mrnoH ?I8F "Wrrv Wi M v K w1. "T uV . LtjmiJi . w run iwhim K'UNITKD STATES ' J LIHRTY LOAN ' " SUs 1947 4 1(42 IHIQH A NEW ENGLAND RAILROAD '?' OENERALE-C 1S4 , MAHONING. & &HENANQO MLWAY A LIGHT COMPANY "if"1' FIRST A CONSOL. E if. V . ''" 4 ' ILLY, MOCK CO. s HNKKIIS 1H cnmnur si. a pi j raiLAD2:i-ruiA o Hfr-J OF THE "FINliiA WORLDNEW YORK AND PHILADELPHIA STOCK PRICES BROKERS JUMP ON EACH OTHER'S SHOULDERS TO BUY R. R, STOCKS 'The Financial Outlook . ;K H A f From the Investor's Standpoint Send for circular. Bonbright & Company Monrus WISTAU sthoud. Jr. Mananr 437 Chestnut St. Philadelphia New York ILtOauun lloston 1'arls Chtraj;o Detroit E- 'TMlli modern spirit of U ., banking is friendly K helpfulness., Eg , Consult us freely. IfcMM EXCHANGE NATIONAL BANK J Philadelphia. Chestnut at Strand Guarantee o'f Net Earnings by Government, in Assuming Control, Comes as Surprise Ad vances Most Exciting in 'Change's History nuw Yoitic, bee. ::. Another led letter day was added to Wull blreet's history In tho transactions uinl market operations excited by tho announcement of the Government') plan to operate tho railroad systems of tho country, from tho beginning of the jcar. All conjectures about the terms under which Government operations will bo conducted proved to bo erroneous and tho statement in tho President's message of an Intention to baso recompense to tho security holders on the uvorago earnings of tho last thtce jears put tallroad securities generally In si higher class. Long before tho beginning of business there was u Hood of buying , orders pouring Into the New York Stock Ktehangc, with u conspicuous absence of orders on tho selling bide. TJils caused u wild scramble for stocks as tho signal was given to begin business, and ut once prices of many Issues weio lifted from 5 to 18 points above jesturday's closing quotations. Offerings were snapped up w Ithout regard to price and, although there wcro violent reactions of as much as 6 points In somo stocks from tho early high prices, tho demand Increased In volume, strength cMendlng to other Issues outside of tho dividend-pa j Ing railroad, which had shown tho greatest Initial gulns. Urokcrs Jumped on each other's shoulders In their efforts to purchase. . Among tho greatest ndvunces at tlTo stalt was Dnltlmoio and Ohio, w'llih rose 171, points to 57, followed by 11 rcuctlon to IS1. Kt. Paul pi e ferled, which moed up 17. to hi, St. Paul common 123 to 19. Atchi son 10 points to is1!, Delaware and Hudson 11 to 100, nnd (iienl Northern Ms to S3. in tho last half of the diiy United States Steel icsumed its leadei ship, advancing r4 points to SS, and other steel Industrials made violent gains. Tlicro was unubual activity illsplaicd in tho bond market all through tho day, with many of tho railway ossucs, which had been selling recently at extremely low prices, making gains of 3 to C points. Liberty 3US were traded in nt D8.46 to 98.50, and tho 4s ranged from 90.92 to 97. Fears of Savings Banks Far-Fetched In the opinion of conservatlo authorities, tears b savings banks relatlvo to tho 'loss of deposits because of competition with Govern ment loans at 4 per cent or higher aro farfetched. As an example, it Is pointed out that Institutions pacing 3lj per rent did not suffer when tho first Liberty Loan was promulgated unil actually lnci eased their deposits during tho 4 per Lent Government bond campaign. It is problematical whether a gain in deposits would occur in competition with a JH per cent rate, but precedent from other countries Is favor able to tho banks even at this rale. s Great Britain lias' been selling r. per tent long term loam and thrift stamps at twice tho usual savings bank Interest, t her sav ings bank deposits have increased. The same Is true of I'ranco and Germany. Most lecent testimony is from Italy, where S and 5-j per cent loans hao not prevented a largo addition to savings through the former ugencies. There is good authoilty for the statement that a largo interest In Industrial Alcohol has been purchased by tho American International Corporation. This would piesupposo an investment value that had heretofore been denied tho stock. "Whether tho now interests hao obtained a majority of tho stock is not known, but tho fact that tho American International Corporation has become Identified witli the com pany gives Investors somu icason to believe In the continuation of largo earnings after tho wai. The finances of the Atlantic Gulf and West Indies Steamship Company aro said to be on the most solid loundatlon ever enjojed. On December 31, It la understock, there will be In tho treasury, either in cash or in Liberty Bonds, close to ?20,O00,0Ci, or within $5,000,000 of tho par value of Its collateral trust bonds and preferred btock, and tho equivalent of $130 a share on the $14,9113,409 common outstanding. Since the prop city emerged from receivership in 190S, In which jear tho preferred or common stocks had vcrj little value, thore has been expended the cash equivalent of $3.",000,000, cither in tho form of bonds or notes retired or new tonnago bottoms constructed. New York Stock Sales Illth Low Alaska Gold .. 