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It
EVENING- MDGER-PHnADELPHIA, WEDNESDAY, NOVEMBER 29, 1916
fc FINANCIAL NEWS
jrfc-..i. ...... I. ; f I,, I,,
m
STOCK MARKET BREAKS AWAY PROM
INFLUENCES OP HIGH MONEY RATES
-an
"V
I,-
-
f f
"
Ruling by Reserve Board on Foreign Treasury Bills Also
i V Loses Effect Many of Leading Issues Make Gains
--. . Ranging From One to Two Points
;t
NEW YOniC, Nov. 29.
the stock market broke away nbruptly from the Influence of the hiEh money
, rates and from the show of uneasiness caused by tho Federal nosorvo Board ruling
r on foreign treasury bills Many of tho leading Issues made pains ranging from
1 to 2 points without requiring any bullish efforts, and Importance was attached to
. the way In'whleh United States Steel common ndvanccd from below 126 to 128.
Moat Interest Was attached to tho display of activity In the railroad Hat.
' Reading woa ngaln In demand, advancing moro than 1 point to above 110, and
the. manner In which that Block was taken was regarded as confirming current
reports that there Is again prospect of important changei In Us capitalisation.
Tho nock Island Issues followed tho lead of tho reorganization securities on
tho Curb. Hock Island shares, which were bought on a largo scalo by 10. S.
Hooley A Co., ndvanccd more than 4 points, crossing 37, and there was n display
Of strength In Union Pacific, which made a gain of moro than 1 point to 149.
' Ontario and "Western, In which there has been persistent accumulation, made ft
gain of 1T4 to 33. A number of the Industrial Issues also Bhowed pronounced
' (strength, Including Pittsburgh Coal, which advanced more than 4 points to 6314.
These advances were partly offset by weakness In other Issuei. Baldwin
Locomotive was In supply all through tho day, with selling nccompunled by asser
tions that n report soon to ho published will make a very unfavornblo showing.
nnd that slock dropped nearly f points to tho low to below 77.
Time money was scarce, with somo loans on all Industrial collateral at six
months' at &M per cent, but tho call money situation was easier, with n supply on
tho boardroom floor all day at 4,4 per cent. At ono tlmo a broker referred to
as an agent of ono of the largo banks made tho rate move up to & per cent, but
In the next few minutes It was down to 4U per cent.
Bonds were generally nctlvo and strong, with the exception of the foreign
Government Issues, which were again under pressure. Anglo-French Bs yielded
from 04 W to 94. Bock Island Bs wcro In good demand, with large transactions nt
794 to 76. Missouri Pacific now securities wcro active nnd strong, with the
4s advancing to 68.
FOREIGN LOAN BONDS
LEAD CURB TRADING
Price Movements in Other Active
'' Shares Are Generally to
Lower Levels
NEW YOKK. Nov. 29. Offerings of
foreign Government bonds wcro ngaln the
most Important feature of tho trading on
tho Broad Street Curb, with the hoax lent
selling of th cm Issues In the now French
municipal 6s, which declined from 97 l,i, to
7VS. compared with tho subscription prlco
of 08. United Kingdom thrcc-yenr notes
sold at 98 and the five-year notes nt 9SU-
There was fairly largo trading in tho
new Amorican Telephone 6s, In which
initial sales wero mndo yesterday nt 100.
Today these bonds opened nt 98 H and
later rallied to 98(4.
Price movements In tho active shares
wero generally to lower levels, Marlln Anns
dropped, from 41 to 39, American Writing
Paper from 7M to 6 nnd I.ako Torpedo
sold down from 12 to 11. aildvnlo
Steel, after advancing rrom 69V4 to 70,
reacted to 69.
INDUSTRIALS
Aetna Explosives
American Rrltlsti Manufacturing1.
American Marconi
American Wrltlnc Paper
vnnaaian t-ar comp my
1K
lll'l
ni-4
... 7
... 4.1
Canadian Car and Foundry pref.. 43
vnarco&i j ron h
Chevrolet Motors M
Curt!" Aeroplane , jo
Kmernon Phonograph ini
ICaakell and Barker Car 4BV4
JIende" Manufacturing .......... l4
Kathodlon Dronz preferred 8
,aurei Oil and Claa flU
laim Munitions '
Manhattan Trans 4
W$HOU Klovatnr 0.1
Poolo Bnilne ...'.'.'.'.'.'.'.'.'.'.'. '. '. '.'.'.'.nt
;S Knitn w 1 vy.
Standard Motors 7
Submarine jlft
Trlansie Film ....." at
United Alloy Steel n i(!
United Motors tin
Jn ted I'ront Sharing ........... w
JUnlted States. Light and Heat com. 2
do, preferred 3
World Him ".... ............ 1
Boelc Island common 3h14
do A preferred " nag
do li preferred 77
STANDARD OIL STOCKS
Sllnola o..n
Wo , ' . ".75
Pralrla Pip. ,L .... 33 1
Standard OH of California .3(13
Standard Oil of New Jersey 11711
Standard Oil of New York.. .. . ... "tti
OTHER OIL 8TOCK8
Coaden Oil 1314
Coaden fc Co .... ... i!J
Inter Petrol ' iY
llouaton Oil ; ; . , ; ....
Midwest K.rlnlnE 77
Bapulpa Iteflnlnc io!i
MINING. STOCKS
Atlanta
Malta Copper k Zinc
UutU N Y.
Cerro dePaaco
First National
rjorsnet Qoldfleld . . .
uoiancta fiercer
7
1M
::::::::
:::::::: So
. re
llocls. Mining nu
Howe Sound til
Jim Butler , 08
25
America . .
Jumhn ftinilnn
McKlnlar Darrash
Aitrmft iopi
Mines Co o(
KlDlestiur ..
Ban Toy
St Joseph Lead
Weet Knd Consolidated, .
' HOND3
Serro 6a .,..,, .,..,152
Jdvate Ss ., , , ua
ltulan 8He joo
a,, W' :: 1 0
S-y.ar 08
55
fo
UKtH)
do BUa
Aked.
