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ADVAtCMS - D WAHIGONSINE~sB U S IN E S S AND MEN- 0ARES lDaN[HmI Washngtonwginl Jeins We . and.and Cpa Tration In Favor 1 akers. Tracties shares ,dod1 supplanted the typesetters ia the eye of the members of the Wasla" Meck 'achange. after they bag been su preme in interest $uphng the past few days. I,- -- Tbroe W000 Washington Raliray 4- Waectrin 4' sold a*ar the opening of the session i taree sales at 6. being followed by one sale of tea shares of Capital Traction stock at 85%. Following call tw9 sbaros of Capi tal Traction stock sold at 5%, after which on a sale of one share the price advanced to 86. Fifty shares of WasWngton-Vir ginia Railway comipo in two sales of equal amounts brought 1%. while a $500 Capital Traetion 5 sold at 84%. During the trading of the day two Washington Gas 5's were sold at T. The first denomimttion was of $1.000 'and the latter $500. Five shares of Lanston sold before call at 83%. LIBERTY BONDS. Liberty 3%'m .... ............ 9138 Liberty 2d 4s...............,.. 89.10 Liberty 1st 4%'m............... 98.66 Uberty 2d 4's.................. 89.40 Liberty 3d 4's.................. 90.66 Liberty 4th 4's................. M20 Victory 4%'s .................. V6.14 Victory 3%'Id ................... 90.16 NEW YORK MONEY MARKET. NEW YORK. Oct. 19.-Call money is lending at 7 per cent today. Time money is quiet with both classes of collatejal quoted at 8 per cent for aixty and ninety days. There w"s little doing in com-. mercial paper, the better names dis counting at 3 per cent. ILIVERPOOL COTTON MARKET LIVERPOOL, Oct. 19.-Spot cotton opefied quiet today. Prices steady. Sales 4.000 bales. . American mids., fair, 20.51: good, mids.. 17.45: fully mids., 16.20: mids., 14.70; low mids., 10.90; good ord., 7.95; ord., 6.95. Cotton futures opened steady. Cotton futures closed- steady. Oc tober, 14.05; December, 1.96; Jan uary. 13.93; March, 13.81; May, 13.71; July, 13.56. VISITING ] and Investors The Much Tal BROOKI Members Pl Will be on cxlhit during the .A. B. 6 P. M., or' call - your convenience. Philip B. Fish of the Statistical hibit this work. Ono Philadelphia 734 15t 15th and Walnut Sts. Publishers of Pratt's Digest of Banking ILaw. A. S. PR NATIONA Wilkimi We exteun of the Ar a cordial Treasury 85 r WE BUY ANI with the circu tails of transf FEDI The Original National Bank Agency. WHAT A A SATS Vftb-T1&, National Bank Pf Cisplanati. Wae* s Meadquarters, Now Willard Hotel, October Ilk 1ows. To the Wasabs=on T102: I am onestraised to bmit a voluqtary testimonial of appre siati of tfii daterprise and forethelght of your paper in presenting in this afternoon's edition a section devoted to the forty-eiath annual convention of 'the American Bankers' Associa tion. wbleh Is at once both com. preenasive and valuable, giparticular interest are the ngo telegraphed to the a sqc Ion through yu from lead tag bankers of the nation. in which expression is give of present sentiment regar g problems of world-wide interest. Very traly youre, CHARMIB.N. EVANS. Commercial Service Department. FOREIGN EXCHANGE. NEW YORK. Oct. 19.