PPPtPTffi ' EVBKIjSfG PUBLIC LEPaER-PHILADELPHlA, NVEftKESDAY, DECEMBER 12 10lf ' yl 'J
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICEI
'T -
'
Y, MOCK CO.
MNKKM
.
UIPMENT TRUST
BCURITIBS
fb DUE 1918 TO 1927
I'.NET FROM B.507. TO 6.50V.
CHESTNUT STREET
mlLADEM-lIIA
LIQUIDATION AND BEAR RAIDS
BRING BIG BREAK IN NEW YORK
Many Railroad and Industrial Stocks Drop to
New Low Recoids Washington News and
Money Situation Among Incentives
New York Stock Sales
High I.orf Cloia
rlier.
Net l
MAY OATS JUMPS
ON GOOD-DEMAND
3'i
I
High Points in Today's Financial News
Severe losses icere recorded by railroad stock and many industrial
shares on Xcw York V.xchangc as a result oj heavy liquidation. "W'ath
ington news that Justice Brandels might be dictator of railroad operation
and money situation iccra leading Incentives. Oil suffered on the Curb.
Demand caused letter oats prices. Cotton teas lower. State Hanking
Commissioner Lafcan Issued a call for the condition of State hanks and
trust companies as of yesterday, l'orclgn exchange continued dull, liar
silver unchanged.
Alas Hold Mlna 2".i S'.j.
AIIIm Chalmers 1(1 IS',4
Am Jlcct HUKar. 71 (17
Am Can 33J4 31
Am C Sz l'dy Coot ni
Am int Corp.. no 4s'4
Am Cot Oil ,...ix 2
Am II & I.eath l Mi it
do prcf SI u
Am I.tiiecoil . . 2 Hi sill
Am Loco ... . in'.i 4i
Am Malt 10 10
Am Smelting. . T 1 i o;i
do Met loo'i ion
Am Sum Tob. st 5:t
Am Sled my Ran 81
Am Sutrar til 03
Am Tel & Tti.loJU lOOV, 100"i
Am Tobacco... lsnu 13.1 '133 3',4
.m wool It
nit - ', Pfit-Tnklnff Indulged in on
uirge acaic, increasing
Supply
v.
1
2n; (,
fit 1U
10 Hi
d:!1 3',
100
m i
51 3
o.r ni
lillAI.V 1IKI.T WKITHI'.R lOlir.C'AS'T
rillCAfiO. Her. 12. llllnot. rnflllf.l
tnnltht unil Thursday, probably llctit
enow i colder north Thursday.
iiisron. n tnir lomiiit una Tlilirtdari
anil
'"
P'
&
m
December
Investment
Suggestions
rjfi Our current general circu
ij&Itr contains a carefully le-
Wv'lected and well diversified
IJar " hi"-efde bonds
'II wsiwuic at UKbuvc prrccs.
' This circular and our com-
parison of January and cui-
i. sui uunu putcs nm oc at
;, interest to you if you are
If, contemplating an investment
'.Bend for December circular sn4
? .Prlco ComBarleon PC147
5 ...
T II' . Safe.
Pliinenaxionaiuty
Company
It' 1421 Chestnut St., Philadelphia
I.JKew orlc Cbicito San I'ranciico
Boiton lMtiburih
K H
rllIS2!Sa tdiict iS32!J2zL
f V3ipjp
NKW YORK. Dec. IS.
Tho stoiy of tudny's fctock market tradltiK was ono ttt combined
liquidation nnd bear rald, with tho Incentives for tho Folllnil found In
VnshlnRton dispatches Indlcatlnc tlio appointment of Justice Hramlels
ns director of railway operation, which AVall Hrect cwni to rcRiird ns a
dictatorship, and a tension In call money due to tho neccSKity of provid
ing more than one thousand million dollais Installment mid payment in
full of Liberty 4s on Saturday, when -10 per cent is Jito on tho allot
ment of Mlbscrlptions to theso bonds.
Thero was llttlo support In evidence when stocks wero supplied and
tho result was declines In many Issues to tho lowest prices reached f-o
far this year and with n number of stocks selllnc at tho lowest prices
touched In many years. New low prices for tho year wcro mado in United
States Steel common. Union Pacific, Canadian Pacific. Northern Pacific,
nnd Louisville, as well as In many other issues. HrooUlyn Rapid Transit
sold down to tho lowest price slnco it has been on tho divldend-payinK list,
Tho downward movement in American Tobacco was checked for tho
time at least, that stock rallying moro than 4 points, and during tho fore
noon a better tono was shown m a few other specialties, including Scars
Itoebuck. Tho market was weakest during tho last half of tho flay, when
United States Steel common Bold down to oll'.i, a. loss of nioro than 3
points from tho morning, and Marino preferred yielded 1 points to S7ra.
Union Pacific, nftcr selling at 10Si, dropped to lO.V.i, and Bethlehem
Steel "I!," after selling at 73H, declined to eO?i.
Tho belief prevailed In Important banking circles that part of to
day"s selling wan a continuation of pales of collateral pledged for tho
foreign securities bond issues, and this belief found confirmation in
tomo minds bicauso of tho weakness in Canadian Pacific, which formed
onc-thlrd of tho collateral for that loan.
Liberty 3,Ar ranged during tho day from fiS.tr, to PS.54, unad tho 4s
wero traded ln"nt 97.40 to 57.31'. Anglo-Wench is were again weak, rang
ing from SO'i to 85i.
do prer n
Am Writ P pf 20
Am Zlno & ni 12
. .. 42
I I
i
ts!i
II
32
PHILADELPHIA MARKETS
Last Call
ff,rl Never before have a&vingi c
... count been to appropriate
,'., Chrittma Gifts at they are
f this year. And they can be
'. opened with at little at one
. dollar each. Simply tend ut
St.tie namet and addreaaea of
' l: the pertont for whom you want
!'-IV, With vour cheek to cover lh
Vv. initiaf deposits any amount
w , D L..f... -..falL
&4', ftaiftAt-ila Chrisfniaia t-arrla. -atflll
? mm arl(llltvaS-ra-a4 .Wrln Bnrl lalltAM,
I?j-'ii a4attrnaU Rfr J !
Lww" kstt iuwi
UBLIC TRUST CO.
pM'Opn 9 A. M. to 10 P. M.
1429 Chestnut Street
GRAIN AND FLOUR j
WHBAT nccelnts. 9S.30 liush. Stf.ldJ-. i
t'oltaultiK nre th fiuotatinnn (car lot?,
In export elevator. c!oirnment tupdard in i
pectln: atanilard prlcfi: ltcd. No. 1. S2".:
do, No. 2, S2.S4; soft. No. 1. $2.25! do. No.
3.7."ff4.'.'". lo. telslilne 03t'.'i lt. Pr
dozt,. t3.i.4n: d.irk. 131.73; amallcr
1 No. 2. 7;c!f1.73.
. 1'KESII FItUITS
do picf.
Anncotitlii . . . .Ml
Atehlum . . . . it ii .J,
do pref . . . . sn
Atlan (1 & W I lit
llaldwln Loco. . fi.l
Halt & Ohio... C!i
do pref ... . 3TH
Itarrctt (V . . n!'4
Ileth Ktiel 72Ti
do II 73a
do pref to... B7i
Ilrook Itap Tr.i 3U
Hums lltos . . . loii'.i
llutto .t fip Cop 10,
Cal Petrol I
do pref si
Can Pacific. . . . 13ii 1 20
"cntrul Leather 00'i S1!
Cerro ile Pasco 2H 27
Chand Motors. OJ'i ;
Clies & Ohio.. tl"i 13
f'lil & Alton.. K s
Chi tit iVc.t.. ni, nl
do pref io'.j 1!i',
C. M & St P... 37' 3.1!i
, do tirrf i7 iio,
t'hl St Nvct. . on", ss
''. 11 I & P t o 17; HI1);
, do 0 c pt t o 37U 3i,i
do 7 pepf t c 46, 4mi
Chllo Copper . . II la's,
Chlno Con Cop 4n',i 39i
; f'ol l'uel Sz Iron 3JU 30
Col Ous Sz L'leo ZHVn 2S'i
I Conol Uas .. H2"a nni
Cotit in .... sou so
, Corn I'roducts. 2i 2.1.
do pref mi KfJ'a
; Crucible Steel, si is
do pref H71-, si
' Cuba Cnno Mig SiP 20
I do prof 7711, ;;i,i
Peero Co, prff. OS Hi
Del Sz Hudson. lU'.i 03i
UlstIll See 29 -n 27
'i:rlo itnN
do l.t pref . sii'.i
OasMVins ... 3!
Cen Kleo Co..l23'4
Hen Motori . . US',
iloodrleh I! r. :ir.
,Gt Nnrtli pref.. X7
c.t Mil Oro sub 24
roldrr lonlcbt. tl(li cold ae north
.Mlnneaola Pulr lonlttit nml. Ttiumilari '
(oldrr (onlclil, nlili olil nut In tutrnoe
potttlifal. '
iohii luir loriiciu nnu ThnrftdaM roM
1 limp cl nnd crtilrnl.
