:f
ADVENING PUBLIC .LEDGEIt-HIEADEIiPHIA', MONDAY, DEOEMBE? 17, it)iT
i
V,
R.lW'Ji .
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICED
..SV c J
V
:iWJ
.
LY, MOCK CO.
V BANKERS
I
'Kb
PENNSYLVANIA
TAX FREE
ACTIVE RAILS
tTTINQ FROM 4.80Va TO e.2SV.
If DETAILED OFFERINGS
i'i
My?
3M CHESTNUT STREET
l'llILADLLl'llIA
3t? .
SMS
??'& pnnisinpn irrr
iy
The
Vovident
f'life and Trust Company
or rmiaueipinu
Whether a will in good
or otherwise, 'often de
pends upon the cxecih
tors. Fifty-two years
of successful experience
have qualified us as
experts in the manage
ment of bin affairs.
'ft
s,!vS;
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'4 it .
.mmTH AND CHESTNUT
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Free of
Pennsylvania State Tax
i.We own and offer, subject to
s'ale, the following hiKh-jrrade
Railroad bonds:
iPlilidelprria & Reading
S, Improvement 4a. April 11)47
fCoMCCttBE Railway (PaiU.)
"' 4a. March 111.11
' Pittikmfc. Youniitown &
: AanUbula R. R.
" flan. 4a. Juno 1U4H
PWJeIp.i & Rftdi.of
Si cono.Utid 4s, Mub
rt
1037
Approx.
Weld".
4.50
4.55
4.SS
4.62
v;
f Oan. ColliJleJl,. May S003 4.95
vPiKi., Cin.. Clue. 4 St. Lonii
Consoliaatca i. jspm - -a.uu
PeantTirania Company
FirrtMm. July 1021. .-5.35
.lefaU, Roclicitcr & PilttWjb
Equipment afts. aiay i. bjs
.Bead. Creek R. R.
' 2nd S, July 1030...., 5.55
jfricti ani parlicnlsri upon applicalion
: TheNationalCity
Company
1421 Chcitnut St., Philadelphia
Naw York Chtcit-o -an. rnnciice
Boston
Pittsburgh
collateral
. fllf you do not know tbt
V fundamentals of trailnl la
stocks
then you should read this in
' itmctive booklet. It will prove
!j oT interest to the experienced in
I'vettor as well as to the man who
t.j, lirtli- Irnnuledpe of market
iirading. Send for it.
V4fc for Booklet 89S.T. U.
ONES ft BAKER
5 HxrLTK 11KOKKRS
WMwer BldC., Philadelphia
Bell. Walnut 1600.1.
Koyatone. Itaca V'.'VU.
Ilotton
go I'lttiburfU
4frv xrivu.a ,rirv9.
OHBS BAKEU.
itnrr B4a.. fhttadtlphla;
I tna "Jlor to 9pen an Account
iw
44rt$
Nvi-
-.
aVa)4t
State
01r.U
MOST STOCKS ARE MARKED DOWN;
BUT BUSINESS IS NOT LARGE
Absence of Demand Most Important Factor
With Holiday Held Responsible Liberty
Bonds Attract Considerable Attention
High Points in Today's Financial News
Mocks xcerc ucncrallu lower In Xc'w York, but volume r Imslnrit
teas small. Curb trading was dull, drain inn Irregular and cotton lower.
Foreign exchange market was dull The Philadelphia bank statement for
the week showed a decrease In loans and reserves. The Central Coal and
Coke Company resumed dtvldcmli. liar silver tern unchanotfl.
pL?ij flit th Stock Vtarktt la I
3jfc 'II "itraoia f round to you
t'B' C If you haa ner a(l aa
CslJl' "account wltu a broker
$!aCs9l'. lf vfin ar not familiar
OrKt J wllli tlit uae of
"f" tc atcurlty
NUV YOUK, Ucc. 17.
There was n gentral drift of values to a lower level In today's stock
market trndlnp, nlthnuRh the volume of business was tmall nntl no new
Incentive was In evldenco on which Increased tcIllnB pressure could huvo
I cen husrd. Absence of dcnintul was the most Important factor In con
nection with this downward tendency, but u Blackening up and absence ot
buying Is always notleenble at this season of the year, when time and
money are devoted to Chrlbtmas observances, fur more lmportanco must
be attached to the mocmcnt In Oovcrnment bonds than to the dealing
In stocks.
Liberty -1b showed Increased prcssuro from tho bcRlnnliiB of the day,
when sales were mado at 97.44, until around noon, when the price had
dropped to the new low record ot Si. Tho 3',is nt the sanio tlmo sold
at 3S.54 to 38.40.
Thcro was n constant drlbblo of liquidation In the general list after
a show of strength In the early trading, with special attention attracted
to tho group of Tubllc ftllitlcs. which aio supposed to be Influenced by
the coming change In tho city administration.
Consolidated (Jan. American Telephone, intcrborough prferred and
"Western Union all bold at new lows for the movement, with Intcrborough
Consolidated preferred making a new low record.
United States Steel ranged from 825 to S04. General V.ltctrle drop
ped fiom 1203i to HSi. and Marine preferred sold off from 77'i to 7I4.
A good deal of conjecturo was created by the weakness In Wcstlnghou&e.
which declined from 35 to 33V
Tho bond market was he.ivy, with Anglo-Kretich .'if sell'ng down from
Si to the new low record of SI United State Steel sinking IW sold
at 957, I'cnnsjlvanlaaOencral -Ufes at 89 and Northern Paelllc Is at Sl-j.
Fuel Supply iow Factor in Stock Market
A factor that Is likely to be of Importance in the stock market dur
ing tho next few months Is that of the fuel supply on which tho Indus
tries aio dependent. Last week In somo sections of tho count! y opera
tions wcio severely Impaired; icsultlng In the closing of many factories
and. In somo instances, ciippllng the industrial plants of tmtlie cities.
This situation is very closely associated with the ability of tho
lailroads to overcomo the congestion, which has lyen heightened by tho
heavy bllzzatd In tho cast, whero the major Industries are located. Tho
fact that tho Industries nio so centralized, while It has Its advantages,
has great disadvantages under conditions like the piesent. which heighten
the burdens of fuel distribution.
There Is understood to be u growing disposition In high quarters
severely to cuitall thoso Industries that consume fuel, but whoso output
Is not absolutely essential to the conduct of the war.
Conseivatlvo Judges of the stock market persist In their opinion that
the present Is the tlmo to buy sccuiltles. They nro willing to go on
record that the man who buys btocks and bonds today will, in the end,
profit 'enormously. Hut this requlics nerve, and the Investor has had all
of that ground out of him. It Is not an Idle statement that foi tunes
will ultimately be mado out of the cuncnt depression that may even
exceed tho great paper profits that were piled up during tho foiwanl
movements of 1915 and lDtfi. As to the Immediate future of the market,
tho Impression Is growing that the best that can be expected of It is a
stabilization of values. It Is one thing to check a decline In prices and
unother to stimulate an advance. Tho latter .requires money and a
laiRC public following to absorb tho offeilngs of the pools, lloth these
nro lacking.
