f PJ. i'-f .'8",fT!p ' rw5j?j"4 vf $flWEPp'iiTri vi vya'tjpjw- vWIW-P" 4 ,W.I''V OT','1u'iiflMJijjp(fif i ..j r.S,MT DSBHBBmnMTV' rare, o;. '7 ,' 4ntr' ,. ' .- " ."'--1 8' ' ' l?rWVTTXT1 UTTMT.Tn 1 imntin limx . TVt:il -i.-itt 1 1 r-s-Tri 1 -c- -i-vi:i-s-ns, rnn ,-v .4 s liTiiniiivJ x AJjJiVj juJUiJLeViiiil. X'XXXU2JUiUXJVJXl.A, lUUiMJAl, JJJ!jUJLilU15Ji(lV .J, lVJLi NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIO: itftVlN CEKTIFICRTESl B .'d IS- "1 1 W7 'Aran ars-a-a ajnu. 'V ' DEC. 3RD TO JAN. JtWT, WE WILL BE ABLE Xtm SUPPLY THE ADOVE AT 4.ia PER CERTIFI- '.fttATK. REDEEMABLE BY ",?THK UNITED STATES .GOVERNMENT ON JAN. 1, AT 5 OR AT AN 'O EARLIER DATE AT AN J ADVANCINQ SCALE OF 'PRICES. FULL INFORMATION FURNISHED REILLY. BROCK & CO. BANKERS :0C CHESTNUT ST. niiLAULLi-iiiA ;..i ' 4 ELMEK G. PARSLY AMI ARTHUR PECK iiavi: iii:i: aimittm to ouu 11 KM HARPER & TURNER INVKST.MIINT HANK Kits 1000.1012 S(nrl Kxcliange Ride I'litluilelpliU Members PhllacYlphla Stock KxUiaiigo m Tax Examples Showing how law it applied Our Federal Tax Depart ment, under the supervision of experts, has prepared a pamphlet of examples show ing how the provisions of the Income Tax Law are specifically applied. These examples will fur nish in ividualt, partner ship and co'porationt with a practical working knowl edge of. the application of the Law. a A Cory of this pamphlet, FK-146. wilt be furnished upon request. TheNatiohalCity Company 1421 Chestnut St., Philadelphia Hew York Chicago San Francnco Bottea Pittiburgh NEW YORK SPECULATION CURBED DUE TO HEAVY WAR STAMP COST New York Stock Sales New York Bond Sales - .t Many Refuse to Take a Market Position and Business Is Smallest in Months Penn sylvania and Pullman Decline High Points in Today's Financial News Huslncst tcn smntl on AYie York V.xchangc '' to burden of fit it" tear stamp expense. Pennsylvania Railroad and Pullman declined. Trad ing teas Inactive on the Curb. Corn advanced after diclinc. Cotton vai lower. Italian lire Improved In foreign exchanae market. An extra divi dend of 10 per cent teas declared by the Standard Motor Construction Company, The Ravoy Oil Company announced an extra payment o) .7 per cent. The Phlladilphla bank statement showed an Increase In de posits during the lait week; Bar silver itdi higher In .Yetc York and un changed In London. MASSACHUSETTS ELECTRIC COMPANIES Noteholder' Protective Committee l!j-r'FjTe Per Cenl Three-Year Cold , notes, Uue April 1, 1918 'To tn Holder of the Abovo Notesi .,F.1.'V,..'",T?l, '.h1 flnn:ll condition of Massa chusetts Electric Companies and the ,arly ,rnturlty o'rthe above note. It has been deemed Important and necessary that enn- ES!S.'!l,,5t.,t.1.iJ:Vln..bv lh" n'3' t tin. wotea for their protection .. . J ""lerslmeil have keen constituted n HfW'tt"" I'rotectlv- Commute. nn. I all noteholders arc acconhnuly rcuuerted to de. K-.-.""i.r,T. r."" . international Trust SKW YORK, Dec. 3. With the speculative traders called upon to a doubling of the war stamp tn many of them hesitated to take it market position In view of the burden that ulll be Imposed, and few of them hoped to scalp enough profit during the. day to pay the cot of the added Government tax. This was reflected In n contraction of tho dealings, making tho business on the floor the smallest aKgrepate for many months. It was Insisted by those tllscussliiK this point that a $1 ta In 191." did not exert the Mlghtrit Influence In restrlctlliR tradlnB, but at that time the market was boomlnp: because of protltn on war orders. At tho present tlmo Important intereitn are opposed to nellvi- speculation on cither side of the market and have, taken Mcps .it frequent Intervals to check both advances and declines Today there were frequent dlsplaya of strength and weakness, but moementn did not extend fur beforo turns occurred. There was a show of MrenKth soon after the openltiK, when tho motor stocks were prominent, but the Ruins weje lost beforo noon. On the other hand, many stocks, which were offered clown, rallied mod erately toward the end of the day. .Most linportanco was attached to renewed liquidation In Pennsylvania, which fell 1 point to 45, the lowest record touched hern in recent years Uethlehrm Steel "H" was another weak feature, tlecllnlnK moro than 'Z points to below "7. Pullman continued Its downward movement, falling I points to 115 on 11 few transactions, and Heading dropped 2 Joints to t,. Liberty Loan -Is were traded In at !'7 7S to H7.7L', and the Ss ranged Irom P1.98 to 08.82. Hallway and other bond were gcncr,ill steady, with transactions chiefly to small accounts. Financial Questions for New Congress A possible new series of Influences updating uu sceuiit alues will bo Introduced by the reassembling ot I'ongn ss toda. Thorn la a. great deal of financial legislation that has to be accomplished, probalil) tho naturo of It will not be altogether favorable to prices. It Iihs already been announced that among tho first nets of Congress will bo tho au thorization of the third and fourth Libert v Loans, the former to be offered ubout I'Vbtu.iry 1, and the laltei probably In May Tho coinblmd amounts uro f 8,."OO,00O 000 There Is no question but that new excess profits taxation will bo In troduced and that an attempt will bo made to revise upward tho tax on Incomes from $10,000 on. At tho samo time a readjustment will be made in the obnoxious feature's of tho last tax act that brought undue penalties te many small corporations and set up an entirely falso standard ns be tween tho Individual who llve's by what he docs, and the other Individual who lives on his lncomo Tho great success of tho last eifferlng of certificate's nf indebtedness, of which nearly $700,000,000 wero subscribed, not only by tho banks, but by Individuals who have bought them In anticipation of turning them over for tax payments when tax day i-otnes around, makes It possiblo that this form of raising eapltal fur tho. war will I employed further, and that the large bulk loans which upset business and security markets while they are being promoted may be made secondary form of llnancing. IH.i S3 si ns SSlfc m il Mi 111 V in 4', Utah Allli f halmors is Am (.'an . . 