Spr
jm
EVENING LEDaEK-PHlLABELPHlA, TmJBSDAY, DECEMBER &; 1016
'. ;J
v.
.
h "'
H(P
SJ
', AJ.-
SjS- '
m -'
FINANCIAL NEWS
BTOCK MARKER IS DEMORALIZED; '
SHARP DECLINES IN ALL ISSUES
J- itt
President Wilson's Peace Overtures and Secretary Lan
sing's Statement Contribute to Drive Securities
, Down Eight to Ten Points
NBW YOIUC. Dec 21.
Demoralization In tho ".took mnrket today became nouto from tlio beglnnliiK
ct business nnd condition word favarlsh nnd unsettled nil tlirmiKli tho clay. It
wfls hard to measure tho degree of unsottlement simply hy tha loeii mislrilned
Turing tho flvo hour of trndlnjf, nn tho losses rnme In addition to constant tie
dines during tho preceding olght days.
In conseiiuenco margins which had been strong tvoro Impaired to such on
xtcnt na to forco liquidation, evon-ny somo of tho strongest holders. There was
the usual concentration of beggsti efforts always noted In times of Wnll Htrcet
distress, and vigorous attneka by somo of tho operators, popularly bcllovcd to bo
closoly ndlllatod with Washington Interests, weri cffcctlvo In rtacnlng many
Btoploss orders nnd forcing various' Issues to tho lowest records touched during
tho day.
New incentives for selling wore found In tho news of President Wllson'a peaco
ovorturcs, whtch worn published In tho morning papers, nnd after tho market
had davolopcd power enough to nbsorb tho supply pressed on It another Belling
waVo was Induced by dispatches giving tho statement of flecretnry of Htnto I,nns
ing to the effect that tho relations of our country with tho belligerents had also
assumed a. critical stage. Hanks, Instead of helping tllo situation, made tho mar
ket wcaktir by discrimination against collateral, vntid it wns a matter of comment
.that financial institutions did much to help along tho declines.
Tho Industrials wero, at llrst tho only weak Issues, but In t)in Inst half of tho
iday tho railway ntoclts also woro under pressilro nnd broke frfmrply. 1'rloo inovii
iments, which woro in nearly all cAsos to lower llgtircM, Included declines of 13
pointo In .Atlantic, Gulf nnd West Indies to 03, 13 points Industrial Alcohol to 94 W
and from 8 to ,tnoro than 10 points In many Issues, Including Central Leather,
Itcpubllo Iron nnd Bteol, Cruclblo Hlec-I, I.ucknwunna Htcol, lialdwln I-ocomotlvu
Wind Mexican Potrotoum.
Thoro was liugo trading nil through tho day In tho lending stocks, onlcs of
tTJnitod Stntcn Bteol common alone amounting to moro than 800,000 shares. That
flntock, which closed yesterday at 108, sold down to 100V4. Utah Copper sold down
Ifrom 09 to 004 opd Anaconda, which closed yosterdny at 8 J, dropped to 7TU,
Union Pacldo ronlBtcd tho bear Intluonco for n long tlmo and around midday
jranged abovo HO, showing a fractional net gain, but after tho declaration of tho
I extra dividend of 2 per cent thcro wcro heavy sales for both long and abort
Jaccount and In a few minutes its prlco was below 1 13.
Heading also wna well maintained during tho greater part of tho day when
lit was traded in steadily nbovo 106, but pressure, which appeared In tho afternoon,
fcwas too much for tho markot to stand ana the prlco broko to 00.
Convertlblo bonds wcro under prossuro all through the day, with ChcsapcakQ
B.nd Ohio 6s among tho wenkest features. Chill Copper Jin weiu heavy nnd tho
ilndustrlal bonds gonorally wcro In supply nt concessions, but lack of demand
(restricted trading, Foreign bonds wero fairly well held, with heavy trading In
'Anglo-French Cu at 93 to 93?;.
Another Big Gold Shipment Received
NBW YORK, Doc. 21. Clold to tho amounl of J9.700.000 received from Canada
bus been dopos'lted nt tho Assay Olllco to tho credit of J. I". Morgan & Co. This is
In addition to tho $10,000,000 deposited In tho Philadelphia Mint for tho Morgan
firm.
SENSATIONAL BREAK
, IN COTTON MARKET
Selling by Liverpool and Wall
Street Causes Loss of Nearly
?B a Bale
COTTON IIKI.T AVKATIIEtt CUNMTIONH
. .Nl'.U' VOUH. Dm. 31, In Uio rnlton licit
thla mornlm It roliier In lln far Vel.
Hal
tin wera rrDorted In MlaftlaelUDl.
in louowinz lempcnaiurc'i
went r-
ranledl Oklahoma. i Abilene. Ill Mem-
lihle, tit Han Antonio and Mills Kork, xti
1el IM anil NuehviTl. 0 Aalieellln and
llmiv lie, 38i Chattaiwxicu and Oonua
thrlill, ..! (lalreatoii. Ituielili . anil At
lanta. 401 Marniv 41s lltrmliiiham and
l'eneurola. 4Hi .Montwuery, M NaTannah
ami Meridian, SOi New llrleaii and tibarlee
tun. DMi JucKMiiirlUa nnd Mobile. OOi VII
silnfiton, U.'i TntniKi. 00. ....
Th.ni warn .111 lneli nf ttrelnllatltin at
-.-,r .-.. . . .., ... ...... .-.....-.--- ...
.leriuian una .mcnaiui ,uu incn .
Inrli at Halvlilu .It Incli at M
men at Cliatlunixxu and Atlanta)
C tmnDU
Oiouuai
nnd Charleetom ,on Inch ut Mobllai .III
on
i in
ut lllroilniliaru and Htionlltri .IB Inch nl
anu
acqm .It
.iu inrn
Navann
Kibtl
tncha i
nnuln .HO Inrh
uriiiAi .mi inii
Mi lit Jarkuitivllli,
aaviuci x.xi inenca
at tXImlncton
II Montrutnrryi
i i.nj incnra at
t rcnaacvlu.
1.11
Thorn-
NEW YOIUC, Dec. 21. Knrly this after
noon cotton prices broke ner.'julloiinlly under
Iteavy sl)lng led by Liverpool and Wall
iCtreet houses. Tha drop amounted to ?2.G0
a." bala within ten mlnutrs. At that level
,tlia prices wern down virtually IS a bale
from tho high point of tha morning.
Tha nervousnesa of tho market had been
I Increased by tho announcement of the sink
.ing of the Urltlsh steamship Ht. Urmiln with
Americans on board, and Hecretary 3.an
Ing's statement. Tho break extended to
17.300 for March, or 37 points from the
early high level and within C points of last
i night's close.
Pence tallt was tho only fncto nt the
(opening-, being reflected In a strong tone,
with advances of 27 to 3d points on tha
I call.
