.i M -- f - i- rfcVf. - rtA- v-'VTttfp 4 -TVi" A ' ' EVENING PUBLIC LEDGER-PHILADELPHIA, TUESDAY, DECEMBER 4, 1917 NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICE! ' ,vj'V-w ""V-1 ILLY, BROCK CO. ban Krai INVESTMENT SECURITIES GOVERNMENT MUNICIPAL RAILROAD A,ND PUBLIC SERVICE CORPORATION" BONDS MC CHESTNUT STREET miLADELl'tlLV gi,Mrt m fVa Reading Transit & Light Company 6 Secured Notes Due August 1, 1919 Circular on request Bonbright & Company MORRIS WISTAtl STROUD. Jr Manager 437 Chestnut St., Philadelphia New Totk Ho.ton 1). troll London 1'arl. e htia.,. TRADING LAGS ON LOCAL EXCHANGE; PENNSYLVANIA RAILROAD DECLINES PRESIDENT'S MESSAGE CAUSES VeTv TorkJtoJs BRISK BUYING OF RAILROADS New York Bond Sales Promised Address on Carrier Problem Taken to Indicate Favor for Higher Rates Mar ket Declines After Rally High Points in Today's Financial A'cit.s l'mlitcnt's mcivwf mined hrhk hutilnn niinemi lit in rnllrnad stalks nn .Veiu Vol". i:xihit)i!i , hut the marl.it hiti r cittiiini iit'tltc and ucak. DuUnisr ntltd Cttili Oati tu n htiihi r In Chttatin Cotlnn ilidlmd. Lire firm In fnnlijn exehanye markit Ihr ('nntl)ienlal Can Vnmpnny tie dan it a special utiirk fill Mend nf .15 rr rent, l'rties of l'i nnsuhanVi crude oil ddinnrrd, liar silver vnthanind In Acic Yurk mid Lomlun EIGHT PER CENT PREFERRED Stork, c o m n 1 1 1 1 ? , ctttrrd pr.Tfitr ItiTtor Id entnhllfiliril lorst automobile c o n c r n, $50,000 or nn j- pnrt thrrrnf. lltta.N to ul. lOTettors. 13 est necurltj. C 308, Ledger Office ; L , i 1 We Specialize in COPPER VALLEY BOWLEY & CO. Members New ork Curb Murk. -..n. 44 Broad St. New York Lrjw , Ttlephone Broad $32 IIOI.DKKS Or 1 MTI'It TBKAHl RV CKKTiriC TI"h si TI-s or 1N- mutTKIINESS: Ths 8eris of J30O 000 000 Tr.-flK.rY Or ttneates oC Im!ebtdneii dUt-il . pt m.r 17 itl7. and rnuturlnK I)Tom! r 13 I'M" is iireoy called for redemption en Ileremher 4, 1917s at par ami a-crueil IiiUdm pur uant to the provision for sud. r '."trmtlon rqntalned In th certtflrat On II imbr O.7 1017, Interest nn all tertlfcutti of -mJ 1 aeries will cea?e to arcnn The Mrlen of $4iti) omimiOO Trnnury -tlftoatea of Indebteiinen tl.tfd 1 1 mlr ."I 191(1, and maturing December l"t 1M7 H herfcby called for redemption on Heremher lidT loll, at Dar and arerutd Intprrct. pur nnt to ino proMHinn inr nut n r n mi iinri Bntalned In the certlttcntfR On D imt.-- i. 1017. inter rat on all ctrtlflciU- of siJ aerie will cease to accrue Th Buries of Treasury OrtlficR.A ff In- ilebtedneas dated October "4 1H17 nn 1 mi ftartna December III. 1917 will pot be r' 4ecmed before miturlty, but v 111 b paid en WILLIAM O M( l)Oi Secretary of the Treaury November C3. 1017 LEGAL ADTEBTISKMXTS !Ksa KSTATE OF DR. JOSKPII M. ML K& ATKHTA, deceasml Letterw tta tnentary on the aboe entatt havinir b r granted to THE PROVlDrVT LIJ'K V.M TKUST COMPANY OF I'lIILADI.PHl ri all persona waeuicu tu mi Mild f HHiir urt 'Jk requested to make payment, and thos hi FVz nm clalma to present th name, without delay, at me, cnic or me said rcmpani 09 Cbeitnut st . Philadelphia. ASA H W'IMl Prtsblrnt J? IHB TOJAJOVfOia TEnsONS urn hri-l -fc DattflM) to pay up thlr .torHiJp rhHfvrs or OOd. will h .old on December 2fl 101? it t To . m . Franck'a Auction roo V j,i m W. F. Hiftman. Loretta hchlefkh, Mr riouil 'follow. Klornc OrciEor O J Urathan Helen McCun. Bcrctr'i Storage Co . office KIZ Market DlltKfTORV II F AITItl TNTS Certified l'ulillo Affoiinlunl. George K. Wat.on O 1 A Hth floor Ileal Estate Trunt Hull line AUDITS TAX ItKPHUTS RAILROAD EARNINGS , NOHTHERN rAflKH- V . 11117 a Jiit a mi nji SWn moninr kto.s 7.t.njt 'an $7 nni I 'i 71111 I7i ::i 13J 8MI tl lii.an mi nm 4 37? (1117 11 jim in.1 Il rrenPe H.V. ill.' 1J.1 Ml 7 l-.O lilt t Kel -'I...HI .'3j 11.I113 " Tf TOLEDO. ST. LOUIS AND IVESTKItN "-iVaiiTtb weelc Nov.... 1171, u2rt ill il ' , :Jrnth 4.',.1.'ii imniii : Tom January l I..37..137 1 ip.'ii jut '('$ NEW TOIIK. SUSQUEHANNA AND v -j WESTEIIN V VKUetober mtoi. I3l 111 X N.t 1.' ir'ten month.' croaa . . S.r.'Jil :17 fN.t .U1.7HU fin EHIR iMtbrrnoM (7.77.1.717 3p.t i .Mil an lt 0.34U.477 Vm CHICAOO AND NORTH WR8TCRN m. .i tin I.V 41. Lnri 'Oli nir .ivm Z!!i '."' ''""' t S.JW 3JJ ' -! W-x L oner. Income.. KK ll'l Mlil"4il i month.' ro Su 7J.17I t Yw - ..iiiet opcr. Income,. 2.0SJ iiJI '.OH.C40 i r, A4UUIO A 4711 DA1 -HA.l.-u r n 'fStSn '",i -v. :t. ....... I.NTiJi. .tl.i Booth.' ro... S1.177.k;u r.44". 4 f . .'. l1,.' i,J( CANADIAN 1'AL'irtU HKk NOV,,., U.DU.I.IHKI IS1.' IHIU ORLEANH. TKXAH AND JIIIXICO rnu IIMI.IMI 'IUI Mn " SIU.MH ilPU UlM thr ro... n.i.'ii.iim -jiu .i.mi l,inv,i,iiii i.u,vj. ICArOLIS AND 8T. LOUIS wt.k Nor.,.. J310.R71 (I.3H7 h.Vi.031 'l.