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n
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5 . My. m it ii
g OF CLOSING MARKET
EVEIttG 3UBM0 LEDGffiR-PHlEABEL"PHTAy SATIJBDAT,
V
, "'V' 't'"- 'I'tvp -"s'.r;
NEW YORK STOCK EXCHANGE TRANSACTIONS
.Week's Persistent Liquidation
Disclosed a Surprisingly Weak
Technical Position
New YeiU, Dec 11 --Ucncwccl uctik
ess of tlic rails had si (leenlcd ihiinp
frnlng Influence upon teilnV ilmini;
tock mnrket. Mwt of tin recovery
ad In Urn Inte trruliux leMcnlav mis
forfeited before tin- enil of tlie tirt hour.
nd as the session preKtciiul t he re
ctlennry trend of the frcncnil Int !"
iime mere nroneunecd mere ncrc
iR-nln henvy ofTerlng' of neurit nil the
tnllrnnd stocks. It tin ml alone Hi"
BOre speculative is-nues hi h frit the
frtlltit of the recurrent liquidation, hut
ihc pressure nIe extended te the (lix i
lend-pnyini: l.iie The npparent vul
ernlile position of the Kieup nnturnHx
lad n vcr.i unscttlltiK cfleit and iuited
ieneucd attacks in the mere Miccptl
le industrial croup The, oil ueie
fcKln sinjfled out. hut dec Ided wenhnesv
Use prepped out attain m seiii- t the
textile. sugar nnd feed .!uiie Anieri
pnn Woolen tin particuluili ett al al
(heugh the Mine might he itl of
American Sunnr Iteflnlnii
The decMnti of the Ceuit of ppeni
h the New Yerk Central rale- cue tin
pven ns the ituentlve for the henvj
lellinB of the mil, but the movement
pppcared te be simpl :i intititiiiatinii of
festerdny's onslaught, which tea tm
pernrily arrested by Midden retreat of
ihe shorts in the lut hour of the trad
ing. The familiar week-end eveninc
p operation bt ought iirfgu'ir re et
irics near the rleititr, but the inaiKtt
Remained In a hiehlt iinetthil ..tat. i
The contiiiueiiH nutcinppitu: f ite.il. I
loots exerted a ii-t in t en, ttlinc in
Buence in the week' operation, di- I
closing Mirprisini: technical wiaknes!
hi the market position While the in
have been entirel.t nverlnekid. and that
nothing was virtunllt immune from the
felling merenii'tit Althnuch net of the)
nme sweeping character n tinted in the I
preceding month, the M-lling timinient
Was nevertheless of n presreive type. I
because et the ion-taut utieetcring of'
irrieiislr itnpaiied spet ulntm- holding '
Ii is quit true development in the
temmcrcinl. itiiluttntl and tniutn !al it j
ntien cave the tentinit a d"inhd
diantacc at all time The wiiik el
many of the larger opeiater .lip ,
ppd durin: the late slump and the mnli
fry among speculator durini; the ln-t
enr were badl sinceil li i HKew i
altogether teawiuabh l uppee in.in
tt the peel leeentlj mtivi. net utilj in i
the industrial spermine, but in mum
of the rnilread lmre a well, hav.-
either dissolved without much piellt.
er are facing big lee In truth ii
Would ecm a if tli" enlin li.idmg mi
tingeut were atnn.d en the elliti .ne
and the market wa enlhel) trieiidle
One important tint Imwexer. eem t.i
many of tie feimei peeultitie faei i
ig then, mu-t I" ii hu te cemphte
Tery transaction Tin held geed ce ,
tspitc the inutiiiit i ailing of attentie.i '
te the Humid bujing power, a npait'
from tee spasmodic emering of the liei t i
interest thete eeiiied In be a leij
diminutive demand. imtwith-tniuling
ii.nny of the furmei peculMtive fner ,
ites are sellmg net enh at the lewei i
prices of 1 In- vein but in mam in i
ttances tein In il tin minimum level in t
OTer thrie ears. '
It would be ulmiKl pieiite.s te at i
tempt te recount the main influence.. ,
rentriburiiiK te tei.e ninrUet ulue te
lower level. Thete i no doubt the i
Veeher npiuei latum of the iuitv nt
the rrndjtitnient tjking place m both i
remmereial and iudtitilnl iinji i'tiuid
pe little iiiireieuinn. I'i rbeil . ;
howeier. six nietitlis nnd a miiv age
recognized th.it sin I' a 1 1 an- t imi wa
certain te mine Itut the ti iuferma
tieu ha bein -e inpid and in.., m li '
leg that it wen- sinldemie li. - nut
urall.w proieked wiieprend urn .i-ine-Jinny,
however. hi'j'ie if tin li
funk whii h rem I" pel, in ii.t
tjliarler of the ma Let nor. 1 omiIeoK
the fact that whib the iiiititite and (
purging aptilicatien pmiri. ed uipiil anj
drastic riult-. it i- cnttiin t. b-m:
the stabili7atien of in t.i.iil.it t. n
quicker lealr.nt ihan t 'In name
proeei.. hml I ' C'. i lie eh t'je intu'!
