BSrl0fs'axMK'?r,WTi 1
,1c -.
TERMttMIEt
IAD EQUIPMENTS
ME 1(10 TO iMI
. i
-ROM 8.78 TO .
tJrt
UiLIC UTILITIES
DUE" 118 d. 1(11
H
bMKT FROM 6 TO 7.7S
iW
rtW.TAII.ED OFFERlNQS
iy., ON REQUEST
l
l'.
ILLY, BROCK CO.
LV MHKERS
CHESTNUT STREET
raiLADEU'iiiA
mi'P'P' ' ' ' i i ---- H ii i n i i .. -p. - . ..I., i .1 - -
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRK
STOCKS DROP EARLY IN N. Y.,
BUT RALLIES COME BEFORE NOON
New York Stock Sales New York Bond Sales 1 Sales in Philadelphia
IDecember
Investment
Suggestions
bjOnr current general clrcu
x contains a carefully se-
licted and well diversified
'Vat of high-grade bonds
available at attractive prices.
tt This circular and our com.
jjMmon of January and cur
nt bond prices will be of
Merest to you if you are
laMtemplating an investment.
nA for December circular and
Lt"'Flca Comparison rB.'147
iNationalCitv
Company
11421 Chestnut St., Philadelphia
lew York Chicago -,itt Knncino
U. Boston Tituburc'i
PHENOMENAL
STRIDES-
Ada In l-" than two jfam since or-
uni, nave piacra mo
V.S. STEAMSHIP COMPANY
-the foremost ranks of tli hlmlns
manUs, as well ns one of th Impnr
nt (actors tn the hlpbull-llnc Industry,
Upward Movement
Ah torlee of the stock has etnrtptl
ftTlnv advance! on the New York.t-urb
Kl i lt h nhara In li.a 'iliiiH
weeks, ana Is attractlns wMpread
HIIUU.
itial Dividends
teen paid consistently sine Julv 1
L ana wnen rarnim- nre rui)..sneu
the three lnree hlnbulMInc nlants.
fitly acquired which hac n la rat
i oi oumnr-M mrfnay ikiokpi io
wlth rnrnlnra from tlit frHsht
rlFtf to he lnnuiEurnttMl throush the
jit Canal between NVw York ail lUif.
p. "ft iUL,UIL 1 JIUI4M I111.JI..-..,
CRS.
vriie ror tne iuii ania on inis ihki.
da Investment and speculates Btfcur-
)X & COMPANY
feX. 1 STOCK tinciKKKX
1 ESTATE TRUST BLDC PHILA.
. ifco nronil Street. New York
Bonweatth Hide.. Allrntonn. Pa.
T Vires. Phone. Walnut 2313.
Ef . iTOmpi uenieriea.
rr
inn;
r -
nett Oil & Gas lorn
ncer Refiner Distributor)
flnerr of 2000 hnirels dally ra
ny. jufl tanK curs.
ipe una from wells to rail-
H-trlbutln- -fs-tlnn-
Placed on quarterly tllvMend bnsla,
PayabU Jan. 10 31. and 37- extra.
Paltf 23 dividend last year.
Active dally market at n round tlH
i 1MI HUT CII AttilK nniiiV.U.UK
U IIAHNKTT
:H. CLARKE, Inc.
ffi MORTON B. AI.KXAM1KR
(Resident Tartnerl
Phone 11411 Hnrure
wk Kirhiinao Uldc. Phlln.. I'n.
' ..William at. New York City.
PARTyKltHllirS
Mm! HEREBY G1VK.V THAT T1IK '
hum nave eniereti inio a umiteti
lip under the act of Asuemhly dated ,
K 1917. upon the following tirms; '
name of the Arm under which the
uilp Is to be conducted shall be
To nature of the buslnec a to he
UUa snail oe uenunjr tn stocKs, bonus
vestment securities.
w louowinsr arine names or tne
partners:
f-icK i-eiry. inMowne. iennn.
; RitMh Tetand. U'hltemursh. 1'enna.
Helna. 2513 N 33d t. Phlla.
fpeejai partner ls:
. Lanttstreth. Haverford, Penna.
amount of rnnllHl eontrlhuttil bv
a I partner i as iouowb;
IjO
Demand Increases for Shares Which Have
Become Standards for Investment
and Speculation
t
Ni:V YOllK, Dec. 7.
The stock market In the early trnillni? today wan Inllucnccil liy the
deprrssed mood which was created by the arlous ewnti connected with
the Kuropean nr eateri!oy. The rctliement iif the Urltlah forces, the
Halifax eciloa!on, and Uerman ncthltlca In Italy ntul Hnssla all helped
make war and war events Incentive fcr fvllliiB HtocliH for the Ions; and
ahort HccnmitH at the start of bunlnci, hut, atthotiRh declined were
recorded In many iKsuei, the manner in which the mniket acted was n
subject of Rcneral comment.
Many stocks were pressed for sale for a few minutes without much
reKard to price, but nfter decline. occurred rallies were easily effected
and tho demand Increased all through the forenoon, especially In the
stocks which have been established a standards for Investment and
speculation. United States Steel, which closed yesterday at S7'i. declined
to 86H. but had a iUlck rally to above 87 again,
Utah Copper mocd In the same way, falling 1V4 to 7614, "! then
rnlblng to above 77, and Heading, which ranged from C9',i to G7',i. also
milled more than 1 point before noon,
The buying at the low lcels In most cahes tame from Influential
and Important sources nnd some of tho luijem Insisted th.it the basis
for their accumulation was low prices more than anything cHp.
There weie some especially wetk spots, American Telephone being
under continued pressure and showing a loss of lh, selling down to 102.
This stock Is now going through the trials of rate attacks through public
service boards. Western Union was another weak stock, being Influenced
l to sorno cstcnt by the decline In American Telephone, and dropped 2
( points to 77!i.
..Surprise at Lump i'auincnt by Porphuru Companies
Much Intel es"t nnd urulAe are shown because of the dividend ileclara
tlons by the directors of the various porphyry companies In lumping
t their payments. The general impression among those who have bten
making a study of the various statements of earnings and who appre
ciated tho uncertainties of tho copper-metal situation had been that
reductions would be made.
In the case of Chlnn Copper a reduction wis made Stockholders will
1 receive only $2 a hhare, as ngalnst J2 GO a share three months ago. As
regards Utah, Hay Consolidated and Nevada Consolidated, the dividends
totnl the same as In the previous quirler. It may be mentioned th.it there
had been u good deil of professional selling of Utah, In anticipation of a
reduction, and Insddo accumulation.'
Olllclals refused to give a reason for the new style of declarations,
but In some (piarters the feeling Is that previous dividends had been
, termed "capital distributions" with an idea that Mich payments would not
I 'bo taxable, but now that It Is known that all dividends will be taxed,
. the change was made to a "lump" quarterly rate.
