"i
i ii'W
L
!
h'
u
w
i S, F0QD4WCIS ;:
JIDmfcM, tf MADKCT
u, nHUwW! .. mnmiu,
U'Retail Rates Forcod Down to
Point Where America Mu3t
Cut Army Figures
-
New fork, Sept. 5. (1)v A. f.)-
' '
The nmpata against food hoarding and
profiteering, In Greater New York has
forced food prices down to such a de
.free, that further reductions by the gov
ernment on Its surplus army food ore
necessary If its prices arc to remain at
t tractive. It was learned last night.
B. J. O'Malley. deputv commissioner
v,of markets, who is devising means;
whereby l.iHHi.uuu pounds ot frozen
poultry, owned by the government and
stored here, can be sold through local
butchers ot cost, plus a slight overhead
for the fowl at the government's price
M.t-.. --nt. o
Of thirtv-two cents n pouuu.
c This figure, he said, was higher than
the orice now asked by private own-
.Vers for storage chicken forced on the
V-rimarltet.b'' 'he nntlihoirelfn r.-,rn-'.;ii.
These stocks, according to Mr. O Mai-
ley, are being offered .for twenty-five
'cents a pound in some cases. Mr.
VMalley sa'd if the government could
sell ot twenty-five cents a pound he
1 might be ab'e to handle the ch'cltcn,
Allowing retail butchys five cents ' a
pound for overhead.
HART COMPANY "TAKEN OVER
Wonderly Firm Ooens Business
With $100,000 Capital
New 'York, Sept. C Articles of in
cornoratlon hive hen fi'ed r th Won-
nerly Company. Inc., a concern which
takes ovfr the buines o' O. A.' Hart
it C3o.. Kingston. N. Y. Tho new com
ruinv is ennita'ized at $100 000. It -is
R under the trtnagement of O. K. AVon-
Oeriy, wno lor me mat tour nmi n nail
yeara has been manager of the G. A.
Hart & Co. store.
ttST HICI
N
;'
83 LowPricedAutombbiles
Of the Motor Vehicles in use in the
United States on January 1, 1918,
83 were priced under $1,250.
Quantity production methods have
made it possible for people of Mod
erate means to own Motor Cars. The
large number of automobile owners
in this, country is one reason for the
stability of the industry.
We will be glad to furnish further
details regarding investment possi
bilities in the Automobile Industry.
MONTGOMERY, & CO.
133 S. Fourth St.
Philadelphia
NEW YOBK
Plgwm furwUtwi Hr NHnl
I I
Civ - i
Nw Ittum
$3,000,000
DURHAM HOSIERY MILLS .,
7 Cumulative Sinking Fund Preferred Stock
Preferred dividends payable November 1. February 1, May 1, August 1.
Preferred as to assets and dividends. Redeemable at J1S0 per sharo and accrued dividend.
"Exempt from normal Federal Income TaZ'Ond from state and municipal taxes In North Carolina.
ItEGJSTRAK TRANSFER AOENT
Chemical National Bank, New Tork Bankers Trust Company, New York
CAPITALIZATION .
THE COMPANY HAS NO FUNDED DEBT
from a Utter written by Mr. J. 8. Carr, Jr., President of the Corporation, toe iiinmaritg aa follows:
BUSINESS i Durham Hotlery Mill are manufacturer of cotton hosiery. They have aa out
put of about 200,000 pair per day.
MANAGEMENT i The same management which has been la charge of the business alnceilBOO
continues the operation of the company.
PROFITS l Net profits alter depreciation and before taxes, for 1910 were $536,257.39) for
1917 were $313,269.37, and for 1918 were 9976,268.20.
PURPOSE OF ISSUE: The entire proceeds to be derived by the Company will be used In the
Company' buslnsss as additional working- capital and to provide for the construction
ef additional plants. Upon completion of these plants the estimated output wIU be
300,000 palra per day. ,
ASSETS) After giving effect to the Introduction of the new capita!, the company will ehew
net current assets In exceas of.$155 per share pf, preferred stock and total net asset
in excess of S248 per share.
SINKING FUNDS A sum equal to three per cent, of the largest amount of preferred stock
at any on time outstanding; must be eat aside annually commencing July 1, 1920,
out of surplus or net profits, for the purchase or redemption of preferred etock at not
exceeding 6120 per share and accrued dividend. This provision is cumulative.
JfptltttUit uUI & mode Jul A Prttmd and Ceiamon ttock clou "B" wt Me fVeio York Stock Euhwn
Legal proceeding in conneeffon with this issue will be subret to approval bv Messrs. Sullivan, and
Cror.noell and Messrs. Reynolds, Richard and McCutcheon for the bankers and bv Messrs. Ovthrie and
Outhrie for the Company. The account have be.en certified by Messrs. Ernst ani Ernst, certified publla
accountants. ,r
BERNHARD, SCHOLLE & CO.
3 Princes Street. London " ( J 4 Wall Street, New York
Edward B
Established, 1 89 J
30 pine si. BANKERS "jU-ftW Su
New York Philadelphia
Members of New York end Philadelphia Stock
Exchanges
Branch Offices at New .London. Conn.,
Allentown and Es.ton, Pa. ,
This Information and thei(Utlstle ar not guaranteed but he been obtained from sources we believe to be
accurate. .
All A tteta naofetf lm seU, Ufa eeWfbtiMat centers w 'matter tf raoard eJy ,
..LONOOrt rripK VA'nKIT'
. I ''' .
Oil Share t&n Active Feature.
General Trading Quiet
London, 8cit. C. Oil shares showed
the most activity on the stock exchange
today, and somo descriptions displayed
strength, Shell Transport and Trading
was 8.0 -lO.
