t: BaappjjjMfflO .1iJMM(l0 a.jnjtm tnmnmitfmfi M-'MNMCIAL' &EWS 1 wafcw : ti ... B-t u' i iiiiMiiaJiaiMifiifcTiiVii inn hf -.J. - -, -,.. -W.... a,.. -, J-. J,-- .--.-..-1 - -.-..- u..r, ,., ...r - ....M.MMWIRUff ,- . '. . . , . ,Wi-W7-"-'WBW ' ' " '" '' ' ' , i "f" TffiW -I g'ag r affir2ffisB, .'.ja;. ''ct it.'T" """""i ' ' v-ngv ,, ' " evenem mder-ijhibadelphia; thuday. PEcmmEK X OT? yj: -. MOVEMENTS OF PRICES ARE MIXED IN DAY'S WALL STREET TRADING Leading Industrials and Railroads, Which Are Ex Divi dend, Make Early Progress Toward Recoveries of Dis tributions, but React LaterCall Money 6 Per Cent ?'? WW U& .... V ' W Ji" g P ' -v Ito' . ;r NKW YOltK, Deo. 1. Trading wan lrreKiilnr nml pt'lco movement mixed em tho Stock Kxcdsnite dut-lner llin cronlnr inM nf ilia iliiv. hut Willi Iho malnrltv of Issues riliowlnir tiro- ftat'.lA' .... .., alUall. a....! ii.jL full. til iHltMAmklllM .,. ... M I I l A I I l,l.t,tt, flvHPMM .' .,.. -.. ...... -V. ,. .. .......I. ... ..,..1.1 A .. a,.. ... l.. Alio icauinff inuusinai nni. rnnnmun which mini r mivhiviim hi hi ij.,ciihik, ''Inctudlnif tfnlteil Stntrm Hteel pommoti nml Union 1'nclflo, mntln rooiI proure.M toward tho recoveries of those dividend In (ho first tew minute, but tlm Inlying movement In tliee In-tur, which ntlrnnlwl Attention, won of liort iturnilon nml 'km followed by it modcrnte reaction Iroforo tnlddny, I'tlbllo Utllltle Blmrp then demanded attention lircniise of tlm vlKoroim mnrklnc tii of price of govrrnl of the-so Ihaiick. Ohio Cltle (hi, which cloed on Wednesday nt HMK, inn-lo ft riiplil mlvniiee to the now IiIrIi tecord of lift; , Jlonlnrnv I'otVor mio from 108 to 114T4 nnil Columhln (In ndvnnced nbont 3 '.J point to nbove f.0. Them Kln were not fully mnlnlnlned, recemilon belim ''quickly In order, Jiwt n hud been the cne In tho lendliiff mllrond nml Induntrlnl :oriy ,IA tho day. ,. Importnnco wn nBtiln nttnehed to the money Munition becnimn of the nd Vance In tho cnll money rnto to 6 jior cent, and the topic inont norlmiMy dlcned on Die Htreot wn whether a bull onnimln could bo financed and the requirement ot Ihe Allied nation met with tlm money Munition In It prencnt Minpo. Tho dlcualon on thli ubjcr.t linil tin Inllucnce In thn trnilliiR In nil thn foreign bond liwue. AnRlo-Krcnch fc old down fo 0ST4, n new low record for 'that ecurlty, Tho nnnounccmoul that tho forcli?n bnnkliiB nKont hnd decided ' to withdraw tho proponed offorlntr of treasury bill by tho Allied Government Wn without spoclnl Inlluenco on Iho nmrkot tone, nlthoimli It worked for n. clearlnff up ot thn flritiiiclnl nltimllon. ' Tho bond market wa Irregular bncnue of the preurn In the foreign Imuck, City of Pari 6 nold nt Olitf, United ICItiKtlom f. nt Its M imd American Hecur- ?ltle,C nt 98. Thcro wn heavy Eroding nt time In nomo of tho tiecurltlrn of road cmerslng from renr(,'nhlaatlon, Tho Mlsourl I'aeirta liwue were wlrong. and there wa good trndlng In all the Hock Inland lue. 84 .1.? New York Hank I.oe $12,578,38!) on Money Movement r- . NEW VOIIIC, Dec. t, Thn known movement of money for thl abort week, mllrtff with tho ctono of buslnen on Wcdnemlny, Indlcatn n Iohm In cnnli by tho 'local bank on nil account of $12,378, 38P, Of thl amount ll,2IB,3H9 wn to tli.i -. ' Interior, $2,400,000 to the Hublrcamiry und $8,733,000 eredlt of the l''o(lcrnl ltedervo : llanlt of New York at the clearing bonne. Tho bunk received groan, by direct xprcs Xrom tho country $1,830,870, ngalnnt $0,368,000 In the full prrvlou week, A 7nA they nhlppcd $0,082,268, agnlniit $4,777,038. C S.','.' 'If -C J i i&iv Colorado Kuel and Iron I'aya Hack Dividend on Preferred .DBNVEIt, Deo. 1.--The Colorado Kiiel andiron Company declared n dividend of 30 per cent on tho preferred Mock, payable December 22 to Mtook of record ; December 12. Thl clenn up all deferred dividend on preferred Mini-en. Cotton business mfi.tmTnp.QHTflWRR W.J . UAVJ x f""- " " "iPrnmJnnnt Rnot Interests Are ''i' T T. .,,.. nf Mnnvlur Positions t ytrtK pfttorlcill Uncut llli, nml i, n'li rlinttu s 'f, W Bsapstw Coniui I'lirUII alt Inrli of nrfclellnllon if I Inch. Ml t,hntle"'ln. ,11 i and .20 Incli ul ,li m& '.. IKIiP O rr- : S. for- mw :m m. fVs coTToy nr.i.T ivvatiikr wwihthimi iV,; turr iirl!nl In llie , rollon lH llil .' :lL ..In. frn.l ! Maulhrrn Alilliumn, Lo"llim mid Florida. , AhpTIIII. IO nsMltlllf. Ir I.H.... nn. tllBn.l.ial.a,v SSS'r M.rm.'. Kri'HnrihV Au.u.iii n.l Atlanta. Sli lllli.. Mt .ilnnlimrr, ft?m"Viii and vflmiiivi W 'to'.r; port nml IlkUhiim. 0t.'""."i,1,v. Vn" and I'n.fOl. i llrl U(o. ..Nw..lrlenji. t'hnrlralnn mill hmminoll. Ill llfKMiiirK bkJ Jarkniinirlllo. 