EVENING LEDGER-PHILADELPHIA, SATURDAY, DECEMBER 1910 FINANCIAL NEWS STOCK MARKET REFLECTS CONFIDENCE IN EXISTING FINANCIAL CONDITIONS Some Weak Commission-House Accounts and Over burdened Pools Forced to Liquidate by High Money Rates, and This Is a Strengthening Factor High Points in Today's Financial News Stock market dosed strong. Public utility issues prominent. Wheal declined on further Belling. Cotton lower, foreign exchange dull. No iVMti in ileel buying. Demand for rails large. New York bank statement showed decrease in average and actual loans, surplus and ittmamt deposits. Hank clearings for week 13.7 per cent above last year. Price of bar silver higher. mm NBW TOtUC, Dec. 2. The stock market In the half tlny'a trading reflected tho existing confidence: of tho Important Interests In tho financial situation and In thd Industrial outlook. There were many Indications that nil through tho period of western liquidation and bearish nttneks stocks sold had 'gone Into tho strongest hands, nnd tlint the speculative situation Is again In such shapo as to Justify n resumption 01 bull ish activities, with vigorous advances In prospect In many Issues. Tho market hna gone through Its period of money tension, which probably reached the apox yesterday, when money loaned at CV4 per cent without anything disastrous to stock market affairs. Some of the weak commission houso accounts and overburdened pools wero forced to liquidate, hut this, instead tif damaging tho market, was a strengthening factor, nnd with that liquidation completed thoro was mf obstaclo to tho establishment of higher prices In this morning's dealings. No ono In tho Htrcot doubts that tho tension In money was due to tho operation of banking machinery and Intended for tho purpose of forcing liquida tion of speculative holdings, nnd nt tho name tlmo helping tho banks make con tracts for employment of n largo part of their avallablo funds In tlmo loans dur ing tho coming year. All tho offerings of tlmo- money mado this week at rates ranging up to r.14 per cent on nil Industrial collateral wero plnccd'nn soon as tho offers wero-mado. Borne of tho syridlcntcs nnd pools which were unnblo to mako renewals wero forced to closo out thcr holdings, but tho securities sold by them wero absorbed by Interests which were ready and waiting for this liquidation. , 1'uhllc utilities wero moro prominent In todays trading, when Ohio, Cities Gas made ai advance of C points to tho new high record of 123V4 nnd Columbia Gas also made a now high record, ndvanclng 2 points to G1V4- Of more Importnnco than tho trading In theso Issues was tho banking buying of securities of roads emerging from reorganization. Missouri rncllle old stock mado a gain of .1 points ,0 17 and tho new shares nnd now bonds to bo Issued under tho reorganization were also established at substantially higher prices. Hock Island Issues were actlvo nnd strong and thoro was a display of strength In such Blocks ns Missouri, Kansas and Texas and Wheeling and Lake Krle. In the higher class of Issues Heading attracted moro attention by Its continued up ward movement, with 11 good part of the buying coming from First National Itaidc and Vandorbllt sources. A feature of tho late trading was an advance of 4 points In Hldo and Leather preferred to nbovo 82 U.. . v Tho bond market was generally Ilrm, with heavy transactions In Missouri raclfio securities, tho 4s when Issued selling in largo blocks around G8i. Jtock Island 5s wero also active and strong. Foreign Issues wero steady. New York Stock Sales mh. Acme Ten MV, Advance Hum . . . 101 AJax Itubber .... 10 Alaska Gold Mines 14V4 Alaska Juneau... ',, AUIs Chalmers . . SSiy, Am Ag Chem .... OS do pref 10.1 Am II Sugar loW do pref loo Am ran es Amer Car A Kdy. il. do pref lis Am Hide & I.ea, . tH do pref H' Am Ice SJV, Am Unseed sm do pref SJU Am ..ooomntlvo .. bi Am Malt I Hi do pref Bi tinw. flV 10 '.a It s .VI 0.1 10.1 ini?f, loo J' is lis 1.14 isn tlVt 54 M alt noi.4 IUi Al Ml!", n v, i" IU W Ht 14 H& I i Vt sst A1 21 V, S4 no. flsVi tou 10 14 s 95V, 0.1 101 loMi inn ost is lis is asy ot mi si MS tint, IM. Wi W 4 H 0 fllfc 4 '. 4 'I. - Vi Vt su a SO I t I'M Am .SmcllltiR . ...ltftH lin do pref Ilfllfc I mil. Am Sugar Ill llfHi Am HtcM Kdy..:. n.i m Am Tel A Tel ....llltfc 131 N, 141 Am Woolen nsii. unit, .Wf. Am Writ Pap pf. M4 nrt'i, Aincr Kino .IHVi .11 do pref so so Anaconda Copper, lot DIM, Ion Asso oil flfltf. notfc it ' Atchison inn- ion Ions do pref innli I mi 44 Inoli ... At Uulf A V 1 ..IttM l T!4 rl Hnldwln I.OCO.... ill-. Id "SftTf. Halt A Ohio Ui do pref . 11 Ilrklyn Itap Tintr1. S lluniH Ilros H.l-Vi Ilutto A Superior. o California l'et . . . 3fl?4 do pref .1(H4 Canadian I'ai-ltlc. . ins Vi Central Leather. . II I Ches A Ohio .... naif, Chic Oreat ... l,i do jiref A 1.1 Chic Mil A St 1'. !i.1!4 do prct 15M C C C A St Irfiuls H4 1(1 !!! S.1 Mil '(. so .1.1 nn noli nil tin 4.1 0.14 12.1 s4 A.V.4. l 'in inVi 31 14 3.1 Vi osy, 31 l-ist4 T-0 no If. WHEAT GETS WEAKER ON FURTHER SELLING k Congestion oO Railways and Em . bargo Discussion Are Against Improvement CBAIN HKI.T WnATIIKK FOUUCAST CIIICAIU), life. 2. The nrathtr foreenst for lhlrtj"l hours folio""! Illinois. Wlsi-onsln. Minnesota. Imrit und , sixl Kna I'ulr, moilerute trmprmturea. Xfbninka Fair. Dioclrrute IriiiiKTiilurp. North Dakota Knlr toliiyi Sunday, mirtlr rloudr nnd prnbnbly unaritlrdi modrrnte Irmwrstnrn. frmh luiuthrrly nlnit. South llakolii Kolr toduxi Nundny. partly tlondy. modrrnte trmiiernturrs, frenh south- Indiana I'ulr today and probably Sun day, warmrr Sunday. CHICAGO, Dec. 2. Selling of wheat con tinued this morning and prices lost further pound. Moro acute congestion of railway facilities, expectations of further restric tions by railroads and the approaching ses sion of Congress, where tho embargo ques tion will bo taken up, were against higher prices. f December opened at JI.6G to $l.C5?i, against II r7 at the end yesterday, and 'sold at 1.65Vj ; May started at J 1.74 to U.73H, compared with $1.74, yesterday's .