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EviftOTG PUBLIC LEDGER PBiLADMLPHIA, SATURDAY, OCTOBMfc 18, 1D1D
h.A
t,Km
S 1 .,
.'",. i- 41 .."
4 " 4 M.)' l
. A . -M
4 7V
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hf
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'
JHE FIRST PENNY SAVINGS
? BANK OF PHILADELPHIA
21st and Bainbridgo Sts.
Branch Office:
Broad and Chestnut Sts.
Liberty Buildinp, Entrance on
Chestnut St.
John Wanamaker
Founder nnd President
Allows
''8 4
Interest on Deposits
Deposits accepted up to ?5000.00
on any one account.
Wo wish to lake this opportunity
to thank our friends and the
public geneinlly for the veiy gon
eroUsi support given our Uranch
Office since the opening day,
October 6, 1919. If our branch
is more convenient open jour
account theie.
Save and watch it grow,
DEPOSITORS OVEK 00,000
Deposits ovejr ?,",00n,000.00
'NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA. STOCK QUOTATIONS 4
INTEREST STILL RUNNING
LARGELY TO SPECIALTIES
Secondary or Low-Priced Shares Wv.ro Leading Features of
Initial Trading Oil Group Continued ) Prominent
New Yin It, Oct. 1S. Them was a
stiong tone tD tlic stock imiikit Hi tlic
opening with ii fuither bioiidenlug o
speculative interest, musing advances
in mi iticicuscd number of picviously
imiL'tlvi issues.
The feature of the tttiiling was the
first sales on the boaid of Auto Sales
winch lnmlc u gum of -U points ncr
i thev hnal price on the club, advancing
I to l.V. The motor blocks were the
Miiit prouiincnt group. l'icrcc-Aiiow
I moving up to S),"i, u guln ' nearlj 7
j points,
.Studeboker ice l to 1312 nud On
I euil .Motois!!',, to .'107.
I Oil slocks also were in Rood demand,
Tiaiieontiiiciitnl being the most proinl
I ncnt featnie in that Kroup, udvtitifitig
I ninre thiiti 1 point to uil, I'an-Aiiici
nan lose :l( to 13.'t and Mexican IV-
tiolcum ndinm-fil l to 'Si'.i. Middle
I Mates OH, one of the nevvcomcts on
the i xehungo, lose 1 points to Hl
American Hide and Leather prefened
made a Rain of - points to the new high
'lecoid of HP!. Southern I'ncilie was
I the fentuie of the inilrnnd, uiImiiii iiifj
I '- to 110K.
t'liited States Steel was sfendj at
the opening, but Inter developed stiength
lunging fiom 1US to lOD'i.
In view of the incuiisniR irti-guhii -it.v
which inaiked the wick's pine
tlm tuations, not iinmitur.illv maiiv nb
sirvcis me endoaMiiinR to make i-nie-ful
soundings in otdtr to determine
satisfaitoub in their mind whether or
not the peak of the biR upwind swing
has been touched.
Dining the week the market was
hfiivih ihaiRcd with innfliititig cross-
cm rents, such as nre usually cxpcii
enced in the fimil'stagcs of every great
market swing. Oftcntinics these sur
face siRiis nn mlsleadluR, and what
has all the earmiuks of, a culmliiatlou
of n gre.it spiemltitlu- iiiovement fre
ipientlv lilitu out, to be n lueic halting
peiiod. After a brief testing spell the
flame of speculative enthusiasm is
again fanned Into a blaze olvvldespicud
excitement and the tipmiirkltig of Fo
rtuities is resumed on i more extiiiva
gant scale than evtr.
After milking a careful and unbiased
analvsis of the week's laaiket develop
ments, there is not to be found a single
nutvvinil sign upon vvhieh there tould
be based a tellable reckoning to de
ti inline acciuatelj just what jinn ture
the market has leached
It ii tine thete has been a distinct
clink placed upon the extravagant and
nckliss pool and cliipi" opciatlons
thioiigh the medium of tighter mone.v.
This however, is not u satisfactoty
guide post, Inasmuch us sonic of the
biggest and most successful bullish cam
paigns have been can led (hiough in
face of niotict rates much higher than
those now inline
Possibly the mote impm taut question
to be ilclt-inifin-d and whn i hum fur
nish a safe guiding stm in futuie mm
mituients would be In the obtaining of
inornate iufoinintion as to the extent of
distribution of Mocks made by the linger
financial intciests and tin pool and
clique issues In othir words, how
gieat is the -volume of what ihe stieet
is pi i)ii(i toiall "undigestid sei unties?"
The .satisfactory solution of this ipies
tciinine ai'ciiratelv just what juncture
the market has reached
American Telephone &
" Telegraph Co. 6cr Notes
Due October 1, T922
i Price 99, yielding 6.25' b.
Companv pnjs 8 dividends on
St 11,000,000 Capital Stock
Thos.A.BiddIe&Co.
'" 424 Ch'ettunt St.
Ol'Nti AIVN. IS. desires posltinn with
wmi rc-lhiblp tlrm. where tourtesi
nnd education n lie iipnlleil to nclviiii
tEe. er Utile liuslness eMierlence.
but can write nncl translate iiinlsh.
A US. IXnt.l.K OIHl'K.
h
,
H&
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
1S1K HE VI, FSTATI3 TRt'ST ni.DO.
tnTtaticate nnd ndjust iiurtnemlilp and
rerporatlnn aeeunnta. Also prepare U. SJ.
Income Tux Returns.
CORN TURNS LOWER ,
AFTER EARLY GAINS1
Business Limited in Volume.
Oats Start Shade Higher
on 'Light Sales
DRAIN I1EI.1 WBA1IIKII FOitUt'AsI
(hleiKn. Ott 1s Illinois oml Mlsuurl
fiilr unit kiiii, i tKiilaht, Hunlltt part
iloudv mil wsrmn Wlneonsln t nsei
tlisl with Khowis Puntiav, wanner tn
nlKhl iniilvr Sun,h, Mlijnesotii anil
Inua- L'tisttled tonlaht nrob illlv ruin
late tonijrht or Suni North Xlnkot.i
and ilontum Pair tonlsht and Sun
lav , cooler South Dakota Italn proha
lily lonlcht and Sunday, with colder
weather Nebrai,ka lncrenslnff eloudl
pens, s.urda phoners cooler Kansnn
Part clo"d tnnlKht met Sunday, probatilv
unsettled 1.00I.! 'omlnn snow nroba
bl tonight nnd suml i uuler
Cliicago, Oct. 1 Ovetnigbt cover
ing of shoits caused initial advances in
New York Bond Sales
summary of the tnclMlunl impac
tions on the New Yuri. Stink KvchirtBe
All riold M CV A
10(1(1 . 2H-2
Am Smelt & It Ds
fnno ST
Amer Tobacco Gs
llHKI . ..101U
Am Tel & Tel, 5
11)0(1 . S0,
Am Tel & Tel 4V4
1 nno . S5
Am Tel & Tel 03
4000 101h'
10(10 101?9
I moo loth
, 0000 ioik
1 Am Tel & Tel clt
J0OO S'J"s
1 ."(KM) . S'-'i
Anglo-French 5s
1000 073-s
J000 0"?S
o(ioo, . ., 07J-i
' 1000 . . . 97JS
, 1(1000... . 07 7
1 lorn) 'ic i
Lehigh Valley 6s
1000 ioi'jt
I. .1 v t: it & s p.
Motion 4s
-"' I) (iVi
Louisvll & .V t-It Cs
.Wild . . 07
Mholiaican IZlev 61
NEW YORK STOCK EXCHANGE TRANSACTIONS
,,iv-
Sales lu 1
von
J '(
10(1
.too
21130
1(100
Ull)
I 'Mil
1:100
moo
too
RHM
A0O
. tllirh
Adams Impress 33$i
. . Arivnnco numely .... 4ft
0 Advanco ltumely pf. 74l
., Alaska OoUl Mints .. 3J4
6 AJax Itubber 05
.. Allls-Chalmcra Mfjt . 4H14
S Air Agrlo Oum 0
Am Hect Sugar 07M
n Am oscli Magtieto . I20J4
. . Am can
IS Am Car & Foundry
.. Am IIUlo &. Leather
7 Am Illdo & I.cj. pf
ItJOO 4.80 Am Internat Corp
liOOO...
L'000..
2000...
liOOO..
1000 .
1000 . .