J There Is a feeling, too, that Utah can now be considered to bo on a
, regular $14 per annum basis, Chlno on an fR per annum basis and Ray
Consolidated and Nevada Consolidated on a M per annum basis. These
dividends are being looked upon also as good evidence that the directors
view the outlook with confidence after considering all of the governing
factors relative to their Industry.
Taxation Less Than After Civil War
An analysis made on taxation and war cost by a financial authority
shows that notwithstanding the heavy demands of war upon tho United
States, taxation Is proportionately less now than It was In 1866. One of
the Interesting features Is that during the last year of the Civil War
51, 800,000,000 was rabed without resort to a foreign loan nnd wus rigarded
as an unparalleled triumph of financial strength.
The estimnted financial strength of the United States at that time
was about $25,000,000,000, while now It Is put at $250,000,000,000. The
statistician has multiplied these figures by ten, getting nn nmount com
parable to present conditions. It Is pointed out that on a similar basis the
cost of the present war for u period of six years would be approximately
$40,000,000,000, and taxntlon would amount to about $5, 500,000,000 per
annum. Including loans to the Allies the total Indebtedness of the United
States Is now more than $10,000,000,000.
IHond sales on the New York Stock I'xchange last month fell to
$98,020,000, compared with $118,901,500 In October, but were higher than
the average monthly sales for tho year, which appioxlmuted $83,300,000.
Total sales so far this year have not equaled tlloe for the same period a
year ngo, notwithstanding activity In the two Liberty Loans. The total
to November 30 was $916,520,000, against $1,036,447,000 In 1916. The
Liberty 3Hs showed the largest turnover In November, with the 4s a close
second. It Is Interesting to note that transactions In foreign Government
nnd city bonds, British, French and Canadlana,together with the United
States war Issues, constituted nearly three-fourths of the November total.
To December 1, shipments of Iron ore amounted to 01,585,402 tons,
compared with 63,048,298 tons for the same period In 1916. In December
of last year the Lake ore movement was 1,0S5,900 tons, but It Is expected
to be much Inrgcr this year und may wipe out a large part of the
2,062,896 tons comparative shortage existing as of December 1. The up
lake coal movement to December 1 was 23,855,737 tons, or 1,936,675 tons
greater than for the corresponding 1916 period. Coal movements have
virtually ceased, but It Is expected that the year's total will exceed
26,000,000 tons. This Increased up-Iake movement accounts for the
shortage prevailing In eastern Ohio and western Pennsylvania Industrial
districts for months past.
Get-Rich-Quick Ventures "Not Forgotten"
"What hus happened to ull the 'get-rlch-qulck' promotions that made
their uppearance during the late lamented bull market?" queried a commission-house
client of one of the ofllce staff during the recent dullness.
Ills reply, "Gone, but not forgotten," was brief but to the point. The
obituary of u number of "prospects" widely distributed In their exploita
tion stage Is now being written. It Is rather u coincidence that many of
the mortalities of the last three months hnve been enterprises originating
during the wild speculative days of 1915 and 1916.
Kathodian Bronze stock, whose speculative history Is still fresh, Is
without a market and about two score others can be mentioned that have
fallen Into the mire and cannot be salvaged, despite heroic efforts on the
part of their original promoters. Another chapter In the annals of a
company which placed Its possibilities for success on the tdmllarltles of a
A'isnrefiumclr, ,
I k (loM Mines
.vnvka Juneau, .,
AM'-Ch.iim Mfg. .. .
Am Atrlcul Chom
Am Cn. ,,. .
Am I nnpf
Am Car A frtv
Am Internatlontl...
Am Cotton oil ...
Am Hlilo a Until,
tlnun Illuh lxw
. 10
12 0'
p, tn.
iif -2H a!.' '-"
J'i
I7i
pd't
luji aS"! -'! '-m'
is ... v, ,.V-.i,.
12 01
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,,... , .. . . lllcll l.nw
1 . An,"r Trl ...,., IM Ml,
1 . , ''""t 4lt Sll Ml
-"no Armour i'u 4'ii.,, si M
liinoo Atrhlnon itmi U. sj Sj
imm ivnt l...thor lt hi ir. ii"
V,T.,'.iI,1 ' rf'' 4' ''il "-ii
trni'i',,1 A Mu 44,,.,' 7)i4 T1a
nnon (,n (Ur ill .,, .Iiiii iiMi
..mitt Urlr m U Hir ii, 4VL 4l'l
Ill I'mt !...., .-lii? ssi
4IIIIH Intern It T ref .,,. mi' sn'J
llllh. !.nu'.
so nice Stor 40 4
333 Lk Sup C 11 11M,
Ino'Leh Nnv SOU S0V4
SJlLeh Val. S
SlU'enn H II 4 44
JOIMilla Co. 1 SI
341 documpf so an
04 I'll Kite 31 2A
so I'll True, nsvi V4
mltendliig.. SO fl)Vi
USSToti llel. SVi 3,,
N't
f IlKC
15SM
l'.M.
40
I1V ti
80V4 V4
33 9i
44i)i ..
37
30
33
flfttt ..
0SV4 74
3,', ft
tm i.jiii ', ,wv.
. 1-HKI.IK11K-K J. I-KTIIT.
fW R. H. nUSH TdLANU,
rjA BAMUE1, VVKI8S.
t,Vi HOWARD UlNUSTnimi.
f-fV Special I'arlnrr,
ANNUAL J1KKTINOK
IBD NATIONAL
II INK
Philadelphia. Deptnltrr 7 1R17
Asnual Meeting of Ihr MharehoMira uf
K. cor tne circiion oi uin-ciors and
,r buatnraa aa mar ttrenerly ran
lh mtlnr. will be hlt at tho liank
M,on Turadar. Jnnuarr H. 1SIH. 1cm
tha houra of 12 m. ami " n. m .
flV-'W. CLIKrfUXH WOOD ra.hlrr.
lECTQCY OT ArCOfNTANTS
Oaorc K. Wataon. C. P. A.
noor, neai Kaiai' rui ,,ma.
UTS TA.X. Jlll-UKia
kAlLROAD EARNINGS
0, BOCK ISLAND AND VACIFIC
11117 inrrfape
R.l2..-m l03.-l.Tni
Its' TaJU I lit tlTt
iineom,.. .1.S7.V54II Mj.jat if. and ti. Larninns wont cover Dividends
,-t-,ta II "- fl-'
i.r
- - . . .. :."- -! unii , yis it n m, lin.in vn i"' a w via .... n -
wunwit VW, -'o?i -j;i "' "i,,"S v7w'VVinN'iVl SIC" Vst4 m!' inl'n Trno, 4IV4 4IV4 HV..