4ai Abllrn nml tn W tonto, 41 Thuipii una fjMirraian. on. Thi"!.!! .01 torli vllM.I..ii.n. .Ill Inrh lnrh nl Miinimtt and Tills mid Aucuatii. NEW YOIIIC, Pec, 1. Hulnr wbh liiruu on thn Cotton Kxclmngo thl mornlnir, thn i. i,.lnir nrm unit tirlceii ahowltiR nd- vniicea In tho nctlvo option of 11 to 10 point. AuKtMt roo 2t point on thn call. l'romlnent pot Intereiit wero lnrga , i buyer of tho nearby positions, but older i opJt tha distant month. Thtre wn Boom V; bu'ylnc for uptown account and Liverpool also purchaacd. ' 1 1 Tho nelllng camn from New Orlean nml other Kouthern Interent and coniinwialnn houie nUo .auppllfd the Hit. After the call tho demand Increased unit by tha eml of tho nrat 15 minute of trailing additional gains of 3 to 0 point had boon recorded. Tho greater part of the early limine , hero wn due to the very favorable coble from Liverpool, price tbera being 7 to 9 point net higher, where they wero duo to como to 0 point lower, Tho offering which met the early ad vance Beented to have been pretty well ob orbed on a reaction to within 5 to 0 point of AVedneadny'a closing figure, and tho i market wa very nulet during thn middle "' of tho morning. ,'i Tho crop report of J. W, Jny A Co. ntU O'.mallng the yield nt 11.071,000 bale. - .' eluding llntera. probably helped to check tho decline, and tho lone wa rather Mead- ., i.- with nrlcea showing nllKht ralllc after V') 11' o'clock, " ';:. ,. nn illniniiUlon to urcxn late, and that the continent wn buying the new crops. ' ' Temperature wero lower In tho cotton ''belt thl morning, and froit report were received from the southern portion of Ala bama and tulslana and western Florida. -There wa some light rainfall In the Kas( In scattered district. Ml ailea place tho approximate yield for 15U-1917 at 11,355,700 bales, 600 pound gross weight, or an average of 100 pound to the acre, compared with tha average per ,cro last year of 172 pound to the acre, 1 , The area nftor alt abandonment during tho growing season la given a 3,0!0,900 acre. The area still to pick I approx imately S per cent, compared with per V. cent laet year ana 9 per cent In 1914. ''. , Tho average prKi received by farmer on an average naie or November 2 was 19.35c. Many are holding for 20c, with ' a. firm belief that thl price will bo rrachH !'& liilnm Mwft tilnnllfltf tlnmntt nnflllMi -' T-, - Wed clou. Osto, Hum. lam. HKmbr ....so.ss ..... ..... 2o.s u.4 su.til 5U.DIJ .7.1 SU.HS :il,T2 .U.BU --U.BU i7 ; fet ' ' !,! Liverpool Cotton XXVani'OOL , Dec t. Cotton future -bVrely ateady. 3 to 9 point net higher. Halt totaled 1000 bale, Including 7100 rii ". American. January-February 12.19d, V " ,. ,...11 ,1( tln.liln. 1A.I ,..,.. August 13.11(1. Cotton Buyers and Sellers 1 KEW YOnK. Dec, 1 January Xew. i5a. Cone, Jk Hubbard, Cardoxa, Urooka SJlvman. llaeedorn. llartcorn and Caiaard March 3eran. Wllaon, Nordep, Down, . Cftfto. Schill and Hentx bought; Kellter, Mrook. Wlgglo, nutaell, Beardiley, Hash ierd and Watklna aold. May Henu. KUnn, Martin, noyce. Ilea ami W Qumoena bought i Hopkins, Allen, Weiunan, llartcorn, Newman and WlUon ' ft- Down, Parrott, Young and Heat. r feUbt . Cardo aold. jy t;iwrnan, uowna ana liartlctt ; Minpru, rarrou, c. juciu. ju- and Uartoorn aold. t Uusaell twught; Freeman sold. er YflUHjr. Cone and Burnett Kagauorn, -Ktiffer, Martin, lle itiit flounuee aold. ' HI i ' i i i ;- f, BMieC. and SeeiirUlei Proin Hu&sU 'jma VKiMCUKO. DC 1. Oold tft tba Jmmv""''w"' aaeamueji to We t jjP'PieaT- New York Bond Sales n., inn, li J vtv, nn tins lit Ul lll, III 7IJ U.1 WIS nits II H 1 0.1 lllsli tl'HIil Alas (lnl.l cv il. arr A Ht, --.Mil, Ainnr Air iirii . . , i'tiniKi Amor fot Oil .la ... Bullion Ansln-I'r Da . JUKIll Aliltr Illila I. Da . Iiir.nnii nir Kuri-lsn Mo ft 70(111 Amur Hmall Hi-o na, .ItiHKi Amrr Til clt a. .. . Iihiu Anitr TW conv ( . . Iniiuii Anwr Tri cvt IW (IJiliiu .mr Wrll l'i la. 1'iHiil Ann Arlur 4a! ... Iikiii Armour OMWa IIOIHI Alchlaun irn la ITiiihi Alrhlaou .l la.. loiin Alchlaun Arl IMi KlIHI AlrhlN.,n . i 1U-..1 Biidiin Alchlaun cv -la luiln. ' lur. inuo AUhlaon cv fla II7 . Hlii hmiv Aiian i-ii i.um 4' a . ua IIIMIII Allan Co l.inn lat it III ..iihiu imii. unio na... niiilii lull a Ohio rv I'-n. 10(111 imii Htf-1 lal fta . IIHIUII ll.lh Hlil rf.l na . . Ill.l Mwii lirouklrn It 'r r,a ...loii'i iliiuo lirniklrn li T Ka liiik.inoH .,.. ,,u, i, iiui .'mill ,io iii.-n . B-.'llOll ilu 111.11 loim Ont I In cona .la Hllllll cm I leather lat f.a. IU3S "mill Trill I'll I' a la ... Un'! L'llllll f'anl II II V I p.