t
,
mv " i
h $a'piTALS5oaooo,o(m
f SURPLUS (EARNED) 1
f l $2,000,000.00 JI
Your Widow
should not have to bear the bur
dent of your Estate at a time
when she is least able to do so.
v
Therefore, you should make a
will and give her the protection
of a Trust Company whose sound
standards and conservative prin
ciples will safeguard her interests.
"TfVE COjyjIALLY iimite you
to consult 'our officials freely,
vwjthput expense, about your Will
'and to consider the advantages of
'appointing this Company "yaour
Executor anjJhTrAjstee; Upon re-
; quest our representative will call
upon you.
You Should Make
a Will Today
Service and Stability
Incomes
Collected
This Company will relievo
the investor of the details
involved in the collection
of income. "Will attend to
the collection of interest
on mortgages, bonds and
all other forms of Invest
ment and render state
ments as desired.
Advice gladly fjiven on
stability of securities.
Takes complete charge of
estates.
Integrity
Trust Company
Fourth and Green Streets
t
Capital
Surplus & Profit ,
, $510,000
.$1,610,000
What's Coming)
This Fall?
Will prices rise further
or drop? What's the pros
pect for Christmas busi
ness? Where will Labor's
riext move take us?
Business right now stands In
a peculiar position.
Babson's Baronleter letter of
Sept.2, "What's Coming ThlsFallT"
goes straight to the heart of things
and outlines the Inevitable trend
of events so clearly pointed out by
present fundamental conditions.
A few copies are available for dis
tribution to executives, gratis. A
request on your letterhead will
bring one.
Address Dept 4146
Bilipn'i Statistical Orftnization
Wellesley Hills. Mass.
The Largest Oraanltatton of fa
Character in the World
LIBERTY BONDS
BOUGHT and SOLD
Any Denominations)
Samuel K. Phillips & Co.
sot crrESTNpT stritbt
Ifaanssrs Philadelphia Stork Kxeouujo
A Complete Federal and State
Tax Service
NATIONAL TAXAUDITBUREAU
Tax JSiperts and rnblte Accountant!
ion Colonial Trnst mat.
Market and 13th Bla.
Sprnea 1075 Ran 90 a.
1M.iWMSiMSM M 1 lj
FINANCIAL.
nivldenda
THE ELECTBIO STORAGE BATTERY
COMPANY
Allegheny Avenue and I8th Street.
Philadelphia. Sent- a. loin.
The Director have declared a dividend of
.. Ylnllara (C2.0O) Ter ahara from th n
-earnings of the Company on both Common
and Preferred Stocks, payable October 1.
'lDlv. to stocKnoiaera oi renorn tt me close
ot ousineso un ntimtHwr u, iifiv, iaccas
will be mailed.
WALTER O. HENDERSON. Treal.
Propoaala
DvnpnNAU FOR ClAfiOLlNK. nrtja awn
OREA8ES Raw Materials Dlvlalon. orfle
plrector of Purchase, Munltlcns Building.
Washington. D. C, Healed propoaala will be
receive here for furnishing gaaollna. ksro.
iember and Decernber. 1810, until 10 a. m
September 18th. 19IB. Instead of September
ta. aa previously atated. Further Informa
tion ra application.
ftntnHAT.fl VflR CRAVATS nrevnw ..
t rertor of PuiThaae ?c. A IS. . Dlv.. Purchai.
.Inr Contract 8ectlon). Munltlona Bldg..
JWaahlne-ton, D. C. Sealed propoaala. In trlpi
t..... will ha. MP.Ivfl K.'aK.. -.-- "V?7
i lleate, will be received at 'above onie. until
( lltOO a. .. September M. 1910. for furnish'
tine wu.wu w f-rupoae.ii rouat bear
guaranty of 10 par cent. Proposal blanks
' J and Information aent on application-
PB0P08AI.S FOR ifttEDfllNO U. B. Enrr.
if Offlce. Old Federal Bid.. Wilmington.
it 'j Tiai Miini ui uiruaau mil rut rauviwaii nana
l ...alt 11 a. n. flot 1ft ID aim .. ..j
for ursdglni Cooper rlvSr. N. J., and Chester
rjvar, K. Further Information on applies.
, tlon.
rartnerahlpa
I-) MESSRS. MONTGOMERY CO.
1 ' announce that LT. COLONEL. IHEdnnnn
KOOSEVEI.T baa withdrawn from their nrm
i ; a a a partner and that MR. JAMES H.
i PERKINS has thla day been admitted Into
Ihelr Arm as a partner.
September 1. 1919. j
!Si5- ,i th t-i'phII!lPhla. Pa.
14 Wall at.. New Tork. N. T.
10B B, La. Salle at.. Chloato. III.
flpetlal Tueetlngn
'- llSfA SPECIAL MEETINrs nv tii
jKi Stockholders of the Bank of Cora.
jf oionoiaer oi ina Bank or Cora.
O jS?"? f11) bt ,ht Dofd of Dlrectora for
f" jTtMadar.' Saptember II, 1910, at 1 noon, to
, 4ajnldr and, yqto upon a resolution adopted
1
Mara or oirMtors for th conversion
.VSZSkiZT" mr maatwriM
Hecker & Co.
Bankers and Brokers .
