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14
EVENING LEDGER-PHILADELPHIA, TUESDAY. NOVEMBER 14, 191G
FINANCIAL NEWS
u
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TONE OF MARKET IS CONFUSING;
WIDE GAINS IN SOME SPECIALTIES
O ... I .... i. in "
New York Air Brake Advances More Than Eleven Points.
Coppers Start Strong but Meet Realizing Amer
ican Linseed Preferred Drops
' NEW YOItK, Nov. 14.
The market tone was confused throughout the day, n weak openltiK being
followed by vigorous gains In many Issues, after whlfch there wni n sharp drive
on which somo stocks fell from 1 to C points, but while tlipso movements wero In
progress specialties nnd many groups of stocks made gains rnnglng from 1 to
more than 10 points. No ono seemed to he nblo to define tho trend of tho
market, with incentives In each stock conflicting with the basis of operations In
others.
Tho greatest advance was made In New York Air tlrake. which rose more
than 11 points to 171i, whllo Atlantic, llulf and West Indies roso C points to
121, and Gulf States Steel made an advanco of C4 points to U0.
Central Leather ranged from 102H to 1094. with reports of poot liquidation
being followed by predictions of extra dividends. Tho motor stocks camo Into
prominence In tho lato trading when vigorous buying appeared In Maxwell
Motors, which advanced more than 7 points, with gains of nround 3 to A points
In Studcbakcr and Willys-Overland.
United States Steel common attracted little nttentlon, with mixed trading,
but showed a firm tone and after frequent variation In movements ros.o o above
122. Tho copper stocks wero strong at tho start, but met realizing nnd showed
little net chango nt the end of tho day.
Both tho marlno Issues wero active nnd strong, making gnlns of nround 3
points. Tho weakest feature was American Linseed preferred, which fell nearly
9 points following the announcement of tho declaration of dividends nt tho rnto
of 3 per cent per annum. Hoom traders and somo outside operators had
recently been heavy buyers on what they considered to bo positive information
that tho dividend rate would bo fixed nt 7 per cent.
Railroad stocks were In supply nt moderate concessions during tho greater
part of tho day, with Rock Island an exception to tho general heavy tone
because of statements that the reorganization plan would bo Issued after tho close.
New York Stock Sales
Lust clone. Illih. tow. Clo.
Atlr Itiimrtr 10 1ft 10 10
AJax nubbor 74 74 1 73 U
Ala-Its Oold M 12 12 12 12
Ala-ka J Hold M 7 7 7 7
Allh-fhalmrrl Mfe . . . . .11 H'.'Ji .ll'l .11!
Aliu-CIMI .Mfg !r SS WH N Kli
M'i K v
. 02" (
114
. fi'.l'i
. Oil
A firmer tono was shown In the bond department, with Lackawanna Steel 5s
traded In on a large scale and making a substantial gain. Hock Island Issues wero
rtlso heavily traded in, with the Cs advancing from C" to OS. American
Smelters Securities 6s advanced from 112 to 113 and Chill Copper Gs wero
among the strongest features In the lato trading, moving up from 12S to 131VS.
. (!
. ir.
.. 4ii
. lll'i 117
.n.v, in
.Mil
.. (1,1
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..IIS 122
.. M'i .
. . lOrtJi 107
. Nlj hit's
.. 7o! "li
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Spot Copper 32 'j Cents in New York; Boston ,13 Cents
NEW YORK, Nov. 14. Spot copper has sold nt 32H cents a pound, a new
high record price. This Is an advance of one-quarter of a. cent a pound over
yesterday's quotation. Dealers who havo nny spot copper on hand are holding it
lor 33 cents a pound. In Boston a largo Industrial concern paid 33 cents a pound
for the spot metal.
COTTON SCORES NEW
HIGH RECORDS AGAIN
Consumption Report, Frosts and
Strong Cables Are Responsible
for Big Advances
New York Bond Sales
cottox nr.ir wiathi:r conditions
NEW VOHK. Nov. U. Kllllnc frcti urr
Kportrd In southern Trias. Arknnui nnd
tulftlana. It Is much cnldrr In the western
section of the cotton belt, hut norm il tfm
peraturvs iirrvull throughout the KuMcrti
btnte. rrrrlplUtlott It cenrrnl.
The follonlnc tniinrriiture were repnrteil:
Oklahoma City. 14i Alillrne. Ml Fort fcmllli.
201 I.lttle Kock. 31) Mrmnhli. Sun Antonio
and Nnshrlile. S8t Del Kin, 30i Mirririmrt
and Vlcksbunc. 3?i Corpus Chrlstl. 3ti
Knoxvllle nnd Chnttunooltu. 3Ki liaUetnn
and Illrmlnrham. -IOi Montcomrry nnd Mo
bile, fi'i Atlnntri nml Nnlitllle. o3i New
Orleans, SSi Tnmpn. OOi llaleltth. 'Jt Muroii
and Thomnmllle, (Hi I'eniacnltt, ") llmlnxtnn
and fhnrleiitnn. Oil! Savannah und Augusta,
8i Jnrkkomlll?. 70.
There ri .01 Inrh of nrerlnltatlon nt
ThomnTlIlei . Inch nt Atlanta. Cornu'.
fhrlstl. Oaleton. Oklahoma t'ltv nml
l'ensacolat .04 Inch nt I.lttle Kock nml
Meridian! .00 Inch nt s-hretruort, Del Illo
and Nalivlllei .10 Inch at Aklirtillr. Ivnox
Tllle and Mobile .IS Inch nt ltlrmlneliunil
.14 Inch at San Antonloi .20 Inch nt Jack
sonville, and .4ft Inch at Chattunoogn.
NEW YOItK. Nov. 14. Cotton advanced
Into new high ground at the opening this
morning. There was a good general de
mand, with spot interests and Important
commission houses the leaders. The supply
came from southern interests. Liverpool
and Wall street.