.North llukcitu -alr (onltlit nnd Thura-
1 dntt roiillnnrd eold tonlctit.
, Nonlh. Ilakoln I'alr lontflit nnd Thnrc 1
i ilas 1 .oldrr lonltlili not quite t. told In
f fllrfliift h( Tlmrilnr.
NflirnnVia 1'ulr tontcht and Thnrdl 1
Ml.ti.l. i.nl.l.. ...nl.l.l .. I.t. -... .. .. ........ '
- '"' iviiiimii niui ui( nuiv P.VUIU I
and paht.
lianw Clnndr nml mutli rnldrr In- '
nUlit.,Mllli lltht noiv In rttreine Mttl I
ThurMl.ir. fnlr, illh rold nir, '
Mnntiina I'ulr lonlcht uml Iharmla-) 1
eolilrr tonlalit Miullifakt.
sonilna. t'loudv nnd tnfdrr tonleht.
nllh nilil mnr nnd nov nonthi lliuri.'
dj.i. tulr.
CmCAOO, Dec. 12.
There was n fc-ood demand for May ,
oats today and tho volitmo of buslne-n
was larse. Larly In tho session offer. '
'.". .: I l"B--i wcro limited, but later commission I
,,ni- "i i I h0Uf'C!' ''old nt tho hCh Prices and local
,.' i? ,",ar, nIso supplied tho market, which
0.i', 100'i lVa limp
it' Ti ' Profit-taking was Indulged In on. a
:i. 21 1 'afC01- sealo and this nlso increased tho
'"i- "i: I supply ns the higher levels wero reached, I
S7l 2H 1 1)Ut t""ard the end of tho session tho dc-1
j' 11. matid enlarged further and final prices
- 'I'.t PAnl.nt.,.1. l.t1 .....- . ...l
Gt . ni" - uku.,1. mo uiKJivni. vi 111c nay. ri ncro
lota
12
42
.VI a
7S'.a
70 'a
fio'.i
sou
IS
A.)
dK
70 'i
OS'. a
9(1
36 Vi
40 'a
SI)
20
1! - !i
42
r.3i 1;
7Hi li
so
Ilflli 3
ni i;
III '.a
f.3 '
p n;
,0H in
I Sales in Philadelphia
Nat
Illcb. Loir. Close. tbe.
75 Drill J O 18 IS 10 ..
jOTrNJ ooii i'.4 oo',4 I
C'Slvlco Stor 40 47 47 2
SlOKrla .... 14"i 14 It '.41
Ins CSA .. .. t54?'i .. I
100 Key T Co 9 0 0 C'a '
83S Lk Sup 0 It lo'.i 10Vi '4 '
lftOLehNav. 87 8S 1
UJI.eh Vol. 8Ji)i 82 C2 1 j
I Mlnchlil.. fil'i Bl4 r.l',4 14
1 on Nov Cons is is is ..
73flPcnn 111144". 43' 4t ..
to Pn. Salt., us ss sr, 3 i
20 P Sz V pf sk ns 3s 14
Phlla Co f25
do cum
pref f29
SOB Ph LleC. 23 24',i 24i U
133SP UT to 201,1 23Va 33H 14
779P.ond .... 07 CI-; 03S l'.i"
4 10 Ton Hal. 3,' 314 3V4 A
Ton Mill t" 1
filS'Un Tiao 39 37i 3S I 1
Bout Ce I... ooj; BS'i flsi !; ,
9 t'n O .VJ.205 203 203 7a,
7i2SP S Steel H3; Hl"'t R21A 3
vr n-Sz m .. .. -tM ..
SMV .t & S 434 1314 43i ..
SOU' Cramp 72 72 72 1
itjtiolallon plcn Is yesterday's close.
I'.t dividend. 1
SEVERE LOSSES ARE RECORDED
BY STOCKS ON LOCAL EXCHANGE
Rapid Transit Certificates Lead Home List and Lose
l'u Points Storage Battery and Pennsyl
vania Salt Suffer Badly
Tho activity nnd weakness of Ilapld'
Transit trust certificates was the featuro
of trading In homo shares on tho Phlla-1
delphla Stock Kxchango today. Other
prico cliaifges ucie generally to lower
levels following tho break In United
Slates Steel common, which camo on tho
local board after tho pevern recession
In that stock and many other leaders
in New York.
After Ibis selling wave set In tho nt-'
tcntlon was turned from tho Transit!
certificates to Steel nnd railroad shares,
n which thero was heavy selling oil thai
big exchange, with tho result that the I
turnover of the homo shares was light
lato In the day. However, n los of
l'.i points was lecorded by tho P. It T
certificate, which .nrried them down to 1
25,i, tho lowest prlco at which tney
nave sold for somo time,
Klectrlo Storage Uattcry was also
under pressure, nnd declined" two
points, while Lehigh Navigation stock
lost the suue nmount and Lako Superior
Corporation dropped n half. t'nlted
flas Improvement was unchanged but
fractlona" losses wero marked Mi
ngalnst Philadelphia Klcctrlc. Tonnpah
Uelmont and Wlllla mCramp. Steel ,olit
oft to 81 "? and was moro active than It
been for somo time. Pennsjlvnnla Salt
dropped 3 points to 80.
Pcnnsjilvatila P.allroad dropped to it
new low record prlco of 44, vhlch waa
a llttlo nhovo tho low In Now York, ami
Heading lost l"i points to 04 "i. I.ehleh
Vnl'ey dropped 11 dollar.
Liberty Ponds were Inactive and most
sales wero at jeslerday's 1 losing quotations.
13
X
III.
I9'.a
3d
(iO; . .
8S 3
10 I
37 U
for Government
wero reports of buyltij
account.
The high on December was '"ic. the
low 74';p, nnd tho closo 73"si5('73"ici
compared with 72"ic, tho final quotation
of yesterday, Tho best on May was
72'.'e the bottom 71e nnd tlio final
72"i72'io, against 71io, yesterday's
Inst nrlre.
4ii itt, ' Trading was small in the corn market
" na-iil .-tAn t.Al.t ...111.1.. ... .
13T; ," p..vv;i nnu wiiiiiu narrow limits.
su.i. ,,. Sentiment was mixed, but was held to
..' .'. some extent hv tlin nfllnn ef ili .v......
. "-ia:,.i. j. : J.v : ' ....... , i., rirruaj iinia rnr iiim we.
IC ;, j ket for oats. 1 ho -ish market was ame irriod Ian eek. Jt3,3(i.
.,i,'',., !ll. 11.521 lmrf. rofnpnrrd nltli
S3IH linre lolrrtluji thn fnr (I1I1 week.
Si.o.3 harei urae period lat vrrU, 10.I5S
hhare.
IIO.NDS Net
... . , , . lllrh. Low. Cloje. chse.
sooo Am Gas &
Lleo Cs 83 s;i(, S24 14
2000 LIco & P
Tr 4s.. 72Ti 75! 73U '.
300O Key Tel
1st Cs.. 00 90 00 211
1930 Lib Pond
3'iS .. 0S.S4 0S.20 08.24 -l-.Oi
2050 do4s... 07.00 D7.20 07.30 .20
200 Nat Prop
4-Cs ..13 13 43
0000 Pa Co ens
I'ja'CO 97 97 97 1
louuo do temp
ets4'is 90J1 !); 89'i !i
20300 Ph Lleo
1st Us. 03 115 03 u ..
1000 Heading
gen 4s 83 83 3 14
VALUES GIVE WAY ON THE CURB,
WITH OILS THE WEAK FEATURE
Price Changes Less Extensive Than on
Exchange Nothing in the Shape of
Forced Liquidation
Stock
Ti-lllll nt. Lts1 'UtA rnmnirtil utlh XfM..
1541 -it.lfnJ. tlniH fur tliU wftk. SrG,:t0:
ho" 11 t8tronff H'1 frmall rccciitH and proj-ports I
' 4f 4 aVt4fBttAl 1tftt . AAm. a- 1-..- .
S11 3 "fc vvn.n.iiiu ubiib muu-uH'iiiH Because or
5;a; 14 1 the continued cold weather, which Is
(ini, 1' .expected to continue for several days,
us. !' . Husiness was light In the market for
j .."provisions nnd. as offerings Increased
.,,. ,. i laler today, rcressloiis In prices re-
I.' if ; suited.