-A further break of 2c was suffered in demand sterling at the opening of the foreign exchange market -today; sterling yielded to $3.40 %. Other exchange were slightly lower. Quotations were: franc cables,$6.42; checks. $6.41; lire cables, $3.79; checks. $3.78: guilder cables. $30.75; cheeks,- $30.65: Belgian cables, $6.79; ctecks,.$6.78: ma*rs, $1.41. NEW YORK COT'TON MARKET. NEW YORK, Oct. 19.-Cotton open ing: October. 19.00; Djecember, 18.30; January. 18.28; March, 18.35; May. 18.20; July. 18.05; August, 17.90; Sep tember. 17.95. The cotton market opened activp and much stronger today, Initial quo tations being 10 to 76 points net higher. The upkurn was due to very strong cables and a more hopeful out look, according to private messages for a settlement of the strike of the British coal miners. Cables also men tioned buying by Manchester and a better inquiry for the spot article as factors In the big rise at Liverpool. That local prices did not fully re flect the gains abroad was due large ly to selling by New Orleans and Southern hedge selling. December rose 45 points over the lowest open Ing levels after the call, but met heavy offerings from the South and reacted 30 points from the top, still being about 55 points net higher at the end of the first twenty minutes. BANKERS Inteffsted in the Analysis of Railroads ked Of Comparative Railroad nalysis Done by aSTOKES&CO. ladelphia Stock Exchanre lit at Suite 704, Raleigh Hotel, A. convention ,dilly frem 2to Main 7100 fopJ apantmtar at er, member of the firm avid head Department, will personally ex WASHINGTON Baltimore SSt. N. W. 102 St. Paul St. Established 1867 ATT & Sc L BANK AGENTS & ATf i Building - 151211 d to the visiting n1 rerican Bankers As invitation to call T0EC653 years ~rviceAgent for National B ) SELL GOVERNM ation privilege and att erring bonds and shipr: 1920 EDITION ~ATT'S DIGE5 of ~RAL BANKING U Price, $5.00 Looking 0 .. MAKING, BAD BILLS GOOD TO BANKS Visiting Bankers interested in Process By Which Worn and Mutilated Bills Are Redeemed. Tourists in Washington and those who more frequently sojurn here ro reasonably well acquainted with he processes of printing United States money, but with its redemption and destruction they know almost nothing. There is never ending interest in the printing of bills at the Bureau of Engraving and Printing, but very few visitors ever view 'the working macerator or learn anything about the process by which worn. mutiliat e or partially destroyed bills are made good to national banks by issue of new bills and the destruction of the old ones. Yet daily more are learning that the end of the $5 bill Is quite as interesting as its birth, and just as much care is taken to preserve its value on the day of burial as on the day bf its bright crisp issue. Strangely enough half the bankers of the United StAtes are not thorough ly familiar with this process. PROVISIOX OF STATUTES. Section 5184, of the revised statutes being part of the national bank act. provides for the redemption of worn, mutiliated .or partially destroyed