H ,. u BMImuijmii
ffi
IS
BVBM5TG fflBIPHIIADBBPHIA'r jmiDAY, NOVBMrate 2d, 1910
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':r Fltf ANCIAL NEWS
A
STOCK MARKET STEADIES ITSELF,
WITH MOVEMENTS MOSTLY UPWARD
i '
ptili States Steel Goes Up 26 Points Banks Seek to Make
Loanable Funds More Profitable Money Not
Offered Until Late in Day
NI2W Tonic, Nov. 21.
1 After three days of bear pressure nnil liquidation, nt times In lnrgo volumo,
tho ntock market steadied Itself and today's movements wcro In nearly nil cases
to higher quotations. The advances Included Rains of 1 to 2 points In tho leading
issues, with violent nclvancos In somo of tho specialties, Gulf States Htoof moving
up 26 points to 181. '
Thoro was no buying In largo blocks, but most of tho demand represented
absorption by banking Interests and by that r.tnss nf commission houso clients
whleh nro nblo to pay for stocks bought In full and tako them out of tho Htreot.
At tho same time many of tho professional traders who had sold slocks In tho
last few days because of vaguo rumors about pending unsettling developments
were anxious to buy their Rlocks back, but found offerings too scant to permit
general covering.
As tho day progressed this condition became moro pronounced, and In tho lato
trading many Issues sold nt tho highest range of tho day.
Attention has been attracted to tho money situation by tho fact tlint for
threo days call monoy has loaned In largo volumo at 4 per cent, with nomo small
loans made, nbovo Uiat rate. There Is a disposition on tho .Street to regard this
higher Interest chargo as tho result of concerted action by tho leading banks to
rnako their loanable funds mora profitable.
Instead of sending money Into tho Kxchango around 11 o'clock to bo loaned
on call, tho banks for somo days past liavo hold bark their offerings until tho
last hour and at time Imvo called In loans, making somo of tho borrowers nuxlnus
'about rearranging tholr finances. This Is tho usual mothod pursued by banking
Institutions vhcn they dcslro to obtain higher rates for tholr monoy, anil It often
had tho effect of Inducing tho borrowors to maka tlmo loans Instead of depending
on the call monoy market for funds.
It was asserted In somo quarters that tho present action of tho banks was
duo to a groat extent to tho fnct that tho CO days of over-mllllon-shtiro business
had caused congestion In their affairs and that necessities for making aceotmtH
Eood at tho end of each day had resulted In long porlorts of overwork by tho
banking employes, and thoy desired to forco somo chnngo which would icllovo
this congestion.
Ono statement was mado that tho banks wero disposed to favor weekly settle
ments Instead of the present dally settlements, but Stock Exchango authorities
tnado positive statements that such a chnngo would not bo oven considered. They
mado tho point that this Is tho only market In which business Is conducted on
cash basis and Insisted thnt thoy intend to keep It ho.
Thero was heavy trading In tho bond mnrket ngnln today, with tho largest
transactions In Chill Copper 7s, which rnnged from 143 to 117. Tho Itock Island
Es wero also traded In on nn cxtia large scalo, moving up from 72 to 7fl!)4-
American Tolephono 4s wcro easier, declining from 02',i' to 31. Anglo-Frondi fJs
sold at 94 to OS.
Atlantic, Gulf and West Indies Declares Initial Dividend on Common
x NEW YORK, Noy. 24. Tho Atlantic. Gulf and West Indloshmi declared nn
Initial dividend of $5 on tho common stock, payable February 1 to stock of record
December 29, Tho dividend Is paynblo from earnings" for tho fiscal year ending
December 31. Itegular quarterly dividend of $1.25 a sharo on preferred was also
declared, payablo January 2.
i
Railway Stcol Spring Resumes Dividends on Common
&EW YORK, Nov. 21. Tho Railway Steel Spring Company has declared a
quarterly dividend of Hi per cont on tho common stock, payable December 30
to stock of record December 15. Also regular quarterly dividend of 1 per cont
on preferred stock, paynblo December 20 to stock of record December B. This Is
tho first disbursement on tho common shares slnco Jlnrch 22, 1913, when 2 per cent
was declared.
NEW YORK STOCK SALES
I.nnt
olmfo
Acma Toa G7
AJax Itubber 7U
Alaska Gold M 121-5
Alaska J Gqjd M 8H
Allls-Chalmen Mfis XI
AllU-Chal Mfg pt 00
Am Ac Chemical 89
Am Beet Sucar 103JC 100
Am Can 02)f 01
Am Caa pf 113
Am Car & Fdy 7:i
Am Cat & Kdy pf,
Am Cotton oil 6Uj
Am Hide & Leather I0i
Am Illdo&Lpf 755i
Am Ico Securities 23
Am Linseed ?M
Am Unsco-l pf .. G3
Am Locomotive 8'JJJ
Am Locomotive pf 10SU
Am Malt Corp'n 0
Am Malt Corp'n pf 48Vj
Am Smelt & ltd
Am Smelt & II pt....
I.OW.
075 i
71
12U
BH
33M
00
89
104
02'f
IKS.1; U3H ll.'l.'i
74M 2 74
High.
