1. "W - t X-i-' ) I - ' - rv r. LwT . r 1 Ivj P W JRV- r-" i US S.i r PUs IV I l I?.' it EC .' ' !" si iff ?-. i'.v I vVv $ m a- rvr DW t M l-l - -M.. Tr .vw - )" W EVENING LEDGER-lILAtiELPHlA, THURSDAY, NOVEMBER 22. 1917 3 P -' w ' ' .il ' I II RE ILLY, MOCK CO. ANKERS SHORT TERM RAILROAD AND PUBLIC UTILITY ISSUES' DUE 1918 AND 1919 TO NET FROM 5 TO 8 DETAILED OFFERINGS ON REQUEST 206 CHESTNUT STREET riiiLAniarniA West Virginia Traction & Electric Company 6 Bond Secured Notes Due May 1, 1919 Circular on Request Bonbright & Company MOItltlS WISTAK STHOULi, Jr. Manager 437 Chcbtnut St., Philadelphia New York Bobton Detroit London 1'arla Chkagu Federal War Revenue Bill We have prepared, in booklet form, a summary of the Federal War Revenue bill, including tables of the Income Tax, show ing exemptions and amounts persons will be obliged to pay the Government. The subject of (excess profits Is reviewed, with practical ex amples showing how the amounts are computed. Ask for Booklet L-10, A. B. Leach & Co. Incorporated 115 South Fourth Street 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 we can offer on a very attractive basis. Information upon request. Naulty & Company Finance Building Spruce 1871. Executive Secretary Young- man. 31, with legal, financial and commercial training, desires posi tion aH understudy to President or Gen era! Executive of corporation, where tact, analytical and creative talent can be applied. Special experience In H.iles development und contract work. Mar ried and rejected from military sen Ice. C IIS, LEDGER OFFICII c WHAT IS MEANT-? FINANCIAL NEWS-NEW YORK AND PHILADELPHIA $T0CK MARKET QUOTATj IRREGULARITY RULES TRADING ON NEW YORK STOCK EXCHANGE Banking Interests in Control of Market Do Not Favor Sustained Bull Movement Now. Declines Follow Early Advances By When. An and If Ittued as applied to a security? By Technical Position of a btock? By Floating- btock? By Averaging Down when pur chasing stocks'; Why do investors do It? By a Voting Trust? What are Its powers? "THE LANGUAGE OF THE STOCK MARKET" L."!?. tUIe ! " booklet containing t deflnltlons of aver "mi ."!": I words and espresslons such m you read dally In tin newspapers and financial publications. Send for it. Ask for SS6-T. V. JONES & BAKER STOCK BROKERS Widener Bid., Philadelphia Hell. Walnut 1U90-1 Kestone, Itace 2Z0U. aw York Ho. loo Chicago 1'ltUburgli Direct Private Wires, JUNES li BAKER. Widener Blda., Philadelphia, Pa. Tou may send .me. your booklet "The Lin. (use of the Block. Market." " "n V: Varna . . AAireu Cltu Stale High Points in Today's Financial News Irregularity marked trading on the Sew York Stock Vxchangc. Price were Dcncrallu higher early, hut declines followed advances. Business improved cm i7ic Curb. Com was higher and cotton dull and lower, l'rancs were higher and lire lower in foreign exchange market. An extra dividend of 34 per cent teas dcclacd ly the Lackawanna Steel Company. The Texas Pacific Itailrond alio announced an extra of the same amount. liar siher was lower in 2'cw York and London. Nfiv voniv, Nov. ::. After the brisk advance In the preceding davs of tho week, tlio stock mar ket Indicated that good novvs luul been taken advantage of to liquidate recently acquired long lines and to realize on what amounted to substantial prolits as a icsult of tho support brought Into the market at its lowest levels preceding tho pajment on the Liberty Loan. This action must lio regarded as a natural se queiico of tho vigorous upturn In the maiket, as It is not to bo assumed that the accumulations of stocks when support was necessary were intended to bo carried after trading again becomes orderly. Tho assumption. Js also ica&ouablo that banking interests that havo tho market In absolute contiol do not think this Is tho proper tlmo for a sustained bull movement, but they nro earnest believers In natural reactions after ad vances, and are nut disposed to crcato a condition of artificial strength. This attitude was clcai ly shown by the tourso of prices on the Stock Ex change all thiough tho da. United States Steel common made an advance of 1 point In the fotcnoon to AS, followed by a reaction of about 2 points, and other stenl Industrials followed it closely on both tho forenoon an advance- and Iho later reaction. Thcro was a special movement in Marine preferred which, after advancing to 93 , declined to below 07, with most of tho telling duo to tho belief that another postponement would