At the start prices were up ten to twenty
live points. Business was larger than In
many previous days. The Government re
port on the consumption In October showed
a larger total than had been looked for.
and this fact combined with killing frosts
In the southwest nnd the very favorable
Liverpool cables, was responsible, for the
early strength.
Naturally the higher prices caused profit
taking after the call, but. although the
offerings increased there was no let-up in
the demand, and by the end of the first fif
teen minutes prices had advanced two to
fivo points further. May selling at :oii
Apprehensions that the reported action
of the British Go eminent In requisitioning
all British steamer room for grain and
metals would restrict the export movement
of cotton, leading to un advance In rates and
further widening of differences between
New York and Liverpool, probably accounted
for some early selling.
A reaction of 8 to 10 points was fol
lowed by renewed firmness toward the
middle of the morning. March and later
deliveries made new high reconls after 11
o'clock with active months selling ubout
20 to 23 points net higher. '
After the advance of about 20 to 23 point
from last night's clpslng figures, the mar
ket turned slightly easier after midday.
Ycat. close. Open. 11 a.m. 12 m. 2 p m.
December ....lu.tm In. ml m.b.'i lu.M 11. 7
January tu.7:i lu.nr. In. nii lii.nn In. mi
March 1U.73 iu.OJ nu.iil uii.ii.". yii.ns
May vti.tiii sn.l'ii I'O.ID ao.ss jo t'l
July i'O.oil v. '-0
Spot 1U.4U
Liverpool Cotton
LlVEItPOOL, Nov. 14. There was a fair
business doing In spot cotton today, and
prices were 19 points higher, on the ha'sU
of J1.6Sd for mid-upland. The sales aggre
gated 8000 bales, Including fcUOO bales
American. The Imports were 66,000 bales.
Including 60.000 bales. American. Tho mar
ket for futures closed Arm at a net advance
of 22rj2S points,
77
rv r.s ton
111114
HUh.
Conn Adams nxires la rCiH
litMit) Alaa Hold iv Ha Ser A Ml
tnimii Amcr Agr dvb .", 101
3.VIIHHI Aiuiiu-Krtnch ."t .. . VTi
r.noim Atuer Kor Sou ."
1543011 Amtx Smelt Sec lis ..114
liion Amcr Tel clt In Iiv:'
."nil io cU !'? lrj1,
JTniiii Amer Writ f'.iper Ss.. ''-
l'.'.Mio AtrUaon ndl li so",
ltnm do rv .". 1017 nil
r.nnn Halt i.- Ohio 3'3 1)4
3IMI0 do .Is ltll'.i
II i inn do 4s H2S
limitl do cv 4'ia ."
lnnn Ileth Sloel 1st 3 104
limn do rid r.H ItttH
llilHI IlrooklMl City Int Ha .1IC
1. 1 ii in llrnok Han Tr us ml
"lino do 5s 11I1H ltll
7IHIO dill Gov 3s llll'U 1110
31UOII do 11131 lmi'-i
1MIIII) Out leather 1st fis. . .111:1'
2275IIU Chill Copper 7s 1314
..111111 Clli-8 t ualn I'ri H 11.1
1141100 do ronv 5s '.HI
1JIMIII do 5s rctc 101
iMinit Chi & Alton :i'e r,5'4
L'litlll Chi tit VSt t iI1
4000 : II & Q Joint 4s ""i
noil Chl lnd & W Is
lnnn Oil Mil i- St I
!IMIHI ,ln rv 4Uh. .
mono Chl aui' rfd 4s... 7k1?
lL'Toiiil do 5s tioH
llnooo do 5s c! ono sta,. O.'-s
h'Jjiiu City ot Paris lis n.x
3IHMI Cotni Tnl Heo Co t'.s.. S7
4HOO Con tlas conv ts ....1-5'?
13000 Dis S.-c Corn 5s .... 7'J1?
10011 Urlo Ken Is 74Jj
loiinll do c-onv 4s Ser D.. N5
mono nu.i & Man rro s.
20000 111 .SU'tl deb I'-jH..
1'ono 111 Cent 4a 1 0.". 1...
1400(1 Interb .Met l's. . .
21IIOO lntorb H T ref 3s. .
I530OO Inter Mit Mur tls...
looo Intern! I'apr lis...
2IMHI Jap new 11 S 448.
i'lllMI do 44 s
lnnn Kun Cltv So 5h....
"IIOII l.ex S: U 5s
14IIIUI l.arka Stei-I 5s lU'J.t. . loo'
lM'.nnn l.aeka Sfel 5s ltl.MI. .1113
.-.0110 ljyh Val ot N V 4'js 1II1S
7000 l.lit t M T Sa lliaVj
7000 Lorlllard 7s 1204
12IIOO Minn & St I. 5s 110
1000 Minn St 1' 8 S M 4a.. '.H
r.ono M K Sr T 1st Is 7N'
10000 do rfd 4a H3H
301100 do 53 711
5IHIO Mi) l'.ic 4s H7S
50011 do ."s 1U2H col it.. 11"!
12001 Mont 1'ouer 5a loo
2000 Nnt Tulw 5a ID'.'
looo N V Air llruke cvt-Os.loil
20IIIHO N Y C & II Ha ll.Tj
11000 do 4s ! -"-j
lonno .In I'ji Sl.Tn
linoil do con Is N'1
2O0O0 N V City I'is ltis
1 mil ii l do 44s 1011 1 1o4i
liiimil N VCih H S. I' 5a lnl'.
