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BVEHlKa LBDaBB-PHlLABELPHlA, EmnAY, UCOVfiatBER 10, 1930
u
WnlfatwWifilr-
FINANCIAL 'NEWS
taWILD TRADING IN WALL STREET;
i, 1-
n&.. . ;
fl
MANY NEW HIGH RECORDS MADE
w
iK-P.
-
'A
Avket Gets Beyond Control for a Time and Price Move
ments Are Determined by PJunging of Western
Operators on Big Scale
NEW YOItK, Nov. 16.
It was a day of wild trading on the Block exchange At first and nt
frcijQimt intervals later on the metal stocks were most prominent! hut specu
lative attention was quickly diverted from group to group and new high records
ivere constantly made. It wrut evident that Wall street had lost control of the
market for ft time and that price movements warn determined by plunging on
nn" enormous (scale by aggrennlvo western operators, with local energlcn reflected
In vigorous marking up of Bomo stocks by strong pools whlc have been active
here for n. long period.
The greatest advance was made In tiulf States Bteel, which sold from ICO.
the closo yesterday, to 193, showing a gain of 52 points from ltn clonl;ig price on
1'ucsJay and 34 for the tiny. New ork Air llrako mado an advahco pf innro than
10 points, selling above 182. In the afternoon Lackawanna Htocl rono to 105,
Actvajices of 3 to 4 points were established at high records Itepuhllc Hteel Belling
ft. gain of mora than 7 points,, and a number of the minor steel Industrials, with
above 87 and Pressed Steel Car, above 81.
, The copper stocky were also traded In on a largo scale with Inspiration
Jtiftml Chlno and Anrtronda tnklng h place In tho list of record-brcarors The
marine Issues had their powerful friends who mado both the common and pre
ferred stocks movo up sharply
All through the day there was ovldcncc of prolU-tnhlng nn a large scale but
even blocks of unusual hIzo wcro easily marketed nnd absorbed with only n
temporary Infltionco on price1!
In tho low-prlccd- Blocks thero was simitar absorption, Van KmbUrgh nnd
Atterbury taking 20,000 shares of Corn Products on n single older, putting
tho prlco of that stock up 4 points to above 23 American Smelting, In which
thero was pool buying with tho movement generally attributed to Kugeno Meyer,
Jr., after advancing more than 1 point, reacted In tho 1ato trading.
t Tho Interests which have been bullsh on tho market wero perplexed uh to
rhat position to take, most of tho big operators having sold out their Btocks
nd being now cautious about buying back tliclr holdings at tho advanced levels.
Thoro was heavy trading in tho Irand''' markot, with convertible Issues In
,urgont demand because of tho sharp Incrcaso In their convertible valuo roiult-Jng-
from tho higher prices of tho stocks Into which they may bo changed.
Ltickawnnnu Steel lis advanced to iibovo 109 uml tticro was heavy trading In the
Chill .Copper 8s, which rose to above 13C. Tho Itock Island issues were nil
heavily traded In and wore sttong.
. More Cold Ih Shipped to Argentina
NEW YOItK, Nov. 10. Tho National Hank of Commerce In Now York Is
Shipping an additional $500,000 to Argentina. Tho National City Cank Is ship--'
ping $1,000,000 gold coin to Argentina. This makes n total of J8.n6o,000 gold
engaged for shipment to South America on present movement. Tluojios Aires
exchungo on New York Is ntill declining. Tho aunt lit ion tortny was 1.0015G gold
pesos to tho American dollnr, a decline of 5 to IB points since yesterday. Parity
Is 1.0366.
COTTON MARKET
SHOWS ACTIVITY
Prices Are Generally Higher.
Defpand Is Good Sellers
Not Aggressive
COTTO.V nKI.T WKAT1IKR CONDITIONS
NEtV Vllllir. Not. IS. In the roton belt
this mornlnc front was reporter! In aouthrrn
Trim. Alabtma. (ieorsla. North Carolina
and Tennemee. Tlie followlns temperatures
Tine,
vrttr reeorclfil: .slietil
IHi Naehrllle, Sill
Knoitltle. jllrinlniliam nnil Meridian. 3Si
I'hattanoocn nnd Atlanta. Sli Muron nnit
ltatelsli, 20i Montgomery. Vlrksliurc, lort
Smith, llel Ilfn nnd rhnmusvllle. l'en
encohi. Memphis. Little Hock, AMIene. VI II
mlnitun nnd Augusta. SOi Mobile and
C'hsrleston. SSi Oklahoma. Havaiiimta.
Hhroirrport and Jacksonville. 31 1 Han An
tonio. SOi New Orleans and Carpus Inrlstl,
3a.'and Tampa, 40. ..... . .
There o .01 Inch, preclpltutlon at
Kalelsh. .OS Inch at Charleston, .30 Inch at
Jacksonville und 1.80 Inches at Tampa.
NIW YOHK, Nov. 16. Pronounced ac
. tlvlty was displayed in the cottort market
" this moVnlng, with prices rather Irregular
on tho call. December odvanced 17 points;
January, 14; March, 1; Slay, 1, and July,
6, while October was 9 points down. There
was only small trading jn JJcrcmbcr, with
no supply, and tho strength "of January wan
duo to a purchaso of 10,000 bales by a
prominent spot house from one of the Im
portant traders.
This trader, however, was a good buyer
of the later options. Dcmapd came from
pot Interests, southern houses and Wall
street, while tho selling wps dpne by com
mission houses, Liverpool and room traders.
However, there was no great supply of tht
lata options and the market Jn all had a
steady to firm tons. After tho call there
Was some rearrangement of prices, Janu
ary falling 7 points, while Jtureh rose 3
and May 4 points.
