,'
I'UBLIC LEDGER-PHILADELPHIA, WEDNESDAY, NOVEMBER 12, 1919
IS"
EVlftaK'G
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
'
,
Ffc
UNITED STATES
GOVERNMENT
1 LIBERTY AND
VICTORY LOAN BONDS
Wc buy and sell Liberty
Loan nml Victory Loan
Bonds on commission nt
current market prices.
Denomination
$50, $100. $300, S10UU
Edward B. Smith StCo
BANKERS
ESTAUL1SHLU UHJ
Afrmbers .Veir Yorft and Jhtta&ttvnta
Stock Exchano
IIMI,.Mi:i 1'lllA
Mil lliestnul M.
M51V 1IIKK KAMIIN
NaV LIIM1U.V Ai.l.LMOVV.N
STOCKS CRUMBLE UNDER
FLOOD OF LIQUID A TION,
MB
Sensational Declines Follow the Raising of the Call Loan Rale
to 30 Per Cent
New Vnrli. Nov. I'-. Ilish iiioiii'
intes prcclpitutcil nnother llimil of
liiitiiil.itinu ill twlni's Moil, lnnikct ,
The hciuii't srllhiK movement di'iehip
cd in the iiftcinnnii. wlicii llir mil
mottri rate vvns marked up to lid per
icnt. Purine thU period pi Ires lunkc
linlcntli. prmluelliK xciiildciuin nidation
nml inrrjiiiR tlio whole INt under vci
tPiiliijV low 1pi'I
Putins the pniilpr trndiin: nil tii't
ninde a brave stand to belittle Hip c
limiMU'ss of Hip m erst mined bank credit
Inuucti ii" ii
dies to lip npplird fnp llip credit infill
tioll Well' povslbh Mlflll'ipllt VVIllllIllK of
Hip nipri'ilpss onliiiiRlit on speculative
nliiis, TIip minuet vvotld. hovvrvrr.
seemed to lime until nioip uttPiition to
I lip moip optimistic Mile of (Invernni
lInidliiR-M stntPiiiPiit. in which lir said
Hip "situntion was well in liniiil" mil
'liipiidation of lonns was pritKi cssine.
sjit iHfartot il
Tills vvns indimtpcl in Hip rpiipiiiI
i hnrnptpr of the cmli niniUrt The
micnine wns iiPiMiuK. lint tliprp wax n
1 IlllSllll nous absence of till' llisolllPI'
Conservative Investments
Paying 6 to 7 Per Cent.
We own and offer mu
nicipal, government,
railroad, public utility
I and industrial bonds or
notes of recognized
merit and with good
markets.
.. ...,!.... 1..M .i It, iit if
MIUIIIU'II I'M in"' " "'" ,,,,'. V , . ,. ,11 I ,!
Mip would KPt nwnv with it Hie which ni'pnnipnnlpil Hip ilPillnp in the
timi kit dm iiu the foipiioon. nftpr n lntp ilpnliiiRs vcstcrdn.v. Iliric was
iipi Mills oppiiiiiK. developed not mill sin nppnipntly pontimipd heavy liquidation.
in Nini: tpsistm to tin- M-lllns l'i'"- but tin- innrkpt as a wlu.lo showed Rood
I.... .,u.. ,nt..i.,v.Mt :i lit tit' short i nlisointion cniuu-it) . OcinMniHil inlllci
of n'hciinmciiiil ipi-uppratiP popr. of Rood proportions tluoURliout Hip lil
,i-!.... .i..oii mnnni mtp. hnvvcvci. inr hi" tip mnrii nc niso
,,rio, .,i,..,,lt,c-nt 1 1 ncr cent, went nnr-l witlidiavviil of liquidatiiiR iriuic
..... . . .,... i.i.-i.
indicated
: prpssu
inc tO lit! PIT IPHt. till' lliRlH'st IOIII1PI Till- tIPllll 01 IUP RllllTHI ll. "- .., . .
'.' .. ' .,,- :.. il,,. nri fw a ;,,., ,1-n- Hi,,,, i.i.. inid ninilllil mill
snip llic li'iM piiii" . "". .'''.. """. --.- ,, ,
-tii'iiRtli of tliP luaiki't
....i .. :,ii tin.
... l.. il,., niitiln sliopisllllc tlllP I 111-. losses
I'll''- . .. - --. , ... . e
TIip iPlirwnl latP ol II pn ' pih iiir
all lii.ins ipiuklj dninppiii'd nuiiUi't oij-
t insi.isin. When tin laiP ns ipunvij
..liiklv fiulpil .In, n 1'iisL ippnvprt si't in. wliii'li prom
fiist-i iiiniblini! is,.t , full t rti io nl of most of Hip eiulv
in,
OM'l
opi'll
lllllll'
Maturities range
1920 to 1966.
from
"P' i'mimiiiiiIiU wnulil bP PVppi'tPd
. 1 f il,n ilinstlr i II IIIIIIIR-Ollt inoipss
'"" '' .. ....! i. '"'' . .... ... .. . 1
Hip brunt or tin' inpiui uuh " Ii ndwitn id to -U -r inn ",";" V
f,t In Hip biRblv intlatod lndiistiiallmlst nt iin idatton followed, the fur
soprialtips 'Hip market for these .( ip , , jn ,10 mi,r, latP pie lpitatniR
' t...l III llkl IllP i . . ,lt... ,!. . f... nnnll 1,(11
iiinuipuiaiP'i is-'iv- .....- ,, . iironilrr spiihik us me m n"
with losses exieiiiniiK i"""t ciesseil Hie iiovnw.ini inuiiiinn.
tlinu ' points 'I'll'" 1lux,",um1 remind full moiueiitiini befoie delUetj
break ...Mined in ti. iiPUii ''""; -"-llfl,,r. nt wlii.li lieilnil t he emiie iisi
lible Steel .i' ''i l,',"(l. " ',' U 1 1 limbic .1 like the puieililnl liotlse of
le. line of 'J'J points II" entne mar
kct. Iiowevn. i Hie nftenioon v. l i , ,,,,,, slntlM steel nnd some of tie
a s1.iiideinornlled londition anil lie nhii IP,pspntntie sinsomd slo.ks
Hood of Inpiid.itlou .oiiniiR fioin in (lfroH1 snnB ,,sstanie. lull it was a
ultaiteis Hiieateiud for a time to oe - j ( , ,( u litt( ,si.iimiuutloii
'l'.'"'. .. 1 .,i. liim.lt lllll lllll """" ... .i r I I !.,., .lnl nil
was llpplH'll 111 me .ill"..". m.... ...... ...
implid with Hie mroious iIiims of the
IiiiiiMi element.
The maikit erunibled in the last hour
when mil motie made iinothei inlMiiue
In lid pel tent . the highest inte in neiii
Ij twehp M'liis Losses of til to 'J.i
points were nituieroiis lieneral Motois
(Minded its de. Imp In ti'i poults
. ,'..i... .1... ..mi ki't inn. nioeii i"i "
,a k ndit.olis Most of the,
'ilpieson'lathe. shmes. l.;;jrr. .; .