174 in; Alaska Juneau, 3?4 24 Allls-Chalmers. 17 Jm Am lleet Sugar 07 U 0 Am Can , ... 30 U 34 t-i do pref 8 8 Am Car & Kdy. 0; ei"i Am Int Corp.. r,ii 0JU Am Cotton Oil. 25 23Vj Am Hide & I,.. 11 Xl do pref ... . 41)1,4 4714 Am Linseed . . . 33" 35'4 Am Loco . . 5JH SI Am Smo'tlng . . 7.11 70i Am Sum Teib.. 00 Oft Am Steel Kdry 58 53 Net Close clic. n v 3 17 07i 3W, 88 oo; 63; S3 llli 4B4 25i 1 -r . 1 4 3; 4 1U "n 3-), '4 2T1 TRADING IS LIMITED ' ON CURB MARKET Few Stocks Forced Into Prom inence, But Movements Are Narrow Sales in Philadelphia I Am Tel & Tel.loj'Ji !un4 103li 2ti . NKW YOltK. Dec. 27 The Cuib plujed n low second flildlo to tho Stock i:xcliaiig3 In toda's trad hie, u few stocks being forced Into prominence, by pool manipulation and making advancer, but mc-vements In the majority of Issues were narrow. Apparently tlioeo In position to divert business to Curb stocks wero not confi dent eiiuugh of their position to put In anv lnrirp nmnim nf linvlm. rtawu n..i !t 3J;ina tho public Is not In tho market to ,,.vi -T-o?unv .vimiii there was only limited Am TeAaceo ..I31"i Am Wool .... Al I Am 'Aim & 1... 12 inacoml.i , . .38 'i Atchison , , ,88 do pref , . 8',A -tl Olf k W l.innu Ilnld Loco ilo pref . ! ISalto 1 Ohio I do pref . . Barrett Co . ' Ucth Steel . . , do U ... . do pref t c. , I'rook P.np Ti Hums Urns . liuttc & Sup 1' Canadian l'.i' Cent l.eat liei do pref . 1 handler Mu ('lies &. Ohio Chi Gl West I do pref C M & St do pref I Chi & X W. icniii'tii, 58 Vi U3 51 SC 834 Wi onii 40 ir.",i 1111 i.v-v, 13 134" II J 101' 11.1 IH', 31 41 n ti 8J 18V4 nni mi iij 40'i :,i 83 ii so on u 38 einolisrt to tllo irnnfl nu-a riv.m ei't.ei.. 133VJ -13H Ktoll, L'' j",! , Tho oil Mo. . attracted most atlen II !. tlon' "' "l'""1'1 miiveinent in Houston 38 1VjOI1 being icsuipmI. that stock advanc- Hi'H -Hilling from 34 "t t.i 4m4 on uiiusunll 82 t-11 1 large Hailing Mlilnvst roso from ln 1 oa 1-2 to 104 and Jlurritt nmved up from Z0' 67 2; , to 21i OS t I Chevrolet was uneilliur stlong featuie1. 61 1T ! advancing from SS t, '.m and United 60 0i I Motor, after selling 11' I11U. advumnl 1 1 20 10 20 800 2050 210 II) J 3 30 10 1U00 3171 211 8U4 no lo III Dill III 1111 ... . 1IIBh All Ins . . 24 Am (las,. 70 lleth Stl II 72 V4 llnld Loco 67IV1 Lleo Stg 4fl4 llrle ... HI Gen Aspli Pref . . Lk S Corp I IT, Lch N'liv. 00 ilorts pf 60 4 Lull Vol.. 6814 Lit llros. .. .V Y X II & H.. 2111: Xev Cons 1711 .Vor A: W.I III Penn l: 11 30'4 Pa Salt M 80 I'll llfee. 2U 11 T t e l'h Trao. Ita Cons siij", iieailliis. 73 So I'm Ton llul Ton Mln I'll Tnii', r s 1... 1 S Steel 88 w .r & s. 42 ' Nft Low-. Clo. ehKe. 24 21 -f6 70 10 1 7V4 7H 3; 67i)i 57!',-l-3T 10 '4 4014 4-114 13"; Liai 3'f. PENNSYLVANIA AND READING SHARES GAIN VIOLENTLY ON 'FEDERAL MOVE Both Are Active and Score Big Advance on Local Ex changeOther Stocks Are Higher and the Market Is Broad ? 70 h -Hi a 3 30 7 '. in,; so; 60 14 57; iUVi 17 Ji 103 2m; 7!)i 33 14, Jfli'l 70 SliJi ID'S, 30 . . Hi', no 1 60 4 .. 6814314 !3 . . 11 u 101 in 80 2 I li 27 '.'1 711 2 Hi 71 8 11, 7 ',4 3j, J-'-'iJi 1 f-l -1 ! 33V4 V4 72'i i-3 '31 1 40 81 01 !l?i do C n n nf t o 40 I do 7 PC pf tc 57 IChllo Copper.. 13'S, Chlno Con Cop. 101s Col Fuel . Iron 4U Col Uas & 111 . 31 Consol Gas . . 7(C5i , Corn Products. 3ifc do pref ... .01 Crucible Steel Mit do pref . . 8(1 Cuba Cine hug 37 I do pief 77 Del . Huiltf'jn loti I) L & W .. .175 Dome Mines . . 8 DUtlllcrs Secur 33'U l'.lie Die; do 1st plil' . -Mi; do 2d pief . . 184 e"l.iston Wins. 3i (,Vn Lleot Co l.M' lieu Motors... 9.1 (.oodrlch, H V .lot'. lit North liref. so (It Nor Ore sub 2H Ciulf Stutes hti 8hV3 Illinois Central 01 hit Agrl pref.. 3l'i Insplrat Coji IJ", Interbgh-Cou 1. 8 do pref 4Ja Int Mer Marino 21 do pref si's! Internl Paper.. 35 Int Nickel . . 30 Kan City So . 18,j do Pief. 40 Kenneyotf Cop. 31 H Lack Steel. . . 75 54 I.I I 3811 IOI14 ill III II" 4 mu i.i'i on is'; 30 1014 it; 30 33 3014 77 l 38 !I0" 5.1 Sll 23 ' 70 00 17.1 7e 3i 1.1 17U 310 123 lli'i 33 85 24 81-4 7, 3Pi to il' 4 II lo4 7HVj 34 35 17 'i 48 S. 30 74 57 SO'l 113 1.1"', l.lls III 1011 'j 11.1 tin; '4 31 '4 45U 84 75' 2 00 -4-4 Vi 31 -t-3 47-rll'i 65H; 814 15 30 U 3314 31 314 -i-l'i 3 -t li I'l -40N i'i -ta to n;. Aetna llxploolvcs slumed a stead.v tone, ranging from 7'a to , ', . Cosden & Co. ranged from 7 '4 to M ,md uklu homa moved up fiom lil to i! '. Wright Martin sold at i.J to S: SUKiniilno at IP4 to 10'j, unil General lltci'i e ilghtH tinin 2 l-li. tu ,'3-lC. Tllaiu' uis In suppl, Ftl Ing down to " -Mining stocks were Inegiilni lagnia iidvanclng fiurn Id t. M ami I 111 de clining to 3fH. Muson-Vallcy uu.ilu-ed troni 4U to 3', and Nhilsslng mt,v M up , to (, 1 IMIf-TlttAI.S 2111 20? 103 10 (I Quotation given Is yesterdaj's cldse'. 3 30 no hit; 12 3l)i 3' 07 li 71i H 114 3i 83700 11)00 10110 lllOII 511(11) 1IIIMIS High Low. Am (i & Kleo Ss 80 Uald Loeu lilt 3s. OS'i (Itv Is 17 fin', Inti'rstnio lijs 4h II I. 1 011s I 'js 03 11; 701, II8',4 111)1, Nft !)8'i - 1, . '! 