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10 THE SUN, THURSDAY, SEPTEMBER 16, 1915. 100 Years A Commercial Bank THE BanK 192 Broadway Cor. John St. Capital and Sorplua, $3,500,000 KftMorat, 40,000,000 Omrtrr Member N. Y. Clemmi Hon Member Ftiettl Rtterve Ban Wt Invite Your Account FINANCIAL NEWS AND COMMENT Wff Tsshps Contlnnp to Provide- Features of Strength In Market, NEW YORK STOCK EXCHANGE PRICES RAILROAD AND OTHER BONDS. THE CURB MARKET. FOREIGN LOAN FACTORS -41 reins - 71o A-k 821 48 4 70 41 II II U m ii 69 DIT I Rt. 33 I 434 71 IS ill 4 97 I 1,14 i;!4 Railroad Bonds Cwnpiilini We hi vr peeps red t booklet an Railroad Bonds which gives in convenient form tome of the prin cipal reckon retarding the bond laioet of most of the principal railroad in this rountry. It aleo includes the income account, man afemmt, cspHalnration and other information of interest losrsasatn. We will be pleated to mall ta hv vectors a cony of Booklet Na 204 Harris, Forbes & Co Pine MTewt. Corner William NEW YORK IT- Wassermann Bros. aremr-ers .V. V. Stock ' - ' ",.- 42 Broadway New York UPTOWN OFFICE 527 Fifth Avenue (Bammon Sit'l ti - l .g We Invite your orders in STOCKS BONDS GRAIN in large and email amounta The Financial Situation IltftraMeH In eur hp hi i if vtus LMTTMM Copy Frte t,n NrrjU'tt. We Deal in Aetna Explosives American Brass Atlas Powder Babcock & Wilcoi Du Pont Powder Eastern Steel Hercules Powder International Nickel Mldvale Steel New Jersey Zinc Phelps, Dodge St Co. Standard Screw Savage Arms Winchester Arms FREDERICH. HATGH&GO. PbenoRrnail M40,:io Hroad M..e Tork PrrvdN t-ltihone to BottOI ni I'tULrndflphU Eastern Steel J.K.Rice,Jr.&Co. Phonea 4001 to 40i John IS Wall St . N Y Although rhr- large unrs-Ttalntlan In volved In the negotiations for a hiicr foreign toan continued tn hold the stock market In cheek the aoeislon yesterday exhibited the same charneterlattra of underlying firmness which have been i manifested for several days, accompanied , by Indications of aggressive rising ten , der.clea. The dealings were on en un ' changed cats Of moderate iiotlvlty, and i although palpably professional for the moat part aeem-l to Include something , more than mere trading: operation War I storks atlll provided the advancing n turea, hut none of the token of the market recently are prejudicial to the theory chat railroad shares and other i more or less standard Issues have been Ultdl rgolng a process of accumulation. The list was at no time Bn.vy, and n-- i pert a of str.ngth prodom'iiiitid at the 1 cloae. , Houtlne news was all of n favorable 1 character The I iowrnment'.s weekly m- pori showtd thai the proton gal nd widespread period of exceaalvely warm weather had been helpful to the crop A pronounced note of optimism waa Htnick lii lb Weekly reports of condi tion In the ateel Industry. The trade is desert bed as busy with calculations for the early months of next year, and signs were afforded that n ruah of rail road buying might be expected soon. It waa said that there were more locomo tive orders and Inquiries In the market than for months past, and the equipment business generally was more brisk. This Information (Its In with the known facts i about the substantial Improvement j which has taken place In railroad enrn- ! lags- Matters relating to the diplomatic ! contrm-emleB In wltlnh Wajshnarum boa lawn ensrasrod nttnuted re'n-tlvely little 1 t.'tentlrrn. The more hopful o,hn nicCec of WasaMnggotl and Iterlin adviOSS w;ls 'nterpretod to mean that at leeet sn 1 ( her ilMs&Frwl of diminish, l leQgMBI had begun, although the final ilsl oonsnrurrlty i not altogether enire thn.t fo-elg-n po , ht..-al affair an Is ki"pt out of the nH important Interrsat iotuil imci negi.ti.i i lions with wTi'iOi the hanking and bOSj neaa eocnuMaaty i now nv,Mt oonoacrsaxl. No surirrlee has been felt over the di rect ton of the hyphenated propasnandA tnwmrd efforta to htru,,t the gonnsss). : fit arransrem.-nt of a it grant of orcatita, primaHcy deena-ncd Pmm the I j, .nt of view of Artvrlcan Interests, to I maintain the vnntry's extrt trade with it Iteneflclul Influen, on domessilc ooti rtltlona, Init tt doen not appettr a all rrfoatiy timt obatmotirs sffepjrpnaa of thla sort can aocomplwh anhtng more than hits leen don.- In the way of check ing business In war munitions. Neither does it appear that the ohntniotlonlsts haw any valid ground for trying to make trouble at Wunhlntrton over the loan nssjoUatlons. Nev rthelesa bualness and banking 1n tcn'sts would like the situation better if Washington. Instead of Indulging In roundabout expressions of subjunctive opinion, would take the first occasion ; offered to announce bluntly through the 'state Dopatment. the Treasury Depart ment or tl.e I 'epartinent of Justice that there waa manifestly no conceivable warrant for Government Interference with an undertaking designed to keep American trade going. In cidentally It might be remarked that there is an Increasing feeling In Wall Street that there should be no assump tion that any banking house or institu tion Controlled by American eltliens would want to he left out of negottatlonsj Intended to effect arrangements for the advantage of American trade and in dustry. With respect to the details of methoda or terms for establishing the credits required by our foreign trade opportu nity Wall Street ia less concerned than with assurance that the requisite ac commodation will be provided to foreign borrowers The need of ample grant of credit, If Oreat llrttalii and her allien are to trade with us oa much as they would like. Is clearly shown by Mr. Asqinth's statement In the British Parliament that the cost of the war to lireat Britain has risen to 131.000.000 a day and Is rnpldly rising toward III,. I ,100. Comment might be made, how ever, that this demonstration hardly -treiigthens the contention of the visit ing finance commission that our grant of credit should be wholly In the nature of an unsecured loan. M!4 IIOU all 4 Ml 4 914 II loo 101 II 1!I4 3fi ,1ft 26 an-, ion 80 2T.', 2U' 37 it Km 28 81 107 82 1474 153 M4 lll,l4 123 SSf ins 3 4 714 ii !9 103 804 14' 101 ' I '3 233 44 I.3S 71 s 101 4 It I0t 10 . Mil, 704 34.r, III 61 1084'10l) 83Ta " r,.