ir4 -
KVBNIKQ LEDGER-PHILADELPHIA, WEDNESDAY, DECEMBER 27, 1916
FINANCIAL NEWS
pMlMtl a NWMI M M a , .- , . . . .
STOCKS ALTERNATE BETWEEN STRENGTH
AND WEAKNESS IN WALL ST. TRfDING
tWith the Exception of Motor Group, Supply Is Small.
jrrospects of Peace Are Clouded Minor Steels
Make Good Gains-
I . I II
V NRW TOniC, Dec. 27.
. there waffnUgtntInjc strength and weakness in many stoclts on tlio Stock
Excnango all through tha day' trading, but with tho not changes at tho oml
generally In tho sliapo of ubatinllal gains. Stocks were In scan: suppty outside
of tho motor group nntl It required only a little buying 'power to forco ehnrp
Upturns tn tho Issues tn which there- was tomo lrgreo of speculative lntorc.it.
Tha peaco Prospects, whloh oiurtil such unsutllement In tho speculative
situation In tho last week, were clouded Iwoausa of tho various statements made ,
by leaders tn the statesmanship of the belligerent Powers, and a waiting tendonoy
WM created In tho market for tho stacks depending on war orders for business ,
and prom.
There was buying, however, from Interests which Insisted that many of tho
Industrials nro already on a peace basis, This demand was most pronounced In
TTnlted Btntos Bteel common, In which 'there was n concentration of buying from
Important banking- sources and tho price roso.from 101 to 109M.
Many of the minor steels, Including tho equipment stocks, mado gains rang
ing; from 1 to 3 points and about tho fame amount of Improvement was mado In
tb copper stocks generally. Tho Marino Issues wore weak In tho early trading, -'
When Marino preferred was .sold down becauno of it repetition of statements In
regard to additional tonnage being lequliltioned by the Udtlsli. Clovornmcnt. but
the Marine shares developed pronounced strength In the afternoon, when tho
preforrodjityso about 4 points, and It was thon assorted that tho weakness In theso
stocks sins yesterday morning was duo to closing nut of an Important long
Una because of the approach of the end ot tho war.
No ono seemed to have u definite idea Us to tho reason for tho pressure
against tho Motor stocks, but tho theory wns advanced that Inability to obtain
supplies and t6 make deliveries of the finished product had brought tho business
for a time to a standstill.
Hcavlsess developed In Anglo-French Gh, which In tho afternoon wero traded
in on a largo ecalo nnd sold doWn to 9S. Tho convartllilo bonds of many cor
poratlons were also heavy, with Chill Copper 7s ranging from 132 to 130.
$8,000,000 More Cold From Canada
NEW ,1'OrUCl Dec 37. Hold to tho amount of $8,000,000 was received from
Canada, today and deposited at the Assay Olllco to tho credit of J. P. Morgan &
Coi This makes tho total Imports for tho year (030,000,000.
New York Stock Sates
l' New York Bond Sales Sales in Philadelphia
T.aat
; . elo,
A(ir namely i!H
Mx nnMr 72!
Anw-CMlmcrj Mrs 28'
AlllS-CbSl MfJ f r 80
ALwks n M
Am AffChcmlc.il
Atn Deet Soir. ......
Am Can
Am Car A Fdy ....
Am left Securities, .. .
Am I.lnwd...,
Am Loeomotlro. ,.,,.
Am Smell A Kef
Am Smelt tf n..
IIU
OT.'i
.. 00
.. 47H
. CO
. 30f
. 20,
. 73
105
01
Jllth. iw.
19M
7AH
29
80 $9J
Il!f II
o. Jiitn. i.
Hi 19H 11
!( 701 7'
93
OIK
48'i
07H
32M
20W
80f
01
B0 '
43
(W
20k
78H
8:00
p.m.
IBM
741
2tl
8S1,
It
01
00M
48
00
32H
20U
80
U'-iK 10M 104 M
I't
mm nw nur
AmfiitiMtfflnlM......110 1TOW imi Innu
AmTtI &TeI 2!M 13M I8SM 125K
Am Tobacco.... 210 217 217 217
Am Woolen Wi 41'4 4I?( ll'i'
Am Wf Paper pf ..47 40U 47 40
Am7.I.8 31', SO 39 no
Am 7. b& Hpf... ...... Ti 73 fm 72i
AnarondaOM 81! HUi P2H 82H
AtchTortASF... 101)1 101. 10IH 10W
Akh T S - V pf 10W 100U 1WIW 100'f
All Gulf A W I ...120H 124U 120 120W
nM Lom wti no aui bom no
BaltAOhio Rt Hj &Vi 8lH
iwinicnfm hiwi. ,,,,... .oiJ 01(1 600 U),
iirowa noe ,.... 03
Dutla A Rupcrior 4ii
Cat Petroloum 2.W
Cat retroloum pf M)j
Central Iilhnr.. ....... 80Jf
Ctaandlor Motor 101
CM A Ohio GO
Col (1.11 A liloc 41
cm it t a rc mi;
CWlo Copter 2W
coi nioi a iron ....... 40
IJOOO Atner Ar er I tu3
.low Amtr For are 8 .... T1
IWrh. Iw, a p.m.
nvtNNI Am.v.Nmalf H. .. I nrt
i.,u. ---: "-..-.'-. -..-..
:iM
'w Amu "ri eit 4
itirnr ao tvt i1 a ...
J2oiki Amr writ i'p r..
auwo Aicni.on it! 1 .
SW Alun Co una 4lt .. lit
S3WU liaa A Ohio 3!i .... VZ'i
rfww UO ! , Ill
v"" hi. cv in. . . . . .
swu n 0 awn an i
1okmj ila gi ivIm
juw Can Uovt Ca 1BJI.
JIM) Cat Oti & kite Si
.6WW CBl I'm) lit 4 .
buooo emu foppr 1
SUM
04M
o?u
.ioi
.IwiH
.luo
. UK?
