tr
ICViSKIKd LEDQEIHPHILADBLPHIA,
THURSDAY,
DECEMBER 28, 1016
ww you Wrm aSij kg8
gsBW.TORK. ! . trtmim iWeiriU.
DtM wir, with, .tener it?r
OClll( S?fr,UA.,5
tlliit. 8484 e . ITroaH nllll
barely site, .iHorajra alrenrtr and
fftjrtTnittr .ptclM mtmf. astfiwtei r--r
(It at. ilHswb -Other grades un-
S
Granulated Stignr Lower
KfcrW irblfjd Ceo. J. Soon after the
ew!Hf today all refiner dropped their
bjftftagletta on fine granulated sugar. The
FMr$! I now quoting S.tOo and Mil other
relator slate, a decline of 10 points.
FINANCIAL. NEWS
' - ii - - - - - v - - - " '
MARKET OF SEE-SAW CHARACTER
THROUGHOUT THE DAY'S TRADING
mm-i
Mummi
"f
wi
v
321 Chestnut Street
Philadelphia
Public Utility
Securities
Wo specialize in the securl
tics of well-cstnblisrlcd PubJ
lie Utility Companion, nnd
will on request submit a list
of Rood investments of this
typo, ykldlnj from C9 to
over V7e income.
Edward B.Smith 8c Co
' CTtLiiniD IBM.
BANKERS ,
Htmbrra Saw York and
Pftdaile'eAfa Block Exchamjtt
1411 CutiTMirr St.
30 Ptss HI1IIT
Fiiiu norma
Nir Yoaar
&'
Ray Hercules
Makes Strides
Tha Ilnr Ilercnles
p- blocked oul or reafrtra u(
ncrr than 10,000,000 lout
in.1 upoa ttu completion
of Itio new mill now l,nlM.
lac, It la climated ttilt It
tiould I able In nr.-hiie
o a a 1 1 j vo.oan.noo
ponoJe of rapper. Writ
for oar detailed anal)tliel
report.
Ak for 127-T. TJ.
JONES & BAKER
STOC It BHOKRIIS
Wiihner BIdg., Philadelphia
IUII. Walont 1OTO-I.
Krxatonr. llace 2200.
Netr York lloaton
Chicago IHlUtturab
Tax Free in Penna.
WE OWN AND OFFER
Lehigh Valley Coal
' Isr s. f. s.
Due January, 1933 j
A. B. Leach & Co
115 South Fourth Street
Veil Ptione Lombard 2J7
New Tors Chlcaco Dufrale
poaton IVendon, En. . Ilalllraore
iioldeiis or thc ratsT jioutoaoi:
I DONDS, DUE lpiO. OK TIIK
Schuylkill Haven Gas
and Water Company
an rebooted to esmamnleata with
Northern Trust Company
Sixth and Spring Garden-
1-HJLADKI.rilIA
WANTED
A TIIpBOUOHLY nKLIAIII. K
BOMIl rl A I. E S 11 A N WITH
BOVEM AIlIMTYi A GOOD Of.
. POBTUNITX rOB THE RIOHT
MAN, a 7SJ, LKlXJEll CENTRAL.
WBKCTOBY OP ACCOUNTAXTM
CartlflaJ l'oblla Atcouotaota
rjlWBENCB B. BHOWN Jk CO.
nit Rtur. IcaTATB tut uuildino
,,.-T-. .. -,. ..... III . i i n S . .. mw. . -- .,
SCRX3 A BPEAK1UN
TUB UOUilBB
WILLIAM E. UOKTE HUB
Z CUESTNUT ST. f
mvinBNDs
OrFIOK OF
HAIIX180N UttOS.' CO.. INC
MM tlar'a Tanr IU4
1tw Bord or CIrifcUra ha tbla day dtalutd
t 4uUir aiwrttr) dlrldrad o( 14 (S1.1S utr
r 1
ja4 t Ia els u( 6ume January S3U,
Wf
kA9hil en tJLm PraarrftJ UtcMsk of lulj. immnu
ajnsM icprwr 4. ii w iocKBoiara or
WILX.IAU JRICHTJUl.
rrnaurar.
tiH A
ra
I'KOrOSALS
EJ(T OF Til K COHOMCIt WILl
M KXltt Jl&d MQ lid examined
bt eo . 9 pd 3 o'ciofk. A jl til J
tftiiirtrfi
aVwlA Csrcar'a CKTtca asd can
ttMm-' Aav KtAA II aruf a A'flnal
SBrnTt Kiit4 4 wu t mmT rf tuh!
-eiKPfift
WILU
UdU
cxamtni
ttt.
!!(.
ANM4L J5M5CT10.VS
a
fSAKhUK ATlON.Uv HAh'K.
I ILU1U1 OltHll.
It-tilT bHMttr If. 110.
IB XUT MUan WW D Bt
ftitiujar
rit
lp
HrlWiltm
Nearly AIL Important Issues Fall in Morning and Re
cover in Afternoon Sharp Break in Atlantic,
Gulf and -West Indies
r
NEW YOtlK , Dec. 28.
The stock market today wan of a hccshw cliarnctor, tvllh nenrly nil the Jm
portnnt Imum roIiit down In the morning and comlnjr, back In thn afternoon.
The offorlnga of dtocltn, however, enme almont wholly from tlio iirofcsnlonnl
apectilatlva element n tlio door and the docllnos, which woro extensive In many
laaua, reaectd only th dlflponltlon t tho disposition of the opcratorn committed
Ihsum, reflected nnly tho illnponltlon of tho operators committed to the bear ntdo
to hMnmcr Rtockn without regard to Intrinsic valuo or market conditions.
Dceauso of tho rullnn of the English commllleo In regard to tho Mcrcanttlo
Jlnrlno tonnnga nnd tho changing of tho transatlantic routes theo traders sold
down Atlantic, Gulf nnd West Indies, wholly Independent of English supervision,
to 112j, making It show n lota of more than 10 points.