10
2
mi
48
H'i
174
.11)
!'
411
211
10
'n
I
70
117
2.1
US
13'i
H
42
3 1?
S3J
111
1
M
,?"
311
II3U
78
223
Sso
3J5
3711
IISO
2TU
13
ll2
23
80
11W
8
100
27
112
BM
2H
11
10
72
4H
123
US
100
04
ltn
oau
New York Bond Sales
LOCAL MINING STOCkS
TONOPAII STOCKS
Jim TJutl.r
MacXamara
.MIC
nid
.08
.07
.20
.17
i
T.j.....
liznah Ext.n.ion
Montana
Northern Btar S,,., .13
Tonopah Eitenalon ..,, ,,.. 4H
TonopahMlntnc 3.1
e e. jtcu Euia ,,,,,..,,,; 211
Vhir H Weat- End .-..,,,...,...... .70
'i ' i, " GQI.DFIELD STOCKS
'""?' tlnta , .07
Hiue UUU ,, , OJ
Booth. ...i. ..,,.,, .,.,.,.. .08
C O D ,.,.....,,., ,03
combination Fraction .08
Slamondntld II O ,03
glr ,04
Floranca .23
Optoneid Consolidated ...,..,,.,. ,bi
Jumbo BiUnslon ...,,...".,,:;, 21
Kewanaa ; ,,...,.,. .oil
gra . ,.,,.,. .02
Sand K.n ,....,,,,... .04
llllr Plcb ,, ,31
Asked
1.00
!!u.
'.15
.211
8
.76
,08
.02
.10
,04
,0fl
.OR
.on
.27
.53
,011
27
i
,03
.83
MISCELLANEOUS
Arizona United ,..B0 ,B5
Nevada Hill , ,22 ,24
ft'evads Wonder , 3 sn 2.1!
Tesopa, Mlnlna .17 ,19
FOREIGN EXCIIAN6E
NISW YOIUC Nov. 29. Heports that
r!chstnare cables had fallen to 67 were
current late on Tuesday, but were not
verified by actual business, in the early
dealings today the quotation, which la
entirely nominal, wa 67 9-16, while
checlca were 67V4- These are new lows,
Vienna, kronen struck new Iowa also, and
a. decline of about 6 points to 11.71 for
OAblM and li 70 tor checks. Russian
schane declined further and Is now over
m cent under the fig-urea of the recent rally.
i(a.!iaji exchange also worked lower. Dual
ns all around was extremely moderate.
Quotations follow: Demand sterling
4.7SH. cables 4.76 7-15. sixty-day bills
nominally .7ii. checks 4B9H; frano ea,
. Mu l tz. checks S.UH lire cabled
C.73", checks 6.71; ijvvlsa cables S.6,
ijiw S.ll ; pesetas cables S0.65, checks
at'.sS; kroner cables 38.4:, checks SJ.tS;
Tfvmf cables 40 13-l. checks iQ ; ruble
rwtbiea 23.10 and 29 60.
yN eluding quotation for Russian ex.
ehAijM on Tuesday wer 89.80 Arid p.70.
HIkIi. 1ow :i ti in
JOMno Amtr Aur cv As .. Hiltt H).m lot
JU0U Amcr fot Oil .Is. ... 117 7 H7
370IHMI Analo-Kr r.a 11IU 01 11 Pi
1 7.!!!!!! Am t'orelHii Sec fis . iin4 lihW 11',
411(1110 Amer Smelt Hcc tin.... 1181 tin 118
Diiinii Amer Tel clt 4s . . . 111 mi' MIS
2(11111 ,io conv 4s IiiiiH inns liiiii
njniio docvt4l4s iniit 1011 lim'-i
4r.iiii(l Amrr Writ Pan r,... HS 8 88
101)0(1 Arcentlne Govt fis ... 0.1, 03. 113
.11I1111 Armour Co l's.. .. HIS II4W HP4
J'.".'0.0. Atchison pen 4s H4 IMtfc 04S
lAiiiiil Allan C Lino iVis .. 34 0.IS 1)31
10000 do clt 4 87J4 87W 87W
lllilllll Hull ft Ohio 3s ... .K111K lllll4, inns
anon do 4s 91'J 01 ni't
liu(Hl da rv P4 mil ling Ii3
euon Ilcth Slcel rfd .Is... .Iiu littfj 102
2ftii(i(i iircck ltnn Tr s mis ino; innii kki'4
1(10011 llrook Un Ulv 1st 3s 101 101 101
lonno can Oovt .is 1:121 . .mo 1111 una
20(1(1 do Bs 1112(1 IKHi Dflti 0:1(4
000(1 do 11131 1(10 l; Kill
linon C11I Una A llloc 3s.. . fln'A 00S 1)0(4
r.JIKHI Out l.cnlhcr 1st ." KW'l 1H2S KWS
lulMKI Ont Pur 1st 4s ... . 1101 IloH 00
4(,l)(ll) Chill Copper 7s r. .1111 144S 145
.:H!!! c,lrH l,nln cv 44 s. 8.-S nr,k hvi
180IH) do ronv Bs 114 "41 II4J4
3(100 Chi nt West Is . . nil 73'J 7414
JODO Chi Nn urn Is .. 11.1 11.1 115
170(1(1 Chi tin Htn 4V4s . ..lnoi 1110U looii
tnlooo Chi 11 & Q Joint 4s . IiS't 118 OSS
loon do sm 4s , . H3i O.lt ml
lHiion Chl M i St P rfd liin nntf ))34 nig
lliooii do dlv 4 1)2 irj njfi
r.Odii do conv Ss ln.ilj 1H.1H linvi
2000 do op Bs 103tJ I113I4 101(4
11)0(1 do cv Hin ..... IDillS loo i loll.