.18
VIM
1)1
j-ww ...,i, .ujr. i ....Bun ini&
luw thH A Unto cy 4 ha.. Iu)t na$
wsw do conv si ...;'. wS 4 ii
0U
io
03X
48
2)
G7
88U
in i
oo
ii
:(
2.'Jf
tit
21U
(Wlf
niH
34lf
41
01
1M
(HU
10M
2i
m
KM
V,H
47
2.5
10M( 10I?
oo ri)j
uuvu Clil A .at 111 iui .. !.
iwv do 4a . . i. ....... uuh vi)H
ooii Chi ni W..i .. ' iX
4owu ciii un m m.'.'.tw iiwu
uwu un u t n joint 4a., usv U8U
JTOii CM n w n 4... V3C U.5
1"W Am Oaa Da.. , lUvStuilH
jvuii vni ii u raff a... hh his
TOW CM MM A St 1' 4a '35. M ill
UUII fdn t II ftm ..... .lll.lU ln.tL
r.000 cm Mil a, RtP ev 4Ui iuoU iimiU
ihiwi L'ni ii U 1" rid 4a .. 78 U T5l
BoooTdo 6. .... rail in
I uuo Coi tnduatrlal 8a.. . 11 H lib
atldiand . ..... lTta 17 Vt
3ui
ii
ItlUVO Col
w.
CURB SHOWS STRONGr TONE AT TIMES,
BUT SLUSH AND RAIN CUT BUSINESS
NEW YOItK. Dec. 27.
Tha Curb market at times today showed n. stronc tone, but, with tho brokers
ctandlne in slush in a drenching rain, they could not bo expected to ohow much
vigor in trading on their own account or.ln following up advances which rosultod
from buying by substantial Interests in various stocks.
Mldvglo Steel was strong, but should hava been stroncor In view of tha fact
that poaitlvo statements were mado that tlw directors on January & will declare
dividends at the rate of 12 per cont per annum. Rome of tho copper stocks mado
fair gains, United Verdo Extension moving up from 37 to S&, and thcro was
k good demand for Duttu Copper und Zinc without much chango In price.
Submarine made a gain of tnoro' than 1 point In tho eurly trading, celling
At 30, and Steel Alloys was strong, wltlv trading at 7 to 7, Tho independent oil
Btocks wero goncrally heavy, but those Issues ranged 'within narrow limits und
showed llttlo net chango from recently prevailing prices.
The reorganized railway iitoclta tihowed a llttloMlfe after midday, but tho
gains which were mado In those Issues wero not maintained. Poro Marquette,
after selling at 37", dropped to 37l. Standard Olt stocks wore string. With
Standard Oil of Now Jersoy advancing from CSS to 701. Standard Oil of Indiana ,
sold at 830.
INDUSTIUALS
DM.
Aetna Explosives 4H
Am Urlt Mfg ,1
Am Marconi . , 1
Can Car A Fdy 3
do pref 3
Charcoal Iron 1
Chevrolat Motors IIS
Cramp Shipbuilding ... H
Curtlas Aeroplane ..... 33
Emerson monograph .- oft
Haakell A Barker Car .. 40
Hendea Mfg s
Kathodlon Ilronio pref. S
Laurel Oil A Gas OH
Maxim Munitions Hi
Midvalo Steel S3
New Tork Shipbuilding.. 44J4
Otis Elevator
North Am Paper fA
Peerless Motors 10
Poole Ens a
8 H Kresee w i.. 11
Standard Motors H
Steal Alloys... 1
Subn rlno 38
Transue Williams.. 40
Triangle Film V4
Todd Shipyards 85
United Alloy SteH 6
U S Steamship 8
United Motors. 40
USLfell 14.
. da prof..,., S
World Film... Ji.
R.VlItOADS
Pers Marquette S7U
do prof.. 80
Itock Island , 4lH
do A pref. ....... .-.. 8S
do B pref 14
Western Pactflo w 1 31
do pref........ 48
Wabash Pittsburgh ,11
STANDARD Olt, STOCKS
Illinois 130 33S
Ohio ...v. aoa 4oo
Prairie Pipe s:s. S3J
tand Oil of California. So tt
Tea. rloae.
Aakad. ISalo)
S 4
IS
3 ..
45
15
Hi
133 133
00
SO
41 43
30
4 3V4
. . .
4H ..
02 V4 at
43 H, 44
as
0
30
100 80
13H ..
4 ..
1V4 IV
30 31).
44 43
3 34
88 88
SOU 80
40H 40U
3
S
M4 1
31U 31H
at 73
43
01 , ..
15H 714
S3
48 ..
33
310
Yes. rloso,
Tllil. Aakad. (Halo)
Stand Oil of New Jersey. 100 70s
Stand Oil of New York. 398 37
OTHER OH. STOCKS
Harnett Oil A Gas 3ft Hk 3ft
Cosden OH A Oaa 14 Vi 14 14H
Federal Oil aft OH OV.
Inter Petroleum ....... 10 10V4 ..
Houston OH 30 31H 31
Merrltt Oil 13 1H 11
Midwest lief I... 80 S3
H0y.1l Dutch aiu as 08
Sequoyah Hi 3 113-10
Snpulpa Ref H 10 oy.
