'yV
u
EVENING PUBLIC LEDGER PHILADELPHIA", FRIDAY, NOVEfltBER 28, 1919
W
I
1
1
I'
P
11"
1 fl '
Standard Gas
and
Electric Company
7 Convertible Sinking: Fund
Secured Notei
Convertible nt option of
holder Into either pre
ferred or common stock.
Interest payable semi-annually.
Dated Nov IE,
1919. Due Nov. 15, 1921.
Further particulars rs
trardlnjr Collateral Secur
ity and Net naming on
request.
Price 99 and Interest to
Yield 7f'o
Investment Securities
Real Ettate Truit Bide
Philadelphia
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
STOCK VALUES CRUMBLED
UNDER HE A VY LIQUIDATION
Over-Holiday Dcielopmi tits Disturbing and Gave Added
Momentum to the Selling Movement
fc
How to Invest
Your December Funds
Consult our greatly diversified
list of 96 critically selected De
cember Offerings befoic you
invest your December funds.
Many attractive issues of
bonds, short-term notes and
preferred stocks to select from
Complt'r Offryt J Mr l
on lirqUi 3t for PI ?
The National City
Company
Correspondent OfRcts In ovetSOCiliei
Philadelphia I4Z1 Chestnut St.
Atlantic City Chalfontc Block
122S Boardwalk
New Ynrl(, Nov. "J.S. Renewed
ll'iuiilntlon on an extensive M'alo caused
f' 'tlier depreciation In i.crurlty values
In todnj'H stock market. Ample reason
for tlm weakness of the inniki't anil the
incieiiiiiic momentum of tlin celling
mo einrnt was to be found In encli uml
un) of the unfnxornlile dcvclopim-uts
! ovpr thp luiluliij Paramount uniting
these were the tlendlock in the
bituminous conl situation ami the
inPiindtig aspects of tlip Mexican cou
trovprs, DicKliic a llltlp deeper, one
could n No lime found convincing iuku
mnits for thp dpnrpssion in Hip Federal
I Itcctvc Hoard hullptin Supplementing
this was ilip disturbing forplgu evclinngc
situation
'J'lip uuirkpt opened vvcnl, anil con
tiniipd unspttlpil throughout the Piitirp
forenoon I'rptful rallies interrupted
ilip clovvnvi.tnl swing of the market
pendulum at liilcrvuls. but these modest
halts wen- invariant) muccchIimI b a
fresh outhurNt of veiling more extensile
and nun p severe than thp sins ceding
selling win ps. It was geimiup Inpiidu
tion mid wns not contiupil to mi) par
tluiliir stock or group ot stocks. Some,
of iniiisp vvirc weaker than others, but
cvcrviliitig nn thp list was iifTeiled.
There was no let up in Hip coustaut
o.itpouring of stocks until aioiiml noon
mid then the geneial list was down
I nun 1 to moie than "II pomls under
AVi'dnosil.i 's closing level With this
further diUstlc depiei lalion of niaiket
Millies theie weie no signs of deniniuli
.atiun On the i ontrui) . the downward
swiug progiesspil ordcrl) until itlmtnnil
ing the aggressiveness of the so- ailed
PHPtioniii j partj, which was prompt to
take advantage or the market s Milner
abh
would have forced the same low (ring
of stmk mines, possibly not so rapidly
or upon such nu extensive scale.
It was otnlous as the day ptogiesspil
that the mill simnort I lip miiihet pn-
jojed was that wlilpli ciiiiip from thp
liliilit taking of the short interest. The
biljing power, for the time beiug at
least. Is rpilueid to limited proportions.
In the meantime, howpwr. Hip con
stant pvtpusion of Hip sluut interest is
suppljlng tin-general list with a might)
strong lnilwark against any big smash
nnil whieli Mioiir or later will furnish
the nucleus for a substantial recover)
movement. In other words, unless all
signs are misleading, the ranks of the
bear camps are rapidl) becoming as
oieierovuleil as was recently the case of
HIP UIIIIISIl lOIIOWIllg
(leneral Motors made an pxtrcme de I
eline of 111 points within (lie llrst lialf
liiim, otheis of tliat group losing ;s to
7 iicimls. .Mexican Petroleum, Hcpub
He Steel, rnlted States Itiibber. lliihl-l
win Locomotive and I'uited fruit W"ie
l to s points lower
Additions to the enily reversal cni
briupil Itetlilehem Steel. 1'iessed Stiel
Car. Atlantic (iulf, American Intern.i
tional Kiliiil Stoics, Middle StatPs Oil
ami Coppers at extreme declines uf ."
to (! points
Theie weie feelile rallies wliuh prob
I abh lepreseufed coveilng nv slioils1
content to take ciiiek piolits. 1 lie ni.li
kit was cleail) iiniler lieni iiiittiol.
however, there being little nidui einent ,
for support at this iupetiire liven i
I ntli it States Sled and investment l alls I
iclleeteil constant prcssuc. losing 1 to
: imiiii. The 7 ner cent r.ite fir c.i '
posit,,,,, nd institute repeated '"""e.- ."'"' hlrlM lnP nau""" '"""
,lrives 'glllllg lo'ier 111 HOOn.
AM, lie there was uiiouestionably a TIip speculative group, particular!)
m.ifennl pviriivinii nf ihe filieiuH PTtsi. in.w.,ti M,,t-nts. Crucible Steel and
"-''"" - " ....... . ... . -. . .,1'tll'l... ......... -. --- I
ing large short iuteiest the greater pm t , viu ions motoi specialUes, fell to lnvcr
of the mofiiiug's selling movement rep- levels liming tlie e.irl) afternoon, when
lesentpil piiip and simple liquidation nffeiings hioadeued Itnlilw in l,oioinn
Altngither tin piocedure ot the tive lalliul sliglitl) on niinouncement
niiiiket w.iswholh in lini witli the ad- of the ipsiimptioii of divulends. but
1 islinent iiinile nicpssnrv lie ,iuc of thp fnelv iP.otid again with othpr equip -tutiated
credit situation The n action ' ment-s and rails
arv movenient. of i nurse, was hastened Kails and steels weie under uiei eased,
to sninp extent 1.,, -"isop of the adveise pressure in the final hour, foicing the
uevelopiiiPtits in the io.il anil Mexican general list to the dav's lowest iilota
situntion, but techuleal condition", alouc tioii
Tax
Burdens
BUSINESS MIXED MARKET AGAIN
IN CURB MARKET SLUMPED BADLY
The citueus of all utions
arc becoming accustomed
to the heaviest taxation the
world has known.
