1 (!? - (.-.. ,," ' - E.JttaaL.jm TH j SiXkl. ' t'ft If KKILLY, IROCK CO. ANKERS JBVfiOTNG MDGBR-PMILADJSLPHXA, WJ3BKESDAY, NOVEMBER 7, 19JL7 If INANCIAL NEWS-NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATJO maI MSPEpfev SHORT TERM MBjBfte' RAILROAD HBisir v and ' MH PUBLIC UTILITY K4 "' ' ISSUES Bafi$ t- DUE 1918 AND Kit bbhtVuSIBI KjyrajJHa RvfiaF , TO NET FR0M 6 TO 8'4 DETAILED OFFERINGS ION REQUEST J0G CHESTNUT STREET rilliaUKI.llllA NEW YORK STOCK MARKET ENDS DAY WITH LEADERS MUCH HIGHER Buying by Banks Causes Upward Trend Follow ing Weakness at Opening Railroads Respond to Expectations of Rate Increase November Investment Suggestions Our current general circu lar contains a carefully se lected and well diversified list of high-grade bonds available at attractive prices. This circular and our com parison of January and cur rent bond prices will be of interest to you if you are contemplating an invest ment. Send for November circular und Price Comparison 1; 142 The National City Company 1421 Cheitnut St., Philadelphia High Points in Today's Financial News Slocks advanced In Wall Street after opening lower. Hanking buvlng and expectations of railroad rate Increase helped bull side. Curb market showed Improvement. Corn higher. Cotton Irregular. foreign exchange quiet. Re port of the JUdvalc Steel and Ordnance Company for quarter ended September 30 showed net profits of $8,0MSS. as against S8.H8J00 for the previous quarter. Thc'lron Cap Copper Company declared an extra, dividend of SO cents a share. Mar silver was lower. New York" noiton Chicago Sun I'ranctaco Flttsbursh THE HAVILANDARMSTRONG COMPANY STOCKS BONDS 1418 WALNUT ST. PHILADELPHIA HEW YORK-BOSTON INTERSTATE OIL ft REFINING COMPANY 33 PRODUCING WELLS REGULAR QUARTEREr OPlOEKCJ INFORMATION UPON REQUEST BARNETTOIL& GAS COMPANY 1a one of tho leading Independent (divi dend) paying oil companies. Paid 23 in dividends last year. Active dally market on the New Vork Curb at around J. 1007 over and above par. Jin Investment seldom rrubUclr offered, even In thl rrcord-makfnx period In oil WE DO MIT I'll IKCK IWOKKKAUE OX UAH'S KTT For ull and detailed Information E. H. CLARKE Morton R. Alexander (UeslJent Partner) I'lionr 114U Miruce Stork Lxrhni Utile., Phlla., P. 27 William St New York Newark N J, w: AETNA Explosives tf Net Earnings in third J quarter over seven times as great as in first quarter of 1917 fll Now in a financial posi " tion to handle large or ders successfully IT Favorable readjustments of French contracts tf Large orders from United States Government pending gfl These and. other facts of importance contained in a special analytical reoort outlining the future possibili ties of Aetna. Send for 165-T.O. JOHES & BAKER STOCK UltOKKItS Widener BIdg., Philadelphia l.Vew York Clilcaco Hell. Walnut 1000-1. Keystone. Ilace 2290. Direct Prli-afe Wlrei. Huston Plltibarih JOSES i BAKJM. Widener Bldo.. Philadelphia. Pa. You may send me your report 165-T.U. Satnt i Xdirees . -. .. ,,., CUu Btati NEW YOHK, Nov. 7. Tlio trading clement In Wall street was confused today by tho manner In which the stock market acted. Nearly all those trying to base their operations on surface Indications took the bear side at tho beginning of business, basing their operations on a belief that Uio election results' und tho news from Italy would bo new Incentives for resumption of liquidation, but after these traders put out fairly large lines of shorts they found they were meeting aggressive banking buying, and quickly started covering. Tho Street was full of talk about u meeting of prominent banking Interest having been held late oil Monday, and it was assumed that tho object of this meeting was to take steps to stabilize btock market movements In tho same way that the Morgan firm stabilized sterling exchange. It was current gossip that favorable developments were expected by banking Interests from Washing ton and, token altogether, tho market sentiment