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EVENING'' LEDGER-PHILADELPHIA,, WEDNESDAY, NOVEMBER 21, lfrtT '
V .it
' tV
vvrx
P
REILLY, MOCK CO.
BANKERS
PHILADELPHIA PLAN
EQUIPMENT TRUST
J CERTIFICATES
:0C CHESTNUT ST.
Philadelphia
November
Investment
Suggestions
Our current general circular
contains a carefully selected and
well diversified list of high-grade
bonds " available, at attractive
prices.
This circular and our compari
son of January and current bond
prices will be of interest to you if
you are contemplating an invest
ment. Send for November circular and
Price Comparison PIM12
TheNationalGtjr
Company
1421 Chestnut St., Phila.
JSfw York
Boston
Chicago
bin rranclico
X'ittiburfih
Supplee Milk Company
We have been advocating
the purchase of , this stock for
the last six months. Recent
developments have more than
confirmed our predictions,
and the stock should show a
substantial advance. , By rea
son of the present market con
ditions we have a small block
of this stock which j we can
offer on a very attractive basis.
Information upon request.
Naulty & Company
Finance Building
Spruce 1871.
Barnett Oil $ Gas Company
PRODUCER REFINER DISTRIBUTOR
rteflnery of 2000 barrels dally capacity.
103 Tank Pari,
Own Pipe Line from wells to railroad.
Distributing station a
Placed on quarterly dividend basis.
Payable January 10th 3ct and 3 extra.
fald .'3 dividend lull ear
Aetlve dallv market (at around 114)
We Do Not Charge Brokerage on Barnett
E. H. CLARKE
Morton R. Alexander
(Resident Partner)
Thone 1143 Spruce.
Sleek Kiclunre Illdf. I'lilln.. fa.
ST William bt. New York City.
niVIDK.'I NOTICE
THE AMKRIf'AV (H COMPANY "
, 1(11 .Market Mreet
Camden. N. J November -0 1017
A quarterly dividend of 3 per rent or 2 per
hare, ha been deflated on the apitul atork of
this rompanv. pajblc Perrmber lot. 1017, to
the stockholders of record at .1 octoik p m
November Stat, 1917 Checks will be milled
J. II. TOWNSKVD .1.1,
Tn usurer.
DIVIDENDS DECLARED
Union Carbide Company, regular quarterly of
Z per cent, pavable Januarv I Hooks cloaa
December 20 anil reopen January 2.
Linda Air Products Companv. regular quar
terly of IH per cent on preferred lovable Jan.
uary 1. and - per cent on lommon, paablo
December 31, both to atock of record Decem
ber -II.
Union Carbide and Carbon Corporation, a
dividend of 11 per share, payable January 2 to
lock of record December H.
South Penn Oil Company, rerular quarterly
of in a 'ahare pavable. December 31 to stock
of ricord Decemljer 12.
American Pouer and Light Company reitu.
lar quarterly of 1 per cent on common, pay
able December 1 to stock of record November 21.
Southwestern Tower and Llaht Company, reir
uUr quarterly of 1 per cent on pr. ferred.
payable December 1 to holders uf record Vol
vember "1
Rochester Hallway and Lletit Company res
ular auarterlj of IV; tier cent on preferred
payable December 1. aa riKlatered November
borden'a Condensed Milk Company, resular
quarterly of i per cent on preferred, payable
December 1., Hooks close December 1 and
reopen Decetnlwr 17 .
Callahan Mlnins Company, regular quarterly
of M cents per ahare. paable January to
toik of record December "0
Montana Power Cumpnnv quarterly of 1
rr rent on common, and ta4 per cent on pre.
ferred. payable January ! to atock of record
December Ki.
Union lla and Paper Corporation regular
quarterly of IH per rent, pajable December
15 to atock of record December .1.
Continental Oil V.ompan quarterly of 3 per
cent, tunable December 17 Hooka close No.
ember II and reopen December IB.
CLOSING LIVE STOCK PRICES
FINANCIAL NEWS--NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATIo
FAVORABLE NEWS KEEPS
NEW YORK MARKET STRONG
Haig Victory and Railroad Information Combine
to Lift Prices Industrial Alcohol Goes to
112VL and P. R. R. Recovers Early Loss
High Points in Today's' Financial News
SubstciutM sjditi trac rtcortc' ltl stuchs tin the .Vein Yorl; llxchangc.
1'cnniilvnnta Mts loucst prUc louthrd (it ycais, but Inter rccoias. Curb trad
liitf bccomci more acttic on outside' btnlng. Coin, and cotton make iood gatna
on item nf (lencuit Halu's stuceiset. Italian vxchanye touches new low ricord.
7fni sltcr unchanged in Xcie York and London.
KrtW YORK, Nov. 21.
There was a cnntintmMon of the htroiiK' tone In the Btock market, which was
helped ulotiK liy'the ne of the Allies" victory. At the fame time many other
UemcntM contributed to make tho Mtuatlon favoruble to the Ions lilo and
i Justify j)urclias("i around pri'X.tllln,; prices In many Important circles the be
lief piecallcd that mlancen In railroad rates will tie apptoved l tho Interstate
Commerce Comml.sslon within u few das, and tin re was n more confident belief
that tho Ciovcinment will take tome action that will bmooth the way for railway
llnuncinc perhaps by the modifications of Tcdcral ltesere banks.
Delaware and Hudson, which haw lxen mibjectfd to constant attacks, after
selling at S8H. lose to 9-1. United States Steel common moid up to 98i, and
u number of the minor steel Industrials also made bubsttntl.il Rulni during tho
first half of the da
The sieatest R.iln was In Industrial Alcohol, which rose C points to 112. A
feature of the early nailing win tho sale of B000 shares of I'ennslvanlii, on
which that Mock dropped to the low record of IG, but liter advanced to 47S.
(iener.il Hlcctric made a gain of 4 points to 134U on llio announcement
of the offering of new stock to be subscribed for at par
The Liberty llond Issues drew i loser together, the 4s opening at 97.80 and
nd'.iiictng to OS 20, while the 3s, which opened ut Vi 20, later" yielded to 99.
Outside Interest in Stocks Increasing
The recoery in prlc s on the Stock llvchange this week has had the effect
of gradually Inci easing outside Interest, although In the main the rise has
been at tho expense of an uncomfortably large bhort interest. "What brokers
now are anxiously awaiting are the sjmptoms of a genuine return of Invest
ment confidence.
i This would restore what has been so sadly lacking, a real buying power
beneath the market. It is of significance that tho commission-house loans at
the banks today are not more than 35 per cent of what they were a jcar ago,
or during the great forward nioement of 1915.
