davidaulloa/AmericanStories huggingface dataset:
The sun., 1916-10-07
AILR0A NEWS.

Earninrs In the fourth week Of September.
SO lar reported. xhibit n substantial gain in
,ne ra,,o OF increase to gross earnings over
each of the three preceding weeks of the
month.
AUGUST gross earnings so far reported In.
ui,a'i ~ gam OF S3 per cent. over August.
Is,s Ihesc earnings ar" based on reporfs
wmch include about rs per cent. of the mile.
are OF Tie three districts. In considering pre-.
ilnilnary weekly figures for September II will
oe wei 10 note that the combined reports OF
all important roads in September. 1915. showed
an increase Of 5see n mile In gross compared
With september. 1914. hut a decrease Of 1905
crease of i.eoo compared with September.
1917 similar figures for August. 1915. showed
M increase IN gross Tor that month OF i.3co
a mile az compared with August. 1914. but a
decrease OF us a mile as compared with Au.
gust, 1919, and q decrease OF 3 act as compared
With husust. 1912. Similar figures for July.
1910, showed n decrease In gross Of one third
OF lt n mile ae compared with July. 1914.
while Tor june. 1915. there was shown q de.
crease in gross Of two. thirds Of ia a mile az
compared with June. 1914.
The sun., 1916-10-07
msint. equip. $3.50. 77s, inc. I'll, oes transports
tlon s3s2, s23. inc. $40, liz net after taxes A0,'
67i, inc. S24I, 800

msint. equip. $50, 77s, inc. Il LOS; transports
tIcn sss2, s23, inc. 81 .i72 net after taxes A"''
s7i, inc. Sal. 800
PERE MARQUETrE-Repcrts for fourth
week Of September. gross earnings s63l 100, Inc
tI.iI; for month of September, sa,0i7.lNs, Inc
1888 .eO, from July 1. sb,77S,i "A inc. ss37, SIS.
P1TTsBUKG e. LAKE ~ERlE-Rcporis 70
]. {. &. for August gross earnings " so3 go.
inc. So. 2sc maint. equip. t323. I7e, inc. SSse
transportation SAN. si2, Inc. SlSt.03s; net aftei
taxes si,o7s.7is. inc, Ss.'i5. For two months
ended August 81, gross earnings =. 2ss. ts2, inc.
slSs,o9o; maint. way and struct. SSs, sat. inc.
$50. io2 nsint. equip. 1852 2sl, inc. sSi,2ii
Transportation s'ai ,ss, inc. s2S2'osi net after
RICHMOND. FREDERICKSBURG 4 POTO.
Reports TO !. {. { for August. gros.
earnings ses5, 1876, inc. 81, ~? mnint. WAY. and
%stfuct. slI'5s. inc. si,e@o maint. equip s,2.s2'
inc. Sis,0jN transportation s9l. So. inc. si,2Si
not after taxes si0s,Si5. inc. 81. ZIG. For two
months Guided August 81. gross earnings ssg>'
sos, inc. .lit.soS inaiht way and s'ruct' 80
ai5, inc. si,s4s maint. equip. s7s.s3s; inc SIG.
S07 transportation tiS6, 2S2, Inc. 34.lS net
after taxes $780,. 80. inc. s9j,so.
RIo GRANDE sOUTHERN-Gross earnings
in august were si9.7i2. inc. s,ib3; net after
taxes sie. 900, inc. 81. so7 surplus after charges
$3.50, inc. $40. sol. For two months ended Aug
~ eross earnings were s.2ssi Inc. SLOT net
charges fi.2sS, dee. sii, sd.
Reports to I. e. G.. for August
gross earnings ts5l. l7e, Inc. 81, ISL maint. way
rnd struct. sis, y0l. iuc. sS.sjs. maiut. equip.
ssI. 100. dec. sl,l6i transportation Sii2, i5i. inc.
81. SOS net after taxes slOl. 2as. Inc. si. 800. For
two months ended August 81, gross earnings
s6ps,iit, Inc. So, $50. maint. way and Struct.
sat. ~, doe. 81. 56e. main,. equip. 500 $50, inc.
1906 Transportation Sos, Ice, Inc. flS, $50 net
after taxes tle5. NJ. inc. &l.<tO.
WISCONSIN Reports for An
grst. gross earnings si.l6'.V,2, Inc sl91'ioi
months ended Aug. II .grss carn,.Ts were
81. :;?. 77e. inc. s7l.7iS net after taxes S-5.6Is.
inc. sDs ut.
The sun., 1916-10-07

