f6'
EVENING MDGBIPmrrADEriPHlA; MONDAY, NOVEMBER 20, 1910
"M.
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fev Ml"
'
I
ty
'"
5:
iKar -
iA
ffi
; FINANCIAL NEWS
PRICE MOVEMENTS ARE DIVIDED
IN WALL STREET STOCK TRADING
Stecl Stocks Strong, While Important Interest Supply
t ". . vCoppers at Concessions Steel Common Crosses
129 Rails in Demand
NBW YOniC, Nov. 20.
Price movements In tho utock market wore divided today, the Btecl ntockn
hawing pronounced ntrcnRth, with tfnltod States Steel common movlnir up 3
points to tho now high record of 12!Vi, whllb tho copper stocks wcro nuppllcil
from Important sources nt concessions. Although somo of theso Issues made,
substantial gains In tho Initial tradlnjr, lilds wqro (illicitly tilled and a larpo out
eldo demand was swamped hy tho offerings from thoso who wcro supposed to
have had most to do with recently circulated stories of a coming huge con
solidation. Kcnnccott Copper, nftor selling auovo 04, was supplied nil tho way down to
l$i. Utah Copper, which wns forced up to 129- at tho start, dropped to 128',t.
and Qranby, after moving up 3 points nt tho opening to 118, fell to below 114.
Tho manner In which theso stocks nctCd created a gopd deal of adverso comment,
and It wns Insisted that tho public had boon brought In by glowing stories of
what tho now consolidation would do In order to crcato n market on which largo
Interests could sell.
Outsldo of tho copper group and a few specialties tho tnnrket showed pro
nounced strength and more Importance was attached to the Increased demand for
United States Steel common than to tho manipulative efforts In tho copper Bhures.
In tho lost half of tho day tho railway stocks came Into favor, with Heading
advancing moro than 2 points and crossing 110, followed by brisk buying and
substantial gains In Union Pacific, I,ohlgh Vniloy, Now York Central and Chicago
Great Western Issues.
A basis for this display of strongth was found In tho stntoments that part
of the Administration's program for tho coming session of Congress will bo n. recon
struction of tho lutcrstnto Commcrco Commission and expression of congressional
approval for advances In rates Insisted on by the rallwny managers ns being nu
Imperative necessity rosultlng from tho President's Insistence on the Adamson
elghthour law.
Trading In bonds was on un extremely largo scale, with tho convertible
Issues again tho most prominent fentures. Chill Copper 7s, after selling nt tho
new high record of 151 shortly after tho opening, dropped on unusually largo
transactions to 141. Lackawanna Steels Bs of 1850 wcro traded In at lOT'.i to 10854.
with many transactions In largo blocks. St. Louts und San Francisco Issues woro
actlvo and strong, and thcro was a fairly good demand for Anglo-French C.i,
Which sold at 95 U.
$1,000,000 Gold Transferred to Frisco for Shipment to Japan
NEW YOIIK, Nov. 20. ThoSuMreasury has transferred $1,000,000 to San
Francisco tor tho account of local banks. It Is understood that this represents a
gold export transaction to Japan. This shipment will mako $3,500,000 exported
to Japan from San Krnni'lwo In tho last two weeks. Tho exports of tho yellow
tnetal to Japan are In cousnciucnro of purchases from that country for account of
belligerents In Huropu, similar to (bo gold shipments from New YorJL to South
America.
WHEAT REBOUNDS
ON SUPPLY REPORT
Sharp Advance Comes When
Gravity of Deficient Crop Sit
uation Is Learned
GRAIN IICI.T WKATllKIl I'nimCAST
CHICAGO. Nov. SO Tim nnilhtr form
al f.... flf.lrlv.klv li.ii.f-M fnllni
Illinois I'ulr liiil.u- unci nrr.li.ihtv
fln
ltllnnll'ili ff.il.iv uml nrr.li.ihlv Tllis-
flaj-i colder Tumilny tun! north unit central
toil il v.
Ulsronsln, Jllnmsotn. uml loivn ltn
erolly folr iiikI rolilcr ....
North nml HohUi Dakota (Icnerulljr fnlr,
collier tixliiy. . . , ,
Nchm-kn ronnlilr fain colder todny
nnd south Tiirsilnr.
I(nnn I'urtlr rlnmly nml roolcr toiileht
or Tiimiliyi rohlrr Tuesday.
lnilliitiu. lower und upprr "ilMMimun
Salr today nntl Tucsdnyt rnoli-r.
CHlCAao, Nov. 20. A realization or tho
BeriouHnesis of tlm supply situation brought
about a sharp rebound In tho wheat mar
ket today, following nervousness nnd Irreg
ularity In the early dealings, when prices,
under the Influenca of further selling, suf
fered additional looses and sold below tlin
final Quotations of Saturday,
Tho liquidation, however, ran Its courso
completely In tho first half hour, nil weak
longs having beon forced out. Duylng nt
the decline was extenslvo nnd easily nb
lorbed all sates.
Tho scarcity of offerings then beenmo
acute nnd vnlucs moved up rapidly. A re
port. Issued by tho International Institute
of Agriculture at Jflome, cmphasUed thu
gravity of conditions, owing to deficient
crops, nnd said that reserves, which now
appear to bo'large, would uulekly decrcaso
It predicted by the flrst of next July tho
world's vlslbla supply will have fallon to
46,000,000 bushels, with the requirements
of all importing countries enormous.
Toward tjio close profit-taking caused a
moderate reaction, but there wns sulllclent
Inquiry to keep prices from declining far.
Tho, belief prevail. J that exporters wero
buying under cover. December, nfter de
clining to 11.17. moved up to $1 82"i and
finished at S1.S2U fPl-82, ngainst $1.78U
nt the end Saturday; May, after receding to
J1.S3'1 rose to 1.8'-Vj and closed nt
Jl.88l4WJl.88Vi, compared with Jl 83?;,
Saturday's last price; July's low was
I1.B3, and Its high J1.B9. It closed nt
J1.58UOJ1.58. ngainst Jl.B-Hi, Saturday's
final quotation.
Talk about the embargo being levied by
Argentina or else a limit on shipments was
till In evidence.
Corn scored a good bulgo on active buy
ing. Including a, demand from shorts nfter
opening lower.
Excellent buying strengthened oats,
which started lower.