This suggests a prctt thoroughly liquidated position. As stated in this
column jestetday, the monetary situation Is showing signs of hardening. "With
drawal for tho present of the money pool will lift that factor of restraint. It Is
known, howeer that the leading banking Interests will under no considera
tion permit the return of Inordinately high rates, and It is whispered In rcllablo
quarters a rate of more than C per cent for call money Is altogether unlikely.
This, however, Is one of the fett'ures of the situation that will gocn In no
little degree the future course of allies
One of the stocks that has had to overcome a bad reputation Is AmcrtSan
Stiel Uoundrles This is the only explanation for Its backwardness In a market
which has been featuring tho eepilpments. The company today is In the
strongest condition In its histor and has reduced its bonded debt to about
$1,750,000. What is more, the steel construction of freight and passenger cars
opens a Memendous field for future development. The company Is a large pro
ducer of freight car and locomotho parts. In two jears It will hao earned
$45 a share for the stock, which is selling only a few points aboe that figure.
Lackawanna Steel's Record
Lackawanna Steel provides another illustration of inordinate prosperity.
It was learned toda that the company has pin chased in the open market about
$4,000,000 of Its convertible 5 per cent bonds of 1950. The collapse of tho .specula
tive pyramid in this issue made It possible for the company to take over large
amounts between 90 and 95, and some below 90.
While speculative Issues have recovered, tho market for Investment Issues Is
still backward. Detroit United stock is an Instance In point. Its market now
is around 95, and a very thin one. The stock pays S per cent and last jear sold
above 125. In no year of the last eight has 'ess than 10 per cent been earned,
and the acr.ige for the period has been atiout 15 per cent. .
The lowest of all of the 7 per cent railroad stocks, with the exception of
St. Paul preferred, is Minneapolis. St. l'aul and Sault Ste. Mario (Soo Line)
common. At the present market the yield Is nearly 9 per cent. Tho stock has
declined for two reasons, the large Increase In operating costs, which has cut
into catnlngs nearly 40 per cent, and a very narrow market on the Stock
Exchange. The compans earnings record is un excellent one. It is controlled
by the Canadian Pacific.
Exports of Manufactures Quadruple
Some idea of the effects of three jcars of war upon tho manufacturing
industries of this country can bo had In comparing conditions in 1917 with
those of 1914 by an unalvsls of figures submitted by the National City Bank of
New York. The data Indicates a surprising development in exports and a largo
growth of the manufacturing industries of the country. Manufactures exported
in nine months to September 30 of this ear amounted to $3,020,000,000, against
$728,000 000 In the same months of 1914, or more than four times as great In
value. Iron and steel manufactures, as a whole, show a total export value In
the eight months ending with last August of $803,767,000, against $140,246,000 in
tho corresponding month of 1914, or about sW times aa much in value. Copper
exported In the eight months was valued at $249,670,000, against $89,713,000
three yeais ago, having virtually trebled In value. Other manufactures exported
showed corresponding gains. t
The apathetic tendencies of traders in outside or curb securities is Just now
more pronounced than on the stock exchange. This is particularly true of tho
copper section and In so-called war stocks. The silver securities, which have
been In tho throes of inactivity, revived somewhat on tho announcement of tho
largo order of metal for Government account, but the rcspons-e was not what
might have been expected or what would have occurred last jear, and further
indicates the llstlessness with which both professional and public participation
Is taking place.
jln.i: heavy. 17.401R 03; roush". wile
17 do
C'ATTI.B Hecelpta. 23.000 head. Steady, 10c
bbrherr its
HMKEP Iterelnta 20,000 head. Strona
J2,!K. Laraba. UT.40 aironff.
SOUTH OMAHA. Nov. 21. HOOS llecelDta
fliai head Market 10c hkher. "eceipti.
CATTtK Rerelpta. ll.SSO head. Killers ac.
tlve and afeadri feedera alow, lower. 1"'" ac
BHEBP Herelpta. 11,700 head. Killers alow
to lowers feeders about steady. 'v," "ov
KANSAS CITT. Nov. 21 CA.Ttl.K- n
eelraa ll.ooO head. Market aiea.lv r'"e"
llOOH Reeelnts. 11.000 head. Market ateadr
Others tic to iOr lower. ""rati ateady.
8HEEP Berelpte 70OO head. Market steady.
CHICAGO BUTTER AND EGGS
CHICAGO. Nov. 21. ROOK Rerelpta 70SO
cases Firsts, 4B94c: Ordinary nrsta. j'o'lc-
Elscellaneoua. caaes returned. 40(44e: mlarel'
Bseus.' esses Included llttlici dirties, vao
net, checks. 21030c: extra tillers. Sue, cartona.
8!e
BUTTKR Rerelnta. (ST.000 pounda Kxtrie.
44)ic; first. 8JV4 ltW: aernnds. 3H(.lne: a "
M&tiirrj process. .17ViOe. parkin sloef:
?eofecJ. rrrlces to retailers Tubs, ill,
-.(nts 48c
.' NEW YORK BUTTER AND V.C.r.fi
"tttfttaHir wunr. vnv. i. mrt-rttn n.in.
Crlret toe Arm. Hiati snort, law
MONEY-LENDING RATES
MIW IflltK Money on call opened at
5 per cent: high 5VS ; low 1; last 5's ;
closed 5fj5'3, ruling rate 5 per cent.
No change was reported In the mone
tary situation today. The demand con
tinued light On Industrials 5 per cent
Is bid for three months and four months,
and 5?4 per cent asked Money was quoted
on good mixed collateral at o'lfau!-,, per
cent.
I'rlmo bank acceptances are unchanged
and onl moderately active at 54 per cent
for lncligibles and 3ijt3'i lor eiiBioies
IMIILADIII.I'HI l Call 5 percent; time.
GWB per cent Commercial iidper. three
to four months. 5 Vi f?C Ms per cent; six
months, 0 Vi & 5 ai per cent.
LOMION Money, 4 per cent unchanged
Discount for short bills 4i per cent Three
months bills 4 unchanged, lie Ileers
12t. Hands 3. - ,.
FOREIGN EXCHANGE
NKW VOItK. Nov 21 The foreign ex
change market today presented contrasting
features. The most Important develop
ment, probably, was firmness In Krcnch e
change which was attributed to the favor
able Impression reported regarding the tak
ing up of uffairs by Clemenceau On the
other hand, the progressive decline in Ital
ian exchange sent It to- new low records,
as has been the case every day of late. An
other feature was an easier turn In Scan
dinavian exchanges. Russian exchange was
absolutely nominal, without change In quo
tations, i
Quotations were:
Demand sterling 4.75 3-16, cables
4.7G7-16: sixty-day bills nominally 4 71U
& 4.7XV4 : nlnety-day bills 4.69U 4 60V4.