ment plan Tn - a ie "i- wc ' te
the coinmedit'. a it dm t. the i ut t
Itj market Iiieieat.. .aiuitig-.
di'ieeil dU lib nil- or up ticlecl diMili ltd '
have b.en laigi-li d -'uiit' I '" '
jear uniiiteriuptiil liipinliiting nioii nieii nioii
Bieut. Th doe net iiumii te 1 1 i.j.i- t
Uquidaiiug movement ha run ii eoiire.
r that all the weak pet Iium b.en,
cut out It doe, mean. Inn e . in;n j
any one with the pnticmi lund
fan safeh bn the highi r grin.' tei k
and ret ieii.miibh me et t'lilimg a
handsome profit fin their tenn'iiM
STREET HAILIT -IIS
l.OCAE FE-m RES
I'plwhiinp I aliilil of I', li.
T. Ticnlal.s Had trcnth-
eniiip Injltu'in'
Tin .In i f ii ii" i ' ei i'
Vphnhinig tin aliil'i "I tb. ii nt a I. ..f
the underliiiig ceinpHiin .1 'hi I'n l.i
deiphia Itapid Tiiu.-n ' w.i- li
oier'lindew hi; ii e'.. uieli' ..I te.n'
brief li al nuirki' 'I . i- iu.i ..ii.mt
pieie of iiiw leg.iniing t'i 'i nl tian
fit situation f" mid n 'lei ten i ,n n
Ingadiami of Si; in I nimi T'ieMmi t"
34, wliieh. Iiewim .i i - en ""'. in. I
with heii tnidniu l i ' tiu'. 'i
heth s mg Tin -it'ie n i - wa- n
ipnnsihli fm an pi.i''e "' )', Mint
In Philmlelphni Trin lien i" "I1, It
likewise 'or n lime b. hi; -t"i ugtln ne.1
the position of rinladi'lphi'i It en i Ti 'in
sit w ith nti e'ti-i ni iiintiitn n i' H
from whn h ii .nl ' ih ' I'd I"
ITi'j . n net I . of ' i for tin In v
Next in line in in' . loin i ' ' .i
T'nifed tin- I ruin mi im nl vvli i it -
nulte in live Imi will - i-'.uin d
Kan-a
700
.190
tee
800
toen
800
.12011
100
.tee
H.II)
t-JOtl
tee
.Mill
It!)
.fill
100
800
.1110
HUD
line
itoe
700
1. 1 II II
lien
ine
ion
inn
"fin
;oe
-Aim
una
moo
i ene
:ioe
.en
1100
1010(1
till)
1011
lemi
tun
ie
loon
ten
jeii
7110
Ien
Me
TMO
700
joe
l.'IO'l
1400
400
".en
100
400
100
.ion
MOD
400
100
400
.1011
700
.'ten
100
son
.ion
'.'Jll
MOO
4011
I SOU
lentl
toen
:iioe
100
100
tee
.'00
.'DO
..7011
11)110
toen
Ien
4 Mill
700
700
.V.'IO
700
:me
0.1'M
;ftfl
inn
.".sill
ion
.tee
Aim
ion
tit no
;,li)
'.'700
vjiq
00
.iiiiti
17m
tee
In U
rketEa
Raw Sugar MarkefEasy
e 1ml.. 1 '1 1
market 1 eiitim.e':
raws tea. hid 1 in
Iiieement .e'. ni.i
II 500 bags lei I"" .
4c, cot 'i"'' f" '."
nperater tihli ' '
tiald ltnpettiii
i s
l'i
of 4600 li.ig" l'i" nr.iiai nr.iiai
Imperter Ttw .'.il "
unchansid.
