The Wall Street Journal from New York, New York • Page 5

We recently advert lied thatpresent price In the bond market offered an unusual opportunity to obtain a high fncorns over a period of years. Aa an example of this we offer, subject to prior sale DETROIT RIVER TUNNEL CO. Terminal and Tunnel First Mte. to yield about 4.70 per cent. A first mortgage on an Important property of the New York Central system.

During 191 1 and 1912 they sold at prices yielding about 4.45 per cent Lee, Higginson Co 43 Exchange Place Cotton NEW YORK Chlcare FISK ROBINSON BANKERS Government, State and City Issues 26 EXCHANQE PLACE, NEW YORK tenbera New York Stock Exchange llarris.Forfces&Co BaretMort W. nirrl. I s. T. fine Street, Cor.

William NEW YORK net as fiscal agents for municipalities and and deal in high grade railroad and public utility Bonds for Investment Rhoades Company Banker, Iftmbtra New Tork Stock Richanc Investment Securities List of current offerings of Municipal, Railroad and Industrial Bonds, Equip, ment obligations and Short Term Notes cent on application. 45 Wall Street, NEW YORK Boston Hartford I rmivln Tomklna I Warren TI. Erwln Vv iUlam owli-e BpeclaJ WARREN W. ERVVIN CO. Memberi Conolldieil Stock Kur.hana of N.

T. 20 Beater St. I VKTM bTT BAVKEHS New lark FRACTIONAL LOTS I carried on connervatlve margin. Iniereat allowed on depoalta. auujecl to check.

By our method of publicity our custom- i ers have the same knmvlede of their broker that they have of their bank, I New York. N. H. H. Rights w.

i. Baltimore Ohio Conv. 4s. 1933 Chic. Mil.

St. Taul Conv. 4 As, 1932 South Penn Oil Co. NEWBORG CO. Members Nir Tork Ptork F.xchsna.

Telephone 4.1BO Rector so I1ROADWAT PrtraHe Wrt t. I.nala. ROBERT G00DB0DY CO. BANKERS AND BROKERS MEMBERI RW 1III1K STIM UH VG EU feeurltlea Bought and Sold on Commlalnn. Coiiooni Caahad and fIHdend i.ollected.

Ordera Riecuted on the t)NMiON' AWt DUBLIN BTOCK tXniANOEs) BROAOHAV, NEW VORK. Tel. BBS 4) Rerl.r Allis-Chalmers Mfg. Co. Common and Preferred A.

M. POLACK CO. B4Miallaa la Mew Y.rfc Cltr Bunk A Truat Co. Stnrka Thone 3100 Broad 25 15IiOAI X. GREAT WESTERN POWER 1st 5s, MADISON RIVER POWER 1st os, 1935 HUDSON MANHATTAN BONDS AND STOCKS WOLFF STANLEY Telephone! Broad.

Wtlllaaa trert Krw Miller fi(ompanu I aANHt av I Msmbera New Xork Stock Exchana. aa Broadway V.rk ROCHESTER, SYRACUSE EASTERN 6s, 1945 DTJLUTH, RAINY LAKE WINNIPEG 5. 1916 GREAT NORTHERN RAILWAY OF CANADA As, 1934 To Reach the Investor in New England Advertise in THE BOSTON HERALD Sample Copy and Rates on Application Bankjrust Realty Company Stocks FRANK J. M. DILLON ALL ITW.ET, X.

Y. MM RKCTQR Service and industrial Bonds Clark, Dodge Co. 61 Wmll (Ireet, Aew Vork PBOPOSAl.S. TOWK OK ilTKn niik, tIRUIMA, I23.ooo.un arr HdMi or hale. Relied proposal wilt be rt-oi-ierl at olflre of Jno CJarland Pollnrtl.

Mayor. Itenm OKI. Mutual Vlra-lnla. until September lot ii. loin, at noon, tor the put- 1 he of Si nft-ver miinli-ipal Imiida.

Inter, s- rahle antnl-anniiallv. The law provlite-. fr a slnklns I fLino te retire nonon i mammy, tunin an- orui; bl da la reserved. Nn blna at les than pur JNO. CiARUA.SU fOLUARL'.

