Rr",'llf 111 $
ft. 4
EVENING PUBLIC LElXmii-VmLMmLVmA, SATUKDAY, NerVlQMBBR 8, 1019
'Hi
EWS OF FINANCIAL WORLD-NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATIONS
&
Ac
v
A
fe
'i
fr
H
'
4
13
I
f
w
,r
FRESH REACTION AFTER
THE S TRONGER OPENING
) v -
.Motors and Other Specialties Made Substantial Initial Gams.
but Gave Ground With General List
NEW YORK STOCK EXCHANGE TRANSACTIONS
New Ynili, Nov. N. Although n
number of utorlss showed strength In
the cnrly triiilinj: and mhiic- ailvniirc-i
tvorc recorded in tin flr.nt liftccn inin
.lites, it was not hum before renewed
pressure was in evidence, limine the
'.remainder of tlie first fifteen minutes
declines were In order, with ninny
stocks showiiiR losses of from 1 to -points.
I'nltcd States Steel opened with nil
advance of 'a to Ills'1, and then de
clined to 107 s, Hnlihviu sold down
I!M points tn 1.!7 nnd ltepublic yielded
J2i4 to 12(n4
Lackawanna Steel opened up I rj to
D0V4 and then fell to llt's. l'leree--Arrow
moved m the same way, lirst
ranslnj; from C to litl'i and
dropping to H.'i',..
Southern I'm-ili.- opened up :S to
11'2H nnd dropneil to 111'. Ituhber
stocks joined in 11 general downward
movement, l'mted States Uubber los
lliK 2 points to Xi and (ioodiieh to
87. lloseh Mngneto moved up 1
to 141 and de. lined to li'.ilVj.
The quest mil uppermost in the minds
of nil concerned ut the close of the
week was ivh.-t.icr the eheekiim up of
the extensive -peculation was a tem
porary or permanent condition. If it
was merely a uici-linuical process, rather
than u mental one. the answer would
be easy of dctcrmimitioti. 1'nder the
circumstances u is a question or jiuls
ment and unanimity of opinion is Incis
ing. In the lii 1 place, this is u market
where all 1 iiipiirisons with previous
markets im In the hoards. At the
time it h r nleiit from the steps already
taken that the hanking Interests arc
determined to put an effective embargo
11 Kn in st a 1 iirrenee of the recent
boisterous manipulation of closely held
speculative specialties. This does not
necessarily mean (he culmination of
the remarkable forward swing, but.
merely n command or demand for a more
orderly procedure
The first Mgnnl Mf the opposition of
the banker- an-nnst speculation of an
extensive character was given in the
action of the 1'edernl ltcscnc Hank In
advancing dbcniint rates. This wus at
tended b) renewed warning from the'
Federal Iteserve Hoard against the di
version of credits for stock market uses.
In this connection the rise in the I'.auk
of England rate, the tirst In more than ,
twii and one-half years, was regarded .
ciiunlly significant. . . 1
Heavy calling of lonus li? the hanks,
and nroliibltive call loan rates occa- .
sloneil several diastie react lotmrj move
meiits. Yet there xw reall no acute
weakness in the market in ,nnj time.
Nothing approaching drinornliaulion
which would reasonably have been cs- j
pected in view of tin highly '"l,i,,''ll
character of market slructure. I lie 1
hen I shakedown, 1111 to this time, niuniintet. 1
i nntlilm; more than 1111 orderly re- ;
action. It in no sense approached the j
.In v slump, also occasioned bj tight
nione.i. although the average price of
the industrial stocks, previous to tile;
current downward swing, had mounted
much higher than before the .tul,
break.
I'nless surface signs are gientlj mis- '
leading, the speculative enthusiasm has'
not waned, but is onlj under restraint.'
This opinion is seemingly continued
in the rendiness wiith which the large 1
ohiino of stocks thrown upon the,
market, either by for 1 or voluntary
selling, were absorbed and digested. !
There is n strong belief that the j
monev difficulties are only a temporary
condition nnd that if Wall street is
hie to hold down speculation, for n
sliini time money market conditions
same 1 ... i.,.,nii nnrtnnl ncnin. Hank
ing iuterests as well 11s the important
I market leaders want 11 breathing spell
in order to prepare for nnotner upward
movement.
Many more reasons are to be found
to induce the holding intact of belter
seasoned industrial nnd railroad issues
him lo part with them. The immediate
future trend, however, depends solely
upon the attitude of tlie banking in
terests. It is n question of "thumb1!
up" or "thumbs down."
MAY LEADS DECLINE
IN MARKET FOR CORN
Bearish Sentiment Dominates
Pit, Accentuated by Weak-
New York Bond Sales
lummnTv of th" Individual transac
tions on the New VnrL- Slock Exchange.
ness in Foreign Exchange
Am AE K " 5s
Jtlllll . .Ill" 'i
Am solicit & n 53
1II0II0 .
Am Tel &
'IIIHI . .
.
v
.HAIN l'Bl r WBATHKtl muibi'ast
Cilcuro. S.n k Illinois Missouri.
Wisconsin end lown t'rnbiiblv r.iln 10
night and Mun-i.tv Minnesota Probablv
unoiv or rain tnnlfiht anil Sunijav: enld
wave Hundav North Dakota Snow ths
afternoon, fan- i.itnlaht anil Hunda.. cold
wnve. South liakota Wnow ami colder
tonlnht. eold iv... SunilaN unsettled and
colder N bi .ska ltaln or snow tonis-nt
and Sunda . -dder. Kansas Rain ti
nlKht and Kundm snow nnd collier Sun
day. MtmtanH -Pair totlht and Sunrtav.
colder tnnlclu warmer Sunda . Wvotnlnc
Unnettled with snow tonlshl and In
pouthwest SuiuIh colder.
Chicago. Nov. S. Hearisn sentinient
predominated in the corn pir this morn
ing, and it was accentuated b weak
ness in foreign exchange. Trade cen
tered in Mn. which led the decline
Tinder cenernl selling by commission
houses.
It was generally believed thai the
outlook for a heavier movement hud j
been materially improved by the re
rfbval of the permit, system which goes
into effect on Monday, and leading in-I
dtistries were said to have reduced their
bids for the cash article from (I to Sc.
After the start there were rallies
ilm the bottom on covering, stimulated
b Jdvanccs. in live hogs, but the under
tone remained cn-. .
'The arrivals here today were 1-4
earn. I
December opened at ?1..'U1.. to $1.M. 1
against .1 .:i."tn at the end csterday. j
January started at tfl.-N to Sljs'..,
-omparcd with rJl.Jlt'.j. yesterday'sjast 1
price. Mil1 was quoted at ?i . 27 to
S1.20J. at tin outset, compared with
S1.28, "vesterdav's last price, alul then
Bdld at$l 27:ls-
Oats started easier under selling b ,
t'ommlsslon houses and local interests.
There was a fair demand and prices un
proved after the opening. I'roniincnt
cash houses took Ala) and mosl of the
business was in that position.
The arrivals here today wei c SS cars.
December stinted at "(IVs to 7tl!)'i:
nnd later sold at yc-tcrdu. 's last irice
of 71c, May ranged from 74 lo 7:i:VC
tip the outset mid moved up to yester
day's last price of 71'Hc.
, The receipts of wheat here today were
fi.T earn : nt Minneapolis, Kill caw; at
X)uluth, !I2 cars, and Winnipeg, 725
Jars.
COTTON IRREGULAR
AS MARKET OPENS
Am Tel &
1 lion . .
liuiiu .
iiiud . . .
1000 . . .
Am Tel .1
('.nun . . .
inim .
211(111
1 umi . .
1111111
::iiiio . .
JI1IHI .
noon
1111111
."illllO
riiiim
4111111
11)0011
Kino
umin
K11V2
Tel clt
. so'H
Tel 5a
. Mis
Slrs
. XI
. SITs
Tel G
. 100 Vii
. inn
. nulls
. loo
. HIIIVs
. 1 mi VI
. lunVi
in v 1
117 .1
utVi
!UVi
at Vi
UT.'.
at
10(11) . ,-,'!,
:101m . y.ii, I
K (' l" h & JI Ity Is 1
I0IIII . llll
Kan City i: So 5a
ilium . .-:!,
L Steel Corp of SO
looiio . , . on
loili) . DHWa
5(1011 . . . jh
tOIIIIII . i( 7 .;,
LehlRh Vnl I'unl O.s
loon . . . I0l!