'V !I7 17 l Spectacular advances wcro lecorded by railroad shares on tho Philadelphia Stock Lxchaugo today ns a result of tho announcement by President Wilson that tho Government would tomorrow nssunio control of the rslluay systems of the count! y to help win tho war and that tho can lei s would be guarantcee' net re! turns equal to tho nverago net earnings of the last three jears. 1 This statement by the President was well received In the financial district land brought, much confidence to many 'persons who bad been fearful that the Adinliilstiatlon would not pave the way to keep up tho values of such securities. As a lesull, the uncertainty that has been felt for a long time disappeared and with It the pessimism that has madel oroKern ooaru rooms rucnc-i huji:iiiii places In lecent weeks With tho wide advance In the railroad , I Issues, and the general Improvement uuo I to tho same eaiiso Ir. New York, the 1 Philadelphia market became much ' broader and good advances wero re corded bv nearly everything on tho list Naturally tho greatest amount of hi-1 terest hire was centered In Pennsjlvanla lliillronil aid Itcnilliig Poth nf thee KlOcks iliov. ed liuinrkable vigor and the romier ira maiked up nioie than 4 liolnls In I it' and 1 he latlci rcmed I Aetna Kp!olvcs Am Hrlt Mfg , Am Marconi . . . t Og'Am Writing Paper. III. 3 31 -1 .1 20 01 61 l KC 3H1 - I, 77 ' tniljllla 173 3 '4 'l 3.1 MVu 31U IH'4 Ji 412414 1)1 381i 88 20i 81114 91 3111 4ii 7'4 42V4 IOI4 79t 3 4 Hi 211 18', 10 30T 7'i 58 rl'N Hi. ' '4 -314 ! ,4 lly 1-1'!. -2 1 l-' Mr Iteductlon Canadian Car Co . . 1 an Car A. Pdj prof. Charcoal Iron . . . Chevrolet Motors Cram e'urtlss Atioplanu " . Carwcu Tool Carbon Steel Kmersou I'houpgr.iph l'Vderal Hjo Ilendce Mfg Inter Lube KathoUloii Iliouze . Lake T0111 Po.it Lehigh Ciml Saks Lima Lino Maxim Munitions Marlln Anns X Y .Shipbuilding . . . N Am Paper Pulp y.j Otis i:icv ator in i-ceness .1010r ij ni 11 11 "11 m 311 1 1.1 10 214 1 J J. 70 10 '4 811 30 Poole l:ng Hcddeir Truck ... . 15 Scrlpps-Ilooth .", S S Kresj-B w 1 . on Standard Motois ... s -i 2'.j j Steel Allocs . '.. j. 1,4 Submarine .. . 101.. -i-lV4lSt Joseph Lead.. . 1$'.. j-1 Todd Shipbuilding . ;o 14 , Triangle Film Teet 714 (! 3 70 20 50 714 8 '1 7.1 2K !) 811 I'i 3D 2 1, 314 On 3t 3U III I I lil) III 7ll S'j 1 lose (rule) SOOULch Val Coal 3s Inn inn 100 I'UO Lib lionds 3'2R.. 08.18 !I8 98 -J. 10 11100 do I'd 4s 07.111 9(1.88 90,88 ,18 7lnnPlillai:ieo , 1st Cs. 01 9J !i I 31000 Heading , gen 4s. 83', .SJI, 831; -I jr 1 1000 Un ltv.vs t C 4s. fij fij (j; J ; 1000 Wi-Ubach Co Cs. 00 o 00 .. INACTIVE I'HILA. STOCKS Following aro quotations for Inactive stocks listed on the Philadelphia Stcek i:cli.uigo and In which there weio no trans ictlons tod..-. The prb e glvm Is 1 the last previous close: ngaln of 5ij points to 7J. Norfolk and xesiern nno imracieci ronsmerabio at tention by soaring 7'1 points to 104 and Lehigh Valley was up B.'J to 88'. Good advances weie also recorded by Lrle and Now Haven, while a small salo of South crn Pacific look placo at 83 TJ, a gain of InnrA (hfin ft hnlnl. Lake Superior was by far tho most active of tho home shares nnd was as high as ll'i. or ?i abovo esterday's - t-iwnuiK iiuuiuuon. x,enigu fsavigatlon ndvonced more than a point, Philadel phia Hlectrle fj nnd United Gas Im provement I'i points, ltapld Transit certificates were stronger on reports that the Sinlth-Tvvlnlng lease would bo favorably recommended to Councils, ad vancing ; to 27i. Steel common showed good strength all day and Was quite active. Its prlco rjintrpil frnm 84 Ti In Sfi ctn1 n. 4t.A lnl. ter figure It was 4'i points above last night's close . Heading general 4s advanced 2i per cent In tho bond market and thcro was a laige turnover. Thi Tlimf Incilnti nml Ttrrtrwl.ftr. vtm.n. tain ltallro.nl and Coal Company has sold to William Mairlott Canby an Issuo of $134,000 equipment trust bonds, se cured on slsly steel gondola tars of 140, 000 pounds iMpault. wblili aro to be built by tho Piessed Steel Car Compan. I in Am (Jas War . Aimr Mill . Atn, t Stnri u Vm slurr-H i T? f i iiurf . suni t c .in llllir Kiivii .,f Ml I'uin Htrl .nil i .in Iron i 'on 'I r il N J lion VM.Nilt Inn i'ii N A K,y '1p1 jiref K V T.I 11 ,r Ivi id.ni' Til Leh V ul Tranw l.cli nl Tr nf 3s Utile Schuylkill ,11 Mini hill . . .-. North I'ut . ;.' I'hlll I'u L'-.'i 1' It T 2.1 llu . e'.i i :. I. it. lie i n i',h N J . Jo. I.i.'j I llm of .N J Jill ll'i I" S Mi-el tr.f .11111 :i Warwlik Iron s'. 51 Went I'oal . To l"'t V in ('run p . T.I so'. Wk Hm nf . :. New York Bond Sales Lehigh V.illef.. 50 Louis & Nash. .113'.. 100!., HOli Suggestions How to Invest Send for Circular L 143 A. B. LEACH & CO. 115 South 4th St. Manhattan LI 97 Maxwell Motor 3.1 do 1st pref. . 3.1 do Id pref 20 May Dep Stores 40 Mex Petrol .... 7.11. Miami Con Cop 37s, I r .c. . r. fiu Ha. DIVIDENDS DELAKED ' NEW YOKK COFFEE MARKET I m S P & S S M 8tu I Ottumna Kallwa,' anJ Lleht Comrnnyi jcilW YOltK. Dec 27. The market Mldvalc 1314 1 nnd the VVe.terii Mtiil.a Oa. ami lllwtrio '-" "". "cc - me marKet Kan & Tex 414 Company, retrular iiuartfrly of 1". pit rent for coffee futures opened qulto active, I miL,,,1ti pv oitj. 