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New York NY Times 1916 Aug 16-31 Grayscale _153_

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New York NY Times 1916 Aug 16-31 Grayscale _153_ Powered By Docstoc
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        9S



                                                                                                THE FINANCIAL                                                                                                                                                                                                                                                                                                                                                                  mom MARKETS                                ."irv-            '
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 '•'j~t'        I'




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Lilted

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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   k     Uibldl
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ludhre

        WHEAT mmm
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   ft


                                                                                                                                           marketsi
                                                                                                                                                                                             NEW YORK STOCK EXCHANGE                                                                                                                                                                                              MARKET AVERAQE8.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 BONDS ON STOCK EXCHANGE
                                                                                                                                                                                                                                                       [SATURDAY. AUG.                                      19. 1916.                                               Sj^nn.                                                                                                                                                                                                 SATURDAY, AUG.                                                      19, 191«,                                        Par Value.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Bonds               .

                                                                                                                                                                                                                                                                                                                                                                                                                                        iTOCKt.                                                              Total sales                                                                                                 ••«*e«e*ee*e*ee««a .. 11,768,000                                                                                               L3>er«J         Ibcobm
                                                                                                                                                                                                                                                                                                                                                                                                                            naffansAT t luMtm
           Shortage of                                                                Prices Recede Moderately                                                 —      Big
                                                                                                                                                                                             Same day last year                                                                                                            ^               642,806                                                                                                                                                           Same day last year
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Same day two years ago
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   ^.                    *•••••••*«•«#•*•«• .. 1,669,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Reatfjr        Markd
                                                                                                                                                                                             Same day two yean ago                                                                                                         .......s<s.Ex."cIo8ed.                                                                                                                                                                                                                                                                        •••••••••••••••••s ,.Bx. dosed.
        Available Supplies                                                                                                                                                                   Year to dftte                                                                                                                            .101,146,688                                                     •8     nllNM*.....$^ 1^' TM0                                        -M                                Year to date                                                                                                »«««a»pea«*e*«e**** .666,793,460                                 ,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Aa^le          Secarily-.
                                                                                            Increase in Surplus Precedes                                                                     Sttme period last year.                                                                                                                                       90,9S80t716                                M.      itAOk*                        ifis M.»$          17.11       -.O*                              San»                       period last year                                                                 • • •     •'•         e*«*k*ei4|t*e4                             ,   .608,047,200
                                         as a                                                                                                                                                Same period in 1914                                                                                                                                           41,980,168                                       DAILY RAKan or rUTTX IVQCXa.                                                                     Same                       period in 1914                                                                                                                                        .426,061,100
                                                                                                Offering of British Loan.                                                                                                                                                                                                                                                                                                                                                  Met
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ,



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Let   a   tend jwa          m   ons^MH
                     New                     Factor                                                                                                                               r- Cleslug.
                                                                                                                                                                                   Bid.   Ask.  I
                                                                                                                                                                                                                     Sal**.                                                                               rirst.            RIgh.                  L*w.         l*Mt.
                                                                                                                                                                                                                                                                                                                                                                                      Net
                                                                                                                                                                                                                                                                                                                                                                                                      Atig.
                                                                                                                                                                                                                                                                                                                                                                                                             J,     ».
                                                                                                                                                                                                                                                                                                                                                                                                                    l|...
                                                                                                                                                                                                                                                                                                                                                                                                                                         n|rti.
                                                                                                                                                                                                                                                                                                                                                                                                                                               MM
                                                                                                                                                                                                                                                                                                                                                                                                                                            itas
                                                                                                                                                                                                                                                                                                                                                                                                                                                    i«w.
                                                                                                                                                                                                                                                                                                                                                                                                                                            «T.«0^ 16.03
                                                                                                                                                                                                                                                                                                                                                                                                                                                               UMt Obg»
                                                                                                                                                                                                                                                                                                                                                                                                                                                               KM -.<.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                               n.» —.OS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             AmF*r£*otemBs
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         •,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Aaglo-Fteoch 6a
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           08
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                B RT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     2,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Bkl Un Ea 1st 6s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                6s,      1818
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 ctts of dep
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               oo.eoo.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 s f 6s,   1             w
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         .108%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Pad
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Penn
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               6.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ft    HI s f 4%s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         R R        gen
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            asK                          of any teairitin im

                                                                                                                                                                                                                                                                                                                                                                                                                                          «.•» MM KM
                                                                             "50"
                                                         Prices receded under proflt-taklns and                                                                                                                                                     Alaska Oold Mine*...                                                                                                                              Aug.                                KM              "        -.Oi                              11,000..                                                      LOOO     ^,..101                                              u,ooo..                                                       4%s, temp ct*                                      mhkh yoa may               be itItrmtU.
        Sendjor Our Special                                 Letter                                                                                                                                                                                                                                                                                                                                       r.         If
                                                                                                                                                                                                                                                                                                                                                                                                                    IT
                                                                                                                                                                                                                                                                                                                                                                                                                                         ir.TS M-OT ir.M
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Tm Mar gtd 4s Ml%
                                                                                                                                                                                                                                                    Allis-Chaluers Mfg..                                                                                                                              Ang.          U..                                            f.SS                      •        2,500                                                           2,000                                100%                                                                       7,000
                                                       precautionary selllnK yesterday but not                                                                                                                                                                                                                                                                                                        Aug.                                          KbO        {t.ll
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   4..a4                                600..                                              96% BUsh Term BUgs
                                                       much ground was lost, and the move-                                                                                                                                                          Am. Agrloul. Chem..                                                                                                                               Aug.
                                                                                                                                                                                                                                                                                                                                                                                                                    10                      •7.40
                                                                                                                                                                                                                                                                                                                                                                                                                                                               MSr + Xs                               8,000....
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  8,Mo'.!!!.'!!... 97'
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 10,000            07<                                2,000                                 20%
                                                                                                                                                                                                                                                    Am. Beet Sugar                                                                                                                                                  14..                    S«.8S (6,48                                                                                                                gtd Ss
            Renskort Lyon                              ment was taken aa a matter of course
                                                       at the close of a week which had
                                                                                                                                                                                                                                                    Am; Beet Sugar p(..
                                                                                                                                                                                                                                                    Am.        Can                                                                                                                     T.H
                                                                                                                                                                                                                                                                                                                                                                                                       MONXBX.T RANOB Of
                                                                                                                                                                                                                                                                                                                                                                                                      Aogusl. -High.-. -Lew.»
                                                                                                                                                                                                                                                                                                                                                                                                                              STOCXa.
                                                                                                                                                                                                                                                                                                                                                                                                                                 Ust.
                                                                                                                                                                                                                                                                                                                                                                                                                                                     Wtm                                                  BOO
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 787,000...,.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Argentine Gov 6b
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      1,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Chi Oas             ft    El 6s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               8TH
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               _
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Kan City Term 4*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 10,000             STK
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     P, C.               C A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               gU 4%*, Ser
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   St   L
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Markoe, Morgan
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Lack      Steel g*, iste                                            tOOO.?;                     101%
                                                                                                                                                                                                                                                                                                                                                                                                      »mrz MMZat. ir n.4B Arm.
                     & Company                         brought some pretty large advances.
                                                       That ctroumatan.oe alona would have
                                                                                                                                                                                                                                                    Am.
                                                                                                                                                                                                                                                    Am.
                                                                                                                                                                                                                                                    Am.
                                                                                                                                                                                                                                                               Can pf
                                                                                                                                                                                                                                                               Car ft Fdry....
                                                                                                                                                                                                                                                               Cotton Oil
                                                                                                                                                                                                                                                                                                                                                                                                       lOU
                                                                                                                                                                                                                                                                                                                                                                                                       1014
                                                                                                                                                                                                                                                                                                                                                                                                                7S.7t Aug. IT T8.lt Aag.
                                                                                                                                                                                                                                                                                                                                                                                                                Ixoliaag* oleted.
                                                                                                                                                                                                                                                                                                                                                                                                                                          TT.B4                    M
                                                                                                                                                                                                                                                                                                                                                                                                                                                                       » m.it                  1,000.,...,.... 98
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Dom of Cko temp
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                geld 6s, 1826
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                C
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      B,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     of Oa
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      1.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Ry eon              Bs
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           100%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               $a%                8,000....
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Laoi Oas
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  List
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    08%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      L
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     8*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             of st
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     FubServCatB*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               X.000                        03%                     &        Company
                                                       been regarded at lufMctent to account                                                                                                                                                        Am.        H. A Leath. pf..                                                                                                                        1*U
                                                                                                                                                                                                                                                                                                                                                                                                      ma        T1.«S Aug.    6l;n At«. t      U                           TLU                 4.000.... .....                                    *»%           Cent Leather 6s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           iec%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     *
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  1,000                              ,.ioa
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     8t
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            w1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               L     ft      8 F» iao                   Eqoitabk Bldf.                            Hmt T«fc
                    SNew York Stock Exckange for the dropping back of quotatioaa and                                                                                                                                                                Am.                                                                                                                                                         S4.SB Aug. 14 u.8a ao*. i M.47                                                                                                                                                                                                                                                 8a,
                                                                                                                                                                                                                                                               Ice Securities...
                                                                                                                                                                                                                                                                                                                                                                                                       i»n.....             Em
                                                                                                                                                                                                                                                                                                                                                                                                                      Aug. i n.40 Ask.    Ti.n                     M                            1031                                                                  1,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Cent Pac gtd 4S
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Long                Isl.    N    Sh t*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1,000            63%                                       TeIephon»-S7ie—Beetsr.
                      Chicago Board of Trade                                                                                                                                                                                                        Am.' Lin*««I                                                                                                                                                                                                                               8,000.          100                                                                                                               10,000                                  100
                      New York Cotton ExeJumgt tlie market eanaot therefor* be said                                                                                                                                                                 Am.        Unseed pf                                                                                                                                   *T*4ate.                                                                          N Y Stat* 4%*                                                           6,000                                     as          Leu        AM             ualtd 4b                        Seab ALret 4a
                                                                                                                                                                                                                                                    Am.        Loeomotiv*                                                                                                                              TBARLY RAMOS OF Firi'l gTOOKB.                                                          4jp00       IVK,                                                       gtd 3%s                     '
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           BS%          1,000            66%
                                                       to have shown any oonocrn over the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        8,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Sber, Shv A S 6*
         S3          New
                       Street ("ZT), N. Y.                                                                                                                                                                                                          Am.        Smelt,       ft    Ref...                                                                                                                      -MUh.—   -L*w.-                                                                N Y City 3«s,                                                            5,000                                    88%
                                                       cour.<(e of the Waahlngton conference
                                                                                                                                                                                                                                                    Am.        Smelt    S. pf.         A.
                                                                                                                                                                                                                                                                                                                                                                                                                                 Last.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Nov, 1$64                                              Ches       ft     O      oon 8*                            Manhatn Cen 4*                                               8,000            60%
                                                                                                                                                                                                                                                                                                                                                                                                      •mt.                  .ti.tT j«s.        a m.ai Apr. 11 sr.ia                                                                                                   1.000                                108%                10.000                                      88%       B Bell T A T 1st &s .
                                                       through which Prealdont Wllaon la
                                                       seeking a solution of the railroad labor
                                                       situation.    Th* confidence of Wall
                                                                                                                                                                                                                                                    Am.
                                                                                                                                                                                                                                                    Am.
                                                                                                                                                                                                                                                    Am.
                                                                                                                                                                                                                                                               Steel F'drles....
                                                                                                                                                                                                                                                               Sugar Ref
                                                                                                                                                                                                                                                               Sugar B*f.
                                                                                                                                                                                                                                                                                  —    pf..
                                                                                                                                                                                                                                                                                            ...                                                                                        -H             n*M.
                                                                                                                                                                                                                                                                                                                                                                                                        Full yean:
                                                                                                                                                                                                                                                                                                                                                                                                      1018
                                                                                                                                                                                                                                                                                                                                                                                                                    . .
                                                                                                                                                                                                                                                                                                                                                                                                                   . .




