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'V , . THE SUN, THURSDAY, OCTOBER 19, 1016. CURB STOCK PRICES GENERALLY HIGHER Wrifinir l'nppr Continues Its Ad vn nee. Making 2 1-2 Points Net. ACTIMTY IN THE MINES alee. Wait, Lew. Ltt. Cars-1 ?.u,..OT H" i-tlOl 101 101 U i 1AOn Ql.iel.1. nif ' - ., 1,111 uii ii 1 MWWrtt Pac new fat KS MS I6S 1 ILnllaied. (Sell, rent! per ehare. Odd lot. ifcj dividend. xxk rlthu. Ex dividend nil rlhta. In making nel ehnnre talet ef lui than 100 thirri are dlircf irded, except Mindird Oil lime, where a ten thare limit la uied. MONEYANDEXCHANQE. Iliir l.t'il'.'c Copppr Soils at th lliirliot Murk It Ever Wciu'hcil. Amcrl -.in Writing Taper again over- y ihtdon d eer thing else In strength and activity on the liroad street curb yesterday. The stock moved up to 84, a new tilsh record nnd a net Improve ment of 2 't point. Among the leading .hares, 'U'li I" MI'tvale Steel, United llnior .md (lerieriil Motors, the general under'' - tt'.M Irregular, though trading coi'i, . d '..i' with dealings welt ill-ver-lii I Ok! ' "i;.i Producing and Heflnlng was an e.,tly strung spot, selling nt a new h!?h riurd. but In the later transac tion! ni t of the advance wan cancelled, the M'k closing slightly higher on the dav, ."tnndaid tills were active, but l:ied without any definite market trri.J. l'i..i oil yielded 5 points net n',r t .,ntiR an (ally gain of about ! pen - ..nil-1 South l'enn moved up P ' In i' mlnlne department prices noted 1 ird higher levels, with Hlg Ledge (')ppor selling at 7i. the highest r.nrlt It iter attained. United Verde Extenrlon advniiced under a fair degree of activity. Summary: INDUSTRIALS, v., Hli-h. Low. Lart. Chr. HA'tnt Explo US US 114 .. (0 tin Iirui Synd ..J l:V 12S 12S " H IT Am Mini airs TobJ US 2 S Ct it Ant Writ Paper..! t S S IS l .llsnllc Steel.. .. 7S 7S 7S .. lioi r-Am T Co or II 20 i 4 : ut .r Chemical 1 4S . nrrwh Jlldtolit 72S 72 F Oil I'ickin? forpt 37i, JS ;t.. ii Shipb iildmr t lit US l, ( ir U l'owtr t a-iC-.ir Ir Cn ot Am 7S 7 ir Ir Co ot A pf x 7S 7S 1 C'.etroin Motor.. 1S 1 Cf.tieron Phono , f kS 7ii:artr Mot Car I ;'i 7S i- r . iwf i sv. - T n; uar . 7J 77 . '' -'irr :i Co- pf t N 1 t, .1, Wm tv t J ; . ii' n An T.in)i C I W) l ' . . Mi or I tto) la lt- l.i i M ! -.f w I 1 W MS . . t Mot if Cur k'i S n,x, inli:..i'-i.i !u 7H 70 l'i l ,ker A II C Co (IS 1H lfp ' iii Susnr i: r: y. n 'r s n.it Corp 4sS ' :i II llv mis i rp pf i 47S I iiu.. '. u I'lmii : iS as -. t ii I'urii i hswr X S 7-1 p M M S I' :i 51 .1 i II S. m tt W 47 1- k.Uijr n-.d i? 57 : l -t 'li.' T It. 1 f-' I k Turp llnnt t IIS II 1i 1 -twn limine. It 10 II-Mv. i M'iJittluli: S S .i i '.f Am .. 3S 3S r " ' r t tf M W 1 I t . ' v t rlfn. ill ! i i i i: 1. 1. . i 19S 7' Sfod . : f.7 ocs , M. wh'li . 117 M II r fclin-iii. . 67 C3S 1 lit" ! i . t icr t KS SI rs S - i c .tii w i.t it 10 n ! il..tp...i :s :s :s .. .1 l or pf 1 i 4!, 5 7 M..I.T Tr .; M 1 1. f It A II... 6 i tS S II Corp...: S7 MS 67 -rl . 1 x A tl t i .. ' Ac Terr- I'f I'S MI4 10S i.. i Id II r. K ! ns IS til ' 3 S 3'i S Ij I J 1 Itti 19 S ; - t .-tr. ii i: 4:u s 1' ' , t up t iii sa 3i'? .. ' " .I ' .ruril i H MS U - ' i.t . ii cnrpi :u :s :i .. n.liip (' 7 6', 7 . ' I t ,i ,t. t 7S MS MM U i Tim cairn J 3.t J7 1 1 i tl .. ,s I'nrp: M tJH tuS S i ! Slur ..15 1 S S .. 1 ' I'mMtlr 4 Its 17S l'i i " -t l'lftne pf. 7 41 41 41 4 5 t. t,.t(,r Co i: Kl S7 v u' , i'tt rtf, in is IS .. 1 l.mitii Co.: 4S S 41 S OILS. :' i a Sleiial "el 171 173 I . I'll Mne.SU K7 1' i Oh ii or Co. : -' P .tlt' I'ljii' l.llie K V - P-im (I Cn IS tr. mi i'o. x J,.!' : 1 i Tm.li I.lnt- yi 1 lln-.rlt II A ll t SS l"-1 I iwl.ll A Cn, O I! KS f- ' -1m, 11,1 A (l.t 1SS J- i ' . ' Ml IIII ( in " m ml. f V-ivkotec 6S A IT''' l 'i"t Oil .... t 41 42 44 !! M ! O pf.. t fi W (' M tro lVtrol 14 II 14 ' r; X V-Oklt Oil... J 1 l (I " ir fixniora Tt l N i I'-' oi.: i Oil ts'i: los 11 I.' nic-i Oil rf . t ft S 4 A IP i iii i l' A It II 10S 10S S !' "Mi ir o it r, ...t K 60 1 !!. ilri Hef JS SS SS .. ' ' .try (i.l us i;s 1SS i f -i jniah o At K 1S IS IS S i!nr OI . ,.J l(, 43S 4SS S ! T. , V y () , ,,r J ; ,. ih V Cn i nr U 1" 42 1 ' l H A fi n JL tl t: v .1 ir.i oil .. .! u is i. i Sj S s - s -1 -s l : s t -l 1S 41 20 4 72 37 S KS 4 7S 7S Ml S 7S S 79 3S os ) 157 MS S 70 .OS t: us 7S s s 21 M 17 19S US 10 U 3S II lt4 MS MS U 67 l-l t Hlih. October II 3 OoioPer 17 4 Oct. tn dste..,. 4 tear to dale... ( Week ended! 0t 22. 1015.. J Oct. :j, 1911.. J Oct 21. 191,, 3S CAM, MONEY, U..I. II. l.ow. Ll. inir. nel. 2S :s 2 IS IS SS 2S IS 3 :S 2S1H 2 U. 1 6 IS ILLINOIS CENTRAL PUT AT 6 PER CENT. Increased Dividend Indicates Directors Expect Prosperity to Continue. Tltft M n v t' ' i.. 1 1 . . . i B "tw..r,i .liarnri null nu un iiitniiru. Sixty dsys. lvii; nlnetr days. JSliJSt: four nioiiih.. IS.1S: fits months, Js 3S: n month, iStflSt. The rante In eek endl October . 115. was from rsi for silly days to SlUSt for lx months; ranee In werk ended Oetober 2), I'll, from cussii for Mxly tlat to lliS'"o for six months; rane In week ended Octolier 24. 1J1J, Jrom (SVH.Ti for sixty days to 4 lor elx monihs. COMMKHCIAL. I'APEn-Trsdlnx light and rales unchanred tt IS1 for prime four to lx monthi tillla and jV.i', for ordinary aood '"" I-aiter rate was still larrcly pom. ,. ome rt" prime psper taken ... 