-iu 47U fliouarr 1 .k.1.mu '1S3.7JI . Ibtra by Morris & Essex YORK. Dec 4 Morris & Husex th recular aumlannual 01- f M4 ' cent and the extra of 'January 3 to r-. Ni:V VOIUC. Ilcc. 4. Thu Strut wiiltid lrni.iti(.iill all tlitniiRli tlic innrnlnR for the imli llctllon uf tlic l'n slik nt n nn.'ii.mu, uhloh w.ii tnct.it to Indicate Ills attitude mi Important ilonustlo iiiicstlons lelatlni; to tin- rnllioul nnd In dustrial outlook as well hi conslik ration of tho l'uropian nr. Ills statt-nitnt tint a hpcclal mcwieu will lo yubmittcil to Oonurtss later on tliu railway Mtiiatlon was usburntd to foreshadow favorubto tprts Hlims mi rate ndvames. This asMUinptlon htarttil it brisk litiltiK inovenient nil wlilelt prices of m inj MocUs made Kntlis of 'J points or mom, Imt tliisu niilns wuu not loni; tirilntnlntd and tero followed li siiltniitlnl tcccssiolis. Trior to tlm piilillcatlon of the nif-sap- tho nnrl.it lud ac'id In it ilIouiiriii.inK nuinnci, The deolaintion of the Jlfl dUldcnd on Marino prefiricd after the rlon tsterdu, luotiKht In tii.in selllnu orders on that Mook, and It opened down . pidnts to U.''vi, and, after u r.tllv to &4, j killed to 'ill,. Ilctlilelitm Steil '1! ' --old down 11 to TS'-j, followed h an upturn to "7'i. whin the iinsapi was published A fenturo of the market was the M.ircltc ot lkadlnj.- Some Mnill !iu itifr oidcf" id iced In that stock around mldda. entilil not 1 e ctcuttd near the cum nt in lees, and It casllv rose from fib' to Tl'i. rontlnt111.il Can aft r niltaiit'liiK "rH to 'jii'h. on the deel ir-itloii of tho 35 nr tent htoek dlMdeiid btid.e to 10 Anothir .'elllni? movtmi nt startid bi fore tin close on which I'nitid States Slit I dlopptd to In low 00, and Mailtu pufirtnl hold Ulow 0.', with iu.ui otliui storks at new low prlets fur the diij. l.lljirlv Loan "'s langeil tiom Jiv SS to 'iS "0. and tin 4s weto trndtd in fiom 37 7C to ! W Otlur bonds ctner.ill wen lit .it v, with Jlarlno Cs hitline down 1 per tint to J.' 'J Period of Railroad Amalgamation in Siyht I'et banking opinion In Wall i-tnet Is th it the eountrt is about to enter .1 period of raiho.ul am iiinim itton which will bu tho direct out trowth of the poolini; of th" nsourcis of ihe- rallwas Thelo nre many t.i ik lines that 1 mild be taken (iter lit the stronfii r earrkr.s with result ant economies tint wuuld tend to MKiiKtlun tho t utile structure. It Is felt fin therniore, that rallroid sh irtlioldtrx as one intmst puts It, would bo more Interested in tutting "tables Mablllzed and moderatu taniliiRS assured than in contending foi nut mnnopoh tables ttliith futorablc location or superior terminal fatllltb.s hat it Kit en them" Olio of the phtsi s ot war prosMtltv Is the detelopment ot octantes sel construction on the (ireat I.'ikes The Amcrliiin Shlpbuilillne; Com pany, whoso slriies leeentlj wtie listed on tho Stock KtchatiKe, nct jear will ttiiu out setditt tes'els, all of ttliith ecept one aro for silt water. Last week the loinpant rinsed tirdns for fortj boats of nn att ratio tuluo of $700 000 e-K'h I'lkci totliy aro from 100 to K.O per cent In excess of what thet wero two tears nito The conipnn, it is slid could, if It cared, bonk orders to caro It at tnpiclty foi tho nttt thtee ti trs. Tho 1 am InKS thU ear are cpeutul to amount to 60 pi r cent beforo depreciation and clmt kvs for the war ta That the public has the money and is spendniK It is otldcnced ill the sties of Stars, Itoeltuek S. Co whli It lucre iKcd 1J4 pel 1 ent in .Wit ember and for eletcn months -liov a k.iIii of nearl 24 per cent rurtlur lipht is thrown on Mnallnl wattime economies by tiio Annus ot 11 1 irtic r.n(,'llsli 1 onfectioutrj concetti Its gross prollts In 101 Ml amounted to SlSOXCu. and In 101ri-M to $231 ISO. Last tear thej were $15s.Sl Tho tompmy last teir paid out 40 pit tent In (lit Idciids, as iiKihist 10 per cent In tho jetr that preceded the w 11 Development in Motortruck Field The tccottrj the list ten dijs In some of the motors has to do with the detrlopmcnt of the truel field The deintnd for ttueks I1.1H assumed proportions whre there is pkntt of hnnlne-s for the majority of tho producers-, and a ntiinln r of cninpanks that heretofore liato depended solelt 011 pleisure-i'.ir Inislness are arianclnK prounms tint will call for a heaw prodm ti 111 of trin l;s of the one and two ton tarlott. Tin- congestion nf the r.illw.its and tho eperience of business Inter ests that tho truck is 11 (heap medium for h inline; Rnndx hate aided in tho detelopment 01 this field It can be s ild authorlt itlvelv that seteral of tho pletsuro-cnr linker who-c pi nits aie equipped onlj for assem bling; hato decided to resort to tint method of m inuf icture of trucks. tt Is helps1 asserted in crude oil circles thit if this tountrj and tho Allies are to hato stillicient oil for net vir s rcquircinunts Increased liroduction mut bi obtained. Tho situation is thoroughly undelstood by ihe producers nnd thet bite been sjiurr. d on to greater 1 (Torts and hat 0 succeeded in cettiiiK a liroduction 01 record t ie. but dennnd h is nuido rapid sttldes ,tl--o. so that drilling nper.ttlons will hato to be quickened In new acreage to help the ilrcady heatt burden on elstlns wells. It is stated that consumption is 20 OuO.nuO hatreds tt jear in tseess of production, and this is llkcls tu ke i up as Ions as tho war lists. A piod deal of present production Is coming from the midcontinental tlelds The situation thorn is none too leassurlnK, however, oklihomi pi eduction Is falling off, notabl In tho dishing Held, but tills has been more than off-ct b the incretsul pi eduction in Kansas so that the ques tion in the lnideontincntal district appcirs to, bo Just how gic.it will bo tho output in Kama 1V0 Speculative Fever in Oil Fields In tonncctlot with tho foiegolng sltuition In oil It is Interesting to nolo the temper of the present-d i traders as regards (speculation In peti oleum securities. IY0111 a theoretical t lew point, conditions wero neier so favorable