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EVENING PUBLIC LED GERr-PHILADELPHIA,. MONDAY, OCTOBER 6, 1910
' FBUSiNESS NOTES"1,
With a view to forming a trade body
or the purpose of correcting and check
ing trade nbut.es, prominent New York
couturier Will moot In that city Wed
ncwlay evening. According to present
plans, on'y houten doing custom tailor
ing and dressmaking will be tnrfuded in
the nw association, -thus eliminating
manufacturers as well as firms who seli
only ready-to-wear garments. It Is
The following companies
offer
INSURANCE
of all kinds
Understood the association, once estab
lished, may be the New York replica
of the famous Paris dressmakers' syndi
cate, Business In the cotton goods market
last week was highly satisfactory to nil
interests. While the supply of mer
chandise continued to be materially tin
der the demand, buyers with few in
ceptions found It possible to secure
goods for quick delivery, providing they
were willing to pay prices asked.
. Tile new mien nitltmrlxvl lit- llu
l United States railroad administration In
respect to the shipment of merchandise
by express, which Acquire the use of
outside containers of different weights, In
accordance with dm ucMitn nf nnoi-.
lSr',.",J,ni; CffCCtAC U Pfr'!),PriH.nm"rU'nHmuV.yttwRt will So SKcoVnlSl
., ,i i.'.i.Mj i, i a ptuu'iiiriii u,v me
American Hallway 'Kxpress Company.
Ittrnusc nf Iho fact that more manu
facturer of women's dresses are going
to K'uropc In search of new stylo Ideas
Beidrer,& Bookmyer
General .
INSURANCE
BROKERS
424a Walnut Street
io.-ubard !017 Main 162
New York Office
95 William Street
1817
Fire
1919
Association
OF PHILADELPHIA
N. W. Con 4th & Walnut
has given Its pollcyjlioldisrs solid
Indemnity for more than one
hundred years and has never
been so strong financially as now.
Have you a policy In this old
anc reliable Company?
CHARTER PEKPETUAL
WILJLIAMS
C& WALTON '
General Insurance Agents i
Nos. 416-420 Walnut St
PHILADELPHIA
Commonwealth
Casualty Company
Oldest Philadelphia
Casualty Company
Assets $700,000.00
A'ltomobtle and Teams
Accident and Sickness
Insurance
Attractive Liberal
Rates Policies
Prompt Claim Service
Ask Your Broker for
Commonwealth Protection
Call, write or Phone
Drcxel Budding
- ; - ' '
! PHILADELPHIA MARKETS !
sr
DRAIN AND FLOUR
WHEAT Receipts, 190,40" bushels The
market rilled Arm but quiet. The quotatlun
Car lots, In export elevator, Bovernment
standard li'spectlon, standard prices No. 1
S'.wln"r. J2.3IH No. 1 northern tprln.
J2.39! No. 1 hard winter. X.3ti, No 1 red.
y-lnter. gsrlld.v, Jt'.'.7i No. 1 rl smuttv.
2.afli No. 1 red. carllcky and smutty $2.84
United States Grain Corporation's purchases
of wheat were based on the following- sched
ule of discounts: No. 1! wheat. 3c under No
I. No, a wheat, Gc under No. 1. No. 4 wheat
lo under No. 1; No, 5 wheat. 14c under No
1. For nil wheat otherwise conforming to
the specincallons of No 8 or better, but
deficient In test welaht, the discount from
the No., .1 price will be 8c per bushel for each
one pound deficiency In test welsrht. Wheat
trading below No. fi for reasons other than
according to tho degree of rmut, but In no
case less than 5c per bunel under the corresponding-
resular (trade, Garlicky wheat
will be discounted Just as heretofore 2c per
bushel from the regular grade. Mixed wheat
will be discounted from 2c to ,1c, nrcordlna
to tiualltv and condition of mltturcs. but
t:n1en nlh.mlM Instructed the trade may
as well as for'tlic liurnoso of rjitcniilnir rm,r" " OVT takjnit No. 2 mixed -vine.! at
rxnnrt t,n,l ,1 ' .. N?.?" nil r T.Vi? rhlladelphla Jus7 as heretofore. l e . 2.
unaer me corrrsponnirc rcgumr kih", ., .
CORN Supplies small and demand llsht
Prices nominal Wo quote jellevw In oar
lots for local trade, ns to quality and loca
tion, to arrive. 1 (15W1.T0. spot, nominal.
1.7ntti 7,i rer hustiei.
niTH nerelnts. anal bushels.
quiet, with no channo In prices y,e ouoie
Car lots os to location No. 1 white, an1
Xl'ic. No, 2 white. 7'4 $rHic , No 3 white.
78W T70ic: No. 4 white. 7H '774c.
rLOUIt necetpts. 800 bbls. and -MWS.J'i
ih In sacks. Prices were fltnily held, but
inc iluoisunun uiiw
FRESH FRUITS
Demand was fairly active and the general
market ruled firm We quote-. Apples, per
basket, ndcwfl no, do, per bushel hamper.
I1S2.25, do, per bbl , 13 oOfrOi cranberries,
Jersey, pr bbl., $7,50GrlOi cantaloupes,
western, per flat crate, $101. A0: do, per
standard crate, J2.75SJ8.23! rears. Bartlctt.
per bushel, $2,1004, do. Seckel. per bushel.
92 ftngH.7.f : crapes, Concord, per pony bas
ket, 23024c: do, Niagara, per pony basket.'
22JT23cf lemons, per box, $2 ti3j7.33. or-
California, per box, $2 33S7.
anges,
VEGETABLES
BUYING OF ASPHALT
export trade autl to purclinsc fabrics
than ever before, the Associated Press
Industries of America lias decided to es
tablish offices In Park ami I.nnitnn
where manufacturers may register and
secure Information relative to trade con
ditions in the various European mar-
&CIS, I
Manufacturers and exnnrtAra nrn pen.
erally agreed on tho wisdom of sendiug
trade representatives to eastern Europe,
especially Russia, as a 'preliminary
measure in.the re-cstabllshment of busi
ness, according p the American Manu
facturers' Export Association.