                                                                                                                                                                                                                                                                                                                                                                                                                04.U Oet |>
                                                                                                                                                                                                                                                                                                                                                                                                                            .TS.7* Aug.       IT Si.90 Feb. 34 T4.8$
                                                                                                                                                                                                                                                                                                                                                                                                                                    Fs», 34 01.80   UM
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     13,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         4s, I860,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         8,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         4^               IMS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    rag
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       93

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ™
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      100%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      conv 4%s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      8,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      conv 6*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               8B
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Mich
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 1,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Milwaukee Oas
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          euu             Tel 6s

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     *
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         100%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               1,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              10,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     So Pac eel 4t
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        ,.lOl
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           100%
                                                                                                                                                                                                                                                    Am.        Tel. ft Cable..,.                                                                                                                      l»\i      TS.80 Jaa, i| 67.41 July ao
                                                                                                                                                                                                                                                                                                                                                                                                                                          io80,ao                                                    10,<XIO                                          108             9,000                                    *3%            3,006.                                       as                  3,000                        S4%
                                                       Street in the avoidance of a itrlka re-                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               A N
                                                                                                                                                                                                                                                    Am.        Tel. ft Tal                                                                                                                            Ul|,. .70.10 Jan. a n.08 Feb,                                    l&OI                              4,000        108% C, B ft      gen 4s                                      Q                                      Mil, Spart                                                          coav 4s
                                                       maina unimpaired.                                                                                                                                                                            Am.        Tobacco                                                                                                                                         .86.83 Bap. 80 76.24 Feb. 1 TTja                                                        4%b, 1968             10,000.;...                                                                       «K                 Wn   lat 4s                                                 10,000....
                                                          The bank statement showed a gain                                                                                                                                                          Am.        Wodlen                                                                                                                                 UU..... 14.41 Jon;                       M
                                                                                                                                                                                                                                                                                                                                                                                                                              at:B7 gep.' 3B Tt.OO                                                   10,000         ,108%      Joint 4b
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               oe                                                                          Minn
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  1,000...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     St   L Ut
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           03%                 1,000....
                                                                                                                                                                                                                                                    Am.        Writing P. pf...                                                                                                                         *1x> 4at*.   tTe oorrespondlag date.                                                                                  2,000                                                                                                           ft                                               6,000....
                                                       In surplui of over $24,000,000. That !•                                                                                                                                                      Anaconda Cop. Co...                                                                                                                                                                                                                      Am         Ajr Ch deb 6s      Chi, Mil       St                                            A              F                      ft ref 4*                                                        3,000....            ....    $7%
                                                       nearly 10 per cent of the amotmt of                                                                                                                                                          Atch., Top. & S. P...                                                                                                                                         BONDS.                                                                             16,000                                            07%            conv 4%s                                               2,000..                                       SO                  conv Ss
                                                       the British credit and is more than haU                                                                                                                                                      Atoh., T. ft 8. F. pf                       .                                                                                                      DAILY RAMOa OF FORTY BOMDB.                                                           An           Cotton Oil 6s                                            6,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         t R             A        Pao
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           100%            Mo Pac lat Os                                                       1,000..,.            ....104
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ....103%
                                                                                                                                                                                                                                                                             W. I.,.,                                                                                                                                                                                                                    6,000                                                  Chi,                                                        18.000..,.                                   101%                   600
        The current issue of our Weekly of the sum required aa reserve against                                                                                                                                                                      At..       Qulf    ft                                                                                                                             Ang. U..mM + .OlIAtti. 18..M.7Z                                                        Am Ice Seeur 6b
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Ry d«b              8s                                      cv          6s,    Tr Co           cts                       Ist ret 4S

        Circular contains an analysis of credit to the full amount of that loan.
                                                                                                                                                                                                                                                    At.,       Gulf
                                                                                                                                                                                                                                                    Baldwin tioco
                                                                                                                                                                                                                                                                      ft    W. r.pf             .                                                                                                     Aug. M..M.OS-.00 Aug. 16..80.Ta
                                                                                                                                                                                                                                                                                                                                                                                                      Aug, IT. .16.71                   —
                                                                                                                                                                                                                                                                                                                                                                                                                      .Oil A«g. 14.. 84.04
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ¥
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           —   M
                                                                                                                                                                                                                                                                                                                                                                                                                                                                               .01
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               1.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Am Sm Seeur 9*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               86%                                                   38,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     10.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               60
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               66%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 10.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  gen           4a,      w   i
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           48%                B.OOOsSOt.....
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              3.000..
                                                       The increase in surplus was due in con-                                                                                                                                                      Baltimore ft Ohio                                                                                                                                  YXARLY RANOB OF FORTY BOMOB.                                                            1,000                                                                 12,000                                    50%               10,000                                    63%                 SFTenass
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              107%
                                                       siderable part to the receipt of gold                                                                                                                                                        taltlmore ft 0. pf..                                                                                                                                                                                                                     Am T ft T col 4s                                                         6,000                                    88%               15.000                                    66%                4.000...-                     as%
                                                                                                                                                                                                                                                      rown Shoe pf                                                                                                                                                             —High.—               —Lew.—                Last.                                                                                      2,000                                    60%                                           Guar
                     General    Electric               from abroad. The two factor* are be-                                                                                                                                                         Bruns. Ter. ft Ry fl.                                                                                                                             *in«... .17,40 June 17 86.10 Apr. Sg 8«.U6
                                                                                                                                                                                                                                                                                                                                                                                                      tins. . .84.4$ Apr. 30 81.61 Jan. 3 12.86
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     10.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         coav 4<4s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       91% Chi             Un SUtien
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  6s. 1930,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    "Tr ctfs.                dou-                    ^^o^^^^^.^aoH
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              A
                                                                                                                                                                                                                                        I



                                                                                                                                                                                                                                                    Butte ft Superior                                                                                                                                                   .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      4%B, Ser                                                     ble stamp
                                                       ing closely co-ordlnatad. Bngland bur-                                                                                                                                                                                                                                                                                                                                                                                                        20.000                                      .110%
                                                                                                                                                                                                                                                    California Pot. pf...,                                                                                                                             '
                                                                                                                                                                                                                                                                                                                                                                                                           Full years:                                                                       Armour A Cb 4%b                                                       7,«i3           100                                           6,000.                                    03          roSo*V....„n»
        Company, its earnings and pros- rows here and Is careful at the same                                                                                                                                                                        Canadian            Pacific ....                                                                                                                   »5»                   «.«« Nov. 34           11.61 Jan.         3   •1.87                3,000                                                  88%      Chile Copper 7s ^                                          Mob Pr                  6b,    Ser        a
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  18,000                                                                                                             »«.."!.'!.?!•$»
                                           This cir- time to ship enough gold to this                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     87%
                                                                                             aide                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  IfflH                                       16,000
        pects for      1916-1917.
                                                        to preclude her borrowing* putUng any
                                                                                                                                                                                                                                                    Central Leather Co..
                                                                                                                                                                                                                                                    Chesapeake ft Ohio.                                                                                                                                lata..... •2.81 Jan. lO 86.48 Oee. 18
                                                                                                                                                                                                                                                                                                                                                                                                         *T» date. TTo eorrespoodlng date.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           UM                   2.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             At. Top ft                             S F*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       98%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ^    Cuffiberld Tel 6b                                          Mat Rys of Mex
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          AWSON.LYON &
        cular will be sent on request.                  undue tax on the money maket through
                                                                                                                                                                                                                                                    Chi.       Great Western..                                                                                                                                                                                                                   sen 4s                                                            5,000,          100                                            priorHen 4%b,                                      ^su'.r^-.'r..                          W4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               STOCKS Am
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             fUVCBTMICNT
                                                        straining of bank reserve*. The bor-
                                                       rower is unusually fortunat* who can
                                                                                                                                                                                    38U                                                             Chi. Gt. West. pf....
                                                                                                                                                                                                                                                    Chi., Mil. ft St.T»....
                                                                                                                                                                                                                                                    Chi. ft Northwest....
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               10,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                8.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         coav                       1966
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       S2%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       02%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Detr Edis col tr 6s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   2,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       92$ Detr Riv Tun 4%l
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      6,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   108%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               83%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           N Y
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Jan coupon
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  2,300
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Air Brake
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 lat conv 6*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 aa  '"iSS'..*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Ua Bag ft PSS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        LOOB.....
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       as

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       S4K
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             MWALLSTRBBT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    MMOft'
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               NBWyORN              s
                                   WEBBER &            do this, and so, too, is the lender who
                                                                                                                                                                                                                                                    ChL, Rock           Isl.      ft   P.                                                                                                              TOPICS N WALL STREET.        I
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 •                        4s,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Pae 1st 4S                                                      „
        PAINE,                                                               CO.
                                                        cnn set from the one to whom he lends
                                                                                                                                                                                                                                                    Chile  Copper                                                                                                                                                                                                                            At T
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         2,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 ft       8 f>'8»
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      103% Dlst Sec Corp 6b
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      1,000                                    74          N
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 8.000      ....103% TIBioB
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Y Oer.t deb es
                    ESTABLISHED 1880
                                                       tlie reserve required against the credit
                                                                                                                                                                                                                                                    Chlno Copper
                                                                                                                                                                                                                                                    Col. Fuel ft Iron
                                                                                                                                                                                                                                                                                                                                                                                       -%                          >!• •>«                     It*   autevMt.                                            1,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         LOOO                   ...101
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                ...101%               8,000                                    74%                8.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  1.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             .....l-.f
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1U% U 8 Rubber <*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ^lgS::::::::::88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Erie Ist oon 7b
          Uembera New York Stock Exchange               extended.
                                                                                                                                                                                                                                                    Col. ft Southern                                                                                                                                  A  Stock never starts up, and continues                                                Bait            ft       O     gold 4s         1

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      1,000                                 108%                  con           4b,       ser        A         «,00O          102%
                                                                                                                                                                                                                                                    Consolidated Oas.....                                                                                                                                                                                                                            10,000.                                           80%                                                                    8,000             83%                          V 8 Steel C sY 8* _.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       90% Oa, C A N let 6s
                                                                                                                                                                                                                                                                                                                                                                                                     it* Jonrn*7 to higher leval* with unin-                                                                                                     .
                                                          The process Is one which can b* car-
             25   Broad St.,                Yoric         New
                                                       ried on almost to unlimited extent so
                                                                                                                                                                                                                                    J
                                                                                                                                                                                                                                                      Do., odd lot
                                                                                                                                                                                                                                                    Com Products Ref.                                                                                                                                terrupted cours*.   Its best frt*nd* be-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      5.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         conv 4%s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 .
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              8.000         103
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               ref ft Imp 4%B,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Series A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              31,006
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              U,000              ,106%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            IflW                                       latett
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Report* */
                                                                                                                                                                                                                                    I
                                                                                                                                                                                                                                                                                                .



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       •4% Or Nor ret 4%>                                                                                                                                      ALU
        BOSTON
        CHICAGO
                                             DETROIT long as collateral as the *«iurlty for
                                       MILWAIKKE credits and gold as reserve against
                                                       credits holds out. and England is still
                                                                                                                                                                                                                                    I




                                                                                                                                                                                                                                    1



                                                                                                                                                                                                                                    I
                                                                                                                                                                                                                                                    Crucible Steel
                                                                                                                                                                                                                                                    Crucible Steel pf
                                                                                                                                                                                                                                                    Cuban- Am. Sugar....
                                                                                                                                                                                                                                                    Cuba Cane Sugar
                                                                                                                                                                                                                                                                                                                                                                                       n             eoroe *«U«ra at various stag** of the
                                                                                                                                                                                                                                                                                                                                                                                                     advano*, remarking sententially that a
                                                                                                                                                                                                                                                                                                                                                                                                     reaction 1* du*.  Feeling that it 1* due
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     10.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ref us
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     13.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      0,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 .100%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 .100^
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Hud
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      2,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ft
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   ref 6b, Ser A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Man           lat          A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               100

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           N
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             16.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               L S col SV^s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              3,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Y O, E L.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                93%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                74%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             UA
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     UUh Pow
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               1:88::::::::::               S"
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Net Bam-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Ingi indioatet
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       eomMMM
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ov«r 40%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         W Va 4bB
                                                                                                                                                                                                                                        1




                                                                                                                                                                                                                                                    Cuba Cane Sugar pf                                                                                                                               tb*y bring it about If a buU mark«t
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       P. Lake                                                     LOOO....                                    70%             P eel tr 6b                                           ''TuS^.}^.^:. .$%
                                                       abundantly supplied with both. Had
                                                                                                                                                                                                                                                                                                .