I.ons Uland un la
L S & Jt S 4s of 8
-Mioo .... Kfl-S
fillllO . . . (1!)'
Mldvnlc S & Orel lis
sunn .... sm
Milt X- fit f.nt.la la
Anglo-French Os ,()() sg
Slum .... so
.Mont I'oiver Cs
-1)1)1) ... 8!)
X O Tex & Mux Gs
liiiin . . . n.i
1 linn or. w.
i'l M VI' till llll ill
lono . . . :'i
ifltio .... its 1.1.
N' V U & West 4s
I (Kill .... Ii.1
N York Itivy ts
10(1(1 3.11'4
:1111m . . . :;."."
N Y Tclcphoneu C3
'jooo .... ICT's
Iiuoo .... lis
Norf & West cv G3
noiii) .... 103
Northern Pacific 4s
Kiooi) .... -;,.
N' West States I Co
I11110 .... sn
Penna H It Ga
-'(ion .... !)3,i
Pere Marquette 63
Kino .... K.I Ik
Pierce Oil of 24
loooo .... 1041,1
.".000 ... .104H
Readliiff 4s
aooo .... 83)N
.1111111 . 8'i'K.'
Hep I fc Steel Gs
ffllDO .... tltli.
.",1100 . Ill
llwy en ' Kepub of Cuba 'Ot
juiio .... :n
St h & S Fr aj
1 1.1000 .... 3!Vi
1 St & fan Fran In
5;onii 3!IV..
St L & San V So A
' 8000 . . . SB 14
I 1000 .-.!-)
St I- ft San F Sc B
I 10(10 . . . 118
I St L & S West 4s
1 101)0 . . .80
I St J. & S '.Vest Gs
I SOim . . .at
. Sea Uoard A L aj
11)00 ... 17
So Pacific cv 4s
Bono ..... 8tv,
So Pacific cv Gs
Pat
-'mi
ion
50(1
inn
'ion
lono
inn
Jon
Jim
Joo
1400
voo
ton
una
1700
TJ00
.oo
son
11 UK
(((U
.'3(1
.1OO
ton
KID
ton
i-in
too
inn
ttoo
vihi
100
con
too
700
too
1100
MO
I!) t!)0
ton
Ml)
.'70(1
.1(10
till!
JJH
isruu
Jjo
sun
'Jim
:i)0
iw
1.H)
on.
1030
1101)
JOO
.1 10
J'JU
.130
;tio
Kill
100
"SO
1'JO
iaoo
111(1
1 no
1IW
2 iv.w
1 no
SU to"
nun
1 on
KiJU
I7i)l
4(1 n
100
iw
Vi to
l(IU
Plv
in J
7
I. Ml
I1".l.
ilign t,ow
Adams Ktcpiesn Sit Sd
Advance Itumely .... 1:1 4:t
Ajax Ituhber Wi 03 V4
Alaska liold Minei .. SVJ 'i't
Alaska Juneau a M... Us Hi
Allls-Chalmers Mfg .. 17 W
Allls-rnnlni Mfif pf . . . DSVa urYi
Am lleet Sugar .. .. tld'a 0
Am Hosch Magneto . 14:Tb Vi
Am Can f.V Hi
Am Car & Foundry .,1.194 IS'I
Am Hide & Leather . nc :i
Am ffldo a 1-entli pf.131'4 :t'2
Am Intermit Corp ....154'i
Am Linseed Co 87 ?4
Am Locomotive .. . . tn"
Am Ship & Commerco. 11
Am Smelt & lief (S54
Am Steel Foundries .. 44',.i
Am Sugar ltcf 1S994
Am Sumatra Tobacco, 1(1.1 'a
Am Tel & Tel
Am Tobacco
Am Tobacco pf new
Am Woolen
Am Writing Paper pf
Am .1 no Lend & Sin
Am Zinc L & H pf...
Anaconda Copper . .
Assets lleallzation .
Akso Dry floods
Assoc'ntod oil co . .
At! Gulf H W 1 S S.
Atch Top & S.i nt, 1 Fe
IIKl'i
.3039-4
. Ollii
,ias?4
0.1 1
'1
'. M
BB&i
3tt
. fll'A
.141
h(l'4
Atch Top & S F Pf . . 7!H
Auto Sales c urn ctfs. 18i
:t Auto s r: tem ctfs pf. :it
llaldwln Loco Wl(s . .1311
Ilaltlmoru & Ohio . to
7 Barnet Leather Co pf. lit
s llanctt Co i34
. llatopllas Mining l'2
. . Methlchem Motors . 3(1
.1 Bethlehem hit. 1 . ..101
.1 Hethlebcm Steel 11 tM
Uootb Flshci-lc . . IH
(1 Brooklyn Union (lus iMJ'o
IluttB & Supeiloi 1 'op 'H'A
SO Dutto Copper .t 'Am. 10
.. Buiterek Co 3nfa
. Caddo Centiul O .1. It :ViA
t fiilifoinla IdUktiiK 3',i
CKlM'oinlu l'tslroleum SI!S
Central Leather 1(M?4
7 Central Leather pf...lll!l
I Cenu de 1'uhcu Cop . I.H'i
1 Cerlum-'.eiil Prod C till
s, t;hniidler Mutorw . . . l.'i.l
I ClivHiipuiiki' & Ohio f.!l
. Chi Mil" St l'uul 4 18
7 Chi ."4 .Voithwtsttrii . HI
. Chi UuUi lal l'uc . . '.S9i
.. Chile Uoppir 'H'A
3 Cliluu Copper 4ia
. . f 'oeii-Col.i. Co 43Ta
Colorado & Southern. 3J
4 Col . South 1st pf . od!4
4 Column Has A: Kleo . (,3J.
I Col (Iruphuphono ... 7114,
7 Conaolidutud Gas . . . t3J4
7 Continental Can ... . 'J4V4
.. Continental Car.Uy .. li'A
.. Con Interstate Cal M. 18?a
,. Corn I'lodULts ltcf ... 13
13 Crucible Sliel r .'.11
.. Cuba Cane Sugar .... 4.1
7 IVere & Cm pf . . 11") '-4
III iI Lack & Western . It.t
.. Den & ltlo (Jrande pf. 1714
3 121k Horn ('o.il Corp. SV4
Armour & Co Has
1111)11 . . . S'i'Si
Atch Tran S L 4s
JOOO 7CV4
A T & S F adl
.1000 .... "l!h
A T & S F Ry 4 s
11000 .... H:!i
4000 .... "KVi
A Coast Line 5s
Sliini .... '.' 1J.
Bait & Ohio 4s
lono '. . . 1714
I noo .... !7V4
Bait & Ohio Gs
10110 .... 0
"IIIHI ll
Baltl &. Ohio Cs
7000 314
p.eth a Corp fd
.. 8S'
C Gs ot JO
anon
Ilelh S
.-into
lono
noon
8X
87 -I
t iDii ::. nn
u 7J0
310 K
I ton
, SID 3
4 III 3
, ino
r.i).i
SDO
i no
700
it. .-
IU0
3 cm
X3 I011
I is m
t 3J
a;,: inn
i no
i 3)0
2Z io
030
coo
i 130(1
3 1 no
300
3on
low
cno
ICndicott- Johnson ... 15(1
Krle 1"J4
Famous Players-L ...lf(
Flsk llubbir 4!!
Frceport Texas tl'a
Gaslon Wnis & Wig.. 33 14
General Cigar Co ... Mis
General Motors Corp. .3111
Gen Motors Corp deb. h7
Goodrich B F S7Ja
Great Northern pf . . b
Gt Northern Oro ctfs.430
Gulf States Steel h
Haskell & Barker Car. ti35s
Illinois Central 13?3
Insp ration Con Cop . . Mi
Int Agilcul Corn .... 34?i
lnt Agri'il Corp pf.