2000 . . .
2000 .
07'j
07'j
OS i
(17
17' j
'7'.
'17'.
riVAXCI Mi
T)H blends
CERMANTHWN TIlUhT t OMPANV
BOtti Heml-Annual Dividend
Philadelphia October U. l'JIO
Ccv1 n i a mtlntr or the Hoard or Illrei tors
T belcl this day, a dividend of P1VE I11H,-
' "I.AHS PKU MIAKli was declared payable
Z? en" Nov ember 1st
V)Vi, to Htorkholders of
rr rzr on r0Pinrr I'm. ifi 't " nuanuuiuTia
Wuftkif vf j. rmrvrd on the bookn of tht Pompany at the
mKfttrelovo of business October 1'oth 1019.
Sp6f35i' Checks will be mailed
KwTj?r Transfer books will b closed from Octo-
, r'lier 3tn 10 rwovemnr jpi jkih
" CLAKCNCK C 11R
LINTON
Treasurer
l'ronouIg
ro
h
n
OTK'K TO rOSTK CTOKS
iiniimvi.K
KKASIIir. PARK. (ltKN ( III NTY. ". .1.
Sealed proposals uddressed to Aaron Wil
bur. ItoroUKh t'terk. for the eonstructlon of
nbout 84(10 feet of llortrdwall. nnd for the
lurnlshlne of nbnut 3S0 OOO feet D M of
i lumber 2xcl In 2x8 in and 3x1.1 In will
In received to the Horough ouncll of the
lorouirh of Seaside Pirk at the Couneil
Chamber on Saturdnj, the first tiny of o-
member, 1010. ut 12.00 n'rlock noon, and
opened Immediately iher, after
Each proposal is to be lulled ' Proposal
for Hoardftulk Construe tlnn lid, h bid is
to b accompanied by h eirtiRed check for
ten per cent cl0'w of the contract price
bid, made payable to Holm s nn Vote Bor
j, tiugh Treasurer, without LOndltion or In-
dorsement
nans ana eperinrauons maj be obtained
from the lioroujh Clerk at beaslde Park
and at the office of Iteminstnn & Voabury,
Consulting EnBine. rs 1101 Marktt atreet,
Camden, N J upon the deposit of $10 00.
of which sum I", no villi h, remitted upon
the return of the plans md spi clllcations In
, cood condition
' The llorouah reserv tb, cBht to reject
any or al bids and to dec Id as to the de
ulrabiUty of the bidder
, Avnov nii.bi-R
UorouBh Clerk.
,.,.. cc-i
the coin mat Let toda;., December being A(1 (joab' Lin'0 4a
ciuoted at SI LM1... to S1.2tr;i, an lip- i ' mo SI
turn oC c, and Mnj at $1.2:!C, to ! AT& S V lly4s
$1 -Ulir, a gain o JP, but an easier "'lOlMi' '".' .'0.'
feeling developed and the mnikel
worked slightly loner just attei the
start. Business was limited in loluuie.
The neather map showed ideal con
ditions for curing the crop, but the
foiceast was for a letuin of unsettled
conditions, and theie aie many ob
servers who believed the flume of the
market will depend on the volume of
receipts. Commission house-, were
sellers on the ndvanic.
The leccipts heie today were l.'M
cats.
Oats stalled u Muulo higher, Decem
ber at 71c to VI 1h mi advance of
3,sc, ami May at 71c to 7-4 'sc, an ad
.ime of Vic Theie was little activity
to the market.
Local opcratnm bought and -tiling
b.v the commission houses on the bulges
supplied the demand, so that the e.uly
range vvus small.
The leccipts heie todaj were 114
cais.
The receipts of wheat at Minneapo
lis iverc ."4,! i-ars; at Duliitli, ,"i2 cais,
at Chicago, J 1," cars, and at Winni
peg, i),i.s car-.
Philadelphia Markets
PROVISIONS
ATc.SPi:ODIv Is
1000 . DO"
Bait & Ohio ov
101)10 7.'!l2
Bait & Ohio la
4000 72
B&O P L, i: & W Is
2000 01
Beth S Co 5s of 36
,-00l S71
Brooklyn It T us
WOO.. . 2(1
dies & Ohio 4 43
1000 7(1
1000-. 70
Ches cS. Ohio cv 3s
7000 hS
tocio hi:;
Chi B & Q is
oOOO !.V
J000 'Wfci
Chilu Copper 7s
1000 II,".
Chi & V W gm
,r. i S1)
C II . St 1' cy 4's
1000 703n
2000 7liJ
I 2000 77
C M il Ht P fd 4 Vis
500' i . OjH
Chi St & St P cv 3s
1 I1000 70!
2000 70
Cil of Pails Ch -
I 1000 07 ii
1 1000 J7?i
I Colo & S Ity 4n
1 looo so1;
Con Gas Co cv
1000 . . . ",!.'
(1000 . W)U
Mldvalo S & O 5j
1000 S7'i
Mo Paclflo cen t
1000 OV,
5000 ... .1SJi
AIo Kan & Tex 2d
1000 . . . .to
n r c ii n n r cj
5000 HO
1000 )".'
Noi tbern Pacific 3s ;
2000 57"s
2000 57, I
1000 57.- '
Northern Pacluo is I
10000 70'. !
2000. .... . 711!
Nor & Western la
1000 V) j
Oro Wash R P. 4s
10000 75 I
I'cnn en 4V4 I
2000 'J.1U
Penna, gen 4s '
1000 N'i'j
.1 00 .vVj I
Penna'J? 1? is
.(K)0..,.- fil I
5000 .. . u
11000...-,.. 01
2roo...... 01
looo or,
10000 01
Plereo Oil 6s or '34
::ooo 105
Reading 4i
1000... . SJ'S
St I. & San P Seo A
1O0II 50
,00(1 50
St U &, San P Seo B
2000 715,
Se.ib Air Lino aj
1000 -17' j
So Pacific rd
1000 M
1000 SI
So Paclflo cv 5a
1200
soo
D200
N90
700
aoo
1900
200
2400
0100
200
200
A 0(1
300
400
I20O
DUO
2110
dOO
inn
101(1
20(10
100
1(100
i;no
IS 'I I)
1300
100
100
Kill
1200
ton
:uno
100
100
11)11
o n
1011
soo
ton
1200
7)0
100
1.1(1
2110
",'D0
200
100
100
;,m
too
Alio
11)1)0
a too
i.-i in
no
son
s,on
1110
1U0
son
.-oh'
70J
looo
soo
11)01)
100
200
1100
AOO
100
2(11)1)
AOO
1000
400
200
WO
no
70(1
200
II ')0
201)
1)10
700
390
Kill
100
C4W
.mn
. 38 H
.141
.123
. 80
.113
40tt
74'.
42U
..109H
.30934
,.111
r.o?4
itVa
3H
91
188J4
1014
2094
Am Linseed Co
0 Am Iocomotlra
.. Am Ship & Commerce,
4 Am Smelt & Uof ...,
"I Am Steel foundries ,
7 Am Sugnr Ret
10 Am Sumatra Tob . .
Am Tel & Tel
20 Am Tobacco
7 Am Woolen
.. Am Writing Paper pf.
Am Zlno Lend & Sm.
4 Anaconda Copper
. . Assets Realization
Atch Top & Santa Pe.
it) Atl Gulf & W I S S ..
Auto Salos C tem ttfs
. . Auto S C tern ctfa pf,
. Baldwin Loco Works 144&
4 H.iltimoio & Ohio pf. AOUj
8 Barrett Co 134
.. Bethlehem Motors ... 4214
fi Bethlehem Steel . ...101
5 Bethlehem Steel B ..104&
.. Booth Fisheries . ... 17 !
.. Brooklyn Rapid Tran. 2014
. . BIjhi It T ctfx of dep. l?i
.. Brooklyn 1'nlon tias. . 72?J
. Brims Term & II R 1W
.. lluflnlo & Sus pf ctts. A0
SO Butto Copper A. Zinc. 11
. . Caddo Central O & Ii. SC,
4 Calif Packing Co . . , 83
.. California Petl oleum . 2
7 Calif Petroleum pf 81 !4
. Cnno J I Thresh St pf . 0SH
39
(it
,10S
. 120
. 50 Vx
.138
. 9?i
. 2.'4
. 43 H
CAI'a
tm
28
Central Foundry
, Central Felry pt
fi Central Leather
7 Cen & So mer Tel
4 Cerro do Pasco Cop.
8 Chandler Slotors . . .
.. Chicago Clt Western .