cir culating notes as follows: They are sent by basking institutions through out the country in varying arn nts to the Treasurer of the inited b-ates for redemption. By him they are turned over to the Comptroller of urrency. after being assorted, count d and inventories made in the office of the Treasurer. In the Comptroller's office they are recounted and proper entries made in books provided for the purpose. The notes are then passed on to the Wash ington agent of the national bank who Issued them. who recounts and certifies to the bank and the Comp trolleer the results of the count. The bills are then destroyed by macera tion in the presence of a representa tive of the Treasurer of the United States, of the Secretary of the Treas urer, of the Comptroller of the Cur rency, and of tile bank who issueed the notes. LAW 18 MANDATORY. The law makes it mandatory far a representative of the bank to be pres ent at this destruction of the oid notes, and as early as 1sft% under the rations of the National Bank A(t, banks at a distance from the Capital availed themselves of the services of agents here who act under powers of attorney from the banks. The first Ag e n tfor Over 4,500 National Banks and 12 edera Reserve Banks. )NS, Inc. ONEYS . Street embers ociation upon us - as Washington majority of the aks. NT BONDS d to all de ing cuirency Member of American i ver the Bani ' CURB MARKET. Quetatlon furnished by W. 9. Hibbs & Co. Prices at noon: Allied Oil .............. 19 20 American Candy ....... 3 8 Atlantic Pttroluem .... 314 3' Belcher Divide ......... 4 6 Belcher Extension ..... 7 9 Hig Ledge .... ....... % Boone Oil .............. . li 2 Boston & Montana...... 41 42 Boston & Wyoming ... 1 Caledonia .............. 15 17 Calumet & Jerome ... A A Canada Copper ........ . % 1% Carbon Steel .......... 50 70 Carib Syndicate ........ 16% 36% Carib Trading ......... 45 55 Car Light and Power . 3% 4 Cities Service New . 34% 34% Cities Service Old . 290 300 Cities Service Pfdd. . . 60% 55% Cleveland Auto . .......4 55 Colonial Tire . ........ . .. . 3 Consolidated Copper . . -' 2% Cresson Gold . ......... ..% 1% t Davis Daly . ......... 1 9 Dominion Oil . ...... 10 10% Elk Basin . ............. .% 8% E~merson Phone . ....... 4 6 Ertel Oil . .............. 4 % Frederal Oil . ......... 2% 2% General Asphalt . ....... 53% 56% General Alphalt Pfd. ... 87 04 Gilliland Oil . .......... .27 29 Gilliland Oil Pfd. . .... 88 92 Glenrock Oil . .......... 1% 2 (juffey-Gillespie ........ 32% 33 Granada Oil ........... 8% 9% Heels ................... 4% 5 'A Hercules Papet ......... 23 25 Howe Sound ...........3% 3% Indian Packing ........ 4 4% Intercon. Rubber ....... 1 12 Intercon. Petroleum ... 15% 16 Jerome Verde .......... 4 % Lake Torpedo ..........1% 2% Lone Star Gas ........ .29) 31 Livingston[ Pet . ....... 55 Magma Copper ........ 23 2N Maracaibo Oil ..........20% 21% Marland Itefiery ....... .. 3% 4 Mason Valley .......... 2 3 Merritt Oil ............ 14 14% Metropolitan Petroleum 4% -0 Midwest Oil com....... 1 2 Midwest Oil pfd........ 1 . Midwest Refining ..... 