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EVENING. LBDdBlfr-PHILADBLPHIA, WEDNESDAY. DECEMBER IS,
W .... . ..... ... ...... , .. , .. .. T I II I"'
FINANCIAL NEWS
TRADING IS ON LARGER SCALE HERE,
WITH BETTERMENT IN STOCK PRICES
Lake Superior Most Active, and Advance Follows Early
Decline Philadelphia Rapid Transit Certifi
cates Prominent and Higher
1.
NKW YOHIC, Dee. IS.
The mock market, nfttr liquidation which culminated with tho heavy hcIIIiik
cf lung Blocks yesterday, wi In ntinix) todny to conMdor nroro cnlinly tho Kdicrnl
effect of the penco proposition, mftdo liy tlio Herman Clinnrollor to the reproacn
' tallves of neutrnl nation In IJerlln.
The first assumption following these MatAiicntn Hint they furc-Hlmdottiil tlio
arly termination of the war was followed today by tho Rcnernl conclusion tlml
the possibility of audi n result had Blmply been created, but this possibility or
Its faintest shadoiv nt tho time Is cnotlRh to restrain any bullish Hpeoulatlvo
operations.
Ono of those who has been most active on tho bull side for n lonn timet wild
"II Is now wise to keep ono foot on tho Imso, but this condition In ono vthlrh Iuih
been nttnehed to nil operations on either nlde of the market since the resuinptlim
of stock market Trading two years nuo,"
This morning there was covering of shorts on n Inritn scnlo and the peacp irni
poets were not so vivid na thoy wore yesterday. At tho sumo time, however,
there was oxtonslvo liquidation because n move at least hud been mado toward
terminating tho hostilities In ISuropo. I'erhaps In n few more day tlio C'hiin
ccllorn statement will bo forgotten, hut for tho limn they must bo regarded iim
being the dominating Influence directing stock marknt oporntliniM.
I'rlco movements throughout tho list today woro In nearly nil cases lo utih
stnntlnlly higher figures, with all Hie leading slocks, llkn United Hint Hteul
common, Utah Copper and Anaconda, us well ns tho active railroad limici, showing
sains of 2 to 6 points over yostorday'H low levels. Those who ore disposed to buy
did not bnso their purchnscs on speculative probabilities, but on tho sounder Incen
tives of Intrinsic value and Income results.
United Htutcs Hteel common, which rnado a gain of about .1 points fiom yes
terday's low price, was bought on knowledge that Its unfilled ordeis will keep
alt the plants busy for almost the entire your of 11)17 at tho highest piollts I'ter
obtained for Its product.
Anaconda was steadily bought by those who know mnxl about Its earning
power and who regnrded yestcrday'H sates mi having been ulinoliitn hikm-Wcoh.
This buying carried tho stock up to nearly 02, making It show a gain of )uoi
than 6 points for the day. The railroad Issues mode good progress to higher
levels, llock Island was perslstontly bought by Interests Identllled with tho it-organization
and advanced 3 points to 30. Heading moved up more than 2 jioIiiIh
and Union Pacific mado the mimo amount of gain. At tho end of tho day buying
was more confident than It had been at nny thno from the opening, with tlio
covering of shorts becoming urgent.
Thoro was a better tone lo the bond miukot, with MIhhouiI I'nclflo tH one of
tho most active features. Anglo-Krcnch Ch woro heuvlly liaded In at D.1H to tl.TIi,
With dealings at times In $100,000 blocks. Other foreign bonds were also net holy
traded In. ,
$9,000,000 More Cold Comes From Cnnadn
NHW YOHIC, Dec. 13. (Jold to tho amount of JU.OOO.OOO from Canada, eon-
signed to J. P. Morgan & Co., was deposited today at tho Assay Olllce.
Tho total Imports of tho yellow metal for tho year to date aro $882,000,000
and slnco January 1, 1914, aro $1,107,000,000.
IMPROVEMENT SHOWN
IN TRADING ON CURB
Reorganized Railroads Aro in
Greater Demand Big Jump
in Standard Oils
NFTW YOItlf, Dec. 13 Although tliem
ware Irregular movements on tho llroad
Street Curb during tlio day tho market
tone showed distinct Improvement nod buy
ers were to bo found for nil classes of
stocks, Although concessions wero noted
In some Issues. Mldvalo Steel moved up
about 1 point, nnd thoro was a better tone
to some of the oil stocks,
Tho reorganised railroads were also In
Increased domand, with Hock Island new
otock moving up to abovo H. Mining
stocks wero Irregular, with Magm.i In
supply and declining from 42 to 39, later
railing to 41 V4. Clencral Motors advanced
from 140 to 144, and Chevrolet, after '.idl
ing at 165, advanced to 180.
The foreign bond Issues were generally
firm, with Krench municipal Hit selling at
mi and 98. United Klnndom 3-year
Kyi per cent nnteH sold at 98 H nnd OH.
American Telephone Cs were traded In at
111 nnd 90 Vi.
All the Standard OH Issues were strong,
with Standard Oil of New Jersey advanc
ing from 090 to 700. Standard Oil of New
York sold at 275 and 277. Ohio Oil rose
from 370 to 32. An Important featurn of
the market waflblds of 12310 for old Stand
ard Oil stock.
INDUHTUIAI.H
Aatna Eaploalvca
Amtrlcan-llrlllih Mf
Amarlean Marrnnl
Canadian Car Co
Canadian Car Kdy prof
ChavrotaC Holora
General Motora ,
Kmrion riionosraph ...
Haaktll llarkar Oar ...
Iltnda Manufacturing- ,.
