EVENING PUBLIC LEDGER-PHILADELPHIA, THURSDAY, NOVEMBER ' 13, 1919
I
i "
If
w
20'
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
p
c?
&-!
ri:
W
?,
i
$
,jf
lie.
n
r
i'
NON-TAXABLE
vs.
TAXABLE INCOME
Our circular for November
takes up the question of the
Income Tax, comparing the net
return from taxable invest
ments with the income from
non-taxablcs.
Also it offeis a selection of
choice securities yielding from
5 to 8
Copies furnished on application
Edward B. Smith & Co.
BANKERS
CSrAIlMSUED 1S3I
Ifftnterj .V'lo York nml rhilcdclthla
Block EicJiciiibm
rinr,nr.t.i'iii
mi (liriicut ?t.
m:w YORK
M.W LONDON
KASTON
ALI.1.MOHN
MARKET SLUMP CHECKED .
BY SUPPORTING ORDERS
Initial Advances of 2 to 15 Points Made by Stocks Hard Pressed
in Previous Sessions
Values Based
on Earnings
The value of a prop
erty is based almost
entirely on its ability
to produce an income.
We offer investments
secured by properties
which have produced
under all conditions
steady and liberal in
come return. Due to
market conditions
these securities can be
purchased at prices to
yield over 6 VI
For particulars send
for our Circular Letter
No. E-49.
Ghandleiu Company
Franklin Bank Bids.
Philadelphia
New York Boston
Now Yoili. Nov l.'i DNtinrt 1m
liiowmenl uiiH hiiwt in tin1 stock mat -Kct
nt the oiicnlnij this mninltiK. lnMies
whlnli uiffrteil itrentest ileii relation in
tin- tinclitifc of tin1 lat few dijs mi
lled - to 1" points.
Instead of the hcin nelllng prevail e
tluit wns in eUilenee nil tluouph jc
tot 'ln ' tmdin?. there wns n illiposl
tion to hope tlint the worst linil been
ntseil Mnnv who hnel "locks for vnle
lefrninei fiom olTerini! until n little
iiiiibipnm liutl been inrtile in the earh
(lenlliiRs.
The initial ilealiiiRs lellecteel n libetnl
, Mippl of MilipoititiK circlets, which evi
i elenth had lieen distributed milting t Jn
most MiliKiahle spots.
(lenei.ilh the ehniiRes in the first few
minutes consisted of ndtiinccs, in some
j ruses of n violent rliium trr, R.iins e-
I tending fiom 1 to lfi points In the
Piter tindniK pressme wns notrel in
mum stocks again, anil home issues
j ii'Mi'd to iindei jesterilaj's lowest
pi ire.
The Rientest gnlii wns made in (ien
ernl Motors which opened up 111 points
nt 5!il." nml then leaeted to -"!.
Mexican IVtroleum opened Ui II
noints to 111.", nml lenetrd ill the fol-
lnu tin. nilra in 1111 1'iilinil Slates Ilub-
bci was stroui; nil tlirnuch the first lif
teen minutes aelvniirltiK - to l-()'c
mid Ktmlrbnkrr wns one of the weak
fentures. After opening up l1". nt 111!1..
It diopped to 114V.:
1'ieue-Airow was in better demnnd
nnd lelleeted suppoit iidvitnciug Hi to
MS and lifter relating to (iC.'l had a
lilii It mllj to (IT.
Tnited States Steel opened up 1
mint to MUX., hut wns ofTeied In huge
blocks possibh to foi tifi other holdings
with cash pi meeds nnd folded to KKHi
I'.iildwin Locomotive made a tiulii of
:!, to 111 and then Welded to Kill
I. in knunmin wns in fair deinand ud
uinring i points to S7. Soiithein
l'acilie aftei ndi nines and t evictions
showed a Rain of 1 point at 1'W.
ieiv York Bond Sales
Summary of the lnlllluM trnncac
ions on the Ni York Stork lrlianffo
Am Tot HI "o r.s
tnnn n
Am -melt & H 5
t (10(111 nli
30(1(1 "0 '4
Am Tel Tel ts
inoo '"' U
moo I)!Hk
1)000 0' s
nun) 9C4
Am Tobacco Co Ca
'JOIlll 0!
Anclo-FrHnon as
40i)(i
101)11
1(1000
18000
!00(l
101)0
Oil 00
11)011
1(1011
A T r
nm,
. 11
in
01
: l
II.
07 I
S ! P.V
1
I '
U SURPLUS (EARNED) M
112, $2;00'0-QQQj
it
PLAN AHEAD
for the care and final distribution
of your Estate as you would for
any other business matter.
Consider the advantages of
appointing this Company your
Executor and Trustee, and con
sult our officials freely without
expense.
BE PREPARED !
A Saving Fund Society
nnd
. Insurance Co. Investment
J'cnnn. Kallroad System
B
S25 000 ;
Pittsburgh, Sisicinnati, j
Chicago and SLLJy.Oo.
Consolidated Mortgage tiJ2s '
Due May I. 1964
TAX FREE IN PENNSYLVANIA
.Guaranteed Principal and Intersit.
by Endorsement by
Pennsylvania Company
(Lines of P. R. P.. West o(
Pittsburghj
TltfM. t)oncln nrr a flrht mortcner on r21
mllpft of ruiid (Inclucllnc th mllracr fnim
t'lltsbursli to Columbus unit from Imliult
nivollri to LotiUvUIr) nnil br a mortcniett on
nS2 lullcn Hubjrct tu on $1,118,000 under
!)llir lioiidn, that In. n tnortfCiiKe lien on it
total cf 1107 mile of nud rampriNlnx that
IKirt of the 1". R. It, ,stfm brtcen the
cltltn ct rittshcircb. X'nlcimbUN, ( hicclKu.
IufSlaDmiollic. C'lnrlnnutl and JiuUTlllr.
Circular on Itequet
To Net Almost 5 Per
Cent.
Erlce:
Biddie & Henry
SOCIO '
moo . i i
Bait &. Ohio cv I
-noo ni, I
loon H'i i
looo . H"'
oooo n
Halt & Ohio B
3000 " l
;oon 'v4 '
Heth S Corp rd
?ooo
r C Cairo
looo ' i
- r f & St T. 4
.1000 "l
Cent rac Ity 1st
nooo .