It wna natural that this stock should havd a sharp recovery ns soon as tho
bear attacks ceased, During tho fotcnoon tho International situation was dls
ctttsod on tho Block Exchnngo floor and In Wall street generally In such a manner '
an to Indicate a belief tlint n rupture with Germany must bo closo nt hand, but
this discussion did not Induce much selling of long stocks.
Tho traders sold until thoy wcro tired and their efforts were, exhausted nfter
they forced the prlco of United States fltccl down to 10H4. At tho snmo tlmo
Marina preferred was tinder pronounced prcsstiro anil dccllnod tnoro thnn 1 point
to 84?4. with many of tho specialties falling from 5 to 8 points. The situation was
radically chnngbd after midday. Then tho dei-olopmenls which had been regnrdod
with uncnslncB1) In tho foronoon wcro nccoptcd ns bullish factors instead and
thcro was n general buying bnck of nonrly nil tho Issues which had sold at low
lovcln early In tho day.
It was not long boforo Marina proforrod .wan up o 88. Unllpd Btntos Steel
common rallied to nbovo 106 and similar upturns were noted nil through the list,
although somo of tho recent Industrial promotions failed to respond to this rally
ing tendency, Tho weakness In tho motor stocks was accompanied by reports of
uncertainty ns to tho malntcnanco of dividend payments at tho present established
rates. Ono of tho widest movements In specialties was In Texas Company, which
dropped from 222 to 216, followed by n rnlly to 223.
Bonds wcro heavy. With convritlble Issues tho most ptomlnont. There wcro
largo dealings, In some cases blocks of $100,000, In Chill Copper "s, which sold
down to 124V4- Foreign bonds wcro firmer, Anglo-Krench Ks rallying to 93 on
fairly largo dealings.
STOCKS ARE LOWER ON THE CURB;
NO SIGN OF SPECIAL WEAKNESS
... in 1 !' " nilU
New York Stock Sates
TIM, ltlltl. tH.
AemeTr-a (5214 00 f0
AUmiO Xf H 11!, 10'f
AHlt-CMMttpt B8' Mil 81
Am At Chonpf 103 lvaifVfiH
Am iiecl Bitjir ...DO BOVj 87H
Am un 47!i
Am car ft Far.. .
Am IlldrtA I, pf. ..
Ant led SceurtUw ..
Am Llswed.. .. ..,
Am I.lnsced pf . .
Am Locomotlre . . .
Am Emett ft fief. ..
Am Stigir Iteflnlnr.
AmTfl A Tel
Am WooIn
Am Wr rater pf. ..
Am i!T. ft 8
Aniranda C M
47U
niH
32U
77Jf
WK
02
(12
31 M
I0K
r,2
70
P m.
m
II
lolj't
87M
na
C2
31 M
ion
'(I
nn
. 03
. 32!
. 11,
fOUf It't 102H IU2D
.100J( 100 lOlt 103H
.125 13-Vf 12l I24)
, 4l!j U i:t n
. -IS'4 4il -It
3M nM 37 37
82.' i Wl Wt R2U
AIOCI1im Oil ,. 08 70 70 70
AtehTonAHF 101'f 10tW 1(H lot
Ati-h A T 8 ft I" pf 100! 00U Uf)H lO.Df
All Otilf ft V 1 120!f I2I 113 114
DaMIiOcd Wkj..,. 09 iSJi (!) Mil
Halt A Ohio 8IH M'i Hl( 80i
ii ait unn di ,-m
nolhlchcm Steel pf 1.1 J
riurnl Ilms,. ,. &?
Ilutts A Superior 4r
Cal rctfoloum j., 2.j
CaI Petroleum pf. ....... COW
Cenlr.tl leather HMi
Chandler Xlor 101
ChM A Ohio iMi
Col nai & niec ;i) ;
Chi Mil A8t V UtU
Chi It I A Pac, 35
ChltoCopjwr 2-l
Chlno Copper r,l
Col KuelA Iron........ .1lf
New York Ijond Sates ,
it Mnnn Amur rAt oil K
8ISWXI Analo-rraneh 8a.,..
lliqe
UMrtRf Amor
ifton Am Pur
ITiMXW Amer Hmelt See fl
juiw Anwr ic m
Ide J.
ppp t
IKHW Armour la 4'.1 ,
JIHW Atrniaon i
tilth. Iw.
1 Kl . 12.-)
ins.
Vlj I'tS
uiia
iH8
A.7....U. ......... .... Am
jHirV.' rttiiiwuii " I . ..... j- .
OWN Allan to unq mi va. i.:
tvtwi ViAlt A Ohio :i ... ii.iS
iiwvni tin tm lnoH
JS..', j. .. uU 1PJ
liiwo do ov 44 ".'.'. .'. '..'.Ash 3'
L'OOT Detn Hteel lt B l3.. JM.
Vfin
3(K
ace
t m
A7
Jin.
U1i
lOAVi
IH
l)3!l
II4-.
,t)4U
3(lji uo tw. imi ......
Muml C'dt lslnyr tat fit
uovi n lU.li. . . 11 7
..UOtVl
IWffll mi ubh isira o. . . . WfTl
aimil rant I'ac 1at ( tiVfa
giW fanl It ft N J fil l
OToiitW Chill CeVPer I ...... IT
riMhi rhM & iHiln ry 4Um.. SI
. Vin
114
(viei ' tnnfi
ion
iiti.
Htttnt ifefl 1a
HaMltltl All MM1 A.
llVt i fit rs in in i"ii
rw. IB .(.. ..
17
133
. os1
Compt T Rec Co.
Coiuolidaled uai ..
Corn ProcluctJ Itcf.
Cnirlbla Hteel
Crueltb Steel pf . '
Cuhi L'ano Hugar, .
niitfll fee Corp'n :io'
Kile 314
Krlo lit pr -I'j'i
Oenersl Klectrlc lf)7
Ooodtlch I) K 00
(tranby Conwl U.1
Great Northern pf 1 18
(I N eh for orn pro;i.... 30-j
NEW YOniv. Dec. 28.
