MMSHHTO
y
B-. 'illiii W.'ls l" i'ii """ ' I'
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EVENING LEDOEK-PHILADELPHIA, SATTJHDAY, NOYDMBER 3, 1917
iiriiXY, MOCK
ANKERS
CO.
tr
INVESTMENT
SECURITIES
W " GOVERNMENT
W MUNICIPAL.
x RAILROAD
AND
, PUDLIC SERVICE
i- CORPORATION
A BONDS
3C6 CHESTNUT STREET
miLADELrniA
1
IT I
rEED3ifc
Our
Policy
Reliability at all times. Pro
gressive, yet conservative. J
Sound banking principles and an
up-to-date organization for the
proper conduct of all banking
problems.
Middle City Bank
1518 Walnut Street
Branch, niige Ale at Tuclih
-
Charles J. Bender & Co.
INVESTMENT BONDS
Member Philadelphia Stock Eichance
NORTH AMERICAN BLDG.
DIVIDENDS
TUB CENTUM. NATIOVAT, II IMC
of ruir.VDEi.riHA
November 1 1017.
Th Director have this day declared a semi.
Ennual Dividend nt EIGHT PER CENT, and an
SUn Dividend of TWO I'Elt CENT out of the
t month.' rronta. free of tax. payablo on
demand, and have carried J350 000 from Un
Slvtded Prollts to Surplus Fund, making that
Knd 13.00(1 000, and leaving S441.51Q remain.
kuc In undivided Profits' Account
"th'k. for Dividend kCONRAD.
cashier.
eading is limited
IN COTTON MARKET
Near Positions Up, While Other
Options Are 4 to 6 Points
Net Lower
NEW YORK.'XoV, 3.
Trading was somewhat smaller at the
opening; of the Cotton Exchange, with the
tone barely steady. December was-.up 5
'points. January started unchanged and
ether options were 4 to C points net lower.
Wall street, some Southern commission
houses, spot Arms and Liverpool wero mod
J crate buyers, but there was a good supply,
' especially of the later options, by local
houses, room traders and one or two south
ern operators.
Under free selling the market receded
It was reported that Tho spot article was
A shade easier In parts of the belt There
was a good deal of talk about freight room
to be made available by the British Gov
ernment for cotton this month.
A private dispatch from Galveston, how
1 aver, declared that tho space for only
100,000 bales at all ports would be pro
- Tided for Liverpool.
If anything, temperatures In tho belt
, were lower. Clear conditions prevailed.
Cotton receipts at the ports for tho day
" 2f,Q00 bales, compared with 30.750 a week
. 'ago.
Yesterday's
cioso upen men
27.09 27 10 27 40
26 23 28 43 20 73
2(117 2fl 18 2(144
20 10 20.18 20 27
28.75
December
January
March
JHBJ
ay
;J4C
Low I.ast
27.00 27 40
20 38 2(1 42
20.10 2(1 l.r
23 00 21 U
.. .. 28.75
H;,U
m
Cotton Statistics
f.f
y"y
.NEW TpniC. Nov. 3. The statistical position
This I.ast I.int
week week year
Total visible supply 3 091.700 4.409.727 4.714,724
Of which American 2.003,700 2,440,927 3.038.724
Total In sight No
vember 3 3,978.070 3.329.384 5.183.873
MARKET FOR STEEL
, , -IS STILL UNSETTLED
Satisfactory Progress Made To--Mvard
Lining Up Producers in
Various Branches of Industry
NEW YORK, Nov. 3
Tbua far there have been no signs of a
f .lt-up In the unsettlement which prevails
. in the steel market, the, develonmentn H,,r
f V i the past week having all been along the
"line, ci details. The "general committee of
"tiron and steel," composed of the leaders In
.me inaustry unaer uie chairmanship of
Jadga Gary, has held a number of confer
Bptpces on the question of prices on additional
jwroauci-s.
M Asl In the past those taking part In these
i;j meetings nave oeen reticent... but it is
' jt learned that satisfactory progress has been
wane wwara lining up all tne producers
in the various branches of the Industry, In
fact, there) have been well-deflned rumors
tt pig Iron products have virtually been
Mreed upon, and that an announcement
wl bo mode from Washington In the next
tmf days.
i.That the work of the "cenerar committee"
! jr no means near its -end is admitted by
of tha largest steel men in the coun-
, there being many ramifications to the
situation which must be settled in
iita form before there will be a let
ter those who have been doing the bulk
work. And by that time It will be
ary to start consideration to any re
sents which will be made at the
anlng of next year.
the trade It is stated that there nas
no resumption of regular domestic:
but this Is attributed to the fact
the producers cannot promise early
u
Sfflsftriftwrjes, as the requirements of the Gov-
"-swwnent are given preference and, according
tu tha best-posted autnorlties. war contracts
will taka the greater proportion ot the car
parity of the steel mills for some time.
It lo probably true that a large part of
tk aonfuslon which exists In all branches.
jMMLtally fctnonf the consumers, la due to
2bu maiim. -H1a) Iiava bean received bv
Httmrml Ma th, federal authorities
I pa unormaawft on au quenwn. sx
FINANCIAL NEWS-NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATION;
NEW YORK MARKET SHOWS MORE
CHEERFUL TONE ON WAR REPORTS
Marine Preferred Makes Big Gain Steel Declines
After Advancing Early St. Paul Drops
to New Low Record of 42
High Points in Today's Financial News
The Xcto York stock market was more cheerful most of the morning, out
declines occurred near close. War reports had bullish influence. Curb tone was
better, but business teas small. Com was lower. Cotton quiet. Vorcign ex
change dull. JVcio 1'orfc bank statement for the week showed increases in average
and actual loans. Bank clearings throughout the country increased this week
over corresponding week of last year, liar silver lower.
NEW YORK, Nov. 3.
For a time during tho forenoon thcro was a better tono shown in trading on
tho Stock Exchange with prices of n number of Issues making substantial gains
during tho first hour. This reflected a. more cheerful view of tho outlook In""
Europe, the nous from Trnnco being regarded as a bullish factor and more con
fidence was shown In tho Italian situation.
Thcro was only a scant supply of stocks at tho beginning of business, while
n number of Issues wero In good general demand, with Marino picfcrrctl be
coming most prominent, that stock advancing 3i points to 102, nnd United
States Steel common, which continues to determine tho general market tone,
was up V to 97',s. Tho Improvements, howover, was not long maintained In
the Inst half of the forenoon St. Paul became weak, suddenly dropping from
44 to the new" low record of 42s4.
