'yifflywg'ii'ftfa1"-''-1"''1''1,'
3,4
J3VJtafG I,EDGMlPHlLADELPilIA, WfflU&X. DtiCmE&B, 12, 19X0
Wwsjop
" '"rrf rirrf in.ift etun
FINANCIAL NEWS
ANY'S PEACE POPOSALS faAKE
-, STOCKS WEAK IN WALL STREET TRADING
,'
iffi
Igffiies of Pivo Points Arc Sustained in Issues Like Steel,
r'iunerican Smelting, Utah and AnacondaLosses
in Specialties Are Larger
mi
-; :ri, N'BW YOIIK, Dm. 12.
''fti street was made nervous twlny by tho curly announcement comlntt from
'J8rIil,",,t Qe""Bny In renrty Id conililer fence tirflposalii. Somehow tlio Street
f ljfgfll lo ln conclualon that this meant concesBlon. by Germany Hint the Allien
would tw) tjound by tlio laws of humanity to nccortl.
V Wften the full text of von IJetlimnftn ifollnff' nddrcdn In the Itolclistnt; wnn
ubUiheel there wn nothlnfc to bo found In It lo confirm thin njwiimtitlon, but the
c i& gf ,ne B""et won auch that It wait willing to tako any statement tr develop
S4nt nn nrf Incentlvo for BellltiR stock for holh loiijr nnd short nocoitnl.
'L- "iWcei, Bnvo way easily nil IhroiiRh tho list nnd declines of 6 points wero
sjaeUfned In euch Issues ns United Stamen Steel Common, American Smolllnff, tlthlt
Copper nnd Anaconda, -while many specialties, Includlntt Cruolblo Sleel nnd Hath
tehim jEftof, dropped from B to 27 polnto.
Most of tho felling on thee sovcrti decline came from wcslern houses thnt
have for somo tlmo been carrying not only largo amountn of stocks, but lmvo
been committed to the bull sldo of both wheat and cotton, nnd tho losses In those
staples, durlncr tho last ten days seriously Impaired tho prott'ctlnc; mnrRlni. Tho
condition of tho market was technically weak Ions; before the C.ermnn announce.
inent waa mndo nnd liquidation had been forced at tlmoi by tho curtailment of
I TrflriUlriM mnM ... l. 1, I ..I .in... ..,. M..i.IhI Alia. UBaaiilxlln.. t .illiiul aitj ......
vtfti,p.iii nvkuiiiiMuuuiivii miii-uh'm iiyiiiiini .ill; iiiuijuiiiiiuil ill )viiiroi nun i.i,.iu,i.
Important Intercstn In tho copper stocks had dlspor.cd of a large proportion
of their holdings nt tho high rnngo established iv few weeks w, leaving tho
Blreet to carry n, load nt ntcadlly declining price.
In today's market Importance wbb ngnln nttnehed to the money nltuatlon
because of tho fact that call money again lonnori nt 0 prr cont, but when tho
Chase National Dank sent In (5,000,000 nnd Kidder, I'cnbody & Co. Kont In
7)900,000 they found It lmoosslhlo to lend It oven at 4 per cont,
TJilg disposed of ntrlnnrcncy In tho call money market as nn Incentlvo for
further liquidation, but tho decline had gathered too much lmpctutt to bo checked
by tho casing- off In tho call monoy market and tho Into trading1 was marked,
in some stocks, by more urgent offer thnn bad been noted nt any preceding time
d urine; the day,
Xho war-order stocks. Including Industrial Alcohol nnd Cruclblo Bteol, wore
at tnolr lowest lovel shortly before tho close, Tho railroad stocka noted In n
splendid manner, whllo tho Industrlnln and miscellaneous Issues wcro under
pressure. Union Pacific was In good demnnd nil through tho day and allowed
only a moderate loss when the market closed, Heading, .took Island nnd Now
York Central also woro well mnlntitlned, nlthough thoro wim enough aelllng of
thoso stocka remitting from liquidation of apcculatlve accounta to force them down
In order to reach n market.
Tito foreign oxchange im.rl.ot was illroctly affected by florman ndvlccs.
Earjy in the day crown chcclm on Vienna sold nt tho now low record of 10.05 and
relchsmnrkH sold at C5?i, but later In tho foronoon Instructions wero received from
'Berlin by German banking Interesth to atop selling marks and kronen arid nt
once rclchsmnrks rallied to 08 and kronen to 11.60.
CURB ISSUES DROP
ON MOVE FOR PEACE
Speculators in Outside Market
Fear Announcement Means
fw """z
NBW YOniC, Dec. 12. Tho Bpeculatlvn
Situation on. the Urond Street Curb was
acutely disturbed during tho cntlro day by
1 tho German announcement that tho Central
l'o'8rs are willing to consider peace pro
posals. Although tlio.o was nothing early
to baso any opinion on as to the character
of tho peace propositions' which may bo
made or the manner In which they will
be received, the Htrect nt onco Jumped to
tho conclusion that the announcement
roeaiifc a nearby nrmlatlco and a nuopon
Won of war-order business.
The copper stocka. In which largo specu
lative accounta had been created, -weio
ureter pressure from tho opening, with
MiiKi'im showing pronounced wealcnctis nnd
falling In the first hnlf of tho day from
HSM lo 3SV4. Mldyalo Steel dropped be
fore jjon from l7"i to CW, und Sinclair
Oil declined from S',4 to 03.
Cerro de Pasco yielded nbout 3 points
to 38H. nnd many of tho other mining
'stocks declined from 1 to -t jiolnta. Char
coal Iron was exceptionally strong, Boiling
from 8 to 8H.
Tho motor stocks were among the weak
est features, with Chevrolet falling from
113 to 165,
INDUSTniAW
New York Bond Sales
Anurlran-llrHlJh Mig . . . .
Amtrican Marconi .......
-Amerlcin Wtltlnr l'aper ,
C'AiutrtUin Cr Co
Can Car ft Fdy pf(J
Charcoal Iron ... ......
Cnavrolct .Motors ,,,.,,
Cartlsa AeroDl&na ........
Kmtron rhonoiraph
frai t
I
cicfterai Motora w
Jf.ik.U & Uarlur Car
J lunar mr .,...,..,
Cuthodlfm Uronm pM
Jlnxlnl Munition! ....
Jlanht!n Tranalt . .