Kathodlnn llronia prof . .
laurel "II a tlaa
Maxim Munitions
Manhattan Trana
MMvai" Htirl
Otis Rlavatnr
J-aerlaaa Motors
I'onla Knslnaarlns
8 8 Krea a w I
Htandard Motora
Huemarina - -,
Trlanata Film
llnttad Allor H
linK.a Motora
lll.l
-i3tt
. a
. 411
78
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. IN
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a
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it
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New York Bond Sales
CJhlii .114 m
tt Tin
ila 4h
l
MOOO A latlta (I.I - (I, Hrr ,
insHi Atnr Ar i v fta
ilOl'uoi) Analn-1'rrinh r,
nuoo Ainrr Kor (in
liHin Amr Mini-It Hw il
23110(1 Amir "Id rlt la
. 10011 Anirr li-n lln
Iimioii Amor Writ I'uii An
IJiioo Armour Co lia
ITlxiil AlrMaon urn t
IlKHI do cv Ra 11117
lIHHt ArnrtnHnn rl.ivi r.H
......... .."..n. ---:.. . i:. -
YiM'iM, urtii ,
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iCHIII
IL'.'IVim il.i cv 4i
VII0II II4U I' l.l.rAWV
.limn ii u own aui
IIIKHI llotll .Slfel , r.
laiion iirnok It r r. (ills
A1!!!!! J'ro.ik lln ! lat Ila
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.3IMIO On iniNI
A.'IHIII 1u lull
iloilil Cal Una ;c ttt
lillKKI Cunt Unthir lat f,
SS7IIUO Chill foiiiMr Ta
an.1!! r"f" ,"nlo vv 4H
nOIHI do 414 a
J7IIIIH .lo tnv r
KHIOll Chi A Knnt rii rl
1(100 Chi (II Wi-at 4a
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470011 Chi II A (J lolhl 4
L'IKIII Chi Inil fu II.
Kino Chi .M I HI I' tutiv fii
IIMMIU CM It I i I'ac la
11711(10 .In rfil 4a
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UIIIIIO ilo na rt uuti alu
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HIiiimi ru nf I'nrla ila
limn Cuinlwrland Ti-I (l.
IIHH) IK-1 a llud runv 4a
anon n 4 lllo Or 4
IIIOO Dotrnlt llnlti-d 4lia
Uiiou III. Hrcur Corn Aa
IOIMI Hrl trli 4a
luilll ilo CIIIIV 4a arr A
8IIOO do i-oiiv 4a -r II
Sllinil CI,, 'u rol la .
itiiiio Krla rrlur 4a
iiono (Irnnhy Co tla
IIHKIll do ala (la
J()il (Irri-u liar anr II
I4KIO (lull i:ii-a diili Ba
SOfluo (irrnt Nor lat r.
1(101) llml Man rf.l 3
aonu Iowa IVmrnl rf 4a
2-IUOo Inltrk It 'I' ruf n
iiiiimi inti-r Jlr .Mar it
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world
Film
Inn
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7
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St.-.v;:::::::::::::: 4
'' dl. oil
?l 1
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llAII.HOADa
TVabaah-lMttabursh ,
do praf
TVaatcrn Paclflo
do P."' -
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do Rar A Draf
do Sari) praf ,,,,
Far llarquella
Itojrsl Uutch ....',
8TANDARP Oil. SrOCKH
2.1
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US
Illinois
Ohio ,
Pralrl I'll-
Standard Oil of California. ..
Htandard -Oil of Naw Jaraaj..,
Standard Oil of Naw York, . .
. . . 'Jill
. . .373
, . . .33(1
. . 3011
. . .nuu
....ins
OTHKIl OH, HTOCKH
Coadan Oil
Coadan Co , ,,
lntar- Patrol. , , , ,
llouaton Oil ,......,.,....
Uldwaat Knftnln- , . . ,
lloral Dutch ,
Haljulpa, Ituflnlnn
aincUIr Oil
lilt
MltflNQ STOCKS
Atlanta
Jlutla Coppar Zinc.
SutlaN r.
Carro da JPaaco
yirat National
AoUlUU Maritr
lIKla, allows
How Hound '
Jim Uuller
iimriii pjiiati
jJcKlnllDrral
ttnalon
:;:
n
u,m& Coooar
Mlno Co of America
NlDlMdoaT v
W.n TOV
at Je!J Jit!,. .",
-IIIMWIIUSIWJ. . .
BONDS
Want End 'Conao!
White OsHs .,
Carta .
ULdval Ba
Buaalaa SHs.
I 4 at u
Amarlcan
Vranen Jd
ItuaaUn 8
4a S-W-f
Vranah Municipal U U
Huaaian vni .......... .
VnUad Klnsdom jHS -ar..
10
a
So
SI
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US
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DTK
31
HO
J.I
113
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700
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15
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33
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Kl. I.
JRIIIIll Kan I'lly Hn Aa till
Willi Kan Clt Trr lal 4a . N7 '.
Anon i.ai-kiL sii r.M iii"!i mi I.
UAI0O do Aa IU3.I ...IIUS
HIS
in.
Jananri.,1 naw 11
MOOD du naw 111,
JOOII IJl Kll ilfli 4a ItltfH
ai
till
HI HT
1IWV4 IU7
1117 1117
11 13
11)11 IIHI
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mi nu
no i.ii
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ii i . i).'.
nu '4 mm
mi xn
M(4 iNH
Ml (III
S7'
120
DO
94
BU
ST
Sail
I
k BAU SILVER
CosunarcUl br silver waa quoted at To
(n yi5fork, unhangd.
Htr tjivtr wan quoted 1a Loudon today at
5hdiip"d.
