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EVENINO I,EDdEIlPHlLADELPHIA, THURSDAY, NOVEMBER 1, 1917
'f
lit ILLY, BROCK 4 CO.
,i BANKERS
' SHORT TBF4.M
! - RAILROAD
laf; AND
EL PUBLIC utility
SST ISSUES
f ," DUE H18 Ar4D 19l
i TO-.NET FROM 6'i TO 7.65
M'
'
DETAILED OFFERINGS
ON REQUEST
SOS CHESTNUT STRCET
Fiiu.ADEixniA
Public Utility Bonds
- Short Term Notes
to yield from
514 to over 7fc
Circulars on request
Bonbright & Company
, MORRIS WISTAU BTROUD. Jr.
437 Chestnut St., Philadelphia
JCaw Tork
LeQdoi,
Bolton
Pari.
O.trolt
Chicago
Federal War
Revenue Bill
Wo have prepared, in booklet
form, a summary of the Federal
War Revenue bill, includinR
tables of the- Income Tax, show
ing exemptions arid amounts
persons will be obliged to pay
the Oovernmont.
Tnc subject of excess profits
is reviewed, with practical ex
amples showing how the amounts
arc romnutpd.
Ask for Booklet L-10
A. B. Leach & Co.
Inrorporntetl
115 South Fourth Street
Pennsylvania Railroad
A careful analysis of this prop
erty, treating the subject from
the viewpoint of the stockholder,
hns Just been prepared for our
clients.
A few extra copies are available
for fre distribution Ask for cir
cular No. 21 1
MOODY'S INVESTORS SERVICE
John Moody. Prea.
KS Nmihu St. Tel. 3173-4 Oort.
New Tork.
dividends
Till: NORTHERN NATION XI, HANK
Philadelphia. Oct i, 1017
Tn. Dlrcclota have thle day declared u rem!
annual dividend of live per rent (54), payabl
Jsuvember l 1017. to atoi kholders of record ut
the Cosa of buslnc.a October 31, 1017.
Cheiks will be mailed.
II. E bCIIUKIILEIl
ti ,. Cashier
TIIK 1'IHI.ADFI.lIllA NVriONW, II IMC
K-ll.kO.lpnU. October SI. :t)17
The Dlreitnra i.io thla dn deilnrrd a divi
dend of h.lillit I'er Cent (8) tor the last alx
'jnoilla. piiiiiple November t to stockholder, of
recnitl at the rlos r.f btialneaa thla date.
Check, will be mailed.
HORACE rORTBHCt'B. Caahler.
UNI0VNATIONAL 11 INK
Philadelphia. Novrmtiir 1. 1017.
The Director, huve thla day declared the seinl
annual dividend of 4 per rent I44), also an
ttru d'vldcnd of 1 per cent (Hi), payable on
demand, free of i&x.
Checks mallttU
LOCI8 N SPIELIIEROER,
Caahler.
-iiiiillill iTfnitilllhllJ'1 liiiuilliliFTv.
a ll?oL X 11
iov l I
5i mP , l HI IIUl
rHfllallK. .- till rV
.How Many Oil Stocks
Do You Know :
lis
!H
That la, could you name
three Independent oil stocks
traded In on the New York
Curb, about which you
have the vital facts both
as to resources and future
possibilities?
18
OIL STOCKS
and what they
are doing
outlined In a new booklet enti
tled "FOPUliAH OILS." cover
ins the development of the
Mid'
leader, of tb. Wyoming-,
Continent and other great oil
fields their production, earn-
in... mrigrnui. nuu line.
rang. tor nine month, of 1017.
ffatrtaf tar aTsoMcf HSJ-T.U.
JONES ft BAKER
STOCK BKOKRKM '
Kr-f rMaMplait
Kelt. Vfalnut 100 1.
Iveyaione J lace th,
w Yark Moatoa
Cklraso I'ltt.bnrclt
Dfrtl iVJUflle '(rr.
ill III I " i
OSI.S tiAXHK,
9141., PMuMtklQ, f,
j. we i
FINANCIAL NEWS-NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATIONS
SHARP BREAKS OCCUR IN NEW YORK
MARKET AS LIQUIDATION GROWS
Uneasiness Over Italian Reverses and Nervous
ness on Disquieting Rumors Cause Heavy
Selling Railroad Issues Are Irregular
High Points in Today's Financial News
Stock values crumbtcd on Xcw York Exchange due to heavy liquidation.
Curb builnrtt was dull, with prices lower. Grain and cotton declined. Foreign
exchange business teas light. The Central National Hank declared an extra divi
dend o 2 per cent In addition to the regular semiannual of H per cent, and added
SS50.000 to the surplus, making that fund $,1,r,o0,000. liar silver nas loner In Xcw
York and London.
NEW YORK. Nov 1.
The market continued unsettled and nervous all throuRh the duy's tradiup,
with liquidation in Incrensed volum.fi as u result of the many disquieting icports
circulated yesterday and because of Increased uncaslneos mer the Italian ie
crscs. The declines, which had nheady occurred, had weakened many specula
tive nccounts, forrlnp; liquidation In lame volume and nt the same time nervous
holdeis were hurried sellers of loiiB-stock. helplnp; atom; a genet nl downward
movement.
United States Steel was traded in Iiiiro blocks and dropped more than 6 points
to below 94. Ilcthlehem Steel "H" sold down more than 2 points, and manv
of the other steel industrials recorded losses langlni; from 2 to 4 points.
Marine preferred was persistently bouRht by some strttiR Interests and
showed a better rallying tendency than anything else on the list, movhiR up to
103, after u decline to 99, but was aRnlu her.ty In the later tiadhiR and lost
part of Its advance
Kallroad stocks were iireRUlai, with 1'ennsjhanla belliiiR down to the new
low rccoid uf A7, and New York Central nlso made a new low leu.td. selling
below 69. St Paul lallled after selling at 43.
In the course of the day United States Steel common quickly p.tsed Us
previous low of the year. 99, made on l'ebruni 1. The liquidation Included main
stocks outside of the Industrials, including such stocks af tleneral Klectrlc, Mex
ican Petroleum and Itrooklyn Rapid Transit. The United States Steel statement,
which wns Issued on Tuesday, continued to eei t uu unfavoinble Influence on the
Industrial stocks, and by some the market was .designated as one luled by war
and tai.es.
The bond market was unsettled b the liquidation In blocks, and ne.irlj all
the sales were made at some umount of concessions. United States Liberty 31-jS,
which were traded in on a large scale, bold nt 99.82 to 99 76, but later rallied to
above 99.80. Anglo-Fiench 5s declined to 91.
Local Bid and Asked
Toda
Amrrknn Store,
llrlll (J ) .
Hurt L HllKfi I r
do preferred
llaldnln .
