!--
:t
TStt
y
'fttt-' Tt
fW"''i''yvM;y?gv'' jUiyy
iiii Mil f II , I if
m$mfm&mMmmmm
i
sv
-
cT
EMPIRE GAS
AND
FUEL COMPANY
Bond Secured Sinking Fund
Convertible STx " Per Cent.
Notet to Muture June IS, 1924.
Free- from Normal Federal
Jnconip Tax not cxciedlni?
2T.. rerinoylvnnln tax re
tundrd. Convertible nt par fcr par
Into S Cumulative. Pre
fftrect Stock of Empire
Oas nnrt Fuel Pomlinnv.
Information In detail glad
ly furnished.
tVt'iUTLLlJj
-",-''' ir fir '
NEWS OF FINANCIAL WORLDNEW
5'
, I ii IT.I..L.
, ' JLJALU ? - -1' Oi '
iw-vfii(Njwi'flfMf f(K?
"AND- PHILA. STOCK' PRICES
Trice
07 54 and accrued
interest.
MACKIE&CO.
Invettmcnt Bankers
Real Estate Trust Bid?.
Philadelphia
STOCKS BREAK SHARPLY
ON GOMPERS'S TELEGRAM
Price Movement Was Confusing Bear Contingent Were
Prompt to Take Advantage of Every Opening
New York, Scut, fl. The market suf
fered nnntlirr seirr labor chill thin after
nomi rcnltinK In a fresh wide break i
in price nil through the Hit. The !
cause for the renewed vlipkr-ilnun n-
fouml In Air. (lomticrVs ti'li'Kiniii ti)
President Wilson, which Wnll strict In
terpreted as of highly dUtiirtiiiiK l's
sihillticH. The bear contingent were'
iirnuuil to take nilvnntaire of the on-
l.nrtiinitj. and, as the general list liml' ilivi imlimtlcm
increases In ilit hlfniN. Other rheum -stiincM
contributed townrd enrournKe
inent in making the underljlng position
stronger, but it was obvious the mar
ket hail reached n juncture wherein the
superstructure was considered unsafe in
c(inserutive circles mill the lime hud
arrived fur exercising both caution nml
In plain KnglMi. the
iilrcnih been matcrtnlh wenlteni'il hj
jctPidii'H iolent tiihenul, the whole
iiu.ikct was fiiunil to be susceptible to
the increasing selling pressure
Prior to this bleak the usiinl fever
ish backing and tilling follow ine a(
witnessed jcMwIny iircvailed. There I
I was no settled tendency for line
market had become altogether too one
sided for comfort.
A fm tiier abrupt decline of ten points
in Ctuelble Steel, nccompnnied h sym
pathetic liciiinc.ss in llnldwiii and other
kindred slimes imparted an uncertain
tone to the market nt the outset.
Crucible rrcn creel half its loss in the
ll
. Westinghouse
Air Brakz
I'
I.
A fiftj year old com
pany, whose remark
able record deserves
to be more widely
known amonp stock
investors and traders
Circular A 11 -5 Sent L'poa
Krrjuest
A. A. Housman & Co.
N" Tori Mock Kldiant.
New York Cotton Ilich
S. 1. Coffre Sur ETrh
New Torlc prodnce I.'icb
t hlcasn Board of Trade.
Amtr.rlNle Members of
Z.lTertiool Cotton Asa'n,
20 Broad Street, New York
Branch Office 2." West 33d St
New York CIU.
Mtwrtj Bulldlm, Polla.
ICIlglU (irv. 1ln1.p lint ptinnffns In nthcr nrlil'p
ji-f time, aud altogether the market hod isM10S )(,,.,,m0 increasingly irregular.
small nttraetion for conserintiw trad- inllj)I11P11.Sf motors, tobaccos and food
ers. while the so-called outsiders found i.,,. ,,,,,,,,.. in -,,,.,.. .-...i.-,.!..
:, . , ... ,.i. . , , -.tiii..-...-i'...,. ..-..
' tactors nt woik which niiimicc-ci iinuiini
the nciiuisition of stocks whose inoe
1 incuts could not be explained in the
Might of deeclopraeiits or b filliclu
i nirntnl conditions.
I The nhrupt e becking of the spec turn -'
lar triiilmg In the pool and cliipie issues
logimllj iirotoked or lmule nccessarj a
'gie.it shifting around of commitment
Ifioiu one group of stocks to another.
This, in a measure, accounted for the
' confusing priip movement.
The dii s news was faioruble again i
in s,i far us the market Mas nmcerned.
.Tin. tinlroacl Inl.c.r eiitficiilties seemed I
to
hne elejred up suflicientb as to
These reiprsals wpre offset by a rnllj
I in I nitpcl State. Steel and the greater
sttength of oils, iiotnblj 'Mexican
I Petioleutn which crcisseel 200 at a gain
l of (! points Advances among shippings
I were extended and scleral rubber is
Isius imprmed. Keystone Tile proiing
in marked exception nt :i 4-iioiut decline, i
i Stuiiebaker and (Jeneral Motors led an- j
other setback toward noon, which re
i stilted in increasing fcverislini-s in thci
afternoon. t
Local tractions became nctiie. gaining
."I to 4 points, but this moiemeiit unsj
iminedintcli followed bj heal selling
inf the general list nt extreme reactions
., . ,ii f... . f,,i. ,...., .. ...
"," "'""""r1"1 f,U,"r ,,'S 'KmYn't t.lb,,(l to latest labor deielopmeuts.
tii,.,,,,w fi.im n scttiineiii new noiiii . . .
weie announcements of seictul moie P"
i tie i. hilly
the steel iudustri.
STOCKS IN SUPPLY
MARKET
SUFFERS
IN CURB MARKET FRESH LABOR CHILL!
Many Issues Sell at Conces
sions, While Others Show
Pronounced Strength
Mr. Gompers's Alarmist Tele
gram Gives Bear Contingent
Fresh Advantage
MARCONI IN BIG DEMAND BREAK IN THE AFTERNOON!
1
1'
'
I
Some Desirable
Bonds, Notes, Stocks
We have prepared a list
of securities which we
have found popular
during the past few
months with both large
and smajl investors. It
might prove interesting
to those who cannot
keep in close touch with
securities to study the
investments included in
this list, copy of which
we shall be glad to send
on request.
Hemphill, Noy
Neil York. Sept. .". -The liroud
J Street Curb market mined in a fur
more orderl.i manner than was c.xpce teel
when the wide moiements nnd unsct-
, tied conditions on the stuck exchange
i were taken into consideration.
l The mass of stocks were in supplj at
c iincpsittns, but main issues showed
pronounced strength with some selling
at the highest pi ices tuj hid in u long
I period.
I This was the case ttith t'cisileu Oil
In which the sales were on a luige scalo
at Jll8 and 11 U during the foieuoon.
Marconi, of America, was dealt in
on a, larger seale than has bee 11 noted
since the aetiic war times, and ud
innced to ll:l. American Ship and
Commerce was licavi during the fore
noon, falling from :!7lj
Iatr rallied to aboic 117.
INUfHTKIXI.S
res & Co.
Xtemhers Xeto York Stock Vxclianoi
Franklin Bank Bldg., Phila. '
New York Boston gcranton I aii KSSi"'
i Amtr Marconi
.mt?r hlp & oni
i mpr Wrltfn P,ipr
Air Reduction
Oanatlinn Car t o
Can Cur 4 P prf
' Carbon liiil
. Curwn Tool
, Chnlmern Motor,
Chevrolet Motors
Coca -Cot a
1 Cramp
I CurtUfl Aeroplane
Emerhon Phonottrripti
Hall h cndl . .
