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EVENING LBBaBJ-PHIBABBIHrA MONDAY, DECEMBER '4 1916
t" ""l"l'r"'11" ' ' l-f "---, I, a i - - -i ..--. - -
1 FINANCIAL NEWS
' " ' ' I..-. 1 1 , t t nii.
uajuju MUJNJSY GOES TO 15 PER CENT
m WALlSTRte AND STOCKS FALL
-""-' l-T - t Dill
Banks Demand Payment of Loans, and Funds Are Bid
, up Worn 6 Per Cent to the High in the After
noon Rate Drops Before Close
j ' II . ""ii i i in HI i
' -. .- ' " NEW JfOltK. Dee. 4.
-- Th Siwet nad littlo doubt to4r the bank did put the screws on Wall Mreet
Borrower. lvnr)y In tho. da,' notices Wero received by many houses calling In
loan nniVMor noon thro wnat a larto crowd nround the money post on tho
6or of tho Stock Exchange aoeklnrf to obfaln new accommodation in place of
tlm calfed. looa
1M mint,f mnrle- stMit with loans of about 110.000,000 at per cent, but
th demand -was ho general that tho bank ofrerlwr. with noma Institution placlnir
S,600,00(J each, wore tiulckly ftbortid, with n steady bidding up of tho prlco
ttnltl It reached 15 per Cent around 2 o'clock. Then there wa a reaction to JO
per cent, but although n, pood supply wui sont Into the boaW at this rale, call
ftjonoy was again quickly quoted ftt IS per cent bid.
IJuflng. tho early trading Wall street was disposed to rldloulo the growing
tnlon In money, whlch'had been supposed fo have reached I la most ncuto stage
on IJday lout, but when 13 per cent wait bid later and tho demand continued to
JeaaUy tho calling of further loan shortfy beforo 1 o'clock liquidation swelled
to larger volume ortd many slocks woro pressed for aale nt sharp concessions.
Wio market mado nil tho moro response to thin money disturbance because
of tho fact that many Issues had mado milmtontlnl gains In tho early forenoon.
United Btatea Steel common reflected tho general tnnrkot tone. That Mock
advanced i In tho first hour to 120, but when tho high rnto for money for
tha day was reached tho stock sold down to 124J4.
Tho widest rtuigo covered wan In Ohio Cities Claa, which after advancing 3
point to lSlJ,, dropped to lUtf. Amorlcan Bmolllng was favored to n ureal
atent by strong mnrket Interests In tho first half of tho day, when' It odvnncoil
rrioro than 1 point to heave 11, but When tho money conditions bocamo tenso the
.jtrlce dropped 3 poinU.
After these declines n. ateadlor lono doveloped, with tho apeculatlvo element
-' ( looking for some eaalor money conditions .as It hud dono each day last week when
tho nupply of money wm steadily becoming nenrecr.
No ono Boomed (o know whether tho situation Is natural or artificial, bill
there were many who bolleved that tho tension won partly forced In order to
ftko tho demand for money moro urgent and onabto tho financial Interests to
jlaco fixed loans extending for long period Into tho coming year at high rates.
In ,010 lato trading call money yielded agnln and it was then assumed that
..tho urgent demand had been fully supplied. With this casing off In money, the
,arket developed a stronger tone and rallies wcro In order nt tho close.
.'inn' tn f i, ran
New York Bond Sales
Alhiny.A ftvi.
ilS "ntcr l-Ol 1H1
I imsr EATrM ft':
IHmttt Amr mli mm
IIW Anwr Tl rlt U.
I WW u 0 en 4H ...
o.
ass
. oo
2TIXV1
JBmw Amrt lc
Jflsh, txw. .m.
ir isr
h
lis., !
oS3 io?H iZ
h.k:i? 38 ,!?.. ill
i'JXS. "' lf i''t'.'.'
.Si0 AiehlMtj esn.-i" ...
oo tr it iPflo. . .
A m fim Ittlf
i Allan C.T f.ln!.Jl
0 fkijl A Ohio '
I "A
An f-v 4Ua
ii)oo ni v i. h
low mh ti rrd
liw llrooli lp.Tr
t(VU
..100J4
.iuy
VI
........ KV
iM Ra . - 101
w llrooli lup.fr . ...IiwS
mi . iij n inn lonu
cn ori 1MI loo.
io d r. i2t ei
'w no pq ivni
in
COTTON P1UCES DROP
DUE TO POOH CABLES
Decline ftt Liverpool C to 6 Pofnta
Grenter Than Due Political
Chnngci! Blamed
Sales in Philadelphia
Vtt
1
JOiuw f,'nt
- - ii- - r -'i i"- "-'
Vnl l'r itt ..
rkllf ,.HaM Ta
vim.. 3-"i'r' .-. . . .
Unld conr B
;
SUOiW CM
Z3JCXK) Clii
1 000 flA A
1000 Chi A Allan
31000 Chi lit Wnt
coog qni Nwn. tn ...
Siooo Chi II u Joint it...
.IWH) Chle t Si l 4Vk. .
lOOOO rfo 4 1025
SotHI lo run 4
U(K0 n ronr.to
m sow ro en r.
IlWI cr 41)1 ....
400O do n Sji .. ...
.auw w HI l"l' U.DI...
