'1 ri "
I
sn t ,"-
.'33
1 'tfl
53
5
EVENING PUBLIC LEDGER-PHILADELPHIA, MOttDAYs DECEMBER 8, 1019
S "( r v
'- Mt
hi
4 Jn
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
t
nil
5
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ff it
It
-
r
If
r
1
7t
s
IT
1
XS7E Take Pleaeure in
Announcing That
CLAUDE F. LEAMAN
of Our Organization, Has
Been Elected a Member of
the Philadelphia Stock Ex
change.
Invettment Bankeri
itemben I'htla htotk l.xiliunuc
Keel Estate Trust Bids.
Philadelphia
INTEREST CONCENTRATED
WHOLL Y IN INDUSTRIALS
NEW YORK STOCK EXCHANGE TRANSACTIONS
... ' r
IJIV
fa hi 1
I Sat
130ft
100
Changes in Caul Situation and Mexican Imbroglio Served to q boo
Make Sentiment Mora Cheerful
piHIllll!IIIIU'llliliil!Ulli!ll!IIIIIIDI1!UIIIiB,ll'liii:,!ll3 B Mil! IK'
r.staull.lird ISG1 ft
bioren & go. 1
BANKERS
itemters of Srw 1 or;, and t'Mladtl
Ma block L'ic.iuiiih
ANNOUNCE
THEIR REMOVAL TO
NEW OFFICES
AT
40 CHESTNUT ST.
.e,.' ork. Dec. I.Jutcrosl lu to
days stoct market centred vrr.v large
IJ In llni ImliiMrlul shares. Thnt li
to saj utiiiul tln mil) Important cliungis
o note, urrr n HlMorod In Uils division,
vvhllo el.ovhcrc llitctiiutloiis were slug
SM' mid w iltmut feature of interest.
ul' street begun the new week In a
imii'li more cheerful state of iiilml. I'a
titrable i liuiigcs in the coal silnatlun,
with I ln promise of urn Hint nivrutioii
It tlip mlui-s bcfoio the mil of Ihe
Week. itli the ii.ii tint f'piiil'ii mi of
1 the Mi'l-uil Imbroglio, ct.ntrlblltcd to
lift Millie III till- I'loillU 111 till' MKHMll.l-
I live skies Supplnmi'iitiiry I'liiild bo In
cluded the pii.llillitt nl Supreme
Court decisions today on mutters in
:tU 'ililcli then is nriili' puMic interest.
i named. I ho vwilliiiic piiiliililllon unit
the
verdict on Mock
'4
long-looked -fn
dividend".
About the ontj udvcro iJcM-lnpnifiil
w.i" the fnrtlnr weakness In foiclgn
cvcliuugc, but this. In a iiiciiure. was
counterbiilmicid b. icliilivo 0.10 of
mnuey. Cull loans wore renewed and
new nioiiej win, lo.ined ut t! pel lent
Altogether, hnvviter. I'.ie tniikct'i
guirrnl eliurnclci tiudcrvvi'iit nun
I pnrutivelv little i liiingc II w.ts in .i
sense ftrietl) n trader's market Some
inerei'wp was ippo-ted in the loiiinu
Hon hoiic imiiiin, but the bulk of I In
operation), originated and were enulin.il
viihlii the four nulls of the Modi c -eliunge
A. tlif wider udvuiHos dillllig
i tin morning tvei" seined In the so
railed specialties, or in tlinxe piirtliuliu
stocks v lileli are known lo lie i'Iom'U
In Id In pool, and eliipies. It wax to be national I'nper. Writing I'uper prefer
I'le-umeii slmit 1 1 serine ttuuMied most nil and Anieii nn Internntionni Cor
to foree the reduetloii of the outMuml
lug lmrt linen. The eiireltv of Mippl).
liowrxri, iiermltted the bidding up'ulieii
rffort wiih made to I'livor.
At liie opening mid direetl) after
Interest win, eoneentrated 111 the liidun
trial ounrter Kood nlinren doniluiited
the llt for h lime, migars extending I
Inst week's gains b) t to Ti polute. )
tills, motor and shipping also regis-
teied further iniiroeineul Mllli steels,
tettlleo. tobneeos und inlseellau'ouv
sneeialtii". ineludlng Associated Pr
(?oods and Heiuiiigton Typeuiltei
lpiiiinenls ere in dimanil later.
Aiuerirnu Car rising ." points, villi
coneiirient gains of 1 to " for Aiuerl
enn Loeoumtiie ll'ildwln I,oeoinotle.
New oil Air lirake und l'ltllinnii
Hulls nloue displaid lenetlonnry ten
deludes. stumMrd shares, ineludlng
transrontlnentals. losing 1 to 'J points.
Toward midday there was u deeided
slaekenlng in the trading all through
the list, which was e.isili nttribiited to
fie disposition to await the Supreme
t onit ilreisioin.
llrnines of motor shares at niid
ilii) Man balanced 1 a demand for
motor speeinlties, nolabh the rubber
gioup. Sleels also re.ieted. but Indus
tiuil Aleoliol iidxaueed A pointH on news
that the Supreme Court hud rendeied
no decision In the prohibition case.
Ti ailing was at low ebb in tin linn)
limn . the null features of flint dull
in'ilotl being a In n-r spin t in Intir
inn
700
ISO!)
IB loo
eoerlng opeiatlonn were rather of altU140
desultoi) nature, ns there ns nothliigiB 100
7.1(1(1
(100
l?o
'iOO
won
1000
f:oo
500
J00
1500
too
100
tilth
Advance Ituinely . &t
Ads alien Humely if . 71
AJax Iliibber 8BH
Alasku tlold Mines .. li',
Alaskii Juneau O M . a4
Allls-Clialiiiers 4J-
AIIIClialiners pt ... OS
Am Arlu Chem 95J,
Am AkHo Chem pf . . nojj
Am licet hugur 97
Am Bosdi .ilnisntto. . .lit
Amer can Can mit,
American Can pf . . . . t02(i
Am Car A lrt'y HIM
Am t-olton' Oil . . . Jin
Am Druggist Svn ... 1?
Am l.xpress 05
Am Hide, R. Leather.. 39
7 Am llhlo A. t.eath pf .12H4
JB
CD t.so
nf the bin IJjone of til.
..irk.
Tlie piiratloii
Trlephonf fiio)ibtr3 rrmam
the xamt.
ranumiii uuiiiiUKraiii nuiii iriurniuu!!'!! i, vmww
" ' '
Phila. Suburban Gas
& Electric Co.
1st and Ref. os, 1960
Free of Penna. State Tax
Price lo Yield 5.75
Carstairs & Go.
Member riillndelnlilii .nil
New lork Mock Exrlinneei
1419 Walnut Street
71 Broadway, N. Y.
TRYING DAY FOR
THE BEAR CROW
I ISSUES AGAIN
LEADERS fl GURBi
Promise of Speedy Adjustment
of Coal Strike Difficulties
Led to Free Covering
PUBLIC DOING LITTLE
Most of Group Make Substan
tial Gains Asphalt Has
Wide Range
TOBACCO STOCKS STRONG
-The New- York
financial reiev
V.Vivaudou,.:.