Tha early advance carried tho market
about 4Q to 43 points net higher, with May
.contractu selling at 17.17 or 03 olntu abovo
the) low level of yesterday. At these prices
tho market met heavy realUIng by eurly
fcweek buyers.
New York Bond Sales
UUh
12000 Alimlta Old cv 0 Hr II NS
llAlHIfl lln., A- .,.,. n-
lftyuoo Anslo-iYimcii 8 .'
saoou Aiwr lor Mro r.i .
Low.
M
lojj;
r.'-n' Vi1
Willi ',7
UHlK I Oil
IIS UH
IMS lltVa
V3'i UJJt
lUdJ, lllUh.
. 01
.luih
1,1
ii r,
luiU
us.
. .KmS lmiu lnu;
irni i.camer mt Oi..IIli liil4 mife
cVnt ruo lit it mi;. ttoVa i''i
Ohlll CoiiBfr T .. .I3ltf l.'IHU 1.111(5
is
I fit Writ 4 7,'l
11 & y joint -In .. link
n nan 4n 11.11,
I Al i Ht 1' fen U.. H.ii.
n
n.l
7a
IINJi
HUH
Wi
IcilS
mi,
74'
hi)
. Yaat, tloan. Opn. It a.m.
iacaoioer ...lT.uu 17.1U
dHuunrr ...ii.u.-v
March 17.35
V,r T.4S
Julr. IT.SI
October 1S.7B
Wt ...,..,..17.10
17.211 j7 27
17.00 17.HI
J7 (l 17.78
17.HK -W.KO
10 113 10.IU
12 m.
if.'ss
17.8S
17.S.I
17.au
10. us
: p m.
in ui
1T.M
17. IS
loiii
.....
suooi) Amrr Hmolt Hru Uh.
iviivh Ainvr Tel cv la.,
SH000 Klrhiaon cn 4a..
AUUU llult ft Ohlu 3 Via.
00110 .Ip Oa ........
.limn do cv 4(i
.HiMin Hath meet rfd 6
tllllO llroolc II T a lull)
1UUIJ
HWMI
117(100
11110(1
4(1011 do 4 It a
7.100(1 .Iu ronv Cu
siuiiii i,'in in writ
jwuu win ,
inuou do
niiiin cm
7UU(I il.i dlv 4a UJ
niHlu do conv r.a KilS
S.iikki do cv 4V I mil,
110(1(1 Chl It I A. X rd 4a . . 7fift
IIIHIll 8a 74t!
800(1 ilu 8a mi
iiiuuii iiiy or i-arla (in
umii ton uaa nmv
SlIOIIII Krln nrn 4.
KlOll in ill... ,ru n ... lo.t
ioiiii llu.l A Man In 8 lis1
nOOU InwK lanl rut J, hil
1 110(10 Inter .Met iVii ...
soon Inter II Tnlli .
uonu Inter .Mer Mar a .
iKmki Jan now II H (!! ... 7I
imih, iv u fi n k il -le..i. 77
niKlll I.acku Hloel oa 1 1130. till'
rxxxi i.k nn den 4 a ip.il
VOUII I-oula 6 Nnah 4a..
1 lonil .Minn Ht I, 4 .,
3(111(1 .Minn Ht V H H Jl 4.. Ut
i'lion mut Tram B oa
1000 AIo ln Sa 11)17 ml ct
.Id atn 1)814
1000 NOT M H U 0.. OH
.IIMMI NY()1U. ... . HS4
8H00O do fia ..... .. . . 111!
1KMMI do 4H HIIU
IIIMIU .V Y C 4a 103Oreir..,.lUII4
10'MI do 1D3S ItlliJ
iOOil N Y Ont A u' i. . . mV
iniioii N Y Hwy adj 8a ,. . . is)-j 48),
J 000 Nor l'ae prior 4a .... D4 li4Vi
Khhi OnUrlu Puwer Sa.... O.'l'J u.lti
; ... i' .wn . rai nm. i,.i 11.1
iuuii renin en 4fta Iliua
48000 HI Ii H V ajh a... 77'I
181)0(1 do In 8a Rlti
l'300O do Sa Sar II
7000 South l'ao 4a
JiKio Houth l'ao ret f p3
Hinoil dn rfd 4 .. . .,
10000 Houih l'ao Term Sa
7001) Hull I h llwv nn 4.
.. . ..-.- .
tUOOIF
3 00
II III.
hs..
in-'t
Kill
IIS
.(Ui
II3
lll'lii
1)3
llll"i
1)1,
VI
ll.l
73
WA
IMS
IUW
a
luS
lllll'l
an
t . . . nilTt Ii 0 1 j HUH
tla ... l'.':iij l'J'l'k l'.'.lU
73. 735, 7Jt4
ion iiirt id.,
. sat MU s.-.,
h(l rid ml
, 7'Jfi 72V4 7'.'S
; iihU I1HV4 UHl-i
. m1. i oi ;
7l)'4
77 77
mm in1;
113)5 lisjj
tiuU Uilfi
ui'ia no
8
Ufa
88
H.-,'
111
nn
1U05
11)1 ia
Ml
70 V,
77
IHIU
o.v.i
Sii.
tIR'.i
til)
H314
111.
IMIH
mo';
lot V
fco
IH
Ul)
ii.i
loilli luiili
nv, 77?,
8411 J
MUi Ml hO
ML NA N.-,'-,
03i 1II3V l)1,
HaI "2S 'iS
S1I H1I N.1I
Liverpool Cotton
LrVEItPOOU Dec. II. Spot cotton to
day was In moderate demand nnd 33 points
higher on the basis for mid-upland. The
tales, aggregated 7000 bales. Including GOUO
bales American. The Import Vjero SS.OOO
bales. Including 51,000 bales American. The
market for futures closed barely steady, a
net advance of DQ11 paints.
FOREIGN EXCHANGE
NEW TOItK, Dec. 21. Tht feature of
the foreign exchange thurltct In tha early
dealings today wan strength In Teutonic
exchange and rubles. .Sterling nnd francs
held steady. Business was quiet.
ltelclnniarlis were quoted at 75U for
cables, a jump of about 3V4 points and
bringing that Issue to tho high point of
the recent rally Tho gain in Vienna ex
change was smaller, with cabled quoted at
1Z.30 and checks at IS. SO The uprunh In
rubles carried the price of that exchange,
from SOU at the opening to 30.00 for
checks and 31 for cables, and even higher
figures were mentioned. Sterling was held
Steady by the gold Imports.
Quotations:
Demand sterling- 4-7S7.lt, cables,
"1.18 7-18; !xty-day bills, 4 71, ulnety-day
bllft. 4.S9.
Franc cables 5.83Vj, checks 5 lU.
Lira cable 6.87. checks 6.81.
Pesetas cables 21.10, checks 21.