Profits of Shoe Manufacture Iiisc
fronts from the manufacture ot shoes arc fully us gieat as tho
public has been led painfully to believe. In tho jears 1913 and 1914
tho Iirown Shoo Company, one of the largest In tho world, earned 7.17
and 3.G3 par cent, respectively, for its common stock. In 1915 it operated
at a deficit of nearly $33,000. In 191C, however, earnings for the stock
amounted to 20.06 per cent, and last fiscal year, or to October St, tho
balance was equal to 23.G per cent, after allowanco of $110,000 for tho
war tax. Before deduction for tho tax the amount earned for the stock
amounted to 30.5 per cent.
Tho contlued dullness of tho foreign exchange market In tho face of
many developments of great lmportanco is one ot tho strlklngfl features of
tno financial situation. Italian exchange has advunced sharply, but with
out any excitement, and Russian exchange has ruled quiet, which may be
accounted for by tho dearth of business and liopo that tho Japaneso
troops may land at Vladivostok soon and cooperate with the lokal litis-
blan elements. Lire, after an advance from the low of last week, went
off again, but finally scored a gain compared with tho week previous.
Scandinavian exchanges nro slightly lower. 1'rancs havo been steadier,
while positive strength developed recently In Swiss and Spanish ex
changes. Influenced In both cases by tho increased bales of commodities
by those countries to tho nntcnte. Pesetas i cached a new high mark
at 24.25 for cables and 24 12 for checks.
Crude Rubber Market Uncertain
Tho crude rubber market continues uncertain. The war has been
the controlling factor and will be as long as It lasts. Lower prices havo
been tho rule, with fine crepe, tho highest grade of plantation rubber, sell
ing at forty-eight cents. Consumers here aio believed to be fairly well
supplied. In view of tho changes In certain lines of business that aro
expected to be caused by a continuance of tho war. somo of them aie
proceeding cautiously In the purchase of raw mateiials. This accounts
In u degreo for the lack of activity displayed by the market.
One ot tho Important factors In the general decline In pi Ices has
been the eoveic cut In values for both Standard Oil and Independent
securities. Quotations for all of the lmpoitant shares have been hover
ing near their record lows, and this in tho face of ery strong under
lying factors. At the end of last week, there appeared to bo bettei buy
ing, and this caused somo recoveries. However, current quotations are
far below tho yearly average, notwithstanding that earnings of most
of the companies at tho end of tho year will bo far abovo tho year
previous.
The foreign commerce of tho United States Is holding up better than
the submarine situation would seem to Indicate. Kxports of domestic
merchandise from the port of New York for October wero valued at
$218,702,112, compared with. $235,97C,S39 for the same month lat jcar.
Ot this amount $134,370,052. or over 70 per cent, was for Europe, as
against $18G,975,6C3 a year ago, and $27,733,053 to South America, which
last year purchased supplies In this country ot a aluo of 418,023,050.
Exports to tho United Kingdom wero $18,921,192, a decrease of $27.
705,178 fiom October. 191G, whereas, on the other hand, our exports to
Switzerland were four times as large and Increased materially in the
case of Russia, Italy and Spain, with shipments to South American Re
publics twice as largo as In October last year. Imports show compara
tively small changes from lat ear. The Inteiestlng feature of tho de
tailed return Is that copper, next to explosives, made up the largest single
export Item. i
New York Slock Sales I
Alas Oold Mine 2
Alaska Juneau S
Allls Chalmers li
Am Can 33 '4
do prcf .... no
Am Car & IAIy ultfc
Am int Corp.. r,i
Am Cot Oil ... 23-)i
Am Hide & L. . lim
do prof II"-,
Am Llnvcri .. 34!
do pref no
Am Loco 4H
do prcf in
Am Malt n
do pref do ii
Am Smelt (,
do pref IliaV'i
Am Hum Tob. . BH4
Am St I Kdy. .. Sl'j,
Am Sug.ir. . . . DJiJi
do prcf .... Kin
Am Tel & Tel lfm
Am Tobacco . . . 1 :i I
Am Wool .... 3',i
Am 'Wr l'ap pf 3n
Am Zinr&I. pf Jt,
Anaconda .... ll.v.i
Atchison wV4
do pref "S'
All Cilllf & W I IM'a
do prcf (10
n.1
4(11,,
H7n
UK', i
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hit;
.im
IOTA
Low doo
Net
CllS.
33 V
Ron
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231,.
(Ill
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114
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nt
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VALUES DECLINE
IN OATS MARKET
Ensicr Cash Position and
Good Weather Forecast In
creased Movement
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4
12:t tan
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H.ilciuln J, Co
Ilalto & Ohio..
Il.irrett ("o . .
llclli Steel . . .
do 11
do prcf I c. .
I II rook n It T.
Hums llros . .
44
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87
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47
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rUl. nAIHIJIAI, BANK
a-l(4Ua. Srcatobar nth. 1B1T.
Muon aor uirtciora will ba
8 una aiouavi on Tuaaaay,
. bttweta tat iwara ot 11
I w STj.,
V-ARO WOLTE. Caahltr.
jAfc iprnwML
Liverpool Cotton
LIVERPOOL, Dec. 17. Spot cotton
was quiet today on the basis of 22.1 6d
for middling, old contract, a decline of
15 coints. Tho sales were 3000 bales.
The receipts were 48,000 bales. Including-
38,200 bales American. hutureB were
quiet in the early dealings. Spot prices
were: American, mldlllng fair. 23,36d;
good middling, 22.69d: middling. 2:.Ma;
low middling, 21.63d: good ordinary,
J0.63d; ordinary, 20.11d.
nivniKsn NOTICKH
XATIU.HAI, HANK.
:holdl
r 10.
UKKnoidtra
f .Btrttton
avi
MINE IIH-I ANI KCItt'VIJtII.li 1IAVKN
KAII.ROAH COMPANV
11B H. Fourth Nt.
Phlladelpnla. Twelfth Month 17th. 1017.
A. pivldrnd ot iVt'.i (H.ti per ahare) haa
thla day been dtcTared. pal able on Flrat
Month 16th. 101. to atoekholdcra o( record
at 2 p. m. on tba Slat lnat.
Tbt tranafer booka, cloalnc on tba 21at
lnat.. will be opened at ft a. m. on l'lrat
month 15th. 1018. .. , ,
Checka will be mailed.
VM. DIDDLE. Treaaurer.
WKKCTOM OF ACCOt'NTAXTS
(L-anu-NCB E.
TAT1
ROWN l
TKUHT I
HI
FOREIGN EXCHANGE
NEW YORK, Dec. 17. The market
for foreign exchange was extremely dull
In tha early dealings, and In most cases
there wero no appreciable changes In
quotations from Saturday's figures.
French exchange was weak, but Swiss
showed increasing strength. Italian ex
ehnngo wan quiet and without feature
at the outset, but developed strength In
the forenoon.
Quotations wern-
Demand sterling 4,75 3-16, cables
4,76 7-16: sixty-day bills, nominally,
4.71 It 04.71 H; ninety-day bills 4.69V. 5?
4-694.
Frane cables 5.71Ta. checks 5,74.
Lire cables 8.23, checks 8.25.
