JB-VJCK tHP PfrBJLIO LEP0--lHiLAXELfeiU, VVEDSDAy OCTOBER 23, ' 1918
jrfj.
7:
-, i
WEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRIQ
" 'MUlItfL I ' ' ' ni.in 1a i
-HaBBaBH-aaaaMlaiMaa .
ft, W ' ' . i i f '
Vs
iy
'Monongahela Valley
Traction Company
General Mortgage
7 Geld Bond
D.uJ July I. lilt D. J.I, I. i,2j
Recent rate advances indi
cate a materially increased
margin abote all interest
requirements.
These bonds are unusually
well secured and jicld more
than 7.75r'
i Atk tor I titular vi; in
The National City
Company
Cetttirendcnt Ofcei in i Citirt
FliUa'slaau 1421 Ctittsnt St.
Telephone 555 I.ocutt
linnet-Short Itrm AottrAereplante
SINCLAIR
OIL
, Increasing Earnings
Dividend Outlook
Future Possibilities
Per Share Values
Oiiinncil In our onoljHtcil if
pint, llifci in jokii for thr utkltyl
- ttjp'iUvat'llni., Clip liis oil or,
MCHft tiO'li,
Savam&Dma
MeiMiers Com. Morlt V.i. of X. T.
62f .fytd&icr Bldp.. Phila..- Pa.
Vli.i"lletl, Wal. 40801 Hare 40
Kttv lark OtTlrf SB Blend St.
rn,tvATE wines ,
Back- Cr One Armr anil
V tiLYw. s. h.
UNCERTAIN MONEY OUTLOOK
SENDS STOCK PRICES DOWN
WjiII .Street' Anxiously Awaits Announcement of New
Ruling Drop Follows Advances Southern
Pacific Prominent Weak Spot
New Vork, Del. 2S.
, ' The Block market weakened tills iiiornlnK because of uncertainty
lieltiir rteuted over the minify outlook as the roult of the liicettnir be
Kneen tlit president of the stock evchunne mill the money committee yes
terday. Thin brounht up the possibility of mmr further reitrlctlonii be
ItiK made upalnst bullish operations, iiml the K treet Benerally devoted all
Its attention lo votivtrieriiiK probable developments from the meeting.
.Mtoclt. exchange nlllclals declined to mako any statement In regard
lo the ineetliiK, but admitted thut an Important announcement In regard
to the money situation might be close at hand;1
It was replied that at the time the last money older was Issued,
dliecttnR stock e.chanRe members to reran t all transactions in money,
It was staled that the action was temporary, and It Ih possible that as
soon as payments for the Cut eminent loan are made tomorrow the te
stilctlons will he modified Instead of belnir made inpre ilRtd.
The natuial result of the uncertainty was" an abrupt change In
price inotements. Stit-tigllt In some Issues In the eatly Hading wns turned
to weakness, nllh ihc speculative element genet ally hurrying to' set out
of stocks. .
Southern Pacific became one of the weakest featuie. dropping fom
luJ to 1uS on the sale of U.OoO nhures b Stout & Co., who weie tho largest
bujerw on the recent advance.
i Heading, after selling at 96V diopped to 93,, and llaldwln l.ocomu
tlte. united from 85ig to 83. I'nlted Statm Steel common Indicated a
genera tendency, falling fioni IIP, lo 109S.
Mexican Pell oleum made it gain of u points to ISO and Mien dropped-
to 151.
t
MONEY.LKNUlNt; RATKS
, .AJ IpitK tall money, mixed.
Vi.H'. """.renewing per cent. All
industrials, 6i per c,nt
iiJl,.,l,flilS,'p," t'ali. ti per cent
time, t", per cent. Cumtnervlal
paper, three to six months. 6ff per
cent; six months, per cent.
LONDON. Monet. .1 tii- ,. uu.
count rates, nlmrt bills. 3 17-32 per rent:!
three month bills, a 17.33 per cent. j
Reserve Bink' Diiconnt Rites
OfHclat discount rates at tha tamlva
rederal Iteserve banlts"e"f us folKwi
(The nrst column Klves the ratea for
all periods Up to and ncludlna- the flf-teen-day
inaturlty. the second for I Sl
Hod of sixteen to ninety day,, ft,,
third and fourth columns are the rle
for rediscounts of collateral Joan Je"
cured by aovernment bonds or note)
Ccm'l ppr Oov. juror
IA 1. bft 4.1 .- aa
13 days On S dais t.
. 4
M
Hoftolt . .
Nfwr TorU ,
I'hlladMrhU ,,
Clftrland ....
rtlchmond . . . .
AtlunU ....
ChtcJio
St. I-o'jl ,. .
11nneapolfa . .
Kni Ctty ..
Nan t'raci'lacu
UllUa
4
4
a?
!;
A 4
'. 4
44 4
t 41,
. 4
4'tl
'. 4
4S 4
5U 4U
1 u
4.CB 4
COTTON TURNS WEAK
twi tin a lnrsnniXKiiTnn
vn iiLAV i rnEAunLi
Selling by Liverpool anil the
South Causes Declines Other
Liquidation Aids Drop
tOI'TOS I1KI.T MKVTIIKK t'ONHITIONS
.Nrtir lark, IK-I. 2S. Th fnlluolns Ifln
rtrntur. mn TtrtrM la the tattta brlt
tha marnlnat
tVllmlnclon. 4li Anrmla, &S Knuttllr
Mill Atlaata, at; hrlfln. Mi (Mtlnlwnia
Ulr. MrrUlan, Mama. kttnaaca and
Nn.hlllr. ANi Alillrhr. Sun Antiinln. 11m
pala aud rlsTaanah, Mi 1'nrt riialtk and
Manltniaffr. ail Klirerrparl. f'rDH
i'krlall, t.llllf tlocV and Thnmu.tlDr, (111
r. Mi liKlTnlrm, SS IVniuiraU
ta; JarkMailllr. '.ti rn
Irkftmra-.
and Tnmmi,
llrlfona. It.
