10
SHIP SINKING
! SHADES PRICES
Possible International Compli
cations Causes Selling; Beth
hem Steel Heavy
New York, Oct. 30. —Prices shaded
hi the first hour on selling caused by
VHvices of another submarine incident
Ip British waters involving possible in
ternational complications. Motors ex
tended the initial losses and Industrial
ijlcohol was heavy, with Bethlehem
Steel common and preferred, those is
sues yielding 5 to 6 points.
The movement was not especially
pffretive elsewhere, however, metals.
Including zinc stocks, showing pro
nounced strength. Chino made a new
high at 63% rtnd Atlantic. Gulf and
West Indies also exceeded all previous
records at 107%. A more general re
pction occurred at midday. Bonds
were irregular on further offering of
Internationals.
NKW YORK STOCKS
_ Chandler Bros. & Co., members New
York and Philadelphia Stock Ex
changes, 3 North Market Square, Har
risburg; 1338 Chestnut street. Phila
delphia; 34 Pine street/New York,
furnish the following quotations:
New York. Oct. 30.
Open. Clos.
Allls-Chalmers 25 25
American Beet Sugar .. 102% 102%
American Can 63 62
American C & F 68 67%
American Cotton Oil ... 55% 56%
.American Ice Securities . 28 28
American Ix>comotive .. 83% 82
American Smelting .... 111% 111%
American Sugar 122% 120
American T & T 133% 133
Anaconda 96 94%
Atchison 107% 107%
Baldwin Locomotive ... 83% 83%
Baltimore & Ohio SS 88
Bethlehem Steel $45 645
Butte Copper 64% 66
California Petroleum ... 23% 23%
Canadian Pacific 174174%
ID AY
MORE
Subscription books to Bisbee Copper Mining and Development
Company, at 75c, per share net, close Tuesday, Oct. 31, 1916. We
reserve the right, in that interim, of apportioning a smaller amount
of stock than subscribed for.
On November 1, 1916. the stock will be actively traded in on
the New York Curb. Higher prices are assured on account of the
low capitalization of the Company (1,000,000 shares, par value $1:
600,000 shares reserved for treasury purposes) and its unexcelled
location. Copper stocks, lacking in" many of the essential features
necessary for success, are selling in the open market on a valuation
of from $3,000,000 to $12,000,000. We draw attention to the fact
that at $5 per share, Bisbee Copper Mining and Development Com
pany will be selling at only a nominal valuation, when it is
considered that the Company has no debts and has practieallv all its
assets intact in the treasury.
So sure are the original owners of the property that it will
develop into a rich copper mine and pay enormous dividends that
they have put their stock in escrow for neirly two years. Thore is
absolutely no way they can profit by their ownership of Bisbee
Copper Mining and Development Company stock, except by making
it a dividend-paying mine.
Development has already shown the property to be highly
mineralized. Surface showings, through open cuts, excel jmy similar
development in the Bisbee District. Churn drilling Has already
opened up an ore-body on the 185-foot level assaving approximately
2% copper, which continues for 40 feet, and which was also located
in a second hole, sixty feet to the north. Churn drilling has alwavs
been considered the best means of locating copper ore-bodies in tfae
Bisbee District.
BISBEE COPPER
Mining and Development Co.
\ LOCKKMT \oeV/*tv\
Gt*MAict\ vurcjn \| >
ii 1 ativu.i |
\ wL„\ , al ty
\ V-y-'L V rfl n 6^
\ 11-I
yy /
ts .Coff" n I
fArito/igj n c/'tf t
Paralleling for over 4,000 feet the famous Copper Queen Mine.
(Phelps, Dodge & Company.)
POINTS TO REMEMBER
Remember —Bisbee Copper Mining and Development Companv
K>dce & Co. ° Ver 4 fe6t the famoUß C °Pr ior Queen—Phelps,
Remember —The Copper Queen has paid $77,757,500 in dividends
?aVft 6 el Bh 9 uld Py least $3,000,000 more in dividends in
1916 than its previous best year, 1915, when $7,000,000 was paid.
Remember The Bisbee District has produced 2,098 487 143
pounds of copper and paid $110,843,354 in dividends since 1880
c .ycX*„° I swL ha ior e ' Q °"°
1 o ft -, Re J nem^ er ~; C ;, , "l n ? t *, Arizona started dividend payments in
1903, Superior & Pittsburgh (now merged into Calumet ii Arizona)
Arizona Shattuck Arizona in 1910; Wolverine
Remember— Only recentlv the Denn Arizona, which adioins the
defelop^TJ r o"bidy. and Ceve,opmfent Coni " a °y to the southeast,
pan.v at 75c represents only a° valuation'of $300,000* o'n M 0
shares issued; onlv $/50,000 on the whole property of 273U ic'rVi
known lZed 4 ° tbe m ° Bt important undeveloped copper territory
Remember —Subscription books close October 31 1916 and *
tive trading on the New York Curb starts November 1, 1916.
