mVSVIPHEKMBaiMN ,,.,.,,,,,,,,.,,,, iw;,i,wifl'w'i7 EVENING PUBLIC LEDGERPHILADELPHIA, TUESDAY, DECEMBER 31, 1918 13 i tj ' " OF TRANSACTIONS IN STOCK, BOND AND COMMODITY MARKETS OF PRINCIPAL CITIES KHKffifiSMJiSS u Tprea. Although there was conslderaolo f Irregularity' in. security markets,' the 0 "was exceiitlonallir, Arm In face' of 'the dermaii" advance. Tlio country entered Its third Liberty , Loan campaign on the 6th of the month) the first anniversary of our 'entrance, into the world war. The min imum amount of the loan was for 13, 000,000,000, and the rato of Interest was" placed at 4 y per cent J the bonds, to run for ten years. Thero vcre ininy happenings tUrHng the month Of importance to the Indus trial world. The most Important was the action of the Government In putting the manufacturing concerns of tho na tldh on a mora etllclent UixbIo. Tho ap pointment of Charles Tvl. Schwab as head of tho Shipping Industry was an nounced, as whs trie Appointment of John D. Ryan us Chief of aircraft pro duction. There Was nlso considerable activity In the Steel and Iron Industry, with a largo Increase In output reported, the mills of the former working at more than 00 per cent capacity. MAY Taxation Program Railroad 'Wane In- r crcaso and Higher Rates ." Seeurltv markets botran.llin month of Slay with a Bharp advance In prices, especially for railroad nhares, on the announcement of Director Cleneral Mc Adoo'tf budget for new equipment and track expansion. This, together with tho cheerful nows from the steel trade and good crop prospects, caused a buoyant market, and prices advanced further. Steel common roso from around 96 to 113 ond Balwin from 79 to 101i. tooth being new high records for the year. In the last half the market de clined, and most of the gains wero lost, duo to tho many events of u bearlsn character, such as the renewal of the German offensive on the western front nnd the President's message calling for new taxation at tins session or uon gress. The plans for now taxes called ror doubling the excess profits and in- iana out of line with the available credit come taxes from tho 34,000,000,000 i facilities. This caused the money eom Fstlmattd from 1917 profits to J8,000,-1 mlttee to renew Its warning as regards C0O.O0O from 1918 profits. overspeculatlon. Jinny conferences were In the rnllroad world there wero many ! held by the money committee, and tho events of great Importance, The dl- consequence wns that many houses were .....t.... m..i...nl ncl a..i4 n .. ml.'nnm. rf I fn-i.il tn ..illlAA 41. ut. Inntl r.n.n,,.. n.,,9 from 1 to 33 per cent In wnges. To offset this expense and the uddltlonat expenses due to higher cost of materials mid equipment, tho director also ordered an Increase of 25 per cent In freight rates, uf advance of 10 per cent In commuta tion rates, and an Increaso to three cents a. mile In nasrenger rates. The third Liberty Loan compalgn was successfully concluded nnd tho nuw Jjonds were traded In for the first time On May 10, opening at 99.10. Later in tlio month tho decline continued and a low of 97.26 was reached. JUNE Checking of German Offensive on the Western Front Tho trend of events during June was of a decidedly moro favorable character. But, despite all the favorably news, tho stock market, except for a slight ad vance during the mlddlo of the month, wap apathetic. This strealc of news was not conltned to our domestic affairs, but conditions In Europe also shared .favorably In the events of the month. The most important news In our do mestic h flairs was tho report r' tne Department of .Agriculture estimating n.'" wheat crop, for the current year of about 1,000,000,000 bushels. Then tho Iron and steel trado continued to re port, great. activity, Iron production run nlng close to the highest levels on record. In the, Kuropean news the actual checking of the German offensive and the' splendid victory of the Italians over .the Austrians were' the main events. Many reports came out of ISuropo re tfardlrig Internal conditions In Austria -and Germany. ., JULY Tho n ri j .i 'ii! 'J German .Drive and the Allied Caunter.Offensive ?nd. t.nat country followed Germany's i U0UnIer'u"ensIe h?ad Irt establishing a Republic. The The launching of another German German retirement of France and I?el- drlve, on a front of some sixty miles Blum and other occupied territory began ,.,, amf ...p.t nt Ttholmq and Hi be. Immediately after the signing of the east and west or linclnis, nnu tne do- arm stiee. and under Its terms the major ginning of a counter-offensive by tile portion of the German fleet surrendered French, Americans nnd British between to the Allies on the 21st. the Marno and S'olBBona, gave to the The action of the stock market dur- events of the paBt month a predomi- '"?, ''l6T,nr.ly vart of ?,?ve,m.1'(T was natlng military aspect, causing tho finan- i?r& mVcn the some as the latter part clal markets to raise once more the ques- October. Avar shares continued to Hon of the relative strength of Germany decline and many of them made new nnd the Allies In man-power, nnd the low records for tho year, while the .blllty of Germany to force a decision In railroad shares continued to advance, the west. The German offensive was This movement continued until N'ovem launched on July IB, the principal at- her 7, and on thnt day news reached tacks being directed against Ithclms ati this country thnt the armistice had been the Marne positions. Some progrosj In signed by tho Germans and the market the envelopment of Rhelms was mad, advanced violently. Prices rose 6 to 7 and the German forces succeeded In points In two hours, and speculation be crossing to the southern bank of the ' came so wild that the stock exchange Marne and penetrntlnir to u depth of foul J authorities decided to close the ex miles beyond that river. change one-half hour earlier than usual. 'Frpm the outset, nowever, the slow The report later proved false and the rate of progress of the attackers raised J market became more calm, but "prices doubts as to the .success of the drive continued to advance, although only uuuuio h mull uuiuiKeu 10 iiuijch ox h deflhite" Allletl victory when General Foch mado his counter-stroke on July f ..!.. 4.- c.1- . ChaturyrAY the "SSSTot the montn tne Germans naci retired beyond the line of tho Ourcq River having re treated, to a maximum depth' of fourteen jnlles northward and leaving the, Im portant center of Fere-en-Tardenols In the hands of the Allies. AUGUST ,1 Renewal, of Speculative Activity Due to '' Cheerful War News Security markets during August howed" decided Improvement, due to ajnucll more favorable war situation. "Che first days of the .month experi enced. a' very quiet market, due to the Mntenso heat. This whs eo severe that there was talk of closing the Exchange for one day. Trices, however, were linn throughout thlsiqulet spell. Then camo a decided upward movement In the rail road Bliarea. on the belief that the rnll road contract would soon bo settled. This movement hi tho railroad Issues 'carried many of them to tho highest levels of the year., Shortly afterward "l Here wnu a sharp upwurd movement 1n tho Industrials on tlio news coming firom. the western front.1 Mnny issues .were quoted from five to eight points ''ibovo ItteMewls prevailing at the open Ink Of the trmtli., This movoment, jioweven.camt to "ttn abrupt halt fol lowing the,,lBganco pf a statement from the afcllntf chairman of- tho money nom--1rtlttothat. pehdlnir tho notation of.,the rtourth Liberty. Loan, ull speculation based dh borrowed money should be 'dltcouraged, t Tills had it. dampening "effect on"tho murketv which turned ex ceedlngly quiet-- th -l ' . ,, $EPTEMBEJt Dularia.Negotiateir i'eaccTut'key'. : V --it ti . .. . .! as t i,ou3j)e iii laieiuno .'The, . Ptocii .markets, idurlng"the oarly nan uf ..qcpiemuer were., very erratic. ,uye, to .the, money' situation. Late .dn "llKust Ifle chalrman'.of Ihe.mOney eom-InltteA-.lMUed a. warnlns attaint miilim Mfir BpetulaUpn,, Mild 'this was -followed In . ,0?WtIlber 6y . request, from- the stoolc ', 'jeHchnngo, ,or all data, on call Ipans .on f.fgCK market collateral. , This' 'had a depressing,, effect on the' narketand It jnoved irregularly uptll late In the month. nvhrn the European; .news caused a sharp , MUfln 'prices, ',,,, ' . , i;Xfc most Important event In the ' KUrouU'Vinr. news was the uneondl ;;tlonaI .surrender -of '.Uulgarlu and the 'cplfapse, 6f the Turkish armies whloh 'later caused that country to surrender. The Austrian Government again1 mado a request for Peai'e', but this was refused liy President Wilson., The latter, how ever, had very little. Influence on secur lty prices, Qnjhe, eleventh of, the month the Lib. nrty T3ohd Usues recorded a sharp ad vance, due to tho recommendations of j;cre(ary, McAdoo for. a higher exemp tion, In these. UiiWs fi;Qn.i the Income i kx. .Uulns of. !! to &i 6' points followed itiiili news. -, 'TlS,ob.ttoh market experienced a very i ' tifiyere dciiue uii? to tik. of prlce-tix- u5fc' ,"a, JTfW'" Witfori applntert . a, S.Jr.ttVlalfm tnMnvt limit th nAvtanlVM.. rf-- w- "; "rr1""T'T OCTpBER .Germany's Request for an Armiitfcc. ' The Collapse of Austria The events which camn to pass In the Kuropean war theatre during October Were the moat far-reaching during the period of the war. Following tha sur render1 of the Uulgarlans In October, the Allien continued their victories ngalnst the Turks, which caused the uncondi tional surrender of that country. In Austria Independence was declared, fol lowed by tho splitting up Of nil the provinces Into small States. Following this a reign of anarchy arose, which caused much confusion In that country. This, coupled with the offensive by the Italians, caused a collapse of the Aus trian armies, and It was reported that tho commander asked for an armistice. But far moro Important than these events, which had long been expected, was the repeated requests from the Im perial German Government for an armi stice for tho purpose of opening pence negotiations and what terms the Allien would grant for the accomplishment of the samo. There nlso camo reports of much unrest within the German borders, with cries from tlio populace for tho abdication of the Kaiser. Ludendorff, however, did resign following the col lapse and wide retirement of the Ger man armies In France and Belgium. "The stock markets during October be gan with much iriogulartty, especially In war Issues, which declined. The move ment continued until the middle of tho month, when the? news of the request of an armistice came from Germany. This led all to bellovo that peace was In sight, and tho market became very active and advanced sharply, especially so-called peace shares. Railroads were a feature throughout the movement, which continued about ten days, In which sales exceeded a million shares each. Many high records for the year were recorded. Tho movement, however, ac- cording to banking opinion, was too fast i the brokers wero asked to request higher murKins irom tneir customers, 'inis re sulted In much forced liquidation, which caused a decllno of flvo to fifteen points In speculative Issues. A rally set In, however, when It became known that re-, strictlons to be placed on the money market might not be as drastic as had llrst been expected. Tho month also saw the fourth Lib erty Loan campaign to a successful conclusion. Total subscriptions to tho $6,000,000,000 loan wero run up to 36,989,000,000, nnd the number of sub scribers wus estimated at moro than 1,000,000. NOVEMBER A Month of Victory Tlio Complete .' Collapse of Germany The world war officially ended on No vember 11, This was the culmination of many Important events which have hap pened during tho last few months. The first Important ovent In tho Kuropean theatre during N'ovember was tho. cessa tion of hostilities on tho part of Austria-Hungary and Italy. War between these two countries ended on November 4. After this events moved swiftly. Ger many asked tho Allies for armistice terms, and a commission left Berlin on November 6 to discuss the terms with General Foch. This commission reached the French line on November 7 and Im mediately proceeded to French headquar ters. N'ovember 7 saw the outbreak of a revolution In the northern part of Ger many. Followlpg this tho demand of tho Germans for speedy consideration of the armistic became more urgent. The Germans received the terms on tho 8th, nnd on the 9th the Kniser'and tho heir to the. throne abdicated and fled to Hol land. 'On N'ovember 11 the armistice was signed bytlrcaennnil commission, and tho world wnr officially ended on ni oay at ll o'ciock, French time. " the 12th the Austrian Kmneror abdicated , moueraieiv. On N'ovember 11 the real news of peace and victory came before the mar- IIX.L Ml?" the stock exchange decided to closo the exchange for thnt day. When the maruet opened tne next day the move ment of prices was disappointing to both speculators and Investors alike. Tho much-heralded peace boom failed to develop. Priced opened a shade higher but soon began to aag, This movement i continued for the remainder of the I mouth, with occasional rallies, but nt tho closo of November many Issues, especially Industrial shares, were sell ing at the lowest prices of tho year. William (Ilbbs McAdoo, on tho 22d, sent his resignation as Secretary of tho Treasury and Director-General .of Railroads to the President, to take effect as soon as his successor was ap pointed. DECEMBER Outlook for Jtallroads and Industrial ' Conditions Responsible .for Mar Let Depression The slock markets during the month qf December stnrted with a fair re- covery in prices following President Wil son's speech to Congress on'hls attitude toward the railway situation. In his speech the President stated that he h'd no plan 'to offer as regards the future of tho roads and that a solution of the problem wus' up to Congress. This caused an advance- In prices of these securities, hut the rise wns only short lived. On the 11th of the month Di rector General McAdoo -Issued ft state ment favoring Government operation and control of the roads for Ave years nfter peace, Thin was not .very well re ceived either In rnllroad or stock market circle., nnd tho nisrket for these shares begun to sag and some of the lowest Fhemonth, I . . prices of the year were scored during Tlie IniliUtrlnl shares nlso declined. due to the. uncertainty regarding the business outlook during the readjustment period. Conference were hed In both the steel 'and copper trades and lower prices forth first half of 1919 were an nounced In both trades. This hud a depressing 'Influnice on prices' and thee Issues nlso made low record? for the year In, many Instances. T:io Anaconda Copper. Company cut Its dividends from til to (1.1)0 tiuarterly. There was also a very severe drop In price of New York traction Issues on talk, of financial embarrassment of 'these companies If some relief were not forthcoming in the way of Increased furew. Many of theIs sues, both stuck and bonds, were soiling at receivership prices. (Transactions In bonds on the ex change established a new high record for nil time. Totn) sales amounted to 36t.S8S.flOO, Bales for December 27 amounted to $134,476,000. also. a. new dally record. This was brought about iv th 'enormoUs trading In Liberty (llond Issues, whloh made ntw low rec. oris in mojt invtanpei. The Oovernment report on the win ter wheat crop' for tha current season indicated a crop of 715,000,000 bushel, a high record for the , country If the crop Is .harvested without any mldhap. The 11118. revenue bill passed. the House nn naormber 23. tin ma sth nt tne .v.v r'itiv r.i:.