148 150 Motherlode (new)...... ..5% 6 Nevada Ophir .......... 15 20 New Cornelia .......... 17 19 Nipissing Mines Co......, 8% 9 North Amer. P. & P.... 5% 5% Northwestern 011....... 25 30 Pennok Oil :. . 0% 7 Perfection Tfr........1 1% Producers & Refiners.. 6% 01% Radio com............. .2% 2% Radio pfd.............. 2% 2% Ray Hercules .......... % % Salt Creek Producing. 2% 29 Sapulpa. com........... .5% 5% Silver King of Ariz,... '10 3 Simms Petrol.......... 11)'1 1(1% Skelly oil .............. 91 9% Submarine Corp........ 11 12 Swift Internat.......... 219 29% Tobac. Prod. Ex........ 13 1. Tonopah Divid......... 1% 1 Tonopah Exten......... 1 111 Tropical l ............ 16 18 Tnited Eastern ......... 2% 2% U. S. I. & H., com.......1% 1% U. S. L. & H.. pfd...... 1 2 United Prof. Shar...... ..2% 2% U. S. Steamship........ .1% 1% United Retail Candy... 10% 11 Warren Bros. ........... 23 28 Wayland Oil ............ % %A Wayne Coal ........... 3% 4 West End Cons........... 1j I A W hite Oil ............... 23% 24.% Wright-Aero ........... 4 6 CHICAGO- - Armour Leather, com... 15% 15% Armour Leather, )fd.... 92% 93% Armouw. pfd............ .1% 92 Cudahy Packing ....... 65 66% Libby .................. 11% .12 National Leather ...... 9% 10 Swift & (Co.. .. . ..... ....146 106% Union Carbide...........00% 60% of these agents to be incorporated in Washington wvas organized lyy the tate A. S. Pratt. which uinder h'lm, his Mons nnd other executive, has con tInued to the present time. In practice the hank agent very frequently find. error, in the counts of the Government clerk.. Sometime. these errors are on one side of the account and sometimes on the other. The agents have been able in the past to rectify and change, the countings of both the Trensurer and the Comp troller, and to save the~ banks some thousands of dollars. The bank agent thus serves a useful purpose not only to the Government but to its elient, and it may be said that he enjoys the complete confidence and co-operation of the official, of the Treasury. Under the provisions of section 5160. United States Revised Statutes, every banking association having bonds de posited with the Treasurer of the UnIted States as secturity for circula tion shall once or oftener in each ' fiscal year examine these bonds and compare them with the book. of the Comptroller, and if found correct to flle with the Treasurer the amount. denominations, and different kInds of such bonds. This work is done by the bank agent for financial institu tioIns at a distance from the Capital. Under the operations of the Federal reserve act the Fedelal reserve banks are placed under th~e same regula lions as to Federal reserve bank notes as the national bank. and the work of the bank agants has now been ex panded to include the Federal re serve banks. E. H. Spence & Co., Inc. Investment Banker, 811 NMuer DBg.,I4ebm~ain 3455 5.rina-Sfety- ssv..etb e' -:- By DIC tet NEW YORK STO Tb. 3market cl0sed utroug. 7 *~~ Ukk Raw I=9 30 Ad'. RumeYt.... 29 27 29 61 Adv. M.m. Vf.... 00 40 Aax Rubbe.... 41 40M 40% 2 A''''m Juneau... 