- nit? ammo Chin Coir Ja . . wtff IIMMKI Chfs A lltilo cv 4.. M.1'1 nilinn ,1,1 cimv Ba . . vrf. loiiiio Oil A Nwii urn la... en J Iikiii Chi II y luim la. . lm, f.iuai ilo sen An ill lllunil da Nli 4a HHS AOiHI Chi M A HI V dlv la.. UlS .imii) ! ennv Ba ln.1 UMino ilu Da in.m Iikwi ,l,i cv 44a .. ...inn jjmni Will It I A I' ,rK l'-t a 74 .lllllj. a . Ii.l J, . Ii.:i, Wllji 1IMI, I III! J 11 I 11,1 im; IIH HlDS I ll.l U loil U.1S i. Hill or.', iii.i lll.l nil ...." '.... "...:4? . ': ni'ii hi. la . , Wl'i link HUta . .ton HO', tun . ui'JU lii'il! lo-'S noon I .limn INJOIIII 1'IHIII IO0IHI ilu 4 a ilu rdl'la do Ba ilu r,a cl una alu in -u HH w in ins HUH Hull, in.iC sis 1U3'4 UIIJ, Uaft Wt V.1 uiS HI UNt utH in.l I0.1V4 Inn 7IIK HH 7HS .1111111 Col .Mlill.m.l cl 4a iiiioii Col a Hotith lat la. Ilillllll dn IS" nTIHlll City nf Parla (la JIOiki ci,a Una of Hull Ba 40(10 Ciimlmrland Tl n IIIOO l)a A Hud conv 4a '.'DUO linn It (I 4a.. loim IMrolt Kdl na IIM.I.Iilllj I own l jiairolt United IHa .HI IMMin ilia Hcur Corp Ba... 74 Iimiii Kris conv 4a H,rA... Hi miiio ilu conv 4a H rli "IIIMIII ,lr conv 4a Har II niion (Irani. y Co li Ill IBiiiio Hud tt Man In Ba .. . '.'il iihhi u.i r.i na. ...... ji.imi 111 Htrel dab IIU ua i 0 III O C HI I. N i) Sa.Hi'J lllllll lutarli Mil 4Ua. . 2HIMIO Inter H T rat Ba. .. Iimio Inlar Mar Mar Ma. loon Intarnl I'uiwr 8s. . . nun jap new o,i, W-'-' '.'- T:mtr ....so.rs .... JfeK't, January .....,!!0.4U 20.( JSriXfaTnh ....... S5.ftB 20.1 .-' titr .t so.sa 'A'-iia so.ea iL. '.' hctabtr Th.so Is so ' p.m. 20.SU So. a i So, sa 20.74 V;- MB-. &r. ,, mm , ii, , .i.u ,ii. u, rlhor n aia. . HtiU HHU MV nh dab 4a licit. , . vas vas uns i Vol of N Y 4Wa..l0l1 llllti lllltt ill. 1UY, i& m. fiii. ostf UAH litMi KH IIMIII Kan Cltv Tar lal 4a. . HH'J Siionn UicUa tilaal Ss tsao. .10.1 niHiu idcieila ilia 1st na ..102 liiuuo ijis .ItKio l.lc ; 2IHHI lh 40IM1 Max I'M Co Ha aer A III lOIMI ilu Hi ur (! Ill noon Minn a at I, Ba...... uoh noun Jlo ICan T 1st 4a. . 77!, 1IIHHI da 2d 4a M louo lu Ba 7(1 Biiimhi do cl 4a no aariHMi .i w i i 074 uniiiHi no cv ci oa mi .iimxi do r.e hut urn aniMi uo fis iu:a w I ... vw Iimio du roua lla Ill J SlniMI Mont I'owar Ba..,.,,UU 1000 N Y Alrllraka cvt (la. 103 iiiuh) tir i! Hud, Ha..,,ll 2000 du :!We Hi nftnii dii i s.l1 SUIIO do 41a a Ud 11)000 dn con 4a ftXt, 10IMI X V C a Ml 1. lat 4a. Bl 1I1IMMI K Y City 4a tuss. ...to-:', noon du 4a ia ,.102 11)00 du 4Ha IvllU IOJU I BUOO do ret 4(is IBI1II.. IIIIU ao(M) n r o a a p is,... sn( loni) du na ; . .ids louo N Y N 11 4 II As... 112 1000 N Y llwy adj B IU'4 SIHHI N Y HlHla lta 4lja.. HI 10000 N Y Tal nnllli,.,, 00S IIMMXJ Uorl A Waal 4s..., lid 2IH)U du cv 4s IU23 130 jsa in ii. now Ji nuu 07 li eo loH ess Wi en ion; '8 nn HTi Wl loau 102 loan loi.K uul I 7(1 nn TT4 en ina UH ina m so HB 0(1 HHK VI 1U211 102 man toiU IHttVi 10.1 1! UDl. en l an , HAILltOAD EABNINfiS PBN.NaYI.VANU HYSTEM l.lnaa fast Intel. Incrasaa. cktoUr opcr. nr ll5.Kon.470 l. on, mm Opar. Inooma e.33o,0T "iHtl.alo Tan tnonlba' opar. rev. . .245,4JH.U'3 40,213,0(13 QVft. Ineoma M.UJJ.jtlJ 15,111,314 l.lnra Waal (klobar opar, V. 13,2113.324 J. 170.0(11 Opr. Iiwoma , S.BDl.48.1 107.110 12S,U3S,ina 23.270.4US S.BDI.Isa B.U12.3SD anu. weal- 89,ng,704 w.vai.ssa rav. . .3(18.484. E'JT S.lle.BJO 03.1143,471 1,791 BT' j i;" '" Ofm ; f '.-: .- -7JBP1 tH r . r WSP V&&.im'&S Ten inontba opar. uper. IPC01114 IJnaa aaat ()c40Ur opar. rav. i)pr. ineoma Ten montba' upr. Opcr. Irwoma VI.V27.49t HI. 113 l'BNNYl,YANIA ItAILKOAI) October opar. rav. Izo.sit.na l. 218, 300 3 Opar. Incuma , 4.U30.2I4 383.8:i an mcntlia' oper. rev . i2,22U.vl J2.uo,Hn par. Ineoma 47.BIB.SOU lu.032.858 I'KNNaYlAANIA COMPANY October spar. ray. I.S2,1St I4M.0S9 opar. Inauma I.oil.foj '182.218 Ten tuonlha' spar. rav... ei,n8.j4 14, 274. nail Opar. Ineoma 11.413,120 3.33.72 CHICAGO aitKAT WESTBnN Third week Nuvember. . 1188. 313 133.670 from July 1 e.m,7U 680. 8H8 CHBSAJ'KAKB AND OHIO Oataber eross (4.313.499 ,sw .ci4,e7 Hurptus 7i7 Faurm muntba' aroaa . le.7V2.Oln. Ne4 fO'-l'T ei.7l Surplus S.IOT.iOa 678.971 LOUISVILLE AND NASHVILLE Third weak November.. 11.101.830 33,UO , runt: MAncjuBTru OctjiUr aroas 13,121.109 isaa.us l . IM.i? IU.873 mwauu' areas T.eia.eis e.iis.nie 2.euu 'eaaoaa MINNEAPOLIS. ST. PAUL AND 8. 8. UABIB taia.tOT 148.313 168.054 1.133.178 rr r croae ii ,W Bwpg' oa .?.? S03.I24J sreaa. . . , 8.070.OJ4 s.a-u.Bla- CHICAGO DIVISION aroaa Il.iu.su -.jmmm &?, . W..4 4B 4,KS.I 1328,390 483,e2 1344. 1SS aio.ei.e "ttSJ New York BiockMlea lxl fla 0 Hlsh. tif. rm kit itemdr pf soli an m iw AlHlcsOM i.ijj li( 3J UH AIikJUl( , 8 Pi 'l "' Anif.Clnlmri Vlfj 0I! IV( M'i Wi AllB-Cnl Mff pf m 60H 80' rffl'f Am At Chemleal 97 07U 07 07 Am Ilfct Hoeir 10.14 103U 1IO Iff Am ten fi2 C2'ti (H'l "J" AmCanpf lit IHH IHM lH'i Am Cf ft KdT... i. ., 72 70)( 7HW TO Am Hide A llbff . f,l 17U 17 ! Am Hide A , pf . 