JfANY CHANGES JN DIVIDENDS
JiBTI?' TORK. Pc. 13 Th Plrc Arrow
Itetireaf Company has declared sn InttUl
dlrnond on prafarrad stook for the perled
tram Dciibw . JU 4,jWf.41J..Bfrrd
WUtok Uaue, XO BC JMbidlStanT
M rate f t r--c ffSMgBBBwuiwlllEWTtfi
.(IIHI lln 4m IIKI1
3(1110 l.lir A M 'I 7m
(li)ixi I-urlllunJ 7a . .
tllllll Umla & NhmIi a
lllilll Mllwullkro (lua 4a
AOIM) Mll.n HI l H K M 4a
13000 M K ft T lat 4a
llinoil .In rf.l 4a .
I0IHJ do Oklu Aa
r.nun Mo I'nc el atn U
2HDO()0 do w I la
A3IIII do CV it Mtu Aa
Atlun Nawarlc Oi Aa
UIU0II N r C II U.I Ila
SHOO do 3(4 a . . .
Kuouo do 4Ua.
SOUO N V I'lly 4a HUH
a.lui.n do ret 411 limn
111(10 do -4(4 a lllrt.1
7IHJO N V Itwy rf 4a
23(10(1 do nil Ba
r.Mli.ll N V Tf a. II 41aa
AOOI1 Nurf h Wral I'.x ll 4a
V'1300 North I'ac prior la
Soon (Ira Mliori I, rf 4a
3000 Ora A V It N 4a
Inilil I'uu (laa Ba
4Jmi0 lvnna san U -414 a
A I DOi l do rn 4H
IIIOO Pub H.rv N J Ba
14IMHI lleaillni avn 4a
Iihhi lltpub CuLi Ba lull
Joiiiki Ili-p r ft Hi Aa
Inoo Kwr Htl Hnc Aa 111
simiii til t, I II 4 H van 6a
toon do 4
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soon da la 4a
4U0II do sail ut 4a
31111)11 do Her A
1U7UOO do rlur II
A0OO 8vabarii A 1, adj At
mxul dii ala 4a
2UOO South I'ac cv 4a
lAium do rv ret t u Aa
Sdoo rlouth llwy mn 4a
S0O0 do tun Ba
38000 Tciaa Co rv Ua
1000 Third Ava rat 4a.. .
Anno Third Ava ad) Oa
BOOO f oklo Ba . . .
Undo (l H H II (la
1000 tl S llubbar (!.
SlIHlo II H tllaal a f (la
ifllulO Union I'ac tat 4a
XOOO do rfd 4. .
1300O Un llw. H V U
niHMl WaU-P T lal ct f p 4.
BOOO Wa( Shore 4a ...
11 '
till i
lilt
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LOCAL MINING STOCKS
TOKOIUII STOCKS
Jim Butler .. W
g 07
t aa
14 15
llauMamara ....
Midway
Mlipah EtOmiUin
Montana ...... .
KMtn alar
Tenapah lUlin(, 4
Tonepab. Kxtwialu 4
Tonopih Mining j
Raacua Eul
Waal EKX!
Q OLD KIK LI) 8TOOK8
WJ
lea
ii!ua,,fuli "
llootb ....
r!amblnattoa
Dlameoailald
tlr
Fteranca
(lojdfUlJ CsnaaJMAtad ,
QatdSaM llerstr
Jumbo Kxunatoa
KaWlinas . ... ....... ,,
fir::3:::::::: ::::
WSCBUmAHBOU
ipsM- 4
New York Slock Sates
Ailr flnmelr 17
AJa llnblief ,.,, )
AUiU'1 M if)
Alxli J tl M 7
AHWf hlmM Mft j$
AHB-inn jhk i , hs
Am A ( hffliVil
Am llTt Kagit
Am Vnn
Am Tun )f
Mm Cut ft r-dr
Am fotton fill
Am llliln A titnr.
Am IIM A I, tr
Am Ire Vrurltlr...
Am I.lnxnl
Am llnd t'f
Am Uiromotltf
Am smelt A IW
Am Smelt A It if ..
Am Smelt (if A
Am Sunn Iteflnlnc. .
Am Hlrel I'd-iiclrlwi
Am Tel A lei
Am ToUwro
Am Woilen
Am Wrlllne .f. ...
Am 7. I. AH ,
Am . I. AH f ....
Anitcon (' M
Aworlited Oil
Alrh Toi A K ....
Aleh f A S K Df . .,
All ('"lit I. In
All tlu'l A W I
llil.l Inro Wki
lllll A Ohio
Mail A (llili) pf . . .
Iljrtett Co
Ilrllilrhcm Steel
Ililih tlio
llillleASup
Cnl IVtriileiini , ...
f'sl JVtrolciim )f . ..
Cir.idliii I'iririe . .
t'rnlfil Iz-ather .. ,
( he A Ohio ,.
Chi Urnl Weil .
( hi Mil A Ht I' .
fill A Noitlmi'itiTii .
Col (l3 A Klec
Chi II t A IMe
Ciille ( opin'r . ..
(' iliui ( appi-r
Col Fuel A Iron ,
Cointit T Ht'd Co .. .
(onsnllihled (Mi....
( urn Product ldf . .
f 'riirllile Sleel . ...
( rudliln hli-el if
Ciitii Cano .Sncir . .
Cnln Cann SuiMt pf..
Den A lllo llr tt .. .
Distil Hcc Coid'ii
. Wll
llish
18
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i:rie .. .. awi
l.'rlu ht pf . . Wl
l.'ile'.M Df 42" i
tisMon V .1 V 3(1
tleneral I'liflrle .... Id
(irnrril Molnti pf 121)
(iDOllllctl II V WIS
(iianlij cnmoi 117
(Iteit Northern pf . .
