U i
S3 T
u
EVENING LEBaEEPHILAT)ELPHIA, SAODAY, NOtTrBEB
' ,' - .?
serfs
. FINANCIAL NEWS
"
POPPER STOCKS SHATTER TRADING
-' RECORDS AND PREVIOUS HIGH MARKS
alf of Brokers on Exchange Floor Gather in Red Metal
Issues and Prices Leap in Scramble That
Results in Executing Orders
High Points in Todayls Financial News
Interest centered in copper shares in New York Stock Exchanpe trading.
New high records and activity were shattered. Wheat declined tn Chicago.
Cotton irregular in Neto York. Dank clearings for week increased 20.5 per
cent. New York bank statement showed increase in average loans and a de
efeass in actual, while surplus declined in both statements. Price of bar silver
higher.
NEW YOIIK, Nov. 18.
Apparently tho country had Bono crasy over night over tlio red metal stocks,
and trading In tho copper Issues nt and for a tlmo nftcr tho opening was of such
largo proportions ns to mnko the dealings puns everything noted before In tho
history of Stock Exchange operations, with many now high record prlcos reached.
1'robubly half tho brokers on tho floor of tho oxchango wcro gathered In half n
dozen copper Issues when tho gong Bounded tho opening signal and ut onco there
was a wild scramblo to buy theso stocks without regard to prices', blocks of thou
sands of shares being taken as quickly an they wero offered.
Chill Copper sold moro than C Ilva points apart on different sides of tho
i crowd at tho samo, Instant, the opening transactions being recorded nt 12,000
! shares, from 33 to 38, with moro Rtock takon as high as 39, a gain of Oft points.
Qranby Copper roso 12U points to 120, moving up 1 point nt a tlmo between
antes. In Konnecott tho opening sates' wero 15,000 shares nt 02 to 63H, ngalnst
C0?i at tho close yestorday. New high records wero also mado In Inspiration,
Kay Consolidated and Chlno. Anaconda roso 1 to tho now high record of 101,
and Utah Copper moved up 8 points to tho now high of 130.
Other new high records wcro mado In many of tho steel Industrials. Beth
lohom Bteel roso 20 points, selling at 700 for tho first tlmo In Its history, and United
States ftccl also made n new high record, advancing 2 points to 12G, Reactions
were just as furious as tho advances had been. Oranby Coppor quickly dropped
to 113, and Bharp docllnos from tho high levels were recorded In Utah, Anaconda
and Chlno, whllo Chili dropped to below 35. '
Tho advances at and after tho opening roleasod a hugo amount of nolllng
orders standing on specialists' and commission houso books, and whllo thin supply
waj easily- absorbed It held tho market for tho coppers In check in tho last hour
Of trading and only a few of tho copper stocks made additional gains.
Vigorous buying, howover, mado' other stocks reach now high levels, with
American Writing' Paper preforrod moving up moro than 7 points to 71, nlso a.
now .high record. International Taper at tho' samo tlmo moved up moro than 2
points.
Gulf States was an exception to tho riot of strength, falling 8 points to 167.
Tho railroad stocks wero neglected and changes in theso Issues wero without
Importance
New York Stock Sales
Net
ttUti. t-ow Close, chie.
Bltt
1SH
7
13
aiy,
80
103
toy
IV
Vt
V,
74 H 1
Acme Tea ,(..... 7V&
Advance Hum . . . tH
AJax Rubber .... 74
Alnaka Gold Mines 13U
Alaska Juneau . , V4
AUIs Chalmers .1.116
do pfd ........ nt
Am Ag Clieni.,,.
Am IP Sugar..... 10.1
Am Can onyt
Am Car & IMy... 7114
do pfd ,,,..... t 17
Am Kxpresn 137
Am llldo A Ij,... 17
do pfd ........ 74
Am lee 2i
Am Unseed ..... it
do pfd B3U
Am Loco 0.116
Am Smelt 121 lloi 1310ft 1V4
do pfd A 11(1 llOTfc tlOlf. Vi
do pfd 13 102
Am Hugar lis
Am Hteel Kdy ... (10
67H
1H
74
13
32 li
ft 0
M
103
?(.
7.1 ?fc
117
1.17
7.1
is 'A
22',4
S3
0.1
101 101
117 117
0014 1
117 V
1 37 Vi
10 V,
74 2
48yi
23V4 V
8314 tt
08 tt
00
Am Tot Tel 133 Vi 132 133Vi Vi
AMI Woolen 81V4 83 84
do pfd 08 OS 08
Am Writ I'ap pfd 71 fllVi 71
Am Zinc 08 03 03
do pfd 83V4 83 83 1
7
3V4
Anaconda Cop
Trading In bonds .was again on a lurgo scale, with tho metal convertibles tho
most prominent features. Chill Copper 7nvcro dealt In to tl(o extent of $1,000,000
In tho flret hour, advancing from 141 to 160. United Kingdom 5s sold nt 99 and
Anglo-French Bs sold at 95.
VIGOROUS BUYING
STRENGTHENS CURB
Many New High-Record Marks
Are Reached, Followed by
Much Realizing
NEW YORK. Nov. 18. A vigorous buy
' tag movement featured tho opening of the
market for outsldo securities today, with
many new high marks being reached. Con
siderable realizing developed in spots, which
tn some instances caused sharp recessions.
Copper and oil shares wero tho most prom
inent. Steels wero also In goud demand.
llngnm Copper showed a rather wide
opening, selling up to 69, an advance over
night of 3, with a subsequent reaction of
3 points. Cerro de Pasco was actively dealt
in, at times tho trading being demoralized,
and after advancing 2 VI reacted frac
tionally. Mason Valley was also heavily
dealt In at an Improvement of a full point.
Other coppers wero generally higher.
In oils, Sinclair wns tho most prominent,
at one time showing an overnight upturn of
nearly 3 points. Other independent shares
wero active and higher.
Mldvalo Steel was In good demand and
advanced 1V1. United Alloy Steel improved
54. Submarine' Boat' developed renewed
activity at an advanco of 1.
Tho Rock Island shares were less con
spicuous, but generally steady.
Motor stocks were quiet, with fair activ
ity In United, which, after moving up ,
eased off.
Bonds wero dull and about unchanged.
INDUSTRIALS
Bid. Allied.
Aetna. Explosives
American-British Mfg
American Marconi
Canadian Car Co
Can Car U VAt pref
Chevrolet Motors
Curllss Aeroplano
TSmeraon Phonograph
Haskell b. Ilarker Car
llende Manufacturing;
Kathodlon llronto pref....
Laurel Oil Qaa ,....
Maxim Munition!
Manhattan Trim
.Mldvalo Bteel
Otla Elevator
J'eerlesa Motors
Pools. Engine
a B Kreaga w 1
Standard Motori
Triangle Film
United Motora
United l'rollt Sharing
.118 I. A H
do pref .......,
World Film ,...
ItAlUtOADS
ItOelc Island , ,
da pref A. ..,........ ........
da pref B,...,
OIL STOCKS
Coaden Oil
Cosden U Co
International Petrol
Houston Oil ,,..
Midwest lteflnlng , V.....
Saputps. Itetlnlng .,
MJNINQ STOCKS
Atlanta
llutte Copper t Zlno ...........
Uutt. New Tori? .
Cerro de Paaco ..
; Klrat National ...
Florence Ooldfleld
Ooldnetd Merger ..
Heels. Mining ....