. Tkrre rrnn .el Inrh at rffilfiuilan hi
lfi and Mattfarrr, .04 at l'ruroln
and .tail.Mtlllf and . at Mrmakla.
forek;n kxchanuk
it rk, Oct. "J3 Onlv a moderate
Nw YorU, Oct. S3 ,
IMlt- uottnn market wux ui1. r,t il
4 ' ofitnlitc under heavy preisure from Ulv. ,
,ft erpool and tin South; 'the latter btlng
4t hedRa (.elllnr ncalpst actual cotton. The i
l.ltrrpool selllnr nta innltily 011 straddle 1
account
There wh-s also locul and cuniiiilioloii
Philadelphia Stodis
Nrl
1 tiuii ii - p '" "
tSJ B fr M t 11 0 00 -
114 do pref 0 8
S40Krle ... iat;n lit. IB'. 14
JUtlen Aapli S 4' H H
loo do pref, ;o 10H
tMKenner. S1U 11' ' "n
tBI.k Sup r 11U 1? 11 ',11
1l.ih Ku in U4 in ' U
IJU I.h Val . SSV4
44 I'flina Hit 4 4t'Si 4S. "i
aiH.SaltM s4?i 4, 4H
, a.t I'hlla Co. sj st xn
I lies PhTUlllec J',4 ss 1 '
lsipnTictis s t:; ,
I MO Uracil!!. . n.1 asa, vja. i
;a.s Pac 14 101 llll I
las., uwj.. aii, sit, nil, . .
II8T011 Hel . t JVi 1 V.
80 Ton Mill. 21 i 14
140 t'u Tract, to 4H 40
IflSf II t .. t"4 " ' !i
lin.1 I S Stret.1llv IU1. IDS' I 'i,
.VI V J S 41 41 41
5 I'rsmip 1'4 1't 1's '
IKIMIX Nfl
lllalt li '. u m two
I limn Am IU 0.
' K!ec :. so sn so I
4vuo l.t-h Vnl
1 ;s w 1.100S4 loo-', isoj
1 lis I.'b Bonds
1 :M 4s.. a;.n fil.Oii Dl.os ' .00
looo I'hlla i:'ec
1 1st oa 9 OS .1
P Fl 1VN.Q VT V A TVTT A T?ATTT3AAn tTTTC s Sf Xi
ANOTHER HIGH-RECORD PRICf J
Advances Close to Par
7
on Small Turnover, With Lar?
f..:.. -i.l t -i . r v,
vrtitu tinier nans atrons nome v
Slocks Irregular
4S
Trading on the Philadelphia Slock ICxclianue duilnir the early hart rf'
todays session was not m-tlve and nrlr. chunirf. r irr.u.iinr. Pnnavl. "tw
Htila Ttailroad attracted the greatest u.imnm ,.r i..i.t ui i.v furthar-V
strength, iidvaticlng 1 point fium last niui.r. ,.iu ., .-. m.,i. ... -'V'
... - . fiit " v iuw. V 4H. (1 IIIKII ItVVIM iWI ,
I thl, .tear of 49, before mlddty.
l-ollotMng the earl.t trend In New York. r.iils were generally 1lrm. He.a-'
'lug ( ompnny moved un 1 tmini. i.mI.ii, -..h.. u,.l "
Iti ' UnH,ar . 1 11. . '".B,i VJ -41 I. lie II IIUI'IIOII, Will IO
I' bouthern nn.l et .Icret and Seashore -Hmp .,,.1 B,.,i
1 Iike Superior a, the uctlte IsUe. After being off 'J It recovered ,!
in... Ul ,,, ,,.. rnuadclplila Klcctrlc Khotted a continuance of Its recent
omentum, hut was not , Hrtlve us Jestetday and declined a fraction. 1-
high Nufgatlon and tapW v.anslt trust certificate, Scd.ed small advances
lr..,, J! 'V n"led Ci"', ,m"vent. Tonopah Mining and Gen-
f 1 al Asphalt, on nominal transactions, tvere unchanged. William Craino. on.'
PHII.A. IXVCTIVC STOCKS
.00 a trilling sale, lost '4. and Tonopali-Belmom leucted a 'little
' tnlted States Steel common held Mead.t and vtas more actite than
1 int the first half of the previous Nesuii.
duo
Hond business ttas biimII. Lehigh Vallet
toUiine or buatneiis hh apparent In thn,,ou'"' Ikiuldallon on 'stocV orders and . J'olloBing are quotations i for Inaettva,
forelRii e.sclmiiKe luiirUet In tlie early Jap.Uiese selling In modeiale olume. !""' ' l-' '" ''""KPi1??!!" .il ni
dfalltiga today and the onl notable tlujlng K.er tvas poor thioughoul , "''i? "ft, ",,,l,nJ..,' hi?,h V.V.c- riten .
Quotation" "Vnl' ihl1'1.V.,"th.e i"""1 '" "b0,lt 'S '" , . Tea pf. T I.tttlf SlIiujI, 4V , I
new 6s w I. were lower
Cotton Uuers and Scllem
NEW YORK STOCK SALES
Adtance Kumely.
I Adv lluiiifly pf-
! Ajar Unbber
I Alasl.a Uo'd M .
1 AlrsUa Juneau. . .
Allls-Chalm Mfc "JJ
Allts-Chalm II pt. St'i
, Am Agrlcul UhtiiLlWi
clime
l!
.VI'
blW
21.
BarnetOilGas
iKitditi . im,ii cruThn
.CW&cS
.Morton 11. Alexander
Phlla. Stock Exchange Bid.
' k SJ tUllliflii -M.. N. . t'lty
Aiii.m ........
I Am Cnn pter.
Am Oar & l-'dy Co
I Am Hide & Lea..
I Am II & I.ca pf..
Am Intel-national.
Am Ice
Am Ice pref ....
Am Unm-tHl
Alii l.tnsecd pref.
Am l,oroinotle.
ir,
M'i
S.V,
lc'i
M'i
60
4o'4
.'.'J1,
4l!i
7U'4
b7i
Hlh
'Mi
2!t
IM
bl'i
104!,
40'
I!!1!