for the newer companies operating In producing fields, but tho publh appeal's to be disinterested In the potential possibilities of tho tarioiiN companies, with the conseqin nee that there is almost 11 complete ab-cnev of spcclil Uito fetcr so common In low priced oil stocks a ear ago Piomoters say It Is net to Impossible to ilo it sh.ues of new companies at the pttent time, and tbev hato withheld their introduction on this account While its inllilencu on the stock market has become tutually nil eloso attention Is paid to the niontlilj tonnage statements ot tho United States Steel Corporation lor the etidence these contain of how the In dustry has h1i iped Ifelf during tho period cotered by tho leport. In November several subsidiaries ot the Steel Corporation ttero forced to operate undtr an inadequite fuel supply and a few greatly bt low their normil production. They uto not, however, suffeiiug to as large nit e'ttent as most nf the largo Independents, among which reductions of 15 to 2u per tent In output has occurred. It is uiidcrs'tood last month's llgures of imtllkil tonnage. 10 be Issmd on Decembei 10. will show a falling off of 400,'itO tons, compared with October, eten though subsidi aries aro known to Into accepted contracts which amount to about 75 per cent mote limn thev handled during Oclobei. ltla.ll Low Atlis Hold M :" Ui Ulls-i'lutlm Co I1t i;i(, Am Ileet Suit.ir 71 71 Am Can . 31V4 do prf lid 1 1 Ait Cur o. I' fit nt do prif 101 Am hit Corp .11's ,uii Cotton till iU Am 11 .v 1, II do prcf fpl'i Am Ulified .'l' do itref "'' Am I.oco . AJ'-i do pref 01 Va Am Milt pref II m Snieltltic "i Am Sum Tob . .1014 Am StI l"d 31 Am Suitir (11 m Til .C: Til Hirt Mil Toltacco 1H1 till Wool jifil (in Mil Wilt ! Itf Jt Clone S Hh 71 I Net thif Am V.lnc & l.d I 1 Anuond.i . .T Atrhlion HI do pit f HI All (If d I 'ill, II iMhIii hoc Co tit. IK', Mi II Vj 7H 5J' UK i Hilt A. Ohio ilcv pn t II irn tt Cm lb Hi Stul do II do pn f I llklvn lip Trn Hums llu.s Ulltte . Sll Coll IHIi Cut I'ltrolelllll MVi do prcf Ijij Can nl I'.idiu i:. 1 Ci tltr.ll l.i Itliei Ill's Ceno lie I'ast o .111 , ('li miller .Mot in Chf.11 A. nlilo r.K Chi .m a. st r -i7 do pit f '1' i t blc A. NortlnM yipt fhl It I .1 T t ( IHl do I. p p pf t e III'., do 7 p 1 pf tt II 'v Chili Cop . , lie, Clilno Con Cup 1 1 n, Col I'm I .t I 11 '-. f"l His & lllii' .l(i, Cunt I'.MI 'Ml'. Coin I'roil JHU do lire t iii s. frill Iblc s'tl siIt, Cilbl 1 line Sag l'i 31V. li n (11 ld Ml. Uie, 31 Va 1 7(1 All 117 t8 .11', 7 4. 37 At HOT. Illl, 1 11 I II HHI( It U'i IM. Hit HI 'II 31 Hi', .V7 II 'i 7"i .1 IH lii pnf I'd .'. 1 tnl home .Mines liistlllers s(i I rle . do 1st pn f ilo .M pn f (ia'-loii-Wlll fen like fu 'kin r.il .M tin i : Irlth II I' (lr N'nrth pf . rir N (no subs 7H '." it' . 3 1 ', IV Jl's 17", .try, 35 H ' VA nt -1 1M 's 11 l Mil I l'J M'ti Vi SV,i i 7IIV4 1 All .1 H7 e, . 3t 3 4 V, i4 ,7Ji, 1 Mi 37 1 tn mil, i, iojVj st, HRI, . "4 1 i i 1 3V, tt. HIl4 1, HI IV, I", 31 te, Kill; i(, ttH ,iH II 1 'j 71 I 71 IV. II H ' '4 ll'i 4 '1 lll'i IV IH, l. Ulj - '4 .171, i, III C, til ', lll'i I1J t'j .Id's S. II 111 !', 4(1 c, t 's .IVU IM, 71 i 'Ml l'i !', mi- 'i, ! -: j 4'llj I Ms-'. It , 11 I -M". I, (H. 'h S SI' I mis ' l.'i.. I '4 .'!.' ."(. I 77"S. 1 '4 I 111 r."' 11 il". -' 1 "4 u'i 111, 1.0 111IS ll Ml', 11 MS st in M'4 s-" st sil Ml 711 ItJS 00., in 1 1 mis mi 71'. (.!'. s.'S t , ton l'7' ." 7n l' si it', ?-' S soVj II', fll'i 11.11, lll'j IIP, .171, lli't. ill'j Hi's- -IV, 71 I'd 'j ll'i 1( Pl'j ll's II II Jin I I I .'l."4 (III '. iJ 'Hi'. II'. fs :it Ms, -M'-i, 17 1, .11 '4 llloti Itoiin ttlnms Knitrp.H 4. i.us I lien Am Aft tiili St in (l-'tKHI AnKll I relirli r. 1HI Kneed Am Fur Hie fm 111 Iiiihi Am Smell . 11 3s stS t (ihhi Am lei lt Is M', L'I In 3s 1'U, liitiii Armour Co IH" itl'i 4".ii Airhliton S'tl 4 IdS Sllll'l tie cv Is st tnim Hill tl .I'.. mi 4KIMI il 1 3s S" iiiiill (tit 4s 711 IlHHIII till l I'jH 7S l.'iillll II, th Sll 1 nt t KIM 7s toon llreek It 'I "it is IU, lllllil IliiPltnut si IMi'li Cnn llmt 111-1 (H'S 1 1 (Vnt Ittith lut ." 'it'a 1 nun lint II II t J Ss inj Iiiihi 1 hill cm ir "it .1(11 1411 'h.R A. n mm fct. i4S II Chi llt Wist lit 37 1 Kliiil Chi II A tj Joint Is II".', I1101111 Chi tin! A Wit.it 4s lit 711 CM & sti- rf I l"j 07 "mm il,, 1 nnt tt 77 Iiiihi .1,1 . S I's'i 1 It t I'e 7.' liw I hi II I i. I'f I 4s (IIS Jl'i'in I IH "f I' trin is st .0110 Ci 11 (hut 11 n tls Inn', 1 1 ulitn Am Him 'it 1"" Iiiihi Cum I'ri.l r .11 US' ." 1 11 m 1 1, 11 K III. 1 Hr l H-", imin ii 1 I nil 1 !',. 7n linn KM. tenv 4 H r li II Mhhi I rl- Kiti It 1,7 t'Timii rrt 111 h llti.iili t'-jB I'C I mm den I. In tl 1. 7JS '.'t Inn rt, viii l'i n toon Itittrh It 1 r f .". 1 liiti r M. r tl ir He I'HHI Jap tut, II S ISe Minn K in I lt Si '.t 11 mi f. 1 trk tt 4IHHI I ink I Sll tt tllMI 4 1 11 it t l.'i "h I. I. It ll'.'s .'IHHI II, 1 li 4t 11111 sk.mi 11 I lls-rlt III ml I'v lltttlll (lii M It .' iiiihi I Mint tit tin in tiiire'lii. nt t... 1MI1II Vlit Slil I hi 't M'i Vlinil tin l'.i. it III It "I1, I iiiihi N V t H II lit 'it l-lilHI N t I llt It 1'IVI ssl, sunn ill 4C,t plii! list, 17IHHI S t llttV "t I'M, 1 1 s t T'l km I'jh si, .(Hill S UU I II I'lH 41' Ik. . hi . 11. to st). 100.1 ,1,, h n u ".;- ' loMM o-t h ri I. In vi., si lllllil 1'Mltl I 1 !