Swiss cables 4.29. checks 4.J1U,
Guilder cables 44, checks 41(4.
'Pesetas cables 24.06, checks 24.
Stockholm cables 36 IS, checks 36.
Chrlatlanla cables 35. checks S4H.
Copenhagen cables 33, checks 331..
nubles cables 13, checks 13.
BANK CLEARINGS
Bank elearlnn today compared with cor
rttpoodloaT day laat two ytarai
Hut & Sup t'op I4')i
C.il Petiol .... 10
do put . 32',,
Canadian Iic.l2!
Cent Leather.. n!n
do pref . . . . !!
Cerro de P.iseo 27
("hand Motors. (II
dies & Ohio.
,Chl C.t West.
do pref . .
Chl M & St I'
I do prf . .
1 1 id & VMM
C It T & P t c.
do G p c pf t c
i do 7 P r pr t
(iilll Ciqiper
t'hltio Con Cop
Col ruol & lr
I Col (las & 11. .
t Consol Oas . . .
(corn Products.
I Crucible Steel .
I Cuba Cane Sug
do pref
Del & Hudson
Ii I, & W
Dome 'Mines .
1 lUt Sec
Rile
do 1st pief.
(Sen lllee Co.
ien Motors
lit North pref ."
ii Nor ore Hubs 2 1
ilieen Con Cop. an
Haskell & llkr 2s;
Illinois Cent... KK S7
lot Agrlcul. . H'a !'.i
Inspiration Cop 31', 3K
Interb-Cons Cor rt, n'U
do pref tl Si",
Int Haw X .1.. 1(13';. MIS';
Int Mer Mar.. 1ST, 17 ;
, do pief 77',i "Hi
Tn'etnl Paper
Int Nickel . . .
K.in-as City So
do riref
Kenneco't Cop.
I.ai.k Steel ...
, Lehigh Valley.
Loulsv & Nash
M.i Motor. . .
do 2 pref . .
May Dept Strs.
Mex Petrol . .
, Miami Con Cop
1 Mldvalu ....
I Mo K.in & Tex
.Mo Pacific
Mint Power. .
I do pref. . . .
Nat At mV . .
1 Nat C &.'
.Nat Illsl'tilt...
do pref
Vat Rn &. St. .
I Nnt Lead
Vev Con Cop,
X Y Air UrakKloa
New York Cent nor,
, N Y C & St L 11'!,
X Y N II & II Sli
N Y Out & W. IKU
Norf & West . ln'4
, Northern Pac . sni)
! Noa Scotia St c.n
Ohio Cas 31
Ontario Silver. Vi
i Owens Dot . . &!
, Pacific Moll... 21
Petina It It... Itt
Peoria tc Last, ft
Pere M.irq w 1 1314
PhlU Co .. .. 2.1
Pitts Coal 4(i
I'resscd St Oar .10
Pullman P C.Mi'J
Ry StI Spring 30';,
Ray Con Cop. 20!
Reading . . .. ns
Rep 1 & H.. .. 72",
Roal Dutch . 1.7
St L S P. ... 12'j
Scabd A L pf . IK
Scars Rue ... till
Shattuik rlx. KlU
1 Sinclair Oil . 2n;
! South Pacific. . 79V
I Southern It R.. 23
do pref 33V4
Studebaker ... 43
Sup Steel .... 32 V4
Stutz Motors . . 3.111
Tenu C & C w I 1174
Texas Company 121'!i
Third Ae It It l.lli
Tobac u Prod . 41
do pref . . . K?
Union Pailllc. Miill,
United Cigar S Kl
United UlUlt .113'i
United Rwy In
U S Ind Alco .ino'i
U S Ind Al pf K'J'H
U S Rubber... ik'.'j
do 1st pref . . u.t
U S SM & lief 4
U S Steel.... Kjs,
do pref.... lu.l'i
Utah Copper... 13Vi
Va Car Chcm
do pref,. ..
Wabash
do pref A
103'',
1ST,
77li
2.-.',;
2.11,
in',-,
4R'h
r.t",
MIK
22a,
211',
I Hi
nie.i
2n
Ilia
1
. 23
, no
, on
. 211 li
, 2:1
. 110
.104
33 'i
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41
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2 Ha
111'!,
4 I Vj
117
S31 a
mi;
s
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on
uo
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21'!',
KH'l
lilt
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39 7
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27'),
IK
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Oil
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211,
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MS
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211,
ini
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r.lttlV lll;I,T WIIATIII-.R POTtKC 1T
lillCAtlll. Dee. 17 Illlnola Pnrt
r'.'!'.,r Innlelif rnil TneMlnyi unrmrr.
ill(iurl I air InnUht and Tnei.da.ri
Mprmer.
l Inrnnaln Vn.ellleil tnnltht unci Ttlfa
MUM llnrinef ontli tnnlaht.
.Mlnneaatn I'nlr tnnlaht and Tuendari
(Older north" rt Tne.ipM.
Innn IMttl.v rlnnily tonlclit rami Tile
alia. 1 uiirm-r.
Nnrtli IMknl.l PuHIr rlouilr tntilaht
n 1 1 Tfir'l'l "iirnier northnct tonlthti
1 oliler Tue-il ir.
Sci.ith lliknta l'alr lonltlil nnd Tue
dual (ill?r Tiie.dnv.
,. 'i,r,","i JTnlr tontcht nnd Tueilmi
Viirmer ocillme.t Innlitlitl (older et
1 ii-flii, .
Itnni I'nlr li.nlclil nml Tiir-clnrl
Mnrnir rxlrnie Miutlirut tnnlclil,
,.1,!,"1,"r'i'rrl'-'li'11nnlBlit nnd Tiirsilir. e
Mlilili " " "r "no"' ,,rt "' ""
,l,'.."'!lL"fr!'"lr ""'''. sml Tuesday,
f(eiil prohilih ncm norlhwefrt.
clHCAno. Dec. 17.
Theie as considerable pressure In
evidence in the market for oats today,
due to the easier cash position nnd good
weather, which seems to create a belief
that there would bu nil lncreaso In tti
movement,
Commission houses worn Cntri,. .-a,,!
buyers on the break, nnd- this, coupl-v
with profit-taking by the shorts, checked
'4 j the declining tendency of values Ixical I
!. Mailers were Inclined In be bnnri.i. nml I
1 1 much has been said about a contlnuatloi.
"h f the restrictions on shipping to the
1 Last. The rather liberal decrease In tho
' 1 lslnlo supply ,v.ih without Influence
9-a I The high on December wns 75,c;
la the low, 74-i.c nnd the close 74 "-c com-
'a pared Willi 75c, the lliial ,uotatlon of
S-iturd.iy. The best en May was, 72Hc:
',1 the bottom 71', c and tho fln.il 71'sc,
- I su;anst 7l?ic, Sattirdai's last nrlce.
I lluslncss was rather moderate In corn
1 nnd prices woikcd lower under local
,bear pressure and a decline in the rash
I market. The movements In oats were
I followed rather ( lo.ee Ij.