Sinclair atft as as
MIN1NO STOCKS
Alaska Standard 34 30 37
Atlanta 0 It 10
Blit Ledge Sfn
Btabeo Cop (a prusp).. 1 11-18 1 3-16 1 3-I61
uutio uoppor & ina... lift 11 lift I
Butto NY Hi 3
Cerro do Pasco 37 88
Consolidated' Arizona . . . ni 3
Emma Consol 1V4 ill
First National U 84
Florence Ooldfleld 30 33
aolddotd Merger ...... a 8
Hecla Milling , 7 7?i
IIowo Sound 7i T4
Indapendenco Ixuid .... 17 10
Jim Duller , go 00
Jumbo Extension 23 3d
Kewanas 10 30
McKttUey-Darragh ..... BO as
Magma Copper 41 43
Mines Co of America ... s li
Nevada Wonder ....... 1 svfc
Nipissiug ai, ojf,
Ilay Hercules 4V4 44
San Toy is 17
m jomuii Lead 17 y, it
CMdo Copper MK
Curn ProiluctJ Itef 23J(
Crurlblo Htcel 02
Cuba Cano 811 jr filH
UhUII Sec Corp'a SOU
Erio ;ir,
Outoa W A w 10
(loodrlch II V 01
Qranhr CoomI m
Great Northern pf ... .I17X US
0 N ds for ore prop. ... HSli H7!(
tltcono Cananca, My, 41i
tJutf States Htcel 13.1 138
GnU State) S lit pi 107 107
lrtip Cos Cop 63 M)!
Int Con Cor t t oah... 1 ,)( 17)f
intmper 48M 6I5
Int Paper pf IftUf lo
Int Nick r t cf 1 41 4.1'j
lot Mtr Marina :-3!f SIM
Int Mer Marine pt 84!f H
Kan City Soutbara 201$ 20) j
Kelly Sprlns Tiro fl'l 03
Krnnccatt Cop Sh AiH 4(lf
lflle Usi ll'J
LaekHttelCo tU K
Isi Ilubber Tlra .10 30
Lehigh VaUcy 7l)Jf 80)4
I)O!0-WIa HlKUlt 21 '.MM
Maiwpll Motorj Mil Mlf
Max Moton lit pf 72) "Sit
Max Moton 2d pf 37M 37M
Mei I"rtrolcura 07M 0SJ1
Miami Coppor IlStf 3UU
MoPacvI am 31M
Mol'aottcij 17)f 1J
MoKan&Teiai HJf I2.M
Mo Kan A Teias pf . . . . 21 2J
Montana Power 103 KUlj
Nat Cloak A Suit 79M HI
Nat Knam A S Co S0!f 0M
Nat'Lead Co ;0K COM
NovCoaCop 24Jf 2-tM
rew rors Air uras....l4M 150
43M
35
2IM
45M
ul
2.1M
02M
CIM
30M
3iM
40
GO
lM
42M
33
2 IV
40
MM
23M
02M
C2
31
.TIM
it
01
1)1
1I7M 118
10M :iil!
41
131
107
5S
10M
4HM
tot
42
22M
KIM
25M
01
45M
41M
13.1
107
ssj
10M
48M
10.1
42
24
80.M
20,' i
OJ
4"M
titiimi cur or i-aria r,i
lOOU Coinn Tab Itan IM Ila.
Iiwii C'tiniuarlaiHt 'iVI . liwK
TMVO Vtn & 11 U rfil 0a ,, 07 !
Jvuuu Dttruit united .! ,. run
blmu iria conv 4a Hr II .. Stj
IUOU III Hlael ilab 44a ... P3U
14(11(1 ind .ll.il an ........ lli3
iiuuu interb ilm 4W a ...,: lih
3IHIUU inlerb It T ret & UH
UUUU Inttr Mar Mar (. ... u.,
ilOim Inter l'apor.ua .tui4
210D0 Jupantaa 4V4" Tn'i
li'iui) KCHbaP Ua lllBl.llOii
SUO0 l.ucka bteel 3a IUJU..1III
luuuu da r. 1U30 tlH
I uuuu uiue unoru tn una, .v
looo d.l 4
atioru gi
a IMS
luvo tin lull
ISOuil Us b M T fia,...
voml l,ou!n Nuah 4a.
RlMM Mlltvalikra lias 4 ,
10OII M K - T lat 4a ,,
4MIUU .Ma Vac w I 4s.....
1101)0 ila w I B 1U20..
1UV00 Montana Power Da
IUOU NOT M till Ila,
K0OII N T C ft II a!ia ..
A70IHI ila da
14000 do 4a
1 UUUU do 4 V a
10XXXI N Y City 4(4 I"""
'in;u no a a Aiar iiiot
5J
(13 V
::rM
UO
7HVi
HO'.i
1UI
PS.
HUH
fir
IuoU
WIS
iHH
P2U
l"li.
1I0V.
t'
s'sS
US'.
lKiM io:im iaiM
wii
30
70K
IMi
TOM
33M
03M
30
.KM
17
12
HT
30
80
24
47M
70M
33M
05
3'JM
3-1 M
17M
12
22
103K 1I'3M
B0 80
20 20M
CO 110
2SM 21W
14SM 14HM
do 4 "4 a
L'HOn fin lUa Nnv 1UA
UUUU K Y Uaa II I 4a.
loooi) N Y Itwy rr4a ...
i.wuii n t iai sen mi
48IHIH Nor 1'no prior 4a
lairuii uu tan ja
nnort
luOO Ora
I.lnn Aa.
11WJO Ore Hwr A N con 4a.
IIHHI rnclllu Tel Da
?.m
.100
Mil.
."'ft
1I3K
C3U
nut.
..103H
. .lim
100
S3
107W
U.I
loo't
02H
K'-
72J
vu(!
4
iint.
Ki7M
(13
02. S
1112(4
H"I,S
luiS
nil.
n.i
U5 4
II si,
77H
AH
in.T
Now York Central.. ...103,M 105M 101M 104M
New York Dock 10 10M 10M IWf
NYNIIAH M MM MM MM
N Y O A West 20K ROM 20M 30M
.130 13I1M 130 li'lOtf
. Riii 85 85 BS
. 71M 7IM 7IM 7I.M
.U0M U0M 110 U0M
. 60M COM VM BOM
.. 3tlM 41M 40M 40M
. 70M 73 0M 70M
20M 2I1M 20M 20M
10.
Norfolk A Wialern...
