ylK n . lyUMVMIHT PA KCHRITIES IV, i.r ' uuvtrxrsivi&n i JC- MUNICIPAL , RAILROAD &? AND PUBLIC SERVICE CORPORATION BONDS !"':. .... .sB4Ee?sr ;tmbntinui " rUILAUliUIIIA (ffQIf TtlE FINNCIlL WORLD-fNEW TOIN p JOCK Wm CHANGE FROM LOW LEVEL pV York Stock sSST iSlJF? J5S? ' SalcsinPhilaTclihliT, improvement comes to the local . ABRUPT CHANGE FROM LOW LEVEL BRINGS CHEER TON. Y. EXCHANGE Many Stocks That Were Weakest Early Show Good Gains on Vigorous Upturn Balti more and Ohio Lower Hiyh Points in Today's Financial News Xcw York stock prices uere much higher generally at the rinse, fol lowing tccnlcncis that rnme. niter 11 stronger opening, llaltlmore and Ohio Itallroml uas murh lower, due to the director' delay In dividend action. Com tens higher and rolton Improvctl after declining. Dullness iontlnud In the foreign exchange market. V.xtfa dividends tecrc de clared by the. I'lrcstonc TlYc Company, the Kensington Trust Company, of lil eltg, and the fidelity Trust Company, ol Xew York. A stock dividend of .1.1 -.7 per cent teas announced by the Ohio Leather Copipany. Uar silver advanced. Vl. w The Financial .Outlook From the Invcst- or's Standpoint if Ss. 4' & Send for circular. r'TlrtiiKriiilit R- C.nmnnnv 11.'"'"' r " 3. unMtllM XVIKTAlt STltOUO. Jr. L ' Manager 437 Chestnut St. Philadelphia -a." . .. llHlnn I'MI-HDfl INIW ion. laUenaou HoMon rails (htruicn uviroi. ?l f The Coal Situation l ,?' . 1 t- - T).,.l,.... P.m. VMUitlre (liccussion ci ino com s.iuattuu F. fit, me present imw. u.s "" -u ' K" ' i") l-it.. Inl.il Itio In nil liHtiker-l ft fid fcV t1nvitori. A few copies an- atallabU k&ors INVESTORS SERVICE '4w -hn Moody, i'" . , ,rw lurif b j. r. ma mniiu ucn li ''" I 4 1 'Suggestions How Mfaj TO JLiivesi. kSHit, Send for Circular L 143 ;H A. B. LEACH & CO. 5b, 113 South 4th St. Credit Man h Banking Institution in Philadelphia-desires ?a first-class Commer- :$tial paper man, also a ",. Brain versed in foreign ; Exchange. &T- Kindly give full Ltlidata as to experience :?and salary expected. '"M A 1 1 communications .p?iw ill be considered AW?.,..,,1.r.;a1 Aflrlroaa tfjnJUli 1CUKCI WlllkE. XBW YOUK, Uco. 20. Thero wns nn abrupt chaiiRO from tlio prcvulllns early gloom to cheerfulness on tlic Stock UxchanRO In tho Inst half of tho day. In the forenoon the IcadlnR stocks, after u strong oiieulnK. were under renewed pressure, with many Issues sclllii!; at ivw low records or yielding to tho lowest prices reached In many years, while In tho afternoon huylne orders camo from many sources, causing vlRnroni upturns, and many of tho stocks wlUch had been weakest showed Rood net gains ut the enl of the clay. Thero wns 'a disposition to attribute this sudden change In market ton to relief over the announcement of tho Trensury Department construc tion of the provisions in the income tax law providing for tho deduction of losses from tho yearns rcvenuo on which tnxes must be paid. tVlillo tho market was at Its weakest tho level of prices caused a good deal of comment, with Mich stocks as Cnlon l'aclllc. Northern l'nclllc and Great Northern preferred selling at the lowest prices touched since tho silent panic of 19v7. llaltlmore and Ohio lellected uneasiness over the statement of Presi dent Wllllanl and dropped nearly 4 poin's to :I3'8. nnd many speclaUles yielded 3 to 5 point". United States Steel common then broke to 7tii. a new low for this movement, but there was a general reversal of the direction of prices after thee duotatlonx were recorded. Dullish sentiment late in the day was attributed to the action of the Anglo-Kreiich bonds, which moved up on heavy dealings. The strength became most pronounced toward the 'lo(-e when many Issues leached new high figures for tho day. .Most interest In the bond market trading was attached to tho AiiRlo-Kreneh r,s, which were traded In on a large ecale and advanced from 82i. to S4U. Liberty :i'4s weio nlfo heavily traded 111, ranging from 9S. 44 to the new low of SS.10. The 4s sold at 97.12 to 97. Floatitifi piipplll of Securities Scarce One of tho redeeming features ol tho speculative situation Is the gradual decrease In the Moating supply of tecurlties. It Is most noticeable on the floor of the Stock Exchange, where brokers frequently aro forced to bid stocks up two and threo points before recurlng an offer ing. In a nanow market like the present the factor of a negligible supply of securities Is overshadowed by other considerations, but In tho event of u sudden turn for the better in sentiment the shorts might find them selves at a grat disadvantage. Tho amount of stock carried on brokerage accounts is smaller today than ut any tlnio In several years. In the c?re of some commission houses it Is tho smallest since the war panic of 1914. What tho odd-lot buyers are doing Is paying cash for their securities and locking them up. It It estimated that between 23,000 and 40,000 shares have been going to tho Interior dally, which Is a large proportion In faco of tho inactivity