'on nrferriHl. payable January 1 to atocl. I , ' ' .Missouri I ac. -ill. of rerunl Dfrenilr 31. at un advauco of 1 to 4 points. There do pref 43'4 Amerlran Laundry Machlrery t'ompany. was renewed support from outside In- Mont Power... (I2T4 1". on pref'rreO. puablp January 1o to utocl? ... .-, c . iit, of rrcorrt January 5. nooks dona Januarj terests, with tho offerings from scat- ... ,'. ,.'.,, 7 to 13 tnelu.lv e. ,,i .,. -V1. lM A St'.Kl J . COSDEN OIL 2SO.OOO Acres in XJ.B. '( B5.00O DblsRefinedDaUy 2.500 Oil Tank CM-a 250 Miles Pipe Lino i; Earnings and Dividends CoBMlldatton of tho old Cotrjn it fXuiMait f BIIM vvaurii un oc UKa I.UI1I peer Into the new Codn U Company, ntkri on of tho largest oroducinrr. frennUii and marketing oil organlza- rxfiuns in VAisieniD .KaraUft for fint nine months of 191T over 17.43U 00) or more than t' la ataare on the common stock of the afterpayment of all expenses, Includ r'lnjpart depreelatlon and taxes (ex cpt excess profits tax). t'lMvMnils paid by these consol Ida tea properties reach a total of nearly n llTlli AflA In tnttm .n rm VWVWVV UH IIK1B. ". Smnd tor Rtport 169-T.U. rMM . 1 rJUHbd t OHREiK .;-, stock liKOKints H WideBer Bldf., Philadelphia U. I.OI1. 1 Mllui lUilM, ..S4 Ktriton, Ilace 290. "Smir York lloiton Cblexo I'ltttburih !) Dirtet Privati Wires. ON KB t( BAKER, itner Dir., PMlaJtlphia, Pat I rno Tour rtport on Coadtn Oil. ', nf t4 & Slate 100-T.U. ,i,t-l- .,.l1- ..mn.nv rt-trr rf 11. lv,vu oww.,.. illlOUin innn vui'u -. . . - per cent. paabtfl January 11 to atoci of m reconl Januiry 3 Hooka losc January 3, " reopen January 10. MptrmbeV IVabanh IUIIway Company. rfKular eiuar- l)(,0ir , lrly of 1 per imt on rrefrrrnl 'A' mode i,.cmbr p.iabln January 31 to stock of record Janu- jauu iry . ""southern California Kdlson Company, res- v:ar'i'n.ilr! ulur iiuartprlv of II 7.1 a nhare on pre- April . firreil, pajable January 1j to atoce of rec- t jta onl Iecrnber 31. June . New Jrrey Ztna Compan-,, rmular ouir-'juij . terl of 4 rr ei-nt. pa able J.lruary 0 to alork of ret-ora January an Kansas City. Port Sfott awl regular quartern of 1 rcr cnt on trut i-runoaii?s. Vntlnnnl T.eail.. 40 lgf' Nev Con Cop. . 17 '4 7.MIH.7.H1 N'nirOT&Mi 10H s oiitcs iit v- v Air Drake. UO'i. New York Cent 73 N Y N It & It. 3014 N Y O fi. W. . "Jl-S, Norf & West.. 101 North Amer North Pao Ohio Gas ToJaj'a oppnlni! l 14ft 8 1.1 4Ji7 41 7 43 'i 7 4", T 11 i 7 53 04 & 7 S3 7 UIW7 r.l . . T UN to 7(0 ...& ..... 7 7.-.T7 7il, 70167 03 7Dua7tu 01 33 6.1 1IC, 1.1 7314 30 ! 8 81 417, t 33 30 OMi. ll'i 30 4014 Ifllfc 17'h un (18 lj 3814 3014 a. 7 T 51, J-4 14 3'V, -f ! n.i'i 33 63 3 10 It 1.1 tS 747 3'H i-'h, 1 814 "t 8404 -UT 4314 - ' 4)4 -M 34K, -rl. 43 H- 471. 03I Culled Piollt Sliaiing If S Steanishli t'nlted Motors United Sugai . . World I'i m . . . VrIght-M.lrtln Air.. Zinc Concent 4 'a 17 :o IjS. iip'j Illinois Ohio Prairie Pipe ... Stand Oil Cnl Stand Oil V .1 . Stand Oil N Y. . STAND V III) OIL 180 1011 . J8 I . .313 , .500 341) 387 333 317 610 315 313 310 IN'nLl'IlNDh.N r OIL STOCKS narnctt OH & Gas. Cosden & Co Kile Hasln I'ederal Oil tv"1 I Inter Petrol , Houston Oil Memrhii INACTIVE NEW YOKK STOCKS "cns 1,ot Preform rollowlnB urc uotntloni f . , Penna It II w ..iimrhniitn Air UraU. riffular cuar. w Vorlc Rtnpkw nml l ..,1,1-1- .. h l en was ,f.rl1, "L'MJRi'.'s1," Janua"' -1 lo ttocK were no transactions today. Thn ,lri. innranili Compan rfirular nuartfrly of given Is tne last previous snloi IV. per cent on preierrro. iiuaoia January 3 to atock or reconl iieceniDcr n Mount Vernon VVoodburj Company, iiKLl.ml nt JU nr cent on preferrei able February 1 to etocK of recoril Northern I'actfie Railway Company, reir- ular quirterly of 1. ir cvnt. lKisable , February 1 to stock of reconl January 4 Amerlian Maltlr Companj. recular quar- terly of ll per cent each on rtrst anil aeeonil preferrea. paable Pebruary X to holders of recoru juuni .. I j American .viailinK company. n-Ku.Hi iiuur i a terly of l'a per cent on nmt anil acconil , . preferreil. Iwth payable Pebruary 1 to atock A lanuary Artami llxpresi 111.. .May Iiep, j, , ,n. ,, ,,A.lvanco Hum. O'j Vei lv7 !'; I0 1 J"nU- AA'r. Chn. 77 M.VWi,rBr nffi 7KI-, .Vat Acme ' .,.I.! . 04 .Nat Hl.c'7, M't Am Aur Chm pf II Mori-la Am .'..linn Oil . IVa Afi.T-pi. s;xpreai Am I.oco pref 30 4 85 33 Vi 3.1 & C 37 Pele Marq vv 1 1514 do pref .... 40 Phlla Co ... .35 Pitts & West 33ij do pref 10 Pitts Coal .... 43 Pr Steel Car.. 5li Pub Ser C N J.100 Pullman Pal C1P . 15 30 1114 47 !4 33 31' 50 II .11 1011 U014 431f, 31 70 75i)4 00-)4 703 31 30 1 1 1414 48H 33 314 00 100 113 44 Yt 3114 , 1 . 74 . . 3 "4 . 1.1 . 37 lj . 31 , 100 4 . 14 . 0'4 .Sinclair .United West Oil Xm ilalt pref 30', Vat n,"Cli" "' 'loi "V SUcl hlnlnK iVj im miuPM.f :i!..J. Ni? $ ' St'-,,! Hay Con Cop. . 31 m smcu pi a j" -i .at i:imm a li; .. Iteauing . . . mv m rupur irvi " -voift ...;:.. ' Ul i"B " ' ol,r,".?S il?" .";. a.t.riv f i ., I Am Sumatra pi .. .V y ,." i. 65 noal Dutch .. 00 00 00 . . I Hecla Mln cent, nayabie: January 23 to stock o' record I , t i flitl 0214 S J .9 IV .". i?.,' i Saxon Motors. . 