1 Chi lit Western pf .
.. Chi Sill & St Piul .
.. Chi Mil A St Paul pf
7 Chi & Northwestern
Chl llneU Isl & Pac.
6 Chl Pneumatic Tool .10114
.. Chllo Copper
. Cluett & Pmboilv . 8?4
4 Columbia Gas &. nice. C0H
Colum (iiaphophone . A'i
. . Continental Candy . . H
. . Contln Candy rts . I
5 Continental Insur . 7S?4
.. Con Interstate) Cal M. 20 ?4
.. Corn Products Ret .. K!6
12 Ciuciblo btctl Co ...230
.. Crucible Steel pt 103
. Cuba Cane Sugar .... 42 ?i
7 Cuba Cane Sugar pf.. !sia4
.. Pen &.R10 Grando pf. 17 a
3 Elk,Ilorn Coal Corp . 3S
l'merson-Bi anting ... 38?4
.AO i:ndlcott-Johnson 13SJ4
7 Kndlcott-Johnson pf
.. Erie
.. Fairbanks Co . , . .
8 r.im Plas ers-Lasky
. Fisher Hodv Corp . .
. . risk Rubber
2 Fieeport Texas
2 Gaston Wms . Wig
it npnnral (Mirar Co ,
H General Llectrlc Co..lts!j
12 Gen Slotors Corp ,...3(n
IS Gen Slotors Corp deb. 87
4 Goodrich B P 841's
Granby Consul SI & S. f,8
7 Gieat Northern pf .. 8(S
4 Gt Northern Oro ctfs. 43Js
i iinOiell & Barker Car. f A
i, inspliation Con Cop
. . Interboro Con Corp .
. Int Agricul Corp . .
A Int Agricul Corp pf
104 VS
. 13
. 01 Vi
.I07H
,lf.3'4
. 677b
. 4Sla
. 31 H
e,4!i
11
2'8
82
Low
33,4
48
74 'i
or.
48)4
0V4
97W
124
3W
134
37?,
141
1224
80
112
mi
74 y,
s 42 ls
142J'b
108'4
oars
308
13914
COM
221
08 H
3'b
80?ci
lS8?i
lS!2
29 r
143K2
014
1324
41
101
10414
1714
I05i
.10H
72 ?4
1U14
CO
12?4
."fi
8114
42
8114
0S?i
30
114
10414
120
A914
13014
8
20 U
43
us 14
91
28
10114
23
83 ?i
CO
A()34
1314
I
78 9i
2014
9
230
103
42 n
8394
UH
35
3794
13S'4
10414
1S34
!)l
117
1C3I4
3194
tn
3114
841'b
10814
300
85
fiH
t,s
SATs
43?s
f 'b
10 9b
A 9b
2014
82
11 30 Net
Tjint Chgo.
3194- y
4H 34
7U4 1J4
214- '
95
18V4 ''
9 '.14 H
9714
120?!) ii
(,4U 1,
13114 '
389H- H
141 l'4
121 1
so 1- 94
112 94
40V4 IV4
7114- i
42 H 4 yh
142 k 'S
109 H J
99Jb y
30994 394
141H 2J4
1.09b '''
22 'B
IS- 'i
3H I
91 - W
lHS'i-i- 19s
Kl'z
294
144 12 K's
5014
134 314
4 2 'A- 2
101
1C434
1714- '2
19H- H
10?8 1 3B
72 '4
1014- 1
3d - -'
1294- '4
0
81 -
A2 It
d 1 14 4 J
!)S34 '4
39 4 I
04 - I
105 4- 't
120 1 A
69 '4 r2
ISM f 1 14
9H
2014 i 34
1 f I 8 ?4
C5'4 1 U
91 4
28 'A
101 J4- 1b
2.19a 's
si 34
A034
I 78
7594 - 34
11014 '4
so - 14
230 '2
103
42s4 3&
8534 34
1fiB " 38
3 I
,Tl4 1 134
13S1'B(- 34
10114
1534 - 'i
91 '4 114
107 '4
IS.1'4 4 314
41aa- Js
489b 4 'A
31 la- 14
811s
1 OS 14
3CS -i- 21-4
87
Mt8 114
08 - 14
SS74 Vs
4314
I A 4-1
01
H 14
2(114- 54
82 - 2
Snlea
100
1500
700
3300
100
300
2G0O
800
400
In t
Tut Hnrv Co new ....114
. . Int Mer Marino 02J4
0 Int 5Ior Slnrlno pf . .11514
.. International Nickel .. 2994
. . International Paper . ("4J4
. . Jew el Ten 2lrt
1 Kclly-Springflcld t ..15114
Kolscy Wlicel Co ....107)4
High T.pw
2 Kennecott Copper
7000 1.20 Keystone Tiro & II..
200 G Lackawanna! Steel ,.
200 . . Lee Rubber fe Tiro .
200 .1.50 Lehigh Valley
35 A
71V4
8394
35 Is
48
094
100 .. Loose-Wiles Bis ..
100 12 Lorlllard P Tobacco .23.194
100 7 Iuisville & Nashville. 10S14
3A0O .. Slaxwcll Motor 62
300 .. Sfaxvvell Slot 1st pf.. 80
1100 . Slaxvvell Slotor 2d pf. 4.114
000 0 Slay Uept Stores ....12314
1500 10 Slexicnn Petroleum ..253
2800 Q.. Sllddlo Stato Oil Con). 15
3400 4 Slldvalo Steel & Ord.. 63
300 .. Stissotirl Kan & Tex.. 1294
700 .. Sllssourl Paclflo .... 29
400 .. Missouri Paclflo pf .. 4814
400 .1 INatlonal Acme Co .. 3896
200 . . Nat Anillno & Chcm . 03
200 5 National Lead Co .... 8!4
1 300 Nat Load pf 100
100 .. Nat Conduit & Cable. 1514
100 1.50 Nevada Con Copper
aoo
1700
200
400
SOO
700
AOO
3001)
1100
100
1100
1
SOO
200
000
4500
13501)
100
300
101)
1800
iooo
1111
1100
(.00
200
700
300
SOO
1100
400
1714
7 New Or Tex & Mei.. 49T4
10 Now York Air Brake 137
.. Now York N II & H. 32 TJ
.. New York Out & W.. 1914
7 Norfolk & Western ..101
7 Northern Pacific .... 809a
A Nova Scotia S & O .. 82
Ohio Cities Cas 5014
3 Owens Bottling Slach. 71
. Owens Bottlo Co pf .10014
4 Oklahoma 1 Tod & Ref. 9Js
5 Paclflo ana & Eleo. . 0514
0 Pan-Amor Petrol & T.isa'i
Penn Seaboard Steel. 41
3 Pennsylvania 11 It .. 43B
. . Pero Marquette '594
.. Piercc-Arrow Slotor , 9514
8 Plerce-Arrow Slot pf .10091
. Plereo Oil Corp 22
A Pittsburgh Conl of Pa. 05
1 Pond Creek Coal .. 209o
8 Pressed Steel Car . . . 997a
8 Pullman Co 131
. . Punta Alegro Sugar . 7.194
Punta Alegro Sus rta. 5!a
3 Ray Consol Cop 2V4
8 Railway Steel Spring. 100 "4
4 Reading 82 14
. . Remington Typevv ... 96
0 Rcnubllo Iron & Steel. 100
4 Republic Slot Truck . (.22
3000 8.70 Rdynl Dutch N Y
100.
201
1101)
2900
AA00
8000
100
1100
1300
H001
1000
200
200
490
100
900')
4S0O
2300
300
200
4 700
A00 8
200
700
AOO
2S00
7700
on
701)
101)
200
310
2101)0
200
10500
300
St Louis & San Fran
ft Savage Arms Corp .
. . Saxon Slotors
.. Sinclair Consol Oil .
.. Sinclair Consol Oil its
0 Southern Pacific . . .
20 South P 11 Sugar . .
.. Southern Railway ..
4 Stromberg Carb
4 Studebaker Corp . . .
5 Stutz Slotor
. . Tenn Cop & Chcm .
10 Texas Co
. . Texas & Pacific ....
C Tobacco Products . .
Transcontinental Oil
5 Transue & Wms Steel
Union Oil
104 5b
1")14
13
, A!4
to
iro
. It3'2
,K29a
.14(i4
. 127a
.280
. 64
.10514
, :,h
. ;,!