The high nil January was 51.31 ej, tl.e
91'
$1.21 and th closo $1.21 a; hid,
Choice aloc!c sold fairly and Tn. of
..vno..d ..! I.itt.rln.. u.r. liml., I1r,nr
V '"v?2. .Minimum prlcjai ",,,J..x9-.:',-.!-;2i ! Quotations: Apple-., pt IiM. .Tonathun. S.1
do, No. 4, $2. is: do. No. B. JiU "B?'! i. Klnc. SIU3.GU: Northern Moy. !3.60i
arado. S2.0l?r2.13: port. No. .1. ..iv; uo. r -,.. n.-.niv,in 1 v, r. r.ti iriihi.r,utnn. i '
No. 4. $2.10; do. No. 3, 12.13; ample 1 -jjiS. ,rr.nlr,if; sua ii; ii.iUwln. M.siifJ , Greene Can Cop 3ilj
. .ii.iv.7i r,M..-nniv to t,p tr-1 v..7"i-"u"j;.";'r.v.'v...a:,s.;"-.v-. ..".",""' ii
- i,i L. t .."....-' .,:.1 ,' ,,,. ,rL.:, ..inrrnvi c.ww.,'", in.ift ...,n, v..,.,, i,.uw, ,
iiuN 'Hm in oinrr nmmin nt .c ""--! f.'.r.uii 4: vork imperial. l.i..l non J'a-
i r;, '"ii i-nouan io iTurruni ... ,,.' via, 9304. Apple, vpplern. per pojf
i prlrp eontalnlne jor.athan. Jt.7u2 23: Wntpr llann.. $1.75
.13.!'.J!!'T, ",v ' "-I: Sp!t7.enbtr. Jl.C0a2.5O: Htm" llPauty.
No. .1 rpd, .-3' ,si .r.OM2 .bii; eiicIou. st.r.nr'j.73- ICln.
No. 3 wheats Matlmum
13.1 rr rent moliturn to
molalura. 4r llndep TCn. 1 nr!
rwo. ;i port rI. 52.21. Jlaxlmum price con- ,..., ro orllev. Sl.r,(l!?2.'jr,: Htavman
lalnlnw 13.B per cent to II per cent moiiiure. wincsap. 1 25StC.10: l'evrmaln. 51.751
Be uad'r No. 1 or No. 3 red. S2. . No. a i , x,wtown jippn. t.ri(82i lllla
toft TP'l. $2.20. ,,., I Pleur, SI 23 SI 2. Cano. $1,236(1.75. ApPlS,
No. I wheals Maximum nrleo Co under arl)). mmper, AOcOSI-SO. do. do, per
N. I or No. 4 red. $2.21, No. 1 sort red. ,.!,,, haaket. -jSo'iifi 25. 1,-mow, per
i. . . . .it hoT. $37. Ilananap. per Imnrh, H.25W1
No. 5 vhpata Maximum prlea eontalninr B0. oraneea, Callfo'nla. r"r .ot. $l.r.0M
not over 14.3 per rent .mo Pture. J.c unfler 5. f, t,-ori(1a, pr bolt, $l.iW)f4.50. Tan
No. l or No. 3 red. 82.21: No. 8 aott. ,-'"; Uerlnea. Florida, per atrap. SSnd. Oraps
Matlmum price containing liot nvpr 14.7 per frult j-jori,a p.r u,x S24: do, Porto
itico, per pox, 9'rj.i. 1'incarv i-oriw
Illeo. per crate. S3.23fii(l. Orappp 'fort.la.
Tokay, per crate. $142: Uo, 1 I.ilamn,
Haskell Sz liar. 20
lllnois Central. 00
nsplratlon Cop. 4l'i
13Ti
19Ti
31
21'.i
SI
3ITi
sn
23 U
3H',i
S3
2S1
SSta
30"i
l on
IP.i 3!i
lnr'.i in?
"'.i I7U
01 Sd'i
- invi
Hni. i
.'" ,, comparou wun i..-i'i. tlio nnal quota-
ill- "J. t,on of yrtenlay. The best on May
.... ' "" a was '-li,,. fl'o b&ttnm $1,191, antl tho
"" " - nnnl St tr,a: nr"ilr,ct 1 inif. ..AnAK.
-1 a ri.-iv's l.TKf nrlrr. '
Lendlne futura luiured as foliona: '
Te. i
Low Cloio cloaei!
'
IXACTlVi: 1MIILA. STOCKS
Pnllowlng nro quotations for Innetlve
Fl-jclts listed on tho Philadelphia Stock '
rxchango nnd In which thero were no
transactions lodny. Tho prlco given Is
the last previous close:
Am (i.i War. .. m .h Val Trana 27Vj
.incr Mm .... in ;h val Tr pr. .i"?
Am r.tor'a .... 32
m fiores pr. . n J
Hun k na t so
Ilult Hua pref 01
(.'am iron 43
warn Bleei ....lis
T.I. llrn
l.lttla Hchujlhlll Jf I
North Cent .... 77
Phlla Trac .... ivi
llwy Co (!n - 4'
M
r-
liriett Oil & Gas Company
Producer Refiner Distributor
'fjtannery or 2000 barrels dally ca.
pawlty. 103 tank cara.
"Own Plpa ,lno Jrum wella to rail-
t4.
' Dlstrlbutlns stations.
Placed on quarterly dMdcnd baal.
Pajrablo Jan. 10 37. and 31 eitra.
V Paid 237. dUWend last year.
'' Actlva dally market (at around
E.H. CLARKE, Inc.
, ' SIOKTON B. AU-XAMHIK
tneaiaani fartneri
I'hon 1149 Hprnrpj
1 Rtvrk Kxchanse Uldf. Ihlla., l'a.
97 'William nt. New York iMtv. I
cent mnlKfnfM. 7i itn.lee Nn. 1 or No. u rea
$2.20: No. 5 soft red. $2.18. Maximum price
rontatnlnir not over 13 Pr tent rtiolsjure.
So under No. 1 or No. 5 red, $2,191 No.
aoft red, $2.17. . . ,
Sample wheat Handled on merits, hut In
no cn.e .hall prlco bo hlaher than 4c under
No. 1 of tho aubelan rppreaented. ,..,..rf
Bmutty nheati Valua phall be determined
vy cicn aampie paiia oi io viar .. --- i
Claap.
,-,nv t .... n.,B i...V. Thr was
not mueh corn orterlmr nn th,apot an'','1
wa Imooaalbio to ascertain reliable quota
tlona. We quote; car lota for local trade,
ns to location Wetvern. Nos. 2. 3. 4 ana
5 vellow. nominal. t -- . .
OATS ltpcelpta. 70.307 bush. Orterlnrs
wero llelt and th market ruled Arm and
lr higher. Quotations: No. 2 white. 68 ij
80'ic; Ptndard white. SS'i Re: No. 3
white. K.ies5ic- No. 4 white, S4Vi i(tS.ie.
,.....(..-?-.-.., .m nnA tv.- In Martin.
I Ppot eoodi wero steadily held. Inquiry for
1 shipment was active, but mill offerings wero
HElll. quotation-, per llu loa. in w,. .,.'
ler stra
til. 75 Q I
sprlntr. first,
..i ;. '-.-..-. . ii e.".Ml.50
sorlnc patent, mill shipment. JtOMJflO.n..
aprlmr, fsmlly brands, Stt STll.n-ti . ,clti
mills, nholin and fanev patent. $11W1-Si
'rity mills. reBular trades, winter stralsht,
I Jin inJ in.25: patent. II0.23ff to.uO.
1 ItYK riAifK soil slowly at former rates.
I Quotations at ''J.50C10. ua to quality.
S PROVISIONS
,-e rrat.. Si . in ft 5.T.0; tin. tt- lUACAtel. TW
crale, $!.;; 1.7.'; do, do. Umperur. $1.5oai
3: do, do. Cornlchon. per crate, $1.50V
( rnnberrles, Jersey, per eraie, ?j.ou'jj'
4.50: do. do. por bbl.. llojTin. btrawber
rlcs. California, per at.. 20&3UC
VEGETABLES
Swpft potato were in fair request And
ana In a tthndi nrmer. Othr ejretMblfs wero
ftencraWy quiet Pt revlid rrlcc, Tho re
rent freo In l-'lorlJa rauMd .1 centrally
firm f-Pllnc RnJ iomn Kinds wero hlsrhr.
Quotations; Whit a potatoes, Jerwv. p'-r -i-bush.
hiPkot, .-.3 lbs. So, 1, TSttOOr; No.
'J. 401Ti-J0r. Whltn tvitfltoe". per 10 lb".
ivnnttvhanltt. tl.eo&S.&O: Nw York, tl.M
Uij New Jr)iey. I1.S0O2; wcatfrn, $1.H0
S. Hwwt potatoen. Jerty, r f -b'.si.
b.iVtt, 3 J lbs. Houb wcrt, Sn, 1, 00 w
1 !. , ,U Va ?ftA Kt, t V appi tin All NTn
1.' 75nJt; 'do.' No. 2.' DOfRve. Sweet ' Nat Coil Sz Cab 22Ti
potatoes. Jersey, per hamtwr No. 1. fl.73 Xit Kn & 5tpd 331
per bunrh. IS0S3e. do, do, per crate, I2W -yW J-"'d ... -t
3.50, I.ettwe. New York, per crate. ."0cti sv ('"" Cop. IStfi
N V A' lraUe.lOH4
N"ew Vi. I: Cent (lfli
X V N II .- If. 20
X V Out Sz W. IS
09
SS',4
33i
do pref
Int IlarofN' J
Int iler Mar.
do pref ....
