r ' V - , vr BU .-. Mi J .! ' ' V.- " 'v 'w" ' ' it nil .. . .... a .. .. J.. . . ..- . t. i1 ' i i ' ii i ' i - 1. 1-.- . y . l ., : . . . --- REILLY, BROCK. CO. lMMtntts INVESTMENT SECURITIES GOVERNMENT MUNICIPAL RAILROAD AND PUBLIC SERVICE CORPORATION BONOS 306 CHESTNUT STREET rnii.Ain.i.riii.v NEWS OF THE FINANCIAL WORLD-NEW YORK AND PffiLADlLPffiS rrw ,1 ; 1 lAtft N. Y. STOCK TRADING SMALL, . .DUE TO VARIOUS INFLUENCES New York Stock Sales ., Illnh Low "MUs-Chnl f4n. iMi mi; Am Cnn pref.. oa- on it Fluctuations in Values of Several Leaders Are :)S ,M ?.!' SIX - r 1 . -r-. . .-... - i 1 "n '-msecd vonnnea to fractional limits important SI 74 Charles J. Bender & Co. INVESTMENT BONDS Mmbr Philadelphia Htw k Kxchntiire NORTH AMERICAN BUILDING oKAl.F.n morns..!., wi.t, nr. rb. tdtH unlit IS o'rlork noon fcattirdav, Tiefember S, 1017 st the office of The Pravl rint Life anil Trust Company of Philadel phia, No 400 Chestnut el., Philadelphia, Trustee, for the biiI to them of nil or sn pany an tho affm or tini.ssi to, applicable panr a the sum nf tll,Kl 1(1. applicable to the Hlnklna Fund, is III pay for. liOwest hMi it n prlic pot exceeding pur and accrued Interest will ho considered, end If accepted, tha parties orforlnic them Mill be advised at once and painent will b made , on surrender and transfer of tho bond on ' llefember 10, 11)17. Interest on tho bonds ao accepted will rear on December 10. 1017. Tha truateo reserves tho rlaht to reject any or all bid not manufactory to (-aid trustee Tho offers of bidders unknown to tho trustee mUit bo accompanied by tallsfactory refer ences. Rhoutd two or mor bidders bid tho nam lowest price, tho number of bond taken from each will bo aa nearly as pMitlcablo pro Troroaala ahould ho lndored "Propo-als for tha aala or bonds of IVetshdch Com pany." and addressed to AS.V S IV'INrt, President. Ihe rravldrnl l.lfo and Trust lompnny ol I'hlladrlnhln. ... . fH Cheslnnt at.. Philadelphia. r. T.KOA1. Al1 KRTIXF.MKNTS KSr" T.STATK OF I'ATHKRINK ROOLKV. --Ef Daoeaaed. t.tlera testamentary on tha aboe estato halna been urantort to the underslaned. till persona Indebted to the anlrt estate are reoueeted to make payment, and thoao balns claims present tho sain", with, out delay, to . .tons' KKNNKtir. l:5d Nv. Varnock at . ThlladelphU. Of to Ms attorney. CLINTON A. hflWRKM. (in Stephen Olrardllldi.. rhlladelphla, ' KSTATK Ol KOHBRT I'ATTISON. ' niMMifcl Letters tefftamelitarv on tho aboin estate halna been Kranted to the underelaned, all persons Indebted to the aald wtata are requested to make pajment. ord thosa hallnff rlalma to present lh same, without delay, to ' C1tATtLi:i K trui T, .11st and t'hestnut ats Plilla. Or to his attorney, . toehkihcic f Ni:wnoono ,ir . niH Real Kstate Trust ltldg. rS&" TO THK NTOrklMldfKRH or TIIK H COMVONHK.I.TII nsl'.l,T1 CO. Notice Is hereby Blen that the annuat meetlnit of the Morkhnldcrs of tho Common wealth Casualty Company will ho held at the offteea of the eomoiny in the Presel nnlld Inr. city of rhlladelphla. on Tiirda'. Jao. liarr it, 1918. at in o'clock a in., ror the purpose of etectlon Director nnd the trans, notion of alt other business that atisll prop eny come liefore the meeting. Notice Is also hereh-.Kl.en that by ilrtue nf H Resolution adopted by tho tlonrd of Directors of Com ' monweallh Casualty Cornonny at a recular tt.VJ'15. 'h''flf, hehl on .N'niemher ;, a. P JP17, that tha notion at n ene,'lnl slockhold. IS" a!!,.".,n,t. h'J'.' i'l. '.he twenty.nlnth d.iv of Auauat. A T. 1017. In and about the reduction of the nuthorlred canital of Com. ntoo';?ln,ri"Vn,iv '"Ptnj' from j'j.-.onnn n 20(i.nno shall be submitted to the tock U'dr." at aald nnnunl meeting for tho ral. fV.C.i-. .?.i."J".'".?,'kh',M'" n'' far such . Developments in Some Specialties Ni:V roltIC, Dec. s. The extent of llio calamity In Ilallfnx, tho veil of tinccrtultity cover Ins developments on tho Imttlcfronts In Hurope, nnd ndmlnlstrntlon inethotlt In Washington conttnucil to exert u rcstlxe Inlluonce on t-ecur-Ity ilcallns. tnaUInt; the oltime of btiilncsi on the New rorls Stock 1'xchanRe In tho half day unustinlly small, with price niocmpiits In the standard lisuei, conalitlnc chiefly of fractional decline!. United Stntcn Htcel common ranceil Trom ST'.a to 8C". Fluctuations In oilier stocUi llko Ueadlnj;, Union raclflc and Marino preferred ncre also confined within fractional limit!, and tho chniiRea In the standard Issues Benerally were without special Importance, except ns Indicating a deslro on the part of Important Interests to wait whether Impatiently or nlt for a rent In clouds. Tliero wcro some specialties In which Important movements oc curred. Among these was tho declines of 2'.i points In Itrooklyn llnpltl Transit to 39"i. tho lowest price at which that stock sold stiicn It hat been on a 6 per cent dlxldcnd basis. Tho course of this stock has been puzzling to tho Street, but Is generally taken to Indlc-itc liquidation by the Ilrady Interests. MldMilo Steel, on tho other hand, showed an exceptionally firm tone, ii sequence of the transfer of some Important holdings within tho last few days to new Interests whose ussoclatlon wit lithe company I", ex pected to have good results. I'cnnsjhanl.i made a little rally from tho low level established yesteiday, being traded In today at 4t'l t" 1". and Cuba Cane Sugar, In which Ihero has been at Units evidence of new pool activity, mntlo a gain ot more than 1 point, to nbovp 20. liberty Loan S'.Js sold at 09.SO and the 1s were Irudcd In at 07.2S to 07.S2. ' Scqrcily of Offerings Impresses Traders Stock Kxchanse members who confine tholr iitthltlcs to the floor are Impressed with one thing, viz., the fccarelty of offering-. One of the most lmpressle features ot all recent declines has been the fact that while prices It.