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EVENING LEDgEK-PHILADlLPHIA, WEDNESDAY, DECESIBEB 20, 1910
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FINANCIAL NEWS
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PROPOSITIONS CONTAINED IN SPEECH
', OF LLOY,D GEORGE UNSETTLE MARKET
grrovisiort for Control of Shtoniiie Sends Mercantile
Marine Downward Greatest Demoralization in
Stocks Since Lusitania Disaster
. I NKW YOltK. le. 20.
A greater doitreo of ditnorallraUon prevailed In todny'H slock iimrlit tlmn
has been shown nt nny tlmo lnc the T,u-,ltnnla tllnMer. Wlillo ntl tho oxpreimliin-.
of Lloyd Ur-orrro In hi aSdtea yesterday were rr-Kttrileil an immKIvo tin ttipy i-oulil
bo made, Various prepositions contained In (ho Premier'", apeech liml n direct influ
ence In unsettling tho mjcurlty iiltuatloii,
The provision by which tho conttol of shipping I& to he taken uvor by iho
J3rltlh Government seemed to Wall ntreot to tuko nwny a Rood part of tho riii-n-
tn power or. international jvierrnntllo .Mnrlno and from tha opeiiliiir. Aim Inn
preferred wairpresied forunlo, fnlllriir rnoro tlmn 12 points to below 0.
Atlnntlo, Oulf and Went Indies, while not In any wiy wilijrct to the ltrlllnli
Government supervision, had a sympathetic docllne. of moio than lo points, mid
tho war-ordor Mocks generally wire without a nearby mat ltd and many of these
Issues sustained Iobsoh ranging from 4 to 10 points, fulled Mate Hleol common
wan In good demand at all times, but after aoIIInk at 113 yielded to luxti, with u
moderate rally in tho lata tradlnjr.
Thoro woro many Indications that tho railway list will break away from thn
Industrials and war-order stocks. Union Pnclflo was vlwioutdy bouKht all through
tho forenoon, when It advanced 2 polntH to lfin. with the buying coiiiIiik from
tlio strongest bnukluir Inlercsts. This movement was bused on current lepoits
that tho plans for" tho formation of a now Hecurlty company and tho distribution
of" Its shares fw a dividend has boon completed und that a formal announcement
In regard to tho distribution of tho security company shares Is close at liuiid.
Tho coppor stocks reflected urgent liquidation, with t'tiili Copper the weakest
of this group, falling about 7 points. Central Leather was also pi eased for sulo at
sharp conceualonn and other Hpeclaltlca Joined In tint downward movement, meet
ing with Utile support until after losses of about 6 points had been sustained.
Tho general disposition on tho part of Important Inleiests to keep out of tho
. market during holiday week rnado tho market sensitive bulb to bear attacka and,
"" tho offerings of long stock, and It was not expected by tlmiit usually active
l in market ntTalrs Hint an improvement will come until the holidays aiu over.
) Lata In tho day Jlothlohem Htecl sold at 6Gf), agalni! 1172 at the rloic yesterday.
Tho bond market was heavy, with many of the conveillblu bonds retleotliiK
declines in Blockn in which these lusues havo conversion lights. Koiclgu (loveni-
? ment bonds woro generally llrm, with Anglo-Kruncb fis selling at 03 liml us;
I City of Paris Ca sold nt 6V4 to (, interutitlonal Meieautlle Marine lis Weie
heavy nnd wcro offered at subslanttal concessions In tho Into trading. '-
New York Stock Spies
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$8,200,000 More Gold ComcH Into New York
NEW YOItK, Dec. 20. Oold to tho amount of 18,200.000. Impoitcd fiom Cim.
adit, deposited In tho Assay Olllco for tho nccount of J. 1. Morgan . Co.. making
tho total broughtnto tho country from all aourccs nlneo Jniiuary 1 Ji!lfi,7o00,u00.
SPECULATION ACTIVE
IN CURB TRADING
Pere Marquette One of Strongest
and Most Active Issues.
n Midvale Lower
NKW YORK, Dec. 20. In Hie market for
outnMo securities today speculation was
fair actlvo ut times, and while consider
b) firmness developed In the Initial deal
lno In tho Jlrst lwlt hour, a reactionary
tendoncy developed!'' which rnrrlnd prices,
In many Instances, below the previous clone.
Later, however, a. belter buying movement
brought about good rallies,
Poro Murnucttn wus one of tho strong
and actlvo features. Tho buying was by
tho same Interests which earlier In the
week were lustrumental In advancing tho
stock. Tho common moved up nearly 2
points, tho preferred moro than a. point, nnd
tho preference preferred about a point.
Hock Island sharos wero stronger, with
tl fairly good demand for tho common and
preforrcd "H'
Midvale Steel, after a show of strength,
declined lis. recovering about '4. United
Alloys Steel and Steel Alloys moved within
narrow limits. Ilutterworth Juilsjn on a
single transaction declined 4 points. Sub
marine noat was fairly active at a range
of IU points. North American Pulp nnd
Paper eased off fractionally on small deal
ings. Oil shares wore gonerally strong, es
pecially In Standard Oil and Ohio, which,
after moving up about IS points on the an
nouncement of tha proposed increase In cap
ital which will give stockholders u large
melon, broke about 10 points on realizing.
The Independent Issues wero nlsn stiong
with a good demand for Coitdcn shares.
Mining iitotku were somewhat irregular
and less active.
Honda were steady.
1NDUHTIUALS
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New York Bond Sales
Mil!!'! ''!" " ' '
?,: "" Anslortwcli .-, .
ajono jvin rnr Kfe 6t .
noon ,i0 ,.,t 414,
lii'M) Anifr lc il; .