Our Government has en
couraged the issuance of
sonic securities by permit
ting them to be free from
certain taxes. A judicious
selection of these securities
xvill provide safety with the
highest yield possible
from good investments.
For brief descriptions of se
curities of this hind send
for our Circular Letter No.
E-51.
GHANDLE3& (?(WANY
Franklin Ilank UuUiIIdc
l'hlladelphJa
New York
Unites
No Demand for Some Issues, Financial District Shrouded in
While Others Are Pressed
for Sale
a Heavy Cloud of
Gloom
HEAVY TRADE IN MOTORS DECLINES WERE EXTENSIVE
New Yoilt, N'ov. 'JS,.
street null market was
settled by the x arums developments
which oreurreil over Thanksgiving,
leaving the market without a neaiby
demand m many issues. While numer
ous stocks were pressed for sale, there
xv as exideucc of liipiidatiou in some is
sues to pioteet stock nxehange stocks.
The heaviest trading was in (Jeueral
Motors (new), moie than .",0,0(10 shares
of that issue diaugiiig Inn Is at IIS1',
to .'.(';. The new debeuture stotk was
also.xveak, dropping from 100 to !)(!.
(Jeueral Asphalt sustained the greatest
loss, ranging from 118 to 11L'1..
LNDUhTIU Xl.s, -
IllRl,
Aetna Explosives ...
Philadelphia Electric
Company
Secured Notes
Due February 1st, 1920
Price to Net 6 Per Cent
s'.
'IN
filVa
15
Biddle & Henry
104 SOUTH FIFTH STREET
Duquesne Light Co.
1st 6s 1949
FREE OF PENNA. STATE TAX
i Price to Yield 6.05
Carstairs & Co.
Members n,lladelilil.i nud
New York Mock Unhuncts
fp itiv uuinui oiruei.
n 71 Broadway, N. Y.
Amer Marconi
Amer Tobacco Sec
Ainal Tire Stores .
Amor Safety Jlizor
tirltlsh-Amer Tobacco coup "."4
I ,ir I.UIU .... H
Oeneril Xoplmlt . .lis
II ivdeii ' Jiein . 7
llupp Motors I ' i,
llncl(i Xlfir . I"
Imlliiii I'arKlnj I0
Lake rot pcdoltoat -1
I)es Int . 'It1
1.0ft Inc ... S3S
xterrer Motors . Ii
Prfrtlnn 'lire
Snows ronntatns ll1
submarine Boat . tVa
U S Steam 41
Urlted Ret Cvndy 16't
United Troflt Sharing .. . -'-a
United Plct Prod 14
X'anadlum Steel 5S i
V VIvUdou Inc 2Vi
STAXDAItl) OIL
Anslo-Amer Oil
Illinois ripe Line ...
r,hio Oil . ..
Stand Oil of rallf . .
htani) Oil of -N" V .
ST0CKH
3T 31
..17ft 174
. mix am
. .Ml -i 29 1
. l'J9 4iS
l.NIIKI'BNDBNT OILS
ici'4 ir.
I.
Robf.Glendinning&Go.
Investment Seeurittet
Special Attention Glrea
to Orders oa
PtlUburgh Stock Exchange
by direct wire connectioM
I New York
BkBibr i I'taltu. Stock ExcbaatM
ifltUburib
400 Chestnut St, Phila.
Alliance . ....
Allied OH
mill Uovalty . . .
Xrltix Oil
l.arnett Oil Gas
Iloone 01'
boion Wvomlnc
I'urlmett X'an Cleave .
rarlb Syn
( ltiir Sarvlrp 11" Ltfs.
t'oinmnnwealth ....
t osden & Co
Kile Snail! Pet
I.emernlda Oil
r fderal Oil ...
Olenrock Oil ....
(urte (jllleHpJe ....
Inter Petroleum
Island oil
!.lv inghton
.Manna
Xtaracjilbo . ...
Merrltt Oil
Xletropollnr Tet
Mexican fan
North Atner Oil ...
Orient Oil
1'innck Oil
Producer 6. Jlellncrs . . .
Hurler Oil
Jtjan Oil
Salt Crek Prod
f apulrit Jleflnlns . . . .
Seouoah Oil
Shell Transport
rkell (111
Slmnia Petroleum -Mfl.
Sponger Pttroleuin ... . 1U
Tenn t'o vv I mi
Irtnitv Oil .
V utorla oil ne . Hi
vhlte oil .... OH
Ml.NI.Mi .srt)CK!5
-'I'lie I'.io.nli sr York. N'ov. "JS. The New Voik
niutelv tin- ' Evening Sun's dosing tiunudal review i
todav s.ns:
Tlie sto.M; miiil.et again slumpril xer.v '
hndlv todav nnd uianv of the prices
recorded meant that months of bull
campaigning had been completclj un
done in the more or less persistent de- I
eline which lias been in piogiess during
the hist fortnight or so. New lows on'
the downvaid movenient were made by
a wide range of industrial and niil
load stocks winch looked extreuielj
cheap as measured by recent levels.
Xeveitlidess. the financial distrid I
was shrouded in such a heavy cloud of
gloom that it xvas predicting still fur
ther liquidation nud a toutractioa in
prices as excessive as xvas tlie inflation i
ot u mouth ago. unless some dccidcdlj
favorable news developed in the near
future.
Opening lower this morniug. tlie
market woikeii gradual!? down without
halt until e.nl.v afternoon, xvhen the
! selling eased off somewhat While
extensive, tlie downward movement was
1 oiderlj. with net lossps inuuing from
I 'J to li points on an average during
ine neignt oi tne decline. In u few
extreme cases much lurgcr losses were
scored.
Tlie immediate cause of the market's
fresh weakness xvas to be found in a
tombination of real news, rumor and
apprehension engendered by the latest
twist of the Mexican situation, the re
jeetion of the government's offer by tlie
bituminous coal miners, reports that
IJurope's financial structure is totter
ing, rumors of further action bv bank
nig authorities toward ( urbing specu
lation and the unsolved railroad pioli-lcm.
Low
s
'IS
flla
lo
Is'
ll'-i
I.',',
lb
ls
no3
in
t'
13't
r,n
2d
Last
s'i
UMi
ill M
11
isli
ni
i'i't
17
't
"'b
21
an
11'7
'!
i:,'?
2H
14
nn
23
3.".
17H
:in.
21, X
42'l
it
i. i ,
8B S7
2 2i
45 44
141? 4 4
41 12
10i ill
3 3S.
:i, 3.
12'i 32
si nt'?
7', Ti
2'S 2'.
s'. "S
27 'A 27
21J 21
ST .l'i
17 17
n'4 tVi
S s
If4 lo!