Norfolk A Wejf pf...
North American
Nortborn l'adfle
l'nn llallroad. ......
Pitts Coal cof dp...
Preswd atcel Car....
Ilay Coa Cod
Iteadlnc 103M
I03M 101
78), 78H
101M 101M
28
38W
04
07M
32H
70M
27
, 37W
1 1310
1?B
3
6
7
SI
33
31
40
OK
4
14
Tonopah Extension...,, 3 1.104 l-lo 454
West End con ,,. 70 73
White Oak 4H s)& a
BONDS
Amtr Tel A Tat now Is.. 00 00H 00
French Municipal Cs.,.. POH 07 9f
Russian Stja.., osh 09
Sinclair Oil its 117 114
liopubllc Iron AS 7H 70M
itepnDiie 1 & pi iu. 105
Bhat Aria Cop 2, 23 27
Hoaboard A I. pf 3IM 37Jj 37M
etoaj-Shei S A 1 0IM 05 01M
rjouthurn I'adllc 07M 0SM 07M'
Southcni lty 32M 33M 32M
Konthern lly pf 09M 70M 70
BtLASiewl U7 -7W ?rt
Studebak8r Co 1UM H2M 107M 100M
A .. :i) iun !i
Taias Pacitlc 20 20M 20 20
lobacco 1'roducU Si)t 68M C7M 67M
lolBt I. AWest H 12 11M 12
Tol St L A West pf 24 SI 10M 21
United Cigar Sioroa USM 0UM 07H 09S
Union Pacinc 147M 140 147, 148
U S O 1 I' A K 22 22M 22 "2
HSPiP,iKpf m 00 o
HS'n1"1,'1?1 U2, "' 1U1 l"li
U S Realty A Imp 32 18 28 a
U 3 Rubber oim 05 02 03M
H22.RAMV Cl 09 0"f
US Steel Corp'n 107M 10M 101H 107M
V 8 Steel Corp'n pf 110J 120 110M 120
Utah Coppjr. 103 103M 101H 102M
Utah BocortUes 21 21M 23M 23M
VaiioaCoalAO 43 50 CO 5J
JX,M5'"", 15X 10 15M 10
Wabash pf A 574 67M 57M 57M
,a.T$pfBi Wii Wii :,n5 a:iH
JX,,?i5,?.E,D Ulyi Uii 1Il' H3M
West BAM 53 60M 6014 SGM
w.-iu aiarjuuu zaifi ZUYi 2S)
Willys Overbad.... ... 37 87M 30M
Woolworth V W pf 121 123 125
w ortmncton Pump j ijm 20M
1UIIII Puclne nan Sa....
1!llHKl l.nna sen ct 4Ui
num. no en ,.., iua?a
100OI) do I'.is 1021' lot,
luooil I'conlo'" Uaa Da lot'.
noon rtil lit Co conv (la 1023. PS
loooo Itlrh 4 Dan Ha ...... OH
I DUO Itorlc I U A Ork 4Ua. 72K
101)11 Ileadlne an l 0.1,
loon Itnadlnir-Jfr On 4a... uafl
1SOIK) Ut t, - N K ait 0 77H
U300 da In S OH
300O do sen Ba 103K
4.111(111 do 4a Ser A 70i nus TO
1100(10 do Da Her II SS14 8.V. 8 .134
immki Kt tAiila Hwn 5a lis (17 '. OS
f.OUd H.aboard A. I. ndl Ba. lint Rilti AAV
ouuu uo am 4a ....
linoo South I'ao cv 4a
20OO do ret f p Cs
111X111 .)i rlil 4a '112
7000 South Ilwv sen 4a..,. 73H
.iivij uo koh tin. . , nrj
hikhi Tciao a i'ao lat on..
luou 'icxaa i;o cv
aooo it n unity na
11 nun tr h imiiiHT sa
1E00O U H Steal a f fia.
1:600 Union lno tat 4a ON
loiii) 00 cv .a
1000 do rM 4a
17000 Un IC or at II fe I Sa..
7(xin do n4n 1010
2UOOIHI do Blia 1021
soon Va, Car dim lat Sa.
7(iii(XI Vb-l' T lat ct f R 4a,
lOOU Weat niectrtfl Cs
1000 Wtat Hhcm la
1000 Weat Union 4Vis
Ml.
,.10SJ4
111
tilth. Iiw
10 Am dna ..10' 116
3 Am Milting 0H H
7t Bald A pflOl 101
10 I) AHtapf 88 a
lit Cam Iron. 48 48
88 Cam Steel. U0 110
201 ICIeo 8tor. 8 07
10 OAsph pf. 70)4 70)4
100 Kcnno Cop 40 48
4087 1.1c Sup C. SOU 1DV4
37 Leh Nnv. . 8SH 814
lit Lett Valley 8OV4 80
8 h V Tr. 33 H 33 J4
48 do pref., 43 43
340 Nov Conu. 38 li
280 l'cnna It It 8014 8884
178 Tennn Salt 00H 00
10 1'httaCopf 41!4 4114
014 J'hlla Elec 31 837.
310 V II T I o ity 33 ,
18 I'hlla Trao 83 83
1010 Ton Ilel... 4")i 44
110 Ton Mln.. n 8H
10 Un rncinc.148 148
78 Un Trao . , 40 40V4
201 l!n a Imp. ot M 01
tiso u 8 Btcel.too loiy,
8 W Jer A B 8014 M
ISO WmPramri 8314 83'
7 York Hy pf S7 87
WINDS .
IllUh. Iliv.
(300 A OAMI CS 08 U0
3000 Con True
N J En.. 103)4 103)4
800 rity 4s mo
res; 103)4 103)4
1000 do 3s 10!1
ret; .... 03
8000 do 4a 1311
roir ....103)4
sooo I. Tit rets
rnii.i 87
1000 V Tr 1st
Cs 03
SOOO Pa Co cons
414a ...100)4
3000 I'lillu Elcc
Cs 100)4 ion)'.
lono Head en in 03); 0(1 )i
300 Wels Co Ea DP 00
3000 WAN Ily
gen Es.'.lOSSi 10774
Net
ch
rieae.
