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Ml .& H
KVI3XLNG J'UJiUC LEDGiflK 'UILAJ)EL1,U1A, TJIUUSDAY, XOVEiMBER G, l6x$
20
f9ipsamrafliwfltiwini iui'.. . iwh
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
Wm&ZwmY ,WwrffJ
p "I '
41
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UNITED STATES
GOVERNMENT
LitfLRTY AND
VlLiUrtx LOAN BONDS
Vv l..y and sell Liberty
Louii ami Yictoiy l.oitn
Bond'; on commission at
current market prices.
Denomination
?:.o. si oo. .woo. . toon
Edward B. Smith St Co
BANKERS
- M'USIll.tJ It'O
i Hcmbcra Xnr York and 'M!ad.TDhta
Stsl6 Exchaigct
run m:i rniA
11IL IbtKnut St.
new iiwk i:mon
vjiw london ali.umovtn
INCREASING CROSSCURRENTS
MADE WIDE FLUCTUATIONS
Grouiiig Tension in Money Market Provoked Heavy Liquidi
lion in the Industrial Division Sharp Breaks in Specialties
NEW YORK STOCK EXCHANGE TRANSACTIONS
it
appo.irawc. I. in 11 time however, when
tln rcucthiiiiir.v i urn'tit seemed to he
New VoiIi. 'ov i!.JIj icnviti of tin
.... t .. .1. ..... .......'
11111 i-itiir iii'UK111 '" 1 'i' .ins- ..,!. 1 1 t 1 . I .... 1...1.
, siiiik i'i,."ini iniiii, h 1 1 1 -mi .i.i.i.-i ...
inn-cuts todays sloek muikot was . Hi,t r tiron-rlli .ns uncovered.
riii rwl mill ihe.krd tnr aggressive
ness of tin bear imrlj. but also in
ooiihtahtT.i kept In !i highly burned
iiinilitinn. riiu'luatiolii in Hip Indus
i IriiiW, esic.'ial!r in recent active high
'priced pipi Initios. wm wide and violent.
1 Thp rclativp steadiness nt tin rnilroad
slock" certd a tnl1li7.iti(; iiillucnec,
lueticcd 1 1 11 t .x ti'treat of snmo of tho
timri timid A a mutter of fni't. while
doing ii great deal of talking, tlip bear
part nre anything Imt mip1 of their
ground. Much of their promised suc
cess is built to a huge extent ill tho
nml Ifl tl measure served to keep the I hone of some nrpiiliMil or tho develop
Vnerul f f,.(lu, clipping into serious ment- f somp uncrpeoted disturbing
deiiKirallxitHoii T,. Slk ,nun ,,,.,,, tll0 .liffeieiii;
Tht HitiMil fni'toi , behind Hie violtut perioils uhrii the rPiiPtinnnr.i I'lirrent ,
htikc ilt.-'U m the ii-liii.ti'iiil division , ran Hip KtroiiRPst liruiiRlit n"l derllne"
HnW,W nnipitlonnhly from moucy n'nnu, iniind
mitfki'l liilltjewes. Tin' iinexperled lie- ..very mihiaorri nlnpner nui-it admit it
'lion of tlie covernori r.f ,hc Hunk of hn M-oiiderfullj impioved thp tcrlinlcnl
,. ... ., . ,i.i , ,1,- ,ii,,,, I position mid entirely pllmlnnteil thp
l.iiRlimd in nmrklns u Hie minimum pnK appretnll.ttlrP; wnlr, for ,,
iili'-eomil line from .1 t.. ti per cut. rom- f,,w dnjs hud been menaelns the gen-
1112 11- it did e'.ose on the heeN of tlie ' eral mnrl;et sitiiutlou.
riii-iiiS ol ihe I ederal Iteservc llanl;
ili-eouni Kite brought the mouey innrkel
The renewal rate of 1'J per cent for
eall mone. direeteil attention to the
Foreign Trade
Through Foreign
Investment
Some logical mison- foi Ameri
cans inviting at tljf present time
in.
Ilritisli (lOMTiinu'iit
r,c 11tl11nnl Wnr l.tiiiii
Itrilisli (oiniunciii
Kf Xli-teri II11111N
IJolRiiin Gocrnmvni
Vtllloitill lEefcloriltioii I.iiltn uT 11)10
French (tmcrnnicjit
.T'r Vlelir I till 11
I'rcncli (Joieniment
f'r T.onn ii r I!) 17
Italian (io eminent
i'c nr I.nan if IDln
italinn Government
5 Tlirer 11 ml vr ritr
Trrniir Note
urn lontuinfrl In our ImuUIrl t .l
A. B. Leach & Co., Inc.
113 South t'ourlli Street
fjjL J . rT;
III Ull' IMiHllll IMf IU"U'V "il'invt ,.-,., A.wl.,., f t ., ......Ij
....l::....- ..1..C.H tn. li..tn .! fuwt I in Ktlllfc 'VlliPMI M llir lll"n.-j IIHHH' I
I ft reomnmmtrcon.d.abieod for ? Jl S
ihiniBlil. ,.....
Wlul, theie ,MiK no great rtmoiiiit of 1 ,,.,;,.,, srM1ptoms wm. Pvll,,,nt
loan uillliis ;t ihe ml uenie ,,f e n ,,,, T,P',,P,nv (.ollinz in.ive
tiBhttMiniK of the piirseatrm b K , n(,M ,JH iIovp1110c, , 0 ,nt0 ,,.
hanks wns .iitlii'lent to eieale InenMsinR
uiii,niiip. and proioke no little lirpiidu
tinn ot i.Muevtetuled viieuilatiie uc
inniili'. The behnwnr of iiiiie of the
input intne Induntrinl speualties.
v hn h 111 iiiierviii') threalened In break
wide open, with ilerliiie of - to o
iiiilniu lietwi-pii Miles, had Kiispieioiii! car-
mark- ! the earrjinu out of the ru- Mm
llionil polH'.v OI Hie joiiuiiiK lu-siii"
tions.ol ilisi-rimiDiitiiiK aguiusl the
ImkIiI) nillaled issues us regards 1 "Hut
1 ml aceeptaneex.
