EVENING LEDGER PHILADELPHIA, THURSDAY, DEOExAIBER 2, 1915,
12
FINANCIAL NEWS
STOCKS SOUGHT LOWER LEVELS;
SPECIALTIES LED DOWNWARD TURN
Very Little SupportRumors That Manufacturers of
War Munitions Will Be Taxed One Reason
for Selling Pressure
NfiW VOIUC, Dee. 2.
Selling prrssilro continued at the opening of the. Slock ttxehnnge toilny,
and nearly everything on the list went to lower levels. The wnr specialties
led on the downward turn, nnd some of the losses In Hint group were quite
lnrge, notably In Oencral Motors, which fell 10 points. Support In tho early
hours was almost entirely absent, although It was said by some that there
was considerable buying by large Interests on the scalo down.
Sovcrnl reasons were advanced for the weakness In tho wnr stocks. Tho
bears tried to mnke capital out of the speech of Prank A. Vnndcrllp, president
of tho National City Dank, on account of his Intimation that manufacturers
might find It advisable to get out of tho war supply business, as he pointed
out that, even should tho wnr continue, tho belligerent nations would not
have enough money to pay for supplies.
Humors were current Hint the President's message to Congress would pro-
vldo for tho taxation of wnr munition manufacturing plants and also for an
export tax. It was pointed out that nn export tax cannot be levied under tho
Constitution, but then It was said that this could be gotten nround by an amend
ment. More meat for tho bears on the war stocks were news dispatches from
France and Knglnnd that those countries nro extending themselves as much ns
posslblo In tho manufacture of munitions, so that It will not ho necessary to
spend so much money In tho Cnlted States.
While the market showed some slight Improvement around midday. It
wis very short-lived. There was renewed selling in tho nfternoon, and prl'eo.4
were driven down throughout the list. Demand on tho declines was absent.
As wns the case In the morning, the wnr stocks were the chief leaders on the
down swing. No special news was forthcoming to account for tho weakness.
Losses rnhged from one to four points, while General Motors was an excep
tion, still being down ten points. Late In tho day the market rallied, but the
majority of the list showed losses for tho session.
Tho strength of the copper metal market failed to hold the copper shares
and substantial losses were shown in that group. Production by the Anaconda
Copper Company In November was 2J.40O.O0O pounds, a decrease of C00 000
pounds as compared with October, when tho output was 24,900.000 pounds ti...
September production was 22.SOO.000. ' """' lnt
New York Stock Sales
Lfiit clone. High.
AtMfca Jtineau..i 10) f llli
Alak.t (lolcl M atj 211!
AlllvChslmcrj Mfg.... ai't 32H
Alllj-rhalm Mfg pt, , , . 79M fO
Am Ac Chemical .... 71 7)
AmIlM-tSuc.it , 7oj j 7i
Am Can.,... ni 01
Am Can pf JlO'i HO
Am Cat X Kotmdry. , . f)H N)lj
Am coal rroducu. ...150
Am Cotton Oil 67
Am Hide x t, pf -H
Am Ico Sccurltloj 20'f
Am Unseed 24
Am Unseed pf 41'f
Am kocomotlro 70
Am I-oromotlvo pf....l()-2
Am Malt 10
Am Malt pf 3,5
Am .smelt Iter DSlf
Am Steel Foundry. ... 00)5
160
57
62
S0!f
23H
41
0
HIM It1
iM'f :o'f
:ou 315
78H M
7IM 7IH
mu "03
oo row
ioom iooh
7Mij 70
BANKS REPORT
BUSINESS BOOM
York Bond Sales
Federal Reserve Bulletin Tells
of General Improvement in
Nearly All Branches
According to the Federal rtrserve Bul
letin. Issued today by the board concern
ing District No. 3, business conditions
throughout this district are gradually be
coming better nnd substantial Improve
ment Is belns reported In nearly all l'.nes
Hills and factories of nil kinds nrn work- j
Ing at nearer normal capacity thnn for i
some time. Some concerns have voluntnr- I
lly Increased wages and reduced. working
hours, and. In many cases, payrolls arc
Inrnrr thnn thev hnve ever been. There
Is' a dearth of skilled mechanics nnd labor
generally seems to bo fully empioyeu.
A decided Improvement Is reported In
coal mining, many collieries working to
capacity. Shippers, however, nre con
fronted with a shortage of cars, which Is
Ilkilv to check the oiitnut to some extent.
Crude oil nnd oil refining are operating
nt full time, with a good tlentnna ana in
creasing prices. Considerable, foreign
business Is being done. Agricultural con
ditions nro generally good and the farm
ers have had n prosperous year. Tn somo
sections tho corn crop Is only about CO
per cent, of normal, duo to storms during
the growing season. The apple and crnn
berrv crops nro reported as satisfactory.
The' Depnrtment of Agriculture reports
the average yield of nil crops for this
year to be considerably above tho aver
age yield for the last few years. The
tobacco crop has been good, and It Is
curing nicely. There Is Increased nctlvlty
In the leaf tobacco market, nnd satisfac
tory conditions prevail with regard to
cigar manufacturers.
General retail trade throughout the dis
trict Is Improved, and merchants, antici
pating n brisk holiday nnd winter trade,
are buying freely. Tho textile trades nro
running nt nenrly normal capnclty, knit
ting mills in particular showing much
Improvement. Silk nnd lace mills nro
very busy, nnd four now mills nro being
bulU in eastern Pennsylvania. Many ho
siery mills are doing a cnpnclty business, I
but it Is predicted that Borne will oe com
pelled to close unless a Bupply of dye
stuffs can be obtained or clso white ho
siery becomes tho vogue.
Acceptance Business Extended
WASHINGTON, Dec. 2,-In order to
bring the advantages of tho Federal He
serve Banks closer to the American busi
ness man engaged In tho buying, selling
and shipping of merchandise, the Federal
Rescrvo Board today Issued a new regu
lation extending the scope of the trans
action of Federal Reserve banks In ac
ceptance.. Heretofore Federal Reserve
banks have been restricted to lending
money on notes secured by goods being
either Imported or exported. Today's
regulation permits the Federal Reserve
banks to lend, under prescribed regula
tions, on paper secured by goods shipped
from ono point to another within the
United States.
$!.-. 0
Ik)1()
Mhi
mho
S.MKPO
.'!0lKI
JUKI!
..((HI
KtriM.a l
.1m-..,.. "!:' V "
Admits
:; t OTe,.l..r:..w
Aim Arbor la . ?.
M,l',h ""' sen la...
Alehlmn iv -I in-.
. enison cv Is una.
HlRh. Low. Clorp.
. fU's MM., ssii.
fl-V. Hi'- ItSiJ
1U74 ll7' lll-t!
. (. i;r, (-,
. !U1 Mi, mil
ii.'1'i mm, ion'.
ii iniitw mm
10'XJ lletl, si,,. JO, .'" l"l',i UlU, till
DIVIDENDS DECLARED
Continental Paiaenjter Hallway Comrjany.
rccular semiannual 1-1. payable December 'M
as reltereil November 30.
Calumet & Ilecla. quarterly Its.
Vnlon CarbMe Company, regular quarterly
2. per rent., aynble January 1 to atock of
record December IS
Interstate Hallways Company, regular .eml
annual 3 per cent, on preferred, payable Jan
uary 1, 1UIS. to stockholders of record De
cember 16, 1013.
jJffllMIHilHilllllliilliTfiT
L.EE J ires
IpillHiiliiiiliiillilillllillliililillllllliliiimlliiiiiiiii
m
These tins mark tha
end of road trouble.
Trwy are guaranteed
Puncture-Proof
Blow-outs are also
guarded against, This
ghu LEE tires excep
tionally long lire, Zlg
Zag Tread checks
skidding.
V,i.fll,f-Bf)f
Lee Tire gales Co.
330 N. Broad St.
m i L vTW" H
1...... .. . .1 bin in.
Tli V" '.' Wee Sa
JO"0 LVnt It iisj't' '"
4 IO00 1 1, copprr 7a ' '
fjiiui r.L; :l : a?
niM.ii r. "I.I,M "est
I1UU1 . ..
::?, " J1
.Slln
.llK),
.11l!
