"3---f "?
EVENING LEDGER-PHILADELPHIA', TUESDAY, DECEMBER 7, 1915:
IS
y
jT Hfmgg'ifl
FINANCIAL NEWS
BREADTH OF BUYING MOVEMENT
IMPRESSIVE FEATURE IN MARKET
New York Stock Sales
Sentiment Cheered by Improvement in War Stocks. I
Vast Number of Tips in Circulation Talk of
Increase of New York Central Dividend
NI3W YOKl", Hoc. 7.
The stock mnrliet linn ilc eloped the most pronounced Htrctmtli witnessed
slnco the period of speculative stntrniitlon set In mime little time since As
n whole, the stock mnrlcct cannot he said to !uio deflnltol left Hie rut In
-vhlch It has ticcn movliif-, hut It has shown a pronounced tendency to do
so. A most Impressive feature has been the breadth of the ImMnrr movement,
which has nlTected all classes of stocks. Sentiment has been Kreatly cheered
by the Improvement In the principal war stocks. As one writer puts It, the
market nppenrs to have recovered from Its "nlKhtmaie of price." There Is
little, question but that sIbus of renewed speculative iultlitive In the war
xpcclaltles Is most cncouraRltiB to the speculative jurtv, iitilte apart from
tho conclusions derived therefrom as rcpnrds the basil for the recent pence
talk. Undoubtedly a rise In stocks like Italdvvln Locomotive and Crucible
Steel will be considered as ilRnlfvIiij- an Improvement In technical conditions
and tho removal of nil overbought speculative position that vv.ih a menace to
the market as a whole.
Tho effect upon sentiment of the lmiirovement In the tn.irl.-ni h.-iu i.,.i.
the circulation of a vast number of tips, livery ono had ft favorite stock
which he was certain would do better ns soon as the Koneral list showed
signs of wakliiK up. The pools, which have been resting on their oars until
market conditions made it advisable to resume, are ucKlmilnK to bestir tlirm-
buhch nuain. ami all tlie other sltfns of bull activities are appearing.
...,. .u, uu mis is, 01 couise, tlie met that the ouslde public has hovvn
a slight tendencj to ctend Its speculative position. Whether this outside
Interest will be sustained remains to bo seen,
Sloss-Sheflleld made a new liltjli record today nfter quite a marked rise
during the last week. The general reason for the advance Is, of course, the
strength of the pig Iron position. The spiclHc reason appears to bo a visit to
Now- York of tlie president of the companv, who has talked very optimistically
to his friends about the current business and proscpcls of the property. An esti
mate of current earnings from a sour.e that should be well Informed Is that thev
ivro at the rate of IT, pel cent, on tlie stock Technically speaking, the market
for bloss-Shrllleld Is probablj In rather good condition for an advance, Insofar
ns the position of the Homing supplv of the stock Is loncerned. In the ncent
boom In the steel and Iron shares, .Sloss-Hhellleld took a verv small p.ut, so that
Mi ndvnnce from this level. If It occurred, would thcorellcullv be less likely to
encounter liquidation fiom outside sources than other stocks which were well
distributed on the former bull peilod Uesides all these arguments for higher
prices. It is reported that strong market Interests have tnken the .stock In hnnd
with the intention of putting It up A figure of 7", Is mentioned as a possiblllt
The speculative element In the New York Central in inagement Is reported
to bo In favor of putting the stock back on a li per cent, basis, and It is
not unllkelj Hint the subject will be discussed fiom lime to time in the
Eosslp of tlie Street. Cm rent earnings are, of couise, mnking staitllng com
parisons with a ve.ir ago. ns is the case of all the big trunk lines; but
Central's prosperitv lias hem rather short-lived to nuke It reasonable to
suppose that the company will Immediately Increase the distribution The
conservative element in the management Is against nnv such movement it Is
recalled that It Is onl about a ear and a half ago that theie was serious
question in the minds of many people of the solvency of the road. The Centinl
Is ono of the roads whose earnings when they once begin to Improve do so
very raphllv. Conveisely. they also decrease verj fast when they once start
.. ....,. ..w.v, K,..ue. .nisi in present nn Important factor making for
uwu..K . io ccHs.il ion or construction work, which affects the operating
ratio radlciillj. In any ease. Central around 10,", alrentlv appears to have dis.
counted a C per cent, dividend. At leas,. It Is higher than Southern IMcl ,c
and not so verj far under Atchison, which is on a solid 6 per cent basis
Some of the war specialties made very wide gains In the market tod iv
ranging from three points to marly eight, the largest being In Studeb.iker. Some'
,tl,r",rr,,,,r :V:.rC..!l.."C.U'."lcrV,u' " Jor.,y them were a
....... ... ......,. .wiMumii-einoni unit mo Interstate Commen
..o.u juauiicu msiicr rnies on points of the L'nion Pacific In
stock und It was a fraction up.
Tho 1'resK en s message was about as had been expected, and was regarded
more u n bullish document than a bcarlbh one. and the market took on re
newed strength follow Ingll Its publication. The proposed tax on Iron and steel
products was discounted, forecasts of tho message in tho St.eet during the
latter part of the last week having contained this fnct Strength In Baldwin
Tho mock " ",rBCly d" ",C f"Ct 'hat d" V"m "norOS,S ucr "''mulatlng
ie Commission
Kansas helped that
LONDON STOCK MARKET
LONDON, lice 7 -While there was no
improvement In business In securities on
tho Stock Kxi'hungc today, tho tono of
the market was steadier on better reports
from the Hrltlsh army In .Mesopotamia
Tho Stock Kcnansc Committee has for
mulated further rules to prevent the
members of the Kxeh.inge from sharing
commissions with outside dealers operat
ing bclcw minimum prli.es. The for, Isn
department presented a cheeked appear
ance. Chinese, descriptions were he.iv),
on news from Hhanghul telliiu of out
breaks by bands of rebels. Selling by
Paris caused Spanish Issues to drop
again.
The American group was more cheer
ful later In the day, following rlsis at
New York, but it lacked vigor. Sup
port wns tarnished to Can idlnn Pacific.
The gilt-edged section was easier, not
withstanding inonetaij slackness Home
railway shares were llrmcr in spots, but
South American ruils were Irregular.
After scoring a fresh advance, shipping
shares receded a little. The tone of
mines was hard.
New York Bond Sales
Union N. Y.
.... cloe. i nun.
Atchison nn. pip. n.
B A. Ohio irttj iu;
Can Pacific I, .. .nn im t?
Ches & Ohio 117 1:1 1. i '
Chi Ot West Hi ).-, 14
nn ji & st p iwi, niv 1
Erie ... 4i,3J II IV
I .aula A Nash l,ii J si 1
JIo K & Tex sv4 ts 1
New York Central ... . Hi, lttr7 .
Norfolk & Western . .. 127 ISO'S K
New York Ont 4. West . .LI .11 1.
Pennsylvania 1,1 "o' 1.