I Hejiifi. Chemical .
Hupp Motors
Inter Motor
1 Inter Products
) Inter Ilubb?r
; IHlrt Torpedobout
I Lehich Coal Sales
I IJbb Mc.V L Llbby .
i Jlma Ioco
Martin Parry
. N Y HhtpbulUllriff . .
J North Amer Pap Pulp
Otla Kleiitor
Pecrleni Motor
I Perfection T U
Philip Morris ...
Poole lnc
PrtMBinan Ttr
Saold N Y
, .savotd Ohio
Hrripp-Hooth
Standard Motors
' .teel Alloia
Submarine Ho it
Pnlft International
Todd Shipbuilding
Trlancle Film
United Motors
United Proflt Sharing
L S Steurnshlp
World KUm
Wrishl-Martin Air
to )."i. but
Allis-Chambers
Progress and finan
cial position of this
large manufacturing
enterprise outlined in
the current number of
our Market Review.
Allied Packers
Analysis of the com
mercial possibilities
and the financial con
dition of this leading
independent packing
organization.
Sent on request for L-431.
HUGHES & DIER
Jlfmbtr. rhll. htcirl. Kichati
i ChlraKo tlonrcl of Trnda
1435 Walnut Street, Phila.
S'ew York Office SO nroael Ktrrtt
nid
lu
mi
Ti".
si
1:1
f.T
as
Uu
..no
a
. ',,
L'30
.11.0
s
AhkcJ
10lj
eloae
(xalc)
104
lilt)
11 r.
ii,
.ton
3!i 4
ion
1.1
cl
s',
12
. ill
'. SS
. 211
111
. 211
. 52
. 44
lid
. 4r.
. l'a
. 12
311
11
. 2U
24
.in
l
3
11.
r,7
no
uu
2S
MS
an
"i'.
n.-j
47
i'i
1.1
50
s
r.u
&
:
143.
"a
. so
lSVa
SRI,
STAMIAIID OIIH
Illlroi.
Ohio
. I'ralrfe Pipe
S O c'nlltornla
I O Vew Jeraf j
I ci New York
..182
.373
2KS
. .2IIS
I.K7
394
ISs
3 SO
290
3110
K(I3
399
THE STEEL & TUBE CO.
OF AMERICA
7 Cum. Pfd. Stock
Amply protected by earnings, aneti
and unking fund.
Price 98 and dividend to yield 7H
Circular on request.
Tdwnsend Whelen & Co.
60S Cheitnut Street
mil. Rnh. . Kler. 5. lOflo
, illsrrUlniric I.liht & rr. lref erred
Maidara ( El". C on... J'U. t. Uoaib
Auierlcnn Rllr Jr. ISM
.Autocar . I"!l
M'Cown&Co.
toenat M04 Land Title Bldg. Rare 4ld
, Hue. York. Tel. Connection llanoi.tr S161
, : a
INDI-.I'KNDENT Otl.S
UU
Allen OH
HoHton Vu
Ilr.i2.i Oil
Coaden I co .
Kile llaain
Inter IVtrol
Island Oil AT . .
Cllenrock Oil
Home Oil
Houalon Oil . ,
Mtrrltt Oil
Met Petrol . .
Mldneat Oil
Ohio Fuel .
Omar Oil k Gaa
Sapulpa Ref ....
Hhell Tranaport
Sinclair ...,
Sinclair Quit ...
Houthwmt Oil . .
United Oil
- j
Hi
2S1;
.. 111, in. 11
s; in, i
301, 31 31 'i
7'. 7a 71,
. . S'a 5', B,
. . 20 20U
..10", 120
. 24 4, 2.11, 2.1
S'a 2J 24
.1KO Ihl ISO
. . 23 29
. . 65 67
t; ts 71;
.. 71 7P.
. ST4 SO B7a,
.. US a .lilt; 3S
2" 27
l'a 1.
Corporations or Individuals
Ae.lrlnct expert Knclneerlnx adlce or In.
Zorinatlon rerardlne prajecta In the Wcat.
tan.aecuni in. ertiitr. ,v
fntmftA.H.
Knglne.r, familiar wltlf American and
i;uroprai lu.uii-ua .i iiijuiua. uu. raciroaoa.
T-Frr!rlrn enrl heavr-eontnrct1on:'" Ara-tfav-In
for tha Wnt ahortly and dealre handling
1 '1. .,.. Iltnn of Ihl k ml. TVIII II.,.. .'
prsnii'lloti of deatalnc or Veald-nt VnilneirUiSfhS? tZSt
0 KaHimits project A 34. ledger Offlcs" fcatlcfnal Tin
411a
Allaka n C
Hid Ledge . ...
nutto New York .
Iloalon Mont . .
CKBIi Jtrome .
Con Arts
Flrat National .
Fortuna Cona . . .
ooldnejd Cona . .
Ooldfleld Florence
Uoldfleld Kewanaa
Ooldfleld Mergar
Clreen Monater . .
Hecla Mining . ..
Howe Bound . . .
Independence Lead
Jerome Verde
I Jim Uutler
dumpo .xicnaton
McKluler Darregh
Masma Conpr ...
MIXING STOCK
M 'a
a
U. S. Liberty Bonds
$50. $100, $1000
unrcillT. Roi.t
J R5COMMKXnKI roil INVIWTMENT
Nwbwgcr, HeadersoH& Loeb-
"- U10 CHESTNUT ST.
MunUn W. Y. A Thllg BtorU Khngte
bnder
X'evada :
Xevada
Nlplaalng
Ray Herculea
Han Toy
Tonopah Hxtenalon
United Verde . ,
Vrat End Con . .
White Cape . .
i:
3''
is
40
a
31.;
i
80"
10
62
4S
4(1
to''
45
1
lii
40
17
CO
s
31
IE
03
in
4
4
I!
mi!
.r:
4lU
n
IS
4
31
10IJ
'2!i
i't
18
Neu orl(. Sept. .". Tlip Now ork
i:oniiii; Sun's closing financial ieirv
today saj s : ,
Ilonr traeir-is woio Mippliid"" illi
plenty of aniniiiiiition today and tliej 1
prococclfd to make the most of it with
out loss of tiinp. Hut their real op
Ipcirtunity didn't eoino until xhorth aftei
I noon, when Mr. (iompers'ie alarmist
I teloRiaiii was dispateiiecl to the l'resi-1
(dent 011 tour. Wall street was taken
I abaek bj this unlooked for incident
1.....1 ..t. ., . .. r. ..
uu.i iiipiiuiif iu piesMicc' was lor ine
lime aliandoned. prie-es dropping from
- to ." points cir more from the Tliuis- ,
dm flosiiiB level and as mueli iiKiiiu in,
innnj cases from the high lriol of the
day. j
The financial community asked itself
whj, it the labor leudeis had under-
taken to arrange a truce pending the de j
clcipmeiit of measures designed to 1
lower the cost of living, thej should
suddenly four the ladical union ele
ments just as the rresident hud left the
capital. Whj this tall; all at once '
about the "aiful situation" in the'
iron and .steel industrj. the "brutaliti " 1
fund "thuggerj" of corporation agents,
ami the like epithet y The hnancial e-oni- I
miinitj was piuv.leil and woiidi reel wlioi
was short of tlio iiiniket tins tune j
I'lesiilcnt Wilson was appealed to
scleral days ago to intercede nidi Judge
(iarj to induce the lattir to lewike his 1
refusal to see the union leacleis If he'
has made the effoit. Mr. Wilson lias
not as yet succeeded as Judge (Jury
said today that notliiug had cle eloped
to his knowledge. A meeting of steel,
union presidents is to be lit'ldjn Wash
ington next Tuesday, and presumably.
if the telegram is to be tukeu at its
fuee Milne, Mr. (Jonipers unci hit. as
sociates fear that they cuunot hold the
raelieal element in check unless they
hae something from the 1'rrsident to
sliow for their efforts on that oecasiou.
