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EVENING. iiEDGBK-PHHiABBLPHIA', WEDNESDAY, DECEMBER fl.Jtjjg
'FINANCIAL NEWS
Wu
STOCKS WHICH ARJ3 GROWING IN FAVOR
GO TO HIGHER LEVELS IN WALL STREET
Reorganized .Railway Issues Come Into Prominence.
Good Advances by This Class of Shares.
I Money Relaxes
NRW YOItrC, Doc. 6.
Although the mnjorfty of tho Benfrnllj- ncllve Iihum were neglected In today'
took trading, ninny other nocurlllcn which tire now growing In fnvor developed
pronounced atrength nnd wero estnbllhcd nt materially higher Irfvela. Thl
dlvcrnlon of peculntlve- Interest nhd of buying power In iiriiaI on Wnll fitreet.1 At
times trading In entnbllched mnrkat leadcru lwoornca nlnlo nnd tlicmo ntockn nro
neglected In both iipcculallve Venture nnd bunking operntlonii.
Tho most prominent feature, of todny'n trading wnn the Increased prominence
obtained by the group of ntockn deolgnated ni reorganlied rnllwnyn, Prominent
banking Intercut nnd large operators often Identified In Industrial affairs have
devoted a good part of their business energy lo these properties.
II was n matter of gonornl understanding thst K'ulin, l.ooli & C'o. have hud
most to do with tho accumulation of Missouri Pacific's old stock and bonds
nnd of tho securities to ha Issued under reorganisation. The old slock today rose
inoro than 3 points, selling nt SI, whllo tho new common moved up from 3Si to
884. Whecllnrr nnd Lnkn Krlo stocks wero nlso dealt In on a large scale, and
there was n, steady demand far till tho Itock Island Issiicm both on tho board nnd
on tho Curb. Tho Wabash Issiim nlso found banking support. Nearly nil thn
Aggressive buying In the Hock Island Issues rnum from Interests nfllllnted with
liny den, Storm & Co.
Thcro was llttlo chango In the market position of United Htates Htcel com
mon, Annconda, Ilendlng and Union Pnclflo. Homo speclaltlon ilovelnped strength,
With Atlantic, Oillf and West Indies moving up from 12S lo tho new high
record of 131 H. lMttsburgh Coal wan nt"i n strong feature, mnklug n gain of
about H iHilnts anil selling nhovn B7. Thern was pool manipulation In Corn
Products, which up to nlimo 2!),
Tho money nlrlngency, whlrli ruimcd market illslurbnnrn for more than n
Week past, was followed today by pronounced relaxation, with tho rate dropping
to 4VJ per cent, after ruling ns high ns 7 per cent earlier In Urn day,
A firmer tono was shown In tho bond market, with a good deal of Interest
attached to tho trading In the low-priced Issue. Colorado Midland 4s wero traded
In on n largo scale, advancing to 19, and Oreenn liny lis, which linv been
traded In n largo rtculo for hoiuo days, advanced to 17T;. Anglo-l'Vench fid sold In
large blocks as low ns D3. City of Paris fls weru stonily, with sales nt DC to 9fi.
$3,000,000 Cold Arrives In New York; $11,000,000 lo Philadelphia
NKW YOUIC, Dec. 0. IoIil to thn amount of 13,000,000 has been Imported
from Cn inula and doposlted In tho Assay Ufllro and 1 1 4,000.001) Iiiih been nhlppcl
to the Philadelphia Mint, all for tho account of .1. 1. Morgan ,t Co.. mailing tho
total Imparted from nil sources olnca January fS4H.nuo,ooo, according to revised stl
muto bnsud nil official figures brouglit down to November IT,
Micivnle Steel Directors KxpccU-d to Declare Ditidcnd on January 5
NKW YOIlIt, Dec. 8, Tho directors of tho Mldvntn Hleel nnd Ordnance- Com
pany will hold a meotlng on January 0 nnd nro expected to plnco tha stock on
a C or 0 per cent per annum dividend basis at that time. Tho directum at their
regular monthly meeting todny approved thn erection of tho COO ton blast furnaces
adjoining the Johnstown plant of tho Catnbila Hteel Cnmpnii.
New York Bond Sales
Low, 3 u.m.
NTS MS
lli.lik IH.IU
1111 101
v.sS u.iji
imu imvi
US US
llll)i 117.,
lisiU 1MJ
inn -ion
IM . VJ
ltUh
II noon AlUny t, Hut 3W . "IS
duou Amir Ar cv am kmu
31-imiii ,iu del, f.. . . 101
AHSDfMI Aniln.M. Aa 111
JUOO Anur 1 1 IJ I. . IHIS
sjwii Am Furrim Hro on,. vs'
4t)ii Atn-r Hmll H-n 0. .,117.
Caoiici Amtr Tel clt 4a ixi't
-luuii 4 conv . ,, loo(4
MMtu ilo cu 4H , . Ion
:oou Aror lr (l , US ,
1.100O Amtr Writ l'at a ., nl'i
(WO Ann Arbor 4 , .... 18
tnoou Armour u u
SilMXI Alchi.on urn 4a . .. UlS
7fiOO rin adl 4a H.1t
loon ilo cv fia 11)17 , . .IihiV. lonS H"iji
SSUOO Allan Co ,1.1m 4Ua.. UlS U3i unj4
.SIMSI ilu lit 4 . lias uaj. uh'.
aw.xi.t .... ail iiL. 1.41 iiHfci
K'OOO ilo fta Inn).
isoou da 4a , .,.,..,. ua
Sr.duo do cv 4H ...... I"
i(HH Ilrsdan Cow fla .. :
r.mio lirooK 1U Tr t . ..lno,i
SIMHI llrank lln FAmv lat Ql.llJlU
Iuimki Can (lov 6a 1DJ1,, . VBI
3t
ao lirjn
i'iy
. l,ui
-103
mil
tihiii nn lirjn
17IHKI ilo tU.ll
2000 Ca.1 Oaa at ICc Sa
S3IMSI Cant Ixialhtr lat fta
JWHl Cani J'aii lat 4a , .
liUHlO Oiuit II II N JAa...
