u
EVENING LEDGER-PHILADELPHIA, WEDNESDAY, NOVEMBER 15, 1916
FINANCIAL NEWS
ACTION OP STOCK MARKET PERPEXES
SPECUATIVE ELEMENT ON THE STREET
Important Movements in Prices During Day Are to Higher
Levels Despite the Fact That Nearly All
Interests Are Bearish
New York Stock Sales J
NEW YORK. Nov. IB.
The speculative element on the Street was a sain pcrploxed today at tho notion
at the stock market. While nearly all the Interests which had heretofore
controlled price movements wero nggreitslvely bearish In their market vlow und
operations, the Important movements of tho day were to substantially hlRher
prices. New high records were again made In a lyimbor of lssuoa and many
stocks sold at tho highest prlcci touched In many years.
The widest movement was In Oulf States Stool, which rose 12 points to 153,
but most Interest was attached to 'the accumulation of American Smelting,
which rose 4 points t 120H, with most of the buying based on statements that
smelting charges will be Increased 40 per cont In December. Marine Issues wore
also active and strong, tho common moving up 3 points to 46 and about the samo
amount of gain was mnde In tho preferred, which crossed 121.
United States Steel common, which closed yesterday at 122. after selling
down to 121H, recovered virtually all this loss. There was a further gain of
more than S points in Atlantic, Gulf and West Indies, which crossed 124. Hock
Island Issues were all weak during the morning, but became strong In tho after
noon. Tho minor steel Industrials wero active nnd strong at frequent Intervals
during the day, with American Can and Republic Iron and Steel In urgent
demand from several sources. A vigorous upward movement was In progress
as the market closed.
Acme Twi...,
Art IliinMj
AJm Itublxr
Al.vk (lotd M....
Alula J Gold M
A!ll.rha1m"r Mfj
JIllvClul Mfe tf.
Am Ac rtirmlral
Am Ar Chrm pf.
m lic't Sucit ..
Mn I ."in ....
n ' r ft Wv.,
'."i ' X. I. pf .
v ; SvirllleJ..
M' I i.i"Wll
V' i .inrtil pf. .. .
.n I ii-omotlvo...,
ii i iieimotlvo pf.
n - itt Corp'n...
Latt eloae, llliili.
00
in
. 74K
, 12
31 M
M'i
Vi
In!",
1 . ,
00
in
71
12H
7H
.12).
ST(
VI
Iow.
00
10
74
nm
RO
102
1(
mi
on
7)
t:su
a
Kt
H2
Clone.
r.o
10
74
12
7H
am
mi
81
102
102
"fl
tOlj
71
n
Ml.
S3
m'i
Trading was on a. large scale In the bond market, with Rock Island issuei
dealt In at times In huge blocks. Tho Cs. after selling nt 72H In the early
trading, declined to 71, but rallied In tho last hour. United Hallways of San
Francisco 4s were active anO strong moving up from 37 to 37. Chill Copper
6s sold at 133. Anglo-French C3 wero actively traded In at 94 nnd 95. Lacka
wanna Steel Cs of 1923 sold at lOOHlOO-.
J' I
.. 7: . 1
.. :;; "ii
.. 13' .M
.. 4 '
.. 1KIW Vi
..1074 107M 1074 10"$
.. H' n U 111
" i Corn'n Dt 4S -l'l 484 43
i "in -11 A Itcf IrOH KOVi limt 1204
WiHt&llpI 11.1 111 113 IIS
Am smelt pf A 100 101 U9Vi 101
Arr -uar Ueflnln 117H I1H4 117'i 1174
Am Steel roundrlos 00 00 054 15J.
Am Til .V Tel 1324 131 1324 1124
Am ToMcco 22JI 221 225 225
024 (V14 m M
674 94 67 SOU
83 8.1
mu loo
Sales in Philadelphia
Am Writing V pf
Am Zinc I, & Sm
Am 7. I. & S pf 82 M
Vvn.di Coo M 1004 1904
. 844
. R34
. 7.1W
.040
85
WHEAT PRICES RALLY
ON EXPORT BUYING
Tone at Close Is Firm, After
Variety of Influences Cause
Weakness
New York Bond Sales
Illsh. Low.
..lut lot
i
t
i
I.'.
It
CHICAGO, Nov. 15. On reports that ex
porters had been good buyers there was a
sharp rally In the wheat market today and
the tone at the closo was Arm Previously
a variety of Influences, Including fears of
a strike on the railroads, rumors about
peace negotiations and favorable reports
en the progress of winter wheat, had
weakened the market.
Liquidation was heavy and there was a
great deal of selling for long nccount.
Shorts showed more aggressiveness than
for some time. The setback followed
strength, prices moving up early on unex
pected firmness at Liverpool.
The tone at the latter was stimulated by
excitement In Argent na. Crop news from
that country where the weather remained
hot and dry was more alarming, and It
was said that holders of wheat had with
drawn. Reports from Australia said that
the yield there would exceed all records
Reports were current that Uruguay had
placed an embargo on exports of wheat
and flour.
December, after selling as high as
tl.88, declined to S1.84U. and finished at
J1.87H',i, aAlnst $1.86. yesterday's last
price; May, after touch ng $1 D34. receded
to 11.88?; and ended at $192,, com
pared with 11.91, yesterday's final quota
tion; July, after reaching $1 61 ai. dropped
to 11.58, and closed at J1.61 fi $1 COij, con.
trasted with Jl.BDtfc, the final figure of
yesterday.
The Pjlce Current said that soil condi
tions generally were favorable throughout
the winter wheat belt, except In tho State
- rOf Indiana, where the prevailing conditions
seem to be too dry.
I.eadlnr futures ranrwif n. tnrw.m.
Wheat
Opn. Hlh.
1.87 l.ss4
1.S3U l.l'.T-,
(new delivery)--98
f 8TJ4
Associated Oil
Atrh Top ASF...
