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EVENING PUBLIC LEDGER PHILADELPHIA; THTJESDAY, DECEMBER . 26, 1918
V
JVEWS Oi? THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
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NUMEROUS ISSUES TOUCH LOW
LEVEL ON NEW YORK EXCHANGE :
New York Stoclta
United States
and Allied
Government
Bonds
We recommend for Invest
ment anil aro prepared to
buy or sell: . ,
United Stiitei Liberty nnd
all Issues
Alnerlrnn Foreign Securities
8 Yr. Bs ti;
Anglo-French IS Tr. 8'!2"
Argentine OnTt. 3.... 1043
City of Bordeaux S Tr.
6 110
City of T.yonn 3 Vr. fli..l9t9
Cltv of Marseilles 8 Tr.
e , tnt
City of Paris r Yr. fl..102l
Dominion of Cnnndc ffnr
Lnnas. nil Issues
French Kepiilillr la. . ..tS-1
lmnerlnl .tnpiinese llort.
4. lt nnd 2d Serif".
United Klnr.. Orest Ilrltnln
Irrl.in.l r,V6s .11)11 ist
Frazier &
Investment Banhert
Droad & Sansom Sts., Phila.
tU V.. Ileilnnml t.. IS win
Aiinma li' m
Adv Hunirly ." .' .' 23
Hlnh
Ji
-.
J'urther Unsettlciiieiit of Values in Many Groups. Aii.v(Vhu.merr!i. In
' AT.r. . T l ' i - r i - c i I Aax ,l"bb,'i- rlB 1 ft
muvuiuuius u ruguiar and i.oimiscu copper chocks i;; ,; nunr ?
Make Substantial Rallies Steel Common Off
High Points in Todays Financial News
Further unsetltemcnl of mines occurs on the Xcir York Stock l.'x
choline, nlth man) Unites touchlnu ucic low levels. On the loeal exchanie
there uas fair iictlvlt), but some stocks ore sold nt conecssloiis. Declin
ing prices rule on the Curb. Trade bttutnv sends cotton prices hliiher.
lletter support In the corn market linpwvcs values, l'orettin exchantte
uas not appreciably cliauijeil from Tuesday. liar silver is tinchnnited.
'J
:c
C
The Preterit Market
for Investments
It is impossible for unv
one to prophesy with
safety future prices of
sccuritics.ov when bonds,
notes and stocks will
show any decided appre
ciation. It is clear, how
ever, that the present
price? cannot continue
indefinitely, and those
who desire an unusually
good income from securi
ties over a long period of
years will make no mis
take by actinc now.
Write for our Securities,
List No. E-H, which
contains a number of
choice investments.
B
Chandler 4 Company
IHte.Ht.TI,
Franklin Bank Building
Philadelphia
New York Boston
: New Vork, Dec. 2C.
j With the resumption (if business on the Mock exchiiiiRo lifter the
i t'lirlstmus holiday there uii.s further nii.settlenient of values hi many
Blimps of Htuckp, with Vi'iSlE-"".1!8 Issues celling down to new low record
, for this Kivtrsie t. heon use of declines ranging from t to 3 points.
. In the afternoon, the market movements became Irregular and con
fused, the copper .slock, being directly Influenced by the action of ihe
, Inspiration directors In declaring the regular dividend for the current
; Muaiter, making the stock give a larger dividend return than Anaconda.
i After tills action was announced Inspiration ndvnnced from Its low
': price of -II ft to -Tift, and other copper stocks, which had been under pros-
, sure, had .substantial rallies.
I'lilted States Steel common ylekkd 2ft points to 92ft, with a rally
tn iloe 93 in the lute trading.
Marine preferred sold from, 1 1 2a to 111 Central Leather uai pressed
in the market, following .statements that the leading market interest
It.ul liquidated its holdings and that Hock dropped more than 1 point to 35.
j COVERING AND BUYING ! PROFIT-TAKING CHECKS ,;;
RALLY CORN PRICES ADVANCE IN COTTON
Am Can 4Gft
mi in fl -J , o.
i Am t'nr & V. . . no ft
Am Cotton oil.. 39 ft
Am Mxprpss . . 84 it
Am II & Leath 13 ft
, do prcf . . . . 7n
Amor Int Corp.. BK
Atlnii Const I... .100
Anicr Ice See. . 41
. do pref Srt
Amer Linseed. . 4fift
, do pref 8(1
Amor Loco . . . 60 -ft
Anicr Mnlt pr 4F
Amcr Smelting. 75
Asso Dry (loads 18,
Am Sum Toll. . H4a4
,Am Steel Kdry 8B
Am Sugar Ill
Am Tel A Tel. . D8 ,.
Am Tobacco. . . I'M .iji
Anaconda Gfl
, Atchison 90
I do pref. 88I--4
1 Ml C.ulf & V? I. loss,
Hald Locomo. . 73 1:
in.ilto & Ohio.. r,2--i
I do nref KB
i Harrett Co. ... 102
Untopil.'iH Jlln.. 1 1J
I tlrllileliem Stl. CO'i
I do pref. STTi
Ho H (i I
I,mv
45
23tl
C,'i
3d
I
60
45i
97
87'i,
38
8IH
13
fid'i
53
100
40la
r,r.
44 i.i
87i
(10U
45
71 i
18
91"j
83?i
110
97'i
189'i
59!!4
90
88i
103
71! s
B2
fiS's
102
l'i
C0,
87 Ti
C01-,
Net
Cioft clme.
