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' ' ; EVENING' LEDGER-PHbAbELPHtA. THURSDAY, NOVEMBER 1519J.7';
r
i?
"-T C
ILLY, IROCK CO.
BUNKERS
V
,t PHILADELPHIA ELECTRIC
Kv SECURITIES
? ( 6". NOTES
L AUQUST 1918
m
v.
j. FIRST MORTOAOE
," B. BONDS
OCTOBER 1966
SOS CHESTNUT STREET
I'llILADl'l.l'HIA
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11'
k'VJ
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y
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Northern States
Power Company
First & Refunding
5 Bonds
Due April 1, 1941
Circular on request
Bonbright & Company
MOIUUB WISTAIl STROUD. Jr
M mac, r
437 Chestnut St., Philadelphia
New Tork Ilui-lon Detroit
lonJon Purls i hkuu
K
r"
'
r-
If
Federal War
Revenue Bill
We have prepared, in booklet
form, a summury of the Federal
War Revenue bill, including
tables of the Income Tax, show
ing exemptions and amounts
persons will be oblip-ed to pay
the Government.
The subject of excess piofils
fs reviewed, with practical ex
amples showing how the amounts
arc computed.
Ask for Booklet L-10
A. B. Leach & Co.
Incorporated
IIS South Fourth Street
i f 1
Rf I A COOP SHIttpffiiiy BkWUMST HTVllOO
isV i TRUST r
t
Easy Minds
Many business men have found
that the best way to guard
against possible loss by fire or
theft is to put their late daily
receipts in bank instead of in a
desk or a safe. Then they jjo
home with easy minds.
Which do YOU do "play it
safe" or take a chance?
REPUBLIC TRUST CO.
Open 9 A. M. to 10 P. M.
1429 Chestnut Street
f Mil Minn 1863
The Provident
Life and Trust Compani, nf Philadelphia
fBpmt men thinh "the present ' anil il. Cnroina
III 00 on. torn tr. There fa a time u.cn an
ndoitment Potlcu wlonj he the nnlu unit klllrr.
FOURTH AND CftKklSVT HTRKKTh
&
P
w .
- r
iJ
$
i.-if j
t ". .
1.7
Present
Market
Conditions
1
&v
. r i
V
ifi
&
You could perhaps mote
readily gauge present
conditions and forces in
the market if you knew
the average trend of
prices on the New York
Curb for the past two
years. Send for u
GRAPHIC CHART
showing the composite
price range by weeks of
60 representative Curb
Stocks for 191R and 1917
together with a chart
of the weekly volume of
stock sales for the same
period.
Send for 767-7'. U.
JONES & BAKER
STOCK 1IKOKKKM
Wideser Bid,., Pkil.delp.L
Hell. Walnut Ji.no.l.
Keystone, Race i'JHu.
Nw York llonton
tMeZZ.. , - rturh
!., srtvnie tvtret,
JONKS " B.iKeil. " " "
WUttner JlldB.. Philadelphia
7uTT. U?"y "tnX ""' Chrt
Worn
4Mkm
Vilv,.... fllale
DIVIDENDS
TWB HKCt'RITY LIFE INHl'RANCK AI.D
iJCHT COMPANY OK rKNNNVI.VAMA
riurf 9M Citnut Ml., l-WUl,f,.hUV !.
A. NovmltAf i intt
loard of Directors h this day decl-r
naul alvldftid . iJire- mid nc-hall
cir oi tax, payabl flaturdiiy,
lfinnr n. prvr-ri.r
T -""-- "I , !
FINANCIAL NEWS-NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATI0
NEW YORK MARKET SHOWS EFFECT
OF RESTRICTIONS ON THE BEARS
Those Who Have Put Out Line of Shorts Early
and Bought Before Close Are Checked.
Gains Follow Declines
High Points in Today's Financial News
Xew rcUrirttona on hrnrhh operation on AVhi I'orA. Ntoik Vxchnngc had
Viinil rffrrt. Mnnji Uturi nilvnncnl folloiihiti rnrlil declined. Trading una dull
on the Curb, C'oni Irrrpnlnr and cotton at the nnd higher, hire and uthlcs
xhoued Improvement In fnielun ext limine mat kit The Philadelphia Itcicrtc
Hank iccclml a llmlttd amount of the nue t per tent Liberty HoniU. Par lit
ter louer In .Vrir York and London.
-L
Trraaurtr.
Triwt Company May Sell Assets
MI unnouncenient It made of an
to purchase part of the ajmtta of (he
wri" rui.( company, -7 L.nut
hmC m tockhodera will vote on
R to be held Novenw
, IH-opcuHlpH
XKW YOniv, Nov 15
The stock mnrltet nns liifliicncrd to n. Brcat extent todiy by the new con
ilitinim nhleli hnp been treated throiiRh the action of the KOXcrnlriK committee
In puttlnq further restriction on bearish operntlnns on the floor of the exchange.
The new rule directs that the names must ho jrhen of all those who tell and
buy any stocks iliirliiK the course of the iluj This has cffectuall chccl.ed
those Interests that( put out lines of shorts at the opening and coered before
the' close. There was an absence of the usual offerlncs of stocks nt tho he
KlnnlnK of btihlneos, and althotiKh there as plenty of IncentUes for heaiNIi
operations at Inlenals ilurlnK the ilny the loom traders were compelled to
refrain from r.ildliiK an stock The unfavorable statements of some of the
topper stocks had onlv n trlllltiR Influence on tradlnu In those Issues, and
declines were followed h itlck rallies
Utah Co)pcr, after sellhiR down to T-'1, lallktl to nboe i, with must bu
Inc comltis fimn outside Interests tint had sold this and other copper stocks
In nthanee of the publication of the September statements. Marine preferred
was well held and after u sllwht teicsslon nt the opcnliiK, when It sold at 8'J,
advanced to above 'J.i
t'nlttJ States Ste 1 inminon niovid In Hie same wa, liiclliil,c to 808 and
advancln;; to above !tl The lallroad stocks were ipilet lint showed a firm tone.
Neirlj all the Intel est In the nond markit was renteied In the luavv tians
aetlon In the I.lbeit ISolids. The -Is "old down to !3 CO to 99 "11, with a rail to
99 '0, and the .IVfcs. nftir falliiiR fiom 9198 to 9S4I, lalllid to 9890
Railroads' Difficulties Demand Heroic Treatment
If the renewed demand of the ralhoad trnplojes for a wane incn.ise has
done an thins It has been .o call attention to tho KrowInK .sentiment In some
quarters nt Washington toward Government ownership of the carriers Interests
that have heretofore viewed the Idea with Rient opposition have switched to the
other side of the fence This of course, does not necessarily mean that CJov em
inent ownership Is Imminent, but It is manifest that the dllllcultles confronting
the railroads toda demand hemic treatment. An addition of $100,000,000 to
their operating rosts thimiKh wage Inci cases, would require a vcr siibst.intl.il
addition to piesent fn It-lit tarllfs Holders of the better grade of railroad
stocks th.it have declined to the lowist levels In a gem ration have the con
solation of knowing that in manv Instances the-e are helling below the actual
valuo that would he recognized b the Government should it take over the roads.