Mayor. I I i I i I I THE WALL STREET JOURNAL. THE BOND MARKET. Second -Section. NEW YORK, WEDNESDAY MORNING, AUGUST 27, 1913.

PAGE FIVE. BONDS HAVE REGAINED NEARLY HALF THE LOSS EARLIER IN THE YEAR. Highest Grade Bonds Have Sot Recovered as Large Proportion of Their Lots as Other Issues The Decline Greater Than in the Second Grade Railroad Hands. 1 Bonds have refrained nearly half of the loss they suffered in the first half of the year. From the low prices I reached ahout the middle of Juno, there has been an aver-I eye recovery of over 2 'a points in the high grado rail- jroad bonds legal for savings bank investments; a similar mrovery in i.ie second grauc ranroau doiiuk; uwu 5-point advam-e in the low grade railroad bonds, and about a 4-point gain in representative industrial issues.

An interesting feature of this recovery is that the highest grade have not regained as large a proportion of their former loss as have the lower grade issues. i. K.v-i.. j. u.

j-lin. 4 in 4 Via isiiiniri- hnn Knn Aa nno nnofli turn nAinte rrvoa 3 r. I man mat in me bccoiiu Kraue lautiwu aiir, mu naui-I cMly the same as the loss in industrials. They felt the I competiton of the unsuccessful St. Paul general mortgage bond offering more than did the second grade rail-I road bonds and have not yet had time to fully recover from .1..

i.u. that savings banks have not been in the market to any great extent. The following table shows the aveiage decline from the high of the year for six bonds of the different gredes and their recovery to date from the low price I I I i Present Ixiw Pec. Price Adv. -fc VS'i 7 SI" S4 Ilirh Savings bank bonds Second grade rails.

S8 's Lower grade rails 71 Industrial bonds SK'i I The bonds used in compiling these averages, with thci' i high and low for the year and closing price Mnndny con. pared with the low are ns follows: I Savings bank bonds: High I Atchison gen. 4s St.S'n L. N. uniL 4s Hfi's I Nor.

V. 1st. cons. 4s. Nor.

Pac. j.rior iien l.s. Hv'm Heading reneral Is i'T'j Lnion Pai ilic 1st. 4s Second ernric rails: Atchison adj. 1 Atlantic Cuust Line coll.

4s. iiJ1" C. South, rcf. ext. Rio ti 1st cons 4s cons gen 4s prior.

ST South, dev. Si pen. I Lower grudc mils t'h. 4- (Jreat West. 1st.

Is. 77 II. K. (i. 1st S4'4 Minn.

Si. L. 1st ref Is Low Present Adv. 2's Pi's 1 Pi's VI si sr.1- VS'- 2 S'l 2 i a2 s. 71 72 I 1:7 K's 2 10-4 r.7 C.K', 17'; r.

filaH PG ino prirr 4s una the Uock L-liind coll. 4s Seaboard Air Lire adj. iTol. St. I.

West 4 Industrial bonds: i Anier. Tel. T. coll. Armour Co.

1st. Central Leather fs Histillers Sec. conv. Cil'. 7o Int.

Mercantile 4'ss. U. Steel 2nd os. ..112 tinction of beinc the onlv bond in this which is tvw selling at the previous high point of the year. The ad- vance from the low of the year, however, hus been prcnte- in several other issues.

Air Lire adjustment mortrage have had the greatest advance, Rock Islmi'l collnteriil Is second. XofCB. Philai.e.phia-Tlie issue of Buffalo. Rochester 4 P'tt. 1- ni'i rw-rMi1! n(T I'l I.

nrnwl, VIIKK CONNKCTINC; komi hond isri; Public Service Board Aykrd lor Authority to Erectile nun.OOO Mor'gnge H'i''i Bonds Cwflr-1 an'rcd by Pennsylvania and ric Haien Ruarls. Tiie New Vork Connecting Railroad by Samuc: Roa, p'e-ident, has made application to the Pub ic Scrv-r-c Commission for authority to execute a mortgage of to the (iuaranty Trust Co. ind for permission i. is'-ud liic-emidcr $1 bond'. The mortgage is tlatcd May ill.