New York Bond Sales
1.77
l.SS'i
l.sstf
T.i-adlnv futures ranged an
Wh.1.1
Open. Ill'h.
T0... l.TTi 1.881
May,. 1.H4H l.KU
July,. 1.8 1W l.oi)
Corn (now delivery)-
& 8?tt 8354
July!! Ut
uaia
Dee... BOU
May. . COH
xjira
followi!
HAtMnv'fl
tvv. Close, clnss,
I. HSU "
I.HmU 1.H4
I.SHU 1.53
ift U7is II3S
07
B7
OSS
Dlti
D.1H
!
UUfc
Deo... 111,40
Jan.,. 15.00
4isy. lo. oi
nu
ll
Jan
llir. .
Hork-ptc...
Jn
ay..
ilia.
14 ns
H.3T
27.27
2S.75
20,70
in.on
111.42
ia.43
14.6.1
14.78
27.B0
27,33
SIM
lfl.4
1B.K2
IB. SB
14.30
14.37
27.23
2S.78
20.7U
tAilted." JNomlna'l,
04i
HUH
37Ji
0211
in.ss
in.42
tl0.40
14,03
14,73
27,30
27.61)
27.SO
"2 W
'..It
tin.42
tin. do
15.110
14,32
14,42
12i.nn
2II.IIU
20.81
FOREIGN EXCHANGE
NEW. YORK. Nov, 20. In tho early
dealings today the foreign exchange mar
ket was dull and steady In tone, with a
Ingle exception of an easier turn In Itus
clan rubles. This class of exchange shows
a decline of about 60 points from tho'hlgh
figure of the rally on Saturday.
Quotations: Demand sterling 4.75 11-16,
cabUs 4.78 7-18; 80-day bills nominally
4.7 H,t 80-day blls 4.091& ; frano cables
6.8514, checks 5.84 Wj relchamarks cables
89 5-18, checks 8U ; lire cables 8,71,
checks 8.71 Swiss cables 6.17, checks
5.18; Vienna cables 11.86, checks 11.85;
kroner cables 28.38, checks 28.30; pesetas
cables 20.60, checks 20.60; guilder cables
40, checks 40 13-18; ruble cables 30.40,
checks 10.35.
130011 Alas (Jd cv (In Hrr A H6
271100 Amer Asr drli Bs . .1II1U
4IIIHI Amrr 'iit Oil Til "7
104CMMI Annlu-rrench Bh DBli
iliilio Amer Hide & 1. (In . .lilt
731)1111 Amer I'nr Brc Bh IIMW
,23MIIHI Amer Hmclt .Sec (la.. 121
2111)1)0 Amer Tel clt 4n ... 1I2H
IllllHII Amer n-l CIIHV 4 llll'
Bliwiii Amer Writ Pup Sa .. I2'i
IBIhiii Armour t'o 4V4b ... H.1T4
anilil Ati-lllaon sen 4a
Bin) do ndj la
lllllU d(i cv 4s 11)00 . . . .
4IIII0 Alliin ffi t.lnn la) 4fl
llllll Halt A Oh Hi Illl'i
22IMIII dn 4a lll"-i
3IMMIII du cv 4M Vd't
11000 1IAO- 1' LMIVV la K7
limn llelll Mrel lilt Bh ...101
7000 do rfd Ba 102ft
aiiiiu llrilden (Viplier da nu
311)110 IlrUn rnp Tr B 1018. 100U
1 1 iiuii uan uov na 1U2L
701X1 do 11126
2(11)00 do 11131
201)0 Cent 1,'iither let Ba
lill(ll) Cent 1'acldc S'Ah .
llilMli) dn lal 4a
.122(10(1 Chill 4'oppor 7a
2AUUII Chea A Ohio cv 4'ia.
HdiKI'l do conv Bn
21)000 Chi Ol Weat 4n
3000 Chi Un Htn 4'4a
Hooii C II & 0 Joint Ik. ..
3000 dn Kin 4a
Humid c M & Ht ! dlv 4a..
Ilini) do nmv Bh
.1000 do cv 4 Via
1 li( ( ill do mn 4a
klKIOII (' ri I k 1- rfd 4a ...
12000 do Ba 7Ui
7701)0 do Ba rt ono atii...- 71
301100 do Ark 4tts 71
B0OO Col lndmtrlul Ba 7DW
liioiii) Col Midland ct la ... 1"
17000 do 4a 17
BO0O Col k Mouth 4Ha.... S3
1203110 City of Pnrla tla iis'.i
2(1110 Con (Inn conv Ha ....123
inon Den h It (1 4a H2
00000 dn rfd Ba 71
10000 Detroit United Hi a.. KHTj
Villi") Dla Hec Corp Ba .... 7H.
Soon Krlo ronv 4a er II... 72
2200A do 4 Her l 54
17000 do prior 4a H4
12000 Umnby Co Ua 117
21000 do ata On 113
20000 Tlud & Man rfd ,Ba .. 71
701X1 111 Uteel deli 4 Via .. IKIVS
1000 Indiana Steel Bs 104.
13000 ill Cent rfd 4a Mi
7000 dn 4a 10B3 K8V4
120(10 Interh .Met 4Vi 73,
HUioo Inlerh II T ref Bs... 0H
8(1000 Inter 5Ier Mar (la t7.
Iliooo Internl Taper Ba 00W
10000 do 111 , 102,,
pooh Jiip new o H 4Vis... 81V.
100(1 do A'a HH
2000 K C Kt H ft M 70
flon Knn CHv Ho Ba . . . 01
223000 I.arka Hteel Ba 103O. .10S;
loooo l.K Mi neu la lu.'n... iin i
ii.t-.
IIIhI). I.nw
ho
101
117
on;
in:i
IH.
iui
1)2 u
ii. i l;
ni.
n:i'
3
p sr
MH
101'i
IK
1)3
lot
HH'i
120
II21
1IIIM,
o:
tt'ill
111. IMt D4H,
H3V4 8314 83'4
KIlU 101'i 10IU
114
110V4
too
1I13H
00
111
1B4
8S8
73
100V4
un
1011
1O0'
1
1)4
101
1)2
till
87"i
104
1021
ll'i
1001.
IMI'i
mitt
100
10.V,
no?i
ol
144
h.'.W
li.-lli
7IS
100 Vi
nu
B4U
112
10(1
O0J4 10OV4
112 K 10JJ.
71) 77.