59
714
12H
8H
37
01H
WHS
3.00
p.m.
f.9
71
fiH
sow
01
03VS
100
0J1$
.110U 117JS 1171J H7Ji
01H
17
771i
-7J5
221S
005f
108
0J4
48
. 1 172 11DK 117
117 120 117
Jjl
1UK
70
27K
nn
&
sou
10s
0H
4S
5U5
Ifij,
705
27JS
2215
!Ml
00i
103
OH
4S
110
11071
07
CO
nan
127JJ 128li
2 S2'l
noti
8J5
100
0'JJJ
0)I
05
SSJJ
80
9SI5
00 J i
08
0851
80
100
093J
81
08
18
-'3f
1C8
84
OS
IS
noii
Am Smelt DfU 03 07 00
Am Steel Foundries 07 Ji 00 C74
Am Buear Heflnln ...11 1105f 11054
Am Tel & Tel 127I 123!i
Am Woolen 53 S2U
Am Woolen pf IWi 98H
iir.1.1 ti r Dr. f!n
AJa llliliuj: l y........ ij u
' Am Zinc I. & 8m MH
AmZL&Spf 82
Anaconda Cop M 081i
-Associated OH 00K
AtnTop&8F 101)5 10 1 10l)f 1W!X
Atch Top & H F pf 100M 10015 100H 100VJ
Atl OnU & W 1 12-1 120)f 120W 122H
AtlO&WIpf 72 72M 72H 72H
Bald Loco Wks .'...82J &U-5 S3!f 84i
Bald Loco Wlu pf VXIH 107H 107 107
Bait & Ohio 80H 805X 80Jf 80X
Bethlehem Steel 000 050 05U 000
BrooldyaltapTr,...:.. 83Ji &l
Butte & Superior 07)1 C9
Uutterlclc Co, 18 18
Cal Petroleum 21 24
Canadian l'adflc 171K 171
Central Ltather 112U 111'. 112U 113i
Chandler Motor ..112 noil 110 110
CheaAOUlo tWU Oil! J 011U 00
Chi Qreat West HH 14H UH Uii
Chi Qreat West pf 41 43! 43! 4VH
ChlMUSBtr 0214 U31 KM 03Ji
CM & Northwestern 12QM 127f 12711 127J1
CoIOis&Elcc 40H 47H 40) 40H
Chi I & 1'ac ;) ai
Chile Coppor 4... 32 'Mil
' Chlno Copper ,., 071 S G8V5
' Col Fuel & Iron B5J( S3
Cfe'i Com Pro Itefpf., 107 108
i - Caba Cana Su:ir....,,. 70Ji 71J1
i Cnba Cane Susar pf... . 09 00
Deere & Co pf ,7. 03 DO
DtlLaclcJE West 238 233
Denver & It la Or 18H 10
Distill Sec Corp'n 41H 45J1
Dome Min 22H 33ii
Kite , 30H 373 J
- General Chemical ...326 320
aenerl Electric 17U 1703X 170U 17UJX
Geaeral Motors pr 1231(121 120 120
Ooodrich U V 70H 70 70 703
Qranby ConsoL ....107;f III 103 100
O Nets lor ore prop.... Ui 45. 44 H 45
ureene-Cananea 6114
OaU States Btaet 155
Qulf States d 2d pf ISO
'Illinois Cent ,.,..105
Imp Con Cop. ,,, COJi
lut Con Cor T tc 10... 18
Int Agricultural.. ....... 23H
1st Agricultural pf..,.,, 0
Int Paper 02 J S
lot Piper pf. ..,.. ,,102
lut Nick v tefs 46
Ictif M cof dp....... 421$
32
323J
05JJ
55H
2731
33M
333J
073
08
2731
107H 1073S
80)1 S3
70H 70JX
08H ObH
UU UQ
233 233
18J( ISJi
42 4&X
2-'U 2331
3UJI 37
320 SM
523X
181
175
105
70M
18 ll
23H
63K
Olli
1 JatilM pf cof dp. ...new 118
62 62
1013J 10)1
175 173
104J1 103
0034 70 J
18H 18)1
21 23
613i 62H
023X 03
10IS5 103 10-Di,
Uili 45H 4U
4031 453X 40
Jewel Tea 85H
- KwClty Southern...... 2d
,;T XUy Burins Tire 76
- Xspntcott Copper G3
I&fedaQas 112
&kira!uu SUsel 10J
-la4iJrli W pf 401i
JU Bnbber Tt 3SU
Litlgn VaJejr 81M
MartayCos 85
' iljetay Cos pf 83
MJtweHMo 74JX
S Melon 1st pf. Slit
MM Motors 3d pi, 40
83
20)1
70)1
6SH
113
U0JX 117
mt 60
20 20)1
70 701
67 68
112 W
JOIK J033X 101
4U 4W 4U
391J 3911 3W,
83 8131 83
85 &5 85
G5i e6H 06H
70 73)f 74
8131 8l 81JX
4011 40 40
m mn urn
ilex lvtroliutn ..,,W?ii 100)i luSli 100)5
iIJamCpp :mI 46i Uii 40M
list
27M
IB!