Lower nrlcon were n.-corded in mnny Issues on tho IJnmd Htrcet Curb during
tho day, but there was no Indication of special weakness nnd tho declines Wcro -J
duo more to lack of spcculatlvo Interest than to nny developments nffcctlng tho' 1
valuo of tho various Issuc3. Mldvalo Steel Indicated tho goneral character of
tho market, opening strong at nbovo 01 and then declining to below C8. At that
lovel supporting orders appeared nnd a good part of tho early loss was recov
ered. This movemont came In tho fnco of tho general belief that tho iiloclc
will bo put on a 12 por cent dividend buskiMn January C.
War-order slocks wero Influenced to somo extent by tho disposition to icgnrd
tho cossatlon of hostilities an approuchlng closer with every diplomatic move.
Thero was little trading In Submarine or lu tho other war-order ntockn and ho
movements of those Issues wero to materially lower figures, with Submarine
dropping from 20 to 2S anil Wright-Martin Aircraft falling from 141 to 13.
OH Bloeks acted In tho samo manner, Sinclair nnd Itoynl IJulch both falling
2 points In tho forenoon. Wyoming Petroleum wns exceptionally strong, how
overt about 10,000 shares being traded In nt 2 to 2'J. Mining stocks ranged lower
during tho greater part of the day. with Ccrro do I'nsco traded In nt 30 to 35
and Magma nt 40 to 39
IMHJHTUIAl.M
Did.
Y. r!oe.
Aakril. (Sale)
414
Aetna Kxploslve 8 .
Amer-Ilrlt Mfg P '"
Amer Marconi 3 SV4
Cnnndlan Car Co 35 15
Can Car A Kdy pref . ... 03 7
Charcoal Iron t'A 1 'A
Chovrolot Motors 0 130
Cramp Shipbuilding . . . . 7 00
Curtlss Aeroplane 33 sn
Emerson PlionognipU .. o'H lJ4
Uaekell A Barker Car . . to Vt
Hondeo Mfg 33( 37'
Kathodlon Ilroiuo pfd . . 3
Laurel Oil & Oas O'i -
Maxim Munitions 3 14 4
Mldvalo Stefl Va
New York Shipbuilding. 44 A 45
North Amer Pn Hi V
Otis Elevator " ns
Peerless Motors '7 l
Poole Eng 0
S S Kreago w I ..11 -
Stand Motors . B'.i nV4
Steel Alloys 14 7
Submarine -s "
Trnnsuo-WIIMama 40 4.1
Triangle Film J'A J
Todd Shipyards
United Alloy Steel 41) so
ir S Steamship "'
United Motors 45 4&i
U S Light and Heat com 1U t
U S Light and Heat pref. 3
World Film . JJ
WrlBlit-Marttn Aircraft. IS I4V
IIAILKOADK
Ilock Island com .41 43
T,vlr Tulnnd A Href SO HI
Ilock Island 11 pref 7.1 7
Western Pacific w 1 ...... St S3
Weatcrn Pacific pref ... . 4 4S
Wabash PlttaburKb 31 33
Wabaah'PlttaburBh pref.. 63 85
BTANIIAIin OH, HTOOIC8
llllnola 30 335 330-
Ohio 'J0
rralrle Pin .-.337 . ..
Standard Oil California. 303 307 303
Standard Oil New Jeraey.7no 70S
Standard Oil New York. too 373
7Vi
!)',,
0l4
414
SKi
It
7
20V4
ay,
40
43
00
OTIIKIl OIL
HTOOKK
Aakrd.
I1M
Durnett Oil A Oas 314
Cosden O & (I lt"K.
Kcdornl Oil MS.
later Petrol to
Houston Oil Si)
Mcrrltt Oil lSH
Midwest lief 0
Royal Dutch OS1)!
Seauoyah t
Bapulpa ltcllnlng OK
Sinclair '
JHMNll STOCKS
Alnska Standard .30
Atlanta ". 0
Illg Ledge 3W
lllabco Copper (a prosp.) "i
Uutto Copper nnd Zinc. loll.
Butte New York Hi
Ccrro do Pasco 35
Consolidated Arliona ... Ill
ICmma Conaol 1 Vt
First Nntlor.nl SU
Florence (loldfleld 30
5
7y
IV.
13
Golrtfleld Merger ....
Hecla Mining .
Howe Sound .
Indcnendonco Lead . .
Jim Uutlor H3
Jumbo Extension 37
Kewauns IS
McKlnley Darragh 50
Magma Copper 30
MIiicb Co of America.. 3
Nevada Wonder Hi
Nlplsalng , 0"
Itay Hercules 6
Kan Toy 15
St Joseph Lead 176
Tonopah Extension , . . . 8Ji
Weat End Con on
White Oak 4tf
1IONDS
Amer Tel A Tel new Bs, OOW
French Munlo 6s 09i
Russian 6i 0
Sinclair Oil 6s lit
3
14
0
10V4
31
13
S3
on
Ol'i
0014
33
10
394
Ik
11W.
3
30
1
114
54
35
7
8
8
10
85
SO
30
A3
41
v
3V
0V4
494
17
18,
4
73
8'
ploae.
(Hale)
14H
OM
31
13!4
13-10
on
03
10
3!i
13.10
11
30
IV
194
394
....13.
. .10.V
. . rH
.. 11
...121
- n7.
(liilf Stale Steel
Illlnoh Crnir.il
Insp Con Cop
Int ARrlrullur.il pf. .
Int llarr NJ . .
Int Con Cor nc- sh.
Int Con Corp'n pf. ..
Int Paper
Int Paper pf
Int Nick v t cf,
Int Mcr Marino
Int Mer Marino pf. ..
Jewel Tea
Knn City Southern..
Kelly flptlne Tiro....
Kennccott Cop Sh...
(.act Sleel Co
Uke Kile ft W pf. . .
Leo Rubber Tiro
Lehlch Valloy
-L-x50-Wlki llUcutt. ..
Maiell Motor,
Mai Moton lt pf. ..
Mai Motor, 2l pf. ..
Mcx Petroleum
Miami Copper
Mo I'ac w I
Mhuourl Pacific
Mo Pac tr cfs
Montana Power
Nat I.am A S Co. . .
Nor Con Cop
New York Air Drake.
Now York Central...