Remember—To road your copy of Bisbee—Past— Present—Fu-
ture. Jf you did not receive a copy, write for one at once.
Remember— We urged you to buy Bisbee Copper Minim? and
Development Company. * * u
HOUIAKD A RILEYIFT
LAND TITLE BUILDING, PHILADELPHIA
Telephone*—Spruce 4410, Rare ISO
nf.wyork reading
HARKISRI RO ALLKNTOIt'N
m Direct private wlrea eonnecUne all offlcea with principal market!.
f
MONDAY EVENING, BARRteßtftftG TELEGRAPH OCTOBER 30, 1916. "
Central leather 37% 95
Chesapeake and Ohio . . 09 68%
Chicago, MU and St Paul 94% 95
Chicago. R I and Pacific 62% 61%
Chlno Con Copper 62% 61%
Colorado Euel and Iron. 53% 53
Oonsoliadted Gas 139% 139%
Corn Products 18% 18
Crucible Steel 87% 87%
Crucible Steel pfd 122 122
Distilling Securities .... 46 45
Erie 39% 39
Erie Ist pfd 53% 53%
General Electric Co . . . . 181% 181%
Goodrich B P 72% 72 Vi
Great Northern pfd .... 118% 118%
Great Northern Ore subs 43% 4 3
inspiration Copper .... 08% 66%
Interboro-Metropolitan. . 18% 19%
Kennecott Copper 55% 54%
Kansas City Southern.. 28®i 27%
Lackawanna Steel 89% 88%
Lehigh Valley 83% 84
Maxwell Motors 85% 85%
Merc Mar ctfs 40% 39%
Merc Mar ctfs pfd 115 113%
Mex Petroleum 109 % 108%
Miami Copper 40 40%
Midvalc Steel 68% 68%
[National Lead 69 69%
New York Central .... 108 108
NY N H and II 60% 60%
N Y O and W 29 29
Nor and West 143 142%
North Pacific 111% 112
Pacific Mail 25 26
Penna Railroad 58% 58%
Pressed Steel Car 72% 71%
Railway Steel Spg .... 53% 53
Ry Con Copper 26% 26%
Reading 108% 107%
Republic Iron and Steel. 78% 77%
Southern Pacific 100% 100%
Southern Ry 28% 28%
Southern Ry pfd 67% 68
Studebaker 130% 129%
Tennessee Copper 22% 22%
Texas Oil 226% 225
Third Ave ; 54 " 54%
Union Pacific 150% 150%
U S I Alcohol 145% 140%
I* S Rubber 60 59%
U S Steel ' 119 117%
U S Steel pfd 121% 121%
Utah Copper 107 105%
Virginia-Carolina Chem. 45% 46%
West Union Telegraph.. 102% 102
Westinghouse Mfg 64% 63%
Willys-Overland 44 43
Pirn.' nm.PHiA fßoorrn
Philadelphia. Oct. 30. Wheat
Market lugfher; No. 2. red, spot and
October, 11.86$ 1.89; No. 2, Southern,
red. f1.82&1.85.
Corn Flrin and higher; No. 2,
yellow, local, $1.17®1.18; steamer, No.
2. yellow, local. $1.16®1.17.
— The market is steady: No. 2
white, 604 o'Slc; No. 3, white, 59®
59 He. w
Bran—The market is firm and higher;
thy unlit*. wmifi. i*ei ton 4-o.wv
rrn
per ton, 132.50@33.00; Spring, per ton,
931.00(631.50.
Refined Sugars Market firm;
powdered. 7.60®7.70c; fine granulated,
7.50®7.60c; confectioners' A, 7.40@7.60c.
Butter The market is steady;
western, creamery, extras, 36@37c;
nearby prints, fancy. 39c.
Eggs The market Is steady;
Pennsylvania and other nearby flrata.
free cases, SIO.BO per case; do., current
receipts, free cases. $10.50 per case;
western, txtra. firsts, free cases, SIO.BO
per case; do., firsts, free cases, $10.60
per case
Live Poultry The market is dull:
fowls, 16(g 17c; roostefs, 13© 14c; Spring
chickens. 14®17c; broilers. 16®18C;
ducks. 15®18c; geese, 15@17c; turkeys.