bo mado In tho settlement of the accumulated dividends on tho prcfeucd stock. v Tho possibility nlo c.shts that, with tho Incicaslns ptcssurc against tho Oeinirfii lines peave prospects mu become brighter and cause a readjustment of trading conditions not so much In the ditectlou of pi Ices as In a diversion of activity to other groups of stocks. Liberty Bonds wcie dealt In on it large scale, vv Ith tho 34s ranging from ?? to OS SI. The Is wcic tiaded in the icgular way fiom !'S OS lo !'S. COVERING MOVEMENT STRENGTHENS CORN Fears of Further Restrictions on Trading Cause Bearish Senti ment Oats Also Improves CHICAGO, Nov :: A covering movement strengthened corn today after It had i tiled nervous and er ratic Sentiment was bearish, but trade was narrow, leaving the market eafllv sue ceptlblo to congestion Tliero were fcirs that further restrictions would be put on trading. Hvcry effort Is being mado to get more cars Into the belt to bring soft grain to tho driers' Tempt r.iturcs In the country weie too mild to cure tho grain, but colder weather was forecast Hood grades re mained si a roe and continued to bring famy prices. 'I he tune at Liverpool wai linn. There were complaints that drought was causing dcterloiatlon over a considerable area In Argentina. Shipments from that country for the week were eitimatil at $00,000 bushels, against 1M4S.000 bushels last cat Tim high on January whh $1 20U. the low $1 lS;i and the close $1 '.'01, i 1 20i compared with $1 l'"v, the tlnal quotation of csterday The beet on May was ?1 1S14. the bottom $1 lfiV and the tlnal $1 1 7 T bid. against $1 17., esteida's last price. Tho high on December was $1.21'-, the low $1 L'S and the close SI 24 bid. against f 1 23ij at the end jesterda. Oats also Improved after having been Irregular. Cash houses supported the nidr ket and shorts tovered Commission houses sold and there was a good deal of pioflt taklng by longs The demand for tho cash article was good and receipts remained too light to permit any accumulation. The tone at Liverpool was dul' but firm The high on May was OSc, the bottom 66BHc and the tlnal 67atC bid, against 67c, yesterday's last price Leading futures rangpa an ioiiuhb Corn tntwr aemer December January May . , Oats December May Lard November January May Whs January May Pork- January Yes'day'a ltlsh IjOW Close i lnn 1 .'Uj 1 24'v 1 SI 1 24 1 '-'.Til 1 lOVi 1 .'((4 1 1S' 1 '.(lU 1 lflS 1 174 1 !' 1 K"T 1 17' 1 17. 07', 07 tin B7 B0J4 (1st; 7'. 7'. 7 27 21 24 12 24 (10 24 r.o 24 15 24 so 24 4-. 27 50 27 .in 24 S2 '.'4 SH '24 20 24 SO t24 72 t24 72 24 I.", 21 37 "24 30 Hid. tAsked 4 10 4140 I." S7 1 46.40 4623 MONEY-LENDING RATES NEW YOKK Money on call opened at 1; per cent; high, S; low, 2Vj : last. 2H : closed, Si'-3 : ruling rate, 4 per cent. The demand for time money is reported as heretofore, but Increasing activity In unchanged rates Is noted In prime bank ac ceptance Money on all industrials collat eral Is quoted at 5' fj 53i per cent, and on good mlsed. In which business Is as light as of late, iiiTibi per cent Is quoted Prime bank acceptances rule at 5 and 4 per cent on tnellglbles and S3i and 3i per cent on cllglhles riULAIir.MMIIA Call. 5 per cent; time. 5dJ53i per cent. Commercial paper three to four months, GVi5t4 per cent; six months, 55?i per cent. REALIZING SALES IS COTTON FEATURE Buying of Late Months for Liv erpool Account Attracts Much Attention m:v Yonrc, Nov :: Kcalizuig s'ales on all bulges featured tho cotton market today. .Wall street was apparently liquidating contracts purohusd at lower levels, and whenever tho news was of a. bullish enough character to causo ad vances, the prices Increased. Haily lu the session tho bujlng of lato months, especial ly May, for Liverpool account attracted much attention and there was considerable signltlcnnco as to tho reason tor these pur chases'. A fcatuic of the business on the call was the activo demand for May by one prom inent operator and by brokers usually acting for Liverpool account On competitive bid ding by these interests that option rose 12 points on the call, the tlrst sain being at 27 73c, from which price It advanced to 27 1r,c I'ommiss-lon houses. Wall street and one or two room traders were tho activo sellers, but the demand, which came from spot In terests, Liverpool and uptown parties, was good and after the call the buying Increased so that, by the end of ten minutes, March had recovered Its 23 points loss and was selling at 2S 12c, unchanged from the previous close. lea llofl Open Hull Low- l.aat December . . 