Oullder cables 40, check 4013-18.
HvvUa cables 6.03, Checks 6-03.
The only change In the market around
soon was Urn slight easing in rubles to
80 for cables and 30 for cheeks.
'
Youngstown Co, to Double Capital
YOBNQSTOWN. O . D SI The dlrec
itOTii of th Voungstown Sheet and Tube
jCJoniDany hay decided to recommend to the
taafchldrs that at tha annual meeting In
Vkrry the auihorbed amount of common
:4ofe b increased from 820,000,000 to 810.
)Mim, U this aettoa Is taken it Is tho
IMtsUen. of tha directors to then deolar
afeeli dlvldnd of 100 per cent to holder
(,fHMapa en (be books of the company
pa Dembsr 20. ,
73 74 U 74 i
un ron na iniu 1H1H lots
hiioii Mpartu 4 iiya, ii2 uji,
Aooo Tcxaa Co -v lla ...,1()3 loXti nod
S-'ono ll h h ft It 0a ....;iiin. ins loa"
JO(K) V K llubker 0a ......llljli loali llljlt
1000 Union l'ao cv 4a IU'. n.l'. n.'ii.'
, ll 31) .Tl
, ns'i nn un
"II U'S wt1;
. uss unO usC
800(1 tin IIwim H 1. Ja
77IHKI U It of II 11 ft I 5a,
31(100 do 1031 . ,,
4000 Va llwa 3a .,..,,
DIVIDENDS DECLAUED
Kenalndon Truat Company, acmlnnmul o( 3
Mr eant, puyabla January 1 Iu atucklioWora of
rcorau(.finbiir IS,
Tampla Coal Company, resular quarterly of 2
par rint on tho preferred atuck, puyahlo January
11)17,
to atockliofdera of recurd iimviiiIh.
.. ....' ... . ...... .... . -
d nun, (.ntcni win oa iiiaiien,
Nate forte Mutual (aa-1.liiht, 4 par rent, pay
abla January 10 tu atuck of record Dtrrintwr
an. With S par cant paid In July, thla rnakea U
per cent for year.
Waletiach Company, rerular aemtannual V.i
per cent on the preferred atock. iiayalde De
cember SO to atock of record December 33
Tyrant Manufaclurlnir Companr, aK Per aent
on ooiniaon. payabla February 1. Hooka cloae
January i'3 and reorMn February t. Thla plasaa
the atork on a 111 per cent annual baala
Halifax Kleclrlo Kallnay Company, resular
Quarterly of a Per cent on lla capital atook,
iiayabla January 'J to atuck of rriord Det'em-
w
Kureka Plpa Una Company, rexular quarterly
f SO a ahara. IMlabla Feliruarv 1 tu alu.-k.
holdera of record January 18
. Otla Blevator Company, regular quarterly of
41.8U on preferr4 atock. and Jl.SB on tha
common, payable January 18 to Hock of record
Uecembcr SO.
Chalmers Molar Corporation. 73 otnla a ahare.
payable January IS to atork of record Jan
uary 0.
Hupp Motorcar Corporation, rexular quarterly
of li per cent on tha 7 per cent cumulative
preferred (lock, payabla January 3 to etwk of
record JJecember 20. ,v,', '
Maaaachueetla, Oaa Company, regular quar
terly Of tl.aS Per Bhare Of! OOmmnn Mfiu-Lr naw.
able February I Iu etockholdera o record 'janu
ry in.
rtely of SH
i. la IILWK.
r.ual,ia 11m.
rtL '.!. T'T.." t" . I.".""' -'
Vuecae will oe uiaueo.
Klrat National Bank, regular quart
per, cent, pa) able January 1. 1SI7,
boldera or recurd at tha cloae of bi
camber -'tf. mia
Tbure.
BAH SIUVEB
iBW4lWUv:::;:-T11P g
ri
BaaflBcftBWcli'WPTr
tV laWaVUMflhrtlalJ
NEW YORK nurfER AND EGGS
NBW TfOKK. Dec. 81. UlrTTEIl-Heoelpta.
7MU tuba Firm on too trade. Medium and
low (tadea weak and unaeltlvd. qualallesa
"wf5 llecelpte, T08S caaea. Freeh gathared
ttm.Slew aleld-. rat. 44g; aacoada,
iOISc, other grad uiwhaoaeU,
CZAH LOST THREE WaTiSHU'S
Bombartlraeiit of Constanza Costly,
American Saya
NBV7 yoitK. Dec 21 itussla'g bom.
bardment of Coruitanxa, the great Ruma
nian seaport, after Us occupation by the
German,--coat her at least two and prob
ably three warehlp aooerdlng to Frank
Kabaule, an Amerlan al). man, cim rr
turned tods on tt-e &ft!MlMttelMWir
a IWW VMHr t-
New York Stock Sates
t.eet
eloee,
12(
AlAdks (IH..
Aitika HIM
AllH-Chtlmrre ilfe
AllU-CnJl Mfg Df Rtl
Am Beet 8otr mi
27
if
Am Cat A Foundry
Ais Cotton Oil
Am Hide A leather. . .
Am Hide A U.ithcf i(
Am lei Securities
Am IJntfrd
Am I.lrwnl rl . . .
Am Suc.tr Iterinli.g. . .
AmTrl A 'I"ct
Am Ix-onotltn ,.,.. .
Am Smelt A nf.
ltlth. tw.
IH
7b
Wi
H
Mil
mt
l.lli
fll
2)
IB
43'f
lit
p.m.
111.
7
V,
as'i
8t
KVi
4114
mi
21
18
4DJ
12
If
35
m
mn naif
r,in coif
14 1.1)1
7i fi3)
. 31 If 3fJJ
19'f 18W
, M 4'1'f
ii2 loow lor;, i07
ir.'f ia.vf it; 185
.73 7214 7 J iO
iKHl 1DU4 Kill 1I1J
Am Tobarro "alfl 2t:i 213U mi
Am Wr rapf pf... 4714 4214 42)4 42H
Am K li A B tSri M Xf n.t
AnaronOM 81 82!f irt 77lf
Aicniop am r ..iut 1IW 10t'( 1U.1H
an unn w i....,....itj;i
llabl ticoWkj nVi
DM KU.Ut) HVi
lltthlcbem Htccl ,.C00
Unite A Sup .,,., W(
Cat IVtrolmim 23)
Onlral lAtlhef DO
Chcs A Ohio . . 0W
Cliini A I'M 37)f
Chile Copper 25
Chlno Copmr.t , f:jtf
Consollihtcd (ia J.12K i:ii
Com I'fodiictJ itef ZVi 3
CtuclblaStH 01
Cubi Cane Sugar 515
WHEAT ENDS HIGHER
AFTER SHARP BREAK
Lansing's Explnnation of Presi
dent's Note nnd Good Foreign
Demand Cause Recoveries
Satea in Philadelphia
TrUTIIKR COSntTIONH
NF.W llinit. Ilf. ll-A4tlrea.retellffI
Kt the MretnerlinreanlMe mornlnt lndl
raled the followlnc weather fenrlltlenat
OS
05
WW
21
81
U.V4
37
Jel
IJUtlll Sec Corp'n
Krl
Oociltlrh II F
Clrcat Notthrto pf . ..
