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EVENING LEDGER-PHILADELPHIA, SATURDAY, NOVEMBER 24, 1Q17
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REILLY, IROCK CO.
BANKERS
INVFSTMENT
SECURITIES
GOVERNMENT
MUNICIPAL
RAILROAD
AND
PUDLIC SERVICE
CORPORATION
DONDS
306 CHESTNUT STREET
PHILADELPHIA
AxAPITALS500,000,OOU
f SURPLUS (EARNED) ll
II $2.000,000.00 Ji
YSlxth&SgGanterjA
SJ5sPHIlADElPHWg5
War Stamps
Are
War Winners
United States
War-Savings Stamps
$5.00
Payable January 1, 1923
Costs in December
$4.12
This is a loan by you to the
United States Government
at ATo compound interest.
25c
THRIFT STAMPS
16 of them representing $4 are ex
changeable for $5 War-Savings Stamp
upon payment of an additional 12 cents
in December.
May be obtained on and after
December 3d at
Northern Trust Co.
Sixth and Spring Garden
Vi-,
Charles J. Bender & Co.
INVESTMENT BONDS
Members Philadelphia Stock Ex -bins
NORTH AMERICAN BLDG.
SPECIAL NOTICE..
fSS DONATION' IIW AT Till; LAMvENAC
Z IIOM'ITAI,, TlintMVY, MIVEMIIKIC
SITU. Ill 17 (TIIANKM.IVINO Dill,
Donation! In rai will be. Kr,tefull received
bv the Treasurer Edmund II Tiilmcr at the
em.ee nf Drexel Sc Co . Chestnut and Klflh sts ,
or at the Hospital, Corinth. an and (Ilrard nves
Contributions In goods may bo ttnt to tho
Hospital or will be called tor
All friends curdiall Invited
nuitAi'i; i: smith.
President.
I.H(iAI. .VKHTI"KMK.VT
'rf-V itati: or Catherine dooi.ey.
MVzU Deceased. Letter testamentary on tho
above estate bavin? been Krantid to the. under
lined, all persons Indebted to the, paid estate
r requested to make payment and thoe hav
ing claims present tho game, without delay, to
JOHN KENNEDY.
1250 N. Warnock St.. Philadelphia.
Or to his attorney,
CLINTON A SOWERS.
903 Stephen Ulrard Hid;:.. Philadelphia
le-Va TO THE STOCKHOLDERS IIP THE
COMMONWEALTH CASUALTY CO.
Notice- Is hereby given that the annual meet
Ins of the stockholders of the Commonwealth
Casualty Company will be held at the offices of
he company In the Drexel Rulldlnr, ltv of
Philadelphia, on Tuesday. January 22, 1018. t
10 o'clock a in . for the purpose of elerttnff Di
rectors and tho transaction of all other business
that shall properly come before the meeting;.
Notice la also hereby Riven that by virtue of a
Resolution adopted by the Hoard of Directors of
Commonwealth Casualty Compaiv at a regular
meeting thereof held on Novenibr 1- A D.
1017, that the artlon at u. snecla1 stockhoblera'
meetlnc held on the twenty-ninth day of August,
A. p 1917. In aad about the reduction of the
authorized capital of Commonwealth Casualty
Company from JSSO nno to I20H ooo hall be
submitted to the stockholders at said annual
meetinir for the ratification of said stockholder-!
and for such further action as thev may see tit
to take In and about the readjustment or
'""'fitT '"lu'tlon of the capital of Common
wealth Casualty Company.
Bv order of the Board of Directors.
E 8 COOK "Secretary.
DIVIDENDS
TnE HOARD OF DIRECTORS OF THE WAR.
mint COPPER COMPANY has declared u dlvl
Uend of seven per cent (71) on the preferred
tock of the said company payable December
IS. 1017, to holders of full shares as nf record
at the close ot business December 1. 1017
HARRY S IIOPPKR.
Treasurer.
DIRECTORY OF ACCOUNTANTS
Certified Public Accountant
Ocoru-.- K. Watson. C P. A.
13th tioor. Heal Estate Trust liulldlnr.
AUDITS TAX REPORTS
MONEY-LENDING RATES
nilLADKLI'IIIA Call, 5 per cent; time.
6054 per cent. Commercial paper, three
to four montha. S hi it 5 !j per cent ; glx
months, 5HvGi per cent.
FOREIGN EXCHANGE
NEW YORK. Nov. 24. Tho foreign ex
change market today ukowed the usual In.
activity of a Saturday and there was little
or no feature, aside from a slightly firmer
condition of Swiss exchange and more
Bteadlnehs In Stockholm cables.
Quotations were:
Demand sterling 4,76 3.16. cablet
4.16 7-16. sixty-day bills nominally 4.71 &
4.71 W. ninety-day bills 4.G9U 4.C9y,,
Franc cables 6.71 H. checks 5.73 H.
Lire cab'es 3.90. checks 8.97.
, Hw'ss cables 4.32. checks 4.35.
Oullder cables 44 Vt, checks 44.
Fesetas cables 23.78, checks 23.70.
Iluble cables 13 V4. checks 13.
Stockholm cables 39, checks 3SH.
Chrlstlanla cables 34, checks 33 H,
Copenhagen cables 33 , checks 33,
Jiirr.
13- . m
BANK CLEARINGS
today compared wfth
wo. ears:.
FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATjQ
MARKET TONE WELL MAINTAINED; New rri stock sales ill sales in TmH LAKE SUPERIOR 'WWW
REALIZING CAUSES SOME LOSSES
Outside of Selling of This Character Stocks Con
tinue in Scant Supply, and Movements Are
Satisfactory to Those on Long Side
High Points in Today's Financial News ,
The Xrw York mmkrt tone it,i u-cll miUntalncil. ItrnUsina snlei mused
some rrrr.tslojM, hut action of stocks ttn? anllsnelori to tiosc oh Ioiio .iMc,
Cr6 trading uas brisk. Corn hl'ihcr and cotton Irrcyular. Forcliin exchange
ifn Quiet. Jtar silver unchaiwed in -Wie York and London.
NEW YOUK, Nov. 24.