! Local commission houses were scat-
tered buveis t various times, and shorts
also covcied inodenitelj leading cle-
) ulcir houses and shipping Interests were
sellers Outside Interests appeared to be
I lacking almost cnllrelj.
, The high nn Jiinuaty waB $1 21 to
",$121,, the low $1 20", and tho close
I $1 21 to $1 ;ni, compared with $1 21 y.
1 the final quotation of Saturday. The
?i best 011 May was $1.19 the bottom
3 $Ils'2 and the final $118", bid,
? 1 against $111114. Saturday's last p:lce.
The high on December was $1 2.1, the
7 low $1 2Hj and the close, $124',' bid,
4 I compared witli $123, the final quotation
I of Satin dav.
?i Visible supplies of gialn are: Wheat
, 26,361,000 bushels, decreaso 311,000
i bushels for week : corn 2,407.000 bushels,
r; Increase G77.00U bushels; oats 15.87C.000
? bushels, decrease 1,394,000 bushels,
l. LeoUlns futures ranceil m follons:
Sales in Philadelphia
svt
Htirh. Low. Close, phc,
A3 Am Oas .32 0 80 ..
2.1 'KI Stor. 47 4 47 14
12 Key T Co 814 814 14
333 Lk Sup C 1014 10U 10H H
116 Leh Xav. 88 67H 77i
lOLeh Vat, 32 32 82 '
I0XYXHa:H20 20 20
419 I'enna nil 44',i s 4314 14
100 Pitts C pf 73 78 73 1
nn Pa Salt., sn no so 1
423 Phlla Llec 221', 22 li 2214 li
2SPRTtC231i 23 23 li
2.1 Phlla Trc nn no no . .
ISO Rending,. 01 nt 0714
1133 Ton llel. 3tT, a 14 314 11
823 Ton Mln. 414 41', 41i ',,
3UnTrac. 3K14 3',4 3314 li
541 U Ot... 68li 0.1 n.l 14
20UCN.T.20.1 20 Hi 20.1
8170 If S Steel 821i 30 81 "4
20 War I & S' K B H
MOW Cramp 73 7214 7214 214
Quotation given Is Saturday's close.
P.x dividend.
Totnl sides, 12. RAO shares, compared with
8909 shares on snturdny.
IHINIH Nt
Ulsti. t.on. Cloae. ihe.
81000 LI & Peo
Tr 4s.. 7214 72i 7214 ..
K3.10 Lib llonds
31-s.. OH.nn 03.20 03.20 .10
3810(1 do 4s.. 07.10 97 97.30 .10
1000 Iilll. I Llec
1st 5s. 0414 OHi "Hi
314
n;
Ij
i 1 s.
I "a
li
1
'a
1
. n,
"a
Hi
INACTIVE IMIILA. STOCKS
I'ollowlng nro quotations for Inac
llvo ttocks listed on tho Philadelphia
Stock Lxchanga and In which there
were no transactions toaay. Tho price
given Is tho last previous close.:
Alliance Ins ..
Am Gs War.
Arr.er Mill . . .
Amc-r storrs .
Am storea pf.
li Lch Veil Trans 27W
111 Leh Vol Tr ft. as
M) l.tt Pros i'i
ij i.ittlo Hchuilktlt r.l .
11.: .Min-hin , r.iva
liuif Ac s.isn vt ill North Cent .... 77
Hug l Kuai t e 50 I'hll, Cu 23
Cam Iron 43 PhlU Co cum pf 2s
Cam Ste-I ....11(1 P 11 T 2.1.,
Con Trao N J. (101 llwy Co Oen .. 4li
Hn Aephalt .. H l!n Coa N J ..203
Ocn Aaphu.t pf. 52S " H Steel pf. ll
Ina Co of N A 'Jlj West Coal 77
Key 'JVI tirel.. 5t VVt .Irr . HS 42
Leu Nav rights Yorl. Ily Pf.. 32
lat rref ... 17'i
HOME SHARES CONTINUE QUIET;
PRICE CHANGES IRREGULAR
Activity of Liberty Loan 4s Attract Attention Tono-
pah Belmont at New Low Railroads Improve.
Local Banks' Earnings Good
To In I Miles, 18,150,
on atlirdio.
compared with 317.200
The local stock market broadened no
ticeably today, but very few of the home
shares showed any activity of conse
quence, and price changes were divided
between losses and gains. One of the
few features, however, was a resumption
of rather heavy dealings In Liberty Iian
4s after a period of dullness. Around
$30,000 worth of these bonds, had
changed hands by 2 o'clock and the price
decllntd from 97.20 to 97, nftcr having
been up to 97.30, with two blocks one
of $16,000 and another of 19000 chang
ing hands nt the low figure, but befor
the close they recovered more than tho
loss. The 3 lis were not active, but
wero a trifle ower thin tho cIobo of
Saturday most of the day.
Tonopah Belmont was one of the,
most active local shares and declined
a quarter to 3H, n new low record price,
tho announcement from Washington that
thero was a probability of a. minimum
price of $1 per ounce for bar silver
being fixed apparently being without In
fluence on theso mining shares. Wil
liam Cramp, which made a sensational
advance 'nst week, was hIpo under pres-
suro todiy, and, although Inactive, lost
2 4 points on a few small sales.
Railroads showed Improvement, Read
ing advancing ', Pennsylvania a frac
tion and Lehigh Valley a quarter, but
thcro wis llttlo activity In any cf them
nnd Pennsylvania 'ost Its gain nt the
close. Steel common made up the bulk of
tho business, and nftcr selling ubovo Sat
urday's close, followed the trend In New
York and declined more than n point,
later picking up part of the loss.
Pennsylvania Salt, Pittsburgh Coal pic
ferrcd, and American Oas were about
tho only stocks recording advances of
Interest, Lach of the first two wis
marked up a point on a few- transac
tions, while tho latter gained 2 points,
but at tho end Amerlcin Gas was unchanged..
I lcctrlc Storage Battery, Iveystom
Telephone, Lake Superior and Lci,ig
New York Bond Sales
Hi
Open lllch
Corn (new ilelberv)
Low Close
SntVfl
lloso
1.2.1
1 21
1 lu'a
U,
1,
i
I- I li
li
T.
.Tun. .
Slav . .
Onts
Mnnil .. 72'
I lo 7 ",
May .. 72
l.aru
Dee. . . .
J.m . .2.1 u
Mac . 21 HO
lllbi
.T.iti . . .2.1 III
Mae . 21 00
I'.wk
.Inn . .11. in
MjV ..'llllll
Jlld. tAiked.
I 21
1 2 IS
l.lil'a
21 Ml
21 12
2 1 r.r,
21 12
43 no
44 CO
IN'omtnnl.
I 24V., ! 845,41.2-.
1 2(l 1 21 tl 2m
1 I8S1 IS'. LUIS
72", 72S 7S
74S "THa 7,1' a
71S tllla 72
21 2.1 121.00
2.1 so t2.1. 17
21.10 23 72
2.1 m 23 a
24 HI 23 72
41.00 Ml 30
11.00 1 13.1)0
21 4J
23 72
2.1 37
23. SO
41 31
41 r.o
7214 '
ftlli 'i
107Va '4
22'), 'a
101, .