Oulf Slatst Steel
11 N' rfi for ore prop . .
Inin Con Cop
Int llatr C'irp'n
Int 1'apef
Int Mer Marine. ......
Int Mer Matlnn pr ....
I.vk Steel Co
Ublth Vallry
Mitucll Motnre
Mai Motor lt rf
Mai Mntnn 2d p( -
Mar Uct't Stores
Mex 1'ctrolcurn
Miami Copptr
M3 Kan A Tciao
MI'soiitl l'aclflc
Nat Hnam S Co
Nat head Co
Ner Con Cup
New York Air llrako. .
New York Central ,
N YN It A II
N Y Chl A St I,
N Y O A Writ
Norfolk A Wertum.
Northern Pacific
North American
t'rnn Hallroad
I'ltU Coal cof dp..
J'G C A St I.
I'rrwd SIM Car...
Itajr Con Cop
Heading
Itcpubllc linn A H..
Seaboard Air line. . .
Seaboard Air Line pf
Srari, Hon A t.'c.
MoB-Sbcf 8 A I....
Southern I'aclllc
Southern Ity
Southern H8 nf
SludrbaLer Co
Stulz Motor sh
St I-ouli South oit...
St rjiiili Southwest pf
St IjhiU AS V v I...
Texan Co
Tfalnl Atcnue ,,.
Tobacco Products
UH O t I' A V
US I ml Alcohol
Union Has A Paper .
United Clmr Storw ..
United l'rult
Union Pacific
UH Itubbcr ,
II SH 11 A M
U S H It A M nr .
U 8 Steel Corp'n.... .,.
U S Steel Corp'n pr...
Uta.l Copper
Utah Securities
Wabash
Wahasn pf A
Wabuh pf II
West Union Tel
West K AM
Western Maryland
w a 1. 1: pr v i
nvnuo ilolon
VWillys Overland
.11!.
:hi
00
117U 117
133 130
37 3HH
03
5il
R3
480
43
2414
75
(VI
35
24f
47'f
132
B 22
57 52
AO.'f UH
30 2V
35), :i4'4
fiS
01H
Pi
I.S
h:i
cso
41
2U4
75
01
35
24H
47) (
132
'2Z
V2H
t.'l
27
35
59
115!( 115H
111 IU
.iff .itir
fill'Sj f4 f)2 52
81 DO HVi 00
4i; 11 4 Hi 41
23 W 25.',' 23 if 21
87f DO.'. 87 87
82H 81 74 71
701S II 71 78
57 50 41 41
7J 71 1( 07 57
3S1f M),i 3i4 301$
.... fKlif 43 43 43
...00)i 0JH D5 0.1
... 38'f 3014 35'f a.1!f
.- Illi 1IU 11 II
... 18'i 17 1 17
... 20 20 25! 4 25 J J
...01 CO 57! M
..21 22) 2l!i 21?f
. 14Ht l1f 137 13r .
...lOHi 10 Pt lU.'tir 103l
. .. 51 51 52 52
... 10U 3,1 33 33
... 30 29H 20'4 211 -j
.ut!f i3tii i3:i,'f la.'iu
.1111 110 10SH 108i
Canadian Northwrat
JiWiVVt'e.t .
fonthirf
rnwr 111.
loiter Mli
iinio
alaalmil Val
1PPI tai.
. .elear
elear
.elear
.elear
preeln.
preelp.
preelp.
Terpperaloree
jiian ii
$
40
40
74
ja
f.rm
J(l
an
an
Jl
:o
SI
I
I
... fiOt,
.. II
... 8
.. 72
... 20IJ
...lord. i(i;u
... 77'f 70
..17 17
. MS 37
. 1M0 225
.. 5S 5H14
. . UOJi 07) j
.. 3314
. . 70'f
.. 113
... 503!
32V4
55
m
fl'iif
50'f
40" i
nr,
71 J
T,
33),
7(1
OTa
55i
3S
83
niUt'
21
DO
07
111
37
225
5S
117
31
0
113)4 HI
51H filK
.ll!i 30
62 52
28 20
MM
55U
31
81
(un,-
21
m
071 i
10
3
25
58t
0
AVi
70
112
51U
311.
52
2d)
20714 2I34 20.H4 2IIS
50f 50
55H 65),
22 20)4
lll)i 105
12 12
07 II7
50
5t
20
!)S
12
li
no;, 141
50
51
20
t'8
12-
117
MSh
. 155
.148 ll!)i 11 U, 14tt
. 02! i 01 50)4 50M
. 01 01 (10) Ml),
. 51.' 52 5-' 52
.108 10014 100)1 100)4
.118), 118U 1173! 11714
. WI UUI. Ulli out
2311
68
3IU
08)4
61
20
51)4
50
3UJ,
22),
15)4
67).'
30).'
o.w
63U
"ldli
47
37)4
ilii
15
67
30
115
52 1 i
27
iWi
47
3014
l)f
15
67
30
05
62),'
27
4f
47
37
itleal.alnnt
vaiiar
llelow rera
Tlin follairlnt prrrlpllallen (In Inehee) irm
repiirtrilr .01 al Mfdlflne Hal anil Mllea
( lln .uii nl lleJie.LIIrl ,0ft at Hprintneld.
Mn.l ,01 at At lnlai .01 at Chlracm ,10 at
J'nri tVnrne and I'lttehnranl .10 at lerr
landi ,11 nt Tolnlol ,2A at ralnmhna and
KTanerlllei ,34 nl Indlanapella, nnd ,tl at
l-otilntllle, .
CIItCAOO, Dec 21 Demoralltntlon In
the nhent mnrhet In the early trading to
Any, dun to enortnotm eelllnit on President
Wilaon'a note to the belllirerent", wna fol
lowed by nlrennth, The Improvement
came after the etntement made by Kecre
(ary Lansing cxtitatnllTfr tho nolo of the
I'reeldent to the wnrrlnrr, nation.
The excitement In tho pit hbb Intense,
nnd weaknees In eecurltlen nt New Yorlt
had n Brent effect. An extreme losn of Tc
took place early. For a few inlmilcn It
eeemed na though the ofTVrlnrta could not be
abnorbed, The buying-, however, became
excellent.
There wft a great deal of foreign pur
chasing of futures here and In the north'
weat, nnd the benrn who hnd etuck to the
belief that pence won near, and that vnluei
should bo liquidated on that haBln, were
forced to chnngo their opinion.