4fli l!l
23 'ii t
07ii 2,,
30 (4 4 U
li H- Ji
C0 2i
4C U
97 i U
89t 2
39 i
84 'j 1
13 "4 ,
Ii94 2H
64
100 0
4 II '4 ''!
50 'j
4C!A -t-l",
89 2,
60 ij i
45 W-l
75 M ..
18, T4
9l-i, i
85 4- '4
110i U
98 ',i
189 'a 5 'i
60 H ,
90 it .
id
i
1'
New York Bonds
97V4
T4
.. . . lull.
nsuuu Angio.i.-r 6s... 97
6000 Am Kor .SVc 5n 99
7000 Am T & T Bs. . 9B
lOOOOAm T cv 4'h. 87
21000 Am T & T Cs.102
1000 Armr Co 4 '4s 87
10000 Atchison Is . . . 83k
5000 11 & o 4s 84
6000 do cv 4!sfl. . 7Psi
10000 ll&O Hvvn 38 86U
I.nvv CMnno
117 07J4
99 991k
944 94 i
87 87
1014 102
87 87
83 '4 83 4
84 84
79 79 i
sr.ii 80 Vi
16000 Ilklyn It T 7s. 87H 87 87
10000 Dordenux 6s..l01i 101 "j 101 8
2000 Cent Louth Bs. 97 97 97
3000 Chile 0s...s.. 84 4 84 '4 84 i
13000 Chile Cop 7S..106H 106H 106',i
88 ,
108';
52 1;
55 !4
102
l'i
60
87 7t,
lil
1
1
1
do 8 p o pf. .10IH 104', 104'i - V
- ii
December Makes ?scv High January Reaches 'ew
Record for Season Liquitla- j Record for Movement
lion Depresses Oats J Reniains Bullisli
High
Talk
( lib iirii,
I'.Aoring and buying for
.'timulaled by tigbtnoss in
Hoc 26.
reaction ,
lliltl.Mi tap Tr 21! ,
iiurns nros . . .10
llutlo C & 55 Co fii
HrunsHlck .... 8 '4
llutte & Sup "p 1!H,4
Calumet & Ariz l!2 34
Cal Petroleum. 2ft' .
Cal Packing Co 473j
Canaillnn I'ao..tSii
Case, J I, pf. . 'it I..
out Leather. . of.!.
do prof 101 K, lilt'.
orro dp lMsco 3 as. aai
i nanuior .viot. .104
Chesa & Ohio. 55 'j
Chic Ot West. . 8ii
do prof 24 ',j
'"hie M & St I 4 0U,
do prof 71V.
Clil . Xorthw't !lfi4
fill It I & ! t c 26
do 6 p c pf. . 05
Cltl&p 7pcpr.. 79i:.
Chile Cop. . . . 18.14
Chlno Con c. 1 33
Col K & I '. 38 1.
Col (las & !L . 38i
Consol titis . . 95
font Can .... B8
Corn Prod 4 8
152
r.
v'i
19',
III '4
20'i
47',
155
91 ''.
54",
103
54'
8
24
38'
71
New Vork. I lee. 20.
I'rufll-taUing 011 a liberal scale
rio,...n,h.r I eliei'lteU tile advance In cotton today and Crucible Steel
1 last nrices uor Irrctil-n. Iniiii'ii.i. fiili., I'.mn mi. innL
1 liii.li made a now high record, caused a! reached 11 new hiRli record for the move- do prof 79 '
good ra!i. ..: ..orr. todav after tho mar-mcnt. pel & Hudson. . 1D5
!ket hid boon heavy ! ()n ,,lf" wlml,' ta,u remalneil bullish. .I'JeVic m-.V'-,8''
l.et 11.U1 lioeil ne.lJ. , recent fli-n rnll., ,- .!, .,o, .'...'.' (' ! fi,
1 The start was steady to a shade Higher article, increasing exports nwd expecta
011 some scattered piitchaslng by eom-,110ns of an Important mowtiiont in the
'mission liotises. but support early was Koods trade after the first of the M'ar.
I ,., m nmr. fn.orable . Voices from tlio South reported new
- II lUltll.VU .........Mn.I..Al.. - ..II ....
.......I., .t mm iiuium' y Mna 1 DHL in.
l-.rie gen In . . . Br,
Krle 17'i
do 1st pref.. 28 U
("ion Cigar Co 4 5 94
(ten Klee Co. ..145 Vi
not cood. o ing to more
weather and removal of miantltv restrlc- tinned active bu.vlnir of the better era, In !en .Motors... .128'
Itlons mi tradinc In coarso grains, which to 1111 old commitments for which space .. do. V?1' ?i3"
. , had been nrovlded. i.oouricn u !' OH
1 will become ottective on January 1
hese rules was regard
had been provided.
nie market was finally barely steady
(Irandby Mining 734
The lifting of these rules was regard- llt a net adanc(. of eeven ,,,- heheV ..roat oru, pr 9u
cd as bearish. The relaxation does not to a decline of tentyJlve points. Creone Call 1 Cop 454
abrogate or modify any of the pro-, i, ", ( ! Culf States Stl. CI '
visions of the food confol act, and fonaimr. JS..9 ,s.,h, ao.a;, g,.,,., ,.: Jjj'cVnltrar.,.h; B5
VOur New Book FREE
1'Hat all latest up-to-the minute
I data, statistics and news on
Independent Oils
TEXAS OIL
MEXICAN PETROLEUM
ROYAL DUTCH SHELL
OHIO CITIES GAS
PIERCE OIL
r-MIDWEST REFINING
OKLAHOMA PRO. & REF.
HOUSTON OIL
INTERNATIONAL PET.
OKMULGEE PRO. & REF.
GLEN ROCK OIL
Uiv MERRITT OIL AND
oMORE THAN 200 OTHERS
rjtVr v 1 1 al t in i itKC.3 1 iu
THOSE OWNING OIL
SECURITIES.
oena tar lour tree lomi H
)1 L-22 at Once
-WINSL0W TAYLOR & CO.
irraln men were warned against ma
j nlpulate practices.
I oats were depressed by continued
liquidation. Induced by a poor domestic
cash and export demand, liberal stocks
and lack of outside support. Cash and
country houses were fair tellers Trade
was small. Cash prices were lower.
.Uav . ! 71' a, mi s.au L'7 iir,
Juh . . ::7.H 7.00 7.711 Jinn
AumiKi . m; l'."i . . . I'll l" "ti f
October.. L'I S4 L'4 . LTi.3-. lt.l
L-7.ll.-i
L'H.ti
J 1. 2ll
l.e,tillnK futures runted iih follows:
lorn (new delivery! Tliesdio's
UPOIl II1KI1 LOW I. Hilt! l-IOS'
I a'l'-i l.i,
1 35'a l.:in'-
M
117
,i.ni
(I.i 1 1.
.Ian
.Mm
I.J Hi
Jan
M.iv .
Itlbs
.lit n
Mm Si 70
1'ora ,
iiai "' tL'lil'l 4L'i.i
Hiil, tAk'tl JNomlnnl.