6 314 314 U . Howe January 1.1 . . . , Am T & Cable 51 v. V;?r.k' .in. ht L S V ... . 111! 13V4 1314 14' of'iCoer cent on flfit nd Vecomi prefefred. .2,,r&KrSt ?S -. Ji m'-m1 55 J ' . Scab Air Line. 84 14 14 t -')4 Uerome Ve both payable January 15 to atock of record ' yjinP i I. pf 4n V.or' South 'iV do pref .... 18 17 18 -(-IH I Jim lJUtli r'SSh, llanl,. rerolar quarterly of A.ao IIO 1st Pf f. ' f rf yt.t pf sM St.nrR Hoebuck.131 lt 130 3H) , Jumbo K 214 per cent, pajable January 1 to atock- "jrii.'i if" mi fhlo lj,,. ,,,; '' Shattuck Ariz. 15Ta 1514 15Vj McKinley hoTHera of record December 311. v.. , , t At bl Ontario silver" i S oss S S & I . 37 37 37 14 Magma ...aS'k-5e'2Hn,W.arVJ.eSK AtVAVunM'7;.itoVi;r..Bk Sinclair Oil . 28,i 37H, 3014 lil Mother 1 iu""'"t i . :;: .;' j .. imrreit wo iuti" ",,r'w hoi nrf iao n...i. sn-ti.. &hW February i 10 siock 01 wwru j- jirklyn Un Gas, 101 JMclnc Mali "t ouui x-uuiuu . ""iTeu'i.r- Lackawanna and We.tern lull.) ',n ?,";..., SJ rn:A! P'' So,fr," "" v road, quarterly of .1 per cent, pajable Jan- Sff-Vk l''i Pref ct rfl"r do pref 5' uarv 2J to atock of record January D !!.l 1'a.klrr fo 01 Peoria t r'."." ' Sup Stee . . . 30 .Vtna.achu.ett. tlai. C6mpanle.. reiular I ' SA.m-r..Wh r'l it rPi" . " ' 9tudebaker 4it quarterly of l per cent on common, pay- I Vol ft So Jt i W PhlTa Rf P"f " bt"aeDaK.cr "J abla February 10 to atock of record Janu- v .?. "pI lT ,"" Co .. . ;-, do pref ... . itOYt "rJi.iton Consolidated Caa Compay. cuar-, '"pFfisS lifrjVArro,,- pf S'J 4 'l?e,d1sHaeVCn;'e!jlne.nanennln Com-I .M""!.! j?. M?'c4?jf IV mnr. regular imarterly of fl.25 on common. '! r ."..... tiT ' t. C & fit F -, payabfo January 13 to atock of record Janu. I " J- " .(jVf 4-Vi "'"olnc 1st pref si iry 14. The regular quarterly of 87Ki. cent. U?L 1 Ki: nS5 ?5 Jf" ' S Pref i.iii was also declared on preferred, same dates Mohawk Mining Company, dividend of )lt 1 per share, payable February 1 to stock of I record January 0 , Inspiration Copper Company, usual quar I terly of $3 a share, pajable January 2s to stock of record January 11 Cal M 174 S?ae" Arm, .. M 1 nref (li ". '.' H P Href "-. RAILROAD EARNINGS bOUTHERN ItAlLIVAT STbTEM. (Lines rnnt Can Con GCIi Cflnl Int Cal e'orn Prod pref ho1. Cuba Am Sub rf 10 " f. " . . 221, Cuba Am Sue. 141'. S.-'K'''-0" nref ,n,i r I. ft W 170 5? P.K Huar.,i4-i liter ft Co i.f 0.1 ";nd ,M,lllln Jv, nen i iv:'..ur ...' ;.;.. .",."n tif i HI l. j. u'..l'r" ' Tenn Cop&C vvi 1214 Texas Co ....131 Tob Products.. 48 Twin City It T fllTi Union Pacific, lis do pref . ..70 Unit Alloy Steel 3014 United Clg Strs 8014 111 30 , t-itt, iMerritt OH .. 171. 14 ijildwest Oil .. 17 h S. jjet petrol . 1101a 1 0i,0 ruei r 1 Oklahoma Itef ' 'nicn on ''. 3 I Vjanilln.i Itef 1031a 103 ! a-7 Kenuovah . . 30 30 I4Il.i..i.i. 81 84 -8 3414 341 1 53 35 t-3 I MINING hTOCK- tJ"j I Alaska Standard .... a - '! Atlanta 7 f- Hlg Ledge 4 i lllsbco Cop (a pro-i) Uutte Cop & Zinc. - - Hutte New York. L-Vii I Cal & Jerome 4114 -rllijCon Arizona .. 314 -r3! Denbigh Silver . .. 3 l'nima Coniolldated ., 4V1 First National fS Goldfleld Merger . .. f "Ji Goldfleld Com 3 Goldtled Klotenco ... 3i)4 iGoldrleld Kewanas ... 114 Green Monster Ing Sound Independence Lead . . rde nutler xtenslou , , , Darragh . . Copper . odn , . , . 81'a 8314 414 Mines Co of America 3314 33-ii 1 Nevada Hills .. . Nevada Wonder . .. Niplssing Ohio Copper Itay Hercules San Toy Stewart Tonopah Lxtenslon . . I'i 8 on 3 131a 3814 211a 103 58 30 43'H 0014 Ilia 137 4014 04 33Vii 3 3014 V 44 19, 00 li .. 13- -4 130 4 I 4714 114 13 11m li (I n, la l-.'l 114 " P4 3 .ft Mi Hi 314 314 A 74 13 57 30 20 Hi 5 Hi ')l. It (1 14 1 17, lft 1.1 5 314 id i Hi Hi Oi Mll'UM L'.'HIIMt MJI-U Hi), -u 1iHO irn(ii( I'I Hit . (Hut l.tUIH lMIIII) 7MM) ..( II I llMII) JUMO ."01 II I 'JIXIII l'.i II Ml Imioo "tinnii hOMII Smikio .MIDI) l.'IIIM '-noil 4(iuii IMMill l'JlMHt ,",(MIM lUOl'll 3"tHJU Jill ill iMiniui 1 "till Ml MHKI lllllll .".( H lit 1HIOU 1UMU ryMii )IUII ;mkmh MJIO.iO ilMH) "IMHI ."(Hl 10H0 :.(hm) l.-.HHIM L(Mlll iriifin KtTiiHii ."on 1 1 i;Him K01) .".noil 10(1(1 1IMHI llidllll Til KHI 4iihi0 'OIMMI l.tJMMI 1'ruuii 7000 'JOOII 11 -t 110(1 1)00(1 10000(1 looo MHMI .14000 :vmioo 37000 noio -10000 1000 BVKHI 11IHO0 loooo 1VW llicih Am mih It iV Hf T.a Ml Ml M .'J AliLlft-IVriK h Am 'lihlt Is .. Armour C l'a Ati hlfon inn 4s u i v i , , . , m 1J - Is iDnii . 1 All ii I, Ut le.. sj ) 11 lit & Ohio 4JH... 7 I" In .. . ' 7J ll-th HI! Ul Ss ,ilf 77 lro;K IS T .".a nils JUU Hurutntix im ., ,, Nj Cjn llot ."h liiJl. niit do .". ID ,1 ... h7ia f'nl Gas A. lle ." lnt'j Chlil opp r 7h loo dun & o i PaH 7o li tonv "is , . . 7li Chi (It Wift 4o .. I'M t MI'mi 4h J-j 77 1" rM 42h . .7 do t r.H ., 7t,i do cv I'-a n ... 