Heading St M i
Union Pacini. 147L lis, !
United mates bteel Hl but; S
Decrease, 4-Increase.
METAL MARKET
NEW YORK, Pec T -Tho market for spelter
la weak. Prime Western, l"?l'l-Gc, De
cember, 14'ftI4iC futures ringe from 1U
down to llV,c, lead dull offered at 5.15c
tui. 3.5033,75.
ires
BBIWIiliilllilllllilililini
iLEE
IJffilTtiffllilllilliillllllllHililillHilllliilllHlililiiiililB
MM A-JM b TnJ
wkk wtk s31 j
laia m V ' ( ,n"TrM4
Mii"i'j,,yiiniMiii..iiniffi
Thesa tires mark tha
end of road trouble.
They are guaranteed
Puncture-Proof
Blow-outs are also
guarded against. This
gives LEE tires excep
tionally long life. ZIg
Zag Tread checks
skidding.
Lee Tire Sales Co.
330 N. Broad St.
2X! 'J,nPr Kr lh r,i .
oou Ars-onllne .Is
KM) AllKlo-lT I,
JiKM) Amer lei clt An . .
iiho Amer Til cm IUi
000 Armour Co !,'
nil"; Auniaon K n U .
.(HJ AtrhlMin .idl la
1 .VtUll.on 1 v 43 ll,()
HK Atclllwn Ss .
ii:: iv.v;''0':'"".. u
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SOW) Detroit I nltcil l3s.
fOn Ills (ec Corp Ss .
"(l Erie iteii Is
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funno interb Met 14s
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low J ipancw 44s . .
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lli0 do r.s 10- . . .
1 l.eh Val Ika
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1000 do 7s .
IflO Iiuls A Nash la .
.I!!", J!lnn 11'hSHli
liOiK) Mo Kan & T 1st Is
1000 Mo l'ai. Is . "
1000 Mo Pac col Sa '1J .
2TUHI Mo Pac . .
WX) Mont Power Ss. ..
JO00 N Y C U b 3 .
231000 N Y C Cs . ...
1000 N Y C . H 3Hs .
llM NTC II Is
11 NYC. II 1(43
KOI N Y llty IU flDO
IOiiO N Y Cltj ls 1!HEI
IrtK) N Y Oily i lis llibj
10UO N Y State ls
!tt N Y N II & li Cs ,
KOOO N Y Ity adj ns .
20OO Norf & Win 4a
JOOOO Norf . West cv 4V-.B. Wl
111.VJ
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tm.i nor ac Ken as . . .
JViiO l-acllli. Tel Ss
1200O I'cnna sen ct 4tjs . .
LiKK) Penna in 44s
MIO I'enna 4k UU1
1000 Hay Con Copper lis
IOik) Itork Inland rfd 4s
HOI. I St Louis Swn 1st Is
MO South Hell 5a
SVI South Pao Is
fi'.'0nn boutli Pac cv 4s
liOOO do cv ret r p 5s
4Ui South Pao rfd 4s
:jynl houth Itvty gen 4s.
J0i do con 5a
aui Tenn C rvt t p
triaa Texas Co ls
W"l V a bteel 5
HiM Vnlrn Pao 1st 4s . .
"IIJ) do cv 4s
.1000 Va Car Chni Ba
llOisl Va Rwy 5
1(10 Wat, Pou ct Is f u.
lOUt Weal Mi 1st 4s
.VJl Wast K Jt 11 cv Ss.
ltrnO West l'nion 5s .
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Wis
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1001'
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102
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LIVE STOCK QUOTATIONS
C1IICAUO, Dec 7.-I100S.-Re.clpt. 40 000
head market ntalc. Mixed anl butchers, i-1 60
3il.T. sol heavy. J1l.4n40.73. rouah heaty,
eais.2i iiaht. ti eojiO.U); pis. 11 sooa 50.
bull. B.UIJftfiO u
CATTI-'-- l.ecelpts. iKM head, market weak
Beeves. l 2Mjl.h.-,. coaa and lieirera I1M
810 Toxoids tf.5oe8 . calves. il..V)a 10 K.
SI1BK1' - Uerelpls. n.WO head market
steady Natlie and Western, I5WCU50,
wn.bs, (CbOdOa.
GOVERNSIENT BONDS
Adami EinrMi
Aluks Jnresu
Ahskii (iol.l M
Allh-Chilmeri Mfu
Allls-fhalm Mf pf
Am Ab Chpmlcil .
Am Tlcet Sneir
Am llwt Sucir rf
Am HratM' SI.F
Am Can .
Am Can pf .
Am Car A. roundry
Am Coil Products
Am ( otton Oil
Am ( otton 1)11 pf
Am lllilcv thither
Am Irp v-viitlllfs
Am Locomothc
Am Ixx-omollippf
Am Mtlt
Am M.ilt pf
Am .smelt . Itrf
Am smelters pf A
Am Moel Kojndrle
Am sueir Itif
Am Niear Itef pf
Am lei A. Tel
Am loharro
Am I oh pf nc
Am Woolen
Am Woolen Ir r
An.nrondi t opirr
As"(t IteilUallon
Avu'latnl Oil
Ateh V Jl S V
Alch T . S V pf
1 Ilaldnln Loco
llildnln Loco pf
JLilllmnre ft Ohio
lliltlmore A O pf
llitopll.11 Mlnlnc
llnllilhnnt Slnnl
rho 1 iirooLbn Itap Ir
Ilroun Shot1
llrown hhoB pf
lltiinsli-k. 'lerm
Hums llrnllior.s . . .
Unite X. suiK-tlor
nutterlck Co .
1 al I'etroleum
( al I'etroleum pf . .
Canadian Pacific . .
( ent leather Co ..
( ent Leather Co pf .
Chesapeake . Ohio .
t hile Copper
C hlno ( upper
t hi Cit West
C III (it WWpf
C 111 Mil .1 st Paul
C ( C A. M L
Chi A. North est
t hi It I A, I'.ie . .
Cluelt Pe.i A Co
t olorado Fuel V I .
t onsolldateil (1 is .
Continental ( an .
Com l'roil Itif .
Corn Trod lief pf .
Crucible steel
Ctiulhle ste'l pf .
Cuban-Am su; ir
Oivre A. Co pr
Delanare A Hudson
Den A lllo (irindu
lien A Hlo dr pf
Detroit Kilison
Dlimoml Malrh
DUtlllers1 s.urltles...
Dome Mines
Erie . .
t'.i.. 1..,
""i Krl,. il nf
deneril hleetric . .
deniral Motors ....
(iimral Motors pnf .
Cioodrleh II F Co .
driat Northern pref ..
Gt N ch for oro prop.
Ciut,'i:c!ihc!m i;ipin ..
Homotake Mlnlic .
Illinois Central
lot Vxrlculturil
Int Agricultural pref
Inter Con Corp
Inter e on Corp pref.
