kwIPjISS?!
-
r
M
EVENING PUBLIC LEDGER PHILADELPHIA, WEDNESDAY, DECEMBER 31, 1910
Cm
m
.r-
How To
Trade
A free booklet
quircincnls, etc.
telling deposit rc
THOUSANDS of men
to whom the stock market
has been strange ground
have found this guide very
valuable. Gives commis
sion rates, deposit require
ments and how to give
your broker instructions
in person or by wire or
mall. "It's no use waiting
for your ship to come in
unless you have sent one
out." Get your copy of
this book today.
Ask for No. T.U.-G68
JONES & BAKER
SECURITIES
Wldencr Bids-., Philadelphia
Phots Dill, Walnut 6065
Keystone, Race 2290
Direct Private JVins
New York Detroit Pittsburgh
Chicijo Bildmora Bolton
New Capital
Means
Expansion
Greater Production
and New Markets
Take advantage of the
results of the opportune
buying of raw materials
make possible the erec
tion of additional build
ings and the installation
of improved machinery
reduce your manufactur
ing costs and speed up
your production.
Our Business Trading
Department is in a posi
tion to render an unusu
ally valuable service to
industrials and going
concerns seeking' addi
tional working capital.
Business Trading
Department
Elkins, Morris & Co.
investment Hankers
Land Title Dldg., I'hilu.
NEWS" OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
STOCKS MOVE UP AGAIN
DESPITE MONEY CRISIS
Heavy Volume of Cash Sales to Establish Losses in the Year's
Income Account
New York, Dec. 31. Thr year closed
with a distinctly strong stork market
toilny. Itcgnrdtes of further indica
tions of tight money higher in ices were
established nil through (he list. although
interest run strongly to the Industrial
(liision Mnuy of the traiinc tions
weio on n cash bnsis, evidently for the
purpose of adjusting jear-end income
account. In order to bnve the transac
tions put through before the new jear
so that they can be mnde ii matter
ot record in 1011). all veiling of stocks
on the last day of the jcar must be
for cash mid immediate delivery. To
sell the "regular way" would cam the
transaction over into 1020. since de
livery would not be made until Friday.
Such selling for cash in order to cs
tablish losses proceeded In heavj vol
ume throughout the morning, but with
out effect upon quoted allies. Pinin the
very outlet the trend was stiongly up
ward and this was sustained during the
first hour notwithstanding there uns no
supply of call money in sight until long
afler II o'clock The lcnewnl rate was
again fixed at l."i per cent, the same as
jeslenlay, hut was virtually ignored
At the opening advances of I to .'5
points were made bv the leading oils,
shippings, motor specialties and food
issues American Woolen, the spec
tacular feature of recent sessions, added
almost fi points to jesterday's sub
stantial gain, which was later extended
to more than J (I points. The early
gains, however, were substantially ex
tended in all parts of the industrial
division. Noteworthy features of
strength included Texas Co., Mexican
Petroleum, United States Rubber, (ion
eral Motors, Crucible Steel, Wnrthtng
tnn Tump. Kndicott-.Tohnson, Interna
tional Paper, American International,
American Sugar and Industrial Alcohol,
win re gross gains' langed from 2 to al
most fi points.
The railroad and tobacco shares mndo
only moderate advances, while coppers
were neglected. Some profit-taking de
veloped around midday, but the market
lost little ground.
.ludging from the manner in which
some of the Industrial specialties were
marked up the short Interest experi
enced a very uncomfortable day. Al
though no concentrated drives were
made, yet effoits to buy stocks back
encountered vigorous competitive bid
ding. This influenced a rather free cov
et lug movement, and was in main
hugely responsible for the higher level
of prices. Public interest still re
mained of small dimensions.
Tim money market followed its
recent course, call loans advancing to
20 per cent at mie'dnj. Aside fiom u
temiiornry reduction of uetivitj, the
higher rate exerted no unfavorable in
fluence Amciicim Woolen increased
its gain to MM points and steels,
equipments and specialties were con
siderably higher.
Some ot the more extensive gains
were i educed bj 2 to S points later,
when call loans again lose to 25 per
cent but otherwise advances wcic well
maintained.
YEAR ENDS WITH 'SUPPLY OF CURB
I
STRONG
MARKE
STOCKS
UMTED
Animated Bidding a Striking
Contrast to Listless Pre-
Christmas Trading
Greater Confidence in Specula
tive Situation Results in
Substantial Advances
SHORTS WERE NERVOUS
High Grade
Investment Bonds
at prices to yield
from
5y2
to over
7
Our January list oil offer
ings will no doubt contain
suggestions as may be help
ful to you in your selection.
Send for Circular L-207
E. H. Rollins & Sons
43 Exchange Place, New York
Bosfbii Philadelphia Albany
Buffalo Chicago San Francisco
New York, Dec. III. The New York
Kicmng Pun's dosing financial review
todaj su.vs:
Todnj's stock market presented si
spectacle of stiength and nnimation in
striking routinst to the dull and listless
.si ssion preceding Christmas. The bid
ding for shines was spirited at the
outset and continued so with the ex
ception of rare inteivals of suspension
through the midda peiiod. Quotations
ranged from 1 to 10 points or more
suniated January 2
Itepetition of high money rates and
increases m the Federal Iteseive redis
count lutes were powerless in the di
rection of repressive influence.
The principal factor in the broad
forward swing was the adjustment ot
piolit and loss accounts against federal
tax leturns for the calendar jear just
closing, ns was evidenced by the un
wonted volume of cash transactions.
Those who had such losses to estab
lish were not disposed to take any
ehuncis when, it was clear that dealings
111 the usual way would not be cun
sunialed until any second.
Short covering also plajed nn im
portant part on the movement for the
same leasou pel imps, although there
were numerous ionsulenition.s to be
I heeded hj those on that side of the 111111 -
ket. Theie has been so much discus
sion of the piobabilitj of a construc
tive turn after the lit -t of the jear.
Imscsl on predictions of easier nione ,
bujiug back of seciuities suciificccl in
thn iuteiest of the government tax,
coveting to realise cm paper profits and
so on, that the bears were natural!
1 endured cpiite nervous.
Then there wero dispatches fiom
Washington hinting at an eailv ad
justment of partisan differences over.
tne peace treat wlncli were given
added force b cable udvicea that the
Allies wcic to put through' the ticatj
In ,1 miliary Ii. or thciinbouts, and
that an understanding had been lcnehcd
with (icrmmij on the terms of the
piotoiol.
OFFERINGS OF COTTON
TAKEN ON REACTIONS
Liq
uidation of Near Months
Gives Those Positions Easy
Appearance
OIL GROUP LEADS TRADE
New York, Dec. SI There was a
marked falling off in the supply of
stocks on the llroad btrcet curb today,
couidcd with a more confident feeling
on the speculative situation generallv.
As a result, many stocks made sub
stantial ndvanees. with oils nenin be.
coming the most prominent.
international I'etroleum ranged from
70 to 71 and Slmms Pctinlei'ini. ulilnli
opened at OfeiA, moved up to above 70.
liite oil was btrong, advancing to
IS1... There was steadv buvinir of (lit.
lihind, which langed nbovo -11).