Ati CJulf A W I
All O AW I pf....
liaM loi-o WLj
Halt A Ohio
Illt A Ohio pf
Il'thldiom Steel
Hums Ilroj
Hntli' . superior 00
llutt rtrlc Co 22
( .0 ivirolcum :
Canadli:i 1'aclflc 1
CViitu, l-KUher 10S4 100
Ch'j r. Ohio (i7l o;
C C C A St L S7Ji
( hlc-.uo Cln-at West 14i
Chi droit West pf 42J
I hi Mil A St V ;i
Chi Mil A Rt I' pf 125
Col (ias A Ulec 4tJ
Chi It I A lac 34i
thllc Copprr VoH
Chlno Coppor 073i
Col Fui-I A Iron S4H
( ompt T Kr Co 4H
K7M 07 07M 07H
.VMM HHi 1&1H 104 H
.1U1K 120 1L"1 i2.vr
72H 72J 7 J' I
S0 83 Vi 8.iJ
R-.!i 85K KM
7SM 7M 7.1H
CM 04S 018
85! HTM 85Jf
t.0! C5 GO'f
21 24 24
22W 22W 22
171J I70Jf 171
57
14
42
H2
125
U'i
MH
20
08
54'
49
UJS
iir.J.
Vim., ".ij'ii
...uiii
'ls.KiuH
. . .lno
"j
. . . . tun
. IILI'I
lnl'.
. "JU
1.1 1
. tU'k
. n.Tm
. 7:iU
. US'
.1H0
ll'l
77H
.ltmS
.. SH
.. 7IIJ4
. . 'Ja
.. 71'ti
7I"H
.. n:.'i
.. ".IM,
. . Ml
..12U
. 107'.
.. T2i
.. 74.
.. 7i4
.. blV
.. MS
Vi
r.i I
07V
U7H
B7
01 'I
SSv:
Julr..
Corn
Dec...
Mar..
July..
Oata
Dc...
Max..
.ara
Tfc... in. 90
Jan... 18.2.1
Mar.. 10.7
1UM
ian... 14. 5
lay.. 14.00
Pork
Hoc... 27.45
Jan... 27.10
Hay.. 27.13
Bid. tAiked
IX)W.
1.M4U
l.NS
1.3S
CIono.
l.H7"4
i. !!-;
1.C1
Ytn.
cluse.
18
1.58V4
82;
04U
o.-nj
57
COTi
Pfli;
117-ri
r.7
:,
0!
to?S
u
18.S7
18.35
18.35
14.52
14.82
27.45
27.33
27.23
18. 7.1
18.211
10.20
14.37
14.S2
27.30
27.111
27.07
Nominal.
18 0(1
18.27
UO 27
tH 47
14.80
t27.40
27.22
27.17
r.7
ots
18 03
ie.su
18 32
14 30
14.82
27.50
27.30
27.25
3000 Amur Acr cv 5. ..
IVilOO Amer Acr dob 6
liiuuil AnKIO.JT i,i .... i 1H
SIikio Am Kiireinn Seo Os . . UaS UN'i
1425U0 Am Smo.t H-c i!3....111'i lllil
Imiou Amer Tel clt 4a !CJ u2
2UOO0 lo cvt 4 Van llt'i 1114
2700(1 Amer Writ Tap, 6a.. Ill' til
7OU0 Armour Co ttin .... IH4 I14U
44IHIO Atclilson BI-n 4"l til1-! ins
2(1(1(1 ilo ailj 4) hOS t.(JH
UlUD Allun Ou Line lat 4.. IM VJ-
2(1(1(1 do clt 4 m;(, K7',k
1011(10 Halt II Oh r.n inn., lnl
uuu uo 49
lluilil do cv 4'in..
2UIHI0 rtalt It U Sirn .IH
iiiini iiein aiccl ria en
lhuuo lirook Hup Tr 3
'(ww can uov ria 1U21...
4CMI0 do 1UJ0
IIUUll do 1U31
300(1 C C C & St I, 4..
BUdU Cal Oaa & ljlee Tn.
11(1(1(1 Cunt l.'atnor lat 5s
41100 Cent l'ac 1st 4...
4UUUU Clll.l I iiii..r J . . .
220(1(1 Che & Unlo cv 44a.
1(1(10 do 4n
14.-IU00 do ccn R
laiimi eiii at Wtsi 4a
2110(1 Chi & Nn ecn 4s...
2(1(1(1 Chic La Km 4Via ...
7.'.lIU Chi II 1 joint 4a..
13(100 Chi lnd Si Wnl 4a...
r.Odll Chi M & St 1" rfd 4Vs i'j
"ouo do gen 4s in",
5UUU do dlv 4s !U'
8(10(1 do cv 4S 8 ....
1JIIIIII Chic 11 I & l'ac 4a
ttiwutl do rfd 4a
34.VIIIH do 5s
32.1000 do 5a ct onn ata..
Joou Tol In.lustrlal 3a .
2000 Col i. South 4Wa...
11(500 City of Paris its
10000 Col F ii 1 cell .'is .
iimio ("on Oas conv 8a. . . .
8000 tlel fc Hud conv 4s
2MI0U Ula Secur Corp Ba..
10300(1 Erlo iii-n 4s
1300(1 do conv 4s ser It.
4.1000 do conv 4b aer V
21000 do prior 4s
100(1 Fla . IJjnt Co 4ii a.