2 04 nj 2s ;i jus.-, -js so January.. 2s 41 is 31 2S AH -J -J1 2S 32 March.. . . 'Jll 27 '"I -js-.'l 27 s7 s.m May . 27 '17 27 71 2" III 27 7.1 27 SO .lub ... 27 72 27(11 27 SO 27 SI 27 1.0 Spot 30 115 30 10 INACTIVE NEW YOIIK STOCKS Following are quotations for Inactive New York stocks and In which there were no transactions today. The price given Is the last previous sale. A n L S F etfK..in2 A u . s F pf...ll;U Adams Express... 118 Advance Burnley.. 13 Aianre Rum Pt jflH Alax Rubber . . . 3" Alatka Juneau .. J Allls Chalm Pf . 7. Am Art Chem . 7fl Am Acr criem pi uj Am can pi a 4 Manhattan El... ng .May per stores. 4ss: Mkh rentral .1 ,','g Mo Kan 4 T pt. . 714 llla - t- - --.- -'"lit k r n as - Am rar . ot. 1"4' Mont I'o.r J,, . ..... -----. w , -,' n', 4t to 94 , 12 llll'-i m Rmelt oref A 02V Am Smelt ,",, Am Sugar rref ...loj'i Am Sumatra Pr- Am Tel Cable..... 3 Am T t T 3d pt. 2W Am Tobacco .-..170 Am Toh of new. BJ Am Z 4 L rref 42V4 aSJo DO 1st pt. M A".,o,?"i-Avr.:: ?3W Am Hide I. PI Am Ice Pf.. Am Ice Sec .. Am Lco pf . Am Malt Am Mneu p"- Morris K.S?,,. ,'?Jj Nat Illsrult "" s--Nat lll.cult :, ,. J.n Stn nf o, ' Na Nat n . ,"". -- " i'uj uj .,. 14 pref innu FOREIGN EXCHANGE NEW YORK. Nov. 22 Business in for eign exchange in th early dealings today showed unabated dullness French ex change continued its improvement, reach ing a new high for tho recent turn On tho other hand, Italian exchange stood at the low record reached on Wednesday I'e Hetas dlsplajcd firmness and mbles wero steady In Scandinavian exchanges Chris tlania and Copenhagen were nt the low of Wednesday Quotations were Demand sterling 4 "j,1,, cables 4. "Of,, sixty-day bills nominally 4.71U 4 71h. ninety-day bills 4 6SU4 69 Vs. Franc cables B "1, checks 6 73. Lire cables 8.91, checks 8.92 Swiss cables 4.37, checks 4.39. Guilder cables il't, checks 44. Pesetas cables 23.80, checks 23,72. Ruble cables 12 VJ. checks 12. Stockholm cables 39 ,s, checks 39 ChrUitlanla and Copenhagen cables 35, checks 34H, . "'atltf'f.'u; JLXUA l4j O VJJIT1 HKjIKNT.S Ul' HLK.MAV imuv .- rsa.ea. Letters testamentary' n ih. t3P raatsa ahovs estats bavins' been irrunf-a n .1.- ..L" lined, all psrsons Indebted to the said estate ars requested to make payment.and those havlns sibis a .presenj mc same, witbout delay, al iS street. ll.deli.ta. "-'-' " '. - -HARAH T. nnnw .. JAfBH BRANNJSN. IUne AND TRUira coif. BANK CLEARINGS Hank clearings today compared with corre sponding day last two years: 1017 lOlfl mis Philadelphia .1.18,270,1130 tl1),42l).SOI Holiday New York .SA4,774.(IJ'I 713,743,013 Holiday Boston .. .. 47.RR4.H03 38.82U.hna Holiday Chicago ... 80,420,3.V2 7u,ll1S,2HR Holiday St. Louis..., 20.828.67J l,6S3.bl2 Holiday NEW YORK COFFEE MARKET NEW YORK, Nov. 22. The market for coffee futures opened' moderately active, with call prices unchanged to advance, ot three points. Trade Interests continued on the- buying side. TM'rffll1, Open Hl(h Loir Cloee iki A S3 CVS 6 80 B.M1 6 80 . 02 0 03 d 00 7.0 'i.ll.l V HV .. 7 21 7.2-. T.O'I 7 14 7,1111 7.23 7.11 7,75 7.30 7.21 7.111 7,40 ,7.411 7 43 .. 7.37 7.08 7,39 7.01 7.39 Raid lco P.. V Tlarrett Co pr ..JO",, llatopllas Mlnlne. Beth Stel . .. - JJ'i Heth Steel px . S4 BrooUhn Un Gas 101 Brown Shoe . 71 nuttr!c!i . . 10H Cal I'acklnu Co 3t Cent Leather pref 00 Chi & C.t V rref. 21 Col & o let Pf 30 Cent Fdy Co.... 27 Comp Tab ,.-,?:,, Cent S Am Tel .ll-jVi Cht k Alton ... 1J Chi fc Alton pf. 23V4 Chi at West... T Chi & N W of. ..141 Cluett.Peabdy pf.110 Col Mo lt "' 5flW Col a. f-o 2d pf .424 Con C. K L l"..lo;,, font Int Cal Min. 17$ Cont Can . s"1. Cent Can pt. .. J7 Continental Ins . all Corn Prod nref HI Cuba Am !us- 170 Cuba Am Si. rt.102,. Den i. HI" O pf 4i, Detroit i:dlson . 123 D.-n & Illo Or,. . g r.leo ator Bat.... 55 s General Clear... 36t (Jen Cigar pref . 98' t!en Motors oref, 7'iH (ioodrlch 11 V pf..lon Oranbv Mln .... T Dulf 8 Stl 1st pf.103 Hartman Corp .. 62 Haskell & Barker. 30 Havana Eiec ...lot Homestake Mln .107V4 Inter Con Corp pf 40 Inter Harv N J..1JJ4 Int Harv N J Pf.lllVi Int Nickel pref.. 103 Int Paper pf ta. 60j4 Iowa Central ... 44 Iowa Cent pref.. 101 Kan City So pt . 43 Keok i. D M . A Lake Krle W 9 IJt Krle I W pt . 23 Leo Hub i Tire 12 i.nr ft. m 100. ..011 s -..-v-j .TP St nn',' ."' M 4Q on0 pv.r.r, . Ohio Oas rts i Ontario silver "; e2u 2l r.l'JS i'ff r - 00 pr t , , t flg Pero Marouetls .. J4 r,'r,. M"r0,l,rf-- 404 Iforla 4 hast 44 Plerce-Arrow . . 