Cotton Buyers and Sellers
N"riv Vork, Doc. 26. January Hop
kins. Dwlglit & Co. nnd Newman bid;
Weninan r- - 'Watklns offered.
Slarch Brooks, Clifford and Bartlett
bid ; Schley, Schlll, Cone and Itountree
offered.
May Kelffer. Waters. 'W'enmnn nnd
1 as l.im l.a'.i1-. I Montgomery bid: Sellar. Slcel and Hart.
l.:t:i' 1.3U-. l.a-i'j i lett offered.
26
62,
79
174
31
38 V,
ai
91 "
67' j
tli
66
29 '4
79
105
180 .
B
49
55
16
27 M
45ia
142 ',3
128
81
631,
"9
94
;ii'2
4 44
60
S
97
12'-..
49',
41 H
44
18?4
109 '4
25,
26 !i
152
5
S'i
19',,
61'i
20'j
47d,
ir.fi
91 '4
54td
mi i,
3 3 -i,
103
24
39 '4
71
95
2 5 ,
63!
I9K.
174
31,
38 '4
38'!.
95
G8
47
5 6 '4
79
lli.'i
180
6
49'
6000 Ch &0 cv 4!4s 80,4
iiiiiw ilo 4'4s .... 79
24000 do conv 6s.. 87 !4
23000 Chi (It West 4 61(4
4000 Chi H&CJ reg 4s 95a
20000 Chi MllfiSt 1'
Jfd 4V3s.... 73 U
6000 do conv 5s.. 82 !t
9000 do cv 4V4s.. 79"i
281000 City Paris 6s. . 99',4
1000 noniln Can '31 07(.
uo -sb 97',4!ii
3000 Krle cv 4s HrA 48
3000 do cv 4s Sr 11 49
80
79
87
00 Vi
96!a
80.
79
87V4
.OOli,
95 Vi
73
79
99
!ll
97 Vn
4X
47V4
Philadelphia Stocks
103 94
16 '4
39 V4
101
85
90
89
-I',
i
n 4
- 'i
1
IVb
1'4
;
i
1!4
3U
Hi
-- 'i
id,
1U
i -
i-i.
34
4
-1
i
-1
1 1
24
2
79
99 V4
97 !4
497V.
48
47 !i
11000 ,lr, ee 4u Kr 11 K1 I! B0 B0
123000 French It 5',4s.l04 104"i 10li
juuu i, en i;iec as. . .. lUJ-ii luiif
15000 II & M In Bs.. Ifiifc 16Vii
93000 Interb M 4'4s4(l 38V4
90000 Int JI JI 6.. 101 101
1000 Kan C So Bs. 8B 85
10000 Ij S deb 4s '28 90 90
110011 rln inai . so 88
300000 Mb Bond 3!s 99.30 9B.0O 99.20
9000O do conv 4s. . 93.04 92.60 92.60
12000 do 1st 4s... 93 92.90 92.98
2986000 do 4'4s 95.78 95.30 96.32
610ti0 do 1st 4 Vis. 96.70 96.60 96.70
2132000 do 2d I'is. 94.76 94.31 94.48
4007000 do 4th His. 94.70 94.40 94.46
25000 Lyons 6s lOtSi loin; 101"i
3000 I.li Vnlrcts6s.l02ii 102, 102SJ,
37000 .Marseilles 68..1014 101 '4 10H4
SOOOJIIdvale 6s.... 88Vi 88U 884
17000 Sin I'oc gen 4s 63 02 T4 63
mini .Mont row gh.. ;il"
93000 .V V C & H Cs 98 4
1000 XV C 4'js '63.102V
3000 X V Ily 4s.. 43 "4
47000 do 5s llr'i
10000 Pere JIarquotto 87 'a
MOO Pierce Oil '21. 89
1000 Uock Island 4s 80
4000 Sinclair Oil 7s 96
5000 Scab A h aj Bs B2'4
10000 South 1'ac 4s. 77
7130O il cv 4s 84 7i
10000 do cv 5s 101?, lOHf, 101
18000 So Ilwy 4s 67M, 66T4 6014 '
6000 do Bs 96 H 96 96 ,
1000 Third Ao 4s.. B2'4 B2V4 B2'4
1000 I' S K & It Cs.. 91)1.4 99V4 99V4
68000 C S Hull 6s.. 86 SBV4 864!
1000 do 7s 1024 1024 1026;,
33000 V S Stl s f Bs.100 99- 99T4 1
lBOOOVnlon Pao Cs. 10174 lul-i 104T4
45000 r K of (3 H &
t O'-s 1919.. 9974 99!4 99T4
21000 do 5'isn'W19.101',i lftOTi 101H
29000 do 6ias 1921 98-7, 98!i 98 '
13000 Vn-Car Ch Gs.101!, 101 Vi 101 U1
100 Adams kVb'vj 44
16 Am T AT 98 98
200 gala iJSc. 12 72
10 Bait & o B2T4 6U
86 Cam iron 39(4 39 V4
60 Cam 8M..116 115
120C Bx Nat
nk war,129i 127 ,
p6 15leo Htor B3U 63 U
,52JJrl !? 16J
170 (len Asph 38 37 V4
12nsOXA27 27
480 Lk Sup O 17V4 1714
62Lch Xnv. 69!4 68T4
490I.ch Val. 541), 63 94
860 J'enna 1511 45V4 44'4
. 8 Pa Halt M 85 !4 85 V4
1947 Phila Klee 2 5 ft 25
40 P It T t e 27 27
B53 Heading. . 79 78 Vi
350;ron Bel. 2V4 2Va
50 Ton Mln. 3ft 3
623 U O 1.. 73 72i
4 U C X J.192 192
1005 U S Steel 94ft 021i
25 W J & S 46ft 45ft
Net
Cl,g ches.
45V4
98 ft
72 1ft
62 ft
39 ft ,4
116 lft
130 .. .,
B3U ft
16i ft
37 ft ft
27 H
17ft
68ft u
64 ft
44
8Bft ..
2Bft ft
27 Vi
79 ft ft
2ft ..
3ft ..
73
192 1
93 ft 1ft
45ft ..