7000 Chill Copper 7a ....
2000 Chea A Onto C......
noon chra Ohio 1 14 a..,
S3000 do ronv na, ...... .
suuu do ii a uwr i.o sa . sn
I0OO Chi Ot Wa(.4a,., , 74)1
auoo Cnl a Nwn li hsS
1 0(H) do san 4a .... ... ItlVj
10000 Chlo Un Hl 4Ua.,,luOV4
I3UO0 O II a CI Joint 4a .,.. us
InOOO do sea 4a .... .. . U3S
cooo Chi ii a q in sHa..,. huh
4000 Chi M a Ul V rM 4',i 1)5
vvvi uii mvn tm ,
43UOO do cony 0a
.'()() do CP Ba..,
IIMKK) do cv 4Ua,
luinj no it an ana,,,,
SSUOO C It I a P rM 4a.
HIOOO do fia..........
4)3000 do Ba ct ona at.
llioU KlAK lu
......UnH KIlCJ to
luofS lnnK in
:000 Col a South lat 4a,,
louw ao ana
1700O6 Cllr ori'i
Ix
aria 0a
Corn Trod Qa 11)31.
nrarlana Tel
. iii-j
Till
. 7H
. 7S..
uS
sit.
unH
iii-j
77tl
77).
N
Cumh
Inisio Den a Itln Or 4a,
ivwt
ooo :
fooo ;
7000 do conv 4a Har !,,, Its'.
juuu uranuy uo aia ua.t,,,ii2
i do rfd Sa 0HT N
i Y) Tan V a a con Ba,.107H li)7
Kris st n 4a 73H 7.1
do 4s aar A ilsji tin)
4000 Often liar aer A,.
TW..
107000 do Her II..., 17 !i
Oil
10OO Oan Eleo SUa..
B000 llud a Man rfd Ba,
suoo Jlpcic val 4Ha.
il aic
Utael dab im
ft 000
Sooo
BOOO 111 Central
SO1
70
, uau
JojvJ
14U0O Intatu Mat lUa 71
S30O0 Jnterb H T rat Ba,.,, UH
11000 Inter Mtr Jlar.Ua ... niii
4000 jap now r a 4 .... si)
1000 do new 4Ua ,, hh((
BOOO Kan O U 1.4 a ..... 7.1,
COOO Kan City Ho 6a ... ,, UOH
4J0OOO Kan City Ter let 4a.. 8tf
IpOOO Kini-a Co IS L. a V oa or
1000 Lax a K Ba.,. 10.1
200(1 1. II t IV. .1 1.1 K.... nu
X00O Lid.,
ndlana Htael Ba ..
11 Central rM 4a.
DWHJ 00,40 1UOS.
LONDON 8T0QK MARKET
Firmer Prices (icncrnlly, NotwithHtnnd
IriK I'oliticul Crisis
LONDON, IJec, R Despite Hie political
crisis, the .Stock Kxrhnnge ninrkets khii
crally wero firmer today, nllliouuli liunlner
was not large. It was hallsvrd that the
rrronntructlon of tlis Cabinet would clear
thn atmosphere and Insure vigorous prose
cution of the war.
Homo rails wero Inactive. The group was
not afTnctcd by the Clovernment's pro
porals to rrorgnnlin railway uorklngs be
ginning In .lanonry, raising lonK-dlntnnca
fares In some rases CO tier cent.
Thera wus an advance lu thn gilt-edged
section, tho war loans leading. The rawnue
of tha United Kingdom for the week was
113,341,000 nnd tho expenditure fCS.4C0.U0O.
Including Interest on war lonns.
The amount of treasury bills outstanding
was Increased 123,414,000 last week.
Hnles of exchequer bonds were 12,
212,001), President Wilson mssiigo to Congress
resulted lu steadiness In the American de
partment. Peruvian, Japanese and Chlneso
descriptions were strong
(hipping and oil shares wers Inclined to
react.
Atchlaon
Can lao .,...,,
i ii.e Ohio . ..
HI Paul
i:rle
li let pri-C . .
Ill lniral
IfOtitav a Naah
Tv Central ...
I'enna
Iteaillns ......,
&a 1'ac
n 1'ao , , , . .
I-onJon N.y.
12.30i)ln eoulr.
IMS lilnu
174 elllS4
. . 7 1
Net
cba.
k ns
40V; SsS 4!
. B4J4 fl'.-ll U
.1111 lIMllJ
.lins ins! S
But! BAH fi
iiat. linn i:
SB 147 I I
Wi
Ktt
Htael Ba 11)30. ,)0U 101 101
4a Oaa let Oe..iulW 101J4 loi
deb 4a 1831..,. VU Oil, US
MTTI 187? la7 1S7
m
9Q J BA
1UUU IJf Ji
aiooo Lohr I. land rM 4
.tootf Eoflllard U .....
wu lunula a, naan ea .
.Minn at i- h h M la
4a..
JtOOJIo Kan. a T
BODUOO Mo l'ao w I 4a....
000 Jfon 1-ower 6a yv
4000 Mont Can lltey 6a,..,.lIo
IS60O N Y O a Hud'oa.,... its
T90 do OH a sr
15000 da 4Kb .US
avoij an n ti 4a . .. si
aooou r city 4Ua leej,; uj
1 OOO do 4itf B I . . IlltJ
193 N rl.t.a.V .. oiu
WNV Tel sen 4V4a.... UttXl
. port aoo
i Norl a, Wei
i d cv 4s 1
a: sum
Ul 1U1 101
Hit. 8S8 S
BO BO BO
ih tU Hk
OKV IIIW Untl
K vis 8K
V. uun uut.
H liofi l ins
ff I'tlr 'Is..