Thcro wns also n renewed pressure against the general list, with United
States Steel common dropping to below OG, nnd Marino preferred losing nearly
nil Us previous gain. Most of the trading was of a professional character.
Tho weakness In tho Into trading In many stocks resulted from selling by
room traders who had been bucrs at tho opening, nnd as far as the Individual
character of tho half-day's operations was concerned tho buying and selling wero
without special significance. It Is tho prevailing belief that tho market outlook
depends almost wholly on war news.
For that reason the speculative element was disposed to refrain from ex
tensive dealings until definite news from tho ncthltlcs In I"ram.e nnd Italy Is
obtained. The money situation has apparently become a little moro tense, tlmo
money being scarce, and banking mnchlnery Is kept In operation for tho purpose
of meeting tho supply for call monej nt tho 4 per cent rate.
Railroad Issues Fail to Recover
Ono of the most significant features of the matlcet since the action taken by
tho Stock Exchange governors to restrict speculation has been the failure
of the better grado of railroad Issues to rccoer. If they wero depressed by the
pirates who have been capitalizing tho unfavorable features of a war situation,
why hao they not recoercd in similar proportion as tho more speculative
Industrials?
Tho answer Is obvious. Theso stocks, while thoy have been under pressure
from tho bears, liavo been supplied principally by Investors who havo seen
allies steadily shrinking and finally hae thrown oerboard their holdings
from ptiro fright.
A list of fifteen issues of the stanchest typo bhows an aerage decline
fcinco tho first of the jcar of close to 30 points. There Is nothing that Is more
disturbing to tho Investor than a steadily declining market. This has been
going, on now for a year nnd In tho last few months has reached a climax.
When preferred stocks declino 5 points dn slnglo sales, tho Individual holder
cannot bo censured because he loses his balance. Stocl; Exchange houses say
tho present situation Is absolutely without parallel. Wealthy speculators who
nro well able to take up their securities have simply been closing out their
marginal accounts.
Tho September statement of the Pittsburgh and West Virginia, which, Inci
dentally, Is tho flrst Itemized report since tho reorganization of the Wabash
rittsburgh Terminal, discloses earnings on tho preferred stock at tho rato ot
21 per cent per annum. Tho stock, Incidentally, Is quoted to yield better than
11 per cent. The management is charging off 3 per cent for equipment de
preciation, which will run into a total of about $150,000 per annum. Tho
operating ratio In six months was about 63 per cent. The company has paid
off all Its teal estate mortgages, has $1,500,000 cash on hand and has subscribed
$500,000 to Liberty Bonds.
Plan to Prevent Wild Rumors
In their campaign against the professional shorts, tho Stock Exchange
officials hao had In mind also the prevention of wild rumors such as have
been circulated by some agencies. Their object primarily was that of creating
apprehension. In some instances there was the most flagrant effort to under,
mine confidence.
In a period when much is mndo of the large taxes being paid by United
States Steel, Crucible Steel nnd New Jersey Zinc, it is consoling to study the
figures of American Steel Foundries. In nino months, after setting aside
$1,600,000 for the war tax, the company earned $21.45 a share for its stock, as
against slightly less than $20 a sharo in 1916. It will bo recalled that on Octo
ber 1 the company retired all of its flrst mortgage 6 per cent bonds.
Where Is the Erie Headed?
Where is the Erie headed? Its September statement Is most disconcert
ing and shows conclusively that assistance In the way of higher freight rates
is imperative. In nine months the road -las lost $5,877,000. Without allowance
for necessary adjustments, the fact remains that this compares with a balance
earned last year over and above Interest charges of $4,631,000. In other words,
Erie has been operating at a deficit. And there is not likely to bo much Im
provement In the latter part of the year, Tho September net decrease was
46 per cent.
NEW YORK BANK STATEMENT
Big Increase in Average and Actual
Loans Time Deposits Decrease
NEW YORK, Nov. 2. The New York
bank statement this week shows big Increase
In averago and actual loans and an Increase
In actual reserve. Time deposits decreased
In both cases.
Details follow:
AvnnAan
Net demand deposit
Net time uepoaus...
Circulation
i-ash In aults... ..
Heservo of member
banks in reserve
tanks ..
Reserve In State
banks and trust
companion ....
Reserve in State
banks and trust
companies aepos
Horles
Aggregate reserve...
Keserva renuircu
Increase
..J4.MO SRVOOO S31H SMt IKHI
s.t3.B77.R31.00O 1.487.000
2IB.978 000
8J.700 OOO
tlOl. 592.000
476.tl0.000
J38 007.000
2.701.00(1
83 0110
4.538.000
24,818.000
13.928.000
31.800.000 21.127.000
54(1.007.000 10,237.000
4R1.K01 OV) '5.230.700
Surplus ............ 0.,405,0-.0 5 000,240
tun'ted Stites deposits deducted. J358.482.6oo.
tSpecle included. ta7.B10.000.
Decrease.
ACTUAL
Increase
Tn, 14.657,170.000 1181.003,000
Nt demand deposits t3.627.330.gog 01,780.000
Net time deposits...
21B.6S4.000
3J.H1..UU(1
tU8.SCO.000
5,080,000
37.000
3.010.000
i ircumiiuii .,
Cash in vaults......
Reserve or memoer
banks In reserve
banks 530.803,000
Reserve In State
banks a n U trust
compante 87.531,000
Reserve In State
banks and trust
tCo,meP.a':1". . .d.". ." 33.201.000
Aggregate reserve... 010 098,000
HeJerve required .... .tflT.aoo
surplus 110.9J0.010
Decrease.
ISpecle Included W 008 000. .....
United States deposit deducted, 1692.781,000,
BTATB BANKS
00.013.000
13.240,000
18,173,000
07,fl.!l,0(0
12.244,0(10
53.370.940
TjOans ....... ....
Gold
Currency bank notes
Deposits Federal Re
serve Ba,nk New York
Deposits ...........
Reserve on deposit.,
I'er cent of reserve, .