Inter-Met vot t c . . .
int Harvester SI...
Int HanesUr Corp ...
Inspiration Copper
Int M M pf cf dp ,
Int Nkkel
Internatloml Paper
Inlirn itlonal Paper pf
Kansas City southern
Lack steel
Lohlch Vallej . .
Maj Dept Stores
Maxell Motors . . .
Max Motors 1st pf. .
Max Mutors I'd pf
M &t I'ia!) M ..
M St PASS M pf
Minn A. M Louis pf
Mexican Petroleum .
Mex Petroleum pf
Mo Kan A Texas
Miami Copper
Missouri Pacllle
Montana Pouer
National Iliscult
Nat t loak A Suit
Nat C loak A Si It pf
Nat irnamel A S
Nat Ity of M yd pf
.Nat I j ad . .
Nevada Con Copper.
Nr York Air Hrake
n y s ii i ii . .
Ne York Central . .
Norfolk A Western . .
North American
Northern Pacific . . .
Ontario Sil M
PailHeMall . .
Pacllle Til A Tel
Penna It it
Prorli A Eastern
Petttbone-Mulltken
Philadelphia Co.
Plttsburuh Coal ..
Plttsburch Coal pref
Pressed htetl Car .
Pub Serv Corp N J
Pullman o
Ity steel sprlns
Ha Con Copper. . .
itvadlnj
Rep Iron A. Steel . ..
Hep Iron A bieol pf .
Hock- Island Co pref. .
St Louis it S F . .
St Louis Southwest
S-aboard Air Lino pf
beam Hoj & Co .
hlosD-shtf S A I Co
hlo5-shif s A I pf
bo Porto It Suz pf
southern Pacific
southern Hall ay. . . .
Southern H pf
Standard Mlllln: pr
Stildebaker Co ...
Tenn Copper .
Texas Co
Texas A Pacific.
Third Avenue
Union Has A Paper
United Clear Stores .
United Clsar Mfrs
Union Pacific
Union Pacific pf
United Fruit
U S Jnd Alcohol
V b Ind Alcohol pf
United II J s Invent
United Itj, Invest pf
U S Cast Iron V A F
U S Realty A Imp
U S Rubber
U b Rubber 1st pf .
U b Steel
U S btcel pf
U b Express
Utah Copper ...
Va-Cai C'hera
Va-Car Chem pf ... .
Va Iron Coal 10
Wabash w I
Wabash pf A w I .
Wabash pf 11 I .
Western Union Tol
Wetiiibouso K A M
WelU Farso Express
Western Marjlaml
WheeUns i 1, K 21 pf
Willys overland
W'llijs Overland pi
Wbconsm Central
2 to
Last close High Iaw pm
12S 120 129 120
nx mi- wi if'i
. "Ill 24tS 21'i 2IH
m's mit aiji aaJa
H2ii 83 82 R2J
72'f 72X 72X "2'i
7J', -H 72 72'i
OPS 01 01 0
02i 10.1 10) 101
am oju oi'i ru'i
1I2' 112'j 112!i 112'
K-'lj SJ'j 82 h2ii
i;,2j i.,t'? iw ir,i
o'i's out nn
U( UH Ui
2-i 20'i 2n'S
7I' 71' 70H
l()2'i I02' 1()2'S
111' 11',' 11
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117IH
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FOREIGN
Nterllnc
Chle..
Drmnnd
Primes
Cables.
Demnnil
'Inrks
Cnlile
Drmnnd
HlKh.
4.12
4.7IM
(imvs
70'f,
79
EXCHANGE
ton. t nt. lof.
4.7J 4.72 4.5IM
l.71"i 1.7IM 4.71
IS nV& HBV4 (I 1
Rli B.7'4 oM?',
70 70', 7
7BTA 70 7?j.
Sales in Philadelphia
Yesterday
close HlKh
2 40
I.OW P M.
10 Am Itxvja ... "0
.1 do pref .. . 03'4
100 Am Loco
S lmldln 1-oc pf .111
S
fiS',
l()7J
10IS
11m,
11'j'j 112
. 77'a 77'a
2'1 !2
170 170
. Wl'i IHI'
VI'
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I
00
120
220
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ion mi'
in fin
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.110'ti IHI',- IW'i 110!t
110!:
112
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72' i
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81
72'
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no's
"VICTORY LOAN"
CONTINUES TO
MAKE STRIDES
No Drain Shown on the
French Bank Accounts,
Says Expert
ALL EYES ON BALKANS
MH
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414
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122
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111 111 111
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101'i 10.1)i 101',
121 120',
7.1
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t"
tinj
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1U1H,
int
ion.
U7U
ftii;
10a
loa
7HV,
KM
101V.
uliukb'J.li.lrTK
jiimiu.siuii.m
3 e( lino rrslsternd
. . or usiu coupon
Panama 2s registered
Pwuffia 2 lltt rcsUHred
' PaoAiaa tssr a rcttred
Vuoasui "' s cown
2 al IWI restatueJ
I)11. AskJ.
to
us
M
10t,
lOttf
.-l'JPi ,.
ISO 182h 18KS 182
lil'4 Mi'i 01).
07 03 Ohij
lUSi 111) 110
102'i 102'j 102
21 21!,' 21),
02)i IK'i 0."i
81 8i)i 81)
150 10.1! i 15.11
58) i 50 58 4
215 21(14 214
15)S 15)i 15)i
01'.' ODi l!Hj
7)j 7!i 7'
03 0)i OM
(jP, (it 03)
00
00
uu
102
21!,
O.Hi
83)i
KklH
5SJi
215
15)i
ill),
7).
91i
63JS
Wlien Allies Divide Turkey,
Greece Will Be Paid in Ac
cordance With Acts
Hy YVES GUYOT
IMitor I, Accncc Kionomlque ct Plnnclcrc.
Spcctnl Vablr IHipatch to thtning Ltilper
PAH1S. Dec 7-Suhcrlptloiis to the
"I0.111 of lctoiv' continue lit lilKh maik
ulthout eiilncrlhors yet Inn ins hesun to
borrow nt the bank on tliclr stock, while
neither ilo current nccountH nnd deposits
nt the htnk slion Hint they nrc bclnB
(lrnwn on On the contrary, deposits In
Imnk Increased from fiH.O 0,000 on No-
ember 23 to J"'l".000.fi00 on December 2
Ilnlknn questions do not worry sub
scrlbers to tho lonn Hcry ono knows
how IlulRnrln plnjed with the Allies nnil
secured JJ70X).00i) In koIiI nnd JiOO.OOl.OO)
In mnterliit from C,prninn, hut still sub
scriptions to the "lonn ot Uctory'" ko on
Whnt Greece will do Is still undecided
In Dcnjs Cochin we suit u Rood friend
of tiie Orceks to Athens He wns re
ceived entliimliistlcall bv the populntioti,
In a friendly manner hy the KlnB and
w llh considerable coiistrnlnt hy the Queen,
who is 11 sister of the Knlser. JI Cochin
had a Krcat personnl success, but tho
ICIhr of Clrcrco rejoiced nt the defeat of
the Scibs, while the Queen waits Impa
tient for the time when the Greek iirmj
will bo Invited to Join forces with tho
Germans, IlulKnis and Turks.