130
0)4
101
88
48
130
67)4
70)4
48 .....
10)4 V.
88)4 )4
80
24
43
28
8014
08)4
41)4
338,
31)i
83
4H
Mi
118
48)4
Pl)4 1)4
107Si H
80)4 ....,
W
4-8
Vt
4
. . . .
1
4
V
H
OS
103)4
I
87
02
108)4
SJJIi .....
87 1
Net
Cloe. chae.
00
1024
103)4
PS-'
103)4
.87 1
83 .....
ioo)4 W
100)4 V.
os)i y
00
1034
NEW YORK COFFEE MARKET
NEW YOItK, Dec 27. Tho market for
coffeo futuros opened easier today at de
clines rnnKlng from 3 to 8 'points. Trad
Inic on tho call was not active, sales being
estimated at about 3000 bags.
After the opening values showed n sag
ging tendency, duo to tho outlook abroad
for peaco not being so bright. Trading was
not at all nctlvo, however, and what little
demand thcro was from European Interests
nntl Wall streot operators ivaa readily flllod
by local trado Interests.
Todays
103 102 lp:!
at O...10UH lOOH luOS
.::::1iii? "MS 8iS
io-jj, in:); loji;
ia 103)1 10.-, lO.'.V
i OR'i OHH
U3M, 1)3 D.l
iVf Ul)4 01W
08 4 V8 S8U
BS usu ohS
U84 t8 IIS
U'.l 4 01) It Ot'U
3.1 ft 83 38
.102 102 102
024. P2H 03 4
Oil DO 0(1
SuRnr Futures Active
NEW YORK, Deo. 27 The market for
sugar futures today opened 1 point lower
to 6 points higher, with business Inactive.
The fact that tho peaco outlook abroad was
not so favorable had Its Influence In tho
early trading, and there, was a disposition on
.tho part of soma brokers to give support to
the now crop positions.
December
January .
reDrusry
March . . .
April ....
May
June
July
Auauat . . .
September
October ..
November
Hid.
upenlnsr.
8.83' 08.ilS
H'nib'i.'ei
Yeaterday's
rloae.
8.91(18.80
8.43(18.43
H.nltiH.ftft
8. .10 08.00
B.oaos.07
H.Tn.es.iA
8.8098.81
H.H1W8.IW
S.D2V
S.t)0tlS.P2 H.OeUB.tM
H.ODUB.OU 11.01 Su.M
11.00 0.10U0.11
Wheat Quiet in Liverpool
MVKIll'OOLi. Dec. 27 Spot wheat was
quiet and unchanged today, with So. 1
Duluth quoted at 17s 6d, baril 17s Htl,
No. 1 northern Manitoba old 18s and No. 8
northern Manitoba lCs lid. Corn was quiet
and unchanged, with American mixed
quoted nt 13s 9),d, and Plato at Ua 8d.
export grade ot flour was quoted at B8a.
GOVERNMENT BONDS
Hid
Sa rcslatored 1030
2a coupon 1030 .,
3a reslater.d 1018....
Aakad.
Sa rouDan 1U1H.
4a reslatarad 1028.,
4a coupon 1828
::
..lOOJi
..U0)i
111
2SK
371 (
12a
MIJI
RAILROAD E.VRNINGS
TBXAB AND PACIFIC
.'?J'!t.. Increaae.
1437,804 .114.2011
10.VU8.3I13 1.B23.I27
8T. I.OUIS SOUXlIWrKSTEItN
Third week Uecembar.
Ironi July 1 ,
Financial Briefs
Henry A West, or thla city, and White,
Weld & Co., of New Tork, are offering for
aate the 16,000,000 Luken's Steel Company's
new Issue of 7 per cent cumulative first
preferred stock.
Banks lost 'to tha New York Subtreasury
yesterday ir.OJ3.000. and since last Friday
gained 110,998.000,
. Chandler Co., Inc., will roovo to the
second floor of tha Franklin National Bank
Building, Chestnut street above Broad, tn
tha early part of February. Tho move la
made necessary by the cramped quarters at
1333 Chestnut street where tha (Inn occu
pies olllcea wl(h Chandler Drpthera Co.,
tho former handling- thebond business and
tha latter stocks. '
dross sales of the doodyear Tlra and
llubber Company for the year ended October
11 totaled 383.QSO.400, an Increase of IS7..
1S9.71S over tha previous year. Tho uat
earnings Increased 31,868,247 to, 17,003,330,
Which la equal to 35.81 per rent on the com.
rnon stock outstanding, after the preferred
dividend charges ara deducted.
For a seat on the Philadelphia Stock
Exchange J3B0O a bid and ono Is offered
t IIEOO. x
Tha gross earnings oftha New York Dry
Dock Company during November totalled
ISos.ftOan inorea.ee of 148.573 over No
vember, 1915. Net increased I3J.XJ7 tn
H50.5U,
LOCA MINING STOCKS
TONOPAH BTOCKS
LONDON STOCK MARKET
Talk .of Pcaco Without Effect Gilt
Edge Section Strong in Spots
LONDON, Dec 87. Post-holiday In
fluences, were In evidence on the Stock Ex
change today, and trading remained on n
small scale. Tha attendance was light.
The undertone of the markets, however,
was generally Arm, having been stiffened
by dermany'a food troubles. Talk of peace
had no effect
The gilt-edged section displayed strength
tn spots. An excellent Impression was cre
ated by the action of your Federal Reserve
Bank in appointing tha Bank of England
Its agent
The revenue of the United Kingdom for
the week was 13.437,000 and tha expend),
tures X60.5J9.000. Supply bills to the
iiiiuunl of f 33,170,000 wer sold during the
period, and f T.118,009 exchequer bonds, eta,
were disposed of.