AaaTei..... 7H J
telmBwr.V,.,, 844 W .
KtoA s c,.... mi ;
Zl 1
Vi ilH
ilii .iiji
m m
1mi .1:00
cIoho. IIlRh. Iiw. p.m.
Nev Con Cop i'83i 3031 28J 30)1
New York Air nrako....l7.ri ISO 175H 178
Nov York Central 100'f 107)5 107 107)1
New York Dock 10 2tVf 2i 21)1
NVw York Dock pf t') CO 60 60
N Y 0 & Weit 20W 303 C20J1 30)i
Norfolk fc Wntern 138)1 110 139JJ 140
Norfolk & West pf 8J1 8531 83X 85'!
Northern Pacific Ill 11HX 111 111J1
Ontario Sliver Mln 0!J 0J1 (i fi',
Pacific Mall 2.".!1 26H 2."i) 2.r)51
I'enn Itallroiil 6031 50U ,r.03i 6031
Philadelphia 'Co 43(5 4.131 41 45
Pills Coal c of dp 121X 40M 42J1 40)5
Pitts Coal pf c of dp.... 103 109 10') 109
Pressed Stoet Car hH Ml Klb 85)1
Pullman Co lOOVf 100)1 lfiGM 103)1
Ity .Steel Spjs 6031 60'1 68 69
Ity Steel Sprlnus pf 102 102 102 102
llsy Con Copper 3131 33'1 31J1 33)1
Ilcadln: 100)1 10S31 107 10731
Ilepubllc Iron & 8 80!X 8931 87lf M)J
Seaboard Air Line HI 10)5 lOHi 10 a
bhat Arts Cop 323i 3331 323X 333i
hloss-Shef S & 1 83H &G3X 81 8031
Sou thJra Pacific 09)1 100'i 09J1 100
bouthern ity 2031 2731 27H 2731
Southern Ity rf ,071 07)4 07 07
St Louis Southwoat 20)5 20)5 20)5 20H
Studi-uaker Co 125 12551 12J)5 124V5
Studebjker Co pf 100M 111) 110 110
1 turn Copper 24)1 2531 21W 25M
Texas Co 230 235 230 235
Texas Pacific 17)1 17H 17H 17)5
Ihlrd Avenue 49)1-49)5 49)j 49H
TinCltyIlT 05 05 05 05
Union Das & l'apor 14H H'l 113X 1431
Union Ilaj & P now.... 119 120)1 118H UStf
United Clsar Stores 09 0SM 03)4 03)5
United Fruit 101 101" 101 101
Union Pacific 147)1 148'i 117H 118
Union Pacific pf 82)5 83 83 83
UbOIl'sF 25"! 25)1 253X 2531
U fl lnd Alcohol ...132)1 135)5 132)5 135H
united leys Inv 12)1 14 12 W 14
Unlteil Itys Inv pf 20 20!f 253X 20!X
U S Itubber 0-1)1 00H 05 00
U8oraIt&M 7731 7811 77 77
U a Steel Corp'ii 121)1 120J1 12 1H 120J1
U S Steel Corp'n pf 121)1 12131 121)1 121M
Utah Copper 120 122)i 120)1 122)1
uian Bccurllles 2I!i
Va-Caro Chemical 40
Va-Caro Chemical of. ...112
Va Iron Coal fi O U2
Wabash 14)1
Wabash pf A 5031
Wabash pf H 2031
West Uuton Tel 101H
West K & M 03
Western Maryland 2511
Whlto Motor 6-1
WUlys Overland 39
Willi's Overland pf , 03)1
Uvfottd ex dividend.
22 213 2131
43 40)1 47i
111)1 111)1 111)1
07 02W 07
1531 15 15)1
57Jt 50J1 67Ji
31H 2931 31
1033X 103)1 103)1
G331 03)1 03)1
20)1 20 20)1
6i)5 61 64)1
39)5 38JX 3931
09 09 09
LOCAL MINING STOCKS
TONOPAH STOCKS
Did.
Jim Duller , .Uft
MucNamara OT
Midway UO
MUpah- Kateoalon , ID
Montana ...,, ,...,. .tlJ
North star ..................... .15
Tonopah llelmonC ..t..,., 4
Tonopati Kxtonlon ,......,,..,,. B
Tonopuh Mlnlnir ..........V O
rttsous Kula Si
Weal. End ,..... 71
QOLDFIELD STOCKS
Atlanta .
lllue Dull
on i u " " ' ' "
Combination 'Friction '.',.'!!!!)!"!
niumondfleld U II,.,,..,,....,,,,
JJat'y .,.,....,..,.,.,....,.,
Plorcnca ..
OoUHeli Consolidated
uomntio fiercer
Jumbo Kxtcnaloa
Kewunaa .
Oro
Hand Kn..
SUyr I'lck
Aiked.
.Ill)
.09
.'J3
.M
:n
ill
o
0
,0T
.03
,08
.0
.03
,U3
; .01
' ",
'. .'to
, .03
, .01
, .31
IHSOELLANEQUS'
Kavada Hill ,.,.. .22
Nevada Wonder .3.20
Tceopa Jllnlwr 10
,.,,..,,
... ... . .......