was more cheerful than It hud been for sonic time. Tho movements of tho leading stocks made this cheerfulness more pro nounced as the trading progressed, with prices moving up alj through the list from 2 to 7 points, and with railroad stocks making a good response to tho expected Increase In freight rates on which hearings aro now being held by tho Interstate Commerce Commission. The greatest gain was maIe by Reading, which, after selling at 61, advanced to OS. Marino preferred moved up from 954 to above 100. United States Steel common from 91 to above 95, and Beth lehem Steel B from 749i to above 81. Other stocks followed these leaders, with the demand Increasing with u vigor as higher levels were established. Liberty 34 were piessed on the market, selling In large blocks, and de clining to the new low record of 99.48, leaving out of consideration the sales In the summer at 99, which were only in $100 bonds. Not All Selling for Speculative Account A study of recent movements of the Stock Hxchangc convinces one that not all of the selling has been for speculative account. Tho machinations of tho group of raiders that has been plying Its reprehensible trade until recently has aggravated the situation, but the most damaging telling has been in tho investment material. It might be argued, of course, that the latter is merely a product of tho former. But on tho other hand, a market that Is purely speculative In the char acter of tho selling must sooner or later rewound of Its own accord. And this has not happened. On tho contrary, each decline has been but the signal for another of still greater severity and magnitude. Last week the average decline In all stocks listed on tho big board was about 34 points, a very large figure when ono considers that approximately 330 individual stocks were traded In und that a 10-point break on tho average Is considered the manifestation of unusual disturbance. In bond values that Is, of corporate issues tho average decline was 1 points. From this tho severity of Monday's liquidation movement with its numerous defections of 4 to 6 points, may be Judged. Another Idea of the drastic nature of the liquidation may be had from the fact that the yields available today on preferred stocks aro tho largest obtain able it many years. A list of twenty-six of such shows an average return at tho present market of about 7.4 per cent, as against an average of less than 6.5 per cent only a few months ago. In some instances as much as 9 per cent can be secured on preferred stocks whose dividend now as well as in the past has shown ample protection in the way of earnings. Traffic Volume Must Be Doubled Wall street's Interpretation of tho railroad situation coincides closely ?;ith tho statement by President Smith, of tho New York Central, before tho nterstute Commerce Commission, who sums up the situation thus: That If, In view of the enormous increases in operating expenses, tho carriers aro to earn their fixed charges this must not be confused with dividends they must carry more than double their normal volume of tralllc and this without any addition to plant Investment. President Wlllard, of tho Baltimore and Ohio, explains the decline In the stock when ho says that it is doubtful If the 5 per cent dividend on the Junior shares will be earned this year. Holders of railroad shares feel confident the carriers will receive what they are going after, viz., an increase In freight rates. But they aro aware also that while higher tariffs will Improve tho credit of tho companies It will not prove n curative for a badly strained capital market. When stocks like Great Northern preferred and Northern Pacific sell to yield 74 and S per cent, It Is evident that the trouble is one that goes far beneath the surface. With tho Government in competition for funds on an unprecedented scald, and no prospect of relief until after the end of tho war, how can the cost of capital to the railroads bo