of tUo market. The opinion wns expressed today by a banker that tho Studcbaker ! organization had become vastly more efficient In tho last four months. I Its Jlnanclnl position is steadily Improving. It Is understood that tho production next year will bo 10,000 motorcars. Tho company has decided " to divide Its plant capacity into one-lhlid production of nutos, one-third k munitions and one-third w.agon. i Overproduction Hits Spelter Nothing but a Government price for speller would contct I lie maiUet for tho metal, and tho Government, is not likely to hid tho price up on ! itself. The producers were responsible fur tho grent overpioductlou from 1 which they are now .fferlng. In a year output has been curtailed SO per cent, and some of the companies are employing only 25 per cent of their retort capacity. The shares of these companies aio ut the lowest levels of tho war period. ' The yield on Sinclair Oil stock now is about 20 per cent. It is esti mated that for the year the company will earn approximately $7 a share after the war "tax. This would lcav a margin of $2 over the dividend, ' which is not imposing. Tho company will not enjoy the benefits of its Increased rellnlng capacity for another year. ! The pool that Is operating in Distillers" .Securities is one of the most I resourceful In the Street. The stock's principal argument for speculative I favor Is a supposed high liquidation value. Jt Is said the company has a J supply of 12,000,000 gallons of whisky, which It is selling at $32 a cav The production cost was $5 a case. High l.ow At.isltn. (1 r.. lij l Alaska Juneau. 1 1 Allls-Chalm . . 154 1 Am llect Mug,, s dial Am Can .11 33 Am Car & 1-Mry 1 01 ,Am lnt Corp.. fit 4D4 . Am Cotton Oil. SI at Am II & I,..., inta tot. do prrf 41 4.1U Am Unseed, ... 3"; s:iv do prcf r,ji il7',i Am l.oco is 4ti; Am Malt prcf.. 3014 r.oi, Am Smelt cH 'il'li 1 do prof f!)j !n, 'Am Sum Tob. ft5i ..A 1 Am Steel I'Mry MH SI 1(Am Sugar .... ii.Hi osh Am Tel & Tel 09 Am Tobacco. .1211 1-! 1 Am M'ool .... !l!( 3s,i 1 Am Klnc & !.. IITa "' do pref .... 4n 3";i I Anaconda .... fisti BJ'S, 1 Atehlmn R IS do pref "0 . , At Gulf A V I U0t,i uoii Hald Ixico .... B314 301(, Haiti & Ohio.. 11 "i 30 1 do prcf . . niV4 f'0 IJarrctt Co . . Rl'li sir, I Uoth Steel . . . 1IKV1 Vi do 1) r,sii oilU i do pref t e. . 03 03 I v viv x xaxiviv o oiwx , - MARKET IN AFTERNOOIS TKA'UliNG v r,. 1 t t. 1 t- lOOAllla Ins. 10 ' II -r Prospect of Removal of Km- Am on t . 't 1 -r. m i m i i " v j bargo on Shipments East .'? 5 ? Peniwylvania Railroad Shows G o od Vigor and nniwM Kxciimi Mnrknt m isi "to 'Jw "ft 5lii -ii Advances More Than a Point Rapid Transit Nt Cloo lis. l',i '. S '.i 1.1'4 .. fl.i .. at 1 a-i h I "1 .11 1 CHICAGO. Dec. 20. St t& 1 Ittporls that a movement was under I0ti 1 l wny to chatign tho present maximum 44 1 1 prft0 0f n,j( ,,r, futures, fixed lust .Tunc, -J" n'and whlrli bus curbed speculation, but "' '' j has not checked tho advance In the cash .. - ..-- .......... ... ... - goon 011 the railroads against shipments .! (HI ',4 4- 'l ' Oil 5 4 - lift l llio .;,..l. cnusul 11 blchlv excited 09!)i i ' timr0 fur I'ltrit loduv and prut It into new high ground for the crop. At tho start there was a general tush of shorts to roxer and prices Jumped morn than six rents. On the rise there xvas general prollMaklng and xalues had a setback, hut good gains from the previous closo xvero iepcalc,d, with scntl tneilt IjuIIIbIi. President (Irinin announced that If. as a result of tho conferences betxxecn food ndmlnlxtrutlou olllehils and lepiesentu tlxes of Hid exchange and tho grain trade being held In New York, the maximum price Is removed or u lnl 11 intlin quotation set on the ensh article neither happening would In any tespett affect the f.tatuy on contracts now open A local paper paid thai grain men 314 tI 03 Id t 110 4-!, 1314 I !4 3814 "i llli 14 40 r.fi'i - Hi :n -t-i4 1.1 1 9!4 -t-H4 33 1 14 inli 314 fioi Sli Hti4 14 ! 4- li 08 0314 "4 Gen Asp 10 Ins of NA 21 .100 Key Tele Kli 103 t,k Sup I! mi, S.xol.eh Nav. 37 14 o;l.eh Val. fill, loMldvalo 10 Nor Cent . . iiol'cnn'lt It 11 Hi! r.iSalt.M ;: J3 I'hlla Co. s.Mi nil I'IiIIh lllee !; 1053 p JIT t !34 I'll Tract on IS11 Iteadhig . n H i IHiSTon lid. 3 5 III Ton JIli,. .in; llo fn Tract St", 013 f G I . . 03 10301" I' S Steel Ht'i 3 IV .1 & S. IJH AVest Coal . . Quotation glxen Is eterday,s closo ..I?'",1 "'" b'.'-.o liiirr., rampiirril nltli '.".'., ",,r"' "-t'f'll '" far II1I4 vrrk, Ifi.iOO Imrfhl s.ltix- iwrlml 1, 1. 1 wrrl., 'j, 03.1 liiirev. tfio . . 31 34 14 8 14 4 lov, ton 37 37 if, f tfc 30"', filU li. Ill 10 Ifc .. JJ .. 10?;. ii?i J-i'i 1 14 33!',' 33 'i li Vli, 33", 3l"!i 3314 14 OX 08 4 00 (Itli 1- 14 315 3 .. 16 114 16 3;4 371a .. U'i',6 113 ".14 8314 "-3K, 4314 '. 