.1.-I7H
. SS
. :c
. lor.ii
mil.
iiiii;
llM,
1 1 1'.,
l-i-.j,
STS.
I
lo.v,
7.-i;,
Iisi.
W7l5
lUl",
sp
in is
limli
lllr,
l:t.-iS
IC
?:
Mi.
107'i.
llll-t
74 1 J
a... Iisu
a, . . .s't
fl. . . .11)7!:.
cv 4UM. .lutlZ
,r Nt I, .I II.. ....'
IMi
tiwi.. r.i '.t :"" in....
iO(W JaTlo son 4a tk
II-COU I?rlu conv -la r ii" kw
1:!L'S "i" .M'i i" n...:: &&
ins
Silt
7ll
3
IIST.
...10-'
SJ
"" in rrii r.u
,V !"'" Cvnt rii'ti".
iViL J" CCnt 1 ""
IU iO lim Oopner cv lb
anil'i Inter!. 4 eUlla
J (.fill .,. I. r. ' '
li-oo,. mjer iicr Mar ct'ii! l
,jo ,lo 53
".'. ,,",cr"1 s,m funipfi
"0" Jap new (1 3 411,3 ,
lOU do ncii la
MOO iJcleifo Oaa rfd r,a .
4m l.iB tc il T 7a ...
HMKI Lorillarcl .-
.'.nun lula & Naah 4n '
.ijon aiauliattnn 4
.T..OIIO .Mo Kan .t T 3t 4a..
IIWO do .1 4a. ...
4.ll do 48
0 JIo Vai 4. .......
H'0 do cv in
.r. tlo llf.
.'Ill
711 711
7S 17N
. Ml,
.101
.11' I
.101i
'"?
. ittlj
. 7si
Kii3
7J( Mnnl HAn.. - '
7ri .V & j..r r iiXi-
mi, n- v i'n "n'ko cvt ""
.., ' U lla 1I0T(.
l.n.i, . : .. ,. u, ..,
Ill'
llMi.
. .10l!,
. .101
.lll.V,
. NS.
..nr.il
.. kivS
. . H.1V4
. . ItlM
I'Ta
. . Il.l
. . IKl'i
..KID
..KOTi
..10.VJ
IK)
wr,
KI2 'i
S2
7"i
741,
M'i(,
mi
li'i
101
inn
sen
7S
4f
ii;'1
1COU.
II.-,
Km
ll.'IK,
i n.
x
IK
li-H
inn
101
lO.Vi
.v,;
ii.iv.
K!'i
Wi
Hl-j
Kl
l-'Tt
11.1
wH
100
Kan:
mi
S!J;
M
.'ill
7il
mi
17N
"7'i
H,
!?
lOl'lj,
Kl
7.1
74
llll
KM
101
I Mi),
ll'Ji,
Si
!.?'
114.1..
U.1
IK'U
ll'i'!
lioli,
K!
Hi
l
I'Kt,
nil
ll).Vi
h.v.7
n.ii;
S!i
SI
II.1JS
11.1
inu
Hi lu .
losi; lulk
.10(0 do 4a
oimiiii do 414s
w;; NY City 4a 1D.17.
(HMO do 4i,a llilLI
V" ?14 -:v '...
,... . .-, ,, ii ,;-
.141.00 N Y itwy n1J .-,..
1faiO X Y Tel ken 4 '4a....
IN .Vorf ,t We-t 4a .. .
avioo Nor I'ac prior la
7V. .re fihor' '
lOlif) ac Coaat lat Ss....
14010 J'aclllc Tel f.a
l.voo 1'cnna 4a 11HS
Jirrno do Ken ct 4',4a
7000 Pa en 4!i...
ra'Jt tllhllr. Knr.' J T T.
Ktpro Redding Ktn l,...::" u.1
jw utaumg.Jer Cen 4a... tfl'l
.V)O0 Ilock lalan.1 4a (,.-,(!
.1000 Jtoclt Island rfd 4.... iwl
SUM HIMUtH Olff 8.10O
VW St Loula S iat 4a Htl
1.10UO South nell it tiuiZ
8S00O Houlh I'ac cv 4a MC
(C'Oih) ,io Cv ret f p Sa 1U7
27000 South Tac rfd 4a talis
WKXI Bouth Itwy gen 4.... 71U
7oa Houth Itwy con 5 103!i
nwjo Texan Co (la loh
3000 Tol I'eo & W 4a M
JUM 8 ltealty 5a 75
130OH II B Mteel da loiv?
IMUH Bteel res Aa .lo4
POooo Union I'ac cv 4a nail
1-ouo Un Itwya S r 4a 4.1'J
1IM.I Va n t. 1 1.. ml Zo.'T
o.Tv.,"i"r4.u;,s!iS''5ioii
S8S:RfArV":::::::B! IV"
J!K S!sc?J,oCenV. : en w
60UO Wla O Sup D 4a b3S ba 61)4
NEW YORK CURB
mi
0474
H-1'4
N.lli
li
100
W)ii
1KIJ4
MH
WUS
RT,
71
103
10.1
M
73J.
101
lOI
03IJ
88'i
DO
U.1
tl.11,4
MJ.
ISIti
100
!(', 4
fcli
imw
Mill
loiiS
DO
TI
103H
10.1
.IN
7.1i
loii;
104
11311
4.1V1
iialC
Am Zinc ,
llraden Copper
llrlluih-Amertcan Tobacco,
Ilrltlah-Amerlcan Tobacco.
Cwr l.ltht ,,,
OoldHeld Consolidated ....
Iler.de MfK
International Marino
International Marine pref
Kcnqecott Coprer
lhlgh Valley Coal Salea.
Marconi ,,,.........
Magma Copper ,,,
Max Munlt ,
auuvaie ,,,.,.,,
Nlplulns
Otla Elevator ....
title Elevator pref
l'enn Mar Ord . . .
lltker-IIegemaa
old
new.,.
Bid,
. us
13';
so
53 '
hi)
lit
74
7l
02
S3i
Aiked.
1U
m
Iltker-IIegemaa .....,,., ;,,, 5f
Sterling Oura .......,,.,,, i-il
Submarine . , 1;1g
T.lurrn Prndtiela 91
Tobacco Product
United I'rodt Hharlncr, new
Woild Film
Yukon Cold ,,.
.,
31
2
;p
l!i
01
V
73
04
(12
a$
a
i"j
DANK CLEARINGS
Dank clearing today compared with corre
sponding day laat to yeara:
lot. lU. 1013.
Pbll. I4J.4M.O.W f2S,(art,llS 128.2U1.200
Iloaton 47.513.122 25.232.R12 aSfill
Nw Yoik...W.'.O.V).4.'l7 SIS.OlC.eSO S30 2U.l'uM
fit. Loula ... 17.G73.1W4 13, 822,437 15 SluilU
RATES FOR MONEY
Ttie followlnr rate for money are quoted to
broker acd are not neceaaaiily the rate for
otber loan:
Call. Time.
New Yoia 162 21463
Philadelphia agsi Se
Iloaton 3 3ii64
CMr.iso 3A9t , iju
Commercial paper, three to lx month. Phil.
taelphU, sVjBI per cent. rau
NEW YORK COFFEE MARKET
NEW YOKJC. Dec. 2. The coffee market In
the early feaalon .today dlaplayed a atcadlcr
tone. At tha opening May contract advanced
1 point, while other decllneC 2 or 3 point.
Trading a lea active. Price follow: """
Today' Yeaterdar!
epenlnrf. . cloae.
December 'amjjaoi
January II ua yd. (VI
i'ebruary a.04eauiL
March, &u.i;7
At.rU ftgjjfl.70
May U.S3fi&7S a.iuiiU.72
June, v--l-- .1Mtt.U
July .. 0.73&89 (t.soiiu.82
AuiUit ........ ...... .. HgjftilM atHMUsT
tatttr ................ 0.iU.W ,M
Am Sucar Koflnlns
Am Tel Tcl
Am Tobacco
Am Woolen
Am Woolen If f...
Am Woolen pf tr r.
Anaconda l.'oppet.
Associated Oil
Alch T H SK ,
Atch TASK of..
IlaMnln I.oco
llaMnlii Ixwopf
llalllmori! . Ohio....