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     wab P                                                                             for oneuim p 13
                                                                                                                                                                                                                                        '




                                                                                                                                                                                                                                                    Deere ft Co                                                                                                                                                                                                                                                                                                 Indiana Steel 6*                                              2,000            104%                                                Ter 1st 4s,
                                                       Europe drawn on tte rosouroea of th*
                                                                                                                                                                                                                                        I

                                                                                                                                                                                                                                                                                                                                                                                                     wa* not balt«d and *tart*d backward*                                                            14,000                                                88         4.000                                 102%          NY     Telcpb 4V4*                                                   cent Tr etts                                                            memtht. Infer-
                             Cumulative                                                                                                                                                                                                 !           Distillers'         Seeur
                                                                                                                                                                                                                                                                                                                                                                        f4                                                                                                                           30.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ,




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           86% later-MM 4%s                                                  10,000. rr..vr.. $7%                                     e.000                                   1%                                       motion on refuott
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       8 W Dlv 8%s
                                                                                                                                                                                                                                                                                                                                                                                                     •very few point* titer* would be no
                                                       American money market to the extent                                                                                                                                              I           Erie
                                                                                                                                                                                                                                                    Erie 1st pf                                                                                                                                      b*ar* left. Tber would los* all thair
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      3,000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     R T 1st A rsf 8b
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               78%         Nor Paolflo Ss                                            WUT                   eel tr $s
                             Investment                to which she has without having at th*
                                                                                                                                                                                                                                                    General Motor* pf...
                                                                                                                                                                                                                                                                                                                                                                                                                                               6,000       ?:.. S0%
                                                                                                                                                                                                                                                                                                                                                                                                     BioDay and quit, or oroas to th* oth«r Beth 8 iBt ft ref 6*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                I
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           000.   ...     OS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             18,000..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Ore 8 L gtd ref 4s
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                68%                                   3.000
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     wis Cant gsn 4*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            101
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            _                                          SUttery ft C«.
                 That is what the Partial
                                                       same time shipped us gold, it would not                                                                                                                                                      Goodrich pf                                                                                                                                                                                6,000...         100%                                                                                            SM'm          eoVtr'4%B'.                                     6.000             81%                                            8,000                        86%
               Payment Plan in constant                have been possible for u* to supply                                                                                                                                                          Great Northern pf...                                                                                                                             oamp and btoam*                          bull*.          Wb«n Marin*                                                                                                                                                                                                                                                                                               MEzehaai* rU
                                                                                                                                                                                                                                                    G. N. oerts.ere prop.                                                                                                                            pr*f*nr*d got to within trtkSng diatanoo
               operation iheans.
                 And. if a wise selection of
                                                       money as we have without drawing lo
                                                       a large extent upon the credit-granting
                                                                                                                                                                                                                                                    Illinois Central
                                                                                                                                                                                                                                                    Inspiration Copper.                         .
                                                                                                                                                                                                                                                                                                                                                                                       -%            of par it was almost a certainty that It                                                                                                   BID              AND ASKED QUOTATIONS.                                                                                                                                                                                         ll«wTeik
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         TW. 4881 Breed.
               Investment      securities       is     facilities of the Federal Reserve bank*.                                                                                                                                                     Interboro Consol                                                                                                                                 would oros* th* Un*.     Th* ttmptatioh      Cleslag quotations tor United States Oov-                31d.Aaked.                                                                                                                                                                                              Bia.Aaked.
               made, it means more than                That we have done scarcely at all. rel-                                                                                                                                                      Int. Agricultural b'--                                                                                                                           to put it 'over was too grsat to b* re- •rnnwnt bonds:                                    Kayser (J)                                                                                                                                                                            Plu CeaL. 36%
               the usual bank compound                                                                                                                                                                                                              Int. Mer. Mar. t r...
                                                       atively speaking. At the bottom of th*                                                                                                                                                       Int. Mer. Mar.pf.t.r.
                                                                                                                                                                                                                                                                                                                                                                                                     •iated. After th*ir aohiarement friends               Bld.Asksd.              Bld.Aaked.     ft Co... S5     S8                                                                                                                                                                  Do otts.. 26%
               Interest.                                                                                                                                                                                                                    I



                                                                                                                                                                                                                                                                                                                                                                                                     of th* issue war* abaah*d, and atartsd 3b, r, 1030. 99       ..   Pan 3ib r,                Do Ut pflU      U8                                                                                                                                                                           Do     pr....l06%
                                                       esse with which Europe has been able                                                                                                                                                         Int. Nickel                                                                                                                                                                                                                                Kelly a T                                                                                                                                                                                      De     ctfs.     .100%
                   Send for Booklet A -15.                                                                                                                                                                                                  I
                                                                                                                                                                                                                                                                                                                                                                                                                                              2s, c, 1930. 99            1938      S8% ,.
                 "Cumulative Investment."               to obtain funds here lies, then, Europe's
                                                                                                                                                                                                                                            :       Int.  Paper
                                                                                                                                                                                                                                                    Int. Paper pf
                                                                                                                                                                                                                                                                                                                                                                                                     |he  stock' back en n*w* of new Briti*h Ss, r, 1918.100%     ..   Fan 8b, r,                pf         $6
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               K ft D M. 2% 6
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  87
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                .   . . ,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     P, Ft               W*
                                                                                                                                                                                                                                                                                                                                                                                                     war .tax**, dissension among the oom- Ss, c, 1918.101%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Chevrolet
                                                                                                                                                                                                                                            I



                                                       ability to part with a great amount of                                                                                                                                                             Tea                                                                                                                                                                                                            1901 ....101%     ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Do pf
                                                                                                                                                                                                                                                    Jewel                                                                                                                                                                                     4b, r, 1926.109%         Pan 8s, e,                                 60                                                                                                                                                                 ntts's'pt:                    a^
           '^
             JohnMuirSiG>
                      Speciausts in
                                               ^^
                                                       gold.    That Is a circumstance which
                                                        helps to bring into higher relief the
                                                                                                                                                                                                                                        I


                                                                                                                                                                                                                                            I

                                                                                                                                                                                                                                            '
                                                                                                                                                                                                                                                    Kansas City South...
                                                                                                                                                                                                                                                    Kelly Spring Tire                  —                    4i«
                                                                                                                                                                                                                                                                                                                                                                                                     mlttee*, and on* thing and another. 4s,
                                                                                                                                                                                                                                                                                                                                                                                                     When the aeoond big mora cam* th* Pan 2s, r,
                                                                                                                                                                                                                                                                                                                                                                                                                                                  c 1925.U0
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ..    19*1 ....101%      ..  K'gs Co El
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 L A P...137% ISe                                                                                                                                                                    Pitta           soar
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       A prosperous and suooatsfal maker ot
                                                                                                                                                                                                                                                    Kennccott Copper....                                                                                                                                                                                   08% ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                laas                                           Lacl Oas.. 105    106%                                                                                                                                                                 p's. iJ'j.'lS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                —                  *M
                       Odd
                                                                                                                                                                                                                                        I

                                                       power which our own market possesses                                                                                                                                                         Lackawanna                   Bieel                                                                                                               stock approached par with a stsady ad-
                                                                                                                                                                                                                                                                                                                                                                                                                                                Closing quotations for tseks in which Uura L E ft W. 19%          31                                                                                                                                                                                                                 popular priced motor cars reaonroea
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         lar
                                                    Lots
                                                       through the ownership of a greater
                                                                                                                                                                                                                                        I



                                                                                                                                                                                                                                            I       Lehigh Valley
                                                                                                                                                                                                                                             Liggett ft Myers
                                                                                                                                                                                                                                                                                                                                                                                                     vance that mad* it only a quastlon of WBT* no transactions:
                                                                                                                                                                                                                                                                                                                                                                                                     which trador would hav* th* honor vt
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Do pf.... 88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               L R ft T.. 46% 46
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  43
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     QUIckStlTBT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              De     pf....
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    2%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    4%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     earalaca e&*rmott»-4aitial dtvldeod a»
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Booted soeiL Our current Maket Letter
           Hun Office, 61 Broadwar, New Tork
                                                       amount of gold than this country or                                                                                                                                                  i



                                                                                                                                                                                                                                            ILorlllard (P.) CO-.,..
                                                                                                                                                                                                                                                                                                                                                                                                                                                           Bld.AakBd.
                                                                                                                                                                                                                                                                                                                                                                                                     paying $100 a *hare tor th* nr*t let AellM Tea. 61% 63% C, O. C A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Bid. Asked.         Bf..l31   126                                                                                                       LAM                                                       Hx^CtlBpr. 4*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                68
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     No. B4S diseussea this secotlty, and ale*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  about
                                                        any other country ever before held.                                                                                                                                                         Louisville         & Nash                                                                                                                                                                   Do iBt pf ss
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               tiOng iBl'd. 38    36
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Rdg it >t. 44%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        tells
         aa St. k Broaiway i:;th St » Lenox Av.                                                                                                                                                                                                                                                                                                                                                      old at that prio*. On Friday the price Adams Ex.. 138% 140% «t Lpf.... 61% 88
                                                                                                                                                                                                                                        1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  06                           L-virBls... 16%    20%                                                                                                                                                                   _ 14
         6»tl3 St. t Ma'i. Av,
                                              I



                                   I'ourt .«t.. Bklyn.
                                                   i'l;We are retaining all our own. by no                                                                                                                                                  ;       Mackay Cos                                                                                                                                                                                                           Do         78     83    Do 1st pf 80     86                                                                                                                                                                 Ren* A B..170                                      Saxaa Molar                      Cekte 03            ft    Oas
         105  Wert 82cl tjtrft SlOBroadSt. Newark
                                              |        means small, production of the metal                                                                                                                                                 I
                                                                                                                                                                                                                                                    Maxwell Motors                                                                                                                                   weiit to 10B\. Testarday it went baok Ad Ruraely             1554 Cleve ft P. 79%         LortU'd Co.235    240                U                                                                                                                                                 Rep           I     A   S
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        TeUec* ftoimH                    Okl*. Pred.         ktUl.
           Members New York Mtnrk Exchance                                                                                                                                                                                                          Mex. Petroleum                                                                                                                                                                              Do pf.... 32% sag Do spec. 47%                   Do pf....ll7    120                                                                                                                                                                   pf.      lis
                                                        and in addition are drawing steadily                                                                                                                                                                                                                                                                                                         b*low par again, crossed the mark to AJax Rub.. S3
                                                                                                                                                                                                                                            :




                                                                                                                                                                                                                                                    Miami Copper                                                                                                                       t\                                                                         66 Cluctt-P .. 72        73                                                                                                                                                                                         Rutl'd pt. 24                                     U.   S. Light       k   Hsat Siadair            Oi
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          109% M'kay Co*
                                                                                                                                                                                                                                            I



                                                        on the current production and past ac                                                                                                                                                       Missouri Pac w.                        I.   .                                                                                                    show how easily it could b* done, and Alaska J.. 1%           8     Do pf....l09                                                                                                                                                                                            ,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      St L A 8                                               Iffact ef Ike             New     Britisk Leaa.
                                                        cumulation of the metal by other coun-
                                                                                                                                                                                                                                        i




                                                                                                                                                                                                                                                    Nat. Enom. ft St....                                                                                                                             anded th* ***ion at oxaetly 100.         AllLs-Ch                 Col F A I                 pf.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Man Veh.. 1%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            67    S7V^
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   S
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           M                                                                                                                                                            F. Wi.,. 18M
                                                                                                                                                                                                                                                    National Lead                                                                                                                                                                               pf.  ...„. 78%    79% pf.         130                                                                                                                                                                                                 St L a W. 14^
                                                                                       tries.
                                                                                                                                                                                                                                            I



                                                                                                                                                                                                                                                    National Lead pf
                                                                                                                                                                                                                                                                                                                                                                                                                         •••                  Am. Ag Ch                C ft a 1st              Man Elev..lS8 ia»1|
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       bo pf.... 36                                                 Cepj        i«at   p*a
             Oar Booklet on
                                                                                                                                                                                                                                            '
                                                                                                                                                                                                                                                                                       .        .
                                                                                                                                                                                                                                                                                                                                                                                                                                                          100% 101% pf.             65%        Man Shirt 61       68
                                                                                        We hre not at all likely within any                                                                               1M4                                       Nev. Consol. Cop                                                                                                                                                         A
                                                                                                                                                                                                                                                                                                                                                                                                                             Btftof.a«U*r •m    pf.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Am B                     N.. 39%                                        DoSd           pf.       80                            Do                Pf....ll6                   116^ Scab                  A        L. 16%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              M                                               Do
                                                                                                                                                                                                                                            I




                                                                                      tlA* which can be foreseen to be In                                                                                                                           N. Y. Air Brake                                                                                                                                                                                                                                                                                                                                                        Max                                                                           pf....    STM
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Harvey A*WilIis &Co
                                                                                                                                                                                                                 ,

                                                                                                                                                                                                         1SBT4                                                                                                                                                                                                                                  Do pf.... 62                                                                                               63% Cam T R..                                        43%                              lat
                                                                                                                                                                                                                                        I




                                                                                                                                                                                                                                                    N. T. Central                                                                                                                                      Wh*a Uarin*     preferred sold at 106
                                                                                                                                                                                                                                                                                                                                                                                                                                               Am B S A                                                                                                        C G. E L
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              41
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            of                               86%           8T        •eara-R i>f.l26
                                                                                      need of borrowing, but there i* very                                                                                                                                                                                                                                                             -1
                                                                                                                                                                                                                                            !