As to the Greek people, they would like
to Rain somctliliiR In the limiting of others
without JolnltiR In themselves Ono re
calls tint It was the treaties of 1S27 nnd
18.10, imposed on Turkey hy France, Hiir
land nnd Russia, tli.it m.iilc Greece, nnd It
was the protocol of London In ISSH that
R.ive the Greek crown to the father of
tho present KltiK of Gicccc, who was a
Dane
Constantino also forccts that it wns
the samo three powers who kept his
crown on his head In 1S07, when Greece
had to call on her old friends to help her
out after Turkev had defeated her In
war. Turkey was to evacunto Tliessaly
after Greece paid an Indemnity of ?20,
000,000, hut Greece had no money and
KiiRland, Prance and Russia. Rave 11 10I
kitlvo Riiarantco for a Greek loan of
$.'.1,000,000 at J'- per cent It was not
the credit of Greeco that enabled her to
raise mono at less than :i per cent. At
that time tho brother of tho Queen of
Grcico icfuscd to help Greece by sub
scribes to the loan
ho bo IL On the day when the Allies
divide up the Ottoman Kmplro Greece's
share will bo in accordance with what
sho has done In the war.
22111 Cnm Steel. .
1I Chill C oppec
7(1 IJIcc Stor ..
in I.-rlc ...
4 Ins Co S A .
21 Key Tel Co .
too t k 8up Corp .
2.H1 t.eh Nav
(0 lh Vol
..(Hi l,ch V11I Trnn
IHI Northern Cent.
V.7 Pennt It It
17J Pa Suit Mfu .
,1 Penna Ktecl
II do pM .. ..
to PhlK Co
1207 Phlli 13cc ...
I7HI P It T t c .. .
2J PhlK Trac ...
Km ltn Cons . .
lvn Itcnillnir
10 Po Pnclllc . .
(Wi Tonopih Pel ..
LO Tonoprth MIn .
10 P S Itubber ...
Ms Pnlon Traction
lis IJ (1 I
toll P M Steel . ...
rt Wnr tr & St .
.1 V Jcr & H M . .
2,1 Cramp & Sons.
77
, 70
IP,
2P.
H'S
04
70
S24
1M.
.vit,
1.1
Sl'4
J1I,
29' ,
P.
TO'i
2.H4
2'1.
'4'fi
SO
111
7l'i
1121',
7'i
2.Vi
70
44'i
24'i
U
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71',
S2
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sot.
00'j
nt
ll'i
2SH
20
70
2-1
S.1
102' i
4,
M'i
Ill's
RS
SSI,
I0i
.10
ts
4S'i
sS-1,
sn
101'j
.v
S.S
UOSVH.
Iit prev.
site, lllffh,
20O) Allrglichy V 4. . R"
wo Am a & r.i r.s s ss
scon It ild I.oc 1st r.i ion 100
IOS C S scp Mis '17.101 102
II "10 City 4s llll.l . 1(12 102'.
100 P.l fc P T Is . 80 M'j
11000 t, N eons l'4s. 10.' 102
Mum lli V pen 4s. til'j OPj
1000 do Ren 4s ....lolij 101H
1000 Pa cons 414s . 101 lOIS
llixm do rcii IM 100 lot
:.00O PhlK Co cons na .S M
IfMsl P Herv C N J Ss t"i'a 00
000 Phlta Kl R .101'j 10H4
Klimn nradlnR pen Is. 01 01
MXI0 ilead.J Cent 4s HI l'
.10
(15
tl'4
112'.
73
2S
07
4i'i
2P1
lfl
I" 3
7S
W
ls
0'i
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01
ot
81
tm
2S
10
70
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82
102'.
1
4)
SO'.
40
S
S'l's
10',
.10
ss
no
01
71'i
112H
',.
2.1
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4 Pi
24 '4
11
n'i
70
82
1S
80' t
r.o
twii,
B4
81
ll'i
2S
PP.
70
20
fcl
102't
1
7
Ml",
40
8S
ss
10
MS
SS
MONEY MARKET A SHADE FIRMER
AS END OP THE YEAR APPROACHES :
"
Many Rumors of Deals Afloat in the Local Financial
District Optimistic Predictions Regarding j
Cramp's Tractions Again in Demand
ding j
2 40
l5. P.M.
S7
SS
100
102
10211
82 '4
102
ni'4
101",
101
101
ss
00
10114
03
01",
87
ion
102
10;
SJIj
102
nl '4
101,
iov
lot
8S
00
104j
I'I
0.1
A jllfihtly firmer tone has developed In
the local money market this week. So
far thero hns been no actual chance In
current rates, but somo bankers are In
clined to believe that quotations for
funds will harden as the end of the J ear
approaches and arrnnRcments for the
heavy .tnnuary dividend nnd Interest dis
bursements nre under way With the
new venr will nlso come considerable
corporate llnnnclnR, especially If somo of
the blR deals so prollflcnily rumored 01
late arc actually consummated
The most pronounced indication of an
upward tendency In the money market
so far has been the attitude of note
brokers They nre now offcrliiR to sell
their commercial paper to the banks nt
i to '4 of 1 per cent above nominal quo
tations, Short maturity paper hnd been
offered down to 2 nnd 2'i per cent, hut
now the hanks are rocelvlnn bids of 3 per
cent There Is little doinR in collateral
time lonns, ns most of the car-end ac
commodations have been nrranped for.
Commercial paper brokers do not look foi
tho appearance of much drypoods paper
until the new year, when the huvliiR of
sprltiR stocks will set In.
In the local llnanclal district todav
Rosslp centred about tho various steel
merger reports. The only definite de
velopment, however, was the announce
ment of the application to Incorporate
tha Donncr Steel Company, with t-
OOO capital, to tako over h v"'
State Steel Companj, recently 'nnrM,.
by Mr Donner for t3.TuO.Con 1 o ?f 1
tno name or the Pennsjlvnnla Stef Vv1
pany has been linked with thl. ,,
Mr. Donner owns 39 nor m -..!cIlei
Hal stock of tho latter and the r.,o!J' 1
own 39 per cent. It is said Mr t.Md I
has mndo a bid for this block but ,1 .