r.H3, and it is stated in tiie application that as a ma-kct for bonds at the. present time is not rood, that ti.e company be authored to is'uc -l'-jrr th-ee-vear notes, to be secured by tn nun lino nf hnnHv. The nrincimil oiid interes; will be guaranteed bv the r-n the New York. New Haven Hartford Rail- i road Co. The New York Connecting Railroad Co.

is to connect he New York. New Haven Martrord svstem with Long Island Ra.lroad the Peiinsyivauia Tunnei "My sutement as that in my opinion a consir.en-.Me Terminal Kniboud Co. and the Pennsylvania Kailroad in portion of thv debentures would not lie taken by sto- k-this citv bv means of a bridge over the East river at Hell 1 1 i(. TS nionev conditions had remained as they were Gate. Inner it was necessary for the company to arrnnge for hi then were at one time expe ted.

Balkan pca-c President Kea states that the cost of the extin issue. Kiiiancial and general conditions having s.nd better in Mexico ard lead to tiie hc-r'opertv of the company, as shown by the balance rhees 1 assume a la'ge nuniliei- of stockholders will cubs-riiw, i i ef thai, for so re y.n.t at any late, politica wi 1 cea? of March 1, amounts to The stock of ihe company. is divided evtmly between the Pennsylvania Railroad Co. and the New York, New Haven Hartford Railroad Co. Contracts for the construction of t'ne New York Connecting Railroad Co.

have already been awarded to the American Bridge "Arthur Mc Mullen, contractor, T. A. ft i 1 1 A i 0 ln Mi'l'lintic. Marshall Construction Potrint- I F.van, contractor, and the Snare Trie-t Co. I A public healing will be held before granting the an- on September 3 bv Commissioner Maltjie'nf t'le Public Service Commission.

KANSAS CITY ItV. LH.1IT. Made for Paying Interest Sext Mo tii on tht 6 Per Cent. Sotcs. John B.

Dennis, chairman of the committee representing the 6C; notes of the Kansas City Railway Light due Sept. 1, 1912, announces that arrangements have been made by which the interest on these notes from March 1. 1913, to Sept. 1, 1913, will be paid to the holders at the New Vork Trust Co. on and after Sept.

2. Notes and certificates of deposit of notes must be presented for endorsement. UMTEI) POWER LKiHT NOTES. F'uncfs to Pay the Interest Defaulted in June on Depcm' With Bankers Trust. The Tevie-Hanford which placed the $1,600,000 collateral 6Tc notes of the United Power Light Co.

of New Jersey in this market has received notice that the funds to pay the interest on theise notes defaulted June 1, have been deposited in the Bankers' Trust Co. and it will pay the defaulted coupons on and after today. Ivitko Copper SOike. Houghton Seventeen shafts are now hoisting rock in fjikc Supsriorsti-ike zone. Calumet Hecla No.

3 shaft a ij. u. tirnt vl s.isr inaiiK luv rr.iriiwoiiii. olher Calumet Uccla shafts are working. 1 1 I i 1 TKXAS FREHJIIT KATES.

State Com if lion Preparing Suit to Test Authority Over Cargoes Unloaded for Home Distribution. Austin, Texas' The state railroad commission fathering; evidence to be used in the test suit which it will soon instruct the Attorney-General to here against certain railroads of Texas with the view of determining whether state or interstate commerce regulations govern hipments of freight unloaded from steamships at Calves- ton for distribution in this state. The take the position that all surh freight is inte: state and therefore subject to the rulings of the Interstate Commerce Commission's regulations while the railroad commission of Texas contends that the freight loses its interstate char acter when it reaches the wharves and is subject to its repuIation, and rues je such frei escape the freight is clawed as interstate the railroads absorption of the loading charges at Gal- veston and this burden will be placed upon the consigne? cr consignor. The railroads would then a. so be compelled to assess the interstate rale from point of shipment ti point of destination.