7iif 7(H( 7d "Wl Am lee rVcmitm 2711 37'f J7M 2711 Am IJnaerd 22 32)1 22 22 Am rocomollte fWlj WJH Ml.' Ml Am M.lt cotp'n Ill IIH 10 H'l Am Milt Cotp'ft pf. . 4S fii, 4H! lil' AmNmrltftltef Jnj H7K IIOJI 117 AiAfinifllA 9'( 101 lO-H' 101 Am ftiitnf fleflclnf ...117)1 HOW IIO'I 1I0H Am Hum Iff pf ... 122 1211(1211(12111 Am HIM FnnnililM 0ft 117 .till 07 AmTtlATel I'M 12SJ( i27'( 127 Am Tolucru 217', 2IH 2IS 2IH Am Tub nr m-v I0! I08'( KS( I0H'( Am Hoolen M'( Mil M M Am Wook-n uf 1W), HSU tHU t'MU Am Wrltlnf ! pr : CA li7'J 0V( Ii0 Amr.I.&H fijlj f,8U MU tH AnsronOM S!( tMJi BWI W Atch Top A H V It', KM). 103l( ilKWl AlehTAUFpf llXi.'j l(J()ti l(K))( lOOJi AIIOuirAWI 122'( I2JK 121 121 All O A W 1 pr 70)1 7(j 7(ll( "OK Itald laxu Wka 77)( 71H Jt'i 77K Halt A Ohio ( h(l,'( Twill Will Itatlett Co ini)( 1(12 102 102 lletblrhem Sleet HID 020 '!i20 20 lletMNlfm filed pf 1.1.1 1(H) KV1 ICO liiooklrn flap Tr H.1 KIM M KM Dultn.A Hilp mi( Cll!( 0HI( ffl(( Cat re-lto'eum 2fi( 20 2.H( 2fl)( Csl l-elfolciim pf il( MM M'( MM Cndln I'sclflc lOS), I0HW ICflJJ 1071J Centitd lthy lll'i lli( IOiH C'htodlcr Motor! fhfi A Ohio V V (J A St I Chi Ureal Wmi . . . (hi (ileal Vt pf . . CM Mil A M I' Chi Mil A St I' pf. .. Chi A NoithFJtofn Col (In A Kiee Chi II I A I'M Chile Copper CMr.o CupiKT Col Kurt A lion Conwlldalcd (li . . Con (1 j: I. A r llsl. Corn rrndurU Itef .. Corn Trod Iter pr. . Cmrlbls Strel . Culm fane HuiM' . Cuba Caiiu Hug.ir pr 1) fo A Co pf Ilrl Lack- A West . . Denver A Kin or lien A Itlo OisihI pf. Distil Hre Corp'n Dome Mines Krl(! Hlle 1st pr Kile 2d pf I 'client Klerllle .. General Motor pf (lomlrlch II K (lranlor Consol Oiest Norlhern pr. . . , O N rfa ror ore prop (Ireene-Cananea Illlnoli Central ltup Con Cop Int llsrr N J Int Taper Int Taper pr Int Nick v t cfe Int M M r of dp lut M M pr c of dp. . Kan Cllr Houlhern. .. Kayser J A Co Kelly Sp Tire Kennrrott Cop sb l.arlede Oai I.ick Hlcel Co I.eo llillilier Tiro . . . . I.ehlli Valley Matuell Molori Mai Mnlnn 1st pr. . . May Dent Stores... . Men Tclrolemn Mhml Copper Minn A ht L new Minn St I' A H DM, Mo Tac I Missouri TacUle... . Mo Tac. tr rfi M Kan A Teiji . . , Mo Kau A Trim pr. . Montana Tower Nat Knam AS Co.... Nor Con Cop .Sew 1'oik Conlral Ne York Dock pr. . . N V Chi A St I N V N II A II N Y O A Wait Norfolk A Western 47 UH 4.1'i Vtii . I7U . .1Jt . iTJU . (IS Ml ta.1 .!. Hi'.'- h.im in 07li lt't' 07 mi r,8 It!.' U( UK 41 Ul IM!( I2.1M 12.11, 1Z1M -?.ili li'.i!, 12.111 fiO'f Wi X'Ml .17 .TIJi :vi)i UIVs Mi ran fiflu 1:1.11, i;i.i 127M 1W) 127)4 :r,ti -.7)4 atu lir'i mi), no S.T. hfi Kllf !; 'Jo.', ikiv ll !I1J( t)7 a;it) in IWi I3' 22)( ;)i fhi i;t lh() . 00' .2.11) 11( . -1 Ma . 4.1'( . 22 . :i7)i . fiDi. . IIM .170 .I2il)i . (v.i' ; .KM .117 . .44 . r.i'ij .ii)H, OD.'i .12.1 . K .10.1 . -to'' . 4.Hf 111)', . 2.1 H t)7U . 7(1 . Wi',' .n;i'-, HUM . :i7h . Slli WJi . HI'i . vm; .Illtili . :u .120 . 2W I2'a . 121 . ii . IK . 100 . :2'i n in 0M fit) MM ll!i III iri), I2.1'( 411! I .ws :i2M wi MM la.Di i:) 27 in.'. M'l Mia US'. 117 2.IS 111 4.1' l IVi 22 i .'.'( ft! I.'l IM) I2()'j 01) '( IIS' 117 2.1 IM', 1.1 4.-IH 22W :7Ji W)i 12' ISO 120!( 120'j 70 (i'JM J00M KMI', 100,' 1I7M 117 117 It), It II 12M 62 fi-' UH'ii,- 10.1 10(1!, '(. 70 7(1 124'( 12.1 (il'r 0.1 104', 10.1M 47M 4.1 11.1'i 2V. IIS 74' . MH n;i 102M -17 ii H! 72M Kl'l" Oil 12 0.1 i 10.1)5 47 M IM( ll.Di 21)1 i US It, mi in 10.1), :(7!i S2'( 7;iii HI',' on IIjSJ, 100', 4fi'' 4.V'i :iim l.'l'l l.'l 7M IS :iim no 14( III, Sh 20 nut iu: ..' I .13' ai ;:o)i 107) lOS.'i 107U 60 .Ml ) 40 42 iJOJa fi7! 6b)i fiS ;ii :i4) at 471; 45 II..U 20)f IIS 74), 67 n;i 102)i a-ii H2M 72M SIM 00 107 4.1M HIM IIS!,' llh. to),- ;ii', ll!i MM 7!,' 19 112 ):i.' :i()', 10S 60 42 6SU :i:ij( .138': 141)4 1.1014 Mils North Amcrlcon 70Ji 72M 70)f 72M rortnern raemc in ill's III lit Ohio Clllej Uaa. lot') UK uniatio silver aim... Taciric Mall Tan-Am Tet A T pt. . IVnn Itallroatl Thlla Co Tilts Coil oor dp. ... Title Upf eof Up.... 1'ltls OCA St I,. . . . Tressed, Sloel Car Tullman Co Ky SleelKpo Itay Con Cop.. Uridine.. Heading 2d pf llepubllc Iron AH.... Seaboanl Air I.tne. . . . Seaboard A I, pf Southern Tactile Southern Ity Southern Ity pr St I, AH K w I St Louis Southwest. . . St Louis Southwest Pf Htudebiktr Co Stutz Motor ah I ci a j Co Teaas Tactile I8 Third Avenua 4SM Tobacco TtoducU 62)f Tot St t. & VVrat 0j TolBtlA West pr .... I7i- Unlnn Hat Taper KIM Union Has A Tajer pr. . 82 Union Uar. Al'new.,,,114 united Fruit....... Union Taciric Ualon Paeirio pr,.. VBOII't ..,. United Drug United Drur lit Pf U Hind Alcohol.. ...... 185 U H HUDber b0 107 1I7M . 0'( 0), (I OM . 