Ilefore the telegram was published the
stoeL list was irregular in animated
trading, in which cross curients of
fliort selling, taking of piotits and buy
ing by solci-out bulls were conspicuous.
The oils weie well bought on the
strength of reports of oil production in
July made to the (ieological Suncj at
Washington. Mexican I'etrideum crossed
"01 early in the session. l'aii-Aniericiin
was moderately strong, while Sinclair
made an rxeeptionallj good showing
Crucible Steel at the outset losit ten
points, recovered about half the loss
and then touched a new low on this
movement below 10!). Baldwin retreated
hix points, and American Sumatra To
bacco, Central Leather, Studebaker and
(ieneral Motor suffered from persistent
bear nttai k. On the other hand, the
traction shaics were in excellent demand !
and the murines hud expansive ino
UIC1ICS. ,
J lie 1 ail-, inclined to heaviness. The
break in the foieign exchanges, in which
francs nnd lire established new low
levels, was another factor favorable to
the bear side.
The new low record for fanes was
8 francs :" centimes to the dollar, and
for lire 0.i4 lire to the dollar. Marks
also went to bottom at 4.3:5 cents the
mark. Sterling dropped to S4 14,
which, however, was '2' ' cents above
the recent low of 4.12 . Kroner and
pesatas were likewise weak. This situ
ation reflects the failure of the gov
ernment to take steps In arranging for
credits nnd ooufirmH the view that thej
reeeiu ueuerment was only a passing
phase due to speculative bujing.
Money again ruled easy. Call loans
renewed nt fl'-i per cent and rates Inter
dropped to 5 per cent. More money wag
put out on time loans at 0 ver cent.
IJIds on mixed loanB were made at 594
per cent for enrly dates. (Sold to the
amount of JJl.HOO.OOO is being engaged
here fpr shipment to India on behalf
of the IJank of Mfutrcal agency, re
lating presumably to transactions lu
rupee exchange.
The break iu exchange effect both cot
ton and grain cvliieli were weak.
noMjsj
Coerlen Oil 0a
Coadea Co e ..
RuaiUn Govt AU a
Jluialia Oort, 6a
.101
.101
. 40
. 45
104
104
44
il
NEW YORK STOCK SALES
ci.. Trevlntis
Rl11" cloae lllnh
100 Adams Kx 43 4.1
H0O Adllumtey Ui4 AUi
1.100 AJax Hub 92 914
.VX) AJnx llrts 41 j 4'j
2000 Alaska O. 31 (. a
100 Alaska J., yw ajj
4000 AIChMfc. . .1:,', AT,yt
00 AmAgCr. . Df.'j 07
300 AmBSug. , 87 88
100 AniBosh 0.113 112
iWoo Am Can.. 6i. f.OH
100 A Can pf . 104' 104'("
lOiwIl) AmCarKj .13(1 ' 137JI
100 ACarK pf.lloM 117.U
Todav'a
Low close
43
40
BO't
4?.'
3',
2'S
43
911
0
112
G4't
104'
43
4I'
Ol.'t
4'
a1 1
2' I
4lll
I)IV
80 1
112 '
0.I ,
1041 1
lllah
MM
194
lfi.4
23.4
75
'Mi
04
18
15
014
Utl.'t
114
19
15
244
04
18
15
084
C44
cloae
144
10
15
25
75
25
04
13
15
594
05
01 'a
114
3ft j
ir.0.1.
47.,
105
004
97'.'
50
7S;i
404
000 A Cot Oil 57
300 Am DrugS. II',
0700 Am H'&L. U7i
2200 AmltLpt. 129),
100 Am Ice.. . 474
11200 Am Int... 1024
100 Am I.ln pf 97
10200 AmT.oco. 00
100 Am .Malt . 534
10X) AmSmelt. 7h
1.100 ASteelCy. 40"i
500 AmSUR-ar. 12S.4 130
11100 AmSuTob. S74 8(14
13d0 ATel&Tel 1004 1014
100 AmTob 225 233
000 AniTnnevvlPO1. 101
5900 AniWuol..IlH 118
100 AmWpf 107
400 Am Wl'pf 594'
1000 AmZInc . . 2."1'
1(U AmZInc p 594
5400 Anaconda. 09i.
300 AI.'ryOels. 54.'4
900 AT&SF... 914
100 AtT&SKpf 81
100 Atltli&A . 114
2030 AtO&Wl. 100
03100 Daldl-oco 123
700 Iialt&O. .. 414
100 E&Opf ... 514
1000 Barrett... 131
500 Uatopllas 14
2510' BethfcllH 934
200 BtliStl8'-.
fill) liootliK .
215 Blilvnl-M
3.'0I BknltT
(100 BBTclfa
100 HT&U.s
0)11 BurasUro 1374'
.! 0 Bulrcl. e.'ov 314'
III M) BuUeZinc. 124
100 ButteSup. 20
.(c,00 CaclcloC... 3t
29000 CaU'etm. . 474
1000 Canl'ac. . .153
20510 Ctnl-lhr..l02,t 1034
2000 Cdel'asco. oU 50?
300 CenKdy... 32 ' .12.'-
3i10 Chandler, it-0 2S5!
J.'34 13 i'i 1
1174 1174'
504 "'v
114
354
1274
474
1C14
004
1124
5C
774
40
1US
824
100'j
23.1
101
113
114'
304
128
47'.
10'.".
001
C44
50 1
77'.
40
UU 1
s ;.
100' s 1
233
101
1114
., Trevloue Today's
" ..- . OI0i H'h ''aw
..uu oc josiaI. 0144
1000 StL&SF. . 19U
300 StLSoW.. If,
200 StlaSpf.. 25
100 SavageA.. 731
1200 SaxonMot. 25
COO SeabdA4.. 94
200 SeaALpf.. 17J?
"JUQ Shattuck.. 154
733) Kln&on... i84
900 Sloss-Sh.. 0'4
l' 0 Sopao. ...101V 102 1004 1004
iJK lh.ny.. 254 25? 25 2G
-.122 gotnllypf. 024 row 004 604
""I0" Studebltr.,1174 1174' 1U4 1144
300 Studcbpf, 102 102 1014 102
000 StrombgC. (1SH CO r5 05
7 22 o..d0 rt8 10'' lO'c W 104
1100 StUteMot. 1104' 11G4 111 1124
'.52 do r,s- 4'i 4 3" r"
-W SlStee4. 42),' 42.4 424 424
i,',22 ZC&Chern- 13! ':1 lv 13?4
900 TexasCo..207 2004 2f'3 204J
13t00 Teasl'no.. 04 524 48 50
.00 TUUlAIm. IS 224 204 204
-..52 SobPro'J'.1004' 1024 074 084
.1300 CransOII. 504 694 504 69
300 Trans&W. 574 57 50.4 57
100.4 1004 lC'i4
1104
. 184
1014
. 254
. 20,4
114
69
204
59
04
0.14
91
t04
11 Ii
1C4.