S hSW S3S
K IHI. Dili.
SI . SI
100U luuu
lloK iiiilJ
!8?S JUStt
UUU
IBl
71
8000
Smith A. . M.tf
Weet 4a ' U3 03 U
i..Vpf&rl9i..' m .?
UR.. n:-i- -.SI ."
,. BiiVJ t !." ..
n w n a h a. . oa
aclHo Tel Ba . . loo.
inaa 4a li . U95
uv sen K .na i'J
Cotton IJuytTK and Scllcrn
NKW YOlllv. Dec. 8. January Ilrooks,
Wilson, Norden, W. (lumoens, Martin and
Hyman bought; Newman, Itents, Ilartlett
und Dlckerson sold,
March Downs, Keltrcr, Watklns, Kulton
and Oeor bought; McKnnny. Ilartcorn,
llentt, Waters, I-elminn, Dnshford nnd C
1 licks sold.
May McRnany, Frederlckson, Ilurnett,
fichlll, II. Hubbard and Wentnan Iiought;
McPudden. Downs, Wilson, Newman and
Cardoxa sold.
July Nordeii and McEnany bought;
Hchlll and KelfTer sold.
October H, Hubbard, McKnany and
Ilartlett bought; Allen, Sinclair and W
Uumoens sold.
18
tSOOO do cn 4Ha . Jod
14000 ittjiJloc aeo 4a 3H
JJW do.ra 4a !. 5s7
JJOoJ Rep Ir .a H it . . .1UIJ1
i X a a ' sia 4 . n-i
ill5A-::v:".-a
BOOO Pt Loula Swn con Oa . oil
tfaaljoard A I adl &.. T
tnOOQ do cv 4a
2000 da cv rrt f n A.
110110 da rM 4a . .
6000 Boulb Hwy sea 4
qwj uu con am
I Third Ave rel 4e! .
i 2oatu oa.
1 SCI-J-lt!
SiSoa I) a Realty 6 . .
15000 II a ItuUwr Ce
rP-VWrfaft..
iliHX) tin Jtwy ifi .
auj ve car cum Jt &a
5000 V Uwy Sa.. ..
I Wlbalfa lilt Bat .
Wsli T 1st et r 9 O
Id c u ct t a !
iflAnA . ' "'."'-
JtVWU WSC KJQ B(J
J6-
TO'
BK) West Ud let 4.
i weal snore ea
t WtueUDS sLEII
UU14
ft
lu. . 10s
.SIR hJH
loo., loo's
iff ff
unU 117
.7? a - a
.tOIJJ 16IK loit,
V34, UJ4? MJ
.'10114 iota 1"
MV k ni
-J"! t!S& ,ofH
! 8 7oi
ft lh w
$ fr IN
H J4 VU
.fie ,JU8S ,8!
,b SS iS$ ,
7IH 7DU 7SK I
Mi'dvnle Steel
Submarine Boat
Steel Alloy.
Wright-Martin t
Burnett Oil & Ga
Bought Sold Quoted
ImI information on Ihtit
pitn upos reoueel,
E. H. CLARKE
Morton R. Alexander
(Itoaldent Partner)
1-teoa IMU Hpruro
Stock Exchange Bide,.
Philadelphia. Pa.
ST William Ht. New YorL
Kawatk, N, J,
Kinney llulljlni
I-KOAI, KOTICm
UXILU la UEIIC11V IllVrlS T1I4.T
is
All t
tba partnerahln aaaocl.llAn ., i.. 1
don Flower Bhap, limited, baa been dlaaolvad
bavins
raona oavws ciauna asalaat the ..r.i
" ffi "PW A""n.tJ'b?.".?.VaA.SlI M.r"
1UVIN M. HOSNtil.
IJouldallua- Truateea,
v ''.' ,M.;stnut H.
December 1, 110.
Tba underlni4 hava thla day entered Into a
,b. .iwAtf if&wftS'fflS:
JHataiu unEtr-utuit, ""
ijeccmuer e. eev.
NEW YORK STOCK SALES
tail
rtnee.
PS
21,',
70
l.Tf
8
VI
Arms Te pf
Adr itnm'ly .. ..
AIM Itnbtxr
AIMaOM ,. .
Alula J O M . .
Ani-cttimm Mfr
Am A( Chrrolctl. .
Am lied fltftf.,..
Am Ran
Am tUf A Fdr 77!
AbOit A Idr pi..... ,118
Am Cotton Oil MM
Am Illl A tatner. ... 1714
Am 1IM AI.pt ,., HI
Am les rVcnritlai.,,.,,, m
Am Mniril. ...... .,.,,. 22' C
Am I.lnwd pf. MJ
Am lwimotlre ,, HV1)
Am Malt CorD'n tf 40 1
Am umi-it ft iter
Am Mm!ll pf A..
Hlib. Tiw.
H-Ofl
p m.
03
20J,
71
13
Ri
,T
05
()
8J4
OS OS
AH !0'.
7 71 1.
M 13i
Hit B'e
.13'f IW
0 0
...IfKlW 107J4 ItWJJ
n2) OIK 02'
7HM 7714
IIRH llBti 118'
ran tan tan
li 17 17
81 'AH 70
2lf 28 28tf
zv.i zitt -a
mu r.i't Alf
RBli fiOJf SOU
4fi in 41
.iitu inn no( 117
... 1WI iw trn nun
Am fiawr IWlnlnj. , ..110 1KM linii HAM
Am Sugar Kef pf .lltUf I21H I2l!f I3IM
Am Rll Foumltwt..... US 72l 70U 72J,
AmTsIATei 12714. J27IJ V7H
AmTob pf nt.. ...... H(l 11(1 HI)
Am Woolen MM A7M Mi
Am wruini riper pr. . . o.' o.,l( 0.1
Am 7,I,ah
Am 7. I. A H pf. . .