-,i4 174 44 1514 414 48 M4 "in, H3, 714 34'1 1B0 r!3 114 i 144 1M4 44 A4 441, 414 127 174 114 94 454 17 1KT4 174 87 944 ior.4 1014 III 412 97 184 21 30 114 114 42 171 2" I 112 .14 41 U. nil. 11174 88 34-, 2"4 74 104 II 59 114 1 13 425 log 214 1141 K'lij II 4 404 724 30 41 1714 22 It:. 11 4 114 107 85 S". ! 104 711., I4 2I4 5! 70 14.14 141 0 119 45 "74, 37 I 4 174 4S 117 44 M. '-. 3H4 85 4 174 57 4, 23 144 14 81 U I IU84 110 12" 4 124 634 60 67 H 10 i 26 7 H4 II 4 144 II 30 MONEY AND EXCHANGE Suggestions for Investors may he had on request A. B. Leach & Co. Investment fterurlttes 149 Broadway, New York Chicago I'hlladrlphla lluffah Huston liitldinore London KIDDER, PEABODY&CO 118 Devonsh.ro St., 1 7 Wall St. Bobion. NW 1 or k ' rrspsi,U(,la 0' BARING BROS. & CO., LTD.. London 45. M.-P. iWarpft. & C Inc. 49 EXCHANGE PLACE NEW YORK Examinations Liquidations Reorgan ixa tions GIRARD TRUST CO. PHILADELPHIA AaTBBBB ias capital and Surplus, $10.000. 000 c b MOMMA Prsslssal w N BUY, Viae PrssMsal A JACKSON VrS.Praf4)sal C a PAQa Vlss'Prsslassrt a ii ITUART, ii.i Trsssursr ti w stORRIA Hsstslary Tlve New York Federal Reservw Bank rates were 4 per cent, for thirty to ninety days and 5 per cent, for longer billa tien market discounts, prime accept ances, maturing up to ninety dayn, 2 4 0 1 14 per cent. Commercial paper rates were 3 ft 3 4 per -ent. for sixty and ninety dny bills and for fnur to six months bent names; .'i1. to 3 4 par canu for others. Call money on the floor of the Stock ESx Changs yesterday ruled at 14 per cent; hlgh, 2 us-r cent, ; low, IV per cent. Time money wan very quiet, with rates steady. Rate, were 14 per cent, for sixty daya, 24ft 3 ier cent, for, ninety daya, r cent, for four months, . 3 ''( 3 4 per cent, for five months and 4 per cent, for twelve months. Sterling exchange advanced. Final quotations were: Demand, 4.66 ; i cables, 4.674. DomSSTtia exchange on New York: St. j tVmls, par ; San Francisco, 4c pre- ' mlumi illnnsanpllg. 30c. tremlum: Chls 'ago, pari Cincinnati, par ; Montreal, 2.r,o. Call money In Ijondon wan 144494 Per , cent : short bllle, 4, per i-ent. ; three niotiti s tillls. 4 ft 4 4 per cent. liar silver In London, 23 -16d. New i York, 4 8 4c. New York Clearing House statement: Exchange, $324,33r,,205 ; balance, 18,- , 0H6.S06 ; Sub-Treasury debit bahuice, i , $138,349. - Live stock Market. HeTrtemher IB. Kctpfa ef hee were 2.4S;. head, In I eluding care for the market makbiK. Alih prevlima arrivals, 81 cam on sale, of A'UICh .',2 cars wtre steers. Tile demand ' sa slack and prlrea droppml lijf20o. nn ateers wlthntlt a ,ilearan.'' . bulla were I ilso unevenly lower, and rows, with the 1 exception of ehelce fut stock, shared In In general neiiiiie. ' onwiinn tn choice it. era sold at . jt- . per loo igs,i bulla at 4S.Tr. fy $S.7S . rows at I.IIS; i.n tgtrs tOS or two at $.2;i'$ e.5D. ,:,.. l ,rf was quiet at l?iUc for olt dressed n.tlve side, wllth extra .jci'llv ee'.llnc at ItHe. ( Receipts of OSlvas were 1.711 head. In n ii.llng 1 2P0 hend for tha timrket, mak ing, with prsvloilS srrtvala, 1 ltf.4 n l V. His wire If. ifitte lower; sraaeers. year ling, and aktm milk salVSS alio. it at.nly lc.lt flow ,'oiumon to chulca veala .old in IOt,l4 ?er lOfl lb.., slth II? 2.-, a gensTSJ nl price, calia at 40f, gr, lasers at II KOf 16.1,',. PrSSSSd cab.', easier at 14011a tor city .Irieaed veal. H i 1 7e for country clriniae,) Reoelpta of sheep and luiuiw were liasd. inetlMing ll ears for the nwrgel . I.eep Were Sle.t'. ItltlllHI Weak tO lower 'Nuncnnfi to prime shasp fserss) ao.d at 1 i '' per 1'in isa. , cminon to ginnl l el, i-,.,i .t i?d, lu ii ..in, .... -.. -i : me fered . culls at f 4 i mutton slow al T!lO-i dreeaed lam tie weak at 12 u IlUe . a few hog dressed aa high as 14c Keeelpts of huge were f, head. In- tin ling ? rare for the market Price, vsrs firm to 10c hlsher. with asles at I ui.60, roughs at IS. as. 141 147 , 6 124 1124 " C-1 117 4 .. 264 27 1094 l"e 6 ! 72 7S 5 ' 1074 107 7 3 '-I 1 30 30 .. 32 1 86 .. 1014 io4 6 in; 1174 7 33 33 '4 . . 1004 1"14 6 614 62 1004 1044 6 1114 161 s 22 4 224 15 311 ' 39 4! ..' 43 ' 43 V . . 1194 i4i 11 41 4 ... 14 4 ..' 7 74 14 144 ..' 153 i:,44 7 lln 1 .. 7 4' 5 I ..' 884f 89 j ir.' ir,1 604; 61 I .. 58 64 3 734 74 r, 1164 11-: 106 : 1 os I 7: t 554 ' 554' 12 ir.44 1654 10 5S4 59 , ..' 12H4 1204 8 mi 4 81 4, "1 I 101 : 104 23 4 34 864 r,i 1 4.14 103 56 23 38 83 50 714 113 67 37 59 116 117 I0 2:10 2X4' 294 42 48 764 764 III 1ST II I 14 11. .11.0,.. 1 and "11.. . Shares, WrtiNrsnAT, Surrr.MBiti: 15, 1915. I Sales. I pf. 1200 Alaska (5 M r.lL'im llis-i-halmcrs . . . 480OAllu-Chalmen pf. 900 Am I led Sugar. . . Am .g Chera Am As Chem Am ( 'a n . . . . Am Car F Am Coul ; rod Am Cot 'II Am ( (! .;i iif . . . . Am Rxiir ss II .V 1 ,i-ii titer. . Ice Am 700 10 393011 4120 ir.00 31111 It, 20" 200 29ic 1900 Am I .in. d Co 1" Am Llniu cd Co pf. . . 2670 Am !.,.. 1 800 Am Loco pf 100 Am Mali if 4100 Am SmeltinK 200 Am BmeKInu pf ion Am Sin. Itlng Sec. . . . 50 Am SiiiilT II Am Btl el Fily 2011 Am Hugar 100! Am 14 A Trl 100 Am Tobaeoo lr.nn Am Woolen 100 Am Woob n pf l700Ariacondi 1700 At. h, T..p fi S Fc . . 400 Atcli. Top A S Fc pf. 101 At Coast l.lne 970o ItaMwln l.oon 100 FiMwin liOCo pf 1 110 b a o 100'H A pf llOOIBethlehem Steal 1100 Bethlehem Steel if..., 1160 it F C o Irleb lOO H F tloo lrlch pf 5011 II It T 38r.n Muttees) S Cooper..., 100 Cal l'et 600 Cal Pel pf 1100 fin Purine 1100 Cen I.. at!ir 26n.i C A II 400Ch, M I st n 1240 Chi 11 1 rac 5oo Chin 1 Copper iitoo'coi ra 1 Fno Cons Oa 7on C,rn l roilu.ts 80n'Cop' Ccri 4a7m 1 !ntclhl 1 Rteal 1171 Crtte bla gteal pf JO0 Dei . Hud 00l Del t. W inn per.' 'n pf 1100 Dlstttlei Sec 100 Dome Mines II600 Brie 184)0 Brie is- pf 17oi. Ki lo 2.1 pf 200 F.I... trie S R ion Fedora M ft S 200 Feil. rul M A S pf Mill I iell Kb 0 CO 1150!Oen Motor 292 (len Motor pf s 30. . . i N.,r pf 73'iu 1 ;t Nor ' ire tfs ion flugganhelm I'm 1 H irx ester N ,1 100 Ha vans Electric 1100 Inspiration Con 3no InterNir,, Con 100 Interbora Can pf 200 Inter-Met 600 Kan City got , 1"" Kan City Sou pf HOOlLach Bteel 100 Lehlgb Valley 7 1: Long Island ion I, ft N 19o Maxwe'.l Motor f.'o. . . 1100 Maxwell Motor Co 2i"' Maxwell Motor 'o : 42iii Mi x 1'i t 1400 Miami ( Copper. 