub 5 . SO'-, .19000U S Stl P f Ss SSli III00 l K of It P. A- 1 S'..S 1&J-H . I'!'3S 46000 V K of (! .U I 3!-s nw ltllO ana, 35000 l' l of ii 1! & I si-s lnir" . '.'9S 1000 West Md 4s. . 3S4 -l3(. SU , 1. Ds 86: 80 72 8S 70 ', 74 7 S3 !)2 .95 'i '.'la 76i 7.Ts SI 'ssi j us" 67'a 68 'v 85 C 04 ' fl'11,4 !R, S4 S04 ?I'1I 77 a 72'c 79 , !', 73 7 2, 85 's 84 T. !'7Ts HB, 9S.0S DS.44 94.40 9S.0S 87 57 1 fill 1 . '.'4 78 ... HISll t.OB AilAllls-Chal 31 li 3IU an Am Mill. 1014 1014 loo Bald I.oc an 89 0 Klec Rtnr ftft'fr S34 iS Oen Aapli 3014 an,i S9A 1.1; Sup C 18 ' 11 IDAl.eh Nnv. 80 14 Bl4 AO Leh Val. . 10"i o 40Midvalc.. SS',4 SS',4 asai'enn lilt 44, istji 100 Phlla Elec Sl'ij Sls V II T t c 28 11 2011 Heading.. a4 aa4 .IS Ton Bel., si, 133 Cii Tiact SVVii 31 Ho f r, 1 ,. aia4 B4',4 3110 V S Sle.el 111, I0(, to Wtl S. 40 III 35 W Cramp 8H4 81 ,j niiMis llloh l.nw :i'a 1--.... . . .- " ' hoi" I " Laue sup Hit;... '!.."? -1 31111UU ueu t ai A AS Net l'loe thse. SH4 A 1014 H 8ft 34 AS ,4 .. 3014 14 IIS H BH14 V4 noi "i S3 14 14 44 34.)4 .. 31 V4 88U I ST x' 31 I 4 14 H I0?i 8U 40 8114 .. Clone AS H8 884 T4 NVt iMge. '. II 93.04 JIA.1B 94.A3 9A.10 S7 S7n4 BH'i I'l 78-'8 " I or, ss :i I , : -. 2111, 2"' si t8 S1H 57 .".7 86 SR-i .!7. 07 'M 83 -i4 82', 8"i. 66 12 66 bj H3a I'S1- 02' 2 '.'2'.- ''-' 5's' 39'., .-."Ms .75 SS 11114 m, 79 'i 7'.". B2a "-, 6s Intcfs 1 ti- 1 . . . us niTa t loool.eh Val con 4'jS 88t 88! j nun i.en val Coal Ss ' ' 23JO l,ll Bonds 2d 4s 01.48 ill 04 4S0 do 44S OS. 10 9A.III 95. 1000 Phlla 'o con 4 las 4 !4 III I SlOOPhilaKlec 1st 6S. . 94 88i)i 8- ' 5000 Heading gen ii . B.'i iv as'.i li 1000 Wclsbach Co us.. 93 93 93 PHILA. INACTIVE STOCKS Following ate quotation, for Inactive stocks listed In th Philadelphia Stock Kxcllange, and in which there were no transaction's today. Tile pi Ice given Is the last previous close. 20 24 , 48 89 ix 86 s:;', 67'u 6 DULLNESS CONTINUES IN LOCAL TRADING, WITH CHANGES LOWER Lake Superior, Lehigh Navigation and U. G. I. Decline. Transit Certificates Higher Philadelphia Elec tric First 5s Are Weak .1 Acme Tea pf. A O war . . Alliance Ins Amer Clas ii4 1 Am lt lif . . 1 A ... Ol... A. Am Slis pf. Brill .1 ii. Buff t Sua Cambria Iron. Cataw 1st pf. Cataw 2d pf. Con Trac N .1 Kile lit A T lit & B pf. . Key Tel pf. I. eh Val Trail I .eh V T pr.. Ml Brothers. I.iltle Sehuyl. N" .1 & S . North Penna. Pa Snlt Mfg.. Phll.i Tiai .. Phlla West. I'll N Bk war.125 Ton .Mining .. S',4 in Co of n .r.iss ar fr Ar Steel S 1; n, West Coal ... 70 III Yolk P.ws . . 