-Montgomery - Ward continued under
Pleasure, sellinir down In :tTa'. f.m
which it tallied to HS--).
nciicrni spnait liad the widest range,
advancing from 112 to IIS'.. North
American Pulp continued iu demand,
with sales at !"",, to 5.
1MIU.STRIAI.S
.Vrtno explosive
American Mnrc-oni .
Amil Tiro .Stores .
Car l.litht .. ..
Columbia Umerald
Clinton Wrleht VVIro .
C.eneral Asphalt
(lontral Xloturs
Havden Chemical
Hupp Motors . .
ItenUco Mfu
l.oews Inc
Mont-Ward
N'orth American I'aper
Nunnally
Overland Tire
Pel fectlon Tiro
Itepubllc Tlr Ilubber
Submarine Iloat
U s Steam
United llelall Candy .
United I'rnflt sharinc
Inlted Plot Prod
V VMadou Inc
Wajnu Coal
Weber Hellbonner
im)i:it.m)i:.t on.h
. .. in", lei
IlBll l.OW I.-lSt
1 1J 14
U's l.v, i:i'k
a 2' 2',
21 iriu i'i'4
si an1. t
:niS 3C7 n-.,
-? .' r.
ir, 144 1'.
Ill -III -II,
ai"-i ao'a ai"
3S. a- as",
,;S ,nv J.S
jii sii nii
54 I'd l
H 1'4 4',
1 1 1314 iai
3 'S 1",
IS 17H 17'
2 2' 2.
in. 15 ins
21 20 I'll
r IT. .-.
20', 20 2(l'4
NEW YORK STOCK EXCHANGE TRANSACTIONS
In
A Stock and Bond
Register
in which may be listed the se
curities held, the prices paid
and other data, is available for
your use. If you will send in
your list of holdings, our Ser
vice Department will enter
them for you and forward the
Register to you without
charge.
GEORGE H. BURR & CO.
Investment Securities
421 -Chestnut St., Philadelphia
ChJmvo
V.v York
Cleveland
Hartford
Seattle
nttsburch.
r. iouia
Han Francisco
s-ra
c OTIOV HUI.T WRATHCn c OND1TIONS
New York. Dec HI The fed low Ins tem
peratures were recorded In tlte cotton belt
this mornlnc Knoxvllle, ao, Oklahoma City
and Ausuicta, 30, Macon 10. Wilmington and
Thomasvllle, 4ft. Atlanta, Charleston. Sa
vannah and Jarkaonvllle & port hmlth
Mtlle Rock JIontBOlnerv N'anhMllo and
lainpa CO, San Antonio and Memphis G2
Meridian. 34. CVrpus c'hrletl. Vlckaburir nnd
Penacola .18, New Orleans f0, Hhreveport.
2, and Oalvcston, c,u Thcro vvaa no pre
cipitation. New York, Dec. 31. Irircs in the
cotton market were dull and steady to
day, with ofterings well taken on le
actions. Liquidation of near months gave those
positions a relatively easy appearance,
hut thcro was no decided pressure nn.v -where
in tho list.
Oflieial southern advices referred to
n holiday trade In spot cotton, and
cottonseed Helllns nt from SCO to S7."
per ton, with many districts reporting
teed of unusually poor quality.
There wero no exports. Clearances
for tho sejRon were tMIS.'l.u.lS bales
compared with 1.828,870 bales for the
corresponding period last year.
Yest Today's 11:00 1 30
t losn pon a. m. p. in.
.ian n n' n" ( iw
Mareli A. S'i S2 3-..S3
May .. si-ci 4n
July . C2.40 32 40
Oct. . .. '.80 2U 80
11 R1
31 It
32 02
ns no
34 IS
32 4T
2 30
P in.
an in
81.01
32.11)
THE TURN
OF THE TIDE
THE TIME TO DUY BONDS IS WHEN
THE PRICE IS LOW AND THE YIELD
18 HIGH. THAT TIME IS NOW.
STUDY THE EVIDENCE. SEND FOn
YOUR COPY OF "THE TURN OF THE
TIDE."
BAKER, AYLING & YOUNG
LAND TITLE BUILDING
BOSTON PHILADELPHIA
LlXfrP00' Co
Ol, Ofic. .11.-
hrestors read
iWallSlreffkiii
Cotton
Uicrnnol. rw3C. 11. There vvn n
noderato innuirvfor Knot cotton todav
with pi ices firm Jon 'he basis of an
udvauco of 158 pcns for middling, at
liil ROil. The hoIch vVrc 8000 lnen. The
receipts wern 11,00( hales, including
8000 bales American. V'l'l'e market for
futuro contracts opeuc with the near
months steady and tho Wstant positions
quiet. Spot price w.n! Ameriffan,
middling fair, tW.Scl ; fcood middling,
.12.00d: fnllv mliclllnff.:!0,7nd: mld-
dlinc, SO.nOdi low mlcWliDg. l!0.05d,
good ordiuary, 21.501". ordinary,
,!.! 11.1(1,
BANK CLEAKI
Banutc clearings today comi
responding: day last year:
inio mis
i nna. . iks.cj34.i32 noli
nalto ., 17.627.OT llolldo
XlOStoll 04 tfl.l.VUt IIOII
li T 1 1S.103,B83
Chicago .1IB.Xd2.RI3
St Ioul. 28,105,0(0
JGS
krej with cor-
1017
ay
sy "...'.'.'.'.'."!
cy .,,.,.i
y ..,
Alliance
Associated ...
Arkansas Natural Claa"
Allied Oil .
Amnl Hoyally
Harnett Oil clas . . .
Hell I'etroleum . ..
Hoona Oil
Hurknett Van Cleave .
Cm rib .SjndlcatB .
I'ltle .Serv "U" i tfs .
ilk Jljsln Pel . ...
J:nel Oil
KHmeraldi Oil .
l'eder.il Oil . .
Ullltland
cllenrock Oil
Crurfej CJillespis . . .
Home Oil
Houston Oil .
Inur l'etrel
Island Oil
lndlahoma Jlef ... .
Livingston ...
Merrlit Oil .
Metropolitan Pet
Mexican Pan .
Midwest Texas .
Morton Pet
Nor Amer Oil .
Omar Oil
vennok oil
Phillips Pet .
Prod i. Hcflners . .
Kjan Oil .
Halt Creek Prod . . .
Hequojah Oil . . ..
Hkeliy Oil . ...
Slmms Pet . .
Texan Hantrer
Tetas Co w I
Tropical Oil
Victoria Oil new .'.''
Vulcan Oil
Whlto Oil .
Whlto Uaglo .... " '
L
!'
2. 2
tin ll't
u'a 2
si .11
12' -12'i
SH s
2 2",
i U
4' 4'
111 AH't
. . 3U
. . 33'
. 31
. .150
.. 73
.. li'i
:: U
. 3
20
3.1I,
31
1.10
7i
I'-j
in,
j'i
4V
"I
12V.