Members of Philadelphia and New Tork
., Stork Eichanrea
tt. K. COR, am ANll CltEHTNtTT BTS.
Beidler & Bookmyer
General
INSURANCE
BROKERS
424 Walnut Street
rombard 1047 if0(i 433
New York Office
95 William Street
Insurance Company
of
North America
Fire Marine Auto
Oldat American Stock fiwuaonce Co.
, Founded in J7St
Home OOlce Third and Walnut Sta.
Uptown Office 210 Real Eatate
Trust' .Bulldlnr
1817
1919
Association
OF PHILADELPHIA
N. W. Cor. 4th & Walnut
Has given Its policy holders solid
Indemnity for more than one
hundred years and has never
bcen.no strongr financially as now.
Have you a policy In this old
and reliable Company?
CHARTER PERPETUAL
Commonwealth
Casualty Company.
Oldest Philadelphia
Casualty Company
Assets $700,000.00
Automobile and Teams
Accident and Blckneia
Inanrsnc
Attractive Liberal
Bates rolIelM
Prompt Claim Service
Aafc your Broker for
Commonwealth Protection
Call, write or phono
Drtxel Building
WILLJAMS
"la WALTON
General Insurance Agents
Nos. 416-420 Walnut St.
PHILADELPHIA
$5,000,000
East Coast Fisheries Company
7 Cumulative Preferred Stock
' Full Paid Non-Assesablo
PREFERRED AS TO BOTH ASSETS AND DIVIDENDS
Redeemable, in whole, or irrpart, at the option of the
at $115 with accrued dividends
Registrar
Equitable Trust Company
New York
The following is summarized from a letter from the President of ihe Company:
The East Coast Fisheries Company is one of the largest fisheries produc
tion companies, engaged in producing with steam trawling vessels, a
staple food in continuous demand in the markets of the world. Upon
the early completion of firm contracts now placed, the company will
become the largest producer of this staple product in the United States
with the largest standardized fleet' of steam trawlers of the most mod
ern type. The Company's operations have been uniformly success
ful with earnings substantially in excess of dividend requirements. The
Company's profitably operating equipment is being enlarged with the
proceeds of this issue, by the addition of new steel steam trawling
vessels, under construction, and to be added to its operating fleet.
The Company is entirely free of bonded or other indebtedness. No
bonded indebtedness can be created without the consent of two-thirds
of the preferred stockholders.
The 7 dividend on this issue has been regularly paid.
I.
7 Wall Street
Boston . Philadelphia Pittsburgh
All ef Ike al0T Sns KatIdj beta io1I,jt.ii adret(EimcDt appears at
e.C t.Jftl,
EyiSmmgJPigBLlb LEDgBR-HkAELaiA, TBTORSbAY.
SEASON'S LOW MARK
TOUCHED IN CORN PIT
' L
Buying Powor Limited to Shorts,
but Causos Fair
Rally
OMAIN' DELT -WCATItCU. FOrtCAST
rhlcaro, Sept. 4. Illlnolrrt cloudy
tonlaht and Friday! onirr tonlrht north
eaat. Mleaourt. lowest Houth Dakota. Ne
braaka and Kanaaarart cloudy tonight
and Friday: not tmich chanae In tempera
ture. TVUconaln Fair, tonight 'and Prl
dav; cooler arjutheaat tontetjt. lloneaota
Fair tonight -and pnobablv ffrldar. Korth
rmkota rr-t cloudy vnUht and FtMay:
warmer eaat tonight. Mor&ana and tVy
nmtnir Unaettled tonight and Friday;
probably ehowers west.
Clic.0. Sept. 4. Pricca for corn
coptlnuci their trend downward today,
late months tqichips new low rnnxks
for the Bcason, Buylnc power cenen-
ally remained, Jimjted to shorts, but
this caused, tr falr"rolly from the bot-i
torn. Somti putchnslDp by rnsh hoiises'
.Ida '. J hmIaJ T11A t.(tJn!An n.n
general, rroa after, the marict declined
sW-loss- orders were met wbjch added
to' the weakness. Ttwc- were no fresh
devejopments of consequccce.
Onc-of the bearish factors was a dis
patch 'from" Huenos. Aires that there.
wej-e tea "vessels peine loaded with
cereals nt Argentine ports for the. United
ptatcs. Big o.naotiti's of Argentine
corn nrc. rcachns -tjie United Kingdom
in gorcEnmeat "vrscis.
The' cash article was wenkcr. First
-r-w v,-i -
Do You Wish
You Knew the
General Rules
for Trading?
'J'HE way to place
an order with a
broker? - the deposit
requirements? the
commission charges?
what instructions to
give? and how an
account is opened?
Our Free Booklet
explains this timely sub
ject in a simple way and
gives clear examples. Send
for a copy today.
Aik for Booklet No. T. U.-616
JONES & BAKER
i
SECURITIES
Widener Bldg.. Philadelphia
Pftoiiea Bell, Walnut 6063
Keylone, Race 2290
New Tork Detroit Plttaburcb
Cblcaco Direct Private Wtrtt lioaton
Capitalization
Bonds None
7 Cumulative Preferred . $5,000,000
Common Shares ... . $5,000,000
Dividends payable January, April, July, October
M. TAYLOR & CO.
Incorporated
New York ,
Cfavelanti Cincinnati Indianapolis
hand owners were wore Inclined to s'ell,
and qffcrtngB were, larger, particularly
from Iowa." Tboso who favored still
lower prices laid emphasis on the dlt
ficulty in arranging foreign credits.
