Ir
.
'V
" EVENING PUBLIC LEDGERPHILADELPHIA, WEDNESDAY, NOVESIBEB 18 .1918 . ' " .' 'j.
"NEWSOF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES'
10
SW
.7
Denver, Colorado
'" 454 Water Bond.
r Cafes' N.f. I, III! Dm N.. I, llll
e - ..
l usuas.i r.t. i, Hit
if Lagat InTa.tmant for sating,
i bank In New llamp.hlra, V.r-
ranwnt, Rhode Island, Connecticut
'a)nd Now Jar..rl eligible as .acur
'Ht tor Po.tal Sat Inf. D.po.lts.
AU t! I! if
,,,, a rice on application.
, to yield about 4.57
"f A" for Circular PIMSH
The National City
tompany
Ct'tlironiint L '.ctl l Jl Cilill
rUUatlpau 1421 C...I..1 St.
Ttlephone 55S Locuit
BinJs-Short Term Aefrr-Vtrrrofanrta
I
MCE STOCKS
IJ'Ant securities as a class are
tlientUllr peace itocki
tellinf abnormally low
Vj' becoming aclive markctwitc
o
idranctnf In price.
tt '
(f
J
?f
f ,
r.i.
gV
J, :
PC'
'U'nle or booklet nlvtna fhi
information, together with data
aindlvidual stocks of the class
yours for the asking -no obllaa
ifflif. Clip ad or mention rs-tl
Scmwr&DEEKY
Vtemliera Con. Stock Tt. of V. V.
j'2tf Witlcnor Bldfr., Phila.. Pa.
l'h.t Dell. Vol. 4080 1 Itace 4080
'New York Office 30 Itroad M.
rren rillVATD WIRES
-.!
UNSETTLEMENT RftLES STOCK
TRADING ON NEW YORK 'CHANGE
Longs An 1'iic.isy and Urgently Tit to Reduce Specu
lative Lines Pressure Greatest on Steel Common.
Marine Preferred jMuch Higher
- - - i ..
New York. Nov. 13.
Tlio stock market was feverishly unsettled nil through the curly
fiiiennon. with n general feeling of uneasiness sliown by the Interests com
inlttril to tlio long side recently, nnd tlie principal featnro wns the urgent
elTort to reduce speculative lines In vnrlons group.
This pressure wns greatest In United States Steel, which was dlicctly
Influenced In the manner In which tho CJnry Interview, published this
morning, was construed, nnd that stock, after a rally to 999.. dropped to
flS, a now low record for recent movements. Sonio of the other steel
Industrials were tinder pronounced pressure also, with Bethlehem Steel
"It" dropping- to r0 j , and losses were sitlalncd In many other Issues In
this group. Baldwin Locomotive wns exceptionally strong, with pome of
the most Important intetests on the Stteet Joining In tho busing on
whli h It advanced mure than 2 points to Sl'4.
Them was steady selling of Heading from the opening on which It
fell moie thin 1 point to S9.
The copper stocks were also In supply on n large scale, with Anaconda
falling 2 points to 69st. and American Smelting, Utah Copper nnd In
stillation were offered at concessions during the first hour.
Marine preferred was helped by the belief that n statement In reguid
I to the leorganlzatlon plan would be announced today, and confidence
I in statements to this effei.1. Induced a good deal of speculative luijlng,
1 icsultlng in nn advance of more than 1 point to above 121.
Canadian Pacific sold off more th.ui 3 points to lt!34.
A good deal of uneasiness was caused bv tho action of the Uovetn-
mtnt representatives in prohibiting shoi i sales of cotton.
' BUSINESS NOT LARGE SHORT SELLING STOPS
IN THE CORN MARKET ON COTTON EXCHANGE
Ntno York Stocks
Last
close Itlall Low
Advance lluinely. 22'. 23!j 'i
Ailv ttumelv pf... 3!)' 371, ,Wi
Alaska Hold M . . I, ft .t
Alaska Juneau... J'j a', o,
AIII-Chalm Mfg.. 27', 511 L'ha'
2 no
p tn
.V.
I!.
2V
Agrlo Chem.lUaM I02' VQ, 10j,
M
III.','
I ll'i
sv,
ViU
i'i
u
,'ii
(,.',
(Kl't
to
IKI'j
.S"i
i.p,
lo'
fttr.
7
tU't
Irfl'
M)"i
(i'lh
oM
imh
Sft
IMS'
Ift
7ftlt
.".V.
It
ftl)
:tstj
80!,
:o
Supply and Demand Situation Han Placed on Untitle Sprcu
Kxpectcd lo Control Prices lativc Activity in New York
Hereafter
and New Orleans
iihi.r ttKXTiihn iokmim'
Vol. I. Illinois lulr to.
t,
i Barnet Oil Gas
BOCCIIT
soi.n
qforiil)
Morton It. Alexander
Phita. Steele Exchange Bldf.
7 XVIIIIam St.. V. . Tltr
SEND FOR "DON'D TALK"
Keep in Touch With the Trend.
faWfiRWKSSO
inrcapcBATr-
ti'Bloik Kxchanffe llUls
Boston
rhlla.leljJln
l,ltl
I III. urn.
iiUhl iinii lliuradayi aomonh.it urmrr
llinroil.tv.
ll"iirl fair tonidit nnd TliurdiiTi
Million hut unriiirr Thiirda In out nnd
tM.Von.lii I'dlr toiiltht mill Tlinrdiil
not iniiili f h iiiro In loiitlKruliirp.
Mlnnoxmi I'.l'l- tolibflit ihi Tlllirs
d.m u.irinfr tonlnlit. .
limn l'.ilr tnnliht nnd Ihlirsdlji
sonioivhat i.irnifr Thumtlai in rnt.
ortli llakoln Kiilr tonlcht unit 1li"r
d.iw Miirmer liinlnht In rat nnd irntmll
loldrr ThurMliv iirtrrniNin or nliclit.
Miulll l.lkiit.l Fair tonklit nnd Tlllira
iliilt nnnnrr tnnlcliti lonlrr Tlnirsday
uftrrnoop In nrt. . . . , .
rlimko I'ulr tonlelit nnd Tliiird.-iri
sonirull.lt Marnier tnnlKlit III xrt .ind
mirlln lonlrr TlinrMln nttrrnoon In -triino
rt. . . ... ,.
K.iii;i lulr tonldit nnd TIiiimiIAm
Miiriner tonlclit. ... .
Miinliinn I'alr lontalitt Thiir-d.ij- nn
rltlrd nnd roldrr nrobatdy ruin or -now
In ot. . , , .
tlMimlnE Talr and uriiifr lonlnlit,
TlinrviMv iniiili tloiidv nod colder! iiroli
alilt llclit rain or i-no In ritreme north.
nino.v iiF.r.T wkatiikii (omiiikin-
, Noiv ork. No. IS. Tho fr.Uoullie
Jriiinorntiirra woro rrionlrd In tho lotion
bolt this morninc:
Murmi. 31; .MitIiII.iii. hnnttlllo nnd An.