100 M tntana I'ower ex 1010 Minn .v st Louis. 41" Mum . Hi tsOUla 100 Mo, Kan .V Texas, 1 lei Mo. Kan Texas 13, "i Missouri I'.i. :h. . 800 Nat Cloak A Suit 200 Nat Cloak A Suit Open-1 Hlrh-I Ixiw I Cloa-1 Net Ing. I eat I est I Inr I Changs 33 4 ! 33 4 ' 33 I S3 I 4 42 4 414 . 424 , 434; -r- 14 7ii 4 1 72 70 I 704I 4 II ' 114 164 1 4 114 114 hi : 6il -1- 4 114 IS4 114 114 61 4 II Mj 61 4, 24 184 69 4' 114 694 1 1614 1.',: 1501, 1-014; 1: -,04 414 -''4 4 I 9 I 96 1 96 I 96 I 101 lill 101 101 ' 1 84: 841 H4I 14I .. 24 ' II4 21 ! 254 1 21 ' 11 4 Ft. - - 4 36 .",114 ::g; 314 1 4 . 174 51 '6 84 97 mo 1 97 1100 24 I 26 ' 26 26 26 I II II 104 804 4 l"ii . Iitr.4'106 4'106 4, 4 81 81 ' 4 1604 1604 1604 1504 52 I 54' 52 j r.44' 24 1014 10141108 1"84 4 111 123 III 123 227 227 227 227 I 41 414' 43 44 4 94 I 914 9 94 -f 714' TI4 714 7141 Album j'xp 4a 800. . .7 4 2IMHI "1 A Am Hide I. Sa Bono. , 1 11 11 Am Smelt sec ra leou, . 1 nHta Ami AT rs 4i inon. . 1 o 1 14 Am T A Telt la ttena.11, H7 .tlt'lOO . H 7 Armour l1. 10041 11000. ... U I is toOII, 1 (KM) till) .100.1 6000. . .'I 1 is la, IVml 4if ATAsfcv U 7 1. . 1 1. u I? I pop, . 1 11 1 a, loon, . 1 nya, j T ft .I' ,1 :. Rrts 1st con 7a mssrsfi (mi, n im, 1 inn 1 sen .. 1 ooaj rle 1 : ami", .lull, 111 ISOD 7non '-til t)na4 Krle c Imlnairlal gpeelaltlea td.Ho.c gnbmnrlne Boat 8ags Aanln. Stocks lUsplnyexl fair strength In Transactions From Opening to t:tfl P Alaal.u (I rv 0s iCoinl'rod 5s34,Y("lly 4 ,e r4 ! IM0..IBS I 2oiai. . . .0 4 I MOO. ...g 84 I Cub'n Am siirss ;r,ooo us., 1..I..U. I, .. V I ,,, I. CtitnbTsils 1000. ...11 4i ; market of Increased activity yenteruay. won. ...07 loooo. ... A tit was In Imlustrlnl specialties that 1he largsal galna were made. Cramp Ship- GOSSIP OF WALL STREET. lielAllud v 4a NVMIftllcvna 4111m. . I OIHa nnnii 111 lien A Itlolir 4S NVMIAII 4e VI IB00. us I 2000 7 7 1 oh NV Ml A H rv Den A RO reiki I :iis aiii'n. . . . 4 ". , 40110. . . . n 7 1 v Detroit Un 4't S Y Uyi adi 5a .7H 1.1 On a-oii. IT A 2 'i. 7000. I 4 4I10.-1. Ha, AMI. ,WO. ' 2ciM). 1 lonnn, ! l.'.OOO 1 11 1 inn. MS 1 .III, biono 1000. .41) NY Tel cm 4' is I 5000 ,..,'ift lono , ..vols 11100 I 11,11. 7.1 uil II .1 1 1 41IKI I f ft I 1 roofl ii.ii. aer Nr AW ev 4'tis . . 11 4i irooo. . 1 till I ll 4 Norfolk W 4a , 4 er 11 Bonn. . , . B7 Ej ..701 1 NnrthP.irlfle t ' (1 .inon BV1! 1 Oil 2000. ...mi's. FrielVnn coal 21- KOI, . . . H II I 1 ...Hills ...sn.la ...sin. ...Hill, I'ls Nnrt'i t'.ir:1r .li 1 Jr 11 a inn". . .iiKU : 10 , ua's ..11014 M4 . . 103 , .' 80 , . 106 ', M4 . . 70 i . . 150 , . 111 4 , . 63 . . 1084 l01 101 top, 99 98 4 103 '103 114 80 106 101 S3 4' 83 4 704 1014 99 103 so 106 114 0 4 4 1 4 PallAil told 1 ". : . -l 1 1 6 as 'V! 84 I ll ' 174 1 14 1164 ' 114 474 SI4 ' 114 II 4 -.4 1214 ' 17", j Si's i 114 '107 0 i. 3-,0 34", Sill 1694 1614 1.'8 114 c: 11 in si, 84 ll 'a 174 41 1614 44 47 4 S4I, 20 US 484 ti 84 67 1 17-: 444 151 44 4 ts 144 22 4 45 I r4 11 ".6 107 174 S34 1061 l'"4 84 114 174 II 161 4, 44 48 1 '44 20 44 4 46 127 4 17', 86 I 106 Inl. 1 Pajwr (is Mil, I . IH1.I4 IBM Pmp tat ; lion fill 14 r.nn,i r.oo-. . 1 11413 13. 4 131C, 114 FI94 I! 97 : 114 214 304 ' II 404 172 ill 1114 Ils4 II 6 I , Ida 415 1415 111 97 214 3"' . 114 404 72 4 26 434 172 M ; 11 1 no, i-'4 64 4 108 3 1 16 26 21 '4 31 50 l4 724 26 41 171 ire, 1 1 s 4114 6 1 4 IO7.4 85 34 714 2"4 -"4 S4 71 1 124 46 7 I 4 104 214 214 ll 614 40 724 U84 n 4 1 14 4 1074 85 I 3 1 4 I 20 4 714 204 26 14 64)4 4 14 4 2 1 4 4 3 2 H 4 "4 4- 4 1 ' .,'. 1 11:14 1414 1414 49 1 46 ' 49 II14 lis'- H84 Pf.. pf.. t s,4 :p. 4 4:, 4 a: 37 l"" Val 3"n N.i- 1100 Nat loo Nat xnu Ne HlH.-llIt C Lead K A S . . . 1! it Mi x ada 'on . . .Hv. pi!'.!! pf'.V. nr.. 104 104 1.4 1 l 34 614 11 34 114 1084 109 ,. 12 pf... MOO N 1 P"i N 1 s 100 N Y Air Ibiike. Y Central . . . . y . n 11 .v n. y 1 inl A v. 14 144 141 122 644 27 4 44 87 114 4 674 8 24 64 1 1 34 814 1" , 1224 63 264 1 N'orf ,1k A West 100 Xn American Co ex d:v. 100 Mortbern Pact&c 100 1 int S Ivor 200 Pacific Mall 100 pao T ft T 1100 Peng l: R 100 Peoples Has 625 Pitta Coal 100 Pitta Coal pf lauti ITcssed gtsel 'nr 100 Public Service 800 l'tillmaii I'al Car Co.... 1700 Itay (N.ns ( topper 400 ltwy Steel Spg 17011 Republic Steel 1900 Heading ion Rock Island pf 2000 Hum. ly oo Ruraely pf ion geaboard a i, 100 Bears-Roebuck 100 S S Krcsge pf 70" St I, ft S F 2 pf llOO Smith Pao Pao cfs Hall Co Ha, I CO pf Mill Co Mill Co pf 1094 71 ,1074 34 3.14 32 4 109 II" 33 1, 1004 61 4 1004 168 22 4 : 374 43 114 1 1 144 145 92 4 92 67 H4 264 264 1094 1"!"4 fl1 1074 34 71 1074 3 4 3 Q t-a 324 324 I014 1094 1164 11:4 224 M4 1004 1004 6:4 m 4 1004 1004 1""4 11,04 i",s 1604 22 4, 221, ,H 39 I 374 3:i ' 43 43 13 14!'4 1 194 ' 194 1 194 1I'4 4I-, 87 37 a., 4 271, 57 t I 24 6 144 3 814 109 122 4 14 1 I64 924 114 26 4 1094 71 ll'" 4j 34 3"4 124 1004 inn, 334 linn, 1 I 4- -f- 14 1 4 4 14 4 64 4 'a 14 OQIg ml tr I" MO, tola JKl'i. . . . Ol s 24'MIO. re ren l 1000, HOI J 11' . ..' ' H 10011. IQlg l on. ... .1 H la .wo. Sola , 1 llHlj Ml . ' 1 4 lien 1 lertrtc 1 1 III j vi,, 1 1 11 I I 1111. fei , 1 1 1 I '1 T A 1 r a.n la'iireal "or 4' 1 f, ',-,, ho. St, ... . (4la PaaTatATslls stamped Had am fd sil I uaio .Oilfil lei,' hiiiv serlc. , I rn ii a 414s co I 8500 ' M 17000. ...73 !2.1n(iii. . 1 OUts I " ' BOAs II. ,1 A Man rt, M i I .1-1 - 11 4' j I ' Atf'oa.t l.lne la .M..10. . . 7 1 lereitta j lg IIKVn rf 4s l4l .-"'no. . q7is I .. s :i hoo. . . .'I 7 14 lllliiuls Stl 4 I1 l.orlllard 7a Mi". , . . M 7 1 4(Oo . I IO ) Inst on. dip i I P I nrlllaM a , ia Igfl MM n y 4 1011.. I 4 I llaio 'Mi l. ailllg 15000, 1 I J ; itay run Top ns I fl 1 4 Inlerh It 1 let, (00, .114 -oil :,a i n; ' .I""". .1 I 41 a itl.-ial Mm. ...PCS 12000.. 110 SIII4 100 ..... 104 1000. .1 I Al isssi 01,1a --,"'..110 Interhnm Mi Headlrt I cm is c.i least lUc 1,0,. ..i, i 1 Jeaeaja 74 MSbM V 1 13 ' ti""" . ', 4 ' 1 lisn is 1 ', , icclalrre I 2ISKI. . .141. Ml Iron M It loon. . :t 8t A Iron l I. nasi UWIa 1000. ... 1, a ll.AssnPr ' 1 rtfa n.i 1 I'"--' ..Allla St Louie sV Hi 1041... . 00 1 Jet. 4'-.(;ermn ; Soon... H, 11 Org stamped I""- UHl . n 1 rrresar' 111 t '. . 1 1 1 3 1 j Seaiid A 1. ail) ritaio . . . 