Aniran CM....
Awclitnl Oil .
Atch Top A B K ..
Atfh Top ft 8 V pf
AllOulf A W I
All flnlf A V I pf.
Held IflM Wkl .
Until tvo Wki K .
Hilt ft Ohio
Ililtelt Co I0IH
IiriniCtirm Hlml filll
llethlelxm fil-fl pf ... 1M)
lltookltn (tip Ir 8H.
I27li
lit)
f,7
nr.
m
wiM
II"!
2H
1117
W.M
Mull.) ft Hun
Cal IVttolrum . .
(.'I I'etroleum pt..
Csnaitlin I'ariric. ,
Onlial lAithrr
Central Luthor pf
loindlrr Motor ...
t'hn A Ohio . ...
Chi Ureal Wen ir.M
t'hl (ireat Writ pr (I'
Chi Mil ft fit I'
( bl A Nnrlhaeitrin .
(.ol (lai ft Kl,f
(Id It I ft I'ac .
Chile Copptr
Chlno CouiMr
Cnl ynrl ft Iron. .
(on (I I'. I, ft I Hal...
CuiKOlldatnl (l,i
Corn I'nxtuete lb-f . .
Corn 1'iud IW f.. . .
Ciucllilf Strrl
Crucible Ml pr...
Cuban-Am Huirir ..
Cutis Cairn Mueir .
tlcntf r ft lllo (Ir. .
Den ft Itlo (Ir pr. .
Dlillll Sec Corp'n .
Krle
Kris lit pr
ooh niM mi
wi mn win
. DOM ()! O-l
. 7IJJ 72U 72
100)4 I00JJ 1().'.M HttM
.100)1 100i 1(K)14 IS)l
127 1.11 I2.V1 131
. 70 70), TOW 7UJ4.
Hi 77)4 ri) 7654
10 I001 107
so;, fwi srm
lor.'i cvi mm
mo mo mo
1G 100 100
., f-'i M
73JJ 7IM 72
20)1 27! V.m
mu ro (wji
HAM IMK ICO),
ioyj. mm iosw iwi
liri'i nrH II ..'4 ll.i'i
112(4 112 112'f
70J4 70 7011
inn ir, mi,
41)4 41', 4li
01)4 1UI4 01
I'.'i'i 12 ih r.'iit
:i'i :ih :is'4
in :it, .mix
no tin', s(,
f7' a .17 i"1 ,
KM)', I2H 128
i:i.')' IIBM I3V4
.'111, 2714 2H
M,t
rloae. tilth.
Phlla Co . 0M 47
Pitt. Coal r or dp , MH 0714
rratla ft Katlern IBM 10)4
run Coal pr c r4 dp 1 IAH 1 14
run c c a st I. pr
IlttibDrih Blrrl pi ,
Prrwd Steel Cat .
Quick-Hirer ,.
Hf Bteet Hm
Itar Con Cop
Rrsitlnt...... ......
rteiillnf lit cf 4.1
Itepsblk Iron A 8 8S)
(II
.(tt
Vilf
IIA
10(
84
3 (
tA'i ana
Ml 34)4
1104 1111- 1104
4H 4I!4
8T(
lyw
4BM
Ml(
1.1!
114
01
103
SIM
.1
ASI4
33JI
S-00
p m
404
67J4
lfi'4
114
01
101
8S'
V
MH
MU
1104
44)4
80
38)4
33
IHDf
21)!
r,o4
20
4!)
30
88
bftboard Air Mns pr., 39 38)4 38'4
Bhst Atlt Cop 3.14 33 324
Bonthern ractric 1004 100)4 DM
Southern Hr 29)4 20M 204
Pouthrrn Itr rf... COM oo't 084
Bt IjOuU A 8 F w 1 2 VO'4 27)4
Ft fouli A S K pt w I . 4 40 10
Ht 1-oull Soulhweit 29 XI 20
Btudebalert'o HUM 121) IIH)4 120
TM1 Co.... 20.V4 200)4 2IK 200
T1 IVItk; 20J4 20.M 104 204
Iblrd Arenoe 4'4 )4 M M'l
Tobacco l'Mlnrtf f.7 i"i7M .! t'D
TolBt I, A Weet I, 12J4 II II
Tot Bt i, ft W pf 10 224 20.M 22)4
UnilerTpesr Itt'.M IIH4J 101)4 101)4
Union Itxt A I'apor 13)( 134 1.11 114
t'nllnl Cuar Htorej IM'4 101 10(1 100
United Krnlt t.W I CO 100 100
Sates in Philadelphia
ji.ll . ' wij. i ,i "J ' ' ' tl
1)4
27)4
no
IfKIM
IUH
70
01
I2V4
MM
. .'IHM
,1.1)4
0S4
fir.M
120
1311
. Ill
ST.J,
..I2K,
220
. II8M
.. 20
t7M
.. 45M
.. .17,i
tay
111M 111)4
M' S7
Ktls2d pr 42(i
(icneral Cru-nilral
(leneral 1'folrlc
(Iclirral Mnturs
(icxxlrlch UK
(iranby Consol
(Irrat Northern pi
(1 N cf, for ore prop.
(Ireene-Cananea . . . .
Cult Stale, Blccl. . ..
tlllnoli Central
Imp Con Cop
Inl Agricultural pr ..,
Int Con Corp'n pr ..
Int Taper
Int Taper rf
Int Nick v t cf, . . .
InlM M cor dp
Int M M pr c or dp. .
Kan Cltr Houthorn...
Kaysrr J ft Co
KellBpTlrf.
Krnnerott Cop ah... .
Lack Steel Co
Lake Krlo ft West....
Laks Krlo ft W pr. . .
Lee Ilubbcr Tire
LeblfhaVailej
Markay Co,
Maxwell Moton
Mai Molon 1st pf. ..
May Uept Stores
May Dept Stores pf. .