71
71
do;
70'T
17Vi
"'It
123
82
71
83
7t'
72
83V
84
113
1I4H
71
II3H
101
lllf
8Hii
73
on
DllHi
!W?
lo-:
81
RS
71)
111
107'i
l)0"i
114
101
1I2'4
87 K
104
102!i
i.ii
1 Illl'i
IiliTl.
lioVi
loo
ln.l'i
no "i
til
141
83 'A
74 'J
lOO'i
01)
mi;
l2
1(10
mow
loj K
78
71
71
71
ISl.
17H
83
07T4
12B
SJ
71
83
7,1 H
8"3'4'
84
113
115
71
IKIVi
101
111 .
8HU
78
110
DOU
01) Vj
102
81
88
711
III
10HW
nnli
llSaJ
HWll llll 111.4 1. !. ...'
2000 I.I a b M T Ba 102W 102 4 102J4
2000 df 7a 127 12714 127t
2000 Irfirlllnrd 7a 127J? 127J? 127J4
ir.llOll tiula Naah 4a 113 03'f 0V4
acinic am j-no w i ta iwi -., "
nOOO Mnnl Pnw,r Hm 00 OOI 00i
Ba
2000 Nnt Tuba
soon v v (" & Hud fla
14000 N Y O ft Hod 4V4a
itiiiii, no con ia . . . ,
3000 N Y O 414 a Nov
1fl(K) N V Ou II I1 Bi
1000 N Y Lackii ft W 6s.
?0ono N Y Ilwy adj Ba
Biioho N Y Tel aen 4VSa..
1000 Narf ft Wnl 4a
102 102
I ll.Vi
.113K 11314
on
. 80S
i4
OS'S
80S,
'57.10'IH lflO'4
1 (11 tt ml!
inW, 1071?
ftilN
iiiii;
01
Bi
no 14
111
LIVE STOCK QUOTATIONS
roush henvy.
pics, to.nntp
KATES FOB MONEY
Ntw rprk a
PUUdelptaU 4
Call.
estt
Isoatozi
C'tlcaio
;
ilaV .......
341
3Q4
per. Uirie to U montha
Vf vfc.
3TF
. FblUv
BANK CLEARINGS
CHICAOO. Nov. 20. 1IOOS Tteeelnts. 03.000
Markets, lOo lower. Mlied anil butrhera, UUP
11,11.11 acMiii nriivr, .u.ii.i wi.,ii.t
til 3flttll.H0! llxht. tO.40O0.tlU
6.33; bulk, I8.0OO0.7O
GATTI.B Ileeelpla, 33 000. Marketa, aleady
tn 10c lower, tleevea, l!4f12! cowa and hlfera.
I3.73ni).81l atiH-kera and feeders. I3.23U7 70:
Teana 7.nnjtS.0ili rulves, JlOtf 12.r,0. '
MltSEP Herelpts. 22.000. Markets, steady to
atroiiK. Native nnd weatern. il.l&iPlO.lB:
lambs, I8.23Cp1I.B0. ".
Extra for Cosden Oil and Gas
BAI.TIMO'nU. Nov. 20. The Cosden Oil
arid Gas Company has declared the regular
quarterly dividend of 1 per cent on the
preferred stock, payable December 1 to
stock of record November 22 ; the regular
quarterly dividend of 2H per cent, nnd an
extra 1 per cert on the common, payable
December 20 to stock of record Decem
ber U.
Financial Briefs
Ilirifc- elearlnss today compared
ipcnaln day last two years:
11)18 1015
Jloiton ,. ..I31.4SO.RS.1 1237270.041 118,377207
J'ijlUdelphU 42,777.033 28.384.323 Sl.ol&.tSS
Kar Yoilc . .3UI.73V.84U J03.75I.S43 203.898.4iT
with corre-
1914
NEW YORK PUTTER AND EGGS
HEW YORK Nov 20. niJTTKrt )l..lnl
St tsrts, tlj-m. wlth sharp supply of all
me s
The New York Subtreasury gained J7U.
000 from, the banks on, Saturday, making
a cash net gain since Friday of 3929,000.
Coal shipments over the Norfolk and
Western Railway and other railroads In
that territory during October totaled 2,910,.
077 net tons.
Gross earnings during October of the
American Power and Light Company were
1728.727. a gain of 158,552 over the same
month last year. Net increased HO, 498 to
1848,043. For 12 month the net earnings
were 13,880.480, an, Increase of f 356,351.
The American tiocomotlvo Company has
received orders for twenty-Ova locomotives
for the Nickel Plate and four for the Bir
mingham Southern.
The Harlan & Holjlngsworth Corpora
tion has received an order from the Nor
folk and Western Railroad Company for
fifty steel passenger cars.
New York Stock Sales
I.Mt
rloae.
07H
15K
74
1.1
8U
MX
IKHf
89! .
Acme Tss
Adr ttumelr
AJm Ttubber
Alatka Gold M
Almlca 1 Gold M ...
Aim-Chnlmeri Mf. ..
Alllt-Chal Mifpf ...
Am Ac Chemical . .
Am Beet Suear
Am Cm ,. (io'f
Am Cir ft Fdy 7,t!i
Am Cotton Oil Mil
Am Hide rather 10U
Am Hide ft t. pf 7-t
Am Ice Hecurlllci 28
Am Unwed 22H
Am t.lnwd pf m
Am Locomotive 1MJ
Am Hmelt ft Her .
Am Smelt ft II pf
lllsh. t.w.
07 07
IS', mi
74M 74
13 12H
8M m
.1.1 3214
mn sou
SSI 88
8.00
p.m.
07 .
Mtf
74
KH
8)
32)
SOU
88
102H 102H 102M 10214
t0'. KiH UflJi
Am Smelt pf II.
Am Btecl Koiindflftl
Am Suitar Iteflnlnj
Am Tel A Tel.. . .
Am Tobacco.
77
fi.1
I8W
70! f
28H
2,1
r.i
04!f
12IK 122H 121
lldU 117 110
73M
MH
17
7.1
284'
G2U
r,M
in
J7
62H
17!i
7fi
2!
