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Slj-'Wl' tin.-" THE SUN, MONDAY,- AUGUST 5, 1912. 10 Listed R. R. Bond to pay 530 Jemred by pranl'allv rloied morlKf mi 6,12 mllff. In tbc heart of an Important tMm r'Wti'ni; from Hip t,ret Lake to the fj'ilf. unci enr-! it oirr time times tfce In If rt mi tbla l-tue HrW liy Jo Irsilin? Inmrnnee f . Trim Co.. nnd b&vlncs Uank la thS coinlr and Huroiif. Protertrd by I'inlor .rcurltl's hauri it market of Jflxii.cxrt, or roof than amount of tMa lime t'arliciiliirum Ritjwel Plympton, Gardiner&Co tvrr.u.w Members .. NVW lOHK. Mock l.tcbange FisiisiAllI nrifirilf f Miero la no doubt that many of the under- IMAMf IAI UllllW 'writing syndicates hate wictirltlos still lllnllUlnL IU.I ILIf on their humls. it Is also certain that the , bulk of the year' corporate financing fir Tlir nHOT UirCI completed and that the untold I Mr Inr K A. I VirrlX lrtlon of tho necurltlea Is being worked Ul MILinUI m.Ult,f)ff Bomowi1(lt, rHptlly. Money rates, i iexcer.it for call Tumid, advanced In tho cuureo of the weok and gave point to thU ' Indications That the MM of i .ibjectlon to on advance ui securiUc. Hut the keenness nf the demand tor Jnlv Marked tin1 Knd of Wait ins Period. CO.Vri DEXCK IXCKKASKH J money owed it inspiration not at all I to upcciilutlon but entirely to tho ex pansion of buttltit-SH and tho accompany ItiK r,uiieiiH from trade and manufacture. It wn nn ontlrely healthy demand and ono predicting nn active money market in refreshing contrast to the stagnation Krilliuill t'l'tip l'.'OsU'CiS Alltl lilt- , prevailing in tho markets for monoy ..... i ir-.wl,. W.. i .it titnei. oi stagnation in mismoes, iw ( pi'ovcnipnt in Trade He- ,York bunlt tm to well fortlfle., i vvc All Mni'liCl. 'against the chances of monetary ntrin- i ' . gency. t.hother it arises from bueines ' expansion, from speculative activity The dominant characteristic of tho or both. They have substantial rev securily markets in July wu uncertainty. vm . greater credits abroad than at I Up to the l..Bt d.iv ol tho month prices. W1; other riCrl expanding business. 1 p ' , , , . ' ... , 'and, moreover, as was pointed out by moved within n narrow range in a nwrl.et ()lo NaUona fUv a , , k 40 Years of Age Tbl;- is the aso nt which tlir iiver ape man hcghin to vrlrfli eiirclully hit cxtwrlfiici!, hU inpablUtlei, aiid Ills lliuni'lal resource-,. Ml tlics.' fnctnre Iniuii up In'fino linn u- of lHry ImportntH'i1. I hr ufliM-t not onlv tilinir, Imt tli fmntv nMlHrt' of thoe dependent iiimhi lilm If lie I a normal nun ln niii!erl iliii" tlint thv iirfi" or forty l tin- nii) of tiPPOlil'l N'l TY. mul tint liy hii or rjcrly uiirilli'atlon of M- r)KTli'li''ti nnd kliowlrilKe. NU H SYSlt'.M ATir AVIMi M Pill HIM IN Vl.sl MI-S1 . In ha every ri'.tonnllo I'hnnco to provlilc for Iho iiitur.'' Write for Hunil Iriular Mti. " "i"onjtlv IoutiiKn' Spencer Trask & Co. rsvr.MMiiNr hm:i;- 4!l Eictiarifc rtei-, New irk ALBA.NT I!0!Tt.N -CHli" ',0 Mtinbm .Vw i't'.i f-iiiri,- I cbanrc lrirr.'.nlnclv till 1 1 until oil 7 , last Tncd.iy the low rorord of tho stinimor n-iiH made lor diilnrcs ami IrnUlng m both stock and bondsshrnnktolnslsnitl cant proportion It seemed to l nlnmst tho country may have at thslr dlsnosal substanlial Oovornment deposits. "With dC.'n,i,i in the Treasury fund now. it paid, "and a supply or t-ubsidiary silver amounting to S:j.0oo.000 beside the (Treasury faces tho crop moving season RAILROAD AMD OTHER 10NDB. ttto't- Lot- cio. xn tots Salts. til. est. ina.Ch'ct.lHtH. Lov, tt Alb 4. '!' t f''.J 01 -j VI u Aiteth Vl .icc'4 9H l4 1 VH i a m m trs. oo)j ton - h n 5J Aiiu chaictf eoy W to u tt'i C Allld-Ch Cs elf stimpcd,,., 11 24 M -Hj S4' 8 Am Atttc Cli cvii mi ioi! wi'i i im;4 toiv; 4 Amtcoilebtn. 7U T 79 Si 3) Animnt,veo 10511 IMM L m tom AmV&r.rvW.tll ll4 lt r IWi 81 ArnT&T rlt tt W.i (! (Mi - H i 90 13 Am W rltPSs. 91 Vi VI 91 91U t Ann ArUtU. 'S'i -!.' - '' Ht't 1 Argent Uovii Jint&Cortf MVj tOij JW - H 100 tl Armour t'.i BUvl IH - ii CCJ Ml AT&SFcvta.tOS'i IMH IttH H ItA'i 10v W AT&SPcvO.inSU WW toSU ' I0' 9Zt AT A 31' V Is lW Iitt'i t0S 10 i 101W 10 J1 i tt AT3'.' Cat Hllo0 '., 10D -- U tOO'v ti 07 7 - ' 100 91! I 8l 9'i -".H everywhero ccnulderid that it wne "1- wlUi no Mich worry a confronted it for visa bio lo uwjlt tor developments In 'several consecutlvo seasons onlv a few politics, crop ptobpcctH and businpfs trends befoio ono formed iv detlnite opinion on tiro-ip-'Cts for t.ill and winter f t, ... ..Aiill'.IU. i, vilflnr J!"'