Hows Hound .....
lira - uuiwr .. j
Jumbo Bxtenelon , ...,... .... 5
McKintey-Darragh ..,.,.,......,, 60
Magma Copper .,,, 03
Mlnea Co of America ..,.,....,.. 2
NIptMlns Minn Co ........,.,,. V
Sfi lay 18
fit Joaeph Lead SIVi
Wtat End Conaolldated . ., 78
"White Qin , 4
BONDS
Cerro de Paaco 8a ........... ,. .1ST ,
Mtdeale Steel 6a ................ 08U
U K Ha 3-year ,,,,,.,.,,,,,.,. (
U K 6&a 8-year OSH
XOCAL MINING STOCKS
. . TONOPA1I STOCKS
ia. j
Hutler a .... ....... ...f ... .9S
ua
P
ID
Ittt
New York Bond Sales
1IH llSJk
l!i MM
V2
1)1
u IK
ltiill
in a.
10(1
umi
1".1 !i
141
ii.iH
ill
7IK
III)
D.1V4
Oil
n
7,-t
:ii
7 U
ll)3.
,.... ,, ,. lllfth. Low. Close.
JSllSn A,n a,,1,I CV ns or A H7 87 H7
laiilUAm Aur vv Cn JDJ14 11)1 1j!4
?;!' do cieh r,e ling loiVi liuU
lllllll Am Cot Oil Cn U7 117 U7
flU- inn Anglo ! r,a hsu ii.i .-,!i
"""" iii x'ori'mn nee on . . . iibwi
Mono Am Hmolt Hoc (la . ..li'iiu
I'.-.IIOO Am Tel clt is Iiaii
ai'iiuu Am Writ Puy n OJ
L'unii Armour Co l4 in
HIIIMI Atchleon iten -la tllW
3(100 Unit & Ohio C HiifJ
40(11) lleth Htl rfd 0a Ki'jS
S.VIllil Cnn Oov r,a 11121 lou
Kiuo do 11)2(1 1 1 iniy
oyuu Cent Lenth 1st o....lnafJ
Iii:i.iihio chill Copper 7a....ir.o
1.11)00 Chea It Ohio cv Be.... )SH
Hum) Chi A Alton 3s in
10000 Chi lit West 4 7 Hi
1000 Chi II A Q joint 4... Oil
lonoo o & Ht I' la 11)2.1.: u.1',4
i.-IOOO do rfd IHa u
;' Chl It l & l rfd 4 .. 71)
17000 do Ba 71
noun Chinese rota Ba 73
.1(101) Col & Houth 1st U... l)ll?i
331100 City of Paris (Is... lis
JII0II Del S. Hud cv In 1II.1H
Iiooii I)s Hecur Corp Bs 7lU
1000 l!rlo gen -Is 71C
nuuu do cv -Is Her D 8,lS
lloiio Uo prior Ih ! H4'J
i'SOOU arnnby Co (la. ., nn
431)011 III Hloel cteli'liia. 1 .031
?S S!! J". Central Bs 111.13. HO
J? J Intorb It T rcf Bs DHtt
B.10OO Inlor .Mer Mnr (Is ... liC
3000 do 414 a 88(4
10001) K O Kt H & M Is... 7U?
I (inn Knn city Ko nn ... iVt
187000 Lacka fiteel BsJOBO. .108
1000 l.k Hh 1oh 4s IfMl... n
.I"1)1 Jouls & Niiah 4a m
30001) Mo Pao w I 4s.. '.. IM
noon Mont Power Ba. ..... nti
.100(1 Nat Tulw r.n... .... 1 '
IiHMin N Y C & H alia N.1U
2000 do 4V4s. ..;..: oil
'!"' J V City 4W 100.1. liinji
looo N V Ilwy ref 4s 73U
12(100 N V ltwy ndl ns. . n ill?
iliioo N y Tuf gen Hi a 2
2110(1 Norf & V 4s...:.... 04tJ
2000 Nor I'ac gen 3n 1I11H
4200(1 Pao -das Ba "H
liini) l'nclllc Const Oa.... .inn
13000 Pcnna en 4Ws in44
30(10 Pcoplo'a Out Ba.! . . .102S
lOUO Hep Ir & H Ba.. loig
7000 Ht I, I ,M & H Olf 4a, Ml
jnnoii Ut I, a H F aja w " Ssvi
430110 do aer A w I.....
11)000 do aer II w I......
BOOll Seaboard A L ad Ba,
181)00 do rfd 4a........
12000 Bouth Hell Ba
Bonn South Pan 4a
1(1000 do cv 4s
lTllllil .In .... .... .
.'"" mm . IKh . U UP,
Union Houth Ilwy gen 4 a
tn...., .fliin rci 1 n
mini -lexas co cv t
12000 Third A adl
200(1 Trl.Cltv R .
,,131)1111 U H H HI On ilia;
mum. u a oi 1 u l os imM.
18((! Un K of U II , I Bs.. utifj,
1000 Un Pac 1st Is uiiU,
IB01111 Union Pao rfd 4s . . . 112
,1000 Wla Cen 4s;... T.. 88
23001) Wiib-P 1st ct f p 4s.. 3IU
looi,
ll.1V
ItBlf
10HW 107W
II.1S IMS
1005,
II.1S
I18JJ
mi'.
102
H.1l't
till
11111
7.1J4
r.n;,
iiii'I
D4 ft
1111K
11.1H
ion
. 7211
7ll(J
.lniij
f p '. 114
r Oa 10.1J4
(11 Bs ... 70
ftte
f t
t f -
MflMfllMIMt
jira uyticr a,4i
tmTi4ia.cania4.. ;)
Montiina. ,. M.MiMiittM. .23
Honti star .15
Yonopah nelmont .,,.....,..,,.., -S
Toi.atih UlDlnr .....,......!.... 0'
Bccu EU .................... ,17
Wffif Ksd ...................... ,75
GOLDFIKLD STOCKS
:M
M
Allnnta , ,
Sioa Bull
lisb
!jQ H. ...............
Osmblaatloa Traetlon .......
IfluaWfletd U U
f OiU
nsnaea ................
OoMAetd CoajolldaUd .......
OalJIUlJ Merger
jusaba KlUmloa
towasaf '........ ,
tt'Ka;:.'.v.v.'f.Y.i',','.'.','.
' IBS. r fJs
MIBCELLANEOUa
Ka4, Hilt .83 .St
-ld Wsudee ?.40 2.40
SiSBMM. JUbJd- . .! .IS
Ohio Oil Ertr Dividend
B1NPLA.Y, a, Nov. 18 The Ohio OU
CotnpiiBr today declared an extra dividend
t il.tS m. nbarft in addition to the usual
mrUttf llviJcd of Jt 35 a. share, pay
(Nt JBmambK SO to iwidera of record
IMwlw K. On ptetnber 20 latt
mmm mvmmm i-t a smj wm
mwmmmkm w ftmmr M?p.
88 88
8811 8814
114 111
lj).1Ji 10.114
7d 7II
111014 lllllS
10714 irtJli
II8' llll
1104 D0V4
112 112
88 88
31 34 !
,n.T0.U1."l,c W.0I0.0O0. romnarrd tilth fS,2K.-
72 V
say,
80
07.1
B3ft
8,1
00
28 Ml
172
Atuliluon 108
At count Lino ...121 if, 121
At Oulf & W I ..124W, 122
do pror 72 Vi
Hnldwln Loco. . . . 88
Halt & Ohio 80VA
Ilcthtoheiu HtccI..7on
Ilrlilyn llap Trim. 8314
llurmi llrcm 8iv,
llutto & Huperlor, 71,
California Petrol. 8.17fc
do prof B2Va
Cnnadlnn l'nclllc.172
Central Leather . . Ill
Chandler Motor
CheH & Ohio 18
Chlo Hreat W ... 144
do pref A 13
CliJo Mil & fit 1'. 03
Columbia lias ... 1BV4
Chlo II I & Pao.