Mu Tctroleum
Mez Totrnlcum pr. ....
Miami Copper
Minn A St I. now .. .
Mo ricvl
Missouri Taciric
Mo Pac trcls
Mo Kan A Teias . . .
Mo Kan AT pf
Montanna Tower
Nat Knam AS Co....
Nr r Con Cop
New York Central
N Y Nil AH
N Y O ft Wrist
Norfolk Southern... .
Norfolk ft Western....
North American
Northern Tscltlc . . .
Ohio Cities (las
Oaens llottlo Much ..
Pacific Mill
Penn Itallroad
People'. 0 u (. hi .
320
17014
.810
. C0)i
..10S
...18
.. -13M
.. S2)4
..100)4 RO
.107 10
111
87J4
121',
2104 210
(ill), OS
2(1
47'j
r.i
.17','
;.2i4
4214
:nr,
180)4 ISO!
7W) 7l
70M 00
108)4 108
117)4 H7h 117',
4.1)4 l.1)j 4.1)4
A2M 621,
108
10
1211,
211
40
IIM
.174
124
-12'
31.
12414
2IO)i
00),
20
4 it
114
.17.
C21i
42)4
3 1 A
IW))4
i'J
1.0
108
62)4
10S
107
70
Hi.
74)4
(UM
I00)i
47)j
V,
.. 70 70)i COM
,. MM f.2 .1J
.. 7I) 71)5 7IM
.. OAM (.! fl.1'4
.100)4 100H 100)4
. 48 18 4t
44M 4fitf U4
..II.V4 lini4 11414 115
.. Hi 274 20'4 27
.102)4 100 1041 10(1
.74 70 7(1 7ll
r.7 r,s mu r,8
.101 10IM I0.1M 101
20)4 28' 4 2014
.1014 33)4
82)4 82)4
8.f.3 WB
7114 (.14
81), 8)j
ns h
SI
30M
H.'.
73)4
8IJ4
08
28)4
n.'i
314
f-2),
85
71M
814
08
100)4 ion ioo ioa
. .10S)( 100)j 107M 10'J
. . 00)4 00 00 03
.. -10)4 47 4fl)i 40)4
.. 30)4 3.TS 31 33
.. 3.-.M .184 35)4 38
I
i
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r.
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o
1-H.M 142 140)4 142
7.1 7rt 74 74)4
111. 111)4 111 HIM
.118)4 120)4 110)4 HOh
ttt'4 105 00 101
. 25)4 20 20 A
, fi7 60J4 MM 604
.108 lOb,',- 107)4 107)4
18 21 18)4 21
IBM 2H, 184 21(4
10 11 10 10?4
21 21 21 2,
111 111 111) 110
33M 3.1M :i.'l!4 33Jf
31 .11)4 31 31
108)4 108J4 UK 108
67) J 674 67)4 G14
.12)4 32)1 am 32)4
. 20 27 2r 27
"Million Share"
Days on the
New- York Curb
tttiHTu
rrom Noren
bar 2 lo Tbanke
titles (here were
fourteen diya lo
whttb Carli trad.
Idi eireftlnl a
million .heree a
diy. Tbli IdJI.
raiee lUe sruw.
las nubile inter.
eat Id be he
Yerk Curb mar
ket and erapba.
Hire Iti Import,
aura to American
Molon. Write
for our llloitnt.
to booklet
Tho History of the
New York Curb
which drecrlbra the irowth anl In.
rlint funclloo, of tbta Ibe ircooJ
lirieat itk market In Ibe worli.
,tek lor T,l!,.8-J.
JONES & BAKER
STOCK UltOltUllS
Widener Bid;., Phlladelphlt
Rett, Waloot IMO-1.
Keyatone, Itite 2V0O,
Dlrtel l-iisalt WUii raaaecKa
e,T York lloalon
Chlcacu l'lltaburah
".VoIMmj; la Sell But 3erlce"
)IVIUE.M)H
I'llliaiiKI.l-ltn, p.
Uf. S. llf.
Sugar Futures Quiet
NEW VORKi Dc. . Ths market for
Bttrar futurss opnel q(t tday, snsrall
I to $ polo's lower, with sat on tba sail
B ton. WDiia tar0 wu u uttM seat-
tsr4 WaU strast &Hlpf. orfwings -wro iwt
Ad oji i$ iia i y?n HgJH, wstttjiewt
. KB301.Yr'U., T.f the iioard o bStc'otmot
ArUooia UaiM illJus t'ameaar do bereby d
e"".,'i FUr nu'tflr dividend of eoa par
cent (IK) to b hU on Jnuur I... laM ,..T
Ibe etMJc of Ibla Comoaoy aa
reaUIra.at tba cloaa of bi
xsxu. isto slock iranarar
iron, avcoeaoer
It IT.
lb same eland
on uiceuiber
oa cioa
UuL. .
join, iota, until January j.
ad
ANNUt, VIKEtlNG
TMK. AjmVJU.'' UEKTINQ Of Tllr:
tna L-nft Alias Co,
,w .jjiwajr, J4
I 'T3fu THIS nSSIUI,
Organized
1807 .
Foreign Exchange
Foreign Drafts. Let
ters of Credit, Money
Orders, Travelers'
Cheaues issued and
HemltUnces made to
all parts of the World,
Inquiries solicited re
garding rates.
Farmers and Mechanics
National Bank
427 CU.taut StraaJ
Union I'aciric.
Union raeldepf ...
"JHOII'sKpf,
8 Ind Alcohol
t 8 Itrallr A Imp
Unllnl lt-4 inr
I) 8 llublwr
118 rtnbber lit pt
VHH It or XI
I! H8toel Corpn,..
tl 8 Slecl (.'orp'n pf
Utah Copper
Utah Srcurltloi . . .