AmUrwdpf 71) :.r.u7i!i Wo iL Hli W l'L: mZ r., r.ll mCOI H V, oVfe Vfc
Am Ijorornothe .VJ'5 : ,, '.,. I1""1 N V i' II 414a.. s s.vS .-,, 1301 U S Steel M 38Vj 0V4 IV4
Am smell A Hi-f T"'. 72'i 72 5 i2!S nm X V fNt 1, t,t vji ., si'i
iC " JJ'L,' ,,,7 liiiio IHaillnic rm 4 SS4 KH i IICIMIS 12 ill Net
Amsmiltft Rrrpf 1(11 ..,,, vmiim s a 1.11. Her A nil ,v,i .Ml! Huh. I l'.M. HiKr.
Am Sumatra Toll ...57 '' :'' J"! !'" , ! K-r II .. 71 71 71 1 1. 10 Mb Bonds
Am Mwl HuunJtiei . 5Tl M't. , ,' '.' S """tn l'e cv I. 7;i Til jA 3!4s. . 03.33 Od.JO s.30 .34
Am Tel A. Tel tUM'i H'-l i KM1 i''' m '!" V.J".. i J !2 SI4 mu ,i i... .m n.m m.iii-.III
iiii k. - urn, (Mltn uv .-. in in in
.ri
.jjti
St
r.vt
S.1
05 l'l " V.
,i4 ol ! '"
Wt IS 48 48
55! j
1
74'.'
Vi
IH. lV'-i 112'i 112)
7.1' i
tw'J
72:
US'
:!
1117. I'll!"
02 03
:t7'i
IH
-l'l
is';
lU'i
IW
llllj
41)',
12!,
'26
'.ii',
'ii
)t, 'U'i '4h
Ml',' 3"i :iJ' ."12',' Sports . '
l.tj 15 U'i 14',' i:7a of exp
1S .'.. .
HHII.' IMWli 10'l lJ
J ' ,fc ' .
naatrelh. Fifty thoui-iml dot.
nMik
orlod at wnlcn the nnrtnerahln la . 1.. u.. .1.., 1 i.-ii.. t. I.'..-., mn..nn. .... ...... ...i.,..,-
meiice la November -0, 11117. und the nuillt- 10 mo iie ,nai niy uviaucu mo iwm xu.vui v.uuii'uii , lui wjuuil
i wnicn am parinerenip anau ier. , n receiver has Just been anDOinted.
. ip.-ii . -...'. .
Tne only satisfaction for investors vvno participated 111 these schemes
,vm To He . . nil
Am Woolen 41
Am 7lnp I, A s pf 42
Amrondi Cospjr . . ,1V
AlehTopASK . . S!
AtrhTop ASFpf .. hi
AtlantslllrmJlAt . B'j
AllliUlf AV I .. ,
IlaMnln Ijoo ,.
I'altlmcre & Ohio
Halllmorr ,t O pf
IlatotMlas Mining
hethli-hemMei-i
I'elli S da, II t c
llftliHpfsiibrfp
I HrookljiiHT..
Ilurm Ilmthcn
Hulle , .Surn-rlor 17
(anullil l'.irlfn- . l.'ij 112
-riiir.il Foumlrr :)'i .
tiilral l.rath.-rio . i,2'i b2
CnitnlLiMlliCopt 101' i ...
( ho A Ohio 4S
Cnl(,t We'tpf 'JD'i ...
! hi .Mil A Ml' .I7i -t?1 a
CM .Mil A St I' pf n i OS
CM A .ort!mct l'2'i 'l'i
till It I APtc l'l',' Wi
CItl AIMlprpftr U'I 10.' i
C It I A P 7 p c pf t r. .12
Chile Copper . . 14' i
-UroCopi.r . 42'3 42',' -l-"
ColuniMa (ia A II .'III
ConsoiMitnil Ci i . W' j
ColoruloHo htpf 47',
t ontlneiital C an SI
Corn I'rodiiets It.-f . 2S 2'J'j 2S
Com Prod Iter pf IK)
Cruehl,.stvl . . . .U'i 51'i 3I!i
Crurll.le Steel pf . hS
Cubi Cam-ijir . . .-7 27 27
Cuba fane Sugar pf 7S
l)(cn& Copf .... Il.i
Del A lln Nn .. '11
DomnMliiM . .-. U'i
DNtlllen Securltle
Hrlf
Krie lt pr
I- rle 2(1 Pf
flener.il FW-lrle. .
General Motors .... Nl'i stl'i ;,', s.l'f
(irantij Coii'.ol OS . ..1
tlroat Xorther.i pf . tici'a 1 I
ntNcforoii . . . 2.Vi 21'.' 24',' 21','
fln-ene-Cinaneifop. ,'17 I
flnlf states stivl . . S.1',
Haskell A Ilarki r 28','
Inspiration Copper IJ'i 12 II X 41!ii
Interboro Con . II'
Inter Mer Mir .. 2I' 21,' LM'i 21',
Inter .Mer Mar pf . III!,' 'lit, IKI', 111
Inter Nlikel . . 'M'i 2C'a 20' j 2UU
Kan fill NHlh 17)j
Kanfltj South pf .IS
Kenncrott Copper .. :illi .'11!, HON .')'
I.ickHteel . SO', 7U'j 78', 78!,'
Laclede Ois SO','
I 1.1 Men Valley . . .141,'
M.wkai Cos pf . 00
iMntnttan Kl"i 10 1
Mnell Motors . 27
MaxnrllM'Jdpf . 21'i
Mejlean Petrol .. 75','
Mill 1 ale steel . !-'
Minn A St I, new . O'i
MStl'&SSM 80'i
MoKanATei . 4'' 4J, 4!i 4
Mo Kan A Tex nf . 7
MoParlflrtrrN . 2.T' 23'i 22",' 22S
Mo P.iepf trefs
Montana Poer
, Nat Conduit A V
Nat Knam A S .
N'evCon Cmvr .
N Y Air Ilrale
' .Ve Yor's fnitril
N Y Chi A St I, . .
N Y N II A II
N Y Ont A West
Norfolk A-West . .,
1 Norther 1 Pacific
Ohio t Itles Cas ..
Owens Motile Mach
Paclll: Mall
' I'entisilvaila It II ,
People's Gas Chi
1 rcro Marquette
rero Marquette, pf
rmiadelphla Co ... 27
Pitts Coal . ... 4 1 1.1 411 43
1 Pitts A West Va . 21)i
I Tltts A West Vapf .. Of) 01 CO 60
I Pressed Steel Car . . 515 J
1 Pullman Co 11.1'. 115 114 114
Itar Con Coniwr . . B2K 2.1 W UJW '"'
ncadlng . . O'J OTf 07Vf OS
, rtepubllo Iroi & S .73',' 74W 7.1'J 73' i
1 Hep Iron A S pf . .01' Wi 01' ,
Seaboard Air Unc I)
Seaboard A I, pf 1')
Sears Itooh ic'c A Co 11(1 HI 13J'$ 113!