S444.001.80O
23.110,000
21,431,600
28.103,800
672,784,800
107,640 200
24.7
7.0S3,800
2,580,000
604.200
707,800
18,577.800
2,932,800
.8
TRUST COMPANIES
Loans - $2,032,172,000 $110,821,200
Gold L ..!!"..,!.... 68.287,100 4.755:000
Currency, bank bills. 15,271,800 '284.000
Deposits with Fed
eral Reserve Banks, 189,518.800 13.841.500
Deposits 2.274,471,900 89,043,800
Reserve on deposit. S27.207.9OO 3.223,200
Per cent of reserve, 2 01 .l
BTATR RANKS AND TRUST COMPANIES
NOT REPORTING TO CLEARINU JIOUSB
I,oans ..?.. ,
Oold .
Currency, bnk notes
Deposit vUhrtdepul
Itcservo Hank .
Total deposits . .
Net deposits , ,
Reserve on deposits .
Per cent of reserve.
Decrease.
$017,801,700
44.310,900
11,910.700
88.582.400
1.033,771.800
695,147.600
175.578 700
22 9
$38,980,500
1.044,11 (Ml
301 600
7,911,000
44.OIfl.80O
8.747.700
-'.VOOOO
DIVIDENDS DECLARED
nioi
beceaaeer &
Dominion Steel Corporation, regular auartarlv
at 1U. per cent, parable, January 1, to stock of
BANK CLEARINGS INCREASE
Business 5.G Per Cent, Above Corre
sponding Week Last Year
Bank clearings throughout the country
for the week ended today show substantial
gains over last week and the same week of
last year. The total for all cities Is $6,520.
588,080, against $6,028,576,789 last week
and $6,172,753,652 tho corresponding week
last ycur. Philadelphia's clearings Increased
22 6 per cent as compared with last year.
Details follow:
1017 lnio PC
New York .13,073 51)3,783 $3, 132.571. 7'S 1 I)
Chicago ... 410,390,318 3'J.'.SI0,8!J 9(1
Philadelphia 8(11.401900 245.1111, S77 22.
lloaton . . 2B(i.3'(7 :v.
Kansas City 104.03(1,370
ht. Louts .. 135,000 149
San Francisco O.370 018
Pittsburgh . 08,10X151
Detroit .... 41.3lt7.448
llaltlmore . 38. H J.I 8(14
New Orleans 42,700.758
45.1111. S77 4-22.(1
L-48.117.470 33
109,013 317 S0.4
101 Ull .130 --30 II
73 573.J1S --21 0
57.073.271 18 3
41 404,112 Ol
38 874 149 O 1
30,433,798 40 0
Eleven cities,
five days.il, Oil, S78. 001 $1,474,120,385 38
Other cities,
five das. 795.204 781 077.420 02317.4
Total all cities,
me das $5,140,143,082 $5 151.553.308 6.0
Ail cities. ,
one day . 1.080.444.308 1.021.200,311 5.9
Total all cities
tor week $0,620,588,080 $0,172,753,652 56
MONEY-LENDING RATES
PHILADELPHIA Call, 5 per cent; time,
651 Per cent. Commercial paper, three
to four months, 6U5,i per cent; six
months, 5', a 6 percent.
FOREIGN EXCHANGE
NEW YORK, Nov. 3. The foreign ex
change market was extremely dull and un
Inteiestlng, the only noteworthy incidents
being ease In Italian exchange and a shad
ing from the high figures of the moiement
In Stockholm exchange.
Quotations were:
Demand sterling 4.7Eft, cables 4.76ft.
Sixty-day bills nominally 1.71H, ninety
day bills 4.69H.
Frano cables 6.74;, checks 6.7 5 9i.
Lire cables 7.98, checks 7.97.
Swiss cables 4.16, checks 4.48.
Guilder cables 45, checks 41 VS.
Pesetas cables 23.55, checks 22.65,
Ruble cables 13ft, checks 13i.
Stockholm cables 45, checks 41H.
Chrlstlanla cables 38, checks 37 V4.
Copenhagen cables 38j, checks 38.
BANK CLEARINGS
Rank clearings today compared with corre
spundlnz day last two years:
lull. M mm. ivja.
MIl.niT I4N (IMI Ifll in4.''''
;i ai,i.u.av
Roston
itosion ... ,,101 atil.oi l en iinii ini sn,ii,Ditii
rmiaaeipnia, oo.vat tai. &i oil
.tSl I
NEW YORK COFFEE MARKET
NEW YORK, Nov. 3. The market for
coffee futures opened quiet today, un
changed to a decline of 2 points. July was
the only month traded In on the call.
Yest.
Open High Low Close close
imber ........ 7.13 7.20 7 17 7.20 7.19
."S.r M J" Jii ..Si
:rv ,, .;v I.V f.5
.i9 1.-19
New York Slock Sales
Net
High Low Close chg.
AJax Rubber .... 81 St 51 H
Alaska Juneau .. 3H 3f, 3, s
Allls-Chalmers Co 184 18!4 18?i V,
Am Can SS 38"4 37 -f V
do pref do OO'.i 084 !4
Am Car & Fdy Co. 62H 62 02 H
do pref 107H 107?i 107U i
Am Int Corp 51 Vi 6J'i 53 1)4
Am'Ice Sec lo OH 0V4 1
Am Hide & Leath. 12H 12 12 "4
do pref son 32U 53 ..
Am Linseed 24 2314 21
do pref no 58H A0V4 1V4
Am Locomotive .. 62V4 804 5014 14
do pref 004 ntt 00H
Am Malt 124 124 12H ..
do pref B8IJ4 88 6B9i 14
Am Smelting 7794 70 70
do pref 1024 1024 102H 1
Am Sum Tob 854 65 654 V
Am Steel Fdy 854 33 634 Y
Am Sugar DD74 08 00 H
Am Tel & Tel.... 11274 112 112
Am Wool pref.... 03 024 os Vt
Am Writ Pap pref 214 214 21
Am Zlno & Lead.. 13 12?i 13
Anaconda 87 85T4 60
Atchison 87 88'i. 80 "4
do pref 88 83 88 ..
All Coast Line... 8 08 08 If,
Atl Gulf & W I.. 07 01 00
Raid Loco Co.... B3i)i 5t rfl
Bait & Ohio R1 81 Cl 1
Beth Steel 70 7 70 Ti
Batopllas Mln ... 1 1 1
Beth Steel H 70 7Ji 78 "4
do pref t c .... 074 06 "6 R4
Brook Rap Tran. 60 40 80
Burns Bros 103 102 102 1
Cal Petroleum ... 12 12 12
do pref 38 32 33 1
Can Pae 130 131 135
Cal Packing 37 37 37
Central Leather... 67 65 03
Chandler Motors... 03 80 00 3
flics & Ohio 40,, 40 40
'"hi Gr West pf.. 20 20 20
Chi M & St P .... 44i 4 J 42 2
do pref 83 70 70 ."