Mlfin N V N II & II lis 112'i
1000 N V Stale 4?B Sll
lnnn Norf & Wcsl Is Ill'a
1000 do dlv 4s I2
l.Miiio Nor l'jt- prior 4s 01
llinnn 1'arlfli- Tel 5s Illl'k
lllllll 1'enn.i 4s 1!IS HOW
r.iinii do en 4!?s . . . 105.
soon Thlls Co i-onv 5s 1022 O.T-J
llono Iteadlna Ken 4s !I3
2000 Hep I ft H 3s inn'.
lllllll Itlo U & W 1st 4s . .. SO
11OI1O St I, I M H sen As 10.14
Low.
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114
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Am Ar Chemical
Am An Cfiem pf
Am Ileet Sugar
Art Can
Am Can pf
Am Car A Kdy
Am Hide .V Leather..
Am llldii & I, pf
Am l.llwod
Am t.lnwd pf
Am licomotlve
Am Malt C'orn'n ft ..
Am Smelt .S. Itef
Am Smelt & 11 pf
Am StiE.ir llcflnlns. ..
Am Steel Foundries. .
Am Til A Tel
Am WooJen
Am Writing 1' pf
Am Zinc I & Mm
Am 7. I. A M pf
Anaconda Cop M. . ..
Atrh Top Is, SK
Alch T A S V pf
All Coat Line
Ad (lulf A W 1
Ilald I-oco Wks
llald I-oco Wks pf . .
Halt A Ohio
Il.ilt A Ohio pf
Ilarrelt Co
llrooldyn Union Cai.
llutte A Superior
Cal Petroleum
Canadian Pacific
Central Leather
Chandler Motor
Ch"j A Ohio
Chlcaao Great West. .
Chl (ireat West pf. ..
Chl Mil A St V
Chl Mil A St 1'pf. ..
Continental Can
Col (ias A Klec
Chl II 1 A Pac
Chile Copper
Chlno Copper
Col Fuel A Iron
Compt T Hi Co
Consolidated Gas. . ..
Com Products Itef. . .
Corn Prod Hef pf
Crucible Steel
Crucible Steel ft
Cuba Cano Suear. . .
Cuha Cano Sugar pf
Del Lack A Wes. ..
Denver A Itlo Gr pf
Distill Sec Corp'n. ..
Erie
Krlo 1st pf
Krle 2d pf
General Electric
General Motors rf. .
Goodrich II F 0!)
Goodrich II F pf 111!.'
Granhy Consol ll'.l
Great Northern pf 1171a
G N cfs for ore prop .13
Greene-Cananea
Gulf States Steel
Gulf States Steel 2d pf
Insp Con Cop
Int Acrlcultuial
Int Harv Corp'n
Int Con Cor V t c sh. .
Int Paper
Int Papjr pf
Int Nick v t ch. ..
liii'i 101H ion, inns
NX) 1021f 100), 102'
m
111
70
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p:t
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117
11
CONSTANT VARIATION
IN TRADING ON CURB
Oil Stocks Continue Exception
ally Strong New Chalmers
Motor Shares Advance
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Financial Briefs
The New York Subtreaaury gained 985,
000 from the bank yesterday, maklne a
cash net sain since Friday of H. 732. 000.
Oold coin to the amount of $100,000 has
been withdrawn from the New York Sub
treasury for shipment to South America.
The New York Stock Exchange haa
stricken from list American Drake. Shoe
Foundry Company's certificates of deposit
for preferred and common stocks.
The Baldwin Locomotive Works has re
ceived orders for the following locomotives:
Two 3-10-2 type for Chicago, St. Paul,
Minneapolis and Omaha Railway ; one Con
solidation type for Nevada Northern Hall
way ; five 0-6-0 type and twenty Pacific
type for Atlantic Coast Line ; sixteen Santa
Y typo for Up Ion. Pacific System.
NEW yORK BUTTER AND EGGS
14. nUTTEIt IUc!pta.
1 asaln hlsher. Market
tbroiuFhoait. Extra creamery. KaHei
Kortns, ftlOSUises Htata dairy. 374 W
2BFZ
!Ei
ttatlon creamery, 82 U 33c.
Kiipia. pvaa uses.
Krsah pkki fin.
id hlchtr. Iltfrbterator. 31 Hi
llimc, wliU tKKa. 65tr7Ui tirowo
ectlve and hlchtr. IUfruerator.
srais, ,vomv. ifHHt raas. oavi
V9Cf otnar sraica unuuanseo.
J ,
LIVE STPCK QUOTATIONS
Nov. H. HOGS HcelDt,. 88.000
; atnaar, Muni and butcbtra. 111.30
Mcalpts 18,000 hads market
ewar. aKtvc. n.25wl2, cow
tJ.Ui aiucKera and leaders.
VT,)?.MI1 ulvta, IUQ
iffsmH-iyr.iii
111111111 sit r. & S 1-' izpn 5n. . . . 103
50IHMI da ajs w I 0
32000 du In w 1 13
minimi da ht A w 1 ". 724
f 000 rtn tier II w I MI1
looo Htamlanl fla Ha I'll
-toon Huuth 1'Ji" 4 HHl
Ulliiil do rv la ,HST
Kimiio tin rv rftr i 5s.... 1034
7000 Bnulh l'ne Tirm 5. . . ST
r.Oilll South Itny Bi'n Is ill
lldOll do rim 5s ...1024
21100 Ti'tiiB Co cv Ha 10-
500 Third A"9 rrf 4s Ml",
lllllll Vtah Pi'Wi-r 5 flit
29300 U S PtPel S V 5s 10IIH
li'Jiinn I' K of U II A I 5 DH 1.1-til
ltn.io ITnlon H.ik & I" 5s... 034
20'KI I'iiIpii Pl" lt 4s ru
ir.ii.'io I'n H'vva H !' -Is aiij,
..,... ... , -.. tin.
;,.,. ... , it- f ,... ...
30IH) Wftlias1! 2d 5a..