-?. 3 vet-" ,.K,.' .k . - -. lieritKl ami one governed by more than ' present ImUcatlons are that there will n and cou-ttivatisni no k ior i rr.isury am. rearrf a?o. In tho event of a stringency this autumn thn Treasury could, with out Impairing it working resources. iak care of any situation likely to arise. Wc olfer a Miritly c! Municipal Bonds udiliblc for Trust Fund Investments New York-New Jeney-Connecticut n.j(.lf!r0"!lj!'7 ir. r N.W.Halsey&Co 49 Wall Street, New York PMUdf Iphl i cM.;o ,'jh I r.incjio Harris, Forbes & Co tnorunr ti N. W. Harris Co Nw Vetk MM StfMt, Car. William UW YORK Municipal Railroad and Public Ufcaty Binai ftr livestnut FinleyBarrell&Co. 74 ROADWAY Bankers and Brokers Mimbtrt Nm York Stick EicliiniJ 1 elilf rlTt wir Cttlcags b1 tb Tttit TUahn Rector 4720 H. n, BAttrcH. n. n bahcch, .' P. TRAVf.RS. M?abir Mpibr N T Sl' N V u.T Etlirr. I liti s' Baruch Brothers Vembera .i 7'orfc Ftocf Crlinugr CU BROADWAY NEW YORK We do general Nw York .Stock Exchange romralfelou buriness. INVESTMENT SECURITIES FOR SALE 10 Equitable Trust Co. 10 Banker Trust Co. JO Continental Insurance Co. 0 German American Itieurrncr Co. 10 Home Fire Insurance Co, HOSMER, RISSE &WEBB 74 BIMMIWAV. rl pccior iin-iVK i r ft imndi' m-' In' ("ii. It Miller Bfimpanu Mnbr M' "' S"' Riwr vo Broadnar Jftw rk BONDS FOR INVESTMENT FOtt HMV, ion tpiuUrliUn I'unrr Cuiiiinoii 1UO ltlll(4l l Mill Irnlrl A Si, Onrrli-JU Irl m nrihrrn si.hi l',ir .mi Hill vi,,rt.,il l.i. A ric. I't.l hoi Wfitrm l'uri nut A pfil, FBE0EH1G H. HATCH & GO. It. Ik ill llnii.l llfxlnll r It l imgtrM HI, J' i A I'l.il J ordinary ciutien far :is finding in securities ar con ccmed. Political devetoriments fame rapidly, but artcr the notulnatlns '-on-veittions It was mni-iderod prudent to wait nnd ascertain wh-it positions Presi dent Tuit and Mr. Vils..n might take in thnir speeches of acceptnncn or what Ktrength might lw do'.olopeil by tlm Bull Moooe Mrty. It. was a month very pro pitious tor the crops, but it. wasadvUiblo to watt until some of the. important, rtops were in the birn. Trade improved steadily, but there was u chunco that the t:pArd trend might be only temporary, and only time could tll thai . Most of theso icns&ns fur hesitancy have liecn remirted ! 'devrt pni"nt'5 l tho jia't tvio wks, and (tho time now seems to lie nt hand when buinpsi men and inventors mu.it do i Domethitic more than week out the secrets r r.. 1. I ....ll.. ( oi an WKuriam iuium:. 11 ic mnu enough that many of th UKt cllscrnlng of them h.e already taken acth.n. Hail- jrojd managers in most of the sections 'of the country have been doing every thing in their power to pUtc their roads l in ciuiltlon to n.anlie a volume (it trnitio I which they now believe will lie much greater than was expected in the early )urt ot the year or which could rnaaonahly haveUenuntlcipatodat that time. UidM 'for cqulpmnt and mntcn.il h,'it l,n ' ritolu'd until the inr eiuipmenl companies and nuny of tlia steel mill- are unable to s-jtisfv demand- lor early dliery l l?u.iti'.'s retoili.U';h a- that of Mjrf.!:.-ill t-ai- i Pinld in lfairtl ti thf sunnlv of woollen I f''"' M i.-rt S'ror J goodi. show that tii.niy inaDufacturers. I who underestimated th proKibla demand fur fall and winter xnods, havo iwn imii'lld by the brilliant i:iup pruspectn , to operate their mills at utmost capacity. I. Ml of tho manufacturing companies (dealing directly with the birmor are anticipating a largo volume of business ,and preparing lor it. Altogether, it ap pears at the lieginnlng of August that im j provement in all important lines of trade 'and manufacture i. extrHordinaty for a period ordinarily markei by seasonal 1 duluess. The waiting period seems to i le over and the period of decided business ' activity to luvo begun. 