Klectrlr Storage
tlvnural Aaphnlt
do prefernd
Ke)stono Telephone
do t r
t.nke Huierlor Corp. .
I.ihluh .Valgatluii
l'ennavhanla
1'hlla I.lettrle
Phlln I'otnpany
do il pi r rent iref
l'hlla Itap Tran t c
lteaillnir . .
Innopah Hi-lmont
Tonopnh Mining .
Union Traction
United Una Imnt
Unllid Hlatea Steel.
York Hullwio .
ilo refi rred
Wm anp & Sona
Hid.
as
tJ
Al.
.14
IH
till
Yeatertlay
Itld
1.'
Ah!;
34
lb
4K r.ll 48 ."It
.". r.-.'Si :,ii mm,
."II ."I Ml .'iO'-j
111 IN 17 111
,-,n :. r7 r.ii
io n in? it
in hi in nt
Hi, u tJ' li
:,- ;r. cr, :,h
niji 4
J", L'"l'4 J". I'll
in :io so .ii
.it ,iu .it an
.M. L'l J4, L'".
mi u7 i,S "it
a'. t 4H 4'
r, v, '. n;.
SIlW 4(1 411 41li
lilt 7ll 71Ji 7ti
na. nt loiiVii 1m)4
II
111
in
a-,
"it
Money-lending hates
NI2M YORK. Monej on call opened at
4 per cent; high, 4 per cent; low, 4 per
cent; last. 4 iter cent; closed, 4 per cent,
ruling rate. 4 per cent.
The money market was ery quiet todaj,
about the only business done was at E31
per cent for tilnetj days on Industrials.
Prime bank acceptances Mile slow and
nominal at E and I per cent on Inellgl
bles, and 3S and 3 per cent on cllglbles
Mercantile paper Is Inactive at o'ilfS per
cent for the highest quallt .
I'llll. Wii:M'lll Call, u percent; time
G54 per cent. Commercial paper, three
to four months, ttt5,2 per cent; six
months. 5'(rTB4 percent
4.7C,V
nltiet-
FOREIGN EXCHANGE
NI3W YOrtK, Nov 1 The foreign el
change market was extremely dull In the
emlv dealings toda), the only appreciable
changes being declines In francs and lire.
Otherwlie there was little of note. Quota
tions wore-
Demand sterling 4 76 ff cables
Sixty-day bills nominally 4 71 ;
day bills. 4 6'JVj.
Franc cables 0 73: cheiks 5 77
I.lie cables 7 94: checks 7 flr.'a
.Swiss cables 4. CO . checks 4 S.'.
Guilder cables 45' , checks 4C'4
Pesetas cables 23. CO, checks 2J.30.
Ituble cables " : checks 13..
Stockholm cables 42 'a ; checks 42 'J
Chrlstlania cables 25i ; chec't3 3S'..
Otpenhagen cables 3fi, checks 3J'
The above figures shovv Italian exchange
falrl ftead) and francs about 2 centimes
under Wednesday's closing figures.
Pesetas are a shade under the best tates
of Wednesday, but Scandanavians ranged
close to the highest of the movement.
New York Bond Sales
HlKll
SllClj
1
II t
H7'.
SJ
III)1.
ST,
fit
SI
v
HL
7 If,
77.
!'.
7ll'j
ll"i
7U'j
Til".
I'-'ft'lO Alloali Vull. 4
limn Amir Akt 0i
477.".iill Anglo-Krem h 5
17IHIU Amir For Sec ,'ii
.l(iiii) Amr Smelt i ltef Si
ll'IIID Amer Tel ell l
IMIOII do -,,
ltioi) Alrhlxon ceil 4i
-' Kalt & Ohio .".a
24."i(ll) do Ah
45IIIIO llordeaux IN
JUOI) Can tloit r,a 111,11
-M t'ent 1 . .Ml t In r 1M r,H
t'hea & Ohio it 4L.F
."IIIIU do cM ."a
2IK10O Chi II & 1 joint 4n ,
.'"HO do III 314 a
lillKMI C M I St I.cl .",
KKIUII do 111 4. a
MMMI Lhl It I A l" rfd 4?
1MI0I) do 5
31111(1 Col t Soulh 14 a
niniMI Clt of Paris IN
.1'iimii con jMB , ,t iiH
JillllKI Cerro de l"a,o (la
UiiMI Den i. Hlo lr 4a
.1(1(10 )N Se. ur Corp fii
KMMI Krle nt 4a .Ser A
30(111 do it 4a Ser 11
4000 do ivt 4a Sir U
.ilIOOII Freni h Ilepuli .',Va a
1000 III Steel deb 4'.
looon III C.ntral 4, m:,!
loooo Inter!) Met 44V
I..11UO Inter M,r VI, r.
IiDiiii Tapnntxe 4Vsa
11101)11 I.nrkn stel r.a 1011
-! 'vnl'ill H.h."r'i d,".b 4" "US hi
;i'00() l.lll lloilll 31. n)
inm III! Jd 4N
31000 I.sona lis
4J0t)0 .Vlaraelllea (,s
loon Met Tel ",.
."(100 Minn A St I. 4h
2IHNI Met Wear of CM .".i
loo-oo Mo Pur em la
11 on Nun ()ri x 4 11 ,1
.-..Dim n y c t ii 0,
-OIK) do 4
lr.tmn N V lltj 4't a ton-.
S.'OOl do 44a Nn ll)-,7
.100(1 N- Y N II A 11 ,r,'L
J!'" l-or I'ai ten 3a 1,0
41)011 Ore Short I, 4a hV,
-'000 I'm llle T. 1 .". M 'f
HOOO Pinna uen it 4Vj lif 4
" Kendlnir een 4s ,-l
11)011 Hep Ir 4 H T,h p!,lj
7000 St I. I m & s Ken -,a 1 '
-Ml'la M,I',i " ' Jt '-''a
-'O(M) do III .41
l.)MH)i do ber A ',i
1(011 St Iula bun .'.a . llj
1000 San A & Aran I' lat 4a 1,1
1 I'm.!! f Vi?jr.'i A '' "" 4J
JOIMI South Pai i 4a . 7114
an
Low
H'14
!-,'.
IU4
1)4 3
S7
S.'
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7t4
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714
774
in 4
704
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744
H44
7114
7i. 'a
SS SS
1004 100
04'v 1014
ir,4
ir.4
7(14
II
II
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ir.4
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117
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41
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71)4
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104 4
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7(14
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744
IH4
NEW YORK STOCK SALES
') 1 u
oilT
A3
l7
It
(10
H1H4
D).Hi (Hi ?1 1111 an
mi liai 1IHI
i)4
N74
.'.-.4
3114
ml
711
101
lot
3sooi do
looi) do rM 4a
3f!!!!U Hnv"' y en 4
10110 do .