3.14 do pref . . . . 8(1 1 Am (' & Koun fliHi 1 Am Int Corp . .1.1 I Am Cotton nil ay 1 Am lIUlo & Lev 1.1V4 do prof ... . .10 Am Lln-eed S.I V111 locomotive SS Am Malt prcf . .1IH Am Smeltlnit 7.1 m Sum Tob (II Vm Steel Fd .1.1 vm suenr . n,l Am Tel & Tel Inflt. Am Tnhncco IflMi Am V Paper pf Si Am 7. H Lead. IHH Anncondn . Atchison do prcf Atl.ltl l A: W I Paid Loco Co. , Ilnlto A. tllilo , Hurrett Co . . lletli Steel . . 1 do It 1 do prof t c . Hrook II T. . Hums Pros . . . I Putte As .Sup t" cal Petrol pf I Cent Leather.. 1 Cerro de Pasco dies & Ohio. . Chi lt West. Chi M & St P. do prcf Chi & Nvvn . . I'HUl'lc I do t 11 c pf t o 4 la. 1 Chlno Con Cop. 4PS1 Col KucI & Iron 34 I Col Cas S- Klee :I04 I Consol flas ... st'i , Cont Can . . KB 1 Corn Prod . ss Croc Steel SS I do pref ni',4 1 Cuba C11110 Sug Sit j do prrf . IK I Deere Co pf OS Del & Hud . . IISH ' D L & IV . ltd) I Donio Mines . H1),, DIs Secur . . '14 '4 Hrle 14T, i do 1st pref SI '-4 do I'd pref. K'V'i (Jrtst-Wms . a I'll en Lice Co C,en Motors . . nu-'4 (Joodricli II T 37 Vx I (Treat North pf nn'-i eln Ore subs S7 flreene-Can c s?i.j C.ulf State Steel SO, i Illinois Central l"'i Tnsplr ('opper. 13 , Interb-Cons c i do pref . 13 in .1.1 14 un nil ss flV, IS'i .11 s.i S3 Sl'a 74 4 HO .1.1 0.1 inn ItSTi ss 134 SOU S3 SI llll' .14 4 40 l4 7K 7W 0HV4 44 chc Us 4 H I 1 - 'i -4 r Cloee IS 3tV, on no ,is tnm .14 ss si S4',4 3Va 7ti 1', no m ss '(. (is d injt 'd lOHtj, T SS Va mi . r.7 S3 si i tin'. 40 h 01 Vi -4 V, is IV4 7fl 2, SISMi II SI emu Amer Aur drb Ss liiiiinii Aniiln-Prmih 5e tsino" Am Koran se Ss lasm Am sm.lt It rn .'i"i Amr 'lil clt J. . ".".mi do Ss Jiiiiii At(lil..m dm 4s . .UK") Halt K Dill. I .-. .. .(IIHI tin (V l'4l llinil Il.til Sll Inl I'uttil llriK,k 11 T : lonii lionliiiux ': lliah, imiiJ li n. Low finite. (IIS li IH V. HI'l M4 SI IH S2S sns H 74 7II-S li J si inn, ii i 'k ii-.u t lolS lul'i mis J 1 1- l.ll'n si in' SS4. HI 711'-! . ... 7sJ, a .liln .11 mis p.'1. ss III! II 1 1-1 "'' s.1 Ifl' kl,l, 7'( s'v US'. Sales in Philadelphia IHI'., HI', 111', :, .'"imi Cm Com ,e lli.'il. imv. i"ii ,i ,-, mi) . nin .".mill (Vnt l.eiiih IK Sn til', imi'i i "nf II It N J Ss tins Minn Chill nnin-r . to.' Ill Imm riir, j, ii ,v 414 m,-n i,.i, , i. .Illlil on cmiv ,1, ... 7 1 1, 7(i -mill V II l) joint Ik imi; ii,I, .'llliiil ( MAst p K, , j, 7, ' 7s -'Imi'i do rtd 4'tii. .. Ill lll; In rtinv Sb . .. 77 77 siiiiii i" It 1 ft rfd I, , i4 .Oilin Clly of Parl ll . S3l! M Sunn Con Una eiinv lln .Inns I'i"' Im'S I Cum iTud :.h :i4 ill's nl'i i'7' tiiiiiin ( rrro Jo I'ureo (In HUV, lnji, lilj', ".-. ,.i Jl 1.1 1 li. , Iiiiiii l.n.. i 4. her li 44V, fi " Clinch llttiuli S',B In -. 4 i. !.!', 7n lt.1 77 ill v, i-i H41i 1134 IMnj 4 ". 17'4 37 V, BflV. 30 ",j 4(1 1x 7 37 73V, (13 IS", 17 :i7Va OS VI :toi 4'i I'. :iflV4 73 111 1SU I IV, w, 31 0V4 S4 0IV4 STu .1314 (1 1 Vi 77N tl.1 IIS 10(1 (in, 34 14 "4 2IV4 17 31 4 17 Vh 37 Vi Vi 0SV4 Vi SOVi I- Vi 4BVi Hi sn-vi V i 73 v, !I3 4 ISt Vi IH4 -4 11 .- 34 1 3014 vi ' Ml Vi 04 Vi "s S7V4 B3'!i H sMVi H 34 2HI4 n 17", ill OS ion 3 ' 7 - .11 V4 14V4 2tV4 "4 17 1m 3 Hi 130 ISSti 12014 I S7V4 .IIIV11 110 14 2 (I ', :i7is HII 7't IS'.a 7 1.1 Int liar of N J. 11 lis H1" 111 87a, ?.-.Vi - 1 '4 !I04 'i lili, 37',, SB I 07', fSU 13 7 M 1.1 Join llrahliy siti 1,11 ' lulu ." Ill sti rl.., 41, n . imi, ..""ii ill e-int 4 , . . . ansi 1 1t. (11 t llil.rli .Vtrt V,f ."i.V i'liiiio Inn ill 11 T ri t us . si', .nun Intnr e.vir vinr im . 114 I.DIIIKI j.Hiii.,. 4tjll . K.lj Inl"! l.lll K1L Sll .",H 1IIMI im I illliil I.K Sll 'I.I. In lll.'s Si 'I 1 i.'iriiliir.l 7a lln i..iulti tf N11.I1 -In sit, I.1111 rl, II1111H 'AlA- ll'l I I llll l 4. 1. 1 uns l.n s.4 -oli'l Alarm 111, it, S4 "ii .M11 K K T Int 4s S7 .""I Mil l of l h ."is S4 .lidiHi Vlo Pur uin . r.4'4 limn N V Oniil 4'4 . lm sunn .S V ( K. II ;m,e 71 311111,11 ,1 Hm !U .ViilM X V C SI I, I 4. SS 1 Hum N V City M, s lit HSU .Iiiiiii X liny mlj Ss l'O, limn .V Y lei B'n 44n M. l.-.uiill X V W C It. II 4',, IS Siiiiii Nor Par 4 ... Kt Jint'l do mn .'li . Sll, Sunn l'.ii llli. Tol Sm 111! I 'limn p.nnn Km rt 4'in Ul'l .'mill 1'ublli' Sw X J . 7H' lsimu IVre M,ir'lUftlo Ss SI r.UIHI IlenlliiK mn 4s . . SI I'oiiii si 1. f, s 1' nji. r.s'i SCilin St 1, A S P Sit A tin IKKSI S-Hhil A t. udl ;. Is Iiiiiii South llt-ll Ss. i', II South l',u e Is. 7il .IsiHsi ,1,, ,, -, mii innn , ,f,i 4, -ov, t.lnnn Soulh Hv.) eon la .'iS, limn south lly Ss . . 04 llinil Tixtiii Co lis ft7',i lnuil Tukl.i ,'i. 71 SMIUO f S liuhhiT ." "n, 27nnn r s so.l s f r.s iini. .IlKiil Colon Pae ls( 4" ss Sunn do rv In S4', .".dun it,, rfd 4s . 