Ches S. Ohio 4Ws
2000 14Mi
Ctiea & O cv 4 'is
2000 7H'i
i-lic." Ohio rv 5s
1000 S3
Chi U f- Q cm
80011 '0Vt
Chi M & bt V 3'ja
looo IS
C JI & St Paul 4a
200(1 niOi
C m S- Sir c 4 Ha
10(10 is
looo 'i
CMS. St I' Bni 4 14
2.1000 "
CM M & St V cv 5s
300(1 "I
.100(1 " I
1000 t
Chi & N W 4s of 87
4000 . B
Chi ft N W Ch of 87
10(10 !"Vj
Chi li 1 & Pae fd I
i moo . nMi
1000 0Vi '
1 1000 Mi
Chi It I & Pacific 4s
I looo . 7ST'
1001) . . "S'b
i Chili- Copper 6s
10000 .... BS'A
,10000 . . . US i
100110 ... s.i
1000 . US I
C of N' Y 4's of '
May '&"
2110(1 HIUl '
, C of N Y 4'js or
I Nov '57
I 1000 101 ',
C nf N Y 4b of 63
2000 1011
C of N l'n of CG
11100 0"
City of Paris 6s
2000 llS'Vi
1000 . OS'S,
1000 0.1
2H000 l11-i
23000 uav
2000 . 05(V!i
Con Gau Co cv
3000 . 1)0 Vi
,1000 0Vi
B00OO 00 Vi
Den & Rio G 4b
1000 03 Vi
Detroit I'n Hy 4jH
1000 71V
Dom ot Can 6s '31
2000 113'A
3000 mvi
Erin P. P. 4a
1000 .1H
T.rle RKcvD
3000 4.1 V
looo . . 4S44
Erie (ieneral I.la
1000 . 4GVh
looo 4(1
Hurt & an fd
Rfloo 83Vi
1 Hud S. JIau In
2000 12V4
.looo l?'!,
10000 Pi's.
Ill Cent 4a of 53
8000 OBTd
0000 CO 'i
Indiana Steel 5n
2000 . . osw
Inter Her M 6s
2000 . 05
2000 00
0000 . . 03
loooo on
Iuterhoro .Met 4VJs
2000 . tl
1000 . 22
t(Xl I) . . 22
Inter Hap Trans fd
LclilRh Vul Co.il 6s
looo lot
Louis & .N'nsh 4a
looo R.I
Manhntun i:io 4s
3000 .IK
3000 . &H
loooo on
Midi ale S & Orel Ss
2000 00 V4
1000 . . HO
3000 Hfl'l
10001) 8.114
Mo Pacific gm 4s
1000 . A7
NY O Hit lUlr.r. Is
2000 . . HI
N Y C II 15 1515 44
3000 . 75
1000 754
N HP. 1515 fls
4000 . O.IVfi
1000 03
1000 . . 03
1000 . 01
N Y 15js ct ds
10000 . . 7
N '1 elciihoo" I'-aS
1000 . H4''i
y n elephn" 4j 1
10000 . .. fl'M
1 .v 4s
1000 .. 7R
N . , 1 v Cs
2000 . I0l1,i
N01 1 1 n Pacr c 3s
8000 B314
10(111 "Vi
1001) .I.IT-i
100O . . .'..Ti
2000 . . 50
Northern Pacific 4s
1000 . . 77Vi
Northern Paclfia Bs
3000 35
Noith It of Cal 5s
TOOC) .... o.lVf,
Ohio Con Rwy 4s
4000 . . H5 Ki
Pacific Tel .1 Tel Eh
looo 89
1000 HO
Pc-nnu. 15 15 Bs
loooo 01
0000 ... 01
2.1000 . ..ill
20000 VI
18000 . . 00?
Penna It It en 4',5s
looo . Ul
Penna Bin 4 Us
looo . . HJT'h
3000 . . 82
Reading 4s
1000 . . 82 'H
1000 . . 82
St & San Kran In
3G000 . . . 30T
2000 . - 30 Tf,
4000 40
1000 . . 40
2000 . 30 Ml
St l & San V Se A
1000 . nnv,
1000 . 50
1 2000 ,10
NEW YORK STOCK EXCHANGE TRANSACTIONS
BIG STEEL DEMAND
Increasing Inquiry Noted In All De
partments Railroads In Market
In its wccKh review of tli( Iron nnd
vterl Uncle, Hip Iron Tiaile Kewew .ivill
s.a,v loilnj :
"With the coal strike ollieialb ter
initiated, and the steel strike In its Inst
stnee of dissolution, the fnetor of lnbor
unrest lins assumed seeondarj import
ance for iron nnd steel iiianufnotiirers.
The chief problem nt this time is how
to hnnclle the Inrse toiiiiiice of unfilled
01 del s 011 which delh erics are pust due,
and to necomniodntc the insistent de
niniiils of consumers fm fmtlier mn
tcrlal "Ijittle iirogress lins been mndc in
tPcluciiiK deferred oblinntions which lune
been piliiiB up bj reiiscui of the loss of
production iluriuK the last seen weeks,
111 fact, spec ideations t ill 111c pbutiuj;
in upon the produccis 111 11 olumo that
oflsets the liicuMslui; output It is clem
In ret' tonnuKes of iiiidcliucd 1H1H
cudcrs must lie 1 nrnc d over the mills.
into lflliO. Pur noli unci s me kecpinc
I up their stcncl ncnnnie 11s the ileninuil
eveeeds the suppli
"The inil tnniket ciintinues to show
liiucli nilivitj as the miiils nre looking
foiuind to icstiucd piivute coutiol. At
t'liiciiRO. western lines uie closlnR orders
for 11120 deliicn, totnliiiR inO.OIKI to
J(M).()()( tons The New- York t'ential
sjiteni is about to come out for n lnrijc
tonunBe ill the inst wheic the Iie
Knilruud is, liRiirliu; on IMUKW to .'SO.CHIO
tons and the rennsjlvaniii lines east
continue to negotiate for 200.000 tons.
"IlelBium has pliued 20,000 tons of
open hearth mils with the Steel Cor
poration for first ijuuiter nt a leported
?," nihnnce.
"Cnr repniis for domestic roads
jilncid at ChicaBo tall for about .'1.1.000
tons of steel. The t'uion Tank Cur
Co. has placed 4000 tank cars. The
I'eiiiis.ilvnnia Ituilroail 1ms placed orders
for 2000 toix of plates for forti loco
motives, which it will build at its Al
toona shops. Plate mills, which eath
in the jeai weie htiiiBr for business,
now nre sold up for two or tlnee mouths,
and one milker has advanced its pi ice
S2 a ton. Sheets tire en dilhc ult to
obtain and premiums of S10 to vSl.") 11
.ton me beiiiK pnid "
FOREIGN EXCHANGE
j.si; xi, in, ,iu. 1.,. vu.v.i.i ...
(droits was Riven ns 1111 '"cplnnation for
n i.allv in MorlinB exrliance this nioin
iiiR, it beinB ciuoted nt -1 12't for de
mnnd and 1 1:14 foi cables. Marks were
close to the low record, nt 2 7.". Prunes
were quotnl at !l !!0 for cobles nnd il.li'J
for checks nnd lire cublcs were nt 12.:i."i
and 12 .'17 for checks After the fust few
minutes the market de eloped n souk -whnt
lenetionary tin 11.
' fl . -! . ..... n .