Interbor Con Corp .. SU
Inter Con Corp pf ... 1
lnt llarester t37Sa
lnt Mer Marino S4
Hit Mer Marino pf ..110 14
International Nickel . "7?8
International Paper . 77 A
Iron Products Coip ''t Yd
Kan City Southern l
Keisey Wheel Co H"'
Kennecott Copper .... S-Ta
'A
N.I
im
lis 'a
44'4
tan
1113
tinM
3111
(i:i 4
I3S55
SH
31
.IS
;.17a
3-1a
MVn
HI
I7!l
III
7HH
I1X
:u
134 y2
3!)JS
113 U
131
l'j
3.1 !4
1(11 Vo
HiH.
IVH
fls
34 '
. m?4
ii
33
Sl?4
f.I
III3M
10834
SS
CO
13414
i:Va
til
38 H
3114
tlYa
Vi'A
r-i'A
j 'i
i.:i Ys
Tl)?!
n:tJ4
V.Ys
11
1S?S
!I3!4
V3S14
43M
100)4
S3
7
'li'A
i::ii
is!4
Kli
4!lKa
44
ilil
blYz
33 Hi
8?K4
4)194
S'4
13(4
C3
.is
34 14
8(i
.i1
194
i:i75s
." ?i
IIOKa
'-?4
7.7(4
.1414
18?a
IDS
33 5i
1 1 -30 Net
I.aat Phge.
30 -13
I
93(4
3(4
no
139(4-
(13
134 -
311 -131
(4 -133
?4-
S.i -101
-
41(4-
(',8(4-
44(4-
ir.ii -
103 -
nti y -
301 -
99i
13SH
CSI4-
31
.iS
(!.ij'a
:i?8 nlTa
Ml
119
111
7flM
UH-
3t
13t'4
1(1 -I
b-.m
i:tt i-
1-6
3.1 14-
mi5a-
le4('8-
iv, -
.ISt'a
3114 1(194 -
39
3'! -
tHi
fll -11394-
1089-4 -
8 -
(III
81!-
9
-I-1894
4
H'A 41(4-43J4-33(4-
.10 '2
1.314
i
l!3!4-
14 -
I8M-12(4-
138(4-439a-
111014
Ife3
17
21 W
13G -
1.1(4
lt(i -
19J4
44(4-
3.1(4
81(4
3!)l(4-
87
87-
4194-
ISKt
Ci
13 ?a
'a
Vi
la
V'4
I
'.'94
' i Vt
'4
Vi
194
19a
94
(i
IV
I
Vi
14
Vi
96
194
9a '
(4 1
Wi
Vi,
194
15 1
94 I
V5
1
',
194
'4
IV4
''-4
H
4
1(4
Vt
'2
Vi
1!4
3
(4 I
n
9a '
Vs
On
Rlile In UlKh
I7nn i.-.'it Keystono Tiro & Hub. (4
(WOO u Lackawanna Steel . . . oil'
400 Lee Ituhber & Tire... 3(1(4
(100 3. .VI Lehigh Valley 4(!?i
ion
10(1
1(10
inn
.',10
810
I Oil
300
4300
300
nun
j ono
ino
.-10(1
1410
91)0
100
3 so
141)0
inn
3IU
lift
301)
too
930
31ili
ino
I .VI I;
(10(1
Ki'10
icon
. 301)
400
13 Liggett ft Mern Tob.WI
1
3(4
'4
9a
94
94
394
58 -31(4-hli
-
eu
l94 -
1.17 94
COli
niiVi-.94-7.1(4-54(4-
19
lus 4
33 n
(2 I
'-4
Vs
94
300 :i.n
100
1113(1
I It'll
II) Oil
.1110
1(11.
I Slid
Hid
II) I) (I II
700
Kill
.'ill
lull
Olin
311(1
I0U
311(1
Kill
I till.
3IIII
83 Id
Villi
41 II)
;i)ll
141)0
11)0
KUil'l
COO
1.7 1 llll
1000
li .1
;30 1
(it no I
tm .".
n;i :i
tun lo
300
COO C
I'J.I
9sOI
Kill S
10UII
8iin in
101 I
ino 7
3011 3.50
11)11 10
ICO
to llll
nan
700
M9
10103
1.11
307(9
II
i 0
...I)
ion
ci.i
too
1190
151)11
3709
3M10
1500
400
:oo
ino
:inn
inn
Loose-Wiles HIrcuU . ;(i
Lorlltnril P Tohacco .30.1
Manhattan Shirt 31 !4
Martin Parry Corp. ... 31 (4
Maxwell Motor 19
Maxwell Mot 1st pf .. ?c(i
May Dept Stores . . . 133
Mexlc.-n Petroleum ..31,114
Miami copper ...,N, tr'4
Middle Stales Corpn . (.3
Mldvnlo Steel & Ord. 51
Minn St P & S St M. 87
Missouri Kan & TVx. 13?a
Missouri Paclflu 3(1
M ssottrl Pacflo pf .. 4894
Jlonl porter pf Ion
Mullltn Mony 4894
Nat Aniline & Chem.. 73
National Cloak & S.. 83(4
Nat Conduit. & Cable. 14 JB
Nat Knam & Stamp . . 8394
National Lead Co ..... h!i
New York Central ... 14(4
New York N H & II. ai
Norrolk & Western ..ml
North A mer ran Co .. 58(4
Northern Paclflo .... hi;
Nova Scotia S & O ... 79
Ohio Cities Gas . . .13
Oklahoma Proil&ltcf.. 10
Ontario Sliver Mining. in?4
Owens Bottling Macti. in
Pacific Development 17
Pacific Gas Electric 1394
ii Pan-Amor Petrol ft T. 138(4
Pan Amer Pet rts
Pennsylvania 11 It
Penn Se.tboatd Steel
Peoples Gas Chicago
Peru Marrmetto . . . .
Pero Muni prior pt.
Plcicc-Arrow Motor
Pieice Oil Corp .
Pierce Oil iif
Pittsburgh Coal of Pa
Pond Cieek Coal . .
l'l fMseii" Steel Car
Pullman Co . .
Puma" Alegin Sugar
liny Cniitol Cop . . .
Itallivtiy Steel Spring
lending
lttmiiiiKlon Typewrit .10(1(4
Uepublie lion A: Stoul.l3S?4
ltupuli Motor Truck
Ituyul Dutch N Y .
Suvnge Arms Coip
M.ixon Motur
hlinttiicU Alii Co
Slnclulr Consul Ull
'SIojs Sbellleld S & 1
c Soutliurn Pnclflc . . .
Southern Hallway
1 Southern ltailwny pf
1 Strombcrg Carb
I Siuclubaker Corp . .
." Slut. Motor
3 Superior SI eel Corp .
(I Texas Co
Texas & Pacific . . . . .
II Tobacco Products . . .
" Tninsuo & Wrns Steel,
Transcontinental Oil
S Underwood Typewrit
Union Oil
in Union Pacific
I United Alloys Steel
7 United Drug Co ....
Un Drug Co 1st pf .
United Fruit Co
Un Uv Investment .
United Iletall Stoies
U S Ind Alcohol . . .
U S Iiul Alcohol rts
U S C I P & Fdry .
U S Kublicr .'.
U S Smelting U & M. 51
U S Steel 10S94
Utah Copper Kl?6
Utah See Corp "1394
V.a-Carollnu Chem ... 78'i
Vii-Cnr Chem pf .. 114(4
Wabash pf A 30(4
. Western Pacific 34(4
. Western Maryland .. 1354
4 West.nghouso 10 & M. .'094
4 White -Motor JuVi
Wheeling & L Urle .. left
Wheel & L Krlo pf . . 2494
1 Willys-Overland 31
5 Wilson & Co f,-
Wortblngton Pump ..Id39a
0 Worth Pump pf B .. ,7!l
7 Woolwoith Co pf 115(4
II
314
43J4
43(4
HI (t
33 Ja
(,i9i
!l(i
31
II 3 14
I,.".