'f' Accptsncea aluo were In soim "S'.T!X' erei :s:S lor 31 data; S'fJS for 0 diyr tnd 2 .6 tor days ltidortd bills receivable, If ellsiMe Itllii r.y,l'Plirt ' fwleral Heaerve Hank lliellslbe billa ruled from M to s of la ilftier in reverse order of malurlly. NEW YOHK HANK CI.KAIllNdX. mTL'1 'nl'.l"" of bualmaa trantacted In or iU 1 1 ork on Tu.sdsy la Indu-aled U) Hie f,it that hank clearlnsa reported ?...,:rirdi'..!'y "" N,w York Clesrlnz lloiia. tola led I.I2.40.M!. These duly retires Ink sinlllcane unle. eonipirert ullli the djlly r.ies In the corresponding periods ol former years New York, the flnsnclsl cen. ,Sl K." frt." .morf. or sccuralrly hulnta f? ni.ncul rondltlona throiuhout the coun- T? o,mpitrlana will h. found even HBi'-yA"" ,""'n foosidered In conneo 'bo luminary of railroad earnlima published under "Itailroid Nea." DAIf.V AVKKA(1K!. J.in 1 n.i I In dale In dale. ica. o.'.Jli tCAU'.V WALL STREET SUHPIUSEI) Knllrond Is First Independent to Ilnlse T?nte Since the War Pepran. ii... 1913... 11(... 1913... till... I'll... 114. .. 1911.. 2J.o:..f.)l 313.lK.il7: June. i:.t:s.M4 JM.K8.213 r01.4i.M3 311,391,111 ..-.ii "io si i JJi.IKI.0t9 July IU7.SIK.M7 Ul.(34.9t3 314,UI.2V 301.7r.6M SeiitemluT It7t.237,'.i 37u.SI7.541 ll,l!l.!'37 :t9.43ii.Ct AlKimt I439.M9.1IO I2S.:61.I6i lle.ti.i.n:: :u.3).k' M 90. Note 3S 4 5 4 4 I 4 4 4S 4S 4t, ( 4 4 R 4 4 41, 4 4 4S 4 4 r. 4 IS t 4S S 6 4 4 4S 4 4S 5S dock paper nm- Tlal . nu ..n.iN.1 ...i...i.. u. ... iitniiim V t "in U J " T. B Hl.lOI,H., The Sub-Treasury wss creditor to the Clear. Ini House to the extent of I71M90. Federal "'serre Bank debit balance. 1.40.4. Hanks loat to the Sub-Treasury I5.tei.000: lost since Frldsy, 2.46.000. DISCOUNT RATEN OF FEDERAL RE 8EKVE IIANKia. Days of Maturtty. Commercial 1 to 11 to 31 to 1 to See i-aper. id. io. "oton t 1 ,, New York . 3 Philadelphia Cleveland 4 Atlanta Richmond Chli-nso SI. Louis Minneapolis Kanat City Dallas San KrsncU.-o ... 3 Note Atr'ctllliiral nnd llvi FOB El (IX EXC1IANOE. llulles and Auntrtan kronen declined harplr yeiierday. n-ionrltiir only amall Irac. lions before the clou-. The HUMlan decline was attributed to .peculation In coniititlon with reimrtel military etenta. but the Au Irian to; - was laid tn efforts made by icrlnln banks to ili.pov of aome drafts they have hern holdmr for tone time In hope ol a belter market The artificial character of the market for French and llrlllah remittance, mas ataln ilemni-ttrsleil by the small amount of actual huiln.aa transacted, lluu-h lull.irr. stiffened from II to 4lr -enta for cables, checka holdtmr firm at 4H Scandinavian rates Irresulsr In the follnlnr table-, when the '-de-mnd." "airht" or "check" rale Is ipioted In United Statu currency It Is stld tn 'favor" this country If less than par, bill when quoted In forelsn currency It It aild to be "aralnit" this country If less than par. For the convenient of readers ,uch rates are marked "F" when In favor of and "A" when axalntt this country. Directors of the Illinois Central Hall- mud at their Chlcniro meeting yesterday Incressed the dividend rate from 8 per cent, to 6 per cent, and declared the dividend payable quarterly Instead of ' eotnl-anmiatly, as heretofore. This action enmo ns a surprise to Wall Street. I The advance n-as taken ns an expression "f confidence on the part of the direc tors! that nt least a substantial part of I the earnings of the Inst elithtecn months . ' will he permanent. Charles A. Peahody, John O. Shedd and William A. Harrt- eon, whose terms expired, were reelected to the boird. Illinois Central Is the first Independent j ri'.lrond to Increase Its, dividend rate 1 sliioo the beginning of the war. Sumo 'f the subsidiaries nf thi JjVw York (Vtilnil and llio I'eniisvlfnnl.i systeniM nnd nthcr roiitrnlli'd lines hnvc effected Inrreaees, proiiWm-tit atuong them liclnir .NVrfolk nnd Wt-stcrn nnd Louisville and Xnshvlllc. The former, controlled bv the I'enn- rylvanla Itallroad, Increased Its rate last April from fl per cent, to 7 per cent Louisville, nd Nashville, controlled by the Atlantic Coast Line through etock ownership, restored Its dividend rate to 7 per cent, after It had been reduced to per cent. In December, 19H. Union Taelflo Hallway owns some I!5.fi00,000 of the capital stock of Illinois Central, but thla la only about 20 per cent, of the total outstanding, Illinois Central la't fiscal year earned a Hiirpliw for Its 1100,29(1, Otiu capital stock equivalent to 10.8 per cent., com pared with fi 29 per cent. In 1915 and 7 40 per cent. In 19H. In both theo latter years dividends of 6 per cent Executor Trustee Chartered 1822 The Farmers' Loan and Trust Company Nos, 16, 18, 20 & 22 William Street Branch Office, 475 Fifth Avenue New York LONDON, 15 Oockspur Be., 8. W,, 26 Old Broad 8t, E. a PABIS, 41 BonleTMil Haunimann. BERLIN, 56 Untor den Linden, N. W, 7 Travelers' Letters of Credit. Foreign Exchange. Administrator Guardian x $250,000 Chicago Great Western R. R. Co. First Mortgage 4 Gold Bonds Pccurril liy a first Urn on 1, 0.1ft miles of road at the low rate of sl.AOO per mile. The reproduction value of the property Is In execs of lOOIKKl tier fnllc. Interest requirements of this Issiin earned three timet over In fiscal jcar l'Jlll and an uviraKO of twice over for last svtrn tears. Price on Application Yielding About 5 Plympton, Gardiner & Co. IiXCHANGH PL., COH. WILLIAM ST. NEW YORK 3i'i 297 412 M7 92 3S" 16 13 ....:l IS II 1S115 HM II IIS 3-11 1-15 171 229 ,T7 l ili 6.) 