-ne gono down, they Ii.jao dono so on comparatively mod erate offerings. This, of course, applies In general, as there li.ivn been numerous Isolated It-sues In which pressure has been lather (evere. What Is keeping the market narrow Is tho virtual absence of outside bujliig. Supporting oiders are moderate, H Is felt, though, that If tho news should suddenly turn for tho better the short Interest might find Itself In a cry difficult position. finally the mystery of the weakness ot Uetlilehem Steel has been soiled. The company has a ery legitimate excuse In going to the (lO'.ernmeiit for money with which to conduct business. It Is estimated to hae on Its books buslnejs of nn aggregate valuu of $f 00,000,000, .1 large percentage of which Is In the form of war orders. "To borrow new money for working capital purposes would be an Impossibility under present conditions, considering the cost of the new S per cent Issue and the icccptlon the stock subsequently had when listed. The (Jovcrnment no doubt will recognize the needs of Itethlehem, ns to force tho company Into the open market at present prohibitive rates would mean that tho position of other companies In need of money would be very severely damaged. An Interest In the Street whose Judgment on railroad affairs Is always the soundest feels that nothing but good can como from the recommen dations of the Interstato Commerce Commission. He sajs that the "adoption of the' ideas advanced as necessary for the nationalization of the railroad system during the war, particularly the extension of credit, should settle for all time doubts which havo arisen as to railroad finance." and that after the war the new opeiallng policies will be adopted as per manencies. Liquidation of Telephone Slock Net Clone. Chi. , n,4 1V4 H S4T 4A V Sill '.' 7I4 - '.' nsvi ; r,-.. .,.. -IT Sales in Phlladelnhla 1 TRANSIT CERTIFICATES ATTRACT liYcu; i prK tsona oaies i Z-Z - TUr.C!m TXTrrmnnrsm axt t rn a t wi atltJ -VOi XVi X JUJXEjO 1 KJVi XjKJKjAU jnix There has been persistent liquidation for several weeks of American Telephono and Telegraph stock, which Is now at the lowest level t-lnco 190S. Somo of this Isald to have been coming from foreign sources and repre senting the sale of collateral beneath foreign loans. There has?been also bj mpatlietlc weakness In Western Union stock, now at the lowest since the dividend was raited to 6 per cent, Both stocks are selling to jleld approximately 7.8 per cent, I'ittsburgh and West Virginia Is a tpe ot preferred stock that ap peals to the Investor who Is patient and willing to wait until a competent and honest management has developed the potentialities ot a property that had been grossly mismanaged. The statement for October covering railway operations Is good, but it is understood that In addition the earn ings from the coal property are now at the rate of $1,000,000 per annum. In view of the announcement that railroads in this country have curtailed passenger service by more than 10,000,000 ttalns per annum, tile Canadian Hallway Association asserts roads in Canada can point to a reduction of more than 10,000,000 passenger miles per annum, which, In view of the total mileage, Ih a greater pro rata reduction. It is stated also that Canada Is getting today cheaper railway service in splto of car shortage, higher labor charges, etc. The car shortage is being re duced day by day and the percentage of freight cars out of service for repalrs'ln Canada Is lower than the pcrcentaso in the United Slates. The car situation Is the principal lnflu- ,, ,. . . ..... . ence which determines the -.olume of Gasoline Prices If lit Little Changed general business at the piesent time. further a, tlon "a, thVv" mvoc nt to ink? In and about tho readjustment of fir her re. ?-"'. ,:!,.. 0,f. h'l""-" of Common"ca"h ny order of the PoaM nf fiirPr,nr, j ' S. COOIC. Secretary. niHKCTOnV OF ACCOUNTANTS ts.S0"" U- )v"on, C. P. A. ...J!?.1!?- .neal EaUte Trust nidi. AUDITS TAX iu:roBT.i WESTERN BUSINESS AT MERCY OF RAILS Car Situation Principal Influ ence on Volume Slight Improvement Noted . CHICAGO, Dec. s. With coin weather spread over the greater part or the country this situation , becomes more and more acute. The rail roads of tho AVeit report loadings for the Ust week as from )(Tper cent under to even with the ame period a year' airo, Jforn and more Is tlm war being felt. The scarcity of labor, the lack of materials and the Khortage of ship, ping facilities are brought homo to trade Interest with greater Intensity as earh d.ij' presents Itself, The continued warning to' conserve Is h'uvlng Its effect In many localities, and this Is being felt In Ihe leading mer cantile lines. People are beginning to confine themselves to nccevdtles, rather than luxuries. At tho same fjine, the requirements of the people are large, so that it may be t.ald that business In re'all' good In view of what It Is obliged to contend with. Nevertheless, tho spirit of and the determination to win the war, whatever the cost. Is cteadlly gaining. Sacrifices are being made In every di rection, for It Is generally believed that the end of Ihe great struggle, Is far off. There Is the Mern realization that the full powers of the country cannot be brought Into full play at once, but It Is being demonstrated dally that the popu lation Is learning the part the Individual Is to play, In other words, each Indl ldnal Is steadily being taught his war task. Some banking authqiitles, possessing splendid facilities for Judging conditions, report the volume of merchandise busl. ( ness aslarger than a ear ago, and that trade Is