-last price, and receded to $172, from . which It rallied to $1.73 ; July was quoted nt $1.4Hi to $1.40 at the outset, com pared with $1.42 H, yesterday's final quo tation, but later improved to 1 1.4 Hi. The market nt Liverpool was stronger on disappointing world's shipments for the week. Kxportlng countries other than America nre not contributing the quan tities that had been expected iind tho lack of room on vessels Is being felt severely. The harvest In Argentina, which la being extended, Is oven poorer than had been pre dicted. The receipts nt Minneapolis nnd Dulutli today wero 947 cars, against 1499 cars a year ago ; at Winnipeg, 933 cars, compared with 1643 cars; at Chicago, 167 cars, con trasted with 6C cars. Liquidation was still under wny In the coarse grains, which were easier, although prices abroad wero sustained. Hecelptn of corn here today wero 415 cars and of oatH 310 cars. Leadln futures ranetd oa follona: -IP),.., r. .... . .... "" December ., l.flil l.ijti Mr 1.T4 1.74 JUU- ...... 1.41M l,4l4 Corn (now delivery) ljtivr. Cloae. eloao. l.nsK l.nii ti.iiT 1.7(1 1.73 1.74 1.3S& 1.41 l.H December a .... December .lfl.(ls Jtauary ,,1B.17 Mrl. is.07 ltlba January ..14.12 May , 14.3U .20.80 .2II.S5 tAaked. HltW UU BOH R2 BUS S3 Sst- 8Hi tuo eOH B2 n.lH W floTi uo 8UH B1J4 tS2 I'ort' January . Uay .,.. 1S.70 10.17 1B.07 14.13 14.30 27,00 2U!S0 1B.30 tV70 'IB. 1B.02 U.2 1. 13.70 f 15.S7 tlS, 14.02 14.23 14.00 14.03 14,22 114.27 28.40 20.75 I2B.7S 23.70 20.17 t2t).B0 BUSINESS IS SMALL ON COTTON 'CHANGE Commission House, Acting for Southern Interests and Liver pool, Is a Seller COTTON 11F.I.T WKATIIKII rONIIITMNS NBW YIIIIK. lire. 2 Clear Heather pre Millrd In the Muthrrn pari of the cotturi brlt tliu inornlnx .Mrrldlan nnd Milf Autuilii, alt Aohevllle, The fnliuwrltiK trmneroturea nrre reeonl inn .tnrii.Tn : ..imv...n. .... i linoiiille und Montionirrx. Sftl Thomanvillr nil nnd rnn. Z-t ( nuitunoojcn ;tot amitiue. Atliinlii und Itlnnlnzhani. 40i Oklithimm nml Vicksburc. 42! rcnmti-oln, .Mobile. I.lttln Itork. fort Smith. Chnrlrttnn, Snvunnuli und Ralrish, 4 It .Mrmphla und Hlirn rport, 4(1 1 Nrnr tlrlrnna. 4Ki .Hnn Antonlu und Tampu. SOi llrl Klo. llllmlnaton und JutU kontllte. S2 Ahltrnr. Sit fortius Chrlatl nnd (iulvritton. 02. NBW Y011IC. Pec. 2. Tluslness was rather tamo on tho Cotton ICxchange at tho opening this morn,lng. Decembor was C points higher, but other months were 4 to 8 points lower. The only fcaturo to tho trndlng was the selling by a commission house which heretofore hiis octcd for southern Interests and also foMf.lverpdol. Other commission houses wore buyers, however, nnd room traders and New Or leans also purchased. Some of tho Wall street houses which havo been advising short sales were sellers. After tho call pressure from Bcvcral sources forced prices down 2 to 3 points from the early figures. Clear conditions prevailed In tho cotton belt. Temperatures were normal In tho West, but lower In tho Kast. frost .being reported In Louisiana, Alabama, Georgia and Florida. ' Tho receipts of 'cotton nt the ports for the day were estimated at 38,000 bales, compared with 33,914 bales laHt weok and 32,173 bales last year. December January March . . May July October . Spot .... Yea. clone. ... .20.02 -.'0.14 20.37 Sd.ail 20.S7 lH.UCI 20.20 Open. 211.0.1 211. in 20. a i 20. SI 20. 4 U 1H.S3 lllsh. I'lUl.-. 20. IU 2(1. CI 20.111 20.11'J 1M.IHI I.OW. I'.I.HK 2(1.01 20.2(1 1-0.4(1 20.47 IS. Ml Cloae. 111. US I'd. (Ill 2(1.33 2ll.fi5 -.'ll.r.3 1H..-.U 2U IS New York Bond Sales llleh, 17000 Amer Aur deb Be 1114 . 01400(1 Anslo-I'r 3a Ill ' niuuo Am Korelen Heo S... lis1. 1 IKUIO Amer Htnelt Kec (la.. 111 Ioiki Amer Tel conv 4 ...loo. , Ifiooo Armour Co 4Mb HIS 111000 Atchlaon en 4a U4' 10000 Atlan Co l.lno clt 4a. S7 S000 Dale k Ohio 34a 0.1U 1500(1 do 4a 02.. 35U0O do cv 4Hs ''-IS 1000(1 llcth Steel lat 3a 103S ,-imti ,-n fr,v r.M urn . . . ut,T 400(1 Cent leather let Sa lliooo cent rao iat liw. Cloe. lilt 101 U3U us IHH Kio S7J, U2 ',D 111 llhVt 111 Kill VIS UIJ. hT, uas 112 ll.1 5000 Cent 11 11 N J.Sa. . . 04000 Chill Copper 7e 2000 Cbea & Ohio cv 4Wa iwT .1031 LOCAL MINING STOCKS TONOPA1I 8TOCKH fl :::.: .as .07 e-" ...... .17 ...... .-3 S3 ? ...... 474 0 3-18 .2(1 ,, IU aOLDKIUI.D STOCKS StUu.nt5ulf 01 Booth "' ni Combliit il'oV PrVeVloq '. I '.'.V, ', ', '. '. '. fol ptuMttdMd ii a ..,::::::::::;: .'m t. ' "-iii-.ii ., .04 iorenc fi?MBBt,p gjcNam. MUpah Etenalo'o"r; NorUurn Star Tonopah, Belmont . Joaopah Eiteniton Tooopah Mtnlna .... imi ttuia (( .nq ..........,.' tr- Uoun.lj lleraer ,.,,,,,,,.,,,,,, ,03 eM(ll'i t iiilt ! 3ma &wna B t A V Ht Sf,??.1?!?..- MISCELLANKOUa Aruona United Nevada, mil ... Nvd. wonder av ioui fM'MfllHf tl M , .02 , .01 . .31 ,80 , .22 2.20. . .IT AaUd l.uo .09 ITii .a II .2S .73 .03 ,02 .10 .01 .00 .(III ,0(1 !27 .33 .(HI :r7 ,03 ,05 ,33 .35 .21 2.25 .IV Financial Briefs Commercial failures this week In the united States totaled 247 against 313 last week, 383 tho precedm week and 361 In the corresponding -week last year. Failures, to Canada number JS.vgalnst 33 last week, 4 In the, preceding week and 36 last year. There, has been admitted to regular list 5 tho Philadelphia Stock Exchange I3.0PO. W additional first mortgage 4 per cent gold wnoji of th Connecting Hallway Company torch IS. mi. " Tha operating- revenue of fif ly-ono eteam railroad m tho United States during Octo- M6r totalei! 119Q inf'4Q1 nn lniriuia of $U,5Se,839. ni compared with the corre- ". to I47.U9.763. Twwity-tilB railroida report gross tarn W fit ?1M3&1S for tHe third wk of gsr, s Uwtfsn of f7,SJt s wbi fwd wtU, li oSrwwtAtaiT W "J i , S ln.3 Hiss mil. imji lj lH3f 1II3J A 11TU htl; 4flK 1I.1K 14HU h.H h.T.i b.1-j P.M. 115 U.1S 7IH 74 'i 7I'I UflK UhK US'. JliOO O M i St 1' rfd 4lja. . Vi, MH U3U 2000 do sen 4a U2H U2S U2H 111 cv Tia ""7 2V7 ""7r t I & 1' rfd 4a 714 7IU 714 OsBa 7HH 7SU 7KU rnnnn .tn nmv fia 100O Chi Ot Weat 4a, . 