The market tone wns well malntalnr-d today, nltliough tho two hours of trad
ing finished up u week In which .substantial ndvunces had been made that nntur
ally Invited u good volume of realizing wiles. Outside of tho .selling of this char
acter, however, the supply of nUicUk continued scant and the market uctlon was
perfectly t-atlsfurtoty to those committed to the long side.
United States Steel common receded from tho high point of the movement
reached yesterday of !H1. realizing hales carrying Its price down In the tally
forenoon to 007, and other steel industrials generally sold at recessions of 1 to
2 points, with Haldwln Locomotive reflecting disappointment over the tact Unit no
action was taken on the- common stock UUIdeml on Thursday. Maiinu issues
were also In supply because of th further postponement of the preferred dividend
tettlement, with Unit stork selling down more than 1 point to 9..
The action of J. V. Morgan & Co. In announcing tho closing of the books for
subscription to the new Ceneral llleotrlc 0 per tent notes was responded to with
an advance of 3 points in Central Klcctiic stock, currjing Its price up to 135 In
the early trading.
Tobacco 1'ioducts was another strong feature, moving up 3 points to 51 "a.
Copper stocks generally moved within a narrow range, receding slightly nftcr the
opening, but the trading In these Issues was small and without slgnlticance. Tho
railroad stocks were quiet and gcnetally lower, Union 1'aclllc yielding r; to HHH,
and Heading declined about 1 point to 71.
Liberty 3Vis opened at OS.flO and advanced to 03.04, and the 4s wcie traded in
at 97.62 to 97.90. Itillwny and other bonds were linn, with some Issues making
good gains.
Wall Street More Optimistic
Wall .street litis displayed a disposition to take oxer n more optimistic iev
of geneial conditions, peace has been the dominating Impulse. This does
not mean that any cxpt-etatlon has been raised of a definite date for ending the
world's struggle, lint it does mean that the week's developments have, been
interpreted as nullifying to a measurable extent tho unpleasant happenings of
the previous fortnight, .such, for instance, as the chaos that seems to havo
taken IJussia out of the war altogether and the collapse of the Italian army.
War no longer Is interpreted as a stimulative Influence for quotations of
railroads or Industrials not even the war stocks, intense activity prevails.
It is true, but it Is an nctlilty that is not showing profits, although contracts
technically are made at prices above cost. When, however, the labor situation
is taken into account and when the enormous taxation is considered, It will
bo recognised readily that the net .sums available as dividends for stockholders
are not likely to be an thing like ns proline as was the case when our manu
facturers wcie selling at enormous profits to tho countries,, that have now
become our associates in the war.
One influence of stiength during tho early part of the week did not last.
This was the highly optimistic statements by the lirltish Chancellor concerning
tho submarine situation. IIuveer, the brilliant victory of Kield Marshal Ilalg's
troops seemed to counteract tho marine disappointment, as well as did the fact
that tho Italians wero able to check the onrush of the enemy along tho Plavo
itlvcr and In the hilly region from the upper reaches of that stream to Lake
Uaidd.
Railroad Outlook Improved
Improvement In the railroad outlook was another factor In the Improved
feeling. The lallroad managers have been able to place hefoic the Interstate
Commissioners at Washington some convincing arguments showing the need
that exists for increased revenue. The Administration has let it be known that
It Is in sympathy with the needs of the railroads and there seems no reason to
doubt that, on the ground of military necessity, lellef of a substantial character
will be afforded and further demands of labor will not be permitted to at onco
upset the equilibrium thus established.
President Wilson on Thursday met the representatives of the railroad
brotherhoods and had a frank understanding. The railroad executives havo
placed their interests in the hands of the President and It Is to bo hoped that
the labor Interests will be satisfied to do likewise. At any rate, a strong Intima
tion has gone forth that In the event of serious threats of strike movements
designed to interrupt trafllc tliat the President will exercise his light and take
over the operation of the railroads for the period of the war. Such a develop
ment Is the thing least desired by tho labor organizations, and tho mere inti
mation that stirh action would result is believed in the AVnII itrect district
to bo a strong handicap against the tying up of transportation for the purpose
of obtaining advantages at a period like the pretent, when tho whole national
fabric must be utilised to win the war.
NEW YORK BANK STATEMENT
Increase in Average Loans mid Re
serveTime Deposits Lower
Ni;w YOltls, Xc'. 21 The New York
bank statement this week shows im reasc lu
average loans and reserve, with ilecrca&e
in lm. deposits lu both cases.
lH-tdils fullow .
AV'EllAUi;
lnreHe.
Loans . . fl.lllll .VlH dflll llt'l 'JsH unci
Net. demand dpositl. T3. I.M.JIS IHW !. IMI.IHllI
Ml'J.tisS.dfm
31.MM.Ollu
1113.2'JU,I1U0
1" ain.omi
sh, nan
lU'.lH'O
Net time deposits....
i iri uiailou
Caai In vaults
Reserve of member
hanks In reserve
banks
Reserve In State
banks and trust
companies
ltmurvr In State
banks and trust
depositories
AeRTeiiHte reserve...
Reserve required
Surplus ....
tt'n tei States dm
JSpecIa included, JK1.777.UOU,
-Decrease
ACTtJAI
Loans S4 ,174.Hd.'i,OOi) S'jt.c.vt.nno
Net demand deposits t3.i lo 7sj non .;t7 :ei4 imid
?l lime netiOMlts. . .IH.111.1 IHMI
Circulation :,lln nun
I 'a HI In vaults . JUO,;i,s,U'MI
jieservu in memuer
St 0.905. 000
J21.4S3.O0O
1ft.lnl.000
n.M,A7u.iinii
i.-.s.-rjo.mi
V.I.1..S.M.II
s,000
S, 114.000
fl.fii2.rioo
14 MM.lifin
-4 71H. ISO
iu.o2.iaj
in.
I 001)
1.IIOI)
.IM.OUU
bank s. Re.ervH
banks
Reserve in
b.inka and
companies .