2.1
r:i
121
117
iio un?. ioi; ioi;
W,i 72 OnU 71'4
117H 117? 117K 117'
132M 1.12U 1.12H 1.12ii
2:21 22 Uj 221?i 22 1H
Am Woolen M M'.i Mli hVti
Am Writing t pf 71 71 71 72U
Am Zinc r. Sm 0,i MM 01 0.1
Anaconda Cop M WV,( lOfiH 101 104!;
Atch Top A H K 101M 10.1 lot 101'f
Alrh Ton ft H V nf 1IMH4
All Coast Mno 121
All Gulf A W I: 122
80i
.107
. 80'i
. -:
700
108
8.1K
71
2.1W
t,2H
Ilald Uko Wks .
llalil 1ko WU pf . .
Halt ft Ohio
Halt ft Ohio pf
Hflhlehrrn KUel
Ilethtchcm Steel pf . .
HrooUyn Hap Tr....
lliitln ft Superior....
Cal Petroleum
Cat l'ctrolcum pf. ...
Canadian 1'nclflc....
Central Iz-ather
Chandler Motor 100),
i nn ft on in . . .
Chi Great Writ..
Chi Great Weil )f
(hi Mil ft St I'...
Col Gai A Kin
till K I ft l'ao ...
Clillo Copper
Clilno Copper
Col Fuel ft Iron
Consolidated Gas...
Corn l'rotl Itef
Com Pro Kef pf. .
Cruclblo Stocl Ol)j 0.1
(Jrncli)lo Htoel pr 12,1$ 121
100H IOO)S 100)j
122)4 122)4 122)4
122f 120)4 122
87)S 80)f 8
108i 108 101'f
80!f 8(1 80
7.1 7l? 74,','
7(K) 700 700
10," 10." 1C.P)
MM M' 8.1'i
74'f 71)4 7.'1!4
2.1'f 2.1! i 2.1'4
ran ta ta
.172)4 171f 171)4 171!4
114 114)4 1104 112
100 100 100
07( 08 07?4 07?j
H'4 lt'4 ll'S "l4
41 i:t' 41 ' 4.1's
IH IM I2'i K'i
4I'4 47(4 4"'4 47
. nvi :i:i,' xi'i .Tt'j
ao? i .17 .ins .i.-
. :i 7.T4 "0i 70'i
. fi(1JJ 01)4 fiO)f 01
.1.10)4 1.10! iafl? 1.10!.'
. 2.1 2.134 22)i 2,'llf
10,-) 10.'4 10.-))4 100X
01 lf
Cuba Cano SuEar 71).
Cuba Cano Sugar pf 0S)i
Deere ft Co pf O.'i
Den A Itlo Gr pf 4,r)
Dhtlll Sec Corp'n 41)4
Homo Mine 24)4
Krln ,17)i
Krlo t pf r,Vi
iPi.rral I'lertrlc If2
Hoodrleh I) P 70'f
Granny Coniol HTi
Great Norlhrrn pf 1I8W
G N rf for oro prop .. . 45' 4
drrrnr-CananiM fiuli
Gulf States Steel 100
(fulf States S 1st pf. ,..1(),-,'i
Gulf States ri 2J Pf l(l."i
Illinois Cent 105
Insp Con Cop 7H ',
lnt Con Cor v I c sh .. 17'(
Int Ilarv Corp n
Int Paper
lnt Paper pf
Int Nick v t rfs 481
Int M M cof dp IS'i
Int M M Pf c of dp 120)4
Kan City Southorn 2.".!.
Kelly Sprltm Tire 77
Kennerott Copper 0.1) i
Lack Sleel Co 104)4
Lake Krlo ft W pr BO
I.ec Ituhber Tiro 10!f
Lchlch Va.ley 82'
71 U
1)3)4
IW
40)4
41
24;;
.17
G214
120)4 121
71)4 71!4
OHM
n.'i
45
42)
2IU
.10! i
80)4
0.'
70);
70?,'
.10.-! 10."i)
is;
4S4
120';
2.-?4
7K
oh;
0SJ4
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40)4
43
2t
17
r.2'4
J 82
70V4
11 Hi
117f
47'4
rr,a
100
io.v;
i:8 ics ics
101'4 10-H4 101)4
7Hi 72'; 7.1
I8,J 1814 I8'4
7o; Tin;
08)4 70
101' 4 1(),
IS! 4 48)4
47'-j 47'i
11!)' j
2.1!;
78
02?4
1S2!4 182
;om 70' j
118 lit
ii7; ii7;
47); 4.-.)4
ro M);
100 1 .19
10.1!' 10.1'
ijii. sssltes-i
100)5 lOoJi
fools ft Nash 1,1.1)4
Mnckay Cos pf.
MnxHell Motors
Max Motors 2d pr. ..
Mex Fetroleum
Miami Copper
Minn St P A S S M
Mo Pac w I
Missouri Pacific
Mo Kan ft Tesas. ..
Montana Toner
Nat Illscult ,
Nat Knam ft .8 Co..
Nat rad Co
Nov Con Cop ,
New York Air Hrako.
00
70)4
10 '4
1
40'f
8.1
1.1.1
cr!4
7,114
.0
0)4
... 10'f
... 7)4
... 08);
...12.1)4 12.1
... :nt .11)4
... 09
... .13
177
Now York Central 10fitf
1 1?4
2.1'f
78
02? i
10.1.'a
fit
40);
8.1
1.1.1'4
o;.)4
7.1)4
fid
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19JJ 48'f 48)4
121); i2i; 121).
20); 20';
10); 101;
7);
03
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177
100)4 107
17 17
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fil
low
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0.1)4
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fill
109' C 111)4 110
47!
122
20!;
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09
0
:)4
185
107
17
.19
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12.1
M
70
3.1
181)4
.ito)f no;; um 140?;
.Ill'; lll!i 110)4 lll!g
New York Dock 174
N Y N II & II 6SJ4
N Y O ft West .11
Norfolk & Western
Northern Pacific...
Ontario Silver Mln 7f 7?4 fi?4 7)4
Pacific Mall 204J 20J4 20,'i 20?f
Paclllc Tel ft Tel .17)4 37 .17 .17
Pan-Am Pet ft T pf. . . . OS); 1)8)4 0S)4 08W
POiin llallroart...: fiD; .17 flfljf 57
Philadelphia Co 4-154 41 41 41
Pitts Coal c of dp 41 4 1)4 41'; 4 l!f
Pills C C ft St h 8.1 80)4 8.1 80
Pressed Steel Car 87)4 88 8.1); 85Ji
Pullman Co 108 108 108 108
Ily Steel Spbs 57)4 SSJi .1754 58
30)4 37 35)4 35!
nay Con Copper.