HVa
(IK I
2(1 '4
inn; u
4 - Is
23 1
i;n
9C 1
sn'4 '4
2l"i li
87
Mil 1
3314
3'J1
in',i
ln.t
n1.
Ills
28
IK
on
71i
III)
31
Ilia
23
13
3
131i
28
3814
.1(1
1(17
30T4
20 14
IIJT4
7H4
n?
I!!j
17",
Is
3
Hi
I
Hlsh
1020(10 Atisln-rrench fts.. S4S
I.KiiKI Am I'nrn Hen 3a.. H2
I3UHII Anier Sin Ai Ilcf 3s S.".e.
I20110 Amer Tel r.s . .1. sii'J
sunn Armour Co 4'j.. s.'S
41100 Atrhlson ifcn 4s .. snS
l.no'l Atlnn Co L let 4a so
2111111 Holt Ohio 3a... TO'
IOC"! do 4s 7S
llnoil vv 4ijs 7a,
4IKIO Ilildnln Loco .Is. !i!i
41100 Krook 11 T r.s 'IK HJ'a
lsniio iinrdo t;a 7.1'S
10(1(1 Cull Oovt As '21.. fi."
imirt do fts '20 s,u
200ci r..nt Leather Isl r.s ii,
2IKPI) Cent Jilt .VI rg 3s loo
I11111111 Chill Copper 7s. H'.i
41,(1011 Ch, s H (i ronv 3s 72'?
lllllllil Chl (It West 4s.. f,4'i
4(1(10 Chl II K () Joint 4 II2S
2ioriii c M & st P rd 4h fli.
ftnilil do eonv 3s 71'j
IOkii do rv 14s. ... C.l'.S
3201(0 Chl 11 I & 1' rM 4 fin. .
lnon Col Industrial r.. 74
2MII10 City of l'arla 0s .. 71'i
77000 Con (Ins tonv (Is.. lis
4000 Cumberland Tel r.s. no
r.nnii Corn Prod Gs 31s tins
JrtlW
MS
HI.
SI
S'l
hi
SOst
SI)
12
i'i'i
su'i
HI
Km
111!
tl."i
(ioso
S3S
H2
S.'i
su'i
S2
SIlS
HI
7in;
7.V
eV1
?3i.
HJ
sij
111
100
in
J
r.a
71",
mis
...lii,
71
74
US';
HO
ons s nos
i.rtS
L.r.l'a
71
fl'i
1
14
14
l
mi; iMli
I3J, (.-.h
-lis
1:
W" Maryland..
W Union Tel.
Wtsthso Mfg.
Woolworth . .
Wheel & L U
do pref
. 3H4
0814
71i
38
1214
0
. 33i
,ioiy
1 1i
18
White Motors. 35
Willys Overld.. 18
20 li
7714
S2U
S3
4Hi
33
311i
llli
1)9',
1314
43li
88
lOH.i
83
112
Ml Hi
Kill,
17 ,.
2 4
ill.
so;,
10314
70 li
3114
U814
71i
3714
1214
78
3314
ion,
1 774
18 W
33
17
2!,
70li
23li
83
43
31
331i
IHi
123
1374
4314
80
1U0
K3li
II'.
.1
10(1
K'tla
7 li
111 la
Ills
8114
10IT4
71
31V4 ..
0814 Hi
71i Hi
38
1314 14
78 H 14
34 H 1
ioiy, H4
14 y
1V4 li
33 . ,
1714 14
4- ui
li
1
1
1
14
H
3
'.4
4
I
-a
Ha
Hi
14
14
li
H-i
INACTIVE NEW YORK STOCKS
Following aro quotations for Inactive
Xew York stocks and In which thero
wero no transactions today. The price
given is tho last ptavious tale:
Adirnw Impress 11". I.orlllcrd T ...130
Advance Itum pf 21'j M lv t 1' pref.. 7'4
Atlvnncrt Hum.. In Mflckay C ... 7r,i
AJax Ituliber r,0 Mnnllattan Ilch, 1
Am Adr (inn 7'iS Manh.it LI .... 03',
Am Air CSni pf 1 Max Mtr 1st pf 31'
Am Ilccl Suirnr nil May It Str pf Mil
Am Car A K if 10 May l)pt St rf 101
Amc-r Ilxmeas.. so Mct pet pref. no
Am Ic pr-f 4S Mich c-ntrnl . Ill
Am Ten Sec . 10 Mln t .St I. new 7i
Am Malt . 11- Mlsa Pnc prcf . .1i
Am Sm-lt II fill M St IMS SS -l si
Am Sumatra pf -, Morris . Kssex 30
.m Toh nf new lift Morris K pf Tt'i
Am T T 3d pf H2'i Nat Cloak & S. f,n
Am T .1 Cnhln. r,1 Nnt elk a. pf IlllHi
Am Woolen nf Nat Kn Stp pf nt
Am Zinc & I.rad 12 Nat I.ail prcf tll'i
Vsso r o 1st nf r. Nt n It m 1st nf 40
Assn Oil . .. (1114 N (l Tex & Mcx 17S
A O ' W I nf. .-., N V Mock 111,
1 All Const Llns S-.ii Nt n It M 2d pf Ml',
1 ah nirm a. si a1 .son cl kouui "1.
Tin 1.1 T.ecc prcf li Nnrf t. Wet' pf 1ST,
lltrrelt Co pf inr. North American 41',
Tl t O nrf . si Ohio Tuei ... 4
I Ttatonllas Mln . I Ohio (las rta 1
1 Ilrklyn t'n Oas. 101 Pan-Am Pet Pf 90
, nrown Shoo .. (1. Pop-Am 1 prior
Itutterlek ln'i pf ct . . . n
Cal T",icHlnir Co m Pen li.s
Co, e. so 1st pf rii iero MarnuMte
' Cent Fdv Co 30 Pere Marci nref
Cent H m T lli'a Pierre-Arrow an',
Chl A Alton. 7 T1erce-rrocv tif l'
CH Alton nf !1'. Pitts Coal pref. 74i
CS N V pf Cll'k pitta o. West -il'
riueti-P'Mv pf ltd Pitts & West pf -.714
fo-nn Tnh 1' l-frsd Stl Car pf 1
Col ft So 1st nf 47'i Puh Serv N J inn
Col i- So 2d Pf 42S Iteadlm. 1st pref 11't
Col South 20ia Ss.spm Arms no
Con O 17 I. S. P IOS SI J I. s r nref -.
I Cent Can H.. Pears. noe nref 1"(l
font Int CbI M 17S sloss-SSeff IS
Corn Prod pf . !) slsn.i Mllll-ii s'.'i
CriielWe S'l nref s,l fnnn,l Mllllna; pf '
cuhv Am S'li pf nn sun Hied 1st pf n'.s
( 11b a Im ucr 141'i So P It Surar 141
(leers Jt Co nr f li'. Texas Co rts 111'
n-11 J Ulo Or 'I T X. Pj! I4i
Melrolt IMison 121 Tidewater Oil 201
Mrla 2d pref . 17'1 T Ht 1. & W 7'.