4,1
7
70
12
7I
SAIr
la
it
1
A
7',
SR
14
44
4t
to'i
vJ
5.1
7',
ft
27
211.
3H
17
.V.4
124
n
7
77
11',
1 1 1 1
04 II"!
. BS'i
33
Denver lius A Klec. It. fis, 1031,
Mainland Hteel Rs, 10'!2
llarwootl Klee, . 1080
Luterne Co. (las & Klec. Ss 1018
American (lu 7 102S
l'ort Wame & Wabash V. Trac. Is, 1031
HENRY D. BOENNlNQ & GO.
STOCK KXCHANOK IUIH.DINO
plrect l'rlrate Telnihone to Nvy York
WE OFFER
JOHN B. CRAMER
, MANUFACTURING CO.
i itoeklet on Request
78&&RKXEI, BIjILDING
V'dSl.o-nrltlsh Col
Arizona Slver
Attantx
Ills LeUffo
Boston H Mont
'ald Mln
Candelarla- M
Cons Copper M
Crenon Oold
Crescent McNamara ...
Kureka Croesus
4U Mlnms
Golden lilts llxp
Oold Conu
Gold Kewanaa
Gold Merger ... . . ..
Hecla Mlnlns
Iiu'slana Co
MacNamnra
Mkrah Mill
Mother Ijds
NIplssliK
Onondaxo
Rex Cons
llochester Mln;s
Hops Group
san ioy
silver Kln ot Arizona.
' btevvarl Mln ...........
I Success Mm , 41
Tonopah Belmont 2
; Tonopah Cash Uoy ll'.i
Tonorah Divide Mi
Tononuh-JIm 11 23
Tonopah Midway 17
Tonopah Mlipuh 7
Tonopah Ilescue Cula , , , IB
United Eastern 4..
XX'est End C 1(1
White Caps ..,.,.,, 12
XVhllo Caps Kit 2
l Terlnartou n
I BONDS
I I R T 7 .,.,....,,,,
' jjweM. 0jvt 6f .,,!,,
IN
1'
ns
38
34
2N
ift
3
a
iij
M
HI
110
18
2N
, in
, 21
ii;
(15
37
ai
t't
2'i
l'.f
3
.1
.IN
M
.17
1,0
UN
29
in
i
41
235
17
7
IR
i.
as'k
l'
1-S
ft
8
37
ill
i
12V4
3
.1
15
.'!
no
&
10
;i
Philadelphia Slocks
llleh Low
ti." Allin Ins LM 21
170 Am Strs. 41 -101.
::oo Am S&C L'S 'JS
.'50 Am Gas. r0 r.O
10 Am Mill. 0 !)
inotr, r.fw R': ri.
lfiR I'lec Str.i:!11! 1H2
100 tKrie ... lS'b lij
axi lien Asp. 11. ',; 10T
i i
;L
U
a
20
41
17
7
If)
4
lJ
n
-7l
20
Ki
i'2V.
2r.i.
r.o
12
:w
,'!;
2
lir.y,
7."1.
HI VI
-ft
Net
Closo chfrp
-M
0U, 1 1.
vi,
ro . .
It K
S'.. Vj
12 tl
VAVjVt
107 in
'2(Vh
u.t
100 I G N A :!
1010 I,k H Cor 21
110 I,eh Nav (!.''4
ll.'l" Leh Val 4i,5
20 Lit Bros. 2.1ij
200 tMidvalc. HO
.-,00 Pa It II. 42V,
10 I'lillii Co .'12
121 do cm pf :i.'i
7i:i I'liiin r:i. 2.
2707 1' It T t c 2t7K
100 tReading. 7."'i
i ."(Ml ISincInir
Oil .... UH4
:!70Ton Hel. 2iil
.'i.-.OTon Min. 2',
100 fTrans C
Oil .... 40 in 4 -
'llj uu nail of yi l .i V.
2300 U C, I... 5.1 52 52U--
,'i0 tU S S.10l7 101 101 .",
20 W NYi
Pa ..,. 11 U 11 1
Kx dividend today U. 8 Steel, !', ",
tNet change made bv comparison with last
sala on Now York Stock Kxchance,
Total sale" 1 I S3H shnres. rnninurrf ullh
nn, i Fnaii.' n ruii-iuiir. i nun jar tnis ween.
HT.oo.i snares name. ieriou last week, 02.-
032 shares.
Sales In 110SI)S M.t
L.ow Close chge.
NEW YORK STOCK EXCHANGE TRANSACTIONS
Sates
.100
' 1300
400
1000
noo
1100
1000
100
400
4010
1700
7000
4000
200
.W0
JJ0
200
2000
I GOO
.'100
200
Dlv.
In $
.. Aiiama Impress 3.1
.. Alliance Humely .... 40
0 Vlvance Kumelv Pf . . 71
0'AJa.r Ilubher 81
Alaska Gold Mines
.. Alaska Juneau O M .
. . AII's-ChalmerB
7 Allla-Chnlmcrn pf .
8 Am Agile C'lieiu. .. .
8 Am licet Sugar
8 Am Bosch Magneto.,
Amerlc.ui Can
13 Am Car & Pdy
7 Am Car & l'Mv pf . .
4 Am Cotton Oil . . . .
SO Am Druggist Syn . .
6 Am Uxpres-s
. Am Hlao .' leather.
7 Am Hldn & Loath pf.
American lea
American Ico pf
6
7300 4. so Am Internal Corn
100
4900
loo
0100
3500
2100
100
son
2101)
too
48J0
3800
200
1100
000
300
10800
800
(1(10
3.100
MOO
1300
2300
1500
300
too
01200
4000
530
OHO
3S00
20800
1300
2 COO
1200
500
4I0
100
imo
1 .10 1)
700
2100
300
2070
400
210
1000
too
0400
310
5S00
100
000
2200
200
200
2400
7500
800
100
7800
1800
600
too
1300
3S0O
100
200
50.1
5210
.100
200
2100
8700
1100
4'JO
tooo
coo
coo
7800
100
300
II I II II
1100
coo
CJ0
300
500
54 10
(,10
000
100
300
1 Am Llneeed
. 2 ',
. 214
. 42
9H4
. 01 V,
. IH
125
. MJi
134
HO
50
11'i
03 Yi
32
122
43
0'j
108
r,s
ltlfh Low
,12
.18
70'
70
Today's Net
v toss inire
l Am Locomotive 0t
(i
10
Am Mult & Drain
Am Ship & Commerce
4 Am Smelt & Hef . ..
3 Am Steel Koundrlea
7 Am Steel Kdrles pf
7 Am Sugar Itef
0 Am Sumatra Tobacco,
xm Tel & Cable . . .