200(1 u 11 a w joini ii r.iHio dn noon c It 1 Tiniui tlty am htk tru 221100 Litir or raria oa .. ."'V .., 7000 Cumberland Tel Sa ..1004 luiw Kiilti 2000 net A Hud rouv 4a . .0.1i ln.-,. ml 1000 l-;rla conv- i ner Ji- j- 11100 Uranby Co Oa 112,, 21000 Hud t Man In 3a.... 2HVi 3000 do rfd Sa 7lti 15000 ill c u i I. .." "- 7: 112 2(1 70M 102 IISH 0!i 1(10 hfl'i SH'J HSU tis; 4000 Uirlllard.Sa,... 10IS 101S 82000 liula ft N.""."" K!' K?.' 0000 Minn t 8t I. 4a . .... HO . 11 15000 Mo Kan T rfd 4a.. 3 M 52000 Mo I'ao CJ 4a 2J OH 05IKK1O do w I 4a (Uj 1171, 1000 do ct.Se- wiV, B2J4 1000(1 do cor Da IDIT 10, Jims, DIMIU Jiw.ifc w".. . 82000 lnterb II T ret n u-i 10000 inter r aiar oa i 10000 Internl Paper Be,- 10JU 00o Japan new Q 8 4!a. JOJ. 10000 do nw 4H ... ... . . SSi 1000 Kan City Ter I at -la. . snh sjj. 2000 Klnia Co Kiev 4a. . . . fcjji S5 22(100 Icka Btael Ba liiSO.lu.lU lo. 200U I.K nn uau w 4M-J&., ''- .100 100 11000 N Y Air llrk cvt oa.l'iil , lay in" 'lOOON TCi Hud 4a... ! 01 01? lfiSKl do 4Ha ,,.;. Mil' iiS S lOOMNorf I Weat 4 .... 0i ??H ?H H OlH tZ u,tZ 7: 112 20 102,H IIHU uo 1011 8H' Sii(I K5H 10.1, ling 03K llll B5 62'i (IK loiiS' vu do pref S3ii, Chic & North w.nsn Col (las & i:iei . . 31 'i. Chle It I & l'ae . . .isa, Chill Copper 3IU fhlnn Copper .... 70 Col Kuel fc Iron . . bk,4 Col fc South 31 Con Ons of Ilalt.t3!i Corn I'roductR ... SHi do pref Ilni.j lUUi Crucllilo Ktecl ... s.T.-i Sf.i, do pref I'll Cuban Cane Sugar (it)1)!, do pref 00 Del & Hudson . . IM'.i Den i ltio O 1BH do pref IBiK, Dlstlllera Sccur . . 1 1 .(. Mice Storngo Hat. 2i' Krlo do 1st prof . . do 2d pref . . . fleneral Klectrle Roodrlch Co . . Oranby Consol (.treat North pref. I IS Ot .North Ore i-tfs 1 1 ',4 Otilf State Steel. .113 111 Cent Kid Inspiration Con... 7H4 Int Agr Corp 2Ri do pfd Int Hrv Crp N lnterb Con pfd. Internl I'npcr . do pfd Int Nickel Int Mr .Mar t c do pfd Jewel Tea SI Knit City So MV. 7lKi S3 S3 a, naif. 20 n 30 Vi tlMV II0S. l)i, 13 13 !l.1'4 I23U 3SH HSVfc 12(1 3l"i 3SH SI'S. 70 37 ')i 31 ) f I Mi a. 4 Vi -t S'.d 4 IVi IMj I I IV. M SS'.'j . 331, . 131?', . ISO . 70!-i .III 32 li, .1.121 7 lift 7 V, 103','i tnii nii IB .11 '.(, Kelly-Spring Tiro. 7l1i . till . 30 .1031)1 . 21 3714 . H3U . S3 . 03 . 7 I Si . HI1'. .107 Mi . 17 . 31 . 120 . 3I7 .... 17 Mi c .. loVi Kayser .1 Kenno Cop . . . : Lacka Steel .. Lake Krlo & W. l.oo Ilulilicr . . . Lehigh Vitl Mackny t'o do prof Max Motors . . . do 1st prof . . Mexican l'etrol Miami Copper . Jlln & St L new SI St I & S S M Mo I'ao w I Missouri I'aclllc. do t Mo Kan & Tex do pref 21 Montana Power . . Ill Nat Knanu-lltig .. 33 Mi Nnt Lead 00 Vi Nevada Con 31 54 N V Central 100 New York Dock .. SOVi N V C & Ht I. . . . N V O & W Norfolk & West . North American. Ohio Cities (T.is . I'actllc Tel &. Tel 1 A l'et pref loovi I'enna It It 37 K I'hlla Co -- Kl'Ki I'lttHpgh Coal t c 50 do pref t c 113 Pressed Steel Car. HI Va lliitland Hwy pref 30 Itwy Steel Spring. 3014. Hay Cons -337!. Heading U7h llepub Iron & Stl. SOT!. 12 31-K, nir 71 12 (lil.v, lHl, 131 Mi IS14 13 439-i 72 Vi 3SU 33 M, I3H ISO 701i IllUli, IIS II 173 103', 7011 31-S 337, 121 7 I'.fc nn 103 1 (Hi HIh 113 HI 211 14 7 I Vi till 37 103 ii 21 37 Hi-Vi S3 03 14 7,3 V4 SIT. 1(107', IB7A 301!, 120 33 Vi 13 14 Vi HVh I0V4 110 33 Oil 14 soy, limy, 30 Vi IS 33 111 7414 -4 Sid UOVi SIM. 124 I BOM, Oil 131 M, IS 14 ins 4 I id 73 V. 38 33 V, 13 M, ISO 7014 110 lis II 173 Ills'); 7IV4 sir, 32 lb 121 7116 Vj 314 4 I . -4 1 11)', 4 07')i 1113 40 11 113 HI 271b 7IVi UU Mid 103i)i 21 37 . S3 S3 0314 71V. HlV, I07H 4(iy, 31 12(1 33 17 17 Ml to'.b 21 -4 21 17!. 4 M, I- 1 4- ' 14 -4 Mi -I 1 -4 14 1 7b Mi 4 IV, -4- ii -4 V4 V. 14 4- -)i 4-2 3 3 2 lb 214 112 Vi 33 V, Shat Copper Seaboard A I. Sears lloqhuck . Sloss-Slicrrield . So I'ao So Itwy do pfd St I. & S K w I st 1. & a w - Studehaker . . . Klutz Motor . . -Tenn Copper . . . Texas Co Texas l'ac It It. Tobacco Prod . . Toledo St I. Sc W Undorwd Type I23V4 1IH li 311, Kill 37 till, 37 1117b HI 3.1 .J10 33 112 HH14 33 230 HI 14 100 20 BHl)-, 23 311 120 111 31 33 10 230 S3 Ml 10(1 3(1 BO 14 83i 207b 12(1 ')' 01 2IV4 207 V4 207 ISV-i IH 31 Otb ..101 Union ling & Pap do pfd do new Cnlted l-'rult . I'nlon Pao . . . , U S C I P & I- do pfd 1 2 . . tno ..lis . . 3314 01 A3 U7b IUI 137b HI 113 ISKTb 117 23 M. III (l14 3H4 too 20 V. 42 33'V. 1 1114 73 M. 121 air. Kill', 37 lb I0V 37 115 SI 33 30 337b 1121b HO 14 33 1 or. 230 S.I 1 non 30 BUV4 23 20 7b 120V6 01 24 207 n 1HV. 31 U)b llll MV. 82 nn All 1177b 23 Mi oi 4 2 i 4- V4 -, Vb Mi 1 Mi 3Ml Vi V. lb Vh 2 M 1 14 -4- lb 1V1 n ' i lVb Vt )'( 17b 1 H ii Vi 1 Hi" 1 4-4 31i Mt -t Vb 1 U S Undl Alcohol. 1371V my, ISBMj y lOOOO Norr fc weal ea .... uajj 1000 do dtv 4a ........ OlH 80000 Nor l'ae prior 4a.,.. OIU 10000 OntarbiPpwer B,..,B31 2500O ractflo Tel 8a. 101 7000 lleaillnar sen 4a.. .... 051a 1000 St L I M . 8 Olf 4a.. ko 10000 Seaboard A 1. adj 3a. B7K 22IWO SOUIU U,J ' i' ',, t III uli li.1V, 101 03H Hi 117 Ii n.l 320(10 do Kt I P oa..,lMJ iiijj, ftftOO do con Ba .........Igl 101 6000 Tbira av rei m... .j rAAA An kt ft Ynno 11 8 ncolly 8. . 0. 00 S34U0O l'n K of O 11 as I pa. . si U3ti 101 so 11714 101 StH I5W 15000 Va Car Chew (U'. . . 103 oy-iyj Tntal take. 83.873300. com pa it d wllli (2.IU0.U00 !' Haturdan IUI week, J 1,016.000 1 l4t week, 823.782.000. RAILROAD EAHNItfGS VOl.EDU. ST- IjOUIS AND WESTERN- lum tisa.sar 3.4V4.413 lncn iroaaa. lOis 322.113 Third week November.. From July 1 NORTHBRN PACIFIC October sroaa 'M??'?.? Fnl.iiVi::2:ffI:l -ITallicr taM 11.777.468 nHICAOO AND NORTHWESTERN n.otar k-ro .78.203 ll.204.SS8 m '-mm 1310.013 93.44U 3.S72.157 1 322. 