In sympathy with the Improvement at
New York, Americana weVo strong. The
feeling in Canadians also was cheerful,
Home . rails were steady. Allied bonds
were maintained, following 1'arla. Soma
mining and oil shares were good. Arma
ments wera dull.
Third week December,, 1318,000
UNION PACIFIC
November groaa ....,,110.780,(182
.-w 4.I128.27U
Eleven montbV sroaa,. 03.741,040
Net , 23.3.32,1:8
CANADIAN PACIFIC
Third week December.. 12,070.000
From July 1 72,001,000
ORAND TIIUNK
Third week December,. Jl, 1(11,002
CHKSAl'UAKJJ AND OHIO
Third weak December.. 1888,131 111,741
148,000
11,881,1113
803,101
B.ASi.uim
4.037,011
13 4.000
11.17.000
1124.008
Earning Power
When you Invest, elimi
nate unnecessary factors
which tend to decrease yield
without influencing safety.
This policy will conserve
your resources and increau
the legitimate earning power
V of your capital.
Our December bond cir
cular describeaa wide selec
tion of issues yielding from
2.90 o 6.90
and adapted to varioui
requirements.
Send (or Circular rE-8'.'
The National Gty
Company
1431 Chestnut St., Philadelphia
New Tork Chicago Saa FraBciaco
Uoatoa rittibojta.
B a coop sHiqp'y.'lAruiiOTiitwiaa"
I ( TRUST JSMaalwalxSDi
from July 1
33,703,711 1.903,791
PIIILA. CO. EARNINGS GOOD
The etatemtnt of sroaa and, pel earnings of
1)1114 tomuaay uni
tha Philadelphia Comu
and affiliated operat
ing- companlee, claaamed by deparlmanta. for
fiorvniDtr una aunt inouina enuea noremDer 90.
11118, couiiiares with corresponding perloda laat
)tar s ullqwa:
NATUltAI. QA8 DEPARTMENT
I0t
November sroes .,,,.., I74H.740
Nat 418,3118
Eliht rhontbi' srow .. 3,001,791
Net ....,,.,,., 2.020,083
Oil. DBl'AnTMUNT
Novambar sreaa 134,888
Nat , 13.838
Etfht taontua' sroaa .. 309,231
Nat , 130.804
KLECTIllC 1.101 IT t
Inc.
1110.383
87.3D8
843.78 4
523.85!)
7S.410
06.443
POWER DEPARTMENT
I03B.318 1183.483
183,083 4103,339
lirtit montRa- iroai .. 4.aTrt,731 878.BS4
Net. 1.780.837 02 783
BTRBET RAILWAY DEPARTUKNT
November sroaa -.- 11.148,828 182,470
Nat , 38S.82U "10,378
Elsht montba' gross ,. 0,181.180 783,838
Net 8,039.040 18,873
TOTAL A LI. DEPARTMENTS
November sroaa) v.... 13.888,078 1333,803
Net 083,418 " MSO
EUbt montba' (roas ., 18,888.878 J.G83.1W
Net 7.837.114 083 807
LVcreaao.
Novetnlier sroaa . . . .
Net ..............
Eliht months sroaa
DIVIDENDS DECLARED
Roanoke Oas Light Ceropany. regular
tarl ul Hi par mSI en tha preferred
ianuarr 3 to nloclc ot
.RlL
flanara . . . .
ay
jHienmon
tr
Bid.
.04
,20
SO
13
.. -.f .a
. . . M,...l
?"'
r , ... ?
QOLDVIELD BTOCK3
.02
IS
11 H W
Aakad.
V
It
.23
.18
r
parable J
ciiuUr SO,
Mabsnlos: C
WLruary 1 tc
Puhlln fiarvlea
regular quarterly or. 3 per. cant, paya
cwuber 80 ta stock or record Daeainber
Weat Pana Tracllaa Company.
Urly or itt pr cent
payable January 3.
r quar.
1 atoalc.
record De-
uaual anih
oa the preferred tick.
Waat Pwtn Railway Company uaual Quarterly
at 1U per ot on lb sreterrad atock. payable
rebruary 1 to haldcra of rord January 0.
Warren nrotbua Company.
Itt per earn ua nrei praic.
praiarriea apa 1 per cent en comouau
VI
per cent oa Brat pre
1 pre.arTe. av4 A
rs.tl January
rerr
regular quarterly
i. 14 par cent
stock at reeerd
Nana Butt Ceppar. quarterly of 78 eaaia
dwj 19 kai rasord
JJUUng Ci
We' own and offer
City of
Philadelphia
MATURINQ
July 1,1840
July 1, 1842
July 1, 1846
Jan. 1, 1846
A. B. Leach & Co.
Investors Are
Kept Po8ted
regarding the securities
they purchase from ui1 by
letters tent ihern at fre
quent intervals. These
letters give information
about all important and
interesting develop
ments. In this way the
investor can keep in
close touch with the
progress of the com
panies whose securities
he holds.
WilliamP.Bonbright&Co.,Inc.
si .... .T
MOflHIS WISTAR STROUD, Jr.
llaoaier
437 Chestnut St. Philadelpnlrt
New York Beaton Detrali
LoniloS S ParU '
William P. UeabrtsM Co- BoabrUkt k Co.
For the accommodation of Its
large and Increaalns nnmber of
patrona nlio find it Inconvenient to
trnnaact their banklnr bualneas
dnrlnir rezular banklnr Iioura, the
Itepobllo Trust Goropanj announcea
EVENING
SERVICE
betlnnlna January Second, 1017.
Iioora will be open for bualneas con.
tlnuously from 0 A. 31. until 10 P. M.
every weekday, Including- Saturday.