I ' ' - .Hill
- tm 1 ' il i
f..r Mi.
f'i 1 n 1 w it. n
1 t m. 1 1 r -old iii
. I", '.10. Ipiii 1
11 ' "I 'lul
I li'.. V i 111!!!'! li
' I Ml! el , ,
.1 il in 11 l.i ' I
IllKll
Adams llxpress . ... .10
.. Advance, lttimely ... 1S'
0 Athnnce Uumely pf . 49
4 AJax Rubber 37
Mtika Geld Mines , . I
. Alaska .Tuneau O M . l'i
Allied Chem ti Dye . 48
8 Am Auric Chem . . . Sfl'n
a Am Ileet Sugar SI
10 Am Uench Mairnete... fi9''4
. . Am Pan 74 t
7 Am Can pf tO'S
11 Am Car & I'dy H3J4
. Am Cotten Oil 17H
se Am DriiR Syn 7'
m Hide Se Leather. . !
7 Am Hide. & Leather pf 4134
4 Am Ice 40 Ji
Am Inferitut Cerp .. 40J.1
.1 Am t,lnsed ."94
6 Am I.ocemothe 81
. Am lladiatnr f .... "7
Am Hafetv Ha7.er.... t)'
Am Ship & Cem '2
Am Smelt & Hef .... 43
7 Am Smelt & Hef pf . 84 '4
17 Am snuff .04
3 Am Steel Foundries . ni'i
7 m SI. el I-Mya pf . . .83
7 Am Sugar Hef 80
7 Am Sugar Ref pf ...IOOJ4
le Am Sumatra Teb ... 70'',
8 Am Tel & Tel 08"
17 Am Tobacco Ill
17 Am Tobacco 11 110
I Am Tobacco pf new.. ss
7 Am Woolen 00i4
.. Am Wrlllnu I'aper pf 34!t
.. Am Zinc Lead & Smlt 0 "
4 Anaconda Copper . . fl'i
4 Asse l"rv (3oed . . 20'
l Asse Hi Heeds lt pf ti'l
0 Atch Tep & Sarta l'e hi i
ft Atch Tep &. S !' pf I . IS
: U HeflnliiK 7'. pf I0:l'4
t.is Tacli Cerp 18
7 Mlimtlc Ce.it liine 8A
. AilaniiP Fruit lOVj
10 tl Gulf & W I S S. . 108' 4,
.1 Atl (!u'f & W I 5 S pf M
Austin N'tchelaa I 'J
7 llj'llu I fe-OIMOll0 01 ?4
.. Haltlmeni .1 Ohie ... 34'.,
4 llaltimete & Ohie pf . 48
7.3(1 Hatnsiliil" Class A . . 3
8 linn, f .IO8J4
s Hat ref ' " ctfs. of UebllO
Il.rr. I- . ..( deb pf 107''2
. IJethlrliem Meters .. ?U
Hethletn 111 :iie. 1 U . .V1?4
II Hethk-lum tee! Sr, pflOI'i
. Hoetli I'lsln rles . . 4
.. Urlthn ll.ipid Transit 10
.. Itkhn H T ctfs of den '-
10 Hums FJres
. . Huit. Ceppi 1 Ulnc
. . Hutterlck
Uutte a. Superior Cen
. Cadde Central OdR
0 California Packing
10 Canadian P.ic flu
. t.'nllfertiH Petroleum.
.. Central Lralher
4 Cerre il I'.isc ) Cep .
in Chatulbr Moter
4 Ctusnpcalu & Ohie..
I'hlcage & Alten
.. Chi & Il til Cm T e'fs
chl .t 11 HI pf etf .
.. Chicago & Or. at West .i
7 Chicago &. nt West nf 18
Chicago Mil & St P. . 79 4
. Clilcape Mil & St I' pf 4034
ft Chicago Northwestern "l'i
7 Chi Netthwestern pfl0'4
Chl R I & Tac .
C Chl U I & Par E
7 fh! H I & I'.ic 7
Chile Copper ..
1 3d CI1I110 Copper
8 '"luett TVabedv ....
. Coca-Cela
:t 1 oier.uio fuel v iron :'4
. ''il i. Southern 77
s f'elumb Has & Elec .'.l'i
1 Cel Graphophene II V
7 Consolidated Oas . 70i,
7 Cen Interstate f.il M O'j
7 Continental C in te
I Continental Candy .l'i
4 Cern rrediicts Itef I!SJ
87 '4
10 3
i
r,t;
7l'i
37 ?i
;r.i,
74",
A0
8',
7?4
pf til 'a
pf 77
.. 8J4
.. I8sa
. t'.;
.. 71
'',
7 Cern rrediicts Itef pf 00
SO CemImi & Ce
K Crucible Stiel
7 Crucible Steel nf
Cuban ("nne Sugar
7 Cuban C.ine Sug.ir
7 Cuban niir Sugar
U'107 30 nihrer'
100
H'll
7(111
:'icn
71111
;te
. . 8'i
Sfl',4
. 71'i
pf 07
. 7M8
I7T-
I) II. 'iwnie Hudsen . 01' 4
I
1. 11
Hill
4 '10
10 'JO
17 'I
7 "MO
4 id
ten
71 III
17.111
1. inn
Kill
I. lull
j ten
117 'I
I Mil
l.llll
1 no
71100
1010
7.ten
tun
ene
31111
100
-.no
1 tun
100
.1)11
7.T1
I 7-1.1
1. ten
Hill
I 3111
.Via
sin
700
710'l
in
.1110
lien
rni
inn
imi
fin
liOD
Kill
ten
iii
linni
lien
Mill
(.(in
Inn
Aim
700
Del l.in I; & Wi stern
PYtuir .1- Tite (Jrande
Dun ir .t R'e Gr pf. .
