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VEtflSte PUBLIC LElDaERBH!alDEi;paM - tigWDfiX? ' ajPBTOMtl $1J
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What's Coming
ThfsFali?
Will prices rise further
or drop? What's the pros
pect for Christinas busi
ness? Where will Labor's
, next move take us?
Dullness right now stands In
sa peculiar position. .
Babson'pi Itarometer letter of
Sept. X,"Wliat's Coming This FaHT"
goes straight to the heart of things
and outlines the Inevitable trend
of events so clearly pointed out by
present fundamentals conditions.
A few copies are available for dis
tribution to executives, aratlt. A
request on your letterhead will
brine one. '
Address Dcpt. 4146
Babion's Statistical Orianiiation
Wellesler Hills', Mam.
The Largett OraanitatUm ef Itt
Character in the "World
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK
LABOR PROBLEM CHILLS
SPECULATIVE ENTHUSIASM
Vacillating Price Movement Reflected Uncertainty of Outcome
of President's Intervention in Steel Controversy
PENNSYLVANIA MUNICIPALS
Free Pennsylvania Tax
& Government Taxea
Bought Sold Quoted
MARTIN & CO.
Ull WM.NUT ST.
H
FINANCIAL
Redemption Nollre
viwtM iw nmmiMinw nr nnvna
Notice l hereby given that KENTUCJCli
RIVER Oil. COMFANI nas canea ror re
demption on October 1. 1919, at the omce of
the Merchants Union Trnet Company, 715-17
Chestnut St.. Philadelphia, all of lta Flrat
Mortsnae Ten Tear Sinking Fund .Six Per
Cent. Gold Bonds, dated April 2. 1017. and
secured by the. mortgage of Kentucky niver
Oil Company to Merchants Union Trust
Company, dated as of the Becond day of
April 1017. at 103 of their face value,
plus Interest tn date of redemption.
The bonds of this Issue may be presented
to the Merchants Union Trust Company for
redemrtlon prior to October 1. 1010, and
they will be redeemed at their face value,
plus a premium of 8. and Interest to tha
date of redemption Interest mil not accrue
after October 1. 1010.
KENTUCKY lUVER OH, COMPANT.
By GEORGE W. KENDIUCK, 8d.
Vice-President.
Dividends
4MEMCAN CAR A FOUNDRY COMPANY
New York. September 4. 1010.
PREFERRED CATITAI. STOCK
DIVIDEND NO. 82
A dividend of one nnd three-auarters per
rent (1) on the Preferred Stock of this
Company has this day been declared, payable
Wednesday, October 1, 1010, to stockholders
of record at the close of buelneas Monday.
Beptember 15. 1010.
Checks -wilt be mailed by the Guaranty
Trust Company of New York
8. S. DeUANO. Treasurer.
H. C WICK, Secretary.
AMERICAN CAR St FOUNDRY COMPANY
New York. September 4. 1018.
COMMON CAPITAL STOCK
DIVIDEND NO. 68
A quarterly dhldend of three per cent
(3) on the Common Stock of this Company
has this day been declared, payable Wednes
day, October 1, 1019, to stockholders of rec
ord at the close of business Monday, Sep
tember 15. 1010.
Checks win be mailed by the Guaranty
Trust Company of New York.
S. 8. DI.ANO. Treasurer.
II. C. WICK. Secretary.
AT A MEKTINO OF THF, HOARD OF DI
RECTORS of tllo CONTINENTAIEQUI
TABI.K TITLE AND TRUST COMPANY,
held September 4, 1010, a semi-annual dlvl-
aena oi - ix.wi per
dividend of 1 50o
4". iss.oo per share) and an extra
mviuena 01 !- otre per nnnrej. was de
clared, payable September 25, 1010. to stock-
tievr York, Sept. 0. It would re
quire a wide stretching of imagination
to pldco any particular significance
upon tho narrow vacillating movement
of today's brief stock market. The ir
regularity nnd the marked curtailment
of speculative activity was a natural
aftermath of the week's violent fluctua
tions. With the uncertainty of the
labor situation staring them in the face.
the trading contingent showed a mnrked
disinclination to cither extend existing
commitments or put out new lines.
Gompers's alarmist telegram put quite
a different light on tho labor situation,
which up until yesterday had all the
earmarks of approaching a happy so
lution. There were many, however,
to bo found .in the financial community
this morning of the opinion that en
tirely too much importance had been
put on tho incident. This belief no
doubt was sincere, yet nouo seems to
possess tho courage of their conviction.
Like tho majority, they were more in
clined to sit tight and await develop
ments. One of tho more encouraging features
attending the day's brief session was
tho increasing degree of resiliency which
tho market as a whole developed as the
session progressed. This exerted an
effective check ngninst renewed aggres
siveness on the part of the bearish con
tingent, who have grown in rapid num
bers the past forty-eight hours. At
the same time the constructionists
showed little inclination to force ral
lies, on the contrary, were disposed to
permit the market drift for itself, there
by letting it find its own common level.
necaue of the week's erratic price
movement there was considerable in
crease in the familiar week-end evening
ready at all times to tuke advantage, of
every signs of heaviness, but there was
evidently sufficient underlying support
ing orders from the more important in
terests to offset aggressive drives. U.
S. Steel furnished ft fulr indication of
tho uncertain trend of tho market
fluctuating within ft range of a point.
Whether it represented short cover
ing or not the opening transactions un
covered a fairly good underlying buying
demand and for a time offcrlrfgs were
easily absorbed. Tho rallies met fresh
selling pressure nnd carried prices down
1 to 2 points. This was followed by
a fresh rally, but the rebound lacked the
vigor attending tho recoveries earlier
in the week. The market then drifted
Into a narrow rut, indicating the wide
spread of tho waiting attitude.
The trading In both Crucible Steel
nnd Baldwin Locomotive was greatly
subdued. There was still considerable
discussion concerning the round-up of
the Cruclblo shorts. It, however, Is
the consensus of opinion In market cir
cles that the time has passed for the
reports about a privato settlement of
shorts In Cruclblo Steel to serve fur
ther consideration. Generally It must
be assumed that statements that an offer
on the part of the shorts to settle pri
vately at 225 are correct. One story
current in market circles was that a
short interest of 60,000 shares had been
settled privately nt 100.
Many who have made a close study
of the trading in the stock, however,
believe there had been intervention on
the part of the 'stock exchange authori
ties that resulted in calling a halt In
the spectacular bullish operations, nnd
that the market had been left to the
Rhorts to cover in if they could. The
up operations, representing n great deal statement was made today by a com
of shifting of nccounts and thereby potent market expert that the only way
making the trend of the market in-in which those shorts could be covered
definite and conflicting. was by buying the stock and not scll-
The bearish contingent naturally were Jing It.
STABILITY LACKING
Neiv York Bonds
Anglo-French Bs
IN STOCKMARKET
Price Fluctuations Narrow and
Trading Mixed Due to Sat
urday Absenteeism
holders of record September 15,
i;necxs win ne mailed.
JOHN V LOL'GIINEY. Treaaurer.
THE ELECTRIC STORAGE BATTERY
Allerheny Avenue and loth Street.