.,,. ,,1 .1. tlie lnelib sp,',ltnp is
sue-
n.i. itlo i n siniPlll' Ol"
I nr i '-in'" " ,, , . ,.i
!i, moniheps of the 1 edeial
bonid loiueinini; the
i in l e
mule In
Ili'sene
live lenie
NEW YORK STOCK EXCHANGE TRANSACTIONS
m. ' fliw Ni-t . IMv
in t inch l.ou Mil rhio. silica in
Wc shall be glad to
prepare a list of securi
ties for the considera
tion of any investor.
Hemphill, Noyes & Co.
Mimbers New Yoik Stock Eschungc
Franklin Bk. Bldg., Philadelphia
New York Helen s, r.intcn
SVIARKETSWrAMPEDSELUNG FORCED
BUilOnll IN CURB MARKET
i
Viyifl uxv eTTT" Bras
MfYOP
m-
m;v issir.
Graton & Knight Mfg. Co.
Tc Preferred Stock
Largest manufacturer of
leather bcltinp; in the woild.
Business staited 1851. Ex
ceptionally t-tvonp; earnings
statement.
ll ojTrr Ihii tlrrK. t
115 fllllt 11 .III l.lllltl II "I"
rrTlirti hu u v n )ti
kubject to apnrnml nf
toiutstrl ul i'iaW,i( price
To yield about 7'e
Circular im rcqucjl for ' J7
TheNatioHalCity
Company
Corrcaponiiciit Often in Over to
CfllCJ
Philadelphia 1421 Cheetnut St.
Telerhtme vino I,n. ust
Force of Selling Movement Holders' Necessities Compel
n.u i Affnmoon With Sacrificing of Many High-
r,cin.ucu ... .--
Soaring Money Rates
BREAK WAS GENERAL
Priced Issues
NEW LOW RECORDS MADE
New Yn.h. Nov TJ.-The New Yoik
r.ieninR Sun's iloMiip fumneial i ex lew
todn sins:
I.iouidatioti in todays
toelt maiket
.. ns nf ii more nositiM- i luipneier iii.iu
at hih time peilmps s,.p the late spei -ulatnc
iiimement as stn.ed. M
wlthstandins tlm hnnnoss undcrhiiiB
(he standard slimes mid oe.asiomil i al
lies of Rood propoitions the Ust. as a
hole. In 'et ba. k 1 tn lj. points.
His i. nip- to be leRnrded without di-
.tlon ns to the lilR.lv -l"'
(he moderated spe, illative and tin in
M'stinent issues
The downwnid swinR remhrd full
motnentum in the middle of be a ter
nnon and it was then that '""'
Motors M-t the p.P b ill opium: be ow
I'.Otl. at whUb leel it iepiesente.1 n loss
in the da of some .ill pomis.
'i-iiis linniieiipd nt the s.um
oil iminp advaneeil loi
New Ynilt. Nn 12 - The fait that
the outside miukrt is one in whiih
tiaduiR is rondtiited on a t.ish basis
made it a field for hem sellinj! b
in:iti who had beinme involved in spec
ulative tiansaetions mi the stoek ex
i liuiii!)' rressuip of Ibis ilmrni'ter was
effe.tive tod.iv in uuising shaip bleaks
in inaiiv of the hiRli-pined issues, witli
the hnldeis' mussities foieiiiR them to
sell nt saeiihi es,
Tlie ipsiilt was the niakiiiR nf new
low leioids in a number of issiips nnd
time that
the t-peoud
inn moni'.i iii" v , ..
time to "J." per cent after leiiewinK at 1 1
I per lent and moiiiR to -JO per ent
i of liiav.v declines in numbers of other
stmks. Ameriiaii Tobaieo Sepiirities
was tiutm ally influenced hj Hie sudden
, liieak in Aincrirnn Tobaeio on the cx-
chniiRi. nnd that stock sold on a larRO
s.ale fioni (!7 to the new low rei ord of
(fj. ltetnil Candv, annther stock in the
Mime Rroup, sold down from H)'-j to the
new low of 17.
A few stotks showed a linn tone, but
no Issues ninili' nnv mateiial Rain to
oftspt those de lines.
lMll'.STUi VI.S
TraduiR was .
i - ...
"i,...il, nftei- muliinv i r.iiiiiiK ""si
brisk in the extlPmi- anil l e uen" Oj'VP''i?ipio5V.s
for mil loan accommodation was Uin.ul- Amer-firiiuh MfB
.... Ili.m pstprillV. 1 Ills mil Kti.i- iT-'l.unnr iiiir.uiu
f an a'ltificial aspei t to Hip ihoiipv
inaikef. that i1- to -" . 'I"1 not Rive
,ii. ... ,1... ... . iiu. itiiiii fiT 1111-
i isi, sn leuniiv in in' ,".-.
i ' - : . . .1-.. ..n . ,
.nsiimih e exncuon on inr i'"
H'l
of
Amur Wrlllni? IMper
Amor I a Krante ling.
Amer hafet IlHor
Mr R'riuition
I- sue . . .
I Laia.llRh i ar i o
:
r
Experienced
Bond Salesman
wanted for work in
Philadelphia.
A. D. CONVERSE & CO.
Commercial Trust Building
Philadelphia
w lork
llaltlniore
('an t ir & rdv prti
( at boil Mp-1
I'arwrn Tool
haitnrrs 'ntur . .
i h rolet Motors
i'r i tip &. hons '
t'urtls AeroDlane
r- nifrHtm Phonograph
(Jr-neral Asphalt . . .
(ienertil ilntorH . .
Hu'I SUnnl
Hupp Motors
Intf r I'rortuctn .
Intpr Hubbpr . .
LhKp 'lorpi doboat ...
lphlh i-'fial -.airs . . .
I.lbly McX & lAhhy
Itma I a) co . . . .
I.nft
Philadelphia Stocks
Low (.'lone
:t'j
HI
in." inr.
!IL'
rj'.i
i:ks
linn
ii',
:t4
Ul'j
liHi
J. i
CI'm
4."
41"j
M)L.
-'i'5
1:11
jtin
NVt
- '!
It,
1 "
'-.
!l
1
4
ti'4l'Vi
:u ..
ioij u
jo r'i
ir, ..
Ill's Os
45 1
4Ts-'i
Wl'. . .
J7 1 .
Illeh
2 Allla Ins 'ja
82.T Am Strs. :!!'..
10 Alii (illH. 1(1
15 tHnld
pref .10."
2 l?rill .1 O
nref . . f2
2570 Kl Btor 1!H1
10 Uen Asp IKS
100 do iref2(l(t
100 H . H T -r.
100 do pref H'i
27 1 (' N A. :i
150 Key Tel tOTi
42S0 Lk S (.'or 21
17U T war '.