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Do
             Odd                             Lots                                     great advantage in being able to extend
                                                                                      credit when other* are in need of it.                                                            «4
                                                                                                                                                                                                                                                    Norfolk & Western..
                                                                                                                                                                                                                                                    Northern Pacific
                                                                                                                                                                                                                                                    Pacific Coast
                                                                                                                                                                                                                                                                                           —                tu
                                                                                                                                                                                                                                                                                                                                                                                                     and Mexican Petroleum at 101 a well
                                                                                                                                                                                                                                                                                                                                                                                                     known flgurtf In lower New Street
                                                                                                                                                                                                                                                                                                                                                                                                                                                Fdy ....101%
                                                                                                                                                                                                                                                                                                                                                                                                                                                Do pt....l91
                                                                                                                                                                                                                                                                                                                                                                                                                                               A a A F
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      106
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      106
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ft B..lll%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           P,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                C I C M.. ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Cent Can.. 0«4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                so
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                99%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           MDW
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            De
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              2a Dt,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                StS. 63
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              at. ...108
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Be%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           m
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           67

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          107H
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Skat Aria.. 38%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     B-8 S ft L. 47%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Do     U.... 04                           $8B>ar,N.Y.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           (BstaUlsbed ISOl)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       PheB**U7-8-SBr*aa
                                                                                                                                                                                                                                                    Pacific Mail                                            24H                                                                        +8%           snorted in disgust and *oId a few hun-     pf.       llfli                                                                                       117                                                                  Hex P                pf,. 00                    fSM 80              P         R
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         S.I83
                                                                                      For through granting credit oome* a                                                                                                                           Penn. Railroad                                                                                                                                   dred eharea of each short: " I see Am CoaL.                                                                                    M                           0^ F        fnal'^ 60                                      Mich Oent,Ul
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           MA                        U
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          lis                 Do     pf....ll4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   a
                                    outline* our                                      vast amount of trade, and through that
                                                                                                                                                                                       52H                                                          Pressed Steel Car...                                    52l2
                                                                                                                                                                                                                                                                                                                                                                                       '^            higher prioea, aU right," b* said. "
                                                                                                                                                                                                                                                                                                                                                                                                                                               AmrC Pr..l4e
                                                                                                                                                                                                                                                                                                                                                                                                                                                J>o Bf ...OlDi                  W*                                                                il«4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      -44«      Corn-                   R                                                     Bt
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              pf.... 1*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 5          6M st;d
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ao                 Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    liiu...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     »t.,..        87%                    SEND FOR BOOKLET
                                                                                      profits, and through that prosperity                                                         186                                                              Pullman Company                         . .
                                                                                                                                                                                                                                                                                                                                                                                                     are In a bull mark*t» kut 11 maka* m* Am <!et O                                                                                                                                                                                                                                 Btudeb                  C*
                 Instalment                  Payment Plan                             The sequence la direct and real. A bank                                                                                                                       Ray        Cons. Cop.                                                                                                                                                                                                                                                                                                                                       W                  8 M...iia
                           Smnt /res en requmtt.                                      statement showlag a great incr*a*« la
                                                                                                                                                                                    244
                                                                                                                                                                                   108%                                                             Beading                                         /
                                                                                                                                                                                                                                                                                                                                                                                                                                                pf. ...... $•
                                                                                                                                                                                                                                                                                                                                                                                                     tlr*d to **• all tasues going up. Just aa Am Exp. ..128
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      103
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      ISO
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             O O.. 80
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             _
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Do pf
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Crip
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 frlp               ,

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                44               De pfI
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          laa
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          13*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      T » L
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              pf.             10»
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Tr.llO
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            111
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Hie Safety Of Savings*
                                                                                      surplus on the eve of the publio flota-
                                                                                                                                                                                    ^               I
                                                                                                                                                                                                                                                    Ileading.lst pf.......
                                                                                                                                                                                                                                                    Rep. Iron ft Bteel....
                                                                                                                                                                                                                                                                                                                                                                                                     though thera w«« ao -daaa <li*tinctIona. A a A I.. 10
                                                                                                                                                                                                                                                                                                                                                                                                                                               Am
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         O-Am Sag
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      iJT pf                                                   ue
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      K A            t:      % ^                      Tob  P
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      T. St L
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           pt,.lB           iM%                         I(*w la our 87th year.
                                                                                                                                                                                    «t                                                                                                                                                                                                 +V^           The trade who studie* valu** knows Am Lo ef.l04                                                                                                            DP100                                                                                                                                         ft




        BARUCH
         ROTHBRS
                                                                                      tion of a large foreign loan la of good
                                                                                      augury; It suggests our ability to con-
                                                                                      tinue lending and by lending to trade In
                                                                                      greater volume than we were ever able
                                                                                      to do before.
                                                                                                                                                                                   aoiHl
                                                                                                                                                                                    ns^

                                                                                                                                                                                   1.11
                                                                                                                                                                                                    i



                                                                                                                                                                                                                                        I




                                                                                                                                                                                                                                        I
                                                                                                                                                                                                                                        '
                                                                                                                                                                                                                                                    Sears. R'buok ft Co.
                                                                                                                                                                                                                                                    Southern Pacific
                                                                                                                                                                                                                                                    South. Railway
                                                                                                                                                                                                                                                    South. R'wav pf
                                                                                                                                                                                                                                                    Studebaker Co
                                                                                                                                                                                                                                                    Tennessee Copper
                                                                                                                                                                                                                                                                                       ....



                                                                                                                                                                                                                                                                                            ...
                                                                                                                                                                                                                                                                                                            2jrf/4

                                                                                                                                                                                                                                                                                                            K8%
                                                                                                                                                                                                                                                                                                           l.tnaj
                                                                                                                                                                                                                                                                                                            2.114
                                                                                                                                                                                                                                                                                                                                                                                                     that here 4uid there is to be found an
                                                                                                                                                                                                                                                                                                                                                                                                     issue that ought to be going down. If A B pf. B.
                                                                                                                                                                                                                                                                                                                                                                                                     the Kaiser declares next week that h*
                                                                                                                                                                                                                                                                                                                                                                                                                                                Do pf.... 80%
                                                                                                                                                                                                                                                                                                                                                                                                                                               A S ft R
                                                                                                                                                                                                                                                                                                                                                                                                                                                pf.
                                                                                                                                                                                                                                                                                                                                                                                                                                                    Malt. 7
                                                                                                                                                                                                                                                                                                                                                                                                                                                           86

                                                                                                                                                                                                                                                                                                                                                                                                                                                     ......111%
                                                                                                                                                                                                                                                                                                                                                                                                     has had enough, Marine will break 20 Am Snuff.. 141
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       8


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      112%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      145
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           41
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           87
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              A L
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     pf.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Del A B...181
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                D. L ft W.229
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   A R O. 13
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Do     pf.... 82
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              06%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                08%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               IBS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               240
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                IB
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                83%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Mo I^... 6
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           M
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      >




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Da cUs.. 4%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             P pf.w I 46
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           M P IBt pf ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Mon Pow.. 92
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              pf....




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              pf....ll2%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           11%

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           £-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           98
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           04
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      TORT..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              West
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        ...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     cts...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     pf....
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ctfs..

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     pf....l38
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    8
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    3
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    •
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   07% ,oIh
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              7
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              6
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             14


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            186
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Dnkm Lm
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        ft

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  BavlBgs and Loan Asseeiatlaa.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         T Saaspaoa Bldg., 68    WaU St.. N. Y.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               kmbMi                Ui.

                                                                                                                                                                                                                                                                                                                                                                                                                                                Do, pf....l03                                                                                         108  Det Ed... 137% 139%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           a UM Typs.. 83%
                                                                                                                                                                                                                                        I




                                .>evr    Hurk          tltoi'K                                                                                                                     lfl2U                                                            Texas Co                                               IMUI                                                                                      points.                 A
                                                                                                                                                                                                                                                                                                                                                                                                                  man should not forget to AmTobpt.107%                                                                                               108% Dot V Ry..ll6  117%                                             Mor            A Ba.              80%                                                            103
                            I                                    i



                                                                                                MONEY AND EXCHANGE.                                                                 mil
                                                                                                                                                                                                    1                                   I




                                                                                                                                                                                                                                                    Texas & Pacific                                         111^
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          W                                                                                                                                                                   De Bf....llS
            Members 1 New lork Cattan V zekaaa*                                                                                                                                                                                                                                                                                                                                                      use his pencil on some of the** earn- Am         pf.. 97                                                                                          9S  Dla Match. 114 119                                              N a A                     St
                                                                                                                                                                                                                                                                                                                       I




                     I New York Coftse                                                                                                                                              621-;
                                                                                                                                                                                                                                        }


                                                                                                                                                                                                                                                    Third Avenue                                            62H                                                                                                                                Am ZlBC.. 83%                                                                                           83% Dome M... 25% 36                                                 L         ISO  140
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      n B A                  P..    7         tV4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Marie A. Noble                       Theodore C. Cerwlii
                                                                 I
                                                                                                                                                                                                    I
                                                                                                                                                                                                                                        I




                                                                                                                                                                                                                                                               Bag &                                                                                                                                                                                                                                                                                                                                                                                                                  Va CIS           M.. 47                BS
            60    BROADWAY,                                NEW YORK                         RESERVE BANKS DISCOUNT RATES.                                                              4nil                                                         I'n.                    P. pf                           41%                                                                                      ings statementa.                           Do pf.... 46                                                                                               D, S a A                                                        Nat tBU....llB  uo
                                                                                                                  .

                                                                                                                          n
                                                                                                                                          —    trays.
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                                                                                                                                                                    Ovsr W
                                                                                                                                                                                   lan';]                                               I
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                                                                                                                                                                                                                                                    Tnion Pacific
                                                                                                                                                                                                                                                    I'nion Pacific pf
                                                                                                                                                                                                                                                                                                           i:is>«»                                                                                                                            •••                                            Ann Arbor.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Do pf
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    .                  so   A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           60        De
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        8   6
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            pf....                              10         N
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Do of.. ..138%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  C
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -      ft 8.. 76
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      T7n
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Do     pf....l06%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Clg 8ts                             NOBLE & CORWIN
                                                                                       Boston
                                                                                       New
                                                                                                     3
                                                                                             Tork... .1
                                                                                                                  10
                                                                                                                Lesa
                                                                                                                                      Over 10 Over SO
                                                                                                                                     up to 30. uptoao. up to to.
                                                                                                                                          Si4
                                                                                                                                          *
                                                                                                                                          4
                                                                                                                                                         4
                                                                                                                                                         4
                                                                                                                                                                         4
                                                                                                                                                                         4
                                                                                                                                                                                   101
                                                                                                                                                                                   Ififl
                                                                                                                                                                                    31
                                                                                                                                                                                                                                                    T'nlted Cigar Stores.-.
                                                                                                                                                                                                                                                    ITnited Fruit
                                                                                                                                                                                                                                                    ITnlted States Exp...
                                                                                                                                                                                                                                                    U. S Tnd. Alcohol..
                                                                                                                                                                                                                                                                                                           101
                                                                                                                                                                                                                                                                                                           Ififi
                                                                                                                                                                                                                                                                                                            31
                                                                                                                                                                                                                                                                                                                                                                                                      Whan
                                                                                                                                                                                                                                                                                                                                                                                                                             PaeUio HaU** Tara.
                                                                                                                                                                                                                                                                                                                                                                                                              th* sharea of the larger ship-
                                                                                                                                                                                                                                                                                                                                                                                                     ping companies were in such popular
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Assata
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Assoa
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             A B A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Atl
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      R..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Oil..

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           C L..113
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          A. 11
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    88%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        8

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      114
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           69
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Bleo
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Brie
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           11% Erie Sd
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                F
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       A P..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            ft B..