2 2 2. 84 AWIS-CbhameO .. Z4 84 34 Am. AgrL Chem. 8214 86 821 743 An. Be" sUgr. 164 7 76 33 Am. CaM ....... :3'4 '34 3% i11 Am. Car & 14y. 13534 133%4 1334 34 Am.Cotten OU.. 24% 144 4 4 914 Am. Drug Grad. 9.4 914 9!4 L41 AIs. Eipre.... 140 140 140 WIS AOL. NI & UP... (1 59 61 O9%Am.LInseed..... (9% 6f% 6)% 72% Am. InL Corp... 14 7-04 7316 9b4 Am. LeOOmUveO. 96M 16 9t4 . Amer. Looo.pfd... 100 10034 103i 14% Am. Safety Has. 34X 14% 1496 Am. Ship A Com. 17% 17% 17% 58% Am. gnmelSg... 59 .4 !816 O3, Am. n er ..... 1C576 4 108it i Am. Ougar PC... 1(8 137% 18 56M 4m. sUmatra To. 87 16% 806 iL0 Am. TeL & Tel.. 100 S9% 99% L34 Am. Tobacco ... 123 133 13 29% Amer. Tob IL.. .. 18% 12 12 36 Am. Tob. Isow... !0i f0% 90% 10!4 Am. West....... 7154 (9m 71 51% Am. Wr. Pa. PC. 61 51 1 50 Anamenda ...... t04 4916 60 Am. Zino ...... 1134 11% 11 8856 Atchison ....... 88, (83 t8,4 78! Atchison p..... 781 719% 77% Iv! Atlanta & Birm'tn 4% 934 93 431 At. 0. W. 1... 146 143 146 Atlantic Fruit... 191, 181i 19'i 31 Barrett Co...... 131 131 131 L13% Baldwin Loco .... 1144 % 1 !'s Baldwin pf...... .91 9SWe 47;t ati. & Obhi. - . 471% 41 471 I 53% Balto. & Ohio t E3,4 1.3% !3% 701 Bkt. Stel ... 70% 70 70v t04o4 Dth. steel p... 1(5 10a 15 b6 Booth Pishores. 6 6% 6% 1410 BrooI. Rapid T- 15 14 14% t4 BrooMiS t. Gas 5s 54 E4 15 Butterick ...... 14 % 14% 1434 99 Burns Bros..... % -.8 98 C.. C. C. & St. L. t7 17 67 4h Canadian Pac.... 12b% 124% 125% i Caddo Ou....... 20, 19 2DM L4 Chandler Motos. 44 835% 44 41% COntral Leather. 41% 4134 41% Ce. Leather pf. 14 14 i4 67 Cbe. & Ob4.... 6. 67 634 423 ChI. XIL& St. l. 63 424 42M E216 C.. M.&S P. t t34 t24 (23e 3/,% C. A. L A P...- 38 37% 3d 70 C.. I. L& P. 6 wa 7034 70% 70%4 83 C. I & P. I WL 83% 83 83 12% Chicago GIL W.. ;2-i I2 123 2t34 Chi. G. W. pC.. 29h 29 20, 2 ChL & L W.... 8d 82 82 13% Chile Copper ... 136 13% 1334 24 ChISe CoM. Cop. 24's 24 24A4 :9 COca C01a..... 0>% 25% .04 1% COL- Graphoph. kh 9) 2.!4 to COL Gas & Niec. 'F9 W Uv 12%4 Cora Products... t2% 61 824 .01 Corn Prod. pt.... 101 101 101 9 C. 1. Calahan.. 8% 8% 81 5)1 Conse Gas .... t5 b6 6b 72 Con. Cigar Corp . 729% 723 7% Cont. Can ..... . 7414 74% 7434 10 Cont. Candy Cor. I0% 10 10% 2o Con. Teutile Corp 2% 26 2;4 Conden Cc ...... 313 37 37 291 Crucible 3tee... 129 0 28 128%4 41%Cub.Aa.6E. et5 4134 41 41 34 Cuba C. CSEar.. 36% 36 35% 24 Cuba C. 5. pt.... 74% .33% 13,, Del& Hud..16i03 103 ,3Da.& Rio ... ,, M 5 3% D. &RIqO.pt. 383 sh 3,, 11%! Dorne Mines ... 1i.% 1134 1134 18 Erie ... ....... ..18, 1834 18%4 a Erie 1st pf..84 7% 28%4 21 Erie 14 p1.......034 28M 2th 23% Fiske Rubber... 29% 2034 2.34 22% Freeprt Te&.Ce MM3 .22 .2 GTA Gen. ClarCo... 67% 62% t234 40 Gen. Electia... --42% 140 140-4 Bgg Oen. Motor Cts- 18%4 18 1834 Gen. Motur Debe L7 ($34 6634 49% (Joodrich B. V... 1034 4N 49%4 a Oray y Mining.. 3% 30 30 34% (It. *rth. Oro... 34)% 34% 1.43 * 04. North. Pf... 88 873 4 2734 Greene C. C..7 2? 27 1734 Guantanamo Suga 17%4 1734 17%4 of/ Hask. A Barker. 6734 t734 6,% 0% Houston Oil...1(5 1C4 104% 3 H uppe Motor Canr 137% .3~% . 3%~ Int. AgriSul. 