94 2S 16S S 5 J 40 -1 - s - s - s 1 - s -A I IS s 's1 "ar.uf.d o a ;.. ti MIXING. Ilr Co M, u pr t ITS 1 'lit W . .... t, t --I.1 t Cp fj . i'o,t,r .t l - I.'.e C Co 7S I 1 it Mont . SI ' 1 Uvi it fa. 7S is Mnn .. ss ii-u. Ci.p .. LS : i tto ' ' l'i ii a pr t 7 ' ' "t .v Jim . 2S 1 i 4 1 c .piKT . . : ' A i Mil 1 II -tl,!.- . J n iv.n (ii.ld. -' I I up Ml .. 1 -n llr.i-rw . '' U S II 4 II I..lk . . t (VI ' i ti- c a pr. 2U 1 i J ftr . tt 2I ' ' Nut I up . . 4S -M l on, M I M c, B ,,r.j rj ' ' "ill ..... l:i 'mi Min . ..: is ' i 1 ii M . Oil n Ml dl.c ... 6S .- 'lint . . .'.S 1 I l-i-r . 1 r.7 ! Iad t II s ' 'P. a pr . IS l-i ,-o:n t l.ti u pr V' r. pr . . r I . . ... - .,'IH I'lMi, 11 M ii. ne . - In ' . a 1 ,,,,( r I. tl I'll i liar f Am . , 2 ' riii.if.irn j :i ' s It. r. . . 3V M 91 ' r I .If . , ( .13 Mini-.. 71 t ii it m i o. us -.' M Cn ... H it ini.. ,t n ' 1 1 il. tt 6.1 l -Hi I 'upt b'l ' ' P plus 2S thnliii: It ?S ' 3', ' ' - . t tn 1 . 19 1.1 lnv.-l IS " .. . i,i- It S - u.-i I iad. II, tl i.iiil- 1 37 rililt 3S ' i pf t l) ' I'tl x 4S I" - in . 3S ' tl tic (j 91, Ktl U 3'JS tl, Ci, t, ' i Mui Co t 40 " Mm t 4S i' ( ona S IS A la ct fa,, 49 1IONDS. J"("on Arli Sm It.. 41 .t i'o new et tlOJS i Flu Ca 1 SIS rs s HI 't IS r.S M 7H 2 IH 'It 6S !S (V) 47 II l?V CS SS Wl n i: i. 7S 76 7S s CS w 7H 2S 2 Ml 2 S s tl1 u r. BRITISH. (Par II tees.) Oct 1, ' Demand iFl. Cablet . Prer Clo.e dov 4 75S I.75S 4 76,1, 4.76,', trnrk for praaetloa ef betttr tfrlcoltortl fa. rllltlet. NAT10XAI, REFINTNO CO.-Rta Sect a red lira dividend of 1WT, on common ttock tnd piarterly of IS, both ptyable Nov. IS to holdera ef record Nor. 1. NASI! MOTOHS CO. Heel a red Initial ar. terly dividend of 11.75 a antra on pfd. stack, I arable Nor. I to stock of record Oct. 2. f tit : pork, 171 bbla. ; best, til bbls. I bawma, t5,7M IU. i hama. 101,111 lbt. I lartL 7H.K4 lbs. i eheete, 1,0.000 lbt.; cottonteed oil, t,!95 lbt. ; lulirlrttlnx oil, Zlt.tSl fait. FAItSOX, HON tt CO. Awarded MM, tot city of Hyrtcuie, N. Y., bondt, matnrlnf rlally 1 to 20 rt. MCCIIAMC8 A MKT A IS NATIONAL BANK These nine dlrectnra htrt reilcned to com. pit wnn prnTi.ions nr t ityton sen r. tv. I'KNN.MAIIY'WTKKI, CO.- Ann.m.iced that It ft "'g 'j ' V'mler Eui'ni Deline lienVV .III b.,1.,1 t-o .arte jteil pier. t .rr-.-a ii",-, C II, L ffelJe,. K A 'itkefe'.T? Point. M,t. They ate Intended to forni liart.r Un 5blni E ,, '9n0 M 0 wlIlon. UVTJaX fwllM, ll!2!!3 JM.:T..O..,il .TAN Tl.VST CO-A. A. ..Pw.ter front nf ihlpbulMIM pUnl. n r,J"V J '.' r"tl h. e re.lriS HAS CO -lias derlare.1 ,,, jh1 x Tvn.t Jf ,..tr4 ,0 b0,rd. (ll'AKI-ll (111. A llVUIenil OI P'J''' '."' NATHIVAI. P.IIIK IIANK-iir,,.. Ilelmnnl were paid, In 1913, when the railroad , V.W vurto l.a.l dividend paid I.OWi. '"IJL "LPC, f-.tinrii ii.ij jifi ceiu. . j ii 11- v.iill.ll eii.ve., I m.' B per rent, was paid. That rale was a ! HAf oil. A OAS CO Chartered in Okla re, lie ion from he 7 per rent, .llv.dend ; tn' ,o"ra,orV: JoV liiford OS paid In 1912 and In the seven preceding ,,y , Mai Kaii V"r. at rm'q. surl-WIPl.tl STF.F.L A IKON CO - PLEAS MADE FOR NEW HAVEN. t.r jmepti II, Oilier, pret. of Ollrer Chilled Pliiw Cn. 'i:w YOHK TttrST CO.-Alfred A. Cook and licorice IiotiMi-itay hare been elected dt reitnra, auiwillni (ieo. W. Ferklna and Jot r, iitaiv, roiinm. Hta recttetl orders frisn Allies for PO."" ! WIIAMW TEt.M NATtOATtnV ro -on. ha.ic PI. iron at III ton. ll.tmln.ham HTln T.Uw'?i to e.Try oJ'bJIlnMf'of mmedllli) delivery TANIIAUII yilll'liril.DINO CO -Control eported to htv ps.s.d Into hands of Joae Msrimon, pre. of lltiuo K.paiiol, Havana. Company has IJ.i0ai capital .lock TF.MPI.AU MOTOR COKI'. -Ctiartered In I)eaare to minnlsrture nnd .Hfmotor utiKUs. uapnn hock, li.vu.vi. an N, Y SlIII'llflLOINfl CO.-Net fe . n.l. in. ll 11 isi (no. ennlralent IO 'jinil m.innfiirtiiplnir rnncenia filed briefs Inn e.inllal alni-U Comnan, ha. alien! about with the Itit. rHt.itu commerce rommls- . unn, te,r ou. .. -. . . ,b..dl.. without any reeettlon In quota ..nn tii.ilav urelni? lent Ilie Mff liaven ! . ' . . Ilolla. noseter Ileeemher metal was arall ' . - : . . . i. pen ti ai i ai csnaciir mr in 1 . - .. . . -. , nershlp I j nn,r in tmsu iois ai b, cenit a pounn. anil i i -nuwitr iir.i.ery oiu m as cenia r or mi- -MINING NEWS. ae-ond Quarter of next year aellera aakeil . from 27S to 27S centt a bound. Dtmcnitiat Trnde lloillre and .Mnnnfnrlnrera Vrite lletenllon of llnnt. Wasiiinotus. Oct. IS. The New Haven railroad and the lloston and I'nivlilenco Chamber of Commerce and pprnxlmately eighty large New I'ng- l,l)Min r. and .(rnta. Capital ttork. 12,000. i"i incn"rainra, j. i:. ttrrutuB, Alary tv Feri;uoii, C. J, 1'rrrnaon. METAL MARKETS. The volume of bualne.t belnr conducted by copper lnlrre.lt continue! I arte, but the un preieitenled buylnx movement which ttarted last Auru.t haa reacheil lit crest and It now I .lie iifin i ruie leiiric eAjs; imcuiliva AHMF.EK MINISO CO Sept production In retting coke ahlpmentt. due to car ami r.Jvi9'.5 lbs ! 