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          pf.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      M A B..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              64
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              43
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              14%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                70
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                45
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                18
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Nat Bn pf. 93
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           N
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Do_Pf....lOO

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 St
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Y.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          L
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               O A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     $a
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          111%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ^De Pf.... 18
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              It
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      U
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  C I FSO
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           87% Do jrf.... 68
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Pt ...... U?
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Rys Inv.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            T31
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             84     I
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             38   Bnad St
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        ChueNat'lBmk
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    New Te*k

                                                   EDMUNDS                             Philadelphia..
                                                                                      Cleveland
                                                                                                                      3H
                                                                                                                      SH                  4
                                                                                                                                                         4
                                                                                                                                                         414
                                                                                                                                                                         4
                                                                                                                                                                         4H
                                                                                                                                                                                   111%
                                                                                                                                                                                        nj                                                          tl. S.' Red. & R. pf..                                 "iS                                                                                       demand, Paelfio Mail hung day after                                                     Bald L pflOS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Batop M.. 1%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          105% Do pf.... 38
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            O
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Gen Chem.305
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                40
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               317%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Do3dpt. eo%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              1st pf 78                    80
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           63
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      U S Ihd A                                     I    Mechudcs & Metalt Natl Bk,
                                                                                       Richmond              ..                           4              4               4                                                                          TT. s.       Rubber                                     68                                                                                       day at it* old price without attracting                                                                                                          4«             Do                                                                                                                 pf.     lee                         104
                                                     & JONES                           Atlanta                                            4'             4               4
                                                                                                                                                                                    .18
                                                                                                                                                                                   110
                                                                                                                                                                                                                                        I



                                                                                                                                                                                                                                                    TT. S.      Rub^lst pf                                 110
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             13eth
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 8t'1..4B0
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             pf....l30                                140      Gen Else. 180
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            pf....ll4                          116
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               170
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           N Y Dock. 8%                                               u a R A                                                           Telephone 5>as Broad
                                                                                                                      3>4                 4              4H
                                                                                                                                                                                                                                        I



                                                                                                                                                                                                                                                                Sm. Ref. AM..                               71                                                                                       anybody's attention. Not even the dec-                                                                                                                                                                                 Do pTT. 21                                     so         ,,lmB .... s>                          81
                                                                                      rhlcftKO ....
                                                                                                                                          4              4
                                                                                                                                                                         4V4        7014                                                            IT. S.                                                                                                                                                                                                                                   B R T... 84%                                                  84% Gen Mot.. 660                                   680         N Y. L ft                                                  V^sn A
                                                                                       St.      Loul-i...             3                                                  4
                                                                                                                                                                                    niu                                                             ITnlted States Steel..                                  niH                                                                                      laration of an initial dividend on the                                                  B Un G..132                                              186      O'drlch (B                                                   West ...114%                                  133           Ref
                                                                                       Minneapolis.                                       4              4               4H                         I                                       I


                                                                                                                                                                                                                                                                                                           118                                                                                                                                                                               Brown                                                         60%                                                                                                                                    1%                          1%
                                                  IfPreferred                          Kansas City                    4«                  *'*            414             *%        in'4              I
                                                                                                                                                                                                                                            I       V. S. Steel pf
                                                                                                                                                                                                                                                                                                            Bm                                                                                       preferred stock seemed to help it                                                                   R
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Bh.. 60
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          P. 91                            98
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 F) 08... 71%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Granby C. 87
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                73
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           N Y, N K                                                   tl S R 2d
                                                                                                                                                                                            H                                               I
                                                                                                                                                                                                                                                    I'tah Copper                                                                                                                                                                                                                             B.                  ft
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            A H.... ea%                                    60         ,Pf.                         70
                                                                                       DkV.h^                                             4              4               4             81           !

                                                                                                                                                                                                                                                    Va.-Caro           Chemical..                                                                                                                    Yesterday by way of signalizing the                                                             Do         Greene-O ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 pf....llO                                                                    46%                          NY, O A
                                                       Common                          Bail Francisco 3                                                  4               4)4        4lM                                                 1



                                                                                                                                                                                                                                                    Wabash                                                   iw                                                                                                                                                                              Bums               Gulf e 8..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  QSr..             67%                    75                                 78                If*              West
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     tJ a B pt. 60%                          60%                        L3>end Eauning
                                                  t[
                                                                                                                                     Trade Acceptances.                             13%                                             I                                                                                                                                                                sailing of the first ship in the restored                                                Do pf....l03% 107% Do 1st pf                                                                                      98
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 ...         3T                      TRah Sea. 17%                           n%
             MERRILL,                                                                                        Agrlcul.                                                Com-           4fl'-il
                                                                                                                                                                                                I



                                                                                                                                                                                                                                        I
                                                                                                                                                                                                                                                    Waba.ih pf          A                                    27l^                                                                                    trans-Pacific service, the stock becam*                                                 Bush Tar.. ..  120   Do Jdpf.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              96
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              80                87
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Norf
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           NAV
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              So....         23%                     Va-Car Ch                                                    7%      Preferred Stock
                                                                                                                                     Up                             modlty,         ^%\                                                             Wabaah pf B                                                                                                                                                                                                                              lufk              Co..                 38%                         Hack mt                                                                         pf..         88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            110%
                  LYNCH                                   Bought                       Boston
                                                                                               Ovsr 90.
                                                                                                   5
                                                                                                                                          to «0.     60 to
                                                                                                                                                         3V4
                                                                                                                                                              00.
                                                                                                                                                                                    X>
                                                                                                                                                                                                                                            1



                                                                                                                                                                                                                                                Western Maryland...                                         .•WH4                                                                                    active and soon sold up to 29, within                                           %           Oat         Pet...                 18%                    ^^   Helms (O
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              25                88         North Am.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           N W Tel...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             67
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          M^th Bonua               of    Common           Stock
                                                                                                                                                                                                I                                   I

                                                                                                                                                                                                                                                    West, fnlon Tel                                                                                                                                                                                                                                                                                                                                                                                          62%
                                                                                                                                                                                                                                                                                                                                                                                                     of its top quotation for the year.                                                          dan                                                       80
                   &C0.                                   Sold                         New Tork... 6
                                                                                       Phr,ad*lphla.                  4H
                                                                                                                                          8>4
                                                                                                                                          8H
                                                                                                                                                         8'-
                                                                                                                                                                         BVi
                                                                                                                                                                                    OR
                                                                                                                                                                                    Bn%
                                                                                                                                                                                                    I

                                                                                                                                                                                                    I
                                                                                                                                                                                                                                        I




                                                                                                                                                                                                                                            I
                                                                                                                                                                                                                                                    West'house B. ft M-
                                                                                                                                                                                                                                                                                    —                        r.fl'/«

                                                                                                                                                                                                                                                                                                            BS
                                                                                                                                                                                                                                                                                                                                                                                       -H            dessd at 27%. with a net gain of >%.
                                                                                                                                                                                                                                                                                                                                                                                                                                            It
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 -as* (I I)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Bo....             66                               •W> O0...175
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Do «f....UT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               180
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           OBt Hta...                            6%         T         Tk        a ft         p. 47
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             48
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             80              Bataly established New York In-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             iostnal Corporation for purpose of
                                                          Quoted                       CTIeveland           ... B                         8>4                                                                                                       Willys-Overland                                                                                                                                                                                                                                                                                             Hock        'Val..            .                lio                                                         •6                                               137%             expansion is offering its 7% divi-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           K^o-iS"                                                            :|WS
                                                                                                                                                                                                                                    I




                                                                                       Richmond             ... 4V4                                                      SH         27^1                                                1           Worthlngton                  Pump           .            2(W4                                                                                    A  week earliar it oould have b**n had                                                          ^^iKjiit* iS% Remeetake.180                                                                               lir
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             dend paying Preferred Stock at par,
             7 Wall St                                                                 Atlanta                                            8H             IS              8M                                                                         Worth. Pump pf B-.                                       B3i5                                                                                                                                                                                                   Int-Oen tit 74



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     :™
                                                                                                                                                                                    B4H1                                                                                                                                                                                                             at 21.                                                                                          N J..., 8M ate mt Agris.. 18%                                                                                                                                                                                                           $10 a share, wltb attractive bonus
             Ntw York                             Offerinu           WanUi
                                                                                       Chicago
                                                                                       St.  Louis.... B
                                                                                                            .... 8
                                                                                                             s'        8H
                                                                                                                                                                         «'
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                                                                                                                                                                                                                                                                                                                                                                                                                                              V                                                                     1 H, S J,l]4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       I, N 3M<
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           P&S%*^
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                83
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             TS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            sa«
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             of OOBUioa Stock, cash or monthly
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             InStallBtenta. aH InstaUmanta «har.
                                                                                                                       8^                                                                                                                                                                                                                                                                                                   DUaMiy                                                                                                                                          of... .117
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -                                            ctfs .....
                                                                                       MInnsapolli.. 5
                                                                                       Kansas   City.. 5
                                                                                                             .1H
                                                                                                             4                                                                    TM:   balance, $22.9e2.3.'>0                                             ;    Sub-Treasory                                 SHORT TERM NOTES.                                                                                           C*B*lca**a.           CbanaVitl                                                                                                            H'Oor. 78
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Int :_ .                                            P T                       ft     T. 88
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Ing in quarterly dividend payment*.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Aadresa AB, P.a Bck 68, N»v York.
                                                                                       Dallas
                                                                                       San Francisco s^
                                                                                                       4%    S'A
                                                                                                              8
                                                                                                                                8
                                                                                                                               •SH                       k
                                                                                                                                                                                  credit balance, $775,689.
                                                                                                                                                                                              DoBseetto Exehaagc*.
                                                                                                                                                                                                                                   Govcnusent mad Uaalclpal laanea.
                                                                                                                                                                                                                                   Security. Rata.    Due.
                                                                                                                                                                                                                                 Prov. of Alb.. 8 May, 1926 96U
                                                                                                                                                                                                                                                               Bid. Asked. Ttd.
                                                                                                                                                                                                                                                                      98% 6.20
                                                                                                                                                                                                                                                                                                                                                                                                       If all the railroad* in the oountry «*- Obi ft Alt.
                                                                                                                                                                                                                                                                                                                                                                                                     I>ended as much energy a* th* New
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    !.f                         Int
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     De
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                lowa Oent
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           N
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            pf
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              pf..Me
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   8
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               108%  Do
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           PeoO. O...IOIS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Pm A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              pf..,.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                B... 11%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             96%

                                                                                         •Up to 80 days over SO ta 80, 4 per cent.;                                                                                                                                                                                                                                                                                                                                                                                                                                  Do                                                                                                              Wis
                                                                                       over' 60 to M, 4H per cent., and over DO, 6                                                   Boston, par: Chicago, lOo discount; Am. Fbr. Seo.6 Aug., 1919 97% 98% 8.70                                                                                                                                      Haven in persuading shippers and re-
                                                                                                                                                                                                                                                                                                                                                                                                                    ,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      1ST                   pf.       B ...                                Pstt-Mnll..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Do 1st pf
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             ..                                               _^

              Analytical Reports                                                       per cent.
                                                                                                            BANK ACCKPTANCH9.
                                                                                                                                                                                  St. Louis,     15®10o discount; San Fran- Argen. Govt..6 Dec.l6,'16 100
                                                                                                                                                                                  cisco, IBc premium; Montreal, tl.oeSTS Argen. Govt. Dls.F>b.21,'17           87
                                                                                                                                                                                                                                                                     100% 4.86
                                                                                                                                                                                                                                                                       97% 6.90
                                                                                                                                                                                                                                                                                                                                                                                                     ceivers of freight along their lines to
                                                                                                                                                                                                                                                                                                                                                                                                     hurry their loading and unloading of cfi" it"K
                                                                                                                                                                                                                                                                                                                                                                                                                                                           **                                                                                         m         J Tea
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                K
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      C, Ft
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           M
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                pf...lOO%

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  pf..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         S
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              ..
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               110

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                71%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Phlla Co... 8»
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           P. C. C A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             .