FINANCIAL BRIEFS
The average price of twenty nctive
industrial stocks advanced l.P.G pet1
rent on Saturday to the 110.2(1. while
twenty railroads ndvauced 1.11 per
cent o S'-'.OO.
Allid Clialmers Mfg. Co., it is figured,
should enru iu the neighborhood of
$2,G00.OOO, or $10 n share on the com
mon stock this year, after nil charges
and taxes. Oross is running at the
rate of $.'10,000,000 annually.
National bank note circulation de
creased during week ended October ft.
.$017,172: Federal Reserve Uauk note
circulation increased ,?n, 002,000.
There is a growing disposition to de
vote attention to the railroad issues, aud
one of the most active operators on the
street, in talking about the market ou
Saturday, said that he-expected that for
some time to come the mnrket would be
one of railroads instead of industrials.
The New York Subtreasury gained
$6S0.000 from the banks ou Saturday,
making a cash net gaiu sincu Friday
of $2,10-1,000.
The New York stock exchange has
admitted to dealings Sinclair Consoli
dated Oil Corporation rights.
The money market throughout
the west maintained its stability
during the last week in face of various
deterring factors. For the time being
there appears to ne a pientitucie ot tunus
for all legitimate purposes and banks are
disposed to render accommodations in a
conservative manner.
The West Jersey aud Seashore Rail
road stockholders' meeting today was
attain adjourned, the federal operating
contract not beiug ready for adoption.
The adjourned meeting will be held iu
about four weeks, the exact date to be
announced later.
Atlantic Refining Company stock
holders at the special meeting today
formally approved the issue of $20,
000.000 7 per cent cumulative preferred
stock nnd the increase in common stock
from $5,000,0Oft to $.".0,000,000. The
terms of tho nllotment of new preferred
were announced last August. The new
common is to remain in the treasury for
the present.
Potatoes and cabbago- were quiet and
easier. Onions dull We quote; White pota
toes, nearby, per basket No. 1. tiOrtOl.l.V
lower grades, oOOOilc White potatoes, per
15n-ib sack, $304.23, do. Pennsylvania per
cwt , J2.10W2.no. sweet po'atoes,. southern,
per bbl. No. 1. $33..10s No. 2, $J2 23
Sweet potatoes. Jersey, per basket, MicW$l
Cabbage, New Jersey, per basket, 300 70c.
do. New York, domestic per ton. $28933,
do. Danish, per ton, $32033. Onions. New
Jersey, per bushel hamper, $1G2: do. per
UJU-lb. sack, $2 3093.10. ,
RENEWED J CURB
Anothor Advance in Issuo to Now
High Record Oil
Stocks Active
LOCAL MINING STOCKS
TONOPA1I STOCKS
SAFETY RAZOR IN SUPPLY
trade was quiet.
I ash Boy , . .
i Jim Butler
I MacNaniara.'.
Trade was I MWwaiy -. . . .
.Montana
Nor Star
ltescue rjula .
Ton Ext
West Knd . . .
West Ton
Bid
07
.20
.33
.'.20
.03
.12
.S3
.18
2i
IS
.10
p.r 1(19 lbs. racked- In 140-lb. lute sacks-
Winter straight, western, now, $10,105; in jn
do nearby new. J0.75ai0; Kansas straight,
new. $11.23011 30: do. short patent new..
IU.7S12.23i sprlnc. first clear, new. $9.23
0 75- do patent, new, $1212.'3. do
short patent, new, $12.3nffl3; fancy spring
andclty mills, patent family brands, $13!
HYK FLOUR was nulrt and steady. We
quote at $7.838.03 per barrel. In sacks, as
to quality.
PROVISIONS
There was a limited Jobblnc movement and
little chanae In prices. Quotations: H'.lri
eels, smoked and alr-drled. ,i!r, beer
knuckles and tenders, smoked and alr-drled,
S3c. pork, family e; hams 8 P. cured,
loose. 300310. do. skinned loose, yflfe
32c. do, do, smoked. 31 34c. ham, boiled,
boneless. 4Sc; picnic shouMerr. s. r cured,
loose. 22C-, du, smoked. 23c. liellles In pickle.
loose. 30c. breakfast bacon. ?sr. iara. .-.
. REFINED SUGARS
Tht absence of offerings rendered burl
nrss Impossible. Prices were unchanged on
a basis ot nc for fine granulated
DAIRY PRODUCTS
BUTTER The market was quiet but
offerings of fine table grcdes were Usht and
prices vere well maintained. Quotation!;
Creamery fancy, hlgh-scorln grinds 75
fiOe. extras. Arte, extra firsts. 20(l.ic. firsts.
355flc; seconds. 31WS4C. sweet creamery,
choice to fancv, 8ff 70c. fair to irood. fill
il7c. nrlnts Jobbing at 7274c for fancy and
5871c fo fair to rood
tQOS Tho market ruled Arm. with a
good demand that absorbed all offerings of
strictly fine ems. Quotations tree cases,
nearby firrts $10.20 per crate: nearhv cur
rent receipts, $18.00: fair to .Rood SI i 4ilfi
18. western, extra firsts. $10.20. firsts. 18
(1 18.no; nearby end western second. nrt.'-'O
'it 17 in- Inferior lots lower; fancy s'.leetcd
eges Jobbing at 71 73c per dozen
r'HEKSE Values were well sustained
with demand absorbing the limited offerlnas
of fine stock Quotations, rsew xorK. wnoi,--milk,
flats, fancy, 31S 32c, fair to good.
3Wi314c, Wlrconsin whole-milk fancy.
31!c- fair to good. SO31c, Jcbblng sales
of fancy goods 32U0 33C
POULTRY
LIVE Receipts wero very light and the
market was quiet and unchanged. The quo
tations Fowls, as to quality. 2330c, chick
ens, as to quality, 23S 30c: roosters, 23J
"J4- ducks, white Pekln. 30c. do. Indian
Runner 27a2!c. pigeons, old. per can-. 30a
33c. do, vounr, per pair. 2328c.
