iTtf?TVjTT x EH NEWS OF THE FINANCIAL WORLD NEW YORK AND PHTLADELffltA STOCK .TOaSBTlClU. , v ... -A. mm. rVMMfe "llHM 53T people's Govern made for the l niauc uj uic answerable to people." .jThst'8 your Government Government that Is send- ; men, munition an money 9 oversea.. In order to protect Mrsvjblt. home, uaur loved ones! ifijjn order to make, pirnr country jTJJjttfe for lotir children and the Children of your children. hpi Hfif Consider that raci ror a mm- ftB'tUa or so cet oil It mean rind then decide whether or not y.j'ou can manage Just one or T. tSto more I.lhertv Homls. vt 1Jtazier 6-Co BANKERS oad, & Sansom Sts, Phlla ?211 E. German St- Balto. Itfl , ? HE BUYING SENDS INDUSTRIALS UPWARD FOLLOWING DECLINE m n W IThe Soundest Investment Most Widelv iw , Known For Noblest Purpose fcFOURTH OBERTY !! LOAN ScHPaurDEEKY 'Vitrj Ciin. Murk ft-t. ot X. V. yiiitutT Bid... Phiudtipii.. p. Btll. vvat. 40X01 Knee ubd Those Who Unload Stocks They Think Peace Would Hit Are Surprised by Good Demand Ship ping Issues Arc Strong New York, Oct. 3. Th-rc Is n large element In tlu Wall street dlitrlct and In vnrlotis parts of the country In touch with Wall street that has taken nn nggresilve position on the hoar side and It busy In spreading n propu gnndn with a view of disturbing nlties nnit mi unsettling confidence In .ecurltles generally. They piofcss to find reasons for ularm In n prospect that, with the closing down of work cm war orders, the Industries of the nation will come to a standstill. Many of thcie active trading Interests wcro busily engaged today In picking nut what they th'oiiKht would be the greatest sufferers from a threatened fndustrlal halt, but when they offered stocks nt declines of around 1 point a buying power wns met that surprised everybody by Its volume and lgor. llnldwln l.ooomotlve was hammered down to S43i. but quickly came buck to S6 and Mhlvnle Steel, after selling at 49V moved back lo nbove BO. Outside of tl'ese objects of bear attacks tlieie were many stocks which made vigorous advances during the forenoon, with the shipping shares again becoming prominent, Marine preferred ndvnnrlng IS to 108 nnd United Krult moving up more than 6 points lo aboe 1 4ft. , Theie was reason to believe that the buying of these stocks Is on confidence tint a plan for amalgamation of the American companies will be announced within a short time. Tobacco slocks us a group were strong also, with American Human a, United Cigar Stores and Tobacco Products making substantial gains In the early trading. The oil stocks were strong in the first hour, but reacted around midriiy. CORN PRICES DECLINE SOUTHERN SELLING ON RENEWED SELLING MARES COTTON WEAK Buvcrs Timid. Due to Fear of Liverpool Liquidation Helps Further Sensational News From War Zone fiRAIN UKl.T M r.THKR VORKrT 1 lilnicn. Off. 3. Illinois fair tnnlfht and Friday i wanner northwest tpnlflit unit north Frlda;. , ... . Mlssoi.rl ami Kansas Ftr tenlht anil WIr'onsln fair tonltht ana prbabt Frld.o. wsrnirr. Vtlnnrsotil. nrlh and ulh Dakota nntl .Nrlnik.i f.itr tonltht nnd Irldm vmrnirr tiinlcht Decline All Months Off Except August New York Stocks T.aat J'OO close llljth Ixiw r.m. Adv Rumrly pf. 1"ll AJax Rubber . .. Wi Alaskn Hold M... ." 3?, 3U Mi Alaska Juneau,., 2 Allls-Chalm M pf. R'.' Am Agrlc Them , tin Am licet Sugar.. 07,'i OS (W M Am Can 4414 4tf .41 44!f Am Can pref IC2 ., Am Car ft Kdry.. SSW So' S fw'i Am Car & Fdy pflt Ui Am Cotton Oil... 41',' 41 41 41 Am Hide & I.ea... 1!) 1S' IS 18' Am HA I.ea pf. SO'i !K) IK) 111) Am Ico MH t(( M'i -11) Am leo pref fi'.'Jj Am Linseed 4Hi 41i 41 4I' Am Locomotive.. 00',' TiOJj 00 OOp Am Smelt & ftef . "' ".' "'( .'', Am Sumatra Tob.llO.'i JIO.'J UO'i 110( Am Sumatra T pf 87 , Am Siecl K'drles biH SOU S.r i MJ Am Tel & Tel.. .lOI'i !'" -' ,2V( Am Tobacco ....103!S1"1 Ii0 ' Am Writ Pap pf. 3C)'i Am Zinc I. & S . lo1 , ". Anaconda Cop .. 0't TO'S W!l 0, A ten Top& S V.. &'!! SO SO S" Alt-h T A- S V 1)f. SIW S-! s- .?f All (lulf W L.tlM'i 10V. IWi !0 M St'f SO .V!.' .r..t . Tlnldwln I.wco.... Halt & Ohio K, . ' Halt & Ohio pref. .VHa 63h 63,'t 5,IJi Harrett Co pref..ll)l Ilethlehem Steel.. S " " Heth Sll Clses fl. To 7R " 'J Itclh Stl S n o pf.lu.1'4 lOt'i 10J 10.i tlrklsn ItapTran. -Kl'4 41 41 ? Ilooth Kl-hcrlcs.. 