Iill. 3(ll ( liattnuoiiKll nnd ululllo. 3S
likvtiiirc nnd Thnmnatillp. :lll: Shrotp.
linrt. Mlniita mid iitiiiiiinli l.'i IIUIn
lioina. lort Smith. Mrnmlili, Mnntcoinrn,
( liarloatnii nnd t lliniiijctnn. Hi Mdlrnp,
40i l.lltlo Kofk. 1fll Tumiia. SJ Nr Or.
loan nnd Snn Antonio, ,1li (i.ilirton. .IB,
nnd Corpus thriatl, (1.
Am
Am Hcet Kugar
Am Can
Am c.i n prof. ..
Am Car A I'dry
Am Cotton oil
Am Hide & l.o.i
An II & l.e.i pf
Am Intel niitlon.i
Am Iro . ...
Am Ice pref
Am l.lnseeil
Am l.ocomntlxe
Am Sinelt &. Uef. WJii
Am Sin & ltef lif.Hd'f 121 1
Am Sumatra Tob.107 10S,', 100' i inr,;
Am Steel K'drles. h7 hS.'i SJ'i Sot
Am Tel & Tel...lOH 107Ji 1(I7
Am Tobacco 10ft)i I Oft." J ll'"
Vssorlated Oil.... CD'j O'J1, fi)t
Am Zinc I. H H.. Ift Ift HH
Anaixmda. Copper. 1 7D,4 (!)
Atrh Top X. 8 V . !!7'i P7 00"
A tch T & S V pf 01 ll.'Ji 0.li
AIIdii il & W I HO.', IKI'j 101)
tl.ililulii I.oco .S2't 84'a 82?,
Hall & Ohio 00 09.' i Sll'j
llarrott Co . . . .10.1'i 10.T lttl"
llntopllas Milling. ).'; 17a' 17
Hetli Steel inef. . 00'a hlli
lletli Stl Class U. OO.'i M)H
Hetli Steel 8 pf 101 lOl.'j 101
llrklyn llap Tran. -12 -IH?, !.'
Huttt) Copper ... II 11'
llutto & Superior. 2:1 22'
Hutterlck Co 17 17'
California I'etrol. 22 21?
Ciillforiiia l'et pf. tift'i i0J,
Cnlifornla I'nclc. IS -I!)
Ciinrfillau Pacific. IBS W H'al'j ltk'Uj
Ctmtral Leather . Ii0; 111 I'fft coin
Ceno do Pasco O. :ts.'i Ifil Jib'i US'-
chandler Motor.. 101'a 10-', 107 II IV
Chosa & Ohio U)'i mi liU'i it",
ciilcapo Lit West. 10 10
Chlo Ot Vt'cal pf. ".0 UPa
i 'hi M & St Paul. 01) j ft3Jj
i Chi M & St P pt. S3?4 io:
Cht & Xorthw'n .Kill
1 chl Jfc Xorthw't uf.Llft
i chi it i & Pac. . ni!' ma
X- li I & P 6 pf. 71
i'IiU P 7ro pt. &7
Clee C C & St It. 10
I Chile Copper .... 22' i
i Clilno Copper . . . 12!i'
I Colo Kuel & Iron. :
Ciilmnbla (I & K. .'lU-'i
i Convilldated Oas.10,1
1 Continental Can. 7.t.'j
j Coin Prod- lief . . . 47),
' Crucible Steel . fift
Cuba Cane Sunar. .TJ.'J
Cuba C Sugar pf hi
i Delaware & Unit 117JJ
' Den & lllo Gr pf. 11
01't
iVJ.'j
II'
Kl
17
21! i
toH
Wi
(i.'l)
I.V.'
H0.'S
SI
I.I!,
Ift
7.V.
;.o;,-
44
ftO
V.SH
ma
so1,
120
107'.
103
00!.
14;
00'
001
03! i
10'J
&2i
ftO.'i
10.1i
in
on,
C0.li
lot
42
IP
17
21!i
05'
401
ActD Yorle Curb
I.MU'NTRIAliS
10(1
l.-li
73;,
fcO.'i
10
22'
12'
411
iVili
10ft',
7.1.' i
17't
IP
17'
:;u
21'.
:n"
12.',
:0'
IP
vHere's Your Opportunity! I
"As iKrp.i,MOi:r u.VKnor.Tir
JOIINO MAN. IIIIXi ItVIU.Y nin
ClIAtl(JKI) FROM Sl'lt li rt IS
WTT.1.1NI1 Til Miu'r. I'nvvi 1-Tf.iM
c'yiTU a comym.wioN to man-
vlkt tiii; wiiiTiyi if n ni
riSKMKNTS. PftKI'Am.Vrt Il.tVH
CAXIPAIONS AMI III Vl.ltAI. III'.
TAir.S OF AD KRTIHIXH OKI'T .
JtKJKTHKn WITH SAI.KS LET
ra-tllJ tsi'l'a- Itsi l' ! a tL t Snoai
jiiar, rn i i r i iaiiis tn.ti
TICAI, RXPKIIIUNJ'J: AMIIITIUL'H
ANF CAP III. K
r H( HIM. TAKi: I)VA.TAii:
BF TIIW OI'FFK?
M :.'. l.l.lllil.K (I.NTKM.
f lurk, o 11
Tlie oinnlng of the cotton tnaiket uns
iwldlv excited as the result nf heavy
1 gpnernl liquidation nnd southern selling.
with first prices 10U to 189 points lower.
There ;b heay eocrIiig uu the
. decline, which was stimulated by the
notice from the committee "on cotton
distribution prohibiting speculative short
selling. The demand, however, was
overwhelmed by the -volume of the of.
rerlngs.
Tho Initial rush of liquidation was
absorbed gradually and the tone was
steadier although very feverish.
President Johnson, of the Cotton V.x.
cnange. jusi neroie the opening of bus.fin.,iratluii Cop.. .)
iic- uniiuuiu-eii mat no pan lecelved Interboiotigh ton. .v.
wurrs imm usiiingtou tnai runner
i-hoit selling by members of the ex
change be prohibited and members are
t. I "'"iieu iiwu snort caies win not ne
call tolerated.
.u'i
!I2W
hl'i
117'
11!,
II',
48' i
til)
Jl".
:il'
12! i
:;o
4.
i:iectrlc.lft3 1ft.".' IS'i lJ-'
Motors.. 1201, llll K.0 lit"
(O.'a
10
III I 0
Sft
10.1
1H5
HO
7il'i
bO'j
40
21'i
11'
40
.'10
Kit
7:i'j
10.T,'
ftV,
a-j',
M.'j
117'
U'i
IPS
47'j
ati
'Mi
a i'i
42'j
i!0
I
10
ao
'Vi
10ft
l.'lft
30
7.1!
Ml!