Shattuck-Arlroin ... IS'S ,
SiOss-SheffSAI . a:f
. Sinclair Oil A lief . :)JJ ISO'
Southern Paelfk- . .
I Southern Rail ay .
j Southere Ry pf
hupi-rlor steel . . .
Studebiker ....
Tenn Co A Chem
1 Texas Co
I Tobacco Products ..
Union Pactrie
Union Pacific pf
United ClgirStorji
United Frull.. . .
UHIndAIciVj . .
US Rubber .
U R Rubber 1 st pf
..nun r s Hie, I t I r... nsi nsii iisn
.-.11110 V k 0111 ne -III 1171? 1)7', 074
iOUU W,al Union .la Oil? Ill 'i Vl'Z
1000 l'.i temp
cfs 4 Vis. 01
300 Heading
gen 4s 33
01
84
01
SI
I
New York Curb
Aetna ttfs
I'heirolet
Luclm A' Co
t'urtli,
IjehlKh lalley Coal Kill's'
Vlaunii (.'opptT
iiuKman iniM'rnmmt "Mia.
,' t'4 lu"lan UuiFrmneiit iii,;
' Ken, pa Copper .
- JJol' "' .J""'' I"'"'' ..... ..
1 SulmiHrlne
I I'nlti.l Vlolnrs
I II Verde Kx
iriKni-vinr(lii
do pr f
Hid
2 s
70
.'
, 41
, 51
t'-j'-t
, 1.1
, 31
. 7
4u
Ark
't
All
H'4
no
7:,
11
4S
.IS
s
111',
I.I
!!
:.o'
INACTIVE PHILA. STOCKS
Tollowlng are quotations for Inactive
stocks llxted on the Philadelphia Stock
nxchange nnd In which thero were no
transactions today. The price given Is
the lust previous close:
Alllnmi lha l'l Key Tel pref . .11
Amer Oaa . P3 l.eh Val Trnna "7M
. Am Ilia ur. H4 l.eli Vnl Tr lf 3"
Amer villi to i.it pros . . -J',
Am Klore 3J l.lttte Sehujlklll 11
Mil Stnrep pf P.' Mlnehlll .. -.
Ilrlll J . ITViM foa of N J. S"V
liu'r f s,1K t c r.11 srth Criit
t'nff & Kuaq pf III pn salt . ., SM
Cam Iron 4J p n T '-"
rani Stee. ,,,lln tt I'o ti' It .. 4H
con Trae N j. nn II t Steel nrer i"'i
TRADING IS MODERATE ON LOCAL
'CHANGE, WITH MOST PRICES LOWER,
Tonopah Belmont Makes Up Bulk of Business in Home
Shares and Is a Trifle OffElectric Storage "'
Battery Gains a Full Point
There wns n uio'lerate ninnunt of trnd
Inc on the Philadelphia Stnek KxchanKe
this forenoon, wjth the Innjorlty nf price
chiuiRcs to. Inner levels followlnc the
course of the New Yfirl market. About
the only exception to the Reneral rule of
wenkness was Klectrle HtornKe Ilattery
which ndvanced 'a full point on a few
trinsactlons. '
Itillrnnd shares, with the exception of
Pennsjlvnnla, were Inclined to weakness.
IlendliiK lost T4 nnd I-ehUh Valley .
while Pennsjlvnnla picked up a fraction.
Steel common wns lower throughout the
first half of the day and declined aa
muCh as 1', points to 8G',l.
I.nke Superior Corporation and I.ehiKh
Coal and NnvlRRtlon stock were not
dealt In extensively, but tho former was
off 11 ipinrter and the latter a half. Phil
ndclphln I'lectrlc was unchanged and
t'nlted (Ins liuprovement lost 11 trifle. .
The larirest turnover In home shares
was recorded by Tonopah Helmont. that
Istock continuing Its activity of the last
several dais, witu its price sagging a
small fraction. Traction Issues were
Millet nnd the quotations of both Union
Traction and Philadelphia Tractlrin were
the same as they wero at esterday's
close. Philadelphia Company e6mmon
nnd cumulative preferred were un
changed. Liberty Honds were lower, the 4s selt
Iue down tn 07.10 nnd the Ji&s to 98,20.
!-tl AkimihII
1 Jt; W .T & Henahore II
iien pnni' m n.--. Weal Coiil
Ina Co of N' A
Keyalone Tele
24 VnrV. Hi- pret.
US
Financial Briefs
KOKKIGN TKADE EXPANDS
WAKlU.VlJTo.V, iue 7 The pre-Ibnln-iry
lluuris nf the total value of
t'nlted States esports and Imports for
October and for ten nioiitln ciimp.iro
with the figures for the previous three
jears us folliiHH (imiu omitted):
I.npoVia. .'..Ji'lVi l?i"n.m ,& I-aureme II. Parkhtirsl. formerly
I'.niKjria . ."iil.'.'Vi 4iu,si:i mn.ivj manager of the bond department of
Itimoi'iiha '' ,:""'h, :"'-1:1-'. isil.lifli, the Old Colony Trust Company, of Hits.
Impoit" J. in I 11 n 2 (ins, MS l,l.ll,2nT '"" ,,nH been elected a vice president
Kximria . ,",,t4'i,() 7 5, 44.12 111 2!Ml"!n'i4 of the Klectrle llond K. Share Company.
I.xuas uf Imp 2., "Ill, (111 5,0 II. Nil 1,411,211"
(i(il.l) KXOU'Hlvi: "C our. s l-'rcderlck Pelrce & Co . are Issuing
i,,;m.'r'!!rr Xi"in "!!"-n V.'.'f'.-o their sou enlr c ilendar ami bond Interest
liiirnrin . , , 1II..IIIS 71, I.I I ,.,.. fr,m tmo n-t.l.. .,. , ..- ...I
l.klKirla n.1.,1 7.11,1 2 111s ,.."'v .", .-o ttun m-n.-t- .,-. i ia
DISTANT POSITIONS
STRONG IN COTTON
October Starts 20 Points
Higher, With Heavy Demand
for May Option
EMBARGO ON GRAIN
SENDS PRICES DOWN
listens of lint,,
til months
Imporla . . .11'.4SJ
Imports .Silo 122
Kxkns of Imp I72.1MI
rlll.Vl'll r.M'I.CSIV
Oi tolier 11117
Importn . .1,n4n
o,ir I
1 ,13.I
Imports . 3s, 001
Kxporta . ll'l.2in
llseeea of exp .11,117
tlixoeas of Imports
mil no.4.1",
4M),3'HI
llll.lHt
.17S.H12
I'. OK OHB.