11 1 1 j in Hell TAT v 2000 0 71a Cen leather ",. Kan City So V 'o PaelAe ev "s 1 , i 'v civsas. . . 11 1 a .if.- :.inj(i nui, s II, n I'aclfo , , -.41, ... 01 4 t 2e,.". 4.1, trce3' hoi.' aoi.o. . . . k 4 "s 3ooo. ... s. (1 mswi . H4lg' ItrKiel hi 1. la LaeledeOaa f dc South Psetge i. I0TNI. . ' 117m M0Oam HO'Im 0n0, , .Bfllalt VU.-4 4. IM6I ii' ...sOle I Chea a Uhlo fat Haul. .. ,tMC, I.V.KVI Ho t, I 8000., 1 11 o a , vi '.Ki7al loon -oIh ?r roil o I I, IS A Ms 4, 1041 Sol acinc te' 4, ' ' " V 1 1 1 lOoi'll .!!, . H4', low..., NaatliJiteti a m is. Toon. ...14414 . C A O car CAes looo..ioa 200. . ,841s I I.vsm 7A 1 LA Naah cm r Bopsel r ler I. .1 ". ...7 HI, t'K ua.10 I I 1 la.vi 70I4. 12"'SI.. 7ftla'Il'l A Naah .'Snutieril III Sa C H A O Join1 IS l""0.to PO llaal. ,..!l 7 Vs 14:a upi. . 11 n .v, I 4,si.. . li'i 2000 071a I. ...nillialLAN Ml Knoi t""" i7 ts IX . ft 1 m 1. Thh 1 tt ief 1, liC.Na Minn., a47 1000 . . 7 1 OAS, Mar ne . 11 Has Third Avsdl a PIIAs ll'iaio , ; 364IJMMCI ' H6g ii. 1. ertiftrsiea Tol stL A W 4s Hols 06000, . 7 :t I a ' ...40 PrVIs je.ra.ia 7 ll ' 4 felon Peeifle 4. 1 '. Minn A si I. la 1 , . . 1 4 r os, .. " , m iss 1 1 "o ' ... o .1 tlMI.I. . . . 4 H I 4 MNI t 'tig 1 l.aai tills 1 ' I ' ret 4. t ni ft raat It ic inon,,..4ti r - siia IOPO..U0O ! I000....44 1 1 11 it loan:' f Ic ChlAOtWcstcs 1 44 2000 . 47i 1000. ...04 lg M sil'A sst 4s t s '-tr. I sf la I " ., s.t,, alia ftm. 1 . , Km 1 1 1 , v 1 CM 4 itP ev Ike MoKsaATes Id ajnloa 1000..IOVJV, I'll. 1 01 """ log t'S'O. . 1 OsVI, Mo Kan AT Mc 12' lllglg ruAStPev4is I'"',,. 41H4 reclatered llnno., onlg lln Pgeifle eon 600 111134, fi"oo una, lotfl . , :i sr ahaaa 1st WK-sSl) Ms MO 14 SS Mil .',,".. I HO looiai . 0e)4 2'W'O 7'.l 'H atdTer 1st Is l"hi IUAsip4s Mont Power ',s I0OA 14 , 301.1. sft.i, n '(sr. .III7-! 4'utTe-iet etfs I i Mcntraen 1- .Nat Tune .v for cen rr building wild na high aa 88, closing at up 2 points. Triangle Film hardened 4, Kelly Springfield Tire rose 4 no nts and International Mercantile Marine shares Improved substantially. Sub marine BoM continued to sag. cloning 4 point lower at 47 4 Canadian Car and Foun'ry wan weak and 3 points loner fill stocks were little nlteie.l, though somewhat more active. Ken neCOtl rSipfier was a shade firmer at 64. Transactions In detail on the market yesterday were as follows : Onen- Hlch Low- Clna- sans Ins psvi Alaeka Junoau... 1:4 100 Alia Con Mln ... ti Haos Am Commander 11 I Ma. Atlanta :w nir Cottonwood HIc I.edre Der lono. . 11 AOri . , , At'..,. . lids1. 2( c.l' 's loon . 8 I K'oo 7.'o. . . . ell. ' Halt AO P L U ft W Vn la 10. 7 77H I'all At 'In,. SUi I'luiai. ... : li, .,'U'o. . 7 Hill a lot N'av a t .IIH'o , . Ill) 4' , I. . . HrlhSteel (i :,s II I 09 neth tt l it- Se 2' I .III!) mam.. 0114 bkn ltt;i 1'r H PH. 3000. . 1 no issn 1.1 1 00 I Sf a liko t n HI 1st a c PI s 4 m 41 -'i.oii . . .UK i, registered AOOO. . iim.Isi 20".. . Hill. ran ids s.. : RsnCltrB rsf is suoo. ,11111 noo,' . H . 1 4 1 MOO. ...Olllel 1101 Cent Peelne latll.a-i- 2S00O. ....'. t 13r ,o 2 4 , h 4 N,! SOOll 700 Ilraden Copiier 4.M" e Booth 3i liuffalo Mlnea in Pntte M Y 'oe Caledonia o Can Car A P.ly i"o Can Car A t pf Itsj Canadian sac. M CM Mcht A Pow j'' Crsmp sin, ,1.1111.1 he Chile 0ppsr. TO,1 Con. Nev-1'tah too Cons Arizona '2T, Cone Cop Mlnea . f " DU tlllek llllHe. . 4" Uric. Seahitry 7- Kl'i-trlc boat 1." 8 Ktiima Cotuirr ' V -k T'r pm epiocssse li, ,1 inel 1 Cons i"c Idl 4 44 4 4 104 118 ls M ! j l 24 111 I7 2S I0?is, 4C, est 174 81 11 RM 1 314 4 gj 1. t 90 loe lit 1 't ss 11. '4 s SH 24 ill 470 In ii 11 1 H 6 4 4 H eat II 31 84 29 4 I 1 16 4il 4 24 4 97 tat oo jae 117 118 IS 1 lb1 84 nit sr. lsS lis 13-14 4 1314 13 16 2 I : 1 113 111 Bteel a Dras on the Market. Steel was so obviously a laggard yes terday that Its lethargy hud a snspl. l- I J ously artificial look to the Initiated. It j ' moved within the narrow range of 4 1 I of a plont and In nominal volume. It ' Is generally accepted In this market for Industrials that the steel stocks nre the j , pacemi'kers. with Steel the leader. All thai Is necessary to hold down the entire market therefore In the opinion of those I who wait for signs and know how to J , rend them Is to keep Steel acting slug giahly. Yesterday and the day before wor- days of definitely planned concert I In trying nut a few stalking horses to j test the market. The war stocks were I used with good effect. There was little . trouble In putting them up. for there I were no sellers in large volume and I 1 stocks were scarce. Yesterday, however, I In the afternoon It became apparent nft r Rt! had beei. coaxed and cajoled along by the example of the minor steels and other war stocks, which were making new high prices in the attempt at pace making, that Steel could not be coaxed Several times it seemed to be started It would get no higher than 751, and would then fnll bade listlessly. It was discounting work for the little fellows stamping about all ready for a spurt If only the big fellow would Join the game The dav ended with the conviction am' ,g the speculative community that Steel was purposely being kept as a 1 drag n the market until the rierman alia International loan auMtlona r more definitely shaped For Salt 131 Sham (any part) Interborough Rapid Transit Stock at a prlea to Net over 6 J.K.Rice,Jr.&Co. Phones. 4001 to 4010 John. 16 Wall ft , N V 470 P'3 49 HON 16 470 B 103 49 1 Wt 1 Ht I VIS 1 ! 14 20O.I. SAO 'Ool III l.t Merger ! . 19 lnv,, IM IM! gtrnal 1 14 la n nli Hall Olgnal pf. r? n 27 11 Hemic Mfe 31 S4is 134 H4 MM l iter Merc Mar 3 Is, I U, .('m Inter Mere M pf It 114 11 1l .i' Inter Motora..,.. 77 17 17 noo Inter Nickel ISIS 111 194 7f.n Iron Bloseom M It 7 r KM Jumbo Kxtn.. 1 7 ie 1 u, jj 1 7-14 1 16 u M KathrsPan B pf IS IS IS IS 111 Kelly Spr Tirs.. ..20 3 K. lly Spr T 1 pf 10 Ijvm Kenneentt Cap... 6IU, Ijme "Kewanas . II MM task Torrie1o B 16S tsSAS Torn B 1 pf 14 'Iine Star 4 Expansion on the CONSOLIDATED EXCHANGE roK (jut-of-town traders. A member of the Consolidated Stock Exchange o( New York holding his eat out-of-town can have his busi ness Hone hy one of the active mem bers on the floor at a reduced rate of commission. This alone will save the cost of a membership in a short time to the buyer of one of the limited number of memberships now offered for sale at $1,091) lull particulars on application or If mail SECRETARY. 