Gllt-cdged Investment issues were
steady. Domestic securities hesitated
with expression on the labor situation
.!. l.-1-f..l
'"" "Viu. '' -.n., i....i. a, a,.
gentino rai's on favorab'c earnings.
Diamonds were buoyant. Dc Beers were
23?i. compared with. 23 at the close
yesterday.
Generally the markets were quiet
ond Irregular.
Refined Sugars Unchanged
New York, Sept. C The refined
sugar market remains unchanged.
Local retlners as a rule rac making
shipments on old orders, but still re
rris und,fnE? ' - l?,. ,"
ner cent for cash for fine graulated.
Haws also arc unchanged at .2Sc for
00 degree centrifugals. The United
States Sugar Equalization Board ar-
ranged yesterdav for the shipment this,
month ot 48-J.uw nags oi uuuas at
n.8Sc, c & f, and 14,500 tons Torto
Iticos ot 7.2Sc, : & f.
CAMBRIA ADVANCE8 PRICES
The Cambria -Steel Comnany has ad-
van-Pfi the price of steel bars $3 a ton
.to $2.50 n pound. Pittsburgh. A slm-
Har upturn has teen made by tne com-
rmny on the price of steel bands, which
nrc now quoted at $3.50 a pound, Pitts-
hurgh. These prices have herti named
by the company on inquiries rhich have season they aggregated GOl.OoO bushels,
come to it. and In some quarters It Is , local authority said that the Amcr
stated that sn'es have been made In lean corn crop is maturing rapidly nnd
small quantities at the new figures. mUch of it is out of the way of frost.
Forged billets have been advanced by; Oats nlso were stronger on good buy
Iho Cambria company $3 a ton, the new ng by commission houses and covering
price being $04 a ton. The demand by shorts induced by the upturn In corn,
continues large, according to trade iq- The advance followed an irregular start,
tercsts, and it is bc'ieved that the new Offerings were light. Cash oats followed
prices will he named by more of thi : hc rise-' in futures with a domestic
indenendents soon.
USS THAN 500
1 46.8?.
500-749
3 11.17.
750-999
J 19.17.
ilOOO-1249
6.1
1 6.9.;
ABOVE l?50
OUICAGO
AmltmtUU CKtmhrr rf Cttnuwes.
(Upon completion of present financing)
Par Valuo Authorized
Preferred Stock $100 $5,000,000
Common Stock Class "A" 100 1,250,000
Common Stock Class "B" 50 .3,260,000
SUBSCRIPTIONS RECEIVED IN PHILADELPHIA BY
-mith & Co.
BETTER TONE SHOWK
IN-MARKET FOR CORN
Firmness Devolops After Losses
, . .
in Early Dealings Oats
Are Stronger
GRAIN BELT WEATHER FORKCAST
CMraro. fpt. K. llllnnli Fnlr and
Saturday probably becoming unsettled
north. Mlanourl and Kama Pair and
rnntlnu'd warm tonlaht and Saturday.
Wisconsin Unfilled tonltht and Balur
day pnhiMv ahowra anl nrmr, Min
nesota probablv ahow-ra tonlaht: warmer
r.orfr 8atu-dav, Inw TTneetMed but
mnettjr fair tonl-ht and Saturday; warm-r.
North Dakota Moa'ly cloudy and unsettled
tonlht and Saturday. South Dako'a
Partlv cloudy tonlaht and Saturday: cooler
Saturday. Nbraka Valr tonlrht and
Saturday. Montana Pirtly clondv and
unttled tnnliht and Saturday. Promina
Fair tnnlahf and Saturday, becoming un
atttlrd Saturday nlsht.
Chicago, Sept. 5. Buying of corn
was of a, much better character today,
the market developed firmness after fur-
.. . .. .. ......i,,,,,! In ,.
luv' """
Initial dealings. Traders were Inclined
to play for a reaction, although all
bulgcsmct selling. The volume of busl-
qcss was not large.
It was the opinion generally that
most of the bearish news had been dis
counted by the recent severe declines.
The demand for the cash article showed
some Improvement, but the purchasers
did not appeo to be inclined to antic! -
pate future needs. Reports from ew
lorn saw that casn nanaicra mere uuu
few orders.
Shipments from the United States for
the week were 133.000 bushe's; for the
rfqucst for the actual article a factor.
Shrinkage in the crop checked bearish
operations. There was no appreciable
Increase in offerings from the country.
leading futurea ranged as follows:
Corn (new delivery)
Open H'ah Low Close
Ppt. ... 1.5K 1 H l.M , l-M,
Dec. ... 1.27W J.3SV4 1.37H 1.31K
PeStV'T. 17S M 74 "B4
Dec. ." 70S 72'i 70S 71i
Test
cloas
i.eoj
7i
70i
I'orK
42.75 M2
30.10
Scr .'.-.sio
lrd
Sept. ...27.10
ot. ...se.oo
Illba
Sept. ...SI. SO
Oct. ... 21.53
Bid.
30.13 37.85
27..10
27.05
37 20
28.00
27.50
7.05
22.60
22.50
2(1.40
36.00
22.75
22.50
21. SO
31.53
31-.80
COMPROMISE DENIED
No
Settlement of Western Pacific
Uncollected Judgment
New Yorli, Sept. 5. Rumors of 8
compromise settlement of the 35.000,
000 uncollected judgment obtnined in
ini" by the Equitab'e Trust Company,
as trustee for Western Pacific Railroad
bondholders, against the .Denver nnd
r.ln Ornndo Railroad were denied yes
terday by Alvin W. Krech, president
of the Equitable and cnuirman. ot tne
Western Pacific board. He said:
"No negotiation, direct or indirect,
relating to a settlement has taken
place. Further, no suggestion of this
character has arisen since the final ad
judication of tho case in the courts."