38
11)3 Ja
.13.1(4
. 8C94
33',
1113
83?i
(.3
IKI14
. 87
3194
13
. .19 74
. 74
.11354
'5 (4
13 "
i(4
137
13,1
18
.33914
. C3V4
llil
. 17
. oo 14
.17.1
41 (i
..13S94
394
. 1.10
. 53 Vi
.303(4
. in
.114
.115)4
. 4.1
. 3S14
. f.l.l
Low
1 3 '4
13(4
Hi 14
4flVi
33.1
7
30.1
31K2
31
in
711(4
l't
31194
3fila
(.3
A3 (4
87
1394
39 9i
4S'4
inn
4894
7354
83(4
1494
8314
ss!4
7IV4
3394
101
.is (4
8.1 Vi
79
A3
HJ4
ill 94
i,(i
7C
(,39-4
13714
3!4
ftVa
43
40(4
a94
(it9i
639a
4(1 94
U3(4
(114
3S
K'194
13.7
s 94
3314
1U3
S3V4
99 Vi
135(4
13
H 194
8094
94
13
59
77(4
I til (4
..IVi
(3
il.1
131 Vi
135
18
:!-'!)' 4
f:Vs
.101
( 7
S9'j
175
41
131
f394
SI)
S3!-!
313 li
IU
li3?4
113(4
1394
3S',
13394
li k
in: '4
fn?4
I39'i
585-a
11414.
3114
Stl's
1314
f(i 14
:94
10H
24
;;;t3-a
83
1()3?4
79
11.1(4
11 30 Sel
Close r'lu;e.
(3'a- I 'a
1:3(4- 114
30V4
4(194- 94
33.1 - 314
1(1 - Vi
30.1 - I
3114
31 - (4
19 - (4'
1(114 - Va
133 - 1
213 - .194
3014 I Vi
(.3
5314- 34
87 I- 4
1354 '-'n
2994 - (4
1894 4- 14
10(1 - (i
48?4 1- Vi
73 V4
83 Vi- li
It 9a t- !'s
83(5- Vi
hSVi- (4
11(4 4- Vt
3t Va
ml ' I
5S14- (4
s.l 94 - V-4
79 - 1
.13 14 - 94
Mi
1(194
(,(! - 3
Hi - I
(1394-1- Vi
13794 - 94
314- Vi
ViVi
42(4- 14
40(4
STEEL MILL OUTPUT
IN ON THE INCREASE
LOCAL STOCKS IRREGULAR
IN VER Y NARROW MARKET
Coal Strike Has Had Littlo or
No Effect Upon Operations
of Plants
Price Variations Confined to Small Fractions Money Market
Conditions a Restraining Influence
(il94- 'o
M'4- 3'A
V04 9a
U3VS- 1
Hi4
38 -J-1. 9a
Ji-2 14 - (4
13.1 '4
f-94 - 14
33 e,
102 - '-2
83 Vi '4
91H4- 94
1 3.1 14- 3!6
(o
ll'lM- IVi
Mi94 'A
.1H4- IVi
13
.VI I
78 - 154
11014 - 194
3.114 1 14
( 3 ,1 Vi
9S r (4
Neu Vorli, Xov. S. All the 1 epulis
rci'i'lveil by the sleel roinpaiiies with
headipmiiers in. 'this cilj slate Hull (he
real strike thus fur has had liltle or
no effect upon Hie opeintions of the
plants, and about tlie only result from
the coal trouble has been an increase
In the demand from some consumers
wim nre niixloiiH to have orders for
their reipilieinent.s booked so as lo la
certain to itet the products when needed.
As 11 matter of fact, if aiiytMuc.
there has been all increase in Hie olit
pul of the leadiliR sleel mills of the
country duiini; the last week. This
t due lo the additions of plants to the
operntinK list wlicrii siiUiclent workcts
liave come back lo tlie mills. The sleel
sltilic situation Is pelerini; nut of its
own wclcht, and llils factor is rominc
in for liltle cotisideralion wlien the
future is lieiiiK discussed.
Due factor whlclb Is pointed to as in
dicating the excellent position of Hie
steel plants, despile the coal strike, is
the activity in the Connellsville coke
ri'Rlon. This is where the (,'retitest sup
ply of coal ami coke for steel mill
operations comes from, and ns this sec
tion is nun - union, production bus shown
11 rapid (tain since Hie miners left their
woik ill oilier sections.
The demand for coke naturally lias spiculously
increased and Sli per ton has been freely
bid for spot delivery, with sales made
at (hat lijturp alul the outlook that even 1
blither prices will prevail for immediate
delivery material. This is true despite
Ilic steps which have been made and are
still beini! made to increase the out
put, ami it is freely stated in well
informed iiiuirtrrs that if Hie coal strike
I should continue for any leiiRth ot lime.
I the Ciiiinellsville region will reach pro-
(Miction Ukuics never before equaled 111
i tlje history of Hint section.
I The report of the Mldvnlc Steel and
Oi-diia t'u. for the third ipmitcr of
this year, which was made public ilur
itif; the Inst week, made a.eaiuparativc
lv (,'ood sbowiiiR but nt traded no sur
ma 11 v liei-uusc ir was 111 11111
Tlie local market settled down into
M'ry tuiicli of n perfunctory uffnlr
usually witnessed mi the linlf-linlldny
in liiidiltinincr. The tradliiR was ex
tremely limited nnd price cliniiRcs, apart
from a few inactive issues, were con
lined to small fractious.
The wnitiiiK clinrnetcr of the iiinrkrt,
which was more pronounced limn in the
prc'cediiiR sessions, wns lo be exu'eded,
in view of the erratic K.vrations of U10
hlKKcr market and Die natural restrain
im; inlliieiices ot tlie money market con
ditions. Tin' local market iiceominoda-
lions, of course, are of meagre proper
turns compared
with those of the big
board, yet the same inllnenrcs propor
tionately prevail.
('onslilerinu the surrounding circuni--Innces
and condition, the local mar
ket, as a whole, lias stood up reinnrkn
blj well throughout the we.ek. This
would indicate there had been relatively
little over-extension of speculative 11c
lounls in the local stocks. It would
iil seemingly indicate recent spectac
ular upwind. Mights in a few of (lie
seleeleil issues had .more substantial
basis limn a mere speculative move
ment. It is true, at intervals the iniir-
et tor these spcoiuT issues was
thin. Yet invariably
con-wheli
conditions improved substantial recov
eries were mnile. In short, it Was shown
Hint tlie supply continued extremely
limit id . So long ns this state of nf
fairs exists there is little danger of n
serious backset In these favorites.
These same stocks, however, mifchi ns
in the preceding sessions, were wholly
neglected in the tlay'a short fcssIoii,
I'leclric Slornge Battery moved within
11 range of a point btitwecn l-KI and
111. In the first liour the General As
phalt shares were without 11 transac
tion. Modernte selling appeared in Tnkc
Superior Corporation, which apparently"
represented further adjustment of
speculative nccouiils, and brought a de
(line of ; lo 22i. Dribbling liquida
tion was also in evidence In T'nilcd Gas
Improvement, bill the offerings were
readily taken at a coucessimi of only
1111 . Keystone Telephone on small
sales declined -i cents to 11. Ameri
can (lus advanced SI nl. -111. l'hiludel
phia l-'leetrlc conlinueil firm nt, 'ii
l'lilladelilhia Rapid Transit certificates
moved up "", cents lo -7, while 11
small transacliiui in the unnssented
slock, which I1111I not been dealt in for
'nine time, curried Hie price up $2.f0
from the previous sale to -7-''k, or to a
eloper parity itll the trust certificates,
There has never been any good renpon
for such a wide spread in the price be
Iween tlie two issues.
Philadelphia Stocks
pre
with the repiirls made by I he oilier lead-
1 I ing sleel companies
during
the
last
tin
laivi-
4.S -
:3'A-'3(4-
1111
17 I-
.19 14
17.1 .
II -134
f.394
150
.1314.
3(134-
III -
M3J4-IL'tn-
13 94 "
38(4
13394-1394-
11172
nH 139-4-
1KJ4-
11414-
30(4
31 14 . .