.BHQYaiQ nivei
fllta.EUyator
gT'wt;;::;;:::::::
pwiwin, eiutora ,.,,,,,,.
Tftrtrm llotors
mibmarln Uoat ,.,'
TrianKla Mini ...,.,,...,..,.,.,
United Alloy 8(eet ...,.'..,,.,
TJilHwl itotora .................
1,'niua front tiharlns . .,
TI U It It com
o , a, ij u pa
ni.i
::::: t?H
:::: J-
, 8
,.,.. H
.,,..ina
.;... si
10
.,...140
-I2
::::: ai
:::;:
::::: SS,
21
va
12
a
il.i
a't
B.I
sl!
Aaknl
21)
m
2H
ini
j mi
4S
20
H
2.1
DV
t;i
1
8
i
janoo Albany ft Bu HHi
fiitiil) Amur Aar cv l)n
diiuw un un na ,,. . . .
1011200 A nalo-Fr r.
lH(Mii) Am Karrlitn He .1.
27nuo Am Hmflt Hno On...
2000 Amrr Til clt -in...,
4UIMI Amcr Writ l'ao Bn..
nafioo Armour C 4ft .,
1.1IUHI Alrhl.nn Bftl i
, 1000 ilo nUJ 4 ,
'4000 ,jo Aril 4a ,
2IIUOU do ct la iDllll ....
2000 Araonllno Oov (!...,
200(1 Atl'li t,'u I.I no lat 4a.
BOOO ilo ell la
iiiiiiii Unit Oltlo :H4a ,.
11 lino ,( 4
14000 iln ev 4Vta
HKio llrook i.'lty lat r,...
coon Can tlovt Sa 10J1. ..
Iiioisi lo IW2H ,,
noon ilo 1U31
noon Cnl n A uiro ,l .
Bonn cent lathfr li Oa.
lOnn CVnt Van ll Am. . .
lOliitiil Clilll Coniwr 7a.
241100 Chra h Utilo 4.a
oiir.no rfo ronv r,a.
20011 Chi Ot UVat la .... Tl
lr.llllll Chic Un Hta 4Wb IIMlji
IIH
ltliili. Imvi 3 p.m.
. H7J4 HT'4 h7W
.lim Ki:i loa
. 111 u2 n ii.i ;i
UT? W
link 1UU
111(4 HIS
i.a
IMH
HI,
null
llllU
112
0.1
HI
01 ti
11:,
ion;
hiij
ll!tt
Oltj
10 1 M
112
U.lH
&
HIV
!.-.
111174
IIUW Wll'4
iniji imW
mill nits
oa ni
....1.11, ia2; last;
H2S 112S uaft
niV' uls l'4
4II0IHI t'hl 11
71
Km';
A O Jnltil 4n . Iina 11114
-- w, . ... r. . - , -at
iiimil no son 1 O.Ti lll'i
l (ton Chill & Q III .Tin..., Kill mVi
Sliion o M flt 1' rM,4V4a. iitt ii.i
SHOnil iln iH 5 IIIIV, KM
BIIOO iln 4a 102.1 0.1 11
vuiiii no cv 4a... liiOH
noon Chi It I & 1" rfd -la... 7il
noon iio na., 77W
41000 ilo Ba ct nn aln.... Tt.i
limn Col Mlillnnil 4a. ...... 2(1
2(1011 Col 4 Houtli lat 4a ... K.lH
fci,..'. (IU
I 4a Hit;
13TIHHI Cltv of 1'arla lid 01JJ
o a iiua nit 4a. .. . iihh
iiii
711
774
77
20
IMS
s
20(111 Iln
noun tin Miuin mi ini
iiimn Orn ft Illn Or 4a.... hoK
niiuii no riu an,. ...... nt
1100(1 nia He Corp 0 72'
22000 urlo aim 4a
lonoil ilo I'onv 4a Har D .. H
HOOD tin lirlni 4a H.I
41100 Ft Worth & I lat Da.lo.lU
lRiion ilrnnbv Co (la ,107U
imnn Uen Uleo dab Ba 10.1H
80011 Tn.llnim Hlrrl Ba lilt",
20(i(i town Ontrnl rf 4 . .. no
Soon I a C B I, 6 N O Ba.l(i2
1200(1 intern Mel 44 ..... 7.1
2,'iO(KI Interli It T rut Ba,,.. Iih4
moon Inter Mer lnr (la.,., ass
iniiiu inierni i-aper oa ....inir
21H111 jap liw IHa
.'iini ix A r. na
(HJ
.Iliad
7X00(1 larlio hlral Ba 10.1(1. . 111.1
iniiiiii l.ako Hiiora ifrn av,a.. HHU
.. u.i.i ,,l, ..v T IWrf, ..,. Vd
siiwi Iirlllnrd Oa
novo uo la
Kill
::::;i
hW
n t.
on
10I-
M)K
1,7 .
72',i
73
SJH
WW
KlBVi
KIT
10.1U
lll
BU
103
I'S
Inn
ssi 4
1IMI
ll'i
U.I
71
10IIU
urtS
n.iT
Kll'i
o.i'J
n.i
lolU
li.l
loo 14.
7
7?
211
tl.Hi
KUi
11.1
Oil
Jill
hllS
007
72Vi
7!l
Hl'i
m'J
lo.iV
1117
10.1U
101?
Bll
102
7.1
IINli
11.1
ion
liwjf
l""
i(i
li.l u
tltltf
'Woria Film
Tlfrck rlnit com ,, 42 42U
Jtoctt laland A pM ...., 01 o.l
Itaelc taland II pM 7H 77ft
Weattm J'aelOo w I 32W , in
Weatcm I'actfla pfd mil ' auU,
nvt"b-rittbureli cant 2214 savfc
.., ! STANDAUD Oil, BTOCKH
Ohio .....SN.1
HUndarrt Oil of California M
standard Oil of Naif Jaraajr Oil.,
Standard Oil of NaW Tor 270
, ,. OTIIEU OIL STOCKfl
CMdeaJ)!! ,,....., 14S
Coadao Co 17
Tnstrnational Patrolautn lit;
KetiatonOU , 33
Blnttarr 0.1
SapBlpA BallnlDa- 10
. . MININO STOCKS
ihlta CopMr and Klnc UA
MqttaHY...,, if,
gyrru d Paaen ga
grat. J.atlonl ,.,,,,,,,. 4
aiiMM OoMfltld . . , , o
"JtoldCaSd Wersar ,. T
SiSSHV. ::::::::::::::::::: h
1tH ttltfa- . sa I
ma
Son
.LIB
S7S
70.1
A-lf
All
HS
10
11
1,,
SUV
5
5
b alr- ..,..,, B8
L&o naiaoaion
lilUr-Oarrub
Cfipptr
r 4
fa tit ltna.lp.