Siichki ohl ft t l rfd
30000 da n ct
if wmr a a i
umi cm n
In
los..
Tl
corrnx hrar.r wiMinnt coNntTio.N
..KI5W VOBK, I). V-.TI irMitnfr
ltllen In ik lln tl thin rownlnf rrtt
ttjt mltf4 rltiiriiHrr, . . ,
. tS folllf pwrfrlnr trer Ttttiti I
AbTllU. Sit AntMl, Jpi Aklnhom. 4ti
nlUh..llllmlrltn 11M fUmn. 4i ll""i-
III ami lhrlfln, l AIUala..TNini'
till )) Aiilln,,Hl Tsmra n4 dll
ni BSi Ifl III". Jlontwrnrrr snd J
lnrn. Ml rrl Hmllh. Mtbll, lllrKSIni
hm unit J,VenTlll. '! IVntta, NIh
title snil Jlfrliun, Ml ir. Orlran. Vtk
hart, ilrmshlii. Utile JUfh. HenMnlenl
i4 shrettiMrt, l Cetpm Chrlitl and
uairpvion. o
tlier wat
Kan Anlenle.
,01 lath e! rrtclellaiten al
24 ala
" S.' '
?ol Indualrlti At. ... ID
mm Col a Houth ltt it... AsH
ia... im
Ihi
102
1
,MW1 J Jl. .
i)ihi Pin, of 1'arlt
o.::
81
ROAO Cnmn fih t10 Ad. ... R.
u i:on rev a- i. Hit lui.inm ini ioik
looo Oubn-Ainr Hntar ot.iOJH ioj JOJU
Jtu.1 cenv t ..1? lar i.?n
llln Or 4 "IS S14 Sl4
SOW :on
llHWl rl a
Soon ln iim Or
jnviit ao rja 01 ..... .
SOOO m tlcur Corp 0.
1000 MTtn V A U ron (It
laooo Krl sn 4t
Ifiooo An ev Hrr II...
4H00O ilo cV 4 Htr O. . .
00( do cr It Mr A...
.noon llii.i 4 Man In Bt . .
17000 on rfd Rt
1000 III Hfe.i rtb ityt ...
(I TOO indltna Htetl At .,,
371)00 inurb Mil IHa,,.. .
S40OO Inttrb n T rtf Rt..
lzoou Inttr tlr Mar At ,.
lnuoo Inttrnl I'tprrAt ...
fiooo jtp new s t Kit. ..
iUil'H, uo nw 4t
UK
lOOn Kin Hl Hnnlh
(HHlo lrkl Hlf
nH A9!(
.10JH i07H
: b fa
i.V 3
tnsS
OH I
loi.S
o bond markot tovod In close aympathy with prlco movements in stooks.
Soma of tho rcorgnnliatlon issues woro notlvo nnd strong, howover, with Wabash
Terminal first 4s attracting most attention because of heavy buying-, on -which
tho prlco moved lip moro than 3 points. Hock Island Issues were also In good
' tlemand. J"oregn Government securities werqjwlthout Important change, Anglo
jtroncn Da selling ai V3ft io Ul',4.
20OO
AOOO J,cld nt
.l"VU i.
ilfl St 1050
irlrlii nii
l)lcli Vl
loour
l2
$30,000,000 More Gold Is Comlnp ; ,
JJBW TOrtIC, Dec 4. It was learned nt tho offices' of J, V. Morgan & Co, this
afternoon that an additional 150,000,000 In gold will arrive In this city beforo the
nd of this week. No other details could bo obtained?'
1X000 Ixiulai A N.h 4a
33006 Minn Hi v a H M 4a.
almtO Mo Kan a T 2d 4t..
0000 itn 4(4 1
4700O .da wl 4t
S0.1i
I In
Boon
!!
louth iti ') en
I tt ID2A..10IM lot
so loftjt jot
I lit Oa...lllli lOI
4Ha rr. .101.. inl
m
n..
tooo . da wl 4t ns
booii Mont rowr .,. .Vu
0.100 NYC Hud At 114
1000 rto SU. 8.11
A(IO(l An Ra U!IU
sitooo do 441 ., Odft
j"i, r i.ni a di u 111 i, m
iihhi rf T city tt mop
n:
H(
'.at
f.000
loiimi
NEW YORK STOCK SALES
.1112
do lit! 10(1.1 Ill)
lOllOO In lllj IDS), 1011'
lono (In Nov 1UR7 10OJ
3000 N T N II II ll l64 77
35000 dn Ot . . , A 1 IS
19000 77 r Itwy ad) Rt ,,., All
33000 N Y Til Cttl 4H ... tlO
looo Norf Writ 4i ..... nn
BOOO Nor 1'ao orlor 4t ..... U4
100OO do tin St 07
1000 Ohio CI Ilia tltt IO
3000 Or Hhorl J.ln. rtf It. U3
COO do 111 fla ......... .Iim
2(i()ii rae ()a nt , , . S3
7000 I'.clHo Tel U .......101
1000 linna.4a 1II4S vu
looo .In Ui ID21 lot
7000 Tro Mnrquttto Bid 4l Si(
lono 1'CCtHII, 4Ha Ser A,102H
Irwui n.i(. m. M l K. n',i?
a!!