. 4314
10 Union Pacific 12114
4 Union Pac flu pf .... r14
4 United Alloy Steel ... Al4
50 I'nlted Ditlg 1st pf 53
.. United Retail Stores. 11 4 14
SUS Food Prod Corp. 8814
10 U S Ind Alcohol 101
.. U S Rubber 12394
6 U S Steel 10014
O Utah Copper 81
0 V.i Iron Coal &. Coke, 07 54
. Wabash 20
4 Wesllnghou&o II & SI. 6594
.. Wheeling & Lake L . 10
4 White Slotor 80)4
5 Wilson & Co 87
1 Willys-Overland 3014
.. Worthlngton Pump .1C794
114
0174
11S14
28 94
04'4
2294
15114
103
35
C04
83
35
48
7994
233 y,
10814
4814
80
42
12214
261
4214
6214
12 94
2814
4814
3814
02 4
8014
Kill
1514
1714
4914
131
3194
1814
10014
80
81
n:
73
100'4
9 'a
05
13214
41
4314
S3 14
8014
1(1094
22
03
2!)
9914
130
73 'a
AT-a
2.11)
9 9 la
82 1b
90
9914
0J14
10394
KI'4
12
54
3994
9a
180
irsii
131"
137
1278
2'0
61
10514
67
70
42?a
12114
0814
51
51'4
III
(8
100
12:1
lf-814
S4
054
10
5514
10
7414
b7
3A14
1C794
11 30 Net
IrflBt ChRO,
141 4 1
CIJ4--U
11514 14
29 94 94
CIJ4 14
23 - 13
15114 294
10714 014
35 - 14
7114 294
83-94
3514 14
48
7994- 1b
23394 214
10114 14
52 214
80 1
4314 114
12314 94
263 134
44 314
43 l'4
1294-2814-4814
3S14 4
0294
8G14
100 4-
1514
137 4-3294-1914
1C014 -
80 14 -81
60
73 ,-
10014
9J4-
0A
13214
1
4.114-
2,114 ,
9514 714
1C094- 1114
22 4- '14
05
2994 14
91)14 194
131 114
7394 14
A Fa- 14
2114
10014
8214
90 4
99 14
0214
10354
1914
C3 4--51b
i
A994
94
94
94
14
94
94
414
14
94
14
414
196
14
14
94
WEEK CLOSED WITH STRONG
ADVANCING LOCAL MARKET
Spirited Rebounds in General Asphalt Shares and Electric
Storage Battery U. G. I. Liquidation Checked
The week-end session of the local
slock market opened with n general lin-'
pruvenicnt both In prices anil lu tone.
The trading was uncommonly brisk for
the hiilf-liollday, nnd while the greater
pint of the operations lepresenteel the
familiar evening up of the trading con
tingent. et the nbout-fneo turn in the
tnniket ticnd was signllicnnt in that It
suggested a decided chnugc of temper in
sentiment.
Npci'iultios still coinmniiileel foremost
attention bv reason of sharp lebounds
ft 0111 the depiesslon of the preceding
sessions, The (Jcuernl Asphalt shnicH,
after ltmiilniug dormant .for the most
Iiait of the week, swung Into prominence
ngnin, with a $'2 rise in the common to
1.41, while the prefetred jumped-. fl) to
Hits; trie Storage also tunic hack
strong with 11 rally of ?17.fi0tol47Jl.
Possibly the more encouraging de
velopment of the Inorulng wna tho op
pin cut withdrawal of liquidating pres
sure ngniiiRt l (. I. The market
seemingly was well supported, with
buying orders nrouud 58, the low price
of the week. In nil events, nil the
stock offered nt tliin figure found ready
tnkeis, Interests supposedly close to
the management were even more em
phatic teida.v in their assertions that no
change will be made in the dividend
rate this year.
In a point of activity American Stores
coutiiiued n prominent featnie, secur
ing a further ndvnucc of $1.25 to IWh .
I'hilaclelphia Kleclilc was unchanged.
l.nKe Superior Corporation rallied 75c
to L'.1. Philadelphia Unpld Transit
toitehetl 21) again, but Union Traction
was 11 shade lower.
OUTLOOK IN STEEL
STEADILY IMPROVES
4
14
!i
196
14
"14
10S94- 114
too -30
2A16 4 94
1(314 1
13J54 4- S
HOI4 4- 394
1274
as 11. i. 2
Al'
10514 4- 14
5s 4- n 14
7.1 4- 3
4314 f 14
12114 4- 14
os 14
6444 114
53 4- 1
114
SM
fen 4- H
12334 114
10814 94
84 - 14
0714 t- 4
10
55 14 4- 14
id 94
80 14 4 7 1b
8?
5014 4 94
107 94 - 14
Leading Interests Feel Industry
Stands on Threshhold of
Great Revival
?
I.
CITY OP CAI'K MAY. N. .1.
rilOIM)- Mi I (lit STItl.UT l'AVIMO
Proposals in the form of Denied bids will
ts received by the no ircl of Commissioners
of Cope Slay City. N. J tn regular nesilon.
ft the City lldll nn the 28th city of Octo
ber. 1019. nt II) o'clock n. en., and opened
at ft on thereafter as possible, for the pav
m of several streets with concrete bltu-tnlnc-ua
concrete or like durable material.
Including the adjusting of street structures
to correspond with proposed grade of pav
Jnar, AH in accordance with plans and speci
fications on file in the offlcea of the City
Erflneer and City Clerk
ipe wotk win ronsiai inmniy in me. lay-
There vm a moderate jobbing trciie .,n,l I
lit , 1.1 ),. MCf. In nrl.tu Dlln.i. fmna II. of in
nets smoke,! and air dried .",), beef Unuckles ( 100(1 100
and tenders unoked .end airdtled file, pork. C H W I It R 4
luiiitt, ,,-,: iitima ,- i, lured, loose, .lieu"
211c do sklliricl loose. J71cLMlc do, do. I
smoked JD(a31c, hams, U"lled bonelecs,
4ic. ptenK shoulders, H V icired. loose, I
21e, do. smoked. JJc. Iwlllea in nltkle loos, i
3Uc, br, akfust bacon J7c, lard ,'HK,
REFINED SUGARS
The market was ouiet mid unchanged on
bis-li of He for tine granulated.
DAIRY PRODUCTS '
l'IIRr..SE The market ruled strong under
llkht offerings unci a fur demand t)uot i
lioni Sen York whole milk, lials fane v.
t- fair ii' BOOd ;!!-, Ii.n'ao V iiontln,
Mhol, mill, fanes 11'j StdlVjic fair to guod
h nf HLDrni matelv 13.317 sn i,l nf I '. "X '""""" "" "L '""' ' "" -
j)vlns and 33'JCl sq yds of brick or con- i ""
rrett lutters The Bonrd r, serves thn right
infl "spectneatfons may & Ind from thoCUy l.l K-Ther was lio iradmg and 1h
rVerk on the S?l"oit Tor IT lm which i monw ' """ l rul"'' ",ak u"'rti' rro"' strictly fancy
iiSli b Hfundecl when Plans nnd I eTiflcl I s,l0Pk .w"b h comprised but a small propor-
$& arV."uiM:ngood,on, cia" "j? "'tj; ,Slffili"ni,,J:i.Ufch! 5"d'",U:-
.ucunub i- ni,.lil,u StiSi-ii ,i,i.i,...V .V ... "o..'" .WJ5" ..'
v .--a . p-. .., 4a.3 tv Mmilll,) ..PUaJIFI-a
POULTRY
:;uw) oi?
I 13c i A: Hud cv
fiOOO Sn!s
i;oo'),. . soli
Detroit Cas Co 53
1000 WVi
Krlu Oen Lien
i iooo no
I Hud & Man It V. ! el
I 1000 .'SKi
I 111 Central 514s
j :sooo w.i
I Imi .lap Gov 13 1st
:sooo w.
Inter Agr Corp Ks
1L0) M
Int Met ct 4 Vis
,'1000 27 t.