Times Building, New York
N'oember (1 1D1U.
DIVIDEND No. 1
The Board of Directors of this
Company has declared a quar
terly dividend of fifty cents
(50c) per share on the Com
mon Stock, payable January 2,
1920, to stockholders of record
December IS, 1919.
S. M SCHATZKIN, Treasurer
Stockholder! tre requested to ttni
tbeir stock certificate! for transfer
(0 Guaranty Trust Company, 140
Broadway, New York City, the Trans
fer Agent of the Company, before De
cember 13, 1919, in order to assure
prompt receipt of diridend checks.
S. M. SCHATZKIN, Trea.urer
If. .TT'
a 1 H H 0 5 . H IS B W 1
I LlDEiai I
I, BONDS
? I
$50, $100, $1000
BoughtSold
Recommended for Investment
Newburger, Henderson & Loeb
II INKERS
1410 CHESTNUT STREET
lleaiber N, V. X 1'lilLt. buiut In.
ehitngea
Robf.Olendinning&Go.
Investment Securities
Special Attention Given
to Orders on
' Pittsburgh Stock Exchange
by direct wire connections
(N York
Members ll'hlln. MtotL Enhance
t I'lll.burcli
400 Chestnut St., Phila.
New York. Dee. R
Kve:iin Sun's eloin
today sni s :
Tne bears Imd a rather trying time
of it in tod.u's stnek market, what with
i the promise of a speedy adjustment of
I the coal strike difficulties and the pos-
Islbilltj of seernl important decisions
I from the Supreme Court at WnshitiRton,
'lotablj the Mink dividend and piohi-
bitlon case'. Neithei uecllon niaterinl-
bed. but this 'is not definitely known
until shortly before . o'clock.
Market letters of the various repre
entiitie luokerage housex over the
week-end '.vern moderately bullish, op
tions beliiK based maiulv on the teehui
tal conditions within the market. It
will be known tomorrow whether or not
the offer of Prcaldeut Wilson, with its
undisclosed terms, will be accepted by
the miners, but .of course, indications
point strongly toward n faoiablc icicp
tlnn. since the leaders hae Cipiesscd
themselves as desiilng it.
It behnoM-d the shorts to cover,
therefore Trailing was not in large
Milunie nud bujiug initiative piobnbh
originated with the short interests
mainly. It was not apparent that the
general public was doing much in that
way and offerings of stock were limited.
The fact that the fJcinians were In
clined to be pugnacious about signing
tlit treaty protocol was of scarcely more
academic interest.
The foreign exchanges again suffered
considerable weakness, most of the
bailing i enters etpciicnelug new low
levels for their uirrenci In terms of the
illnr Mono loutinued at ease al
though hi restiicted supph. Call loans
leuewed at t! per tent and ruled thru.
Time funds were hard to get with bids
at (I per cent for mixed collateral und
"lj and S per tent for industrial col
lateral A higher rash intio for the Federal
Reserve Bank was, naturally, welcome,
although the improvement was small
I and cry much qualined by the absence
i of any mnrkeil betterment in the matter
I of loans at the central institution. Dis
counts on war paper were reduced bj
some SlU'.'.OOO.nofl, but there was n
substantial offset ill other forms of bor
rowing
On the whole, however, developments
.favored the constructive side of the se
curities inuikcl. which was nppaieut
from the beginning The steels, euillp-
meuts, coppers, tobaccos and siiqais ills
plaicd a particulaily good tone, ad
New York, Dec 8. The featuie of
the Hroad street curb market tntlav
was the persistent accumulation of the
petroleum stocks representing proper
ties which are actively engaged in de
velopment work and obtaining new pro.
duction in large oluine.
Most interest wns attached to the
buying of Cilliland Oil. which was
bought bv stiong interests, moving un
to above 4( and making u new high
recoid White Oil was aKo strong
selling nt the new high of A'.tVi Other
oils nude substantial gains.
Cnrib Svndleute was traded in nt
fil , and n.'l ',, and Magma sold at D-j,
to !T,. (iener.il Asphalt had a wide
range again todav, selling at ll.Ttj to
121ni Columbia Kineralrln sold at
The tnbicco stocks were again strong,
American Tobacco Securities being
traded in at fi." to !7'U and Tobacco
Products Hxports nt 32 to :v.t. T'nited
Retail Candj sold al It!', to 1(T,
Subm.iilne sold nt l."T," Lihbf, Mc
Neill ,.1 I.ibby was stiong. with sales
at L'4i, to .',-.. Imllan Packing sold nt
lir's to IS. Amerlcnr fafetv ltnzor
was steady, with sales at IS'.ij'to 18
Vanadium Steel yielded from (11 to
IXDChTRIAI.S
vances ranging from n fraction to -1 "ud i pJJ"" on .
Acme Coal ...
Aetna Kxnlos
Am Tolt hoc
Am flnffty Tlazor ....
Cr LUht
Pafon Kustleo
O'nt'ral Annhalt
Havrjep Ch(-m
Hunn Motors
Hf-nilt-r. "Vlfd
Tndlui r-irklnit
T.o w Inc
lift Inr
,! re r Motors
Orn Motora
I Ih VIA- Ml,
.TnPxihin Motori
Norih Am Paoer
TVrffrllon Tire
noot Vndrvort
Rnnwa Tountalns
Sul.m irlne Tfoat .
Swift International .
Snfcii Co ... .
Ton Prod E;p . ...
V S St-tm
Unlleil Rft Canilv
fnllcl Prollt Sharlna
tinlted Plrt Prod
VanadlllTi f lee ...
V Vhlatlou Inc . .
INDKPKMJEST OILS
APIanc JSH t
AI1IM (111 . II
I Am il IloN.ilty , r,K
Arlto nil .. . .
noon on ... h'J
llonlnn W-omlllB . . 101 K
llra?os Oil J-ls 1
I MurKneit van cieavn . .i".
I Curl Sin . M .1
, r'otnmon'M nlih .. . . ie.
I . IICUtMl IS V., I
Hltrh Low
ii n
mi r,-.
1". 1S14
34 av
121 . ll'..
7 7
ir, n
.'II .Ml
I 17i
.I'll 1"
-'1 24 H
.m, .V.IJ,
'HI". .111
in -in
IV, in',
4 .IH
'i 0
r,?s r.i,
l.-.. ir,.
I'.Ti i-,'i
nn .in
U1- U'
33 33
4 44
1S lnij
21 2'i
loS tH
ni 4 nnu
21 S3
Last
2Vt
n
fi7.
IS'i
3S
12H
r-'nvj,
7
ir,
r.n
in
n
24
h
3
30
1.1'i
4
IH4
r.'jii
ir.