NBW VonK. Pee. 4. Business was only
moderate at the opening on the Cotton
Exchange today, the tone being easy and
prices showing declines of It to II points
in ins active itsues, wun tiepiemDer tiown
II points.
The leading Influence was the decline In
Liverpool, which was I to I polnut greater
than due. Tha Hngllsh market was af
fected by the pending political changes.
There was no special feature to the trad
Inr, a prominent Wall street Interest be
ing a fair buyer, whllo one room operator
took the entire list. Other Wall street In
terests sold and a supply came from com
minion houtet. Liverpool purchased a
small lot of March.
After the call the pressure became more
general, and by the end of the flrst fifteen
minutes prices had dropped I to 5 points
under the earlier levels.
The early decline carried prices out 31
to It points under Saturdays closing fig
ures, or, In the case of May contracts, about
121 points under the high levels reached nt
the beginning of last week.
The pressure then subsided somewhat
nnd the market steadied during the middle
of the mprnlng on covering and scattered
buying for a reaction,
Trading was quiet on rallies of 13 to II
points on the lowest. While there was no
change In the general, average of southern
spot news, there was a good deal of bearish
talk around the ring.
The bullish average of southern spot
news helped to check the early selling
movement, and there was some buying on
an Idea that the technical position had
been strengtheuod on the decline of about
0,60 per bnle from the high records of
last Monday, t
The early afternoon market showed lit
tie feature.
Hot. clott, Open,
IXnmbtr .,.,111,08 10. S3
ZU.IMI
U.2II
no Ho Itwy
till Ton Del
Ilo Ton Mln
Il Vn Tree
030 v a 1 ..
SMI U H meel.lifln
10 West Md.. 31i
lll W Cramp. 0
1 Tork tty .. lHi
70
II
IIH
its
114
UK
UY.
7IH
JIU
7
t
H
is it
41
St
JOU
ST
tt
IS
47
4ttt
'.4
tt
11
SO
110
B 118
y
4JH
OIVi
14S
SI
01
14
71
i,
M.
44 H
110
tltt
45U
7414
Jltt
IS 14
It
IS
tv,
1H
Vt
i
W
tt
0K 1
i ltt
Iliad, Uw. clote.
ID Am tt Bug.Ui IM 1
le Am nys pf i ittt tt
IS inin I'nr. tlflti IBU14 ICOH
I0 Bald Iko. 1IW Mi '. ltt
110 n A B t f. II
isio Crucible Bt ett
sto Cam Iron. 4 4 it
1 Cam Steel 13d
10 Cal Petrol. i7W
mCOW pf. 45U
loo ConTrNJ T4U
4 IT Elec fltor. 11
soo Brie ltt
is ins Co N A IT
10 Kenne Cop Rtt
I91 I.k Bup C. 41
111 Ieh Nav. . 7
Ilo Leh Valley li
1. V Tr pf 41
a Lit Schuri. 14
HIS ,Vsv Cons. 314
1 North Cent
Alt renna It It 7H
S I'n Rait M 01H
So ritts C ct. IS
140 Phlla CO.. 4JH
US do cum pf 41
14 Phlla Kleo isl
leno P Itap Tr, 17 N,
11417 do tr cfs is
31 Phlla Trao SOW
l Beading... Mitt
10U
41
Sltt
n
41
14
10T4
SO
IT
Sltt
88,
4 ltt
48
14
Ttt
H.
10
110
tt
.
tt
za
tt
tt
-1
1H
W
tt
tt
tt
BEST PRICE SINCE 1913 FOR P. & T-T
, TRUST CERTIFICATES ON LOCAL 'CHANGM
Mbst Active in Trading, With Lake StiperiorxCorporatio J
.JNeXl mjJveiiiBiiws ut J -o -fxi Aim-row
Throughout List
--itt
i ,
Att
Yt ....
4714 tt
Oltt tt
114Tfc I
31H tt
V4
II
January
Mtrtn
Uty ..
Julr..
October
Hpot ..
. .30.011
. .3D.S.1
..3II..-.&
.zo.ns
..IS.BU
MB
.30.1
SO. 57
'JO. 17
18.43
llllti.
10.10
30.117
30.30
30.RI
20.81
IS. (13
lxiw.
10,71
III.KH
30.00
3II.3H
30.30
ls.ao
Oloie.
10.SO
30,117
30.31
30.RH
30.R3
IS.S5
30.10
40 30 ;io
lt Wi H
HiS 8
3d am Mst
oo ok m
07 07 07
I07JX lOtH 107
M 0.1 Ki
78M 7Mt 78),
J1S 118 118
IBH 17 17
&t!i B.T 8.1
28M 28 28
62k rail EM(
oui bo suh
11 11 11
61 61 CI
118 HUji U7H 11SI5
.,....,. viii vuii i"(i?i vnji
81H
OOM
70M
ijit. a.-oo
time. Illch. Iw. cm.
Adrltumety IDT. UUi 10H iiOlf
aar iiumeir pr.. .17
AlukaOM H
Uila J d M K
AIIl-Chilmif Mfi 3ii(
All'i-Cnalmen Jiff pf. ., 00'
Am At Chemical-. (U;
Am Deet Sagtr 105
AM Can, , KiH
Am Csr A l!r. , . 7fi
Am cir a var pf. lia
Am IIIJ-& Leilncr. ... 18
Amlllda!. pf 83)f
AmicoSccofltlM..,.,.. 27M
Am Llnieed pf r,2J.