There was a lot of cotton for sale around
20,60 for May contracts, but It was ab
sorbed bn reactions to 20.45 for that posi
tion and the market showed Increased
Strength late In the flrst hour on continued
trade buying, covering and fresh buying for
long account. Tho advance carried May to
20.85, with active months generally selling
about Jl a bate abovo last night's closing
figures.
Reactions of t to 12 points followed and
the market was somewhat unsettled after
Ji o'clock, and it was less active during the
nooit hour.
The tapering oft In demand from shorts
led to an Impression that the technical po
sition had weakened and reactionary senti
ment was again In evidence. Sellers
showed no aggressiveness, however, and
prices held steady within or 7 points of
the beat.
There was a rumor that preliminary re-...J-
t th. Vntlnnnt tinners' association
showed a ginning of 1,100,000 bales between
November l ana u.
New York Bond Sales
December
January
March .
Kar . ...
July
mot
Close yea. Open.
...20.03 20.50
,.:;.-jo.2
; .'.,20,4s
20.05
20 S3
MAi
20. IS
20.11)
Hint!.
20.10
20.00
20.H1
20.KO
20.7S
Ijtw.
20.13
20.111
20.30
20.4S
20,41)
Cloae
2II.8T
20.12
20. 8 S
20. T3
20 T2
Llvcrpool Cotton
' UVEnPOOU Nov. 18. A fair business
was done In spot cotton today, and prices
were li points higher, on the basis of 11 Old
for nild-upland, The sales aggregated SQ00
iMles, Including 6000 bales American. The
ltniort were 1000 bales, none American.
Th market for futures closed steady, at a
pet advance of UHCSl poluts.
FOREIGN EXCHANGE
NEW YORK, Nov 16. The feature of
the foreign exchange In the early dealings
.' today was the resumption of strength In
-" Russian exchange. Influenced, by the more
J.fiK'orable indications relative to the 50,-
,.J)TJ-fyij10.i)00 loan In progress. Ituble cables
' ' rose 30.10, which is lHo above the low
flifyre at the close of last weeK Business
j yaa vey moderate,
r Quotations Demand sterling 4.7$ 11-19.
,Mi 4-76 f-H. 60-day bills ,7l4, !0.
SScStM bUU 4?i frano 'cabtts 6.MH,
SS$ltJ&& 5 81Hi relchsmark w6les 6 J-16,
jSfeB!&Bka 68 Hi Swiss cables S.SJOHi Checks
pSaRlt'H-S Itroner Scandinavian cables ?8,S6.
.irtthick 2181; pesetas cables 20.46, checks
f,S9; guilder cabins 40 16-U less l-l.
' 4Qka 40 less 1-18 ; ruble cables 30.70.
c'ifc'ck 3Q60. lire, cabtes, 6.f3!4; "checks
T Mj VIejjoa atea II 66 checks 21.(5.
j nttfvAJeon monpy
' . tlall
( Tart 3 VfYi
iiajwiu j
ea. . . . S7f .
ca . . . mm
Time.
3 (4
HttI
4 1M
oivi
Slft.
CMJunertWI Br. i W e taontfcs, PhlUdil-
I, 1H'I
ier seat
fc BANK CLEARINQS
J3i Haa (tairttua t4a camvared with orro-
9 W,Wl,Spf?,WW
110(1(11) Ailama i:nr..i
200(1 Amcr AKr cv ftt .
OOIIO iln ,frt). Ka
. nuMio Anslo-Kr ,n.. .'.' .
OI.'iSoo Amtr Hmelt Hec Ha .
, llHJtiO Anw Tel clt la
lliuiiu Amer Writ Tan ll.. .
iiooo Armour Co IWs ..
3HOOO Atcnlaon sen la...,
1IOOO da mil la. ,'. . .. .
ilnoil Allan U'o Une clt la .
Union Halt A tnlo 3Vj
2OO0 do r.a... . . . . .
IIIOOll da 4a
3KOOO do cv IHi .
Iiiiiiio nrud-ii Con n . ..
Iiiimi Ilrook ltap Tr B .
touo Can (lovt S 1121
nuiin do Ra iU2d ... .
loooo do n loai
ivmr Cal laa & Kite 3a .
2000 Cent On cona 0.. .
110(1(1 Cent Leather tat a
312000 Clllll Copper 7a . ..
2(10(10 Chea & Unlo dv Ilia .
IIIIIIIO do IVia .. ,.
207000 do conr As
20011 do 3a
200(1 Chi tAHon alia ..
23000 CHI at Weat la
SIMM Chlr Un Hta IWa
sniHHi I! U t U joint la
SOim Chi M lc-ttt 1 la 1D2d
loooo 0 dlr la . . .
2IIIMI do conv fla . . .
10000 Io cv 4Mb ...
hoiio do een 41. a . . .,
nooo Chl Mil A H la..
31100 Chi It I & V rfd 4a
17UOO do 3a . .
237011(1 do fla ct one ala..
innnil do 4a
nooo Cnt & Homh 4Ha .
UU3IM) City n( 1'arll. Ila . .
2000 Con Oaa conv Ha. .
uooo Culian Am Uusar (la
2000 Den k Ilia r .-. . .
nntst do rid Aa
20000 Ilia Srcur Corp Aa
llllio i:rle sen la
30000 da conv 4a Her O
Mild am l:i-c 3lia
loooo Ureal Nor lat 0a
3000 Hud it Man la Aa
. i Olio do rfd Aa ., .
loooo III meet deli 4Ha
hOUO Indiana Hteel Aa.