Philadelphia, Sept. 3. 1919
The Directors have declared a dividend of
Two Dollar (SI. 00) per share from the net
earnlnga of the Company on both Common
and Preferred Stocks, rumble October 1,
1910. to stockholders of record at the close
of business on September 15. 1019. Checks
will b mulled
WAT.TT.n O HENDERSON. Treas.
,-. Pronoaals
TKOPOSAI.S FOR DREDGING U, 8. Encr
- Offlce. Old Federal Dlda , Wilmington
Del. Sealed proposals will bs received hers
until 11 a. m., Oct. 4. 1010, and then opened
for i,reilglng Cooper rlv.r N. J . and Chester
river. Pa, Further Information on applica
tion. .
Special Nolleeo
03
TAKE NOTICE, THAT THE TRANS-
fer books of the Iak Rnnv1nw r'nMu-
ration vrlll be closed from 3 o'clock In the
afternoon of September 10th, 1019, to 10
o'clock In the forenoon of October 2d 1010
for the purpose of holding the Annual Meet
ing of the Corporation.
ALEX. TAYLOR.
Secretary.
Local Bid and Asked
STREET IN WAITING MOOD
7000.
1000.
0000...
10000...
3000...
3000...
100 ...
2000...
07
07! i
97Vi
D7M
07 1
07 1
07 1
07H
i 72da? . Yesterday
3 . Bid Aalc Hid Aek
! Amer Ship t Coin.. 401 41 37t 3'
H Amer Stores 82 azy, a; 3;C
-J Baldwin Loco 118'4 119 liu n4
nii jo rr. s; . .
;-, Burt SuJil 70 72 70 72
&. do pref ..49 M 43 M
m Cfamp tr ctfs 100 170 170
fX Electric Storage ... or i)7'4 0711 97!i
L'J General Aaphalt ... 77 80 77 Mi
." .do pref 110 1L'2 117 120
4 Heratone Tel 14 13 14 IB
e do pref SB . B5
X Lake Sup Corp .... 31U 5.' 21 i 22H
il Lohuch Nav 67H 68 08 U8tt
" Lehlth Val 40U 40H 49'i 40?!
!-, Lehigh Val Tr 14 17 11 IT
:;.; do pref 28 28 26 28
.? Penna R R 4SS 4341 43H 44
'i Thtla Electric 23 234 25 2i't
. Phlla Co 83 31 33 30
1 do S p c pref.... 20 31 20 31
-do a p o pref 84 34U Xffi
1 P R T tr ctfi 2BV, 25 23 25
Readlnr 77H 78 781 79';
'J Tonopah Bel 3X S,V 3 A 3H
Tonopah Mil 2I 3 2C 3
' Union Traction .... 38 88W 88U 38
"3 V O I 84 H8H WW tin
V B Steel lJSH 104 lOltJ 104;
'? .Tork Rwy 9'4 .. 9
r do pref 30 SI 30 31
i 1
NEW YORK COFFEE MARKET
New Yorle, Sept. 0. Prices sagged
right after the call in the coffee market,
with March selling to 17.10 and May
to 17, or 5 points below the end of yesterday.
The lack of orders from the interior
; for actual coffee has tended to check
aggressive bullish enthusiasm, nnd prices
in the local spot market arc nominal
At 18 for Ilio 7s.
There has been no active demand
from the interior for some time back,
X-and, vhile some buyers may bo fairly
well supplied nt the moment, it is be
lieved that others will soon be com
pelled to enter the market 'or n re
plenishment of supplies?""
Vo.t
Open High Low Close close
Aurust . 17 00 in 5
beptember 17.75 17 T3
October 17.611 17.(10
November 17 40 17.40
December ...M7.20 17.23 17.2U 17 24 17 25
January ,. .. it. 18 17 20
February 17.1(1 17.13
March 1T.H 17.13 17.10 17.14 17.15
AprH 17.10 17.10
May . . 17 01 17.05
June 17.02 17 02
Juhr 17.0V 10.08
DIVIDENDS DECLARED
Twin City Ilapld Transit Company.
terly 14 per cept on preferred, payable to
record September 15.
ueynoias 'rooacco company.
stock of
n. J. Reynolds Tobacco company. Quar
terly of 8 per cent on common. 3 per cer.t
on wass u vummuti mm 174 per cent
on preferred, payable October 1 tu stock of
record September 20
-Associated Oil Company, quarterly of
11.23 a share, payable October 13 to stock
of record September 23.
Cudaby Paclilnc Company, quarterly of
'1 per cent on commou, payable October
6 to attck of record September 23.
Firestone Tire and Rubber, quarterly m
f Mr cent en common, payable September 20
to stock of record September 10.
Kdmunds & Jones Company, quarterly
Mir cents a share on common and 14 per
cent on preferred, both payable October 1
10 stock of record September 20.
Lackawanna nallroad of New Jersey,
quarterly 1 per cent, payable October 1 to
stock of record September 6.
B. K Krees ft Co., qusrterly of 1 per
ceJt oil common and 14 per cent on pre
ferred. Common Is payable November l to
attack of record October 20, and preferred
'October 1 to stock of record September 20.
8oe Line, semiannual of 8H per cent on
rominon and preferred, both payable October
sr. tA fnk a! retard Bentember 10.
-"-it - z.-..ii r:r. -. - -..-- 1
ejut'BBtailw otni nujvn, uuuuir vi
r cl DM VIIKJIIU, vvuit wvkwmt 4
eevreeora ateiff9 ,
Stock sales today on the New York
exchange, as complied by the Evening
Sun, totaled 308,800 shores.
New York, Sept. 0. The New York
Kvenlng Sim's financial review this
afternoon is as follows:
Prices in today's short session of the
stock market lacked stability and trad
ing had a mixed character. Fluctuations
were narrow and it nppearcd the easier
thing to do to depress values than it
was to nhlvancc them. This was doubt
less due In large measure to Saturday
absenteeism. Those who felt it incum
bent unon them to be in their offices
or in commission houses were there
more in the capacity of watchers than
of participants.
The fact that the President had re
plied to Mr. Oompers'8 telegram, dis
patched yesterday, was scarcely a mar
ket factor, since the moor icaacr ae
clined to divulge its contents. The
Street's best guess was that the Presi
dent advised patience on the part of
the union men in such a mnnncr ns to
act as soothing influence nt the Tues
day meeting.
.fudge Gary stated that no efforts had
been made, so for as he knew, to induce
him to change his attitude, and, this
being so, it Is not probable that much
can be done to that end between now
and Tuesday.
Another bit of interesting news con
tained in the Washington dispatch was
that there was a good chance of the
Kdge bill being Introduced before the
day was over. This bill will provide
for the organization of corporations un
der the aegis of the government whose
function will be to establish credits In
pursuance of the promotion of other
foreign trade. Bankers sec In some such
measure the only remedy for falling ex
change rates.
There was a still further slump In
sterling, francs and lire; the first yield
ing to below $4 14, the second to 8.37
francs to the dollar and the last to 0.77
lire to the dollar. t
There was little either to attract or
hold the interest of the Street In the
market, and not a great deal of action
is anticipated in the two sessions be
tween now and the holiday on Wednes
day in observance of tho Pershing
parade.
The ups and downs of Steel gave a
fairly accurate guidance for market in
vestments on the whole. It opened a
point down at 103, sold up to 104,
gave way to 103, once more crossed
104 and finally dropped below that level.