Oats weakened with corn and en
countered much liquidation. Many
stop-loss orders were tcached and prices
declined rapidly.
Support was good and reinstatement
of some long lines were noted. Ther"e
was also profit-taking by shorts.
I.eadlnr furiirfta Mn,.4 . ntl.. ..
r....- ;. iV.." LT.l '" "B ."wo.
win viirw uruvrrj--
TMl.
Onpn Illvh Tw ri... -u..
lllgl
sept, ... f.eift i.o4.. too i.eot. i.otu
Dec.
1 30( 1.30 1.27'i 1.281 1.81
uatn
Pept. ...
Sft
es'i
72
6(1 .
09 S
674
70H
?5
Llec. . . .
Pork
Bert
Oct 87.00
iV'.oo
42.00 2.00
35 SO 37.00 ....
ira
Sept. ...26.85 28.85
Uct 20.&0 20.05
Itlba
Sept. ...21.35 21.00
Oct. . ..21 40 21. 50
Bid.
25 95
25.85
20.40
20 00
27.10
26.70
21.05 21.84
20 07 21.45
LIVESTOCK QUOTATIONS
t Chlrwco, Sept. 4. HOOS Ilecelpta. 13v000
head. Unevenly ateady to 25c lower than
yeaterday'a general trade Top. 120.10:
heavy, $17.80010.50; medium. $18tJ20i
light weight $18.7520 Id. light, U8.25
10 80; heavy packing "sow a. smooth. Slow
17.25; packing aoiye, rough, 115 COSflG; plga.
$15.B0ftlH.75.
UATTLU llccclnta. 10.000 head . Native
and western beef aters etrong tj -25c hlgh-l
er. liutchera mostly Jfiir.'jc hjsher. ' Calven
50o higher: feeders jiting . Ueef aUyera.
choice, and prime. $10018. medium m!
good, til ".'WKI; common. to.r.oWll.rt
uoera.
Ight weight, .good and choice. SLS.75Q17.15:
J. lUllllllUll. ... IU.V 11.111.
common and medium. 10.250 lfl. 78! .butcher
Lheltera, $7014.75; cows. $0.75013.25;
calves iwwi
SllEEr Ilecelpt. 41.000. Harly aalea
fat'lamb aieady to strong Top natives,
414 50. Ten cars western straight at $15.15
Sheep steady
rtjtaburth. Sep; 4. 1IOQS Jlecelpta,
2000 .head. Ixwe;. lleaMes. $1U.7520;
heavy yorkers. $10.302O 75;' light yoTkera.
il 10.50; pigs. $18.75(;in.V5.
SIIEKI" AND LAMBS Receipts. 000 head.
Steady Top sheep. $11.25: top lambs. $15.50.
CAl.VES Uecelpts. 100 head Steady.
Top, $22,80.
Kast nulTnlo. N. Y.. Sept. 4 CATTLE
Itecelpts 750 head. Steadv Calves, re
ceipts. 300 head. Steady. $713 22 50.
HOOH Receipts, 3200 head 00c t- Jl
lower. Heavy, $10 50010.00; orkers. $20 50
S20.00. plfs. $18.50: roughs. $15 7518;
stags. $10013.
SIIEE1- AND LAMBS Receipts. 300 head
Lnmhs. 2.V hl?her. Lumbs. $8010 25:
earllng8, $7012: veethets. IP 50010. ewes,
J.ifflO. mixed sheep", $000.50.
Kansas City. Mo., Sept 4 HOOS Re
ceipts. 4000 head. Closed very unevenly at
about a'endv with-yesterday's general trade.
Uulk. $18.25fl10.25; heaxles, $18 2510 25.
medium wights. $18 25C19 40; lights. SIR
S 10.50. light lights. $17.75CMB.75; packing
sows. $15IW17, pigs, I4(MD.21
CATTLE Receipts. 000 head and 000
calves. Irregular. Heavy beef steers, cholco
and prime, $17018.50. medium and (rood,
$13.00017; common. $11.7301.1.50; light,
good and choice. $1.1017.73; common and
medium. $8 75014.10: heifers. $0.13014:
cos, $B 10012. canners and cutters, $3 23
O.10: Mal steers. $13.50015 50; feeder
steers. $9.25013.23; stocker steers. $0 05(8
10 83
SHEEP Receipts. 12,000 head Steady.
25o to 50c higher Lambs, $10 75015.25;
culls and common. $7010; yearling wethers.
$0010.75; ewes. $0.2508.50: culls and com
mon. $300' breeding ewes, JStH,7.', feeder
lrmbs. $1213.75
Kast St. Louis. III., Sept. 4 HOOS Re
celpts. 7000 head. Lower. Top. $10 75;
bulk. $10 25W19.03: medium. $10 J5OI0 75:
light. $18.23010 75: light lights, $18010;
heavy packing sows, smooth. tXb.ZTiKt 10 25;
packing sows, rouill, J13.23014 25. pigs.