25M 2(M 20J( 20)( . W)i 100 HUM 100 . 67 67 60 J i 67 . 4.1)( 40)( 40 -Ifi.M . 5.1)' 675i 5.11, 6771 ,12M 1MM na 113 . SOU S.1M S2J( SIM . KIM H5 S.1), SIM 10fl)- IfiOM 100 100 . 6SJi 60M 6SU 6.H'j . a.i :tai( .la ,'i.i)j .HKIM 112). HUM 112 MM 40.M 40,'i 40. M!l S7M 87M 10)' 10 i 10M .' .'b'c an 09M 1 U0)( 20 27M 2SM IWU CH 0S)( 24U 2IM 21)1 20 27 20 61 61 61 12U 120.M 118),' Ul) 01 0.1 0.1 01 07M 200M 206),' 2(M h7 10 ar'r . DSU 271. 07M 21 201, 60 Wi 17M IR 4U 4S!( 1S)( 63 63 6.1 10 0) 0J( IS IB IS 14 :)Ji 14 81)( SI 81 114 112 112 100 100 167 LIS .I48M 14811 147M U71I . 83)1 84 83M S3),' . 25M 2.1l 231. MM . 70 77 70 77 63 Kl 62)1 62)5 1.10U HUM 13SM UlJi U3M OU U H Ilabber lit pi 1131,' 113J( U3M 1I3M UH-Steel Corp'a 127M 120),' 123 125J( U 8 Steel Corp'n pl, ...121M 122)( 122 122M Utah Copper 12IM 123 122H 123 Utah Securities., 23 23lf 23 25 Vi-Caro Cnem.., ,.,.,,. 48 40 48 4S( Wabash , U! )5- 15), 15), nauuu ii, a ,,, am Wsbaah pr II..,,,,,,... 30) , Wett Union Tel 101 We.tK AM 62M Western Maryland i0). Western Maryland pf. Wheel A Laka Erie,... Wheel A I, K2dpf .. White Motors ,. Willys Oreiland....... Willys Uvctlaod pf.,.. WorthlDjton Tump.., Worth Tump pf a. . . . Worth Tump pf It ... (Jualad at d I loan 4. 43 IM 2M 64M 37)1 08M 34)1 08 63 if 60M 67( 68 33 31M 32 I01M 101M 101M O-iJi U2)i 02M 20)( 43 IM 2M 61 30 1WIJ 34)4 00 Wi 28M 40)4 3M a 64 37). 08M MM IA) OIJI 27M 40M 2M 3 64 30),' 08M 34M 00 01 I DIVIDENDS DECLARED United. Btalea Industrial Alcohol Comoany. on lha pra to atock of M?iy 3!M"Vv, ..? ?. ?? ." " '' . " J ." eHUa(X IU rekfortl iLkk'tnber SO. IUttt 4 H?tr Tobacco Company, refulir qurttiy of lU ur cent on ifftrrd lock. PJfw Jtnuarr I to stock of recorj Xc!m' of rtcorti l)tcmbir 6, am-prica -uaiei-i iooipADri 471 Of reaulap outilail pralarrad a lock, payafela Januar 3. to atock ot record December 22. international ailter Citmpany. resular quar terly ot li. per capt on preferred atock, para bla January I to atock of record December 14 Books c oaa pMamber 1 and reopen January J Atnarlcan Woolen Company, raaulaf Quirtarly of ll, per cent on preferred soli U par "ait on cmuin atocV both p-yabl, 'January fi to atock of record December II llouka cloaa DacaSbar It aod raopaa Dtcember J. Candiin Bauka Merge MONTKBAU Deft 1. A, majority of th hrehoVler of th Quebec Bnk, JI.9o tm out of J7.IS0, 1y voted to ttroJga.. mate ttla th Royal Bnk of Canada and Befdtiilr on the tan day of thu nntj. tte fvrmer bank win swim to exist. BUSINESS IS SMAXiL ON NEW YORK CURB Brokers Arc Inclined to Extend TiinnkBglving Holiday Through the Week-End NKW YOnK. IVP. i.Tti trnrllne; nn the Flrond Hlreet 'iirl Wne r,,t'l7' l" w)me extent by the illeponlllpir ol the lirnk ere nnd tlenlern to extend tlie 'fl'L'; glvlnir holldny Into tlm week-end. The oil stock were about llie only laeueei in which there wa nny show of vlnor in lite trntllnsr. tJtnlt I'etroleum rontlntied In tirsrent if mnd. innklnr n further 'ivnce. with iwlw In UlK-. olume at 0 to dec Hlnclnlr OH moved nn from ISH'li to 0j, nml frue tinnnl riilvnncrn were innde In olher ! sues In this grnui. r-liictuntlonn In tho Industrlnls were com imrtlvely narrow. Aetint KspkifilveK tleelln luit from 9ti to !H. nml Haskell A Ilfirker i1ropiae.it from 17 U to Id. Triangle Kim continued fltm, with milen nt lt nnd 3 Thn Hock Islnnd Isum wero In urgent ilemanil, wild the Minlnon eloek lioiight on n large n large sorilo from 4 1 i to tJU The seen per cent preferred eolil nl SJ .4 nml Ihe six per rent preferred wild nt i7'4j ,0 "' ' a .I..II.. Next oni Importnnre an far an nctlvll) was roneerned wns Tonopnli llelmnnt nnd tills stock, too, sagged ft trifle. (In tin1 tlirnoier of In shares, llurfnlo nnd Hits iliiehnntin common rose U to 63 M. u new high mnrk for the rnr Welslinch moved up I points before midday, touching 46. 1ml inrt of this gain was lost Into In the Thn trnrUlon Issues Philadelphia Itnild Trnnsll trust certlllentes nnd Union True Hon -moved In opposite direction".. Wlillo the former declined 'n little, being fnlrly ftctlve, Ihe littler ndvnnred n frnctlon. MlnliiR stock'.i wetn iulet nnd generally lower. . t'nlted Motor dropped from no to 6D'.. Foreign bonds were ngnln wenk. Kreiidi munlcl;ml Us selling nt 97U nnd 97. Ittisnlnn r,'4a 9lt4 and t'nlted Klngilom three-year notes sold nt !)8i nnd the live yenr notes lit 91. INIit'rVrtllAI.H Aelns l.'iploaltea . . . . . Amarlcan-llrlllali Mfir ... American Marrnnl . . . . . Amarlcan Wrltln I'aper fsnarltaii Car Co Can Car A Kily I'td rtiarcoal Iron Chevrolet Motors Curllaa A"roplane Kineraon rhoiinaranli . . . Ilaaaell A Marker Car .. . Ilftnl'" Mf Kathoill'in llrenin Pfil ... Laurel 1)11 A till" Manltn Munitions Manliallan Transit Mlriral Hteel (Ill, Klnvaltir t'eerkaa Malora ,,..,..., I'onle ICns H H Kre"a I Hlatidnril Motor" Hutimarlne Ileal t Trlsnale Film I'nltfil Alloy Hleel Cnlted Molnra t'nltnl 1'rorlt Hhnrtiur II H I. ft II I1tn C H I. : II I'f.l World Kllm Ilork llmk ItiKk IIAII.UOADH taland i om lalimd A iM lal.ind II lf(l HTANDAItl) Oil, 111,1 :,SS : ;. . 