-- ' ' '" ' ' - - .' " l ; - Ma -v ' .- ' . - . s ,
w
I.
I'f-.
If
v
LY. BROCK CO.
BANKIII
INVESTMENT
SECURITIES
GOVERNMENT
MUNICIPAL
RAILROAD
AND
public Service
corporation
BONOS
3N CHESTNUT STREET
rHtLADKLrillA
dlThc Financial Outlook
From the Invest
or's Standpoint
.?-!-
i K
i.
-.iJ
HtX
&
IW
Send Tor circular.
Bonbright & Company
MOnniS WI8TAII STtlOUl). Jr.
Msnaser
457 Chestnut St. Philadelphia
New York
London
Hoslnn
Paris
Chicago
Detroit
Suggestions How
to Invest
Send for Circular L 143
A. B. LEACH & CO.
115 South 4th St.
9 Facts
Jto the line-
Kry Un or tpr In
new IB-pac booklet Just
t imitied. tell V Important
farta about nn Oil, Mining
nr Industrial atock traded
In on the Miv York Curb.
The Us. IncludM over
J
400 Stocks
Itlvlnc par wiue. capital
tttock. divldf narrate, high
and low level for the
month and ear and
other figure for vest
riotket reference that the.
mestor can't keep In his
memory
Send for Booklet S09T. U.
JONES & BAKER
STOCK BROKERN
Wideaer Bidg., Philadelphia
Bell. Walnut 1090-1.
., Kexstone. luce 22011.
New York llo.ton
Chlesso Pittsburgh
Direct Priiats Wires.
-1 ;
JOSBS BAKER.
IFMener tsldo.. Philadtlphla, Pa.
Tou may Bend me your vest pocket
reference booklet.
Xamo .
Xiirft
City....
Stair
.KiO-T. U.
PROPOSALS
-tttVe. DEPARTMENT OF THE CORONKR
tV .will receive bide for supplies for 10i.
&rsVhedula on file In Coroner's Office and can
Z ..fea examined an aay unweta w ana a
(.;,: a'clock. All bids must be sealed and will be
"',"aanad. DetemMr S. 1117. at iz o'clock
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA! STOCK PRICES,
STRENGTH COMES TO NEW YORK rYstoSsZto f J)LMIST?TTI1
STOCK MARKET NEAR THE CLOSE '
llllh Low Close
Activity and Increased Values Cause Bullish
Enthusiasm Following Long Period of
Dullness Tone Is Cheerful
m
'JOSEPH A. MA1ION. Chief Clerk.
DIVIDENDS
RtSr.
Ji&
3?-
DIVIDEND
.' THE BARRETT COlirANV (X. J.)
K.f,, iwfA- quarterly dividend of One Dollar and
". .1:aetx-tve rente (81.78) per share hae been
Veclared on both Common and Preferred
.& 'Capital Stock of The liarrelt Companr.
-'. 1i.m I.M. anH fha Prfrri1 Rlot-l; Huh.
f ?oJ jHSTlptlon Receipts of the American Coal
M.' FaOCiUCia l.onipsu,, pajauie ui, .inwid
." mMm m .m .nn..MA atnft hnttiitrm tt r.nrH
r'Xsit the rlose of boalnrsa December -0.
.., .nil Jsmisrv 15. 1018. to the I're.
lerrecV stock holders of record as at the
VetsH of bualness January 1', 1018; on Jan-
('.wrr 15. 1018. to rreferred Ktock subsrrip-
t9L. vtmmm.iT., hAltt-rs of th American tTaat
VFroducta Company of record as at the close
l- 'iai, business January 2. 19 IX.
' fi -- - . ErtNEST 1. STKEn. Treasurer.
ism:
:-'iIai
IXOAX. AD-ERTIEMENT8
BKTATE OF DR. JOSEril M.
MAlATEtTA. Deceased Letters
antary on the aboe estate bavlnr
;-rranted to the rrovldent Life and
Company of Philadelphia, all persons
ea to ine ssio esiaie are requeeiea to
ryment. and those .having- claims to
the same, without delay, at the
of the vald company. 4uu Chestnut
t. Philadelphia.
M Asa a. rviMG. President.
High Points in Today's Financial News
fllovk prices Improved, ttith n Inlc increase in aclfllj, oh A'ctu I'tiffc
Sfocfc KxcUpnoe. Oil shares advanced on the Curb. Oats and ration were
hlphcr. Utile 0 interest developed in the foreign exchange market. .1
special dividend teas dectared by the Central Tlallicau of AVio Jersey.
Announcement u:as made that the federal Government ti'oiW (jsiir uric
ccrflficnfrj of indebtedness, dated January 3, MM. Directors of the Phila
delphia Company reduced the common dividend from 1 to 6 per vent, liar
silver teat unchanged.
NEW TOKK, Dec. 1?.
There was an InfuMon of stiength and activity In the Ftocl; market
late In the afternoon, following a lone period ot dullness In the precede
part of the day, on which a number of stocks made advances of from 1
to 2 points, creating a show of bullish enthusiasm amoiiK the tradlnc
clement on the floor and making the tone change to one of sreater cheer
f nines.".
There had been some pressure In evidence In a number ot stocks
early In. the day when American Tobacco dropped .".points lo 125. and
Texas Company soVjJ off 2 points to 1lS!i. bill the range of prices In the
list generally during the. .first half of the day was narrow and the tr.tn
actions consisted of the operations of the professional tpeculatlve element.
New York Air ftrake by that time nttracted attention, ndxanclnsr 6
points to 109, but otherwise early trading was listless, with both com
mission house clients and banking Interests apparently Indifferent to the
course of prices. The upturn In the afternoon was most pronounced In
Distillers Securities, which had a sudden advance of 2i In 22, and Indus
trial Alcohol, which sold at 106, advanced to about 108. New York, On
tario and Western responded to the declaration of 2 per cent dividend,
wllli an advance of 1 to 1j.
United States Steel advanced from SI U to S2. and other Rteel in
dustrials, including Ttcthlehcm Steel "B," moved In the same manner,
making moderate gains after shading off slightly in the early tratllnp.
Liberty Honda continued pressed for sale from some quarters, bond
brokers so far being unable to trace the source of the ordern which
caused these Issues to sell at lower figures. There was heavy trading In
tho Liberty 4s. down to 97. and the 34s, which sold In Hie day at 9S..M,
declined to the new low record of 98.39.
MONEY-LENDING RATES
M5W YORK Money on call opened
nt 6 per rent; high 6; low 4?i i last oj
closed 4iW3; ru'lng rate o'.j per cent.
Time inline)' continued unchanged.
Kales on good mixed wcro nominal at
S'itX per cent.
Prime mercantile paper remained quiet
at 59i WC per cent. Kates were un
changed from last week's quotation at
AV3'i per cent on cllglblcs..
l'llH..l)i:i,rltl. Call, S per cent;
time, SWS'i per cent. Commercial
paper, three to four months, S'.i'iluij
per rent; sl months, BVSIfG'i Per cent.