still active, but, at the same time. It Ii probably true that If It were not for the fact that this country Is at war. the vol urns of general merchandise trade would not only exceed but would be greatly larger than a year ago. Therefore, except for an extraordinary business in war materjal, tbs fact that trade Is no largor than a year ago Indi cates the steady adjustment to the war program. While of late the great decline In se curity values has excited a great deal of attention In some quarters. It cannot be said, to have had any far-reaching! effect on business condition. , Decrease in Year's Ginned Cotton I WASHINGTON', Dec. 8. The Census Bureau- In i report Issued todav placed te amount of cotton ginned from the growth of the crop of 1917 prior, to De- ' cember 1 at 9,704,617 bales, counting round as half bales compared with To . SSI.Otit bales in 1916 and 9,79.1.61; bale's , In 1915. The number of round bales In cluded this year Is 173.3.19, ccntrasted with 177.662 bnles In 1916 and n.i set biles In 191B, The number of Sea Island are quoted on a S',i per cent Income basis. Kblaa Ino'llded Is 77.628 mnin-..j i.- Tile 10:.s96 bales In J91'and 77I65 bales ofTered on a flat 7 per cent basis to shareholders, or the same an was In 1915. The distribution 6f Sea Island ' recently obtainable on the company's stock. The first-mortgage bonds cotton for 1917 by States 1st Florida. I . ..rl nn h. 5U rjer cent Income basis. X3,57r bales: ueorgia, 39,813; .South arr-, in". Jim vurrcciea statistics of the quantity of cotton ginned this season .prtor to November li are 8574. ;V 1V, . . ' 5.HV --,, J?,TvV'rY- "v .'".-"J OTHER FINANCIAL NEWS ON OPPOSITE PAffE t a. - -. . . . . t - -v -"ii Mineitlng., : -jta; Am Steel Kilv . aiiz. . , Am Tel & Tel. .in.iii inai lo'K, 'Am Tobu-co. .miji mi HI 14 i ' .-iiirr 001 ... I -14 I Anaconda . , sjij .-.ll'MIMOU ,. ,, gJIJ At llulf w 1 otit do pref .... An Ilaldwln l.tn-o . ,1.1a; nam ec Ohio .. IK ttnnnn. ... .. lllah 1,o-y innl An'0'l rrnrh .Is... tm'. 2 -Jnwr .Tel r, t.,1; pj'1 1! n A,r.ilen en 4s., , si! SJ YJE! V.2l"'. ?- SOU Ml 4J4 ll'.i S3 l)a An -13H tt'.i itt S3 ot'i .. 60 .13 1. is !4 tniui ""---UI Its ,,,,. a-- !, 'J'jni .is iai iuS r.'.'.'". tent i.ealh lat ns. nn 1 ; Cr1 i'i "" "' I-. J.-V. t West ,, T.S'i u?m '.l"." ,CM 8--... Dill, 4no.in'l"iki. .h 2'".,' '-,N "- aiin.m '"'."y.-land 34a 0S.S(? 'JoIm i?nJ,',.Bi i'.'. . inon ..; ,- .' ".'.,; 01 i.-.min ;:j. ' ' "- :;', HI 75'4 f.SV, no',, all 0.1 nm, SI)', HI'. n.: Cloaa sn . 113'i' iv 7nl vats so Hii-i ti 7ft4 r.s; so ns ni ni S4U tia.ao i.;s 95.30 si a.i iw. Itlth "Am Oas, s t Cam Iron 4 S3 i:ieo Stor 49 tOOI.k Sup C It "4 5 Leh Nav. 0 -lh Val. st 100 Lit Bros. S3 14 I- U It.. 4,1 Thlla Co.... do cm pf . . 1610 P It T to SI4 rhlla Tr. . . 100 Ton Del, 3i 30 Ton Mln. s J!Un Trac, 4 Hi .100 u 1.. ss Low SS 43 41 ll'.i SO B :.i ' -V. a e Net Cloia chi. SS S 43 4t o '. 53 U H -) M f.io 31U i ft A .1 .. !!!. .. SS 1 Good Advance in Their Value and They Make Up, BU! " " m am-k . . " . " vt rJ ot business During Short Session Car Shortage. Business Problem of East ,. Virtually all Interest In trading on the rhlladelphla stock ICxchange during today's session was attracted to Ilapld Transit trust certificates. These Issues net only ere the most active of any dealt In. but th., ),,. ..1 - - ., - advancing as much as to 27!i, the t in 1 ""igii uic- nave Cliungeu I "o pret .... Alt. an. n4'.l .. mo SVCf fn ." '.' V 3 I " S Steel SS?i SSai ssai i clhS.oel I... ,3.4 us .. !!S;7.t.!7.. SK Sfi, . Wr IS S..4 S',4 H Th ' T , , Hrook tap Tra 4t; .ia, 40 Mi Jn " 1" V."' '' S" " nT ' 2i West CI.:; '.: ',: .. 'J1 n"al opinion In brokers' offices !nurs Hros ...,,. 1.4 l.Pi I13'i .. !-S n"? fa', l" '' JJ ?J MYorkllwy !." JoMr. of the I'.-n. T. ..cli val Petrol ... 11.4 11 -- '"i-nN V TcV.cnVi.: i?i 1?'. i?'. Pfd ..: 31 St 3t .. Vl '" a"H,hat fur,tI,er sfength might I Can I'oo l;iji i3t, lijil a' f J"' Nor l'e e-n .1... .',! .-,im r.iVi "8 "Pected since the terms of the con- Chesa . Ohli ina! JaiJ ai? '. i K !.,,Tru.h.V, l"!ii !! 4 !!?' S .!-'' . ...... Net ! tract between the city and the transit n.i ! .. ..- -:7 -." i 1 nun s. ,''".?'""' '.';: L'r. "r ....... '"" ow- -" cn'' company for tb n.,.rn e .1" "I... ... vaV n ITill . . tl'l fl"U "sl """ " .. " a J f I flPr . Tt' Ti.' Il.l'Bi SPlSUV aalll 1 .V t;ni .ii & st r 3S!4 do pref . . no'f, Chi & North... iijtj, C It I & Pic. isij do 6 pr ols t c 40'i Chile Copper . . It a. Chlno Con Cop 4S'.t Com Can . . ,st Corn I'rod . . snii do pref . . in' Crua Steel ... .-, Cuba Cane Sug 3ii 1S . nia . 3.''!, 1.1'a (12 '. St :ti mi sm-i ;.ii do prof , net K 1 1 ud . I Ulslll Scciir. I I.Vic ... . i do tt pref leu Uloci !eu Motors . Croat North pr SI' Inspiration Cop 4a, Interbor t" C pf t.ia Int Mer Mar.. Sl"i do tiref Intcrn.it P.ipoi Konnrcpt Cop. l.iicka Steel . . . i Max Mtr M pf, i Me I'etrol . i Miami Con Cup .?!, Mldvatn .. ,3-. Mlssouil rar.. sat, 1 Nn I I 'on ChIi 43 ti ' Nov Con fop, . IH(, N V Ah- lirnke 10(1 New Ymk Cent fls i, I N V N II . it ssii .Northern riu IDhlo tins . i Dwells Hoi Pen no. 11 I! Pitts & Wct do pref , Pitts Coal ' Pub S I' of N.I. 1 00 Pullman l'.il C. I in Kay Con Cop. 2! Heading Hep I & H, . . Sears Itoehuok, Sinclair Oil . , So Par . . South It I! .. Sup Stool . . . Studebrikcr . Tenn C . C w- 1 Ijv, Tex .t lu- ... I.1 Tex Co 1.1.1'4 1st I'nlon r.irlfic .11 1', 110 I id Alloy Steel ,1.ia4 United Cigar St S.1V4 United 1'rult . .117 11 U S Hub 1st pf n.li, U S Sin ci lief t.1M HlTi HO OH. isli inu Ha UN SI SSla on as 5S, 7S ot. Si, .'ll'i ;.i n It's .IS" 4 13 "4 08'. 7411 131 311 si "4 SI'i 3.1 4'a 14-j, Itili sni, s tl 13 21'", on, s.i 3lla Sll 20'4 7.1 '.4 s: u 13 !!, 23' 4 I J '4 inn una, SHI, Xl'i 34i ,11 li SI' .'