40 . so H .in.'. . so . Ki'i . in', . SI . x n't . null . nr. '. Jill . isi; . BP'ti : si: . .1 41'. 11.1 7 HTOC'Krt iM5 :i7.'. ann .nn llt.l sn:, Illinois Ohio I'ralrle I'lim . . . .. ......... . Hlandunl oil of Cullfurula . HUndsrd OH of New Jeraey. Htanuaril uu or .ew rorK OTIIKH Oil. HTOCKH C,,a.ln Oil Coailen A Co Inter I'elrnlrurn Ilouaton Oil Mldweal Hf Haptllpa lief .MlNINd HTOCKH 711 Ill's Allnntn lllltln nd 'Inu n Coimur - v, Cerril 'I I'l'St Klrat .Vntlonal .. Klnrencn (loliineld ... (loliMelil Meriter Ilecla MlnliiK HliHe Hlinml Jim llutler .Iiiinl"! lixlrnaloii MeKlnley Dnrrash . .. Magma Copper . . . Mlnea Co ut America Nlplaalng Han Toy ...; HI Juaepti l-ud U'eal Hnd Con While (lake IK Cerro fla Mldvaio p" luaalan A1 nlti.il Uln United Kingdom Ituaalan e'j" . Ilnaalnn nUa Itnlteil Kingdom :!.: -"r, a le-ycar. . so n n!. SI (IS M 4 .121 . I'7'i . 114 ' "IS . PbW Aakad H'a S" An M.. sn 474 sn ii "on nH nr s.i I in in H IS I ' r..i4 r.ni i s .-. l'i IS III S2S :imii :i:i.i :i7ii IIS3 S7U 8 41)5 311 K v inn S7 tit sn S 'a , k ISI UK loot. NKW YOKK IJUTTKIt AND EGfiS NKW YOllK. Dec. t. IIUTTKIt Iteeelpla. (.0(1(1 tubs. Market prices declined ahnrply nn all gradea; unaettled ut eloae. Mtrn creamery. 30e; higher acorlng. aoH W40r: Htnto diilry. 3S'4e; Imitation creamery, a3Hl4c. lHKIH llcrelpte. 71S1 caaea. Krcsh grades steady: storase nulet und Irregular. Ilerrlgern Inr nrata 3HM, I'rH'.ic: do, seconds, 'I'JU.Wic; while eggs, snwotin: other grades unchanged. UAH SILVER liar nllver wuh quoted in New York today nt 7iio. up ,c The prlre of hnr silver In I-ondcm was SDTtd, n dcelliio of l-10d. B.A. AV- PUBLIC SERVICE SECURITIES' (1, Dubuque Electric Company 5 1st Mortta,'c Gold BonJe. C, These bonds, due in 9 year), are an absolute lit Mtfe. on the entire electric lighting, power and street rail way eyitem of the City of Dubuque, I and vicinity. G, Net earnings for past year in excess of twice the bond interest. C The Company, in to far as it law fully may, agrees to pay the Normal Federal Income Tax. C Legal Investment for Maine Sav ingj Banks, d. The replacement value of the prop erties is estimated over $3,000,000. C Price 97 & Int. Yield 5.45 7o Baker Aylirvg S "bug Land Title Bldg. Philadelphia, 2Sf- I.KClAI. NOTICES .OTIt'i: IH- IIKKKIir I1IVKN THAT the nartnerahlp aaaoclatlon ot The l.on. dan i'looer Hhou. IJtnlled, has been dlaaolved. All cerauna having clalma against tha aald aaaoclatlon muat preaent tha same and alt par aona Indebted to the aald aaaoclatlon will roaks payment to the underalsned v WILLIAM IIIlf-WSTEU TAnEIl. 11. -tAllH.lt. HAItAH II. 1IIVINM. ! Llquldatli Inih at December I. IK 10. ItOH.MKH. .tlrur Truateaa. Nil) and Chestnut streets, Tha undersigned hays thla day entered Into MurtnarBhln under the flrtn nazna or Th liml. Viewer Hhop. nd will carry on tha buslnaaa at or lath and l!haalnnl IIHRW8TEH TAllV!n. ,i.dDit. I.IH.-W no. 1 1. December 1. 1U10. ir atreeta. WILLIAM. DIVIOHMIS UNITED SECURITY LIFE INSUR ANCE AND TRUST COMPANY OF PENNSYLVANIA en, and COS Chntoul Hlraet VhtladalDhla. Pa.. November 8. Tba Hoard ol Directors haa this day declared semiannual amueuu i tf mua oo-nair per nf. clear ol tag, payable r Idar.Iiecmiber fat, Pa. November H. 1910. Lora haa thla dav riay.lav a semiannual dividend of three and one-hilf per cam. Clear oi ,BKV".w,ja "!. rceuioer lal, 8I, and added 43V.0OO to surplus, making- (but runa aaou.uuu. HARRY C TOTTER. Jr.. Treaaurer. DIUKCTOUV PIT ACCOtlNTANTat Cerllflcd 1'i.blte Atcounlanla .ivaWSShmBLmmL, KN3 SVKAKI T1IB WHJKSiK BUBN?.! (UAH Sates in Philadelphia chee. n M H MM ! Vi-ii us 14 V. ! f Hteh. Mir. Clase. Ut Allia Ineur 20 tn tn M Am Ity pf tJ UT 97 leo Am Rmeltlia?', tlnK ll!i to do nrcf lli ll)i ll' n Iliilil Tico 1H 1 in 11 A H t o no)4 9M tn do nref no eo in r.tti J'et . : tn sn rrm Hteel ills, am ..i Cum Iron, 'ltd UK 0 Cam fileelitl-li 131' so.! I'.leo Mtor. II', It too Kris J" -is ln.1 (I Asphalt, -tlti H I dopf.l.. Jt 1t no Int At At rt 4114 4 Hi at Ins Co .V A tl tt loo Inejilr Cfop in lo An Itenno Cop 7i, 7'.. Silo l.k 8tipCrp SIH 31 Itlo !,eri .Vnv. . aa 7 Ito t.eh Vnl. . . stti sit, in.1 I, V Tr iiM 4S, it In .M In nil ... 43 UK a.1o N'ev Cons. .11 MM 100 N V () A W J.1H ail I'rnnn. It It ,11 tt, 37 .11 r Hitlt. no on on I'r Mil Cnr si . to t'hlla Co. IS', 40 A.I (l(i cm pM 41 H It 14 hl.1 I'hlla Klre ton 0H loo PUT. . 