FOREIGN' EXCHANGE
NirtV YortK. Dec. 18. There was no
Indication nf active business In the
foreign exchange market In the early
dealings today. Sterling displayed firm
ness, Swiss exchange was strong and
lire ere steadier. Otherwise there waB
little In the market to report.
Quotations were:
Demand sterling 4. To,",, cables 4.76,',,
sixty-day bills nominally 4.71ii 4.714.
ninety-day bills, 4.69'.; 04.694.
Kranc cables. 6.71 ft. checks G.74r.
l.lro cables, 8.22.j, checks 8.234.
Swiss cables 4.27, checks 4,28.
(iuilder cables 433,, checks 42';.
Pesetas cables 24.16, checks 24.05.
Stockholm cables 354. checks 36.
Chrlstlanla cables 34, checks 334.
Copenhagen cables 33, checks 32 4,
LOCAL MINING STOCKS
TONWAH STOCKS
.tlm llutler Tl .
MaeNamara IT.
Midway "I
Mlipah Ent "I
Montana 07
Nerth Hmr in
ncu Kula 07
Wcit Knd r,
1 J0r.I)FtKt.tfT0CKS
Atlanta en'i
I Itlue Hull "1
! lUoth '01
Klainondlleld R II 01
i rly n-J
I Kewanas 0
foro ni
Sand Kndsll nt
I Silver Pick 05
! M1SCEI.T.ANKOVS
j Arizona T'nited . .
Nevada Wonder . .
. Tecopa Mln
UH'j
M.i
n.
.0.1
n;
.:
.n;
is
.ts
I n
23
LONDON STOCK MARKET
tjonrion N. Y.
la:30 n m. enulv
Atchison M'i "!)'
Canadian Pacific .. . inn 1.VJJ.
ChxapraVe Ohio. ... 49 If.'.
St Paul . . . -t'l'.i .!.
Krle 21 i'
do 1st pref . . .11 , J's
Illinois Central . ... Ill 4 vjtj
LoulsMlle Nashtllle . 113 107.
t'entral Pacific "O'i (l"1.
PennsyKanla 404 "i,
Ilesdlne 714 ns'f
Southern PsrlUr S4 sn
United Htat-s Steel SK 3i,
Union Traction 112 1004
Net
chce.
24
l 2t.
i;
ii'.
4
.
Reserve Banks' Discount Rates
Offlrla! rate of dlncount for "ah nf the
twlee IVderal districts are as follows:
nays-
BANK CLEARINGS
IlanK clesrlnsa today compared with cor
responding (Jay last tno cars
tnlT 1910 191.-,
Phiuda. i7o.MK4.n2i t.v.TS2,mn tas.smi.sm
lioston.. si.-r.n.-.'jj 13.214. 741 s.l.Rti.im
K. V. .O'Kl.lBl.fCS 8011,377.0411 023.033,074
l. I.OUIS l.iML.Hi.i ..',.-n,,,n,i I,,4tl,ltiO
,ioj..ui.
Dalttmore 8,1
8.031,014
.r,2ll.690
I llnstun . . . .
I New York . .
j Philadelphia
Cleveland . . .
j KUhmond . . .
Atlnnta . .
Chlcaao ....
St. I.oule
Minneapolis
Kansan City . .
Dallas
San 1'ranclsco
4
X
UP
Over
1
to mi
i'ii
4'.
4'
ft
ft
14
I
I '.a
14
(Her
on un
m mi
'!l
ft
44
14
44
4
44
Jersey Central Pays Special
NEW YOrtK. Pec. 18. The Central 1
Railroad of New Jersey declared a (spe
cial dividend of 2 per cent out of the
earnings of the Lehigh and Wllkes-Darre
Coal Company The dividend Is payable I
December 31 to stockholders of record
December 27. This Is the first Lehigh I
and 'VVllkes-Barre dividend that has been '
paid by the Central Railroad of New '
Liverpool Cotton
LIVERPOOL. Dec. 18. Spot cotton
was quiet today on the basis of 22.2 Id
for middling, old contract, an upturn
of 6 points. Sales 3000 bales. Receipts
26,000, Including 16,600 bales American.
Futures ere quiet In the early dealings.
Old contract spot prices were: Ameri
can, middling fair, 23.42d; good mid
dling 22.73d: middling 22.2ld: low mid
Jersey since June, iDlo. in the Interval 1 dllng 21.68d; good
four semiannual dividends were omitted, 1 ordinary 20.16d.
under the orders of the couit Recently
the ruling was relaxed so as to permit
the Central Ylallroad of New Jersey to
receive and distribute the coal company
dividend. The company also declated
the usual semiannual 2 per cent evtra
dividend, payable December 31 to stock
of record December 27.
ordinary 2i.69d ;
BAR SILVER
INACTIVE NEW YORK STOCKS
Following are quotations for Inactive
New York stocks and In which there
were no transactions today. The price
given is the last pravlous sale:
Adair Express. 115 TWl)Iard r tn
Advene Rum.. S JI ! : T pref .71.
rtavnro jium pi -va -.-...- j 7V-
Today Test.
London tpce ) 4.1 43
N. York- lets.) 824 8o!i
Tues.
42',
854
1917
Hle-h I.oir
56 .1514
1084 714
ii
AXNTAf. ELECTION'S
.HMVERB AND MERCHANT! DANK
. t7 3014 Market street
,'fcMrii,lnhla. Pa.. remhr 17. 1017
MRM annual meetlnc for the election of
ora 01 (ma ivnn will w nciu ii (iiq
: nouso-on xiwaaar. aauary a. taia.
. in nours or a o-ciock ana a o'ciock.
c it. rATr.. issn i e r.
Y or ArcorjxTANTS
ftWRENCB E. BROWN k CO.
1ERB11IP
RBAL.ERTATE TRUST RLDO.
DjkTK-ai aiuum ranTnuKD
ITIOIM DISPUTED ACCOUNTS
oraeK. Wataan. C. P. A.
w. txrmi ceiaia iru niaa,
IS ' TA.S REPORTS
rf Neie; York Pays Extra
C'tORK. Dec. 18, The Bank of
itfln 'addition, to the uUatienl
dividend -of '41 "hare, payable
Syto-.bolders .of record Pecem-
T-
Gtt. PaMM DiTpiewl
k-lI.J-jThf Kastern
" WS aWfcPVe
nK,i,1tr
DIVIDENDS DECLARED
Duqu !. JsUht Com pan j'. rfaVulur qiinr
trli of IK ptr cnt on. preferred, payable
tVhruarj" 1 lu itocls of rct-nrtl January 1.
Uldf Avtni- Pa.Tigrr Itallwav, rular
(luarterly uf lt rr ahaie, taabl .lanuarv
t as r?a.itTfd LMmbtr in, BooUa cloae
DcembT ir, opfii .Tanuary m,
.pslty Kubbr t'ompany. rr'ilar nml
annual of 3'i per rint on preferred tok,
payable January 1 la to'k cf rrord D
wmbtr 31.
National Caiket Company. r'C-iUr quar
terly uf l'i vr tent, payable December 3t
to atock of record December 20.