9 monlha. If.Stt.iis lbs. mine labor shortafea. have forced a number b permitted to continue stock ot and neric of the New Lngland Steam-1 lii Cnmpany and other Long Island Sound ytenmer llm-s. TIih New llaten's brief sets forth thati Hie trailiortatlon need of New Lng land Jiltfy the nrni'i,..,,,, tt , K. I Ww Kngland maiuifactiirera say that , ARKANSAS 1 11 "' ;,umSf" , inlnl to an Irrecular thourh hltbtr Iron while they have differed bitterly on -"V' 'h ' itticr transportation questions, they are , (Iirs4n A Hiilay Co . and will 1 offered to a practical unit In favor of the road's , nubile iirT-rr a sfPEltlon corrr.n co un ouerntlon d'cwitte the I AI.T.Ot'EZ MININO CO -Sept, productloa of furiiaee to bank al Interval!, and thare opcriiium uiri'ii" i I . - monlh, .(l)l;i ib, by deatroyin their efficiency and the quality I'a.ujnin Canal act. The , .1 . amn'!lV, ' j" 'nar. i.ani "'. Production. The. conditions all retention of the Sound lines." Oct. i, Demand IFl. Cables .... - S - rt 3 4-3 IS : a . if, 4x i n is 47 10 IS s OS s so 1 2S S .it. bt 4t 19 IS 0 CS f,i 13V. I'. 1 !t-l ITS US 1, t 61 2 u 3 i A t 4S .. to ., 10 ,. is i-i 17Vi S IS 1 ll-K .. CO 60 1 as : 91 .11 71 IIS M 61 2S IS ;s 92 31 69 ? 44 62 H 46 ir 1 t. :S 3', h 19 Si S PI IS f.6 1 79 t 3S SS 17 ( IS 47U 41 in NK a?1 19 IS ? JS M Ol IS 9 J'lS 3S 40 4S IS 49 47 a tl -1 W - s s s 1 lllsb. Low 4.75S 4 75S 4 76,-, 4 7A TIMF. PII.LS ON LONDON. flmkeri. Commercial l days 4.71S 1 61 dayt 4 70S 90 day. 4 r?t, M dara . .. 4 so, RAN3ES OF DEMAND RATES October 1 to dale 4 7IS!ll.7.tf January 1 to date 4.73Sfll.7t I.aat half 1911 4 : frl 7JS Firtt half li: I75s(itjs Vear 1911 4 SIS8 Year 19U 4 SH Ul 91 FRENCH. (Par t lis franca ) Prer Oct 1. H!jh. Iiw Clo.e e'o Demand (Fl. ..SKS 6 IS ft MS 6 'I1. Cablea . . .. S '3S f. 3S f..(5S t -S RANGES OF DEMAND HATES October 1 to date I.U JS US January t to date e.''; til t: Y'ear 19:5 I 0.1 4iMS Year 1911 S 20S U I 60 Year 1913 C 71 l-uoi.l 21-32 (EliMAN. (Par 91 2t centt ) Pr., Hlfh. Iiw, Close. clo-e 7dS 70S 7"S ' 70S 70S 70S 70S RANGES OF DEMAND RATES. October 1 to due C9SH7HS January 1 to date FH,ti77S Year 19tS 76 1iv Year 1911 f:.;ii97 Year 1913 9 1 All ..'.' BATES ON OTHER COl'NTHIES. Yeaterday lYev. Cablea. Demand. Dininn I Itolland-GulMers (A) Ilr. Italr Lire 1F1 ... 6 ls Rua.ia-Hublrt (Fi . 3t.Hi Auairla-Kronen (Fl. 12 (ii Oreei-e lirn-hma -III Spaln-l'esita. (AI ..21.20 Denmark-Kronen Ai 27 11 Sweden Kroner (Ai :'t 10 Norway Kroner iA) 27 7.1 si-Francs Fi .. S.."7S nraril -Mllreia (ri....:it Arffenltiiat ISper 1 urreney (AI 12 (lold IAI I "J2 India-Rupee (AI Japan: Yokohama Yen (A) 51 Chin 1 : ltonikoni iJ r.2ro r.:o rfhaimha! 76.'i 75.00 7S 00 Anpiosimate pantlea of above are: Hol land, ,i cent.; Italy, Oreeco nnd Suitzir Und, 5.HS lire, drachma and franc, reepic ively; Rua.la, 51 IS rMila; Auatrla, 2) :r cents: Iienmarlt. Sweden and Norway. 26 l-i cents: llraail, J2.ll renta; Arentlnj. p.-qicr. 42 11 centa: Aryriitlni, anld. I 0 c peio.; In dia, S2 II isMHe: Japan, (9. (enta. DOMESTIC EXCHANOE-llo.ton, par: Chi cato, 5o. illainunt; St. IjuIs. 10'il.V ill., (omit: San Franritco. 10c. premium: M011. treat, par; Cincinnati, par SILVER I'HICES. Met New Y ork. London. .lot October U 7'.C .12Ad 62t.c Oilober 17 7t',t4 j.Yt si,e Of tidier 16 Se t:,"!!! 52Sc October 11 6!n- :jsd 6.'Sc ij-torer n ii.'.c a.111 l.c Odober 11 CIS" 32Sd S:c Oitober 10 6;s S: ftd C2o AveriiKe Iirli-e of nlver in New York In Oilober. I5U, was 19 So an untice; Oetulier, llll, iiC'ic; Oitober, 1913. 60.79c; October. 1912, 63,47c i Oilober. 1911, K.JIc, ("II 10(1 6 I'll, 6 4, 2l.ri5 Jl.w 12W 12 0.1 i us r,.ns :o is ro n 17 10 ; 25 i'.2.i :t 1.1 27 70 27 70 1 2s -i :S 23(9 S LSI 43 M 4.1 10 10.M lu-6 s.-s MS M'i DIVIDENDS. ftock of Pay. Hecord. abls. Kellnrg Switchboard Co., q. 2". Oct. 27 Oct. II I'uclllo Power & LlKlit pf, q, l','r ..Oct. 20 Nor. 1 Am. Window (lla.s Math. pf, I SI Oct. J7 Nov, I Lnitell Llic, l.t. Corp., q, 12,50 Oct. 10 Nov, 1 1'orl In ml (las A I.'loc. pf, 1S Oct. 19 Nov, 1 I'uclllc Power A Llitht pr, li Oct. 10 Nov, 1 Illinois Cintrnl. o Nov. 9 Dec. 1 (Miles Hirvlce Co, m, St. Nov, 15 Dec, 1 Cities Hertlce Co., Block, IS Nov. II Das. Cities Harvlce Co , pf, m, S . , , . .Nov, II Dac Indlanapolla Telephone Co., i.f n IUe. Ool. 10 Km Iliii'HnK 1't pf. q. lr'e Nov, 21 Dec, 14 lirle A Mlrlllxan MlV. CO., extra, 20H ,. Hume oil Co., m., IT, ....Kov, National Keflnlnir Co., q, 1 S Nov, 1 National luflnlrr -0., estra, 1S Not, t Quaker Oil A .laa Co., 700f. . Pnlnmhlai Trust nf rtoatan. a. a., ISW Oet, II Nr. 1 Nov. 10 Nor, II Nev. It nrrrtio, rociikstiir a viTTSFinto- I'UHiri. fur .rinnd ii-ii nf ,-t.i .-t nrn. earn i.i. f7 61' Inc 121.210 . from J .1) 1 l.2i.K.1. ,- t.-.-OIK. C.tNAUlAV NOIITIIEPN I!e.t fur Ms-iind k .f iict.iM-r. irr.. enrniiiira i.i..ii. inc I output for 1st hnlf Oct tndlcilea monthlt tiroilui'llon of 'i.i tons of ore. compare.! with r.'.l.f Ion. In Sepl ; I.. ''O Ions conc.11 lenle. ninwared Willi 1' "0 In ept and In a conaiderable rietree by the adranctnr tince., nui me nemanq for export remains active The ixport demand for Iron by lta onttnulnir lir.e volume haa proved tkat It l a factor that the domeatie market mu.t reckon with ontantly Shipments of tteel are acvln on ,t tremendo'it tcaile. New de mind from all quarter! keep, the market full eill'Ml'T A tlF.Ct.A MININO CO Sept. '.. h,.i Inlr l tllisl) li.e l ir.l Sim tirmliullon. I.2f,7.4l7 lbs I '. monllia, ... 