32 rtere-.Arrow Pf n2 Pub Pry Co N J..HO Oulckslher 1 rteading- 1st pf .. 33 Readlnr 2d pref . ,m St L & S F pref. 2rt Sava; Arms ... no S A Line pf ... 18.4 Sears.RoebucIc pf.120 South P O Sucar.ir.i Stand Mllllnir pf. 85 Standard Mill '. . 83'i Stuts Motor .... 37 up Steel 1st pf.ino Texas Co rts ... 10H Tex Pae Third Av .... , 17 Tidewater Oil . . 205 Tobacc-. P-oj pf no Twin Cltv It T . 71 T St I, ft W . 71! T St L . W ctfs Rlt T St L & W pf . 30 Transue-Wms .. 37 Underwood Typa , 90 Union Pao pref 714 J'nlted Allov htl, .17 tin Hair & ! new, fll !',nt!'2 Qe Str HMO.! HnltedDrue .... 64 Untd grue 1st pf so lintel Drug- 2d pf 73 United Dye Wood 1st pf 5t United Fruit ....117 United Paoer Brd 15VI uscirtrit 48 U H Express..:. 18 U S Realty Imp! 15U U S Ttealty InTpf lo H B I. It nref.. 444 New York Stock Sales Low IH 11 S4U fll U 34 13 37 25 12V4 34!!i n.-. 73"4 nt 35 VOVn Illsh Alaska Gold Mtno 3!'i Allls-Chalmers Co 18 'a Am Beet Sugar . 7.1V1 Am Can 35 Am Car & Fdy Co 03 V4 Am Int Corp.... 55 U Am Hide & Loath. 11 do pref 0 Am Linseed 20 do pref 7.1 Am Locomotive... 55U Am Mnlt pref. ... 55 Am Smelting Jsh Am Sum Tob.. .. IIBli Am Steel Fdy.... 50 Am Sugar 08 Am Tel 3 Tcl...t08!i Am Wool 13 do pref . ... 88U B8'i Am Writ 1'ap pf. 2314 2314 Am Zinc & Lead It 11 Anaconda n 57 Atchison 80 It R6U do pief si K34 Allan Coast Line. 97 k 01 AtUn Gulf & W 1 ini 08".; n.itdw Loco Co... 38 BfiPH Bait & Ohio 33 r.2a do pref ooii (10 Barrett Co 80 00V4 Beth Steel U .... 3U HI do pref If .... 08 n:?. Brook Rap Tr .. 11 4l'j Burns Bros .... Ill 110 Butto & Sup Cop.. 17-4 17H Cal Petroleum.... 127 12'. 4 do pief .t7',i '(. Canadian 1'aclfle. .1:10 13 Hi Cent Lcatb ' 7'. C'erro do V.w .. 3l'l 31 Chandler Motors., ill 14 13; Clics & Ohio 48 ' 1R Chi Gt West pf... sn4 20'4 Chi M ft fat P.... iio1 37S, do pref "ITi Chi S. Nwn ..... HO 01 Chi r.I&Ptc,,. 10' U do fi p c pref t c 12 V4 42 Vi do 7 p c pref t c BJ4 32 Chill Copper IV'i II !i t'hlim 1 'on Cop... I2'i 4H4 fol Fuel & Iron. 3I l Col Gas el t:ioe . . 3 Hi :'' I'ntisol Gas . . . 87 4 87 Coin Piodwls i'B 28' 1 Cuii'lble btc.l M'l 1 "'"''-'! do pref . . 88 88 Cuba Cane hugar . :io',4 28-i do piif . 7!) 78U Uccie Co pief .... !lini 01 Del & Hudson . " "I Il 1,11V 181 181 lomo Mines .... 7 07" Distillers Seoul .. 37-4 :iR L'tio I31i 1l"i do 1st pief 21 23'S, do I'd pref mi 18 Hen lllcctrlcal Co 130", 118 Net rhE. Close 2 .. 18Vi V. 71 V 31 .. i4Vi n B4 2 13 M 57 25V1 73 M 35 55 1 73! V 54 1 55 07 2 108V4 10T ' 42A 43 88H Hi 23V4 1Vi 14 4 .18 '4 88U v 83V4 '4 07 00 57 riii 00 00 V4 81 08 15 110 17i 12U 37 Va 13IT 07 ; .'It 1H4 18 S0V4 38 7101 111 10 12 ',4 -r-S'fc H4 '.4 -4 -4 IU '4 1". 1 1 li 1 2oi; noai 23'h 27Vi ITS, 12 ill 80 5.1-1, Gen Motuis . . . . 01 tioodllch B F ... SliVi Great North pief 01 Gt North Ore subs i'i, Greene Can Copper :i7'-.-Gulf Stato Steel .. 88i Illinois Central ... OOV Int Agrlctll pref . . 33 i'i Inspiration Cop .. I Ha Interb Cons corp Int Mer Marine.. do pref Intern! Paper .... int Nickel Kansas Cy South. Kelb -Springfield Kenn Copper . . Lack Steel ... Lehigh Val!ev . Louis .t Nash. . Manhat Llev... Max Motor 25Vi do 1st pref 50 do 2d pief . ... IO'i I'ex Petrol 70 ',4 Miami Con Cop.. 20 Mtdvalo 4.1'i Missouri Pae .... 2 4U do ctfs MVi Nat Con A; Cable. 84B Nat Luain & Stpd :t7a4 Nat Lead 43 V.- Ncv Con Cop.... 17,, N Y Air Brake.. 113 New York Cent... 7 Hi N Y X II & II 27'i N Y Out A West.. 2fli, Norf i-West ..108 Northern Pacific . 87 "1 Nova Scotia Steel ill 80 :i.i"j :u 2.1 30 V4 noli 33V', 4.1-s. 7. 111!. ' tl'.i -. 34-4 n :io'i '. 87 Vi 'n ? 5', 1 8R 2 281, .. 78' Oi, N 181 4 2 7 H U 30 ll?i Ri J3- 18 !S, 128l 2-4 iti 2 3114 ' Hi 14 24 Va 3JVii H4 2314 Oil '4 2314 27 17 41 a:Vm 78 54 10 4 110 110i 100 ion loo 2.1 V'l 231 -4- I'S-i 2i i 13 i "Vis .. 88 33"i 2.114 00 214 2314 27 171A II 32 T 78 .1114 "A Va Yi V, 1 14 4 Ohio Gas ... Owens Bot , Penna U R . . Peo Gas . C. Phlla Co .... P C C & St 1. Pitts & West. do pref ... Pitts Coal ... do pref . . Pressed Steel Car 3-y, . 0014 47 sin, 28 00 2.1 57 1511 80 501 151: 771i 28 44 24 li -II 21i SOT, 4 3 U 17Vj 11.1 71 27 4 204 101 8714 04 30 'i 01 17 30 -Ji 27T4 on 22-4 5.1 14 4.1 80 30 Sales in Philadelphia High. Buff & SU to .. 4 Cam Steel... 115 SOCruclblo Stl 67?a BCon Tr N J. 00 35 Klcc Stor . 60 .10 Gen Asphalt 15 50 do pref... B2i 1030 Int M M pf. 08T4 loins Co N A. 24T. (100 Key Tel Co. 014 335 Lake Sup Cp H'4 438 Loh Navl B7V4 1082 do war w I 7 128 Leh Valley . 