'V
tf
t
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BVENma
LUDGEIi-PHtEADlSLPHlA, MONDAY, DECEMBER 11, 1016
X
i Ay
.-? H ,
".
ry-
FINANCIAL NEWS
DECLINE IN COTTON AND ADVANCE
IN CALL MONEY WEAKENS STOCKS
Ir ' - . ..
Contraction in Banking Accommodation Aimed at Spccu
', lationSome Loans Cailcd--In8ide Selling
Sends Coppers Off
New York Stock Sales
T.t
, rlm
Arm Tl 07
Adr JlumHr la
AJit tlubhff.. ,, fnf
Alk O if i'ji?
..-. t. . i .--.-.
llith
fi7
HI
88
12'f
low,
now
WI
I2!f
S'OO
pt
00' .
IS
Wi
W.i
B
92U
vsisss J (I M ft ft g 8
Ml-Cnlmrr fg ,3,-ji .11 31 32
Am JlMtSBMr ... ... lofif low 103 lot
Am Cr ft Piir 70j( ;7 ; 78!
NBW YOHK, Dec. II.
Tfio tock market was Acutely tllstyrbetl today y two factors, The tinsetllo
aunt of tho apeculntlve alttintlon In cotton resulting from tlio unexpectedly favor
able ftlnntnfr report on I not Friday, followed by-llie favorable showing; In tlio
Government cotton roport published this Afternoon, canned uri;nl soiling; of tlio
active opcculatlvo cotton option with nbilnntlnl declines In that staple for both
pot and future contractu.
Losstwi resulting; from tlio two day' decline nnlmnlly Impaired account In
Which larjje linos of stocks were also carried and a liquidation movement In these
Usuea was Ihlonslfled late In tha day, when there wan another contraction of
banKltiff accommodation almod nt tho bullish speculation In grain and cotton and
making; liquidation of account In which atocks, Kraln and cntlon were Jointly
carried Imperative.
Moat of the olock holding In these account wore of the copper uroup, ifnd n
the position of tho copper Blocks had been weakene'd by limbic nellliiK In the lat
two week thoiio Issues niiRlalilcd tho RrriUeal amount of In In tho day'a IrntllriK.
Anaconda, which old nt 97&i nt tho openliiK, dropped to below 94, and Ulnh
Copper alio declined more than 3 point durlnjr the day.
Thoro woro henvy offorliiK of ttnllncl Htnte Htcel common, nud that aloclt.
after Its Rain of S In tho Initial finding- to 1J5,, dropiied lo IS3U- Many of tho
minor teel Industrial, Including Itepubllo Iron mid Hlcol, ilnmpeil 2 point ur
ttloro, nnd tho war-order atock, after showlnir a alroiiB tone In tho early trmllim.
joined In tho late downward movement.
Tho money allunllon waa naaln brought Into prominence by tho calling of n.
number of loan shortly after noon. Tho rnto for call money, which Marled nt
34 per cent, quickly row to 6 per rent, nnd at tho snmn time tho discrimination
nKnlnst accounts In which raln nnd cotton contracts were carried became more
pronounced.
i One of the Important fcatuics of the bond market was the wpiiIuicmk In foreign
Issues, with AiiBlo-French C making a new low record, selling at I2T. City of
'Paris tin were nlo lo sup'ply at concessions, dccllnliiK from DfV4 to 94. Colorado
Midland 4s wcro strong In the early tradlnir. when they mild nt 32, but later lo-
(acted to 2054. Chill Copper 7 wcro traded In on n largo scale, nnlllnK off about
2 point.
MOST CURB ISSUES
SELL AT DECLINES
Zinc Concentrating Is One of
Few Exceptions, nnd Mother
j Lode Makes Good Guin
JJBW YOniC, Dec. J I. Price movements
en tha Broad fHrcet Curb today were In
most cast to lower level, but a strons;
tonn was shown In a few Issues, In which
buying; waa based on special Incentives,
Zlna Concentrating was prominent be
cause of continued buying on the outlook
for a favorable result ffyim now contracts
now arranged for, nnd that stock rose from
E to CK Mother IOde, one of the low
priced mining Isnues, ndvancedvrom 41 to
01 cents on report of absorption by the
Kennecott Company,
The oil stock were generally nrtlve and
strong. Standard Oil Issues made sub
stantial gains and Independent oil stock-j
were generally higher. Westlnghouse rights
were traded In for the first time with sales
at IK to l'i.
The reorganised railways wero quieter
and generally lower. Pero Marquette de
clined from '11H to 10 i. nnd Itock Island
new stock sold at 43K to 43Vi.
The toteel and war order stocks nlso
showed a weak tone and declined under
small sales.
INDUSTRIAL!
l Kirlo'Hfi ,, .
rlctn XrltUh Munufseturtns
rlrsn Murconl .... ......
rlrsn Wrlllnjr I'npr
Atns xrlniUs . .
Americ
simrru
Arnerh
Csnaillsn Car Carnpanr
fanadism Car and Foundry pfrt..
Charcoal Irun ..,,,...,.,.
nvrolft ilolnri , , , ....
Curtlaa Artplan0 .,...
:mftrinn I'honoaraph
Conral Motora ....,,....
Jraixell and Darker Car
tlende Manufaclurlns
Cathodlon Urunii pfd
aurel Oil and aaa ,
lailm Munition!
fanhattan Trans
tldvslo 8(al ...,.,."..
Oils . Klavalor .,
riea Motors , ,,,
ols.lins ,. ,
rrn w t ,..,,..,
tand Molora
'nuomnw
t".r
n'rlanatii Kill
iiitd Aiior steel
Im
led Motors
niil
. !4
. 13
. :i
."'
. 40
, MO
, H
ITll
an
io
140
s
0
K
61
ST
21
Ull
SI
nn
New York Bond Sales
07
ll.1?
IP
07
lir.
PlH
I llll
Ull
07
114
in4
4
luoU
IS
V3
103H
h
Pools. I!
!ljtand '
'lUDI
iTrli
JJnli
lln ted Motors .. ,,.,,.,,,. EiiU
'V H I, and It com ..,..,, ,...,.,?, a
HAIMtOADH
:::;:::::::::::: k
i5r Varauatta
jttvlc JlAnd com
do A prcf . i .