$15018
CATTI.K Recelnts 3000 hrnil Rt.aili'
Beef steers, medium and heavy, choice and
prime. ia.uwin, medium and good. Ill (tf
16.75: commtm. $0.7511 light, good and
tuuice, inr 4JW1H.JM, common and medium
$8.75010.75; heifers, $0 73T15.50: cows!
$6.75011.50; canners end cutters. 50B 75:
veal cahes. $15 50O20 50: feeder. $7,500
12.0: stocker steers. $7010.20.
SHEE1' Receipts. 180O head. Steady to
.jinn. .'""!". i.-.i'y i-i to: cuns ann com
mon. $0011.60: yearling wethers. $0011:
ewes, $608: culls ind common, $303 30
Sooth Omahn. Sept. 4. Receipts. 3000
head. Steady to 35c lower. Hulk, $17 250
CATTLE -Receipts. 4S00 head Ueef
steers. 25050c lower: butchers' stock alow,
ateady: stockers and feeders 25O50c lower
SHEEP Receipts, 33,000 head. Fat
Iambs opening sales 20c higher Sheep
steady.
BAR SILVER
Commercial bar silver was quoted In
Xew York today at $l.1ftg an ounce,
a decline of c. In London, the price
was Old. unchnnged.
Board of Directors
Tramfer Agent
Empire Trust Company
New York
a natter of record onlf.
EXTENSIVE LOSSES
RECORDED IN COTTON
Prices Continuo Downward Un
der General Liquidation Drop
of More Than Cent
COTTON DEL.T V.TJATltnn rONDtTtONS
JW Vork. Sept. 4. The followln tern."
&r.l.W w"? "wrdsd In the cotton
Ef" th.!" """Tina;! Oklahoma, rhatanooa-a.
Fort Smith. (10. San Antonio. I.ltils ltork,
Jifmpnls. Aumisla and Wllmlnaton fit:
Montaomsry. flflj Shrsvfport Thomasvllls.
VJar'lon and Savannah. : Vlckhur.
'" crS"" Chrlatl New Orlan. Tenaa-x..nd"ck?nvL,lr.-
72i Oalwatnn and
Tampa. 74. Thi; follow Ina; precipitations
T '.'in"00."1 Jew Orleans, .01s Jauk.
J2 oJ ,04, Pneola. io. Oalea-
Now York, Sept. 4. Fiirtlir-r exten
sive Ioipcs occurred in the cotton mar
ket today under continued cpnernl
liquidation. The break nmounted to
more than n full cent. October falling to
Cn.01. Severe losses in grain and the
feverish condition In securities were re
flected in increased pressure of western
and Wall street offerings, Vihile (.ellinj;
orders came from spot merchants in
the Southwest.
Demand failed to broaden and bears
uho had covered earlier appeared to be
reselling, while the demand from tmoV
sources was too light to make itself felt
materially.
Further weakness In foreign exchange
and predictions of n break in ocean
freight rates, in consequence of the lack
of inquiry for cargo hpace, received a
good deal ot attention.
An eastern bolt spot handler said
that there was little cotton being sold,
either for export or through eastern
spinners, but that there was n fnlr -.
quest for staple cotton, of which stocks
rc iigni.
The market closed barelv steady at
a net decline of 100 to 12a points.
n
Onm
Jli l0
JIlBll Low l.nst
sKS.! Hi!-"' 2!EM
Oct. ..31)10
Dec. S0..VJ
Jan. ,.S(MU
Feb. ...10.411
March 30.4H
May .30.U.1
Hid.
HI! 1
80 10 30.20 2b.L-; CT.'isSyo
in, 53-ii!) '-'""n 24i)
30 20 30 30 20 4,- "t i-.ffiijii
30 28 30.30 2S.52 20 3 53
, NEW YORK COFFEE MARKET
New York. Sept. . The coffee mar
ket this morning opened nt n 21 point
advance, the feature of the transactions
being the offerings from a large Wall
street firm, which sold freely on a
scale up.
Hullish crop advices from Brazil
reached the trade here, and caused
further upward reactions right after
tho call. December sold to lT.S.I;
March to 17.;i.". and Mny to 17.30, or
.'10 to 4S points above the previous
close.
A cable from Santos snid: "Receipts
expected to fall off, being balance in
srior remittance. Crops broken down
JO per cent."
Yet.
Close i losp
17. IS 111 S2
IS. 20 17.13
IR.IIII 17 32
17.S3 17.10
17.70 17 01
17J13 10 lis
17.00 lllll.'i
17.00 10 in
17.31 Dt.lti)
17.30 1II8N
17.43 10 S3
17.43 18. S2
Aujr. . .
kept .
Oct. .
Nov
Dec. .
Jan. .
Feb
March
April .
Mny ..
.Tuna
July . .
Did.
BUTTER, EGGS AND CHEESE
New York. Sept I HLTTUH Irrecular
n.celpts 7S3S tubs. Creamerj , nUner I fan
extras, 3!jOI4c, extra !I2 score). SRi" "
Ilmts, BUJJUr; packlni: slock, current
make. No. 2. 40c
COOS Irregular Receipts. 25,030 cases,
rresh-g-athered extras. OSOSOc. do extra
firsts. 52034c; .Io firsts. 476.116 suite
Pennsylvania and nearbv western hennery
white, fine, to fancy. 72 074c, state, rennsyll
janla and nearby hennery, white, ordinary
to prime. 60871c, do brown. 000"c: do
lathered brown and mixed colors 53i57c
CHEESE firm. Receipts. 0221 boxes.