.Hi',
M
M't
mill
40
J 00
t' IM
IM4
.VJ14
lllth ljn-
S.lSl
p in
.Pi
.".I
bl'
HH.'i
W
i'i
S2V
'
t.S'4 T' T'i
In. I jl.imhHi . Iif 1 1 Hi
Am Smelt i.- I'.ef. hS'i
Am Sm . Uef pf.lUS
Am KumatiH Tob.llG'j
OS4
o
i;i
41?.
7h:i
IIS'l
01 i
t44
CI
I :i
vrt
0;;,
rjtat
1 lo.e
St l.-Sun Kran. . . liPf
Seab Air l.tne. . . .' IP,
Senb Air Mile yf. yj
.Shattiick-Arlzona. 1(1
Sinclair (HI ttef.. acj
Kouthein Pacific. II 3
Southern llallnay. Ml;,
South Uallttuy pf. 70;
StudrbaUer Co, ... Ufi
Tenn Cop & t'hem 17'4
Texas Paclflo .... IS
Texas Co un)
Tobacco JToducls. 7ll'.
I nlon faclnc ...VM( j.Mt'i l:j
cnion t-aciucpr.. 71i 71'i 71U
fulled Allov Steel. W'j yi 331;
'nil f-iirn Kim n. lull ..1.1 ..... . .....
Mi- , r. 1 7 7. """"'I ii:t mils iih.'i
"i flilteil fruit ....147 l-tlj Ufi 14i;
ixiimiui Hieriinsr 4 75.1,, canles lift.
elxly.ifhy bills, nonilnally 'i 73, ntnety
da bllln 4.71.
J-Yane cables B.47S, checks S.tl'a.
Lire tables S.3t, checks S.Io.
lullder cobles 424, cliecka 4;i,
Stvlaa csbles I.Di',. ehrcks 4.PU.
Pesetas cables, 21'., theclta 51
Slookliillm cjibles -J5.30. checks ':!.
I'hrlstlanla cables !7 10. checks 27. DO.
Copenhagen cnbles 27,40, checks 27 10
BANK CLEARINGS
l.
fil '
IP
'iff: :w;
JiM'1 104M
ai'i ai'f
"o:( 70-v
w4 oas
17.'i 17.' i
ltl) IHtl
70 76V
Hank t'.fartns tn-lar cnmirr.l tlli tor
reanoiidlnir ilav last two icur
, mis lbiT I1A
'i. vim
N. York
Uoatuii
36','
lD4;'i
3IJJ
70'1
(Vl!
17J
1!H
ilHI
70.',
l.Tti'.'
71.1,.
oil
IBIS 1i17 UK. ' imnB 10 .r.joc or t
tin.liU.lsn IJO.nsn.mu lB.n-jt. ;.', nlaht's close and 182
J4.B0I..M.' 41 , 1,44.1 S4S1. o.l Al th, j.r,, tl
Crain Brokers Waht Larger Pa;
Clilraa-a. (K'l. 23 -Dlrectora r.f tlii
1ln..l f Ti-uH li.,.i nAnrilmA an Mf.,.,,1- . Oololtr HI, All
"- , . ...,.........,.. ...... i,.lPm,Pf ,i.T
mem to the rules to Increase the com l.lKnunry
nilsslnn rftte on 'grain to anltc f roni JJ" cn
? of 1 per rent, to I per tent, which Is ju")
charged on straight con1nments. This,
aniendlntnt a 111 be Kiibmltfd to iiiepi
bus for ballot. '
0 points net lottcr.
I The tone remained tteuU and un
, actllfd during the Mm hour. There ttai,
more Southern selling than recent but
the bulk of the pressure Keenifd to conn
from Wull Street nnd Liverpool foureir
particularly the latter.
Liverpool's selling appeared to be on
atraddlo account, tthllo ortcrlnnn hmu
Wull street were accompanied b lalk
of more bearish sentiment from iliut
quuiter
All actite positions made new Ion
gtotind fur the mutemenl. fiecembei
falling to 2S'.3Sc or 21 points under last
-.1 . 111.. lt.l l. nnl.ll. hair... , 1. a.
t?m lU(,,.n UCIUII ,11?
week.
lete was enough
covering to cause some Tecoterles.
1 1 .So u-.on
tipn
RH (HI
TS S9.71
.w.vo M.ia
2H.I7 -'S.II2
VS SS 2S rs
;s ss -jm in
m Lit Bro "4,
TO Mlnrliill f.O
.North 1'emiA. so
ivun x n cp r.
I'hlla ' c pf SS
Phlla . IVes. . C
Pitts : IV pf 80
Pitts Coal cUs 4r?;
Hay Cons ... 24
Uwys lienernl
I .t u tt.ir ,
Amcr lias
Am Milling. 10'
A nur 1ly pf 81
Am Stores ... 10
1 m Stores pf. 1)2
llrlll J C... .. 23
Ciimb Sti(l...l2S
Calntv 1st pr. S3
Catnn- ?d nf. KS
inn ri-sc N J f.S'c un co .n .i isi"
lit . ti T... 10 "WrttU 1 i. Ml ',
Ht & B T nf. 17
K"" Tel Co . ;';
Ke T C pf.. 474
M'tatm'd Col
York I'.vtM. pf
M;W YORK COrTLK M.RKI'.r
en l.rk, (let. 23 liecember- (lif
ford. ltusell. (lloter. McFadden. Slack.
(Juild mid Wilson bid; Klnfteln. New.
man, Jaj. .Martlif, Burnett and Kelffcr
offfred
.liinuar -llusell, WIIhoii. Uinord.
Mai tcorn.l raters and Mitchell bid;
flyman, oung. Sellar and Motriron
offeied.
Maieh- fllnn. M.Tndden. C.lffoid.
. Hiirtcorn. loung and Illntitelii bid, Lln
I J.1 . !!'. U'001'"1 "schh'.t, ewman. Slgel.