In Important qinrttrs of the Street there has been heav hulng recently of
Hethlehcm Steel H stock It Is felt that the Issue has not onl discounted the
veiv worst, but that Its terhnlc.il weakness Ins been corrected nnd that in nny
general upward svvliu the Mock would be a leader. In the last two weeks more
than 700,000 shares of the stock have been turned over, or an amount exceeding
the number of shales outstanding lv about fir, per rent. The present maiket
value of the stock Is about on a pirlt with the earnings It Is expected to shoar
per share this car befote the war ta
Lackawanna Steel Is an example of the undervaluation placed on shares In
n trantic liquidating market. It will earn this vear Close to $.0 a shire Last
vcar It earned $3ri, or a total of $8" The stock Is selling nearly lfi points below
that flgure. In October net earnings before the war la amounted to $,000,000,
the laigest on record
Motors Dividend Cut Not Feared
General Motms Is selling to Ild about If, per cent on the Investment, and
thre is nothing in the current Miowlng of eirnlngs that even remotely suggests
a reduction in the dividend In October earnings increased 43 per cent over a
vcar ago and the compiti had rash and sipht drafts on November 8 amounting
to $22 100,000 Tho profit per car in October was $173, as against $179 n ear ago,
the difference being due to higher operating costs, such as labor and materials
especially It Is a remarkable fact that Wllls-Overland, which sold list week
nt 13, has since the war leturned to the property on amount equal to $1518 a
share When prices si ch as this are arrived nt it Is not the time for holders of
securities to become panic-stricken and sell. Obviously the motors have about
discounted the very worst of the situation
And now omes tho word from the Internation.il Mercantile Marine pool that
the question of liquidating the dlv'ldend nirearage will be shelved until the foreign
political situation becomes cleaier. The onl thing certain about Mercantile
Marino Is that the public will get trimmed if It bus It nnd trimmed If It hells It.
Yet the stock has a fascination. Tor the Insiders It has been the biggest
nione -maker of tho war.
Public Utilities Decline Unwarranted
In the Judgment of houses specializing in public utility stocks the (lectin
which this group has undergone Is entlrel unwarranted, and largely the rcault
of speculation b a certain type of trnders who have taken advantage of the
narrowness of their market to force publltl owned stodc for sale and through
this method facilitate their own covering at ,i substantial profit. That this has
been succcssfull carried out Is Illustrated In the amount of loss suffered within
the last two months of unsatlsfnctor investment conditions
The Indignation of hankers who have sponsoied the Issues has been aroused
but It Is unlikely tint any action will be taken against the offenders, as there
is no vut of tracing the selling in view of the virtually clo-ed market for this
tpe of securities .Some of the most wldel held Issues have been singled out
Huictshfully for bear raiding. Clients of utility Investment firms nre being
urged to Ignore tin prevailing level of quotations and not to liquidate unless
their own living requirements make such u step absolutely essential.
NEW YORK COFFEE MAIIKET
Vi:V YOltK, Nov 1G The coffee rn.fr.
kct continued Its downward i ourse, with
opening prices 1 to 4 imlnts lower under
scattered liquidation, although trading was
light
Vut,
UP 11 IllKh LOU 1 lit' t KIH
Doiimbtr !'", i. lis il i I (I li I i, li i
Itanli 1.1 1 T .'s 7 .si 7 ."i 7 J4
Vtuj 7 III 7 111 7 III 7 1
Julv , 7 ".7 7 '.H 1 -.1 7 -,x 7 VI
Hejilcirb,r . 7 7.", 7 7H 7 7n 7 71 7 7
MONEY-LENDING KATES
MHV OItK Money on call opened at 4
per tent, high I low I, last I; closed at
4 ; lullng rate 4 per cent
The monej market continued eas, with
the supply in excess of the demand and
rates are quoted at S ' Si B 34 pf cent on
Industrials for three and four months On
food mixed the quotations also stand at
the recent nominal figures of 5tfi5' per
cent Lenders are unable to secure more
than the last-mentioned maximum on this
rlass of loans. The monetary situation
continues to be kept well in hand but the
attitude of borrowers has changed
Prime bank acceptanies continue only
moderately active at 4(5 per rent for r
ellKdiles, and at 31 3'i per cent for
ellglbles
I'llll.li:i.Pllll fall. 5 per cent, time,
5fjti per cent. Tommerclal paper, three
to four monthH, utfi&'j per cent, six
months, 5 Vi i 5 "i per cent.
FOREIGN EXCHANGE
NKW YOHK, Nov. 15 The fOrelm ex
change market, while dull In the early deal
ings today, showed a tone of steadiness,
with positive strength In Scandinavian ex
change. Both francs nnd lire wero well
held, and this was true of rubles There was
very little In the way of incident.
Quotations were:
Demand sterling 4.75 3-16. c ibles 4.7G 7-16.
elxty-day bills nominally 4.71 U G 4.71 li.
ninety-day bills 4.69 4 4 69 Y
Franc cables 5.74 Vi, cheeks 5.75 .
I.lre cables 8,48, checks 8.49.
Swiss cables 4,40, checks'"4.42.
Guilder cables 45, cheeks 44 Vi..
Pesetas cables 23.50, checks 23.42.
Itubles cables 12 65, checks 12.40.
Stockholm cables 43 Vi, checks 43.
Chrlstlanla and Copenhagen cables 36 Vi,
checks 36.
BANK CLEARINGS
Hank clrarlnM today rompurtd with corre
ipondlns day lait two years:
. 1917 . 10IB 19115
llo.ton...,. llttAJMM f'7.HJ7,HI S7.K-,1 HIT
Philadelphia. 70. t oo.triJ nil ww Ma mills 4n
New York.., M: 2T1. 40 7'MS.MTO .: 7K0
IMlllmore ,l4n SK4 H 18; o3 us '.' ,?
KIN AD UK liUJAIUNOH ...... .... J,"
RAILROAD EARNINGS
.HCHJTHWJWTBRN
INACTIVE NEW YORK STOCKS
roliowing arc quotations for inactive New
York stocks and in which there were no
transactlorm toda.v. The price given Is tho
last previous sale
: '.i V.1..'1" V !'."-. Mny Ilpnt .Sir. r.f 1nl
a ii k n i tirr lr.i, .l .,.."-- '
AlUmsKipr,.. Ill" Vlkh Central
Allium.. Ilntnul i ,iK'! A ""!
rt'
(tO
1U
Mil Kn A T Mrnf Tli
""run iiiiin vi ji i t. ,.- : nt
Aiii;v.rvw7itei7-r5y'5
Am Aur ( hem 7H v ,nt lwr n-
Ain .Kr Chun vt lis , Sj .SJJ J,," 1ni
"." "t'!n,';rt.V H!.1 V""'" "S ' H
Am IJsVr"" . iS ' ..?.!''!!