1 1'lie security niarkts -uppllel evidence . U't week that they too considered it in advisable to await further developments, or nt leaft they de;ncinftratcd greuter conlW"iice in the stability of prices for ' shocks anrl bonds than they had dUplaiM in previous iiiciitii of th stnnmer Tli , change ' mie on the last ihy of .luly, im mediately following the publication of J tlin emninc-i of the I'ntted ri'8fe. steel forporniion Tor tho .Tune quarter In that period the company was Tilling the bulk of its ord'-rs .it priee not tHr Ironi the lo.t of the yer and nerthele,, I reportcl earning more than Si.noo.iioo i in ex.. ess of theso fur th previous quarter i nd earned the regular dividends on both the common and preferred stock Husi ness in the curient quart r is at coniter- ably higher prh-en oti the average and n great, deal of the nn business booked last wee whs at. advancing prices, fur- (iher increases having l-en deeUred by most of the companies in plates shaties 'and bars. An instance of the prospei-t of tlw trade is supplied in a statement I mad" by tho be.vi of ono "f the largest. contracting llrms of the country to the 'effect that his company in tho past six 1 months had contracted a greater tonnage or structural teel than in all of the jear ' tail Together with these reports from tho steel trado came evidences of endur ing stability in tho copper metal murk"' and crop reports which could discourage no one. Opinions dilfcr regarding the col. ton pronpectt. unci deductions from the fiovernnient 'Top report vary w id'y, but th'. crop hm entered August, Ihe onti'Ml month, villi generally favorable weather and it is not unreasonable to otpeft a yield ol more than IM.onn.t'OO bales, that is, a jield nfiovr the average .ililieush wrll kI'iw lat year's record '"'ill At e.i"t "on.iTiriij.niiii bushels it) a i "lis'r'.alive estimate of the. wheat crop, and cats havo been gathered lit quantities eWe to if not above record uelils mid the corn ronditiniib indicate a i rop oi '.,,1-ii,ii bushels l was nut natural In eiect n re. t luiiary stock market to the aeconipaiii mein ol continual favorable reportu from l crops itml rtum g-neral business, vi.t Ii va not iiinil the end of duly that lhis-s in ily niarkrls M...nir.,i to . affected by them 'I hen le.uleiehip iii an upward movement I tk'ii i .lucln of the grain cat t ying lunds. mid th latter tmrt ol ltd week supplier) n d""Mled I'Dtitrivil t" tho stagnation am! nilliimes, ri. pln.el by tli" markets thpiuuhoui most, of .luly Ai .lines the niaimi became een buoymit and tho improv meiit ex I tended' lo bonds as well h.:i lo stores t lns arpied against tho markds Hint I the bond market was congested with Is's'iiriliet. in th" hands or underwriting svndieal'ts which tntlut be disposed ) jbet'oi'i il" bunking nnd bond houses 'vciild eiieuuriige an np-Aard movement In sio-k. i lui ihe iii'TeiiM-d demands lot mone; threateniil Mrmgeii'iy, that tii" t.iilroads were t li'eiiteiieit with trafllo i-oiigcstlu" lik'ib ti comeri increases In '(ii'-s iuiu d creaies in net and that pulnies i uriiiiil' d to niiilerinliiii mn tidcili e I In l the rotill'lencii ot ili-'.'d l. ing 1'i.iiies., nun was ii"coinpinlisJ bv tl'.t. "r.ll. " :.t;j"i- If-"'rrt ii!'l tho denimd for the unsold portion nl tlm H .MSi.'ssl.fM) new seeiirltiiv Is lied this eU quiukciivd cuiisidviabl) Mnhi In tegard to the likelihood of a eon- gestion of trafilo In the event that crop conditions are maintained and the busi ness improvements arc continued, It Is granted In all tho talliotil oftlcct) that soma of the companies nw,y be embar-rn-std. Nevcuhelesa many o! thvi toads aro in lAoeltent physical condition to haudlo greatly increased volume of ttalllr. Political prope8 wero soroc what clarified last week by Pieaident Taff's speoh ol acceptance nnd foie iut:t of .Mr. Wilson's views on the tariff. Tho rival candidates seem to agree that In the delicate matter of readjusting tariff duties to tho needs of the country it is well to mike haste slowly. Tho other candidate for tho Presidency never has had ideas on the tariff and nothing eluci dating is expected from him. Alto gether politics does uot now seem to be so much ot a deterrent factor. "Politics." as ai tetnark'sl by a bankor last week. "e have always with us. Always we shall have with n proixjsab for economic teforms and readjustments, whether they i.-e enunciated by high school essayists, sophomore otators or Stanley committees." THE CUHB IARKET. is; ATiSI'ind s;h 5 ATftSPindr Bit U ATASK h I.. OJii : AT&SFtlt. !)! 1 ATtSFkl 4 H'. J, t) it M - ' 3: All C Line I. ! Dt t s ti 11 stiot. uree. til M l -t SI AtlCVMilUio c.