-. IllMII !,. Itl Uhh " M'i IsniiH r nn cen t Vhh HIN Hum 11 1 I r Mirmi'ttt T, llii hi It n I & s ' Hint 1 I' Ml M-eM pi . 1i j; -I AsT iijt vniin ," 1 lm 1 mi ii mt in" 1 ill sir 11 'Jnnii hi il id V 1. lulj ' I.ihmi l-nuth le H i mho i 1 1 t Ik 11111(1 il 1 t "ri .odd do rf 1 In mini niiih Hw lii iiiihi Tnkl i Iiiihi Trl It "1 s mhhi 1 s ltnM r ' ihhi f s 11 l iron t s Hub' r in mo T js, jm Ih f 1 "li Mi I'rt in V Ipt ti Mimft 1 it II A t i r twioo 1 1 "..s vim t0O I 1 U H 111 'l"'- 2H(HI ll . "'-s M l'i i-, I 01 11 0 "'. I ft.' J li ntMi i HK 'm tip. t'lnc l.it tn III M l'i MS 77 7 tij M Mill. If.', iiu mi 7 j wis 11IS lit', llsi. III'. .''t loot, Inn l'7't i..' I'. silM it.'!, s.,l, l'i si'i Ml SI' SI' tl'. IIS HK 1IK 7(1 'IH 71 17 111 117 tH '17 in -. "IS MS l'i Ml It'. s Pi II. sj' "IS Ml ttt IIS Hi SIS 11.' si'. ImS so', til I Ml', lill'. imj r. I sll till. Silt, til 11 US 71 11 J "1 7(.V. H't pin let sT' SMS l.t I-1 71 i."i 7i.S I't's lllil itU, S7S '17 v ttU 1S U rn' s ii r-, US 71 ll." "1. S I'tl, 1IIO is , S7l. n-s telll i.S i7' it', 'il Sales in Philadelphia null. Lot, Am (ia inn 11 o. S t picf . 1.1 III snoliilil.tri 1:14 17 'am sii ( 1 An 1 rue stl .lit, I i:ioc Stor I'Ci s ni-tu su 3714 1,11 1:1 it in tin InsfoNA SI ', .1111 l.k Sp r'p 11", 1311 1.1 h Nut .111 it; do rle 1st pnf lm, Jl l.eli V.i I .M'j Mln. hill '.' Ml-lvile u 1711 I'etiii It 'I H'h III fa Salt M RH Inl'lilli f 47 1 1 1 do cum pf .in mix l'h Lin JI'h 1. jii I' 1ST I . '47i, 711 l'h 'I la. in lb ail I tig Ton Mln lot I 11 'inn Jill 1 ! I I II ' I mill I Slerl llj HK 111 i 1 1:1 (is .1 1 ', JSS II II V 1 ml . I hse flit. S.I tliKi II I.I 17 17 ti in All, A I'll 4014 37 1 1 II 411, ll'j AH v. At KH '47 ill I, !1 t'l 1 a .17 1 a II 4 IVi ll'l, .".I u ll'l I, 71 ll'i 'll'i, 181, f ' 31 'i . li ii' ' HH 47 t .'III 4V, ' l.'i 1 IM I.H i I.'' '.4 1 ll'i I.IH.1 I i(lV HH p, l'i I 14 II 77 Favorite Investment Issue Drops to New Low Record of 'Mr,ii Philadelphia Electric Active Girard ' Trust Earnings Big illU T..I 1 1 tile., li.'tHI tluiret, itiiiut in il ttlili 1(111 timet utttintiM lloit fir tlil. hiiI,. I l.lls .Inn., time in rlml I i.l vttiU, I.I17 th iri ., IIIIMIf N.t lllsh It 1 l,t Slim tin ( In. Il ,'.s Hi H" HI lllllil its 4 in '17', 'lit, (17 Allllll l.ln .S 1' lr 4s 7i' 7i, 74 31.711 I li llnllil , 1 t (i 41(111 iln Is t)K lllllil 1.1 II .il gt II I" HII iln t tins Iiiihi 1' o telii 1 t'.s 'll '. .'(Mill I'll Liu' l-l As !H lllllil I' II A. U Is iJ IIIIHI Sp. fu 1 I -I'll. ih in (is in 17.711 II. 7d Sll (II ll'.l. 17 HII HI', -i iV-, I 117 li'i',--- I'll, liH liH HH .".H .11 (iiceiie fan ( (qt IH lilulf St ite Stl HI j 111 Ci nt IH', Inspiration fop I IV4 1 Interb-fon C tif l lut liar nf N 1 111 Inttr .Mer M.tr il , Inter M M pf 'il', I Inter I'ipi r il'v I liinr N'ltkcl :7 1K.111 Clt South K.i, 1K1 iinecott Cop .11' ll.lckSteil H(I'M I l.lke llrle A. V U'i . hellish Vnlll t R I 1 1 .011 Is fl Nash Itl I Max Moto- isij I do 1st pri f IH tin Kd pit f ii S j Mi l'etrol 1 1 Miami t nn fop 'in', . Mldv lie ste. I 4J'ii 1 M's l'.u Itlc' i I do pref t'l', I Wit ('nil I'nblo 'il Nit Lmlg A: Stp 17 .Vi t nl 1 foil f p 17 llVetV II T i 11 l'i N V f t nt !' N V N It f. II. iHVj N V 1) A. M !'!' .Wirf & West.lni IWntli I'ac HI', , Ohio Has (1 mis Hot I'onnu It It Pen (las .t C IM1II.1 f.i l'ltts ,L IVtsl I'ltts t'oil l'ltrcc riow Hull IMI far It iv Con t up Heading I'.-Ii I &. S tin pref U05.il liutch . 7i S ion Motors (i st L. S 1' w I llVj s( lrs Itoebuck 1 Iff Sinclair till . II Southern I'ac HIVi Southern 11 K .'4 14 Sup Steel ... 31 Stilikluiker . 441, Turn Cop & C. Ii' Tctiis Com . I4 Hit, .ti. 14 ("'it id .IH H', Mil I? H I I HI", 1(1', iU, il.1, III1, 7-1 !, 11 Vi II ll.'.'t ii.' j in i, it's 11. (is ni 41V, !H' 'ii 44 '4 4-tVj ni'4 IK! 77N II ', t'l it'., IB'-. I'l I'l', llli Ml', ll'j ni HVti IH' 41 (III 4 llt 4 l'i II HK, 7V.4 '111. 711 It '4 111 .in mi 14 if), ll'i, 41 V, 1-"S, 11H 4fl I'. hi", ; .mi, 1 111 1 , 1 4 in ", IH r- "4 Hit, !, HI', 1 I I I.I lll'J i ii i4 III 1 41V. I'l 17 - 1, Hi's, '. II , 7'"4 V4 U'i t- V, 3! iv 111', '4 inij l'4 Mil, S. il', '4 ll.l, !', 4H IIV. 1' ii', '-ll I'l I i I4 V4 .11.' j 1. 17 (. It 1 1.7-s. ", i7'j HI', ', in.- HII', "4 111, IV4 lii ', II'. Va :ih', 1,, 41V, t, 4 IVi 'i'l :mi, 's, llf H4 il', s, HH IV, 7(1 c, 4", 1 1', Tnl nl Mile., l I. II IHHI ii.initirril ullli ,1 3111 (till tt .tenia, t Unit fir till, tteik. $11. HIHIHHll eilllll ptrltlil ln-1 ttltk, fl.lli.lllll. Local Bid and Asked loltt tittirlnj nil ttk ma ink ni.r More, . .'in .11 .' u 11 Ilrll J (! IH 17 li. .ii Hurt a suti u , i ii hi iii i.i .1 . i r. f .is in 4'i in ii its iii . m .".is (.Vi in I'l.t Slor on 4s Iii Ittt, i ii$ (!ki tsthtll . II 1.1 11 11 tin pr. f . . fn .".- So .14 1'iveli.in III . 'iVa 111 iiV. I" il t t . in il to ii l,il,e tun i ,irii 11'. ll'j II". 14 I.. I lull Vnt If-, .! ,,ti, 1-S I iihlsh tulle) r.i'-i MC.j r.l IIS I'eniii . . IsS IIS II It's Phlhi Kl.tltlc VMS .'., 1S "IS Phllu C. .- "s 7 l's .to t. p . if I.I l(l'4 '..iij- 'n I' It r I . - t'7S 27 f7', Iteinlliiir Itl, it', IMS I.'IS Ton II, I I', I ts 3S T..-. Mln 4S IS IH , i. 