rate OF about 20 per cent. for It's s36,-
600, 900 OF common stock. but although
his would be practically twice a. much
as IL earned last year 1t Is not be-
lieved likely that any dividend distribu-
ton Will be made soon TO the holders.
There have been reports that dividends
would he resumed at an early date and
these reports have had their reflex in
the market position OF the common
stock. but the management has not said
or done anything or even dlytantly in
dica,ed that a resumption Of dividends
In the near future should he looked for.
Furthermore. bearing in mind the chief
reasons stated for the suspension OF div
blends. namely. the size OF the COM
pary's ~fioatinS debt and the necessity OF
putting capital into an expansion of the
company's business. II Is not likely that
dividends will soon be resumed. II the
estimated rate Of earnings his year
there will be a surplus after dividends
on the first preferred and second pre-
ferred stocks Of about $1,000. 900. which
is Just about one-third " the company's
floating debt. and to eliminate this in
deb;edncss NJ this rate would lake mat
ters into lalS The management has
apparently decided 10 follow n most ON
pervativc policy. which might ~ inter
prctcd 20 mean that Dividend viii not
be resumed until " is reason ably GER
tain that the disbursement. once re-
sumed. can ne continued without inter-
ruptton.
The sun., 1916-10-07
uN'oN BAG 4 PAPER CORPORATION.

.3N Rroadva ny, New York, october I'm, 1916
Tho consolidation ~ Tn lnlpu Bdg and
paper 'nmpauN aud Rirsel Bag y Paper
company has been completed and %cerlli-
Gates for the shares ~ the new CORPORA
Iion, known ~ Union Bag 4 Paper cor
poration, are ready for delivery.
ImpIr. Trust tunpanS, 100 broadway.
New York city, Of certificates of the Pre-
frrrcd and Common stocks OF Tho Union
rag and Paper COMPANY. dulA endorsed In
blank for transfer, tn" Empire Trust COM
pany viii Issue certificates Of stock and
fractional scrip ccrfii,hf's Cor stock 81
Union lag a Paper Corporation In tn" pro-
portions rNcd by the conuoliHtion agree
m.nt. namely, s(ll Of one shar" Of Union
nag 4 Paper Corporation Preferred stock
for each shT" ~ Tn" In'nn Sag and
Paper Company Preferred stock, and /. OF
on- share Of luton Bag & rapcr Corpora
ton stock for zach shaE" of The linton bag
and Paper company common stock,
Application IL about To b" made 10 tho
New YorS stock Exchange Tor the listing
Of the stock OF Union Bag & Paper Cor
porstton,
. a. MURRAY. Secretary.
The sun., 1916-10-07
Anaconda Copper.


\ II V. Havrc 10 Grace. Nj -What wa.
Anaconda Copper Mining Comp7ny's pro-
dlc''1r of copper IN 'he last quarter pc
mods by months during 1915, 1914 and
l:lSF what l. your estimate as to how
production during the last quarter Of this
year Will compare with the foregoing pc
RODS
Anaconda's copper production, in
pounds. In the feriots indicated were
october. 1918, 24.40O. 900 1914. 1l.SoO.-
600 1918. 1900. nO0 November, 1915.
:i,4OO,0oo 1?li. l2.7OO, 600 1913. 25.25n-
coo December, 1915. %. 600, 600 1914.
ii.sOo.o0O 1919, .5l00, 600. In view Of
the renewed demand for copper. the largo
orders for export already placed and
the ratio Of production in the second and
third puarter periods Of 1915. which
averaged 29.I00. 900 a month. the three
remaining months ~ VI" current year
will probably he AZ q rate to maintain
II not increase that average
The sun., 1916-10-07
Buffalo General Electric IS.