Chill Copper . .
Chlno Copper .
Col Kuol & Iron
Comput Tab . .
Consul Cns . . .
Corn Products
101 103H 101 1
lolli 101 (,(.
121 H,
122 M. IT
72 Vi
HflVi 1V
(1V V
OHO
"ST
83lJi Vi
71 2H
23 Vi V.
B2V4
172
.100 inn
7
14 H,
1I3V1 114
1004
7Vi
1IV4 Vi
1V1
H
Vm
43
11.1
14
3314
3.14
72
,H
130 1304 1304
2.1 224 23
334
31) 'A
734
00
4H
43
03
44i)i
33Vi
30T
7.1
t.0
48
m"
1
V
do pref 10.1 10.14 10BV4
Crucible .Steel ... 02 01
Cuban Cnno Sugar 724 71
do prof 08 08
Den & lllo O pf.. 4,1 45
Dlstllcrs Sccur .. 44 43
Domo Mines .... 241 24 Vi
ICrlo 87 37V
do 1st prof .... B2")i ft 2
Gen Chcm 328 32S
Ona W & W 4Bii 114
General Klectrlc. .1824 lHI")i 1H2V
General Motor pf.121 124 121 V
Goodrich Co 70 704 70")i -(- V4
Urnnby Consol ...120 113 llll 74
Great North pref. 118 118 118 Vi
Ot North Oroctfs. 4.1T 4Bai 1ST
Gr.'i e-Can Cop.. BB4 B4T BB 1V
Gu.i Stato Stool. 17B 100 100 IB
do 1st pref ...105 105 10.1 1V4
01V4
71
0"
45
43
24 V
37V
B2
325 0
45 V4
do 2d pref .... 105
III Central 105V1
Inspiration Con
Int AKr Corp. . . .
Int Ilrv Crp pfd.
Interboro Con . .
do pfd
Intern! Paper . .
do pfd
Int Nlcltol
Int Mer Mar t 0.
71
254
104
10.1
73V4
21
104
105
74 V4
25V4
10
lUVi lllVi HlVi
18
7.14
71
17
7BVi
08 Vi
17 V4
75 Vi
70 :
losvi lonvi 10.14
40
48
484
47
484
48VI
do pfd 120 HUT 120V
2i
77T
03
83
Kan City So
Kelly-Spring Tiro
Kennu Cop
I.acka Steel . . . .
I.co Itubber
Lehigh Val
LIB & M T pfd... 122
Loose-Wiles 1st pf 8.1T
Louis & Nash 1334 13.14
Mnckay Co 8.1V4 85V4
do pref 00
Manhattan Klov . . 1 30
Max Motors
do 1st pref . . .
do 2d prof . . .
May Dept Storo.
Mexican Petrol .
Miami Copper .
Mln & St L now.
M St P & H S M.
Mo Pao w 1
Missouri Pacific .
do t o
Mo Kan & Tax.
Montana Power .
National Illscult.
Natl Enameling .
Natl Lead
Nevada Con
y.
2B 25 VI
77 77 I
02 03, 2
105T 10.1 1014 Vj
40 30T 10
82 82
122 122 1
70
82
BO
OOTfc
8.1 T
00
130
70
81
40
00T4
83T V
133V4 V4
85 V4 y
00
130
70 Vi.
81 Vi
404 V,
OUT
11114 100 109 IT
. 48V
. 31
.122
2
lOVi
. 10V1
74
. 08
47
SOT
122
20
10
10
7
08V4
123 123 123"
31V4 314 31V4
704 09
33 31V4
47 V4
31
122
20
104
10
74
08
09
33 2V,
N Y Air Ilrnko... 1774 170V4 170V4 14
.107
17
45
58
SIVi
100 100 Vi
17
4.1 2
BHV V
31
V
17
45
07 Vi
31
.1404 110V 140
. 00 00 09
.111 Hivi inn V
7 7Vi 74
27 V
08
57
4IV4
4114
10
08
50
44Vi
41
80T
574
35
20
08
60
444
44
Financial Briefs
Commercial failures this week In the
United States wera 283, against 285 last
week, 279 th preceding week and 387
In the corresponding week last year. Pall
ures'In Canada number 24, against 22 last
week, 28 in tha preceding week and 37
last year.
A Chicago Stock Exchange membership
sold yesterday for 11S00. against last prevl
ous sale at J127B. The high price was
$4200 In 1910.
Jphn A. McCarthy, receiver for Woelp
per 4 Co., former firm of brokers, has filed
with tho auditor his second account, and
tho auditor has fixed Friday, November 24,
at 4 o'clock, at tho board room of the Ileal
Estate Trust Company, for auditing the
account
The Liverpool Cotton Exchange remained
closed today,
Tho New York Subtreasury gained $211,
000 from the banks yesterday.
Thlrty.four railroads report gross earn
ings for the first week In November of
114, 980,312. an Increase of 1.028,471 over
the corresponding week of last year,
The-Bantc-flf England reports the amount
of currency notes outstanding as 1)24,519 ,
970, against 121.851,885 last week. The
amount of gold held for1 the redemption of
such notes remains at 28,1100,900.
1084
oovi
.110 niJVi 110
3.1 so
38V4
90
87 V4 1Vj
674 V
30V
N Y Central
N Y Dock
do pfd
N Y X II Se 11.
N Y O & V ...
Norfolk & Wost
North American
North Pacific . .
Ont Silver ....
Pacific Mall
Pan Am Pet pf . .
Penna It II
Phlla Co
I'lttsbgh Coal t o.
Pressed Steel Car. 87V4
Ilwy Stel Spring. 584
Kay cons
Heading 1084 108
Itcpub Ir & Steel. 01V4 89
do pref . .
Shot Copper .... 30
Seaboard A L pref 884
Sloa.i .Sheffield ... 014
Southern Pacific.. 100
Southern lty .... 27V4
Studebaker 128
do pref 111 llSVi 111 v
Tonnesseo wpper. 2iv 24 246 1
rexns uo 233
Texas Pacific It Tt 18
Third Avenue .... 53
Tobacco Prod .... 53
Un Hag & Pnper. 14
do pref 8 IT
da now HOT 118
Unit Clgnr Stores 00 8
United Fruit ....103 102V4 108
Union Pacltlo ...148 148 148
U S C I P & F... 28 27H
U S Undl Alcohol. 137 130
V4
i
384
004 Va
09 100
27 27 Vi
120 Vi 128 1V4
2304 232 Vi
18
52
53
14
814
18
62
63
14 V
84T4 V
118
09
1
.105
.14
27
04
78V'
RAILROAD EARNINGS
DENVER AND RIO QRANDE
1B10. Inerease.
Beeoad week November. 1557.800 144,400
Prom July 1 10.0SU.8ia 120,704
CHESAPEAKE AND OHIO
Second week Nqvember. 1041 185 '7.709
rvw ,iuu iB.i.md i.ui4,vuo
BJ. LOJJIS SOUTHWESTERN
Second week November 1330.000 180.000
CHICAOO. JNDMNAPOUS AND LOUISVILLE
First week Nqvember.. I1BS.D3I '111,83a
Frvm July I. t.349.729 SS7.6S0
Federal Trust Increases Dividend
The Federal Trut Company has declared
rolanauai mano w 9 per cent, tbis
S ? Wjm M per
"t ru an,-UiBrea3fatq.
do Pfd
Un ltwy Inv
do pfd . . .
U 3 Itubber.
U S Smelt..
U 8 Steel...