tiM junea to
, sj
h
::::::::: U
fei' r
ST"rt"i. vi:z-
Wiat Snk CanmAitWm'tmA '.''.'.".'"" "
WWt Oaka , ...,.,,
BONOS
AawWilaliuw '... B8H
(tkttttk & thtxmrn Sa ... :.... 11
mi4j mt ti ..:.,...:..:.: si ijf
ujiUn BH flu UK
h
17
85'
U2
eH
".,
200(1' r.nul, A Ma.l. 4
boihi Mo Kan ft T Ba
7000(1 Jio 1'uo ct 4a ...
12(10(1 do rt ata 4a .,
12S(it1 ita v I li ,,..
12(100 rv rt ona ata
fiiiiHl do mm lla ....
Kino Vul Tube Aa .,
fliion N V C ft llud da
lmina do 4a
.17000 Ui 4 ',4 a ,
ii.nn, ,i, .-UK VM ..ai.i.
r i-itr la iusu...nn
lo lUa 111(10 10.1
.1,1 4ii a inns lout
ilo 4lfa J0V 1IIS7..J00H
kii'4 nn;
127Hi J27M,
11.11 U
jonn ff
JIIIMI
. . Bll
..till
::?5ft
:: SH
nnia
0000
niioii
soon NTNll
mifi
limy
IK!?
!V.i
t A It tla ..lltra 111
nil J Ba- ..... 404 411
Bn 44a ... Uril UH
prior 4a .... H 114
trmn m HtllL ,1.1
"IIIHI N V Itwv
"SOOO N V Tell
lloim Nor I'no ur:
Bon Nor Tan sen 3a BOW
300H Ontario Power Ba.,... 11.15
inoo Ore Ilwv ft N cn 4a.. HSU
SHOOK Ore A W It & N 4a.. Ml
100(1 Or., ft Cal Aa. 102
noon l'ao (laa Ba U2H
110(10 l'ao Tel Sa JOiHi
BOOO Pad ft 111 4Wa uuH
BiiOl) 1'cnnii 4a 1U4H UUS,
10(1(1 do en 4!ja loil
Bono PcCANt I, .i Ber t.lo.l
lnno Iteadlnic gan 4a ..... 01U
BOOO lllo Ur ft V lat 4a... 7tt!i
iwh, ni u I it a n II fll
200(111 lit 1, ft H r' nja la...
71H11H1 no m a
ISNiion do Hr A
B300O do Her II
snonst, I, wn it 4
8000 do Ba
1200(1 Seaboard A I, a J J Ba
ouihi uo rii aa
8
R'JJ
7SV4
iiHt;
win,
nn
14AH0 South l'ao ov4i .. . . . H7U
ao cv ret I p oe....iuiw
soon
lofMi do rM 4a.......... on
Jfloixi South ltwr Kn 4a... 7B
'4W10 v do con Ba lrtlS
liuioil Term Aaan Ht t, rat 4a M.ll
jnoOTeaaa ft l'ao lit
IMiOO Teiaa Co cv Ha
lira av ret
no aui
L
Financial Briefs
f Jit the stockholders' annual meeting of
; 4k Belmont Trtut Company Edgar if.
IKspull was. electca to dl a vacancy on the
TOairO- t director.
KMvUr 8. Mona has been elected '
rtfeBj- o the Teatb National Bank tQ fill
T; woanqy cautt by the retirement of
'Muiel B. Vrooman.
T f0lll wre admitted to the re
Bhtr Ut of the Phnadelohla, Stock Hx.
chut todmy: 5,Q0O addittonal Wl
h4t Company eoUateI trust 30-year $
mt-mml KId bends, due 1910, and 1100,009
iuUUUiEAi first mortgage S per nt It.
amp 1M beadsi ot Ut KeyatonsfTolephone
attWWIya PMImdelpbla, d Jf J5,
& gmwtm itifm nw arn Huuireiis
Lwtteidax i,IW. and ! lwt
gy gmmm f iw,vj,vww.
Jwdotj Stock Svehange will be
?jajl m 6f Saturday twere 0hrtst
iwwl am tvm&tr J
s1i4IW Jb aaj
BBBWS(r
i
!OO0 Tbi
IMKl I'
(MXI Tokio Sa
noil ir H H
enoo it H Ilubber
da., inn Vi
.... inn
.... JI.H
Vf iM
.. . ....i . . ,..
It nt i lo;
Ba
.?!Ht&
na ltuu
K Ba'J.'JlHli
HKl Onion lao lat 4a
Ot.OO dn'fw 4a 113
:iW8
4WHMI II S 8tI M
4S000 Un. K of Or. It ft
auiiu union l'ao
lOilOO do ' 4a
lllklll do rfd 4a
iOOO tin llwy H P 4a . . ,
anno v u limwn liroa
flnno Va Car Chin lat Ba
j man, oo u-
K1HX1 va
4UW1
7000
af
iafc
tin'.,
85
I'lH
S8!i
B
IIOM
im
New York Stock Sales
1.1 at
eloaa. Hlih. tiw.
AcDleTM (V1W m Ofi
Adr Ilamelr 18 13 17
AJk Itnbher HO 81M 7I).
AhiVadM 12!, ?( 12t
AlAtkaJait 7J( 7 7H
.Mlrt-Chalmen Mf .13H 3l 2U
Alte-Oul Mfj pf ffijH 8J!X W
Alrl AKCtweaVal tfllf "01 OS
Am At cmatpf.. .:.,.. 103 10! 101
Am llrtt tfneit UH II) I tiSH
AM 03 Ml: ffl ATiK
Atnl-Anrf 1MH 1HH 1M). 1HH
II o
ti m.
Ol
17
RO
mi
WW
88)4
W
iai
03X
Ml
3.
tSh
A2
7dl
mi
2IU
10
l
f-l).