40
21.','
4H
40
30
101
73! j
107,
ft j1
Dome Mines
Distillers' Seour .
i:il Horn Coal. ..
Lrlo
i:rle 1st pref. . . .
Fed Mill & Sm pt.
tiaston W & W. .
lleneial Cigar
(lenernl
Lleneial
rsniulrleh It !' Co. oS
tlreat North pf..UL"i K)(P. 10ft
c.t X etfs for O n 32. 32, ..Jf
Oreene-Can Cop.. .VI
Haskell fc 11
Illinois Central... 10.1
81! j
117'
11!.
II!.
17! j
30
20! j
ai'i
U'i
30
13
ft'J'i
f.07.
17'
i.
riirtiiRii. Xov 13.
Kimlier demoralization In cotton at
Xevv York caused selling ot coin this
morning by local professionals icnl com-
i mission bouses and the market was
easier Business was not large. (orders from Washington that further inter Ilarv new. .117
. The supply and demand situation is.hi,ott selling by members of the ex- inter ir .Mar... 20J
I expected to contiol prices from now on i change be prohibited and members are iter Mer Mar pf.110' l-'Ui
and, while many take a bullish view of warned that short sales will not be nl',, inner. . . 31 'H .
i the probable export demand, others can tolerated. Intcinat Xlckel.. . alii
, attention to the fact that the proportion Hedge tales can be made under cer- ! k-iii City South. . 22"
j of he crop exported Is never large, and , tain conditions. Xo selling orders from Kcimccott Copper. 30! i
' also that the inquirers are still prospec- foreign countries should be accepted. I ,ci steel . ...70!i
,tlve or theoretical. Offerings were Weill tile announcement said, except for long i i!,i,ii', V.illev . 01
I taken and prices rallied above ester- cotton ' l.Vvi.i 122
daj s close. The opinion was eviuesseii thai n, I iutill Motors.. 40'
307,
4
30) i
10ft
32' i
. 307 1
4;
1U.V, 103), 105!,
50' j
0!
110
aot
35
24J.
4 l'i
54! i
115
20'
P.0W
31
at'i
22! j
10
lij
J
1 "Prominent banking liuuap luia im.
lions for two or three litKh-icrnde
'.nirtnun. In reply atule nee, ex-
lifrlenera and referenees. Ilnx J a.l 1,
. Iji-ilter Central.
NORTIIllKSTKItV Tnt.r i (IMPANV
Philadelphia, .November 11th mis
,,,-y..?;; lll!:,"'""' f '."" "oard.of1 fw ,ia, s. nalns ill the southwest have
ft rimwA nf nllij. iip font 1tt: .. ...J, 1 nut tUn l11Prll'!in wltltpl lP9t hplt 1 11
'rri.:,x:, .v r. x;..'. "'- irwi. i- - - ".::.-""
' nxllnn nt ,I,a ....1. !.,-.. ... ..... ....... . ..
..t.v.. .,i i,n- uiiiuiiiies ,11 v iisniugioil
would lead to a decided reduction In out
Handing Interest and act as a stablllz
lug Influence on prices.
Receipts at the ports for tlie day are
estimated at 25.000 li.ile .-. t.. inu, or na
I bales a week ago. 37.411 hales a" ve.-ir
' Oats started easier r.xpotiers were ago, ami jo,301 Dales two jears ago.
said to have made large purchases for1 Ye.ierda n'.sn 12000011
1 Mite Sllipmenis, inu lion iirnjeu iu tuctiv
tho decline ',",;
I December opened at TUU to TOSc, vunh
lagalr.V 70'ac at the close yesterday. Mov
.January epened at 97A to 70c, against 'J"'
I 70o nt the end yesterday The arrivals Cus
I hero today were 429 cars. Ou .
Private cables said that cutting oft
wheat will begin In Argentina within a
' December opened at Jl.ISi, to $1.15.
against $1.18' at the end yesterday.
I and later sold ""at $1.185,. January
1 started at $119j to $1.19s. against
1 $1.193, at the end jesterday and moved
to $1.201,. Thb urrivals here today
' .no ........
wero o- win
Mai Mot 1st lit. i'-vf
Max: Mot 2d !" ''
Mexican Petrol
0.'
122
10".
0S
2S!j
01
122
405.
(.'
2S!
.103!i !!' 10.5
541J
&'
H5
20' 1
120!,
at
84 J i
22 J j
40
72
01
122
IU',
0b'
2V,
lbO'i
Pld
Aetna Explosives ... fl
Ainer-Urltih Mfg .. .1.
Am Marconi . '. . . Ii
Amer Writing Paper. :t
Air UediKtlon tot
Canadian t,'ar Co .... 2M
Csn Cur AV Kdy pref. Jo
Chuicoal Iron
Cheviolet Motors ... I llll
Cramp in
Curtl'S Aeroplnne ... Ill
Ciirwen Toot
Carbon Steel toil
llmerson Phonograph. 3 ',4
Hendce Mfp Stl
Lake Trp Itoat 3H
Lehigh Coal fcalcs.... us
Limn Loco Ill
Maxim Munitions ...
X V Shlphulldlng
Xor Amer Pap Pulp..
tills Llevator
Peerless Motor
Poole Kng
Scrlpps ltooth ,
Standard Motors ....
Steel Alloys
Submarine
St Joseph Lead . . .
Todd Shipbuilding .
Triangle Kllm
Cnlted Profit Sharing
l S Steamship . . .
I'nlted Motors . . .
World Pllm
Wright-Martin Air Hi
Yea rloaP
Auk (sale)
31
3'i
lit
15
40
SO
S
fl',4
PJ
11
41
3.1 a4
B-
n
4 si
4
A.
SV
SO
s
mo
si
3 1
K
llll
.111
11.1
411
4S
'.
3ft
11
till
30
II
'U
1.1
ift
in
'.4
'4
r
ni
'.4
'5
1 1 si
II.ITs
4"i
Zinc Concent I
MTAMIAIill llll, hTOCKS
Illinois pis lift lift
Ohio 334 33H a.KI
Prairie Pipe s... .300 20ft 20J
Stand Oil of Calif. 34 1 2 IB
SUnd Oil of X J. .111.1 (l!ii all
Stand Oil of X V... 30t 20H 2D7
imi:pi:nih:nt oil stocks
Harnett Oil & Gas . '.i A ,"
cosuen Oil
Hlk Uasln . .
Federal Oil .
Inter Petrol ,
'fusion OH .
Merrltt Oil .
I"
II
7ft
1'.4
31
U'i
8ft
it
tt
"KV,
24
Midwest llefinliig Lift 1.18
Mit PctroL R li ..
Ohio Kuel . ... .is 17 .,
Oklahoma Uef . . n" wji . '
Kapulpa. ltef 1V4 IN 51
Sequoyah Vj N as
Sinclair .. . ,. 22'., aft
MI.VIMi STOCKS
Atlanta :i 4 4
lllg Ledge l'i Hi I
Uutte Xcw York '4 "
Con Arlis . . .. 1' 3 2
C V S & Jerome ... '4 '.4
First National ... 2 2',i ..