" e w. Rond"ut, y N-Ar" tho rrs'
mor,Rag" : per cent bonds Of the Runalr
General Electri' Company = good invest
mem in your opinion
buffalo General Electric Company FIRST
refunding mortgage : per cent. bonds OF
la3a are apparently well protected IN
rood equities and earnings and may
therefore be regarded as a f,irl, good
investment, The bonds nr" secured LAY
a mortgage ON al the n'oporty of the
COMPANY. franchises, rtc,, hut they are
subject To t3.Ti9.000 of prior liens. tllrs'
consisting Of $@.3ij.000 first ~ Of 1913!
of the Buffalo General Electric Company
and Sl,3S-i 600 first - of 1872 Of thu
Cataract Power and Conduit Company,
The sun., 1916-10-07

j. V NJ, Brooklyn read with n good
deal Of Interest all the article. having to do
Win trade expansion IN Russia that appear
Ia your paper ana elsewhere. particularly
the part that American capita! IL playing
la II. In connection with this a point Of In
quiry occurs. and I would like TO state It.
II Isn't strictly a question bearing on
finance under the limitations OF your In.
~,estors' Inquiry Department. as | imagine
swcr 1t you would confer = service what
would like to know IL, what action has
Russia taken within the last few years
with regard to corporations In that coun-
try. are they curbed at all In their sctivi.
ties. just rs foreign corporations there have
had restriction put upon them Are there
any laws there asain-, big combinations In
specific trades or co4nmoditios. or II Rus
san industrial and commercial progress
pnlkins in the direction Of big combines
hE' ultimately would seem to invite gov
ornamental regulation?
There has been legislation IN recent
years IN Russia against combinations in
restraint 81 trade. patterned after the
ANTITRUST laws OF the United States and
under these laws II H. not permissible
for one company to hold stock in an
other but there still exists.
and apparently without disposition on
the part ~ tn. Russian Government to
interfere or supervise. what are known
as community Of interest organizations
These latter are not Incorporated COM
panies, however. They are associations
Of individuals with common meeting
places.'and the records Of these ussOcla-
tons so far have not been made The
subject OF governmental inspection. Al
these meetings orders in prOspect from
the government and from private in
tcrests are discussed ami schedules are
made showing the capacities Of the vari-
Gus works. with a view Ia apportioning
these orders in a way best 10 meet en-
listing conditions. Prominent among these
community NJ interest associations are
n combination 81 some thirty steel maxi
ere. a combination ~ n number ~ car
builders and n combination OF locomo-
tive builders. and their respective CEN
trial committees act both as buying and
selling agencie"
The sun., 1916-10-07
REORGANIZATION
REORGANIZATION
international Mercantile Marine Company
international Navigation Company
Notice to B~ondholders

In accordance will the Trno Reupanbaion lated August 1916 the INTERNATIONAL
MERCANTILE MARINE COMPANY hsd delivered to this Committee the ncw bonds Din em-
poay hrn and the cash to which deposfing bondholdus are entitled and the Depoiana Of
the Committee III be prepared on and after Monday October 1915 to- make delivery thereof
upon surrender Of CctGot~o Deposit,
Certificates of deposit of THE NEW YORK TRUST COMPANY and It's ascnt for de.
posts Of Four md Opchaf Per nt Bonds must DO ddkcrdto THE NEW YORK TRUST
COMPANY at Hso tc 20 Broad street New York city
Certificates soil Deposit FIDELITY TRUST COMPANY and Of the FIDELITY TITLE
AND TRUST COMPANY. of pittsburgh. hs agent. for deposits of Five Per Cct Bonds must
he Delivered ndoscih bank to tho FIDEIITY TRUST COMPANY at IT. omr 35 Chot.
nut street Philadelphia, Pa. and Certificates Of Deposit tscd by tho BANKERS TRUST
COMPANY must be delivered cndoredm blank. sad BankGsiT rust Compa at its Office
u Wall street. New York; city
Income TaS Certificates nr respect Of cash payments to he made fol- aCCrued interese
on he bonds. to w.t., eEs % as TO each 81 OOO -Four ant Onc hair Per mi. BOND and
siOss a. to each $1,000 Five Per Cent M must accompany the Certificates o De-.
post when delivered.
BoNDHOLDERS REORGANIZATION COMMITTEE
Otto T. Barnard, Chairman.
The sun., 1916-10-07
MINING NEWS.