4 .. ttn .. Certificates Gain Also Stock xalucs Improved this afternoon nfler starting quiet and lower, and sox--eral of the usual leaders on the Phila delphia JJxchango tnadc subMatitlal galn. The market xx-as; also broader than It has been for isomo time, tho Increased In terest being a result of general Itu limvciticnt in New Vork, Pennsylvania ltallroad attracted much the fexv home snares that t.!iowed xveak iiess that nttracted attention, that Issue selling off a full point and more on light transactions, Luke Superior and Lehigh Navigation did not do much nnd held around yesterday's rloe through most of tho day, the latter gaining a Utile near the close, Keystone Telephone showed some 4 . ., .., l ... .. ... t .,?!, 4. iv I """i 10c muaiuiuiii iuiscu xo 91. u anu Hums Hros..,.l08?, inou los?i 1 '" "."".""",' m ' lsl" "'""' l " "''"" U8?s Cle... 98?; .Vel i hfie. Brook Ilap Tr.. 3? 14 I Hutto & Sun C J3 13i)i 13 Cal Petroleum. I or, lor, IOV4 I do pref 33 33 S3 14 Can Pacific 130 13T, 139 -t 1 iCent Leather.. 37 ?i S3 S7K, Cerro do Pasco !0 33 30 -u 14 Chandler Jlot.. no on oo 'Ches & Ohio... 43 4in; I3'i H Chi Ot West., n V, , do pref 1714 l3'-6 '714 14 Chi M St St P. 37 3nA 3714 4- '6 do 'pref .... on fllli oili 314 Chi & Nwn ... sfi'i 83 " so C ! uim ... 101a 1 HI 14 do fi p c pf t c !!iu, KSn :ir,i4 do 7 pc' pf t e lib tl tin Chill Copper . . 13'!, 13 1 3 "4 Clilno Con Cop 3K 30 38 Col Fuel .t- Iron 33 30'-4 33 Col Gas & Klec 311 3714 39 Consul Gas ... 78!i 77'4 78i i 'oin Prod 3X4 37?; 3874 do nref 00 00 90 Cruoiblo Steel. 8 do pref 81?', Cuba Cane Sug 30'4 do pref 70 Jeero Co pref. 93 Del & Hudson. ! n i. & tv ins Dome Jllnes... 074 fl?l '!i Distillers See.. 334 31T4 33'U l' Krle I3?i 134 13"-i 14 do 1st ptef.. 191', 18?', I!'4 '4 do 2d pref... 1S? 13?4 13?; I?; Gaston Wins... 39 30 30 la sent No. 2 ns a basis, it said that tho f ' present minimum Is too low and is fio 14 higher than tho best nf tin, saniplo , grades. Tho high on December xvas 1 1 .27n4 . tho low, J1.2G7i, nnd tho close J1.27U. compared xvlth $1.20 U, tho llnal quo tation of yesterday. The high on Jan uary xvas fl.27.,i : tho low. J1.23'3, and tho close, J1.2Sy l.2ITi. compared with 1.214, the dual nlco of jesterday. Tho best on Jtay was $1.'.'CI6; bottom $l.20Xi, and tin' final J1.23;i l.as.'.. i- ij, against JLlS-'i, cHterday's last price. " Oats al.io advanced Into new hlcl, gruund with a ruh of shorts to enxer and new Investment buying, because of taking ofT of the railroad embargoes eastward, xvhlch will penult tho fliB of the largest KaMcni ilemand xvhen No. 2 Is selling at 91 i.e. Trade xvas heaxy early but it decreased materially and pi Ices reeded Irom tho toll on 10 1!i 98 .30 16 3 4 89 89 4 on I no 130 130 3 93U 1)314 li 80(6 801, ,. 994 9914 .. 91 91 13?, I ,41. realising, although holding a good por- ,, , 1'1 Hi ,: u t,& (f , J 1 1-ollow lag aro 33'4 3014 4- '4 check,..,, ,,y the smallness of tho move tJL", lht"'1 93 70 93 9011 3 - "i 107',4 108 IT4 Gen Klec Co.. 130?', I184 130?', r. "an r' ' y T.KflAI. .IVHnTIM:xii;.VT8 iS KSTATK Ol" Ml.llM.X.N IIIIK., ll UpB7 ! reied Letters teatnmrnur en the Mots MUte hvlntf been granted to the imdreUEni. ill Perions Ipdebted to the Raid tat are requeited to make payment, nnd tjC.. (...In. ilulnt. ,n na.a.i. Ih. aam Kb I.'. ttthAiit Heiax. at tne offlea of ,he rorDori.. r- uflen executor. 4U'j Cheetnnt et., I'hll.-ul-luhu. - fij',, AUAll T. HORN. rTjfkNY OF rHIUUi:i.PIIIA. "'"rj. ASA S. XVIXQ. I'reeldent. . MONKY-LENUINfi KATES MltV YOUK Money on call at all INACTIVE NEW YOKK. STOCKS FntloTClnff are nuolations -for Inaetlx'e l.. ..... ... . ' . . ...,.,-.. .. neilods today C per cent. -ew ion, stons nnu in xvnicn mere Thnn monev is extremely dull, but . were no transactions today. The price ihero is an occasional loan at G per cent given i? the last praxous sale. tc- thirty days to four months on all Industrials or good mixed, xvlthout dls crimination Prhno bank acceptances are reported a shade firmer today at 4'i and 3?, per cent for eligible and B'j and 4'4 per cent for Incllglbles Prime mercantile paper is nanow anu ektatk of rn.XRi.ns urmi. IXKK. DKt'HXSKII letters IratH- Rtftrx tipol, fhe above eetate haxlnff lieen Mted to (he I'roxident Mfe und Trust Com. ftfrof l'hlladelphla. all persons Indebted to . kl eitate are requested to make p.iv- I anu inuav iinviMit piaiiiis lu prcseili sme without delay at the office of said any. 40U Cheitnut (.. I'hliadeiphlM. pAf. AA H. xvi.Nli, I'realdent. a.. mm mOI'OWAI.S niecutora. nominal at 5"i and 6 per cent Allan i:xpres.M: JJay i)pt St rf in, Adxnnee Hum . O'l ''x .XI' e Is' lf. r.J Adxanei Hum vt eoi s .xitr M pr. fi A3 Hutiher .. r.n ;'.'," ,',". ore:, an ,in .XKri nu, . . i. :vv.. .. ir?1 ..u An, Aur Chm pf a J St I' SH J 70"l Am fan pref. . . SS M K & T . a'i An, i:xpreae 7j ' ','a - nref. . . 3svi Am I.orn nref.. 94 Jlont Power pf iiji; Am Malt !!' iiort !" I-'mex 30 ,X,a Mmett pf A 00", ii"l"f f3 f "1, Am meii jt, . eu ;:-- A. v.w- vl '" . , in, ..y"- .J"8" SI .,! Gen Jlotors. ... 89 do pref . . . . 73?', Goodrich TI I'. . 33 Gt North pref. 81 Gt Nor Or subs 33; Gieeno Can Cop 3."x4 Haskell A: ll.irl; 31?i Illinois Cent . . 