H'lS
1'.
.IS
10
l'l
II '
IS
21
MIMXC.
1
AlasXa-Hrit Col
Arizona rillver .
Atlanta
Iloicher Dlildo
Ilelcher Divide Kxt
Illg Ijidfo .
Hcith
Host & Mont
Caled Mln .
Canada Cop .
Caiidclarla JI .
Cons Virginia
Cons Cop it .
Cresson Oold
Crescent MrNimara
l.ureka Croesus . .
4 AIlninK
tlolden fjate, Kp .
tlold Cons
tlold Kewana . . .
Oold Merger , ,
(iolcl .Silver Pick .
Oreat Henil . . . .
Hecla Mlnlns
Knox uitido . . ...
Ixnilslana Co . .
McN'unutra
Oold 'Alitn .
Marsh Mln
Motherjodo . . . .
National Tin . ..
Nlplsslnt;
Ttex Cons . .
Rochester Mines ..
Itone Qroun . ...
Mlver KlnB of Aril ...
B Hllver lad '.
Hurcess .Miu a
Touopuh llelmont -21
Tonrjnah Canh rto ...... n
Tonopah IJIyldo 4V4
1 onopah Uxt 2tt
'lonopan Aioniana
Tonopah Hesrue Hula . . ,
United ISastern .
Vlttorv
Wllhert
Terincton . .
IIONIH
Allied T'aclc fls
A T T 0s, 1822 . . .
Can Oovt 5s 1D2D .
Couenhaiten fiHa
I Jl T 7
ItusHian Uevt 0'4 s .
Husslaii DHs
Hwlss Oovt AH s
40
0
71
80
3
.1
I
,!"
r,7W
30
104
12J
10
J8 .
3
!'
tl's
7?s
son
4H
4S',
,2S
.a
.17 's
in,
i
n'4
ici;
2
27
in
n'
70
30
10
17
4,i
in
cm
454
78
nil?.
in
!
78
21
23
01
at
4i
a1
3
3
4
J"
I.,'
IS
29
Ml
10
12,
10
IX
10
17
(
17
fli., 1'4
77
l.i
m'
in
37
l
it
H
2 7.
.11
t'i
411
3W
314
31
1.10
"ii
II '
2'l
lVt
3
10 r
?'
81
OH
4".
40
12'H
OlI'Cj
1H
37'.
llli
VI
r,"?
4 7 i
27
in
i
n '
71
so
i,"
i.V!
3
.1
I
ri,s
.17'-
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l
in
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n
3
2S
ct
I
l-o'4
17
4
17
7
li7i
01
K2'4
7K
2.1
51
New High Price for Crude Oil
PiUsburjIi, Dec. 31 .A further ad
vanco of twenty-five cents a harrel lo
$5 a barrel was mado in the ii'leo for
Pennsylvania crude oil today, This is a
new high record.
Bales
100
'.no
200
300
1000
400
Jf 100
300
1.00
1700
000
300
ISOO
ilM
100
1800
00
00
1800
isoo
son
200
10000
200
B400
1)00
ttioo
2,500
100
200
2000
fiooo
0200
4700
14400
200
ainoo
100
KflO
3200
200
4300
00
COO
f 100
4010
7011
W0
100
1700 10
300 5
100
2S0D0 3.50
SftOO
1308
3300
1 1200
.100
26-100
100
2700
4000
82011
100
ion
700
1400
2300
4000
500
3400
1I0O
1500
300
1000
C850
500
3500
100
4000
1400
200
200
700
nooo
C100
2309
400
4000
800
400
000
J00
2200
4000
100
000
2300
COO
1000
J200
200
11 10
300
500
S10
200
xrton
1700
100
52)0
100
S 100
0501
1100
700
2010
201)
200
1000
200
3500
100
200!)
1100
COO
1700
250
5000
500
4300
1430
000
MM)
8300
000
410
3S00
inn
500
400
201)0
3001)
200
3200
300
lino
2010
3.100
5S0O
I'.OO
ISOO
100
3W
3330
323(1
100
8510
1C0
1000
2,11)
700
400
100
1300
8000
High
. .Aciams express . . . . 31
. Advance Kumely 43M
Advnnco Itumcly pf.. 7114
0 AJax Itubbcr 5
. Alaska Gold Mines... 1
Alaska Juneau O M... 2,
Mils. Chalmers ..'.,. 51(4
7Allls-Chalmcrfl pf .... 90
8 Am Aftrlo Chem 0J4
8 Am nect Sugar 95
8 Am Bosch Magneto. ..125 M
Am can . , 551,
Am Can pf 100U
Am Car St IMy 114
Am Car & Fdy pf . . . .116U
Am Cotton OH 51
Am DrugBlst Syn .... IVA
Am rjxprcs3 99
Am Hldo & Ieather. . . 28J4
7 Am Hide & Lcath pf . .119M
Am Ice 47
Am Tco pf s4
8 Am Internat Corp .. 116
3 Am Unseed 77
6 Am locomotive 10214
Am Malt & ara'n.... 429
Am Ship & Commerce. 27J4
Am Smelt & Uef 69 J,
? Am Smelt & Kef pf... 07 H
H Am Snuff 106H
3 Am Steel foundries.. 40
Am Sugar Ref 11 H
10 Am Sumatra Tobac... 98?ti
Am Tel tc Tel
5 AmTouSeotempctfs
0 Am Tobacco pf new.
. Am Woolen
Am "Woolen pref
Am Wrltlns Paper pf
Am Zinc Lend & Sm.
6 Am Zino I. & H pf . .
4 Anaconda Copper . . .
Assets Jtcillssatlon . .
Ahto Dry CJoodi
6 Associated Oil .
B Atch Top & Santa Ko
S Atch Top & S V pt .