V.l... vior Tlat r.St, T fit I, ct W .If j SIS
(SaHun-Wnis 'IJ, T St 1, ft W pf 30
C...n (hem 10. T- a. T. " I nf ,ti 1(1
(Icncnl Clsar . 3(P4 TrirsusAVms 37
k. i
iiiioi) tVr do Pasco (is.Kd'a 10IS lnl'
.1000 Chl IlnllwajH 8s .. S2 S2 S2
7IHI1) Lrlo conv la Scr II 3'i .in 3d
tnoo i:rln eonv 4s Ser 1) 4JL 42S l."S
47(1110 Trench ltepub .Via HI', p.p, lis",
limn lon.i e'entrnl ."... 7!i 7n 7s
2000 Inter!) Met 4Ss .. .12
2M)on Intern It T rcf fts. 77
.loon Inter Mcr Mar n.. ssij
snoii .imp pew ci H 4ejS 7.-.
I1100 liin City .So 5s .. 7(1'.
2000 I.k Ph d-ti Is was sj
210(1 l.Ur Jt M T 7s lln'4
KSIKKM) I. II, lloud v I 3Hs llS.r.n !IK.404l'H.r(t
lltilVMIU (10 Is .. II. .1(1 1)7 D7.UI
81000 do 1st Is . 1)7.48 1)7.20 1)7.20
7n"i
SSVa
7.1
7(1'
S2
110W
r.j
7S
ssl,
7h'i.
llotj
Xavlgatlon were all lower. Philadelphia
Llectrlc was a quarter higher and
United aas Improvement was lower. '
Ilnpld Transit trust certificates were
slow In opening nnd did very little. The
only transaction was small, but the
price wns bid up to 23"., as against 26
at the close of Saturday. Philadelphia
Traction was unchanged nnd Union
Traction advanced 1, on 11 trifling sale.
The liberal earnings mado by national
banks In this city during 1917 nnd the
latter part of 1916 are again reflected
In tho reports to the Comptroller. The
profits for tho last twelve months are
much larger than In either of the pre
ceding four years and njj equal to 27.2
per cent on the 121,16iT00O aggregate
capital of tho thirty banks.
An compared with $G,7B3,G04 earned
In the twelve months ended Xovember
20, 1917, less than $4,000,000 wan earned
the previous year nnd only 12,158,135
two years ngo. In the period October 31,
1914, to Xovember 10, 1915, the dividends
wero not fully earned, thero being n
decrease In surplus nnd undivided profits,
duo to mnrklng down of security values.
In the year lust closed surplus and un
divided profits gained $2,869,904, Theso
comparative figures are compiled from
returns published by 'the Commercial
List and Price Current.
Deposits havo amounted to new high
figures, which have been temporarily
affected by Liberty Loan payments,
whllo the Government allowed balances
to remain with the banks. On Xovem
ber 20, 1917, deposits of tho local na
tional banks totaled $562,021,173. The
p'revious top mark, at tho date of a
Comptroller's call -was May 1 of this
year, when deposits were $505,458,537.
After that they fell off. declining to
$460,324,750 June 20. but tecovering to
$482,139,876 by September 11.
Two year ago deposits wero less than
$112,000,000, and three yours ago they
were about $337,000,000. Comparative
figures aro: '
sit,
13'5
Ocn Clear Pf
Underwood
siif,
Ocn Motors pref 91 i-nderwd T pf.. 113'i
.00 ' n ftr I new r.Ta
ilA...l-leli it V
rinodrlrh II r fM
nrinl'V Mln . 7
(luir scaies ran "
naif St H 1st pf lni
llartman Corp . nJ
Havana .Lief -lit
I Ilomestnko Mln nl
, Int Arrlcul nref ;tt
Int NleKH Pi. i"
Iowa Central .
I Town Cent rf
Jewel Tea
1 Kelly-Sprlnij
Keok i. l l
I Laclede (las
Lie ft M T
I I.lg ft Mcra
i.lK .,".' i"l. "','. -vviw.m Co
ruCrlo 4 IV pf 23 ' W son Co
! kVitul. I Tl?i ?2i i' iiiiTfl-
Lone lsl rfa pf. HO
Union Pso nref.
United Alloy Stl S1i
T'rlt Clir Str pf 102
1'plted nruir ... nn
do 1st pref .. no
do 2d pref 7.1 .
Pnlt Pun Ilrd Itl'l
Until Its lnv nf 12
... c l I I K r . ."-
inJ c s cii-ii' rr an
inL. 1' H repress, . 1,,
il ? f si rtenlty Imp 11li
,l' do 1st pr-f... 50
a.. - l 'all sec ioiii (I'
ll, wanasn prc-a 11
. . weis.t-arco
lllilli West Pac 11
ft
nf
Worth J' S. 31 .
IIS
7r
17'i
10
00
III
33
no I.vuns (Is . .. . 7r,4,
270110 MnrsellUs (la ... 7.1S
anno md Knn ft t 1st 4s r.iPa
2000 Met West nf chl fts S2S
3.10(1(1 Mn Par arm 4s.. . Mt
4000 Mimt poucr 3s. . K7
21000 N' O Tex ft Mix 3s. 3.-.
iniio n v Air Jirnko Os. nn",
r.oun N Y (.' I. h 3tk.., 70tj
a.'ion X Y O ft II (is. ., si)
,1(100 N V C ft Stl. 1st 4s S2
21100 X Y City Pia 1H0.I nil
20HO N Y llwy ,1s . , . Is
anno X Y Tel n 4'ia. SO
2.1(100 Xorf West 4s... SIS
27000 .Nor Pac 4a . ... S2!s
.11100 Ore Short I. 1st (Is lot
joon Paclno Trl 5s. . MS
17000 I'enna Ken t 4Sa sn
sono Pere Marciuetln (is 7SV,
sono Itendlns sen 4s . Ml,
jiiihki ltep lr ft St .is ins
41100 nwv Sill Spas 5s '31 P7S
lnon St I, ft S I' ajt.. S(l
3000 M L ft H 1' III . 4(l
milHI do her A ... n4',
'.'(sin s A ft Ar 1' 1st 4s r.nS
2100(1 Senli.l A L adj ,1.s 47S
7000 bouth Pac cv 4s 71
IsiMio do cv 3a S7
lcioo do rfd id ... 77S
tlionii South Hwv ueti 4s r.7S
1 liBin do eon 5s . . . hoi,
2111111 Tenn C ft Iron Us. S7tj
2nitiiO Texas Co (li .... tin
3IOOH u H Itubher f.s... 74
lonn do c.s . . Mini,
r.iino t; s h ft n (is .. n4S
.TiiiihI IT s Steel H P 5a.. lid
inno Cnlon Pao cv 4s MS
7(liiil U K of 11 II ft 1 5s IKU,
111111111 ,io .i'.js mis . nit
1110 lo r.e,a linn ..til
'."mini do nijs new mm nil
42(10(1 34 H 1H21 SSS
loon IVnshln T 3S . 7d
(',000 West Llectrlc .Is., uti'i
MIS
r.n!