- um., -..i rv.ti ..v: sailed .fpr.Kurop' to attt' the P0? CooCefenc, -?. . . t 1 1 n RANGE OF PHILADELPHIA STOCKS FOR 1918 Much Improvement Noted Over Previous Year, Willi Maximum lVues in Cases Being Made During Latter 1'art of Twelvemonth Aeine T l'u 1st pref Alllsncit ins Amrrlcnn os Co. of IS". J " American Mllllnir ' AmeMrnii Hallways pref Amerlean Btorts Co American .stores Co 1st pref midwln liocomotlvt Worki IlsMnrln. Locomotive Worlts pref IiiiKalo A Pui Corp Vot tr Uuttlo L suq Corp vot tr pref Cambria Iron Cambria Steel CatawlM.1 lt prf CatawlsRA "(1 nref Consollilntert traction of N J Ffj't Teiinsrlvsnla ulectrlo Storaa-o Battery Oeneral Asphalt General Aiphalt pref Huntliisdon A llroad Top . . . . Huntlnnlon & UtobcI Top pref Insurance Co of North America J O flrltl Co .1 O Hrlll Co pref Keystone Telephonn Keystone Telephono pref I.akn Superior Corporation l.ehlih NaMpjatlnn l.ehlsh Nnvisntloti Sil pref l.ehlsh Valley l.elilsli Valley Transit IrfhlKh Valley Transit pref I.lt Brothers Little Schuylkill Mldvale steel , Mlnehlll & Schuj 11,111 Haven North Penna Northern Central 1'enneylvanla Penna Bait .!fc Penn Traltlc Co riilla Company J'hlla Company pref fi per lent I'hlla Company pref 0 per cent l'hllft niectrle Co Thlla Oermantown A Norrlstown Philadelphia Itapld Transit Philadelphia llapltl Transit trui itfn.. . Philadelphia Traction Philadelphia Western Philadelphia & Western pref nallwnja Company (leneral Heading: , KeadlnK 1st pref Hsadlnr 2d pref Tonopah Mlnlnic Co of Nevada Tonopah Petmont Development United foi of New JerBey United lias Improvement V H Steel Corporation : X' H Sleel Corporation pref Vnton Traction. S17.R0 paid Warwltk Iron yteel West Jersey & Hcashore Westmoreland Coal , Wm Cramp 8ona' Kh. i: lln, lids;, tr ctfs. . Tdrk Hallways Vsrk Ilallwas, pref , TEN YEARS OF THE NATIONAL HANK SYSTEM The following tablo gives a romparlson of the principal Items of the returns of all national banks In tho United States, Issued by tho Controller of the Currency: r.onfl. securities Date. 11118 Auir. 31 No. of Loans and tianua discounts etc. .7728 10,403.1111(1,(100 Jl,flP3.(l7(l.(l0081,lln.343,finn 2.R7U.HII4,Ol)n J1O.4O.I.14U.O0O June a. . .10. May 10..7US8 Slar. 4.. 7070 1817 Dec. 31..70H2 Nov. '.'0.. 7(1.1(1 Sep. 11.. TDM June ai).. 7004 ray 1..738U Mar. ,',..7381 1010 Dec. a7..7!S84 Nov. 17..7H94 Sep. 12..7.1HU Juno 0(l..7.'i7l May 1..7.17R Mar. 7 f. 7580 1013- Dec. 31.. 7007 Nov. 10.. 7(117 Sep. 2., 7(113 Juno 23.. 7(1(13 May 1.. 7(104 Mar. 4.. 730V inn Dec. 31.. 7381 Sep. ia. .7MH June aa. .732.1 Mar. 4.. 7403 Jan, 13., 7)1)3 Oct. 21..73nn Aur, D..748N June 4.. 7473 Apr. 4.. 74411 Feb. 4..74a3 ma Nov II.. 7420 8ep. 4.. 73117 June 14.. 7372 Apr. 18.. 73.13 Feb. 20.. 7330 1011 Dec. r,..732S Sen. 1..7301 Juno 7.. 7277 Mar. 7 .7210 Jan. H. .7213 101O No. in.. 720 1 Hep. 1,. 717.1 June 311,. 7143 Mar. 20.. 7083 Jan. 31.. 7043 1000 Nov, IA. .700.1 Sep. 1.. 01177 June 23..(lf"n Apr. 24. .(181)3 Feb. 3.. 0387 11.(120.402.(1(10 1.74(1.845.000 11,21111.041, OOU 0,130.223,000 1,757.388.(100 1,813,310,000 1,870.(1117.000 l,l(l,7H2,0ni fl.SOO.RSn.OOO D.O.l.'i. 327,00(1 n.O.1.1, 248,000 8.S1H.312.000 H.7.11.47R.U00 8.712,802,000 B.34n,(12d,000 8,343.784.1100 7,K3!. 837,000 7,mn.i7,ooi) 7.(100.428.000 7,400,011,000 7.337.732.000 7.2H3.II21).0IH (1.73(1. (10.004 (1.B3II, 071, 4(12 (1,(143.887.031 U.400.004.0U3 B.317.n.1fl,510 (1,4110.707.38(1 (1,430,0(111.214 0,337.333,8118 0.173.404,11111 0,200,877.833 (l.ina, 333,323 (1,143,028.1:12 1,178.01111,3711 U.la.1.020,103 n.o3s.oi2.n20 (1.040,811.270 r,H33,OI'4,4.1t r.,HK2.1(IO.SII7 r.810,433,040 .-.3n,ino,82a r,.nn3.4ii,rt73 r..(IJ(l,838.787 r,.S38.038,030 3.102.0111.332 r,,43O.044,380 r,,4(17. 100,11.18 3,430.1,111,187 r.482,O!3.103 O.aaU, 303.473 r,.14R.787.3n3 3,128.882,3r,t 15,033.883,317 4,11118.1111.871) 4.810.700,388 1.8(13.1121.1101) 1, 843.047. ()( 1,8.1(1.1183.000 1.770,083,000 1.72.1,317.000 1.7U0.1)3(1,000 1,(124,(127.000 1,327.832.000 1.325.8(17.000 1,4(14,787,000 1,373.1411.000 1,343,822.000 1,2111,214,30.1 1.11)1.127.717 l,138,tll7,l)13 1,050,398.707 088,lr,7,5t0 l)41,7a:l.232 1,013.1)81,807 1,027. aan.oiio 1,020,41)4,711 l,n.i8,ntl.l2o 1.04l.422.273 1.030.387. 55 1,1)31.481.7)17 1,013,1143,884 1,030,1)42.004 1.030,1)80.552 1,0411 11111,58. 1,020.021). 707 1,028,1140.02.1 1,020.550.400 1.018,001,010 8U3.47.V.144 (130,1)45.033 884,153,702 1,09(1,071.331) ' 1.01)0,841.002 1.080,41)5.(188 1.081,131,232 1,073,800,320 1,000.411.408 1, 110,070.772 1,0110,(1011, 144 l,()81.7(ia.4S1 1.048,042,030 FOREIGN EXCHANGE BY WEEKS DURING 1918 The following table shows the highest nnd lowst rates by weeks for all of the Important Kuropean exchanges during J918. Tho high and low touched since the war began are nlso glvch. Comparison follows: Tondon Sterling 111th l.n'v Dreemlicr December December December Nivember November 28 21 14 7 . 30 23 4.7.11 I 4.7-1 n 4.73H 4.75ya 4,75J 4.7314 4.73A 4.7.1 4.7.1ft 4.75.', 4.75ft 4.73ft 4,73 ft 4.75 ft 4.73ft 4.73. 4.75ft 4.75W 4.75i 4.75(4 4.75fl0 4.75 4.75ft 4.75ft 4.75ft 4.75 ft 4.75ft 4.75ft 4.73V, 4.75VI 4.75. 4.75ft 4.75ft 4.7.1ft 4.73ft 4 75 ft 4.75ft 1.75 ft 4.75 4 75 ft 4.75Vi 4-75H 4.75U 4.75V1 4.75ft 4.T.1K 4 75' i 4.75V? 4.75 ft 4.73J1 4.75jj 4.754 4.T5A 4.75j 4.7R I.73IJ 4.73 4.75W 4.73V 4.75W 4.75 4.4.1K 4.73(1 4.73A 4.73A 4.731 4.70H 4.7011 4.7.1J 4,751, 4.7514 4,75 4.73, 4.7.11, 4.73, 4.73A 4.73 4.73W 4.73 4.75(5 4.75V? 4.7BV? 4.73', 4.WS 4.751, 4.73 4. 75 A 4.75 A 4.7.1W 4.75A 4.75A 4.75, 4.7.1 4,75K 4.71, 4.73; November 10 rsovember " November 2 . October 20 . . October m . . October 12 .. October 0 September 28 September 21 September 14 SePtsmb-r 7 August 31 . . August 24 . . Ausust 17 .. August 10 .. August 3 . . . July 27, July 20 .... July 13 July 0 June 20 . . . . June 22 June 15 . ... June 8 , , . . . June 1 May 25 , . . . . - IS .... Mav U May 4 April 27 .... April 20 April 13 .... April 0 .... March 80 ... Mnrrh 23 .. March 1(1 March 0 .... .Murcn . Februaiy February M".'. 10 .. February o February 2 January 20 January 1" January 12 4.75V4 4. 75' J 4.75'.J January 3 mry 5 4,TtV 4. id's llishest and lowest alnco wnr began 4,7.1ft r.oo I. 48 Copenhagen crown High I-ow Deremuer -8 December 21 December 14 Deeember 7 , November 30 November 23 November Id November 0 November 2 October 20 . . October 111 October 12 . v October S September 20, September 21 BrpKinber 14 September 7 Aurult 81 ... Autust 24 .., August 17 . . , August 10 . August 11 . . 1 .'July 27 .Tu y 20 July 18 July 0 , June 20 June 22 June 13 June 8 June 1 May 25 May 18 Mav 11 ao.nr, 27.10 2ii.no un.no 20.50 20,0(1 20,00 20.80 27.10 a7,2l 27,30 28.00 30.00 30,00 30.00 80.VO 80.40 80,1)0 81.tr, 31.50, 31.40 81,111 31.10 81.23 80,80 ro.sn 30.00 31.11) 31.10 8i.no 81.15 81.25 31.23 80.87 m 31.2K St, 111) 85,110 .11.31) 80,23 80.311 30.30 20.85 an. so an. 7.1 ait.4o 211,411 20,50 ao.R.i 2)1.00 20.70 27.11) a7.ai) a7.4(i as. no 20.80 20.70 20.01) ao.ar. 80,70 81.1)0 15, .10 .(II) 110,80 01.20 30.70 30.(10 30.80 30.81) ati.no HO. 81) 80,85 111.00 311.75 80,(12: 311.50 30.75 30.35 30.5(1 80.7.1 80.110 an.no ill. 33 20. 8.1 H 11.2(1 ao.ar. 80.25 no. no ao.nn 3(1,50 1(11.25 May 4 Aur Apr 211 ... Apr IS ... Apr 0 . . . March so .. March S . . Manli 10 . March 0 . . March .' February 23 February 10 Ksbruary 0 February U January 30 January 10 80,75 81.00 31.1)0 81.00 110,75 81. 0(1 31.30 80,011 30.50 January t ja),uary JK.t and lowest $fa3! Liverpool Cotlon Liverpool, Pec, 31. Spot cotton, was nulet today, with prices uiichansje on the biu of 2t.67d for miudiiur.- old contrast. 'I'lie. sales were ioq j,m, T)v feM.ptiK-'';" .i00Ultl,i,liilue- M0!l Low II AUS, (i 1(1 Ml I" 1 r.s an tin 3S'. 04 r.s . 