2JUI10 Amtr Writ Pup ,iM . .
.6000 Ami Mlnir -Ih
"J!,0!; Atchison ki-ii U
BilliO ,lu ev .In I n 17
1,0000 Alluti fu Mm IhA
I'OOU .1.. lt u . . ...
fteoo .Minn fimr r.H .
t?8!iH A'lwaiiiis n.u r,.
..-odd ,io :,H ....
Jtooo 1I0 4a .
IoOimio ,10 n lln ...
1 1 ISM) nllih Kttel rfil lis ..
If DUO llrHili-n OllllMT IlK
iihio ran Uovt n idsii.
Iaihhi .i, n 111.11
71)00 Cal (Ilia & i;ii n
Illgli Low.
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siioii en.. uni 4'4 ii-2 1 s 2K
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lUU.llP VIU A. AIIOll :i'll . Nit Nit
. . . etot
Mt ttami'lr onu
AIM nubtr 7
Am neei Hujjr . ,
Anru ...
Am (,'fA Koumlrr.,
Am locomolhe . . .
Am fimrlt ft Itcf.
Am fileel Kouidrlei. ,
Am Tel A Tel
Am Wr 1'arx-f pf . ..
AmZI, ftH
Anacon V M.. ......
Alch Top ft S V ... ,
All tlutf ft V I
IMM xo Wki
lull A O.1I0 . . . ,
Ilcthtenem Hlcel . .
lldMebrm Kl pf . .
illitrnlt CD
Unite ft Sup ....
Cl ivirolpuni . .
C1 Petroleum pf. . .
Ccntr.it hreiltur
ChM ft Ohio . . .
Chi It t ft t'te
Chile CoiiK-r
Chlno Copper . .
Conotlil.tlctl O.n . . .
Corn 1'iodiii-ti Itef . .
Com Prod Id-f pf ....
Crui-lulo Sleel ....
Cubi Cane Huear . , .
Kile
Ktle I it pf
(locdilch It I'
(Iranb Convil
(Ileal Noilliorn pf
(llilf StUn Htcl
(I S rh for on prop .
I nip Con Cop
Int Paper . . .
Int Paper pf ,1(),-,
Int Mer Murine ... . ;:i;i
Int Mrr Marine pf ...102
I-ack Mteel Co hH
thli!h Vallfr Mill
Mamcll Mnton .',11 1 j'
Met Pctioleuin IIKIli
Miami Copper 411
Mo I'ao I M.V,
Mhioiirl IMelfle I!P(
Mo Par tr ifi i.Sh
Mo Kan ft Irian. . ..11!
Nat Knani . H Co . . ;ti!)
Nat l.eail Cn ill'i
Nov Con Con . . . Utt'i
new voile Air llrake . GI)
Now j oik Cfiilial
N V N II ft II
N V O ft Weil
Norfolk ft Wettcrn
Noith-rn Padllc
OhloClllei (I
IVnn llallroad . .
I'ltU Coal c ot dp.
I' C V ft St I, . .
I'renird Ktcel Car.
lt.it ( 'nn Cup . . .
Iti-adlnir
Itrpnblle Iron ft S
Seaboard Air Line
Mo-.Shcf ii ft I
Southern Pacific .
Southern lly
Southern H8 pf. ...
Sluilrliakcr Co
Slulz Motor sli ...
Texaa Co
Tobacco I'ruilucLi .
II H O I P ft K. .
II Slml Alrobol....
United Fruit
Union 1'aeJflc
U H (J I P A It pf. ,
U H Ituhher
UNHII A M . .
if H Sttrl Corp'a ..
U S Steel Corp'n pf
Uta.i Copper
Va-Caro Chemleai . . ,
Wabash
8:00
Illah. Ixtw. p.m.
10K i 10!
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fi0) 51 H 4!l -10
. (TO nojf fiijii MM
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02' m 52 02
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Wf 40 42! 4.1
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. 130 137 13(11, IHf.'i
...no).' nor; nnig no
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... f!0i Wili W1V1 Mh
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... S.1 87! j ft'i S!
.. JfilJ 781, C.-.I.- 7.-.U
. 27ii 28 27' i 27 1
I0S) 108;, 10' J07,
. 7U!J 8U1 77, 7,'i
KHj 18 17t, 1,1,
. IS.1 Oil 01'i ftVt
. 08i ooii osii on,
. . :ii'i aiji 3.1 .i:it
. . 70'-i 7I( 71 711
ll.'l 113!, 112!,- ll.'li
. . w;' r,a( r,:,u r,r,h
..2IMI's 212 207 210
Mil" 6(1' fill,' w,
22 22 2Hi 2M,
llli 1I2IJ 108', 10)
,.isr iwiw is.-i l.ir,
.148 150!f US!i 160
.. 00 1,2 iij ra
. 5ii 0,1 Ik't 03
06ti (Wi 004 III)
BIG DROP IN COTTON,
WITH TRADING BRISK
Disappointing Cables Have Bad
Influence Prices Are Un
usually Irregular
(AtTON I1KI.T WKATIIP.R CO.M)ITIOS
NKW VOftK, tlee. 10. Temprrslqre,
were tenMllr nnrmsl In the fallen lifll
thin mernlnir.. wllh l!ht prtrtpltatlan In
me Mlilnnt vallff.
The foUatvinK lemafrslnrf nfre rf
rardeill OHIahitma 'llr. IOi KnoiTllli-, it)
Ahlliu. 2Sl llrl Hln. lot I Wnillh. Mrnn.