Ooldfleld Merger .1 3
Coldfleld Cons ... Ill 21
Ooldfleld Florence . . K s.',4" ..
Ooldtlcld Kevvunas . 3 3
Cjjcen Monster . ft ',4
llecla Mining ft' R-t
Howe Sound .4", 4',i
Independence Lead .2 4
Jerome Verde ',4 9i
Jim Butler 17 10
Jumbo intension . . 0 II 0',4
McKlnley-nariagh . 4ft ftn 4
Magma Copper 3.1 31 .1ft
Mother Lode . . I 42 41
Mines Co or Aniellca. l'i I (4 . .
Nevada Hills .1
Nevada Wonder '4 To
Nlplsslng Hi j ! ..
Ohio Copper '! tn '
P.ay Hercules Sl 4 X
San Toy ! 0
Stewart 13
Tonopah Uxtenslon .. ! 11 l?i
Culled Verde 3K 40
West Hnd Con Hi 1A. l'i
White Caps 17 III 10
Yeilngtou .... 2- 4
I Philadelphia Stocks
Net
tilth Low 3 D.m, elite.
A Am (las. id in in ,
ft Am II pf 13 12 13 4
100 Paid Loc US" AS4 Sii -fl'4
II 11 & S t C 03 A3 AX t
Ift do pref. 1)4 4 ft! Al 1
loo Klcc Stor AA AA AA i ' '4
2nn llrle . 21 20"), joi li,
120 Oen Asph .111 ',4 .VMi 3AV4 '.4
ftn do pref, 74 131i 14 ',
ino Key T Co II 1,1 II
2A do pref. Ao An An
2I.k Sup C llli 11H Hi, .
I Leh Nav. 7A 7A 1A 14
in Leh Val.. (14 B3i nsf,
241 Pennn ItR 40T4 4DV4 4UV4 'n
Mil I'hlla Kleu 37'zi 31' 3I',fc 'fc
7n Heading., 0H MVt HOH 14
4Sn Ton Ilel.. 3 A ay, 3A ' A
148 Ton Mln. !(, 8Vi 3 A
sn Un Tract 41 41 41 '.4
A4 I? O I... 7B4 7A in I
UIOS US Steel HOli 08 8?i, i
HOMm Net
lllgh f.ow 2 p.m. chse.
mono Am n &
Kleo Cs. 84 83 84 2
2000 Irfh Val
Gs W I..t03)', IOJi 1031! "5
ino Lib Bonds
2d 4s.. 01.80 07.80 07. SO .62
1000 do 4th
4'iH, 08 08 08
8000 Plllln Co
eon BsBtP 84j 83'H 84i 2 ',4
Bono Phlla Kleo
1st 69. . DP. 4 044 01 '.4 ..
19000 t'n Ilwy
lnv 6s. A7H A714 nf.
THILA. INACTIVE STOCKS
Following are quotations for Inactive
Stocks listed In tho Philadelphia Stock
Exchange and In which there were no
tiansnctiona today. The price given Is
the last previous close;
Acme Tea Co. 79 North Cent.. ,71
Alllnnce Ins. It North Penna. 94
A C War.... 7tt P N 11 vvrts..276
,m Milling... IOI4 Penn N II Cp 68
Am Itwy nrf 68
Am Strs pf.. 90
Urlll J (I .... 23
i-aniti Steel.. .125
Cambria Stl. 38 ',4
Catavv tst pf. 02
Cataw 2d pf. D4
Con Trnc X J 66 ',4
Fourth S X H.280
lit & U T... 10
lit & H T pf. 17
Little Schuyl. 48
Lit Uros..., 24?;
Mlnehlll 49
Phlla Co pf.. 30
Phlla Co cum
pf 37U
Phlla It Trun 27
Phlla Trao .. 70
Phlla & West 6
Hwys General 2
V Cos X J.184Vj
War I & S.. 8i
W Jer & Sea 44
Westmld Coal 73
York Railway 7H
York Ilwjs pf 31
PPIILADELPHIA STOCK MARKET
IS FAIRLY STEADY, BUT SLOW
Tonopah Bclmoni Active Local Leader and Scores Good
Advance Baldwin Turns Upward,' but Steel
. Common and Rails Arc Lower
The local stock market opened fairly steady today titter Its Improvement
yesterday on peace but business was not large dtirAig the forenoon, although
trading was bioad. Aftr tho opening pome ptlces cased off slightly, follow
lug the caily trend on the big board, but there were no serious breaks and
It indicated an elTort to readJustmenUfor new conditions cteated by the end
of hostilities. 1
Tonopah-Helmoiit wns, the leader from point of activity for hme Issues',
and tt continued to show strength, advancing nearly 14 before tho end qf
the first hour, while Tonopah Mining held steady and unchanged. LakeTSu
perlor, yesterday's leader, was slow and unchanged, while General Asphalt
common, on small trading, yielded 4 nnd the preferred gained i. Union
Traction ,wus off U and United Gas Improvement and Electric Storage
Uattery declined. Philadelphia Klectrlc remained nroimd last, night's closing
quotation and showed no effect of the announcement that Federal aid was po
longer likely for new power construction, due to the assurance of peace!
Keystone Telephone common, which made h sensational advance in the
previous session, remained unchanged dining ihe forenoon ns did the pre
ferred, although the report for October, which came out today, showed a
falling off In business, ns compared with September.
Steel common was fairly active nnd declined to 9?, but Baldwin con
tlnued to show uticngtll, advancing 1H points on a small turnover.
Pennsylvania Railroad yielded a trifle. Heading dropped 1, nnd Buffalo
nnd Susquehanna trust certificates and preferred shares suffered sharp de
cllrfes. ' ' 1
In the bond division Amerlcun Gns 5s were nctlve leaders and made a
gopd advance, and Philadelphia Company consolidated Ss also reached a
higher level.
...
f
The tomblned statement of Keystone Telephone Companies for October
showed gross earnings of $128,668 as compared with- $131,335 in September
nnd with $133,488 in October, 1917. Net earnings lit October were S49.73L
against $51,703 In September and $59,724 in the same month last year. For
ten months the gross was $1,327,561, compared with $1,309,040 during tli
corresponding period of 1917 and the net wns $544,758 against $617,801.
A'eiD York Bonds
ltethleheiii 6s .
Coden oil Cs
Cosden & Co Cs .
Cudahy En . .
Itusslnn Covt C'js
Itusslan Covt fi'iS
Southern Hallway
Sinclair till lis
IIOMIS
09 't
, 83
. 83
. moa,
. 71)
. 71
. 118 i
83
Todd Shipbuilding Cs.lol
V4
8 A
Kil
llll
72
in
)I8',
XA
101
A!)