... do I Pr'
V'abaih I'Jttii com
ao pri
23
04
5111 no U
wn
1:1
BTANOAIID OH, STOCKR
"M
Jhln .. . ... .ntiii
Trmlrls Plp. .. ....
inunnim ull or uailiornia.. STS
.Standard Oil of N.w J.ry TOt
itandard Oil of N.w York !:a
OTIIEH Olli 8TOC1CH
IConUn Oil ...,,. ,,..,,...,,,,,
Koadsn Co.,..,......,.,,.,,.
Dnlir Jafrnl. ...... ... .
Jloaaton Oil .,...,...,,,,, 3S'
Vtdwost lunnlns ................ Nt ,
WaDUlpa lunnlng ,..,.,,.,.,. Ulli
gWal Dutch TO
(Sinclair fl3K
MINtNO BTOCK8
Atlaata, .,' ,, 10
Slutta Coppar a Zno. ITU
Otutts J .......,.,,,. 3
iCarro d raaco... ,,4..,, 41H
fVlAraiu flloldflald ....... -.-..... 20
Kloldflald Marser ..,.....
QtaclA Mlnlna ,,.,
oiows nounn .. ?
aim jiutur .....4 ,,
'umbo Kxtfiuloa ,,
SJcKlnlo'-CUrrMh ..,,, ,,
Ofarrna C9PPr ...............
Minasrio qc jDiaricm ..,
Tlptaalns - ,t,(,ti,,
jtan iv . ,.....,.
fit Jofnph lad ..............
fWaat End Con .. .....,
'VVaHa Oaks .,,.
nONDB
;A T T new ta . . . .
wrra dm I'aaeil Sa . .
fVrarh MunlcJoal Sa ........
dlldvala aa . .. . ............... ST
3tuailan Sits ...i
r,rto Mm .. .. ......... (i
Xlnltad (ClnaJom ) Bs ,, S
Ha t-lt Mm 0U
lllsh.
Ijooo Al, (j,g, (V o, ,r j H5u
A 00(1 do (lab a. .
01)0 Amr Cot on n. , ..
IMTMNi Anslo-Kr 8i.
fcooo , t K n ...
41H00 Am KorlsnHiic a
100(H) Amr Mmolt Mi.e On
Dirnoo Amur Tl rlt 4..
4000 do cvt 4S
SOOO Anifr lea da
ISiKjo Am.r Writ Tap n
181)00 Armour (i l'
10.VIO Atchliiolt m-ii 4n
1UIHJ All K I A 4
11KH) Halt A Ohio :iVia .
30UOO tun a on r.
4 DUO du 4..,
BilOOO do rv 4Sa .,
10(1(1 Halt A O Hwn .lUa
SHOO II A O 1 T T SSa
OOihi jieth Hlttl lit 0
1 11(111 itn ,M r.m
anon Ilrook llap Tr n. 11)18 KioU
M)00 Cun (lout 0 lli.'l . Villi
uoihi do on llial . ... UUH
10(10 C (.' U an 4 . . 7UVt
.'(HMI cl (laa 1 Kli- III HI)
10(H) Cnt Ua rnna Da 1(11
14U00 Ont leather lat f. 103
lHOiio cnl Vac lat 4a . . till, '4
i.'.-iomi i-nin L-opiM-r 7 laaj
-.uoii unaa Ohio cv 4"a Hi-
nuiid no 4a
CIlODO do rouv r.a
nn()ii do Aa .
2000 Chi (It Wrat 44
lonoo Cht Un Hta 4 Via
sdihh) Chl II 1 q Joint 4a
lnixvi . do cm 4a ,
SOOO Chl II a O III nUa.
Kloir Chl Jl A Kt ! r(d 4 Via lt.
oihi no son ta
10000 do ronv na .
AOOil do cv 4(4 a .
-jnOO Chl It I A I 4a . H7
411000 do rfd 4 7nH
B400O do r.a . 77
V20U0 do rt on ala 77H
(IIIIIU Chln'a rila r.a Tl
11IIKMI Col Midland 4a . 21
Uiooil ilo it 4" .... 88
3(100 Col A South 414 a.. K4
Klnlio City of ai'rla fla til'I
aooo l)a A Hud rfd 4a PS'J
loooo Urn lllj (Ir rfd Aa . H7
110(H) On (li . KM
8000 Dla Hecur Corp 6 73
Bono Krla conv 4a U-r II. 70S
13000 (Ir.n llay Hr ... . lit1!
22000 Urn Klc dal fia llld
12000 Hud A Man In 3a 204
Juno do rfd na . . . r.n
SOOO III H..l deb 4Ha. .. 0.HS
1IMMI Iowa Cant ref 4. . flBTa
no Il. Central rrf 4. 69
88000 ',o 4a 1031 .. .NT
..Ull". . ri" C Ht I. A N O Bi.lOlS
15000 Interh Mrt 4 H. . . . 7.1 ll
iUOOO lnlerb H T rf Da. lis,
.J505 ln"r lr Mar Ha,.,, IISS
lliooo Japan natv (). H 4Ui Mil
80OU IC UltHt M 4a. TT
Syuu uo na , , , . . . . , 111
.000 Kan City Bo 1st 3a. nuv
. .a ' .. la t 1"!
j.uuu jvan 1.117 jar lat 4a . BN
.XXXf tMkt K w lal n.. ON
OUUVU 1JICKIV HtHI Ca 11130,, 104
i,u A,a. nil nau ia lun
40OQ do dtb 4l 1031 ,
BOOO Ijih Vat Ra.. ...
AOOO Us A If T Ta
linvt. 3 p.m.
h.lU
10 1
:u
ItniL tlllt.
im 1(11 inn
v.".
IIS
PIS
1I4U
U14
ln.l
U.V,.
hi
U.1T4
HI
35U4
Ion
ii T
in
us
UTS
lir.
HIU
10.1
im
T
in
in
SHU
lit
lniiU
Am Vtt & Kdy iif
nm wniion nil pf .
Am IIH A I. nf .
Am Ire fWuiltln
Am I.lnee(l .
Am Mrjr.l pf.
Am Ironiolle
Am Mslt t'orn'n pf
Am Smelt A Ilrf
Am nmelt A II pf
Am Smelt pf A.
Am Hur Iteflnlne
Am flIH 'ounr!rte
Am Tel A Tel .