BtatC. Whole milk fl.-itN. current rnukA una
clals, 31(t3'ic; do, average run. .lOB.IOWr
State. Whole milk, twins current injli. .,.a.
clals, 30H$T3lUc. do, average run 2D& Si
M'llMKB RKSQitT-l
WBHXKlH-iVII.I.i:. 1A.
Open High I.ow
.' .. IS 00 IS 00
17.24 17 70 17 2U
.1714 17 02 17.12
17.09 n'io n'io
17.00 17'.33 17 33
WALTERS PARK INN A
WERXERSVILLE, PA.
Tn the Blue Rldffe. Wonderful mountain land to eSw
roam oer A tcnlc In the air bilnns roses to the cheek ugj
relieves the tired. ThrouRhout the houso our own moun-
tain spring water; own farm fruits and vegetables. All Indoor and out
door sports. Free conveyance to golf course Resident physician and
complete sanatorium department. All treatments and baths Osteopathy
This department In evidence only to those who use It. Open all jtar All
Summer and Winter pleasures. Ownership Management.
Make Your lleaertotlnna Now for
SEPTEMBER AND OCTOBER
THE GOLDEN MONTHS OF THE YEAR
AT1.ANTIU riTY
HOTEL ESPLANADE
AV1IOIJ5 BLOCK ON OCE.VN DIONT
Boato" to SoveralSi A.e Chelae section
Capacity. BOO. Fresh and sea-nater b"tha
sSefaPricarCr "' Orcha"
da"Cln GRAND ATLANTIC v
Vlrrlnla Ave., near rteorln capacity, finoi
strictly modern private batha. eloyator...etc.
notable UW.S J3PMJ up dally: .pecta Wy
auto buasea meet trains, "oo'! "p'siPxw
tels under ownership direction F miaa.
THE WILTSHIRE
Virginia Ae. and neach, ocean ';!
oaelty 350: private baths, running water In
5.! .levator, etc. American , p ar , slal
weekly rates; booklet. SAM! 1.1. '1"
.'.nn.ni nncrnorl i,
HU I CL UUaUDlil- ,,each ,,ulninE from
.o kll tr llklt A tS MAIIIOS.
MnXTCLAIR. X.
IDEAL COUNTRY HOME
Hotel Montolair
SiaXTCUMR. N. .
J10ST PKI.inirTF'M.V SITl'ATF.I;
RKSIDRNTIAI. IIOTKI. IN NKW
YORK'S KVIIfRns.
OPEN THE KNTIRE TKAR
ntKnERiwi r. iiai.i. riMr.N
mi.nwooi). x. J.
Sheldon Hotel """SS;
trio aenlce. D J. WOODS. Ownership
AKROX. TA.
Will take Summer Boardera In my beauti
ful farm homai a-ood food and line location:
also provide permanent home for aaed peo
ple who ar willing to pay for comfort.
GARDEN SI'Or TAI1I.K WATER CO.
Akron. Pa.
WAsinxr.Tov. i. r.
Burlington Hotel
Lena than five minutes from, every thin
American and European Plans
431 Rooms, -222 Baths, $2 & Up
'"; 11. T, MILLER, Manager
I3EP,TEMBER 4 1910
MONEY-LENDINQ ftATE8
NEW YOltK Jloney on call, mixed
collateral, opened nt fi'j per cent; high,
(t'iJ low, 4; last, 5; closed, CtRMi ;
ruling rnte, 5 per cent. Industrials
opened nt O'j per cent; high, 5Vj ! low,
4: last, 5; closed, CTiVj; ruling
rate, 0 per cent.
The market for lime funds continues
very dull, but a few loans were made
toddy, sixty to ninety days, nt 0 per
cent. This money, in distinction to
previous lime funds, is New York cap
ital. 1'rimc mercantile paper is slow, owing
to the limited offerings. The market is
DU !? per cent.
1'iline bank acceptances arc quiet nt
unchanged rates.
PHILADELPHIA Call, 54C P
cent; time, fiMO per cent; commer
cial paper, three to six months.f fi'lfff
r per cent, nnd six months, 0 per
cent.
IP N DON Money is quoted nt V,'s
por ccflt. JjivQUJit rates, short bills.
3 7-lV)(fl31i per cent; three month?
bills. 8 D-lli(ffT!s per cent.
Reserve Banks' Discount Rates
Offirinl discount rates at the twelve
Tedernl Resent banks were as fol
lows :
(The first column gives rotes for nil
periods up to and including a Ufteen
day maturity; the bccond for n period
of sixteen to ninety days. The aiiird
nnd fourth cohimns give the rates for
rediscounts of collateral loans secured
by government bonds or notes.)
t'om'l i ip'r Gov t paper
10 to DP 10 to 00
, 13cla,H iian 15 days dae
rinslon ... 4 fi 4 4'.
Nnu York . t 1'i
Philadelphia 4 4S 4 4'.
nichmoml . . . . 4'4 Is. 4U Pi
flevelanJ 4', t4 s) 1 i,
Atlanta 4 1 4 4'4
Clilcago .4 4V 4 P4
St. Louis t 44 4 r.