DRESSED Supplies were small and the
market ruled steady, with n fair demand
Quotations- Fresh. killed. tiryrleked In
boxes weighing 4 lbs. und o-er apiece. 3Pc,
welshing 3H lbs . 31S33i, wighlns: 3 lbs ,
272'ic smaller sites. 24 It Site fowls, fresh
killed, in bbls. dry-picked, welithlng 4 lhs
and orer apiece 38c. weiahlmr 3'4 lbt .
3n32c. weighing 3 lbs. 2i3 27c smaller
sizes. 230 25c; old roosters, dry-nicked
24c! broilers, Jersey, ice-packed 408 4c.
do. other nearby, choice Ice-racked 313
3Sc. ordinary to good, 308-330. broilers
western. Ice-packed, weiihln Hi 1T2 lhs.
apiece 35fl30c. do. "-estern tce-nacked.
weighing 2'i 2si lbs apleco 2833nc.
w6tem. inllk-fed chickens. 12 to box 17
lbs. and mder to dozen, per lb. 43B4.'lc.
IS to 24 lbs to dozen, per lb. 42i?43r. 23
to 30 lbs. to dozen, per lb. 33i8(lc. 31 to
3(1 lbs. to dozen, per lb. 33c: 37 to 42 lbs
to dozen, per lb. 33S34c. 43 to 47 lbs to
dozen, per lb.. 3BJf37c 48 lb3 and oer to
dozen. 3840c; spring ducklings ncarbi. as
to quality 343lc: cquab3, per dozen, white,
weighing 11 to 12 Iba. per dozen $H.r.a1i
n 2.1; "hlte. weighing I) to 10 lbs. p"r dozen.
17 508.2.1- white, weighing 8 lbs. per
dozen. $rtl.7.1, do, do 7 lhs, to dozen,
1 50(o1.2.1; do, do, HlV4 lbs to dozen,
2 rtonya.Mi dark. $1500 2 25, small anu
No 2, R0c$2
Allied Dlv
Alto Dlv . . .
Ueleher .' .
Hen Hur . . .
Kroush Dlv
Divide Ext
Dlv Svnd . .
1 Dlv Con .. . .
I Dividend . .
I East Dlv ..
, Hasbrrk Dlv
High Dlv . .
Revert Dlv .
I Reno Dlv .
1 Roretta
Kllier King
Ton Dlv
Ton llnh'k
Victory Dlv
1 erde Dlv
Zone . . .
DIVIDE STOCKS
OS
20
10,
09
.:::;::::::::::: ,!j
ne,
10
. in
13
13
.32
,07
.13
.14
.Vi.
.32
.27
.311
,r,n
Arlt
on
2R
.17
21
07
1.1
4.1
.11
I
e
is
ii.i
i.i
.14
.14
fu
03
13
17
2fl
31
71
New York. Oct. II. The Broad street
curb showed pronounced strength in Iho
enrly trading with most interest then
attached to the renewed ueeuinulation
yt General Asphalt, which again made
' n new high record, advancing 5 points
to 147.
International Petroleum was strong,
I moving up from J)4 to :(3, and Shell
I Transport rauged from ti to 77s.
There was a better tone to Loft, Inc.,
which rallied from 17K to J0 ou deal
ings of about 10,000 shares.
I American. Tobacco Securities was kept
j active by inside orders, selling at "flU.
or equal to 31S for American. Tobacco,
when American 'Tobacco was traded iu
at SUO on the exchange American Sure
ty Razor continued in mpplv, selling
at 17Vi to 17.
There was initial trading in Amal
gamated Tire at KiU to 1514 during
the forenoon. Cnunpus Iron was strong,
advancing to above 8. I'uion Oil
ranged from 30 to 40.
INDUSTRIALS
OOLDriELD STOCKS
AHanti 112 01
Blue Bull 02 .1.1
Booth Oil 08
COD 02 n.1
t'onib Prac. 03 ni
Crai-kerpaclt ....!.: 0.1 07
Development 13 1,1
Dlamt 11 B 01 .03
Daisy 112 nl
Florence 41 .12
Ooldr Con 17 .in
Ooldf Merg 1 413 01
Ureal Bend 02 .n,l
Jumbo Uxt m 11
Kewansas .0.1 01
Lone Star 01 .117
Oro 01 .iia
Red Hllla i.. . .04 .fill
Silver Pick 08 on
Srearhead no .111
MISCELLANEOUS
Amparo . . . , is
Ariz United 20 2.1
Eden , .'. s, t
Jlotlier Lode 49 .51
.Vev Hill .- ;... ,)- .04
Nev Hand 20 ."5
Promontarlo IU iu
Nov W'der .35 .15
Tecopa Mln .' i, 12
Vhlte Caps 18 is
New York Metal Market
. ",, ?rH 0it- 8. Copper -Spot and Oc
tober. 2m821'sc; November. siSSSISc:
December. 21'4 ?21' c, January, 21i a
22'c. February. 21'22'ic: March, 225?
-2Sc Market steady. Lead Spot. d.fl.V
hid. October and November. d.O.I'frfi 2,1c
December. 11 l0.3nc; January. (1 12l4 S
113,1c Mnrket quiet Ppelter East Si
Louis, rpot and October, 7 0.1c bid Novem
ber. 7 loc bid. December. 7.1.1c hid. Janu-
arv. 7 2 Ik- hid. Fehrnirv 7 '.1e hlH At.irkt
I 'julet
BUTTER. EGGS AND CHEESE
New York, Oct n BUTTER easier Re
ceipts, 37115 tubs High-scoring .14c ex
tras tvmo. Inilde firstB. .IsiffCHic sec
ends. SKSs.l'ic. stale dairy fi.1(14e
ECias unsettled Itecelpls. 8712 casif
Fresh-gathered extris. (13ft8.ic fresh-gathered
extrj firsts. r.i)H8c. fresh-gathered
firsts. n35Tfi5c. fresh-gathered seconds. S8CT
l',2c; dirties, No. 1. 481(7,10.0. No 2 42
47c, checks. No. 1. 3.KST42C undergrade. 42
Sl.lc: firsts, e.25c. seconds. ,1SRlc.
state and nearby hennery whites, 835?
tc,c, gathered uhltes. i'0fi?82c. western
whites, fl.liffSlc; Taclfic coast 84iS8clc.
western and southern gathered vhltes, 5857
78c, state and nearby hennery browns. 73
S7c, gathered browns and mixed r,Il(W72c.
fair to prime, OOJTflRc; refrigerator No 1.