I ScliUI, llagedorn, lu-.tie and Slgel ofter-
, Mnj- N'etvmai), Itsmmaiin, lilfford,
I .til uncfAlh t .. . .. .i . . . ..u
t ...nnian-K,, JU Hnu lipau diu ; vai-
tii-. .iii iii-ji, JUIDUHIU, 15 rook l
I itil ilPT UllfretJ.
i .lulj-Schill bid. Kredeilckon
I i one offered
I. S. Rubber Compan.t't Larnings
Nrtr l.rk, Oct. 2 J. Colonel 1. Colt,
president or the fnlted States ltubber
lo-npaii. In a letter lo the bankers tn
.'T,'1,"0" .?"'' "'e sales to them of
111,000.000 I'nlted States ltubber notes,
states that the current assets of the com.
panv as of Jun JO lait amounted to
$136,7118.14, tthlle the uiirrent Indebted.
nes totaled only 13S.347.71S on October
1 The amount of caah on hand exceeded
tlie loans nnd notes payable Net earn.
Inge- for the thiee earn ended Decem
ber sn. IP 17, applicable to interest
charge, ateraged $14, 478.433, equal' to
four times audi Interest. Tlie net earn-,
ltlffR for tile slv month, nn.leH Jima 30.
Stein. ' 1310' sner aeuueting nil interest cnargea
uim iir niiutvuii; tor Depreciation,
estimated taes Hiid reserves, -were 110,
242.3Cu. T
and
Lxtra
on Mining Motk
Tfn
. Ie
a m
lit' To
JV.OJ
; nn
I'N.i"'-'
"JM M
the feature In the roffee mar-, clarcd a icgular nuartrrly dividend of r.n,'rH nuotlmV c lesi ne
irutng for some time It has .1 p(r cent, uml an eitra .,f l .,.- .".,,. i ren."c" nuoiing .ic. less . pe
.allilc to obtain licenses, which payable NotVinber "to stock of rr S '. fSl',mMf.niinUpit? .
nrans that domestic linporteis October si r ' ' "oclt r rotord remnlned unHiange.1. Haw, a
enllrelv out of the market. I changed nt o.OESc for ! centr
t.'.l.'l b'i'4 fe'P
L'ntt It- Infest. ,
I'nlt U.ts lliv pf.
f S ind Alcohol.,
Am .Steel files.
Am T k T to f p.
Ani Te'. & Tel
, I i ltiti.w-i
iir,-, Mi', tio'.'r ssni p.&'m:
.1U.J
lmmi.MK
., . Ill, 74
,in Tobacco . . : M)'i
Am Tob pf uetv . . IH
AsroCated Oil . . . 014'
.Mn Xliic L S. S.. la'.
T1IK i.tuttl mtiiimi. iitMi Anaconda Copper. . I;.
Pllllaite.liltlii. Ph.. Ctrloh.T L'S. IMlh Atlltn Collft LltlC.101
T,lie llonril nt l)lr.'Cto- li.iN Mil, day lie- ,..u "r.,i. Av t 1 1IL 1 .
.I.rwl a dividend of rVl.t tier ift. IS'.l . AKn ,i" '." Y'
pitssble Nmrinlier I. IBIS. 10 aliakllcMers ' AtCh T at h I- pf.l C4)l
iif remril hi the cliee -of Inislnc!".. un cKto ' ,tl tiulf & ' l.Itl-
HaldtWu Loco .. ell'
ci!j Ho.'i s.1 p. t; S Stcet
WW luu u ,. ."'., i; S Steel pref.
I toll Copper . .
JiVi'l Wabash
y?: , Wabush prer A
iLV.
itHir, UHi't iix
UM' 111 !!:
u7- u;vi
7' 1 7'."i
10"f
l'a
ItiC'i 1071; 107 107; J
co4 on to co
47f; 41) -111 4U
H0;i UP,' Ho". 110',
It"! 114 Il'i'. 112,
JSi HOI isj WIJ
l.iterpool C'vlloii
1 i..,....i 11..1 'i v:.. .-,,,..,. ..... MnrMim,rii
..... ..v.... ... . --..,.. .. ...... .. , s J..1
LOCAL MIM.NU STOCKS
lUN'OPAII h TUCKS
llxl
Jim llutler ... .47
In r il mis
riictl., v.'Hl l" NOi'l.'C!
I'VIN l.".I)OI. I'll t'nilnei-.
CREASED BUYING
SENDS CORN UPWARD
'J7'. on
S-Ti Nt.'t
1H 11U
S.V, SI
oS'i' OS' 1
l.'i I
Wabash pref B.
Wells fat go Lxp.
Western Maryl'd.
Westlngli i: & M.
Od.'i
IC
2:,
mi
in'.
40-;
B
e a r s
HoUSKb
Sliiihtlv
utul
Scll-
Cominishion
Prices React
After Cains
, ( hlrajco, Oct 2.1
Buying of coin m leiumed this
(tiiPiilner it-iil til. ill 11 r). At iib uli-niifrar
At llie'lmi luiwever. tnc.il t,ejl- ,. ,l 1 Clll Mil A: St I'aul
eotimib-hlon houses smiplled the demand, ''J1' ' f-rf'.,',,w
ltl,M .11.1 , I" .MMlll" ,.,
" !Chl 111 & Pacific
causing a
A llleil.
Tiie po-ltlot
eat'llun Sentiment
of the cash at tide ttas
Ilaltlmorefc Ohio. 6.'(
tlatopllns Mining. 1'
llMhlehem Steel.. 71i
Uclh Stl Class 15.. 7l!; 71'. il'i
(Mil Stl 1 p c pf.1l)4 1UI 1IM
lirookn Itap Tr. 1L''i
Hums Brotiicm... 153 ..-.
Hutto Cop& Xluc. 10'4 W'4 10
Uutteilck Cu .... 14
Uutto ,t Sppfiior. 21' ...
Calumet 4L Aria. . . Ii... ...
Cal Petroleum ... 21)1 "! '!
t'al Polroleuin pt 00
Cal packing lo'i .