1 Sttiss rabies f).4S, checks 5. HO :
St t, & Srn It n 1st Builder cables ,li7s, elieclts Jc'U; pese
1000 . .. 0274 tns cables Hl.tlS, checks 111.00; Stock
1000 (ii 'holm cables 2!1 35. checks 215.20 : Chiis-
stt 1. A Kouthnst en Itlmiin c.nhlis oof.n. rlipcdts 22.U5 ; ( o
1 4000 87 Vi pcnhnRen entiles 21 10, checks 20.11.1 .
Southern Pacific D Uelgian tables S.70. checks S.72. Ttiible
j 2000 . 77 cuiifuc- l.no for 500s; fi.40 for 10()
Fo Pacific cv 6s ' ' -
Dlv
Rlm in t
i soo
i 600
000
tsoo
100
.100
200
ton
1700
coo
1.100
joo
400
H00
300
400
5700 4
coo
4000
200
100
1700
1100
too
too
1.100
,100
1400
.'10(1
1050
200
3100
400
400
!00
2100
400
300
too
jsoo
1000
500
20000
700
100
400
.100
l)0
CliOO
100
400
500
100
400
700
hOO
200
MO
S0O
2000
CO
100
17011
too
3300
00O
400
rjoo
400
200
hOO
400
too
100
1100
100
700
400
C00
COO
200
3100
200
too
13 HO
400
2H00
2000
2000
:ioo
400
200
200
.100
100
400
300
1100
ODD
GOO
.100
4100
1200
1200
2100
100
OSOO
JOO
1000
2000
207.1
2 JO
COO
700
100
1430
rioo
51)0
200
COD
2700
31100
2200
3300
Hlch
.. Alliance, Ilumely .. , ,11'i
0 AJax I5uhber SO
.. Alaska Gold Mlnea .. V,
.. Allls-Chalmcrs 4214
7 Allls-Chalmers pf ... fl.1
8 Am Agrlo Chem il'.i
Am IJeet Sugar 01
8 Am ISosch MHRncto ,.I2.'?4
. American Can 55
7 American Can pf ... 102
1 Am Car & I-Mry 131
7 Am Cnr & Kdry pf ... 1 ISIS
.80 Am DriiRKlst Sjn .... 1054
. . Am Illdo & Leather . . 3
7 Am Illdo ft I,eath pf 124
.. American Ico ... 4214
.80 Am Intermit Corp . 115
3 Am Unseed Co Tl'A
1 Am Locomotive! 05
7 Am Locomotllo pf ...100
. Am Malt & Grain . . Sl'S
. Am fillip & Commerce 3.1 !4
4 Am Smelt & Itef . . f.O
7 Am Smelt & Itef pf IdOJ-a
13 Am Snuff . . . 121
.1 Am Steel Foundries 40'n
7 Am Steel Kdr'es pf . . 07
7 Am Susar lief ...MS's
10 Am Sumatra, Tobacco 00(4
20 Am Tobacco . .. 2r0U
0 Am Toliacco pf new . 09 94
7 Am Woolen . . . , ISII'i
Am WrltliiB Paper pf. fiSU
.. Am ZIna Lend & Sm . 17
0 Am Zlnu 1, & sm pf . m
4 An.icondn. Copper ... CSVi
. . Atsets Kcnllz.ition ... 4
As'n 1'Vy Goods
6 Associated Oil 110
C Atth Top Ss Santa Fe . SS
10 Atl llulf & V I S S.llit
. . Auto Sales tout ctfs. . . Iti'i
. Ilaldwln Loco Wks .. Ill
. Iialtimoio & Ohio ... 71ft3
4 Dnltlmoio Ss Ohio pf.. SO
N nairctt Co 121
Untopllas Mln'nR ... t'i
Pethlehom Jlotors . . 30
5 IiPtlilchem Steel H ... 0BH
N Bethlehem Sll 8r pf ll.t'4
. Ronth 1'islierles . . . . l.llii
Ilrklvn Rapid Transit. 10i4
nklyn P. T ctTs of dep 13?4
10 limns 111 os .. .110
.SO nuttn Copper Ss Zinc. 0
. Htitto & Sup Cop ..." 24
. Putterick Cc "J7
.. Caddo Central O & It. 28
4 Cnllfornl.i Packing .. 7S'J
. California, Petroleum . U'i
7 California Petrol pf . 77
? Calumet & Arizona . 7I1-S
10 Cmirilan Pnc'fia 14S
7 Case .1 I Thresh M lr 09
5 Central Leather .... 07VS
4 Cerro do Pasco Cop.. SH'i
4 Cert n in-tc.ee! Prod Co. SO
K Chandler Jlotors ....111
4 Chestpeiko Sz Ohio .. SB
.. Chicago Ct Western . n
.. Chi Mil & St Paul ... 4214
. Chi Mil Ss St P pf ... j2'4
7 Chi & Northwestern . Ml?
C Chi Pneumatic Tool ..107)4
. . Chi ltock Isl & Pao . . 2GT'o
C Chi H I & Pac 6 pf. 1V4
.. Chile Copper "0
3 Chlno Copper 30H
Coca Cola Co 40J4
Colorado Fuel . Iron 41 U
Columb Gns & Elec
1 Col cir.iphophone . . . .
7 Consolidated Ons ....
Consolidated Textile
. . Continental Candy . . .
. . Con Interstate Cal M.
. Corn Products 15e . .
12 Crucible Steel Co
. Cuba C.ino Sugar . . .
7 Cuba Cano Sucar pf.
. . Denier & 11 G pf
Dome Mines
a Elk Horn Coal Corp.
Kmcison-Hrantlng ...
7 Kmerson-Hrantlng pf
fill i:ndleott-Johnson . ..
7 nnd!cott-Johnon pf
. Erie
. . Erie 1st pf
8 Famous Plajets-L ..,
Fisher Body Corp . .
Flsk Rubber
2 Freeport Texas
2 Gaston Win & Wig .
General Cigar Co. . . .
8 General Electric Co
12 General Motors Corp
to
01
soli
.14
1291
17
5i
217
41?ic
M14
lC?a
13 Kb
3.1 Vt
ZVA
92
1204
IO8K2
24
Ofil's
127
41
SOU
21
7SI2
11,7
205
ES'i,
8H
.3T'3
2e 1 04 SOUTH FIFTH STREET
,1000 107
20010 101 j
.-000 .IO-.V2 I
1000 KIlVi
2000 . loi'.i
S00O . . lO.lVn
2.1000 1115 '4
10000 . . 10514
S0OO 105
Texas Co Cs
4000 . .. 101
3000 101 '
I Union Paclfie r
I 1000 fltTii
Union Pacific fd
I 2000 . 77
3000 77 Vi
I U K O B & I '21
I 2000 07
23000 . 07
! 2000 . 117
ilOOO 07
j 27000 . . 07
I 1000 07
2000 07 i
u k ot n n & I
I rets of 22
10000 . . 071
I 2400(1 . 07 7n
07000 07 lie
U K of O B & I
, rets of 29
loooo .. OBld
200000 . 011
20000 OflS.
10000 . 00 'i
1000 . . . 00 'i
100000 . . 071h
30000 OH
71000 . . Oflli,
U K ol G (k I'l"
French
'ails, Noi
Bank Statement
13. Tin- weekly stnte-
l! Gen Motors Corp deb
4 Goodrich B !'
7 Great Northern pf . .
4 Gt Northern Ore Ctfs. 40'B
Greene Cananea Cop 40
Gulf States Steel . . . C7
4 Haskell & Barker Car. SS
li Homestako Mining . . !
l Inspiration' Con Cop .. W
Interbor Con Corp ...