1200(1 West !'!" trie- "s.
r.Oilll West Mil 1st Is.,
lllllll t S'lori 4s . .
3000 West Union I'd a
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NRW YORK, Nov. 14 Thero wns n
conatnnt variation In the market tono nnd
prlco movement on tho nrond Street Curb,
tho oil stocks continuing exceptionally
Mronf?. with n further substantial ndvnnco
In Standard Oil of New Jersey. The Inde
pendent oil stocks wero IrreKiilar, Vacuum
OH nnd Wyoming Oil ninUInc moderate
KalnK, while some of tho other Issues
allowed Plight losses.
In the motor stocks the new Chalmers
Motor, when issued, was the most promi
nent feature, advancing from 34 to 3f. Mid
vale Steel, after spiling at 60H. reacted to
09 '4. nnd Submarine Iloat. after losing
about one point, recovered Its loss.
Similar changes, Including rallies and re
actions, were noted all through tho nctlve
list, but with the majority of stocka sell
Ing at moderate concessions nt tho end of
tho day.
Uutte Copper nnd Zinc was ono of the
weak features, falling from 19 to J 7 -?i . Cos
den & Co. ex dividend was quoted nt 17
017.
Magma was tho strongest of the mining
stocks, ndvnnclng to 55 '.4.
IMDUSTnlALS
nid.
Atna Exrlnilvea ,n'i
Am-nrit JirK
Am Marroiil
Canadian t'r Co
Canadian Car ft Foundry pref.
Chevrolet Motors
Sales in Philadelphia
Curtlsa Aeroplane
Kmerson I'tionoKrarh
Haskell llarker Car ....
llendee Mr
Kathodlon Ilrnnxe pref ....
Laurel oil ft Oil,
Maulm Munitions
Manhatan Trans
Mldvnla Steel
Otis Elevator
Peerless Motors
Poole Knalne
S S Kresire w I
Standard Motora
Submarine
Trl-inale Film . . . ."
t'nlted Motora
Cnlted rrndt Sharlne
(' B 1, t II com
do pref
World Film
STANDAItD Oil,
in
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. 40
. II.-.
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. 15
. 12
. 41
. 23
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Int M M pf cot dp....llt14i 11S5 1151a US
Sign Rock Island IMan
NKW YOMK. Nov. 14. The Hock Island
reorganization plan, drawn by representa
tives of stockholders and debenture bond
holders, was signed today, the reorganiza
tion committee announced. Details will lie
made public Wednesday. It Is said the
plan Is similar to one agreed upon during
the summer.
American Linseed Resumes Dividends
The American Mnseed OH Company dur
ing the year ended September 30 had gross
earnings of $2,847,484, an Increase of 1328.
017 over the previous year. The net In
creased (418,675 to tl.500.330. The surplus,
after chnrges, was $1,176,817, a gain of
$469,187, and equal to 8,81 per cent on the
$16,750,000 preferred stock outstanding.
The company has declared n dividend of 1 ti
per cent on the preferred Btock, payable
January t to stock of record December 15,
and a dividend of 1W per cent payable July
1 to stock ot record June 15. This Is the
.first dividend declaration since 1900,
Kan City Southern 20)a
Kcnnecott Conner 5.4
Kelly Sprlne Tire 75
Lack Steel Co IViJj
Lake Erie & W pf 4J
Lehigh Valley S1H
Loose-Wiles Hlscult 23),
Louis &'Nash 134! a
Maxwell Motors 72
Maxwell Motors 1st pf
Maxwell Motors 2d pf.
May Dept Stores
Mex Petroleum
Mex Petroleum pf
Miami Copper
Minn St L new
Minn St 1" &. S S M...-.
Mo Iac w I
Missouri I'ac tr cfs
Mo Kan & Texas
Mo Kan & Texas pf
Montana Toner
Nat Enam & S Co
Nat Lead Co
Nat Hys Mex 2d pf
Nev Con Cop
New York Air brake.
New York Central. . .
N Y Chl & St I
N Y N II & II
SVOi West
Norfolk & Western. ..
Nova Scotia S & a...
Northern Pacific
Ohio Cities Gas S74
Pacific Mall 25
Pan-Am I'et & T pf 117! i
Penn Hailroad 57
People's (ias Chi Ill
Philadelphia Co 11! i
l'ltts Coal c of dp -10',
l'itfs Coal pf c of dp. ...10S
Pitts C C & St L SO
Pressed Steel Car 7SJ
Pub S Corp'n N J
Ky Steel Springs 53 a
Hay con copper 34
lteadliic
lteimbllc Iron Ic S....
Itepubiic I s ,i B ii.'a
Snat Ariz Cop 321,
Sears. Hoe A Co pf 12(1
Mos-Shcf S & 1 90
Southern Pacific 1004
21H 20' a
50)i 55),
70! a 70
OS), 05.'i
50 i 60
S2?i 804'
224
1334
79)a
S3!a
514
70,4
10S.4
95) a
434
32)a
122
2(1
133
73
SOU
IS
OH
105a 10S
95
UK
32! i
122
25'f
03
71
18
97)3
:b
US
li
28
. S2.4
49! i
. 70
.105
. 90
414
. 33
.122
. 2f!'
. 10
. 7)4'
. IS
. 9S
. 32'i
. 07
0
.100! i 17
.107
. 43
. 59! i 59,4
. 29i 29,4
.141 111
.114 111
,110'f 111
. S7'a UO'j
. -. '.';
99
111
41)a
42.4
100),
HI
70)5
.132.4 132.4 132',
54
344
100, 1074
KHi S4J
!04
504
7U
97.4
50
82.4
22),
1334
79
KIM
51 J.
70'
i'i
17!'
97
32
00H
0
27) a
1624'
1074 1004
43,4 434
5SJ,
194
15
43
324'
122
254'
95,
7,4
IS
97JS
33
OS
t)
27Jf
172
107
434
5S.4
29!