N YN1I AH
North American
Northern Pacific
Ohio Cities 103
Ontario Fllvcr Mln 0)(
PacWcMall 20J,'
Pero Marquette w I
Pcnn Railroad U',i
Peoplo'i (las Chi 107
lilts Coal c of dp 4I)H
rullmanCo 102
Ry Steel Sp; .11
Ray Con Cop ''(!
Itcadtnu 10-t
W
13.,
a-
AT,
21
Mi
81)t
100
II.",! J
3J);
DIM
3tl(
aijf
:2ii
n
47
133W 131"i 131)1
03H 60li mK
n:ih ii.vj una lii'iit
rilJi W)i ! 49
30), If 20i
3H lUlf 34J1-
m -lull 4ou
107 107
r.si now
8-)4 mn
II7)i H7U
30 30
121 121
f-
137
8Sf
40
'Jl
M
MJI
100
iWi
Wl
Oil,
3llf
(
VW),
r.
17
71)4
wa
K-,
l.!f
21
r.iti
Kl!
itn
nsu
30h
0IW
3 m
23(i
tr.
1
in;
ri)
sow
1I7'C
30) i
131
101
r,i
-n
121
mi
IH'f 471
103
r,r,
ti
121
tou
7I)J
1PI
10.
All
11
121
io) ;
71!i
to
IW Sxn ili-b fa l03t.1nll 1i."(
ziMO" :til Pn 8ta 4H1....loo( lnoH
JtWOO thl II Jolnt 4a . 09. ns.
tpwi rhle iH tvAe r...103 I11314
20i( fill Mil A Bt I' 4 lU'-'ft H 05. .
05 .
MHI rtO rM IHK '!?
ilo rv 4H lwoti
Chi II I A 1 rM 4 .. Tl
Z0O0 Cut In-1'J'lrlal r....., 77'i
jomi (l t. Houth lat 4a 01
JTiwo City of fori" H I"!
IW)( Con lliin conv () ...123
loom) Ciilmn Am Suitar Oa,.il!t
sonii i'unirifil 1-1 R'...!!.H'..
IfWi Del A llu.l conv ..;.. 10ll
liioo rto rM 1 ....... 0't
JmnHi tm A 11 (I rM fin.. . . .nJ
loOsi l)ii Pont PoJr I hi. tot
HA"' liTiti conv I. ncr.i... "?
HI
.unit
111.1
. 2.V4
nntv
. II2U
M
iterb Met 414 73J4
itwr It T ret, n . . . liSV
itr Mr Mar ! 11 IH
Jiiiwo tin eonv 4 8er U
linn) ilo prior 4a .....
IIIKKI do xrti In . ...
,1WJi Ornnby Co Da .
J01M ilo atn ,0a
lixm lttt.1 A .linn In Ba. .,
IIM111 do rM 3'
ItXKI til StMtl il.h 4Ua..
r.lioo III CVnlml 5a lu.3
Whki Interli M
rric.lO Inter
,nnn .....
U1".' ,itir ..,., .-in. ... .... ".p
Iikkci Japnti'M 4'., .1 78H
iimmi ilo ni-w dun. . 714
.WOO Kan City So l.l 3a ., m
tlixw ICan Clly T,M,t 4a,, 81
Kairn) Ijicko Hlrel r. inao. . HT.,
ITofxi Lake Shoro em 354 s. H(V'4
nny) ilo '!! la 10.11 li.'U
10hl lyli Vol eon 4'4 tuns
I lino Mi A M T 5,. 1112 (4
HiflO Aa 7a I-'"
lirtno I)iil ft uNa'i 4... ..Ii7v
V.iooo Mex ret Co fi. Ber C.io;
1H00U ii l'ae w 1 48 n
l.'nuii d,i na mil
r.rtori Montana Powrr 5...
711
imi'l
n"i
lin jito
aSH 25)4
niU ftiili
P2 P2JJ
72 72,
UN'l tlHjl
IM I 04H
14 '4
ffi, nns
a ss
117 117..
li.-.J. B.1'4
IimiH InoS
102Si 102(4
l'."l ISO
my, o7
OTU nitt
ll1. llllllA
mi': nnai
noli mif.
r.ooo Mont Tram Ba t)0 U014 nil),
11)011 N V C 1, H 3i4 77h 7lS 774,
20(K .V V A II 814 -? sj.H .fjfv
!inn) 1I1 il Jlty 1UJ, 111 J,
(1000
;nnon
In 4a
ill) 4'4
I03H lOTf 102)1 103f
-I2tt- -HI,- 11
2.VX 23 2-,
R7I,- RU h7
77 7fiMI 7MJ
25,'i 2S)i 2GW
01 M)Si C0J4
45)4 AV.i -1UW
blH 8UX 81
com my, mi
211 2!) 2J
SO 7t)Js 70!j
2.1 V.VI SI
w -iiji -r.
70 C-,j. 0
31 32 3 '
111 001( 1)1 If
30 37Ji 37fi
31 ,TI 33
V,H I'M 1&!1
10); io)fio)t
lWIti 1U.IH IO-I 1D3
.. S85J 28lf 27.'i 27
. 2 Of 'JUi 23 23)1
,.MS)f 1-PJ'i M'l 140
..10UX HUM 103' 103J
.. :.:iu Ri fil fit?;
. 71li 00W 00.',' (i'Jif
-no), no 100;; 100;,'
103 10.1 103
0),' fl'f- II) i
20 ID), 20
38 37 3
ij 60) J 60','
103J4 lO'.H lO'.lj
3i)Ji 37). 37 M
102 102 1(12
0 10 10
21),' 2.5' 2.-.JJ
lt)3)X 101"' 102
42
24
my,
78
'.'(iV,
01),
l.'.Ii
8'.)i
fi2!,'
30
80
24
17) J
70! (
33W
!).',
30
3l'f
17!
17
loud N v :nr. Ilia
ii'iniV
WWO N Y Oia II A P 4a.
lenii n y llwy afll n . . .
100O N V Btnto lta I48 .
1-niHl N Y Tel Ben P4 8...
IimiH N Y W r A II 414"..
illKlil Notf A Vat 4a ....
nmm North f'nr prior 4a. ,
inooi) lira ft W It A N 4a. .