Minneapolis 4'j l O," I 4'4
Kansas Clt 4', S 4'4 P,
Dallas ... 4'-5 4i Q:, 1 4',
tian Krancltro 41. Ti P4 P4
FOREIGN EXCHANGE
Now York, Sept. -1. The foreign ex
change market opened weak for the
allied exchanges nnd steady for most of
the neutrals. Husiness was only mod
erate. Demand Kterllng was down
cent from yesterday's final at 4,17
and 4.1St$ for cables. Tranc cables
were steady at S.20 for cables and 8.22
for checks. Lire showed n loss of 1
point nt 9.G3 for cables nnd 9.05 for
checks.
Other quotations were : Swiss cables
.1.0(1. checks R.dS; guilder cables 37 U.
checks 37 1-1(1; pesetas cables ll).I!2,
.checks 10.1.1: Stockholm cables 21.40,
checks 24.2.1; ChrUtianln cables 23.0,1,
checks 22.00; Copenhagen cables 21.70,
checks 21. .13; Helgium cables 8.15,
checks fi 17.
The feature of the market, after
midday, was a further break in French
exchange to within two centimes of the
extreme low record and murks reacted
under the low of this movement.
Sterling cables, after selling down
to 4.17ai. steadied to 4.1S'i, and
demand to 1.17, rrjinc cables were
up to V21 nnd checks Io S.2,'5. The
cloving figures on jestertbiy were S.l(ln
for cables and S.IS1,! for checks. Lire
cables were heavy, nt 11.04. nnd checks
fr.GG. Marks fell to 1. 104.45. The
previous low was 4.
In the late dealings Trench exchange
made n new low record, being quoted
nt u centime under the previous low
which was established i-ome time ngo.
I'rauc cables wereS.21 nnd checks R.20.
Sterling fell to the lowest of the day nnd
murks were heavy nt the new low
record of 4.40, or 10 points under the
previous low record.
BANK CLEARINGS
Rank rlnnrlncs toila comparcil with cor
responding dav last two . pars
Ill mis 1917
Phlla ,. I7H.SS1.-.7T 73 f(i J1JT JSS K.a.oTO
Ilnltnn .-.(1701.731 .14 IM1L' IlL'll 12 701 T'M
V T IVi N41.041 (134 0113,77- (170 773.(11.;
I Baltimore 14.13(1,471 11 s07.UrJ7 n. l 411. T'lu
M1MMBU Hl'XIltT
WiatXKBhVH.I.n. PA.
TIXTir ITV. X. J.
Hotel Biltmore
Rhode Inland Are. near noardwalfc
Opn all ear. Amer. n(J European Plana.
AH outtlde rnoms. Suites with bath.
Orrhcttra. Danclnr. Capacity 230.
Hot and cold ira water baths,
Cpecial Vail rate. Now bnoktnr
niiTamnf: itotri. co
HOTCe
n
Alriclnla mr, nnd tif henrh, nvrrlonklnp
ine nieri iier. mpHfity iki. utery hrn
Ire, roinfort und -rnJorment. Sea nntrr
hatha, prlintc mil nuhlli. Sptrlal Atnrrl
rnn plan 91 up dnllji Knropean pi tin i
up daily. Auto htm tn train. Modern
tnnlo and ciiriitUf Imthn dept, nttnrhed.
HOTEL CHELSEA
OPKX AI.I. ii:r
SEPTEMBER
The moit dellirhtful month of th-s icar
SKCl'Ui; RF-SKUVATIONh
J, II. Thompson & Vo,
cDanon
Vlrjrlnla Are. close to beach and Steel I'ier.
Can. 230. Am. pUn. prlr. hatha, rnn'r water,
eletalor. Open nil enr. J. I.. I.r.r.IIS. Onner.
TMfIv10RE ATuimccnrl
1WRLPS GREATEST HOmsUOCESS
HOTEL CONTINENTAL
Always open Alwass read. Terma mod
erale. Phone or write M Walsh Dunr.n
HOTEL WHITTLE V,or,k .AT"-
. . , , th hotel from
.!? " Plan 11! r,0 up dally European
1 1.00 up. Elevator. Ilathlnx from hotel.
Hotel Deville K'nlwckr At, New, Select
t """ Ocean view itunnlna
water. Baths throughout. Specla fall ratea.
SO week up, THOMAS SI. O'URIEN.
NUTTA! L DJnucTi,r
.... ON UEACH
UM1IIIU AVr;. AHZI IIUAKUWAL.K
New Clarion K-r Av Hach. aaras.
- UNITED STATES GOVERNMENT
LIBERTY AND VICTORY LOAN BONDS
We buy and sell Liberty Loan and Victory Loan Bonds on
commission at current market prices.
Denomination $50, $100, $500, $1000
Edward B. Smith &Co
Established 1892.
BANKERS
Members New York and Philadelphia Slock Exchanges
PHILADELPHIA NEW YORK
1411 Chestnut Street 30 Pine Street
ALLENTOWN
Allentown National Bank Rmxi.