7"ii2 it i a. v rM 1h IIP, I.m SJ4 !'0 Mt si'' SI SI 111'. SJ1. I'll1, Si's I'll', 1ml Sentiment Influenced by Sharp Upturn in Stock Market. January Up, 27 Points XKW YOniC, Dec 27. Disappointing Liverpool cables were disreg.iided at the cotton mn.rl.et open. Ing, sentiment being influenced by the sharp advances In slock and what was termed tho favorable character of all the news .laiiu.it M.irted 27 points net higher, vvhllo iiotnber dropped 2 points. Other nmiitlH wue 1 to 4 points higher. Tho tone was llrm The earlv advance Into new high giound foi the season met considerable smith! in selling Tills eleated an Im Piession that the ndvnnce In futures had mittiliiiicd stnthern spot markets and lint orfeilngi bad Iticieased. Theio was good buing around the ting. I.ugtlv from trade souicex, nnd the celling was not badly taken, but tho loiio became rather unsettled with prices showing le-ictlons of 8 to 10 points. A good lunula was leported fiom splnnHis this limning, but prices bid are said to bo too low to ieult In hnmedi.ito busines". 7.1", .11', i,i,. 7ij Vi;. sot, ll'i4, lot 71 I J J?' Ul on M 117 OJ I lt if Paris i.t h un (Iiih ion? oh , wt ( rrn cirt l'anco ti loi IMn Siur Corn ,is 71 i.ri mm Jh lp a i i to Sr li . , , IV . l) 4n Sor !.. . 17 llnck Val 1'iH . 7.. Ill tVntral lt. , u Ititerli Mtt I'jB,, ",j Inurh H T rcf r.t . 7s Int r Mir JI ir on . mi K O I I S .Ul Is on l.k Sh iMi Im 1it.lt st Mhcitv llonil 3'i--, iM.lft ilo 4t . . . 17 . ili l"t U ;;.o I.on it- n'Sj Ali.-i-tllNH Us . J JI li. & T ltt n .-.s Mot tst of Chi T.a M hOT, Mo 1'ur Bin In r.7 ,v,ia Piollt 1'ouer fii , , Mi Mi N C K II 38. 71 71 do lis inj sjtij X V 'IM Mil I1! 8. M j Mi's North 1'ur Ktn .Is. fts .v. tro, S U Ut in.. loji lojt, rcinc Tel f ,. !1 12 up, IVnnii y n rt 4Ur S7'j S7 Tub viv N J ft 7nit 7in. IVro Jlaruut-tto 3 7it'3 7i)'a ItiudliiK kn 4h . M i .l I. 1 M A S 4i 71 71 ht i fr t r njt . r.m; ns do In .... 4 1 4.1 do her A . f.7 fi S A 1,1 up aUJ ofl 40 4M houth lac Im , 71 71 do cv 4s 7Hj 71 do tv 1,-4 . . , si, sit do rfd 4s . 77 77 tSoutli Ituy gon 4s .Vi bsi4 do f.s ooi.j imil Ttsaa Co Us . . ll'i IM4 II S Huhber Tib 7U 7.'s''i IT H btecl h f r.s.. UK? Ii.ifi Union I'hc Ut '43 Sffia u K n li i i r.M.fiTH i7 do fiH 1018 , I)'M4 liis4 do 54m MM . Vi Uira do M3h new MM f7i 07 i do a'as M.'l ,, U lli; Vu Kh,h Bi . ., S7Va "7a Aest Jld Ut 4s.. r.0 5Qit 77 i7 ?;. UN VI . ll'l-l, mi 71 7s 111 nil M 118.18 1)11 ) ! 1)7.(13 J. 71 HI silVj .Is lnjlj tui, S7 4 I.I 'a 3'1 I'l 71 71 stij 77; r,ii;, till' II 1, 6.1 1 1 ss 1I7H ll'i , mi, 7'i lite, S7 4 60', FAVORABLE NEWS SELLING MOVEMENT ADVANCES COTTON, MAKES OATS HEAVY, Embargo on Shipments East ward and Larger Offerings bend Prices Down CHICAOO. Uec. i'7. Ueiiei.il 4 selling, duo to the placing of an embaigo eastvvird by tho Balti more and Ohio llallroad Company, re ports of larger offerings from tho coun try and expectations that a bill would bo Introduced In Congress to give the Food Administrator greater power, particu larly In legard to coarse grains, mado oats beavv today, following a firm start on local bujlng Induced by strength In tecurltles at New York On tin- decline tho market lan Inlo good supporting orders for May around 7Cc, but theo were taken care of by sales fiom local longs and support ap peared to be kicking. Tho volume of business vwis fulrly largo and mixed. Tho market at Liverpool was firm. II.il vesting 'In progress In Argentina, nnd samples, showed a good uualliy, but the leld Is disappointing. No exports wero expected from that country for tho w eel,. Th high on December was SOc. tho low 770 a nd the close 78'4c, com pared with 79 "jr. the final quotation of osterda. The best im May was 7C,e. the bottom 75 ',c and tho final 755si7B'ic, against iCHc, jesterday'a last price. Corn aNo became heavy after it had been firm In the early trading. There was fair support by commission houses I In tho forenoon, which encouraged buy ing by local Interests, but the latter un loaded In tho afternoon. Tho volume of business was small and mostly local In character. Shorts did some covering. Tho weather map showed general fair, but a cold wave was forecast. The mar ket at Liverpool held well. Crop news from Argentina was hetter. beneficial tains having helped the outlook. Tho high on December was $1.2754, I tho low J1.27',,. and tho close $1.27. I compared with $1.27',., the final flota tion of estcrday. The high on Janu ary was f 1.2(7 j and the low $1.25i and the close ?1.2Gt;, compared with $L26',J, the final quotation of jestcrday. Tho best on May was $1.25';, the bottom 'Sl.'Jl3. and the final $1.24, against i $1.25 Ti. esterday's lat nrlce. x.eauui ruiurcs ranged as follows: 1iter.li'K i I,,.. Open linmirj :i' '' in 71 vtnrrh 'J'' "I a""" vm us II '. i i July.. . "" 11 -' 1 Snot . . til r.o . 1 1 r.o ii in ij in i in in 117 .in HI .10 I o :,ii o7 im in .in nt jn r,7 tin eii u".i is : Liverpool Cotton LIVUItl'OOL. 1VC 27 Sliot cotton dull. Hood middling new continct, 17 points higher, at Jl 9Jd, nnd middling, old conti.ut. 18 points up. at 22.4!ul. Mies, 2000 bales 1000 Ameilcan: Re ceipts, 4S.000 bubs, 21,000 American Futures, new contiact. opened tndiy. old eiintiact spot pi tees- .American, middling, fair 2S70d: go'd middling, Jifilid; middling, J2.4'.id; low middling, 22 V d; good ordinal .v. 20.07d; ordinary, 20.4 4d New contract spot prices American middling, fair. 22i57d ; good middling. 2l02d, middling. 