(hnllnnaotiii Ullmlnelon, ,uinla nnit
Allunt,, 311 ( htirlnlon, 3H Thomil,IM'
nil .Nsahtllle, ISI Hnmnnnli. Mnnlcomerr
mirt lllrnilnaltsm, Hi At'inpM,, (Si lumen
end jstlmenTllle, 4K Hnn Anlenls. Mil l.llllr
Ilork nnd Hlftlrtlnn, mi .ilnhlle nnd Plirrte-
Ket, asi lnoropi, GUI t'orpn Chrlull and
ew lirlrn, ntl llnltealnn, nt, . ,
There nm ,,1'i Inch of piirlullnllon si
In,amU, .01 nt (.nnltnniwiri, nnd (!
lllf, .00 nl lllrmlnulinm, ,JI a MoIiIIpi .It
I New llrlrn
NKW A'OItK, Ilee 20. Ilusliiess nl the
oponltiK was lartter than In a Ioiir time wltli
heavy Renerat pressure on the call, espe
cially SKalnxt the near monlhs. which showed
losses of 2.1 to (! points, July wns down
12 and October I points.
There seemed to bo a better deumiid for
the tale opHonR iih a result of the early
llipildatloii. CoininlsKion houses sold all
months freely, while prominent roiim
operators. Wall street and southern In
terests piireha"i! moderately.
I.lveipool was n buyer of Mnrrb And
.Inly, but sold Mny. iorrlnir by dome of
the nborls was noted, but It win believed
nround the ring that further short mle
tvein innde at the start.
I.lterpotil enbles ncro very illsAppolnlliut
and were partly reKponilble fur the entli
weakness '
The market was extremely unsettled, Willi
rapid und trreirular Illlctuatlons of from '.''
to 30 points ilurlnr; thn llrnt hour. Mnn-h
iinitracts, for Instance, rotd up front Ii': to
17 3c. hark lo 17 Ofle and then up lo 17 30c.
with lint mark"! showlHK rather n steadier
tune after 11 o'clock.
ltfiicllonnry sentiment seemed lo be naln
Inir Rrotiud soon aftpr that hour.
FOnfeldf? EXCHANGE
NRW ronic. Dee. 2e. fcntttm dullness
pre-ttlled In the foreign exchange market
In tho early dealings today. There were
few noteworthy changes In rates from
Tuesdays final figures,
quotations follow.
Demand sterling. B -l, cables i 76 7-18;
sixty-day bills nominally 4 71H. ninety
day bills 4.9.
rrn.no cables ft.SJ'j, checks S.MH.
Itelchsmnrk rabies 71 U, checks 7m.
1,1 re rabies 6,02, checks 8.$:.
' Hwlss rabies R.OI, ahecks B.0I.
Vienna cables 11 98, ohecks 11.98.
Kroner cables 20.36, checks 20.20
Pesetas cables 21 111, checks 20,90.
(lullder cables (0T, plus 1-16, checks
40U. less 1-16.
ltuble cables 20.70. checks 29.85.
In mldatternoon tlta market became a
Irltle firmer, nllltnugh business continued
liomlii.it In extent. Itelihstnnrks roe lo
"I?ii for cable. 7I, for cheiksj lire cables
(o r, 92 and checks to 0.92. ilubles tin
tinned to 20.S5 for cables and 29.80 for
checks Sterling and francs were steady
at unchanged uuotatlons.
HANK'CXBAIMNtiS
Hunk trlns itKtay romtmrtil with inrre
ttHinillni; day IrI tu enrs.
,. nun. ni i.i tun.
Piilla.lriWii l M. ii i.i 03.1 J I I.iiiii.iiti ia.,,.KUM.nn.i
llnnlnn . .. ,11.7"l ln 1 l.llH.H"i -.ll,4n,liln
New York ..1Jn..1IH S32 (..l.80O.(0S 2IIM80.23T
I'hlrimii Si) III.-. Jul fil).ia fts.l 4.a.H,liM
MONEY LfiNOfNO ItAttES
TilKW YoitK-t'nsetllemenl In tho MCUr
Itles And other markets' has resulted in
unusually close scrutiny of collateral In
loiAns, and tho banks and other lenders nre
Insistent upon a proportion of not less than
50 per cent of rallnoad stocks In loans. TlilS
condition has been In force for nearly a
week and In some cases It denends more
upon the character of the collateral and
tho standing of the borrower whether ac
commodation ran be .obtained on those
terms.
Straight loans on railroad stocks are
proeuraole without dllllculty. but so much
of the trading bus been In Industrials that
few entire offerings of railroad collateral
have been made.
Nominally the market for good mixed
sloek change collate!1! ! unchanged nt
4WfiM per cent for sixty days and UO
(' iim win tor periods or ninety dnjs to'
' -,-.(h T-if -nl, nil all Industrials,
as above slated, while nominally about G
tier cent for all dates. Is actually n matter
of negotiation.
Prime mercantile paper Is dull nnd nar
row at nominally 4fi per cent. Prime
bank stcecpUncjs an sii.mj- .
n. moderate, velum, of deaiLTl
are quoted at S" Mr TV m
eligible at t'iciH ,"' !
rmr..tni:i,fitiA r-.i, .
Time, 405 per .ent CnL i
three to, l months, "eitel
fllK'AdO-Call, 4 Percent irn. I
percent. u "", j
IIORTOX fall. 4i .. ,. .,1
4 per cent. p r wnt' m
t.OMXJN Monev
ceill today, unchanged Th T
roilnt in the otrt m...... '. '' M
three montls' bills was SiiesV''3!
jnchanged, wH pt
Cumberland Walcr I'anl Rnj
CUJIBRIIIWVND, Md , S
i-umnerinmi water works attd iL
municipal electric light" bIM fc2?1
therewith wero wrecked by nr, i
r I'liim.. i)pin, II .m. I a in. 2 p in.