7 Atlantic CoiiBt Line..
. 9614"
. 731,4
9714
1094
t03?4
57
IR's
. 57
. 634
. (114
. 6l4
1I0W
. 83J's
, 79
. 90',
Atlanta nirm & Alt. . 8
Atl Clulf & W I S S...170
All (Julf eLAV I S S pf. 71 JJ
Auto Sales C tern ctfs. 19
Baldwin Locomotive. .114
Balt.moro & Ohio .... 32
Baltimore & Ohio pf.. 46Vs
Barrett 133M
Bethlehem Motors ... 32J4
Belhleliem Steel 94
Bethlehem Steel II . 96J4
ueinieliem StI 8 PC 113
Booth fisheries 2
HKlyn Itaplcl TrunMt. 13
.. Bkljn UT ctfs of dop. 7 A
Ilkljn Union Can .. 63
7 Brown Shoo pf. 100
.. Brans Term & H It . 754
10 Burns Bros 11814
60 Butto Copper & Zinc. . 8?4
.. Butte & Sup Copper.. 27 !4
.. Butterlck Co 249,
. Caddo Central O & It. 20J4
C California Paeklnc ... 85
California Petroleum . 43M
2 Calumet & rlzona . 0714
10 Canadian Pacific ....132J4
5 Central Leather . ... 101
7 Central Leather pf ..10954
4 Cerro do Pa,co Cop.. 60 'A
4 Certain-teed Prod.... 58
5 Chandler Motora ....137
4 Chebapeako & Ohio .. 55(4
Chi & H I pf U T ctfs. 6
. Chicago Ot Western.. 8H
2 Chi Ot Western pf.. . 2314'
Chi Mil & St Paul ... 37 94
.. Chi Mil & St Paul pf. 53V4
7 Chi & Northwestern.. 80JJ
8 Chi Pneumatic Tool.. 10594
. Chi Ilock Isl & Pae.. 27 54
Chi It I & Pac 6 pf. C0&
Chi It I & Pao 7 pf 70 aj
Chi St P Minn &. O.. S8',4
Chi St I M & O pf.. 88
Chile fJopper 109
Chlno Copper 3S94
Cluett Peabody pf . 103
Coca-Cola 40.94
Col Oraphophono'. . . . 02
Consolidated Textile . 31
Con Te.ttllo rti '
Colorado Fuel & Iron. 4214
Colo & Southern .... 2314
Columb Gas & Klea . . ,6'
Continental Candy . . . 1394
Continental Can .... 88 14
Con Interstate Cal M. 18 J4
Consolidated Cigar ... 02
Consolidated Oas .... 81Ts
Corn Products lief.. 8594
Corn Products Uef pf 109
Crucible Steel 32!)
Cripple Creek & Cen. . . S'A
Cuban-Amer Sugar . .402
10
Cuba Cano Sugar .... 53!4
7 Cuba Cane Sugar pf . . 83
9 Delaware & Hudson ., 9314
. Denver & Hlo G pf . . . 1394
1 Domo Mines iVi
Durham Hosiery 03
3 Hlk Horn Coal 28
TJmerson-Btantlnc pf. 91
Kndlcott-John.son
7 r,ndlcott-Johnson pf
. . Erlo
Krle 1st pf
Hrlo 2d pf
8 Kamous Players-L .
. Fl'her Bcdy
. . Klsk Rubber
2 Federal Mln & Sm pf
3 Freeport Texas
3 Gaston Wms & Wig. .
6 Geneial cigar
8 General Klectrle ....
12 General Motors
C'General Motors deb.
6 Geneial Motors pf ,
4 Goodrich B 1
7 Goodrich B F pf
. Granby Consol M & S
Gray & Davis
7 Great Northern pt . .
4 Ot Northern Ore ctf
Greene Cananca Cop
. Gulf States Steel ...
5 Hartman Corp
4 Haskell S. Barker Car
7 Illinois Central
6 Inspiration Con Cop .
. Jnterbor Con Corp . .
. Inter Con; Corppf ..
Int Harvester .
7 Int llarv pf now
. Int Mer Marino .
0 Inter Mer Marine nr.i0U5&
International Nickel. . 2494
Inter Nickel pf 90
. International Paper . . 8094
( inter Paper pf stpd. 79
. iron Products Corp , . 40
. Jewel Tea 1094
7 Jewel Tcu pt 4294
Kan City Southern ... 1514
Kelsey Wheel 78
4 Kelly-Spg Tire ...rt ..114
3 Kcunecott Copper .... 29
7500 1.30 Keystone Tire & Hub. 454
3400 6 Lackawanna Steel ... h1'
300 .. Lacledo Gas of St L. . 3314
100 ., Leo Itubher ej Tiro... 3014
.145
.10394
. 13
, I9J4
. 14
. 88 '4
.131 H
. 4314
2094
3594
. 17 Vt
. 73
.17194
,313
. 8194
. 90
. 85
.102
52
4814
7814
3894
3614
80 'A
0014
6214
. 87
. con
. 394
. 1394
13214
.113
4094
Low
31
4394
7114
84
194
3
48
89
8994
94
123
64
914
138 'A
116'
4914
13
951,
37 94
11794
46
0814
116'4
77
IOII4
41
26!'
68
9714
10694
4594
138
95 34
96 H
7194
9614
155
10394
66
1794
55
0214
"4
0094
J 1094
8314
7714
88 94
s
167?s
7014
11
113
3014
4694
120
27 Ts
9114
95'4
113
12H
10 '4
014
53
100
7
11714
H14
2694
2314
19 H
83 Js
43
or.
130(4
0714
10s 14
5914
58
134
54
5
7?4
23!,
36
5114
8514
104 15
2014
5914
0914
55
88
18 T4
37
103
40 14
59 14
3014
14
41
23
03
13
87
1M4
03
81
84 !4
109
210
!'A
403
53
V394
3V4
12 U
1314
0214
20
80 14
14114
10394
1294
19!2
1314
e5!4
131
4294
26 Vt
S4
16J4
73J4
170
338
81
8994
7994
103
SI
47J,4
171',
3794
36
74 U
S0!4
00
86
5994
314
1114
131
113
4794
10894
23 H
90
7014
79
3714
16
4014
1594
78
14214
28?4
439s
8794
331-4
3614
Toddy's Not
Closs Chf s.
31 - 94
439 lk
7114 14
841
194 ..
2W W
6014 3,4
90 14
90 194
941
126H 2
55 194
160 H
14014 194
11614- 14
6094 ?4
13
094
2814 A
11094 134
4694 1
6814 f 14
11614 14
77 1,
10114 14
4314 214
2794 114
6094 1M
9714 IV
loon- 1H
4594 w
140 2
9714 194
9614 14
7214 14
96!4- 1
102141014
10394- 54
50 114
18J4 114
67 294
0314 94
0544 94
61 94
11694 114
83J4 194
7714 14
0014 294
8 14
178 394
7114- 414
19
11314 1V4
3194 t- 94
46J4-I !,
131 394
3114 14
94 494
9614 14
112 - 14
1294 14
12 114
714 94
62 3J4
100
M 94
11794 114
894 ..
2694 34
2314- 114
20J4 1
8SJ4
43 54
0714 114
1324 US
10014 2H
10914 14
6914 .
68 - 3
134 4 2
S514 194
S Ts
J's- A
22 W- 94
3714 114
63)4 2J4
86J4 114
105 4 ) 114
2694 K
5914 -- 14
0994- '
57 - I
8S - 3
19J4 14
3814 14
103 - 3
40 94 Ji
61 114
31 14
'A
1314 4 94
22 H 1,
r 114
1394
8814 114
1814- 94
63
8194 1?4
8594 194
109 14
217(4 4
rV 394
'403 - 2J5
"WJ4 tv,
S3 - 1
n j,
1314 54
13J4 ..
F3 4
20 1
01 2
14194 114
10394 14
12J4 n
1914 14
14 - c4
8714 l'i
13114 14
1314 94
2014 14
35J-4 1.
18 J4
52J4 V,
17154 Hi
.39 5
81 - Us
no 134
hi I
103 - 1
53 114
4814 r Uj
77J4 ls
3894 94 1
36 - '
8014 714 1
1)914 14
0314 214 I
nn '
0914 "4 I
394 . '
1254 1- 19,
131 14
113 4 5s
4994 14
10914 114 I
2414 V
90 - 3 I
7914 T 3J4
79 I
49 34 I
1654-
4394-1 l7l
1514 14
78 294
14314 2 I
29 'il
44 1 14 .