Franc cables 0.72V3. checks 0 71U.
Lire cables 8.79, checks 8.80
Swiss cables 4 38. checks 4.40.
flullder cables 44 H. checks. 44.
Pesetas cables 23.75, checTcs 23.68,
Ituble cables 12 W, checks 12 Vi.
Stockholm cables 41, checks 4014.
Chrlstlanla and Copenhagen cables
checks 3 4 VS.
INACTIVE NEW YORK STOCKS
FollovUng are quotations for Inactive
New York stocks and In which there were no
transactions today. The price given Is tho
last previous sale.
May ner stnr. RS.
-May Dent Ht- ..!?
?.:. l-'i Vrer ".'
A H K S F etfi 102
AH1SF pf 101
. . . U T.- II.
Ailam nxnress 111 vK. '.?' PI?.' 0
Advance Rumley . 11 Mln st f. ...i ''S..
Alax llubber . . 10. m" k" ; r"- - 7V4
Am Apr ("hem 711
Am Air Cliem pt lis
its ::". ""'i .
in ?:?'- f N SI RIK
Am Can Pf . I'l
Am Cotton Oil . aj;
Am rmresn . hd
Am Hide & I. pf -1V4
Am Ice p( . .4s
Am lea Sec .... 10
Am I.oeo pf ., 04
i.-ii"sst nref.nf
CI" KBn jt Xex ill
?," "i '."-r'--.-. V
M2i Vr.1"..ini..
sow
1 11'
Am Car & V pf . lt'
Am Smelt pref A H2V4
Am smen 11 . . mi
Am Sucar nref HmV4
Am Sumatra pr. (
Am Tel Cable . rill
Am T I. T 3d pf . I '4
Am Tobacco 170
Am Tub pf pew. M".
Am Woolen pf , H7
akxo n o 1st pf. .',
Aasn Oil ... 01 4
Atl Itlrm A All .. 11
Atlan Coast Line (U'i J ' Fll1
Raid I.oen pf.. Pill "hlo Osrt
3E,
BANK CLEARINGS
Dank clearlnia today compared with corre
sponding day laat two years'
1017 toia ioir.
Roston HH.Snil 371 I,1SHH4 ISO I1H.415
New York iiTS.15n.iM ll 'Jos raj j.-.'.nr.s.sc.
Philadelphia so hb.v.'ki nil ana.a.1'! J7 0H 40S
Haltlmore
ChlcaKO .
Ut. lMMi
ft 7M I7S
80.303 H03
-S..17.'.10J
k Jt7.i asn
8ll.i34.i:o
20 II3,3S3
H.fiOl "01
00.144. 83U
Refined Sugar Unchanged
NEW YOrtK. Nov. 21.-rnenned sugar is
Unchanged, with the American, National
and Pennsylvania companies quoting at
8.36c., Th Federal and tl) Warner com.
. KilvIaHjM i-t.iti.Lt. Hulk. .. I.
- smivvniug niviaent Hiniinue
TUrrelt ln nf .lflh
Ilatopllaa Mlnlns 1 Vi
lleth Hteel pf 84
Hrooklyn Uu CUs.inv
Itroun Shoe .... 71
RutterlcL . .. 10H
Cal I'acklnv Co at
Cent Leather pref nil
Chi t Gl W pref. 21
Coi t mo ldt pf. no
Cent Kdy Co.... 27
Compi Tab 32
Cent 8 Am Tel .11.14
Chi & Alton . . 11
Chi . Alton pf. I'lVi
Chi Ot West... 7
Chi ft N W pf...l4l
Cluett.l'eabdv pr.110
Col & Ho 1st Pt. r.u
Col ft bo "Jd pf . 45V4
Con O K li ft P..10
('out lnt Cal Mln. 17Vi
Cont Can pf .... 07
Continental Ins MVi
Crucible Steel pt. xn
Cuba Am Hunar .170
Cuba Am Huif pf.lOJ
Den ft Hlo U pf.. HH
Deero ft Co pref, -.Vj
Detroit ndlon,..121
Den ft nio Or.... ,,
Klea titor Hat..,, nact
(leneral Clear... .t"V
Oen Cla-ar pref.. Ii8
Ooodrich II V pf..lno
(Irsnbv Mln .... 7
(luir H MU 1st pr.in-i
llartmanorp ... J
Havana Klen ...101
liomeataka Mm .JOT
VJi
4-.H
7n
4T
(11
SO
New York Stock Sales
Net
High Low Close elm
Alaska Old M ... gy, i 2 Y
Alaska Juneau .. a 2 a "A
AllLs-Chalmers Co. 100 18 18V4 Vi
Am'IJeet Sugar .. 75V4 IWt 74V4 1VI
Am Can 3Ki 31V4 3SI&
Am Car & Fily .. az fll UV4
Am lnt Corp flV4 a1 Wf '
Am Hide & Ii.. .. 1.1V4 3V 13V4 V
do pref 51 V4 nV4 til 2
Am I.lnseed 21 2.1 2S V4
do pref 72V4 71 Tift 2V4
Am Locomotive . BTK. Bl til Vt
Am Malt U IHi 12
do pref fid A I Rd
Am Smelting ... 71 IS 7nv
do pref
Am Sum Tob ... Bl
Am fteel Fdy .. . flHi
Am Sugar Iio
Am Tel . Tel 101
Am Wciol 4.1
Am Writ Pap pf.. 'ifi
Am Zinc & Lead,. ISVi
do pref li','i
Anaconda fiS'Vi
Atchison ... 80 V4
do pref 84
Atlan O & W I., lot
do pref finvi
lialduln Loco .... tt
Halt & Ohio SI
do prof (in
lnlVi, lot Vi KH Vi
n.i
ni
3V4
At
nil
lnsvi loo
iV 41
2l")i
iH
42 Va
r.5V4
81V4
84
!)
r.0V4
.17
til
no
m
8fi
D7V4
44
Beth Steel 82 1
do 11 8.1U
do t c !I8
Tlrookhn It T ... 4.1
Hums Hros .. H2Vi 108
Hutte X. Sup Cop. is1!! tinV4
Cal Petroleum .. 13Vi
do prff . . . 7
Ciuadlaii 1'aclllc 13HV4
Central Leather .. D1V4
Cerre do l'asco 31 i
Chandler Motors nvi
Ches.i &. Ohio 48V4
Chle M f. St V 40
do tref in
Chic K Northwest 11(1
Chic It I & l'.ic t c 1DV4
do fi p c pf t c 42Vi
do 7 p c pf t ( 1'
Chile Copper .. . llVi
Chlno Con Copper. 41
111
1IV4
42V4
6V4
80 V4
84
loo Vi
BtlVi
B7V4
B2
no
82
1W
3V4
1W
Ii
.Vi
"a
1V.