20 '.li! ;'. -' Hums Urothers...l.".'l Uhi 1 lM llruns T & Ily S . III'i Hutte & Superior 2A Cal Petroleum ... 21'i Cal Petroleum pf. lit Canadian Pacific KWi Cent Leather Co. 70's Cerro do Pasco C .'IP Chandler Motor . . SSh , Ches & Ohio.. .. 67' Chi C.t West pf.. 24 . Chi Mil & St P... W Chi M &. St P pf. 70 Chi & Northw'n... !!' Chi l I & Pacific 20 C II I K PC popf. bOli. V !W & P 7 popf. 77' Chile Copper I"li Clilno Copper .'!9'i CoiihoI Clas 04 Corn Prod Itef . . I 2." a j -a 'oil? "tvijs mm U.0 11m HW 78 t.'.i WM h .r7'j 4') 77i 4'l 77 fi7!S 4J 77Ji 17 71i 17!i in '.'-i 43's 4 r"rn i,rva llf nf lir'M iftl 103 Crucible Steel ... 01', til!. Crucible Steel pf N COTTON Ill'.l.T Wi:Tlli:it rilMllTIONS New orli. Ort. 3. The fnllnnlnr Inn. r-erutnrr rre rnonlfil In the ration belt . ,.,, e,,,,.ir .xii, thl. innrnliic! i rula Cane ftuj-ar. -j j Nahlltr. fill hnnxtllle. .1K (hatlu. nooca. .S Alillrne. little Rork nnd An jEiiMii, Hi; hrefort. Mn Antonio nnd .MemiitiU tilt lonlcoinf r nnd v)lmlnR ton. t,fii IrkNhtiri;. Atlanta. ( liarle lon anil annmin. ftni i nriin i nriMi, I'enhit' S'.l'j 2!)' lo Ma IMrtu' flondj tonltht and tfl- I riil t and Thom.ii.lllf. Ml flahe.toii. ew v1a I .--. a- . IIIa.iii. Tiiiiiiiii iilfiL fcvnli ft 111 a rWf j.j.. I'lIlVATK WIUK3 -"ek Cn Our Armr nnd ar r-i buy w. s. s. . OlTIre, 3 Itnin.l -t. 7 .... I.TCOAI, AUVKRTISK1IKNTS ' KSTATB OF UIXK.N It. IIAfON. faaaiukflT.aiM atra liilsmanlii w n .. . rtrt A - '-. iifc..Kr;i -:..r,. vr..:;-"; ;: . :z'i. . i oay t -i c.-ue, v '7 l:harlmed. all p-rsuns Indfbtrd to tho l .1 . .. ..v.. imp t.inivht una Kruln lnntniia fair tonltht and rtdr r fei't fctiowrr Mfl of the dUloe, onilnic I'artly rlond- tontcht and frhlay, iirolmblj hnner ulrrtne et. Chlrain, Oct. 3 Selling of corn luoke out afresh thl morning and the market was weaker. Offerings which came through comml" slon houses found support poor. Trade was not large. Huyers weie timid, as they were afraid ot further sensational leclopmeuts abroad. Receipts here ti)- tl4h ihriv iiflata havlnj Knun urnnlaH (a tl-i l:tvifkr4tznd. All T)rnnn lrifthtri tn fh aaM flflnhur ntipnprl In lowir :it SI 31 i i..... r -::'.-.. :::Tr. - rr. ' . : '.. - -- - -- n-iio MrB rrnuPFieu to ni3KQ payment, ana ' . , . . , - -. ,. v.. ,i,- ,..,ib tho- hivnr cl-lm to t.r-ani th m i nnd later mold at Jl 2HV Noomber whs r Kcufor.'VS.tf-rnfuf.'.,f PhTuShU- ' qo1 ' 29 '" " " wmiMrert with t TORfV.,' at ,," '"" mterd inrt de. )!rf".f ,'""" or PIIIl.AniSI.FlHA icllned to Jl 27',. Pecember opened at HU AA. S. W.NU. I'resldKnt. ttecutort OrAtlurlr attorneT. rp a,a xxiuiAn n itiLtaA-M.14. Ka . Bj-yy" .JSO Drel Hldg . WUInilHnhla B. m - .. vbv . nu , J1.2fiJt to 4, airainst l.2"'t at the end jctertlay and receded to $t.25 .Shipments from Arcentlna for the !;-SSBL8L;tir.0.r,?.,m;,,X- C0VJ'ADT- eek were estimated at "f.0.000 bushed -m yw Lien r ifaimntarv on tn bo , Ntat haylntr b-ng rrntpii to the under- aua.nf-t 272,000 bus-liels lat year. 't Te,"l.t'.', " rym"nt. an! havtna clalma to nre.ent th um, The feelliiK In oats was bearish, be- .vlwlthont delay, at th- oftleo of hi eorra-. . cause of tile aU'Jtuonai ioes in corn - "?"' "", ?r;,,"S,,f i.S.n"?5'"""-' and there was llltle support to the ?RQVB.Er.tli,K5r'J,Xr..T'u'ST CO. market, hkh was weaker Commission ' w-. '."U"".V.,.V.'.,! .. .... . , .... ti r,.. nouses ueneraity nau uruers iu wn jic celpts here today were nlnet-fnur cars. October opened at GS'.c to tfd'tc. and later declined to yesterday' last price of GSc. Novemher Marted at 0Sc. to 68 '4C, compared with C9c at Ibo end jesterday, and later sold at 6S'4c. De- Orlfiini,. Tiinina and .lafkofilllle. t'J There wan .J0 Inch of nrrriiiitatinn at Tainoa. Fram. t4"a I t. J2p LC '? ASA S W'lVfl PrjtMn, hajr attornf)- Ktecutorc. lOSTRR N FAntl. Jr. 1018 Jteal Estata Truat nid. PhlU. rnorosALs U I'OINT HTORAnK COMPANY DroDonaia ror itia aaln in Ftant i " ". ....... ..n- i.. t Company. Tni.teo under th Mori. I cemher starico at !W 10 "-'. of tha (llrard I'otnc Rton tnmnanv i eaLn nt thn iiil vesterduv. and later idaAtirll 1. tSDO. of a auftclent number i i.i" ... fn.. nwa latued under raid Uortnaze to In- , '" "s i.. tfia aum nf o.nnn win i -....iv i n,l chinmnin from Argentina for thn doSco ot the aaia Tpjatee. No. 32S-331 I .. ei, .iere estimated at 1,200.0110 bush trtlY,rh?,i9VS.1,aV''oVyonf,l S?"ft elseaBVamst iTtToo bu.be.; last year. rei-rvd to rejct n WW unv ami nil l,H- ' lln.,.ll.io nf u hnut 'it l Ittnpn tWMN () LIT? THl'sf imin i Vv TI.;;", " " "r"''""."' -.v... . ;"-" ,... W: 1 day were 617 cars. aEalnst 410 cars last jear, at IJuluth, C35 cars, compared with 'slxtysexen cats; at ChlcaRo. elBhty-one 1 cars, airalnst thirty-three cars, and at I Winnipeg, !)G8 cars, against SC2 cars. LAND VAI.1.KY KAII.RIlAIt COMPANY headliur futurra ranitcd m follow a usimrni nnrigagi rnem "A tiqnof. lest y a Oiien llluh 1)W I-.