.SI, 3V4 100 1 in 'jai SS 731. 131 30 SI 31'. 33 4iH. ISN 1.1 -Mi SS'.i 60 91'. ISli 40'i 11"a J-4'-SI 3S , on .U 2Si - 7 S -04t 33 li 1.1 133 sn-i 41 t.t 3I"4 .. 01'. - 4 31 31 Sll 30 14 a. 7,1i 14 27i ". 431. i 3311 'i S3i 4 1114 ' inn 1 si ii 2S14 . Sa, . 3H4 I, 31 'i tt H14 I lift Ml NsSlwl 4 .ii . ..... IJOOU South i-ac'r ? ': Anil . 'Jn Tas Co n. ..; ss inonii t- h Ruhber .',; ; ;n r. 50110 Cnion Pae rfd 4a Ts .V!!"!!;! u .' 11 is.;? tl:; ' a'sa 101S... nu. 4n' S!1'4 I'.l's Ml. 70 J. osl, 7R l'I,' nt in1. sn. 07.. 00 4; sl4 0S.S0 -I .60 I hlpl,..,.a ii " ,:." " "" '"" ) tt reacho'd"Uo, V'll "V M"1'-'..'" II,. n. V , ..." " Kenerai umer in llie financial district that Councils will approvo the plnn which was llmlly ar ranged by the Department of City Transit and the rapid transit officials. tT. -.'tt"', a H fBlr turnover of united uas Improvement stock with out any change In Its price, and Phlla. delphla I.lectrlc, Ix-hlgh Navigation stork and lork Ilallnays preferred were un changed also. rennlvanla Itallroad advanred a fraction, hut Hi.rn a. nn TIT) Tii-) A t-vtxt1 ai nTTTin louoning are quotations for Inactive I auy in euner It f- other rallrod Ul IKAUINtr ON CURB ,,0(?!t -I'ted on the rhlladelphla Stock , Issues. Steel common did very little l.icliange nnd In which there were no ana was lovyer. transactions today. Th price given Is i W'srty Uonds were traded in lightly No Slicci'll Chnntros in Pi-icoa the last previous close: ( at jesterday's quotations. .nuance ma. 1'vo I" -l-ia new 1016 07S H7S 07S Minn na Sa .... otu tnu niu "TO "'cat Klectrlr ,'.'. lin, till, SflS SNOWSTORM HOLDS li G' .. 14?, lsjoi.lb nond . 3.js .. OS. SO OS. 70 36.10 do 4s .. 07.40 97.30 100 Plilla Klee 1st 5s,. 0J4 94 1000 Heading gen 4s. S3!i S3i 1000 Welsbach Co Os.. 03'i lis 07. JU 0311 SSli 03 INACTIVE riHLA. STOCKS i of Few Stocks on Mod- crate Turnover NP.W YOISIC, Hcc s The driving snowstorm which pre vailed during tho short period of bus! nPR. h.l,l n nn...l -In. I .. .1.. .. 11. ...... -I. JP4 -r " '"-" -' '' "mi v.uiiig Kejstona a contraction ot dealings In the curb in .,. -t-i ..e . a4 I -' 3m.r-?i,?, V- ," ?ig ,WTTr,B? ss'' ! COTTON IMPROVES Am Sores .S3 l.litl- SchuyUill m ' ' i i'ii JVW V UO tVVr.J .':. ,7-. M'of n ,:& ON GINNERS' REPORT ztt$?p-s? r,sh.,?n.l.:-.:sT ; mil nirui ...,1H P Ti T , a. , " ! T --sis ' '..0? T"? N .1.. s. n-v Co o.n ... .414 I F IKUrCS CfiSfi tn RynPfttntinna . Prnonncfa. f 1 neooe Poeolol.'- -en A-pnait ., H-. ii h si.el rref.ini , ,.-.. ,. , . !".) v. jj.-.fj.. icveiuw. - 'a M The Philadelphia Stock KxchSH gave notice today relative to the Ua States war tat act of 1917 and reU Hon by members of the exchange as 1 lows! 'V "For the convenience of membai-ij me niocK I'.xonange, an omccr iron Internal Iteventie oflrce at rbllad will sit In the secretary's office on Ta day, December 11, between the hours' iv a. m. ana a p. m. to anoru iuuai hers the opportunity of registering ?,! reoulred bv the rea-ulatlnna of tha CBWiVCo tr-lsalonep nf lnl.,nsl Tt.t mni m .t Wssk.- .vis ington." $& OfTlclaN nf rallrondi nnrftt!nr l'rai ward from Chicago Rrtd St. IxajIs reotf-j an annrinnlla tnnnaira nf Hum h-h 4)&aa4 tat 1 U wis iiiuiistwu-s iviniaKG ui ritKf ititabs-sgi tap ht nnd domestic tonnag. The car alttHtt tlon conBequenti) In in a more of .'..All. u. t A rt . , , ., , .. . . ..'. -jenerai nuainess in me industrial i tlnns continues to be stimulated by great amount of war business, butr character of volume thereof lias changed materially during the last'feWJi w eelts. ?Y,SJ otnciais of southern roads report tons" nage Hbout 6 per cent heavier than I jear ago. Business In tho South Is ex-a (.cptionally good, but the shortage, of cars tends (to diminish the percentage' oft! Increase. 4? H ; 'ifi ' PMMl'CO TM fTTi.T MHV iiuiuniJUkj xii vivivil , -it POT.T.nwa Bin of Auw.tay . v ,, w x, xifci ., nn aphalt nt. r.?, vv I ft seashore 44 J P. "-," "' N i'4V I. Nav ns lat pf 30 ."" " , m Cramp and Have Little Effect on the Market liij l ;'.,, 'l i L-ti..,r. ti e:j '"U 14411 IU IJIltllUOU 1CC41 OlUVt i( :m markoi. There wa,s a moderate amount SCARCITY OF FTTET, of trading In a 'few- stocks, without 3V'-YXVV-'1 l 1 VT rVJEjLt WOKK1ES STEEL MEN Oats Improve special change In prices, but a better tone generally prevailed ami there was an Imreatcd demand hi evidence In tever.il groups at the low levels recently established The old group presented h -olid front and, on a little Increase hi busing orders, .somo of thc.e sloil-s made fair gains. Mining stocks, as a group, were falrls lUtlVO, with a Rood deal of Interest nt. 21 '4 14 tached to tho continued absorption of .,., ,., .M-;i--i..-ev.iiiA wnicli was Influenced by 13" "a the ndvlces from the mine loiiflrmlng " experts estlmales as IIS Important ore bodies it lj nnd 1. Conner Vallov tOTTIIV BKI.T MK1TIIKR tOMIITIONS , NF.W 10BK. Iter. S. The foOowlnl lemperatnres were recorded In the ration hell IMs mornlnil Pari Smith, Si .Vhlleoe. 19, I IttlA Rh.L IB. ft. k(. nn. l. ft . i ,-., . . .. ....-...!" ----''"-, -l onreie- Anxiety Shown Over Curtail- ."'.i'. ?S!' hIJES: sS! iiaiteaion. s:i lllrnilnaham. Sit I omns ment of Output, Due to Lack of Coal and Coke NKW YOniC. Dec 5. Conditions In the steel market ore I U S Steel do pref . . . I'tnh Copper. . Wabash .. ., do pref .1 . . , i Wet-tlngh Mfg. Wheel & I. i:., Wheel & I- i: . do pf IVIlljs Over .. S7' 33'!', S3 14 117'i 031. 4I4 SSaj, 10714 107li 70 7014 S S 311'. 37 "1 10 10 10 1ST. 3!l. 37 -n oa. 0-S, 10 IS'i (18 1 ( ;i' 131 .in m'i, 24'. 3.1 I3i 1314 1.1 13.1 110'. 3.1, '. s.1'4 "1 117'i .-14 0.1 ', l.l'S. ' sn'i 1; 1071.11 4- 4 7fi '. S 30 'i -1- -14 .".7", . 