.1(100 Iowa Ontr.il rcf 4a
3KHI0 Interb Met 44 H 734
iiiuuu intern it t ret ris . vv't vt n.i1.,
llooo Inter Mir Mnr Hi . II74 117 !i7V
5000 Japanese new a S 44a M HI hi
1(H)0 Km t lt So 5a HI pi '"
7000 Kan City Tcr 1st 4a . S8 NS n
14000 I-icku Hii-.l sa 1UJ3 .looH loo4 loo't
Sdllou do Til 11150 10.1 1113 103
2000 Lk fill ijtfb 4s 1U2S 0U4 IIU4 UU4
1000 do 11131 Oil till ("I
40i.0I.orUl.ird 5s 1014 lni4 1014
MIOO Manhattan Sta 4a .. 34 03'. 03',,
7000 Minn &. St I. 5a Ihl no no
3000 Jlo rac w I 4s 874 074 874
6000 Mo l'ac 5s w I 1U2I1... UilVt WW lultt
.iooo Mont l'oM-cr 5a loo loo loo
450011 N Y C It Hud Cs 113i 113 IIS
1000 do 34 s 44 H4'4 H4'i
2000 do 4s 02's 024 112
20000 do 44 s I'll I5 o:.i
1000 do N B 4 h2 K2 h2
.1014 1014 1014
.1014 lol4 1014
.1124 1124 1124
. Ii4 O'lS l'4
. 754 754 754
. 04 04 1144
1)4
Consolldat"d (iai VITM 1M
Corn Products lief. ..
Corn Trod Ilf pf
t nicibli Sloe)
( ulu Cam Sujar . .
Cuba Can Suzar pf
Dure A Co pf . .
Delaware A Hudson .
DrM rr A Mo (lr pf.
Distill Sec Corp'o....
K.rl-
Krie 1st pf
llrle 2(1 pf
Cifiirr.il Klectrlc
(ifncrjl Motors pf. . ,
Goodrich D F
105 1081J
CAM MM
57 67
14 14
42 42
OIK Wi
125 125
41 4-1
.-12 33
24K 25
07 H OS
S-l :4V5
4SH 4S!s
135 135
18 lSlf 18 18
U5J 'J7 HUM 07
. 1)0 89H 87M 8S
. 724 72U 7I' 72
. 118'i !i8'i i, O.'i
. win w.'i im: oi.'i
..1G2J-S 152). 152 152
. 43 44 43"i 43'f
. 43 4.U( 42i 43
.. 301 .'iOJI 35i 35'.
.. SIM 51 tViW SO'i
.. 431 j 42 42 42
..lhl 1S1U 1SIH4JS0H
..1234 ViVi 124'1 121W
C'Jh 70
Uraiiby Consol 10) 10)
tlroat Korthrrn pf 117W 117
(1 N cfs for orn prop 432. 431 j
llrecne-Cananca 51i fill t
lluf States PtO'l ... . 141 15Hj
(itK States Steel 1st pf 105 100
dun States Sted 2d Pf. .140 MS
IlllroU Central 105H 105
I ivp Con Cop 08Ji li'.I1;
Int Acricultural 20li 2S
Int Acricultural pf 6GH 58
Int Harv Corp'n 70 8.H
Int Harv Corp'n pf ....111 111H
Int Con Cor v t e sh. . . Wi W-i
Int Con Corp'n pr 74;t
Int l'apcr OO'f
Int Papr pf lOti.
724
h54
844
03
do sen 3s 884
do ret; 3s 0.14
4s..
r i
it
'
SECURITIES AT AUCTION
The following securities were sold at
auction today by Barnes & Lofland:
STOCKS
6 ahrs. Pennsylvania Flro Insuranca
uo,; par .lui 435
25 ahrs. American Vulcanized Fibre Co.;
common , B14
89 ahrs. Philadelphia National Hank;
... . ar ',0 sOOH
150 ahra. Camden and Suburban Railway
Co. : par J25 18
8 ahra. Pennsylvania Academy of Fine
Arts 27
4 ahra. Philadelphia Trust Co.; par
1100 R82
7 shrs. Olrard National Dank: par 1100 38(14
10 ahrs. Fidelity Trust Co.; par J100. . 7174
SI ahra. Central National flank; par
1100 411U
10 ahra. Central National Hank: par
1100 411
7 ahrs. Central National Ilank; par
1100 410W
12 ahrs. Walton Cranberry Co.; par
J10O Lot 13
100 ahra. sierra, Vista Oil Company; par
110 Lot tl
1000 ahra. The Printer Hoy Gold Mlnlna;
Co.; par tl Lot II
25 ahrs. International Mercantile Aicency
preferred; par 1100, 25 ahra. In.
ternatlonal Mercantile Asency com
monj par S100 Ixit It
284 ahrs. The Chemnltx Manufacturing
Co.preferred; par 150 !.ot II
142 ahra. The Chemnltx Manufacturing
Co. common: par S30., .... !ot St
200 ahra. Rarttan Oraphlte Company; par
ISO ., t-oc S3
20 ahra. Oak Lane Casino Co.; par 50,
2000 ahra. Seward Peninsula, Hin
du Co.; par tl Lot tl
11 ahra. Philadelphia and Easton Rail.
(way Co. (truateea" certlfentn).
2000 ahra. Duchess Gold Mlnlna
and Leaalnsr Co.: par II... Lot 13
2000 ahra. Ren Franklin Mlnlns and Mill.
In Co.) par II.... Lot It
C58 ahra. Ren Franklin Mlntnc and lie.
ductlon Co.l par 11. I At II
2C0O ahrs. Redoubtable CJold and Coper
, Mlnlnc and MIIIIok Company; par
II ,, Iit II
20 ahra, Philadelphia and Easton Hlec
trie Railway Co. common: par 150.
20 ahra. Philadelphia and Kaston
Klectrla Railway Co. preferred:
par ISO Lot til
12 ahr. Fourth Street National Rank;
par 1100 2834
23 ahra. Third National Rank: par 1100. 250
V ahra. Pennsylvania Co. for Insurances
on Lives and Granting Annuities)
par 1100 72
12 ahrs. Pennaylvanla Co. for Insurancea
on Lives and Orantlm Annuities;
par tlOO 72S
14 ahra. Real Estat. Trust Co. pre-
fir red: par 1100 SIX
B shrs. Robert Morris Trust Co.j par
1100 70
87 shrs. Robert Morria Trust Co.; par
1 ahA'weat Kna'Truat Co.V.par'ij6j;: IDS
lasers. Kir. Association of Phliadel-
phla: par 150 .......t. 845
kO ihra. People's National Flr Insur-
anew Co.l par 125 ,. ,". 18w
1 ahr. Phoenix Ineurano, Cd Hart-
ford. Conn.i par 1100... ........ 412K
T shra. Mlr HlU and 3chuylklll Haven
i 7 lUllroad Ccipar 160... .... ..... B7H
f .hr.. ar?ngwn Jul. and 8th St..)