Rserve Ln
bankH and
depositories
Astfregate reserve
Reserve renuired
Surplus
Jecreas
State
trust
Statu
trust
SIS. 130,001)
252,000
J21. 309,000 S,044,O00
II. 4 J.I. 000
r7I.Sl4 OlO
4sil,4sll,31ll
113.3ti3,090
0 317.000
2,120,01111
ll 252 .'ISO
4I.1JI.3Sij
tl'nlted States deposits deducted. $757,612,000,
SSpecle Included. Jsa.579 000.
RANK HTATEMENT
11
OUTritDi:
.STATU HANKS
Loans, Investments.. $453,070,000
Increase
!,32l.",00
455 4110
Mlu.tlUO
Gold 22.893,500
Currenc, bank notea 21,V70,S0D
ilepusUs. Federal Re.
serve jtanK or ,vew
York ... 3H.242 00(1 2.0SII 200
Deposits 5711,(14 11.011 1.445,100
Reserve on deposit. . . 1011 711.1.100 5.31S.5O0
Percentase of reserve, 20 3 per cent; decrease,
.3 per cent.
TRUST COMPANIES
Loans. Investments. . 12. Inl. 327,lno Id. 507. 100
Hold ... . S5.llH7.20ll 15HS,400
Currency, bank bills, 15,159.700 1.418.400
Deposits. Federal Re
serve Rank of New
York 17S, 033.000 27.293.400
Deposits U.Sill. 32s, rtuil 1131.1,100
Reserve on deposit . 83.1, 177.2110 II.SSII.OOO
Percentage, of reserve. 21. S per cent; Increase.
1.5 per cent.
BTATK IIANKH AND Tllt'NT COMPANIKS NOT
KCrullTINO 'IO CI.KARINO HOlIHK
laiant. Investments..
Hold
Currency, bank notes
Deposits Federal Re
serve Hunk of New
York
Total deposits
v.t deuoslts
Reserve on deposit
Percentase of reserve.
.1 per cent.
Decrease.
JD27. 0311,7011
a.i.o.'ii.snu
12.1U7.400
4R,584,R(in
1.054,UIIS,400
S.'I.UU, Kill
17.VUUI.MIII
7. 014, 200
S.HM.IlftO
145,000
1.410.300
29,770.700
4H.7H2.100
H.hUH.SIIO
.'4.3 per cent. Increase.
BANK CLEARINGS DECREASE
Total of AH Cities 2.3 Per Cent Below
Same Week Last Year
Bank clearings throughout the country
for the week ended today show grow ex
changes of 36,542,3:7.760, against 16.695,
145,951 the same week last year. Philadel
phia's total clearings were 3313,221,299,
compared w th 3260,017.477 the correspond
ing week a year ago. The Increase is 20.5
per cent.
Details follow:
1817 1010 rerc.nt
New Tork., $2,043.(150.64(1 $3,588,374,4(17 1S.2
ChMIO ... I'i;l?-:"J 85.671,15 4- d.
jpma oia.wii.avv 2u,uw,it -e zo,
302.sio.obs ao.i I
INACTIVE NEW YORK STOCKS
Pollovving are quotations fop In-cetlve
New York stocks and In which there were no
transactions today. The price given is the.
last previous sale
AlliS.r '"".J?? Mx Motor ",. , ....
iXYs XLWJUrr if
Ad-ims Impress.. .115
Advanco Rumley. . 12
'!.'r. Con r,
"- r .. -'iii it nnrt-ni
t.i.iaiins tnm nf m'v M t. "'
A.hx Kubbpr .... 5Q
Albs Chalm pt . 77
Am Art Chem . .9
Am Acr Chctn pf
Am Can . ,-,5-.'T.
Am Car . l',Vf-,nlL
Am Cotton Oil.. . 32
Am F.xpress .... M
Am Hide L I.. . 1.1's
Am Ice pt 4S
Am Ice Sec. .... 10
Am Loco PI .
00
. -'i
111)
74
5 !...fWr pf..in'
'llorr J Z '" - 3""i
Vat Arm-"""" I'M
Nat Illscuit .-;'
N rin.A ft" bf 94H
N?ni5"V,'J-5":f .ln4
AIll Smell Jirei n "-ts ki Itrt Me n' in
Am Smlt "i-.-.SSu Nt It It Mex "d r ?.
Am Punar prcf, . .10JV4 N O Tei & m,V'' ?,'
Am snimatrn pr. P NYC 4 st i x ?.1.
Am Tel i-iDi".... k y Dnch ! , i
Am T & T 3d pf. 0Jl Norf t Soutf.--' J,'1?
Am Ton Pi new. 01. jforf & ",,' ?'?t
Am Woolen .. .. 43'7 North American I5k
Am Woolen rref. Ss'i ohlo Fuel can- H
Am Zinc f I-fJ- 4 Ohio na tt,,V r,i
$.,oW..n.: g MJb? :: lh
,.?m io.;.- if P,SS jU' ' i
;r?;r r-i,i, ;... r.i . oi" i onor
Uarrett Co ..... ' i'n Pero farouet ." '.
HarfAtt i-n nr. . ,iun . Paf. t..-Z '
4.'-: : . t . x'lresr- i il w. ' r. ' i
Itrookly
urow
l.utt
rnt Xlv Co.... 2T
Comp Tan .....32
l prpr.. Jflu
,,.,t"r ri-l iTor,w Enet jt
r lrn a.. io ZrAWx ',!
rn Mnoa . .. ii I'hlla C,i . . ,V'
'r'r.1'.- .:- W" Pierre-Arrow " ii
Reading 2d ref.. ?,,
St I. t N F rref -! '
Net
llleh. Low. Closa. chge.
Alaska Oold M... 3 3 2V1
Allls Chalmers ... IHTi ltt 1V4 1
Am Ucct Sugar... 74 74 74 1
Am Can 91 asvi 30V4
Am Car & Fdy Co myt an Hi Vi
Am Int Corp .... A4 SV4 84 1
Am Hldo & u pt.. sin,, br 6U H
Am Linseed 2flVi 25Td 2" Vt
'io prcf 7314 73V4 714
Am Locomotive.. S.1 Bl',4 54 14 14
Am Malt 12 13 12
do pref mia (IB B714 3
Am smelting 70V4 714
do pref.