Chi & Northw ... 00 06
Chi R I & Pae t c. 11) 17 17 1
do 6 p c pf t C. 44 43 43 1
do 7 p c pf t e. 61 ",.' Si t
Chill Copper 13 13 13
Chlno Con Copper. 404 39 39
Col Pud & Iron... 34 33 33
Col Gas ct Elec... 30 30 30
Consol Gas 88 80 80 Ti
Com Products ... 27 20 20
Crucible Steel .... 68 80 864 14
Cuba Cano Sugar. 27 27 27 ..
do pref 78 78 78 1
Deere Co pref ... . 1)9 00 00 ..
Del & Hudson ... 09 08 08
DL&W 102 102 194
Dener & R G pf. 14 13 14
Dome Mines 7 7 7 ..
Distillers Secur .. 37 3.1 33
Erie 15 18 15
do 1st pref 23 23 22
do 2d pref 18 18 18
Gaston Williams.. 32 SI 31 1
Gen Electrical Co. 120 128 128 ..
General Motors... 88 80 80 2
do pref. 73 75 75
Goodrich B F 37 37 37
Great North pf... 03 04 01
do Ore subs.... 25 21 2S"4
Greene Can Cop.." 37 37 37
Gulf States St.... 1)0 81 83
Haskell & Barker 29 20 20
Illinois Central .. 07 07 07(,
Int Agrlcul 8 8 8
Insplr Copper .... 414 40 41
Interb-Cons Corp. 7 7 7
do pref 47 40 40
Int Harv of N J. 101 103 104 1
Int Mer Marine... 28 27 27 ..
do pref 102 00 0D
Int Nickel 20 20 26
Int Paper 31 2t 21 U
Kan City South .. 14 14 14
Kennecott Copper. 30 20 29
Lack Stael 74 73 73
Lehigh Valley ... 55 51 53
LIg&MTbCo pf.102 102 102
Louis & Nash.... 115 115 115
Manhat El 100 00 09 1
Max Motor 20 23 23 1
do 1st pref 57 60 SO 2
do 2d pref 18 13 11
May Dept Stores. 40 49 40
Met Petrol 80 78 78 2
Miami Con Copper 27 27 27
Mldalo 43 42 42
Mo Kan & Tex... 4 4 4 ..
Missouri Pacific . 24 22 22
do Ctfs 43 43 43
Nat Con & Cable 22 21 21
Nat Biscuit .... 83 85 85 4
Nat Enam & Stpd 36 36 36
Nev Con Copper. . 17 17 174
N Y Air Brake .101 100 101
New York Cent... 69 08 08 154
N Y N II & H... 25 21 24
N Y Ont & West. 18 17 17 2
Vorf & West ....103 100 102
Nothem Pacific. 00 88 88 1
Ohio Gas 36"f, 35 35
Onens Bot 81 81 81 "4
Pacific Malt 244 34 21
Fenn R R 49 48 48
PeoGas&C 42 12 42 1
Pere Marquette .. 14 14 11 ..
Phlla Co 27 27 27
Pitts' & West 24 22 24 1
do pref 57 67 57 1
Pitts Coal 42 42 42
do pref 70 78 78i 1
Fierce-Arrow .... 32 32 32 ..
Pressed Steel Car. 53 53 83
Pullman Pal Car.130 130 130 2
Ry Steel Spring. . 37 37 87
Ray Con Cop 23 21 21 ..
Reading 08 05 60 1
do 2d pref SO 30 36
Rep Iron & Steel. 73 72 72
Seab Air Line.... 0 0 0
Sears Roebuck. .. .140 110 140 y.
Sloss-Sheff S& I.. 36 33 31 1
Sinclair Oil 30 30 30
Southern Pacific.. 83 81 81
South P R Sugar.. 113 , 113 113
Sup Steel 31 34 31
Southern R R .... 25 23 25..
do pref 56 80 86
Studebaker 36 36 36
Tenn Cop & Chm. . 13 12 is
Texas & Pacific... 13 12 12 V
Texas Co 138 187 137 1
Tobacco Troducts. 48 47 47
do pref 03 03 03
Twin City R T .. 75 78 75
Union Faclflo ... 115 113 114 1
United Clg Stores 87 86 86
United Drug .... 65 65 83
United Fruit ... . 114 114 114
U S C I Pipe & F 11 11 11
do pref 40 40 40 1
U S Ind Alcohol. 114 112 112 ..
U S Rubber 61 84 81
do 1st pref .... 07 07 07
U S Smelt & Ref. 48 45 45 ..
U S Steel ,.07 93 95 14
do pref 112 111 112
Utah Copper 76 74 78
Va Car Chem .... 28 28 28
Wabash 8 8 8
do pref A .... . 40 40 4.0 1
do pref B 20, 19 10
West Maryland... 18 14 14 1
West Union Tel.'.. 84 84 81
Wesfhse Mfg .... 40 so so
Woolworth pref.. 118 lis lis
Wheel &LE 0 9 9..
do ctfs 19 18 18
Wilson Co 45 44 45
White Motors.... 33 34 33 ."i
Willys-Overland .. 10 18 10
dopref 70 76 76 1
Tatal sales, 336.200 shares, rompnrej wllli
083.500 share eslerdayi .thin far this nek,
8.141.400' share) same period last week, 2.008..
500 shares.
LIVE STOCK QUOTATIONS
. CHICAOO. Nov,. HOas Receipts. 11 000
hsrt left over. 8220 head, estimated Monday,
82.000 head. Fifteen to twenty.flve cents lower
than jesterday. Ton, $17.33! bulk, tin oof)
17 111 light, Jl5,75lLlh mUed, lin 20
lf.SH heavy. $l130t8,l' rough. $11115
10 40: yorkers. $ 60? 90s pigs. h215.75i
good to choice. 418 60017.80, . .
, CATTLB Receipts today, 5000 hsad: Mon
day. 80 00O head. Market weak Beeves, $6.75
011.60; cows and h'UarS. $5012.15) stackers
ana feeders, b.iouii.dd; western, ij.21)
i?i7l calves, $7.60014) poor to medium. $6.
Vlll.AD:
---"---- .. -. - iiyiiv niiiMi naini Mrinniv.