The reiirtionurx piinj. onij nniu
nig esterila wns leMinneil at the open
ing with the brunt of the pressure ill (
reeted against the steel, equipment nml
allied sliiirc. I'nim this oiisliiught the,
general market made 11 vplendid rc
rmcry. The entire market lieenme eompara-
tivejj dull before the end of the first
leahngs tailing lar nemw repent
mernges. burlher irregularity soon f
set in as a result of lemiwed pressure,
leaders foi the most pari Increasing,
their earl losses . , , I
'I'l... ....(t1, .t vail, ci.rxetl til Mrin? '
lall.v. who lmp been patientlj awaiting Jmut tempnrary iinptoienieiit, but an
tor just surh an opening, ill onee 111
slituted igorou and wulespre.id drJM's
against 1 In- entile li-l These drives
were I'Ufoiirngcd I ihe "all lusting
hope" ot the bear parU in all lean
tionuiv iiioeineiiis nl being able to
leiieh mid 111110MM "stop loss' mders.
b whiih the downward swing is al
,vjs ,n 1 emuated to ill liuliet de
vice
At
1 1 a I inteiwnls the 1 ntire iti.h
..tlinr nml mure violent reversal
ourted befnie 110011 Steels and equip '
nienth weie the rluel features uf the 1
leaetion. Ctueible dropping five points
between sales at an extreme loss of 1
fifteen points. delated shares were. .
three to ten points under vesterdays
final quotation 1
The seeondnrv unoverv was oven 1
moie robust than that following the I
nenins dip. and miieli 01 the grounu
1 si.,i;ii inii'ivnis ,ii- .inn, in... ",,.i.,im ..... ... : , , ;
ket stiuiiiire had an uin-ointoitahle soft bv early afternoon had been retrieved.
STOCKS RECEDE AS
OIL GROUP
L
EADS
MONEY RATES USE
TRADING
CURB
VT
The Securities
You Own
.11
Over 500 companies arc
described in the Octo
ber edition of our
"White Book."
We will be glad to mail
you a copy if you are
desirous of securing
the latest current sta
tistics and financial
records.
Upon request vc will
prepare a special report
on any security you
may hold or contem
plate purchasing.
When writing for the
"White Book" also ask
for our Monthly In
stalment Plan Booklet.
Both gratuitous.
i. '.,r C'ioI. 1 i K
IITIUMMAWlRBi
niKstment iecuntiei. l
13 Exchange Place New York
Potential Rallying Power Mani- Anglo-American Is Unusually
fested at Different Intervals Strong and Advances to
Despite Pressure I New High Record
BURDEN OF THE BANKS GENERAL ASPHALT WEAK
New iiiih. Nov. Ii -The .N.vv Yoik New V01I1. Nov. . I'rii e movements
Kvemng Mill's , lsing himueial levievv on the Ilroad stieet curb today were
Iml,v H-n. liighlv im-giiUr. some stuikst selling al
' V,tl,'e.-,ll nioiiev ruling at still higher "" '(''' reui.ds. while others mis
,.,'s. stand.i.g a.iominod.itiou on ,,. Iniucil ttne- Kinging lrom I to moie
mainl uneivmg at !- per . eut for both "'" "' 1"1;-
I Tim i.nti,lmim iIi.imi riMilMUUil MIX
:iml iiwlimtrinl t ollaU'ittl. the '" .--" . -r -
nio-i piontineni, wun m.uiy muu hi
urgent ilmiaml at .iiliaui'i1!. Vrodurrvfe
1 ..j-. t.,.,.,,i,i . A,. u c 1, ...
ihougli not without interval's in whidi tirtiU(.tion j ,iie Heggi.' Held, with uu
1 potential rall.viug power was manifest, advance to !)"s, a new high record.
It was regarded in the financial com- Anglo-American .was an unusually
1 nmnitv as entirely iea-i,able to expect' t-troiig fuiture. being hcavilv traded in
...... A :.:... ...!... .,,...1.1 ,...i,,1l,lv beinnd advaii.itig to ..b't. 11K0 a new high
111:11 ri-niiii. i'im.s '""; - . Ie,.or,l
govenu'd by money conditions for per- S,....n. 1
1111X1 d
highest lencwal ligiire in several jenrs,
tod, iv s toek market was lieavj, al-
Rali
ton
no
inn
1(10
sou
sou
'eon
too
too
H103
JJOU
101)
100
16100
MO
-oo
100
.100
10000 4.80
1100
100 7
'.'icon i;
200
11000
200 4
100 J
SSOtl
101)
MOO
.1701)
100
1700
140(1
ClOII
Hill
t'400
:ioj
;u mi
;oo
490
:ioo
'J'iflO
400
3800
100
5SO0O
(.no
;ooo
5.100
4 700
JIIO
no.'on
nun
:ioo
J 01)
600
200
100
100
r.oo
MOO
.-too
400
!)10
900
.'00
1011
noo
1.VJI)!)
oo
.-.sou
Il'vOO
bOrt
'0I)
00
1400
soo
hOO
:ioo
1 300
100
IKOO
400
'00
jno
100
soon
too
Ji00
;oo
:iio
.)()
bill)
330(1
i 30PO
Hill
inn')
l.tOJII
T'JOU
:ioo
1011
7700
Mil
oo
too
10U0
1000
100
ltlth
3
44U
7'iU
81
xddim tlxnresn
Advance Tlumcly . . .
Advunco Humcly pf
) AJax Uuli her
Alask.i CJold Mltiei
Alaska Juneau O M l'
' Allla-Chalmera StfB .. 5
H Am Acrlo Chem .. ..OH
in Agrlc Chcm pf 90
H Am Hee.t Sugar . . . . !17
N Am ltosch Mncncto .129?
Am Cam i.Sl'j
Vm can pf 10? 1 2
13 Am Car & Foundry ..143"i
4 Am Cotton Oil . ... .ll"i
m Am liniggit Kvini' . 1o?
. . Am Illdo & lathtr . 38'i
Am Hide & I.eath Df.lS.I
Am lee 47
Am Intermit Corp .... lV0a
.. Am Idimeed Co H1a
7 Am Linseed Co pr MJJ
m I.ocomotJvo . 107's
Vni "ilult & Tiraiu 40
Am Ship i Commerce. 43'
4 m Knielt & Itef . . . M3
J Am Smell & Met pt OS's
:t Am steel Foundries . 4.1
7 Am Steel Fdrlen pf Bl1
7 Am .Sugar Hef . . . U1
10 Am Sumatra Tobacco. 104
7 m Sumatra Too pf . 93'i
f tm Tel & Tel 9'n
JO Am Tobacco . . . .304",
7 Am 'Woolen HI
J m Woolen pf . 104 T
Am Writing Paper pf GBU
Am Zlnu Lead & bin , ".'I
4 Anacoml.i Copper . M3
. ssetB ItealUatlon an
sso lry Joods . 54 7b
3 Vssoc'nted Oil Co .. 1US
B Atch Tup & Santa. Fe 91
5 tch Top & S F pf. . 7994
10 Atl ttulf & V t S S .13'S
Auto fc'ales (' temctfs. 15!1
Il.ikhvm I.oco Wks .143H
lUltlmoro & Ohio . 39V3
!i Jl.irretl Co . . . .133
IlJtopll.is Mining 1"
lletlilelieiu Motors . :tll!