'niim I n t 4ii, 4ti. HI, in,. I'll I . t.S nl', t,7U l s i- s sir,-i t-s ss iii i, ins Yo-k Itttt . s it , i .lr pref . So t . , i . t ( nihlli f s,,fl, nt 7n i , 7n INAC'TIVK I'HII.A. STOCKS IVilIottltig are iitiot'itlons for Imttlte totlts listed on the Vhll iilelpM.i Stock rtclnnge and In which there wire no transactions tod iy The pi Ice rltcn Is the lit prct! ms t lute S t .1 Tr t f i I", till mi Ins tin il it tv ir Vmtr Mill m si t. t nt tto-et f Hurt sUtM t , cm Tr ii s j l . n Itl ImII (1 n Vsphiiii t f KevHi.n. T-It l. v T.I i- I I 1 t ill Intr l'i, 1 S t il Tr if IS i .it llr ., In till!, -t. Iinll.tl 14 N.irlh C. nt 77 l'i I'll T rn l'ttv Ci tlm . I" 117 'I on llf lrnnnt II) I4S I' S st,. l rr, f net . it i rvli It Iron sr.', US Win I'nmn est, II Vrl: Itv i n t 14 Tobacco 1'rodu l"ti Colon V.iclllc Itl do pnf . ..70 I'n Alloy Steel 304 In flgar Stres ho h3 Cnlted Krult 117V4 1WK C S f Ir 1" fS. !' 14 li do pref . . . 4fl 40 P S Ind Alco . II Hi L" S lluliher . . 34T, do 1st Jiref . (7 L S Sm fS. Itcf II yH Moxi:v-i.nxi)iN(; uati:s M.tt KIIIK- Mmitv nil till nptlifd at 4 tier c.nt. high t !.., 3, list " closed 31-3-j ; ruling ritt. 1'j per (tut Put hinged conditions as to dulhicsj. and rates are riporttd in the mom- mir kft The tone Is fullv as tas.v as at thl-. 14 time In iars before the war is j ltates nn all Industrl ils are ".'..'I'S pep cent for periods up to Ptbru.iry and March of next "car, and good inltnl loans, which lire . veil more In.utlte, an quoted at Ds 'i3j pi r cent. In prime mercantile paper, the 1 ultimo Is sin ill 118 I', ami r.ite aro nominal!) the same as foi in'. 3".. 'collateral loans on industrl ils liitiltilt. s'-.-tn ,1 mnirttl t.liit sll turn 1 1 tit nl it t Hint r ir I hit tn k, H I 411H1 Mime in I l.i-l tttilt. s'H.ill I. ixaciivi: xr.w youk s kicks l'nll.tvlT ire qunt ilcins for iii.n tlve Veu inil. ttockK and In width lluio wcto ni C" iii-mi tlous tndi) Tin price glvfii Is tin list jn tlous file t.lini- Imti" 111 tistieeisi! !f 1 1 T t It in I'tim It 1-'. tti.nt I t.tt r 1 '.' tit 111. Hum If 21' tli.nt l'.n.e nf lm tlux l.ti'l'- ' Morris .tt I.hh .In Vli.lt. nil lie, 4 t tl rrls f I. nr ll'j tin 1 Ii .lm It u'i v.i tun. '-" Am Vie It"' ' "tut Ill-Hit 111 Vni tur 1 It rf I'" Nut Hi. ult if lm! tin 1 " "l N it t llv si 1 f iimi . V.n I ir ' is N.t Cn st f HI m I s., Ill ,1 I III, Vin r M 11 ll'ivn I., tl tin f li'iij fn si It II '"' Suit Sii.IIh sll 1 ..', tin Sin-ir "f t"" SI II II M !' "f in Vm sitmmr.i rf l'i M It II tl 4ltf ""'. tin IM ' '! N V ' St in'. tm r s. r 11 rf t'i"- v i..,K lis tm r. l 1 f i" I' ; s, rf .t s uili 4IS t,n. r tv ...1 11 ll Surf .t tv ! .f 7SS tm li t S I pf 41 North Am rl. in IIS t-. li il If If -4 nhlM 1'u.l 11 ABt.i nil i.l'iitihl.i Huh rtt 1 I til ll .if VV I it i" Mnt'irm sm.r . l'i All lllrm .1 til 11 IS. in Mni ST. tlliin t oittt 1. 'i;, I'm Vm I'l 1 f "! 11,1.1 1 iien prt f HIS I'm tm P 1 rlor llrr. 11 t i. 1 1. 1' '" pr IIiIiiMIs. Ji"i ...' I llrkltn I " t '"' Stock Hading was iinlnti retting on tin Vhll nli lp.il 1 UxriintiRn lntl.it nnd. while prlie ilimgi, were mnstl) to Inuir levi.s, ttllli few i xtcptlntis the liirnovir wiih so Hiiinll tint Utile hr porlaiict vtas attaelnd In Hit nmti metit nf tiihiis Ab.nii t!ie mil) tr m ictl. ns to 11ltr.11 1 atlenllnii In thr financial dls ilit win llitito in l'punsvlvinil 1 It. 1 tl mil ami I'lillnileliilila CltrtiU '111" former, well kiiowii as a f.itorllo In Visliiient slock whli 1 has In 111 rinsing suiprlse for si.nie lime bv IN liulltii tlnti to weiknesH tunic a further dip mill In l.i.lit 'h tt.iilliig ilinpplng 11s low a-- ll',. a iiftt Ion i.inrd Hut a pirt of Ihe In-tH wan l"tovtinl bv mldilat ninl It In lit sliiulv the n inaliidt r of Iln 1l.1t until tu ir the ilns, Vhlladolphli Mi 1 tile, the most aitlve nf (he Immc list Inst a point l.iki Suptrlor foriiorallon i hanged I in in Is tilth a trlllln;- i.-i lm. l.i lilgli Savlgitlim slot k lllllliitlcll In n llvi Inst , bill rallied later while . 1 I-l'IiIm In lb. Hist litefirreil wire nniked up t il'iirlei 'I In re wis a falr-sl7(d turn ovir In Vlilhtklpiili fompinv , uinii! 1 tlve prt fund, without anv . h.umc In It" pi In-, but a ftw shues nf the 1 11m 111,111 was Undid in at 47 mi a point Itipld 'li inslt icitlllt lies did t.rv In. th 'Hi. v vv.n mirknl up u frnillim lit Iv but Inter their quo! it nil vttis .1111-c!m!i-.tit from wtii,lit s 1 Ins, I'liiln 1I1 tplmi Tun linn mid t titnn Trn (Inn wire cmlv ninrihd nn nilcl-lut t1.111-.1c tlous aptl vvithoin Iii-i t , f g.uiis I11 Huh mi in 1- I tilt. ft li.is Impn.vciiinit lUcllnnl i p. lm to (,!,! OATS AT NEW HIGH IN ACTIVE MARKET! iiuttlde of Hie Venn-it lvanl i there wan in v llteje iimiiieiitum In railroad share", and the aniiouiit eim nt of a 25 per cent fielght rati lucre ise fur a few commodi ties foi '''tstf.ni Trunk lino carriers had no apparent effect on prlus, al though some holders of these Issues v ere of tlm opinion that the concession b.v tin Inn rstnte fomnicrce Commission show nl "vvhh.li vi, i) the wind wan blow lut ' le-hlgh Vnlli) on a small trans action, losl a good-sl-cil fruit Inn, Huf fill" (U)il -tiisqueli.uiti.i uhh up a half, el .liisev and St iithoro was un til ingnl and Heading Inst a fraction Steel (iiiniiiiin. the tisu il It.nli r I igged nil ilnv and w is Inuir luting ,V4 to 8S mi heaw m lllnir Just before Ihe close iinlv u smill iimoutit nf trading oc t in ml In l.ll.trtv Hnnds with the m.i Jnillv of sales at icttcidos closing irh es The upon nf c irnhigs of Ihe (ilrarrl 'lltltt Criuipiiiv Inr the present tlsc.it ve.ir. whit h Is to lio