NEW LONDON EASTON
232 State Street 1st National Bank Bldo.
toucatioicq:
llotli Seits
SCHOOL OF
(35th
BUSINESS & SALES
A new course training for positions njj House Cor
respondents, Supervision of Correspondence, Mail Sales
Director8,Correspondence Grides, Letter Executives, and in
the handling of all special correspondence (credits, collec
tions, sales, adjustments, etc.) in which expert letter writing
ability is required.
Write for full information and catalog F-14.
OTHER COURSES
trroiint.iijr C. P. A.).
Adiertlrvlnff.
Applied T,u In fan and MiiPacrmrnt.
Ilookkerplnt.
ItiiH.np! iTCnjrllftlt.
I.iiftlnr nnd Sale Cftfredpondencc.
Crrdits and Collection.
Commercial Uw I. II and III,
ConteynnelriK,
Corporation Finance.
Cost Accounting.
rinanre and Commerce.
Industrial Organization and M una ce
ment. Offlce. Management.
Plan Rradlnc nnd KMIinatlnr.
Realty UroUrruse.
Reporting,
Hnleontanhlilp.
Saturday 'Moriilnc Courses Vir Public
frcliool IfucherN,
TEMPLE UNIVERSITY
Broad Street Below Berks. Philadelphia
SCHOOL
llusiiin.is . vna idliiK unil
The il'iiiand for (U-tlllieil olllee Help t irenienUous. Take any
nni nf our snlpntll.l course U" M.replnc. StenoCTapliy. Sheldon
Salesm:inslilp. Secrete.Hn! jor Typintipif Your sorvlces -Mill be In
Immoillate demand Think of what uu ould like to be live years
from now and prepare But remember! Bua'nets men have no time
tn train ou ir you want to ncuure kuuu li.iik i'uduiuh huu j.y .
tne tounuaiion inr k uuiiiifon ..t. . ...... .. .. ,,M" , cjj'
for It now and here Day School opens Sept 2. Niijlit bchool opens
St 3 BANKS BUSINESS COLLEGE
AN .UTUi:iITi:i" ( OMMIIKflAI. SCHOOL,
919WALINU1 SlKtt.1
WANAMAKER
INSTITUTE OF INDUSTRIES
N. W. Corner H3d and Walnut Street"
Begin Sept. 18, and End April 6
Tuition Coat for the Period
DrnMlnc . . f 8.00
l-nlntlnc oil. alcr nnd rlilna IS 111
KncIWi IjiniimKi- ';'
French or spunl-h In.10
rinno or lolln ; ..
stpnocranliy ndiunrrd ."
T.ricn rlilna only "J
llnokkreplnir . ,. -1
llonUkeeiiltiE. Menoeriinliy and
Tjnenrlllne lomhlnrd 27 n
rillns nnd Iiulexlnc 10.00
llu-In-M Kntllxli 14.0"
lliialiieaa Arithmetic 1S.0
I'rnmanxliln 522
f -(irreolionilenre . ."
I'uli'le Sclionl f-rrlunera li-V.
Pnlille sdiool lllllernte! ... 1.1.00
rrlntlne . . 15.00
lie il ltnt nnd oinei"inrlni! . l.l.nn
1'nlille Swuklne Cer mpnl . . lr..00
rt N'ee.lleit'j'-k unil rrochdlns 11.00
ronkrrj nnd nomeit'e Science . 1J.OII
nreinnklnR or Milliner ., .. 1J.00
Arelillertnriil nniln; jnd Nwel-
flcptlnni , J J J"
"leclionlcsl nranlnB ... In.OO
Mine Trlnt Itemllnc for mechanic. '2.00
Kngravlnn . . .,., , -00
"iVulcli and (lock Mnklnf and K.
nalrlnir j-""
TfleKMi'hv io.".!
ruttlnc Mcn'a Clolhlne 18.00
r T k TlXTTXTr 1,. nvnai-ianna nlr1 riv
Ju-vour' mistakes is too lengthy and j
eo.stly a method. The better way'
is to learn neioie yuu biui. aim
make no mistakes.
COURSES
For joutik men: Huslnesa Adminis
tration nleHiiiunshlp.
for jnnnaj nnmem Serretnrliil, Miort
hnnd mill T.iDev.rltinir.
Send for SSth Year Book
PEIRCE SCHOOL
of Business Administration
Pine Street West of Broad
America'. Foremot.1 llualnetta hrlmnl
Strayer's Business College
Philadelphia's Greatest Business
School
Call unfe or phoif for full particular
STRAYER'S
807 Chestnut St. Phone, Walnut 384
Our graduates are In constant demand for
lood-paitug positions Grogs Shorthand. I
the ey. apeeay iem complete busInuKi
Ad secretarial courses Dav and Nteht
Classes Intensive tralnlns. Enroll
any lime. Call or write tor full
particulars ann catalogue.
rnii.A. nrsiM-.s ctir.i.KGE
anil Collete nf Commerce
1017 Chestnut M I'hllndeiplila.
GERMANTOWN FRIENDS
SCHOOL P'n! S"n " A 'w vacan
cies for earnest college prepar
atory pupils. Stanley R Varnall, i'rincipal.