Am Woilen .. .
Am Wrlllnj 1 pf...
Am 7. J, AH ,,
Anaron 0 M
AModileil Oil
Attn Top A H r
A I'D T A H J'if...
All ("out Une .
All tlulf A V I
All II A V I pf
Hld Nini Wki
IUW Ijii Wki pf
Halt A Ohio
Mwrrlt f'O
Hefhlflitm Steel ...
Ilurna linn
Millie 4 Sup
Cl retroleiim
Cnl lvirolum pf .
ri.H..n.. ,. i, i.
""iiiii ruiuir
h;
7llf .J
HIT KM i
.rnirai i.niicr ui, n:i
Ohei A Odin 07 ft"'i
rtof
TftK
I in itoir lio 110
.101 win WI1 I0lt
. rns- ri) -n '
. -mi no). 20U no
. 22 22 '- 21
. ft. U M M
. VI MiH W "'
. -ton ai w m
li:i. im i2'i iw J
un1, mn nnw no .
km w win imk
nr. nn lien "?!
"0,)7l,i 701i 71
I'-'K lBn V. 12V(
r,Vi wtf ma f't
. nn. r.7 MM r
r,7n fioif r.on win
uon in oii i'i'
ii 7in rin 7in
KM', lOltf llll ID)
.iisit. uKt( won iwn
lam -Mt i2on iii1i
ll'J ll.'.J, lll'i I42
7t( 7JV 7lS 7I'
8l) HI'f 7H1 7ft'S
win win win win
H.V. 8.V. KVl KVI
KB 10.V
vi i mr,
h7
BAD BREAK OCCURS
IN COTTON PRICES
Government Report Sends Active
Position! Off More than
$5 n Bnlo
!hl (Irrat Vel
fill (.real Writ pf
( hi Mil AMI' .
Chl M A Nt I' p
(hi A N V pf
l.ol (Im A Itliv
Chl It I A Pie
Ciille Cipior .
V ilno ("opDrt
Col J'uil A Iron
Con (I K I, A !
Corn I'nalurU Ilrf
Ccni I'rod Itrf pl
C'lurltiln Klecl
Cruclliln Kiwi pf
Cuba Cane Sucar
Cuba Cans Hucar pf
IUI
inn
i.tn
tun
IW
nr,
. Wlli
;w".
. L'n
. 07
nr.1,
P.'7
-7J
iin
r.'i
in)
UIW 111,
t'1 34
ulS lil'C
8$
U3
101 1
14 n
inov,
uss
Prf'a
XII
un
10.HH
unfa
inii
701,
PUS
llll.
103.
UU4
lan
.1
113
74ia
lOOV.
IINJJ
HO
11:1
loas
wi'h
loojl
mil.
TIlW
HUH
lnlS
jii.1
uol.
ISI'l
ll.'4
II.'.
10.1 '4
T4H
lOOJi
U31.
n
H.1V4 r.i U3U
H2I ujC u:
in.'.U liir.W Iii3.i
Kill
Til '4
TT4
Till.
71
21
801,
MS
II4S
IIH',
7i
lime A Co pf fivj
Delaware A lludwn f,in
Ilenver A lllo dr. i:()
Distil Hod C'arp'n . . . IU' ,
Dome Mlnm !
J.tls ... . :!7I,
Kilo 1st pf f.2
f.rlc ilil pf ,ai
Oaston W A V .(tj
Cenrial Klrctrlc Id)
(loodrfch 11 V OS';
Ounby Consol KM
(Ireat NorUiern pf 117'i
O T rfs for ore piop . 4:Uj
(lulf fllaiM bteel ItVI
Inp Con Cop (iHi,
Int Atrlcullural 21
Int Acrlmltural pf f,()i,
Int Con Cor r t c sh .. 17'.
Int Paper Mi4
Int Paper pf W7U
Int Nick v t cfs IS
Int MerM&r 47
IMS
i:i'
ii.il i
itr,
1711
M
yu
o;n
r,v,
l.'R
2hi.
no
wi
I'jin
iWi
ICI
nun
l.VI
isn
itu
ic. ICfi
IB.il ow
87 7
(II (II
win -''in
rx i r.sn
iiv. iivw.
iw iin't
m( mt
w is
Ali l'-,,4
mi, i).'
las ms
17H 17(1
ISi in
:w m
a7, Uii
mm, rin
.111. Mia
12714 127',
.an 'Mi
no iw
h,llj 81
1211. 12l'i
oin iis
trun uun
1.10 wo
wn isn
1.1 H'l
:i7j,
ra
I2
.III1.
am
Mil
as
I7DU 158'j 17Hij
nsn OHU 08
ws ion
1171. 117
111. 42'
ina
(.7
2I4
r,
174
01
won
47
I
102
(181
21),
M
17;,-
M
imin
i7n
47)
:w.'
rih
421
m
W.'l
117
12'1
1C.2
or
2in
Til
17'
.
Wi
conns nri.T KATiiKn roNiiiiio.N"
.NKM' 10IIK. lire ll-fhe .follswlnf
trmprralorci nrre reroroMl In the rotten
hrlt thla marnlnsl Ahllrnx and tlklahama,
30i Hhrrrrport and Del lllo, ij l.lttle BiKk,
I'orl Nmlth and Aahrtlll. at) f.n. Anlonls
and Ralrlch, li Knoitllle, all Mrmnhla,
40i (hatlanooas nnd Atlanta, 4tl tlfc
l.nrr and Snahrllle, 44i t nrpoa (htl.tl,
MrrMlan, Monltamrrr. and Ansn.ta, 4S
tlaltr.lon, Maron anil tilrmlntham, 4S
Thomaailllr, fiarannah and Mobile. fiJI Trn;
aarala and i'harlr.len, Alt JarkaanTllle and
w Orlrsna, H Ullmlniton and Tampa.
There wa .10 Inrh of rr-lpllIUn at
Mllmlntlan and llaleltli nnd it) Inch at
t harlralen .
NIIW VOItrf. Dec 11 Tlie Cloernmenl
tepnrt on tottnn caused n. selisntlonsl lifenk
In prlees on tlie Cotton Kxcliatire today.
aitln ioslllon ilecllitlns; more than B n,
Imle within n few minutes After It ns
Issued.