32000 Chl It r & P Ark 4(4 s 71 7'5 7.1H
7000 do 4 88 88 88
2)101)0 do rfd 4a 784 T7'4 7NS
205000 do Bs 7II Til's 7U
07000 do Bs ct one sta. . . 78t, 711 7Sl
2000 Chlnsc rets Ss 72tS 72!i 72ti
10000 Col .Midland ct 4s . . 111 in 111
10000 Col & South 1st 4s.. 03S, 03S II3H
100(1 do 4t4s 81W HA HA
73000 city of l'arls (is ... on ihiIJ nn
1000 Cons Coal uf Md Bs.. naH n3! am
BOO Con Ons conv (Is ... 124Vi 12IH 124S
4000 Cuban Am Suirnr 0s..Ki2'i 10JV4 lOJVi
KIOO Den A nio Ur rfd Bs.. 70 7() 7n
3000 do Bs ..1 71"i SIS 81H
noon Di-trnlt Edls Bs 1010, 101 ',4 101 (J K11V4
BOOOO I)s Sccur Corp Bs... 71 73W 71
22000 Krle cony 4s Ser II. 7111 7lll 7l'l
Boonn do 4s Her D 834 83(4 8r,U
35000 Hud & Man rfd Ba... 7iH 70V4 7i)li
2000 Indiana Steel Bs... 103H 103Ti 103H
loooii III Central rfd Is ... 1)2 1)2 02
17000 III C C Ht L &. N O Bs.lOJ 10J 102
4000 Intorb Mt IS s .... 73 73 73
1000O Interb It T ref B 01) 0874 US'
20500 Inter Mer Msr (Is . .. (l?i nntt nnS
13000 Internl Taper Bs ....100 0DV4 100
1000 Int & at Nor 1st Ss. . on 011 tin
14noo Japan new V 8 44 s . 81 80V 80
3000 do new 44s SN'i 88 88't
3000 do new 44s 88? 88S 8SS
Kinon Kan Clly Ter 1st 4s.. 884 884 8S4
112000 Lacka Hteel As 1050.. 105 1 in4 1044
701)0 Lie Hh deb 4s 1028. . . H Oll'i lll)'i
220011 do deb 4s 1031 034 0.1 VB'i
10000 Leh Val con 44s .... 100ft 1001 10o
110011 LIB i M T Bs 1024 1024 1024
0000 Lorlllard Ba 1014 1014 1014
snoo Minn & St L 4s (124 024 (t.'4
01000 Nor I'ac prior 4s 1)44 044 1)44
23000 do iten 3s (17 07 117
100O Ontario Tower Bs 034 034 934
loooii Ore 'Short I. ref 4s. . n.'i'i na l3!
12000 do 1st OS 108 108 108
1(1(100 Oro & W It b N 4s... 834 85 8BK
10000 Pac Oas Bs 03 113 1)3
111000 PacWa Tel Bs 101 101 101
20000 Penna Ben ct 44 a.... 1024 1024 1024
lonon do en 44 s 1011 'J onU 1AH4
10000 Pen & Cast In 4s.. . 30 30 3(1
B00O Public Berv N J Bs... I21 02 02
27000 Reading- en 4s 034 034 1)54
Boon Krp lr H Bs lniK 1014 1014
2000 lllo Or & W 1st 4s . . RO 80 80
BOOO Ht I, I M A 8 Ulf 4a.. Ml 81 81
1000 St 1,1 8 f njs 4s 82 82 82
55(100 do In 4s 55 334 B54
1O00O Seaboard A I. adj Ss . 07H 1174 (174
10000 Houth nell B lniH jotu 1014
10000 South Pac 4l 88 874 88
30000 do cv 4s 874 874 874
booo do cv ret f p 3s 1044 1044 1044
0.1001) do rfd 4s 024 024 024
BOOOO South Rwy Ben 4s .. 704 7051 7114
4000 do con Ss 1014 1014 1014
13000 Texas Cn cv Os 100 105 103
1000 Third A adj Ss 7B 75 75
0000 Tokto 8 70 79 70
1300(1 IT H S n Os 1114 1114 lllS
1000 Utah Power Bs 054 034 1)34
BOOO U 8 Itubber (Is 10.' 102 102
41000 U S Steel s f Ss 1074 10T 107
200000 Un K O II & IB 084 084 1)84
(1000 Un Use & Psp Sta 4s. 04 ot 04
8000 do Ba 04 04 fit
33000 Union Pan 1st 4s .... 1)0 004 004
4000 do cv 4s 1)34 034 034
innn do rfd 4s 014 014 1114
10000 Un nwys 8 F 4s 37 80 80
8000 do Inv Bs 77 77 77
10000 Va Car Chm 1st fls. . 00 () on
33U0O do Os 102 102 102
Bono Va nwys Bs 004 n'14 11114
20000 W-PT 1st col ct f. p 4s 35 33 33
4000 do ct f p 33 33T 33
1000 West Elec Bs ,.102'J 1024" 1024
1200(1 West Md 1st 4s .. " 73 754 7B
2000 West Shore ri- 4a . . 01 111 01
30000 West Union 44a .... 074 00 07U
2S00O Wl.con Cent eon 4s , . 88 88 88
Financial Brief a
8. TV. Sells has been appointed resident
manager of Jones & Baker, stockbrokers,
with offices In the Wldener Building-, suc
ceeding It. J. Wright, who has been ad--vanced
to resident manager of the New
York office at SO Broad street. Mr. Sells
comes from the Chicago office'.
New York banks gained from the Sub
treasury yesterday 13,374,006, and since
last Friday lost 5, 881,000.
The next annual convention of the Penn
sylvania Bankers' Association will be held
June 7 and 8 at Bedford Springs, this hav
ing been decided at a meeting of the Coun
cil of Administration.
A. D, Swift, who was recently appointed
an assistant cashier of the Central National
Bank, assumed his duties today.
New York Stock Sdtea
K4TES FOR MONEY
Mmm
Tim.
lg
w?ysM
Tonopah Belmont
a. .silver mine earnlnr
it. SO a shar. and pay
In only a 80. cent divi
dend. Send for special
analytical resort T.U.-1J1.