7S 44UUII V K (I II H I Si. . !i7'i Mi'liilil d'i S', lllls . 1"iV, I74lifin do Si, UHO !I1 lilliuu lo ,11,, n" 'I'I 17'. WHYI do ;.'. I n 1 llll. l-'li'lll Wl Kli- 44", I'll ll'l1, I'd -s .III .'4 'a si luW SS', llll So llll. Sill, 144 U! ii' HIIS I 3U'. I .lit, I Si III1, s, IMI S3 110 sil' NS HO OS Oil Jlluh. (.ow ls Am rlss mil, 03 SO Paid Iic .IS1)! SS, llrlll JO IS Cam Htl.llil 110 30 l.'lcc Stnr 40 4ft lo Ins C ,V A 24n 24 100 Lk H Cp 11 11 203 1,eh Nav SS4 s:ii 400 1I0 rt lt pfil IS is 20 I-h Val 83V4 B3V4 InMlnehlll . SS m SO .Vev Cons 11 11 .13on Pcnn It 11 40 44U no Pa Salt . as ss 107 1'hlla C9 cum pf 30 30 loo Ph Llec 2S?4 28 1171 I'RTIc 27V, 27 23 Ph Trae. novi (!Bii 400 Ton Mln s .1 Ml'n Trac. 41 . 4IV4 .110 r til . as 74 .1 I'll Cos NVt Cloe ehe 0S14 il Vi 17 11(1 1 10 341. .. 11 ss 4-Hi RAPID TRANSIT CERTIFICATES HIGHER AND PENNSYLVANIA RAILROAD LOWER These Issues Lead Trading on Philadelphia Exchange, With the Latter Dropping to 447n Other Prices Irregular it MVi 53 17 4SV4 SS Yi 1 Tf. The activity an, strength of ltapld Transit trust certificates and tso nc tlvlty and weakness of Pennsylvania Ilnllroiul slmrcH were the outstanding features of trading on the Philadelphia Mock Lxchange today The former were In good demand throuehout the hosHlnn , ,. i"!,"1 Bn''1 ftl higher prices, nt onn time 30 V advancing ns much as i to 2714, 2SV4 -1- V 1 wllllo the majority of tho business was '".. T J ' recorded at 27',4 and 27. I'cnnsyl- 0, J 1 viwlfi, which had lilt a new low of 4B .1 .. Inst Friday, sold off to 44 today, nl- 41V4 f !4 though at ono time It was as high as 7V4 Vi 46, but there was a rally beforo the (uiose wnicn carried It up to 4B, a point -S J ..S0.1 20,ni 20.1U 1 below the cjnse of Saturday OlVf. 10"; OtVi 10" lll.x; U7.74 01.11 S.I S'l f.7 si SI'. UU 70'. IM s'l lis', 111', MP, II'. MS, us uu1, 70', Sll s.1 r.s, r.si, 17'. Ill', 7H S'l', 70', S'S 11.1 1. 1,7., 7ii', P'l S7. S4', Ts Il7. I"I4I 111', 07 , 01 V, 00', Tolnl nle. S3.S0l.Oft0, SI.7.1(l.O(HI on si..rrii. il '4 tompa red S.l SI S7 sl 54 '. llll 71 ll.'l , S3 I 0SI. I III', ' Sll1. ' IS S3', I MO, OS 1 lll'l I 711', ' SI sr. r.s'. SH 47'. HI'. 70 VH, 7"'. V,' 1171, 71 7H ', IHI H.i o??J llll. Ill", 07", tm, mi', vt llh S30C S Steel 04 Vf. 2.1 Willys Ov ion xn west jer A. Sea 41 (4 44 4 IV Coal .77 77 17 . . York II pf . . 3 tQuotatlon give Is Saturday's close, Irregularis ruled lh rcmulmlor of the list, but the tu,rnover was small Lo. high Navigation, although Inactive, was mnrkoil up more than a point, while the rights to the first preferred were up a half Llectrlc Storage Hattcry was off rliiladelphlit Company lion followed ltapld Transit trust certlfi. rates, the former being up a quarter, and the latter a half The'ro waa no definite news on the street to account for tho Improvement In the traction Issues, but many holders of these securities and brokers attribut ed the advances to tho statement of Mayor Smith Saturday that an agree ment had virtually been reached on the leasing of the city's new, high-speed lines (Jains of n point each were recorded by Cambria Steel and Mlnehlll and Bald- win Loeompttvo picked up a half. Le high Valley, Pennsylvania Salt, 1ono pah Mining, United (las Improvement and Westmoreland Coal wero uncharged. Steel common was quiet all day and was lower, declining to 91'i, a loss of more than a point , The Liberty Uonds were not active and held steady most of tho day, with tho 3V4 selling unchanged and the 4b hold- cumulatlv tlFoforrOll , tin n I.ltnrli.. Illf-hnl. ..till ln n. Cn ,l. ,! n ,'u Inu. n t A l.ln. .... ,n 111 1 1 sh ir'p. 01. 's,:...h".r ,'om',"''' with Philadelphia Llectrlc gained a fraction. I nenr the close, when they dropped 25-100 share, on suturdu.,. Philadelphia Traction and Cnlon Trac- 1 to 07 74 linviKi HlKh. !!. Siooo Am (las & Llec 6s s.lVi 2000 i;i & Peo Tr Is 7.1 sooo L V rons 4Vs'03 0OT4 J 300 Mb Ponds ;i'4s . OS.20 20S00 do 4s.. 08 7000 Pa temp ets 4'4s. 01 Vi 020n pii men 1st Bs. 0SV4 looo P II & w Is 07 Soon lieaillng gen 4s sjv ...r.S!,, ale. SS.1,000, Musi on siifufdaj, - S3 ',4 Clo. SRVJ 73 oon 08.20 08.30 07,10 01.10 Xet elate. . Va CURB NARROWS TO FEW ISSUES IN LIGHTEST TRADING THIS YEAR 01 ,i 0.1 07 07 ss ti sr,ij rompureil with Local Bid and Asked AnifT stort , Hrlll J ri I JufT v H i t r. . , do rff . . . , ltnMwin Lorn . Klectrlt .storiipn . ti"npral Anphalt . ttn rTi't , . . . rlf r c Todav Hid .k . .10 ,4 . Ill mi t.1 till lit r.n f..Vs fffitiirHav 1 1 M Auk COTTON DECLINES LOCAL DEPOSITS INCKEASE ON FREE SELLING, Decline 111 Loans as Compared With Same Week Ln&t Year Average Sentiment Is Bearish,' The average 1-011(1111011 ot membera ..f With Talk About Easier Spot Position us If Empanjr.- Milk Mreel. it,.;. ju'.sichSi S..V?',J'"IUr!'' under snil In iicconlane vu.5 .1 "el?0"" Aureemint date.1 Nov. 3(1. F. wit. . "ii" -i"s j-.ciio,ii AKrtei l? i:t .'