International Traction Company, regular
?uarterly of l'i per cent on 7 per cent pre
rrd and of 1 per cent on 4 per cent pre
ferred, payable January to hotdera of
record December 110.
Chulmera Oil and Oaa Company, Inc.,
rerular quarterly cf per cent on preferred,
payable January 1. Books close December
20 and reopen January -'.
Central leather Company, usual quarterly
of Js per rant on common to;k. payable
February 1 to stock of record January JO.
New Tork. Ontario and Western Itatlroad.
dividend of 2 per cent, payable "January 14
to stock of record December SI.
Air Reduction Company, regular quarterly
of tl a share nn common and i per cent on
preferred, both pavabltf January 16 tt atock
of record January I.
laUnd Creek Coal Company, regular quar
terly of 11. 170 a share on preferred and f'-50
a ahar on common, both pavable January 1
to stock of record December 2S.
Geofitfa Llabt and Tower Kalhvaya Com
yauvm retrular quarterly of li per cent on
.U HUIK Ui
preferrrd. payable January -
reroru ircemner -i
iiicnican
tlmeatont and Chemical Com
panv, rrruUr quarterly or ! per cent on
preferred, payable January )3 to stock of
record DecemberJ..
'rw Kncland Tf lephone Company, reyulsr
quarterly of percent, payable i ptcn,br
SI to etock of record December IB.
American Telephone and TU graph Com-
Sany. regular quarterly 11 share, payable
anuary 16 to atock of record December 31,
.Westmoreland Coal Company quarterly 4
per cent, payable .January 1 to atock of rec
ord today. This Is the same rata as de
clared 3 month ago. The dividend deea net
apply tOj the new stock authorised: by the
merger.
Kansas City Southern Rttlro&d Company,
usual quarterly t per cent on preferred, payable-January
IS to, stock of record Decem
ber SI.
Cotton Buyers and Sellers
JfKtr tOC nee. IS, .Unuiry-r
i Ulordan. llapcdqrn, nml Heidenbfft;
...'aWlatrcd n exra dividend of jblut SchlU. T. ilton, Card&zaf Monletvand
i.irui ouciiu.
March 3ternbicNr. Mltcl1l anrtJI.
Gumoens b!d ; Martin. W. Gumoens, Car
dosaAnd Ger offered. .
May Con p Hyman. JUgedorn, , Me
Fadden. Cone and Grn bld.'Schlll,
Hnts. Martin, Hountrse, Gecr and Ss-a
olTered; - ,, .
jpIyWanmanI and Seval bid; Cone
I tiwwwmt' wi w. sv
rjwm4 1-
m
in;
irtlT .M air-1 a
an ti,.v.s. ka At rii n a .
aj i.uuusi ,, fv w-""m.imn lcn
Am 4sr f!hni nf tt Sfay Dr.f . '.V.5.
..... -i Mar .-.. .... ri
,(, rxuiraa l. , " 'l ! jT
Am Hide i L 11 ' Pet pr,J
.'Mil isinarrif .
Am l.oco pref
J ... Ilols
Am Malt pref'., r," Jont Io
Am Hmelt Pf A P01! V;"r" Kn
a - c..-. - Ills) ,l A.
ami iuair yi-i.i"" .- ; "' in ,. tiut
ft in Kmnntra n" U."s ! flati.la . -"'
,-.,., ............ . -- ,, .""' I tlf III!
. 2.V, - ami Cop"r ?;
" .1(1
Pf. u
Am Tub of new Ml 0-1 L K pf'tnnu
TM.jr B2'j V."! r-n Stp rf .
Am T '
Am T t Cable.
Am Woolen
Alaska (lold M 1
Alaska .Tun .. Mi
Allls-Chal IS!,
Am Beet Sugar nil
Am Can M
do pref . . . . nn
Am Car & ! (Vi 62
Am Int Corp. . 2li
Am If & . pf. 4',i
Am t.lnseed pf OS
Am Locomotlte 7i
Am Malt (Mi
Am SnieltltiR. . 04
do pref . . loo';
Am .Snuff. ... it
Am ft 1-Mrj . . .VJ'4
Am Suitar . . Ol'.i,
Am Tel & Tel OS
Am Tobacco .15 .'.-,
Am Wool pf . . . e,s,i
Am Zinc & I, . I Ha
Anaconda . . . .l.li.i
Atchison . . . 70
do pref . . . 7'
At Oulf & W I 0i,
Hald Ico Cu S3'.',
Bait A Ohio 4fl'.a
' neth Steel sift
do n. .. . oo'.i
do pref I r . HI
HiMoklyn II T. 7',4
Bums Urns ino',4
ntitte f, Sup " IS.
Cal retiolrtiin. losj
Oftiiadlau Pae I SO ',4
(.'entral Leather no'.',
do pref . os
t. erro de l'asi'0 20
t 'handler Mnl . no
thesa Olilo. . 13'!,
CM 'it West . . H'
Chi JI d St P SO
' do ptef . . .70
Chi & North SO",
'fhl n U- P t f 17
do 6 pc pf t c 37
do 7 pc pf 1 1 (0
Chile Copper . . I;
Chino Con Cop. sl'i
Col (Jos A Wee 20'i
Consul (las . . 70',
Corn Products. 20
do pief . . 00
'ruc'lili- Steel IK'n
Cuba Cane Sti. 20",
do ptef 7S
Deere Co pief. OH,
Del & Hudson 031
1 I, & W. .170
Dome lllne ",
Distillers Seen. 3
Krle 1'.
do 1st pief
Gast-Wllhns
(!en lllec Co
(Jen Motots .
do pref . . .
Or Nor pref.
do subs. . .
(ireen C Cop
Mask & Har.
Int Arjrl.
do pref. . .
Insplra Cop .
Inler-Con Corp
do pref
Int .Mer Marine
do prrf . .
Int Nickel . . .
Kansas City So IS'j
do pref ... . 45:u
Kennecott Cop. '!0''
Lack Steel .... 7.1",
Lehigh Valley. S'J
Lnulsv & Nash 107ai
Mackay Cos pf . SS
Maxwell Motor.
May Dept Sirs.
Mex Petrol . . .
51 St 7 & S S M
Midi ale Steel. .
Mo Kan & Tex
Missouri Pac
do pref
Mont Power pf 03V4
I Nat C & r .. 2li
N'at Ulscult. ... 0714
'Nnl C & S SO
Nat Vn & S.. SI "A
, Nev Con Cup. 10',i
1 N Y Air Hr..lo',4
New York Cell 00 ',4
N Y N II & H. 28
N Y O & W--Noif
& Vest
North Anier
North Pacific .
Nova Scotia S
Ohio C.as
, Ontotio Silver
Penn it 1!
I Peo (las A: C
Pere Mam. w 1
, Phlla Co . .
, Pitts Coal . . .