80 Inspiration Cop 39 Inter), Con Grp ' Inr Jler Jlarlnp 1911 do pi-ef 78T4 Internal l'.iper SBla lnt Nickel S3 U Kansas City So I36 Kelly Spring . . 37 Kenno Cop . . . 311?, Lack Steel . . . 73 I.eh Val 31 i Louis & Nash. . inn Max Jlotor .. . 33'6 do 2d pref. . ini Mex Petrol . . . mi -Miami Gnu Cop 33?, JI & St L new 7 Jlldvnln tlli JIo IMclflc 33'6 Jlont Power... HO Nat Anne . . . 30!', Nat C & Cable 18's Nat Hiscult ... 89 Nat Kiiam & St 31 Nat Lcail 38 NeV Coll Cop. H'li N Y All' H 110 New York Cent 0114 N V N II & II 38 Norf & West.. 91 "4 North Anier... II Nolth P.ielll... 7?i Nova Scotia, Stl fi'J Ohio Gas .... :i:i(4 Owens Bot .... 33 do pief . . . . 108 Penn It P.. . Il'i Peo (Ins & C. . 33 '. Pero Jlani w 1. I'!', Pitts & West. . lO'.i Pitts Coal 88 !a I 'less Stl Car. 3116 Pull Pal Car. .108 Ity Stl Spr pf 88 1 -a Kay Con Cop. . 3IH6 Heading ... . 07?4 do 2d pref. . 34 Hep lr & Stl.. 73i lloyul Dutch... 07 Seaboard A I.. 8!i do pref IOTi 83 73?) 33'i 7911 3 3 14 !I.T .10?, 80 3K?4 SIh 17?4 741 31"; 136 30T4 S8', 70"', 30?, 193 ... ll!-'4 7 11 23', 39 6 3l?i 00 30 io?4 88 3314 3774 10 103 03 '.a 20 U 03 ?4 111'.. 73 39 3!'.'. 88 2 "4 3311 ,2 81 -I 33 a; 1 ' B3',i .. 31 '. 811 I SO - I ment and a good Inuulrv for the -.-ikii at tide. The high on December xvas SOr; the low 7So, and the close 78icf( 7S'i;C. compared xvlth 77 '-e, the final .nidation of jeterd:iy. The best on Jlny xvas 7c;lho bottom 73"ic, and th,. nnal 7 l? Tj T4c. agalnn 73c, yesterday's last price. LendliiK futures ranceil as follows: Corn (i.-'wn.Rlh'Jrfth "" C'l08', ' '" 1-'7" I.T'. l.nri tl.L'Tl. t, e.m t ..Ta. i ..r,. 1 .. ,,L. . ..; ' :-. 11 r.5o' r.i'ii'j 1' ;'.i', m'.7u; .Inn. -Mav 1 l.lts llee. . . . .Ilill. IIIIMIs llli;li. l.ow XIIMIII ISalil Loc 1st r.s. us 100(1 HI & Peop Tr 4s. 7.2 73 soon Interstate Kys 4s 10 in 0330 Lib Ilomfc 3'is .. 98.30 98 lll.-.o l.lliltmirts . Is 07,30 97.9J 97.30 .10 3000 L V cons I'iH'n.l 80 toiiil do (i r.s.lno lonii do aim Ds. 130 1800 Phlla Klec 1st 5s.. ni'i 3000 Iteading Ken Is. 80 (j 20110 Span-Am In fis... 11014 1000 Welshuch Co Ss ..91 a,.?."'"'. "!'"' 2.0011. IIIIIIIMrril Willi sin. SO'l elerdil, 1 II111, fr Ihl. eek, Sllll.llillt Kline pel loil l.i.l eek, SI'LKOO. INACTIVE I'HILA. STOCKS nuotatlons for lnac 011 tho Philadelphia Stock Kxchango and It, xvhlch thero were no transactions today. The price given Is tho last previous close: Am G.i War.. Ill Lei, Val Tram S7V Anwr Mill .. .til l.eh Val Tr pf. 3H 1 .xrntr sinrea .. : i.lt iriw L.r, Am . Stores pf. :.me Sehujlklll fit I utf A: fuMt pr ill Xlln.lilll . T,! iiuff (. sust t 0 r.n p u t .....;. :: an, run . 4J itwy crt ttn .. 4'i 1 inn SUei ..1 in vn Cos N .1 ..Mr. fon Trac.M j. r,04 w Oas of N J..'jn-, 0n A",,it ... 14Ti U H Steel pt..lu:i Kty rc pret.. 34 Wnrnlcl. Iron. sti Leh Nnv rlBhts Win cramp. .. 71'a 1st prcf ... 17U York Ilwy pf.. 3.' ! New York Bond Sales 1 Interest by showing more slrengUi than jtlvlty. but Its price xvas unchanged. It has for more than week, nnd It aU- j ltitlatlelnliln. Hlectrle gained a trifle nnd xnnred more than a point to 41" after! United Gas Improvement lost n half to boxing been nearly ns low as the bot- 2i,2, a 7iew loxx-, but closed unchanged torn record for tho last forty years. The Tonopahs were lower also, Tonopab xvhlch It recorded yesterday. Lehigh Helmont losing a fraction and Tonopa'.i Valley xvas a llttlo higher, but Heading I Jllnlng dropping to 41j, a new bottom, did xcry llttlo and, until near tho closo, Steel xx-hh higher alter being oft, end xvhen It mads a fractional advance, Ing more than 2 points higher. It wns lower. West Jersey and Seashore Chandler Urns, is Co. today Issued a wns unchanged, llaltlmore and Ohio lost , special letter In xvhlch they explained 3' points on a single sale, the decline-, that the xxenkncsn stocks generally have being attributed to tho delay In dlxi- suffered lately xvaH duo largely to ths dend action. t liquidation caused as a result of Gox'crn- Itapld Transit trust certificates showed j meni xxar financing The letter also de. pinrked Improvement by ndx-anclng half I scribed at length the business being a point to 25'. 6 on odd lot transactions, done by llaldwin's Locomotlx'o Workr, On f. other hand, liillndelphla Traction tho greatest In tho company's history, lost a half and Union Traction xx-as un- and avlscd that Baldwin common xx-as a changed. ! particularly attractive stock at this tlm Klectrlc Storage Battery xvas one of tor Inx-estors, 7SJ, 7.1' 701, 71', tig' 73 L'b-.'7 2 1 i'O 24 117 III (IX 4.1 7(1 ,, . 124.17 21.37 2 12 21.1.1 '21. O.I 21.31 t2l.:i7 24.:-1 2.1.97 2107 23.01 24.3.1 24 12 -24.33 4:..0cl ti.-,.7.-. ir,.l(l f4.'i.."(l INnnilnal. 43.11 ' I3.0H Jtarrh.. 7.1 .Mav 7.1 l.o nl I'ec. . . " I ..nil .... ...... 1 '.4 IJ.'n, 24.42 1914 4-1L. ' , Ulld .87 -t 3',4 Jin y 24.13 23 . . , Pork .! , .. .tan.... 4.1.00 .'.4 " 1. Jlay... l.t ..-. 