'(.
t IV4
Vt
h
Col Fuel Iron .. 11
Col (las & I lee . 31 U
Consol Oas . . . 87 T.
Cont Can HlTi
Corn Products . 30
do pref . . . 01
Crucible Steel . . B8V4
Cuba Cane Sugar 21
do pref, ... 71
Del S. Hudson . 04
I) L & W 181
Dome Mines . . r.y,
Distillers Sccur 37 H
L'rle 11'4
do 1st pref . . 24Vi
do 2d pref 1H
C.ineral laec Co . 134'i
Cicneral Motors . . (10
do pref . 75"1
Ooodrich H V 30
Cireat North pref .!'.
(It North Ore sub 2d h
flreene Can Copper 30 H
Oulf State Steel . 88Vi
Haskell . Harker 30
lnt Agrlcul pref 3't
Inspiration Copper 44'
Interbor-Con Corp 7
do pref . . . 4(1
lnt liar of N .1 . 107V4
lnt Mer Marine . 2BV3
do pref . i
Internl Paper . 2C)i
lnt Nhkel 27j
Kan City South . l''(t
Kelly Sprlnglleld . 4tVi
Kennecott Copper. 31 V4
Lacka Steel . ..80
Lake F.rle (LW... !
Lehigh Vullev . . B4TJ.
Lee llubber & Tire 13
12
37
MJ
in i
31
T
48
3'l
liVi
DA
18 V,
42
B1V4
14
41
33 V4
30 .
81
81
28
01
S1
27y,
7
HRVs
1ST
14
31
11
21
18
129 131
87 Vi no
71
.1(1
92
21 Vt
31
8Vi
30
31
4 4V4
4V4
'
V
82 Vi '
97 Vi Vt
41 1
linn 1 14
18 1",
lifit 'S,
37 2
my, 2w
(15 'A -f.t
3 1 H', V',
(11'i Vi
48 Vi V,
39 V4 V,
7(1 1
0(1 Vi
lVi Vi
42
BUi Vfc
11 l
41V4
31
31
87?i .TV.
80 8
29Vi 1
01 1
B7V4 1
28 1
- 1V1
91
181
3(1
11
2 4Vi
18'V
-3Vi
.
"i
4-1
Vi
1
HI VS.
'!i
A
"i
'i
",
fl's
45Vi
71
30
92V4
2Vi
3(!
8Vi 1
30
31
44VS,
Vt
in
3
V4
y,
101V- 107V4 2V4
Loulsv & Nash
Manh.it Kiev
Max Motor . . .
do 1st pref
do 2d pref. .
Me Petrol
Miami Con Cop . .
Minn & St L new
Midvale
Missouri Pacific .
do pref . .
Nat Con d Cilile
Nat Biscuit Pf .
Nat Knam Stpd
National LVad . .
Nevada Con Cop .
N Y Air Brake .
N Y Central
N Y N H . H .
N Y O & W ...
Norf el West .
Northern Pacific .
Ohio (las
Ontario Silver .
Owens Bot
Pacific Mall ....
Penna It Pv ..
Peoples ( & C...
Pere. Marquette ,
Phili Co
Pitts & West ...
do pref
Pitts Coal
do nref
Pressed Steel Car
llOVi
HI0T,
24V4
B4
1BV.I
80 )i
28 U
O'f,
41'
2.1
41
21
1117
38Vi
44V4
17Vi
114
72VI
2 8 V4
20 Vt
10".
88
37
IVi
!'l
21
17
40Vi
14
28
21
B7
4Vi
80
B(!
Vt
1
V.
4
Vi
1V4
1
1
40Vi
22
72
3(1.
75V4
94
72Va
15'4
, Vi
143
. 20
, 3RV4
. 32 Vi
. 84
llnnla Cent .... OV.
nt Hurv 1ST J lif.lllU
lnt Nickel pref., 103.,
lnt Paper pf sta. il
owa central ... jy
owa Cent pref,.ini
hi. city rio of.. 43
Keok, ft DM:... i
I.R arif v pi., it
I.lK M Tob. ...200
MK M l iiri..jui
" "'.oX
I Si
nm
ixjrlllsrd ...,;.. 208
fiula a Nash. j. .1
larsar
Man!
Mont Powe
?.oiii ,'nwe
Morrln x, 1..--
Vat r!V5..U" Pf "'
"Nat Arm .r
Nat Iilacult $
JJ' r.n ft Stp'pf'n4
fat Lead pref lnncc
VcWWlSW 58'J
xr - r. ... . -"
N Y Docr
Snrt ft South
K.or.fu.w'"' "'
Jorth American
Nova Hrotla Mtt
..mi. r ue
Pan. Am Ta ..
Pan.Am Pet prior
IT (18
Pere Marn pref., nV4
Peoria ft bast vl
Pierce-Arrow ... 33
FMerce. Arrow pf. It
Pub Rrv fn jf J. lto
Ileadlna; 1st pf , . , 3
leara-noehiick pf.li'O
Ht L ft S P nref. 0
Savage Arma ... rb
H A Llna pf ... 1HIA
Htand Mllllnir pf! fo
Standard Mill ... RV1
btutz Motor ... . stui
Sup Steel 1st pf ino
Texas Co rts ... 10VJ
Tex ft Pao , ... 12
Third Ave 17
Tidewater Oil ..201
Tobacc- P-d pf no
Twin citv n T.. 71
T St 1, W ... 7Vi
T St U ft W rtfi 8
T Ht L ft W pf.. SO
Transue-Wms .,, 87
Underwood Typo.. SO
Underwd TvDoof.114
Un Was; ft P new. 81
V.nl'i CJ8tr pf.inj
United Dru ....
Untd Drue- lat pf no
Ilntd Druv 2d pf 75
United Dye Wood
1st pf Ill
United Paper brd ll'4
United Ry Inv... Z
VH Kxpress...: lfl
VH Really Imp. 1BV4
II H Ilealtv Im pf BO
II U C .1 P ft P.. IIS
II S C 1 P ft r pf 48
11 8 Rub lat pref 01
Utah rJeo Corp.. 12
Va Iron C ft O.. BJ
Va-Car Chin pf., no4
".Valls-Wrs-n .... 7
West rao R R... l7Vi
Whlta Motors ... 8.1
Wilson Co ...... 44VJ
3t-m&&
Pullman Pal Car.. I29V4 129
Quicksilver ....
do pref .
Ity Steel Spring
Hay Con Copper
Heading
do 2d pref . . .