Am sum Tob. ..,
Am Steel Fdry.,
Am Sugnr
Am Tel & Tel..,
Am Tobacco
7 "
r
,103ii 103i 10374 V
BR 14
, 50
, 09
, 109iA
,17.1
Am Wnlg Pap pf, 2lli
Anaconda bo'S,
Atchison ho1)!
do pref R.TJi
Allan CJulf L W 1. 100
do pref noil
Haldwln Locotno.. an 14
Paltlnioro & Ohld . Slli
Ilcthlehcm Steel . . R.l
lo prof ns
Ilrook Hap Tr.m . . II
Hums Pros ill
Unite & Sup Cop. 17
Cn.1 Petrol inA
Canadian Pap.,.. 1314
Central Leather . n;ii
Cerro do Pasco . . 30
Chesa X. Ohio .... 4RU
Chi Oreat Western R
do prcf 20
Chicago M & St P 3R
do ptef 7514
Chic It I & Pae tc. irij-,
do p c pf t c. 13
do iiir pf t c . B2'4
Chill Copper .... 151;,
Chino Con Cop... 12
Col Fuel & Iron. . a,Tt
Col (ia.s fc i:ieo .. 3 1 14
Consol Oas R7
Cont din if
Corn Products . . . sol
Crucible Steel ... :,
V'ub.i I'ano Sugar, son
do piet 7r
Iieere Cf. pref ... 90
Pel S. Hudson . . . oh 14
ll L & v loo
llomn Mines 7
Pistiii Scour .... sfii;;
Krle 11 Ti.
do 1st prcf 23
Cien Kiev Co 135
(Jen Motors !i31i
Coodrli'h 11 F .... 3(114
ir .N'ortli pref... Vi
ir Noith Oie subs 2R
Jreene Can Cop.. 314
(Rilf State Steel.. R7
Int Agrieui 13
do pref :is
inspiration Cop... 4414
B7
as";
99
10
173
24 i
BR'.(,
S3 14
99
no 14
APH
BSlf,
Rl
9R
1314
11.114 114
1714 17"
12
135
on
214
17
7--)i
20
.1714
75
is
1.1
.-.I
ISOii
12
BRV4 1V4
BB 4- "n
99 1A Vt
109
173 3
244 li
BR If, Is
8014 ..
R.IVl ..
9914 "tt
ooii 14
BB 3
B2! '4
Rl 2U
9R "A
4314 '.4
114
12 Ta
flU's
.10
4R
7i
20
:i74
7514
1R11
43
Int Harv of N J.l07ii 107
int .Mer .Marine.. .
do prcf
Intern! Paper
Int Nickel
Kan City South. . .
Kennecott Copper.
Lack Steel
Lehigh Valley . ...
Max Motor
do 1st pief ....
.Me. I'etrol
Minn & St L new.
Mldvale
Mo ICim & Tex. ..
Missouri Pac
do ctf.s
Nat Con Cable. . .
.1.1 ',4
31
(Ul If,
95
21)14
SB',4
28 a,
7R!s
9B
93
190
7
30 If,
141 4
23
129 M, 120J
i!4 2'a
3014
1'1'Kl
27
37 14
R7
13
3R
431i
lBOi
43
MS 14
.1 1 14
sW,
0514
2914
StiVn
S09i
7Ri,
on
93
190
7
30 K,
114
Ii
4- ',
r U
's
1'4
1
Vt
V
1
4-5
i;
1K4 Mi
S3
1
3014 .-92
Nat Knnm & Stpd. ;)$
4 3 Mi
IT4
(15
17
23l
B7
1014
80
National Lead
Nev Con Cop . . ,
N Y Air Drake.. .
N V Central
.V Y N JI ci II...
N V O & W ....
Norf & West....
Noith Pacific ...
Nova Scotia Steel
Ohio fins
I'enna II R,
Pitts & Vest
do pref
Pitts Coal
do pref
Pressed Stl Carpf 94
Pullman Pal Car. 127
Quicksilver pf ...
Ity Steel Spring. .
Hay Con Copper. .
Heading
Hep Iron & Steel.
do pref
Jloy.il Dutch
S.ixon Motors . . .
Seaboard A L pf. 1914
Sears Roebuck ..111
.Sloss-Klicff St & Ir ,10f,
Sinclair oil 31
Southern Parlfie.. HI
Southern It Jt ... 25
do pref
Studebaker
Texas Compiny . .
Tobacco Pioducts.
Union Pacific . . .
United ciLf.ir Strs.
United Ity Invest. 0
V S C Jr P & F pf 1714
25
0.1 if,
23
20"',
1714
.13
80
55
23
B3
7814
9 Ms
1414
41i
23!i
41
23.
37 4
4314
17 Ms
11114 HIS
71 -.0
27!, S74
19 "4
10(1
7Ml
9014
2.1 V,
27
I7'i
33
81
f5
241'j
53
79
914
4514
414
21
lii
4
3714
87
13
38
4304
107
2.1 W
9B
2 3 Ml
27
1714
33 If,
81
IMl
1
Vi
"f.
2";
'-f,
V4
'i
1914
ion
87 If,
1B
351.
4 7 a;
23t -,
B(114
4(114
811
01
127
23 4- Vb
1
79 4- 14
0V4 '
4414 14
l4 14
2.1-v, --Ji
4114 if.
24
37
43Ml ..
17Ml
I II 14 ..
71 14
27 4- y
10 Mt 4- Mi
Kill
87
5 2
S.1'4 1
47 ..
2314 4-
15
22
7iy.
79J4
91
B714
10
144",
51
- - . M
71
77 V,
04
70
5 '4
III 14
141
39
30
83 V.
24
r.74
3014
14314
in
4- 14
4- 14
1
4- If,
4- r,
1
1
4-
4- 14
V S Ind Alcoho'
V S Rubber
U S Smelt & Hcf.
U S Steel
do pref
I'tah Copper ....
Vu Car Chem ...
Wabash
do pref A
do pref H
West Maryland. .
West Union Tel.
"
K!4
80
94
127
22-!i
7 I In
78
91
70
514
1014
141
39 4. 1
.10 r.;
83 ', V,
24
57 '4 4-
10
II31-, 1
01 t-1
115 115 J 1514 14
ill HK IIDk 4-31-
8 14
17 4- Vi
112 1
51
4B')i 14
00 1
17
113 112V.