BUSINESS NOTES
M.iii Ainri-iian biisiiioss inon are
lcpoitt'il to l)o,m Aiistiulm ldinK the
foiinclation for ctonsiVP eomincreunl unci
limine tal lt'latinn- with tlint country
tniputls of (icrm.ui il.M"' are epcttetl
but they mJU not piovo a real moil.fl
inline tn f. TliLie- is n slim tagc of bright
i i -j il... n. niimnAnt 1
lliUioi tftl eoioii., mil no- Bun""""" .
ito -c to it that impoits aio to be if-
viriiiul and to be clistiibuteel throuBliu
iriiti.il bmraii. thus pifveuting a llootl-
uij; ,.l the Ann ni an markets.
A able fmin Consul O'Hara, Trieste,
'states that the newspaper, Ilnforinc t-
itoif IVoiinmie, lepnits that tbc local
"cvcMimieiit lias iiutlioiUeel the eustnms
oiiiicis- to Kiiint licenses for the e-
poiliiliou ot CplllKsllVPf.
Ileeaiiso iii.inufat liners are unable to
liicli- the possible outputs of their le
;,... ....lu tin. knit L'oocls liielufti.v ,
Tenn Kit of hi!, is' .,,,, ,u ulat Iv the timleivvear biaucb, is nt
iT.Tl!Sl),ii,.n ' ' ,a sl.inilstiU as iiitaiils spring lneie-bnn
disc Tew mills luivo men uuir m Bcc
sulliiient help to aeeelfiate thfir ma
c huii iv to a point tb.it will give1 tbein
moi e thnn 00 pfi ent normal output
nrel with roe oid oiclcrs being plneeel the
allotment clistubutioii of garments is
thn only possible nirthod.
Philadelphia Stocks
11 so
:;r.noo . .
lioOOO..
OJOO..
lonto. .
20000 .
oOJIX) .
flOOt) .
1000
..110
. .H)!l
..10!)
. 11(1
..110
..11(1
. Ill)
10s'
Sodthein Itwy 5i
L'OOU yi
Thitcl Avenuo 4
TOO . . -1
Director of the Department of Streeta and
runiir iiiiiuuieiuiciiii;,
Oetober 7 lfllfl
" mcai.ih) PRnrosiis mil, in: nn-1
celved at ch, olfl, ot Hi uniirrlii
I luirge of Coiintrtietlcin, I r.inklorcl Arsenal,
4 I'tilliidetiiliiii cm or b t,o ! p. m, October
iirt, 1010. and then opem 1 I ir the ,nstrue
fcllon of u 4'MJ Ii W I iit I'laiit Ilulldlng
f Plans and ecie, 111 ctiuns niai lit scured
Jfrom the Officer in thai.,.,, i-r ronstru, tlon
A oertltled cheek to ih .unnunc of " pei j
iwnl Ot icie uiti inuuc a, lumpany ene pi o
posals, cheik eu I,,- msd, lo the order of
,, tb Treasurer of eh, I nitecl States Tho
.nucreasful blddei shall furnlhh satisfn, tory
lond In the amount c,r approxltnatelv .,c
rt t"'r tent cl the c ontrnci price
riioi'osAi.s i oit viAruti.si:s. -tjrnoe of
the Quarterm,,ster eleneral nf the Armv
((.'lothlng nnd Kiiulnagi- HHIsloni Munitions
Ilulldlng Washington Ii i' sealed pro-
posalt In duplii il, evil I,,- reicned heie
until 11 a. in,, Oitober IK. loll), rr (ui
MlthlnB ull pr am pare of l-.nono mat
Irreeves Proposal blanks and information
sunt on reiuest
PIUiPOSAI.S I OK 111(1 1)1, INC
roostert, JleecJJ, du, ks. white Pelcln. :efle
d,, Indian Itunmr JTi j'u pigeons old
per nilr JJIt(.33c do louill. per pair.
.nic.iui:
NEW YORK COFFEE MARKET
New Tnirli, Oct. 1S. The nun Let for
collie futuies opincel stead ut iiiUiiiiiih
nf 11 to 111 points. Wall stieet. tinele
and llnltiiuoie speeiilativf interests
bought with the .selling coming- fiom
loiiiinlssluu liniisus.
1000 2Ti
H00O 27
.WX) 27,' i
45000 27,' i
c"000 -. 274
Int I'.ap Tran fil
70(X) .VJ
1000 can
2000 .19.
K C & S It. 3a
1000 (,0'
Union Taclflc n
10000.. . N,i
U K of G II & 1 19
2000 'iTi
UKofOBil'Sl
10 hi c J.1 ,
UKotGDH '37
1000 01,15
1000 . dim
4000.. . cis4
.1000 "Mil j
1000 on).
United It U Un Ct
1000 j(i j
U S Rubber la
701)0 s--
.'1000 . . S')',
U S Steel 5a
1000 ion
Vir Italhoad 5t
tooo s'j4
Wabash 1st
.1000 . .. cMi4
Wili-on Cu cv
.lOnii. , i,-i
1.1001'
,1000
.iooo
07' i
07'
07' J
(ernian manuf.nturers of inadilncry
ate nudeiludcling Aincrieaii lirms in
l'miice to a verv large extent in oiler
ings for business neeording to A. I.
rindlej, eelitoi of the lion Age, vvho
ninvctl in New link jesteulnj. Jr.
rindley said he bad been abroad mak
iii" tin" investigation of business lonell
tions and the piospeets of lebiiildlug
Will tlfst roved iiiilustues. vifiiuuiiy is
i..,i. in tin. niniket and offerings as
low lis one half ot that made bj Aliier-
ieans nave nicu itiui- j ii-i , ,.-.. ...v.,
uiunuf.ietiiieis, be milled. In leeon
sinution piogie-s lielgium is far abend
ot 1'ianee, lie said
Net
High l.o a in oligH
171K) Am Sirs. !l !t aS-Ji. ."IHdl'i
120 Kl Stor..t47:h 147' 147-t-l!)i
KKKien Asp.141 141 144 2
220 do pref,21!l 212 2111 V
74.1 I.k H Cor 2,'l 22i 2H "A
17 I.eb Nnv. US lis OS Vj
110 l'a II It. -iWj 4-Wj MVj l
I I'n Salt. iSO1" Ml'j 80..
200 Phil r.leo 2.-!"s IKHi 2.1..
2.1(1 1 It T to 2!) 2.ST4 28 . "s
;) ru i'iact :ib :is 8 iu
HimI' (1 1... 58 Vi fiS C8 'i
Males in IIONDS 11.10 Net
$l(il)i) High t.ovv a m chge
1 I.lb i.oiiels
1th 4Vis. !.'I04 03.04 03.04..
FINANCIAL BRBEFS !
MONEY-LENDING RATES
rilllADKM'HIA Call, !'' Pf"-
(flit, tune, .IJifcjO ppr (ent; foinmi'r
eial paper, three to six months, fiMtS?
.I1! per cent, and six mouths, 11 per
(ent
Reserve Banks' Discount Rates
Olheial discount raffs at the twelve
redpial Keserve banks were r.n fol
lows? '
(The fii st column given rate for all
iieiimls no to mill includinc a fifteeu-
elny maturity, the second for a, period
of sixteen to ninety das. The third
nncl fourth (olumns give the nites for
discounts of collateral loans secured uy
government bonds or notes.)
Com'l piper
10 to 0(1
1.1 daia dnvs
)
New Ynrli, Oct. 18. The outlook for
the .steel iiidustiy is steadily growing
blighter nnd many of the lending inter
I'sts feel tlint the country stands on the
tliu'Hholtl of a gieat levlval in this line
of nctivit. ,
The Htrike br.s vlitiinllv ceased to be
a factor. The walkout of a month ago
has l esiilted in a niiseinble fizzle as far
ns the unions were concerned und the
lcfusal of the Amciicnn vvilikingmen to
join with the nnnrthistio foreigneis brts
gieatlv seived to strengthen the posi
tion of the eepiscivnlive labor element
The stnke, antl the wa.v in whiih it ie
Mlltul. has served to a large extent to
eoucct n condition which was most
objectionable to the leadeis in the steel
industry, and lias eliminated n factor
whichfor a long while, updated to un
settle the industtlal outlook.
Despite the extravagant e Inims of the
ladical laboi leader, there is evidence
on every hand tlint flie stuke lias been
reduced to the vnnisliing point. Ilanv
of the mills me opetatlng ut the sani"
intio of eapacity as bef.ne the stuke
bc'L-an. while others are iiipltll np-
proaehiiiK norinal. .