191 l CANADIAN PACIFIC llet.rrts for .econd lbs wnl, of Ii, tnlr rn... eanilnjs lt.mi.f. ,- i CENTENNIAL COPPER MIMn (.J' ;,...! fr. jnr j h;,j:i.im inc. io.7;.,si --ept priluitloii. WAOO lb. : 9 monlha l.t.'.- CIIK-lAPEAKK A OHIO -H porta for s-c .4. IPs on I wrek of October froa. eirnlnvs nw V" R tVIIY CONSOLIDATED .mim.h. inc I75.9I7. from July 1 IH.1I9AII, Inc. Mi:i.TIN(. A IIIWKII I" -r-ept lliinaj II.. iopier. eiininie.i .in, H i. ,10 lb. ilnc compared with K.IW.Oiti1 m n, j irCP tniiuiriea Heavy car order awarded I previous month durtinr Ibe week, with the Inaultle. stilt oien 1 .now mn ii, mir win ne ine iarcei monin nf ibe pe.,nt etr In thla line The over Hhrimuv umisniia for amp ateei: Iioth at home and abroad, are Inereaalnr prlcea alesd lly and buiers are aatlafled lo take whatever deliwrlrs are offered, no matter how far dia CIIICAfin (IIM'AT WESTERS" - Plvmpdui. ' Hanlmrr A Co an- nfferliiz liMmiO of tlr.t niittirai.-e I t.-r ii i,l t.'itd. ut a price In ii.11 aUnit 5 Hr m, Tl.e.e I nd are a nr.t Hi n on m it 1,C1 nilli". ef l!n. en which tln-y ure I'lil.tatnlliik- at Un' rule ef f 24.51 n mile. ', DENVER A lll OIIANDi:--Ili-pnrts f..r ee. i ,nd weel. i,f (ictlMr. cri,. enrnlnea 1.176. 7 .1. 1 ec Jll. frmii Jul) I I7.W 49i, Inc. IlH.'i MISSOFItl. KA.N-J.tS A Ti:XAS-ltel.rt fur , .riiind Meik uf (litider irro.a earillllk-a t.in.',, 1 II73.6.S9: frum July 1 Ill.2t9.ci9. Inc i 12.220. v07. S'dlirnt.K SOI'TltEIIN- Tor flacal year nihil June 3'1. 1916, earned aiirplua after all hartea waa I3irt.l26, compared with a ileflct f llt'.i.m In 1913. and IJ26.21 In 1914 lirnna rriillis were II S3' (Us. M'c tT?!.!1"! ; net ifler taxrt II.Ii'A.mi. inc. I'I7,142: total Income 11,713.251. Inc J6X011, EKAHISiS CO Henry C. Frlrk haa reslrned na a dltictor C E Dllkea waa elei-te,1 hie m-ei-eeoi- Mr I rn k reaiirin.t reinilly as ill "Cpir nf l'litbi'b-lpi!a A Ren, line Railway and lli-tiillni: I'hmI A Ireti ii,up,il,le ST LOl'M S"rTIIt'ETi:RN-lteiorta for iciuid iti-i k uf (ii-tuUr trua i-uriili.k'a I1S7.0..1. ne .n..i, VIRUINIA A SOI'TH WESTERN- Fur fl.cal ,ear ended Jlllie 30, 1916 inriied balalice after chaitia ..ini rn lent tn It IVe mi .'nli.) mini, fl-oliip.tT.-il with S T2CJ en .utile etuik lat .tllir lirn.a larnllnra ,n' II 9VJ.7ii3, Inc 1 1 60, in iM lifter lutes 1112212, Inc 112.171. other lln-nil.il 1211 ."1. lie 162,'JUI. tnllll lIH-nine 561. tZ. llic lit (3.1 balanci- after rharzes J2,0t9, Inc. fl22.4-"-'' tt'ESTERS" MAIIYI, tNI) - tnnual n-iirt for tear i ndiil June 30. 1116. fhnwa larur.t CP'.s arttliii;. In cninian)- a iii.tnri Ihi- annnmii-,1 In llu.O.tn.W'i, Inc I2,2i,9i His rating n pi ii.e. were ki pt well in Mini (iperaiiiitr in I.ill '!. 11' Anan.i (It the total I.ini it were nm I'hu-nlx from Anvox and I 2."'.' W9 lbs 1I E RiH tl.E I'dl'I'Elt CO - Sept pp-liie Hen 1.01,1.73 11.. , 9 IM'l.tha 9.226.221 ln KIM ICR V MIl.VAY COKI". CU.-llaa pur taut DOMESTIC PRICKS, Oct. II Bid Aakrd tl.e,d spot ... 7 00 7 10 'M'flt E S L. spot. . . Spelt K S L. Mar tTlll. atiot lAiillmnny ... . isoo ..6.1 W (,;., I.U Sand. C. f. to al-ut 3,000 iWiC'J.H1.'? acres of Elkhnrn cuiiii! cnai j-, jj . XF,-,1 l.t SM.I.E COPPER CO -Sept. production ,,llf rnI1' f. . j(F 2SM 19,260 ll a . V inolilli 9".I.IJ H'a. ron plain, No 2 20 ro OI 11 IKIMISIOS- 1IIMMI CO Sept output lif iriin. te.lo 20 a 011 ti lb., inmpan.l with 3.6ft),ixJ In pre rie. Iron iPittal . . .. vli.n. inenlh and 3 Ij2.1.1 111 JIH. Ii""' nilieis ll-llisi 9 62S 9i;s 41.00 13'-,) 66 10 l-oo) 22 00 21 "1 20T.1 -n "6 23 91 41 (.1 Oct. 17 Hid Aakej 7.00 7 in . . 6S 37S 41 00 13 50 66 no noo 22(10 1100 65 M 21 00 20 10 DOO 20 25 20 50 20 75 13 95 45 i iill and easy IMar ........... .(ivuiii in tTfii MIS'lSiI CO IMntkei firm 'Market du IISCKII.A ( ONSf I U'A.n.li Jli: 1';''.: kit .lull l(irk-l nominal ,t,t ppaluctl-m l..iM. ins. 11 ii.-ii' -." tt,, American Smeltlnr and Reflntry Com "d" II". . ., pan. iiuotes ;) for New York delivery: eriirntrm COPPER CO -Sept. production c ;t, or r, s, tnuii .lellrerv. ... .. . A .,. ..ft II. . 72o,i.2 ii'.., v m'Miiii. ".wi.."' T tM t RACK MINIS'! CO -Sept. production 512.666 Ilia . mullllis 4.!ls,l'4 lit. WHITE PINE COPPER CO -Sept. prodoc tlen 3S,577 lbs., 9 months 3.2.0.112 lla. PUBLIC UTILITY NEWS. Ol.n METALS. (Centa a Pound) Copper Larfe p.alera To Con. timer. llT rnt A eru....24 5,1!t2S OA 5 00 Sit 25 ii. y a wire 2seifl2i50 1.(1 A bottom. .. 19Wfli.M Il.y mchy co.nb. !ft)IH.50 lira... heavy l3(VeiflS50 lira... light 10 5Mfl0 7l 24 7tff25.0O 2 oo?i:: so 13 MU11 71 HIAiflfO tl"l"-i . . . . , P . .A .r for twelve nion-.tt. enoe.i r-iu t. -"''"' einiltaleiit 10 27ei on common ttotk, atalnat .2 '"r In jirec-dlnt- ear. COMMONWEALTH POWER. UT A LT Mil innallttii'tit riunpanlea retmrl irn.i earn mta for iwi-l.e monlh. t-pilt-d S'td aa ii, 7i- inn 11 "V: ret HWD1, Hie II f, : iidani-c -tfii-r ch-ir.-e. and dividend" on tie. .'I'.'l Hllll. Ill ...1 .1,11! SI 1..,.,. llll- V- I T ...,. . XI. (72.112. trues liicnii,!' T ..... , . n,i common stock (Iroaa fur I3..JI ".!,'. me 11.17.129 For flrn time .mui muniH.e 11,(31,201, Inc. ISCJ: net I7W.'- Hlinwiil atirplni niliT all cnarcia. j n(, i-i,ej ,c,T'rcoSni'.k..n,;d';dr.o, ! .:..:...iissi.s ii ;wV ?5J Si Se.ber, 1 4a ji? z i ss.va' tm t "' . 