,ir.w
72H
f!ffl4
SIH
A3
IW
73
CI i
1BH
72
2H)i
SIH
87
10
110)f
Am Cur A V&r-
Am tlllO! on
Aln KM & Uilwr.... in
Am llkti & l.pf 17
Am lee BreorlllM 30H
Am Uiwrd ..., Wi
Am l.lnecd ft ,.-VlH
Am Loromotlre- ,., WI'I
Am Malt Com'a 10H
An Smtll A IW 11.1K llilli
Am Smelt A It U llfl'i ItfM HUH MAf
AmSimr Itarinlnr. 1MH MI'i lll'i HUi
Am Stwl roumltw 71 VM'i COU 0H
Am. Til & Tel ..1211 1351, ISMi 125U
Am Woiln M' MH Wi Wi
Am Willlnir V pt (Vtti K'l'f l'J 02
Am z i, as r( m mh mli
AlilZI,A0rf 7H 7H,'a 8 78
AinoonOM.. Ill !KJl ffH f71j
"tchWLH v pf Hint, iixi iou!( lrxiu
All CoilTl.ln(! M. 120 12f)S 120 120
AtlCIiilf&WI llllf 11.1 i:b 133
All tl & W t pf 7IJ, 71f TOIf -)U
iiiid i)i vic4 7st( 7nja n 7fl
llaltAiOtih W,y. MH HIU K1H
Rtit ft OliU pf 7t 71', 7-llf 7I
llirrdt Co. 1015, 1C3U 1W lfi'J
ll'lhlctiem Reel 02(1 Oil) fi'J!) WU
liothlcnem fliwl nf
Ilfookljn Itap Tr. . ,
llrooklrn Union (lis.
Ilultn A Dup
C'l Petroleum
C.il I'elioleiim pf
can.iui.in I'sclNc.
loo IM in i iw)
ftV 8J 8.1 83
lltlH MtH li' VMl
o'i os ajJi or.ii
2fi 23t, V31S 23
rS fi7H 17 o7
in;,'! im liitu louj
ni.i
Ceati.il leather 111).'' 11W 10.1
Chandler Motor 112 110'i 10
OIim.VOI.Io ntlW (MUi MU
Clil Orr.it Went 15 11 11
Chi tlre.it Went pf 12 il MM
ChlMII&8t P JU H-' Oil
C UU ti SI I,
Chi ft Northwrtlera
Tot tin x i:iec....
Chi R I A pc
Ciillo Copper
C.ilno Coprr
Col I'iicI A. lion... .
Compt T Hoc Co . .
Ccnwlldalfd (in...
Coin Products Itcf. ,
Cera Prod Itcf pf Ill)
cruclMo Hteil N3
Cruclblo Htcel nf.
Cuba Caiiu Humr. .. .
Ciili.i C.mo linear pf.
IJrcro 4. Co or ....
Den & Itlo Itr pf....
Dlitll Hvf Corp'o....
Donio MlncJ
Krle
Kilo 1st pf.
CO Mf W,if
12tv; 121 121
.iss isi; ir
37,'S :wi
20H 2.1
(U'a W"i
ri r,2
18(i -IS
l.'H 1B2W 132
20 2I B-Ui
111'. 107 107
82 r, 7.1
120K 120), 120H
am fi..)j wij
XV. t
2r
Ofi
.1IH
'111
VM'i
W.i
im
0.1
it
10J)
r.uf
121
v,
2SM
r,i
IK
.rjiji
. oo.
. Ds'i
. P'JI'i
. 10.
. -12H
. 2li
. .'10U
r.u;
osu
10,'j
12 i i
12
2()
:!()!.-
38
OS
ll'J
tl
10! J
'.'OH
3.15 j
)
us
omion w a w :i8i;
HencMl Klcctrlc liHH 17fJf lMJi
Ooodrlch II K flSIf 07ii 1.7
Granbjr Consol luW 1U1), IHI
flrc.it Norlhcr.1 pf nr) 110.',
O N rf.4 for oro prop. .. . -11)5 illi
Orocnp-Caiijne.1 :,0U W) -11)
(lulf Stale, Kleul 10) I.K) 111
Hoinnataka Mlnlns 133 lilt 13t
Illlnnli Cent 100H 10-111 10.1
Imp Con Cop.
Int Agricultural
Int Con Cor v t c sh
Int Con Corp'n pf. . . .
Int Paper
Int I'awr Pf
Int Nick v t cfj.
(17 (Kljf
2l!f 21H
. 17J. 173,
. 72)f 7.'Ji
. 0.1!, 03),
.M7H 107
10!i 47
IntI.IcrM.ir UH -Uf
Int Mr: Mar pf .
Jewel Toa
Kan City Southern.
Kelly bpTIw
Kciinccott Cop h...
Uck Steel Co
Lain Ilrlo X West. .
Leo Ilubber Tiro. ...
I-cIiIeIi Valley
1o;o-WI1o3 llLicult.
Maicll Moton
..ur,;.
.. Kl
.. -0)i
.. 72) j
.. Cfi
. .103Si
.. 2SH
.. 32
.. i);
... 2-lH
7UJ,
021
21
i7ir
72)i
01 '
10.1
tllf
tOJ,
!!" now
Mat Molon 1st pf J W
May Dopt Storca..
Mm Petroleum
Miami Copper. ......
Minn & St I, new....
Minn Ht I' & 8 8 M.
Mo I'ac w I
Missouri Pacific
Mo I'ac tr rfs
Mo Kan .t Tolas
Mo Kan A- Texas pf.
Montana Power
Nat Cloak A. fiult....
Nat Knam & 8 Co...
Nat Lead Co
Nov Con Cop. .
Ml.
.107
..4SH
30).'
81
20H
70
Mt
10.'!
251,
32
80Ji
20)i
70)5
iWi
CI
lOllli
Uii
30
.usK us?; us
. 3.1 : 33'.
. 17 17JJ
. 18 18
. i)4 ll'i
. J0)i 20
.lOfllf 100
. Kl b2)S
. 3UJ 3Hi
. 00 KH
Mi 'Mi
08
1-0
12'i
41
20),
3.1!
f.0
:i8
171K
117
m
110!f lll'.U
30'' 3I1J'
JO
Ml
131
10.1
0.1
21
17)f
7J),
01
111.1
Ui(
m
11 Oh
bO
MH
70
r,Wi
oo;
2)
32
E0!f
2.1),
07
70
0.1
102
UU
30
118
31
17
171,
0
20
100
82
30
01
20H
81
2.1)j
70
fiOVJ
DON
23
32
80!f
.2.1VS
P7
Til
05
102
41)X
30
17
17K
0
20
105
82
30
05
20
New York Air llrak....l(SSU 10.1 ir.7 lfiU
New Yoik Central
N VK II . II
NY 0 a West ,
Norfolk Southern....