0i aj Oti a. 10 IS14 t ihe mine loiiflrmlng rather unsettled although orders being ' Knenlll .: 'sa1,';, !vTet,n,;defrird hy ,he ' "" .FMfiv: fhrlstl and Nashville. 3S- Salrlch, 3Si Hnsxllle, 40i en Orlean".' Mobile and (hultanoora, I2 ,tlanln, I4i I'rnsaraln, llnran and Knatlllle. AOl Auansta. 3?l Thamaav-lllr. All Savannah. Illlmlnttaii I and Jacksonville, 60t (hjrleston. S3 Tampa, S4. 1 There m .01 Inch of precipitation nt It llmlniton, .02 nt dalteatan. .IS at Al- Knaxvllle. Macau and ew Or- .lltle Koek. .3Q nt .itiinistn 33 al Thomaatlllf anil .30 -1.10 "- ""''"; .uurv uiiAiv'3 lj Deinc nnow-n fairly active, selling at l'J to 1 , 'and ' over the curtailment of output, due to 4. and 4 H. "cman" Ior llet'1-1 at I the scarcity of coal nnd coke. Just what Nlplsslng.'on which tho regular and thI, mfAna ca" 1,c Been from the an- evtra dividends have been declared, sold nouncement that the United States Steel at 3'i nnd 3",. Among other sales Corporation has been forced to bank Aetna i:ploslves at 8 and 8'i, Mar- twenty furnaces because ot the short- conl at 3',, United States Steamship at nRe o'j nnd 5,, Wright-Martin at 7 and " is Probably true that the situation Inter-I.ube at 2. would not be quite ns bad as it actually .sales in the oil hliares were light, with were it not ior me cumeulty of secur Cosden at C, and G'j. Vetna certificates '. , 4,i4 ' Chevrolet ,u 1,5 1 osden Co . . . . . H", n", Curtlss s so l.ehlirh Valle Coal Sates 711 7r, Mainna Copper . 44 41 Itusslan 3'- s .. .. nij 4-,' lo (l'a s . . . ,-,4 -, ScnifR opper ,-, s St Joseph Lead ,vf fiU Sulmiarltio ,. . u --( United Motors -, - t'nlled Verde Kxtension . . , 31 sr, Wrlitht-Marlln .... .7 71 do pref pi 6J Financial Briefs INACTIVE NEW YORR STOCKS New York stocks nnd In which there 1 were no transactions today, Tho price 1 given Is the last previous sale: Ing railroad cars for the transportation of fuel. This is not as true ns far as coal Is concerned ns it Is of coke. The supply of coke Is quite sufficient If the equipment could be obtained for trans portation. How ev pr. now that the f lovernmcnt has requested that coke be supplied to cer tain public utility properties to tide them over the period of coal stortage, It Is considered likely that the effect will eventually be worse, bo far as steel out put is concerned, unless steps am taken to counteract such a movement when the time arrives. At nre3ent tho United Stales Steel January Corporation Is operating at no better JJh, than 85 per cent of capacity. This Is jui, " ' the estlmato or one nt me mgnest. om- t-poi w, .ana -- m riiirAt.o. ipc. .niinoi. rir tj?:x nl hC r .Mir en it nml mi. it lit Hundar nn'f; Nfiiifsni inmrunii iiarmrr Mtntn. u& tiUKoun .rrtir lonicitt. roiafr souinranr -m hiind, uitHHttrd unci nnrmrr. ,,'$& II laaAH.Ii. L..laa larlal ! Baniall "r"U iv s-ii -jri.-siaif- npi evr..iat,fav. ssaaaa t-wiivaic- Mlnnattanf .l'ntf tin si rnnllnltsvl rnM lJfta &. nlclKj Kundar. fair, rolilrr. . . ; ..Jffi InHn Inrrfatlnc clouillnfp. tftnlirhtei i fhtfft-atft4aKlv fttnafaiav an sial SAmsa hil i 4a A ". westi snndav, prohahlr anow. a ty-'m North llakntn Mnon tenlthl! Sunesj'.J ftfiyS lair, roiurr eoiiin. ''fty riouth liakotnSnon and warmer la-ir nlahtt Niindnr. fair, raider. i'&S ,rnras.nsnns Ionian, in. imu.w. . -f j hundat viarmer lonlchtl colder Hundsr M$M Kansas Increasing cloudiness tonlrttl VM J.'l warmer neat and central! nnnoar, vrwm-ryis able snow, warmer eaat , V'i Montana I nsellled. anow tonllht ani j';( aanin isunaa? coiaer. .',.'- IV. amine Snow lonliht and probablj r-uuilu). colder. ciiir-AC.n ne. I. sfs . .. tilttH Slight easiness in the Initial dealings ".eta an accumulation ot oiernlght selling , was followed by development ot flrrax-tS&j orders. , ,. ,.. .1 . rnrn mnr-;(., 11.1. mornlna.'-iCl These were absorbed by Mall street The tm.io fnile.l to enthuse much otn buv Ing, supposed to be covering of shorts ... ,, , ,., . ,. .. 'i.Vm and western ami trn,!. hm h.ir. with the the bear side, notwithstanding the WV.ll ...... ..r . ...... ,.J i.,l .1 . ..l., nw MlSM iTl pi l-:cu uciici uiiii 11..11'. ..is- ,iwinft --vj to be larger. s , i-'M Attention was called to the fact that 'i.'l storks remained .mall ami thnt the casli.- article was i-elllnf- much above futures, ifM ., 1. .. t 1-.-.1 i.. .....11 .1..-. ...'lrNul i.iiu 11 nun iiiai'-it'll iiim uiuii iiivnc i;uii-i. 1 are adjusted sellers would berjis timid S..t'A Ni:W YORK, Dec. 8. The ginning figures nn cotton were close to expectations, being 9.704,000 bales and really had but little effect on the market. At the htart prices were 20 to ;j points lower, mainly because of result that by the end nf the flret fifteen I minutes the market had recovered all 1 Its early loss nnd was firm and about 10 ' points net higher Parties here from Alabama iennrted Icftfrrai nalneii I ta t 1. . ...III.. ... . 4 ., 1na 1 ' ini nn iiiuviii 111 liih 1 111m. nun ir 111 vv nil 11 1 .... .. .. . are sold ahead to next July, and making I ?" f!" Bre "J"" '"" " m the greatest profits In their history. The receipt aro estimated 28,387 bales a a -.car ago, proms m u.e.r ...siory. , r,eCcnlber. after-opening unchanged itt 'LH at ,.,V.JJrl.s ,for l,le .'"'III-S-. moved up '., : January started -a.t'iX'J d at 24,000 ales against, ,,,-07,4?,,. :0i, ni?anst J1.21H at the. 1 a week ago and 34,1,4 bales' em, e5terday, and ri.s to 1.2li ; MayfflJ Pecemher Testerdaj'a. Close. Linen liii,n. , 30.3O 3 SH 30. H4 3R.M1 3S.10 l'S r,s . 