30.11c: No 2. 4flJ40c.
CHEESE steadv Receipts, 723(1 boxes
Flat, current nnke. colored, aerago run.
30U30Vic. flat, current make, whites, aer
aga run. 3o30Uc. colored specials, 305?
an'ac, white specials 3nijf30'ic
Aetna Expl09les . .
Allied Parkil'l . .
Amer-Brltlsh Mfg
Amer Marconi
Amer y.irety Razor .
Amer Writing Paper. .
Air Reduction
At Jec
Canadian Car Co .
Can Car & 7(y
arbon Steel
Carwen Tcol
Chalmers Motors
Chevrolet Motors
Coca Cola
Cramp & Sons . ,
C'urtlss Aeroplane
Emerson Phonograph
General Asphalt
Hall Signal
Heyden Chem . . .
Hurn Motors
, Inter Products
I Inter Rubber
Inter Motor
Lake Torpe-loboat .. ..
Lehigh Co.il Sales .
Llbby McN & Llhby . .
Lima Loco
i Loft Inc ....
I N Y Shipbuilding
Nor Amer Pap Pulp
Otis Elevator
1 Peerless Motir
Perfection T i. R . . .
Philip Morris
Poole Eng
1'resrman Tire
1 Retail Candv .
fcertpps-Uooth
I Shell Transport
s-undard Motors
I Steel Alloys
Submarine
Swi-e of Auvrlc 1 .
Sunt Int
Tobacco Products .
Todd Shipbuilding . .
1 rlanglo Film
I nlied Motors
United Profit Sharing
U S Steamship
1 anidlum
viavnudHU
World's Film
Wright-Martin Air . .
Bid
10
li
I,
J4'
. S3
. 7;i
.'12
I"!
.110
&4
325
3U'i
151)
. 14
1
143
lll
Yes closa
Ask (sale)
10i 1014
52 . .
II
iVi ..
7
3d
lllll
12U
S.
COTTON PRICES JUMP
ON IMPROVED CABLES
Settlement of English Railway
Strike Caused Strong and
Active Market
STOCKS SOAR IN !
BUOYANT MARKET
Mi
(On
in
ISO
17
145
P
S
114
23
tin
PI Ii7
111 20
63 57
. 4'i 4'i
110 12n
4 48
f 1
il4 12'i
S'l 60
7 II
21 21'-;
. 20 50
77'i 77'j
8 !i
.1 8
1.1'i 17
12-n 12S
34 3.1
138 llu
STANDARD
Illlnels
Ohio . . .
Prairie Pipe
S O Ca.1 . .
S O N J
SONY
50
2S
5'i
40',
s
4
OILS
.173
371
281
308
71,1
432
55
2S
4".
27 ,
173
381
20'J
312
721
41
8
3DS
73"
$7,500,000
Brazilian Traction, Light & Power Company
Dated November 1, 1919
Present Issue $7,500,000
s
Due November 1 , 1 922
Total Authorized $10,000,000
CouponNot of $1,000. Interest payable May 1 and November 1. Principal and interest payable
in goldw New York; also payable in Toronto. Callable as a whole or in part on thirty days' notice
at 102 and interest during the first year after issue: at 101 and interest during the second year, and at
100 12 and interest during the third year.
"''
The Corrlpany agrees to pay the United States Normal Income
Tax up to 2 if exemption is not claimed by the Noteholder.
Central Union Trust Company of New York, Trustee
The information given below is summarized from a letter to us from Mr. Robt. C. Brown, Vice President of the
Company:
The Brazilian Traction, Light & Power Company does the telephone, .electric light and power, gas,
and street railway business in the cities of Rio De Janeiro and Sao Paulo, Brazil, and adjacent territory,
serving a population estimated at over 2,000,000. '
These notes are the direct obligation of the Company, comprising its only funded debt, and are specifi
cally secured by pledge with the Trustee of $15,000,000 bonds of subsidiary operating companies,
hi the last four years earnings available for the interest charges of only $450,000 on these notes averaged
overv$5,600,000. -
The notes are followed by stocks having a persent market value of about $63,000,000. , ,.
In the past three years over- $9,000,000 has been expended out of earnings for additions,
provements, etc.
iif. im
8'j n-
31 3l'i
4J V,
IS HC-j
120 125
2'i 2'i
23 23 si
I'H !
f.9 fll
40 4'IU
1MIKPEMIENT OIL STOCKS
Alln Oll j'i ;
jMtsinn n yo Ull .
Cotdn t Co .
Elk Basin
Intfir Petrol . .
Ielari'1 Oil T
(ilniro-k Oil . . .
Home Oil
Houston Oil
Kentuckv Pet
Merrltt Oil
Mlduest Oil .
Ohio Ful
I Omar Oil t- Qas . .
sapuipa Her .. .
lA-quovali . . .
Sinclair Qulf ...
I'outhMest Oil .
Union Oil . ...
United OU
MINING STOCKS
Alaska. B C 31 1
P,lc Ledte
uuno .New yorK . .
Poaton Slont
CPBt Jerome . .
Con Arizona
First National
Fortuna Cons
Goldneld Cons
Goldflold Florence
Goldneld Ke-an.is
Goldneld Merger
Gren Monster
Hecla Mining
Howe, Sound
Independence Lead
Jerome verae ....
Jim llutlti . .... 2C
Jumbo Extension 8
McKlnley-DarraB .