I.looil in Central la 1U33
ll(U)l) Interb Met 4Mb
J31I00 Jnterb 11 Tret ISa
1(1000 Inter Mer Mar ,
Auoo Jnpan new OS ilia
llooo Kan City So 8a. .
1000 Klni Co i:iev Hta la
3U0OO Lacka Hteel Aa 11123
13000 do 3a 11130 . .
liiniHi M: Sh deli la IH2K
1100(1 do deb 4a 11131 . .
100(1 LorlllarU Aa , .
sunn dii 1
1000 t-ouli A N'aah 4a .
20000 Manhattan Hta 1a.
(looo Mo Kan T lat 4a .
Soon Mo Kan irti ...
23(1000 Mo I'nc w I la ...
4000 Mont Power 8a .
AUOO X J (1 Ilwr 4U
1(1000 Xat Tub 3a
3300(1 .NYC Hud Ila ...
A0O0 do 8W . .
33000 .1.1 4 'i a
33000 NTL'i Hud con 4a
noon n r naa ii & v u
2OO0 N r (laa HAT .".a
17000 N V N It A II ta
4000 N V ltwy ref 4a
1000 N r Tel aen 4Ki
7000 Nnrf A Weat cvt 4Wa
Kioo Mart e weat ia.
2UO0O South Ilwy ten la
20iMi no on Aa
looo Third Am ref 4a.
7000 TOl 8t 1. A W 4a
S.'OOO 11 H H K ila. .
.".ooo ir H Itealty Ss. .
STOilll ir 14 Hl.'.'l a f .".
11100 II !C pfll 11 Aa OH t
3000 Union rue lat la. .
IUH.UI i n iiw) 1 l
21000 Va Car Chm lat Aa
soon d '.... . .
10000 Va Ilwy Aa . .
10(10 Wnl.rtnh lat Al ,.
1000 do 2d it.. .
4000 Weil Union 4'.a.. .
10U0O .Wheeling A I, H la
Hlah. Low Cloco
Mil HU Ml
102 liiili HUH
Kill. 101 llllii
tl.lli IIIJ4 Pit.
P8t 118(4 IISH
I2lI lltljl 11 lU
107 1117
112 Hi
7S'i 7.1".
1011', 1110
ini
H.V4
iSoji
2(U
4
Kll V
MUti
7.4 K
SU
71
714
74
K.-.S
si 4
I no!
mi
07!
Of 111.
M 1W
lno'i loo
10U 10 J
nn us1!
lot tin
127 127
u.i un
II3H 113
7Kli 7H
7HH 711
OR 117
iirT4 unit
00 1)11
102'4 1112
liny, 1134.
till II U
NOW h.l'i
NIIU 80
10th mm 104V,
it. 11 ii?
7AI, Xinii 7AH
noli ovi en I
14014 HOVi 14IIH
Ul't 1)4 'i II 1
7814 73J4
stl. illtl
112 (12
110 111
IIUl. IIM
lllllV llIT
.1-1(1 nsTs us M-ia
imrt iiii; iiiin
1111(4
III) H
lini
inn
Hit
71114
(17 K
IIIl!.
104S
Kilt.
7.1
nu.
too
H3'
101
IJ7
HAS
V55
7(14
IH
tlll'i
III)
I02'4
1134,
1'
mi
XIIVS
en
70
10214
HIT,
ll'l
1U7
411
(ml,
tons
j I'u
40
Mill,
to.' 4
no',
tllAH
1(1(1
?& .ii. m
DIVIDENDS DECLARED
Federal Jllnlne and Bmeltlne Company,
quarterly of 11 per cent Onr tn preferred lock,
payable December 13 10 atotk of record Novem
ber 22. Thla la an Increaan of ' per cent oter
the declaration tnrr" months aso,
I'nrlnc Mall Hteamahlp Company, quarterly
of IK per cent on Ila treferrd aiwk, payable
December 1 to atock of rnorM .Suumbar 21.
Vroducera' Oil Compuny. regular quarterly of
2H per cent. paahle December 31 to atock f
record November 20.
Cuban-American Hurar Company, reaular
quarterly ut tt per tent on preferred and 2Vk
per cent of yumnioit stocks, payable January i
to atock of record December A.
U S. Qypsuni Ij.niiMOy fKU'r ipiarlerly of
14 per cent un preferred atoik. payable Decern,
ber 31 to etovk of ifuirj December 22.-
Natlonal Lead Company reaular quarterly of
1 per unt, 00 Ita common noclc. payable De
cember 30 to holders of record December X.
A dame Bapresa Company revuter quarterly of
(1 30 out of net aarnlnsa of express buetneaa
and net revenue from company's Investments.
Dividend payable December 1 to stock of ri'iord
November 21
National Iad Company, resular quarterly of
1 per cent on common slock, payable December
30 to stock of record December 8
llrooklyn Union UtsfCompan), rem la r nuar.
tsrly al 111 Per cent and usual semiannual 0! 1
per cent, payable January 3 to stock of record
December 14.
Initial for Union Hag and Paper
, NEW YORK. .Vov. 16, Tlie Union Bag
and l'aper Corporation today declared an
initial quarterly dividend of IH per cent,
on atock of the new corporation. The dlv
idend is nayble Peceniber 15 and puts the
ttotfc on a basis ! i pir cent, annually.
Cushman Sons' First Common Payment
NBW TOOK. Nov. 16. Cushman Sons.
Inc.. have declared an ln)l dividend of
I per cen on the common atock and the
regular Sli per Mnt semiannual on the
preferred.
L I IJ.J III
BAB SILVER
par aiUer was Quoted in fcondon, at 4d.
-4 4, ;!?. iS'S f9mmmw
!? sVtitjcauw
4FBuMmmmMgMB5' -- -. i
New York Stock Sates
, Last eloee. Hleh, tete. Ctoee.