(1 N rd for ore prop
lutr Stole hti-cl ICI
Illinois ('nil .... llll
Imp Con Cop (I'Jtj
Int Autlrtiltural .. 21
lnt Aerlctiltural pf Ill
Int llarv N J 120
lilt Con Cor v t e ill . . 173i
Int Taper r,,1
Int Taper pf 1(
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Int Nlrk v t rfi
Int Mit Mar
Int Mer Mar pf . . .
Kan City Suutuiiu ..
Krnneeolt Cop
Lack Htei-I Co. . .
Uile l.'rlo A. V pf
Ij-IiIkIi Vallev
lHiiu-Vile lllieull ..
MaiL.iv C01 pf
Motnill Mulun . ..
Mai Motnri 1st pf
Mai Motor 2d pf
May Dcpt Hlorui ..
Mi-x IVIioli'iim
Miami Copper
Minn A. hi I, nun
Mo Tan l
MljMiurl Tarllle.. ...
Mo I'ac tr rfi
Mo Kan ft Ti-iai. .,
Mo Knn A. Tcxa.1 pf.
Moutani Tourr
Nat Knani iSIn .
N'nt I. call Co
Ncv Con Cop .....
New oik Air Drake.
New 'Vorl. Central...,
N Y N II tc II
NUU West
Norfolk & Wiitern..
Norfolk A- West pf .
North Amerlrvn. . .
Northern Tactile. .. .
OhloCltle tl
(Jims llntlle Marh.
Tarlflc Mall
Tarlflf Tel A Tel .
I'an-Am IVt S. T pf
IVnn llallroail
riitla Co
Tills Coal e of dp...
Tlttdiiireli Sti-i-1 pf .
Tressed Mlet-l Car
uti inn. iiih now
a'M -titi ao'i tos
l.'..ri 1 10 )o.ri
io.'i!i nri'i io:,.'i
01 ni't 111
22 21 i 2
62 ah "rii
120 121) 121)
I7)- 171, 17),
6H TA Wit.
Ki:,!; net, iu t
ITS IMS II AM,
-. ao4 it .101. iii
.ui'i mn nii( ih'i
- --.IIS 20 2.'i3, 20
.. fillf Wl Mh Wl
, . 117'i IIU OSIj IIKIi,
. -ISli -IS -IS -IS
. Wi W)t4 7111-j Sl)a
2t"4 2l)j 2lli 21)4
.. oi us ot', or,
0214 t.ou 01 00
.Villi 0 7.'i 76
. tii-i inn 12 ii'
. unj o.'i 0.1 im
.101 101 mi 101
...IIJ4 -I2j-i -til, -I2'i
. . .10 20)5 2!))j 20)4
.. .1.114 a.'i), .i.tif .1.1
.. liVJ 17' lllti 17U
. I0i lH'i I0f lh!
.. 0 IDS HU 10),
. . 10 1DW 10). 10'.
..101
.. .'Hi;, .12
.. fl24' 01
. SO 20).
..lA.pl-j IIU)
...lOUf I0.
, .. WJtj TM(
.. 20 a 1)4
...lais- laiPi wsif 1,111
... mi M'i h.'i), H.'i(,
. 711)4 (24
110 III
KM), lOHi 1111)4
.12
0.1
a.-
01
27' ,' 20) I
IWiS 167
ton, id.-,
20 .11
Tiillnnn Co 10-1
.111)!,' 111
.10(1 100
. 2IU' 1H
arm ;i;
-UK) IIX)
. fid 60),
. -It 41
. -to -is;,
.10.!',' IIU
7S h()4
ni'i 723,
lll'.l'i 110!,
I0S Ulivj
Oukksllter
llj Mivl Spii ,
Hay Con ( up
KeaillDL'
Itrpulillc linn .S.H....
Keputillo I .VH pf....
HcalKiitil Air 1. 1111) . . .
NMuujrit A I, pf
Khat AlU C01
Mos-Shef H A. I
Southern Taclfle
boulhern lly
Srulln-rii Jty pf
hi I. iSI' I
hluiltluWr Co
I'riai Co
Teias f o 1I11I1U
IVia Tarlflc
'third Avenue
Tuliarco I'rodtu'l. .. ..
Union llav & Taror. . .
Uulon llii! ft T lie'. .
t'lillcl l It-af rllore 07
10
2)4
6D4
ao)g
2)
. Wl)5
. 20J.
. 106'.'
. h(l).
.11 Pi 116
. 10 10
. as ;u)
2r
. 7.1
. 00',
. I'Stj
. 07U
. 203
.117
KM)
2 Hi
.'IS
100
60
Ui'i
17
10-1
7H'j
10.1
100
2S
M
100
'"I..1 1
44
IhJ."
101
N)4
10.1
WK,'
.'SS
1073, 100
Ml) h()J,
20
7.1 '
OS'
aj
07)4
64j
1074
hIS
11 1) 114,
10 10
17', .171,
2f
71
Oi',
-Si,
07
2S.',
72.-,
0SJ
32
07) i
0
20', 3 20
1184 MtIS 11S.
Illillj 1(111)4 I'jil
2.1) 2a' 2.IS 2.1',
IK IKS lhli IKh
(.O.'I
Ullltnl Trull.
U11I1111 Tacirie
1 1 H luil Alcohol
U i) I tiit 11) Inv
II H Iti-ally A, imp. .
U K Itiihl)-r
U ri Itubber lat pf..
U 8H It J. M
U HMeel Corii'n....
V S Nteel Corp'11 pf.
Utan Copper
Utah bveuiltlen
Vd-Ciro Chun
Va Iron Coal & 0...