relieved,' except slightly? Discount of Short-Term Paper The suggestion that tho Federal llescvo banks discount the renewable short-term paper of the railroads is significant. If 't costs tho roads G and 7 per cent for new money If it Is obtainable at all what will be tho range of railroad common slocks? Can they bo expected' to sell to yield less than 8 or 9 per cent? Tho Studebaker dividend calls attention to tho fact that from tho high levels of tho exploitation campaign tho stock has declined to a point where it has wiped out a market valuo of $48,000,000. Maxwell Motors shares at one time sold at the equivalent of about $271 for tho three Issues. Today their combined value Is about $85 and tho second preferred stock is selling at one-fifth of Us former value. STOLEN LEATHER RECOVERED $1000 Worth of Material Found Se creted in a Barber Shop One thousand dollars' worth of ptolen leather was recovered early today when two men were arrested by the police of the Third and Itace streets station, who believe the attests will clear up the mysterious disappearance of large quatltles of leather In the neighborhood of the police station. The two prisoners, Salvatore Dlnaro and Salvatore Pappe, used a barber shop on Fourth street, near Arch, as a rendezvous, according to the police, Pappe formerly having been employed there and having a key. Dinar was arrested shortly after midnight by Policeman Johnston, who found the leather In the shop after he had ques tioned the man. Later Lieutenant McBride investigated and found Pappe In the shop. The men were held without ball by Mag istrate Klsenbrown for runner hearing. The leather belonged to C 8. Rldgway, 333-35 Arch street, whose place of business is separated from the barber shop property by a fence". INACTIVE NEW YORK STOCKS Folloving are quotations for inactive stocks listed on the New York Stock Ex change 'and In which there were no trans actions today. The price given is the last previous sale: Men Central ...111) Minn It St I. new in Morris & Essex. . 8U4 0K,,,.AE.?"Sx.v' " A n S A r ctfa 102 A II H 4 F til nMlll A II S & F pref..H5 Adams Express .11.1 Advanc Ilum.1v 1! j:.H' ...7" . 7.T.. 11""- b"'r p Auvnnce ium pi. ziw M ht p a R m uk Allls-Chalm pref. T7S M stPASSU S'ifS Am Aar Chem... 70 Mo Kan & T rJi k Am Aar Chem pf ns Mont Poe? . '4 ntt. ..nfc uum . n. .-viont l'ower ni-f ini Nat niscult si) Nat Jrfad 43 Nat lllscu t pref 114 v.t -! jl a. . n.. Am Smelt pref A l2 Nat Knm sin if oi Cz v.. wel 1Bt pr 4 'Munonlns Nuenuusv Kwr. & Litlit S,. lu.i 'ranlon & iinea-uarre Traction n. ,u., !&?"w?r& Vaba.h Valler Traction ?,; JJJ ,erlen I'lptv ", Cjn.trurtlon her. o. j;i l.,lvanla Coal Coke Her. "A" B. J Isttfea nan w -" - ".ih.u G4, in SAMUEL K. PHILLIPS & CO t itl CHESTNUT BT. DIVIDENDS THB TKNTH NATIONAL HANK navemoer Din. tni ft board of Directors have tbla day; declared '1 .lnWpJK HAniKR ra.hier. HUC KKfolNOTON NATIOVAL BANK ft- uirnrii iuh riaiwiiivnilh ',. '" Mm Directors have this day declared a semi. ii (twaswl Oiviaepa oi jour i( per rent z) p.r dtSrviand an ltra dividend of au l) per cent, Syabl on demand fra of tax. nW.J -V w.j.Krcj casble. XimYKWKtiTiaiN NATIONAL 1IANK rhlladelffbla, Pa., November 7th. HIJJ '1 he olractorji oav tnia aay declared a aeml Btropat ilvWeid of Icbtll) pr eet. clear of uaiiilfr. lat MWtir X.TtX.L HANK PMUaUafel. November 7. IfllT. . V J""H! TJBiMbI 7 "F I w Refined Sugar Unchanged NEW YOItK, Nov. 7. The refined sugar market remains unchanged, with the Amer lean. National and Pennsylvania Com panies quoting fine granulated at J. 35c. Thb Federal and the tVarner Companies and Arbtfckle Brothers continue withdrawn. Last sale in raws was at.8.90c. ' Extra Dividend by Iron Cap Copper BOSTON, Nov. 7. The Iron Cap Copper Company has declared an extra dividend of 50 cents per share on the common Btock. payable December 1, to stock of record November 15. i Second National on 14 Per Cent Basis. The Second National Bank