1234
414
614
131
14
03.4
113
184
094
28
234
114
135
31
124
264
374
53.4
1554
1000 Clies&Oh.. 574
1700 ChlGtW . 94
100 Chi O Wpf 24.4
900 CM&Sti'.. 4H4
000 CJIStPp.. 05
SH3 CHIP .... 254'
100 Cmi'liTo. 02
i)0 CHIP7r. 734'
170O ClilllCop.. 244
700 ClilnoCop. 45
100 riuettP. .. 8J
II X) ColKI 40
l.'OO ColG&E... 034
700 CalPack.. 71
,M0 ContCdy.. 114
3)0 Con Gas.. 90
1100 CohCnllan 19
100 ConClgar. 03
Jinru) CornPrd. . 894
103 CornPrpf.100
1 100 ConCan. . . 954
120 X) CrucSfl...loO
67
94'
244
43
C-14
254
01
714
244
454
82
48
034
71
124'
954
194
03
90."
6s
224
69
074
634
C04
M)4
11.4
155
110
414
514
120
14
SS4
1124
104
os
254
S3
114
13.'.
30
1)4
204
31
474
1504
97
f(4
32
2774
5S
sit
0S'
6'I4
104
M14
114
1584
119 ,
4141
614 1
12') 1
14
91 I
"r.
9'I4
204
i.Til
11'.
133 ,
I'll
124.
204 j
37
634
1514 1
IK)'.
32
.1
12:
OS'-a"
314
08
62.4
704'
185
934
11
4,
3300 USIndAI..l27 1274
700 I'nAlloy.. 53 n3
1400 Union Pa c 1224 1224
100 UnPflel pf . 09 084
MOO USCIP... 334' 334
lOj) USCIPpf..08H 08
100 UnDlprt. 52 624'
2900 USFood... 82 82
100 UnPrult.. 1834 185
.'19000 UnltetS. . .00 99
OOTOlUnnSrts jp, ip-
.000 usn&im..4a j- ?
SS n4r?'-,127-, 1284 125
vw uoasii I OTlf
114400 USSteeI...10C4
100 USSteelp.Hfl
1S00 UtahCop.. 874
1400 Va-CarC. 834'
S00 Wabash.., a
010 WabpA.. 31
100 Wab pfB . 204
-'00 Wells V... 58
200 WestAB.,115
4200 West E-M 554
2300 WestMd.. 131?
100 WMU2pf. -'34
1254' 1204
524 524
1224'
084
32
CS
624
604
185
054
11
454
12C4
115
; ii '
LOCAL CONTINGENT WAS
INCLINED TO MARK TIME
Big Shrinkage in Dealings While Price Movement Was Mean
ingless General Aspjialt Preferred an Exception
...
50"
0'
24"
43
05
6b'
9
24'..
42.4
Ct
25
01
71
234
M4
82
45
03
70
114
954
1S4
(V!
814
1064 1004 100)i
90.4 03 f.i
1764 1074 l'O
iSIO WhlteMot,
7090 WlllyOv..
000 Wilson c.
100 do rts..
100 Woolwth.
SOO Worth p
Ex dividend.
Ct
344
S44
24
125
704
074' 004 00W
1004 1034 1034
1104 1164 115,4
87 844 PC.
&3li 814 3
IU. 104 10.4
314 314 314
204 204' 204'
664 5S4 684
114 1134 114
65.4 634 647,'
134 12 12
24 24 24
SG4 804 864'
174 154 10
204 2 1 24
03 01 6J
344 334 334
M . 844 844
- 14' It.
1254 125),' 1254
774 75 75
(.1
74.4
21
J 5
S2
40
034
70
114
95' 1
19
81'
Philadelphia Stocks
100 CrucStlp. 1044 1044 10-14 1014'
IVY) CubaCane. 324 324 31
10X1 CubaC pf.. 794 79 7S4
100 PenHGr.. 114 10 10
2500 DenHGrp. 174 17,4 104
300 immell... 144 144 !"'
100 i:il;HCpr 4(1 40 40
100 i-.iitllcottJ.lOti 10j 10j
500 Kndieottp.1014 1044 104
10H)
100
100
100
1700
000
Krle lfi.4
Erlo 1 pt. . 25'.
Erie 2pf. 18
Fairbanks. 7S
FaP-I,slty.l05
FIsherBdy 90
1G.4
254
IS
15.4
25
IS
1014' 103
96
44.4
fO
314
824
170
C5
it
49
31
t-0
10S
1100 Flsk Itpb.. 44'
l.tOO FreeprtT. . 10
300 GastonW. 314
1900 GenClcar. 834
200 GenEIec. 170
7200 Gen Mot. 240.4 23.)
200 GenMoip. 01 91
100 GenMdeb. 80.4
3700 Goodrich.. 74
300 GoodBFpf.1024
800 GtXorpf.. 884
1000 GN'Ore... 45)s
100 GreeneC . 13
100 liulfM&.V. 9
100 GulfSStl.. 02,
1110 IIsl.&Bkr. fi
103 Illinois C.. 93
30O Insplra... 02.4
210J InterCon.. 0
5200 l.HerCjif.. 19
3X) I1UAECI1.. 27
200 IntAgC p. . S 34
22(X) Hnrvestc;r,135
39900 IntMerM 594
lhsOO IntMMpf 1194 122
1000 IntNl'ckel 27
200 IntXickpf. 93i
1590 IntPaper. . 58
US'! lntPHat.. 76'
1 000 JowelTea. 20
300 JonesTea. 37'
310 KanCSo... 19'
0300 KcllySpT. 140.4-1424 I3.
101 KelSp8Pl064 100 100
1200Kennecot. 374 374 30,'
I!010 KeystneT. 01 OP
80
79
103
88.4
454
42
9
C2
04.4
93
024
04
224
27
824
1354
02.'
934
68) J
704
204
37.4
194
90 ',
80
i I
1024'
t74
41
42
I
G2 '
01
!l i
004
04
10
27
82
133
674
118
204
914
60i
70.4
25
304'
114
10)0 LackStl... 1.5 HI
200 l-E&Wpf. 2i 22
500 LceTlre...3m 314
12100 LehlghV.. 49.4 494
200 Me & M,T 220 . 220
300 4ig&Mp..U2 112
5H) I)rlllard..215Ji 219
100 I-orilpf ..112 112
200 Lo&Xsh.. 110 110
100 ManShlrt. 314 31
100 May DpS.. 101 102
47OO MaxMot.. 494 494
3090 MaxMlp. 80 824
1300 MaxM2p. 42 424
36700 MexPet... 195.4 201,4
"00 MlamlC... 284 274'
9200 MldvStl... 634' 53,4
100 MStlanow. 17 17
"000 MKAVTox.. 134 134'
"lOO MK&Tp.. 184 184
l'JOO JloPaclOo. 2S4 284
00 MoPaopf. 474 474
OX) MontPow 05 . 04.4'
4'JO NalAcme.t 37 374
300 JsatAnU,. 48)i 48)i
400 NatCiC. 17 17
300 NalE&S.. 78 774
400 NatLead.. 81 81
100 NRyMSp. 84 74
100 NevCons.. 104 194
200 NYAlrBr.,1134 113
600 NYCent...74 73
400 NYDock. , 504 674
100 NYDkpf.. 03 04! j
100 NYO&W.. 204 201
1400 NYNHlt.. 32)5 324
400 Xor&W...lQO 1004
l"0O NorPao. . . S8 f 8
3400 NovaScSI. 824 84
11700 OhioCOaB. 644 tKi
100 OhloFuel. 52 b3
C903 OUIaF&H. JW. J04
300 OntSllver. OJi 0,4
100 OwensBM. 66 . 664
ino Pacusu,.'03 os
04
...j
31
4h4
220
110
215
112
10S
01
102
474
80
404
7-84
10 I
10'. I
1341
4011'
105
101
15.4
25 I
IS
77
103
C54
41
49) a
31
-0
10s- I
2344 1
90,4 I
80 I
784 I
103 '
874,
44 '
42 1
9 I
02
03 '
93
014
04
-'14
82' 1 '
1334
594
120 !