5n
ll'i
31
4H
lnu
2W
in
(1014
23
noints. The oils did very well nIo. I cci'iin.i
Mexican Petroleum being the slowest I Outfev fiille.plii
one.
Some of the specialties were highly
buoyant, such as Pittsburgh Coal, Rem-
Ington Typewriter. Associated Dry J
(ioods and otheis. The food Rtocltt, were
in good deinnud so long as
was in doubt about the prohibition de
dsiou. The rails held steudv to firm,
but there vvus not much push lu that
list
Hudson Oil
Invlnelnln
l.ljml Oil
I 1 Ins-ntoii
MasiflA
Mrrrltt OH
Mar-ira'l,!
fl. .I,.,, i iir oni vni .
the street , phinin. Pet
ANOTHER DROP IN MARKS
Producer A Ileflners
nsan Oil . .
HMinoM-h OH
FUicll Transport
Slniina Pt
Spencer Pet
Toxhs Co w 1 . . . .
Vktorla OH new ...
Whltu Oil
W.y O I U
In
OKLAHOMA PRODUCING
& REFINING COMPANY
Earnlnsrs of the Oklahoma. Produclnu L
Itenntna Corporation of America, tho Com
Daily's operatlmr aubaldlary bore deduc
tion, for depreciation. Uxea, ii , fr n,,
nlno months ended September 30. lum ira
us follows!
NKT
(He re re
OnObg EXPENSES deduction.)
1st Quarter
J2.124.23S 01 II 206 373 A7 1017,804.04
34 Quarter.
2.187,097.01 1.300 082 2I 878,015 41
id Quarter:
2.1113,034 7 1 4(111,231 14 1 04(1 803 03
r.. 1(1,823,271 01 !1,001.S7 01 ? 843,881,00
mos.
lit H Kllbiirn flu. 10311
Viilted (las Elee. 0. 1015
I'ltta. Rolls (la, 1033
Mrraruae I.t. L Tr. Sa. 1031
Crew IrlcU 0. 1031
'fltlonul Conduit A Cable da,
(.lenrflrli Illtuoi. Cost 4,
1037
1033
HENHY D. BOENNING & CO.
BTOCK KXCUANflE IIUILDINO
Vitrtt PrliBte Telephone to New lorW
Jlrrobera I'liJIa. hUxk Kielmnge
German Coin Worth Two Cents
Foreign Exchange Market
' New York, Dec. S. Murks and lire
sustained further declines in the market
for foreign exchange today, the first
I mentioned falling to the new low record
of i.flll. Mie cables dropped to 12.1)1
and checks to IL',00. Sterling was n
'shade nbovo the extreme 'low record, at
I! S4'.. for demand and H.Su'i for
cables" Francs were heavy at 11 .011 for I gjj; J".
cuuics null 11.11,1 mr I'livvun.
At the opening quotations were al
most entirelj nominal. There were
differences of as much as 10 points be
tvveen the different bankers In rpiutu
tions on Italian exchnuge
After the opening the market de
veloped further weakness so that the
following quotations are given nininlj
an a matter of routine
Quotations :
Demand sterliug fl.S."i4t. cheeks.
'1.6(1 V-' franc cables 10.S0. checks
J0.S2; lire rubles l'J.00, checks 12.02;
Swiss cables 5.28, checks 5.30; guilder
cables !18tV, checks ll&Vi ; pesetas rabies
20, checks lfl.00; Stockholm cables
21.S.'i, checks 21.70: Chrlstiauia cables
20.00, checks, 20.45; Copenhagen
rabies 18.00. checks 18.75: Belgian
rubles 10 25. checks 10.27; marks
2.(ll)(ft 2.0(1 ; ruble notes, ft.OO for 500's
n-id -1 25 for IPO's.
Cloverseed
MINIM)
Alaa-Ilr Col
ArUnuu Hllver
Atlanta - .
HrUlier Divide .. .
Heleher Divide Kxt
llooll
liohton A Mont
Cal.il Mln
Ch nnila Con
Cone Vlru-lma .
CrrKon Oold . .
( lucent MLNainar
Kunka Croesus ...
4ii Ml nlni; .
inn
rjoid erpe
I Hold hllver IMek . .
I lleela Minim; ....
lumbo ?:xtuislon
I Knox Divide
I l.oull'ln l Co
Marsh Mln .
Mahon Vallev
Motherlodx
1 Nntlonul Tin . .
N'lplskliu
lUx Com .
Ito, hester Mines .
I Hope (Iroup .
S Hllver Lead . .
Suecess Mln
Tonopah nelmont . . .
Tono Dlvldo
Tono-JIm B
Tonopah Midway
Tonopah Mln
Tonopah Rescue K.ula.
United Esstern .
Vletnry
Vhlto Cnps ,
Terrlnston
HOM1S
Allied l'atk n
A T T nt '22 ,
Canadian Oovt 5Vjs of '20
t IT. T 7s
M
3J0
ton
.MOO
ttnoa
2700
loo
2100
too
3300
1500
200
100
(000
200
tioo
400
6200
100
turn
'joo
too
8.100
son '
oo
1700
.jioi
:ioo
ijoni
3000
ooo
too
3110
1000
voo
S200
200
900
i?no
300
100
700
100
100
1000
3100
(100
ADO
000
coo
100
100
2000
3100
100
303
100
700
800
300
300
200
420(1
3100
2000
400
300
1000
400
S00
100
100
4200
1000
400
400
8900
200
2300
140(1
500
300
2000
800
100
00
1001)0
(.'00
200
400
IM00
3 tOO
-i'-co
400
SCO
200
1100
100
100
GOO 3
3300
1800
00
300
1100
S000
3700
2.100
4(00
000
6400
300
SS00
200
100
300
4000
1401)
100
.300
1100
700
2100
400
too
1SU0
100
5no
5500
3000
100
13700
(100
100
soo
400
too
1A0O
300
300
3
7
r,
(
3
7
7
7
10
8
20
It
7
7
American ico . . .
American leu pt .
Am Interuut Corp
Am Linseed .
Am I.lnsetd pf . .
Am Locomotive .
44
. 07
.my,
71H
. 03
9SM
Am Ship & Comiiieicc. 31 V2
m Smelt & !!f. . . . fli4
ni Steel Foundries . . 43JJ
Am Med 1'ilrlCB pf , . 01
Am Sugar lief .. .141
Am Sugar Itef pf . . .118V4
Am Sumatra Tob .... f3U
Am Tel Aj Tel H
Am Tobacco . . 27(14
Am Tobdixo pf new. . 98J
Am Woolen 128H
Am Woohn pf . . ..103
Sin Wr time Paper pf. 00
m Zlno Lead & Sin . lUJ
1 AiiAuonda Copper .... 10
Ann Arbor pf 17
Assets n.illz:itlon . 74
so Iry floods . . 61
!i Associated (i.t ,.11S
Atfh Top A Santa Fe.