-..1" Clus- Corn Imw ilellvir I p. a est. Illdelbhla. Sentemher 30 lllls. "TT IIIVIDKNU- l'hlladelolila. Ort 1. tills e Board of Dlrtrlora of thp Miatnna y Railroad Company haa determined 0.1 131 1 SJ I S' 1314 1 31 dwlared that for the year ended June V- 1 311U I -'4 1 30 I JflS 1118, Four Per Cent haa been arned i,;,. , 1 -.it, 1 -j;, l.i' 1 'JIS 1 -W la-payable upon the ('ompati)'a Adjuat- , ,,., Morteals Berlea A" Honda, 11., ilfci l,S. 74 HhV 'IS prtaentatlon and surrender nf Coupon v .... osa. r.11. as l,ia IiSSj Ri ! .7ee " "" in"iljr 1 rust cum- , i,i; fl4 Ml". S4 '''IS W-i y, it'nuaqeipnia. on or anpr ortober 2, , ,r.i L 40 will be paid to holdera nf lioiio .,'," ,t 1; "AMI SH.45 id BO fil :,T a.fand 120 10 holdera of 5im Honda of ," .jJ jr j," M) 25511 2S.77 t25 S.' I 1 14 Ufa 1 tiii' " t J. II. K. DEI.ANY oil 22.110 22.00 22.17 -22 Ml 22 00 J T reaaurer. Vnv ' . . 22 7 22 Hi 22.27 22 05 22 07 fLC STEEL IHD ORDNlNrr ' Pork '. ZJZTm-JL-.TL. I'd r COMPANY IHVIDKXD NO. s lal : jia 9 le - J 'Cv m meatlng; of the Hoard of Olrertnra of 'ala Steel and Ordnance Company, held aaaar. uttober 2. nils, a quarterly Dd of one dollar and llfly rents I9t.5n ire vn uvciarvu. panoie .oemoer 1 .tan 3u Nov . ..130 so Hid tA'ked tSO 30 Ai stl New lork. Oct. 3. The South and LKerpool sold freely at the opening of the cotton exchange, and nrst prices declined twenty-five to forty points, with the exception of August, which was fixe points net higher ICasler cables and line weather oer the bell added to the bearish feeling, but the eontlmifd favorable war news ventilally checked selling and at tho end of the tlrst fifteen minutes the market had rallied about ten points from t he bottom and was steady. The feature of the later trading In the foienoon was the oluou' of southern selling, which sent Pecember off to 32. tic nnd January to 33 22c, or about 39 to 43 points net lower. This pressure subsided toward the end nf the nrst hour, nnd the market ral lied 15 to is points from the lowest on , Mexican Pet pf. covering b shoits. Mieinl Conner irxuniK was inucn less auive man recently, with a mlxul sentiment arO'ind the ling and wllh operators iucllnid lo await fuither Indications as to the at titude of Southern holders oi fiesh fea tures In other directions. Cuba Cane Sug pf. 711 Delaware & Hud . ill Poinn Mines ... Distillers Sccur. Krle Urlo Ibt pref.... Klshcr Uodv tiaston Win ,t W llcnernl Cigar III lO'i 10 !., l' 44 1,V, I.V4 lJ?i :u4 :ti :u ;!3' 2!'s Wi 28 10 47'. 7 03 43! 1 10.1 y;: oi? S9'( Ml'i .. in t') l.Vi ,11 New York Curb I.MIUNTItlAI.H Yeat. rlftae .. ,, , , Hid Ask (Mle) Aetna Explosives, , nil n"K. 9 4. 111 urn llg .,,, 2 Am Marconi ,, ,.,,, a, j st, .mi .YriiuiK t'aper.,,, 3 Air Heductlon on Canadian Car Co. . . 30. Con Car & Kdy pfd., 1 Charcoal Iron 714 i nevroiei Motors 131 1.1.x 130 v ramp ,, ss Curtlss Aeroplane... , , 3314 Carwcn Tool Carbon Steel ..llo Knierson Phonograth I rcuerai wve .,,,,.., Ilendee .Mfg Lake Torpedo llont.. Lehigh Coal Sales... Lima Loco Maxim Munitions ... N V Shipbuilding ... .Nop Amer Pap Pulp. Otis KIcvator ., Peerless Motor Poole Kng Itedden Truck Scrlpps-Uooth Standard Motors Steel Alloys , 4 auomarinc ,,. 11 St Joseph Lead 14 Todd Shipbuilding . . . nf. iimiiKie mini ii a- Unltcd Profit Sharing y, t If S Steamship ... stf, a Jinited Motors sty, 3H4 World Pllm Vi Wrlght-Mnrtln Air .. fly, lit. Zinc Concent .; 1 z 14 4 S3 41 V4 43 4J . 14 Ml in it n 3 3 10 10 ' 85 H 133 80 3D n 120 U4 2 20 Vi 8) 43 14 314 lit 10 10 0 30 III, I 114 14 , 00 43H Philadelphia Stocks lllah lwr 100 llald foc. 84 8 IV, 133 Cam Iron 38 38 111 Klec Htor At A3. 