36 Benver Street H4 7 eon,.. so OnltyAn Oa 1 . leal baa. acOOO. . Mmjo. . . 2ion. . . I" ooall, l'SX.SI 200,1 30 10. . . Chi t Ay cn 4s; an,.i. s v, !oan Marrenj ot Am.. I's ... Magma copper... 1 Metntyrs T M .1 site Mines . 46 '.V. K Par sav -M 21 1." Motbw Lode 41 IM M Itutnelf w I.... 30 : N Y Transp 174 - Nat Zlre- A lead N v Mng M Co... 4 N I tah mug... 14 HM -Oro I ' is rone Mfr 4 Mtex Con Mliflns 61 Hiker Hag Corp . 6S -'eel Co of Can . Jf BareSctorni Ken.i 1 Bland Silver Ia.1 1 s 1"S 1 ITS 14 S -4 44 24 3S V 4 4 4 24 4 14 4 4 14 4 14 4 1 '34 1 1 1. -41, .vino n mi, lainnn. . a 1 I C A N V cr, ",s M'Atrfirk rv cs V. al asn ext 4a 1 II" ". . 1 OUI4 loo. 1 a 1 - I Pn Trust etfa ! ' Chi IllftP l '.. v canal 14a 1 1'MI'iu I 11 1 4 1 ! .loon... 4710 1000. .1007a Western Klee is I0000....4714 Cesdssss 1000 1 1 1 '(on 47 1 rrtsiullnl llVfsl rfhofs M ; j SgOO, . . -4 d7 30'MVi. . 1 (I 4 I n 1 11 H7lal I IVMM3 . 4,11, ta90,.04lg reclatered i :mno... 47 10000.. Oailsl wwi .Hft .mi.i 401, 84000.. iO Vsori-ski Chi iiiPiiv4 ' 21000, lOAialloooo pi.Vi 3'ieo. . 7 :i v. N V Ceo 4i-s : 7nno..IoA3a I CniHIAPref 4a ,..B7 lltnoo.. loola e.-s. ..... 1 ,a ii... iai ICTs ; 1000, ...Bg NV Cenliel :i'-s siaai 1000, ... II I 1000, ...71114 20000 In"" . . - i,, .nn. ...741 1 yooo i ' ' I' M A.i 1 :.s KVCItr sustain Hum 4000,, ,OII4 1000. .IO I'S "aai 1 1 i.e , o- er iiMi . 1 I," I, Iftooo 2iai... . 1 1 :i 1 , NMitviias U6: soon May is ,10eO. Ill') :,u-ai II ',','- I ,1 I 7, 10000 Novemtsf. Vmhi 4o.ai, . I 1 1 I 7.1 1000 M 10,, -"S I. PI 1 1 1 I I ilia 1 I "ia I 7 '. I I Bag CCCAStl. kin is 1 000 . ... TOTs Oil.. III col ir j lllsjsl-t 7 Colo .Vnitti la 3 ' I. ... M its Colo 4u esl I' S 11 ti in r.-s t "a... 1 o I N 1 Ct4 s I Con ( las cv .us. .11', . .lono . ..urn Tranaaetlene rresn tta P. An 1 Ie 4S loo; ion South 3", 1 South 100 South 100 Stand li'" Stand 411'" St ml, Laker 10.1 Btudebaker pf- 11:14 674 1 .18 ' 61 too Tenn Copper 120(1 Texas Co Sr,:." Third Ave 1100 I'nlon Pacific loolvnlon pacific pf.. 230O I'm Cigar Mfrs. . . . l" ' I'm Cigar Mfr pf. 2011 I'n 1 try ;ixais pf . llOOlUn Ry Inv Bins! l 'n Hv Inv pf.... 1590" F s I Alcohol 1 r s Rubber S53o'i 11 S Steel 200 1 ' S Steel pf 441111 Utah Copper 601) Va-Car cnm ion Vn 1, c & - 43:iL'n W'esl 100 VVt si 400 Wi st 100 Wi -' l: Wi -t 2110 Willy mo wi c Rlectrlc A II Md Md pf In Tel 1 rverlantl. . ntral 7 . 144 . 1844 . HI . 5 4 . S8 . lor. . 1.-.4 1 . ' 57 . 73 . 'lis . 106 .1 IB . Ill . ' 114 . 129 st 4 . 174 . 104 , i 58 , 23 . I 38 . 81 . r,u . 7T.4 . 11:14 67 . 37 684 ,71114 . 286 , 1114 ' -r' . 76b. . :iH- , ' 33 144 1544 112 54 89 in:, 164 62 73 1 1 s inn r.7 34 74 1 14 1144 112 5 184 106 t:.4 51 4 3 74 114 1644 112 sa 101 164 51 57 62 714 73 11C4 1164 I06 0I r, 1 1 33 6; m ir.:,4 S44 1294 kill., 60 l"l 694 23 3 si, s:,4 61 7", 1, 3s 614 1I7L, 8I 284 41 76 4 187 33 104 174 104 58 23 38 Ml I I 50 714 1 1 :: 4 114 274 :,v 116', III II II 76 1(44 33 1! :,s 12:. 4 60 4 104 I - I 611 Al I col I " Sola,. . -Ola p A Oct 4U4 2000, ..Kl.W, Pkn I'll 11 Is' 1000, .. .11 hi a r ft n ,-v 4i-.s 1000, ... 7 A 1 a CMAdl West I, 1000 11 41s CM APugcis Is SOU s o . CM Mliftsti'au; 1 A IMS :,s 4 . 1 oj 1 a C U AMP SV 1. .1 4 4114 CMftMPev CO . 1 tooiai . . .(I :t. . CMAstl'f I I'.s 64 1 Kai". ...HH i, 1 Cht R1A PHV4S 3 :i"ii ...7i , 1 lel.v II ml ,- ia 24 inula gi , c ft n w rot is 3'e(Hisr it o .. Krle ( V IS aer A 4 I 10011. .114 u Cen Hecirl, r 1 2 . 1 (' I 8, iowa t ent isi lOliO.,., Bel 14 4 14 14, 4 Ji riu 1 StllllpC I 10 mo, ,,.7s4i I a 1. tl b it 1 :.n.ai . H4 1 P "i. . s 4 la l.s A MS 4a IS3I 4000 . 00 sfsnhsi rip ie ala Piped loon. . .. s .1 Mail", it li certificate. 7:114 MM0 7 11 Is, M MP A SsM 4, 8O00, . . . H V N V 1 'cn lei. C irla hill n I MIO, . Iii4ia 3(itf.l. . I Oils N Y 'e cm ' . 1 1 ' V . I I B4 . I IO'-.' . i to', . I I (Ha . 1 I llAg . I I B 1 1 . 1 I (Us . I I 11 : 3!. .11 1 a . 1 1 11 1 , 7000 . 1 11 a ig 1. ta Ctascag. si I ft iron l 4s 800O. ... II si J-c I'aclflc ev .Ie sag b 1 So t'.'-ltlc ev 4a isiliai I4J4MO, 1 1" 1 . n st inrtard Motors ;s silver Pick Stewart ... icesaa Mintnr 4 "Super Minnie MM 94 Jossph lasad Bterrroa Ohaa 2A.... Buhmarlns it w 1 IMOS Tr, mglS Film etfa 1i Ti .110 pah Ellen a-.i I'tul Cic S new NUI Ughl A Heat. MUlll He.lt pf g.ai 1 nit Profit Shar . 7..I (Taj land oil a o 1:1., 'VTettlaofac silver Mn 'West god Con KM MTabaah w 1 1..' Wabaah tif a 9S.I W ' 4-ii pf h. . . . Uai World Film STANDARD mi 17 Atlantic Kefltsnc - 7 Com tiu'titaJ Oil e: Illinois Pipe I. a. Okie oil IM ITaine line Ian. .. 4" stilts! O of 4"al 4 Stand O of Ind M Htaisl O of H I ' Stand O of N T 14 Vacuum Oil WINDS .,enl'ariad C A F 4a mm, . Dsi a tt w 1 100s : o lie: A Rod ne ... 1-14 I Tiioi Int M Mar n r.e. . . i gsntsaoMi Cop 6a 1 71 IMM ltfl Co of Can 6s 104 ' - .ente pec chare tit M M4 48 174 11 6 4 184 47 46 .1 41 B 1:4 40 S 4 4 US M S M 14 IS lot, 1 12S !4 44 : 24 ' :s 44 14 I s 10 sr m 6is r 16S i 4 14 16 47 4f, 30 IA 20 1:4 3 4 34 I 114 4 I 13 L'4 212 M 64 44 17S 11 6 4 I'S 47 4t 20 40 SO 174 4 4 US CO 3 S3 14 1 S IC IS M4 104 : 14 81 24 13S 24 e . 74 4 'S 24 in", I'S 04 104 s -S . IS I's 3S 8FUSID1ABIE8 430 6.'i 246 .'4.'. Stl 104 ll V. I'.I 1M4 lf.4 IM I7K M 4M 447 111 loin, loos 1-14 SO 171 104 1'S 1 14 MS 11 34 24 T4 :S 34 S 2S I 2 I'M I'm 10 64 11S JOS :"4 1 34 ail 243 IM 103 111 3' 41 44s 11 326 110 IM4 3-14 SO 170 1) The IOssn Alnre 11 Fnelor. In nddltlon to watching Steel for leadership there was mm h mote In clination yesterday to watch develop ments In the progress of the lonn to the ( Allies. The fundamental feeling was , unchanged that the arrangement of some kind of n loan was only a matter of time and method and must Certainly I he concluded The prevalence of talk Of Herman protest and action against the loan, however, brought a reipoiise , In stock market sentiment, for It was recognised that In addition to the 1m manstty of the task of Hunting a billion dollars of foreign notes here Herman opposition might prove nt h ast a naaty obstacle for temporary delay and In- convenience It was therefore decided by a number who are confident of the final arrangement of nn adequate credit that a meaaure of uncertainty had en tered into the reckoning In the loan ne gotiations which would be used to full advantage for stock market purposes at any atage It presented Itself There was a definite eentltnent among a num ber who are uulte ready now to enter the market on Its merits that advan tages may he offered In price recessions based nn various stages or the loan no- g.dlatlons that It would be well to be j In a position to take. The basis of sentiment, however, remains that on re cessions the outlook should continue to be bullish. Can anil the Loan. Yesterday was the aeoond successive day that American Can has closed at the top of the day It had previously been S laggard for days. Ite.