7.5; J.w I M.ofttj bead. JCarket weak. Natives, 18.75
Sales in Philadelphia
nigh.
16 Alliance Ins. 20
20 Bait & Ohio. 514
B & S pref. . . .
27 Cam Iron . . 43
100C R I & P.. 17
103 Elce Stor .. 60
Gen Asph pf . .
11 Ins Co N A. 25
'BSSLk Sup Corp 12
377 Lehigh Nav. 884
340 do war w 1 8
47 Lehigh Vol . 8.1
612Penna R R. 40
100 Pitts Coal pf 78
33 Phlla Co.... 78
do cum pf. . .
S27 Phlla Elec. 25
088 P R T tr cfs 25
10 Phlla Tract. 71
604 Reading .... 68
28 So Pacific... 83
343 Ton Belmont 4
167 Ton Mining. 4
140 Union Tract 40
HSUn Gas Imp 704
Un Cos N J . .
2600 U S Steel... 97
100 Wm Cramp. 74
York Rwy. . . .
20 do pref... 31
Net
Close. che.
26
814
too ..
43 M
17
SO
t86 ..
35
11
87
7
8.1
18
78
78
3.1 . .
28 ...
21
71
08 1
83
3
4
40
70
206 ..
01 05
74 71 I
t8
31 31 1
Low.
20
81
43
17
60
23
11
37
7
63
48
78
78
25
24
71
05
83
3
4
40
70
tQuotntlon glcn Is jesterday's close.
Total ale. 7817 slinrrx, compared wllli 11.
013 shares jele nliii 1 tlui fur thin erk. 98,538
hlmrcM sumo perlud Init ueek. 30,137 eliures.
IIOMIS Vet
High Low. Cloe chge.
? 1000 Hal Jh In Loc
1st 5s ...100 100 100
6000 City 4s 1915 084 98 98
7800 Lib Bonds
32 p c. 09.76 09.38 99.58 .12
3000 Phlla Eleo
1st Es ... 08 98 08
6000 Span-Am I 6s 00 99 09 I
1000 UnRy InvSs 61 ot 01 2
Total sale. 824.300. compared ulth ctS.750
Yratenlnri thus far this nrek. 30V.,30! some
period last week, 8971,300.
INACTIVE PHILA. STOCKS
Following are quotations for Inactive
stock listed on the Philadelphia Stock Ex
change and In which there ucre no trans
actions today. The pr!c glxen Is the last
preUous close.
Amer Oas . .,
Am Ojj tsar .
Am Mill
Amer Stores. . .
Amr Stores pf ,
J. rill .1 u
Ilurf . Susu pref no
Cam Steel 118
('one Trno. N J . 71
(len Asphalt ... 17
Kejstone Tel . . 11
Kejstonu rel pf. ot
00' I rh Vnl Tran ..
1' l.oh Val Tr pf...
0' Lit Ilroa . . .
314 Little bcmnlkill.
Iij Mlnrhlll
zvorin cent
Penna Salt . . .,
Phlla Tract
PUT .
West Coal
IV J & Seashore,
York Rwjs pfd
38
24';
M
5.1'i
754
I).'
72
"il
Ik
35
New York Bond Sales
SSniOO Anglo-French . .... nfu
1000 Am Foreign Sec r,i . . 114U
3nni! Amer Nj"" llt"'l 5' "'
400O Amer Tel 6s 01
.11100 Atchison Ben 4s .. Kl'4
?I!!'8 A.,l,nn.Co '""" iU" snI
inon Halt Ohio 5s 81
500(1 do 4s 79
1.-.000 do cv Ar .... 7II;
5000 Hfto P Llitu V 4s ! 77
SilSS !!rol'c "'"i lr 3" lul8 ""
(looo llordenux r . . . . hj,
"""' ijni i.eainer 1st os . 94'
Low Clone
i; 111
4
nil's
111
mi
8(1 s
St
711
70'
7,
Ml
U4'5
,"""' hill Copper 7s .. .101 lot
4.J000 Chei Ohio con 5s.. 7,1 74
L'Ollli Chi Jt Vim -II..
21000 chi ii . q tuint 4s ,:: !
(100(1 Chi Mil . St V C 4!as 74
3100O Chi i! I 4 1- rfil 4s .. (11J4
2900 Con Gas conv Us . ..KlOS
inoo Cerro de Pnsco tit ..lot'.
lOSf! hrie conv ' Sr 11.. 41
1000 French Republic 34 s . li.V,
.,in ,.",erl) ' 4S ... rmtt
-2"2 !ntB K T rcf 5s .. 84.
uoooo Inter Mer .Mar (Is. . in
2000 Intrrnl Paper 0s... .Km
(1000 K C Ft S . M 4s... (I7'i
300(1 Kan City So 1st 3s... (,0'5
OOO I. IT illTii .. ,11
vsss i'?.j! ?..-. -....-.:: vi.
I rtinm J,IITriV IIUnQrf il (,
10ROOO do 3d 4h .. .. ...
r.nnn r l -
,,,.,,,. g,-jv a, I ,JB .... ,.. llll'u
(I0O0 Marseilles On 87',
2J0O0 Mo Kail i. T 1st 4s . 110
ir,(lon Mo Tnc gm Is . Ml
8000 dn lis . . . . hot:
8(1000 N V C . H (in . 114
0000 N Y Tel Ben 44 s. . !I2I
4000 Nor Pae 4s . ..... h-
.loon Ore Short L li . . N41,
1000 Pacific Uas 5s .. sj
10000 Penna gen rt l' s . 91
7000 st i, ft s r ajt .. . not;
130OO ,o Ser A . . . 87U
14000 South Pap ct 4s . . 7S!,
11000 do ct 5s SO't
22000 South Rwy Ken 4 s CO't
noon Texas Co ns no
K.oon V H Rubber 5s . ti)
immi I- r, uox 4S
fOOO 1 S eel a t
liSSt U !C ." ' r,, 1 n,''f
mnnn ., ki . .n.n .
,..,,., .Mi .--, n inn, , in
iRoon do r.t-s into iew . ns'l
2000 lVert Plectrlc . 07'.
1000 lVest Shore 4n so
1000 West Union 5s no
HI 4
11a
N4s
no's
84
79
ill
87
II l
101
74
IH'i
74
(I.",
87
no';
mi1-, 1011,
Oljs
84;
ih
100
(17'
MV,
N74
90.70
100
"IU,
H7
ll)
87
II04
41
lllll
07',
I'l'.4
.