92 92
97 "4 97 4
102V4 IO2V4
43!i 43ft
1 1 4 1 1 ?4
87 87 ft
89 89
80 80
96 9li
62 Vi 52 ft
77 77
84 ft 84 Vi
Total sales. 7077 'hares, compnred with
3404 ,hare .sn Tuesday: thus fur this week,
1.1,803 ishnres; same period last week, 10,571
shares,
IMNDH Net
,,..., . , lUuh Low Close chee,
JSOOOInterboro
n.,4Wa 39?i 3!)H 39' 2
2000 Key Tel
1st Bs.. 90 89ft 90 lft
2000 Lake Sup
Ino Bn. 00ft 60ft 60 Va ft
1000 Leh Val
gen 4a.. SOU 80ft 80ft ft
1000 Leh V U v
cv 6srg.t03 103 103
100, Lib Bonds
3ftn ..98.60 9S.60 98.60 rf-.90
350 do 2d 4s 92.40 92.40 92.40 .30
6200 do 3d
4fts ..95.76 95.20 95.20 .30
1000 do 4th
4Vis ..94.50 94.60 94. B0 .30
1000 Nat Prop
4-6s ... 33 35 , 35 . 5
2000 Ph Co con
, Bs ,Hlpd. 88 88 88
5000 do 1st 5s
stpd ...100ft 100ft 10011 ft
Total sales, $20,030. compared . with 22..
050 on Tuead.1)) thus far this week, Jlus,
VSili snmo period lust week, $198,11311.
Local Bid and Asked
FAIR ACTIVITY FOLLOWS DULL
OPENING ON LOCAL EXCHANGE
Tone of Market Rather Weak Nearly All Issues Sell
. at Concessions Pennsylvania Railroad and
United States Steel Lower
There was fair activity nt today's session of the Philadelphia Stock Ex
change, following a very dull opening In which transactions were scattered
and sales made In small lots. Tho tone of the market was rather weak all
day, and while broad In scope nearly nil Issues wero sold at, concessions.
Pennsylvania Railroad, United States Steel nnd Philadelphia Electrld
wero tho lenders of the list, the first two selling at recessions of ft and 1,
respectively. Philadelphia Electric held steady at 25 under sales of some 1400
shares. Lalto Superior wns off. I.ehlgh Volley continued weak, selling at
5394 off 74.
Baldwin was off 1ft and Cambria Iron 4, while Cambria Steel gained
1V4 on sales of nn odd lot. Corn Exchange National Bank warrants wero
quoted 2ft lower at 127ft.
There was little done In bonds. Philadelphia Company first Es stamped
wero off ',4. Liberty Issues held about at Tuesday's figures.
LIVESTOCK QUOTATIONS
Chlealto, Doc, 20. ItOOS Receipts. 28,000
head. rly trade steady to 10c higher, ad
yanee now lost. Top. $17,80; hulk, 17.3.1jf
17,75; heavy butchers. $17.00WJ7.8o: medT
'V!. Uri i'sht butchers. $17.50W17.7B; llKht.
fjil.7A0OlT.aoi heavy packing-, $10.0.10
!t'i?! PI"'"""! and light packing-, $17.25
17,55; thrownuts. $lr..0010.73; pigs, good
to choice. flR.nilOlS.
CATTM5 Herrlpt. 0500 head. Beef
steers. 2.1n to SOo hlgW. Hoof cattle, good,
cholco and prime . 11.1.73010.7ft! common
t?'L.8I,.mA0,M'6l5'T''vL butchers' helfera.
$7.8.. 14.50; coys. $T.73(lH3.r.O; stoekera
P?. Vfatr.: "P1. cholco and fancy. $10.60
uln.To; Inferiors, rnmmnn nnrf rapHliim
Iiii'-'wii11!?. v,Kl calvc. eood and choice,
(t 14.no.
HlircnP ll.rslnl. tnnn
evenly. 23c to COo higher.
head. Un-
L1C'l!'-.s'tod'' Lambs, $0in.75: yearlings.
$7M12; wethers. $0.no10; ewes, $48.60
mined sheep, $00.80.
, South Omaha, Bee. SO. HOGS Receipt
today, in.r.00 bead. '
'Arrr,K necelpts today, 3000 head.
HUBEr Itccelpta today, 2000 head.
Kansas Cltr, Dec. 20 CATTLE rte
eelpts. 8000 bead. Hteady; 15c higher.
HOOS Receipts. 3500 head; 10c to 13o
higher.
HIIKEP Receipts. 1000 head; 15c to 25a
higher.
Financial Briefs
A bid of $3500 1 made for a seat on i5?'"5 .'.:..:.
the Phllndelphla Slock Exchange, which , t Vmh miAi,.-
union iracuoii.
IIS',
Int Agri 121
do pref 4 9 ft
blip Copper . . 4 4T4
Intb Cons Corp f
do pref 20ft
hit Hnrv Corp.l09T4
Int JI JI 26V4
do nref 112'i 110
Inter Paper. . . 30. 29",
do prof sta. . 62
Int Nickel 32 ?i
Inter It T pr. . 72ft
Jewel Tea .... 31
Kansas C s . . . 1 8 '4
Kans Cy So pr 53 Ti
, Kolly-Sprgnid. 08
do prer .... jiim
compares with a sale nt $3600 early this
week. There aro several Inquiries for
scats, with few memberships offered.
About ten seats are held by estates, but
In most cases the price asked Is sub
stantially above recent sales.
23 110 23.MI
2.1 70
2:i.k.
23 Ml
24.110
62
31 .
71".
29
18ft
M
67 Vi
90 ft
32
103
21 ..-.
21.70
21 S2
23.52
,1.1. Ul-IUIIIl '.JUllIlfl,!! 1111. 11AI11U11. I Iflll'
uW uo'4 'ivl iia'i O'.i'i , mn"' ,0-v?-e and Holmes and Jlontgom- 1 Kennccott Cop' 33 ft
.,. cry offered. , Kress S H pr.105
- I Lack Steel .. 07f-a 67V
MONEY-LENDING KATES ' L'akeKrh w ?8ft 88!