I)cii-inl,r 17 Is lillin 17,01 ... .
Jumrnry I T 1 r. in so I7.tr. mini 17 iw
Mnreh 17 SJ 17 III 17..12 I7.SI 17 IH
My 17 .'.. 17 .',. 17.KII 17 14 17 0.1
"! .. 17 f.7 17 US 17.ST IT.r.ll 17 ti'
iirtnur . iii.ii-. u, 71 ir..sr, ir, su
Hp't ... 17 SO .
J
.112 113
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.. -141
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W.tti.-un pf A fis
Aetna Explnalvea .. .
Amerlcitn-UrUlih Mfi.
American Marconi ,. II
Atntrtean writing i'aiir 4
Canadian Car Vdy 3.1
do prer , , .
Charcoal Iran
Chevrolet Molora . . . .
t'ratnii Hhlpbulldlng ,.
i;urnaa Aaropiano
12
il.l
Kmerion hanoirranh
Ukt9lI UarUer Oar..
Jfnd llunufacturlnir .
imtliodlon llronza pref..
iurn un (ja,f .
3
m
Maxim Munition, 1
ilMvala UtMl , .....) MM.
New York: Hltlp UK
Amer Pntwr v . . . 'k
no
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so
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Btndard
Oil, lsiavntnr
pMrleia Motora
J'oolo Knit
B H Kra w I
titand Motors ...
Pled Alloya . ..
Hubmarlno
Traniua Williams
-i wangle .nim
Tooa ani,
IFnltad A
11 H Hie,
Dnllnl lluta
tlnited I'ront Sharing
u i u ii com
do pref .,
Wolf Vllm .,
''M'rltht Jlnrtln Atrerafl
JUII.IIOAD.H
Jfare Maeruqtte ST
da imi K"
Rock lilunJ com ..... ......... 43
da A pref ot
do 11 pnf ...... ..4.. ., 7ft
Wa!.rn I'aclfle w I ... ......;.. i'-'li
do pref . 47
Wa-baab IPttabursh 23 Vi
.rum, - a
ilnyartla ,., UK
llqy Htcfl ,, 014
lamahlu il'l
Motor, ..:.;.... Ill
,xs
........ IR
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a
ins
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H
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2J( ' Chi. lit g Jnlnt 4.
Jl)()0 Khl'St l M A O fta
1HOO fill lnd A Weal (la
1 (Kino fhl U Sl Ht l ecu 4a
31)00 ilo tonva 3a
1000 rto rp Un
10011 ilo cv 4l.il. , . ,
(HHM iln sen 4W a ....
500(1 CM MM I' H 4a
2301)0 Chi II t P rfil 4
17000 iln fta. .
4U00O ilo ct fta mi- atn .
0(11111 Col i Hniilh lat la .
411(11)0 City of Pnrla Ha . .
4IIIII) Comp Tali lire Cn (Is.
iinoil Corn PruiTfta 11)31.. .
11)00 D.M & llud rfd 4a... .
4(100 Dan A 111(1 Or 4a
4IIOO Detroit Tunnel l, .
ShlllKI Detroit I'nlteil 4'.-, .
7H0O K Ten V 41 II roll On
.limn Kria ronv la aer A
SftOUO du prior 4a. .
l-ooo do sen 4a
lillllll ilo lat con 7a
1111)0 Or P-nlla 1'ower .In
limn Hud Cn Una On
2000 Hudson ii Man In r.
311(10 Uo rfil fta
7(10(10 111 Hlrel dull 4', a
1HOOO Inillani. Mtnnl AM
IIHIO ill LVn U H I, & N () fta 101
14000 III Centrnl 4a 10.12 Ml',
400110 do 4a IU33 sill;
imiim Intr Met 4'ua . . 7U,
.uuini uuer ii i rer ria.
3l'(Hio liner Mer Mar flu
7000 Jan new (1 H 1U. un
soon III) 4'ib . . 7IH,
11)00 Kan City Mo fta M)
J ;!!! )' (.'lly. Ter lat 4a S8-T
Bllllll l.ex t K fta . . . loati
mini i m.i... u. i - ....... :!:ri"
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lilli,
lii.l',
im'i
102
112
v3i
II H4
ll.l'l
ni
117
IIH
Kll
110(4
ni
H.IJa H.I', H.V,
7.1W 7.1'i 73'k
IDS',! lilll'i liislj
.101
. inn
. mi
irii.
ii.!;
. 72',
. Illi
D2IIIIO do ftn 1U.10
.21111(1 t.Kde.l,, (Jna Ikt .Is
171)110 I.k Hti deli 4a ltl.1l
aeon Mh Val con 4H
5ii(iil 1.1k & M T Ba . .
11(1(10 loula Naaii 4a.
HiiOn Minn lc HI U 4a .
2(100 Mo Kan & T 1st 4a
.201)0 ilo Kaat 1st fta . .
SOOOU Mo pau w 1 4s
'3110(1 do w I Ba 11123
ilouo Mot.t Power fta
Sooo Mont TV fta
3000 N V (! A It 31, a
l4
III
10.1',
2SM,
till
U21n
10,1
101
Rll't
?2:
IIHJ
WIS
7",
7tn;
Nil",
K7j
1II2H
101
nni
01
i (Km
23 V
Oil
tu'4
lo.-iS
101
?s
liiiS
iK'i
so4
7H'i
KUi
"il
in.!i
mi
tis;
W.ibuli of II....