411 3I1U lla "'., 43'i nits n.i 4 14'i 47 Ian, Aus Keb. Oct. Mar. Nov, Jan. Jan. Jan. Jan. Oct. Jan. Oct. May Jan. April Mar. Mav Jan. Jan. 17 1 a l.l'i re Jan. Jan. Deo. Aur. Xept. Jan, Jan, Jan. Jan. ia (14 iit; it 14 :' Jan. ' Dec. j'"i A tie. 42 Nov. tv Nov so Kel. 17 Kept. 4.1U June si 3 I 27 8 27 HI I -.'. I so. uct. ," ?,'? I 7 , I a Mar. April Juno April Juna Juno July Mar. Kept. -May Mar. .Mav Jan. Jeh. aiu a.i an a 1 its k n.yi III' 2 11 n, 3 1 1 1 2n 1 12 I 2.1 11 I It 1 10 1 .; 1 ..- ' ?!S (I.'.W Jan. 31 22 2 .4 mi's HII'. Il'll', M',4 71 V4 July Sept. Aiu. Oct Mar. Jan. AUR. April May Mar. Jan. July Feb. :t Due to other national I.anful Individual reene nnnm depnMta i,niu.on.iuu 2.71111.501.000 10,181,730,0(10 1.03(1,244,(111(1 1,81)1.708,000 1,0(11,130,000 1,883.711.(100 2.882.0111,(100 3.207.U07.000 0.1110,517.000 3.10.1,2114,1101) lu.tan. 4:1:1, "on 10,434.823.000 10.734,077.000 10,338,818.000 ll.U7.1..VJ.IM)ll 0.521,048.1101) II, mill, 431), 000 (1,273, 700.OUU 0.003.(112.00(1 II. 180.134. (ion 8,443,(1411,0(11) 8,143,048,000 8.1:1(1.018,01)1) 7.710.370,000 1. .1:i!1.711. (100 3,()44.ili:i,(00 3,(114.333.1100 .1.370, 5.18, 00(1 3,(173,384.000 8.248.020.000 .1.33I).I128.0(M) 2.1)1)8,512.000 2.7(12,7511,000 a.llNA. 1)50, llllll :i.ono,23D,ooo 2.727.108.000 a.7(l!).)l.13.871 a. 430, (107. 1181 2,201.710.024 2.22(1.30(1,(11)4 2.248.738,302 1.8(10.722.710 1.0411. 808. 0211 2.185.1)02.(130 2.472.441.4111 2.21U,502,3t)2 2.181,030,240 2. 1118,5511.410 2. 120.5.11. .170 2.2()2.343,537 2.310,500,2UO 2.101.805,783 2.177.488.003 2.178.a.l3.417 2.148.217,824 2.381.214,432 2.085.10(1.327 2.088, 187,'4t a. 117,4411,1107 .2.224.7111.270 1. H01.188.14U 070,040,308 11(17.21111,8111 11311.535.408 1,012.4114.220 1.003. 503.403 001,384.008 I. Oil. 304,1117 1.020,844,2311 1. 0.18. .V'4. 770 1.008.1173,783 1,482.317.(1111) 1,321,321.(1(1(1 1,501,11)1.000 1,403.443,(100 1,437,313.000 1,31111.151,(11)11 1,124.10(1.1111(1 1,107.01(1.0(10 1,104,808,000 1,211.804,000 1,212.110(1,(810 1,138.1118.(101) 1,102.430,000 1,II23.0U2,IMIII 1. OOU. 11:1,(100 7.041. 231), 000 7.44ll,n.VM7 0,702.182.71.1 0,011.281,821 0,0111. 581. 853 ' 0,31b.8UO,100 0.340.3I1J.240 (1,1811,(181.270 0,2(l8,llia,42ll 11,111,328,457 0,072.001,752 0.031,080.087 5.70l.33M,7:(l 5.1)5:1.4111.551 5,008,787,045 0,085, 432, 205 5,044.5(11.000 5. 8n 1.(17(1. 007 5,825,4(11.10.1 5.712.051.088 0,030.330, 231 5.530.041,281 5,48l),lll5,lllt 5.477. IM11.15S 3.304.1121. mil 5.113.221.818 5.804.788.30(1 3.145.0.18. .1118 5.287.21(1,312 5.227.851.5.1(1 5.100,833,210 5,120.442.003 5, 000, 803. (ISO 4,81)8,57(1.(1011 4,820,1)1111.384 4.0UO.U82.U42 (131, MH, 000 11(13,7011.348 P0D.flT4.D02 008,(107.11(1 001.010,420 880,032,4.11 8lll),lll:i,474 013.1)82.(140 888.384.733 033.417,231 Amaterdnm Home (luildcra I.lro 1IIo-i lll-h TrfiW 42V4 42 42. 42'i 42V4 4l 41J. 414 4I4 4214 43 45V4 47Va 48 48 481b 511 50"i 51V? 52 v; 52C 5t 01 S 51 (J 31 501 .1014 51 51 U 50V4 40J 5() 5(H HVi 4"S 40(j 431; ,441. '4.1 44 tai; 48(y 4314 41j 44,f 41' 41' 4114 41Vi 4"il 42 " 43 Vi 40 471 47S 40i 47 5014 30 501, 51VI 81 5 Hi 50i 50 50 now r.o 40V B 4814 48 47V4 47. 4014 40,' 40 40 431 411 445 4414 H' 43 48i 43 42!s 43 13 II 311 0.3.1 0 30 0.811 11.30 0.H0 (1 M (1.3(1 0.30 0.811 0 8(1 0.30 H 3(1 0 8.1 II 38 7.30 o.an 0.80 7.30VS 7.80(; 7.88(4 a.oi 8.01 8.81 8.81 8.81 8.811 8.1)1) 8.87 0.10 0.11 0.04 o.nt 8 1)7 8.07 8, an 8.87V1 8.8(1 8.7IHI 8.77 8.00 7,nr, 8.71 8.72 8.1111 8 on 8.0.1 8.48 8.41 8.37 8.37 8.37 (137 n.:iii 0.87 (1.37 11.37 0.37 0.37 o..in& 0.37 (1.87 II. .17 0.37 II 37 11.3(1 (1.87 7.37 0.30 7.51 7.51 7.1)0 Vi 7.0Ul 8.01 8.51 H.R1 8.81 8. HI 8. 112 8.112 0.11 0.11 0.15V4 0.1 1) 0.07 I). 03 0.03 8. nan 8.01 8.0.1 8.85 8.83 8.08 8.02 8.1)7(4 8.85 8.77 8 (10 8.114 8.11(1 8.4.8 8.4.1 8.4K ' 8.4414 5.47"; r,.47',5 5.47 i 3.73: 5.7l(I rt.7il 3.71 K 5,70 r..7Ui 5.71 .l.fl'lli 5.71 5.7154 n.71'4 5.721s 5.72 .1.7811 5.72! 5.71U 5.72(5 5.72 3.72U 5.72 It 71t! 3:75.5 3.72', bii follow! .1.00 n no's B2. a.o'4 4. on n 1114 JladrlO Xurlcb Storkholm , 4 esetaa Frnncs lllah Low II lib Low (-Town High I.oxr 20,03 20:05 20.10 10.1)0 20.05 20.10 20.0.1 20,30 ao.no ai.03 21,35 21.70 22.00 22.80 aa.or, 28.20 23.23 28,00 2f, (II) aii.sr, .an.no 27.10 27.85 S'f.Bll 27 30 87,110 a7.7n a 8. 85 28.43 28.45 28.25 iU.011 28,00 28.00 28.00 -8.25 2n7IS 2725 JO ?5.nn jB.r,o V,i no i4 12 f 1.1 ! 4 1.1 4 10 i -o 4 '0 in.n.i in mi iD.no id. 7,1 111.1)3 in.no 111.30 20.110 20.40 20,70 21.20 ao.aii 21.30 22.70 22.110 22.03 28.10 28.10 2.1.40 24.40 20.23 20.35 20.(12 27.4(1 27.50 27.40 27.80 27.80. 28.85 28.30 28.110 27.75 27,7.1 27.5U 27.30 27.00 28.30 20.33 23.55 a.1,80 4.80 4.RI1 4.83 4.04 4.03 4.00 4,07 5.02 3.08 5.00 B.nn 3.02 5.08 4.70 m 4.31 4,52 4.48 4.30 4,21 f.ai 3.115 .1.03 20.50 20.51) 20.1(1 28.80 28.20 27,73 27.30 28.20 20,01) 2(1.20 an, iio 81,40 83.40 3.1.20 83.41) 33.10 83.31) 31.70 3.1.25 8.1.25 33.80 83.40 20.23 20.11) 28.11(1 28.20 27.00 27.60 27. an "'BO 28.30 20,00 20,00 81.00 SI. 50 .1.1. (10 32.00 n.i. on na.Bo .14 (ID iu.nn 35.87 36.80 85,30 33,2,1 86,011 114.00 84.80 .14.11(1 84.00 .'13.00 88.00 .1.1,80 H 1.2,1 84.00 83,60 08. 60 83.25 33,30 88.60 88.60 81I.IUI .12.73 81.3,1 31.2.1 01.30 82.30 82.60 82,60 82. 88.0(1 82,7.1 82.01) 82.00 4.00 4.02 4.03 4.08 S.02 5.02 4.1)8 4.03 4,88 4.01) 4.52 4.44 4.41 4.3(1 4.30 4.21 4.04 3.00 .1.0.1 3.0.1 :i.()4Vi a.034 3.00 8.01) U.02 11.0(1 Vi 3.117 11.07 4.04 3. 85 a.04 4,10 4.24 4.20 4.27 4.27 4.20 4.33 4.34 4,42 4-47 4.48 4.411 4.50 4. til 4.48 4.02 4 42 4.44 4.88 a. nil a.i.no 0.08W 8.1.25 4.00 85.20 4.00 35,10 4.110 3.00 4.01 4.04 4.00 4.11 4.15 4.22 4.20 4.27 m 4,81 4,88 HO, (1(1 n. 40 n 14.11) 4.20 8 84. M 84.02 34.30 88.(12 33.75 8.1.80 3.1.75 114,00 34.30 38.30 4.4314 84.23 4.40 hi. no 4.4D 24,18 25,80 24.15 24.00 S:! H'Ji! i:S!J" 8.00 88,00 4,r,2U 8,i!oo 4.34 88.00 4.6 83.25 83,60 38,30 82.60 83,30 4.40 4.48 4,32 4.42 ?4 12 5 . 24 12 2. g x sa 0.85 E.4S 47,00 23 00 Ing 43,200 bales American, Futures wero Quiet li the 'early dealings. Spot prices wero: American, middling fair, t2.ISdt good middling, 22.20(3 1 middling, :i.57di low middling. 0,t3dj good ur dlnsrjr, Uil, wi JwWrnuy-, JMyd., ,- into .""., Au- " lull Jan. 4 no Jan. a 11U Auk. l:t en Mar. ! JS Mar. 7 lia., Oct. 2.'f lonH May is 104 tec. 70 Uec. It: r7 Dec. la Vi Jan. 7 lail Jan. 1J 411 Oct. SB 4'J 1 ?lac ill 07 Mar. 2ii M April an 67 Oct. in ami Dec. in 78 Beo. O in Jan. t: 17 Jan. 7 :i:'.s July H 27 July 1 7U Mar. -O 12., Nov. is r.1?i Jan. I) Jl'i July 1H nty Nov. ia 4114 Jan. a r,W Nov. ia ao Jan. is a7 July a4 nilVj June H 4S April in MHi .May 111 M Nov, 1 t .-. Teb. r. 70, Dec. 1 I BOVi Nov. 7 011)4 Mar. r:t. Mar. 10 .13 Oct. a .in oet. a." :i7'i Nov. 1 a7U Nov. la lai April a4 aH Jan. an mi Jan. a 1 7'.",i Nov. a7 8 April a 3' Mar. HI May s MH tct. a:i 3!4 Nov. 1 I 3S June 11) 4 Jan. 4 :i'i Mar. 14 103 Keb. 8 77H Nov. la lllIVs Aug. as naj Oct. in IIYm Jan. .. Sfs Mr. as Id Dec. n 77 June 111 )2, Nov. II! Feb. Ill .1.1 Jan. 4 850.nna.787 8i).i,n.in,ii8l 811,1.202.001 i)3i,(isi),ioa 050.407.308 802,704,100 811.1,473,40(1 040,381,1111) nns,osa.)i27 830.20;,337 840,510,143 881.800,24.1 8.13.733,1135 807.8811.338 803,572.231 804,000,73.1 834.001,837 88.1.1113.771 878.557,0(18 8J0,UO,883 I ENGLAND'S "CURRENCY NOTES" Fluctuations of the Outstanding! Emergency Currency The subjoined table contains eai'H weekly statement during 1918 up to tho latest dato nt which mall wns receded, of tho Urttlsh "currency notes" out standing under tlio War lOmergen'oy act and of the gold held as reserve against the notes; also giving thn ratio of gold reserve to notes each week, and tho (loiernment securities nnd bal ances at the bank set aside for re demption purposes. Comparison Is also mado with other weeks In 1817, 1010, and l!i5. The lust three figures mo omitted and arc brought down to tho latest ninll date: Hal. Coin lutlo 1918 Note, (Jov at llnnk nd to outsldg. hvcur. of ICnir bul'n.notce. N'ov. 20 1203, 100 274,057 t4. 