8IM11 Pieiflc Tel Aa .....
11)00 Pieiflc Una 8a ......
,1000 IVnni 414 a 1021
r.Oon Peo I: I'att In 4a. ..
loon IMhlln Berv N.J Ba. ,
locum Iteaillnx Ken 4a ....
r,ooo Itep I A II r.a
ROOD HI LIMA Ho 4a..
IlinO ilo tltllf 4ah
11M) Ht 1, A K njt 0a. ..
moon .In In 8a
.It.Vio -to la Her A
r.miio ,in r,a Ber n
jnoil H A Line nJI Ba . . .
.mmki ilo srn la
Ss'r SHS $
lit -la I'lin niiTi
inil. nil
.103 103
. R.I . S3
. 4hij aaVi
.. 87,T
. I'S I'O'.i
. 75 7.1
. U.V4 1IBW
. IK'J II IH
ln.i
Hi
JHli
?8fc
o.
. llll?l llHlVi llMlli
. 024 nvi Xfii
.iniTj inn, .10114
II2W 2i
!IV, II.IH
iin !
HI
Mltb
?.3.4
70
N5J4
sl?
ll.VH) South Pne ret t V Ba.ln.lji
hoon tin no ,a !-:,
looo South Uwy ctn 4a..
2(H)o ilo con Ba
70IHI Term Aaan St I. Ba.
40IIO tin I'uel Ha
2(iiii II H tloit .1
Ullino tr H lli'iilty Ba
iriiHii, t) H lluMier Ha
43011(1 II H Hteel a t Ba . . .
l!onnn Union Piic lat la .
noun (n Itwva ll-F 4a . .
.Iinon Un K of U II A I Ba.
H4
hnt4
If'
'n;
K.1
nn
s.inooo
tbnHi
do r,V4 1010
ilo ova a in. i
III
1113
HI
100
101
III
1II2'4
103
08V4
a2
OH
IIH14
OHS'IOIIS
7511
.1112
. .",
ion
.1111
. n.-
.ticH
.ion
. iRi
. 374
IIHl!
. . nt4,
& ati
n3Jj inaU
nn
V2U
7ili,4
r.4
n-
nn1
limn Va One (Them lat Ba. 1)11
liooii -Wnt-P T lat ct 4a ... IS
IIHKMI do lai ct f p 4a 3IU
.limn IVcat Illerirlc Ba ...102
loon Wcat Unlcn His ... 1)7
O'.l
3li
102
07
7l'l
11)2
K.1
100
Hit
m
11127a
IIHl
08
-ins
t.
IIHVi
IIS
1)11
IS.
31.
1112
07
SOU
07
00
111
7Ti
8
10
83
28
20
ftl
41M
oy
494
15
1794
31.
00
454
004
07
00
IIS
Financial Briefs
Banks gained 112,544.000 front tho :ew
York Subtreaaury yesterday, making n net
caah gain of i;3,'400.OO0 since Friday.
Freas n. Snyder and Harrys!. Haas were
today elected vice president-V.t the Unit
National Rank of Philadelphia, effective
January 1, 19tt. .
The New Tork Cotton KxcJiapge member,
ahlp held by the estate of L. a. Kohlffer has
been purchased by W.' S. Elnateln for JIT.
BOO. This prlco Is unchanged from the laat
previous sale.
MUIb Receive pluch Cotton Seed
WASHINGTON, Pie. 21. The Bureau of
Census reported today cotton seed received
at mills. August 1 to Ootober 3. amounted
to Z.237.J33 tons; crushed, Aurust 1 to
October SI, 1,082,598 torn; on hand. Octo
ber 21, 1.S27.71I tons. Cotton seed prod
ucts produced. August 1 to October 31,
wars: Oil. 319,250,235 pounds; refined oil,
194,371,178 pounds; cako and meal, 513,
421 tons; hulls. 261433 tons; llnters, 270,
750 bales: hull liber. 64,212 bales; motes,
grabbots and sweepings, 5J6 bales.
Wheat Steady In Liverpool
LIVKHPQOU Dee. S8. Spot wheat was
steady today, with No, 1 Duluth quoted at
17a 7d, an advance, of Id ; Darll 17s Id. up
Hd; No. 1 northern Manitoba, 18a Id nod
No. 3 northern Manitoba Us. a gala of Id,
Corn was firm, with American mlxatl ii.il
higher at 13s lOd, white Plat showed a
gain of Id at 13a id. Flour was quoted
at 58a.
X r,al.
2a eMatii
3 loiwi
4 rezlattr
GOVERNMENT BQtfDS
M
cJ 18S4
4a toapoa I3i
la(8i
jrad 1930 V. ,. tU
be ?.m
Panama Se rctatMd UU- M
Paaama la riftrd IMl 11
French RatttW High'
PAKIS. Pec 28 Three par cent
ntt fraiK' n ., iv u , . f
AalnJ
111
reatts
100
Cotton Buyers nnd Sellers
NKW YORK, Dec, 28, January Downs,
Sehlll and Rountree bought J Wilson, Rosen
berg, Newman, Bartlett, Cone and II. Hub.
bard sold,
March Hcntz. Rosenberg, Hyman,
O'Connor, Rountree and II. Hubbard
bought; McKnany, W, Gumoena, Olrford,
Orvls, Oeran, Oeer nnd Carpenter sold.
May Clearman, Rosenberg, Ttetsensteln,
Oerun. Mitchell and Leeier bought; New.
man, C. Hicks, Wenman, Sallar, Lowensteln,
W. (lumoons, Qlftord, McEnany and Hop
kins sold.
July Young, Rlaclc, H. Hubbard. Dur
nett and Lehman bought; Schley, Wenman,
Oeran, Hagedorn sold. .
October Smith, Hyman, McKnany. W(l,
son and Hartcorn bought ; Wlggin, Wilton,
Kelffer and Newman sold.
Republic Iron A S 78' I 78 75?
Republic I AS pf 10-11,' HHf 101?f
hiiaixurn Air Lino . . .
Shat Ariz Cop........