December flnlnhed nt the top nt J1.B1H
nfter having been Co below eetcrdfly's
clono at 1.48( Mny ended nt St.C3 Cl
I.3'J with tho high 1.6ja4 nnd thn low
JI.r.D or iO off from tho Onat quotntlon of
yeaterday: the high on July was I1.3B";.
the cloio I.ISiliCK and tho low 64o
brnenth the llnal quotntlon of yesterdny
At eJIiOVe
tnoro wern reporle of a better demand
for export from tho Allied (JovernmcntH
nnd the demand from mlllem nhnwed rilgn
of Increnelng preinliiinn on tho ennh nrtlcle
cro higher, ltecelptn nt Interior points
wero emnll nnd clenrnncen wero larger.
Tho market at Liverpool wna dull. Hhlp.
merlin from Argentina for tho week woro
estimated at 2,400,000 bunhelfi.
l.eacllnu futures rnneed aa follow,:
T,. r.,a,a
(ln.n 1,1.1. ." ,1 . ' "
. .ut, .",?..'. i1". i inir eioe
I in- i.n- i.h
I nn i.na'i i.r,.-.
Wheat-December
Amy . .
July I. ill i.:io! i'sjii
.,ii mew ueiiiPr
1.61
l ili
1.3.1S
if . elo-e
Dreinber
.iv
July .....
v ,lle-
ii-,-,iinlier
Hay
ji
Lard
Dewui.i-Hr
January
Muv . .
lllbe
January .
aiay . .
iWu
December
January
aiay
KN
d'llj
HI)
J 11
so';
tn..w
i ii. i.i
.in. ;n
. 1.1 7
.H 17
2n do
jit. ir,
in;
H2W
oi
)(
in .1,1
hi, in
iu yo
13 NO
H.IT
8HJ
BSS
ell
ro
S7!i
'HIS
UJ'
4H.
ru
I 33$.
m'S
wiS
ooi.
27.00
.'(1.B7
Hid. tAaked. tNomlnnl.
in. an in no in .vi
1D.N2 in Hi 13.N7
111.0(1 tllt.HU tl0l)7
1.1.72 1 1.1.7.1 1.1. 7
14.12 til 13 14.07
. ... 277n
20.73 t2ll 73 2(1 73
.U.4 'U 01) '.'(I.3U
Net
lllxh. iA Clota. ene.
o Am Ijco.. 1114 tlWf 'IH H
Inn 11 A 8 t c. SV4 W W
10 Chlno Cop. 40y4) 4D4) 4W W
IjronTrNJHC, 74W HW V
BIS Kleo Stcr . OH 4 til 4
SJOKrle... .33 3; It. Ji
lt.f Inrplr Cop 83 alH M4 44
111 Ins Co N A Mtt tM riY W
(10 Kenne Cop 4SW 4i 4i i
IS0 l.k Hup C It J " W
.1 lh Knv . s(l gl !fc
til lh Valley lOM TiVt tISi W
lOIIiVTrpt 4i 4Ji 41 Y
Mt Kchtiyl HI t 4 1
10 MMml Cop 3d 34tt Sltfc i
100 Nev Cons Jl'i II 1 4
1710 1'enna It It B"tt 1ii i
ISO Phlla Co . II 401J, 4034, 14,
31(11 I'hlla lllec. .1.13', 3I',4 33 .4j
to I'h Hap Tr -1H4 3IW SIW 14
sooso do tr rtfa 33 304 so t.
loo Itny t'ons ISH 3S4 33H 1
30 ttep lr A H 7.1 73 1 IH
DJ! Itcndlng . I0 loo loo , ,
ion Ho llwy .. 31V4 MM stM IM
SSlt Ton llel 1 13-10 4V4 44
000 Ton Mln o 0 0 M
to Un t'Aclflc.l444 IIIH 1414 !4
110.1 Inlon Trao I7V4 40 4(1 IM
1310 fn O Imp oo ssm so IM
10333 I.' a Steel lOOV, I004, iou ;
10 Wnb )f A. BOTfc 30T4 8674 1J4
o West Mil . ISM 13M 3V4 M
, 10(1 Wels Co . 43M 4114 43ft ...
SO W Jer A H 80M B0J6 MM
(Ill IVmCrnmp SIM 30 SO
270 York Ity pf 30 30 30
IKIMIM .
IIKIi. t.ow, Cleae.
fioon Int lly." 4n 30 30 so
300O I.cli .N cons
4V4 .. loin
0000 I.ch V ami
4H I071).
000 I'cnna Co
cs 4R..100iA
5000 I'hlla Co
cons f,K. oo
looo I'M i:tcc In DO
0000 Itrild gn 4l 03 M
limn rid-Jr ' 4s on
aooo Un Itwy Inv
tu .. ..71
3
14
Net
chae.
iot; lotjji
107a, io:, -
100 ioo '
on oo V
oo oo
03 M 031.4, A
00 00 f M
Local Bid and Asked
Today VeBterday
Hid. Aalied, Hid. Afkrd.
Ilrlll J (1 . . . .
Hurt It Hue t C
dn prnf
Ilnldwln
Klic Htornae
den aphalt
do nref
Key Tel
do t '
In pref
I.tike Hup Curp ....
I.eh Nnv
I.eh Valley
Irfh al Tr
do pref
PennayUalllii
I'lillu Kleetrln
PlitliKb'llihln Com ...
dn 3 per cent pr. ,
ilt, u pir cent pr. .
I'lilla It T I c ...
Itemllng
Tonopnli llelmont...
Tnnounh AllnltiK. . .
Union TrnMlon
H Una Imp
I H Mteel.
23
113
r.V,
(11
211
32
IU
as
n.lH
nn
:i:
3.1
1)3
nil1,
07
llwv
do pref
70 72 7l,
12 la la't
12 1.1 1.1'a
07 in (17
1l!i 17 21
ri:i 8 Hi xil
77 !S - IM M
2J 22 ',, 22
42' 13 12',
r.u nn;, mis
:; ajs .n
4tH
33
41".
:mi .in 32.
101) IIHIU 107
4JJ 4H 4'.
3. II 11
4.-.1, 4(1 -U'i
M) lil)U l"S
KHS Illl Id 1H7.
13i 1 IV, 13'5
:tn nH :in
hn Nl hi
31
HH
r.s
i.U
OS
:u
72
14
14
(III
Sl
1,7 .
42l
r.(H.
.14
xti
4214
31
107 4
3
,iii4l
Km
n
:in
311
MOST CURB ISSUES
, SELL AT ADVANCES
Small Reactions Follow Rise
Because of Realizinp; Stand
ard Oil Popular
Ui dividend n K. (luodrliti preferred. 1
Ier cent, Iluuth Flaherlea flrat preferred. 14
per cent. IVurthlnslun I'ump and Machinery
Corporation preferred A. 1". per cent: New
York, Ulilraia and Ht. I.oula Hallroad Oral
preferred, 2H per cent: New Vork. Chlcato and
Ht I.uula Hallroad aecond preferred, 254 per
tent; Hank of America, 14 per cent.