3 23 37. "S 2S 2.1 27.0(1 27.70 2S 04 27.t 27,411 27.00 20.0.1 Low. 2s. SS 37.C.7 37.33 tiross receipts of twenty rallrouds for the fourth week In November were rlnl. nf the cornoratlon. and Is tho first following are quotations for Inactive $18, 256,273. This compares wltu $16,. , accurate estimate that has been obtain- n .. c. ,. ,. joo.bso tne same ween last year, or an able. Students of trade conditions state v-uhwh oiaiuuis Increase ot $1,960,287. tila. , other seel companies probably NKW TOrtK. Deo. . Tho atHtlstlc.I posl ' are doing no better, so that there Is a """ ' (,lt"' " ."r ',"JloBS!, ... The New York Subtreasurv gained reaucuon oi 10 per cri.j .,r mii. m i $293,000 from the banks jesterday. output from what would be normal with Total visible aun- l..lll IBII' was quoted at $1.1Si Sf 1.18i at the, outset, against l,18',4, the final quotai,',''! '..'nai tlon ot jesterday, and advanced ta-i-J js.ss 5I.1S SsTn I Tlle receipts here today werelT3" 27. m cars. The undertone at Liverpool re'slffiy , iii.iinci. eieuuy ana crop aavices zronii Argentina continued unfavorable, wjtn. tlon, 17 il 711'. Max JllrMnt'pf Kv. of li Man El . . .1110 Only small price changes have occuricd In gasoline timing tho last several months, notwithstanding ndvances In tho price of crude, increased costs of other materials and labor. Nobody can glv e an accurate Idea of what tho situation as regards gasoline supplies will be next spring. Esti mates ns to the requirements of the United States and tho Allies for 1918 hac referred mainly to war needs, and further Increase In demand for the fuel will havo to be met In part by decreased private consump tion. 1'rlccs of lubricating oil, however, havo ndvanced quite considerably In the last few months. This Is because demand Is far In excess of supply nnd nil the big companies arc Miort ot next year's needs. Stockholders In tho express companies aro following with closo at tention the eiloits of representatives of tho various companies, who aro now In Washington conferring with the Interstato Commerce Commission to get "a 10 per cent Increase In express rates, -which will be pointed out as absolutely necessary for the maintenance of tho concerns in their picsent condition. The htatcments of earnings published In the recent past show that business was being dono at a loss, due to the advanced cost of labor, materials and other phases of that Industry. Tho representatives of the companies will make It plain that It will bo a phvalcal Impossibility to continue In operation under present reduced revenues unless Increased rates are permitted. They are also urging as. quick relief as Is possible, as tho drift of affairs ot fl.ll the leading com panies may result In a breakdown If financial' assistance is not given. Tho rapidity with which new building construction In Manhattan has fallen off Is indicated In an estimated cost of the samo during No vember. This is an Interesting sidelight on the situation as It affects the postponement of new enterprises in order to make possible the success of Government undertakings. Plans .filed with the Bureau of Buildings call for only eleven new buildings, the smallest number of any month this ear, whereas the estimated cost for this work Is $1,892,800, In com parison with plans for sixteen buildings during November of last year at an estimated cost of $1,398,810. Can Company Has Record Unfilled Orders It Is supposed that the Continental Can Company has a lecord ot unfilled orders on Its books which promises capacity operations well Into 1918, The uncertain factor, however, Is the supply ot tin and tin plate. The tin shortage Is assuming an acute stage. Recently tle Government commandeered a considerable quantity of the tin in storage In Newl'ork." The announcement, a few days ago of an advance In Pennsylvania grade crude oil to $3.75 a barrel Is believed by oil trade Interests to be In advance ot a general Increase In the price of other grades of crude. It is pointed out that further Increases are necessary In. order to stlm- ulate new production, which threatens to be Insufficient for next year's refining needs. The mid-contlnnt field Is supplying 40 per cent of the total produc tion In this country. An underwriting syndicate has been formed to purchase and offer publicly the unsold portion ot an Issue of $3,800,000 Detroit Edison ten ear 7 per cent convertible debenture bonds. Definite arrangements are being held In abeyance pending the author ity for the Issue ot the Michigan Ilallroad Commission. The Interesting point ot mis financing is, mat the bonds are being I Adinis Erpress tl.'i ltrlllard V Adonee Hum pf 214 Mackry Co . . 7n'i 1 Advance Hum.. In Manhattan Pen. 1 .jiia nu'iprr . , ,", .-.lax Motn ,m Air . neni Am Act Chin n Am car n I pr in., u.i n.n, i. .. Am 1-snress lis sine II Sir rf..ini Am Hide 4 1., I" Me-c Pet pref.. Ill) Am l'a pre? .. 41 Mleu Central 110 .m lie Seo . I" M St I'tVS M SO', Am !.mo pref . !', ". Mln St I, new 10 Anier Mall I.Vi Mo Man 1 T tl 7V, Am Smelt 11 .. tin -t St PASSIM K1 Am Sutiar pref inn Mont Pnn.- pf lot Am Sumatra pf 11.1 Morris J7sset 30 Am X . T.3I.pt ?? 4 Morris i- ij pf lift Am T A. Chle. .',.'. Sat Aoma . . 20 Am Tob pf new- am N'at lllactilt . . 0.1 Am Woolen pref SS'4 N'at niacult pf 108 Am Writ Tap pf 24 Nat Clk st pf innU Am Zinc I.. I2'4 'at Kn i Stp rf 04 Asso r (1 lit pf r.2 N'at Lead ... 41. Asso Oil am Nat Lead pref 0014 ..i m .. ..I ul. -.... ...... .... I ,iu ,-iriu o .-in. p .tj,n ocnila Mil H, Nollco Is given that Lehigh Power Securities Corporatl. ten-year G per cent i-ecured gold notes are ready for del'vcry. This H tho company, con trolled b Ulectric Uond and Share Com pany Interest, which acquired tho I.e- So far as orders are concerned, It Is slated In the trade that business ninee the first of the month lias been about on a pir with what It was In the last ten das or two weeks of November, so far as the Steel Corporation and other larce companies are concerned. It will weelc wcel. vear 4.303.443 1,177.173 .1.3.1.1 3.17 Of whlh Anier-i- can 3.207,41:, 3.100.173 I, .100 317 Total In Riant l)e- ctmber 7 .. .0.021,702 .1.011, TBI T.T.t 1. 