1014 t(4 1300 do t r . SOU IKS', 3!i, 10 IMillo Trnc so ao ao loo P C C A Ml I. ... stH .10 Itay Cons. Ml, flfto ItenilliiR . .Ilt.i Oil Ho Itwy . tan, solo Ton Helm i inn Ton .Mln SJ-m on. in on. in ttl Union Tr 47 47 14 47 tt t- Mi 170 I' (I I .. fll!4 01 ,, OIV, I47 IT H .steel ItdVi lt.1 ItSa, - (so Wnhnsh . . ttt l& lti - s SID Wels Co.. 4.1 4 4.1 1 J.l W Jer A H 30 no no 1.1 Win Crnmp. 0.1 0H4 pt4 Hi 1 00 '.4 00 30 SI "la 44!. ItCJi 7IH as XI it 4Mi 31 70 01 ni 01 on. 1 -it, 4(1 to. JI-fHa 01 00 0.1 40 4U4 .... te-, . . . tot. t ( tt w. -I tt f- I tt I r Itt Itt OtH na tt 01 tt aa!, 111 mt-. to toot A l-l A l-M 4 1 4tt f !. t-lTd 4-1W tt 10 niiNim illsh. Ixiir. stlOO A DAI.'I tie OOtt inoo Choclnw rons fis. oott sno City 4s 134.1 rcit ....103 anno Hlec & t'eo Tr 4s . . ottt tooo th N cons 4'4i ...lot Mono I,eh V cons 4'4h 'iia.lontt 4.W11 Irfh V Tr ref lis .. 9t!i noon I 'hi In Co culls 5s. Ottt 4000 I'll Kleo 4s 00 loot) dii f.n. . . lonvi noon Iteittl en 4n tt loot) (,'ll ltW.VM 1 c 4s.. 12 mono du inv As 10 a (Hi (I Vork llwy Int Cs. ,. 08)4 on tt oott 10s otA lua inoii Cloaa. 0014 OStt 10a tt Net rhs. y L. Q-rnnfr mtSTNESS FAIRLY LARGE, WITH PRICE MOVEMENTS IRREGULA Lake Superior and Tonopah Belmont Most Active an Both Decline a I'racuon vuibuuv.. muiu uV) but Loses Part of Gain Whll trstllnit 011 the I'lrilfldetphl.i Stock Kyehnnice todoy ,rno fftlrly active, move ments of prices ver Ifr'RUlar. The Mart found stocks relllne; nt lilfher levt-lo iffner nly throughout the llsl, but In the niter hoon. when some stocks ere put out for profits, soma losses were sue Ulned. There war no decided weakness In nny Issue, ThroiiKhout the tiny Ij1 Superior Cor poration stock attracted the most atten tions Ihnt 1. It Was Iho moot active. Dur ing the mornlnir ttiero woo a fractional gain, hut this was not held In tho aftrS TlOOtl, anil lowaru mo iui. nour ine. oioejfl showed n tosa no compared with tho fl"i furo of Wednesday. jig JhlBh Coal and Natlitntlon, irhlch tft& 11, Mr Ihlne In tho trndlns on Wedn.il day, when reports were current that thiS Pennsylvania lumromi wnsj alter a lial Interest In the Lehigh and. New Entrant llAlironu, wnicn in uwncu oy avijatfoH Rainetl n run point in tno mornlnir. T(rg or mis Bain tniiicu 01. in mo aflef! noon session. Financial Briefs ma ion",, 05 tt Ottt Ottt 00 00 to.l I OS OStt OStt It 70 It 70 -; OAli .(- 1,i LOCAL MINING STOCKS TONOCAIt HTOCKH Jim llutler MaeNamarn Midway Mlipath Ktienalnn . Montana .Vnrlll Htar Tnnmiali llalmnut . 'ronoDah i:itenaion Tonobah Mlnlne; .. It-arun Kutulla ... Hct Knd Ill.l. . ,ns . .07 , .un . .17 . .2.1 . .IS ;B . n n-in . .311 . .70 (lOI.Dl-'IKI.II HTOCKH Allanln lllu Hull .1. . Itoolh , I.'. II. I 'limb Frmc Dlnmf II. II lla lay l-'lnrenco , Ililldfleld nnaollilllteil Ilnliinel.l Merser ".'I' Jumho Ktenajon Kewanaa ' 'iro Kami Knn miter I'ick .....;; MISfKI.LANKOUH Arlzonu United Nevada Hill , .Vnvnda Wonder Tecopa Vilnius; ..n; .111 .us .11.1 .tw .0.1 .01 .;. .A 1 .0:. .an .ii-.i ..ui' .ni .ai .r.o Aakeil. 1. 11(1 ,nii .it .in .20 17 r.u ,-S .75 .(IL' .III .III .till .till .1)11 .27 .A3 .till .27 .11 .11.1 .11.', ..1.1 ..-..1 21 2 M .13 The New Vork Bulnrensury lost $a,4 1.000 In the hanks on Wednesday, retluclnic the onsh net gain since Friday to 2.l00,00il. Hank clesrlnits continue lo reflect the re markable business activity now provalllnir in every section of the country, tho total for five days this week nt the principal clcarlnc house renters In the t'nlted Mtntes, nccord InK lo Dun's llevlew, amounting to no less than J 1,766,733,220, on Increase of 7.C per cent, as compared with tho full week last year, nnd of 17.8 per cent, as contrasted with six days In 1913. , Francis II Hond has withdrawn as a special partner of Kdward U. Smith A Co. Jnmes I. I.lneawenver has been admitted to Ihe firm of Wlster A Stokes, as a Rencrnl partner. The exports of copper for the week ended yesterday wero CMS tons. For the month of November. 21,43.1 tons, contrasted with 10,11)7 tons Inst car. Three Extrn Dividends Declared Mxlra dividends were announced today nn follows: International Salt Compnny, 1 per rent extra In nddltlon to the regular quarterly of 1 per cent, payable December 30 : Illinois llrlck Compnny. extra of 2 per cent, payable December 20 to Mock of record December 9 ; New Jersey Zinc Com pnny, extra of 6 per cent, payable December 11 lo otock of record December 1. Public Utility Bonds Wo specialize in tho securi ties of well-estnblisheil Pub lic Utility Companies, and will submit n list of Rood bonds of this type to persons contemplating; conservative investment. Edward B.Smith 8tCo ESTlBMSIttD 1SS3. BANKERS Jlfeiiiberi .Veto Vork and rhltadctphta Slock Exchanges Jill CiixsTNOT Sr. rniuntirrtu 30 I'iks Hiarcr Nttr Voik NEW YORK COFFEE MARKET NI5W YOIIK. Dec 1. The market fo coffee futures opened steady this InornlrJ and first prices wero unchanged to I point' lilglier.' i rntiinK on 1110 can was quiet. Sale amounted to 4500 bags. onenlnr. !