Utah Copper
Utah Seo 234
Va Car Chm 4dTi
Va Coal Ir & Coke 78
Wabash 151
do pref A .,,,, 58
do pref U. 304
Western Union ,.102
Westlnghouse Eleo 03
White Motor .... otV4
Wheeling & L B- Si
da 2d pref .... 2
Willys Overland,. 304
do prer ,,,,,,, 09
27 V4
137
105
14
274
834
784
105
1SV4
27
03V4
77T
.126 125 HOVi
.130 123 120
21
40
70
15Vi
67 V4
20TS
102
65Vi
6ST4
SVt
7i
38
09
Vi
n
va-
Vi
Vi
Tt
1V6
7
22
404 V4
72 8V4
iiii
GOOD INFLUENCES
DO NOT HELP WHEAT
Bcnrishness of Sentiment Puz
zles Traders News Is Bullish
From Abroad
WnATIIEU CONDITIONS
Hr.W 10RK, Not. 18. AdTlrM,rMe1ret
si the Ttrntlirr llnrrsn Ihle mnrnlnc Indl
ruled Ihn folloulns uejilhtr ronillllenei
Temnerelnree.
. . ..- r j.-1 -. -
. weniner.uirn
nnnuinn fortiiiret. ...... .r
Nerthnrtt ., ...r
.Mlilrfl Uet..... ,.r
Hpnlliwfl ................. ,r
Vpner )lltllnpl Vsler. ...f
iner . .mimimiddi vfliier
lAIW.
enr 42 10
ear 40 20
enr 3(1 20
enr 50 80
enr 42 .10
enr 10 SI
enr 83 20
1314
68
30
108
03 V
1
Vi
53T4 Ti
256 V
SV V
384 Vi
09 V
Woolworth ...... 138 Vi 138 Vi 1384 V
Total eale. 1,089,800 eharee. compared with
9,401, 8W aare lat week, 8.I2U.300 ebarei.
LIVE STOCK QUOTATIONS
CHICAOO, Nov. 18. HOOS Receipts. 20,000
head. Market etesdy. Mixed and butchere, 13.15
8 D.05: Eood heavy. Stt.7SMU.H5j rouah heavy.
IK.asdo.OSi llaBt, IS.Olldll.TS; U. ?BI)&
8,4Qltulk. 9.igT0.7O. "
CATTLE Recelsls. 15.000 head. Market
ateady, Ueevea. Itl.'.'SS !-'.(. cowa and helfere
13 TStfO.SO- atockera and feedere. 13 0007.60'
Texan. J7.lBOS.IIO. calvea, 1.0013.50T '
ailEBP Heoelpta. 2U0O head. Market ateadv.
Native and western. II.J301U.13; Iambi, I8.S3
11.73.
NEW YORK BUTTER AND EGGS
NEW KORK. Nov, 18. BUTTER Becelpte.
6377 pacSasea. market ateady to firm. Ns
clmnre la auotationj,
EOaS Raoaipta. 50TO caaea; market atrona-.
Kjttrae. 4748oi eatra nraU. 44t40o. Urate. Tl
Wl3c. brown. 60837c; mixed ctilor. MCtWc; no
Change oa whlta esa.
BAR SILVER
Bar Oliver was iuottd in London at HHd
today, up Hd. In New York commercial
bar llvr was quoted ut, 71Jo, a gain
Of Hs.
Oliln ruler eli
The follnwln prrelpltntlon In Inchea wne
reporleili .01 nt t'nlro.
CHICAOO. Nov. 18. Vlicat Bhowed no
power to reoupcrnto this mornlnft, nnrt the
N&rlshnrju of Bcntlmcnt, which linn become
rililto pronoured In tho last few ilayn, wns
puzzUnic to porno trndero. Thcfo wns free
selllnu by commlsdlon hounes, tiotwlthstnntl.
liiR'ntendltiess nt Liverpool nnd further tin
Invorablo news rom Argentina.
It was reiterated that Uurope require
ments havo been taken caro of for the
present and that reserves In Australia nnd
India would ko a lowr way toward furnish
ing tho necdt of lmportlnir countries.
An fnlltrmlo by John Inglis, placfnir the
wheat crop at 30,000.000 bushels larger
than that of the Government, which nut the
totnl crop this year at 607,557,000 bushels,
linil considerable Influence
December, nftor opening nt $1.82 to
Jl8IVi, against 1.82fc at tho end yester
day, dropped to Jl 81 ; May, nftor Rtartlng
nt J1.87U to $1.8CJi, compared with
$1.88 'A, yesterday's Inst price, declined to
Jl.SHVl; July, after opening nt J1.C8 to
1.66?i ngalnst H.B1 at the end yeifter
day, fell to ?1.6SJi- The close found Mny
nnd December off 4J cents and July 3
cents.
Tho receipts nt Mlnncnpolls.nnd' Diilnth
today wero C17 cars, compared with 13K8
cms Inst year; at Winnipeg, 815 cars,
nguliiHt 1318 cars; at Chicago, 16 cars, con
trasted with 100 cars.
Tho receipts of corn hero today wero 388
cars and of oats 174 cam.
tadlnc futures rnnnecLns follows:
Yes.
IVhent Open. Illsh. Low. Clone, cloee.
December... 1.H2 l.Ril 1,77 1.7H't 1.82!4
.Mny l.HT'I 1,H7!l I.S'Jji LSI 1.SS
July l.r.s l.r.H 1.S1U 1.B5 1.08
Corn (now delivery)
Decembor. .. !ISi P3 1)2 02!4 0H1
Mny li.ljj II3JJ 04U tlUM '00
July 03H 031 IHI Ul OOtJ
On l
ncember... 57tt r.7'1 M'A enOH "57K
Mny. ...... otH 01 00K Olii OlS
December.. 10.02 10.02 10.32 111.42 10.72
Jnnunry... in.ln mis in.112 tin.iin in 17
Mny 10,12 111,15 1G.07 '15.00 10 20
Hlbn
.Innu.iry... 14 43 14.45 14.17 14.32 I4. 4.',
Mny tll.r.2 14.52 11.30 14.42 14.00
I'lirk
December. 127.30 27.30 20.00 J20.00 27.50
Jnnunry.. 127.27 27.07 211.7" 2(1.110 27.33
Mny 127.17 27.(10 211.117 20.82 27.23
Hid. tAeked. SNomlluil.
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WHBAT Itecelpte, 72,800 buh. Tho market
wnn unefttlril nnd prices declined 3c umler
benrleh epfculntlun In the Wt Quotntlona:
(.'nr Intn, In export clewitnr No. 2 red spot
tl h'-'Ml N., No. 2 southern red, i.HU1.83:
eleiiliixr No. 2 red, Jl.7HSM.Hl. No. 3 red.
St.7H(M.Hl; rejected A. Jl 74W1.77; rejected
II. I1.70W1.7.1.
COllN Iteceipta, 2514 buah. Trade wns nulet
with no Important chnnau In prices. Quotations:
Car lots fur local trade, nn to location Old
western No. 2 yellow ll.2IKPI.21; do, alenmer
bellow. II 18W1.1II; do. No. :i jellow, M.lOir
1.111; do. No, 4 sellnw, I1.12W1 10.
OATH Iteceipta. 13U.8UH bush. Offerings wero
nindcruto and tho mnrlcei ruled ntendy tboush
nuli-t, Ouotntlone: No. 2 while. IK! C1.1 W i' ;
stiinilnril white, II2JJ ftii:ic: No. 3 white. illMi W
112, No. I white. nilWOlo: snmule onts r.7.r,8c.
l'l.OIJIt ltecelpts. 272 Mils, nnd 703,488 lbs.