88 214
3314 115
3614 14 I
Sales
Dlv.
in J
High
4700 3.60 Lehigh Valley 42
200 iz Liggett & Myers Tob.zon
1600 . Loft Corp 2714
1100 12 Lorltlarcl P Tobacco... 181 14
100 .. Ixiosc-Wlles Biscuit . 67
100 .. Mackay Cos 66
200 Manato Sugar 133
2200 7 Manhattan lOlov guar, 4814
300 1.75 Manhattan Shirt .... 33
100 0 Marlln Itoekwcl! 68
Maxwell Motor 3214
Maxwell Mot ctfl ... 3194
Maxwell Mot 1st pf.. 0314
Maxwell Mot 2d pf .. 3014
May Dept Stores ....12894
Mexican Petroleum . .217
4000
1600
1700
200
.'100
9200
1200
7
10
2
Miami Copper 2194
1500 1.20 Middle States Corp
6100
1200
200
2000
900
300
3(00
1300
100
600
200
5700
700 7
100 7
1000
300 II
1200 5
200
2000 1.60
1400
2000
100
6314
61
13
72 54
6014
954
121
20
4214
Mldvalo Steel & Ord.,
Minn & St L new...,
7 Minn St P & S St M.,
M St P & S St M L L
Missouri Kan & Tex.,
. Mo Kan & Texas pf.
. Missouri Pacific
Missouri Pacitlo pf . . ,
3 Mulllns Body 48
3 Montana Power . .... 0391
3 National Acme 3754
Nat Anlllno & Chem.. 10U
7 National Biscuit ....12314
7 National Biscuit pf .114
. Nat Condu t & Cable. lJ's
l Nat L'nam & Stamp.. 80
5 National LcRd 8294
Nat It n of Mex 2d pf. 414
Nevada Con Copper. .. 15
10 New York Air Brake. .11414
3 New York Central ... 70
N V Chi St L 1st pf
400 2.50 Now York Dock
200 2.60 Now York Dock pf . .
68
4714
6014
1714
27
97
55
8014
73
4794
914
0
13814
1200
2500
300
300
000
3900
30
200
100
5500
39400
1500
8700
3700
400
100
5000
399il0
1100
500
2000
3030
3900
2500
1000
100
1600
100
18600
300
too
'600
5U00
100
200
100
1 New York Ont & W.
.. New York N II & II.,
7 Norfolk & Western . . ,
6 North American , . . ,
7 Northern racino . . ,
5 Nova Scotia S & C . ,
4 Ohio Cities Gas ....
.50 Okla Prod & Hot. . . ,
Ontario Silver Mln.,
5 Otis Klevator ,
.. Otis Steel 3814
3 Owens Bottling Mach, 65
6 Pacific! Gaa & Kleo. . . . 6814
Paclllo Tel & Tel 38
H Pan-Amer Petrol & T. 10514
.. Pan-Amer (B) 101
4 Pacific Development.. 7814
1 Pacific Mall 38
Parish & Bingham ... 4454
Penn Seaboard Steel.. 3294
3 Pennsylvania It B. ... 4054
Peoples Gas Chicago.. 3454
Peoria & Eastern .... 13
. Pere Marquette 3294
3 Philadelphia. Co 3994
.. Pierce-Arrow Motor .. 89 J
8 Pierce-Arrow Mot pf. ..10694
Pierce OH 1954
8 Pierce Oil pt 06 ,
Pittsburgh & W Va., 28 14
A Pitts & W Var pf 77
4 Pitt C C & St L 55
5 Pittsburgh Coal ot Pa. 02
I Pond Creek Coal .... 27
8 Pressed Steel Cor ... .10254
8 Pullman 11454
. Punta Alegre Sug rts.9714
3 Kay Consolidated Coo. 21 Is
8 Railway Steel Spring. 8814
4 Reading '096
3 Reading 2d pf 34J4
.. Remington Typewrit.. 8914
Remington Typo 2d pf 100
Rem Typewrit 1st pf. 10114
Rcplogle Steel 60
4 Kepuhllo Iron & Steel. 12514
0 Rep Iron & Steel pf.-lOO1
.. Republic I & S rts 214
Rep Motortruck 54
.70 Royal Dutch NY ....102 14
1414
1894
2294
23
71U
16
7
1 St Joseph Lead
.. St L San Francisco.
St I j San Fran pf..
. St L Southwest pf . .
6 Savago Anns
Saxon Motor
Seaboard Air Line .
. Seaboard Air Line pf. 1
l'Shattuck Ariz Cop ... 1114
Shell Trans Trading.. 815s
Sinclair Cinsol Oil ... 4414
0 Sloss K.i'f! S & I .... 7514
0 Southern Pacific 103
, Southern Railway .(. . 2314
5 Southern Railway pf. 5014
13 Stewart Warner Sp..l60
4 Stromberc Carb ..... 81
7 Studebakcr 110 IV
5 Stutz Motor 11654
3 Superior Steel 4914
. Tenn Cop & Chem ... Iflli
.. Texas Co 22814
.. Texas Co rts 60 94
Texas & Pacific 4194
. Third Avenue 1214
Tol St L West ctfs... 1014
0 Tobacco Products ... 1314
7 Tobacco Products pf. .10214
.. Transcontinental OIL. 3694
6Transuo & Win Steel C554
8 Union Bag & Paper . . 91
Union Oil 3014
10 Union Pacitlo 121
4 Union Paclflo pf 07 14
4 United Alloy Steel ... f3!4
7 United Drug t1
400 3.50 United Drug 1st pt.. 52SB
100 10 United Fiuit 201
Un Rv Investment.... 112
Un Ry Invest pf 2694
31)0
600
20100
500
200
2900
13700
1200
19300
200
900
3 United Retail Stores) . 0494
. U S C I P & Pdry.. . 23
5 U S C I 1 & Fdry pf . 62J4
U S Food Prod
8 U S Ind Alcohol ..
..US Realty & Imp.
8 U 3 Rubber
8 U S Rubber 1st pf..
U. S. Smelt & Ref. .
300 3.50 U S Smelt & Ref Jf ,
00900
3700
5000
nooo
900
3209
1700
4300
000
4300
190
700
600
100
100
2600
200
2200
ion
5SQ0
2800
23000
100
500
500
10100
5 U S Steol
7 U S Steel pf
C Utah Copper
7914
..11494
.. 4iy
..138
..111
. . 7554
..11714
..10794
..114
.. 77
Vanadium Corp 57
4 Va-Carollna Chom
6 Va Iron Coal &. Coke
. Wabasdi
. Wabash pf A
. . Wells Fnrgo Uxp...
. . Western Maryland . .