Ilcadlnc
Heading 1st pf
Itepubllc Iron ft S....
Itruubllc Iron ft 9 pf.
seaboard Air Lino....
beaboanl Air Una pf
Sears, Hoebuck ft Co.
Shat Arli Cop
Sloss-Sluf R ft I
Southern Pacific
Southern Jly
Southern Ity pf
Standard Mllllns. ...
St Louis ft S r w I...
St Uju'j Southwest. ..
Studebaker Co
Tonn Copper
Texas Co
Texas Pielflc
Third Aenuo
Tobacco Products 5.1
Tol St I, ft West S;
.108)4 HOW 108); 110)4
14)4
. 00)4
.no;
. 10)4
. 38W
.2.11
. 30
. lK))j
.100
. 20?4
08
It
0.1
117
17
30
2.1.1
.17
01)4
OlUi
28
07)
11 41
00.'; 02)4
110)4 110)4
lGJf 17
..10.1)i 102)4
2.1
. 27
.128
. 24)4
.232
. 18
50
Tol St h ft W pf.
Union Has ft Paer. .
Union Hag & P new .
United Cigar Stores .,
United Fruit
Union Pacific
UH 01 PA F
U S Ind Alcohol
United It) Inv pf....
US Itubber
U 8 (lubber 1st pf...
U H em II A M
U 8 Steel Corp'n.
:o
2.1.1
:mn
00?4
09)4
20;
07j;
102)4
2.1)4
27
120)4 124Sf 12.1
21)4 21)4 2154
2.17W 211 2.17)4
18 18 18
50)4 49)4 40)4
aii
Al..
lojj
23!.'
27
30
233
37
01
1)9)4
28
07)4
102)4
2.1)4
27
55
8)4
17
15)i
as
8)4
.. 10)4 17
.. 14?i 15).'
.lis; 12 1; 122
..oo 01 09 oa
102; 10.1); 102)4 ion;
-.148 148); 147); 14714
.. 27i; 27)4 20)4 20)4
.137)4 137); 13d 137
.. 27)4 204 20)4 20)4
.. 03); 04 (13)4 03.';
..112)4 113 113 113
.. 78!f 80 78)4 SO
1201; 129); 12014 li7'.
U 8 Steel Corp'n pf 121); 121); 121)4
Utah Copper 12!) 120);
uian securities I'jjf yj
Va-Caro Chemical 40). 40)4
Va Iron Coal ft 0 72 72);
Wabash 15); 15)4
WabsshpfA 58 68)4
Wabash pf II 30 30);
Wells FariiO Exp 135 138
West 'Union Tel 102 102
West E &M 05)4 05?;
Western Marjrhnd 20)4 20);
Wheel ft L K 2d pf 2)4 2);
Whlto Motor 53J4 54);
Willys Overland 38)4 38)4
wiuys umianu pr uy w
127)4
20)4
40);
OU
15
67)4
30)4
Wool north F W.
Uuoted ex dividend.
13i54 139
127
20
45?4
09
15
57);
29)4
137)4 138
103 102
63
20)4
2);
5i);
38
09
139
05
20);
2);
51)1
3&)
09
139
LOANS CONTINUE TO GAIN
Increase of $1,724,000 in Week Sur
plus Declines
For tho tenth consecutive week ha mtm,
bers of the Philadelphia Clearing House
Association show an Increase In loans, the
gain this week being 1,724,000. The loan
Item now stands at 1541,898,900, as com
pared with 1516,320,000 on September 18.
Individual deposits gained again, the In
crease being f 1,783,000. Surplus for the
week fell 1598,000. This compares with an
Increase of 15,241,000 last week.
STEEL ISSUES LEAD
TRADING ON CURB
Midvale Attracts Moat Attcu-
tion, Advancing Ono Point
'on Good Demand
NI3W YOIIK, Nov. 20. Thero was vig
orous trndlnr In tho steel stocks nnd war
order lasues on the Urond Street Curb to
dny, with most attention devoted to tho
buying of Midvale Hteel, which rose over
1 point, to 74?4i during the forenoon.
This buying was accompanied by a good
deal of bullish tnlk and by predictions that
when enrnlngs statements nrc published
nnd dividend nctlon Is taken the stock will
be established nt mnterlnly higher prices.
Ilnftkell A Marker made mi ndvnnce, mov
ing up 3 points to 47Vi. nnd gains of 1
point or more wero made In many other
Issues. Including Maxim Munitions, United
Alloys and Hteel Alloys, the last-named
stock on favoroblo advices from the mines
rising from 3'. 4 to
Charcoal Iron advanced to 8"J follow
ing tho news of tho ndvnnco In the prlco
of wood alcohol of Be a gallon to take
effect December 1. Strength way nlso Bhowti
In Trlnnglo Kllm, which roe to 3,
Tho oil stocks wcro Irregular, with Sin
clair moving up 2 points to CO1,!. Harnett
ranged from S',4 to 3T&. The mining stock
wero Irregular also, Cerro do 1'nsco advanc
ing 1'4 to 47, nnd liny Hercules selling nt
d to fi',4. Mngmn, nfter advancing from
0.1 to GS'i, loHt nil IIk gniti.
.1NDUHTI1IAI-S
Aetna Explosives ....
Amerlean-lirltlsh Ml
III. I
. I 'i
:'Su
, to
. 711
.nr.
. i-''i
. o'i
. 2.1
. H'4
. "(4
:
: r.-.'i
!!a
Ilnii
.' ai?
. (UN.
. 1
! i!
, 1
Atnerlean Mnrconl
cannninn ( ar Co
(nn Car ft 1'ilv pfil
Chevrolet Motors
Corliss Aeroplane.
1-rnerann I'honnarnph
Haskell ft Darker Car
llemtee MfK
ICnthoitlnn llronxo rfd 1
Lnnrel Oil Una
Maxim Munitions
Mfttlhnttnll Tr limit ,
Ml.lnlx Sleel
oils lllevnlor
Peerless Mntora
I'nnle Unit
H H Kresae v: I
Htnmlaril Mntora
Muliinarlne dual
Triangle Kllm
United Motors ,,..,
Ilnllcil Pront KharlnB ........