13(4
ll(4-
14
1094 -34
-
::i?4
t:i 10:194
7U
IMVi-t-
1
1
1(4
194
VA
IVi
94
IV:
(4
94
194
Vi
- I
Brooklyn Un El 1st
-.1000 "KM:
Central Leather 3s
fiiioo .
Cen ot Oa
tliiiin .. K
dies & Ohio cv
53
3001)
3IIH0
toon . . .
Chi U & Q
1 IIIHI
Chi B A: Q
.-.II III) . . .
Midi) . .
2I100D .
'(100(1 .
Chi & East 1)1 Cs
.loin) .... 71V4
Chi (J L & C CoCs
71100 . . 113 If.
C M & St P cv H
83
S3V
81
Bill
SO
43
. 11.1 V.
. U.I Vi
. 9 :.',.
H.IVh
STATE OF TRADE
The trade reviews for tlie week state
that, in spite of widespread disruption
because of labor disturbances, business
in the retail markets has been well sus-
itained, with scusonahlc nii.nng uegiu-,
ning to be felt as a result of the cooler
I weather.
! Dun's lleview says:
"While consumption of commodities
I has perceptibly .diminished in quarters
! where dishursuineiits of wages lias been
'npprccinhli reduced by idleness at vari
ous establishments, et retail trade, as
la whole, is remarkably -well sustained,
'and an exceptional absorption of high
I priced merchandise is a feature still
'commented upon in many dispatches.
"The labor problem, however, not
MUilv remains an olistnele to the ex
pansion of manufacturing facilities, but
I also prevents lull pro. 1 i'i . . " j r-t i i-iitK concerns are worrying about
, instances, and the d s m. ' 'n" - the s ,- of coal 11 little later on. but
tween demand and supplj I id , sh. up, ,() js (. 1( ,.,.,,,,, ,lf ,,.
reiieeiioii 111 i' .......,.,..,. - -----,
I and the accentuated strength of Some
1 leading markets.
Hank clearings
NO LET-UP IN VOLUME
OF WESTERN BUSINESS
Maintenance of Activity in Face
of Strike Conditions Con
sidered Remarkable
C'liii'ilito. Nov. S. The inainleiianee
of business activity throughout the
West, in the face of unparalleled strike
conditions of a disturbing character, is
remarkable. ,
. (lencrnllj speaking, there has been
little, if an. , let-up in the volume of
operations in any quarter, Many uinnii
three or four week
The balance for . lividends for
tlijr.l quarter was equal to 81.70 per
sli'.irc 011 the outstanding capital stock.
1 ipared with but forty-eight cents per
shiui' in the second quarter. This menus
that the dividend was nearly twice
earned during the latest period, whereas
in the three months ended with June llll
liisl the cumpnn earned less than half
the amount thai was pnid lo the. share
holders. Now that virtually all the reports
of Hie thii.l quarter have been made
public, il is the opinion in leading
steel circles thai the liiuil three months
of the year will make n much better
showing t li 11 11 in the third quarter. Of
course, there will be some decreases
because of the interference lo opera
tions and earnings by the steel workers'
strike, but it is hclicw-d thai Novem
ber and December will record sncliTarge
increases Hint the loss of October will
be more than oM-i-.-oine.
In the steel markets mure attention
is being given to railroad work than
any other branch. An inquiry has
come from the Pennsylvania Railroad
for 'JIIII.IIIIO tons of rails, with the pro
viso Unit any order Unit, might be
placed will be subject to cancellation
should the government fail to relin
quish control of Hie carriers by the end
of the j oar. It is believed thai the
steel companies will accept this busi
ness with tlie c unlit ii ms named.
It is learned that the Kelhlehein Steel
t'o. has obtained 1111 order for about
10,00(1 tons of rails ' for the eastern
roads from the railroad administration.
It will be recalled that the government
Low
1(1
li:;
, 11
llls-h
l.i Alii Gas. -Ill
:S1(I Kl Klor..MI
!!.-( Key Tel. II
111111 i.k . 1 or :i:i':( --V4
l.")l I'll It It. !:. ; -II!
::." I'hiin Co; :'.', :v.v-
(lo llll o'lifpf W.V'Yt '.I'VY,
1101 l'liil Klcr.."..-Vi 'Jo
2.-1 ! It T. . 27-'.V 7
S.i ilii te efs 1277
(IW Ton Ilel.
170 Un Trad .".N
22:) ' (1 1... ."Jill,
20 til S SI1.10S
Nel t.lnilme mnile In
.11.' on Mw orli
Hi
"ii.'!1.-:
11
1 hin-
1
rc
cts,
f
s
4l . .
Si -
1J7TS 1-
:t ..
::s v
.-.f! 1,
10s 1.
:is
los
miTini Isun with lai-t
put an inquirj lor 1100,000 tons ol rails
Federal Reserve Bank Statement several months ago. and it is believed
T ondition of the Federal Iteserve!1"" !"" l";'nl or.ler to, tlie net 1.1c-
Hank of 1'hiladelphia for the week ended I "'' ,s !"1!'1 (lf "',1S f"lll',: s ll "
.li.i'ilnv ,.n 1 ,. t . ll... ..;.... Known Ullll ll IlUllloer 01 riuirni 10. Ill-
SUI..H III
1 1111)0
2 1 -.I Am
Klec
V I! &W-ls II'
Slock llxchuoKe.
11.
o 4V
IIOMIs
1 1 lull r.mv
X.-t
cliae.
I
Ml
!l7-'s
M! -
07- .
Philadelphia Markets
.M'sii'i'itny compares
w.-ek us follows :
misouHCUS
Novpmb -r
cola
(....1.1 ...in
. rtiiu .ii.-h in VHl.lt
iJul.l m lll.-Mmit funil
iiiil.1 with furlsn
,.wn. l.s
To.nl mill hell by
b.mk
iliil.l witli 1't-deiul
IT 41 u a, t 1 41 i fruit t
! Unl-I reil.'iiuitinn
lun. I
It. 11.11. 711.1
,-15,71(1,153
1il.173.171 1o.:to:i.'.l7l
$ 1,0 7 K, (10,1
:!.",. 13s, 0112
1 10,0(10, 16S
bl,'.'51,,l
7,l)(l1,3lll
S47.10O.U-JS 1
7-j.r.ui.risr.
15,17!),.". ll. I
-I'.iial ifold re-
I.-!...! iinil.'i-
HH.M. Pte.
. .. 1 130.1 52. l(i:i 1134. Sim. 111:1
100,203 l'H.1,1117 ! lions
are 111 rutner urgent neeu 01 tlie runs
j for replacing those nearlj worn out.
There has been little or no change
in the pigirou market. Consumers are
still scouring the market for spot ma
terial, but furnaces are not in a posi
tion to take any large orders for imme
diate delivery. Some smull sales are
reported to have been made. The gen
eral opinion in the trade is that prices
will be advanced after the turn of llu
cnr. as there is a tendency on the pari
of luiiny producers not to accept orders
for future delivery at present quota-
PROVISIONS
-'h.' niHtkct whs nup-t e.ml without iln-
pol-lulit thiiDKi-. .Thi'1 iiuoliitions were iir '
follows: Heel. In Hi-ls, smoked and alr
drled. 55c. lu-'-f knucklfs nnd tenders. 1
smoked and ulr-drind. r.Cc; pork, fiimlh, ,
,17c: hums, 8 J. 'Hied, Itiose. 27-Sc; do,
skiniie.1, loose, 114 rti 27.. : do, do, smoked, ,
L'lti'-!)C: hums. Iiolh-d, Pone t-ss. -l:tc; picnic
shnuldPl-s, S. 1'. lun-d. loose, lllc, do.
smoked. 2L'e, belli.'H in liickle. toosi;. 2'.'c-.
hrenUfiist l.iuiou, :i.m-: lard, 31'c. .
REFINED SUGARS
.SumilU-s were sniall nnd the market ruled
Aim on a liasis ef lie for fine ernmtt.it. -d.
DAIRY PRODUCTS
c'lllMOSM tilled llrm. with demand absorli
Iiib tie" limited olferhiK" uootatlons ranged
as fot'nws: New York, whele-mllk U.its.
fancy, Kla.1ljr, fair to irood. :1 m Hi :w i, c ;
Wis-consiu, whelf-mllk, fancy. .Hlfii aiPse.
fair to Kood, llldl.l'-'c, Joljbitm; sales of fancy
(joods. 3l(U:!5e.