1IIH1
2. SO I
l.nltl
3.124
211.127
.11.740
27.1112
COTTON I1KI.T HUTlli:n fOMTI(lS
M'.W AOKK. Dee. 1. The follonlnr
lemperotnrf were rerorclfsl III the roltoil
let lids mari'llUt! Naalilllle, all lleni
llila, '!l hilllnnooxn. I.lllle Itnfk unit
Aalirtllle. 2Ki I'orl Minllh. Illrmlnalmm
nnil Anmitni..Ml ,1 lekslitir. MerlUlan.
IMnrnn, Knossllle, Allanln and Itnlrlih. 3l
llkluliomn Cll mill Hllmlnrto". 34j
Shreirilort. llonlaomrrT, Thnninsillle mill
Xnrnnnnli. 30i fharlealon. 3Si lloM e mill
I Jiirkkomllle, 4(11 I'eimiiroln. fjl Alillene.
llel Kin. "sen Orleans nnd Tnmpn. Ill
San Antonio. ,1l llnlrrston, flOi torpus
I fhere 'n .on Ineh of iirrrlnllntlon lit
I Huron. .11 Inrh nt Tnmoii." .14 Ineji nt
Vu-iiMn. .SO Inrlt nt .'nrksomllle nnd .SB
Inrh nt 1'harlfaton nnd Sniiiiinah.
NI'.W YOHK. Dec. 7.
Strength In the distant positions wns
the feature at the opening of tho cotton
market, October starting 20 points
i Me-her. while other montlic were 8'
Food Administration's Ban on
Shipments East Has Bear
ish Effect on Market
ii"73n In-ited by Mr Pelrce In 1008 and proved
so useful to investors that It has. been
irllMS Issued every year since that time.
-""" ... .. ...... ...... "---- .., ,. .,,...
i.eianu i.von, comptroller ot me ii,is oints lower 10 o putiua nisni. ,
Utt-i i-owoer untnpany, nils neett elected Commission nouses, i.nerimui mm
3 2IS secretary treasurer to fill the vacancy one or two southern Interests were the
"'(lis c',u''"1 by death of II. II. Coy Isaac leading sellers, while Wall street, spot
"' I'ogg was elected assistant secretary and houses and room traders purchased
2K.104 assistant treasurer. i There vins an unusually large demand
" "ft7 """ " f- M.,, l. nne. Irnder. lielleved lo he
-TmnoYT !u ,s'ul,,,rea!,l,.r' B'-'Ined n,nK for ,r.uIe account. After the
3.S01.n0(, fromthobanks yesterday re-, C1 ,ho nr n,onths nd,anccd slightly.
?? a' '' ' the tone steady.
I Bu.UUU. i ... i.. u ii.. ti.. i nnn.
l.lll, ll.ll Pllll Call 5 iter rent; " "" cinuuj in ur ..-i ,v, .c...
12.2'JJ
MONEY-LENDING KATES
time. 50 C9, per lent Commercial jiupcr,
three to four months, K'i ii GV& per cent;
six months, 6 "-a 17 B aa per cent.
Reserve Banks' Discount Hates
In h, 1'hrI this mnrtilne.
Cotton Buyers and Sellers itecelpts at the port for tho day are
NIJW YOIlls. Dec. 7. December estimated at 35,000 bales, against 30,030
.Mitchell and llaitcorn bid; Hartcorn bale? a jear ago
and Cnrd'iza offered.
Vesterdnj'a tl 11.30
Innonrv VV'enmon lle.irvl.v Krhlev. . Y'"'1 '.'". " !'. .'.'..".V '
-....., ..... ... ai , .... i. r ,h. . "" .""" .".." lieeeniner - ." ".'i -" r? -"'"
t.ini-in, ,.i.-e . - ,.,-m... .... .... Ilnniitree. r.lltehell nnrl (I. (liintoens Old i Januin
Clfford. Cone, Mcl-'jiany, Allen, W. !ar.rh
twille FfJeral dlntrleta nre ua follows.
I'aja-
iO.'i 00J"' 0UM
20' i 'JVi 20
74' ' 74,' 74 (
43 4J!i 43
Ttnaton
New York . .
I'hllailelphln ..
Cleveland
Illrhmnnd
Atlnntn
chlraan
St I.ouln
Minneapolis ..,
Knnffna Cltx ..
Dallna
Han Francisco
11 or
less
4
.. 3
.. t
.. 4
.. 4
.. 4
.. 4
.. 4
.. 4
.. I
.. 4
.. 4
ler
1.1 up
to Hll
415
1
vi
4S
4
4'-,
4,
4'n
mer iii.i.i i.i ti'miMnn nrrACm
(...-, j 1 lint Him 11 tiuiiuil unci 1. u
til 10
4li!
r
4V4
k
4 'a
. 2 .IS 2S 411 2 4k :'S in 2S 47
2S23 2 IT. 2S.1II 2S OK 'J IT
27 nil 27 27. SI 27 so 27 S'l
. 27 111 27 (11
. 20 11.1
Julv
March llentz, W. Oumocns. Olftord, Bpot
IVHnn. TlrnnUs. Mllrlipll. .Inv nnil'Cnnoi
bid; Mci;nnny. Newman, Downs, W. Dctroit-Edlson Co. to Issue Bonds
Hicks, ltosenbere. Kllnn, (Jeer and NiyvV YOHK, Dec. 7. A chcular has
Vaters offered. heen aent to stockholders of the Detrolt-
Ma W C.umoens. Newman. Hart- Kdlon Company announcing that It has
corn, i.eer. noopcr anil .Mitcneu nui; i,Cen decided to Issue at once 1.1,800,000
.Schlll, Downs, H. Hubbard, Ilosensteln, ( nf the company's ten-ear 7 per cent
Kloruan, .leiuiian, llentz ami l' re r.nan 1 convertible debenture bonds, which will
. 31',' 3'J 3J'j
fll
. 2.1) i
. as
17'i
KB
.. (I1)' J
14'i
. . 2'1
20
. 102
. HVi
.. .11'.'
2.1',
. ii
.IS','
15' j
. IS
17'i
OS'i
28'i
SI
34
24
17!J
"C3Jj
28' 1
84
31
51
Mi 444
LOCAL MINING STOCKS
TONOPAH STOCKS
Hid
Jim Ilutler 1H
xfnAVllnilPfa .......... .IK
3J Midway OS
, . Vltpali Kxtenalon "J
Montana "'
'" 'North Star 01
'. . Ilesetie Kulnla "7
17'4 Vt Knd M
I aOI.DITKI.D STOCKS
OS'i 'Atlanta nJ
iiiuc null "I
llonlli "
Dlamoniineld II II 0.1
Paler "s.
Kewanaa o
Oro nl
Sandstorm Kendall . 01
hllier l'UU 0.1
MIrlCi:i.I.ANKOUS
. .Ivnnn t'nll.rt . ..... .18
44't Ntvada Wonder
, , , Tecopa Mining
k
Ak
72
21
.12
offered.