Canadian Poclllc 1,2, l71a 17ti
Cent Leather Co, Iki.'j 00',
I'eiTo de Pas Cop. ob.'j
t'lMinller Molof.. bTJj
Chesa : Ohio. . .. 01",
Chi (It Western. . b'i
chl Hi We,t pt., -'3U
01
Kl),
IIU
2s7
firm and imui look upon the pieutiumx
for lhee gradei as evldmce of baMi'
C 11 I A: Ptstiopr. I
C It I fcl 7pcpf. fc-Ji
Chile Coppil .... 21
t'hlno Copper . ... U'i
Columhla I & U. '.O
;
v:
oi;,-
K'i
2o'f
01! i
SI
11U
2J
72.' a
S.-P4
21s,
414
lli
054
1)7
til!i
b'i
2alj
51V
Si.,
111.5
2'i
strettgtli Und this hud a griod dal to
in. .win iii.-i--u.cii vauiiuu iiiiiuiiK rcnci.-. i ' : ., o,,,i;.t, ,IM 'ht'.
.lt,,fl,l,t ..-U ll'ut.h.il I LOIUI.UU .?-..,.., .., .w4 -"
" " ' .Contlos ..1U2' 102
The 'ilUlfl
cioei.
twlohtfi" openetl at $l.0 bid, against
11.27'Vi, -pt rda. Notember ftarteil at
11 24'Si H.21I-... against S 1.25Bi at the
c'oe jeUlslsi' and. .if let' selling ill
II 2?. decllmd n little. 1'cceniber as
Htiojed at $1.22.i 11 2l'i lit (he outeet,
coilitmred tilth $1.20 at the end ester
dayi and later old at 11.21',
Receipt!, heie today were 1G1 car".
Theie tt'as actite buying of mint tit
tho.ouWet nlid prices title Mime' Com.
mission hofises 'sold on the tWi. Trade
wan fiilily large and m'led, Xotem-
benojiifdiat ?H4Cvga!nn Vie at. the.,
Coin Prod Kefln , 44?i
Com Prod Iter pf.1U!S4
Cmclble Steel ... A0i
Cuba Cane Sugar. 32.',
Cuba L'alie Sug pt. ol.'t
Del At Hudsu....Ui,4
Dm X. Illo C.r pt. 11
Dome Mines
Distillers Stxui . .
Ih lo
1.1 111 lbt picf. . . .
Podviitl M .1 S pf .
li.tstoii mu & XV.
Oflicial Cigar , .,
Uetiervl Motors. .
tlulieral Motors pf.
12
7j;
lb
a4'-j
O'JJi
S0?V
4
127
7U,
-1j!
SiH
SI
117
115
12
-is;
lb'.
Si
21 J i
41J
40' i
VO.'i
102
Mi 5
"oil's
02'.
UUli
IP,
12
.IS
Ill
10
i71'i
(1'4
1)7
bli
blk
2j.';
bl;i
SI
10.1
21)
.2
SI
21'.
41
40',
201.
nu
Ufi
:u
to?.'
IT
Il'i
12
48
17,'i
14
ij
12J'v ,
Wtiith P pf IS... 00
Wheeling . i.it u i,
Wilson & Co .... 5S
West Paclltu pref. uo'i
Will s-Ot el land .. 21'.
WllUs-Otcrl'd pf. bl'
VH))i
iiuiJi Woolttorth Co
Sl4
to', i
n.
72'il
71.
K'l
14
15
0.',
5S
GO
24
uG','
Of.
40! i
25
iO'i
10Ji
40'J
14
45
OS !ite
AS 51
00 00
J3 IM
sleHd.t
basis or
middling, old contract
e.tles Were 2000 bales
",.,:.'. ----.--.. ..-.-1 jin.. ,
wiiii pric-ea eusier on ine I Mlaiwh K,ti.lii
decline of 31 p.tinis for I Mimtana 7. .. .
at i3.ti3d.
ales. Ileceiti.s
ls.iMiii i,aie. inciuaing i7.!ino
The North
vcre
.it"
.it
.on
t.ales
American, futures were ateadv In the
early iieniings. spot
North Mr .... . .,.
llrtiue Eiiln os
iil Km! S7
llill.tlFIKM) HTlHJK!
nrlce, follow! i Aiiut. . na
American uilddlliiff fair 24.1Kd : ronil I nine Uull
middling 23.d; middling 23.Kd; Ion """
middling 22d: good ordinal)' 20.41d: I !"'!n,f " " "J
oidlna.y iMid. ' j-""" ' ' ' ":::: :!;-
railroad KARxiKfis '&$. '.'.'.::'::. m
HT I.OUIS KOCTinVKSTEItN IIAII.WAT MIScT.M.ANKOfS
1tls tnrr,aa, i Aritii t'nlteil is
hecnncl fek Octuber. . lllTll.1100 ll2,oriA Nta.1a Wuniler . .
Ie,'ri.ase. Tecupa Mlnlua 12.
, f Intl.. Oct 23 - Announcement
thut the war tiarie lmnrd was nteliared
io uonaiufr applications tor inuiiin n- i tue .Miiparo .Alining Companv has de
..Oil I linT" I1(lfl lii n tAiuir li. ..ic .,...-.,,.,- , V,M(.U
imii i net tins niorutng
. . ueen luijiosslnic
-? '"Inaturallt means
,n!have been elilltelv
.,'f, :;, 'tend In conenurnwt llraitlllau shlnptis I
"hate tietit few offers to tho cost and I
" freight market here. As it result, the
tivile has been without any clear line i
on the attitude of Ilnizlllun holders. '
and It Is expected that the ,-ultlic from
., Washington ttlll be follotted by u rc
Jn tiettal of busliieia In coht and freight
coffee Importers who aptdy for these,
us licenses mnst lme their applications np- I
!protid by the fxid admlnlatratlnn nnd i
I'the'r ptirchjti'es will lie under control of '
l lie sugar eiuau7ation imartt.
.No Chanpe In Sugar Prices
New rk. Oct 23 The rfflned aural
market remains unchanged, ttllli local
tvftnerM nllnttlif- II. le.3, 'J nee rnt fne
ner cent for
conditions
lw are un-
eentrlfugala.
MIWiiiWnilimilWIIilllM
QUICKER MONEY!
mi
1 ml
nl
UOVERNMKNT HOM)S
'". I '. r,aiier,'.l liao .