Xi:tV YOlli; Money un call, mixed do prof .... 18 18
collateral all loans at 6 per cent today. 1 Leliiuh Valley. 64ft 53
Industrials opened at Oft per cent: high , Lee Hub & Tire 22 21 :1
6ft: low. 8; last, 0'-; closed G(U 6 ' ; . Llg & JI Tob 0.205 205
ruling rnte. 6 per cent. ' do pref . . . .10fi 100
The market for time money today was 1 Loose-VV I)W C 44 ft 44'
lenorted lrtuallv at a Btniiilstlll with Lorlllard P ..154 13n
nominal quotations at 5i per cent for Louisv & Nash. 118 s 118ft 118ft
sixty nnu ninety uas on industrials and ' -unnnat 1.1 ... sii's su' no1.
a ft per cent on good mixed, the 1 Jlax .Motors
Total .',le. $20,027,000, compared with
$17.0.",ll.0lin on Tu.-sdi,:-; thus far this week.
1G7; ! I 1.11.1.10.0011, nn period I11.1t week, $52,-
1.1.1IIIU,
13ft
141
1284
81
66
"II
94ft
31ft
4 44
61
8
97 1
12ft 1ft I
49 ft 14 j The Ami-lonn "Window Qlass Com-
44 rs lft pany Is preiiared to buy $280,000 worth
5 Vi ot collateral trust ten-year ! per cent
20ft -- ft ' sinking fund bonds, dnted February 1,
100 vj la, , 1912, at a price not exceeding 9B and in
254 ?a tcrest.
Hlft ift '
30 1 I At n meeting of the directors of the
02 . . Third National Bank Raymond It. Bos-
31ft r'a worth and Herbert H. White were elected
7174 as assistant cashiers.
18!i lk ...... ,
row 3' i lie uuuaii-,ineriean oiiKur company
1;
90
105 i-lft 1 o.sa,J m ine preccuing year.
Hurt it Susq t c. . . .
do preferred
Ilrlll. J O
Ualdwln
lilee Storage
General Asphalt ..
do preferred
Ke stone Tele
d o preferred
Lake Sup Corp
Lehigh Navigation
Lehigh Valley
Lehigh Val Tran.
do preferred
Pennsylvania
Philadelphia Klee .
Phllndelphla Co .
do 0 p o pref. .
Phila II T t c. ..
V IJ I
I' 8 Stool
Wm Cramp 8. Sons.
York .Un 11 way
do preferred . . . .
53Y" a The Cuban-American Sugar Company Am Milling.. 10ft
,-1., 1 ij annual report for tho year ended Sep- Am Strs pf.. 90
in 14 tember 30 shows net profit, after charges , Brill .1 O.... 70
:Pb i" 'nnd war taxes, of $4,227,202, against I Buff & Sus pf 56
Today Tuesday
Did Asked Old Asked
".I 7.1 73 7.1 I
.14 Bll 54 50
73 73ft 73ft 74 glM
"... r... r... nni, 6
37Vi SSft 147ft 38ft '
7.1 70'4 7.1 77 I IS
11 10 11 Q
411 . . 411 3
17!i 7ft IN 1
no iih'; 00 S
.14 .14 54U 1
LMV4 .. 'S
IC; 45 4.1'i I M
2.1ft 2.1 2.1's , 1
81 30 31 ' S
30 . .
ti: : mt m
4 u 8014 a '
'-','. 2ft fe
3 aj, 1
,ik 3i . m
72i 73 I H
114ft O.IVi S
7S 82 g
31 ft '.'. j I
1 a
rltttknrgh. Dec. 211. . lions Reeelnts
7.100 head Steady Heavies and heavy
$ 50' i7iai "Bnt yo'kers and pigs,
silEKl AND LAMnsRecclpts. 30"
hC5'l8,e'ldj'' Ton "heep. $1150! top lambs,
$15.50.
CALVES Receipts, 50 head, fateady. Top,
East IIiiflTalo, N. Y Dee. 20. CATTLK
Receipts. 323 head. Steady. Calves Re
ceipts. .100 head. Easier: J0 20.
IKM1H Receipts. 27,200 head. Dull.
Heavy mliod and yorkers, $17.70. Others
Unchanged.
SIIKKP AND LAMPS Uecelpts, 0000
DIVIDENDS DECLARED
I N'"w York Dock Company, initial dividend
of 2ft per cent on common, payable Feb
ruary la 10 stosi: 01 record February 4.
General Flreprooflns; Company, quarterly
of lBi per cent each on common and pre
ferred, payable January 1 to stock of present
record.
inspiration Consolidated Copper Company,
dividend of $2 r share, payable January ?7
to stock of record January 10.
Mutual das Light Company, semiannual
nf 4 per cent, payable January 10 to stock
of record December 27.
International Paper Company, quarterly of
lft per cent on preferred, payable January
15 to slock of record January 0.
Delaware. I,ackawanna. and Western,
quarterly of 5 per cent.
111
47
17
111",
134
It
2.1ft
44ft
2S
,10
an
2(l
71'
2ft
:i
3Sft
o:ift
7H
7'4
31ft
tErammnm hthi inm nurna m m bi nmnurtunj KHumm n mu un mn; t ijnnTjmnmiraiTrinmniTm'innnn nnimiim ntin im mi nnmn raiunmni! mini innnn rh nraiimDiiiuiuHui ra
Acceptances and
Accounts Purchased
70'
2S
:ift
.10
7.1
113 ft
SO
lil!
21 S.I 42.1.00
23. .15 t23 72
411 .10 $47 Oil '
42.50 "43. 110
CHICAGO BUTTER AND EGGS
Chlrago.' Id 20. lltlTTUR Receipts,
73rd tubs l'renm,T, "itfDOtlr.
KtlGS .Recoliils 1121 cu8.'H. First. 02ft
1,2ft -. oriunary arms,
uses Iniluded. 0114102'
R SILVER
La at lniR
Toil.iv Tu'h Thur. JtlKhl.nw
itsi 101'i Hold'y lillft lulft H5'i
;Hi.0c; at mark, , low levels recently.
Prime mercantile paper Is quiet at 5'4
I fi54 per cent and prime batik aceopt
ai.ees are also unchanged as to rates,
i Call loans on choice acceptances art
unaltered at 4 ft pel cent.
IMIILAIILLI'IIIA Call
6 per cent;
do 1st prof. ..
do 2d pref. ..
May Dp Strs . .
Me Petrol
Miami Con c. .
Mldvale Steel. .