.........i ,,.,..,
ss
.3U
.70
,08
.03
.10
.01
.00
,ou
.on
.27
,53
;SS
:oS
.21
3.30
.30
NEW YORK BUTTER AND EGGS
NEW TOltK. Nov. 24 OlUTTBR Hlpti,
7003 lulu: market steady. Illal) irrades con
linued light, ascaadary aradts slow and wsaker.
No ctarura tn auotatlotu.
SflS Rlpt, 4781 cihi; flaa freih, scare
at flonr- wixod And lower qualities quit. E
tro. 40850s-. extra Orsts. GfieoSc. Ors)s, 3
01Se Mads, 3Qi:c; no eban on ether
grads.
. No Change In Granulated Susjiyr
NHW VOUK. Nov 24. Pijw srarmtatgd
mgT w uwited at 7.75o and 7 SOe. The
INK m a)M uuua luyvs was ai ouue.
' 1 1 1 ' i. i i i 'ij
New York bond Sales I Sates in Philadelphia
' ' I JWrWiPH" HIP il I II mi i inj ina i ii .-aisisss.
Jtth. I-nji
iw Aiimny A bus a1... nin j'7
,1000 Ainu uaM cv s ser A. 80)4 80'
,tn(N)(i Arnor Aitr deb Bs .. .10114 inlj;
aimio ,m Forelcn fire ns... BS
KOOOO Amer Hmelt v 0...1IJ,,
23O0O Amer Tel HI 1s.,....403)i
17nno do evt IV4. ...... .107
3000 Amer Thrend 4 ""i
ssitoo Amer Wrll IMP fi. . HI,,
70DO Amour Co IHs n
200(i Alehlnon n Is- . . 0J,.
anno do -v la inns.. mia
.liiil tot.
100 lnni
ti vi
"'it
Mil
OtlH
7i
OHM
804
07'i 7't
01 101
H7J4
R7'l
3S
nrmri ri v jb inito .
IjMino do cv tin 1017 .
i ,!" Airn i rnni n i, ..... ''
iiii yvimn ro Line iv... i"7
lr.n'io rto 1st fis 01
2000 clo rlt U J7H
bimio Halt A Ohio a'4i. .. OIK
l.toilO do lis 10tW
20000 tin in.., 02
r.000 do cv 4 ti on
lnuoii iifto i l.Uwv 4s.. 74
loot) llMh Stl 1st R11 H'2H
Bono do rfd n 102
anno Can Oovl r, 1021 . . .100
7000 do n 1020 ni
22000 do ns lnai loo
1000 f! c V ucn 4 "OJl
2000 Conl Par 1st -is .. 110
27M10O Chill (incr 7 .... .117..
12000 Chrs A Ohio CV IV4 . V
aonn do 414 n 02J,
2r,!ino do ronv Bs 0-.J4
20no do Un lon'4
1000 Chi A Alton H'4" ... B
11000 Chi fit West 4 7454
2000 Chl A Nwn kmi 4s 01
loooo do Ron atii Is 01
7000 rhl II A joint 4s.. I"',,
liooo Chl II A Q urn Is.,.. OI'S
.1000 Chl II ft u III Is .. ..V7
1 0 Chl HI I A Mlnn Os tin.
r.000 chl Un HI 414s . .I"H
40(100 Chl M t H I 4s 102:.. O.V,l
1000 do rfd I'in oil
2000 do ronv fls 100
ajMOO flo nv lV4n moii
2HO0O Chl II I V Is . . . . fR
27000 Ark lV4n 7n
13HOOO rfd In 7y.
.It.Viiio do fin 7fl"
17HO00 do r,s ct ons sin . . 1?..
4SOOO do two sin ...
looo Chlo Itwy r.s.,
7OO0 Clnv St I.lnn 4'4 ..
'.,ooo rr,i at nouio -I'-is ... nt
niir.no City of I'nrls 1. HHJ4
looo romp Tnh Itcc Co (is. h7'4
ltir.ooo Cons (Ins of II1II0 lia.KIHti
2.1000 Con (Ins ronv Os ..121
loooo CumhTlnnd Ttl r.s...t()l,
I looo IV11 A Itlo dr I Ni;i
llooo Detroit United 4V4s.. Hi
1000 i;rle gen 4s 4W ijvi
0000 do prior Is .. ... RV, H.l HI
r.000 flrciit Nor 1st r, loiiVl I00H lon
loiin Hud ft Mnn In rs .. 211JJ 20U 20ji
lii'iooo uo rfd r,i 71(4 71., 71J4
looo III nt,ol ilsli ls . ... 0:1,4 H04 O.lJ
rooo lndl.inii Hliol r,s 101V4 103 l.T4
7000 Inwn Control rcf Is., no no nil
r.ooo III c Ht I. A N () Us.. Id-'", I02W loJJ.