JX' Ni.tKnain&Sp-'Hr
Am Loin r,r, t ,1 S.St Knm t rttp pf 114
""' .'MV.I. ,, U V, ., , -" ,
Am Sumatra pref , i1,'!- "S,r, pf ?,.
Am Tel Cable mi ft I! 7i..?i. " 77ii
Am T & T K.1 rrcf lu 5J . X"lv iW
Am Tob pref new 111 S ' V ,Vh '.T,
Am Xlno Ik l..n,l ll4 Cfi J -i?"'V ;,. ?i?4
jJ."S oV1 '"' prrf ,ifu SS,' W", ' : V
AilSlSA pref Sft "Jto "KVl"nf-' 'il
ah iiirm & At ii tanrn ilt pr, . uo
Allan u' ft w'i Pf AS 1,7Acm rlr ns
Halt ft Ohio pref til . ?, . 5?T
llalrt U,cu pref .l'4 C"1", SSS 4V'-, JS'
llarrett Co pref inn pESi. i .tp it
H,th Hleel pref st ,'.;?' i"1'" ,''-
llrookUn Lfn Oa lir. '.T,'" 'Wr'
llrown Shoo 71 ,e,r.CP;A,V";T P " H,
llutterlek In', ! ".'".A .. .-.T.-
Cot ft ho l.t nref KO '". .Br.Y V-rP J.""
Quicksilver
(Vnt Kilv Cn "7 vuicKiuver .. .. i
Ce!,l 8 Am TeL.tlRH aulchS,ili..pn,f i
I hi 1 A II fin 11 Hirfulnn lflt Pi "
t,r,
( hi (C (It VV(Ht 7
Clil ft N VV pref 141
lucti.reaiMiy pr lin
( oi a. po mi prer
( i,l ft ho LM pref
I'nl (iaa ft Kler '.'H
Con (I K I. ft V .111.1
Con Int Cnl Mln 1 "
( ont Can nref .
Contliental Ini
11h1 Ilutrh (PI
Healniaril A I, H'j
Healmard A I. pf 17.
miu heara iiofiiueK ,iw
4 ,2 Heara-lloeburk pf li:0
Zi hloiia Hheff ,..
- m I. n I pi ., ;J-
u t. J. h w nf . . aft
- .; . " v." .
n7 raaire Arms ... uo
Sji. B A Line, pf .. ISC,
Crucible Hit nref R ? P. "...".u',rivn2
Cuh Am Huaar 170 gn2. "Wfif "'!(
Cuba Am Hun pf In.' 1n.dtIi1?,!m " 5n
Iteere ft Co pref 7V, 2 u y.'or 22
I Lark ft VV .1KV "UB u." ...'iViSS
Den ft Hlo Or . (1 "P st' , '''10Su
Den ft Rio Or pref 14H J"" C-o rt ... H
Detroit IMIiion. . 12-. Third Ava !..."
,,un.VM,c. " " J..
HI I, w . . , I i
St I. ft XV ctfa KVJ
St I. ft V pf., SO
(inHpinii ti w n( tnn Tranaue-vvma ... .w
(lrnni.v Mln '. nT Un liar ft ! new,
Orrene fan Con.. R1 Ilnlnn Paclfle
llulf H Sll l.t pf.lOV
Detroit IMI.oil. . 12". , Jh
Krla 1t pref , . at JW
Klec Htor Hat,, . riftU Z
(lenrral Ciaar ... SnV5 T
Clen Cliar pref.. p T
111
7SU,
Twin City n T.. 74T.
llarlrhah Corn . H2 UnllM CIS riir Pi."r
81..?". WI, ! SS. IlnlleH Dru (14
Havana Kleo 101 Unl"! 0 '. P S"
Hnme.lak. Mln In- M 5fl.PI ,a
iiunnia cent .... "",'...,"" --- .,
',n, P'at'r Pf'.iil'oOj; U &$'$& J!'.
Iowa Central ... ri ' JJ '' '.'S pt ??,.
Iowa Cent pref. . .101 II H C I 1 P. . . t"i
Jewel Tea 7 U B I P P P
,-n rit.. a. .. jq ir H Hmelt ft net. to
Keok ft'n M r ... 4H Utah Heo Corp... 12.
liTkS Krl- W" V iron C C. . "V,
I.k Krl. ft XV pref ? '"P"' Ut ' ' oiV
lid a tf T.h "On Va. ar (hm Pf...lH
t , . n ... ini XVeat Xfd '2A tit .. -.
txini lal ctfs pref 40
isirmara ........."-
Marks)
V Crt Tl
I U.nh.11.1, SUaeh i
XVeat Pae ItW.,.. JTV4
XV heel ft I, ID or. i
New York Stock Sales
lllsh
Alaska Gold Mine .1
Allls-rimlmcrs Co. KlVi
Am Heel Sugar . 7!4
Am Can at
Am Car & I'oumlry niA
Am lnt Corp . nit.!.
Am Hide S. Leath 1JV4
do pref nl
. flVi
. 41)
. 10
12
,lnn
. .').
. nt
m;'i
inn
. 40
. " V.
17'i
.14
r,ii
88 V4
I
78
05',i
4JV4
1 VlMtMUt I Jfsft 1
Wlllva-Over Df
'Wis cenirai
worwi 1
w
Am Linseed
do pref
Am I,ocomollvo
Am Malt
do pref
Am Smell .
do pref . .
Am Sum Tob .
Am Steel Fdy
Am Sugar . .
Am Tel &. Tel
Am Tobacco .
A m Wool . ,
do pref , . .
Am Writ Taper
Am Zinc & Lead pf 42
Anaconda , . . . ni")i
Atchison l',i
All Cont Line . nv4
Atl Gulf A W I 07 ii
llald I.01 o Co
Halt & Ohio
Ilarn tt Co
Hatndlas Mining
Ileth Steel II
do pref t c
Hrook Hap Tr
Hums Hros.
Hutto K. Sup Cop
Col 1'itrnleimi
do pref
Canadian Pacific
Cal P.uklng
Centrit laathei
do pn f
Cerio de I'iikih
Clntidlir Motms
Chesa Al Ohio
Chi (it Western pf M
Chhngo M A. ht P ,17 14
00 irer
Chl( K. Northwest
Chh It I . I'ae t c
do 0 i ( pf t 1
do 7 p c pf t (
Chill Copper.
Chlnn Con Cop
Col I'm 1 & Iron
Cnnip Tab .