.1.. I - I'wuvnn ls
IS . reauternl. llits . .
.,; .1". rounmi, tins
, ',!? 4. rr-al.trred, 1H2S .
"J In luupnn. 1S2H . ...
.I' , .1,. rr4tlter'4. IlKO
" 3,. oupun. 1U4II
I'miiinu :,. rv . Ittao
Clllrenaini. '-1m rrr.. ISIS
'. I"i.ninn S. re , IM1
14 I"Mniimu 8f curan . .
ltd
lis
!lfc
py.
!IS.
Inr.'i
1l"l'4
ss
l-.t
is
s
sr.
SA
Ail.td I S
107 .
107 I I
AW York Bonds
Low 2 p m
f'u'l - PH.
SS 8'
104
92 U
SO
S6
86
9',
93k !
flirt .vnxteeiluv'nuit" Otter h-aM at fiNUe, .
li:fiibiSrViii1ufled nt 7',j 08i,vkt ! Ooodrlch It !' Co. o
IhtrtlflbrtLagAlnM s'ili bt -tint 'close Oratibv Consol..... b4 .
estSt'nfl iJtltuu.'iiriK'-c8';'c re- u N 1rv,0!?,V wit!
fedtirfattctHH" ,'-. ?9( ' (Jttene-Cuh Cop.. oOJ.
m&V-'-'i i 01111- Slates Steel 7
- ,' MnsKPi nuini tv
!
nlu.
crs:-r,i1)x)ii1tY'''iio' "a slow
to tuitiicictir, jVurgi pacp. .
0 tug I
"T", ;4yi ( iaihv "fy. ,
Hejyfliit!i .of. Mrltea 4.1 Mliuicttpolln tp-i ,... Agilcul Pf.. o7'J
Illinois Central 102
Inter Agilcuituiai. i.
HI).' 30i MI
4ti't 1U7J HJfi
i:!U! 12i' 128
7U 7'J 70
55 55 55
8,0 ,Mt H1H
:ii :ii!i aa.'
50 o.V, 50
71 71 71
.p) 40 40
lb2.' 102 ' 10.'
5SI,
&V.
8',
:i7
J'.'i
agaltttl 526 earn laxt I lnsiilralloti Cop.. . 63 i
jearj.'al Vul.utlt, ,9, cnis, agaJnSJ 164 1 mterboio Coiisol. S'l
irJ'. at VKii'Jkqr 1,82 vals. .arfalUstlia ' mterboro Con pf. 7
cafs.. and .at Wlnnl.'ieg 1028 cars. com. I ine M..e Mar.. 31L.
pared ttlth 810 cars. inter Met- Mar pf.l22t jjM's
Lrs'lilig futureK ranued h fullowa; Inlcr Paper . . W ;
Com (ne -.lellierj inter Nickel -H .I
I '-','. 1.-.-4', I 23 ? KelljfSprrngf ti .
1.20', l.'.-i', i.-jiii, 1 Kennccott 1 opper. dS' .9!
Not1.
Dee
Ouls
tst .
Nov',
Her
laird
Otti
Not,
Open I Huh.
1.21'a I 2.1
I 22 1.22
1 Lack SUel
I.Sli
.117'.
'is 1,
US',
UTS
..s
ill.
its',
07',
Jaii.
ill
j.i.i;.
tu.-
ot.
Nov. .421 4.1
Jan. vil. 1111 ;
I'ork
Nut" 1
Jan . .
Hid TAskf.1.
21.4.1
SS.I7-
. . . t2."..T7
24 30 124.211 ti'4 115
2S.S5 t23 U 23. 12
. . 121. SO
. tSf 1llt2l r.o
' HO 20.45 20 1 31 20..VI
' I :..v,
13S..20
..Nominal
711 70
2-3 ..
tu;,- OS'i
10 10.' 1
102 ...
12W...
M't
Oo'i
b .
1(7
;u
12 Us
'j-ih
iSr't
00
ii'J'i
70
67i
55'
,P
111
122',
3o.'
32 ,
21
o5
lib',
70
lllctl
SuOOAng-french 5s fti';
25000 Am J-'or Sec 5a H8V,
iSuOO'Ain Smelt Sec is lot
2000 Amor Tel 5s.. !2,
IDOVtiAiiicr Writ I'ap
5s (10
2000 Halt Sc Ohio 5s 86
,31llU0Ualt A. Ohio (v
1'aS ., . 85
14000 Ilrk ltap Tr 7s Sfi",
ISOOu llordo i's . . . !'S'
, 8000 Ches & Ohio ct
4'is 79s.
ISOOOi'hes Ohio ctm
i's 861.
14000 I'M II & 4s fi3,
6i)c'Chl Mil 4 St P rfd
4'irK 73
1 0000 (Jlil .till i t conv
5s 852
2000 Chl Mil & St P
4a l!25 .. .. 81 S
13000 Chl Mil & St P ct
4'jK . .. 81'i
20uOCIil II I & V
rfd 1s 73S
4000 Col & South Is 86 V.
.umij i-oi n .-Sill 4'S 1. 71
loOO Con (las com"
6s 104'- 10s 104 -
5000 Den &. Itlo Or
4s si
fflOO Oct Tun 4 ',s 79
1000 Ills Se.- Cor 5s IS'.
200U Do of Can 1C31 95'-,
12000 Kr1c tsonv 4s
Ser A . . . 31'j
1000 Uile conv 4s
Ser H .... 31 '2
1000 title conv 4a
Ser l . . . 63
30O0 Krle gen 4s . 50ai
33000 frent 11 ncpublle
5is 102-
8 13000 II A- St rfd 5s 64 ',5
1000 Iowa Cen 4s. . 40'i
I'OUO 111 Cen rfd 4s. 83
3000 do Is 19S3 76
SK OHO lni It T ret ,'m S3
14JUO0 Int M M s 104'- 10S,
1000 Kan Cit T 4s. 26 26
3000 Lit S deb Is '28 86 86..-J
13000 Leh Val let s lOO'l 100V
103'
92',
90
85'x
R.'l'
96 U
99'a
79;
86'..