It did not meet the ilRurcs n. whh J?1
railroads would be willing ,, ch "
Cambria Steel was Inclined to ... , 'l
thouRh talk of a hlR J.TO.O00.O00 ttotiL ''' I
hinatlon. with tho Cambria comS" I
a nucleus, continued
There was nlsn n r.nn,i .1 ,
about the Cramp Shlphulldl.iR cnmS!slM
It was said several different ?,,Tp.an !
m-iile bids for control, hut that th 1.. n
csts novv In the saddle are Unvlmii?',"
part with It In xiew of the expeeffi '?
several cars of hlK business In ffi,"f
boats It Is confldcntlv predicted th.i I'
ship construction boom will . l,,
Ions while after the end of the .
vvrougu
loend c
iim luciii mictions weic ncaln ,1.. .
nnd nicctrlc and People's bonds roS?m
two points. rtn.,i,i t "":,I0S0.?)m 1
JO. the v ear's top, price, nnd TTW T
tlon mndo n new lilc-l, r...i , ."'.
" " " .-ssiiu ,or 1315,
view of the crent ile.stniriinr.
Already there Is talk of a tllvlnW
Crnmn l.nio " "IVUlend
Financial Briefs
130), 139)4" 1'JUlf 139)i
W SL), bi')j W),
14 Pi 115Ji llUi U5t,
f.'Hi 123) KJ)i 1.M1J
lU-lh 101 jai)4 ll!
..') j.i i'i :i
:t'J 41' id mi
l!o)j 2j -JSH '3)4
41),' 42), 42h 4.')i
. 55!i So!- 5.5W 55),
lOoli lttS)5 108' j IDS),
fcOJi 88)i SO), 87)4'
llll 1IU1
47)J 47),'
Nl). 81
47 47
Hill. Illll,
Wi 47JI
8U), S0!i
47 47
U.i) Ul!i IUV, 11.1'i
MooUortu K W
Wool 01 th pf
Co
e.i! 01 Gl), 65
. 10!i 10' lo),' 16)j
. 40' -id1 4oH 10)5
:n 204 -Mii 'M'i
. o-S ,v-15 88 8S
o'JM 70), Ij'Jh 70
l'JJ llUi U0 130
32) J 32 3J)j 32) j
5), an a en
23'J), 245 210), 245 '
llJJi IUH IUH IUH
V J 4U 4U
US 117)
123JS 121
117
121
117),
124
NEY YORK BUTTER AND EGGS
KMV YOKK. Doc 7 JIlTrua Market
llrmcr (or top tirade, receipts, MXS parkaxes
..ru a,'sVi-K , Dinner siorujff, oU'OJTC.
'1jT3c , ImlUtloQ
Uik.
sreamery 23
Ht.it. dairy.
U.iC
E4JOS. Market flrmer receipts. CS15 park
asres. extra nrsts. :i7jj1i'. Ursts. J4&3b
nearby whites DiuXic ciixed uIor 34u0.,
relrlKtrtvtor flrst733HC oby trewej,
8Ws.
WHEAT EASED OFF
ON PROFIT-TAKING
Stock in United States and Can
ada Smaller Liverpool
Market Strong
CllllWdO, Dec 7 -Protlt-takliiR caused
a setback of Vijill cents In tho wheat
ni.uket at tho opening tod.ij. After the
start the market was nervous and irregu
lar, .iIIIiourIi It leKHiucil part of the loss
The iccelpts at Minneapolis and Uuluth
tod.i were 871 cars, acnlnst 70fi Lars 11
jc.tr hko ; ut WilinlptR, 1171 cars, iiRalnst
131 cars; at Chlcaco, 136 cars, iiBiilust
33S cars. Tlie visible bupil of wheat In
Canada Is 7.1,024.000 bushels, a decrease
of L'.bOl.OOO bushels, and compans with
1.1.075,000 bushels last e.n. Total stock
In the United States and Canada, 133,.
7OJ.O0O bushels, a decrease of 230,000
bushels for tlie week, and compares with
l.'l,70J,000 bushels last jear. The sup
ply in i:uiopu is 73,100,000 bushels, u de
trtaso of 1,100,000 liushels, for tho week,
and compares with 7.',000,000 bushels last
j car
Wheat nt Liverpool continued to move
upw.tul, with absorption on a laise scale,
vslth prospects of difficult) In oMuinlm;
punhuses later Notwithstanding the In
ducements to make purchases leicntlv.
thu foielRneis held off too loni; nnd then;
Is approhtnslon In Uteal Ilrltaln that that
i-ountij vslll once inoro drift Into a
dangerous position with regard to stocks.
It will lcqulro heavy weekly contributions
to lepIenUh supplies abroad.
Orecce will require large amounts, but
Is pi collided from the llalkan slat's,
where the Central Powers arc offerlns
good prlies. Itnl also must continue n
buyer
The tonnage situation continues critical
and there has been a further rlso of .'a
Cd to 115s in Argentine freight rates
Corn also was easier under selling due
to larger receipts, which amounted to 500
cars hero today Oats started llrin, but
turned easier. The receipts here todd
were 333 cars.
Leading- tuturea ranged as follows
Noon Vest'd's
Wheat Open, IUkIi. I.o, close
Pe.emter l.lu l.Pil. lis 1 nil,
Maj L10!4 l.s.) . js tl.lU',
l urn mow dellierll..
Deeeml.r 'sS
Mas
Oats
) rimber ,,,,.
Mill ,
l-rrd
rKcr.nts.r
January . .....
Maj . ...,'.
nibs
Deivmber ....,
Januan
Mas ,
I'urk
December
January .
Maj
i:M. fAsk.d
71S
4VA
GO
7JS
(.7,
71).
11. IJ
1)00
l.7."
10 U.'i
16S).
711.
I'J 'llll
Wi Ib'i
11 17
0 77
11 M
1114)
0 07 10.17 0117
1(1.70
IKll-i
.18.15
MM
1K..V1
ISI1!
ia?o
1S.O.-.
1S.13
5100 BONDS
111a.
City ot llalllmoro Is, WU .... 01,
'lt or Chi. Harbor Coin. 4s, 11117 tui
City of New Orleans Imp 5s. Jluu. no
0 7i
0 7.'
UH7
111 .IT
IS. 02
'1T0T
Asked.
11V.
City of Vaneomer 4V. l'Jt
new tora l uj reK 4V..S, I'Jisi .
New York 'lt r.K i'ia, ino
II JL- 11, O S. I. K 1st Is. UTJi
Central Vt ll 1st nil 4s, lli.'O ,
C 11 I, .) Drain Kit 4s, I'C
(' M i ht 1' O IK Con . J014
O 1U bl I' Cons 4V:a. 1UIJ
col a bo net &. Kit Pis 1:1.13
N V Cent Conv Deb ts, 1UU .
N Y A O L iKrle) 1st 3s lulu
v v v 11 x, 11 I' r. ru .!L.U in-j.
N V X 11 i II c Deb re lis, 1UIS 112
,or ..est is. . uu is. iwki
io Par. clan Fran Ter 1st 4, l&'a)
Virstnlan Ilvty 1st Ss. lUiSi
Am As Cbem Conv Dsb Cs 1IIJ1
Am Ice rlecurltles Deb 0. llr.'l
Am T & T Coll Tr Ctfs 4s. luja
Am r 4. T Conv 4Vjs, IWI3
Ileth Steel 1st & Itef .Is, 101.'