501 28.500 0.7 Nov No 13 2U3,7!)0 273.031 4.781) 28.500 11.7 (I 8(1 23 111 II 2011.023 2011,000 5.280 28.300 0.8 287,380 250,(1511 4 807 28,300 0.1) 283,330 201,100 5,050 28.500 10.0 28,1.771 202,100 5,401 28,500 10.1 282.223 204.100 4.030 28,500 10.1 278.888 200,71)4 11.1110 28.BU0 10.2 275.10S 253,113 5.00 28,500 10.1 273.077 251.072 4.1)83 28.300 10.4 271.028 210.372 3.(1,15 28,5110 10.5 270.332 218.822 3.000 28.51)0 10.3 207,844 243,8.13 B.OIKI 28,300 10.7 207.005 244,358 5,070 28.5U0 10 7 200.307 243,822 5.301 28,300 10.7 203.1)84 213,838 4,88(1 28.500 10.7 203,200 240.838 5.003 28,500 10.8 200.405 237.838 3. 3111) 28.300 10.0 200.030 238,302 5.180 28.500 10.11 238.011 230.302 5,130 28.500 11.0 250,227 233.204 5,303 2S.30II111 252.012 220.781 5.822 28.30(1 11.3 2.10.007 227.230 4.1123 28,500 11 4 240,225 220.230 3,081 28.3(10 115 2I8.0II5 223,231) 3,101 28,500 11.5 247.7110 221.230 4.043 28,500 11.5 247.1115 223.231 5,242 28.500 11 5 244.2(12 220,254 3.100 28.300 11.7 241.004 210.83U 5,424 28.300 118 238.057 213.830 3.477 28.300 12.0 23.1.1110 21(1.830 5(1111 28,50(112 1 233.080 2(18.808 B.2SI 38.300 12 2 Oct. Oct. Oct. oct, Oct. Sep. Sep Sep. Hep, Ausr. 18 11 I 28 Aue. 21 Au. 14 Au. 7 July July July July July 31 24 17 30 3 June 20 Juno 10 June 12 Juno 5 May 20 Ma" I Mav 1 Apr. Apr. Apr Apr. Mar. Mar. Mnr. Mar. Feb. Feb. Feb. Feb. Jan, Jan. Jan. Jan. 232,372 208,808 4,500 28. ,10(1 12 '. 2.10.8.11 200.30.1 5.1,10 28.3110 12.3 228.141) 202.833 5,707 28,50(112 5 223.1)22 108.303 0.02(1 28.300 12 7 223,310 108,303 5.421 28,300 12.8 220,1181) 111.1.802 5,304 28,501) 12.0 218.401) 111.1,112,1 5,(107 28.500 13.1 210.134 101.031 5.4011 28.600 13.2 215,1113 11)0.0211 3.4113 28.500 13.2 213.3711 188.020 8.S10 28 .100 13 211,083 187.01(1 .... 28.500 13.5 210.112 185,108 . . . 28,501)13.0 210,741 18.1,1128 . .. 28,301113 5 211.830 187.128 . .. 28,300 13.5 212,450 187.02S .. . 28.500 13.1 Jan 1017 t)ec. I Nov, Oct. : Sep. i 107.454 1M,0!4 180:740 174.550 108,341 103, 1'Sl 158.828 154.3117 130.040 171,17.1 1(13,02(1 134.001 147. Mill 141.300 130.2110 120.013 122.037 113,683 110.775 114.830 118.007 10.1,208 105,807 101.200 07.1171 112.7(11 ' 01.730 5,010 3.613 5,511.1 5.II8II 3.138 5.301 3,332 6,883 7.875 11.048 (1.723 5.0'.)7 0.028 8,41)8 5,827 11.21 I 8.583 5.30.1 7.12.1 5.847 11,058 7.007 0.375 28.500 14 4 28.500 15 I) 28.600 15.8 28,300 10.3 28,300 1)1.0 28.300 17.4 28,500 17.11 28.500 18.3 28.300 18.0 28.300 111.8 28,5110 10 0 28.500 10.2 28.300 20 0 28,5110 20.8 28,80(1 21.5 28,3011 21.8 28,50(1 22 4 28,'80l) 23.1 28,500 28.8 28.500 24.4 28.300 20.0 28.30(1 28.2 28,600 28.0 28.300 a7.7 Aug. July June May Apr. Mar. Feb, Jan. 148,037 145,032 118,770 138.508 137.118 132.00K 130.430 127.(174 123.817 110,880 11110 De. No. Oct. Sep. Aug July June Mn Apr. Mar. Feb. 8.1.080 83.07(1 75,718 0,1.202 117.150 100.437 100,407 118, 8311 103.040 01.01.1 84.8.15 7.1.230 67.747 40,7211 48,11.111 43.000 42.01)8 411.787 37,00:1 33.820 38,478 31.134 31.300 28. HIS 27.113 21.330 (14,357 04,020 10,4(17 101 Dec. Nov. Oct. Sep, Auk. July 54.020 0.023 44.02(1 11.730 211.4110 20.280 14.585 13.284 11,583 7.437 11.685 10.137 0.585 7,707 28,500 31.0 28,800 33.il ?h. ano 37 7 28,500 411, :i 28.500 01.0, 28.600 60,3 28,6110 03.4 27,500 (14.0 27.300 07.4 27.5110 74.1 23,300 03.0 Juno 2 May 5 Apr. 7 Mar. 8 Feb. 3 30 Nov. 25 Oct. 28 Sep. 30 Sep. I) Aug. 20 8:023 0,730 4,303 4,404 1.237 8.023 5.0110 10.1123 0,023 13.023 13.1123 111.H23 0,285 3.771 5,778 0.103 7.802 11,42a 18.600 48.1 13.600 30.(1 0,600 80.3 4.600 15.K 3,000 11 I 10.023 MONTHLY FOREIGN TRADE Record of Oversea Commerce of the United State The Government's returns of merchan dise exports nnd imports of tho United States in 1918 mado tlio following con trast with 1917 and 191C, the returns of December this vcur being estimated: EXPORTS mis 1017 11110 Jan. . Feb. Mar Apr. . May . Juno . Julv . Aug. Sept Oct. . No Dec.t .I:,().1.2N2..13S013 821 62380,n.1ll,410 4 11. 801. 1)70 407.018.4(1(1 401.783.1)74 622 1100,238 653.1183 mill 410,712.034 '. 3011.442,110(1 6211.927.816 308.5(18,532 . 33(1.024.701 540,(173.545 474.803,087 483 7P0.8nil 673.407. 780 4(14.083,960 ,' 507.4)17.700 872.738.414 444.713,081 . 527.(101.010 488.033.5n7 31(1,1117.438 . 330.834.204 4.11.30(1.004 514.(124,134 . 503,000.105 642,101.110 4n2.8i:i.11S ...... 488,103,185 510,107.324 B88.S74.D38 023,233,780 Totals: $5,083,405,102 Jfl.223.118.037 iMroirrs 1,1.382.031.101 Jan Fell Mar. Apr. , May . June , July . Aug . Sept. Oct. . Nov Dcc.t .. 12.13.042.081 J241, 703, 2S2$184.r.30,942 207,715,640 mil. 47D.OOI1 103,11.15.117 .. a4a.Ki2.ni7 270.2.17.139 2i3..i8ii,785 . . 278,081,327 2.13. 1131. Illlll 218,280,Jn7 322.832.808 280,727.104 220.188.n37 ". 2nil,830,li7180(l,(l22,(inn 243,705.438 . 241.4fli.fl.17 S2."i,l)2fl,.1.12 182.722.038 . . 272.1108.374 207.834,707 lm81ll,4SO . . 202.257,387 210,10(1.898 1(14.038.014 240.700.B80 221.227.405 178. 018,730 ...... 220.634,630 170.007,740 ; 227.0OII.4O7 204.834.188 Totals: 2.309.488,018 tKstlmaled. (2.052.405.035 ,2.303.035.335 During a scries or caienunr years mis merchandise trado compares as follons (000 omitted) : llxports Import 1 2.11.12. 103 2.3115.035 1,778.005 1.789.022 1,702.5111 1.818.1173 1.382.3.111 1.6112,1104 1.475.620 1,110.374 1.4:3.1lin 1,820.601 1.170.141 1.1135. Illlll 110.1.191 (101). 3111 880.419 S -Ml, Ull 7D8.II7 1184. n(l4 742,5n5 0M.579 801.11011 821.8117 587.808 iinn,sn7 603,102 401.122 xcess exp. II. 2 70. (132 3,187.015 1,772.300 325,235 1101,421 .-iKl.144 500.107 1017., 1910., 11115.. 1011. Illlll IIH'.".. 1011.. 11)10 . 19011. 1(108 1907 lnno tni3 mo 1. 1003. 1002. liini. inon lsnn. 18(18. 181)7 181' (1. 1805. 18110. 1885. 1880. 1876. 1870. 11.22:1. .118 5.582.051 .1,530.015 2.114.257 2.484.018 2.39r,217 2.01)2.320 1,811(1.258 1,728.1118 1,732.835 1.023.420 1.708,243 1.(I20,I'90 1.451.118 1.484.763 1 ,300.085 1,40.1,373 1.477,010 1.273.487 1,255.640 1, (HID. 70ft l,ni)3.837 824.800 857.502 ns8,24l 889,flS:i 510,n47 403,38(1 803.314 233,1177 md jni r.on.2.in 477.741 447.8411 416.400 4811,258 301.300 KO 4 tKK l!18'.7081887 470.6011 1880 iian.nsi 8,17, nir 824,237 23.1110 34.101 100,381 , 102,878 I 7.781 37.640 lines' of Imports. RAILWAY EARNINGS FOR 1918 How Gross nnil Net Revenues llnvc Vnrieil Railway earnings In tho Vnlted States for a serieB of months past make the following comparisons with tho corre sponding months In the nroilom year. the compilations being inose or tne j'i nanclal Chronicle: dross Kurnlnca Oct. 1018 1017. June 4:i(i:i.8(Hi..17n 34ii.ililo.Si 1878242,1(11 843;nn4,288.j. 37(11114,7211 11)11.328,401 1- 33,887.8(0 m. 2811,238 aiay, Aorl Mar F.V Jan, Dec. Nov unn.nis 47ii 1117.14n.807 2(lll,6ni),0()0 207.71)5.207 127(1 730,730 2l3.4llil.H30 I t017 Illlll 1343. 87n, 032 1317.880,880 ) 300.002.052 330,737. 14T 1 4h. (ir.'.niiu 32,703,(103 55.200.304 I2ii,n38,nnn 33,304,003 Net Kurnlnss After Taxes Oct. (ma 1017 Cbanasa (3.1110,550 24,312,768 8t, 4(1(1,131 80,030,253 Kept 1117,470,021 (114,28(1,071 ', 142 423 11H 118.114.800 ( , 144 348,083 ill),882,n.1l t Aur July Juna )B8 0.10.00.1 1ift.111n1.11iH- way. April fa.- J,an, TTll,uin,i,j4 474,822,078 l....nanH .. 02,775,128 77,44(),()76 13.7011,187 74,822,078 7T,44o,()T6 2,(11T,I 117,808.870 78,881,nSfl (1,573,2 4'410.j'O 4,8(11fll8-. 04iB4i t4W,4H 71,887,313 ?10870 -ion. loio. . OUT 2nn 400 050 Dan H), . (85, 71B,T27 IOa, 320,028 - 117.804. 801 "r. PO'-lt210, "7,103,023 'S0 8(fl.l00 riafloit. ttCarnlnss from Jammrv U i,,V. Nov, y&'&tE&SSS? ,", Wv,(v t"- RECORDS IN STOCK SALES Maximum and Minimum Totals! in New York Since 1900 In connection with tho 191 S volume of liadlng1 on the stock eitchnngo the fol lowing tablo has been compiled, show ing how tho maximum nnd minimum lt'cotds of monthly stock exchange sales for a number of yenrs have con trasted. Tho tablo gives a twenty-four-Jeur comparison for stocks, tho months in which tho records were established being glicn with the records: Stock sales Maximum Minimum 1017 10.420.404, Mar 11.34(1.80.1. Aug HMO HI.OUO.OAO, Nov, K.400,800, July 1015 20,214,105, Oct. 4.102.010, Jan. 1014... . 