ALASKA MINES CORP A carload ~ ms.
chincry has been shipped from San Francisco
for us" IN dredging machines under construction,
AZ N0mc, Plans for new shop to Facilitate
wors II constructing Nv" large drcdgcs are
hrlng completed, Company expects TO have
shop w. operation by spiing
RRApEN COPPER 90 Sept. product ion
2.si0,O0 ins. copper, rompH red with $4,000 in
Anr, e,ISn, 0o IN July, 2,"iS, 0UD In June and
Z, ~. NN In Sept. 1875.
ASPIRATION NEEDLES COPPER coz
Il Rice, formerly engineer Of topper Queen
Copper 90, has been engaged 10 sup.rint.nd
drilling operations, according to Telegram 10
company from John \. Cook. sccy.
MOHAWK MINING CO.-Geo. Drucaer
The sun., 1916-10-07
LONDON MARKET.

LONDON, Oct The now French loan
and British eNchsQuer bonds are absorbing
most ~ tho money supply and dealings on
tho Stock Exchange were restricted to-dny.
The holiday to- morrow had an addi.
tioual a~uietlng enect. Rubber and copper
stocks. japanese bonds and low priced
American securities were about the only
active shares. with coppcrs tho trneSt.
Money and discount rates steady 'onsols
Tor money closed AZ ,sb now "a per cent
war loan at 9SA. Money, - per cent.
Gold premiums al Lisbon, 6l.oO. Discount
rates. short and three months bills. 5ls a
2 a mar cant
The sun., 1916-10-07
FOREIGN ENCuAN.F.

Te cessation Of French war loan purchase.
's"d 4 Sriierin- Of francs during yes'rr.
fr trading. and lire weakened also. Reichs
rSs closed = higher than on the day he.
'"re sterling and other important exchanges
-"0la' ned unchanged and nrm. Traiing in all
r's'fipuons was heavy and colorless
'I the tnlloNinE table,. when the 10.
r'lid sight" or check rat. "a nuo,ed
lmied sinto- currency " IL said 20
.avof tn. country u less ,hau par. hui
'1,' quoted IN foreign tpr-ercy ~ - sad
ri hc against this country II less than
~ For the convenience Of readers such
a'ss are marked r" when in fovo, n,
ID "A when against this country
The sun., 1916-10-07

ELECTIONS AND MEETINGS.


10 OIur-U -. Nov Nnrk Sept 2ls', lNl6
Trio auuual meeting OF the stockholders
~ Via. ,rmptuN viii he held at the o'fc,
~ the COMPANY ut 30 church street, New
York t.f, ON Tuesday, the l7th day Of Oc.
tohcr. 1916. at twelve o'clock noon, for the
puIposr Of c|lroting four DIRECTORS for the
form OF 'hror years, and for the trnnsaC-
iiun OF such other business as may prop
,r,Y C0int hrfur" the meeting. The polls
VII, opcn at twelve o'clock noon ana r.,
main open for one hour
Tho stock transfer books ~ The CompHny
VIII be- rlused from the 18th day ~ sop
t"mhrr. 1918. At three o'clock In the after
noon, until the ISM day ~ October, 1915,
at ten O'clock In tho forenoon.
ny order ~ tho lNard ~ Directors.
" SPENCER ROBERTSON.
secretary.
The sun., 1916-10-07
INDIANA rIPE LINE COMPANY.
pG broadway

New work., september -, 1916.
\ dividend 90 $500 per shar" has been
declared ON the Capita Stock Of THE Com
many, PAYABLE November H., 1916, to stock
holders ~ record At the close Of business
October 20. l'l'
An communications regarding Nm"
or change ~ address should he cent to the
undersigned not iat'r than Novrmher :,
GEORGE CHEsEBRo'. Secretary,
The sun., 1916-10-07

X. II, Nelros". Mnss-cau you conNc-
niently inform me tho amount ~ cGuipmcpt
obligations paid by the So Louis 4 SIN
Francisco receivers last fiscal year?
81. Louis Il san Francisco paid of
during the year ended Tune 30, 1915. n
total OF s2,o9s,N 500 81 equipment trust oh.
legations. including the series of notes
from 80" TO -" n the series "B'
equipment bonds Of the Kansas CITY,
Fort Scott & Memphis Railway, which
inounte 10 SIS 600.
The sun., 1916-10-07
Liverpool Cotton FIgures.