264
914
Sm I
704 1
25 I
304
194
1374 '
100 ,
30 .
014'
'100 Amll&L
250 AmStores. ,
375 AmShlpto
"MOO Atnloco..
5 BalLqco .
10 B&STCpf. .
10 CrucStl .
1230 KlecStor. .
210 GcnAspf..
20 1-ake.SuC.
3 LehN'ar . . .
50 LehlghV..
4 KeyTCpf.
295 PBU
l.l.i PaSaltMf.
20 PhlCcupf.
1603 Phila i:i. .
415 PUTlrcfs.
10 HoyalD.NY
10 TonMln...
22 UnTrac...
98 UGI
710 USStcel...
15 WarlU&S.
Net
nich T.ow Cloce chue.
. 30.4 304 3Gt.-l4
324 324 324 'v
374' 35 374 4
054 9S4 95))- 4
1234 123.4 1234 4
494 404 494- 4
170 170 170 -10
OS) a 97 974- 4'
121 117 120 5i4
. 224' 21.4 214- 4
. 08 CS 68 ii
494 494' 494- 4'
544 544 544 4'
41 434 44 4
81 81 81 - 4
Mi 34.4 341. .4
Ho! i
264
954
ii
i".i5.
954
24
38)j
0S,
204 4
05.4'
-"i
. 384
, 99
.1064
. S4
t t ft t W A mn rlaa l.at a..hma1 .a.
last .ale Vn Ln.vv vSriT H(oAuith"Sn.u
384
684- 1,'
1034 1034-2,4
"i S4
Snles In
410U0
I10NUS
Illfrh T.na. f-lnB -1.-.
1 ..... .n,- .. ..-"--
I 'ii -BJ.HO... UOJJ HtJ.'i 9(Jtj
10 IJike.SuplncBa,. 69 09 Co' 4
1 LehVes'lS iop 101J.J 101!i- 4'
2 l.chValVoalBs.100 100 100 ii
1 LehValcons Cs.101 101 101 s
2 Llbdds4tb4 48.93 30 03 30 03 3002
1 PB&W4s 974 97.4 97.4-
5 PlillaEl 1st Bs. . 94 934 934
2 UnRwylnv 6s.. 75 75 75
1 Victory 4 ?i 90 00 99 CO 99 C0401
Odd lots.
494
220
110
215
112
10S
31
102
474
80 0
40ii
102?.' 1(44
274' 274
Ol'j
17
181-j
28
47
03','
37U
48
104
704
704
74
10i
111
724
f04
C44
20
314
09','
h7
764
34
63
104
OJi
56).
UK
banking company. It is possible, how
ewr. that other concerns may be
brought In. i
The new cornoralipn will probably be
a debenture company, ncccptinsr secu
rities of foreign governments and float
ing their own securities on this-collateral.
It is understood that 11 number .of
banking houses including the Morgan
interests, will participate .in the under
taking. A large amount of foreign business in
the equipment field is now being offered.
The difficulty in the way of closing these
471, contracts is the question of credit, llcl-
t,;i'. gium nionc is asking for HH) locomo
374, fives and, it-is believed, will place' half
48 1 of its inquiry iu the not distant future.
jjjJJ J'oland. which a few weeks ago placed
704in" or,Icr w'tl1 froWwin Locomotive
71 Works for 150 engines, is still in the
104 market for several hundred' more, nnel
111 some of the Balkan states, are also feel
'3 ing out the equipment market with iug
g.' gestions of big orders. The Polish
o()' order, placed with Baldwin, Jt will be
32 remembered, provided for payments ex
uw'i 1 tending over ten years.
1 It is doubtful if nuy.importaut part
of this foreign business; could be placed
unless credits of from fivo to ten years
were granted the countries placing
them. Tlio equipment companies natu
rally aro not anxious to put the strain
524
17
124
184
284
S8
79 I
H4
53 I
10.4 I
04 I
Ml, .
68
071(10 PanAmPt.1194 121 1104 1184 ," lnW " 80,;. . , n "S tllesc
"irio PennXUl.". 44 43f 434 43!i long-term credits Individually on a
- 1300 PaSeaStl. . 454 45 434- .44 I large scale, The. banking corporation
' would, however, provide a solution of
the problem.
Besides tlio large locomotive inquiries
BAR SILVER
Commcrical bar silver was quoted In
New York today at $1U an ounce,
a clecjine.iif. &e..Jnj,ofldpnjlie,j)rJce
was Old, unchanged. '
100 PeoQaa
300 PtioEast..
40a PereM .
300 PhllaCo.,
12300 PlerceAr.
4800 PlerceOll.
000 PIttsCoal,
000 Plt&WVa
300 PondCC.
1800 PresBSC,
r.ra-i PAKucar.
.. ITnlltnan. .lOO
300 JtayCons..2t
900 nySSpr,. 09
3600 Reading,. BO
' 200 Remlngtn, ,Vii
om IteoMot... 48
Mfl0,nenav6cl. .;&-
20100 'KoyDNY,
43) i 44
16 17lf
10 104
354 354
594
224
004
34
, 184
02
,08
, 96H
60,4
224
054
334
10
023 J
08
1204
244
OO4
80
734
484
.414. ,
oo;-
44
164
19
354
674
214
C44
2.X4
184
CO
i'54
120
2V
074
78).
73
46
00.4
03
19
351.
58).
22
33.4
HI
ore,
('5.4
120
a4 t
791.
73
484
D2)(
the countries mentioned and others aro
asking for cars to a total of several
hundred thousand.
The Belgium 'inquiry for locomotives
is the most' Immediate of the Impottnnt
orders for vouipnlcut likely 10 be placed,
If Belgium, bujs 200 engines, as it is
thought it ivill, the 'order would amount
. -....I'niiMAAn t- c. m. J
110 aooui. Qutnwtrnj, in mc rveai ui,
tiie orgumzauou ui inn proposeu uauh
log compo'cy.'tho probabilities' are that
the order will b divided betweoa. Amer
ican nndiBaldvviu compsniei.
Tlip early dealings in the local
market were the smallest this morning
for tnany weeks. The trading was nb
solujcly featureless nnd price changes
were slight and unimportant. The
churning of the New York market seems
to have put nn effective damper on lo
cal speculative interest. This was
strikingly shown in the market con
traction in the transactions in Elec
tric Storage, which has been tho locnl
favorite for some time.
The demand for the stock was found
to be exceedingly light when the market
opened, indicating to some extent dis
counting of the increased dividend.