." iKtlni hem Me.. 103
- Motlil.'hcin Steel 1! 107
s Il.thleliem SU ca pf HSU
Uooth FiHlierles 17!i
H llrooklju fMlfon Co.. 98
. ltrklyn llapld Transit. 19Ji
llkyn It T cifs of rtep. t4
Mrooklyn I'ntou Gas.. 04
10 Huron llros la's
Uutto & Superior Cop, 24 1
,."0 IJutto Copper A. Zinc. H"
' lluitenck Co 37
Caddo Ctntial i .. It. VSVz
4 California P.uklng . .. ,N2
California I'etroleum . .11"
7 (allfornl.i I'etrol pf . 80 (
'I Calumet . Arizona. . "iVz
Hi Canadian Pacific .. l.iOSJ
n Central Leather ....107'i
4 f'errn dc Piisivi Cop . 59'
4 Certain-teed Prod c . .17
s Chaiidf-r Motors . I3BIS
4 Clicn.ipe.iUe i th!o .. .IS)
Chicago I.,' Western . 10
I Chi Cit Western pf. . 273
Chi Mil & Ht Paul . . 44J,
.. Chi Mll.t St P pf .. 4'
7 Chi . Northwestern .. 0l?4
Chi Pneumatic Tool .1124
.. Chi llock IbI Pac 28 Yz
Ii Chi It 1 & Pac O'J pf. 64
Chile Copper 21 "sj
;i Ulilno Copper .. . 423
6 Cluett Peabody . .819
3 Colorado Fuel & lion. 4!i
4 Col & Kouth lHt pf . 49 y2
I Col Graphophono .... 7034
1 Col Graphophone pf. . 95
4 Columb Gas & X'lec . 114
4 Comp Tab llecord . . . .1li?
.. Consolidated Cigar . 9!s
7 Consolidated Gas . 94"
7 Continental Can . . 94
Continental Candy M7
Contln Candy rts It
." I'ontiiKiitnl InsuraiKc. V!
Con Intti state C.il M. 2
Coin Pioduas Itef . . O.t',
12 Crudble Steel C0 . S'
7 Crucible feteel pt . Hl'J'j
H) Cubdii-Aintr Sugar . too
. Cuba Cane Sugar ... . I.1W
" Cuba Cano Sugar pf. M
9 Delaware & Hudson .102
10 Del Lack & Western .1st
. Den & Ulo Grande pf. 1G?
Fetroit Kdlson Co. . 11.1
Dome Mines I3!i
3 Klk Horn Coal Corp 35
137
300
700 3. .10 Endlcott-Johnson
Asphalt was one of the
haps a vveeU or more and '"V"0U" 'n, weaker featured, falling fiom loOV to'
the traders -o bear persiias loi woul ' , ,, while Oil ranged from . '18 to
nuke the most ot the opportunit foi ;,s, - i-Iitl,(1 Ktut0x steamship was
.Mending luinnimneiits on the """it' ,,,.,,, s.lUs , ,57, t ,)i... Aetna
me i:plo, iv-es sold at P;V l arib Syndicate .
This siiuatioti naturally rendered 1,1, n (S, to ,Vi
those who have luolilr. alert to realie' Tnnl ( wjs ,, (1j(1 fonP (0 C'onlcw.
11 them on every bulge, and that, ot vhi(1 v ,,s ,,..,,,,,,1 in Ilt 0av lo ,.
Rubber
Stocks?
How docs the price of raw rubber af
fect tiro stocks Will ihe nrxt 'swing
on ' Rubbers ' be up or down?
BABSON'S
Speculative Bulletin of October 24th
carries a message Of vital importance
10 every one interested In Rubbers".
A few copies are available for distribu
tion to interested in Tcstors, grata.
Report on Requtit
Write on your letterhead for copy of
this SpecialBulletin and booklet, Ctt
ting Ihe Most from Your Monty' ' giv
ing full details of the iystem being em
ployed w ith remarkable success by ov rr
1100 of the country's ablest unestors,
Ath for Bulletin 34-0
Bibjon' Statistical Organization
WllsUy Hills, Mass.
Largat Qrtanuation ef Its Churccitr
in tht World
.ins.. 111 events iiinsisieni progress 111
ward, however miieli inherent resilience
ilieie liughl have hit'ii.
Opinion was divided as lo whether
I In 1 e vvete an.v real eleinents of we.ik
uiss in the market .it the present rime.
The indusiiial position called tor favor-
nbl ineiit. but sentiment 011 that
s.ine was uftutalizid if not mini' than
offset bv the meaning which many lead
between the lines in the statement nl , Ami j- ijsMosives
the. IVderal lteserve Hank iuere.isng , j;..rJ.,,rl?1Vh "r,
the discount rates. The increase. in,.vin.r it.o-u)ni
truth, was .mull, but the hint contained Ajjjjr hafrts iu.r
, theiein us to what the bank tould do in Atr RMiurtlon
1 he wnv ot 'lll'lllllg stoel. soi'i illlllioil ill , i .?to
,thp tntercfi. of loinnmri'lal ertdil was
not lost.
In contrast with the softening len
deuey of the in"dutrial issues, the rails
continued their forward movement be
gun vestenlaj. Tin' appreciation was
less pionoiinied, however, notwith
standing that trading appealed to be
broader In that depattment. lluMncss
Aineriian Tohafio Sei urities was un
der piessme. fulling from "I!1!; to 7ii. .
Siibmaiine Unlit sold at IS1,'... Amal
gamated I'ire Stores ranged fiom Jt3''i '
to 111",. Allied Packing was tiaded la
on .1 small scale at (! to OU1-!-. Anteii-
1
t.MlTKl.l.N
Fild
. ... i.. . . ......1 .....
as 11 whole was. m mn, m ,n'iii i...;
same volume as in luevious session tlii
week.
Philadelphia Stocks
Cities Service com., pfd. & deb.
Empire Gas & Fuel 6s, 1924-26
Sun Co. 6s, 1929
Lehigh Power Sec. Stock & Notes
Duquesne Lt. 6s, 1949
Cons. Cities Lt., Pow. & Trac.
5s, 1962
Acme Tea 1st pref.
United Gas Imp. 6s, 1920
Eric & Jersey 6s, 1955
MECoiwn&Ca.
Ctoeast SI04 LJ Title Bids- ,ta" 4M
Ti'txo York 7VI. Canal 1CIB
ilcmltrt Philadelphia Sloik l.rchnnoi
Canadian Chi ( o . . .
Can Car & IMv pret....
Carbon htf-el
Carvven Ton! ...'..