1316 , Mll.l t.Xskeil 30T4 ir. 5S'1 l!"j; COTTON IMPROVES ,5iw 1,::; after poor start 33'1 J 111 , 184 ?4 09 -4- I 'M?i 4 ',4 7 ' 4 111 -His 3'i - !i 00 2!i I 711 ' I',', 88 1 34 '.4 38 I 0'i '4 110 1 04'4 38 S CJood Inquiry. Larger Exports and Peace Talk Strengthen , the Alarket 108 1U'. 13 IS'"', 37 'a 49 31 Iflfl'i 108 88 ',6 88 30 "(I 03 h .131, 7IM6 (10 NIJW YOP.IC, Dee. 20. ' A good imiuliy finiu spinners, large exports from Galvfston, amounting to 27.130 hales, and lalk about peice strengthened the cotton tniuket today after It had mid off in the, foienoon. There XVero retmrfu ,li,.t 1..... ..c i.A ;cotliui taken up on December notice.. '4, had aheadv been imleieil .u.i r,. i,i. Ii4i ' '6 incut. The hulk of It, howexer, will Ku .V$ T "t Brn,lally In mills and for expoit It T'a J- 11 was said that none of It would be re ,,!, i tendered on Januaij. .a i-oi a tlmo trading was active, panic- ' ,4 ularly In the near months, January get.' ting u good deal of the buslne Will street, western and local tnteus'ts look '4 the buying side. !4 The early selling movement sent pi ice. .mum n ,.j .- pomis net lower, xvith March selhnii oft ut .'S.S2. or IIS nolnN - lllirli t.iVIOOO Vnsln.Piulli, r,t. ,v.-,(, 31 i Am Corn ,se .". . H2',j 2 1 Aluer Mi, & ltef 3s SI miKii Amer T.- .it is . si i j .1 i do .Is Mi 20(111 llo tvt 4j . .. Ml '.noil Amrr XVrlt P.ip r,s 77 2IIKIII .X", Itl-,,TI K, ti Is . SI I, ..("III All Co Line 1, Ih Vi i'lliiil Ikilt i, Olilo .'!',.. S-, 1.1000 ,,j r,s ....... 73 2 In 4h . . 72'4 Iibiii ii.i,ih-Ii Li.m. 3s us,. I i nn.uk it v oh is mi. villi! llnrdeiillk. lis . . . . 7(1 2i'im On (lint .- -I'll. . sol. I 'lit leather ll ,Vs til'i lllllidl ('lull Cupiier 7e . S7' lino" lita xi -v I've. . oil'j .'IHOil il.i ioiiv Ss 72 ::iiiioii c ii - u jit .is nil. 1(100(1 CM (. stl KM 4s 2.1 74'j lnnil do roliv r.s 71 ,30(1 do iv i,a. ... U7 Soon ci, it 1 a . rf, 4, ,, inou Col Industrial r.s. . 7:1 1011(1 Col South 4Wm. os'. 47(1(10 City of Paris (li . 7.1 loon Coii Oiih nmv 0s.. mi 1..IIII0 Cerio .1.. Piiseo (Is. 1(11 10(10 Don III,, 11 Is., nil. llllll l)t I id I I n 33s 02 tiioo ,is Seeur Corn 3s 7,. 1000 Krle eonv Is Ser A .17 2110(1 iio .er II :t7ii 100(1 d,, See I) jit.f I12IMKI I'reneh Henub .1' . B li.Ti 1'JllllO Intel I, .Xlol !', . B, 1, l,(i S2", lll" SI Ml'. I ios. s.l 02', M SI', sa PRONOUNCED WEAKNESS ON CURB, WITH TONE GENERALLY HEAVY Considerable Interest Attaches to Petroleum Group Because of Recent Activity JVIany Oil Stocks Sell' Off SEW YOUK. Dec. 29, Trading mi the Curb showed a generally heavy tone during the greater part of tho day, xvith pronounced xxeakness at times In the more Important Issuis. Considerable Intel est wan attached to the petroleum group because of the recent activity of Houston Oil, which now seems to be regarded" as having been the result of pure manipulation of that stock, xvhlch sold at SSai yesterday, xxas traded In on :i largo scale again today, selling at :!. to 3il4. JIany of tho other oil stocks sold off shortly after the starl, but when tho Stock exchange market rallied these Issues also advanced. Merrltt, which declined from LSij to 17V;, mox-ed up to 20, and Jlldxx-c.t, after drop ping from 92 to 90, recovered all Its loss. Aetna Kxplosivox xx-as traded in on ii large scale at price? ranging from 8 to S'. Submarine Iloat ranged from 11 to 101s, nnd Cities Service dropped from 204 to 201. General lClecttic rights, sold at I8 and li. The airplane stocks xvero quiet, xvlth Curtlss selling at 27. Chevrolet opened at G3 and advanced to CO'. United Motor sold at 13 to 14',4. Mining stocks weio without special feature. Dig Ledge continued heavy, declining to l'.. Nlplsslng sold ut 8-V " IMIt'sTIIIAI. Ill.l Ye. I. rlo.so Ask (sale) Kliiiil liuerli it T r. r r.s. 77'-. 1200(1 Idler .Xler Slur Us is limn K C ft S M j. On ..win, i.vuns os 70'. Hum l,.uk Hteel ,-,s -2.1 OS I'lim l.k SI, .lei, ia -us e.-(, 100.1 l.el, 'ol N V l ; - toon i,iw 4 ji -r ns ' "i till .lll'l . 118.41 108 4o',j 33 tin , In.l r.o' i:i 38 II i -- I .y below the high level of xcstcrday. 0?a, 31 101. 81 10J4 it i .. ..... ... ,-o mi ii- innicoicu ny tha talk mound - In the ring, no tiesli factor was concerned ' , 111 this decllno beyond evidences that - I"! 'tho bullish ginning llgures had been dls . counted, and that tho technical posillon - 15 , had xveakined on the, recent reeoxery of about 120 points from the low level rebelled on uie urcax or last week. S(l in'. .o Sl, sni; nn'. 71 oo . r.si, . ,-.i'I 2.!'7 TraM intTPsti ftmlnnl any clay betwvpn 0 and li t. AH hid 1 111st b fsulerl anl will ho litd Uet-rrobf. ,'U. II'IT, ut : o'clock ii Mii0-p nrT I I . iiwk A !-!l Til. "" ! 'it "; ) - lliiiin llliprpvt ivupa bin . -,.. ..... .-..,-.-.... M.. .111. --.-.. r. .. ,. . ......... .. :- '" ""U'lil IIII U , '" .?u,mi,;ra "l SJ Nit PrVsiVe1 ? Rears "euci..i3JUj, iJJ-.j 15314 1 14 scale down, while southern snot ailxlce. PHILAUELPIIIA-Call fi .Per nt; ft) P. JS WJ-f ? ft l 'i . ' 1 w Kelly bullish" and Xing, e' ... ., I'mniTiArAUl ! a ... n r. fakl. -.