6St! a.321 asii.nw 4.lf?.tt9 2.T7S.8TI S.798.M9 Un Itwy Inv.. U 8 Itutiber do 1st pfd 17 S Smelters... U S Steel do pfd Utah Copper Utah Seo Vn Car Chm do pfd Wabash do pfd A do pfd H Wells Fargo West Kleo West Mel dq pfd Wheeling & U K- do 1st pfd .... do 2d pfd WIUyu-Qverland - do pfd White Motor ... Worth Pump . . , do pfd II 07 HI 70 li 120V, M. W II II 00 Mi iMi U3y, 114 70 70 n V. 1357. 120 M. FRENCH DEMAND ' MERCHANT FLEET Ask Big Sum From Govern ment to Build Up Large Mercantile Traffic OLD PROBLEM REVIVED Bnnk of France's Stock of Gold Falls OffFinancial Situa tion Continues Excellent Ity YVES GUYOT Sfflrtl Cable to Kt-rttlai! Isttorr 1'AIttS, IVc 2. The financial situation continues excellent. It is truo that the ntock of gold in the Hank of Krnnco haa fallen, but thld Is only coincidental with tho enormous Increase in gold held for the bank In foreign countries, which has been brought about In view of purchnscs abroad, and so exchange may not bo too seriously nfrecled by purchases. , A nuetilmn attracting much attention nt present Is the future of the French mer cnntltn marine. Kor thirty years Franco has been trying by artificial means to In oreaso her mrrcanltln marine, nnd now there Is strong imitation that within eight een months after tho war has ended nt least ltJO.OOO.otio frnncs will ho Advanced by, the tlovrrnment to steamship companies, to rebuild their Hoots, tint less than 60,000, 000 of this sum be used on ships already built, white the remainder bo used for new construction. However, lfio.ooo.OOO francs would go only n very llttlo wny toward the rehabilitation of the French merchant service, and especially while noth ing Is done to remedy the onerous laws under which ship own.-rs operate. Theso nre coinparntile In seerlty to the demands' placed 011 American owners liy I'nlted States laws. PHILADELPHIA MARKETS CHAIN AM) FLOUK WIIKAT lln-elpls. 11(1,223 tmsl.els. Aflr npentnu Ii- lm.-r umtrr aiM-nilallv.- lliull..tlnnfl, which .-i.iis.-it lM-nrtMh HHH-ulultnn In nil homo Mrnln rrntrr. prices re.-iui-reil L'c unit Hie mar kt clniit arm. mntiitliti: lr liita. In i-iMirt eletatnr No. 2 reil. awt. 1 . J I tf I . T I . No 2 Kouthvrn nil. Ili'.lUfl 72; sK-nuo-r No. 2 r-it.i II.07W1 7H; No. 3 ml. il I174M 70: r.-Jcc(i-t A. Jl.flSWi.r.it: rrj-rti-.l It. r.30 4I.H2. CUIUS' ItriTltits. .7.10 hush. The umrki-t was imlet hut t,-nily miller small siinpllvs. (Juo tittlons: t'nr lois for tiwnl troil-. ns to lotnllon (Mil western II 1 Hi 1.17. now ttreti-rn. -oo i.inl mwl, It initio", now southern, tool unit awn-t. 1 1. ill Or l.lil , HATH Iteeeliits. 20.1107 lnnK. Thoro (ran llttlo trsitlne nml irln-s ilr.litio,l 4- (Iffrr Incs wero Hituih- uuiitl.llons; Nn, -' white, ill mmr; stnniliinl uhlii-. (to'4 Mftlei No. a whlto, MHj triliic. No. I whlto. ri!)pr.iu-i nuiltt onls, rio'i-.iiio. rt.dUlt Itreelpts, 3.13.1 Mils nml 1.U1U.I17I Urn tn s.-trhH tii-nutml wnn llttht stul thu mnrkot ruh-il wenli In Hmtiuihy with tin- con tinue,! .lo.vnwnril inovi-uiont of whoiit. (Juotn- tlutis. l-or lllll His. Ill wooil. follow. Winter, clour. I7.n.-if7 mi. ilii. MrnlBht. t7 hSWH.in. ilo. iiatent. fS.lnuN.a.l: Kunss, rlonr, rotton ni.rlo, 17.7."il(K. ilo, Mri.lulit, i-ntlnn sneks IS 1Ti tlN.MI. ilo. luiti-nt. lotton s.teks. IS.lllllfll it.1, sprlnu. Ilml clenr. ISk2."i; .to. imtent. IS.7." H.2."i. .In, fnnirltn liriin.ls. H..'iiitL7ft: -lt-mills ami fnnry twtetit. In riflirn 7.. .niy nillls, r.'KUliir urailin Winter, lour. 17.."iiili7.7.1; ilo. KtrHluht. SWN2.. ilo. lutrnt. Is -J.-Vf s.f.u IIVI5 1'I.Ol'lt snlil iilowly nt loriner rnlrs. Wo iiiuto 17. IIOUs. "il i-r hhl . us to uuiillly. PROVISIONS Tlio tuarkrl rult1 (Inn. but ttmrn witf llttln tiVllm;. tjuot'iUiini: I'tty lifff. tn mttn, niunltftl anil ntr ilrlrtl. 31c; wrutern twrf. tn vti. mnnkrt, 3o, city ltt, knucUlcn inn! lenl-ri, nniokccl nntl air ilrlcil, 3Sc; weatrrn lwf, knuckla nntl tvndcra, smokil. UTtc. bntC hum. C'httau: (vork fninllv. iSO.autfSI ; htuna, H. 1. rurnt, .ojne. llh VSOc. !'. k.nnwl. tonne. 1'iiffjii'ir; ito. l. ainukrtt. VlWllUjC' other Jm him. Hinokftl. city turctl. hb tn brumt umt iiVi-rnKP. Jlr. Ji.nns. nmokfil, ivplirn riirw. JtUt; ilo, ImiIIciI, tHHtflrai. 31c. picnic nhouhlTx. H I, curt'il, loot,, IIV: lo, iftnokcil. IJV'.j: Iwl 11.", In pickle. Hrrortlltisf to uvrrnitt. loom', 17Sc, tirrakrimt Imtiiti, i to brantl mid u cr ams city curril. !c; brt'ukfaat Iwifun. wrntern ! I. 'J'Ji' . I.t nl. vvMtrrii. rctlnril. t('M. 1K4D: ilo. ilo. iv. tun. IHhi-i bird, pure rlty. kettlii rrn-lcr-il. in tea, IHSu: l.ird. tmro city, kottlu rentU'reu. irt tubs. Sales in Philadelphia ftfl Am Ilya pf 07 S7 II & X t c. 70 100 O It 1 A V. 39 80J Kleo 8tor. 7J 10 O Asph pf 71 20 Ins Co N A 47 7s0 7.k Sup C. SI ISO l.eh Nov. . M 1.1 I.eh Valley M. Joo Nov Cons. SI IS .V Y 0 3HV SI Jll I'enna H It m SS I'hlla Co.. 10 In .lo cum pf 4Jt4 !30 I'hlla llleo 20". 1000 i-iiT tr cfs 27 V 132 llenillnR soo .so Hwy liw. 07 son so 7t 72 27 SOW S7, s.tt SOW SI 57 40 U .1121!, llJ-H, I12H 30 20 30 Close. 7 Mi 70 art I 72 27 SOW Vi SI ehite. H H 1H W ss-M St SI S7H IA 47 li 20 27U Vi - Vfc 1I2S Ton Uel... Stfc S ftU too Ton Mln.. flVi Si rtVi 323 fnlon Trno 4S 47V4 o Cn (7 Imt OlH 0IVi Dili 300 t? Steel. UnVf, 12371. 1231W 2 do pref.121 MI'S, 1211, SO Win Cramp 02 V4 1)2 92 Tntsl sulfs, 12,3(11 shares, romnsrril wllK -I 1Vb 1-ia M-in M ' i v M tB.nM shnres tnsl tstiirrisy rnnrrsi insi nren, iii.son S c n this shsres. nrek. 13A.S2I t'lo(. Not chso. oos, oms. if. 10314 ItiSifc I03fc 103W. JH -i V4 iiiinhs . -.. . . .- . . ttlsli. lw. HI1I0 A UK1-; &S WOIJh 200 City -la . loir. ..'10314 1000 ilii 1943.10314 2S00 Kleo & I'eo Tr Is . . S3 2000 t,eh V cons I '.is '0.1. loo?; loo,, iorti 4000 l'a Co cons' 4'js .. 10Ci.l064.106H. .H 7000 I'hlla Co cons Ss, 02 V4 looo 1'h Kleo Is no loooo Head kii 4s u.1 looo S'p.Am I nst02 ltooo t'n Itwya t Is .. 72 (100 Welsliach Co (is . . 00 ftOOO W N y ,t I'.l KCtt 024 00 103 72 02 M 00 03 H 102 72 14 00 , 00 00 Vi MV4 Hi4 3 14 4- V4 , Totnl silis. SI0.SOO, rnmoiirrit will. t33.30O lust KnturtliDi this week. S.tlll.lCMli Inst urrk, .1(M1.2II0. Local Bid and Ashed Toilnr Yrsloritny . .. lll.l Askv.1. 