today declared a semiannual dividend of 7 per cent, pay able today This dividend H now the regu lar rate. Previously 6 per cent and 1 per cent extra has been declared, Cynwyd Women's Club to Meet An all-day meeting of the Woman's Club of Cynwyd wilt be held today, beginning at 10;30 a, m.. in the Presbyterian Church, Cnwyd, The morning will be devoted to lactureu on timely topics and the afternoon M i o clock, a wrtbtt Am Can fcrpf 3 Am Cotton Oil... 3it Am Express ... pit Am Ice pret 4R Am i.oco prel . . im Am Smelt 11.. . . no Am Sumatra pref OS Nt Hit Mex nref 4 Am Tel Cable. ,. Nt Itll Mex 2d nf Rni! Am t t sa pr. 2Va N O Tex t Mex Am Zinc It U pf. 40 NT Dock '" rru Asso IJ O 1st Pf B2, N Y & St U ' ' M Asso Oil flUj Norf South '.' "it! Atl Illrm It All.. 1S Norf & West pref 70 At an O It W I pf IIOU nhiV. v.i ' ""' IS'" Mala Iaco pref ,. H4U Ohio Gas r'ts ni llalt & Ohio pref 0J Ontario T nilve'r '! : 82 co prer ion Pan-Am Pet pref on Pan-Am Pet prior Pref ct eg Preed 811 Car pref 9H Peoria. East... 4U AM Ilarrett Rein Steel nref.. HI Tlrkn Vn Oks. ,103 Iirown Shoe 71 nutterlck ini Cal It So 1st pref BO Cent Fdy So Pera Marquette uent reamer Et..liiVi pitta rv.ul nr.r JC;nt.8,Am Tel..IJfV4 Plerce-Arrow .;. Chj Alton 11 Pierre-Arrow pf CM It Alton pref 2K Quicksilver ..... Chi N V pref. 142 Quicksilver pref Cluelt-Peah'dy pf.llo Keadtnc 1st pref uoi s io ist prer ninj Heading id pref Col-i South r-ni a tin .1.1 Con O E X. It P IloS t.if Pere Marauett pf sjli 7S 32 82 1 H S4 3.1 I on ni tai sun livj seaboard A u pf. IS -wiit au urri... hi neara-jtoeDUCK of Continental Ins.MU stand Mllllnic bf Cont Can Contlnenti Cuba Am Cuba Am Hue pf.103 Del Ijick a W...1SB Detroit Edison. ..12.t Den t Mo Or Elro Stor Bat... RS Oeneral Clxar. ... S6 ClAn f1mm nv flfi' Ooodrlch n K p'f'ioo ouif a sti ist pf lox llartman Corp . . 62 IllViiU VAmn .1111 iiomestaka Jlln. .10 xrlcul !!4 TtV Hfl flnrln f na 42V4 St I, S P pref". 2Si -: .. .- .i urn, B Seara-Itoebuck pf.117 Hlonrt Milling Kr t! Suisr.nn standard Mill ' ssu Hup Steel 1st pf.lon Texas Co rts.,., iu Tidewater Oil ...205 Tobacco Prod pf. 9.1 T St L A W..:. fl! T HI I, I W ctfa 8U J 81 L W pf . . 8 Trsnsuf-Wms . . , ss Twin City K T.. 7n ;nderwdTyppf.li', Un CTty Htra pf.im Tin naasVvP naiaa O't ITntd Drur lat pf bo I larv.N J pf.tllH Untd Drua- ad if ?k KMf inu i.t.-.a r.u- ...." .svhts wiiuru 17S tvooa sta. UOli 1st nref Yt v. Express 101 J. ir 8 IT H U H O I P fe pf Health Tmn U 8 Realty Im pf Int Ai lnt 11 int Nickel pi lnt Paper nf Iowa Central .. iowa ueni prez jewel tea , . H .y r-.V"t. 2' Va'AroTcTC .. 15 Iarlllard ?o v.. J J:is Uckr. Co ., 71 vrlll l'fl ft rf ttan Tlai-H xi.ia j-. Manhattan liraon fiaa ct ...,.,,., ax Motor :a ni. , Oil ''Sid JK! Central .:. 8 ?2 NEW YORK STOCK SALES Illth AJax Rubber 81 Alaska Oold Mine. 31 Alaska Juneau ... S Allls-Chalmers Co. 17i Am Beet Sugar ... 73 Am Can 34U Am Car & Fdy Co 1H Am Int Corp 53 Am Hide & L.... 13 do pref 34 Am Ice Sec 10 Am Linseed 23 do Href 60U Am Locomotive. . . 52'i Am Malt 10 do pref fieni Am Smelting 73 do pref 102 Am Sum Tob 33 Am Steel Fdy.... 84 Am Sugar OS do pref 110U Am Tel & Tel....H0M Am Tobacco , Am Wool 30 do pref 01 Am Writ Pap pref 21 Am Zinc & Lead. . 13 Anaconda 86n4 Atchison 3t4 do pref us Atlan C Line .... 07")i Atlan G & W I.. 06 Baldwin Loco Br.lto & Ohio Barrett Co . . Batopllas . . . Beth Steel . . . do B do prof .... Brook H T Hums Bros . . Low 51 3 16 78 31 SO 81 114 52 H 10 23V4 80 40i 10 58 71H 102 53 H SIVfc 01 100 100 172V4 0 33 01 2014 12H 32 Vn 83 83 07"4 01 B1V4 BO 88 Close St S?4 3 17 - 72 83 61H 33 13 634 10 23 60 B1T4 10 86 7494 102 34 84 03 100 110V4 172H 80 01 21 13 83 Net chg;. H 1 1 2H iy 1H 1W V, In v 2H 94 iy 3V4 W 1 n i Vn 2, H4 . 864 . 83 . 88 , 1 . Kl'.i . 8H4 . 08 . 40 .101IJ4 H 1 841. ',4 88 3V4 3 1 Butte & Supo Cop 17 Y Cal Petrol 13)i do pref 31 Canadian Pac ...137 Cnl Packing Co... 36 Central Leather... 6IV4 Cerro de Pasco . . 