7 '4 17 York P.js pf. 31 ', I6'2 I '. If'1! SI .V.i-', 20 54 66' Stock (lading -whs dull and generally uninteresting on the Philadelphia exchange today and price changes were generally to loner levels. Steel, conimoii and Pennsylvania I'.allroad were about the. only issue showing more than trifling activity, and neither of these, were active. f ly former followed the course on the big board and declined as much ns 1 point, part Cif ivli Is-slt ( u Afirtfacnil infi.fi tit a i lift at a Unt tA n n unU-miln Tn HiiAnrl linl.t aa t. va 'miilii iiici jvMtr-irii s;ri.'SiL int: v.ivv , mui 1 niu.1,1 1 , All'tl itaiiiuau iicivi fli" s, ,' l.v steady at Saturday's final ptlce of 44. .; I.itlle interest was shown in transactions In other shares which changed hands in small, odd lots, hut the tendency was on the side of declines. Lake Superior, Lehigh Navigation, I'nlted Clan Improvement and Union Traction each yielded 14, I.ehlglt A'allcy and Tonopah-Belmont a trifle. Electric Storage Battery; Philadelphia Kleetrio and William Cramp came out tin. chanced 'nnd Itanld Transit (rust certificates advanced 14 on a trifling transaction. . fJL nUlforlatiililn ltAnti-tii Heel T.a t uriL' 11 t Itlirtst't till niifllan jAillls.liitv ttlnraiataW I (llls.il(CIll41 Mill till III.-. ,- sjvi ss 1 1 iiii,T.siuii. viiiu.'iii ut iiiiiiia, anvsj'----y than 7 per cent to SS'i. after selling at 94, and the Interim cerllncatea to Lehigh Valley new 6s: w, i. dropped hack i of 1 per cent. Reading general is yielded slightly, as did .Liberty Loan second 4s and third 4'4s. Reading Makes Good Report The report of tho Philadelphia and Heading Railway for July, made public today, showed gross earnings for the month of $8,836,862, an inceraae of $8,144,070 over .Inly, 1917, while the net operating income was $3,932,49!), n gain of $2,(JS1,r.3l, Tills Improvement is a reflection of the higher freight and passenger rates adopted to higher wartime expenses. For seven months the gvosx was $I4.-I09,4n(i. an increase of $6,362,571, while the net was $3,7X2,7115 less than a year ago, or $i.2!Ui739. K it ! GAIN IX LOCAL LOANS - I Ik I 32 SO"-. 98 1, Oil's 90 98 Ti 5S4 Run. OS', 9Si 3S4 - i) LIVESTOCK .QUOTATIONS 1 Ms I li '.ii 21.- FOItKIC.N FA'CHANGC New York, Sept. 9. The'foielgn ex change market was dull but In the main steady In the early dealings today. The single exception was Spanish exchange which reflected the operations in favor or tnis country 111 a ileclinc to the lowest leeord flguies. The general ahotveu little re.UUie Quotations t ere Demand stetling 4.73 'j. cables 4.76 9-16. Sixty day bills, nominally, 4.73; ninety-day bills 1.71. Franc cables 3.47's. checks S.4S'4. Lire cables 6.35, checks 6.36. Swiss cable's 4 IS. checks 4.50. Pesetas cables 23 10, checks 22.90 (Juilder cables 4 7 li, checks 46ai. Stockholm cables 33.30, checks 33.10. Chrlstiania cables 31, checks 30.60. Copenhagen cables 30.60, checks 30,20 Deposil ami llercrtfn Aln Higher Than Prereiliiifc Week The aternge lundltlon o'f members of the Philadelphia .Tearing House Asso ciation for the week preceding today Is shown In the weekly statement, with compallsons, as follows: AI I. MP-MllP.ItH Sept. n. 'l Loans ,01,V.lH3,0iH) Kyrhnncex. Ilvutlni; i.n,ii'ij.,,Mn, P.").4ri8.00n mn.Mia.iioii iai-.7iU.hoii 5,000,1100 MOiNEV-LKiNDING HATES House Due from bunko. . . . Hank deposilH Innltlduat ilepoaits. Tlnie deposits rtA.ene. v 1 til I-' H H. snrt Icsiol d- niaiket ryaii in au!t .... 