87Clen Asph .I.Hi mi 38 do pref. 88 Vi 88 13 Leh VrI.. 80 Afl 01 Penn H 11 14 43't 111 Pa Nat I) wrts . ,, Afli 80 33 Pijlla Kleo S4V4 2H IA P It T t c JflVa 20Vi AOTon Uel.. If. tA M II n I... 82 02 230 U H Steel. 110 SO War I &S 8Ji 2 p m ehae oir4 38 e. A4 321. 88i 80 13 t ' 89 24 V. 8V4 BJ'S. 100V4 I00H 8V4 V4 Net 2 p m. cliff. H V A 31V4 Illinois ... Ohio Ptalrle Pipo S O Cal ... S O N .1 SONY ... ST.VMIAHII OIL 148 130 , .208 , 218 ..213 , .311 ..200 302 2A3 218 322 283 300 '32 A10 iM)KPi;ni:.T oil stocks Harnett Oil & (las.. f, !i Cosden & Co B 8 Vfc Klk Uasln A 5T(, Federal Oil 2 2Va Inter I'elrol I3H 13V. Houston oil 11 80 Merrltt Oil 20 21 H Midwest Penning ..HA 110 Met Petrol I Hi, Ohio Fuel 13 l Oklahoma Itef flja 1 Sapulpa Itef . o Sequoyah V4 Sinclair 1AV U 77 21 110 OH i'i M1NINO STOCKS 2S', 47't tlencral Motors.. . 121 KJ' l;i, ';' ' Magma Copper . Atlanta 3 1 Hlg Ledge ' il Hutte New York ... "s, Con Arizona I A lit I A Klrst National 1 Ma C.oldlield Merger ... 2 3 Ooldtleld Coos 10 21 lloldtleld Florence .. .14 Coldlleld Kewanas ..2 4 .. (Ircen Monuter T !4 V4 Hecla Mining 4U 3 4JJ Howe Sound t 4 - Independence Lead ..2 .1 ,. Jerome Verde Va xa Jim Butler 48 30 Jumbo lCxtenslun .... 8 in . . McU'lnley-nariagh. . . in 12 h'i Sl4 3 IN lien Motors pf ' 1 UoodiiLh Co . . . 4')'4 O N C for Ore P .ION Greene-Can Cop . 1!)l4 Gulf States Steel .1 -Inter Agrlcullural lit . Inter Agrlo pref. 02 01 '2 Inspiration Cop . .).i '' Inter Harv N J..l.'I2la Inter Harv N J pf.lSl ... Inter Mer Marine. 27't 2i'i Inter Mer .Mar pf 1U0 1J Inter Paper . - - - 7i.l It Inter Nickel M 3"i Kan Cltv Soulh IS' Kennecoil Cop. Lack SlccI Lehigh Valley . l.lg c Mjeis Pf I.oot.e-VI!es Uls 7h)j 7SH Mother Lode 4'.) filUiMlncs Co ot Amer. 30,'J iiON Nevada Hills .Nevada Wonder ... Nlpislng Ohio Copper Itaj Heicules San Toy Stewart Tonopah Intension. . L'nltetl Verdo Wefct Knd Con . . . White Caps Yerlngton .0 'opi OP SCt 100? M HIS 34 30 32 34 1 "u 8V '4 IVa 8 ' i 31, 114 II Hi LIVESTOCK QUOTATIONS Chlraio. Oct. 3. IIOOS Killmated re- a TatkholdVr. of record it eloae l.r ' relpt. loiaj 2n.n.i,l head: left over. 2230 Of M OeSiVrlo. II.18. ' " f I head. Very little dole, blddliia l,er. Ktr.t Siilllr.milnn.n lalea 206 2,'ie under jeaterday'a average. y ""-"".'"ryfcKSON. Treasurer. 'l'A:!:Tfc:-E,",,","-d rfv'W' UyUy- " I HIIKKP Kutlmaled rffeipta toda, 12.000 ANNCAL MKKTISfH kTHK ANM'al, MF.KTINII OK Till! I head. l'ltlshurah. Oct. 3 HOliS Ile.elpia 30IM1: IIOXARisiirVhiii''VilW!GV5 '"'" h"a"' r'ler.tt- heavy jorker. iLV2hiR1.'.50yKiT,?Nt."K SLAMriN niivSftHV 40: Haht jorkera and plfc-a. $1.7! 7?.f'1 !' t.,?r-ti,r5,,..,V.u" Tu"-, 11. 0,1 . Ottobrr 8. 1018. at 4 I' M , r V W. FRA.IKK, JR.. Hei retary SHIIKI AND I.AMI1S RerelpU 300; teady: top heep, ill .".11. lop lambs, lis I'ALVKS llecelptaSiio, ateady; top, lit). tivat HillTnlo. Oct 3 CATTLK llerelpts. 1)0 head Slow and iflHIH. -llerelDta. Sll'l head Slow and w York. Oct. 3 The Subtreaaurv i lower Heavy mixed and Jorkera, l.il l.w hed M.I...000 from the banks yesier- ?J?5. . .fJSfJ! ""....'.'"tl.-.x w making a cash net gain since Frl- silKKl AND I-xMH lleielpn, 2000 head Slow and unchaneeds - 1 n e P Aim. bed tllow linimcial Briefs ' rA,''v?.sr-,'i'f!;""'- ' ' I steady 17fTll..30 ' ' lUKIS'-llerelpta. Ml') i. I'Sl l of SI, 697,000. fc'ebster King Wetherlll, president of Aioine 'iruai (.ompany, nas been ea a memoer ot tne J'hiladeiphla r.xcnange, ana walker lloureau en proposed for membership. he Logan Trust Company's West naeipnia, orancn, at B324 woodland ae. opened ror business today In tw building made necessary by In 4m business and ntted with every equipment. local Federal Iteserve Bank will w from deoosltorles flov eminent Aa of 9. 754,277 on October 8. he- per cnt or tne balance qt tne wr 4 I vcniaiitic iiejiuaiis. 1 United Railways Investment Com- 'trcfxirts a total income for thn yar ended June 30 or Jl,,nj.60, Jt, 891.583 tho previous year. ' Flour Output Inrreae a-olla. Oct. S. The Northwest- anvu Ih. VIlnnaannT a Hnill AUV ..,. HjMt week Increased 12.580 bar- I i" X,mb " rlsS. .1, latin,. In r-cra.l ... Pi..,,.. fepifmOer ... uncnangeo. ; . - I Ilun'ness Failttren Decrease) fgh Carmen Accept Advance urali. Oct ri of the Plttsburglt y accented the wage also maximum pay 41 cent, an rJr7 nrt0d of 1917 and with M agreed lo temporal y ctiamtea .tK?dL""..Jlr,'0L el. 