111.1. Askul Ilal.lnln 7im 77 77 77t 1 1 rill .13 as S3 33 Hun A Mm 1 . 1111 711 osW imS . ilo href Ml 1111 no HI.- Mlor.iuo 7t' 72H 7t' 71, (louorill Asiitmlt .... Sill. 31 Vt till. Sth .to I'ref 7lVt 7L-'4 US 721. Kustnnn Tel n't 14 13S II to t v i:m 11 taVi 11 to nfil lli'V, nil 11; 1, il'.l Lake Sun Corn :11m ii anS 31 Uehieh Nav H7 M74 Nil. S7S l-hlsh Vnt ss s.Hj K2 N'jtt Lohlah Vat Tr 22 22't 22 22 to I'M laVi 4 4 4:iS 4 1 IVniu II it 57 37i; 37 r.7'. t'hllii llloo -ju'i Uli4 211"; i!4 rnlla Cu til 47 Id 47 to f. i-r cent rfit 37 4 31 111 .In (I nor cent pM. ... 12 424 424 I' It T t c 27't 27t 2I1S 2, Itrmlllnr 112. I12t ltl's 112 Tonopuli llrliuollt r. llll Ms ri r.' Tonoiuih .Mlllllu! IIH UU 't UU t.'nlou Traellon 17. 4s I7S, 47't 1' (Ijs lint' HI IU V lit IM'i tr m. steel rj.-,', laot, is,, isn Vork Itwy tl 11 It 144 to href 304 37 3iti 37 Will L'riumi t e U2 1124 02 113 Isc. RKFINI2I) SUGARS The tiisrkit was olllet unil uni'hannoil i;K(ra nuo RrnntiliiuJ. i.iau 7..'..1W7.0iic; ronforilont-rs' A, 121 1SI14 121W V4 isai 123 UfliJi 3V4 27 2V4 40 4oi III III 1314 1574 60 30$,' 32V4 31i 110 TS0V4 03 03 31 2H 48 4H 4V4 2V4, 7 n 4 74 SlHi 36 00 00 6 4 ',4 S4V4 311-i SIVi at si V, 14 JS6 94 Y . 114 .. 1374 00 32V4 110 as SI -t-314 4HV, S94 ,ni 7 1 3V4 V4 3J4 . 00 -J- Ssil SIN Vi 01 -- 74 flners- list iirlera 7.. -, no: tiowueroil. 7 33tf7.40c; soft BrHilea. U.7UIF7.S3C. DAIRY PRODUCTS llt'TTIlll Domunit wnn lluht nml nfferlnss wore ample. I'rlcei wero without Iminirtnnt chjniro. uuotstlonii: Western, fresh, wollil-imrkcil creumery. fancy at.eel.ilH. I2e, exirns. lotpllc; extra llrsts, 31ic: Orsts, 37e; socunilii. 3.".-; reno ftteil. otlrn. .'lie, ilo. Urals, 33c: lo. aeconila, 3-.V, laille-i...koil. ill (f 33c. nniklnit stmk. 311 3lc. nvurhy iirlnta, fancy, 43c. a.orni.-e extra, lltrT.'c, flrata. 0711 3!lr. socomla, S3t'3llc: anoclal fumy brntula of prlnta JolililliK ut 4U ii inc. KUllS l-'lne freah ciuta rul.-.l firm with sup plies well cleaned up, hut aturaxo cuus wero .lull anil prices fa.vore.1 buyers. Uuotatlona nre us follows: Neathy oitrna, I no per ilo.; nearliy tlrala, 113. Ml inr cnao: iioorliy curre.il recelpla. 113 20 per cute: weaiern cu tras, llio per dux.: ilo. extra llrats, ItS.f.n per ruse; ilo. firsts. 113.20 per cane; refrlKoralor -KB, storiik-e unil tiiaurnuco pithl to Jaiiuury. 1, t-xtru. III. to per cato. ilo, tlrats. llli.MI per caao: do. aecomla, 110.21, tier cusu. fancy aoloct cil camllcU fr.ali .-una were Jol.blnir ut SIMOlc per ilnx l-(i:i:.MK The market ruleil steady under moderut urtorlnca. hut trade was quiet. Quota tions: New York, full crcni. fancy, "34 IP 2Mtc; apoclala hljfhcr, do. do. fair lo good. 2IU tp2l4.'.do, part skims. 1321c. POULTRY I.1VK There waa little tradltiE and no Im portant choliuo 111 prlcea. We -plote, Kuwla, ua to nullity, lit;' 17c. rooatera. 13WI le: sprlnir chick ana, accordliiK to iiuallly. 13trl7c: White I.m horna. arcordlnir tu uualliy. llWH'.c; ducks, as to alio and quality. UltClKc, turkoya. -'u.'.".'c; iieeae. HIWlHc; pigeona old. per pair, 2HU30o; Uo. "unt-. per pair. 20W23c. liltKMSI'Ui Tho murk, l waa dull with fairly liberal orfcrlnus at reiently rvlei Krlrea. (luutullona are as follows: l'reah llled, dry-puckeil turkeya. per lb., fancy, miurby. 2il2Sy. ! fancy weitern, 2327o; fair to unod, 221f2lu, common, 1SH20c. Kuwla, l! to tu.x. dry-plckeil. fancy aolectrd. 2.'lltc; lo. .Ttlvhlns I'tW'' Ilia. aple. e. 23c: do, 4 Iba. n piece, 'JtVac: do, 3H U'S. apiece, -'tic; do, 3 lbs. u piece, iHc. Kuwla, In'blila., Ice-parked, fancy, dry-picked, welihlne 4!t W3 Ilia, and over nplrce, 22Vi e; weleldntf 4 lbs. apiece, 21r, amallar alios, lllUISc. Old rooatera. dry-plckrd, 17c, ronatlns chlckena, western, dry-picked. In botes, welgh- Inir lla. and over, per pair, --ic. roaaunv cnick weaiern, tn boxeg, .vemhlns 7 Iba. ir pair, Kent, weatern, ico-pacaeu. in H Iba. and over, per pair, 24c: 23o; roaatlnu chlckena, nn weatern 1,1,1a.. .veil rontllnf chickens, western. In barrels, wel th in ir T Iba. par pair. 22c: brnlllnK chlck ena, weatern, In lioxea, welvhlng 3UI 11. a. per pair. 20U27c: chickens, welvhlnif Mnl Iba. per nalr. 20it2tc: do. mixed aliea. 2IU22c: brollera, Jersey, fancy. 30t32c; broil. era, other nearby, weliihlnt 1H w2 Iba, apiece, "Ktisuc: hrollara. nearby, amaller alzea. '26ii'2T. bducka, nearby, aprlnir, 2224c. do, weatern. 20 t)c: icvif, wea.er.i. liwinv. vtu.v,, or uu... white, woiiihlne II to 12 Iba. per dot., (3.7AW II. while, welghlnir U to 10 Iba. per dox.. 14. S3 TOTAL CLEARINGS LARGER Gain of 13.7 Por Cent in Week Phila delphia's Smaller Hank clenrliiRs throughout tho country for llio lost week wero JB.022. 31 1,401. com pared with 51,940,7(10.440 In tho rorresponil InK week of Inst year. Philadelphia and Huston allowed declines. Tlio smaller clenr Iiikh were duo In InrKO measuro tu tho fuct that TlianksRlvInK Intervened. Details fol low: lotn. loir.. re. New York. ..12.7311.323 001 l2.n2IMW3.14l I- 1.(1 lloston 1112,(1.13,133 171.412.3311 3.1 1'hlla.lelphla. SIII.Nnu.mil 2IHI.333.12II 0.7 llaltlllllSo .. 33,117 1. 311.1 41.4S4.2III 1S.K I'hlenK.i 33li.3lll.77M 31H.II83.fUlll - (1.7 Ht. Louis .. 113.113.021 SI. 4211.237 4-14.7 New Orleans 32. 3111,21111 2.1,111.1,431 1.1.0 He.rn cltlt-s, 3 days $3,003.831, ltIS 13,400,00.1.320 4- 4.0 Oilier cities. .1 !3S.... illll.llis.,111 I.III.III2.4I7 -f- I.I Tola! nil cities. .1 days 14, 300.032,1102 11,107.310.737 4- 4.0 All clt lea, 1 da I.,.MI1.278.I3I 740. 1 10,703 07:rt Total all rlllra for work. .13,022.311. 101 1.040,700.4 III 13.7 Local Reserve Ilnnk Statement The conilltlnu of the Keilprall l(eaerv Hank of Philadelphia ut tho cloae of hualnras DocemlH-r 1 iomparos ua follows with the prevluua week: iiiisotntcns Dec. 1. Nov. SI. flolit coin nnd certificates In vault 11(1.010.030 117.000.130 Cilil Helllelnunt fund bnlanco l.l.Sja.OOO fluid redemption fund . . oii.OOU 1-Kl.l tender notes, all- vrr. etc 20H.0II Total reserve 32,Mllil,sli Commercial paper 2, nil, .1311 Hank acceptance 12,013,303 Total bills iiiscounieu and liouaht H. Iionds and notes 13,333.1111 2.NII. (lllll 1..