'Totel reserve held.. leero required l-.xcens leserte. r.i.i,v sont. ri - -rtons RecelDt. 000 head; left over. S.2u Heart jiarket -c hlirlier tlrnn S.itunny. Packln sradea mostly W ! ,'-W"-. Jop- Vin3?-' l.illlt. not quoted: buU-hera' hev. S10.tj sf.1i; medium liirh'. 1 P. 75 -'0.-l: tmi-U-Inc heaw. t.r,.-iSiin. 16; meaiuin missd. t TSfTiW-aoT ilaht bos; $l9.r,fi4Tao.3U: lilirs. SlH.r.O&U'; roUBb. i7.73rts.np CATTLK- -Itcceipts. 28.000 head. Steers. rocnl am) hHer stesiiy to strone; otners rihi , -. ... s . but.-hers'. slow to 2Sc lower. Ca)es slow ,,-:'" I"..?' .,?,v":. H I , ! riiuuti aim IIBUM I nijiKKP- rteielpts, 40,00ft head. Slow and , offered. " 1 Irreeular tUniy to 25c lower. ; December Wilson, Watkins, Brooks I4 I and Hicks bid ; Hopkins. Waters, lly- "!' I-lttsbnrch. Seat. . CATTt.K receipts, nian, Newman and Gwathmy offered, ai ..,?..."..... r? roh.r st.r. iiTaiT.-,n: January Brooks. Illcks. Johnson, heifers. J10& 13.50:' cotrs. $9S12. Schlll, Cone and Hartcotn bid: Hopkins, tut". ii-M. iv.Ki.ei. tt eiu ami ueeu ouerea Collon Outers anil Seller-, 9. October Cone, bid: Guild. Schill .-,1,112.1 IB.. ",11ft, noo .".i.ixi'.ntjii 4!.H3S,linn 4.282,1100 XIHV YORK Money on call, mixed collateral, opened today. at 6 per cent for lending and renewing. On Indus tilals the opening rate was 6's per cent. Money market conditions are un changed today with 6 per cent the trad ing liguie tor sixty days to six months on good mixed collateral and 6r6',4 per cent for Industrials. Business is light. Bank acceptances of prime quality, runninz sixtv to nlnetv da vs. are mod. 42.00ft pr.ltelv notice. Trnt. pro nneb(vnr.iit at 08. OHO j r..ic'(iij'. a ..,, en. iiiki. .a.. flTrt (Kill I -.i-74 'T. vv.i. tw, Clinii'ic itliu- it ni iber bills: 4fi04 6-16 ner cent for ell. 1.033JHIO slide nonmenibcis and 514 5(3 per cent i tor Ineligible.. Prime mercantile paper Is slow at h minimum discount figure of 6 per cent. Inrrea.e JA. 707.000 1,210.000 till). lion t. has. (inn I till. 111)0 S75.0IIO . irnns nweluts. 400ll han "7- j Heavies. 21.IOStil.30: heavy vorkrs,,i S'Jl.ltOn..l. .; Iisni yurhcra, ...u.j.-tv. pilTK. $20.5115112) -I PHttKP ANH UVAIBS Reielpls, 41HO head. Hliher. Top sheep, J12.D0: top Iambs, Vf'! "?'" I'? ALVES-Itecclpt.. 150U -Ui I bead. Stiady CATJ'I.E ne- "r.c loner. Kui,.:i. fit.. Slen-. 0.- r.lntn. :t7.fti)o head. Steady. L'Ac lower. IIOOS Receipts 10,000 head. Marl.lt 10 to aoo lilcher. SHEKP lleselpts. 