This is considerably higher than the present cnmoinaunn oi local rates, ii would ue a serious blow to ail distributing: houses situated do of Ga mw.vmwh ton- imed. fiALENA SHiN" AE OIL 1)1 VI I) MX 1) SHOULD XOT CAUSE SURPRISE Erectors II uh Stock to be Considered as a Regular DsueSo Reason to Believe There Has Been Any Change in Earnings. The omission of the ext't "dividend cf on Galena Signal Oil common stoi-k will probably occasion surprise in jmany quarters, hul this should not he the case. In this it mipht he to qjotc from The Wall Street Journal of May l'f at the time of the first declaration on i the new common stock: "By the dec's-ation of and Kr extra dividend on the common stock, director. of the tialena Signal Oil Co.

have decided to place the j-tock 1 12 annua baMs. snn a interests connertel wun me companv have always believed that dividenrii i should be distributed to stockholders extra dividends mav rt declared from time to time as earrings warrant In taking their present action the (Jalena Si-nal hoard prohablv wishes to impress upon shareholders th" lommon stock is on a 12'. annual basis and that whatever may be declared in addition to that must be considered as un extra dividend. There is no reason to helive lhat thero has hrn any change in eari.inirs since the last di. tribiitio-i was made and there i ro doubt that the company could pay an extra idend at tiTc if it were decmci de-5 Previous to the incren-e in the common sto-k ihe inrri av pnil at the rate of a yejr.

This rmrunied to JI.2MVOI' on the oid common stotl. At 12r. annual. rate on the new J12.ff0.''i0 stork the corrpary would It distributing to orimnn harehnlder' $1,111 Put the amount be in execs i.f the latter fitrure. a 1 has already beer, paid in addition to the rerular 12 to lie paid fr the jeHr.

im.ans roir m. n. hoi ti: san ncwrisco to ivwama, Covers won to for drcd Miles of Ruad -Scant 'i! ions inr Extensions Through Certral Amcrira to the Isthmus. fitv of Mexiro-In explanation of the re-er! ress dispatch from London in regard to a concession whirh the Mexican government r.as granted IorJ tnwdrsy wni and associates for the construction of a ahr.g the is of far reaching importun e. It is aid that ti.e plans of the Pearson syndicate, as it i caned, which is known as S.

Pearson Son. and of which Cow- dray is the hcaii. not ot.ly const ruction of inure than eight hundred mile i.f ailway in Mexico, 1 the taking over by it of the National Tehuantcpeo and I'an-meri'an railn aris are i'. Besides the t-nd the transaction the rvr.di- cate is with Certral Atneriran for fi.r th, ninst ruction nf un extension tif the run. I I 1 I i ,111 1 i American line ti.o; with the Panama Canal the Po-itio-i" t-: P'oposed southern temiinu-.

The fulfillment of these I "The ma-keri advance wni-rh would niean of a di'ect r'l rail route hr. Ihoii followed by a fjrther is from Pan Francisco and other suites Fa'ifu d-ii-tiiG? so tl at the quotation ii h'g'rer than it points and the It-thmav of Par.ama. The ra--i' Prn any time since the die of 'est Janjary. Ameri- already nmsnen onwn cm to itv of From Tepir to Salina i r.ir. the rat'ir Port fermintitt of the National -Kailroad, i hlnut eight hundred miles; Situated along this route a-e good harbors mid deep water port-, the must important of which Arapulco.

con vkktihm. Cinilrr Correct Reports Ass'imes Tl ot a Lorge S' ir. her of Stockholm's i Subscribe. Thcnias Witt C'uyier. correcting Certain newspaper reports of his statement bt the New orK.

New Haven at llai-tfoid vlockholders' meeting rcjtnrdinir the likely suc- C0.P the offering of H'O convertible C'r deben- to steel, holders. s.aid: l.i.t the board of directors had to act, as the financial con- ditiims then appeared." i havkn 1 1 OVi'i-ic II Anderson of Marsorhiitrtts (innni.nivn Denies Intimatiig He Opposes Issue. Boston Questioned regarding newspaper reports that he is ol'Dooed to approval of New Haven con- i ertible bonds, (jecrge W. Anderson, newly appointed I member of Massachusetts Public Service Commission, says: "I havo not given the slightest intimation to anybody of c.jtfiosition to New Haven bond issue. It is sheer assume- tion to state that I have determined to cast a negative ote.