Illinois
Ohio
I'rnlrl" Pipe
S o of California
S O ot New Jersey
S O of New York
oTitrcn on
Coden Oil
Cosden A Co
International Petrol ....
Houston oil
Midwest Pennine
Kapuipa
STOCKS
2211
310
302
3.13
IT2
242
STOCKS
mi
17
in;
17
74
Heflnlnir 04
MtNMN-O STOCKS
Atlanta .J
Iturte Copper & Zinc 174
llutte New York 24
Cerro de Paseo 43
first National 44
Florence- (loldfleld 30
Ooldfleld Mercer
ltecla Mlnlne 8
Howe Sound 34
Jim Butler OS
Jnmlm Extension 31
McKlnley Darrnch RS
Muma Copper 33
Mines Co or America 2
Nlplssine
Kin Tnv
St Joseph I.ead . .
West l:nd Con . .
White Oaks
Cerro fis
Mldvala .'.s
Kusslan 04 a ..
V i. .i'i a ;i-year
&'a ii-year
do
,7..
. . 20'i
.. 77
.. 4
..121
. . I'HU
..100
.. 081
AH',
fit)
234
ins
134
s
"..
'-"4
2
m
24
n
14
SIR
3N3
3DR
an i
090
211
174
H4
en
7rt
10
in
lH..
21
434
33
s
4
inn
33
no
1
ln.,
20i
80
44
123 4.
lnnC
no'I
us4
RAILROAD EARNINGS
SOUTIIRUN RAIIAVAT STSTEM
SOUTIIEHN RAILWAY
1010. Increase.
week November.. Sl.fiA7.Hlin 12im),77ii
From July 1 27.241.10U 3.215
ALAI1AMA GREAT SOUTHERN
750
First week November..
From July 1
1111.034
2.063,003
SH.BB3
259.40P
CINCINNATI. NEW ORLEANS AND TEXAS
PACIFIC
$230,744 J28.H9
4,150.005 0on.2U2
First week November
From July 1
GEORGIA SOUTHERN AND FLORIDA
First week November. . t,',7.017 $7,701
From July 1 U40.853 122.472
M0HILE AND OHIO
First week November.. 1220,41)8 121,512
From July 1 4,215.331 183,047
CHICAGO GREAT WESTERN
First week November.. 1313.105 117.B7S
From July 1 0.00II.04S 7B7.8SO
Decrease.
1 39) a 139)a
141 114
110 1104
SOU fe'JU
244
97)a
504
HI
414
414
1004 1005
81)4 S2
7S 79.4
132.4
0.14 o,t;
334 34
U5), lOGJi
Slii S3
1154 1154
324 33
97),
5fij;
111
414
424
Brewers Pay Back Dividends
PITTSBURGH, Nov. 14. The Pittsburgh
Brewing Company hns declared nn extra
dividend of Vt of ono per cent on account
of back dividends In addition to the reg
ular quarterly dividend of li per cent on
tho preferred stock, payable November 29
to holders of record November 20.
Casting Copper Sells at Advance
NEW YOrtK, Nov. 14. A sale of a sub
stantial block of casting copper has been
made at 30c a pound. The delivery is to be
made in February of next year. Only a
few days ago casting copper sold nt 29c a
pound for a comparatively nearby delivery,
understood to have been early next month.
115'
334
120)4 120)i 120)i
SI
100J,"
274
07,4'
23
48
127
112
1M,
51
10i
S9
'9,4
204
07
22
48
123H 125
112 -112
IS
50)$
14.4
8-1,4
SO,
204
07
23
IS
12S)i 121
IS4 0S!i
29 29
13! i 12H
25), 25
00 59
1114 111.',
744 74
1234 120U
1214 121),
lla
II
51
11!,
514'
2S!,
101,4
Ot
MH
:i
5-U,
37f
100
51
IS
51
15
89
122,4
VHH
Southern lty 27
southern lty pf 071a
St I- &S K 'l 22Ji
St Louis Sonthwest pf... 48 j
4-tudebaker Co 124
Studchaker Co pf Ill);
Texas Pacific IS
Third Avenue 50.4
Union llag S. Paper 1 Da
Union lias & l'air pf. . 83
Union Ilae & P new 113
United Clsar Stores OSJa
United Fruit 100,'a 103U 100U 103i
Union Pacific 1474 1171a i40U 147
U S lnd Alcohol 135.4 139a 130
U b Itcalty 6: Imp 29),
United Hys Inv Id
United IIyi Inv pf 24
U S llubber 595,
U S HuliU-r 1st pf 112
U S &ni It & M 73,4
U Sr.iw.-I Corp'n 120),
US Steel Corp'n pf. ...1214
Utan Coppir Ils4 120
Va-Caro I'hem lt'j 4l!a
Va Iron Coal & C 52 59);
Waboih 15)f 15
Wabasil pf A 55'', 5"'
Wabash pf U 2u. -9j
Velern Union Tel 1014' lull.
West E .V M 04 OD,
Wctern Mar land 265i 26),
Wheel & I, K 1st pf.... 4 3)1
Wbltu Motor 55 55
Wliljs Overland ST'A Mil
Will Overland pf KX) 101
Wisconsin Central Mli 51
WoolvvurtuPW 1XS1, VMi 13SH li8)j
Ex dUWtnJ National HUcult preferred, 14
per cent.
13'J
29
13)4
25)i
59)i
1114
744
123
1214
119),
41
57 )a
144
5..;,
294
U14
1,1
20),
3)4
55
3S
101
51
Big Gold Shipmejit to Argentina
NEW YOrtK, Nov. H.-rGold coin to
the amount of 12,600,000 has been with
drawn from the Subtreasury for shipment
to Argentine.