8 Am Tel is Tel
7 Am Woolen ,
J Am Woolen pf
Am Wrltluif r'npcr pf,
Am Zlna Lead & Sm ,
C m Zinc L, A: Sm ul
4 Anaconda Copper . . . .
. Assets Realization ...
Asso Dry Goods
A teh Top & Santa Ke.
Moll Top S I' il ..
tlanU Ulrm & Alt
All Uulf & W 1
All Uulf & W I pf .
Auto Sahs tern ctf. . ,
Auto Salt a tem ctfa pf
Baldwin Loco
Baltimore & Oh'o
40
20
, 02 !4
40 H
02 Vi
135
00 Si
5554
,100
124H
101?,
57
17
55
58 ?4
4'b
ot
80S,
78 ?4
s',5
IBS ',
CO
10 '2
30 ?4
1074
35 14
4 lialtlmoie & Ohio pf.. 48V
8 Barrett 121
. . Bethlehem Motors . . .35
5 Bethlehem Steel B ... 02V&
. Booth Fisheries 13?4
Brltljii Rapid Transit. Ifltt
. Bkljn It T ctfs of dep llii
C Brooklyn Union Ga3 .. 508
7 Bronn Shoo 105
10 Burns Bros 120
.. Butto & Superior Cop. 21
.50 Butte Copper & Zinc. 9Vi
. Buttcrick 21 li
.. Caddo Central O & H. 2.T2
4'Cal'fornU Packing ... 754
.. California Petroleum . 14-Hj
7 California Petrol ut . 78
a Calumet & Arizona, . . 61 2
10 Canadian Pacific? ...147
7 Casu J I Thresh M pf. 00
5 Central Leather 05
7 Central Leather pf .. 110'A
4 Ccrro do Basco Cop .. SG'A
4 Certaln-tccd Prod . 51
8 Chandler Motors ....115
4 Chesapeake & Ohio .. aCJi
Chi d V. III Kq T ctfs. 7
1 Chi Gt Western pf . . 25
. . Chi Mil & St Paul ... 39
. Chi Mil & St Paul pf. SA
7 Chi & Northwestern . 80 V
8 CM & Noithvvest pf .118
. Chi Pock Isl & Pac .. ZtVi
CM P. I & Pao 6 pf. MA
7 Chi R I & Pao 7 pf. 73W
7 Chi ht P M &. U pf . . 9316
. Chilo Copper 10
3 Chlno Copper 35?i
5 Clexo Cln Chi & St L . 41
Cle Cln Chi i: St L pr. CO
6 Muett Pcibody . . . 85
Coca-Cola 39
J Colorado Fuel A: Iron. 42
Colorado & Southern . 21 !
4 Columb Gas & nice .. 0394
1 "ol Graphophono .... 65
7 Consolidated Gas ... 87
.. Consolidated Textile... 4334 I
7 Continental Can 89
.. Continental Candy ... 1214
.. Con Interstate Gal M. 17's
. Coin Products Ref... 801,
7 Corn Pioducta Itef pf.107
C Crcv Carpet 50
I". Crucible Steel 205
.. Cuba Cane Sugar ... 40
7 Cuba Cans Sugar pf , 83 '
0 Delawaru & Hudson .1019s
10 Del Lack & Western .180
. . Denver 4: Ulo Grande
.. Dtnxer is It G pf ...
Dome Mines
3 IJlls Horn Coal ....
3 LIU Horn Coal pf..
Lmerson-Brantlng. . . .
2H
40?i
Oils
saV4
120
o
130
115
I0B
It
01
30
H0'2
42
63
lO.IJi
08
0Ol2
40
27 V,
CIH
30'4
022
13t'4
87
55 ?4
092
110
1011,
55
111 14
55
CI
4'.
52 H
C4H
774
8'4
162
69
16
30 9,
10394
31
4 2 V,
118 14
32 12
00
10
I01
499.
103
120
19
9
24
Vs
1300 3.50 IZndlcott Johtlbon
100
4100
1(00
900
100
22 Ml
200
100
4000
2100
1700
2200
1600
10430
7030
2430
100
200
1000
5830
5500
500
700
30U
7G0
200
4830
2510
700
too
000
533U
27110
6700
100
1900
800
100
1400
100
1200
400
Ludlcott-Johnson pf
Lrla
. 8 ',4
.1494
. 14
. 28
. 40
. . 31
.1387,
.105
144
. . Krle 1st pf "'!
Ihle 2d pf 1C34
KulrbankH I'O
8 Famous Plaj ers-L . . 8l i
Federal Mln & Smelt 10
I' Isher Body 131 'j
. Flslc Rubber 41
Frceport Texas 375,
2 Gaston Wm & WlR .. 19 Ms
U Gcnerdl Cigar 7H',
8 General L'lectrio ....171
12 General Motors 345
6 Gen Motors dob .... 04
4
7
Goodrich B F SO!,
Goodrich B P pf 104 H
Granby Consol M & S. 53
Gray & Davis SOU
Gt Northern Ore Ctfs. 39 V
Great Northern pf ... 81 !
Greene Cananea Cop . 35
Gulf Mates Steel .... Cl'i
llartman Corp 00",
Ilasltcll & BaiUer Car. 57Ks
Illinois Central 00
Inspiration Con Cop , 51 y2
Interboro Con 394
Inter Con pf 12H
Int Agricul pf 82?,
Int Harvester 130
Int Mer Marina 5u'4
lilt Mer Marino pf ...1031,4
International Nickel .. 23!,
Ilntcr Nickel pf 02!4
International Paper . . 08
Iron Products 4194
Jones Bros Tea . . . .29
Kansas City Southern 10 94
Kan City Southern pf 10
Kelly-Sprlnefleld Tiro 133
Kellj -Spline T 8 pf 103
22 34
7434
4l'i
77
58 !2
140H
00
02!',
los
f3'4
5t
112
f4'4
7
2)
353,
522
85
118
239,
30 9 i
71
05 4
183,
3314
44
65
84
37fc
fO
2U4
11
12
83
32 Va
87 !4
12 !4
164
70 Vz
107
50
10314
tt
82'2
1009,
171
714
13!4
1394
27 !4
40
30
130
105
13
20
111
M,
87
10
131"-
37H
35
1SK2
68
ItiSJi
832
79 !i
78 !4
104 H
51
40!4
38 9.
70
S494
3
00
55
80
15
3!4
121.