, Am liicomotlre 1)1
' Am Halt Corp'n 11
Am Hill uorp'o pr.
Am Smelt & Htf...
Am mlt Pf n
Am Boj-sr liefinlnf lioif 117lf 117 117
Ara Hied Foundries...., 07!f 00 f8 0
AmTel4TeI.,..,.....127;i 127H 127JJ 127K
jiraiootcco,. .,.., ...jib aiWS 210i 2IDJ
Am Woolen , MJf t fij m
-ftp Woolen pf 08J 08f 081f WU
aiu niiunu viper PI... tKi, 07ii
AmZIi&S 8)4 01k
Am7,I,Bpf 60 8I)
AnaeonOM JOOK lOHf
Aclitfd Oil .. C0 71U
AwoTopiH y.....,..J00)C lOOJf 100H 1001$
AkhTop8 1f pf.,...100M lOOlf 100!f 1001.
AUCOaitXioi.. 123 I23M 123M 123H
f,i uuu a. y i ...laiJi
AUOulf&Wlpf 70M
galdlAco wkl...,.,.., 70H
BtlL&Oblo fiTlf
BiItAOhlopf., 74J
BrcokljaltspTr.,,,... hi
Sums Hros. ...... ,.,,. 85!t
SottO Bup.. C8)(
Cl Petroleum ,., 201f
CiU'olroleam of,, on
.Cn4dDl'aclfl8,.,,....108)108J 107,'f 108).
0, J1"ier 110)1 1UM 110 110)f
"aadler Motor, ...Il0)f 114), lis 114H
SJffAOWo,. 09), ,0)1 09K' COJf
Coicuo A Alton... 10 10W 10W 10H
Chi drest Weat., IS 15l 15)7 lfi)i
ChlOret Weatpf...... 45 454 441 45M
.CWMliftBlP 04 IW ttlS Ollf
eT, n n 5 St t P1"""'20" 125 125)
ssxr-'i": ion o 0111
SiPSeiUv' s,- wi wii
Cht& NoilhrMtra....l20 120 120
CentrUofNJ.. 203 310 300
SSili18" m38HI 40 38
Chlla topper JOi 34)j 33)1
S1?.??!!? 70 70)f 00).
CoojoHdauxl Om.,,.,.,133M 137 130
-vn n it a r iui..isan lsojf jao
(Vlrn IMn,l. Il.r .,. nnIS .t,.
Tt 8:00
New York Air Ilrlke.. ..170 175 176 175
setr York Ceatitl 100 100 108) 100)f
'Nor Yotk Dock 20)f 20 20 20
NY.Vll< 08H 69 57!f C
NVOaWat 3.1H 34 am .13
Norfolk Southern,. ...... 25 20 20 20
Horio k wwiem 4tM 142W 142 142
orfolk & West pf 85)$ 8(1 85K 83)1
Nor h American 73)1 7M 74!f 75)1
.Northern Pacific liiu niu niM
145 14,1 144 144
.131 124!f 117H 110)1
03 03 95 1)5
.lOOIf 101 100)4 100)1
. 07)f Tlit 67 flilf
. M( 48 40)1 40J(
ui
122)1 122
70), 70M
77J 74W
87)1 87
74H 74Jf
83 f5
8V 80J
7U( 00)1
37)1 20)1
09)i 60)
am
81)1
00)1
71 H
122
70)$
75)1
87
74)f
S5
SOW
70
27
t8J
50 A.IH
116 115
80 83
Si M((
l:OM 133
OOJi 6HM
-11)1 33)(
64
116
80
83K
1.13
50)1
33)1
111
45
8011
17K
3DK
2.12
3.111
84J1
Ofl.'i DO
07 07
4,)1 40)1
43)1 4.1U
22 22
38lf 38
63M 63)1
44 43),
85U
124)1
220
081$
00
0T .
40)?
. 43)$
22
33
C3)f
120
.70H
lis
6SI
120
310
61
asM
33)1
GU)$
7J$
137,
Corn Products Itf. onu nju i,
SeSiSPS-"f "9K M o mi!
uwmora out BOM B3JI
Crocllil) 8(oel pf i-ji Vjii( is,'
OubsnOm 8iigar. ,. .... .216)$ 330 22tl
wioa uas sojsr 00)$ 001$ 07tf
.uva- K.im PUtr m.... VJ
Dn& CtH-f.t.. 67
Den&IUoarpf 40)1
BUtBlKceCorp'D,....., 14
UamiMiaef. 21)$
Etle...., ,, 33JJ
LVla Ulpf... &tjf
Brie 2d pf. -t.iu
GeeerrJ ifototi pf,....,U)$ 120W 120
S5SS--; .'0Jf roM om
aisabir Csstol....
Ore I Northera ni.