POULTRY ;
I.1VU Iteally On.- dcslrulil.-Hiz.Hl i lo, k
was well etenned up nt full llnurHS, nut un- !
attractive stock was little wanted -and ir-
r.-sular In value ljuotationi: fowls, fine,
w.-llthiiiff ! His. and ovtr anieee, ILldfaTe: do. I
medium Blze. food qualily, aTiat.-i do.
poor, -l!. -Sc: ehieki le., line rill.ility, 3llJ '
.'lUe: do, lnfpl-lur. 21tf-Sc. old loosters, 21 ,
'H22e- duck", while 1'ekln. ,12ft 3 le. do.
lntlian Hunn.-r, 2s:ioe: ueese. 2(l(f. 30-.-: tur- !
k.-js. :t2it''3(lc-: l.lKeuiis. old. tier pair. :!21i' i
:i5t . do, younir, per pnlr, 2Sii3nc. Kulneas,
younK. per pair, weinhint; 2 lbs aul ovir
alilee.', SI. 7.1W l.s.,; weiahilnt 1 W 1 i lbs
apiece. 1.3(lfH (1.1; WHlBhlnir ISM'i lbs
upleee, $1.105l1l.:to. sulneas, old. per pair.
11 WW 1.20.
LIVESTOCK QUOTATIONS
( lilcncn. NiC. S. 1IOO.S Mmtmatpd i.-i-Hlpts,'
a.-.OO head; left over. 5.1,1.1 head.
Slow to open: f' w earlt sales Ilk In tec
llliiher Av-raii.- t.ost esterday. $1 I 'III
t'ATTI.K Kstimat.-d liolpte. 4IHIO hp.nl.
Slll'llll Ksllin.il. d receipt; hllUII he.ul
S;":
Total reserve tl3ll.:U'.',atl7 J135.II2.1.110 '
Ginning Figures Considered
Bearish Spot House and Wall
Street Support Withdrawn
1000
1(101)
11)01)
.' JI &
10011
chi n
iii.i.i
iiiiio
iiiiiii
72i
73
st r
i'&'
CblTON BE 1,1
w Vork. N
jieraturea were
WKATIIKR
The In
...NDITIONP
lowtnir leni-
orded in the cotton belt
thin ninrmnB I'klahomu and Wllminit-
ton, 411, Knri Kmith and I4llle Iloc-k, 4S,
&temphls '.a shreepori. Nachvllle. Au
CMsta ami AUunta. .".2: Vkksburj, Mncon
and Knoxviiie nil: L'harlestmi. SS. San
-Antonio. Montgomery and Kavannah. CO;
Jacktonvllte nil: Tampa, lis; Pennacola,
7() New Orleans Corpus Christ! und Gal
veston. 72 There was 01 Inch of pre
cipitation nt Oklahoma City, .01 at Lit
tle Kock and Memphis. IS at Shraveport
and 1S4 at vuksburi;
s 'New York, Nov. S. The cotton mar
Uqt opening wiis somewhat irregular,
tirst prices being from 11 points higher
So.- points lower.
f The ginning figures were considered
llfarisli, aa they reported unusually
large amount ginnings for the period,
pjiowing the rapidity with which the
Maple is being marketed.
Spot bouses and Wall street gave
good tmpport nt first, but this was later
'withdrawn and stop orders were en
countered, the list show-in,.; about 'JO to
W points net loss at the end of the in
itial twenty minutes of trading.
A wire from Dallas, described condi
t'.ous ns, being worse than the general
Jjade appreciates.
, - 'M
cv 6s
73 Tii
Pao fd
filVi
7V.
fills
Chile Copper 6s
lono "?
limn .... HfiVi
2(10(1 .... H.l'i
Chile Copper is
noon .... lists
,101111 . .112',-s
Chin Ovt f 1I-K 5s
loon .... ill Mi
C of X V 4s of C5
I oon . ,iniV4
CItv ot Paris lis
loon Dfl .
2000 . . . !IH!
sooo . . . l)fi
Col A: So llwy 4s
sooo . . . .. a vi
Con das cv Bs
3(10(1 . . H7
Con Gas Co ov
moo smii
2000(1 .... (IDIh
Det ISAison C Cs '40
3000 .... H9V4
.loon .... 81. Vi
Erie General Lien
loon 48
noon 4H
Can Klectrtc Cs
100O 1)5 Vi
aoou .... os V4
Green Bay B
moo a,
Hudson Man fd
20000
50011
A00II
filMIII
11)011
100(111
2000
lono
1110s
I1IV4
111
1 1 1 Vi
I lo Vi
lli 110 V.'
10Vi
Third Avenue adj
1000 . . . .v 29
Union Pacific -Is
4000 . . . .K4Vs
fiOOn . .84.)!,
U K Q 8 & I '21
lire maintained in
remarkably heavy volume tor tins pe
el..,! tin, Intnl this week at twenty
l.militip. elties iii the United Stales
amounting to $S,:!!ll,:i41 .Mill, an In
.,n,. ,.l J" 7 ner cent over this week
Inst vcar and of ."0.2 per cent.
erations has- been- necessary only in a
few cases. The advance in corn prices
is productive of more solid satisfaction
in agricultural seel Ions than anything
else, and this feeling is being reflected
in lie. ivy buying of all kinds' of mer-
' chandi-e.
. Wholesale business the lirst week in
com- ' November will be far ahead of last year
am: is 01 record -orcaiiing propoiuon
Hills discounted
.11, mix l-R (seen red
1 i-iiv. rnment war .
iHillurilliina) JtS(i,5fll.5!.5 1IS1.,1II!I 117 r. 1 K
Hills discounted ' '(015
M.ildiei-a (all nlh- "s I
ers) 23,41.1,2(12
Hills 1 ouitht In open
lllarkft fiRll,73S
-i STEEL IN FEWER HANDS
BUILDERS' I
MILLWORK
Doors, Sash, Mouldings, i-ij
Columns, Etc.
THE HANEY-WHITE CO.
at
Total
h.uel
b I 1 1 a on
.2UI,M12,51I7 112117.82.1,(1 III
s dov-t bonds. .
'. s errtltleotes ot
lad. bt. uness
Total C. H. aecur-
Sl.njl.liliil
29,215,1)00
$1,3S,!l(i
2H, 302. 500
i for
all
pared' with the same week in llll
IH-Illl-ll'-ei s o.,,.o.
...... . 1 1 I...1... ,!..l itFTnr.l nf
"Hie initio mm iiiuhkh "'" , 11,
.irLVv" noeil ho.'0 its unsm- i "-''!" '-" t.o. unjllty of tho rninpro
ccssful predecessor in the steel indus
possible, resulting 111
$30,599,900 J30,flS7,4(ll)
the time of year, t Otton goods of
descriptions, continue to advance, and
late reports 111 regard to eotiou pro
making buyers all the more determined
try. Actual euecis upon ,.,s,, .. ., . - .s,.uiu ... f....,.,,.. 11(ivll(.,.
are. except 111 pui.-.j ""
gions. almost negligible.
expr
pile
Less Cotton
AVuslilncton, Nov.
Ginned
S. The census
t.iirmiii in 11 renort issued today places
1. the amoutit of cotton ginned from the
jfrOAvtli ol uxv Kl ' ut """ i"""
'3five,iuber 1. ut ll,'J7,8llil running
jbtiles'. eounting round as hnlf-bajes nnd
x-aIh.iIiit- lintem. against 7.777.1WI
illles In tho fame time in ll'lfi and
- Y.IMulTS bales In 1017. The amount
.;i,l..u TO.rilll round bales: 14.0S1
"ai,,,ii nf Anierk'un-Kgyptlan and H3U0
.Jleii ot Bea isinnu.
! 7 iW
97
. 117
. 97
. l)
D7 H'
& I '37
. 92 V3
. 1ISV4
. 9,1
US III
. 2 'Si
. !