IT ibrV Sicond and Third StreeU Pas.
.Miser Ratlwa Co... 242S
IV
10000 do 4Hs 11)05
12I1UO N y N H k. II fia
1200(1 N Y Tol isen 4V4n..
3000 N Y V C & II 4s
1500(1 Norf St Wist Is
110(10 Nor l'ac prior 4s
4 "(HI
5(1(10
4(1(1110 Ore & W It 4 N
3(iuu I'acinc Tel r.s
2IKKI Penna 4s 1II4S
1000 do sen ct 44 a
1350IIU do en Vi S
lllllll Public Sen N J 5s.
ilinm Iteadlna" Ren 4s
2IHIIIK lid' lr A S 5s
IHIIKI St I, 1 U H Ulf 4s.
320110 do ujs w I
Howl do In w I
1000 do Ken ct 4s
711.100 do ser A w I
shod do ser Jl w I
lHOOil Seaboard A L adj 5s.
1(1(1(1 South l'ac 4s
71)000 do cv 4s
HMjii do cv ret t p in...
7MOO0 do rfd 4s
3.siino South Ity een 4s....
lftimo do cun 3s
luou Term asso hi i. rer is hi rw at
200(1 Texas Co cv Ha loSK li5i lii.lS
300(1 Third Ale adl 5s 75 73 75
31)0(1 Tol St 1. . W 4s HJ 12 02
.10 II S S & 11 111 110 UO 110
3000 U Realty 5s 70 70 70
110IMI U S Rubber Us 102i HI-'S 102i
770OH U H Kiel a f 5a Iml's l(nl ldllH
71000 U K O II 4 I 5s 08 1.1-lH 0S' 1)8 15-10
SO!.
43
71i
103
ai
45'.
.118H 121U
. SO 5G
.11 M 114
. ilT'i J7H
. 40'i 40
. NH. 81
22'i 22
87 80
132H 1335. i:W 1331.
h'. 77. 774
831, 82
62!. ol S0!S
108Vi 10SH 107
43!, 40 44
121H 121W 121
31H 32 315f
JMi '.r.K !.M5
sim
mi'k :
mi 14
10JW
KM
u.i
11514
liiui.
Ml
S7'
11.1
711
72 W
117
. KS1.!
. H
,1114.
IUi
711
10214
I04j 10l
WJA 2i
nuuu union l'ac 111 is.... u-.
3111'IH) do cv 4s 1)4
70(lil do rfd 4s V2
311000 tin Rwjs a f 4a .'I7'4
1000 Un Fuel Oaa Ra . . . .100'i
4HIIII Va I C ft C 1st 5a... Ml
1000 Va Rwy Cs Oli'.i
limn Wabasn 1st 4s 75').
niMio West Hlectrlc Bs. .. in:H
link) West Md 1st 4s . . . 75?,
1000') Wes E&M cv 5a notes.101
lllioo West Union 4Ha .. U7
700U Wheel ft I. E 4 7U
LOCAL MINING STOCKS
TONOI'AH STOCKS
Jim Rutler
MaeNamara
Midway
Mlipah Extension .,
Muntana
North Btar
Tonopah Ilelmont .
TonoDah Ixtenslon
Tonopah Mlnlnc . .
ti.scue j;uia
West End
Rid.
.(IS
.08
v
.23
.13
5
e
.27
.75
U ahrs. John U. Bleiaon wo. common)
S .h?.' TPU-ni. VmHK ' Fli U Cb'. pr..
... .ii j.ti.ia nniiraai -immnn
.
4t rtrs. Phlltd.lphi
A iiJirif.'pWaiisil'm
par iv ""'z:,
sjnw
8S1
78
7Vt
7H
1 -WUdwood Eleotrlo and Traction Co.
! "SPfJirLSt ' slnklif fund. Cou-
B vmt J-.M -"S VCloh.r. line
A1HI1 ..w -.-..
t no
- ni 1U.I1T.
WUr Vo. VVJSSf
issur-DpVi.2.- si
i- BgAg April inu wniwi
i -sCr oiioin. Twmlnal Co. 4
JasMtary ,
Pu. IK
per
pons
70
74
'TaMtWol.
OOLDFIELD STOCKS
00
02
lit
Atlanta
Hue null
Ilooth
COO ., 03
Combination fraction '
Dlamondlleld II 11 03
Daisy 04
Florence 5
rioldntld Consolidated 64
OoldHeld Merser OS
Jumbo Extension 27
Kewanaa 10
gro , 03
andstorm Kendall ,114
Sliver Pick
MISCELLANEOUS
Nevada Hill ...
Nevada Wonder
Tecopa Mining ,
.22
2.40
.14
00 H
H4?
02
3711
100 Vi
611
OOli
75
75S
101
7
78
Asked
1. 00
.10
.24
.21
.20
.17
.29
.77
.10
.03
.11
.04
.07
.00
.05
,30
.50
.00
.20
.11
.04
.03
.22
.24
2.40
.16
lut Nick v t cfs. .
Int M M c of dp....
Int M M pf c of dp.
Kennecolt Copper...
Laclede Gas
Lack Steel Co
Lee Huliber Tire....
Lohlth Vallev
Loose-Will's Dlscult. .
Loose-W His 1st PL.
1-ouls .t Nash
Maxsell Motors 70
Maxwell Motors 1st pi.. 8314
Maxnill Motors 2d pr
Mtx petroleum
Miami Copper
Minn St V 4. S SM..
Minn A. St L nc
Mo l'ac w I
Mlsvourl Pacific 10 DM
Mo Kan &. Texas 7'f 7.