Acme Tea.,.? 07'i 67H 0714 AJK
AJat'nnbhef 73J. 74 73)a 73H
Ala.Jca Gold At ., 14! UH Wi "Jf
Alailta : Oold M 8) 811 8 W
Ailli.rntmjMnjM. 31K 32), 31 31'.
Atlle-Chal Mfgpf.. .... 00 M 89 SO
Am Ae Chemical -.87 88 87 8g
Am IlretSotst 103ji IOTM 103 . If",
Am Can aitj noj. Mil' (''!
Am Cnr A Fdr . , 09M 7IH COJi 71!i
Am Cotton Oil 63 M 53. o3.
Am Hide A Uathef .. 6H 10 16M 6H
Ant lllrte ft U pf. . . 70J, 70', 70 0
Am Ice Securities 2814 28k 28M 28 H
Am Mnw 22J, 2.1U 2314 23W
Am t.lnscl of 63J4 MM 2M 62M
Am LocomotlTO . . . 03)4 OS B3'f 1
Am Malt cqrp'n 1())J 10 10 10
Am Mlt Corp'n pf .. 40!f 40M 40K 40J
Am Smelt A Iter 121M 122Ji 120M 122
Am Smelt A II pf . ...115'f 110H 110H 1111)4
Am Smelt, pru 03). ufl. DOM
Am FuBit Itcflnlne. ... 118M 110M 118 118
Am Slrel Foundfloj. . ..00 fHW 00M 00)4
Am Tel A Tel 132)4 133M l'"2)i 132M
Am Writing P pf (KM (15'f 01 0i
Am Zlne L ft 8m . ... fi7)4 00), 08 COM
Am Z LABpf 83 83 82)4 83
Annronda Cop M . . .100M 10-2)4 I0IW I01H
Atch Top A S K 104)f 105 10-Df 1WM
Atch T ft 8 F pf .. .100)4 100)4 1001J 100)4
AtlflultA W I IVAK I27 124!1 120
All O &W I pf. f. ... .72 72)4 72)4 72)4
"laid Lorn Wki 804 87M 80t 80
IUU A Ohio 8.1)4 8014 8."i.'i 8015
Halt A Ohio pf 7o)4 7o)f 75M 75M
Helhlfhem Sleel 018 O.Vj I1S1 05."i
Helhlihcm Slrel .if. .. 160 100 lfl.i 100
llutte i Superior OOW 075' 07 07!
Cal IVtrolcum 2214 23 23 23
Canadian Pacific 171 171U 170'. 171W
Central Ialhor .. ..108)4 113' Hlfi'i 113)1
Central Leather pf .. 11014 110)4 110)4 110)4
Chanrtlci Motor 100 100 100 100
ChiiftOhlo mi 08 00)4 08
Chlcajo Great West 14 11 14 It.
Chi Clreat West pf .. 11) 41)4 -11 4M4
Chi Mil A St I' . . .. V2U 03Ji 02)f 0.)M
Chi A NorthwMtetn. .. 128 120)4 120)4 12()S
Col Oa.1 & Eire 41!. KM 104 4U4
rhllll&Pic -A2U : 31!1 33
Chile Copper 2fl 28"f 20 28'
Chlno Coppor 08)4 70K 08 01)4
Col Fuel A Iron MM t,7H CAM tOK
Com l'niucts Hcf 18J 23)4 21 2314
Corn I'rod Itef pf 100 104U 10J 10214
Crucible Steel .S0)4 OW hOJi l)0!i
Cuba Cane Sosar 72(1 72 71! 'i
Cuba Caoo Sujir pf . . . . 08J 09 ui) 01)
Distill Sec Corp'n 13 13)4 -MM 13)f
Ktle 30)1 3714 30 ftOH
Krlo 1st pf CI r,V.i COM fil
flaston W ft V 42 4.4 42)4 41
General Klrctrlc 180)4 181U 181 183)4
Goodrich DP 0J) COM 09)4 C9'4
Granby Consol OUll 101M 100)4 100M
Great Northern pf 110'. 118)4 H7J. HSU
G N cfs for oro prop.,.. -MJj 4IJ4 41 A4-i
Grecno-Cananea 51!' C2)4 CI fil
(lulf States Steel 131 103 IOC 183
Gulf Slates Steel 1st pf 100 108 107 108
Gulf States Steel 2d Pt .157 100 17C 180
Illinois Central 103)4 10-1 101- 101
Insp Con Cop 00)4 70M 00)4 70)f
Int Acrlcultural 20 20H 2A!i 2CM
Int Acrlcultural pf C7 67M 07 C7
Int Con Cor v t c sh. . . 18)4 18)j 17M 17M
Int Paper 7W 71M 00 K O'J'f
Int Paper pf lO.Vf 100 t05M 10.5)4
Int Nick tt cfs COM COM -IDM COM
Int MM cot dp -10M -IBM 1(1), -17)4
Int M M pf cofdp....l20M 121M 110H I19M
Jewel Tea 88 87 e7 87
Kan City Southern 20 20 25)4 25M
Kelly Sprlne Tlrt 70)4 77)4 '.7 77)4
Kennccolt Copper CUM C7M COM 57M
Lack Steel Co 07JI 105 0754 I0Hj
Lehlch Valley 81 82 81 81)4
Mackay Cos 85), 85M RVi 85!f
M&ckay Cos pf 0C)4 00 00 00
Maxwell Motors 78M 78 70 70
Maxwell Motors 1st pf. 82)4 82! j 82)4 82)4
Mei Petroleum.' 110 111 10SM 109M
Miami Coppor 40M 471 40)4 -MM
Mllin St 1 A S 8 M. ..121 123 121 12.1
Mol'acwl 25)4 20 25M 20
Missouri I'ac Ir cfs ... 0 10 OM 10
Mo Kan A Texas. ... 7)4 7)4 7 7!j
Montana rower . . 07)4 08 975 OS
Nat lllscult .. ..121 123 121 12.1
Nat Knam ft S Co . . . ;MJ,' 30 ,'MM 31M
Nat Lead Co COM 70M 09M COM
Nev Con Cop 28)4 29M 28M 20M
New York lr Hrako....l71)J 182 170 177
New York t-entral 100)5 108 100M 1(I7!