31',
ft
76
1
lJi
25
in
4R
3
4
53
4'i
7S'-1
'i
VI
30
1?
.13
Mae-ma Corner
Motner Loae
Mines Co of America .
Natlona.1 Tin
Nlplsslna-
Ray Hercules . . .
Ran Tov
Tonopaii Extension .
White Caps
45
5,l
7
11.,
. 17
BONDS
Cosden Oil 6s
Russian Govt Mis
Kusslan Govt fi'Js
.101
. 3 il
. 37
r.
27 K
10
72
4K
83
I
10
2
18
104
40
42
SH
COTTON" PELT WEATHER CONDITIONS
Jw 'ork, Oct tl The followlntrtem
reratures wero recorded In the cotton helt
this rnornln. I.l'tle n,nk 04; Memphis.
Knnxvllle ana Nashville OS, Vlcksurh
nnd Meridian. 70. Montgomery. Augusta.
Atlanta, and Wilmington 72: San Antonio.
New Orleans Siunmiah, Tnmpi nnd Tark
ponvllle, 74- Pensacol.-i and Charleston. 7'.
nnd Odlveston. 7S. There was .28 IncR of
precipitation at Mtlle Unci:. 38 Inch at
OaHes'on and Knoxville, .34 Uich at
Meridian .114 Inch at New Orleans and
Pan Antonio. 04 Inch at Vlcksbure. 1 02
Inches at Nashville, and 1 Oil Inches at
Memphis
New York, Oct li. The Midrlru em!
irij: of (hf 1'n.Klish rnilway striko iiml
couscqurnt jump in I.lvprpool cobles
paused n strons niui nriivo ppenins in
cotton today.
The early bit; lag movement wns
stimulated by the unfavorable weather
and reports that the "hipping board had
already lifted the ban ou clearances to
Great Britain. It seemed to haw been
pretty well supplied around HI fHV fov
December 'and ril.Ooc for January, or
about 103 to HO points above Satur
day's close. Trading later peeame less
active, with fluctuations irregular.
The forecast for frost in the western
belt met with no imracdiato response.
Local map renders thought it would not
be henvy enough to do any barm, but
weather conditions otherwise were eon-
sidcrVd likely to rause further deteriora
tion In the grade ot open rotton
The receipts at the ports for the day
am ctimsted at 20.000 bales, against
14. 25," bales n week ago: ."l.OOo bales
a cur ago and 20. 1113 bales, two jcars
ago
Improvement in President's
Condition Most Telling Factor.
Other Stimulating Influences
SPECIALTIES PROMINENT
Yeeterdav 5 1 1 1 30
close Open ft in m
Oclohr 30 'ID 31 4"
December . 30 87 31 8.-, ,i 71 .13 17
January . 30 90 31 33 31 8'i 32 28
March 31 ( 31 en yl 114 :ij a,,
.Uy . 31 12 31 n.i
10Ti
im-
We offer the above'notes subject to the approval of legal proceed
ings by our counsel, Messrs. Cadwalader, WicJcersham & TafU
Price 97V2 and Interest. To Net about 7
A
v...
New York
. -. -TL.
im&
Wm. A. Read & Co.
1421 Chestnut Street
Philadelphia, Pa.
Chicago
The Information oonUlned herewith ha been obUlned from sources which
wo consider reliable. While not guar&nUety It la accepted by ua a accurat.
h:-,
Boston
-
J;y ,f
Combined Reserve Bank Report
Washington Tho weekly report of
fbe combined c-udition of the twelve
Federal Reserve Banks, at the close of
business on Friday, October 3, an
nounced by thc'rederal Reserve Board,
is as follows fOOO omitted) :
RESOURCES
Oct 3
Gold coin and certifi
cates in vault
Gold settlement fund .
Gold ylth 'oreltiii
asencles .
Total gold hld t"
banks ... .
Gold with Federal rie-
Sept. 23
J242.403
Mil, 833
103.803
5239. 1R8
502.508
7B.S70
CORN FORCED LOWER
BY FREER OFFERINGS
Early Gains Due to Short Cover
ing and Scattered Commission-House
Buying
GRAIN RHI-T WEATIirr. FORECAST
Chltatn, Oct fl Illinois Missouri
Iowa, North Dalcota South Tiakot.i and
Montana Talr tonight and Tuesday,
cooler. Wisconsin l-"ali- tonight, Tuesdav
cloudy and cooler Mlnnesnta Ktlr. south
coolor: Tuesday fair and cooler NehrnsUa
and Kansas Talr tnnlrtt nr.l Tuesdav
warmer Wyoming Kalr tonleht nnd
Tuesday, warmer tonight, c toler Tuesdav
. Chicago, Oct. I). Signs, of freer of
ferings from the country and particu
larly for improved weather led to felling
of corn and forced the market down to
day after it had made good gains in
the earlv trading
Tho initial movement upward was
duo to a rush of chorts to cover and
scattered buving by commission houses
induced by more optimistic reports of
the state of President Wilson's health;
stiffer rates for foreign exchange ; the
settlement of the sritke on the English
railways and bad condition in the belt.
Trading fell off muterially after the
first spurt of business The opinion pre
vailed that bearish advices from Argen
tina would have a psycological effect on
farmers in the United States in the
matter of disposing of their hogs.
Longs and northwestern interests
sold oats, sending the market off. Trade
was small.
It was reported that offerings from
the country were small and the de
mand for cash article from the East'
was slow. Exporters declared that
mere was little, it any, improvement
in the inquiry for foreign shipments
Leading futures ranged as follows
Lorn uie'v aemery)
Open High
De' 1 S5 1 2rt
May 1 234 1 24
Oats
Dec.. 71'i 71',
May . 73't 73H
Pork
Oct .. 37 00 37 00 37 00 37 00
Jan '33 00 33 SO -33 00 -33 30 t3;
L,ard
Oct . 2100 2S 17 200 2 1". 27 40
Jan . 23 ?0 21 00 23 70 23 97 23 35
KIPS-
Lo'
121'4
1 22 ;
71
73
Sat'dav'!