JONES & BAKER!
STOCK BROKERS
Widener Oldg., Philadelphia
Bell. Walnut 1600.1.
Keystone, Race 2JQ0.
Plrect Private Wtra Cosmcllao
New York Bosten
Chlcaio Flttsburch
3
DlKEOIOlfir Of ACCUUNTANT3
fferUStd l-ubllo AttauatkkU
HIS
KOI. aWTATS VUIIST WUILDINa
VH
'IB
& SPBAKirAW
m mmsm
70
mi
8
3S!f
IX)
r;)'i
17)i
70H
'iVi
li
mi
00
8 OO
p.m.
I8H
70 ,
vni
8
Mi
BO
70
8
mi
pan
103W lot
01)4 02
7J
10H
7IH
'27H
22H
62
h8!i
72!
17W
75!t
27! (
aaw
M'l
close. Itleh. Low.
Adr nnmrlT .,..10 18! 18H
AJAx Rubber 70H
AtMlca (l M .,,.. 13
AhukaJ (J M.. . 8
AlllJ-Chalmerj Mfj...,. PAH
AllU-Chll Mf pf....... 00
Am Beet Sner laiU 101
Am Can filH C2!
Am Car A FAy 72
Am llldo A leather.... ICiS
Am Hide A I. pf 75
Am Ico Sccurttlcj 27Jf
Am Unwed , 22H
Am Unseed pf ,,, S3
Am Locomotive., MM
AmbmeltARcf llOli 117U 115U llfiH
Am Steel Foundrlcj OT, OOtf BW C0!
Am Gnear Refining 117H U7U 117H 117!i
Am Tel A Tel 128H 128 I izs J
Am Tobacco 210 21B'i 210 210)f
Am Wooton 3!i 61W M, MM
AmWrillnePpf 05!i 00W Oft.'f Wl
An Z I, ft S 60H 57!. 50! 6711
Anacon 0 M 98 03 08 08M
A tch Top A S F 105 1U5J 1 105 105! i
AtehTftSFpf 100H 100)i IOOU 100H
AHOulfftWI 12J Vli. H0)i 122
Hald 1ico Wits bOSi 81!I
llald Lot-o Wks pf 1USJ ( 1U8
Halt A Ohio 85,'l W)U
Ilethlctieni Steel Ma 010
HrooUyn Rap Tr HI Ml'i
llurnl Iltos 85!f 85J
llutlu i. Hup O'J 70
Cal Petroleum 'J6H 20Ji
Cal Petroleum nf fillf 511
Canadian I'aclllc 108 1GSU 108!i 10U'
Central Leather 110)i Ill's HWi lltJj
ChcjAOhlo 07 07! 07'j l!7H
Chl Great Writ M' Wi UH HH
f'hl (Irvat CMt nf 41. l.'U 4L!f -ft
Chl.Notlhc3lcrn....l21 12154 12DS Vj.AH
Col (las ft Kite 173. is
Chl it 1 ft I'ac 3.1 a7t
t hllo Copper 32 32S
Chlno Copper C7W 08
Col Fuel ft Iron 55 of!)'
torn rroducis Ref '.(I '.7!
-cm im
10S 108
80 80
001 010
8J MH
Soii 85.)
liS! (0)(
20) i 20! j
55). 55)4
turn Prod Ref pf
. .10M 110
Crurlblo Steel 81U
Ciuclblo steel pf 12.1
Cuba Cano Susar tkll4
OSW
18Jj
H
12'f
r2li
7l'
;v
S5),
12:1
Oli'V
usu
1
I'M
It
Cuba Cano Sugar pf ,
uentcr mo ur ..
Den ft Rio (Iraiul pf
Dlslll Sec Corp'u . .
Dome Mines
i:iec Storage llat ....
lirlo
Crle 1st of 51H
Erie 2d pf -12)4
Oaslon W ft W 41)n
(Jcncral Motors pf I211X 120i 12JM 120!f
Goodrich tl F CO 00!f 085J 0!)i(
Granby Consul 100 105 10 i 10,
Great Northern pf. ..,.. 117W U7M 117 H7tf
0 N cfi lor ore prop... -ll)f Wi -lUi 14!i
Gulf Stales Steel 172H 175 100 173H
Gulf States S 1st pf.... 115 114 113 113
373 i
52
41)4
43X
47):
;n
3tjf
07
55
20
100
f2)j
12.1
05' 1'
US)f
17
44
4-1
21)
72
30! I
62
41H
43M
47!
30! i
IUH
07 !i
tMi
27
111)
N.'(
123
KM
08)1
17
4IH
41
2l!i
72
;,'.
52
41 H
43W
Illinois Central 105 105)f 10tJ l()i!
Hup Con Cop 00H 70W 00)f 70
IntllarvNJ 122 120X122 lliOJg
Int Con Cor v t c sh .. Y,li lb.'i 18)i lh),
Int Con Corp'n pf 74 74!i 74 71),
Int Taper 02 04H 02H C3
Int Paper pf 103 105 10.1)4 105
Int Nick v t cfs 47 47Jf 40'. 47X
Int JI M c of dp 44 45!5 44!f 45)(
Int M M pf cof (1P....115X llfiVa 115U 1101?