. Inter Con Corp pf ... . 1C
Int Agrlcul Corp 22
(I Int Harvester 131
Int Mer Marine 53
(, Int Mer MarliTe pf .. 104H
. International Nickel . 2514
. . International Paper . CO
Low
30 V,
80
iy
4 1 ft
A3
112 Ji
01
12.1
.14 i'o
10J
K.1?i
1M!4
10H
32
124
4214
113
72U
O.T2
105W
3IV4
is's
100 Yi
121
40
III
13S
04
2S2
00 H
110'A
(17 ?4
1774
ll'4
t'54
4
S2
110
88
ir.ou
M li
108 j
38 ft
SO
120 Ji
1ft
20 ft
OS 14
113ft
15
10 ft
13?4
117
OH
23 H
27
. -8
7S
44
77
71ft
146ft
00
0.1 VI
S.lft
4Sft
110
so
0
4156
02 Vi
00 ft
107 ft
264
r.i ft
20 H
39 H
40
41
CO
(II
no ft
34
12
17
84 4
212ft
41
81
IBft
1.1
33
30 ft
02
i2sy,
103 H
144
23 ?4
0.1
121ft
3014
38 Vi
21
73
1(17
2SB
8.1'b
82
f.1',4
83"4
40
CO ft
S7W
dS
SSJS
s
it;
22
131ft
Sift
10314
3
1ft
a
1
Vi
Vi
ft
Ti
ft
lft
11 SO Net
ti ciir.
30Ji
80
2'. - Y
42J4 V4
93 .,
92J4 '4
91
12.1 '
ss y
102 -
134 IV
1I5J4
10
12
124 -
42ft
113 -
72 ft Wi
02ft- ft
1084 - '
Slft-t-
34 4-
C9
100 ft-
121 -
40ft
03
13S
04-
2S2 -I Jb
00 M '
110ft- 2M
S7?4 1
17 H '
SCft- ft
CSft ft
4
S2 - 1
no 12
88 H
1B1 - 2ft
15ft- ft
108ft-
38
.10 -
120J4
1ft-
30 4-
HOft-l- 14
113ft- ft
15
10ft lft
13?4
120 ft
0 -
24
In f
Dlv
High IOW
100 .lewel Tea 23
100 2 .Tones Bros Tea 28H
200 . Kan City Southern ... 18ft
1300 4 Kclly-Sprlngilelcl Tlro.138
100 8 Kelly-Spre T 8 pf. 105
100 .. Kelsey Wheel .... 71
000 2 Kennecott Copper .... 31ft
4800 1.20 Keystono Tiro & Rub. 53
3100 0 Lackawanna Steel ... 87
100 .. Leo Ttubbcr & Tiro . . , 34
100 . Lee Rubber rts 1
700 3.50 Lehlsth Valley ili
300 12 Lorlllard p Tobacco .188
100 7 Loulsvlllo Ss Naanvllle.llO
100 1.75 Mnnhattan Shirt 30
1400 .. Maxwell Motor 40?4
100 Maxwell Mot lBt pf .. 68ft
100 Maxwell Mot 2(1 pf . . 33
200 7 May Dept Stores ....115
11100 10 Mexican Petroleum
100 t Miami Copper . . . . 1
1400 1.20 Middle States Corp
27 - 1
28 '
7.1 - ',
443
77 -
71ft-
115ft-
00 -
05 ft-
B5ft
48 ft-
110
50
9
41H
C2ft
80ft
107ft
2?4
30 -40ft
41 -1
00
01
noft
34
12 Yi
17 I- ?
8514 I
212ft- 5ft
4lft4 1'4
81ft ft
10ft ft
13 - Vi
33
30ft- 1
92
128?4
103 Ya -
15
24
95 ft
121ft- lft
39ft- lft
3854
21 -,
73 -1C7
288 t
85 Ji
82 -f3Ji
C6ft
S8
05
S5Ji-
.1
10
22
13IM
SI ft -
103 ft
ft
Ub
H
ft
I'M
2ft
ft
ft
ft
234
194
lft
ft
itt
ft
ft
C7ft 07 ft ft
3,100
400
900
non
GOO
200
too
300
100
100
500
COO
100
300
100
BOO
500 2.
100 2.
1200
400
COO
1800
3.190
3400 .
100
100
300
CoO
800
4.100
1830
400
1100
1000
ion
200
10400
100
1800
200
COO
1000
200
1400
900
1800
400
7100
300
12800 8
2000
700
300
200
200
1C200
700
148110
500
200
2000
10800
200
700
1330
.1000
1100
0300
800
2000
530
300
1100
430
000
1C700
300
4200
3500
COO
80 00
100
900
41000
300
1700
100
100
100
500
1000
too
100
100
2400
2300
300
100
750O
100
2100
100
4 Mldalo Steel & Ord
Minn & St L new . . ,
Missouri Kan Ss Tex
Missouri Paclfia ..'.