Sloss-ShatS A I
South IJotlo It Sub Pf-
Southern Paclllc
Southern Ry
St I, ASK wt
StudebaUr Co
Teias Co
tobacco TroUucts
ToISt U A Woit
Tol St L A West pf . . .
United Clear Sioros. ..
Union llac A Paper...,
Union Has A P new...
Union Pacific
US C I PA F
US Ind Alcohol
UN Realty A Imp....
US Rubber
USSR A M
U S Steel Corp'n
175 i
. 28
. 0,l
.12D
- U7"X
. 32' i
. 204
.looji ion
.llf 222
17
27!f
OJM
m
1)7),'
32X
-:,
70),'
iikd;
10U 10)
20JJ 205.
01 01
110 113
07 or
:r."a 3.)i
M 20
lOOi 11)04
217 22i
07)1 07)4 554 67
IW-i 11 10 10
21 21 18 18
00)5 0.)ij II!)1 i O'.Hi
..12 12 12 12
. UU'f 05 01J,' U5
..1-W US'i 110 M8H
.. 22 22 2IJ,' 22
.111-. 112 1074 101)
.. 28 'Jili 27) '27U
.. 03 O-'lf 01) 01 li
.. 05f 05) OJH fflH
..1071, PI. )a ItllH 103
U 8 Steel Corp'n pf 1 10J,' 120 1 1UH 120
Utah Cbppcr
Utah Securities
Valron Coal & C...
Wabash
Wabash pf A
Wabash pf II
Wells Kargo Hip......
West F. AM
Western Maryland. .. .
West Maryland pf. ..l
Willys Overland
W A LEw I
White Motors..
..1U2H PJ-j
... 23)5 23
. . At) Ml
.. 10 15H
... 57lf 57
... .TOJf 30
..142 Ml
.. 6f.l 50
.. 28
.. -I-
-. 37),'
.. 22J
18)f
28
4)i
37f
j2)f
4,'JW
0)
23
61
15
fiOJf
30
in
M
27i
43H
31W
.2-'li
40
WooUorth F W 133 130JX 13J
j;,'
23
5)
15lf
50)f
31
14 1
27H
via
37
2i)
4!))j
130
YeatrrUa'a
CloM9.
R.4HWH 47
N. -H1CR. 17
M.BIWK.Bll
h.lUCN.III
N.7teil.72
8.7N0N.7II
H.N,6H.h.1
N.t)ll,,h.til
Adams Drys Renew Fight on Saloons
atiTTYSDURQ. Pa.. Dec. 28 Adams
County's temperance people will make an
other fight before the license court when It
convenes 07 January 12 to keep closed the
two placea here that were refused li
censes a. year ago. The two places ara
tho Washington House, and the" Carlisle
Street Cafe, both of which have again
made application for license.
2 American Diplomats Sail on Oscar II
NEW YORK. Dec 28 Tha Scandina-
vtan-Amerlcan liner Oacar It bore two
.American diplomatic attaches when ahe left
pera louuy un ntsr rcyuru iny iu wupn
bagen. James (I Bailey, secretary of the
American Embaaay in 1'etrograd, and Olen
Steward, second secretary at Vleana, ware
both returning to their posts.
AHlea Lose Eight Planes In Day
11URLIN. nee. 28AJlied loaaaa n' an
active day's aerial operations on the .west
(runt were eight aerpplaftes," today's oflloLal
tatKBit declared. The report detailed
(wnporary strong Are In Isolated sections
of the Flanders frgnt and In the Somme
bend.
Germans Beat Back Russian Attack
BBRLJN, Deo. 28. Husslan ratdlna; da
tastunenla tt4ptd to jjenttra-te Oerraan
treeties w the ttaatern front, but were r-
t Har VfIJCe s(a tooay.
NEW YORK COFFEE MARKET
Today's
openlnr.
Ilecamber ,.
January
Kt'bruary
March -H-CO
April
May M.7U08.8I)
Jun jLvf":
Jnlv K liOOK.UJ
Ausvat J.----J S.B3H.tiil
Hrptembor D.ul 60.03 li.nuwu.ni
Oftol.er 0.03 H.tl.ieu.uil
lllil,
FOOP EXPORTS nEAVY
Blir Increase In November Over Same
Month In 1016
MONEY LENDING RATES
Ni;V YOKK, Dea 28. Call money open
cd today tit 3 per cent for lending and
rcnowlng. Later tho rate sagged to 24 per
cent.'
Tho mnrkot for tlmo money Is dull and
easy, unchanged from Wednesday's figures.
Collateral loans on Stock Kxchange securi
ties aro quoted nt 4 per cent for all dates
from 60 days to six months. On nil In
dustrlnls tha-iate la 4406 per cent.
Prime bank acceptances are unchanged
nt 3', 4l( 2 a; per cent nn eligible and 4
ft3'4 per cent on Incllglbles. Prlmo mer
cnnlllo pnpor Is Blow and nominally rules
at 44,4 per cent.
PIIII,Al)i:i,PIII. Call, 5 per cent.rime,
ItiflS Per cent. Commercial paper, three
to six months, 4(ffB per cent.
LONDON Money on call was 44 per
cent today, unchanged. Tho rato of dls
count In the open market for both short
and three months bills was 5!jy54 per
cent, unchanged.
WASHINGTON, Dec 28 Exports of
breadatuffs totaled 145.838,549 In 'Novem
ber, against 330,492.523 In November. 1915,
the Department of Commerco announced to
day. Meat and dairy produot exports
totaled 1:5,513,770. against 318.210,669 a
year ago. Wheat exports totaled !7,
297)222, against 115,033,309 In November
a year ago. Flour exports totaled 37,977,
379, against 36,780,550 a year ago,
During- the eleven months ended with
November, breadstuff exports totaled
J4O4.26O.490, against 3477.433.7.90 for the
corresponding period In' 1915. Meat and
dairy products totaled, 3246,673,258, against
(226,008,538 a year ago. Wheat exports
during the period totaled 109.745.773,
against 1268,695.823 a year ago Flour ex
ports totaled 876.695,412. against 185.201,
168 a year ago.