Kan City Southern 2S!f 20 25!i 25J
Kelly Sp Tiro 75 75f 75 75
Kcnnccolt Cop sh fi(ij 60! 55K MH
Lack Steel Co 102)5 101!i 102 102JJ
Leo Rubber Tire 37 38 37)1" 38
l.chlgh Valley 81)f 82)f 82 82
Llccett ft M jcrs 300 2n5)j 200)f 2f)5)
Llgcctt ft Micrs pf . . 123),- 123 123 121
Lorlllard P Co pf lllllj 121 121 l"i
Mackay Cos pf 05 05Jf 05J4 05H
Maivcll Motors 73I. 74!f 73! i ,,
Max Motors 1st pf 8W 81! 81'i 8l!i
Mcx Petroleum 108 109 107!f 108
Mhml Copper 15 46!f 44)f 45H
Minn ft St L new1. 31 31 30?i" 30)f
MoTacwl 28). 30H 2S'f 20'i
MNsourl Pacific 1I .13 11!, 13
MoPactrcfs V 13 ll'i 12M
Mo Kan ft Texas 0!- 7H 7 7)f
Montana Power 102 108 105 108
Nat Enarn ft S Co 32)$ 33)5 32)$ 32M
Nov Con Cop 20 30 20M 30
New York Air Drake.. ..177 180 177M 179
New York Central lOQtf 107 100) 107
Now York Dock 20U 21 21 21
NYNH&II 57)f 58 58 58
N Y 0 ft West 32 33JJ 32 33)j
Norfolk ft Western 140 139W 138)i 13S!i
North Amerlcon 70)i 70)i 70jf "OJi
Northern Pacific 110W 111 110)f 111
Pan-Am Pet ft T pL... 00 09'f 09 09,'f
Peno Railroad 6f,J( 57 56!,' 57
People's Gas Chl 100 10SH 108)S 108H
Phlla Co 40)J 46; 45H 45H
Pitts. Coal c of dp 49lf 54 49h 53U
Pitts C pf c of dp 110H 1143i 112 114!i
Pressed Steel Car S2Jf 83!f 81W 83H
Pullman Co 1G0H 160)f 106)f 1651
Ry Steel Spus 58 58Jf 67 5SJ.
Ray Con Cop 32)i 33M 32 33
Readlnc 109H 110U 100U 110,
Republic Iron ft S 80H SS)f 85)1 87
Sears, Roe ft Co pf 120M 127 127 127
Shat Aril Cop 32 33 32)f 32)f
Sloss-Shcf S ft I.. 84 84!f 83H 8tH
Southern Pacific 1004 OSJ, 08J-, 08!
Southern Ry 27 27)1 27H 27f
Southern Ry pf 07 67H 07 07)i
St Louis Southwest 20H 26)i 26H 20)$
Studebakcr Co 123 123 120 120!f
Studebaker Co pf 110 100M 109H 100H
Teias Co ,.231 209JX 205H 20S)$
Tcxss Pacific ,17 18 17 18
Third Avenue 40lf 48 48K 48)1
Tobacco Products....... 52M 63 62f 52!f
Tol St L ft West IJJ, 03 i Oii V'.i
Union Bair ft Paper 14)1 14Jf 14M 14),
Union Ban ft P new.... 115W 115 114 114
United Fruit 160)1 100)$ 159 150)1
Union Pacific 14731 149 148)$ 148 H
USOIP&F 25 25)1 25H 25
U SInd Alcohol 13 1H 13S)f 133)1 135
United Ryslnv 14 13J1 13J1 13J1
United Rys Inv pf 28)1 27Jf 27H 2731
US Rubber 03 h 00 04 00
U 8 Rubber 1st pf 113)1 11331 11331 11331
U 8 S It ft M 70J 77H 7031 77
U B Steel Corp'n 120)1 128 125)1 1273$
U S Steel corp'n PL...121H VSJ 121:1 12131
Utih Copper 12131122 121 121)$
Utah tsecunties .'J, zjh
Va-Caro Chem 47M 48)1
Va Iron Coal &C 043$ Ot
Wabash 14)1
Wabash pf A 503$
Wabash pf B 30
West Union Tel 101
West E ft M 02)$
Wheel ft Lake Erie 13$
Wheel ft LE2dpf 2M
White Motors 5331
Willys Overland. .. . 3731
Worthlngton Pump 32J1
Worth Pump pf II CO
quoted ex dividend.
15
57)1
3031
13$
2)1
54)1
39
34J!
02
a
48)1
C4Q
15
5731
30!
23
4731
Oil!
15
56)1
30)1
101H 10031 101
03)$ 02)$ 02)$
1)S
2)1
54)1
37)1
33
00
13$
2)1
64)1
37)1
34
02
EMPIRE GAS & FUEL CO.
lit Sinking Funds 6's, 1926
Prlco 100 & Int. to yield G
MELLOR & PETRV
Members N, Y, ft Fblla. Stock Exchaniti
SSS COUUEBCIAI. TKUST UU1LDINQ
DIVIDENDS
OFF1CK OF
THE O. 11. 1KIST fOMPANV
Phlladtlphla. Pa.. November 1:8, 1016.
Tha Directors of rreroort flas Company have
tbU.day declared a rejular dividend or one and
one-half per rent (11.60 per share) on the pre
(errd atotk of iny Company outstandlns. paya
blo December 1. ISIS, to holders of said stock
of record at th close of buslntss this data.
Checks wilt b mailed. "
C. II, WEAK.
Secretary,
TUB AMERICAN tlAS COMPANY
inl fttLisbal a B SkT SF
V W"W ".f VyUMi 1 aj(
A, quarterly dividend of tl. to St per share)
,y-lu declared Jba,lilU stock of this
ofdtrii or "cord t 3 p, m. Noveiabr '42,
has1-
company
101S. Checks will b mailed
J. B. TOWNSBND. Sd. Treasurer,
SPECIAL NOTICE
AT TUB GERMAN
DA
--.DON-ATION
iSff UOSPITA1... Thursdaj-. NovemkIa
JBJO tinstmiuin Ilajr). "
Doaatlena In cash will it zratefully received
by the Treasurer. EDMUND TEUBNSH. at
the of flee of ?' .Co.j, Cbstnut and Filth
st5U, or at the Hospital Curlntbiaa and
Ulrard pvanuja. Contributions Jn rood may Si
tl iJn UvafUsJ. sr urMl U ell4 lor A$
trlsd4 cordially IavHA "
0. A. SCHWARTZ, J'j'fl1ajf
DEMAND FOR COTTON
BETTER; PRICES RISE
Commission Houses' and New
Orleans Are Buyers Liver
pool Market Weak
NKW TOHK, fov. 29. The opening on
the Cotton Exchange this mornlrtit -was
"toady, with prices of the active Issues 1
point lower to 6 points higher. February
Fold at a loss of 3 points, while a sale of
August was made nt 20.30. an ndvnnce of
20 points over tho final bid of Tuesday.