-l tr 4s ... . ait. Ml,' 93 - U ta iiivoioua. w oi oti-j ! ; ti ao3'i , oi ot ct - ti tt llOSVS'. tn vi mh-U n r.etii .teeu. or c? S B'yftT.Wen.toAi IM'i IW'i m nrtT.n. . i-j ioi' i icw.j MOIIUTcvlv. U3 Wi K'i VI lH Si V,' ft? oi'.; W's S3 01 ta 4 tW 10.' "' ioii.; t.w XW.i 10) .-, Dim V 1)1 1:..IH UBS 1(C' J- 1034 tOlH 2 r.if nil' t!v.uwt tost" tooii fi torw t tt ll'ish Term It. 00 tfli t)n o: SVi 45 CjHiniAl'.M. Oi'i 05', Mi - i OJ'i 01 3 CsnNirtttJMOe, luON tCOS - ' ItW ni HCanSoS.t... IOTAS ICW tOW tot 10jH 3S C Leather .1, uv M'i j MVi' IN !A Cent rac 1st. T1, 0.V,' -1, H IM1, 3 CcntPn3W. 0D V, UOj filW !j citiior.v.tst njw m uo'i - 'i t?r m S Central Vt It. tip Ol'-j 01'.!, ', W-i Vi 3C&OAs, .1101-. 110. Iio lltl liW 13C4i0 4'4ii .W Wt oT -' HC (W 85 C & O ev ' j ICti 0S WJW - ' M VC I Ches&O M :s. lav... toi'i Hfl'i -t W!j la' ?3 0 4 Alt :i'?.. m ss r.'i i'n mfi UCUAOrtsli lirn i t)i, !'-; l'Mt IM ; cdao (tiu 4 ;'i tv, tr;ij kh K3 CR4W Jnt o:l'. M M Vt P ttCUAOllUa KV( W' W'i-l,'l(V Bj t: ChAy liui'ss. t's st' s',. mi ; t ClIAQ SW 4s H H bH i,' VH tH toc&r.tis. to; i: to: -',tii'tTr; t chOmLACta tor, v:'i twt, - i tai'i unii '0 ChlAGtV4. " ;:i4 - I, f 5? t ct&iouai ioji,' m twj - ' tii,' ioj,, S ChlttllAPufCl Wound 43 . 3 M Vi to', K'i MM C'MASlHcMl-.s rets fall rut nn too, m ti im tou t OU AStP41. Ol'ti UV, Ki,ti l't 07' II C SI 4 1 P deb 4i.. . a4 w' -'f K'i on i cftNWsf ss.t'it ioi toi -i! totr; toi 31 C & X W Mil srsrAXu w oj' oj'j - i,' 4 110 C&NWgml.. f'h K - i Oi 133 CIAPIR. !', S CS'j J-l' J34 St cKiAprij-M. o:i, im vv u 1 cm Aprt'. pi-4 n's t'v wj WCHtAPrf4s M, 9Vi M!i VH ii otPMAo to: to: -m ins t ChAW Ind U. l&t ' - M'i 7 ChlnoCopfts.KO 140 ItO -1,130 J Cln Ind AWlf . rtX M'i M'l -t'4 W rranssetlons In detail in tlv; market last ' ek V err fli follow f . ! Os-n. I'lC ts '0 Hi; State tnn U'4-'ons i 1ST.) II !'Gcs1rloh Co tij tO I'.l ij"lrlrhi.opl.l0.i it'll lira'leii i vnr. ran nu iv-jr :o rvj.i lirth..n1oh :t-, Kt'il llrltlih.AmTelirn WU IK0 Hrltlnh Col Cop.. &i.4 71) Bulie-Nev.- York I.VTi Ccn Arlrooa.. :,iao CO lirona i; ISO Con Kubber Tire, it foon p mark nulie.. s 10 naMs.il.'ly Vi. 77K0 ITI rate Con. i KWnniyCo.i rinrence . ro', lt'ji Crerne Cananra to WHO tilrnys Wlnlnc 3 STum (recn'aalrr .". 1i) Haaua Tobirin.. (i. Id) Inlrr Hutiber. 11 J t Cr pf A Int. tuii, ism J'jmbo Cxtrn'loii. 1 1 I .1 i- V"JTf . !.' I!i K;-T M r:o taer vl III', ITn Kirr I.il.-. t'."i h'' true , i:0 I. Roc. 3 10 t 'h Vnl I oalSl..:t: in-., Marrenlef mp-n v.j livii MxysOII -j MV Van Shl-t Co ' .V ' c Mii-t Co pf l1"',' rm VchlnParSax vr t' l'i Mon Vall-y ti "n Ve'hrrlode t.ol l IJ. H 3!.s, Vin trmi I'V, I tin Vnnrta Hill- ?, fi") Ohio Cepper i, .".i Par Frr.rlter : 1TCS Penu In td.j lai P-ttltmne Mill. . ;4 tin I'ettlbons M pf . tol1, H; ll.l P,evnilda ?0 l:o Mher KlnICon I rin .stci.l oil hen . m Stili'l Oil mM toil Ht.-h-el. fl : is i. I otr. r.l. h: 4 41 iw , .i n4 'a t: 14 0 no v l'UI, 10'. 41, a si, n i"j'-; r, IV vt hi !ta S'v I 0-1S It 13 :-4 97 :o nt. 13 101 fl IV 4 110 CIos-I in- j 43 i 'S U'tS i SI, u 5 11 13 0 -" lll'l :3 m 10', 5',- 6 V t.l 1PI 10 IV 141 noi; i B3',' 3 s' ' ov. j 103 ei i iS ' io: no VI W'aj T3S 4.' W4 ft.''', lOl'i CCCAMLI4I K W 2 C J C A M L StL's . 0Tii H P0S s ColInrottrJa MU sp3 SU5 . t: col Mid 4. fo 41 (o 3 Col So la. . ".'1 oa m IS Cotfo rt 4a ta ai' ( y) 3 CA91h A Si t'U W I''.' 4 C r.yALt 4'a tampe.1 li'l'i 10IH I01' - 'i I'CU 101W e con Tob 44 m; o; ; : tnv 3 Oiban iro" teni 103 j. , 104 VT t: Cnban4,-. sn W tK -', V'i ft (f. Pel 4 llrvt. 85i, t, oau s W 04 o' , - 'a w ss-i fJlv W', - 00 Mlj 01 'j :.v.; an so no'-a 74 OII4 W, - , 77 '. 1v -t 7J'v - '1 JJ'4 - U is - I,' 7i PelAltrefl 91 j (1 liAltGr rcfj- M 1 ntAFDcx4 3 DAM gold 4. Bl' j v te:iuo4S . m'i 13 Det V Itt l'. T6 JJ niasecCorJa 74 TI Du Pont 41'J. su; 3 LTVAC.con3.H0'4- It0t HOt, - H 113 31 r.rle 1st conn H ', s', -- i ) IS trtervlor A. S'j 4 33 Erlec4rB. 7 U Erie. Pa Cosl eot4t ') il Krte f n 4 7S S PAP.-Mr cod. ul'i : Oen Motor .100-f 10) :CaMhtr.v3l 4 ill l -'a 4'i 13 GrllapAl 4'r.KH tot r.'l Vi . - ' 00 SI K'4 103 74 7'. 8l' Soi on 7W 7la M'4 110 MS 0'-j Ot 74 - 'J Jfi 9J",' -m ton 100 - 4 too, :i: ri ..4 Hi 1? t 2'i !.' If. 1 (- '.'0 Hll,' IJ 1 I'VO CI Ml '-'4? ," 4 'I l'i 13', 14-tA l 1J la t-ia: a;i i'e, 11 ll'i I 771 es'i 04 101 J c,t Nor 4-,'. iojS lt' - ' 101S 100H I GAS lal 1st.'