1 Pressed Steel C SO
do pref OS
Pullman P.il C.108',4
Ry Steel SprinB 40
flay Con Cop. 20
neadltip; 8"A
P.endlriK 20 pf. S4'!4
Hep Tl 011 & Stl 73
Itoyal Dutch . 07 ',4
Saxon Motois. . S'i
St L S V ... IS
St L & South. 22 '.4
Seals Roebuck. 12S',4
Stattuck Air.. IS'.i
SIuss-Sli S & I SS
Sinclair Oil . 2',;
South Pacific . 70'
' South It P.. . . 23
Studebaker . . 431,
' Sup Steel 33
do 1st pief. .
Tenn C & C iv I I
Texas Co. . . . I20s
1 Third Ave It It 16
Tobacco Prod. . 44',i
I'nlon Pacific, .losti
Unit ClKur Strs ss'.i
I'nlted I'rult 112
Cult Ry luiest 4T1,
do pref . . . Il4
I' S lnd Alco. I0H
f S Rubbet . 40 ',4
in
ii,
is ',4
0.14
S3(,
88
0IN.
fi
to
08
48.
0
00
lflfl',4
S3,
S'!'4
Ol'd
OS",
12S
88i
Ills
78',
77i
92 U
S'!
40
08 't
08U
03i
30'i,
Hi,
Hi
IS (4
00
si'.;
88
01
10
88
II "1
0'.4
OOiJA
100'i
B3N.
S! V4
0I'
07
178',,
88",
I l'i
SS
70
rts.
Net
'.i
u
!
!i
4 I
ON NEW YORK CURB
Trailing in Other Slocks
Drags, With Fractional
Price Changes
Sales in PhUadelphia
I- '.'4
I
1
-t- 'S
-I
V4
-t- Hi
H4
1',
!i
NW YORK. Dec l
Reports that the recently created de
velopineiil company had dlscoicred coml
pindurluc properties for HouMoii ol1
caused ticorous buying of that etock
npaln tod.i.i. on ulilcli Its pi Ice rose t"
3l'j, n Kaln of seven points In tin" las'
two d.i.is The strength In tills sinik
caun'il a belief tune In the oil list gen
erall.i. ulth Metrltt adianclng In 17 "4
and Midwest Refining moving up from CI
to 93.
Theie was artlie trading also In Chei
roiet Motor, which 11 as bought by Ini
poitant Inleiests ndviinclng from ot lo
00
Tiadlng III ntlier storks dtaggril to
consldet.ible oxtent during the gieater
patt of the daji and price moipmenls
In the general lll neie limited to small
fiactlons.
10'., 1H0' -2',ii TheieAtas a geneial amount nf line -
I3U I3 N 1 ness In Aetna IJxploslies. which solil at
loi i '.4,7 and 7'.. Wrlght-Xlartln tanged
120'4 IW'from 0'u to fi, and Curtlss Ainiplniie'
SO', sold at 27
Submarine Ihai was ipilet, selling ai
II and II ',
Theie wasH giiml deniaiid foi Tilangle
Kihn. which wa traded In at 1 to I',
with nn lni"reiied d'-maiid following the
return of the preildent of the enmpan
I10111 llw Pacific roal.
ilenetal IClcctrli- rights were lower
selling at I 11-10. following the decline
In the prlrp of the stock.
Interest was attached on the Curb In
the apparent abandonment of the manip
ulation In Tile Ledge, which declined In
1 '4 other mining stocks were steady.
Willi Untie 111 8'4 nnd Ri.
Slandaid oil of New Jersey wa old
ii, nt SO" mid Standard Oil nf New York
al 210.
IMII VI'HIAI.S
77 A'ni (las.. 80
lollelhsil u n'i
38 Cam Iron it
23 Llec stor. is
20(1 Key Tel,, ni
LkSpCtp .
I. eh Nav, .
' Leh Val st
N.MIiiclilll. st 14
20 Nev Cons J4
"1 Penn R it ijs.
0Pn Salt . ;'
'"4 I'll Llec. 14
7.70P IITlr is 14
Phil Trac on
SO" Ton Rel.. 314
tTon -Mln. s
27 I'll Tlai' 35 i
"'I' 7 I... 'OS
t Cos. V.I . .
37 IS I- s Steel 824
SOW Ir ft a s'.i
tir .t a s. 4 ii,
cramp
Low.
70
8 ',4
42
10
8 ',4
Net
thge.
'.
1
I
37
SI.
101.4
I3'i
7?t4
I2.i
2S"A
80
211
S
3714
814
Close.
80
88',;
42
10
8'4
tin ',4
tS7
St
S2
I0',4
I3"i '.i
214
14
A
77'.
22 ',4
2.H4
00
211
S
31',4 I
814 T-
420S
814 87H 1
8 8'.4
42 '.4' 42 li
t72V4
I0i
I78'4
S7 V,
98
2S'.
Oil
I3i
0'.
384
OO'.a
80 Ii
18',
30 i
4S,
IS'.i
37 !i
70 U
78'.i
28',
0(1
I0L,
20
S2'4
S3' '4
48
88,
OSIi
01
3?'i
08
2S4
00
13",
fl'
38i
00 i.i
80',
11
Mi
IS,
IS',
31 'i
20 ',
70 U
28
mt
1 HI,
20'4
CJuotatlon gt en l yesterday's close.
, l"?1. "'e. S014 abarea, rnmpared with
;.8l lire .le.terdal lbn far lhl week.
HBI nrr,, -4W
"4 ,
'4
4 '
i
4
I1.S0I lmrei name period
IKIMts
ISlnii Lib llonds R ''
3"s . 08.80
I88S0 ilo ts . 0J.30
Pjnon l.eh Val
'o.i I ,s I on
1300 Phila Klec
1st us OS
I mill Reading
gen 4s so.
l'ulal iialea, 802,2SO, eomimre,! with fls,
I.Vl jfUcrdari thus far this week, CllO.lOOl
siiine period lat week, SIO.SSO.
Net
Low Tin. rhse
08.20 08.20 . .
07 01.10 . .
Hill 100
0314 OS '. '.,
80', 804 I ',4
Local Bid and Asked
. 31
121
. SO.
. II
. 81
. 23i
33 '4
30
III',
33 '.4
30
II
4A
18 't
7714
2.V.4
22U
IS'.i.
00 ',4
70 '4
4H4
3?a
23
3 8 ',4
104
00
I3TA
1014
00
.134
0',i
434
30
12 '.4
2S4
30 ',4
Ha
lts too'.
20
II
111
31
118,
83
13
83
23'V
33
311
II".,
32
38i
ST.
30 4
174
7S',4
2SU
IS',
4S"i
28i4
724
Sli
10714
S8
22 '4
IS
08
70'4
II
34
22',
38',
OS',
10V4
871',
SO
331i
I0'i
III
00
2714
10 Ii
IIS
43.
11i
00
334
3V4
4314
OS 14
12
2S4
38V4
SO
S
IOA',4
40
20i)4
6714
3414
714
0714
0T
13
7214
124
IS',.
3
2S4
78
2214
41.
33
00
12
I IS'.i,
10
43
10S14
H31i
108
4 '4
IH4
107
4.T,
Vt'.s
031.