O N rf lot of prop..., 41)$
uitM-Cnusea 62 63
Mlaote Central.,,. ,103)1 107
JsipCoaoop .,... 71)$ 3
JaJAllUtarlpf.i,,. 62J 62H
HS11 '': 12
1st 5 Corfu pf... 74)f 74J$
.-jstjl''' ,.... o$ 07
MflCKT ( (31..,,..,. 4011 d8 48H 4K
"i" " J'ft'..'l.M 116)1 115)1 110
.ivirf,.,.v...no ioo loo loo
JCrfrSpTtfo.,.,. 741 ,fi mm J'
o a 0
, 6SJ$ 60 5?K ftg
" 101H 103)$ 101
,112)1 11m its -if
M 97M 37J$ 3M
.12a 1MU l32 iSif?
iS6-; IJWi -3.l 1WM 1WM
r.- ' oost ea u&ii
.. 74H 74 ,341 784
t B . t tA , ,A ii
a-...-. 0474 as h: m
NovaBcotllH & 0..,,
Ohio CIIIm Om
Oitcm Botilo Mich ...
I'in.Am IVt AT pf...
Tim imuroau.i, .,
l'MUCo ,
rills Coil oof dp
litis Coil pf 0 Pf dp.,..H5
I'llts 0 0 81 L 83Ji
l'icwod Rlcl Cr iu
pu8 Corp'n N J. .....1,13
Iljr Steel 8p 60)$
ItarConCoD :n'
lleidln... jn)$ U2K 111
Bepublle ; Iron & 8 80)$ 00K 88)$
seaU.rd Air Line iof 17)$ 17
bribosrd AtrUnnpf.... 38)$ 30)1 30
Seaw, Itoebuckft CO....230 232 233
-Afl-'C0D.. 33J$ 33)f 33
BoulhtrnPselflo........ 100)$ JooJ$ 1001$ 100)$
ouuinera 1 . 30 30H 20 20)$
floulhem Itrpf. ,....,. e3)$ COK 00)1 00)"
Sf ,U151M" - so1" - 20
SudebikerCo... 120)$ 1311$ 119)$ 110)$
Biudstoktr Co pf IWH 110 110 110
Tean Cooper 24 2ll 211$ 211$
TeM Co... 207 237)$ 2.15)$ 235 $
fMi'fc 1HU 20)1 18)1 10)$
ITdrdATenoe 48)$ 40 40 40
looacro Product- 64 67 64M 65)4
101 8t I & Wnt 0)$ 0J$ OH OK
TwInCltrllT oV 051$ 05 03)$
Untonllai ft riper.... Hlf i3j$ 13J$ 13J$
Unltnl Fruit inn iivnV in '"
Union Pleifte... 147J$ 148)$ 147)$ 147)$
" g , f ', V Pf 04 05 65 05
mZtxX, ':::- W 'S.i '
Vt 2 SttSS t : "MM -07 05)1 B5)$
UH81l'lVtpr HI, 'i -"K
S8S&&v;.r:., ,lu0 ,ff4 m
.,.. MSJJ "1 "1 '.M
ys.CroChem.','.'.V.'.'.:; 4S)$ 40)$ 40
Wsbajn I- mi, in
WPJA 00 60)$ 60
WftbubprB .,, 321$ 32Jf 311
Kr, ,,u,, ua 103
.,, M M, ..,. . ,.,,.. tj4)i CUi
Wwttrn JUrhnd 31 32)$
Wl A Lske Krle 4 0)$
Wheel A I, K lit pf... 7 flit
WheelAMJaapj 4 gi
wmto Motor " 441$ jsSI
WUln OretUml 36)$ 80)1
WUUi Orerlind of u og($
Wotlhlnetoo Pump, 84J1 85
Wotta Pump Pfn.r,.: 01 00
370OO Itttdln n 4t
nunii iip 1 u at
3000 ltwy nil Bnft St 1031,
mm(, m I, I l al
100O do Uir 4a
I ftn Ds.
I".
103 l
IT
4000
4o) n
IASOO Bo'
1400(1 SI I, a H K )
15000 do in 4t ., ,
S2000 ilo flu r A ....t
OOI, ,lo Htr 11 .,,,
A-4i A I' lit 4
A Unn tdl Si. . .
Houth Pin 4a
IIUIKI ao CV 4t
4oiK ,to cv ret r p 0
loom) . da rfd 4i .;.......
3000 South Jtwr cm 4t...,
10000 do con St.,
5?!? do nitm 4 ...,..,.
21100 Ttrm Ann Ht I. fit...
noiiu Ttxtt uo cv oa...
.3000 Third Ave lit Ot..
lllflOO Tol Ht It A W 4t..
8000 Trl-Clty Ct ,,
400O tilth 1'owir fit,,,..
3S00O ti H ItttUr Bt...'.
flOOO 11 H Ituhbar Sa.
S1000 1) H nt..la t n,:.
Ill
cay.
I
P
.71
104
10(1
Ik
341000 U K 01 O II a
33000 Union fto lit 4a.
100
JStt
Jill
101 '4
IOiiU los
US 11-10 v
VV VD
l)U vnH
1031, 102
IU
1(1
k 31(i 38U
') 100K 100S
U KioI ino
(4 78)1 7S
031$
31)1
4)$
8)1
4
63J1
36)$
W)l
35
60
25
49
10)1
60
30$
Hl)$
102
0.1)$
32
0
S!$
Oil
B3J$
,iat$
00)$
35
GO.