!. VI V! (C - ' 9Vt 01 7 HocUVal 4'-.lixi 100'a tooH - ' t3 no 9 lllCrfiaiBVi 4 PAH - t OS's 03 .1 III C3i;.i 1831 r 0 tt- J - H 3 3 HICLivj3i,a 4 1,1 1 '' ; S41-, r: III Mtel 4'ns. OO14 ti". !0-.j - ' K, 48 IutllaoaMetl.'i JPMAC'otetsl'V)-, rri I0-i- - i toiS l'0i i: lnsConCopr furctslpj l";i, 107 10U4 '.' I01i lOI'tl 41 iRterbeniHT ftr A Idtr 10, I04S 104' l"5 Itu-aj 41 Inierhoro Met 10', t'Mt; V7S 1 3M l(l 3'J r -ts1 l.'-H 7 ir..; ; 10l!j zn 1 1040 4 K0 roltrtM. K'-j r."t K'i - M'i o'.. lnlXavfl 73; 7S 79 . K's 7S I Int 'apr Cj. ieV KO't l'XVii f ' lv4 Ifl 1 Man! Oil .1 ?) Stand Oil V Ml Ninth l.lr Oat mi uth ftalj MAS irn f.iewurt 1( ,s tl Ur.-ce. .sm Ion MIn 'k.") lonopah I sten 41! no Te'iipah Mrr ."O 1'ildrot-a r.ni ruol'tmnr stl.i '"n Or ftiorej . I Mm t'nCl sof An. ,"kJ I'll 1 h of ni pf :ri"i w,t iiini i:t IVV.l rell,Mil).r l!T ', lAmi ll.ilil . V1 t S I, .'; II 170 I. 1 L A- II pf IIO 5V) nr.oen Cop ,x . SZt'l llrarteii Cip ? lino,) c iti- .ii,s urn x MaK' i iw; 5WH N VT' I4'.js t?rm so Ilfll TAT .v.. I'Ofl r', rn Par 3 DAILY FINANCIAL CALENDAR. k. iilviimxri. Uorden'i Cnr.ilcn'.eil Milk, acrnt-annuel, rom- men. 4 iwrrenl., Aiimiit ti. H'lrtaln Mlnri,, extra. per rr:it.. Aujuat 13 It, I'. (iiMstrWi. Initial, ror.inion, I ier tent., Anniai l"i. .".alln'ial Carlion, quarlerly, preferred, Vi p'T rnit , AllCTl-. 1 13. I'nlted Matea htrsl, quarterly, prercrted, VI P'l leiil., iiiinl30. I a ' ta IS 1 IMC. l, , ;s ;a 7 1,1,- r,n ;', 13!'.! 7.13 P. 13-10 'a 'a 'a ."4 3't 3 3 ;v ri" :m : W' W. Pt 03 !?')'l I?"', t:i ;u S3 Ij .11 0 ,0 4 ;f 1 in, .11, ' IO", 1 la i!'i s? s0 M no Mi tia U 14 ua 14a Ion , Iti7j mn, )(!,,, Is '00 7-11 1007-ia 1007-13 w wi n'j oa'i .hi' ion' , im ion "J". K'j K!'J KHi V InlPaper rJ M iDMPnipliU PJI, I 104 Ceo 4t . M Japanere l't. Ml't 1 Jan 4'1 Vil 0I I0 KC KlSAJI 4. Vt KM 4 9IS VI if-i l34 Vj ft -l' PI'a HI 7 'a I. 0! 03S (A 1 HI',' 03 !-): 9I' 5' 5 V Kar.CMemtliJina'j IW3 I'a'j. 17 KanCsorf.'.i BH 81 v 1 KanClty.co Sv 73'i 1i 13M - ', 3 UanCltj trrla t! 0!'-, 07' - t t K!nrrolHd M st I.KSleeliaHI.ViU'j Wi 84 LkStrels 10W' !' j ku!, si., ; 1 Lic!tdeCiai3 10C ICC', ICC', - a 103 i LacledeGtaof St LrfirfJ.101!,' 0)J 10I",' - I, 10; lorr, 1 tAMStalOJi. t3H M'j U3 ! 44 I.SAMSU191I. 83V Ki 01', - U 'H', 1 I,Val('o4lla.tC'i l' 10 1CA 4 IA of Pa en la. 97! t Bp... OP, - 80 l.lic'UAJIta l?iT t:u'4 i:m,' - 'a IJ3 103 LlarrettAMSs. 0'4 W - " 93 .3 I lalfj.. . 8.V4 tt','4 8A'4 - 1, iin-j : LAN em Ms. llJIa 113'n 1134 HT' 3 LANStL lit IU'-; IK'j Il2'i tu 3 L A N T H A N lit..., Ilv UO'a II0"4 "4 lll't 110, ail, AN 4a. uv, wv ms - H W, W-i 4 L A X St L3. 418' 4 fc'J'i C3', -'.; BK',' CO', 31 Manhattan U. ', ii, wi - 1, n wa irtU 9i"i J- i.j tH!i e;,' J I 1031, ITU', 100', 97',' 74 !'.' 9'S 014 sa m',' 04' 8)"5 s3'v 7 10l' o:)4 tot I'J lie' M'4 t-V, ir.'i ti.j (0 (J, S3 S3 024 SI1 1 fi 0314' - !' loil-j '' 8' tom 4. i 7 7 - M II 78 70 - U OH Mi 104U 07 101 tno M'J 73 I 10) W.t t 9 -1 8-J M IM!,' - t; t77i IM' 101, 103 100U too'.j - '' ib4 iw,'4 09 100t' MU - ! 1W4 ev si too: ' W 91U 83 '-J 81 l!i 1 ' lltth"LV' Ctos- AVI -tMI flalej. e(. ot. (nc. en ct. incn. i.ov, i Nnysitesi'i. S3 t NnrMei4i. a io: XAt Tobe H JPUACorct ' a XT Air Urke evs tod' a 10 XVCn4l4j6t. I0l? ltt!4 tot,' J- U I KyC!jdeb9... 01 91 ft r 7a i'3 NYCen S4... 7 13 N'Ct.S3Ha. M 1 NYOfcS3WarT9 IJ .N'VC4ML4.tOO 3 N VCbJAblL ileb 4 60 X V.Clty 4kl 1837.... 10au 106' i X VO!t'4l(4,Vlti IOII, V CItJ t'4f CS tern rcta.ioos too-s NVCItylil,1i). Vfi NVCIlal3i. i'i Wi NVCIIyJa l3" 83 t'3 N V3aa I'd L HAP 31. . .1031-1 103'ii 10JW 104U KSfa X V Oaa PI L HAP 4.... Mj mi M?4-8 9'.j Mi XV OnwdUl0l! I03S tOit-i -ItaJ 103 itd'i NYXHAIt tv tt i:SV. IZil-j IVS'-j It IXi'i VH X V X If A It 4a 1836 9I4 OIS 81S - H 9Si W.i X VKII1 II deb 133 03 1 N V X HAH eva'ii mj w'i 80-i - M 04S 90 , JXVUiWU. B K 83 ,89 83 :7 N Vtljafdj l tern rrta.... 7t 7.' W'.j a1i 77f, 14 XVKysaUJit tem rcti.... M)-j S7?.' S7 AK9at0D4(.ia ton 88:4-1,10014 3 Xorf A mi tat. ioi too 100 - Ji now IS Xor A tV 4a. , . V!H 874 87)4 -W 1194 XorAlVcT44i.U' IHS ll,' !v l a Xor&Vfer4t reufdllpd.ll? 114 X A WdlV4i. 9iU 83 NAVPosa4a. id ei Xor Pac 4$. , mil H Xor Pacta.... to tJl Ontltanats.. r.'-i ti'.i OrP.ANv48. Wa I8' Orhori t-svlio, to) OrSLfd(4l. 83 9T' OraWaahHKA Navret4a . ai 91 OiACC late. 89',' H I'aeTAT rl St lOt't I0OW Pu4!aiu3.. lOS'i IOE'4 Pa4 ItMX.. ..lOia 03'.j ram 4a iM3.icn-j.ioHi) l'aRUta. . 