Financial Briefs
linnlm gained from the New York Kuu
treimury yesterday 34, 190,000, and elnce
last Friday gullied 124,136,000.
Gold coin to tho amount of 3100,000 has
been withdrawn from the New York sub
treutiury for shipment to Cuba.
A new active city account with the
Com Kxchungo National Dank hue been
Blurted by thn Cltil Treaeurer with a do-
poalt of.,29S,000, I
The Interstate Commerce CommlBalon to
duy refused to allow the New llmen Jtall
ruail and nlllllated lines to charge published
demurragu ratea un ram held after free
detlvery allowiuiceH which are not placed
on tdorngo trackn at their proper destina
tions. The HiIb wan held to be tinreiisou
able. The Jim Ilutler Tonopnli Mining Com
pany uuuual report for the llscal year ended
September 30, 19 1C, shown total net prollta
1368,380, against 33411,483 the previous year.
The total tnlim production In the year was
3919,003, agulnst 1934,331 In 1914.15.
Net rnriihrgH of the Itcpubllc Hallway
and Light Company for November were
JH8.SSS, un Increase of 326,973 an com.
pared with November, 181B.
The American Looomotlve Company has
cloned orders foP 100 consolidation engines
for French .Slate railways and 60 for the
I'lirls-Urleuns llallruad. The amount In.
volved In order Is approximately 35,000,000.
Deliveries extend from November, 1917, to
Murch. 1918.
The Baltimore and Ohio Railroad has
placed u contract with tha lialdwln Loco
motive Works, for 30 Mallet freight loco
motives and 10 I'aclflo passenger locomo
tive for prompt. delivery.
The Chicago lloard of Trade and other
western grain exchanges clove Haturday,
W. U Johnson has purchased a New York
Cotton Exchange seat for 117,500, an ad.
vance of f 100 over last sale.
Heserve Banks' Discount Hates
NBW roniC, lec. 21. Stocks wern In
good demand at Iho opening today, with n
generally strong tone throughout the entire
list Advnnces of 1 to 2 polntB wero shown
In the more Important stocks, with a sharp
rise In the Standard Oil IsnueH. although
offerings wero limited After high levels
were reached, nmall reactions foltuwed on
realising
rliibmnrlne Doat wns In good demand, ad
vancing morn than 2 points. Mtdvale .Steel
wns In urgent demand, rising 2 points, with
a subsequent reaction of nearly 4 points.
United Alloy Steel at onn time nhnwed nn
advance of nearly 4 points. Cent ml Foun
dry moved up 3 points, but later rencted 2
points, while the preferred advanced a
point.
Motor stocks were generally strong, but
comparatively quiet. Pnlted Motors, after
advancing 3 points, rased off slightly. Min
ing shares wero higher, with a heavy de,
manil for Dutte Copper and Klnc, which
at one time showed a gain of nearly 2
points. Itny Hercules Improved ?i.
Standard Oil shares wero bid up from C
to IS points, while, tho Independent Issues,
after early strength, eased off on realising.
I'ere Marquetto wns In urgent demand,
advancing about 2 points.
1NDU8TMALB
Aetna nxnloelvea
Am-llrlt Mr ....
Am Marront
Am wrilinr
Can Car a
uo prer
Paoer
Kdy ...
Charcoal Iron ...,,.,.
Chevrolet Stotora ....
Cramp Hhlpbulldlnr .,,
furtlaa Aeroplana .,,
Kniereon l'Ponocraph
Ijaakell Marker Car
Itemlee Alfc ..,,..,
Kathodlon firoiue pref
laurel Olt I Oaa ....
Maxim Munitions ,.,.
MldtaNi Hteel ...,.,,
Na l'aner ....
Otla Klevator
Peerlcae tlotora ......
Poole h'ntf .....,..
r H Kreaua w 1
Htand Atolora ...,..,,
Hteel Alloja
Hubmurtne ..
Traneua.YVIIllama ....
Trianala Kim
Todd Htllpyurda
111,1
.S'4
. in
. a
. 4
. 3D
..(in
s 7
.120
'. "5
. 3D
3U
. 8Jl
. fli)
. 13
. S3
:'
. 23
W
S2
United AUoyHleeel 4h
ii n nieamanip
tlniled Motora ........
United front Hharlns ,
V 8 I. A It com
do irf .
World Kllm
WrlxlitJUrtlu Aircraft
(I
It'1
1
141,
HTANPAHD Oil, HTOCKH
llllnole 230
Olito Sli)
I'ralrle I'lpa , 323
H O1 of Oallfornta .till)
S I) of New Jereer oe3
HOtl New York ;i)u
OT1IKII Oil, STOCKS
rUru.lt Oil Ii Oaa '.'..
Coaden Oil t Oaa llC
i'
federal Oil .
lntertiatloiial I'etrol ........... In
llooaton Oil 20
Merrltt Oil ,-... UH
HWw.at iterlalna ..,.,. 73
Itoyal Dutch , usvt
Sequoyah IK
Hapulpa, ltellnlnc , lift
aiuct.tr ..... Otlii
VllUIVn OTA'IO
Htt1V" "
Aaked.
2(i
48
7H
123,
S3
2H
4iy;
2n
B.1U
u
03
IH
10(1
!,
H
4..
230
SSI)
3.13
XIII
1170
27u
'fc
10Q
22
12
Ml
tiiiH
'
ao
Alaaka Standard
Atianiar
Utabee Copper (a proapl
lloaten 3
sew vork ... a
1-tillaa.lptila
itlfpmmd '
AtUota . . .
use
10 or Oter 10 Over 30
leaa up to su up Iu 0U
ri
wrfi
haw isra
PblladaTnnU
Clavulana .
llama .
mi.
allnnea
Over 80
up ta 00
4
tea
K 4 4H 4H
l j J54
IH , i 4iJ
ri: 3 . 3K i . Jh
rfiSto4- AtSiS-HSlSte SSr.
b stl i aw; 8K
rk ... s aw a T
f " ih s2 J H
.. S :
r 1- p
4 t, au j
on a 3 ii aau.
oaten '3
Kaiuaa City.
Ilatlaa .. :.
Saa Krandaao.
UP to tbltty daira. aver
uliieiy, a pr cent.
thlrtv la el.lv .
4ta per cal; over
2it HBgUnd Wg. Co, to Pay 51 H P.C.
I. 4Pt KW Jr3!l
Ctmawy baa 4MkMkC
Hipfwr WfcjrpU'
U
Atlantar
Utauee Copper ta pi
llutte Comer A Zlo
Uulta Nik loik .,
Cerro de 1'aico .,,,.,.,.