Sugar Futures Easier
NKW YORK, Nov, 14. Sugar futuni
opened unchanged to a decline of 6 points
today, with sales on the call 900 tons.
The easier feeling around the ring was
due to, tho probability of a lower market
for raw sugar.
'."s. .
Granulated Sugar Prices
NEW YORK. Nor. U The Federal to.
day quoted 7 76c for fins granulated sugar,
while all the other refiners asked 7.60c. The
last sals In spot Cuba raws was niyininjsi!
M S..
,MAi
)
Wheat at Liverpool
klVKRPOOL, Nov. 14. Spot wheat was
steady today, with No, 1. northern Uuluth
quoted at 13s 9d, unchanged; No. 2 hard
wlntor ISs 2d, an advance of l'.d; No, 1
northern Manitoba 16s, a gain of Id; No. 2
northern Manitoba ISs S'.jj'd and No. 3
northern Manitoba Us 6H3( an upturn of
Mi. The stock of No. 2 western winter It
exhausted. Corn was steady at an advance
of 2d, with American mixed and plate
quoted at 12s 8d.
59s Cd.
Klour was unchanged at
NOTICK OF MKKT1NU TO ISSUE
IAr,IUIIUdl DlUl,lk
KOTKB 18 iiU-ltt-lif UIVI..N that on the 13lb
da ot Drituibrr, lUlli. at IU a. in., the Stuck.
LUJII Ail f WiVV
lvanta. will hold i
c of a&ld Comoany.
9 oaniooi
&
. & corDoratlon of
titata of l'eitniylvan.a. will hold a mctfnr
il omc
I ha rvrlni'lii;
North American liulMlnr. . Hrpad
t..
at SI
ia mna Hftninr
s .L .1.. UklU.l.hl. . t, ..
in i urn uij w iiHBUf iiii, wi m vur
nf raonaldrlnf th advisability Of laaulnz
prUrrd atock of tha aald corporation ip tba
araount of Twanty Tboutand Dollara (120.000)
Lmjq atoca 11 a iutvrtr in m
sxd to Isiaua ilia ai
USUt ot tit atockUoldira aha U wwynt if(
aUwatary.
Voting Trusts
A brief discussion of the pur
poses and operation of Voting
Trusts is included in our
November Circular
The circular also describes
many desirable bonds, offering
Investment Income
Ranging From 4Ys to
Over 6
Copltt will be furntshtd on rtvutat
Edward B.Smith &Co
CiiBLisnrD 1802.
BANKERS
Ifembrra ,Vu Vorfe nnd
rMIodflr-Ma Stock Bzchanott
1411 CnrsrNCT 8t., Pnii.iDr.Lrin
SO Pink Sheet New Yobk
lllsh.
20 Acme T t o en
2S do tcpfd 0S
400 Allls Chnl. Sl
100 Amer Mill, 7
2 Am llys pf 07 H
200 nnld Ico. 1.114
0 II A S t c. Ot
13.1 do pfd. . 1)0
100 Ches A O. flit If,
A Catnwlssn
11 pfd.. (12 Vi
J 2d pfd . . ft2 14
18.1 r.lco Stor. floij,
IS Clen Asp pf 72
AO Int M M ct 44
' flO do pfd ..1 1ST.
no II & II T.. IS
It Ins Co X A 27
S20 Ky Sec pf. s.t
100 Kenne Cop BOVi
mo I.k Sup Crp 20
so l,ch Nav .. !"!(
S7.1 l.elt Val .. SI 14
24 I.eh Vnl Tr 21
00 do pfd . . 42t)i
ino Miami fop 4214
0 Mlnehllt .. 67V4
lioo Nev Ton. 2H
12 North I'n. 0.114
420 I'enna II 11 7
111 Pa Salt M 90
20 IMilla Co.. 4114
1S.1 do cum pf 4014
7I l'hlla Klec 2D14
17211 TltT tr cfs 2!Ki
1 10 Phlla Trnc so
20 l'r Steel C 70
SIS Hay Cons. 3114
100 Heading. . .10014
US Ton Bel. .. 44
4(10 Ton Mill. . Old
207 t'nlon Trnc 47"ii
17.1 Un O Imp. 0114
IS L'n C K J.220
770S IJ S Steel. 123
fi Wcstmor C so
20S4 Cramp & S 02
20 York Hy pf 3014
J-ovr.
00
OSH
SI
7
0714
ASH
01
no
004
Net
c-rme.
Close.
n
OS
SIM,
7
0714
S3 14
01
no
noti,
mi
r.5',4
0014
72
41
1
H
W
( 1
T4
2',
B214 li
0014
14
43
1184 lts'i, 2i
14
72
44
13
27
S3
ftflVi
25
SOU
80"
21
4214
4214
0714
2?
0314
ni
OOlfc
4114
40
20W.
2314
SO
"0
3t
mnii
4
n
47V,
01
22S-i,
120
80
83
3014
13
27
S3
30 Va
14
2314 "4
SI
Th
80 114
21
42-i
4214
3714
2714
li
"i
4 111
14
0314 4
noifc
0014 "'
1114
40
20 li
2014
80
70
1
14
',4
4 14,
4
CRAMP SHIPBUILDING STOCK GOES
UP 7 POINTS ON LOCAL EXCHANGE
All of Gain, Which Is Made to the Accompaniment of
Various Rumors, Is Not Held to the Ulose-Rapid
Transit Certificates Moat Active
34
10014 Hi
4
014
4714 4 14
01 1
220 41
123 4214
80
on 43
3014
When Cramp Khlplitilldlnc stock advanced
7 points In the IradlnR on the Philadelphia
Stock KTchnnKO to 92 this afternoon, the
lilKhest point of the year. It Kave the Street
something new to talk nliout. All of the
ndvanco vvns not held to tho close, how
ever. Kales, which were assumed to be
pront-lnklnc, causing a loss of 4 polntH
from the best.