Missouri Pacific pf
.105
. 25
. 58 ft
. 51ft
. 15
. lift
. 28
44 ft
3 Mulllns Body lift
3 National Acmo Co.... 3Bft
. Nat Anlllno & Chem . 07
5 National Cloak & S .. 77 ft
. Nat Conduit & Cablo . 12H
0 Nat Enam & Stamp .. 77ft
5 National Lead Co .... 81H
. Nat R It of Mex 2d pf . a
SO Neada Con Copper . 10H
ID New York Air Brake. 119
5 New York Central ... 71
60 New York Dock 4S
.50 New York Dock Pf . . 01
. New York N H & II. 32
7 Norfolk Ss Western ..100
7 Northern raclfic .... 85
5 Noa Scotia S & C .. 70
4 Ohio Cities Gns C0?4
.SO Oklahoma Pro Ss Hot. Oft
. Ontario Silver Mining Oft
7 Oregon It R Ss Nav Co 30 Yi
5 Otis Elei,ator Co ....130
. Otis Steel Co . . .10
3 Owens Bottling Mach. CI
fl Pan-Amer Petrol Ss T.109
3 Pennsylvania R 15 .. 425
5 Peoples Gas Chicago . 40ft
. Penn Seaboard Steel . 31ft
Pero Marquetto 23ft
5 Pere Marq prior pf . . 04
3 Philadelphia Co 32
Plercc-Arrow Motor . BSft
8 pierco Arrow Mot pf. 104ft
. Pierco Oil Corp 19
5 PittBhurgh Coal of Pa. 13
Pittsburgh & W Va . . 30
8 Pressed Steel Car .... 99ft
8 Pullman Co 121ft
6 Ptinta Alegre Sugar .. 82
2 Ray Consol Cop 21?6
4 Reading 78
Remington Typewrit . 81
B Repub Iron & Steel ..111
4 Repub Motor Truck . . 52
,70 Royal Dutch NY... 97ft
.. St h San Fran 17ft
. . Saxon Motor 18
fi Sango Arms Corp .. H0?b
. Seaboard Air Lino ... 9ft
Seaboard Air Line pf. 17 5S
. Sinclair Consol Oil .. Sift
B Sloss SheCt S & I ... 78
Southern Paclflo 105ft
Southern Railway .... 24
5 Southern Ry pf I Oft
1 Stromberg Carb 77
4 Studebakcr Cor)) 110ft
5 Stutz Motor 100
.. Tenn Cop Ss Chem .. lift
10 Texas Co 293
.. Texas & Paclfia 41ft
C Tobacco Products .... SB
. . Transcontinental Oil . 55ft
3 Transua & Wms Steel. B1
.. Union OH 37ft
10 Union Paclfia 121ft
4 Union Paclflo pf 7H
4 United Alloy Steel ... S0J4
7 United Drue Co 143ft
10 United Fruit Co 180
.. United Retail Stores . 95
. . U S C I P & Fdry . . . 25
2 U S Food Prod Corp. 77ft
10 U S Ind Alcohol 110
..US Ind Alcohol rts.. 40ft
8 U,H Rubber 120JJ
8 V S Rubber 1st pf ..113
BUS Smelting It & M. 71ft
5 U S Steel 104ft
7 U S Steel pf 114ft
B Utah Copper 70
4 Va-caroiina Chem ... 72ft
8 Va-Car Chem pf . . . .114
B Va Iron Coal & Coke 72
Wabash pf A 29
4 Westinghouse E & M. 51 Ji
4 WeKting E & M 1st pf CS
Western Maryland ... 11?4
West Maryland 2d pf 20
4 White Motor C
. Wheeling & L Erie
. Wheel & L Erie pf .
5 Wilson & Co
1 Willys-Overland ...
7 Willys-Overland pf
. . Worthlngton Pump
.. Wells Fargo Exp .
Hft
21 ft
t-Oft
30 Ji
89?4
80
51ft
2.1
28 H
18 ft
130
105
71
31ft
4ft
8.1
31
1
447s
188
110
30
40 ft
08 ft
33
115
100ft
25
50 ft
60 ft
16
lift
HYi
43ft
4 1 ft
3Bft
07
77 ft
12H
77
81ft
ni4
1BH
119
7 lft
47
fil
3H4
99Jc
84
C8
50ft
9
Oft
31 Yi
128
3B
00
107 ft
42
39 Ji
32 ft
22
04
31?4
00 ft
104ft
184
C2
30
98
121
80
21ft
77
81
109
51?4
90
IBft
17ft
7t?S
9
17H
soft
70
104 ft
21
CO ft
72 ft
113"0
109
lift
203
4.1
80
5.1
CO ft
37
121
07 ft
50 ft
143
180 ft
,92
25 ft
77
109
39
118
113
714
103K
114ft
784
72 ft
114
72
284
53
OS
ll?4
20
04 ft
13 ft
21 ft
80 ft
30 ft
8954
78ft
51ft
I.t Chge.
11.30 Pie
2.1 -
28H
18 ft .
138 -105
71
87
31
1
4.1
18S -110
-.10
-
lo?4
08ft
31
115
190ft -1
2.1 -50
ft
51ft 15 -11ft-27?4
4,4ft
41ft t
30 ft
B7
77 ft
12 H
77
110
fll
3i
100
to34-
i
ft
4
2Ji
2
1?4
1
ft
34
ft
3ft
4ft
ft
ft
U
ft
ft
Yi
ft
ft
9
.1
1
OPENING LOCAL MARKET
QUIET AND ABOUT STEAD Y
Apart From Electric Storage and General Asphalt Price
Variations Were Confined to Fractions
Little or no excitement attended the
enrly dealings in tlie locnl mnikel. Aside
fiom Klectric Ktotngo Ilntteiv, which
siilTeied n further cleelliie ot .!'J.i"0 to
120, price lllictuiitions weie conduct!
within the smallest .fincticuuil limits.
The tinding dm lug the lirt hour
wiih fnlilv nctlvc nml well distilbuted
with 11 notable nbsenee of the nciMUls
ness which nttendecl the late dealings
.vesteidiiy.
I'lHthcr elllng by the mole timid
lioltlns wns in evidence In different
pints of the list, but tills wns coiinter
bnlnnccd by the buying oideis which lind
been nttrnctccl bf jtsleidnv's, slump.
Considering the temnikiible elevation
iniiile by Klcctiic Ktoinge Iliitteiv in the
leiciit uniiiteiuiptid forwnid movement
MAY OPTION CENTER
OF INTEREST IN CORN
the initint recession wns relatively
small.
(iencml Asphalt pieferied niiccs'inon'
had 11 thin mm Let declining ."MO to
10(1.
The other locnl stocks ruled eoin
pnrntlvclj slendv. l.ukc Kulieiior Cnr
potation, which sustained the brunt of
the lliiiiidnlliig movement yesteiday.
opened 2.1c higher nt 20. 1 nlted
(!ns Inipiovemi'iit wns well tnken nt
ni. nnd Pliiladelpliln Electric nt 2.1,
both juices unchanged fiom Inst night's
dosing level.
llulTalo nnd Susquehanna preferred
on small transactions advanced tiOc to
."O'j. Huntington nnd Hieind Top juc
fened was off 2."c from the Inst snle
nt II. Win wick It 011 nnd Steel wns
tiiichnngcd nt S '4.
AUGUST LEADS BREAK"
ON COTTON EXCHANGE
?s Trade Light, but Market Is Firm
ft
lft
Ji
H
"1
A
'A
oft
30 Yi
12s
311
CI t
109 42 H -40
33H-22ft-04
-32
C7 ft -15 ft
104 ft- 1
10 - H
f,3 - 1W
30 - Ji
09ft- 8
121 - ft
8(l'- 2M
21ft- ft
77 - 1
81 - 2
109 - ft
51 2ft
DO - Ji
17ft- ft
18 - 1
80JS H
9 ft ft
17 5i lft
soft- 1
70 2ft
104ft r- 'A
24 - ft
00 ft
7244 2ft
113J4- lft
100 -11ft-
293
4.1 ..