Mo Kan & Tex
Missouri Par .
do pref
51ft
20 ft
60
081
224
43ft
5ft
24"',
r:
Members Consolidated
Stock Kxchange of New York
.436 WIDENER BUILDING
' Philadelphia
Telephones, Walnut (13 Hi, Itnre S106
ff DIRECT PHIVATK W1RKS
. N'eir York l'lttsburcli Chester
11 lluntlngdon Johnstown
Investments for the
Readjustment Period
DURINO the preient epochal
readjustment ol the world's
Industry and commerce from a war
t s peace basis. It behoortt the
iavettor to place his funds In se
curities that are strongly bul
warked against shifting conditions.
W shall be plened to furnish
selected list of such securities,
They Include Government bonds
yielding up to 4.S5';: municipals,
4.40; railroads, 7; public utili
ties, 7; Industrials. 6.(1.
Ask for Circular PIM9J
TheNationalGty
Company
Cttrutondtnl Ogiettin 31 Ci'lln
PViladelphia 1421 Ck.il.at St.
TeleDhone SJ5 Locust
WAYNE COAL
7,535 acrei coal land, equip-
ment, rtilway
20 million teat strippinf coal
in reierse
Whjr production coils are low
tirfe Earninfi
Dividend Pouibilitiu
7)Mriis.itt in analitlcal irport
uhtch l uoiira on request -no ooU
nation. .Uail coupon.
time, 54i (if 6 Per cent. Commercial pa- , ,," M'e' Si
per, three to six month", 5'fl6 per cent ; ' ?.,onl lower . i.
six months, 0 per cent. . i mi & Cab l.ft
Nat Kn & Stpd 45-it
.National Lend. 64
Nov Con Cop . 17ft
N O. Te & Mex 30ft
N Y Air BraUc.lOO
N' Y Central . . 75
XVCiStL 2 pf. 44 '4
, X Y Dock .... 23ft
X Y X 11 & H. 32
X Y O & W. .. 20ft.
Xorf & South. 18
Norf & West. .106
Members I'onn. Htoek V.x. of N. Y.
028 Widener Bldu, Phila, Ta.
m.l liell, Wat. oaO Hace 4CI0
Now York Office 30 llroad bt.
rnlVATG WIRES
Nam .
Street No.
City
WC-13
North South lut and West all
should Invest. IIUY W. .
. London Money Is quoted at 3 per
cent Discount rates, short hills and
J three-month bills, 3 17-32 per cent.
1 rOREICN EXCHANGE
I w .York, Dec. 26. Voar-end cover
I Ing of short contracts uas advanced as
1 being the cause of the strength In nfU
j tral exchange in the laBt day or two.
1. ,!, u.irlo ullnffa , I, ..l....u n ....
. .ic iui.j .v....i.nr. . lucrn ui c.x .... ...
; change was up to the high levels re- V.tll.,An ,""' nr3
centl. but without appreciable change ' -North IMcinc . 95
from Tuesday. , Nova Sco Steel n5
Italian exchange was slightly firmer ' 01,l f"" '
also, and francs and slerllnt; held fully !nt Silver .... 7ft
'steady. Tho Improvement In the neu- I I'aclflc Mall... 38
trals was In pcBctns, and only moderate. ' I'an-Am Iet .. 654
, The market was very dull. ' I'enn It li .... ft
The nuotntlons were; I'eo C5 & C. . . . 49
Demand sterling 4.75 13-16, -rabies ' ''ere Marnuette 14
4 76.55. .Mxty-day bills. nominally. I'ltts & West. 35
4.73ft ; nlnet-day bills 4.71ft. , IMerce-Arrow. . . 42
i-rani. caiues o.-n , cnecits 0.401,2.
1 Lire cables 6.35. cliocks G.3Cft.
riwitiH caiues -i.it. chocks 4.5(1.
Oullder cables 42ll4, ehi-cks 42ft.
Pesetns cables 30.13. checks 20.05,
Stockholm cables 29ft. checks 29ft.
Chrlstlania cables. 28ft, checks 28.00.
Copenhagen cables 2714, checks 26ft.
ltuble currency was dull and nominal
at 16ftal6.
Tl 'CTiaTl?
$100-S500-S1000
BBssasassaaaasBaBBaasMsaaaaissBn
Exceptional Security
27 ft
50 ft
.19ft
00
100
22 ft
42
24
51 H
13
15
63
16 ft
30 ft
99ft
74
414
25 ft
30 ft
20 ft
18
1(15
49ft
93
54
42 ft
7'i
38
64ft
44ft
49ft
14
34 ft
tl
11114
154
HI
62 ft
1
67'i
84 2
8ft ft
18 2
53 1 "i
21 -ft i
205
106 1
44 ft ..
150 1
lft
1 The Xow York a'uhtreasury gained
Il.lbj.ouu irom mo nanits on Tuesday,
PHILA. INACTIVE STOCKS
Following uro quotations for Inactive
1 stocks listed In the Philadelphia. Stock
Exchange nnd In which there were no
1 transactions today. The price given
10 uiu mm uri.'viiiuB close:
Acme Tea Co 79 Little Schuyl 48
Amcr Gns .. 74 ?i Lit Bros 25
Am Itwys nrf 69?i Mlnchlll 52
Am Stores pf 90 Xorth Central 76 ?i
j j war.... ii iortn I'enna. as
Am Milling.. 10ft P X Bk pf.,275 1
Phil Co cm pr 32 ft 1
Phila 151 w iv ft
Phi la & West 6
Buff & Sua to 73 Phila Trao . 71
Cntaw 1st pf 62 Ilwys Gen... 2
Catnw 2d pf 54 Union Trac .. 38ft 1
of XJ 90ft War I & S.. 8ft
Let us cari-y
your Custom
ers' Accounts
and give you
that Capital to
make your dis
:ount8 and buy
and sell more
merchandise.
Cns T
Fth S
X B.180 West Coal.
751
E'-nSSnll CaSh net Wln B",Ce Frlday 0t ! Gen Asph pf 76ft York llwys:: 7ft
Jl,i0.,000. Hunt & i) T 10 1, h Trans pf 25
nir no.. .i,. ,i. ,.,oiii e .,.. Hun & BTpf 16 Win Cramp.. 80
1
27 'i
51 ft
20ft
no
167ft ft '
22i ..