P.ep I &. Steel..
do pref
Itov.il Dutch ..
st u & s r
Seaboard A L. .
Sears ltoebuck .
Schattuck Ariz ,
Sloss-Sheff S &
Sinclair Oil ...
Southern Pac . .
South P H Sugar IBS
Southern U It.... 21V4
do pref B8
Sun Steel ., 33
Studebaker 39Vi
Stutz Motors .... 37
Tcnn Cp & Ch w I. 12V4
Texas Co 144
Tobacco Prod ... 47
Union Pacific ....117
do pref 74V4
United Alloy Steel 37
Unit Cigar Stores. 87 Vi
United Fruit ...
Unit Ity Invest pf
U S Ind Alcolioi.,
U S Ind Alco pf.,
U S Rubber. . .
U S Smelt & Hef,
do pref
U S feteel
do pref
Utah Copper ..
Va Car Chem . . .
Wabash
do pref A
do pref Bv . . .
West Maryland..
do 2d pref....
West Union Tel.
W'tlnghouso Mfg
Woojworth
Wheel & It K
do ctf s
Wilson Co..-..
Wlll-Overland
do pref
Wis Central ..
1
(18
23j lVi
27
10 Vi
41Vi 1
3 IVi V
71 1
0
34
is 4- Vt
11(1 llOVi 3V4
100 ioo
23 24V4 Vi
B4 4- IVi
ISVi 1
79 Ms Vi
28 V', '
9
14
21
41
22Vi
107
37
44 Vi
17Vi
114
72
27
sovi
101
88
3(lVi ..
4j Vi
r8
24 Va
47 Vi
40Vi 1V4
14 Vt
28
23
.17
in
80
Bit
120V4 Vt
Vi Vi
1
40Vi
22 Vi
71 Vi
30
74 ..
91
74 IVi
15 Vi
OVi ..
142
20
3(1 Vi Vi
32 1
84 1
1S5 3
21'. Vi
B7
34Vj
38 Vt
37
12Vi V
143 2i
47 Vi
HSVi lldVa
73V4 7-4V4 1
37 1
87
117 v,
11 1
112 (1
01 1
BlVi
4(1 3
44 ..
07 Vi
2 Hi
f!7Vi
31 Vi
20ij
KlVi
4 IVi
32Vi
7B
0
SIVs
12
B2
11 Vt
78 'i
28
9T
4 IVi
21Va
40V4
22 Vi
107
37
44 Vi
17Vi
111
7IIV4
2
2 OVi
101
80'
31
4
08
24
4(1
31 Vi
11
28
22Vi
Bfi
41
80
.Ml
1
1
2
2V1
Vi
1
4 OVi
22 V4
70 y,
3(1
72
04
70 i
15
OVi
142
20
3Vi
31
81
155
24"i
S7
33
38V4
37
12
139 Vi
411 Vi
.37
88
.117 117Vi
IS 15
112Vi lOHVi
01 01
82 50
48 43 Vi
44 44
08 Vi 03 Vi
I Sales in Philadelphia
Utah.
Alliance Ins. .
Am Oas
10 Buff & S t c BO
do pref. . . .
(10 Brill J (1.. IB
1(10 13 ec Storage 40V4
sorien Asph pf B2
BO Ins Co N A. 2.1
S.ino Lk Sup Corp 11
288 Lehigh Nav. 81 Vi
77(1 do war vv 1 7
I Leh Valley . Rl
1 110 Penna 11 It
238 PhIK Hlec
Phlla It Tr
375 do tr ctfs.
82 Phlla Trac .
HOHeadg
loo Ton Belmont
47
23
25 Vi
88
72Vi
3
100 Ton Mining 4
to Un Traction 4 1
208 I'll Oas Imp ii9'.
08011J S Steel . 98
3 W Jcr & Sea 44Vi
Westmoro CI
York lly pt
Low.
B0
14
40V4
B
2B
1 IVi
BVi
(1
84
46V&
2BVi
ii
68
71
3
4
4 OVi
(19
filVi
41
Net
chso.
5
Close.
tto
t07
BO
439
IB 4
40Vi
B2
25
11
67 W
0
B4 Vt
47
2J
T2B
2.1V4 V
88
72Vi 1
3 ..
4 ..
40V4
(10 Vi
07
44V4 'A
t70
tQuotatlon given Is estorda clo e
.- rAmnttrril ltll
. .T."A"' . "'""?," .".n.""7e'Vh N week. 37.-
im .l,,.r..i .anil, wr Oil list '
r.lil,rrs.
Total aalea. 12.911
aiarnni
same inrriou
I10M1S
HUh.
$loon Am Oas &
Llec 5s . . 81
3000 Beth Steel Ks 79 Vi
1810 Liberty Bond
315 s 98.20
S30 do 4s. .. 98.20
10(10 Pa Co temp
rts 4 Vis.. 00
61011 PhlH Uleo
1st Ds .... 91Vi
2000 Heading gen
4s 81
Nit
Low Close. cbB-
81 81 ..
79Vi 7Vi
98.20 98.20 . .
117.80 98.20 .71
00 00 M
01 05
83 83 M
tlB.100
Iltn
Total ale,. I4.000. rompyisl 1jl! .f'Ji1
jeMerdavi tltlla fur Hits week, $00.0.01
period ia weea, jioo.n)... .
INACTIVE PHILA. STOCKS
Pollowlng are quotations for Inactive
stocks listed on the Philadelphia Stock zVt
chango and in which there wero no trans
actions today. The price given Is the last
previous close:
Am C.aa War ... 1 Vi l.h Vol Trins vt 38
Amer Mill 10 Lit Hros tj"
Am stores . ... 3j l.ittlo Schuylkill, ni
Am Mores pf . . OJ North Cent ... '.,
Huff ft Su.i tc pf r.i Thlla Co cum pf. 31
Cambria Sleel . Ill "wy Co qn . .
Oen Asphalt .... 13 Pn Cos of N J. 208"
Jveslott4 iei .... u 11 Pieei p . -".v..
Kev Tel nf r, U'nrulrk Iron . . SJS
: .' ..-.-.- .... ".. ... i - - 1. it.
i.en vai rrans tm vvm cramu
bU'
New York Bond Sales
lllch
linno Amer Aer dtb Is . in.
144IHIO Anmo l'rmrh '.s . 1J
1 till. I. A . Ciirntrn S.H.. TiA . 1111.
Ihiihi Amer Smelt & ltetln 3a M'
It
M
K7
x;'i
711 H
7T
711
nej
HVi
tin's
1..1
lltnill. Am. r TI fi
1MIC.CI Atrhlson Ken 4
"ii.i.il do cv 4b 11)011
Union Unit ft clhlo .Hi
into do .