'm. a n tU - . -. - - id.zati lunuriisiuiia iui m u - iw a vi 1 v 111 TC run and scneuuieo. the first nine months of 1916 Compare In- with the maximum of 17.288 re-1 r.,VORK BUTTEn AND ECCS I veiaes of the same months of hub. tne . iiuuiriit.i rrsm.uii c vw. uv ,r c,, Kansas lt, Oct 3 CATTI.B necelpla. 11 imiii head HOCS Iteelpta, .1000 sead. HHKBP HetelPU, 1H.O0I) head South Omaha, Ort 3 HOOS Itrcelpta, JHOO head CATTI.B llerelpla. 7MIO head , SltK.Kl Hecelpn. 47.000 head, rara 640 NEW YORK COFFEE MARKET New Vnrk, Oct, 3 -The market for coffee futures opened active, unchanged to a three. point advance flood business was done lu July and September eon tracts. The advance rarrled all months, with the exception of September, lo full max. mum prices'. October. ... November. . 1 December. , I Januar February I Mnh April r.m.rlal fullnreR In thf, ITnlteH 1 Motorman and States' numbered 8069, with liabilities of Iti.burflt TtaUwavs 122.075.024 In the nine montha just the wage idiani. 'ended. These Ogures compare with JO.- m n."nrn 727 defaults for $11 1.950,038 In the cor- Yesterday'a 11 30 12 Oil 2 00 close Open a tn in n m October . .13 20 . 32 s."i . . 11 nil Decern ier .. 82 Ml .1-' 711 ,' 4.1 as. 31 AJ .-, January . .1.',.'.., .11 3'. ,12 2.i .12.1111 32 211 ilarih .12 .Vi 32 2A . 32.nO May . . . . .12 .1(1 . July 32 42 Auiual 3190 Cotton Huverc ami Seller? New Vork. Oct 3. Octobei Downs bid , no offers Pi-ceinbei Mitchell, Qiinmens. Hart corn, Fllnn. Jay and Newman bid; Hiooks. mover. Sellar, Wimnan. Geer, Schlli, Hopkins and Flggatt offered January Getan, Schlli. Segal and Flggati bid : Sellar, Hopkins, Walsh and Newman offered. March Hrooks, Itoyce, Ilubbird and Wenman bid; Hurnelt, Geet. Newman, Fllnn, Cone, Jay and Hanger offered. Liverpool Collon Liverpool, Oct. 3 Spot cotton was quiet toda, with prices steady on the basis of an advance of 13 points for middling, old contract at 24.6 Id Tho sales were 2000 bales. There were no lecelpts. Futures were ipilet In the early dealings. Spot prices were Ameri can middling fair 25 92d; good middling 2B24d; middling 24 61d; good ordinary 22.01d and ordinary SO.Sttl MONEY-LENDING RATES NKW VORK Money on call, mixed collateral. lending at 6 per cent and on Industrials at 6i per rent CIIII.ADKI.IMIIA Call, 6 per cent; time, 5?4W6 per cent. Commercial paper, three to six months, S'&G per cent; six months, 6 per cent. Reserve Hanks' Discount Rales Official discount rates at the twelve federal Reserve banks wer a rniinws- (The flist column gives the rates for an perioos up lo and Including the Often-day maturity the i-econd for a ne- rlod of sixteen to ninety days. The third and fourtli columns are the rates for rediscounts of collateral loans se cured by Government bonds or notes.) Com'l paper tlovt. paper , in to no in luiio 1.. oaja U4 in riav 4 4. 4 I 4. 4 4 4. 4 1 ' 4 4 .1 40'. U7!j ns os); 434 43J 43'i 4!) 40 4') 10't 10 i IC'i 37'. 36'4 3i! Vo'i 40'-, "lO'. 08 IIS US .',03, SO CO'i 0'J1! O'J'-i b'J'i Today's Vea'y'e openin. close K..VI S..VI s.ll.V K S3 8.KII N.S0 5 N 03 ll.ll) 0.10 0.23 11.23 II 40 9 40 9.33 0 S3 !) S3 0.73 .10 04 V.U3 Iloaton New York .... Philadelphia t'leveland .... ttirnmond Atlanta fhltago . . St, Louis Kanaaa City Minneapolis Han FranclMo Uallaa . . 4 4 4 4"' 4 4 I'i : IS I c 4 S' 4' 1 tt.1 4 4". 4 4. Vi 4 dayi '4 4'i S4 3.1' SO'i bU'i KU ou nil, j0 00 wi uu ... lS ... Lorlllard (!) Co.HO'4 l.W 1M1. 1S3' Maxwell Motors.. 30 ' "' . ",'.. Maxwe'l M 1st pr. ni'i 01 ''. ' Maxwell M 2d pf. '.'3 ".3 2.1 i McMcan I'elrol . . PJl'i l-'H' 121 l-'UJ lis'a JSs?4 'JS ' 28 Mldvale Steel ... o0' 6U'i oil', ou-i Minn & St L new '. ... Missouri I'acitlc.. 21'. 24 24 .1 Missouri I'ac pf.. 5" " Nat Comir C... 17'4 1. 1; ' Nevada Con Cop. 10 20 20 -0 V... Vnrli rent.. 7l'i illl 4 '' N YNH& H.... II )'i "' V.-ftb 1 tVCt4lt . Kill- ... ... Northern Pacific. M.', MS' oS'4 hMi , 15 N Scotia Stl K. C. i2'4 .; Ohio Cities Gas.. 3.', o.'t Ji1! -J" Ohio Fuel Supply. 40 .. ..; ; Ontario Mining... Ti Owens Hotttle M. ."S'i l'an A V & T pf ' 1'cnn.i 11 II :? l'6ople"s Oas Chic. oO I'lerce Oil !" I'llts A. West Va.. 30 I'I Its i W Va Pf- '! Fierce-Arrow .... 40 Plerce-Airovv pf.. 