Dressed Poultry—Dull; fowls, fancy,
23% 0 24c; do., good to choice, 22®23c;
do., small sizes, 18®20e; old roost
ers.! 6V4c: roasting chickens, western,22
W-4c; broiling chickens, western, 200)
-4c; do., nearby. 26®32c; Spring dUcks.
nearby, 22023 c.
Potatoes —. The market is firm;
Pennsylvania, per bushel. $1.500 1.60:
£ew York, per bushel. $1,500)1.60;
t-astern Shore, No. 1, per Dar
rel, $2.500 2.75: do.. No. 2, per
barrel. $1.25® 1.B0; Norfolk. No. 1,
per barrel. $2/50® 2.75;; do„ No. 2 re.
85C®$I.OO: 2R ® : Jersey ' Per ba1,k,,l
Flour Market dull, hut firm;
I
United Kingdom of Great
5'A% SECURED LOAN GOLD NOTES
Dated ISoiember 1, 1916 Interest payable May 1 and November 1
$150,000,000 Three-Year Notes due November 1, 1919
$150,000,000 Five-Year Notes due November 1, 1921
DIRECT OBLIGATIONS OF THE GOVERNMENT
Principal and interest payable in United States gold coin, at the office of J. P. Morgan & Co., or, at the option of the holder,
in London in sterling at the fixed rate of $4.86 1 /o to the pound
Principal and interest payable without deduction for any British taxes, present or future
Coupon Notes of SI,OOO, $5,000 and SIO,OOO
Redeemable at the option of the Government, in in part, on thirty (30) days' notice, as follows:
v. Three-Year Notes Five-Year Notes
horn November 1, 1916 to October 31, 1917 inclusive 103 and interest 105 and interest
1, 1917 31, 1918 " 102 and interest 104 and interest
1, 1918 31, 1919 " 101 and interest 103 and interest
1, 1919 31, 1920 " 102 and interest
1,1920 31,1921 " 101 and interest
tire 3^r^,.^ C k re( T P led £ c with Guaranty lrust Company of New York, under a pledge agreement executed by the Government, of securi
•' .?• - v • : or l?an & to., of an aggregate value of not less than $360,000,000, calculated on the basis of then prevailing market
p sterling securities being valuqd in dollars at the prevailing rate of exchange, viz.:
(.roup I. Stocks bonds and / or other securities of American corporations (including the Canadian Pacific
a> . ?"? pa " y * ?"*' bonds and /or other obligations (either as maker or guarantor) of the Gov
,of thc Dominion of Canada, the Colony of Newfoundland,valid /or provinces or the Dominion
of Canada, and / or Canadian municipalities: Aggregate value not less than $180,000,000 1
(Of the foregoing there will be somewhat over 5i 00,000.000 in aggregate value or securities of
corporations of thc United States and of the Canadian Pacific Railway Company.)
Uroiip 11. Bonds and /or other obligations (either as maker or guarantor) or of any or all of the several
following Government, to wit: Commonwealth of Australia. Union of South Africa, New Zealand,
Argentina, t hilt', Cuba, Japan. li-gypt, and India, an:l / or approximately $25,000,000 value in bonds
or other obligations of dividend-paying British railway cotupanies: Aggregate value not less than $180,000,000
Total $360,000,000
rending thc arrival and deposit of definite securities as above, the government is to deposit temporarily with the Trust
Company either approved New York Stock Exchange collateral or cash;
It thc pledged securities depreciate in value, thc Government is to deposit additional securities to maintain the 20 per
cent, margin.
t
1 lie Go\ernment is to -eservc the right from time to time to sell fori cash any of the pledged securities, the proceeds
of sale to be applied to the retirement of notes by purchase or by redemption by lot.
T pon thc retirement of the three-year notes, a proportionate amount of the collateral may be withdrawn approximately
ratably from each class.
\
1 he Government also from time to time may make substitutions of securities, but such substitutions are not to vary
thc then relative amounts in value of the groups. All substitutiogs, withdrawals and valuations of securities arc to be
approved by J. P. Morgan & Co. >
, 1 his offering is made subject to the approval by our Counsel of necessary formalities.
WE OFFER THE ABOVE NOTES FOR SUBSCRIPTION AS FOLLOWS:
Ihe Three-Year Notes at 99*4 and interest, yielding over 5.75 per cent.
The Five-\ear Notes at 98^/2 and interest, yielding about 5.85 per cent.
Subscription books will be opened at the office of J. P. Morgan & Co., at 10 Mock, A. M., October 31, 1916, and will be
closed at 10 o clock, A. M., November 8, 1916, or earli&c, in their discretion
— • \
THE RIGHT IS RESERVED TO REJECT ANY AND ALL APPLICATIONS, AND ALSO, IN ANY EVENT, TO AWARD A
SMALLER AMOUNT THAN APPLIED FOIR.