Liverpool. Oct. 6.-Wcekly cotton
statistics Imports $4,000 bales Ameri-
can 1900; stock $50 ,00o. American
<2h. 900, forwarded 10000. American
10000 exports 3.012 total sales ~. 900.
American "a, 900,
The sun., 1916-10-07
Notc-Agriculturai and live stock paper mi
TURTLES " from 81 DAYS to SIX months.
y
Acccrtanres
nays 80 Masvrtt

Authorized rates for bankers e~'eptnnces.
minimum. e, maximum. Rsto- for hills
''nis hank. '3sd5lgT. Rates for I'M. with
r without member hank Endorsement. with
nlatnrities ~ ninety days or less. purchased
nIFn market by. 50. louis hank, eni@.
ps'es for commercial paper purchased In open
''fs"' n" Dailss hank. 3r6S Rates for trade
90 Nisnrcs, with msturitics NJ Ninety DAYS or
purchased IN open market, without mem
F- hank indors.ment. ny New Orleans branch
~ 'lHn'a bank. Slan4T,. Rate Of "a for com
WY paper with msturities 81 from sixty
.snk
The sun., 1916-10-07

T. n W. New Nork-Do Won 'hink II
that United States Rubber Company
win soon resume ~ ymsnt of dividends on
tho Common stock In Nlaw Of the excellent
earnings or the company this year, what
H. your estimate Of this years earnings for
the common stock?
United States Rubber Company. cur.
rcntly, Is estimated to be earning at the
The sun., 1916-10-07

CLEVELAND, oct. 6-Dircctors OF the
Standard Welding Company and the
Perfection Spring Company signed
papers to-day merging The two corpora
tons. subject TO stockholders approval.
This merger may he the nucleus Of u
$4,000. 900 motor parts corporation.
The sun., 1916-10-07
Du,IDE>Ds AND INTEREST.
Ituuom ,AI,Ei RAILROAD GONNA

IfIII.H VALLEY RAILROAD COMPANY
Philadelphia. ;, pi"mh"r 20 lsl'
The Rotru uf pu",tnt- 4 the l.'hisH Val
icy Rti'ruad Company have this DAY declared
u!urt,rly Dividend nf twO and one half
ppr cent tor SI.25 per share on ~ pre-
t"-rsl sturk to- -;n,N holder~ ni rrco't sep
tonhor 20. l9lS AND - quarterly dividend
~ two aud one half per cent Tor Si"S per
.l,rrr) on its common stu,k 10 storkhuldHr-
- record september 30. l2ls; both payable
October 10, 1916.
checks VIII hc matted
& j. EUl.r. Treasurer
The sun., 1916-10-07

ID l. +, LcnoS. Mas -Considered strict.
~ on an investment basis and without refer
rnce to tho conversion privilcgeswhith they
have. what IL the income yield on current
quotations OF southern Pacific Is OF 1929
and Union Pacific Us cf 1872
Southern Pacific 4s az 1872? at SSia.
5.2j per cent. Union Pacific ~ of 1927
AT g4i.. 30 per cent.
The sun., 1916-10-07
sew YORK BANK CLEAni~os.

~ volini" o. business transacted IN or
ihr1u-f Ncw York on Thursday is ind.
.t'"i by the tar that bault c~lesrings reporte Ell
e' r'1y by Tho New York Clearing House
,c'ailcl s'P1.fG ~. These daily figures lack
-uINclu,o unless compared With the daily
evNfr "s ~ 'hr corresponding periods OF
'orm'r wears. New York. tho financial cpn-
.'- rr N""'' uorc Or less accurately business
sH' bu'u,i1' conditions throughou, tnr conn-
~ The comparisons will be found even
more valuable when considered In conuec.
'ri with she summary OF railroad earnings
,yhushcd under Railroad News"
The sun., 1916-10-07

r u NJ. Philadelphia the met
nortcsge : r"r cent. savannah, Florida "
Western divisional bonds NJ m" Atlantic
Coast Line Railway lcGlI in,es'mcnt. for
New York banks9 what j. IN. yield 81
I.os'
Yes. Approximately $50 per cent,
The sun., 1916-10-07
elected a director, succeeding late r. N. Stan.