3,
73
50'x
84'
S'l
73
86
69',
79
85';
95
51
51 4
tr.
59,.
102'i
4V,
4'i
s:t
:
a
l
S5'i j
84': i
81
73',
8O4
69
79
85 'i
93 U
5L1
ut'c
55
56 f.
ss.sn
;.
l.tn
D7.K0
S',10
99't
9'1's
88 v
liS'i
L
Financial Briefs
Kmpl0e of rallro'ida under feder'al
c-otitl-ol HUlitcribed not less than 1164,
992.15U lo the fouith Liberty Loan,
This total according lo Incomplete re
ports rtceled by the Itallroad Adnilu
latlallon, tvaa dls.tibuted among 1,612,
694 persons.
Leb Hub & ilr.
Lehigh Va le . .
Looie-Wlleb Is
Lorlllard P Co..
Louis & Nash...
xlnvu.Ml MtltOlS.
Maxwell M 1st pi. o,;,
Maxtte'l M 2d pf. J
1 aiay Oepi Stis.. 08
Miami Coppel1 - 2s'i
Mexican Petrol..
' Alldtale Sltel
.Mo Uari A.- Tca
. Mo Pacific . .
lo Patlllu pref.. 8)
National Acme ... 31
Nat Cond At Cable. lb
Natlonal Un & S. Ab'i
National Lead ... 01 4
' Neada Con Cop.. 20.
N y Air Brake. .110
V .V Cenltal .... 81,'
! N YNHkU.M. '
I N Y Onl'i West. 24 ...
v est . 1 iv.-, 111
02i 02",
40, 4U,
0).', 0.1; 1 IKVi
155
,
2b't
too
7f
101,
2S'i
15 1
17.-.
4M
For' the first setehteeu dajs of'Ociohep
aal of iir (rating and thrirt stamps "N. M
1IUUUKIIUUI 11117 VUlllHI J linn aTSJD.Sl ill.BHll wa -" '- . .1,
and tor the llscal jear te date 1184.- Northern I'aotnc. uo,.
141,424 . ')hlo Cities Uas.. 4.-4
Ontario Minlug... .
Tfliete lli be a special iiiecling of th- 1 Owens Bol Mach. 001 ,
stcifkholder r the American Metal I peclnc alall . ... "0,
.Nunpatii pa November 22 ror the pur- 1 pa,.m P& T pr 114
poi of voting tilion the dissolution of ,,,,,, - n 47f.
thttcoipoiutlon iK, tt.i Chl. i74
The Sup.eme Court Of the fnlted ' Pl, ",,QPVf "f.V " i?i''
Stiltea has denied the application for a! ' Main PiW lL- 1j,
special i-i it or ctrtlorai I asked by the Pierce un
Peniu- Ji aula . I UUliotid ('.oninanv In the Philadelphia Co . JJ1
.. . . t.. .... ...... 1. ,. ..-... -.--: , '...
b2.',
U!i
05." I
44.','
33),
lit,
4U
57
15. j
lb
' 1
S2',
u
HI
05' t
lUi
2!
m
7.',
27W
k
1
'bl'.'l
41i
111
I5jj
44J,
3.1,' 1 s:ih1
llt.'a HU
iU1, 'l).
All. 5,1.
isJilaJj,
IS IS
aafj :i2f,
in :"r""e iriiiiajitaiiia 1 auai toni- i.iilht & west vu.,oo;i o.jj .i,;t iif J,
K"the,,dfol,'1,;lar d'i'sVr'ibu.fo0,, xis" pf,,,5iv ,,,",, wl" luu'
lieisnaarv fnr ll,b
inastrf IdVlIold another meeting In order
tn accept pi our or cettaln bonds. The
Philadelphia Trust Company la deposi
tory ot the bonds and further Informa
tion i an be obtained, ihere. -
Plilladelphla Kedel'iil Hunk has
W Uil.HHI
Tll
OS
24J.
Hi
OS
i.nlimuh Co .K..1207,
y Steel Spring , l)8, L8
Itay Consol Cop.. 2U,' 24j
llerdlng . .WJ IH1
Headlbg 1st pref Uii.w .,, ,.,
Itepub iron & Stl SO MJ1 bi.'l bif,
Itoyul Dutch ....120 ,.v
lil.o
07.16
Bt.ia
BJ.04
99'b
99 ,
r.i4
88r
18 '
SOU,
'.19 (a
102N
-4i, 1
83
's 1
83 j
104 'c I
2C
86 5,
lOoH
SII.BO
HT.flg
1.10
97.20
7.01
99'v 1
88 14
9S'a
99 i
si", :
NEWCOMERS IN
PHILADELPHIA AND VICINITY
are invited to visit our main Banking Office,
1431 CHESTNUT STREET
located in the heart of the business and financial district.
Or, if more convenient, either of our Branch Offices,
6324 WOODLAND AVENUE
152 NORTH FIFTEENTH STREET
We will be glad to serve you to the full extent of our
Banking and Trust facilities.
"Genuine Service in a Friendly Way"
LOGAN TRUST COMPANY
OF PHILADELPHIA
As in trust ian
tu 1 ollrct the
letoiiiils 110 1
sell lit, thrir it
no 1(60 distil) ti
inn your cus
tomers tilth no.
the 0 the sate
oj their .!,(-counts.
for Manufacturers and Wholesalers
Worth 520,000 to over $1,000,000
MlllimilTOlM
On a risjiiR market for commodities, money
with which to purchase same is worth much
more totlaj than it will he 60 tlays later.
It isn't what nioncc costs jou, which you
must consider, hut what you can make with
it out and above its cost.
It' )uu cotiltl sell jour merchandise for casli,
in order lo rc-huy and re-sell similar mer
chandise ami make another gelling profit,
on could aft'ord to allow a discount almost
equal to the amount oi your turn-over profit
on merchandise sales.
If ou make, say, 5ri net. on your turn-over,
ami jour accounts arc paid oii an average of
00 days, j tut can make more than S0rr per
annum on the cost of our moncj" by selling
accounts to us nut instead of t ailing until
j our customers paj you.