This cliante la In accord with tha
policy of litis Inatltntlon to render
at all times nnd In every notalbla
form TUB KIND OF HEIIVICK
that la at practical benefit to Ua
patrona In tlielr builneaa sod per
gonal afTalri. 0
Republic Trust Company
Conveniently lAoated
1429' Chestnut St.
Capital '. (400,000,00
Hurplua ,..8300,000,00
Further Information Upon Ite.iueal
-w-
IMESTtrlENT
SEASON
SfeelAlloys Gjp
This active tsaua haa
recaatlr advascad
From 2a to 7V9
Write Xor ?lreubr Ho. 1
C. H. CLARKE
Worton H, Alexander
vfflirJp?uei
Stock Exchange B) Pbllau Pa.
Commercial Letters, of Credit
t X?p ananolns- purphasrea pf werqhandJue in te Vdm
JES ....' i .13
fi .ir. "p - - . - 1 aaar wuraBM
f-MT ' '.',',','.'. "" 'SI I Jaauary IS.
SiMunui f a. ........... .98 . .aw 1 J ua mtlM rsA9n
pwft --&xmJBkit ummW!irmA'-',mTi' ' :M?SESEvr
hi iiiii iiw w Pi1 1 inn 1 ii 1 11 --.---. p . rrz.r hjui ivb
WE HAVE DEEN MAKING A PAR.
TICULARLY 6TRONO EFFORT TO MBBT
IT WITH A U5T OF SECURITlEa THAT
WOULD SATISFY EVRRY DEMAND OF
BVERY CHARACTER OF INVESTOR.
WE HAVE CATALOGUED THEM WITH
DESCRIPTIONS AND YOU WILL PIND
THAT THEY ARE APPROPRIATE POR
BANKS. SAVING; 8 INSTITUTIONS,
TRUSTEES AND INDIVIDUALS.
WE WILL SEND THE CATALOQUE TO
YOU ON REQUEST, AND RECOMMEND
THE SECURITIES SHOWN THEREIN A8
HIOH-ORADB, SUBSTANTIAL INVEST,
MENTS, Y1ELDINO EXCELLENT RB.
TURNS,
BAKER, AYLINQ & YOUHQ ,
LflHO TITLE BLDO,
PHILADELPHIA
BOSTON CHIOAQQ
The History
of the
New ork Curb
Sen4 for our booklet tje
scrlblriEf the growth snd
important functions o(
the New York Curb Mar
ket Ak for 81B.T.U.
JONES a BAKER
STOCK nuQKERP
WiiBU,:rKi!ickJf4ua
W&m fVaH rWal,
LOCAL FINANCIAL DISTRICT FiNtofi
LITTLE TO DISCUSS DURING THE DA
Declaration of Larger Dividend by Pennsvlvanin n J
IIUIIJ- XXUVM i-wo, xiMtyuawaill, i-'UVeiOpment.
Brokers Are Reducing Loans
Tha flnanclal illstrlct In Phllarlelplila
found very llttlo to discuss today. About
th most lmtortnt development wan tha
declaration of a dividend of 4 per cent by
the I'ennsylvanla Company, hlcli operates
the western lines of the Pennsylvania Itall
roarl, maklns 8 per cent for tlio year
against per cent declared In 1916.
The stock market did very little, business
feeing the imallest today of any day of tha
present month. Consequently the. changes
In prices were, as a rule, narrow,' Cambria
Steel being the ona prominent exception.
This stock came out with a toss of S points
as compared with tha last previous closo
and inter sold un 10 points, making a gain
of S points as compared with tho previous
sale. Tho supply of this stock In tho Stt-cct
In very small, nnd therefore tho movements
nro usually wide when It doca sell.
Brokers aro generally reducing their
loans. This waa shown very conclusively
In the bank statement of yesterday. At ono
large commission house today It was said
that loans have been cut down very mate
rially. It was pointed out that this Is not
unuailal at this tlma of tho year, when
traders are cleaning off their books In
preparation for tho new year nnd making
very few new commitments. Tha president
of one of the large trust companies, In
speaking of tho money lrtA, '
here In very llttla doing "SSft, f
the rndlt on lm tif'J T. h eettiai
market nnd In bualne "l?. !
. f?sr JJ 6"
ii. V . rrnuion of loans 1 iVJ Z?
of tho barlks In dlcrlmlnatir,J.Ul?T!
of tho collateral ofTeriS bJ1
nnnlna whiM, - .." u Blocks ar
or warMer s iicUmn 'Zfij
co lateral, for a- loan at "Li .
pr co nt which they are ..ii"""""'" r
Ket. ..... m u
'1
'&
m
1
COTTON IS HIGHER,
BUT BUSINESS SMALL
Good Cables Have Strengthening
Influence Liverpool la
Seller After the Call
NEW YOItK. Dee. 27. Business was
small at the opening of the Cotton Rxchanga
this morning and dealings' wero without
special significance. Tho tone wan Ann
with prices 7 to 16 points net higher In
sympathy with an advance In Liverpool.
Commission houses, southern operators
nnd uptown Interests wero buyers nnd the
moderate supply cams from room traders,
spot houses and Wall street.
After tho call prices receded 3 to 6, points
under Incroased offerings, with, Llvcrprtbl
it seller.
Liverpool nt tho tlmo of tho start here
was 82 to SI points higher. Advances of only
23 to 27 H points wero duo. Prlvato cables
stated that the tone was good on general
buying Influenced by tho ndvanco hero lata
Tuovday.
Tho market contlnuod firm but quiet In
tho nfternoon. selling up to a net ndvanco
of 30Q33 points. October contracts wero
rclatlvoly firm on demand from nouses
having foreign connections.
Wall street and western shorts furnished
a conoldcrnblo part of tho old crpp de
mand. Hoports of a steady advancing basis
camo from tho Southwest.
Eastern belt messages told of extensive
packing houso and grain elevator develop
ments to provide for Increased stock rais
ing nnd grain crops.