80 -SSJ't,
C0ft
37
121 -
07 i
50Ji 143 -
18Bft
110
40 ft
129Ji
113
on Stability in the Cash
Article
Option Drops 115 Points on
Initial Sales Market
Quickly Recovers
ft
3
lft
ft
ft
ft
ft
Chiengn, Nov. 13. Dealings in coin
were llghler this nieiriiing, but the 111:11
Ket wns firmer 4111 a nillj in Miuiities
nnd stability in the ensh niticlc. Trade
was centeied in Mav which nltincled
nearly 7fi per cent of the inteiest shown.
Commission houses cipciated on both
sides.
The wentiier wns idenl for ruling and
husking corn nnd, while lcceipts were
ngnin small, conditions were niiiih
brighter for nn inci eased movement.
Heceipts today weie seventy-eight
cms.
December opened ni Sl.MO's to
Sl.IlOM. ngainst ."j!T..10,. nt the close
jesterelay, and later sold nt Sl.oO'Ji.
.Inininiy wns quoted nt SI.'Jlvi to
S1.24V. nt the outset and moved up to
$1.2r'i. or Vi cent nbove jcsterelnv'.s
Inst pi ice. Mav opened at SI 21r,s to
SI. 21, ngainst SI. 24 nt the end
jesterday and improved to XI. 2."'.
Offerings of outs veie limited and
the market wns firmer on scattered buj -ing
bv commission houses. Strength in
the cash nrticle nnd an nppnrenl good
demnnd for ctpoit for choice grndes hnel
n bullish effect.
The lcceipts here todn.v weie f. enrs.
December stinted nt 71'j to 71'"sC
nnd Inter sold nt 72c, or ie cent, above
vesterduy's last pi ice. Mitv started nt
74 to 71c, ngainst 74;sc nt the
end jestetdnj, and advanced to Tfilfce:.
The receipts of wheat here today weie
00 enrs; nt Minncupolis 222 cats; nnd
at Duliith, 111) cuts.
1
lft
ft
1
1
ft
ft
ft
Extra by Dow Chemical Co.
N'eiv Yoili, Nov. IB. The Dow
Chemical Co. has declntcd the regular
quurteily dividend of 1-14 per cent unci
nn etrn of 1. jier cent on the common
and legul.ir cpiailerlv dividend of ln,
per cent on the preferied stocks, nil
pajable November 15. Hooks closed
November (1 to November 111, both inclusive.
74ft 2ft
1035,
11414
79 -72ft
114
72 -29
53 -05
..
11W .
20 ..
04 ft
14 ft
ft
K
ft
1
ft
?4
4H
GOVERNMENT BONDS
P'ltiamn eounnn ?s 1030
Panama resistered 2s, 11)30..
1'iui.iinc. (uuiKin -'s 10(k
Pnnamn reBlatereel 2s. 1038..
i'ancima coupon :ts locu .
Pnnnma roKtstereel 3s. 11)01 ,
Philippine 4n. 1031
Philippine 4s, l'HI . .
Philippine 4s. lino
II S ciovt coupon l 1H.I0
I' s Oovt reulsterpcl Ss 1010
U S Govt coupon 4s 1025 .
r S (iovt reKlctereel Is. 10J.1
t)l of Columbia I'-n.ls 1021
Jllil Ask
'))-. ..
00 VI ..
99 Vi . .
ss III
SS 01
fu on
u no
02 on
mo
100 1(111 1,
1011 mnii
mi. linii,
07
COVl OX IlKl.T WKATHKU rONDlTIMNS
evv erk, Xo 1.1 Tlie fnllnwlnff tern
rrnturen M.Te recor.lp.J in the cotton hU
tills mornlnu Clinrlestnn wntl Tnmpa (I'l
Seivnniiah (I'l. Ansusta mill Jacksonville.
01 AVIlmlnstoiT ill' Marnn Pensneola anrl
New Orleins M, Oalvcstnn .is Corpus
Chrlfitl anil Montffonierj. 40 Atlanti. 12:
MerleUm add Vickshurff 10 Knoxvllle and
Shrevtport 1) sn Antonio 32 Mem
phis l.lttln nnrk 20 Old iliomn Clt unit
Abilpne. 20 There was .SO inch of pre
cipitation nt Knoxvlllo '.'IN at Atlanta
anel 01 at Charleston Killing frosts wero
irporlcel nt Shrpveport Little Hock, Mem
pills nml Nashville
New Yoilt, Nov. IB. The cotton
mnikel had n better tone today than the
volume of unexpected selling orders nt
the close 1nst night might have sug
gested. Willi tlie etc option of August,
which luoke 115 points, liist sales were
oulv 21 to 50 lioints net lower.
This wns due hugolv tu aggressive
support given by some of tlw lnrgo spot
houses, collided with n better feeling ns
to securities nnd killing fiosts in mnnv
IinrtH of the belts, stopping nil ginwth
of cotton in Oklahoma, northern Ton,
Aiknnsns and Tennessee
Shottly nfter the tijieniiig, the list got
ftitther Kiippoit on ieioits from the
South, clnlming Hint spots hnd refused
to nllow the diop in futures nud were
being umjily piotectcd by bnnks nnd
holders who hud plenty of niouej with
which to finance their cotton.
Some of tlie old bulls also nssisted the
mnrket, nnd nt the end of the first fif
teen minutes it wns nctive. firm and
back to Inst night's closing levels.
December
lanuarv .
Mnrch . .
May ... .
.lulv
feeptember
Hid
NEW STOCK RULING
New York. Nov. 13. It wns an
nounced nt the New York Stock Ex
change esterda that the bonrd of
governors hnd ndojitcii the following
ic solution :
"Resolved, That in the opinion of
the governing committee when a svu"
dicnte is formed to jmirhnse or under
write securities to an amount stated in
tlie invitations to subset ibe thereto it is
not consistent with just nnd equitable
ptinciples of ttnde for the mnnnger or
lnnungors of such syndicate to allot pnr
ticipntions tlicieiu to nn amount in
ccess of the nmount specified in the
invitations to subscribe unless all sub
sci diets conseut to such allotment."
Test. Today'n 11:00
close open a nv
. 30 204T2.' 30 00
. 3.1 10 31.(10
III OR 317.1 .14.85
. . 31 1(1 .'IJ 00 33.1S
:u m sj on . . .
so.r.o .. .
Philadelphia Stocks
mint of the ISnnk of Trance shows the
following changes: Cold in hand In
creased 435.005 francs, silver in blind
decreased 1)00. 157, notes in circulation
decrensed 21.102,i'."i. treasury deposits
decreased 4(!,SOO,710. general deposits
decrensed U.344.532. bills , discounted
decrensed 103.057,231, advances In
erensed 2.37K,.r00. There w ere no fl esh
advances to the btnte during the week.