The judgment was obtained in the
Federal District Court following a de-
fault by the Denver nnd Rio Grande
of interest on a $00,000,000 Western
Pacific bond issue which it had guar
anteed. In an appeal the Supreme
Court upheld the decision.
It is understood a small part of the
iudgment has been collected and that
further steps were blocked when the
government took over the carriers in
1017.
LONDON METAL MARKET
New York. Sept. 5. Cable advices received
at the New York Metal Exchansa this morn
Incr quoted prlcea In London aa follows: Tin
Ppot. (2711 10a; futures, 274: atratta.
380 10a. oil unchanged. Bales Ppot. r.o
tcna: futures. 3SO tons. Copper Spot, 101:
f '.urea, 102, both down 10a. Salea Hpotj
300 tona. Electrolytic copper Spot, 110;
futurea. 130. botn uncnansed. Lead spot.
23 2a 6d. an advance of 3a 6d; futurea,
23 17a 6d. a gain, of 6a. Spelter Spot.
(41. an upturn of 1; futures. 41 13a. a
r&tse of 15b.
CHICAGO BUTTER AND EGGS
Chicago. Sept. 5. BUTTEH Resclpta.
6803 tuba. Market .steady Kxtra.. Me;
flrata 50 34c; atconda. 4804BHC,
EGGS Receipt". 18.150 caaea. Market
ateady. Flrata. 48044c: ordinary firsts. 389
SOc; miscellaneous 8748c
Presently
Outatntvlfne
$3,000,000
1,250,000
3,252,875
Ha IIS n & Co.
'bankers
- 106 South Fourth Street, Philadelphia
BELL PHONE, LOMBARD 681
Members of Philadelphia and New York
' Stock Exchangee
r h - -, r . t
P,hiU$4lphia Markets
GRAIN AND FLOUR
.xn5ATrRMlitt.,28.TT bubll. Prlc
wer a ml
SfyKW.v.V.'. gmOS&l
JiV"Jif,!?, ln,WJSn- tnaard r.rlc No. 1
maintained
but trsdt w
io oo. V,J'. 9'ou o. i normern apr.nr. i
.Vin.V.1' . J1"1 "Inter. 12.39; No. 1 red '
ta'smrv"1',"''. : No. 1 red, amutty. ,
of h... Il,cJV0r,in Corporation's purchaaea
of di-JSL..? "!, on th following- schedule.
No 'SnUV $" 2 wht. 3c under No. l!
No.
100 under
- ...... w uirgrr r.D. l; no. a wneai.
o. li No. 5 wheat. 14a under
ini.' t-.uF0' .' haal otherwlie. conform
ist ?..,,?,?"'cllon " . or batter,
from thivi 'a tf.'1 w"ht. the. alecounl
J--"..!? No s Price will be 3c per buihel
u-h.V. v, ""S.Pouna anc:ncy In teat weight
othr ,1.7.. 7i"i "'"" .o. u ior reaou
bouahi ii1 t,'ncit"er. 'n lt welihta will be
be dlLmPxi' m"U! SrautU- wheat will
anuf! h,?.n!d erdn- to the degree of
u7d.V'iht.!n. no "'?. '"" n 2c per buthel
Wk wh..iim,E0,,A,ni' "ur arade. Oar
fo?e "o 5J, i ' i;.l"'counted Juat na hereto, i
MlrtKf.,V1h.'L,rSm ,h reitular rade. ,
S"Ke?.hJt wl be dlacounled from 2c to I
rranin iui. a.
mlxtGrah,,?, . ""V'y "nd condition of
Sad. ,S.5ut..un,.eM othrwe Inetructed. the
wheat ".vpmK!.1 PI.01"! uuin No- 3 mU'1
. s. , ,.nrf.. JL,,,e,phl Ju,t a heretofore. I.
e-VZ(yinle.th correipondlnc remlar erade.
llttie dem.oVi ".p-5- 377S bu,hel( TheFe wa
iotaMop in?iU0.t t0 a"'v. S-ellow In car
t?on. at Iini'.'1',"vt0vq?al"' aniS loca
niJfa i "P3 P"- buahel ..
waa dun".",cE1,, l-818 buehela. Trade
Ca- in?. .V.thf ,a ! llnr. We quote;
ti. te" 5' to location No 1 white SOI
Buain...",,.. ".""" ":?.K"-V. B.. In earka
Kanaal-ahoeJ J'.V.V''. "'".. .'"""S9!
old "iffsowi'S: yi-oisr"pteSt
Si -.''OIPISi do. do n'w 1I1.2.1S11 :
Is TSffL.S.v'"' old- ,9 "lOi'doi do! new."
RYE KIXIUR wa dull ' and unchanred
t,Uqu,a,y. ,8-3508-30 Per"'bbI.!,B.Btar5S..
moIce;rtJi,?r7;I1n mark;' ruled ateady under
S.?J 5... I"JP'l Dt "J0 """ 'or which
Backed tJ(;'r d'mand' Quotallona; 8oHd.
Sood:dnnr"m'ry.V .'&" , hlah-acorlnr
;n nrate. sc nfai. ' mu A'C'-.V:'
: vvmi. liic laiipr inr irrthinaa aalaa
O I II '11C. SWCft Creamrrv rhn fsnv t
hlESr-JMr !?. j!?a .""! t.nw
?orarnhd"irenf fttiticiWr" at M? falr
Eoos-cholce .tork met lth prompt sale I
ana prlcta ruled firm
.i.i uroinpi sue
J-ree case., nearhv. !ln?n .....;. .......