. . West Maryland 2d pf
. WeBtcjrn Paclflo
4 Western Paclflo pi . .
7 Western Union Tel.
C714
88
h'j
23 54
53 4
II
1714
2654
00
8'
7WestlnghoU8o A Ur .11 J
4 Westlnghouse II & M. 614
4 Westing U & M 1st pr. 05
. Wheeling & L L'rle... 13
. Wheel Sf L Kr'o pf . . . . 18 J4
4 Whlto Motor I
. Whlto Motor rls 14
1 Willys-Overland 2994
7 Willys-Overland pf .. 93
5 Wilson & Co 80
. Wisconsin Central ... 28
Worthlngton l'utim . . 9514
Today's Nt
I.OW Close Chie.
1014
206
2514
17674
07
66
132
46
33
68
29 54
3014
60
30
12514
21314
2414
63
491s
12 U
7214
50
914
J2J4
26
49
48
6314
3714
r.7
120
114
854
8594
8t
414
UH
110
68 V4
58
45
60U
17
2554
9514
64!,
78
791',
47 H
914
8's
13814
36 !4
6394
58
38
10394
99 V,
7814
3754
44
3094
40
3314
13
3014
3814
7794
1069t
isn
93
2S
77
5314
C3
20
10014
113 !
9514
2194
98
7494
3114
8894
1C0
10114
49
110 1 '8
106
154
53
10094
13U
1714
22
2254
71
14
094
14
11 !4
8014
4394
73
10214
3194
65 14
160
76J4
108
113
4814
9J4
68
40 94
11
1014
9154
10314
3514
f4'4
01
31!
12314
C7J4
X2
141
62
19814
1114
2614
9214
5314
7694
11114
41
13114
114
75H
14794
10514
113
75
55
een
7814
7a
2194
6394
10
10
t'414 '
59
87
117
'394
05
1314
18 14
G3
3 94
VR
91
"054
2514
bO
4114 1
206 4
271
17914
67-1
68 3
133 2
4814 W
33 14
683
3114 114
3114 2M
62 2Ks
39 - 1J4
12614
214 9
2191 94
6314 14
5094 IVs
12 J4 14
72 H
60'i- 14
014
1214 H
25V4 94
1214 1
48
6314 394
3754 114
0914 254
12314 n4
114 2
94 1H
8014
8254 214
414 14
15 94
11414 394
614 Vz
68 - 354
4714 214
0014 ..
16M '
2654 34
97 114
5454- "
78 - 14
7294 4 24
47 94-1 14
954 Vs
9 4 14
13894 14
3794 ) 2
Q394- 214
5S - 14
38-2
10454 1
10214
78H K14
38 f 1
44HH H
3294 1H
4056 H
3414 214
13 2
3i'4 v
399 1W
7914 114
10014 14
1914 14
93 - 2H
28 Vt 14
7 I- !4
54 94 "4
02 14
20 - Vl
10114 94
114 56 1J4
05J4 56
3154 54
981-5 54
7094 19b
3415 94
8914 2
100 - 2
10114- 94
50
123 514
100
2 94
6314 154
10214 214
1414 Vt
1894 its
2296- 114
23 - 14
71
1594 2
054- 14
H 94
1114 ..
80 96 I- 114
4394 1
7314 Us
102 94 114
224 14
5614 1V
160 20
79 5
169 114
11654 414
1894 94
1014 14
226 6
604
4194 194
1214 14
10 14 - !4
9314- V,
10214 1-4
3014 1
0554 314
91 - 3J4
3014- 96
124 154
67 14 14
314 !4
141 - 14
53
19814- !4
1114 ..
2014 114
03 56
23 14
6314
78 194
11214 I- 114
4314 154
1309s 394
FURTHER ADVANCES MADE
BY LEADING LOCAL SHARES
U. G. J. Prominent Feature, Selling Up to 55 With Quarterly
.Dividend of $1 Off
There was nnolhrr hie mnrlrel fne tlin
local Stocks todnv. nlthnueli he mnrVef
did not measure nuito up to the stantl-
nru established yesterday. The rone,
however, continued distinctly strong,
and n generally higher range of prices
was registered.
Bond dealings fell off consldcrablv,
which, vvitlt the slackening in the stock
trading, was apparently due to the com
pletion of tho "to-establish-losscs"
bales.
United Gas Improvement wnq Hie
leading feature in activity nnd strength.
There was a little short of nn urgent
demand for the stock in the early trad
ing, when tho price was advanced to
TO. Including the $1 quarterly divi
dend, which was taken off today, this
was a net advance ot ;i;,k, over yester
day's final sule, and S-lXiO from the
low-water murk of Monday. There
was also a continued good demand for
Pennsylvania Itailioad. hut with little
change in price.
Scarcity of stock wa responsible for
the shnrn advances of SS nnd SIfi in
General Asphalt common and preferred
to 118 and 180 respectively. Klcctrlc
storage unttcry was linn at 1.17,
The entire list, however, showed a
tendency to move up during the morning
when the best prices of the day were
mode. Union Traction was $1 higher
nt !)4; Westmoreland Cool and Amer
ican Gas made similar gains at 73 nnd
fin. Philadelphia Electric wVis firm at
Sl-li. while Philadelphia Traction
touched CO.
The mat ket turned dull after mid
day, but apart from the $1 decline Iri
V. G. I. to fi-l, $3, drop in American
gas prices cliewherc were generally well
siifitaitied,
The publication of the hank clearings,
for the month of. December nnd for 10111
furnished much food for thought and
gave striking testimony of the high
speed tcn-ion of the hanking machinery
during the yeoi just closing.
The total turnover of checks through
the clearing hoiie for the month wa?
.i.',ti,iiii,rioii, wnne mr me jear me
grund totul reached !f:2,0(U,ri88,0o5,
both breaking all record") in the history
of lociil banking. The gain for the
month over last jear wuh 10.02 per
cent, while for hc full twelve months
the gain over 1018 was 10.70 per cent.
Such figures speak louder than words
unci ore living pioofs of tremendous
volume of business now being done
throughout 1 lie length and breadth of
the land. They nie real and reliable
barometers of trade.
Philadelphia Stocks
Net
. Illffh !.ov Clos cliK
KiSAni fttrs. :'.! Jill'j ..-
L'l.p Am (Ins. m 41, -4(1
100 tHnnet ,1."!1 1.11 Ml
4-10 fit & O. !I2 ai '-
10 illiild h
pref ...102 102 102
10 Hrill .T G. fi." (m im
-100 t'M&8l :t" r.7 .17
:ii)oi:i .stor..i.io i.K! mo
OOOtKrie .. 12 12";', 12',
14.10 Gen Asp.ll.SVi 117 117
2(12 do pf..lS0 172 175
100 TUcn .viot
picf .. 00 110 !0 ..