2000 III Out ixt 0'4b 8TA 14 gjlj
27000 III (Vnt 4n tO.ll HH., H7 BJt
1.1111)11 Intcrh Met (Ii liO'l I10K I'oS
20000 intn It T rcf r.s .. 00 on"; osS
loooo Inter Mcr Mnr 414 .. 73 4 7.T.4 7.1J4
4000 Inter Aitr r.s 70(4 7H4 7iiJ4
41000 Jni nen tr 4s HIJ4 Ht Mil
1.1000 do new 4's HS(4 HH 1.8
14000 K C I't H A M Is 70 7H 70
mum do On Ill 111 . HI,,
1(100 Knn City Tel 1st Is.. RHVl HH'i HH)i
10000 l.ex A i: &! I()2j4 102 lOJH
17701100 l,ncl(.l Mtecl fit 11)30. lllOri 105J4 lnl
0(100 I.xrlnt.! (ins 1st BS...10I'. 10lJ lot.
2000 l.k Hh deh Is 1UJH . . On), llOJi OOJi
lHOlin ilo dl Is 11131.,... Il.ljfl II.V .h
10000 I,eh Vol nf N V IV4" K1 lul 101
21000 I.Ik A M T Bs 102h 10J). IDJ'i
1000 I.IK A M T 7s 127l 127U 127 )
Bono Lone Island rfd Is.. Hll'i N'i Nli!
10000 Lorlllnnl Bs lol 101 Ji 10tJ
1000 Louis A Nnsh -Is 0.1 I'lli 05
looo Manhniun 4s H2 02., 1)2
10110 .Minhattnn Htn 0J 0214 02',i
20(100 Minn A M I. Is I1J 02 l!J
BO00 Mn If (i Oltln Bs HO. 80 HO
310011 Mo I'nc w 1 4s 18(4 HH C'H
1000 do ev w sin Bi . Bl B.l B.
niiiiil do c rl 2d sin Bs "17.101 , lot, 101,
-non iln roiia Ha 10114 10.IJ4 loiH
l.liion Mnnt l'onnr fia 100 no'J Oil1),
l.iooo Nn i r.n.im & Htn ns ..101
1VIH1I1 'nl 'Put.,, r.M 10
2000 N Y C A Hud (.8 113'j
410110 do 414h
liooo do con 4s HH'i
2O00 do n o 4s 83
mini N V City Is 11)10 reK.loi
11100 N Y City 4s ltlBO 102
IDoo do I m,k ioi 10.14
7000 ilo I'4h 11013 Ill)
looo N y city i'i Nov 'DT.liii,
:uhio N l i) Jl A i -tn. . .
loooo do Bh
2O0O N Y I.aelt A W On
r.ooo N' V N II A II lis .
soon N Y Itwy ref Is 71
BOIIO N Y Itwy mil Bh. ... BnU
lllilll N" Y Htatn Itwy l'4s..llB
lonnil V Y Tel iren -lUs. ... on
lilooo North I'ac prior Is... 04
liooo Oro H I.lti Bs 1011
1(100 Ore A W It A N 4s... JlBJi
1001) I'iicIOo Tol Bs llll4
rilOO IVnnn 4s 10 IH Mil ... Oil
1000 do Ken ct 44" 102
4000 do 4s 10 18 0034
13000 do rn IVjH 10(134
UIIIIOO rem Miirooetto Ktd 4s 31
2000 I'uh Hcrv N J .".H- .... 021
HOOD Iteiidlnir (tun 4s 0B(4
37000 HI I, I M A H Olf 4s. 82 ,
B2OO0 Ht I. A H V njs 4s.... H2
,13100 do In Is B7
loooo in eon rt ho.
21000 do Her A 71(4
noilll dn Hiir II 80.
Bono Bt Louis Swn con 4s ftOvl
looo Henhnard A L rfd Is.. 70
2B00 Mouth Hell Bs 10.'.,
liooo Bnuth 1'ao cv 4s HHjl
(HIOOiI do cv rrt f p Os....l(ilH
3MI00 do rfd 4a 02.
7000 South Itwy Ben 4s ... 7Bi
27000 do con Bs 10.'V4
13000 Texas Co rv 1 ln
2000 Tol Ht I, A W 4s.... 111
looo TrI-City Bs lnoti
B0O00 IJ H Iluhher II' 102
1(1000(1 U H Htul f Bs ...107(4
(12 KlIJi lOIJi
13 Il.T1! 113
111 OBtm 11.1
H(l(t HllU B'Ki
83 83 8.1
01 101 101
02 102 102
0.14 10334 10 14
10 110 111)
ij.lio lln lln
. . 80 811 811
..101(4 to.'.'! 1or,
. 107(4 107 107
..112i 1121 112J4
I 7 lit (lit
14 BO BO
ll.-.4 11BS
i tm JI un
02U
7B
102
10.-.11
01
100
102
107.
L'aoooo tin Kb uf O II A LBs on 1-10 lit)
ooou union iwik i- .is.... .,
51000 Union I'no 1st 4a ... Dl)
.loooo Un llwys H p 4s . ... .17
21000 Va Car Chcm lot Bs..l00
4000 do lis I2S
looo Vn Itwy Bs dii
3000 Wnbaah 1st Bs 10.1
1000 do 2il Bs 100
KIOO Went i:icc 9s 103
2000 U'ost Shore 4s tu
lliiili) West Union 4s 02
3000 do 4 a 07
10.1
100
102
02
02
07
DIVIDENDS DECLARED
Rtuts Motor Car, Incorporated, reanar quar
terly of it. 23 a shnrs. payablo January 2 to
holders of record December IB.