Nuffolk tc Western..
North American
Northern Pacific
OhloCltleid
Oni'lU llottlu Mach..
Pacl.'ld Moll
l'cnn Ilallroad
PJillaCo
PltM Coal e. of dp. ..
I'lttsuumu Stnlpf..
1'rcued bleil Car,...
ItySleel tipiji
Hay Con Cop ,
lto.vll.ic
Itenubllc Iron & 8. ..
Saion Motor
Bcalioard Air Line
fteari, Itoo & Co
Khat Aril Cod
Kloss-Sl.ef 8 X I
Southern Pacific
bouthero Ity.
.10(l)j 100) j 105), 10.1),
... sai wwi oui oSH
... 31 30)i 2Wi 20Ji
... 30), 30) i SOU 30),
...137)S 137 135JJ 135)(
..71 l 70), 70),'
...110H 110)5 100)t lO'J'i!
...HUi 112 110 UO
...102) 102 102 103
.. 27 10)5 .25 1-5
.. M',i mt CO 50
.. 41 v.41)4 41 -im
... KM 62 Wi 47i
...101 1033f 10i' 103i
.. 81H KI 7M 7)j
.. f.7)5 C7 Slli A3)j
.. 3IJ 31H. 20 20
..108)i lUS'a 105 105
.. 85J, 85. M) 80
... 77 70 .70 70
.. lOJf 10 10 10
..2.10 2;(0 230 230
. 32), 32 30 30
.. 80 7!) 7-Uf 73
IKS) 5 0S)5 !)) 07H
3(1 20). 1&U 2SH
20 JU
Va Itwy Ba 1111 il off
W.at lilMlrlc Ba ...lftJ ,1M jne
LONDON STOCK JIAJ1KET
Small ' Selling Outbalances Support
nnd Weakness Results
T.0NPON, Dec. IS. Small aaiiini- out
balanced support on the gtojdc Bschange to
day and the market aa a ruU wero Inclined
to sE- ISusinww was quiet. The gllt-edifed
aeetlon was maintained.
A general financial KUUcient on the, In
troduction oC tho pendlne veto of credit In
Parliament was awaited with Interest.
Americana receded and wera unstable,
followlntf New York. Disappointing earn
ing caused dullness In Canadian l'aclllcs.
Jloniij rails wera quiet and mlxJ. Maxloan
wer hvy.
Ferlmrs wero slow SUadlaesa was
noted t4 ItDMiaas. A rurtliw tt(Mt of Rus
elaii eredH bll ivaa aawed lre. Mine
fre ttu, HMttjOW Vu' aod W Wt
aoitsfiw uatn. UiJiw-
'fflnaipets tkA(.l4avv
atgMJa W3 111 it I
SI L & 8 T w 1 27)4 20)4
Sttnlebaler Co 120)( U0!( IU'( 1UM
StutZ Motor ,h tti.'j &'t 02 02
TelM Co... 200)f 200 100)4 100)1
Tciu Pacific. 18 18)' 18 18
Third AVenue 0?, COtj .10W 50H
Toharco Product fid 65)i KM KM
TolSJ I, & Wrat... 12W 10 10 10
Union has & Parer 11)4 11)4 13)4 13)4
Union Dai; l'nc'...,llt 111 108 las
United CljarStorJ..,.. 08)f 00 US)4 08)5
United Fruit ISS)' l&SM 16.1)5 155)5
Union IMciflc lUSi 111)4 H'l). 113)4
UHQIl'&P 25)5 25)' 2254 22JJ
USInd Alcohol ,130 135 121 121
United HyJlnY..., 12 111, 1U4 11)4
United Ityi lar pf 25 23J4 25;; 251,
UHltubber (1814 OSW (15 05
UBS It AM 73M 7J)4 72JJ 7JJ4
IF 8 Kteel Corp'a 123H 123 110.'i 110JJ
US Steel Corp'n Pf.... 12114 12I)i 121), 121),
Utan Copper 120U UWi 115)4 110
Utah Becurltlai , 2i( 25), 2.DJ 21
Va-Caro C'htm ,,,,47 40)4 45 43)J
Va Iroa Coal & 0 01 UO 68 5S
Wabub l&U 15)4 15), 15)4
WabasapfA ,.,.,.. 67JJ 57)4 &0f CU)t
wawun pi u at .11 uu
West Union Td 101H lOllj 101
WtatU&M 60)4 CO 0)4
Wcstero Maryland...... 2SJ4 23 27
W i I, K l 1 2215 22
W&LKwlpf ,63 62H
White Motor 63 v 63
WUIysOrerland MIC 37K
wmyi gteriana pr uuh do
6214
63
37)5
VJ
30
10114
80)5
28
224
62J1
A3
37J4
00
,VQOlttKV 13714 J37 1371' 1371f
Jlarine Insurance Rates Easier
NEW YORK Dec IS. Marine Insurance
rates eased oft slightly today on the lack
of definite news regarding tlio German
commerce raldtra that are supposed to be iti
mld-AtlaptUi. However, the rates are etllt
high, and In some oases almost prohibitive.
Shipments tp the United Kingdom are now
quoted at a Rat 8 per cent rate, while those
to the Mediterranean are 10 per Cfitt.
These compare with 10 And IS per cent
respectively.' Hates to .South America, and
Soutt Africa, have also declined.
jnjRggnmjr. or aycgpNTANTa
CfrfjlCrJ I'ubljo AyfiiunUula
PEACE PROPOSALS
IMPROVE COTTON
Market Is Nervous and Unaet-
tlcd Liverpool's SelHng
Not Favornble
, NKW TOltttT, Dee. 12. -The announce
ment that tlertnany proiwwd lo enter Into
pence hmothttlons wan fallowed by quite
ft rdmrp rally In the cotton market soon nfter
the npenlnir. January eold up from 17.70c
lo 31.07c and May from ls.Uo to 18.S2c
on covering nnd noma freh tmylnit, but
there feemed to'be a Rood deal ot skepticism
over the jioaslblllty of pence resulting from
any negotiations llcrmany might start at
preeent; and the market soon allowed re
newed nervousness
After buylnir r-nrly Liverpool turned a
seller on tho btiljc, suaRcMIng no hope of
nn tmmedlatn shrinkage In differences b
tween Kuropenn and American markets,
and January eased "to l.62o during the
recond hour, or back to about a point under
Inst night's clone.