This sort of thing was characteristic of
a summer Saturday session in which
there was nothing new to encourage the
bears, nor yet to Induce the bulls to
do more than watch what their scale
orders might bring them.
The oils displayed some strength
from time to time. Lackawanna Steel,
Marine common, United States Rubber
and Keystone Tire were among the few
issues in which demand was better than
the supply.
Am Ag Cliem 5s
6000 71
A T & S F gen 4s
5000 79H
3050 70i
4000 70H
Am Tel & Tel 6s
O000 101
1000 87H
Atlantic Coast li 4s
3000 781
5000 79J
Atl Coast L 4's
1000 81
Argentine Itep 6s
1000 77
Bait & Ohio 3 ',4 b
2000 S5JJ
Dalt & Ohio 4s
5000 70V$
Br.l: & Ohio Ei
1000 70H
3000 B72
Halt & Ohio ov
1000 72H
4000 72j
10000 72'i
Bait ft Ohio 6s
1000 03.
0000 00.
300H B9CH
2000 OflJi
CM & N W gen 6a
2000 07
Ches & Oh 4 Ha
1000 74
1000 74
300" 074
Chen & Ohio cV Ea
14000 80
1000 9H
2000 85M
C M & St P 4 Ha
C000 71
C000 82U
3000 70
Chi M & St P 6a
1000 93H
2000 75
Chi M & St P Ea cv
10000 103f
C M & St P 4s
1000 68
2000 69
Chi It I & P fd
2000 09f
2000 09
10000 77).i
5000 CO),
8000 78
City of Paris 6
4000 90U
City of Bordeaux 6s
10000 09J,
Cent Paclflo 1st
6000 76
3000 75
5000 60
1000 76
Chile Copper 6a
3000 90JJ
Chinese Rwy 6a
1000 67M
Pom of Can B of 31
1000 94'i
Hud & Man RR fd
2000 58H
Iowa Cent 4a
1000 45
Int Met a 4Vis
1000 32
5000 33
10000 33h
1000 32it
1000 33i
111 Cent 4s of 62
3000 74H
3000 73Ji
Kan C & S R 6s
2000 77K
Lehigh Valley of SO
15 00 02H
Manhattan Elev 6
1000 07
2000 9It
Mor & 'Essex 3Hs
3000 70H
LOCAL MINING STOCKS
TONOPAH STOCKS
nid
.
Jim Tlutler j
MacNamara
Mlunay .,..
Mlipah Ext
Montana ...
No-th Btar .
Heacue Eula
Weat End .
.80
.0"
.IS
.0(1
.12
.(n
GOLTJFIELD BTOCKD
03
03
il? it
Ask
.32
.0.1
.20
,0H
-IT
OT
Mo Kan & Tex 4 s
2000 04
3000 6
Mo Pacific gen Is
2000 59H
Mldvale S & O Es
1000 87'a
Minn & St li 4s
1000 45!i"
Nash Chatt & St L.
1000 75
N Y O & E Light Es
1000 07ti
N'VOIHR 6s
1000 00
New York Ry 4s
10000 37H
2000 30
10000 38',
3000 38J$
New York Ry 4 ct
10X)0 37
2000 o7
N Y N II & II 6s
10000 P6
1000 00
N Y Tele deb 6s
1U000 OStf
10000 99
N O Tex Mex bo
2000 55jj
N T W B Oil
6000 40K
Penna gen 4 Ha
1000 83J
Penna R R Es
14000 02H
10000 Oltf
28000 91H
1000 01H
Pierce Oil 6s 1924
20000 104!.
Reading gen 4s
1000 82
Rio G 4: W R R 4i
1000 56
St L f- F Bs ser B
iOO- 7Ui
2000 71M
St L & S P Ino
1000 50)(
St L t S P adj
60u0 61
So Pac cv 4s
1000 82Ji
400CT S2
So Paa 4s
0000 71
So Pao cvt Es
2000 103
Southern Rwy Es
1000 89Ji
1000 00
Third Ave adj
8000 34JI
5000 34!,'
ThAd Ave 4s
1000 53
2000 61
U Kof G B & I "21
1000 ObH
10000 98!,
60000 8'i
1000 08?i
3000 BSJi
U K of G B & 1
EHs 1937
1000 9b
1000 86
6000 00
Union Paclflo 4a
6000..;... &jl,
1000 83Ji
U S Rubber Ea
1000 87
U S Steel Ea
2000 100J,
3000 100)
1000 100H
1000 1005
Va-Car Chem let
2000 90K
Va-Car Chem ti
1000 88
1000 88j
West Union 4Vi
3000 U5)i
Wis Cent R R 4a
3000 72
3000 72
5000 697,
Wilson & Co 1st
2000 WH
Wilson Co cv
8000 08
C000 98
10000 08
3000 98
New York Stocks
, Previous Today's
Sales cloae Hlah Low close
200 AdRumley 4S 41 40 40
300 AJax Rub. 01 if CO 90 00
2400 AJax It rts, 4Jf Aii 4 4H
700 Alaska O. 3H 3Jf 3 3W
300 Alaska J.. 25, 2H 2M 2U
3000 AlChMfg. . 44 45$i 441, 44U
200 AmAiCr.. nnw nn (in 00
1000 Am Can.. 55 653 63M 64)
oOOO AmCarPy,134 136H 1335 135Jf
1UU AuarF pf.H7U 117H 117M 117t
mil Amurugs. lljf HJf Il.'t ul
1700 Am II&L. M; ,inl 351 .15
1300 AmHL pf . 128 128K 127 128H
200 Am Ice 47t 45 45 45
3300 Am Int. . . 102Jf 10354 101H 102M
JOO ALlnseed. 74'f 72 72 72
4400 AmLoco.. 04 04 03Ji 94
16500 ASCCtectf 41 38M 40H
1300 AmSmelt.. 77t 773f 70) 70),
200 ASteelFy. 40 40J 40 40H
1300 AmSuTob. 85.'i 85! 85 85M
1300 ATel&Tel 101H 101!i 101 101
1100 AmWool..ll4M 115 113K 114K
100 AmWpf . . .100M 100 100 100
100 AmWPpf 68 68
100 AmZlne. . . 23 23
1600 Anaconda. 08! OS',
100 ADryGds. 53H 53)4
100 ATftSF... 90M 90v,
100 AtCLIna.. 06!J 92
9300 BaldLoco 119 110' 110
600 Balt&O... 41H 41) 40J
100 Uatopllas. Hi 1H
300 BethStl... 02 S6K
o700 BethStlB. 91 005 i
100 BthStl8.113 113J4 113J
100 lloothP... 17! 18 18
300 BknRT. .. 20H 27 20)4
600 Butrck Cor 30 30 30
000 ButteZlnc. 11J5 11$ Hit
000 ButteSup. 20H 27 26
2000 CaddoC... 37 38U 37
10000 Cairetm.. 13H 5J 5Uf
600 CalPctpf. 83JJ 85 84
68
23
075
63M
00H
00M
1H
86!i
88H
500 CalPocK.. 70
300 CdePasco. 55H
2500 CenLthr. . 99U
1100 Chandler. 2P5)i 200
300 Ches&Oh.. 505 i 57
200 Chl&NW.. 80
200 ChlGtW.. Ki
200 CM&StP.. 43
200 CMStPp.'. 65
100 CRIP 25Vi
200 CRIP 7. 74)4
2J0 ChlPnTool 70
1000 ChlllCop.. 24
200 ChlnoCop. 45 .
100 ChlEIlllcfs 10
500 ColO&n. . 03H
100 ComT&R. . 53
300 Cont C.:., . .
100 ConCan..,
200 ConCnllan
3800 CornPrd..
5000 CrucStl
ll'f
95
18M
86)f
.169
70 69)i 09!