."". "o"11"' ' vviiun m on Hie with 2,jf r" ini nmwm. ine iiepomtary II 2:-.v:"u neitotUbl; receipt, for all note, de- u.'w. u.wii iii" HKri-.'inpni At In order to obtain full Hiivntmri nf mn. y certed action. th Commlltee oaks lint all ' Botes be deposited iiromptly. ,. ,. CIIAKLKS t! HANCIlOrT. (I'resident, International Tru.t Comnany) AKTIII'H (-. HAV.VIIIND. UlHVilen, tn A- impans) TttM.KH V HANSON", (Babson'i Wtatlttcal OrKHnizntlun, Inc ) i;. KL.MKH KOYK. (Of K. KImr Foye I. Companj), Ctuniel: Tylr. Cornfau L Karnes, Amen liulMinK, JtuMton, MHBiichuett. Boston November 30, 101T. E r -A 'ffi r$ Kb' FfT & I '-.A AETNA Explosives War Orders amauntlnp' to millions of 2n lars now hiMue filled the Ut rvt U. f . Government order Is Bald to call for alotit $10, 000,000 worth of ciplosUca. Net Earnings for tho month of October were !tf8?,S03, eatublUhlns a new monthly record. X JMsib'Fties of AKTN'A with Its c pa Lie tnanaKement and enlarfri fa t'tlltlep, outlined In a new an alytical report, Send for It. A& for ARTS A litport 1G7-T.U. JOKES & BAKER f STOCK IIKOKKHS . Widener Bide., Philadelphia llell. Walnut ItlUO-l. Keatone, Jtacn 2SIMI JNair York Ilo.ton Cblcaco I'lttaburfh I' i Direct Private ll'lre j. JO.VBS & BAKER. , iri4eer BWl., Philadelphia, Pa. ..tTmi may nd me your reDurt on fAXTNA, liXl'LOSlVUS. ?, 41"" en v... ...vL 1U7-T.U. COTTON IIKLT HKITIIKIt rnNDITION NKVV KIIIK. lire. 0. Tho (ollonlnc (emperiitiiri-s were recorded In Hie lot ion belt lid. mornlncr Oklahoma flti, :I4 Kaleltli. KHi Moron. 4'ii Abilene find AiiRtista, 44i T'art inltli and VVIImlnKton. Idi I hattunooffa, .l Innln. ( harlestim and --iivanniih, nut .llontcoDiery and Jaik.onvlllc. 34i Knnv vlle. tilt Tampa, .10 Meridian nnil Nash ville. .Ini Vlemphls. Vl'-k-lmrc. Sew Or Imns no.) I'en.aioln, MH l.lltle K(Kk, fl.'l Mobile, lili (.nil. .Ion. (llli ( oriius ChrUtl, Sun Antonio und Mireveiwrt. (3H. Ni;V YUUIv, flee 1. Frto telling led tu. further deollno In the cotton market tod.i. The average if sentiment was bearish and thi-re vs'a talk abuut an eaBler sjnit Kltu.itlon TuderH were Inclined to even uji ac counts iiendlng the publication nf tho Oeiiartmi'tit of Agriculture estimate on tho crop at ; p in. December 11. and nlfcu to aw. lit n better linn on the poll'-' of Snuthern boldern at present prices. Stocks In vvarehounes hero continue to Increase. The mtton Is being put Into room that had ln-cn booked tomo tlmn ago. Dullness jirobaLly was restricted somewhat by the atamp tar. The bulge right after the opening car rled prfces back to within 8 or 10 points of Saturday's closing figures, but met Increased offerings The belling was enccuraged by reports that south ern shippers In various parts of the belt were asking for bids on cotton and there was renewed talk as to tha pos sibility of bringing cotton here for de. livery on December contracts. It was said that cotton could be bought In tho South at a price which would permit deliveries on December, at a protlt, hut the obstacle to such opera tions was the scarcity of warehouse room available for cotton here. The volume of business tapered off at a net decline of about 20 to 26 pi.lntR on the nctlve months, however, und the market was comparatively quiet later. Cotto.i receipts at the ports tor the day wero estimated at 3C.00O bales, com pared Willi 42,090 bales last year. Sat. rlo.i- Open Huh Ixivv i the riill.ideliihl.i Clearing Hou.o Assm-la lion fur inn wcoK precidlng today Is I jntt --0 Miuiin in me weesiy siaiiincm. wun 1 comparisons, as follows. I AM. MBMIIlin.S lec 3. llil" In, rrF 1 1.OJII. . 012.nio.(ion jv.nis.nno ex rii-Kr null,, I'u. froni tank? Hank dToslts Individ itcpoMts Time 'let'oslts IHe.Tvo h.H'1 lloi-ri, reouhed Kxiees reerrve J7 47i!.0(M .l.s.ll.ouu 114.1.04,0(10 u.m'i.onn 1T.1.0B2.(0 S.liol, (ion I74.nin.oon m han.nim a,n.'7,ooo "i.iori.ifio r.7.iii'.',nno ii, (uu, onn ril,r,.i7 nno i.-io.onii I,S.13,ii(i0 ,1,4l(3,000 Int Mer Marine "4V I do pref . 07 K, Intei nl Taper. . '.'dii Int Nickel . '.'(114 Kelly Spring., lovi Kennecott Cop. :il'j, I.aok:i Ktecl .. Kl Lako Krlc 4 W tl Louis & Nash, ltd I Max Motor . . 30 Vi do 1st pref BHi, do 2d pref . 24". , Mex Petrol 701 Miami Con ('op 2Hi Mldvale .... 13 Missouri I'ac. . 22T Nat Con A. Cabl '4'S, N'at Kn & Ktpd. :tiu .Vev Con Cop. i 174 New 1'oik Cell. fiRS, N V. N II & 11 27 'ii 1 North I'.io . ai i4 Nova Seotl.i S. H6i.4 Ohio Oas . 30 Teniia 11 R. . 4.1' I'eo Gas & C . 30 27 , Pitts & West. , 2214 Plerce-Arrow. 30, Pullman P CnrllO Hay Con Cop 221. Reading . . 704 Hep Z S. H . 78 Honl Dutch . 70 .Saxon Motors . (1 2U. 'i 0 lB 4(1 I4 2 U 3(1 3 a I a, i, no u lHVf, HUH 2i 2H 2H , ,17 !4 tin's, J.IVt 2BU 3U 31 'h 70'. 0 INACTIVE NEW YOHK STOCKS lonowing arc quotations ior inactive t,iv hup t-orp New Yorl. storks and In which there , la hluh .Vav . wero no transactions today. The Prlco ' j1lBhlvjl1 given Is the last previous sale' I rhlln i:iirti.i. Aiinma i;.ri'ih 11.. Mo Kan r ri ': 1 'i. vt Ail viii. ii- Uumrli 12 M St I'lSWM s. Artvanre Hum l'f 214 Mll'.tr.S.M pf 117 Alas Ituhhfr .. .'(I Mont Power HI". Alassa (lol'l M 2'. Moot Power pf lol AUnkii Juneau 2", Morris fc Kasex 30', Mils v naim pi 1 1 . .Morris & 1, pi ii-k i st Armo . . -'i Nat lllacult ns ,im, i.n f.sh r.a is '-MS 27 rWH. ft J 7H 27S, 42V4 22 44 3fl"4 17'. (18 'i 27 Vi SI 10 ti 35i 1.1 30 27i 30 11.1 22'. O" 7.1 i 70 C Am Alt Ch.ni Am Aar Ch if. OS A III H'Ot S'lBar 7.1 Am Car A. P rf 1'14'i Am Tinprf5a . 0'1 Am Ice prf Is Am li'. ec in. Am l.lnseed pf. 71". Am I,i" . 1 iref,. HI Amr Mall '3'4 Am Sim-It II mi Am Siifor pf ins'j Am Sumatra pf 01 Am Tel Cahl- ll'l Am T i T 3d pf I'2' Am Tob pf new- in Amer Woilin 13 Am VVool.u pf so Am Zinc fc I, pf 41 Anno P rt lat pf r.2 Aseo Oil . . "IV. All O (L W I Pf lh ' All Illrm A All. 13 Allan Coaet I, Hi, Paid !.o-o pref. C4 Halt Ohio pf. .Vi llarrett Co pf.10'1 llatoplla" Mill I Ilrkhll 1'n C.a 10. Ilrown Shoo . .1 ii,.r.init . . hi' nn- ' . -. Cal Telrol J2". 