Ilalllmoro It Ohio pf.
Haloplla? Mining
llrooklj-n flap Tr. ....
Hmwn "hoc pf
Huff It .s I'llli pf...
f turns llrotheM
Ilulto ft Superior
t'al I'clroleiim
C'al I'clroleiim pf
Canadian Pacific
Cent i-oalher Co. ..
147 14SJ4
C7 fi7
son mn
20 i'O
2iH atU
4(1' 40H
0i OiH
iojh laiit 102).
nu lou iiu
now as wH
BHU 117), D7M
r,2 m ntti
.110 110U 11H USH
...l'JSJJ 12S3J 128! I28JI
...1!17 21(1 214 214
... BOH VMi 491 4U)i
... no inU 4SK 49
... 7H Il7'-i 07H 071 i
...,87, H7H Ko ")
... fiSW CI) f7 A7
...lfKm lOrtW 10.Vi 10.5(
...101!. 101!. Wm 101H
...113U ll.' ltw' lH'Jjj
11 Ill's lllli nut
:l!i lH IKI'J
78 "'H 7H
m an I'M
8! h0!4 SP!j
!l.-i !).") I)i
lo'jl, mo;. iooJi
81 80 80
71' 70H 704
2(lll' 2.) 2."i)
fl f.l'S f)3
.1RT 1K1W 1S2U 1S2I
m( OT.'i 6! tIS
FOREIGN EXCHANGE
Kterllng
Cnlilea
Demand
Krnnc
Cnlilea
Ilcmnnil. .,
.Mnrka
f'nlilra
Demnml.n
tut
t tttt
Todny.
4.71
4.704
.(
ft. I
10',,
Yea.
Clone.
4.7ty,
4.71
.1.80
A.8I
70 K
Sates in Philadelphia
BRITAIN SENDS
LITTLE CASH TO
AID FRENCH LOAN
Subscription Estimated by
an Expert to Be About
$100,000,000
400 All-CMI ,
M Am Oaa ,
M Am Htndt
nn iiurf a a
7il do pref
loo nit o
J a llrlll
2S2H1 Cam Steel
21X1 Col Fuel . .
2S Con Ttac N
fill CittitAlaM 2d
320 Klec Btor . .
1(H) Krle .,.,....
S Ina Co N A
4IS I.k Sup Corp
afl IrfdilKh 2s"v..
in UhUh Vnl
lno i.e Vnl Tr
Im, clone. HUh. Ixiw. Cloie
,l,Tit :vi'i iiivj .i'n
noy, i2in
2.1
t c. 2.m
.... M'.i
pref D7
.... 74
t
J. 74
pf ..
.. !4
. . 4.11.5
.. 24?(
.. IMIlO
.. TP'i
.. SI4
IH'(
K-.-H
117
75U
4H
-2
KS
(VSJi
24 J,
-"(
7H4
Ml i
llll.
f.nji
UPS
PS-Mi
r,'i4
MS
n;
72K
411
2
ta
(17
42J4
J"'
7I
w!4
IS'4
I2Ui
l!4
785 j
2M
80 J j
Oi
8-i
71!.
2(HS
'5
Cent Lealher Co pf...ll())( 110,'i 110)4 llOX
Chesape.iko X Ohio
Chllo Copper
Chlno Copper
ClilraRo (ireat West..
Chi (It Wcstpf
Chi Mil A St !
Chi M A St I' pf . . . .
Chi X Northwest ....
Chi X Northwest pf. .
Chi It I . I'ac
Cluett IV.i X Co. .....
Colorado Kuel X I...
Col ASoUil pf
Computing Tuh Itcc. .
Continental Can
Continental Can pf. . .
Conxillriiitttl (las
Corn Products Hef. ..
Corn I'roil Itcf pf. .. .
Crucible. Slcel
Crucible Steel pf
Cuhan-Am Huear
Cuban-Am Suear pf. .
Deere & Co pf
Delaware A Hudson. .
Den X Itlo (ir pf
Detroit Lnltcd lly...
Diamond Match
Distillers Sec
Dome Mines
Kila
Krlo 1st pf
Fed Mln & Sm pf. ...
deneral Klectrlc
(icneral Motors
(iencral Motors pf
(ioodrlch II !' Co
Great Northern pf
Gt N cfs for ore prop.
(irecno Cananea
Ciuscenhelm 1'ipl'n...
Illinois Central
Int Acrlculttirat
Int Harv N J
Int Harv Corp
Inter Con Corp
Inter Can Cor pf
Int Paper
Int Nickel
Inspiration Copper...
Int M M pf cfdp
Kan City Southern
Kan City Co pf ,
Lack Steel
I.ehlch Valley
Mecca A Myers
Louis A Nash
May Dept Stores 0IH
May Dept Stores pf. .101
Kl
2.V
Kli
l.'i)i
HO
1M
111
74
ft)
40
44
. HVi
.108
.141)14
. 18J
. t-8
. 7Mi
111
.iro
.ion
. 07
.152
. 28(,
. 00
.lilt
. 4fl'5
. 28),
. 4a i
. m
. r,'2
17AU
.470
.iiai
Ii2! (
2..SS
r:i
14
:iS'4
113
l.Wi
1IDJ
7.T4
48U
50
1214
80
(k)'i
2.i '
rati
15
ni'i
1.W4 l.Tl'4
1.11)4 1.12)4 M2U
lTOJa 170 170
19)4
74
;o
50
42! i
8J'4
1(H)4
llll'i
HH
87)4
7.1'(
UV.i 111
lfi.- 150
100!,'
0(1
152
28'j
no
114
47
28' i
mi
58
5014
174)4 173
405 400
HI 114
02'
WW
53! i
15
E8'4
03
13.T4
132!,'
170
im
734
48' i
50
42J4
M)
EXCHANGE IS STRONG
10S54 HHJ4
143 143
18)1 18U
87t .'7)4
70)4 72)4
111
102
l()(l!X 10(i!
un on
i.-,i)i i.-.iu
28J4
00
lll!i
45
27)4
42U
57!.'
50H
04 7I!4 70)4
28 i
0SI
Ul'f
40)4
27)4
4254
57!4
50!
17.1" i
403
111
UH
V2tM 12.1)4 1241 125
..lO'J 49
. 45 45
. 77)4 78
.10814 10SN
. 2H4 23)4
109S4 109
. 71 72
. 2P4 21H
. 70'J 70)4
. ll!i" ll!i
183h 183
, 45 44! i
, (ll'f 054
.iur
82! 4
SI
150
31
0314
81)4
210
1S'
45
70!,
10S!4
23
108)1
71
21!;
70
11)4
180
43!f
02U
30)4
0.1)4
Ml'f
i-nsi
24;
4M4
45
7734
10S!J
23
I0SU
72
21)4
70! 4
!1
IcO
14M
05)4
304
03)4
Sllj
)-0)4
I
lly FRANCIS W. HIRST
ndltnr Tlio London Dcnnomlat.
.1icclnt Cable lo the Kventng I.nlptr
LONDON. Dec. 2. Our subscription to
the French wnr lonn la niotlernto. One
RUesd by n city expert hiirkoMs i;2.,000.iW
ii. i tho kuiii, but HiibscrlptloiiH rcinnln
open so Ions thnt nny fnvornble wnr or
pence development may produce a flood
of iiipllcnn(s.
The llnnk of KnRtand, which ban n
monopoly of the llrltlsh portion of the
loan, was not unusually busy yesterday.
People say tho French peasants nro draw
ln freely from their Kolcl nnd sliver
honrds to buy their beloved rentes.
Tho welcome firmness of American ex
chniiRo Is nscrlbed to American purchases
of the French loan, which must yield In
vestors on your side nearly 7 per cent.,
thanks to the doubto exchange premium.
relroRrad cxcIiiiiirp Is not very llrm.
Large funds have been Invested In It with
the money carried over month nftcr
month at about 15 per cent. After the
wnr a Rrcnt outwnrd rush of food ex
port from tho blockaded Continent
should cause a eonslucrnblo downward
movement.