. ..... .uic, niiu. in, niinrntinn-;
rr nta h.. ?.. -" T" .'.. '.7.lc. ' Ic"fc
g-radt. lis BO- fair to
apoo. JH Jnen.i;
im.A '""'.inr.itrn xira nr.ta.
!5i?i .Ktr.i.,Mi fl"i"- IKW: nearbv
f.rir ii'Tl' "oonda 13 50014 10: In-
bln1gOratO0103criprando'n:,W,C" '"' ,0b"
PROVISIONS
The quotatlona follow: rieef In ata.
smoked and alrlrled. 54c. beef, knucklea
;"".ieno". smoked nnd alr-drled. 53c: no k.
tami v. nv. hama m t ...... i.. "..'
oo, skinned looiie. matm.. n . ..i..
ar.... hm. W...L r-r "" "" t".
ihouldeP.'-S. T. cuiS loos. WS3c-P1Cdo
S?e0.kSi,l??Ji Sl'. "'pickieV'looM:
33c: breakfast bacon. 42c: lard. S3c.
REFINED SUGARS
nrHL.?"""1?8 restricted business and
nn."Brrnulatend':hanee'1 " a ba!"' of 8c ,or
DAIRY PRODUCTS
k.f1lSi?lEr"DemJld W8S falr "" 'h "r
Ket ruled Arm under I ght ortermga. The
quotations follow: xir York and Vla
conaln. whole-mllk flats, current make.
tvZl'i?'.&M'V D'fl higher: New
York and Wlsconaln. whole-milk Hate, cur
rent make, fair to good. 81S3:c, Jobbing
sales of fancy goods. 83034c -""""a
POULTRY
..Jti:.ZKl- .P01 Mahorna. fancy, fat,
..v..,,,, " ioa apiece ana over, via
express. 3436c: exceptional lots higher:
rouls, not Lechorns. smaller eliee. vln ex
press 32 33c. fowla White Lcgnorns. Ma
express 3UW31c: spring chickens broilers,
not Leghorns llnwsklnned. wclithlng 1H ft.
1 lbs. opleco. 34633c: txceptlonal lota nisher:
aprlni; chickens broilers, not Ltsliorns,
31 f 33c; ,Wlilto Leghorns. etlo -skinned,
weighing 14 $,- lbs apiece. 30c, While Leg
horns, ycllon'-.klnneil. nmaller elziu, HOl'Dc
rooster. S30'.'4c: ducks, aprlnu, i'Sc: do.
'fSJ11!. old .S'fcMci do. Indian llunner. old.
-2ic: pigeons, old. per pair. 40c; do.
sounc per pair, 35iMOc.
DRBSSBD Kowla. fresh-kllled. dn--Dlck-
td. In boxes-Weighing 4 lbs. and over
piece, ii ic; weignine 4 IDs. apiece. 4Uo,
weighing 3V4 lbs . 3Srf3c: weighing 3 lbs..
35P30c: smaller alics. 3234c. rowla.
fresh-kllled.. in bbla.. d y-plcked Weighing
ids. ana over apiece, 4ic: weighing 4
lbs.. 40c. weighing 3V4 lbs.. 37(J38c: weigh
Ing 3 lbs.. 34Q35c: smaller s:2ee. 31033c.
Old roosters, dry-picked. L'7c. Broilers, Jer
sey, choice. 4S80c: do. other nearby, 38-J
40c. Brolle a. western, welghlne H42 lbs.
uvicte, oiiiu-otc. .nicKens. western, weigh'
Inff 2U(?2Si lhs. an),)., n'm,kr. Rnrinp
duckl'ngs. nearby, an to nnallfv. niAHX..
ciquiDs. pe dozen white, welrhing 11 to
'hlte, we
odo.23;
12 lbs. per doien. $8.500.23: white, welah.
Ing 0 to 10 lhs. per dozen, $7.608.2,1;
mte, sisiuns o ids. per dozen, !tj70.7o;
do, do. 7 lbs. per dozen. 4.503.23; do, do,
SW lbs. per dozen, $2.50(43 60. Dark,
11.50(52.25. Small and No. 2. 60c$2.
FRESH FRUITS
Peaches and apple are In good demand
and firm. Other fruits steady. We quote:
Apple, per basket. AOc&Jl 73; do. per
bushel hamper. 50c$2. do. per bbl..- $3.50
6T8' cantaloupes. New Jersey, per basket,
154? 75c; do, western, per flat crate, J1.1.1S)'
1.60 watermelons. Jersey, per 100. $8Q15;
peaches New Jersey, per crate $203: do.
New Jersey, per basket. $12, pears. Dart
lett, per bushel. $2'&3; grapes Concord, per
pony basket. 18W22c do. Delaware, per
8.basket crate. $1 7562, lemons, per box,
f3.20W5.80, oranges, California, per box,
il.700a.33.
VEGETABLES
Potatoes and onlona are firm, while cab
bage is more plentiful and lower. We quote:
White potatoes. Eastern Shore Virginia, cr
bbl No. 1 $3.754.75: No. 2. 2.503.
Whit potatoes, Jersey, per bssket No. 1.
$11.23: lower cradea 60000c White po
tatoea. per 150-lb. sack. J3.7504.5O. Sweet
potatoes, southern, per bbl. No. 1. $4 5X4.50;
No. 2. $2.60. Sweet potatoes. Jersey, per
basket. $1.25 01.50. Cahhare New Jersev,
per basket. 60080c: do. New Tork, domestic
per ton. $0. Onions .N'w Jersey, p r
basket, 11.2591. SO: do. Now Jersey, per
bushel hamner, $1.6002.23: do. por 100-lb.
sack. $2.6008.73.