Wabash
Wabash pf A
Wabash rf II
Wiit Union Til....,,
Wtt i: & M
Wcitern Maryland...
W A. L K w,.a
W & 1. K l pf ....
Wtdte Motor, ..,,.,.
Willy Overland
Willy 1 Overland pf..
WiMUoftb K W...
60),
61 60
. 1.1'j l.l'.
.llll 10 1
OS
.1613, 15.4
.112)4 Ul); llll,' III
.121 12(1 12U 120
IIU 1115
a.)
(Ml
60', 60)
6.1 60
MS iai,
KH) 101)4
OS OS
166 16S
ID.
aa
fid
11)4
.'M
not,'
:ii)
. 05),
.liaij 1132 11.1); 11:1),
. 7M, 7IU 71), 7l)i
.11KH 120). lit, 110),
.121 121)4 1213, I21)i
.114 llft'S 112', 110),
. 2.1 21 2.1 24
. -16 45), 16 45),
. 5.1 S' 57 fit) 61D4
. 15)j 10 )5t, 16)4
. 66)4 67 fiOJi 60)4
. aou aiwi ao aoij
.KXIIi lUOli loon 10034-
otl'i Oh!4 ill) I 68.',
20Ji
21),
5I)
62) i
aoi.
OS
20
22) ,
60) i
03) f
.17lf
Oh
vuh tan
27
21
60),
52
3fl)(
OS
MB
2h)l
2l)f
62
.17
las
Bx dhldaml. Amarican Car and Kuundrv. 1
par (ni ami ir win tr. prffcrrrd, IS
par lain.
Sujrar Futures Decline
SliW YOHK, Dec. 1J There were fur
ther decline" in the murker, tor sugar
future at the start today, tlrat bid prices
on Ilia call vhuuInK lonnea of 3 to 6 polntH.
Trading on the call wax fairly active, with
nalea uinouiitliin to 3300 tons. In raw
sugar the situation wan dull, with the
tundaney lower, rentier uhowlnic IndllTer
ejMW to all offerings, and this condition uus
mflaeiM on the surly trading on the fix-
Granulated Sugar Unchanged
KHW YOUK. Deo. 13 Fine granulated
was unohanged at 7 30 today. Tho last
sal In spot Cuba rus wus unchanged ut
5.6SC.
lllltrjOTOltY oy ACCOUNTANTS
t'ililfl'! Public Aycountanta
uu.WHKfA "tR.?VBt U&bLyg
uv
wtMm
Liverpool selling
sends cotton down
Sharp Urcnk Following OpcnltiK
Is AaaiHtctl by Skeptical
Pence OpinioiiB Abroad
fCITTIlV 1IKI.T iVK.TIIKn t ONIIITIOSt
SV.W MtnU, ,1W, IS. ,lr . Mthr
n, me eniinn pii i"'
irrpllon nf llnht preelpl-
VI'.V
frail
mornlnir. lln me
Intinn
., ,llll, .lirr .IW '.irnr .".'."Vi.
prfTallni Ihronthnnt (he eniinn nan inia
Tlin mr firrp
three pnlnta
n. lo.rr- ii.....r .
Tk. r..tl.iilM iM.H.M(nMi ivaa aafnrn
"..l"":--""- i:-; r,m". -ii: ,i.,..
(IRlaltoma, mi Anennr, asi rti,n-"
4 Mmnri. zii iiaieitn, zni .urmpiMj
di
nnd
Nn.lnlllr
f hflllnnMit. and
AllnnU. -Ill
hhrrtrnnrt, Alarnn, lllrmlntrum, Knottlllr.
Antii.lii nnd Ullmtntlon, ill Mill Itnrh,
lerMIn, Monlromfrr. Ttinm,,tlllr sed
III'. Adl llrl lllo, 3,41 Mnlilln, 401
,. Nf Orlrani. Han Anlnnln and
(fit tlalte.tnn, 51, I'nrntia 4 tifhll.
Wl
US
.Hnmnnnh. .Ill ( harlr.tnn. Mfk.lmrc snrt
.lark.nnvillf. ahi
rrnaaroin
Tnmpn
fta
7lifr na ,nt infh r prrripiiaiioii "
Ullmlntlnn nnd llnlrldi nml ,nt Inch at
Ah,llle . .
N'BW VOIIK. Ie I J -The cotton
mnrkel l.roke ery nlmrrily nfter tho open
true today lletwren the private cnhles ex
premlnrf urent ek!ptlnlain n to xnce pro
perls nnd the nctlvo Liverpool nelllnif here
evidently In the expectntlon of continued
wltl or wider dUerirence, innny of e
lerdny's litiyrm nppenred to lie llquldittlnn
.Innu.iry ronlrnctn eold off to ID He and
Mnv In lltr.lr, or it lo 45 points net
lower At this lexel there wan heller
iipport. nnd milieu of n few minis fol
lowed, Willi the ninrlct lireoiiilru! mueti
les nctle diirlnir lh middle of the morn
lnir lluyliu; ns encourased hv liiillleh pot
ndvIeoH, hut the spot ellunlloii suieiceeteil
11 In'ilt of deinntii! nnd flinitiesd upon the
nttlludn of holders.
Only n partial rcnponio wns rnnde nt the
operiliic lo unfnsoriilile I.Ucrpnol rnhles,
hul the erly tone wmt, ensy, with prices
don n 17 to 21 points on the enll i.'otnmls
sloii houses wero nctUe on lioth sides of the
iimrhrt. hul thi huyliiK In gcnernl ns of
nu r-xlriiordlnnry Rood chnrncter.