7A
GOSSIP OF THE STREET
Hone Open n ni in Ti.m.
-7 no un .'.0 l'ii mi ....
l"i 7ft LT, ftO I'd i'K "ll.l'll
Ss.31 2.", nil . ... .'(! no uv 70
27.UII M .-,(1 2.1.(1.'. 25 80 25 47
27 CO 2ft 10 ;5 29
2B.2II IM.BII
27 :.n
25 411 '.'.'.'.
iv pitynble ovemlier lfttli. 1018.
i;n?Ka win do inailru
Capital ll.'nruM
Surplua . . . Wft.oon
Undivided Profit :i.,,ooo
And have on deiMult nvr 4 .,(io,()no
A,lX.MJt..n, Li Itultl.YMlN,
Treasurer
', V '
I an exceptionally line condition,
The receipts of wheat here today were
j 373 cars.
I.eadlncr futures raruM a, foilovvu:
i orn (new uenverv
T
I.KOVL NOTI('l
isstati:
dereaned-
OP 1MI.I.IAM .Vlrl.LAN,
l.etlera teatamentary
'tim?
'itho atov eatate IihvIiik hern uranleil to tho
'X vtweraiEned. all persons indebied tu tho said
oaiow are retiueaiea hi nidko IMjmetu. and
thiishavlna' claims to ureacnt thn .shin
f i,v;ltKuut delay, to
" r J i.Kvinti.s'o ju.vi:s
; I'lIAIll.lllTH K ilel.KAS
'7 1 -, ii,ii,vai .viati.h.A.N Jr
HAHAII .ICIVKN M.., I.V IV
i ' 'j.'Eietiltors 277 S Fourth at.. Phlla
tS
tzr
i v Yesl.
1 Op-n HUll Low T2:.in elnaa
I Xov M 2.1 .... 1.22'. 1.21.
I Fie.- . I InVii I. HI'. 1.I7S 1 lh" 1.1SV,
Jan . MOW 1.2H'. 1.10'a 1 i'n'a l.lU'a
Xo'v"1""". ?2', 72', 7Ji, 72'j 72',
Hen 7ll'-5 7ll'i 7" 70 70',
Jau ,li'. -7H1 AU'j 7u 70
Lard
Xov . . . -'! 7(1 2A Uu 2d 111 2d 77 2(1. Hft
Jan 20..1O 211 7o 2H.SII t.'H 55 till 37
Xo'vlb.'T.2l on 21 SI 24 00 24 25 23.H1
Ian . 23 HI 21.115 23.d2 2IS5 23.'W
1 Novr .3i ml . . . S'l.nn 3S 811
I Jan 43 tin 13 70 43 00 M3.70 I3 00
1 nid t.Vaked
'A-
r
Financial Briefs
LlNKsTOCK QUOTATIONS
Cotton Iltiveri ami Sellers
New York, Nov 1 3 , December W.
liumoens. Heed. Cordoza, McFadden,
Johnson. ilIfTonl. Dixon and Kelfrer bid;
Cohen. P. Ilartrorn. Sellar. Hartlett.
'Schle. Allen and Itusell offered
I Januarj Hosenherg. rtocc, Schlll,
I llartlett. W. (Jumoens. .Inv. Krwln.
Mitchell. Newman. Cone. F Hartcorn.
Wilson and Schley hid : Hopkins. Bur
nett. Itussell.aOulld, Figgatt and Dixon
offered )
March Steinunelirr, Bartlett. Krwln.
Jones, jolniEoii. McFadden and W. c.
1 licks bid; Hinsteln. Cohen. Cooper. W.
(lumoeiis and Jay offered
Mai cellar, llman, W. C Hicks and
Allen bid: W. tiumoens, Brooks. Hart
lett. StelnliaunT nnd Martin ottered
Jul K. Ilartrorn. Moore and Co.
and Allen hid; Baitlett and Vellar of
feied liver) hod had orders one way or tlie
other and the forecoini? la nnlv n 1,11.1
I list of the operations on the call
42!,
15
ii.i
.".0
lil
00',
JUJ.
S3
10!
12'
15
t,'j
J1!!.
01
00'
20' i
'o2'.
40!j
t hltaio. Nov. 13. HOCJS Ustlinated r-
I .. .... ... OlM. l.n.l. .1, ....u II l,T'.
, ceipio I'luay iu ,.,,, iin.,, ,t. u,r, ....'(u
The New VorK Sllbtlensurv loi.t 1 head. Market opening alow. Lut first sties
3jl,lil.Q0O to the hanks yesterda). inak- "" "'"ft ,' ''r,on'r u"" "8 IU vM
. lntf-lha cash net loss ln,- LVlrtr.,, ,.r 'Ju!'ly talrl) BOwt.
, ,-::. ,r ... w. . i-.villjl', r.aiimairu rctrinia luuaj. oww
-2ti6,O00.
todal. 10 000
utar ,
mura.
'.
".laj:....
f fnii34jTMj' . , ,
Mlzttah Kit
' ; Xor,, HUT
v Kmh4 Kula
Wc End
i7
ik, (
(JVIll
LOCAL MINING STOCKS
TONOPAH STOCKS
ni.t
tu
n
ni
11
it
.(HI
l'i
OOIJ)KIi;i.D SfOCKH
Ak
51
.if-,
1.1
.0(1
Id
.1(1
1(1
!.
I V.jri.
1 P1IEKP Estimated receipts
1 h-ad. M-
ltUlinn.il. Nov 13 HOGS Receipts,
75(10 head. Hiow lleavlea and heavy vorkers.
' 117 SO: llaht ynrkers nnd plas 115.5(115 75.
I SHEEP ANT) LAMBS Ilnelpls. Klillll
I head Slow Top sheep, 110. top lamb 111.
CAIA'JIH Iterelpta 100 hejd Heady.
.Top. 1H 5U
lis UU . .
IlluAlull . ,
CdwU-I-raa ,
QHamt-JI II
Jjh1i- .....
ixo-'-iK,.,,
tMJtaVlKan- .
fct KttwPKjk
.-(.TV-
MISCEI.LAXKOPS
.' tfnlted ,. .... .21
wonder . ... ,
lllnln
nt
.i'i
01
.113
.01
.01
.03
'!.
1"
ItHt lluttnlo N. 1 Nov. 13. CATTI.n
Iteeelpla 211011 head. Sleudv to strong; falvea
reteipta, 150 head Tvventy-nvo centa liiuhir.
171 in
llDOS Iteccipts 17.1100 hed Steady
Heavy mixed and orkera. 117. SO. Unlit
n.l 1 iorl.ers and plua S1i1aiiiI2.i roushs, 12lf
in.su: stags iinwia.iu
"' I SltEKP AND I.AMI1S Iteeelpla I'.OOO
"2 1 hoad. Lambs, 25c hiaher. others ateadv to
."2li'5e lower I.ambs. Is .10915. few 115 15.
.05 , rarllnsa. I7W12, wether". JlortlO.-.O evtis.