Coiiho Gas .
font Can.
Corn Products
do pref
Crucible Mul
Cub 1 Cane Sugsr 2nj
do pref 7711
Pel & Hud
Iioine MlneM
Distillers' Secur
Krle
do 2d pref
Gaston Williams
Gen Kler Co
Gen Motors
do pref
Goodrich H F
Gt Northern pref
Gf North Ore subs
Gulf State Mei I
I.01V
3
IflVi
711
3 1'.ii
noli
.10'4
n
K
21
(TM
18 Id
in
m
70 il
ton
.1114
st
lIV4
lnn
inn
in ',4
8874
17
3
fit'
81
n-',
f4-54
S1
r 1 i
88
I
7 nil
nvs,
4II7
Net
iha
Cloan
.1 Vi
tfl'.i Vi
70 V4
32 m 1h
?(. i4
it 4
li'A 'i
UK "A
24 74 V4
nnvi 14
I8V4 V.
in iy,
si ar;
71
Vh
4 3
4
inn
.1414
r.t
oi V4
101 Vi
inn
40
881)4
17
M
a
84 t,
niVi
on
iV4
Al'i
88
17
OOTj,
Vt
101V4 I it j 1 i, 10114
in.
11
:u
np4
31V.
nPi
118
,1(1 1 ,
(III
V4
il
III' j
I8
4(H',
I'D,
1.1 14
as s
:n h
3 j
HIS
81
son,
SI
07
n
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14 ,
MV4
3i
' I V4
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11
11 ii
ni
11
.11
131",
:i 1 Vi
M'd
08
.t(H4
no
4fit
in
aid
7l'i
V4
1 7 4
lii
Pl4
1 1
il'i
:
80 vi
HI
21H
80 M,
ni;
2
11 Vi
tu
n.
.1 1 14
II
in4
31
-I
t
isy,
11
31
l-"4
.III',
noTj,
'18
no Vi
no
111 14
id
17
71",
HIM,
IHJf,
to',
40 l,
1.1 '4
18 Vi
:i 1 n4
32
HO",
HI
2VA
HOIz
HiV .
2flV4 J
77 V, .
07 h
tn ..
32
in; ..
l(,4
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1
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t
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4
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h '!.
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2
Vi
r '(,
'4
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4 I
21ii 121
80
In'-plratlon Copper II
Inter Cons Corp
do pref . ,
Int Harv nf N J
Int Mr Mnr . .
do pref
InternI Paper .
Int Nickel
Kansas Cltv South
Kellv Springfield
Kenn Copper .
L irk Steel . . .
Lehigh Vnllev
Lee Hub (c Tire .
Loiilsv & Vasli
Markay Cos
do ir f .
Miiv Motor 1st pief
Meslcan Petrol ..
Miami Con Copper
M SP . S St M
Mldvale
MlHMiurl Pacific
do rtfs .
Nat At me
Nat Con-Cable
Nation il HNcult .
do pref . .
National Lead .
Nevadi Con Cop
New York Cent. .
N V N II & II..
Norf & West
North American
Northern Paclfle
Nova Scotia Steel,
Ohio Gas
Ontario Sllvftr . .
Owens lint . .
Pacific Mall ....
Peuiia P. II ....
Peo Gas &. C . . .
Pere Marquetto
do pref . . .
Phlla Co . ..
X'ltts & West
do pref .
Pitts Coal
Pressed Steel Car.
81
71
32 4
DOT
21
80
40",
V4
12
00 V,
211!.
H0'!i
20
21
11
38
20 If,
71
SI
II
81 f Vl
3,1 1
HOI. H
21V4 S.
(1'4
41
0i4
2Ts,
mc,
20 J'.
2.-.14
isv
38
30 J,
71
,12
Il'i
II1V4 HI
70Vi 70'
S8
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27
HI
2V4
2IV4
3!l'i
2fl
2IVi
81
ion
4 2 '4
I0V4
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80
low
nw
41
I(i2
241,
111
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21 '4
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38
10 S,
71
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1HV4
70(4
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81
101
42
in
iv.
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Pullman Pal Car. 120 1
,18
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7.114
2nV4
78',
in,
21
38
20
2ni
81
108
42
in
n;
2.1
100V4 100V4 100V4
45 11 411,
81
70
31 Vt
1
80
2 4V4
17 Vi
40
14
4.1
20
2I'
3y,
40
0
f2'a
Vt
-r Vt
, , ,
J 1
Vt
Vi
r '
2
I
'
4 '-i
.12 1
71V
27
HI
42
38
2n
81V4
70
31
4
80
24V4
477
40
It
.10
20
2114
siy,
10
siV4
)i
1 Vi
Mi
Vi
1
tt.
'4
Vj
Vi
Vi
i4
l'a
Quicksilver
Ity Steel Spring .
do pref
Hay Con Ccpper .
Heading
Hep Iron A. Steel.
Saxon Motors . .
St L S V vv I
Shatturk Ariz ..
Sinclair Oil .
Southern Pacific
IV
311m
nV4
21 Vi
8 Vi
70
41
14 11
10
SB Vi
81 Vi
H
V Vt
',
1
'
IVi
1
Vi'
I
So Porto Itlco Su.148
21
:i8iM
11
1 1
Southern It It
do pief ... .
Studcbaker , ,
Tenu C & C w I
Texas & Pac. . .
Texas Co
Tobacco Prod .
do pref .
Underw T pew r Co bo
do pref 114
SOU
onv4
3lVi
nn 14
08 Vj
.1
13
10
20'4
80 4
148
21
Sfl
3714
111!.
11
13J14 112
4. IT. 4314
ooii no
110
114
Union Pacific llavi 1IIV4
Unit Alloy Stl . 37 37
Unit Cigar Stores H3
Unit Fruit 114
Unit Ity Invest... 0',i
do pref 1SV4
U S Ind Alcohol 102
U S Ituhber 481',
do 1st pref .... 01
U S Smelt & Itcf. 43
U S Steel ...
do pref . . .
Utah Copper .
Va Car Chem
Wabash . .
do pref A .
do nref H..
West Mar land.
West Union Tel 82
Wcstliighouse MfB 37
Woolw brth . .
do pref
Wheel & L 13
Wilson Co 4ii
do pref 0A
White Motors ....
Willys-Overland .. 1714
do pref .., 00,4
0.1
4214
80 ft
ld'H
72V4
28
7V4
30
20
121
8 Hi
3BV4
UOVi 11014
lie nn
014 0
83 U
lit
nvt
13
tlHVi 100V4
4,114 48V4
81',
70
31
I
HO
2414
47ft
40
II
SO
20
21
S3 )i
10
11
120
I
3014
nn 14
2114
71
70
.1
14li
10
201i Vt
Hl4 -( Vt
148
21
na 1
37 Vt
"Ta 4- li
11. Vi
131
4314 4- ft
00 3
on
114
U3V4
37
83 V.
114
IVi
13
4-4-4-4-4-
4-
ti
1V4
ft
i'A
OlVi
.108
. 73
. 28ft
. 7
. 3U7i
. 20H
. 13
01
4214 V4
01 ft 4- li
108
74 Hi
28ft 1ft
7 ft
3074 ..