-ord eai i- Ingw for August, a cash position that Is probably the strongest ever reported and other favorable conditions with n I the company had berun to get stock market recognition Hut the prominent factor responsible for the behavior of the stock Is that attention of the spec- , ulatlve community Is now again fas- j tenatl On the prusiss-t of another big , wax order for the company Just Is-- j fore the dip downward of the sti.-k fol- lowlnst the st nking of the Arabic an advance liad started baaed on thl same ! contract, which hud carried the stock well above 00, I sagged later necause It WAa learmsl officially that the thirty day option of the company on the con tract had been allowed to expire with out exercise. It was due to lack of financing arrangements satisfactory to tin mpany, it is believed now that If the credit to the Allies Is concluded, there will be little question about the completion of this 185,000,000 additional war order OOft tract for the i-omjsany. .1 II A It I I III 11 I Mil I. Union Trust Co. of New York 8-0 HROADWAY CTS AS EXECUT0R.6UARDIAN.TRUSTEE.Flc Allow im. i' -t im i. !...- ORDNANCE STOCKS. (.corral t nrlertone Firm E. VV llllsa It, 'O. 'Ilo ones . ltlrouHh some Irregularity was dis played by ordanance stocks yessterday the general undertone was Arm. Th prices bid for sueh Issues aa Aetna Kx ploslvea prefereal, Amertcnn euid Hrlt Ish Manufacturing Company, Caned an Explosive and Winchester Arms were raised moderately. Hercules lVw.ier held firm, selling ex the 6 per cent, divi dend F.. W. Rllsa was reactionary. Hid and naked prices follow: YesterdaT. Tuesday 1. Hid. A'ked. Ill'l Ask- Aetna Kept lift 127 la.'. I'J7 Aetna Fspl.pf 7.'. ,'M '.4 7s Am A Prl. 1 i, 014 s "1 Am A llrl M pf. . . 8.8 I'S 3n ::i Alias Powder .. ggll 22.'. 1211 till Atlas Powder, pf. . . 04 0 04 OS lllls. K. W 1 . .. ggo j7,-, :,iia Bis BMsSfK. W.'.irf.... I .IS . 13.1 144 I "anadliin Kspl aO'l .' SO oa.'i J.41 Canadian Kspl.pf.. 104 ig 1,4 toe I arlioii Slei'l 2H .'III 21V 2t Farhnn Blesi, t pf . An rs 4.. Maj ( 'srbon Hteel, 2 pf . . vs m 27 a I oil. Arms .'Oil .'.7 - HQ 6f Du Ponl Pow ... 075 lis.', 07.. 0S" Du l oot Pow, pf. . , 100 . imi lien i.l. s Post 1172 .,7e :i7a :,K4 Hercules Pow, pf . . 112 116 112 11.1 Bavsgs Anna 2H.' 2U.' B7laca.M4ip.ArMS.JMO0 844X1 22uu 2' "Ec ill ul. nd e per cent PUBLIC UTILITIES SECURITIES. 11 1 ''racifl 2 104 4 64 14 11 4 ! 14 4 51 714 141 4 j 67 4- U 37 18 4 1 4 1167, '286 ' -f- 3 : cs ' 14 ' 43 1 ' 76 4 4 l4 14 : 83 ' .Mil hi . s 01 IM'UMi , HOI . ol'nrltlc rf .''U. .H4 loon s4"-m 1 riRi i n . V loon . loaifl ThlM kv r-ef is null ,,.T0 I'nlon rRrllli m 4'"Hl , ll UntonPiwi i v n IHMI. ,,,00 VRARllHAro -tr 10IHJ. . . . ft tl CURB STOCKS CLOSING 1 caterdsv Nort'il'acll 4110,1. ,,.HBs .NertUPaclfi la ."1,00 .1 y;l 'Oic-slo 11 V OrShortUne ia .OHIO ,. I I l l s fir stl t. file 4a 'H 1 ft I, V est slnir. 4s i Total In, lid aoon. . . . H H Ha Con 4 op fla IIIOO. .114 Ml A Iron t 5s Psion ...H :i lies par value $4 .111, Ml H 7 .1 Wal.aae est la KqTr etfa si : 2 ... I I .14 West.- ft ec 1, 1. I. lull l' I IA0OO, . I 1 (I I4 1 lOOO., I I dla ! in"".. 1 1 u.'ig i .ertltlcale. 131100 . 1 ll .'1 1 s I Hole. ' IIHKI. .10 1 am, cm. Mining, Alask 1 Jlliie.lll 11. 1..., , ' ! Canada ( 'er A f I L'snada ( ' A P pf Li, rtrlc II, vat . . Llis-tri,' boat pf . . LnteC Mer Mar. . . . later Mer Mar pf Jumbo KsterdSOS Kcniiceol i ( upper McKlnl I larragb IS ll,s.sin,i M luee . . . It A 11 den. Man,! o- l Motors . Blan I ird Bll Los l Ti laogle Film etfs ... I ultcl 1 'lar s new . . I DltSlI I'rollt Hh . M'cel I n I 1 'una. . . . i W.a-l.l I'lloi HI t 20 12 H 1 10(1 t HI 40 I 411 t 14 Ask,, t. 81 I u Tuesday, vsk 0 If M 4SII 40 8 si Inter Mer M n la he,.. 11 'otl ( 'op lis 1 7-ts I l4 t 3 U -4 20 26 oi ni, III', 111', ' 9-10 1 '. in i'- : . 84"' .1 1, 4 IP 1 Nil 4 . 7t an 10 170 K7 47(1 47U II" A I as 121, . kl K'ti no 4111) 41SI .1 13 It t U J4 '.'A IM 101, mi, I 0-10 I 71, 71, '"4 ', : 1 in fO 4 .14 3 4 "S 172 so 174 SUB -TREASURY STATEMENT. 607,000 NEW CITY NOTES. Tt'Ean y pal 1 oy Pub Trsssury to brinks sld by hank, to BttD.TrSMliry 317. nan ''2S.00D 1412.000 Int. Security. Kate. Pay. Due. Is V I lly . .4 M-s Sept , 1 p is 1 1 Ity . .6 M-s Sept, 1,'H nil Offer. Yield Ma , ttnn i.M 101 . ,lt, .s 'lain in hank on dav's traps. artlona SIV'i: reiflllAV LIST Pull hy Sul, -Treasury t hanks 11111 aoo Pall by hanka to Bub Treasury l,ti,H O.'iln tiv hank II, ks .lime nerlipl nr.. week Totul sales to-lay f, 12 200 shares. Some dav 1914, Fxehnnge iloscal. January 1 to date. I01,651,2I0, Same period 1914, 47.862,022, Where h "c" follow a quotation II Indicates a old or r.rfi r for 10 shares. THE COPPER MARKET. Sale. Unite on IM Cent Hosts Producers Opllniletle. New business was rojHrted In cop per yesterday with sales up to 18 cenia a sund for domeitlc delivery. Trade reisirts were t,, the cfTe.'t that tho lecul Irtg prislucers nvro .ill asking 18 cents on home liuslness. It Is known, how ever, that smaller sales were accepted at 17 and 174 cents a pound. I'ro duoera were most optimistic regarding the Immediate future for the metal, believing that a buying movement aa Una Ih In hand. It whs lots-mcd that two of th,. larg est selling ngencles made verv large sales for eiixirt on a basis of about 17 4 eanM In New York. Those atilea were sufficiently large to cam for some of the prodti'ilng Intarerts' suridus Mock. The significance and lmimrtnnce of r!nna mini ns' strlka received greater attention at the handa of the