30V4 Chandler Motors. . CO Chesa & Ohio .... 46n4 Chi Gr West 7 do pref 20V4 Chi M & St P . . . 40 do pref 76 Chi & Northw 06 Chi It I & Pac t c. 10 do C p c pf t c. . 42 do 7 p c pf t c. . 32 Chill Copper 14 Chlno Con Copper 30 V4 wiison .Co pref worm F M... 26 w.r saaia Col Fuel & Iron Col Gas & niec. Consol Gas Cont Can Corn Products. . do prof Crucible Steel... Cuba Cano do pref. . Deere Co pref. . . Del & Hudson. . Den & It G pref Dome Mines Distill Securities., Erie do 1st pref do 2d pref Gaston Williams., General Elee Co., General Motors . . do pref Goodrich B F ... Granby Mining . . Gt Northern pf. .. do Ore subs Greene-Can Cop.. Gulf States Steel. Haskell & Barker. Illinois Central Int Agrlcul pref. . Insplr Copper ... Interb-Cons Corp. do pref 33 20 '.4 86 70H, 274 80 B5T4 Sugar 28 78V4 00V4 00 15 7 38 13 23 17 31 130 83 75 36 67 02T4 23 4 36 80 28 07 32 41 7y 40V4 Int Harv of N J. 101 Int Mer Marine do pref Intcrnl Paper .... Int Nickel ........ Kansas City South Kelly Springfield.. Kennecott Copper. Lack Steel .....'. Lake Erie & W.. Lehigh Valley . . . Lee Kubber & Tire Louis & Nash Manhat El... 27 09T4 23 27 14 30 2094 73 9 53 14 114 00 Max Motor 1st pf 57 do 2d pref 15 Mex Petrol 78 do pref 88 Miami Con Cop.. 27 Minn & St L new 10 Mldvale 44 Mo Kan & Tex.. do pref Missouri Pacific. do pref Nat Acme Nat Con & Cable. 4 7 23 42 26 22 Nat Enamel & Sip 35 78 74 04T4 47 101 15 12 30 133 36 60 30 38 41 0 20 37 75 95 16 40 30 12 38 31 27 83T4 76 23 88 61 21T4 78 00 08 13 7 32 13 21 17 31 127 80 73 33 63 80 22 33 77 27 04 30 30 6 45 103 21 05 24 25 14 3714 27 08 8 51 14 113 09 31 14 71 88 25 0 41 4 7 10T4 II 26 21 31 43 16 00 65T4 21 18 07 05 6S 83 88 1 81 8 81 6 08 2 47 1 101 17 13 31 136 36 63 30 60 46 7 20 Vn 2 1 2 V 1 1 30 75 1 06 18 43 C3 14 30 33 20 85 194 1 1 94 1 1 94 70 3 !7 89 55 26 78 09 08 15 7 35 15 22 17 31 127 1 1 9s 4 ' 1 8 1 1 83 73 30 67 02 23 36 80 27 1' -2 1 2 1 2 05 33 4094 7 46 1114 20 00 23 27 14 30 2094 72 0 53 14 114 09 87 15 77 88 27 10 94 1 1 2 2 1 1 2 1 94 2 1 294 4394 294 4 .. Nat Lead 43 Nevada Con Cop. 17 N V Air Brake... 101 14 New York Cent... 6894 N Y N II & II.... 24 N Y Ont & West.. 18 Norf & West 104 101 North American.. 48 47 North pacmc .... 85 Nova Scotia Steel. 77 Ohio Gas 35 Ont Silver 4 Owens Bot 80 Pacific Malt 24 Penn It R 48 Peo Gas & C 42 Pere Marq w I... 14 Phlla Co 2694 Pitts & West 24 do pref 56 Pitts Coal 41 do pref 70 Plerce-Arrow .... 31 Pressed Steel Car.. 52 Pub Ser Corp N J. 110 Pullman Pal Car.. 131 By Steel Spring... 37 Hay Con Copper . . 21 Heading 67 Itep Iron & Steel . 73 do pref 04 Royal Dutch 61 Saxon Motors .... 894 stiiSr is Savage Arms .... 00 Seaboard Air Line 0 84 72 3294 4 80 24 47 42 13 26 22 54 30 77 31 50 110 131 86 10 01 60 91 1 4 14 67 0 135 18 83 30 79 130 .33 23 54 35 37 1194 1194 134 18 43 86 7 2294 41 20 21 33 43 17 101 67 2IJ 18 104 48 85 72 194 1 1 4 1 1 3 1 2 1 2 33 2 80 , 24 48 42 14 26 23 86 41 70 31 s: no 131 37 21 67 1 1.94 C 1 1 2 , "h 1 94 1 5 Sears Roebuck . . ..141 Shattuck Ariz ... 10 Sloss-Sheff S & I.. 36 Sinclair OH 81 South Pacific .... 81 South P O Sugar.. 150 Sup Steel 33 Southern R R .... 2594 do pref S6 Studebaker ...... S Stutz Motors 37 Tenn Cop & Chm.. 12 Tex & Pac 11 Texas Co 140 Third Ave RR ... 18 Tobacco Prod .... 46 Underw Type Co. 86 Union Pacific ....113 ill do pref 73 73 United Alloy Steel 37 36 United Clg Stores 88 85 United Drug .... OS 64 Unit. Paper Board 18 15 United Fruit .."..IIS 110 United Ry Invest. 6 6' do nref . 14 12 rUSC Iron P & F 1194 11 do pref 48 48 U S Ind Alcohol.. 110 106 U S Ind Alco pf. 91 91 U 8 Rubber .... S3 so do 1st pref ... 98 98 U S Smelt & Ref . . 41 4294 do pref ....... 48 44 UB Steel SS94 91 do pref 109 10f Utah Copper 76 71 Va Car Chem ... Wabash ... do .pref A . . . . do pref B ... , Wells Farso Ex 7294 2 01 19. 61 15 57 9 141 19 38 31 81 lStf IS 85 88 36 37 12 1 1 1 94 1 S 1 194 1194 139 18 46 2 86 1 1" 1 78 1 37 .. 85 .. 64 18 .. 11 .. " 6 .. "y 1194 1 48 9. 