Intern! Paper.
Int Nickel .... 25 &
Kan City S. . . iei
do pref. 4dii
Kelly Sprlntr... 3Si
Kennccott Cop. 2a4
I-ack Steel.... 70
LehlRh Val 82!i
I. & M T Co pf.lOHi
I.oulsv & Nash. loo
Manhattan 11.. 07
Max Motor ... 23
do 1st pref.. 82
May Dcpt Strs 40
Mcx Petrol ... 7l',i
Miami Con Cop 20V1
M Sz St L, new. 7U
Mldvalo 43 i
Mo Kan & Tex 4
Miss Pae .... 22 i
do pref 30
Mont Power . . (it
121-;
Sin; in
airi ,
SI "ft 3
2sn i
31! z (i
S3 I
2SN, -4- ;
Sa ll,i
Dilti ..
(' '.i
39i 27A
107 I
2K.I
Open lllh
torn iitew uenvcry'
nee ... 1.-J4H 1.24 I.S4Jl.S4i 1.24U
-Tal... . 1.2t, 1.21'i l.L'l "M.2Hjl.2llJ
Mav .. 1 l'j 1.10't l.l')l,tl.l9, 1.10IJ
Ile . . Tl' 7'.; 74H 75'i
.Amy. . 71",
i.aru
Clen Asphalt ... 14 tt H Bteel pref.l'1"'
..en spnair. pr. ne, Avest i;oai .... ..
b'!. T' pref... " York llwy rf. . 32
I. Nav rls 1st pf VO
Ni:V YOllIC, Dee. 12.
Values eavo way on tho Curb Just tho same ns on tho Stock r.xchaiiBO.
but tho prlco changes wcro less cxtcnslvo becauso of tho fact that few of
tho Curb securities nro carried ns collatcrpl in loans, nnd thero was noth
ing In tho t,hapo of forced liquidation except that which camo from de
pletion of margins on Stock KxchaiiRO accounts.
The oil pjroup was asaln tho weakest feature, with Midwest dioppliiB
from 102 to 01. and .Merrltt falllnp; from 19U to 1""J.
Other oil stocks showed moro moderate losses. nmoiiR tho sales being
Oklahoma at C, Osago at C'i, 1311c I'aMn at CU. nVid Cosdcn nt C'i nnd dj.
Thero was llttlo Interest yhown in tho war stocks, n few thousand
shares of .otna Explosives belnrr traded in nt to 8.
1,'nlted States Steamship wiih fairly well held. H'lllnp nt 5'i and B.
Cities Service also was steady, with sides nt 205 uml 201.
Thero was only n small amount of tr.idins In tlio iilrpl.ine stocks,
Wright-Martin iclliuc; nt Ci nnd C,j and Curtlss ut 2S. Chevrolet droii
ped from OJ'i to CO. United Motors sold at l."U to IP,.
Mlnlnc; stocks, while lower, showed u steady tone. J'i&r Ledge, in
which thero was pool activity yesterday, reacted to HU. Magma sold at
3D1,', and 3D, and Xlxon-Ncvada ut li.
Thero was marked improvement during tho day in Kusslan lionds, the
C5s advancing from -10 to 52, and the 5'is advancing from 3C to 43.
74U
71".
??s
2l"a
1Vj
40 n
38 54
29 S
70
sm
io in
ne..
Jan i,4.(12
Mav
Itlba -.Tan....
2100
Mav... 23.13
I'ork
sua-. li J.m.. . 7.tiu
""" V Mav . 47 nn
22 n Ilwl. 'Asked
Wi n
131j i
4on i
3', ..
29K i
SGK I
f.lli I J;
101
J24.77 23T07
24.02 21.27 24.35 2l,02
21.35 24.C5
23.00 21.70 24.07 23.02
23.15 24. 5 21.87 25.13
47.00 4 It. 02 40 02 40.90
47.00 10.00 t40.00
I. JNominai.
Local Bid and Asked
INl,iTl.iI.S
Hid
PRESSURE IN COTTON
SENDS PRICES DOWN
100 J-i 100
Denbigh Silver
,'.S Order executed, either for cash
?Ver Upon A ronaervatlvn tnarrln nvmw
ftow private wires to New York, and
...Boston Curbs.
IvG. W. FIELD & CO.
IW
itrucn Bnl O ' V.t. RasIsh litnt
MINNION STOCK tlRUKKRH
CIIHA.XUK IILDO., flllLA.
II. do. riorlda. per liamppr. SH(1.7r.. do.
California, per box. 12&2.75. Ciiuliflower,
Iinc Island, per box. SI.23QI 75. Urns
sela srrouls. !.on:r Istsnd, r-r fiuart, 12 W
20c. AValorcre., New York per loo
UUH'Hr". . W ,.W-. ..tal'l..,!,, ,'.V,...,d, ,'.. , . . ...
box, $3nr3ii. fitcumbcrs, riorida. rer,.orr A: est
hamper. I3W3. Splnn-h, Morfolk, per bbl , Northern Par
VJfi i. Iieans, Klorld.i. p c hamper, J3li' nhi r-
5.75. lVan. riorlda and Virginia, perl""1? uas .
V . . . t ... liMnill.T. 4)OIii .m. J ryy'iM, I IOIKU, Tr J ailIKi a'l.lll (
Thr" -mi tv flr jobMnc Inaulrv anaa.ufl crat t?,rai). Toniatot-, FlorMj. -pr rrute, i TVnnM n f
a.a. ...JII.. i.-l Tim n Ilrtffl t Iftll M ratir'U . . I T.ipnlp.a i e A 1 e. as. , 1 1 . n a. 1 - '
" r t rr Hl H1J i(x:s "' Mi.-... ...--- - - Ji . 41',"P .o I I n'ilPl II UtUI'4r "'
n iuiiunn xuitjr i?"-l( ....-. .. - ,,
r-dri-d. S.1e: Mfrnr. in ... ?no's
ateaHlly held. Tho quotations rana-ed l yoW I
llowa- City beef. In sets, smoked and pr )
per ton,
$:ift40.
rer 100
SIWII.30.
ILSStTS.
33c. city and western beyf, knuckles ann
tenders, amoked and alr-drled. 31c: beef
hamx. $43: rork. family. $310"i'; hams. .
P. eared. Ioo.e. 2'x 021'c. !. 'h.tjr.n-d.
-- .!' ne.. J. .1- -ns.tr. I ? Cfr2";
AWltt'At. CIXCTIONS
THE NINTH NAT10NAlT5AJ.k
Philadelphia. December 12. 1017.
Annual Mertlns of the Stockholders
r-12"- .,vv '. r'rcnon in uireciors
held at the Itanklnar llnn.A nn t..-.
sniiarr Sth. IBIS. htw.n rh. hn.,-.
ITB o'clock noon and 1 o'clock p. m.
. 'JOHN O. HONNllllOKN. Cashier.
MMtXTOUY OF ACCOt'XTAMS
OMWB Iv W.lun f. T a
VJJth floor, Ileal Ustate Trust Bide.
'aauao 'AJt nisruRTa
?IONEY.LENDING RATES
W YORK Money on call opened
- per cent, high 6, low S. last 5,
I titoM, ruling rate 6 per cent.
Alng bankers report a fairly active
ess In ellglblo bank acceptances at
"Vr cent. Commercial paper is dull.
MM to fi per cent.
,time money there is continued In-
and a light demand. Lenders
(til conservative ns to offerings.
tin on an industrials and good
I securities rule, unchanged, ut EU
I' per cent for three and four months.
is continue to educate sellers of
ci paper loi shorter maturity.
iDELPHIA Call. S oer cent:
BIH per cent. Commercial paper.
to four months, EK 95M per cent;
ins, ft W7i per cent.
.'FOREIGN EXCHANGE
TORK, Dec 12. The foreign
t market presented the familiar
'animation in the earlv deallnrs
MUKt, beyond a slightly easier turn
en and Italian exchange nnd
in pesetas, thero was little
at.
atlons were:
Mtd terUns; M5.WI, cables
If. ality-Uay- bills nominally
fi-Tl'.j. ntnety-day. biiu 4.SSU
aewlM',S.71 S-lt, checks 5.73 '-i
Qaalln ,.'40. checks 8.42.