West Union Tel...
West II V M
Western Matjlanil.
W & I. Ii w I
Wlllj Oterland.. .
Willie Motors
IVoolnorth K W,. ..
HIM
...lOl'i
.. Ml,
.. 30
. . 23
. 30',
.10'
I.-i
10'i
r,Hi
Oil
fifi'i
:u
21',
37
WTh ms
llfl'i 1 1S'a.
OS j 01 .(
. 13ih I. 'IS
U'l
10.i
fiS',
31 !j
1)11
fit',
2UJ.
24
ati'-j
r.o
13S
HJIl
11)1,
fiV,
.tl'J
on
ftS
31
211.
.(i'i
All
I3H
Liverpool Cnllon
I.IVKltPOOl,, Uec. 22. .Spot rntliin to
d.iy wns (inUli-r nnd 42 points lower on Hi"
basis of I0 2!)d for mld-tipbuid. 'l'h Miles
nggregnlcd Tmin balos, Including CUOO b.ilei
American Tho lintiorls were 21.000 boles.
Itii'ludlng It. 000 bales Ainerioaii. The inar
kel for fiilniOH closed misruled nt a net
iIclIIiiu nt 3it'J pultlls.
Knitland'H OiUcial Wheat Price-
LONDON. Dec 20. Announcement wns
mailo todnj I hat the proposed iitllrlnl nm.
tract pi Uo for wheal would bo 6iif per
ipiaiter
Kx iUldenJ llarrell Coinpnny. 1, per cent
nnd HI per lent extra. I allroriiln I'rtruleuni Cor
IHirntlon preferred, 1 ner rent, Cluett. IVulrady
Co. I1, per cent. The Wllbn-Ovcrlarul Com
pany, 11, pr rent. Dayton Pner ami Light.
1ft per cent, Jewel Tea Company Inc., pre
ferreil. IS, per cent. .Milwaukee. I.tika Hhorn and
eatern, 1, per cent American Agricultural
Corporntloii. 1', tier font. American Asrtrul
luriil Corporntloii preferred, P4 per cenlt tinder
wood Typewriter Company, IV, iwr cent. Under
vnnwrl nr I ninnnnv itr.ra.r.il I,. ,v
.i.,i.- ....,, ::-j-. -.-'.-'- --. -. ? ""
. t.u,,u-.,.,.ni!ii ,uaL ,.rrVU
iroau, ls
woo, Tvpowrltar Company Dreferrcd,
.tlhonB-.MlUllkfln Orel ttrHfrrA.
irh Creek Hiillrnnil 11L m, r'mni
llnental Can, I', pur oent. Continental Can
rent
rent
lleach
IV per
ton
tirrrerred. 1. ner r.nl llnTtioMinfrn tlnln. t.i
nnd 11 extra: Detroit Hula and Moulhneatern,
2 per cent. Jllllua Kayaer & Co . H, per cent
and 1 iw cent extra, Now Urleana Hallway nnd
Llulit, U per cent Now Orleans Hallway and
Light preferred. I', per rent. Wraiern Union,
l'i per rent nnd 1 per tent extrn.
Financial Briefs
lolS lots mis
un;, ti.iu ii.iij
1 .1.1L1 1.tlLr I,.,,".'
loos
10Ii
llll
. no
. 7flH
'"
. uti'I
. mi
H.l'i
InoH ions
inijl lot ;
'!
U.l'i
oo
mi,
no
HSU
U.ITi
llll
no
C'l .
s.i'i
30IKIII (In II, 1 1 1 1, 1 1 1 , 1 1 1 w
MUM) N V City 4a lUBII reg.lllll', 1(P(I, llldC
12(101) .In 4s 10.17 Illlll llll! 1111(1
BIIOIIO .1(1 IUh lllllll ... . Ilia.. 1(I3(J 103!
JDOU ilollli Nov 10B7..tOII 1U0 1011
4li
IIU
7IH
111
ll.T
N.I
loo
i.V,
i.ijj
l)i 1
fiTANDAltD OIL
Pralela Pin .. . . . .
Btslidard Oil California
I.Ci
Mtf
N
13' f
xura
HTOCKS
,..,,,..240
........8UO
33T
..'.!... sua
........ IIHO
....".'.SOS
OTHEIt OIL STOCKS
Barnatt Oil ft daa
I'ujiden.
p-tNwrsi un
star Petrol r
.aaeac iter ...,...,....,
tjutcn ,
annlrvA Ttf .
loclair ,
MINING STOCKS
Standard
U.-0 Cocpar (a proap) ,,,...,
uoppar ana ino
.... h. - ......
4.UII. .
AtUnla
liiatwai f
Butt, nip
("sirro, d Pasco .
CeosoUaatad Arlxona
cmou, uonjoiioatsu
I
.(ioldflald yiisir
Heeia, Mtnln- .
; " " V I,-Iit Katlonal
ilk S ,. - Wriw Ooidaeld
La4
!,. Kaund
IBdapaodtac
alia JB41HF . . . .
Jombdi Jxtalaa
IbKluley Darrasb
Magma vsppar
jUite Co of A
IHelaslna- .
. Viy llcrcul,. , .
if. latest. ' tid ' ' '.
leoepab Bxtenslort
W cSk
America,
.7
i2
SO
(17
M
23
lift
....... 20
s
r. 7S
.....,, !
....... 211
4. 0
.. . . i5
2(3
34ft
H43
3tH
1190
2T3
It1,
22
13
a.