In snekn. Trndo wan alow nnd tho market
wns weiik In smpnthy with tho decllno In
wlieut. Wo nuoto per lull lbs. In wood Winter
clenr. tsvs.25- do, etralcbt. JH.MUCS.ilo; do,
imtnnt, IN 7501U. ICnneja, clenr, cotton sneka.
JH.r.iiWB.7.ri; do. straleht. cotton sneks. IH.H5
OPD.in: do, patent, cotton e.icks, ja.inWDMn
HprlnK. Ilrnt clear, 18.-KIWII; do. pntent. tl).,in&
11,7:.: do, faorllo brnmlH, Jllltt 10J.'.. city mills,
Lhoko nnd funcy patent, JlOGplO.?."!. City
mills. reKutnr Krnden winter, cleur, IH08. ID;
do. atrutKht. H.rniiln.)ir: do, patent., 38,7500.
Hvi: ri.OUlt whs iiulet hut otrAly under
nam uu.irinua, tto iuoio 44.1100.00 jter uui,,
as to quality.
PROVISIONS
The market ruled firm, but there wns
Uttlo trading-. Kollnwlnjr nro the quota
tions: City beef. In sets, smoked nnd alrdrled,
31c; western beef. In sets, smoked, 34c; city beet,
knuckles ami tenders, smoked nnd nlr dried. 35e;
western beef, knuckles nnd tenders, smoked. .15c;
beef hnms. 1284130; pork, fninlt, 130..10W31;
hams, H. I', cured, loose. lUWlUWc; do. skinned,
looee, 204J20V4C, do, do. smoked. 21021WC)
other hams, smoked, city cured, as to brand and
nverace, lOHc, hums, smoked, western rured,
20Hc; do, boiled, boneless. 34c; picnic shoulders.
H. I cured, loose. ll'4o. do. smoked, l.'j'jc;
bellies. In pickle, aecurdlm; to nveraae, loose,
174c; breakfast bacon, us tn brnnd and aver
age, city cured. 22c. breakfast bacon, western
cured. 22c: lard, western, renncd, tcs., lsiic;
do. do, do. tubs. IBvfcc, lard, pure city, kettle
rendcrod, In trs., lKVic; lard, puro city, kettle
rendered. In tubs. 184c.
REFINED SUGARS
The rnnrket was quiet nnd unchanged Re
nnera" list prices. Dxtra nne granulated, 7.BUO
7.00c; powdered, 7.0U7.7()c: ronfectloners' A,
7.40W7.BUC, Buft urudes, 0.737.33c.
DAIRY PRODUCTS
UUTTEIt Ab uiunl on Saturday, tho whole
anlo market wns aulet. but orferlnga wera
light nnd values ruled firm at tho late ad
vance. Following are the quotations: West
em solid-packed creamery, fanoy specials. 44o,
extra. 42W43o; extra llrsis, 41c; firsts, 384(ic.
sreonds, 87m c: renovated, extra, 30c: do. flrsts.
35ci do, seconds, 34c. nearby prints, fancy, 45c:
uyeruso extra, 43U4lc: nrsts. 42c; aeronds,
38W41IC. special fancy brands of prints Jobbing
at 4S1Cftlc.
EauS There waa a good outlet for the limited
receipts of line stock nnd vulues were tlrmly
maintained. Quotations: In freo raaes. nearby ex
tra. 4 To per iloi ; nearby tlrsts, 112. til) per stand
ard case, nearby current receipts, 112.00 per
!n".a.:wc"tcr" "tra, 47c per dor.; extra flrsts,
J12.U0 per case. Ilrats. J12.U0 per case, ro
'rlserntor eggs, extra. 111.40 per case; flrsts.
til. 10 per case: seconds. llu.BO per case; can
dled tow Jobbing ut .'.I'Wmio per doz.
CIjUKa); ruled llrm under light offerings and
a fair demand. Quotations' follow: New Vork.
full cream, fancy. 2IHt24ic. specials higher;
,.1.'d.0. falr ,0 001. -4W21kc; do, part skims,
ItJlfJlC.
POULTRY
LIVE Offerings of deslraTjIe stock wero mod
erate and values ruled ateady. but there was
(tie trading. Following are the quotations:
Jowls, as to quality, lilOlsc, roosters. 13W
14c; snrlng chickens, according to quality. lilO
IKo; Whllo Lechorna. accordlnv to quality. ISO
17c; ducks, as to quality. lOWISc: lurkcjs, 2J
O24o: geese, 13017c; plgeoas. old, per pair,
28030c: do. young, per pair. 25O280.
DHESSKU Tho general market ruled steady
under moderate offerings, but there waa Uttlo
trading. Quotatlona: Fresh-killed poultry, dry.
f acked turkeys, per lb. Fancy, nearby, 2l)O30c;
urkeya fancy, western. 1'SCPSVe: do. fair to
good, 24027; do, common, lu023c. .Fowls, 12
to box, dry-picked, fancy selected, 21o, do,
weighing 4,,iOB lbs. apiece. 21c: do. do. weigh
ing 4 lbs. apiece. 20Hc: do. weighing 8H lbs.
apiece, ll)02Uc; do. weighing 3 lbs. apiece. 10O
17o. I"ows, In bbls.. Ice-packed, dry-picked,
weighing 4H 05 Iba. apiece. lOHc; smaller slies.
10018c, Old roosters, dry-picked, 10c, Hoastlng
chickens, western, weighing 8 lbs, ana over per
fair, 3uj uu, ua, weigauij avi ins. per pair,
22c. llrolllns chickens, western, welshing SOI
iu. vvr uuir, .tw.u. .L.uieaena, weiantng n
1UB,
5ii
per pair. 20021c; do. mixed aliea, 21.!
E
22c: brollera, Jersey, fancy. 30032c; do. 'other
nearby, weighing I '.4 02 lbs, apiece, 23O30o;
dot nearby, smaller sizes, 20027c. Ducka. near
by, spring. 22024c: do, western, 18O20c,
Squaba, per doz Whits', welshing 11 to 12 lbs.
per do., 13.7500; white, weighing l) to 10 lbs.
per doz.. 14 K3O3.B0; white, welshing 8 lbs, per
doz.. S404.33; white, welshing 7 lbs, per doz.,
13.5003.75; white, weighing OOevL lbs. per
NVlbfesl "" ,s-iQils-90' ,ma ""
FRESH FRUITS
The market generally ruled steady, but there
was not much demand. Quotations: Apples, per
uui. 4viunii i.uwvu, utu.ii, l)u.V1, ItrimeS
Golden. 14 BOOB: Smokehouse, I3.50O4; Alex
-t; xi
ander,
n. 14 BOOB: S
. I2.60O3.25;
I, S2.7303.6U; :
Wealthy. 1304
xork Im
perial. .2.7303.60; Ben Davis. 2 2302.73; fair
to good. S1.&UO2.&0. Apples, Delaware and
Maryland, per hamper. Fancy. 73cOll; fair to
good, 40e0c, Quinces. New Vork. per bbl.
No. 1, I3&4: No. 2. I2O2.80. Quinces. New
York, per bush., 7BcOl 23. Lemons, per box,
J40B. Oranges. Florida, per crate bright,
2.50O3; Russet. 12 252 7B. Grapefruit. Flor
la, per crate. J2.30O3.25. Cranberries. Capa
Cod, per bbl,, I5&0.B0; do, do. per crate, ISO
2.4U. do. Jersey, dark, per erate, I2O2.40; do,
,1a. Ilzht. nar crates. Sl.fi0u2. Pan N.u
York, per bmb. hamper Secksl, I2.00O3. Shel
don, SI.&0O2: Uartlete, No. 1, ll.50O2.23, do.