I f,UeJrU.to'7.rox"raV $12 per eaj.lflr.t- .11.10
b.,i;4r.Pncy ffilVnSi Wr.UV.'&lB.s
64 vn.e per nozen. . . ,,-
CJini-sn-prrerlnaa were rnodwte and the
market ruieo sieaoy. uv Vi: tvS fuli-l-.v'TlS "tern n t rer na 7 7s
Pollowtnir are nuotaHona: New Tprk. fun- )1)()ftrt ,nt Mcr Mr 0, Pnii sin
eream. fancy. June. 1', ""J "' 2g' 4000 Int Atr 0 WiJ 0(11
do. fresh-msd.. best. 22.23. do, oo. "-.ono Japanese 4a ... on' no
freah-made, fair to eood. 22e2-,e. 40oo do new a- a 4V4a 73 75
4.1J. checks 4.35.
1 cables 44. checks 4SV4.
I C4l)la 24.2E. checks 24. If.
HHvheoks 13U.
caetee ao, cnecxa 39.
i oaoies ja-i, thecks 32;.
fa cableu 3:i, checks I?.
IKJNGS
1 wllh oorre-,
other hams, amolted. city cured, aa to brand
ond average. 2'j wsoe. bams. ,"""?
western cured. 2u'.4W3nc; do. bolted. boi
les. 4tc: picnic shoulders. S. P. cUi'it:'
loose. 23e: do. do. smoked. 2Wc; Ixll;.
In pickle, according- to averace. loose. 33c,
breakfast bacon, aa to brand and av erase,
city or wcatern cured. 30c: laid. J"lrj'
refined, tierces. 28B2S'-,c: do. do. tubs. MW
23Hc: lard, pure city. Uettle-rendered In
tierces. 280286; do, do. In tubs. -8
2Si,c.
REFINED SUGARS
Th market ruled steady on a basis of
8.130S.35C for utra fine rranulated.
DAIRY PRODUCTS
mrrrnn Outsld' advices wero .hleher
and I th i market ruled firm and lo hlaher.
undPr a flr demand. Quotatlona follow
"ve.urn. p'olld-packed jream.ry. """, "'n4'gi
Mah.soor nB sooda. 5t1r52c; extra firsts. ts
aei nrals, 431470: second; .41 13c:
cr "mery h.li Rood lo choice. 44 f' ;
ordinary. 40it42-: ?"Sitinl''-54o-
averare extra. 51853c: nrsts. on.oc
ieconds 42343ci special brands Jobblns at
03KCVOH The market for fine npyljM esga
ruledflrra and Prlcea advanced 30c per case
iinder llaht nfferuias. Quotations: Free
c's-.'VX nearby flts.V"0l 17.10 Pjrstsnd.
ard case: current receipts. $118.50 per case,
?&J"nr.W lie.80Ol-r.10 per case: Cists.
ainr.n ip rase. wh;uiiu. .. -
pr 10 lbf.. .10c W II. CftbbJtrr-, lo
pir on, fx2o', do. Hatitnh, fd( itr ' P,
t:ffT40. Onionj. New York ht wttfr
uMr-m, infr 4-m, i, . -; ". - i
jiumirpoiur', rn-r t,u, u-j -.;-.
Phlla r0
vr.rsz ut i..
IMtts Sz West.
Pitts Coal . .
44i
23
511
20ti
l-l'.i
5IH
97
21
19
4 II
71
20
714
40
4
21 !A
3S!i
CO
21!i
32
4ft
17'i
99
ni'i
27',i
17 Vi
95 M,
7n
aa n
24-;,
43','j
23
no
20
40li
74
X, -i i Heavy Selling by South and
3
2n,i 14
49 3i
40 14
7 I 2 fl
(l J. (
Unfavorable War Rumors
Weaken Market
Atiur Stores
Ilrlll. J (I
Uuft tt Musq t c . . . .
do pref
thildnln
Kleo Htoraso
(kn Asp
do prcf
I'eystnno Tel
do t c
Lake superior Cp
l.eh Nav
t.eli Valley
IVnna,
I'hlla T.lco
Phlla Co
(in fi p e it
PIITlo
Heading
Ton llel
Ton Mln
Union Trao
u u i
V Sleel
York ltuv
do pref
W Cramp a. Sons . ,
ro.iiiv
Hid Ak
3u
If!
(;n
40
r.'i".
4im
II
r.n
31
17
111
411
no;
47
15
Vestcrday
Hid Ask
30
10
r.i i
17
52
(
14
00
2 'i
II lo Utt
no i,3 on
loi j in"; it
5S 3K'j r.s'i
r,i(. r.2 r.2js
43 41 43
241. M,tJ 4,
2Jlj '.'5',a 25
2. 30 20
25 -J5I1 l;nlj
t!3 03li t)t;
3'i 3ft SU
4. 5 4.
37!i -IS 4(1
115 05'. HO
hJ e2'i 5'i
.10
71
II
32
30
71'i
31
17
112
411
52 M
50
15
52
111
113
11'i
50
53
30
ti4
4'n
-!
!l
32
73
in i
ii i
41
4
21,
Sa'.i
00 j,
2t n s
32 I
4i n sn
17 Tj,
89 V4 in
'.! 4- 4
27a i
17'i 1T
!i IV.
80 51J
3 Mi t
COTTIIN' IIKI.T WI'.ITIIF.K CONDITIOXS
Mill' 10RK. Dee. 12. The foltovlnr
leniueraturea vera recorded In the cotton
belt IhU inamlnst NuMhllle. 101 Mem
Phis, 12i 1'nrt mllh. 14: Little Itnrk, int
Oklahoma and Akheillle. 78 Rslelah. 20i
Hhreveport nnd Vlrksbnrs, 22 Abilene,
Meridian nnd Atlanta. 24t San Antonio,
2A 31aenn. .nuta and tVllmlneton. 2S
lllrmlntham. 30i nnUraton. Del Rio. Mont-aomerj-
and rhlrlestim. 3I Mobile. $i
rensanda nnd Savannah. Kftl C'orpns
Chrlstl anil N"er Orlran. 40i Jarkaonvtlle
nml Thomn.Tllle. BOi Tsnipa, 5ii ( hat.
tjtiooea ami finnxillle, 02.
..There ;u .00 Inch of prectpltalktn at
Utile Flock, .10 nt Memphis and Wllmlnt
Ion. .12 at Macon. .22 at (ialveelnn. .24 nt
Naslitille. .73 ut Amrusia and .30 nt
1 Ivhshurx.
New York Bond Sales
lllch
Ji02n Ar Cot fill 5a.. S2
inXn.l nalo-yreneh 5s.. 8li
'JoXX ner Hide I. a 08
0000 Am For Hcc .Is... 2'4
"0 Amer Mm I- It 5s M
Ii22! -A.mer Tel 5a .... 112
2SSJ -mr wu pp b i
8000 Armour Co 4(4 s.. 83
poo Atchison gen 4i si
tono do cv 4s tono,,. sa
7000 do cv 4Ss 741!
5000 Ilrook It Tr Os '18 ns'.i
liono Iiordeaux ........ 75
Xa n " uov bH 10-0,. 01
IjOW
k2
83
US
014
H4
Sits
UO
77
1-3
Sl
S3..
7l(Ji
74U
U3U
0'1'i
aSi-hSsrrShfoMa-fr-' i',
3ono onto joint 4a. 3I
!J2"2 CM It Pevt 5a. 7
1 ?25?2 3 " 1" - '"4U
5000 do rfd 4Sa .... .i
12500 do rvt 4Ua .... 70
100O O It I 1' rfd 4. 01
2000 do 4s 7
1000 City of Paris Os . 73".
;o.".oo Cnn (Jas c;t Bs... HHif.
O.T.i
7
74
05
b!i
01
70
73'.
Ull
I do pref
Pullman Pal C.lll
Illy stl Rprlnic.. 401;
Hay Con Cop
Heading ....
1 do 2d pref. ,
I Hep lr Stl
Royal Dutch
."axon Motors
St I. Sz H V. .
Seabrd A I. prf 18H
Kear3-noebuck.I2S
Shattuck Arlr. 17n
Sinclair Oil .
Southern Pac.
Southern It It
do pref ....
Studebaker ..
Tenn Cop & Ch 12n
Texas & Pac IS
Texas Co ....1324 129Mi 120
Third Ave 11 Il,15t 13 13
1 Tnhnrrrt Trnd.. At An An t
!;?! I Union Pao....l08i losn loin 24
?i (Alloy Steel ... 3 S5-)i 36 ..
73'i l Pn Cle stores. 8S',4 82 82 l4
I1S4 112 2 8
Closa
82
83
tlH
Si"
oHo
77
83
Si
83
70V4
i'C
.5
ooh
oo
7H!i
50
0.151
72
74
03
21
7H
33
73
07 H
7
18
58
804
23a
S3
4!
sin
4"-A
34 54
OOai
CO
0
tan
1851
28
78
m
33
40A
11
14
isooo 7ubn AnuS'-i;: ,nS.. ,o United Fruit
ijooo cerro de Pasco s.i3 102 lOi IISCII'&K II 1054 1054
3000 Corn 1'eml 5a 34a! IMI',
'-""' TI1 K 1110 i,r 4.,, .11
inooo Krle cm 4a Ser 1) T
11000 French Itepqb 31 . it,
2000 (Jranhy 0. ..... nt.