'fs.'Ps.:l.Ti,,n.,Ve 'nfeddlrtUtiiUn'red by . I.rft d eater a: price, under "In I ennntm.ri" sr. Iet nMlntrs mirb.l MtiAle. linn, lo ton.umer. I'.u i,n,l'iii,i ii,il,.ii:int lnli ii-.l en fir, nonMO ,i. nf isw 6n.l. wllib iinii,ri wild ibfli-ll nf fi"7.1i0j In 1V1.I. IJ,715.66i In 1911 ann IIH.9,1 111 1114 Illpnrla I'M ni'llilnl tieek nr lifinner xrn.a tarnlliL's 1265. tit. Inc. 13,616.693. Inc 5li,vni. I5J.: from July 1 INDUSTRIAL NEWS. AMERICAN WINDOW OLASS MACHINE ('(1 - lias ileclaled a dividend nf 12SC4 "n pre firied aliHk, rallni( Pdal paid thla year In MSr! Hl.l'lenda lu arreaia have Ucn riiluccd in in itosTON woven hose A nrniir.it co - , cn llnl.iiiie H.eet aa nr M-pi 1. aiiriuiia ami fruar i antic, l,2?i.HC, rmnpan-il with 11, 'M, 111 tame time In l'.'l.", 1 IIIIWER ROLLER 1IF.RINC. CO Declared quarterly dltldend of i.'.ej., and directors rerom nu n, I, 'I that aliH-k dl.ldrii'l of l' l' ap rnted by atncklintiliMa at .lull inn Hint. CENTRAL HKIS" A STEEL CO - Fnllnwlng nlllcera and dlri-elnrs ha.e l-een named to take fliarui. ef ci'lnpanv nn diei-lmrire nf recelrer; II II, Irona, prta : 1' J Hall, v. p : I.. II Perry, sec, mid Iri'a : llward llalley, C L. Itnllcv. Jr , .1 M Cnliif run, Donald Mc I'oriulik, 11 II MiCermlili, dlrectnra. CLINClll'IELD MTU CO -Haa Inereaaed eapltalUatl'iti fmni !no,(iiV) to tl,200,nno to nname additional mill at Martnn, N. ('. Ilulld. Inc will coat IPVi.OHO and equipment about ICAOiiO. COMMONWEALTH EDISON CO.-New atoek amniintln? tn !l.rt:!.!el In la laaued aa of Feb 1, 1917, In alia kin, lib ra at par, la In defray mat uf onmpatiy'a prncrammu of t-itcii.lnti lavue ..III Inc outataiidlnx capital almk by H CONTINENTAL IIEI'ININII CO.-Flled notice In Okliitinuiii of capital stink Inc. fruin 75,UoO In 1 . .). COLORADO F17EL A IRON CO.-J, W. Writer, see. treat, elided a dlrettiir. Retlrlmi illriclora were reelected and they reelecteil all nffliiM. i FLINT RIVER COTI'ON MILLS CO -Award ol cmiliacl for new- mill at Allmnv, (la , that will hare dallv rapacity nf H.faO )ila. nf iluth. IIE.N'ER.VIi I'll'l! LINE CO -Holdera of the l,(aa,llll C'e Imnila havn reielvell clleelta In pay. mini for m-riirlllrs llnnda were pun liaaed by rnllfiMiila syndlcale nn bnals nf 92S and Int. Aiciimiilati'd Int and puriliate nf participation it illllrales rcpre.i-nlliu Lain,.) itp lflt-h hnldi t nppmilniuti ly 95 fur atoik and lioniU liELF HTATES STEEL CO Sept net. I2M,. 17. 1 1, inn. nil nllli 6il,56.1 In tains iierhal of 1915 Mini iniintlit net, ll.6M.ti4l, enmpared with 1177,292 In tauii perliat nf 10 IS. INTERNATIONAL HARVESTER CO.-An. noum-ed It would as-nd fimn 15,000 tn 110,000 In each of II It-ailliif elili. of 11 ri, In education DETROIT EDI SON" September eroa 17.1 - ; ! inc fl".3i'(; ni l oiler taxra j.-i.'.eii in.- ; l i i; .lirpiua nucr inia n-'., ii". ! c,.. '"" S!3i ' Fullirea .. i ItEITIIMC RT. A LT-IncliHlrr aubaid- Ss-lter-'arle. repiirtt tor September crn.a earnlna. .,. !nf ruin inc 161.111: net H.V.7M. Inc Hv- Futures .. I Ii.il nice after charirea an! preferred tlivt- i dends .',2 :.Vi. due IK.7I For nine monlha ended Sept. M. aro.a rarnlna were 2,P3H f It, ,ne f91,727: net ll.22JW. Inc 1361.101; ln. iiiie alter charirea and prefciTed dlvldcnda IJ'M IK, Inc. I.'3.).'.'12. Republic Rj A I.t Co. ii I furnish Inrte amount of additional eleo- tiirny lo national .imneiiuie i ii.iini reaain current tanen oy .ma ctni. LONDON PRICKS. Copper- Oct II. Oct 17. Sum (123 1"! fill 10. Future. IS) 119 Ele. trolytle 141 16i 141 s.ile.: Spot, 100 ton.; futures nil, Tin spot (ITS ifta (171 5. Futures 179 5a 171 in Strall 171 P 174 5i Males; Spot, 65 torn: future.. 156 font. i-au fM 10a (30 lla 29 10! 29 li'a 161 CO (!1 60 .inner to I, too horsepower. I'TAH SKCt'RITIES CORP Report t for Septtmhtr of nil properties controlled, rroaa lAritinva iti. da. inc. enwi ne. s i . inc 116.6.16. Twelve monllia troaa I5.372.6ir;, me t;a. net 11916.523. tne 1572.329 W YNK TELEPHONE CO-Hia ben an tlmni'd by tn up-State Public Service Com nilaapin In laaue t.too.ono of lis common alock it not leaa thin par l"rncve,la of (he sale will be used lo dlacharae demand nolea for 117,0.1, rcinibiira coiupany'a Irea.ury for capllal eTpendituret aul provide worliliif capital of 132.000 MISCELLANEOUS NEWS. CHASE NATIONAL PANK-S. II Miller and E. II Tinker were elected dlrectnra In biiuhiI E 1 lllne and ilrnree F." linker, Jr , who re- lutied In comply wllh provisions nf Clayton act COLl'MIIIA THt'ST CO - Has tncrciM-d divi dend rate from 6rr to 7 a .ear, by declaration uf .mi I annual dividend nf 3'j't, parable .Nut. 1 to lioldeia of tlt-nld (lit, IS. COtlMEIII'E CI, I'll- An nriranlratlnn of em. Pluyi-e. of Nnllnml Hank of Commerce held its tlr.t meetinir la.t nl. hi mil waa ad- illi d PV .Inniea n Alea.iudtl ali'l J HiiWMld Anltey, j res nn I v. p. ream el I tel., nf hnuk Club's offliirs are W Unison llcrlholf, ptt-a.; It, W S.iiuiilera, v. p : Is opold Roe ler, are. , Il s W Al hiMi, treaa ; E C llitaell at sec; Si Clair l.llligow, neat, treni. EIJI'ITAHLE TRI'ST CO. (lenrrt L. r lllaiie, nikT. of forrMn rxihantrs dept. for I ra, has la-en eloclod a airecinr. ERIE A MirillHAN NAVK1ATION CO. Ilas deiliireil eitta rash dividend of 2075, mak Ink' Sit paid this year. EM'ORTS A IMI'OIITS Eiporta reported hy N Cu.tnm llniiKi .eatrrday valued at 6,. 711, 979, iiinklni; 2l,976.o6l an far (Ida week; tin. rt, 15,091,547, making HI. 6.1. 