Kiiax) f s Rubber ",a
.",4000 r s St. el S K r,s
3000 I'nlon I'nc 1st 4a
tmoo do rfd 4s
14IHH) r K of QIU I n,
4070011 .in r.4a mis
ItliMHI do 14a HUH
17".ll0O do "Ija neu lulu
1S000 ,1 31 Kiji"
.-(ion V 1 Car Clim l.s
Oiiimi Weat Union "s
i.oi
J
704
101)4
11114
7H4
1IN1,
IIII4
H44
Ilx4
li
1)74
111
S74
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101
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114
is.".
117
BANK CLEAUINGS
Hank clearlnga today compared with (orre
.ponding day laat two eara-
1017 lOltt 101R
Philadelphia J(12.H.,1.474 fit nN).S4l J42.1O-I40
New York (I1H.77H 702 707.!4H SJll rNI.87r(.a73
llalttmore 7.2ft,bl7 8.00S.11.14
lloaton R7 1(13,11911 72.441. (INJ aa,U7'J .'44
Chicago HK.aal.NUA H I.S1J..-.MI
St liula 2il.7SII,20H 2().l(ni).15(!
Bank of England Statement
LONDON, Nov. 1. The vveekli bank state
ment of the Bank of England shows Total
leserve 32,074,000, decrease 306,000; cir
culation 42,401,000, Increase 702,000;
bullion 76,025.000, Increase 486,000. Other
securities 92.813,000, increase 2,178,000;
other deposits 122,366,000, decrease 1,878,
000; public deposits 43,843,000, Increase
3,788,000; Government securities 59,043,
000, Increase 78,000. The proportion of
the bank's reserve to liabilities Is now 19.30
per cent, against 19.70 per cent last week,
and compared with a decline from 23 per
cent to 22.40 per cent in this week last
year. Clearings through the London banks
for, the week were 377,150,000, against
364,970.000 latt week, and 113,080,000 In
this week last ear. '
vfcT
roil. tootd.t jSW-T.y. J .
LOCAL MINING STOCKS
TONOPAH STOCKS
Jim Rutler
MacNamara
Midway
Mlipah Extenalon
Montana ..,.
North Star
ReacueEuU
Weat End ................
UOLDFIELD STOCKS
Atlanta. ,
uiu null -...,,-.,
Iiooth tt-i.';"""'""
Dlamonfl.ld 11 .. .......
Dalay
Kairana. ,.....,...,,
HandVtorm 'Kendali
mivcr fv ;
MISCELLANEOUS
Arizona United ...., ...
N"v.d Wonder
Tecopa jiihiii - ,.u
CLOSING LIVE STOCK PRICES
CHICAGO. Nov 1 HOaS Receipt. HI 000
head, tomorrow. 1B.OOO bead Market 30Ojo
hlaher than yeaterday-a average Hulk, $111 .10
tftT JO. I'ht.. jlSijSwlLSO. mined tin Juv
IT 3111 heavy JlOiVit 10. rough. iloOlB.jio.
CATTLE Racelpt.. H.uoo Uad Market
'miEEI'1 Jtecelota, 14 000 liead Market
atrong to 10c higher Jmb. 117 2J ""
HOVTJl MAHA.- ..NoX.. I "OOS Receipt.,
KiO head. Market 1'Se blaher
CATTi-B.-r.nfpvV '" ntaa. Market
eadri latfSIc higher
t4KEP BetelBt". JJ.000 bend Market
Hid A.k
.70 .Ml
.20 ,-,
.o .11
.0(1 ,OH
I ..17
,o4 . . ii
.8 ;72
;s
.1 .01
.04 ,)1
s-:
.OK 10
. ie
'ii u
13 .13
I
.20 .1.1
.!' "V-
. ..I",ll, ."'?" ':"-,,O00, tiinnnireil mKI, SI .
003 jesienhui thus far this k. t!Q,oti.dS&,
ajtne period liat vieek, lo,7T.(M)0r
RAILROAD EARNINGS
I'EN.NSVI.VAXIV blSTE.VI
1017
IIIkIi
Adv Huiuely pref. S1V4
AJaK nubber 3
Alaska Gold Mines S4
Alaska Juneau ... 3V4
Allls-Chalmers Co 10(4
Am Ileet Sugar ... 7t'4
Am Can
Am Car & Vdy Co 03
Am Jut Corp .. 4'i
Am Jce Sec . tO'Vi
Am Hide &. l.ta. 13
do pref .
Am Linseed
do pref .
Am Locomotive
do pref . .
Am Malt .
do pref . .
Am Smelting
do pref ... .
Am Sum Tob
Am Steel 1M
Am Sugar
Am Tel t: Tel
AH) Tobacco
Am Wool,
All! Wilt Papei pf il'.
Am Zinc &. Lead 13U
Anaconda
Atchison
do pref
At Coast Line
At Gulf L V. I
do pref . . .
Italdtvlu Loio Co
Ualllmote &. Ohio
do pief . .
llarrett Co
Ileth Steel .
llatopllas Mining
Itethlehem Steel
Petit Steel H
do iiref I c .
tltooklvn llap Tr
KuriiH tiros
lltitte .t Sui) Cop
Ctl Pett oleum
do pref
Canadian Pailflc
Cal Packing Co ,
Central Lcathet .
do pref . .
Cerro de Tabio . .
Chandler Motors.
Chesa & Ohio. ..
Chic Gtc.tt West
do ptef .
Chi M & St P
do ptcf
Chicago & North.
Chic It I & Pac.
do I, i c pf t c .
do 7 p c pf t c .
Chill Copper
Chlno Con Copper
Col Kuel & Iron. . .
I'ol Gas .t KIci' . .
Consul Gas
Cont Can
Coin Ptoduits
do ptef
fillilble Steel
Cuba Cane Sugar
do pref
Del - Hudson.
1) L .v. "
Denver & KG ptef
Dome Mines . .
Dlstlllcts Seem
llrle .
do 1st ptif
do 2d )ilif
Haskell A llarl.ei
Gabton Williams
General Klectrlc
Genetal Motors.
do ptef
Goodilch 11 V
lir.inbj .Mlnlnu
tit Northern pf
do Ore subs
Greene Can Cop
Gulf States Steel
Illinois Central .
Inr-plr Copper .
lntetb-i 011s Cotp
do pief
lnt Ilarv of N .1
lnt .Viet Matlne
do jiief
Inter Puiei
lnt Nickel
Kansas Cltv
do pref . . .
Kelly Spi Inglleld
Kenneiott Coppei
Lai It Steel .
Lake Krle & W .
Lehigh Valley
I.ow
21V
S1H
3
314
Il
;oa
no
34 tj
1014
1'J
All
2l'a
r.r.