-- :66 S:?SBS! ho0"" hUh .... S.40O8.60 S.4oil ";: Vii os.e. S:so8ll ....8.71 0.7001? - ,. 0.71 December January . Kehruarr .March . April .... .Mar .... June .... July Atia-uet . . Hcpiember October Hid. .... To Individual Investors , We maintain one standard of service, uniform in ecope and efficiency and particularly adapted to the requirements, of the individual invutor, regardless of the amount available for investment. Our current general list rn-75 will be sent upon request. The Nationality Company 1421 Chestnut St., Philadelphia New York Chicago Sun Francisco Iloston Fittiburih Tax Free in Pennsylvania Federal Income Tax Exempt Borough of Tyrone Pa. School District 4 8 ' ' Maturing; January 1 1946 A. B. Leach & Co. 115 South Fourth Street New fork Cwcaeo Buttalo Iloaton London, Ens, Baltimore; NEW ISSUE $1,500,000 United Light and Railways Company Six Per Cent. Convertible Gold Debentures Dntcd November I, 1916 Due November I. 1926 Convertible at the option of the holder upon ten days' notice from November 1, 1018, to November 1, 1923, inclusive, into Six Per Cent. Preferred Stock at the rate of $1125 par value for each $1000 par value Debenture ' Callable in whole or in part upon 30 days' notice any timo prior to November I, 1921, ot 102 nnd interest, and Iherenller nt 10 1 and interest. Interest payable May 1st and November 1st. Principal and interest paynble at The New York Trust Co., New York. Coupon Debentures in denom inations of $100, $500 and $1000 each with privilege of registration as to principal only; $1000 Debentures may bo exchanged for fully ' registered bonds in denominations of $1000 or multiples thereof. Interchangeable. ' THE NEW YORK TRUST COMPANY, TRUSTEE For Information concerning this issue wo refer to a letter of Mr. Frank T. Hulswit, President of the Company, from which we .summarize as follows: Business The Company owns or controls Public Utility companies supplying? without competition gas, electricity, street, or interurbon railway service in fifty-three communities, having a population estimated at 537,000. The Company serves prosperous agricultural and industrial com munities, centering about Davenpoit, Moline, Rock Island, La Porte, Muskegon and Chattanooga, located in the States of Iowa, Illinois, Indiana, Michigan and Tennessee. These Debentures are the direct objjjjation of the Company secured by Indenture providing that no mortgage may be created upon its property junior to the First and Refunding Mortgage without equally securing this issue. Gross earnings .have shown a steady and substantial growth. Net earnings for the year ended September 30th, 19 lb, were equal to aV1' t0lal. char8": including interest on these Debentures. Applicable earnings equal to over 13 times annual interest on these ' Debentures. Reproduction value of the physical property is largely in excess of the par value of the total funded debt including these Debenturesi This issue is followed by Preferred and Common Stocks, representing $j i oooiooo n pre,enl market quoU,'on, 5n """ of nl : not ll'll. IV "I i 'J. k tit Territory Security Earnings Value of Property Equity Taxes Interest payable without deduction for present normal l-ederal Income Tax. Tax refundable in Pennsylvania. All legal matters in connection with the issue of theso Debentures hav Cutcheon & Taylor and Messrs, Cooko & Marvin. The accounts of I Messrs. Barrow'. Wade', Guthrie tc Co., and the nhvsical n,na,,ii.. 1, by j. u. wniio cngmeung v.crp. copies or me.e report, and opinion, are ton file and may bi .een ss h ben pasted upon by Messrs. Byrne, Messrs. Barrow. Wade. Guthrie c Co., and the physical prope tie. have been mminld -n5" . T V hv I. G. White Enninering Corp. Conie. of these ren. t.j ";TJ?!I! ."" 'Xr?,mmc. Bnd "ported upon ey - --j- MJ.twlll I Tequct. Price 99 and Accrued Interest Descriptive circular on request Uj William P. Bonbright & Co, ;,'fis '. Incoriwrnted ' MORRIS WISTAR STROUD, JR., Manager 437 Chestnut Street, Philadelphia N$W YORK BOSTON CHICAGO London William P. Bonbright &. Co. fc'&sriraute JM! Aa;r mmrsspt, a DETROIT Paris Bonbright & Co. vhtsh. information. i T-' - r "'iiaiif-tfai'n a-. ,&&&rid.& -'rr "r: - -?-! ; ----.j1' ill T6TArM : jmm&L. .s L7fctfi aaMaja-aaa.11 1 a iHiaaTl SVBI B J I I MBTuaaE, -4.if-
Significant historical Pennsylvania newspapers