Reserve Banks' . Discount Rates
Official discoutit rates nt the twelve' ,
rederiil Heservo bunks were as follows-
(The first column gives rnies tor mi
.ortrwls Itll til Rllll 1 IK'l II lli II L' 11 fift((Jll-
dnv maturity, the second for n period of
sixteen to ninety days. The third and
fourth columns give the rates for iu
eliscouuts of collateral loans seemed b
government bonds or notes).
111 111 00 10 to 00
15 days clays 1.1 dsys devs
11 10 Net
Low ni rbre
30 30 . .
40 411 . .
BUSINESS NOTES
Liverpool Cotton
r.lvei-nnol. Nov. 13. There was more
tuMiilrv for Hiint cotton toduv with
fjirlccs easier on the Imuis of u decline
f tmlnts fur lnlelelllui! at 2:1. 02(1.
The sales were 10,000 bnles. The re-
lit. ... "7IXK1 hnlos incliKlincr ROO
VPlfia i.Vir VWU .-, - -
JclfS Anicricati. tuttires opeued easy
47000
5000
11000
4000
3000
51000
10000
52V4
32
Si
02
51
3000
7000
5000
2000
1000
30000
3000
Ot
02
02
02
01
02
02
Boston
New Vork
Philadelphia . .
Richmond
Cleveland .
Atlanta
Chlcaso . .
St Louis .
Mlnneapoll3
Kansas City
Dallas .
San Tranclsco
I
4.
I
4'
')
4'I
1.
4
i'l
4 I
4i 4 '4
4, 4
4. 4;
V-V 4
;, 4
4", 44
4 4
4 3 4
5 44
4, fi5 4
4 '4
4.
"
4'
4'i
44
4
4',
4"!
4'i
50 'L'
120
11)11
5
10 M.
20
45V,
4211
25 "
77-Si
2
2
37 Vj
54
llleh
23(1 Am Stis. 30
47 Am (!as. 40
00 15 & S t
c pref.. fiOlj
f(S4 KI Stor..133
120 C Asp pf.100
200 II S. li T l
100 do pref. bVi
100 Key Tel. 10Vj
5S0 Lk S Cor 20V,
51 lteh Vol. 45"-
302 l'a It It. 42
SO 1'hil i:ieo 25
10 tltending 77
15 Ton Uel. 27'
300 Ton Mln. 2
325 I'n Tiuct 3791
S5.ri TT a 1... 51V.
1075 tl' S Stl.l04V 104
00 War I &S 80? 8
Net chanKe made bv comparison with last
sale on Sew York Mock UxchanKe.
fale in IlONI 1 1 10 Net
J10U0 HlKh Low a in ihiee
2Vj Interstate
IIwvh 4h. 30 30 30 -2
'.f.i a'iL!. 04.00 04.00 04.00.02
1 VtV4K... 00.30 00.30 00.30 .02
3 I'hila Elcc , .,
1st 5s.... 03 03ii. 03Vi V.
So completely sold up for tlie coming
season nre the production! of the lead
lug manufactured h of men's straw lints
50K.4- 1;, that in at least otic case the ftietory
j;o'" 11" called in nil the samples in older to
leiij it)" niuke sine that no further business
Huiiiu ue taKen.
5 ..
s1), Vi
10',i..
20 11 V)
45'
42 i
77 H
37 'i (,
54 Vi
104V4
o M
FINANCIAL BRIEFS
Wliilw information received jesterday
from Yokoliania wus to the effect that
raw silk jiriccs remained stationery,
advices from the innrkets in China told
of general advances for all grades. Ite-
ports fiom Canton were that pi ices hnd
advanced from fifty to seventy-five
cents and cableH from Shanghai told of
inei eases of from twenty -live to fiftv
tents. Klnshiti No. 1 was being cjuotccl
in Yokohama ut $1410 a bale.
Dr. E. K. rratt, formerly chief of
the buieait of exports of the Depait
uieiit of Commerce, and .7. H. Tregoe.
siieictiirv-tie.nsiiri.r nf the ISntiolial
Associutiou of Credit Men, will be
among the principal speakers nt the
hrst annual convention 01 tno ahhuciuivii
Uress Industries of America, to be held
in Atlantic City enrly iu December.
The average price of twenty nctive
industrials decllued 3.00 per cent jes
terdny to 107.15, while the twenty rail
roads 'declined 1 .23 per cent to 78.57.
This represents a drop of 12.47 per cent
in the industrials from the peak level
of 110.02 made on November 3, and vir
tually canceled at most all the gain
made during the period of the reckless
speculation starttd in the last week of
September.
The Hank of England minimum dis
count rate was left unchanged at 0
per cent. This dissipnted recent ru
mors of the nossibilitv nf n further
ndvance in the discount rote of 7 per
cent, to uttiact funds to the London
market.
The New Yotk Subtreasiiry gained
?ril7,000 from the banks jesterday,
making a cash net gain since Friday of
.?257,000.
Do Your Christmas Shopping Early
Liberty Bonds
Bought, Sold and Quoted
Call, Phone or Write Liberty Bond Department
1417 CHESTNUT STREET
Member
New York stock llichange Keystone, Race 2000
rtiiiacieipiuu dioik jcnance
We Always Have un llund u J.lst ut lllcli Grade llonda
Correspondence Invited
Belt, Spruce 250
CllAnTKUr.il I860
TltCSTliB
Ft
, tSpot prices wen-: American, middling
', t ABr. SOWs good middling. 25.42a;
tVnl mldilllnif. 24.72d: middlug.
fully
. 23.12d:
uidiuary
Jow middling, 21.07d: good
ll).ri2d, and prdinnry, 18..r)2d.
BAR SILVER
'. ,wb imcWitnged in Loudon
TUtr wm3(McWni
Lack S Corp of 23
000 ... OS
Lacka 8 Corp of &0
3000 .... 05V
Lehigh Valley en
1000 .... 70
U S Rubber &
S000 .... SBVi
100O .. 80V4
(J S Rubber 7
10000 . . .103
15000 . ,103
(J S Steel Cs
2000 .... 011
1000 . 08v;
6000 .. . 0814
1000 0V4
Wilson Co cv
looo . oniii
B000 . 06
1S000 .... 0(1
1000 .... i)0i,,
11:15
IIIh Low b. m.
Liberty 3.... . .$100.04 100.00 100.04
Liberty 1st 4s... 01,80 04.80 04.80
Liberty 2d 4s... 02,80 02,04 02.04
Liberty 1st 4V4. 01.80 04.80 01.80
Liberty 2d 4ffW.. 02.84 02.70 02.81
Liberty 3d 4Hs.. 04.00 04..r.0 OLM
Liberty 4th 4V4. P2.8-1 02.00 02.70
Vic Notes 394 s,. 00.38 0932 00.34
'Victory,, 4.94U.M. 09.38 .09.30 fj9.30
MONEY-LENDING RATES
PIIILADELI'IIIA Call, 0 per cent;
time, 0 per cent; commercial jiaper.
three to six months, ,rTi per cent, and
six months, 5 ami 0 per cent.