The Inlnl production In the' United Mtsles
fnr Ilia last neflaon tlie report placed at
It.nll.nnn imlee. nrtAlnst Il.lSt.sso. last
ear. necordlnn lo estimates hy the I'nlleit
Htates llurenll of Crop Kstlmates today.
A renewal of liquidation nail weakened
the market toward llie middle of the morn
In if with Ksiishs, contracts sellltiR off lo
1S.S0 and the stcncral list to u net loss of
nliout 2? to 31 polnls. This carried the
market hack to within If. or 20 points of tho
lowest level rrnrhed tin Hattitday. and while
rallies of 1J or 20 points followed on ov
erliot Ihn lone was still very nerxous nnd
iiiifctllrd Inter In the morning.
Aihnnclnc marine war risks had nn ef
rert. hut the mnlkct was steadied hy wner
nn nnd showed rallies of 15 or 20 points
early In lite noon hour, Just before the
!oernment report came out
tipoiiltiK declines of S to 19 iiolntn were
recorded nt the stnrt nils morning and the
tonn uns rasy
After the call the dtinnnd Increased ma
terially, hut no supply came out rxcept nt
ndvancInK bids, and hy (he end of the first
lifted! nilnillrn rallies of 10 to 17 points
wero nilalillshed
Hal'dil'a rln.r
Iirr.mh
January
iUrrh .
Mar .
Julr
flclolirr
Mpot
IN 74
IH.MI
III (I'l
ln.7
ID2H
.17
111.15
0I
h 70
IS.7JI
ta.h'.
in ox
ID 12
17 17
lllsh.
is 70
IS HH
III It
III .1.1
1(1.11
17 3
t.flw. rlftae
17.7S 17 SI
17 411
is no
17 n
1 a oo
1(1 (0
17 S.I
1H.II
in mi
1S.I4
10 7.1
IS.IIII
Liverpool Cotton
I.IVIJIII'OOI-, Deo. 11 Spot cotton to
day nan In modrrata demand, nt 42 polnls
lower, on the basis of 11 G3d for mid
upland. The sales aggregated 7000 Iwiles,
Including COOO Imles American Tho Im
ports nern 31,000 hales, nil American
The market for futures closed stendy at
a net decline of 27 tf 33 poind
7.
47
4.'.n
lir.'i
-nn
csn
IIKI'.
.s?a
8S
lonlJ
04J
ii In
s
,u
M
112
0
47V
3
O
IT
4
2000 tn 1.1 n i.
28000 Loula A Ki.h 4a,
13000 iianhattan 4a , .,
iooo do his 4a .;;.
11300(1 Mich I'ant D 4a
"40011 M Nt I A H M M 4.
20(H) Mo Kan A T Co lat 4a Til
nOOd 1( 1C A T Okla.Sa Ka
11000 Mo ao rt 4s ; . . . l)J
0400(1 do W I 4a .. . , OH
40OO ilo (la col et 2d ala. 101
IOOO do nil na 1017... . 101
0000 do (la 11)20 w I , llnO
iiiMMi Atom rower oa
1000 .V V A N J Tl Ba,
o.n, r i jir nrsaa cvt
10000 NYU It St.,
7000 do 4a , ,
14000 do ran 4a .. .v
1000 N V City 4s 11)57.
nonO do 4a iss) ... .
SOOO do 4s man. .
400(1 do 414 a 10(1(1
21000 do lU I0S1 ... ilo
1000 N Y tlaa II A P Ba . I04U
4imu rti rt iiaiti i, a iua. nn
T
lot
10T
tins
,. loo no.H ton
. toil, loiU iuii
II. UiK t(Hi till.
, U3U il2. 112V
IntMerMarpf . . . .Wi IISJj !'
ian unr Niuthern .... f, 27 201,
Keonrratt fop sh Ml,' AM fWf
l.ack. Steel Co 100, I()4X ltt'1
l.ariroe (la)
I.ako Krln A Wret . .
l.e Ilubber Tire .
Ix-hlsh Valley.
Looie-ft'llis lllwult. .
Markay C01 pf .
Manhattan Shirt Co..
Mat well Motors .
Mai Motors 1st pf.
Mm Petroleum
Mcx Petroleum pf. . . .
MUml Capper
Minn A Kt 1. ne . . .
Mo Par w I
Missouri Pacific ... .
Mo Pac Ir rfs
Mo Kan A Tcia.i . ...
Mo Kan A Teias pf. . .
Montana Poucr
Nat Illscult
Nat Cloak A Mult ...
Nat Emm A 8 Co
Nat Enam A S pf
Nat Lead Co . ;
Nev Con Cop
New Yorlc Air Drake..
Ncr Yoik Central
-V Y N II A II
N V 0 A West
Norfolk Southern
Norfolk A Wislern .. .
Norfolk A West pf ....
North Amor lean
Northern Pacific III). HI lion HOli
-.1111 111!, lll'i 111,'i
. 27 211 2.V, 2.V,
. :un :i2n :un .'f.'i,
Ml, sin SI 81
Wmtyi 112 ' 22
5 Tvi STn ivl;,
74'i 71i 7l'i 74
74 72U run 71W
. sin on 7on 7n
.107). iosi won won
. OS on III) oo
..4.'i.n 4fl' 45u -tan
. ;n .iin :uin rim,
. :n aon .-iin :ii'
. lfi'i IS'i 17H I7li
. isn w)j isn wi
. II Ui'i 10 w
. -M' 2ii am an.
.ios ws toon won
.121 12Wj 1241 125),
. S.I' HI Kl 811
. .Tin :mn :un an.
won iisjx us os
. non 07 m oo
n si . s son ;ion
.wan iiwf W7)f i(i"i
.won lon won uwn
. 67 .mr, na Ar
. ;un ntn so?. :un
.in,' .'ion son ;ion
.188). WO), 137)1 K18
. 85n ssn ssn ssn
. 72), r.l 7in 7in
" W'
no, mi
llllj, 1014,
101 loiv,
loiH iniI
1(100 N
1 0000
4a
T II wr rf
0000 An ad I Ba .,,
0000 N X T.I San 4H a . .
IOOO Nnrf A Hoiilh Sa
oinoo Nor I'ao prior 4a ,
2000 do rn la ,
IOOO Or. Rharl I. la, fla
SOOO Paclflo Til Ba
T4
4S
ft
L'iH
ii
no
mm
AN
T4
4()'i
HO
SI
111',
"(.