BUTTER, EGGS AND CHEE8E
New York. Sept. 8. BUTTER Receipts.
13.632 tubs. Market Irregular. High scor.
in 58059c: extras 58c. Inside: flrsts. &8GP
57Hc; seconds. B032'-ic: state dairy. 57H
056c.
EGOS Receipts. 21.202 cases. Market
steady. - Fresh-gathered extras. SS&BOc:
storage-packed firsts. 4BW 48c: gathered
""a flrats 4731c: dirties No. 1. 38O40--No.
2 30037c: firsts. 4748c: seconds. 42
48c: state and nearby hennery whites. 73fl
74c: gsfered whites 650T"c: W'tern
whites. 60071c: Paclllc coast. 68 63c: west
era and southern athered wh les, 6883c:
state and nearby hennery browns. 0 83c:
gathered browna and mixed colors. 6575c:
fair to prime. 48054c: Refrigerator. No. 1.
isiTc: No. 2. 44 a 45c; checks. No. 1 34
038e: No. 2'2833c.
CHEESE Receipts. 4883 boxes. Market
steady. Flat, current make, colored, average
run. S0O304c. AM current, make, white
a warn run. SOWT"- cnlor-d specials.
SlOSlHc; white ar. ' 31031V4C
Liver- Cotton
Liverpool, Scp's ". Spot cotton In
the early dealing today was quiet with
middline quoted at 18.15d. Receipts
were 1000 bales, American n6nc. Sales
wero 4000 bales, of which 3000( bales
wero American. In tho early trading
futures ruled steady. American, mid
dling fair. 20.CSd; middling, 10.25d;
fully middling, 18.75d; middling,
18.1M; low middling, ItMOd; good
ordinary, 14.75d; ordinary, I4.22d.
New York Metal Market
New Vork. Sept. 5., Copper Spot .and
September . 21 WSStte: October. "2V
23Hc: November. 23ft 23Uc; December.
22K23ftc: Jsnuary. 23234c: market
ateady. Lead Spot. 5 80c bid; September,
8.85o bid: October. 6.70c bid: November.
B.TSc bid: December. 6.80c bid: market
steady, bpelter. East fct. Louis 8pot and
September 7 85p7.Wc: October and Novem.
ber 7.H OT.Hci December. 7 40O7.65c) mar
krt dull.
Atsrfal (VlUnaV CamtiMtd ihectB
FAUalGirclBaarl Mitai Cornice
EpavWAuHJLith Gxannelf
Concrete Kavcntorcemtmr
PENNMETAL COMPANXifd.1
' Manu&ctutvtr ofJffet Iron
and Steffi Buidtti$ Material
i75.maTtanStreetrMu
SUPPORT IS-LACKING
on cohon exchange;
Liquidation induced by Perfect
' '
Weather Map New Low
Levels Reached
COTTON BELT WEATHER CONDITIONd
New York. Sept. B The followlne tem-
peratur'a ere recorded In the c'ton belt
thla mornlns: Ohattnoca and Knoxvl'le.
00! Ab'Iene. Macon and Nashville. 62;
Oklahoma City Little nock. Meridian find
Autuata, 64. Tort Smith Saannah and
Wllmlnaton. 60; Memphis and Vckaburc.
6. Shreveport. Corpua Chrlstl and Charlea
ton "0: Atlanta 72: San Antonio Gal
veston. New Orleans Tampa Jacksonville
end Pensacola. 74. The following preclpl
tatlona were recorded .02 Inch at Son
An'onlo .08 Inch at New Orleans. .18 Inch
at renaacola, and .BO Inch at Qahftton.
New York, Sept. C. The cotton
market had a fairly steady opening
today, but lacked support other than
what was furnished by scattered cover
ing orders. First prices were 1 to 14
points higher on near and 2 to G points
lower on late months. 0
Subsequently the market sold 10 to 15
points under the previous close, due to
further liquidation and southern selling
induced by an almost perfect weather
map.
Tho 'l.mnrnJt-iArl ..rHt-liin nt .torlit?.
?0$ro-c?::rlt S .ft.' ? I
10:lo o clock, at which timo the mar-
ket was about 20 points net lower,
representing new low levels for the
nr.eont clnvwiwnril movement
The mnrket lntpr tiirnpd firmer nnd
during the middle of tho morning sold
about 10 to 10 points above last night's
1 I
lcitnf flret.i.ne
rpu ".,
L J..?f5 "?S loC b,'T,n?, m, .th? ",'.
pec,lau, n ot ',l r,ally a,tc,r l"e U1B D"?K
.,-,!,, .,,,1 , .! . ., ,!,
i jvdhiu. huu Mifv vimiius iui . mv
j-D..t...wj t.u, .iif.v vuv.iuk " w.v .uu
I eiVatALT .AMfl W trtK n fe r1tir1 f itrtli Ai prtn
" ,. .., ,.,.,. . t . , , .. .. .
. .. ' """-" ""'"" .".";. out-
tering liquidation and southern hedge
selling. I
The receipts at the ports for the day
arc estimated at 8000 bales, com i
pared with 7870 bales a week ago, and j
18,147 bales n year ago.
11:00
a m
1:30
Ye close
. 21 01D0.0S
. 29.351921) 8T
. 20.25(3 28 30
.2D 40
. 20.4SiJ2n.4n
. 20. .12 iS SO 53
Open
p. m.
as! 06
Oct.
21) 02
20 35
20 20
M42
20.50
20 no
20.35
20.27
::
,.
.i.
Feb. . ,
Ma'ch
May .,
Bid.
LIVESTOCK QUOTATIONS
rhlcaco. Sept 5 1IOOS Receipts. 13..