Italian exchange Is also had, hut Itnt
lim writers deny that this Indicates llnan
clnl weakness. Ilallrcad communication,
especially with Genoa, has Improved,
The French loan has depressed stock
markets generally, nnd the llrmncss of
American exchange, together with large
exports of bonds, has lowered your se
curities. All llnnncp now depends upon the
length of thu wnr, but I should caution
your readers against the view that llrlt
lsh peace meetings, whether peaceful or
noisy, will assist toward the promotion
of their piofesBcd object. Attrition und
exhaustion, operating most severely in
Gcrman, but felt universally, nre the
real allies of peace.
127)4 127t4 127)4 127)4
Maxwell Motors,
Mai Motors 1st pf. .
Max Motors 2d pf .
Minn A St lauls. . . ,
Minn A St I. pf
M bt P A S S M...
Mo Kan A Texas. . . .
Mo Kan ATcxpf...
Mexican Petroleum..
Mex Petroleum pf. ..
Miami Copper
Missouri Paclllc
Montana Power
National Ills
Nat Cloak A Suit....
Nat Knamci A S. ...
Nat Lead
Nevada Con Cop...,
N Y Air Drake
N YN H AH
N Y Centnl
N Y O A West
N Y Chi A St L....
Norfolk A Western..,
Northern Pacific
Ontario Silver M....
Pacific Mall
Paclllc Tel A Tel. . .
1'enn 11 It. .
73
. 09 'i
. 55
.. 15'f
. . 35
.123
. 7)4
. 10'f
. 12'f
. 87
.. 31
.. mi
.. 70
. 120U
.. 8U4
28)4
. 05
.. 10U
IH'i
101
73
09'f
54)4
15! 4
31)4
no
101
71U
0814
52'i
15)4
31
00
101
72
OSMi
rau
r!4
344
122)4 122)4 122)4
7
10)4
0214
80
i.1'4
U
71
lfitf
fow
so
f.T.'
r,H
70
12.5
80
27)4
0414
10!4
131)4 134)4
74 74!i
1014 101)4
29)4 20! 4
43)4 4314
.11714 11714 110U llfi!,'
.llliU' 110 115)4 115)4
. 0)4 (1); 0)1 0J4
. ,11! 4 ai 33 33
. 42! 42)4 42!f 42!X
59K 51)4 59)4 59)4
80
28W
05
10'X
.. 30)4 137
.. 75)4 7o)f
..101!.' 102U
.. 29)4 30
43 43!4
7
1014
91 'J
SO
::in
5JJ
70
125
80
27H
10J4
People's GasCbl 117!4 117J4 117J4 11714
Philadelphia Co 44 43M 43 43'f
Plttsbursh Coal .'1514 34J4 33)4 33M
llttsburgh Coal pf 108)4 10954 109J4 1094
Pitts Steel pf 102)4 101)4 101)4 10D4
Pressed Steel Car 04)4 05)4 03 03
Pullman Co 10814 107H 167 107
Hay Con Coppor 25)4 25)4 25)4 25)4
ny Steel Spring 45 UH 44U 44i
Iteadtns ti ma b0), 80)4
I54 48)4 49
109V4 100)4 109)4
ItfD Iron A Steel 0)4
Itep Iron A Steel pf. ..110
llock Island Co J4
llock Island Co pf.... 1
ItumelyMCo 3!f
Itumely M Co pf 7H
StLouUAHF 5)4
St L Southwest pf 44
Seaboard Air Line. .... 19
Seaboard Alt L pf 41
Sloss-Shcf S A I Co. .. 00)4
So Porto R Sugar 155)4 150
Southern Paclllc 10 101
Southern lly 23!X
Standard Milling 85
Standard Milling pf..., 84
Studehakcr Co 152)4
Studebaker Co pf .113
Tenn Copper.,., .
Texas Co
Texas A Pacific'.,
Third Avenue.,...
Tobacco Products pf.
Twin City Itap Tr, .
J4
W
3)4
7)4
5)4
45
18!,'
40)4
61)4
23H
83
84
94
).
.1
7)4
5!t
45
18)4
40)4
00)4
155
Union Bag A Paper.-
Union 11 A Ppl...
Union Paclllc
Union Paclllc pf. ,,
Unl Cigar Stores. ,
Unt Cigar Stores pf
.... UM
.. .208
.... 15)4
02
.102
07
i
H
3
7)4
5
45
18)4
40)4
CO
154
100)4 100)4
23 23
S3 83
.81 81
152)4 14S 149)4
112M 112)4 112)4
57)4 55)4 50)4
210 200 207
15)4 14U ll!4
01)4 01)4
102 102
07 07
7J4 7)4
:0)i 20)4
oi)4
102
07
7J4 7J4
20 29)4
..138)4 138)4 13634 137
,, 83)4 83H 83)4 83)4
,, U'i UU
12 11)4
Unl Cigar Mfrs pf..,., 100 10)
UolFlult ..,,..,,159)4 157
U 8 Ind Alcohol 120)4 122
U S Cast IP A V.... 25)4 25),'
U SO IP A F pf.,.. 53H 50
Unl llyInesi.. ...... 22 21)4
Unl KjrIuT pf 40 39)4
U S Realty & Imp.,.. 41)4 41H
U S Rubber. 65)4 55)4
U is Rubber lit pf.... 107J4 107)4 107)4 107S
US Steel.... ,80)4 80)4 b4H 85
USSteelpf 116)4 115)4 115)4 115)4
u o cipnas ton ij;, -ion lo).
utan topper. van
Va-Caro Chem , 4U!
Wabaibvl 16)4
Wbajli4 A l 48H
0)4
1H4
10'J
153
110
24
50
21)4
3J
41)4
64)4
0)4
11)4
100
15 1
117)4
25
50
21)4
39
41)4
04).
78H
46M
16
46)
204
132
b8)4
32)4
08
5
77)4
46H
15)4
45!i
'8h
131
07)4
32
MM
5
V7H
45H
154
45!i
i-8)
132
U7J4
32
87J4
6
230
Wabash pi Uwl 20)4
Wells Fargo Exp 131
WestE AM U8H
West Maryland 32)4
W UTel 88
Wbeel ALaka Erla.,.. 5
Will Orerland 240 230J4 230
WUIyn OrerUnd pr...,U3 113H 113)4 113)4
WooUwtttFW Co.. .114 114H 114 U41,
Total aale. UOt.900 hare, compared ultb
470O hart yeaterdari thu far thl week,
t.ttl.tOO tharc.
HEW YORK BUTTER AND EGGS
NEW TOKK. oDec. "t-DUTTEU.-Market
firm; receipt. 76M package: extra, Sliiuwc.:
JUtr tcorlsx. S5ttS0c.; Bute dairy, 31U
82c.: Imlutlou creamery, iat21c.
EGUa. -Market ateady. rtielptj. DOS Mu
ac: eitm nrata. 8iiii88c.i BrU. S3SaMci
rttrltcrator xuita, Cta3s., nearby
WHEAT ADVANCED
THREE CENTS
Wide Gains in Corn and Oats.
Canada's Action and Em
bargoes the Cause
CHICAGO, Dec. 2. Further strcnKth
was shown In tho wheat market today
with sentiment (icnerally bullish. Ex
porters were apparently btiylni; the De
cember position at Winnipeg to replace
loans of cash wlicnt to the Canadian Clov
crnmeut, and this had 11 tendency to
strengthen the cash position irenernlly.
Wheat advanced 3 cents in nil, while
corn and oats olso hardened sharply.
Canada's action and the Eastern railway
.emharpoes were factors In the rise.
Export sales In the last 21 hours wero
estimated at 200,000 bushels. The receipts
nt Minneapolis and Duluth today w-;ro 912
cars oKalnst 16.' cars last year; at Winni
peg, 1C61 cars against 275 cars; nt Chl
c.iKO. ST, cars nK.ilnst 195 cars.
While trndlnK In wheat at Liverpool
was dull, the tone there wns linn, helped
by tho strcnKth of prices on this side
yesterday and ilearncss of tho winter
offers, for which there was u (food de
mand. The slow accumulation of sup
plies In the I'nlteil States nnd the ever
Increasing cost of tonnage nddedto the
nervousness of Importers throughout the
1'nlted Kingdom. South Australia com
plained of excccslve rain and crop esti
mates In that district were reduced. The
overland movement from tho llalkan
States continued heavy and Greece Is re
ceiving supplies from Ilulgarla and Ru
mania. A leading firm estimated the amount of
winter wheat harvested this season at
501,000,000 bushels, of which 75 per cent,
is tit for milling purposes, leaving avail
able 446,000,000 bushels, against the Gov
ernment's estimate of 6S5,00O,0OO bushe'ls.