S7
31
PUS
70S
MS
S2
nn
is
S3S
MS
sis
lot
7K
hi
nit,
7S
r.e.',
40 1;
r.4
fins
7SU
sua,
77 S
07
nnt,
S7S
ni',
74S
liBIVJ
ins
ins
sm
MS
nils
111s
ins
?,',"'
H3S
7.1S
.r,s
MS
S2S
r.iS
S7
:n
wis
701,
ss
S2
nn
is
Sit
sis
M'i
101
tinvi
sm,
7S
M
n.m
H7 ,
nns
4111,
r.i
fins
?7st
57
HO' s
S7S
nn
74S
lociS
H4S
H4S
SIS
HIVJ
unu
114
hi;
S7J
711
ili'A
Tollll sales. Sl.Sin.OOO.
tt. 180,000 on Saturday.
compared with
COTTON ENDS FIRM
AFTER POOR START
Better View oti Italian Situa
tion and Bullish Ginners'
Operations Help Market
CURB ISSUES FLUCTUATE WITHIN
NARROW LIMITS IN QUIET MARKET
Heavy Tendency Noted Due to Liquidation, Usual at
This Season Houston Oil Con
tinues Strong
NRW YORK. Dec. 17.
Trading was generally quiet on the Droad Street Curb, with the major
ity of Issues fluctuating within narrow range, but us a general thing tha
market showed a heavy tendency, duo In part to tho liquidation which la
usual this season of tho year. Interest In which bankers nro concerned
held fairly well, with trading generally at around the level which was
established late last week.
Tho oil stocks generally moved within a narrow range, but Houston
Oil was exceptionally strong, continuing its upward movement and was
traded In In fairly largo volumo at 2C'4 to 2Si.
Other oil stocks held closo to Saturday's final prices, with Midwest, an
exceptionally weak feature, dropping from 95 to 90. Mcrrltt sold at 17 to
17,4. Cosden at CVa and 6, nnd Oklahoma at CU to C3i.
jetna Explosives was steady, trading in that stock being unusually
small, amounting to less than 3000 shares at Tji to "?.
Wright-Martin was also traded In, selling nt G and 4;.
Submarine Boat declined from 11H to 1114. General Hlcctric rights
told at 113-10 and li.
Mining stocks were geneially quiet. Magma selling at Zlvt, Klg Ledge
lci and 1H, Xlpibslng at S,4 and 8U, and Mason Valley at -l'i. United
Motor sold nt 15.
INliUSTKIAl.S
Hid
7 "4
3
2
Attn. 1. Lxplosivcs ..
Am P.rlt Mfg
Am Mnreoul
Am Writing Paper.
Air Reduction 30
Canadian Car Co... 11
Can Car & Fdy pref. 40
Charcoal Iron 7
Chevrolet Motors .... 02
Cramp 0.1
Curtlss Aeroplano ... 20 ',4
Carwen Tool 7
Carbon Steel 70
Lmerson Phonograph A
Federal Dvo IS
Heinle.; Mfg lu
Intcr-Lubs 2
Kathodlou Ilronze pf. 1
Lake Tor Boat 3
Lehigh Coal Sales... (1.1
Lima Loco 30
Maxim Munitions,...
Marllu Arms 84
X Y Shipbuilding 40
X A Paper Pulp 2i
Otis P.levator 10
Poole Lng An
lteddcn Truck 13
Kcripps-Iiuoth 3
S'S Kresge w 1 60
Standard Motors 7V4
.Steel ,Alloys 7
Hubmarlno 11
St Joseph Lead . . Ill
Todd Shipbuilding . 63
Trlungle Film .... 74
United Pioflt fahar .. 'U
U S Steamship. ... 3
United Sugar SO
World Film
Wright-Martin Air... 6
Sat. close
Ask (sale)
7"i 7
A
:i
3
05
10
50
7Vj
(11
75
27 ,
0
73
54
00
18
43
7Vi
63
70
26
0
20
214
3H
33 '
MINING STOCKS Continued
Sat. close
Hid Ask (sale)
7-37 0-32 ',
Stewart
Tonopah Extension
United Verde ....
West Unci Con . . .
White Oaks
Whlto Caps
Yerlngtou
34
03
3
6s
Ilethlchem 3s
Cosjlen Oil 6s
Cosden & Co
Cudahy 5s
Itusslan Oovt o'j
do !;
Southern Itnllivay
Sinclair Oil 6s. .
Todd Shlpbldg 6s
14
10
HONKS
OOTJ
70
70
5s.
SI
30
40
01 V,
01
1
30
00
07
71
74
07
311
40
00V4
34
60
IJ
14
44
37
H4 3tt
Local Bid and Asked
Today
Pld Ask
American Stores...
lirlil J 'I
llunalo ft Susq t c.
do pref
naldnln ..
Klertrlc Stnraao...
Ocneral Asphalt....
do pref -
Keystoiio Telephone
X
Total sales. 432.000 shares, compared
with 283,400 shares on Saturday.
Ex dividend. .....
Tobacco Products preferred. IS : Ltis-ett
ft Myers preferred. IS I Kelly-aprlngflshl pre
ferred. 1'i-: Klectrlo Storage, It American
Can and Foundry, 1 and 1 extra American
Car and Foundry preferred, "IS,
30
17
53
52
4(1
14
So
d , c (in
Lake Superior Corp JOVi
Lehls-h Navleatlon. 57
I.ehlnh Valley MH
Pennsylvania sai,
Philadelphia Llec. 22 S
Philadelphia Co.... 25
do n per centpref 27
I'hllrdelphla II T t c 25 ,
Iteadintl 0JS
TonoiMh Helmont.. 3
Tonopah Mining.... 4H
Union Traction.. . 37'$
United (las Imp.... Ill's
t'nlted States Steel 8IV1
York lly
do pref SO
Win Cramp ft Bens. 72Vi
31
r.a
411
Saturday
ril.l Ask
34
2'4
47
15
52
'i
63
10i
57V,
88
2H
29
2.1 '4
li',f
as
4't
as
111
MS
u
32
73
SO
17!i
5K
47
52'.l
47
14
50
II
no
10K
00.
25
2N
si'4
371
(1.1
blS
n
30
75
isV4
r.o
40
52S'
4H
15
52
1(1
US
lit
is
21)
30
2.V4
07 S
8'4
5
3H
0
32
jW
Central Coal Resumes Dividends
Dividends on Centre I Coal and Coke
Company common stock have been re
mimed at tho. former rate of 6 per cent
per annum aiic, hi, ihwii ui mrct, 1
and a half years. The resumption Is the
result of prevailing prosperity In thejjRnuary ..
coal and lumber business. Regular quar- March ....
terly dividends of 5 per cent per annum 1 j'uai5J ""',
have been maintained on the preferred, I September.
NEW .YORK COFFEE MARKET
NEW YORK, Dec. 17. The market
for coffee futures opened unchanged to
6 points higher today with a good out
side demand for the late positions.
nii the directors have declared m perl
cent On this claw of stock and a- dividend ,
ISatur.