1000 111 Hteel deb 41. a N2.
sooo Irterh n T ref 3s 70
ll'
.l
42
III
tint;
S-.
POULTRY
i W' "il",.l...'l!.i!2lSr
Roosters. 18c.
aeeoraina: w qul irw
Ducks. PeWn. 2ta3Kj 00. latiu
nnnner. 20O3IC. TurasTS. .1 e?J- -.,
r pair, well
3OB0CI amaller
elan-all.r
IWC w.a
undar moderate cfferlnsa.
aa to qualtty. iPJi'-
pr
24c.
4t28c. Oulneas. youna. Pj
r r i.am-s itiss nifct. iu
iifea KobOe: e. eld. Per pslrv we5o.
Piy.oni7 old?p.r Valr.-S4:fc: do., ywn.
""DnESED-The market for , nne dealr
.I.R iid atock ruled firm. with, demand
reaa'uy abaorblna the limited ott'tlnf. but
prin-ft. "U-V-. sin freih-Ullld. WMteftl,
. "- .-- BSaAB-.. .! a-
rai.rr, i"M;i , , l
IOI"..
rv-
. -fl2Blt?t
""' -T-IZA
Ufu'ai
.loII;".-.?,Lr. '.u7.. rfrv.nleked. ane
smte.
pl6C.
I..' .tsr-nlnsV ei lhs. a.CleC. lllO
c.'. .7 s nat.e ntKlnas
DlffCVs V wsmHHisj a
!.: .mlufr iSm. 2l25c: old roofttr.
?7JllriSi.';Blece Jersey fancy.' a9ia.l
vSilnls .fancy-. SO He; ether "",-L-
& weittrn. 3BWBUC, o-rmsi v?"'"!
"iq bow. wtUhin-r 4H Jbf. and
"""'li-Vi nTflitft watfarhlnr 4 lbs.
I TOL... 6 do. Mttrn. In Gbt.. wlrhlnr
v "bai uraarsi ninrr
lbs apiece. 23o. Chck.os. western, weiiu,
ins 5ft lbs. aplsce. 2Sci do. do welshins
ViIiTlbs. apleoe. 2l22c. Ducks.nesrby.
"3(2c' do. weatsrs. ; weianina 10a. ana
over. )si3SSet do,di. smalUr slsts, 21c.
anoo do new 4 Ua ..,. 00
5000 1, v en N V 4Hs 00
22000 1,1c ft M T 7a...tlO
8000 Ixrlllard 7s 1005;
-IvV'J M5U1 Nasn 4s. as
tin
(10
M T 7a. ..110 110
H I0?5i
S3
l'
03
12
H I U
nil 1 J
OOlI
no
75
no
00
no
1005
"0
252J22-IJbS,'tJ.Jlon, 8Hs' 88.34 63.48 flS.B
XMSSfrO da 2d 4s 87.48 87.32 07.48
73
73
a4
054
7... 74
73
63..
t.a;
82
87t4
87
ii
87'1
825i
Ut
1)0
wi";
2S
3
73
854
82
s
JJV.
87U
8254
ni
00
.28
93
104U 104'l
04'1
23000 I.vona Ms
17000 Marseilles 8s . .
62000 Mo Pse aen 4a.
T00O K T I! H , OO'
2000 NYC ft St 1, 1st 4s 82
1000 J4 Y City 4s 1037. 874
IJOn do 4s 1830 ... S$
1000 N Y Rwy ref 4a, . 401
13000 N Y llwy adj Ss.. 18
1000 N Y Tel sen 4H. 8751
43000 Nor Pae prior 4V. 82!f
4000 PacWa Tel 3 t
3000 I'enna 4a 1848..,, DO
S8000 da aen ct 454 a.. 0011
100O PCCi8tL,4Us Sr A 2t
1000 Itasdlnr cen 4 S21
28000 Rep I ft H Ca 03U
5000 II v Stl Hera Sa '21.104'
3000 8t A N P da 10SU JOS'. 103'
1000 St I. I II ft 8 4a.. Tltf till 71'
12000 8t-I. ft 8 P alt.. 68 675i r.7;
jiuw o rer a oa r, ne
.auuu reaora a u acj &a 4sia
15000 South Pso cvt 4s.. 73
S700O dp cvt 6s 88
1000 do rfd 4s ..I... B454
4400O Svutn llwy gen 4s 0852,
10000 do con Cs...... 82
2000 Tol 8t Ij ft W 4s. 43 .
2O0H TI H (lovernraent,, na
48000 V H Rubber 6s... 75
1000 do da ,,., 100
8000 tf H Bteel H F 6a.. 07'4
1000 Union Pao rfd 4a. 77'i
8iwi u K ct u 11 t 1 Ss oat.
13IIWIO do 5U,a 1018,,, 01) (j,
40000 dj r.tis 1011). ' 114
182000 do 5'i s new 151D 08 .
41000 do C5as 1821 , 8fti
4000 Vs. Jiiwa 6s .!!"'
IHNHKWCBC IbieCiriO , P
' wsi yrew op -sea
U S Ind A I
tJ S Hnbber .
do 1st pref
UHSi net..
V ft Steel . .
do prcf
Utah Copper.
Va Car Chem.
Wabash
do pref A.,
do pref B,.
West Md ,
West Un Tel
48
73
64 K
aeil
48
73
88
S4U
n74i..r.7"i
02 83
43 48
nipt 0854
745J 75
loo ion
07 . 07
ais tt
t s? rt
!'!..
I3
mi
DO
73 73
3U 03U
fi 8Z
.108
47i
. 05
4354
. "'
.108
. 78U
. 31H
. 8
. 3854
. mi
124
7H
N'KWYOUK. Dec. 12.
Declines of 34 to 49 points were
recorded in thn cotton market today on
Mlh.P lit..,.'.. n ,. t. I..I t... .! C .....
'S .a I Thrt Irifltinficna tr.r, riin.n.. ... .inPn...KM
.....u- ...... ..... u,,,. ., . v. , .ind, via
ble developments on tho western war 1
front and the. weakness In the slock I
market.
Spinners wern buyers at the declines,
but tho demand was Insufficient to abi
sorb all offcrlngr, which appeared to be
heaviest at tho end of the day.
An accumulation of buylr.B orders
from spinners nnd Liverpool cavo the
market a steady opening today at a
partial advanco of 7 points, but offer
lnirs increased so rapidly from locil and
other sources that the option was soon
lost
Tho market showed et-ntlnued nervous
ness nnd Irregularity during the morn
ing. Advances seemed to meet Increased
offerings from one source or another.
Including; considerable selllnc for south
western account.
On tho other hand there was a mod.
rrate demand on declines, accompanied
by reports that spinners were taking
advantage of the dips to buy hedges or
fix prices, and the marked showed a
disposition to steady nt declines of some
20 to 23 points from last night's closlnr
figures.
It was reported around the. ring; that
?11 had been bid this morning for a
small lot of ocean freight room to Liver
pool without seeurinr; space, but there
Is n feeling among ocean freight brokers
that there may he nn Improvement In
the amount of spaco available both from
New York and southern ports next
month.
Test.
close
INACTIVE NEW YORK STOCKS
Following nro quotations for Inactive
I New York Flocks and In which there
I were no transactions today. The price
given Is tho last previous sale;
Adams lltpress.llS Mich Central ..111
I Advance Hum pf 21'4 M St P&.H SS M 83
AUancfi ivuui.. iy aioni tower pr.101
A)ax Rubber .. DO Morris ft ritiea. 80
Alaska Juneau. 2' Morris ft U pf. 1154
Am Aar Chem, .8'. Nat Acme .... nn
Am Aar Chm pf Nat Illacutt ... us
Am Can. prcf. . '.'sN'at ni.acult rf 108
Am Car ft F r.f .Ku Nat Cll: HI pf.tno54
Amer lnrc . -0 Nat Kn I Pic nf 84
'-oi Jf.ov ,?" Stl 83
0754 J T f' 4 Ht IJ. 14'4
r.2 n y nock ..''. 11 H
;t n in m 21 pf sou
An Ice pre:
am irn nrn ,,
Am I.lnsceil Pf
Am !.neo prer. ,
.vm .isiit 'ifi
nlsu
Am
1...
3
30 3
20 Vt
405i 35',
"A
10714 108'4 2i
4054 40", K'.
21'i "4
3 54 I
34 Vi 1
fT4 !H
n
t
1354 -.
isn v,
12484 123" 4
n ms 14
20 2
78 1
21 Ji
53 IVm
4on u
11 "4
13 n
z
.. Ct.tf.e T.r.f 100 J O T.w A. ..- ,n
Am Rumatra, pf " J.,erf tz South. 21S
Am Tob nt new SOS Norf 4 West pf 74'4
Am T a T aj pf 0254 Norili American 43(4
Am T Cable. 53 Ohio Fuel 45"
Asio nt let pf ; ohm t,, .,;..- S
As.o OH ...... "ttt Ontario SlUer.t IS
A O ft W Int. 5f Owens net . . . r.Hi
.ti r-ciKt l.n. S31. lnAm IV nf un
"- : . . . ct t... . ..- . -
Atl Plrm All. -. . -n-r.