6454 M 64JI
09,"i 07'f VHH
280 2S9
505i mu
90
9H
42Jf
63
255f
74! i
79
23!,
44J4
10,'i
63
54
1154
9J
18)4
84
95
9!
42.U
63)f
251f
74)4
79
24Ji
45
Wit
03! i
64
12
05
1SH
85)4
172
05
OH
42K
f3
25.'
74if
70
24Ji
45,
10)i
63
6-1
1154
95
1854
F5J4
500 CrucStl p. 10454 105
300 CubaCane. 32 32
100 CubaCpf. 79)4 70
000 DenRGrp. 16!S 17
100 ElkHornF. 30)4 35;
300 Erie 15)4 10
100 Erie 1 pf . . 25 24J4
400 FaP-Lsky.103 103
2SO0 FlsherBdy 1)0 9654
1200 FlskRpb.. 43H 4J,'
600 FreeprtT. . 49)4 ' 49H
400 GastonW. 31 30J4
600 GenCigar. FO 79Ji
100 GenElcc.163 167
1300 Gen Mot. 234)4 235J4 234
167)4 168H
105 10.
3154
79
16V4
35'4
15J4
24J4
102
95!i
44
48)
30JJ
7Sf
167
100 GenMdeb.
2200 Goodrich,
80
7854
600 GtNorpf.. 87)4
200 G N Ore .
100 GulfSStl. .
1500 Hsk&Bkr.
1500 Insplra...
700 InterCon..
000 InterCpf.
44
62
63
6154
0M
21!i
86
70
8654
44
61)4
61
01 H
0)f
2254
80
78)4
fO
44
0154
C0)4
6054
054
215,
3
70
10)4
355i
15!i
24J4
102)4
95,'j
44
49
305S
79!4
167
235J4
86
79
80?
44
6154
61
C0)i
654
2154
PRICES IMPROVE
CURB
MARKET
Outside Intorost Increases.
Good Demand for Many Is-
"suos Asphalt Yiolds
OIL STOCKS ARE STEADY
New Torh, Sept. 0. Tha Broad
Street Curb market acted to a great
extent Independently of the trading in
the New York Stock Exchange, there
being evidence of increased outside In
terest In 'that ma'ket and many stocks
wcro In good demand at advancing
prices.
There was heavy buying; again In
American Marconi at 0'i to 0, that
stock maintaining the advance recorded
yesterday, nnd North American Pulp
was traded In on a scale much greater
than it has been for some time, about
C000 shares changing hands at 5
to r4.
Submarine Boat Teas also Arm, Bell
ing at 1G to lfiVa. Allied Packing sold
at 55 to CO. Clinton Wright Wire,
which has been quiet for some time,
was In demand and sold at 34 to 85.
General Asphalt was heavy, yielding
from SOVi to 70 on a few transac
tions. Heydcn Chemical sold at 8
nnd 8.
ColoninI Tire made a moderate re
covery from yesterday's' low level, a
few transactions being made at 18. To
bacco Products Exports sold at 37 to
37.
Oil stocks were generally steady.
Guffcy Gillespie selling at 22, Mid
west Refining at 178 to 177 and Inter
national Petroleum at 31.
INDUSTRIALS
JIM
Aetna Kxploslvea 10H
Allied Packlnr 5V4
Atnerlcan-nrlttsh Mfc ... 2
Am Marconi e!4
American writ nr PaDer. 18
Air Heductlon ST
Canadian Car Co 85
Can Car Fdy pref P0
carbon steel .110
Carwen Tool 3
Chalmers Motors 9H
Chevrolet Motors 380 .
coca cola sou
Cramp 160
Curtlss Aeroplane A
Kmeraon rnonorraon . n
Hall Slmal 7 .
iievaen cnem BH
Hupp Motora 12
International Motor .... 77
Inter Products 46
Inter Rubber 20
Lake Torp Doat 2
Lehigh Coal Rales DO
I.lbby. McNeill LlbbT.. 26
I.lma Loco. 92
N Y Shipbuilding G2
Tes. doss
Ask (sale)
10'
500 Harvester.l33!f 13454 '34)i 1345
6400 IntMerM 5954 6054 58I4 59
12800 IntMMpf 120 1205a' 11954 1UM
330 IntNlckel. 20)4 20H 20
400 IntPaper. . 67 '57 50
100 JonesTea.. 365 37 37
100 KahCSo... 1054 18J4 lJi
1400 KellySpT. 1375i 138)i 135
100 Kelsey"Wi 04 64 64
300 Kennecot. 30)4 SOU 3054
9890 KeystneT. 61)4
630 LackStl... f054
200 LeeTlre... 31
100 Lorlllard.,215
1700 MaxMot.. 475f
500 MaxM 1 p. 80
630 MaxM 2 p. 405
9800 MexPet.
200 MlamlC.
. 5254
.89
. 1254
05 02)f
t-2 81lj
ro'-S 0!
214 214
475 4754
8051 80
3054 395
26
CO
37
18!,'
137
64
365
05
MW
3054
214
475
80
3954
19454 19034 10354 1U4
275 275 27)4 2754
2230 MIdvStl... 62)4 52)i 51) 51)4
100 MSPSM...S9 85 85 85
700 MK&Tex.. 1254 12M 1254 12J4
100 MK&Tp.. 18)4 18 18 18
400 MoPaclflc. 28 28 27)4 2754
100 MoPacpf. 475 47)4 47)4 4754
2J0 NatAcme. 37H 37 30! 365
200 Nat Anil.. 48 4754 47 47
100 NatCAC. 1654 16)4 16)4 1654
400 NatEAS.. 70!4 775, 77 7754
100 NatLead.. 705 70)4 79)4 79)4
100 NevCons.. 19 185 185 18'
200 KYNHH.. 32 3254 32?,' 325,'
100 NorPac. .. b7 80.'4 86)4 6.'4
630 NovaScSl. 79 77!4 76 76'4
1900 OhloCGas. 54! 64H 64 64)4
1000 OklaP&R. 1054 105 1054 10'
200 OwensBM. 501 55 C5 55
200 OwenBMp.103 103 103 103
200 PacG&E.. 67 68 07' 67'
100 FennlUt.. 4354 4354 4354 43J."
PaSeaStl. 44 44 435 4354
North Amer Pap Tulp
iiis iuievaior
Peerless Motor
Perfection T A It....
Phlllo Morrl
Poole Knr
Pressman Tiro
Scrlppa-Booth
hell Trans
Standard Motors
Steel Alloys ft
Submarine ltlVl
Swift International D7
Todd Shipbuilding- 140
'irianaie rum ?t
Liniien .ioiors ..., ou
tinned Pront Sharing-..
World Film ,
Wrlaht-Martln Air. . . .