Chalmers Motors
Chevrolet Motors
Crimp & honjf .....'....
CurtlBH Apronlano
I nmeruon 1 hnnusrapli . .
tienerai .VBpnan ...
Hall slcn.u ..
Hupp Motoli
Inter Products
Inter Itubber
Lake Torpedoboat
TehUh I oal foals
Llbby McN i. Llbby . , . . .
Lima Loco
Martin-Parry
I.oft In.-
Loews '.
N V St.lubulMlnl
North Amer J'ainr 3'ulp.
Peerless Motor
Perf-tilon T A. It
Philip Morris
Poole i;ni.-
S.HV..M N T
Kavold Ohio
Net
Mich I toe I I pe rhjie.
-.1 Alii Ins. -J'T-j JIS'-j -i''j Vi
1!H) Am Strn. 10' s iHK;, ".O-'s H-
2i I do iif..-!f-,l3 fili'l: '.ds-r-ll'i
7.". Am tins. 41 14 44 1
.'.0 llrill .T Ft t'h ."S ,rj8 -!
!) Cam Iron I!!!' . HIH . WIVJ-t- '
1S14 Kl Stor..l4'.' Illfl 110 11
10 (ien An. It'll lol l''l I .Htfi International
1"(1 iln uf "."i "1111 . ""(I 0 I llelHll canay
... r , "". 7 "tttiT "'IT' 1- Tobacco Products lixp.
-0 I I 0 N A o..7s .!th ...Its 'n.ToilJ hhlpbulldins
I.-. 1... Tel 11 t. 111. 11 V. 1', Trlanele Kllm
,..... .-.. .. . ' . ...-!.. I .....
LIS 'I'll' 1 I .ii'iru ..lu.uio . ..
1 rVJ rnlleil Profit Sharlna
S.i S.1'4.. t H fteamship ....
anatnuin nieei ..
crtpps-Hooth ......
hell Transport
Standard Motors . . . .
htetl llojs
submarine, uoat . . . .
Fo. epis of America.
(SP Gl'i4- 11 I Vanadium
l.'i ipI? ,? ' World nim
4(i'h WVs ' i I Wright-Marl
70'i 70..-J- 'a I
Willys Corp.
Preferred Stock .
Pays 8 per yoar
Price $100 a share
i'arllcutart on Ifiutst
Carstairs &Co.
i MfuiherK I'lilUJetphl.i and
'jfevv Voik riUelr 17xclinije
14l9YHlnut t'reet
ilroadivay, is,, x-
n
s-j
42t;
SO'i
:u
j.'i
:i
P.sa,
Jl'Y3
17
4:i
80'.;
::i
!'.'.
'J.s
::f3K.
z ;?'
-"
177(1 I.k S For 2..'k
4.1 T.ons Mou Ml' i
1040 r.eh Nav. 044
10T.eh Val. 4(1' ,
1000 Nor Cent 70'..
500 Nev Cons 17
U Noith Pa S-!
S7-I Pa n n. 4:s
'Po Salt.. ?(l'i
'J5 Phlia Co
cum nf. !!1
l;!0n Phil Ulec 'Jois
10 P It T tc 'JS
10 Ton Ilel. II
71 In Trae :tS f.
nil c a i r.ni..
non tt s stl.ioou lOS'l lOSti t;
tjf't thanae made b cnmpnrlsan with last
si on New Yn'k Ktoik nxrhanr.-
I TO.ai sales, Jl li"j .imrrsc i-ui.ii...rr'. wuu
15.B23 shares yeseterday. Thus far this
week 41. $na shares Pume. period last week,
83,050 shares
I"
(','. t)3,
.1 ii
7 7'
IK is'
IHa I5'u
r. I .',')
71' lli'i
:w as
IIU 10" '
ii g li'u
, 4 T
, S I'
4 01 1 SOU
,tou 'Jiift
. II 17
7 s
,15s I all
. ii t
, ia ia
, r,t r.7
, -j l j j
. a 4
. 60 81
, jo as
. I'D 61
. - su
. 31 Ill's
. .14 !.
, rv kii
, 4 -"i .1
. 17 l3-4
"4 '.
. II 12
. Si I lit)
iii
. ao so
. sJ'i b2Hi
h 9
. a s
. IS 19
. IS VH
, r,e ik
. 2'."i 23
s.i; as
.173 174
i
cr. 7j
. 3 3's
. 6"i
. 57 uTt
Yes .lose
All, isalei
II 'i
'00
100
200
.100
l noo
700
100
1401)
4400
14011
S'lll
:on
11330
31)1)
S700
101)
2100
MOO
200
101)
P.'OII
BOO
1.100
300
2990
.111)
1400
SO'JO
4800
5500
200
20MIU
200
1200
400
100
2000
7 Imdicott-JohnBon pf .100?i
.. Frio I5?4
.. Krlo 1st pf 3514
. . Fairbanks1 Co 93?i
t Famous Playcrs-I. ...1084
Fisher Dody Corp . . . . IU1
7 Fisher llody Corp pf 107
.. Fltk llubber iiO'a
2 Freeport Texas 44!i
2 Gaston Wmi & Wis.. 25'2
i. Cuieral Cigar Co . . SI
v General lllectric Co. 170
12 General Motors Corp. .100
6 Gen Motors Corp deb oG?s
4 Goodrich B F 90 4
7 Goodrich 11 F pf . . ..105
7.Grcat Northern pf .'. H31 4
4 Gt Northern Ore ctfs. 43J.4
.. Greene Cnnanea Cop. 41
.. Gulf States Steel .... SH.
4 Haskell & Barker Car. v:Yt
7 Illinois. Central 29i
r. Inspiration Con Cop . 59 'i
lnlcrbor Con Corp . '?;
. . Inter Con Corp pf . . 1"
. . lnt Agrlcul Corp . . . 20
ii lnt Harvester . . 139
lnt Mer Marine . . 01' 2
ti lnt Mer Marino pt ..111
.. International Nickel . SJH
lnt Nickel pf !I'U
.. International Paper . 9'j
r, Inter Paper pf stpd. . . 79
2 Jones Bros Tea 353s
Kan City Southern 18?e
4 Kan City South pf. . 48!s
4 Kelly-Spring Tire ...I61?4
T.OTT
33
43
72 '4
93 lr
2'a
l34
4, in
9's
II Ii
I I 'a
12.1' a
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131 "4
4M
124' j
HOU
9,1 ',i
I til's
.10
40 'i
7s
99 'a
44'4
94 la
13S34
102!i
93(4
09 ?a
30 Ui
137
104?t
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68
3U
44 W
127?;
89 J,
1914
178
t3!4
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30
l'
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35 U
10ia4
1043,4
11.1
17
98
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132
24
II
20
32
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so
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105
Si '4
50
133?i
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fl'b
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C4
91',
110
2iH
64
HI,
41Ts
79 ?