...... T .rt n.ef Ol1.. nf ct
"'Ji... rvT tif.108 Peo rl.
Aetna i:pIosles. . . .
Am Hrlt 3Ifs
Amer Ttlnrctinl
Am Writing Paper. . .
Air Iteductlon
Canadian Car Co. . . .
Can C Sz I'dy pref. . . .
Charcoal Iron
Chevrolet Motots ....
Cramp
Curtlss Aeroplane . . .
Carwen Tool
Carbon Steel
Kmerson Phono
Federal Dye
Ifendee Mfg
Intcr-Lubo
Lake Torpedo Boat..
Lehlsh Coal Sales...
Lima Loco
Maxim Munitions . . .
Marlln Arms
X Y Shipbuilding....
Nor Amer Pap Pulp.
Otis Ulcv.itor
Peerless Motor
Poole. 1111;
Itedden Truck
Scrlpps-liooth
S S Krctge w I
Standard Motors ....
Steel Alloys
Submarine
St Joseph Lead
Todd Shipbuilding ..
' Triangle Film
. United Profit Sharing
V S Steamship
! t'nlted Motors
I United Sugar
i World's Film
Wright-Martin Air ..
Zinc Concent
.4
I
3
70
10
"i
88
30
!i
II)
0
SO
15
3
6.1
7 54
11 Vi
1B4
08
1
1 4 54
30
Ii
(111
I
Yes. close, j
Ask (.-Sal.) ,Imvo Sol1,i
n o .
.MINIMI .STOCKS CONTINl'llll
Ycst. close
II
3
3
711
20
47
7!4
111
(il
28
II
78
.'.
20
214
an
02
33
.'(
10
12
1214
in
73
in
1 t'M
35
- 'A
2'a
il
" Independent Lead . . .
Jerome Vordo
Jim Putler
Jumbo Intension
Magnate Copper . . .
McKlnley-D.irr.ish .
Magma. Copper
Mother Lode
Mines Co of America
NVvada Hills
Nevada Wonder . . .
Nlplsslncr
Ohio Copper
juiy jicrcuics
Kan Toy
Stewart
Tonopah l'xtensloii .
United Verdn
West L'nd (.'on
Whlto Oaks
Whlto Caps
Hid
314
I
Ask
I
11
11
;
:i;n
28
Hi
1 '. 1
n
8Vi
12
l
0
lletlilehem Cs
Cosdcn Oil Cs
Cosden Sz Co Cs. . ,
f'udahy f,s
Russian Govt Sijs.
do G',43
Southern P.wy Cs .
Sinclair Oil 6s
Todd Shipbuilding .
'33
07
3
1 1
HO NILS
117
. 73
. 75
. 91
. 30
. 47
. 33
.100
78
II
"a
01
3814
30
.,
13
Hi
8
U
-in
11
0.32
1
33
71
'ill
07 5i
79
!)
07
39
50
iion
101
(sale)
354
in
il
12
58
39
29
854
I
0-31
1
70
38
48
Am ! prior
na
Ksrrett Co Pl.m" i;eo oas . . 3Sli
Katepllia nn . . .,., i.hsi. in
llrklvn Un Oss. IM Pere Jtarou-tte, J3
Prown Shoe ... 03 Pere Man pref. 48,
Itutter ck . ... . '; P erce.Arrow . . 305i
Col Pack P Co, 33 ' erce.Aerow pf 2
Pn 1st Pf r; K1"" .Vat pf 3714
Cent rdy Co... 30 Prssd Htl Car pf 4
Illinois .-.
Ohio
Pralrio Pipo .
Stand-Oil Cal
Stand Oil N ,T.
Stand Oil N Y
STANDAItll Oil
180
.23.1
.23.1
.210
.188
.238
10.1
290
210
21.1
4U3
248
.'13
INDKPKNDl'NT OIL HTOCKS
10314 10154 V
4.1 47 154
til- la,;
a'n 4354
81i 8114 854
10H 104W Wa
Cent Iath r'..10 "rJ"d8ll Car 514
Ceht fl Am T. AIM Tb Svc Cpn N J 108 ,
TM ft Alton Pf. 28" Quicksilver ... i
Chi w pi .. " HJ,'.'!";,'. rr" ss
Cluett-P'bny pf.lio "y Htl Sprint.. 4m
rVrnp Tab . .... ?; Arms .. 80
Co Po l;l rf 47f, gt t. ft H F pf . 21
rot ft Bo 2d pf. '4 feabosrd A I...
.'.'!?' D'sdlna- 1st r-ref S54
e"N
. sTl Denitrl. .. ZTI4i ISeflfa.rfja.AK nf 1 trl
Con O F. I. r.!'?,. fUoss.Bheff I. .S8
Cent Int Cal M 174 Rt I. S P. . . . 18
font Csn prjf.. JJ Htand Mlllln.. 8354
Continental Ins. MM Ftand vililns; rf 81
ha Am F'i pf Btuts Motor ... 88
Cuba Am'8u..14tT bub steel 84
DlilW ... .180 Hun Steel Is tpf 8T4
isn a ni Uri ..l; n ' lllL', Pusar.l.o..
!
en ft ftlo O rt Ut Tesaa Co rta... 19'
.troll Edison. 123,, TM.watee OIL. 203
)oma Mines.... .; Tohaceo Prod pf 01
;?e 2d pref... 174 T St I, AW... V
name
Erie 2d prjf... "J
Kleo "'o Ist... Ml
(Jen Chem '52,.
Oene rl Clsar , 88 4
den Clear pf.-, 08H
Oen Iotors.pref 74
Ooodricb 11 rpf.ioo
Oranby Mln .... "J
oifrst 8 lat Pf.105
Hartman Corp.,
Havana Kiec ..lot
llomeatake Mln, 03
Jnt Aarlcui . 13
Int Arrlcul pref .13
int lirv .-i .iv...'
int Nickel PL..103
71i
T St L A W cfs 8'4
1 ni im iv pr. on
V St L 2d pf eta 18
Transue-Wr.ie. , , 87
t'nderwood Type 00
Underwd T nf., 11351
J'nlon Tao pref. 71
ITn-llaar ft P new 81
Unit Cl 8(r pf.102
Ptah Sec Corp, 12
Pnlte-d Drur ... (19
tin Drus'lst pf ,80
Pn Drue 2.1 of 73
Unltpd Ie Wood
1st prer .... ni
I Harnett OH & Oas.
Cosden & Co....
1 Illk Basin
' Federal Oil
! Inter Petrol . . . .
I Houston OH ....
.Merrltt Oil '.....
I Midwest Oil ....
'Met Tetrol
I Ohio Fuel
Oklahoma lief ..
1 Osage Hominy .
'H!ce Oil
1 Sapulpa Tlef ....
Sequoyah
(Sinclair
United West Oil.
I
e4
in
254
11
2154
nn
03
n
IS
654
854
13
in
654
654
22 54
"II
8.1
a
17
054
6Vi
n
4
i
13
n
MINIMI STOCKS
Westlnch Mfg. 884
Woolworth ...lot
Wheel ft LB.. 8T4
Wilson 485i
White Motors. 33
Willy--Over .. 174
Wis Central., . 34
7s
SlVs 31 Bi December. 30.30
4. 1 1 January.. 20.54
a a .. I-U Ha eje.
S7H 374 H
18 1854
nn uvi
H 7H K
S8H 3354 li
9854 100 25i
854
H
33
n 54
t in
13 H
"H H
4 1
Ta..1 .alee. 74&.On share.. mhimmJ u
488.000 .hares yesterdari thoe far thla week.
1,818.800 sharesi same period last week,
827,700 shares.
RAILROAD EARNINGS
TEXAS AND PACIFIC
117.
October cross !2,20.14S
net oio.zou
Net operat. Income.. . 708.848
Ten months' aroas... ?.0.W
Net operat. Income.. 4.407.248
CAKADIAN NORTHERN .
First week Decamber 1918,000 stl. 900
Prom July 1 I8.489.C00 433.800
nyl'FALO, ItOCHESTER ft PITTSBURait
First week Dtcember. 1321.899 137,220
Decrease,
Incresae.
1318.74
'809.618
242.394
l,n8J.S
351,878
643.137
Banking CommiMlener Isaue Call
HARRI8BURQ. Dec . IS. Tho State
BaatMaif Coaamlssloer ha iihm4 . 041
March ... 20.37
May .... 211.15
July .... 28.78
clpol .... 31.0U
Open
30.10
211.51)
20.88
211.13
28.73
inch
30 2.1
211.53
20.42
20.15
28.75
I.OW
211.110
20.02
2,80
28.02
28.87
Close
20.00
29.011
28.80
28.72
28.40
30.33
Liverpool Cotton
LIVERPOOL. Dec. 12. Spot cotton
was quiet today on the basis of 22. ltd
for middling;, an upturn of It points.