put, iped to tho siixkliulil.it nt the nmiii il meeting on MirrnI iv 1 it it nidi r 17. will be the best tint od Institution his evir offered. It I sild tthlle nfililii, ,,f tlf. companv will not make pul.lli the figures tactions lo the nutting II Is tiiiilristm,- that the nl i iriilngs fur Iln tun endnl N'ovcm bfi .'o wile appmtlni.itclv 11 per cent ni Ihe J film mm i ipllnl stock an In n use of about In per nut ovtr those nl ihe in. M. .us M.n p.ir tho car nidid S'litt ml., i ."i ; in, tlm net f.irii li gs wtie 1 .s l,!l or betwten 41 and I. pt r n ni nn tin i ipltul slock COTTON PRICES FALL ON FREE SELLING Strtiiii-tli Din- to Unlit Uo- Unloiulinc- on I.art-or Scale ceipts anil Talk of Good Di'maiul for Export Continued and "Market Suf fers Further Sharp Losses Hlf Mill, Ihi I Aftn si IhiiL, nt mil high iirhes fnr I Ihe s iiKtin toil. iv nn an aetlte and gin- M:V- MiltK, Dec 1 Pnl't nlltig nf tnttnii mi a fit o scale wis enntliiun! Iiul it and the market .ii ut in inn, nut niuinei in niiH saggni tuffind fuillui simp li.s,.H The prcs nn cniislileialil.. prolll-taklng bv lungs. m ,, ,.,,...., ,lftclf lh(. ,,,,, ,,, The strength vv.ih due to cnntlnucd light f t, ,.I,,,tltM 111P lK, ,0 Htten. .eeelpts. a bullish ti.w of the lash situ- t0 r ,hn tMlk. ,,,, att,,,(tc,, to thftl ...I.... ...! ..1I. ..." ... f ,t..u ... 1 .. I ........ it,... ...,.,... u k'u.1 . ic-iii. mi inr ex- portion nf the douunt nt teferrliig to pint as well as strength nt M'limlpig iifferlngt. vvhlih at one tunu wem tir) llsht itttt i In i iimi' freer fin tin r rtgul.itlon of pilcis Advlcts fiinn the Smith Indicated nn I1t.u.-t ll. it .11.., ..... ..I u.1 t... Ttnders fin.n tlm inimtry tem.,1, i ' , .,.. 'V ... ".'".'' "... ' ,."'""": -- '""I" '"" ' " s7ns 'as It, 'imw the Smdhw.mid take "T.mlh!gir., ..,. ,r, was 71,. th. , l", ,.!!:'!' ..'"' '1V?.'..,H buslnesi, IinwtVtl, mi invirlllg Vi, lm provi nient was itpmtiil In Hie mattci nf obtaining mum In wan lm ist t Time was i nimgli natle hutlnc'nml coifihig nn tlif lulilil hn.ik to rally 11' 111 .1(1 Hill. H-i .11' 44 : 111)'. II"1, 70 3fi-)i III7'S .101j '17 ll'l 70 so n i; 8. 4 linvi IVi 14 V4 10 I4 III7S4 l'i -inVj i 17 131, Vi HIT, 3V4 107 li 71', T, 31', !' LOCAL MIXING S10CKS TO.NOI'Vll STOCKS HI.! tHk Jim nutl-r . 71 "7 tiaiNamara In .1 Mlrlnny 7 .11 MUi.,th Hxtenslon 04 in vionUna 17 .11 Northern star 01 .ml Rescue KuU . OS .14 Went Hntl 10 01 ooi.nnKi.n stocks PAILUKHS deckeasi: Atlanta lllut- Hull . . . Itoolh IMamontlll'ltl II II . Ial- . . . Kevvana. Orn Haml'tnrm Kentli.lt Silver 1'iek .nj', .'1 ol 01 ."4 .01 III .01 01 MlhCKI.l.tNUllL'a Arlzoni rnltetl Nevada ttonilff Tecupa Mlnlnit .1 10 (.'Hi in mi 04 OS 24 1 7. .'.ll GOVER.NMEXT IIONDS ;. resl.tere.1 11130 4. roup .n 1l.4i 3. rrKl.tered 1UI8 . 3n roulmn 1U1H . . . ... 4. reni.tereil 1B43 , 4. coupon 1H41 . 3. rtsi'trred 11140 .. coupon 1U40 ... .., . 1'anam -. re.Utererl 1U10 I'anuma . rml.tereit ln.ls. ... Panama 3. reffl.teretl 11)01 .... Panama 3. coupon IP" mis mil P'J ha 101 104 HI HI nil tm R4 HI Paris liourse Steady PARIS. Dec, I. The Hourt.0 wai stead-' today. Last Month's Insolvency Record Proves Underlying- Streiif-th of Business Another month's1 Inxol-ency record em phasizes the underlying strength of busi ness, nnd commercial failures In the Pnlted States for th )ear to d ite ills close a numerical reduction of 19, per cent nnd a contraction of G per cent In amount from tho relatltcly light mor tality of 1916 As reported to It O Dun tS. Co, the 'ni ember defiults, 981. aro the small est In number, excepting the 963 re terses of September, this vear, of any month hick to September 1911, nnd fall below those of Not ember of all )eara since 1609 Comparing with last )ear there np nears a decrease of 27A, or more thnn JO pr cent nnd from the high point for the period, 1815 Insolvencies In No vember, 1914, there Is a similar difference of 834 failures, or fully 4C per cent Moreoter, last month's nihilities of J13.C35.60". while larger than In October, September nnd May and April of this )ear, are less than In any November back to 1910, though the Improvement over the figures of a year aso Is only about $500, 000. Hut when comparison P S Steel . . 9 do pref 1118". 17 S, Pttth Copper . 73', 741, Wabash pf A.. 40'4 3H', Wills Pargn . IV, lit, W Pnlon Tel . 81 7!) '4 West hs0 Mfe S8i, 38 Woolworth Hill', 100 1U0V. W & I, 13.. (I'S (in; OS, it, Wilton Co . 40 ll'i 40 Willi s-Oter li"i lHi'j 18V4 1V4 Mix dltllenil New York Air Prake. B, LMat.art, e.jikiiit.tiuii m. 1 tttsttrn. 3 Infill sties. 3(10. IM! shares, fnniiiired with 3li7.ilHI hlnirrs vrstenliDI thus fur this vteek. 