BTANDAHD OILS
Illinois 1R2
Ohio 87R
Prairie Pipe I...283
S O Cal ..20
SONJ 60S
S O N T 884
B
.110
. 45
. 1
. 12
. 80
.'
. 85
DO
3
a
0
eu
15
B0
45
100
US
7
10U
soo
SOH
100
13
6)
0
8H
12V4
85
40
22
8
02
28
04
XT
BU
115
;i
50
7
BO
70
10
7
in
B0
"'
55
?
188
sun
200
800
OSS
300
lov
a
Philadelphia Stoclcs
Illth
C30Am S&O 41
710 Elec Stor 07
05 I, O N A 80
200 Lk S Cor 21
87 Leh Nv. 08
00 Leh Val. 40 &
53 Pa It n. 43
180rhila Co .
cum pf. 344
80 Phil Elec 25
175 P U T tc 25
a00 Reading. 77
01 U G I. . . 0894
820 U S Stl.104
Low
889,
07
30
21
08
40
43
84
25
25
68
Net
Close chse,
41 3
07..
30
21..
OS ..
40
43
34
25
25
77 1
00
103 103 1
. Stocks. 2707 shares, compared with 07Tt
shares yesterday: thus far this week. 43.158
shares.
Bales In
0
1100'
2 City 4s '43 00
1 Pa gen 6s. 02
1 Phlla Elec
1st 6s ... 03
noNDs
Tilth Low
00
02
Net
Closs chse.
oo 4
02
03 03.
Bonds. I40CO. compared with 120.000 J'es
terdari thus far thle week. 1142.500.
NEW YORK BANK STATEMENT
Week' Activity In Stock Market
Reuected In Heavy Loan Expansion
New York, Sept. 0. There was a
trlklng diversity between tho average
nnd actual figures in today's New York
bank statement. The week's turmoil
in the stock market, found reflection in
an expansion of $105,000,000 actual
loans. There was also an increase in
demand deposits of' $50,057,000, He
servo in the Federal Reserve Hank, was
increased $3,101,000. The excess re
serve, however, above legal requirements
was cut down $1,010,270, reducing the
excess surplus to $32,020,200.
AVERAGE
Ians ..
Met dem. dent
Net time deDti
Circulation
Caah In vaults..
Reserve In mem
ber banks
Reserve In state
banka and trust
companies
Reserve In state
banks and trust
company deposi
tories . . ..
Aca-rerate reav. .
neav. required
surplus
Increase
174,502,000
57,075.01)11
10.586,000
152,000
1,011,000
640, 071, 000 10.8S3.O00
,.,15.050.477,000
s..t4.O67,D47,O0O
217. 824, UW
35,850,000
06.741.000
10,745,000
10,875.000
571,2011.000
B80.685.42O
250.000
208.000
10.001,000
7,657.720
12,243.780
12V4
08U
iH
13H
2T4
305
INDEPENDENT OILS
Allen Oil
Itoston wyo on .
Urazos Oil
Cosden ft Co . . .
Klk Dasln
Inter Tetrol ....
Island Oil A T .
nlenrock CHI ....
Houston OU ....
Home Oil
Meirltt Oil
Met Petrol
Midwest Oil ....
Ohio Fuel
Omar Oil & Gas
Sapulpa Ref ....
Hequovh
Sinclair
Sinclair Gulf ...
Southwest Oil ...
United Oil
600
7400
PanAmPt,118J 1184 11674 117J4
100 PeoQas... 44 44 44 44
100 FhllaCo... 35 35? i 35" 3fi!4
4400 PlerceAr.. 6SJ 58J4 67 58)4
600 PlerceOil. 22 21J4 21)4 21!.
100 Pit&WVa. 33.14 331 33) 33)
200 PondCC. 10 19 19) 19!
600 PressSC. 00H 00 89 SBH
100 Pullman.. 120 110 119 119
flJO PASugar. . 05H 07 CO 07
600 nySSpr.. 07)4 07)4 00 90
200 RayCons.. 24 2314 23h 23i
2900 Reading.. 79) 70) 77) 77)
100 Iteadlst.. 3G 30 30 30
2000 HepStcel.. 92)4 01 89 104
100 ItepMot... 48)4 48)5 48H 48H
3100 RoyDNY. . 05)4 04J 93 03!
200 StL&SF. .. 19 19 19 19
700 SaxonMot. 25 24)4 24)4 24)4
109JO Sln&OR... 0H 00)4 59)4 594
2500 SoPac....l01 100) 100 100)4
200 SothnRy. . 25 25! 25 25
100 SPRSpf...ll7 117 117 117
50b StrombgC. 05 08 U5)f 05)
200 do rts.. 10J 10 10 10
4
MININa STOCKS
Alaska It C M
Iiutte New Tork H
Hoton Montana
f ; P R t Jerome
Con Arizona , . . .
T- rt KHtlnnal
Fortuna Cons 80
Ooldneld Cons 17
Golrifl'ld Florence 40
GoldAetd Kewanas a
Goldfteld Mercer A
Green Monster m
Hecla Mlnlnc BH
Independence Lead 2
Jerome Verde H
Jim Butler 30
... 2 2tt ..
... T SO 78
... 27H 28
... 11 lljt 11U
. . . 8K 0VI ,
... SOU 31 snH
... IH 7H 7
... BH rH 5H
...lni l" ,.
... 20 20U ..
... 24V4 24. 24
. 2H 2S 2Vi
...176 178 177
...23 20
...63 07 87 ,
... 7M 7 IK
... BRH BRii BRJi
... BftU r.8W B8U
...22 27., 24
. . . H4 1'i . .
m
Jumbo Extension
MacNamara cres ...
McKlnley Darrash
Mother Lode
National Tin
Nnvada llllla
Nevada Wonder
Nlplsslnv
Ray Hercules
San Toy
Toropah Extension
United Vcrd
West End Con ...
White Caps
10
BM
62
46
su
in1
n
40W
1
16
BONDS
Cosden Oil As int
Cosden & Co 6s 1...101
Russian Govt BUs 40
Rueelan Govt 6)4 a 45
70
'i
1U
40
10
B0
5'
BU
S
31
12
62
62
5
18
101
'il
11
78
'iA
17
82
10W
ion
2K
2A
irplus 31,013,580 12,243.731
tlTnlted States denoslta dedimteil. l'J47.
863,000.
Decrease.
ACTUAL.
Loans 15.085.870,000 $105,600,000
Net demand de-
OSltS T4,UST,Z1T,000
time deposits 218,844.000
eo.eo.uuu
08.431,000
80,037.000
1.060,000
310.000
6,803.000
532.330,000 5,101,000
poi
Net
Circulation
Cash In vaults...
Reserve In mem
ber banks ..'....
Reserve In state
banks and trust
comDanlea .....
Reserve In state
banks and trust
company deposi
tories ...
Aggregate reserxe
Reserve required
vlTOnm reserve...
TUnlted States deposits deducted, t;M
840.000.
QUTSIDE PANIC STATEMENT
aiALXi ujini.a
10.431,000
11,618.000
B74.283.000
542.236.800
32,020,200
261.000
677,000
6,817,000
6.B27.27H
1,010 270
Loans Investm'ts 1680.620,800
Gold 7,308,200
Currency, bank
notes .u,uoi,iw
Deposits. Federal
Jieeerve nanK 01
Jor Vn--lr C8.732.0o0
Derioslta 761.083 J)00
Iteiene on deposit 123.432.n00
Increase
iis.244.aon
153,890
675.700
18.535.400
48,210.000
15.107.200
Percentase of reserve. 22; Increase, j.s.