Indianapolis Stroet Hallway Company regular
somlanjiual of 3 per csnt. payable January 1.
liuolts closu December 22, reopen Junuary 2.
More Gold for South America
NHW VOUK, Nov. 24. Qoldcoln to tho
amount of fCBO.000 hrts been withdrawn
from tho Sdlitreasury for fililpment to Ar
Bontlnn. Tho Nntlonal Bank of Comm,erce
has arranged to ship $100,000 In double,
eagles to Uruguay.
A November
Investment List
Sixteen high-grade bonds
Yielding 5.00 to 6.75
Eleven short-term securities
Yielding 4.70 to 6.37
Ten preferred stocks
Yielding G.95 to 7.70
make up our November
l List of timely invest
ment suggestions.
Ask for a copy of this
List No. 2542,
William P. Bonbright & Co., Inc.
MORRIS WISTAR STROUD, Jr.
Uaoaici
437 Chestnut St., Philadelphia
Dstnll
Paris
lionbrlaht 4 Cs.
Uotoa
Sw Turk
William r, Ilonbrttht Co.
DiviDiwns
TUB WEST j!gaj& AND
Fblladslphla. November 3. 1910.
Toa Hoard ot pttors has thU day declared
a semi-annual dividend of Six (01 per cent.
clear of tax, payabla Ocoembar 1, 1018, to stock,
holders as reulstered on the booka of tha cuia.
cany at cloie oi bualneaa November 10, U10,
The transfer books will be closed from No
vember loth to November -21st. 18 1U.
' lUZdH L WBVpRlriQ. Treasurer.
THE AMEB1CAN GAS COSfPANV
101 Market st., Caoideo. N. J. v
November SI, 119.
A quJtrtarr dividend ot XVt (or i ptr share)
baa. been declared en the capital etoclt of M
company, para,tl Ueumber 1, 1818, to th
stuckbofdera ct record at 3 p. m. November 22.
1910. Checki will ba mallad.
"" 4- U. TOWN8ENO. Sd. Tr.asurar.
mUKCTORY OV ACCUPMTAMT8
Certldtd fublla AtcannUBta
10
09
flDVft
V4
80
57
0014
40
S3
is
in
ti
nv,
20
(10
00M
41i
42
2004,
20
2
70W
Hlch.
780 Allla Insur 20
1100 Allls Chal SAtt
10 Anne Cop. 00H
37 n ft S t o. otYt
800 Corn Prod. 2V4
0 Crucllilo St B7W
10 Chlno Cop 0i
R CatnwIiuMi
1st pref, A3
BUS Klcc 8tor. 70
240 a Asphalt. 32
US It ft TJ T. 18
200 Kenne Cop SR
lROSS Lk Sup C. 20",;
128 I.ch Nav..
210 Lch V Tr.
1340 Nov Cons
428 I'enn It It
lto Ta Salt M
138 Phllft Co..
100 do cum pt 42
331 Milla 111 aoy,
33 do cash. $0
102S PUT tr cts 28
22 I'hlla Trno 70
10 I'ltts Coal
to 47V4
110 H.iy Conn 33
loo Jlonrtlnff. .103V4
1138 Ton Ilel . 8
loo Ton Mln . . (I
20 Union Trao 47
110 Un O Imp. 0114
3803 11 H Ktccl..l20
70 War I ft 8 0
40 W .Tcr & a 80
1050 W Cramp
anil Sons 04 14'
nx dividend.
iinNDS
IllKh. Iw.
fooo a aftnt us 0014 o
1000 Choc rii Bh. 101 101
1800 i:iee ft Pco
Tr (b ., 83 8214
1000 I.oh Vnl 4b 01 m OIK.
r.ooo ilo o 4140.10014 100
8000 do cons
4 'Ah .,.10014
1000 Pa Co cons
IVin ...10014
8000 Pa ft Mil
.Sit fiH...107Vi
4000 Phlla Co
conn Sn. 02
1000 I'hlla nice 00
8000 Ilcad-Jcr
Cent Is. 08
2000 Un llwys t
c 4s ..'.. 72
Close,
20
814
90
SVi
28
8714
8814
83
70
32
18
88
20
20
22
30
8014
00V,
48
42
20
2014
28
7014
Net
chite.
.....
SH
1
i
i
W
14
1
8
1
2H
'114
y
i
W
14
IMM
H
4714
33 V4
108V,
414
0
47
01
11214
0
SO
01
4714
83V
108U
4 18-10 1
0
47
01
120
0
SO
4
1
10
V,
2
financial Briefs
Tha Northern States Power Company re
ports gross eftrnlngo for tho year ended
October 31, o( 16,907,704, an Increase ot
3023,108 over the previous year. Net In
creased $512,141 to $3,275,387.