10,338,373, Jan. 1.808.134. Pec. 1013 11.043,08(1, June !1. 723,880, Nov. 1012... . 13.833,402, Apr. 7.164.1BO, Jul 1011 . . 18,000.000. Sept. 5.200.000, Apr. 1010. . . 24,401,(100. Jan 7,(Hiil,(iuo, Sep. 11100... . 24,037,000, Aug. 12.337.000, Sep 1008 24.000.000. Nov. 0.032.000, June 1007.. .. 32,20.8,000, Mar, 0,007,000, Nov. 1000.. . 38,612,000. Jan lu. 400.000, Nov. 1005. ..31.528.000, Dec. 12.370,000, June 11)04... . 82.374,000, Oet. 4. 072, 000, June 1003.. . 13,300,000, Juno 10,780.000, Nov. Ulna 20.3(17,000. Apr. 7.8J4.000, June 1D0I . .. 12.148,000, Apr. 10.772,000, Aug. 1D00 23.411.000, Dec. 4.020,034. Aug. 18111). .. 24.832.000, Jan. . 3.387.000, July 18118 .. . 15,283,000, Dec. 4.701,000, Jul) 1807 18,142,000, Kept. 2,803,000, Feb, 1MI0. .. 5,800,000, No(. 2.700,000, May 1805. .. 8.032,000. May 3.024.000. Feb. In tho samo way the records of bond Bales havo compared for nineteen yenrs; Maximum Minimum 1017.. 1011!.. 1013. 1011 inn.. 1012.. 1011.. inio . 10011 . 1008 . 10(17 11X111. . iniir,. nun . 11103 . 10112 nun ..12.1.0.11,000, Jan . .115,(177. 000, Oct .124.420.000, No . 88,788.000. Jan. . . 54,64.8.000, Jon. . .10D.2ni.O0O, Jan. . 02.273.000, Jan. . 80,32(1,000. Jan . .138.042.000, Api . .103.707,000, Dei . 0!).842,OI)0, Nov. . 103,511,8,000, .Tun . 13(1,71)2,1100, Juu, .214,740,000, No . . 00,2811.000, Jnit . 115.337.000, Apr 1211,538,(100, Mm 100.452,000, Dec 03,30,1.000 June 07,270,000, July 45,877,000, Feb. ' .14,8(1(1,000, Dec 20.530,000, Aug. i 38,613,000, Nov. i 47.840.1)00. Aug 31.307.000. Aue. 85. 032. OHO. Mar. 50.0.17, 000, Feb. I 20,125.000. July I 30,080,000. July 08,142.000. Jul 3.1.700.00(1, Feb. 211,4(1(1.001), Sep 50.014. 000, Nov 30,(105.000, Aug. I 18.428,001). Sep. j ! 100(1 THE COUNTRY'S IRON OUTPUT How Production in Unitcil States Una Moved Durinp 1918 Output of Iron In the Tinted States during tho last year is shown in the fol lowing table, which gives the Iron Ago returns for each month, comparison be ing mado with 1017 and 1910 and figures representing gross tons: 1018 .3.30(1,000 . 3,354.071 . 3.480,1141 . 8,418,270 . .1.380,585 . .1,420,1188 . .1,323.7111 . 3.440.412 . 3,288.211 . .'t.'-'lS.OIll . 2,3111.801) . a.411.708 1017 2.882.1110 3.203.71)1 .1.803.(138 3. 183. 115 I 3.247.047 3.842,438 8.270,055 3,417.340 3.3.14. noo .'1.251.352 2.II4B 247 0,130.038 December Novemhcr October . . September. August . . July Juna . May . . April March ... Fbru.ir . January . . Tniaia . 1010 3,178,047 .1,311,811 3.508,840 3,202.800 3.203,71.1 S. 224, 313 8,211.688 3,8111.078 .1.227.708 :i.887,nm .1,087,212 3.185.121 38,370,030 88.18.1.882 .10 oar. n-7 ofS!?J!!,i!.Ti?tm ,f tl18 awajre dally rate of production, In gross tons, is as fol lows 1018 .10(1.(100 1017 loin mis Dclnlir 02.007 102.203 103.033 November. H?,"'.!!-! "m.8.1II llii.'siM ini.'244 J!;'4;,2 100.350 Ua.lNI) 100.822 "ciuuer . . "Member 05,083 Rn.noo ' J? '2i'. ,n4'":: ma .140 ' IIU'S'1' 107.820 101.017 . ll().7n:l 100,(1112 107 033 . 111.173 11(1,238 108,422 . 100, 11(17 111.103 KI7.BII2 . 103.1148 104,803 IDT (1117 ii-i!"i 04,478 100.45(1 77,7n0 101.043 102,340 H2.(im 711.301 73.1)13 70.350 110.375 60.813 61,051) Estimated. COUNTRY'S TRADE IN GOLD Monthly Record of Last Twelve Months Movement Kxp&rla and Imports of gold from and Into the United States during 1918 hae been ns follows, compared with ono and two years before: UxroitTS 1018 J3.740.24 I 11117 t20.7lll.Rna 22.008,0311 17,01(1,(101 1(1.003,210 57.0117,410 07.104,208 On.032.357 4n.oin.,ion St. 882,3110 11.164,1)74 7,223,1(10 4,838,130 mm (10,313,51" 13,084,007 10,774.3.14 11.302,1111(1 11.1118,607 8.312,023 II. .10.1, 0.13 11.780,120 . 840.141 7.0.13.084 211.833,(102 27.078,710 Jan . . Feb . . March . April... May... June. , . July. . . August. Sept... Oct.. . Nov. . . . Dec 3,081.(100 2.80n.3.1l) .1,600,084 3.608,040 2.704.102 7.10D.221 3.277.134 2.283. 02n 2.178.141) TotaI.l3U.44l.2.-8 1871,883.884 1135,702,027 IMPORTS Jan . . . Feb March.. April.. May... June. . . July . AugUht. Sept.. . Oct SI. 4114.2.11 2.540,108 1.012.302 2.74.1.727 11,020.370 31.802.021 2,213,312 1.634,838 2.010,830 1.470,230 158,027,2.18 (16,008,232 n.lllfl.ooo 11,770.430 (1.121,788 27,821.04.1 122.734,730 1)2,107,(105 41.288,710 02.502,247 07,808,873 103.70n.4n.'; 13ll.4n8.3llll 32.372,4.15 52.202.IIOO 01.380,051 27,30:1,708 18.on2.12l) 4,171.33.1 4.14D.582 Total. 37,073,303 J337.8.15.374 (083,000.234 During a series of years tho outflow and Inflow of tlio metal havo been as follows : 1017 371.883,884 537.855.374 Imp. 111.1,071,400 1010 163,702,1127 1183,000,284' Imp. 530.1117,307 1013 ,11.425,018 431,034,5110 Imp. 420,528, 72 1014 222.010,150 57,887,741 F.XP. 1)15.228,415 11113 111.708,011) 03,704,833 Kxp. 28.003,773 (10,548,772 Imp. 10,123.030 57,443.181 Imp. 20.202,110 50.222,518 Imp. 447,005 44.08ll.nil0 l:xn. 88. 7II3.83.1 J0J2 47,424.842 1 KMil rtB 774 M-V inoii 132.8H0.821 (108 81.215,43(1 50.24ll.0nn i:xn. .1(1.000,357 1007 63.215. nil 14S.3n8,()72 Imp. 88,182, 3nl lnno 411.7nn.iBN 153,3711,880 imp. 108,870.222 1110,1 4l).7H4,4li7 50,2118,40.1 Imp. .'1.4IIX.H3K 1004 121.211.827 84,803,234 Kxp. 30,408.308 11103 .11,3411.834 05,207.090 Imp. 2O.H20.802 111(1 311.080,3111 44,1113,317 Imp 8,102,720 37.788.(1311 34.701.880 V.xu. 3.022.0.111 ,11)01 1 inoo lanii '1808 54,184.(12:1 011.740.084 Imp 12.014,401 I 43,370.411 61,334.0114 Imp. 3,033.353 1 10,1114.544 138,in3,H.12 Imp. 1 II .IIIIS.ODK .'11.270,4111 34,022,812 Kxp 238.380 58.2311.801) 101,781.2.111 Imp. 10.474, 80n I .'?-'! JESsl lain) 1 I 1MI7 (14.1105.028 22.538,730 Kxp 72.(1(10.287 1804 101,840,735 21,830,007 Kxp. 80.440,128 181)3 Tn.TS.i.T-n in, 2u,njo r.xp. u.ii.),ini 1811: 71), 045, a:: J. Ill.l.uo'i r.xp. im,anu,.ii i 77.(1113,110.1 43,2(1.1.377 Kxp 83.8811,088 24,011.1,101 20,870,430 Kxp. 8.083,032 60,085,412 12.001,231) Kxp. 38,873,802 , 81,520,417 It, 034.074 Kxp. 28.40.',373 1), 144. 420 44,11113,327 Imp 35. 738.001 41,283,222 41.800,8113 Imp 20.018' 1801 , 1800 1880 ,1888 Estimated. RANGE 1 OR CALL MONEY The following table gives the high and low rateB touched by weeks, during 1918, for call money, 1917, and 1916: Ion. 1018 KiiT nio W'k. eiul Illlll. . .3 Lou (v IIlEh. Low.II'ah. Low Dec. Dec. Deo Nov. Nov. Nov. Nov. Nov. Oct. Oct. Oct. Oct, Sept. Sept. Sept, Sept. Auk, Aug-, Au. Au. Auk. July July July July Juno Juno juna June Juno May May May May April April April 174 " It 30 2.1 10 0 20 10 13 n . 28 . 21 14 31 31 IT 10 3 37 30 13 II ..II . II ..0. . . ..(I ..0 ..0 ..0 . .(1 . .0 . .0 . .11 .. ..0 .. ..0 . .(I . .(I ..0 . .11 ..II ..II .11 ..II ..5 ..(I ..0 ..A ..(I ..0 ..0 ..A . .(1 I) 5 II Brj 4 4 4), 4 4'i 5 3 10 13 !),r 6 5 (I B; a 0 H 0 (I 88 3 4 II 2(1 0 n August July . . . June . . . Mav .... April ... March . , Februarj January (I T 8'i 8 2 5 0 ala .1 ! ii :i a at? 5 II 2V 8 2'v II 11 2Vl .1 2U (I 3 2 .'I , 2(1 8Ji 3(i 2 2tf 2 4l 4 '.' 2j! 2 4 2 Hi 2 3 4 3 a ali 2 s; io a 2,s a 0 ou 21; 3 2 f f Sw nW 3 0 4 4 21, 4 II 4 8i 21, 4 4 il Bi 2I 41i 4i 2( 4 214 4 3( 2 8',i ljl 3 3 2 H lC 8 4.. 2., 2)1 HI 5 !" 5U lifi a!j a'i a ti a a 2 211 2 2! lli P 4 3tt & ty v- i -u h n n i s il 15 8 , 1 . 23 , 18 . I1.. 27 20 13 , .a ::8tt ..0 March 80 March 23 March 10 March March a Feb. 23 iiiii . . I . , 6( (.V..0 Feb, Keb, Feb, Jin. Jan, Jan. ,1. -.--- ft7L I quotas and subscriptions to four liberty loans Interesting Comparisons of tlio Four Liberty Loans Floated Daring the Last Two Yean The total amount of subscriptions to the fourth Liberty Loan was $6,939. 