17.000 head. Slow and iot er. I There was fairly actite trading in 1 short term notes, including Armour & j Co.'s 6s and in Federal farm loan 5s. INDUSTRIALS ,..,.. ...... uv...., , commission houses 1 1 nib anil eletaior 'Aetna Lxploslvcs . ' ?L 'J"" ".'Am Brit Mfg . pf. WH '."7 Yji y '.W, ... mm; Barnett Oiltv Gas ' HCCr.UT SOLD QCOIEII Morton It. Alexander PMIa. Stock Exchange,Bldr. S7 William St.. ?.". Y. City E&ff STt T- . . . , made corn strong today. Selling was "'r.. ..n ' connned to prom-taKing ami ouenngt. I bv cash firms. The volume of business I was not large. I Trade In oats was narrow, but prices were firmer in t-ympathy with coin., Lo- 1 cal Interests and 1 were fair buyers. men sold. Offerings trom tne country , Am jjarconi were satu to De a lime ireer 1 September corn tuoed 'ic below the ' top. at J1.57. with the low at J1.56&,, ' against $1.D6' at the end Saturday. , The beBt on October una J1.5S-; the bottom $1.57. and the close $1.57'si' l.BJ'l. against Jl.57'4 at the close Sat urday The top on November was , $1.67! . the low $1.36, W1.57'-.-. against $1.6614 at the end Saturday The top on September oats "as 71c and the close 70fc(ri 704. with the low Saturday's last price of 70c The bei.t on October was 72 ",c and the close un- I , ... T.,.,. changed at 72'4c. which was also the Maxim Munitions . low price. Tlie top November was 74 '4 : ! Marlin Arms .. the bottom Satutd.iy's last price of ' N Y Khipbuildinr 7340 and thtf close 'c net higher ! ? potato?" I.eadlnc future, rire'd a. follows Peerless Motor Clo Am Writ Paper Air Keuuctlon Canadian Car Co Con Car & Fdy Charcoal Iron Chevrolet Motors. . Cramp Curtiss Aeroplane Carwen Tool . . Carbon Steel Knierson Phonograph Ftderal Dye . flendee MfgV Lake Torp Boat uelngli coal Saies LCOAI. A D YEBT1 S Eil KXTB ftKacs, ESTATK OF HARRY AlcKlUN jnCKT HAZLEIIimSr. dereaaed - t.ell.r. i.-y .r.ianiiiii.ir wi. v.io 4ujp vsluit iiavinE kT;.j.nR. nrrn arviibr'i id iiir u.iu-raia'.cu, ail persoot Open Hlsrll I.OIV Corn insw delivery) P' . .; . .:: . .- t..), i.-.'a 1 -t 1 A6!i J A7'. 1 jii'i -ai E ' ,,,. t- rlnne - ' "' ' " J-.K . - . . ucuucu . . 1. Indebted to tho said estate are requested to emak raymant atid those hating claims to " ......,, !.. ..,. ..,..., ...1..- .k "'. olBr of tho unfls-nltned. 409 Chestnut st . 'nn&aeipma. TJHSsPROVIDBNT LIKE AXP TRUST LviL , , - R& .' rROPOS.M.s if, irnui TlMLfl rtn ii.iir.ni.u.n u t'fer General. 109 U. 16th st . New York cit Del Not Oats 'Sepl Oct Nov I Laid Sept n. 1 v Ribs rinpi nri e. Hork- hpl Oct Hid 71. 1 A7T. l.B7'j 73. .7li. 2 so j.; ..'. ji 1. J3 97 J 00 J4 I'll -3 il" :i on J3 1)1) l.A' . Scripps-Booth I A7's , Standard Motors 1 All Steel Alloys... Submarine St Joseph Lead 31 Todd Shipbuilding Triangle Film " ! United Ptont-Shaiing 1 r S Steamship United Motors World's Film Wnglit-Mart'n Sir I Zinc Concent Bi.l ln'i 3 3i 60 .10 80 72 ir; " 79 .3S H 118 I III 4'4 81 41 :t 47 1 A 40 !H '. 4 17 II 88 Ask I0?s 6 Sli 4'i 70 411 90 81 a It! 83 37 8 I'SS Union Pacific. ISA Un Alloy Steel 38 li t'nl Clg Stores lol?;, I'nt Drug 1st pf 4S ; it S Hid Alco.l'iU ' IT s llubber . .llb 1 do 1st pter .104 14 101", 4. 101 U S Steel . ...lis loal in7e do liret . . t I Mils 110H II0I4 Utah Copper . 