N Y 0 ft St L 1st pf . 75 hO 80 80
N Y O & West 20 30 29 30
Norfolk ft Western 139 142M 139)4 I41J4
Northern I'fclflc 110)4 111M 110M 111U
Ontario ollvcr Mln . , . 7)4 7)j 7)1 7)4
Pacific Mall 20 20 25)4 20
Penn llallroad COM 57 fiOJf COM
Philadelphia Co 41 -15M 41M .(4M
Pitts Coal c of dp 42 42M 42 ii
Pitts C C ft St L .... 82 83H 83)5 83H
rressed Stoel Car ,. .,...78)4 81M 7BM 81
Pullman Co. . ..107 108)4 100M 108
Ry hteel Springs 54M C7M 65JJ 50)4
Itay Con Copper 34)j 34M iilH 'Jlii
lteadlne lOO.'i 10UJ4 i()7M 108M
Heading ls,t pf 41)4 44 43JJ -13M
Itopublle Iron ft 8 8IJ1 H7M 8U5 87
Republic I ft S pf 1.54 110 U5M 110
Shat Aril Cop 32M 34 33M XUi
Hoss-fhef S ft 1 89 03 00 01)4
Sloss-Shef S ft I pt . 101JJ 103)4 102 103)4
Southern Pacific 09 00)4 09M 09)4
Southern Ity 20)4 20H 20)5 20)5
Southern Ity pf COM 075 COM 07M
St L, ft S F w 1 22M 22) 22)1 22M
St Louis Soutlm est. ... 20 27Ji 20 27)4
Uudebaker Co 127M 127 120 120M
Tenn Copper 2J)4 23)4 23)5 23)4
Texas Co 225)1 220M 220 220
Teias Pacific 17M 18M 17 18M
Tobacco Products 53 S3)i 63 63
Union Baj & Paper 15 15 14 14M
Union Rag ft Paper pf . .00 82 82 82
Union Bag ft P new.... 1 10 117J4 111 115)4
United Fruit 103 103 102M 102).
union i-acmc ij hu H7H 148
U S 0 I I ft F 25 20)r 25)1 20
USlnd Alcohol.. V....13SJ1 141M 137M 138),
Unlted Rys Inv 10 17 10 10
United Rys Inr pf ..... 20 30 29)4 29K
U B Rubber 60 00M COM COM
U S Rubbor 1st pf. .....112 112)4 1I2M 112)5
U S 8m It ft M 76)1 78 1m 77).
U a Steel Coip'n 123 124M 123M 123U
U B Steel Corp'n pf 121H 121)5 121 121),
Utaa Copper 119 120M UOJt 120
Va-Clro Clwm 45 45 45 45M
Va Iron Coal ft 0 60M 03)4 01 03)4
Wabash 15M 15 I4M 15
WabashpfA 64M 55!f C45j 55
Wabash pfll 28M 29),' 20 29M
West E ft M 04)5 U5)j 03JJ 05
Western Maryland 25W 20 25)4 20
Western Union Tel.. . .101 101J5 101M 101M
Wheel ft Uke Erie 2 2 2 3
White Motor 55)4 55M 54)4 UH
V UI) I Overland.. . 39)4 39)4 38 38)4
Woolaortb. F W.. .138)5 I3SJf 138 138).
Quoted ex dividend.
NEW YOItK COFFEE MARKET
NRVV yOIfK, Nov 16. The coffee mar
ket waq fairly active at the opening-, and
Aral price? were unchanged to 3 points
lower, with trade intercuts again sellln".
Sales on the call were 12,000 bags.
Kovember . . . .
uecemuer ,,..
January
Hebruary ...,
March- ..,...,
April .,..,,..
Mv
June
July ..,..,...
Ausust .,,,...
H.l)''mDT
October
BW.
Today's
opening.
S.'oAOS.IO
8 07
!S7
ii'. 6008.31
XMqa,ti
s.us&S.ds
Yesterday's
close.
R.OJWH 01
H.Oa&H.Ot
8,1308,14
8.30O8 St
H.rQa.'JU
h a3W8.ai
8. 3D OK. 40
8.4368.4(1
8.B1&8 f.J
8 S0O8 37
8,flJ&8 03
8.IJT08.II8
Dank of England Reserve. Greater
t,ONPO,Vt Noy, !. The weekly etnte
ment of the Bank of England follows;
Total reserve 38,031,000, Increase 258.000;
circulation 36,891,000, decrease 278,000;
billion tt,47S.O00, decrease 19.900; other
securities 1106,233,000. Increase 5,651,000;
other deposits 114,924,000, Increase 3.67:..
000; public deposits 53,738.000. Increase
3.141,009; government securities 42,138.
OpO. Increasa flOOO. The, proportion of the
bank's reserve to liabilities; is now 25.50
per cent aralnst 33 20 per cent last week,
und compare with a decline from 2$)4' per
cent to 2714 per cent In this week last
year The clearings through the tondon
banks for the week were 332.339.000
against. 3U.040.000 last week apd 262.