-.UI.7S1 13.537.000 ,10.(100 2(111.11)1 33, IHII.I121 t.43.1,Ml4 12.11 1 11. Mil 11.4112.755 2.N 1 1,00(1 1. (11111.71 H t Municipal warrants Totnt lneatmcnts . . 1-Yderal reaervo notes on hand -,.-, Notes of national banks unit oiher Federal Ilo- aerva banka Al other resources Total rraourres 1.11.327,51(1 133,703.787 i.iaiiii,itii:r Capital paid In 15.227,50(1 11,318,781 tl,313.71H "1.200,043 88S.273 2(1.300 20.31.1 40(1,31(1 481.871 Proltt Hnd loaa S-. inj Iteiervo deposits net . . 31,721l I2K Covin nment depoalla .... .I.7.1UI84 Dun from other 1-edernl Iteserve bank net 3.771.123 All other labilities 700 13,223,8.10 42.48'J 40.8H2..1I17 3,31111.7(17 4,238,810 2I.2HU Total liabilities .151.327.5111 I53.7U3.7H7 S13..10: while, welahlmr 8 Iba per doz.. 114(4.31 7 Iba. per uox.. la.auvpa. io, uo, uo, uip iuxr do. do. Total sales. 098,500 shares, ronimirrd with 760.000 aj.area last 'S'H'ilt'-nihls ck, 5,S'J0,500 almrtat Ut week, 0.210.600 aharea. DI1DENDS DECLARED ConsuoMrs' Pww ConuwiBy (HlchlEa0). regu lar quarterly, tU Par x?t on tho pr.f.rrsd stock, r-ayabta January 2. 1017. to boklara of ?wrd lcmtr 18. 1910. Itopka da not closa! UUbxAP' ousrterly of 2 ol. payable January "to atoek of record Damalw It. ilaxlcan I'atrolaum Connwoy, Limited, xat-u-lar quartarly of 2 par cent on preferred atock, tHiyaMa January 2 to stock of record Decan ter 13- i GOVERNMENT BONDS nu 2.. re.UUrsl. 18S0 m pd :mi-.:-.::::-:::::::iBH :h 2. i artnifbaMl. 1 lit 1 a mnrum IHb . . . viam v M!A Wm&Sms l3tt reA 1S3J4 mmL 'iuvwU tS3r:.:r; Aalw4. 100 lOtV iio; tio 1W 192 ' H Vi lbs per dox.. S2.73C2.UO: dark, 12 2.V0: small und o. 2. OUcfiitt.23. FRESH FRUITS Demand was only moderate, but the market ruled Ilrm on choko atoek of moat deacrlptlona. Quotatluna: Apulea, per bbl Jonathan, I4.50O uoiuvi,.ii,oiiF,.u, lu.s luiperiai. . I Irlm.a1 13014! Ueil Dam. 12 ouara. iiaiuwin, jmo. I, 13.751' 1. 25'. do. unsrade.l, 2-SUt'3..10j tlreen Ine. Kn l. xl.fiQOS: do. unsraded. 12.. 10 st 4: klnjs. No. 1, 1405;TKlnsa. unaraded. 2.50 o 3.5u: aiaman. No. I. IJ.iut J; Htayman. un. uraded. I2.3UK3.30: Wlneaap. Nu. 1. 4tr3i iVlncaap. uuErauan. i- ouiea.oo. ppiea, Eicaaa. uncradad. 12 3UV3.00. Apples, per bbi,, rair .o sooii. xi.auta.au. uo. norinweairrn, Ir boX41.aurE.oll, lemons, per dox. i:i Uranirea. Florida, per crate -Drlghl, 12.7503 lluuat, 12.ui102.73. urapeiruii. noriaa crate. i.oura uu. I.V.I - I4S1 natf Ijtaa .! ayo.ou. L-'ranuerriaa, Laps luu, par crate, 12 2.40- da. Jersty. dark, par crate. I2U2.4U: do, do. Ugbt. par crate, II.30S2, 1'ea.ra. New IMUUmtC nWMI, .UUUr, QUI. 473. Cranbarrlea. Cape Cod. par rlatlea. IUO0, Harly lltack. 1390.50. Cranbarrlaa, Cape Cod, par crate, 12 T2.10: 00. jersay. oars, .par crate. Vn.. nr l.tish doa. '11.5002. IVara. Kalfars, per btl., 12 VEGETABLES Fotttoes war qulat sod barely steady. Fancy stock and otbar tarletlea waa generally firm with demand fair. Quotations: Walt potatoes, par buab. Pennsylvania, thole. ll.UJOl.70; New York, choice, tl.33tfl.00. whlto putatoas. Jersey, par basket. 84cMll; fwja t potatoas. tlaalern Shora. par bbl. No 1. 12.7303: No. 2. 11.50492: Sweet potatoes. DuUwaru and Slan laod, par hamper t(-2S(8150: awaat poUttws. Jeraey. par basket No. 1, 73. No. 3. 40 Hoc; onlonspar juo-10, pas -o. 1. 13.7304. y.ov. vaouaaa. ? No. 13.731 .per ion. eiiaatUSJ. 4n ilnmaall,. ramt Inn I 1A H K lallii... UVlVUdj W, IWIMMkls. Hi w, TVTiV, Ul, UMMl, Ji-OVWif u. UU, VlfBlftia. lyTWfi.su, uv, North Carolina n-n v.. '":".-" ..' rtvonusA, uaalx . wr i'loriJ. Pr Uiiktt. I twr LjMkct. aucapii.a. Ljskt. 40cBIl: beam. Florttl. Dr baakitt 1.G03; tgplant. Flu r Ida, wr box. tS.2303; KBPera. K lit . Vr MU4. fa,4lVff Ii orWa. wrC, ll.7S23. pa. or pikt. I3B0O3. BAB SILVER Cpmmorvlal bar llver was quot4 in Kw Tork te4y at 75U?. an uptjjra of o. In Iwuloii Out m-ice waa 36d, un JJ J, FOREIGN EXCHANGE NKW YORK. Dec. 2. Tlia market for forclt-u exchange opened dull, but in tho main sternly, with the exception of denmin oxclinnite. llelchsmarkH wero offered ut 60 11-10 without takers Checks, thu quo tutlon of which Is entirely nominal, wero called nt 00 0-16; Vienna, although equally iioniliial, appeared n shade above the ex treme low record at 11.62 for cableu and 11.60 for checks. As a. matter of fact Teu tonic exchaniro conditions nt tho moment n ro no. obscure that quotation! havo little real value. The test would be afforded only In case of actual business. Itubles under cold Im ports Influences moved up a shade further to 29.80 fur cables, ;9.70 for checks. This is a recovery of nearly ?o from tho low of previous strength. Quotations follow: lie maud sterling 4.75H, cables 4,76 7-16; 00 day bills nominally 4.71, 90-day bills 4.69'rt i franc cables 5.834, checks 5.84i j lire cables 6.74 M, checks 6.76 '., ; .Swiss cables G.164, checks G18; pesetas cables 20.63, checks 20.53 ; kroner cables 23.50, checks 28.10; guilder rabies 40 13-16, plus 1-16, checks 40H. RATES .FOR MONEY Time. 2. M4W 54.8A" i 4H ,UIH Call New York, 2 ,UH Philadelphia 4 Lnaton S.Vffl., Commercial papar. three tu all moutha. Phila delphia. 3Hi3S Pr cent. BANK CLEARINGS Hunk clasrlnsa today compared with parrs, spoodlo- day last two years: 1910 1013 1014 Phlla f07.3ir.M6B 139.303,133 124.333,607 Has on ,..37.301710 .11.1172.1121 22.lri4.434 New York. ..6M0.687.tw3 434.6ta,114 233.130.408 LIVE STOCK QUOTATIONS CHICAGO. D. 2lKXlH-ltecelpts 13 IMIO. ifarkats slow. 6s bUbar. ajlsfd and butchers. JUOU.05. rood heavy. Ju.40C'llo. reuati heavy. I'ATrJ.'B Uecelpia 1300. Markets stow and steady. Useves. 17013. cows sod heifers. I3.H0 4310: atocker and feeders, II 6017.78, Texan, 17 7320. c"s- S 73913 30. SHEEP ft!Pts. 4000, Marketa alow and ataady Native and waatsrn. 