Tea. rloae. Open. 11 n.m. 12 m. 2 a.m.
January .... 1(1.(15 I11.8O Hl.lll la.tio 17.01
March 17.01 17.19 17.20 17.2S 17 01
May 17 80 17.M 17.84 17.S9
July 17 87 17.8S 17.611 17!b0 ll!?
wiuwr .... j..oii iil.oi 40. VU .. 10.1
spot leas " :.,.
Taking the operations on th. tr. Lk
change under discussion. Lake sn.?V ;
the- most net ve. and 11 tC... frtarvir'
Uon to across0' Jo ".ffiffiELjP .&&
Transit trust crtineate7'rp'',;
vdlumo of trading a1 MB
gain. Union Traction TwaTun?.' M
upward move In UnHed rjaa"'!'!
which cA'rrled "it un iVm.-f
was lost later, attracted omVS.! Cf
l'hlla.lelphla Company carnin.. fl
vember and eight months: whi,0! i
raid nro published iTSSiJSSL
nui nave any crxect on tha cnn,...-?1 -'.
nere. Tlio 6 per cent preferred
iew lork tho cnmmnn ..iVw "a.
nared wllh. Il, l.i il Jri'": M
mm. 7 "' "" "" K
I
; alwrwi
LIVE STOCK ntTiYr-A.r..,....
CIIICAOO. Dee. af.-npon ",.
era. ln.o 0 loriW: gSf tS, "f .as" '
rough heavr. llO.lSOlo.sfirilJfil 'tS'ajtSt'
. CATTI.R necelpta. . lB.oon i,..' ..
airons. neerea, il eou goieoi. ... .""hi
I4.1HI1P.2B atiwWa and fiLSeTa if,.i''J
tltt4iri . l--..l. ..a..... A " ,f-
ftrt?.. Natlre and VeaternyiS.sSoS .'';
iv.outf ls.eu. ' ---v, wwai
BAR SILVER
New Tork (cents).... T'' T"
lonuon ipence) .,.,, sen jju'
'A
"
iIfiiiiB ASIC'S
a I
TO YIELD 6
wj are ofTerlng a First Mortgage
Marias Equipment llonil. Properly
value twice oatatandlng bonda.
Karnlnge eight times chargea. Cir
cular on request.
MEI.LOR & PETRV
Members N. T. I'hlla. Sloek Kiehansea
330 COMJIKBCII. TRUST 11UILDINQ
Unauatleiiaalr, Ua tails
jaallty ef ttrlXt la Ue fieal
ty er pnltlag lame perllea
f ona'a earntota la to auk
at ragnlar lalerrala.
qTfcen the next atee, after
a certain ua fen fceea aa.
mmalaied, It U iwk limt.
meat ebaaaela la alta tt
plica tha MTlnn. it ai ta
ensure tile maximum laceme
retara, cemcatlMe wttlt it.
blllty ef rrlncltil.
1 Bereral thmiiiad cetple
have fenad Uat tM ft mi.
UT faelllUted by
"He TwraJj hmenl Pba"
and
TnTestmenl OpuortiraSio'"
RAnrone wbe la Intarntad
la dereleplas th tariff hillt
with tae mlnlmom tf ea.
oeaeor afeeald sot fait te
Rgnlarly rsealre seliea
OpporlaaUlee aa It Ii luttd
from fortnight ta fertalrst.
q It will be sent without as.
talUa aay abUgatlaa what
ever, begiaabic with Ua cm.
rest tiaue. men resent fr
37rL. lnclodln baakl -.
plaUlng Iht Ticcaly i'awual
40 Exchanje Place New York te I '.
"iJiSJ
ATLANTIC ICE & COAL CORPORATION
FIRST MORTGAGE TWEMTY-YEAR G BONDS :
Dated Jonuory 1, 1010 Duo JnnnarylJ93(J -
Interest January and July
Authorized $3,500,000 Outstanding $2,497,000 .''
J'rom official information furnished u tea nmmarli' a, followH
Secured by ilrat mortgage on entire property of Company,
conservatively valued at over $0,000,000.
1 The Company genres a total population of 850,009 In ,
Jacksonville, Atlanta, Augusta, Chattanooga and adjacent -,
dues. It holds contracts for refrigeration of the Georgia '
peach crop and practically nil citrus fruits and vegetables
shipped by rail from Florida.
For the Ave years since the Company's incorporation j
earnings have avcraared over four time Interest chanrcs on ''i
bonds outstanding. 1
These bonds are followed by stock having present market
value of approximately $3,100,000 and receiving 6 dividends.
A Sinking .Fund la provided sufficient to retire over 50 of v.-
tho bonda before maturity, by which 5375,000 bonds have .,
already been retired. v t
PRICE, 100 and Interest, to net G
Intsrest paid without deduction of Normal Federal Income Tai
CHAS. C. HARRISON. JR.. & CO. 1
BANKERS
FIFTH AND CHESTNUT STREETS PHILADELPHIA
Members Nr York and 1'hlUiIolpbU Stock rxcbane .
SENkcA COPPER
Adjoining Ahmeck and Mohawk
'In tho Michisan Copper District
Operating Under Lewisohn Management
Dealt in on New York and Boston Markets
V, J
Circular and map on raautU
James O'Brien & Co. Frank J. Smith &Co
35-37 Broad St. SO Congress St
New York Boston, Mass.
Bbown Brothers' &G&
Fowrni and Cmzmuvr Smsxm
PHILADELPHIA
ftana ytiala)H '"UB tFWmmmmmf t-lSmna ,11 11 ...I i.t ii '. ,. sawsasssaes , t lumvS ' '"" "" ' ' '"""' '" "tw nfl HTT i?q7i imfl iiawmMiifjim mn mnyl t - , . . ; .... - """" M
''iMaaaaW 1 'W If ffJaftMaW-lli t ' - :ffi
SU . 4
Sej-f