Store because of the lack of Interest
than pressure to Rcli, the price was
lowered V4 under last night's closing to
08, which iu the opinion of recognized
mnrkct judges is u fnir price as mea
sured by the dividend return,
Little is to be said of the trading in'
the general list. One outstanding fea
ture, jet from a local viewpoint meant
nothing, wi a 10-point decline in
Cruciblo Steel on a sale of ten shares
American Stores moved up V4 point on
a few sales. Baldwin Locomotive was
also Yj point better on a small odd
lot. Philadelphia Electric fell back to
par. Pennsylvania Salt yielded ,
wniic rnuaclelphla Kapid Transit was
unchanged. Lake Superior lost yestcr-
dav's Ii nolnt train.
ll'hr. hrtnrl fltaHncra rnnllnl.ul Ala?
lively light without feature.
While Mr. Mitten's Interesting
statement concerning the local transit
situatiou came in for more than pass
ing interest in financial nnd banking
circles, markctwlse it had no effect
whatever.
NEW YORK BOND SALES
Atch Trans S I 4s
2000 784
Anglo-French Bs
3000
1000..
3000...
4005...
18000...
41H0O...
BO00...
3000 . . .
7000...
1000...
2000...
1000...
80000..
47000
50000.
5000.
074
974'
97
97
97
97
97
97
76
97
74
97 I
974
974
97 3
974
Amer Tobacco 6s
15000 HM
Am Smelt t R 6s
10000 WJa
1000 874
2000 5!a
5000 .. 85
Am Thread Co Bs
lOuOO 874
Am T & T cvt 6s
2000 10Di
28000 101
S000 101
1000 101
5000 201
fiJOO 874
Am Tel & Tel Es
1000 804
Ala Gold M cv A
1000 V5
Am T & T clt .
1000 024
Am Tel & Tel 4 4
3000...... 87
Bait & Ohio Bs
iOOO 72
Bait & Ohio 4s
1000 70,4
Bait & Ohio 6s
3000 004
2000...... 004
Bait & Ohio 34b
B 2000...... 844
Beth S Cor G of 3
H000 804
4000 864
Bait & Ohio cv
1000 72.4
1000...... 725a
Be.th Stl 5s o 36
1000 804
20000 864
Beth S C tfs of 36
6000 865i
4000 864
1000 B80
C II I . P fd
Q Is
69) i
CAR BUILDERS PLAN BANK
Equipment Companies Organize for
Financing of Foreign Contracts
New York, Sept. 5. A 'number of
the leading equipment companies are
now working together on the organiza
tion of 11 new banking company for the
purpose of financing foreign equipment
contracts.
IMails of the proposed new organiza
tion arc not jet available, but it in
understood that satisfactory progress is
being made in the negotiations looking
to if formation nnd the company will
probably be incorporated iu the not dis
tant future.
Ni- companies, American Car and
I'ouudry, American Locomotive, Bald- J
win Locomotive, Standard Steel Car
Company, Haskell & Barker nnd Bail-
f,fJ'j waj Steel Spring are mentioned ns those
1 .trine!, Mill,' Iilnine.nfl ... t. ... -.1
. . .. j miiiwuu J, 1 ll.C l.rUj.OSC'Cl
1000.
1000.
Chi B &
5000.
1000.
1000.
8000.
3000.
3000
200
..000
v 6000.
1000.
7000
2000.
Chile Copper
1000..
5000-.
35000..
1000..
0000
CHI. rt pt p 3d ex ct
954
954
254
964
054
954
954
95
95
93)a
95) a
95,4
6s
.118,4
. 904
. 90.4
904
90.4
9000.
5000.
5000.
0000.
2000..
18000 .
904
004
. . 90 -i
. 00.4
. 904
.5904
ClUStPcv 4V4s
2000 714
5000 744
Conip Tab It Cs
10J0 hS H
1000 bS
Chi M & St P 5s cv
10000 75
City of Paris 6
21000 VG'i
1000 964
13000 96'.
11000 964
City of Bordeaux Cs
10000 994
10000 934'
1000 904
City of Ljons B 6a
1000 IM'i
1000... 094
City of liars B 6a
1000 994
Cen ot Ueor It It
2000 bi)4
Cent PaclOo 1st
1000 744
2000 . . 75
6000... 75
Chi II U 1' Hit fd
1000 094
200O 97
Chi It I & P fd
Chi & X f Cs of 7
3000
C M & St P 4s
1000 70
Chi M & St I. en Es
5000 74H
2000 744
C M & St P Ss
10000 75
Colo & S By 4 s
2000 27
C of N Y iVi of 60
2000 79
Del H,ud cv
11000. ..n. COT,
1000 OB;
2000 0155
Den & It O 4 S
1000 604
1000 CO1.'
4000...... 664.
IOOO 064
Dom of Can B of 31
2000 054
1000 044
2000 084-
Duluth & P It mi
1000 014
Edison K ti B 4s
1C0O K)
Gen Klectrlo Ss
4000 OOi
Green Bay & N Kit
onnn 001.4
2000..-..., 994 I
2000 094
Hud tc M RR Co In
innn 17
plnd-a'an-KRcl
r tew. , ki
3000.
&!,
Int Rap Tran fd
1000 06
5000 054,
000 054
19000 C5.4
5000 6o4
10000...... 054
1000...... 004
Int Met ct 4&s
1000 33
Imp Jap Gov B 1st
2000 81
Kansas City Ter 4 s
COOO.c.i 74)4
KUi C & S R 3s
2000...... 70
LSM&SRR 4s of 31
1000 K14
Ihlgh Valley 6s
1000 1014
1000 1014
Oregon Short 1. 4a
1000 824
Manhattan Kiev 6a
1000 07
1000 90.4
1000) 0 H
10000 97
1000 07
4000 95.4
9000 97
Mo Pacific gen Is
2000 694
5.00 594
3000 594
2000 684
Mo Kan & Tex 4 s
1000 034
1000 Ol
10000 04
5000 01
6000 54
S000 0-1
N Y N II & II 6s
2000 00
13000 00,4
7000 76
7000 70
4000 00
1000 90
2000 95't
1000 9b
N Y Rwy 5s
9000 214
4000 28
N Y. Telephone 4H
3000 R0
4000 S
4000 80
N Y Tele deb 6s
1UO00 t. 084
1000 84
2000 984
1000 98".
Norf & West cv 6s
15000 104)
North Pacifla 4s
1000...... 774
2000 774'
Oreg Shon Line Is
2000 834
1000 82Ja
5000 824
Pac Gas & 111 5s
1000 854
Penna gen I'.Ss
8000 84
1000... . 834
Penna R R Bs
6000 92
1000 02.4
000 924
Pierce Oil 6s 1924
0000 1014
1C00 10-14'
2000. ...10)4
St L. & S F Ino
1000 50
1000 504'
1000 504
9000.. .. 50,4
8000 504
St U & S V adj
20o0 034
O000 03,4"
St L & S F 4s ser A
5 tOO 59
1000 584
1000 594
6000 59
St I, & S R R 1st
2000 64H
5000 044
So Pao cV 4s
5000 824
4000 824
6000 824
5000 82
,1000 82 .
So Pao cv 4 ',4
1000 744
So Pao cvt Es
10000 1034
10000 1034
12000 1034
21000 103!.
20000 1034'
6000 103H
3o, Pao fd
5000 774'
1000.. . . 784
0000 784
13000...... 78
300u 78
South Rail 4s
5000 644
3000 044
5000 04
5O0O.v 03,
2000 4
1000..... 0H
2000 0-1
.Southern' Rwy Ss
8000.. .'.t 894
8000 894
7000.,..., 894
2000 00,
Third Ave adj
21000 34
8000...... 31
)"00 344
Tlid Ave 4s '
1000 53.