18,2300.10. lambs, 8.80tl?-70. NEW YORK BUTTER AND EGGS NEW YORK. Ic. . BUTTER 74ai a iv! tuba, too grade of frath butter htl uens owar ft1??'' Kaneiui.. but aulat. All othar Quotations lawai "-t "a. -i. ..I - mA . o...l -.TilT." c.sn sftmiMir, c, owm iiairy, Ualtatioa. creamery, tiottfit. ;ecli)ij. uta esses: markat alay i on Mstt 1,'faa.s. am. s- m ririsrawr. n. j RAPID TRANSIT TRUST CEltTIFI&ATf B ARE MOST ACTIVE IN LOCAL MARK Understanding Is That Daily Earnings Are $10,000 Ahead , of Corresponding Period of Last Year Nothing New on Pennsylvania-Navigation Deal If It lind not been for rhllndelphlft lUpId Transit trust certificates thero vould have been very little to discuss In the t mill ok on tho riillndelphln Stock HxctmnRo In the short session today. Krotn tho start tha Is sue wns the most nctlvo nnd before tho closo 7000 shares had changed hands. The first transactions wero nt n small gain and then part ot this wns lost on succeeding sales, only to ba recovered with a further advance to 27H, tho high point of the day nnd n gain of nearly a point. Nothing wag heard In tho Slroet lo nccount for die gain, but It was generally attributed to the known good earnings. The Street understands generally that the earnings nre about 1 10,000 a day ahead of last year, I'nlon Traction nt tho same tlmo ml vn need a half. Another Interesting Hem wns the ndvance CURB ISSUES STRONG AND FAIRLY ACTIVE Rcnlizing After High Levels Aro Reached Does Not Do Much Harm NKW VOHK. Iee. 2. Trading In the ninrket for outside securltlen todny devel oped fnlr ncllvlty. with tho general under tone strong. While somo realizing was shown nfter high levels were reached, re actions In nearly every Instance were of small proportion, llnrtuinn Corporation, for tho first time In a long period, developed pronounced strength, moving up to 80. Mldvnlo Mlcol advanced . wiillo t'nrwen Ktecl, on In censed activity, moved up . United Al loys Steel, on rather heavy purchases, roso pearly n point. ' Oil slocks wero strong, hut Interest wns generally confined to tho Independent Issues, which developed moro ncllvlty nt substan tial advances. There was especially good demand for Oklahoma Producing nnd ltetln Ing and tho Cosden stocks. Tho Standard oil Issues wero moderately nctlvii nnd higher. Motor stocks were nlmost neglected, but somewhat firmer. United .Motors Improved . Alining shnrcs were firmer nnd nctlvo In spots. Bonds cro steady. INUU8TIHA1.H Aetna llxnloslves ." AiiK-rlrati-Hrlllah Manufacturing. . , American Marconi American Wrlllnn Taper ('aniiillsn Car Co Can Cur Kily jiref charcoal Iron Chevrolet .Motors Curtlss Aeroplane Ilmrrsmi riiunograiih Ilnski-ll ti ltarker Car llcniU'o Mamifacturtnu; l.i.tho.llou Unitize href Laurel (Ml & (III Maxim .Munitions Manhattan Trans Mhlvalo nteel ills Klevator Peerless Motors I'lioto Knir H H Kresiro w I Htnmhirtl .Motors Huhniarltip TrlaiiKle Kllm t'nll.-il Alloy Htccl Ulllte.l Motors I'lilteit 1'rollt Hhiirlnn 11 S I. II com ilo pref World I'll! ItAlMIOAD.H Hock Islam) coin . . . . .lo A pref to II pref ! OTIIHll Oil. STOCKS Cnntlell (111 Conilen A Co. Inter l'etrol Houston (ill Mhlnrat IteflnlllK Kupulpa llcnnlntr MlNl.N'd STOCKS Atlanta Ilutto Copper A .Ino Ilutto N Y Cerro ilo I'asco First National Florence (lohlllelil (lol. Kiel. I Mcriter Ilerla .Minim- Howe Souml Jim liutlor Jumbo Hxtctialim ., Muamii Copper Mines Co of America. Nlplsslni: Kan Toy HI Joseph Lead West Hnil Con Whlto Oaks Hit. Aski-il. K tl fj 'JO :i, :i; U 74 41 40 SO H. s si; ;i 17.-. "JO L'S B4 .'(! K. tl "il - Bji H'.4 7(1!, il.-, L'l lift 18 4?," as r.4 (10 all a l 4'J!i ll.t 7S 1 mil lu!i 7 17 4S;i 4 'a in r. h; n; OH a 4 :Vi J" ji HONDS Cerro Oa Ml.lvi.ln lis Itusslnn (IVis ito I4h Unlteil Klnxitum SVia a years. ilo Ala s . years Trench -Municipal (la .ISO . 07 S . imS . 04 , . I'lSi . IIH . oo!i 1 It (17 ti ja llll HI H 41 a, r. iv nt t J. r. U. 4Si III 7MW 171 II J3 HI 11 R n sii loo i!!H ilH 121! IIH lllll 114'i lis;, nsU 07 NEW YORK BANK STATEMENT Average nnd Actual Loans Decrease. Surplus Less NKW YOmC, Dec. I. The Now York bank statement this week shows a decreaHO of $52,400,000 In tho nverago lonnB nnd $46,424,000 In tho actual. Demand deposits and surplus decreased In both cases, while tlmo deposits Increased. Details follow: AVKflAOK .13. nut. ton, non alls. 3,.HI1.1,.1:'U,0(IO 1,11, .UU.IMMI Jll.o 11.0110 t3S7.80S,00O Iinni Net demand ilepoalta Net time lciosns. . . . Circulation Ili'scrvo own vaults.. lleaerve. Federal ro aerva banka Ileaervu. other deposi taries AKKreuato reaervo... Itreertu required. . . . M-i . Lv ..-.,.; ftin . i.. TUl wniin fa-o.uui.ui.i, is .V..IV. ACTUAL Loans i:l.370.00.O0O Net demanrt deposits. 3.V77.015,(IOO Net tlmo deposits.. Circulation Iteserve, own vuulta Iteserve, Federal re servo banks lteaurte, other depoal larlea Asuresate reserve. HeaervH rniulred... Hit which H-'0. 430.000 la apecle rncreaaa. Dccreaae 1.18. ir.ii.oiio N4.SaN.000 3.U42.000 1104,000 1K,B33,U00 lOO.OSs.OOO 8,118.000 n4.slft.000 1111.71111,00(1 8(10.171. ami -t.ooi.nij.j 17l.44H.OOll 2U,ll7H,tmu t3o0.fi03,O00 1,000.000 SK.KllJ.OillI 14,4'.'ll.:ilUl 14.433.U4U ir,424.000 74.UIIO.IHIO S.4n,(ll)U 470,01111 8.401.000 10S.03D.000 10.332,000 HI. 1111,000 (111,1. Kill, (llltl Bill, 7011,(1110 4i.oui.aiu s.oso.noo SU, 03.1,000 is.SMi.ino 17.013,030 NEW YORK COFFEE MARKET NKW YOIUC, Dec. 2. The, market for coffee futures opened steady this morninr, unchanged to 1 point higher, Trading on the call was quiet, eales amounting to 2000 baga. Trading was dull during the middle of the morning, with sales only In March and May. The market was featureless, and, while there seemed to be a little trade sell ing, outside Interest" easily absorbed offer ings. An early estimate of the world's visi ble supply placed the Increase at 400,000 bags, compared with a decrease last year of 32,000 bags. The local spot market was quiet and unchanged. Today'a opening. Today's Yesterday's close. ete. N'ovemoer i...utFo.ii s.Birj'S.s-j December .