There was buying by commission houses
nnd New Orleans, while tho supply came
from spot Interests, Wall Street and room
traders. Liverpool sold the near options
and purchased from March on.
After tha call the demand Increased, nnd
at the end of the first ten minutes prices
wero about 3 points over the start.
Liverpool showed tosses of 13 to IS
points nt th time of the opening here, or
about t point less than had been due.
Private cables attributed the decline abroad
to poor reports of tho stock of corn and
cotton here
The market met a renewal of liquidation
nbove 20.S0 for January on the early nd
anco and prices weakened toward the
middle of the morning. The absence of
nggrcsslvo support suggested that the enrly
nilvancn had reflected nothing more than
technical conditions following yesterday's
heavy selling, whllo the reappearance of
nctlvo selling for long account showed that
Fcntlmcnt was still nervous nnd unsettled.
Houthern spot advices wero somewhat
conflicting, Willi home reporlB from the
Houthivest Indicating an easier basis, which
may Imvo helped to bring about tho re
newed selling during the middle, of the
morning. Jnniiary broke, from 20.60 to
20.38, or hack to within 7 points of last
night's closing rtgurci
Offerings diminished after the brenk to
20 33 for January, and the market was
tiulet during the middle of tho day, with
prices showing rallies of 5 or C points
from the lowest.
Yes'clay'a
rloar.
December .. .20.10
January so.ai
March JO r.-j
May 20.7::
July 20.72
October IHfl-,
Spot 20.3.1
Oprn,
20.20
2o..ir,
2(i.n t
20.77
20.73
is.ni
11 '00
A.M.
20.47
20 on
20.01
20.H7
18.7S
12:00
M.
20.V(!
20.AR
20.01
20.8S
2.00
r.M.
2n.r,'fl
20 Rn
21.01
Liverpool Cotton
LIVERPOOL,. Nov. 20. A fair business
was done In spot cotton today nnd prices
were 33 points lowfr on tho basis of 12.08d
for mid-upland. Tho Bales aggregated 8000
bnlcs, including 7000 hales American. The
Imports were 30,000 bales for two days,
Including 20,000 bales Amorican. The mar
ket for futures closed steady at a net de
cllno of 1 point to an advance of 9 points.
NEW YORK BUTTER AND EGGS
-ntJTTEn Ttecflpts,
with sencrnlly slow
NKW TOHK. Nov. 20.
SD21 tubs; mnrkitt firm.
trading, icxtrn creamery. 4ittc. niener scor
ing. Cin-I'i'ir; Htato dairy, 40M0Wc: other
ffrnrlp unrhnnsed.
r.CKlH ttecclpts, 40.1S cases; less firm Fresh
ess and nearby sathered easier. Htoraao
lower, with mnrket dull and unsettled. Hncelal
refrigerators, nsc; rnfrlaerator firsts. Slftsmc;
white esxs, 00ff02c; brown, f0(9S5c; other
crades unchanged.
Su.a390.lio;
I8.4UWU.SS;
LIVE STOCK QUOTATIONS
CinCAOO, Nov. 20. HOGS necelnts, 80,000
hoad. Market slow. Ibc lower. Mixed and
butchers. uro.i)))i aoon neavy.
roush heavy, ID.SltOO.flO: llaht,
nlirx 1(1 "1IR5(). hulk. 11)00. 7A.
CATTI.R Receipts, 15,000 head. Market 10
lBc htsher. lleeves, 17912.3.1: cows and
heifers, 18.8000.00: Mockers and feeders, 11.00
7,7r; Texans. 7.70U: cahes, Sn.B0U13.lS.
H11UEP Itecelpts. IS.000 head. Market
steady, 10c hither. Native and western, 18.50
U: lambs. 11) 7S(310.a9.
BAR SILVER
In London bar silver was quoted today
at 35 iH. up 3-16 d. Commercial bar silver
was quoted In New York at 74 He, up e.
Organized
1807
Foreign Exchange
Foreign Drafts, Let
ters of Credit, Money
Orders, Travelers'
Cheoues issued and
Remittances made to
all parts of the World.
Inquiries solicited re
garding rates.
Farmers and Mechanics
National Bank
427 Chestnut Street
Midvale Steel
Submarine Boat
Steel Alloys
Wright-Martin
Barnett Oil & Gas
Bought Sold Quoted
i-alo laormatlon on Inete issues
eiven upon rsaueil,
E. H. CLARKE
Morton R. Alexander
IResldent Partner)
. Phone 1119 fiprure
Stock Exchange Bldg.,
Philadelphia, Pa.
2T Wllllsm St. New York
Kinney llulldlnr Newark, N. J.
We Specialize in
Calumet & Jerome
United Western Oil
Alaska Mines Corp,
Midvale Steel
Send for November Market Barometer
Carroll Felter & Co.
Securities Service Specialist
303 Finance Bldg, So. Penn Sq.
Tel. Bell Spruce J6
" Keystone Race 1018
Visit Our Boardroom
Direct Wire to New York Cnrb
Also Wires to Baltimore and Wilmington
Barnett Oil & Gas
Steel Alloys Corporation
Bouiht eJold q noted
E. H. CLARKE
Investment Securities
Morton R. Alexander
R"Mnt Partner)
Stock Exchange Bid..
PMUdelpbJa, P7
IT Wllllim -St.. Now Tark.