50
1)7
114
AD
!
Net
Cloae the,
21V4 VI
S1V4 V4
3
SV4
1TH !.
10M, 1
:i3y, :iy.
no 3V4
S4i 1
10V4 3V4
IS Oi
a 4
3l(, I'd
A0 Hi
30 S
117 V
11 V
so in
;sy aw
lOIIRfc lOOVa IDO1)! '8
. Al
A3
I Oil
1134,
1SJ
IT-
so'S.
00a
HI)
nn"i
IIH
Aa
A
A3
111
llj
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1K
77 Vi
14
1),
411 -"i
103
IK '4
IS'4
3.1
134-Vl
:i7"i4
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10014
S1H
II A
4KI,
20'a
10
K7V4
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1K,
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111)
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III)
Hi
lA4
4(l's
21'.
ll'j
A
H7V4
HK
llH'i
III
All 4
r,(4
a 1
Ml
DO
70
1'a
71!
'(,
ll"'a
17".
1011
11
31
iaiV4
:mi4
144,
B2H Hi
AA Ha
Oil n.
lli'i 'U
17AU 4"i
40', l"i
31 U 1V
U4 4
AB 4(i
K7V4
88 1V4
08 lTi
01 1
A0V4 ',4
A 1 Vn 2
Al 3U
GO t
00 i'U
70 J
I'd -
7(1 3
7SU l"i
0Ai4 l'
1714 3
Illi'U -r '4
18 I
in; ls
33 34
133 Vs 1
30T T
M4 14.
100V4 100V4 V
37 a
III
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31
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UK
H7'.i
744,
37--)
70
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on
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. . 31 '4
in
South I A
. . . IKr,N
4c;
73V4
in
314.
ni'A
42
2 !
l.l
Hit
Oil
174
12
A I
ll"a
38 VI
31
.Win
83 '4
81
211
8114
A 6
3.
7!)
BV4
10C)4 lUHl
34 11
7'i 7'4
:u4
I3'a
3.1
17 4
,;i
30V4
I if
Kl
71
37
UK's,
04 4
3J4
37 t
HI
07 a
40'',
314i
113 Hi
411 6Vi
7
2 1) "4 '!!i
43V4 S'4
Hll H4
0(1 2V4
IK I'd
4 J 4 V4
51 J
11 v.
30 I
.1 1 3 V4
.11 Vi
HIVa i
HI II
2HIU 1
80 4 U
A A'4
211 lVfc
70 4i
')T '
1111 4 -4
1.1 Vi
V 'a
"llVi lai
ll'a 1
2.1
17 V4 V4
31
3!) '4 !
1.27 1
81n - "i
74
37 I
,IK(H 1
D4'4 2V4
St '4 IVa
37 la 5h
81 II Vi
Ta
41)14 -'
do pref
Net
High low Cloae chg
lltVi HIM H'W l"
Utah Copper 80& TB 78 2
Va Cor Client 20 28 28 H4
do pref. ODAt OOiJi 0074 U
Wabash 8?(, HVi V4 V4
do pref A I0J4 30J4 30V4 Hi
do pref 11 21 2014 20Vt 4
West Maryland... 144 It 14 I
West Union Tel.. 84T. 84 VI 84V4 ",4
Wcstlnghouso Mfg. 40I4 D SO1), 3
Woolworth U54 11A lis 1
do pref. 110 110 110 Vi
Worth V & M.... 28' 28 28 Vi
do pref B sivt si 81 1
Wheel & L U. ... 10V4 0V1 9'4 '4
do ctfs 20 20 20 I
Wilson Co 4A 43 43 SV4
White Motors 3A 331. 3814 3Va
Wlllis-Overlnnd. . 10 17 Hid 1
do pref. 80 V4 8014 80',4 1V4
Intnl antes. 1,370.300 almrea, rompnred with
l.lOl.fiOO ahnrra jrsterduit thus far tills eek,
.1.82I.7IK) aharesi anme period lust week, 1,481,
100 ahurra.
'enna n II . 4 per crni,
Minmi rmi m . ilaaton-
William, li Sup Steel lat pref , 1. burns Ilros ,
ill nnel 1 in stock
!: dividend Pe:
TobN Producla 14 ,
Sales in Philadelphia
Net
Lee Kubber A. The 15
45 '4
IOITs
25 V4
T.
301 4
24 d
II
47 V4
12
31
71
10
34 1 4
1A
1
-'U
4,
47',
10 2
35 V
07'!
3I4
24 4, Hi
II I
4714 !V4
13 H4
3 1 I "4
74 2Vi
10
31 PS.
15
Llg S. M T Co pf.lOlTa 1017a 101 !a
Louis S. Nash
JIackav Cos . ,
Manhattan LI
Max Motor
do Ut pref ,
do 2d pref ,
Me Petrol ..
do pref
. tio;
. 71
100
iB
. Ol't
. 18
. 81
00
Miami Con Copper 38
M S P &. S St M. 85 ',4
Mldvale ... 3V4
Missouri Paclllc . 2AV4
do ctfs 41
Nut Con Cable.. 23
Mont Power 'fii
Mont Ward pref.. 10114
Nat Acme 28
Nat Lnamel & Stp 30T.
Nat Lead
Nevada Con Cop
44
17 Vd
11514
74
100
37
58
1714
77
00
83 Vh
4114
23
43
21
li'ii
101
27Td
33
44
10V4
115a, 114
74
114
1
.ltd
114
3
4
214
' ' la
114
Hi
2
Increase
.JCH
te
ataady.
f
UK aULYEft
Llnea I iat Sintember
nneratlng revenue . 1 10 r.21 712
tOperatlntt evpeiiBea J1. 0117,301
Hallway oner In me 7.454.4H
Nine month, operating
reenue JJ47 741. 122
tuperatlng expense. ll)il son 4(12
Hallivuv oper Inroma C0.H50 (l',U
Llnea Weat September
noeratlnir revenue J1 4a ."2 2m)
Operating expenaea ll.Vii 0411
Hallway oper Income J.UOJ JJi
Nine months' operating
revenue . I11P 017.H2D
tOperatlng expenaea 117,8110 7hs
nallin oper Iniome 2J.M37 tiso
Lines Kaat and Weat
September operating
revenue . $44,071 t)I)T
tOperatlng expenaea 34 S17.3,".t
Hallnaj oper Income 10,338,042
Nine montha' operating
revenue . . (17.18,8',1
tTotal oper expenaea 294, 7.11, 202
Hallway oper. Income 10,35(1, U4J
Decreaae.