8A 83 S.i 'a Oar Chem. . S4'U 54'i A4 I Wabash . . fl'U 9"i oi I Westlise .Mfg IS To 43 43 1 Wooitvorlh . IHVs Hll-4 INVs Itflll.tt llerl'rl 'lia. 201. 'iO-. I " I Kasl Ruilalo. N. I.. Sepi s Cattle ... . . , ....... ,, ,-,.... , . B.i-elpts 4800 head. Strona. Prime steers, j I ht diMdend Kennecott copper. 1. I 17.ftos 17.M: siUuplnz steei-s. m.A0 6; i I i sir,. 70; buteners, si-j.uo'ff u-.-iu; e&rungs. .., , r,,., ... JID.flOWia.Aft; hollers. $tn.5n3 14.09; cows. DIMDI'NDS DECLARED SA.uOttr-'.BO; bulls. S..-.0iU.S0; stotkers ' .- ,, n, . . r- .... ......... ! nd feeders. J7.O0 10 50 fresh lows and , eThandler Arcjor Car Company . quarierly '...,.. j.-,.iso. of til a share. PJJ October a to stock. (jailt!1Receipta. SOU head. Stront. 7f i W euiu r4TJiCll(Wsri 1. "Q (,(j w'!' JrnA stIe'V ,J..,hvBi "i1,11"' fi,r: ilois Receipts. 8Sft bead Ptesdy to shad anteed ditldond of 14 per cent per nhar'aS,r Heavy, I2O.80B2O.9O; mind and on common, oaiauie u".n - " .... u. yorkers. (21.00: llcht workers atid plus. .. ..... "S"Af,.M?,.V '.,.. -...;,., .,..-. 1?0. 7a21.0): roush. J17.A0318.00; stass. nai rinse I ..vijr c. .............. - i .... ; i cjv niKO'lO.U'l. - Cone '.anger, uuunnns mtsnai'if hystkii r.csert'e held ,lii.l17.nno O.Mn.non Cmci. rescrte 3.s.".h.im1ii f.10.000 TRUST CO.MPANIKM NOT MFIAItinRS RU SKItVK SYSTUJI Reserve held I2.S23.II J2nS.ofli) Kxcens le.erte. . 4S2.H0O 329.000 111 addition to the deposits sbotc there were tide: week Oovernment deposits, azalnst which no reserte is required. , llecrease. WHEAt CROP IMPROVES .. t . U. S. Comlilion Ueporl Better Than Lat Monlli- ('orn Outlook Drop? WKshinglon, Sept. 9.--IIeaty decline' In the condition of the corn crop caused a reduction of 317.000.000 bushels ill to-i I dav's Department of Agrlcultuie fore- ' .... . ...... .1 ...... ...1.1. !... rillLADIlMMUA Call, 6 per cent; timci 5?4?6 per cent. .'Commercial pa per, three to six months, SJJ6 per cent; six months, 6 rer cent. LONDON Money is huoted at 3 per cenl. Discount 'rates, sht-rt and three inontns puis, .. 17-33 ier Hem. UAiNK CLEARINGS Dank clearlnas today compared with corresponding day last two vears: 1I1M 1017 1916 Koston...n7,980.ri63 J 17.8:14.711 121.655.271 N. York. -109,2611,885 402,n.1H,r41 21)2.652,117. Phllad.-l 162,810,089 ?15,7t.C34 J32.444.987 Baltlm'e ll,38r.,4ri 7,2Sr..3O0 1,913,5211 Big Gain in Ginned Cotton Washington, Sent. 9. A census cotton report snows 1,033,621) round aa half bales, bales, countinsr ginned from tho i.w.u. t .- ' - - 1 -- - , 1 t ttv't". nn nun u.it, ,lll.lu AJ'-ll mo and C.umones hid:, cast of ptoductlon compared with last growth of 1918 to September 1, com- I imicu Willi oi-t,.ni lor JJO aim SOU,. Hits fVt.. 101a l?r11.ir1 lial., 1'iltl.H Ala rob . IVnfers. It.inrrer. S'cblll and (bvathmv I month's estimate. offered. Spring wheat production however, litis for 1916. ' -. .. .... . .... ... .... ,. ... I . . .... .1.1. .... .....C..-,- ... ....... . ... itia v uusser. Mgei oin ; v reaenci.son . snoweu iiiijiuriin.