51 51
. IS-' 1 4574
. 97 08
.10914 lOH'l'i 109V4 4- ii
7914
30T(,
814
41
sir.
II
83
Westlnghouse Mfg 3 9 44
7814
30
814
1114
214
II
83
39
Woolvvorth 110
Wheel & L. K 1094
Wilson Co 47Mj
Willys Overland.. 19
do prcf 70
Wis Central 37
Total sales. 337.800 e. 4ire. compared with
52I.20U shares estrrdiiM thus far IhU vve4a.
3,ii'n;.(iOO sliaresi sume period Inst week, 2.633,
300 sliiires
7814 i
30 4. i;
8'4 4- o4
"'
21), 4-
II
83 if,
39 Mi
110 110 4.
014 10", ',
414 4-
1914 14
:i 9,
37 ..
4(114
18
(19IJ4
37
Hlch.
10 Baldwin Loo B.1
17 Klec Storago 4914
10i:rlo IS
(Jen Apphalt . .
do pref
3903 Lk Sup Corp 12Mi
IBS Lehigh Nav. 0714
833 do war w 1 7
Loh Valley. ..
37 Penna It II. 47a',
27 Pa Salt Mfg 7"4
110 I'hlla Co cum
pref 31
170Phlla i:iec 25
227 V 11 T tr ctfs 27
10 Heading .... 71
USTonopah Pel. 3
Tonopah Mln . .
sidtiai 8i4
1900 U S Steel... 07
BWarl&S.. 8i4
W Jcr & S S
lOWcst Coat... 7
Wm Cramp
Low.
fl
4914
IS
11
Bd
0
47V4
87
30 VI
25
28
71
3
08
07
8V4
70
Net
Close. che,
65 ITa
40 V
15
1414 ..
T5
11 V4
57 V&
i4
tJSV
47 4- Vt
87 "54 ii
p0V4 V4
2B
71 V
3 4- i4
t4i ..
8RV4 Ii
07 1
V4
t44 ..
78
t70
'Quotation given Is yesterday's close.
. . . . ...I llh 11..
Total saie. 7M m jre-. rouiep -: - ,
307 share, jestenlari Hi"- '."'."'..u'".!!
810 sharesi same period last lo.vit
Net
cbec.
CloJ.
73 1
shares.
nosns
High. Low.
2Jfl0 Hlec & I'cop
Tr 4 73 721j
B130 Liberty Bond ... . ,
3'4s .... 09.01 08.50 08.50 .30
1000 Leh Val Coal
os 101 101 101
1300 Liberty Bond
4s 08 07.70 07.00 .10
10000 Phil K 1st 5s 0514 05 OSVi Vi
1000 Span-Am Cs. 00 90 09 ,s
Total sales, $21,850, compare.! jvlli 0.150
jrsterilnii thus far this week, ll6,930i same
period last week, 270,030.
Local Bid and Asked
Atner Stores
Ilrlll. J (1
Ruff A Suso t e ..
do pref
Itildwln
Rln HloraRe . ...
Clenprtil Asnha.lt ..
do pref 50
Keystone Tel 0's
Today
Rid
.10
18
55
40
r.-
4Vi
14
do t c
Like Sup Corp
LohlKh Nav
LehlKh Valley
IVnn.t
I'hlla Rice
Phlln Co
do Ope pref . . .
P R T t c
Reading
Tonopah Rrlmont ...
Tonopah Mlnlns .
Pnlon Trac
11 (I t
I' S Steel
York Rvvy
do pref
Wm Cramp & Sons..
(10
r.5
17
27
3D
2H'4
71
3i
4S
41
lis
Ofl'i
s
32
68'i
Ask
.14
IS
00
no
.-,5'n
COS,
10
52
10
1
12
57 '1
B5'-a
47H
25S
20
31
2ll4
71'
3
4'.
42
s4
97
II
.13
70
Yesterday
Hid Ask
.10 34
10 18
55 0
111 50.,
5(14 5'i
4lllj 60's
11 1ft
60 52
flt-i 10
00 63
12"i 12'4
57 57-i
55 65'?
2.t 2.14
27 's 2S,
30 31
Jfl'i 2ll
724 72S
US 3'.
IN 4'.
41 42
(, ('.')
OKI. l'S'i
S
32
09li
31
70'4
INACTIVE PniLA. STOCKS
Following are quotations for Inactive
stocks listed on the Philadelphia Stock Ux
change and In which there wero no trans
actions today. Tho price given Is the last
previous closo:
Keystone Tele.
Key Tel Pt ..
. ... ....I Tca-i
i,eh Val Trans pf as
Lit Bros ..;,, r?
Llttl Schuylkill. Bt
North Cent .... J
P It T -!
TJ S Stl el pf.-..l,J
Yorlt Rwy prcf.. -J3
Alliance Ins .
Amer Gas . . .
Am Oas War
Amer Mill .,
Am Stores . . .
Am Stores pf
Ilrlll .1 O.. ..
Hurt susq t e .
10
07',
14
10
32
02
Hi
10
o4
61
!
Hurt Suia pref 50
Cam Steel 115
1 'on Tv c N J . . . . Oil
Ins Co of N A... 24
New York Bond Sales
Hlch
$41000 Ana-lo-French 5s .:.. 00;i
'.nno Am i nreign sec . . '-i;a
4000 Amer Smelt & Ref 5s Mj'i
I1K111O Amer Tel clt 4s.
175110 do 08
5000 do cvt 4Vis ...
17000 Atchison Ben 4s...
21111U llrnokn Hup Tr .'
2 000 Rordeaux lis
10110 Can Govt 5s 1921.
5IIUII do 6a 11131. . .
10 Ml Cil Gas At Kite ;
111(10 Cent leather 1st
400U Chill Copper 7s
82 Is
, .. ill
.. !HT4
.. M4
.. sis
. . S3,
. . . 0.1
.. no'-i
J. 2
5s 05'?
in, V.
1.1,,
Close
HO'i
1144
Sfl'4
S24
113
111 '
S34
St '4
S3V.