July Hountree. Hents and Mitchell
bid; Smith, Waters and Hanlett of
fered. October H man and Cardoza bid ;
Newman offered.
bo offered to stockholders for subsc'rlp
tlon at par. Theso bonds w 111 he con-
vertlble between. January 15, 1920, nnd
July 15, 1927, at the option of holders,
In stock of the company of the snme
par value. They will be dated Janu
ary 15, 1918, and mature January 15
CII1CAOO, Dec. 7.
Hood Administrator Hoover's embargo
on shipments of com nnd onts ciift of
Illinois and his order direction Kastern
railroads to send cars Into the Western,
grain belt to move the crops to tho ter
minal, had a bearlsh'effect on the mar
kets for those cereals this morning.
After starting nt Jl.Sl'i to $1.21',,
against $1.21 , nt tao end yesterday,
January corn declined to ;l.20?a May
opened at $l.lfir to $1 10'i, lompared
with $1.19S at the end jesttrday, and
sold down to $1.19. There were rallies
from the bottom
The market nt Liverpool was firmer
on u scarcity of spot and advices from
Argentina that the crop there was de
teriorating inpldly because of lack of
moisture. I'sports from that country
for the week were 301, 000 bushels,
ngalnst 2.411,000 huehels last ear.
The visible supplv there Is 6,000.000
bushels, ngalnst S,993,0(in bushels a enr
ngo The receipts here today were
155 cars
December oats ranged from 73 Uc to
"1',1-c at the outset, ngahi't 75",c at the
elnse jesterday, and May started nt
72 Ue to 71,c. against 72,c at the
end yesterday
The reielpts here today were 131 cars.
The tone ot Liverpool was linn There
were no shipments from Argentina for
the week.
The receipts of wheat at Minneapolis
nnd Diiluth today were 290 cars, against
4C1 last week; at Winnipeg. 499 cars,
ngalnst 1020 cars; at Chicago, twenty
cars ngalnst twenty-one cars.
Imports from Argentina for the week
were 417,000 bushels, against 1,288.000
bushels last .vear. The visible supply
there Is 1,661,000 bushels, against 6,GJI,
onn bushe s last ear.
Private advices from Argentina sa'd
that harvest fires were numerous where
grain Is stacked nnd that much npp e
heiislon Is felt.
nS Xinissinir Mines I'avs f P C Fxlra 1928. and will be In coupon form In de-l
Vl ' '." " ' "" ' "? ' X:,.,,"1 nominations of $100 and $1000. dnd may.
BAR SILVER
Yes-, r- I .its I
visr mntr n t t,. -v-i.,t.,..i iiuiums imi ,.. .., -, ...., Tortaj iiny rri
i" c .."' T.a "J. '. ;.V.'..7 .V.: be reglswrca as to tne payment of v York fits.! v. s-N
principal. i.onaotupencei i.i i.-
28'i
S4
.11
SI
1 .10
.21
Mines Company, Ltd , has declared the
regular quarterly .dividend of 5 per
cent and an evtra dividend of 5 per
J, cent, both payable January 20 to stuck
oi i of record December 31. This will be the
nj second extra disbursement, the same
JJ amount having been declared three
'n- months ago, and makes a total of 30 per
oj cent declared In 1917, The company's
0" statement of financial affairs, as of No
vember 1, shows cash In bank and In,
, Canadian Victory bonds of $1,698,763,
..-, value of bullion and oro In transit $201,-
354, and inluo of oro on hand und In
process, $1,076,021, making total cur
rent assets of $2,975,139. This compares i
1017
lll-r'i i
310
so, lnsij,
4."i .11
Liverpool Cotton
LIVERPOOL. Dec. 7. Spot cotton Wuh tot il similar assets $2,150,655, as of
was dull today with prices easier on December 31( j9i6
the basis or 22 oin lor tniuuuuK "i ,..-
tract, a decllno of C points. The sales
i were 3000 bales The receipts were
neno ,..!.,, nil Amerlrnn. Futures
i were quiet In the early dealings. Spot
prices were: American, miuuuni,
3 31d- good middling. 22.63d; middling.
'" 10d': low middling. 21.58d; good
orfllnary. 20 58d, and ordinary, 20.06d.
MORMON SEmEMENT
IS SOURCE OF WORRY
iim;
S0'
21
30! J
81
21.','
Mi,' h
. 34s4 24'i
. 33i; 'aui 3ijj 'w;
. 42'j 42 4.' 42
. 12H ...- ...
.130' lni't' 131', 134U
4.V, I.V.' 4Vi I5'i
.llUi HI' 110 110
. 71
. S0i ij i 87JS 87J,'
.U2.'s
.108 10S 107)4 10S
. GO'f. 50 50 5J
IIOJ
INACTIVE NEW YORK STOCKS ' Colony of 10.000 Sain.ts at Al
Foiiowing nre quotations for inactive berta, Can., Constitutes
New York stocks and In which there j Purrlinir Prohlpm
L. nn transactions today. The price ' a rilZZling rrODiem
given Is the last previous sale;
.,,,,, UxDresa.ltS Maekey Co ... W
1!1
Advan" 1rt 81H I!nh.tun neh.
1
r.n Max Mir 1st nf Bill
,i.v n,iiih.f .. "n Max Mir 1st ni mi
AAaV. '?'H '- r f?.?Mj
vSUf? To May .W,,:,!
iS mXTuht r.44 M-, Pet rref.. no
JKV-iIe'o" " 'Wn'l '
7 " ll 074 M'n t ' " 1"
ISiI Mo Kan H T
O"" . -.'."-.". .. M HI I'AH HS
Am Mils''." ;, Mint PnwiT of llll
r pf
SM
Am rimelt U
Am suaar
' noLl .Morrla Rssex SO
.',, ,n k ,, ,', Tt
One of the problems facing the mis
sionaries In Alberta Is the Mormon
settlement In the southern part of tho
province, with Its center nt Cardston,
where the first Mormon temple In Can
ada Is being constructed at a cost of
millions. There are between 9000 and
10.000 in the colony, nnd they form 90
per cent of the imputation In their sev
eral communities. Mr. Shearer, super
intendent of the missions In Alberta,
who has made u study of their beliefs
A general investment business transacted
Lists of securities to suit the requirements
of investors submitted on request.
Orders executed on both the New York
and Philadelphia Stock Exchanges.
West & Co.
BANKERS
1417 CHESTNUT STREET
PHILADELPHIA
111 always hate on band Hat of Illicli-iraUe Honds.
Correspondence Invited, '
Is that competent Investment Judge warned asainst their participation.
The case of the Emerson Motors was In Itself a lesson and sufficient
1 warning was also uiven against the dangerf-of speculating; In Federal
1 Dyestuffs, Sequojnh OH, Kevins Klectrle, Kent Motors. American Air-
craft and D. & C. Distributing, most uf which stocks aie virtually unsal
able. If u computation of tl)e money loss suffered by people of small
means was possible the result would be startling.