I00T4
01,
31
II
2"
31
l-'O'i
80',
13
83',
23i
3S
30
III',
:i.i'v
30
314
'4 4
111. I
li
"4
-11 J
3014
1814
71'4
2S1,
IS 14
434
20 U --
101
S8
t't
Ai'tna l'ii!nsli,"- . . .
A Ill-Ill II ih .Mfg
Am .Marconi
Auifr Writing Paper .
Air Itcductlnii .. .
Cntuidlau Car Co . . .
Can Car A Kdy pref.
Chati'iial Iron
Cheirolet Mi'tor-
Cramp
Corliss Aeroplane . .
Carwen Tool .
Carbon Steel
Kiiierson T'lioiingtapli.
federal D.m
Hendep Mfg . .
Inler-Lubo . ...
Knthodlnn Ilione pf.
Lake Torpedo Hoal . .
LchliUi Coal Sales .
I Lima Loco . .
Maxim .Munllloni
Marlin Arms .
1 N Y Shipbuilding
'4 I '
4,
Mllp
; . .,
4314
00
IS'.i
114
34
224
3814
9$ 14
1974
87 Vi
no
314
lfl'4
I08',i
no
274
I9V4
11(1
43"',
791i
00
33-.
84
1314
85 ',
12
23,
30 Vi
no
OS
10814
40
20V4
68
3414
72.
67 14
1
I 5',i
Ii
4
IV4
Nor Anier Pap
Otis Klevator
Peerleis Motor
Poole Kng
, , I Redden Truck
R Scrlpps-Ilootli
'" ' S S Kresge w 1. .
h, 1 Standard Motors
n? Steel Alloys
a; I Submarine
ij j St Jorepb Lead
ioou niiiiiiiuiioiiig. . .
Triangle Film
Unit Profit Sharing.
J S Steamship
United Motors
United Sugar
World's Film
Wright-Martin Air. . .
Zinc Concent
tt
II
111,
0k
44
IS',4
Vis
Ak
0
3
3
Ml
111
00
73
28
I
IS
I
I'll
73
SO
1.
on
33
21,
40
12
(Sal...
OS'.i
Today Yestenlsv
llift Ask llin Ark
Im-Tj. en Store. 311 34 .in 34
llalilwln ... S3 S3', SJ 2's
Drill J ll ... 17 .. 17
Huff Snvi Ir ctfe .Ml S3 '
In nrf ... IS .. I"
Kl-.' Slorsse . . 4M, I'll. Ill 41
ll-nernl .lephslt It IS 14 1.1
ilo pref .Mi ;, ill .VJ
Kejslone Telephone Si, '.I h's I'
il.i ir itfs S 01 Oil 03
Lake .Sun Corn. in3. !'" I' "'I.
Ilileli Navlaatlon S7 f.7', r,7 r. . '4
Lenlsli Viilloy .. St, .-. ftl'i S2.
IVnnsvlvnnln .. 13', IS', 43', 43'i
Phil Kleclrlr . BB' J2'f '-.", 221s
I'hll.i I'ompatO' l'i .'. - "0
In per cel.t pf -, Xll 'J7 20
Phlla It T Ir ctfe.. .'.', tfSls '- 2S's
lleadinir ... os 0-iL 7. us.
rn ll.'tnvmi . 21) S 3. S't
Ton Minlrg ... 1 I'. I'. .4,
I'lilnn Traetlon. 37', 3s 37' SS
I'll I l!4'. Ill's 01 's OS
C S fieri .. h2's S'." M's SI'i
Ynlk Hallway s 11 8 0
lo pref 311 32 311 02
Cramp & S'on. ... 7S SO 72', 7S
114
STAMIAItD Oil
273
780
. . .733
Illinois
Ohio
;4 . Prairie Pipe
Stand Oil Cal 700
., Stand Oil N .1 488
"" Stand Oil N' V 238
'4 1
u iniii:i'i:mii;nt on. ,s
I Harnett Oil & (Jas. . t
! Cosden A Co O'.a
! Illk Dasln 0
I , Federal Oil .. 2(4
Inter Petrol 1154.
4-1 ! Houston Oil 354
H4 Merrltt Oil I8',i
la I Midwest Oil fi
-4- '4 I Met Petrol ',4
jotilo Fuel 14
'4 I Oklahoma Refining.. 3i
4 , Rice Oil 4
4- 14 ' Sapulna Refining.... 8
ST4 1-4 ' Sequoyah 4
13 4- V4 Sinclair 10
2214 I I I'nlted "West Oil A
4-H4
in
7
8
IS 14
73
1
i
4T4
IS'.i
IS
"i
0',4
283
28S
24S
213
4U.-I
243
INACTIVE PHILA. STOCKS
Following are quotations for Inac
t've stocks listed on the Philadelphia
Stock llxchange and In which there
were no transactions today Tho price
given is tho last previous close:,
Allinnen Ins 111 l.eh Val Trans 27U
Am Oas War.. 114 I.eh Val Tr pf. 81
Anier Mill .... 10 l.lt Tiros 2.".
Anier Stores . . 32 Little Schuylkill M
Am Stores pf . 112 North Cent 77
lliirr jC- Hn.n rf ,11 tM1n Cn 2S
Ruff It Susij t c 00 Phils Co cum pf V;
. mi
. 414
J . .203
(ln Asphh.t pf. 2i IT H Steel pf..lnl
Ini Co of N" A 24Mi West Cosl ... .27
Key Tel prel . . 54 York Rwy pf.. 32
l.eh Nnv rights
1st pref ... 17'i
nun at .usj 1 c 011 i-niia n 1-1111
Com Steel .,..110. PUT
Con Trac N .1. 06'-, Ilwy Co C.en
lien Asphelt ... 14'4 tin Cos N J
LOCAL TRADING CONTINUES LIGHT,
WITH MOST PRICE CHANGES SMALL
Rapid Transit Certificates Are aTrifle Higher, but(
Remain Inactive Storage Battery and Penn-
sylvania Salt Decline
during today's Hading on the Phlla
dclphla Stock Kxchange. and, with few
exceptions, ptlce changes weie small.
Among those exceptions were losses of
I point each by StoiaKe Battery and
Cambria Iron and a decline of 2', points
foi Pennsyliatila Salt, out these reces
sions were recorded mi tilfllng trans
actions. The tepoiled shutdown of the plant of
the Klectrlc Storage Ilattery Company
yestetday may have been the Influence
that caused a loss in that stock, but
since It has been learned that woik In
the plant was onl partially suspended,
due to the coal shoitage and because of
the announcement today that operations
had been tesumed, the Street found lit
tle tncentlie for weakness In the stock
and It was the general belief that the
loss was only temporary. At the same
time It was thought by brokers that
the further decline In Pennsylvania Salt
was due to the adjustment of this usually
Inactive lue to tin- present market con
dition and the absence of a maiket for
the odd-lot offerings
The continued Increase In tho Rapid
Tranlt Company's gross earnings as
shown by the flgutes for November,
which came out this morning, did not
Little actlilty deieloped In any Issue cause a sensational adinnie In the price
01 mat company's certificates, nlthouBls
they advanced a fraction, with sales
light, Those close lo the management
said that, while the net was somewhat
less due to opetallng expenses, general
satisfaction was hcatd over the show
log. It lias also pointed out that lm
pCDvenient could be expected, especially
If the new lease was apptnied by Coun
cils, because tho certificates, at their
present prices, would yield buyers
around 10 per cent on their monev.