20U 4. ft
13 4- ft
44ft
SA
31
16ft
00 ft
82
37
10 Vi
10
Oft
4414
90
3.1
17
1
r-
0014
Total aalea, 328.100 aharea, compared with
Alt. HOD aharea yeaterdari thua far tlila eek,
3.811,800 aharea.i aame period Isat week, 1,0112,
100 aharea.
Kx dividend Columbia (las and Klectrlc, l, ,
Detroit Unltert, Hallways 2: Deere ft Co. pre
"erred Hit I.lasett ft ,Myera. 8: United Drue
Co 1 . 2d preferred. iWl Xlay Department Stores,
li,. National Acme Co. t International
Mckel. It American, Tobacco (.0. 3j American
Cotton Oil, 1: do preferred. 3.
Refined Sugars Unchanged
NEW YORK, Nov. 16. The refined -jugar
market remained unchanged, with the
American and National companies quoting
fine granuldated at 8.35c. Tiie Federal and
the Warner companies and Arbuckle
Brothers continue withdrawn. Raws, 6.90c.
Cambria Steel Pays Another Extra
The Cambria Steel Company has de
clared a quarterly dividend of 1V4 per cent
and an extra dividend of I li per cent, both
nuvsbla December 15, as registered Novem-
,K; bef 10, f- TJiese Hre the rstme nUsj m paid
I yffc8 in Philadelphia
Net
HUh. Low Clone. rme.
.lloAlllniice In's. 10 10 10 .4
Am Stores 32
30A111GJH 08ft 08ft 08ft ft
18 Am Milling Oft 0ft oft ..
20 Cambria St 111 113 1I J
41i:iec Storage 48 48 48 A
lollrle . . 14'i 14'i 14Vi
inn Gen Asphalt IS 11 l5
Rio Ins Co N A 31 23 2
100 KeJ- Tel Co nft V4 oft
no I.k Sup Corp 10V4 1V4 ! '
SOLeh Nnv .17 Vi 07 7 ..
101 do war wl 01a Aft Aft Vt
3d Leh Valley .12 Vi Sift Sift 1
211 Nv Cons lV4 1" IflVi J4
I Hi) Prima II It Ilia 47 1714 Vt
20 Phil Co cum
pref 3 1') 1 3174 3114
.12? Phlla nice 21Vi 3I' 21
1107 P It T tr cfH 21V4 2 1 24 'a
310 Iti tiding . 07 07 B7
.121 Ton Ileltnont 37J 3 m 374
1110 Toll Mining. Ml 4U 4"
Cn True. tmV4
I in C11 Gas Imp nn h 08 li
I'm Cos N J 300ft 2or,ft 200V4 .
30711 S Met I 01ft HO'i 0114 4-lft
21 Will Ir & Stl 8ft Hft 8V4
3111 W'estmore CI 70 71ft 7A
200 W Clamp 10 7ft 70
II Yolk It pref 3 1 3.1 31
tQuotatloii glvtn Is esterdiH close
Tnlil nle, H182 alinres. cimipired wlH'O'l.
si, re " .rslinluvi thus far ''''.ni7ik'1'"n,' '
Mmrexi Mime p rloil lunt week. 40..I0 hlures.
IIOMIS , N't
lllnh Low Close, fhiie
81000 Cnn TrarN J
r,s on nn on 214
1(100 City 4s 1941 07ft n?' 07ft
2(1011 do 19l . 08 08 08 Vt
.1(100 L h N'av ( nns
iijs 00 nn oa
11400 I.llii rt Horn!
;ljS 118.80 08.20 08.2A .71
ii'iiio do is on.no wo o'J.io 4- .i
10011 l.i Ii Val Coal
Is 101 ft 101 Vi 101 Vi 'i
100(1 Pa Co ions
4t2s lltiO 0VU 07 07 2
I Ollli do temp cts
Pis .. 00ft 00i no'i .
I (Hid Phlla l.ler
1st "is 00ft OATs OAVi ht
2000 Iteldlllg gin
IN . 81 81 83
1000 Sp inlsh-Am
Iron s on ft oift onft 4- Va
filOOtlidll ItWS
t c 4s I 81 87 Vi
Intill siles. SH.I(MI, compired with 8,R 0
e.(,nliiM thus fur lhl ek. S2ll,tlS0i "lime
in riixl lust wick, S07.1.10.
Local Bid and Asked
Ann il. in stores
1 trill (J (II
Huff 4 s'u,,, i i
ilo pr, f rrc.l
lliblnln .. .
I'lutrl, stoniMi
(P n, ral Afiliult
iln i n f rr, il
lv etilie 'I i I' phone
lo t t
I tike sup, tlur Corp
1.' lili.h N ivlkitlon
l.ihlkh Vail, j .
IN miN UiinlH
l'hlla Clxtrk
l'tllt l ( nmp.tii
,1 1 (I p, r i cut pref
Phil i Itnii Tr t c
It'lllllllS'
Mom lati INlmnnt
liinnpih Vllnlni; .
t nlon 1 r ii tlon .
t'nl t.d (Sin lmpt
t'nliiil Mntis stul
ork ItnllMi
do I n ferr, il
VV m Crimp ft Sona
loduj
111 I Ask
'S 3.'
Ill 12
V. (.11
V.alinl
Illl
3n
Ask
32
12
I n
-,l'4
174
II
II
Jh1-
ill
112
HI'S, H-
11 .11 '4
47s. IS
ii'" --j
III J2
J I 21
1.7'. I1h
li". .HI
t'4 4,
III 41
is' i ns
HI 'U'j
s 'I
12 11
IP, 711
47'4
11
.'ill
4
i o
ln'4
r.7
r.2
47',
Hi"
nit
21'
1.7',
111
III
( l
!H,'l
8
32
70
isli
17
M
in
111
IM'n
S2'4
4S
':'
21
Ul'j
.Hi
4
II
(I'll,
llll.