4JU
4914
t.814
5
63 U
5G
t.9
93(2
93
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82
193,
92 !s
22.1
1 02' j
100
443,
i3a4
102
IM
I534
MS
13'i
35
I34?4
105
1514
24 a;
VI' I
106
1.17'j
107
4011
43!o
2,1
Ml 5a
170
38S
8B"
873s
10,1
S4 3,
42U
40a4
41 I
1.2 '2
93,
5'4
10',
21
1.17
59 a;
U0?4
2li4
92
i,1
79
33'
IS4
4Sis
151)2
To lay's Net
Close Chie.
3.1
43 - 114
72U- Hi
93J4- 114
2H V
13'.
4k-
9B -98
1)5' i -
123s4
0IH-
10214
1411,
50 I0
30 Va I-
132)4
4 -
120 -
Htm- ii'4 1
951,4- "2 1
106(4- 1 14 1
,10
41?s- 's
7- 's
097i '- U
IIU- 1(4
94(4- 1
138?4- I'i
104 ?s
9314- 1'2
99'i
3011,
(4
I
114
1!4
'V
'4
1(4
niv.
hales in S
20(1
1B0O
11100 1
32100
700
700 3
30(1
211(1
.00
itl'l
200
5409
1000
300
11900
3on
3000 1
19100
100
19011
100
2300
100
100
1200
9000
400
1100
1300
100
100
IllBll
Kelfey Wiieel Co . . 105
2 Ifcmiecott Copper . . 33(i
20 Keyntono Tiro & Hub. 6?s
Lackawanna Steel .. 100?J
. I.eo llubber & Tire . . 3i
.10 l.ehlgb Valluy 4B'4
l.oofle Wiles Biscuit ii
l.oose-W'les B Id pf 114
uoriuarii p Tobacco .209(4
Tolai's Net
Uir close esse.
2(4
1(4
'i
1
'4'
4
'
4
4(4
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'4
1
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'4
'3
14
1,
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139 -104
Ts -
65
20(4
1,6 3(4 t-
5414
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00!4
i i
181 -I5'4
140 -39
131 .
IS -
3B'4-
loiH-
10B, -
115 -
Ii -
98
19(i
14 -f
64 -
132 -24',-II
-27
-I
32
S2
SO,
80
71!i
149(4 10694-
.1514 1- 6(:
I35h- 1
57J,- '
9(4- '
27H t 5
42'- a
64 ''
91 - '
110(4- 21
27?4- '
64
21?i-i '
41?s- a
19 ?4
46
49!a
699,
95
: i
58
ii
93 (-2
93
. 14S
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53'4
23.1 '4
102(2 '
4011
4,11,
84
1112
1st
16(4 r
11,1
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35
137
JOB a; 4
H?4
24 ?4
9214 I
10S "
Mi "a
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50
44 -
25 '4 I-
Sl -
uu
39714-
Sb's-
ss!4-
10.1 f
.i
43 -403
-78'i-1.3!,
92?H
58; -
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U(4-
24 -
I3S -
fio?;
ijo?; 27
92!'s .
.tM-
18 W -48(4
159
7 Manhattan Kiev guar. .70
Marlln llockucll . . . 10
Maxwell Motor 53 J4
Alaxwell Mot 1st pf . . 7i
.Maxwell Mol 2.1 pf. . 10(4
10 Melcrn Petroleum ..250
2 Miami Copper . . . . 20
20 Mlddlo States Corpn . rJi
4 Mid vain Steel & Urd. 50
. Minn & St ti new ... li(;
Missouri Kan & Tex. I2?i
Mo Kan & Te"c pt IS
Missouri Paclllo . .. 29(4
M'ssourl Pacific pf . . 48
3 Mulllns lloay . . . 4?;
3 National Acme Co . . 3ljs
1 Nat Aniline & Chcm . 72(4
Nnt oiintne & Ch pf. 95(4
6 Nnt Fnam & Stamp .. 82(4
7 National Lead Co .... 89(4
. Nat Conduit & Cable. 14(4
5 NatlollRl Cloak jc. K sis.
100 (.JO Nevada Con copper .. II
100 New or Tex & Mex.. 48
900 10 New Vork Air Brake. 1407,
1800 A New Vork Central ... 741',
500 2.10 Nov York Dock . . . . 55
4200 New A'ork N II .& U. 34 h
200 I Xcu Voik Out & TV.. 20
20(1 2 Norfolk & Westorn ..100
1100 1 Northern Pacific .... RBH
BOO 5 Nova Scotia S & C ... 81 H
M0 4 Ohio Cities Gas 3;
100 2.50 Ohio Fuel SupplV... tn
1800 .50 Oklahoma Prod&P.ef.. 10
I6"9 . Ontario . Silver Mlninc- 1
I 500 .1 Otis Flovator Cn ...1111.4
600 3 Owens Bottllmr Maeh. BRU
SOO 3.50 Pacific Development
.tuv
1011
1300
R
l. Pactnc Mall as
Pacific Gas & Electric. 61
6 Pan-Amtr Petrol & T. 130
I "4
I
1
ft
13;
22C0 . . ian Amer Pet rts. .
19011 :i Pennsylvan'a It n. . . 43
2300 Penn Seaboard" Steel . 42
400 Peoples Gas Chicago. . 41
2000 Pcro Jlarcjucttn 25
10(1 i Pcro Marquetto pf .. 4i)4
200 fere Marq prior pf... 04Ta
400 3 Philadelphia Co 33?,
52900 Plcice-Arrow Motor . 05 ('4
20(1 S Pierce-Arrow Mot pf.lOK,
100 Plerco Oil Corn S0,
500 s Pierco Oil pf 104J,
1,0(1 ,1 Pittsburgh Coal of Pa. 64(4
100 Pittsburgh & VT Va,. .Vi!4
3800 I Pond Creek Coal ... 21 '4
3800 s Piessed Steel Car ...1033,
1200 s Pullman Co 128
.130(1 5 Punta, Alegro Sugar . 90
00 2 Kay Consol Cop 22j
500 8 Hallway Steel Spring. 103
0900 4 Tleodln- 831,
200 2 Heading 1st pf 34 (4
1200 . Hemlngton Type-writ .10014
6S61I0 u ltepublio Iron & Steel. 133'2
200 7 Hep Iron & Stl pf . . . .105
1000 4 Itepub Motor Trade . 4aJ
liOOO S.iO Jtojal Dutch N Y ton's
1 t .loscpn Lead 14(i
. St I, San Fran 18 5
. St Louis Southwrn ..15(4
. St Louis Sollthvv p. . 29
Savago Arms Corp .. 89 (4
. Saxon Motor Tl
Seaboard Air Lino . . 8?,
SearsT Roebuck Co . . . .220
I Shattuck Ariz Co 13(2
Sloss Sheffield Stl.. 80
Sinclair Consol Oil . . 01 ?;
Southern Pacific 110?,
Southern Ii.illw.ay . . 25',;
5 Southern Hallway jif. 62
Hi Standard Milling its. 9
12 Stew-art Warner Sp..l80
4 Stromberg Carb ..... 94!4
4 studebaker Corp 13S(2
1 Studebaker "Corp pf..l04J4
5 stut!". Motor ns
3 Superior Steel Corp .. 49(4
1 emi Cop t Chem
10 Texas Co
Texas & Vaclllo . . , ,
B Tobacco Products . .