Moreover, I am sure no other member has expressed his attitud'1. Such uvowal would be premature, to say the least, when hearings on application have not begun "A conference was held yesterday between members of the commission and Attorney Uobbins of New Haven, regarding date hearings will begin. 'It is probable hear- ings will begin September v. and unless some change is agreed on, dates will be publicly advertised, as usual." PANHANDLE BONDS ALE SOLD, The 000,000 Offering Taken in Five Horns on a Per Cent, Basis. Kuhn.

I.oeb Co and Spcyer Co. announce that tl $7,000,000 Pittsburg, Cincinnati, Chicago St. Louis Pailwa.v Co. 4Vo consoiuia.ea mortgage gold bonds 1 1... MtuHoir mM fifa .1 10t onerea v- s.

JVvr less Vt, or on about a 4'-2r' basis. i SU'lnivay Tunnel Ronto. The Public Service has fixed September 16, as the date for a pubic hearing upon the form of contract for construction of route No. 5n, being a part of the Steinway tunnel rapid tian-it route which extends om the Queers end of the Fteinway tunnel, and extendi to the atation at the Uucensboro Bridge Plaza. i 1 UNPRECEDENTED DEMAND FOR PETROLEUM KEEPS PRICES UP.

PENNSYLVANIA TO SHOW LARGE DECLINE THIS YEAR, AND OTHER FIELDS Ml'ST INCREASE PRODUCTION. So Reduction in Crude Oil Prices Looked For, r', ther Advancts Likely in Some Regions Record High Prices Established at Beginning of Year Have Sot Had Dr. aired Effect, The rise in prices of Kansa; -Oklahoma and Cnddr, of crude 0,1 thc Ps' wp r-m "tracts attention to the condition of the petroleum in this country. Much excitement was prevalert in the oil industry during the early weeks of this year, when practically all grades of crude oil were raised day after day until new high levels were established in manv cases. Al though there have been a few increases in prires, sinco i the beginning of February prices of most grades of crude oil have remained stationary.

Recently, however, ave been several advances in mid-continenc oil price, until Kansas oil is now quoted above $1 a barrel and; Caddo, crude has also advanced five cents a barrel to tl.05 for the lightest grade. Crude oil production of the United States fell off last year, as compared with 1911, when there should have been a large increase hi production to keep ice with the heaviest demand ever known for petroleum products. The total production of crude oil in this country last year amounted to about barrels, agaiiut jO.OCO barrels in 1011. And the decline in production would; have been considerably greater had not California con'r forth with a re-ord output California oil is of a heavy grade, from which only a relatively small proportion of gasoline and other hie.h grade products can be extrae'ed. With the idea of arousing producers to exert renewed (nergics in drilling operations, the purchasing companie" "uae oil prices soon atur tie neginning 01 i.n..

VFar- thp nerca.sed pri.es have failed to 'be "sired effect. In seme regions the output in the 1 f'f showed an increase over the X-81- hul muh flf O'0 niSh Prad'' U-mlory p-oduc "on nas coniinura 10 oecni.e. The Pennsylvania which prndiiee the Huality of petroleum in the I'nitt-d States, may. from pre -ent indications, nut show an output of more than 2 barreh thi year. This would be a falling o'T of barrels from 1S12.

Consequently it ha necessary to Mimulate nroouction in tlie field- whiih n-i duce the nxt grade of petroleum. 'I he llii'vr. lnd.icna. Lima lOhini anil Kentucky produv? the next hirhest quality to Ptrns-v Ivania. but the output of f'-clils is r.i-t sullicicm to take care of the if the rrfnrr vhi they supply.