Will slrinl piirehascd. nn did the south
1111 nml spot ImiiBos, nnd Liverpool un n
Kimd Imyer The supply wns senttered, with
some i'(iniinlsilou iiouneK active, nnd room
trndi-rs also sold
After miiiiy i-rntlc niuvenients, Liverpool
was 11111 Im niiPil to n few points lower nt
Iim time of tho npnnliur here. Prices wero
dm lo riiinn 17 to 27 points lower. Private
ralili-H slntid thai there hnil bren sumo
liel.ited Contlnetitnl Innic liquidation. Imt
the m.irket HtrrriKlhcneil Inter oil local
trndo liuylnp.
Yrt rlono. Oifn
Drrrmlr
Jannnry
Mnrrli
Mm-
.Inly
(VI11I, er
Hp.it . ,
is ns
I H (',
IH SI)
HUH!
1(1 (II
17 III
IH..13
17 no
IH 411
ts r,i
IS JO
IS hi)
10 1)0
HUli
IN M
is.tn
IH llj
IN Hi
IK SI
IlllIU
I.OW
17 no
17 III
IN 12
IH .11
ih nn
111 r3
Cl.
1 1 no
ih ul
IH 11
IN 51
IH At
in ill
is a.'i
Liverpool Cotton
I.IVIlItl'OOIi. Dec. 13 Thero wns n hot
ter demiind for spot cotton today with prices
7 points lilcher on the linsls of 11.13d for
mld-iiplnnd. The sales wero 8000 hales. In
vludliiK 7000 linleii American. Tho Im
ports uern 18.000 holes nit American, fu
tures wero Irregular nnd settled nt the
closo nt 11 net decline of 10 to 11 points.
Wlicnt Quiet in Liverpool
I.tVr.lll'OOU Dec. 13 -.Spot wheat wan
ipilel tixlnv. with No. 1 Northern Manitoba
quoted nt Us Sd. n decline of Id; Now Zea
land. ICs lid, oft Id, nnd No 2 hard winter.
10s lid. n Kiiln of Id Corn was steady nt
n dcrlliin of t'jd, with American mixed
(looted at 13s lOSil nml plnlo nt 13s Oil
Hour wns unchanged nt C2s
jfk
Merchants Whose
Stores Are Open
At Night
A Word to You
about the convenience and
protection afforded the pa
trons of the Franklin Trust
Company the ONLY insti
tution open from 8:.'10 A. M.
till midnight daily (including
Saturday), to receive depos
its, cash checks and open
accounts,
IlcftotirccH $1,000,000
Ilccomo a patron of this trust
company nnd enjoy the opportu
nities created by its proRrcssive
methods.
F'ranklin
Trust C9
1BTII & MARKET STS.
Big Guns Used on the European
uattieneids contain
PLYDPENUV
5tcelAuoys Grp
In wu inunlh Ihla alack lias advanced
From 2J4 to 7
ll'riro tor Circular ,o. I
E. H. CLARKE
Morton R. Alexander
(Itealdcnt Parlnar)
l.nn II, u u...
iiiu.ib aav njiiurv
Mock Kichanie lllil( I'lilla,. I'a.
U7 William Ht Naw Vo
Kinney uuiiuwk
'1
.u. I..-..
,w ml,
Nawark, N J
KfiVl'TIONH
aSG' NATIONAL HANK
VllltkUlalphla. llrcaiubar 9, 1018.
Tha Annual KIclon ror Ulrectara of (Ida
Rank will l '!'?. f tna Ivanklna houa on
W.dne.duy. lb lOlh day of January. 1U17, U.
twaan tUa lioura of it a. m ana U p. m
Caahlar.
THK fKNTHIL NATIONAL IUNK
OH l'Ullwlll-:i.l'IIIA.
uact-niuar 11, luin.
uir.
BT"
Tha Annual Election for
auuarr
llracto of tola
Hank will 1m nam at tba Uanklnii bouaa
Tueadayi
Vi m.
1017, between 11 a. m, and
WM V, CONHAU.
Oaahl.r
E
.1NNUAI, JIKKTINdH
UNION- NATIONAL IIANK.
PhlladelDhta. Dwfmh,, o lam
Tha Annual lUttlnu of tha Hlockhilldara 'of
thla Hank for the election of Directors will ba
h!4 at tha banking- house on Tueadar, January
-. ,,. tetweenahoun, gmdp. u,
Caahler,
Sales in Philadelphia
Nt
tilth lntv n. en.
Allln Insur to 0 t0
' II A fl T I' S " J
100 mm Hteel.ll I" r-
joo V Irfslher I0JH to,4 1H
00 l)lt Sec H 9H "W ,"
sto Klee lor . nU s '
no In Co .V A 7 tl 7 .
3 Kenne t!on Mft H BJ t4
HOflJ I, Hup for HV, tl'.i J" Vi
inn I,eli Nnv.. S1 slfc H
IK Ih Vnl., now " W Va
ISts Nev Cons, tY, ti tV 1
in N Y N If. 3W H H
oto l'enna It It SUM M 0U H
l Pa lt M HI, "W W
tin I'hlln l'o
cum if.. 41 4t 4t H
I'lilln Hlee totfc IB'.i
7.WI PUT tr cfs 74 tJ", 7Mi IH
I PI1II.1 Trsc oti SOW 0V4 H
JS Pr Steel 70. 10 70 1
J0H to, W
inn fntt 10s 41
07 0J 97 4 Wi
ill, sou SPJi JMi
fl 4 !! r !!
1
lit
. 1 11
oo1.
It0
ar,
300 liny Cons
33.. Mending
30 So Psclflc
.tin Ho Itwv
1301 Ton Ilel
3S0 Ton Mln .