i Tobacco Products pf,
I lanscontlnontal Oil
14
!s
17s
- 1 I
300
400
100
400
000
1400
COO
too
200
3100
COB ID
50400
4301)
101)
' BOO
I0O
HOO
32000
I Oil
HOU
100(1
500
1 1011
I.S9II
iiou
700
20S0II
1000
4400
2300
2100
1200
19490
100
1 m;
87
24011
500
3400.
44000
40U
200
17110')
300
NOO
400
100
lOO'l
500
1011
800
9100
9011
200
9100
39300
3500
500
llhOO
100
200
1100
100
5C0
100
. 13
.333
. 53'.
.102
.101
58 7,
t
III
5 Transue & Wms Steel. 60 14
. Fnlpn Oil 421s
10 Cnlon Pacific 124(1
4 Unlteo vvnuy steel . .'. 63?
10 United Fruit Co 204
. United Retail Stores .116
Un Ity Investment ... 10
. L'n fly Invest pt .... 22
U S C 1 P 4 Fdry . . 29
I'St'Il'g Fdry pf. 62
U S Ind Alcohol ....114
F S Ind Alcohol rts. 43(2
7 F S Ind Alcohol pt...l05
: F S Food Prod Corp. 85
F S Uealty & Imp . .. 4 " ' 4
ii F S .Smelting It & M Lib
n V S llubber !!
s F S Rubber 1st pf .. 116
s F S Rubber full pd..!30
5 V S Steel 106,
ITS Steel pf . .US3,
B Utah Copper 82 (3
4 Va-Caiolina Chem . . "6(2
6 Va Hon Coal & Coke. 17 a;
Wabash 10
Wabash pf A 29?;
Western Pacific 23
7 Westlnghouso A Br. . .123
4 Westlnghouso 11 M. 51
Western Maryland . . 12
i Western Union Tel . . 8i
4 White Motor 16'2
Wheeling & L Urie .. II",
Wheel & L Erie pf . . 20
5 Wilson & Co S3
1 Willys-Overland ... .34
1 Willys-Overland pt . . 92'i
Wisconsin Central . . 35
Worthlngton Pump ..104(4
7 Worth rump pf A ... 91(4
n Woolworth IMV .. ..1217s
Wells Fargo Exp 51
105
327s
2?;
96
30W
40 ,
70!4
209(4
49H
10
"J,
IB
40(4
24.1
2074
oo?;
S3 'j
17(4
12(4
18
28?;
48
46(4
31
64?;
89 34
85
81(4
14 (4
82 H
n
48
135
72 i
62(4
33 (i
1 ?4
100
85 ?,
79(4
.13!,
52
'
10
141
67(4
16?;
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61
128
2H
42?4
40?;
41
24
4i'2
041i
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106 ('4
20(4
104
03?;
32(4
21
101S
121
85
22 1 4
1027b
8 I'i
34
9S
125
10.1
63
105
14
1754
15(4
28(4
82
20(,
8?i
220
135'a
ii(-2
d0?,
los?;
24 ,
62
5'
180
92! 4
135
104 4
12.1
48(4
12',
330
51 7,
101
101
Si (4
65
4.1'i
123(4
S214
200
1135s
10
22
29
62
109?;
39(4
1115
8374
?.
13 ?4
134(2
115
13C
1077,
115
8054
75(4
77?;
10
2!4
23
121?;
56
11J.
86
13(,
15
2314
82(4
S3?
927s
34
103
911j
121
57
94
14
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3;
7(4
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'4
105 -
33 - H
rr, - K4
08!,- in
no54- W
4BW '4
70(4- 2(4 (
111 1
209(4- 3(4
5 0 154
70
no!4- ft
77
40(4
2481 -
257s
62 6454-
1714
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20(4-4
48
48 Si
ll? -72(4
8974
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82 H -
17 -
48 -130)4-
73 -
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33?i-i
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100 , .
86?; '
81 -
63 -62
- ',-1034-l
-87(4-
76?;-
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67 34
129(4 - Vi
2H
427's-" '4
4114- ft
40(4
2i?; i-
47(4
617s4 "
333; - ?,
94 7-l 4
107(4 a
LOCALS HELD UP AGAINST
S TRONG REACTION AR Y TIDE
Wide Declines in High-Price Specialties Disclosed Very Thin
Market Little Ground. Lost Elsewhere
1
Coinldcriiig the surrounding unset
tling influences the local market held up
remarknldy well. There wns some ir
reguhirllv and nervousness but except
in the lecent nt'tirn high-price special
ties the loss of ground was unimportant,
while .some of flic local stocks scored
gains.
One of the strongest periods occurred
ut the opening, when tho market moved
wholly independent of the disturbed
lunditlon of the bigger exclinngc. The
Increasing weakness, however, of the
latter influenced some uneasiness nml
there wns tlie usunl selling by the more
timid or weaker margined speculative
accounts.
It was in Ihe specialties which re
cently monopolized the nttention of the
local community, that the greatest in
roads were mode. The market for these
f-bnrcs, as experienced in nil such pe
riods, wns found to be extremely thin.
On (en sharci, (Scneral Asphalt com
mon, jielded SI to It'll, while thp pre-
Improvemenl In I lie. early Hading vnl
lcd to fiflif. The initial dealings dis
closed a considerable accumulation ot
overnight buying orders. Much of this
gain was surrendered around midday.
Fnlon Traction wns fiO cents hither
at :iS',.j and Philadelphia Itapid Transit
was firm at "8, reflecting a complete
indifference ot thp snarl In the city's
financing plans. Lake Superior Corp.
was sold freely by some of the recent
pool members carrying the price back
to 22'Tj .