21.42di low middling, 20 92d; good ordinary, 19 97d, oidlnar, 19 4"d. Cotton Buyers and Sellers N11W YOltlC, Dee 27 Innuaiy Wolff and Haitcorn bid: Mitchell, nomi nee, rilnn and 1'reeman offered March- Oeer. Mltehe'l, Mcl'nddcn lliipklns, lliook", Wolff, Cone, Schley, liulld and Lowensteln bid; Iljman, Downs, liiooks, Martin, ltountree, New man. I'lederlekson and McCnany offered julj Newman and Mitchell bid; Itiordan, W. Uumoens, Itountrco and Mcllnnii'y offered. October Sellar bid! llosenbcrg of fered. XKW YOltK HUTTOIl AND KGGS VIHV TOltK. Dec 27 Ill'TTLIt ne tel'iili. &'H tut" . Market Arm on top 'l,; llUh scoring-. riiHsO.lle, extras. 4.ii,.10c, , llrsts. 4lijS4'Jc; State Jalry. 4S?lH.a lteeelpts. 0117 cases. . -Market strnnB Ultras I.JC-. extra Mrs's. Olc. Ilrsts IsHilHlc: seennil.. r(1&38c. stornce. 40V4 iP it mixed r.swiic. Open HlBh Low Closo "los Corn (new delivers ) I)c l.S7Jy 1 27s; 1 7's 1.37. t1.S7K jals- ' M ' -1' n'-''' 1--4' Dee .. SI) Si) 77. :7s'. 7nV, ?" . i'l" l''i" "' 77 71I1. .March . 7N. 7s, 7fi 774 7sC .May . 7.! 70'! 73'. 751 70'i l.ftru Dei ... . . . . 24 u-o Jan. . .21 07 21 HI 2.1 UL1 21.D.", 34 il .Ma 24 1)3 24.li3 21 47 21 Si J 87 Itlbs Jafl . 21 01 24 11 J4 07 124 07 24 17 .May . 'Jl 77 24 77 21. ii H IIJ ;4 07 Pork Jan. .. ir, ST 40 on 41 S3 41 R1 46 no Mat ..4.111.1 4.11)1 4.1 411 t4.1.4J tl.1 Sit Hit. tA-keil JNomlnal m Bat Silver Ijist 1017 Today Yes. Ihur. Hlnh Low N York Cols ) sim, sun wis 1IISV4 7iw .ondon (pee.) 43N H'dy 43ii 03 sift 84 r-21, 108-)4 110 7 IOi BO?. U 35 311 1 87 88V6 ltt I'nlted Fruit .113M, no lli',4 IK, U B Ind Alcohol 117H HOW lli 7 , United Verdo West Knd Con White Oaks .. White Caps . , Yerlngton . . . 3 0 If 33 j 11.1 3 V S Ilubber do 1st pref 10 IIONDS OJi)', 1.1 ISO 4-1 28 Oi 1.1 lYt 5 it 3n 11 U Vt 1U 13-32 3H . . (i liO ?; "o-3i :i!i 27 Kl FOREIGN EXCHANGE SEW YOltK. Dec 27. Tho foreign exchange market was dull and In the mala steady In the fatly dealings today. Flench exchange Improved. Otherwise the market changes were Insignificant. Quotations were1 Demsnd sterling 4 7BJV, cables 4.70iT,. Sixty-day bills, nominal')', 4.711JG .7l'i: ninety-day Mils 4.69'i'(it4.69i, Frano cables 5 71., checks CiS't, Lire cablen 8.33, checks 8.34 Swiss eali'is 4 30, checks 4.3b Guilder cables 43s,, (becks 43. Pesetas cables 24 30, checks 24 25. llublo cables 13s., checks 131., .Stockholm cables 34, checks 33'-. Chrlstlanla cables 33',, checks 32?,. Copenhagen cables 32, checks 31 's. Detroit Kdlon.lS.. " ."" ?Vr . . ai.A I .. m Sm.it 11. en w " .-....- --. Ka.t and West)- 1U17 increase Third week December t2.ooil.2Hl 13.074 From July 1 5S.UJ3.31I0 0.8(111.938 OKOIWIA SOUTHERN AND TLOIUDA Third. week December l'rom July 1 188.777 L499.S93 1334 150.403 CTOaV ur ACCOt'NTANTa I MOIIILU AND OHIO Third weeK December is3.73i From July 1 o.tsj,22u WABASH November sross .... J3 B37.9T1 Net ...." l.O'JU.334 eleven months' iross. 37.lsii.0B7 Net 10.892.117 TEXAS AND PACIFIC Third week December f. 120, 478 Frsm January 1..... 21,854,848 MISEOUnl. KANSAB AND TEXAS . ,. s.- (. Knml as! ."' J?-.HZ r?o? jVn? iT.:::: .s:.a loess yecreaw. rSEAL, KBTATE TU Ikjatu A til Oar JUWION DISI'UT IWRKNCK . 1IHOVV.V CO. ; TKUST iiuucf. HI' FAHT.Se.,cl,IIIT. DISPUTED ACCOUNTS Oeeri K. WaUon. C. P. A: I rMMir. ca. ., iriia. nioa. apna tax reports ax' AaTKBTWKMPrrB 131.500 700,152 109.023 2.13.271 2.7K2..133 333.022 138.203 1.U00.70U -L.tt.rs te.umentsry on in all persons alsBtt to pres.n at hiln be.n (ranted to the i loaeDira io mo ssiq rQi)fta4 to mak psyment. and Claun tv present th same. lair, at m offico or i tne corpora ar. 40 catstnut at., Pblladalphta. - r- BARAM T, ,HOKN. vma whs AtfffrKiiBT com. IAI preid.nt, Kicvitora. CBABIJEel K. BtTL. 'KAPIIII lttp. ti.tM- abova eatala bavlnsr been vto)nt Ufa and Trust Com- a. .u persons ina.oisa to roanccted to mako pay- . claims to present ai law sHioa or.aaia Another Dividend for Cramp's Wlli'ani Cramp Sons' Ship and Kn glne Building Company directors today declared a dividend of 3 per cent, pay able February 1 to stock of record Jan ry 15. This la the same rate as six I months ago, jvhen dividends were re sumed. .. -u pr eta IB uu 1'" rw!3.'-i- aS West Mary rvvd t nf..ns2 I ,i0 -d nre li.- l new r,9', ' ..l V. p, t-'ltr htr pf.liu West L'nior d Drue ... nil lw..llne Ml l-l.n Hlnr llat.. ,'ihU SUp Stl 1st n.. V... .,.. -- :.-:-,,,- yv 7- .- pii lien cnemicai. .iio J" v- rets., luu Oeneral Clsar . 30, Tex t l'ac '. JP Hen Clear pt . ;' Third Ave ...,' ,? (tn Motors pf.. 77 Tidewater Oil "ni Goodrich 11 F Pf.10'1 Tobacco J'ro, pf r, (Iranby Mln.... GJ T St I. 4 IV,. ;V llrerne Can Cop .W f M I, VV elf. l flulf States Stl 81 T St I- VvVj" -S tlulf St 8 1st Pf.101 T St L 2d pr cts IB n..,mdn I'nm . H.I Una.. cl" llu. Ken iiari. a. unaervvd Havana r.iec. .ii un lie llomestake . . Sll i;i. ,. . . .,. ..T in .. .: .-" v tt rrVA.TnK. S4 ,l5". L Ds .... on fifths :ia; SajaR,g L Keok t D M... 04V4 " 'Jd Alco p( ov Laclede Oas... 80, , K H SJ;r '" 13U Lake Erie W.. 9 D 8 Ilealty Imp IJe Krle W pf 17S ,'' J"' 5n,. Lea Huh Tire 18 "'ah See Corp. 9i I.U t M Tob.. 151 Vtt Coil tt Coko 48 1.1 It t Tob.,17J Wabash pref U. in IJ & M Tob pf.JOim Wells.Fro ... 