Cent Leather 1st ree is PJ23
Cities Serv Conv Notes 7s 11)18
lorn P Ity & Llsbt Conv 0 MIS.
( P Co of Mlna Coll Notes ts. 1917
Denver (In, & Klit 1st in, l.U'j ..
Ocneral Electric Deb U'.s. 1UIJ .
Laikawanna, Steel 1st con Ss. 1030
Iu-led Gas 1st ,1a. IV 10
Ussett & JJiers Deb rte 7s, lull
Uitott fc ilyers Dsb ref Ss. 1031
oniiara u.u reK ,s, iie.1
'111.
lus
101
i7
70
lm.
IwV.
101
87W
ll'lii
wi
niu.
S4
UTVj
:
S3
u
6u
lr.1
M
tiUVi
alj
U4
7S14
Dll
10O
121
101U
lOlrV
ll'-'l.
IU7!,
1"1
00
1U'
11(1
Sit?
107
101
101
lOPj
101
US',
io.: '3
44
Complete returns of trust compnnlps In
this city to the call of the Hiinklng Com
missioner foi reports of condition No
venibei II, 1913, show total deposits ot
l7ti,872,S70, wlilih are record fiRtires.
Loans and discounts nt $177,4C0,913 nre
also Inrgtr than ever reported before.
Surplus and undivided piollts have been
steadily increased until this Item now
stands at MI.ISs.TtM
Tho Atlantic Steel Copan, of New
Yoilt, wts chartered todav with 51,730,000
capital, to manufacture and sell Iron nnd
steel H. Ilurnhnm Jloffntt, (J. Low,
Jr., and Divld T. Wells, nil of New York,
are the Incoiporatots
Tho Bradcn Copper Company 111 No
vember produced 3.6S1.000 pounds ot
copper, comp.ucd with 3,7.'i,O.XI In October,
and 3,;3:,O0O In September In November,
1911, the output wns '.MO.'.OOO pounds.
The Harrctt MaufnUurinR Companv, n
subsldlnry of tho American Coal Pro
ducts Company, will build u largo plant
In YounRstown, Ohio, to handle the coal
tnr products of tho Youngstown Sheet
and Tube Conipum
There was listed today on the Phlladcl
phl i Stock i:clnngc $1,100,000 additional
common stock of thn Philadelphia Com
pany, making the total amount listed
JI0,lU,rX.
Tho city of Worcester, .Mass, will re
ceive bids until December S for the pur
chaso of a temporary loan of JI30.0W.
Shipments of bituminous coal over the
Philadelphia and Heading Itnllwny !n
October totaled 1,601,014 tons, compared
with l,335,oI9 tons for the same month
Inst jear, and 1,1S,197 tons In September,
1913
Cotton receipts nt New York today were
estimated nt B3.000 bales, against 76,9i7
bales last year.
The Autocar Companv , of Ardmore, Pa ,
has inci cased Its authorized capital from
91.C00.fO0 to J.'.OOO.OOO, to tnlso taie of Its
rapidly Incicnslng business, and tho board
of dliectors has been Incrensed from five
to teven h electing James H. Austin and
Prank C. Lew In.
M Albert Linton has been appointed
associate nctuary of the Provident Life
nnd Trust Company.
Reserves held by members or the Phila
delphia Clearing House Association for
the week ending jesterday follow:
Philadelphia National
North Amrrlia
P rmrra and Meeh mica" National
Nnfl Hand of N. Liberties .. .
houth" ark National
KcnsliiKtoii National
P. nn Nattonul
ManufJiturer" National
ilnrd Nation il
Tradesmen's National
Corn LxchaiiRe National ,
I nion .National ,
Klrnt National
Third National
Sixth Natlonil
nishth National
Central National
Nntlonal Security
Centennial National
Ninth National
Tenth National
Norths. eatern National
Houthuestern Nntlunal ............
Pturtli hlroet National
Murkd Mr cot National
Quaker City National
Northern National
Franklin National
Textile National
Land Tltlo und Trust Co
ILal L'state Title Ins and Trust...
(llrard Trust Company
West Pblla. Title and Trust Co ..
Philadelphia Trust Company
Provident Life und Trust Company.
PtTnailv .nil Company, etc
Total,
Total,
national banks
trust companies
Total, nil members
fM,f71,0no
1,U'.i,Oiio
LIil)".ii u
17,1110
.174.000
.U1.0OII
l.s-n.ooo
in.'.onii
S,7Wi,4 o
1,(1.11,0111
4,II.D,llll
1 IH'.I.OOH
.V.'OI.IK'O
lull. KI0
iM.lOO
7-J.l.lKl
..!l'l.l
.I'll 1.0011
Il77,lll
in,iiii
mi.iHiu
iis.ron
rii.inin
1 1 SL'l.,1 ui
i,7ks i no
I.T..I to
I'll. IK)
,1,7Mi.loi)
L-.'l.d.)
L'.;i.il.wi
n-.i.noo
11,1 17.000
i.sj.onn
I'.S.M.IM.l
S,7".(l.f0il
.lts.t(hl
. J75.O53.000
. S'i.'JSI.OOO
.?102,03l,l)
PUBLIC UTILITIES
The Standard Gas nnd Klectrlo Com
pany has sold to It. M. Hjltcsby & Co
1509,000 :o-year 6 per cent notes, which
nre being offered on n 6 73 per cent, basis.
This snte will retire substantially nil
short-time ohtiRntlons of the company,
Including the $1,7TS,"0) serial 6 per cent,
notes due June 1, 191.
The Octoher pross cnrnlngs of the Jje
trolt United Itnltwavs shoncd nn Increase
of JPS.221. The net gain was 995,615.
The Consumers' Power Company for
October reported a gross gain ot 930,817
and a net Increase of 942,331.
The Cumberland County Power and
Light Company's Rross October earnings
Increased 9H.9S5. The net Bain was 93762.
Tho MonoiiRaheia Vnlley 'fraction
Company for the year ended September
30, 1915, rcpoits net earnings of 9173,691,
compaicd with bond Interest of 9230,000.
Tho Umpire District Electric Company,
supplvInR power to the lending zinc min
ing districts of Missouri and Knnsns, re
ports substantial Increases in carnliiRS us
a lcsult of the lcvlval of nctlvlty In min
ing operations In this territory. Tho com
linnv reported a Rain of 21 per cent, in
gross nnd of 32 per cent. In net for tho
cnr ended October 31, 1315. Tho IniRcr
pait of this Improvement was made in
tho Inst sl months. Gross earnings for
the jear aggregated 9I,0)5,S30, with net of
J 171,37s.
l'or nllcgcd failure to furnish the
number of seats required for pnsscngers
In street cars, the State of Wisconsin hits
sued th,' Milwaukee Electric Hallway nnd
Light Company for penalties aggregating
91.560,000. The State law prescribes a pen
alty of from $100 to $10,000 for failure to
obey n law requirement of the Hallway
Commission
RATES I'OK MONEY
Nctv York
Phil idolphla
lloston . .