12 3u close
1 23 1 24
1 23 1 22
71H
73
71'k
71'5
35 7
no
Oct.
Jnn.
IB 00 10 00 Ml. 00 '10 00 18 S3
. 18.15 '18.37 15.15 1-31 1T C2
tAsked
DEPOSITS HEAVIER
Loans and Discounts In Local Insti
tutions Reduced Last Week
Tho more striking item in the weekly
Philadelphia clearing house (.tatement
today was the increase of $10,fio7,000
in individual deposits. Ou th" other
hand, loans and discounts shoiicd a con
traction of ?2,640,0n0. The excess re
serve was cut $205,000, bringing the
surplus above legal requirements to 53 -755.000.
Details follow :
ALb JIEIIRERS
Oct 10
Loan J315.075.ono
i.xcnes. ci House. 2s,:-m,i")
i:M,.jf.im'i
144..l.nnr
8117,632
1.160.39S
-va n rents
Gold redemption runu
with United Statea
Treasury 101.25-
Total gold reeeries . 2,135,282
Legal tender rllier
ctfs., subsidiary coin .0,2211
321,044
1.103,325
100,483
2,117.854
60.C51
205,.'.U 2.1S7.303
1.572,503
3011,779
342,401
2,224.773
27,007
137
263.148 231.081
Totil resenes ..
Bills discounted secured
by government war
A,,bloBthr : :: 'm
B1m'arkbe0tUCht...'a...0P'.n 8M.80T
Total bills on hand.. 2.342,(104
U, S. Government bonds 27,095
II.SS. Victory Notes 13U
V. , ceriincaies ui indebtedness
Total earning assets 2.M2.083
Banlc premises IJ.1S4
Gold In transit or In
custody foreign co s 4,335
Uncollected Items (de
duct. fr. gross dep.) 801.05
Five per. cent redemp
tion fund against F.
R. bank notes .... li-S?I
All other resources . . 10,24ft
Total resources . . 5,782,181 5,031.800
MABIIiTTlES
Capital paid In . . . "
Surplus 1'"
Government deposits . 78.83J
Duo to 'members '-,-,.,
serva account 1,705,803
Deferred availability
items 091,068
Olher dep . lncl,lor'an
government credits . 0'.13
Total gross deposits 2,634,578
Federal Reserve notes
in actual circulation 2.703.1S6
Federal Reserve bank
notes In circulation
net liability 241,037
AH other liabilities In
cluding forelin to
frnment credits . . 30,005
MEMBERS RESERVE SYSTEM
Reserve held . . 54,02S.ono Jl'M.OOO
Excess reserve . .. .3.053.010 OlS.OllO
TRUST COMPANIES NOT MEMBERS
RESERVE SYSTEM
Reserxe held SI 031 end J502.OO0
f Excess reserve . . . 702 000 40S.OOO
Decrease.
In addition to the deposits above there
were this week $41,000,000 government de
posits against which no reserve is required.
2,503,081
13.146
80,248
827,404
11.503
8. litis
185,298
81,087
61,278
1,731.413
653,381
05,634
2,541.724
2.655,354
238
0,451
28,078
Total liabilities 8.782,131 5,631,890
Ratio of total reserve
to net denoslt and
Federal Reserve note
liabilities combined..
Ratio of gold reserves
to. Federal Reeerya
notes lnclrCTiUtlop.
after setting asl4
33$ against Bet de
posit lUbUlUes ,,,..
40.7
'8U
si. r.
Due from banks
lianK deposits
Individ deposits
Time deposits .
ties, witn K. i
legal depositories
Cash in vaults . . .
Total reserve held .
Reserve required
Excess reserve . . .
537.795.00O
0,027. 000
57 23S.O0O
13.31.0Ao
5S.059.Ono
54.304,000
3. 755.000
Increase
$2,040,000
3 425.000
14H 000
4,144,0110
10.537 000
31 000
37 000
HS3.000
33B.OOO
541,00(1
205 000
New- York, Oct. 11. The New Tork
Evening Sun's closing financial review
today snys :
News developments over the week
end were fntornble, nnd the course of
the stock market iu every sense met to
day expectations entertained at the
elofo nf st week by moving ahead
lirnnrllv nml l,riblv Tl. f,,.,. .....i
swing embraced railroad shares as well
as industrials. i
The steel and equipment issues were
wMl in the lead from the outset, and
they were closely seconded by the
motors, oils, sugars, shippings and in
numerable individual specialties.
Gains ranged from 1 to H points or so j
among the standard stocks, while some
of the so-called miscellaneous stocks
advanced o to 10 points. At midday the !
movement slowed down to some extent,
and in many cases prices dropped back
from the top figures, but the position
within the market was not impaired
appreciably.
The improvement iu the President's
condition was the most telling factor.
His illness had been denressluc and the
street depiecated the rather alarmist
character of the statement from the
White Hou-.c last week. It. is not I
natural, therefnre, that tho reaction j
from anxiety should be much in evi- j
deuce. Iu support of this there were
tne turtner factors of the settlement
in the Hiitish railway strike, the con
vening of the industrial conference in
Washington from which. lookinc nt it
j from the economic viewpoint, much is
expected, whilo at tho same time It is
iceognized that its deliberations may
be complicated by tho precipitation of
the steel walkout in advance of the
gathering.
It hns become pretty clear, how
ever, that tho strike has nearly worn
itself out und possibly this may render
the radical labor leaders more pliable.
The rioting at Gary was interpreted in
some quarters as indicating tho last,
phase of the strike on the theory that
when violence begins it is a sign that
the strikers arc losing confidence in the
strength of their position.
The reconvening of the Supreme Court
which has many cases at the head of the
calendar dealing with big business was
regarded w ith iutercst. The advice of
the, council of national defence to save
aud produce as the only effective means
of keeping commodity prices down, and
the federal reserve bulletin, urging in
creased production, contained nothing
new so far as the street was concerned
but such remainders from quartrrs sn
influential are always timely.