100 dry weather causing further deterlora-"iL Hon. -ra-Sl . f J Oats atso improved, after -wavering atv? .1.. -... .-.. a. m -.... '-ti me om", vincrs were aniau ana xnw mad. neller. oonrtotin n.Mmh.. ...a.....! .ft: at 72Uc to 7t'ic against 72s,ic at UmtaJ hlmi Valley Transit Company, Lehigh bc recalled that during the first two Navigation lllecirlc Company and North- ...i.. f November the contracts re- eru Central Company, and the notes ceed were about twlre as large as tho "nr i.-sucu ;n iinuncinK ma merger, DIVIDENDS DECLARED I.ehlsh 4 1V'lll.ea. It irre Coal Company, regular semiannual nf SO 21. navahlo lie- cemher 20 to stock of record December 2-. average reached in uctoDer, dui later in Tra,er,. Wilson and llusscll bid: IVa the month the orners necreaseo sngmi .ers, jlosfnherg. Gumoens, Schlll and and the early high average was not Mcj-nany offered. Ii.ainlalneo. May Hopkins and Dwight, Glfford, finvemment contracts are coming to ti.-.- cvhlll. VCnters nnd Brooks. 1.1.1 r hand in large itvlume, and It Is estimated rjumoens. Mitchell, Freeman, Shanz and hIm "oil nref' hi"! K" v n P L","' !'.', Moaa-sheffleld Rieel t iron Company, res- by some Interests that between L'oO.ooo Martin offered. I R.lrt,.hoccror.inn" X i' ' Mb ""Vl"1" .' AS .".; "nt ."n Preferred. , iMM0 ton, aU were placed on I .Tulv Hvnian li.iopila.Mlr. . i N- y r," W.V in ' cember 10. " The books foi war purposes during the ana Mitchell off ti.i,r, . tin rm Hi. .-.." 1 . I nuuuirm inuiiiri iimvntfi. riKuir quar la-sir w eel.. .iuic iuaii i.uu -. mn PvinV.VoX.yf'V Wil? Vl. -W)&&tV?&rim- iSount tln '-" ti.. first two days - M'ritrofp-if 1to"rrt,hAAmVric,Pnf47vi "' uricMoTntMn'rrr.cin? Com- of the week. Orders from other cor.- ell ivklnt'o si ohfo hp,A.m'rlcan Jl" "" rulr quarterly of 1'J per cent on sumrs are keep ng up fairly well, In WlWk-mmm V,rsonittpf nil Oh" fU.'ri..:. ci rr"T'r,rt' ''l':. "' 3 to aiock;of ?f"f ,,le uncertainties as tv the de- W c.nS tdi- Co . ". Oni.ni mi..'." .1- record ricoember 21 Pool,, clojo December lew. '..".. " t ... KM Cent ray Co . 30-, rh.Am Pel n'r nn 21 and reopen December 1 . ,vies mat can uu iimuc. Il MnMS Cent Leath pf. ino Tan-Am v nrine American Car Foundry Company, reer- More Interest Is shown In the ship- AtinatHVlK Wm end esterday, and advanced to 73Uc"3 and .viay opened at 70a,iT0c, agajnst.l (O'ic at tne close jesterday, and taai I vanced to 70 "ii. ,5 A-3 f'ollon Ttuvera nrl .Sellers ' The receipts here tod.iv were 158.!M NlJW YoniC, Pec. 8 December I'. carR- Tni ,0,1 nt Liverpool was easler! Ilartecrn. Ilents and Hooper bid: Schlll, ". rereipis or wneai at .viinneapollsd Fulton. Seidenberg, Cumocns and Mc- ana iiuimn louay were ..1 5 cars, against' Knany offered ' ca1-1 'as' Sear; at IVInnlpeg 43m sr i. r--..n.. .!..,.. ,--.,,A.nr ats. niraliiKt 803 cars! nt Chlonftm aeiij .Will til -,rci nil, llciiv., iiuiiiurn-, ......i ., yVS. cars, compareu wnn 4 cars. 'SSSt i lie tone at laterpooi was softened HJ by tree arrivals. ffS BAU SILVER ' LKS . T?2 vt hat. Hla-h '.lAt'$ii S4li insi, Til t.it as and Martin bid ; offered. Brooks Today N' York (eta) S3, i London (pee.) 43 Teat. R.V 43 cent 8 Am T..lir,i rtt ct . . . . na Cerro do Pnaco 30',. Peoria t- Kasi. 4', Chi Alton , . s TVre Marn Pref, 4S Chi V Alton pf 23V4 PJerce-Arroiv .. sn'i Chi ill IV of '.-ns Pl.rr-.Arron- pf 02 Chi N W pf.t4S Pitta Coal pf . 7n Cluett-P hd pf.ltn Pr.sd Sll Car pf 04 Ce.-ip Tsb . ., .12 Pressed MI Car dT's Col I South... 20 iQullkPtller . . col o 2d pf. 43-i nv stl Sprint (iV Col 4 So 1st of 474 Havaae Arms .. 00 Con (1 11 I. I P.lns Saxon Motor ... n Conao! Oas .... S.1V. st 1, ft s p pf , 2.1 font Int Cal M 17V5 Seaboard A 1,. Tout Can pref,. 07 . Sears. Koch pf. ,120 Continental Ina MU Shattuck Ariz., ts'.' Crucible Stl pref K South Hwv pref .11 Cuba Am Su. 170 Sland Mlltintr . S'.'i Cuba Am Sua pf OS Stand Vllllntr pf sv Deer. Co nref 9.II4 8tutl Motor ... 89 Pen Jtlo Or,, S Sun Steel la tpf P0'4 Den lllo O pf 14V4 s P nico Sunar.14.1 Detroit Ildlaon 12." Tesaa Co rta... 10'. Doma Mloea ... n'4 Tldenatee Oil 301 D I. W . ,,100 Tobacco Prod pf tl 1 Illeo Slor Hat.. .IK', T St I, & W.7. 7't 1 Krle 2d pref, , IS T St I, IV efs H'i naat-Wma-Wi 31 T st I, v pf. 80 Oen Chem .. , l.nv-, V St I, 2d pf ctl IS Oeneral Clear., 304 Transue.Wms.. , nr lien Cliear pf . t'a'a Underwood Tyno 00 lien Motors pref 74 l'ndervd T pf-.llS'i noodrlch II P pf.100 I'nlon Pae nref. 71 Oranhv Mln ... r.H I'n.llar k 1 new SI Oranbv Minimi. , n 1'nlt Clir Sr pf.lni 1 Oreen. Can Con 14 Utah flee Corp. 12 Clulf St S lat pf.tO.1 i'nlted Drur... 04 Hartman Corp. 0J t'n Drujr 1st pf sn Havana Wee.. ,101 I'n Dru 2d -if 75 Homealake Mln 01 United D Wood Int aarlcnl nref at 1st n-ef M Int Aarlcul ... IS I'nlted Pap Hrd l.l'l Inter Cnn. Cm. fl'J United It- Inv. 'i Int Hrv N J pf.lts I'nlt tlv tnv nf 14 int narv - j,, 1 1" Int ."sicaei pr...iin "'"r.'""ri":!.y-"! ,.J,J'r,:"'LB.n J.TI ?'nl hu'ildlne situation than In any other rrred. pajnhle January I to mock of record Wntl. of tlif trade, and thft indications I.pMnlW 17. hat nil Interests are working in an hm Motor qar ( ompany. reiruiar nuar- ---4 . tA .u. mani- hln nlantw aun- naaDlr- viw. . i -.,- ...- , ... .,' tr.ml.' af OL. n.M eanl mi . . m a, n as, M'I IJ tm T-f 14 V-'liV ".li l'"IIIIUII "sS inuir -" - .- Januarv 2 fo Mnck of cord n"pmbr 15 piled with their i' Canada Ilread Company, fiiUUl of J per ..mnnletlon of tl VY C4nt on (ommnn. ...I . ' . . , l.