83
127 !4
U!4
101 !'B
53
02 V2
tH
40
29
13
4(1
las a
10394
32
38 -701,-80
-
2'
214
0U4-
89 V4 -
120 -
19J4-
13IV4-
115 -
404-1H4-91
-
30 -
12094-
42 -
64!4-10C4-
C8 -
0194
10 -27!4-2'4-
39 !4
02 !4
134 y2 -80
!4-
5594
99(A-
119 -
10U4
55 -
1614
55 5512-VA-52H-84H-7734-HA-
164 -
69 -10
-
3094
101 Vt 5,
3114- V
42 A- 6!4
118'- -394
32!4- lYi
91 -
12!i-
16
I0!4-
50',
10 -120
-
19 -
H4
3's
194
5
'it
1W
94
1Kb
34
5
394
4
1
H
H
2!4
294
i'i
3
VA
3M
VA
VA
I
2?'s
1
1!4
VA
VA
94
0J4
'A
29.
94
2!4
1
9a
23,
2'4
VA
c
I
l'4
194
3
VA
T)lv.
&ales In
200 . . Keller Wheel R,
4900 2 Kennecott Copper .... 29)4
6100 1.20 Keystone Tire & Rub. 49
4700 6 Lackawanna Steel ... 85
1800 .. Lee Rubber & Tiro .. 33J'
2000 3.50 Lehigh Valley 43
400 13 Lorlllard P Tobacco.. 473
7 Lorlllard Tob pf lll'A
.. Loosc-Wlles Biscuit . 72J4
Mnckny Cos 73
C Mackay Cos pf 114
7 Manhattan Kiev guar, i'i'A
200
100
100
300
1000
600
1800
600
2100
200
12100
2000
Martin Pnrry
. . Ma-xvv ell Motor
. Max Motoin ctfs. . ...
Maxwell Mot 1st pf
7 May Dcpt Storoa
10 Mexican Petroleum . ,
2 Miami Conner
6300 1.20 Mlddlft Slates Corn . . .
11200 4 Mldxalo Steel & Ord.
100 7 Minn St PfiSStM.,
100 7 M St P & S St M pf.
4600 .. Missouri Kan & Tex.,
'00 . Mo ixan ! Tec pt . .
10600 .. Missouri Pacitlo
1800 . Missouri Pacific pf .,
looo 3 Montana Power
200 SfMulllns Body
000 3 National Acme
100 . Nnsli Chat & St L. . .
1100 .. Nat Aniline & Chem.
300 .. Nat Conduit & Cablo.
300 6 Nat Knam & Stamp.
1200 6 National Lead
3000 1.50 Nevada Con Copper ,
914-214-
2294-7494-4t!4-77
-3814-140H-00
0214
108 -
63 Vk-
51 -112
-
5 -
12
14
14
4
VA
li
V
VA
94
VA
1
3
414
312
VA
394
3
6
174
VA
1000
1200
6100
100
100 '
12700
1700
300
1400
200
100
5100
800
CI00
8200
2000
1200
100
New Or Tex & Mex
17
40
, 38 !t
68
no 14
102
23
67
6094
80
OS
It
10
2014
43
66
44
30 !4
112
63
13 'A
77
8t2
15
WA
Now York Air Brake. 11
36
3',
594
3!4
529s-
85 -
118 - 3
2394- Vj
5094- 3
71 - 3
05!4-189,-334
-14
-(.3
84 -37J2-tt
-2l!4-U!4-13',-83J',
-3.U-87!4-12!2
1694 -
7894-
t07 -
50 -
105!4
New York Central ... 70
50 New York Dock 45 !4
50 New York Dock pf . . 59
. New York N H & II.. 2994
1 New York Ont & W . . 1!4
Norfolk & Southern..., 13
7Norfolk & Western.... 08!4
Norfolk & Western pf. 07
North American 35
Northern Pacific 85
Noxa Scotia S C 73 J4
Ohio Cities Gas 4094
Oklahoma Pro & Ret. 994
Otis Steel 3014
Owens Bottllnc Mach. 68
Owens Boltlo pf 100 'A
100 3.50 Paclflo Development . 7
100 o Pacitlo Gas & Cleo ... Ol'A
12300 C Pan-Amer Petrol & T.103H
13100 .. Pan-Amer Pet rts . . . H
1100 . Parish & Bingham. .. 4594
4000 3 I'ennsylxania 4214
1600 .. Penn Seaboard Steel . 36
400 . . Peoples Gas Chicago . 35U
100 .. Peoila& Kastern .... 1
2900 . Pero Marquette 23
100 5 Pero Mara prior pf .. 61
000 3 Philadelphia Co '
54300 . . Plerce-Arrow Motor . 7014
3500 . . Plerco OH 1
300 8 Plerco OH pf 103!i
2000 6 Pittsburgh Coal of Pa. 61
2700 . Pittsburgh & W Va... 2894
700 1 Pond Creek Coal 'iVA
4800 8 Pressed Steel Car ... 98
5700 8 Pullman H
1100 5 Punta Alegro Sugar .. 83!4
800 8 Railway Steel Spring. 9
2500 2 Ray Consol Cop 2014
10000 6 Itepub Iron Ss Steel ..10494
15090 Reading 70!'4
500 3 Reading 2d pf : 30J4
800 .. Remlngrton Typewrit . 8'
000 Repub Motor Truck
22400 8.70 Royal Dutch N Y
44 V,
8214-lOOH-175
-
7!4-
!3'4-
1394-27!',-40
-30
-
130
105 -
13'4-
:o -i
-
80 -87
-10
III 4
37 K
35 -
18 !4-
68 -101
1. 13 U -22 9
4
s
14
1
VA
2 '4
114
V2
VA
.'A
394
114
214
94
3!',
14
9",
1!4
- 17a
l'4
VA
0
1
134
'A
U'a
"A
1094
'A
VA
3
I
I
4
114
4!4
3
V,
414
14
001,
78 !4
104?, 61 -40!4-38H-70
'4 -
:i?4-
63 -
90
55 -
10 -
45 -
394 .
12?, (-
82 -
127!4-
4094-
10114-
23!',
0214 00 -40
-29
-13
-
46 -139
-10VA
-
VA
14
4
VA
19a
3
14
014
I
314
594
314
114
'A
VA
3
I
4
100
6400
2100
300
200
200
400
100
54270
5500
22:1c 0
6800
COO
1033
23300
14500
600
2G00
200
3600
0400
2100
9300
200
2600
100
20300
900
500
200
4400
11700
600
200
530
1500
200
200
258 JO
1200
100
1,700
6790
300
25100
100
1600
6
St Joseph Lead
St L San Fran
Saxon Motor .
Saxon Motor rts 1
Sax ago Arms 80
Seaboard Air Lino pf. 16
5514
100
13 A
169.