The market wit very nervous and un
settled Into In the morning. Th fact that
Liverpool ncllliirf orders appeared here on
tho buliro caused rltcptlclsm n to the proba
bility of pen,co growing out of Clertnnny's
proposals, but tho stronger technical poil
tlnn gate tho market rather n stcndlcr
undertone. '
Mnrrh contracts sold off to 18.08 after an
ndt-nnco to 18.31, nnd then milled to 18.18.
with active months ruling nbout 6 to 7
points net higher nfler midday,
llunlnrsn was nctlvo nt tlio start, with
tho tonn rather rosy, due to further
heavy liquidation December wns down 25
point on the call, while October advanced
I! pnluts, the. nctlvo piftltlons showing louses
of 11 to It points.
After tho call tliero wna some readjust
ment of prices, December rallying nbout
12 points, whllo October declined 8 polnt'J
beforo tho end of the llrnt fifteen minutes.
In tho iitlicr positions thero wero small ad
vances, ranging from 1 to H points.
Dullish spot advices from nearly nil sec
tions ot the belt, persistent demand from
n number nf lending ripot firms and n pro
nounced decrtnsn In tho volume of lone
Hduldntlun led tii a sharp advance In tho
early afternoon. March selling up to 18.40c,
o'r "0 points net higher
('ommlnslon-hdtiHo business wns smaller,
nnd Ihern wns n disposition In mnny quar
ters to cuimlder tlio advancing tendency
a reflection nf thn Improved technical po
sition nnd n natural reaction rather than
life development of n new bull movement.
Mxportft of cotton for thn day nggregntcd
1 2 T, I bulos. Including HOI bales to Orcnt
Ilrlliiln. and 27S3 lintcs to the Continent.
Sales In Philadelphia
so Acme Tea
lo Am Cnn..
10. Am Doco i
20 Cru Bteel
art Cam fiteel
Itlah.
SB
B
Md
SO
no
IIW.
sn
A
814
80
Un
&
A8
88
8&
27
81
8
iik
SflVi
80
20
Brt
88
D8
20W
40
1.111.
81 I
82 !
30
108
20
CIo.
88
Met
chs.
SH
S 3H
8814
80 3
ISO
1)114 -tW
R8 1
88 1
SOiKi 214
178
21 .
8M4 S',4
88 1
22 '.ft i?4
884 H
SO ta
SB 114
88
8814
SS 14
2ii 14
404 IW
2054
81 1
as 214
30 li
ion 8
29 "A
Yra. flore. Oiwn. 11 n.m. 12 in, 2 p.m.
noremlier l".M IT.(.0 .. .. 17. SH
.Innuiiry 17.H1 17.72 17.7R 18.(11 I7.H.1
Mnrch IK.tl is.nn I8.nl im.'jh ihim
May IN 8(1 IHINI lH.SS 18.6(1 lH.4r.
July is 41 IM.-.'I ...
tu-inber 10 7.1 10 4H 111.33) 10 71
Knot IHWI
Liverpool Cotton
UVIIfll'OOI.. Dec. 12. Spot colton to
day wan In inodcrnto demnnd and 67 points
lower on tho hauls of ll.Odd for mlduplnnd.
Tho sales nggregntcd 7000 bales. Includ
ing COOO bales American. Tho Imports woro
10,000 bales, Including COOO bales American.
Tlio market for futures closed barely steady
at a decline of 414M7 points.
Allis-ClinlmcrH Pays Hack Dividends
NI31V YOH1C, Uecembor 13. The Allls
Chnlmcra mnniifncturliig company has do
114 per cent nnd nn extra US per cent
on nccount of back dividends on pre
ferred Block, pnyablo January 15 to
stock of record December 30. These divi
dends, which nro from tho earnings of
tho Inst quarter, nro paynblo January 15
to holders of reconl December 30. Ilegln
nlng with January 1 next, tho preferred
'stock will be 7 per cent cumulative, and
the rcgulur dividend to bo declared to bo
payatilo in April will be 1 per cent quarterly.
Protecting the
Safety of Bonds
Conservative invest
ment houses not only
use the greatest care in
, the original purchases of
bonds (hey ofTcr custom
ers, but also make a
point of seeing that the
security back of the
bonds is maintained,
and, whenever possible,
strengthened up to the
time of maturity.
WilIiamP..Bonbriglit&Co.,Inc.
MORRIS WI8TAR STROUD, Jr.
Manager
437 Chestnut St., Philadelphia
StW York Ileaton .. Detroit
lHindon l'nrla
William P. Ilonbrlsbt & Co, IlonbrUht L Co.
il) Chlno Cop 8J14
lias Kleo Stor. 8914
3JS Brio .... 88
iaolt Sen ..4114
10 Oen Klec..l78y
11 Ins Co N' A 27
225 Kenne Cop fl9i
Key Tel pf 88
4MI4t I.k Hop C sn'4
880 Ili Nov. 8814
4 I-eh Val.. 81
2788 Nv Cons. S04
J N T N II. M
781 l'enna It II soy.
Pn Halt M OS
OSS T'hlla Klec S0t4
100 I'ltts Cool. 404
8012 ntT tr cfs 28.
80 1'hlla Trac 81
210 Itep Ir A S 88
ito Hay Cons. 31
120 Heading... 108
M.t Hn T!w- . . 2011
nnn Ton He!.. 3 4 15-18 4 18-1814
SH Ton Mln . 0 6-18 fltt 5-10 3-10
BI5 Un Trac. 48 4514 43
40 tl ft Hub.. 8814 884
413 U 0 I .... 01 0014
23180 V H Hteel.123 117
200 West Mil.. 2714 2714
880 W Cramp. 0814 niVi
ilo York lly tf 30 38
IIO.M)
1 1 lib. . Cloae,
11(100 A CAVA Bs 07 07 07
1000 llUlt KM
OSS l'A..lOi 103 103
8000 Int Hy.i 4s 03 83 S3
4000 Ih V cons
41Ssl!)33.10O 100 100
3000 doConlCn.100 100 loo
1000 do cons Es
reg ....100 100 109
looo I'll I la Co
cons Es.. 92 02 02 'i .....