TRUST COMPANIES
Loans Investm'ts J2.119, 800,000 ,23.453.000
Oold 10.853.1UU
CnUortr,rr....?.... 20,838.800
Deposits, Federal
r.eserve Hank of ...-..
New York 218.725.000
Deposits ........ 2.175,381.400
.immrvm nn nnnnHit oui.u.i.ivu
- - - m - . a. in ma mit
jfsreentase ot reservo, n.a. ,ut.-. .
STATE RANKS AND TRUST COMPANIES
NOT REPORTING TO CLEARING HOUSE
Loans. Investm'ts. 8813.60t.800 J34.778.000
Oold t.siw.iuu
Currency b'k notes 10.343.200
Deposits Fed. Re
serve Hank oi
New York
Total deposits ....
Net deposits. .....
Reserve on deposit
Percentaae of res.
Decrease.
AMERICAN SHIP BRIGHT
SPOT OF LOCAL MARKET
While Irregular, General List Showed a Stronger Toi)
Road Building to Be Done
Much
American Ship and Commerce was
the "bright spot of today's brief local
market. Following In line wlty the bril
liant debut the stock made on tho big
exchange a fairly nctlve demand sprang
up at the outset. This carried the price
forward 1 points to 30, or In other
words, the quotation was kept in close
parity with the New York figure. The
full gain was not maintained, as ac
cruing profits to those who had pur
chased stock earlier In the cck were
too tempting to resist. According to
the board reports, however, all offer
ings were readily absorbed, and too In
tho parlance of the street, the buying
was of much better caliber than the
selling.
In the general local list the trading'
was of tho familiar half-holiday char
ncter, and, to a large extent, rcprc
sentcd the customary evening up of -the
were mixed, the general tone of the
market wsb stronger. Electric Storage
Xlattery esicd off to 07, but tho deal
ings were of insignificant proportions.
Another was shaved off Philadelphia
Company cumulative preferred. Phila
delphia Electric moved up , indicat
ing tho floating supply stock at par
had been pretty well cleaned up.
Philadelphia Rapid Transit lost on
light ottering. United Gas Improve
ment also shaded i. Lake Superior
was firmer and unchanged.
Officials of the General Asphalt Com
pany state there is a big demand for
road-making products, and this is
likely to increase rather than to dlmin
isn Dccausa of tnc postponement ot a
great ileal of this kind of work by rc
son ot the war conditions.
Many of the municipalities and
smaller local governments found It dif
ficult to obtain funds for such work
because of the scarcity of loanable)
funds or the prohibitive rates ot inter
est. Conditions are rapidly changing, and
a straw in. the wind in this connection
is furnished by the review of recent
sales of state and municipal issues by
the Daily Hond Buyer. This shows
402 states and municipalities succeeded
during August In disposing of 521 Is.- ,
sues of bonds, aggregating a par value
of $57,022,280. This brought the total
for the current year to $440,005,822, w
against $202,818,844 lu the corresponds
mg.pcrioa iasi year.
This shows the remarkable headway
made with the vast authorizations which
had accumulated during the war period
trading element. While pried changcs-)-and, In addition, a large proportion
of the bonds voted last spring have been
successfully marketed.
During the balance of the year, it
is conservatively estimated, bond sales
will average $40,000,000 a month. At
that rate the year's total would be ap
proximately $000,000,000, or more than
$100,000,000 lu excess of any previous
annual flotation of domestic, state and
municipal issues.
In view of the cry for ''good roads"
it can be naturally assumed a large
portion of this vast sum will bo used
In road building or new street paving.
The General Asphalt Company Somt
time ago retired from the paving busi
ness, but they still furnish tho con
tractor with tho materials to do It.
FURTHER WEAKNESS
DEVELOPS IN CORN
Traders Cautious About Taking
Heavy Risks on the Long
Side Oats S toady
6R.88O.20O
853,064,400
780.178.200
141.438.300
20.4
44.300
46.800
8,717,700
80,118.400
T.047.SUU
70.000
116.800
1,180,000
14,852.700
7,150,800
8.457,800
VWHWJ
GAIN IN BANK CLEARINGS
TODAY'S RANGE IK, LIBERTY I10ND9
Sales 0 Ltbtrtv Bond, in, tht Stock Ex
chanoi carrv tnttrest to datt of tale. The
teller receives thai Intersil. In addition lo
tin sals price ot tht bona.
Atlanta
Rlue Hull
Ilooth ,
nl.mf II R
Oaley
Kevranas ,....
Oro
Sliver Pick .
MISCELLANEOUS
Arliona United 25
Nevada Wonder ,... .40
Tiujpi Minim .,.,,,,.,.,,.. ,CD
.06
,01
.02
.03
.01
.03
.03
.03
.OH
.03
.03
03
.03
.07
.80
Liberty "38
Liberty 1st 4s
Liberty 2d 4s
Liberty 1st 4ia..
Liberty 2d 4V4s..
Liberty 3d 44s . .
Liberty 4th 4ilS..
Victory 4s
Victory 3t4s ....
High Low Close
00.08 00.02 00.08
04.01 04.50 04.00
02.80 02.70 02.74
04.04 04.00 04.04
03.02 02.00 02.02
05.00 04.02 05.00
03.30 03.28 03.24
00.04 OO.CO 00.54
00.54 00.54 00.C4
ricnds. 13,533,000. compared wlm 18
637,000 jresterdnr; thus far this week. S40.
647,000.
37100 Studebkr..ll3!f 11371 HI J 112!,
100 StuUMot. 112H 112 112 112
300 do rts.. 3M 4., 4 4
700 TC&Chem. 13U 13! 13!, 13!i
200 TexasCo..264i 264 W 203 2G3
1900 TeasFao.. 50 40!i 48M 48,
200 ThldARIt. 20Ji 21 21 21
100 TobPrp...l00 102 102 102
21400 Trans Oil. 5bii 58J4 8 S8
300 Trans&W. 67 60! j 60JS 56J4
1400 USIndA1..120Jf 120H 125 126!?
100 Un Alloy.. 62H -c2 52 62
600 Union Pac 122 123 121H 123
500 USFood... fOU 60U 80K 80!
100 UnFruit.. 185 184 84H 184)i
8100 Unite tS... 041 05 ( 02U 04
3100 Unnsrts 10H 10!i 10) 10
200 UnlUnvp. 24K 23 23 23
700 USR&Im.. 45H 45J 45 45
3000 USRub,..120 128H 12C 126J
34800 USSteel...l04;, 104M 103U 103M
100 USSteelp.llSJj 116H 115H 115H
1000 UtahCop.. 80 K0 85 85
100 va c&u... po uo oo tsu
10 1UU 1UU
31K
12
22
ma
10
24
02
33tf
84 li
Hi
75
shares,
LIVESTOCK QUOTATIONS
Chlcaco. Sept. 6. 1IOOS Receipts,
head, Stronr. mostly 25O500 higher.