-. t II H II tat t.i1 1.1 .X.SMelT S A- III. HI n.ll '. It'll :. i ' . .. i-ha tlnl.tM .1..-1 ., .... . .. paTer. three to' four months. SlittSJS ; 'Vl? ii p,"-??- ?. 2" - "- " "i 78" .'""" '" Jri' -howl,,, ..iSe,1.' per cent: six month, O 1 per cent. )f t pf not., Mex U'. , S-j. 1 - . - .HI. .."U U -j; I U several Nn.,f, the loxvcst ;i "nrn."'iV nntara Silver. ,,. inniiBiii n . n V ;'",'. r.?-- -" 2H,u, 2S.3S -js.lin iim;nm.S.""ii I'HeiBo lull . ' "ii ' Texas & Pac. .. I3", 134 I3i ii.J i.e. SC, Sll 1 11'. Ml M-' sr,i, in;, 7lK, 1.(1 .". Oil Mt, .-.aj, o.lt, 73. 30' ZtH (.(', Sll Ml 111'. SO siS sip; no'. 71 p'BETAKTMKNT 1)1' TIIK t'DRONKR bills 4 i percent, unchanged. I)e Hecrs t TWriY. u,. IU1 U..ir. lur IU1D. rn.eit Ot I27t. anU I ,aiHl-.l 11 1 u. " ale on Ole In Coroner', omce and can cioieo ui .. ... Ilrklyn Un Qaj.103 Jlrnwn Sho ... 81 Hums nro. .. .107 In KII...R i-aeino .xirtii ,. . -jii . nrtn, rvl nr uo '.4 I Spot . IIS Br t '. i a JOSKPII A. JIAHO.W Chief Cleric. tyiHittrroRV or actouxtants . ii.vnKNri: i:. iiitowN. t co. inin IlKAI. KBTATB TIlt.'ST HLDCJ. . STUATK & AIMIIHT CAUT.i;ilSlllP IIOKlOlX OnATlON' UIM'L'TCD ACCOUNTS Vew York- , 7 .!... It Xl'.tann I 1 A PhllA (lelDl,l3. 'Jv' -lth "oor. Real i:tat Trmt nldfc Cleveland ., (i . , QAI'DtTH TA.V HKI'onTH Jtlchmonil Alisnin .. Chle.Kii ' St. Louis Kcscrvc Hanks' Discount Kates Official rales of ill.eount for ejrli of the txxelxe l(lrl dl.trlct. are as fulloos: r.PTinx XQTir,7 fcPKK80S are hereby cautioned asalnet iSlnneapol!" borlns or truatlm any of the crew of haP," L Y '' Japan... atearashlp Auma Maru. rrom i" iJ,.i,iiap'.. iellle.. France. I. Sone, -na.ter, a. no ""' l-raiitlato . or ineir ceniraciins win im, paiu vy , AN' LINK 8TGAMS1IIP CO., .X cents. , 4.12 UUIIItt llldv, Over 0 or 1 .1 ud le.e to n t 4'i a 4 , 4 J 4 4 ; 4 45 4 4!f 4 4 . 4 4'5 4 4. 1 4'. 4 if 4 l' Texas & Pac... 13a-, 134 13 ica i,. . . . . . m.i i.';a i, -r- ,. ll.ilter,; . ,015 -"-... 1 i.rigr ......... ... . ., .. .. .. 1 ?.i Vi:.li:: ,.: " . t ct ei i nnu nvn 1. iw 11 1 , r 1 1 cii l"eati.r if 07 R"r,,IP"'-- .-' Tob Products.. II 13 41 LiOCQl ;",SA,V ?'iU.:",V' nM X .iro lire? i. ' nlon ' ap ,0" ,0,,- ,ft:1"' 4 ' a4 r iAimn""'- I'lilli ("' .".re.; 3, fnlt Alloy Ktccl 33 314 3(.-;, rhi t. Ait"n'rf 23'i 'ni:2:;-"?w -lO'i rnlt fig Stores u 83. 83'.i 'J .ffK c'i;;.,hK ,f:i?o!' a j?vi'? irr'kK.u ', "lo s,.,-ni-uB'o.,.,r. : 4'. Col & So "A of. 4'. i.".jriv.' J-. 100 l .. ... ,,, ,,;, ,,,, .... ."' do nref ,1. 4 i'i ' 2.r.) 2S.IJ.1 2.2D 2H.37 "O.js :n in lliilill ,lo 30IKI Iirlllnnl 7h . M3lH,0 Liberty SWs . K.it.iiK) ,.ilo 4s 07.1'i to 111 ii-ii I'lllKlll M.-irsellles ,1, "V,T" "ill- '.'.i'' 1110(10 jli. I'ae pn Is . . ;!:l'.' .100(1 X Y C & 3',.. nii'l 1300(1 il lis . . . ss 2(1(10 llo Is rrt. Ii.lliin X y c J,n ;tf. HIIXI ! Is 1l.",!l .".noii iio I'm iniiii 10(1(1 N Y ltw, ndj 3s K Norf Went 4s . 2(1(1(1 .N'nr I'ae 4s . 1 initio Penna tr. it ft 4'.. KIMliI do 4Ss 1021 sono Pub Serv N .1 3m. .10011 Kearilnr cen Is . lloiio llenun CiiIm At II ii;t ioiiii ny mi suss r,s -;i u illlio M 1. fir .s !' jijl 20000 iio Ser A . . 210011 iio Her I) IflllOil fotlth pac cm 4... 7:lJ 2IK10O iio rxt 3s . Sll tOOO do rfil Is 77'. 3I0UII South llivy. cen 4s 37 20(10 iio (.on .Is K!)'1 10(10 Third Axe let T . .-. 200(1(1 1 S ItnlnW .1 . 73 200(1 I' H S t II lis . . HI'. 3II0IKI U S Hteel h f f.s. . IK loon do reB .1. 02'. 171000 t'K of Gil I r,. tiil,v 1740(10 do ,1'i 1IHK.. . liu'i jianoii iio 3', lniu 04', 3700(1 do nl. ne l(lll) OiP. 417UOII do r.'ja tt'21.. . S7Vj 2000 V.i Cur Chm . '.:, Aetna i:.ploslxes. . . Am llrlt Mfg Am Mnronnl Am IVrltlng Paper Air Induction i Canadian I'ar Co. . Can Car Kdy pref 4f Charcoal Iron 7 Cbex-rolet Motors .... Cramp Curtlss Aetophme . . Caixveu Tool t'albon Steel Knierson Phono federal l'yo '. Ilendeo Mfg Intcr-Ltiho K.ithoillon llronzo pf. Lake Torp Moat Lehigh Coal Kales... Lima Loco MnNlm .Munitions , , . Marlln Arms N V Shipbuilding Nor Amer Pap Pulp. Otis Llevator Peerless Jlotor 1 Poolo Kng I Itedden Truck i Scrlpps-Itooth I S S Krego xv I StandanI Motors . . . Steel Alloys iis.08 ns.to i Submarine St Jobtph Lead Todd Shipbuilding . . . Triangle Iilm rnltcd Profit Sharing Ml5, SO S3 h !ll, 07 iiiS 71 . 1(1'. ?,'' 07 .-.US 73 OS', 74 HS! lnnS tl.'S 02 72'. 37 37 'i 4t'i 14 "'os S7 03 s:i 7"'. osS vir SH' id". 1(7 , 7!,;i m s 07 (1(1 73 c.s(, 7I US', KdlS S: 721. 37 37 S MS :i'i Hi in II 07 03 20 7 li 70 3'i 13 10 i 3 70 4(1 '.'4 83 30 ;l III' III 30 13 on s- 110 111') I S Steamship 1'nltcd Motors . . . fulled Sugar . . . . Woi Id's Ktlm Wright-Martin Air .Ine Concent 10'. 13 li 08 i. '.'. I'i Il'i 30 I 81 i 0 3 00 10 08 73 J 8 II 1.1 4.i 3 li 00 33 2. 41! ' 13 00 8. j II 14!i 13 I " I 'a 14'i, 33 0. .V!, 8 3','v, Mldxvesl Oil Met Petrol Ohio Fuel Oklahoma ltef , . , Hlce Oil Sapulpa ltef Sequoyah Sinclair , United West OIL lll.l 93 Vi ,1 3 Xslc 01 '.J ,0 B-32 17- 3?4 li 12 MtVlMi STOCKS Alaska Stundaid . Atlanta Hlir T.eiltr. . Illsbee Cpr (a pros uutte Cop & Zinc, llutte Nexv Vork... Cal & Jerome . . . . Con Ailzona Denbigh Sllxer Lmma Cons I Klfrs-1 National.... loldtleld Merger... IGoldlleld Cons..,. iCioldfleld riorenco.. 