398 OOO In this week last year The dls.
count rate, remained unchanged, at S per
cent.
Qold for Great Britain
fJEW YORK, Nov. 16. Gold to the
amount o 190,900 hair been withdrawn from
the Subtreasury by a prominent rwanclat
ij&stltutlpn for exportWo Great Br(ta(n.
r '
n-fenrft-
tvtamv aTtTjaiAi!r'Pt1AiT
1U"1 UUUMiiuvawaUi.
GAINS MADE ON CURB
Standard Oils Attract Attention
and Independents Are Strong.
Rock Islands Active
NKW YOItK, Nov. 18. There was active
trading In many groups'on the Ilrond Street
Curb today, with virtually all the actlv
Issues rnaking substantial gains. The
Standard Oil stocks attracted attention be
cause of continued absorption, with South
Penn advancing 20 points, to 480, Dhlo Oil
sold nt 383, Standard Oil of Kansan nt
560 nnd Standard Oil of Kentucky at RIG,
The Independent oil stocks also showed
n strong tone, 'with Southern Oil nnd Trans
port crossing 9 nnd rhnklhg a new high
record.
Harnett Oil and Ons moved up from
3U to 3. with the buying based on tho
acquisition of the Kentucky field, and ml
nnces were made In a number of other
Issues In this group
There wns active trading In the new
Hock Island issues with the common stock
ranging from 37 to 38 nnd the 7 per cent,
preferred from 80 to 87 The 6 per cent,
preferred sold at 88 to 70.
Cramp Shipbuilding wns a strong feature,
selling before nilddny from 93 to 9G. I.ako
Torpedo advanced from 11 to 13V4, but
Submarine was In supply nnd dropped from
10 to 39.
Mldvale Steel was In demand, with sales
nt 68 to 69 '4 Chnrtoal Iron reflected
continued accumulation, selling nt 8H to
8'4.
lNDUHTIltAI.8
inn, Aftxen.
Aetna Eploalvea ......... .!'
American nritlsn .vsnuiariurins. . . iz
American Mareonl a
I'anadlan Car Company . . ...... 4(1
Canadian Car and Foundry pfd... 70
Chevrolet Motors 1 7r
turtles Aeroplane 15
I'merann I'honosraph 12"4
Haskell and darker Car It
llandee Manufacturing 23
Kathodlon llronze preferred 8)4,
l.aurrl Oil and (laa OH
Maxim Munitions OS
Manhattan Trana
Mldvale Hteel 0,0 H
otli levator IT
Peerless Mntora 22V4
l'oole Knalnn loo
8 H Kresse w I 12
Xtnndard Motors 7
Huhmarlno . no
Trlanete Tllm 2
United Motors ns?i
United I'rnlH flharlns 1
United Mlalra 1. lulu and Heat com. 2
do preferred 4
World Tllm 1
MIHOni.I.ANKOUH
Itork Island common an
do 1st preferred SH
do 2d preferred iih'4
HTANIJAltD Oil, HTOCKH
Illinois 227
Ohio HS2
Pralrlo I'lpe 211
Htandard oil California Slit
Htundard Oil Now Jersey (I7B'
Standard oil New York 278
OTIIEIt Oil, HTOCK8
Cosden Oil LIS
Cosdell ti Co 17S
Inter I'etrol 10U
Houston Oil 11) (
Midwest ItedilnK 74
Mapulpa Iteflnlns It
MININC1 8TOCK8
Atlanta n
lluttn lcpper A YAnc IH
Ilutlo N V 2
Crrn de Pasco 4ft
First National 4Vi
Florence (loldneld t . . 25
Ooldneld Merser r,
llecla Mining H
Howe Hound 7 ',4
Jim Ilutler 0.1
Jumbo KMenslon , 27
McKlnley Darrash no
Masma Copper 57 H
Mines Co of America 2
Nlplsalnc 7
Han Toy 17
HI Joseph Lead 20
West ISnd Consolidated 73
WhPe Make 4
110NDH
Cerro fls 121
Mldvale Ss 08'i
!tuenlnn 0V4 s loos
II K tiA n a-year noli
U K Oils 8-year UKS
1)1,
20
8V4
no
so
180
211
12s
4 j
20
10
'h
ntiW
00
2.1)4
113
I.TVi
7".
40
LOCAL MINING STOCKS
TONOPAH HTOCICH
Hid.
Jim nutler S8
MacNamnra OS
Midway 22
Mlzpah Extension to
Montnna 2.1
Nor War IS
Tonoiivh Ilelmout 4H
Tonopah Extension S
Tonopah Mlnlnir (1
Itesrue Eula 27
West End 76
CIOI.DFIEI.D 8TOCKH
Atlanta . .' 00
Blue Hull 02
Ilooth 10
C O D 03
Comb Frac 03
Dlamondlleld D II 03
Daisy 0
Florence 23
Ooldfleld Consolidated 84
Ooldfleld Merser OS
Jumbo Extension f 27
Kewanas 10
Oro t 03
Band Ken 04
Hllver I'lck .. 20
MItELI,ANEOUH
Nov Hill 22
Nev W'der , 2.40
Tecopa Mln 14
Asked
1 00
.10
.24
.21
20
I
20
.77
.10
.03
tl
.04
.07
.0(1
.(13
.SO
.38
.00
.21)
.11
.04
.03
.24
2.40
.18
NEW YORK BUTTER AND EGGS
NEW YORK. Nov IB DUTTEn Receipts.
U IUU . .,... .khc, uv-
Pis.