'J IMtts Coal "I 1 Pressed Steel Cal. 1IP1 Pullman v-o ' .' -, " V-i ' " '- ' 1 Ilv Steel Spring.. .', Cj'j 61', J, Itay Consol Cop.. 1M', 23', 23', 23'i llcp lion A: Steel. 'JO IOJ4 b)h UOJ. Iron & H pt 10l)' ... .- loyal Dut tr rcts.lU0'j 113', 113 1 13!i Savage Arms .... 00 00', m Wli Kt I. San Kiin.. 11 Hr lloeb & Co 147 147 110'. 147 Shattuck-Arliona. 11 Sinclair Oil Itef.. 32), 32'f 32, Southern I'acilic . rn.-, no-, cm Southern Hallway. 27.', .S 2S.'j South Hallway pt 1 bo'i Ob Studebaker Co.... .r7la "' " Superior Steel . . . 30 30 30 'I'elin Con & Ch... lb)j 10', 10 Texas & Pacific.. 15 ... ... Texas Co 1KI ll IS.'.1. Tobacco Products. 70!, i2 2;, . Union Bag & P.. 71 ... ... ... Union Pacific 120', 12 12. J . 127 4 Unit Alloy Steel.. 37'4 3.!, 37 37i tJnlud Cigar Strs.l01! ll. 102 IUP4 United Fruit ....140 115), 112 145H U S lud Alco pf . 911S , U s Hubber 01,', 02)4 01 02,'i II S Rub 1st nt -10.1 U S Sm Itef & M. 43'a ; U S Steel iUaJ, UO'4 109!f W U S Steel pief... 1101. 1 10 1105i 110!, Utah Copper ...,b4 M bl W irtah Securities.. 13 ll'i IV i IU, ,x .0 .0 .,1 iO ,,. .. 0) 3'J US', 3S'i 38! 13 r34 hi M M 44ft 44 HOM)S 1, l.lnl.o,,, . finl. 33'i 334' Cosden Oil 6s' '.'... i 1 iii-ilt-ti A.- Co 6s .... 10 I'udahy Bs J" Russian llov. B'js.. on Itusslan llov. 6's.. 00 Southern Hallway 5s. OK 14 Sim-lair Oil Cs mi Todd Sh'pb'lg'ng 6s too 31 30 I i "t -!4 T U 11 "m 3R ill III', 4 so so Dl's 03 Aft "--4 S5 103 Hi oh 'a 63 DIVIDENDS DECLARED y Kinney Oil and Itrflnlmr Comnanv. ususl quarterh of 2 rer rfiit, p4abl.- November 1 to hoinera or recoro t-ittober la 'lernpa ConsolldJled t'ompanv, 1 percent, tiaynhle October 15 tu alock of record Octo ber 1 U'v lis. Overland Company, usual quarterly of 23c a share on the common uttsk, payable Anteiuner t 10 noiucra ot recoru 01 UC' tober 21. K. II MrClwain Company, recular nuar lerly of $1 51) on the first preferred, sec ond prvferred and common tttoika. nil my. nble Novemls-r 1 to Btock of record October Less Sleel for Farm Implements tVashlnulon. Oct. 3 Judge i;. B Parker, pilorlty commissioner, today di rected tho agricultural implement and farm operation equipment Industry to use 25 per cent less Iron and steel dur ing the car beginning October 1. 1918. than It did In the corresponding twelve mourns 01 ran. inis win enect a saving In Iron nnd steel for Hie direct wnr program of about 500,000 tons. IIONII lllah Low HI 000 Bald Loc lsi Rs.. obi. ony, nou 14 3000 Leh Val Cs w I, 0s4 On',4 flaw .. 6000 Lib Bonds 44s .. 96.30 06.44 JI0.H .06 3000 Phlla Klec 1st lis. 01 00 00'i. 1000 P B & W 4s 04H 04V4 01V4 V4 looo Heading gen 4s. M"4 31 HI" 14. 2000 Welsbach Co 5s.. 92',. fW 02V4 .. HULA. INACTIVE STOCKS Following are quotations for Inartlve, stocks listed In the Philadelphia Stock Exchange, and In which there were no transactions today. The price given Is tho last previous close: ' Little Schuyl. 48 Lit Bros 24. 1'4 M nehlll ro lOVi North Pennn. 86 Acme Tea pf. 79 Alliance Ins.. 19 A II War 1 Am Milling.. Am Itwv pf.. Am Stores.., Am Sirs pf. . Brill J (1... Buff Sus. Huff & Sus nf 48 Cambria Iron. 31 Cambria .Steel.1.10 Cataw 1st pf 52 Cataw 2d nf. 54 Con Trnc N .1 66 !4 W J ft S. Kite Stor pief 66 West Coal 58 20 92 25 58 Ph C cum pf 33 Phlla Co 27 U Phlla Co pf,,, 25 Phlla Mining. 2. rhlla & West 6 Ph N Bk war. 125 Phlla Trac. .. 66 Hwys General 2 I'onopah Mln. 2T Un Cos N J.1J2W 41 70 lit A II T.... 10 Wm Crp & S 77 III A U T pf.. 17 York Rvvys pf 31 Key Tel pf... 46V4 New York Bonds ir.' RG'i 864 90 Vi jio'-j !I7I4 9" ft 8.1 83 804 80 'J 77 77 76T4 v76'. 81 i 81 H 91 9 M4 107 763, 74 Ti 7! 57 93, 78 M 71s. 97 '4 95V4 '.1414 107 76 74 Ta 79 i 57 93 u 7JI'j 71 97'k 100 54 10fl. 47 Vl li'4 60 50 624 52 3 GENERAL ASPHALT ISSUES GAIN AGAIN AND LEAD LOCAL TRADING Common Shares Are Marked Up 1, Point and Are Active, While Preferred Advance V2 Market Is Stronger, hut Slow The local stock market opened broad ngaln today, but activity was small, outside of General Asphalt common nnd' the tone was strong In line with that on the big hoard following Initial transactions, changes In prices were confined to n few Issues. Virtually all Interest was nttracted to the movements In General Asphalt shares, the common showing further momentum nnd advancing 1 point by the end of the first hour and the preferred, on