.1011
::,K
,,101
. . Hl
.. 76
ion
. . 1U(1
I St.. UN
.... uo
KOOii Vn Car Chm lit Oa... vu
SOOO do On 102'
BBOOO Wnb.l'T ill ct full 40
BOOO dn a o ct t o M
loon w u i cr Da notet.ion
inood wn Union fii loo
3100O -VhMllns 1, K 4a,,. 7b
FOREIGN EXCHANGE ,
j NKW YOnif, Dec. 4. Tlie market for
UorolKii exchnnco In the early dealings
today sliowed dullness, with some classes
Inclining downward. Ilelchsmark cables
wcro quoted nominally at 06 H and checks
at 60 E-16. Tlubles were. a shade under the
best figures of Saturday at 20.65 for cables
and 3S.ES for checks, Sterling shaded Iris
to 4.76 T-16 for demand.. Sterllnc uhlan
were unchanged at 4,78 7-16. Scandina
vian kroner, pesetas and Swiss dleplayed
steadiness. Vienna exchange was quoted
at a shade above' the low record.
quotations; Demand sterling 4,76 7-18.
cablet 4.76 7-lfl: 60-ilay lillla nominally
4.71H, 10-day bills 4.89U; frano cables
S.Wik, checks B.11; Swiss cables B.16U.
checks 5,17, i lire cables 6.74 W. checks
8.751 r Vienna cables 11.82,. checks 11.80;
Scandinavian kroner cables 21,50. checks
o,,u, iicnuiyi caoiea nq.es. checks 20.55:
guilder cables 40 11-18, check 10i ! rubles
cables 29.88; checks 29.55.
In the early afternoon the downward
movement In German exchange was re
sumed, accentuated by higher rates for
local money. Cables were quoted at 88 1-16
and checks at 88.
Th market generally turned easier.
Liverpool Cotton
I.IVErtPOOIi, Dec 4,- Spot cotton today
wis In moderate demand and 33 points
lower, on the basis of ll.SOd for mldup
land, The ssles aggregated 7000 bales. In
eluding 6000 bales American. Tito Imports
were 9000 bales. Including 5000 bales Amer
ican. The market for futures closed steady
at u net decline of 15 to 24 points.
lioNli.1
lllsn. lxi.
11000 A O AB6s l)i
1000 Datd I.oco .
1st Is , .104H
1000 City 4s '31
rrg ....101)1
1000 Klec A I'eo
Tr 4 . ., S3
100 Ijko Hup
Ino 5s .. 41 Vi
11000 Ieli N cons
I '.it ...143
Iiooo IeliVcnns
IHs '03.100?.
8000 Pa Co gen
IHs ...lot VI
11000 Phlla Co
cons 6s, 01
iooo m kico Csioou iovi
11000 Head gn Is 91 ',4 . tty,
4000 Span-Am I
6s .....101
10000 Un ltwy
Inv 6s,. 70
1000 Welsbach
Co 6s .. 00 )i
12000 York ltwy
1st 6s.. os.;
S3
I4W
Cloit,
0W
1
w
Nt
chte.
w
oW 104V4
ioiv. loin w
si
H !tt '1M
103 101
H
iooi loot;
toiy, h
101 ii
otsfc
oi h
io)i iu
,0SY 54
102 102
70
oo y.
Oltt
70
BOVi Y.
oH n
In the trading- n the Ph ladelphla mock
Kschange today Philadelphia JUpld Tran
sit trust certificates contlnOeO. the tnost
active, advancing to 21, tho highest since
11, and a nln of H as compared with
Saturday's close. Nothing new vro heard
regarding the affairs of tho nr0,. ?
count for the continued strength, but It Is
known that the earnings are eomparlno; very
favorably with the corrYspondlmr period or
last year. Union Traction, on the other
hand, wss quoted unchanged from the close
of Saturday. .
Slovements of prices throughout the list
were very narrow, and In very few cases
were the changes as Urge as a point. Con
solidated Traction of New Jersey wa on,
of the exceptions, selling up 3 points to
74V. 1-oke Superior Corporation stock
wss the next molt active of the local Issues
after Itapld Transit and advanced . small
fraction, but declined later, closing weak,
with a decline of more than 1 point. Phila
delphia Company common gained n full
point. Lehigh Navigation lost ltt In the
afternoon. Cambria Steel came out late
with a loss of li points.
United Slates Steel common came out
In considerable volume during the morn
Inr. The Street heard that the Novem
ber statement of the corporation will show
shipments of about 1.300.000 tons of ro led
steel products. The November output of,
ingots win total aoout i,7op,ooq tons, wnicn
Indicates n production of about 1,360,000
tons of rolled steel. This would be at tha
rate ot 61,000 tons a day for the twenty-five
active days of the montn.
Officials of railroads operating eastward
from Chicago and St. Louis report no Im
portant change in the traffic situation from
that which has been reported for a hum
be r of weeks past,, and everything points
to a continuation of record shipments, far.
on Indeflr.lta period.
lite volume of business is .tilt dtimtl
by tho supply of aValUbla mllh8
This applies to ihe situation both Vt!2'
west General business hrou.t,..
territory covered by tnM8 r,, j
at n hlih-water level, belnr rtm.,,1?"a!!
tho great activity which prevail. .- ..
manufacturing districts east of ChteiJ
Officials of southern railroads report iL
warilithn Honth flnrt ,.. j . , -tJ
an Increase of 2 per cent over lit T?!
whtn It wa retmrtnf . ,. J ''';,
lime during 1915. . ,n"n " "'
I
s
Paris Bourse Steady
PAniS, Dec 4. The Bourse was steadv
today.