2000 I'.nna 4a 104.
noou
....
OO'i
.,120
0X
o14
12S
ST
U4C
BH
1 Slarlne Stock for Certlflcatea
NEW TOHK. Deo. 11. Th Ksw York
Htoclc nxchsnire "hs removed from tho list
Uia International Mercantile Marine Com
pany's 4H per cent mortgags and oollatiral
trust bands, duo In lilt; tho New York
fTrviit Company's certificates of deposit for
K4 Pr cent morttjag and collateral trust
bonds, duo In 113; tho United States Mort
k&K M TYUt Company's certlflcatea of
deposit for preferred stock, and tho Inter,
wtional Navigation, Company's first mort
aira sinking fund 6 per ctnt bonds, due
fa mi. The New York. Stock Exchange
iCJtsrlag Hpuse Announced that the Jnterna
jtjonal Mercantile Marine Company's com
)Kn and preferred stocks will bo substl-
ijJiea on lonigm a sneei in pises ot toe
pwrtlrlcates of deposit
Extra for Julius Koyier & Co.
XKW yortK. Dea U Julius Kayser
it Company have declared regular quar
terly dividend of m Pr Cent and an. extra
bt I per (sent on the common, and the regu
lar quarterly dividend of 14 per cent on
Ih first preferred stock. The common
sllvljeuds are payable January 3 to atock
bf record December 20; preferred divi
dend February I to stock of record Janu
T 19-
4k ,
llomeatake Sllning Votes Extra
NKW YOKK, Dec. 11 The Homeatake
jUtytBjf Company has declared the rearuUr
MasitUy' dividend et tb reots, and an extra
gst f, Utih parabje 0eaiber if, to utojlc
do fin rt 4L m
oouu i-anna en Oil
.4000 Para Marauatt
.IXoJ juSl!
1S000 1Mb Harv N J OS.
ta el
id',.
0 ll.aillnr ran 4a
Itwr Htr sun &.
sooo Bt Mill do sen 8.
10(1
.11
ii a , . . , Q
vsa (a 1U31 UH
k Ha mft Am 111
IOOO da fill 4a . iKlt
JJOOO Ht I, a K aja 4a . l
Inoil da in 4a . M
a.aa .- .; .' '. , v.
aiixH, uo oar
loooo
ion
oo'
Ion
an
U2U
CI I
ON
102
nn
T.'S
HIU.
1014;
1014,
1014,
yss
104U
AH
74
OS
s
SfH
!,1o!
mil,
ine
40
n.il!
UH
102
TDU
oa
Ohio Cllle 0.
Paclfki Jlall
Paclflo Tel 4 Tel....
Perm Railroad
Phlla Co...f
Pills Coal c of dp...
Pressed tiled Car.. .
Quicksilver.....
Hy Steel hpgj
Hay Con Cop
Heading..,
Heading 1st pf
Heading 2d pf
Republic Iron & H. ..
Republic I &8 pf. ..
Unit Ariz Cop
IJIOM-brierH A I
Boulbrrn Pacific
Southern Hy.' 31
rioulhem Hy pf 69).
113), 118U 114). 110
27J, 3m 271 'J7J
3
fin),'
45
54).'
82),'
;i
581
321,
loo.n
45J,'
lb
351
50J.
4,1
5Ui
Kl
5l)Jf
am
11(1
451.
40
35),
50)j
44).
5.J
sin
2
57)
.'12
108
45).
40
85)
,t
Ofll)
o
A . TOU T0I4 Till.
South l'ao cv 4a .. , 4TU mil u-til
I04H 1011, 104tt
1)2 OJ
OOi
tsooo tie ev ret f b Et.
snoo do rN ( . . . . .
loooo Poulh fae Term Sa
own oouin liar San 4S
on in
iooo Oo con
SOOO Taaaa
lnoou Texaa Co
H
' & i;; . MX JSilH
" -m 'IVY 71 4VU
(100(1 TXe.i Co OV J. . jOfl lOBU IftSU
.!iaTw,r,.w':f:..::oa P 5t
4000 Third AY. adj t, TVj TaW TSV1
r& ta
II H IttiMvatr
statrVlal ft U lla.l al' ft
asooo u K tit aSiAii,
jawr,w,H'..
S3000 Va. 6s Ilronn Uki
JJOO V -ar Chm let Sa
ivuu a wr os.
02
064.
11000 w- T 1st ci r d 4a
lOOOO Weal Md sl 4s, T
jikh) wasi HUora r.c 4a
TOOO do
3000 do
4a
(
IOOO Waal Union
tllUl fA Km
2000 Whvellna a I. Ed'
B B
!fe
101U
T8S
'i
2
W7
ioin
TS
si
If'
T
1411V,
Tog
NEW YORK COFFEE MAnivET
NEW YOHK. Dea IV The market for
coffee today opened I point lower to 3 points
hfrher Tradlna- on the call was moder
ately active, salts amounting;' to 1500 bales.
Today's cp.nl as Mat. cto.
re?,?"r T.MtllM TJfl
htindard Mllllnc.
8tl&8 Kwl
St Louis Sonlhwest pf
6tudebaLer Co
Texas Co ,.
Texas Co rights'
Texas Pacific
Third Arenu.' M)i
Tobacco 1'rodnclj 5(1
Union Use 4. Paper...., 14s
Union llais.Vl'airpf.. Ulli
Union llaj i 1 new... .11,1
United C'Uir Blores DOU
united Kruit wi
. 87!- 881
.1151 IW). 1!(!
32),' 3.1 32) i
. 811 b-') 81
us), int psn
ami ao
OSU 08
.15)4
50)
44J1
5-1
his;
57n
.12
10SIX
isn
45
85
1W)
.i2.n
81)f
08) (
.10
08).
December
Bond List
Issues suitable for
National Banks, Savings
Banks, Trust Funds,
Business Reserves and
Individuals.
A diversity of issues per
mitting selections adapted to
specific requirements.