It put tho spring wheat yield at 303.000,000
bushels, against 315,000,000 bushels by tho
Government.
In the Northwest farmers aro Inclined
to deliver freely. Stocks of wheat In
country elevators there are fairly largo
and good receipts Hre now looked for nt
Minneapolis. Corn sola Into new high
ground, with shortB good buyers. Offer
ings wero easily taken; oats also wero
utiong.
Lendlnff future ranted a follow:
v.t.i.
December .. 1.00J1 I.lnrti
May M)K 1.12);
L-orn 'new uruvcryj
Lo w.
l.miu
1.00
Clour.
l.OUSi
Lli!).
clo.e.
l.OJli
December
May ....
Oat
December
May ....
Laid
.January
Mar ....
Itlbj
January May ....
Pork-December
January
31
lay
"-1)4
. . 10
., 0.M
.. 0.TS
... o.
,. U.fQ
. .in. os
..17.03
, ..1S.00
id. tAUed.
T?i
71
44
4i;
0.02
u.uo
0.77
U.03
ian7
1S.23
1S.20
' li'Ji S' w
euft
4;h
70 t
41H
2
D..VS
.72
o.n.t
O.H2
o.ro
U.Wi
D.7.1
U.bO
ln.0.1 K1..1T
17.U3 tl".',3
18.00 18.30
42V1
41)J
t0.4SH
KO
n.no
0.77
ia.no
I7.S0
17.T7
MINING STOCK QUOTATIONS
TONOl'AH 6TOCKS.
.. .. . I"3' Akel.
Jim Ilutler ...1.02 j.ort
MacNaniara ,....,,... .(4 ,imi
Midway ,,,.., ,. .11 jii
Mlzpuh Kxten.lon ,,,..,, ,. ,'.' tn
Montana ,,, ...,......,,,,. ,:a '17
North Star ,... , .18 ,m
Tonopah IWmoiit ., ,,,,,, 44 4'i,
Tonopali Kxtenalon ,,,, ,, 4 r
Tonoih Mericer ................. .00 .M
Tonoian Minim ,.,.., 7 ;u
Ileacue KUa ................... ,ffl .in
Weat Knd .... ....1,. ......... . ,83 .81
GOLDKIELD STOCKS.
Atlanta ,....,.....,, , SI
Uluu Hull ....,..,,.. 04
Itooih ,..,..,..,.,,. ,40
HulldoK .,.,,,... ,,,.., .0.1
V O I).... v .04
Combination Kraitlon ,.,,,..,,.,, ,07
Dtamoadileld U II ...,...,.,., ,01
Diliy ,,...,,. ,04
Florence ...,, .3S
Coldllo'.l ConiolHated 1',.
GoMfteblftWrrcr is
Jumbo Extenflon , ,....1.22
,2.1
'.CO
.41
.14
.0(1
Ma
,0)1
.ml
..is
IVl
.10
.2I
Keuunav ,.2.1 ,?i
Oro .Ort .01
Baud Km O.S .10
Silver Pick 08 ,10
MISCKUANEOL'S.
Valry Atee 01 .on
KlmLerly .112 .04
Nevada lllli la 22
Nevxda Wonder 1.83 j.do
Grain Elevators Busy
BUFFAIX), Dec. t-Up to November
30 local elevators handled 1(1.491,000 bush
els of grain, surpassing all former years
by about 4,000,000 bushels. It was esti
mated today. It Is now believed the ele
vators will handle SOO.OOO.OW bushels, ln
cludlng storage cargoes, this season.
DAR SILYER
NKW YOni:. Dec. 2. Th. nrl.. r
UtflOci I raereUI trHvr today u SJVi cent, with
browojt j Mralcau djllw t 4294 ceoti. la tondon the
1(1 l'onna Steel ... C3
M I'hlla t 4l'4
10 1I0 cum pref., 4.1
Ms Phil Electric. 27Ji
1678 I' It T t c 1S
23 I'hlla True .... 70
tot ltrndlnir 8l?i
.10 Po ItallH-ny ,, .,
r,n do . .. .
4IWO Ton Ilfl 4I',
120 Ton .Mln IW
10 tllith Copper
2.-,.1 tinlon True .... 4ni
128 IM1 I M(
778.1 I) H Steel SU
20 War Ir and Ht.. in'j
23 Vork Itwya .... n
83 do r'd 3-1.,
100 West N V W I'll 114
1IONDS.
I.at prev
iale. I
4XI flelliFUerl lN....tl'it,
Hi Cnmntl rlp Mil 7
lonn Con Tr N J ,1s. I W.
1tKI flty 4 11141.... I02H
PiKO I'll aen 44s Hmi,
ii(i(i runs i;icc i... m
.icon do .k tn.l
ttnot KmuIImk aen 4. tC.
laro Vu Power X It Si
.(Km I'm Hys t e It,. 71
l(Xi I'n llv Inv 3i... 71
r.i'0H W NVfcP Ken 4 82
000 Wclaliach I'o n. Ill
41
13
184
TO
81
23U
a
7'
43V,
81.
Ml
'Sjt
M1i
10
54V4
I'HS
7
74
40
72
fi'l
7!i
42U
a4i
n't
Til
MiH
r.-.i
.. l.'i
OE2 I'enna Itallroad. r.n'4 r.ti'i m re;;.
1 I'enna Fnlt Mfs. ni'a ";," 'iflit VIP
steet ... ii.. '.! ' " '.';
43i;
1.1
27H
18(
70
8o',4
2.T.1
(i.1
A
4'' .
8sy.
A
10
4.14
4i(
.s?
7!)
NIK.
2.V,
ti.1
41
in,
T7-y.
43
8si;
81 i
tnl,
ink
a.i'J
10
Huh. !.ow. Clone.
llini, iiii'i 11
in
112
lOJ'i
GENERAL GRAIN EMBARGO FORECAST?
SPECIAL COMMITTEE APP0IN'r
Action of Pennsylvania, B. and 0. and Lackawanna Hal
Congested Utner iuascern juines L-ocai Market
Depressed, With Storage Battery a Weak Spot
118
l()2
10214
1(13
11.1
PO14
i'i
0.1
limSi,
HHJ,
HOli,
74
8 1 14
11,1
ns
102
IIKIfc
Wot
81
103
113
Pi )' 4
74
81(4
03
Local Bid and Asked
Unit A Bus I c
do pf d
IlHldnln
In pM
Cam Htecl
Klec StnriiRo ,
tien 'Aniilialt
In l'f.1
KcMniiu Tel
ilt t r
! i.M ,
Lake Hun t'orp ,
Uliitll NHVlKatlnn
l.rhleh Viillry
LMiIrIi Vnllry 1Y
In I'rcf
Prnnvylviinln .
I'IiIIh Kloctrlc
I'hlln Co
do .". per cent. pref..
ilo 11 per rent prrf.. .
I'hlln imp Trim
dn t e
Uin.lln.T
TnnopHli Itflmnnt ....
Tonopah Mining
I'nlnn Trac
f (I I
tr S Steel
Vnrk Itwy
.lo nfil
Wm Cramp t c
Today Ycitcnlny
Til. I Avkcd Hid Aeke.l
Sm 23 2.-.V4 S.M,
r,4'J 3.1 Kl 53 ,
llOVi 111 11.1 HI' J
.. .. 112 113
7IH 7i 4V, 7I'.4
117'i IIS4 CH (ill
.'1.11.4 't'lH .'1314 "'I
7.1 7!iv, 7.1 7.1'i
14 141 14 I41i
14 1114 14 1P.
fill 117 iai (17
"14 OJi H ."!