Chi MRO
( all
lVt2
'HI I ,T
.Tlmi 3
513?
3S8I
.ufe,i?,,aCr!i,i'irrcn;fl:',C, ' '""" Thl,!
Uescrvc Banks' Discount Kates
Pass-
in oi
less
.1
:i
. .1
3' i
i
KAILKOAD EARNINGS
hOUTllLItN ItAlIAVAY.
lnia Inireao
Pourth week November. $1 S0H.7.HI ?(l.'.nr,
Month 1,ss.'i,l7l M1.01I
Prom Jul 1 . . 2H.0V,1.V r.7ll.s.j.i
CHICAQO UIIKAT WPSTLItN.
Pourth week Nuv ember. $ni",7(ri 9i0.77i
Prom July 1 . . n.s.'-'.hss i"i,(a.
ST L0PI8 bOLITIIW PbTKItN.
October gross . Jl.'JL'l.sIt,
Net after taxes . .. 31.1.111
Surplus utter charges .TJl.tMO
Konr months' gross . 3,071,771
Net after taxes 1,2J(1,4')7
burplus utter ihirgcs . 117,0.12
PKm: MAitquKTTB.
October cross 9l,si2,o;j
Net .VHI.4SI
Four months' gross ... (I,74S,..."i
Net ?,(i70,.-77
ItUTl.ANI) IlAILItOAIi
October gross .. 9.II1I.11IU
Net .. . . . .. IP-V.-.il
Ten months' rn"s . . t.YHll.S.'l
Net .. . TIU.I'.'S
WLhTr.IlN MARYLAND.
October gross .. . t0V.Wt
Net :117.1ns
Pour months' gross 'I, (.(hi 00"
Net 1.K.0.I.-.1
I1UIILINOTON.
October gross 90,4'H.IJS
Net aft. taxes .. . I,ir."i 101I
Pour months' gross a.1,0...
;.'o.i,:.oi
..ai.iTi;
.''A.17J
171.711".
K12.I .VI
171, ."III
911.-..7H
OMli.7
.".II.I.UU
21.1, :vi
l 1.7VS
21.S.II
IH.IIII
17,0'iS
s.moiio
147. r.-j
l,so,7",7
Ili7,73l
lloslon . ..
New York .
Philadelphia
Cleveland ..
Atlinta ....
Clikago ....
.St. Iitds . ,
.Mil iieniiolla
Kllll!tlS Cltj... .
Dillss ..... . .
Sin Prt-nrlsco. ,'l
Oier in o.er .7) Oitrra
up to .0 up to ui. uptS&
i 4 i
,1
AnrUuI, Trado 11. cr-iilntiic.
Huston
Neu York
I'hlladelnhlii
Closelaritl .",
Illrhmond ,',
Atlanta .".
ChluiRn .',
h't. Louis .... .'
Mlnneaprlls . .".
Knnis Cltv .. ."
DiIIik r
Sin Prnnclsin. 1!
4
4
1
i
i-
O.ertio. fptoio wi to 00 moX
1
1
1
.11,
L'n to .'0 d.iH. c
o ci (0 to HO, l9 per tent,
cent.
I 1
ll to 141 I fer r-pnt .
und 01 er IK) 3 rer
I
,p,
1
i
n
3
MH
HANK CLEARINGS
11 ink clearlnuH to I iv tonip.irrl
.orrespondhiB il.iv Iiu.t to venrs
IHI", Pitt
Philadelphia. Jll Ml, nil 2t,o r,,jss
New "Vork lui.sioiml .Ti, ,11 ;os
St txiuls . 1 1 .V.'ii. ,, II1I7SJ7
Chicago ui 71)1, 1st .(! '127 ill I
with tin
1013
fit itia Li?d
lt 71S 13 ' I
1 1,111 .11,0-;
.'i3 1Z 70
if ml- 4 1
13I.J
DIVIDENDS DECLARED
PeiinsjlvuiiH Water mid Poncr Comranr.
reg'ilar qinrtdlv 1 itrirnt pisiiblc Januari
?t t n uti. If Mt fisrtnt9.! Ilfi ntnl.aiM IT
s w ui ut, iusvi'i s- lmiuvi 4.V
Itcllanie Instirun.c I'ouitiius rrsular irnl-
iiiuiuui 1 per 11 nt. rnsuuii tic oilier
stotu oi rciord Dc.cniier 11
I I. Case Threshing Mm blue fompsnr,
reulai iiuiutcrl I '. per tint on prefcrrei '
pnjahlo J.muarv I, HUH, tu nto k of record'
Uct ember II, III.
Cniitlncntiil Con Cmunniis rrLUtur nuartcrl
1". per itnt. on pieferrid. mid P. lereentl
on coinmon, iiijniii.. jmiu irv 1 10 stocx ot
record Dciimmr 2".
AUblson, honilannti il 2' p. r ent on pr.
fcired. piablt Pebiuar 1 to Moik of record j
December .,1.
Trade Ualance $31,026,193
WASHINGTON. Dei 7 The balance ot 1
trinlo In fnvor of the I nltcd '-laiin rlurjni
Iim ivri.( nndr.,1 ni otiilinr I lit UHI V..1
lot, I'i.. the cxnorta vsero t'i(l."ill 111 uhlle ll ii
Imports nKKrei.ntt.1 ? i'r.i.l l.'i .11 I lie eipom II
of cotton during the samo nuh tnt.iiei 111 iv. ,
balei. making n total slnco Auitu.t 1 ct .
1,hst!,l)71 bales
Net aft. taxes
Octoher gross
Net
Pour months
Net
Decrenee.
12,us.-,12l
WA11ASH.
9J,nvl,7.,
. .. HUM II
gross ., ll.Oiil, III
.? I.OIT.MH
9M.1.I07
7W.(J'i2
2IM.2I5
10.', 1S2
SIOIl.-.'l
.'ll.'i. UU
427.II1S
u(14,7s.'
COITON
NEW YORK. Dec. 7. Sentiment was
bullish on the Cotton Exchange this
morning, and prices were 9 to 13 points
higher This was considered a poor start,
however, owing to tho strong market at
Liverpool, which came 11 to JtVs points
higher, or 10 points better than had been
expected Liverpool and uptown Inter
ests purchased, while the selling was scat
tered and unimportant.
)(g. cloc Open. 11 u m
January
December .
Match
May
Jull
October
12m. 2 pm.
r-'n.i wi.., 1Z.UI ijot 12 ii-
IJ.41 l.'.-n . . ....
12 SI 12 !il 12 'II 12 HI 12 tu
tim ll.l.' Ill" nit
!!!"' J.'.-Sf ,J-- ',-:, ia-i
li.tit 1.' 77 . . ....
.MINING STOCK QUOTATIONS
TDNOPAH STOCKS.