Scntl for Circular PE-76
The National City
Company
1421 Chestnut St., Philadelphia
New York Chicago San Francisco
Boston ritttburch
win win win win
ar .'W -'OJ 27
. 651J 65 5tn 5411
1201 120U 110 120),
202) 20.1 201)f 20IU
, 25) MJf 21), 211,'
li IH II IS
5tlf
50)
141
htl
51)4
5an
14)
80
113) 113 113
win osn osn
1(11 WO) 100)4
am
5(1
UH
o
Union ridflr 145)j 14S)' 1441 H4)
Union Pacific pf Kl)( Kilt Kil 83 li
H S O I I' J, r, 20 25),25J 25).
U 8 Ind Alcohol ,.VUH 137) 13d 130
United ltrs I nr l'J)i ie) 12) 121
usituboer ecu 00 co;,' can
US Itubber lit pf ...,113) 114 ll.m 113)
USBKJtM 74 7J)f 73)f 7J)f
U 8 Btcel Corp'n 124'f 1251 123). 123),
U 8 Bteel Corp'n pf....l2D 121)f 1211 1211
UUn Copper 122)1 l-Mlt 110h liOii
Utah SecurlllM 24) 21) ( 2-4 2t!f
VaCwoChem ,.. 47)f 48) 47 47
V Iron Coal A O OW C'-'U 01 bl
Wtbub., W wn 5) 10
WS&unplA CSJt 6S5t &7.'
WlbuhvUl 3D 31). 3D
Wells. Kar;o Kip. . .
Writ union Tel
Vest K&M
Western Mirjlsnd
WSliHsl..,,
W & LKwpf ...
Will- QrerUod.
WUconiJn Central...
Woolvorth V W .
Wools Wth V W pf
Worttiisitoa pump.
Worth l'ump pf II
...13Un 137). 13
.IIKS 102( 102
20Jf 20
241X 23
51 53
381a 371
51) 50
1301 VMH 130
Vl&H 124 124
. 33)j 33U 33)
00 68)i 6tn
at
20J
23)f
54,
us
52
67)f
3D
13i
102J
OU
20
23
U
33
60)f
130
124
33)
68)
Frazler & Company
take pleasure in an
nouncing that
Mr. Charles S. Townicnd
has become associated
with them in their Bond
Department.
rRAZIERcVGs
Inuetlmmnt Banktra
Broad & Sansom Sts.
Savannah Cat
1st St, M. 4S.. 1923
REED A. MORGAN & CO.
WKST KNII TBl'HT IIUKI,, P1III.A.
Members of lbs l'hlla. rllock liirhanra
DIVIDENDS
TI1K
DIVIDKNH
llAUUlTrT COMPANY (N. J.)
2?bruirr ,
sreb, . . .
Awil .
May .
June .
July
A usual
Sapta&nbar
Ocubar
KovjHnber
;r4'lod'is
... 830BS4
' a.ib'tiot
." 8.01011 i
. '.',n ""'
T.e
Sui ura.ua
8S-11
aid 8 s.St
8 3aas.i
S41WH42
a4s.Bl
K.B3HS.&S
ii.su?
B IStJi.71
Bx dlvld.oJ National Un.m.llns prtfarred.
par vaiitl jiiiauia wanirai .. j. . 3 iwr cant.
cam I'llls-
doda ilanurao.
SJa.Wtt)! Sluing
t, ixr coat,
Int.rburu rio. warmed, lis Bar.
bursb. Fwrt Wayne and Chloaso. 1
apaclal. 1 Vf ct. Hubbar Ooo
turlns prafcrraJ. IV par not. Uai
itarraa.
nit .. ..
and preterrad.
IU ir CMt .
ir nut. J I
nrst prt.
lis par cant
imarlcau Woela
Aintrlaan lloolan praferrad, IU
Case pr.rarrw. 11. par cast.
ANNUAL MKKTINOa
1'KIOV NATIONAL. HANK.
Bf I'hlladtlphU. D.camUr 8 lia.
Ttie Annual llaclln of th JUtoaknoMara of
thla Ua.uk (or Ina altlau of l)lrctur will ba
h.M at tba bantclna houi on Tueadsr, Jaauarr
S. HIT. batweeu tba Saurs of 12 01. ami Us,
Cssbler.
aaciarea on viii in, nnumgn ana pr.farr.
capital stoolcot the flarreit Company "n"j
sn5 lha Amarlcan Toal Products Company, pi
sb on Januarys. 1917. to common atockholoar
SO. 1618 snd on January IS, ft17. to PratirrtS
atockholdr 1 oJ record aa at tha cloaa of Lualneu
:lo. of Lu.ln.sa li.crmblr
uarr ' IS. fniT. to prld
January 0. 1UIT.
Thtr pas also Man mci.r.d an estra dlvl-
rt ol tV. Via rmrWty piny ,N J T mVJ"Si
urr X5. 1I1. coiowoa stackhotdtra of Tecorj
fc .h. I.,.a fit till, Ink. a rVu.n.. A '..Tl'4
-.t. -1 j-:".t.;-kii--;r,7kr.'i"t"f -. 4io
.narw ww .- ... w.,.v.,,u .,n l.suam
dan'
!n
Am.rl
l.suanca
-.. T-7.... Jj, " 1 - T- T' -. Wii
or m praa.ni uuiaianmoa common capital stock
lor i.w.u,tivH . . v UW......UU aiiwanoioara
ol rr-l M at tha cloaa of bus niaa n.c.mbif
f common atock to tha amount of
nr ma
II). JV.S. rwjmi, ia auoaonoe
January SO. 117.
Pacambar
111 sipln
HRNB3T J. STEER. Tr.,urr.
DIllKCTOaY or ACCOPNTANT3
C!artlBd rublla AtaonaUnts
11
I.AWRKNCB a SHOWN a COl
11ISA1. BafATH TBtBST UUILDtNtl,
Sales in Philadelphia
lllsh
to Am I,oco el
to Am Mlillnt; ,
IS Am llys pf Dili
10 Am Smelt ins
10 Am 4rt . o'4j
ten llsid Ixco so
sno t'ruo Steel .1
100 Chill Cop. 111.
fio Klee Blor S8S,
In Itrle :,
19 Hen Asp pf II
ft Ins To N A SI
too Key Tel . IS'.s
X.11.1 l.lt Hup t'rp 114
xt l.eh .Vav sill,
n iii vni sin
S I, V Tr pfd 4t1,
JDl Nev forts SI Is
1130 I'ennn It It .M
IOS 1'n MjK M n
ion l'hlla Co lU
i do dint pf 41 H
moo i'liiu i;ie .km.
o PUT ir cfs tU,
SO 1'fir .Ms II . IS
tsn Hemline .loan
s.1 Ton del . .1 l-is
127 Tun Mln .
0 Tet A I'sc l.
90 I'tilnri True !!
SO I'n 1 Imp 01
m.t I' H(eel 11.114
si War I A Hi 0'.