lincludlnc railway tax arcruala, etc
PENNSYLVANIA IlAILHOAD
September operating rev
enue 122.008,820 13 020 261
Net operating revenue A, 017, 443 3r, )
Net Income .... 4.273 (180 M31.005
Nine months from September 80:
Operating revenue .111)1.013.1(11 120 020,880
Net operating revenue 44,MHVtt! 4, 417, 1)37
Net Income 31,724,841 7,050.001
PENNSYLVANIA COMPANY
September operating
revenue .... .. 17 11)0.352
Net operating revenue 457.(Htit
Net Income 1)83,4(17
Nine month.' operating
revenue l3R.r,H7.COJ
Net operating rovenue 8, .1(10,03(1
Net Income .1.1 01), 500
4 72.'. 074
4.312.H15
413,330
128 ltl.-.7R
i 1 iiso.ain
A 577.8S5
R14 B12
1 ('.(11.4411
828.510
110 174,1)40
lil.ni4.0Ktl
H.330. 187
jr. nnn oor
5 870. 0(14
415.150
11R 280,428
50.203,450
11.017.022
N Y Air Urako.,.105 100
N Y Central 70",4 88
N Y N H & II 20 2314
N Y Ont A Webt 10V4 10
Norf & West ... 101 Vi 101
Northern Pacific . Oi 80
Nova Scotia Steel 70
30
414
82
2414
48fd
43
1314
37 V4
201.
60
2314
56
41fi
80
.12
1239,440
64,040
324,088
tl. 821.810
11(17,41)7
4. 1108.810
l'lTTSUUROH. CINCINNATI, CHICAGO AND
ST. LOUIS IlAILHOAD
September oper. rev... 16.106,830 510,506
Net operating revenue 1,41)8.780 -Jli.lm
Net Income 39(147 4U5.548
N.ne montha' oper. rev. 54,824.750 7,008,015
Net .oper. rev.,.,,. 13,nil2,7t)3 808.0(11
Net Income , 4,030,075 148,735
HALTIMORH AND OHIO
September grots 110.(181.071
Net , 8,440.504
Nina montha' gross.... 08,041.588
Net 24.030.702
Decrease.
tlncludlng railway tax accrual., etc.
11,219.202
187.011)
0,48(1,2X3
'028.804
Extra by National Refining Company
CLEVELAND. Nov. 1. Directors of the
National Refining Company have declared
the regular dividend c-f 114 per cent on
common stock and an extra of 2Vi per cent,
both payable November 15, to record ot
November 1 This Is at the annual rate
of 15 er cent, such as has been paid In
19)7 so far
Central National Pays 2 I'er Cent Extra
The Central National Dank today de
clared a semiannual dividend of 8 per cent
and an extra dividend of 3 per cent out ot
the last six months' profit, free of tax.
payable on demand, and has carried
ij,u ir-sHn unwivneeai proms 10 evkjhus.
31td
70
30
7314
97
65V4
6td
1AV4
2V4
10
10 v
70V4
34 Mi
4V4
83
2H4
4714
42 V4
1414
37 Vi
20
60
3214
B5V4
42
78
31V4
63
110
120
67V4
21
66V4
36
70
6?4
03
0
15V4
30V4
10
18V4
100
27'h
57 V4
I7V4
78
00
i .
84
ll4
21
I1V4
21
7214
101
27 3
33 2
41 Id
10V4 I'd
100 II
08 V4 3V4
34 1
19 114
101 3
8014 3V4
76V4 1V4
3114 H4
414 Vi
83
24V4 Vi
4814 H4
42V4 V4
14 Vi Hi
37 ..
20 I
60 i
22 1
60 V4
42 2
78 I
3H4 1'4
A3 1
110 2
130 1
37 1V4
21 V.
0614 3
36
7 Hi 214
07 1
63
15V4 V4
26
10
18
High. Low. Close chile
33 Alliance Ins 20 20 20 14
1 Am Gas ... 00 90 90 ..
Am Milling. . .. 0 .
10 Halt & Ohio A214 5214 A214 2
lOODeth Stl II. 75 75 75 2
ISCnmbiia St.llA HA 11A
AOCh&G Wpt 21 21 21 '
81Ai:iec Stor .. 3014 10 50 I
100 lnt M M pf. 00 1)014 00 1
Ins Co N A .. .. t23
Key Tel Co. . M
1100 Lie Sup Cp I24 11 ,,ni '
1076 Lehigh Nav.58 .17 A7ta -I !
lit do vv (vvl) 8 7 7
USLeli Valley . 56 5t A414 1
100 Mldvale .... 42 42 42 HI
100 Mo Pac . .. 23 33 23 1
Noith Cent. . . 7A
100 Nov Cons ..17 17 17
892 Pentl.l II 11 18 48 48 14
50 1-ltts C Cfs. 43 43 43 1
03 l'hlla, Co ... 30 30 30
do cum pf. . . . . 35
841PhlIa i:iec . 20 2l'd 2.1
13.10 1' It T tr cfs 21 23 2314H4
103 Pill la Tract. 72 72 72
41.1 Heading . .. 7014 07 08 3Vi
10 Sn llvvy pf. A7 57 57
2100 Ton Uelmont 4 3 3 18 i'
330 Ton .Mining 5'd 5 A
108 Union Tract 40 10 40
1442 Un Gas Imp 71 00 01 2
2 Ull Cos N .120614 200 200 ..
7270 f S Steel . 00 03 .Ti 614
innWIlljs Over. 10 10 10 14
l(Warlr&St 8 8 8 a.
10 Webt Coal . 77 ' 77 77
200 Wm Cramp 75 7.1 75
75Yojk Hvvjs 8'4 "14 14
K dividend
tCJuotatlon Riven Is jeslerdaj's clobe.
UNLOADING OP STOCKS CONTINUES
HERE AND SHARP DECLINES RESULT
Rapid Transit Drops 2 PoiiWtd 23, but Recovers Part of
Loss Storage Battery Also Suffers Big Loss.
Steel Hard Hit
Unloading of stocks continued on a large
scale today In tho trading on the Philadel
phia Uxchangc, and extreme weakness re
sulted In virtually everything In which there
was any activity The unusual lowering
of values In New York as a result of con
tinued heavy pressure, notwithstanding the
support given the market by banking In
terests, nnturilly caused uneasiness among
local holders and brought about much
liquidation and the consequent declines In
prices, Tho selling was not confined to
tho arbitrage shares, which showed the
greatest weakness In Wall street, but was
carried on extensively In some of the usual
local leaders.