42 i. ft
5 ft
24 ft ..
61ft ft
72 ft
15 l.j
454 ft
03 2
16ft ft '
30ft ft '
99 ft 2
74 1
44ft ft
25 ft ft
32 lft1
20 ft ft '
18 ft I
105ft ft ,
49ft lft (
95 1 ;
64 lft
42ft ft ;
7ft ft
38 1
Bank Day. when the majority of the
national banks nnd several of the trust
companies In this city hold their annual
elections, will occur January 14.
The London Stock Kxchdnge and
the Cotton ISxohangc In Liverpool will
be closed until Monday, December 30.
j u isriu pr. . (u i
RAILROAD EARNINGS
BUFFALO. ROCHF.8TKR AND F1TTS-
11URUU
1010 Increase
Third week December. J3:i0,033 $31,000
-r- 1
I WE OWN AND OFFER SEVERAL
1 Rrr.limTIES OF THE HIQHE8T
QUALITY IN DENOMINATIONS OF
(100, $500, $1000. THE YIELD IS OOOD, ' Roslon .. .
6ECURITY UNQUESTIONED. INFOR. , NeV York .
MATION DY MAIL OR OUR REPRE. Philadelphia
.-v.a.,,w lllll I Al I'l.v.l.n
btnia vl v,4.fc. W.MW4-. - ".'.
Reserve Hunks' Discount Rutes
Oftlcial discount rates at the twelve
Federal Reserve banks were as follows;
(The first column gives the rates for
all periods up to and including a fifteen,
day maturity, the second for u period
of sixteen to ninety days. The third
und fourth columns are the rates for
rediscounts of collateral loans secured
by Government bonds or notes.)
BAKER, AYLING & YOUNG
LAND TITLE BUILDING
ooston PHILADELPHIA Chicago
4
4
4!
Ijilaju days
.'
1
Keystone Tiro
Island Oil
)klahoma Producing
i
Huffed ("1 IttQUfit.
TjUNKAMfifa
iff .SPECIALISTS
43 EaKiMHr FU ff tw Ytt
SEND FOR "BOND TALK"
Keep in Touch With the Trend.
iNooasoaATr
Stick Kxcbaniie Dldi,. Phltadelphlit
Iloston Nw York
Itlehmond
Atlanta .
I'hk-aao 4
Ht. Louis 4
Minneapolis .... 4ft
Han Francisco.. 4ft
Kanaaa City.... 4ft
Dallas 4V4V
Com' I paper Gov. paper
10 to BO to t an
ja oaya umir 1 1
4 4"4 4
4 4
i 4
4ft 4'i
5 4ft
4; 4
4i 4
4.'i . 4
4ft 0'5 4
5 4'i
B 4i
4K63 4
4ft
4
4'..
HANK CLEARINGS
Hank clearlni's today rompured with cor-HDondlna-
day last two yeiirs:
I lIMs 1017 10IU
I Phila .. JR3.tl43,87B $71,149,747 $37.725. 800
Iloston.. H3.Hia.03ll 4.-1,111111,0.11 SlI.HIl.YMI
Bt LoulB 31.383.810 22,1123.321 22,lSS,2,'it)
do 111 of .... 101 -li
Pierce Oil 15 ft
I'ltts Coal 40
Pressed S C. 03
Pullman P (.'.115ft
Ity Steel Spg.. 75
Heading 79 ft
Heading 2d pf. 38 ft
lien 1 & Steel. 74
Royal Dutch.. .101, 101
Saxon Motors. 8ft 8
St L-S I 13 13
Sears Rochuok.lOOft 169
Shnttuck Ariz. 14ft 14
Sloss-Sh S & I. 49
Sinclair Oil . . 32ft
Southern Pnc. . 08ft
Southern 11 It. 29ft
do pref .... 08
Studebaker .... 5na4
Stutz .Motors. . . 49
Tonn Cop &4'li 13ft
Texas & Pacific 24ft
Texas Co ... .186ft 18C
do right'... 13 lift
Third Ave It It. 12ft 12ft
Tobacco Prod. . 81 80ft
do pref . ...100ft 100ft
Tratisue Wlllnm 40ft 39
Twin City It T 47 47
Union Paclflc..l20ft 125ft
do pref 71 70ft
Unl Alloy Steel 38ft 38ft
1'nl Clg Stores. 107 ft 106
I'nltod Drug. . ss 88
Cnlted Fruit.. 156 154
Unl Ity Invest. 7ft 7ft
63ft
44 t 'i '
49ft ft 1
14 ft '
35
12 -rl
101ft ft
15ft ft
46 lft
63 I
4ft 115ft ft.'
1 8 'a .
38 ft 1
73 lft .
101 1 I
S ft I
13 ft I
169ft 114 1
14ft ft ,
49 .. I
32ft ft I
98 ft ft I
28 ft ft I
68 1,4
50ft lft '
49 1 1
13ft ft
24ft .. 1
186ft ft ,
13 4
12ft ft ,
soft ft !
100ft ..
39 vi
.47 1 '
126ft ft '
71 1 .
.38ft ft
107ft ..
88 3 ;
156 3 I
7i ft
aZ
Savings and Safety
TJAVE you accumulated money
"- have you neglected to open a
bank account have you considered
that something might happen to
your money if not placed in bank?
The time to save and protect your
savings is today.
This Company seeks your Checking
or .Savings account, large or small.
Come in and talk it over.
THE COLONIAL TRUST CO.
13TH AND MARKET STREETS
Member Federal Reserve System
Open Every Evening for Deposits and New Accounts.
Trade Acceptances are advocated because
Manufacturers and Wholesalers need their
money to buy and sell merchandise
wherein lies their profit.
Banks are equipped to -purchase Accept
ances. We are equipped to purchase Active
Open Accounts before they are closed into
Acceptances and give you that needed cash
working capital while you are waiting for
Acceptances, which in many cases you may
not be able to obtain.
We leave tho Accounts with you, as usual,
either to collect for us (without disturbing
your customers at nil), or to close with
Trade Acceptances. Upon receipt of an
Acceptance you can take up the Account
with us and discount the Acceptance with
your bank, or we will continue to carry the
Acceptance for you.