Extra Dividend of $33.33 Per Share
NEW YORK. Deo. 28. Directors of
Welts, Fargo & Co. declared a regular semi
annual dividend of 13 and an extra dividend
of (33-33 per share, both payable Jan
uary 20. Books close January 8. The com
pany 'announced that It hftS definitely re
tired from the banking business in which
it has been engaged for mapy years. Its
condition on June 30, 19.16, showed a sur
plus of (19.195,883. Jt owned In Invest
ment seuuritk'4 on that dale 124. 677.064
and Its Income from Investment securities
during tba preceding seven years was 8.
913.974. or nearly (1.000.080 In excess of
the sum required for paymat te extra
ilvtdend.
T
Sugar Futures Steady
NEW YORK, Pec, 28 A little Wan street
eovertne in December and January caused
a very steady openlug In sugar futures and
first blda were unchanged, to an advance,
of 6 points, with a fair amount ojt business
done on the call. Sentiment oa, the floor
of the Bxchanaef wan a Utile more set
tled, due to a firmer tone, la ot Cuban rawa
aid to the fact that loaf rHar were
ag4a showing a buying lJ'-
' FOREIGN EXCHANGE
NEW YORK. Dec. 28. The market for
foreign exchange In the early deullngs to
day was extremely dull nnd tho tone was.
In the main, heavy. Russian exchange.
Vienna and Italian exchango wero a shade
lower. RelchPninrks nominally held at
Wednesday's final figure. The market was
uninteresting.
Quotations follow:
Demand sterling 4.75U. cables 4.76 7-16;
sixty-day bills nominally 4.71 ; ninety-day
bills 4.69.
Franc cables C.83a. checks 5.849a.
Relchsmark cables 721. checks 7294,
Lire cables 0.88 'A, checks 6.89 U.
Swiss cables G.03, checks 6.05.
Kroner cableu 29.60, checks 29.40.
Peseta cables 21,20, checks 21.
Oullder cables 40?,, checks 40 13-16..
Vienna cables 11.90, checks 11.88,
llubla cables 30.32, checks 30,25,
The gold Importation resulted In a gain
of 1-16 In demand sterling.
In tho mldafternoon thero was an ad
vance of 10 to IS points In Italian exchange
to 6.87 for cables and 6.874 for checks.
Vienna declined about 0 points to 11.82 for
checks apd 11.84 for cables.
Long sterling was quoted at 4;71Ufor
60-day bills and 4.69H for 90-day bills.
BANK CLEARINGS
Danlc cltarlnga today compared with cerre
aponJIna day laat two rears:
1010. 1913. 101, .
rhlla. ..,.,.137.723,800 110.818.083 t22.8l7.S40
llgaton ..... .lU.M'O.tlW 2l),H28,lllU 20,004,210
New York .,807.703.0211 483,e1.444 283,CS3,S44
Chicago .... b0.708.uiui 80,373,814
Reserve Banks' Discount Rates
Over SO Over CO
up to 00. up o 60.
4
10 or
Itee.
Ilo, ten 3
rJaw York .... 3
I'htUrtalptala
Cleveland
Kicnroonq ....
Atlanta ,
nicsio. ...... 2"
4u
.::&
enroona
Hhti-..
St. lul . .... 3
Mlnn.apona ..
Kaneaa City..
uanaa .......
San yranclaeo. 3
Asrlcul.
Over 90.
Iloatpn jj
New York... .. a,,
Philadelphia. .. ti
Cleveland .... 8
llkbwond .... 4V4
Atlanta 4
Chicago 8.,
at !.niila 414
lllnntapolt .- f
Kaneaa City... 6
Datlaa ...-- JW
Ban Franelaca. 814
nt
Over 10
UP (O 80.
4
t
t
h
814
1
4
4
i
4
4
4
Trade acceptance,. Corn
Up to CO, Up to 00. roodtty.
la - J3 4h
& , h h
5)4 !5 ;
' U fa 3
Up to thirty days; over thirty to slaty, 4 per
rati sixty io nioeiy. n v waa, mr iiiaair.
tier cent.
SPECIAL DIVIDENDS
NEW YORK. Dec. 28. American Malt
Corporation, quarterly dividend of tl a
share on tha preferred etockgaajja.be Feb
ruary 3 to stock of record JaHv 17- The
rate recently has been 50 ccnBHuartfrty.
YOUNOSTOWN. O- Dee. Hi The Ohio
Leather Company has declared a 59 per cent
oomroon stock dividend, payable to sleek of
record January 3). l
BALTIMORE. Dee. 28 Monongahela
Valley Traction Gjnipany has declared) the
regular quarterly dividend of 1 per bent
uu common Ho, payable January 15, and
a atoi'U dividend of 4 por cent on xm
mun, payable to etotik of record January 6 ;
auw Hi per cent oa preferred stpok, pay.
a)Seftriiary I.
TRADING LIGHT IH PHILADELPHIA
JPRICES ARE GENERALLY ALL LOWER
Movements In the Majority of Gases Over a Narrow
Range Street Looks for Expansion in Cramp Ship
building, With Increase in Capitalization
will succeed Mr. Drove, as he has been
wdrktng shoulder to shoulder with Mr
drove and known the conditions of tha
properly nnd the hualnexa,
. ." wrs, "?'"'?? out tod h on '"ho It
Interested In the company's RtTalrs thai
new Interests hnve acquired majority hold.
Ings of the company's stock. These Inter,
ests stand for a general development and
expansion of the property This, It was
snld, will Involve new financing, The
capitalisation of the company Is now about
(6,000,000, nnd It waa said that thtj may
be booated to nearly (20,000,000.
Among the local Issues Phlladelnhl
Ilnpld Transit trut certificates ware the
most active. The price was below the close
of yesterday all through tha day At onS
tlmo It showed a tots of mora than a
point, but late In tho day there a
rally which brought It to within a half 0f
the flnat price of la it night Philadelphia
Electric came next, and It. too, wis a
trlflo under. The directors of the cmipanr
met today, and nfter tho meeting
announced that the business wn routine
It wa another quiet day on the Phila
delphia 8tock Exchange. While the nl
tendance In the commission house, wn8
fairly large, ytt there was a general dis
position .not to maker nny new commitments.