trifling transactions, gaining Vt. I'enn National llank warrants advanced a fraction, but failed to develop much activity, and Tonopah-Uelmonl and United Gas Improvement both udvanced fractionally. , Cambria Iron, Klectnc Storage, Hattciy, Philadelphia Klectrlc, Rapid Transit certificates and Warwick Iron all came out unchanged. United States Steel common reacted slightly, but business In that usual lender during the early part of the session was so limited that Its change was unimportant. Baldwin locomotive yielded i on a block transaction. Horn! business uninteresting, with third Liberty Loan M'is taking the active leadership, The seventh Issue of the Treasury certificates, which Is being offered cnncuricntly with the fourth Liberty l.onn campaign, is being well 'taken, It Is hoped by Reserve Bank officials and l.lbeity Loan leaders that the present Issue will establish new records In the percentage of oversubscription as well as In number of subscribers. Subscriptions close October 8. 32!, rA'i 2Mi fiW, 3'J lo!f Extra for Cable Company Pittsburgh, Oct. The Standaid t'n derground Cable Company declared the tegular nuarteily dividend of tier cent and' 3 per cent extra, payable Ortober 10, lo holders of lecord October 4. . Itlirli l.nv 15000 Ane-French 5s 95 95 95 xoooAni & I. s. 10014 11111V4 inn 1000 Am Fgn Sec 6s 97 '4 9714 97 2000 Am Sm Sec 6s.86 6000 Am Tel 5s. .. 90 , 194000 do ret full pd 97". 2000 Armour Co 4 Vis 83 1000 Atchison gn 4s 80S, 6000 Bait & O 31, s. 77 1000 do cv 4'ss. . 76T4 1000 Beth Stl 6s '36 81 a, 40000 Hkn Ttap Tr 7s 95 4 1000 Ceil Leather 6s 91 'i 5000 Chill Cop 7s. 107 2000C A O cv 4'ss 76i 1000 do t'4s . . 74 'a 19000 do conv 6s.. 794 1000 Chi O W If. . 57 1600I1C n & Q 4s. .. 93a, 1000CM&SP cv 6s 78 U 1000 Col S. So His. 71 4 1000 n of Paris 6s. 9714 7000 Con Cias cv 6s 101 2000 Krle. c Is ser A 47 2000 do c 1s ser P 60 2000 do cen 4. . . K2. 690(10 French H 6js.101i4 101 A Ml,, oiiuu ill cil. den 4 'is H2'j 82. 824 1000 Inter Mel 4'4s"5i4 51 U 61 14 6000 IntrTl T ref 5s 78'4 78 78', 190000 Inter Mr Mr 6s 99i 984 991, 3000 Kan C Ter 4s. 71V. 71 14 71'- 1000 Laclede Oas 5s 98 98 98 49000 Leh Val ret 6s 985- 98, 98 10000 Lyons 6s . 99 99 99 2440110 Lib Bond 34" 100.22 100.00 100.22 240000 di It . . o.d.34 96.00 90.28 30000 llo I.I 4h DH.11 1)3.00 06.1 1 lOJIIIIO do 4 'is . 90.02 00.32 90.00 1 1 6000 llo 2d His 96.36 93.08 90.20 12000 do 1st l, 96.10 96.06 96.00 100O Minn & St L 5s 45'4 46', 45'4 2000 Mid 6s , , .86 86 80 1000.V YWC&B 4"4s65 55 55 6000 North Pac Is. 79. 79i 79. 4000 Pacific Has Cs. 77 77 77 1000StL& SFal 6s 69 : 69'4 SO'i 12000 Si I, & S F Ser A 4s. . ., 59 2000 do Ser H 5s 71 8000 Sill Pac cv 6s U 4000 do cv 4s . . 78 14000 do ltd 4s ... 751, 5000 South Rwy 5s. 88 1- 6000 Texas Co .6s. . 99 14 10000 U 8 Hubber 5s 80 2000 U S Stl sf 5s 97 4 1 1000 Union Pac 4s 86 K 6U000 U K of G n A I 5',2S '19 .. 98 11000 do 61-s n '19 99, 26000 do 51,4s '21 . . 96 10000 Va 6s Brown Bios 691. 1000 West Md 4s .. 57H 67", Eugli'h Deposits Increase London. Oct 3. The weeklv state ment of the Bank of Knglatid bIiows the following changes: Total reserve de creased, fl, 1 41,000: circulation Increas-t-d, C1.757.o0ii. bullion Increased. 616, 315; other securities decreased. (608,000; public, deposits decreased. 1,417,000; other deposits Increased, 3,139,000; notes reserve decrea&ed, 1,169,000; Government securities Increased, 3, 468,000. The proportion of'the bank's re serve to liability this week Is 16.91 per cent. Last week It was 17.78 per cent. Hate of discount. 5 per cent. MORE POWER FOR BANKS National Institutions Are Tolil of Privi leges Uniler IVew Law In n letter to all national hanks Comptroller of the Currency Williams sain: "I am pleased 10 auvise you inai, under the authority of an net of Con gress, approved by the President on September 26. 