140 Leh Nnv. 114
105 Leh Val. 10
Vina? Pn it. ii 4:t
r Kl la Salt. MVj
s,Hl Phil Klee 2.".
ijl-ll P It T te 27'i
A'U'li Tinet ", (I'JV.. H2'j..
V -tlteadlnR 7!li 7K 78 l-
. AlOtSo Pae.KHi KMt 10(i IVj
.18C3Ton Hel ! 2 21s'-,
rfir.Ton Sliu 21J 2 '28
, (AO l'n True iW, .'i7:!'i :i7-Ji i
iHiMV G 1.. .-1.1 MV. r,U. 'i
2(540 V 8 Stl.K).-., 10.-114 KKlK 2
JllOtWest Jl
(,- H B .. 5.1 5.19', 5.TJj 1
4?et thttnuc mde by comiarion wltn laft
k oei lew lorn morn cu-nann,
itn ihi-if-
:'
l-Lehlsh Xnv
r COU XA.
r,eh V Ren
1 4s . i
J'Q Leh Vgeii
V 41.h . . .
tn T.lh'rinmiit
3d 4'4s.. 04.01 01.01 04.01 .14
BTeiina g 53 01 01 Ul..
1 Pa Co couk
5 81A
2 rhlla Co tat
5b P0:4
? Phila Kleo
Ut flu . . . 03i.
3 Heading geu
la S-'M
$ht! irst shnretr of Central National
ttnl stnelc offered for public bale iu
ibk wfirkct tot two years, tiotd today
St-' $3,H7. an, advance over the lust
" ! . i;.i
ten.leis as vcstcrilav s peiioniiaiLv ......
The iiiniereiue 01 naimr s .ii .....
ernor IllildliiK. of the I edernl '"
boaid. and Mr Stinnss on i uesilav lef
' little loom for doubt Hint the redeinl
Kescive bo.uil inieniiHi 10 it '" "
that spei illation was embed. N ith
this iriitation at what has been unite
franklv termed bank prohteeiiiiR. it was
not nt all surprislnR that stoik- s,ou d
be thrown on the niarkit, pailiculai l
those stoi ls vvluih have lind the Rrent
est nppreiiation to levels of fictitious
, 11 111 lU
The f-teels offeied tlie Uesl r'-inme 1 N'-li j,,,--;;
to prcssme. but thej. too. Melded !nrih Amer I'ip Pull'
il.,. spss nn 111 vanceii. ininii mines ,iuib .Meei
Steel RoiiiR below 104. Bethlehem Steel
lieiovv 07 and sn on, shmes whiih at
inteivals in the curb trnditiR were even
cli nop
To 111 live nt iinviiiuiR iikc nn nr-
I filiate estimate of the iniuket situation
lit was still necessar.v to make the dis-
Itinition between stuudiird and spciinl-
tv issues, vvIihIi became mine marked
as selliuR pressuie increased
I Sentiment was indeed sadh iinpniied
iliv the continued lea.tiou. and the mnk
nnd file of tmdeis sianelv thoiiRht of
the diffeien.e in nrtihruil IiIrIi intes
and intes bioiiRht about bv a leal de
mand for funds. TIipv were to iiinf used
to spp 1 Ipnrlv . and rather than take
the lisk of niisintpipiptiitioii let their
holdinRS ro with appaient nbapilon.
Yet theie weie not luikinR develop
ments which in Miner moments would
have been IiIrIiIv lonstructive. The end
of the nial xtukc and anaiiReineiits in,
the mnliiiiR for 11 mnferenie to adjust Alilnl oil
Pic rloH VI. itlil
Perfection T &. P.
I'hlllp Morris
I'oolo line
ltd.. II I'anill
1 Saiol.l ,S V
Havnl.l Utlln
M rlpps-Hoolh
Srell Transport
Strin.lni.1 .Motors
Stn. 1 Allov
Submarlnp lloat . .
Swift Intern itlol at . . .
S.ve.tH of America - ...
rod.l Hhlplmlldlnit . .
i'rlunclo Film
Tobai.o Products
rnlte.l Motors
Tnlleit Protlt Sharlnc
II S Meainnhlp
Vi.nH.ltum ...
VWrlil ntm
VVrlsht-Martlp Air
STAMlAKII nil
Illinois
Ohio
Prairie Pipe
htanrt Oil I'allf . .
Stand Oil N J . . ..
Stand Oil NY. .
indi:
Hl.l
. 41
1.
.')
. US
II
. ll'j
ill
:.i
ij-i
nl
i."i
:i
s
4. Ml
1r.1t
14
l.iri
an
. a
. tj'
. nt
. 0
at
31
i'j
37
411
Yes close
sk (sale)
14
Sates
100
11(1(1
.100
sioo
000
.11100
SOO
rioo
too
100
.1900
ajon
r.000
4100
100
400
3100
:noo
A00
r.oo
10100 4
4'JOO
11700
too
1100
0400
moo
too
.1000
too
41.00
(1110
-M00
:i500
7.100
1300
1.00
100
ssoo
too
'J0O
MO
tbOO
too
too
4030
..00
100
.1000
700
.too
100
SOO
joo
a .1010
400
37000
300
1100
400
400
00
I Oil
400
mo
oo
00
I'iOO
I M0
MOO
(.00
l.'itIO
1 1000
300
3000
700
10000
1100
400
.100
S500
1000
000
too
1000
800
400
1410
1000
1000
JOO
l.'lOO
looo
1400
75 10
100
800
1 1100
131)0
.1700
woo
N400
joo
0400
A00
5000
1100
330
100
1S0O
DOO
1400
00
100
It
an
1H
II
II
II
1.1
11";
11.4
M
iir.'i
rs
'.IS
132
II
.V.ll
Jill
IT
s
1.17
37
h
13
.Ml
Tl',
4
:u
Sll
44
.17 's
nil
1-.',
11,
Jim
71.
11
K
lll'i
r.t.
11',
!.'
-1. -I
t r.
vro ks
ls-i lllll
.17 .ISO
,JS-, VIM
lull 111.
. ,. 70S 7tr.
liR 411
KMIIINT llll.s.
Hlsh lAtw I'lose
Net
chite
01
70
01
71
70
01
71 ..
70
81 U, 81 V-..
Olli 09?i
oa'i 0:1 ...
82i(, S28 '
disputes between the niiueis nnd opcr- ii0,tnn wo oil "
ators and liipiidation of indebtedness of t'osden & Co ...
member banks with the Fedeinl Keserve V;k"Ualn "." '.'. '.'.
bank weie cases in point. 1 inter Petroleum'!
. Inilnelbln OH . .
Island Oil T ..
lllenrock Oil ...
Houston Oil .. .
Merrltt Oil
Vtet JVroleum . . .
Midwest Oil ....
Ohio Kuel ....
I'mir Oil & (las
Sapulpa Keltnlns
Senuoyah
Mouthnest Oil . ..
Texaa ti . . .
United Oil
VVhlto Oil . .