Consolidated Arlaona ...
Kmma CoruolMated, , , . , .
Flret National .'...;.,;.
Florence UoldAeld ,...,.
OoldOetJ Merser ........
Ilecla Mlnlnc ...,...,,..
llo.we Bound .....,.,..,.
Independencei Iaa ,
Jim Uuller
Jumbo Kxtenelon ,.,.....
McKlnley-Oarrash
Matins, Copper .,.,,....
alloea Co of America ...
N'luli.liii lllnea Co .
Kay Hercules
Han Toy .......,,..,
Ht Joaeph Ld
Tonopan Uxtenalou
Weat Knd CooeOlMattd . .
White OaW
BONDS
Amer Tel ft Tel mW . .
irencn ?.
ITranrh tltinlc Sa
!!!! KX".?
piucimr wh v
.:;;a...
P.
Hoc!
ra Maruuetta
HAI!,nOAP8
TZ7-- -7I- ...
lru.ue via
aa ieu
Hock la i
VVIU .
A Dfd
lk laland 11 pfd
LV.al.rn PadltO V I
Weetera Pacini pfd
IVabaeti-PUUtiurgB, ...
Wapaab-fUtaburch M
. 21
. 0
: if
. 8
, ii
D1
. 37
J
SSI,
.r
33H
ea
41
BO
74
n
n
' 10
p
N33
J"
,l
S3
M
til)
3d
5U
.si
J
38
01
If4
York
In
Win Cramp t
Money-lending rates
M:V VOllK The money market wns
unchanged as to general conditions today so
far n quotations wcro concerned, but the
technical Wall street loan position bus
obviously been strengthened by tho con
tinuous changes this week In securities
prices. Thero was a better feeling In bank
ing quartern on loans, nlthougli stress con
tinues to be laid In n precautionary sense
on tho approaching unprecedented Jnnunry
Interest und dividend disbursements.
Good mixed Stock Kxchangr collateral
loans wern iiuoted nominally unchanged to
day nt 4',1JM'1, I'er cent for 60 dns nnd
4 i ft 4 VI per cent for other maturities up
to six month. On Industrial loans rates
wcro anywhere) from 4i to BH per cent,
but as prnvlously loans of this character
are largely a matter of personal arrange
ment. Tho mnrket for prime mercantile paper
Is dull nnd nominal nt 4,,j4f44 per cent.
I'rlmn bank acceptances nro uuehunged at
Jii'(f2j; per cent mi eligible bills nm'ii'ip
3'.i per cent on Ineligible.
Call money opened lending and renewing
nt 4 per cent. i
l'HII.ADHI.I'lIlA Call. 5 per cent.
Time, tHUB per cent. Commercial paper,
three to six rnunths, 4 5 per cent.
nil ICAdO Call, 4 percent; time, 4W05
per cent. t
llOSTOK Calr, 4i per cent; time, 4
4 H per cent. '
LONDON Money on rail was 4i per
cent today, unchanged. The rate of dis
count In the open market for short and
three months' bills was BViyBS Ier cent,
unchanged.
HANK CLEAHINGS
Hank rlenrlnsa today compared with corre
epondtng day lasliw, ,-ar.t ,gu
iio.'.'v'sw.v.nti. 'sksiSS 'siiisa-uss
New Vork ,,I034.4IU 831 4711 H40 Will 521 07-.nei
i'hlenin ... 7H.13fl.BIS 35,200.174 47,027.073
llalllmors ,, 7.741,10(1 S.S.'2,tf;f ,v,.iJ
Hank of France GalnH Gold
I'AHIS, Dec. SI. Tho weekly stutement
at the Hank of Prance sbovin an Increase
of 10,012.000 francs In gold holdings, and
a decroaso of 8,8B:,000 francs In sliver.
Extra for Iale Roynle Copper
BOSTON, Dec, SI Ulrcotora of Isle
Itiiynlo Copper Company has declared'
quarterly dividend No. 4 of SI a share and
Jl extra.
V
A SOUND
INVESTMENT
DIVIDENDS
TUH UNITE! rWty CtBUIUNPK CQM
N. & C-. W b4 Walaal sta. .
raMfweew. ..rieJ.ii.iu jk. is.h
s Jioard of HHMHIM oelia , ajtM.
uwl iUtWJ at r iai"fcri, SEi
DUBUQUE ELECTRIC COMPANY B
1&T MORTOAOE GOLD BONDS.
THESE BONDS ARE AN ABSOLUTE
1ST MTQE. ON THE ENTIRE ELECTRIC
LIOHTINO. POWER AND STREET RAIL.
WAY SYSTEM OF OUBUQUE, A., AND
VICINITY.
NET EARNINQS FOR PAST YEAR
OVER TWICE THE BOND INTEREST.
THE COMPANY AGREES TO PAY THE
NORMAL FEDERAL INCOME TAX.
LEOAL INVESTMENT FOR MAINE
SAVINGS BANKS.
THE REPLACEMENT VALUE OF THE
PROPERTIES IS ESTIMATED OVER
13,000,000.
Price 97 I nt. Yield 5.45
BAKER, AYLING & YOUNG
LflHD TITLE BLDO.
PHILADELPHIA
BOSTON CHICAGO
ANNtlAI, MBCTINOa
trfSr' t'OHN KXCUANUJ3 NAXI0NA1. H.LM1,
UTSf PbtladelcoU. December . llo.
Tho Aunual Maetluc tit tue eliclkin et Llrtect
era lor lie coming rear, and ta transact awn
o'cxk.
if
W. COASON.
Caaaler.
DIBKCTQgY OF ACC0ONTAKT8
Centfled t'ubll. Atcguuual.
tns'WZUmAfm dBb.
BHR
yutinw
STOCKS IN PHILADELPHIA FOLLOW
NEW YORK TREND AND SELL LOW!
Lake Superior Corporation Shows Greatest Loss RSs
Transit Certificates Decline Also Bigger Dividprrfi
and Extra Payment for Cambria
The Influence of Watt street was felt In
the trading on the Philadelphia Stock Ex
changa to a greater extent today than on
nny day since the Herman peace proposal
were made known moro than a week ago.
While) most of the Interest was centered
In tho New Tork market, as was to b
expected, )et the volume of trading In some
of the local Issues mounted nutte large for
tha day. All through the day brokers'
housen were crowded, traders coming down
town long before tha opening and staying
nround all day.
The weakest members of the local group
were I.ake Superior Corporation and Cramp
Shipbuilding. The former was down n,
fraction moro than 8 points, and the latter
wns S points lower. Tha nnnouncement
of the transit plan, while It was favorably
regarded In the Street, especially from tha
standpoint of the company, did not result
In tho moving up of Hie price of the com
pany's trust certificates.