With build r-; and the ir.creaMng of the output of 'hi present nant. it has ncin necessary to Iock lor a uri ether field: The mid-continert fic'Js seen to have an-werrd the cry fnr increased deniand a uge measure. of these fields this year. estimated, will rcaeli isn. 000 barrels, as compared with 0 Inst or an it.cerase of 12.f0H,oi-n biirrels.

Ard the n-est factor is ihat a higher percentage of Caroline is row tainai'le from mid-continent oil than ever bifoic. It is hardly likely that there will be reduction in crude oi! prices, and indications point to further ad jime regions. It is lmprooaole, now ever, mat 1 enr. grade, will he advanced much higher. the rnt firis hav r.ct resulted in in rease.1 pro- durt'nn ard rarclacrs of crjde oil are turning other 1 graricc.

l'ltOSl'IOC (iOOD IN LONDON. Vmcr 7n-i l.nrgrr I'eniard Europe and .1 n'cfl'! S-orks H'l- 1 E-'pre'ed the of The Financier 1ir.dcn in an eJitc-ial on "Tro nroduetion tms ea' hn far been a ger scale than in 1.V.. lut the uemamj r.as tiecn con-idcaiile reduced by over wor.d'" x.sible Mocks in thp States nave bcM tor.s sinre tie end of It' J. and the uppNe- a-e only eoual foj- or five week's ai tre 'ate. It has he re-remlierej.

hvieor, lhat tnere may be la-ge i ret (stocks in' America, ast xpir.cn. has proved that supplies not included in siatistii-s have been in evister.ce ii the past, and have ha i the effc-t of up'etting the mi-', cn-e'ul cal -u'a! "On the figure- g.vin is amp on 'or the rise whi' has taken ace In ie pn.e i.f 'the mei.il. it only remains to consider wheti.er intrinsic cond--tions are favora'ne o- otherwi-e. Tin -1 may he regarded a- encouraging. Stock, ma' act aie slowing better tendency, and any ii.crea-e In siK-etilative nctivity probably ad to ujojati'-y in ma et.

The monetary pjtion is ino'c now tha teemed probab'e to a liort time ago, and tiie pro're i the autumn den aim wrl prohao present fewer iitt. he a disturbing factor. Traue is live and teems l.kel. to continue so, and tiie demand for eoppc- i.n Kuvope lon'euui-ntiv good. Ii -easunable.

therefoie, to ex pt-t that, for a fair period aheaj. price of copper will be mamtaiiied. Of course, tne case of 'iieculative a commodity, we may have unwarranted ad- ances or iteclmes, nut a tuuan view ot uie situat on pom-s tariv to tne lact tnai i.o per urn is a reasonao irn-; at the present time." I ST KIN WAY Tl NNKl. 11 Regard to the Forty-second Sten tion iiml Operation. I President Mi Ai.iny of the borough of Manhattan heoi a conference with the Public Service Commission in ro gi.rd to the I-'ortv -si coin! street connection of the l.exin-- avonue subway with the present system, and the torn- porniy operation of the Steinway tunnel.

Operation of 'the Pteinwav tunnel was formerly ordeieii by the Public Service Commission, but was held up by tiie Hoard of K--- rimate, pending the reduction of an amount to be added to the cost of the vontract for engineering and ajir.inis- I fat ion expen.ses. The former form of contract authniiwd an additio.i of 10'. for engineering tind administration which Mayor Gayno-- and members of the Board of Estimate considered too high, and ordered a revision. DIVIDENDS CHANG ED. 1 Caiifo nia Railway Power Co.

has ccciait-d the ie quarterly dividend of lc on the prior preference 1 gt0L. pavablo Oct. 10 Hook of record Kept. i .1 The Jlackay Lot. nave reguiar quarlerjy dividends of or.

preferred and 1S on common, fayj- lie Oct. to stock of record Sept. 13. Central leather Co. has declared the icgula- quarterly dividend of l'4'r 011 preferred stock, payable October 1 to stock of record September 10.

1 10 k-ock 01 recura nepivnio-r -w. New York Edison Co. has declared the regular ijuar- terlv dividend of 1. i i 1 are offering A Closed First Mortgage Bond hich will pay you 6 and which is 'protected bv property valued at several times the outstanding binuN. Sinking fund will extingnisli the eutirs issim ln lorc maturity.