109 91 6294 "W s .. 44 1 Illxh Low Westlnghouse Mfg. 39 36 WoolwcTth 11494 1119 do pref 118 118 Worth P & M pf B SO 50 Wheel & V E 9 8 do pref ,, 19 18 Wilson Co 45 48 White Motors ... 36 35 Willys-Overland.. 1894 17 do pref 71 71 Net Close chx. S894 ?4 11194 y 118 80 9 19 15 36 18 71 1 94 294 1 94 1 . Total sales. 018.100 shares, compared with 1,074.000 shares yesterdays thus far this week, 1,01)2.100 shares; same period last week. 875,400 shares. Sales in Philadelphia nuti. 450 Alliance Ins. 1994 100 Allls-Chalm. 16 100 Beth Steel B 78 138 Brill J G... 11 Cambria Irn . . 20 Chi Gt West 894 Con Trac NJ . . 283 Elec Storage 18 Gen Asp pref . . 300 Int M Mar pf 0894 100 Ins Co N A. 21 200 Kennecott .. 289. 210Key Tel .... 10 1873 Lk Sup Cor. 1194 1261 Lehigh Nav. 66 710 do war w I 7 152 Lehigh Vol.. 8394 705Penna It It. 18 Penna Salt. . . 80 Phlla Co 27 1500 Phlla Elec. 25 420 P R T tr cfs 21 Phlla Trac . . . Railway Gn . . 336 Reading ... 67 eoo Ton Belmont ,394 175 Ton Mining. 494 179 Un Traction.' 40 633 Un Gas Imp 60 5177 U S Steel... 05 600 Westghse El S 30 West Coal.. 76 30 Wm Cramp. 74 123 York Rwy .. 8 Low. 19 1694 78 10 'e4 47 97 24 28 10 1094 88 8 61 47 27 2194 21 61 3)1 4 40 6894 01 37 76 71 8 Net Close, chxe. 1094 ! 16 76 11 flS 69a t67 17 51 06 21 28 10 1194 08 7 53 1894 too 27 25 21 t'O tl 67 S 494 40 60 01 38 194 9 H 2 94 1 74 ' 1 8 -A ',4 .. 1 2.94 394 78 :i ..' 8 tQuotatlon given Is Monday's close. 27 26 774 7 10 39 20 1994 79 76 11 1294 95 109 78 27 794 40 20 IB 2 194 Total sales, 16.137 shares, compared with .10,100 shares jesterday. Thus far this week 40,5411 shares; same period last week. 18,872 shares. BONDS Net High. Low. Close, chxe. 8300 Elec & Pcop Tr 4s ... 74 71 71 1000 K Tel 1st 6s 03 03 03 1 17330 Lib Bonds 3S p c. 00.56 00.50 09,80 .06 3000 Leh Val Coal ' - Bs 101 101 "101 3000 Pa temp ctfs IHs 91 01 9194 43000 Phlla Blec 1st Gs ..08 979i 06 ' Vt 3000 Reading gen Is 85 85 85 2 1000 Read-Jersey Cent 4s. . 87 87 . 87 TotaV sales, 120,350, compared with 137,800 yesterday; thus far this week. 107.150; same period last week, 1124,050. INACTIVE PHILA. STOCKS Following are quotations for Inactive stocks listed on the Philadelphia Stock Ex change and In which there were no trans actions today. The price given Is the last previous close: Amer Oaa 00 I.eh Val Tran..., Am Gas War 1VS Leh Val Trnn pf, Am Mill OH Lit Dros Amer Stores 33 4 Little Schuylkill'., Amer Stores pf.. 02 Mlnehlll HrlU JO 20 North Cent Hurt It Husque.... BO PUT.. liurr ft susq pr. . no un cos or n j Cam Steel Oen Aephalt . . . . Keystone Tel pf. 115 17 01 IV J It .Seashore. York Ilwy pref... 37 H 38 84 U Bl 551 11 26 0IMA 341 Local Bid and Asked Today American Stores Jlrlll (J O) Hurt a. Susq t c. do preferred . . naiawin Electric Storare 47 General Asphalt uo preierrea Keystone Telephone . . dote... Lake Superior Corp. . I.ehlxh Navigation . . . I.ehlah Valley Pennslvanla Phlla Electric Phlla Company do 0 per cent pref. . Phlla Rapid Tran t c. Heading ... Tonopah Del T 20H 34 24H 117 lmont 311 Tonopah Mining- 4H Union Traction In United (las lmnvt so United States Steel.,.. 4K York Kallwav K do preferred , 32 Wm Cramp & Sons.... 73 Aionaay lid ask Jim ASK 82 34 32 34 10 18 .. 18 B7 .. 57 110 48 BO 48 BO r, r,r, 61 .S1U 47 4K 4SSi 411 IB 17 13 17 no B4 OH 10i OK lOVi no in .. . . u'i 11 inn liu .'.7 A7H no B6V MV, 04 52 62 4H 4K: 4R'i 4SU 2.1V. 24 24 27 27 28 .1.1 33 35 .. .14 .1.1 t)7',i 62 3IJ 31 4r 4& 38 (19 914 in 11 o 87 9 35 73 2. 311 40 02 74 Aeu; York Bond Sales lllch 33230(1 AnKto-Prrnch Bs 01 1000 Amer Hide & L 6s.... 100 3BOOO Amer For Sec 5a .... 04 2000 Amer Tel clt 4s 82 2IMI0O do 6a 93 2000 Amer Writ Paper 6s. S3 1000 Ann Arbor Is BrtS. 0000 Atchison xen 4a 84 ooou Amer bur- iiei 4s.... lis 1000 Bait & Ohio 4 70 11000 do cv -4a 70 2000 Brook It T 6s 1018.. 04 1000 Iiush Term Bs 1000 Hush Term lildr 4s. 000(1 Bordeaux As 1000 Can Oovt Ba 1020... 6000 do Bs 1031 5000 Cal Oas Eleo Bs,. 