55?i 271 Penna It R. 4714 27 Pa Salt Mfg 88 20 Phil Co cum pref .... 31 400 Phlla Uiec 25'a 1300 P R T tr cfs 20 2 Phlla Trac. 68 200 Reading . . 7314 Ton Belmont Ton Mining. . -411 Union Tine. M 4.111 Un Gas Imp 60 B Un Cos N J.20814 62.15 U S Steel... 07!i lOOWcst'hbo lite 30', loWnrlr&Stl 814 W Jer & Sea . . inWestmoro CI Low, lis 57 OS 49i 15 525i 0814 24 014 11 501a 0 ni"i 47 ii 88 31 25 25Vi C8 72 4011 0814 :ooi4 00 soifc 8 70 Net Ctoie. chss. 30 115 .. B7 08 1 60 tt 15 B3 081 V 21 tt 014 2 11 67 14 55 47 88 1 31 2514 2li 08"4 7.1'A 1 t3 fl 42 tt 69 tt 20014 00 n4 30 li tt 814 - tlH4 70 inwestmoro v-i ,u , --, tQuotatlon given lscstcrdays close. ro.,.1 ..ale.. 13.22.1 shares. J.-Mtf " ,111V snares jeirn,.. .:,, ,,..k, oi.m m'iIhsh sliuresl 'suuie period sli irr. IIONDS Low. fin". Net chp 73 451i 08.20 08 7.1 151i tt 08.50 .3" 08.10 .10 HlBll. Iow- I'1" - ", yioonBcth stl es.nsrt nstt "'! ' lloo Lice ft: rcop Tr 4s ... 71 nooo Inter Rys 4s 451i 3700 Lib Bonds 3VSs .... 09 800 do 4s ... 08.10 1000 Leh Val Coal 5s 101 8000 P.i temp ctfs 414s . ... 00 TOOOPhll.i Llec 1st 5s ... 0.1 1000 I'll B & W 4s 07 01100 Spanlsh-Ain I 6-r . . .. 00 li 101 0.1 07 101 00 01 07 i on'i mrlml lust week, SIoS.OjO. Local Bid and Asked t BCi-s- SUBSTANTIAL GAINS ARE RECORDEDT SW BY STOCKS ON PHILADELPHIA 'CHAtflJi 1 Rapid Transit Certificates Advance More Than a P and Other Traction Shares Are Higher $ailroadU Issues in Good Demand IWai i Tha Philadelphia stock market showed good, Improvement today, with nearly all changes In prices to higher levels and tho trading broader than It has been this week. Rapid Transit trust certificates were moro active than they have been for some time, and although they vvcrb not dealt In previous to midday, they camo out In scant supply later and wero marked up Hi to 264, but lost a part of tho gain. Phil adelphia Traction also showed strength, advancing j on a small transaction, whllo Union Traction gained ?i on a fair turn over. There was a good Improvement In Lehigh Navigation warrants, with a fractional ad vanco In the price, while tho stock of that company was marked up a half. Lake Su perior was not nctlvc, but was a trifle higher. Electric Storage Battery gained half a point and Philadelphia Electric a fraction, whllo United Gas Improvement was lower. Cambria Steel, General Asphalt and Westmoreland Coal h.M .. General Asphalt prefemdl mL"' ' tlal advance. la6 Kb Keystone Telephone Com. ' . TneasjJrl"M m nsr&SL to inldafternoon. A r. i"ln Ml sylvanla Salt changed hand, ft! .', a point and lnsuranco Com?..? N America was down a Quarter l s """" biock3 were well i.l scored good gains. Lehigh Vail.. 5 l0 poimi nigncr. Read ng picked m UI and Pennsylvania a half, g?.? J was Irregular early, hut In tt,. .?Ilt9 followed the course In New York??, below th close of 5 csteraay , n u of tho session. Thcro was a comDl large turnover of Marlnu nrf??th, tho price a trlfio higher. -"'"" lt, Wno i r Lne ijUiemsf r Liberty Bonds wero dealt In Urtu. v VJs were up .10.100 while the 4? .V" iH ales, wero a liltlo lower. ",CaW 3 sales, INCREASE OF OUTSIDE INTEREST MARKS TRADING ON CURB MARKHfj Substantial Gains in Many Issues After Slight Recession at upening Aetna explosives Attracts Attention Again NEW YORK. Nov. m The most important feature of the trading on the Curb tvas'the incre&tei cat, side Interest in all the various groups ivlth substantial gains In many Issum ltui slight recessions in tho early trading. Nevada was tho most prominent of tho mining groups, advanclir u ;h of 1 7-16, and Houston Oil demanded most nttentlon amon--1. . n,. .... ." "" Today , Hid Ask Yesterday AK no Wl'j in M ,s, lll't 1 1 r.o 04 r,o 114 r.n4 Pullman Pal Car 120 'l 128 It Quicksilver pref Ry Steel -spring.. Ray Con Copper.. Reading Rep Iron & Steel. do pref Royal Dutch Saxon Motors .... St L S V Seaboard Air Line do rret 43 li 22 73 7.1 114 71 Hi 157 0 10 tt U S Hub 1st pref 6s v,.y,r 111111 pt, weua-r argo Sears Roebuck pf.14 Schattuck Ariz ... 20 Sloss Sheff St & Ir 37 Sinclair Oil .. .. 32 Southern Pacific . 8 4 Southern R R ... 25tt Southern R R ... 25 Vt Sup Steel 3714 Studebaker . ..41 Tenn Cop & Chem 12 Texas Company ..115 Tobacco Products. 40 Udwd Tpyewtg pr.113 113 113 Union Pacific ...117 lis im i Utd Cigar 'Stores. 80 8614 80 Utd Railway Inv.. 8 6 8 do pref 15 14V, 1114 V, U S Ct In P &. Fo. 12V4 11 11 tt U S Ind Alcona!.. 