100' 4 IQ0' Pa 4a 1909... . 80U 86' a racva;,a if iv. ?, v8 Paev34t,tat.v u;'i w;1, P Gm A Col( fda tOKa 1014 PLorlllarU7a.tr3 I2l4 PLorlUard:. 'i Publti-Senlee CotpXJ.. :' najCop cnea.131 rid I feo 4a. 97Vj fide (0 41 ret. ('TV; Rdt-'Ciol4a. 87H Pep lASaf 5. IC riloOrJenUl'.lftlU lOtl-j 5tLAI.Mt3a.l0JH tO.'h ML A I Mt 4a, 75',- 7S StLA IronMt nivAC.lfli. a 1 SI t. Rocky Ml A Taoia ttvi M j m vi'.j fVi StLASKca'a lot tOJ ioi ... toe' joj IS tUl.ASPpnJt Ptttir. Choate & Prentice ANKERS MamtWra N. V. ttck tathanjt 4 Tranuctifencral bankinf wid comnitsien busi new. H Ngtwt Mcurity ifiues of railroad anJ tber (rptratknt. I Deal in high jride invest tent iMtwf. C Eiecute erdert in all markets, f CeNtt and renit interest and diridenrh. NATIONAL CITY IANK IUILDINQ U Wall ktrawt TCLEPHONB tROAS) i NEW YORK, N. Y. , xv' Ann ui.. 104 toi NITclaiiM'i.t'X)! Ollai XYU'eltftieat 40 33 I U I 3D 69 17 S I I IM : 11 1 5 ! 371-j ssu 104 -f- I j 104 100 ? lOOTa 117 P,' 117 v:H H 94 91 - !i 04 84t - 4 IW, CT 70"a avi to 83'i - U oi 110V - I, It 8J14 - '4 W"4 81 (C),' V 100 101V, J- M 10P ItC'a H 114 lur-i i; iwi lOtlv - I',' 10314 toot,' -' tw 98'a 'a' 8' l:a tooa 87U VPi 8IM 1034 89 I Wi 88 ' 97U I07! i 187! Oil, '. i evv K! 93'4i tlo!, V7l4 I 91 ' 94 105 I0? tom ICO1, 86?i Bertron, Griscom & Co Mmsm Nar Yrk Slock Eschtuife. Investment Securities We specialize in organizing', operating, financing and selling the- securities of public service corporation?. 4X) Wall Street, Ne-v York. Land Title Bids:., Philadelphia Mi 134 87 US'. 84'4 3 3'., I0!4 -r ! t03'-j 1011: 13m - CSV 118 95,' - '4 n' j M 03Ja ti HI1-; 82-t l4 -1 ISO 113 en,- - in t mh :h iis'4 wm OS'ii - H M 10 834J 4 toiVs -all toiwj toii4 io:i-j -:' toa ica-j 74 - ! Wi 78 W)4 - i 4 taer . . .. 55',- Mi - '4 Vi II flLASrco4. J f a -3 M fi 92 StLAttFfde. 79 ; 79 ly Sl'a 7!4 14 M ISW'lit , Ul'i 8-; IO'; IK'J II Srt.SWcoo 4s. Xi t0t eofa 4 79 1 MPAKC44a. 90 r9'i 90 - ! i M',' SP MAM cola. 9V-; Wj SSJ-j - U M IW4 3 it P M A M M ' et 4 . 77 97 97 Ui'i 97 7i. AAAPax4a.rs',- M', M)U - U :'a e!4 17 Sao Paulo fu av.j 9S'v - la Wi 0714 A reabd A L 4a stamped. . 7'1 St'.j 7'4 '4 99 73 Seab At. adj.. H'. 79 78s, -Ua 4.',' 79 So Pa? 4 . 9?i 90 90 ic' 90 33 So Pai- ref 4a. 84 94'a 91',' W l.'a US fJ Pac cv (a, 04 94i 841 97 w'4 It froutti Py 3a lOTlo 10TH 07,' - i 103',' t07!t 4 RT em 4. 7." j 7 7S , 7!-s 7 1 HUad oaa a. 104 uo'i tw-j 101 too 13 Tenn Coal I A rtn rn s...to3 , iof io:s , tosi, ic 3 Term IIRAl .SIL4S 83 93 1)5 J- !v 94 84 4: TeaaCocv(.l0Ui 101'j I"1S - lo:!-i 8t!i 6 TeiAPlatSa.104 101 104 II OH 107 15 Third Ave ref Is one.. . IC.1,' SJ'a Si's, - aa SI',' 33 Third Ave adl Sanew.. . . 73 71U 7i',-- j SO',' 70 1 TolO'OSaetfs.. Oil, StU 94lj -f I4 03 81 3 TAOCeo lat.tOf' t04 IOS'4 Wi I0fi 14 T St LAV,' dt 4tOI7. . AI M 4 -fn 734 414 4 TILAU J',a. S4' S3' ri5 S34 Sti Vrdereroynd Maaha!4kktd. uvi 61 Marine clll'j itt'a 0 Mlrh KtattTel ia. , . ' 1 Mllliaalatla. 9'a 9 a 70 of Loo tne.. !i n 90 74'4 47 U Pac 4a . lOiAi 100 intil, ! JCCH 1"0 14 U Par ref 4a . 97 95' 97 Wj 9 193 lT Pas cv la. to; toiH lot', - 'j 104 lOl'i 3 1; s 4 rec USH lli'a tis - h utH nsl I VS3eoup.. lnjt I0!l tOI'a -s , IOS'4 tnilj 3 USPaniie . .10IH lots ins 1'C'i 101 & v s nityA 1 a 90 s' m oon m'j 4- l!.SRnbbrrea.l'M'( 104 104' H ITaV ICS1, :c i s ?teeif.i. 10344 iom io:i 104)4 ioii It t'SMIaf3src.l03!4 103'i ICC!,' 4- ), 103 101S in Va ti Drou-n I'ronACo ctf 87 M .17 i M 4U 49 Va CarChlat. at 9 04' tool (U 4 ICACJ. 931, 83)4 83, U V'i W 5 tfabaab ist, .t'HW 103 0H 1 tor, 10P4 ?1 U'abaab 3d. .100 Mi S84,' !,' too'g tm Hi Wab Pitta Ter llylallaeif. 34 X'4 34 Jlv O'-i 3l!a WabPTHylit 4ColTrlf. 34 I'-j S4 31.,; 4P4 Sll4 37 Wabaahei4a. 6SH ! ot.j ;;u 31 tVab ea 45 tq Trctfaatd.. M r.V, M -I eH 3S 6 Wrheat !,:. tOSlj 103 lU'i i-j IftV,' 104 U WetnF.lecS.0' I01i I0!,' 1034 I01U 13 Weajp Md 4a. Wli t 1( M'-j saa, II W.S'APaltl07 107 107 lo 104 107 1 -.'VAPto4e. ("'a MS - H M'a sflA, SJ WeatShore 4. Wi tv-i oH 1, toi 93i I WeatKblari. eAf ii UHi i- t, say 97 15 U'eat I'u ra 101'a t0U 10IU j m't 101 8 Weal l!o 97 Otli 9JV 101'j e;! 13 Weatlocbouje Llec ev , 93, 94 'J 1 - S U'a' 93 . WtKilng bouje ontes.. . . 9',i, 97'i KH 4 IMaCent 4., 81f 9l'j 0lH-r,' Rend Salra. tastnreW,S1011S.OUO I'reMoub wnek,8,a83,000, Jan. I to date, S3 Ad, I 7 A, 000. 