000'head. Unen but steadv, with ve.ter
day's aersge Tqga $20 Heavy. S17.&0&
10 .10: medium 1K20: light weight. 118 73
($20. light. Sl 2.1R10..10: heavy packing
aow-a. smooth, JIB 25tf 17 23: packing; sows,
routh. 15.7B10 23. pigs. 113 50(418.75
CATTLE rtecelots, 2000 head Deef
atee-s and butchers alow and about steady
Top. 117.60 for yearlings. Calves and fed
e s steady. Berf steers, choice and prime.
$1A25(318: medium nnd good, $11.73
$10.75: common. 0 SOift 11 75: light weight,
good and choice, 113 75(317 75; common and
medium. $9 50ffis.75 butcher heifer. $7
14 75: cows, $6 75013.50. calves. S20(21
SHEEP Receipts 10.00D head. Native
Ismba slow to 25c higher. Top, $15; western I
mostly 15c lower Top. $15 23. Sheep
teady. Feeders active
Kansas Cltn. Sept .". HOGS Receipts,
4COO head. Market steady Top $10 no
rulk. $18 50CW10.4U. henvles. $lrt.25ialn
medium. 1S. 2310 40 lights, $18.10ln 50
light IlKhts. $17 TAG 18 7.1. htv packlnc
sows $1flfel7 2.1 piss, $14 2. 010.23
CATTLE Rorelpts 1100 head nnd 200
calves. Market Irregular rtecf ste'rn M
him nnd heavy, choice and prime $17fi18.50;
medium and good. $14 50010 00: common
til 55W13 40: light KOOd nnd choice,. $13 DO
V17.75; common and medium R 75014 10.
butcher cattle, heifers S(125t4: cows,
rt.I5fi'12. ennnera end cutter 1.V2.HS tt 10
veal calvrs $13.751(1. feeder steers, $0.13
(S13 2.V ttocker steers, $K mai 10.73. I
anbLr jteceipis, ,tmm neaa. larKe.
ateady. Lambs. 84 pounds or lees. $11 &
15.25; culls and common. $7tfHn; yearllni
wethers I010.75- ewrs $H 238..".0: culls
and common. $34tO breedlnnr ewes $857
14.75: feeder lambs. 1213 75.
rlttablinh. Seut -. HOGS Recelnts.
1000 head Lower Heavies. $1919.50:
h.tvv vorkers $2ntfr22.21: llffht
yorkers.
$18 50(310. 21: plas. f lR.5n18 7.1.
I snst.' a.-nu i.a.iiijs iieceipis. -iuu neaa
Steady. Tod sheep.
$11 25, top lamb..
$16.75
CALVES Receipts.
120 head. Steady.
Top. $22.30.
Mast Buffalo. N. Y.. Sect. S. CATTLE I
Receipts. D00 head. Oood Lteady: common.
slow. Calves, receipts. 700 head; $1
higher. $71323.50.
iiuuo ueceipis. oii neaa ateaav ui
25c lower Heavy. $19.50: ynrkere. $20 25
020.60: light yorkers. $18.50010: pics. $1S
I8 60: roughs $10to 10 23: stags $1043-13
SHEEP AND LAMBS Receipts. 2O.I0
head. Lambs. 23c higher. Lambs. $80
16.30: otners unchf""",1
K.ist St. Loul. Sept 3 HOGS Receipts.
(1500 head Una-ttled Top. Sltl.73. Bulk.
$10.23(iill) fii Heavj. JiiKain.so: medium
m.23Cf 10 73. light $18.50lSl.6O. light
llehts. $l 25i1 11 23 UesiVy packing sows
smooth. $15.5016.30 packing sows, rough,
.,. nn jo: pigs. $15018.50. .
CATTLE KeceVs. 1.10(1 head. Steads '
Reef steers, medium and heavy, cholco and
prime. $18.75018: medium and good I
. 1 0; common. $0 75011: light, good
and choice. $10.730 16.60; common and me
dium. $.7Btf 10.75: butcher cattle, heifers.
$fl. 75 15.50; cows. $8.75(311. 50: canners
and cutters. $3.7308.75; veal calves. $15 50
020: feeder steers, ti.suvii.w; stocKer
steers 7 ft 10.25.
SHEEP Reclpts. 1400 head. Steady to
higher. Lambs, $12,301,313 2.1: culls and
common, srt(M2; jea-I'ng wethers, SOO-ll.
ewea. medium a-io choice. $0O8; culls and
common. $305.50.
Rnrith Omaha, S di 5 HOOS Reclpts.
3SOO head. Ten cents to 13e lower than ves
terday's average. Hulk. $17017.50. Top,
$18.50.
CATTLE Receipts, TO00 head. Beef and
butchers steady. Stockers and feeders 25c
lower.
SHEEP Receipts. 23 (W hd Oi"-'iw
sales killing classes steady, nith csterda's
rinse.
Hamburg Pmport and
Export Company
with ample capital desires
AGENCY
tor a Urge Arm also busing a principals.
A change of food products and raw ma.
terlals against Iron and hardware, and
othe articles may also be considered. Of
fer under D. D. 003 to Uuvar.
HAASENSTEIN & V0GLER A. G.