200 Ihl Ck C 4,"i 4,- 4.'. . .
20 I c N a :m .in .'to . .
270 I,k S Cor 20 Vj 20 20ij Vj
1.15 I.eh N'ifv (I2i 02 i2-Vi Vj
1400 Leh Vol. 42 41 11
GOO f.Mo Kan
& Tex. !) i 0 0 Vi
1100 fMo Pac. 25 25 Vi 25VL
1C0 i Tenn SB
Steel .. .12'., ,12Vi :i2Vs ')s
2IS2 I'a B It. K:i 40',. 10 Vi
IIS I'd .Snlt. 75 75 75 2',
70 I'hila Co .10
MI2 do em pf ill
870 I'hila Ble 24"
850 1' BTtc
.WJ
:i2'j
24
27
50
1V'i
.10
I'.'Ji,
24...
27 Vj..
00 f
:i5Vi :!,
2 -,V
2 'ft
:u'.iV.
542Ki
r:ii
75 I'hila Trc 00
500 tTrnm: O
Oil ... .15 Vi :S5Vi
1000 Ton Bel. 2'i- 2
1220 Ton Mill. 2 2V
:t15 I'll Trae. :il,j :(.Tj
2IIM) V G I. 55 n.1Vj
000 UGI cash 55 V. 51
.120 fU S Stl.l()7'j 105 107'j 1
100 TUN 1 A.lllivi li:.)i JJ.ti -f-'i
500 tW't Md 11 11 11 'h
15 West (',.. 7.". 7.1 7.1 1
50 York U 8i 8'i 8', Vi
15 do pief. .11 .11 .11 ..
tNet chanfie mcO by comparison with last
cil on New York .Stock Kxihanae
13 dividend toda U O. I., ill I'ennsyl
viiiiIh Hull, tl'i.
Total snips. lH.D.'t rhiircs, compared with
.-0,113!) hhures M-stenlny Thus fur this
week. Kll.'iOJ shares Siimc period Inst
week, IT,, 270. ,
Sales in
1IOM1S
IIlKh Low
Closes
Net
.hsc.
Ill -
75
117 15
1005s
113J4-
7014
5514
C7!4
87
8'4
-I314
fi3?4
10 94-
IT2 114
2414- 14
60 114
87
117
55
05
1356 1
1S14 t2'4
314
it) 14
93
SO
20
93J-5
ii
914
14
U4
V4
14
s Ei-dlvldeiid.
Sproule to Head Southern Pacific
New York, Dec. 111. William Sproule
was elected president of the Southern
l'aciiie Railroad Co. at a meeting of
the board of dlrectois here today to
succeed .Iiilius Kriittsehnitt. who will
continue as chairman of the hoard of
directors. Mr. Spioule i signed as
president to enter government service
duiiiig the war and Mr. Krultsehiiltt
was then elec ted to take his place. Paul
Sliioup resigned as 11 director to give
a place on the bonic' to Mr. Sproule.
Col. Weller Quits Standard Oil
Baton KoiifiP, Kl.. Dec. ill. Colonel
1 . V. Weller, of New York, resigned
todu ok piesideut of the Staiidiiid Gil
Co. of Louisiana, and wus succeeded bj
1). It. Weller, of Baton Bouge, former
vico president and general manager. C.
K. Clarke, of Shrcveport, wus elected
vice president.
BAR SILVER
Commercial liar silver was quoted in
New York today nt fl..11 un ounce,
unchanged, The price, fu London was
70d, down Vtcl,
Local Reserve Bank Raises Rates
The Federal Uiserve llauk of Phila
delphia todav meieased its ellseouut
rates on all loans secured bj certificate!"
of indebtedness from 4V-j to . 1 per
cent, without regard to the interest
rato carried li tire certificates or the
length of time of the loan. The inereabo
waken a general luto of 1 per cent
on all classes of loans 0111I wipes out
the differential which formerly existed
in favor of ccrtllicatrs of indebtedness.
J CloverseecJ
Toledo. .. l.'ec 31 Cloverseed I'rlmfl.
rash. J31.IO. I'ecimher. (31.40: January.
1.11 10, Kebrusry J1 r.O, .March. 31 40.
Alslse. prime, ijcs I 133, December. .ll,
March. 31. Tlinotliy, prime, cash, 1017,
15.1)5, cash. 1918 J-.II5; eAstl. SVIU, Jll (llj
iieeeinhcr, H.0,' .Manh, JU.10, April, J0.16,
May, 10,15.
Prices Irregular on Paris Bourse
Paris, Dec, 111, Prices wero irregular
on tho Bourse today. Three per cent
rentes were quotrd at 50f 55c J exchange
on Loudon. 41 f .'Ck:; 5 per cent loau
KSf .l0ty..Th,e dollar was quoted at lOf
DO'-ic ' s j
No Change In Refined Sugars
New York, Dec. ill. The local re
fined sugur market remains unchanged.
The National Co. quoted 15,20o, Jess
2 per cent for cash, and the Warner
Co lO, less 2 per cent for cash. Other
refiners continue withdrawn, hut the
belief is that all refining interests will
be making allotments within the next
ten tlavK or two weeks.
Gold Withdrawn for Export
New Yorlt. Dec. 111. --Two hundred
thousand dollars- in gold coin has been
withdrawn from the Kubtrraxiiry for
shipment to South America. A ship
ment of $150,000 was also made to
Central America.
GOVERNMENT BONDS
racisms cou 2s. 103't
Vananid. reu Vs, IU30 , . .
Tanania, cou 2s, 1938
1'anamu ree 2s, 1D3S , . . .
Panama ccji 2, melt
Panama rr 3s. 11)01 ,
Philippine) -Is. lnal
Philippine) 4s. 1035
Phlllpplii" 4s. loan
U H lov eou 2s, 19SO
IT S Gov re 2, 1BS0 . ,.,.
U H Oov COU 4a, 1923, i
U OoV red Is, ins.-)
Uls tt Columbia 3 -J5, IP2I
, D04 IDO'i
, UUVi lODVl
, HIM! 100i
UVVa 1U0U
sst! ooji
. 8814 MS
, 112 Del
. D2 on
. D3 11(1
.101) lOOVl
,100 lOOli
iiosu looii
lojis loolj
VT
S2
nn
72V,
tmnn
1-10 Am (ins &
Klct! 5s.. S2
5 Bald Loco
1st 5s.... DO
20 C P i. J5t L 72
10 Dill So Sh 80
2.1 Wee &. Peo
Tr Is ... OlVi 00 ii OlVi 1-Ti
2Iuteih 4'js KJVs 1IJ', 10 f 'ft
1 Lk Sun inc
5s !! (Ki
! Leli A'ul gen
4s 70 Oil-!,
10 L Sciiujl 4s hOVs h0
75 Lib Bonds
.Id 4iiK.. 1)4.50 04.50 04.50 .10
100 4th I'iK. "1.80 lll.bl) 1)1. M) .14
10 Ugclen L J
1)0 -72
,..
SO ..
(!.", . .
70
SO Vs..