837.7Hi shiire,i mine period lust vtrek, 434, ISX) hlur, s. XEW YORK COFFEE MARKET SM3W YOHIC, Dec 4 The market for coffee futures opened quiet, unchanged to 3 points higher Tho market during tho morning was easier, after ) ester da) 's sharp advance Just before the close, but sentiment was nervous and Vrlrno lnnk acceptances, outside of the descriptions himll'.l by the New- Inik Federal lteserte Hank aro on a light scale nf nctlvlty and rates ate un changed, I'HII, Mil. I.l'lllt fall. f. ptr tent time, 5fit4 per ctnt f ommt rt I il pa per thico to four months ri'.iS'j ptr cent, six months ".'jliS', per edit FOREIGN" EXCHANGE NI3W YullK, Dec I- Ihe ft itun ol the foreign exchange market igain to- 13', ", c'av 'vaK "re r'le Ri'neral market was j,jH a, I di"postil to dullness and a rather niim- jh '"" ion' tiutiness tins tt'rj motieraie t-liUtltllOIIS IllU' Demind sterling I 71' cables 4 70 7-16. sixty - day bills nomlnallt 4 71 i Hj 4 71. nlnet). day bills OD'iiu" 4 C9'j l'r.inc cables ri71'j. iheiks S7's Lire cable 7 92. thecks 7 U3 .Swiss cables 4 47, i hei ks 4 30 Oullder cables 44, checks 44' Ituble tables 13S. thecks 13 Stockholm c.ibhs 37'., thecks SH Chilhtlnnl.i tables SI'., checks 31 Copenhagen cables 34, checks 33 lie. tt ti slin . I P, orlii " Last 1 nit ii I''' 1 ! rf trn tt l ( '14 I'ltl I'.it UlIiU !! ' I"' t t t f so i , i it., i.i pr .'j phi, vv.st pf is', . .lit 1 It I ii ,'-' Vl i still sl l r 11 , ,i i 1 ii I r f lot Puts I sti i ii pf mi cm s Am T ll'.'s Pni, sv. it i, lni i hi . tlton , 11 Otil ktllv.r 'i i l, K Vlinn t( SIS ltt s, sprlm- InS Chi (It V tt . Kin.llm.- I.t II 11 i hi Is i it W tf .40 , mtine ll tif HI t In s tv if 11 i.(i I a. s , f ".IS i nn tl 1' I its if II" sunt, trms in , .mil. I nli . .'-, st I, s r 14S l l .C M ltt if .'''j st l IHI'U .. I 'nl i. so ia P' - Si ilii.nril V I. tt. Con il 1 I IV H'i, st ult V I. .f is'. c.ml Hit ' il M I'1. s, .irs lloeh if l.si font fin ir I ''7 siuiitiuk Vrl Is', !, l.S.,1 11 IB SI StS I It I iiiitlli, ill il Ins ilS ,iiilh lint prt f ".7'4 Cru, M.tl tr f IH'j stunt tlllnns s-,i, i ,il ii tm s,m li" stnni Mlllinu If v1 i il i vm sut if ''il snit Mot r 1' Iinr Co l"' I' : sup st,, 1b nf m.S n ii . 111. Hr I; s p Itl,,, s,U(r , Ii.ii S. llli C, Pt IIS ,xu l rl P'S It (roll 1'illnni 14 i 1.x H P,e 11! Ii I. ' U Pi' 111 ttnl.r till SHI I let Mnr Hit - I .1 i. in Pro I f '.I c,.n. rHl il-'tr , ''!? 1 st l, tv 7'1 ,i,.i (lair If. 'JS r st I, .t. vt tfs sij It. n Motors pf . I 'I st I.e. tv pf 111 il ... Irlth II I pf lm- TruiiBiji Win. 17 ilninl.t Mln ii. Ci.l.rtti.l Itiftui (lulf st S 1st if in. i'n l, rd r i f 11 IS llittmin i orp 14 i pit- & I' ii. tv i.i II, ski II H't .4J I i I mi Pi. pr f 7n Itiwnii lilt' Jul, I nil cm sir pf in.' II iiniBtiVn Mln I'i.'j 1 nit I lira.- i.l lni Veri.il! It In Urn,- Isltf'o lut, r l'i lis ion. . In nre- 4' f 7". lit N'l, k . "f I'll I nit., i ii... Wool Int I'll-r pi si i ''. 1st prtf I low 74 ",t and the clnst 73 ", Hi 73 Si linminittl with 74.i the lln.il quntatlnn if testeid.it Tin lift nn Mat- was 7l"c tins bnttiini 7 '.c and the fin il ' 71 '.'.i 71c, against Tii'.o, jesterd.i) s ll'l prit . I The market fnr mm w is a tame af- I full and It was governed by nits. Aflir It had dlsiilivtil tbtldid stifin-Hi li I " ti!re'.".r?f i- I "'"" i"'1'1 ,,IT "" I'-'ll-Ing 1Mb pi. ml i' linns nn gin.il cash gr.iihs, hntvever keiu slioils in i tuns A 1 it Kt Indiisttt was iiiilllnl with stlllug f ouslili riblc was heard about an imprnvi nient hi tin quilltv nf arrivals buf tin fat t I Pi Ins ti. vhtuillv list nights closing I liguus shoitlt .iftu the mil This , I ulko inn Iniitased (fferlngs, however, 'with the neir months relatltcly easy. The wi.ik snort Inteiist in Dnember and .l.iiiu ir) .ippi.iis to hue securcd tovei on ment iidv.intcH vilnle a sc.it- ,(ii log long int. nst has in Itl on In the , hope nf still fin Hi, r gilns .(pills iif an nni(r snot sltuition I , i Cinlnil , l'i 1 nit. .1 P.p llr.l 11', 1. . . Ci nl If H'I I nil,. I lit lm rtij K.llt-sirlns " i lull llt In. pf 11 Imii i It. 1 1 I f II, I s viio.i. Iif -il K.nk I' M I i 1 ' l.ti r. is I ,. Hub & lire IT, r r Iiiiill. Inn. ll'l 'It Trl- f W pf 41 Is II, ,. Its I if ",n 111! . tl Tub ion 1 vs H! IIS I Lr . M T inf !"1 I I ih s i. n 14 Lone 11 trn Pf I" t a t tr i h m "1 I nrllliiril t -'is t i Ctr t Inn f M'lS tl irlttt i o "1'j tV nl. nth s' tliikm Cn tf 1.1 VV il ish pri f 11 Lii tliiihtttin Hill 1 XV . 11, 1'ursn Tit Minimum 1.1 lrt" Wist tfl .1 i f .n tu ll. Pt sirs 47S tt tt Pn 11 It 17'4 Miiyl'Strif Ml tt In . I . I, I! f ' ij Mix I'ft prtf nn tv iieon Co if nn tthh Cenlril ll'i Wis ifiilrtl 17 Mln A st I nett in tVoolttorlh if lis Mo Kin .' T if 7's tv trth I- H M 41 M St l'"s st, VI s- VV. nli P'M pf 11 51 in, imti in u un-i-11 mis nn in cumiiiatioii are mm bunging Pi llnuiil itio.i t.itiel. at leading pnluis I ,,v,,,i, r- l.itlt.l.t weik technical pc-sl. Ihe m.irktt at I.lterpnol was fhni mi It Ion, with a tonsiquont i eduction in near a scan llv of spot offerings, with tin de. months premlt'ins maud In t xt ess of mrit.ils frop mwsi 'ih.i,. was mink till, irouml the rln fioni Arn'in.tliii w ib b. tlci', showi rs l.ilmut hedgi-sclllng hi the Sotitli lecenN having fall. li tin r with timpei.ituics Iv and It was also s ild th it there had hlghii i bt en nutf 1 In ll e last fi vv d i)s a tlispo Tint high on . I mil ir) was $1 21 S, the , sltlon on the p irt of growers to sell low Jlio'i mid the eli.su $1 lift, ,, pan f the lr conditions niiiip.mil Willi Jl 40"", t, final (iiiotn- A report mi ihe itpliinn, siia th,. Hon nf )eslt rd it '1 he best nn .Vliv was j Ihe Nitlon.il lilnn rs Assi ,tnn made $1 l'i". Hie lottnm $1191, and the the qinntllv of cotton ginned to the end lln.il 1 IS',, agilust $1 1'J, )ci(erd.i)'s of Novimbir .it s.ooi.ooo biles. Ii't priif ! fiittnu receipts at iho ports for the 'tin high .1 December was $12l's da) were istlm.itcd at f.O 000 biles the low $1 4! ami thu eloso $1 ;itj i,( ngilnst 5''.7iO bales a jear ago. coinpiriit wun -i .'3'j, j , stent i) s (lni! quoladon I mllnir futnr. s rinttett oh fnllotts i orn In, tt ililiv, t ) ,m.1ik nun lllali I.mt i'Iobi i u h is. . 