The sales were 3000 bales. There were
r.o receipts. Futures were steady in
the early dealings. Spot prices were:
American, middling; fair, 23.J6d; good
middling, 2".68d; middling. 22.16(1: low
middling, 21.63d; good ordinary, 23.63d;
ordinary, 20.1Id. ,
NEW YORK COFFEE MARKET
NEW YOniC Dec. 12 Tho ccee
market was firmer this morning with
first prices six points higher. Trading,
however, waa not particularly active,
and waa confined to the September posi
tion, which sold at 7.81o on the call.
The market was quiet after the open
ing, but the undertone continued .firm
and prices ruled around the opening
tevel. The buying was again supposed
to be'for 'foreign account and may have
been prompted by the steadiness of th
Braxllian market and the light offer
ings.
I . Open High,. Low Close close
I December 7.00 . ... J .... T.OO 1.00
llsiirr-T" ' " TTf Tff i.m '. f.W
H SSBSBSBT Banaja. .eSSl SVSSJU..B. 1 . f T Sal v.BSl''' W SBT T SSI F - V SSI
."eeew ejgg"jaaj.ayB"ta.gggg"gs...e. Ae . . sesar afB vi ftgr Jriu
inwa Central .. 454 t'nlted Tan lird 155a.
Iowa Cent pt .101, Pnlt tty Inv .. 8
jewel Tea .... 3351 11 H Ind Alco nf 91
Keok ft 1 1 . 454 It S ITPftF pf . 40
Laclede Oaa . . 80 IT a Rjpress... IS.,
LIST ft M T....151 IT S Realty Imp 155i
Ua ft Mrers. . .172 IT ft Keslty I pf 60
Lake Erie ft W. fli tl 8 B R Pf . 44H
Lit 5rlei W pf 2 Va-Car Chm pf U
lies Rub ft Tire 1254 Wella.Parao ... 73
Lenr lal cfs pf. 40 WestMd 13
...ill. 4 I. ISA It-.. 1M -Jit nf "
-yL'j'i - .--., a.z.z.z .. . it- ..it
ft .. ret . .v .. . i,7s
I il t. PI III
Co pf.. U
Centraf .. 81
10T
Alaska Standard ft
Atlanta a
Blsr LcdEe 154
Hlsheo Cop (a pros) . 54
Butto Cop Sz Zinc. ... 654
, Butte New York 14
1 Cal & Jerome 154
! Con Arliona I;,
Kmma Cons "
First National I"i
Ooldflcld Mercer .... 2
floldfleld Cons
(joidneld Florence... . a
Cloldfleld Kewanas... 4
Green Monster ,,
Hecla Mining' 4)1
M K ft T pref.
M K T . . . . . 45 Wheel A- L E pf 1
Manhattan Rch. 1, Wis Central .. 81
Max Mtr 2d f . 1954 Woolwerth pf .107
May p fltr cf.,101 Worth V ft M., 33
ilex Pet pref.. 9U
u '
LONDON STOCK MARKET
Business Narrow, With Tendency to
Await Development on West
em Front
LONDON, Dec. 12. Although there
was a steady tone on the stock exchange
today and considerable' confidence waa
shown on the part of trader, buslress
was narrow and there waa a tendency to
be cautious and await development tvn
the western front. '
Ollt-edged securities were firmer In
net, despite the war vote of 850.000,-
000 today, maklrg an aggregate of
2,4(0,000,000 voted for the. current fiscal
vear.
Trading was slow In home rails nt
unchanged prices. There wa a lower
tendency In American railway issues and
Canadian Pacific slumped lr.. spite of th
roihllAatlan of tM eamlrurs. '
feT" r.m , . .' v M , l.v
- oralis ,-intass awrivp n ' ", ATsten-
1.1
10
ili
"i
7
I
lt"i
l"i
ft
13
6
Ma
'!
21i
nn
2214
18i
101
'
0
f,
"4
isn
54
8
I1!'
I ft
m
ft
iii
4)1
DIVIDENDS DECLARED
l)n(n M.i chin a Ttnl Company. Inc., uul
fniartrlj of 1!j pt i'nt, rnblc .lanuary
iJ lr hn'ftfr rf'ortl Lefmb-r --.
Olio i;ifnlohr is Hro. re,ulr uimrtrly
nf 14 pr r-iit on jtff-frrfttl, p.iyal-lo Jn
UHrv t rerlntcr'! Ictiiih-r ". Tr.tr.ntr
boo IV -i wl I-. rloflf'tl .T.inunry m until
n.f'T nni.nal mftln-:. on Jnnunry 31,
TntTnnllonal IViroIftum lompany, an lnl
flat dlvlil-rtut tt r.O r4nt ii itharr on tho
ordinary phnM, tayiiblo .lanuary 31.
Midi Traimport nnd Tradlnr Company.
T.id . London, an tntf-rlrn dlvl-lrnd of 2
hllltnaft on ordinary flock,
1'hlladelphla. Halllmor nnd "-tYat.hln.rton
Itallroad, T"eular nrnlannuat of 3 pr cnt,
rayablo Di-fmbrr 31 to rtorlc uf record
iJerftmba-r tl.
United ISho Marhlnen Comm-ny. reruir
ntjor(rlv of ST' conlH un jjrf-ffrreil anl 30
rr-tita on rornmqn. payable January 5 to
atork of rftord Drinibr 1 P.
Krankford Trutt Company, recilar Bfml
annual of 7 per rent, payabl January 1
to tttork of record I wt mlr 10.
Michigan Central Railroad, renitar teml
nnnu.it of 2 per -ent. payahl January .29
to alock of fftrord Deeember 31,
Mahonlnff Toal Company. . per aharft
on tornmon, payablo Tebruary 1 to stock of
rt-pord January 8. and 2H pr cent on pre
ferred, payablo January 2 to atock of rec
ord December 20.
New Tork Cntral Railroad Company, res
ular quarterly of li per cent.
Canada Southern, aemlannual of IU per
ctnt. payablo February I to utock of record
Dei-emb-r 31.
American Tyn Foundera Company, quar
terly of 1 per cent on rommon and i1 per
rent on preferred, payablft January 13 to
atock of record January 10.
IMiUadelphta Pourae. n dividend of 6 ter
rent on preferred, payablo February I. 1018,
tc atock of record December 81. 1M7.
united Gas Improvement Company, regular
quarterly of a per cent, payable January 15,
HUB, to atock of record December 31, 1917.
NEW YOIHC BUTTER AND EGGS
NKW .YOKK. l)r. 12. lUITTEnne
relpia. Oil'i tubn, .Market atrona. Hlaher
oq-il-r;; ecfonda, -10i$P43hc; .Stale dairy
KQQSf nefftltita. -iHm cK"a. Market
Arm. lvtraa. 00c; ftxtra flreta, &8fi0ci
flrata. 6f57c, aecondn, r2UT4a atorava
npft-lril. .,7-i'tf3$c' flrala. WWiZ'ct acconda,
al,t.tf-S3t'l tthlte egga. 00Q70c.
Exchange Liberty Bonds Itcccivcd
Tho Federal Ilcncrvo Hanlr, of Phlla-
delplila, lias lecetvcd n few Liberty Loan
4 per rent cotivcrBluii bonds and wlllrf
n.Ak.1,1., 1.A..I.. 1 lm. hIIi. ,,!.... ...I. !.!... n.a
IUU.WIJ MVr.1.1 UIDIIIUU11UII ..,...,. . U.J
or two. depending on the wipply. Appli
cations here for exchange of the 3 ',4s
Into conversion 4n exceeded (33,000,000,
WLM
Oat and Electricity are eisentlals to1!!,
cannot It done mthout unitranu con
dttlont. An invsslMsnl t PUMIo UtUUv
bnJ U amply sscursd.
3-Yerur
Netet
To
Yield
About
,ws fce.-.y-N
'tJt & 1
Tt.
Middle West Utilities Co.
Three Year 6 Collateral Geld Netes
Date Sept. 1. 1117 Doe flept. I,' 1110
Den.sslnstlsas glOO S00 100
llllnets Tnit aa Sarlags Bank. Chicago. TnuUe
Secured by deposit with the Trustee of interest
bearing securitfeg in the aggregate principal
-amount of 120 of all notes outitinding.
Net earnings of company for years ending
April 30, 1916 and 1917, are reported as follows:
1917 1916
$1,450,960.05 11,329,861.23
Uelatlei, clreular e rxikeil.
. INCOltrORATIP .
v .. 8tocV.RxoM.ns ..Site.. FhliasUlaJsta. .- '.''.
''Tw i- ,-'"' .-';:' , ...i
ilsgBBgHBiaTgf iisMMiiManmiM