02 4tfll.50. mixed hf.p. ll.50ifltl.
Cincinnati. Nov 13. HOGS Receipts,
370(1 head Stcadv
CATTLE llerellils, 000 had Dull.
Htei-rs M..-1H1 13 .'.o heifers U41l.tuw.
IJtilO Calvea. atead.
SHEEP neeelpti, 700 head Slow. Lambs,
weak. J8 Ml tilt
05
rr. DIVIDENDS DECLARED K t,.
1 -i-Iine-rlal Oil Comcanv. m a dV,,n , celots. 12.000 h
' 1 aai , snaro. payauie ovemoer 30 to ato.k
01 rrcwq .N'orember 23,
Ptetafcuririt, liesaeraer and Lake Erie nall-
.ea-vmnnuai 01 d per cent on prererreit.
Bk Btctmber 2 to .stock ot record fvo-
n-aiur iterractones Companj,
. ?a pvr cm un rommon paa
t 2 ti stock o( record Nov em
Xov
ead
HOOS llnelpts 13.000 head
SHEEP IteLelpts.. 4000 head,
3. CArn.u n-
-MONEY-LENDING RATES
MiW VDIIK- Money on call, mixed
tollateral opened today at 0 per cent for
lending nnd renewing On Industrials,
the opening rate was 6'a per cent.
Pllll.ADLl.PlllA Call, 0 per cent;
time. B3! (tt C per cent. Commercial paper,
three to six months, 5f6'per cent: six
months, 6 percent.
Reserve llnnkY DiH-ounl Rales
Official discount rates at the twelve
Fedtral Itescrve banks were as follows t
iTIk first column gives the rates for
all periods up to and Including the fit
teen-day maturity, tho second for a pe
riod of sixteen to ninety days. The third
and fourth columns are the rates rcr
ledistounts of collateral loans secured
by iov'ernment bonds or notes.)
Com'l paper Gov. paper
111 to 110 tn 10 nn
15 da)a tis 15 days days
Mlntnl Conuer.. . Jo
Mlih alo Steel ... 42h
Minn & Ht L new. li
Mo Kansas & Tot. Xi
Mlssoutl Pacltlc. ;i0
Mltsourl Pao pf.. til.'i
.Montana Power.. Si
National Acme . . . 80?
Nat Cond & Cable. 15!4
Nat Hnam-.t Stp. 4t'i
National Lead .. . 01J,
Nev Consol Cop.. 20i
N V Air Brake.. Ib7
N Y Central .... Sl'
X Y X II & II... l').'i
N Y Out ei W . . . . 22? . .
Norf .t Western.. 110,'a 110
v,.i.ern Pacific. 101U KKj;
Ohio Cities Gas.. 'tW lb'
Ontario Mining . i'i
Owens Bot Macli. 02
Pan-Amer P & T. OC
Pan-Am P & T pf.HS
Penna llallroad . . 4!l!
People's Gas Chic ol
Pero Marauette.. 17!
Pete Mara pr pf. M
Philadelphia Co.. ."IJj
Pitts & West Va. 3S.
Pitts &. V." Va pf. SO.lj
tilnfiKi.Ari'nw ... 18J
Pleice-Anovv yf..lU2.'i 10 102'. 102?
Plcrco Oil 17.', 177. 17H 17'.
I'lttshtirEli Coal. . d'J
Pressed Sttel Car.07!
Pullman Co l.'!2'
Ity Steel Spring.. )
Hay Consol Cop. 2I!j
Beading bO'
Heiiub Ir & Steel. 7S
Btpiib lv & S pf. 'J1J?
lloyal dui tr rcio.n.i
FINANCIAL MEN
LOOK TO FUTURE
12' 1
13
0' j
20S 1 llcsitimcv Shown When Opinions
01 ! Arc Ackcd An to Results
' I of Peace
' I
I Theie was a good deal of hesitancy on
,.... . .. ItiTh Low 2 o tn
120000 Ang-French Ss 90',; :i6 9CJ
ISOOO.Vm Fgn Sec 6s 99 5i !i9i 99?a
2000 Am Tel 6s.... 97 97 97
21000 do Cs 104 103'j 10.1H
3000 Bait & Ohio Bs 91 91 91
1000 Cen Leather Ss 9G'i nfii. or.i'.
:uounile Cop 7s..lI6, 1164
1000 Ches &. O CV Ss 39", 89
12000C B & Q 4s. .. 9C 96,
2000CM&SI' r 4'as 79'a 79'.
34000 C of Paris Us. 99'i 99 "
8000 Del & II cv Cs. 979, !ia:
20000 Horn of Can '31 98', 98'i
2000 Brie cv 4s s A. 68 58
1000 do er D.. . 60S, 60'.
lOOOOGen Blec 3'us. 73'; 73'i
2000 do deb CS...100V4 lOO'i
3000 Hud & Mln Ss 2.0'i 20'i
13000Jnterb Mt 4'js 58'2 38
2000 Intb It T ref as 83 83
1000 Leh Yul ret 6s,102i 1U24
2.17000 Libert) II 34 00.90 00.00
noun no ronv 4a. 110.20 0A.20
4000 do 1st 4s. . . 117 t)7
lfllOOO do 4'is . .07.96 117.90
.14000 do 1st 4'i. . 08.H0 08.80
140000 do 2d 4'ii.. 97.04 07.00
2onnno d 4tu 4,ia. . ns us
1000 Mldvalc 5s . . . 92 92
13000 Mo Pac lien 4 C6a 6h'.'.
2000 N Y Air Br 6s 99 99 "
1000 X Y C & H 68.102'3 102'.
11000 X Y City 4 'is
May 1957 . ..103", 103',
6000 Penna g ct 4'3s 93, 95'i
2000 Pierce Oil '24. 894 89',
bOOO Sinclair Oil 7s.. iiB'i 95 L
3000 StL&SF ajt 6s. ,76 76
lOOOSou Pac cv 5s,105 103
4000 do cv 4s SB'.. 8B,
BOOO South Ilwy g 4s 72 4 72 '
-uuu iinru ,vv uuj us aa'ii :is
1000 C S Steel s f 5s 99 99 '4
30nornlon Pac 4s.. 90'i aoC
5000 Un K Gt B & I -
, . 5'-s "19. . . , 987, ;igvi
104000
000 do 5,8,n '19.103a4 103K.
000 West Md' 4s... 71 71 "
lies,
89,
96
79 U
99 U
96 4
98,
58
GO",
73'i
100 V,
20 ;
58
1 83
10211
ou.on
00.20
1)7
o7.on
08.80
97.82
08
92
60 5,
99
102'. j
103'j.
93 Vi
89'
95 U
76
105
80 I j
72 'i
38
99 'J
90',
98 '4
103
71
ill
02
07 V
117
10'.
00.',
17,
:i4
ii'J'i
si
4s'i
110
lUO'i
10
7'.