II fl I. a II com
II K 1, ft It life!
World Film
IIAU.IIOADH
rtork Island com as
Iloek Island A rfd sh
Itoclc Island II rfd 71
STANDAHD OH, STOCKB
Hid
Illinois '. 'Jlo
Ohio .1JJ
Trnlrle Pino i'.-m !!
Htandanl Oil of Cnllfornla !"''
ito New Jersey IIH".
do New York -75
OTIIKU Oil. RTOUKH
Cosden nil
Cnsilvn ft Co
Inter Petrol
Houston oil
Mldnest Kef
Haiiulpa Itef
M1N1NO HTOCKS
Iluttn
Itnlfn
( Vrro d. Posen "Ill
Asked
l(l
UO
.T4
no
XII
1KJ
.10
IJJi
sn
in
'7'i
1
7.TI
(Vi
L'T
11.1
1:1';
H
I.I1',
as
oa;;
1'4
as",
71'4
Asked.
L'17
.170
ni2
:isa
1,11.1
'.'SO
i:i;
in;
1H
T7.
11 ;
Chopper nnd Xlna 17;
n V .-''5
1 1
'.
1 1 Vj
"o
ll'i
J 7'i
Klrst Nnilonnl A r,U
riorenee (Jolilfleld "-..
(liil.ineld Mincer '!? 7
Iteela Mlnlns n, HJ
llmro Hound H! I)
Jim llu.tl.-r nr, loo
.Itimho 12xt -M
McKlnley Dnrrneh no 1. 1,
Miiamn Copper ".1 1,.1'a
IMIues Cn of America 11 -;.
Nlplsslnc li BK
Han Toy 17,, 111
St Joseph l.eml i'lVa I'll
West Uml Con 711 72
Whlto Oaks I 1'i
IIONIIS
Cerro ns 1-7 l-
Mldvnle Ha DS'i HSJ',
Husaliu; litis 100 100
u i; r.V4a. a-yr nt;, nu';
du Ti-jr 0S4 U8W
LOCAL MINING STOCKS '
TONOI'AII STOCKS
ntd Askfd
Jim Hutler oh l.oo
MacNnmnrn. OH .10
Midway 1".' -I
Mlzpnh Extension Ill .-'1
Montana .-.'I ."O
Northern Htar 1.1 17
Tonnpuh Ilelmont 4?g 4H
Tonapuh Extension ....... ... 5 rv
Tonopuh Mlnlna n nU
llesruo Hula "7 ,1'H
West I3nd 70 .77
OOI.DKIIU.D STOCKS
Atlanta on .10
llluo Hull OJ .IK!
Iiouth 10 .11
C O I) 0,1 .01
Combination Traction 0.1 .117
Dlnmondlleld II 11 II." .0(1
Daisy 01 .0.1
Florence '.'.1 .110
(loldHeld Consolidated .11 .nil
(loldlleld Merk-er 01 .on
Jumbu llxtvnston 'J7 ,i;o
Kewillms 10 .11
Oro O.'I .04
Hand Ken 01 ,0.1
.Silver Pick I'll .'Jl'
MlHCi:i,t.ANi:OU.H
Nevada Hill 'J2 ,L'I
Nevada Wonder 2.111 1M0
Tecupa MlnlllK 11 ,10
NEW YORK COFFEE MARKET
SEW YOIIK, Nov, 20. Tho market for
colYec futures opened steady today, ,1 to 4
points lower. Trad lnt; on the cnll was
qulto active with sales nmouutlni; to 9000
b.'lRH.
After tho call scattered liquidation and
local trado sclllnff continued, but there
was quite an nserrsslve buyliiR movement
hy outHido Interests, thoiiKht to bo Cotton
Kxchange houses nnd Wail strcot. and
prices showed Rains nt tho end of tho lirst
hour of C to 10 points.
November
December
January .,
February .
Marrh ...
April ....
May
Juno ....
July
Auimit . . .
Heptember
October . .
llld.
Today's
openlnir,
H."(oR.in
N.lSVnM'S
8i3nOH,40
slifos. IS
B.iii)8.C0
H.'il)OS.70
S.J3
Saturday's
close.
H.1SWH.1S
H.lllJiH.lK
N JlffH.i'll
H 31ffi8.:i3
H Kliii'S.ll
h.lllftH. 17
H..11ls 53
K..17efK..1ll
N.il.14M.ll.1
S.OS.S.70
H.7:tN.73
S.7SWS.O0
Second week November.
rroni juiy i.
RAILROAD EARNINGS
CANADIAN PACIFIC
a . . . ... """ Increoan
Second week November. J3.0.11,oon Jlil noil
From July 1 8.1.710.000 10.40S.000
CANADIAN NOHTHKUN
IKIM.IOO 4.300
Ill.laa.UOU l.l'.'S.HOO
OllAND TIIUNK
Second week November. il.2H3.nOI 1312,183
I1KTIIOIT ANI MACKINAC
Second week November. 124,407 JflHl
Krum July 1 403.2011 63,2411
MtNNtSAPOI.lH AND ST. I.OUIS
Second wtvk November. 12.17.203 $10,473
l'rum July 1 4.320..10T 2tll,272
High Cloth Prices Check Demand
MANCHKHTKH, England, Nov. 20. The
higher prices being asked for cloths nnd
yarns aro checking business,
Nov. 20, '16.
Loans 54I,88H.O0O
D.poalts (Ind.) 47a.46D.0OO
circulation. a,uo3J)oa
l)U9 from nhi nu.oui.uoo
Dtpoalt Of bunks .... 184.082,000
Bx. Clwrlns Iiausa 23.424.ooo
srv luld I14.iJSl.wo
nrv rmuiid 2.to,uua
Dlf. prev.
vr'lt. Jnc,
fl.T24.000
1,780,000
f78.000
3.441,000
4tf.000
3.T18.00O
811 ooa
J18.00U
Tax Frea In Pennsylvania
Federal Income Tax Exempt
Borough of Tyrone
Pa. School District
4a2s
"Maturing January 1, 1046
A. B. Leach & Co.
115 South Fourth Street
Nw York
notion
Chlcaaa
Ixndon. Ens,
lluffala
Baltimore
HEckERj'Ca
BANKERS
and
uw, vy. - . unuivcua
in ihuoimui aro, n. e. cor,
, lfunhMM &f Phlla. 8lM.k 1?,hl.n
Direct Wir to New Teri
Special LItt lllali Crado Tax
Free Bond
- ' ""i
Sales in Philadelphia
lllsh. low.