1MI0O Cent Leather 1st Bs. 470DO Chill Copper 7a . . , . . 70(H) Ches Ohio cv 4 a. 40000 do conv 8s 78 1000 Chi It Alton 3s 36 10(100 Chi Ut West 4s B0 74000 ClliQ Joint 4s ... 03 lOOO do re 4s 1000 Chi Ind & West. 4s... 6.1 1000 C M It St P xen Is 25s HO aoou do conv os 7000 do rfd 4a 31000 do cv 4a 18000 C R I & P rfd 4s 2000 do 4a 20000 City of Paris 6s ... 23000 Con Oaa conv 0s , . . 1C00O Cerro da Pasco 0s... 2000 Corn Prod 6s 34s... 6000 Den It O 4 . . . . . 1000 Detroit United 4s. 2000 Erie xen 4s ........ 77000 French llepub 6a.. 1000O Oranby Co As BOOO 111 Central 4a . . . . . 1700O Interb Met 4 ... 8000 Interb It T ref 6s .. 08000 Int Mer Mar 0s .... 6000 Internl Pan ,6a .... 10000 Japanese 4a ..... uouu ao new u a i?i 1000 Kan City Ter 1st 8000 Lorlllard . 7 . . . . 1838000 Lib Honda SVis.. 111IUWI ..Ha 4a iwu liohi m "t 5000 Marseilles 6s ....... ( BOOO Mex Pet Co 6s Ser A. 100 BOOO Minn St I. 4a ..... 43 2000 Minn St P- 8 B M la. 88 83000 Mo Kan T 1st Is.. 89 6000 Mo Pao W L 6s 1028. 004' 1000 do 5s 1026 ....... Sen 187000 do am 6 B4 4700 N T C a I ta 4 100O N Y City 4; 186S..100U 1 fRnnnn An 4V4a 1865 rex. .101 3 2000 an 4 a Nov 1057.. 100 1000 N Y Ont it W 1st 4s 63) 1000 N Y Ilwy adl Bs,., 2000 N Y Tel xen 4i Low 90 100 94 82 Si ft 06 79 B H4T 02 02 U1 , 70 an 68 :ioe 00 100 04 K2 04 S3 IV 06 Z2 70 04 IS8 81 S2W' 02 02 Sol? 70 73 86 68 02 03 3 SIS 5i$ 80 80 HHSa. I'll' Ilia' 67 67 ,67 78 73 784! 68 63 03 Vi 76 76 76 86 811 86 00 i 00 0i, 102 li 1023 102 06 08 oe 64 04 84& 78 75 7B 72 71 71 05 04 9.1 88 08 08 42 40 40 61 60 Bl H4U 84 84K 01 00 oin 100 100 100 T88 , 88 88 77. 77 77tl 70 78 70 ...110 110 110 W.60 PH. 4 IIO fUl .100.02 100 100 soon Nor rao xen .,.... 22000 Penna xen ct 4 a.,. 1000 do ! ......... 2000 Pere Marauett 6s.,, . 7000 Readlnxxen 4a,...., 10OOO Itepub Cuba 8s 1914.. 12UOO Rap-Ir U 6a 15000 St L A 8 K alt...... 80000 do In ...,. ....... 87000 do Sir A ......... 1000 do Ser II .......... 24000 San A, A P let.l;.. 18000 Seaboard A L adj 6s. luwi fiA.fth Hall &a. ....... 14000 South Pao cv 4s., 82000 do cv ss... 68000 South Rwr n 2000 do o .,......,,... inoil Texas wi vm cvooo u 40000 2000 It AAA !:- . -tt tm 2UUU ao xa Mv 2000 Un Rwrs J V 89 'AO VI 86., 8 05 80 4S BSi iO 41 m ;;: lk ft n ...... 99 60 U 8 Rubber S; 78 7711 IT 8 Steel 6s.. .. 8IU 85f Union Pao 1st 4a..... 8 aSU do cv 4, g4 84 An rfd IS 86 XO 2600 Un Rwriif 4 (iet 28 (sg 174000 fj K of .O B I 6a,.l6o. '? 80000 do SH ! 0 80 J 9 oa tmtwf...., J UV o 5a Pw 1919.. Bin git! Rwya 6s,, 80 aj it Uhr,ls ...... ko ta' 80000 .do stooo do 10000 do'. Boon va it 6000 Wlscon Cent seji 4s . 71 71 ' 71. Ttat sales. 4..8., comoared nltk M.in, 1 OM 7-hm. -4nitJF- &. mMZmtl CURB MARKET SHOWS STRENGTH ON BETTER OUTSIDE DEMAND Increased Cheerfulness Follows Election and Disposal o Bond Issue, With Greater Vigor on Buying Side. ) Motors a Weak Spot ' 'j NEW TOnK, Nov 7 The Curb market showed strength In many stocks with a better demand t I outside sources than had been In evidence for several weeks past. Tho k! prevailed In some quarters that with election over and the bond Issue f " time a closed incident, that increased cheerfulness Is a natural sequence ad " belief was confirmed by tho greater vigor shown on tho buying side in ! tbi list., '" lM 8MJ .. . . - '! inere were some exceptions to this display of strength. The motor -were conspicuous because of their weakness. Chevrolet nMtlnr nt . .. '8C4 United Motor making a new low record, selling at 1G. '" " Airplane stocks were steadier. Interlubo Chemical was.strong wltii at 2?4 to 3U. Aetna Explosives sold at 4?4 to EU; Air Reduction at 72- s,,l H at 11U to 13, and North American at 2. ' 0UDm" .Oil stocks were generally strong after the initial trading. Mcrrltt sold from 24 to 23, and then recovered Us loss. Midwest sold down to 99, Wiy, to 105; Northwest sold at 70 to 7B cents. Cosden & Co. traded in at 7H to 7U,'1, Mining stocks were irregular. Magma sold at 38 to 36; Nlplsslng ?' Mason Valley at 4, and Emma Consolidated at U. 