No S,75c9!l. l'ears. New York Uarllett, per
bbl.. I403. Orapes, New Tor. per 4-lb. basket
Concord. 12015c. Niagara. 12 10c. Orapes.
New York, per 20-lb. basket Concord. UO
New rorK. per 2u-io.
63c. Niagara, OOOtfBc
VEGETABLES
Offerings of desirable stock were moderate and
values generally ruled ateady. Quotations:
White potatoes, per bush. Pennsylvania, choice.
11.630173. New York, choice. lt.53Ol.00.
White potatoes. Jersey, per casket, 83eOil.
Sweet potatoes. Eastern Shore, per bbl.-4-No. I.
I2.1B03. No 2. 11.3002 Sweet potatoes, Dela
ware and Maryland per hamper, fl&l 25.
8wt potatoes. Jersey per basket No. I. 03 O
li
1910
Sales in Philadelphia,
Illsh. Irw. Close.
4 Am llys pf 07 B7 07
loo Artae Cop.lol 101 lot
so n & 8 t o. 08 854 H
. 18.1 Drill J CI.. 38 38 38
5.0 C Leather. 1144 1I4J4 lHlfr
SO Cam Iron. 43 13 43
100 Chill Cop. Stl SSH 33
14 ConTrNJ 74W 74V 7iy
20 Kleo Btor. 10 70J4 70H
200 OAsphpf 71 71 71
50 Ins Co N A 27 27 27
003 Kenne Cop 03 W 2H H
8810 l.k Sup C. 201 28H 20Mi
100 '.eh Nav. . 80 80 80
8 I.eh Valley 83 83 83
330 t.eh V Tr. 22 21H 22
200 Miami Cop 47 47 47
B128 Nev Cons. 33' 81 83
378 I'cnna It It 37 60t 57 .
11 Pa Salt M 00 00 00
4078 Phlla Kleo 80 20-H 20
2173 PUT tr cfs 20 2SH 20
45 Phlla Trao 7Dtt 70 70
200 Itny Cons. 38 30 30
830 Ton Hel... 4 4 0-10 4 0-18-
200 Ton Jlln.. OMi o',A n
20 Union Trao 48V4 40i4 40V4
132 Un O Imp. 02 01 02
850.1 U S Steel. 120V4 123V 12014
S30 Wm Cramp 01 o3?4 01
133 York Ilwy 13 18Vi 13
Net
chgo.
. .
1
fc . .
214
I
'A
1
t
n
H
Jl"
f-
t
Wi
'A
1-10
Mi
',4
U4
Hi
Total antes. 21,433 slmrrs, rompnrrs with
S1M1 shnres tnnl P.iliinl.u I IllU wee)., 81,S32
shnresl Inst week, 221.011) shares.
IIIINDS . , Net
High. I-ow. Close, chge.
16000 i:loc & Pco
Tr 4s .. 83 81 82
4000 Lcli V cona
1000
4 ,s '03.10O?4 100T4 100
Nnt Prop
08,- 08
10000 Phlla Co
1st 5s ..101 101 101
1 1000 I'll dec 4s 05 03
1000 lte.td gll 4s 05 05
7000 V N Y &
Pa gen 4s 85 83
1000 York Ilwy .
iBt Gs.. 08 08
05
03
08
3
Totnl snlrs, 13.000. compares with S51.00I)
Inot Nntiirilnyi this urek, S373, 500 lust nerk,
8703,000 t
NEW YORK BANK STATEMENT
Average Loans nnd Demand Deposits
Gain Other Items Loso
NI7VV YORK, Nov. 18. Tho New York
hank statement this week shows an In
crease of $50,409,000 In tho avcrago loans,
but a decrcaso of 0,702,000 In the actual.
Demand deposits nlso Increased In tho
averago statement and wero Icbs In the
actual. Tlmo deposits nnd ourplus de
creased In both cases.
Details follow:
AvnuAon
Oecrense.
Loans 13,458.330,000 Jr,fl.4.'i0.llllll
Net demand deposit.. :i,4:i2.!inil.(ll)l) 38.(110,11011
Net tlmo deposit.... inH..1!H,0l)() 874, (I0U
Circulation 3il,tll7.uno tl2l,oon
11tescro own vnults. 440.200.000 27.1151. 00U
Ilcservo IVdernl Ilo-
scrve llnnks 180,028.000 .IBS.OOO
Ileservo other depos- . .
Ilorles 55.785.000 1.(134,001)
Aggrritnto reserve... 07il,(llli.(ioi) 1R,51),(I()0
Ileservo required.... 5li.K31.120 H.1II2. 130
Surplus 84.707.HH0 24.U01.43U
tOf whtch 1382.042.000 Is specie.
ACTUAL
Lonn 13,448.121.000 10.702,000
Net demand deposit.. 3,41l),5Un.()(10 27.II0.I.0HD
Net tlmo deposits,.. 104.003,000 0,340,000
Clrculutlon 30,1130.000 l.oil.oiiu
ltescr0 own vnults, 433,UI2,U00 82,282,UUII
Ileservo Federal Ito-
sen llnnks...... 17D.870.000 '0,000,000
III servo other depos-
Ilorles BB.B33.000 80,000
Aggregato reserve... 00,354,uno 23.833.000
Ileservo required BSli.45,n2() 4. 881. 830
Surplus 70.807.080 18.071.170
lOf which 1370.113,000 Is specie.
Increase.
BANK CLEARINGS GAIN
Cent.
Incrcaso for Week Is 20.5 Pec
Philadelphia Third
Thero was a further Incrcaso In bank
clearings for tho last week, tho Rain being
20. 5 per cent. Tho total was $0,348,494,180,
ne-alnst 14,903,782,323 last year. Details
follow :
11)10 1013
Now York.. 13.303,151. 250 2.rt:n,l)30,3!)n -1-25.0
Hoston i .. 232 4 47(1 183.724.481 - -211.5
Philadelphia SII5.I.03.8I2 1H4.327.01II --44.2
Ilnltlmore... 41.182.000 32.853.040 --23.3
(lllcnBO . 410,505,1115 303,1104,253 --37.1
h " "Si::. i22:.n7:iisi 80,003.7011 ..41.1
N. Orlenns. 41.3ilO.87B 23.140,011 4-83.1
SCfiv2 dny"'l4.420.870,811 13.440.030,807 28.4
'llvo days: 875.470.023 075.408.214 20.0
Tn"ondajs! 15.302.330.73 1 JU22.043.02l 28.6
A one !""'. 1.040.137.410 781.737.303 33.8
Tfor we?k.!"fl.318,404,lB0 14.003,782,320 20.5
-Local Reserve Bank Statement
The condition nf tho Federnl Ileeene TUnks
of Philadelphia at tho close of business Novem
ber l7 compares as follows with the prewous
V"":h: nEsouncns
Nov. 17. Nov. 10.
Oold coin ndcertlfl- .,,,. ..
rntes Insult 118,755,280 JIS.473,403
Onld settlement fund ...... ,-...
Inlnnro 13,0111.000 18,800,000
Oold redemption fund... 50,000 50.000
I.egnl tender notes, sll- ......
er. etc 311,080 237,145
Totnl reseno 33.n77.3IUI 20,020,010
rommerelnl paper Sii'L'!? ..S'.'I-J'i
Dank acceptances 12.173,21)1 10,033,0(10
Total bills discounted ........ .. ...
and bought 13,018,089 11,823,081
IT. S. Iionds nnd notes.. 2,844,(100 3,270,1)00
Municipal warrants ... 1,051.208 1.877,510
Total Investments ... 14.403,208
Tedernl reserve note on ....
hand 001,075
Notes of national banks
nnd other Federal
Iteserve hanks 21.045
All other resources .... 4S3.210
Total resources 152.071,001 147.483,141
LIATHMTIES
Capital paid In 13.223,830 13,223,830
l'rollt anil loss ....... ..42,482 42.482
Ileservo deposits net .. 41,038,814 30,81)3,848
(lovernment deposits ., 3,328,020 3,073,112
Iu to other Federal
Ileservo banka net.. 1,828,142 1,346.701
All other liabilities 0,145 1.140
Total liabilities . 132.071.001 147,483,141
10,147,510
642,250
20,143
520,537
FOREIGN EXCHANGE
NEW YORK, Nov. 18. Tho feature of
tha forelen exchange market In the early
dealings today was the contrast between
Russian nnd Italian exchange.