Hid
Jim ilutlcr
MafXauiaru ....
Ml In ay
MUl'.Ui Hxieuslon .
Vloiitiiua
.Sortbiru St ir
Tonoiuh llelmont ..
Tonopiti Hxleuslon
Tnuo..ih Mlnln; . .
IteMUe tula
VVebt l.llU
...1.12
... OI
. . II
. . 2S
... .Ml
. . .17
:::.!
. . .Isl
aol.DPIUI.D hTOUKS.
Atlinta
iduo nun
Ilooib ,
Ilulldog ,
(' O 1)
Combination Fra.tloii
niamondncll 1! II
D.s
Plorsltcu
(loUlncId Consolidated
fioldneld Merker
JimiLo llxtcnslon
Kessanas ,
Oro
.and Ken
allver Pick
MISCKI.I.ANKOL'S.
Palrv Altec ,
Klmberl
Nes .da Hill
Nevada Wonder
.01
.I'i
(It
.01
.07
.ot
.01
111
.1.17
. .07
. .07
. 01
. 02
.IS
.1 bO
Asked
1.1".
.117
.1(1
it
" 111
.f.j
II
.Ot
.mi
a,
is
H
is
1 .0
-i
.Oil
.00
CO
LOS
NEW YORK CURB
The Investment Market
Now and After the War
Few, if any, othir question
are of such supreme impor
tance to private investors and
officers of financial institutions
as the probable course of the
investment market after the
war.
A summary of the arguments
advanced on each side, includ
ing records and charts of the
financial markets following the
panics of twenty and forty
years ago, are given in a paper
which we believe should be
read by every one controlling
investment funds. We will
send copy on request for
Circular No. 294
William P. Bonbrigh! & Co., Inc.
MORRIS WISTAR STROUD, Jr.
Manager
437 CIIIPilM'l Mltl.Ll-
Philadelphia
New York lloaliin Hetroll
London: William V Honbrlcht . Co.
Paris: Honlirlght . Co
i
Liverpool Cotton
LlVUIlPOOU Pee. 7 (!
steady, 7bj to 11 points up.
Imludlnff OfOO Amerkan.
7 47V,d., March-April. 7.411
Jul-Au-ust. 7-'Hd
! P. in I Futures
Sales. 10,000 bales,
Januar -February,
. May-June, 7.JJJ.,
ilart Deb res Ss. 431
inil
i -v-i
NEW YORK COFFEE MARKET
NKW 'VOI!K, Uce 7. Trading was fairly
active In the market for eolfee futures todav
Prices at the cpcnlnjr were unchanged to S
points abose yesterday's finals ou sales of
2000 lass.
Today's open. Yes close.
'113 uiJOfiu m
U.U2QU.11I
.... itil.flli.ia,
u.L-sao.7a iiiussiuo
H.70fl(1.7'
fti-HjIUS ll.7-tfiU.7l
ik7oan.M a7oau.78
U.K&IIKU HS0il!2
lslil,.N-,
ail030.04 HS7SU.KI
ti.aioti.ud
December
Januaiy
Keoruary
March ...
April ...
May
June ....
July .
August
September
October
om red.
Dar Iron Advanced
PITTS-'H BOH, Dee 7 An advance of 3
to U a ton fcas been tua.de lo tto prts of
bar Iron. The omruoulty U now LU to I ha!
ctvcry to be made at tho conveniens- of ttt
Amrikaii Zinc
Hraden
Ilrlt'sh-AnKrtcan Tobacco old. .
llritl.h-Amcrlran Tolacco new.
far I Itfht
ColdHeld Coneolioated ...... . .
He:' 'Ice Manufactures
Interuattonal Marine
lntun.itlon.il Marine pref
I-hltli Valley Coal Hales
Mantua L'.-vir
Mltvale
Nil U.lllK
Otis i:ievulor
Otis Kl'vutor pret
I'enu Mar Ord
HlkLr-lleaemau
blerllni: Hum
bubmarlno
Tolacio Pro.luc.ta
United Profit novs
World Kllm
Yukon Hold
Hid Asked
tali Tin,
lit
; IV-
, TU
; -J,'"
, IT
(HI
80
17
T
tI4
112
M
31
J
Kl'.
ni
,T25'
13V,
hi
in
if
BAR SILVER
LONDON. Dee. 7. The quotation for com
mercial bar sllter declined V today to 2tt"-l(l
pence.
In New York the price of bar silver was
50',, cents, with Mexican dollars at 41 cents.
Tax Frte in Pennsylvania
Penna. R. R. Cons. VAs
I1UK Ali. 1. 1300
Particulars on application.
A. B. LEACH & CO.
115 South Fourth Street
Philadelphia
School Dislricl 4 Bond
$15,000 Due 1931
20,000 Due 1935
PI! I LPS '111 1LI.I
3.95
Free of Penna. State Tax
Harper & Turner
Investment Bankers
OITiresi 1000-1012
STOCK Kt'llMiK IIUIIUIMI
I'hlladelplila
PltOPOSAIS
JIAILIIOIU
n.,,1.- .,& W'wVI V 4 V f V
I., -.'-"". r;. i
tlJJ...4."S4 .. .. L ., . fi
to tho AOOllsomtu. -.
L-ncoinu. "-
Work
(trade
appurtenant
Crossings on
tllsl
'beoisd proposals for the work under UJ j
following coniracc win oe r.s.i -- liDj
otllte of tno uiiio; engineer '""'" Vui.J
Ilroad Street btatlon, Philadelphia, "" 1
Uerember 17. 1913. at IS o'lo.U """"-.-.es-J
Vl: CONTIIACT NO. I POltCI fcLIE
AVENUE I'AbSK.MIUIt siajiui ---Jij(
INtJ AND IlAlbING PHEbUNT STU-
Ul.n. ,n,.ln,alln,u ., t, ,1 lillltllf foriAS I.0"
bidding' may La obtained at the office ' ',,,
Chief Engineer, lloom C07. JJroad "" -,
'a,lon .i..nl4l
The right Is reserved by the at?ljS3k
Ilaliroad company ts. reject any -
A. C. bllANP. M
E. B. TEMPLE. Cblef tins".--
Assistant Chief Engineer
IlIECTORVorACCOCNTANTli
Cerlliled I'ublle Arrauatanls
....-V,v,,Nl-u BKOWN si CO.
1M" KBAL E3TATE- TRUaf nUlLDISO.
BURfB A. SPEAKUAN
TOs llourss.
DIS THE UKPAItTJIKNT OP TUB JPB-j
iiivr.u vuii re.eue uu lor "yf"nmers
101U. ScbeduU ou tlla In Coroner y i
and can be examined any dav b'"' "a
nnd 3 o clock AH bids must be "le, jjl
f'llacL jHHiu. . ...-,
JUHbTtl A "."Wi,
Caitl )
'I fell I .T-jnlMMt - .
it
ftdptfOTldj
m