Consequently the dealings on Change were
ngaln on a small scale. There were very
few wide changes In prices throughout the
list and tho movements were In nearly
all cases to lower levels. The stocks that
did move over n wide rnngo were nrbltrdge
stocki, such ns Steel common and Heading.
Tho former was weak nil through the ses
sion, being down n full 3 points nt ono
time, wlillo Heading lost more thnn n point.
Chnngc3 In the management of William
Cramp A Sons Ship and Engine Building
Company, which ore brought about by tho
resignations of Directors F. L. Heine nnd
Albert Strauss and tho announcement of
the retirement of President Henry S. Grove,
wero discussed In tha Street. The Street
has known for some tlmo that there was
something pending In tho affairs of the
company. The general Impression In tho
Street Is that Vlco President II. W. Hand
Sales in Philadelphia
8
60
I
411
ais
13
30
100
16
1880
100
110
180
120
300
321
200
10
1318
0070
80
100
820
60
100
378
7800
10
100
Ex
(400
1000
2000
2000
0000
1000
2000
1000
10000
3000
6000
3000
2000
400
Itlah,
Am Oas ..120
Am Loco.. 78
do pf . ..101
Cam St.. 135
Eleo Stor. t1
Erie ...... 35
Kcnno Cop 4394
Key T Co li4
do pf ... 07
Lk Sup C. lOJi
Leh Nav. . 85
Lch Valley 80
Loh Vnl Tr 2214
Nov Cons, J3J4
Norf A W.135
I'cnna It It SOT
Pa Salt M. 0(1
Phlla Co,. 42K.
Phtln Etec 83
PITT tr cfs S3
Rending... 10371
So Rwy .
Ton Bel .
Ton Mln.
Un Trno .
U Q I ..
II H Steel
West Elec,
33
4 "4
014
47
0114
.107
80 li
83
T.OW.
130
78
Kit
13411
864
33
43J1
1414
07
18W
83
70
2314
2314
13414
BtVXi
00
421(,
3314
3094
10304
32
454
fl
4014
01
io ty,
coy
83
W Crnmp
dividend.
Itlah. Low.
A GAE1 Cs 08 00
Kciult III G
6s 10814 10014
Ho El Os.10.1 103
Int Itys 43 SO SO
Leh N cons
414s ...102"i 102
do Coat Es.lOSiJi 103 i
Leh V gen
4s 0014 00
Pa Co gen
414s ...10314 10314
Pa A Md
Steel 6s. 10714 10714
Ph Elec Cs.100'4 100V4
Read gn 4s 0314 0514
Span-Am I
6s 10114 101,14
Un Rwys t
c 4o ... 721. 72
Welsbnch
Co Cs.. . 00,--' 00
Close.
110
78
101
12414
flfltt
33
431.
114
87
IU
85
704
2214
2314
13414
8614
06
4274
33 8i
31"4
loss;
33
44
014
4014.
0114
105K,
BOH
83
Cloeo,
00
1ooi4
108
SO
10314
103&
00 .
10214
10714
10014
031i
10114
736
so
Net
chae.
'U
4T4
HI,
1h
214
14
14
Vj
14
Ii
COTTON ADVANCES
ON FOREIGN BUYING
False Report of New German
Note la n Sustaining
Influence
14
1W
'U
'ii
114
"54
'
2
14
14
Net
Chan.
14
V
"v.
in
w
14
NEW YORK. Dec. 28. Firmness was dls.
played nt the opening of the Cotton Ex.
change, with prlcen 7 to 20 points higher.
Jnntiary showed tho largest gain due to
what nas believed to bo an attempt to
cover by Liverpool.
Room traders, uptown Interests and south
ern houses were buyers and the supply
camt from Wall street and commission men,
with Liverpool a seller of the late months.
The market became more active soon after
tho opening. Early realizing sales were
readily absorbed and prlcen advanced rap
Idly on covering nnd broadening demand
from commission houso nources.
Stop orders wero uncovered and March
sold up to 18a late In the morning, while
May touched 18.29c or about 38 to 41
points net higher nnd (9 per bale above the
low level .of last week.
Tho market then appeared to hesitate
and there wero reactions of 7 to 8 points,
but tho undortono was very steady and
tho more cheerful view of the political news
seemed to Increase the effect on sentiment
on bullish spot advices and Improving tradt
reports.
January
March .
May ...
July ...
October
Spot ...
Tea. Cloae. Open. High. Loir. Cloee,
17,87 17.03 17.1)0 17.03
..17.20
.17,1111
. I7.sn
17.73 18.00 ,17.311" 17.30
S.00 JH.2'1 -17,81 17.RH
..17.03 17.08 18.30 17.113
..lo.il 10.4U 1U.BI) iti.i:
l7.ni
1C..I2
10.83
Liverpool Cotton
LIVEnrOOL. Dec. 28. Cotton futures"
were quiet with active months 22 points
net higher. Sales totnled 5000 bales, In
cluding 4700 American. March-April 10.53d,
May-June 10.66d, July-August 10.67, October-November
10. Old.
BAR SILVER
7.ondon (paneeL....
New York (cental...
Ijt
Today Yeaterday Thure.
,. 88t4.. 3W 30 11.18
... 7S!a 78S 7614
Income Tax
This Company will attend to all the details of
V your Income Tax Return for a reasonable fee.
Commercial Trust Company
'
i City Hall Square
... SERVICE
"Give all we can for what we get Instead
of getting all we can for what we give."
EIGHTH NATIONAL BANK
OF PHILADELPHIA
SECOND STREET AHD GIRARD AVENUE
At the., Clots ol puslness December 2lt 19)6
CAPITAL $275,000,00
, SURPLUS AND UNDIVIDED PROFITS.. . 1,103,588.58
WILLIAM J. MONTGOMERY, President
SAMUEL BE1.L, Jr., Vice PresWeat
CHARLES B, COOKE, Cubic?
JOHN D. ADAIR, At. Casiiit
r
. v.4t
' m
ym
V
ff
r