2% 30% 20)t !5%6 I- Central ... 9 4 9 6 74 IndahoaIRefCo 7% 7% 7% 43g Insptra.Oo... '334 433% 43). 434 lntq- Cons. 534 44 534 15 Cnt. Con. pf.... 1% 153 16 7%inter. NIlhel. 1/M 1734 17% 32% Invincible Oil.. 23 31 3234 7434 internat. Papar- 7434 1234 73 63~Ilnd Oil &1 Tr * 6 6 4ggKa. Cit e. Pt. 4934 46 4) j4% Keietoue TIte-. 1534 1436 1634 2% Kenesot...... 32% U2% 2 6 Lacka. Steel.... 6414 4% 64 3 Lk Erie & W... 31%6 f1% 21% 3834 Lk Eri & Wpf. 39 3534 :9 3% i..high Valley--- 54 133% !4 40 Lorillard.. .. 142 1404 142 8 Loose-Wiles .... 33 36 33 MANSFIELDE F W. I. Mtbs & c;. resserar Comms 1111b Lee ces S1 LeeOW's (IFAIL.. jJ1j g0% 2c4 196 Mart. Parry Co. 38 I 19 Manbat. Shirt.. -4 204 2)4 67 Ma=hmt. X1. guar. k5t 58, 184 Masat Sugar.... 91 b9% 93% 18M Marine eam..... 39 38 ;9 60% Maroe. P....... 1,1 09% 714 Maxwell Ist pt.. 8 8 a l814,MzexIa PetreL. jq3j% :0i 1sl3 36 UlIdale stee... 36% 36 MM 13% Middle States... 144 31 14 19 Miami CO. Cep.. 19 19 Il. 184 Mlnn. ? St. P. IL. 1% se% 19% 64 Mont. Power.... 64 (4 64 191j North Amer. Co-.. 59 59 53 3414 Montgomery Wart 554 231 24$4 4% Mo., Ea. & Ts. 4% 4%, 4A 93 M. K. & T. p14. 8% 6% 8% 2736 Missouri Pases. 26 27% :8 52 Misser Pae. p. 52M 52 t2% Xa'! Aai.&ChemC L74 t7l% 67% 7 Nat.C. C........ 616 O 6i 61 Nat.RRO.. Max -.. 6, 64 4 Nat. Lead....... 744 74 74 104 Nov. Co. Cep... 10% ;04 J0% .36 N. Y.. . IL& I- 3496 23!j 34! ell N. Y. Central.... a2% (0% 82% N. Y. Dock..... 24 24 24 4636 N. Y. Dock pf.. 46 46 46 9336 Norfolk 0 West. !9 19 99 604 t'orthers Pacdae. E0% 99!4 90!4 50j N.O., Tex. & Mem- 59% 59% 59% 234 N. Y.. O. & W... 24% 211' 243 Nunnally Co.... 13 13 13 41 Nova SCotia 1tl. 404 1004 403 Ohio B.&8Ulow.Co. i7'1 Vi 17 Vk Pr. A It. Co. 4 4 4 Orbum arsuit. 2f( 2E% 26% Otis Elevator ... 21!j 214L 21 l Otis Steel....... 13 3 132% 13?A 236 Pacific Dev. Co.. - - .3! 22% 2% 53sj PA. Gas & ELCo.. f 3% 52% 6,2% 88% Pan-Am. Petrol. 89% 88 89 17% Pere Marquette.. 2. 274 a7 43% Penma. I. I..... 43% 43! 43Y Pa. Seabo'd Steel. 1 -17% 17% 38% P e. Gas C.... 38% 3S, 8 36% PhIla. Coal... 39% .8 i9% (6* Pittsburgh Coal. (74 36% Pit&s & W Va... ,6f 36% -6,, 13% Pierce Oil ......14 ;4 ;4 Pierce Oil, pfd.... 80% 80% 36% Pierce-Arrow ... 35% 35! 354 96 Pres. Steel Car. !6 96 (6 Press 9teel Car pf' 1014 101V 10,3 U3 Pullman Pal. Car a 2, 1322j 1123i 68 Punta Al Sugar. 70% 67!4 k9 M Pure Oil ....... 39 3 39 14% Ray Con. Copper C 144 14 14 Ry St. Spr pt... 105 105 1(5 RX Rep. Iron & 8teel 6% 76 ?t% 751 Replog e Steel.. yyi '7 776 97% Reading ........ 97% St l 97% 564 Reading. lst . 9% 56 i94 6t Reading. Zd .---- 614 58 19 i 4 Republic Motor 'Ir 34 334 :34 7,r% Retail Steres... 74 236 ,4 77% Roy Dutch N Y. 794 77 784 4% Saxon Motor..... 53M. 5; 536 10 Seaboard Air L. 9% 9 % K(814 Sears Roeb'h.... 1114 08i ill!, 464 Shell Trod. & T. 47 46, 47 313i Sinclair Ol...... 31y, 5 31% 9316 Southern Paclo. 9 i S8', 99 31 Southern Ry.... 315* 31 31 i44 South. Ry. pfd.. 64% (4 f.4% 314 St.L & San F... 3134 31 23% 36 St. L 8. W. R. I-.. 35% 35% '59 67%So-8. .& L.. 69 69 (9 ,054 dtan. Oil N.J. pf- 15% 15 36 bJ 70.ftromberg Corp. 694 6914 694 57 Studebaker .