S-!
higher acorlns. 4O04OWc: State dairy, 88
imiiauon creamery, iMvoanc,
1CUO.S Itecelpts, 11303 cases. Tine fresh esse
strong, market steady. Extras, 4Str47c; extra
firsts. 42(?4Sas nrsis. S8t4lc; brown. 48B3c;
mixed colors, SO O 47c. No change on white egg.
Bank of Frnnce Gains Gold
PAIUS. Nov. 1G. The weekly statement
for the Dank of France shows an Increase
of 13,604,000 francs In gold nnd a decrease
of 0,611,000 francs In silver.
n a
--ef efUlf
as
,B.,
tt I DT iTJT n ccm nrn
LyruUL,lV, dUlVVIVC
SECURITIES
Public Service Securitiea are a lien on
the success of communities
C, Municipal Service Co. 5 Collat
eral Trust Sinking Fund Gold Bonds.
G, These bonds are amply secured by
deposit of first rate;, bonds to an amount
greater then outstanding Municipal
Service bonds and a very considerable
equity in the stocks of tbe several
subsidisries.
C The companies' properties are locat
ed in Penns,, Virginia (two), Ohio,
So. Carolina, Georgia, which insures
the stability of earnings, which are
largely in excess of required charges,
C, Tax refund in Penna, FREE from
normal Federal iucome tix,
Becker Ayliig S "Vbvuvg
Land Title l31dg. Philadelphia.
Tax Free in Pennsylvania
Federal Income Tax Exempt
.City of Carbondale
Pa. School District
Maturings
""" ,U, Aeemb.r,7tt,,.,lBna,"1, "
A. B. Leach & Co,
US South Fourth Street
Na Tork , Chicago Buffalo
Boston London. Ens. Baltimore
DIUKCTOUV OP ACCUUNTANTd
Ctrllfltd l'ublle Atceuutjota
"uVrpKOKg. BROWN CO.
161 B liyAlT- E3TATU T8VST UUILOINa
dales in Philadelphia
llt.h
ISO Allls Chftl. si
I)W.
X1U.
10 Acme Ttc 7H 'V4
in do tiref. oati 1i
10 Anne Cop.IOJH, 102H
S5 H A H t c. 7 ti
nn fin Tii-nf. sou SOU,
BOO Chill Con,. U JBJ4
10 Cam Hteel. 13S
4BB0 Corn Tfod. tS'
130 Crucible Bt OtH
,j niec Stor, 10
100 Krle . .... 37
101 O Asphalt. 3114
80 II & II T 12
110 Insplr Cop 704
" ISO Ins Co N A 37
JSO Int M M ct 4S
is Ky Sec .. 3.
410 Key T Co 144
370 Kenno Cop S71);
2tiaj I.k Hup C iOYt
3 IB l.ch Nav . SI
310 l.eh Valley S3
10 I V Tr pf 43
1SJS Nov Cans. 2014
163 'North I'a. HI ,
800 Pennn It tt 37
21) I'a Salt M. 09
So I'hlla Co . 4
SO docum pf 42Vfc
170(1 I'hlla Kiee 30VH
10JS3 P It T t C 3BT4
200 I'hlla Trac so
(140 Itay ConB. 34
IAS Heading. .
too So Itwy .
I0A0 Ton Hel . . 44
680 Ton Mln .. SV4
SO Un Trac . . 47 V4
8JS Un (J Imp 02
1 Un C K J 228
leas IT 4 Kleel I24U,
to do pref 121V. I2IV
100 Utah Cop .110 11094,
20 War I & H 0T4i
IWJASSM
1(113 IV Cramp. 08
Kx dividend.
I10N1T4
High,
32000 A O&Kl Bs 0(1 Yt
11)00 UHKl LOCO
1st Bs ..1014 10V4
1000 Choc gn Bs 1004 100H
1000 i: & V T 4s 81 SI
3000 i:i 1 n Bn ion ion
nooo i.k Hup 1 nc
En ... 404 48
6000 Loll N conn
4H ...103 10214
1000 Leh Vnl 1st
tr 4s .. 02 02
6000 Pa con 4s
1918 ... 00
2000 I'hlla Co
cona Es. 01 01
21000 Itead gn 4s o",4 05
3000 do Tor Ds.ll2i 112y4
isooo Un Ilwy
Inv Bs.. 7tl4 70
183
22
00
60
31
20
12 -
604
27
41
26
II
SI
21
804
814
43
20
03
SA?4
00
44i
42
284,
234
80
31 Vi
100 1014
214 21T
4
AM.
174
014
226
1234.
014
80
02
I.OW,
084
(5loee.
32
. 614
084
1034
61
604
284
13.1
234
00
10
31
314
12
104
21
41
2S
UVe
S1 14
2SU
804
82
43
20 i
03
SI
00
ir.
42
2D
24
80
344
100
2114
4
l4
414
02
22S
123
121V.
110
1fc
no
.oiii
Close,
04
1044
1004
81
100
Net
cbse
-a
14
14
1
H
3
44
14
iy.
4
4
1
1
3
V.
1
t- li
14
114
14
4 V,
1 '.
V.
4
V'ii
214
I- Ii
'-4
4
(
-- 4
I
2i
Net
chge
V.
V.
48
103
4
00 00 fc
01
08",,
1124
70
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.
&m.tarkgo.
iuNiains
(Established 1837)
321 Chestnut St., Philadelphia
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 4Vi to
Over 6
Copies will se urtitshed on refuse!
Edward B.Smith & Co
EsTisLuntD 1803.