Montana I'oner 97H 100
Nat Enani A S Co XI 35Jf
Nat I.nam & S pf. ...
Nat Lead Co
Nt'Y Con Cop
New York Air Bralto.
New York Central...
N Y N II & II
N Y O & West ,
Norfolk & Western...
Northern Pacific
Nat ISys Mex 2(1 pf . .
Ontario ntlver Mia (t
Pacific Mall 20
Pan-Am Pet A T pf 09
Ptnii ItaUroad CGH
Phlladelphl't Co 41H
Pitts Coal Co N J 41M
Pitts Coal c of dp ll?i
Pressed Steel Car 70)
rub S Corp'n N J 133
rullman Co 108
QulckslUer pf 3J
Ity hteel KprlnEi MJi
Hay Con Copper 34 W
lleaillni: 107JJ l()0!f
Readies 2d pf 40)5 4G!
(i'.lt
hos
42',
M
1U
IOj
ll'l
10-l'S
08' i
27
.r7
80
111'.
18
74!,
O'l
1()'
lfl
!.
(i()'.
!)'.)-n
un,
43,
ol
1G3
100
118
HH.'i
liS'i
27
5H(
80)4
111'.
181i
7,"
70
ia
-lOJi
4U4
Illsh.
100 AUIs Chal. StH
3 Acme T pf
to 6V4
too Am Can .. 01
100 Italil I.oco. 30
23 B & S t o. SO
2.1 do irct. 60
loo J a Ilrlll.. s
500 C H I & I. 33V.
A Cntawlmn
lKl pref. BSVi
100 Klcc Ktor.. 00V4
600 i:rlo 80 H
3 Oen Asph
pfil .... 72
BO 11 & U T. ltt
40 tnt M M ct 40
7.10 Key Tel . . 14
12005 Lit Sup Crp27 94
351 I.eh Nnv.. 1
13 I.eh Valley ab
65 I. V Tr Pfil 43
10 Miami Cop 44
2160 Ncv Cons. 28H
B5 1'cnna It It 87
06 l'a Salt M. 09 W,
eoo I'hlla Co.. 43i
425 do cum pf 42
S40 I'hlla i:ieo 20?H
loo 1'h Ilap Tr 20
10555 rlo tr cfs 27
loo riiila Trao 80
460 Hay Cona. 34
273 Ton llel... 4"!i
751 Union Trnc 47 li,
46 Un Q Imp. 01
2733 U S Steel. 123 Vi
400 Un llwya. I0U
100 Va I C & C 118
5 War I & S to
17 W .Irr & 8 51
3437 Cramp ft. H 02
Kx dividend.
iioniis
lllk-ll.
JS3500 A r,M. Bi Ub
1000 Ilcth St 1st
Cl 122
400 rity in '38.102
1000 Choctaw
cons En. 100
1000 K Tl 1st Bs BB
500 It Sup In Ba 47
3000 Leh N Ben
4VJR 0H1
5000 Neh N cons
4H ...103
2000 I.eh & N
Knt? Bb..103
2000 I.eh V puna
4V4n '03 100
1000 N Prop 4 -6s 68
5000 l'a Co cons
4V4h ...103
1000 Pen 1'nB Ity
t c 4b . . 8ft
1000 Ta & N'wn
It Eh ...I0.V4
10000 Thlla Co
cons Es. 01
lliflO do iBt Ba 01
KOOPli Klec 4s
la rets . 80
30no Ph nice Bs.ioo
811(10 Head nil 4s 03 ",i
13000 Un Hwy
Inv Bh .. 75
6000 York Hwy
lht Bs . 08
Low,
11
98
64
86
63
60
S8
S
r.3
69
36
72
I2H
43
IS'.
28
81
80
43
44
28
son
00
42
40
29
20
20
80
81.
4
47
01
12 Hi
ir.y.
58
10
80
00
Low.
U6
122
102
100
08
47
Close.
31
Net
che.
08
04 2
HO
60
60
38
33
83
69
30
2
2
1
1
LIVE STOCK QUOTATIONS
CHICAOO. Not. IB. 1IOOS nreelpta. 86.000.
Market dull. 15c lower. Mlsed and butchers',
10.250101 sood heavy. I9.43W10 05: rouah
heavy. It).45 WI'.OO: lleht, IS.WtO.KOl pigs,
10 5008 40s hulk. 10.2000.85, .. .
CATTLt; lleeelpta, 21,000. Marltrti elendy.
Ileeves, 16 8041121 enwa and helfera, J3.75M
0.50; stnrkcra and feeders. I4.767i Texans.
7.4nfMiio.
HMMI'.I' Iteeelpts, 22,000. Market atronir.
Native and western. I4.25W0.HU; lambs, 18.10
tril.83.
NEW YORK BUTTER AND EGGS
I
72
12 H
2
1
2
"v,
1
2
2
46
14
27
HI
H0
3
41
2801,
6i;
1)0
43
42
20
!0
NEW TOP.K.
6414 pseknaea.
Extra cresmery
Mate da
Nov 15. IltTTEIt Ileeelnta
Htronir msrk't for nil rnii"
A.v'i., iiikhvi muiiHK, "' . IV II" i
103114 c. Imitation creamery
lioOS Iteeelpts, 6621 crates Mirket Arm
storage stronit. first, 38'i 40c. no chance
on other urndea.
BAR SILVER
Commercial bar silver In New York was
quoted at 71'4e today, off Uc.
In London bar silver was quoted nt
34 1-lCd. off Ud.
20
80
34
4i)4
47
0t
12.1
16
58
in
r.i
02
Close.
00
122
102
2
1
i"
2
Net
chce.
100
08
47
1
01 01
102
103
103
103
iooy. 100
68 68
105 105
83
85
M.
1
November
Bond List
Our current general list in
cludes offerings adapted to
the various requirements of
institutions, trustees and individuals.