Money-lending rates
NKW YOHK Mnnej on mil. both
mixed collateral mid nil industiinl . nl
lateral. opened toda.v at 14 per tent for
lendiue nnd renevvniR.
In bankiiiR ciicles todav the main
consideintion wa the Jinpeintive neces
slt.v of impiovcment in tin' icserve po
sition of the Kedeial Keservp Hanks
There was no siiRRcRtion nf nnv imme
diate relief in money. nlthouRh it is 1011
sli'ered prett.v certain that there will
be no further iliange in New York reit
eral Reserve Hank's discounts this
week
In time nionej there were no offers
whatever, iiUIioiirIi S per 1 cut was
known tn be urRentlv bid and still hiRh
er tigiiies were minnrd. The alinor
mal rates for funds on inllateral prac
tically put the dealing! in bank ac
ceptances nt a standstill
Hates for prime mercantile paper
were nominal at 5V per cent minimum.
Call loans nn nueptances were un
changed at l'V, I"'f nt.
PHILADELPHIA Call. 0 per lent;
time, 0 per cent; commercial paper,
three to six months. S per rent, and
bix months, 5'Vt and 0 per cent.
LONDON Money is uuoled at 2's
per ceut. Discount rates, ehort bills,
pitj, per rcnti three months bills, 5
per crui.
it
Si
lll
411
s
4'.'t
.17
I. VI
3J
'J'
5S
1
3.14
!.".
II
4 J
s'i
as
7'
I
10.1
:m
.1
ir...
as
1.1V
MIMM1 riTOCKS
M . . .. P,
Alaska II C
TtlST l.edite
Butt New York
Boston Mont
C P H St Jerome .
Con Ariz
Kirst National .
Kortuna Cons .
(loldneld I'nns . ,
Cloldfleld Klorence
(loldfletd Kewanau
lloldtleld .Merger
(Jreen Monster .
Ilecla Mlnlnc . .
Howe Hound
Independence I.ead
Jerome Verde
Jim llutler . .
Jumbo Extension , ,
McKlnley Darraeh .
M111111 Copper . . . .
Mother Lode .
Mines Co of America
National Itn
Nlplsslmr ,
Hay Hercules
San Toy .
Tonopah Ilxtenston
Untied Verde
West End Con .
White, Cps ... .
IV,
111
as
4
4
'
4'.
'
21
0
111
40
OS
l'
IK
4.1
ft
S
4'
11
70
43
00
us
i't
u
7'i
IWNDS
Itusulan flovt .'.Vn
KurSan Govt, 0!ii
R 10
Jl -'
4J 40
IA I
tl! 14
VA 45
i 45
4S
74
i
.. Adams Hxptess .... 34
Advance ftumoty .... 41
0 Advance Uuincly pf .71
6 AJnx Ituhber SK
. Alaskn (Jol.l Mines . . V,t
.. Allls-Chalniers 44'A
7 Allh-l'hjIincrM pf . . 93V4
8 Am Agrlo Chem ... OS
3 Am Bank Note . .. 481-2
3 Am Hank Note pf . . , . 47
R Am Hcet Sueur .... 9'i'A
8 Am lloscli Magneto . !33!4
. American Can 87 ?
1! Am Car & Filiy ... .13SW
4 Am Cotton Oil 4
.80 Am Druggist Syn . . . 104
Am Hide & Leather 34 !$
7 Am Hide & Lcath pf 1175
. Anicrlcnn Ico . 4,?V4
f) Anicrlcnn Ico pf OS
.80 Am Internnt Corp HO'i
3 Am Linseed Co . ... 7S',i
Am Locomotive . .. 0SU
7 Am Locomotive pf .. 100
Am Mult & riialn Wi
Am Ship & Commcice 37
4 Am Smelt . Kef . . . Ti
7 Am Smelt & Hot pf ion's
.1 Am Steel Koundrles . 40IJ
7 Am Steel Kilr'es pf . 03
7 Am Sugur Hot . . . 137
10 Am Sumatra Tobacco 07 tf.
8 Am Tel & Tel .... IOO'4
20 Am Tobacco SN0
7 Am Woolen . . .159H
Am Writing Paper pf. (.3
. Am Zlna Lead & Sm . ISS
B Am Zinc L & Sm pf Wj
4 Anaconda Copper . . COH
Ann Arbor 8K2
AssctH Henllzatlon l'i
Ii Associated Oil . . I3J
a Atch Top & Simla Ke.. IIO's
5 Atch Top S. ST" pf 7014
Atlanta Ulini A: Alt '
10 All Uulf ft W I S S.171
Auto Sales tern ctfs . . 17
1 3 Auto Salts lem ctfs pf. 31
. Ilaldwln Loco Wks ...rjla
Baltimore & Ohio . 30
4 Baltimore S. Ohio pf . 0H
Bainct Leather Co 03
8 Hariett Co IM
B.Uopilas Mln ng .. . 1
Bcihlchem Motors . 3t
5 Bethlehem Steel . 97
5 Bethlehem Steel B . 100'S
8. Bethlehem Sll 8 pf I14W
Booth Fisheries . . I
Brkln Rapid Transit. 10 Vs
HklJii It T ctfs ot dep 1414
6 Brool.lv 11 Union Gas . 60
Bklj 11 Queens Co rl K 38 Vs
10 Bui in B101 . . 1W
.51) Bulto Copper & Zinc. 10
Butte & Sup Cop . . 2S
.. Buiteilck Co r Wt
Caddo Central () & It 30'V
4 California Backing .. 78',
California. Petroleum . 4714
7 California, Pelrol pf 70
10 Canadian Pac fto .. .148(4
5 Central Leather . ...lOOft
Central Leather pf . 108
Cerro de Pasco Cop . SHi
Ceitdin-leed Prod Co. 0
Chandler Motors . .130'A
Chebapealie & Ohio . 67 V4
Chicago Gt Westem . '
Chi (il Western pf . ?C
. Chi Mil & St Paul . . . 43?,
. Cht Mil & St P pf . . B'i'i
7 Chi & Noithwestcrn . 01
8 Chi & "Northwest n't. .119
Chi Hock Il & I'ao . . 'ITA
6 Chi U I & Pac 6 pf. f.3y2
7 Chi 11 I & Pac 7e0 pf. 76
. Chile Copper 21
3 Chlno Copper 40J
5 Cleve Cln Chi & St L-.
0 Cluett Peabody 80?8
.. Coca-Cola, Co 42
3 Colorado Fuel &. Iron 43
4 Columl) Gas & Ulcc .. MV2
1 Col llraphophone . C7'2
7 Col Giaphophone pf. . Sli'b
7 Consolidated Cigar CO
Consolidated Gas .. . 91A
7 Continental Can MH
. Continental Candy ... J3?i
. Con Interstate. Cat M. is
Corn Products Itef .. 88,
7 Corn Products Kef pf.lOS
12 ciuclblo Steel Co 22P2
10 Cuban-Ainer Sugar . . 370
. Cuba, Cann Sugar . . 43'
7 Cuba Cane Kucar pf. 83
Del Lack & Western .18V2
Denver & Itlo Grande 9
Denver JROpt.. 17
Dome Mines 135a
Tllk Horn Coal Corp 3S
Klk Hoin Coal Cor pf 40
Kmerson Brantlng 31 Vz
10
2700 3.50 Lndleott-Johnson
A00
2310
1000
4 00
1000
100
1300
10100
4500
2100
3S0O
3011
100
2000O
200
500
7100
300
100
1200
2100
500
1200
800
400
57011
400
400
530
12 JO
.1230
11100
15000
4 000
11000
100
400
200
i00
.1800
000
400
..135V4
pf 10512
IS!.'