BANKERS
lemhers Weia Vorfc and
FMladelpMa Stock Kxchangti
14J1 Chistmot 8r FuiuDixr-nu
89 X'lhS 8TBCR NSW YOSST
TAKE sUePfiftlOR COEPORATIOK SfOCK
BECOMES ACTIVE IN LOCAL MARig
Notas,Much Business in Rapid'Transit Trust Certified
Cramp Shipbuilding Gets to New High
Mark for Recent Years
Demand Appeared tor Lake Superior Cor
porntlon atock soon after the opening: of
the 1'hllfldelphla Stock Kxchanga this
mornlns; and before midday It was nd
vanced lo within a fraction of two points
as compared with the close of yesterday.
The stock was by far the most active In
the list throughout the whole day.
While there was still sdme demand for
Philadelphia Itapld Transit trust certlllcates
the Issue was not as active as has been
the caie In the last several days. The price
got up a. small fraction durlhK the morning.
One outstanding feature of the morning
was n gain of 3 points In Cramp Shipbuild
ing to 95. This Is the highest price at
which the slock has sold In recent years.
Home 700 shares wcro turned over befor
midday, and while there was no news to
account for the strength It was said that
buying was largely for New York account,
for Interests seeking a controllln l.i. A I
In the comnarty, "B lmi
Price movements nil through it,. rf
were a-enerallv to hlah.e L.,.t. "! "! mt
most part they were confined to trlft, tt
United States Steel common V
nctlve nnd the price moved tin nesM.Vii'
fhttarielnhta. fnmn.nu "? nearly tU
strength, at one time being 7L,nS
2 point A new top for th.yew w7 JS,
i... tt. .w.l. --.i m...i.-l- v, was his,.
u, ,..u aim au.-Hiuenanna common tS
LIVE STOCK QUOTATIONS
CHICAOO. Nor. Ifl. Hosa n..i.
head .Marset BOlOc Jewel! xfiSS".'!!, I!?
era. l.10fB03i soml heavr, IsoofloSS !
j,-k .v
c lA-'Tr-",".'.. '.''i,"'. Bsa. U..I.
Q1.H0J Tesans. I7,ioj8.90: calres inr!k.,t
SIIIBr neeelpts, 14.000 hi!l1,1,y.35
iiuiitf . inuuci mm wesifrn. 11 isaj':
lambs. IB.28O11.90. n M10t.M
Knk V aV;'
-mil
Mill mh' II
i Hill ii
PHRm' frT Bin m llr r '
f A t JvBJHUSHjSMBJWJBBBHI
a i p
A .
m "LfBM
X' 'NOTHING TO
Tlie History of the
New York Curb
Market
When yoa pak of Tho "CnrD'
Market do you know exactly Khat
it is, what' it represents and what
it means to American finance? Do
you know that the New York Curb
is the
Second Largest
Stock Market
in the world, and is reeopibred by
the leading bankers and financiers
of America as performing neces
sary and important functions that
are accomplished in no other mar
ket? And do you realize that most
of the prominent industrial and
mining stocks of the day had their
beginning and their rise to public
favor ana financial power on the
New York Curb?
"The History of the
New York Curb"
Is tbe title of an aotbsaUe pocket-etas beet
we bars Jptt prepared tbe only work of its
klod In eitateoce detslllBg tbe history, de
velopment sod fnnetloni of this Important
nirket asd sopplera-nted wtth a balf-toae
pbotosTipblc reproduction ot "Tbe Cart"
la action. It will be sent jon on reeneet.
Ask for T.U,-73 or for
convenience use the
coupon below.
Jones&Baker
. STOCK. QROKIHS
PH1UIDELPH1A
Widened SUslfofkig
Dhont: BElL'WAUtUT 10-
r"B"": KEVSTOHK.aACfi
NEW YORK' BOSTON
(CHICAGO PHILADELPHIA
PITTSBURGH
SELL BUT SERVICE
Earnings & Dividends
OF
The Barnett Oil & Gas Company
Irvine S00 bbls. daily at $2.05 $4,125 annually
West Virginia 55 bbls, daily at 3)2.60, 61,685 "
Gasoline at $500 per month 6,000 "
Total present gross earnings $441,810 M v
Cost, including operating and office expenses and
interest on outstanding indebtedness 37,200 "
Total net earnings $404,610 "
23 paid in dividends '
since April 1st, 1916
The present earnings are equal to 66 2-3 on the Company's
600,000 shares outstanding, or more than 20 on the present market
price of the issue.
The stock is actively traded in on the N. Y. Curb. This new
property should make it worth at least $6,00 per share sold yes
terday at 3J$.
, Watch today's market
No better opportunity for an advantageous investment can occur
even in ihis record-making period.
Write Tbone Call for full particulars
E. H. CLARKE
Investment Securities
Morton B. Alexander
(Resident Partner)
Phono 1149 Spruco
Stock Exchange Bldg., Philadelphia, Pa.
27 William St., New York Kinney Building, Newark, N. J.
$3,800,000
City of Montreal
Canada '
5 Sinking Fund Gold Bonds
-
Dated November 1 , 1916
- Due November 1, 1956
Principal and semi-annual interest (May 1st and November 1st) payablen gold t
the agency of the pnk of Montreal in New York City or at the
City Treasurer's office in Montreal.
Issued in the denomination of $1,000 in coupon form. ,
Montreal is the largest and wealthiest city in Canada and thej
principal commercial, financial, manufacturing and shipping center
in the Dominion. ' - "
Price,99 V4 and Interest, Yielding About 5.05
Wood, Gundy & Co.
14 Wall St., N, Y.
Kountze Brothers
141 Broadway, N. Y.
The National City Company
1421 Chestnut St.
Philadelphia
National City Bank Bldg,
New York
,
"f-'
lBMr-'" 'i A-PF asif 'f
f " - V1
t
MS:
Jte- i-iJfJsi ipgW"iiWiiipWf-
, - JliBlr'n III ill ltwmmi