The fact that the United States lias become a lending rather than a
borrowlnu nation Is supported by tho record of gold Imports nnd exports
for October. The excess of exports In that month was $7,000,000, as
against an excess of Imports In the same month a year no of approxl.
mutely $90, 504), 000, and In 1915 of $76,750,000. In these periods the metal
was being received from Ottawa and Kuropean centers to cover merchan
dise credits .arranged here on account of the war. We are now supplying
more nations with gold than ever before, but the movement Is dwindling
on account of the embargo. During the thirty-four months of the war
tho amount of gold Imported was $1,717,754,214, against $547,308,105
exported. .
Am Huaar ...
U ri Pme.t It & M ... 45 . I4'i 44'i 4t'i i "4".i if iii ' Aem -(! nnd practices, says that In reality tho
USStoul S7 i 87S S3',' 8Vi Am T & T d pf oH J?" i','",1,1 ',n'n Mormons aro. Christians In name only.
USMeclpf HIS lU7Jf 107 107 Am T t CaMe. .11 .; ! ',, ' , They nre a hiurd peol)le to corncrti allQ
Vtah Copper 771 i 77!,' 70 7Hf Am Toll v I new wi , n 8p pf , )(j fca(, u () unfoPtunale tnat they wero
Hah Securities. .12 iS Writ rnn nt !l . "j"1 ;;, 4J ever allowed to gain a foothold In
Va Iron Coal A Cole. 50 Am Zlne I.. 1J' n'SMIa'flll "H Canada.
u-aSIhSfii Vnf ?". iii. 1', v V nark ... tl', Smith, from Salt Lake, a couple of years
Ln'ro. Man land " VU- 14.' 'ii.' 'uf A S Tw "of no.' NO Tex J. Mex 10 ,, Mr. Knearer Bays the nead 0'f t)le
w";iL;n.oaa?er1..: 7i"i 70 8 ,' w" ' fi ."JVf.lM ' ? L .S.S Mormon Church, who was then eighty
uwin.hr.nc v. x i nn .'itiI .'i7u 17U "'.. V. e ,. . nn .5r'h.Am1;an il" years old. was accompanied by ono of
. nio ruei ..... s
i Wonliiorth K W Co .KKlii 107
I Whee Inc A I, E 10 10
White Motors .'16',
Villljs Overland .. 18',' 18",' IS!
107
10
107
10
18'i
llatonllas Mln,
llrKlin ' n
Prown Shoo
liainmiss ..... - ,,hlo (Ins rtl... 61
lirklvn J'n Oaa in nntnrlo' iUlier.' 44
his five wives, the youngest, aged
twenty-two. The fact, as exposed In
the time, created
Kx dividend I'heaapeake Ohio. 2; Na.
tlonal t-end. 1; (Jeneral I. lee trie. 2 and '.'
In atork; llaldwln IxK-omotlvo preferred. 34,
i HrooktMi tlapld Transit. 14; Mnrkny Co.
14: Markuy Co. prtferrtu, li Morris &
lissex h
DIVIDENDS DECLARED
liyi.
14.H-'n 7 s.diiikii:
Income.. l3.il.ia.H3T .',lUi,4aT
K. JBW HAVEN A.NIJ 1IAHT-
.V runu
eosa .,..,;. 17.701. (ins
,4.i.. l,ntf,IM
xroaa.. 71,0l.i.ss
.....l. I... l.li".-".'4
KB MAIIQDKTTIC
.,..-.. .117(110
ittu xruaa 14.274.474
o.iai.dss
1M.4.I1
4.H44.7SI i
J.tir.i.'i7
130.278
2SI.SS0 '
S77.7.1B
133,842
:iUflitng BvslReis Grows
i nflnbHr Company has an 4
W-aeaiiionai tanners vvitn
1 ftsrWiWorks of Ban Francisco.
From railway operations alone the Delaware and Hudson figures for
ten months Bhow that earnings will fall 2 per cent short of covering the
9 per cent dividend. The "tip" Is being circulated, however, Ly persons
intimately acquainted with tho company's affairs that revenues trom the
coal company will more than make up the deficit.
' In fact the estimate Is freely made that the anthracite earnings will
approximate 8 or 10 per cent on the railroad stock. This alone gives
assurance for the maintenance of the full rate. .
Statistics now available covering Hock Island finances for the ten
months ending October 31 partly explain why directors failed to net
upon the preferred, stock dividends.
The matter will be reconsidered at another meeting of the board In
January. The net loss thus far In 1917 exceeds $2,200,000.
Cluett, l'eabody & Co., ri-milar quarterly
I of SI. 7.1 on preferred, pitiable January 1 to
atork of rreord Ileei inuer 21.
1 lluffalo General Kleetrlc Company, regular
quarterly of 1 Per cent on eomtnon, pay
able Pet-ember 31 to Block of record lle
I remlier 20.
IVIllia-Oierland rompuny. rrcrular nuar
terl of 11.73 on preferred, payable Janu
ary I to alocK or record December .11.
V.Me-ie- " m". p"-? A',' nw the newspapers at the time, crei
cal Packing .. 344 "pnf";m nrlfr CR ( something of a sensation In Albert
r.t rvtrol nref in i,,""' ," "' sot? 'Missionary work In western Canada
f-oi fo 1st pf a" iirr,.rrow pf 02 Is full of Interest. Mr. Shearer told of
rerro daVnsro Sn4 ,!" ,'', K 'experiences with cowboys nnd other
rent s Am T, 1114 K,r8Vn cSrp?.tao dwellers In the more unsettled parts and
ft,H"Y..?n Quicksilver ... ; of the Improvement earnest and practical
"hM '""' "' -vi neadlSS 'd'or'' is workers had effected In quite lively set
' '"hl i G'wJ'ii? Uy mi Sorlnx.: 4V tlements. When first he went West he
W.HP'My liflin L,"' nu,rh Ii traveled about on his duties In a sec
rl?"r.t?r.;.$Kll&'?::',S ,ond-hand outfit, the old vehicle being
rnl Kuel & tr. 3,i2 st 1, ii H K pf. 2.1 hauled by a cayuae. On one occasion
r"i Ts'iff .'? geivfteSh1"' pY'i'o 'be drove many miles up north In Al
Pol Po 2d p'-.'j'' stand Mlillnx.'. si'i berta to a lonely homestead, from which
ron 01: I. r,,u. risnd Miillnn pf nothing was to be seen In any direction
Vont can rr'f:. !T. SiViiVA T. iif BO'i but the bald prairie, with here and there
Continental in. "t- H p Itr Buxar,143 a .few cattle Krazlng. The homestead-
ruhn Am fux.-ljo
Texas i
tn4
l)nlon Passenscr nallway Company, rex- . f'nba Am Htor pt tin Tidewater Oil.. 201
...... .ln.,l .1 tl V! na.ahla t.mi.TU I rter, A niO dr. n AK.nn U,.rf nt 111
1 aa registered Peiember 15. Hooka do not , nn """ "',iiH T St I. A VV... 7 i
close. ' rc'J-oll 'llaoi,.l, T St I. VV efa K'i
, i-i i, i, '
D I. vr
West Philadelphia raasenxer Railway
l ompany. regular seniinnnuai m ,, ptaiin i neneritl
January 1 aa ri-glatrrrd December 13. Hooka ri'n ri
.1o
ck '-'.. r Nf i. m vv in. an
CompanyrVgu.a.r .emlannualof II. pajabli I ri;n,rat" Clgse'.'. Mjl ,?.." ',;
;rr pf.. na'i i.n,iwood Tina llll
er's srlfe wept when greeted by the
missionary, for she had not seen a
clergyman for fifteen years. The near
est neighbors, mile away, were Mormons
Before he left, the welcome visitor held
n service and then baptized the five chll
r r ot approximately 7J45 NEW, YOBK COFFEE MARKET
end wltbur etlur. build. NEW yonKi Pea 7Th9 mket tor
. .jusuii ina me recently coffee futures opened easy, at a decline
nkwa 1 ordered
aanir
1 f orud ell year at' Auiuat
x) u I f f GA
oil -m etmate tf'K?.br !"!" T.'47'80 I'Ssgl'S?,
U lAUintlc fcembr .......... 7,00,T.o
thtA raiwrt. IU.ia?uei;..t..........l. '.