30 Acme T to 07 H 7V4
23 Amer Mill ft ft
10 Anne Cop. 103 103
83 11 A S t c... ns (id !4
do pref no on
100 Chill Cop. 33 33
SO Cam Iron. 43 43
100 Chlno Cop 7A.
013 Klcd Stor. lay, 0014
lOORrlfl 37 SlTh
100 O Asphalt. At 31
23 Ins Co N A 11 21
(10 lnt M Met 47 47 H
100 Int Nlcket. 437A -is
S Key T Co. 14 14
1303 Kenen Cop 01 02
7I0 I. .Sup Cor JO; 2
4 Ky Kecur . 02 31
4? I.eh Nnv . SO 80
31 I,eh V Tr.53 210',
3S do pref. 43 43
20 Miami Cop 18 4ft
2003 Nov Cons. 31 32Si
022 I'cnna It II B7 30
287 l'a Halt M 00 DO
10 I'hlla Co
cum pf. 42 42
2881 I'hlla i:iec 30 30
2810 I'llT tr cfS 2.1 26
13 I'hlla Trac 50 70
300 Hay Cons. 30 3.1
800 ItendlnfT. . .IIOVi lowy,
1 1 10 Ton Hoi, . 4 4
178 Ton Mln.. 0 0
371) ln O Imp. 01 01 U
8 l'n (' S J. 220 220
7027 I' S Steel. 120 I2flli
60 War I & H 05i i)i
o.lo Win Cramp ol ooii
I'M York: Itivy l4t 14
li.io (In pref. 37 .1(1 li
PONDS
lllah. Iiw.
S3 1 00 A (1 &. V. r,R 00 00
3000 City 4s
1DI2 c ..102a', 10274
1300 nice Si Pen
Tr 4 s .. 82 82
0000 I.I; .Sup luc
Em 10 l
,ooo l.eli N cons
I 'in ...102 102
oono l.eh V con.-
I (in '03. 100 100
loot) Nat Prop
Co 4-Cs. 08 03
10000 Pa Co cons
I Us ...108 100
1000 I'hlla Co
cons Ds. 02 02
70000 Phlla Klco
l.H 08 00
12000 ItcndlnR
Ben 4s.. 03S1 03i)i
loot) Un Ilwy
Inv Rs.. 70 70
1000 Welsbnch
Co lis .. 00 00 Vt
3000 York Ilwy
1st Us ..08 08
Close.
07
ft
103
00
00
33
43
i 72
70
37
31
27
41.
48
14
02
20
33
80
23
43
48
331)1
60
DD
Net
crise.
1
1
'
3
-M
'
42
30
ri w
7D
33
110(54 lff
46 -f 1-10
0
01 "!'
220
127'Vl M1)
0
Dl 2
14
37 t
Net
chse.
Vi
Close.
00
101V,
82
40
102?,
100
08
100
02
08
0.1 Si
70
00V4
03
n
ik
tt
3
COTTON TRADING
WILDEST IN YEARS
Unexpected Sharp Advance in
Liverpool Causes Abnormal
Demand in New York
XIJW YOIIK, Nov. 20. Tho openlns on
tho Cotton IlxchaiiBo this morning was the
wildest in years, with virtually everybody
around tho rinp; iIoIiib somo business. Tho
unexpected sharp ndvnnco in Liverpool,
whore prices woro up 20 to 33 points nt
tho start here, whereas they wero due to
come 3 to 4 cents lower, caused an ab
normal demand.
Liverpool was the best buyer and was
followed closely by recent shorts who took
their losses The proflt-taklnc IntlulBcd
In by longs probably prevented tho mnrket
from becoming a runaway affair. South
ern Interests purchased tho near months
nnd sold Into options.
A Rllmpsco at tho uncertainty of the
price raneo nt tho Rtnrt might be seen from
tho following: December started at 20.00c
nnd sold down to 20.80c whlto January,
after nn Initial sale at 20.80c, rose to 20 90c
on tho call. In September there wcro threo
transactions nt 10.15c, 10.30c ami then
19.2Cc. After the call tho market contin
ued actlvo and prices held nt about the
early levels ut the end dt tho first IS
minutes.
Weather conditions In tho South were
clear. Temperatures wcro higher In nearly
all sections, but frost reports wero re
ceived this morning from southern Ala
bama nnd Florida.
A private cable from Liverpool described
tho Kngllsh mnrket as wildly excited, with
few sellers. Tho Continent purchased and
thcro was heavy trade buying for the pur
poso of covering Manchester business.
Close. Sat. Open. II a m. 1
December ... 20 .12 20.00 20.82 .
January .... 20.68 20.8(1 '.'(i.s.1
March 20.71 21.1)0 2101
May 20.112 21.2.1 21.22
July 20.8S SI.'.'T ...
October 1HXI 10.03 Itl.O'J
Spot '.'0.2(1
1 r m.
20.7.1
20 80 20. Nil
21.11.1 21 1)4
21.24 21.20
iooi .'.'.'.'.'
November
Bond List
Our current general list in
cludes offerings adapted to
the various requirements of
institutions, trustees and individuals.
Issues
U. S. Government
Municipal - -Railroad
- -Public
Utility -
Foreign Government
Yielding
2.00 lo 2.90
3.80 to 4.2S
4.26 to 5.83
4.90 to 6.12
5.00 to 6.40
Send for Circular PE-68
The National City
Company
1421 Chestnut St., Philadelphia
New York nttsbursb Boston
American Sumatra
Tobacco
BoutU Soil Quoted
Lamarche & Coady
14 Wall St., New York
Phone 9970 Rector
ANOTHER NEW TOP MARK REACHED
BY PHILADELPHIA ELECTRIC ST(
Talk of Plaoing New Shares on 8 Per Cent Dividend B K
Lake Superior Is Active Philadelnhin n $m
.Western Earnings Good
While Philadelphia Electric utock was
not tho most aotlva In the trndlnB on the
Philadelphia Stock Kxchange today, a
Kreat deal of Interest was attracted to It
by reason of the fact that nnothcr new
hlRh price was reached. During the morn
ing llio price rose to 30, n (rain of Vi
as compared with the cloeo of Saturday.