A AUh Top fi. S V pf. .. 70
7 Atlantic Coast Lino. . flSVg
10 Atl Uulf & W r . ...177
Auto Kalis tern clfs.. 20?
3 Auto Sales tern otfs pf . 3S
llaldwln Loco . ...lOSJi
llnltlniore & Ohio .... 33H
4 Baltimore & Ohio pf . . 11?
7 Bat net Leather pf ... 93
8 bnrrctt . . . ,12!s
Bethlehem Motors .. 31V4
Bethlehem Steel ... 9!ij
lXhlehem Steel B ... nSj
8 Bethlehem StI 8"o pf.113
Booth r slien,. 14H
Blilvn Itapld Transit. 1BH
BUlMi P. T ctfs of dep. 11H
8 Brookljii i;dlson ... 9
(i Broold.vn Union G.is 63!
7 Brown Shoe 105
Brumi Term & It It. . . 7?
.50 Butto Copper A: SSIne. . 9'A
Butto & Superior Cop. 24
Butterlcl; 2S
Caddo Central O & It saj's
California I'acltlng . 7814
California. Petroleum . 404
7 Callforn'n Petrol pf , 80
2 Calumet &. Arizona . (13
10 Canadian PaciQo .. .139
Cential Lcuther .... 97
7 Central Leather pf . IOSK2
4 Cerro de Pasco Cop . 30 H
( Ccrtaln-teed Prod . . .
8 Chandler Motors ... 120
4 Chesapeake & Ohio . . 87
Chi &EI)1BT ctfs. S
Chicago (it Western . 8
1 Chi Ot Western pf . . . 23H
CM Mil . St Paul . . . 38?,
Chi Mil &. St Paul pf . 06
7 rhl S. Xorthw estern . 90
5 CM &. Northwest pf 117!
Chi Pneumatic Tool ..108
. Chi ltoc.lt lsl &. Pao . .
6 Chi II I & Pao 6 pf.
7 Chi It I & Pac 7 pf.
Chi St P Minn & O...
7 Chi St P M & O pf . . .
.i Chile Copper
3 Chlno Copper
6 Clueu 1 ealiody
Coca-Cola
1 Col Orahophone .
7 Col Graphophono pf . .
3 Coloiado Fuel & Iron.
4 Columb Gas &. Elcc .
Continental Candy . . .
7 Consolidated Cisar . .
.. Con Interstate Cal M.
ConbOlidatod Textile. .
Con Textile fts
7 Consolidated Gas . . .
Corn Products Itef.
12 Crucible Steel
7 crucible Steel pf . . .
10 Cuban-Amer Sugrar
. . Cuba Cane Sutrar .
7 Cuba Cane Sugar pf
7 Deero & Co pf . . . .
9 Delaware & Hudson
Denver & Kio U pf ..
Dome Mines
3 rik Horn Coal
llnierbon-BrantliiB
7 Kinerson-Brantlne pf
SO Kndlcotl-Johnson . . .
).!!
Crle 1st pf
Crlo 2d pf
Fairbanks
8 Famous Players-L . .
Fisk Itubber
3 Freeport Texas
2 Gaston Wm & Wig. .
B General Cigar
5 General Electrlo . . .
12 General Motors
6 Gen Motors deb
4 Goodrich B F
7 Goodrich B F pf
Granby Consol M . S.
(.lay Ai Davis. .
7 Great Northern pf. .
4 Gt Northern Ore Ctfs.
Gicene Cananea Cop..
Gulf States Steel ....
4 Haskell A Barker Car.
7 Illinois Central
C Inspiration Con Cop..
Intcrboro Con
Inter AsrricUl
( lot Harvester 13J4
7 Int Harvester pf new. Ill
Int Mer Murine 2H
0 Int Mer Mainio in. . .,lc8M
International Nickel . . 23!4
0 Inter Nickel pf ...
International J-uper
iron Products
.lowel Tea
7 Jewel Tea pf
Kansas City Southern
4 Ifnn Cltv Southern pf
4 Kelly-Hprlngfleld T re 140
8 Kelly-Spring T 8 pr iu
. . Kelsey Wlieel
2SH
2's
7SH
60
95
19
37 !4
92
39'
1VA
93
40W
64 56
132
7014
19
35
1
. . 9
.. 87?4
. .317
. 99
..405
.. 85
80 Vi
..100
. 99
. H'2
. 13'4
. 30 H
. 30
9l's
.1434
. HH
. 21 H
. 16
. 83
. 91 V
. 3A
. 39
. 20
. 73
.108
.3415s
. 8?4
. 8'i
104
. 53 Kl
. tsj,
80 '
39',
315
70M
58 Vz
9014
53
m
20!,
93 '3
76
as';
1054
60 V4
13'4
44
81
j - , , . . . i
avnco in rnco or ueaa ' Tofdo. o.. i)w 8. clovkkseed
New Yprk. Dw. 8-The American ,'"t?M SSrSrtSi-tlS'tiS.
ftatlttu d Itonnlns C... today ad IfiiVlj:
.ftesB
1111 e ;, " "L -".
ISOOni iyKr,iir, u,,-M, fi MiKpit
jirni and .y. tV
H
BAR 8ILVER
Commercial bar silver was quoted u
New York today at $l.fl2V6 an ounce,
an advance of Vjc. In London the
price was ld higher, at 74rl an
ounce,, .. j
MONEY-LENDING RATES
MOW YOHK Motiej ou (.all. both
mixed mid collateral uud all iudustriul
collateral, opened today ut ( per cent
for lending and renewing.
The time-money market continues
slow ami tho tone Is very tirra. Some
small loans ure reported today at 1 Vfe
und 8 per cent for sixty and ninety
dars ou industrials.
Prime bank uiceptuuccs bhow mod
erate movement ut unchanged rates.
The will louu ligurc 011 ucccptuncrs
K still r-y,.
Tlie loial demuiid for mercantile
paper is very light.
PHILADELPHIA Call, tl percent;
time, (I per cent; loiumerclul paper,
tin ce to six mouths, fi per cent, and
six mouths, 5'7i(SO per cent.
LONDON Money is quoted nt Hi
percent. Discount rates: Short bills,
5 per cent; three-mouth bills, 5
per lent. .
LONDON METAL MARKET,
few York, Dec 8. Cable advices re
celnd at tho New York Metal Exchanse this
nrornliiit nuoteil prices In London as (ollown:
Tin Spot 1304 8s. an advanco of IB 15. 1
futures, C01 10s, a sain , of (IS 10js and
straits, taut Ids. up (0; Hlngapore, (301, a
loss of 12. Hales Spot, 150 tons! futures,
0.1O tons, and Ulncapore, 100 tons. Standard
eopper Knot. 110. un advanco of 12, fu
tures. 1111. a ssln of tl. Lead Upot. 40
lOsi futures. (40 12s d.. sain for both of
7s M Poslter Spot. tM U (M. futures.
8 17s d, both up i lSs.Sd.
tivr
44 ?