Gross earnings ot tho Commonwealth
Power, Hallway and Light Company during
October were $1,468,379, an increase ot
13.84 per cent over tho corresponding
mdnth of the previous year. Not earnings
trained" 8.66 per cent to $731,380 and the
net profits Increased 4.29 per cent to $231,
867.
The American Telephone and Telegraph
Company subscription rights liava been
admitted to dealings In the New York
Stock Ilxchange.
Tho New Tork Subtreasury lost $S63,
000 to the banks on Thursday, making
a cash net loss slnco t'rlday of $7,664,000.
TiATCB SUFJiiKlUJtl BTUUJ JLO JSiUTiViff ;.-
Aivm AnVAMP.Tilfi TlsJ T.nnAT. iir a -nJJi4
-"- riw- w w.xj AUUajffByj
Price Movements Are Mostly All to Higher LevelB Phiigl
rioinln'n F.lnntric Sells Ex-Dividend, hnf. Pi. 1
Does Not Fall Pull Amount of Distribution
04
Close.
0014
lot
3
chite,
V4
14
8214
0114
100
10014 10014
100" lOOVi
107 10714
02
00
02
00
2
08 08
72
72
Cotton Buyers nnd Sellers
NHW VOIUC, Nov. 24. December
Hentz, Cohen and Hartcorn bought; Kelfter,
Cone, Mundn nnd llosenbcrg sold.
January Wilson, Clearman, McFaddon,
Mitchell, Nordcn, Cone, IVcnmnn and Abra
ham bought; Downs, Shutt, Waters and
Schlll sold.
March Ilelzcnntotn, Urooks, Wilson,
Recran, Newman and Wlggln bought;
Ilngedorn, W. Gumoon'j, Cone nnd Mitchell
sold.
May O, Oumoens, Shutt, Dcardsley,
Itnrtlott, Durnett and McFaddcn bought;
Wlggln, CasH.ird, C, Illihts and Guild sold.
July Morrison, Cnrpcntcr, O. Qumocns
and Kelffer bought; Fllnn, Ilyman nnd
Wilson sold.
August ltoscnborg bought; Fllnn sold.
October Itoyce. McFaddcn and It. Ilub
bnrd bought ; Kelfter sold.
City of
ontreal
B Gold Bonds
Due November 1, 19S6
Montreal is the largest and
wealthiest city in Canada
and the principal commer
cial and financial center of
the Dominion.
Price 99 and Interest
Yielding about 5.05
Descriptive circular PE-73
on request
The National City
Company
1421 Chestnut St., Philadelphia
New Tork rittbarh Boston
Chinese Loan Oversubscribed
NCW YOItlf, Nov. -24. Applications tor
new Itepubllc ot China $6,000,000 0 per
cent three-year treasury notes have been
mado to nn amount threo tlmos In excess
of tho totnIOffcrcd, according to nn official
statement mado by Contlnentnt and Com
mercial Trust nnd Savings Hnnk ot Chi
cago, nnd Chandler & Co., Inc., Now York
and Philadelphia, ns syndicate managers.
Tho public talo of tlio securities has been
closed.
Extrn for Ornssclll Chemical
CIiHVK!,AND, Ohio, Nov. 24. Tho Clrag
sclll Chemical Company ban declared an
extra rash dividend of 6 per cent nnd a
slock dividend of 10 per cent on tho com
mon stock pnynblo to holders of record De
cember 15. The rcgulnr quarterly divi
dends of 1 14 Per cent on tho comnian and
profcrrcd btocks wcro nlso declared.
It has been tho dally custom In tio trac
ing on the Philadelphia Stock Exchange
to lake somo Issue' In hand and make It
tho feature of tho market This custom
was not deviated from today. With tho
opening demand appeared for Lake Su
perior Corporation and during tho first hour
It had ndvanccd a full 2 points to 29 W,
as compared with the final of yesterday, tho
Issue blng tho most nctlve throughout
the list Part of the gain was lost.
Tho whole market was very much better
today. This Improvement, however, was
mostly as far ns prices wero concerned.
Business wnTi not on n, very largo scalo In
the whole list There was an early advanco
of 3 points In tho price of Huntingdon nnd
Ilrond Top common to 16, nnd fractional
gains wero recorded In Electric Storage
Ilattory, Philadelphia Itapld Transit trust
certificates and In the nrbltrago group. The
arbitrage Issues generally mado the largest
Tho nctlon of Philadelphia Electric
throughout tho day was very pleasing to
tho Strcot Tho stock Bold ex dividend to
day. The nearcit fraction representing tlio
loss of tho dividend Is H, nnd with this
nmount off yesterday's closo tho price to
day wpuld havo been 2914, but tho lowest
the stock got was 294, and for tho greater
part of tho day It was 29 . Adding
the dividend to this amount trouM -.J
mo siock senrnt 30, Thu X. J
four per cent bonds were also ..?-Wn'l
ing up 2 points. "u" i
The Street regarded this firm.... 1
"P X" as being duo to th, faTffi? !
omcr step has now been taken In it hI
financing plans of the comnanv f!ii
application having been madj ,u, .h.WI
Ilo Service Commission at Hai?lhJ
the Philadelphia Electric Company rrfSL1,
sylvan a to take over all of th, eler8;!
properties controlled by th0 rnffi'J
Electric Company of New Jersey elt,hlM
Tax Free in Pennsylvania.