- 74 6% 67 p3% Tenn. C. &C... 5% 9% 94 49% Tenas Co..... 50'4 49%~ 49%~ Ten- & Paci~e--- 204M 21., 73% Tex. Pac.CoalI&oIl. 33M4 33 33 19% ThIrd Avenue.... 7Q0% 194 903 66 Tobacco Prod... 6% 65 6 11% Tranacont. 01l.- 124 11 32 2954 Union Pacific... 1174 :26% 327%4 67%j Union Pacific pfd (7 678 67%. 573 UnIon Un---.----.7,% 27 27% 49% United Food.... 43% 4934 49g %j United Fruit. ... 2134 206 11.4 U. 8.C.1. P. &F. 14 24 15 6436 U. 8. Ind. Alcoho! (4.4 (4 V44 283 U~n. Rt. & Inv. pr. 7836 78% ;gg Un. Realty Imp- I'l 61 51 753% U. 5. Rubber -.... 16 i ~54 76% 67% U. S. Steel...... 68 37's 18 08SMU. .hlpf---. 1(9 1 9 1(9 (6% Utah copper. 6e E5% 16% 11 Utah Sees-..-.--.--.-126 31 124 6.*' VanadIum Iae--.- 634 (34 ( 3% 58 Va-Car Chem... b84 t5 57 1*34 VIt'oudou Inc -... 13% 12% .3 134 Wabash IL I... 12 1136 11%4 31% Wabesh pf. A.-- 314 31% ~1% Wabash B..-... 22 22 22 15 Western Maryland 154 15 1536 764 Wes.Maryd2d .. 2754 2i% 21%4 36 West. PE! ....37% 36% b7% 74 West. Pa.pf... 75 74 75 14% Wh. & lAhe Urte 2534 4% 3 27% W. L rIte, 16 76 16 4736 Westlaghoue -- 474 4614 47% 1136 WillIe Overland. 1134 203 31 Willys O,. p-.-. 6334 18 80 37 Wilsoapd.--..- 67 (6 1654 Westh P a.... 58 88 5 n.0r High. Low. Cloee. Sales up to- - 11la.mn. 11 nlon. 1 16m. 2 p.m.' 89.000 184.000 240,700 233,600 LABOR'MOYE9 AS EMINT Situateni itaM.W*CWWntiw to MelVp 'innli on t,:. Stek Ese OF MAX 348U. N Iow dal Ues . o. . . labor situation t"Inued to set as 0 deterrrent to sae trading 4W the stock eshange to~ay. many tsedere Preferred t% &wait iasae expressloes from Premier Uoyd George Is his address bete, Parliamsent en Indus. trial eenditieas before actively par ticipating in the deaUmg. Meet of the busiaess represented professional of. fort. Price eoakgeq during the after noon were irregular with the trend of the majority of the issues being to higher fgures. SUGAR g1'OfMS FPATIMMR, The sugar stocks were a feature of the trading, due to the better feeling in refmed sugar eloles and th' .qlief that the raw article will ' ork to higher prices. The fname'al relief that is to be given to Cuba te sta LE WIS MU) COMP opening of at 516-51.rh 15th and tred This office will I vision of - MR. B. who has been a the firm. Mr. N with the Internal ington since the Excise Law in was Head of t0 and an Auxiliai mittee on Appet come Tax ulit. Mr. Murphy wil tion to all tax in require presental Internal Revenut LEWIS, MUI Accountant Indusl 516-'517 SOUti New York Chici FACTS i PIGU ABC PM xPIG _BY GERN We knew ef no seetation very large Pret, with smali ri etio e ro s. TOS 6 MONTHS'OPTIO Centreol 16,000 N 5 et advanee she 5 Centreis Se,00 11 7 5 eet advane* &be $1 (entrels 45.00 A $ eest advanee abe Centrols lave" a 0 eet advanee Uba Presidentitl eleeteon may ba value of marks. We peleve that NOW IS THE' THErE 18 NO RISK BETOND TM ARE NO MARGIN CALL.6 Forward today your remittAnes for six or 10.005 Geoe H. Perki spec.lt4es in I 624-5 Munsey BdS., W..h111tm1 NEW YORK. MO5IN. Pi Friction Among Heirs IIOl.a friendships often are -wrecked by the Aquabbling in -asired in applying a