Business 14.9 Per Cent Greater Than
TJils Week Last Year
Total bank clearings of all the clear
ing houses of the United States for
the week ended today were $0,748,167,-
084, against $7,004,760,730 last week,
and $5,872,821,822 this week lest year,
or an Increase, as compared wlth'the
corresponding week In 1018, of 14.0
per cent. Total clearings in Thlla
deiphla were $300,652,100, a gain aver
last year of 3.1 per cent.
Details follow:
N.
Iflta Olft P.C
Tork.f3.017.lO8.fl05 $2,628,081,72214.8
481.578.033
809.652.106
811. 606.164
183.7S0.233
114,848,360
108.462,061
83,773,585
61,820.448
61.080.667
41,084.603
860.017.130--10.0
300,246.880-- 8.1
107,168,632- 7.2
lt8.862.8W--15.7
110,539,064-- 3.4
86,400,7684-23.3
88.700.004 8 4
aa.l8A.4ll8-l-42.7
32,408,437-r-M.a
42.3'3.643 0.9
GRAIN BELT WEATHER FORECA8T
Chtraro. Sept. A Illinois. Missouri,
'Wisconsin. Iowa and Kansas Fair to
nlaht. probably Sunday: continued warm.
Minnesota Fartly cloudv tonight and
Sunday; possibly showers northeast. North
and South Dakota Fair tonight and Sun
day. Montana and Wyoming Fair to
night and Sunday, except for possible
showers.
Chicago, Sept. 0. Further weakness
in foreign exchange caused selling of
corn by local professionals this morning,
while commission houses wern on both
sides. Changes in prices were irregular.
September made good gains at the out
set, apparently reflecting less pressure
of offerings of the cash article. Gen
erally, traders were cautious about tak
ing heavy risks on the long side..
The recipts here today were 230 cars.
September opened at $1.03 to $1.04.
against $1.02 at the end yesterday, but
receded to $1.02. December started
nt $1.31 to $1.31, against $1.31
Nat the end yesterday, and, after touch
ing $1.32, declined to $1.31. May
opened at $1.20 to $1.20, against
$1.20 at tho close yesterday, nnd later
sold at $1.23.
Oats were steady early on covering by
shorts and fair buying by commission
houses. Offerings were light and came
chiefly from local professionals.
Demand for cash article was reported
better and tenders from the country
were small. The arrivals here today
were eighty-six' cars.
September opened e higher at
60c. December was quoted at 71c to
71c at the outset, against 71-?ic at
the end yesterday. May started nt 7514c
to 75c, against 74c at the end yester
day. The receipt of wheat at Duluth to
day were twenty-sir cars; nt Minneap
olis 537 cars and at Chicago 435 cars.
Com (new delivery)
Open High Low
&eDt. ... 1.63U 1.04U 1.62
uec ... i.ej?) i.ua
rnf
Sept. ... 60 70V1 89
Dec. ... 71 72H 71H
rora
Test.
Close clot
1.64 1 A-J
1.80 1-3 1.31 1.31S
?
4000
Yes
terday's average top, 120.231 heavy. $180
10.83: medium. tlH.50O20.23: light weight.
$1920.25; light. 118.80010.75: heavy pack.
Ing anra, smooth. 118,75017.73; packing
sows, rough. 115016.75: pigs. U6.7601D.
CATTLE Receipts. 2000 head. Compared
with week ago heavy steers weak: good and
choice light weight and handy weight ateera
and better grade heifers, 25O50o higher:
canners, 15025a higher; calves, 60o higher:
westerns mostly 23o lower; feeders steady
to strong
SHEEP n-tnfa TOOA hai4. Vlv ..
choice Washington. 116.60. Mostly 56o
higher compared with Hreek ago. Native
lambs stesdy, 23c higher; westerns mostly
steady. Fat ewes aincbanged. -
Pittsburgh. Sept. 8. HOOS .Receipts,
..in. neau. juarHet nignerj ttesvies
Chicago
rmia
lloston...
Kan. City
St.' Louis.
San Fran.
Pittsburgh
Detroit...
Baltimore.
N. Orleans
EI8Vdaylt.l?4:680.105.034 $4,070,826,0644-13.7
0tB,raa7g"' 715.400.822 el5.472.43l.8
Tot
5 days
All cities.
1 'day.
Tforwk.,t6V'48,167.0S4 t5.872,821.82214.0
Sept.
vci
Lard-
Sept, ...
Oct. ....
Ribs
Oct 22.30
44.30
38.00
43.60
88.73
27.20
44.50
20.00
27.50
27.10
80.10
27.80
27.05-
22.30 22,50
BUYING RESTRICTED
IN COTTON MARKET
Weakness Develops Under Local,
Southern and Wall Street Sell
ing Sentiment Bearish
COTTON BELT WEATHER FORECAST
New York. Sept. 0. The following tem-
Eeratures were recorded In the cotton
elt this morning Abilene. Chattanooaui
and Nashville 04; Shrereport. San An
tonio. Fort Smith. Maron, Knoxvllle and
Atlanta. 66; Little Ilock. Auguata and
Wilmington. 68: Meridian. Montgonrerr
and Savannah. 70: Corpua Chrlatl. Mem
phis, Vlcksburg, New Orleans and Thorn
asvllle, 72: aalveston. Fensacola, Charles
ton and Tampa. 74; Jacksonville. 78.
The following- precipitations were re-'
corded: New Orleans. .66: Shreveport.
.68. and Galveston. 1.78.
New Torh, Sept. 0. Bearish sen
timent remained pronounced in cotton
today and the market again showed
considered weakness under local, south
ern and Wall street selling. Another
break in foreign exchange, coupled with
favorable weather reports, restricted
buying.
A number of telegrams from the)
eastern belt reported offerings "of the
new crop around 80 to 31 cents, but
demand was poor, with mills well
stocked with old grades.
At the beginning of business on Mon
day the census bureau will issue Its
first report on ginning for the season.
It wtfs noted that pott receipts were
running far behind the arrivals at this
time a year ago.
The market closed easy at a net de
cline of 04 to 08 points.
Tea. close Open High Low
Oct.
Dec...
Jan....
March.
July...
Last
28.89 28.98 28.98 20.30 IS. 305
29.11 29.25 29.23 28.65 28.65C
2. on zu.ia au. in z,i- vn.-.e,
SB. 28 20.25 "D.25 20.03 28.65C
20.15 29.13 20.13 28.508.50
'
Reserve Banks' Discount Rates ..
Official discount rates at the twelve
Federal Reserve banks were as follows:
(The first column gives rates for all
periods up to and including a fifteen -day
maturity; the second for a period
ot sixteen to ninety days.' The third
and fourth columns give the rates fpr
rediscounts of collateral loans secured
by government bonds or notes.)
Xloston , .
New Tork ....
Philadelphia .
Richmond ....
Cleveland .....
Atlanta
Chicago ,
St. Louis ....
Minneapolis .,
Kansas City .
Dallas .......
San Francisco
Qqvt paper
10 to CO
IB days days
300 Wabaah.,
800 AVabpA.
1000 West E&M
200 WeatMtl..
200 WestPac.
200 WesUnTel
2300 WheelLE.
21)0 WALE p..
200 WhlteMot.
1500 WlllyOv..
100 Wilson....
1400 do rts..
230 Worth P
-Stocks, 878.100
305f 30K
Ci MM
12H 12),
23)1 23
80 80
10 lfili
24H 24J i
Olil 61K
33U 33
t-4 84K
2 1!