Hapld Transit trust certificates was one
of tho home Issues which suffered most and
nt one time they sold down as low as 23,
or 2 points below the closing figure sos
terday Later there was a slight recov
ery, but buying power was lacking and Im
provement was slow and small Llectrlc
Storngo Hattcry wns also lilt, dropping as
low as 49V4, a decline of llv points, with
transactions small In comparison with those
of Hapld Transit United Ons Improvement
dropped the same nmount and wns traded In
more heavily than has been the caso for
weeks
Tonopah Belmont developed new activity
poratlon and Philadelphia Ulcctilc each loit
good sized fractlotfs, but Lehigh Navlga-
uon neia up wen una was me only stock
that had added nnv thing to its price kv
mldafternoon, picking up a. trifle. Th
Navigation warrants, on tho other hand
declined half a point to 7. '
Arbitrage shares wero dealt In more
heavily than they havo been recently ana
were generally weak. United States Steel
common, tho leader, suffered more than any
thing else on the board, dropping as much
ns 7 to 934, with sales small In com
parlson with the usunl local turnover of
that Issue Halls were traded In widely
and all of them were lower. Heading lost
more than 2 points, Lehigh Valley dropped
$2 to 64'4, Pennsylvania decllnedr ns much
ns a point to 48, the lowest price at which
It has sold since 1895, later recovering a
part of the loss; Urle was down ?i and
Missouri Pacific dropped 1?4 to 2314. South
ern Hallway held up well, with tho price un
changed Mldvale Steel followed the course
In New York and was down as low as 42,
a decline of 14- Warwick Iron and Steel
dropped n fraction nnd William Cramp cer.
tlflcates were unchanged,
Tho bond division was , generally oulat.
but there was a large turnover of the Gov
ernment's 3 'a per cent Liberty Issue, with
Tnlal Miles. 21,781 alinres, lominirril wllli
20.301 (.hares vmtrrrinM thus far thla week.
71.758 hhurrsj Mime period lust week. 20.471
hliures.
IIIIMIS
High, l.ou
cloe
$1400 Amer Gas S.
L'lec 5s .. 88 8714
1000 do 1941 .. 98 08
5000 do 1946 .. 0814 9814
1000 do 1947 9814 08
1000 Ulec f. Peep
Tr 4s . 71 74
1000 Leh V Kti 4s 81 81
17A00 Lib Bonds
3as p 0 00.74 09.70 00.74
1000 Penna &. Mil
Steel 6h..101 101
4000 Pa Co temp
cts 4 'is . 91 d 9114
lOOOPhil.v Co
cons ?s 81
10700 Phila Ulec
1st 5s . 08
2000 Heading gen
"4s 87 871
1000 Spanish-Am
I 6s .. . 100 100
Net
thue
81
98
8714 "4
08 114
0814 3'
08 1
74
81
101
01
81 1
98
100 14
Ohio Gas
Ontario Silver
Owens Hot . . .
Paclllc Mall .
Penna It H . .
I'eo Gas . C . .
Pere Marq w 1
do pref w 1
Phila Co ... .
PCCtBtL,
Pitts & We-st ,
do pref
Pitts Coal ...
do pref
Plerce-Arrow
Pressed Steel Car A3
Pub Sv Corp N J 111
Pullman Pal Car 130
Ky Steel Spring . 38
Hay Con Copper
Reading
Reading 2d pf . .
Rep Ir & Steel .
do pref
Royal Dutch . .
Saxon Motors . .
St L S V ....
do pref w I . .
Seaboard A Line
do pref
Sears Roebuck . .
Shattuck Ariz . .
Sloss-Sheff St & Ir 37
Sinclair Oil 30
Southern Pacific,. 84
So Porto Rico Sug.lBO
Sup Steel 33
Southern R R .... 26
do pref Slid
Standard Milling.. 83
'Studebaker 38
Stutz Motors .... 37V4
Tenn Cop & Chem 13
Texas & Paclllc.. 12
Texas Company ..138 135 135 Vi 3
do cash ISO, 139 130
Third Ave H K .. 18 17 17 1
Tobacco Products. 4094 46 46 5
Union Paclllc ....110 1 1114 116 1
do pre-f 74 74 74
United Alloy Steel 40 30 39
Unit Paper uoaru is
United Clg Stores, 88
United Drug , . 63
United Fruit lis
United Ry Invest 6
U H Cast Ir P & V 1214
U S Ind Alcohol. 111
U H Ind Alcohol p( 85
U a Itubber .... 68
do 1st prsr..... W
Total bales. $18,600. eompiireil wllli S38.150
sestertius 1 tlma far lids week, S210,.OOi Milne
period lust week, M00.II30.
INACTIVE l'HlLA. STOCKS
Following aro quotations for Inactive
stock listed on the Philadelphia Stock K
change and In which there wero no trans
actions today. The price given Is the last
previous close-
Am fla War l'a Lev atone Tel pf
Amer Storea . 314 Leh Jul rran
Amer Stores pf . H2 Lib al lr pf..
11 & S t 1 . . '" Lit Pros
llrlll JO.. . 20 l.lttl. Schuylkill
Hurt & Susit t c 50 Mlnehlll ....
Cam Iron . 4 14 Penna bait ... ,
Cons True N J 71 P 11 r
nen Asphalt . .17 W J t Seashore.
Oen Aaphalt pf . 58 York lluja pfd
CI
-'74
js
214
31
554
02
Jll
Ki4
35
and dropped a quarter. Lake Superior Cor- no chapge In the price,
STANDARD OIL ISSUES DECLINE
IN NEW YORK CURB MARKET
INACTIVE NEW YORK STOCKS
Following arc quotations for Inactive
stocks listed on the New York Stock Ex
change nnd In which there wero no trans
actions today The pilco given Is tho last
previous sale:
JV. II 8 & V clfa . 102
A II H & V eta pf 101
Lorlllard . ..201
M t V & feSVl pf 117
A 11 H T Pref 1154 Maekay Cos . . . 71
.... vnrM 11., Mnnhattan Ueach 1
Advance Humely 12. May Dept Stra pf 101
Allia-Chalm pf. 774 Mlcli Cent 110 ,
Am Agrlcut 7714 Minn 4 Ht L new. 10
Am Agr Chem pf 08 Mo Kan 4 Tex .. 4V4
Ain Heet Sugar pf H"i Mo Kan 4 T pref 04
Am Can pref I'll Morris 4 I'.hhvx 304
Am Car 4 I" pf H'llV. Morrla 4 Eaaex pf 1114
Am Cotton OH . 32 Nat Lead pref ion
Am Exprera Do Nat lllscult pref 114
Am Ice nref 48 Nat Cloak 4 Suit. (1J4
Am Smelt pref A. 0214 Nnt Ch & 8t ,,f i0Vj
Am hmelt H . vat Enm 4 Stn nf 04
Am ' W"1'" M Hit Mex lat Pf 4(1
Am Sumatri pref 3 M ,m Mn pre, ((
a t i t 5d of S-Vi Nt "R -' Pf
All. 1 1 V1 !"- ' M (J 'lav Jt tiav
Am Tob pf new . OS J t Mex
Am Woolen pr;f. I)J . . .Vi1'.,, ,
AmZlnciL.Pf 41 , l, J" '
Asao I) Q Ut Pf
Asao Ull . . .