"i
Is 51
5 N .l-Tr 5s 07
5 N Y (,'onn
Bvvjs ... 77
10 Pressed Stl
Cur 5s . . 01 Vs
5 Pu Co Is.. 82 'j
10 do gen 5s Ol'.i
5 Ph Tr 4s 00
5 Portland Bj
S. L 5s.. 5S
1 Pec. P tc 4s 00
2 I'hila cv 5s 87
10 2-5 Ph P.lee
1st 5s,... Ml
15 Pub Serv 5s 5S
5 PP. A.W Is .S4V,
5 Bead gen .4s 80'j
7 Bead-.Ier
Ont 4s.. 70 Vi
7 So Kail deb
Is C0V6
lv un Kingdom
51
07
01 V
82 Vi
00
58
on
S7
51
07
01 Vs.
82 Vi .
niVs-
00 .
5S .
(10 .
S7 .
S7Vj 80 1
57'. 5S 1V
84 Vi 84 - ;!i
SOVi 80 Vi Vi
70 Vi
00 Vs
ii'is ....
15 Un By Inv
5s
S0 80
70 Vi Vs
00 Vs..
S0 Vi
7.1 . .
CORN FUTURES FORCED
OFF BY PROFIT-TAKING
Bears Lack Aggressiveness.
Car Situation Continues
Against Movement
OnAIN BELT WEATHER FORECAST
Chlrnso, Dee ."11 Illinois, Wisconsin.
Minnesota and Nebraska Fair and colder
tnnljnrht .and Thursday, colder tonicht. cold
wave Missouri. Iowa and Kansas Un
settled and colder, Thursday fair and
colder cold wav tonlfrht North nnd
fioutr Dakota Pair tonight and prob
ably Thursday not so cold Montana and
WyomlnR Fair tonight and Thursday,
slowly rlalnc temperature
Chicago, Dee. .11. Profit-taking and
liquidation, on the theory that the up
turn of the lust few- dnjs had eliminated
the hulk of short!! and had discounted
much that wns bullish in the situation,
forced corn futures oft" today after the
market hud gained further ground.
There- was fairly general buving by
commission houses nt the outlet and
offerings, which were light for n time,
increased on the rise ns resting orders
were cntoiiuteied. Commission houses
ngnin purchased and hears did not np
penr to he very aggressive.
The i-ar situation was against the
movement unci the Ktiropeau food
situation remained bad.
Commission houses put considerable
quantities of oats iuto the pit, the bulk
of which was supposed to be in the way
of realizing, nnd unsettled the market
nfter it had been firmer. The buying
power wns good and prices rallied from;
the bottom.
No flesh export business wns reported
in oats, but exporters took about 350,-
000 buMicls of rve.
Leading futures rnneed as follows.
Corn (new delivery) Test.
Onen Illcrh Iiw Close closs
l.Vih 4 1 .-17J, L.-lKVa 1.4JN
is-. i ?a i.tn'i i.nsft l.siti
i ;uvi i.33 fe i 31V4 i ;ui .,i
S.I 5,
7ii
Dee
Ian.
.May . . .
CJ its
May . .
July
1'orl.
Jan. . .
-Mas . . . .
I.ard
.Ian . M.iO
Mn . 4. SO
I libs
.Tan .. 10.00
Mav .in Ml)
Hid t.sl
?!'"
S2
707s
S3J,
70&
m
in nn
a7.:o
23.70
l'l. HO
18.15
111.1)0
3(1.7.-1
311 83
23 31
2t 12
ts n.-.
10.70
in.90 37.25
30.83 t37.0S
21.32
21.112
23.BT
21. 0J
in on m is
19.70 11) 85
FOREIGN EXCHANGE
New York, IJeo. III. The foreign ex
change market opened steady iu toue.
One exception wns lire, which showed
a loss of 2 to " points from the fore
casted rates. Husdness wns nominal in
extent.
Quotations were:
Demand sterling 11,75, cnbles ".7514 ;
franc cables J0.00, checks 10.02; lire
cables HI. HO, cheeks KI..TJ; Swiss cables
0.00, cheeks ."i.fi'2; guilder cables .17
cheeks H7:i : poatas cables 10..'f0;
cheeks 10.20; Stockholm cables 21.40,
checks 21.25; Christiania cables 2l.H0,
checks 20.15; Copenhagen cuhles 10,
checks 1S.S5; Pelgiun cables 10.80,
checks 10.32, marks 2.011, Austrian .02.
Howls 12Set.Xnn. romnarnl lth Tftl Sno
ycsteriln '1 hus far this week J1.CII2, 130.
tame period last week, Jl, JOO.OOO,
Changes In Partnership
A number of pnitnrrship changes in
Philadelphia bunking linns occur the
first of the jeur, several of which have
previoiislj been uniiouueed. They in
clude the following: Wjuno I'urvinnce
will he ndntittetj as a general partner
in the firm of Castairs & Co. Hubert J.
Goldman will be admitted a general
partner In the lirm of Arthur hipper
& Co, Warren A, Reed will be admitted
to partnership in the firm of Thomas A.
Middle & Co. .lunuary 1. Itichaid 13.
Norton will be admitted to paituership
in the litm of W. II. New hold's Son &.
Co., and Charles S, Oodnick has been
admitted ns a general partner into the
lirm uf II. I Kaehmaii & Co,
New York Metal Market
New Vorlt, Dec. HI, Copper Spot
and 'January , 10c, hid; February and
March, ll)c, bid. Market lirm. J,cod
All months, 7t'. hid. Market
itrong. Spelter. 1'ant St. I.ouls Ail
months, S.82"j(38.02Vic Market
stead) ,
MONEY-LENDING RATES
NEW YORK Money on cull, both
mixed collateral and all industrial col
loteial, opened today at 15 per cent
for lending urn! renewing.
The 20 per tent coll money rate
caused the time niouey ninrket to con
tinue nominal. On industrials J'i&S
ner ceut is hid for slvty to ninety days.
On mixed eiuolntions rates arc Vi1)!
ner ceut under the industrials.
Minimum discounts on prime papcri"
are 0 per ceut. There is no market of
uiiy foiiseejuencc.
PIlIIiADKMMlIA Call, 0 per cents
time, 0 per cent; commercial paper,
three to si mouths, fi'l'i per cent, unci
biv monthn, .jcgd per cent.
LONDON Money is quoted at 3
per cent. Discount rates, short bills,
per cent; tlnce months bills, 5
per cent.
NEW YORK COFFEE MARKET
New York, Dec. ,'!1, Cnbles from
llrnzil continue to he delayed. This
morning the cable of December 20 won
posted on the coffee exchange, showing
no chaugc iu the Rio and Santos spot
markets, with gains reported in San
tos futures of 50 to 200 rcis.
rirm offers arc coming through very
slowly and some lire much higher.
In the local spot market business,
while not at all uctivc, is beginning to
show Improvement. This tends to steady
v nines ou the local exchange.
Around midday values vycro close to
initial levels, but much of the business
was iu the way of switching or evening
up for over the hqllduvs.
Open jt a.n,
March Mfl.01 18.20
May . . I.VXV 13. 10
July . "lr.,nl , ,,
Heptember . . M3.39 ..... -
Hid
Executive Wanted
For growing manufacturing concern; located
Central Pennsylvania. 15 years' successful
operating ; now expanding. Rolling mill me
chanical knowledge necessary.
A 221, Ledger Office.
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