90.70 011.70
.100 100
IKI'4
kT
un
54
n
in'
l)JW
NJ
K4W
82i
nt
(10
'
sn
(loU
75'.
loin io-,n jo-,'.
' no, nns
no,
m
OR
n-'i
sn
no
1.0
r,i
no",
in',
iij'i
sj
R4'a
ni
110',
rni
7S
so
1.01,
on
7T,
nn.
n-'i
80
no
Totnl nal;s. $2. 111,000, compared nllli 1 04R .
000 jeMirdavs thiix fir Kiln ".k 7 81J OOtiT
Kiime period I it.t neek, Sll.007,000.
INACTIVE NEW YORK STOCKS
Following aro quotations for Inactive
stocks listed on the New York Stock Ex
change and In which ther were no trans
actions today. The price given Is the last
previous bale:
a R s & r ctfs.. 102
A 11 8 fc F Cfs pf.191
A 11 H & K pref.,lll'i
Adams L'xpress.,115
Advance Rumely. U
Advance Rilm pf. 21's
tlaska Oold M. . . '
Allls-Chalm pf... 77"!
Am Agr Chem... 70
Am Agr Chem pf UK
Am lleet Sugar . 72i
Am lleet Sugar pf 81
Am Cotton Ou... 32U
Am Hxpresn . 90
Am lee pref . , 4R
Am Leco pref 97
Am Sm.lt pref A. 92V4
Am Smelt II . no
Am S-ugar pref lto
Am Sumatra pref 91
Am Tel Cable . CO
Am T i. T 3d pf. nj',
Am Tobbaco ..,.178
Am Tob pf new . PS
Am Zinc It L pf 40i
Asso D Q Ibt pf. 62.
Asso Oil .. . 1114
Atl BIrm t Atl.. 13
Atlan O 4 W I pf 1104
Raid Loco pref . . 04V4
Rait & Ohio pref A0i
Rarrett Co .... 90
llarrett Co pf ...100
Reth Steel nf ... 84
llrkn Un Qa 101
Ilrown Shoe .... Jl
Ruttertck lo'i
Ruttn Is Superior. 18
Cal & So lat pf.'. 50
Cent Leather pf..loO
Cerro de Pasco. . 31 'i
Cent XMy So. ..,27,
Cent 8 AmTel...l154
Chi ft Alton 11..
Vht i. Alton pf . 21',
Chi ft Ot Wost 31'4
Chi ft N IV nref 142
Cluett-Pealdy nf.110
Col It Ho 1st Pf . 84
Col ft South ... 24
Col ft So 2d nf 42'4
Con flClilP ion..
Con Int Cal Mln. 174
Cont Can .... 87.,
Con Can nf ..l"-!li
Continental Inn, . 514
Corn Prod pref . 90
Crucible Steel .. R9i
Cuba Am Sugar. 170
Cuba Am Sug pf.lnj
Detroit Kaison...i.i ,
uen ec mo uri
Dome Mines ..,
Kleo Stor Ilat..
(leneral Clear ... 38'
Oen Cigar nf... 984
Ooodrlch II F pf.100.,
Oranby Mining ., (1H4
nulf 8 fltl 1st pt.101
Hartman Corp... OJ
Havana Eleo ....lot.,
Momestake Mln.. 1074
Int Agrlcul pref.. 8ii
In liar of K J pf.lllU
Int Nickel nt... 1014
Int Paoer pf sta. 60J
Iowa Central ... 44
Iowa Cent pf.,,101
Jewel Tea 37
Kan City So pf.. 474
Kelly-Spring .... 4.'..
Keok ft D M.J. . 4i
ljk Krie t IV.. 10
Ut Frl ft W tlf. 23
!.ee Rub Tlrf . 1.1
I.Ik ft M Tob ...200
' on 1st ctfs pf 4(1
Lorlllart Z
Wiiay Co, ... 78"s
3lanhattan Reach 1..
Max Motor 2d pf, 174
May Dept Btre pf 101
Max Pet prtt..., 10
Mich Cent 119
Ulna ft St L new. 10
Morr s ft Essei . 304
Morris ft Kssex pf im
ki S S S S M M
Mo Kan ft T pref 74
Mont Power ... n
Mont Power pref. lot
Nat Anno "7
Nat Ulscult .... so'a
Jat Lead 41
Xat Lead pref . 102'4
Nat lllscuit nref 114
Jvat Clk ft St pf 100'i
Nat Enm ft Stp pf nt
Nt RR Mex 1st Pf 40
M Rlt Mex pref. 40
Nt RR Mex 2 pf r.O'l
NO Tex ft Mex.. 2.'
N Y Dock 1114
N Y ' ft St I,.!: 21
Norf ft South . 21
Norf ft West pref 82
Noa Scotia Steel 7H'4
Ohio iuel .... 41
Ohio Oas rta . , 01
Ontario SlUer 4
Pan-Am Pet pref 90
Pan-Am Pet prior
Pref ct 08
Prssd Stl Car pf 10J
Peoria ft Last... 4'a
Pere Marquette . 14
T,,, " II
7N
82
92
1
14
97
(17
90
00
'
18
20
in'.;
2(1'4
11
8,t1
Pitts Coal pref
i-terce-Arrow
Plerce-Arrow pf
Qulckslher ,. .,
Qulckslher pref
Rep I ft 8 pref ,
Roal Dutch ..
Ry Stl Spring pf
Sage Arms ..
Saiton Motor . .
Seaboard A I, pf
Shattuck Aria . ,
St I. ft s F .
St L ft S P nref
gt L ft 8 V pref ,l'l
ninn'l -.lining lr 81
South PR Sjgar 118
Standard Mill .. R-'i
Stutx Motor P74
Sup steel 1st pf J00
T'a Co rts .. im
Third Ave .. . 1714
Tidewater Oil 208
lobarco Pro! pf os.
T St I, A W.."., 7J
TStLftYctfi 84
T8t Lft Wpf.. 80
Transue-lVIms ., 88
underwood Type, 90
Ilnderwd Tvpe pf. 1124
Un Dag ft P new. 87
United Alloy stl. 89
Untd Drug 1st pf 60
Untd Drug 2d pf . 75
United De Wood
1st nref ....;, r.l
United Pap Brd.. 171
Union Pao pref,, 74
United Ry Inv.. S
H S Expres 18
U 8 Realty Imp 11
"dp l' f r.n
U B Tnd Alco pf. 9"
IT S 8 ft It pref . 48
1'tsh Se- drp 1g.