1 ', teller lidaia Hal. 8 83'4 91 7.07 Is the Average Income now being netted by ten selected Public L til . ity Preferred Stocks. Individual investment features of these stocks are shown in our newly prepared investment circular. William P. Bonbright & Co. BANKERS 14 Wall treal New Tork 16 r,firr M . 3ninn llnip .onann, i 4. IRON PRICES EXPECTED TO GO IIP NEXT MONTH Finished Stoel Products Also Will Roach Higher Level. S.v Experts. ADVANCE OK A DOLLAR Steel Corporation Allowed In dependents to Take ; Initiative. flnnrrtiiniliaci..Donnufir!niirl uppiMuiimodiuiiiguuibinig, Losses on Bonds, Lrnrln? ttir prrliil nf hlj1! (.- 1 ltrlees a f-w eirs .-i r.ianv o rall'd feme 3Hi. 1 snd i' Iwnrts tfre pnreliail st ila'jr" i-nnlderat,l- nt'ovr iirctii y,.ji.'i lloris. tVc Mill Olt.ln" .1 l.,-llmi hereby, nlll-.oui Mvjlat! ili ihe loe nn tiirh Inti atiiriila im be recovered. H11O ulll innki' ci reeommend.iilr,n iiio:i n-i- tl a the namr of the .ih,i.. v., 1 .,n c :iainl. .unl i-o.t irhv. CorrcpoLdenre lrif F. J. Lisman &Co. Uembera X. Y. anil Clilr.41,1 htuekl.xeli.it.; 30 Broad St., New York Fhilidilphia Chicago Coilan NaMford 031 oo'-a 9)M - i,' (.1 i - 1, 101 noi. 08', S)' I.U'a 3 MI1AN(iilSI3.l0P, 13P, 101, - a, toil I MIIANor 4'ta.tOO'i I'J)!, I00' - i,' IW, 10' ; M A St L4a. . 3 AI fi tu'a 10 10 MSPASHM 4a. Da14 904 W'j r 'j r.'i nt 3 M K AT ci 3j. H) 100 100 l!i 03'S 100 11 Mo K A T 4s , 1)1!, l't l'a 87 Ul II Mali ATSd.. Mli wi'i fJ! j - , H', Hi 1 MaKATfd.. 77W 771, 7fij - 'i M'-j 77!-j I MoPaocon .101', toi!,' 1011, -1(4 10,' toll, 13 Mo Pae ev 3a. SA'-i M ft ti S9H M tS Mo Pae 4a . . 73 70 71 -1 73'4 70 3 Monan'eLa Tes7a., . .Ill1' 1H?4 HI), - til'; III, I Mor A KJ I.I..1044, 1041 1044 - 4 103 till', a. NmvaauWcola. 77?i 77!-j 77'i - Ij SI 77W Harriman National Bank Fifth Aveiiue and 44th Street NEW YORK CAPITAL ANI SURPLUS .. $1,000,010 DEPOSITS $10,000,080 Slisfrtor liankinu rrUtlon tomprehmd the Mfrguard of rund, effiricne In lundurting gtniunt nnd thorough undfrnitndlng of rim Uimers' tlrutnrUI nf4d with wlllingnriw and nhllll)' lu mert thorn. I'hi' Harrlmin National Bank offer In addition every bualncti tourlrj, ronu-nlenrt of location, and Ihe advantage of ritrndcd hours. Uanking hour: H A. M. lo 8 P. M. SAFE DENSIT VAULTS ANI STIMII CPIN FMM I A. M. Tt MIDNIIHT BRICKLAYERS TO VOTE. Will Take Itefrrendniu t Join Ina; rederntlon of f.iahor, Kor tlir fourth tlmo tit about twenty years tli' Hrlcklnyerb ami Majons Inter national Union Is preparing to take a reffronrtum voto on Jolnlne the Atnerlcjin Federation of Labor. There aro ?69 lo cals of tho lirliklaycrs' International un ion with nn usureRiitT mrmbertihlp of about Ttl.OOO, of which 11,000 are In tlpNtter New York local?. It was enld Ina! evening that tho proposition to af filiate with th A. P. of L. will bf op. pofffl ,y the New York loeal. which havo oppoceit it before. The tirtrkayor In New York have op poaeil alttllatton with any of tho local ventral bodies of unions In the ImlldliiK trades, partly to mold belna entonnled In nynipntliptlo Mrlkea. They lire th high eat paid hulldlnu niech.inlra 111 tho I'nttul aiatoe. PttTar.LT.o, Aueurt 4,-Pistroii will .it tain the price level of December. Ifio. hy the first of the eotnlnc month, and flnlaherl sten'. product will (ret back t It hn lost since thn epn!n of ion hy Octo ber 1. That is ihe scner.tl prcdl'-tloD in tho steel trade, alter the erie.4 or Jumr; in price of both crude and finished prod uct that. empuat..-cd the sli'uatlon -Jurinc the put week. As ha been the ' I" near!;- nil oMtie prl-c Advances nince .lulv I, the Meel t or poratlon nlloweil the Independent", to takr the Initiative In the advance of II n ton in plates, shapes and merchant Meel durlnr the week. The Stel t.'orporat Ion h not vet made formal announcement of it cbamxe of price, but l quotini; the i-.ct prices, where H ha any product to i-yll. The nw mlniinums nro 1 rfc, Plttabura mill, for l'tr.a, nnd t.::'.c. lor pla.es and ehapc". Before the eloac of tho we.'k some of the rnstern mllla ero ijuouns on the baela of 1.40-;.. I'lttsburc. tor piaicj. i r-. .Inll.. rli.t In ihlsl dlatl'Ict OS hlnh as 1.43n. and I..VV. has been paid on platea nnd plain structural material. These prl'vs compare with t.ose nr,l I. toe. for bars, and .!ic. for Mii.n.'a and pistes a ywtr ao, caln of SS to W n Ih , the present official price tn thl dltri' t. however, ftlll