-in, viiu ..n nivnai-c - mis year are .iv,iua, coinuarea witu and Waters offeied. 1 of 21,000,000 bushels iu the estimated 1 23,71 p, for 1917 and 31.335 for 1916. .lulv Johnson and Hicks bid; Cieer, production, making a total wheat crop tied lland Includes 201 for 1918; 28SS Owatiimy and Parrott offered 1 this year of 899,000,000 bushels. 'fov'1917. and 4631 for 1916. (ale)iabl September IOI11 I temocr 1. 20 to stock of record Sen s', 41. 2s, p;3 30 GOVERNMENT BONDS Bid reglsteted. 1030 ( coupon, 1030 OS reulsteted. 1018 ''', coupon. 1916 l'9s. registered 1925 10rt'-2 coupon. 102S i-.tortt-j registered. 1046 ...... . 8A coupon. 1046 83 Panama 2. realsteied. 1986. 9 ;., .Panama 2s leKlstered, 1938.. 1 I Panama 3. registered. 1901 . . Panama 3e coupon 3s. As. 4s. 4s. 3s. 3S, Sheen and lambs Receipts 3200 head. 'Steady. Lambs, SS.0OB17.7A; yearlings. , 7 0015.00; wethers. J13.2.MK13.7R: ettes. , JU.uoai2.50: mixed sheep, J12. 7513.23. I voutli Omuha, Sept. 0. BOGS Receipts, ' 4200 head. CATTI.n Receipts, 16.500 head. HIIKUr Receipts, 35,nou head. Cars, I S3S. BAR SILVER lis ss Today .'.. N T'k tcts. 10l' 101'i 1 liudon (pee) 49li 49; i.ast mis Mon. 1tlh Low 101'. lilt', SA'i ' 49'i 19'3 42'i 26 7S 26 02 ,23 7.t ja mi 2A" 01. 3IIS.4 l4 a; 16 s Oil 46 3 ',4 A2 17 fill 9 28 J3U 17 !i 144 01 6 '.4 46' 3. . I5U ' 31 U 41 ijo 41 ".11 II 411 Asked rNomu.al 11 ;n ;tl 411 II 40 41 Ho VfAMI Mill 1)11. iStv"''lved here until Z o'clock noon, September -u., . . in. .nan. iui ,uiii,7i,ui. Liu.cn i.u u.iib. ,u.. tt tent, color staffs, complete; sleeve, inslg- 3ti nla. hooka and evei. CI. t. tent rlnaa. hraM f-?T fc and bronze buttons Information on appll- tJU,C i"T RciW iCOHON OPENS FIRM, BUT REACTS LATER ! W1 Financial Briefs Illinois . . Ohio Prairie Pipe . . S O California S O New Jersey. 8 o Jtetv York . Barnett Oil & lias. ."osden & Co . . . Klk Basin Federal Oil . . Houston Oil -Merritt Oil . 14A . 303 .1.17 .'!I3 517 .'.58 IAU 308 263 J IK .'? sY-Jt'The New York Subtreasury gained t-i?i-S$61.00O from the banks on Saturdav. .1Vf making a cash net gain since Friday of f4.o5o. w.C''-,For the year ended June 30 the Hupp s'JUJsjpdotorca.'" Corporation shows Jl 43 a -vsrsnare' earnea on tne common stock. i- I Giuninji Report Has Small lf- indwest itehning , , ... .... Tet Petrol . feet on Market Feeling Favors Price-Fixing Ohio Fuel Oklahoma P.ef. .Sapulpa P.ef . . Sequoyah . . . Sinclair . . . . 76 2114 .110 . ITS 4 l 78 'J i lit 113 I'i 17 1i :rs 5!0 259 '.i 6i J'.l di II I la I'i tll.MMi Yd k . New lork, Sepl 9 The cotton market had a firm opening of 2 to 42 points advance on fairly active buying, based on the firm cables and increased confidence that mere . would be no Government regulatlop. 1 There was a sharp break from the Net for the month opening advance. W hile. tne Dig ginning ' figures were taken as a teflectlon of a 1 ...... ......... .1,.., ..l. nnliil.rl In a mnlri tViSThe' New York Consolidated Stock 'early season accumulation of atallable. fcxcjnange will be closed next Thursday, uuDnlles. tgiatraiion uaj Th nrobabls selling on this, ' iCj.Teu. .