7000 Head gn 4n 03 IS 0814 0314 14
1000 Span-Am
tr Cs.,.102 102 102
0000 Vn Ilwys
t c 4s... 72 71 71 I
0814 2
01
117 0
S714 -rlMi
0114 -H
no :....
Net
cheo.
11
RAILROAD EARNINGS
OHKHAPfJAKi: AND OHIO
1010. Inrren
Klrt wek December. . .IK".Mn
rrom July 1 ...
nilNVKIl
21.Ha.30D
AND mo OltAN'DR
1111.37)1
l,4S5.'.'ta
Klrt wffk Wfcember.. . l.-.SI.ipo t
Krom July 1 12.3S,lllli 4
BT. I.OUIH SOUTIlWKSTKnN
Klrt wrek December.. J33I.0OO 108.000
WK.HTRItN MAItTLANO
2288,330
b.U'l.SJH
COLORADO MIDLAND
Nnvembor aron SlUl.l'ta
Fle mnntba Rrnmi .... so.",, 401
MIHROUHI. KANSAK AND THXA8
rimt witik December.. IR02.22II I100,R72
From July 1 17,V30,0a 3,543,307
Klrit wpfk Peeernbtr
j rom juiy i . .
71.4nO
70.078
SI. .103
0I2,'.'UI
115,081
148.312
IJAR SILVER
Har sliver wns quoted In Iondon today
at 30id, up lid.
In Now York commercial bar silver wnr
quoted at 75c, an upturn of ISc.
150 Gain
K.mlnc. ot Tuolumne Corper for No
Ttmbtr thawed an IncreM of 1509.
orrr earnlnKs of Ibt prtrloaa month.
Tli.D, lo hi Orit feir dij of Decembtr
TiaoBiamsieps
Rich Ore Strike
acatn dr.w the allentlon ot Ibt MIdId
world lo Ihlo prom.loc.eopper prcxlufer.
Wrtlr for our detailed report outlloloz
tbe ascrnilre ilrvelopmeot work aoj
narkat poMtMlltlea ot Tuolnmce.
JOSKS 4 HAKIM,
irWescr flMir., r,(l(wlrM, p,
Pltu&f i rd su ceey year report
o Tuolumne.
Ktnu
,ifri
121-T. U.
iOLES & BAICESi
STOCIC IlltOKHH3
Widencr bldg., 1'hilidclphi.
n.ll. Walout 1000-t.
Urj-aloot, Uaca 230O.
Dlrerl rrtwle tVtrcs t'min.rKaj
Krw YorU lloston
Chlcnco I'lttaliuraxh
".VoChlno to Sell Hut aerulce"
New Issuo
City of Edmonton
(Albprta) 5s 1934
Price to net 5 410
StiU for clrcutur
Morris Brothers Co.
1421 Chestnut St.
Interest on Idle Funds
Money awaiting investment may be deposited with
this Company in a checkingvaccount on which interest.
will be allowed ; or it may he placed on a Time Certifi
cate of Deposit which will command a better rate.
f
Your investment funds will then be earning a def
inite income even though not permanently employed.
Telephone Spruce 1480, or
,,, . personal interview invited.
1 , Commercial Trust Company .
. City Hall Square
To prevent any possible confusion of this
firm with one which has recently been the sub
ject of newspaper notoriety, we wish to state
that we have no connection of any character,
personal, business or otherwise, with such other
firm, or any members thereof.
H. F. BACHMAN & CO.
Members of
New York Stock Exchange Chicago Board of Trade
Philadelphia Stock Exchange New York Produce Exchange
New York Cotton Bxdiimge
E8tMishd 18f
im.
STOCKS IN PHILADELPHIA FOLLOW
NEW YOKK, BUT LOSSES ARE SMALL
. -.,,,. ... 4 ,m mi, -
'Lake Superior CorpQrntion Is Most Active and Also Weak
est, Shoeing Loss of Four Points at One Time.
" Lehigh Navigittio'n Is Higher
While Mock on tho rhllndclliU Stock
Hxchnnco Rcnernllr follmvtet tho turn In
Kew York, downward, Irt rpnM to the
newi that Oerman)' wan klne nce. the
loww In the loonl mitrket were not fta
Iflrgo n thou In Wall tret. Neither wan
tliero tiny large nmounl nf throwlns over
of ntockfi (o cut Iomm cliort
The nnireat npprwieh to am heavy lt
Inp wan In ljlko Huperlor Coniratlon. Thnt
Imtio wns the miMt netlva throughout the
wholo dny'a uriwlon nnd at one tlmo' It
nhnrred n Iom of 4T4 point ai compared
with the flnnl (lRiiro of lnt night The
Blocks of a illstlnclly local charncter held
firm, and when they did decline the loie.i
were email. Next to Lake Hiirlor, Phllft'
detphla Itnpld Tranilt was mont nctlvo nt
a rm.-vll decline.
Lehigh Coal nnd N'avlRatlon acted Jutt
the reverse of the majority of istbck".
throughout the day. It ttnrted nearly 2
points higher and while nil of this sain wan
not held. It ended the day with a fractional
advance. The Street In wnlllne for aomo
NEW YOKK COFFEE MAKKET
NKW YOItKT, Dec. II. The market for
coflcn futurea opened nt declines of 3 to
C points today. Trndlni? on the cntl wns
finite active, sales amounting to BOOO hags,
Today nnnlna jVal, do,
icfmir t.mivt.kv
January 7.K,
K'bruar j-
Marrh R.tong.13
Aurii H.men.'.'o
May g.-j.i
Julr s.iiCSS
Auru.i H..VI
Hii'mlr n.r.dfjs.r.n
ncioir .... H.ro
Novmhr 8. CD
un
1t3.TU
T.SJWJ.MJ
7,oni7.n
R.O.-,tfS.OT
K.infts.m
a.sas V3
n.siiir s iti
H.37WH.R1
n itts.tn
B.naws.rii
K..lne.nn
a.'i.-ifts.iin
K.;tOti.72
NEW YOIUC DUTfER AND EGRS
NHW TOtllC. Vi-r. IS ItUTTCn Hectlpla.
10.I2S tuba. Hllahlly hihr rn.l market Arm.