M
i".
T
if
83
it
I'enna gcii it 4'ja ..1DSU Kijjt majl
i tin cn 4H a Hint! imifj nMl
Peo k Uasl lat 4a 77, 77'i 77U
1 I'hlla Co cony Ba 1022 1)21 II2! oaJ
1-iibllc 8ry N J Sa . . 112J, P2! 02H
UftM.
100
7ht,
Bit
hll(-i
1000 N V tlsa 11 Jt, ! fta lull.
1HII00 NV Nil A lis lilt;
loon N V Kwv rf 4a . 7.1
ftonoo do ad fta 41)
(lil(li)ll N r Tel aren 4Vsa . mi
40011 N V VT V & II 44 a . 73
lhlHHl North I'uu prior 4a lilt,
2000 Ore H Line ref la. U3!i
ftOOO Ora 1 11' 11 l J, nii
loono I'acllH Tel Bs Itio',
Hum, ,-eima sen
4 0UUII
lllllll
mini)
120(io 1'iibllc 8ory N J Sa . . U2S
HOIIII ltundlnir f.n 4m nil!
811)011 ltrp I (K la ... luo .
200(1 Ht 1, Sl B V ujt 0a . , 78'i
lliooil do lii fta .... . BO
lisooo do 4a Her A. ... 70
230110 du fta Her II ... a?
ftOOO Houlh I'ao 4a . . . h.1J h.1'
12000 do cv 4s 87 HII
, BOiio do rt't f n is loAv ioJ
Hiooo uo r'd 4i .... o-J. ii-iC
18000 South llwy Ken 4s . 715(4 7nVi
42oiK do eon (is inil! niiS
11(100 IT H It Oa , dl,' lii'J ft
ftOOO O B Oovt Ha ill IT, I ig
1000 II B ellalty fia . (IS is
hoihi u ri itubtiar as lost.
2000 tl B titeel a f Ss . .foa,
27000 Union I'ao lat 4a .... lat!
12000 Unloi. Pan r(d 4a ... 01 1
Kltlul IT.. l,.uU. . ,. - 7... "
4S0OO U K (l( II II I 'fta
sifouu no niii 111111
117000 do Otta 1021 ... or
2000 Vi, l!r Ohm 1st Sa . tia;
Af Ui Pu tluiv. K. n.,al
23000 Wub-l'T lat e"t p is 3s
U1111I Vt Kltctrlo Ba. 102
ftOOO IVaat Bbore 4a 02.
(l'i
llll, 104S
l'l J IMS
73S 73K
4h. 4NT
IIU
7ft
UI
1131,
nil
llll 1
7KU
.111
7ll
S7
IIH',
sin!
U2',
sa
7,1(4
10IK
11)80,
!,","
1(4
loan 10'u
'i ins;
llanltn Rained from tho New York Sub
treasury yesterday 35,737,000, and since last
Friday Rained Jt9.GtG.000.
Commercial and company coal shipments
for the month of November over the Nor
folk nnd Western Hallway and other rail
roads In Us territory totaled '.',"110,178 net
tuna.
A seat on the Philadelphia Slock Kx
cluinKO has bVeti sold for J3G00. The names
of tho seller nnd purchaser were not made
public. Tim last previous) Bitlo was for
J3S00 mi November 20.
Honshu,- conditions III Plttsburch nm lo
be Improved by thn WrstluKhouso Klectrlc
and MaiiurncturliiK Company at nn expend
I tu 10 of U'liO.OOO. It la ono of the most ex
tensive hounliur projects oicr undertaken
In tho l'lttsbuigh district by nn Industrial
company.
Twenty rallionds 'report cross earnings
for the llrat week of December of JS, 739.052.
an Increaeo of Sl, 308, 136, or 17.60 ner rent,
as. compared with tho corresponding week of
1915.
The Man
Who Knows
(be Intrinsic ratue of slocks la the
man wnn profits tnott In bla market
Inunction, Tha Jones A Hiker
Weekly News Letter
keeps Infeators Informed nn lnlrlnle
Tslues and market posslMllilea br lr
Inx ibrni each week Ida I, Int news
snd drpendstils Inrormailon oa the
lesdlnc InliLlrlsl. Oil, and Mlnlne se
ctirlllei traded In on tlie New York
Cnrli. Send for Ilia current lime.
JOSIIB HARMS,
Widentr Mil)., rkUatelpMa, ra.
I'lraae aeud me tli current luo, of
jour Wceklj New, latter.
Kami ...,,.,....,,,.,.,,,,
AdJrm
I UnqtiesMonsblj, th kailo
enalltr of thrift It lbs Utili
ty of pnttlnc 'otna portion
of on,', esrnliir In tha bank
at reenlar IntstTtli.
I Then tba next step, afttr
a certain sum has been ae
cumulated, 1, to tek Inrsit
ment channels In which to
nlaco the isTlnft, at at ta
eniura the maxlmnm Incams
return, compatible with lia
bility Cf principal.
(J Bsrsral tbouisnd pxpla
bass foond that this la read
lljr facilitated by
"The Twenty Payroail Plan"
end
"IriTeslmenl Opporionitics"
I Anyone who is Intended
In deTeloplnr th, thrift habit
with tha mlntmum of an
dearer should not ' fall to
t'cnlirly racslsa fnrrslnrnl
Otportunlttet at It II Itsned
from fortnight to fortnight.
It will ba tent without an.
talllnr any obtlcatlon wbst
eser, betlnnlni with tha cur
rent ltau. upon requeat for
Zt-TL. Includlnr booklet l
rUlnlnr 7" Tutnty Paymtl
rian.