IluvlnR of the stock vvns good. A large
majority of it was for New York Interests,
nlthough local people who are Interested In
tho company's affairs were also prominent
In tho mntket. While there was nothing
definite to nrrount for the sharp ndvnnce
of the stock there were plenty of rumors
In circulation.
These rumors ran from buying for rep
resentation on the board by New York In
terests to the refinancing plnn which the
company's directors now havo under con
sideration, nnd It vvns said that this plan
would cnll for the Issuance of preferred
stock. Kor the last fiscal year the earnings
of the company were about $18 n share nnd
the general expectation Is that tho return
this year will be nround $25 a share.
While Philadelphia Itapld Transit trust
certificates continued by far the most nctlve
throughout the day. the price movemM
was over a narrow course, being a frsctln.
under nnd n fraction above the close of v
terday quite n number of times durlns- i.
day. The closo vvns n trifle higher nil
wnrd of 16,000 shares came out XothiiT
new was heard with regard to the com
pany's affairs, except that there was s m-'
confident belief that n favorable agree.!!
will be reached with the city very w
nnd that the last dividend, which was i
dared In September, was meant to U ."
semiannual payment.
as tar ns activity was concerned Ijiv.
Superior Corporation stock came In i.
quite n llttlo nttentlon, but the movement
In tills stock. Inn. Mr ... "'.m,n' '
of 1 point vvns made by American Mini.
The October earnings statement e I?: H
Keystone Telephono Company showed .
contlnilat'on of good earnings. The rn.
for tho month was $124,174, an lncre.il
of $0060. nnd tho net was 161,879, a gain
$6399. Tho net surplus was $34,409 an I.
crease of $4873. . . an Is,
For tho ten months of the fiscal vet 4
gross earnings were $1,211,618, nn lncreai 4
or j;,--i i ;
net si
!82.247; net $599,760. Increase $12iV. J
surplus $326,220. Increase $24,898. '
0014
loon
08
103
ns
KINDS
High. lAtw.
S3S00 A C&l. Bs OOiJi
10000 Choctaw gn
5s lOOVi
1000 do cons 5s 08"ii
2000 Elec & I'co
Tr 4s .. 81H
2000 I.eh & New
K 6s '54..10SVI
1000 Nat Pr 4-6s B8
20(io Newark V
Hy6s ...103
looo Ta Co gen
4Hs ...102
8000 do cons
4Hs lOJiJi
1000 Phila Co
cons 5s. 00V4
1000 Th Klec 4s 87
loooo Head gen
4s
1000 do Term
5s
25000 Ln rtwy
Inv 5s.
Close.
0014
100VI
08!i
Net
4 li
Oi
8111 81 U V
10314
118
103 103
102
103-ii
0014
87
102 14
lo.yn
ooi4
R7
OSi 03 OSli
.112
73
112
73
112
1
V
14
DECLARED
DIVIDENDS
Philadelphia Company for Guaranteelnc Mort
wages, regular of a rr cent, payable December
13 to stock ot record November 2U: JlOo.noo v-as
added to the surplus.
Canadian rncific. regular quarterly of 2',4
per rent on common slock, payable January -to
stock of record December 1.
Excelsior Trust Company, regular semiannual
of 2V4 per cent, payable today to stock of record
samo date.
American Thread Company, usual semiannual
of 'J'i per cent on the preferred stock, payable
January 1. Hooks closo today and reopen De
cember I . .
Montreal Cotton Company. Limited, recular
quarterly of 1 per cent on the common and 1
per cent on the preferred stocks, payable De
cember 13 to holders of record December 3.
National Cloak and Suit Company, usual
quarterly of $1.73 a sharo on preferred stock,
payable December 1 to holders of record No
vember IN.
Illinois Pipe I.lne Company, usual semiannual
of $12 a share, payable December 18 to holders
of record November 20.
FOREIGN EXCHANGE
NKW YOItK, Nov. 14. In the early deal
ings today the foreign exchange market
showed continued sluggishness. -In the main
rates were unchanged with the exception of
n firmer tendency ln ftusslnn exchange and
a shade easier turn In lire.
Quotations were: Demand sterling
4.75 11-10. cables 4.76 7-16; sixty-day bills
1.71i, ninety-day bills 4.69'4 ; frnnc cables
5 83'j, checks 5.84'4; reichsmark cables
6B,. checks 69 9-1C; lire cables 11.6614,
checks 6.67 : Swiss cables 6.22. checks 5.23 ;
Vienna cables 11.88. checks 11.86; kroner
Scandinavian cables 28.40. checks 8.33;
pesetas cables 20 43, checks 20.36; guilder
cables 407s plus 1-16. checks 404 less 1-10 ;
luble cables 29.80. checks 29.70.
In tho early afternoon the market was
sluggish nnd uninteresting, witTti no quotable
changes from the earlier reported figures.
Iteichsmnrks held at 694 for cables and
69 9-16 for checks.
Time
2 01
4 iMl$
l m
rnua-
RATES FOR MONEY
Call
New York 2 934
Philadelphia 4.
Ilnstnn 3
Chli-non 3' (IT 4
Commercial paper, three to six months,
dlphla. 34 3" per rent.
Condition of U. S. Treasury
WASHINGTON. Nov. 14. Tho condition
of the United States TreasurySaccordlng to
a statement issued today, was as follows:
Net balanco In general fund. $138,157,439;
total receipts. $23,041,267; total disburse
ments, $37,677,242; deficit for the year,
$102,246,176, exclusive of the Panama
Canal and public debt transactions.
NEW YORK COFFEE MARKET
NKW YORK. Nov. 14. The market for
coffeo fyturcs opened steady this mornlnj
upchnnged to nn advance of 2 points. Trsit
Ing on the call was fairly active, with .)., i
amounting to ouuu Dags,
November
December
January . .