14 94
Sears-Roebuck 21794
Shattuck Ariz 12
Sinclair Consol Oil ... 47 J,
Sloss Shell S & I .... 70
6 Southern Paclilo .... 9494
6 Southern Railway .... 2314
.. Southern Ry pt 0094
10 Standard Milling rts . 8
J'Studebakcr 10954
4 Studcbakcr rts 3
6 Stutz Motor Ill
1 Stromberir Carb 7014
3 Superior Steel 42
.. Tenn Cop & Chem .. Ill',
10TexasCo 290
. . Tt'Mis Co rts 0414
.. Texas & Paclflo H14
.. Third Avenue 13
Tobacco Products .... 83
7 Tobacco Products pf . 9814
.. Transcontinental Oil . 17!4
5 Transue & Wins Steel. 01 !4
1 Twin City R T 30
6 Union Bag & Paper . 93
.. Union Oil 3794
10 Union Paclflo 12594
4 Union Paclflc pf 6714
4 United Alloy Steel .. 5014
7 United Drug 140
10 United Fruit 197
.. United lty Invest ... J4
.. United Ry Invest pf.. 17
.. United Retail Stores . 9094
. . U S C I P & Fdry . . . 32
6 U S C I P & Fdry pf 5014
2 U S Food Prod 7314
8 U S Ind Alcohol 10294
..US Rcaltv & Imp ... 4014
8 U S Rubber 12014
8 U S Rubber lBt pf . . .114
0 U S Smelting R & M, 70
Hluh Low
80
2814
4394
8114
S3!4
40'A
17014
110
7214
73
64
3994
2094
30 !4
3 !4
6594
118
188
21J4
54
4894
80
95
0J4
UK,
2314
1094
5
4314
3554
112
61)4
13
7594
78',
IVA
4
1194
69 H
4514
59
20
1614
13
96
67
65
80
co 94
794
094
3514
5014
lOOU
75
6114
09'4
44
43
3394
35
14
2134
64
31's
7214
18 !4
103
59',
2C!4
21
07
110
81
01
1094
10094
74
36
80
54
07
l3'4
1414
1394
1
70
16
215'4
13
4314
(19 94
93!4
200 3.50 U S Smelt It & M pf. 48
800 5 U S Steel 1039.
7 U S Steel pf 11
6 Utah Copper 7!4
.. Utah Sec 1014
4 Va-Carollna Chem ... OSJfc
0 Va Iron Coal & Coke, C994
. . Wabash 8
Wnbasu pr A 25
. . Wabash pf B 1714
7 Westlnghouso A Br ..117
4 Westlnshouso 13 & M. 5314
J14 1
106800
1300
7500
900
1200
200
I LOO
1100
200
300
CC00
1001)
300
100
1000
3300
100
8600
300
11800
100
600
3900
100
100
SO"
Ex dividend
Western Maryland
Western Paclflc ....
Western Paclflo pf .
AVcstcrn Union Tel
Wheeling & L Erie
Wbeol & L Kilo pf
AVhlte Motor
Wilson & Co
Willys-Overland ...
Willys-Overland pt
Woolwortli F W
Worthlngtoii Pump
7 Worth Pump pf A . .
0 Worth Pump pf B..
wells Fargo ISxp ..
8
1194
. 2394
. . 65
,. SO
,. 13!4
,. '.'0
. 7794
. 7094
. S094
. 0014
.125
. 81J4
. 95
. 7l
.57'
59'fi
7
107
106!'.
7214
40 14
1014
274
61
39
13
79
98 !t
4514
CI
35
92
36
123
67
50
130 ',
10114
IVA
80 !4
20
6ul'4
72
1U0
40
11614
114
7314
48
101J4
11214
094
1014
62
67
8
2114
17 !4
11594
fi34
II
23
55
87 V
1194
20
3)4
75
20 4
0014
133
70 !'4
95
in
56J4
Today's Net
Close Chge.
85-5
28!',- lit
4C - 294
8U4-
3214- 114
4014- 3J4
17014- 94
110 - 6
7354- 114
73
61
10 - 2
2694- 14
37 - 's
3614- 454
65 ?4- 24
118 - 2
189 - 794
22 - l'4
5514- 214
6014- 14
80 - 1.
95 - 'A
9J4- 194
114- 174
23 - 314
40 !4- 3',
54-4
1314- 14
3594 - 94
112 - V
OVA- 3J4
12 - 'A
7394- 494
7814- 6!4
1394- 114
44 - 114
115 - 3
69 94- 2 It
45 V2- Vi
59 - 194
28 - 2
18 - ,14
11 - '
90 - 214
67 - 9i
35 1- 1
tO - 3!4
7014- 2!4
4794- 2
994- A
36 - 14
5014 -394
10014- 94
75
0114- 94
100
9a-
4 -
42 -
1.394-
35 -
It -
23
64
3114
72 -
18!4
103 -5914-2674-
21
97
113 -
8414
0 -
1074 -
10114-
7494-
80 - 494
5514- 94
08 - 394
13'4- ?4
1474- Hi
14',-
1
70 -
tc
215 U -13
-
4094
C9 94 -82
94-
314
V,
1?4
14
3 14
3
14
314
8!4
'A
l
VA
174
94
-t
394
3
94
54
14
214
294
394
194
H4
194
1
94
69 ft
8 -
10794- 8!i
214- 114
100!',- 894
7 - 394
1014- 594
10!4 - 74
2754-17 94
61-3
40 14- 37',
13
70 -OSJa-45!4-il
-35
-93
-30
-123
'A
07 -50
-
138
4 74
94
lit
14
4!4
3
1
294
14
14
3V4
LOWER PRICES RECORDED
FOR MOST LOCAL STOCKS
Moderate Selling Disclosed a Very Limited Demand Marltct
for Specialties Again Found Thin
I.ovver prices xxcro recorded In most
all of the local stocks. Outside of the
lilgh -priced specialties the recessions
urrp again rrlntivcly nmnll. With
stock a new melting in tlie big market
m " '.'ilke of iec ,lmIcr n '"' '. nud
1MII1 nil surrounding outside influences
of 11 most disturbing character, it xvas
neither unDatural nor illogical (hut
ovver quotations should be suffered In
the honip market.
Considering nil things, it xvns morp
surprising that the average price of
the local shares xvas held up so xvrll.
H hat concessions were madp resulted
more because of the restricted demand
and narrowness of the market rather
than because of any great volume of
selling. There wns liquidation in 11
number of the local stocks, but this
xvas small and represented to a large
extent the outcome of marginal ad
justments. As might be expected under the cir
cumstances the market for the sppcial
tics xvas again found extremely thin. It
xv as only In thc.se issues the decline
reached serious proportions. General
Asphalt common on 11 small transaction
xvas depressed $1(3 to 107. Electric
Storage wns carried down to l,'!,", or
S-LCiO below Wednesday' final figures.