24'4
87
.101
30
7 Endlcott-Johnson
Krle .,
Lrle 1st pf
Fairbanks Co . . .
8 Famous Plavers-L
2 Federal Mln & Sm pr
Fisher Body Corp .
Flsk Rubber
- Freeport Texas
2 Gaston Wm & Wig .
0 Gencial Cigar Co,.
7' Gen Cigar Co deb pf
8 Genet al Klectrlc Co
12 General Motors Corp
0 Gen Motors Corp pf
G Gen Motors Corp deb
4 Goodrich ,B V
7 Goodrich B F pf ...
. Granby Consol M & S
7 Great Northern pf . .
4 Gt Northern Ore Ctfs,
. Greene Cananea Cop
Gulf States Steel
4 Haskell & Barker Car.
7 Illinois Central
0 Inspiration Con Cop . .
Int Agrlcul Corp
- Int Agrlcul Corp pf . .
Interbor Con Corp . . .
Inter Con Corp pf . .
Int Harvester
Int Mer Marine . . .
6 Int Mer Marino pf .
International Nickel
International Paper
6 Inter Paper pf stpd
. . Iron Products Corp .
2 Jones Bros Tea
Kan City Southern
1 Kelly-Sprlngtleld Tire 14614
8 Kelly-Sprg T 8 pf. 106'
. Kelsey Wheel .... 02
132
. 44?,
. 43
. 24 V,
. 70
07'2
168
.348
. 801,
. 80 y2
. 83'2
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. G2
. H4H
, 41 V4
40
. 73
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91
. 671,
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60
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. 2
. 73H
. 78
. 41 'i
. 30
. IK?4
Low
34
.18
70',
81
3H
41',
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02
4814
47
00
121
64
131
54
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45
65
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7.1
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r.VA
(18
1031',
31
91
13 J ',4
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00
255
119
57
17'.
60 yj
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htt
4
132
8014
70',
9',
17 yS
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31
lor,
38 Kj
50 12
93
133
IV4
37
90',
93 ,
IH
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1014
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IS J, j
127
9
23',
28
37',,
75
44
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95
107 U
85?,
83
00
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9
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ta
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210
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9
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144
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100
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95
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285
00
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7814
101
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55
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65
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81 '2
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a 114
10314
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1303;
106
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1
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on
24
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14
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3
44
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m
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92 -4814
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121 -51
, -
131 '. -54
I
10 5,-3114-
U -45
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is -
91 -
1011
50',-33',-G814
104
.19 -91
-
134 -95
-
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25 -22
119 -I0',2
67 - 514
18
5BV4-
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IM -
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7014-
914-
101 -
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31 -
H
4
5.
I',
3.
Mules
4400
8100
100
100
ir.090
100
200
600
300
I00O
200
roo
400
100
200
000
700
100
409
2600
700
400
GOO
44400
400
2 Kcnnccott Copper
.20 Kostono Tile & Hub
Kiesge S H Co
4 Kres S II
0 Lackawanna Steel ...
Laclcdo Gns of St Ii
Lake Crle & West...,
I.ce Kubbcr & Tiro . . .
Lee Ituhber rts
.50 Lehigh Valley
13 Liggett & Myers Tob .
12 Lorlllard I Tobacco ,
Loose-Wiles Biscuit
High Low
3314 31 U
57
5014
12 14
46
10
35
, 1
40
204 J4
190
73
7 Louisville & Nashville. Ill
4 Mnckny Cos pf
7 Manhattan Kiev guar
.76 .Manhattan Shirt ....
Mailln Ilockvvoll . ..
. . Martin Parry Corp . . .
Maxwell Motor
Maxwell Mot 1st pf
Maxwell Mot 2d Pf t
7 May Dept Stores . . .
10 Mexican retrolcum
2 Miami Copner
3000 1.30 Mlddlo States Corp
3',
100 -1414
30 ',
5014- 14
91 - 1
122 - ',
1 14
27 , - 4?,
91 -
04 - 0J4
114 - a,
1614- 14
19', - 14
13 - 1
5S 1
.1814
127 - .1
9 - 1
24 14 - 14
28 - 1
27 H- SJ4
76?,- 1'4
44 - 3?i
77?.- H
H()'4- 114
96 V4- 3 ,
10714- ',
am- t
62 - 4
93 -32',i
55Ja- l'4
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25 - 114 '
41 - 17s
02 W-
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119
20?, - ?4
(,2 - 114
73 - 3
20 u- n
394- 15,
42', 3i
80J4- '4
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4l'4- l34
50 V4- ri
oo - 714
9114- 14
0214- 514
90 - 314
89',- 1?,
12?,- 1
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84-4
108 1
31114-1334
370 1414
11?4 - '2
81 - 3
18314 'A
9 14
10 - A
13',- ?,
33
40
3114 14
130 - 4
104 54-
14',- ,
24 - ?,
85 - 314
100 3
30 - Hi
125 28
41 - '4
3914- 3H
23 - 114
74 - 354
97 12 1
10714- 1
291 -5714
90 -
80 - 14
7014- 1
101 - 14
G2 - lu
f3?4- 1
39?4- 1
10 - 14
09 34 314
56 - fi!4
o?4-
60 - 1',
23 H- 14
8114- 194
514- 54
16-54
12s - 8V4
43 - 4
103',- 3?4
2514
67 - 3?4
78-1
40 - ?4
30 - I',
IS?4 '
130 ?4-i7'
105 2 V4
75 - 23
1 1000
100 7
1700
100
4001)
BOO
400 3
1300 .1
2S0O
100 7
700 5
100 7
2000 6
lOO 7
600
900 G
100 7
100
800 1.50
2300 10
200 2.50
too
1500
100
4 200
100
Mldvalo Steel & Ord
Minn St P & S St M
Missouri Kan & Tex
Mo Kan & Tex pf
Missouri I'.iclflo ....
Missouri Pac Re pf . .
Mullliis Body
Vatlonal Acme Co...
Nat Aniline & Chem
Vntlonnl Biscuit Co
Nntlonnl Cloak & S .
National Cloak pf .
National Lead Co . .
Nntlonnl Lead pf . .
Nat Conduit & Cable
Nat Lnam & Stamp .