J.'.''r. Chm Pref Ml "1
IVells.rargo ... rs
JVest Md 2d nf,. kh
JVj-st Pae. It R'. nil
Wis Central ., joif
Wilson Co pref . , -i
ljoolworth 115
woolworth pref, .110
Worth P ft .. sS
Wrtn P ft M pf B il
Shipments of Jleat Decrease
CHICAGO, Nov. . Shlpment,' of fresh
and cured meata from Chicago during weelt
enaq rjoyemBer 4 were aj,vijvoqo pounM,
.inv n,rJ,e stHmaia lasi week. aaM
LOCAL STOCKS DECLINE FOLLOWING
GAINS IN THE INITIAL TRADING
A
Rapid Transit Closes With Loss, After Advancing to
Lake Superior and Lehigh Navigation ,
TaKe same course
Only a small turnoter of stocks tooft
place In the two-hour session on the Phila
delphia Stock Exchange today olid prices
were Irregular, with those of irtually all
the usual local leaders declining nfter
strength nt the start. Rapid Transit trust
certificates, tthllo slow In opening showed
Improvement at the start nnd moted up
to 25 but closed at 21V off '. The
nttendanco of traders In board rooms was
small and neither this Issue nor any
other could gain any momentum of conse
quence. Philadelphia Electric was the most active
homo stock early nnd it remained un
changed at 25'4. Electric Rtorago Battery
Hold t below jesterdn's close Lake Su
perior sagged "4 after storting high, and
Lehigh Xn. Ig.itlon took tho fame course
Tonopalt Belmont, which had shonn un
usual strength yesterday, was moderately
traded In today nnd the price sagged n
fraction, while Tonopah Mining was marked
up n trifle. United (las Improtement wns
unchanged Two small tranactlons took
place In Philadelphia Company, the first at
28, and tho second nt 27, oft 14.
rnnsUanla Railroad was a little hither
but losses were recdrded by Lehigh Vaju.
nnd Baltimore and Ohio, while Heading w,l j
unchanged Steel common Improted, afl. '
vanclng to 97'4, but was slower than usual '
and ended lower
Bonds were quiet and the 3, ptr cnt '
Liberty Loan sold oft to 99.58.
Minimum prices established On PIttiburti
Stock Exchange Friday hae been rernovM
from stocks selling at or less than $15
share.
The Federal Reserve Bank of Pnlladel.
phla has transmitted to banking Instltu.
tlons In this district the following telegram
from the Treasury Department, signed by
Oscar T. Crosby, acting Secretary:
"In order to comply with the Secretary'!
announcement for preservation of names
nnd nddrerscs of subscribers of Second
Liberty Loan, will you kindly ndvlne all
banks nnd trust companies nnd other
throughout our district submitting group
subncrlptlons that the department desires
their co-operation, and later will request
through ou submission to jour bank of
tho names and addresses of all subscribers
for Second Liberty Loan?"
CURB TONE IS GENERALLY BETTER,
BUT BUSINESS CONTINUES SMALL
Fluctuations Are Confined to Narrow Range Oil Stocks
Fairly Active and Prices Are
Better Maintained
NEW YORK, No 3
Tlutc was a bettei tone generally to the trading on the-IJroad Street Curb, but
business was small In lolimie, nnd In most cases fluctuations wero confined within
a nnriow rnnge. The oil stocks as n group wero fairly ncthc and prices in thosj
Issues wero better maintained than in the first pait of tho week, although tho buy.
ing was without lgor and trading at times wns sluggish.
Midwest Refining wns the most active of this group, opening at 120, and after
declining to 117 rallied to US. Houston Oil was In good demand, selling nt 18 and
19, and Merritt leflectcd support with sales nt 28 nnd 28$. International
Petroleum was traded In nt 12 to 12'J; Oklahoma at 7 and "',, and Osage at 7 and
ii.
The mining stocks were quiet and without special change in prices, Butte Cop
per and Zinc selling at 64 and 61, Stewart at U and Big Lodge nt 1 and 14.
There was fairly active Hading in City Service at 203 to 203. Curtlss Aero
plane was steady, with sales at 264, and Wright-Martin was traded in at 7i t
7V Submarine sold nt 13 to 14, and Aetna Explosives nt 54 nnd 5S.
Triangle rilm was firm, with huvlng continued based on the extension of the
company facilities', with sales at 1 to 78.
INDUSTRIALS
ma
Am Reduction 70
Aetna Explosives 5
Am Brit Mfg 5
Am Marconi 2 i
Am Writing Paper 2i
Canadian Car Co 17
Can Car &. Kdy pref 47
Charcoal Iron 7
5,
Chevrolet Motors
Cramp
Curtlss Aeroplane
Carw en Tool
Carbon Steel
Emerson Phonograph ..
Federal Dje
Itcndec Mfg
Inter-Lube Chem
Kathodlon-Rronze pref
Lake Torpedo Boat . . .
Lehigh Coal Sales
Lima Loco
Maxim Munitions
Martin Arms
N" Y Shipbuilding
Nor Amer Paper rulp.
Otis Elevator
Peerless Motor
Poole Eng
Redden Truck
Scrlpps-Booth
S S Krcsgo w 1
Standard Motors
hteel Allojs
Submarine
St Joseph Lead
Todd Shipbuilding
Triangle Film
United Profit Sharing..
I" S Steamship
United Motors
United Sugar
World's Film
Wright-Martin Air . . . .
Zinc Concent
oe
70
21
8
7.1
414
5
1.1
3J
3)i
01
47
si
00
30
21
4.1
0
70
15
48
13&
1.1...
3?
18
30
Tes. close
Asl. tHdle)
78
oi
10
2T
3
21
Hi
8
70
80
28
10
80
3i
10
25
3i
'iii
08
53
1)3
33
2 "4
50
Osage Hominy ..
Utlce Oil
Mapuipa j;et ...
Sequoyah
Sinclair
United West Oil.
37
74
1
81
S'.i
ii4
ion
80
1
3T
184
35
n4
7'i
134
3i;
18
ixii:pi;nii:.t oil stocks
Barnett Oil & Gas..
Cosden &. Co
Elk Basin
Federal Oil
Inter Petrol
Houston Oil
Merritt Oil
Midwest Ret
Met Petrol
Ohio Fuel
Oklahoma Rcf , , . ,
14
7s
7?i
2i
1?