- K.n.ies.11 S.0008.10 H.ooAg.ii January ,.,,8.0(1 8.148.111 K.lRgg.si) February - -.- 8.S2J8.SS 8.S0.27 March ..... 8.3388.33 S.SOfs.HO 8.43s.44 April ,....; - 8.3I8S8 h.428.43 May, 8.4H8.30 h.44jl.4,1 K.4urt8-Sll Sua 8.SIOI.S2 8.88007 Jul 8.6088.03 .... tt.tltf8.IU August 8.02f8.R3 tt.mSfc.lK Saptambar , 8.7008,73 S.li.lfs.dH 8.718.72 Oilobar ,.... .. 8.71$8.7'J .7tf8.77 Uld. Total satas, 18,730 bass. Sugar la Unchanged NKW YOItlv, Dec !. Flna granulated sugar was quoted at r.75a and 7.50o today. The, last sale of spot Cuba raws waa un changed at 5.44c- mitEOTOUV 01' ACCOUNTANTS Cartlfled 1'ubllc Accountaota CO. LiWltENCB K. BROWM 1818 HAl. KaTATB TRUST IIUILOINQ. iafu whmtAtm In lliiff.-ilo and BusqueliannA common to 70, n gain ot H nnd a new high mark. This was accomplished on tho turnover ot comparatively few shares. Throughout Ut list tho movements ,ln prices wero mixed, , nnd they wero for the most part small. - ' Nothing new was lieard In tho Street regarding tho Pennsylvania, ltAllroattWi' high Coal and Navigation deal, vrhre,b7 tho former was to nequlro a half Interest In tho Irflilsh nnd New Knaland ItnllroRd. Navigation shnrcs were unchanged nt VS. Considerable Interest Is attached to re ports of what the rreslde.nfs messaga to Congress would contain. Jt waa said In the Street that the .message would Btronsly favor tho railroads; that It would recom mend nn Increase In freight rates; arbitra tion of labor disputes, nnd that It would favor a combination of American matin fncturers for purposes of foreign trade. ASQUITH FACING NEW WAR CRISIS Premier Sitting on Volcano of Discontent, Says. Bottomly FOOD PROBLEM SERIOUS Hy FRANCIS V. HIRST Slipcldl t'nMe fo Jvi-'slno Lrdotf LONDON, Dec. I Tho financial editor of the Morning J'ost describes your Federal Hescrvo Hoard's nctlon n.i well Intentloned but crude, nnd even nmatcurtsh. lis hotda that It Is Imprudent for nny money market, suddenly nnd without warning, to curtail tho credit of tho country's; chief customers, lniportnnt debates on war nnd pcaca poli cies may bo exjiectcd next week, when I'ar tlnmcnt discusses the man-power bill, which provides for a form of civil conscription, nnd votes on n new war credit. Independent members of the House of Irfirds are con slderlng tho ntlvlsnblllty of pressing re doubled nttneks upon Individual Ministers, llottiimly, who says just what ho chooses, declares "Asqulth nnd his colleagues ar sitting nn n volcano of tho nation's dig, content." This sort ot language pervades John Hull, which la n popular auxiliary of tho Daily Mall. Krnnco lit January will ba spending 3,832.000 dully, tho Krcnch budget state rriont shows, nnd Interest charges on tha new French war debt now total 1100,000,000 per annum. Tho food supply problem engages general attention. It depends upon the exportable surplus of North America, Argentina, India nnd Australia during tho next sir months. BUYING OF STEEL SHCWS NO LET-UP Many Important Railroads Are in Market for 1918 Re- qtiircments lluylng of steel prodflcla has not abated to any extent, according to best-Informed ' steel authorities, and, In fact, tho last -wees: hns witnessed a fjreater demand for soma products and moro prospective business In sight. Tho leading feature of tho market ut present la In tho demand for steel rails. Many at tho moro Important roads are In tho market for 1918 reaulrcments. and do-. spite tho high prices prevailing the opinion 1.1 general that thoro will be no materia) de cline In tho volume of orders to bo booked for 191S In comparison with those taken for 1917. It la explained. In the steel trado that tho railroads of this country had been holding off making tho necessary repairs to their roads because ot high prices and tho abnormally largo tonnago they wero called upon tu handle 'In recent months for tho movement of freight In all elections ot tho country. The managements of the vari ous roads apparently hnd been hoping for lower steel prices nnd a let-up In the heavy movements over their lines, but theso two conditions have not materialized' and tho result has been that they nre now forced to cover tholr requirements In order to keep tha efficiency of thu roads aa high al possible. Further advances In price for various products were mado during tho lust 'week. This Is especially truo of thd pig Iron mar ket, which Is showing Increased excitement from week lo week. Largo consumers aro buyers of Iron and tho foreign countries nlso aro In the market for additional lots. Franco and Italy havo taken Oreat Drlt aln'H place as tho leading Kuropcan In terests In the market at tho moment, but tho latter also Is said to bo Inquiring for largo round lots. Homo officials of steel comnpte-i ar maintaining that the present situation la causing them anxiety, due to tho tuct that tha demand from week to week Is larger than the production, and there Is still much sifting out to be done In order to supply tho steel to those who are in the greatest need ot it. 14 a y S a-AYl PUBLIC SERVICE I SECURITIES Q, Dubuque Electric Company 5 1st Morttjiije Gold Bonds, CI, These bonds, due lit1 9 yeirs. ar an absolute lit Mtt'e, on the entira electric lighting, power and street rail way system of the City of Dubuque, la,, and vicinity. 1, Net earnings fbr past year in cxctsi of twice the bond interest, C The Company, in so far as it lawr fully may, agrees to pay the Normal Federal Income Tax, CL Legal Investment for Maine Say ings Banks. C, The replacement value of the prop ertiej is Ssttmated over $3,000,000. C, Price 97 & Int. Yield 5.45 Becker. Ayling a bng Land mid fadg. Philadelphia EMPIRE GAS & FUEL CO. (tt Sinking Funds G's, 1316 Price 100 & Int. to yield $ HELLO n a PETRY Members K. V. S 1'blla, Black rUtkamc S50 COalHEKCUb TRUST 111JLDIM3 Charles J, BenAw & C&. INVBSTMEIIT .tOflll voTH-AgjwQNr wm -- v Ml
Significant historical Pennsylvania newspapers