At the name time the company's four per
cent bonds rose 9U to 98 14. At this price
they wcro up 12 Vi points from the quota
tion on November 11. The bonds were tho
most nctlve In the bond division. Alt of
the stock's gain was m. held to tho
clone.
In connection with tho ndvnnce of tno
stock there were several stories In circula
tion In the Street. It was said that the
stock of the new company under tho re
financing plan, the success of which Is now
assured, will bo put on nn 8 per cent divi
dend basis within a short time after the
plan Is put through. It was pointed out
that the company Is earning enough to
justify an 8 per cent rate. Another thing
to the ndvantnge of the old stock Is that
after December 1G It wit he full paid, and
tho Street held that It should naturally
sell hlnher than when It was subject to
assessment. Thcro wns nn idea In some
quarters that futuro financing of the com
pany Is likely to bo done by allotments of
stock.
Ily far the most nctlve Itftjuo In the day's
Besslon waB Lako Superior Corporation.
Tho movement of tho stock was narrow,
however. At one tlmo during the morning
It wns n fraction under the final of Sat
urday, but this was recovered In tho after
noon. An Interesting thing wns. tb,e ad
vance of Kentucky Kccurlt.es common to
.12. a gain of .1 point'. nnd n new top
mark. l.chlgh Valley Transit common
equaled the best price of the year, reach
ing 2.1Vi. After selling unchanged nt 94 In
the morning, Cramp Shipbuilding declined
a full point. In the arbitrage group United
States Steel common, with nn ndvnnco to
across 129, established n new high mark,
Wheat at Liverpool
litVKIlPOOb, Nov. 20. Spot wheat was
steady today, with No. 2 hard winter quoted
nt 15s lO'id; No. 1 Northern Manitoba,
10s 2d, nnd No. 3 Northern Mnnltobn, 16s
BViil, unchanged. Kurrnchl wan quoted at
lCs; No. 2 Northern Manitoba new nt lCs;
No. 2 Northern Mnnltnba old nt Ids G1, and
No. 1 Chicago at lGs. Corn was strong nt
an advance of Id, with American mixed
and Date quoted at 13s Id, Flour was
unchanged nt 60s.
1 A
i- 4Jk
-Ay.
PUBLIC SERVICE
SECURITIES
Public Service Securities are
liyiked with t(u success of
municipalities.
We offer an absolute first mortgage
Bond issued by a Public Service Co.
located in a highly prosperous and
growing community in trie Soutli.
Sale of Gas has increased nearly
50 in the last 3 years, and there is
room for much larger expansion.
The security ia free Normal Federal
Income Tax and Penna. Tax is re
funded. Price to net about 6.
Particular will be sent.
BeJten Ayliivg S bvug
Land Title Bldg.Phade1phiBL
nnd that issue, with v....... - A
were the most active ot "hs vS?
stock.. '" li5
Tha Street was Interests u .
statement nf H, m...I ?.?1 'n 0( j
Hallway Com,n; f ft SS
months. The monthly iro,, !M.is8
to M7.433, while the net sdratf'SI
26,668. Kor the twelve moMafUiK
gained $88,888 to $608 S ww, IfiW
stood at $265,889. n lncres h. W
Hnlnnce for twelv'e months.8?,.0' MM
'. -. was t
a
ment of Inters). rn
Increase of $31,126,
nnininiiiniiiiii)iin(t
An.ornizati
1 that has beeB
working 27 yeafj
in your interest?
ia the Philadelphia AMnrijl
tion of Lite UnderwrltST.
II is composed ot tho km$
ientatives of the leaffis
gal reserve Life Insurant
States f and Oanada, y
appreciate die difflcultifi?
ing abreast of tho develoK
ment of hfo maurance. !
LIFE insurance, one
simply a safe harbor f&
the few, is now a billion M
lar business to which mora
than twenty-five millions of
people m the United Static
contribute. It is truly the
greatest thing in the worldJ
To know Wtr t ., uVll
-... ..,, iu u;,,; ,,, jg jjj
iiaati, ui incalculable value,
THE members of The Phil!
Underwriters are pledged to
teach you how to use it-li?
make it serve you, your fam?
ily and your business. The
iwiuw uiui it ma
ter understand
ing of life insur
ance is bound to
be helpful.
GIVE n hearing
to a member of
this Associntlon.
He jins n worth
while message,
based largely on
reliable informa
tion received from
insurance h o a d -quarters.
THIS smblfi
I J n t ( !. jl
National Jtuad.
atlon ot lm
Und rrrlt5.
Mrho srs ph
to th tUtiti
t a n & lit rt.
lAtt Iwntui
pracllcs.
Teach your children theprmS
ciples of life insuranc
m
Voluntary Trusts
Pfirfons wishing to establish Trusts for
the benefit of others or for their own benefit
can do so by means of a Deed of Trust.
Such Trusts can be started with a moder
ate amount and additions made thereto from
time to time. The right can be reserved to
change the Trustee or tho Beneficiaries or to
terminate the Trust.
A less formal method of accomplishing the
same results is by the appointment of an
Agent.
This Company will act as such Trustee or
Agent, and also take charge of the details of
the finances of Charitable, Religious or
Educational Institutions under the super
vision of their officers.
Correspondence or a personal
Interview cordially invited.
Commercial Trust Company
City Hall Square
Estimated Earnings & Dividends
OF
The Barnett Oil & Gas Company
Irvine 500 bbls. daily at S2.05 $374,125 annum?
"m Virginia oa ddis, gaity at jJ.ou.... uj,uu-
Gasoline at $500 per month. 6.000
Total present gross earnings ,......,, $441,810
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 Dresent earnings are eaunl to 66 2-3 on the CompsOlf
600,000 .hares outstanding, or more than 20J6 on tho present market
price or trie issue.
propei
even
The stocK is actively traded in on the N. Y. Curb. This nWi
rty should materially enhance in value sold yesterday at 4. j
Watch thi Market
No better opportunity for an advantageous investment can cceuj
in this record-making period. Jl
Writs 'Phono Call for full particulars
. H. CLARKE
Invttlment Securities
Morton R. Alexander
(Rraidtnt Partner)
Stock Exchango-Bldg,, Philadelphia, Pa.
Pkona 1149 Soruca
uortjiua si.Hss.ooa
"BUWli
n WS'ElrfeM' ' KCne?Buding( NwmM
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