Circular on reauest Horn blower Weeks 42 Broadway, New York Boston Chicago Detroit SIMON BORG CO. BANKERS, 20 Nassau Street. New York INVESTMENT SECURITIES ilbl OF SLLKCTLD INVESrAlti.Ml Ai'PLICAnOI Public Utility Bonds To Yitld iJS-. to 6.23". White, Weld Co.

14 Wsll Street Ntw York STOPPANI HOTCHKIN stock Kxotianic. of New Ttrlt ChUstfo Hoard ot Trade oe UKoAim suw ioiik 'lelephone 140 Hector FRACTIONAL LOTS bought Ami told fr Invertore enl r.rrltd on liberal terms. BKA.NCM 'Jt-'i-'I''KS-III 118 Wt 8t. Court til Brooklrn 310 Fjiton Jamaica. OHIO I fis, ST.

PM'L, MINX. O.MAU 6. 1P10 MILW.M'KKi:, LAKK SMOKK VKSTERN 6.. 1921 ATLANTIC 1-: 1P31 KINGS CO. Kl.lA 1 I l.k.HT POWKH STOCK CHRISKTHKn TKNTH ST.

KA1LKOAH STOCK Fater son Co. Ttl 19S5 Rector SO HROtn ST. X. j. Ti ie American A rm DATcti SS l.lherir Vork Fire! aft Rnak lllda- fcle.lt".

Ho.plt.l Mn.tre.l SreraUr ledu.trlal and All (Xtirr fruperilea for Kluaarlaf Porpoae. Expert rsanarl Aalualloa Pkjalml rroperlte. 1'or S.Ho Klizabcth. Plain. Central Jersey Hoboken Land Improvement IB.

W. PEL M.m' e-i Vcrk, srk llrnndt 10-12 nnoniv. t. Milwaukee, Lake Shore Western 1st 6s, 121 LADD WOOD M. "i X-frlrplione "i IIMi.r i.

i v. it? Field, l.ongstrcth Co. rew 1- '-i i oil il fie- I K.l i i l.n. Ihc-v I. ni.

cm unit then iu- Field, Longstreth Richards itin, tuKu.t nun Specialists in U. S. (iovcniment Bond J. A. CLARK COMPANY I I Wall I II I I'HON IIIITn HUM n.

i. I. I III! M.O I1IM, II I III I lion. I Ilept SWARTW0UT APPONZKLLAR 44 I'ine Street HANMIKS New Yorli York Stock i'xehang: I1ST SHORE I- RKC. PKNNSYIA AM CO.

1'. 10JI Pl.OKIA EASTERN CONS. IIARTSIIORNE BATTELLE fro- A Vtlik S'locii ilrtilKH HHI slltl.l I M- IOIIK l'oi'. ns, 1 A1)IJ)I i 1 1 ritme Mire 1 10 l.mrari Sl I lira John II. VVatkins 7 WALL SI KELT Investment Bunds W.

C. LANG LEY CO. 1 Slot Wh I. uiia Nt-v. Vork l.

irfn.o. Ml Ml ll'll, Ittll.ltlMIt AMI llltl'lllt I HDMIS. Cleveland hiectric Illuminating Slock )f Tici-li irss Wtiiiti. il TEFFT COMPANY III I I i'Hom: iu: ioh Potter, Clioate Prentice Mi oiln rs X. V.

llv liiHs-u. HANKERS S3 WALL ST. tVLW VOHK London Copper. London clectiolvtic. All produce are asking ilT'i I I j.Sj.-, All supplies of lie ssemcr copper arc gone.

resteruay iuoivu to nmjn m. nr n-i it i Hostoi, hoston News Kuieau and tut lira 'copper warrant-: at noon were each up 1 Os. sliMiiirl Al ii.in. Salt lake of the Mining Co. s.i pay 10 cents a 'n rc a -In cents a yea-.

Di cxt dividend will he posted and iiaid 011 SejiJeiiibiA' 1j..