For details and rate write or 'phone us or
our nearest representative.
fSinilHIilMMIIBH
Commercial Credit Company
Cash Capital $2,250,000 Surplus $450,000
BALTIMORE
nepresentcd at
PHILADELPHIA. 512 Stock Kxchanee Bidjr.
(Phone Locust 919)
NEW TOnK
BOSTOX
C1XCIXXATI
Affiliated with
Commercial Acceptance Trust
Cash Capital 11,000,000
208 S. La Salle St., Chicago
78'
38i
73
49
32 ft
98
OS
48 ft
411
13ft
24
BarnetOil&Gas
BOUGHT MOLD O.COTED
Morton It. Alexander
phila. Stock Exchange Bids.
tl Wllllar.1 Ht.. N. V Cltr
U. S. LIBERTY BONDS
$50, $100, $1000
llllL'GUT. SOLI) ANI ItErOMMKNDEU
Newfcwwr, MMfersMt Imh
Year's Financial Review
On Tuesday, December 31, and
for several days following, there
will be published In tho Rvexjno
Pudlio IiKDonn tho New York Eve.
nine- Post's financial review of tho
year.
This will Include a resume of
stock and bond trading for the
year, and also during the four years
of tho war, and a discussion of the
Influences, both political and finan
cial, which have helped to shape tho
course of prices.
f-ueninij, public Ue&Qer
,ln nref 1 f. i lSV. 15'4 Hi
V SC I P&K nf 44U 44ft 44 . ft
V S lnd Alchl.lOlft 100ft 101 ft
1 H itunuer .. io-a lots 1',
1 r s smlt ot iti lavs
I' S Steel 94 ft
I do pref 113
! Ptah Copper . 73
I'lah Seo Corp 13
I Vulcan Dettn . 10'4
.Wabash 8ft
do pref A . 33
no prer u . . - 13
44
92 ft
112ft
71ft
12 ft
10ft
To the Holders of the
Government of the United Kingdom of
Great Britain and Ireland
Five and One-Half Per Cent. Secured Convertible Notes
Due February 1, 1919
Please take notice that the British Treasury has waived tho ten
days' notice required in tho option for conversion into United
Kingdom of Great Britain and Ireland Twenty-Year 5l Bond3
due February 1, 1937.
Tho undersigned will therefore be prepared, at any timo prior to
maturity, to ncccpt such notes for conversion without requiring
the ten days' notice.
Dated at New York this 23rd day of December, 1918.
BANKERS TRUST COMPANY,
16 Wall Street, New York
Wells-Farco Rx68ft
t:i',i
West Muryld
West l'ao
20ft
West Un Tel.. 86 ft
WestlnBh 5Ifs. 42ft
Wheel & I. J5. 9
I do pref ... 1774
Wlllys-Overld.. 25
Wilson Co .... 71
AVlso Central.. 30
Worth P & M. 53
I do pf II . . .. H7
31ft
20
68ft
12ft
20
85
42ft
8ft
1774
24 ft
70 ft
;?'
53
67
",4
44 lft
93 ft lft
11274 ft
72ft ft
13
1014 ft
8 ft
31ft lft
20ft ft
OB ft ..
12 ft ft
2074 ft
85 74
42ft ..
8ft U
1774 '-
25
71 94
2974 i
53 -2
07 1
EXECUIOB
cnAKTEBED 1861
XUDSTCS
FIDELITY TRUST COMPANY
Member Federal Reserve System
Capital
Surplus
Main Office:
325-331 Chestnut St
43-53 S. Fourth St.
ADUIMSTIIAXOB
$5,000,000)
$16,000,000
Broad Street Office.
N. E. Cor. of
Broad and Chestnut Sts.
' GUARDIAN
at)
ST. LOUIS
MINNEAPOLIS
DALLAS
HOUSTON
ERNST & ERNST4
AUDITS AND SYSTEMS
NCW YORK
rHILAOILPHIA
CHICAQO
BOOTON
MTT8BUR0H
DETROIT
CLEVELAND
CINCINNATI
Total sales, 030,400 shares, compared with
431,300 shares on Tursilayj thus far this
week, 1, UN, 400 shares; same period last
) week, 1,308,200 shares.
f
Ex illtldend
Headlnc 34 pref, ft I Celorsdo and South
rn lit pref, ,21 Colorado tend gouUiera 3
We announce the opening of a
Philadelphia Office located in
rooms 2023 and 24 Land Title
Building fully equipped to ren
der complete audit, system
and tax: service.
.j.
via .1 . wm
mk4$
An Unusual Free Service
for Men of Large Affairs
T ONES & BAKER direct special attention
J to the present interesting possibilities of progres
sive Industrial companies. Printed reports giving com
plete data on these companies in clear condensed form
for quick analysis dividends, officers, capital, organi
sation, earnings, etc. will be sent free without obliga
tion on your part.
As a timely expression of the convenience and help
fulness of this free service a report is offered on
Keystone Tire & Rubber Co.,
the most notable recent example of the application of
the ''Chain Stor$" idea to the retail tale and wholesale distribution
of motor tires, The progress of this company has been described
U phenomenal. Starting In 1908 with a capital of $5,000, it has
grown so rapidly yet profitably that the list year's n( arn4"n
re estimated at upward of milion dollari. The management
( engaged to-day in carrying out extensive rcpansfoii pUtnt.
Olhtr Ftte Reports on
Hupp Motors (Aik for No. TU-1S3)
Pe.rlm Motors (No. TLM94)
U. S. StwmiMp (No. TIM95)
Una Locomollrt (No. TU-196)
Isltrcontlaenlal Ri.bu (No. TIM 97)
Cnnp SUpW.ldint (No, TIMS8)
and. many other prosrssifoe Indus
trial. Oil and Jillnlna' comDantaa
whos Kianaawienta. dlvldn4, mbm
devaJeMMWt msJ m4int.t47W i-
Telephone or write for
Report TU-192 "
JONES & BAKER
8ECUKITIK8
WiJenir Bid,., PMIidilpaia )
'Phones Bell, Walnut 1699
Keystone,, Raoa 2399
gWf.Tpric , . . , . P4JtnttrH
I
1
$
J
''4
a
ft
y.., .
tccuspa?
"""Tji M'J'J TT
1,1 . j
o-
'?
rr--w Pffmft ,'