02
1)7
117
It",
3-J
17',
b2!.
10!j
110
llKl'i
40
7)j
02
Ii7
117
4'J',
33
17!,
Itoston ..
New York
l'lilladolnhla
Cleveland .
Itlciimnnd
Atlanta ..
Chicaeo . .
St. l.ouis .
Mlnneapolia .
San Prancisco
Kansas City
Dallas . . .
I
I
4
I'.
4t
''
4'i
Pf
4".
r
44
4"!
4
4
4
4
t'1
4
4
4". W.I 4
5 4'J '
5 4 'I
4. ff.1
4
ill
4'i
is
24 '
DO1.
77'-
113
Id
IP
10
(iivjpp Arms .... til
Saxon Motor U
St Louis San 1'r. 13Ji
St Louis San F pf. SlJi
St Louis S W pf. JO
Seaboard Air L. 11
Seab Air L pf 2:i'
Shattuck-Arlzona. 10 i
Sinclair Oil Itefin. 37
Southern Pacific. 103'j 103JJ 103
Southern Hallway. 32 .TJ'i 32
South Ilwy PiVf . . 1 1
Studebakcr Co.... 0M
Stutz Motor 43?
Superior Steel . . S3
Tenn Cop &. Chem. Hi'
Texas & Pacific. "Hi
Texas Co 111.
Il'
VlUi '
30! i
73
00',
13'.'
30! i
10',
101
.Sii4 i "'e part of flnancierti In this city yester-
uay to express opinions on '
mediate futme has in Etor.e for the
financial and other Interests of the coun
try. "It Is all a riddle which the un
folding of each day alone can reveal,"
was the remark of one. There seems to
be a great difference In the outlook of
different men In this connection. Many
are Impressed with the position which
the United States occupies among the
nations of the world at the end of the
war. Such men look to the future very
terlouslv and ns ono of them, a well
known banker, put It: "The United
States has a great reputation to live up
to In shaping the destinies of so many
new nations that have recently arrived
at the belief that our form of Govern
ment is the correct one for a -free
people "
Tho stoek market started olt very
Mrong yesterday morning, but later In
the day cased of! consiueraDiy.
Conservative brokers are advising ex
treme caution In bujlng, nnd tome are
ndj-lslng buying only on reactions.
lf, Mul Lxpeet Unsettled Market,
01 The head of a well-known brokerage
14' and banklnir house was asked If he had
10 not expected a much stronger market
with few If nnv declines and answered
that hn had not. as the signing of the
111. U'i nrmistlee and the resultant peace had
already been discounted. This banker
said It Is Imposslblo for an one to give
31
3S?
mi;.
Ib
31
3'J
bl
18.''
tVi. 03! j Go.
Slock Dividend by General Electric
New Vork, Nov. 13. The General Illec
tric Company declared a dividend of 2"
per cent In stcck at par, together with
the usual quarterly cash dlvldeid of $2
a share, both payable January 15 to
holders of record Irecember 7. Holders
of fractional shares will be paid the cash
value of such dividend based on the
market price of the stock on December
7, except as to those who request serin
certificates for fractions.
No Change in Refined Sugars
New York, Xov 13. The market for
refined sugars Is quiet and unchanged
with local refiners quoting on tho basis
of 9c, less 2 per cent for cash, for fine
granulated. Bavvs also are unchanged
nt 6.055c for 96 centrifugals. The In
ternational Committee yesterday pur
chased 30,000 bags Cubas nt 4.983c
cost and freight, and 3000 tons Porto'
Illcos at 6.005c c. I. f both lots calling
for shipment this month.
ntiiniiaiiH
1 After Six Years' Experience
I Rated Then $ 20,000. to $ 35,000. Fair Credit"
1 Rated Now 5150,000. to $200,000. Highest Credit
1 f iwiinniiiMiiiiiiiiM
m
H Copy of a letter to, ns from a Customer
I "October 18, 1918.
g Gentlemen :-
s
( As to the question of whether it is pood
g business to sell Open Accounts, we think
our case furnishes a njost excellent answer.
We have been selling: you Accounts since
July, 1912 over six years.l We have had no
friction with our trade, as you periyittcd tis
to collect the Accounts vvc have made the
discounts on our purchase bills with your
money, and improved our credit by doing so. ,
When we began with you, July 25th, 1912,
we had a Capital and a Surplus of $31,445.58
and were then rated $20,000. to $35,000.
FAIR CREDIT. Our statement this year
shows Capital and Surplus $159,095.53 and
vc arc rated $150,000 to $200,000. HIGH
EST CREDIT.
Our volume is now so large that our per
centage of overhead expense has been ma1
tcridlly reduced, and vvc made a net profit '
last year of $65,315.84. Eadt previous, year,
however, has shown n good profit.
Wc have a line of $30,000. with one of our
Hanks, and 'have not changed our business
practices because of our dealings with you."
Notct-Upon request we will furnish Notary's
Aflidavit as to the above letter.
ffliiiiuiniraiiin
Commercial Credit Company
Caslt Capital $2,250,000 Surplus $450,000
BALTIMORE
flepresentrd at
PHILADELPHIA, 512 Stock Kxchanxa Bids.
(Phone Locust 018)
NEW TOP.K IIOSTO.V CINCINNATI
Affiliated with
Commercial Acceptance Trust
Cash Capital 1. 000.000
20S S. I .a Sallu St.. Chicago
1IOT11 tiikii:
CAPITAL ASD
CJIEDIT HAT
ISOS 11 A V K
ifA TIJIUAl.LY
IXCUtiASEl)
A XI) , TH K V
11 A r'll JLllfc
.1 O .Y 77 Y
fiVEKY YllAi:
WHILI! DEAL
isa WITH US.
JMinillHUIillilllUBIIIIIIIIBWOIHII'll
iMIMMIIIlMMIMa
U . ' " ', " .1
24U
Ml.'i
21'
S'JW
113
01
IP.
10
io'; ir,',
30! j SOli any market forecast at the present time
7.11
OS
I5'i
33! i
10'
70
:v.
hoolh llmalia, Nov 13 llfHJS Itetelpts.
Sno head
CATTI.K lieielpta 1(1 S0O had
SHEEP Iteeelpla. 10OO0 head Cars, 013
pil of Nebraska
JMt. Mabi December o lo atucli i
i infcuiurr ,
t.
Vill)-Ovrrlantl liuva Moline Plow
lloalon. Nov. 13 With the formal
approval of the capital Issues committee,
Willys-Overland has completed the pur
chase of the control of Moline Plow
Company common stock, inaklna- tier-
fad lo In report, of th fresh meat inent 111 securities which were in the
miiaaeinnu is furnished liy the i romuanr'a treastirv. nnd vvhi.-h nml.r
and meat office ! the Bureau ,h. . -.,,...,, ...in ,. ,.i., ,.. .n.
. Department of ; j&Mtn until peace li f omafiV dS
KKKSir heeint. ,ni.,.i. .. , ciareu.