7014 lnr isi cis pi. .u .,ri ,-o ,, n, 17 B2; 7 32 HVi 41i Lorfllard p.... 150 We"tlnghous M k i rrei., ty i.t prer &-j.. i,i vvneei ul, u pr ih'4 M.rk&y Co Mackay Co pf.. 58 Mannattan ucn. . Max Motor.... May Dept Sir. Wilson Co VVIlMn l-A n,.l 20J4 Worth P t M.. 4SVi 9H 34 Will Abandon Traction Line CHICAGO. Dec. 27. The Public Utllb Charles Ilajden. of Haiden. Stone S. Ues Board has Issued an order which Co.. bankers. New York and Boston, permits the abandonment of the Alton, was e'ected a director In place of J. Jerseyvllle and Peoria Traction line jvearaley Mitchell, of Philadelphia, whoi February 1, 1918, With two steam lines resigned, as ho Is In tho Government, operating between Alton and Jerseyvllle, service. the electric lino became unprofitable. U S Steel do pref .. Utah Copper Var Car C . Wabash . . . do pref A. do pref Ii. West Maryland 13 pref ... 28 nlon .. 70 V, Westing Mfg . 38 Woolvvorth ...108 Wheel & L K, 10 White Motors . SSH Willys Overld . 11W Wis Central .. 37Ti 73 32 H',i 30 2084 13 28 79 3.1 10Ji 105 2 10H 3.1 35 1 17 1774 V. SB 37 4 937. 30 40 49 49 Bethlehem 5s 03 0B',i 03ii 2 93 Cosden Oil Cs 7.1 78 44 43 44 -r2 Cosden & Co Cs 75 78 88 84 87 -r3(Cudahy Cs 04 07 101 10374 101 h- lltusslan Govt 6'is... 40 lj 70 2 Ilusslan Govt GV&s... 40 53 as Southern Hallway 5s. 03 90 ,, 1 I Sinclair Oil Cs 03 40 374 Todd Shipbuilding Cs. 09 101 21 1 i 13 MONEY-LENDING KATES 79 NL'W 01tK Call money opened to- 37 l,aay at 0 per cent for lending nnd re new Ing. The time-money market conditions unaltered today and business was on BANK CLEAHINGS Dank clearings today compared with cor responding da ta.t two eur inn loiii intr, Phlla. . $71,149,747 $57,721,800 $10,518,012 I lloslon .. 41 ll'ill.nit .111.891.114 'JO.SJK.lltD N. York 572,(1711.5110 507.7UJ OJ0 453,095,141 IManayunk National Pas Extra The Manayunk National Bank has de clired a regular semiannual dividend of 5 per cent and an extra dividend of 2 per cent, payable January 2. tfHaaNV Sm f NATiOrTALl f v ti 1 1 1 1 1 1 IMF Corporations, Firfns and Individuals who contemplate setting aside a reserve for taxes or othev purposes are invited to make this, strong Commercial Bank their depository. Capital $275,000.00 Surplus & Undivided Profits 1,120,000.00 - OFFICERS WM, J. MONTGOMERY President SAMUEL BELL, JH Vice-President CHARLES B. COOKE Cashier JOHN D. ADAIR Asst. Cashier WM. A. NICKERT Asst. Cashier LOCAL MINING STOCKS TONOPAH STOCKS. Did Jim flutter MacNamara . ... Midway Miipah Extension Montana Northern Star . . Rescue Kula . , West End 75 .1.1 MA .03 ,08 .04 .osW UD nninmvin UlYwiVd Atlanta 07 niu. Hull 01 Hooth 03 Dtamondneld n II ul Dsi.y ' ?'-' Kewanaa o.i Oro 01 Sandstorm Kendall 01 Stiver Pick 03 . MISCELLANEOUS ArUona United 15 Nevada Wonder ,.,,, 1,40 Tccopa Mlalag , m ,1(J Ak .70 .11 .Oil .on Toil ,06V. ,8S ,09 .02 .01 ,OJ .01 -nit .02 ,112 .UJ .20 1.5(1 .20 a moderate stale at 'a nominal quota tion of 6 per cent on either good mixed or Industrial collateral for all maturities up to six mopths. Prime bank acceptances are moder ately active at 3 per cent for member bills on members and 4 per cent on members. On nonmembers the nominal quotation Is 4 '4 per cent. Prime mercantile paper Is slow nnd unchanged at 59. per cent to C per cent, riULADLI.PHIA Call, 6 per cent; time, 5054 per cent. Commercial paper, three to four months, 6VJ66i per cent; six months, Stiys?; per cent, I.O.MIO.V Announcement waa made todsy that the rate for three and six i months 'treasury bills had been reduced to four pe? cent, from 1 per cent, ANNUAL KMTTIONh i- Alii. .ah. A.w.k.ii, .,, oatit ...sec coui'.i.Ni PhlladelDllla. December 22. 1D17. I The Annual Llectlon for nine trustees to , serve three lears will bo held at the Horn. ' umce oi mo cjoinpunr, in inn nun aiuiu.i llulldlne. Sixth and Walnut sts , Philadel phia, l'a., on Monday, January 7, 1918, b. live vn. tho hours of 10 00 a.m. and 3-uu p 4a. JOHN HUJIPHH15VS, Secretary and Treasurer. i FUVNKL1N NATIONAL II INK the.tnut Street lint of llroad I'nuaaeipnia. iecemuer -u, mil. Tho Annual Election for Directors will be held at the ltanklnir House on Tuesday. January 8. 1918. between the hours of 12 noon and 1 o'ciock p. m. jf C.hler. AXX1TAL MEKTIN'CIW J VMTKD HECl'BITY LIFE 1NSUK- AM-K Alf 'ini'SJI- 11IVII"AX ur rr-ijinii,rt.iiv 003 605 Chestnut St., Philadelphia, Pa. the Annual Meeting of the Stockholders will be held at the im nf the Company. Wednesday, January tltli. 4918. at 12 o'rloc noon, for the purpose of electing llfteen Dlrritors to serve for the er.su ng year, and for the transaction of such other ku.lnt.. as may come before the meeting, - PTUNCIS H. IIBMrfeltLEY. Sjcrctary. WILLIAMSTEELE &SONSCO ARCHITECTS- ENGINEERS' CONSTRUCTOHS PHILADELPHIA and TORONTO Behind Steele Service la an Advisory Board of ' specialists capable of solrlng all problems of build Infi construction, bulldlne equipment and Moor space economy. Steele Berries Is coinpreheasirs end practical -U!!h: C4.1r-' .. v'-lJC -". ' . . . J.ifL 'il -- " c - UiJ!.- rtUTL..; m a-
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