Interesting chnnges wero recorded in
n number of the iinusunlly inactive
issues. American Stores preferred ad
vanced SI. 50 from the previous sale to
It1. Northern Central was 00 cents up
from its last sale. North Pennsylvania
was S- higher at 82,. American Gas
also $1, yielding to 41.
I.anston Monotype, a newcomer, roadf
its debut 011 tho local exchongo today.
The. trading wns light, with a price.
iluptiiniion between t.t and SOU, 'hn
ferie'd'nii Irnnsnctions aggregating 100 I 1'ljl'or figure being attained in the final
shares, dropped SI.1.00 points to "JUS'S. ".-
While tlie operations in rilcotilo Storage
Battery were on n much broader scale, BAR SILVER
the stock only dropped SL'..'( to IliO, ' Commercial bar silver was quoted in
later lecovcring half of 'the loss. New Virk today at ?1.23 nn ounce,
Among the other local stocks a much down '.scent. In London, the quotation
better showing was made. United (!as was 00:Jid, unchnnged.
I '.2
I
Hi
!4
40 7,
10414
64 1
32(4
21
8S -
1027s 1(4
82?, 1(4
31 3;
100(4 2(4
129?;- 2(4
105
63 - 27s
10G 1
14(4- (4
17 54- 154
1554 54
28(4 - 14
82 - 7
UNITED STATES GOVERNMENT
LIBERTY LOAN SECURITIES
$50, $100, $500, $1000 Denominations
BOUGHT AND SOLD FOR CASH
FULL INFORMATION REGARDING TAX FEA
TURES OF ALL LIBERTY LOAN SECURITIES
WILL BE FURNISHED UPON REQUEST.
MONTGOMERY & CO.
NEW YORK
133 S. 4TH ST.
PHILADELPHIA
CHICAGO
TKI.DniOM'.'i: tiell, Lombard 4320. Keystone, Mstn 23SI
(ioTernnient Securities Department
'a
34
ii.
3(4
54
4
2
114
54
1H
;
1(4
20(4'-
s?; (4
220 - 4 5-2
135s - ?s
79?,- Ji
61 - 14
1093; Hi
24?,- (s
62
8!i- 7s
180 -
94
137 ?S -
104 J4 t
126(4-
49 -
12?s-
332 -
S3 r
101(2
101
67 -
5!i-
4154-
123?i-
3?;
200 61',
ii4H- i?;
to - 1(4
29 '.
B2 (4
113(4 2(4
43(4 2(4
105 - 14
85 '4
47. ,
74(4 - 1.4
130(4- 'i
115 t
13U -109
li
IIS 8254
75(4
.
29(4
23
123
s?;
12
86 ,.
76(4 154
16(4 154
253
8254- 54
'4 - 54
9274- 1?4
351
105 4
D754- ys
127 - I
51 ..
Business Men ask us
What Is Your Business
Trading Department?
Our Business Trading Department might reason-'
ably be called a business cleaving house, because
it is organized to bring, together those who arc
ecking to buy, sell or merge established businesses
and is in a position to render valuable assistance
in consummating such transactions.
Our Business Trading Department 'has on file at
tho present time inquities both for the purchase
and sale of manufacturing plants and going
businesses.
Our Business Trading Department is in touch with
capital seeking investment in going businesses;
it is also in touch with business enterprises offering
an opportunity for investment,, and active participa
tion in the management if desired.
Business Trading Department
ELKINS, MORRIS & CO.
Investment Bankers
LAND TITLE BUILDING, PHILADELPHIA
I
Martin Air .... 4 f.
"TA.MlXKll OIl.s,
Illinois .. 167 I'Hl
Ohio , 37" 375
Pralrln 1'Ip. 30 304
eitanilanl Oil California. .300 ::i)4
Standard 'oil N .T 71 72
Standard OH N Y IM is,-,
fi'i
am
7J1
GoiafltM Florence 31
iToWlle ti Kewanas . ..3
tioldtleld Mormr 3
uren Monster
Hla Mlntns
Howe Bound
Independence Lead
Jeroma Verde.....
Jim Ilutler ..
Jumlio Extension
Mnr.Vamftra Ores. ......
McKlnley-Darragh
Maimva Ooiiper ,
Mother Lodf ,..,.
Mines Co of America....
Nlpdialnu
Jtay Hercules ....,
San To
Toiopah IJxtenalon
t'nlted Verde
West End Con
1hlle Caps
noNDS
Russian fiovernment B'js 4!)
Husfla'n Government rts 45
IT.
4t; 4,
4', l'n
" r.
2t" 24S
Ii 11
S7 an
i.r. 70
41) 43
6S (,i
tl lt
111, 11
2, 2H,
8 U
S' ?
4'J 4-t
1A 1
11 14
40 13
45 41
iMiurnMiKST ori.s,
"s
r.oi 3,
I Sales in
nnvn N'et
I llfxio Jllsh Txiw 1 lose thso
.1 Ulec & I'eo
, Tr 4 s fS." (Vi fi." 3
I Leh Val (5s 101'2 101L. 101 Lj. .
1 5'. Lib Bonds
i Bd 4'is.. 0.1,08 0."i,00 or..ns- .1(1
'IS'i 4tli 4',s On.-lO 03.20 0a,20--.28
1 Phila To
cous .In,. SHS 811... $11.,.,
4 PJiila Klet-
1st os,, 03Mi oou.-aa'a
:riudgftfii4saii wiijWt- u
-BcHtts,- i2fl,'to.enrii viin.swi.ii-wi
sftraay jinu 11- ; ww,
J4m iicrlod Vl ' IT8.3'H',
1)46.900.
Allen Oil ,. ... I'i
Allied Oil I
Amal Tire IK
Anelo-Amer Oil Hi)
rioston Wsomlnc OIL... 6
Carll) Sndicate 47
Cowden & Co 10s,
ll.k llasln 8",
Inter 1'eirol 31
Island Oil L T 7H
Clenrnck oil 4
Houston Oil 13;
Merrltt Oit 21
Met I'etrol .- ., . ....... If' ,
Midwest Oil 168
Ohio Fuel M
Omar Oil & Oas ... 11
I'rod b Kef Oil ... .11
Sapulpa. Ilrt 7!
Sinclair Uulf 3d
Southwest oil 20
United Oil ... . t
VVhlt Oil 38I4
Woodburn Oil .
. vllSINO MTOCKH
Alaska B CMt.
UlK Leds-s..
liutts Wsw York
Ilonton Mont
t! I ti & Jerome
Con Arts. ,,,.
First; National,.
oiidni .eoa,
I.:: .3
I'
iii;
3B'
(18
1H
ll
V
8(1
i'j
4 It
ldll
I..'
It's
O's
7,
63
2ii
3U
lk
.