All OIrm 4 All
Hnld Loco pf
llarrett Co pf
lleth Steel Pf .
Hrkn Un Claa
Ilrown Shoe
Iluttertck . .
Cal 4 Ho lat pf
cmt v ny "
504
1114
i
112 jsorr south . 214
tllVa riorr a. vveai prcr hj
11 , North Amer .. 4014
mV4 Ohio Puel .. 45
106 Ohio Claa rla . Ill
84 Pan-Am Pet pref 00
in'. Pan-Am Pet prior
71., pref it 01
104 Praad Stl Car pf.loj
oO Pere Marn nref . anti.
Peoria 4 East 44
.142 131 130 2
10 17 17 ..
37
20
83
148
82
24
35
83V4
33
37
HVi
12
37 14
30
82 2
146 3
32 2
1
35
14
33
37 3
11
12
17 17 2
16 86 2
65 65
112' 113 5
6 6
12 It
111 111
M fl
3V4 81
HVi. M gi
,Vin5a'imT;l nnti I'eoria & Kaat 44
V.W'J? iurl " 11 I'lerce-Arrow pref 0114
oR S Alton" of" "S'l lulekallver .... 1
.Si NVVnr?f '14''! Quicksilver pref 14
Chi & N vv nrei j4 4 ny atl Knrln r ...
ri4 so 1st pf BOH " Arm. : no
cS 4 South 24 ' St L 4 S V pref 311
Co So 2d nf 424 tand Milling pf 85
Con 11 K Ltr 10 Huo Btl 1 l'f ion
Con lnt Cal Mln. 171J ' Co rta 104
Con Can nf . .Jo.'Js lldewater Oil . 205
Continental Ins.. 514 Tobacco Prod, pf 014
Crucible Hleel , KOVi T St I. 4 Wj 74
Cuba Am Sugar 170 T St L 4 IV ctfa 84
Cuba Am Sug pt.102 T St I, 4 W pf .10
Detroit Edison .121 Tranaue-Wlme . 88 .
Drere 4 Co pref 01)4 Tnln City It T . 794
ceil s. .it" ui . .v., unuirrwooii 4)pc ill)
jieo mur ii
tlenerai cigai
lien uigai
llnndrlch I
!uft.-ur.p' United l)vo Wood
!!",l"alV.&rp"4Sr l"t pref
llii.r.ire .... it o 1-Tnr,. ,0
llomesiaae aim. .mi;? TT u 1,.0'i;: ,.... ....
In liar nf N J Pf.lllVa " r!1".1! im'Ee IS
lnt Viwi ' l iti 602 UUh Seo Corp.. 1.14
Iowa Central ... .414 l-JfrS . . K4H
n,7 unnerwu ipe pr 1124
. S". W cntd cgr Htr. pf 11.1
fi'ie'iKo1 Unld ,ru "t nf .10
1 P Pf.lOO ITn.J T.... .(4 . a.
,:. .. ..... , um .., iti 1.1
51
Iowa Cent pf
lenlr Mr I) XI...
Lk Erie 4 IV pf
101.. West Md "d nf. 2R
an ivesi -ao IV
28
!00
Pf. 40
IVIlaon Co pref.
wis uenirai ,.
1714
9!)
37
Llg 4 M Tob.
Long Is! ctM
Granulated Sugar Unchanged
NEW YORK, Nov. L Refined sugars
art unchanged with the American and
National Companies quoting 8.35c. The
Federal and the Warner Companies and
Arbuckle Brothers continue withdrawn.
Raw sugars quoted at 6.90c.
DIVIDENDS
THE CKyKAWATlOVM. HANK
November 1. 191T.
Th. Director, have thla day declared a wmt.
.nnual Dividend of DI01IT I'EB CENT and in
JStri Dividend of TWO l'EH CENT, out of t"
lt alx months' nroflta fra ot tax, payable on
damand. and Jiav. carriea iisq.ooo from Un-
aamM.iM. ,,-.. j-.vi (ruin un
divided iroflU) to Ourplu. Vund making tba4
Independent Stocks Irregular and Show Slight Losses.
Russian Short-Term Bonds Fall to New Low
Levels Motors "Weak
NEW YORK, Nov. 1
The most Important feature of the Curb market was tho weakness In Standard
Oil Issues, Standard Oil of New Jersey being traded in nt C30 to 020.
Independent oil stocks weie Irregular, with Midwest Refining dropping from
130 to 122, nnd Jlerritt Oil oold down from 31a to 29. International Petroleum sold
nt 124 to 12V4, Oklahoma Producing nt 7 to 6,, Oage at 7 to 6d, JJlfc Basin at
7'a nnd 734, nnd Northwest at 82 to SO cents.
Russian short-term bonds were weak and diopped to new low records, th
CV4s selling at 67, and 5V4s ut 54, nnd both Issues were offeied 1 point below those
prices latbr without finding t. maiket.
Canadian Government os were exceptionally strong, selling at 9414 and 94'4.
Triangle Film held firm at around 1, with continued efforts to acquit o tho stock
In evidence from lnsldo Inlet csU following the publication of a circular to stock
holders preliminary to the annual leport.
Airplane stocks were pressed on tho maiket, Wright-Martin selling at 78a to
7', nnd Curtlss dropped from 28 to 26Ba. Motor stocks were also weak. Chevro
let selling nt 67 nnd United nt lWt to 18. Cities Servico was active nnd strong,
advancing to 210, followed by a reuttlon to 203.
Submarine dropped from 13', to 1414. Inteilubo Chemical sold at 34. to 3.
Aetna Kxploslves .sold at 5?4 lo 5; Air Reduction nt 79 and 7R
Mining stocks were lower. Niplssing told at 8, Emma Consolidated nt 9-16 and
Vs. and Magma at 37 and 33.
1NILPKMI:.T OIL STOCKS Continued
Yes close
IM1USTKI VLS
Hid
. 73
. . A
VtS i lone
AhIc (sale)
Ainet Reduction .
Aetna Uxploslves . .
Am-Brlt Mfg. .
Am Marconi
Am Writing Paper. . .
Canadian Car Co....
Can Car &. Fdy pf
Charcoal Iron
Chevrolet Motors
Cramp
Curtls Aeroplane
Carvv en Tool
Carbon Steel
Unicrhon Phonograph .
l'ederal te . . . .. . . . .
Hende-o Mfg
Intertube Chem . . .
Knthoilioti Bronze pref
Luke Torpedo Boat
Lehigh Coal Sales . .
Lima Loco .
Maxim Munitions . . .
Marlln Arms
N Y Shipbuilding
Nor Amer Pap Pulp...