Heme Mines
Illk Hern Ceal . .
r I-'nd cett -Jehnsen
7 Knil cott-JehiiKon pf . .
. . Hrle
T.rie 1st pf
llrn '.'d pf.
s Famous Players I. . .
H Famous rlavers pf
3 Flsk Rubber
Kreepert Texas .
Casmn Wins & Wig
n Ceneral Cigar
General IZlectrle . . .
. General Iliec rts.
1 Genernl Meters
it fj.tieral Meters iif
K G. 11 Metnts deb fi',
7 (If 11 Moter deb 7'
(1 Goedrich I! F
7 Great Ner'h'ni pf
4 Gteat N'erth O10 cifs.
i Green Cnnanea Cep .
. . Gulf State Ste. I
4 ll.isl.ell & Haiku- C.U
.. Iletulee ctfs
. Housten Oil
I Hupp Moter Car
1 Illinois C. ntr.il .
r.e indl.ihema Rf
4 Inspiration Cen Cep .
.. Interb Cen Cerp.
. . Intirb Cen Cerp pf.
ft Int Vtre il '" 'in pf .
7 I11 1 1 Han. ester Ce
Int M' r Marine
tt Int Mcr Marine pf .
1-tertiat Metet truck
International Nickel
Int. rn.v'enal Caper
ti h 1. r Cip. r pf s'pd
!niii !'! "il Cerp
is' tnd Oil
I. wi 1 T. .1
Il 1 1 Te.i pf
K&n C.tv Seutliern
7i
34
103,
ic-.;
it
87'.
1.1' 9
70
l.lli
07',
7.1'j
II
IS",
llfl?4
II',
70
!?.
71'.
40
70 '
701,
17 4
.-.0'i
l.-.'i
M',
10',
si:
30
i"
.?4
1094
OS
1.1' i
.-l'i
70 '
1.1'i
4 Oil,
7l'i
:ia
tl'4
10
1 e.is City Seuth pf 4.H,
Mm v Wheil Hi' 1
K. l'j-Sprliitzflelil Tire is
K. Ily .-pk T C pf 7-1
IC'iineceil Copper .. I7'j
Ki sumo T it II. . . Ii,n
I.aelaw,inti.'i Steel .. .V!'
n!i ib lias of St I. 4ln4
lik. I '.in .V Wi st II
Lake l.rii- A. We-i pf '
I.. .1 Hulibi r Tin . I'
4 . 1 . .hi." 1 1 1 '' ' 1 " 'li
I ciw
7 01,
!' 4
40H
77
I
I
4 etj,
JUHS
Mi'i
rn
it'i
70 4
171 '4
I7J4
8'.
41
401-4
ilO',4
53 14
-T8
7
0
:i
47V4
81'4
91
.17
8.1
Ml
101)
70
lis
114
ItO'a
88l8
7 'i
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01;
38i4
70',
R7
80 ?4
7.
I 01 4
17',
83
10
lflS
SVi
U?4
n.is
48
:te
108J4
103,
107'i
734
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:i?4
9?,
uvi
80 Vt
1111,
0
ti
ui
117'i
71
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s,
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IS
17
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lflh'4
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70'i
8'i
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17
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7
7 1
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70 ,
'