oopper world yesterday than on the preceillng day Fully 8.000 men were ,i,,,'r, ip sue ' , , win. ) nss Slllll , down the Detroit. Arlsomi and Shannon ' icppoj mines. Tho Usuuiaui la bur wua) the first affected, us It waai a demand In behalf of ttlMW men for higher whip that precipitated the trouble. Other metals wero quiet, with lead Steady at 4 ' j rents iitid spelter nominal at 13 cents, CONSOLIDATED EXCHANGE. It was In H e accept! d group of "wnr stocks," WeatinghoUM Fleclrlc. Crucl- ble Steel. Alll.s-l 'liallners, American Can and American Uooomotlve, that activity centred on the i lonaolldatad Stock K . change most of yesterduy. Tho general bsllsf Hint the giMit pending Anglo. French loan will be floated sucrMlfully Mntlnuod th,. underlying basis for tho flrmn displayed by the war Issues. American Can at tho close displayed particular strength UnlMd States Steel common was rela tively net aa strong as some of the other Industrials, and bearish traders isser'nl that liquidation was going on In It With the tgoaptlnn of Brio, the railroad Issues were pomp&reflvely neglected. Pommls- alOB houses handled a particularly large business in the Industrial, Including nu merous odd I'd uidi'ia stub lAitalled (M-U s.o 11 s. OtOBlng prices B.J Asked A'lnpial'S 1. HHI I AitiltrSl lot ley AllrHh pf i.M 1:1 AHIM11 pf ss PI t Aim 'an pfltMt 1, Inn , Ai YKy PL 1 14 in, I. Amt'nsl so AioPrpriin 121 , All A I pf 17 a; AniMnlt B14 7 Apisn pr 10.1 AipSii pf III It", tmTelAC 01 ', 01 AinTo pflli'.' Ills AWrl'opf 7ts pi . AasetsHL, a 64 Ass,. Mer I pf -- 0& ! VssoMer : j pr oh i,, , llalilLn pi nui in? Ilatopllas I I, I ', II Ill' 411 . Hlklnl'tl 180 133 nrmisTer. 1 ', Sta , llronnSll. .111 :t7 llrSti pr s:t s -, ItlirKAl' sil (li ituntp jr iiMi Ittli (crick 2s' a .III ( snSinii ii .", tc .'.0 ,! ( Ft ltnfNJ2HI :;.'.n ( AN I'd i.'s i:ua 11 oath pflOA Inn 'hi A Ait 18 ChlA M pf 21) CI1I1 ,tW I I , 12 CfifltW pf :iu SI CMISP pi 121 ', 12.11; ( 'hi N W 120 127 1 'hN w pr n n wo cspau 1111 1.11 I s I'M p 2.1 LID I I ( SI I ej 'l.a ri't'il pi 011 7ti t 'licit p as 4 "Im -HP prion Colt So 20 '4 97 1 oiso t pf 17 66 1 oi-o2 pf a.i I oolsl is'li 11) 14 1 11 ,.t 1,, . . Us) K. 241.000 167.01)0 BID AND ASKED PRICES. .f etc ks in wlil h Bid A.lo - I I.'' there were no transactions yesterday: II, I 'o-PlV pf s. 4 V. s( '.tr SAg I 'll 1114,1 1,1 I ',1 S0HI IIMI 111 .1 I I M I I ) pt 2:. Denilllr . 0 , nin.rpr Il-iKd 1 lied ii UulHMA . a puIMM if u Kaaini in mi.i. KWjwth in:. I'M lull lit'l.'O HVi lln, i I .,1 t lent h . i I (lent li pi til 1 inn pr iiMi . llnrN I pf l I '. Marl 'ocp 7(1 1 1 Sri or lif Homes) Mil.' Hocl.lngY lln 'antral 102' nn 11 pr Im VgrtV I111 lirr pf, . lill Paper nn 1.1 ia . a. 'j 1st entr ll lal '( u pf JKayeer 70 Is JKyr nf Hi's JJI'Mc i.r . , KeoDeaSI I 4 Is A 1 1 I i.r 30o Is IIP-1 T-. 12 1 l.acledetl lot 1, II It Vi . ' , LKAM lif Is LA MTllh 840 I.M To I'fl In ! l.orlllard lets Lin-lld pf LWIIIa . 22 1 u 1 pr tn I IM MackCoa. 71', Ml os pf Maiillh i 1 Miiulsl. .MJj Hi :' 10 1 11 111.'. 111 1 4 III 184 1 71) got I 14c inn's 117 fS.4 I 17 1 12 10.1 ', 70 20 3S HH, as i, HI 1.1 KM I I I HA IS61 1 11.1 I 21 814 I I'H, iis -1 1171, 01 7N I. ' II Manshlrt. ',4 M ips pf lill 6la 1 is :m Ma. lis pf04 MeiPpf sp, Micttl'ell lll.'io Msi PASS m. nam Msi PA SS M pr 121 MHiPABB MIL 7(1 MoiiP nf'lo.i MorAls nui', N( hAStl.l 1 1 Miispr im NBAs pf sil NI 1 el pf tun', N il lis of Ml 1'f 1.1 Nil 1 Ky of M 2 lf S N ( SI I, M) . VI CASH. 1 lif 00 N Yi A StL 2 nt 40 N 1 I V W e 1 1 1 NorlSo 1.', Nor w i.r si NllhTAl. ill) MSTi'l 10a I'al.llr pr TAT I'd AM I'AM I pr IV,,. A ( Pi 'i A Si I, l'( ' ,1 si I, pf : PhllaCo I'l l M AC I Pit Hi I of I'rSlll'lif. C"l. ksll yiin ks pf 111 Si 1st pf Head I nf 1 Head -' pt' Ask. si 11.1 14 tin no I IOC no1, 1 27 b, 7.1 loan ; tsai BtLABB stl.Asp I Pf 7 stl ftnW 1 0 Htl.MVV pf sesuAI.pf :t:t Kears-B 168 Sr. It Dfl4 1, Sloss.Hh ',' Rinse s f no ss 1, reaae 1 .".2 Sol'llSpk si; Not'UH ,f st Ta 'ofl ml - Bid A.k.sl BSo iio 0H t. ai4t sa uu ', 124 til) 112 32 S.'i AA 188 1 11 '4 01 HH 11 IC 111 OA 0 70 on no nil 3 4 04 I H2 III, TSPSCI.T 10 1 "pit i.r oh , THI LAW 2', TBtl AW of oi, TslnPKTewa 1 I'llderw HI) I 1'nder iif loll , I nllftP nt, I'llAPpf J.I I SCIPipe JOU I I scil'pr 35, ' I S AIpf iis 1 sKsii i... I'sitAhu - 1 sitA (f 2 , I sit A u pf j, ii'ii'iil in-, iilcaii a 1 Vulcan pt WelPRip ins Wath I iif 1114 u IVeyllrl',, 2:4:1 WeyBpf 112 IMiIALK '. ' A I K I pf 814 WAI.BSpf I ij WflOv pf 106 tj llopStl pf Iti.'klsf lllulldpf. . 16 0 10 3.1 Hi, 1 84 H Ins III 100 IAAU !"' ItXI 4'. I) OA H2 110 MW ,' I no iH l Do 11)0 14 to 1 in 117 2HU V 4l4 HIS Ex dividend Where a ' folbma a uuoi inon 11 ip.t,. eate. a in.t or offer lor leu .hares. This Country In Wnr. The Inflation expected out of the huge credit creation due to the war, with Its ultimate evil effects. Is discussed by Houaman A Co, nf the effects on atocka and bonds and the rem irk. 1 hi.- economic position of thla country It says : '( iwr.ers' equities may be expected to be effected much more favorably than the squltlsi of creditors, which Is another way of sieving that It Is more logical to l,e bull-' lsh 011 stocks than on bonds Slocks will save Ihemselvea They hav nothing to lose by 11 oney and credit Inflation, be. cause they will respond to It a quickly and prhaps even nioro quickly than the prices of commodities. The economic Isisition of this country Is unique in the world BtVen tf we should be drawn Into the war we should not suffer economi cally as the oountrls of Europe do, Wa should not have to pledge our credit to otlieia. There would be none with whom mo could pledge It. We should become purveyor on even a buger scale. That la why the stock market does not bie.ik badly "ti events winch have distressing Implications, such as the ever changing aspects of our mliundsrstandlng with Qermany, Besides, n is so clear that there is no virtus in Germany's present contentions with us that nobody cm think of our being forced to 1 cepl peace or war aa alternatives. We are neutrals." A Ball Fnelor. American Ixsxmiotlve has shown the way to a new Instrument for bullish enthusiasm Another that ha beooms well known was Illustrated side by side w.th it yeeterday The absence