II
34
INACTIVE IMIILA. STOCKS
Following are quotations for Inactive
storks llshd on the Phil idelphla Stock l"x
chiuigc and in vvhlch there wire no trans
actions today. The price given is the last
pi ev Ions rinse:
Amrr (lis War d Utile SchulKlll r,l
A,"'.'.r ?t"s pr, f nj North Cent 77
llrlll J (1 . . i I'entu SUt ... no
llulf ft Sus'i in Phlla Co l!il';
llurrft sii, tc pf .VI Piiiin Trait ... 'i
n line V J . (,7 I' II T . L'1
.VNplult int.'.", Itw Co Cen 4l.
lT h Steil pf , m'l
M Jer ft Seashore 41
Vork Ilwy 8'4
Cn
Kivalnne lei pr, f (II
'eh Val 7 r in 27W
l.'h Vnl Tr in pf .is
Lit Ilrus . . ai'i
New York Bond Sales
11 lllh
tltil'iii Aii(,ln Primh .7i . 'ici'i
.'lino Am. r PnrelKn see ,1hOi
7(1(111 Ainir Sinill ft Jtt f Sa NI
(Iiiiin Amir '1.1 rlt Is . sj
11(1110 ,lo ,1s 111,,
Ham Armour Co 4'im . si's,
I.IKMI Alihisou Kin 4 . SI
30HII Hilt A Ohio Ida . Nl,
3IMHI ilo la 77
llinil 11' Hi Stiel ikt .Is '.Its NI
7IIHO llnril. iiux lin NI
JIMH) Can Coil .' lll.'l. W
llllinil Cal Chh ft I'll! i ll.'7s
.mini Cnt I .sitlier 1st .Is iil'i
Nllilll Chill loppir 7a 'is'.
111(10 Chi a ft Ohio c 1'as. 7ll
1000 do IV4s . . 71
liooo do mm .Is . 72'i
.liiuo Chi II ft CI Joint la . 1124
lllilll ( VI ft BtP t.en 4s '21 7.1
.'moil do rfd l'4s . . 07
SIIIHI .1.1 iv 4' a . 711
l.llllll Clt nf Purls Ha . SlU
llllllll con O'la nn lis PU't
jikmi Cuban Am Sunar da loo
,ttiM)ii Cirri, de 1'itato a
l.'llllll Den ft III" Or 4a .
.liiuo Ilia s.ciur Corp s
loiio Ilrle ion 4s Ser A
IIKIO do la Ser II . .
loon do a, n 4a
I.UW
NI',
Dl'i
N",
HI'.
Hi
ki
Ml
M
77
Nl
N.''.
11"'.
S
01V.
US',
70
71
72
l)J
71
117
70
Hl4
till'.
Illll
Close
DO
Dl
M
NIH
III.
N4
Ml'a
Ml
77
SI
Nl
lill4
II2
m'
ns'.
70
72
nj'.
71
S7
71)
si".
III)'.
Hill
ll2t 102V3 1II2V5
111',
, I
as
41
(17 .
no
,11111111 Trench Itepul lie !Vja l)4i,
.11100 Hul ft Man rfd .Is . .124
14(11)11 Interb Met 4'4a 1
llinil Interb P. T rt f .la ... hi
lliooii Inter Mer Mar (Is. .. I).' 4
loon lap new Q s 4'.s ... 7 i'
-.mm !.'. ,'ll !,, lat la . (HI
118011)0 l.lbert) llollll .Via
10 (HM II do 2d Is .
limn 1.5 ons Us . .
'jono Vlarselllea Us . .
lllilll Vlex Pet Co lla Htr ('
.1001) Viet West of Chi J"
.(111(1 Mo Kan ft T r,s .
7000 Mo Pic VV I. 5b 11)2(1
17IHID Mo Pac Ben 4s,
llllllll) do lla .
llioim Montana I'nuer a
42000 N V C H Hi
11)001) do 4a .
llinil di lias
I noil N Y ( hi Ht I. lit 4s
101)11 N 1 City 4s 111 ,1
111
74
.111
41
117".
JM
.1J'
10',
Nl
Il2'4
7.1',
I.O
UH.40 OH OH
UD.KO 00 21 VU.48
S-'Vi NJ'?
i NJ'a
mm
H4V.
41
117 S
D1H
Si'
HI
1)2 1.
71'i
no
104lj
. HIS
r.o
NS',
: Siii
. NN.
. D1V.
TZ'
. N7
. N4
U0
101)0 do la mill . OH ,
1701)0 do 4'ija Nov 11)17 9Vii
.ikh) N V N It ft H rv 3V4B 4(1
1000 Sorf ft West Ben lla .107J4
loonn Nor Par 4a . , HIS
jiioo (ire Short I, lat Us . loll.
.(Kid I'ai Tel f,s HI
Jiiiinn I'enna gin ct I'4h .. no
mono ,1) cn 4V,a H7m
lMino l'ere Maruuetto .Is N2
11000 Heading sen Is. . Nil.
l(illlll) Hep Ir ft H 01
loon st I. ft 8 P sen 0s lni'4
37000 do Ser A. .. 1 1S
"lino healkoard A I, adj ft . 43'.
JOlinO South I'ac cv "ia NO
jliino do rfd 4s.. SOS
itonn South It sen Is ,V)S
1000 do r,a . , niVi
SOO0 Texas Co (la. . 117
R7V" II S Ituhber la 81
21(100 V S steel S V, la 110
jniiun Union Par cv 4a R1S
lllilll do rfd 4s . ,77
71(11)0 U IC nf O II ft I Ss l)7M
lionoo do .ma mis . ,, nnu
in toon do iv,s mln 04.
311000 do RIXb new 1010... 0AS
Itooii do SV-a m.'l ... OlVi
innon West Klectrlc r,s. . 07
1000 West Md lat 4s ... r,nia
.10
NH
r.ni
09S
NHS
lis',
77 'i
N7
HI
on
it
ns
40
1117',
N1S
lots
Bl
111)
1)7'.
HI'.
NiVi
MS
inn,
si
41
HM.
NO
r,NS
ni',
1)7
71S
0HS
!?'
II7S
nns
ii m
tins
nis
nns
r,9'.
sju
liitu
84 Vi
.1(1
NS',
US',
UO'J
NHS
in'i
N?
N4
90
nns
nnVi
in
107',
sis
mis
ftl
in
D7V,
R2
Nl'i
D8S
lniL,
r.iVi
n
89
sot;
r,RK
niVi
1)7
7 IS
nss
HIS
77
117 H
nns
04S
nn,
nil,
07
10VJ
Total antes. 3.003.mw. rnrnparrd with ts .
118,000 yeaterdari thus fur this week. Sn.2f l .
000 1 aame period last week, 80,813,000. '
Bank of England Statement
LONDON, Nov. 15. The weekly state
ment of the Hank of I'ngland follows: To.
tal reserve f31,696.000, decrease 555 000
clnulatlon 42.358.000. decrease f 32000 '
bullion 55,605,000. decrease 5861000!
other securities 90,102,000. decrease fi .