Klway Slum,. KiirMfc STj;
Sates in Philadelphia j
IIIWW IL i Jill i m T
llleh. tow,
800 Am M ft li 17W UJ6
io Am Milling ft ft
120 Bald Loco, (OH 0
101 B ft S t c. MY, 0(1
120 do pfd,. 00 l.0?-i
1.1J Brill j a., s: 2S
to Cmo Steel ft 4 M',
2200 C II I ft P SHi aiSl's
10 Cam Steel. 181 181
400 Corn Prod J 27
too Col F ft lr gsn &&
20 Klec Stor. 72 71 Vi
SO Q Asphalt. SI 74 3171
401V Kenno Cop B8 fl
r!8ft Lk Bup Crp Sl'i Hi
BSM I.eh NnV.. 00 11(14
20 Lch Vnl .. (12M, II2M,
21 Mlnclilll .. A7M A7tt
BOO Nov Cons. 30 20H
SOS Penna It It 117 nOW
30 Pa Halt M 00 00
72 Plilla Co.. 471ft W
40 do cum pf 42H 4H
1A0 Phlla Klec 20 20Vs
811(1 PUT lr cfs 27 SOW
117 Phlla Trao AO nr) 80 .....
100 Pr Steel t! 3i A.TJi nV HW
73 Hep lr & S 8(1 801-i
B70 ltndlliB...ll0 lto 110 f-ty
1003 Ton Bel.. 0 3-10 A A 3-10 t-l-lfl
1 All Ton MltllnB OVi 0 3-10 y, '.T
4M U (1 I ... OIU 01
21SA U S Hleel 124 1231
23.1 tVela Co.. 41 41
113 W J (t Sea AO AO
02 Westm CI 0 "OH
170 Cramp & S 04 D1V4
30 York Ry pf 30H 30 M
Ex dividend. .
Close, cnire.
17H
s .....
80
9Y
AO , 1
3S .... 4
8.15ft i
37 Vi -K44
13t 1
27 1
6A Tfc
71
Sin,
AH
31W
R7 1W
82'
07
SO V,
AOIft h
00 .....
47
42W 1
20 4- M
20 V,
LEHIGH NAVIGATION REACHES BEST
PRICE SINCE 1913 IN LOCAL MARKET
Street Hears That Pennsylvania Railroad Is After Half
Interest in Lehigh and New England, Which
Is Owned by Navigation
otv V
121 14
41
00
804
01
30
I.OW.
oflVi
Close.
10114 tom
103 103
103 104
noNns
Ilitn.
810000 A o&m Bs OOU
tonoo Bald Loco
1st 5h . .101)4
3000 City In 1941
r 103M) 03Jft lOSJft
2000 Bdln Kl 6s.H0 110 110
1000 Lk Sup Inc
Ss A3 AA ftfi
10000 Lch Neons
4 Vis ...103 V
17000 Lch ft N IJ
5s 101
27000 Leh V cons
4 lis '03, 100 100 lOOTft
400 Nat Prop
4-Gb ... 08
1000 P B ft W
1st In .. 00
1000 do t c 4s 00
1000 Pco Pass t
o 4s ... as
1000 Phlin r:i 4s do
0000 Read gn 4s 03
10000 Un P.vy
Inv Ks.. 7054 70
AOOO Wclsbach
Co lis
7000 York Ilwy
1st 'As. .
Net
chre.
0054
54
54
OS
00
00
83
00
9A
08
00
00
8A
00
05
70
5ft
54
0054 0054 005
08 08 08
Sugar Futures Irregular
NEW VOBIC. Nov. 20. Tho unsettled
conditions In raw sugar with a tendency
downward caused an Irregular opening In
sugar futures today, with first' prices show
ing an advance of 2 points to a decline of
3 points. Sales on tho call amounted to
1700 tons. Trade Interests bought some of
tho near months, with dlstnnt positions moro
or less neglected.
Tax Free in Pennsylvania
Federal Income Tax Exempt
City of Carbondale
Pa. School District
424s
Matarlnri
Jons 2th, 1020 to 1041, Inrlaslre. and
December 7th. 1013
A. B. Leach & Co.
115 South Fourth Street
New York Chlrato Buffalo
lloston London. Ens;. naltlmora
Lehigh Coal and Navigation stock was
tho big thing In tho trading on tha Phila
delphia Stock Exchange today.' There
was a large amount of accumulated orders
at the opening and the slock moved up
4 54 points within a very few minutes to tho
highest point at which It has sold since
1913. when It reached 9314. The high
point today, 90, which showed an advanca of
754 points from Saturday, was not held,
however, and before midday there was a
reaction from tho best on profit-taking
transactions. At the best price of tho
morning tho stock was 4 54 points above
yesterday's final.
Since the upward move started In Navi
gation shares, there have been many rumors
In circulation In the Street to nccount for It.
Today a new story was heard and In many
quarters this was regarded as hnvlng some
thing back of It. This story was to the
effect that the Pennsylvania Railroad Is
after a half Interest In tho Lehigh nnd
New England Itallroad, which Is owned
by the Lehigh Coal and Navigation with
tho exception of about forty-five or fifty
shares.
For a half Interest In the Lehigh and
New England it was said that tho Penn
sylvania Railroad would pay to tho Lehigh
Coal and Navigation 20,000,000. This
amounfwas paid by the Navigation Com
pany for tho underlying company, and this
Is tho amount at which It la carried on
the books. Tho Navigation Company, un
der an nrrangement ot this kind, would still
retain n half Interest In tha Lehigh and
New England, and the cost to It would bo
nothing.
This would give the Pennsylvania Itall
road cntrnnce to South Bethlehem, where
It would procure much freight from tho
Bethlehem Steel Company, nnd It would
also open nddltlon.il markets for Lehigh
Navigation coal. No confirmation could bo
had In official circles.
The placing of tho common stock of the
Buffalo and Susquehanna Railroad Corpora
tion on a slx-per-cont basis found reflection
In that stock In the trading on exchange,
tho hvuo advancing 3 points to 695i. a
new high mark. All of the gain wan not
held, however. ' While tho company's gross
earnings, In October Increased S2200 to
4142,807, the net declined S3359 to 229,367.
For the ten months gross amounted to 21,-
American Gas Co.
100-Year 6 Gold Bonds
At Market
Yielding about 6
William P.Bonbright & Co., Inc.
MORRIS WISTAR STROUD, Jr.