4 14'!, Illinois Ohio . . . Pralile Pipe 77'i .17 sni. u.i 71'. K,'. Mi; 02'. Ilflt, o'; OS H 031. s4; 11.1 r.is -. .1 niti S O Cal 73. i S o N .1 . j S .O N V so iTAMIAKII OIL 170 180 -78 ''B' 233 S4-! ....202 208 ....183 492 233 '138 KOS 113 ni:,'i:mi:nt oil stocks , Uoldlleld Kexxanus. . tlreen Slonster Hcchi .Mining IfiTH-e Sound.....'... Independence Lead.. Jerome Wide Jim llutier Jumbo .Jtcnslou. . . McKlnley-Darragh . Magma Copper Mother Lode Mines Co of Amer. . Nex-ada Hills Nexada Wonder . . . Nlplsslng Ohio Copper Hay Hercules Stewart San Toy Touopah Extension. United Verde West Knd Con White Oaks White Caps Verlngton 8 I'i 12 i'i ill I 'a 3-) 3 ',i 72 12 .11) 30 20 11 U 8 I'i 8'i, ; s l) 24 o-S I 1.1 10 in 0'.. I 1,V Hi ,3 A li 4-N TJi 4 li 7I 14 All 30 1 8" II 3.'4 30 10 1IONDS Harnett Oil & Gas. .. Codeu & Co Klk Basin Kederal Oil Inter Tetrol JUS 04 lu'i IMlVj oni4 V',,1 I Houston Oil S7', Meriitt Oil v. I 0 37i SU Il'i SOW. I9',i i'm li OS. tV I1i 36i 194 If 11 38 y J'.4 J. Jlothlehem 5s SOU Cosden Oil 6s 70 Cosden & Co Cs 70 Cudahy ps 04 Russian Govt 5's... 30 Russian Govt O'js... 40 Southern Itallxvay 5s. 03 Sinclair Oil 6s 02 Todd Shipbuilding Gs. oo loo no-Vi 75 73 97 38 48 3HU 48 Bid and Asked ii 3 LOCAL MINING STOCKS .k f- TOVflpl I r RTfif'K 4 b&w " ;. uiwr Kfifiarit, .';. .13 .Ot .(II .07 ,03 Externum .... . .. , Star . f. . r 14ula tend .,.,. o !V JOLDKIKUl STOCKS ....-..... .20 ml oYhYii Yi '; ivr.:-' ' 'jtuiuil' .01 .0.1 .01 .III .03 KORKIGN EXCHANGE NIJW YORIC. Dec. 20. Inactivity xvas Just as pronounced us exer In tho foreign ' exchange market today In the early deal ings. Swiss exchange shaded the high Ak , est figure slightly. Quotations xvere Demand sterling 4.75. cables I.7G 7-16, slxtv-dav bill nominally 4.71 U& 4.71 ',J, J" ninety-day bills 4.69i 1M69i. lo ' Frauo cables 5.72, checKs. 3.74 U '.' Lire cables 8.S3. checks S.34. I Swiss cables -t.-9',a. checks. 4.J2. ,im i Uullder cobles 44. checks, 43'.;., "2. l'csotas cables 24.17. checks 21.10 ":! Ruble cables 12Ti, checks 12".. !n5 l Stockholm cables 33TJ, tiieclcs 33vJ. Chrlsttaula cabled 33. checks 3i'i. Copenhagen cables 22. checks 31 3 Tnliil sales. KI,Di;o,0(M, lomiinred xltl, , 51. 7.10.000 jmteriln,, thus fur this neek 518.870.0001 eiltne lirrlod last Meek. SI3,; , .'89,000, ' I Today Ccmn Tali Hee. Cox UliMi V. Oil cont c.n " J ,4-s pref, jj. an form:;, Sax-ae,. Arms , Cont lnt Cat M 17 4 K.txon MotS Cuba. Am &u pf 08 , M ?, V i v Cuba, An, Mu..,41T. Stilts if, Den A nio Or. . A Detroit Kcllon.l2.1 so',! 40 CO 0 i'i s r? .... ..-. "i-li ft a v r.rara.ito. U 8 Rubber... I7,i 4',i 7 do 1st pref. . 01 ol 01 V S Smelt & U 4i,4 40 loa; i do pref 43"; 43a, 43'' i U S Steel 8316 794 8ja; T71eo htoraco uen asp 7' 1 do pref f'.i , do t c !!!;!!! ij, Lake Sup Corp. .. . I.eh Nav l.eh Valley in., nAsk rlid Ak Hone KonK Gives Halifax $30,000 33 n:'s nl'"! v- I1ALIKAN. N N. Dec. 20. A contrl- l'i 211 1.1 17 butlon of $50,000 to the relief fund xvas S i'i! recelxed today from Hongkong. British 14 11 4.1 n'l 1 Guinea has voted 15000, H 13 14 1.1 l, 30 32 .1(1 32 1 SS 11 ss ii'i I" si. .-.1 r.a 01 ,01, II KM, 10' HI 111'. J!1' 01 .12 .o-j "7 .IISCKLUtNEOlTil I'nlteJ , ...,, I.-, vnnntr 1 3o fSi-A B.J1 er Pays Stock Dividend rOWN. 6., Dec 20-Th HI. the) Ohio Leather Company rad a common stock aivt.Unt 9tr dent on. S600.000 of out. I wimon; payable January 2 to Cotton Uuvers and Sellers ji!-! SHW YOniv, Dec. 20. December 2 McKnany bid; Geer and Hopkins offered. January Schlll. Sellar. O. Gumoena. Martin and Hopkins bid; Hagedorn, R. Hubbard, Mitchell, U, Uumoens and Car doza offered. March Schlll. Black, Martin and O. Gumoena bid; W. Qumoens. C. Hicks, Geer. Wenman, Schlll. Watklns, Fllnn, ftor December 2. Thl3 , Hooper ano wooza onvea. . v.- - "vv fc - 1Sa.4&.lAlu44 n m.l lln asr&.Ivm l.lt 'ine common capita xa-. - "' r 1 n (".( .. ...i,i 1. m , i-iW. .. ., 'lninn. Wenman. Smith, r. Hicks. Hub. fr cent ttacl; dividend , l"rd, Wlggln and Schlll offered. common. The regular I Jury jonnsion anu items um, i-iuiii. at 14 per cent wayoung and Mitchell offered. f J,-pr;cent. I uctoiwr uunu onerca. .. . 4i"'al nn Chfiniml. in r. Stan.l viVm ' J5i Utah Copper. . . i."Vi '3'i 734 4Ti1l,Mla i:iru 'jij '2t Zi"J 3LJ r,,ronf::5Sfct rial, SeS Corp. .o'J 'i. '& Ul r-Vhi: HJ ' giV' US Goodrich H 1' pf, 100 Sun Htl lt .V.f nli 1 . Va Car Chein . . 30, 3l)lj 30(i iJlI'llTI 2I', i3, 24'i 25 Sfli.efcl'n'.S.iTt iv"'i,Vi.,5 ?Sv. do pref .... OH 08 98 '' 4 !f'nJ"?F, " !. 5 Hu!f"HtaCtei' ill? sJ ?.tSJ4 SSh VaIronC&C 47 47 47 -1 Bn" Tra'c' ..."...: V. n?Ij ?, S?Jj 38 Quit M H l.t rf.ioj Tst ,?ft fv pf S?t: I Wabash 7a 7U .)i n !' J? J. , '. "'? 2J on Hartman (,'oru. 3.1 . SJ f. t- vr WVi III I ,1 nree A iiii iitlt i-ic j. i? " H Hletl t2'i S2S m)" SOS Havana Klec... ,0, t 1. w of -n , P. ' ' .1.. . . 