Sugar Futures Steady
NEW YOniC, Bee. 1. The market for
sugar futures' opened steady today, un
changed to an ndvancs of 2 points, with
sales on the call 260 tons. Sentiment
around the ring was still unsettled dut to
the conditions existing In actual sugar, and
while the tono tn the' street markets
seemed n little steadier the general feeling
was also unsettled and operators on the
exchange seemed wilting to wait for fresh
developments.
Tax Frto In TVnni. Free of Interne Tax
EDDYSTONE
(Delaware Count-)
Improvement 4-s
po Julr 1, 1DI. Options! 1018
Met d'bt Iris thin 2 of siatttid valuation.
Price: 104Ve and Interest
Legality approved by
Menrs. Townscnd, Elliott & Munson
Legal investment for Trust Funds
Martin & Co.
1411 Walnut Street
Philadelphia
3
I
To
Individual
Investors
We maintain one tUndarrj of
tervice, uniform in scope and
eflidency and particularly
adapted to the requirement
r.i .- , , .
w ino inaiviaual inveitor,
resardleM of the amount
available for investment.
our rurr-nt ctntral lint Pi.j
will b tenl Upon requeit.
TheNationalCity
Company
1421 Chestnut St., Philadelphia
New York Chicago Sta Frtnel.ce
"""a rittibnrth
i
I
8'
sai
HecKerCo.
BANKKM t
and f
BnoKiu l
& CHESTNUT 8T N. K. CarM
FI,Ml. . . .
tV aona.ni'i
1th
lf.mh.ra at Thlla-
Otrc Wirt t
Tork
Bathleham Steal
Purchata Money 5i. J. a J,, ok
REED A. MORGAN & C.n
.JVE8T END TB08T BI.DO., rilllA,
JJloelc Kxcbann
2tmbera.f tho l'hlla.
Free of the Normal Federal Income Tax
RATES FOR MONEY
LIVE STOCK QUOTATIONS
U3H 113 113
.....IWI iltwt lljf I00i(
t-I.O IU ! IIM
H )i 44J1
63 M
17T1 170
loan 107
T01 71M
124 121
7iit 7iSf
OUS lf M
BWpaii IWH
1ft .7.r.'iOTfc5fi'JL..fotooo.
h....Tru,jn:vf.r .1"iMtrs,
:hT",a".',;li'J'.".''.' fraw .
titetnt w
ttrkitt tiow toll'
. I1MVJV IU.40
""itt.iiMVs.ej j pi
vw... V,.U Vp-.HII.
Tri.K..llM..I.,,. miuu ...
' . -- .--', ... vw.wu. u.ri.ri ...bam
fcff.,r!j.ssj;sj.Wi.-:i
- m. i.:...".av.r"'-."-' '
..ClilCAqo. D
IB.!
e.ls; Xulk. 9,l
rpuirti
Pitt.
It
WSb
tSu.w. "". l.sat)i.Jr",
Hj.n. I4.70O
XMkvkaDtiU...;
Wll
Cu.......
Qm. . ......
A Watt...
tt KskbTUe ....
ViMi.
& itfUtlA
j
r
mmmm.J ' ah
attMirlJ; J1...- tut
itk b. &(L. r -' Ti"
aaa stsbi aa. lm-
mnmm
"llf
la al.a.1,.
Itiabt, l.6
Chandler Motor Declares Extra of II
NEW TOUK. Dec 1,-Th. Chandler
Motor Company haj declared th regular
quarterly dividend of i and 'an tr pf u
a snare.
BAR SIfcVEIt
at rn J?V1l4 'R Inl0n t0Uy'
DIVIDENDS DECLARED
.-...,. Uw MMOMB7, rttlUar uml.
Ufflffi."'.v..y.
Ilottoo ,.
Cblcavo ,,.,'..,,,.
U-JI7I41, tr UiH
!-:i
Call. ,
thr
nr cnt.
SV. OI I
io m monthi,
I t!4K
, m
- . in,,
, ftp
'A'f'1"
:fer $3,000,000 ;
.', "' Consolidated Cities
Light, Power & Traction Company
bo Gold Bonds
Dne July 1, 1962
BANK CLEAMNGS
Hint: ciurinai today romparid
apondlnf dar lait two aril
mio.
with
corrt-
5 tlllt ISl.USl.ODO IJ0.S31.7I0 110 JilSlfl
oiten 15.701 o 22 sinus '.':;$'?
,.vw,,,yw
u.iaitois i'2,tei;B:a
$500,000 In Gold for Canada
NEW YOItlt Deo. 4. Hold coin to the
amount of 1500.000 has been withdrawn
from the Subtreaaury for shipment to
Canada. v
Htiia&e
Imiilran 11.. .... -i : . .. I in" a
ufiriYTa "& SnKZZun!.W- inns -Uaaki.