Manaier
437 Chestnut St., Philadelphia
New York Doston Detroit
London Tarts
i Wm. P. Bonbrls-ht St Co. Bonbrlcht & Co.
401,164, an Increase of $20,e80, ana ,.
net exhibited an advance ot I1S9.S9J, b,i,
Ing that Item up to .379.339. The BUtpi
5m Ho"'10 Wa" ,80W2 a" '"" ot
Philadelphia nnptd
ttftcates made a frnr
there was aome Irregularity
Transit tm.t -
a fractional ealn v,.. ,
rr.ffiila.lt I- .. ""!
ket as a whole, nrleea w.,. .:?." I-"'!
ward. 6n nf .h- ".i.'.",nea o
,.. chr;.",,""1'0'9 p-
move upward.
lions was Cramp Shipbuilding, which le.!
2 points In the morning trading, but rJ?!
ered 154 of tho !osslnthe afuVtiioa
The advance In tho call-moner .i. .
Now York has been followToy ?&
nuVon y., Bome 'notltutlons In Phiffi
phla. Notices have been sent out adi.nl
Ing the rate 54 Per cent, making fi'j
cent. It. was understood that olhtr it
stltutlons would send out notice? tonl JE.
cmemb'e?lt.h8 " P" S ffStl'v."'
Earnings of the Philadelphia Company
for October nnd seven months were made
public today. The tolal gross for all 7..
partments In t.ie month was t'lintM
an Increase of $288,041. Net was reduced
$7208 to $918,004. For tho seven month,
gross totaled $16,299,095. which Is a gain
of $2,250,060, and tho net advanced tfai
246 to $0,654,693. '"
$680,000 In Gold for Peru
NHW YORIC. Nov. 29.-j0d bars to
vnluo of $680,000 have been withdrawn
from tho Assay Office for shipment to Teni.
City of
Montreal
B Gold Bonds
( Due November 1, 1956
Montreal is the largest and
wealthiest, city in Canada
and the principal commer
cial and financial center ot
the Dominion.
Price 9914 and Interest
Yielding about 5.05 &
Descriptive circular PE-7S
on request
TheNationalGty
Company
1421 Chestnut St., Philadelphia
New York Chicago Sin Frsnciico
Boiton Pltttburgh
We
Brown Brothers & Co.
Foinrro and Chestnut Streets
PHILADELPHIA
Deposits received and interest allowed
For out-of-tovoi accounts instead of uslnc pass-books, deposits
may be sent by mall and we will furnish statements of account
periodically or upon request.
also issue Certificates of Deposit for a specific time, with
allowance of interest.
We own and offer
TheC
$500,000
of the Capital Stock of
onnecticut Brass torooration
(Incorporated under the Laws of the Slate of Delaware)
Plant at West Cheshire, Conn.
CAPITALIZATION
Par Value $10.00 per share
Authorized Capital Stock $2,000,000
Outstanding Capital Stock (including this offering of $500,000) 1,000,000
The Corporation has no outstanding bonds.
Iteristrar. The Eouitabla Trust Comnanv. New York.
Transfer Agent: The Metropolitan Trust Company, New York.
BUSINESS STATEMENT
1
Location: The Company's plant is situated about 7 miles from Waterbury, IB miles from New
Haven, an approximate distance from Bridgeport, and adjoins the village of Cheshire, Conn.
Troperty: Tho Company owns 13 acres of land, and a lake of 21 acres expanse; several buildings
of steel, concrete, brick and frame construction; the machinery necessary for producing sheet brass;
boilers and power plant; water for use in manufacture; transportation facilities in sufficiency and much
crude material.
Business: The business of the mill is to cast and roll brass to standard sizes required by tho trade.
Tho engineer estimates the plant can be made to roll out an average of 30,000 pounds of brass per day
working on one shift of men.
Orders: The mills of the Company are 'now operating on accepted domestic orders for over
5,000,000 pounds of sheet brass. Acceptances of many further orders are withheld until tho engineer
can determine what increased output the enlarged plant can engage to handle. Requests by mail and
telephone for sheet brass at the mills of this Company are incessant and show beyond doubt that an
under supplied trade will require for months to come, all the sheet brass that full operation can roll
out at these mills.
The Stock Issue: The proceeds from the sale of this stock will be used, so far as required, fo
retire obligations that it has been necessary to undertake in order to place the mills wM new man
agement, to put them on an efficient operating basis, and otherwise to complete the present financing
of tho Company,
Profits: The mills are now working on accepted domestic orders for over 5,000,000 pounds of
sheet brass. The last 30 days of plant operation on these contracts have shown substantial profits
for the Company, A conservative estimate based on what the mills are doing now and counting only
the contracts for 6,000,000 pounds in hand, places the coming year's earnings of the Company at
approximately $450,000. Considering tho facts that many other orders are waiting acceptance and
that the trade in brass sheet is much under supplied, there is every assurance of larger profits than
the above amount accruing to the Company from increased capacity operation. ,
Engineering Report: Mr. J, E. Johnson, Jr., Engineer and Metallurgist, associated witM Sanderson
and Porter, New York, has personally visited the plant at West Cheshire, Conn., and made a complete
report on the property and the mills capacity. From this report we have gathered the information
submitted. i
Legality; George R. Walker, Esq., Counsellor at Law, 69 Wall Street, New York, haB passed upon
the legality of this issue.
Information: A detailed circular of the Conmanv'a nronertv and nnllev will he sent nnnn renueat.
The engineer's report and other opinions are on file. Telegrams ordering shares of this issue may be
BClll St viu CAjicuac. , ,
Price $10.50 Per Share
Application to lilt this stock will be made in due couro on tho New; York and Boston Curb
The foregoing information has been drawn from sources that we consider reliable and correct, but which
we do not guarantee
Boughton & Company
Equitable Building, No. 120 Broadway
telephone Rector 4583
fl" f
New York
fB"ttBWgSI
-jL-ajJiniS
MW i" TiWiTIT
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ail iTi
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