Railroad shares did little today. Penn.
sylvania declined d fraction. Lehigh Val
ley was unchanged and Reading, al
though aclli e In New York, did not
appear on the tape all day. Philadel
phia Klectrlc was unchsnged after be
ing off a fraction, and United Gas Im
provement lost a trifle. Tonopah Bel
mont lias one of the most actlvo home
stocks, and declined 1-tfi lo 2 15-16, a
new low record. United States Steel
common did not show Its usual mo
mentum, but was higher most of the
day.
Liberty Bonds were ,,ot dealt In as
heavily as jcstenlay nnd ended the
session unchanged. The 4s showed much
more activity than the 31. s nml ihele i
irne inrieo iniougnoiii tno clay.
New York Bond Sales
l!nno Am f'en Sec
Sssson Anslo.Krencli
leuun Am Tel as . .
Soon Armour Co 4'
Juno Atenisnn sen
is
Illih
. 112
S3".
. SO'i
. S2,
SI
Low
Ill's
SO".
82',
SI!',
Close
l,
S2N
MI'i
"-'!
snV
SO
ssi,
73
71
(II
701.
Ill',
'" ' Ml'
nn, iic!
.' i!
ni
71! .
1.
S3
000 Allan Co I. 1st la kn
21M111 Halt Ohio 3'is. SS'j M.-.'i
22000 do Is 731J 7:1
lonn dn r( l,i ..71 71
.'.000 naldwln Loio S... PP. nil
nilono llordeaux 7ip, 7.-.I,
jeinm con Uolt Ss 1B2I. 02 111',
,., nun no os 1112(1. ... Illli,
linii Cenl Loath 1st n. ml,
2(1(10 Chill Copper 7s.. IIS
3IIII0 Ches Ohio 4'j. 71
31111(11) do ronv Ss . . . 72's
AIIIKI Chi (It Wesl 4s . n.'l S3
10KKIO 1 11 q joint 4s. P2'4 na'i
2 1 C M t, StP rfil 4'i ll.lli 3',
23(1011 ilo ronv 3, . . 72'. 71 ti
4IIHIII tin cl' l's . . . 07 's SKI
r.iiiin r It 1 ! rfd 4s r.01, MH
sr.llim Cllv of Paris 0... 74' T3'.
22(10(1 Con (las ronv fis. 1111 PS',
ir.nno Cerrn de Pasco Ks.KII lot
2(inn Chl Ilwys ,1s S2 S2
IllflO Den I Itlo Or Is. 1.3 03
1(100 I)l Secur Corp Ss 7ll'j 70'j
1110(1 Krle ronv 4s Sr n BV$ 38
10711(10 French Hep 5'ss . Vi, 02
IIIOO Iowa Central Ss.. . 7!l 711
SHOO III Steel deb 4te.. HIT, til?,
11(1(10 III Central 4s 1U52 7S 74
I0O00 Intern .Met 4'is.. Sl'.i SI',
21000 Inlcrb It T ret Ss 77 7'
moon Inter Mer Mar 0s ss' ,S1
10(100 Japanese 4l,s. . pn P(l
3.100 do new O S 4',s 711 7S
moon (lo new His. . . . 110 no
10(10 La 4 Ark Ss.. .S3 S3
2UIKI0 Lon 0s 70', 7S'i
20011 Lack Steel Ss 1P23. US IIS
KlillHI La Sh deh 4s 11128 H2's S2'i
033000 l.lbertr llond 314s 08.S4 08.38 08.44
I2284MMI do 4, 118.30 01. (ri 111.02
03.VSI lo 1st 4s. . in. 11) 1)7.11 111,14
0" ,
so',
7114
nn
101
S2
1,3
70',
3H
112
711
oil,
74
si'i
7U
7(1
mi
S3
70',
11.1
S24
I
j .More U. S. Certificates to He Issued
"" i The Federal Reserve Hank of Phlla
II I dclphla has been advised from Washing.
Ion that there will be another Issue of
' j j Treasury certificates ot Indebtedness, to
I bo dated Jnnuary 2, 1918, bearing 4 per
4i ' cent Interest and maturing June 25, 1918.
LI The Issue Is similar' lo the one recently
I Issued under date of November 30, no
I specific amount being offered, and Is' es
014 ; pecially for persons, firms nnd corpora-
tlons having funds to Invest In anticipa
tion of Federal taxes.
14
014
014
Philadelphia Co. Reduces Dividend
PITTSBURGH, Dec. IS. The Phila
ilelphla Company has reduced Its com.
111011 dividend from a 7 per cent basis
to C per cent. The company declared n
quarterly dlildend of HJ percent on its
common stock, payable January 31 to
holders of record January 2.
t4iiiin Marseilles lis ... Hi'i
.111(111 si k r Isl IS., Pll,
I nun ilo w I ,1s OSs SO
1IHKHI do c m o . . .S3'.
(limn do lis PS,
.10(11) Nat lube .Is . II4W
23.1110 Sfl't 1II...M
IllllO N V Cllv 4s 1057 S7
Bono N V Uwy oU Ss. 1714
10(10 N Y W C 11 4'4n 40
inno North Pac 4s . . M2
.Kino I'enl.n sen rt 4',, s HSU
I2001I Penna rn 4'-s ... 00
1011(1 do 4'is 1021 . . 117
inilll Pere Marquette Ss 7K
12nnn Reading ten 4s.. si
nnni) Itep I &S Ss,... P. P.
3011(1 St L A H I' ait . . SO
HII1HI do In 40
liiiinii do s-r A.. .. si'i
201111 III i' M fc M cu ts S7
1hnnn s A A 1' 1st 4s on'i
13110(1 HAL adl ,'.s ... 47'i
nnnn somh iietl ns.. . ot
lllllll South Vae cv 4s. 73",
liinoo ilo rv n so",
inilll do rfd 4s . .. 77.
21(100 South Ilwv sell 4s 37'.
sunn do con Ss no
140110 Texas Co 0s . . . 11(1
.130110 U S Itubber Ss 7 1 '4
11000 S S Steel s f Ss.. 0.1',
.1000 Union Pac 1st 4 . R3
4000 do rv 4s 82
40000 uk or on 1 ss on
120nnn do .14s I0IR ... null
1.111(111 do ni,s line.... 114
lmnnn do n',s new lot!) 0.1"i
117(1110 do .1', 1021 1.01,
2000 West Klectrlc Ss. US',
1100(1 Wlscon Cent gen 4s 73'i
nn,
so
.1:1 ;
1IMS,
n 4 ',
H7-
7.;
in
H2
S7'',
on
117
7S
S(l4
n.'l'.
.Ill
4(1
ns'i
K7
00 1,
47'..
01
73 Ji
Sill,
III)
I'SVs
74 ?