10(100 do 4s .
"HIM do cv 4V4h
1. 01.11 llcth Steel 1st ." Itla
47II0II llronk II Tr ."is 101S
JTllll'l llordeaux lis
"ili.KI Con (!ovt 'H Ill-'O
I01111 ( ml Hit of N I r.M .
1000 Chill Copper 7m
irilnii Chea ft Ohio cv I'll s
join) do 4Vix . .
4M.no do onv ft
41.0(1 Chi (it West 4s
Ihonn chl It Jt o mint 4r .
ll.illlll Chi M A. ht P rfd 414 a Bl
iiono do Ken 44 a . '
licion Chi II I ft V rfd 4s .. ilj
lnitit no 1."
.'.(.nil Col Inlutrlnl ."
r nno (Mil of Paris ("n
f.J'.nn Con Ous conv (s
I'nuit Den ft Itto (Ir 4
Kino ltl Srctir Corp r.s .
innn l.rlo conv 4w Scr 11
r.'.no do 4s Ser P
Oli.nn Prenrh Republic 5'is
snnit Cen Klcc del. ft
B1X1O Huil ft Man rfd fta
1000 HI Steel deb 4
inno III Central 4s 1H31 .
"iooii lnterb Met 14 k .
27oi.ii Inter R T refi fta
120110 Intir Mer Marine fis
4(11111 Inter Papr da . .
loon lap new (1 S 44s
21.1 11 i.aika St. -l r.s 192.1
3Kin(i iiu r.s win
loon Lake .Shore iten 3H a
anno Ih Val of N V 4'A a
liiini 1.1k ft Me T .Is .
1IIIII. liorlllard 7a . .
111000 I.lhrrti Ilonil 3Via
1K7000 an 2d 4a
4711111. I.vnna lis
2"(inn viiirxeiiics n ..
ft'inoo Mo Kan ft T lat 4a
11 nun Met West of Ch fta
67' no Mo rnrlflc b m 4s
jnun Montana Power fts
471IHI N Y C ft II 0a
3000 do 4s .
(inno N Y City 4s in-.l .
Win do 4Via linlj . ..
2nou N Y llw adj r.s
:innn Nor P.ic Ken Is
li.no Ore Short L r.s .
10011 Pacific Tel fts . ..
innn Piciflc Tel r.s .. .
21IHIO Penna Ben ct 4V4 a
ll.no do en 4'Ar ...
IIK111 in 44 s 1921
4nnn Pere Mirnudte fts..
inoo Pub Svc N J fts
1 (.(Kin lleadlne Ben 4s .
l.'OOO Itep Ir ft -t fta
2'00ll St I. ft b P ujt ,
Kino do In ... .
2.M100 (In Ser A
IjOW
113
lilt
1H
M
tt.'S
SJ'
X7
si 14
7
Close
li. I
tins
hVi
92'4
SI
S7
S14
70S
loll
79
711
10V4
si
no
Kll
iniiVi inoVi 10015
-i. -1 70
f.11.
Jills
1.7
SI
I.2U
74
7U4
nvi
711
JtoVj
-Ma
iiiiH
iiu
74
7I'4
r.ivi!
mVs
r.i
SI
74
inn
(ll't
74
W
47
111
117
ft I
sm
74
li.
7K
112
inn
74V4
HO
B'l
T4M,
74H
Oil's 100
..Vi ri'i
74
44i
1114
97
11
84 '4
74
r.m
78l
92
inn
7414
its
87
in
HI'.
:i
47
Il4i
117
ftl
S4V4
74
riVi
7SV4
2
inn
74V4
9(1
S'l
71
III
H19S
70(10 Peuboard A L ndj fts. 44
innn smith Pao cv 4s
24nnn do cv fts . ..
innn do rfd 4s . ...
nnnii touth Iiwy sen 4a
0(M1 do fts
11 innn 1: s llubber .is ..
10(10 17 S Rubber (.s
2Ssnno It s bteel s f fts .
6001) Union Pao 1st 4a
4i.no U K O II ft I fts.
.140(111 do .H4 H IfllH .
47000 do ,1'4s 1019 II IH
I innn do ftHs new 1910 lm
2S00O do 6VS 192J ... 02V4
111
lll&s
111V4 llt'i IH'4
llll.w IIS. oil in
99 B0 07.80 98
RVi Sl'4
St
6S
S4U
64
ov
7Vi
no
97
HI "4
on
nii
01
80
no
97fi
94.
si1
so
8Vi
94
601,
44
61
44
7(1
8ft4
7BV4
60
02
7.1'
ino
98
R7l,
075
9!l'4
n-.u
no's
92
ST4
6K'i
KVi
64
S'l
i7
7Sl-i
!I0
1'7
21
r.n
ni
ni
nn
nn'4
'171J
I4S
81?,
80
MV&
l.4'l
r.nva
41
1"i.
70 i
S0
.. 70V4
. .. .1914
. .. nji4
. 71J
..100
...99
. . K8
siH
SIM.
68
64W
VI
on;
78V4
no
07
21
lid
in;
nl
sn'
nnuj
97S
0 44
M,
80
S1VJ
04
rit
44
61
44
704
88
7I1V4
.1014
H2H
71t
100
mi
S7'4
97H
nn'4
I1 114
I.7I4
92V4
Total (.ales. Sl.121.000. rooms red with 1,
SVI.IKM1 jeslerdavi thita far this week, $11,
230,0001 same period Inst week, 0,910,000.
NEW YORK COFFEE MARKET
NHW YORK. Nov. 21. There was a
steadier tone to tho coffee market today, tho
recent sharp decline apparently having
strengthened tho technical position A large
amount that had been hanging over tho
market was disposed of on the movement
downward. Consequently offers decreased.
An Improvement in futures at Santos,
where prices moved up BO to 100 points,
had more or less Influence here, and trade
Interests were fair purchasers and were be
lieved to be taking In hedges on tho theory
that prices had fallen enough for tho time
being,
HAIG'S VICTORY STRENGTHENS
TONE Of PHILADELPHIA EXCHANG
News of Capture of Large Part of "HindenbiW t ? ,
TCoflppfpri liv Substantial Rains in Pls-i Wne
Issues Here
The earlv weakness on the Philadelphia
Stock ttxchnngn was turned to sudden
strength when tho news of the British 'Vic
tory along tho "Illndcnburg line" near
Cambral was announced. Tho tone of tho
market continued to Improve 11s tho signifi
cance of this sudden movement became
more and moro nppatent. During the morn
ing session the turnover Mas extremely
light with stocks moving Irregularly, but
at tho close, although trading did not pick
up to any appreciable extent, the Issues lit
which there wcro transactions showed a
substantial plus In most cases.