of divi dend as a hois, for the futun was eg .minified yesterday when practically the whole of market attention was taken up with Allis-Clialmem. Crucible American saocomotlve, Industrial Alcohol, Atnerl can .steel Foundries. Colorado Fuel an I Krle. Tin 1 added attraction dlacovered In A mer can laOOOJBsMlv for upblddlng It advanced 3Lj s!nts--was that It bad Just announced one of the worst financial reports In Its history. Increas ing orders for loromotlvas was sins gestcd aa the reason, but the cynics argued that this could have ll.nl Po ef fect had not the company had a posi tively wretched annua.1 report to exhibit. Bock Island. After an opening burst of strength the price of Hock Island declined 0Vcr 2 points. The finding of finances 10 nay the debenture Intsrset was reapons 1 :. for the upturn. The decline cam when 11 I '"" known that no funds for the payment of the Int. nest had turned iip at the First National Hank, where the Intel est Is payable It was believed that the failure of th. mpany t,. deposit the funds was due to delay, however and that as soon as the receivers' cer llflcates "til. 1 be prepared the money woul ' be depoMted and the interest paid The decline of the stock probably rep resented more the selling by those who recognize that six months postpone, men! of a, crisis In the road s affairs Is only a temporary hlp In the mending of its ills. DAILY FINANCIAL CALENDAR. Illd 14 4'l nn 088 Ills ' 104 4S .114 711 SO 111 Adirondack Flretrte Power . Adirondack Klectrle Power pf American ' Company American Light a Traction . . American Light A Tract 1(10 pf American Has A Klts-liie... Aiperlean Oa A Klectrle pf. Aiuerican cower , nsrai American Pos er A Light pf American Public I'm, ties American Public rtilltle, iif ... American waterworks a Meet etc American W A K Partic'c pf, . 1 3 American Waterworks a g 1st of 18 Atlantic p A L 1 orp "", cum pf. . 02 l utes Service 40 1 'ittes Service pf .14 Colorado Power Company 17 1 'OMcado Power Company pf . ... 0.1 Common faith Power. Ity A L.. OslM OcarainoBwcaHa Power. Ity A Lot 7g Consumer- P Co Minn' M l-jJ9. IS) Dayton power A Light Co 30 Da1n.11 Power A l.lchl Co pf . ... si Denver tiiw A Klectrle cen .Is. ... Ill '1 Electric llond Deposit pf ...... 01 Klectrle lloiid A share I o pf . . . . IIS 4 Umpire District Klectrle Us 73 Umpire District Risctrlc pf no F.derel Light A Tracimn 14 Federal I. lent A Traction pf .18 I, as A Electric Securttlee A.'l Has A Fl.s-tric Securities pf AO lireat Western Pow Co is 104a. . si 4 Lincoln '.a A Kli-'irlc Ill Northern Ontario Light A Power. 10 Northern "niario Li A Pow pf. . 40 Northern st,i,,, Power 10 20 Northern Ststee Power Co pf. . . . so (lirk Pow it A Ma'er IA I'aclflc 1 ,.,s A Llrclrlr 40 I'aciflc 1 : ae A RlectriCpf R4 Hepul.llc Hallway A Light Co. . . 1 A Bepilhlle Hallway A Light Co pf. AH IS Soul hein Calirnrnla hUlla.in. Southern 1 'allfomla Kdlaon pf. . . Standard iiae A KleeSrle Standard Iiae A Klectrle pf Tennoss4e Hy. Light A Power. .. Tennessee Hv. Light A It pf . . . . I mtisl l ight A Kallwave Lulled Light A li ,ll-..i s 1st pf. . I'tah s.s urltlee wssicm Power ,. 1 1 -tirn Power pf ePsr value. 8A0. 73 U3 I 30 A 31 is 07 U 11 l 13 u 47 Ilo It'O 7 17 AS , .,7 9 My 04 4 1,0 IiMi 211 111 4 .10 SA ' 0 14 s 11 ;.o STANDARD OIL QUOTATIONS. Following ere the quotations for the Stanerl oil stuck. Yesterday. Tueetsy Tec nid Asked. Old Askad. Atlantic Ref . . .ino 07.1 05 oja Ml porue Borsiu. , 00 686 201 IB8 J0.1 Buckeers Pipe.. AO Kill 108 1 1 tl) I Cheali li Mfg. . IPO 72 I 780 72i - Colonial I Ml Co 1IKI lln MO ll', ir Connnen (HI C. US) 242 247 240 24 Oeecuit Pipe.. .',( ni 411 40 4" CumherlanaPL ion 4H .',:t 4 Bnrsks lip L. nai 24.'. 21A 241 i&n lialena Sig 1)11 . HSI I AO 102 160 101 liolena Slg pf. . loo ill 1411 ' , 11 Illinois pipe I.. Hl 168 IA 1.10 !' Indiana IMpe L. .111 100 lu l loo p, Netiiiaal Tran. 2.'. 39 '4 .12 - NY Transit... ni 21s 221 220 jso Northern P I. . 100 109 (08 H3 in Ohio Oil Co... 2.1 1.12 114 12 1 ' Peon Mec ... .is 02 :..i . Pierce 1 HI. new JA I' 1,1 ISM ' PralrieOIIAI.a Hl 4"7 112 4"H 4 Prairie Pipe . Hal 17'1 19 l.s Solar Rsf t'O, . H"' 60 '.OA '.'Oil 27 Souihern I' L. , 1011210 891 -"-'u south Pa OH.. , I isi Liu ."4:4:4 asa . . SoulhweKt Pa I'' li'-' )'-'s .a, 2 Sln i III of i 'al Iini :ios 119 Hii7 .' I ' Stan ml of Ind KSl 40il 401 40(1 411 Stan "It of Kan l"o 400 4 211 40O 4.' Mtnn I'll nr Kv t k 27S ?9 27S 2s, Stan "ll ol Neli lOU lb .a AO MS" Stan ml of N V. HSI 1 IS) 1" ! ion SlaiiUtlol Ohio l'S) 4H.1 401 4S.1 , Swsn A Finch . HSI 1 110 140 1.10 l liuonTaiikL. 100 sn sa so ii uuin (Ill Co. 100 22.1 '.'.-.0 227 Washington nil III as 42 .Is 12 Anglo-Am nil.. 471 I'Hj 17 gu Stan "Hot N.I. . 100 4 4(1 460 44S 4 1 Suli "ell Ill's'" OH i ... lis 1 H i "Id "all nn" ...1420 ... 142 DIVIDEND DE(TLARATI0NS Btk, pW bfd FN DIVIIHIND Company sad Term. Ani.ri. an Can, quartrrlv. . Ilethlehem Steel Hun,. .1- Bupsrlor. ipiarterly . , China Copper, ipiart. ri ' Magma '"pper. Initial, quarterly Ksvad Conealldaled, suarlerlr PlliaPursh Plate lilacs. ouar terly. rnm It.iv CoBsolldatsd. qu.rierlv Saretv ir Heating ,v l.lglitinc, quarterly DIVIDBNO PAYASUC. Continental QU, quarterly Ann I e, 'V. $., IPI 1i)c lSc IM lilac 13 00 Csmpsnl an.l Term S:k Reading Co., qtnirterly. con Resdlng c,, nuarterly.3 ptd .Mci Centra.!, quar terly . . - - AtmrrlCAfl Type Poob der.. quarterly, pfd American Typs Kottn tlera. quarterly com New York A Hsrlsm.., con New York A Harlem . pf.l New 1 oi k ' Ssnl rill, OBarterly Jullu K.i t". quar tern ... . com Jullu. Kayeeri quar terly 1 pfd Jullu- K.iv.er, qur terly .2 pfd Am. rt .in Weeding -11a-ehlne, q isrti fly pfd Amerli'oti Meeiilng M, rhtnei quarterly com Roat, in llevere Bcaoh Ai lo tin, quarterly.. .. ,'!.::, ei y P a c k a g , qu " terly com Qtiuld M iiiufa, t urlns, quarterly . , com (i,,u ii Miitiufscturms. quarterly pfd Ic '' g i V4lly, quar- ''' com lehln Valley, q.iar- lerly pfd Republlii Hiii, way Lighting) quart, t ly . . . pf.t gland ird ' Ml Ctolk. quarterly . . pfd Willys t v crtuipl. quar lerly p'4 Ami Psyn 2 ; N i 1 ' , Del l's'i Od " I nr ii. . 1144 N " IS', Koi IS-. N"' i-. Net l ', ', i), it- pet, 41.50 . 14 Oct, m oi la-, 0t V4 OM. IS). ' Mi in 14 0