HI
S3",
S2
on;,
ooti
11314
n.iv,
S44
11 n,
73'J
70'j
no.
so
ns'i
liss
1141,
S7'
S7
1714
40
S2
S7'4
no
117
II3H
no
411
ni
S7
Kin;
'7U
04
73 i
MP,
H!?
on
nn',
7i;
04
S.V,
82
0.1'i
0!4
111
nnl,
so
HSU
73'T
Total sales, $1,773,000, eompared with
KI.3MI.0flO yesterdayi thus far this week,
an. 171,00m same period last week, ft. 040,-000.
HEAVY CLEARANCES
HOLD COTTON FIRM
Market Apparently Marking:
Time Following Recent
Violent Fluctuations
NKW YORIC. Dec. 18.
There was little fentntp to the deal
ings In cotton today, but In the main tho
market held well, helped by heavy clear
ances nnd a persistent Inquiry from
trade sources on declines.
in innuus quarters me opinion wan
expressed that tho market had settled
Into n rut, following the recent violent
fluctuations, and appeared lo bo marking
lime.
The report of the Census Bureau, te
be Issued at the beginning of business
on Thursday, ghlng the quantity of the
staple ginned prior to December 13, was
expected to bo bullish, but owing to un
favorable weather during the last period
It was not believed that the return would
ciuses any material change In estimates
as to the extent of the yield, Southern
advices showed little change.
Thern-was a finny of coloring shortly
after the opening, which sent prices jns'f
about 30 points above last night's final
figure. Trade buying was also a fac
tor In the ndvnnco to 2D.67c for March,
or 107 points aboio the recent low
level.
Realizing checked the movement
around these prices, and there were re
nctlons of 10. or 12 points from the.
best, followed by a quiet but generally
steady market.
December
.Tanuary. .
March
May . .
July . . .
Spot
Yes'dal's
l lose.
,111.111
211.17
2,77
28.33
28.30
30.30
Dlinll
3(1.20
211.2.1
2S.SII
28 .18
28.33
lleli.
.10.211
211.4(1
2.(I7
28. K.I
2S.SS
Low. Close.
311.02 3O.0J
20.22 211.34
2S.7I1 2H.BS
2S.S.1 28.74
29.44 28.44
28.44
3(1. 33
Extra by National I'ark Bank
NKW YORK, Dei'. 18. Tho National
Park Bank has declared an extra dlil
dend of 10 per cent In addition to the
usual semiannual dividend of 5 per cent,
both payable Jnnuary 2 to holders of
record today
Extra by Chicago Railways
NRW YORK, Dec 18. Chicago City
Railway Company has declared the quar
terly dividend of 2 per cent nnd an extra,
dividend of i of 1 per cent, both payables
December 29 to stock of record Decem
ber 21.
: !'.4
114 11
3S,4 30 'i
1014 17',4
03 VI
i i
17
ST4
8',
"4
13
14
12S?.i
IS'.i
.IS
e4
to 14
23
4S14
3.1
00
12
120
10
4I4
IOS74
HJ',4
1 1 1 4
414
114
108
4814
!4
M1NINO STOCKS
7
1-1
mKirn un uss.hi.i i-acinc aisii ...1
Tirown Ohoe ,. 81 Pan-Am Pet pf eb
nurno Tiros 107 Tan-Am P prior
Butterlck 10't ., Pf ct as.
Cal Pseklnr Co 8S Peoria East s
Csl Pet pref... 32!i Pere .M;rn pref. ,
Col t So 1st pf no E'erce-Arrow . xn'i
Cent S Am T. .Ilr.14 E "ee-Arrow nf o'
Cht Alton. . . 7 Jills Cosl pref. 71K
CM A Allen nf 23'i J t West . rnsT
Chl Ct W pf. 18 "lis West f R7li
Chl V W pf.ISBT, JubRerv N J ma'
ciuett.P'hdy pf.ltn 5",Jln 1't nref si'i
Com.. Tah . . a. f v Arms . . nn
Col PuM t Iron 8(1'. E' V, .J " ', ref 2.1
Col I- Soutl.. . 'i S"br',A L nref 17a.
Col A Mo 1st nf 47V 2"t,,V?0'1 '"f.1211
Col Fo 2d pf 42',, SI 7uR "i' HI
Cont Can o g?ulhern P.v pf .1.1
Con (1 BMP on S.IIS .M.1.1."'1 l'i
Cont Tnt Cat M 17'4 g nd Miqina pf ss
CruclMe stl nf ss (l'ut Motor aiil
Cuba Am Sue pf 08 .!.' Co rts ipii
Cuba Am 8w.. 14114 ,,. Pae.. 144
Hen Rio Or.. 0 Tidewater oil . Sfls
Detroit' Edison. 12S Tifn .P'od pf so
P.rls.Vd pref,,'. llll.J'M L V,.... 7n
Eleo'Pfor Bat., nil T T. w ctfs 8U.
Osn Chem ...,!S J" Bt L t, w pf, sn
Rsneral Clear .. 8W T " L 2dof cts,l
Otn- Cigar pf,. 0814 Trsnsue-Wms ..ST
Ooodrlch. B r.'. 3414 Twin City It T. 02
.Goodrich B P pf.100 JTndersrood . . , , 88U
Granbr Mln ... Mt Underwd T pf..luu
Onlf Btatea Btl. 8S I;n.B P new B?
Oulf St S 1st pf.lOS JJnJon Pee pref. TO
Hartman Cor..21 J'n.'t'dAlioy stl s.is
Havana. Elee..,101 ' t Cl Str pf 102
Hsmestaka Mln. OS United Drue... ns
Illinois cent ... si. ir prer
no
do pref A . . . 38
do pref B. . . IV
Wells Fargo K 71
West Mary . . I3V4
West Union . 1914
Westlnghouse . 3SVJ
Woolworth . 101
do pref IIS
Wheel & I. K.. X
do pref ... . 18
Willys Over . 174
do pref 72
Total sales. 312.100 shares, eumpured with
432.000 shares sesterdayi thus far this
week,, 70S.0O0 shurrsi.same period last
week, 282,800 shares.
Kx dividend American locomotive,
American Can preferred, 1, . Raski
Darker, " . lesas Kin. 2',.
38 38
10 IV -f sx
11 71 t
13 13 4. 1,4
77 1D4 4-
314 3SV4 4
101 lot r- ',
113 lis
8 X 14
18 18 ',
1714 174 !i
12 72 4- I
Alaska Standard .... .1 IS
Atlanta 8 1 11
Big Ledge yt 14
Blsbee Cop (a ptos).. 14 s;,
Butte Cop & Zinc. ... 814 014
Butte New York ... j I
Cal & Jeroma )) 1,
Con Ariz 1 14 14
Denbigh Sliver 3f. s,,
Kmma Consol 4 ,',
i First National I4 2
Goldfleld Merger 3 s
I (ioldlleld Cons ,, ,',
jOoldfleld Florenco ... 7 10
Cioldfluld Kewanas ... 3 s
Ulieen Monster V, "4
Heclu Mining 44 . 4i
Howe Sound SV4 3 14
Independence Lead... 3 s
Jciome Veide 14, 4
' Jim Butler 72 7S
Jumbo Kxtenxion ... 13 IS
Magma Copper 3714 3V
Mother Lode 27 28
Mines Co of America. IVi 114
Nevada' Hills S IS
Nevada Wonder .... 114 14
Nlplsslng 814 84
Ohio Copper ',
Hay Hercules .1 314
San Toy 0 11
Stewart 14 A
Tonopah Kxteuslon.. I 114
United Verde 34 14 .10
'West Knd Con 6 4 67
11-3 A
814;
Hj
4 1
In 1
2 A
a!