Ton.
MICHIGAN. MOHAWK. WOLVERINE X
WHITE PINE EXTENSION COPPER Co
Geo. Drucker elected treas. and l.. y. Yandcll
u director, TO succeed late 7. NJ. stanton.
~ COPPER MINES Con-. y. Trust
70. has been designated as depository to re.
ccive deposits of stock from shareholders pend
ing reorganization q. y. District Court Of y.
has set Oct. IL Ms date upon which " VIII
stockholders or sale TO bondholders' protective
committee. made at Salt Lake city. shall be
confirmed
The sun., 1916-10-07
Investment Questions and Answers

This column appears each Monday, Thursday and saturday
Readers may ask as many questions as they ike about investment subjects
bt please do not ask about II half dozen companies in n letter as II adds
unnecessarily to he clerical work OF this office. u not send none, This service
is rec. BE sure to give your address as well as your nan because most inquiries
are answered by mail Nj correspondence is held as confidential
Addre al communications to Financial Editor THE Sun. sc Broad street
NuA nl ru
The sun., 1916-10-07
BALTIMORE N>p ONO EQUIPMENT
1Rl - nE IuI6

The undersigned trustee VIII be prepared
on october 10. 1915, to deliver pefritiyc "a
per cent. Certificates Of Baltimore and ohio
Equipment Trust 81 1915 a. It's office Broad
and Chestnut streets, Philadelphia, on sur
render ~ itf Interim Certificates.
ESchHng" wifi also BE- made ~ the once
Of the Bsltlmor" and Ohio Railroad Com
panN. No . Wall street. New Nork. on amt
after said date. To facilitate exchange,
holders are asked to file their request Tor
New York delivery at shid Office prior to
October :. 1915.
GiRlRp TRUST COMrA>i, Trustee
The sun., 1916-10-07

lcbOi
The Plan ~ Readiustm-rt 81 the debt
Of international Mercantile Marine Com-
panv dated August !. 1915. having been
contaminated. NOTICE is HEREBY
GIvES tina; holders OF Cer,incstes Of De-
post above mentioned on presentation arI
surrender thereof. duly endorsed in black
20 CENTRAL TRUST COMPANY or NEW
YORK. tho Depository under ,a,l ,yr,,-
meni, at It's ONCE. No. 81 wall street. New
York. and upon payment 10 said Depository
for account OF the undersigned Committee.
u the sum Of 81 Tor each share Of stock
represented ty such CertiHcutc OF Dcposit
being the sum fixed and determined 80
the proportion -: tho compensation aud
expenses Of the Committee and ali other
Indebtedness. Obligations and liabilities Il
the Committee 10 lie borne nv such ccrtin-
cate holders. Will Le emitted to receive eu-
graved stock certificates for shares Of Pre-
ferrcd stock ~ iutcrnatloni' Mercantile
Marin Company 90 IN" amount specified IN
the Certificates Of Deposit go surrendered.
Holders surrnnleriug certificates 81 de-
roeit aui dos.-ius stock certificates IN Tao
same name as that borne by tho surren-
lerri cer.lnca'.s ~ I,p>tI. vil no, -
required to pr,vid" transfer tax sttmps. "
sto,k certificate. pr. required IN n diner-
err name. Sc surrendered certificates Of
deposit must bear the transfer ia> stamps
required by the laws of Sew York.
Dated October l.l6
=, y. WALLACE.
Chairman.
HENRY EVANS.
UtRRN B~RONNER,
FREDERICK ". SCOTT.
HtRLE u. >ABI>
tom'uittee.
JOIlNE. LARKIS n ~EtTHRnNE.
DUCKS " ALEXANDER, .
C1uu-f
{ L. slGLER
.-cretary.
~ Wall Strco'. Sew Nor%
The sun., 1916-10-07
silver PRICES,