047,000, of which the New York Federal Heserve District subscribed $2,044, 778,000. In connection with tMa the following table gives a comparison of quotai and subscriptions for nil Federal Reserve districts for the four Lib erty Loans: Found Loan Quota JBOII.0O0.000 1,800,0(10,000 500.000,0(10 000,(8)0,000 280,000.000 102,000,000 870,000.000 200.000.000 210,(100,000 ano.ooo.ooo 120.000,000 402.000.000 Subscription Hosiun . New York I'lllMdelpllU . Cleveland . . Itlclimond . . Atlanta . . . Chicago Ht. loula . . Minneapolis . Kansas City . Dallas San Francisco 1(132.221.85(1 2,014, 778,nil0 308,703.030 702,(150.800 .'1.12,(188,200 217,88.1,200 1)110,200,000 aim, .188,600 211,028,300 2114,040,450 145.044,450 450.000,000 Total .... Jll.OOO.000.0U0 0.034, 873. 2n0 Number of subscribers .... 21,8no.noo Amount allot teij ... lfl,08D.047.H(JO second Loan Oversubscription Itoslun . New York Philadelphia Cleveland . , Richmond . Atlanta ... ('hlcngo . . . , St. Louie . Minneapolis Kansas City Dalla San Francis, wuoia nunseripiinn .tUI'.UUII.UUII S l,t).l.1(),l),1l) IMIO.OOO.llon 1.630,433,430 1)00,000,000 380,8.10,3.10 Hoii.ono.oon 48ii,ion,8(io 13(1,000,01)1) 201,212,500 80,000,0)8) 00,005,760 420,(K)(),()00 683,883,330 120,(100,000 181,280,750 103,00(1,00(1 140,082,032 120,000,000 130,125,730 73,000.000 77, 81)1), 850 210.000.00U 202,071,150 v.TS.ll. V '3.000,000. 000 14,017,832,200 64 (2,000.000,000 a m,r ",' .u'"crlber .... 11,400 OOO . . .......... AmnU"-'. "Jl7lV"I.-J'-.l 18.808.700 150 f)o not Im-lud (38,820,30 V. S. Treasuiy subscriptions j AW YORK BAiSKS IS 1918 In lli following tublo are given the weekly totals or .Now lork city's Clearing House banks during tho age itgures are given for surplus, cash reserves, loans, Kxcesn Loans and Net demand Vault cash i. .10 .f?'Tv investments deposits r. n Mem. l)ec. 28..J31.ll01.OI)0 $4.(102,00(1,1100 (3,001,420.(lOOHll,4ll1,llllO I)er. 21 07,510. 1)10 4.1100.610,0110 8,1)12.28(1,000 1117,1115,0(10 Dec 14.. Ill, nun 0.10 4.1180,4(10.110(1 8,848.187.(10(1107,8551)0(1 Dec. ... f8. 670.350 4.028,381.000 3.783,115.000 108.045,000 Nov. 30.. Nov. 23.. Nov 1(1, . Nov. II, . N'ov, 2. . Oct. 20, . . Oct. in. .. Oct. 12... Oct. 8... "ept. 28.. Sept. 21.. Sept. 14.. Sept. 7.. Aug. 31.. Aug. 24.. Aug. 17.. Aug. 10.. Aug. 3.. July 27.. July 20.. July 18.., July ... 08,387.080 4,nnn.nNn.ono 3.737,oos,ono 1n7.023.0on (14,408.510 4,752,172.000 n,834,4n7,no) 108.03ft.OIMI IB. 4 20. 0110 4,7611.816,001) 3,838,1177,000 108,070.(1110 38,108.180 4,782,717,000 32,430.070 4,740.363.000 ' .11.123,050 4. 722,010.000 42,.11x.n2h 4,074. 318,000 4.1.841,030 4,088,652,000 81.631.080 4,0.15,231.000 41.101.480 4,570,880,0011 411.112,000 4.374,1117.0110 2P.730.fl.in 4.320.408.000 18,447.070 4.520.n8O,OOO 44.81(i()0O 4,447,703,000 3.045.134,000 '08,022.000 40,1)28.1)10 4,40.1,1)31,000 8,017,001,000 118,1)118,000 80,242,100 4,637,780,0(8) g.flSl, 807,000 1)0,505,000 43.328,8110 4, 480.741. OOO .1,01 1.132.0(H) 0l),fl3fl.UO 00.703.000 4,402,200,01)0 3,000.8.15.000 00,035,000 8,BII0,100 4,833.880,000 3.858,n50,Oon 1on.ns2.00o 6(1.272.250 4,37n.nns,noo a.mn.ano.nno 103.22.1,000 63.008,000 4,418.802.000 3.n83,l)()(),no() lnn.037,000 03,001.210 4,383,430.000 3.O47.077.00O 00.032.000 June June 20.. 141, 880,210 4,418.002,000 3.7(3,HS0.(inn 08,601,000 a" HM'ii'1" 4,310.007.00(1 .1,737,181.000 100,082.n00 Juno 15 Juno 8. Juno 1 , May 2.1 . , May IK., May 11., May 4 . , .-,-l(,n,l, t,l4l, tM.HIMI H, Ma,H4H,(l(HI J(I, 2(H), (((() 37.401.800 4.no3.4sn,noi) 3.74n,oim.ooo nn.snn.ooo 47,113,320 4,523.700,000 3,724,(115,000 101,107,000 45.42.1,220 4.303,045,001) 3,070,071.000 104,88(1.000 40.3811, 74n 4,3l)4,883.0nO 8,633,222,000 107,60n,nOO 41,013,3811 4,631.B.in,000 n,71B,(15,0n0 100,830,0410 50,230.701) 4.814,503,000 8.700.034. 000 105.088.000 Apr!!?V' 01. 117.000 4.337,022,000 3,733,410,000 ln,1,7in,00n April 20., 34,831,010 4,4114,148.001) 3.708.008.000 ln4.233.nnn April 13 April 0 52.134.170 4,384,447,000 3.734.285,001) 103,402,000 03,720.(130 4,303,314,000 3.738,815,(100 103,000,000 40.002,330 4.3.18,848.000 3,740,11)7,000 102,070,000 42.733.70O 4 "lll.7yo nun n 7no n.ii non ini jTiwin March 80. March 23 Marcli in, rcll in. 47,730.1110 4,818,841,000 8,(172.387.0110 101.054.'(IOO rch ii. 88,1120,110 4,385.011,000 8,fiiii,ii3(i,onii inn,n44,nno Ma March iii.iino.iuii s,.'i 'i.iiii, iiuu ii,aiiu,iao,uui) i)t),ius,ooo 43,730.000 4.230,nnn,noo 3.577,2no.nnn 08,n4S,non 31.075,200 4,lH8,328,nni) 8,1130.701,000 1)0,387,000 o.i.oon.'.'iio 4,in.i.274.noo 3,ft70,lB8.non os.inn.nno 82,587,040 4,171,800,000 3,034,881,000 102,777,000 70,020,870 4,075.310,00(1 8,Oll,620,no() in8.45S.0()rf 00.2)13.180 3,731,488,000 8.781,418,0(8) 113,331,0(10 (10.283,380 4.0110,8.17,000 3.80,D31,n(H) Hfl.n74.0(IO .1.024.080 4,129.037.000 8.001,20.000 112.831,000 Feb. 23. Feb. 1(1. Feb. II. Feb. 2. Jan. 20,, Jan. 10., Jan, 12.. Jan. s STOCK TRANSACTIOSS BY MONTHS 1018 Shares 14.410.040 ao.22ii.8na 7,935,(118 0., 110,4(10 8,314.437 11,237,003 20.041.783 7,417,778 8,170,1177 11,403,510 1B,433,2I'0 1:9.937,380 BOND SALES 1918 November October . . September August . . . July Juna ay April March February . January . . Total . . . OA' THE November October . . September August , . . July June May April Man-h February . January . . Totala . . (238, 227, 381, 150 121 37fl.nno 07 20.1,000 107.000 12l,607,(ino 85,(187.(100 08,881,000 413.II28.O00 B8.8II3.U00 7ii.iiiiii.noo 117 238.000 73.1)4(1,000 77,177,000 124,051,000 680.000 ,816,000 14 noa.ooo 1511 127, 110, HIV 100, ,119,000 Illlll, IIIMJ 433.0U0 1)92,000 810,000 ..SI. 084, 120,000 'HANK CLEARINGS IN 1018 . tjaa.nno.ono.nnn . 21), 839, 550,783 . 82,078.431,881 . 2)l.372,l'58.28S . 28.141.832,108 . 28,1147,157,2311 . 27,321.612,11(1.1 28,272,82H,029 . 2(1,484, (157. n87 . an, 085.9.11, 083 . 23,340,838,121 . 20,534.(127,100 1017 (20.350,848, 27,229.438, 28,304,3(18, 24,0211,8311, 2.1, 003, 2.10 2.1,005,883, 20.730.347, 20,818,31(1, 25,1118.2411, 24,7114,414 Deo . . Nov. .. Oct. . . Sept. . Aug. . July ., June , May .. April . .March Feb Jan. .. 753 $27, 014 an, 30(1 33, 4(111 32, 233 111, 73H 111, 7112 20. 5111 20, 101) 10, ,3)1(1 30, 21.030,401 23,021.805 (ISO 1H, 103 20, Totals I32D.B4O.B04. 088 (306.020.013.482 1203.828.672.207 (187.818.187.002 (153,139.0:8 883 IDeconiber figures estimated. 'Largest on record In history at country. """ CROPS OF THE UNITED STATES The following estimates on the leading crops of 1018 were published in the middle of thiB month by tne Agricultural Department. They are here com pared with the revised figures of the last twenty-five years: Corn Wheat Oata Tlarley nye lluahela llushela .1u,!l'" Iluahel Ituxhela 1017.. .1.151). 41'4, 000 0.10,828,000 J, 387.280,000 208,075 000 00,145.000 11)111.. 2,588.241,001) 030,8811,1)00 1,251,0112,0011 180.1127.(100 47,883 OUO 11)15.. 2,9114,71)3,000 1,023,801,000 1.340,030.0110 22h.H3t.00O 54 030.000 1014. 2,072.804,(810 8111,017,000 1,141.00(1,(100 104,033,000 42 ,778.1100 1013.. 2 41)1.1188.000 703.880,000 1.121.708.00(1 178,189,000 41,881,000 11)12.. 8. 131. 746. ono 730.207,000 1.418,377.001) 238.824,(810 33,0114.(100 iilll.. 2,381.488,000 021.338,000 922.298,0(11) 1)10.240,000 83,110 000 10111.. 2 8hll.2OO.OO0 035.121.000 1.180,341,001) 173,832,000 34,807 OOO 109.. 2.332, ll'O.OOO ' 083,8511,000 1,(107,1211.001) 173,331,000 2!) 820 OOO 100".. 2,(108,(151,000 081,1102,000 807,13(1,000 1110,7.10.000 81,831 000 11107.. 2.593.320,000 034, 1187. 0(10 731.443,01111 153,818,00(1 3160(1000 inoit . 2,027.4111.001 73.1.200.07(1 11114.004.522 178,01(1,484 33 874 888 10.1. 2,707.903,340 H2.1'70.48I1 tnj.Slfl.19T. 130,(131.(1211 28.4851)32 1004.. 2.4IIT, 480,934 532.3HO.31T 801,5113,5112 1811,748,0.18 27,241615 1003 . 2.244.170,025 (137,821.8115 784,004,1011 13L8Hl,S01 39,8113 410 1 1112. . 2.32:1. 1148, 8t2 070,0113,0118 1187.842,712 11,4, 34, 023 83,030 892 19(11. 1522 511), SI'l 748,400.218 73(1.808,724 lllf.tlSA.U04 811844 800 11)011.. 