110 0..".... 53
Union Pacific fd
1000 774-
Unlon pacific ct
30E....... 83'
UnlOn Paclflo' 4s
1000 84
1000 '. S4J'
3000 83
3000 8.' 4
'Union Paclflo 6s
2000...'..10a4.
U K of OB & 1 '21
1000 084
1000..... 0K
1000 984
1500O 98,4 '
35000 084
2000...... 0M
2o000...... 98.4
1000 984
U K of O B A 1
-tfVlslW-
, 1000.. so
1000 054
1000 00
, 1000 00
U S & Mexico Es
1000 63
4000 63
U S Rubber Es
Es
87
87
87
87
87
87
000.
0000....
11000....
3000...,
1000....
5000.
U S Steel
3100.
1000.
2000.,
3J00.,
Va Iron C & C 1st
1000 98
West Maryland 4s
3000 58
2000 68
.1004
.100
.100
.100,
3000 68
West Shore R R 4 s
2000 72
1000 72
3000 72
2000 72
Wilson & Co 1st,
11000 994'
1000 994
1000 09)g
2000 09
1000 98
1000 994'
4000 00
300O 094
Wis Cent R R 4s
2000 08H
Wilson Co cv
1000 974
3000 07.4
3000 074
5000 074
TODAVS RANGE IN LIBERTY BONDS
Soles 0 Ubtrtu Bonds in tht Btoek Ex
change carry tnltrttt to date ot talt. Tht
teller receive (hat interest, in oefitfHem (a
(ft.) tale price 0 1'ie bend. y
1:15
High T.ow p. m.
Liberty Bond 3js.. 09.08 09.00 00.04
Lib Bond lBt 4s.. 04.C0 04.50 04.54
Lib Bond 2d 4s
Lib Bond 1st 4'4s..
Lib Bond L'd -lUs..
LibBond3d4Vis...
Lib Bond 4th 4Vis.
Victory Xotcs JlitS.
Victory Notes 4-Jis.
02.80 02.74 02.74
04.00 04.00 04.00
03.00 02.00 02.08
04.08 04.88 04.04
03.34 03.22 03.20
00.C0 00.50 00.50
00.54 00.50 00.50
MONEY-LENDING RATES
NEW YORK Money on call, mixed
collateral and all industrial collateral,
opened today nt 5',$ per cent for lend
ing and renewing.
The demand for time money is active,
but bids on good mixed loans are not
better today than 5 per cent. Tester
day business was done in that class of
collateral at U per cent. Bankers, are
putting out more time money today than
iu several weeks past nt C per cent for
periods of thirty days to four months
on industrials. A good part of the
money available at present is from local
sources.
Prime mercantile paper is in light
supply. -
Discount rates arc unchanged at 5Vi
(25M:.
Prime bank acceptances show a fair
movement at unchanged rates.
PHILADELPHIA Qall, 594(30 per
cent; time, OcUO per cent; eommor
cial paper, three to bIx months, 514 8
..;i per cent, and ;ix months, u per
cent.
LONDON Money is quoted ot "Ys
per cent. Discount rates, short bills,
3 7-103i per cent; three-month
bills, 3 0-103 per cent.
Reserve Banks' Discount Rates
Official discount rates at the twelve
Federal Kcserve banks were as fol
lows :
(The first column gives rates for ail
periods tip to and including a fifteen
day maturity t the second for a period
of sixteen to ninety dajs. The third
and fourth columns give tho rates for
rediscounts' of collateral loan secured
by government bonds or notes.)
Cora'l paper Gov't paper
18 to DC 18 to so
ISdaya diva lOdajadaya
Boston
New York .
Philadelphia.
.Richmond .
Cleveland ..
Atlanta .. .
Chlcaco . . . .
St. Louis ..
MUweapolla
Kansas City
Dallas
San rranclsco
. .4 4a 4
. . , . 4 4. 4
. .4 4. 4
41, 44 4'i
..... 4. 4a. 4
... 4 4". 4
. .. 4 4. 4
.. 4 4 4
.... 4 4.g 4
.... 44 B y 4U
44 4.& 4
:o .. 4. 6 44
vNK CLEARINGS
4 V.
44
4V
s
4'i
Bank clearings today rompared with cor
responding dav last two searai
IBID 191H 1017
Phila... t70.017.nTa S73.081.071 SS4.O33.801
Iloaton... KS.S2n.lSa 4K.R.M1.S44 7n nin 91
X, York.. 823,448,420 600.080,158 E83,040,380
FOREIGN EXCHANGE MARKET
New York, Sept. 5. The foreign
exchange market showed further de
moralization, according to preliminary
figures early this morning. At 8:30
frunc checks showed a break of 4
rentH under unv previous low record
Franc cables were 8,31, Sterling fell'
to within JLVi rents 01 tile .previous
bottom being c-uoted nt 4.1494 for do
mand and 4.1SV& for cabled. Lire wag
quoted at n new low record of 0.72 for
checks, 2 points under the' previous
bottom and "cables declined to 0.70!
Marks slumped o 4.35, a new lo.w, .
Oothcr quotations weres Swiss cables'
nn .t 1 K rrt . -..11.1 Llln.
u. Do, cnecus u.iuj guiiucr unoies dis-,
cheeks 37 ; pesetas cables 10.05, 'checks
10: Stockholm cables 24.25. cheeks
24.10; Christiania cables 22.85, checks
22.70 ; copennagen caDies zi.tja, checis
21.50 ; Lclginn cables 8.53, checks 8.55 ;
marka ncvmlnal. lit 4.3fl.
International .bankers said that there
were no Indications at present of a
check to the demoralization in' exchange.
LOCAL MINING 8T0CK8
TONOPAH STOCKS '
- .1- wffl
f'J'.cp 11 issa.il una 1 111 Ull
sjsssltssassswsaiMslll)ll!lsi
Jim Butler
MacNamara
Midway...
Mttpah Eit
Montana ,.,
North Star
Rescue Kula.
West End
Bid
. .... .so
03
18
..,.. .00
.... .12
03
H
..... IU
OOLDKIELD 'BTOCK8
.1)3
Atlanta
niue Bull ,
Booth ...... ....
Dlamondfteld Ii B
Daisy ...r, ........ .......
Kewanas ...,.. ,....
Oro .. '
Silver, Ficlc. ...,.,,,......
MISCBLnANEQUS
Arls',Unltel'....r.Mu..;'.; ,28
Nevada Winder 40
Tacop Mtnluc ...lu...... .09
.02
.07
.01
.01,
.OS
.01
.00
Asked
.70
,:o
.07
.17
OT
.20
l!
.OS
.00.
,03
.03
.04
.03
.08
..30
1
.13
L
' Son Francisco,
Gold 4 H5i Water Bonds;
No Federal Incomo.TuxeB.to"'
pay. Legal for Savings Bankrf
and Trustoos in New Yotkj
Massachusetts, Connecticut'
andotherStatcs. Obligations v
of City and County. Atfrne- .
tive rango of maturities'. '
To yield about 4.80 '
Bend for Circular rMIl''
'ik
MationalCjfr -Company
;..;:
Crresfettifee Ortoet lit 11 Dl'1'
rklftdtlpkia 1421 Cktilnil SC
Altiilic Cilr CkslfonU Block'
122S Boardwalk ''
We Offer ' 1P
toYield7V
the 8 Cumulative "
Sinking Fund "First Pre-"--ferrcd
Stock
of a prosperous company en
gaged in the production of ,
an essential food product.
The total net assets of the com
pany, after giving effect to this
financing, were over 2z time,
the amount of the entire issue.