Otis Llcvator
Peerless Motor
Poole Lng
Redden Truck
Sirlpps-Hooth
S S Krcge w 1
Standard Motois
Steel Alibi h
Submarine
St Joseph Lead . .
Todd .Shipbuilding . . .
Triangle Kllm
United Profit Sharing .
U S Steamship
United Motors
United Sugar
AVorld's Film
Wrlght-Mnrtln Air ....
Zinc Concent
211
2
17
47
7
67
70
20
X
70
41i
.1
1.1
2
3i
6.1
IK
r
90
30
214
11
0
70
15
18
14
15
75
3
18
30
(1
1
3
10
3
:i
21
52
8
60
80
27
10
80
514
10
23
3
4
70
51
00
31
21l
III
II
80
85
!)
1(114
80
I
4
18
33
'li
5-4
68
78
2K
49
S
13-J,
3T,
18
7
hTAND.VItl) OIL
Illinois
Ohio
Prairie Pipe ...
S O California .
S O New Jersey
S O New York
....200
....300
240
....207
..31,1
....226
203
303
245
212
320
230
lXDEPENDKNT OIL STOCKS
Barnett Oil & Gas
Cobden & Co ....
i:ik Basin
Federal Oil
Inter Petrol
Houston Oil
Merrltt OH
Hi
714
7
2
12
10
37
1
7
7
3
12
20
37
714
3
12
Midwest Hef ..... .
Met Petrol
Ohio Fuel
Oklahoma Hef
Osae Hominy
Rice Oil
Sa.mlpa Ret
Sequnvuh
Sinclair
United West Oil . . ,
3IIMM?
Did .
.118
td
. 1.1
. 6
. 0
94
... 15
...
STOCKS
Aak
120
10
7
7
9
17
(Sale)
120
It
6
7
3-33
914
14
4-
Alaska Standard s 15
Atlanta m 13 u
!l!euI'e,,'.Re J v i! V4
Bishee Copper (a pros) . . aj, .
Butto Copper & Zinc. .. . 0 7 7
Butte New Yoik tji 1
Calumet & Jerome 1 1. i(j
Consolidated Arizona.. . 1 ij if,
Kmma Consolidated ft
First National V4 2
Goldlield Merger 4 5
Goldfield Consolidated... 40 42 41
Goldlield Florence 15 35
Goldlield Keivduas 3 13
Green Monster J
Hecla Mining, 4a4 4(
Howe Sound 4 , 4
Independence Lead 4 6 fl
Jeroni Verdo 1 1 ,' I
Jumbo 1-xtension 18 30 10
Magnate Copper , l J
McKlnley Darragh . . . . .1 6 fl
Magma Copper 37 38 36
Mother Lode 20 31 ,31
Mines Co of America. ... 1
Nevada Hills 10 15
Nevada Wonder 1 1
Nlplsslng s 8 8V4
Ohio Copper J
Hay Hercules 3 3
Stewart 7.33 0-32 0-33
San Toy n 13
Tonopah Extension .... 2 2 1T4
United Verde 33 31
West Knd Con 08 70 70
White Oaks 3
White Caps 1
Yerlngton 14 16 15
BONDS
Bethlehem 5s 0794 08
Cosden OH 6s .f. 80 81
Cosden & Co Cs 80 81
Cudahy 5s 0 1 97
Krle 5s 04 95
Russlap Government 5 Us S3 66
do 64s 03 08
Southern Railway 5s 07 07
.Sinclair oil 6s 07
Todd Shipbuilding 6s 00
101
DIVIDENDS DECLARED
National Hank of Germantonn, regular semi
annual of 6 per cent, payable November 1 to
tock of record October 31
Cripple Creek Central Hallway, quarterly of
1 per cent on preferred and 14 per cent on
common both paabls December 1 to .tock of
reiord November 15,
WW""!1 Bte1 Company, regular quarterly
of 11 75 a ahare on preferred, navable December
1 to stock ot record November 15 r
Continental Paper Ilac Company, regular
quarterly of 14 per cent on preferred and 14
V;r. "nt ,on ,'onunon, both payable November
15 to atock of record November 8. '
American Itadlator Company, regular quar.
terly of 14 per cent on preferred, navabla
November 15 to atock of record November
Hooka cloae November 7, to 15. Inclusive? Alao
regular quarterly of 3 per cent on common
pavable December 31 to .tock of record 1 Decern!
ber 22. Hooka cloae December 23 to 31 in
NEW YORK COFFEE MARKET
NUW YORK, Nov. 1. The market for
coffee futuies opened unchanged, with no
transactions reported on the call.
December
January.
March. ..
May.......
Jul .. ..
September.
Pipe Line Company Increases Dividend
NEW YORK, Nov. L The Cumberland
Plpo Line Company has declared an annual
dividend of 310 a share, payable December
16, to stock of record November 30. This
Is an Increase of 15 over the dividend paid
a year ago.
Test
Open High Low Cloae close
7.05 7.12 T.IJ T 17 T.K)
7.1t 7,2", 7.18
7 30 7.43 7.4(1 7 40 7 31
7.54 7.0(1 7.fll) 7 311 7.54
7.08 7 75 7.75 7 74 T 08
7.83 7.01 7.91 7.91 T.8J
To Holders of American Pipe Manufacturing Company Collateral Trust Certlfl.
eaten. Kprleu "A n n.ii. , i mns ' wc'"u'
. s( rut: UiiUUll 1S1, S
SPECIAL NOTICE
i P'pe Manufacturing Company I
js, Series "A." Due October 1st. 1
Default having been made in the pnyment of the jnterest and Sinkint?
nd due October 1st. 1917. under tho to. n !,. m t TVr.'?",.K'n?
a tiatetl
I by the
cates due October t, 1927, ifie underafgned representing holders of said
Certificates have formed a Committee for their protection. . d
me iuaimiHwi in uvea iiiu uoiuers 01 said Uertllicates tn .nncti n.
r hefora December 15th. 1017. will. TiTr i . j ri l30 deposit them
The Committee requests that the holders shall Hrn.if 4t,i- ..-
Vw
October J, 190T, to th Glrard Trust Company, Trustee, executec
American Pipe Manr.facturintT Comnnnv in ..! ,n u.. . .
on or before December 15th, 1917, with The Land Title & Mffi!
, Uroaq uneBitiui otreeis, i-nuaac phla, Pa., which has bein nZrl'J
Depositary, and Certificates of Deposit 'will btV issued lor theseTertin
cates under the Protective Agreement. ertlfi.
The Lommiuee requests that the holders shall deposit their C-rtlfl
cates promptly, as the right of deposit will expire on December lKtb"
1917, unless the time is extended as provided in the, A.lmi,er 16th'
PIUCHARD.SAUL,
PAYARD & EVANS, '
tvounset
COMMITTEE
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