. .92
. 92
tOOfl
3(10(1
looan
2001)
Illinois
1000
B.I
. . 55
... .15
. . 55
Steel 4 Vis
. ... 82Vj
Imp Jap Cvt Sets gs
1000 81 Vi
Inter Nfer M 6s
2000 ()
300(1 . . 96
2000 USMl
lnt Met ct 4 Vis
150(10 23Vi
25000 ,. SSVi
Inter Rapid T fd
,10l)1l
2000 . .
30110 . .
10110
30011 . .
9000 . .
U K t(f (
300.1 . .
31)110 . .
100(1 . .
I nun . .
2000 .
1000 . .
300(1 .
3000 . .
U S Realty Bs
11000 .... H7VJ
U S Rubber 6s
Kioo K7ai
U S Smelt & K 6s
Kioo 107K,
U S Steel Cs
100(1 .... 99
2000 .... !I9;
47000 . . 91 Vi
Un n It ot S K 5a
31)000 .... 75
5000 .... 7(1
Vlr-Car Chm Co 1st
2000 95V4
Wabash firsts
2000 .... 91
Wes Maryland ts
Bono ... BR
W Pacific RR 1st
1000 .... xj
Wilson Co cv
8000 97
Wis Cen n R 4s
mining; re
Concern is
saciI whereas in some cases sup
of coal for future manufacturing
,,e,.rK nre siniil . but reports trom large
'consuming centers point to thirty to
'hixtv dins' supplies of fuel being avail -luble,
and conlidence is expressed that
tl... wii-lke will end before the extreme
I pinch comes. .
"Tlie heartening effect upon business
men of the strong stand taken by the
gicernment to help order and to insure
the non-union mines, which employ a
'third of the soft coal miners, running,
'and the results of the Massachusetts
election cannot lie underestimated. It
lis felt that tlie tide has definitely turned
iiu labor matters."
I MONEY-LENDING RATES
I 1'lIIIiAnKI.riIIA fall. ! ier cent'.
time, fi'Kffll! per cent; commercial pa
per, three to six months, fi! per cent,
and six months, .VKjVHI per cent.
LONDON Money is quoted at -
per cent. Discount rates, sJ.iort bills,
5 per cent ; three month bills, fi:H
per cent.
.il rarnlnss as--
2
11.1(12.407 23S.513.3lll
5000
1000
41000
10000
70
10 Vd
7 0
Jovii
BAR SILVER
Bar silver was (pioted in London
today nt H7d an ounce, a gain of Vi'l-
According ' infnrmutioil received
from Helfnst, Ireland, the silnner.s have
consented to take over the Will crop
of flax at the same prices paid last year
and have agreed to guarantee the gov
ernment against any loss. I'riccN last
year ranged from it." to -15 shillings per
stone, Tim decision to maintain prices
was reached at a conference recently of
(.pinners, representatives of tlie Irish
Linen Society and the Flax Society
nnd members of the central furriers' organization.
in prices.
Sleel and iron .production has not
been affected adversely by, the coal
strike so far, as the companies have
been supplied witli fair coal stock re
serves. October export sales were lib
eral, but shipments naturally have been
limited. There lias been moderate im
nrovement ill the steel situation from
a producing point of view, but strike
conditions are still crippling tlie plants
to n considerable extent.
Reports from interior banks rolled
a strong situation, with funds plentiful
for all legitimate needs. Deposits in
both state and nntlonal banking institu
tions are nf large volume.
Railroad traffic statistics for October
rellect the prosperity of tlie est in a
graphic way. October was tlie biggest
freight traffic mouth in tlie history of
the l'.urlington road, and it is regarded
as especially signilicunt that the in
cicase in miscellaneous freight as com-
purcu to wrroner msi, ei s --j ii.- j
cent. Other western roads all show big
gains over last year in total traffic.
Money rates arc steady, business i
houses being given the, same accom
modations nt tlie same rates that have
prevailed for severnl'months. The rates
at Chicago on collateral are fi',j to ll
per cent and ,i'i 10 i ,, 1'er cciu ioi
comtaercial paper, with 0 per cent .on
over-the-counter loans. Collections un
reported good.
Hani en mist ....
Cm oil. (ted Items..
D. .lie tl.ns from
uruss deposits ....
Due front Treasurer
' l' s. 5 fund
K..1 iteserve hank
Holes
All oth r resourcB.
jsno.oou
177.
.111,51(1
.01.510
1.15II.IIH0
(111.1,953
Less Commori Shareholders
34o..i,ii)! Encl of Third Quarter i i;i
,..... New York, Dec. S. Holders of the ::
'' (common shares of the Ifiiited talcs Steel i :::!
t'orporntiou nt the end of the third ::
quarter numbered 7.'!,-l."(l. u decline of ::
(Un fer.ni llw. lii'lirew lit tin. eml nf Ihely:
second iiuiirlcr. The lirst ipiartcr of ' ::;
the year showed the number of holders
to be 78.01S.
While the number of stockholders has
declined, tfthc liquidation of small hold
ings has not returned stock to brokerage
houses, for the holdings by brokers are
smaller than at the end of the second
quarter. In other words, investment
holdings have increased, although the
number of shareholders has declined. In
August there were 7S,l,"l holders of
steel preferred
17th
Plant
and Glenwood
Ave.
;5i.,iiiio
171.533,532
71,533.532
I
1.150,(1.10
llll. ISO
Ton, I
resources. .( I5T.0S(1,334 J4 17, 1S7,1(V)
UADII.tTIKS
IP Ml p.
iirpius
' i nin
l)ii in in.
nd In.
nt deposits
mhers, ru
OUIH ....
iMtllahlllty
$7,77.1, s.'.n
,i,ai i,Hfl.i
2.151, lMi
115,003,012
08,039,305
T,77:i.K.1ll
5,31 1.33.-,
Hl.S.IS, 1)3(1
lot.,770.207
01,214, -112
(1,7011,410 (!,3ft2,Sl)ll
liil.-rnd
it. Ills
All other deposits,
In. ludinic fnrelEll
K'i c rninvnt credits
i'.., ...
Us ..$103.703,8S4 JS7. 13(1,441
I- f-d p. serve notes
In aitual circula
tion 210,8011,743 21(1,202.31)5
1-ed ll.mrve bank
notes in actual cir
culation 27.707,120 27.753.152
All olh.r liabilities. 3,5(10,398 2,919,791
Office & Wo.rchouis
21st and Glenwood Ave,
Lists From Plans and
i-j: Estimates Given
;:.-: O
$
Messrs. Marsh, Jcmus & Cfibb,
Ltd., of Hoar Lane, Leeds, in
vite applications from archi
tects who have experience in
the (lcsi'Knins of up-to-date
Departmental Stores and who'
arc piopavcd to submit, in com
petition, a sketch design for
tho new huildinp; they propose
erecting in Hoar Lane,- at n
cost of about 200,000.
Applicants should stale what
similar work they have been
engaged on and give such fur
ther information as they think
likely to advance their claim
to he admitted to tho competi
tion. From the names submitted, tho
Promoters, with the advice of
their Assessor, Sir John .T.
Burnet, L. LD., U.S.A., will
select a limited number to
compete.
In the competition, the author
of the selected design will be
employed as Architect. Those
placed 2d, 3d, 4th and 5th will
receive premiums of 150 Gui
neas, 100 Guineas, 75 Guineas
and 50 Guineas.
Premiated and other drawings
will be returned to their au
thors. Applications should he sent to
.Marsh, Jones & Cribb, Ltd.,
Boar Lane, Leeds, England, on
or before Saturday, November
15th.
.i.'.sin,itt"gag4aflinawjnmuiiiuniii iiimnmm
riXANCI.U.
Proposals
I'lKiposAi.s wilt, nn itixirni at
the olllee of the ('oniiiilssloiiers of Lower
Merlon Township, Ardinnre, l'a., until 4:00
o'eliM U p. in.. Tuesday, Noipniher lKlh, 1010,
for the urnilluK and macadamizing of Wood
Pine nve. from State road td Mnrv Waters
Ford road for a distance of about 2400 feet
Plans and speeltleatlons can he seen nt
tho ofdeo of the Township Commissioners, 73
V. I-ineaster ave . Ardmore, P.i.
Hlds to be sealed and addiessed tn Henry
Delaplalne. Chairman Highway Committee,
and Indorsed --PropoH.il for Woodbine ave
The Commissioners reserve tho right to
rejet-t any or all bids
a. c Axonnsox.