Kilra creainorr. .IHHc In.l.It; hlhfr worlne. a
W.T'Hi flmta. .1014 (f.iae; Hlata dairy. aNO.IH'ir.
KnilK llerelpla, 73In caara Klrm on frrah
icnih'Md' In fncg of llehl aupplr. I'rlra fnvnr
MIr. BtornB" aleailr n,l firm Klrt, 4IU
tii aiwdal marked rcfrlcrator, .13H C3lc; while
eitlja, OSWOOC.
West Point Mfg. Increases Dividend
HOSTO.V. Dec 1!, Tho West Point
Manufacturing Company has Increased the
dividend from nn 8 per cent to 10 per cent
hasls by tho declaration o fa Hcmlannual
dividend of S per cent, payable December
30 to stock of record December IE,
news on the negotiations between the com.
pany'a officials nnd the Pennsylvania mil.
road over the 1-ehlnh and New England
Ttallroad, In which Pennsylvania wants n
Interest, nnd while nothing1 new was heard
todny, It was said In rome quarters of th
fUrcct that the deal Is expected to g0
throuch.
Tho November earnlnra, statement of
tho Keystone Telephone Company waa given
out. It showed continued Improvement The
Rrom for the month roue 15480 to tl2S.61l
while tho net mounted to $Hi,S73, a ram
of J5491. For eleven months the gross waa
11,337,162, nn Increase of 191,732, nnd the
net for the same period was H81.63S, a
Bnln of $38. fill. The net surplus for the
eleven months was I3S9.410, compared with
1223,168, a ealn of 130,243.
Investment
Statistics
We have in our posses
sion information we con
sider "reliable, regarding
practically every invest
ment stock and bond
having a market in the
United States,
We shall be glad to have
the public use our serv
ices, and ask for data re
garding any security, or
group of securities.
.KJ.0IarH$go.
n.XNKKHS
(Catabtlahed 183?)
321 Chestnut St., Philadelphia
ritlatmrsh
Uaaton
Chlcars
Wllkea.Darra
neatllnt
$350,000
YHHHSP0iiTfl?0gf COMPANY
First Moritrngo Sorial 6 Gold Bonds
Dated November 1, 1010
Slaiurlns SI7.000 Mar 1. 1317) f 18.000 Not. 1. 1017i etc. 'to Not. 1, 1010. Inc.
Authorized and Outstanding $350,000'
Interest paynblo May 1 nnd November 1 ,
Coupon bonds, in denomination of $1000. Regiaterable at to principal.
Company pays Normal Federal Income Tax insofar as may be lawful.
FIDELITY TRUST COMPANY, BALTIMORE, TRUSTEE
From ti letter o Mr. I. U. t'elly, JVealdcnr o tho Company, vie eummariie
as follows:
Tho bonds aro a Firt Mortgaga on an ocean-going fleet of modem
design and construction, valued conservatively at $750,000, or more than
twice the amount of these bonds.
Full cargoes are assured by contract one way, during the life of the
Mortgage.
Net earnings for 1915 were $70,223,58,' and for 1010 (three months
estimated) $180,000, which amounts to over eight times the interest
charges, and about four times tho annual interest and serial maturity
charges.
In addition to the serial payments, there It a sinking fund of 10
of the net earnings annually, which retires bonds at 101 and interest, in
inverse ratio to maturity.
Company's fleet must always be insured for an amount in excess of
the par value of the bonds issued and outstanding.
Legality has been pasted upon by Messrs. Ropes, Gray, Boydan &
Perkins, of Boston and Messrs. Venable, Daetjer & Howard, of Baltimore.
-PRICE 1917 maturities to yield 4.50
1018 maturities to yield 5.00
1913 maturities to yield 5.50
thereafter to yield 6.00
Over $200,000 of thete bands having been sold, ule offer thet re'
mainder, subject to prior tale or change in price,
NSELlOfl & PORY
Members, of tho' New York and Philadelphia Stock Exchanges
336 COMMERCIAL TRUST BLDG. 16 SOUTH BROAD ST.
t
i1r"lllfl1T'f",""
Personal Trusts
THIS company's Trust Department is equipped
to undertake nny work o a fiduciary nature,
and its officers nro always ready to consult with such
as miiy contemplate the creation of a Trust.
Since its organization in 18G9, this company has
always made a particular effort to perfect its service
to the individual, and it is prepared to relieve its
clients of every-detail connected with the manage
ment of their financial affairs .
Philadelphia Trust Company
415 Chestnut Street :: U15 Chestnut Street
Philadelphia
B
-n4'
miuimmmmuiiiumuiiiuuuuiiiiitiiiumiiiui
WANTED
By Established New York Bond House
Two salesmen with large established clientele in Philadelphia
and Pennsylvania. Ultimate intention Is to establish Phlkdel.
phla fflee. Address W. & care Guenther Advertising Agency,
25 Broad street. New York,
?X !. Uftt
is- mmmmwmmm.-MmmmaeWmmm33Mf'iTt
gmr -g-t'i &. Tii n mi.rarfflT aMirTfrsmn . i irrnTnThT re..-. . &..
i.; jut iMW1BBilTsgl4gBsa"wawrt thai tiu. Ouv. 1 - .,, . I
W SilsslBsliiBliLsHSHksllWiHtlM sunuM auM ntl "--'" -WfcOt-Affl5hM'"'" "" I
uS -r I "' His III M '1MB m'laisj imiSsWljSjSjSjSjMiisstiajSjSjSssMiSjSjtaiisM f I fsisM , , mil pi I iln i I in r ' -, - , awt f lUkvai'Min' sswsb ISS
gC 4 I i l It 1 In lU llWIITIIIItiMiSSfjSJjl , III ! I III J! III !! I IJi as, I I I JI l laMI I I III lit I naa X J SJJ -.aiiB -mt 9ff m - iiii fi iln la I iiiiH .rfi ii.Ta TirrfTilaTMrgWaaniiiTlTlirlTlIagri-BTftif nTlf-jil i-iin nrr t t ..i.. ...... . t-i- -num. in a.ranl mill I.iMii ia.1 ailaltlil in In mTFiiriiii.nli il ,.n a if 1 BL . i i i. -'i gi.". . i ... .
- a 'MiMMMHIiyiiilpiliMsWslP J1 -- wii$wiitxi KmmtnnmwmtmiWmmiiiwmvkm
hsrowmtt
'I
fa
Tj
WKm f'r'f I ' -BJHppjp