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           SS%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     WV-th
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Do jrf...ji3H
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              (*                                New Yotlc. August Ut, 181A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Te The Arkaaaa*, OkliBhoaia and
                                                                                       Bllelble (or rediscount with                                   Reserve                     premium.                                       Argen. Govt... 6 Dec.lB,'17 100% 100% 6.68                                                                                                                                                                      it A Ora.118                                                                                         130       Kan C So                                                     St t.,... 88                                            Wor Pump                                           Wcateiw Rallr*ad CaaspaBr.
                     Will Be Prepared and Mailed                                         Bank. 60 to 90 days                                                        2Hg*%                              Sliver.                   Argen. Govt..6 May 16.20 99% 100% 6.95                                                                                                                              cars there would be fewer orders for        Do pf....l33                                                                                         148            pf.                      68                80           Do pf.... 94                                                     Pf.    A.... SB               104        Kaaaaa City ft MeaipUa BaOwar
                                                                                       Not eligible, SO to 00 days                                                  2%08                                                         City of Mont6 May, 1918       99% 100% 4.88                                                                                                                                                       The New                                                                                                                                                                                                                                                                                              Ooaspany,
                                                                                                                                                                                                                                                                                                                                                                                                     new., rolling stock placed.
                                                                                                                                                                                     Bar silver in London. 31 B-ied, un- City of Mont. 8 Deo., 1917 00% 100% 4.66                                                                                                                                                                                                                                                                                                                                                                                                                                                                      J.-B.>eU(er and K. C. IMarkt, He*
                      Complimentary                                                                         COLLATERAL LOANS.                                                     changed: in New Tork, dSKo, un- City of Q'becB Apr., 1920 99% 100% 4.U0
                                                                                                                                                                                                                                                                99% 100% 4.88
                                                                                                                                                                                                                                                                                                                                                                                                     Haven has    suffered particularly from
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          DIVIDENDS DECLARED AND                                                                                                                                                                                        eetver* of the Kaaaaa CttF *
                                                                                                                                     CalL                                         changed; Mexican dollars, 60%@B4Hc             Prov. of Que.S A[r., 1920
                                                                                                                                                                                                                                                                                                                                                                                                     the' habit of many consignees leaving                                                                                                                                                                                                                                                                                                BfaasphlB Kallway CasspaBFt
              to readers of this paper de-
              sirous of receiving complete
              and          latest information regard-
                                                                                       Htgll.
                                                                                            2
                                                                                                                      Lew.
                                                                                                                                     Tims.
                                                                                                                                                 9
                                                                                                                                                                  Renewal
                                                                                                                                                                      Rat*.
                                                                                                                                                                       a                    NEW YORK       CITY BONDS.
                                                                                                                                                                                                                                 Dom. of Can. 6 Aug., 1917 100% 100% 4.06
                                                                                                                                                                                                                                 Dom. of Can. 6 Apr. L '21 09% 100% 4.97
                                                                                                                                                                                                                                 Italian Govt. .6  Oct. 18.'16
                                                                                                                                                                                                                                 Prov. of Man. 5 Feb.. 1920
                                                                                                                                                                                                                                                                99%. 100% 6.40
                                                                                                                                                                                                                                                                98     99% 6.16
                                                                                                                                                                                                                                                                                                                                                                                                     their freight in cars until It suited
                                                                                                                                                                                                                                                                                                                                                                                                     their convenience to unload it, because
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 AWAITING PAYMENT                                                                                                                                                                        VnuaebB X. ftalan. Jaaiaa H. 1I*»>
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ria BBd Joka C. Tyler, aa a 0«a*«
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          alttee rearcaentlac tk* keldet*
                                                                                                                                                                                                          Yesterday.    Friday.  Norweg. OovtO Feb., 1923 105% 107% 4.7E                                                                                                                             of the road's limited amount of equip-                                                                                                                                                                                                                                                                                               •t the Ffrat Hortarag* 6% OoM
              ing:         securities they may own.                                   60 days                             2%(a(:          [5     months...                   «%
                                                                                                                                                                                                         Bid. Asked. Bid. Aakad. Norweg. Govt.6    Oct., 1917 101%
                                                                                                                                                                                                                                                                      ""                                                                                                                                                                     Th* following companle* announced                                                                                                                                                                                                       Pe- Psy-                           Books             Beada Usaed aader the sa*itsia««
                                                                                      80 days                             3 Q3M 6 months..,                              31»
                                                                                                                                                                                                1919.. ..100          100        Norweg. Oovt.e Oct.,16.'16 100%
                                                                                                                                                                                                                                                                                                                                                                                                   ment and Inadequate sidings. As an dividends during the last week:                                                                                                                                                            Company. Rate.                                 rlod. abl                             Clos*.              •r deed c( tmat dated Jaaaary t,
                                                                                       4 months.                                                                                  es   Sept.,
                                                                                                                          ^i'iVBKl
                                                                                                                                                                                  ie   Sept., 1917..   ..102,                    Prov. of Ont..5 Feb., 1920     99'i 100% 4.bu                                                                                                                     economic proposition a shipper has no                                                                                                                                                                                   Nat                  Surety... 3                          Q         Oct                 •Sep. 20               188T,     ide by The   Arkaaaaa.
                                                                                                            COMMERCIAL PAPBH.                                                                                                    Prov. of N. B.5 Dec, 1019                                                                                                                                                                                          STEAM RAILROADS.                                                                                                                                                                                                                                                                      Oklake I aad Western RaUr*«4
                 MlCHAElIS & CO.                                                       80 to 90 days
                                                                                                                Best-Known Names.
                                                                                                                                                                    sviesK
                                                                                                                                                                                  4iis June,
                                                                                                                                                                                  4V4» Mar.,
                                                                                                                                                                                  4iis Nov.,
                                                                                                                                                                                                1965.  ..108
                                                                                                                                                                                                               1963..
                                                                                                                                                                                                               1987..
                                                                                                                                                                                                                                  ..lOR
                                                                                                                                                                                                                                  ..108
                                                                                                                                                                                                                                                                09% 100% 4.93
                                                                                                                                                                                                                                                                                                    O. of N. F...B July, 1919   97% 98%
                                                                                                                                                                                                                                                                                                    Russian aovt.e% July, 1919 lOO  100%
                                                                                                                                                                                                                                                                                                                                                                                              6.50
                                                                                                                                                                                                                                                                                                                                                                                                   right to make use of a freight car as a
                                                                                                                                                                                                                                                                                                                                                                                              6.46 warehouse.   The cost of such storage                     Pe- Pay-
                                                                                                                                                                                                                                                                                                                                                                                                                                             Company. Rate. rlod. able.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Books                                                                                                                                             S: ?:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 L. ft P. pf...l
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ^W""
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Sep.   1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     "^

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Q
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Sep.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Th* undersigned. Trustee under, the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   •Aug. 81
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             CoaapaaF a* Tmateei
             Vt!
             ^^CU1K>^
                           ^y
                     * BROABVAT-NlVYbM
                                        l>(><inM^R<cure220ue22«
                                                                                       4 to S months
                                                                                                                          Other Names.
                                                                                                                                                                    .8V404        4i4« May,
                                                                                                                                                                                  4H*       Nov.,
                                                                                                                                                                                                               1957..
                                                                                                                                                                                                               1917..
                                                                                                                                                                                                                                  ..108
                                                                                                                                                                                                                                  ..100%
                                                                                                                                                                                                                                                                                                    Prov. of Sask.6
                                                                                                                                                                                                                                                                                                    Swedish Oovt.6
                                                                                                                                                                                                                                                                                                                                            Feb., 1918       98
                                                                                                                                                                                                                                                                                                                                            Deo., 1916 1C0% 101
                                                                                                                                                                                                                                                                                                                                                                                              6.26 foom, per square foot of floor space,
                                                                                                                                                                                                                                                                                                                                                                                              2.06
                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Close.
                                                                                                                                                                                                                                                                                                                                                                                                                                           Can. Pacific. .2% Q Bep. SO Sep. 1                                                                                                                                              N, Y, Transit.. 4        Oct. 14   Sep. 28 gage executed by Th* Arkansas, OUahsaa
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Q
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           1 •Aug. 22 and Western Railroad Company, dated Jaa-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     _




                                                                                                                                                                                                                                                                                                                                                                                              6.1E would be   prohibitive if the owner of   i>o pf            S Sep. 30 Sep. 1                                                                                                                                                                      Ben.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         «
                                                                                       4 to 8 months                                                                              4Hs       May.               1917.              ..100V4                                                           Swiss Govt... 8                         Mar., 1918
                                                                                                                                                                                                                                                                                                                                            Mar.. 1920
                                                                                                                                                                                                                                                                                                                                                        99% 99%
                                                                                                                                                                                                                                                                                                                                                             99%                              6.10 the shipment had      to pay it     Un- Cin., N. O. ft
                                                                                                                                                                                                                                                                                                                                                                                                                                                           2                                                                                                                                                               oSo Puerb?':^            Aiig. 10  Aug.                   -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      uarr I, 1907, securing an authorised Iseo*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Six Far            U
                                                                                                                                                                                                                                                                                                                   Govt.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Aug. 22 Cent OoM face value First Mortgage th* triiat
                                                                                                                                                                                                               1966               ..102«                                                            Swiss                          .6                   99                                                                                                                                                                                                                                                                                                            $l,mt6oo
                                                                                                                                                                                  4H»       April,
                                                                                                                                                                                                                                                                                                                               CempaBy                                                                                                       Tex. Pao. pf.lH Q Sep. 1 'Aug. 17                                                                                                                                             Ohio Oil        $1.25 Q Bep. £0
                                                                                                           FORKIGN EXCHAlfGB.                                                     4Hs       Mar.,              1964                102',!                                                                                                                laanc*.
                                                                                                                                                                                                                                                                                                                                                                                                   fortunately tor the New Haven, he Wisa Cen. pt.2                                                                                                                                                                        Ohio on        $4.75 Ex. Sep. 20   Aug. S2
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Bonds, dees hereby realgn
                                                                                                                  Range of Rate*.                                                 4US       Mar.,              1962        102)                                                                     Am. Cot                011.8            Nov., 1917       100% 100%                        4.34                                                            S Oct. 2 Sep. 9                                                                                                                                              Pabst Br. Pf . .1»4 Q Sep. 15 Sep. 6 ereatsd by said WHEREOF, the uBderslgnet
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       n^ertgag*.
             The Old and New Wabash                                                                                                                                               42b       Sept.,             1960        102}                                                                              LO00....B                      July, 1916       100% 101                         " "" does not have to pa^ until a certain
                                                                                                                                                                                                                                                                                                                                                                                              8.90                                                                                                                                                                                                                                                                      IN WinOBSS
                 A
                 presentation of the transforma-
             tion of this railroad and Its market
             outlook are special features of
             Questions                   a    answebs.                       Copy
                                                                                       sterling—
                                                                                            Demand
                                                                                            Cables
                                                                                       Francs-
                                                                                            Demand
                                                                                                                          High.

                                                                                                                          itIiX
                                                                                                                          B.90H
                                                                                                                                           m tM t&
                                                                                                                                              Low,


                                                                                                                                           B.90H
                                                                                                                                                        Last.



                                                                                                                                                        B.90H
                                                                                                                                                                     Ch'g*.       4^*
                                                                                                                                                                                  4s
                                                                                                                                                                                  4s
                                                                                                                                                                                  4s
                                                                                                                                                                                  4b
                                                                                                                                                                                            Mar.,
                                                                                                                                                                                            May,
                                                                                                                                                                                            Nov.,
                                                                                                                                                                                            May,
                                                                                                                                                                                            Nov.,
                                                                                                                                                                                                             '60. op. '80. 103V
                                                                                                                                                                                                               10,t9
                                                                                                                                                                                                               19B8
                                                                                                                                                                                                               1957
                                                                                                                                                                                                               19B8
                                                                                                                                                                                                                          lOOVL
                                                                                                                                                                                                                           100^
                                                                                                                                                                                                                           100
                                                                                                                                                                                                                           100
                                                                                                                                                                                                                                                                                                    Am.      P.
                                                                                                                                                                                                                                                                                                    Am. T. AT.. 4%
                                                                                                                                                                                                                                                                                                    Am. Thread...4
                                                                                                                                                                                                                                                                                                    Aoacon.
                                                                                                                                                                                                                                                                                                         a B.
                                                                                                                                                                                                                                                                                                    X.. T.      F.8
                                                                                                                                                                                                                                                                                                                    *

                                                                                                                                                                                                                                                                                                                       Cop.B
                                                                                                                                                                                                                                                                                                                            L.e


                                                                                                                                                                                                                                                                                                                               101
                                                                                                                                                                                                                                                                                                                                            Aug., 1921
                                                                                                                                                                                                                                                                                                                                            Feb., 1918
                                                                                                                                                                                                                                                                                                                                            Jan..^l910
                                                                                                                                                                                                                                                                                                                                            Mar., 1917
                                                                                                                                                                                                                                                                                                                                            June, 1817
                                                                                                                                                                                                                                                                                                                                                                99%
                                                                                                                                                                                                                                                                                                                                                               100
                                                                                                                                                                                                                                                                                                                                                                    98%
                                                                                                                                                                                                                                                                                                                                                               100% 101  8.18
                                                                                                                                                                                                                                                                                                                                                                    101% 8.48
                                                                                                                                                                                                                                                                                                                                                                              lOO'
                                                                                                                                                                                                                                                                                                                                                                              1'
                                                                                                                                                                                                                                                                                                                                                                                 ..
                                                                                                                                                                                                                                                                                                                                                                                              $.78
                                                                                                                                                                                                                                                                                                                                                                                              4.« tlm* has elapsad, and
                                                                                                                                                                                                                                                                                                                                                                                                                           then the charge
                                                                                                                                                                                                                                                                                                                                                                                              4.66 is too small to serve as a penalty.
                                                                                                                                                                                                                                                                                                                                                                                                                                                    STRKET RAILWATS.
                                                                                                                                                                                                                                                                                                                                                                                                                                           CIt. Serv. com.
                                                                                                                                                                                                                                                                                                                                                                                                                                              •••
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        No. O. T. ft l..ia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ft      pf                                            H M
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Q
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Oct.  1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sep. 15
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sep. 16
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  *Aug. 28
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Pac. Mall 8. S.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             pf
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           pftts. Br. pf..li
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Pitts. Br. nf....i
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             1«