T8; Tii 7n TnC
80li Nil, M 81(4
15 1SU 18t-i HI
:m :is4 "Ji 's!i
5!J'i :':'.' -'.A'' il5'
4.'l4 41 41(4 43't,
an :i7 :m :7
4211 4:i 42', 4:1,
mV, is m7 11S
m is- is'4 inv
8OJ4 MIV, 81 8lt,
'J 44 4')f 4U
44H 43 41t, 431,
8S M 8M1 NI
.HI'S; si'; Mi'; 8iiv,
ii n4 11 '
xi am am ::4
ta 83 M 83
Financial Briefs
With tho cnlarsomcnts In open henrth
steel capacity now under wny In tin1
l'lttsbtirKh district, approximately Klftt
Ioiih dully will be added to the output
In the district before Bprliip. Tho in
creased plR Iron production which Ih
nlfo plnnned Is one ot tho most Inter
rstlui' features of the district, for It In
volves a scattcrlni' movement for blast
furnnco building, headed by the Itcpubllc
Iron nnd Steel Company, at YouiiRstown,
nnd followed by other valley steel com
panies, nnd tho rehabilitation of old mer
chant stacks that havo been Idle for
several years.
.1. N. Wntlncc has resinned ns n di
rector of the Third Avenue Itnilway.
Another new low record was mado by
Oermnu marks today. The opening iUO
tatlons wns TO'.i for demand and 73 5-lfi
for cables.
The New York banks gained from the
Subtrcnsury yesterday SI, 48.1,000 nnd since
Inst Krldny 5.0K,000.
Time for the deposit of the International
Mcrcantllo Mnrlne preferred stock has
been extended by the Wallace Committee
to January 3. There has been deposited
thus far approximately 3.11,000 shares, or
over CO per cent, of the outstanding stock.
The Haldwin Iyjcomotlvo Works has
received tho following orders: Three Mi
kado typo for Duluth nnd Iron limine
Ttailroad; two Mallet typo for Duluth.
Mlssabo and Northern Itnilway; six 2-10-2
type for Duluth, Mlssnbo nnd Northern
Itailway, and ono six-wheeled switcher
for Carnegie Steel Company.
KxportB of copper from the Atlantic
ports for the month of November totaled
19,306 tons, ns against :i,W0 tons In No
vember Inst year.
MIDVALE UUYS CUBAN IKON
for
Company Has Arranged Deal
300,000,000 Tona
It became known today that the Mld
vnle Steel nnd Ordinance Compnny had
completed arrangements for the purchase
of SOO.OOO.O'O tons of Iron ore.
The metal contains five per cent, of
nickel nnd the mines aro situated In Cuba.
COTTON
NBW YORK, Dec. 2.-Cotton was
firmer this morning, with prices up 6 to 7
points at tho outset or about In line with
the market nt Liverpool. Wnll street nnd
commission houses bought, whllo tho sell
ing came from scattered sources and
was not of uny Importance,
After the callthe demand continued
good and thero were further ealns of 2
to 3 points. Business was fair.
Yea. Cloae. Open. High. I.ow. Close.
January .... 12.42 12.43 12.4K 12.110 12..-.1
December ... 12.:l 12.:tri 12..1T 12.20 U'.ki
March 12.72 12.78 12.70 12.m 12.IW
May 12.H2 12.0H 12.0S 12.78 12.WI
Julv l".IKI 1.1.03 11.07 127 12.87
October 12.03 12.C0 12,07 12.BI 12.32
Liverpool Cotton
LIVEnroOL, Dec." 2 (2 p. in.).-Salra. 10.000;
American. MaXi; fulurea quiet; January. Febru
ary. T.SM.: Kcliruary.March. 7.32d.: JUrch.
April. 7,an..: April. May. T.28Hd.; Mjy.Jqnc.
7,27tjl.; July-Auaunt. T.Amd.
The close follows; January and Feb.
ruary, 7.28d,; March and April. 7.24Wd.r
May and June, 7.21i4d.i July and August,
7.15d.; October and November, 6.$2d.
French Gold Holdings Larger
TA1UH, Dec. 2. An Increase of (2.400.000
francs In gold was reported by the Bank
of France for the week Just passed. The
following aro the principal Ittma In the
statement;
(Francs)
December 1.
4.SI7..'ilc).llil
:i:j;.iaKi,fa
H.'."..I.Pfll,fH)
s.coo,ioo,ooo
Gold ............
Bllver .. .,
circulation
Deposits
111114 iiucountrd &
cxtertded till,...
Treasury deposits.
Advances ........
(tranc)
November &.
4.)vl.1.1(I.O'0
.'U11..VIO.OIII
14.278,4110.000
2,071,100.001
2.18.1,100.000 .
.101, MW. OOO
s7S.40O,(l00
Mli.1.800.010
42.800.000
W7.OO,!V0
Tax Fr in Pennsylvania
Penna. R. R. Cons. 4lA&
I1UK Aid. I, 100O
Particulars nn Application.
A, B. LEACH & CO.
115 South Fourth Street
DIHECTOKY OF ACCOUNTANTS
Certified 1'ublle Aceountaats
LAWltKNCU E. UROWN It Ca
M HEAL. ESTATS TUU8T UUILDIKQ.
OUItNS SPEAKMAN
Tbe Bourse.
PABTOEHSHIa
ipjS WK HAVB THIS li.X AUMITXKO
f Frederick T. t'liaudlcr, Jr., as a. tea
era! partner lo our flnn.
' CUANDLEIt BI10S. & CO.
H became known In financial circles to
day thnt the embargoes recently declared
on certain forms of freight by somo of tho
hlg enRtein roads under the lend Ot the
tlnltlmore nnd Ohio nnd I'cnnsylvnnla sys
tems would probably have to be extended
to all lines tunning Into New York and
other eastern seaboard cities. At n meet
ing ot rnllrond presidents yesterday a
committee representing the carriers was
appointed to nssemblc dally nnd decide
upon concerted nctlon. This commltb-o
will endeavor In every wny possible to
avoid n general embargo, but stlch a re
sult mav bo forced upon the carriers If
the height movement continues In excess
of the capacity of the Btcnmahln Hnc.
The Pcimsvlvanln. Haltlmorc hud Ohio,
nnd I.nckawimnn In placing embntgoes on
certain classes of freights have tlrown
such n heavy tonnage of merchandise
upon other roads thnt somn sort of con
certed action Is Imperative Instead of In
dividual movements us heretofore.
It Is understood that tho Interstnto
Commcrrc Commission has mado no ob
jection to these plans, in view of tho ex
traordinary situation, but that no tils
crlmlmtloii will bn tolerated. The Penn
sylvania cmlwtiiw on grain nt this port
went Into effect last night, nnd local
grain dealers asserted that between the
time the embargo wns announced nnd the
time It became tffecllve the Western
wheat growers consigned ns much grain
ns possible from Ihelr landing points, so
thut Immediate relief of tho congestion
was not likely. Enormous amounts' nro
en routo for this point. Phllndtlphla has
bc( 11 fairly fortunate os to shipping facil
ities thus far. In November, 30 steamers
loaded U'llh nrnln cleared from lh., j
t csicrany ouu,wu uusuils wero ecnt V
Tho Pennsylvania-,, llU,, tnr1
jiiiih .Linnet int: 1, ta. nan or .X'm-..
showed un Increnrc over the first i.,!
ol the month. For the whole Period ,S
total of loaded cars reported vai uujx
nn Increnso of lSl.lfil over November W"
Thero was not so much activity on .1 '
local exchange today as In reCeni .."
slons. The arbitrage group of kIm.1,. ""
inclineu to iag ns. a re.itilt of Mf Van
dcrllp's warning npeoch, but CaraDris
Steel nnd other purely local Issues rnM
fairly steady for a time. Later they Z
gnu to respond to tho general dcnrcMioT
Storage Ilattery dropped over SJ in
inodernto recessions developed In rw
brln, l,ehlgh Navlgntlon. Lehigh v
Icy Transit and the local tractions. tm 1 .
Ing failed lo respond to the flno Octobj
report. The railway shown a surplus,
11,418,501, as compared with $676,551 for'
October, 1911. Kor tho period from Jul
1 to October 31 thero wns a urlni
of 1.1,640,29(1, or nn Increase of Ijl,'r,s,i3
over the snmo period a year ngo. "nt
Heading Company shows a surplus 1,1
$11.1,10,1 for tho month, which ..