Sl'ItlNO (iAKIlK.N INSTITU1K
Arts, Mechanics, Klectrlctty, Automobile '
Class, a commence Sept. is. Knroll now Send
for booklet Ilroad and Snrlnc llardtn sis i
TIIK FKANKI.IN lNSTITI'Ti:
hlllOUI. OK MIX'IIAMC ARTS
Draltln;. Math matlcs. Mcchanlca. i
Pell Market 2373 13 S Se enth St
AIIT AM TFXTIM: .SCHOOLS of the Penn
sylvania Museum and School of Industrial
Art. Rroad and Pine streets. Open Septem
ber !Sd. CIrculara on request
$4
l month
Night School gSS,
Hhorthnnrl. Kn-Mti Pinmimhln
IPAUMKlt SCIlOOC.lo H.lOib M,
FRIENDS' SELECT ,
Oa-ths-rarkway. Cherry and letb 8U.
rr:
llolh Keies
COMMERCE
Year)
CORRESPONDENCE
Serretarlal.
Miorlhind (Pitman nnd GresR).
Trntllc Itntes nnd Munaitement.
TipeurltliiR (300 Machines).
Pleipf snd me (free) circular and
personal adlc about course marked.
Na me
Street
Prepare !
reorcanlziiiK in a marvelous way.
E2E2KZ3EJ223SE?:
innc ln itrd Ito,.
The Episcopal Academy
Locuit and Juniper Sta.
fOi UhL "fj
THK -cnool aim ootn tn In
1 truc.ion and tn daily In
tel coursp witn the masters.
is o nelp boss n the Foun
dation at an upright manly
and r e ! l it o i! ) character
Right llvins rlKht thinking
and good oholarsh!p are the
tundamemals
thorough eduration for
toy- G wars to college
AdmlsMon to colleges by
certiflraie ar examination.
Special courses tor busi
ness Lara- athl-tlc crnunds rvmnautum.
roninc wretlinr body culture und.r
dlr-ctlon of Prof Wm J. Hrrmana.
Iter. I'hlllp J. Ntelnmetz. Jr
.. T. n HendmaMrr. will be at
Ihe Academy on nnd nfter ept,
nth, Rpglfitem mnlled on nppllcn
-.1 ii'jii. r..iiiiii .firii, tii.rr ciLa
111 '8tlH Middle 10th; Lower, S?a
William PeiM Charter School
No 8 South Twelfth Street
. PHILADELPHIA
j Tounded in lltsu ..n. t bartered by William
I P'lin on ih eime da hh the city of Phila
dlphla Th I'eun Chatter rfc't -l has main-
talni-d an uninterrupted coviwrute existence.
t During the past U .ar. the u"hool hat
grauuriiMi oer mm puiilo. T wnom mora
than 12H have ont!nJd their 'studies In a,
nre of unherettlps and prnfeghlonal schools.
The unuu4l proportion of alumni yho have
taken on or more unlveralt deffreea Is due
lirel to tho charortei nnd permanence of
h' triirhin-? ntnff nmnhfr'riB oer Sir mem
b, rts of t it's-, the six enlor members have
phen to ttu ii hool an aerae term of
herlre of L'6 pnrs Tor three veara thera
ha-e bevn no (hanBes In th1 staff, aave od
dltlona to m-pt the reiiutrements of tticras
d enrollmt-nt. whl"h h-H already taxed
to rapat-itj the usn huiltllnjf added to e)Ulp
in'nt KiHt jcar Mriffntflcent plavlna fields
of 2'2 RcrcB uford ample fuctlUtea for the
ett-TtNe of a 8i hool of i00
Th L'SlBt ioar IiibIiih Heptemljr 23rd.
The Profpertu for 1D1H 'Jt Is r ady for dis
tribution Mulldlnst) ur oim n for InstctloQ
and oln- 1 0 tinn of pupn. Sei ttmbt r iith.
KI( II KI MUTT (.1 nirRK, Pli, .
IIKnMTKC
FRIEND'S9'
CENTRAL
SCHOOL SYSTEM
V-r'le to V ir H .rtlc nnd llntaa
f Il.r.l.l ItrHTON VI.MI, lrlnrlpal
131 Ii It.irc !.. rhllnilelnhlj. Uleinnlarr
.-ciiot''K in uirfereiit l'arts of the city
R opens Ninth Month 23rU
fillTXt T lfll.1.. IA."
Chestnut Hill Academy
ST. MAIITIVS fllKsTM'T HIM.. IA. '
Preparation for collefci- An ideally locaterl
country day and hoardlnff school for bna
Especially low ratts for flvelay boardera.
High standards of scholarship. Unexcelled
athletic equipment Including; three platna
fields, gymnasium, swlmmlnv pool and recre
ation bulldlnj- Reopens September 34.
Catn1ogua tn appllca tlon
' Yoittir Homen nnd 'llrls
FMIENBS'
CENTRAL
SCHOPL SYSTEM
Reopens Ninth Month 23rd
Write for Tear Book and Italea
CIIAKI.KX Ill'KTON tVAI.HH, Principal
lolli Rare Xls.. Phllnilelphla. Klementar'
Schools In Different Parts of the Cits-.
The Gordon-Roney SchooL,
For nirla. 4I1S Hnrnce HI ret.
General and College Preparatory Co'
Roof garden and Bpn, Miss RO!reT.
BThVRNS. XCIH10I, KMt GIKUt. VA,
Cballea Ajl,. Usnaautu9. Oatu, i
r
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