74
S7
2H
2H
4U
95
92l
9(1 V4
90)4
lit
51
102
138
804
115,
93
1WV4
120
41
67
10!) 1 'a
r.9'4
91
OI''j
.10
05
134
0.1
140
110'i
92
99)',
870
987,
126
103
55
tnu
58 ,
17
n;,
57
115
84)4
57?,
92 to
174)4
20
3P
1075,
32 5
43?',
95
124
33
92)4
9(U
11254
. 13 r
15),
II
94
52
105
75i
9
23 H
25
22H
78
4ft
80
63
138)4
9514
108)4
55 54
55
118)4
50)4
5
854
23)4
36
54)4
80 'A
117
108
"nv
74)4
00
95
18)4
36 Kj
91
39
69)4
93
3954
63'
13'
70)4
1854
33)4
1
88
8554
211)4
99
401)4
51
85',
100
98 "4
14
13 Vs
29 Vz
SO
OlJ's
It'
ll 21
15 !4
S3
91
37
3754
1954
72
166
337
88t
8254
104
niYi
48)4
7155
39)4
3454
79
80
89 J4
fil
454
20 Ji
133
114
51
107
22 Vt
93)4
74 'A
37l
1954
09H
15
44
lit
104
80
Today's Net
Close Chirr
4H 1
74
87H
2)i
254
4414-1
94
93)4
110)4-
97 r
125 I
51H
102)4
13DJ4
81 H
II 5s
93
29)4
120I4
44
r.7
110
2)4
li
ltt
Hi
3'4
1
3H
54
'4
Vi
H
7154 254
Y2
54
H
VA
V
t't
114
1)4
'i
54
154
3'4
'
5
5,
154
1
VA
V
93
9454
31
(liM
42-V4
9i
14154
110)4-
9314 154
99)i- 5s
27H2 9)4
9iJi
120 -103
1
39 )i
1)4
59 A -I
17
74
.',)
it.-,
85 lj -77
Ji
82)4 1-
177 r
30 35
10754
325,-
44
95-3
121)4 I- 1
32
02)4 "2)4
94 5', 14
113 14
14', 'A
15)i- V
U Vz
94 -.1
52)4- 54
105 2
754 v
9)4 14
31)4 IH
25 1
23?s
78
4054
80
61 -
13954
95)4 108 '4
5554
ss -
118)4
5654
5 -
854
23(4
37)4-
66 1)4
85i )4
117
1C8
2554
60 -95
10
37 '4
93
39 V
en-
91
3954
C4 -
13)4
10V,
195, 54
35 1)4
1
88
87
213
99
405
53
54
"h
m
54
54
l'4
1
54
15',
i
?s
''A
ft
7 '4
19,
1)4
6)4
54
54
Vt
Ji
)4
54
Vi
A
-)'s
34
'A
5s
A
1
1
A
1
V
Vt
86)4
100
-13)4-29J4
SO -
9Ui-
113)4
14
21 -V
15)4
83
9114
43V4
3754
1954
73)4 168
33754-8854-
'83
101
52)4
39)4
34 -70
88)4 2)4
89 J4
82 1J4
454- V
2oy, -i 1
13354 354
114
51J4 5b
107 H )i
23 54
93)4 1
78)4 4)4
354
'A
54
" A
54
5
'
'A
S4
37 V -
1954
OOyiH 15 -44
140 r
104
80 -
I
A
)4
54
6)i
1
Sal"
(00
4800
4100
1900
300
6700
2400
100
800
.100
401)
Dlv.
lilt
7
3
(.20
.60
7
12
4
7
Kelsey Wlirol pf
Kennecott Copper .... 29'A
Kcyslono Tire A Ilub 4754
Lackiivvanna Slcol . . s7
Laks Erie & W pf .17
Leo Uubbor & Tire ... 37
Lehleh Valley 43(4
Loose-Wiles B 1st pf .100
Lorlllard p Tobacco
Mitckay Cos pf . . . . .
Mnnhaltan Clev guar
tilth I,OtT
08)4 08)4
Today's Nst
Clous Chse.
200 t.75 Manhattan Shirt
1800
400
200
(00
40
C800
400
9500 1
rOOO
(00
200
400
49
3509
2100
43011
100
(00
301
300
100
1409
1400
moo
900 1 .50
600 10
2800 0
100 2.50
5200
200 I
300
100 5
6210 7
1030 7
410 4
.101)0 4
7000 .60
400
500
700 3
200 3.60
100 t
100 5
14100 6
3100
100
6400 3
400
430O
500
600
10(1 5
400 3
57300
200 8
5(00
100 8
13&0
100 6
200 4
3600 5
100 6
2090 1
1700 8
1200 8
10400 4
800 8
3400 2
13500 Cf
700 4
2400 4
1Q0 2
4100
100 7
490O
1500
100
3600
400 6
400
400
:oo 8
300 1
24400
900 0
18200 0
100 20
3200
3200 4
8900 7
300 7
7200
1400 4
300 5
100 3
Murtln Parry
Maxwell Motor ...
Maxwell Mot ctfs. .
7 May I.'ept Stores ..
7 May -Dent Stores n
0 Mexican Petroleum . ,
2 Miami Copper . ...
0 Mlddlo States Corp . ,
4 Mldvnte Steal & Ord
Ml mi & St li new ... ,
7 Minn St P & H St M.
Missouri Kan e". Tex .
Mo Kail & Tex pf .
Missouri Paclflci .
Missouri Pacific pf ,
3 Mullliis Body
3 Montana. Power
3 National Acmo
Nat Aniline & Chem .
7 Nat Aniline & ch pf
5 National Cloak & S .
Nat Condu't fc Cable .
0 Nat Kiiiim & Stamp.
National Lead
Nevada Con Copper..
No.vv York Air Brake
New York Central
New- York Dock
New York N 11 & H
New York Ont & W
Norfolk & Southern
North American
Nortlitin Paciiio . .,
Norfolk & Western
Nova Scut lu S C . ..
Ohio Cities Gas
Oklahoma Pro &. Itef
Ontario Silver Mining
Otis Steel
Owens Bottling Much
Pac'flo Development..
Pnclllii Mall
Pacific Gas & Elco
Pan-Amcr Petrol .
Paii-Amer Pet rts
Parish & Bingham .
Pennsylvania .
Penn Seaboard Steel.
Peoples Gas Chicago
Pcre Marquette .
Pere Marquette pf .
Pere Marq prior pf . .
Philadelphia Co
Plerce-Arrow Motor .
Plcrcc-Arrovv Mot pf.lOOJi
Pierce Oil 2054
Pierce Oil pf 102)4
Pittsburgh & W Va. . 27 54
Pitts & W Va pf 75
Pitt C C & St L 63
Pittsburgh Coal of Pa. 66
P'ttsburgh Coal pf . 91
Pond Creek Coal .... 25H
Pressed atcct Car ...10t'4
Pullman 116
Punta Alegro Sugar. . 08'A
Itallvvny Steel Spring. 9854
Bay Consol Cop 21
etltcpub Iron & Steel. . .109)4
Hepub Motor Tiuck. . . 5514
Reading ,
Heading 2d pf
Remington Typewrit
Rem Typo 1st pf . . .