.Ti CS. Ilrlll, at IB, scored the lTKest ad
vance 1 points lilectrlc Storage was up
4 at 41Vi; Lake Superior gilncd to
1154; Lehigh Navigation, at CG, was up
lfc rhltati.l ... . .
It T. certifies. i ,C c' al W. 1.
Philadelphia Traction showed' L"P
to C8 and Heading wasuTa VW
U. Oi I. was off 4 at oti P olnl l H
Annhult t.r.ee..i .?.at69H. and 0
States Steel gained IH to"sLH,J;j
was au'j. ioi
Further gains In earnln..
hy the York Hallways 'c'l ! '
stitement for October " '?,1'r b
which came out today. Th, '"',l H3
month Increased J4864 over MT?'! 'J
uer, i-jii,, and tho net Inrnml "r 0.l
a gain of , JH.4. .V&'XSSI
sru-is earnings toUIed J551 71J .iM1
TMnPTP.AQTTTi n TTHAr A XTrv T7it--vtvt TTm
BRINGS GOOD TRADING ON CUR
Cessation of Liquidation on Stock Exchange Reflpof J'j
""" '"-xtuuuit- 10 execute
Orders at Advanced Prices
' ,:r':!r,e;:r..!i.,b;Upr..,ono .,he curb s - SSrL1j.'
...i..tcc.i uciuuiiu iur jiuineioiis issues com ng from lmtl. in.i.i. ' ,ul
outside public. b0th lnsltl6 80rws m$
fpCvlflnri nf 1tnnl.1nlin.. 1L. rti .1. h . e
diminished offerings around prevailing notations, an Tcomt ?v fl' T
trouble Involved In executing buying orders, even qt advance,! .w """"H
The war order stocks were among tho most nromlnom eP.'CM- .
Plosive ranging from 78 to 7?i. WHglit-Martln being traded in at 7u . ?&-'
Curtiss selling nt 28V to 27i. at 'H to 'S.uJ
There was continued good demand for Triangle Film, which sold ., ,
Tho motor stocks attracted attention l,v th. -!,-' "..'0,?atl
1 an J.
attention l.v thn u. """" ttj. ,
United Motors rose from 15 to 16V4. and rh. ,V-s i.""" r.r. "f4j U.
hevrnl.l t -. . . . "T" "suss 1
sold nt 14 to 14V4. Inteilubo Chemical was firm, tv.ii, ' ," .. I?.65'
Oil stocks were nctlvn nn.l Birr.nn- sn.i . ... . ul,7 and 3U. 1
-. . . ....u.lt,, 4.iiiiwtT.sr mnvmi .. a ... .
Merritt sold nt 25 to am. Mining stocks were Irregular
miueu prominent, selling ut 1J-16 to 1 3-32. " "aa en.
INDUSTKIALS
nid
IMIUSTItlAI.S
. . .... nid
Aetna Explosives 714
Am-Brltlsh JIfg 4
Am Marconi S
American Writing Paper IVi
Air Itcductlon 70
Canadian Car Co 10
Can Car & Fdy picf.... 34
Charcoal Iron o-,
Chevro et Motors 0 1
Cramp r.o
Curtiss Aeroplane 2R
Carvven Tool s
Carbon Steel 7.1
Kmerson Phonograph ... a
Federal Ti 0 r
Ilendeo Mfg so
Inter-I.ube 3
Kathodlon Bronze pref. . 1
Lake Torpedo Boat 3 H
Lehigh Coal Sales (11
Lima Loco 40
Maxim Munitions ,
Mnrlln Arms so
N Y Shipbuilding 30
Nor Amer Pap Pulp.... 2
Otis Hlevator 40
Test, close
Ask (Sale)
Yes rlrme
Ask . (Sale)
12&
00
1.1
1
01
10
7
II
10
OH
1
Vi
3s
in
30
7i
1
7
K
2'i
2V4
7.1
20
40
7Vi
(id
7-
20
II
80
Vt
I.".
28
3Vi
4
Vh
H7
31
, S
40
1.4 Vt
70
in
70
lovi
14 Vt
l(IVi
75
Hi
m,
1014
3."
n
7Tk
Peerless Motor
Poole Lng
Redden Truck
Scrlpps-Booth
S S Kregc vv I
Standard Motors
Steel Alloys
.Submarine
St Joseph Lead
Todd Shlpbul ding . . .
Triangle Film
United Profit Sharing.
U. S Steamship
United Motors
United Sugar
World's Film
Wright-Martin Air ...
Zinc Concent
STAMIAKO OI(. MOCKS
Illinois mo 100
Ohio
Prairie Pipe
S O Cal
SONJ
S O N Y
ini)epi:nik.t
Barnett Oil & Gas
Cosden & Co
i:ik Basin
Federal OH
Inter Petrol
Houston Oil
Merritt Oil
Midwest Oil Ill
Met Petrol V
Ohio Fuel , 14
Oklahoma lief mH
Osago Hominy G
Rice OH 3-32
Sapulpa Ret 8'H
Sequo) ah i
Sinclair 14
United West Oil
MINING STOCKS
.287 2U2
.225 238
.218 22.1
..10.1 S10
.240 2S2
OIL STOCKS
1 1 Vt
Vi
7,i
3
11
2.1
23V4
110
A
17
7
714
B-32
tl
Tii
in
11
7
7
2'i
llVi
231,
714
70
coy,
28i.
0
31',
54
2V4
70
li
14 Vi
16V4
1V4
':Vt
15'Ji
7
son
247
1
7
2T4
11
21H,
23 V4
114
Vh
1
7
8-.12
874
1!
Nixon Nevada
MINING STOCKS-Conllaort
nid
Alaska Standard
Atlanta
Big Lodge
Blsbee Copper (a pros) .
Butto Copper & Zinc...
Butte New York
pal & Jerome
Con Arizona ,
n
8
1V4
VS.
61,
n
iiV
1
13
0
1
0V4
14
I'll
sVt
1
0
'i
ii"
First National
Colddeld Merger
Oojdfleld Cons .
Cioldflcld Florence"..""
Ooldllcld Kewanas ..
Creen Monster . .
Heca Mining .. .'.',""
Hovvo Sound . . . , '
Independence Lead ...'
Jerome Vcrdo ...
Jim Butler '
Jumbo i:tenslon . .".'.
McKlnley Darragh ....'
Magnato Copper
Magma Copper
Mother Lode ,'
Mines Co of America'.'.'.
Nevada Hills
Nevada Wonder . ..'.
Nlplsslng
Ohio Copper
Hay Hercules
San Toy
Stnunrt . .