03
s(n,n 1'lii.u Jt- Ohio rv ll.a. 60T
200H0 do conv 5s 73'4
1000 Chi II S. Q Joint 4s.. P3S
6000 Ch Mil fr S P cv 4V4 73.
icon Ch 11 I P rfd 4s.. rt2'.
4000 City of Pnrla (la.... S3S4
KiftOn Con Clns conv lis. . 100',
siiii'i e rencn ivrpuiuio i? 1.-4
!000 Intern Met 44 s
22000 lnterb R T rrf 5s. .
10(10 Larka Steel 5s 1023.
2(100 1,1a; A Myers Tob 7s,.
850000 Llliertj Romt 8!i. . .
159K0O0 1I0 4s
2O00H I.vons ls r. .
llnoo Marseilles lis
llillO Met Tel 5s
7011O Mo Kan A T 1st Is..
Ci'MlO Mo Pac cell Is
snno do Us
24IKHI N Y C & II Os
Union do 4s
r.iiou n v hi & st 1. 4"
R34
11'H.j
5S4
544
UK 4
0.1",
5 N Y N II & H cv 34 474
1 illHI rir. (Is
r.iiou Norf & West dlv 4s
jloil Northern Pac 4s .
2IMK1 Penna Ken ct 44 a
.'I11IKI 1'ubllc Service N J 5a
toon Pere Maniuettn 5s . .
loon Readme; Ken is . . .
lioon ReudltiK-Jer Cen 4s.
20011 ht la & ti F adj .
0500 do In
22000 do Ser A
70HO South Pac cv 4s ....
50OH South Rwy ten 4s ...
11000 do 5s
7000 Texas Co fls
I011OO IT s Rubber 5s......
1,10(10 IT H Steel S K 5s....
Hinoo Union Pac let 4s,...
5000 do cv Is
12O00 do rfd 4s
45000 U K of O ll I 6s.
20000 do 64 s 1018 ...
41000 do 54 H 1910 ..i..
340110 do 64 s new 1010.
20000 do .14 8 1021
4000 Va Rvvva 5a
5000 West Shore Is ....
Low
004
044
S'4
82
2i
Ill's
K34
814
S3 4
0.1
DO't
US.
054
101
!
734
03S
73
02'i
S34
10 14
1144
Stl?
Il5"i
lit
no on (is on im
97,08 97. 2 97.98
IH si. si;
r."H
ll'Hj
r.s4
54'i
1104
1134
74
85
174
S34
Ml,
84
in
80
sl4
854
874
604
434
r,r.s.
-.IV.
(in
111
S3
HI
SO
M4
s.v;
874
5'IU.
414
63H
7HVJ
BS1!
024
OS
7114
1194
8s4
85
"hs4
974
no'I
on
9R4
024
014
804
11114
02H
1154
1014
not.
714
03VJ
73
r,",
834
1004
11 1 4
644
S2
IMl
Ill
004
r.44'
004
03 4
74
85
474
S.'!4
S04
hi
01
sn
sin
M'!t
y
7H'4
r.s-J
024
ON
704
H'4
8h
S5
7R'i
074
Oft 4
n'i
HS4
024
014
804
r.11'
414
554
7114
5S4
H24
OK
70H
1104
if'
004
Oil
OS's
024
014
SOVi
Total Miles, 113,358,000. compared with l.0."8.
000 estrnlal thus fur this ue.lt. .30,007,U0O
same period lust week, $10,097,000.
NEW YORK BUTTER AND EGGS
NEW YORK. Nov. 24 RUTTKR Receipts,
5000 tubx. Market steady. Quotations un
changed. RGGS Recilpts, 4010 cases Market un
changed, steady to firm. Quotations unUiuneed.
Lent r Arn ir,...n Kn..Uf- -j 1
cm"1 'Alton T: : 11 i;"5''"" a v:: 5s i '
cluett.Pe.ibay Jj'-j, S?and MHirnlr"r 85 lt! g
Con a K L P IlOs.. 'cn-'s; iir.,".v.a.7. ' iflZ0i A" vSsSgs -:
Inl f'll Mln. I7si -.1'J.' '.nt I'l.lUU .r -" -" - N !"SgSjBw-sg4
Cnnt
-. r-s -f AT
Continental Ins.. 514
Corn Prod pref . 01
Crucible Steel pref 88
Cuba Am Sub". .170
Cuba Am sii.e Pt.ios
Deu t tlo rs pf.. 144
Den & Rio Or, ....
Detroit Kdison.. 12
Kleo Stor Pal.
-:..- .' .'"
lenn i.od Chrii
irxas ,, rta . lnic
re, & Pao :., SH
Third Ava ..". it
Tlde-vatcr Oil .. ...
Tobacco P-nd pf on
Twin City n -f
T Bt I, w . ' ',,,
? si h . w 'if. :
584 J.? .I' L W Pf" 30
i-.i.; . nrtr . i .V"J,""r ";"" . 37
risraU'Se.:: -1 8-?'"--5 nk
Uoodrllh I K ..3(14 United Allnt, 2fiw Si
"'(IT F,nl!'2 CA StriVf-102
-Viol llnlt.d Drti ... I
PflJ?, Untd Drue 1st pf so
Ooodrlch 11 r" pf..l0O
Grannv nun ,
nnir a stl 1st
linrtman Cpeo
Haskell ft. Parker 28
Havana raer . . . 1 111
United IJyeVood'
-- . e si
HomeslBKa win jiii-i United Paper jird 1?
Illinois Cent .... 08 United Ry Iny pf i1?
Inter Cons Corp . 74 use IPif I?,,,
Inler.Con Corp pf 4J u H Express..'.' is4
nt llsrv N J rf.J114 U S Ind Alcohif ?
nt Nickel pref.. 103., V H Realty ImS isu
nr Pai.er of sta. 01 ll s n..itJ t!?1?1. I?