Loral Meat Market
r stock
United
rail average uuallty poor market
at common 'and medium grades.
souil baef demand limited
Receipts falrly Illvral , market
is to 2U, demand aloiv
-Heeolola llbml mirku ,.m, n
Nil).'"! Il to 117 good s'totk
ii a in I2i neinand al.nv
eipta mod' rale market alrvng
.. dainann fair
tola inrilerslo- market Orm it
'foita. demand anlv fair
'Va ..tdidrrate. aatr", -
t II I. wer" p 2J tvf r2l llet
tSttato. ""
GOVERNMENT HONDS
llld Asked
2a-. registered 1930 ns.
s ciniinn. 11130 ,'uh ,,
.V registered 101s mi,
3 .ounou 1'JIS , (iu4
t- registered H25 11, ip,
a rourmn, llll'l Unit. loil'i
R, reelalrred III Id 81
s truuii , IM'd S3
".it - " - -a ps ,
-f ss m ..
IORKIGN KXCHANGE
New inrk. No 13. Ituble' currency
Is leported active this morning at 23
bid and 25 ' asked, a new high recoid.
Huslnefs was very moderate In the
foreign exchange market In the early
dealings today I-'iench exchange re
acted 3 centimes, and pesetas and Scan
dinavians rhaded fractionally from the
uguira ui esteruay. tjuotatlons
final
were
Demand
sterling: 4 76 rabies 4 :r.
9-16, Sixty-day hills, nominally, 4.74:
ninety-day bills 4.72
Krano cables 5.40, cheeks B.41.
Lire cables 6.35, checks 6.36.
Swiss cables 5.05. checks 5.07 ,
flullder cables 4H,, checks 41'i.
Pesetas cables 19.76. checks 19.65,
Stockholm cables 27.50. checks 27.50
Chrlsttanla cables 27.10. checks 26.80
Copenhagen cables 26.60, checks 26 30
Third Aenue .. 1D!
Tobacco Products. 77'i
TolStL&Wtr. 0!i...
Union Pacific... 1311, 13Li
Union Paclflo pf.. 70Ji 70'
Unlttd Alloy Steel. 3bJa
Unit Cigar Strs..l02,'i
Unit Hy lnv pf.. IS
U S C Ir P & 1''.. 15
U.S lnd Alcohol.. 1)0
V H llubber "I?
U S Sm ltef u M. Ill
U S Steel O1'!
U S Steel pref.. .,1121
Utah Copper .... bill
Utah Securities... 10
Va-Uaro Chem ... 3b!i
' Wabash I"'
I Wabash pref A... toll
WtKtern Mar) I'd, 15!ii
Western Paclflo. . 21
' Wert Pacific pf.. 03! i
i West Union Tel.. l2Ji
' Westlngh II & M. 43!
j Wlieel & Lk Krie. 12
1 Wheel & Lk C pf. 25
1 White Motors ... 4S
Wlllys-Overlund .. 2b!
I Wlllys-Overl'd pf. SO
Wilson & Co...i". Ii0?
100
78
103
32 .
73!
OS
13?.'
30) i
10't
H(0
7S
133!i 133?;
70? 70?i
38.
I
Oil
72'
48! i
!W
112.
Si
15!.
.7
10!'
40','
i.v;
"o.l)a
irj'i
14),
11,'.
"48
2b!j
801
dJ
07'4
711
4S'i
!,
U2
85li
13! 4
37-.
ioj;
.'i'i?'
13
'tVDj
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41',
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bOl
08
and that any man's guess Is as good as
another.
"We must exnect an unsettled market
for some time till there Is readjustment
ot values In the public mind," was the
remark of another broker. "In the
meantime," he continued, "I consider all
the old standard stocks, which wero
standard before the war, and railroad,
stocks as a good buy. But," he said,
"most o"f the Industrials are likely In,
the near future to pW through a process
of readjustment vvhllh will determine
their values." 1
38 i in this connection a readjustment of.
the great steel Industries Is to be under-1
taken at a meeting of the steel com-1
nilttee of the Count-!! of National De-
07? fense In Washington today. Not only
71 1, have all the members of the commlttsm
48! i been summoned, but the heads of the
OS? great steel plants have been requested
112? ! to attend.
83' it a believed the object of the con-
13.' ference will be to divert the output of
o7,i the great plants from war to peace pur
lOJilposes. The first to benefit by this dls
11'l tributlon. It Is said, will be producers'
16 I of agricultural implements and automo-j
... 'biles. Including farm tractors. The con-1
03! j ference "may last several days and will
,!2i;' undoubtedly have Its effect on prices of
111 steel stocks.
ll. .
I
47.' i
28),
W1U
08
1WNK CLEARINGS
Itank clearings today coniiiNred with t-or
-espim'llng dar last two years
191S lull vttft
osioit $.71. 113 J.. -.11 7 lXJ:i -tt . AUAVSIT
Phlla (5.N7.tii IKI.um 1.; 53.MSS ill
Hi dlvident Pressed Steel Car, 2. Amerl
jiau fineltera pr 1.
.
1 Apoplexy Killed German Socialist Head
I lla.el. Mvvltierlond, Nov. 13 The
I death ot Victor Adier, the Foreign Sec
retary ot uerman vitrm unci tne au
Ulan. Socialist Iwiii-r., MUterduy in VI-.
miiiaVmi, due to y)Ucy,
LONDON STOCK MARKET
Reactionary j Tendency In Gill-Edged
Securities Continues)
London. Nov. 13. The reactionary
tendency In gllt'edged securities con
tinued on the Stock Exchange today. It
was due to realizing, competition of war
bonds and a deshe to have funds for
reconstruction.
Oil, rubber and Mexican shares were
tile moat active issues at rinng pu:
Mount- was in fair, dwuaHd MM i
cuVM ratta, wtm HU hf
The
First . National Bank
of Boston
Condensed Statement of conditions as of
November 1, 1918
It .
-r-yf.
ll ,
'A
RESOURCES
Time Loan
Demand Loan
United States Bonds to secure circulation
United States and other bonds to secure govern
ment deposits '
United States and other bonds and securities . . .
Customers Liability Account of Acceptance. . .
Banking House
Cash and Due from Banks
LIABILITIES
Capital Stock
Surplus and Undivided Profits ,,
National Bank Notes Outstanding
United States Bond Account ......(.. .
Acceptances Executed
Acceptances and Foreign Bills Sold . . .
$141,064,930 47
20,132,358 36
500,000 00
25,097,588 85
. '16,354,319 96
19,383,619 66
1,500,000 00
58,776,943 45
$282,809,760.75 '
$7,500,000 00
20,053,074 70
500,000 00
20,500,000 00
21,568,131 40
8,447,598 86
204,240,955 79
$282,809,760.75
4,
h-trU if
Branch at Buenos Aires, Argentina
' $m
& -rtiMkhtl&&
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