arc t to 'i und.'r tho price of theopcnlnsof ion. Wrouuht Iron pipe, charcoal iron boilnr tubes and heavy etecl tuhlnir tor oil country consumption wcro ndvanced S3 a ton elm-. Ing tho week, to conform wtth the new prli ce niuionnced on i-teel pipe and llahter lines of tublncr ,-i week earlier Katlrpart t.pl ; also caim-d ? a ton, Report that nn nd vanea in tin plate waa imminent were, dented. Crude Moel t scar'er. with little hone or relief until tome of the new capacity in open hearth manufacture com In opera tlon. about tictoher 1. With the f-ettlement of the coke im br"Tliiand the offerins or prompt furnace I cokc at, to e.,-' -' i v..-...-.. put of plK iron In this dU'rlct ha been re. yno.1. i ri I'l'i'i"' !',"i.,"v r;.;,. lliavy tnirinc in'- -i;. . ..- tin Iron totalled more than w.mio ton for Woallnchouee Air Ilrahe, for dlier Into the tenth (iiuirier. , i i ,."n,irv mul Imale ron are tin fent. belns finotediit lin.T.n alley rurn;n f'rauy dellten . (..ilee of No. ? foundry Iron nt this pri'-e liavlni: been eloaeil jestcrilay. lie make or pK- Iron In this dtstrlct ilnce the middle of .Inly has t-een under th rule ut lorteiimptlou and ftocks everywhere are "Yleaiemer Iron sold, this y".. ' valley furnace, the highest price ! has broucht slncotfie enrK '""n'.-Vi'of Inoillrloa ror tonrth .manor deliveries ol lesiemer at the elo-e pt tho week developiMl the nuotatlon of I5 furniue. or l.,30 tlellvered Plttahurir. Xorth nakiita Wan Farnihsna'a. North Dikota looks tor the lalifnst crop in the history of the Mate, with the possl Mlltv that thflte -nIII not he help enouvli to store It In Rood shape betoro winter set In. More tluil K.mVMVi acre In wheat alone i tli htorv inai i oi im i ,'i .rt ....in, ii r- ind iJhor V 'llbrcth tells, nhlch mentis ai lean, ii''."m,". inijiirie eared for. Her 1 it chmoe lor lh l.astemer who la not araltl of woik to run nut WeNt. see the country and lucldiitally mon (him ruiy evpeti?'' U' proyiiiuy lie in lea"! S3. 30 Per dlom with boird.und 'totk In iissined until siion I'.Ium. Duy the securities MMir fav ings b-i'i!: wutild bu ,3!'i! get the income, 'i ou c;in do it 1 1 trough our tckl ! t service. ?ind for C ii, ul-r --''CMJ I ,t ." JohnMuir&ft SrecwLisrs In Odd Lots Member .w lork Moek Lvehans". Tl BROADWAY. NIWulU IJ. K. Bice. Jr. a Co. Luy or Sell j American hlann 4 om. & l td. Mm I. I All1oale linn A I hi'inlalr s,(utiir. a inpHiina.ianuialliii;-itef-irnlni( ti utmh' Child iReataursnti I ni. I'ld. Mi V 4'oloradn f'liel a Inn I'M. Mark Klertrle Prnpertlei 4 nm. A I'fd. Mi'l ienerl nen lnpnunl smrV (ieneral Baklm nm. ,V I'fd. Mnrk J.K.Rice, Jr. & Co. I'honi 710) lo ;-8j Ilatm ..t " d',1 flmi lionl WANTED American Light&Traction Warrants Williams, IVicConnell & Coleman I Bonds Sleeks I MSJT.II 9t.,rhene4BS John, Xtw Ynrl.. LABOR SCHOOL OF ORATORY roBfeetloner. Waal n Impirvar Rrain4l of Union Mprahlaiai. A school to train men and women -4.S ;akers on woman sultrago and labor i"ihj'!t w established jeaterday nt f'llnlon Hall, nl a me.. tine i ailed by the landing committee of the unions of b.ik era Miro44liout the city, Ihe school will meet every Sunday for practice. It tnrt:i with nftv men-ber., nnd Jnph rioldstelri, arn'-rnl ornanlrrr of the Jo'imiien linkers nnd iVufe.,. tion"r InlntiMtlonal I'nlon wnv up. 'o'imil Mi rinteiiili nl Henrv Clews & Go. rta.tki.HS ti, is, if, i; A.sri tb Hhu.to f-r MKMnF.u.H . y. stuck i:xrii.4,v,i: Htorlta and Honda bnuctii and "M I r lnveiora and carried on llherel term Hanktnc Ariounn rceUed fibj',-' t eh'rk at flehl Interest paid oi rlallv l,"Hn LETTKRS OK CltCIHT l4iied aal!aMe the w.irl.l in-' We offtr a Prtftrred Stock to net 7 Write fat IrinUr II, Jas. B. Colgate 4 Co. 3 Wall Sl.TNaw Vark E. 4 C . MM DO L P H Mcmberv s4 ork vk" ""iiiina SI I ISroaalwsi, ra.n Inrk, IPEN MARKET SECURITIES lEPARTMENf lluiawe Mat,'!) Mcr. T. r h;eld4, tlotid ' Prileia In lu , elni-nt and iitH.r ieuiltles t tk Lolled Siaiti, i.aasds aa4 Utako American Finance & Securities Co TIMBER BONDS 5 Nassau Street New York International Nickel Sec. & Rights L1NDLEY & CO. Member i Men ork Mock eti4nj,. T.l, Htt Si.ei.r inn rimailwai. ' Wm7A."Read & Co. Bankeis No. 31 PINE STREET BOSTON LONDON W '' finild I l e hlirl',1 in" American Malting Co. ? er a , n hl ll I I I 1 ' U1I I 1 I'M i.ili AIMH I'll Ki:iTM 'I lirca'l 4'J jU .m""I