053,000: other deposits 130,611.000 de'
crease 526,000 ; public deposits 42,224 ooo
decrease 1,274,000; government securities
68.721.000. decrease 162,000. The-pro-portion
of the banks resene to llabll tes
la now 19 60, against 19 60 per cent last
week, and compared with a decline from
23.20 pei" cent to 22.50 per cent In this week
last ear. The clearings through the Lon
don banks for the week were 378,990 000
against 366,730.000 last week and 322 J
320,000 In this week last year, '
STOCKS DECLINE ON LOCAL 'CHANGE-
P. R. T. CERTIFICATES DROP TO 23 "
Slight Gains Follow Late Advance in Price of Steel Com.
mon Local Reserve Bank Receives Part
of New Liberty Bonds V
Prices Ragged on the Philadelphia Stock
Exchange today, nearly ever thing on tho
list In which there was nny change In quo
tations closing nt declines Tho market
became quito broad In the nftcrnoon, follow
lug dullness In the Initial trading, and n
reature was a sudden decline for Hopld
Transit trust certificates to 23, oft l'a
Points, and 27, points below the high Icvul
of esterday.
The drop camo ns a surprise and no per
son seemed to have a Hpeclflc feason for It.
iiio certificates were slow In coming out
during the forenoon nnd first sales wero In
small, odd lots, with trifling gains In tho
price Less than 150 shares had been'
m'. '.' .n u" ." 2 0'cIock '" th0 afternoon,
but during the next half, hour one block
of R00 came out at tho low figure nnd other
transaitlnns followed nt the same price In
quick succession. Support soon followed,
however, when the speculative clement was
quick to take advantage of tho decline to
buy the certificates, nnd there was a re
covery mar the close to 24, a net loss of
7 for the day. Cambria Steel recorded the
largest loss of tho day, dropping 5 points,
with only a small amount changing hands.
Lake Superior Corporation was off a
quarter on limited sales. I'lectrlc Storage
If ittery lost the same amount, and a similar
decline was recorded by Lehigh Navigation
warrants The latter company's stock was
I'
unchanged. Thero were good-sli.a .
actions In Alliance Insurance and lfi JJf1
Company of North America, with ih. 1 ""
off n half nnd the latter unchanged ,cIBW
sales of United Gas Improvement l l"!11
delphla Klectrlc came out. "'S H ""
holding steady. " th P'-Mi
I'ennsjlvanla railroad, on a ten i
around 500 shares, lost A quarter ph?' - ' .
ofT a trlfio and Heading was 1
Lehigh Valley declined more than a l"1 '
Steel common, after selling low " lP0.lnt
the day. advanced toward 'th clo.e ', '1
as hjgh as 91 Vi. n gain of more V.
point. This Improvement iVtr,n-.i.
some of the, other stocks that had ,i,tn((l
weakness, but It camo too late i0"
material changes for many l,8Ue8g to Ci""
Liberty Loan bonds attracted 'nn .,
Tho 3's were off to 98 26, ,he lon"e.n,t'on"
tiro at which they have sold here a J
4s nr.de a substantial advance to 99 if? '"
A limited amount of the Liberty lui"
twenty-five- ear 4 per cent bond ili.
received by the Philadelphia V r?
but riot nearly enough to take car. nf ' "
liveries asked by city and '1 ""
banks It Is Impossible to "ay ,,Un;niWn
Plete deliveries may be made VonB ofT'
thlrtv- eat 4 per cent bonds, !?" ffchk
tho 314s are converted, have T been ,.c ?lc5
by the Iteservc Hank, and for such 3, ,
nre presented for conversion receipts .t!
given. stilus at)
SCRUTINY OP SPECULATIVE TRADING "
CONFINES CURB TO NARROW LIMITS-
Offerings of Many Stocks Are Small in Volume, Although
Some Issues Make Good Gains on
Moderate Sales
NEW YORK', Nov. 15
ncc movements on the usually active Issues on the Curb were "confine,,
within an unusually narrow rnnco. which m, due . , ..?. conflnel
Hon of the M-riitlnv nf i, is., u... " --" "-"-" " me exten-
. .w.v i.n.iiiuih auuiuriiies
flVflf UM.n.)nl. .. .
the short side. Offerings of many stocks were Mmnii In tJ.Z" ,. ., . "ns oa
made good gains on a moderate volume of business. ' '
Cities Service ox dividend, was traded In nt 187 to 189. Jnterluhe chem-' '
leal was steady with sales at 2 and 3. Wright-Martin became prominent, show.
Ing a strong ndvance from 7'i to 7H. Aetna Explosives sold at 6Vi .0 6 and
Maxim .Munitions hold at and .
Other stocks were steady with business halted because of lack of Inform,
tlon about Government price-fixing. Oklahoma sold at 6s nnd CU. Osage at 6tt
and 6S. Men-lit nt 2.'i to 22. .Midwest nt 109 nnd 108, 1'lk Hash, at 7, InternationU
Petroleum at 11 and 10 nnd Northwest nt 70 cents.
Mining stocks were in better demand, with silver shares rescinding to th,''
news of the Government contincts, Nlpisslng selling nt 7 and 8, and moderate
gains were matin In n number of other sliver stocks.
Iiutte Copper and Zinc sold nt 6 to fi', Emma Consolidated at u, an
Nixon Nevada at 71 to 73 cents. United Motor sold nt 15'b and 15. Standard Ki".
ut 7V4 and 8. '
BAR SILVEIt
New Tork (e
IM'UHTKIAI.S
A ""
Air lteductlon 1
Aetna lplisles 0
Am-Hritlsli .Mfg I
Am Jl.irconl 2
Americin Writing Paper 114
Can idlan Car Co !0
Can Cor A. I'dy pref. ... 34
Charcoal Iron y,
Chevrolet Motors S4
60
21
7
70
ft
,1
12
274
1
8
00
38
Yes ( lose
Asll (Sab )
70
O'a. 6'
8
2'a
2V4 .
in
7V4 .
IS 7
7.1
28
0
78
IPi
1.1
18
V
4
01
43
57
0
a
'3
Cramp
Curtlss Aeroplane ....
Carw en Tool
Carbon Steel
I'merson Phonograph .
1'edtral De
Hendeo Mfg
Interlube Chemical . .
Kathodlon Ilronze pref
Lake Torpedo Iloat...
Lehigh Coal Sales ....
Lima Ijoco
Maxim Munitions i'n Vt
Martin Arms 81
N V Shipbuilding 31
North Amer Pap Pulp. . . Ili
Otis nievator 40
Peerless Motor 8
Poole Log 00
Hedden Truck 1.1
Scrlpps-Hooth I 10 .1
S S Kresge w I 01 68 07
Standard Motors 7i
Steel Allos 7
Submarine Boat 1 Vi
St Joseph Lend
Todd Shipbuilding . . .
Triangle Kllm
I'nltcd Profit Sharing.
lT h steamship
L'nlted Motors
I'nlted Sugar
Wright-Martin Air . .