AMOUNTS DUE ON ALLOTMENTS WILL BE PAYABLE AT THE OFFICE OF jt P. MORGAN & CO., IN NEW YORK FUNDS
TO THEIR ORDER, AND THE DATE OF PAYMENT WILL BE GIVEN UN T THE NOTICES OF ALLOTMENT.
Temporary certificates will be delivered pending the engraving olf the definite notes.
J. P. MORGAN & CO.
FIRST NATIONAL NATIONAL CITY COMPANY
New York City
HARRIS, FORBES & CO.
BROWN BROTHERS & CO. WM. A. READ & CO.
J. & W. SELIGMAN & CO.
KIDDER, PEABODY & CO. LEE, HIGGINSON & CO.
LAZARDFRERES \
KISSEL, KINNICUTT& CO. . i WHITE, WELD & CO.
GUARANTY TRUST COMPANY of New York I
BANKERS TRUST COMPANY FA\RMERS LOAN & TRUST COMPANY
'ew * ork Cl'y j New York City
CENTRAL TRUST COMPANY OF ILLINOIS UNION TRUST COMPANY
Chicago I
CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK, Chicago
MARINE NATIONAL BANK FIRST 1 OLD DETROIT NATIONAL BANK
Buffalo __ . „
Detroit ,
New York, October 30, 1916.
winter, clear, $6.0005.50; do., straights,
$5.50rm8.75; do., patents, $5.500)8.75;
Spring, firsts clear. $8.75®9.25; do.,
patents, $9.50® 10.00; do., favorite
brands, $10.40® 10.90.
Hay The market is firm with a
good demand; new timothy. No. 1,
large bales, slß.oo® 18.50; No. 1. small
bales, f17.60@18.n0; No. 2. $16.00®
16.50; No. 3. $14.00® 15.00; sample,
110.00® 14.00.
Light, mixed, $1.60®17.00; No. L
$15.00® 15.50; No. 2, $13.50® 14.60.
CHICAGO CATTJ.E
Chicago. 111., Oct. 30. Cattle Re
ceipts, 28,000; easy. Native beef cat
tle,, $6.60® 11.55; western steers, $6.15®
9.50; stockers and feeders. $4.65®7.80;
cows and heifers, $13.35(50.50; calves.
$7.00011.00.
Sheep Receipts, 30.000; steady.
Wethers, $7.25©5.50; lambs, SS.SO@
11.10,
Hogs Receipts. 59,000: slow, 10c to
loc under Saturday's average. Bulk of
sales. $9.60® 10.00; light. $9.35@10.05;
mixed, $9.50010.20; heavy, $9.50010.20;
rough, $9.5009.65; pigs, $7.25@9.20.
CHICAGO HOARD OF" TRADE
Chicago, 111., Oct. 30.—Board of Trade
closing:
Wheat—December. 1.90:% May. 1.85%.
Corn—December, 87: May, 88V.
Oats—December. 54%: May. 58%.
Pork—Derember, 26.15; January, 26.00.
Lard—December. 16.45; January. 15.45.
Ribs—October, 14.50; January, 13.85.
TO DISMANTLE PLANT
The A. S. Kreider shoe factory at Pal
myra will be dismantled on January 1
and the machinery and employes trans
ferred to the company's new Lebanon
plant. Those of the 150 employes who
djecline to go there to "work will bi
employed by the Qipe Shoe Manufactur
lng Company at Palmyra.
""""""" -• i
I will
Specialize on and after
November 1,
in
Bisbee Copper Mining
and
Development Company
stock
when it will be publicly
traded in on the
New York Curb
Bertram S. Strockbine
Member New York Curb Association.
30 Broad Street
New York
Phone, Broad 6DB
ORDERS executed in
Bisbee Copper Mining
and Development
Company
(On and After November Ist)
BOWLEY & CO.
14 Broad St. New York
l'bonea, 432U-:i Broad
Member N. Y. Curb Market
Aanoclatlon
*
▼ ▼▼▼▼▼ W~t~ T
► L. F. Neefe
► AGENCY
►
► Insurance and Bonds
►
► have removed their offices from
k Building, 317 Chestnut Street.
BISBEE
COPPER
Bought and Sold
(On and after November Ist}
Starbuck, Van Sant & Legg
25 Broad Street
New York
l>honc—2o3O Broad
Member New York Curb Market
Association.
BISBEE COPPER
Mining and
Development Company
Trndrd In on New York Curb
(On and After November Ist)
M. J. KIERNAN, Jr.
43 Drond St. New York
Phone—3lßs Drond
Member New York Curb Market
Association