30 1-, (.i farklng 34', llMlt 21V. I Col A Sn lal pf .ill ant' ,1 I Clll r'lj v , - Nat Dl.rult nf.107 Nat "lk ft St rf inns 1 ll'l ll n r i.rrf P H T t c . Itearlfiirf . . . Tnnnpali Id Imont lonoah Mlntnir t'nlou Trartlon PHI ... I' H Steel .. . York Hwv no pref .... Ztt Wm Crump & Sons, c.s fin'1 3". 4V 7'. HI', r.n iii'i i.-i in H2 12 '.li. 4-.iJ 2.1', JK :n 27', i,n it. 4t' IIS 01", n 3.' :in in ot in .11 111 11. 1 r.i nit Is 401, II 111 r.n r.2 n'i in 1 u 11.1 ll'a 12 r.74 .is .i'i r..i"; I'I inv. Price Movements Irregular, With Majority of Usually Active Issues Falling to Lower Range Reaction Continues in Aetna Explosives NI.W YOUIC, Dec. 3. A feature of the tnidlns on tho Curb was tlio narrowing down of the number of stocks traded In. many Issues being neglected. Tho volume of business was tho smallest so fur this cnr. This was partly due to the additional stajnp tax, which Is now In effect. Price, movements were Iriegnlnr, with u m.ijorit.v of the usually active Issues falling lo a lower range. Aetna Kxploslves, which was a strong feature last week, continued Its icactlon, selling nt 0!4 to oVi. Interlube riicnitc.il was traded In during tho forenoon at i and 2', Announcemnt was made that rontracts are being received by thei company from manufacturer!) In tho Knlted Stoles that will keep all Its pi cscnl plants nnd those In construction running to full capacity well Into nct .VC.Il'. MINIM. STOCKSCONTINUED Hat. eh IMll'sTIU.M.s 27 21", Llll. 7(I' 3 .1 41', 1.7 1 H24 S 3(1 IIS 2.1. 2S 3(14 fn'i 3'A r.A, 41V, is 02 V, (1 .12 7UV4 7hv. 1 iy. 27 U ',. 12 U Vi 22(). N, 24 37ia I '4 mi 1 !i 0HV4 W 27 4-4 1 ! xt ((, 0U -( Y I 3.1T. f- A, 1.1 1 30 271, H., Aetna llxplnslvm Am-Brltlsh Mfg . Am Marconi Am Writing Paper. . Air I (eduction . . Canadian Car Co.... Can Car A: Kdy prcf. Charcoal Iron Chevrolet Motors .. . Cramp Curtlss Aeroplane Carwen Tool Val T'.n X- Sll, M 04 Nat l.ra,t 43'i m'kW iPf'io INACTIVE IMIILA. STOCKS S''i-I1-.. jj1.?' ''.?. I Following are ciuntatlons for Inactive N V C Rt I. Tll'i stodes Uhted oil the Phllarielnhla Stock Carbon Steel N Y Poek . II1. Kxchanira and In which ih.m ntr. nn ' I'mcrson Phonogiaph transactions today The price given la 1 1'cuerai jiye the last previous rlose, : Alliance Ina . in t,eh Val Trans 274 Am (Jan War 14 1,-h Val Tr Pf 3S Amer .Mill in i.u Bros . . 24i Am Stores . 32 l.tttl Srhuylkllt 111 Am Stores pf P2 North (Vnt 77 Huff ft suq pf (104 Phlla Co . . 20 Hurt . su,o t c r.n put .. 2s Con Trac N j. 117 Hh-Cntlrn . s1 Norf ft South 21s. Norf ft vvv.t .102 Norf ft Wilt pf 7S'. North American ir.H cihlo Pui-l . 4.1 ilhlo (las rte. 0.1 Ontario Silver . Cj Owens Ilotlle. . .", Pacirlo Mall . 2.1'i Pan-Am lvt pf no i'an-Am ! prior Hid I 1111 II III rM H.I B0 20 -4 K SO ft ft 20 IV, :n4 70 10 Sat. rlo.f- ilk (Sale) Mi UVi 0 .. SS '- 3 2'. II II K n is n li 7 li) (i ' ' C.nt l.ta pref lol Sears Hoeburk 13KI4 I37W 137U mi:miii:iir RKsnnvn systbm rahh in vaults tiit.nsii.nnn ".is.nno I Ite.irv.- held . . 4.1.77s. 0111) (1.277.00(1 Sinclair Oil ... 31 1, Southern Pac. nil. Southern It H. 21"-4 Sun Steel ... .3.1 Excess reserve a,0S(,ll0U S.SOlUluO 1 u,Hhalir 4t-. Tltt'sT COMPANIKS NOT MKMIlKIlS stutz Motors 31) nilSKKVK SYSTHM 2.' , iPU. .... ll,..ere held 114 1.14 I1O1I t4l onn I Tenl1 l'r & Ch- '" Kx. lua reserve 2 271.000 ll:i!(i()n TexaB Co In .a.ljtlon lo the ilppoutta above there were uila Meek 171.. 17.1, CiOO (lovernmcnl de posits agtiiml w hi h no r-serv Is re- lUlrel . . Iiei rea.e. 31 HIH 24 .14 41 38 12 s - "4 r '4 nf ct . .. VfTfi Maniuitle 144 Pern Mam pref 47 Penrla ft Bast (4 Pierce Arrow pf fij Pills Coal 4.1 !" i'-" nf so Pitts ( West rf r.s',. Pressed Sll Car f.4 Prssd Stl Car uf HI Put. S'vc Coip.,1011 'lulcksllver . . 4 lt Stl sprlnir. 4m, Headlnc; 1st pf, 31 Ileiullnt- 2d pf.. 3il Hep I ft s pf . . MS Savage. Arms . ill) St I. ft S P ... 14; St I. ft H F pf. 21 lien Asphalt Clen Asphalt pf Kejatono Tele Key Tel rref... 14 Ton Helmont !-'-. 1 n rsteei prer inn IC Warwlrk Iron S8i 14 Wm Cramp. . 1SS EXCELLENT BUYING KEEPS CORN FIRM 31 H4 24 HI i;, II I Vf. 30 I 2 12 '1. II 70 -MONKV-LKNDING IJATKS M.IV 1IIHK Mnnev on call opened at 5 per i cut , high, ft , low, 3 , lant. 2 , closeij, ,1413' . mlltig i.ite I per cent. The onlv feature of the time money market Is quietude, resulting largely from a limited Inquiry. Little or nothing Is doing on good mixed Stock Exchange CriltlllAP'l I i.nrt (So.,. lfin n r.. ,i,i,A.l nominally at EUtfTCts per cent On all 1 J, V.arIa" (n.lMGtrlnlu Mia t.nna ulhm4lvr. lr. " U ntOIl If1 as to rates at 5'.-6i per cent for three !Su"hMfB ln?Va to four months. According to precedent1?, CT,h " " " ?! In previous Decembers, money rates . J.; f? ' .;: J" . .HJVi U0V 142V Tob Product!!.. SlVi 40 Va 3" Union Pacific. 112 111 do pref . . 70 70 Til Alloy Steel. 37 37 l"n Cigar Stores oos HO I'srilH K 12 Vi Uls r S In Alcohol lloi4 im L" S Rubber . fl.t'.i .12 do prcf . 07 07 tl 8 Sm & Kef IHV1 4l5',a I' S Steel . 024 01 do pref . .. ion-id UtHH loiPK, Ptali Copper . 13 73T. 7.1 Wabash pref A 10 3 W Union Tel.. HtV l's h, I :is -i KlHj Sj, I2i,i HO'i U .13 1 07 MVj Vi 01 ' 40 13 mi; 384 10A 43Va Jo. -1"A -Hi 40 13 Ml4 3HVs inn 3Ti 4 Mi 20 Vi Bhould rule undisturbed until near the end of the month. There Is a fairly good demand for ,, Tolnl sales. 