I29.07U better than n year ago, whu
for tho year to date the surplus incrcawj
W,X The Conl and Iron ('ompany rs
celpts nre also exceptionally good, a Bal
of $li,CSi being shown In tiie surpln.
but for the year to date thero Is a de.
crnaso of JIJS.07G.
Announcement of nn Increase In ih
American Ons nnd Klectrlc dividend'
stimulated that stock. An extra 2, Mr
cent, payment wns also declared. Penn
sylvania Steel common moved up oyer
n point nnd prices wero Inclined to rally
moderately at tho close.
PHILADELPHIA. MARKETS
GltAIN AND FLOUR
lions: Cur lotr. 111 export rievr
tKit 11ml December. II.UW1.I8;
led, f l.H-il l.HI; steamer No. 2
No. il .red. H.l'lffl.l."; rnjectt
do..
, We
WHEAT. Itpcclpts, 23s,(lin bush. Demand
wns fairly uctlo nnd with stronaer outsldo
nilvlces prices further advanced 2c. (Jinitn
llons: Cur lot v. In export i-lcvntnr--.So. 2 red.
.n, riiuiniiii
red. fl.l.'WI.l.'i;
toil A. J1.1UV,
1 I'Mf.. .nl..l...l 11 Clllill.tl.
CdltN. lleiclpls. "'-"il bush. Supplies wero
umiill anil Hi" market wna quiet nt former
rules, (juolntlniis: (Mr ot lor local truile,
km to lo.'utlon.W (stern Nn. 2 ellnw, ,,l,Sc;
Western, strainer j;M'oa, iii'iinc,; Western
No. it yelliw, 7fll7(le.
OAT!. liecel.its, 77,101 bush. Prices further
niUniKcil 'tc wlt'i n fair demand nnd light
iiffiTiiiKs. tjnotiitl'itis: No. tt white. -4rr t ic:
stiilii'uird white. 4."i1s'i4Ik'.; No. il white. 44,ii4'
ir : No. I while, 42',i4:!'AC. ; simple outs,
IUti4'.'e.: purified oats, anuled, l."1f inc.
1'l.orit.- ltcclpts. 17IKI buirelH nnd 2,0.12,. .7
pounds In sacks. Trade hub iiultt, lint the
market ru'ed firm und hlRhcr, In sympathy
ulth the cimtlnucil adviuico In Hhcut. (liui
tuinnu ncr mil II . Ill wood: Winter clear. fS
w.VJS; do.. strnlKht, .l'.vrn.); il.. patent.
.".IK."..SV Kmisus, clear. Jute wicks, f4.i.'
; 1I11., strnlKht, Juto sacks. KUMl.Vlil; d.,
pnti'iit. Jute sicks. ?r...Vi1r.-..7r.: spring, tlrst
lenr. ?Viri.2fi; do.. etriilRht, J.',2.".5..MI; do.,
intent ift.SOVfiXi; il".. favorite brnnds, j."i.lo
IIII.1.-., iltj mills, chidco und funcy uitent.
,1.liii. ,1.1.1; do., regular grilles, winicr, ,"c
1.2.1: do., do., straight, J,l.2.'W.'.f'": do.,
11 tent. 1.ihiS.M.
IIVI3 KLOIJIl wns quiet nnd unchanged.
quote at f.i1f... per HOI., ns in iiuunij.
PHOVISIONS
Tho ;nurket ruled steady, but there wns
llltln tmilln?. ijuotutlons: I'lty. bief. In
sets, smoked nnd n,J.r-ilrlcd. 24'n2.ic; Vcat
rrn beef. In pi'ts, smoked. 24ff?2.V. : city m-er,
knuckles nnd tenders, sirqjied nnd alr-drlcd.
lT.ii27c.; Western hocf. knuckles nnd tenders,
smoked, 2ilii27c; beef hams, 2NfW: iork.
rnrnlty. f2.I..HHi2l, hams, H, 1'. e'red, loose, l.i
Hl.V.ic.; do., sklrincd. loose. ISfflStic; do., do..
Mnoked, l.'HII.Ii'c. : other hams, smoked, city
lured, ns 10 brand nnd average, 1753.1 71,2c;
li.ims, rmokeil. Western cured. 1717'!,c. : do.,
holled boneless. 2.'c. : picnic shoulders. R. P.
cured, loose, isija.'. , do., sir.okcd. i:"-c. : bellies.
In pickle, according to uvcruKe, loose. Mu
M'ic ; breuklnst bm-on, ns to brand nnd aver
sge. city aurcd, I7itl8c; brcnkfiist lincon.
Western cured, 17(f?lH.'.j lard. Wtstern. rcllncd,
llerces, lie; do., do., tubs, lie.: lard, pure
city, kettle rendered, in tierces, lie; lard.
pure city, kettle rendeicd. In tubs. lie.
. KEFINED SUGARS
Thcr vwia little trading mid the Pennsylva
nia Sugar Kenning Company reduced list
prices 20 points to a Iwsls nf .LIMe. for ex
tra lino grniittlatc-d, Kmnkllii nnd McCahan
were holding prices stesdy. nt He. We quote:
Kxtrn line urnnulnteil, .LUnmie.; EtimilHrd
itrunulnlcd. (ifiHO.V.: Mvderci1. ao.1WH.10e.:
1 imfectloners' A. S.KlR.1.ti0e. : eolt Kradcs, 5.10
DAIRY PRODUCTS
lltJTTI'H. I-'nncy rrenmery wns scarce and
lie hlBhcr, while prints advanced lc, with
demand absorbing all offerings of flno goods.
Quotations Western, rnlld-pnckeil creamery,
fancy specials. .'KlVdc.i eitra. aiV.c.; extra
firsts, nifin.lc. ; llrsts. .intiale.; seconds. 2ii(
SOe.: nearhv prints, fancy. IISc. : do.. avcruEo
extras. a.lii:i7e.; do., firsts, :!fw:i2c.: do.,
reconds, 2(1172'.ic, ; Jobbing ealea of fancy prints.
I2fi4.1e.
KG08 Kreah stock was In better request and
advanced 30c. per ense, with supplies well
cleaned up. Wo quote as follows: I-ree rases,
nearby extras, .lie. per dnx.; firsts. iaw 1 per
standard rnse: nearby current receipts, j.i.'.iu
"" ease: We.iern extra nrsts. IIO..KI per case:
firsts. J'.i.lfl per rose: refrigerator egg. fancy.
7."oif7.-0 per rare: do., rtrsts, $7.20 per case;
do., seconds, ?(1.001aiiO per cut; do., inferior
lots, lower; fnney selected cnndlcd eges nm
Jobbing nt I0ill2c. per do. "
UltMtlHR Choice stock was In good rraseii
nnd firm, with supplies well under control,
ljuutatlons follow: New York, Mil creim!
lancy, new. 17c; "niocliila" hlchcr; do., Jo.
fair to good, now, Kiii Kilic; do,, part tklmi!
CH 1 2c,
POULTRY
LIVn. Tlio market was quiet, with ftr!
liberal offerings at former rates. Kollowlu
aro tho uiioi.illons. I-'owls, us tn alts nj
quality, ildll'-c.; loonters, 111112c.: sorlni
clilckei.H. iiccordlng to qunllty, 141410c.; tor"
kejs. lM120c.i ducks, ns to slse nnd quslltr
l'ltililc. geerc. 14(1 inc., Inrgo slio prefettrt"
Pigeons, old, per pair, lS?20c. ; do., youiur, nf
pair, 17U18C.