Certainlj jour cicrlit should be improved, as
jour financial statement would show cash as
an asset, in place of your accounts or you
ttould have reduced your liabilities and owe
that much less tnonev VOL'R NET
MORTII IS NOT RKDUCKD BUT
SHOULD III. INtRI-ASMD DV ADDED
I'ROriTS.
mwmMmmmmimMmmmmfmmmmmm
Commercial Credit Company
Cash Capital X2.250.000 Surplus $430,030
IIAI.TIMOR E
UiMirr.-n'Mf'tl at
Plltl.AIi:LIJllA .'1 2 Mock K hante-IJJOr
m
't'honp lAXimt ullil
SK'V YOIIK
c Illl'.Uili
I'l.VCINNATJ
HOSTOX
1 gHMBaWWil
r-'
w.
I HBO I. Ill llll Slit
B0080 tin e, 4, .
0000 llu Ut 4, .
'.'030110 do 4',
A1K0 do2ll I'.s
37000 l.jony Cs
.toon Marseilles "
2.0oo JIo I'jc tin 4s
5000 Mo lotitr is.
-noun V v i' II iir
2000 ,N V (' 41", na :,
4000 do I'ss 'Of, 9'.i
(iOOON Y N H L II
4s 1956 iV
400 do s ''s
BOOO N I, Tl Kii 4',s 8S'a
1000 Nor l'at 4s .. 15'
1UO00 I'euna k ct4'8s 891i
. SlOOOI'lerce till 24. 89',
SOuO t'ub Ker N .1 is T&
BOOO Ileadlne lien 4n 84
lObO Hep IrJt S Us,. 9S'U
10000 SU.&SK SrA 4s 62
4000 stmiili llfl! Sh . 91
1J9000SOU I'sc t flatOl11, lot's 101 'fc
1B0OO do ct- 4. 44 4 S4
1000 do rfd 4s . 2 2 32
1000 SoUth Hit is 9&'i
1000 Texas Co tis .too
28000 C S ltubber 8s 84 ,
3000 I'.S KIeel s f lis US',
9000 Union l'ac Js.103';
7000 do cv 4s . . IT
lOlOOOfn K (It U k I
,s n iir.i.it'o4,ioo, ioo,
o B'ih 1921 9S'i 9014 9
50', 90CJ
9S.'s
88'-
SB's
S9'
19 ',
78
84
3'r
02
91
9B'
100
SI'i
US',
103'-,.
87 '
59
93 '
8S'i
851,
89 J
89',
78
8,
91',
6'."i
a J
95 ,
1(111
14.
OJt,
105,
87
11000 du
2000 West Clitoll Bs 0H-
UIMDEMIH l)ECLHED
Th Vailed .Wlrn n Supply L'onirn
u,uul nUKrter!" of 1 'k . lr cent on lli
alr prefrrM sioek. 1 r at on Hi
rrfrrr-J and ) rr tnt on tns cutnaiou
ttxU. Bit pW Xaieinber 1, '
Nitaila WnuiWr Mltdns.Coninati,, 111 pr
rent. pnsble Kotenibi-r 21 to Hoik of ne.
or.l Oi toller 81 . . . ,,, .. . ,
Sew I'entrsl Coal C.imp.in. uf West Ji.
slnlii. emlmmuiil of 40 rtnts. w),b.e No-
UfliTSI onlnant Cumiwiii, t per iwit,
butalil, Kotnil'f I'"1 t- flu ,J' f'c-onl No.
trnili-r 1 A UlvWtlid uf U Ptr iBt v ptld
Ian S!i
- f - -
Hijthrr (Us for Uo.lon
tloKtan, IKt. 26. -The petition of Kos
ton Consolidated Has Comfiany 16 In
crease price of fan from J cents per
1000 cullo reet to 11 has ben panted
by the board ot fas and elbclrlc llsht
coinnilislohers. '
UNTIL
A1-'
NOVEMBER 9, 1918
LIBERTY LOAN
4 BONDS
MAY BE CONVERTED INTO
454 BONDS
HOLDERS SHOULD PROMPTLY AVAIL THEMSELVES OF THIS PRIVILEGE
WE WILL ARRANGE, WITHOUT CHARGE, FOR THE CONVERSION, OR, WE
WILL DELIVER TO INDIVIDUAL HOLDERS k'A BONDS IN
$60, $100, $500 AND $1000 DENOMINATIONS,
in exchange for 4 ionds of like maturity and denomination
thus avoiding annoyance and delay.
full Information regarding the conversion privileges and tax
features of the liberty loan bond issues will
be furnished'upoh request.
MONTGOMERY & CO.
1M SOUTH TH TMEET
IHILA1.ELPHIA
11 WALL STREET
NEW YORK
, GOVERNMENT SECURITIES DEPARTMENT.
TELEPHONES i BELL, LOMBARD 43J KEYSTONE, MAIN 2M4
MEXICAN PETROLEUM
WHY IT IS
A GREAT PEACE STOCK
C. W. BARRON says in his book
The
Mexican Problem
"Xo country lit lite world nevds closer rela
tions with the oil development of Mexico than
the U. S. The fntttrc demands not only redemp
tion uf the Mexican man of the soil, but the re
demption of the American farmer as well.
"Tlie redemption of the 'man with the hoe'
will come through the gasolene motor that will
plough Spring and Fall, cultivate all Summer,
chop wood in the Winter aud not 'eat its head
oft'.
"Their conservation is a world-wide neces
sity. Their protection is the duty of all nations."
In this book Mr. Barron also describes th
great future for oil in the uses of the world.
With Map and Illustrations $1.00 ntt
:4
At iH IfltkseHtrs
Htuflhttn Mifflin Cf.
Publlihar
Send -Orders to
PHILADELPHIA NEWS IUP.EAU, Ind.pmtoc. $, CM
i2
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1 1
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jtserv
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Saxon MultfT ..j.
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Oilier HntncUl New, on V$$t
y. If t-
JIM A mjj1WK iA'