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Rep. I. ft 8. pf.l'
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Sep.   1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      has eaustd lu eorpoiate name to be bersuats
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Aug, 21 subscribed by Its President or a Vie* Presi-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Aug 80 Aug. 21 dent and its eorperau seal to bs hereoats
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Aug. 80 Aug. 21 affixed and attested by iu Seentair *r SB
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Oot. 2 •Sep. 18 Assistant Seoretsuy.                         -
                                                                                            Cables                        B.90             6.90         6.90                      4s        Nov.,              1956        100                                                                      A.V.B.U*   P.6 July 1, 'lO 97                                               98            6.00                            A     Meacleotcd Isane.                   Nor. Tex. Slecl                                                                               Sep.  1                     *Aug. 16                 Rep. I, ft S. pf.4       Oct.   2 •Sep. 15 UNITED STATES vORTOAOB AND TRCTt
                                                                                       Marks                                                                                                                                                99%                                                     At A Pac. T.e June, 1921 lOl%                                                                                                                                        Do pf         8                                                                        %                                 •Aug. 16                                                                             CO MPANY.
             '1 FRANK HOWELL,                                                               Demand                    ..T2.28             72.28         72.
                                                                                                                                                                                  4a
                                                                                                                                                                                  8HB Nov.,
                                                                                                                                                                                            'Nov.,             1936
                                                                                                                                                                                                               1966                         89%                                                     Bklyn. R. T,.B July, 1918 lOOA
                                                                                                                                                                                                                                                                                                                                        '
                                                                                                                                                                                                                                                                                                                                                                              102%
                                                                                                                                                                                                                                                                                                                                                                              100%
                                                                                                                                                                                                                                                                                                                                                                                              6.43
                                                                                                                                                                                                                                                                                                                                                                                              4.00     The speculative                             posslbllltlea in th* Roch. R. ft L.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Bep. 1                                               Rlker-Heg^ /; .60
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     It ''••I -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Swulpa. Itet...lOo
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Sep. 2 •Aug. 21
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Sep.   1             By CALVBRT BREWER, Vie* Presiisal.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Aug. 21 Attest-    M
                                                                                            Cables                    ..72.SlVi           72.31% 72.31K
                                                                                                                                                                                  8H» Nov.,                    1964                     91                                                          Can. North... 8 Sep., 1917  98%                                             98%           6.00   shares of the American International                                                            pf                                               IH              Sep.               1        'Aug. 25                 a.%f. ft Upf.114         Sep.   1  Aug. 21            -
                            52 Broadway, N. Y.                                                      Closing Rates.               8Us May. 1064         91                                                                                                                                           Can. North... 6 Julyl0.'17 99%
                                                                                                                                                                                                                                                                                                    Can. North. ..6 JulylO.'lS  90%
                                                                                                                                                                                                                                                                                                                                                                              100
                                                                                                                                                                                                                                                                                                                                                                              100
                                                                                                                                                                                                                                                                                                                                                                                              6.00
                                                                                                                                                                                                                                                                                                                                                                                              6.00
                                                                                                                                                                                                                                                                                                                                                                                                     Corporation have been overlooked by                                                     Terre H. T. ft.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              L. pf.                                                                                                  Aug. 22
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           S. Oil of NT J.6      Q Bep. 16 Aug. 18 Bigned. CBRintO, Asst Seoretary. Unttsd
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          R. L,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 sealed and delivered by
                                                                                         Following are yesterday's                 The following are Quoted on a percentage                                                                                                                                                                                                                          curb operators. There U $50,000,000 of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ..,8                                                         Sep.               1                                     Oil of (MUO.SJI 3 Ool
                                                                                                                         closing
                                                                                       rates, compared with the normal rate* basis:
                                                                                                                                                                                                                                                                                                    C. P. R. * I..6 May, 1918 103%                                            103             8.78
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             WU.-Minn. L.                                                                                                                  I             10.334            i  Sep. I States Mortgage and Trust Company la tlw
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Tenn B. S, pf.JH 6 Sep. 1 Aug. 21 prasenc* of;
                                                                                                                                                                                                                                                                                                    C, B. ft Qy.4 July, 1921 08                                                 98%           4.43
                                                                                                                                                                                                                                                                                                                                                                                                     the stock outstanding,     making the                                                    ft P. pf       1%                                                                                       Aug. IS
                                                                                       of exchange based on the mint par of m* June, 1917.           4.00       4.00                                                          .
                                                                                                                                                                                                                                                                                                    C.    A W.         Ind..6               Bep., 1917          99%             99%           6.16
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sep.               1                                 trn. Carbide.... 2    Q Oct. 2 Bep. 1«                         W. VAN TBTUN.
                                                                                       exchange adapted to the customary 4V4B 1918-1928              4.05  3.90 4.06  8.00                                           .        .
                                                                                                                                                                                                                                                                                                    Chicago Blev..6 July, 1916                                                                       floating supply •ufflclent, and It has                                                  INDUSTRIAX. AND MISCBUUkNEOUB                                                                                                 Un. Carbide... 20 Stk. Oct 2 Sep. 18                            H. D. BLENTJINaBR.
*t-                                                                                    way of quoting the several exchange*. 8'4i 1924-1930          4.08 ,8.95 4.10                                                 .        .
                                                                                                                                                                                                                                                                                                    Cub. -Am. Sug.e Apr., 1918 102                                                                   some of the attractiveness of TTnlted                                                                                                                                                                                 Union Tank L.2H          Bep. SB    Sep. 1                —
                                                                                       Sterling Is quoted at eo many dollars to  SVis 1950.1954 .    4.00  3.95 4.00  8.96                                                    ,
                                                                                                                                                                                                                                                                                                    East. P. ft L.6 Mar. I.'IS  96V.
                                                                                                                                                                                                                                                                                                                                                                                                              P^cifio iiaa and International
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Am. Coal       3  —                                                      Sep.               1 'Aug. 81 V. C. Mfr*.                           Aug.lM                                                                                     THE AMERiCAN COAI, OOMPANT
                            GRAIN                                                      the pound, German exchange so many
                                                                                       cents to four mark*, and French, Ital- 8V4S 1918-1924
                                                                                       ian, and Swiss exchanges       so
                                                                                                                                 3HS 1940-1950
                                                                                                                                 8IAS
                                                                                                                                      1930-1940 .
                                                                                                                          many .IVft )91«-ini8
                                                                                                                                                     4.00
                                                                                                                                                     4.05
                                                                                                                                                     4.00
                                                                                                                                                     4.00
                                                                                                                                                           8.96
                                                                                                                                                           8.98
                                                                                                                                                                4. On
                                                                                                                                                                4.0B
                                                                                                                                                                4.00
                                                                                                                                                                4.0O
                                                                                                                                                                      8.98
                                                                                                                                                                      8.86
                                                                                                                                                                                                                     .



                                                                                                                                                                                                                     .

                                                                                                                                                                                                                     .
                                                                                                                                                                                                                              .


                                                                                                                                                                                                                              .
                                                                                                                                                                                                                                                                                                    Elrie R.  R...B%Apr., 1917 lOO'j
                                                                                                                                                                                                                                                                                                    Oen. Rubber.S Dec, ISlS 100,
                                                                                                                                                                                                                                                                                                    O, T. of Can.B Nov., 1917
                                                                                                                                                                                                                                                                                                    HceklDg Val..B Nov., 1917 lOCM
                                                                                                                                                                                                                                                                                                                                                                W
                                                                                                                                                                                                                                                                                                                                                                                                     Fruit,
                                                                                                                                                                                                                                                                                                                                                                                                     Mercantile Marine, for It owns a ver7
                                                                                                                                                                                                                                                                                                                                                                                                     substantial    interest in all of thos*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Am. Coal. .....2 Bx.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Am. Coal
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Am. Oas
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Am. Vn. Serr.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           10 Sp.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            9  Q
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sep.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sep.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sap.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       AAviKvaa va, iv^fvevAs WVAV VIO ElOt 01
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           'Aug. 81 ' •Holders of >eeoWlj books do net oTose.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1 'Aug. 81   lAoct def. '8lv. lAeot. aoeum. dlv.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Aug. li
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        or AU.BGANT COUNTY,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    No. 1 Broadway, New York, Aug.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      The Board of TAroetan of THE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             14,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           AMBIu-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   1014      \.
                                   Any Amount                                          francif or lire to the dollar. The other 8s 1918-1925 .
                                                                                       exchanges in thia list are quoted ao 8s 1916-1918 .
                                                                                                                                                     4.05
                                                                                                                                                     4.00
                                                                                                                                                           8.t8 4.08
                                                                                                                                                                4.00
                                                                                                                                                                      •.M                                                     ,
                                                                                                                                                                                                                                                                                                    Inter. H*rv..8 Feb. 16.'18 lOl!                                                                  shipping oompaales.     A* a war-order                                                          lat of                                      IIJB           —         Sep.          M             Sep.                   RAILWAY EOUIPMBNT BONDS. CAN COAL COMPANY OF
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      COTTNTY (NBW JERSEY) has
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        ALLBOAlIT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        tbU 4*7 8**
                                                                                                                                                                                                                                                                                                    L. Gas ft M..
                                Send for Booklet T                                     many cent* to the unit* of currency in 8s 1940-1960           4.06  8.98 4.08  8.M                                            .
                                                                                                                                                                                                                              ,


                                                                                                                                                                                                                              .
                                                                                                                                                                                                                                                                                                                   Apr., 1918 lOOL
                                                                                                                                                                                                                                                                                                    Mich. Ry. ...6 Jun^l919 100%                                              101'
                                                                                                                                                                                                                                                                                                                                                                                                     medium It oan boast the AlUed Ma-                                                           Do              2d pf                                1>o       —     Sap.              80            Sep.           8                                                clared, upoo the capital stoc> otk-«4 OMa.
                                                                                                                                                                                                                                                                                                                                                                                                                               a subsidiary                                                      Am.                      Sumatra                                                                                            The fsUowtng ai* guetsd oa a peiosnlag* pany. the regalar seml-anaual dlvt4*B4' e<
                                 on Commoditiea                                        the aeveral countrle*:
                                                                                                                                                                                        WEEK'S BANK CLEARINQS.
                                                                                                                                                                                                                                               June, 1917
                                                                                                                                                                                                                                               June, 1910
                                                                                                                                                                                                                                                                                                    MiD. Oen. a. .8
                                                                                                                                                                                                                                                                                                    Mo. -Paelfie. .«
                                                                                                                                                                                                                                                                                                                                                               101  "                         8.00   chinery    Oorporation,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Tob.                 pf                                                                                                                                         three (8%) per cent; an extra dlTUand tt
                                                                                       Normal                                                 r-Testsrday's Clos*.^                                                                                                                                                            .
                                                                                                                                                                                                                                                                                                                                                                                                     wbidi ts booking a large amount of                                                                                                                                                                                                                              two, (3%) per oent out of th* profit* for th*
                                                                                           Rates                                               SsQiand                                                                                         Apr., 1917                                           Mont T. ft P.e                                                                                                                                                                               Am. W.                     ai. pt.w                                                                                         Nam*.                                                                                          A^
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Rat*. Bid.      six months ending Jubo 80, 1916, and a speelal
             Morris                      & Wjlmarth                                   of Exch.
                                                                                      4.8605 London                                       ....
                                                                                                                                               or Check.
                                                                                                                                                      *.1M
                                                                                                                                                                     Cabls.
                                                                                                                                                                      4.78*
                                                                                                                                                                                                                                Morgan ft W.6 Deo., 1918
                                                                                                                                                                                    ITeir Tork City bank clearing* last N.T..N.H.fta.4% May, 1917
                                                                                                                                                                                  week, as reported by th* Ctoaring N. Bnf. Nav.6 May, 1017
                                                                                                                                                                                                                                                                                                                                                                                                     business from abroad.     Amerioan In-
                                                                                                                                                                                                                                                                                                                                                                                                     ternational would seem to have th*
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             B'k'n. Un. Oes.!.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Cheseb'h Mfg...8
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             -heseb'h Mfg.'                                           %„
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        20
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        20
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Atl. Coast .Ua*..iei3>-^'
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Bait A cue        ItlS-'M
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Bnff., R. *PIHs..iei«>'
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           4X0 TS8 dividend of fifteen (16%) per eeat eo ao-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           440 4.38 count of the llquldatian of the fwmwiiy'S
             Tal.   Braid 2538.     32 Broadway.                                      6.1826 Paris                                        ....        6.90U           6.90
                                                                                                                                                                                                                                Otis Elev    8 Apr., USO                                                                                                                                             qualltl** that make tor popularity with                                                                                                                                ...
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Jerssy City Wharf Property, all pavabieat
                                                                                       96.28 Berlin                                       ....        72.28          72.31
                                                                                                                                                                                  Hon**, and the clearings of th* TTnltad Ptnn. Co. ...4H June B.'ai
                                                                                                                                                                                                                                                                                                                                                                    ..,                                                                                                                      Cop. Range. .$1.50 Q                                                     Sep.              16                                 Caaadlaa Paelfls..lfie.'                                                                                 t^  office September 1, 1916, to staekbol4ars
                 Uembers Chicaco Board of Trad*.                                                                                                                                                                                                                                                                                                               100                                   spoeulators, but they have paid no                                                      Cop. Range... .$1 Ex.                                                    Sep.              15                                 Ches. ft Ohio                                                                            *-^
                 Consolidated Stock Exch. of N. T.                                    B.lKfl Bwltterlaad..                                ....        8.29%           B.'"                                                                                                                                                                                                                                                                                                                                                                                                                                                                     le-'                                                                                 of record at three e'elock P. M. August 81,
                                                                                       19.2115         Oreece ......                                                   19.        States, as reported by The Tlnandal p. 8. C, N. J.B Mar., lolo                                                                                                               100
                                                                                                                                                                                                                                                                                                                                                                                                     attention to them, and a sale of th*                                                    Cos. Oilft Cl.lfMoQ                                                      Sep.              20                                 Cbleago A N, w..ioir                                                                          1:JI
                 N. T. Coffee t SuK^r Exchanc*.                                                                                           "...                                                                                  Rem. A, Un.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1916.