FOREIGN FINANCE COMPANY
New Yorlt. Nov. 13. Organization
nf the Foreign Kinance Corporation to
deal in foreign securities, with a cap
italization of ?10,000,000, was an
nounced toduy ...,,
Arthur M. Anderson, of J 1'. Jlor-
gnn & Co., will be president. Directors
will be J. T. Morgan. II. I'. Davison,
James S. Alexander, George F. Baker,
jr., George V. Davison, Harvey D.
Gibson, t'harles II, Sabin. Seward
1'rosser, .lames Stillman, Albert II.
Wle-fflii nnd Mr. Anderson. The or-
eanization is incorporated tinder the
laws -of New York.
Extra on Eastman Kodak Common
Rochester, N. Y., Nov. 13. The
Eastman Kodak Co. has declared the
regular quarterly dividend of 2 per
cent and an extrn of "Vi PC ceDt on
the common nnd the regular quarterly
lVi per cent preferred dividend, payable
January 7 to stock of .recoul No
vember 19.
LIVESTOCK 'QUOTATIONS
ChlfUEO, Nov 13, HOGS Eltfmatrd !
relpu. DO.OOO htd Left over. 10 111, Slow
Flrt ! Mwut SCo lower. Average cct
yeeterdav S14 83. , .,
-CATTLB Eellmntetl rercllpl. S00O ha,
SURBrEetinfeted jtcelpti, JILOOO bead,
. f, " i
LONDON STOCK MARKET j n,E C0Ils,ming interests continue a
conservative
Exchange Opened Flat, but Rallies, chemicals and drugs. J ""S,01;1, j
. . r ., j n. .... 1"' markets will bay today, w itn in
Mines Up and Down uncling of the longshoremen's stnki
course in ouyiug uue
ic
ci, line. ,,f iho lnnesboreinen s strike
stocks nf criuln druirs are going into
cnnsiiniition rapidly, but prices are not
nffected because the imiorts are not of
fered on the market, having been mainly
consigned to tlie manufacturers. Makers
ot heavy chemicals urc .unwilling to
.. ..l e 11101 nnntwiwitu nti'lntr i
made that the Uauk of Cnglnnd rate th(l .nJty determining costs while
remained unaltered at; ti per rem. inuor is so testiess. mho uuuii is nu
Indou, Nov, 13. I ollovving tlie
acute, weakness in securities nt .evv
York jesterdny, the stock exchnnge
innrkets here opeued flat today, but
later rallied when announcement wns
fter weakening the oil group im
proved. Shell Ttnnsport and Trudiug
was 10 1-10. Mines moved up and
down. Further losses occurred in
Grand Trunks nnd Argentine rails.
Tho gilt-cdgeM section was better.
French loans were flat.
DIVIDENDS DECLARED
vnncing on caustic soda, nlum nnd pot
ash salts. In tho essential oils there is
an acute shortage, und sharp price ad
Minces are announced in almost the en
tire list.
Minn rclnllera nrn CTMltljr lllsttlrlicd
over the recent heavy demand for the
eltort vamp type of footwear, -iiiey -nl
n in time n uiulilen change in style
fiom tho present style of long vamp shoe
t,i tin. c.n...iratnn,l French Vailll) Will
tauso dealers who have large sums tied
up in long-vamp shoes-for the fall and
winter business considerable losses.
Bell Telephone Changes
The Hell Telephone Co. ot Pennsyl
vania announces the following organiza
tion changes: II. L. Iladger, formerly
division superintendent of plant at
Pittsburgh, to be chief engineer of the
companies; M. H. Downing to be gen
eral superintendent of traffic; P. C.
Staples, formerly division mnnnger nt
Philadelphia, to be assistant to the
president; G, S. Iteiuoehl. formerly
division manager nt Harrisburg, to be
division manager at Philadelphia; A.
AY. Lincoln, formerly publicity man
ager, to be executive assistant; J. M.
Itepplier, formerly division manager of
Atlantic coast division, to be publicity
manager.
United State dypsum. peclnl 1 it"r cent
on common and Quarterly K per cent on
preferred, both payable December 31 to etoclt
of record December IS.
Northern Ohio Electric Corporation, cmar
terly 1H per cent on preferred, pas able
December 1 to Block of record Novimber is
T H Bymlneton Co.. Initial dividend of
214 per cent on common. payaDie January i c , " ' " "1 ,; , " W n,llpnte nclvances
to atock of record December 19, and quarter. , name of Hudson Heal, Indicate advances
ty cf 2 per cent on preferred, payable i leb- of as much ns 100 per cent since alny,
"JffliB'JSH R.ficb0TrBlj,r. JWe thti May prirw were bldfor the
ty, quarterly of li por cent. paat,le Jan- best brown nklns. IHacK and soutnern
""'"J"0.' "-?i'lsDJ?lbi!iJ?i.nm,..i ,klni ndvnnced T0 per cent compared
of 110, payable Dcfmbr 20 to atock pi rec WJJI
ord Novimber -?i can
In sharp contrast to the declining
vnli,r,u nf fiinni. furs registered at the
mictions in London, reports on the sale
of muskrat, so widely used under the
What's Coming
This Winter?
Will business slump? How
about European credit? Where
nre the best bonds?
BAB'SON'S
Barometer Letter ot November
4th Boes straight to the heart of
things, and outlines the trend of
events so clearly pointed out by
present fundamental conditions. ,
Report on Requeit
As a sample of the service being
used by 8000 of the country's
nbleat business men, aoopyof this
letter, "What's Ahead This Win
ter?" will be sent to Interested
executives gratis.
Atfc on Voter Lttttrhtad or Bulletin
sin
Baoion'i Slatiitical Orftniiation
Welleiley Jlllij, Mail,
FIDELITY TRUST COMPANY
Member Federal Reserve System
Capital $5,000,000
Surplus $16,000,000
Main Office:
325-331 Chestnut St.
43-53 S. Fourth St.
ADMINISTRATOR
Broad Street Office:
N. E. Cor.1 of
Broad and Chestnut Sts.
GUARDIAN
a
U.S. GOVERNMENT BONDS
ALL ISSUES
$50, $100, $500, $1000 DENOMINATIONS
MONTGOMERY & CO'.
NEW YORK
133 S. CTH ST.
PHILADELPHIA
CHICAGO
TELr.rnoNICSl llc-ll. Lombard 4320. Ke.vslonc, Main 2381
(joicrumeut bccurltlea Department
May, Muskrat la tt uey Anicr taraat premitatUm ot Ita yoreer Jl j
U :' '' -' ' V rJ"t4r'frr"1 -'
i s '" to "t " 'i v - ' U' Sh
L
ACTIVE LISTED STOCKS
BOUGHT anci SOLD ON COMMISSION
HARRISON & CO.
BANKERS
106 SOUTH FOURTH STREET
Member Philadelphia and New York Sqck Exchange!.
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