113 HOVi 11114 U S Ind Alcohol pf 02V4 0314 OStt H U S Rubber 5214 61 6114 .. U S S & Ref pref. 40 1514 4514 08s 00 0014 14 4 1 14 22 14 71 7314 04 6011 4T 15 0 10 141 10 37 3 Hi 8314 25 25 31 tt 38 12 142 47 83i& 1 30 1 10 1.4 78 Wi 28 4- 1ft 4114 2Hi 41 tt 2114 1 30 4314 1 17 li .. Ill 1 71 1 27 Va 20 Va 103 8 8714 01 1 38 li tt 60 -ft 47 .. 30 27 Ts tt 60 1 3J 53 14 114 1.1 1 80 .10 128 114 li 43 3 22 tt 72 7314 Vh 04 .. 71 4 Ti 15 0 10 .. 141 10 tt 37 tt 31 tt 8314 tt 25 ra 25 38 2 30 12 tt 143 47 Ainerl. in Stores . . lUllitlu. Brill Jt llultalo &uq I c .. do pr. t m.etrlu sUoniKo cKncral Asphalt 1I1, prof -. ' Ktvstotio Telephone .. do t c .. . -. Lull" superior orp .. L hlBh NavlEatlon ... LehlKh Vullcy J.Via.lrnttdraertrV:: ifi'ceSrisar: Philadelphia H T t t.. lti-adlns -,; Tunupih Belmont .... 'lonop.ih Mining Union Traitlon ....... Unltid !as Imn. . United htates btcel... York llv.y do pref -. IV m Cramp . Sons.. INACTIVE I'HlLA. STOCKS Kollow.ng are QuoUlon. lor ' inactlv stocks listed on tho Philadelphia Mock tx- change and in which there '',",., actions today. an 204 724 34 44 114 1.S4 Oil's M 32 t,s4 r, 1 r.7 2n 4.41 r.n r.n in r,:i in i,.l 114 r.-.4 23 2S4 31 M'i 724 :,; Ct 42 fill D0"i II 31 70 Bid 3il r.s 11 r.i im to it r.n II flu !.'!' r. 24 27 30 2.14 7A:? 44 404 ' 07 K 32 l,s .11 r.s' in 37 r.o, in 32 1" l,.l 114 r.7 x.44 8$ 2 i4 211 32 2rt 7 I'i 34 44 41 (.04 074 11 33 7U which mere vlo ..- The price given is the last previous close: Alliance Ins 10 Ainer 3aa .... 074 Am (las War ... 14 Amer Jill! 10 Ant stores 32 Am stores pf ... 02 Burt A. Sus.) tc pf Bl Bulf . sum pref 31 Key Tel pt .... 34 Leh Val Trans pt 38 il n.n, ........ r?' Little SchuMUIU. North Cent P B T .. wy co ur.. . - - -0(,ii-iTn C!na of N S.'-?i3j U S Steel pf.- VVm I ramp M 77 44 Leh Val Trans .. 27 W York Rvy Pf .109 . HHls . 33 New York Bond Sales llish J131000 Anjlo-Prench 5s .... JJJ., 2100 Am Tor Sec !' "i 200O Amer smlt S. Bef 5s S7 lunn Amer Tel ctt 4s 814 lOiino Amer Tel 3s J Kiiiiin Amer Thread 4h .... vn t anno Armour Co 44 .... J;' ll.uiM, nail .s s... " --;-i- til -l 71 11 HUH Beth St' tl 1st 5s '3C-.S SO .' 5000 Brookljn R T pa 10t8 01 J04 I'l n...,u, ti....i.ov fi S14 n' ' Low HO'i IU4 87 814 024 Jb't S44 81'4 Close 004 1114 S7 S14 03 imp; SI S'i'4 Xion N the new high stocks, being heavily traded In and advancing from 23ft to 24?,, the highest prlci reached In a long period. Aetna Explosives was traded in on a largo scale at prices ranging from 7h i-. i.uii.iss iuiikcu irom .o-?4 co -o, unu i iiil-.iiui un sola at (ft 10 lKt SnV, marine waa steady, with sales at ll'l to 14, There was continued accumulation of Triangle Tllm at 14 and 1VJ, inter.1" lube Chemical sold at 3U, North American Pulp at 2',, Air Reduction at 6 to 72, and Cities Sorvice at 208 to 209. Motor stocks ivcro again prominent, United selling at 15'i to 16H, Qerrt." let at C5 to (16, and Standard at 101J. Ainonr tho till stocks, interest attached to tho Mcrrltt Oil, which sola at 'lit to 2511. Midwest was string, with sales at 115 to 117. Mining slocks ive.'e Generally in good deir.r.nd. Magma sold at 3Si to 3!f Xipissing at 77 and S, and United Verdo Extension at 33. JU' 'tthlle t Jth t Initani t ( me ijittlct ,Jlc ,', Tl' po''r ', whole i po oth 4 Jwel' ' It " to cor ? not pt i utlstf .? Al ' CUter Witen J an over the be S I i .nnrn Vt. " V. IS nJnetv 'perci 1 T runni , Ingto pure) vi T nmt INDUSTRIALS Blrl 7 1ft 1 214 114 68 10 HI 6 62 60 27 8 7.1 5 n 20 3 1 3 65 40 034 904 004 03 ni flimui Iti.rrleaux 0s moo Can Oovt 5s 1021 .. 170HO lo 5s nun 20111) do 5s 1011 1,001) Cent Leather 1st OS 3UDII Chill Copper 78 .. ''' 34500 ('lies & OlltO cor.V OS, 70 4VHIII Chi B i. O joint 4s . 034 2imi Chi Jlil V rM t'-is. (.8 soul) do p 5s i lllllil do cv 44s ..... J- 100(10 Chi II U 1" rfd 4s.. 024 300011 city of Paris (is . .. 844 anno Cumberland Tel Bs . . oil 30110 Cerro de Pasco 'is . . 103 10110 Corn 1'roJuc-ts Bs '31s 074 lsonil Ills Secur Corp 3s... 7j 101100 Erlo ionv 4s Ser II... 394 isnn do conv 4a irer U .. 47 5000 Krlo cen 4s ........ J ll'inno Trench Republic 54 034 3000 Oen Kleo deb fs .... 07 2000 Hud & Man rfd Bs.. 574 12'sio intern jviei ris...... 21000 Interb It T ref r. 2000 Kan City So 5s.... 1000 Lacka Steel 3s 11)50.. 1000 Lake Shore Ben 3V4s. 2000 do dob 4s 1058.... 