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  m
                                                                                        ril.4S         Russia                                         8*88             30.70      Chronicle, compare as follows:                                                                                                                                                                                                                                                                             Cos. Oil ft O-. .6c Ex.                                                  Sep.              20                                 chirii. I. ft p..                                                                        J.BO 4.T8        The        transfer books will not b* eleeed.
                      N. Y. Produce Exchan(s.                                                                                                                                                                                     Met. C. Co.8 Feb.lO.'IO                                                                                                                                            stook ta rare.                                                                                                                                                                                                        0., St L. * N. O.
                      KftablUbed Uay
                                                                                      6.1826            Italy                             ....        <.47%           8.47H                      In New Tork.     Total V. S.   Southern Ry..6 Mar., 1017                                                                                                                                                                                     •••                                            Cos. O. ft O. pf.8K Q                                                    Sep.               1                                                                                                                          4.68 4.40                         OBO. M. BOWLBY, Trsa«uter.
                                                          lit,       Ittt,                 ao.X Austria                                   ....        13.40            12.48
                                                                                                                                                                                                                                                                                                                                                               11
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Cruo. Steel pf..l% Q                                                     Sep.              80                                 0., 0..C. ft St L...,
                                                                                           26.73 S»ndlnavta..                             ....        38.8S           •28.70
                                                                                                                                                                                                      1916.          1914.      U. R. G.AEUS Apr., 1910                                                                                                         OS'
                                                                                                                                                                                                                                                                                                                                                                                                                             •teal           Slow Harar.                                                                                                                                                                   Del. ft Hu6sOB...li                                                                      4M      4.18
                                                                                                                                                                                  Aug. IS..     ..$2,622,825,778 $4,801,648,040 United FrultTB May, lOU                                                                                                        100                                                                                                                           Cruo. Steel pt.1% J                                                      Sep.              80                                 Brie RaOj^d         1
            Li>^      -:   ySffi             ,_»_                                          10.20 fTtoaln
                                                                                           40.1S Holland
                                                                                                                                          ....
                                                                                                                                          ....
                                                                                                                                                      30.20
                                                                                                                                                     •41.2S
                                                                                                                                                                       20.35      Aug. 13..                           .. 2.328.448,880                              4,ai|,ll«,}10                   Wlioase
                                                                                                                                                                                                                                                                           Neatly everyone In th* finannlal dis-    311, ft                                                                                                                                                                  Cub.-Am. BugMi Q                                                         Oet.              2 "Sep.    Bo^dng      dley.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    4.68
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    4.68
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            4.46
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            4.40     Pacific Mines Corporation
                                                                                                         China—
                                                                                                                                                                    t41.8'        Aug. 6...                          ... 2,098,807,870                              4,702.163,749                        Mfg. Co.... 8
                                                                                                                                                                                                                                                                              tak*s tt aa a matter tor granted
                                                                                                                                                                                                                                                                                                                                            Oct.,       1017   100% 101%                      4.06                                                                                           gub.-Am. sur.i(r Ex. Oot                                                                   2 'Sep. II [Ilbiais Ctttral...!!                                                                                            4.48    4J8
                                                                                                       Hongkon*                                                                   July 20...                         ,.,      3,S76,607,1W                          4,04S,$8S,073                   W,     P. Trao, .,8                     Mar., 1917 lOO    10M4                            1.00   trict                                                                                    ub.-Am. Bug.tt Stk. Oet                                                                   2 «Sep. 16    lis. A Nub....!!                                                                                                      4M                           DIVIDEND NO.
        fHardin-Wyandot                                                                     ....
                                                                                            ....       Shanghaf
                                                                                                        India—
                                                                                                                           . .
                                                                                                                              ..                      Bl.OO
                                                                                                                                                       TlOO
                                                                                                                                                                       Bl.lB
                                                                                                                                                                       TLOO Aug. 31
                                                                                                                                                                             Aug. 14.....
                                                                                                                                                                                               1018.
                                                                                                                                                                                           $2,068,647,608 $8,8»7.91T,mO W.V. T. ft S.8
                                                                                                                                                                                            X,7*8,»96,707
                                                                                                                                                                                                                         Wln.RJ^nna.S
                                                                                                                                                                                                           8,146,Ue,071 fir. B. O. ft S.6
                                                                                                                                                                                                                                                                    •.» that Rt**l common will soon a*ll •v*r
                                                                                                                                                                                                                                                                       1016.

                                                                                                                                                                                                                                                                         pax, hut th* proapeot does not Invtt*
                                                                                                                                                                                                                                                                                                                                            Mar., 101$ OTH vr%
                                                                                                                                                                                                                                                                                                                                            JUBSk 191T 88
                                                                                                                                                                                                                                                                                                                                            Oct., 1917 100%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  De pf.          9
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Done Xlnes. .BOe Q
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Iji             Oct,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Sep.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2 'Sep. 15
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1  Aug. £1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Kan. ATctaa.K
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      i|wuiri>asiflo..lf
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  ,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    4.48
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    6.60
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    8.78
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            B.O0
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            6.00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  16.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Boston, Mass., Aug, 18, I8UI
                                                                                           82.44       Bombay                                         88.00                                                                                                                                                                                                                                                                                                                                      falfb.,          Morse                                                                                                                        Cent. Unee.Il                                                        4.00    4.40
        i                   Ltg.Co IstSs                                                   82.44       Calcutu                                        n.OO                   Aug. 7.        3,148,680,887  8,620,140,eSe Winn. B, ay,. e                                 mud) buying. If th* great outsid* pub-                             Jan. IS.'lfl 100%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     ft      Co. Pf".i4**                                                                1         Ang.U
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ,



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               A WssurB..li_.                                                       4.40    4i0       The Dlreotors of the Padfte Mlaes Os^
                                                                                                                                                                             July II        I,879,66«,3g7  8,18«.827,081                                                                                                                                                                                                                                                                                                                                                                                        ,K. B. ftH..UlS.'M
                                                                                                                                                                                                                                                                                     awake to its opportunltiea                                                                                                                                                                              Fed, M. * 8-|^l                                                                                       Aug. 28
                                                                                       49.84
                                                                                                     Japann
                                                                                                   Kobe                                              B0.S7H            io,a»                                              THE TREASURY STATEMENT. lie should element would be glad to                                                                                                                                                                                                        Oen. Chem. K.IH
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        16
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         2         Sep. 18 Peon. a. FrelgM-ms-'S
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    4.70    4.40    poratiOB hav* declared a moathly dlvidead *(
                                                                                       49.84       Yokohama                                          80.87(4           80.80         CALL MONEY RATES.                           Sp««<a( to the Veto 7opfc IHmes.
                                                                                                                                                                                                                                                                         the trading
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Good. T. * R.»                                                                              1         AUK. 18 Bt I>, I. A. A S.1816-'S4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     M.                                                                                             SM      4.'76   3 per oent, payable Aug. 36, IMS, to steak-

        f        JUDSON                 G.   WALL & SONS                                           Philippine Island*—                                                                                                                                                   take on Steel, but until the issue shows
                                                                                                                                                                                                                           WASRINaTOM,' Aug. lOi—Receipts and more responsiveness to the earnings                                                                                                                                                                                            Oulf St Steel
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Sefcbeard                   L....I916.'M
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Southern Paclfla..l916-'3S
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    4.T8    4J0
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            4J8
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    hol4*rs of reeord Aug. 16, ISIS.
                                                                                           80.00 Manila                                               60.38          S0.87H    Call money rates In corresponding expenditures:                     This Mo. Fiscal Tr.                                                                                                                                                                                                                         lstj)f,       -1* "9 0«t-                                                                 2         Sep. 18                 Southern Ry
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    4.60                        JOHN H. HOBBS, Treaanrer.
       -;

        «• Wall            St.,
                                  Eat.
                                  N. T.
                                             88      Years.
                                                          riiena Beetor         77.
                                                                                                   South America-
                                                                                                   \


                                                                                           42.44 Buenos Air's                                         41.80            41.76 we«ks In this and recent years bav* Customs               •••:./ . .$10,040,320 $28,468,001 and   tonnage atatements the profes-
                                                                                                                                                                                                                                                                                                    Int. rov.,,ord
                                                                                                                                                                                                                                                                                                                                               .

                                                                                                                                                                                                                                                                                                                                              ....
                                                                                                                                                                                                                                                                                                                                                    .

                                                                                                                                                                                                                                                                                                                                                         31.388,^              63,607.689
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Do M     pf.....l% Q Nov.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Heyw. Bros.                                         &.;
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1         Oct 14                                    lS16.>a4 4Jtoe                                                         4.78    4.48

                                                                                           82.44 Rio                                                  24.83            34.78      be«n:                                                                                                                                                                                                              sionals                 find       more         to       interest         them                                                                                                                                                                          FOB                                                                                           BtrCXRS BXBE.
                                                                                                           TIUB BILLS OH I/WDON.
                                                                                                                                                                                                                                                                                                    Income tax                     .,         ....        1,824,620             0,134,270                                                                                                        Wakef                          nf..,'.8i                                                                                                                                  nnrX8t!OB8.                                                              .




             l5;ooo      poLia COSTS $75.10                                                     Bankers.—^^                                    <—Commerclal.^-^                                     Blgh. Low.
                                                                                                                                                                                                                             Rul-
                                                                                                                                                                                                                             Ini
                                                                                                                                                                                                                                                                         Rol-
                                                                                                                                                                                                                                                               High. Low. In*.
                                                                                                                                                                                                                                                                                                    Mlaoellaneoos                                         2.034,695             6,083,478            around other                       posts.                                               Int. Cot.                      M.                  pf.l
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   The Anoalist every Monday publlsbae                                                                    TIM Business Page of The Mew Y«tl( j^
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Max.                     Motor,
                      PENN MUTUAL LIFE                                                ,,


                                                                                                                                                                                  1916              ..2% a                    2             1910                  1% 1     IH
                ): dlTldends reduce tbis cost aftar IM
                                                                                      80 Days.              00 Days.
                                                                                                                                       „
                                                                                                                                               (ODays.            00 Days.
                                                                                                                                                                  H.«S%           UlS                ...         j«                         1900
                                                                                                                                                                                                                                                               • •«i

                                                                                                                                                                                                                                                                  24 2.
                                                                                                                                                                                                                                                                      2            W                    Total. .^.
                                                                                                                                                                                                                                                                                                           of ord. dlsbuMe.
                                                                                                                                                                                                                                                                                                                              $3«,B43,704 $08,088338
                                                                                                                                                                                                                                                                                                                                                                                                           STOCK ^CHANGJ                                        UpSe                          Do 1st Kt                                               _                                                                          aa sKteated list of beats aad steoks hot                                                               Tlales Is iea< by boysrs antelaa lk'{


        W     (  organized 1847; assets 160 mlUloos.
             [U for specimen policy at Tourate. to-
             I A. Xekenrode. Oeo'l
                 BrookljrB.
                                            •n^rnltaa     A^U
                                                                                            K711%
                                                                                            •Plus 8-SS.
                                                                                                              I4.69H
                                                                                                                      tLes* l-t*.
                                                                                                   Olawrla* Heaa* Iftrgluw*.
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                                                                                                                                                                                                                                                                                                                                                                                                            Thomas M. Tryniski
                                                                                                                                                                                                                                                                                                                                                                                                            309 South 4th Street
                                                                                                                                                                                                                                                                                                                                                                                                            Fulton New York
                                                                                                                                                                                                                                                                                                                                                                                                            13069


                                                                                                                                                                                                                                                                                                                                                                                                            www.fultonhistory.com
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