Encourage Thrift "by Your
Christmas Giving
We Offer in $100 Denominations!
NcBOtiable Inteiest- Bearing Certificates (Coupons attached J
Louan Trust Co.. Truster, the fnllnwinir Sinn.r.i c .i. . U''S
r. .-...-. u ucvuiiuei:
SERIES "A"
Southern Utilities Company
t-lrl .Morlsnse MnUlnir Fund Of, (lold Ilnnd,
Due April 1. 19.11
At 101 nnd Interest, Yielding O.flO'J.
SERIES "B"
Pennsylvania Railroad Co.
- t
ltvryimfilycciirilkv
(KltotlUtcd 1008)
JO Exthanie Place New York
735 T f.
Cit.
Blalt.
JONES & BAKER
STOCK llllOKt-.ltS
Wriencr Bldg., Philadelphia
Hell, Walnut 1(100.1.
Kejatone, Kace S200.
Mrtet Private Vlret Connecting
New York Itustnn
Chlcntro l'lttalmrch
.ot)tno lo Sell Hut Service"
ttof
O
au
a . un';
. . ukI;
ZOOil Weat Union 4V a . . . hill
6U00 'Wheallnc ft 1, ii 4t... TuU
lti.1 !
II K
on.
ao
IIH
07 !i
Ul
uH
UN!.
ai
lo-
IMlil
7U
un
Hits
!1U
iis-
117'.
"..
not!
Toll
SPECIAL DIVIDKNDS
N'HW VOHIC, Deo. 20. The Atlantic
Ktcel Company has declared the regular
nuarterly dividend of IV, per cent und nn
extra dividend of I per cent on lis common
stock, jiuyulilo January 10 to holders of
lecord December 30.
BOSTON. Pec. 20. Island Creek Coal
Company Iiuh declared tho regular" quar
terly dividend of f 1.50 on tho preferred and
SO cents and art extra of tl on the com
mon. All dividends payable January 3 to
stock of record December S3.
The American Zinc Company declared an
Initial cash dividend af $1 on common
stock, payable February 1 to stock of rec
ord January IS,
LOCAL MINING STOCKS
TONOPAK STOCKS
i.i.t
MaOJamara ,. ,,, .mi'
Midway ,............. so
Mlzpah Kxtsnalon 14
Montana ., 2U
....... .13
Nortlmrn Hlsr .
isaoue cm . . .
iS'tat End . ...
:n
BONpS
kmtt .T.4 T osw S . . ..
11
Hit
r ; rnsxh il unlc IS Hnu
EliMsesle Stl 4 ii
JKirfiUj 6 '.,'.".'.'.'.'.'.'.','.".'.'.'.'. 81
Wheat Dull In JU?erpooI
WVKBPOOI Inc. JO. spot whet was
Aug mSny, wtih Ko. t br4 winter quoted
a. Its M, No. -N'oftheru ifanitdtw
mti M f ft. . I Northern iUuitotia at i
lltHt, C v rt wto irfrr
immXiitm u imj mm at..
T 4i sltr s.
, OOl.Ill'IKt.D STOCKS
AtUnla. iu
HiufUuii :..:;::: m
("omblnatloo Y'rlix4l3n ' M
WIHUIH.tlVM CIHRWU ............ . UA
buroomuMM jITT ?,, :; ;&
Palsy . I ot
UoMnsld Couaojldated ........ .' .(d
f.-nv .............
andsfor'pV Usodi'll '''.','.
Bllvsr Fl?k ".
:
MiaUKbllANUOUS
Ainder 7i,
TaosiL lileltur it
fiBiasr !!?::::::.:::::: S?
tHU4 T4MJ4trr .., J.
Atk.d.
.ol
$
.2t
.70
.18
.03
.70
II
.33
.TO
4ll
iiivgw iiiia mmBetMMMikV r
ittYJS;
NEW YORK HUTTER AND EGGS
NKW TORIC. Dee. SO UUTTEIl Iteeelpla.
4331 luta. Hleaity with small orferlnas on
hlsbsr srades. Medium quulltls alower and
wsaksr. UuolRtlons not chaused
KIlOS Iteeelpla S07U rates. Kreah fathered
..urf.ii, vmbiw M.tMvr i...urp ,Q Clean lit)
HlorUK.i ataadr. Hitra filMS2c; extra flrsts
SUoOfl; Brats. 40, ,8oi seconds, 40 u"&'
while, eaas. tlauHSc: tnlsed t-nlnf. jfl.1...
sMcta niarkst r(rUerator, 33 (i 3l0i rstrlser
aior rlrata. SaHftSSo, tirowq unjhaned,
, More Cotton Ginned
WASIHNCSTO:, Dec. 80. A report Is
sued by the Uureau of the Census today
places the quantity of cotton ginned from
tha growth of tho crop ct 19) S to Decem
ber 13 at I0.84S.9S9 bales, counting round
as halt bales, compared with 10.306,305
bales In 1916 and 13,972,2:9 bale in 1914.
Tha corrected statistics of the quantity
ginned this seasoit prior to December
art) ,v,04s.vid uaies.
Organized
1807
Foreign Exchange
Foreign Drafts. Let
ters of Credit, Monoy
Orders, Travelers'
Cheques issued nnd
Kcmlttancea mntio to
ull parts of tho World.
Inquiries solicited re
Kardinu rntcs.
Farmers and Mechanics
National Bank
427 Chestnut Street
Province of
ntario
Canada
Gold Bonds
Interest June 1, and Dec 1.