American Ship and Commerce lost
M.-N), but this xx as from 11 sale made
11 number of dajs ago.
Liquidation reappeared in United fias
ImpEovoment which jlelded to r2, n loss
of SI. It was also in evidence in Phila
delphia Kapid Tiansit and Philadelphia
Uectnc, depressing the quotation to
2,i and 24 lespectlvelv.
Lake Superior Corpoinlioii was of
fered down from 21 to 20. American
htoies, because of the narrowness of the
market, declined 51. f!0 to 401'. Kev
stonc Telephone preferred xvas off .$2
fiom the previous bale at -in.
I'nlon Traction fell to the low point
C thp j ear at .'IT. l'hiladelphia Com
pany was flO cents lower at .'12.
The only gains were established bv
inactive stocks. Alliance Insurance nil"
vuncing nenrly .$1 to 21 und Western
New York am! Pennsylvania SI lo 11.
The outstanding news developnipnt
wns furnished in the niinouiHcmput of
tltu resumption of dividends on llald
x in Locomotive Works common stock.
While there had been a great deal of
1111 enrlv distribution to tlie junior
fdiareholders, it xvas not believed in bet
ter Informed quarters any action would
be taken by the directors until next
year,
Tlie ."Mi per cent dividend announce
ment today, thcrrforp, cnnic in the na
ture of a big Surprise. This is Uip
first distribution received by the com
mon stockholders since 1015. For threp
.xenis the common received 12 per cent
but the year following the outbreak of
the xvnr dividends xxcre suspended on
the common stock.
The 7 ner rent dividend on the pre
ferred xvas sustained. As the dlstri-ial
bution of ,'lMi per rnt was announced
ns "a dividend," It leaves the question
of further distribution in doubt. Since
the market for the stock Is largely held
in New York the incident xvas xxithout
influence upon the local shares.
FOREIGN EXCHANGE
Now York, Nov. 28. The foreign
exchange market opened xveak. Francs,
and marks started lower and, accord
ing to some operators, varied several
points from the figures expected.
Quotations were: Demand stprling
1.0274, cables l-OIt'j! franc cables
0.7.1. checks 0."."; lire cables 12.10,
checks 12 12; Swiss cables J5.47, checks
ri.40; guilder cables " , checks H" j
pesetas cables l'.l.Tfi, cheeks 10.00;
Stockholm cables 22.7.", checks 22.00;
Christiania cables 21. SO; checks 21.0.1;
Copenhagen cables 20.4i1, checks 20.!10;
Belgian cables 0.,"f, checks 0..'17; marks
2.2S ; ruble currenc.x :i.7.1 for FiOOs and
4.50 for 100s. Mark currency quoted,
nominnllj, 51.50.
In the early aftetnoou prices xxere
lower nt 4.02 for demand sterling und
4,02-1't for cables. Tranc cables were
quoted 0.7.1 and checks 0.77 Lire
were lieax.v nt 12.12 for tables and 12.14
for checks. Marks improved to 5!,!!51.
Vienna kronen were quoted nt .70.
19114- 8!4
94
14
514
114
8!4
17 14 -87'4-'-1!4-50',
72 -
101 -40
-
117
114 -
7314-
48
102 -11214-
7114- 3!4i
1014- 14
62 -07
-
8
24J4-
1714-
117
6294-
11 -
194
174
4
1
214
194
14
"l4
174
55 -87K
C3J4
75 -2994-9014-123
-79
!4
05 -70
-67
114
1
194
14
14
1
i
3
194
114
3
094
1
1
94
42 1,4 .y,
2.1111
.10 1
42 V.
,TJ 1,
5!.'l . . "
24.75 V,
211 s
7.1 Vi 1 ',
4111421.
2 ,H
271..
FURTHER SHARP GAINS
ARE SCORED IN CORN
Quotations Resume Advance Into
New High Ground After
Temporary Check
84
08
04 .
844.
1
HOOD High
2'A Am Gas &.
Klec (is.. SI 851
1 City 4s '05 08 08
1-10 El & Peo
Tr 4s ... 01 04
1 Midvale 5s. 84ii 84Vi
5 Lib Honda
' 4th 4V4s. 91,74 01.74 01.74 .00
10 Pn Co cons
4M(K 02 02
ll'j Phila Wee
1st Cs ... 0.1V- 011,6
ll'U &W4s 07 0T
Bonds. J32.100. compared with MSl.ftOO
02 ..
01 ..
07-75
CHAIN BELT XVEATHUJl CONDITIONS
Chlcaro, Nov. 28 Illinois and Mis
souri luln or snow tonight and Satur
day, warnisr tonight north. Wisconsin
Minnesota, Iowa, Nebraska and Kansas
Probably snow tonight and Saturday
North Dk-U Fair st. probably un
sttl4 east tonight and Saturday, yarmsr
South Dxkota and Wyoming; Unsettled
tonight and Saturday, probablv snow east,
slightly wanner Jlontana Fair tonight
and Saturday, not so mid
Chicago, Nov. 28. Under persistent
buving by commission houses and cov
ering bv slinris me corn nmraci, rii.ivii
sharp gains today. Offerings continued
light until values reucuru hii-svt
prices nnd then they increased only
momentarily, quotations resuming their
advance into new high ground after a
temporary cnecK.
A bullish Interpretation xvas placed
upon tbo Mexican situation, und tbe
xveathe r'and tlie soft coal deadlock xvere
against the movement. Wintry con
ditions nrevulled. increasing feeding
Lon farms, xvith hogs strong.
Tenders irom the country xvere ngni
nnd stocks at terminal point showed
no increase. Khorts in December dis
played more anxiety. The cash artl-
States for the week were only 1100
bushels.
Miiprnents of corn from Argentina for
the week xvere 2,007,000 bushels. Tho
visible supply there is 4,400,000 bushels.
Oats also were stronger ou buying by
bulls and covering by shorts. Offerings
weie smull. Seaboard concerns xvere
among the purchasers. What little of
the grain is beiue tendered from the
countrj Is for forward shipment, oxvlng
to the soft coal tie-up, The Mexican
situation xvas commented upon bullishly
in tho pit.