Quotations: Demand sterling 4.7B 11-18,
cables 4.76 7-16 ; CO-day bills 4.7li, 90-day
bills 4.69; frana cables 6,83 ,4. checks
5.84; relchsmark cables 69 5-16, checks
69U; lire cables 6.70K, checks 6.71H;
Swiss cables 5.19, checks 5.19 ft ; Vienna
cables 11.86, checks 11,85; Stockholm
kroner cables 8.38, checks 28.30; pesetas
cables 20.50, checks 30.40; guilder cables
4015-16, checks 40; ruble cables 30.90,
checks 30.80.
RATES FOR MONEY
Call, Tims,
New York ..,,.,..,,.,, 2 OSH S &i
Philadelphia 4 Q 4 5
-lloston ...,.,.,.,,,...,. JH. 4 .jNH
Chicago aViOl 4 4i
Commercial paper, threa to six months. Phila
delphia, SM U3K per cent.
BANK CLEARINGS
Dank clearings today compared with 'corre
.pondtndyla.,u1w0y,ar.lB.0. ,.
Hcife, v::::,8:7?WIS 'M.,4 'iTIoi
New York.,, 736.633.04a 4.45.371.012 243,840,160
Reservts Banks Discount Rates
10 or Over 10 Over 30 Over 60
less, up to SO. up to 00. up to 90.
Boston ,..,,., 8 ?W t 4 i
New York.... 8 44 ,
Philadelphia ., V4 i -4 I,
Cleveland ,.,. 3 4 4tt 4
Richmond 4 4
Atlanta ...... . 4 4 4
Chicago Vi 4 4 4 Si
St. lVula .... S 4 4 4
gssat,:: 4h U U it,
Dallas ....... . j i
San FrancUco. S 3K I 4M
Agrlcul. Trade acceptances, Cora
Over 80. Up to 80 UP to 00. modlty.
Boston 5 3U fH 8ft
New York ... 5 84 3s
Philadelphia ..414 gfj 8 3H
Cleveland ....8,, h 4t,
nichmood .... -4H 8W JM JVs
Atlanta tn Hi 3
StSSSu .::: '
mWmpoIIs .. b v 314 s H
Knsaa City.. 8 4 ..
SfaiiZi9 iH !
Vp to so flaysj over w " . JH wti
PHILADELPHIA ELECTRIC STOCK
SELLS AT A NEW HIGH RECORD
Reaches 30 in Trading on Local Exchange Following Ati-1
nouncement oy i-resiuenc mcuaii i nat success
of Refinancing Plan Is Assured '
The statement of President Joseph n.
McCnll, of the Philadelphia Electrlo Com
pany, that more than ninety-five per cent
of each class of certificates had been de
posited under the refinancing plan, nnd as
suring the auecesi of the plan, was reflected
In demand for Philadelphia Klectrlc Rtock
on tho local' exchange Mil morning.
The stock ndvnhccd to a new high price
soon after the opening, roachlng 30 a share,
an advance of i. ns compared with the
closo of yesterday, Tho Issue was the
most active on the list. Mr. McCaH'n
statement went on to say that such legal
steps as arc necessary to carry out tho
plan will now be proceeded with. AH ol
tho ndvrfnco of the stock wns not held to
the ojnte.
Holders of the company's stock are ns
much In tho dark now ns they have been
as to what will bo dono with tho old stock
under tho plan. .While tho slock was In
demand the company's 4 per csni -.
also were strong, selling up poim. ?",
At this price the bonds are Tie pX, . Jir
what they are exchangeable Into the K2!
of the new company. The strength im.!
the belief that the management "weuMtr,
to get In all of the Unassented bands P
though high prices had to bT?lVE
them. " " ,w
With very few exceptions everrthls
which came out on the tape during tha rt-i
session was at higher prices. Lake bJmhS
was agnln active nnd the price got u .
fraction. The announcement by the ee,n?J!
of the Philadelphia Rapid TranMt CoS
that tho company Is ready to accent til
1914 agreement with regard to the on.
Hon of the new lines under the Taylor m?
did not have much effect on the comMni.
trust certificates. They were off a iiJm
fraction before the end of the first h-V.
but recovered by the close, and .nd."
fraction higher, TO
PIG IRON AND TEEL
QUOTATION'S SOAR
Old Material Also Advances
During Most Rapid Rise Since
Upward Move Began
Quotations for pig Iron, somo steel prod
ucts nnd old material advanced moro rap
idly during the last week than probably In
any similar period since tho present upward
trend In prices started. Steel rnlls wcro
the lenders In the upturn, having been ad
vanced JD per ton to fctS for Uessemcr
stnted seotlon and 40 for open hearth as
previously announced. Other advances were
from J1.B0 to 15 per ton In billets and JG
In wlro rods.
Although pig Iron waa put up materially,
It Is the consensus of opinion In the trade
that tho end Is not In sight. In virtually
ovcry section of this country thero Is an
nbnormnl demand for Iron and the advancos
caused by this demand ranged from $1
to $2 per ton. A significant featuro of
tho market Is that the seller who could
supply spot would havo perhaps somo dif
ficulty In getting n buyer. At least that Is
tho Impression, becnuso of tho fact that all
tho prospccllvo buyers are looking for
future deliveries to tnko care pf their known
requirements. ' '
Thero Is a general belief among users of
pig Iron thnt thero will bo a scarcity next
year, and this has led to tho extraordinary
futuro demand.
Scrap steel and Iron can bo sold again
at higher figures, the advances ranging
from BO cents to $2 per ton. These levels
havo been caused by tho fact that there g
llttlo scrapping being done, duo to tho diffi
culty of 'Steel and Iron users getting now
material, nnd tho fcld equipment Is being
repaired nnd used to a greater extent than
over bofore.
Scattered advances nlso wero made In
finished steel products during tho last week,
sheets being tho leaders In this department.
No. 28 black, at Pittsburgh, bolng up S3 a
ton, while galvanized sheets, No. 28, at
tho same center, wcro advanced $G per ton.
Probnbly tho greatest intorcst wns nt
t.ichcd to tho advanco In rails, hut It was
only considered natural that" prices should
be put up In vlow of tho fact that other
products which could be rolled at rail mills
were showing profits of 60 to 200 per cent
over rails.
Inquiries are In tho market for large lots,
with some good export business In sight.
Local Bid and Asked
Today's Yesterday's
Bid. Asked. Hid. Asked.
Hsldwln Hflii 87 87 SHVi
llrlll J O 37 40 30 38
Iiun-& susa t c nn now oeU, ujtt
do pref f.o'i noli no 01
nito Storag 70 71 7014 71
Oen Asphalt ...y. go Jl 81 3'J
do pref C. 70n 72 71 73
ICey iel 1 14 14'4 14'i 1415
do t c 14 1414 141i 1414
do pfd 7W US,, U714 09
l.nke faun Corp 20 2014 28'J 20..