Nat Hnam & St pf
Nat II II of Mex 2d pf
Nevada Con Copper
. 01
. !4
. 30 S2
. 07
2914
, 46
. 73J4
. 34
.110
.22014
. 2514
. 01
. 61 J4
. 85
. m;
. 17
. 2814
. 4654
. 45
. 37',
68
.120
. 8014
104
. 84',
.108
. 1314
. 77 V4
.101
7
1654
New York Air Brake. 12014
.50
300
1500
son
8090
9300
800
100
1200
New York Dock 61
New ork Dock I'f 01
.7 New York Central ... 72',
5 N Y Chi & St L 2d pf. 40
New York N H & tl. 33
1 New York Ont . W... 19
7 Noifolk & Western ..10014
7 Noithcrn Pacific .... S514
5 Nova Scotia S & C .. 7614
4 Ohio Cities Gas 62
50 Oklahoma Pro & net. 94
Ontario Sliver Mining. 11
5 Otis levator Co 130
3 ilium Bottllmr Mnch. 65
100 3.50 Pacific Development
BOO
39010
1910
2000
1800
900
2500
100
400
34310
100
2500
100
200
300
1400
Hon
1100
10100
400
4000
800
1400
3500
1800
175(10
300
1000
29900 ti
1700
100
1200
1800
300
GOO
200
100
.100
157500
3500
26300
1300
300
100
1700
4B300
2500
900
1610
8730
0410
100
C4)0
100
16000
1900
12800
3100
200
4500
630
23 JO
33300
100
100
4700
10300
3100
100
30000
200
5700
208100
800
3000
100
R400
200
300
200
400
700
0100
900
300
0900
4500
200
19.10
10700
100
4100
100
300
100
75
.18
118
114
38?4
43
10',
24 J4
6414
Pac fie Mall
6 P.in-Amer Petrol & T.
Pan Amer Pet rts .
Pcnn Seaboard Steel .
!l Pennsylvania n It . .
5 Peoples Gas Chlcngo .
. Pero Mniquctte
5 Pero Mam prior pf . .
3 Philadelphia Co 33
Plcrce-Arrow Motor . 83
8 Pierce Arrow Mot pf.104
. rieico Oil Corp 19?4
8 Pierce Oil Coip pf ...103
4 pitt c c & st Ij n n. 08
7 Pittsburgh Steel pf . . . 91
Pittsburgh .& W Va .. 31
5 Pittsburgh Coal of Pa. 04
1 Pond creek Coal 2014
h Pressed Steel Car .... 106
8 Pullman Co 12114
5 Punta Alegio Sugar .. 82
2 Bay Consol Cop 22
8 Hallway Steel Spring. 9054
4 Beading 0
Remington Typewrit . 8714
6 Itcpub Iron & Steel ..116
7 Bep Iron & Steel Df ..10514
4 Itepub Motor Truck . . 55
.70 Royal Dutch N Y ...100?4
St L San Fran 1814
St L San Fran pf . . .20
1 St Joseph Lead 14
. Saxon Motor 2014
6 Savago Arms Corp . . 83
. Seaboard Air Line ... 9
Seaboard Air Lino pf 16?4
8 Seais-lloebtick 214
1 Shattuck Ariz Cop ... 13
. Sinclair Consol Oil .. 63J4
(I Sloss Shcff S & I ... 7114
6 Southern Paclfla ... .108
.. Southern Railway .... 24J4
5 Southern Ry pf 2
12 Stevvait Warner ap ..173
4 Stromberg Carb 88
4 Studcbakcr Con' 137 14
6 Stutz Motor 114J4
3 Superior Steel Corp .. 4514
. Tenn Cop & Chem .. 1314
10 Texas Co 305
.. Texas & Paclflo 80
Third Avenue 10
i 'iobacco Products ..... 91
7 Tobacco Products pf.100
. Transcontinental Oil . 5914
5 Transuo & Wms Steel. 6314
.. Union Oil 3954
Union Paclflo 123
Union Paclflo pf '?
United Alloy Steel ... sif
United Drug Co 16
10 United Fruit Co 10114
.. United Retail Stores .102J4
. U S C 1 P & Fdry . . 26
5 U S C I P - Fdry pf. 60
2 U S Food Prod Corp. 80 ?4
10 U S Ind Alcohol 11
..US Ind Alcohol rts.. !4
..US Realty & Imp .. 3J4
8 U S Rubber 125?4
8 U S Rubber 1st pf ..11?
0 U S Smelting K & M. 7514
5 U S Steel 106J4
7 U S Steel pf Ilr4
6 Utah Copper SO7,
. . Utan Sec 13
4 Va-iHionna Chem ... 714
8 Va-Car Chem pf 11314
6 Va Iron Coal & Coke. 7
.. Wabash 95a
. Wabash pf A 2914
7 WeKtlnehoUBo A Br ..11814
i Westlnghouse U & M. 6554
10
1
4
7
Western Maryland .
7 Western Union Tel
4 White Motor
.. Wheeling & L Urle
. . Wheel & L Erie pf .
5 Wilson & Co
1 Willys-Overland . . .
7 Wlllys-Oyerland pf
, Worthington Pump
6 Worth Pump pf B .
snVoolworth P W . . .
. Wells Fargo lap
1214
. 854
. 70
. 1514
, 23
.8114
. 31 r
. 9114
. 00
. 77
125
. 81 14
61
154
6014
814
n
or.
34
1
46
201
189?,
7914
1I0?4
64
5114
3014
07
2714
41
C8
34
II
186
25 J4
68
60 !4
85
114
17
27
S
41
3014
66
115
7754
104
81
108
12',
74
101
7
15
113
45
63
71?4
40
315,
19
100
84 M
7
50
9
914
130
59
75
37
106
I
32'2
2V4
40
23
64',
20J4
61
104
19
103
6314
94
30
6154
24
04 72
121
79
2IV4
05',
76',
7614
10754
105
60
0314
1794
26
14
18
SO
85,
1B14
214
13 Va
60
6714
103
24
to 14
172
70
11154
10
4254
13
289
44
10
8514
100
65',
60',
3614
121
6754
50
144
185
9354
20
60
77
10914
40
2T4
110
11354
72?4
103
1114
79
13
7154
11314
73
914
2814
110
53
12
8SH
03
14
22
7914
30
9114
8054
77
124',
5B14
.1 on Net
Last ChRC,
31',-
5154-
154-
50 14
86 14
5 -
0Z4-
34 -
1 -
5 -
204TI
01
6114
3014 .
07
2914
414 -08
-34
-
115
177
3614
-llri-17
-27',-45
41 -3614-65
-
115 -7794-
104 -81
-
108 -1214-74
-
101
7 -1054-
115 -45
-01
72 -40
-3154-19
-
654
A
V,
054
3
li
K
Is
194
714
14
54
714
214
3
3114
154
14
114
2
5
94
14
614
35.