There is only one cloud on the lioiwou
as fur as the Htrike situation Is roil
ceined. This is the fear of pgllt leal
muddling which 'ma snnte h the fruits
of vie ten v from the steel companies. The
move to interest Washington in an et
foit to bring about aibitiatioti appears
to be the most e olivine mg indication of
the iiiiliue ot the stiike. Judge (.nry.
..i.-i ,.r the I'n ed Htnte-s Hteel
Co, , ration. I.ks stood dimly against
nnv foim of arbitintion in tin
strike
eH Close Clpen 11 am
September llS't 'IS 1)1 1.1 ')1
lleremliel 1.1 s", llilll) -1(1 Oil
March II SJ '111)1 1.1.1) J
Mav . .. lis-' '111)1 ll'il
July . US.' MB lis Ml US
Hid
C
nn
""Klneerlnir uinte uiu reueral llullcllni; 1VI1
illnirton Del '1 h, time for obeulni; pro
oaaitt ror ureuKina ,,,o i iticei a ,i , rii1
I.ibeity :Pjs ....
I.ibeity 1st Is...
I.ibc'ity 2d Is....
l.ibeitv 1st 4'4n..
I.ibi'itj 2d I Vis..
Libelty :id 4s..
I.ibcitj 4th 4'iH. Ki ChI
Vie Notes 3-),H.. il!) 72
is
HlKh l , ,
100 .1(1 ion .-at
ii." :ii)
!i:i 7s
ii."..
sin.sj
si.". 10
Sjfl (,0
0.1 20
0!7l
01 ,10
Sl't 70
11.1 Sill
in 4,s
!l!l .1(1
I'l 1(1
II
l I
ioo..rii;i
ffirtmtnton Del
li.l. Cm ini
tune rer cibenlin; nrn.
, wj.1 osalct for UreelsztnB tioia I llliei N .1 . n.
V .A.-.. 11. " ... r. ,, ,.. ... .... .. '. .'
fef e-t ' nestrr uner in uriKninni sec icir iicion.r
li i i ' tnaeu in u u, in., in toner i'U. lino.
B.. - t-ruriner jnioriiunioo ,i
iWtsH:.i,
Prices in Sugar Market Unchanged
New Yoilt. Oct. IS l'riies in tho! Vic Notes 4
'Kill sugar market iriniutud urn hanged'
ut ile foi Uuf granulated, less 2 per NOVEMBER MATURITIES SMALL
Coinmerrlal failures this weelt In the
United States, wele 11S5 against ulnety
lKP lust week, eight. -nine in the pie
ceding week and U2 the coiiespouding
week lust veai. railiuea in Cnniic.a
.:.,.- In,, Inut CKI'K.
')". 'to I milliner seven. s'"" "," ,- ,
ilil",! I eleven the preceding week and eleven
j'hli.K) I lust veal.
H-)n As an imliialinn of ivhat others ma
.,,l.i)l
!:..."('
Doston
N'ew Vnrk
Philadelphia .
lllchmond
Cleveland . .
Atlanta . .
eliHak'o
Klnneipolis
St Louis
Kansas City
D-ellas
San Francisco
4
4
f
l'i
IU
t
4Va
4
4
4 V.
4
4
4
4.
44
4t 5
4
n
44 (
Govt paper
10 to 1)0
lil days days
4
4
4
4'i
4
4
1
a t
4
4'i
5 4
DU
4U
4'i
4'i
4vi
4'1
'l
4J4
tl'4
!)!!.. 1(!
'.)!). CO
lo. (he method to be used ny.iue n-ii-
.' ! ri-senlative of a woolen house to meet
1 the high cost of clothing is w-oith
. " .. . . . ... I....I tin, ....
appltc atlon
fi-fr.t
'01
GOVERNMENT BONDS
yanatnit coupon 'Js lvv
i ,Pana,m reiilsterccl Jj llui)
&tiant4ni coupon .'- 11i3s
ian""- Ttu iiticI ' nils
.SiPanonM mupon :u, linn
"l 3ilfttnatnV rewlatt red 3s llltll
,, "l'hlllpplno 4s. 1li.1l
. 1'atllppina 4s, 11)11
iv. I'hlllnnlno 1 I 1 i.H
fl U Oovt coupon S 1H.I0
.1 Qivt reKlster.d .' 11)31)
Ij ITS Oovt coupon 4s. 11)3
k - II tf llnvt reKlseereil 4m 111 1
V . fl)lill uf Columbl e S-I.a 10J1
cr
'
nid
nu
ii'ij,
in) "I
tisii
h'l
S'l
(IJ
IIJ
II J
inn
ion
liiilU
101!',
pj
ut for i ash, and 7.2sc for taws, SK1-
elegrfe eenli ifugals. Itelineis me ku
eriillv withdrawn nntl accepting no new
j business. In spite of icccnt increased
'ac til it on tin' part rf the government
looking towatel the 11)20 situation, the
I market on new nop news h strong at
8c for December clfliveiies f u. b. Sa
vannah. '
Coipornte matiiritic n), nvpmlier.
me cnnipatativeiv smuii iiggrreiitiiiR
S4,1.1!)2,800, agauisi ts.Tlli.DOO in1
.-dim i.iu.-i .inn .-.in,.ii. j,ii tn .Miveni-
Iier, J!). Of the total iter (irilltiB tol,1l11
Dow, Jones iV l. , lailioud
in
01
lid
100 V.
lnctvl
Cottonseed Production Report i plefCn-eel
aBlilnifntl H,.f- 1 )J nhn nTi,,ti I
tiviiig. Seviial listts to local sion-s
convineed him that piiecu were muen
highi'i than he thought he ought to
pav. so ne iceaiieci a inuauj-. ..,
device of a friend This consisted of
i., ..,,,,. i.iv. suit 'turned" nt a total
I . ... ,?r Ii.uj iiniii u milliter of what n
new nilttit would mean. He .."f""'
I .minimi thut inan.v othei men win audio
tin. Kiinie exiieilieiil lather thnn pay
Issues , cci. ..- ..,.,.. lielnc. nsked.
tover?l!),01S,M)0, Indus,, ,a)s S(l,(i74.- U" ''"'" '
000 and piibln utilitus SO, 170,000 No falling off in the demand for
Brill Pays Back Dividends Among the Industii.il i.i. fuin,. ,i0 beads and beaded unifies Is imiitiuee
Tic .1. (i. Ill ill Comnanv has de- wxt month a.e $.1000.000 Ameiican l lh'' ll,l?t.ri'!"r,a'!.lS V,,
elafeda.liir.lterl.vdiM.leiidoflper.ent Tpbacce. 7 per eent , ,,l ,,, ,, , '""hnX- ' Is loth in black and
on the .prefeireil stoeK, imjunio M. Umeiicnn Can Coiiniiiii e1,.1,r ,n.i, ' ' ,1 .7 ' , i,. , sttonelv. and
U per cent notes for ,.'! ,000,000, The the call for bended bugs of nil prices
laiKCst item iitnong the ruilroad matiiri-1 irt keeping up its pievloiis pace. Whole
tics is International and Gut Noi'Ui" " "rP Mn 1,',;,1 puin fcnwb
rn iirsi moiignge tl per cent lionils for i supply vi'innuni im .
FOREIGN EXCHANGE
New Ynrli. Oct. 18. Tho foielgn ex
change niniket opened somewhat iricgu
lar, striling showing weakness, but
ftanes gnluing slightly. Demand ster
ling was euioteel at 4.14 nnd 4.15
for cables Franc cables were 8.00 und
cheeks SOS. while lite cables were
quoted nt lO.lfi and checks nt 10.17.
Other quotations were:
Swiss enbles fi.tll. (hecks fi.lW
guilder cables S1S1-I0, checks 8j
pesetas tables 111.12, checks I'J.O.";
Stocltholin nibles 24.40, (hecks 24,2,"i;
Chtistlania cables 2S5, checks 22.8.";
('oienlingeii cables 21.0.". diecks 21.40;
Ilelgluu enhles 8.0(1, checks a. US ; mums,
nominal, !! 00.
IIIC ,1V1 l,.i r.."t.j ,...u..M, ..,.-
ve inner l io stoci. oi lecotu vjctooer ,
1 .11. 1,1, .M.I nf "V. nfr fftnl" wna nlcn
ml I - Hill,.'.,,. ". i l' -" .,., ..-
declared on the preferred .Mock on nc
1 ennnt of accumulated back dividends.