February .
March . . .
April ....
May
June
July
August
September
October . .
Hid.
Today's
opening.
S.'st'ij's.i'i
8.23
s.'i'o'ss'.is
8.'n38,o5
8.'fl2'H.70
k'.in
8.75
BANK CLEARINGS
Hank clearings today compared
spondlng day last two years.
mm mis
rnuaaeipnia . ;. i m.
Boston 47.447,
iai.
13 $42,033,011) tSJ.J,l)7IH7
3 44.013.665 32,818.10,
r"trdty. 1
. .ln".
8.29 6(.s
8.4I)S.4,
;-5i8.h
" M 88.81 . i
S-'gaiie
o5.; J.
8 738.; v
i
,;
with corrs- I
TAX FREE IN PENNA.
HARWOOD ELECTRIC COMPANY
1st & Refdg. 6's, 1942
Prico to yield 5.65
MELLOR & PETRY
.Members N. Y. & rhlla. Slock Eirhantes
.130 COMMERCIAL TRUST I1CII.DINO
41 I
i
(:
i!Bt:imTm'wm!33airfflm3r2,ti,3::ii;.T:iis!:a::nicjErrrs3a
Mortgage Bonds
Providing
Liberal Returns
The investor who takes the
trouble to investigate securi
ties can always discover some
good mortgage bonds yield
ing returns that apparently
are too high to be truly con
servative. We invite requests for our
Letter No. 2541. that de
scribes three bonds of this
kind, and explains why such
well-secured obligations can
be purchased at compara
tively low prices.
William P. Bonbright & Co., Inc.
MORRIS WISTAR STROUD, Jr.
Mnnacer
437 Chestnut St., Philadelphia
Bolton
New York
Iondon
William I. Donbrlght A Co,
Detroit
rrls
rtonbrlsht & Co.
DIRECTORY OF ACCOUNTANTS
mis
Certified ruhlle Accountants
LAWRENCE 1-5. HKOVVN A CO.
HEAL ESTATE TRUST Ill'ILDINO
An Office for the Shopper
ORGANIZED in 1809, this company has always made a
particular effort to perfect its service to the individual,
and it is prepared to relieve its clients of every detail connected
with the management of their financial affairs
FOR the convenience of those who require banking facilities
in the shopping district, we maintain a fully equipped office
at 1415 Chestnut Street, with Safe Deposit Vaults, a well furnished
apartment for ladies, and accommodations for committee meetings '
and business conferences
Inspection of the office welcomed
Philadelphia Trust Company
415 Chestnut Street :: HIS Chestnut Street
Philadelphia
El
IBHHHS&giuTOTtrrHM ,
Graham &Co.
BANKERS
435 Chestnut Street
Municipal Bonds
We will be glad to send upon re
quest our current list of offerings of
high - grade Pennsylvania Municipal
Bonds that arc legal investments for
Trust Funds and are
Free of Federal Income Tax and
Pennsylvania State Tax
Government
Bonds
Yield from 2.30 to 6.60
Railroad
Bonds
Yield from 4.10 to 5.35
Public Utility
Bonds
Yield from 4.60 to over 6
Particulars regarding attrac
tive issues of any of the above
types of investments will be
provided on request.
.J.0larK$go.
HANKERS
(Established 1831)
321 Chestnut St, Philadelphia
IIIIIIIIIIIIHIIIIiillllllllllllllllllllllllHIIIIIIIIIIIIlI!
The Time to Buy
IT Is part of the Complete Servlei
of Jones & Baker, Stock nro
IT Is part of the Complete Service
or Jones ec Maker, stock loo
kers, to investlcate throuch
their statistical and analytical de
partment, securities of merit
traded In on the New York Curb
and to bring these stocks to the nt
tentlon of the public. This Is ac
complished In their WEEKLY
NEWS I.ETTEK In which is pub
lished each week In addition to
the latest dependable news on 40
to iO Curb issues a two-page ana
lytical report on some stock of In
trinsic merit that Is likely to hare
an Increasing market value.
Take for Instance the group of
new Copper Issues enumerated be
low t
Jones & Daker were the first In
dependent brokers to prepare and
publish complete analytical reports
on these Coppers which without
exception have justified their se-
Companr
Magma Copper 8-25-15
Green Monster 9- 6-15
Howe Sound 12-16-15
Ray Hercules 1-13-16
Consolidated Arizona 1-27-16
Jerome Verde 6-12-16
Big Ledge Copper 8-14-16
lection as worthy of reporting for
the benefit of the public.
The following table shows the
date of report In the Jones & Baker
WEEKLY NEWS LETTEE-the
price on that date and the subse
quent high i
Uato'
Ileport
ITIm at
Block
fintwqaa-rt
ntft
$14.00
2.00
425
3.12J4
1.75
2.18
355
$53.00
6.87 tf
8.00
5.12J4
3.00
2.624
8.00
Incj'wm
PcOeol
271!
243W
88
64
71(
20
146
Weekly News Letter
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Wtdner HMtin),
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When theaa reports appeared ln the WEEKLY
NEWS LETTER all of these Copper stocks were new
nnd comparatively Inactivo. Those who saw In them
the merit outlined In these analytical reports profited
ereatly, for once the general public realized their value,
the stocks became active and advanced.
This ta 8EHV1CE without cost and every Investor
interested in the New York Curb securities should
read the Jones A Baker WEEKLY NEWS LETTEB.
If you would like a sample copy send the coupon for
the current issue.
"Nothing to Sell But Service"
Jones & Baker
STOCK BROKERS
PHILADELPHIA
V. Widcjner Buildina
V. UL. IBell.Wa.nut 1690-1
T.,V rnoneS: Keystone, Race 2290
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