Issues
U. S. Gcvernmcnl
Municipal
Railroad
Public Utility
Foreign Government
Yieldinff
2.00 to 2.90
3.80 to 4.25
4.26 to 5.83
4.S0 to 6.12
5.00 to 6.10
Send for Circular PE-63
The National City
Company
1421 Chestnut St., Philadelphia
Vew York 1'lttabursh nnston
Leading
Oklahoma
Oils
Tbelr Ororrtli
fiml fiilnrr
I'naalhllllle
h
wms
1st.
2nd.
nril.
1 $"K k
I tffltalfe
wBm
THERE are three reasons why Invest
ors should consider the future possL
bllities of Oklahoma Oil Companies.
The hncrr domestic consumption of
srnalillne'.
fL- hlvt. ttee rptll. nt sflaollne eon-
lent In OkUlioma Oil.
Tlie fnvnrnhle ontloolc for nn In-
erraseil einort drmnnil nfter the
nar.
In 1915 Oklahoma led with a production of 117,910,444 barrels
of petroleum worth over $80,000,-00. Among the larcest producers
in this rich field are the five companies: Sinclair Oil. Cosden OU
& Gns, Cosden & Company, Sapulpa Refining, Oklahoma Produc
ing & Refining Company. Each is a complete unit in itselfpro.
ducinc. refining, transporting and marketing.
Our Statistical Department has prepared a detailed report on
the rapid expansion of these , T ,, , tl ,nfU(t
companies and their future m A H okiihom sb.winr the lat.iisnofih;
prospects. ,'""ar " " " "" re.'
, . , , ,( n enpy of tills report nnd map. l'ac roupon T, I .6 3
JONES & BAKER
stock nnoicuns
Widener DlrJg., Philadelphia
nell. Walnut 1630J1,
Keritene, Itsee 2200.
Dtreet privati Wtrti ressecKsf
Tirrr Vorlc llnstnn
riilrnsrn ritlahnrah
"Xnlhlntl to 5ell Rul 5eri'le""
Smwt ...!
City )((.. -i
T. U -013.
Brown Brothers & Go.
Fourth and Chestnut Streets
PHILADELPHIA
High-Grade Investment Securities 1
Upon request we shall be glad to enter on our mailing list the names
of investors who desire to-receive regularly our security offerings.
Investors will be furnished with Descriptive Circulars any time upon
application.
105i 10(1
OOMi 01
0014 01 Va
60 80
106 100
W 05
is isy.
OS 0SV4 Vi
HS'f 119
r55.
li:i'i
117
40
NWJ
HI
80
lKUi
J7
40
SI
19
Rtt
The New York Subtreasury lost 14.080.
000 to this bnnks yesterday, m.iklnK a cash
net loss slnco Friday of $2,348,000.
1)
7H
100
33
S2);
60)i
107H
45!i
121
iM
'J5
0
7i
100
:i55i
09 lOOli 100M 100H
07J. Ii0!i t8X t)9U
8 2RH 2hJi 28H
TAi 171 171 171
1U7 loo;, ion mo
68U 69 50), )0H
29 9 29 29
139; 13UJ, I38JJ 13SJ.
110H 110 1095, 1095,
(1
7H
SOW
43K
42
42i
70
6
ltcpubllc Iron & S
Itcputlic I & S pf.
Seaboard Air Line IS!.
Slut Ariz Cop S.i
Woss-?hef S li 1 81
fcouthern Pacific 09J
Houui I'orto ii sue PI...1I(J
Siutbern Ity 27
0
05.
20
!)8H
SOU
41M
42
41
78M
133K 133 133
107 107 1G7
3M 3M 3M
55 MH 44
34J. 34'. 34H
i).V,i 10G
4.r.!f 40".i
20
08M
mi
43
42
4J
785i
Organized
1807
Capital ?2,000,000
Surplus & Profits $l,548,OQ0
Dividends Paid ..13,757,000
Farmers and Mechanics
National Bank
427 Chotnut Street
M K5Ji HAM Mi
li5,f 115H 115 ll.'ij.
M DaMHd at MaHthetr
unKKMUL BtMHaWl. Y. . .
T " ' -M A.
W
far miotkf: twh
FOREIGN EXCHANGE
NEW YOIIK, Nov. IB. The fore gn ex
change market (bowed a sluggish condition
and the only changes In rates were declines.
Sterling-, French exchange and relchsmarks
held steady, while rubles lost about IS
points of the extreme rally of over a cent
established yesterday, compared with Sat
urday's low figure. The recovery was due
to more favorable prospects for the proposed
Russian loan. Italian exchange and Vienna
kronen were lowsr.
Quotations were: Demand sterling 4.75
11-16, cables 476 7-18, 00-day bills 4.71H,
80-day bills 4.tH i franc cables S.8JH ;
relchsmarks cables C9H. checks 89 5-10 j
lire cables 6.(7, checks 6.67 U ; Swiss cables
.6.1 1(4. checks 6.23 U J Vienna kronen cables
11.16: checks 11.IS; kroner Scandinavian
cabUs 2S.4S, checks 21.36; pesetas cables
enacKSy zo.st; guilder cables 4071
, wtm iui.Fi pius i-isi ruble
a., M.16.
00K
23
27
Southern Ity pf
St L &B V w ......
St Louis Southnest..
tudebaker Co
Stutz Motor
Tean Copper
Tcias Co
I'eias Pacific
Tobacco I'roducU. . . ,
Tol bt L & Wett pf 15 IOj
Under Typewr pf 120 120
10
33M
l?7
YM
120
273.'
00H
22JJ
20M
127K 127H 120
05M 05H 05)j
23 23 23
10
33
81
8H
118
J(i
OWf
22)i
20M
10
33
85H
O-J
120
20
GOW
22K
20M
120H
05M
!3
Union llac & Taper.
Union Hag & I'ap;r pf.
Union Dag & T new...
UnlU-d Fruit
Union I'aclflc
Union I'aclflc pf
U S C I P & K
UBOI P & Fpf
U S lDd Alcohol
United lty Inr
United llrs lnr pf ....