Due Dec 1, 1926
The estimated population of
this Province is 2,750,000, ap
proximately one-third of the
total population of Canada
Price 100 and interest
yielding 5
Descriptive, circular I'E-81 on requstt
The National City
Company
1421 Chestnut St., Philadelphia
r York Cldcato Sin Francisco
llostoa I'lusDurtn
1421 C
I New Yo
Cnnsnlldnlrd .MortKncr IS 'A (lold llnnds
Dun AUKtMt 1, lnr.O
At lOIVi and Interest, Yleldlni 4.13
t SERIES "C"
Pennsylvania Railroad Co.
(lenernl .Mnrlif.ne 4V, (Inld llnnds
Dun .lunn 1, 1005
At 103U hiiiI Inleresl, Yleldlna; 4.30 i
SERIES "D"
The Reading Company &
The Philadelphia & Reading Coal and Iron Company!
(Irnrrnt Alnrlcnin 4 (lold Honda "nfl
Due
At on'i; nnd
Innuary 1, 19D7
Interest, yielding 4.13
SERIES "E" -
Lehigh Valley Railroad Company x
(lenernl Cnnaotldntrd 3lnrla;ncei 4 14 lold Honda
Duo May 1, 200.1
At 10S and Interest, Yleldlna; 4.40
BROOKE, STOKES & CO.
Members Philadelphia, Stock Exchange
lfith & WALNUT STREETS CALVERT BLD
I'luiadelpliia Baltimoril
120 BROADWAY
New York
- TTrilaTJansaaTJassaaaMalISS BaB
4
"1
VICTORIA OIL
The one big independent Oil Company. Hai
acquired and retired $500,000 of its own tock
purchased or absorbed twelve producing prop
erties in West Virginia entered the great Kansas
fields with the acquisition of 13,000 acres
ALL IN THE SPACE OF LESS THAN
ONE YEAR.
We specialize in this Slocfc
J. S. MCCORD-& Co.
301 Real Estate Trust Building
PHILADELPHIA
Telephone
Ilell 440S Walnut
a.VlVl1YVVVV,VS,YVXYa
Union Passenger
Railway
4s
Due March 31, I960
Particular Upon Application
A. B. Leach & to.
US South Fourth Street
Ilell J'hons omijarj S9T
Naw York Cblcso liufUla
llostoa I-ondon, En. lialtlmor
ANNUAI,JIBKriNOS
5S UNION NATIONAL HANK.
K . PtdUilalpjua,. Uacsmbsr . Jglfj.
,. Tha Annual Uattlturet tha Btoeknalr,
fc.I.
Ibis Banlc for tba auction of Dlractora win
"I is ttoum nous on Tuudar. Janu.,;
V, IVll, Utwetn tl. hour of 13 u and 1 a, uC
fcUUia ii. BS-iriliHIlltUCK,
Csnisr.
ULKOTlONS,
fSS1' US CVXTOAt. NATIONAti ll.lMi
at tn ruQEmiT onr.ai
WWTO
mttaaitJK 'dmnssxv
!?
ET
UMt
I
Union Passenger Hallway
4f, I960
$100 Bonds
Price 92 and Interest
To YUld M0
TAX ritEE IK PKNXSYI.VAM.V
II 1' "II l"'"l 111
MELLOR & PETRV
MemUra K. V. A PblU SUck Kiehani.s
sstt comju:kciau tbust uuiluino
ASSAY1NG-J0RE TESTING
lixpeit ad vita on tualmeat of
or st Vtry aecrlntlan
QGDEtT LAB0B4tt)RIEa
239 Cliaacellor St,
S "Strength anil Struiee"
l WE ARE ALWAYS
I GLAD TO ASSIST
DEPOSITORS
S iif any matter whethqr or-
dinary or special. No legiti
g mate service is too much
I trouble.
The Hank for Business Men
; Tradesmens National Bank
431 Chestnut Street f
Established 1846
Resources Over $13,000,000
Foreign Loans in America
Thirty-clgnt Issues of foreipn securities now dealt in In
American markets are briefly reviewed in
Our December Investment List
The List also presents our current recommendations ss ta
home investments, with income rnngintr from
4.10 to over 7
Copies on request
Edward B. Smith &Co
Established 1892.
BANKERS
Utmbsr New York and Philadelphia Stock Exchange
"ll Chestnut Street Philadelphia
80 Pinh Street Hew Yomc
IL
SteelfllogsGjp.
Tbls arttvo Issue has
recently advanced
From 2YS lo 71.
Writ for Circular No. X
E. H. CLARKE
Morton R. Alexander
(lUsUsnt Partner)
l'liu-e 1113 gpnico
Stock Exchange- Bldg., Phila., Pa.
ST William St. . " Nw York
en arc. .-. j.
GEORGIA RAILWAY & POWER GOMPANV
We deal In all tha stocks and
other lacurltle of the above Company
CHAS. 0. HARRISON, JR.. & CO.
FIFTH & CHESTNUT STREETS, PHILADELPHIA
Member New York una Philadelphia Stock Exchanges
DIHHOTOItY Of ACC0HKTANT8
" Crtiatd 1'ublle Atcaaataau
I-
Brown Brothers & Col
rot'irru Afto Cincsmorr Streets
PHILADELPHIA
Securities and Iweome
'W uita, chifge of seiurltist and ca1itet.ilMcamj, wsiltlug a
" STliAfg " J '
T .-M.1- ,-'""- ' ....- -r, MHSBl
"I5Bfi ,
IMmiMtirimmMm9miMM&
. - fti
fit
" JWBsBStwffir toi -.nasi