Open Hlth Low Closa doss
7.02 7.07 7 0.1 7.07 7.0.1
.... 7.27 7.27 7.27 7.22
7.3(1 7.SS f.SK 7.4S 7.37
7 511 7.58 7.5(1 7.50 7.23
7 70 7 78 7.73 7 70 7.70
XI JW YORK, Dec. 17
Helped by a more optimistic view of
the Italian situation and bullish reports
as to ginning opeiatlons, tho cotton mar
ket was firmer today after It had sagged.
Thero was talk that mllla were asking
shippers to rush their cotton nnd that
manufacturers had appealed to tho Gov
eminent to make It possible to hurry the
staple, as It Is needed In filling Covet u-
ment orders
Liquidation decreased as the session
advanced and shorts appeared to bo
nervous, becauso an Improvement In tha
technical position of the list was ap
parent. Whllo admitting that the question of
supplies of coal was uncertain many
traders declnred that conditions would
be righted In a short time and that
operations at the plants would proceed
without Interruption.
Lariy rallies of eight or ten points met
Increased offerings. There seemed .no
fresh news factor connected with tha
selling movement, but old longs were evi
dently Inclined to close out their con
tracts for over the approaching ginning
report and the holidays. March sold off
to 28.13, or about 21 points under Sat
urday's closing figures, with the gen
eral list showing net declines of 15 to 28
points.
There was enough buying to steady
prices around this level and cause mod
erate rallies, but the tone was unsettled.
In some quarters It is apprehended that
the fuel shortage will Interfere with do
mestic mill consumption and uncertain
ties in this respect may have been a fac
tor In the decline.
Hat'dav-a
etnas. Onen.
SU.HO
90
41
21
12
70
10
70
X
12
1.1
73
1
33
!4,
2 i
63
7
I
41a
674
December.
January.
March ...
May
July .....
Spot .....
:o.n
28.75
214.41
2S IS
27.93
8 SI
2S.50
2S.25
23.03
ft
lllrh. Tjow. cioi
311.10 20.110 111.
2.17 2S.no 29.17
28.77 28.1S 28.77
28.5.1 27.02 28.5.1
28.80 27.03 28.30
30.30
BAR SILVER
Zinc Concent 1
STAXKAItll Oil. STOCKS
Illinois 173 1S3
Ohio 280 233 280
Prairie Pipe 23.1 24.1
Stand Oil of Calif... 0s 212
Stand OH of X J.. .40(1 491 490
Stand Oil of X Y....2S8 242 233
lMlLl'LXllKNT Oil. STOCKS
Harnett OH & elas ..I ife, l,1,
Cosden ft Co n ! ..
Llk Basin 3'i n 11
Fvdeial Oil S 2!i fli
Inter Petrol II?; 17 111',
Houston Oil 30 30'i 23,
Merrltt Oil IT'i 171, 17
Midwest Oil 00 93 07
Met Petrol V4
Ohio Fuel 14 17
Oklahoma net 6 6 374
Itlce Oil 3-32 14 14
Sapulpa Kef ,. 8 314 8',i
Sequoyah 14 Vt
Sinclair 11 13 11
United West Oil 9-32 i'a Vi
STOCKS
MIXING
Alaska Standard .... 6
Atlanta 1 8
Big Ledge 114
nisbeo Cop (a pros) ',4
Dutte Copper & Zinc. 014
Butte Xew York ... 4
Cal & Jerome il
Con Arizona 114
Denbigh Sliver 314
First Xatlonal 1
Qoldfleld Merger ... 3
Goldfield Cons ...... i'
(loldfteld Florence.... 7
(ioldnelrt .Kevvanas .. 4
Oreen Monster 14
Ilccla Mining 4 94
Howe Sound H
Independence Lead., 3
Jerome Verde iV
Jim Butler 73
Jumbo Extension .... 13
McKlrdey-Darragh .. 74
MagrmACopper ,.... 38
Mother Lode 37
Mines Co ot America, 14
Xevada, Hills .......
13
10
194
7
1
1
1
li
z
s
t,
714
814
194
"oh
74
1
Its
iw
4
474 4H
3 SH
S 4
s
78
13 13
r
40 .40
30 18
IK ..
13 ,. .
MV.:t4.
o 10014 ..
CAUSE FOR HIGH CALL MONEY
Local Bank Statement for Week
Shows Decrease in Reserve
In connection with tho putting Into
effect of the 6 per cent money rate to
day an advance from fi per cent pre
viously, good cause for the tightening of
the market locally Is evidenced In the
weekly hank statement.
KxcesR re-crve of all Clearing House
members decreased 3,136,000 and Is
now but Ju,234,0OO, Cash In vaults
held by, members of the Federal Heservo
decreased 3442,000. Deposits of banks
fell off 18, 780,000, but there was a gain
of $6,334,000 In Individual deposits.
Thero was apparently somo calling of
loans, that Item being reduced 317,517,
000. As a consequence of the withdrawal of
Liberty Loan deposits, etc., the total
amount of Government deposits with
Clearing House members Is now but
127,393,000, against tS2.770.000 a week
ago and 171,375,000 three weeks ago.
Details follow:
ALL
MUMimns
Dee 17. '17
Increase
J58S.129.0iMl '.IT. 517, 000
1,776.000
5.024.00(1
s,7so.non
6,511,000
103,000
3.S94.0OO
162, onn
S.SSO.OOO
Loana
nachanai- IMearlns:
llouse ... , 2l,fi0n.0QO
Due from hanks 124,55ri,niid
Hank deposits 104.907.(1011
Individual deposits 472,22.1.000
Tlma deposits . 3,767,000
Keservca held . 37.20fl.000
lteserve required 52.042,000
l:ia reaervo . .V2A4.000
MUMiums rtn.sEitvK system
Cash In vaults 10,045.000 ' 142,000
ltrservx held 47,510.000 !. 884,000
Excess reserve 4,su0,000 '2,143,000
TnUHT COMPANME NOT MBM11EP3 OP
RESERVE SYSTEM
Reaarvo held .... 9,780.000 1,810,000
Eiceas reserve .... 335,000 M, 713. 000
Decrease,
In addition to the deposits above there'
were this week $21,393,000 Government
deposits, against which no reserve Is required.
MONEY-LENDING RATE8
XKW YORK Money on all periods
today was quoted at 6 per cent.
Up to the early afternoon today cons
dltlons were not appreciably changed.
Call money was quoted at per cent
and that rate was again bid for loans
on fixed dates on Industrial securities
collateral. Loan rates on good mixed
were nominal at &!ifi6 per cent.
Prime mercantile paper continues quiet
at 5;4T6 per cent and prime bank ac
ceptances are Influenced by the firm col
lateral loan figures to the extent ot ma
terially reducing activity, nates ara
unchanged from last week's quotation of
4Q5'. per cent on eligible.
rillLADKLnilA Call, .6 per cent!
time, 6B3S per cent. Commercial paner.
three to four months, 6,4ftSH per centi.
six months. C"wfi5i; ncr cent. "
LONDON' Money 4 per cant.
changed. Discount rate (or anort
tH
i.
Paris mtm QhM ?
t li -Mr.tt. aHar
Trsna,-..-T-HT v-. i27rr-z-;-"2-i.t
a' MtSNC Of
P-siMI
'.' . c
Ll
i , Um - ofimfnoti;,
X.plMii4T ........... 114