Average price OF silver in New York in
ocfooer 1918. was <s.3sl7c. an ounce; Oct ober.
~, 20 s5c October. 1919, so79c October
'N.' csc: October. 1911. 2.3ac.
The sun., 1916-10-07
MONEY AND
CALL MONEY,

r,ish. Low. Last. Inc. neWsl..
oIos'f &c." ~ 2'' e sa g..
s., TO !s.. ~ " iSss
pcck ended
vet .. 11iS... ? III .. ~,
N,' Q. t9ii 8
OF - 1att...i 4 3%
TIVE NONEY-N,rkct soft. Money was
rcly offered. sixty days. 5N3.Te. ninety
.rs '.s,T; four months. a. aiseo. 1--WE
-aa'1. 5sui'.SS. sx months. Gha3is%.
Tte range In the week ended October :.
'a'r we from .itf,.Leo Tor sixty days To
for * months: in the week. ended
! .o,cr %, 49,, from C,tss6 for sixty days 10
frr ~ months. ~ the week ended
o. '1N'- 90. 'o'3. from ~, H;oo for sixty day
tt. t.ftc Tor six months.
OMNERCtALP APER-Trading heavy. but
','t. unchanged at S'seo for, prime I TO .
rar'ls hl'a and 3',', for Ordinary good
m.' Latter rate was still largely nom.
.ti Ac,Hrtanc'~ also moved in greater
va, rri'. Rates we've: .t.Ng% for 80 days
..I.. for 50 days. ard 27-Ied2a ale for %
JOS. IU forced bills receivable. II ei,gi bic
Ooh, r"f'srount at Fede-gl Reserve Bank
iur' XII" bis ruled from 5.i6 30 n OF f..
ufgnHr IH reverse order of maturity.
The sun., 1916-10-07
ONCE Of The United Gns Impro, emrni Co

n W. Corner Rroad aud Arch streets.
Philadelphia. Sept. IS, 1916,
The directors have this day declared a
ouarter'v dividend If two per cent. 81 m
per share. pavsh,e oct. II, 1915, 10 stock
holders Of record at the close OF business
sent. 30. 1915. checks vii be mailed.
l. W. MORRIS, Treasurer.
The sun., 1916-10-07

In the following table arc umma ri red re.
ports OF all important American steam rail.
w1ys-companies nov operating n total OF
approximately 3 1908 miles Of road. The
mile average" Is obt alued BY dividing total
earnings by total mileage
TOTAL
The sun., 1916-10-07
REIMBURSEMENT OF
INTERNATIONAL MERCANTILE
MARINE COMPANY.
10 Holders 1 t"r,iii"atrs of Deposit ~
n'i"d states Mortgage 4 Trust tom
IsnN for 'ommo stock, issued under
Deposit .Avrrrmrn: dated Nov. 80. 1851

I,i,,d STATE. v,,,y,yc . 1,,., -,
nan, for ,ommor stock issued nnd.r
uc,,si, >,,,.,,,. data, >,, ., ,o,,,
~. p,., 49,, 80. go. - 49,,
o., I,,r,,,,,,,, v.,.,,,. u,,I,. ,.u
nan, d,,,I ,r,u., ,.rs h.,,,- 49,.
.,r.,,r,,.I >,,Yt.. - urrrpy
AVS 49,. -4. 49,.
, ~ ..
,, ,,t
I>,r.n ,r,,, u,v,,, ru,sr
rnuc, "a. ,
,
VAN .,, ., ,, .,l ~
u''"'', '' ''"'' wv INV ""''''S'F"''
' ""'',''' "' WV ''U' VI " '", '''n sh''r
W ''"'N '''''S' "'' ~ '''''"'' '' :"
'"p"," '''''S '"' sum u>'' ''' ""'''-
''"'" 3" = '"' '''''','' '' ~" '''"''""
ION hh' '>P'nf'' "' '"' "'hnl'''' ana
The sun., 1916-10-07
REIMBURSEMENT OF
INTERNATIONAL MERCANTILE
MARINE COMPANY.

To Holders Of Certificates Of Deposit, of
Central Trust Company 81 New York
for Preferred stock issued under de-
po>it Agreement dated September 81.
1918,