Royal Dutch N Y .
St L Sun rlrtil
197
64
41)4
31
. 27
. 38 Vt
38)4
.121)4
.107',
.3C414
2354
. P554
. 5154
. 11 ('4
78
. 10)4
. 14)4
26
. 41)4
10
56)4
. 38
. 67 i
89 n
. 80)4
. U'4
83)',
83 'A
. 15)4
IP!
705'.
4554
294
17
10
56
83 H
100
75
81)4
lo
10
37 'A
60
73)4
34 54
.. 3
T.112
. 54
. 4154
41)4
34
38
24
47
64
32l
8254
. 7H
. 35)4
. 7
.103
.102)4
10)4
10
2600
1700
390
2200
8100
100
100
17700
200
400
300
T800
4700
1490
C9
400
200 3.50
700 10
700
300
too
100 8
16400
9200
u 200
16S00
200
32700
1000
100
34700
810
9200
1000
(00
100
300
490
1400
100
1100
800
100
2700
430
490
200
3500
00
209
1800
200
100
St Louis Southwestern. It
Saxon Motor 1354
Savage Arms 76
Seaboard Air Lino ... 72
Seaboard Air L'ne pf. 14 A
Sears-Roebuck 22
Shattuek Ariz 12
Sinclair Consol Oil ... 4754
Sloss bheff S & II.... 71
Southern Pacific ....10654
South P It Sugar . . . .230
Southern ttailway ... 23 A
Southern Ry pf 69 'A
Studebaker 10 54
Studebaker pf 101
Studebaker its 2'
Stromberg Carb ... . 77)4
Stutz Motor 114)4
Superior Steel 44 A
Tenn Cop & Chem ... 10)4
Texas Co 297)4
TeMiH Co rta 6S
Texas & Pacific 4154
Tobacco Products ... 9154
Tobacco Products pf 191
Tol St L West ctfs .. 10)4
Trauscontlnetal Oil .. 444
TramSue & Wins Steel. 63
Twin City It T 40A
Union Bag & Paper. . 4
Union Oil . .. T9
Union Paclflo .. .126
I iiion Facllu pf ... -54
United Alloy Steel . 51
United Drug ... . 13
United Drug 1st Pf.- 43'A
United Fruit 94
United Ry Invest.. . 8?i
United Ry Invest pf.. 10
U S C I P & Fdry. . . 22)4
U S C I P & Fdry pf 57
United Retail Stores.. 0454
U 8 Ind Alcohol. ...109
U S Ind Alcohol pf. .104
U S food Prod M
U S Realty & Imp 40
U cj uubbor 12754
U S Smelting It & M 74 54
U S Smelt II & M pr 47 54
U S Steel 10ki
U S Steel pf v . . 114
Utah Copper 74
Utuh Seo 10W
Vu-ChioIIhi. Chem ... 69
Va-Cur Chem pf H W
Va Iron Coal & Coke 72
Wabash 8'A
Wabash pf A 'fj7
WubiibU pf B . . 15 14,
Webtern Maryland . Ills
West Maryland 2d pt 19
Webtern Pacific pf. 4
Westlnghouse 12 A: M 54
Whlto Motor . ... 67)4
Wheeling & L Urie 13'm
Wilson & Co 78
Wlllys-Overlund 30t
Wllljs-Overlund pf... 9154
Wlieel AS i- e-rio i ;
WnrthlnKton Pump . . 8s54
M wnnluorth V W -123)4
Kx dividend.
Wella Forgo Kxpress
1U rixnts.
5554
(
2834
4H
80
ion
35)4
1254
100
195
64
51
sou
20)4
38)4
37 5s
12354
10054
201 'A
23)4
63 4
61
14
77
10
11 'z
255s
405',
4 8 'A
50)4
375s
67
39)4
bOU
10 'A
80
81)4
19)4
111
70
4534
284
17
10
60
8t)i
99 'A
75
mi
954
n?4
37
69
73)4
3454
63
108
H
4454
41(4
31
345,
2354
47
04
33
77 54
100J4
20
102)4
27 A
78
61
63)4
91
24
9754
114 A
9554
97 5(
20)4
1C0A
56
7714
35)4
MA
103
01fi
16
14
12 54
75 &
754
1354
220)4
11 'A
1654
72
105)4
230
22 H
5S)4
10854
101
154
"6)4
114
44 A
10A
294)4
(It1
43'2
8)
101
10)4
4254
63
40
1
3754
12454
(7
50)4
13)
52)4
202
8)4
18)4
21 'A
57
93 'A
105)4
101
-.8 A
40
124
71H
475,
104 H
112J4
7354
10
185b
113)4
71
8 'A
24)4
1554
ll)4
18
84
5354
66
13
7S
30
f0)4
18)4
80
123
6654
98)4- Vi
28 A H
i 4H 'A
fflji-l 1V4
10'A-
36V4 1
42?- 54
(00 J4
195 2
61 - !4
44V4 4)4
30 'A- 54
26)4- 1
38)1- 54
3754- t
131)4 !z
107 -I 1
203 'A 2 A
23V4 V4
84 - 54
40 - !4
14 m V4
77 154
10
Vi )4
24)4 V4
41 -I 54
48VJ 1(4
40V4- 2)4
3754 A
67 A Va
89)4 H
so 'A 1- )4
1054 H
8254 454
82 1
14)4 54
111 1)4
70
4S5 'A
29 14
17
10 - 1
56
81',- 54
9954-1 H
75 W '
513(T-I V4
10
10 Vi
37 A 1 Y
r,o 2)4
73V4 Vi
31i- 15s
63
110'A 2
4
41 154
414
34 A- 54
38 3)4
2354 Vi
47
64 1
33 A - A
7S54- 2)i
100 5',- A
2054 H
103)4
27V4 14
75 I
63
65 3)4
91 1
24 1
1001, l)i
110 1
9554
9854 2V4
2054- Vi
'100 A-
6s'A 54
,.7)4- A
3SV4
12 7A
103 2
10154- Vi
16
11
13 - V4
76 - 1
754- A
14 - A
223 4
12 Ji
47 Vi A
721
104)4- 1
230 6
22J4- A
69 Vi 54
10854- 5
101
7054- 54
114 - A
44 A A
10 A- A
294V4 1
85 Ji
4354 94
91A 254
101 - 1
10V4 ..
It l'A
61 2VS
40 A A
95 3
0 V4
125 - Vi
6754- 54
51
158 1
52 'A A
202 A 'A
8J4 A
19-1
22V4 1 14
571
92 'A- 14
107 2
104 1V4
78V4- 54
40 1V4
135 J4 2 A
74 154
4754- 1
105V4 I
11254- H
74 1A
1054 r- H
691
113)4 H
73 2
avi ..