1J4
214
I
1
414
4
3
14
94
14
.1
5
14
1
UJ4
100 -84?4-
74 -0
14 -
9 -914-
130
60 -
75 -
37
10614
I -
3314-
2B4-
0 -2.1
-
(.414-
33 - 154
66 15?4
104 - 1
19
103 -
6314-
94
3014-
0194-
34 -
97 -131
79 -
3114-9514-7714-8314-
109 -
105
53 -93
-17?4-20
1 -18
-80
-
LOCAL SPECIALTIES HIT
HARD IN MARKET SLUMP
1
Electric Storage Battery Declined $11 Heavy Liquidation in
Lake Superior Carried ll Down $2
554
14
14
54
54
54
14
514
"ft
1
54
'
214
& 'A
4!4
514
854
94
Movements In the local market weie
much of the same outer or In New Yoik
except on a much more l educed scale.
There uric soft spots and stionR spots.
There was nlso evidence of further liqui
dation here nml thcic on n moderate
scale, Taken as n whole, however,
the general market stood up well until
the last hour then broke badly.
The opening vvn exceedingly tame,
tpflcctiug cautiousness oil all sides.
When It was found thnt Wall stieet
hnd taken the tltastlc cute for credit
inflation col inly the local contingent
seemingly picked up little moic cour
age, finding, however, throughout the
session vvns visibly under icstinint nnd
exicpt in n few tcattcicd issues the
dealings weie of nn cxticnicly limited
scale.
Tlie inniket for the high-priced
specialties continued thin, which was
to be expected in view of the piacticnl
enibniRo placed against further excesses
in these paiticulnr overtinded issues.
The loss of gioiind was slight when
mensuied by the lecent lapid elevation,
(ieneial Asphalt common vieldei! SI to
138 and the pieferred ?4 to ".00, the
tiist named on transactions of ten
slimes nnd the latter 100. lllcettic
Stoiage llattery. on mnie active deal
ings, (hopping $11 to 120.
Tlie only lettl sign of liquidation was
to be found in Lake Superior Corpora
tion and United Ons Impiovcment.
'lliefoimer nppatently lepresented un
loading of the icportcd lceentlv formed
pool. It cuiried the pi Ico to 1071.
Tinted (las Impinvemeiii nt the same
tunc receded to 64 .
There w'ns not much to the (lading
In the icmniniiig local shaics, and ns tn
prices it vvns nietcly n matter of small
fractions'. A greater part weie un
til nnged.
'ilip unfoittinatc position of nianv ot
me utility corpotntions tluottghoiit the
i.uiuuj is ucginmng to attract tlie nt
tention of officials of the leadine flnnn
cinl institutions. This is laigcly due tn
the omissions of dividends and bond iu
teiest by a number nf these companies,
which onlj a few jenrs ago seemed to
bo lelntively safe. It is Inn ting the
small inrc&tois who piuchascd these se
curities as n safe lodging pincc for their
money. It is these small stockholders
nnd bondholders who nre nppeallng to
tlie institutions for advice nnd comfort,
flic situation, ns nn official nt one of
the larger trust companies said today,
is tiying. Itemcdics must bo quickly
found, lie fcnld, or other corporations
may find it necessary to cither reduce
or pass dividend and intercut payments,
flic trouble has been, he said, that
opeinting costs have kept continually
mounting, while receipts have stood
NEW YORK COFFEE MARKET
New Yorli, Nov. 1-'. Nervousness
over the advance in money rates and
apprehension that the weakness in
foielgn exchange would check Kuropcnn
lui,i ing in Brazil, led to active liquida
tion nnd a sharp break in the toffee
market at the start this morning.
rirst prices were 72 to Ot points
lower, with Match selling clown to
10.4fic, or 'more than a cent a pound
below the high record price of yes
tciday. flic large Brazilian receipts and
irregularity in the primary market
probably contributed to the decline, but
the selling wns attributed chiefly to
speculative, liquidation due to the un
settled money sittintton.
December
Tanuary . ,
March ...
May ... .
.lulv
September
Hid.
Yesterday's rinse Open
... lT.Mfffn.'Jil in SI
.. . 17 VHW17..10
. 17 ani7.4i 'in n
. .. 17.SSW17.3n 10.44
17 isKMv.aii in ii
17 S3 WIT 2.1 lO.SO
11
n m.
1fl.4ft
10 17,
Charters Filed
Doier. Del.. Nov. 12. Charters filed
bete today were: Mercantile Bond
Corporation of Ameticn, Inc., $4,500.
000. dealing In stocks, bonds, etc., V.
. Ilnnsell. i:. M. MncKarland. B, I,.
Spiiigeon. incorporators. Bettini Cam-"
era and Piodiiction Corporation, ?o
HOO.OOO. mniuifnetuip cameras, etc..
William I.eo Mullry. fliomns 11. Unit.
.Ir,. Joseph Deihl Unnkentlinl, all ot
New York, incoiporntoist.
Trade on Parle Bourse Quiet
Paris, Nov. 12. Trading wns quiet
on the Bourse today, fhicc per cent
l elites weie quoted nt 00 francs .'l."i
centimes for cash: exchange on London,
I!!) francs 15 centimes: 5 per cent loan,
SS francs 5.T centimes. The dollar was
quoted at i) francs "il centimes.
i
16
21 -
US fi
fit -OS
-
103J4
21 -60)4
-
172 -
70
ft
VA
3
54
14
l'4
14
3J4
4
r
194
3
17
ll?4 -13',
104 - 754
4394- 394
13 - ',
280 -1314
44 - 3
10
85ft- 054
loo - 14
5514- 3f4
60',- 254
3714- 394
121 - 114
07?4- 'A
80-1
14 -
18554
914-
26 -60
..
77 54-10914-
4o -
24
110
ft
6V4
14
254
314
3',
ft
a
11354-1114
7354-
103)4-
1114
7 -3
..
7154-
11314..
73 -9A-
2814 .
116 -
5314-
12 -
ssr.-
6314-
114-
II 'c own and offer subject to
prior snlc and change in price:
$12,000 Lehigh Valley R. R.
Consolidated 6s, Irredeemable
SECURED by a direct moitpagc on 316.64 miles of
road
A first lien on 30.49 miles and a second lien" (sub
ject to the first 4s, 1948) on 286.15 miles.
UNDERLIES the Lehigh Valley R. R. General
Consolidated 4s, 4s and 5s, of which there aio
?64,736,000 outstanding.
Listed on Philadelphia Slock Exchange
Price 118 and Interest to Net 5.10
Free Pa. Stale Tax and Income Tax Up to 2
$35,000 Erie and Jersey R. R.
1st Mortgage 6s, Due 1935
SECURED by a first moitgagu on 38.60 miles of
double tiack forming part of the low grade through
freight line between Chicago and New York, including
a tunnel one mile long and cohtly bridges. It is with
out grade ciossings. Assumed by the Erie R. R.
UNDERLIES the Erie Consolidated and General
4s, 1996, and the Consolidated 4s, 1953, of which there
arc over $76,000,000 outstanding.