UAJIllCIlO
STKAMHO,T XOTirES
BROOKS STEAMSHIP
CORPORATION
pniLADELPlIIA AND NEW YORK te
HAUBVMI. "&& DANZ'
BUSHONG September 4
ANOKA September 5
AWENSDAW September 6
r ORI.KANS fa Bt'RNOH AIRES
ALDERMAN September 7
AROENTA September 12
A 1 Llojdi Reclster
Per Rate and Information Annlr
MEGEE. STEER & COMPANY
4(11-465-467 Dreitl Rulldlnr
rbllaitlphla Lombard 0-t!n
EARN LINE
Philadelphia Havana
GENERAL CARGO
U. S. Shipping Board Steel Steamers
5.S."LAKEGALERA"....Sept. 15
9. S. "LAKE FLUVANNA" Oct. 3
For rates and particnlars apply lo
Earn Line Steamship Co.
i , tu Bsuitt ja..-,rhniateM
L SON
SUMMONS
UNREST MEETING
Need for Conference)
, , . .... - ., "The wastages of war have seriously
President Sends Letter Calling Interfered with the natural course of
, , ., , . our Industrial and economic develop-
on Leaders to Nominate ment. The nervous tension of our peo-
I p!c has not yet relaxed to normnl.
Their Delegates i "The necessity of devising at once
! methods by which ne can speedily re
cover from this condition and obviate
PIfiM IC CCT CfiR DPT R the wastefulness caused by the con tin
OCOaiUN & bfcl run UUI. 0 d tnterrUDtion of many of our impor
Waslilnclon, Sept. u. Presideut Wil
son's conference of capital nnd labor,
designed na an effective method of deal
ing with the '-resent nroblem o' Indus
trial unrest, will be held in Washington
October 0. Fortv-five delegates, rep
resenting the industrfal. financiil. labor
nnd ncrlenltni-al interests of tbo -ouu-try.
ns well ns that portion or the nop
ulatlon known as the "general public."
will be invited by the President. The
opening sessions of the conference will
be at the White House.
The President's njans were revealed
yesterday in n letter to officials of the
interested organizations.
President Wilson's Lctler
The President's letter says :
"For the purpose of reaching if pos
sible some common ground of agree
ment and action with record to the
S edcomMncic?gluSdgmeIntdo!fi
.,. nminxri Dr,ni
desire to
rep
resentative emplojers, representative
employes and representatives of the gen
eral public conversant with these mat
ters, and for the accomplishment oi
that purpose I have decided to call a
conference of five persons to bo se'ected
V,T ,th? JF,h?mbc' ?f Commerce of the
ITttnrl Cinrnj nf A iiiaoirtii filer t-ififVtina
I- UlVtU WKIV.J J l lliiict ll,u.e nil. ijvauru
- L -l.i.l 1 a . 1 fuJ.....t.l
Conference Uoircl. fifteen persons to be
se'ected by the American Federation of
V '."' .7' """. ",..... t I
,nnnr. r i'.tp nnrsntw rn iw RPirrrrn ii'
..nn, ,ii"r n,ann. rr ip ep pnrrn nv '
il t ! iJ J .. n
, .". ,.......... w .-.. -,
Ine lurmiug organiziuions una io ici
sous to be selected by the investment
bankers to confer with littecn rcprcsen-
tatives of the general pub'ic whom I
shall select. thoe representatives to
'"' " th,c cl of aslilncjton October
0 1010, for the purpose of consulting
l together on the grcnt and vital ques
tions affecting our industrial life and
their consequent effett upon all our
people to discuss such methods as have
nh-cadv been tried out of bringing cap-
2R-.7.Vitn1 nnd labor into close co-operation,
TRANS1
APPLIANCES.
Valley IronWferks
Commercial TVust Bldq.
NEW YORK
SHIPBUILDING
CORPORATION
has steady work, good wagea and
excellent working coniltlona. There
are openlnga In nearly all branches
for tkl'led mechanics.
Apply Employment
Department at the Yards
Camden, N. J.
Blower Eqmpueati,
Healins, Ventilation an J
Eihiait Sritemi,
Sbetl-MeUi Work,
Stfelj Gnirdi.
' C. H. RAUB
(Vsrne Ave. Ac Berklej
St.. Philadelphia, Pi.
1?
COMMERCIAL STEEL
PRODUCTS CO.
nmt". (Spikes, etc.. WMr rinth. Vflnden
srd Poor Screen 4'loth. Ire Work, Win
dow Guards, l'artitlon and Railings.
MI products of Iron and Steel
Pennsylvania Bldff. sprnrenM
VULCANITE
Portland Cement
Philadelphia New York Bostoo
IIIGn QUALITY QUICK SERVICE
Motor Truck Delivery
IarsflalcFonnflryCo.
n(t''Ip la. P-ov T,frftr1nl 4T
0. W. KETCHAM
Afanofacturer of
Architectural terra Cotta,
Bricks
Hollow '1 ile, Etc
Chas. J. Webb & Co.
Wool
and Cotton Yarns
116 Cb""t n.i-Jit.,
NAGLE
STEEL COMPANY
STEEL PLATES ANn SHEETS
Pottstown, Pa.
Phila. Office, 1411 Morris Bid);.
JULIAN S. SIMSOHN
An Organization of
CHEMICAL ENGINEERS
For Technical Operation of Power Plants
Water Purification Coal Analyses
Combustion
S. E. Cor. Broad and Girard Ave.
pH&dlf-
WW
iluSJr
THE BALDWIN
LocomotiveWorks
Steam and Gasoline
LOCOMOTIVES
Philadelphia, Pa.
and to canvas 'arary rdtsrabt fttetur el
the present Industrial, iroatiofi tot. Mr
purpjse ot enabling us to work oat it
possible In. ft .genuine spirit of co-operation
a practicable raethod ot association
hosed upon a real community of Interest
which will redound to tbo welfare of all
our people.
tant industrial enterprises ny striKcs
and lockouts emphasizes the need for a
meeting of minds in n confcrcnco such
ns I have suggested.