Tho most spectacular performers
among the industrial shares were Cruci
ble Steel. General Motors. Mexican
Petroleum aud Baldwin Locomotive
Steel touched 10S farly. Atlantic Gulf,
Southern Pacific and Texas and Pacific
were strong by virtue of their petroleum
possibilities. The coppers did well, and
American Can, the tobaccos, Interna
tional Paper, the tire shares, Baltimore
& Ohio, Reading, Atchison and others
enjoying expansive moments.
Stocks were none too freely offered in
either list, and tho shorts were more
or less kept on the rack all the time.
MONEY-LENDING RATES
NEW YOIlIi Money on call, both
mixed collateral and all industrial col
lateral, opened today at 7 per cent for
lending nnd renewing.
The market for time money shows
unchanged conditions. Business is light
with money offered on industrials at
(5 per cent up to ninety days. There
have been some loans on that basis for
sixty days.
Prime mercantile paper is slightly
more active at unchanged rates of 5
o2 per cent.
The ruling rate for call money con
tinues to slow down. Rates aro un
changed. Call loans on acceptances
stand at 4'i per cent.
Every Man
Needs This
New Book
Free to any business
man who is interested in
the market and who
wishes to know
The General Rules nf
Trading.
How to Give a Broker
Instructions.
Brokers' Commission
Charges.
How to Indorse a Slock
Certificate.
How to Use Collateral
in Trading.
How to Gioup His In-
vestments.
The Deposit Require-
ments for Carrying
Stocks on Account.
The Rights of Stock and
Bond Holders, etc.
Written in simple lan
puage and easy examples
given. No obligation,
edition limited. Call,
'phone or write at once.
Ask for No. T. U.-G28
JONES & BAKER
SECURITIES
Widencr Bldg.. Philadelphia
Phones Bell, Walnut 6085
Keystone, Race 2290
New Torlc Detroit Plttsbure
CMcmo Direct Priiaf tflr.i BostS
nXANCIAI,
Till-, EQUlTAnLK lLT,TJjriNATINO flA8
LIGHT JCOMPANV OP PHlIiMlfctpilIA
lirst Morlgaise Ktve rer Cent
tiold Hands. Due 1028.
iim. te?,.!t h.'rfJy &'v'n' Pursuant to Ar
ticle Third of the Mortis ge to New Tork
i?,uri'cSo,ln.iT.r'S.t Conps.ny dated February'
1st 1S98 that the, undersigned, as Trustee.
"Ill receive sealed proposals up to 3 p. m..
!." ?.8tlV 2a5'..of O'tob", 1019, for the
sale to it of bonds as aTve described, at a
rrlco not exceeding the rate of 105 and ac
nfU'iaVJl?"ri 8,lffljei" to exhaust the sum
?i '5.3-32,r'2 Preference to be given by
,r?eeTrUTh.0VOh1;01)I, oru"d at the loWs?
r-or1.?,'' T0J?K, TUST COMPANY.
rConm!;1aVnvI,TrUST,0erk EeCUrity "" "'
Dated. ... "Scaf.' iWT
Animal Meetinrs
it,,JANJUAL J'EEmo OF THE STOCK.
holders ot the LOUIS I1ERQDOLL BREW
l?G """'ANV will be held on Thursday
November 0, 1019, at 1 o'clock p. ra" at
the ornce of the Company, 59th and Farrlsh
streets. Phlla . to elect a Board of Directors
to serve for the eneulnsr year; nd also to
accept or refus the offer madt for the pur"
chase of 2(115 GiraM avenue, lhlla.. oSed
by the Company, and to transect such other!
hulness as may come before th saldjneet-
IHE LOUIS BERBDOMj BREWING COM-PANT.
HARRY RTEOEJt,
October 6 lPlfl
Secretary and Treasurer.
PHILADELPHIA Call. ri3-i6 per
cent; time, !j0 per cent, commer
cial paper, three to six months, 5J4
54 per cent, aud six months, C per
cent.
LONDON Money is quoted at ZV$
per cent. Discount rates, short bills
3A3i per cent; three months 3fg(&
O'ia per cent.
Reserve Banks' Discount Rates
Official discount rates at the twelve
Federal Reserve banks were as fol
lows :
(The first column gives rates for all
periods up to and including a fifteen-daj-
maturity, ihe second for a period of
sixteen to ninety days. The third and
fourth columns give tho rates for dis
counts of collateral loans secured by
government bonds or notes.)
Koston
New Tork
Philadelphia. .
Richmond . .
Cleveland . .
Atlanta . . .
Chicago . .
St. Louis . .
Minneapolis
Kansas City . .
Dallas
San Francisco
Com'l paper
k Hi to 00
15 diss
4
4
i
44
4'i
V
4
4
44
l
S
44
da vi
4S
Oov't paper
IS to DO
15 days das
n 4Vi
4st 4 4't
4U 4 4'.
4s 4'i 4'i
4'i 4 4.
i 4 4'i
4K 4 4'.
i'i
4st 55 5'i
5 4U 4'J
ih'Si 4 4li
5 4'i 4'
nS NOTICE IS IIEREnV filTEJf THAT
'J-ff at a Special -Jlee tine of th. Stoek
holders ft th; Bank of Commerce. "Jm
on the lfith day cf September lsifl ,.
v-hlrh 2592 shares of the S000 WrV. out'
standing were present, either In person or
by proxy, and votlni. a resolution authorli
"i8r.fn,1r,dlr,ect.lRr th Directors and Officers'
of the Bank to convert the Bank of Com.
merce Into a National Bank and to rnaka
the certificate required therefor by the lava
or tne unnea suinni unanimously
passed. JOHN P KOLB.
Cashier.
Proposals
SEALED PROPOSALS WILL BE HE.
celved at the office ot the OfUcer la Charae
of Construction. Frankford Arsenal. Pnni.
delphla. Pa. on or before 2 p. m.. October
7th. 1919. and then opened, for tho eon
ttructlon of fvo (2) concrete chimney foun
dations la connection with the new Power
House
Plans and specifications may be secured
from the Officer in Chares of Construction.