-? neneral Halvinc Company. nuartirly of 1 ptr crnt on pr,f"r,,",d, pjahln January 1 to ninck of rrod PwrmlxT IR Koili riakrry Companv. reeulnr niiart-rly of IV per "n nn preftrrM. pavahle Jan ur 1 to toclt of record I,rn.b4'r IR liXraoM'Rand Comnany. rfjulnr i-i'mlan' rual of S per ent on prfpfrd. nayahlf toniiarv 1 In mtitr-lf tt nf'nr'.l rsnisornhn IT. lon4 wiar uas i omoanv, rf-ruiar nuarnnv win jie jariser niter ino turn ot inc year ;rc"rnd,DencVmb'rn""mb" 3 " h"d and that shipments to regular consumers Kastern Talc Cnmnapv rrular oua-terly will probahly be longer delayed unless Is seen hy the est sheared plate . .. .. .-7,. ..,.... .a( m'H in tne worm u in- ..uiicu-. o,v.-ci Company nt Coatesv llie, l'a. This plant will have an annual capacity of nearly 200,000 tons of 204-Inch plates and will begin active production in February. I Steel men say that Government orders for all classes of products, if anyiinng. of 1'i per cent pe..'shlo December 1.1 atocK ot record Ilecemner 1" War Influences Exchange Market Ni:W VOTIK. Dec, 8. The foreign ex change market. In common with all others, continued In the last week to re flect the successive startling develop ments and Influences due .to the war conditions. Tills reflection was less clear In flotations than In Interest and at mosphere. n,.-o Is relief in the railroad situation .ml ears and locomotives can be se- cureil tn move the products from the f mills, In some quarters Government ac tion on the railroad question Is expected ( to be followed by Improvement, wnicn will materially benefit the steel plant, working for the Government. WILLIAMSTEELk &SONS'CO ARCHITECTS- ENGINEERS- CONSTRUCTORS PHILADELPHIA am. TORONTO Behind Steele Service is an Advisory Board ot specialists capable of solving; all problems or build ing construction, building equipment and floor space economy. Steele Service is comprehensive and practical. m v h c i p - r, il ci r.xpreas. lot l'an nrer .la n.v-. w . flealtv Iron lai: Iowa 1'entral .. 44 tt s Jteolty t pf so weeks. io cent pf..ini II H s n'nf. 44; "storms jewel lea ., . oi-s nsan nrer II. 20.. ,., ICellv.SDrln: K'eok eV D M . I.I Mer. , I.aclod. (la. . , Ike Krle W 30.. J. "-Car ('hm pf HUH 4ii west Aid . . is'. 172. IVeat Vtd 2.i nf 2fl Sll'. west J'ao n II. 17'4 SdH OS LOCAL MINING STOCKS TOXOPAH STOCKS JIM .Hm nutler . ....... .7-1 In other words these changes v.fX.mr '5 were a prominent subject of dlacusslcn, Mii.ah Intension JJi although the fluctuations In rates were Montana ); not more remarkable than In previous njli. p?,i "i.'.i . '.'.. I .'oi'. '. Ilubles and lire continued the vve.t nnd m petrels" of the market, the first aot.DriEl.D stocks ioncd showing a net decline of tiianta thirty-two cents and the last a loss of i niua Hull twenty-tour centimes compareu witn tne, rijamondnei.l n P.. -1 12 on it n.i nni. si -4 IVhlio Motor. week before. j i ,niy ... i Kewanaa. , inro n .01 .in .ill .01 ,0.1 .nt .01 ,03 Tobacco Co. Pays Extra on Common ?.".''"i'.m. Kendall i . . . rtllver i'ick ....... WINSTON-SALEM. X. C. Dec 8. MISCUM.AN-EOUS The R. J. Iteynolds Tobacco Company a rilnna United is lias ueciarea an exira aiviaena ot z per xevao wonoer cent on the common stock In addition i1"01"1 Mln"1; to the umal quarterly division of 3 per l.r.n 02 .0.1 .02 .m .0.1 .02 .02 ,0T ,21 1.7R .23 l.K .Jrlo IV Pf 23 . IVIIaon Co pf i.e. iiuo liro i--s . uaon CO ... , Lehlah Valley., MV4 Wis Central . S7 Ua I M T pref.in'J IVoobvo'tn pf.,11S I.oife Ul cfa Pf. 40 Worth P II . 35 NEW YORK COFFEE MARKET r XIoffe.IrCesonene!!'T:?ih.! m?rl" cent on the common and of l?i per cent J NEW YORK BANK STATEMENT for coffee futures opened quiet and un-lon tl,e preferred stocks, all payable" fT.hoMaT anS jX? vXti ' l W E"" I Average Loans Increase and Actual Today' t How Do Women Fight "As well as men!" declared Mme. Vera Butchkareff at .. . . ... i;i home in a little Sibenan village. jfrm The Battalion of Dea Bu Lieut. Norton C. Travis of the Aanerican Red Cross I August ' .September , ticiober Deceinper January .. 1'ebmary . March .., April .... M.y ....,,. June ..,,. July opening. 77li 7,'tiu T.20 T,Vl i'ii ,.IHI4T,(M ATUA. ?:i8?:18i5.,5,'...,r":: J'-Jki'lil. Ten ino'nth'a" sn The American officer, official photographer to the RtVai Mission, met Mme. Butchkareff in Petrograd .and obtalMi 2i. vii f4ira ui.iucuu it me same. . t. ., a. c.it Ye.terday. amount was declared three months ago. Decrease Reserves Are bmaller TlllWJTS ntllltnin VARVIVrc NEW YOnK. Dee. 8. The Xew York, 7 HitTTlsi RAILROAD LARMNGS hanit statement this week shows an In- iiii447,u.i atuaimii.- iiiAnr i.irK. 1 crease in me average loans anu a ue-1 . j . . .1 . .. .. .. .. (3.0(11.2.111 1.172.1.12 ' crease In the actual. ner nn true sioiy 01 uie cxpiQio or bc uiree iBOMiawq A.17.07S .-'f. 404 I ...ll. 1TA.. ''......ft 4m ' Ten inontha ro....S.1.0R"S 5,nn7,47n -"- WDO lOUgni ior Utetr nag, ei ',.i..on a,i, ass I.OUISVILT-K AND NAKHVILLK ItSiKni'diwi rourth week Nov.... :.2H-." 'fil-'X ,Tli5. TdepSalt. A'i.;:i .''"V?-? Ilefro J-1- 7..1IIW7.37 7.444(7.4.1 T..12T.n3 T.sooT.eo National Bank CirculatioA Increases WASHINQTON, Dec. 8. National bank circulation Increased I8(,2.Q (or sionin ...... From July 1. ACTCAL ' the week ended ytaterdsy. M AAA tn ieio... I Srv. U'PBTli'llV 1I41IVI 1H-T1 rourth we.k Nov... IJIT.SJ2 $20.0.10 1 Net demand d.po.lu ' Month, l,!l.31l 83.175 ITma depollt. Krojn January 1 12,:J.27 1,I4T.B0S lle.erv. --- . -4.V.S..S. Inrreaje ,l2S..R4n,nnn , 74.4.is,noo . 14.020.nno . (..1173,880 f '. iif: . rt SEE SUNDAY'S JSS.2IT.000 K7.712.OO0 1 Is.07u.nrHi 33.077.S40 ' PUBLIC sdttkLE '- -'r- ,t J ,Ar -". Kri&: tk:M. iXik ,.. -. -..', i-'r-i daljfUZH '. 5 '"aiWftr., wkii
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