Miaber jo tott f ti&ill&Zh&fYf " T Tho
,PUBUC SERVICR
SECURITIES'
C, Daluquo Elec trie Company 5
Itt Morttfatfa Gold Bond..
fl. These honds, duo in 9 years, ara
an bioWlit Ml?? on the. entiro
eleetne lifhtinrf, power and itwet rail
way iystem ot tha CitofDubwque,
la,, and vit iniry.
C Net sarnini (or putyear in execis
of twice tho hoed intereit. r
fl ifTh Company, in io far as it law
fully may, stress to Pay tha Norm.l
income lax.
nveitmcnt for Mains Sari-
Mr
.; .
Dated July 1,1912
Coupon Bonds in $100, $600 and 51000 Denominations
Hedeemable In whole or In part at 105 and accrued Interest, on any Interest date upon three raonthV notice
Interest Payable January and July 1st, In New York and London
Guaranteed Principal and Interest Unconditionally by Endorsement by Cities
Service Company
Outstanding $10,000,000
Bankers Trust Company, New York, Trustee
-HUly2S!ofr th omierahiP ot a Ia8 W of the public'
ServIcoInCo)mpaJny?r':l913' the Consodate1 CIUcs Light, Power & Traction 'Co. waa acquired by tho Ciilei
' SINKING FUND
BMnflA'fttiSS&X'. ?4'00'000 bDdS oA f the b0nds ff m bo retired.by.tha
. he Guarantor, the CITIES SERVICE COMPANY
endorsement, f.ScuiUyP1,n0 "" onda, principal and intereat. by.
79 public utility companies " K TO VaalP f.nd Pr
companlea or year yindlnir December si. lots ? ?iwmii a n,ii'IonJ' 2SS.?" ?ninEa of all aabaidiary
Sra! iSSSTA conierUlR
Net earnings of the Cities Service Company for the
tt
Ol
8
?!
anies owned and nn,mM i,.
iflcial cag, electric licht and
-J - - -att-wtt.
3 vhi viiuuig- uciooer 6i, iyiu, were S8 001 569
debentures -. ..n net.
Interest on Notes and
learnings applicable for
lionds
interest on Guaranteed
bff?M ma1110 "PPimately i5times'
the $500,000 interest charge on the above Bonds.
340,069
?7j61,500
FedsrJ
mt
m
t fi
w- mn
lm ifi
Mm im
f
w
47
31
m
l
Wrick W . HKKKSY flTvalNWIA
ts
-f lb laMunM. ..u.!,.!"'!1! -
a-5uT4iA.
aes lolitn? $rgu t
rcplscement value at tha nron-
ertie is estiintted over 53,000,000.
H Price 97 & Jat, Yield 5.-15
Bonded debt of Ciea Serrice Co. consists of 1M ii.. oa aa r. ... , . .
!WSiJBi.,Vt"rt n 110,000,000 Consolidated Cit'l iTM'W "'"S.".", due 1060, and
The eaminffs of all cemnnr,i . t-.i ,
pi nt .11 w...i I " juuub gj
and $13,640,000 actional bonds. ,4V"WVVW oaaMa CiUea Light, Power and Tractlpk Co. 6a, 1962.
, ui x. T11"!00 tho entire obligations of tha Cities Service Co T
which haw been guaranteed by tho Cities Service Co ro wSi' l
balaott is wjulvalent to approximately 6 tlm t-'L1.
1wrtttl5MHdM.
The Preferred.and Common Stoclts of Cities kerviV.. rnnnnu n ". .,
Bonds have a market value at present SSaW-wSnT' '"
Legality of Issue-has been approve by Bleasra. Henrr. Pnn.. HvB. .
Re
Loi
T
ires
peal
cres
tha
,
dow
urp
Li
ileer
Lean
ni
Cwcu
Hit
' ' : 1 r
' Jl L
islMiiih? cvAinpc ' ' rtA w,i . ':;rlll?
viuu9 uivnc ex LU. , HI.KMM & UVItm : :T &
Plri.AY?Sl(bing " -Membew PhUadelphia Stock Exchange Member., ia9RiiK.ii.Vc.a. It
". .w u cr. a Hnn ..r.xat naxva. tibii.Ki.Lr. i.n W3 . .a - . .. .w.. ,, aimii.ira., -aa?afc .
icjttj uin -,.. -" iiiik uiu-.numiK'iimiM : i.u uiD.atar ism xt wainnt si. r.i . . .... xvpw rrt u i . MMfcHi -. ..-:. w
memimi. -.---. MLirM..,,- , , , ..--r,- -. . . -- -""'"- v.Tcri uanaine Cn" j'.rrr.;"-""" , - .'
1m15.lMrw TASH- r""- " "J,ILmi ' ' ' 'srTTT.. - w jotK Philadelphia Baltiaoro rkt,.J,8'xn-erHUJUDl " 7l
m j? laSfflm IUSCToax oif AcconirrANTa - """,t??r Chicago Board of Trade. , T4 A, . ? -iffll wt
!- '"Wg"f TnMWitta. VariitU- a-TSC-- i - J-- m.. pomt
ViaKssitvaa. ....
P4 V$nghtif. THs . uiWrnMnrra ' s- ,,, - . . m .Mt. only
??mm,?mi"
swmm....w
iS-.;
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S? Ms 'iJfei
1 194 li
Gw9Ikshh..HP . flf fTrf ii.an KsBc.HaliHHEJJl..H9