Secretary.
MlAr.r.ll I'llOIMISAI.S WIl.Ii UK UK-
telved not later than 2 p. in. 'oeniher
2(1, 11)111. for the construction of a re-en-fotced
concrete tunnel and areaw-ay In front
of the Industrial U-il.nratory liulldlnr at
the National Hureail of Standards, Van Ness
street west of Connecticut avenue Plans,
speoltlcntlniis and proposal blanks may Iw
obtained upon application to Ilonn & Pemlnu:
architects, Sl.R Seventeenth street. N W .
Wa-JhlnKton. D. C.
niililrniN
riii; cr.NTitAi. national hank
iir riiii..i)i:i.i-iiiA
Philadelphia, l'a.. November 0. 1110.
Tho Directors have this dav declared
a iiu.irterly ilUl.lcnd nf si per rent, free of
tax. payable on demand. Cheeks will be
m,"",d' mi. y. coNnAD.
Cashier
Special Meftlncs
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
1(115 KEAI, KSTATi: TltUST lIl.Dd.
Imekllcilte und lliljust liiirliierxlilp mill
riirpiiriitlon ihcoiimI,. .h0 lire. are U. H
linoliie Tut Iteturni. '
v
Total liabilities.. $437,1)SI1,:534 4 4T.-JS7. 1 fill
I Meiniir.induin Con.
tinmm liability ns
ln.l(.r.-r on bills re
dlm i.imt.-d with or
.... i.tiinces sold to
olhT I'Vderul lle-
ii.' b.inka
FOREIGN EXCHANGE
New York, Nov. S. The foreign e.
clinni,'!' mnrUet opened Kcncrnlly wciiK.
This ileveloiuiicnt was nttrilmtttl by
local ljaiiki'i-s to developments both
linnncial nnd political Kiiropc.
(jiiotiitions were : , i
Deiniliiil stcrlinK -1.1-lt". cahlcs j
1.1.11, ; finnccnlilcs. ?'.!. checks !. 0L ; lire
(illilcs 11.21. checlcs 11.2:1; Swiss chIjIcs ,
.1.50, chc.-lis .1.57 : Kiilldcr cables II7.7S, -checks
:i7:,4 ; pesetas cnbles 111.5(1, !
che'eks III.I.I: Stockholm cnbles IKI.liO,
checks 2...-I.1-. ('hristianiii ciiDlcs n. ill,
cbcMis 22.5.1; CopcnlinRcn cnbles 21 ..'Id,
clucks 21.15; liclithili cables S.,10, .
checks S..17; murks -.Ni. Tlie (piotn
tiou of 11.2:'. on lire checks constitutes
n new low Hume.
ST1IAMSHIP MITICKS
krsSSStfa
Java - Pacific Line
Direct fieri Ice
San Ium-l,cn to
NETHERLANDS
EAST INDIES
last Cargo JAot
I), SnreiKels & lirnn, To., (Jen. Acta.
a nno .-i., sun ariiiu'isi-o
Nfw orlt Ollire. 17 Ilnttiry I'lure
TDtT- NOTICi;. MUCCIAI JIKKTINd
' of tho StucKholderH of the Mercury
(la iiihI Motor INmrr (". will bo helrt
nt HrUItlaVPTH Hull. No. 707 North Broad
htn-ct VhlUdolphla, on Tuwilay, Novembir
11 I'tlfl. nt A n'rlocU n. in., tn take such
nrtlon as they deem necessary on tho report
of tho advisory rommittPo
Htocklioldora must prP?nt stock certlfi
ratH or send proxy -with stock certificate
"Uat,"',, It. J. 8IMMKR9.
Secretary
Special Xotlrpw
US"
NllTIOi: TO TI1K iioi.jtiisiumo.
AM) DISSTON WATKll ICtl.'S i:ON-
Sl'MKHS: In erder to ninke necessary re
IMtrs. the water will bo turned off ut eleven
oVIork n. in. on Sat.. Nov. H. Conmimers
nre herehy notllled to govern themselves ac
cordlnKly nnd draw eufttclent water tor Bev
eral hnurB' use.
Annual leetlngs
n-M" JinitCANTII.I-: 11I0NI3F1CIAT, ASSO
'' CIATKIN.-The Annual Meetlnp; of
the memherH of this ABsoelatlon will ho held
un TiirMl.iy, N'oteiiiher IK, 101!), at 12
o'rlniU in., lit 11IIH. Ith Bt.. lloom 2110, at
which time an election will he held for five
Mauauera to herve four years.
t'HAS. J. THOMSON, Becy.
$111,020,1)00 2,-),447,r.0ll
GOVERNMENT BONDS
Hid
1)1)1 A
1)1)1,
..oil
1'anatna - unen t's,
1'anHina reuisiered !
Panama coupon :
11)3(1. ..
'M lllllll
l'jas liuvi
Panama nrlst.red 2s. 11.3s l'Vi
Panama coupon 3s, llidl ....... hh
Panama ienluttre1 3s 1U(11. .. e
Philippine ,4s mil .... 02
Philippine 4s l'.ill.t ... . I2
Philippine la lOSil . . B2
I! H Uov coupon 2s, 1030 10(1
1! H Oov rfulntered . 1030. . Ino
tt H (lov coupon 4s 1025. . 1011
V ti Uov l-Blltered 4. 1025 ...1UU
ASk
111
1)1
on
un
on
urn 4
10V4
Reserve Banks' Discount Rates
Iflicinl (liscnnnt, rnteH nt the twelve
I'c.lernl Iteserve liniikK wore us follou-M :
(The first ciiluinii gives rntcs for nil
periods up to mill inclll.lillR 11 (iftccn
Iu iniitiirity, the second for n period of
sixteen to ninety ilnyx. The third and
fourth columns jrlvo 'the rates for re-(llw-oiiiitK
of collntcrnl loans secured by
Koveinmeiit bonds or notes.)
Com'l paper
1U to 1)0
15 daya uara
4
(tov't paper
in tn un
Host.. n
New Vijk
I'hll,tdeifhU
Hlehm.ind ,
t'lmeland .
Atlanta
L'hleaKn
Ht iiuis
Minneapolis
Kansas City
Hallar .
San Francisco
I'i
5
4tl
4.
4"4
4i.
15 da8 daya
1 -IU
4U -IVi
i
AM,
o . 4U
4?if5
5
1
I
4
lit
ll
II
nl
Pocahontas Consolidated Collieries
Company, Incorporated
rilTV-YHAK VIV15 I'KIl .t'i:.NT
(il)l.l) IKINDS
Notiio is herehy jrlvcn. pursuant lo tho
terms of the Mortuaue dated July 1st. 11107.
that the uiidersluni-d. as Trustee will ri
e ive sealed proposals up to 3:110 i, in. on
(he 0th day ef lleeemlier. 1010. for Ihe suit
to it of bonds as uluive described sutlii-ieul
tu use tho BUtn.of $3.1 3S3 r.o. The under
Binned reserves the right to rejeet any or
nil tenders.
TUB NKW VllUK Tltl'ST COMPANY.
Trustee, lly It O, i t'HTIH Keeretary
New Yoj-U. November 1st. 1010.
HOME VICTOR
WATER HEATER
rou coai.
N'ew principle; constant aunplyi
",t to 80 callona, lo. Heats
adlators. too. Than Is nothing
just a food. Frea Cook,
Reeves Stove 38
& Foundry Co. So. 2d
v
NEW ISSUE
$35,000
5
TAX EXEMPT
PAVING BONDS
of
PARSONS, LUZERNE CO., PA.
Djited Oct. 1st, 1919
Maturing, aerially 1928-1949
Descriptive circular and price upon application
MULLIN, BRIGGS &
Stock Exchange Jluildlng(
Philadelphia
CO.
?!
V'
v:1
w
T-
J
t
.
Ma