I.ohlgh Nav 80,, 81)14 8014 8114
LclllBh Val 82'4 83 KM S3
Lrfhlgh Val Tr 21 22 2lJ4 22
do pfd 42fi 411 42I 43
I'enna 11 It Kg 57 6014 57.,
I'hlla Illeo 30 nolt 29i 2DT4
1'hlla Co 43 -15 43 45
do 5 per cent pref... 38 30 38 Hi)
do 0 per cent pref... 4t'4 42 4114 42
Phlla II T t O .232 2574 2514 S5K
Heading 108 10814 108U 103
Tonopah Helmont 4 11-10 44 4 0-10 4J4
Tonopah Mining 0 H U OH
Union Traction 4814 47 4o 47
II. Q 1 01 02 01 02
U H Steel 120 128!i 125 125
York Ilwy 1314 14 13 14
do jVret ...... ..... an 8il'.4 8U 814
Wm Cramp : 1)3 04 03 0354
NEW YORK COFFEE MARKET
NEW YOIUC Nov. 18. The market for
cofteo futures,'opened steady today at an
advance of 3 to 6 points. Trading on tha
call was fairly active, with sales amount
ing to 6760 bags. t
At 11 o'clock the market held steady on
outsldo speculative buying, mostly of the
distant positions, with but Uttlo selling pres
sure In evidence. There was some switch
ing of December to May at a 'premium of
32 points, and December to March at 21
points.
The Santos futures market was a little
steadier, and the fact that Brazilian ship
pers falltfd to reduce their offers seemed
to curtail anything like free selling here.
Tho local spot market was quiet, with a
poor demand. Quotations wero unchanged.
Todav-n
ODenlnr. elm
November .. 8.154(8.18
licc-moer ,, r
January
February
March '8.34
April
May 8.S0
June ...... ,.,,....
July ....... 8. 0008.83
August .,,
September . 8.70gB.7S
October 8.7308.80
Yesterday's
close.
8.008.1t
llld. Total sales. 33,001) pags.
8.2408.211 8.188.11)
8.31W8.83 H.S.10II.3T
ii.4UWH.4i M.aseea h
8.47 8.38g.40
i8.03 8.44Q8.4B
08.00 8.31108.51
8.A3 8.(15 ft 8.57
W8.70 8.(1008.62
(48.75 fl.ilcaa ut
8.72 Q 8.74
8,45
8.51
8.07
8 63
8, 88
8.7a
8.7808.80
IRREGULARITY MARKS
TRADING IN COTTON
Late Months Advanco on Good
Demand, Whilo December
and January Decline
rOTTO.V HEW ttTATItr.lt CONDITION.
M:v.TiinK. Nov. u,ci, w,,;i
mNdnr? l,rouno,,t "" "" ?U tU
The follrmlnx tVmperAtnrefi ntm r4-uj
Sri "'."ill?,.! Al"'nfj "'Ms nYRi'Ji
vllle. SJi Oklahoma. Macon and Knanllfi
Sfli Pel Kip. l.lllle lioek. ricksbnrg, lilh
mlnchnm. Allanln nnd llalelgli, 3K Sin Ai.
Iiinlo, .Meridian. Monlsomery. Thoi,aiu
nnd ttllmlngton, 42i rmnnroln, ChsrlMtaS
nnd HaTimnnli. 44 Mobile. 40iw ofKli"
Cornns t'lirl.tl and Jacksonil l, it, "Sat
rs(on, 60 1 Tampa, 52. ' u"
NEW TOItK, Nov. 18. Irregular pr!e
changes wcro recorded nt the opening oa
tho Cotton Exchango this morning. D.
comber wns down 10 points, and .Unuiry 1
points, but other months wcro 4 to 8 points
higher.
Thero wns a good general demand for
the lato months, southern Interests, com.
mission houses and room traders being ac-1 '
kiTu vunn.
Tho selling camo from scattered eoureei,
with Liverpool probably leading.
Weather conditions In. tho South went
clear. Temperatures were slightly higher,
Tho market turned strong shortly aftv
the opening on active demand from Liver
pool, several of tho prominent spot houia
nnd Southern nnd Western interests. Offer.
Ings wero not particularly heavy until Jan
uary had sold up to 20.60c, or 21 points
nbovo tho close of yesterday, nnd within
4 points of the highest pried of the season.
Later positions advanced to within about
a dozen points of Friday's high level.
Then heavy realizing by earlier buyers
nnd by longs who hnd failed' to take id.
vantago of the bulge yesterday carried ti
list down nbout 20 points, with January
selling nt 20.40c
There was much reactionary talk arounJ
the floor, but tho selling appeared to soma
chiefly from tho longs. Southern spot new j
showed llttlo chnngo, although some wires
suggested that offerings abovo the 20a level
were moro liberal.
It was felt by many In the local market
that this cotton would have to be digested,
nnd that the futures market would fluctu;
nte vory Irregularly during the period re
quired for Its absorption.
The recolpts of cotton at the ports for
the- day were estimated at 36,000 biles,
compared with 62.328 bales last wesk 1M
25.000 bales last year.
Yes. Close. Open. High. Low, Cb
December ....20.17 20.15 2II.B2 20.14 M.M
.Innu.iry 20.23 20.20 20.110 2O.S0 IM
March 20.40 20.41 20.75 20.41 M
Mny 20.03 20.117 20.03 20.87 MIS
July 20.115 20.70 20.88 20.03 50H
October 18.32 18.03 18.85 18.66 1M
Spot 20.20 sail
COTTON STATISTICS
NEW YOIIK. Nov. 18. The statistics! poll
lion of cotton follows: .
This wk. Last wk. I-st jr.
Total via. supply.. 5,080,170 4,803.763 0.327,1:1
Of which Amer... 4,223,170 4,102.703 4.220.JM
T'l sight Nov. 17. 0,114,822 5.033,185 4,923,143
Granulated Sugar Unchanged .
NEW YORK, Nov. 18. Fine granuUtea
sugar was Arm and unchanged today it
7.76c and 7.50c. The last sale In spot Cuba
raws was unchanged at 6,40c. .
Tax Freo in Pennsylvania
Federal Income Tax Exempt
Boro of Archbald, Pa.
Funding and Improvement
5s
Matnrlngt
110,000 August 1st, 103S
(10,000 August 1st. 1831
A. B. Leach & Co.
115 South Fourth Street
New York
lloston
Chlesgo
London, Ung.
Buffalo
Baltlmor'
Charles J. Bender & Co.
INVESTMENX BONDS
Members Philadelphia Stock Eichsnn
NORTH AMERICAN OLDG.
aiBUCTOHY OF ACCOUNTANTS
Csrtlfled TabUo Accountants
1615 11KAL, liaTATU TUUST UUltDDW
I Three Days Left to Buy i
Motors Corporation
A Stock with a Future
at $5.50 Per Share
The price will materially advance November 21st and
this will be your last opportunity of getting In at the
price of $5.50 per share,
Po you realize the enormous profit this concern will
make? Do you want to be one of those who will receive a
share of these profits?
If so, we recommend your Immediate -purchase of as
many shares as you can take. Orders are subject to our
acceptance and we reserve the right to reduce the number
of shares applied for.
ELWELL, NAULTY & COMPANY
Investment Securities
STOCK EXCHANGE BUILDING
l'lUl.Al)i:x.llIIA
Enclosed nnd 11. v .-...In
parm.nt tor shars.
of Hsrroun Motors Corporation stock
at 13.30 per sna.ro (par value f 10).
Nam ..A.
AildrMS .
E. It. 1M8.
Without ebUistlcn. send turthsr psr
tlculars.
Nam
Address
a'i: ifi "
M
3s
w5rXL V J JikiiiieiiSsiH
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