12
8 Realtv 1 ., 1
i " "h 1st p'rVf osS
: ,i Rub H Tire
nivR CTentral .
owa uni preixini u Hub 1st prsf os
Van Cltv So nf.. 43 II, .h u ?."' J Pre S
Kelly-SBrlmrfleld, . 41,, Va-Car c'hm pi.', ioit
-teofc u M.... 44 Welis-H-argo .,' Sa"4
.aka LtIb W.. 0 west Pao R A:'.'. Sil
.k i:r e 4 W pf.. 23 Wheel A L Bilit '
I I. 1, w T nraf.int svil.. X " ??
nB Isl cfs pf. 40 Wilson Co prif
xiuia . .vuin.M.ii; vvoolwortn 10U14
r nrn ua ivm wnrth n.. ..:.-
1Vi
vo
LEADS TRADING ON LOCAL .'CHANGE
Nearly All Interest Is Centered in This Issue miJ
Declines a Trifle, Following a Gain at the Start 1
Car Shortage a Problem
Virtually alt the Interest In tho trading
on tho Philadelphia Stork I'-tchnnge dur
ing tho Bhort session -today was centered
In Lnko Superior Corporation, that stock
making up much more of tho business than
any other Issues In which transactions were
recorded. This activity followed the un
tisual momentum which occured yesterday
afternoon and which sent the price upward
for a substantial gain, but was without
strengthening effect.
Although rttho opening was a fraction
higher, at 1214. there came a reaction soon
after tho start which sent tho stock oft
half a point to It's. Had thero been a
larger attendanco It Is probable that a
further advance would have been marked
up, hut, naturally, tho usual dullness of
the Saturday market held back the demand.
Steel common was dealt In moderately,
but, following the course of tho New York
market, It declined, losing more than a
point during the first liour. Baldwin Loco
motive, which was tho weak featuro early
In New York, came out ln smnll quantity,
with tho prlco nearly 2 points below tho
previous j-ale.
Few stocks showed any signs of strength,
but several of the local leadors held steady
at around the closing figures of last night.
Philadelphia F.lectric, Iehlgh Navigation
RtoA nnrl rvt .- .
while small owt Wer; TmMkM "-(
Lehigh Navigation warrTntiu 5
Jlectrlc Storage Battery TTsi. . 1
provement and Rapid Trmnii T.M f la.
icatcs were lovvcr.Tut ft & .
of these shares was larr. .," m
the prlco changes imporf,enoS-1t2
the"former adwan'?nE "
latter half a point8 a Utf
Liberty Bonds wero qulst ,. .
Ing without any change in mI W
4b were a lttla ir.... m " mT
Officials of railroads' onersii.
frctn Chicago and S1"'
the. car situation Is tmCW -
more acute on account of th. v btS
ment of Government supn,i' J?,1 W-
situation results in' coMl Ifc,
the movement of domeitiJ , "4J' ti
and to Passenger tramcWh.?t:
jno casmcund movement Ii virtuaii- i
tonnage moving westward, "ltffl L4.1
ter Is not qulto as hcavi ,, , ihf?"'.
In the opposite direction M -!'J
TJlft 111 . -4
throtishout thab.. 'n?U!-',-l H
roads, and this Is keepfnr B7,V -,
In a healthy state. Offlclll J ?,' .-Ms
roads report the movement f iB2l. :
s per cent larger than a yeir ""
business conditions In those aTed!0.11-
than at the same MmV"! ecUo-15 i
i , " " MB.
FRANKLIN
NATIONAL BANK
Chestnut Street West of Broad (
h J
Philadelphia, November 20th 1917
RESOURCES
Loans and Discounts $50,706 WJU'
Liability under Letters of Credit and Acceptances. . . 35ulwfi
Due from Banks IB.OmS'
Cash and Keserve e,614 37941
Exchanges for Clearing House 2,8491303,29
$76,427,667.85
LIABILITIES
Capital . . . . : , $1,000,000.00
?im5-j ' J W ' e. 3,250,000.00
Undivided Profits , 766,150,00
Letters of Credit and Acceptances 356,497,69
Rediscounts Federal Reserve Bank 2,238,960.00
Deposits 68,816,060.16
$76,427,667.85
J. R. MCALLISTER, rresldent.
J. A. HARRIS, Jr., Vice-President. J. WM. 1IAROT, Cashier.
E. T. PASSMOUK, Vice-President. E. E. blllELDS, Asit. CaihUr.
Samnel T. Tlndtne
Henry Tatnall
J. Rutherford McAllister
Frederick I.. Rallj
KfflnKlinm R. Morris
rcrcy C. Madeira
DIRECTORS
Kills) Pusey rassmore
J. Andrews Harris, Jr.
John Hampton Ilarnea
Morris I.. Clothier
C. S. IV. Packord
Clinrlton Varnall
W. W. Attirbirj
Edgar C. Fellaa
Edward T. B.sl. ,
Daniel n. Wtati
Arthur 1Y, R.wU
Joseph Maori, it.
Lewis Llllls
JlacKay io ..... iijts wortn e M... 2S
Macxay Co Pref. BJ Wrth P M pi B 51
Manhattan Reach 1 Wella-Fartro . . ... fsu
Manhattan Kl ...loo West Union T.l' ia
May Dept Btr pf 101 "
NEW YORK COFFEE MARKET
NKW YOHK, Nov. 24. The market for
coffee futures opened unchanged with Sep.
(ember the tvnly month traded in the call. '
Own Hlch tow Cloas Jfi
oembtr ........ .... J.M f-M slm (.a
1 1 wr-
(T-P'(WWIWWBe
UNION
National Bank
Third and Arch Streets
A Commercial Convenience
FOREIGN EXCHANGE IN ALL ITS BRANCHES
r&nCtat TtaXtujln
anJrU
CHESTNUT STREET
AT FIFTH
Copied From
Printed Report
Made in 1866
After the First Year
1866.
Organized
February
13th,. 18S5
DlltlCCTOKS
CKORHi: M. TROl'TMAN.
I.ate ("ashler of Western Rank.
CIlARI.r.S WHRKl.ER.
I.to of Morris. Wheeler A Co.. Steel.
JI. W. HAI.UWI.S'.
of M W Haldwln & Co.. Locomotives.
I'KRCIVAL, ROUJJRTS,
of A. & V Roberts & Co.. Steel.