A certified check to the amount of five
per cent of the bid must accompany the
proposals., check to be made to the order of
the Treasurer of the United States. The
successful bidder shall furnish satisfactory
bond In the amount ot approximately fifty
per cent of the contract price.
ELECTRICAL UTILITIES CORPORATION
11 Broadn-a?, New York
PREFERRED STOCK DIVIDEND NO.-88
The quarterly dividend of one and one
quarter (lVifl.i) Per rent on th Preferred
Stock of. the ELECTRICAL UTILITIES
CORPORA 'ION for the quarter endlnz Sep
tember 8t. 1919. has been declared pay
able Octolwr 15. 1919. to the preferred
stockholders of record at tho close of busi
ness October 191".
A E. SJflTH. Treasurer-
rnorosALi for overcoats omcB
of the Quartermaster General of the
Army (CloVhln & Equlpag-e Division) Muni
tions Bulldlnfir. Washington, D. C. Sealed
proposals, in trrpllcite will be received at
above office until 11:00 a, m., October 17.
1019. for furnlshlns all or any part of
40.842 OIHe Drab Overcoats. Proposal
blanks and Information furnished on request
STEAMSHIP NOTICES
New Yorlt. Otf.
tion of Italian exchange,
Increase Capital Stqck
Ilarrisburg, Oct. 0. These Penusjl
vunia corporations have filed notices of
increase of stock or debt at the Public
Servico Commission : Metropolitan
Edison Company, Reading, bonds $06,
000; Stone Hill Water Company,
Kouseville, common stock $5000; Edi
son Electric Company, Lancaster,
bonds $205,500; Towanda Electric Il
luminating Company, Towanda, bonds,
$S000; Pennsylvania Utilities Com
pany, Eastou, bonds $0S,500; 'Wash
ington Township Electric Light Com
Jiany, Allentown, common stock, 5.100;
pastern Pennsylvania Railways Com
any, Pottsville, bonds $20,500.
BAR SILVER
Commercial bar silver was quoted in
New York today at S1.20?4 an nun.
Pa gain of q. In London the price was
U4u, unchanged.
RAILROAD EARNINGS
BUFFALO. ROCHESTER ND PITTS
BURGH RAILWAT
. 1019 Increase
Fourth week Sent. .. . S.12H.114 eta nit
Month of fcent. , 1.455,85 327.172
'Decrease.
CHICAGO BUTTER. AND EGGS
hlcaro, Oct. -6. BUTTER Receipts,
SSSi.V"' Steady, EjtraTe2ffl02Ho; firsts.
51 W 81 cs seconds. 40BOe.
EGOS Receipt.., soflf case. Steady.
60.&6.4Tci ralBCtli&naatiJi,. elfttftfiSfl. '
FOREIGN EXCHANGE
o. nun tne eicep-
regaraine
which reports were at variance, the
foreign exchange market was fairly in
line at the opening with the prevailing
figures. There was a range of about
r points in lire, some nroiccrs quoting
them down to 0 80 for cables and 0.S1!
for checks.
Other quotations were : Demand
sterling 4.21M,, cables 4.224 ; franc
cables 8.36, checks S.3S; lire cables
9.S0, checks 0.S2; Swiss cables 5.53,
checks 5.55; guilder cables 3S'4, checks.
3S; pesetas cables 10.18, checks 10.10;
Stockholm cables 24.65. checks 24.50;
Christians cables 23.23, checks 23.10;
Copenhagen cables 21.75. checks 21.60;
Belgian cables 8.38, checks S.40 ; marks,
nominal, 4.15; Austrian kronen, 1.50.
BANK CLEARINGS
nank clearlncs today ompared with cor
restiondlns day last two years:
1910 1018 1917
Phlla.. .B9.401,729 $64,704, 415 J53.150.901
Boston . 45,294,127 4S.53B.H4 RO.42S.R71
N V 820,522,181 '441, 82S.879 3S4, 582.381
.St. Louis 3T,,60I,535 37.137.23
GOVERNMENT BONDS
Panama coupon 2s. 1936
Panama registered 2s. 1038 . .
Panama coupon 2s. 1938.....
Panama registered Is. 1938 .
Panama coupon 3s 1961. .
Panama registered 3s, 1061
Philippine 4s, 1934 .
Philippine 4s, 1033.''
Philippine 4s. 10811.
IT 8 Govt coupon 2s 1930. . .
Bid.
911
084
. Mi
89
(92
02
02
100
d Ask
3 '-::
ot
01
08
98
94
DMJende
THE nOMtl) OF DIRECTORS OF THE
DICTOGRAPH PRODUCTS COltTOltA.
TION have this day declared a quarterly
dividend of 2 on the outstanding- preferred
stock of this Company, payable October 15,
1919, to the Btockholderta of record Septem
ber 80, 1919. Btock books will remain open.
DICTOdRAPII PRODUCTS CORPORATION,
II. it. DeLANOIE. Treasurer.
I eBtmpr at x, a ,
ASNC-LINES
MONTHLY FREIGHT
SERVICE TO '
MEDITERRANEAN
AND
BLACK JEA PORTS
Marseilles Barcelona
SS Susquehanna
SAILING ABOUT OCT. 15
From Pier D, Port Richmond ,
Alexandria-Constantinople
Piraeus Galatz
A Steamer
SAILING ABOUT OCT. 20
From Cherry St Pier
FOR SPACE & RATES APPLY
AMERICAN STEAMSHIP
NAVIGATION COMPANY
REAL ESTATE TRUST BLDG.
TEL. WALNUT 390 ruiLA.
EARN LINE
Philadelphia Havana
GENERAL CARGO
U. S. Shipping Board Steel Steamer
S. S. "LAKE FLUVANNA".. Oct. 15
S. S. "LAKE GALERA"....Oct.27
For rates and particulars apply lo
Earn Line Steamship Co.
V - , ' - V. '"' fr' "
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