Tonopah Kxtcnsion Ill
United Verdo so
Whlto Oaks 3
White Caps u
Yerlngton u
IIO.MIb
Bethlehem 5s 974
Cosden Oil 6s j
Cosden & Co Cs 71
Cudahy Bs 91
Russian Government Ks SI
Russian Government 6Vis 03
Southern Railway 6s.... so
Sinclair Oil 6s 92
Todd Shipbuilding 6s ... 99
3
Sa
in 3
14
3
414
V.
76
11
60
H
3H
29
1
3
IV
714
14
3
19
ft
T..1 .. 1
a uSil
s
41
M
7
II
4
SI.
6
II
7S
17
II
H
M
II
t
is
14
14
II
ii
II
14
II
H; 4 till
4 j
c "
i
.. 1 u
Local Bid and Ashed '
i7 '.'.'im
is. ..rm n
"X "rJJ
iii 'IftB; t
Amer'Stnrea .
Ilrlll. J O
Huff A. us(l t c
do pref
naldnln
Klec HtoniRe ..
Uen AsphHlt .
do pref . . . .
Kes stone Tel .
do t c . ...
Lake Sup Corp
i.enicn .nov
Today
Hid Aik
30
14
or.
49
5S
40
14
50
U
00
11'!
5(1 li
34
10
87
r.o
osvi
4BVJ
Id
82
II)
113
llH
'.(
YultrJiir
Bid
.8(1 1
A I
Hft
88 ,
(10
m !!!
t.vb
LehlBh Valley T.4 J4H OP M
l'enna. 47 47 41i 11
Phlla Klec 2'. !ih i ,.-11
Phlla Co 27 21 M -.
. . J.V4 29 J'H. 2
4 'I W'i
do line pref
P II T t t .. ..
Headline
Tonopah Hel
Tonopah Mining ..
tlnlnn Traction ..
IT (1 I
If S Steel
York Hwy
do pref
Wm Cramp 4 Sons
1 m
m
117
1 p
GOVERNMENT BONDS s
T
ered 1030 ' ' j
:--::::;::;::;S!'!
d into .... '. 3
2s reels!
t.m n..nnn
iu reErtittered 19
3s coupon 1?V V
4s registered 1923
7? '"":"... .I.l.fed
;aP""'" .-.: i:;t.i.;i un
i-aSanU it KSCltrM 1901
K'w "VorW
Indon (pence)
BAR SILVER- . j
Today.rJbK
109 108 100& 14
70'H. 71i 796 !,.
31
J"i
414
22
144
2S
83V4
30
31
8
4014
Si
13T4
23
83
38
31 14
4'4 V4
22 1
144 Ti
284 Va
83 H
30 ,y.
.111 110V4 mi
7 o-rn 11 --iu.
47
"
70
37
22
47
18
70
37 i
33 SK
47 1
70
74
Total sales. 773.600 shares, romnured with
743.700 shares yesterdajri thus fnr (hu ;j"
l920.O0 sharesi same period last week, I.sil,;
Extra 8 Per Cent by Atlas Powder
NEW YORK. Nov. 21. The Atlus Pow
der Cotnpany has declared an extra dlvl
dend of 8 per cent on the common stock,
together with the u-jual quarterly dividend
of 2 per cent, payable December 10. Books
close November 30, and reopen December
tl. This miJus IS per pent" declared on
tMUmJ"; 7M&U.IV
December .
January
Kthruary .
May
July
faertcmber
Open lllcl.
. it ns 0 sr.
. II 7 .. .
. n ki
. 7 14 7 'JH
. 7 30 7.411
. 7.81 7.01
Tt
Low Close close
O 70 0 NO II ?
I IIO
.... 7 110
7 11 7 .-.
7 31 7 4
7 31 7.59
0 7S
II HS
7 H
7 SO
7 47
LOCAL MINING STOCKS
TONOPAH STOCKS
Jim Ilutler
MarNamara
Midway ....
Mlzpah Extension
Montana
North Hlar
Rescue Kula
West 12nd
Pld
.7.
.20
.10
.04
.14
.0(1
.10"
.01
aOLDPlELD STOCKS
Atlanta 08
lllue Hull pi
llooth . ...;,,; 04
Ulamondfleld II II 0J
Daisy ' oj
Kewanas 01
Oro 01
Sandstorm Kendall nj
Silver Pick OS
MISCELLANEOUS
Arizona United 52
Nevada Wonder 1.B0
Tecopa Mlnlne 23
Ask
78
23
.12
,0(1
.17
08
.1"
.07 1
.09
.02
.01
.03
.111
.07
.02
.01
.10
.21
1.70
.23
Financial Briefs
The New York Subtreaiury .gained 1100.-
000 from the banks yesterday, making a net
cash gain since Friday tof 13,127,000.
The quarterly dividend of 14 per cent
declared by the Philadelphia Electric Com
pany, payable .December 15 as registered
November 23, applies to the Land Title and
Trust Company certificates of, deposit as
well us the stgek..
The Journal of Commerce shows that
the agi-regate pond and note Issues of JtUa
i.adlna- railroad and Industrial rnrmmiin..
of tha United States and Canada maturing
In. Deeattr .amount .to MIUIiViitaP,
.n
6
3 -Year
Notes
To
Yield
7
.. . .t.l- Is Mt
Gai ard KlecMcity are es'cntws "' ,
not be done tollhout mirfcr unit conrn
In investment in Public UtllltV oana
amply secured.
$1,200,000
Continental Gas & Electric Corp.
Collateral Truit 6 3-Year Notes
Hated .Sept. 1, 1017 "Due Sept. 1, 19!?
Denominations 1100 1800 100O ,
These Notes are secured by deposit oj
$1,600,000 First Lien Coll. Trust S7o S. l'..pnr
of the above corporation, and arc convertible at
par into these bonds at 93 atpd interest.
The Company is one o the stronsest public utllltv compaslfl
in this country.
' Vetullrd circular on request.
INCOltl'onATED '
Stock Exch. Bldg., Philadelphia
"-i
'1
J
,
Vli
II ""Y"' - i-i-f
s
Brown Brothers & C.c
- FoimTHANDCiiKtrrrnrrSTREirrs
PHIIiADBLrillA
o
a i r
. Travelers' JLetters of Credit
Issued in Dollars for use in the United States, Canada, West'iS
Indies and other countries in North and South America.'
Under the terms of issue of fiur Letters of Credit, travel
.Sakor availing of fauM darin 1nwic;Jii
4Y1
ut4 t .Ml . -'.
i nt-irtTVliiiiiriiiMT' " ' h.i
A3m&VtfSK&i M
MatUl
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f.tr'
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