Federal Income Tax Exempt
Borough of Tyrone
s Pa. School District
4 8
Maturing January 1, 1940
A. B. Leach & Co.
115 South Fourth Street
NeV Tork Chlrng-o HuTsIa.
Hoaton Ixndon, Ens. naHlmJrJ
l French Municipal Loans
$20,000,000 $20,000,000 $20,000,000
City of Bordeaux City of Lyons City of Marseilles
Six Per Cent. Three-Year Gold Bonds
t
Due November 1, 1919
INTEREST PAYABLE MAY 1 AND NOVEMBER 1
Principal and interest payable without deduction for any French governmental or municipal taxes or other
French taxes.
Principal and interest payable in New York In United States gold coin, or, at the option of the holder (to
be exercised as to principal thirty days before the date of maturity) in France in Francs at the fixed rate of
Francs 5.60 per Dollar.
Coupon bearer bonds in denominations of $1,000, $500 and $100 each.
The Government of the French Republic is to undertake to furnish and permit the exportation of gold, so
far a9 necessary, to permit the Cities to pay the interest or principal amount of the loans in gold in the City of
New York.
Wc arc informed that these loans are the only external loans of the above mentioned Cities and are to be
made to provide for expenditures for the alleviation of suffering caused by the war and for other municipal
purposes.
We arc advised that
BORDEAUX, one of the three leading French seaports, has, according to the last enumeration, a population
of 261,678 and a funded debt of Fes. 43,500,000 (approximately $9,000,0001.
LYONS, next to Paris tile leading trade center of France, has. according to the last enumeration, a popu.
' lation of 523,796 and a funded debt of Fes. 97,000,000 (approximately $18,000,000). j
MARSEILLES, the foremost seaport of France, has, according to the last enumeration, a population of 550,619
and a funded debt of Fes. 122,800,000 (approximately $23,000,000).
THE UNDERSIGNED WILL RECEIVE SUBSCRIPTIONS FOR THE ABOVE BONDS
AT 98 PER CENT. AND ACCRUED INTEREST, AT WHICH PRICE THE
BONDS YIELD ABOUT 6.75 PER CENT. ON THE INVESTMENT
Particular attention is called to the small per capita debt of these Cities, to the attractive yield
of the bonds and to the possibility of a very substantial profit in .exchange, in view of the option to
collect the principal and interest of the bonds at the rate of Francs 5.60 per Dollar. Thus if at the
maturity of the bonds the rate of exchange should be Fes. 5.18 (the normal rate before the war)
the principal sum payable in France would equal a redemption price in dollars of about 108,
Subscriptions will be apportioned among the three issues of bonds and allotments will bekmade on the
basis of equal amounts of each issue, in so far as feasible.
The subscription will be closed at three o'clock p. m. on Tuesday, November 28. 1916, or earlier, the right
being r.eserved to reject any applications and to award a smaller amount than applied for. The undersigned
reserve the right to close the subscription at any time without notice.
A first payment of $50 per $1,000 bond subscribed for must accompany all subscriptions. The balance of
the amount due on bonds allotted upon subscriptions will be payable in New York funds, on December 6, 1916,
at the office of the undersigned, against delivery of temporary bonds exchangeable for engraved bonds when
prepared.
If no allotment be made, the first payment will be repaid in full, and if only a portion of the amount
applied for be allotted, the balance of the first payment will be applied towards the amount due on December 6,
1916. No interest will be allowed on such first payment. If any further balance remains, such balance will be
repaid. Failure to pay the second installment, when due, will render the previous payment liable to forfeiture.
All allotments will be made subject to the necessary official action to complete the transaction and to the
opinion of Counsel as to legality.
KUHN, LOEB & CO.
New York, Novemberf23, 1916.
'w
$5,500,000
CITY OF SAO
'AULO
(STATE OF SAO PAULO, BRAZIL)
".
6 Serial External Gold Bonds
Interest and principal payable In.
UnltetTStates Gold Coin
At
The Equitable Trust Company of New York
Dated December I, 1916. Due January 1 of each year from 1919-1928, inclu
ive, in equal instalments of $550,000 each. Denomination $1,000. Register
able as to principal only. Interest payable semiannually January 1 and July 1, ,
except that the first coupon payable July 1, 1917, shall represent interest for seven
months from the date of the bonds.
-:,
?
n-
Free from all Brazilian Federal, State and Municipal Taxes
' . Price on Application
Descriptive Data on Request
. f r
'4
'9?
",
e ,
V-
Delivery will be made ori or about December 1 in Equitable Trust Co. temporary certlfi cates. ' ;
WILLIAM MORRIS IWBRIE & GO. , THE EQUITABLE THUSWebr
New York
CASSATT & CO.
Philadelphia
S ' of New York
E1EILLY, BH06K a CO.
Philadelphia
'
tuetUM oi s p,wit3 item Tmirsuaya
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