U a Itubber.
22355 22.1 223 223
1751 10!X 175f 17)f
63 525J C2M 625i
15)i I5H
120 120
l.r.H
, 89
,123
IOM
02
129
15H
W)
123
10H
90
123
1035. 103JJ 102W 102K
'HOJf 140H
.147 147
. 83 83 825
. 25JS 25U 25
.05 00 CO
.139 14051 133
UH 10 15
255f 2S 255.
83
255f
CO
138
165.
28
69M 69j; 6UH 6UH
U 8 Itubber lit pf Iim 1I1H 111H 1115J
70i 7U. 75 705
C1H CD. CI 61
122J,' 1235.' 12 1H 1235f
121)f KM 121,',' 1215J
11UJ, 120'i 118'.' 110
4.')Ji 45 445i 45
. t7H GIH 68M 68H
14), 15)f 141.' 115i
65)i 65 55 65
29 29 29 29
iom IOJ 101 101
015S OIK C3J 03H
U 8 fern It & II.
U 8 to It & M pf . .
U n Stocl Corp'n....,
U a b'teel Corp'o pf.
Utan Copier
Va-Cato Chem
Va Iron Coal & 0...
Wabish....
W.Uih pf A
Wabash pf U
Western Union Tel,,,
Wt K & M
Wejtexn Maryland...
Wheel & Lake Erie.,
V heel & I. K 1st Pf.
Wheel It L E2d pf..
SUlyi Urerland....
Wlliyi Overland pf 101
Woolwoitn jf W...,
Worth Pump pf A.
Voting Trusts
A brief discussion of the pur
poses nnd operation of Voting
Trusts is included In our
November Circular
The circular nUo describes
many desirable bonds, offering
Investment Income
Ranging From iVt to
Over 6
Covin will ts turnlthcd en regueti
Edward B.Smith &Co
EsTisuaiiED 1892.
BANKERS
itrmltrra AU) l'orle nnd
rMKu'e'r'i'o Stock Kichantstt
1411 Chestnut St., PinUDurnu
80 1's Hteest New Yobk
20
2f
35.
25,
395f
26
25f
3
z
40 39
100H 100
25H
m
3H
25H
i
2
39
100
1S)4 138H 1385 13854
viii uo Wi UU
Ei-dlvldendl Prsss Bteel Car. 1H per cent!
Amsrlcan Tobacco. 6 per csnti Lee Jlubber, Vt
and Vi Pr c.nti Crucible Ejtatl pref.rrtil, 3 per
cent; Detroit United. 1 per cent! Deere t Co.,
ref.rred. 1 per cent: Onto Clllea Uas, S and
& In common stocks United Drug, 3d prfrred,
1H Pr ccnti Lltsctt M Tobacco. S per cent.
KATES Fdll MONEY
New York
Philadelphia ..,,...
Iioston ,,,,iiiiiiii,i,m
wnicaso ,, ,,,,.,
Call.
2 U854
SH.
Time,
3 (44
4Vift5
4 64W
4 &454
Commercial passr. three to sl months. Phlla.
aeipuiai an io
per cent.
BANK CLEARINGS
Bank clearlnr. todar compared
pondlns day last two Xral
JMCV .,
with oorrt-
ltl4
PhlladdphU $BS.M.S41 141,028.760 2T.671,a85
31,101
lioaton
Chicago . .
sit. iuta
fsasr fork
tco-'ttn 4i.si7.sax
,. 8I),B326B 2, SOU !i7
., 22.W11.3--1 I.voi,sia
701
6('.62J,8T
I..V11.T1.
asM.Tt4.IMM
Barnett Oil & Gas
Steel Alloys Corporation
Dough -Sold .Quoted
E. H. CLARKE
Investment Securities
Morton B. Alexander
(Resident Partner)
I'lieue 1140 Hprure
Stock Exchange Dldg.,
Philadelphia, Pa.
27 William St.. New York.
Kinney llulldlng, Newark, N. J.
Section 30 Mining Company
Incorporated Under the Laws of the State of Minnesota.
A Producing, Shipping Iron Mine Not A Prospect.
No Bonds Authorized Or Outstanding.
Capitalization
$1,000,000 Divided Into 100,000 Shares, $10.00 Par Value.
MINE.
This Company is operating what is commonly known as the famous Section Thirty Mine In
Section 30 63 11, located about four miles cast of Ely on the Vermillion Iron Range of Minne
sota. This property was in litigation for more than 21 years, and the fight was bitterly contested
by many claimants, until under a decision of the United States Supreme Court the title was finally
vested in the present owners. The title is therefore absolutely perfect. It is estimated that more
than a million dollars was spent in the litigation by the various contestants.
MANAGEMENT.
George A. St. Clair, Duluth, is President and Treasurer; Alfred Merritt is Vice - President,
and John G. Williams is Secretary. Mr. St. Clair is in active charge of all mining operations and
has been an independent shipper and miner of iron ores from the Michigan and Minnesota iron
ranges for the past forty years. Mr. Alfred Merritt and his brothers were the discoverers of the
Mesabi Range, the greatest iron mining district in the world and were the builders of the Duluth,
Missabe & Northern Railroad, the greatest earner per mile in the world. I refer to any bank in
Duluth as to their standing and integrity.
DEVELOPMENT.
During the last four years 200 to 350 men have been constantly employed. Several miles of
underground workings have been made in opening the ore body to this date, and over $900,000
in cash has been spent in developing and equipping the mine. The main working shaft is 635 feet
deep and has two main hoisting compartments.
EQUIPMENT.
The mine is fully equipped, including a concrete engine house, double drum hoist, capable of
handling a three-ton skip from the 1,000-ft. level, air compressor of 30-drill capacity, dynamo,
automatic drill sharpener, steam shovel, locomotive, blacksmith shop, laboratory, office building,
concrete dry house, forty houses built to house employees with families, and all other necessary
equipment. The tracks of the Duluth & Iron Range Railroad run direct to the shaft and all ship
ments of ore are made over this road to Two Harbors, Minn.