&, -A.i. ri. ..!.. 11..... whit ..nllrn.nt u-an also unsettled bviJim uutler .. I' ,'f'ijounces that Pierce Oil stock will be reportB from Washington that sentiment Jj""lJ01.5xU?riol Ef ,'-clared beglunliiB with contracts due In favor of price-fixing was growing n4JylnJe-'c Jd nat 3 cents tne nrevloua vsar. t;.profits for tho year tteie J836.691, litlncrease over the ear before ot , prthern States Power reports for : gross or bi.-.t.n. an increase, as pared with the same month last 7 Of J84,ll3. eased. 1 10.3 85. fjjj'L- "SW. 0 Atlanta Big Ledge Butte New- Con Ariz C F S k Jerome. . .First National . C.oldfield Alerger . , Ooldlleld Cons . . . Uoldfleld Violence Goldfield Ketvanaa Green Monstei Hecla Mining . Howe Sound ... . Independence Lead Jerome Verde .... . . IA vrocK" I "4 t 1.. 16 6.-1J-' "I iiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiitiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiu Choose a Bank with a vision; one which will take 'a constructive interest in either a small or large con cern, that plans its business on an enduring basis. No , one can copyright success. " ; Let us plan together. UNITED STATES GOVERNMENT LIBERTY LOAN 34, 4 AND 454 BONDS DENOMINATIONS $50, $100, $500, $1000, $5000, and $10,000 AVi CERTIFICATES OF INDEBTEDNESS 4 CERTIFICATES OF INDEBTEDNESS TAX SERIES THE RIGHT TO CONVERT INTO LIBERTY LOAN Vi. BONDS EXPIRES NOVEMBER 9TH, 1918. WE WILL ARRANGE, WITHOUT CHARGE1, FOR THE CONVERSION. FULL IMFORMATION REGARoTnG THE CONVERSION PRIVILEGES AND TAX FEATURES OF THE LIBERTY LOAN BOND ISSUES WILL BE FURNISHED UPON REQUEST. MONTGOMERY cV CO. m errx th stkekt PHILADELPHIA M WALL ITHatrr NEW YORK . GOVERNMENT SECURITIES DEPARTMENT. TELEPHONES: BELL, LOMBARD 4320; KEYSTONE, MAIN 2384 ) Jmm f truz.; 1 stronger and seemed to b? looked upon ; mSS2? LoSi? tomorrow. ?i!... ... I more favorably In some -ectlona of the i ,., r Arir (rJUeshard L. Austin, chairman of the 1 s,h. aa well as among manufacturers. I widi iiin 1 lf4.tl&tit'A Uilhlr uftin atrial Kaah "" ' -.-- - Iteaerve Bank, w'ho has been I ':,!&C ",s k'i Inir his vacation at Northeast Ilar- Mc, is back at his desk. October broke BO points from, the eari;" , high level and January about 75 points 1 with the general list selling 43 to 46 I points net lower, but trading became rJlSEW YORK COFFEE MARKET ' quiet at this level and there were mod- Vrl Bent, fl The. mnrlc-t for i eraio leili", ...... -.,.. - . ...... ... Nevada Wonder Nlplsslng Ohio Copper Ray Hercules . . . ". San Toy Tonopaji Kxtenslon united verue 4 4'.. 