Vi-raro Oirm 47IJ
Va-(,'aro (.hrmlcii il .111
Va Iron Coil A C .... 021 i
Waliuh I.'.M
wanain pr a !,)
147M 1I7' 1404 14714
. KIM 814 MM 834
.0,5 (VI 05 (HI
13.', I.Ti 13.', 115
. 35 3V4 31 -W4
. 13)4 134 I3)( 13).
MM OSj 004 08
116 115 116 116
70 77 (0'i 70)4
12(1 l?0'4 12AM 120H
.I2I 122 I21( 12I,'
1201 I2JJ, 1264 120)4
MM 2.'4 2,'i 20S
' llljh.
toe A cms T to
pref s
to Am ass ts
Am Ity pf m
10 Am Wool tl
10 U A 8 t o tl
IH du pref !k
io r vn tot
iso Corn Prod, ton,
loo Csm Iron, 411
ISO Klre 8tor. 7IH
4S Ins Co N A t
JIo I,k Hop C. 10H
! Irfli Nnv.. POH
A Ih Vnlly
m I, V Tr pf 4Je
loo Nev Cons. IW
4.1.1 Pcnnn It II 7Vft
tu I'cryis Salt ioo
43 PhlU Co . 40J4
so ilo cum pf 41
sto Phils KI'C. Co"-.
3IA l It T t C Hid
SKA Itcatllna; IHVi
too 8o llwy . 0V
4J)l Ton Jlel
iso Ton itln
Iiw. Cloea.
Met
rns.
ItO
07)4
MH
71
SOU
JAW
10
4ti
11
:i
v
K
si
4J
SHI
S0T4,
09
40V4
4tH
SDH
S7H
so
M
its
t J4
S1H,
II
S1l
tH
20
44-1
71
it
50,4 "S
OOH 4H
4J
. ...1
I
t- fa- JaaYilMJr
H 'i i if nu nn
LEHIGH MVI&ATION EQUALS HIGH
MARK OF YEAR, SELLING UP
Street Hears That Deal Between Company and Pcriri
rt-'l 1 Tnn,r,v.r1tvrT T.nU,'li .1 X
Vailia ivuiiiuau x.;gai.uiii uuuigii auu iew
England Has Been Closed
M
4.
IV
V
!
54
MM .4i
100 -fIVi
4SW H
4 1 '.4
tOVl
tt",i
1I0H V
H
V,
sou
Wahuh ul II
Weill Farco Ktp.,..
Writ Union Tel. ...
Wnl'K AM....
Wnlcrn Marhml .
Whrel A l.aLo Kiln .
Whirl A I, i: l pf
Whivl A I, i: 21 Il
Whllo Motor
Wlllj, Orrrlaml . .
Wlecomln Central .
31 M
174
114),
05
10 t
6!M
3J'4
.1I2M 112
.Kr.Mi 1(13','
i;
114
(IT 4
1(1
684
3IM
111
1714
114)4
(VI 1 4
1111
60 M
32M
1(1
(M
3D.'
n'a
11' I
8',
6.1',
.101,
6.1
(It
31 '4
8
KIM
7',
6.14
37),
MM
1(12)4 ll)2!i
(12 ( 02 i
SDH
04
I)
0'4
6.1'4
37
oJM
31 'i
8
Hl'4
7J,
6.1),
.17
5.I.M
KAII.ItOAU KAUNINtiS
CIIICAOO. HUnt.lNOTO.N AND glllNfr
I0IH
lo fixii alrt
I .KIT, nui
no.i'.i.ns
n.zsns.in
fA.VAIHA.V MIKTIIIIUN
Knurlh week Nnvemher. ll.lr.U.lnil
Krum July 1 IH.Mil.lou
Orlolr aroee .
Net . ..
titiir mullllia' Krone
Net
Increaie
tl nvj.ntl
27 H R
n.tivj r.iii
120 son
4 USD 100
Wheat Firm in Liverpool
I.IVi:itPOOI.. Dec B .Spot Khcnt wns
firm ' unit imi'linnKril Imlny, with No. 1
northern Mniiltnlm iiiotvl nt 17s Oil and
No 2 Imnl wlntrr nnd llnrll nt 16s Sd
Corn wis stronp; nt nn ndvnncn of 2d, with
Amerlcnn mlxnl ouotrd nt 13s 8d nnd Piste
nt 1 3s Oil Flntir wns Oil hither nt CSs.
Financial Briefs
Hanks xnlned from New Vork Kulitrcns
tiry ypstordny 18,805,000. nnd since Friday
I lie gain lias been Jl.OU,nOO.
Warner 1) Orvls tins been elected n.
member of tho Phlliulelpliln Slock Ex
change. Twcnty-ono rnllronds operating In tho
United Ktntes only liavn reported Kross
cnrnliiRS for tho third week of November
of J8.S27.79I, nn Increase of $818, SCO.
LIVE STOCK QUOTATIONS
CHICAGO. Dee, (1 IKKIrl (terelnta. 011.000
i no nuner. Allien nnd butch
ion nrnvy,
Market airona. n
ra, . js.nofMosn
rollah hea.y.
uwn in.
lu iim, in ns.
IDOlo lo. plsa.
1D.II.10K HO! Ilehl
.." ,'l "UIK. 41, lUVI'l l
UATTI.I lleelnli --n linn MB.1,, .,..w
lleevra. Ill 80eil2.no covra ami tieiren. 13.80
Jfin, alookera and (eeilera H oi)to7.7a, Teiana.
e, iv.r v iu, cai.r,, .i,,,h,.,i in '3
nrir.r.iiteceipia, 2,1 uiki
hliher. Nallvu and wratern
IIUV12 00
alnrket aleadv. ln
IS30OB 10, lambe.
GOVEItNMENT HONDS
3a. rrcleterrit. 1030
2e, coupon. I03O
la, rrgletered, 1018 .
11a, coupon, 101m
4a, rrBlilered. 10:.1
Illd
. . I'D1'
. . 00
..100
..inn
..110
Aakea.