Zinc Concent
NTANIIAltM OIL STOCKS
Illinois 183 188
Ohio s 281 288
Prairie Pipe 22S 230
Stand Oil of California. .210 213
Stand Oil of New Jersey. SOI mo
Stand Oil of New York. .233 236
I-sni't'l'VIIKNT OIL STOCKS
Harnett Oil & Gas lii iii
Cosuen S. Co
87
21h
4,1
II
70
10
68
8V4
lli 12V. .
1-114 10 l-ili
70 80
5. T. li
Vi U .
3W 3V4 314
14-Ji i ni4
30 31
7V4 7 7'ft
1 2
231
Llk Hasin
I'ederal OH
Inter Petroleum .
Houston OH
Merrltt Oil
Midwest Kenning
. 7y4
. 14
. 29
014
. 17
siy.
.103
714
7
24
iom,
10
si Vi
108
1
?a
3
10T4
10
22Vt
108
IMIKI'KXIIKNT Oil.
Mel Peti oleum ..
Ohio Fuel
Oklahoma Iteflnlng .
Osage Hominy
Hlce Oil
Sapulpa Iteflnlng . . .
Sequovah
Sinclair
L'nlted West Oil . .
MIMM! STOCK'.
Alaska Standard . .
Atlanta
Dig Lidge
Hlsbee Copper (a pros)
Hutte Copper A: Zinc.
Hutto New York
Cal & Jerome
Con Ariz ,
I'mma Cousol
First National
Goldfleld Merger
Goldfleld Cons
Goldfleld Florence ....
Goldfleld Kewanas ...
Green Monster
Hecla Mining
Howe Sound
Independence Lead
Jerome Verde
Jumbo l'xtcuslon 17
Magnate Copper
McKlnlcy Darragh .17
Magma Copper 31
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Nevada Hills ..
Nevada Wonder
Nlpisslng . . . .
Ohio Copper . .
Hay Hercules . .
Stewart
San Toy
Tonopah I'xt . . .
United Verde . .
West nnd Con
White Oaks ...
White Caps ....
Yeringtou
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IIOMIS
Bethlehem 5s 07-Tm
Cosden Oil 6s 71
Cosden i. Co lis 71
Cudahy 5s . 04
I'rle 6s 03
llusslan Govt 3"4s ss
Husslan Govt GVLs 04
Southern Ilwy 5s 06
Sinclair Oil lis 92
Todd Shipbuilding bs ... 00 101
13
07 Kr
80
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DIVIDENDS DECLARED
Crex Carpet Company, 11 illvldend of ' per
rent, payabla Deremlier 1.1 to stock of record
N'oiember ".o, out nf tho net enrnlnzs appll.
eable to tho period from January 1 to June
30. 1917.
I'nlted SlalM Oypnim Compani, regular
quarterly of II 7o u ahara on preferred, pay
able December 31, to stock of reitjrd Deiember
Warrln Topper Company, a dividend of 7
per tent mi preferred. paahle December 13.
to atotk of record November 30
United heeurttles I.tfe Insurance and Trust
Company regular semiannual nf 3Vi per cent
paalle December 1 to stock of record Novem-
Adams Kxpresa compani. a dividend of II
frum aetumulated surplus paabte Deccmbee i
to stockholders of record November Id
lloaton. Ilevere and lleach Haven Hallroad
regular nuarterly of 81 So, no able January 1
to stock of record December IS
Federal Mining and Smelting Company, regu
lar quarterly of IS Per cent on preferred, paj
able December 1.1 to stock of record Novem
ber 25.
Standard Oil of Isew Jersey, regular quarterly
of 11 a share, pa) able December 17 to stock
of record Novemlier III
AJax Rubber Company, regular quarterly of
11. .Ml a share. paable Dec-nber 13 to stock of
record November 30
Chesapeake and Ohio Railroad, regular semi
annual of 2 per cent, pajahle December 31 to
stock of record December 7.
Hocking X'alley Hallway Compani', dividend
of i'A per cent, payable December 31 to stock
of record December 14
Cudahy Packing Company, regular qunrterly
of IS per cent on the common stock, pa) able
December 13 to atock of record December 5.
Cotton Buyers and Sellers
NnW YOHK. Nov. 15. December Hart
corn, Rosenberg, Newman, Schlll, Schley
and Wenman bid; Cone, Mitchell, Hyman
and Deardaley offered.
January Qeer, Downs, Seller, Henti,
Freeman, Brooks, Qardoza, Newman and
Hartcorn bid; McFadden, Deardsley, Geer
an. Newman, Cone, Rosenberg and deer
offered.
March Itlordan, Cone, W. Gumoens and
Hopkins bid; C. Hicks, Schlll. Wilson.
Smith and Newman offered.
SarHyoan'. M"cn'l' Fllnn, OltTord.
McFadden, Cardoia, Lowcnsteln. Itlordan.
Geer. C. Hicks and Itountree bldj Hopkins.
C. Hicks and Parrott offered.
JulySmith bid; Parrot, Hanger, Hart
corn and Freeman offered.
August Young bid s Parrott offered
I.at -ion 1ns
rsffi' liiffi' ifi? PARIS. Noy. 11.
LOCAL MINING STOCKS
TONOPAH STOCKS
Jim llutler
MacNamaru
Midway
Vllrpah I'xtenslon ..
Vlontana
Vorth Htar
Rescue i:ulu ,,
West Kin! .
(JOf.DKll-l.D 8TOCKH
Atlanta
Illue Hull
Ilooth ,
Dlamondflcld II II
Daisy
Kewanaa
Oro
Sandstorm Kendall
Silver Pick
MlhCKM.ANEOl'.s'
Arizona United
Nevada Wonder
Tecopa. Mining
t
Hid Ask , .
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.01 .02 i
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l.no 1.70 ' t
23 .21
1
Liverpool Cotton
LIVKHPOOL. Nov. IS. Snot cotton WSI
quiet todny with prices steady on the basis. ,j
of 22.U5d for middling, an upturn oi " , 3.M
points. The sales were 4000 bales. JO? nVJ
recelnts wern 39.000 hnleq Inrludlnir 37.709
bales American. Futures wero steady W S
the early dealings. Snot nrlccs were: Amer- , i.
lean, middling fair, 23.26d; good mlddllnr. , il
22.6I11; miuunng, .':'.00d : low miaaiin.. ,
21.63d; good ordinary. 20.63d; ordinary,.
20d. '(f'f
Pari Boune SUtdy
lev TH BourtM.vru atudv
New York Central
Will the stock of this company i$
who are askintr this Question will tfm
be interested in a sneclal analysis .,
of the property which we hav jtf.
just Issued to our clients. A lew
copies are' available to inqujrers
who are interested in our ourviv. m
Encloso 3 cents in stamps for Cor-
cuiar no. Z4Y. i .'
Unnnvc luwrornnr. orDU.PC
muuui o inicoiunASOcniiuir
i . " i
Joan MtMehr. rresJ
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