54 a 42 i S3 I 8i T 4,i 1 37 I IA . . . .. . . .. ,......M . ... u . . . ,..,, ..L narf o nni.i n,....in viih The receipts at tne pons ior me oy , AVest End Con. . on the call unchanged to a 3-polnt ' are estimated at 18,000 bales, compared White Cape . , .. ...... .. .1.. ....i.. .1. ...i.l. lAAr.Q t.j 1...1 t. vntte a i.n 3" .TK ' v.rlnfftnn e, JMIJ w iiir UUIj oiuiltii "Itll v,vv ..b ..... .nU ..,..., In at tho start and thla iiosltion ' bales a year ago, and 31,749 bales two , nnvns urchased by a commission house, vears am ! . ..,. . Saturday's Today a, Paturna a Todaj's 12:0 UJiO 2.30 ' Ctwden 4: Co 6s l isS ...J'K. op,:"6 '" ',,, pm,Cudahy6s ,7l. ttW rAW" : 3L7.) M-JA ,. .... Itusslan Uovt ,.-. )..8ll riwtinber 3X.KA S4.eMT 33.6 A3.0A 33.6A' do 6'i ..,'. ... S .5 January , M.so '33. 0 , S3.?o . ... ,,. Southern. Rwy 5. , S'4 Unj.1. ,.ol .aa. . . on V......f . MM. '7.. - -T" ' .-,- I 3 : it : 14 411 4i 3 li 68 10 45 33 33 1 4 i !. I 4i I 114 38 It's 17 4 ii Mi A.1 S 4'K 30 34 4H 714 If. ,u- vVCl'llltt , i S.on a.u s.u.t ' acrVi.'-a'i' ' are v .-,, . , ., ,,;n,ri.,.a.f ., ,:i .-i;MUr.'h fl; J4-J .s 'tn-i corn exchange: national bank Philadelphia Chestnut at Second Mte 1 l-3t 16 ' ' I ' 3 ' ,. ! 1 67 AA . B 6i j X N ?- ,'V, i s l m -..aMt K-"--i ..J... ... ... 4 ... National Bank of Coirmierce in NewlWk Orilanized 1839 STATEMENT OF CONDITION AUGUST .U. 1918 lleaonrcea Liabilities Loans ami Discounts $286,V9J,3S8.24 L.S. Lertihcates ot Jncleblcd ncss and Liberty Bonds... Other Bonds, Securities, etc. U. S. and other Bonds Bor rowed Slockof Federal KeseneBank Banking Houe 2,000,900.00, Due from Banks and Bankers 11,409,937,58 Lash, Exchanges and clue from Federal Reserve Bank Customer's Liability under Letters of Credit and Ac- 53,705,457.5li 16,072,542.66 17,404,613.00 1,200,000.00 74,131,348.00 Capital, Surplus and Undi vided Profits. ... , $48,745,320,74 Deposits . . . 391,469,953.43 I", S. and Other Bonds Bor rowed ,;...'. ... 17,404,613.00 Letters of Credit and Accept ances. ,. . .. ceptances Interest Accrued,.. 35,168,164.03 1,339.931.02 $499,425,312.09 Reserved for Taxes, etc. Unearned Discount Other Liabilities 35,488,542.28 . . 2,659,883.40 . . 1,753,234.56 .. 1,903,834.68 $499,425,312.09 AMES S. ALEXANDER WILLIAM A. AV- HEfMV W. ' U JKK" jiVrtt, iri?cJ. JAMES S. ALEXANDER ' ViCK-rnmaiDtHTU It. O. HUTCHINS, Jr. JOHN E.tMOVENSKY HEHBERT' P. HOWELL rARIS It. RUSSELL J. HOWARD ARDREY GUY EMERSON STEVENSON E. WARD LOUIS A. KEIBEL , CAaweit RICHARD W. SAUNDERS oisforoits CHARLES. E.i DUNLAP HERBERT P. HOWELL CHARLES H. RUSSELL VALENTINE P. SNYDER H. . THAYER THUS. WILLIAMS, ' y-. j J i' I t l e .'.1 n Ki "SSl MS! CAI 1 t-Ti nm ..TilavSir MWliilUAA4lUlllsalaaaajaaaaa f, i'JmRS-i 3BE2BaE!ii''zBBBBaacBCI!''l9'!!9 B-..,(V.,4.T-'it. "("f. ..SMJIsy. .-- , .!." ,'.': 'S.4 if: ; ."Jl04U'4JHhB(allM Ht",.ir --,' '., , a "' jJtifl vrir." .' :,-( I- ; Itj.i...;4a -i,JuaBBB3birf3''.?f-...r' .i -5?i4SBBBPb!p7 : ,..v.. .t tViBKBKlu, W-.' - Vlrtfl!'n,'V'jaajBaBEeii-nv, ,,,, V," . xyiKaal.-'.tf' jfflBK&r :vi aPiaaaaaaBBHa&aWita daliBBIamBBBBBaBaaBBHaeKiaaaaaaH J .wtamWaMalsaK. . ,A
Significant historical Pennsylvania newspapers