This clears up all back dividends on the
. i.
r- "A Wanlilnglon, Oct 18 The census1
MUlcuu in i.vjevii. I'sco-ii luciui iiji
-o(tmi)efi'(l nnd, nottons-eecl products,
' itiaisfM the nrodttcllon of llnters fi'imi
" 'ABKiist, 1. 191S), to SrentemW 30, IDJO,
RAILROAD EARNINGS
CAVAPIAN I'ACiriO
into
rtreond vVeek Otftolwr .W.JsJ.JS!!
From Junuary I IJD470.IXIO
Increavn
I30VO0I)
14,qT.ooo
$l 1 ,200,500,
BAR SILVER
( (iinineiclnl bur silver was (piuti'd in
enough for use In making these bags
ut home. Trimming bends of all kinds
and in all colors are much wanted.
The "high" Colors in beads CKpeqinlly
nre being Bought, and nre li sonnt xup
Iioudon today at 03 i an ounce, un-J ply ns'ii result of. the heavy tlemnuel
vimiinvitt.
LIVESTOCK QUOTATIONS
(Minim del 1S HOtlH Estimated le
eplH seilici head, left over 7IIS3 head
Opening Srflea moatly of parklnir houue,
about 'Jlc Ineeer few ciocd hoga sold. aver.
, t veocerday 114 411 ...
I'ATTl.l. Kutlmated receipts. f.OOO head
SH15KP KaMmated receipts, Soon head
IMIUbiirvli, eie- is HOOSj Receipts
8.1(10 heart I.r Heavies and heavy
yorkera, u ain r,n, light lorkera and
plea nniH
hllKBI' AND I.A1I)1S-Keceint SOO head
Stead) Top sheep 110, top lambB, S14.50,
hlaher
(1AI.VKS )terelne CKCI l,.H Hleadcr.
Top, 150
The .New 'oik Stoek I'xihauge has
ailinitteil to list the following: Stutz
Motor Car. Company of America, Inc ,
2,1,(100 shines itipital stock; Autosales
Coipoiation, tempoiuij ceitiheates for
S2,(l,1,'!,000 0 per cent non - cumulative
paitiiipntinK prefeiied stock nnd foi
S4, 02,1, 700 common stock, Columbia
Gr.iphophone .Miiiiufnctuiing Companv
icmpoiuty eertilicates lor !Sl(l,S20,iO()
7 per tent cumulativf piefeiied stock
and for 708,000 shares of common
stock ; United States Kubher Companv ,
S.'Hl.OOO.OOO common stock. i()n and
lifter October S'.l); l'acilic Development
Coipoiation, $(),i).",",4r0 lapltnl stock;
Mtilllns Hod Corporation, teinpoinrv
eeititicates for SI .000,000 S per cent
cumulative picfcncd stock and for
iU.uoo sliaies ot lonimon stotk,
1'iesli strength manifested itself in
the eoiii market this weik after ptices
hud touched the lowest hvel in ncailj
a month. The ptincipal uptiiiii quickl'v
followed a notice that lailronds woulil
classify wheat as piefeieiitiul freight.
With wheat eveiwheie put ahead it
was feared that shipments of com to
pi unary centeis might have to be re
stricted on n big stale. Com prices
this morning liuied fiom the same as
a week ago to 11, c higher. Oats weie
up c to liM(Ji1"le for the week ami
piovisions showed a lise varjing fiom
2,"c to $2.
The average piie-es of tvrn active
industrial stocks ndiamed oil" per
cent .vesterdny to 1120S, while the
twenty railroads iidvunced 0.0S per eent
to 81.0.'
The Ameiican Sinelting nnd Itetining
Company has advaneecl (KS pi Ice (if
lead fiom O'i to 0".,.
Consolidated stateiucnl of I'lilted
fitntes Itubber Coiupaii and s-ulidinrv
companies for the si months ended
.Tumi !t0, 1010, us tiled with the New
York Stock i:chnnge shows suiiilds
after cbaiges and fedeinl taxes of Silt) -cSin.7.10,
enuivnlent aftei pieferud divi
dends to $2S,01 u shine earned on the
SSKI.OOO.OOO coiumon stock. This eoiii
pares with Ss10.2Kl.02." or SL! 04 n
sliare in the totrrspauiling peiiod of
lino.
v . ".. .
It was aiinouncfii tin- morning that
enough stock had been deposited to make
the transaction wheiehv the -A. T. Se
unities Coinpaiiv take- over yu Amer
ican Tobacco Couipaii.v fOee tive. An
proximately .10,000 shines of stock by
Individual holders were deposited ()I1 the
titst day on which the olTer was made
public.
. Net profits after marges and feel
eial taxes of the l'itt-liiii-r1i Sti'il Com
pnny for the vear ended jllm, ;( i!)i().
weie SfS, Kl. nil), eepnvaleiit lifter the
deduction oi 9i.t,i.iiii(i in piefeired divi
dends, to Sf20,0!) a shaie enineil on tlic
s;7 (HIO.OOO ( oinmon slue k, compiii cd
with Sfl.Wp.lKI. or .S.11.1!) a stun,. i
tho preceelmg jear.
During the inontli of Septemher an
aggiegnte of $h,4(IOl(,o was loaned to
Cirnieis of the I II ted St.itou l.v il,A
federal lnd banks, on longtime inort.
gagfs. Tlic Ifdcral Kiiiiel Jtank of
Spokane lends In the ninnunts of loans
closed, the samo being .$1,0,10,7,10, with
the lVilernl I.nud llnuk of -Ht. J'uiil
ruuning ne-jo. i" """'uni, -Tii.ui 1,200.
OCTOBER HIGH SPOT
ON COHON EXCHANGE
Other Months Lower on Larger
Offerings Liverpool Trades
Soth Ways
COTTON Illll.T WKATHini COMIITION'S
Ne ork, Oct 1S Tho folIovvlnK tem
peratures were recorded in the cotton
belt this mcirnlnn Fort Smith, Oklahoma
Cltv and I.lttlo iipclt 411, Shreveport and
VIckiburB. M. Knoxvllle and Chattanooga.
"4, Meridian 5(1, WIlmlnBton, (10, Cnrpui
e'hrlstl, Oalveston, Montgomer and At
lanta. 02, New Orleans and Aucrllnta, 4131
Slfacon, net, Savannah and Thomasvllle.
70. e'hat teuton T2, Tampa nnd Jaekson
vllle 74. There was .US Ihch of prcv
clpitatlcm at Wilmington and Knoxvllle.
nl at Vlrkstiurs- DO at Tampa, Havannah
and Shreveport, IS at Jtacon 20 at
Jacksenvllle. 3S at 1'ensacola and 1.32
at Auffusta.
New York, Oct. 1S. OfTetings were
larger nt the opening of the cotton mar
ket today, and, with the exception of
October, which started higher, tho mar
ket was 10 to 2.1 poiuts lower.
Much of the decline was caused by
selling due to bearish week-end figures,
impioved weather, with little danger
of frost, and a notable diop iu spot
sales thnough the South.
Wall stieet commission houses and
New Orleans interests bought nt the
decline, while brokers having southern
connections weie the chief early sellers.
I.iv ei pool traded both wa.vs.
After the opening the market was ir
legular. selling off 20 points under last
night, followed by 1 allies of about 10
points.
Yes close
.14 233(l
.14 21 iean
3't Hl)di!)"
,u .in Hi, .it
31 J1&2S
.'3,1 05
October
December
Janu iry
March
Mnv . , .
Julv
Did
. Open
.14 2.1
.11. IS
31 7.1
3.1 3.1
31 IU
.12.11.1
11 am,
sV.io
33.88
3J .10
1 iciiin ,i ,...-- , ,
..... ,i. ..,,,,. ivn Inst, the
unci now iiitu si.,, v.. -.
oulv effect of inteiteieni e bv Wnsli
inton would be to redeem to some ex
tent tho loss of piestige of the defeated
inions and their leadeis.
The demand for steel In all form;
continues iiuabatisl. lnciuiru- v)hi.-U
lief that then- is ample business nhi'iid
. i, !,,. mills liniutiig for twelve
months. This ilemand has come; upon
the ml Is at a time when moduction
us cu. tailed by the stiike The icccnt
icpnrts of the larger steel (onipaines,
..).;..). .i.nne, inc tenses in untilleil oi-
IMUiii .. - , ,, . . :,.
dels at the close tit the inii.i . ..u." . -.
icgaidcd as a stnking index ot the course
ot the tide in the imlustrj.