While there was a small gain early In
the day, this wns wiped nut late In the
nfternoon and a loss of 2. points was
snown iwiora trie close. The ..-,
Ion In the Street was i.. f.,aAr.i
had not come In New York. t-Ls?
cates stood a good chanci "JH.
..ra.vc.uiiuin, snowed an ).. "-.
of slightly more than wrL. rJ
mo proposer! transit agreemia. '
would guarantee a dlvldeSdl TPtJ
A loss of 4 pointo ... ,.. .
niectrlo Storage Hatter . -'!?
losses It was necessarr i .L1.,
arbitrage list, where rteadlnr .v '
owiea cieei rommnn 71 -,.. - vi
- . imij.
Directors of the CnmhrU ci...
today Increased tha dividend i5i a
nn extra iiisoursement. a ...1T."k
ment of 1V4 per cent was vo W I tM?l2
an InerMM of W per et &&!
eiocK on a 0 per cent per atinnm
Payabla Decembr; ?. Er l&
record December St. "Mn
NEW YORK COFFEE MAHKET
NHW YOnif', Dec, Sl-Tho more favor
able peace news caused nn nctlve and
higher mnrket this morning for coffee fu
tures, nnd on the call prices showed ad
ances of 17 to 31 points.
December
January ,.
Tebruary .
.March , . .
April ....
lar
June
July .....
Auiu.t . . .
Weplember
October . .
No ember
lllrt.
Today's
openlni.
.'lis
! BilUflg.M
! slsuos.s:
!'r,u6os.o.i
'. Koi oo.os
. 11.12
, U. 1500.18
Teaterday's
rlnee,
S.1SQS.23
S.2TVS.21
s.asus.ari
i.iiAms
g.S2W8.r,3
g.r.iMf ".mi
s.snys.oT
n.7.is.7
n.7iOa.no
h.rss.s;
fl.noifs.nl
S.uivs.oo
RAILROAD EARNINGS
CHICAGO OIICAT WEfiTKIlN
1010. Increaae.
Pecond we.lc December. 3i..m
Krom July 1 7.8&0.B3B
KANSAS CITY SOUTIIEI1M
fanember eroaa ll.O't.SSl
Net , 4I8.7SS
Klve montha sroaa ... B.OW.snil
Net 1,8011.002
PEltK MAnQUlCTTK
Second week December. I600.77S
From July 1 10.U02.iBa
I2B.22B
882,140
tlio. nin
H8.707
r.K,2S4 228,832
IM.0T3
l.t48.82C
The Choice of
Investknents
while naturally depending
upon the individual's re
quirements and preferences,
is frequently influenced
by recommendations of
bankers who have had long
experience in handling all
types of conservative bonds,
We should be glad to give
suggestions regarding Gov
ernment. Municipal, Rail
road, Public Utility and
Industrial bonds.
HANK KH3
."Eatiblleh-d 18S7)
321 Chestnut St., Philadelphia
nttabunrh Wllkea.narre
llojton Chicago lleadlnr-
LIVE STOCK QUOTATtnv.
CHICAno. Dee. 31 MOrtS Rm.u.. ..
Market etront. Be rilsheri JnleeSvJ'tJ
JK0.1O10 0i 'soo.1 heatT. l,8i J?
Tieay, IS.7BOo.SSi liehf.' t.?XtjYl IW
I7,eoo.aoi bulk, so.sdelo.jo: "'""i Hi
l?evea. ITWll.BOj caws ffl hefflla I &
alyckers, and fee'dera. IIUJ8.IO1 ft!!.wl
W.lll: talrea, gjl,60. V! Taxaaa,
niie.r.1- rtceipia, la.ooo. ir.rv .35
ISM? "' Western. 8.8SOB.o, ffnfc.!
Sugnr Futures Netroua
NEW YOmc. Dee, Jl.Tha mst, fMJ
nlila tieAPA naip. . m -....l 1 a're
sugar, nnd on tha call aue-ar r,i..T;."
1 point higher to S points lower, ij, Si
vanca being In the December petition: ?!
mariict was quno active and MnUmatBug
The
First Need
of every
Investor
1$ dependable infor mati&fl
Vou will find tMi tind of iaforeu.
uon in tne jonet sc uticer
Weekly Nows Lotler
Ute a riewapaper tide rmtiilciUea tu
a alatr of rtpertera and editor. SttMH
rorrripondeiita eoter dall tie rrHdnl
ralnloc camp,. r 0,1,1, ,Bj tadeatrlii
Centera an clltorlal aliir of Hatlillnl
riperta analrie and Interpret lb I, mwi
ror pnhllratlon from an abaoh'.dr .
prfjudlced eleirpolnl eed erer tr.CM
'"V,!""? ,Bd 'flere Bod thla lrn
pulillratlen IndUpeniaM la ttteiit '
iwaled on tlie ternrlltee et lb, fair
Jork Curb. Rend ror eerrent leine e.
tatnirjjr u,t latent netelerneeti la
la B0 actlre and dlrtdeoil palg( tteckt.
i
JOXKS S BAKER,
Vridtntr BHllihl, MltitlHU, H.
Pieaee sent ma the current Urn, et
jour Weekly News Letter 7J7T. V.
Aiirttt
)
Sllle.
JONES & BAKER
stocic nnoiccita
Widener Did;., PhiladtlpbJi
Hell. Walnut ICOO-l.
Kejratone. Race 2290.
Olretl Priicta rriree roasrellae
.Nctt York lloaten
Clilcago riltabargk
".Yothlna ta aril nut Serelet"
VICTORIA OIL
The one big independent Oil Company. Has
acquired and retired $500,000 of its own stock
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.
ii
fe ipedttlize in this Slock
J. S. MCCORD & Co.
Telephone1
Itfll IIBS Walnut
301 Real Estate Trust Building
PHILADELPHIA
Foreign Loans in America
Thtrty-elglit issues of foreign securities now dealt in la
American markets are briefly reviewed in
Our December Investment List
.The List also presents our current recommendations as t
borne investments, with income ranging from
4.10 tovover 7
Copies on request
Edward B, Smith &Co
EstAbzjbheo 1893.
BANKERS
Utmbtrt New York and Philadelphia Stock Exchange
14X1 CmaTNUT Street VmiXDzum.
30 Pinb Street nsw Yea
i
mt
m
1
0
GEORGIA RAILWAY & f OWES COMPANY
W deal In all tha stocks apd
othsr curlt!ai of tha abovo Camtsany
osiAs. e. mmm, w., n go.
riiJTB CHESTHUT STREETS, PWILSBELPHIA
iatjBtt iliBBBBKSari
u ejejea)piae&
O
fitoM
B4ejBwr i,i
aijTjTrfTWiiirfpmfTniia
ii".
-a
i iUi; (i rafe'UBI