2,6 to fir thli . I. ,.' . ...... . ....... Kl. V.,.k ... . , " ..!",. im .I--,,. . ' . " ..' ;ri,ri.T l. cludoi Wheat, lhl,161 ha t com, 43,073 hu. : os la, 1,000 Un.: bailey, 10,110 Lu. ; u-aa, 1,43 bu. ; lieant, 1,013 l,u ; flour, fl.17 blila. ; flour, 350 iickt; alcohol, 7.22J1 1,1,1..; whlaky, 4,6M STANDARD OIL ISSUES. Oct. II. Hid. Aak Anclo-Amerlcin OH Co. ls A t In tit I.- Rrflnlnr Co,,,, 565 llollie Srr..lil.er Co 405 liii, arjv I'll"' Line Co,. 103 Cliesib'lih Mill Co Cunt. 460 I'nlnnlal (III Cn 60 Continental Oil Cn 670 Crisis-Ill I'lpe Line Co., 42 l'i,inl,i tl d P I. Co Inc . too I .tin k.l I'lpe Line I'll, ., 210 lialiua sic (III I'o pr .. no Huh u.l Sli-nal Oil Co... 172 llllnnla I'll'" Line Co. . 210 Indiana I'lpn Line Co... PW Inter Petroleum Cn .... lot; National Transit Co .... I7S Nm York Tran.lt Co... 215 Northern Pipe Lino Co, 105 Ohio llll Cn 387 l'enn Met Fuel 61 Pierce Oil Corp IIS l'ralrle (111 A i!aa Co,,, 46S I'ralrte Pipe Line Co.,., 295 Solar RelliilniE Ct 30 Southern IV, pe Line Co,, 226 South l'enn Oil Co 420 S W l'enn Pipe I.liiea... Ill Standard (III Co ef Cal. JM Stand Oil Co uf llld.,.. 775 Stand (III Co uf Kan.,,, 6.15 Stand 1)11 Co of Kjr 60 Stand Oil Cn nf Nel 610 Stand Oil Cn of N J,,,, !M Stand Oil Co uf N Y.... 236 Miami Oil Co of Ohio,,, 420 Swan A I'lllih Cn 110 I'lilnu Tank Line Co,,,, 92 Oct, 17. Vacuum Oil Co,.. 29s Wiialillietmi (III Cr 40 St llll aub "en blue" ..1150 SI Oil old Ilk "all on",204l 17 176 42') 103 410 70 660 45 10.1 250 113 171 233 101 11 tl 220 108 170 70 15 470 soo TOO 21 425 115 356 70 645 600 640 Ml 240 410 111 13 103 46 Rid. 1S 130 400 103 460 60 615 42 95 211 110 173 225 101 10S lS 210 101 371 67 14 463 293 170 220 415 111 .V) 770 630 670 620 693 130 415 110 1 294 40 1400 1130 Ask. 17 40 425 10. 410 70 66U 43 97 211 Hi 171 2.11 101 11 17 215 117 17 70 15 470 m m KS 420 115 353 775 610 5.0 640 lit 231 425 111 94 302 45 Special Dividend an Crnclbl., rirrsBuno, Oct. It, Directors of the Crucible Hteel Company of America an pounced to-day a aueclal dividend of 2 per cent., payable November 19, on ac count or in deferred dlvldenda due on tho preferred mock. Action on the reru Inr quarterly dividend will be taken next month. A Tale of Five Cities "Nothing to Sell Bat Service" SERVICE to customers makes a business. Appreciation of service by customers makes a business grow. Lest than five years ago Jones & Baker, Stock Broker, installed their first Prlvat. Wire Service and Board Room in Chicago for the handling of a brokerage business in securities traded in on the New York Curb. Today this Board Room Service extends into five great cities. Soon after the opening of the Chicago of fice an office was established in New York City to keep in constant touch with the mar ket and to insure accurate execution of orders, prompt delivery of certificates, and In fact to take advantage of every oppor tunity for giving Complete Service to cus tomers. This New York office was mads ths executive office Chicago becams branch, and other branches were soon open ed in Philadelphia and Boston. JONES et BAKER 60 Broad St., New York. Gtntltmtn : I shall be glad to re ceive your booklet, " General Rules for Trading." Nam Addriu City Stati K.l.-J.I. The response of the Investing public t Jones ft Baker Complete Service has mad. necessary increasing all these offices to mora than twice their original size, and on Sep tember 5, 1916, another branch was opened In Pittsburgh. JHE MOST RECENT ADDITION to the Jones & Baker chain of of fices is an uptown office in New York City, at 505 Fifth Avenue, just north of 42nd Street. This office was opened October 9, 1916, for the convenience of uptown customers, and those investor! and traders requiring uptown facilities. A cordial invitation is extended you to visit either th. downtown office, 50 Broad Street, or the uptown office, 505 Fifth Avenue, whichever Is the more convenient for you, and learn what Jones & Baker Com plete Service means to investors and traders who use it Every Investor should have our booklet "General Rules for Trading," explaining the relation between trader and broker in the placing and execution of buying and selling orders also the brokerage commission rates on Curb issues. To assure getting right booklet use coupon. Jones (El BaSier Chicago Boston DOWNTOWN 50 Broad St. 'Phent BROAD UII STOCK BROKERS Philadelphia Pittsburgh NEW YORK UPTOWN 505 Fifth Av.. Phont MURRY HILL 20U 500,000 Shares (Without par value) UNITED ALLOY STEEL CORPORATION GUARANTY TRUST COMPANY Transfer Agent BANKERS TRUST COMPANY Registrar After an examination of the properties and business of the United Steel Company of Canton, Ohio, and report thereon by Julian Kennedy, appraisal by the American Appraisal Company and audit by Messrs Arthur Young & Company and extended negotiation an agreement was made to purchase said property and business as a going concern at a cash price of S 16,000,000. It is proposed to vest this purchase in a New York corporation to be named United Alloy Steel Cor poration to have an authorized capital of 535,000 shares without par value and to issue 500,000 of these shares for said property and business plus $4,000,000 cash to be paid into the new company, the remaining 25,000 shares of authorized