Heaviness of foreign exchange con
tinued to act against fresh export busi
ness. Exports of oats from Argentina for
the xveek were 018,000 bushels,
T.cadlni; futures rnnseJ us follow 3;
Ccrn 'new de!lvery XVed'day's
Oner. Hlnh liw Clr.se close
Per
Jan
5Ia
Oats
May 70a- 77 70
Pork
Jan . . 34 70 34.70 84.H0
May
Jjird
Jin . . 23 7.1
May . . 23.35
Itlbs
Jan . .. 18.SX
May . . 18 40
f,KKl.
1 'UK 1 .itv; 1 :u'i i.anu 1 si
1 HOH 1 3V 1.31S 1.38 1 29'4
1 20h 1 a.'v, l.su'i 1.3JH . .
73;
70S1
7t'4
77
73
74 !4
7794
734
7ST4
2 OS.
23.43
.11.50 31.80
82.40 tB2.4B
Bid.
18.8
J8.47
23.7.1
23,83
18.73
18, W
23 87
23,42
'24.10
23.72
18.75 tlS.TT
18.35 M8.83
GOVERNMENT 30ND8
11 Id Asked
Panama iou., 2s, H86 0014 ,.
Panama reg-,, 2s. !SS 0fl ,,
Psnama con., 2s. 1V3H vi'n
Panama reg, 2s, 11138 0014
Panama cou,, a. liuu... 55
Panama, reg , Ss 1061,,,,...., 88
MONEY-LENDING RATES
NEW YORK Money on call, both
mixed collateral and all industrial' col
lateral, opened today at 7 per cent for
lending and renewing.
A substantial demand for time money,
with but little funds available, is re
ported, On industrials 7Vfc per cent is
bid for sixty und ninety dajs uud
7 per cent is bid for tho same period
on good mixed.
Prime mercantile paper moved slowlv
in this city and tho minimum discount
figure iu tho Interior, where there is a
fair inquiry, is &V per cent.
Prime bank acceptances are quiet at
unchanged rates and call loans on this
class of business stand at 4-74 per cent.
PHILADELPHIA Call, B per cent;
time, 0 per cent; commercial paper,
three to six months, fi'74 per cent, and
six months, (vTiCTO per cent.
LONDON Money is quoted nt 4 per
cent. Discount rates, short and three
months bills, O'JiQOli per cent.
' DIVIDENDS DECLARED
Sastern Shore Oas Ic Clectrla Co., a divi
dend ot IK per rent on Dreferred. payable
December 1 to stock of record November 24.
Imperial Oil of Canada, a dividend of
seventy-livs cents, payable December 1 to
stoclt of.recird November 23.
South Penn Oil Co., quarterly of (5,
payable December 81 to stock of record De-
HtMndard Gas and Electflo Co , quarterly
2 per cent preferred,, paynble December IS
to stock of record November So
Pratt Food Co , quarterly of .1 per cent.
payable uecemoer
WE OFFER FOR INVESTMENT
THE ROSE BROTHERS COMPANY
7 CUMULATIVE PREFERRED STOCK
(Preferred as to Assets and Dividends.)
Pennsylvania State Tax Refunded
Dividends are exempted from the normal Federal Income Tax.
CAPITALIZATION
7 Cumulative Preferred Stock Authorized Outstanding
(Par $100) $350,000 $350,000
Common Stock (No Par Value) 15,000 (hares 15,000 shares
LANCASTER TRUST COMPANY, LANCASTER, PA
Registrar and Transfer Agent.
The Company has no bond or mortgage indebtedness and its
Preferred Stock is Preferred as to assets and dividends.
The partnership of Rosc Brothers & Company has been in
the business of manufacturing umbrellas for 34 years in Lan
caster, Pa., and is one of the two largest companies in the United
States engaged in the manufacture of umbrellas, xvhich ani
nationally advertibed and sold under tlie trade names of INDIA
and SIMPLEX.
Among the leading customers of this company are Marshall
Field & Company, Chicago, B, Altman & Company, New York;
John Wanamakor, Philadelphia; Frederick Loeser & Co., Brook
lyn; Sears, Roebuck & Company and Montgomery Ward & Com
pany, Chicago. The company has on it3 books about 10,000
customers.
The Company was incorporated as of July 1st, 1919, and tho
public is now given an opportunity to become stockholders in
this old-established business due to increasing demands and nec
essary expansion.
Net earnings for the current year fiom July 1st, 1919, to
June 30th, 1920, xvill bo more than four times the dividend ic
quirements on the entire Preferred Stock issue.
We particularly recommend the Preferred Stock as a con
servative investment at $100 a share and accrued dividends, yield
ing 7.
The right to subscribe to one share of Common Stock at
$30.00 a share goes with each share of Preferred. As the Common
Stock is now earning better than 5, these rights arc valuable.
Write for descriptive circular, giving full information.
We are prepared to take your order on a partial payment plan
if desired.
BEEKS SADDLEMIRE
Investment Securities
74 Broadway NEW YORK
Short Talks to Investors IV.
Foresight
FIVE years ago Great Northern stock
and Texas Company stock were both
selling at similar prices. The holder of
Great Northern, who then had the fore
sight to exchange his investment for
Texas Company stock, can indeed con
gratulate himself today.
GREAT Northern has since sold below
90; Texas Company has sold far above
300. But this is only a part of the story.
While Great Northern has continuously
Daid its 7fo dividend, Texas Company
las paid 10 regularly, and in addition,
las given valuable "rights" to its
stockholders twice since 1914.
THE Service we offer gives the investor
every opportunity to cope with chang
ing conditions by making investment
changes in this way. Many of our sub
scribers followed our advice in the
above instance, to their good advantage.
JVIoody's Investors Service
JOHN MOODY, Trailttt
35 Nassau Street New York City
,
01
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nonas, isz.ioo. compered wun mzi.iotoi li.n, tmu, rnuippine, s iu-h ,.,
Wednesday. JJius far this week, 1316.700, JCle XVM nrmer. -reus Philippine i: 188S ....... v.. J
Ssmo wtlod last weelf U'W.IM, fe xpotU Ot Corn from the United Philippine, is, 18 .t f)M
si
8?
Lackawanna Bteel. quarterly of H4 per
mt, payable December 81 to stock ot record
December . .....
American Railways Co., semiannual of 1H
per cent on common, payable, December 1ft
la stock ' im4 Dsceafrir' M.
Do Your Christmas Shopping Early
Liberty Bonds
Bought, Sold and Quoted
Call, Phone or Write Liberty Bond Department
West & Co.
1417 CHESTNUT STREET
Members
Bell, Spruce 250 Nexr Vork BUck Kichanie Keystone, Race 2000
riilladelphlu Stock Uxchunse
We Always Have on Hand a. 1,1st ot ltlfh Gra4 llonds
. Correspondence Invltod
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