will. :ICourt orders and litIgation ifrequently are necessay. even Iwhere the beneficiarie- are *n Ourm FirerMortgage Notes on Simproved Washing ton real es Itate have rnot only the ad van |tage of unequaled safety as an iinvestment for your lifetime, but --an estate conaisting of them can be decently and quickly divided. SWARTZELL, RHEEM & HENSEY CO., 727 Fifteeth Street, 'EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION Organised 1879 40th YEAR COMPLaETED Asseta .....$4,221,72.51 Sur plus.... $1,40,433 -If yyu want to win a..ces you must learn the lesson of saving. Join the Equitable and saPe *ystemnatieally. Abseetptteae te the 79th Isue of Stock Seing Reeeived Shoes $2. per Nonth 4 F.r 0.1t Iuest EQUITABLE BUL.DING, * 91 F St. N. W. DORMx *0t uosON.' President P.mANr U'. UMUmaDna. S=eeetae wuOMW 6m Mnw omasse'es*as. -mna ost sa-Whea - De.embe. bw. es: eme.J KV TM COFE NMKET. MWRE roo. 616 .-The fertee "f" amar h. 1j " July. IS~T. ble ils "Uee. Uwee at". helpe" Wi'se Isues. Ouba-Amerleas augar. Amergees SoaW sefteiM. and Ate toa &ea ger Were. akes at ad vaeee f tuwojpiat and more. bherts Is Ieare-Robuck were aquaes0a In the'early tradiing &ad the stock rose to 110. The advanee in this loese helped the rest of the list. Steel comma.o after early weakness Armed In the later trading holding around. 11M. Union Pethfic rose one point and eading aleo soered a good gala. Copper issues were sgal MOft. and Amerleas Smelting tfallbg one poaint. United Prit takes ia the late ftr00 to 10. The oil isse good demand and fe f fromae two points. '0 seeae FNews esm 4Y AND Wounce the lington of/ice wr Building, tN.W. e under the direct supe G. MURPHY, dimitted to partnership in urphy has been associated Revenue Bureau in Wash Incidence of the Federal 1909. More Recently he e General Audit Division y Member of the Com Ic and Review of the In I give his personal atten atters of our Clients which don before the Bureau of ZPHY & COMPANY a, Tar Consndtants, rkia Enineers Bern dg., Wasbiingtont tgo Cincinnati Pittsburgh Bostoa UKS.I AU MAK -m-m. rhieb affere on"e bpertealty fer *..as the parebus. 0f" months N AS FOLLOWS: PROFITS rks. With each re call re$5 arku. With can" we vau rqte rki. With each we caD rate $5M~ re :*ver, wide hear... a the IME TO BUY B COST OF OPtON. AND THEREC nonthW option on either 10.000.. ro,00 1 Uark.. ns & Co., Inc. Poreefi Money. . C. Open Evenings till 9 P. M. FFtCEN: RILAD.LPRIA. BALTIMORE. TEN Munses Selig TweHigh?. freIght rates went Iato effeet. the rail. lusted on the New York Stock Exchange have been advancing., and many much further tey will go. -This is an inareetin~ ques tion an it. aswe a gov Iroads as a whoie to operate prftably undr ex tin n - connection is summed up in mn article appearing in our Market Regie. Ia additien to coverini the thloq ituation th currnt will be sent uapo-a sregueut, soataina a comtplete analysts of the following roads~ Pittsburgb & West Vrginia St. Liuui--4-- Franes Cheapeake & Ohie Seuthern Ruilway Great Northern Unie Pacik Ask for WT-54 L. . Fuller & C. so srees6 1sfemsa ter3.. New Y CaseL s