IS
274
118
T
12
8
79.
77.
3
1S4
20
284
120
1
19
7i
.194
3
134
2n4
110
iMUPi:.Mii:.T oil stocks
Continued
Yes close
Old Ask (Salel
i 7i
'
7!i
84
11
V
Ti
17
MINING STOCKS
Alaska Standard 5
Atlanta : 10
Big Ledge 1
Hlbee Copper (a pros).. tf,
Ilutte Copper & Zinc. . .. fl
Butte New Yolk
Cal & Jerome 1 4
Con Arli: 11,
Emma Consolidated .... ' i
First National 2
(loldflehl Merger 4
Goldfleld Cons 38
Joldfleld Florence 10
Goldfleld Ken anas 10
Green Monster a
Hecla Mining 4
Howe Sound 4
Independence Lead 4
Jerome Verde j
Jumbo Extension 18 -
Magnate Copper
McKlnlcy Darrngh 30
Magma Copper 33
Mother Lode 29
Mines Co ot America.,. iji
Nevada Hills .1
N'evnda. Wonder 14
Nlplsslng 71.
Ohio Copper )J
Ray Hercules 3
Stewart 14
San Toy 0 '
Tonopah Extension .... in.
United Verde ,T
West End Con 63
White Oaks 3
i mic (aps ,i
Yerlngton , 13
15
11
l4
i
6a4
1
lt
1
"h
2,4
5
40
13
15
U
4T.
41
e
19
T4
CO
37
30
1
II)
i
1
34
11
14
33
70
100
15
w
II
"h
in
4
214
3
41
u
411
4
6
18
36
28
14
Bethlehem 6s .
Cosden Oil 6s . .
Cosden & Co 6s
Cudahy 6s
Erie 5s
Russian Government 6'is S3
Russian Government 64s 63,
Southern Railway 6s ... 07
Sinclair Oil 6s 02
Todd Shipbuilding 6s ... 911
BONDS f
07-74
80
80
01
01V4
OJ74
81
81
07
054
50
09
Oltt
101
114
OJH
57
87
Local Bid and Asked
Amer Stores
Ilrlll, J a
Ruff ft Susci t 0 67
do pref 48
Baldwin 544
Elec Storage 40
Gen Asphalt in
do pref 54
Key Telephone lo'i
ao t c (in
Lake sup corp
benign wav .
lhlgh Valley
j'cnnainnia
Phlla Kleo
Philadelphia Co 27
do 0 p o pref 81
Phlla R T t 0 24S
Reading OV'i
Tonopah Rel a.
Ton Mln 414
Union Traction ... . mi.
U O I
I' 8 Steel 111'.
York Itwv s'
od pref r.l
Wm Cramp ft Sons 72
Todav
Hid Ask
3j
'Ill
rp 114
57
' 54.
31
20
6(1
50
544
50
17
58
It
(15
11'
58
. 0-iVl 03
. 21. 25
81
24'
00
4(1
91t
II
84
74
flMi 70
111' 111.
Yesterday
Hid Ask
31 " 31
12 , 20
57 00
18 60
51 514
50 fit
1(1 19
50 R7
K'Vl 11
ill 04
U't l."4
57, 58
61I 55
48 49
2V, 21'i
27 2S
HI .13
24, 244
074 07.
6'i 4
4 44
191 40!
70 70
tMIVi OHiJ
."! "
3.' 81
73 75
French General Is Slain in Battle
PARIS, Nov. 3 .General Challle Davis
Onal, commander and formerly chief ot
staff of the Seventh Army Corps, was killed
at Aiocourt on October 11, It became known
here today.
LOCAL iMINING STOCKS
TONOPAH STOCKS
Jim Butler
Mac.N'amara
Midway
Mlzpaii Extension . .
Montana
.(..
Rid
77
10
03
00
.11
Northern Star 1104
Rescue Eula 1 1
IVest End 09
aOLDFIELD STOCKS
Atlanta 0914
Rlue Dull .01
Hooth 01
Dlamondfleld It H 02
ijiy , 02
Kewanas OS
Oro nt
Sandstorm Kendall 02
Ntlverrick 13
Arizona lTnltrt
Nevada Wonder
Tecopa Mining .
MISCELLANEOUS
20
1.00
23
GOVERNMENT BONDS
2s, registered 1030...
2s. coupon. 11)30. .
:. registered, 1018...
lis. oounon, 1618 ,,.
4s, registered 1023.
4s, coupon, 1925,
3s, registered 1010...
8s. coupon. 1910
Panama 2s. registered.
Panama 2s, registered.
19111.,
1938.,
Rid
lilf
HUH
-DM
ll'l
1014
, 101'i
84
Rl
, 97U
074
Ask
.80
.23
11
03
.17
074
13
.71
10',
0."
.01
01
.01
.10
m
01
.15
21
70
:o
Ask
074
ino
108
1
SPECIAL NOTICE
To Holders of American Pipe Manufacturing Company Collateral Trust Certlfl.
t cates, Series "A," Duo October 1st, 1927
?eiauln!!fanVKo5 i!f "V?,a,do lnJth" Pent of the interest and Sinkihg l
Fund due October 1st, 19". under the terms of the Trust Defed dated
ucwoei- !" 1 "'"' Y" iusi company, Trustee, executed by the
ridCunK
ucrs oi saiu
Portlflcates have formed a Committor ?J i.K. Jj"tJl:?" '
The Committee invites the holders of said Certificates to' flnntt ,
on or before December 16th, 1917, with Th" Land le I TwatKoai.?
Broad.ti Chestnut Streets, Philadelphia, Pa., which has been annoS
Depositary, and Certificates; of Deposit yr.ll 'be iisSed" ?"h"S0PCertih
cates under tho Protective Agreement, erwin
The Committee requests that the holders shall deposit their Certifi
cates promptly, as the right of deposit will ,expire on December StS.
PRICHARD SAUlT " " Prvided ,n the Agreement "
BAYARD &'EVAhfs,
UOUHStt
f
COMMITTEE
SiKDJLA- SIMPLM,
m
vv
i
(as.
-
P1JUHU
hnW
m,-TimmBm , "
SM. " ')
" 1 u ywiwsi'"'i"'i"wu.
Jy W
urn -irnr -mfnarBst"
iZttaan
-eft
' 'iurz. -s