'X; Mon. close Ask (Sale) 71 INDUSTRIALS Bid air induction 70 73 Aetna Explosives 6 8,4 Amer-Brlt Mfg S 10 Amer Marconi 2 ZVn Amer Writing Paper, i . . 2 2V4 Canadian Car Co 18 20 Can Car & Fdy pref.... 10 80 Charcoal Iron 7 8 Chevrolet Motors "69 81 Cramp 70 80 Curtlss Aeroplane 28 27 Carwen Tool ' 7 9 Carbon Steel 70 86 Emerson Phonograph .. 1V4 5 Federal Dye ....'. s 10 Hendee Mfg 15 25 Intertubo ; s S"4 Kathodlan Bronze pref. . 2 Lake Torp Boat 8 4 Lehigh Coal Sales 64 68 Lima? Loco is 65 Maxim Munitions 94 "(4 Marlln Arms 91 N .Y- Shipbuilding 28 33 Nor Ahier Pap Pulp.... 2 2 Otis Elevator 15 10 Peerless Motor s 11 Poolo Eng 70 80 Redden Truck 15 .. Scrlpps Booth 18 S S Kresge w 1 75 80 Standard Motors 714 b Steel Alloys 7 Submarine 124 131,4 St Joseph Lead 15 15 Todd Shipbuilding 70 80 Triangle Film 94 1 United Profit Sharing. . . if, U S Steamship 3 a United Motors 18 184 United Sugar 30 35 World's Film si ik Wright-Martin Air 7 .7 Zinc Concent 1 2 STANDARD tllL Illinois , 185 Ohio 290 Prairie ripe 80 S O Cal 213 S O N J 5U SON Y 231 INDEPENDENT OIL STOCKS 63 21 or. 214 12 15 24 Vn 3 17 Yt "4 09 105 105 245 218 S10 238 Barnett OH & Gas 1 Cosden & Co 7 Elk Basin .........-.., 7 Federal Oil 2 Inter 'Petrol 114 Houston OH ie Merrltt Oil 24 Midwest Ref 104 Met Petrol ia Ohio- Fuel 14 Oklahoma Ref 694 Osage ITomlny ,.: a Rice Oil , Sapulpa Ref 8 Sequoyah Sinclair 14 United West Oil 14 74 7 3- 11T4 19 24 106 T4 19 6T4 6T4 84 T4 18 H 21s 14 '74 2T4 12 17 3 105 ?4 8 694 ft 4 n MINING STOCKS Bid Alaska Standard 5 Atlanta Big Ledge Blsbce Copper (a pros). Butte Oop & Zinc Butte New York Cal & Jerome Con Arizona Emma Cons First National Goldfleld Merger 4 Ooldfield Cons 3 14 4 6 94 1ft 194 4 10 8 ft 44 3 3 T4 Ooldfield Florence Ooldfield Kewanas ureen Monster Hecla Mining Howe Sound Independence Lead Jerome Verde Jumbo Extension is' Magnate Copper ...... 94 McKlnley Darragh 69 Magma Copper 35 Mother Lode 274 Mines Co of America... 114 Nevada Hills 5 Nevada Wonder 1 Nlplsslng 714 Ohio Copper Ray Hercules j' Stewart San Toy 10' Tonopah Extonslon lft United Verde 3j West End Con 68 White Oaks 3 Whlto Caps j Yerington is BONDS Bethlehem 5s 97 Cosden Oil 6s 80 Cosden & Co 6b 80 Cudahy 5s 94 Erie Es -. 94 Russian Oovt S4s 84 do 6s 61 Southern Railway Es.... 9894 Sinclair Oil 6s 92 Todd Shipbuilding 6s... 09 10 10 1 H 6T4 1 14 14 4 4 6 It 13 9 M 4 4V 6 ! Hi uil H ' VI li7 - :nn , W 18 62 38 28V4 m 10 194 34 11 34 12 Ml 33 . 72 "i 15 87T4 84 81' 07 9JH 86 66 07 101 II K 3 LOCAL MINING STQCKS TONOPAH STOCKS Bid Jim Butler 75 MacNamara, 10 Midway 09 Mlznah Extension 06 Montana .-. .14 North Star ... .0(1 Rescue Eula II West End .05 OOLDFIELD STOCKS Atlanta Blue Bull Booth Dlamondfleld II IS. Daisy ite Kewanas .... Oro , Sand Kendall Silver Pick . . . .00 .01 .04 ,02 .02 ,08 .01 .02 .13 V ; A: a j : .11 mM .11 -!H .01 MA n, 4 Arizona United Nevada wonder Tecopa Mlninx . MISCELLANEOUS . .20 .1.60 . .23 .ill a I Brown Brothers & Go. Fourth and Chestnut Stiixets PHILADELPHIA Deposits received and interest allowed For out-of-town accounts, instead of using pass-books, deposits may be sent by mall and we will furnish statements of account periodically , or upon request. We also issue Certificates of Deposit for a specific time, witfij allowance of interest. iiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiriiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii 1 I x Anticipate I Your Taxes I - This Bank has establish I ed a fund of seventy-five I thousand dollars, for taxes I to be paid next year. I .What provision are you I making for your taxes? I If you deposit such funds I . with us we 'will allow a 1 special rate of interest. , Cdiw Exchange National Bank 1 PHILADELPHIA CltEATKUT j Sbcoho iWZZZ: 1 wee Maryia-na ' VtM: Ulata Jfa( flaw. ,! M-- W VV " .t, f jti nw fPi 7i J5TW I VT . a"i.v wrrtfl,
Significant historical Pennsylvania newspapers