1 '.'I 1 il'i 1 '41 '1 .'Hi 1 IMS lm I llli. 1 -IS l.'iiS'l.i'S I . OS Vnt 1 MS 1 I'l . 1 IM, tl is', 1 M huh 1 i 71 71 74S 7 IS 74S tint 71S 71 . 70S 71 S 'To', r ir,l tin 44 41 Ml 2"i 51 "10 '41 H4 41"." "tint 4114 1114 4 1 so .! s7 t.'l 47 Itll.s 1-tii '41.0 '.'", '.'il '41 70 '41 s? ;". II Miiv 41 17 41 17 .1 70 '41 si 1-.-, 14 Jim HI 11 11.70 il 41 4.141 'It. (Ill Hid t tsk. 1 Its .lose lip, n lllsh 1 t I.nnt ll.tenilir -141 li 14 11 is '.s nl "K ns .Iiiihi, rt 4t n7 l's tin .t 04 js in mm "ll Mir.h 4t (1(1 .til js (H 17 01 jsol 'I (t .s 41 .s in .it jo -fc; c,(l 47 01 Tills 4s In .7 st js nil J7 pi J7 41 tpnl ,10 11 1 S3 Gr.11111l.1led SiiRiir Uiicluiiuctl NI3W MlltK Dee 4 lteflned sugars nn tmihangctl tilth the American and National companies quoting s 3"c Tho IN uiislt.inli Pttleral and the Warner mmp mies and Atbtitklo Hrother.s con tlinie withdrawn. Haw sugars unchanged at (. 'me NEW YORK RL'TTER AXI) EGGS N'i:vv loiik in, 4 111 Tri.n-it. cflpls sn,7 tuls Mirktt stc.ilj to firm Quotation until ini-e l.tll. -Itntlils ,1l1laet Norh,ni.iB Have You Heard? Of the greater oil company? RANK CLEARINGS Hank denrlngH todiv rompired with corre. spondln day iHst tvto jears 11117 Mill 1013 Phlla P.7 I.S4 IIS J 17 HU4 1110 814 S14 Ml llnston 10.1141 44S 44IIS7JS-. lll'JOtTll iN York 711 700 s3 S7 sit 712 4011 RIO run talues easily Influenced by orders either H,i,'m,.re s l-l iui f, 144 .14s ".ililoij ChlcakO (nl 127 JS3 (I3.03J 3J7 I17.701.4H4 way Op.-n March . .. . 41 Mn . 7 in Jul . . 7 r,n September. 7 so Ills-h 7 40 7 4S 7 US 7 hi I.mv 7 in 7 4S 7 01 7 sn 1e. Cloto cloite 7 in 7 111 7 4il 7 HI 7 01 7 71 7.70 7 M I. One of Hie !arpet predufilic re finlne traiittHirtlne mid nurkellnj unit, .mens inleisndint oil rtm li.ol-s will result from the propolis! nnri.tr. Just .nooiiDCt'd hettteen trie Oklahoma Producing & Refining Company and the Osage-Hominy Oil Companv C Extra by Hercules Powder Company WILMINGTON. Del, Dec 4 The Hercules Powder Company has declared the regular quarterly dividend of s per rent and an extrn dividend of 8 per cent on the common stock pa) able De crmber 24 to stock of record December 15 Previous extra dividends have been 2 per tent quarterly. Financial Briefs . full details of this Important J The annual meeting of the era of the Olrnrd TruBt Company will be held Monday, December 17, at 12 o'clock, when an election will bo hold for five managers to serto for a term I of four years I T A Alkens has associated himself with the local otllco of the National City Company 1' I lontoll I itlon under the mime of f I I the llklKhom, l'roluclng . Ke 10 I I lining Co Um proisitid adian , I tm.es, and tho rtsourns rro- . , . , , I ,lu tlon "."' I 'l t of tho mw ptockholil-1 I oririiilzailon art, Kiveu In nn . - .... I mm L.llll.li III ....... ......... ..... . DIVIDENDS DECLARED Tobacco Products Corporation rcculir I quarterly of IS per cent on preferred pav aula Januury J to stock of record licit 111 ber 17 ToJd rihlp-ard. Corporation, regular quar terly of II 73 a Bhitre, pa able December 40 , I luilns i. UerllllnK Compan) tu Btis-k of record December 10 ,.. CHICAGO BUTTER AND EGGS CHICAGO Dec 4 KCOS Iterelpt. 0230 co.e. Flr.t. 40047c. ordinary tlr.t.. 44Cr 4.1c, ml.rtllaneoua, cu.ea returned, 41l4ltc, United Dvttvoodii fiimo.ii. recular nunr ml.ceIlaneouB uxi Inrlu led. 4447ri terlv of IS per cent on nreferrid anil US fllnlf. lu3nc: check.. 2ls:i utra filler.. I per cent 1.1 lommon. ITeferretT I. pavuble 83r.!.,!S.l,!n"'..34''. . -- . .. January 2 i .tock of mcord DecemWr 11 IIUTTKU Iterelpt.. (102 000 pound. Kl. Common 1 navahle December 31 to ilork War Stamps for Sale UNITED States Government War Savings and Thrift Cards are ready for delivery. This Company offers for sale and urges the purchase of these Stamps by every man. woman and child. Sav ings, no matter how small, thus in vested, will be absolutely secure and materially assist in bringing the War to an early and victorious end. Commercial Trust Company City Hall Square iiniibti.nl report vvhlih villi bo . 'It ' t!Ut-l Send for Repo t 1C8.T. U. JOKES & BAKER STOCIC IlltOKHUS Widencr Bldg., Philadelphia Ilell Walnut ll.'in 1. Ko.tone, llaca 24flo, New VorU llotlon ( liltat-ti I'llUhiireli IHrcrt Trlinle 11 liCi ft.N L ll.llt:i:, 11 lifciier HWa., '(illarfclpilfi. Va Send me our report un tiklahoma Pru TSjbSt i F V5 J ' , atxiut ssuu.uuu. uui ttnen compirmon Ira. 47c: extra nrst., 411c; nr.t.. autrtnc; of record December 14. Is made with November. 1914. a decline SW!1.. Ms?: "i""', 3i,ivf?.''' P'-'""- Hlnnh.m Jllne. Company, a dividend of . ...i Va I -. 1. -., 87V. 3Hc: packlni .lock. 8230Vc. . I'rcc. 30 cnl. a .hare, payable January 1 to of nearly 80 per cent Is shown. to retailer- Tub.. ilHei prints, 48V. c stock, of recordi iWtober SO, '" . : Yome ,,,,. , Xiltlress iCItu Stale I 111 V WILLIAM'STEELE' fi-SONS'CO ARCHITECTS- ENGINEERS- CONSTRUCTORS PHILADELPHIA and TORONTO IU'Itlnd Steele Sen ice is an Advisory Hoard of specialists: capable of solving all problems of build in"? construction, building equipnicnt and floor space economy. Steele Service is comprehensive and practical. i t-i" t-V r ' :&", s j .?' t,i
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