There leinaiiis the Intent demand for
steel from the iiiilroiids. Sooner or
Inter the cniriers must come into the
mtitket for stiel. In well-iiiformed
, uartfrs it is .egarded lis likely that the
lailroads have nothing to gain through
the del.!. While waiting for the car
l'ieis to seek tonnage the mills have
plent of business.
With the demand mounting nnd the
supply limited, the nututiil inference
would be that pi ices would advance.
Theie is little doubt that these condi
tions will insure l'nm siippoit for cuio
tt,.., Imi tin. heads of till- Plllll'ipal
steel companies aie known to be iigninst
itnv ndvunie in pi ices. ,
The speetncle m using puces ico
steel and its pioducts would be
frowned upon by tho (onscivatlve steel
men. The believe that these advances
would serv'e Oulv to further aggravate
tlin present problems of labor unrest
und the living cost. With the outlook
for n huge volume of business, the
opinion prevails that the steel compa
nies aie lcnsonnbly reitnln of good
earnings Jn 11120.
Some appiehension has been caused
by tlie tlneatened strike of the soft
coal miners which has been set for
November 1. The piocliietlon of coal
is essential to the steel industry and
no effoit has been made to minimize
the cmbanassment ticeiuing to the tecl
plants weie the fuel supply cut off.
Notwithstanding this, there appealed
no general eonceiii in impoitant qutir
leis. and for the time being ut least
the steel men seem willing to pin their
hopes upon Washington to prevent the
walkout of the inineis.
Federal Reserve Bank Statement
The condition of the Federal Keserve
Itnnk ot Philadelphia for the week ended
jcsti'iday" computes with the previous
week as follows:
KUbOtlRCES
October 17 October 10
Cir.lil coin and cer
licit ilea in vault
Oold scttlment fund
Cold with foreUnt
agencies
Total eold lwlcl l
hank . . .
Gold w Ith l'ederul
Reserve accent
Oold redemption
fund Pederal Ite-
Berve notes
tl.nis.uei
31,345, Ml
Jl, 123.03.1 .
Sri13,4r,3 8,118,029
$44,0)7 10,1
78,704 7S0
lo.onn.rrii
J14. 300,241
79, 100, SMI
S,3Sr,44D
,1
T.., I tr n 1
nerve. . )o.i, t is. -too i,u,nj.,u
l,es-al tender notes,. .,,
Pllier, etc. 23B.443 ii05,8.1T
Total reserve . 113.1,1)7,S73 1132,118,3S3
Hills discounted -
ilembera (secured
bv government war , , t-- m
obligations) .. . $181, r,07,4Ol $182.(137,71)5
Hills discounted
Members (atl oth- .... . ... ...
v?rs) ... . 25,001 314 21.118,475
11111b bought In open
market 018,291 045,170
Total bills
hand
IT H. Gov't bonds
I fl. Victory notes
It H certificates of
indebtedness .
Total U S secur
ities .
5207.187,009 $204,101,401
$1,3S4,000
$1,384,900
100
20.182.500 28,7921l)0
$30,507,400 $80.177100
Total earning as.
reta . . $J37,"
Hank premises
Uncollected Items
'.MOO $234,'278,901
$500 000 t $500,000
$1(I(I,8J1,,101 $72,829,7S0
Deductions from
gross deposits . $100,821,503 $72,829,780
Due from Treasurer
U 9 5 redemp
tion fund Federal
Jteserve bank notes $1,410 000 $1,400,000
All other resources 1,370,718 498,757
Total reiources.. $47,1,834,501 $441,025,811)
for them.
Knoxvllle Trolleys Tied Up
Knoxillla, Tenn., Oct. 18, -This
city today was without stieet car serv
ice as the result of the strike nf em
ployvs of the Knoxvillo Street Kail)
way and Wijht Company, The (hen
demand art increwn; of approximately
iiriiiij,-iiie pentf; an noli:
I.IAUII.ITIIIS
Capital paid in $7,77!t,Tl(
Surplus v 5.311,831
QovernmenC deposits 10,251,074
Due to members
Reserve account .. 104,540,397
Deferred availability
nuns , H1.02S, WIS
All other deposits,
Including foreign
government credits 0,87.1,402
$7,708,450
5,811,333
T. .150, 10(1
10-M47.2R5
83,437,870
0,773.073
II. 1'. Hathman it Co will move Into
ii,ir opw building at 142.". win,ii
street on January I. The building nt
llil" llieHinue, biicch, now occupied by
H. V. Haclnnan & Co. .will he iiscel by
the nitt?nbouij Trust Company, which
1. - fit'4 1AffS IliiVfm ...111.1 .11
liny E&KPIl p-i ivmow
STATE OF TRADE
The wceklv trade reports inclieate thut
the1 geneinl business situation has been
less ndversel.v affected bv the vvide
spicud laboi urn est and the other un
favorable factors than might have been
expecteel, und in some lines there bus
been positive improvement during tho
last week, vvitli piomise of futther im-
piovcinent unless new and far-reaching
stiikes occur. In commenting on the
situation Iiradstieet's says, in part;
"Trade and imlustii.il icports nie
inthrr more favorable. Cooler weather,
the advatuo of the season, insistent
calls for nieiihaudise to till pievious
oulers, fiecr buing by jobbers for next
year, the guiilunl ellsatipi'iirance ot tlie
steel stiike ns a retarding element, the
calling off of tlie longshoremen's strike
nud the lesiiiuptinii of expoit opera
tions are ainong the elements favoring
wider trade distribution Less is heard
of price reductions, and. indeed, some
piimnry lines, such r.s iron and steel,
cottons' and silks, nevte deiuuiid im
pi ov eel, vvitli prices strong or higher.
Ofvi'ourte, the situation is not without
its Haws, chief of these being the e'oii
tiiiued nusettlement cf labor, the Ineffi
ciency icsultiug in inadequate produc
tion in, rcoics of lines, and lust, but
not least, the threat of a tie-up of bitu
minous coal production b.v a strike set
for November 1. The stock market has
had to cope with higher rates for money,
8 to 15 per eent op call r.ud 7 to 8 per
cent on time, this week, and is active
but very Irieguhir, while the pressure
of cotton, giain, and miscellaneous ex
port bills is reflected iu weak and lower
exclionge rules, v icuriuKS lice snaneij
lw.lmv last week, due to the holiday.
but heavily In excess of Inst )enr, with
outside cities showing least reactiou
Horn recent totals, Failures no. not
Total gross depos
it" $213,001.400 $181,017,489
Fed Reserve notes
In actual , clrcula-
pi)" I,' ' , ', 2t8.270,780 $210,087,000
Fed Reserve bank
note in actual elr-
Jll other liabilities. 2,010,210 2 .106 i '
All oilier liabilities. 2.401.210 U'IsoiMJ
Total liabilities .$47,1,854,505 $441,(l2.l7sTl7
Memorandum Con,
'tlnsent lltfbllltv n
Indorser on bills re
discounted with or
1 acceptances sold to
inner reuerai Re
serve banks
v
$19,410,000 $0,850,000
LOW BIDS ON CITY JOBS
Two Bridges to De Constructed.
Awards Held Up
Two cit,v bridges are to be constructed
as the result of comparatively low com
petitive bidding by municipal contrac
tors, One is on tlie line of Oxfoid
street jvvrr the Connecting Hallway, and
the other is on Morris street, over the
Chestnut Hill brant h of the 1'ennsjl.
vanin liallrond.
The low bidder for the lirst brldgp N
M, &. J. II. Mi-Hugh nt $78,501), nnd
tlie low fstimnte for t)ie second bridge
bus been submitted by the R. 0. Tish
Company, -Th? hitter estimate M
18,000,
Director Datesman, of tho Depart
ment of Public Works, has on file pro
posnls for a number of main sewers and
sections of fifty branch sewers. The
Itynn Construction Company's figure of
$2:i.ri,000 Is low for the Interceptlns
sower section along Trankford creek.
Anofhcr big sewer awaiting contract;
aware is -the Higler street sewer in
South rhlladelphln. Kmilo Tasyuzzl la
me- low oiueier lor mis woru at aiW,
with option seem, to prow perceptibly flwl C9ee- log hed up pending a ronrt.ru
vttops' nre ktter than n rfcmt wi,"i.Uit;JBl tyf OieJcUy' onjjbr;
41
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