Ltsled on N. Y. Stock Exchange
Price 91'2 and Interest to Net 6.10
ELKINS, MORRIS & COMPANY
Investment Bankers
LAND TITLE BUILDING, PHILA.
Members of the New York and Philadelphia
Stock Exchanges
3
194
V4
14
514
ft
394
194
7914-3014-
9IJ4 1
8114- S94
77 -
13t'- 194
51V4-
Ex dividend.
tUx rleht,.
SHARP DROP IN CORN
UNDER LIQUIDATION
Support Is Lacking and Slight
Gains on Profit-Taking
Are Not Held
CIiIcjro. Nov. l- Theie weie sharp
losses in tho torn market, today under
liquidation induced by vvenkness in se
euiiticH nnd cotton. anprelieiiMon over
the monetary situation here and abroad
the i-tilTest i barges on money prevail
ing at New ork in n long time, ficsh
,ii..nriiir!"i I., forplcu pxchnugp.
,'hpnner hoirs nnd idcnl weather for
ctiiing and forwarding tlie crop.
Profit -taking by nhoitH, on light ie
celpts and an upturn in the cnf.li niticle
.1 ...... ll.'in lirnili-hl nllOllt a Sllllirt mll.V
but the i-iipport did not Inst and gains
were not held. , , , ,
Although there was no appreciable in-
..... I., .ITnrSniFU from HlP COUlltr.V
'IIU.'' '" ..".....,' -.---" - -
mnfo mm wpri nroinised and there
.. ..a n-o.llAHnnulhnt- the lnOVCIIiellt 80011
M iimn iiwni' ,. ,
would benme heav er. Inclimtrics were
ngaiu after com. nwlug to Hie mor
favorable labor nituatlon.
Oats finished lower nner iihvihk i
lied on iiininro of sales for .export nt
the seaboard. T bene reportH could not
be confirmed, local brokerR receiving
dispatches that bld were out of line.
Trading watt largely profensiioiial, Be
(elpt were .disappointing.
Late In the day it wan (.aid that iew
"Vork exporters hod cold 30Q.000 bushel
nf heavy oats, and it was believed that
theie hnd heen moderate sales ol r.ve
nnd barley or shipment abroad.
Iaillnc futures ranucu as ioiiovv"
i urn (new delltry -
open limn
1 su 1 ami
i -y'i i.-';ii
Ic
lllll
Hei
rork
Inn Vla
Lard
S'm .
Ian
lllbs
Tan
Mm
Bid
71s
7t'i
73'4
Low
'20 J
1.24
71 Ji
74 V.
Tent.
Clone i lose
1 ,H(I5 1 0.1
1 :. 1.20
1 2m
73
73 V.
?JJ.
J8 27 23 (0
:.!, 24 SO 24 1)0
lK.ir.
1. 10
LU :
Jll 27
11 00
IS 4.1
ll) 40
18 61)
18 111
23 40
24 70
18 13 18.37
IS 10 1S 5'J
BANK CLEARINGS
rut. current make, colored, average run,
32V4P33C. fiat, current make, white, aver
age run, 32Vj(?i33c colored special, 31V4C3
32c, white special. 31H32c.
Lank tlearlnus today compared with cor
"dponrtlng; day last two jears:
1010 101S 1017
I'hlla M,2UK,h0ll 13.KN7,331 100,1)73.070
Chioano 113 433 320 117.343.8113 ..
lloslon 1(11,144.7.111 31.(130,887 4S,433,r'lll
V V (iiu 1)117,331) 0SS,11t).37 BH2.313.tMJ
h( Louis 3(.MS,513 4, 733.700
BUTTER, EGGS AND CHEESE
Ne lurk, Nov 12. nUTTBU-lliiihcr
and turner Iltcelpts. 0048 tubs. Jllnh
.twin 70i, ft71c. extras, 70c, Inside, firsts,
OSVsWiIOl, peconds, S3430c, state dairy.
usei.o,
I:(K1S Irregular. Receipts, 7280 cases.
Fresh gatheied extras, 7172c. cxtr.1 1rl.
d'll7e Hrsts. 6306c; seconds, 30Wi)2c,
dirties. No 1, 60?B2c; No, .', 4340o.
checks 424Bci undergrade. 458B5ci refrig
erator, special marked. B8B4c, refrigerator
llrsis SPjfflBS'io'j rlfrlgeralpr seconds, 17
ff.llt stale and nearby heniirv whltcsi OS
itsi gathered wniies. iwkvuoc
whiles. BSftOOc, pacific coast
ouisiue, uetiein ann
western
whiles, tl:
southern gathered
whiles, OSODOc: stale- and nearby liennery
browns, 70"7o. mixed colors. 72973c;
nilxeil colors, fair to prime, MtfJIn.
,'lliru.ati. 'u.-.Ai-. It.. nl. S527 bases.
mf iuuwh ,jl,war ,.. v.-i v. -' ti
Of Importance to
Bond Salesmen
How much would it be worth to
you to be sure of never losing a
sale through lack of knowledge
of investments?
It is certainly far cheaper to spend a
little in the beginning and remove
the greatest source of lost sale lack
of proper preparation.
Our 30 Lesson Course on Investments
and Security Selling the basis of the
success of hundreds of bond salesmen
today will greatly increase your sell
ing efficiency, in fact, Dractically in
sure your success.
Full details and Oui!n of Count with
booklet. "IVior tht investor flats tn a
BondSaUtman.'ttnt gratis, on reauest.
IVrlte or Oiilllrio J-X TODAY
Babson Institute
Foimtrty Invettmsnt pank$r$ Burtau
Wellesley IIUIs, Mats.
Tiolor-llliurton Iron & Si eel Vs.' IBIS
Cons, CHIes l.t.. I'r. & Trap, fis, 1U6J
IVnim. It. II. Cons. 4b. 1018
I'liilu. Ilanlil Transit Ss, 1 1137
l.ehlih Power Her. es. 1D27
llaltlraore 4 Ohio 0s. 1021)
HENRY D. BOENNINQ & GO.
Mcmbem PMla. Stock BxehSna'
HTOCK KXC1IAMJE IIV1UIINO
Ulretl l'rlale Telephena to New York
The More
Attractive
Foreign
Loans
The internal loans of the great
European nations now present
the most unusual possibilities for
American investors. Four of
these loans are described in our
new circular No.i 7346, which we
will send to those interested.
Bonbright & Company
MORRIS WISTAR STROUD, Jr., Manager
437 Chestnut St. Philadelphia
New York Boston Chicago Detroit
LIBERTY BONDS
Bought, Sold and Quoted
Call, Phone .or Write
Liberty Band Department
Bell, Spruce 250 Keystone, Race 2900
West & Co.
1417 CHESTNUT STREET
Member
New York tituck ICxihiinge
FhlUdeliihU Btoik Etchings
lis Always Uan uu Huud u I.lst of High Grade Bonds
Correspondence. Incited
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