JOHN E. ORARFK.
of Rlaklston, Uraeff & Co.. Coal. '
C11A8. V. NORTON.
of il. V. Norton &. Co.. Coal.
JOHN MILNKS.
or John Jiunes .o.. toai.
JOSEPH KSHKRICK.
of Ksherlck & lllack. Dry Oooai.
SA.MUKL R. SHIPLUV. ,. , , .
Prea't of the I'rovldent Life ft Trust CO.
DAVID R. KRVIN, , j.
Lata ol Atleuel, vviest a i-.rvin, iFijruiw
CIIAIU.1.M SMITH, of lunserlch & Smith.
RESOURCKS
Notes nnd Pills Discounted ...
Demand Loans
V. S. llonds with U. S. Treas
urer 1T. H. llonds on hand
Dua from Ranks and Rankers.
New York Kxchansre
National Rank Notes
Lteal Tender Notes and Clear
ing House Certificates
Fractional Currency und Cash
Items
Ranklnir House Fixtures
Expenses and Taxes
5818,
010,
00.1,
r,n:i
lis.
11',
o3.r.r,o
7U0.U0
000.00
(MM). 00
,ir4.n.-.
,JT,43
,353. (H
l.S:3.240.43
4:.3.II2
ooo no
M7.:"i
$5,083,602.21
L1AIIIL1TIES
Capital Stock Paid ln .......
surplus Fund
Prollts
Deiioslta i
Circulating Notes
ITSO.OM.M
Ki(()0.
iXMXM
3,-n,il.u
.6O5.S2O.0O
President,
CnOIJGC M. TROUTMAN
,!
Vice-President.
ALEXANDER ERVIN, Jr.
$5,083,6M.Jt
Cashlsr,
WILLIAM H. BHAW!.
After the Fifty-second Year Nov. 20, 1917
OEORCIU RI'RNIIAM. JR.
WILLIAM WOOD
rn ki.ksi wiiEi:i.i:n
WILLIAM T. ELLIOTT
CHARLES E. INOERSOLL
RESOUKCES
Loans and Investments
Kxchances for Clearlne House
Due from Banks und Rankers
Cash and Reserve
DIRECTORS
A. A. JACKSON
SAMUEL M. CURWEN
CI.ARENCE M. HROWN
STKVKNS HECKSCHER
AVERT D. ANDREWS
10,018,838.7
1.102.74.79
S.S83, 401.68
S.I170, 431,(11
$29,474,456.35
J. RRTON ToWXffiO
c. vnr.D'K c. stout
HENJAMIN RUSH
WILLIAM POST
JOHN B. MOIIOAN
LIABILITIES
.... 1,000,OM
ranllnl
surplus and undlvlclru l'ronvs . ... .i
(earned) ,,,t!,f.Too
Circulation ., .&-'","? H
DeiwslU , ..tl.m-1"-!.
$29,474,456.J5
STANLEY E. WILSON. Ass't Cashier.
A. D. SWIFT. Aas't Cashier. ,,
ALBERT II. A8HBY. Afi'l Cashier,
,SS,ti70,000.00
, 8. 500.000.00
40I.MS.01
REsOt'RCEH
Ixians and Investments.. f9)7,031.10
Due from Hanks 2,133,133.13
Exchange for the Clear
Inc House
Customers' Liability Ar
rount of "Acceptances"
Executed by this Hank
Cash and Reserve
in a Commercial Community '
Statement of November SO, 1017.
LIAUJi.u ir. n
Capital
burplus und
Net rrofU. .1300,048.35
Unearned Uls-
count .,... 64,710.22
Clrculullon
Acceptances Executed for
Customers
Rills Krdlscaanted,
Federal Reserve Hank.
Illlls Parable to Federal
lleserte Rank
War Loan Deposit
Deposits
S21,Oe0.77
S5.40l.38
1,511,411.80
$13,903,035.60
113,404.86
4O7.210.G1
800,000.00
704.S6O.OO
10.S08.610.4S
OFFICERS! J. S. McCULLOdH, Presldrnl. $11,003,055.60
THEODORE II. CONDERMAN LOUIS N, BPIELBERUER
Vice.Prenident Vlcc-prestocnl and Cashier
SAMUEL CAMPBELL, Aft. Caihier. . , O. STUART WHITE, AMI. Canler.
FREDERICK FAlRLAMB. -l.iUlant Cashier.
DIRECTORS: W. JI. CARPENTER. Chairman ol tht Board Hsnry II. Barton. Jr,
Jlif.ou. ., .v.ikii nuiu;. ... , un, uumi v. ffiaritil "iuni c. imdoi.
ua ix. npicipsrssr nm. u. usuisr
Aaron Oans
1-lseo. ,H. Coi
HarlaJi Pas
Hsnry V. Mitchell Ix)uli
J H M'Culloch ,
ruarariainti
tpw. .. onarrman n. n, Aiarvm wm, ucaqoo. sir. joDni jmm
irian rs j M'-uiocn , ainn x. rciwn
Zrgx- WILLIAM T. ELLIOTT, President. I
oSJisaaa WILLIAM POST. Vice-President.
':Zr:-3 WILLIAM T. CONRAD. Cashier.
HsJlg IURNINOS
SNHH Dividends
GflKsr-flH Surplus Fund
4SS2? Vndlvlded ProQts
fnl 9'264'328'01
684,757.58 i '
472.SV7.SO I1 wwvw v sr v t Msswanr w aj) ..
, I WILLIAMS I LLLCfUlO'UJ
1 1 ARCHITlXTSENGIIraSCbNSTRUCJX)ltS K?f
i PHILADELPHIA and TORONTO . TJd
1 1 H
My t(
i.rri
Behind Steele Service is an Advisory Board ot
specialist capable of solving; all problems of building
construction, building- equipment and loor apace econ
omy. Steele Berrtce la comprehensive and practical. ,
kVA. lfm.-.f- , . -. " . ... o ru
' ..lflT'7?,, 7V."I1?'
sssammmem
T.
mxxi'hft.l.lSl-U-Vl'UJ.Z-Bl.l-U. i
i-"
i
"?.'V'rlES''4vB iBi:JT ll"
asar.i miiisisi i
'MMMhti'iM
n t. t
-uW
:a