IFrMe for Circular "P"
giving -complete .details
r,tf
GEORGE H BURR & CQ:
421 Chestnut Street
Philadelphia jr..
1301 Peoples .Dank nulldlng
PITTSBUKOII
Main Oftlret 120 Jlroadrroy '
NEW YORK 1
HsjrW
AGRAPIUC C HAM
OF LIBERTY B9NBI
TELLS AT A GLANCE THE PRIM.
CIPAL FEATURES OF THE 8E.VERAL
LIBERTY LOAN ISSUES. AN IN
VALUABLE AID IN MAKING OU1
INCOME AND SURTAX REPORTS
SENT FREE ON REQUEST.
BAKER, AYLING & Y0UN6
LAND TITLC BUILDING
BOSTON PHILADELPHIA
$50 $100
F.IRERTY RONHSl
BOUCUX AND BOLD ' ,j
104 SOUTH- FIFTH STREE
llstabsra Phlladalptla Block Bxalisjts
Bank Executive Wanted
Al newlr orcanlzlnr Itank detlrcM
man of tmnklnff experience to net r
Cashier.
AddrcMiH A II, IsCdter OIHce. clT
Inc reference!.
FINANCIAL
National Conduit & Cable
Company, Inc.
First Mortgage 1 Ten-Year Blnklnr Fund
flold IInnd. 1
Purauant a Article V. of th mortirai
eecurlnff the aboe described bondi of the NaJ
Clonal Pnndiill' A Pa hi Pcimnsnv. Inc. firidi
dated April 1. 1917. Bankeri Truat Oom-j
party, aa Trustee thereunder, Hereby awe
notice to me ncidera or tno above aascriocu
bmti'1i ct Itn intsantlnn fn nnnlv thm moneifJ
rau!red to htt nnld nn nr hfor SeDteraber
MO 1D11I. tn thi. Hinklnir l"tinrl nrnvltieftd under I
such Article V, In the manner hereinafter
aeacrioed, ana accordingly mvitea onerinaB
far thm anl vn (lofnlsoi t. 1010. tn tha Na I
tlor.al Conduit & Cable Company, Inc.. fori
said Slnklntr Fund nf mmh First Mortcage E
(I?i Ten-VeHr'SInirtnir Fund Gold Bonds, at I
prices not exceeding 103 of their par value,
and fntrftf Ifl.r: DMni tn rtt nhP 1.
101, All cfTerlngs made In response to thWI
notice siall state the face amount of Bonds J
offered for sale and the price at which auch.1
bonds are offered, and shall be signed far the I
holders thereof, and shall be mde subjcct-tol
the rignt ci the undersigned to arcept all or
ttliy UiasTb ur JIUIIW K'L LIIO DUI1UB UliertU. f(
offerlnirs must be made t the underlined.
Inclosed In sealed) envelopes and must be re
celved by the undersigned atItsTrust-De
partment. No. 10 Wall street,. Ne7 JTorlc
city, before the close of buslneiipfflf "Sep
tember 8. 1910, From-the bonds '-ottered tn
response tc this notice the undersigned, on
behalf of the said National Conduit & Cable
Company, Inc., vil ahcept such bonds a
ar fiffered at lowest nrlrns. not exceedlnr
said 105 and Interest accrued 105 to .Oc
tober i. laiH. 10 an amount sumcient 10
exhaust, as nearly as may be. the aggregate
funds available for that purpose, as here
inafter stated. ' V
XTJrriuaiiU it bhiu iiiui icant mm lum.riL
$pL',5t0 Is payable by the National Con dull
Cable Company. Inc.. to the undersigned
as Trustee on or Drore epiFtr.Der bo. ivil
for tno purposes oc me onerMgs nerein in
vl ted. 'ine unaereiffnea as trustee win sen
not ire forthwith of such acceptances to &'
landholders whose, offetlnjf vtiave been ai-i
cepted. and the bonds so accepted wilt tlnrl
upon Become . paru. yrsuani, to aa
(..nitnra thereof, at ne aald ottlcm nt 1
understs-ned. on October '1. 1019 and sho
be accompanied by appropriate Federal 'IrJ
come Tax certincatea in respect oz the
mud Interest.
Dated at New TfTk, this 29th day d
AilfUll, tviv.
HANKERS TltUST COMPANT.Trustea,
Br II. F. Wilson. Jr.. ca rresldsnK
DlTldrnda
TIIE KU5CTBIO 8TOBA0E 11ATTEBX
AllifBiieny Avm'uo andilOih Btrs.t.
1'nnaaeipnia, tttvi. a. 1D19. -t I
lb Ptrectora liaYo)eclarl a dlvldsnd. otl
Two DnPars ISS.OO) par share from tb. nst J
j uurrrs?d Rtocks. Datable aetrthtrr 1. 1
1A1D. to stockholders of record at the close 1
if buslnew on September 15. 1010. Check I
.rill b mailed.
wl WALTER a. HENDEHSON. Treat,
AT MKETfS'O Or'TItE BOARD OFTDI
Ai "I.;: l Iha Conllnontal-KaulUbla Tltln
rwwi" ---' - w-. U..... . an...
SuKk nd an S.tralvld.ndof j
1918.
Pr
). and an rKira,aiviaena oc it, Ci.tw
-niv snarei. wa ucvj.m wafu. nrnwnnicr
an. a .H .in.knn nr. nr rpoytm Nmr.b.
la... v" "rr. ..7 r ""..-" --. ..
1919. CtieOKP w... u mauea.
jqhn v. ijrjaiTNBnr.
-..tv..,. Tresjiurej1.
Frsnoaals
l.iilll-CISAI nill CJAHOL1N10. UILS ANIll
GREASES Raw Sfatsrlald Olrlslon, Oftte.
DlVctor ol.Porchaa,, iluriltlraa Buluiaavl
Wisnlniton. . C: Bsaledproposala will at. I
KSulred by tha A.rrny darins; Ootobar.i iff
vimbar and icemor, itv. until 10 m. wui
8?Uinbrr lBtb. 1916. Instead o( SoBtmi3l
n. , previously sivivu. curmer uuc
ilon cm application.
'ItROPOBAXS FOB-DBEBniNO U. B. Bi
Office. Old Federal Bide, Wilmlnrt
n.t Bealsd, proposal will be Teeelved h
until 11 'a. m., Oct. 4. 1919, and then opened
.. ..vlne Coooer rlv.rN. J., im rrf.&ai
river, l'a. Further Inforjnatlon on appllaa
"" ' '
QOVERNMEfSTBONDS
., i Bid'
Panama coupon 5a, 1938 .'.... 8i
Pintma reIVlri f. 198(1,.. 9jj'
Panama coupon Sa, 1988.. .... niti
J'anama reataterjAa?. IMS,., 98?i
Panama coupon Ss 19fll..... SH
Panama resHsterfd 8s. 1901.,. JJ
Philippine 4a. 10.14.;.. ..(.... 90
l'lillippine ss. moj ...'v;4.v. uu
Philippine, ,4s. 19811 ...i...... i Bi
i; n cfovt fcouvn. '-'s. 10.10.... 01
II HOovt registered 2a. 1980.. 80
,m TACrtirnnnDn 'nar. 'liar.
Aa'K
8'-
9'4
3
90
aavrtBatxm'Br. ir.aor.. i..i'
TJ 8 Oovt realsterecf 3aTocT9rrv'-i .
U S Oovt coupon 41, IK3,.,,10W
ift
.
Q
i"
3 i
o -
n
t. j .j
n
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v &.
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