2000 do 4s 1P31 iio-n Loriuira 034 111) 004 03 .100 10091 109 -f UK 4L M T pref. 101 Itnr 111 CIS'DI LorlUard Ixinif III c Louis X. Nash 40 OR U3. riecember January .. February March , . Hay July .. .. September NEW YORK BUTTER AND EGGS NEW TOnK. Nov. 52. DUTTEB Receipts 8074 tubs. Market Arm. Quotations unchanged. EOOS Receipts. 8004 cases. Market for MscKay Co pref. 88 Manhattan Beach 1 ?8 West Pae R It... 1714 Wheel i. L U pref 22 White Motors .-. , 35 Wilson Co 444 Wilson Co pref... 90 Woolwortn 109 Woolwortb pref. .11H Hortn r Jil... 23 Wrth P s M pi B 11 .,eill-r.mg ..... inu West Union TL. 8J U S Steel do pref Utah Copper Utah Sec Cop .. Va-Car Chem ... Va Iron C & C. Wabash do pref A "West Maryland . do 2d pref .... West Union Tel.. 83 Westingh MfB ... 39 Woolworth ......11014 11014 110 1 Wheel & li B ... 10 10 10 Wilson Co ...... 4814 47 47 . 4 Willys Overland.. 18 17 is do pref ........ 70 10 70 .. Total sales. 690,600 shares, compared with 773,000 shares jresterdayi tlius far this week. 70 12 30 32 14 0 41 14 25 77 12 30 62 8 4114 11 25 82 tt 39 7814 1 12 30 a 5214 14 8 .. 41 -f- 14 tt 26 .. 82tt tt 30 i.mo.bOO sharssi same period last week 200 shares. 2,033,- 1I101OO Llhertv Bonds 314s, 1003300 do 2il 4s 280 0 Lions Hs 30000 Marseilles fis ...... 1200O Mo Kan . T 1st 4s. innno Met West of Chi 3s 1000 Mo Tac W I. 5s 0.1s innn do Bs 1020 C2H0O do b m 4s.. .... 2000 New Orl T & St 8. 24000 N T C & II 0s 100f do 4s 3000 N V City 4s 1937... 1000 do 4s 1038 9AOO An 414. 1D80 ....'. 0000 do 4'4s 1008 4.. s 53J 7114 754 80 734 854 844 11114 111 734 1)1 I'.H IIS 72 1.24 Mt 80 UK 07 7.1 304 4.1 OS 04 07 574 B3" 784 754 80 754 854 84l do 4'- 00 09 834 034 584 81 81 884 544 31 031t 70 00 80 i , 03 08 May 103T. 08 1)14 !I0 1104 111 10(1 734 in IIS lis 72 (.."; S3'. OH 103 074 3'l4 15 (IS l)4; 07 574 B3. (li '-2 754 80 754 854 844 111 08.00 08 00 Aetna Explosives Am Brit Mfg Am Marconi American Writing Paper Air Reduction Canadian Car Co. Can Car & Fdy pfd Charcoal Iron , Chev rolet Motors Cramp Curtlss Aeroplane Carw en Tool Carbon Steel Lmerson Phonograph . . . Federal Dyo Hendeo Mfg Inter-Lube Kathodiou Bronzo pref.. Lako Torpedo Boat Lehigh Coal Sales Lima Loco Ma-vim Munitions Marllu Arms N Y Shipbuilding , Nor Amer Pap Pulp Otis Elevator Peerless Motor Poole Kng Redden Truck Scrlpps-Booth S S Kresgo vv i Standard Motors Steel Alio a .Submarine ...., St Joseph Lead Todd Shipbuilding .... Triangle Film United Profit Sharing . U S Steamship United Motors United Sugar World's Film Wright-Martin Air .... Zinc Concent Tcs ilo.e. Ask (Sale) 80 30 40 12 60 13 3 01 10 7 13 1(1 70 1 Va 3 10 30 7 1 7 8 2 214 73 2C HI 7 6.1 75 2814 0 80 B 10 28 3 i 70 15 87 31 !4 fit 28 9 'stt 3 !tt 2 40 14 70 10 70 Kltt 14 10 78 lift 3 1614 31 714 66 10 14 Hft 3 16 7 INDEPENDENT OIL STOCKS Coiflin, BH Art (ffiT) ? 1 a Met retrol ... Ohio Fuel Oklahoma Ref . Osage Hominy , Rico Oil Sapulpa Ref ... Sequoyah , Sinclair United AVcst Oil It 714 7 3-33 8 .... .... It ... 13.33 17 IVa IK 7yt ih t- Ml H I 14 1111 19 .. A A ' MINING STOCKS Alaska Standard 5 Atlanta Big Ledge 11 Blsbee Copper (a pros). Butte Copper & Zinc ... 6 Butto New York n. Cal & Jerome Con Ariz 114 114 STANDARD OIL STOCKS Illinois .... Ohio Pratrlo Pipe S O Cal .... S O N J .... SONY... .100 ..200 !!'J10 ,.508 ..250 200 207 230 224 615 253 BIO 2S4 INDEPENDENT OIL STOCKS Barnett Oil & Ga3 Cosden & Co Elk Basin .. Federal Oil Inter Petrol , Houston Oil Merrltt Oil . Midwest Oil . 1 . 7 , 71 . 2 . lltt . 24 . 24 .120 ltt 7 714 3 12 28 2414 122 1 . . 7 3 I Hi 23 28 IIS Enuru Consolidated . First National Go'dfleld Merger ....... 4 Goldfield Cons 37 Goldfleld Florence ....... 8 Goldfield Kewanas ..... 6 Green Monster llecla Mining 4 Howe Sound ., 3 Independence Lead 4 Jerome Verde Ts Jim Butler 75 Jumbo Extension 15 Magnate Copper McKlnley Darrah 00 Magma Copper 38 Mother Lode 30 Mines Co of America.... 1 Nevada Hills 8 Nevada Winder Hi Nlplsslng 7 Ohio Copper Ray Hercules ......... 3 San Toy o Newark i' Tonopath Extension .... l,"r United Verde 33 West End Con 60 White Oaks 3 White Caps Ift Yerlngton 12 BONDS Bethlehem Ds 97 Cosden Oil 6s 78 Cosden & Co Gs... 78 Cudahy 6s 1 Russian Government 5'4s 53 Russian Government fi'js 3 Southern Railway Bs.... 06 Sinclair Oil C 0J Todd Shipbuilding 6s.... 09 1.1 9 11 4 614 1 IK IH M 21i 5 40 It 8 1 44 3?i 6 II 18 17 A 63 3814 33 IH 1 V 'in 1H H K, 4 - , a IH: hive ', )1' t that vclco jrema yut ... 1 I'jUMI ' bOUE Itiytri ; 1 t .Cfev I the Na j one 'prlo .' ,'mur Till) 5 i Bra 9.1 ir SltJ si 15 1 4 il 3H 11 Va 14 33H-.. J 63 44. .' .1 Hi u IK ttlr. the itir in , , II II 97 M S3 83 97 86 66 97 ioi -Hl Hi IS nnn Tnrtn an all TCnv 1037. 