191.1, enlarged powers have been conferred upon national hanks which are now authoriied, under the limitations prescribed In the act, to open trust departments and to act as trustee, executor, administrator, register ot stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics and In any other fiduciary capacity In which Stale banks, trust companies, or other corporations which come Into competition with national banks are permitted tn act under tho laws of the. State In which the national bank Is located. "As a condition precedent to the exer cise of these new powers, It Is necessary lo obtain a permit froin the Federal He servo Board, National banks obtaining such permits must have capital and sur plus required by the State law govern ing. State banks, trust companies and corporations exercising such powers." BAR SILVER Bar silver remained unchanged today in New Vork and London, prices being 91.01 and 49'4 pence respectively. EXKCTTOIt rilARTKKKIl 1866 TRUSTEF. FIDELITY TRUST COMPANY Member Federal Reserve. System Capital $5,000,000 Surplus $16,000,000 Main Office: 325-331 Chestnut St. 43-53 S. Fourth St. AIIMIMSTKATOR Broad Street Office. N. E. Cor. of Broad and Chestnut Sts. GUARDIAN (13) 58 69 71 71 91 91 78 78 75 75 54 8814 884 99 99 '4 79 80 97', 974' 86 86 98 . 98 ' 99 n 99 H 96 4 96 '4 69 ?i 69 ', 57fis 574 Capital, $438,000 Resources, Jlfi00,000 Mutual Trust Co. Main Office Bourse Building Announces the Opening of a ' x West Philadelphia Branch at 25 South 60th Street (Corner Ludlow St.) - Which Will Be Open Night and Day . F. SCATTKRHOOn. President SYDNEY STREET. Vlfe President V. r. n.NhEI.I Vlre President MM. II. KKSSLER, Ktc'y & Treat. wAi.Tiin s nBTWii.nn C. T. HANNA V. r. HANSKI.I, H. F, HANSBLL DIRECTORS VC J KOCH WILLIAM n KESSLER F P. LARKIN M. W. NEWTON S r SrATTEROOOD SYDNEY STIIEET JOHN O. W'H.HON WALTER K. WOOLS! AN Ifwk. Ort a. - UlTTCIt - llnflulm. I 4.r.ai aiunr, wuui.iions un- MarkJt lull. FOREIGN EXCHANGE New York. Oct. 3. There was no lm provement In the foreign exchange mar ket In the early rate today with re spect to the volume of business, but .Scandinavian exchanges were a tdiadH better and francs and sterling displayed continued steadiness. Dutch exchange was heavy at the low records on the movement, 16 for cables and 16V4 for cheeks. (Quotations werei Demand stetllng (.75 7-16, cablet 1.76 9-16, sixty-day bills nominally 1.73, ninety-day bills 1.71 hraties cables 5.t6",. checks 5.474. Lire rabies 6.35. checks 6.37. Hwiss rallies 4 70. checks 1.72 tlullder cables 46, checks ISv-j IVSftsx cables ., checks VI 85. fhrlstlanla rabies J9.30. checks 29 Copenhagen rabies .8.70, thetks 28.10. HANK CLEARINGS - Hank ile-rlngs todsy rompsred wllh clr reipnndin. day Uat tvvo ears; mis 1917 11)11 rhlla . ,i;6,70U.Nia .tT.'.'4A.ll.1 ll7.im.27S Motion .. SMIH.IW S7,li8.313 .1:,1U7.H17 Sugar Prire I'm handed .New York, Oct 3. Itenned sugar con tinues unchanged with local refiners quoting on the basis of 9c, Icvs 3 per cent for cash for fine granulated Ilawi Va (Jaro (Jhem Va Caro Ch pf Wabash Wabash pref A . . West XI ar Undv West Union Tel. Westlngh K & M. 43'i 41 Wilton & Co .... oil White Motois ... 47 ; Willys-Overland.. Jlli 21 Wi -'1 Wlllja-Overl'd pf.& .H .- .113 .04 .1111 .03 .OH .05 LOCAL MINING STOCKS TONOrAH STOCKS nid Jim lfutlr MarNsinara .Vlltla . ... MIZtMh Exlrnsinn .... Montana .Scrtli tiar Itiatue Kula W eat Knd (IOI.DPIEI.D STOCKS Atlanta. o'l lllui- Hull Hnulli - Dlumf II H 01 P. lay 01 Kewanas 0. llrn . . Hand Kn .. Silver Pick . . 03 MISCELLANEOUS Aril UnllM . . 16 Nevada W rndor A Tevoim Minlna- 13 GOVERNMENT BONDS while from the loo mark of S27l.918.021 nf the first nine months if 1911 the fall ing off in the indeuteanco la nearly 5ft also are iincnangeii at li.uj.c for 81 ecu ranaaia a. rui.i.rtd. ivul.. '.'a, rtglaured 1930, 'Ja, coupon, ltl.1'1 . . 8a, rrilitrrrri 11118 3a, rnupon, 1H1H.. la, rr-iateird. Wii 4a. coupon la'J.'i. , 3a. ra-lterrd Iflin 3a. roupon 1U16 . Panama Sa, reutatrrrd, 1030. I-anama '.a. rr.latrrrrt 1B3N Hid . lis . 08 Ak .60 .an I .00 .It .03 .10 l.C'U .04' .01 .ol .03 .0.1 .0,1 .01 .01 .01 If .13 Atk ,,..... "s , 'l4 ....... .106(4 liiavi H3 83 118 01 Hi tOTtt i'i 107 I Thelnore materials shipped, the smaller the casualty list. Money is needed now for materials. Lend yours to the Government And save our Glorious Men. M'jf r? I 1 tlteMI wwitaaitd. . .. . tt ,.1 "i H"tot tiki ... f fy, VV T -" - S, fVWftr ' mrji ica-frfa .." "1 fl h&j $m,'M .. j.t.....J. ,4jjj ,- , ' , Ztk'1 '&' t?! "W kr. 9 ',& i per cent. trltugals. Panama 3a, wuhju.,,. --'. . l,. . rtm "' taI', ; . ,ia'ffaaHW l-faAfJLf1. . .iail 'Jls a4"jv-j? 'r.,-?siss-..-
Significant historical Pennsylvania newspapers