SI W ler A S SOU
Mo WrfTCr
do Yorlc
low
SI
U
oin
nis
on
so
SI
tin
ess
nJV
71
17
IM4
IS'll
si
(int.
Si
ao
n
UK
4SH
I0i
S(I14
3S
100
a
Hi
l"4a
4
et
1 mi
OA.
Bl
II
sn
Nl
Clese etise
I I
SH "'
H14
1144,
W Hi
so
si
SIT
n
H
9H
m
H
f V,
II
V.
3ono
iooo
At it
Al
I0(lt
Ul
(111.
'romp linn
Itwy 14
ISO do pref .1014
IIIIMIS
lllah
Allen; Vsl
Is 0114
Kler A I'eo
Tr 4s SI 14
30200 lot llys Is An
eoou I.rll V cons
44s 'Ol.loos,
inoo do kii 4s 01
1300 Nl I'r l.fts AS
11)110 dn 1st Ss Dili Vail.
IS000 Va Co Ren
Hin ...100
30(10 I'll Kleel
tsr f.ff Iflflli
4(11)0 PI) I3ec 4s no
sooo do Ss . .10(11,
.iooo do rls.
1000 IteudliiK
cell Is.
100 Welstiuch
( la . ,
iooo Vntlt llwy
1st r.n
11
S7
1.114
tl
.1
sou
2Y
IflU 1
SAiH
'.4 14
44. 4
4H
? U
tnl W
SS -t
100 14
A lis t um
1H I 14
IA4
in H
nl .. .
IS34 H.
0", .. .
f.0',4
u
TRADING INXOCAL STOCKS QUIET;
P. R. T. CERTIFICATES MOST ACTlffl
. . , 5
National Properties Subsidiaries Report Good Novemt
Earnings American Gas and Electric Declares
Extra Stock Diyidend on Common
tniar. Cloaa
-r
14
Net
cdse
14
sn m
83 Sli
1001!
III
54
0714 14
D3T.
ion ion
sn
on
1001.
90
10l,i
so
no
Ittoii
oo
ion 14
00
DO
Hi
oow 0014 0DJ4 V.
OS 14 psi4 o 4 u
NKW YOHK NUTTER AND KGGS
-Harrlpta,
'i rainni
NI5W VtlllK Drr 1 1 tltrTTIHl-
44117 lut.M Tnlrly nrllv. nn ton aradaa
anmrivhat iinpr,r.i 1:, Ira rrrsmrry. 3Km In
slits, hlshrr aeorlna; 3H' ff.lnr mate ilslry,
..II vonr, "Hirr ,.." un. iiAiiar.i
KdllH Itrrrlpla, 4111 raara l'reah llrm.
sinras. (Inn and hlsbi'r rirat. 431? 45e ra.
frltrrutnr apnrlal markp.1 .13f,r Inaldr rrfrls.
rrater llrata n34(33,i oTTirr btsiVs unchansetl
The market In this city followed the
trend of the New York market throughout
the whole ilsy'e trsdlotr In no Issue was
there any real setlilt', and the nearest
approach to any Mas In 1'hllAdelphla ftapld
Transit trust certificates nnd Philadelphia
Bleclrlc. While the former mounted a Utile
greater In Ihe total dealing's, yet It did not
outdistance Philadelphia. Rleclrla to any
irreat extent Taklnsr the msrket as n
whole, price movements were decidedly nar
row An exception to the rule was Cramp
Hhlpbultdlnr This stock was off nt one
lime ilurlnjr Ihe tnornlnir. tint In the nfter
noon It had recovered all of the loss and
1 U more
Throughout the whole dny Philadelphia
llnpld Transit certificates moved ner a
narrow course, fn tha mornlnc n, loss, of
nearly n imlnt was shown. This was In
the early transactions, hut on succeeding
snles the price recovered nnd hefore midday
n fractional Rain was marked up I.Ater,
however, this was lost. Philadelphia Klec
lrlo reached 30 for a fractional sain and
nfler this 10 was asked for 2000 shares nnd
In Ihe final trndlnsr SOU wan reached. The
last prlcr was within of tho j ear's high
mark The steneral frellntr In the Street
was thnt nothing much could he expected
of the market until after the first otn
In the line of nenerat news, the NJBB
ber gross earnings of the subsidlarr ;?
nanl.t nt tha, K.'. I Inn. I ti....., ' '"' WSaaal
were msde known. The total -was tni tsiWI
which Is an Increase of !i,,i, er iiukI
per cent over the correspondlnr'n.i!sM
last y
with
tl.119.ls9, an Increase of
16 9J per s;ent.
An extra stock dividend
waa declared on th
American Qss nnd
addition, to the cash quarterly ofsa
riant tlAlK a.j, e,.H.Li '
vtss uui win injnuifj slBnUAl7
nuiuern ni rprorn i a4anriate aasa.
ular quarterly of 1U n.r .. L.'t:
dared on the preferred, payable r.Vn.B
1 to slockholdera of record JanuasV tfM
nl over the corresponding mwUiiiS
ear For the eleven monthiVS
Novemher the grosa amounlai-TI
.n$.ns;
of
2 bee I7
a nrt.M.nta a.. . '
: Electric" ci'M
noth are payable January 3 t 23
B Sir eL aa-aff fl..,.1 . .' 4Vfl,I
HEcteRCa
th A CMB8TNUT T N. t ei, '
; unxvTr.
DANKtMi
sns
pR0K,
I ci
l
4 To laeesntiilr fnlU tb
mtanlnr of thua words, )
Is nicessary to inrfact am
,ort of a tsitam wbaraer
en. can not only save, but
alio invest bl, savlefi. .0
as lo Insura tha maitmum
lncom. yield commeniul.l.
with .ftj of prlnc'.pul.