207.200 Klmre., compare,! with prime bank acceptances with member i M.V .... a , - .s . l.-i, ,.,., ,i ' ni, , ,,, l ... i T.x i vldend Chleaun and Northwestern, bank quotations on ellglblcs 3U3'i i, , chlcauo and Northwestern preterrvd. 3. per cent and nomllglblos S'fili; per cent. -n. k & m 'I 1 1 Tl i hindlei Molors i.O'. Chi ft Alton. tl est ft lion pf 2iv, Chill Copper lft'v Clll .C Ct IV pf. j" Chi ft N W pf.14 i C 14 I ft P 7 PC rref t e . fIV, Cluelt-P'hdy pf till Comp Tab . . . ; Corn Prod pref. nii'i Col ft So 1st pf r 4 1-r.l A. Mo "A nf. 4JV1 Con O 7-5 I. ft P;l2,. Sun Steel 1st Pf 100 Cent Int Cal M 1.4 s P nice Sugar. 14ft ( onl an pre, . .-. Texas Co rts c ontineiuHi .n. . . Culia Am Sus- 171) Cuba Am Sui pf Od Hen ft Hlo Or n lien HI" O Pf .144 Detroit Kdlson 12.. i:ieo Stor Hat .'S4 Oeneral CU-ar 3i.4 Con cicnr pf J4 lien Motors pf lloodrlcli 11 K Pf I on flranhv Mln .. 07 (lulf St S. 1st pf.10.. llartnian Corp . 02 Hahkell ft Ilar..2s Havana Klee. ..lol llomrstako Mln 1H74 Int Aarlcul i.i t'nlted Pap Iird in1! Int Nickel pf .103 fnlteil Ity Inv. (lVi Int Paper pf sift no. Unit Ky Inv i.f 14 low-u Central -.14 c s Alcohol pf n:l jnil, " en, in ..,'. Kan city Po... tnT, Kun citv so pf 4.1 lrfhlnh Val . . .134 Keok ft l M .. 44 I.ee nub ft Tiro 134 l,k Krlo ft W pf 21 I.K it M Tob 2("l I.K ft M T pref llll I.onu lal Lfa pf. 40 Loriiiarn Seiihord A I... KV, Seab A t. Pf.. 11 Seara-Itoeb Pf .120 Shatluek Aria 1DH Slosa-Sheft S ft T South Hwv pref 1174 Stand Milling M4 Stand Mlllllur pf SI KiU lex ft: lie .. .1 Tldeivater Oil 2(11 Tohano Prod pf PI T St I. ft W. 74 T Sl I. ft W efs R4 T St I. 4 W pf. 3ft Trnnsue-VVins 37 Pnderwood Tjpe 110 Pnderwd T pf 111'. I'n live ft P niv ill 1 nit IK Sir pf.102 tJnltrd Prult lis Pnlt'd Irim. ill 1'n Uruir 1st pf So i'n I r liar 2d pf 73 1'nlteil jo Wood isi prer . . .i Demand Suilicient to Care for Offerings and Initial Losses Are Recovered f.HAIN Ili:i.T WliTIIEK FOKKCAfsT CllICAdO. Dee. 3, Illinois Cloudy to nlcht. eloder north i Tuesday unsettled. Missouri I'nsettled. but fair tonight nnd Tuesday. laeonsln I'ulr tonliht anil Tuesduyi colder lonlcht. .Minnesota 4'alr (onlsht. colder easti. Tuesday unsettled. Iowa Ln.etreu, hut fair lonKht nnd Tuesday! sIKhtly colder east tonKhl. .nn colder ue.t tnnlelil. Nebraska t'n.eltlril. hut fair lonlaht ni da, colder we.t tnnlelit Dakota I'nlr tonight und Tuea- 10 12 (in 1.1 fi.l 0 I3V4 10 '4 70 I Vi IVn- 1.1'li 30 5. 7 7VI 07 7.1 3014 0 S3 ft'i II) 30 Urn I'.i 7.1 1.1 I's mi 33 .1 1 1! 20Vi !) nnd TuesduM rolder west nnd central to- nisni. Kansas alr tonltht nnd Tuesday! not much chance In teninrralure. Montana and VV joining Pair tonight und Tuesday! rolder. Hrndee Mfg Inter-Lube Lake Torpedo Iloat. Iehlgh Coal Sales. . l.'ma I.oro Maxim Munitions . vj, Marlln Anns... 07 N Y Shipbuilding . . 28 N A Paper S' rulp. 2 H Otis Klrvator. . . Peerless Motor. Poolo 1 ng . . Keddcn Truck Scrlpps Booth . . S S Kresge w 1 Standard Motors . Steel Allovs . . Submarine St Joseph Irfad ... . Todd Shipbuilding . Trianglo Film . . . United I'rotlt Sharing U K Steamship .... United Motors . . . United Sugar World's Film Wright-Martin Air . . Zinc Concent .... 1 2 STANDARD Oil. STOCK Illinois 102 10K Ohio 200 , Pralrio Pipe .... 237 'Stand Oil of Calif... 2lo i Stand Oil of N J . . . -10k I Stand Oil of N V....JS1 70 III 71) in l3-)4 in 'U 71 l' h. Hi inn 33 I MS 33 Oil 10 13V4 10 1 in Con Aliz ! I-tnuia Com- First National. . . . Cioldlleld Merger. . . . (ioldrield Cons fiolilfleltl Florence... Cloldflold Kewnnas. . (Ireen Monster llecl.i Mining Howe Sound Independence Lead . Jerome Verde. Jim Duller. . . : Jumbo Intension. . . Magnate Copper . Mi'Kinlo-Dariagh . . Magma Copper Mother Lode Mines Co of America. Nevada Hills Nevada Wonder . . . I Nlplssllli; ' Ohio Copper I Itav Hercules I .'Un Toy Stewart Tonnpah l.'xteusli.u . . United Verde Wc.-.t Und Con While oaks White Caps Verltigloti1 iNDi:i'i:snr.NT on. CHICAGO. Dec 3. Uxccllent buying by commission houses and covering by shorts kept the corn market firm today, after It had displayed an easier tendency In the Ini tial dealings. At the outset prices were affected by moderate telling by local . Met Petrol Ohio Fuel ... Oklahoma lief Osage Hominy Rico Oil Barnctt OH f Oas. Ccsden & Co nik Dasln Federal Oil Inter Petrol Houston OH Merrltt Oil Midwest Oil 7!li Pllll. MIDI. Pill Call, per cent; NEW YORK COFFEE MARKET NUW YORK, Dec. 3 The market Mich Central Mackay Co , . viackay v. a pr u i Manhattan Hrh. 1 Manhattan Kl .100 M.. ll.pt Hlrs 474 May 11 Sir Pf. 101 Mex Pet nref. lm llli 1" S C I Pftr nf 4(lli I" H Kvpress. Is P S Realty Imp 15'i If rl Henlty I pf fto l-UUATIne .IJ,' Ptah Sec Corp' 12 i Interests, due to a. favorable weather and v'-Caf cmtT'di i'lisi exPcc,aton!) f-'f larger recelptn. Wabash ... s4 , It was made plain quickly, however. VVahaah pref II 20 v.n i.A aAMnna .. n., . t . i Wella-Pariro 7H "'-" "'" """'"". " """t llinil nuiu-1 sjnr.,,1,,;, Tf west Md 2d pf In I clent to tak? care of the offerings and I ""'K,, ' ' wI"t.,'..ll..u J7.' I '0Mta wre fc00 recovered Subsequent , Sf?",,. "" t IITTI Ok it rj . (IP efforts on tlio part uf tho beam to .force Subsequent 2M? . , enHA. . nini-iiiir United West Oil . . . Hi , ' 7 . 3 . 12 . 21 . 231)4 .113 Ti . 14 . 0 . 0 '. . lil li . It 211.1 213 ' 223 .11.1 2.15 STOCKS l' 7 la uiiic, mi a, per u-ni. i ommerciai pa- . .