21 A- li
1554- A
1154 r A
19 - t
54
84 -I "4
66V4 54
13 A )i
78 .:
3054- A
00 A V4
lsV4 Va
86 - V4
123 - I
5554 IH
LOCALS DRIFT ALONG IN
FAMILIAR NARROW GROOVE
Continued Dribbling Liquidation in Pennsylvania Railroad
and Lehigh Navigation Price Changes Slight
The outstanding feature of the local
jnarkct was the" striking diversity of
Hip trading, a longer list of purely
local stocks being dealt in than wit
nessed for some time. This lueltided a
number of inactive shares which only
iniike their appearance on the tape at
wide intervals. While the volume of
tinn&uctions was relatively light, scrcral
of the stocks were brought Into proml
ucncfl by reason of big blocks changing
hands, As to price changes it was sim
ply a Jumble of small udvanccs or de
clines, neither cnrrjlug significance,
except to emphasize tho narrowness of
the market.
It would be iiOincnhat difficult to
diagnose the real character ot dealings,
os they were open to wide interpreta
tions. In sonic quarters, notably Penn
sylvania Railroad, Lehigh Valley, Le
high .Navigation und Philadelphia Elec
tric there was evidence of continued
dribbling liquidation. In other plflces
testimony was to be found of nutct
ubsorption by the so-callcjl bargain-hunters.
In the usual active leaders little or
nothing was done to speak of. General
Asphalt common at tho outed dropped
$.' to 11S, but before midday regained
$2 of the loss, only to drop back to 117
ucur tho closing. LMrctric Storage Bet
ter? and United Gas Improvement did
not make their appearance until the sec
ond hour. Limited dealings elevated the
former to 138 nnd the latter to 53'
Among the inactive shares American
Railways preferred came in for con
siderable attention by reason of a block
of 1008 shares changing habds at (ll''j,
unchanged from the previous price. An
other 1000 block transaction took place
in Tonopah Mining at 2, Tonopah
Belmont at the same time yielded lo
2 0-ltl. A small sale of Westmoreland
Coal caused a decline of $1 to 74. Phil
adelphia and Western preferred was 75
cents higher al 20. Pennsylvania Salt
was taken at 70. American Stores and
Amcrlcnn Qas lost $1 at 40 and 45,
respectively.
Humor had it thut some Important .
announcement In connection with the
American Ship and Commerce Corpora
tion would be made during the current
week. The nature of the development
was not disclosed, but it was intimated
would have an lmportnnt bearing upon
tho affairs of the company. This was
partly confirmed by the strength of (he
stock in the New York market today,
with an advance above 31, or over 5
points above the low water mark estab
lished last week.
Philadelphia Stocks
Illali
5 Allin Ins. 24V
,'!0." Am Htrs. 40.
100 I Am Can 53
2!)2 Am Otis- 45i
100S Am K pf (MMi
20 tAdams
l'xpress 34
100 tCol Fuel 40
Net
Low Close chse
24l2 2M33
40 40 1
53 53 - Va
45 45 Yi
04 Va 04 !..
34 34 1
40 40 . .
Mi
10 tCubaCS 541T 5415 54V517
.-.HO Caildo O 22V.- 2'jlt. --".'J..
123 iji stor..i:is 1..7 jys -i
lOOtL'ric ... 13 13 13
310 lieu Asp.120 117
10 do prcf.lM) ISO
20 Hit N pf SO SO
10 I C N A 35K. 35
50 Key Tel. 12V1 12
015 Lk H Cor 20V, 20
805 Leb Nnv. 111 01
122S Lch Val. 43Vi
41
ill
42
41:)s
74ij
24 Vj
2V;4
117
180
SO ,
35 ',
l-!'t Vt
'ii? fi
12
41- Vi
II'AJ l"j
20
47
20
47
24 U,.
20'h . .
20"
1280 Pu It It
120 Pa Salt..
02(1 Phil lllec 24'Y,
I III) P Ii T tc 21l!4
10 I'll ci VV
pref .. .
200 tSluclalr
Oil ....
100 Tpn Bel.
2200 Ton Mln
44 Un Trae.
S30U (J I..
130 tU H Htl.105
300 tWhito
Motors OOVa till1- 0tli-
7 West C. 74 74 " 74 1
30 York It 11 31 31 31 Vi
(Net chahffu mado bv comparison with lusl
ealo on Now York Htoilc Uxchnnic.
Total sties 12.217 shuns, loinpared with
1915 share Saturd.n
47
3S "..
53V. V,
lOl-'H 105 Vj
-ni -lit
Wj 2j
IS 37
r.3l4 03
bates In
11000
Net
ihce.
2 Bald 1st 5s,100Vt 100 100 Vi
2 Lk Sup inc
01
01
(is . .
5 Lch V gen
, -Is 70
4 Leh V cons
4 Vis 2003 78 V.
1 Lib Bond!.
3d 41iS.1. 01.32 I14.32 1)4.32
ift ra gen os. !)0 DO
S Pn gen iV,s S0nj Ml
25 Pa Co com,
Is .104S". . S4
34 Philu Klcc
1st Cs ... S!)i,
1 Bend gen 4s SO
70
7Sij
81
S!)
SO
Gl
70
78...
90 H
81 8
S0 Vs
SO
Honda.
Haturdjj
1100,000. tompared with JSo.OOO
BUTTER, EGGS AND CHEESE
New York. Dec 8 HUTTnn rirm n.
celpts lioi tubs Crcann-ry hlsher thnn
eylruR 74,i?7.1, rfHmerv rxtrus (02
frore). 74c, llrtH, (12w"3c in. Kins Hock,
(llr-nt iimkp No 2 40i
JKIUS St nil Itdetnls 4tl.'"l niBcn
1 les'i-.-alliernl 1 tlrim ll.lWi4c trn nrsts.
fifi0f 'lmts Mlffssc, stiiu rvtinslvnnu
nd licirhj wpHtenl h nnerv whites lino to
fni. 11 02W1 0"i Blate. Pcnnnj Ivanla und
nnrhv tienneo vvhlleH. nr-llmry to prime,
7-TSc tfjUSi , miute, Pcnnrjlvanla and ncHrhy
hennorv browns, OOftiiSc, do, euthcred
browns und mixed colors 01lf?fl4r
C'HrKHi: Htedj lletelpts. son boxet.