10 l.'n Pflc .
fids t'n Trse .
10. tr n 1 ..
0730 t? H flleel
in West i:tee
41 W .ter A S 10
njn IV Crninii OS
lllil
no.s ns
HlKh
moo , n&Ki r.s 98
700 llleo A leo
Tr 4s .. 3
8000 III (las
Cs 10
Staao lnt llys 4s S.l
3000 I.k Sup Inn
5 40
3nno l.eli N cons
4'in ... 103
13000 I,eli V cons
I 'is 'OJ.IOO'n
looo do 1'onl Bs.lOfl
1000 l.eli A New
Cnir r,s .I0H4 lOlVi 10114
100 Nut Prop
4-Cs ... as as
booo Pu fro Ken
4Uh ...ot lot'.f, I03!
13000 do cons
44n ...ions 10V
SOOO P W A II t
1916
ti nVl . ..
Ill 144 IW
ii A Ni
00 V, 00 Vi
IMS I30V4 4 3V.
06 SOS f It.
ton, oo,fc
01 1,4 ut 1 H
Nel
low. Cloae rti.
DOS 0t
Mi 3H
100 10(1 4- Vi
ns as , '.. .
40
103
ID
103
100s
I0
1 noli
loe
V
c Is. . . .
13000 IlendliiK
rten Is. ,
3000 Iteml.Jer
Cent 4s.
1000 Span-Am
Ir Cs. . ,
PV4 BO 14
iM4
03)4
OSVi
S3J4
loan
DV4
oU
osw
Vi
Vi
V4
lOMi lOMi 10M4 Vi
Financial Briefs
Ilnnks Ruined from tho Now York Sub
trensury jestcrdny, 1912,000, and since last
Krlcliiy gained 311,813,000.
The operntlim revenuo of the Bell Tele
plionn system for October wns f 23, 214,142,
nil Incrensn of 32,900,023, ns compnred with
October, 1915. Tiio net wns J8BB,GI7
Kreftter. Increnslnir from 37.030.7C2 to
37,880,399 I 'or ten monthn the operntlmr
rnenuu was 3217,531,863, n R"ln of 323,
793. B13. nnd tho net wns 373.CC9.C36, which
Is 38.71B, 015 morn than thnt of the corre
sponding month of last year.
Over 22,000,000
Shares Traded in
on New York Curb
in November
Tbe r r a a t e t
monthly volume
of bmlotia la tba
filitory of tba
New Tork Cnrb
waa traniacta.l
laat month, wbea
22,307,032 aharea
of alock were
tioniht an.l oM
Tbla It a iiitlr
rrrtre roliime of
BI2.2M2 ,h,rr.
The bratlct
lrin,acllona were
In Jllnlor liaiica.
Write for copy of onr new booklet
Tho History of tho
New York Curb
which outllota tba rTOwtb of tbla mar
ket In four J car, from a 317.000,000 to
a 170 000.000 f olume of bualnna la
mlDlnK, oil and loduitrlal aecurltte.
rc
tew
joxkh 11AKMI,
IVdfcnrr BUg.. rtilltttlfMa, Pa.
rica.e leml me cepj of Tour book
let 'Tbe History of tha New York
Curb."
.Vuma
AifiJrcM
813.TU.
Alafe
JONES & BAKER
.STOCK IIIIUKI.IIH
Witlener Bldg., Philadelphia
Ili-ll, Walnut 1090 I.
Keyatoue, Kara 2290.
Direct J'rfmle litre, roaaicllni
Xcw lark lloatou
Chtenao l'ltlatmrsh
".Vothfnp ta Sell Hut Ktrvlet"
City of
Philadelphia
4 Bonds
Int'. payable Jan. 1 and July 1
Due November 1, 1946
Legal investment for Sav
ings Bfanks and Trust Funds
in New York, Mass., Conn,,
and other States.
Price to yield
3.78
Full particulars on request for
Circular P, K. 80.
TheNationalCity
Company
1421 Cheitnut St, Philadelphia
New York Chicago San FrancUco
Uoston Plttabursh
T
Brown Brothers &" Co.
Fommj amd CmuiTMirT Stiujets
PHILADELPHIA
Travelers' Ijettejrs of Credit
Issued in Dollars for use In the United States, Canada, West Indies and
other countries in North and South America,
Under the terms of issue of our Letters of Credit, travelers can arrange
for availing of income during absaace instead of paying tbe full amount
vrhm Uavmg. T
LONDON 'CHANGE DOES
NOT CREDIT GERMAN .MOVE
Feeling Is Confident nnd Tone Hcnlthy.
Firmness Prevails
rjiunnv rwe It Oermanr'e peace
tep wan discredited on the Stock, nxchana-i)
today. The leellnrr waa confident and the
lone of aecurllles healthy. While trading
waa not brlak, the markela In the main
were firm. ......
The ullt-edsed aectlon waa harder. The
revenue of the United Klnadnm for the
week waa ,SJ7.000, and the expendltilrea
fl8.4SS.O00. The amount of treaaury bills
oulalandlnr Increased tSII.000 during- Ihe
period. Sales of exchequer bonda were
19.410.000.
Itenecllnir the break nt New , Tork,
Americana were weak. Canadians were
flabby In aympnthy. Homo lines were
steady, but llalleM. Earning- were reapon
Ibte for Irremilartty In Argentine ralla.
Allied bonda were dull, The French Ss
were lower at 7M-
Mlnea were alow Olla were auetalned
There wai buying of ahell transport and
trading laauea on rumors of n big fresh
production In Trinidad
LIVE STOCK QUOTATIONS
CHICAGO Dee. IX IIOCJS tterelela. M non.