100
101U
liou
To
Individual
Investors
We maintain one standard of
ervice. uniform in scope and
efficiency and particulaily
adapted to the requirement!
of the individual investor,
regardless of the amount
available for investment
Our current leneral Hat VK
will ba aent upon requeat
73
TheNationalGty
Company
lie, rl & c m ii ...
"" v-imawiuc m., rniiaaslpnla
New Vork Chlcno Sin Franciico
uoiton rlltiburth
We Are Specialists In
New York Shipbuilding
Corporation of New York
New Stock Successors to
New York Shipbuilding
Company of New Jersey
Dealt in on New York Curb
GvmtNE BrtQS
2$ Broad SU N. Y, Phone nil Broad
dibkctohy or accouktanth
CetUBed FuUe Attauataale
MU iiAIe
b. nnnwM & v
JJJJ&VWJiUlLjWQ
IAWRfiNCB
hAW 63l
m&&&2fr
80 If H Hub
SIT I'nlon Trsc 4Mi
Itl rn O Imp- '
SI to tr H .Steel ItnVi
in Wels Co 41
loo War I ASt 0).
lo V Jer H Bfl!4
loan U'rn Crump DH4
S Vork Itwy 11
lui.sn.")
lllsn.
tiooo a (ii:i os gt;
loon Klec fc Peo
Tr Is . 84
4000 Knult 111 (1
8s . ..10.1
ltooo l.nke Hup
Inc . .. Ht
Uono I.eli AN' ,
I! Ks ...I0IV4j
4000 I.eh VCoal
Es 10.1
1900 Nnt Prop
4Cs .. .. 08
tooo Pa Co (?en
4Hs ...to
tono P & Mil
Mil Cs . 107 H
28000 I'hlln Co
cons Cs, 03
son I'll Klec. Cs tos
8000 I'hlln W &
11 t c 4s BOH
loooo Itesil cn 4s 8 J ',4
SoOO Kiinn-Ain I
6s I0J
tiooo Un lty Inv
Cs .... 7S,4
.1000 York Ity
1st Cs . . 88
i-t8 iia ii i-is
8 8. IS 8U S8-I8 4 I-IS
8154
18
Bl!(,
IISU
41
W
80 5fc
nA
14
Ixiw.
ti
8.1
10814
r.j
104H
ioih
88
0
4 ,;
OtVe
1,.
44
08,
BO'f,
PS
14
4 Hi
14
14
14
-ft
ii
' H
Net
rio. ene
sou v
S3
iosu
8 H
10154 H
108 y
10 H
1014 loi ',4
0t
10.
09
es
108
0V4
lot lot
18
08 14
74
0884
Vi
lVe
W
V
DIVIDENDS DECLARED
MUM HrhiiyUtll Navlrnlion, llsllroad anil
Conl Company, II :.V nereblo January lb
Hooka cloao December 11.
Arlinrm Unltnl Mlnlna Company rrxular Quar
terly nf 1 ir cent, payable January 1' to atoclt
nf record December ir,
(leneral Itallnay Hhtnal Tomoany. resular
quarterly of 14 per cent on tho preferred and
IV, per cent on common atock. payable Jan
uary 2 to slock of record December 10.
IJanma City Southern, rcsilar quarterly of
1 per cent nn preferred atock, payable Jan
uary 15 to atock of record December 30
American l'ublla Ulllltlea Company, rerular
nuerterly of 1(4 per cent on preferred atock.
Ayoiile January i 10 .iusk o. recoru i-zccem-
Jnat helnre the eloes .ehlh Nlstlon
aolil bo lo H. nhleh la Ihe lilliet sines
lDIS, when It M slPJW.
Uhlgh Nsvlitstlon slock nllrncted nt
tentlon In the trsillno: on the I'hllaijelphls.
Stock Kuchnnite this nflernoon with nn ml
nce of I '4 tolnts to 90, which equals
the high mark of the ynr. AccomnnnylnB
the ndvnncn a report Rained circulation In
tho Street thst the deal between tho com
pany nnd the Pennsyhnnla Itallroad.
whereby the latter was to get n half Inter
est In the Lehigh nnd Now Kngland Ilall
reatl. had been closed, i-'rom other sources
which are cloe to the Pennsylvania. It wns
learned, however, that while negotiations
are still going on, nothing definite hss been
de'crmlned utwn.
Philadelphia, It.ipld Transit trust certifi
cates held firm throughout the day's ses
Blon, nd for the greater pnrt of the day
they were a fraction above the final ot yes
terday Aside from I.ake Superior they
were the most active of the home stocks
on the list, and at that Lnkn Superior only
miiil.innreil Transit by about 100 shares.
The Street heard that the cross earnings of
Ilnpld Transit for November were an In
crease of 1231.000. Taking tho average
Increase as n, basis. It wns figured that
for the six months ending December Jl net
080. 3eS
earnings will be about ll.Jto.i
first flvo days of this month lh Jiffl
lnr-rn.,1 111 nil Tt... .' lne W
crease of 8000 a day n5iB
As n general rule price II
throughout the list were, .-i. ''!
iilor. American Oas of New j-
In the day recovered. Buffalo and i
namm, nnicn csinonsned a new l,Ut1
for the year yesterday hv . i "r ll
'. "lu.iiuiB traoinr.