3 .i 1. ' York llivv st 0 R n llome.talw Ml it SJ J &Vf ?ti i'S i 'lo ""'' B . . .. IHJ4 18V, ,8'4 141 do pref no 32 30 32 lnt Harv N J.. 103 TrJn.uetwS,, ? 37 ' West Md f!- f. , , W Cramp t Ho.is. 73 77 7:1 bu mt cot, c, pf 4,1 ,S3Srxv3 v hi; liwi ' We.tlngh Mfg. 33i 3i :i3i v!i NEW YOKK COFFEE MAKKET S,VaN1ci.,ir.5;:: "js A?! HVT"8, 37r ,l Slav vomt, ik !(wn market jJSelTeS 't."lai W'JW&V.; -i,7 1, tV .. T. f0' l-0l:e, f"u,V; opened actlva In tho '4KDw.P.!., xv Wt. Jlotor." ' li 3? al '. March position and call prices x,ero KeoU fc 1 Jt... 41, do l.t pref...-bo i 0,. r .J.. ,!.,. " 3 to 5 points loxvcr. No other months HH li'folliS'J.prer ::::' W lU-l '-omuHHocall. LK J'.rl li xv ut JT;. fnitcA Jiy Inv. . Il'i . " ' ,,,,. Vea'dty'a i.ei i.u., ..in ., i n iarl... ,H ..... ... n. -,. ... ....... V v"-ii. limn ,.ow tio.e. close. I.li; a Jl ,.... i-i IF H ,nd Ale., nf ui: I ,.." s. "'", fr.. i-uiiipareu i,i, J.l 41 Mver....,72 u S IteaVty Iran isi I 437,40l i.lmr-je.tenla Ihu, far Ihl. xieek. , LlS fc M T uref.lOO!, dn l.t nJlf D r.B I-?!!-'00 ehare.l .anie period Must week! Ixins Il cm PI. -to XXVlIs.l'ifKo 7 a ."'"' "ares. Ifrlllard I r j .13" XVI. Central ". XI , 1!x dividend Allantlo Coa.t Line. 3'i; v'.iiAVi" ' ill! .v'bvorth ....loi , l'aelflo Mall, '.i and 2S fxtra: Wurthlnatoi! f!" iIS V" v -5'4 Woolworth nf..,,8 l'u'P PM'.'rred A, IS: Worthtnciou I'uiuu Mackay .o j.ref . xx'heel i. I. U l IKJ prelerrcl l. IS: Wlllja-Otcrland preferred xManiiattan lieu, i xvnon Co pf.. On ' l"i 1 California Petroleum preferred, l: ijar- m;.11?1;1 .;; 2. ,v p0 7!l tt Company. IS: lionieatalM Mfnlne. 03 !ay t)CPt Atrn. 4eW . .enta: Continental Can. l'l t r?nntlnTttDi r... . i JanuarJV. .. . 7.20 7,30 7,10 March J 7.IIO 7.31 7 33 7.30 7,30 May ..- rt. 7.3(1 7.04 7.1(1 7.03 7.30 July 0. 7.30 7.07 7.I-.II 7.SH 7,01 Septemler .... 7 Hi) 7. till 7 8l 7.03 7,711 October 7. so s.02 1 bi preferred. I'i : .United l'rult, Uplou. IX. ana 1 extra. Liverpool Cotton LIVURFOOL. Dec. 20. SDOt cotton was steady today ut an advance 'of S points on tne oasis or 22.31a for mid. dllng old contract and 21.7Id for good middling new contract Sales 3000 bales American. There xvere no re- oelnf. Th mirlfe, tnr n.n, eti,,.rA ma tracts opened Irregular unchanged to jo!; fcUntr.V '. '. '.'. '. '. o points higher- Old contract, spot laiui. & Ka.t, prices xvere t American, middling fair, I .Centra, l'aelflo 23.32d; good mlddllne 22.S4d; middling n..8Tnsv!,' '.:::'.'.:: 2.'.3iu; ioxv miaanng :1.79a; good or ' Houthern Pacific ainary 70,78a; ofuinary, zv.iza. We.tern LONDON STOCK MARKET Atchlaon Canadian Pacing Che. & Ohio ...... Ht Paul ,:rle London N.y, 12:30 egulv. 'Sal, 43 21 31 so , 4- as SIS 4-231, 4I1 4. atl' i j.,,.t: 1 "'JL'" mo 1 ii-' 112 os 44 71-. 8.1 110 t 43 24 -"S -t-lo' I - UI7s, 1- 3 HIS 2 41X. , 7S 4- IS 104J 83'i KA1LK0AD EAKNIXGS, souTiinrtN iuieway svstum (Line. La.t and XVett) 11)17 Inereai. Second week Dec. 12,183,003 (05,248 Irom July 1 30,017,129 0,a(i.ia4 OKOliaiA SOUTHCnN'AND KIXiniDA Second week Dec... 167,382 1911 From July 1.., 1.411,103 138.600 BANK CLEARINGS Hank clearings today comnared xvlth cnr. responding day. last two year.; 1017 lulA 1013 Iloiton. (42.1)70.880 (30.317.042 (20.117.1.400 htladel, . 02.3117,3(14 .13,074,347 42.00(1,073 N, York 3.1.1.8(12,3111 054,410,831 47O.S4ll.OS0 llaltlmore 7,088,402 7.741,100 8..122.H77 Market Fluctuations Ili'gli anil Low quota tions 011 over 400 stocks trailed in 011 the Nexv York Curl) for Novem ber, 1017; for the first 11 months of 1917; and for the year, lKi with par value, capital stoclr, dividend rate facts the investor needs in instant reference form. Semi for Booklet SIO-T. U. JONES & BAKER IxTOt'K llJlOKIJllS W.'dener Bldr, PliSdelpli." nII. Walnut ,101(0.1. Kejatone. Itace 2200, New York lln.tnn Cblcaro rittsburch Dlrtrl Prltalt lllrei. 4. jjS' vnic;g,. oj,Bij,ji.2 lO.iav.ais 32,.'uu,i?i i. . -' 1 11 4. ?; 8t l0UU Sft.SS7,4T 1H.D02.Q1S J-I.K0W.2H1 JO.VES t VAKKR. lrfdcii'er CIdffv rAlladeljifild, Vou may a.nd nxa your bookltt on narket fluctuations. .Voile , , , A (fJl'Cli. .....r I'lfl , o:f .610-T. U. December 20, 1917. We beg to announce the removal of our Main Offices from our plant at Bridesburg to the Fourth Floor of The North American Building. WHITE & BRO., Inc. Smelters and Refiners. Telephone Numbers: Bell Walnut 671i and 6715. Keystone Race 1070. $400,000 ERIE, PENNSYLVANIA 4h SCHOOL DISTRICT BONPS Due Serially December 1, 1918-1945 V TAX FREE IN PENNJSYLyANIA FREE FROM FEDERAL IN.COME TAXES YIELDING 4J35i'0 Apply to Guaranty Trust Company of 'New' York 1 kl , CLAYTONS. BANKS 421 Chestnut Streel PHILADELPHIA Ml MIKPIIMIIINT OIL STOCKS Con'd Vest, rtose (enle) .90 '.4 Il'i .0-3'. II 1 14 111 4 11-3'J 4'.'., 3'.i I 311 'JOVi H'i lis ur . ... .. 4. s''"-. "W e-- " .". .. :. '- ,'- .'. "' -j .. .- t "v ; i-as. ,- 'AdS&nSi. j- . .sM&4?. ':' W..1 ' V-'-T- M:mM im
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