I A raadr-mada combination
aritem Is within jour (rasp la
"The Twenty Payment Plan"
ani
"InTestment Opportunities"
l Tba on, providas a ren.
venlaat wsjr of accumolat
Inr dl,W,n((-p,jlns i.curi.
tlis of undoubted merit, asd
the other ,uc(ftt which
Imum srrr'sent tba b't
purcbim.
4 Tboia who are Intaraittd
In settlnr tha moit out of
thalr .urplui fundi ,boul(t
not fill la rccularlr r.ceirl
"Inveitraest Opportunltlia."
It will ba seat, utMoal
rAsrpe. beilnnlnf with tba
presant tsauf. uaon raqurtt
for 33.fl., lncludlai booklet
ipl.lnlnr "Tba Zwtatr
r.jmtnt risn."
' itvttmr MTtVi irirkv
(aiiaoiifara ivvoi
.1.0 Exchsnje Place New Yorlc
9
Voluntary Trusts
Persons wishlngr to establish Trusts for tho
benefit of others or for their own benefit can
do so by means of a Deed of Trust. .
Such Trusts can be started with a modqrato
amount and additions made thereto from time
to time. The right, can be reserved to chango
the Trustee or the Beneficiaries or to terminato
the Trust.
A less formal method of accomplishing tho
same results is by tho appointment of an
Agent.
This Company will act as such Trustee qr
Agent, and also take charge of the details o
the finances of Charitable, Religious or
Educational Institutions under the supervision
of their officers.
Correspondence or a personal
interview cordially invited.
Commercial Trust Company
City Hall Square
1
3
Foreign Loans in America
Thirty-eight issues of foreifni securities now dealt in in
American markets nro briefly reviewed in
Our December Investment List ,
Tho List also presents our current recommendations as to
home investments, with incomo ranRinj; from
4.10 to over 7
1
Copies on request
Edward B.Smith &Co
ESTABU8IIED 1892.
BANKERS
Ktembtra New York and Philadelphia Stock Exchangti )
1411 CnESTNtrr Street Philadelphia
fl
30 Pine Street
New York
IWERRITT OIL CORPORATION
CAPITAL STOCK
AUTHORIZED
$6,000,000
PAR VALUE
$10.00
From atttter itgmd by K. C. SchuyUr, PrtMinl e th$ Corporation, undtr daU of
Dteemltr 5th, 1016, ist summarize at foltowt;
OUTSTANDING STOCK There
balance belnp in the Company's treasury.
PROPERTIES:
is outstandlne U.750,000 Capital Stock, the
Thf fn n W aa 1 MtatHd Uesaa a aa .... I A - , . .. a , . , aa
fi.id of wvomina.. .. f-iT;-.r r 'Jrjii,:..,"vtr"" ,n,.,.ne..n"".oiJseu,K nu9t
a Kon ,,,. ,V. "i,i.i.w i ii. .' 1 U""'VU inieresi wim tne unio Ull uompanv in
ait J ,r ct' ..,n.i" the, eiulralent of 350 acres owned by the Herritt Oil Corporation:
oi'.f.v. ?nra Bdi"'nif ld 600 acres on the South: All of 280 acres adjcinlnr.aldtract
fhe West .nd:rnnilm,lVld,end " f" "' .'" "ut 3 000 acres adjoining the BOo'ifre tract o
o TM Ver fZMUuVtl ,h' c:nU'X p,Tt ' ""Dome, this Interest betnc equlTalent
inB7B,o vce anduasmp;,a,hrrDom.. on tho ede" of ,he fle,d- nd fi end"yor
whI"EL ATIONS WITH OTHER INTERESTS j The Midwest Reflnlnn Company.
Merrltt OH Coreo? ol!ntTh.Crr1 " t" Wy.minr field., own. a substantial Interest iS th5.'
mSp'of'i Sn 2hffnnuJ.Vl?V M" SeTsct' f ,nU"'ted ,n ,h' PP'X through own.
IMPORTANCE OF BIQ MUDDY FIELD 1 The
larco productri
lieia since
a depth of
t. e V.is Muddy field lies 18 miles east of Ca.per, Wyomlntf. the site of tlie Midwest
Refining; Company p Unt, The principal oil-bearing; structure of th. field 1 a "dome" about
4 miles lonsr an! U. to 3 mil,, vfc., Tiy,He fn extent th. Jamou. Salt Creek field It
Wyoming;. The principal source of supply 1. the Wall Creek sandwhlch for thickness and
homaV "turt,on' "inB to experts, is rivaled only by the B.rUe,Tll?e .and oVokla.
The Ohio Oil Comuanv has nalt iKonann . . t..i i. . , lt. ...
fed!!? S!.' i ''A' d hi. .UoVcVul
tinhAflatisa m 4U. sA.U I. .Lt.L
, r'" m iiiiu iu mi 1 bit
..vsuiMfcn ma luciitju ia iiiuzirniea dy thfl netivitv nf insMoai w alt .ka
p coropanfai ot tho country In ateklnr to irmilrs. uulIp. i u 'm- ijj
tlie ilerritt Oil fc Gal Comoinv rtcintlv ftim-ii- . u.u tH u . u Wl..i .7 i .1
3.U5 feet, considered to bo nod for 1 000 barn.:. Th.V" wb """ u"" "nu "
aet I n X - awsv va,MVs, g4
Miawe.i nenning; vompany owns considerable holdings In the
and Prairie Oil ct
field.
V... ...... I -.! !--.-- - -'-a. .-7. T --- Mii
" "" " or own acres, and it u under.tood that th. r.rt., on r .J
Rir."'"!. ." n, "."f"' A?.U Oil rroup): in. Producer. Oil CompanVHexa.
ittVcs in the fl.id. ' 7r r a'ar i"u " corporation), are seeking t6 acquire
in Ala!"1" U CorPor,UD' lt offltfe b " occupy the most favorable po.lUoa
All itaUmtnt ktrtln art btlitvtd to bt aeevratt, having bitn obtaiatd from official
tourctt, but fA.y or nof ;uaroaftf. 9 oo.ataea row opetai
A block of ihe above stock available for sale was Imme
diately disposed of at $9 per share, and this advertisement
appears only as a matter of record.
CARL H. PFOHZMEIIVIER & CO.
4 -
KIjECT0N8
Sjtw for Standard SaulUry Mfg. Co,
umSSUM
25 BROAD ST
TUAL NATIONAL LANK
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NEW YORK
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