r,,aw, i..rt..- -.-x
.tiir ''it -
V' V"T4.' V
Local Banks Get More State Cash
IIAItmsnrnn. Dec. 7. The state
do not clce. den Motors nref 74 ,.Sa!-.a r Vr'llivi dren. ti the happiness of the Isolated
Yale t Towne Manufarlurlng Company, nnmlrlrh II V ,. 04 l-n-nss & 1 pew ell household. Much tasks as this, and
1 - ' imnrn viii(i- nil iji . ... Bein miriAiu as
Jnnuitrr 2 to lrk of ruiorU Ioi'.mbr IT. Ornnhv Minim . 3 iTniriir Mtr of.lna noiuintc Bc.ctui wi.twrs m ..-, mTt,.
HIT
tea. Inc., rfffulur quarterly of 7 A lents.
payati jnnuirr iue oi recora u
cembvr 13. K
yhic owne .-vianuiurturinz i,ompnny, ciotxinrn r . "'fl rnn i nw n
r-vuliir iiur(rly of HM ptr cent, payable Onm1-lrh n P nf.ion iTnttfft Alloy Btl W
Jniiuary 2 tu (rk of ruiorU Drsi'amb'r 17. Ornnhv Mlnlnv .' (Tnlt Mtf Htr pf.l-
UlrAmlitrif t a rt.nruf fir Cnmiiliiiu nt A n,.. 1 n.ilf St H lt nr.IOl l.l.jt r.,,s Hi
."'"."""-." t. 'r..-i.v,; x.v "'"ii" ' :;rj..iri .i.v-i; -ail :.""U" 'jrrii a ( -.- .:--' :;- - r'. " .
Rs;r-rB.rar a.bk; savs ":" ?"""r '" L?
Austria Originated Postcards'
New Councilmen Given Dinner
William V'. Fowler. Jr.. one of tha
m.nt of the TreasurvnenaVtrnentnfVh.. newly elected member, of Common Coun- fc V.v.?,1 S' Vin H sa He!'' .' 15 Postcard, were first used In Austria.
.0M.UI.k.a'total,o( of 7 to 1. points J olferin free, amount of general funds of the Common-I CU from the Thlrtylghth Ward, was ("?;. vt...W y Hj.lt, l. Jjj Ta1Je:caem!npa,,,,6,:r l,T cosT I.hV xZn
Hutunn .Kl.attnt v'nltns Oy Wood
H.0,2rBt.kt 5,ln' ! .1pl -.' v.'i ?! Gazette.
ill .niiiai i nura inv ' 1,J
unitea ny nv..
n rated communities, perhaps all on one
lonary
i work In tho new country. Montreal
Int Airr.rUl Drtf HI
In A art. (Ml. . . IS ITnlt Ilv InV Tit 14
Int conn t-TP pi nv ii H Alrorioi pr, in
f Will YOU Play Santa Claus ?
Not by dressing up in white whiskers and
a snow-spangled robe
Not by putting on a false face and reach- .
ing for presents from a Christmas tree
Not by inconveniencing yourself in the
least
But merely by sending your own kiddies'
discarded toys or out-grown clothing to the
SANTA CLAUS STOREHOUSE
608 Chestnut Street
It's very easy to play Santa Claus this way
and the resultant satisfaction is out of all pro
portion to the trouble.
But. if you want to do even more with
less effort, write out a check to the order of
the "PUBLIC LEDGER Santa Claus Club."
The money sevcry penny of it will be spent
for candy and toys and other "trifles" which
mean so much to the children whom Saint
Nick would forget.
i
Whichever way you choose don't put it
VSMila
i inn iuna. to ne .v,o?euu, ua asainat , runeiy. r., svr,uuni.ii viuu vm ,,unu An rity gA
1.1SSZ'! t "i"0'" v"" V,.uB . . !ie"'..T I Twenty-second street. last eenln-. A QHS'P'A i, 4a v,li j ?i.k ii aii? i.een
I'S: Ii ' M.."W. ril.adVphuTn.UUT0n. 'W. number of the Indent... pol.tl- Vfi,!-" $&', - to
1.4nBlT.ll 1 . , ., ........Kf ' , . ..aa ... 1 -,..... nfl Id. wseil wsrs nwiunt. snil. . , ,,'ri. A Is .r .1 u'i.,r..i,, ." T, .ardi
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lre4Lfrpm..lhese -n """"" " "J&Z? ""l LV: ,' ,U2 V-ZK T,t ii.T M -" ot honr at a smoker andXtestl- at v.j. vyt ;.ti S4 ii h b V'b p,: 44H ,-; a Vent to Vend and the' first was
l.,kandUrr .bout 2515; . y"aRS?" ? hand .J.1". J. exelu.i e clubhouse of th. 2S ftllV,r'-f"ttH Wit f&Flt 8& limited to tenty-flve word.. It was
fi''"v'.j"Lr"ritii"..r "" '.": i..r . :: . .... ,..o . .u Unii n, :.::: : 4 w.ii.. '.:: 7 nun un bv Emiand i year later. The
II .! i10- t? J' r"., ni nlrtnr. noatrard Is said to have '
sent to England In 1191. Borne
or three years later the first view
a made their, iinnearanee. Postcards.
uaive'lnto um In tho.Uiilteai StUcs In',
off!
SSSi'fisil !
i ;.
R
.j-i-xC
Do it today!
NOW1
t