4l
14
314
White Oaks
White Caps
Yetlngton . .
i
11
IIOMIX
. ... 0614
12
1U .
laskell t
Granulated Sugar Unchanged
Bethlehem Ss
Covucii Oil 6s. ... in
Cudahy Ss 04
Russian (iovt S',s... 38
do GliS 46
Southern Railway Ss. 05 14
Sinclair Oil 6s 92
07
is
07
31
48
06 4
loon
11.32
67
14 1
t
84
37
7H
New Issue
$6,350,000
Cities Fuel and Power Company
Two Year 7 Secured Gold Notes
Dated December 1. 1917. Due December 1, 1919.
Authorised, $10,000,000. OiUstandiiiR, $10,000,000.
Interest payable Junelst and December 1st without deduction of 29
, Normal Federal Income Tax '
Callable in whole or in part on 30 day's' notice at 102J4 and interest.
Coupon Notes, $1,000 Denomination.
BANKERS TRUST COMPANY, Trustee.
Pennsylvania Personal Property Tax of Four Mills Refunded
Guaranteed at to Principal, Interest and Sinking Fund Payments and as to
all of the Covenants of the Trust Indenture by endorsement on each note by '
CITIES SERVICE COMPANY
HPHtiWr Juin; ieiwii, .
Int HITX J,.inv,, no "o rr.r -R
Int Nl'ksl'vf. ,J0S J!"' Pir. l-d t!i'l
Inter Paper ... ".Vi U C I P r 10',
Iowa Central 4'A '' 5 C'P.s- nf ,n'
toi Cent pf..10l ' E'nss,
r-w-l T-- SS4& 1T H I..H 4l Ke ..,'
. T.JJ Ut.l.,l.l.l1,lt. Cm An
VTt-nr TTITJV TV.- ,S -u- -J ' '""" eui.iraiiiS
..." .,,, m.. o. ,jic iciineo.
sugar market continues unchanged, with
?'u1rrirStaPtc NEW YOBK COFFEE MARKET
National and Pennsylvania Companies NKW YORIC, Dec 18. The market
S.6c. The Federal and the, Warner for coffee futures opened fairly active
Companies and Arbuckle Brothers re- for late months, call prices being un
malp withdrawn. Ijist sale In Cuban changed to an advance of 6 points. The
raws was 3.92c. The International Com-, demand for July contracts was Jielleied
mlltee yesterday purchased 07.10 hags, to be a continuation of buying for Ku
Venezuelan afloat at 4,044c inpiaii accitinl. poKillilv Knglaud.
Extra by American Surety Co. ih-nmi-r
NR WYOIIK, Dec. 18. The American' foTJn1.
Kllretv l?omDaill' has declared tha rn. t.iK. I. .
Ir quarterly dividend of I tj per cent I Xei'lember .. 7 71' 7.i3
and . per cent exinr. iiom ate payaole
.Ktlly-Sprlns. .. S8J4 V ftes'lv ton 1SU
leledn Oas 10 ' la'i Se- r,, ii
l.al!Erte W'.. ' Vf.Car Chin pf. H
LVTrl. W nf'7, ; ' p.e n n. I7H
Ll M T..,.IJt White Motors,, ss
Lis A Mrsr...m., IVIIson Co ,. .,40
Lis- M T pref, 100J4 IVIIson Co nf 1)0
Lss Buo Tlr. 12S vi.reptral ... 3)
.Lob Isl ,cfi st 40 Worth P rL M
More Gold for Mexico.
LNEW YOHK, Dec II. Gold coin to HAIMtOAD EARNINGS
the amount' of :t0,000 has been with- , CANADIAN PACIFIC
drawn frnm 'the .Subtreasury for ship, , - . ll7 - , increass
, er.--". -... mr-v 4j "';. .1 ';,i..ni
Oln llluh.t.on' IMos.'
I. IS 7.1.1
7.2:
7.112
7.1.1
7.30
7.08
7.1.1
7.33
7 0.1
7. NO
7.1.1
7.31
7.0.1
7.SJ
Yesl.
Clos
7.11.1
7.07
7.27
7..VI
7.70
December 31, to stock of record Decern,
ber 22. '
GOVERNMENT BONDS
2s, resistersd. 1830
2s, toupon. 1930 . .
Ss. resistersd, 1818
3s, coupon, lais
4s. real
Jm. nunoi
Ss, resiaterea, ipse
Rid
01s
BOi,
"a.
4sk
0.714
X I
upon. IMS Js OO'I
slstered, 1026 ......... .103; 10.1 I
upon, .IMS . 10844 10S
All
.i".'saaa4 to-Heexlaai'n' , 1 HevoisJ week, Osw. r,, l2,00S.OO0 ':ilv.ooo SsS leupon, l4r.i, ..,.,...,, o ...
We summarize from a letter of Mr. Henry L. Doherty, President of Cities Serv
ice Company, on. file at our office, as follows:
SECURITY These notes are secured by pledge to the Trustee of $16,750,000 par
value of bonds and notes, and by the pledge of all the stocks, except qualifying shares,
of five subsidiary companies.
INCOME The company covenants that the collateral will be so maintained that
the income from bonds and notes pledged, together with the earnings applicable to divi
dends on stocks pledged, will at all times exceed twice the interest charges on notes
of thisMssue outstanding.
SINKING FUND Minimum Sinking Fund of $125,000 quarterly.
GUARANTOR Cities Service Company has outstanding in the hands of the',
public Preferred and Common Stocks having a market value at preslnt quotations of
approximately $100,000,000.
Net earnings of Cities Service Company for the twelve months ended October
3!, 1917, including undistributed earnings of subsidiary companies applicable to dividends
on stocks owned by Cities Service Company, were $18,369,353.48.
PURPOSE OF ISSUE The oil properties of subsidiary companies of Cities
Service Company are now producing over 45,000 barrels of oil per day. The proceeds
of this issue will be used in large part in the further development of these oil proper
ties, which work is of importance to the Nation at this time.
LEGALITY All legal matters in connection 'with this issue of notes have been
. approved by Messrs. Roberts, Montgomery & McKeehan,. of Philadelphia.
PRICE, 99 AND INTEREST, YIELDING 7V.0
Descriptive circular upon request
14 Walt Street
New York
MONTGOMERY & CO.
133 SOUTH FOURTH STREET ,
PHILADELPHIA
Union Bank Building
Pittsburgh
This information and these statistics art not guaranteed, but
have been obtained from sources we believe, to be accurate.
...Ii,,...
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