- ........ -". - ... . ' Miri st ihou in i", iuiicd ,u,u..n ,.,j...u -I'...-, ..uu u j() I'ac pref. 4il MININO STOCKS December January March . Ms . . July spot 30 01 211.3s 29. (IK 2H.S8 2S .11 3o m 3(1 01 Sll 20 2s. sv 2.(1 2. 1.1 III 01 211 30 211 (IJ 2 NO 2 411 II fi2 2S li.' 2s ns 2S.2.1 2S ns Last 211 21 L'S II 2S fin 2 4.1 2S In 3(1 35 per. three to four months. 5'lii51? per cent; six montns, t -.. ta a per cent. FOREIGN EXCHANGE NI'.W YORK, Dec 3.--Dullness In the general market for foreign exchange was relieved, so far as quotations are con- W'h.l X. 1. 17 r.f ..111 Wilson Co pf . tin i a break were not successful vv is central . .17 Wnolworth nf UN Wonhl'i!', Bi 'fcal"lnB "I't-ratlcnj. because of the war Alaska Standard ... 3 nonniwipnuii tax, were the factors that favored the Atlanta bulls, as they served to curb bearish sen- in- x . . i u, -. I.A.., n- n.i. ..! . . ..... "' .uftv , Financial Briefs this had little Influence on the futures. I BU",e Cnr & Z'nc . .'. 6W . -m., . i nn mo .JUlllluilin ui iu llLluai Kruifl lire I still high. up to the noon hrur. with no business . "" '"'" "' """'u ''- The visible supply.ln the United States after the call. The snnll early demand lrlc ytem in November showed n com- i Is 1,932,000 bushel, ngalnst 2,677,000 ay. 125i 2U4 24 us i! Oti Va ft-32 0 'a in points lower. There was little foreign demand for the September position, which was the only month In which there was trading. Trading was virtually at a standstill Butte New York.. Cal & Jerome 1 la in Hi . 7 IVs I "'a 3 12 24 23 110 7VA 7V. .1.3 0 7a 10 A on 1 '.Vi 1'.4 1 HhmrrovVmentirrtaHanexS '"e .00. or C pcr I bushels last year. with Uuropean connections, but the mar Liverpool Cotton LIVERPOOL. Dec 3. Spot cotton was quiet today with quotations un changed, on the baalrt-of 22.47d for mid dling, old contract. The sales fere 3000 bales. The receipts were 4000 Bales, In cluding 3600 bales American. Futures were quiet In the early dealings Spot prices werei American, middling fair, 2..C!d; good middling, 23.70dj middling, 22.47d; low middling. 21.95d: good or dinary, 20.95d ; ordinary 20.42d. .. ,. ...,,.. ... ... ,. . . W llll 4 "'"' "l' ' ":"uy "" """"""i ucai- kel wag wlthnut offerings, operators on Quotations were: bolh 8,aes aaltlnB developments, liemand sterling 4.75 3-lc, cables Open High Low- cios. HoL 4.76 7-16. Sixty-day bills, nominally. ' March 7.22 7.22 7 3il 7.24 . ...-T....... . . . .... -'I.W i.ii'.si (..ii. ii ni..iv.(:. - ii u 4coi. -:" cent This follows nlnety-d. ; bills, .69Vi July '! LOCAL MINING STOCKS TONOPAH STOCKS rWtV OF Af roCXTANTH I'alllle. Aeeouotaots ( K.'.Walaon. a PTa. msi mi,w -in iiuiiainr. tji -TAX KBPORTU V mJ'Ib. ' W4WM4W lll.l Jim Duller 7.-, MarNamara, 19 Midway ns lllfpah Extension , ,., ,04 Montana ot Northern Bur ui Ilescue Uula OK West nd no GOLDPIELD STOCKS Atlanta .....1 084 Illua Dull 01 Booth ,.04 DlamondAeld 11 11 .01 Daisy ...,. , 02 Kowanas 04 Ora l)l tiandstnrrn Kendall ,..,, ol Sliver Pick ; ,,, .08' HISCELLANEOUS Arliona United 20 NavacKv Vfondar ...,,i I.o0 Teeosw Mlnles ,....,,..,,,. ,22 NKW. YOWC .tor-AMD BGCS Ask .7s .23 .12 .UU .11 .(Id .10 .03 .084 .02 .ns .02 .OS .Oil .02 .02 .10 ? 1.75 .: l4 69 4 Frano cables C.'lVs. checks 5,73 ij. Lire cables S 15. checks S.17. Swiss cables 4.30, checks 4.32, Oullder cables 44, checks 434 Pesetas cables 23.80, checks 23.72. Ruble cables 13, checks 12;, Stockholm cables 37i, checks 37VJ. Chrlsllanla cables 34 Vi, checks 33?;. Copenhagen cables 31, checks 33 !i. UANK CLEARINGS Hank clearings todav compared with cor responding day iaat two years; 1H17 loi.t mi. l.kll.. ... ...u ..,,. ..n ...nAn L'?1 N. York lleaton St laiuls 1 niea-ro lui.aiin.iim sii,7.i712(l (11 21S 111 uaunnore ,Q7ll.UM 7.35S.1IIS 6,084;443 RAILROAD EARNINGS CENTRAL OF GEOWJIA I September 7.30 7.6.1 7.KH 7.74 7.3H 7.3.1 7 ft.1 ..73 7. .in 7,i $46,000 or 6 ner Jne ,"K" on -January was l.20'i, the cent gain. In October and an Increase of i.-.-,!.,, compared with 1 19i. the ilnal , 145,000 In September. t I quotation of Saturday. The best on .May was 11.19 the bottom 1.17s and! Combined earnings of all Uyllesby the final ll.lOffl 18'i, ngalnst $1.17T. ' properties for October were l.u28,949, Saturdaya last price The high on Do- Tl"'s I nAmKan iinu i ''5T. Vi Irttis 11 nml 1 an Increase of 1189,010 compared with lno rlose tLSSU, compared vvlth"ll.22. Silier I'rice to Be Fixed Soon . the sa"le "0,ltl' 'a8t year Net for the Saturday's final price. 1 WASHINGTON Dec 3 Tho Govern- mon"1 increased $24,163. Twelve I Oats were strong on good general buy ment Is about to extend price fixing .to ! months gross was $18,690,638, an in- ,ns by commislson houses induced by silver. This- was virtually ai-reed imnn crease of $1,906,965. with net for tha strength n the cash bltuatlcn. There I " " . a . .. . v""vlateX0ri-ra-aA-n4h4e.-ktl-.ctfr.Ma-.i.aad. A lay between Director I period gaining 3oo,76. i -.