DltKSSICD. rine dcn'rablo stock wns prrttr
wcll clcahcil up nt steady prices, Quotatlcu'
iTtsh-klllcil turkeys, fancy, nearby, 2:(iHc'
do., do. Western, dry-pneked. 241I2.V,; (U
fair to good. '!22:le. ; ilo Inferior. lSflSOcj
fowls, 12 lo Ikix, dry-picked und drytack4
lam jclcctcd ISijc. ; welshing 4141(3 lt
Hplcie, ISc; weighing 4 lbs. apiece, I7ci
welglili.g :;ij lbs. uplece, lilc. , weighing . Liu
nplco iiipI ur.dcr, ll'MAe. , line, heavy towi'
In birrelrt, dry-plckod mid dry-packed,' I1U41
Ion Is, lce-p.i.'ked Western. 4Vj lbs. nnd ettr
nple'e, 17',ic ; do., snmllcr sizes, i:tU7c; tit
roosters. ,irv-pcked. i;pc : chlckenB Jorr
fnp"y brrdlris, Ilfliiic: other noirby finer
broilers, 22li2lc; Western broilers. wclshUr
1!'j!i2 IIih. uplece, i'0f(22c; northern HJaoU
i'iui.'ivu, iiiiiej, jviiow, neiKUini; 4 IPS. 123
ovrr. INrl'ic. : do., fnncv. weluhlni; iKttTi
Il.n. l.-Jillic : other Western, welshing 4 Hi
11111! over, 175il.se: do., do., weighing SMiiPi
lbs.. llul.V.; Inferior, Lie.; spring (lotki
.iviiiiij. irwi.ui-.; mi., wesiern, uincy, linisc.;
rnlr tn good. 12fil."e.; now, nearby, lli(ilc;
do.. Western. 14fMO. : nnltnliM. i, a.
White, weighing 11 to 12 lbs. per dot. U
ifCi.lt: while, weighing ti to 10 lbs. per dot.
sifH.nil; while, ueluhlng R lbs per doi., in.!l
4a.So: white, weighing 7 lbs. per dot, lis
7.1: white, weighing iifi'114 lbs, per doi.,i2
2.2.-; dai'k. Xl,7.-,;,2.2,1i small and No.- 2. 1
1.10.
FRESH FRUITS
Thero wns n Mir demand for choice itod
nnd vnlues generally ruled steady unto
rniiilirntn offerings. Quotations: Apples, ptf
bid. Jonathan, tnncy. JUT.:,nf, 1 ; do., nlr
wood, 2.,.tifi:i; Mcintosh. 'lfilt SrooVtbouH
flfil..10; Orlmes' Ooldcn, J2.7.-.fi:i..10; Wlncsai
J2.7.-fi:!..VI; rlieenlng. 2.7.in."I.S3! IlaldsrU
2.7.-.w:i.2.1- Twenty-ounce, f2.ifyi; Wppla,
tv.aw. IllacK Twig, i.1()fl:i: Vork Iroiierial,
J2W:t: Hen Unvls, I.7.1H2.2.1, other vnrlttH
I..-0H2..-.II' Nn. 2, m 1.2.1, Apples. , In tralii.
per 100 llm.. .-.nc.fi$l..-,o. Apples. Western, wt
box, M.7.fi2.7.-. Pours, per bbl. Heckel. 14
111; sneidon, fiK.i; Iieurre d Anjou J2.ww.
rirnpes. New York, per 4-lh. Iwuket Uelarara,
lOHI'Je. , .'.'lagnra. InWl-'c. ; ConconL II'SUc.
(lrnpes. New Vork, 1 It 2II-Ib. basket Concert
4 Off .in.-.; Nlugnrn. 4M(Mic. Oranges, Florlu
per cnite, I.7.112..H). (Jnipefrult, Klorlda, l
cnte. $22,.W. I.emons. per lox, 2fi.'l. nf
npplcs, per crnto-l'orto Itlco 21J.1. Crf
tierrles. Cape Cod. per bbl,, J.lflll: do., C
Cod. per crate. 1.7.1f(2: do.. Jersey, per cit
fli0fi2.
VEGETABLES
Trade wns fair und prices generally wm
well maintained. Quotations. White noUtort
Pennsylvania, per bush. Choice. H0lS3e.l h
to good. 7(Xi7.ic. : white potatoes, Jersey, per
linsket No, 1 lloec, l.1ff.1.1c. i No. 1 otl
vnrlitlcs, inir.; No. 2. 20WS.1C. ,'"!
iwitutoea. Jersey, per basket No. I, 4iMj0t.
S'o. 2. Ir.iH'.'.lc: eweet pooitocs. Virginia, W
bbl.. II..Kfl.iO; onions, per 100-lb. bai-M
1, l1.7.1'. No. 2. ,10.qT.1c.i cabbage. DsnJ
iijf Inn. l.fON: iln . ilnmrMtl:.. Tier ton. tiui.:
celery. New York, per bunch. l.lfilOc.; lett'J
Nev York, per 2-doicn crate. $102: do. 04.
per a-ilnzcn crnte, l..'.01j'J' do., FlorlcsC Ml
basket, fl.riiin2.noi brans, Florida, per baj.
f2fi1.2.1i peas. Florida, per basket. Sljsoijxa
eggiJunt, Florida, per crate. 2f?2.W; mua
rooms, per fin, osskcl, iii.oo.
RECORD SUGAR PRODUCTION
Indicated Output Is 8GG.200 Short
Tons Exports Largo
M'ASHINOTON, Vec. 2.-A new high
mnrk In beet sugar productlon-SGi5,200
short tons-Is Indlcnted In preliminary
reports to the Department of Agriculture.
Tho previous high mark wns 733,101 In
1913
Production by States this year will bo
"H follows: California, TO3.W0; Colorado,
37rOO; Idaho. 62.700; Michigan, 1M.300;
Ohio, 32.100: Utah, 87,300. and Tndlann.
Itllnols. Wisconsin, Minnesota, Nebrnska.
Kniisas. Wyoming and Montana together
123.710 tons.
Imports this year amounted to 273,000
short tons, leaving a net supply for con
sumption nt home of 1.3IS.000 tons, not
counting stocks on hand at tho begin
ning of the year.
American Gas Extra Dividend
JJFAV YOItK, Dec, 2. The American
(Jos mid Klectrlc Company Increased the
dividend on tho common slock a half of
I per cent today by declaring 2V4 per cent,
quarterly, und In addition declared on
extra dividend of 2 per cent. The reg
ular quarterly Ivldendj of Hi per cent,
was declared on tho preferred stock. Tho
company authorized tho sale of J1.070, ll'J
new preferred stock at par, or foO a share
and accrued dividends. Holders of rec
ord of preferred stock, common stock and
common stock voting trust rertlilcates of
December 8 may subscribe for one share
of new preferred stock for each llvu
shares' of preferred, common or common
stock voting certttcate3 now held.
Reserve Bank Directors
WAKIII.VQTO.V, Dec. 2. The Federal
reserve board today elected directors to
the Federal reserve banks aa followi'
Illchmond Henry It. Wilson, Baltlra0"'
clnsa A, vise Waldo Newcomer; Kdmuwl
Strudwlck, Itlchmond, class D, 'vici
Ocorgo J. Seay. Mr. Beay will conttan
ns governor of the reserve bank. '
Chleaso Georgo M. Iteynolds. re-ew
cd, clns3 A; A, II. Vogcl, re-clettt
class B. . i
Keystone Telephone Co,
First Mortgane 5j6 Bonds
Due 1935
Ilondt oiilhluiidlnc represent about
one-half the 11 mount of cash Iniettea
In the property,
-Net rurnhia- for past four rur PW
twice Interest thurKrs.
Ustrd on the 1'lilla. Stuek Kicliaai:
1'KIQK Ttl YIKI.II AHUl'T '
ft? SJ07 i
J) s L J 0 -K
Free of Penna. State Ta; ...
DKSCIIIITIVK ClltCl'Ult ON "
iti;iir.sT
Harper & Turner
Investment Banhcrs
Olllrrs; lOOO-lOU
bToi'K i;.cii AMii; HfimiNO
I'ldladelpblia
. --arf
We recommend the purchase of
Carriage Factories, Ltd.,
Common Stock, for the following reasons:
1 . Company manufactures over 85 of total produc
tion of its line,
2. Has filled and is negotiating large war orders for
the French, British and Canadian Governments,
3. Earnings for present fiscal year over $25 per hare.
4. Earnings for next year conservatively estimated at
over $50 per share.
5. Present market price about $53 per share. (Par
value $100.)
LUted on the Montreal Stock Exchange, dealt in on the Seu York Curt.
For Complete DetaiU Apply $0
GEO, REITH & CO.
M IR0AD ST., N. Y.
'PHOHE IROftP 3if