capital to remain in the Treasury for the present. We summarize, as follows, from a letter dated October 5, 1916. from Mr. Harry R. Jones. Vice-President, Treasurer and General Manager of the old company, and who is to be President of the new company: (1) The new company will have a total ingot capacity of over 600,000 tons a year and a rolling capacity of 780.000 tons a year of finished and semi-finished steel prod ucts. The company's plants arc modern and well equipped. Enlargements now almost completed were undertaken in order that the company might be able to satisfy the increasinc demand for its products. (a) Gross and net earninRs have shown a steady and persistent growth. Gross earnir.es increased 500 per cent, from 191 1 to 1916, and net earnings increased 542 per cent. Estimated net earnings for the year 1916 based on production equal to 40 per cent, of the capacity of the enlaircd plants which will be in operation in 1917. are equal to about $7 per share on 500,000 shares. (3) The business of the United Steel Company has not been subject to the wide fluctuations which have marked the general steel industry; its product having con sisted largely of high grade and special alloy steels for which there is an increasing demand. Copies of said letter may be obtained from the undersigned. Based upon said cash purchase price actually to be paid for the entire property and assets of the old company as a going concern and including said additional cash working capital to be pro vided, the assets of the new company will be equivalent to approximately $40 per share of which $14 per share or approximately $7,000,000 will be represented by net working capital. All statements are believed to be accurate, having been obtained from official sources, but they are not guaranteed. All legal matters pertaining to this issue are being passed upon by Messrs. Simpson, Thacher ft Bartlett, and Messers. Wing & Kussell of New York City, Counsel for the bankers, and by Messrs. Lynch, Day & Pimple, of Canton, Ohio, Counsel for the old company. ACTING AS SYNDICATE MANAGERS WE HAVE AGREED TO PURCHASE 200.000 SHARES OK THE ABOVE STOCK WHEN, AS AND IF ISSUED AND HAVING SOLD AT $47 PER SHARE ALL OF THE STOCK SO ACQUIRED BY US THIS ADVERTISE MENT APPEARS AS A MATTER OF RECORD ONLY. Dominick & Dominick 115 Broadway Hornblower & Weeks 42 Broadway Kissel, Kinnicutt & Co. 14 Wall Street EX DIVIDEND TABLE. i iuitTi:itr.i 1 t" Friday Amerlcnn C.aa AV F.leo pf Anitrlian .Inc Lead .v Smelt Atlas Powder pf Hangor lly Klec Commonwealth P lly A L. ... Common.. ealth P lly Xt I. pf. 'lri Hand & Clev pf Iturns urns pr. Clectrlc Omul Khars pf . . . . Pacific Ci.aat lat pf Pacific Coast 2d pf Pitts lire Inc pf accum Home. lake Minim; llllnnla North tltll pf Interoeran (Ml 1st pf International Hank Corp.... Kaaer, Julius lal pf ICayaer, Julius, 2d pf Kejrilons Telephone pf Linda Air l'rod cum atk Milwaukee I! lly X l,t pf.... National .Inc .v I.e. 1,1 Stand Mntor Cun.lruct York Il.1llw.1vs pf Anscondi Copper Auatln Nichols pf Cnnaolldntlon Csai Cluett I'eabndy Du Pont Fonder f)u Pont I'omiir pf Finance Co l'enn 2d pf Finance Co l'enn 2d pf extra. I'enmana Ltd pf West l'enn Ill's Pf Wlllya.OvrrUnd Monday Indiana I'lpe Lin Hlerra I'atirlc. I'.lec pf Wlllya-nverlnud Tueaday United Cigar Mf Reading Wednesday American (Hue Ilrnu'n Khun nf iF.attmnn K'ndiik eun j Electrical riecurltle pf, ,, pf. IS 1 IS IS IS I IS . s 3 IS ' IS , 3 "." .' 3 . IS . 12 ") , IS . IS . IS .11 r.o . S . IS . IS . 3 12 00 .11 00 . 3 .11.00 , 1 .11-00 . 14 . 6 . IS ! Union Trust Co. of New York 8! IIROADWAY Fifth at A Till St, Fifth Is A tilth l. aCTSASEXECUI0R.6UiRDUN.TRUSIEE.Etc .Allimt. I nt r rest ou DtposilU. DAILY TREASURY STATEMENT. WASHINCiTON, Oct. II. Tht itat.ment ef the ricvlpts and dl.huricmcnta of the Trra.ury .tniwa : Thla Month. Fttctl Year lleeelpla r:,3l6.20 1223.257,361 Hl.lilllM-lMIlt 66,490.031 106,701,4.0 lleltclt ""2I.H1,2I 113,414.122 I'u.t una ricclpta, 1277. 7.16, Internal reri-iiue, ordinal.-. L'.'.'mi.O'il 1 Income tax, IS!,?.") . nils .1 Ibiiu-otis, l'.'l, 9U . national bank unlet re ,eiii',l for leili'iiii'tlun, 11.619,370 Still, inriit of I- S Treasurer for October 17 lil'.Nr.RAL FUND. Wallnt.lc cel.l . tillable fII.it. I utli-d Sillies linles .Nntltiiit bank nnlt a and Federal K01 r.e nob s , ,,, , t'ertilli-d (lucks on bank. Siib.iillary allrer, minor coin and 1 ili 1 r bullion ' I'm la. silled itinsnrlcil) currency Iii-pn.lts lu b.nkt and Philippine I Trtasury filRARD TRUST CO. PHILADELPHIA CIIAItTFItl'll 1S38 Capital and Sorplis, $ 1 0,000,000 I',. II. MORRIS. President W. N. F.I.Y, Vice-President A. A. JAi'KSON, Ire-I'rertldaol I.. H. I'.MiK, Ice-President ti. II NTl'MtV :ird, Treasurer H. MORRIS, Secretary 1.9II.7I5 13.146.2.4 3.6.IS.75I 17,430,151 21.631 17,174.311 367,123 7,0I,01I At. II. Ma currency In Tret.ury and banks K1 176..25 Deduct current llabllltlet 66,017.332 Net balanos In ten.ral fund 1166,969,493 !tF.!4KltVB FUND. Gold cola lad bullion 1152.171, 25 TRUST FUND. To redeem outstanding rrtlnratN..tl,lll,l7t,IM Grind total cash tax la la Tnaturj 2,591,111,111 BOND SALESMEN An old established banking house require the services of two ex perienced bond sales men for New York City and adjacent territory. Reply by letter only to Room 62, 6 Wall St., N. Y.