PRODUCTION.
Shipments of ore up to September 1st, 19 1G, since the opening of the mine have been 832,000
tons, and the list of customers using Section 30 ore includes such concerns as the following:
Federal Furnace Company, of Chicago.
Toledo Furnace Company, of Toledo.
Youngstown Sheet & Tube Company, of Youngstown, O.
Zenith Furnace Company, of Duluth.
Reading Iron Company.
' The average cargo analysis shipped during the season gave Iron 64.70 and Phosphorus .045,
and the non-Bessemer ore gave Iron 59.60 and Phosphorus .072 dried at 212 degrees Fahrenheit.
The records of all ore shipments from the entire Lake Superior region, show Section Thirty Bes-
' semcr ore to be the highest grade iron ore shipped from Minnesota, Michigan and Wisconsin, with
one exception, namely, the Republic Mine on the Marquette Range of Michigan.
Mr.
DIVIDENDS
PHILADELPHIA COMPANY
for Guaranteeing Mortgages
Capital 3'!!05S
burplus and profit. 6di.2
riilladtlphla, l'a., Noemlxr 13th, 1910.
The board of directors have thla day declared
dividend cr inree uuuars ier snare upon m
UID
Vt
December 18tb, 1018, to stockholders of record
n th rinse of business November ilDlh. lulu
i.'hecks vtlll lie mailed. The sum of one hundred
.l.nn.anrf dollars was also added to aurdus. mak.
in that (und six hundred thousand dollars.
' BAJ1UKL C. EDMONDS. Treasurer.
tiik uuuau COAI. AND NAVIGATION
(OMI'ANV
Philadelphia, Oct. SS, 1019.
IJlildend No. 1,
Tna Hoard of Man.isera this day declared a
quarterly dividend of two per cent ($1 per share!
on the capital stock of tha company, payabls
Nor, 20, 1016. to stockholders as registered on
th iirxiks of the company 8 o'clock p. m.. (let.
81. 1U10. Checks will be mailed to stockholders
who have filed prrmsnent dividend orders.
llBNKY 11. I'tsASK. (Secretary.
DIRECTORY Or ACCOUNTANTS
Certlil.d I'ulille Accountant
1MB
LAWUKNClt K, ilttOWN ft CO.
ttcAi. mnxvm -ftwHn uvtLMMa
Zenith Furnace Company
ZENITH COAL PIG IRON COKE and GAS
Fnrnnre Conl Docks nnd Otens, West Duluth
OFFICES, FOOT OF S8TH AVE. WEST
DULUTH, MINN.
T.ow!n II. Merritt.' Duluth. Minn.. Aumixr 2. ISIS.
uuiuiu, iniuii.
Dear Sir: i
You will recall some time nco our commenting to you upon the very satisfactory results wo wero
RCttlnr; In our furnace with your Section 30 ore.
Since that time wo have been doing some expert mentlng with this ore and In the last few weeks
have Aery materially Increased the proportion of Section 30 In our mixture, reducing our percentage of
Mcsalil ores.
Tho iraults obtained so far aro fully up to our expectations, both In tho worklne of tho furnace
nnd Increased production, but the featuro which appeals most to us Is that since we have Increased our
percentnuo of Section 30, wo have reduced tho Hue dust which blows over about 60. and you can
readily realize tho very great saving we are making through not losing bo much of tho ore through our
down-comers.
Wo cannot speak too highly of tho quality of tho Section 30 ore you nro furnishing us and a fur
nace man should indeed consider himself fortunate to be able to obtain an ore of such high grade.
Yourn very truly.
SSI3XITH FUU.VACn COMPANY.
FRED C. HARRIS.
General Superintendent.
SALES.
This season's sales to date total 260,000 tons, and the Company this year is earning at the
rate of twenty per cent.
The Company has authorized for sale for next season's delivery 350,000 tons.
EARNINGS.
With the expected Increase of $1.00 per ton for ore next year, not counting on any Increased
production, at least 40 per cent, is a conservative estimate 'of the earnings for next year.
POSSIBILITIES.
On the eastern' end of the Vermillion Iron Range are the following shipping mines: The
Chandler, Pioneer, Zenith, Sibley, and Savoy, all owned or operated by the United States Steel
Corporation, with the exception of the Chandler, Their earnings have been and are tremendous.
The owners of Section 30 are confident that it will prove to be as large, If not a larger, mine than
any of the above-mentioned properties.
Chandler began shipping 1888, total shinned to Tan. 1. loin Q7127 n.
Pioneer began shipping 1889, total shipped to Jan. 1. 1916. 9.8is!s62 tons! v
began sh pp ng 1899, total shipped to Jan. 1, 1916, 1,823,423 tons,
began shipping 1899, total sh pped to Jan. 1, 1916, 2,323.041 tons,
began shipp ng 1884, total shipped to Jan. 1, 1916, 8,764,311 tons,
began slapping 1892, total shipped to Jan. 1, 1916, 4,375,674 tons.
Savoy
Sibley
Soudan
Zenith
SALES AGENTS FOR SECTION 30 ORE Plclcand., Mather & Co., Cleveland, Ohio-
An initial offering of 17,500 shares at $15.00 per share was made in Chicago and
Milwaukee lastweek and was quickly taken.
Iron Ore is the most staple of all staple products. It does not burn up, it does not
blow down, it does not blow up, it is not affected by weather conditions, black rust or
boll weevil. There are no present indica'ions of its going out of fashion.
Based on the extremely low capitalization of the Company, its honest management,
its extremely high grade product, its increasing production and the present unprece
dented demand for Iron Ore, I recommend the purchase of Section 30 Mining Company
stock at the market for very much higher rices.
The stock is traded in on the New York Curb and orders must be placed through
your own brokers.
LEWIS H. MERRITT.
la V
hi
i:
i
J.