08 11001 N T Tel tren 44 s .. 00 jonojor Pae 4s 824 onnn do gen 3s ........ 54 2100O Tenna gen ct 44s... 004 1000 do en 44.-. "'4 SO 81 l's -.ir 1000 Public Serv N J 5s niuin p.p. MArniieiin ua.a snon neadlnir Ken 4s ;) 2IIHO St 1, 1 -.1 " .n soil I'M i.i;j 37000 St b 8 P ajt . . r2! S200O do Ser A 514 3TOHI do Her IJ ... -72 KiikiO Seaboard A I, adj Bs . 44 100(10 South Pao cv 4s .. 704 linno do cv Bn Jn4 soon do rM 4s ... . 704 22nnit South Rwy sen 4s . 5 20000 do Bs ........ . JU, lOROOO II S Rubber Bs .34 2000 II 8 & It gs. 100 S00O II S Steel B f Bs 00 4000 Union Pao 1st 4 JS4 2000 do rM 4s .......... 704 40000 TJ K of Q Tl h I Bs,. 074 201000 do Bt4 S 1918 004 31000 do B4s 1910... ... 00 1BB00O do B4 new 1910.. J8'l Oiooo do B4 1021 n.i 1000 Va Rwy? B. J 02 3000 West Jfd 1st 4s. 38 1000 West Shore reir 4 75 08 si 81 OS R4; 81 884 34i 31 014 70 00 si ; 01 OS OR OS 81 824 R04 904 074 80 814 R.Vi 014 304 314 7.4 704 30 02 75t 100 7R Tl 07 094 074 024 02 38 78 08 04 si 81 38 84 i 81 884 544 31 034 70 00 814 03 OR 1)8 OR 00 824 304 004 074 80 Rl'i S.1U 014 r.n i: 51'i 714 44 704 DO 794 50 02 754 100 on RRU 7R! 074 094 01J OS 21 02 3R 75 DIVIDENDS DECLARED Baldwin Locomotive Works, recular semian nual of 34 per cent on preferred, psysbls Jan uary to stock of record December 8. Brooklyn Union Cas Company, usual quarterly of 14 per cent, payable January 2 to stock of record December 18. West Penn Traction and Water Power, quar terly of 14 per cent on preferred, vvest Penn Rallnaya, regular nuarterly of 4 per cent on Preferred, both dividends payable December 13 to stock recorded December 1. American International Corporation, quarter ly of ninety cents on common, paiable Decem ber at to stockholders of record December 13. Indian Refining Company, a dividend of 3 per cent on common, payable December 20 to stock of record December 10. snd regular quarterly of 1. per cent on preferred, payable Decem ber IS to stock of record December 1. , , Southwest Pennsylvania PIP Lines, quarterly of 13 per snars. payable, uewanr oi u nolo LOCAL MINING STOCKS TONOPAH STOCKS ...... ...... Did .75 .20 .10 .05 .14 OH in 61 Jim Butler ... MacNamara . . Midway ....... Mtzpah Ext ... Montana ...... North Star ....... Rescue Eula West End . QOLDFTELD STOCKS Atlanta ........ ... .-.-..-. .08 Blue Dull ..... .ui Booth !-. ."J Diamond B li.... ...... ...... "- Palsy .0- Kswanaa Oro n1 Sandstorm Kendall 02 Silver Pick 08 MISCELLANEOUS Arlrona United .22 Nevada IV onder l.JJ Tecopa Mining -3 Ask , .78 -.23 .12 .07 .IT .08 .12 .68 .09 .02 .05 .03 .01 ,08 .02 .0.1 .10 24 1,(11 .27 Tolnl tales. Sl.127,000, compared with SI,. 131,000 yesterdaT, thus far this iveek. 818,683,. OOOt same period last week-313,308,000. RAILROAD EARNINGS LOUISVILLE AND NASHVILLE Second week TJovember 81,638,745 8245,315 Prom January 1 65.812.877 10,036.408 WILLIAMSTEEL&&5ONSC0 ARCHITECTS ENGINEERS CONSTRUCTORS PHILADELPHIA and TORONTO Behind Steele Service is an Advisory Board of specialists capable of solving all problems of building construction, building equipment and floor space econ omy. Steele Service is comprehensive and practical. r&dbzd yZafi&wl BAR SILVER V VuA HIT Investing Money 'Successful Investing- of one's funds- does not merely consist In selecting good Issues. There are' times to buy as well as times not to buy. Six months ago was a poor tlmo to buy any'securlties. What about the present time? Subscribers to this Service are be- Ing given definite answers to all such questions as this. Let us tell ou about our Service. Atk for Booklet JVo. ff J MOOIY'S INVESTORS SERVICE t John Meat?, fnt. U Nassau li, Kv Tork. rL 4lW-4 Cvrt, $aa$u CHESTNUT STREET AT FIFTH SECURITY AND SERVICE' EOOS Receipts. 8004 cases. Market for I ' ',.p:LJr2r'?Jr5:. is ..- r -. w- iT ., Maaaatt t WW Tork. 1W. IlIsM 43t. I I frssh-catluired firm, for storage; Irregular. Ks. I EL?c,nj", " au.r Ir af atttr I Ter Tft. TSm. Htih Eeir I WNM V? " T f C, I , IN selecting your bank of deposit and discount, you will want Security in the form of caplul and surplus to protect your deposit. , . You will want a trained, far-seeing, management to render you Sirvic ana to safely invest your deposit in1 order that you may have it when you want it. This bank offers both Security and Safety for the depositor in its line-up. ' .CliHll $1,000,000 Earned Surplus - Utvii.Wi. Profits WW
Significant historical Pennsylvania newspapers