"I am sure that your organization
will gladly bear the expenses of its own
renresentativp to n confcipncp called for
such an important purpose and I would,
therefore, request that you select five
persons to act as the representatives of
the (name of organization addressed) in
the conference and advise the secretary
of labor of the uatnes and addresses of
the persons selected so that he may
make the necessary arrangements for
th" meeting."
The President will select the fifteen
representatives of tho public, but the
representatives of the other groups will
be selected by beads of their organlza.
tious.
Invitations to select representatives of
the conference were sent to the follow
ing: Homer L. Ferguson, president of thi
Chamber of Commerce of the United
States : Magnus W. Alexander, manag
ing director of tbo national industrial
conference board : Samuel Gompers,
president of the American Federation
of Labor; William O. Baker, Jr., pres
ident of tho Investment Bankers' As
sociation ; ,T. N. Tittemorc, president
of tho American Society of Equity ;
Oliver Wilson, president of the Na
tional Grange, and C. S. Ilarrett, pres-
ident of the National Fnrmers' Union.
The last three will name the farmers'
representatives.
READJUSTMENT
OF
Maxwell Motor Company, Inc.
AND
Chalmers Motor Corporation
To Stockholder of
MAXWELL MOTOR COMPANY, Inc., and of
CHALMERS MOTOR CORPORATION,
and
To Holder of First Mortgage Six Per Cent Five-Year Gold Note of
CHALMERS MOTOR COMPANY:
TheTjndersigned Committee ha prepared a Plan and Agreement
dated August 30, 1919, for the readjustment of Maxwell Motor Com
pany, Inc., and of 'Chalmers Motor Corporation, which contemplate
their merger into one new corporation to be organized for that pur
pose. The Plan has been submitted to, and approved by, the board of
directors of Maxwell Motor Company, Inc., and of Chalmers Motor
Corporation.
In order that the Plan may be carried out with the least possible do
lay and the benefit of the readjustment quickly realized, the Committee;
urge the prompt deposit of the existing securities, a pr6vided irrthe
Plan, with the Depositary, Central Union Trust Company of New
York, 80 Broadway. New York City, which will iatue its transfeablo
certificates of deposit therefor. All stock certificates deposited must
be either indorsed in blank for transfer or accompanied by proper
transfers in blank duly executed, and must bear proper stamps for
transfer a required by the laws of the United States and of the State
of New York. All Notes of the Chalmers Motor Company deposited
must be in negotiable form and must be accompanied by the coupon
due April I, 1920, and all subsequent coupons. Tho coupon appur-'
tenant to said Notes due October I, 1919, should bo detached prior to
the deposit of said Notes and collected in the usual manner.
Copies of the Plan and Agreement of Readjustment may be ob
tained from the Depositary and from the Secretary of tha Committee.
Dated, New York, ''September
HAItnY BBONNKU.
Chairman.
JAMES C. BRADY,
JOHN R. MOSRO.N,
ELTON PARKS.
.lui.r.s s. nAciiE,
HUGH CHALMERS.
J. HORACIS UARDIMG,
Committee
r B. HUGHES. Secretary.. N
SO Broadway, New York City.
A Weekly Conference
of Financial Experts-
in your office
Such in fact is the arrival
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it brings to you the facts
and figures which show
the tendencies of the na
tion's business.
The ANNALIST presents
data, charts and pithy ar
ticles on the rise and fall
of raw material prices, of
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serves; trend of legisla
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THE ANNALIST
A Magazine of Finance,
Commerce and Economics
Published by The New York Times
Company, Times Square, New York
The Annalist, Times Square, New York.
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Name
Address
f ., ..t.
899,432 Dozen Pairs Exporttii-;f
From United States
In June !
Neir Vork, Sent. B. Bxae 'SfJO,
432 doien pairs of cotton 'tocilnH
valued at $2,525,800 were exported from
the United States during June, while
the exports of hosiery of artificial Wc
amounted to 203.048 dozen pain valued
at S1.17S.304, according .to the bureau
of foreign and domestic commerce.
England. Denmark nnd Argentina
ranked in the order named as the larg
est purchasers of American-made cotton
hosiery; whi'e England, Denmark and
Australia wero the largest, purchasers
of our artificial silk hosiery. During
June England purchased 160,183 dozen
pairs of cotton hose valned at $532,555
nnd 05.757 dozen nairs of artificial hose,
va'ued at $505,820.
Denmark bought cotton, 147,325
dozen pairs valued at $415,762, 'and
silk 31,487 dozen pairs, valued at $204,
GOO. Argentina bought cotton. 77,964
dozen pairs, valued at $233,208. and
si'k, 15,114 dozen pairs, valued at
$05,002. Australia, cotton, 77,270
dozen pairs, valued at $236,661, nod
silk, 17,030 dozen pairs, valued at
?82,055:
Man Thrown Under Horaea' Heel
A farm wagon which Richard Be4
ford, nineteen years old, was driving
Into Moorestown, N. J., today was
struck by a trolley car. Bedford (ell
under the heels of his horses, narrowly
escaping death. At Cooper Hospital,
Belgium Bars Coal Exports
Antwe-rt. Sent. 5. M. Jasner, min
ister of economics, announced today that
""oefntinnx of en"' f'om Be'gium ,httd
been strictly prohibited, the sten being
taken to safeguard Belgian Industries.
5, 1919.
Stockholders of Maxwell
Motor Company, Inc.
Stockholder of Chalmer
Motor Corporation.
A Key to the Attention
of Executives
THE ANNALIST ap
peals to big business men
men of great purchasing;
power men of large per
sonal means. They read
it carefully it is of im
portancc to them.
THE ANNALIST of.
fers you a key to their
attention.
Why not send for our"
advertising rates?
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