100
4
2 IS,
Former 315th Men to Dine
The former members of Company B,
'."loth Infantry, Seventy-ninth Division,
will hold their tirst annual dinner Tues
iday evening. November 11, at, Mose
1 bach's, Thirteenth nnd Oirnrd avenue.
'This company, composed almost entirely
of men from this city, took part in some
of tho fiercest fightlne In the Lorraine
section In France, nnd on November 11,
1018, they were fighting in tho Ar
gonne Forrest. Trained at Camp Meade,
Md., they sailed for France, July 0,
1018. Out of a compuuv of 210 men.
they lost thirty-five killed, and 110
wounded.
j NEW YORK, COFFEE MARKET
New York, Nov. (!. The coffee mar
1 ket opened steady, but somewhat irreg
t tilar. call prices being C points lower
on September with other months II to
j 12 points higher.
The mark"' showed uli easier ten
dency after tin- sll. There was helling
'.of September, which was believed ngain
purchased In the cost nnd freight
market bj New Orleans importers. This,
combined with the irregular ruling ot
mllreis prices in Brazil, suggested that
the ndvanee had gono far enough to
bring out increased offerings from pri
mary shippers nnd there were again
rumors that Bio was accepting bids nt
concessions compnred with asking
prices.
In one mse it was said that the bids
accepted weie just about on a parity
with contract quotations. Naturally,
this increased the tendency to take
profits on long lines and prices miou
broke some 10 to 20 points from the
early high levels.
Its
1
17
Today's Ranfle In .Liberty Bonds
1MB
High Low p. m.
Lib Bonds 3;2 ..100.1)0 100,72 100.78
Lib Bonds 1st 4s. 05.00 05.00 05.00
Lib Bonds 2d 4s. 03.2(1 03.00 03.10
Lib Bonds 1st 4?iS H5.1M HS.IHl VO.tsi
Lb Bonds 2d 4 03,30 03.10 .03.18
lb Bonds 3d 4 05 J fl 05.00 05.12
Mil: t.-'a.. .i,t ,? ni .10 (V on (lion
Yes close Open 11 a.m.
..i70ooi inn.-.
I7.22W25 17 811 ...
17.2U022 H'.'O ....
17.O8W09 17.18 17.05
. 17.0rt(i 17 IS 17 10
. 17 00O02 M7.07 ....
Septemnei
December
Januar
March
May
July
Bid
DIVIDENDS DECLARED
United rirar Stores, quarterly 1, nr
cent on preferred, paiabU December 15 to
stock of rerord Noverabsr 58,
Pavls Daly Copper Co., a dividend of DO
cents payable perember 20 to stock of
record November SO.
llarbiaoi Walker Refractories Co.. quar
terly of l'$ per cent on common, payabla
Pecember 1 t0 stock of record November 20.
fat Joseph Lead Co., quarterly of 2.1
cents. Payable pecember 20 to stock of
record December 0.
Latawlnta natlroad Co., semiannual of
2 '4 per share (less 10 rents per share de
ducted icmunl i.f war lnexime tax) on lire.
ferre.d, pajsble November 10 as registered
FOREIGN EXCHANGE
New York, Nov. 0. At the opening
of the foreisn exekango market this
morning Italian exchange struck a new
low nt 11.08 for cables and 11.10 for
checks. Sterling and francs were about
as indicated in the preliminary figures,
sterling at 4.1fSi, for 'lcm and and
1.10U for cables, and fraucs ut O.rtl
for cables and 0.03 for checks. The
last-mentioned exchange was helped by
the new credits.
Other quotation!! were:
Swiss cables H.53, -checks fi.55;
guilder cables 37 15-10, cheeks 37 ;
pesetas cables 10.05, checks 10.00;
Stockholm cables 23.75, checks 23. CO:
Christlanla cables 22.80, checks 22.15;
Copenhagen cables 21.35, checks 21.20;
Belgian cables 8.43, checks 8.45; marks
2.85; ruble currency 500s 4.80, 300s
5.50.
At midday, French exchange on the
new credit operations rallied to 8.0S
for cables and 0 for checks. Sterling
improved to. 4.15 fop demand and
4.10V& for cables. Lire hung at the
lovv records of 11.08 for rabies and
11.10 for checks. Marks were nominal
at 2.S8.
November 7
per cent, free of tirti payable on demand.
nnntrs ria not close.
Centrsi National Bank.' .quarterly of 0
CeDV Oa r.nmmf,n
tint on preferred
Iletnrv Nntea 3 fr9.R0 MM4 00.48
er cer.i, free of tttKi payable on demand,
.American Cell on ou,. quartsflr of t par
est on common tuad MttiWarJjil ot B per
American 8ugar Refining Pays Extra
New York, Nov. 0. Directors of the
American Sugar Belinlug Co. today de
clared an extra dividend of ai of one
l.er cent, In addition to the regular
quarterly dividend of l'Tj per cent ou
the common stock. A regular quarterly
dividend of 1 per cent on tho pre
ferred stock also was declared. All
dividends are payable January 2 to
stock of record December 1,
CITIES FUEL AND POWER COMPANY
Three Year Sinking Fund 6 Secured Notes
Guaranteed as to Principal, Interest and Sinking
Fund Payments, and All Covenants of the Trust In
denture, by Endorsement on Each Note,
Sinking Fund requires the retirement each month,
beginning May 1, 1920, through tenders to the Trus
tee, of I To of the principal amount of Notes out
standing. ''
Dated November 1, 1919. Maturing November
9 I, 1922.
Circular
oladlu
umls'iei.
Price 9614 nd Interest)
To Yield about 7.3
Investment Banker
Real Ettate Trust Bldg. Philadelphia,
New York Metal Market
nt York. Nov. fl. Conner .Soot. Navetn.
ber ano-.peeember offered 21oi, January cf.
no! wa:
Canadian Victory Loan ox 1919
5 Year Bonds due Nov. 1, 1924
15 Year Bonds due Nov. 1, 1934
These bonds are being offered in Canada-at par.
Due (o exchange conditions they can bo purchased
by American investors at a substantial discount.
No accrued interest will be charged on payments
made before November 15. We recommend the
bonds for investment.
IKrtfe for Circular No, D-i8
I
GHfiNDLER&GOMPAriY.
sMeORFORATES, '
Franklin National Bank Bldg., Philadelphia
n (W,. quarterly of I rr i T rr ft - Tf- t'-i' vi'm li'lMalilBl'
tu4 mMydji at B perl 8i. Liuli,r woi-M. XmibfaiMmKiTHm'
jhi
New York
.1
Bogtop
ftjclory Notes 44, HM M.'O.pMU'.B"'.
sttmiiii' -1 l ' -iA.'......1afr-J-- 'y '
mu