VL ... I "'" """nianitu ft
. .. '.". u, tlu'"' Dt yesterday Cn.jSJJj
building got to n new high befa7e M
los't"" l D' ,,Ut lh8 "'"V" Wi
BAR SILVER
uar silver wns quoted In !.,
t -jo ,.i . - . ... ""10'
nb -v. -'.u, n, emil Ul I-IBO,
In New Tork commercial
quoted nt 7B,c, ft gan 0 ,ja
NEW YORK BUTTEiJ AND &5
N.BW. TOnK. Dee. . 8 -niTTTEB JSS
wWM
4Jbb
8707 tubs.
market firm.
crea
Slleht .hnrl... ""i.1-
n. - c,ih - ..Z S" "PI
eamery, ilH o. Inaldet other d,aS2
KdOH llecelpta. S80S caeei; ,'!?'
nulel.
held firm
but atesdr under llrtit ini.rrrj
ily. Quotations unchania"v'J
-- . ,
payobr
ler I'D
Union Traction and Uleclrle Company nf New
ar uuarierir oi j -4 per ceni.
py-
from
t.ra-v r-vlllAr
ablo January 3. Hooka will ba doted
i...mir 1! In December IS
Wrymnn llrulnn. recular iuarterlr of 3 per
cent and eitra, ilhldend of 1 por rent on com
mon alock and reipilar quarterly of 1 per cent
on prererrea aioca.
reaiular nuarter-
per cent on preferred A anil IU per
ramble January 2 10 atock
n. ..fipH Jenlinrv 111
American Mmellera Hecurltlea
iv rtf 11 tMr cent on nreferrei
nnt on preferred II atock. payable January 3.
Pooka cloaa December id. rropenea Decem
ber ilO
American Tobacco Company rexular quarterly
IS per rent on preferred atock. parable January
2 in etork of record December IS.
Ohio Fuel oil, reiular quarterly of CO rente a
ahare. payable December i'3 to atock of rec
ord December 18..
I'.e I-orlllanl Tobacco Company, rerular quar
terly of a per cent on common atock and 1
per cent on preferred atock
A Year End Suggestion
AH periods of grent speculation in the past havol
been succeeded by periods of conservatism in Invcst-i
ment.
We recommend the early selection of New Year
investments for the reason that the demand for new'
securities is likely to be large and the supply limited.
We shall be glad to I submit offerings of bonds i
yielding irom ty,y0 10 over mjo to xnose wno arc
interested.
Edward B.Smith & Co
Established 1892.
BANKERS
Members New York and Uhiladclphia Stock Exchanges
Philadelphia
1411 Chestnut Stiiect
30 Pine Street
New York
Brown Brothers & C
FoOTrra and QrrOTNUT Stueets
PHILHDELPHIA
BONDS FOR CONSERVATIVE INVESTMENT
York Railways Company
Firs! Mortgage Tlilrly-Year 5 Cold Bonds
Dated December 2, 1907 Due December lftM
Free of Pennsylvania State and Normal Federal Income fa?
Price 983 and Interest, yielding 5.10
Descriptive Circular Upon Request
m
i
JSfi
United Fuel Gas Company
First Mortgage 6
Twenty-Year Sinking Fund Gold Bonds
(Series "A")
Dated January 1, 1916 Due January 1, 1936
!?JjIfl P?ybl; Jnury nd July I in New York and Phuburgi. Coupon bondi of $503 and
JIOOO, rcjEiiterable aa to principal, and rer,i,tereJ bondi of ume denomination!. Coupon and
registered bondi interchangeable. Subject to call at a whole or in part on any interest day, upon
30 claya prior notice, at 105 and accrued intereit.
Authorized $15,000,000 Outstanding $8,460,000
The New York Trust Company, New York, Trustee.
These bondi are listed on the New York Stc Exchange
The Company will refund the Four-Mill Pennsylvania Tax
For information reiardin, thia iisue of bondi, and the buiineia of the Company, we hav
lummamed from a letter ligned by the Preiident of the Company at followa i
Business
The Company produces, wholesales, and distributes natural gas, and also pro
duces and wholesales oil and gasoline. Gas is furnished at wholesale to large
distributing companies, supplying such important centers as Cincinnati, Columbus
and Springfield, Ohio. Louisville and Lexinglon, Ky., and a great many other
cities and towns. In addition to this ihe Company supplies gas at retail to over
filly municipalities in West Virginia. Ohio and Kentucky.
Property
The Company holds gas rights under lease, or in fee, covering more than 800,000
acres, in about 00.000 acres of which it also owns the oil rights. This prop
erty is located in thirteen counties of West Virginia, five counties of Kentucky,
and one county of Ohio. The Company has in operation 54 1 gas wells and 1 05
n'AA i r 0Pen,"0W vIIume of the gas wells is estimated nt over 800.000.
000 cubic feet per day. The Company owns comprehensive pipe line and dis
tributing systems, five compressor stations and all necessary accessories. It has also
in operation now seven plants producing gasoline which is extracted from the natu.
ral gas. I he Company also owns real estate in various cities on which are located
storehouses, plants, and office buildings.
Security
The bonds are secured by first mortgage on all the property of the Company hav
ing an aggregate book value of over $18,000,000, and an actual va ue far In
excess thereof.
Earnings
Net earnings for the current year are at the rate of over five times all interes,
charges. Earnings are showing large gains and should be augmented further by
,u r TIu111. l CLompany 8?'0''e business, Particular emphasis is laid
on Ihe fact that im in ir.- n,..nt it l.. -I.-... e.r t .. i"'l"'" iu
r.u:..; l: " l "r...7:. "i ' ,M "s "'"' ououl ot ,ne company ' vast
n
i
holdings have been utilized.
Sinking Fund
The mortgage provides for an annual sinking fund beginning March I. 1922.,
winch shall operate tq retire all outstanding bonds at, or before, maturity. '
, Price 101 and accrued interest, yielding about, 5.90
r, Dtstriplice circular on request
A. B. Leach & Company
Investment Securities
US South Fourth Street, Philadelphia
Chicago Buffalo Boston Baltimore
Ney York
W timj$r t fPaiwe
WB
- iieeo.,e.
.--, hi .if i' . i it, , r & r tmm
ir a. h. flHonr. 111 Jig i w1 ng t. "-- ' ' " - .n ,. , mMtlt9 . i', ij
j JBj1BBBBBBIlBaWBBi'alalal4aMIL V1EJC .V- " -l3fZlE'