Suite, whole milk, til ts, current mako spo
cliils. 32'4&31c; do. svorare, 31082c,
state wlole milk. 'Wlis. current make, spfl.
c als. Ml Vi :i'.'u; do, everato run 31c
GOOD GAINS ARE.MADE
ON COTTON EXCHANGE
Late Prices Advance Almost
Full Cent Above Saturday's
Closing Figures
COTTON nRLT WEATHER CONDITfo.N'S
New Tiork. Dec 8 Tho followln tem
peiaturrs were recorded In the cotton belt
ihli momhiK Oklahoma 3fl. Fort Smith,
38, Memphis 40. Nashvlll. 42 Knox
vlljo S2. Vlekbur. , Ban Antonio,
nn: Atlsnta no, Merldlin (12: Jackson
Mils, Wllminston, Mvnnnah. Charleston
and Aususta, OH. Montsoineir. 03: New
Orleans Tensacoli Mid Galveston, 72
There was .12 Inch ot precipitation at
Oalveston ft.'? at Knoxvllle. 20 At Nsw
Orleans and Vlcksburs: (12 at Wllmlniton.
70 at Auxunta. 2 30 at Montomry,
2 04 ut Atlanta and 3 08 at Meridian,
New York, Dec. S. lleduccd offer
ings, n renewal of Liverpool buying,
local and outside covering nud further
"calling" by spinners agents gave tlie
market a strong undertone In the aft
ernoon, prices advancing to a level al
most a full cent above Saturday close.
Eastern belt ndvices reported u poor
spot demand and an easing basis.
Clearings were again heavy, nnd here
were predictions of large shipments
f-oon to be made from South Atlantic
ports to Japan.
(Local sentiment appeared to ver.v
be very much mixed, with probably
more of a bearish leaning than other
wise. .
rc.
.Ian.
March
May .
Jul- .
Oct. . .
Liverpool Cotton
Liverpool, Dec. .S. There was a fair
request for spot cotton today with prices
kteady on the basis of an adwiucc of
13 points for middling nt 2,".0.)d. The
sales were 8000 bales. The ris'eints
weic 42,000 bales, including 40,700
bales American. Futures were steady
iu the carlv dealings. Spot prices
were: American, middling fair, 30.75d;
good middling, 27.50(1; fully middling,
u.GUd; m dd ue. 2.1. 60(1: ovv m dd Inr.
23.40d ; good ordinary, 21d, nnd
ordinary, 20d.
Decrease In Ginned Cotton
Washington, Dec 8 Cotton ginned
prior to December 1 amounted to 8,
K'13,712 running bales, Including 09,
115(1 round bales; 21.240 bales of
American-Ugjptlan and 55SII bales of
Sea Island, the census bureau an
nounced today. Prior to December 1
last year, ginnings were 0.571,414 run
ning bales, including 132,002 round
bales, 10,170 bales of Amcricon-Kgyp-tiait
uud 25,t!5S bales of Sea Island.
Sat ToddV's 1100 1.10 2:30
cas!7R 2T00 a m p m' "' m'
f.fi.un 17 on ,17.211 37' S3 1I7',42
. .14 00 34 111 84.74 34 77 n4.70
, 3192 .1 .'..Vi D.'.IIS 32 7.1 .'IJ.73
; ao no an 7.-, ......
' 28.00 28 Iff
Reserve Banks' Discount Rates
Official discount rates at the twelve
Federal ltcservc bankb were as follows:
(The first column gives rates for all
periods up to uud including a flftcen
duy mnturitj, the second for u period
of blxteeu to ninety tlajs. The third
und fourth columus give the rutes for
rrdlM'OUnts of collateral loans secured
by government uonus or notes) .
Hoslon
New York,
Philadelphia
Illchmund
Cleveland ..
Atlanta .
Chlosio
HI. Louis
Minneapolis
Kansas City. .
Pallas . . . .
sun rranemw
Com'! paper Uov't paper
Hi 10 I'll 1UIOUU
IH days days IS da) a ,das
4". 44
4 l'
H, 4
4i 4
P. 4;,
4V4
4", 4t
4' r.
n n
r, s
4lj s
Pi
4U
n'i
4'i
4H
4V
4 '4
'i
4
4Vi
fiH
BANK CLEARINGS
Dank clearlncs today compared with cor
responding day last two want
1010 I01S 1017
Phila .103,020,1108 104,0(18,180 t47,S0A,lS0
nosUMi. . .in.nio.a.ii 41,17.1 nun an.ns3.oin
N. York 8.19, 1M 1128 474,37(1.41!) 3S,8t3,018
Ilalllmore lS1ilO.(,n 18,1(17,708
Aetna Mills Declare Extra
Itosloii, Dec. 8. The Aetua MilU
have declared a regular quarterly divi
dend of 2 per cent and an extra of 1
per cent, payable January 1 to stock of
recprn ojcccjuucr -v. .
. BANK LOANS INCREASE
rt...inn Mmia Statement Shows
Gain of $2,332,000 Over Last Week
The most striking Item In the week
ly statement of the Philadelphia Clear
ing House Association was nu Mpm
sion of $2,332,000 iu loans. On the
other hand, Individual deposits shrunk
53.775,0011. , . r
The excess reserve was increased ?.i,
nitt.000. bringing the surplus ubovc lc
eut leiiulreinentij to $5,008,000.
Details follow:
ALL ML.MUI5U9
De' 8. '1
Loans 77t, 41.1,01"
Ksehaa fl House . ;t'5,4'n0,
Due from tanks . I24,7ii2.0i0
Hank dei.oslls
Indlv deposits
Time denoslts .
IUs with r. It
n
lin.sr,
641, 313,000
O.OJl.OOl)
ti ltaul denosltorles
cssn in vaum
5.417,000
js.oSo.ono
(10,413,00')
Increase
!, 332, 0011
t.sai.oftii
l.lV.i.oilii
401,000
8.770,00$
60,000
(1,012,00ft
131,000
tl. 703. 000
151,0(10
R,016,DOO
etal r.u ,v. IiaIiI
n.v vn,,lria K4.4JS.0o0
,...v.. , ....... v . "j.?.-.i.iix
usuess rcsorve . o.uoa.inju
MEMUiins nusEnvE system
rteserve held. . tS6.T37.nnn tn.87,000
Etcess rffrvs ,,,, r,82n,0lX) n.617,O0O
THUST COMPANIES NOT MKMBBItB
HEHEItVU SYSTEM
Itrserve held ,,,, . J3,n7,ftOO 7M0J
Excess reservo ... 04:', 000 1,000
In addition to tho deposit!- above there were
this w-.'tk ltH.484.000 sovernment deposits
osalnbt vvhlih no rerervo la required
Increase,
Giltnet
SOLID WOVEN BELTING
FOR
All Industrial Purposes
Power Transmission Belts
Conveyor Belts
Endless Belts for Special
Machinery
Polishing and Sanding Belts
Grinder Belts
L. H. GILMER CO.
Main Office Tacony, Phila,
Factories in
Tacony Allentown North Walea Millcn, Ga.
RAILROAD EARNINGS
COU3IIAUO AND SOUTIIERN UNE3
Fourth wk Nov, ,, JMn.Sfll
Jncreass
ii.i.r.sn
3,0Taf;
XJC
Special Letter
Amalgamated Royalty Oil
on request
George C. Winchel
81'EatAUSV
7 Exchange Place, New York
Telephone Hector 2S05-C6
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