76M 75
compared
lOJf
30!f
M!(
12)i
23
SO
151f
24H
out
331.'
b4
J
75
with
tin,
BAR SILVER
Commercial bar silver was quoted in
New York today at $1.114, a decline
of c. In 'London the price was 00d,
:Js down Mi,
1.47U.84 shares yesterday; thus far
week, 0.043,148 shares.
No Change In Reflhed Sugars
New York, Sept. C The refined
suear market n unchanged, both as to
conditions and prices. lAcn refiners
continue withdrawn, pending a freer
arrival of raws, and prices are quoted
at 0 cent, less 2 per teut for cosh, for
fine granulated. Raws are unchanged
at 7.28c, dllver4,
tf19.65: heavv vnrlr. lA.ftOfft 2n MX
yorkers tlDA16.25: nigs. ilR.73Mfl.
fcHEEP AND LAMDS Receipts. SOO head.
.Vi! steady. Top sheep. 111. id; top lambs
115.76.
CALVES Receipts, 100 headf Market
steady. Top. t22.SO,
Kansas City, Sspt. 6. HOOS Receipts,
450 hesd. ateadr to 10c higher, Bulk.
118.30010.60; medium. tl8.2S019.4O; lights.
tl8.1010 60
CATTI.B Receipts, 430 bead. Market
for week: Rest light beef steers steady;
other grades and classes unevenly 10c to 40e
lower: butcher stock mostly 15c to 25c lower:
canners weak to 2Se lower: calves. 11.25 to
o o
all cities.
IO.a09.OUt.SIO lt.aOOl'P,VVIT"A.w
1,882.472,108 1,187,022.81616.4
tl no higher: stochers and feeders, 23
lower: she stock, ibo to i'a 'ewsr.
S0o
SHEEP Receipts. 1100 head. Market for
week' Native lambs steady to 25a lower;
western lambs, 25e.to 50c higher; good fat
ewea. 23o to 50c higher; other sheep, breed,
era and feeders, steady.
East Bt. Louis, Sept. H. HOOS Its.
celpts 2500 hsad. Higher.. Top 120. Rulk.
110. 50010.80: heavy. tlAOlB.Mi medium.
tl9.25O20; tight, i U8.73O20; light lights,
I18 30il9.25: heavr packing sows, smooth.
115 60016.60: packing sows rough, tlS.SOO
14.50: pigs, tiscns.ts.
CATTI.B Uscelpts, 760 hsad. No sales.
SHEEP Receipts. 900 head. No sales, i
East Rofrale. N. Y.. Sept, . CATTLE
Receipts, 600 head. Slow. Calves. Tecelpts,
100 head. Steady, 17023.60.
JIOQft Receipts. 2200 head. Twenty-fire
to 50c hlgnsr. lleaw t20: yorksrs. r2l.75i
pigs. HO: roughs, ttfieie.50; stags. I10ei4.
SHEEP ANP LAlfna Receipts.- 0 head.
Lambs ao hlaber. Lambs. 18 16.73; -yearlings,
712rwsthrs. e.BOn0; wee,'lj
i mtJ ', tesM.M. i
MONEY-LENDING RATES
PHILADELPHIA Call, B0 per
cent: time, o0 per cent: commer
cial paper, three to six months, BlA
Oi per cent, and six months, 0 per
cent.
LONDON Money is quoted at 3
per cent. Discount rates, short bills,
3 7-1003 per cent, three months'
bills, 3 0-103 per cent.
FOREIGN EXCHANGE
New York, Sept. 0. Actual tmdlng
figures for sterling were at the prelimi
nary low quotations of 4,13 for de
mand and 4.14 for cables. Quota
tions for French and Italian exchange
were a point under the forecasts at 8.35
for franc cables and 8.37 for checks and
0.75 for lire cables and 0.77 for checks.
Quotations were:
Swiss cables C.07, checks 5.00; guil
der cables 37, checks 37 J pesetas ea
W?S 18.05, checks 18.00; Stockholm
cables 24.25, checks 24.10; Cbrlstlania
cables 22.80, checks 22.05; Copenha
gen cables 21.05, checks 21.50 ; Jielgian
cables 8.S3, checks 8.55.
There was a conflict on quotations
for ruble notes and marks, making tlic
rates' unrj'ilsble.
BANK CLEARING8
Bank clearings today compared with cor
responding day last two ears;
191D lts hit
phiie.-., .JnAyMooi tes.ioi.RAs ,40,2.sis
Ws4M,r 6.we,j 4.i,i M:isw
CONTINENTAL'- EQUITABLE
Title o Tiy st Company
JwelftK Above Chestnut, Phfladelphia
Capital ..S. 81,000,000
Surplu 1,000,000
Over (10,000,000 Deposits
August 30, 1019
ASSETS
Loans on Collateral
Stocks and Ilonds ,
United States H Certificates ot Indebtedness.
Mortgages ,.,..
Cash on Hand, In lianka and Reserve neeqiitles.
Real Kstate (Including H. tr. Cor. 13th and Market
Streets) .-.
Accrued Interest ,
Furniture and Fixtures (Including Safe Deposit Boxes)
Miscellaneous -
.35,238,468.43
. 8,740,182.40
817.TI00.00
. 84S.2t0.00
1,437,091.63
7S7.3S4.57
1Z6.008.3O
28,215.65
10,539.13
LIABILITIES
Capital Stock
Surplus ..................................
Undivided Fronts .V t
Contingent Reserve -.
Dividend No. IS, declared Sept. 4, 1010, pay
able Sept. 10, 1910 ,
Extra Dividend
Dividends Unpaid
Reserved for federal tax.
Deposits .. ,..... '
Miscellaneous .. .
$13,049,090.21
11,000.000.00
1,000,000.00
23t,849.07
v se'.ooo.oo
,140,000.00
. 10,000.00 80,000.00
410,00
.......... 16,8.4S
10,014,180.88
M33.94
$13,049,090.21
OFFICERfl
John T. Bkellr. President William J, Fltipatrltk. Asst. Seer.
jSemUta J. si llvan Vice-President John F slcMenamta. Asst. Treasorer
John M. Campbell. Vlce-lTesldent Henrr f. Stltstsrll. TTrost Olfleer
Jslin n. Wm.t.d. Vlee-ITesMen Henrs; M. Keller. Title Ofrieer
Jshn V, I-ughner, Seer, Treas. Joseph Mallea. Heal BeUte Offlter
KdwarJ T. Smith, Asst, Seer. Treai. Drown WlUUme. Couasel
Watson K. Alcett
Kdward IT, Ueale
Alfred 1!. tlurk
John SI. Campbell
Jamea M. Dalr
Themna Devlin
Charles C. Druedlnt
DIRECTOBa
James A Flaherty
Howard D. French
John J. Henderson
Henrr O. IxMnlilIn
WUIIam J. Slcuunn
refer r. Meriar,
ratnek u'Kem
i M.
vTltllara P. Rlnattt
John F. Sielly
Jeremiah J, Sullivan
Joseph O, Trainer
John II. Vmsted
Aubrey If, Welihtrona
Ira Jewell UUlUm
lj3ii
.1 f
iT
Ax
H-1
O
c m-ti
- eTsTsH .
LLn'c.-JaraEI
I-