2.103, 1112.610 522.220.505 809,123,1180 88,925,833 23,003 027 18110.. 2 078.143,033 847.3118,1.411 7110.177,713 78.381,3(13 33,001,741 lh98 1024. 184. nilll 75.148,705 730,000,(143 86,7112,237 2.V047 622 1807 1 nil2,fl7.1'83 830,140.111.1 (198,7(17,801) (1(1,1183,137 U7JgK824 1891. a,2n;i,ei.),i(i. v.:i,uei, ,m v.....i"i iis,uuo,.''o rr- nr.n),047 9r, . J,.'n,l,Dl,l,i.' i.i,goi,ni .v. .- v,u.,,,.o n . !Yilii,U47 Kxcludlng llnters. For other years figures represent commtVnal crops COUNTRY'S COTTON GINN1NGS Total Ginned Prior to December 13 Was 10,252,402 Running Bales The amount of cotton ginned up to December 13 was 10,262,403 running bales, Including 139,074 round bales; 12,793 bales of American Egyptian, nnd 31,000 bales of Sea Island, the Consus Hureau announced this weel(. Prior to December 13 last year, total glnnings wero 10.131,594, Including 170,900 round bales and 83,388 bales of Keo Island. dinning by fitatea follow: 1018 . 725,870 . 788,802 80,0(10 24,833 .1.872.844 . 408,833 . 0811,717 . 40,042 1,820,207 . 510,703 . 234,028 .2,401.043 1917 404,003 827,67.1 80.453 48,2111 1.710,033 580,001 778,824 41,414 1,110,837 8,17,B)li 187,483 2,1141,007 10)0 331,883 1,044,031 23,171 40.840 1,780,810 481,1104 701,082 51,213 803,890 782,0110 348;3!0 3,482,608 Alttliama. . . . Arkansas . . calliornia . , Florida . . Qeorsla Ixiulslnna . ((ilaslnul Missouri , . . s. uarouna. ntftahntnu. Tennessee . Teiaa virxinia. Unit, Statu 10,202,402 10,131,594 10,888.798 A comparison of tho Census Bureau's resort of the amount of cotton ginned at the date Indicated, counting round bales as half bales, and Including Hnt er. Is as follows, last three olphera be ing emitted from tho returns of each in. .... (Dii ""'V . -?"irv 18,21)7 1,1,01)0 ao.asa year i 1018 1,030 l.'JTO 11)47 003 3,41)8 8,873 1016 -850 4,081 7,303 1015 1014 SsPt 1. Heat, 23 Oct. IB New 1 403 410 D08 3.803 ,0,700 6,708 7,(110 J .881 0 820 ,771 11,008 0,711 18,008 t inn 7, !il8S 8,019 "8,081 8,871 .9,010 NOV. M ,,8,000 H,7H 1D.I93 jjJJTB ..10.3M JO 181 10.8M AO.SOfl 13,9 llain 1 4.H.UUO ViliU 4iU.Of ViUi ifliv 1,97:1 join I Aim loio .M a ioit into 10,4 11,089 10.080 14 San 19 1)1 IMS! lp',70l 14.VH ' ' ( Third Loan Otersub- prlnt(nn Oversub. scrlption P.O. Quota 1250,000.000 noo, ooo, ooo a.io.ono.ooo 800,000.000 130,000.000 00,000,000 423,000,000 180.000.000 111.1.000,000 l30.noo.ooo 80,000.000 210,000,000 Kubaerlntlon I'.u. 20 1334.837,230 1,113,243,030 801,003,800 409,031,180 1811,230,080 187,040,450 U08, 878,600 100,885,000 180,802,100 204,002,800 lin,22n,0.10 287,075,000 42 1.1 I'll 17 Bll 13 14 14 16 18 1(1 11 42 43 8.1 43 on 48 64 721 OH 45' 37 10 (8.000,000.000 14,170.810,780 83 18,308,325 .. (4,170.810.750 First Loan Oversub scrlption !'.(,', Quota 1210,000,000 (IOO,()(8),OOD 140,000,000 180,000,000 80.000,00(1 (10,1100,000 ano.ooo.ooo 80.000.1)00 811,000,000 100, (100. OOU 40,000,000 1 40,000,000 ftuhscrlntlo.! IMJ. nn (832,447,000 1,1811,788,000 2.11,800,230 280,148,700 lOn.737,100 57,11)0,03(1 3.17,10,050 80.134,700 70,253,300 01,758.850 48,048,830 173,028,000 (8,033,220,880 4,000,000 2,000,000.000 51 07 n 3(1 35 CX 7 7J 32 112 (18 13 81) 51 3l "i 811 31 of different accounts) year 1918. Theaver- dcposlts, etc; lies, In Fed Total. all Itec. vaults reserve. (.12 7. 14 2.000 (347.301.000 ri)(4.nT2,(iu(i ons,t(i,irmj 351.II8U.0II0 530.710.000 647.75B.nnn 332,311, lino BB8,274.0())( 330,070.0011 324,471.000 800,300,000 623.(147,000 820.167.000 830.480,000 618,320,000 623.830.000 802.030,000 528,011,000 808,371,000 801,001,000 400,870,00(1 604.804,000 525.004,000 811,833,000 All. 1011,000 816.202.000 570.400.001) 650.334,000 607.210.000 671. 87(1. 000 843,155,000 670,788.000 644,118,000 630,180,000 840,843,000 538,072.000 542,070,000 621,888.000 647.813,000 627.043.000 620,482.000 810,237,000 823,001. 000 844.880,000 880,070,000 580,188,000 684.802.O0O .1,760, 787.O0U 103,023.000 8.708,853.000 103,404.000 3.827.5n.i,nno loa.m.i.ooo 0.702,071,000 104,701,000 .1,741.780,000 102. OOO. 000 3.701.111.000 100,020,000 8.743,082.000 101,0,12,000 8,727.012.000 100,122,000 3.714,820,000 101.234.000 .), 4 tu.iu.uou ua.nua.uuu 320.820,000 010,027,000 037,781.000 840,234,000 033,802,000 801,747,000 820.478.000) 834,880,000 mo, iu7, ooo nan.uio.ouu 317.142.000 341.810.00O 610.080,000 607n.i.i.nno mi. Bin. ono 833,788.000 332,270,000 8311,454,000 625,800,000 637.008,000 318,488,000 612,11)3,000 B13,005,00n 400,417,000 401,808,000 405,864, Ono 61(1.440, ono 68n,nn2.ooo 543.317,000 538,370,000 634,627.000 832,034,000 623,084)000 834,840,000 831,707,000 887.140,000 630,483,000 837,848.000 550,110,000 651,007.(100 603,707.000 54.1,0:3.000 5110,384,000 630,810.000 5211,0.17,000 518,087,000 830,411,000 841,204,000 880,600,000 800,077,000 808,804,1)00 803,780,000 601,353,000 651,(08,000 1917 Shares I4,nm.n77 17,372.710 18,8111,832 11,043.3(1.1 12.b78.ll21 10,lin:,484 10,429,(04 14.227,8(3 18,132,3(18 18.488,430 10.310.0U5 1016 Shares 34.oon.nnn 29,550,805 3(1.201.877 14.011,598 0,400,600 13.149,8(13 10,3nn,030 12,508.118(1 13.05 0.378 12,705,747 15,313.t08 1913 Shares 17,470,487 20,214,18.1 18,874,120 20,500.504 14,410.7(14 l(l.n87;247. 20.1107.107 20,087.188' 7,8I4.8(I(. 4,103. Old 5,100.700 172,900,800 181.170.310 235.104,042 STOCK EXCHANGE 1017 1010 120,240,000 145.077,(100 110.818.(100 (17,581,000 71,800,000 82,500.000 101,103,000 711,384,000 81,1110,000 83.801,000 113,083,000 1111. nun 48,177,000 7,240,UOO 1018 124,420,000 108,051,000 82,142,000 71,8911,000 33,347.000 82197.000 4 130.000 10VVl4O.(OU (I43I2.,.(MX) 5 (1.002,737,000 11.148,280,000 (030.343,000 THE UNITEp STATES 1010 ,203,700,009 814,818,731 ,726,807,413 8.14,18)1,740 814,028,024 808,114,047 (1,18,01)7.430 720,0311,028 378.042.139 774,248,071 292,71)4,0110 138.087,044 10 C0.310. 307.110 (12.048,744.003 11,080,1123,483 11,733.070.78a 10,028,039,800 0,832,290,340 14,408,800,890 18,D48,028,fl8O 13,184,811,187 14.807,433.018 14,:83,IN(4,IB2 12.80.1,108,1)21 10,107,810,013 10,881. 20.182, 15,703, 098,400 301). ()34 583,903 14,270, 14.P20, 14,122 14.(120. 43O.303 402,851 200,044 783.839 15,018. 083,834 ia, two H.1'12, 18,483 400,104 172.037 433.078 Cotton Hales 10,040,000 12,1100,000 12,802,000 18,130,000 14,833,000 14,104,000 KI.1O1.50O 12,07.1,000 10,513, OKI) 18,817,000 11,441,000 18,340,000 11,234,000 18,n34,0OO 10,002,00(1 10,1174,000 10,708,000 10,389,000 0,422,000 11,230,000 if, 2 0,000 8,700,000 GRAIN TRADE MEMORANDA Statistics Covering Transactions of Year in Different Markets The following table shows the lowest and highest prices reached In the Chi cago marltet for the 1918 dellverlea of corn and oats; . Corn Low lllah Dsllvsrles May July Ausust .... Seplember . October .... No ember December . . Oats law Illhsr .103K . ..IBOJi ...lsiu ...140 :..H,H ..,100 HI" 5.1 1; B3 OS ISoil 148 73 74. 7BU T.1 70S Itecelpls and Slilpmeuta at Chloago llecelpt? and shipments at Chicago during 1918 compared with 1917: 101 Itecelpts Shipments . '8,800,000 0.422.0(10 . 08,878.000 3n 431 04)0 .i3T,42i,ooo "ecoaTlooQ Flour, barrels Wheat, bushel Corn, bushels . Oats, bushel . 1017 Flour, haprala 0,078,000 81,731.18)0 70.884,000 123,010,000 ft.8HI.0Al 24,047,1X10 SO.Oflfl.noO 101,073,000 Wheat. Ii'i.hn. Corn, bushels . Oats, bushels . ...VTsniJIf. IS fSK,t,a watl1? "r t'"' St, T.oula Statistics Itecelpts and shipments at St. tout during i18 compared with 18171 .,ms v , J5,Jf.', Shipments Flour, k.pr.1. ... aniuAArt . a Awn 17 lWheat, bush.U i. ST.njslus 2o:Bsli:4if. corn, buoheii ,,,.. -zs.ail.Mi isnu ft) Oats, bushels ... . S2,72,3a3 2t:mS;J! Flour, barrels .. '" n,80,o wneat, ousneis . . sv, Corn, liuaheU -. S Oat, buaheft ,..,' InoludW,aH.Msli4) uMt' 444WI('Ha B(p,U-4VMt 29 5.41E.710 umrmtz Hm ant 'i-J f Ml M 1 I) fil il a .s..7. . '' ' , ,j- " ' ,, . I .-.. h u l-t. .' (i
Significant historical Pennsylvania newspapers