-i..v ... " , ',""""' " 7.HO 7 Sl 7 (IS 7 i 7.73 BOUGHT SOLD QUOTED COPPER VALLEY C. Edward Connell 50 Broad Street New York Telephones Broad 738-739 Direct Wire to Curb Market at a conference today of the Mint Ray T. Baker, Qovernor factor was a revival In the demand for ' Boyle, of Nevada, and Senator Pittman. A fecial meeting of stockholders of . " im w nere una aiso or. of Nevada, the two latter representing the Carbo-Hydrogen Company will-be1"'" t .... .m'""- ' . sliver producers. The plan under con- held I'b" 10 for purpose of vot- "bout 500.000 bushels were reported, a derat on contemnlafes control of pro-1 ""' an I I" the capital stock to for shipment abroad. The volume of siueraiion lumeiniutiica vonvroi 01 pro- ., ., nnft ,... ., , .' ,. , i,n, nui n' mM.rm, ductlon and distribution of metal through , ;:,' :i nf Th. Z.IZ.,"V s'",", V. ilf'i nnAllnir of nil stncUa Prnniti'.ra ulll I.a . '- . . . :. .w t.nt. ..... w RBsured a reasonable profit by tho Gov enimeut. This step la necessary. It Is agreed.' through the fact that sliver prices have Jumped 60 per cent since the United States entered the war. October vrosa Net Ten months' a Net 1(117 ll.BU2.fl08 .101.1171 12.7D2..1IIII -'.11.12.01)3 CANADIAN NOnTHKR.N October rross ..... ,8,011, BOO Net SOI, too Four months' csoas. 14.SS3.40O Net 2,013,100 JKBSKT CENTRAL OelobariroH 18.331. 17 Net ....... ....:, 874,80 Ten mentha' tross... I1,(11.4K0 -"J? --.i-A.Srf'Sii?,- n'i'":-mimr ,$i Increase 81)0,817 lS.rlUS 1, 781.843 208,012 1224,800 6211,200 1 IHI, (100 1,707,200 $378.10 IB4.4S1 Z.MS, Call Morq Loan Deposits Another call for Liberty Loan de posits by the Government will be made as of December 11. The percentage was not stated. This clll will be followed by another on December 16, It Is said. Shipping Head Is Optimistic BOSTON, Dec. J. Despite the requl cttlonlnr of five ships of this Eastern Steamship, fleet, President .Aubtln takes ii .oputeviu Yiow vij ;. (nmiver. ,tf ILVM. rraJjaaM' th' . riovaraMaanJt tmill- preferred and half common. The New York Subtreasury gained $203,000 from the hanks on Saturday, reducing the cash not loss since Friday to $21,603,000 CLOSING LIVE STOCK PRICES CHICAOO, Dec. 8. II008 Receipts S.IHJU head, estimated tomorrow. S7.IHU t Haturday'a avers. Ilulk. .eavy, Steady. Steady, head strong at saturday'a avers, ;.73vl7.ini light. 81(1 2(l IT.u.lj n.ivii..j nca.y, siii.nsisr I f..o im. 10 i llaht. tl IV17.25: heavy, s: rsuftu.25: roush, lifl.nuffm.70. CATTLE HecelDts. 20.000 head. 112 SO SHKEP Rseelpii, 13,000 head. Ijtmba. lll.75Ole.80. KANSAS CITT. Dee. S. CATTLE R. eelPts. 28,000 head. Stsady. '41"" IIOOS Receipts. 8000 b,ad. BUady t XOo lower. ' ' , BHKgP Receipts. a.lrU. SUady. . ".ilTM'tS '"r.v'i.AStS0- ai.-r business was moderate. The visible supply In the United States is 18.595,000 bushels, against 47,438,000 bushels last year. The market at Liver pool, was easier or, liberal offerings from Argentina, Shipments from North America for the week were 2,787,000 bushels. The high on January was 729icj the low 70c. and the close 72H4f72Vic, com pared with 70 Uc, the final quotation of Saturday, The best on May was 70Vioi the bottcm 68V,c, and the final 70',ic. against 68ic, Saturday's last price. Leading futures ransed as followat Rat. Open. Hlsh.s Low, Cloae. clost. Corn (nsw delivery; ic. ... 1.22 1.28 Jan. Dec, Ma: I. ... 1.22, 1,28 1.22 l,38ti 1.22VI I .'.. 1.10U, .20 !.! I.20M.lis y ... 1.17 1,1 1.17S 1.18 1.17H Dec. ... 70 72J4 TO., Tl4 T0V1 Mar ... o 70s; osy, trov! t Jan. ...2453 24.60. 24. 83 24.85 34.J5 COPPER VALLEY The beat buy on the Neio York Curb 'TODAY Copper Is the l;ey- stone of the entire war situation and will continue to dominate when tho great period of reconstruction he. gins after the world-war U over. The famous 200-mlle ''op per trail across Arizona Is producing the major por tion of the world' copper. Copiwr Valley owns out right, free and clear. 200 acres of the most promis ing copper land in the famous Copper Dasln right on this trail. Reliable assays on ore from this properly show It , copper with gold and sllrer ralues of 11.35. The Company has only 800.000 Issued stock, of which $400,000 a treas ury shares. We hare uneaualed facili ties for executing orders (n al;v.vrH siufiw 4 . ' , jL ' S.'t .1- ? .w.'o-rj. ". v.,v lll.l "A 3 in n I7i 1 1 ". 7.1 1.1 ' lil) 1.1 V-4 28 lli in l!i 8 1) .1 III 4 l'i 31 A3 , 3 ll II Ask 114 Vi s 1.1 12 ts 1A 4 4 n li ao 17 "i A3 46 30 n 20 2 svi l 3Vi 1.1 ft Kr T IIOMI." Ilethlehem 5s .... Cosden Oil 6s fofden & Co fih. . . . Cudahy fis Russian Govt 5Vat. Russian Govt CV-js. Soutli Railway 5s Sinclair Oil 6k. Todd Milphldg Cs. . 97I& 77 77 111 47 .18 0.1'i .03 1111 87 70 70 07 so 60 08H 101 cloa. (sal?) lft- ft 2' 4 li 411 4Vi 5 i 47 30 ii vV lft 07 U 4 S7V4 Local ExchaiiRe'ri New- Service Flag The new service ling of the Philadel phia Stock Hxchange. bearing fifteen stars, has been levelled by the secre tary and will bo hung on the wall back of the rostium with fitting ceremonies. The new law a..ectlng transactions on tho Slock Exchange Is causing a great Increase In the nmount of clerical work necessary for Stock Hxchango members. FOUNDED 1865 The Provident Life and Trust Company of Philadelphia Whom have you named to be executors? Is there a possibility that they will not be able to carry out your wishes fully? We have had over half a century's experience in the handling of estates. Confer with us.' FOURTH AND CHESTNUT STREETS 6 EIGHT PER CENT PREFERRED Stock, camuUtlTs, offered private investors In eitabllihed loeal automobile ooneora. $80,000 or any par thereof. Details to ta foresters. Best secBrtt. I ,W sMaal . iJZB 'I r -" T -.-.m- -t' lr Viaa."'Vti.",2- T:m!2? 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Significant historical Pennsylvania newspapers