Market Be lower Mined nnd butchers, 111.200)
ln.lOi rexl henry, 10 SOW In 10. rnuari heavy.
IS.SSQS.SOi llahl, IS80O9.es, Pisa, 17 ISO
8 3: bulk. 10. lOOO 8.1
CATTI.K ttecelMa 87.000, Market 10OlSe
lower. Heaves, I0OI3.M, eewa and heifera.
iS.asOlO IS! atnekers an.l feeilera. Ir. 40OJ 65.
enane. I7.2SC0.S3 rslrea. Ill, 3SO 13.110.
HIIKKP Itecelnla, 311 000. Market strftna-.
Nsllra and neelern, II 7SOI0.30i iamba. 18 10
0 13.28
NEW YOHK COFFEEMaI
new ronrt. rv n . ?
coffee futures opened firm tr4JS
vanes tl 1 In 1 tv,in.. )i?'T. t uj
call was active aales amtmntt .?
bags. A special Santo" hul 1
change showed the BsntoTfniBel
zz to 216 rets higher "
OrRanlzcd
1807
Forc.QTi Exchange
Foroljm Drafts. let
ters of Credit, Money
Orders, Travelers'
Cheques issued and
Komittanccs mado to
nil parts of tho World.
Inquiries solicited re
garding rates.
Farmers and Mechanics
National Bank
427 Chestnut Street
December
Jsnnarr .
February
Mareh
Antll . ..
Mar
June .....
July
August .
8'ptember
October , ,
November
Mild.
. . i...i
...
Today
epnln
.JOS
Ml
; !l8ili llll
"SlOMi H
es.i Si
ii?9M m
,"H m
November Cotton Keport Tom
II.U1III11M IUi 1C4& j 3 Tl
nurcnt. will Issue n tttmtt nn .k ' .
Hon of cotton In November it u
m ll
Te taeeetifuly tallQ s I
rnaaninr ( tatia warti, u
It ntoury ta perfect Mm
art af a (item imrr
ana can net aaly tare, tit
alia lat.it bit larUfi, te
at te toiara tba mailAtn
Interna yield eemmiaianle '
with iifitr tf prtoelpiU
q A reaJy-mila eenitaittn
sjiten It within year tui a
"ITieTrTeDljPainoit PUa"
eni
InTtslrotiil OpportmnfJo"
q Tba ana pruU.i a
venlint way af aenmalit.
leg dlild.nd.p.jltt t.cirl.
ties ef undonbl.d ra.rlt, iai
tha etkir inrtllti villi
liiuei riprmnt tke till
purchiiii.
q Tbeta whs are IstimtM
In citllni tha molt aat ef
tbetr turptui fnnda Ikial4
net fall ts rnulirly ntilre
"lnveitmant Opportnnltlu."
It will ba tent, ulllnl
rrjr. beflnsinc IUl Ua
preient lnue. neoa reteii
for M-H., Inclodlai tweklil
eiplalnl&f "Tbe Tvntv
rayntst riaa." v
.10
lrweimmtycTtrrirkv
'M (EllaBIIUrl 1801)
0 Eichtnje Plce New Yor-
My Mistake Your Profit
I married early. Driven bv tho wish to 'do morn for mv homn than
my experience allowed, I havo done for nino years that work which
paid tno most that week. Otherwise I could not havo paid my bills.
That necessity forced mo to jump from this to that.
So I appeared ns a business butterfly, flijjhty and unrcliablo as to
continued service, who flitted for tho sako of flitting.
At thirty-two an average intelligence has forced mo to see mr
error. 1 wisn 10 repair It before Ako says: "Too lato."
1 fi
My weakness has boon my apparent willinfrness to change,
cured!
I am
h-i
.rui i-Acuucni. jjruuucuiir record, common sense, Balance, lniuaiire Jii
and n Host or friends aro my Krcatest assets. JT
. .. "ffl.-e
I have sclf-confldcnco based on successes; learn readily; retain witaW M
easo whnt I learn; am analytical nnd methodical; tremendowl?i '
loyal and very ambitious. I am provedly capablo of doins vtotiZqffi: '
thinjjs by concentrated effort It is that privlleRo I seek. if
Salary is of little Conscauenco now. T will n.tv thn rlliTermre
between my -worth to you ns I process, and my livinj? costs as tie j.
price 01 my misiaKe. nccognition or merit is important. But i
don't expect advancement tho first week or month. .
In some capacity I am valuablo to you. An Investment In th
services of a man of my mental viewpoint will pay a profit.
A short Interview is the test, F C43, Ledger Central.
Foreign Loans in America
Thirty-eight Issues of foreign securities now dealt In
American markets are briefly reviewed in
Our December Investment List
The List also presents our current recommendations as
homo investments, with incomo ranging from
4.10 to over 7
Copies on request
Edward B.Smith & Co
Established 1802.
BANKERS
Jfow&ers New York and Philadelphia Stock Exchange!
1411 Chestnut Street Puiuuiixrnu.
so Pine Street new Yonx
In
to
.-a
4
a
"3JJE:
Voluntary Trusts
Persona wishing to establish Trusts for tha
benefit of others or for their oxn benefit can
do bo by means of a Deed of Trust.
Such Trusts can be started with a moderate
amount and additions made thereto from time
to time. The right can be reserved to change
the Trustee or the Beneficiaries or to terminate
the Trust.
A less formal method' of accomplishing the
same results is by the appointment of an
Agent?
This Company will act as such Trustee or
Agent, and also fake charge of the details of
the finances of. Charitable, Religious or
Educational Institutions under the supervision
of their officers. .
.
Correipondenc or a peraonal
Intarriew cordially lavltod.
Commercial Trust Company
City Hall Square