10
'2
14
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0734
7 If.
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87
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'8
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4.1
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a
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I'ltiludvlpliia Markets
Ted s Net
Clese nine
S1',4- J '4 I
IS' I
4W
77 I
I
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A" -fdHt
0
7l!i-
SOJ-i
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08
114
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314
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70 i
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77",
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394
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1
38
Files
000
700
700
1000
100
700
100 ft
100
I30O
tee
.100
71)11
tee
700
.100
100
7i800
900
3000 1
000
700
JOO
1100
7100
700
300
tee
350O
100
400
300
700
100
.110
4100
700
700
7000
fiflll
..0(1 7
800
lAOOil
1800
7800
300
300
8000
100
7000
100
70(1
700
.100
700
tee
000')
401
830
30.11
.10(1
300
3100
inn
800
300
AOO
700
800
7011
3100
100
700
..00
1100
700
1800
000
loe
loe
70100
300
000
loe
700
1400
4011
7000 ,'
tee
400
700
10011
nan
.1011
AOO
700
300
400
100
1000
4011
1 7110
7000
700
11300
0100
100
(ion
All
line
100
700
100
3100
.100
400
ion
1100
MI0O
I 7800
70011
3.100
.100
700
300 I
100
78JII
AO0O
300
(te
.100
l:rin
.,00
loe
1100
tee
10(10
1 .inn
100
7300
SOI)
1 .171111
700
sen
tee
sttl
J III
310
700
, HlO
Ami
1300
100
Ifliln
4110
7"0
Hill
100
ion
3.1'JII
sun
100
1,110
7.100
100
7(111(1
101)0
100
HlO
700
im
In I
.00 Lehigh Vallev
IS IilRTjett & Myera . .131
17 Liggett & Myers U 131
I Loewo Ce l7'
.. Left Cerp 10U
. Loese-Wilts Dliieiilt.. .10
75 LoesoWltes 2d pf...l0.V,4
7 Lerlllard Tobacco pf. .101
7 Louisville A Nashvlllet00!'4
. . Malllsen & Ce It R. . 11
10 Mnnatl Sugar 71 M
7 Manhattan Kiev guar 4014
7 Marlln-Parry MVS
. Math Alkali I!4
. Maxwell Moter . . 3'4
. Max Met 1st pf ct sta 3',i
17 Mexican Petroleum ..170J4
llljh Lew
Miami Copper
00 Middle States Cerp.
1AH
13
31 V4
IM,
3 ''4
18?-,
as;;
1AU
0A
87
40,
Mldvale Steel & Ord.
. . Minn & St Leuis new
Me KansaH & Texas
. . Missouri Paclfle ....
.. Missouri Pacific pf.
. . Montgomery Ward..
7 Mentana Power uf
7 N'nt An & chem pf
. . Nat A & C nf ctf .
7 National Hlscult 100
. . National Cen & Cable 3',5
n Nat lCnam & Stamp.. 19V4
0 National J.e.id 0!-a
7 National Lead pf 101 ",
. . Nat It H of Mex 2d pf '5
N'cvnda Cen Copper . 894
ONO Texas & Mex. . . SO
10 New Yerk Air Hrnke
11 New Yerk Central . . .
. New Yerk C & St I.
AO New Yerk Deck
ft New Yerk Deck nf
.. New Yerk N H & It. 18i
New Yerk Ont & W.. 17',
Norfolk & Western... 9794
Net folic & Western nt e
87!
7l'5
.14
18
1394
North American . . .10',
Northern Paclfle .... 79f4
Neva ScetU SIC . . 3S4
40 Okla Pred & Ret 3,
S Orpbeum Circuit 3AJ,
. Otla Steel 1!4
4 Pacific Devel Cerp . . IS
5 Paclfle Gas & L'lcc... 47
,. Paclfle Oil V I... I... is,
. . P.ie Tel & Tel 37",
6 Pan-Amcr Petrel "0?,
fl Pan-Amcr H 7b
4 Parish & HhiKham .. M!i
8 Pennsylvania Railroad 40 '4
, Penn Seaboard Steel . 8
, . Peeples Gas Chicago 38
.. Pcre Marquutte 10'j
. . Pere Marquette pf . 38
.. Phillips Pet 30'i
a Philadelphia Ce . 30
.. Plerce-Arrew Moter . 70';
8 Plerce-Arrew Met pf 7S
. Plerce Oil H!i
8 Plerce Oil pf 78',
.. Plttsburnh & W Va.. 37
0 Pitts & West Va pf . . 73
1 Pend Creek Ceal 139-4
8 Pressed Steel Cur.... 81 15
8 Pullman 107
a Punta Alegre Sugar . 61 '5
4 Pure Oil Ce 33
I Ray Cen Copper .... ll?4
8 Hallway Steel Spring. 81
7 Urn- Steel Spring- pf. I07'4
4 Heading s.1'5
7 Reading 1st Pf SO
7 Readlnjt - pf Si's
Remington Typewriter 30
Reple Steel 71
fl Hepublle Iren & Steel M'i
. Hepulille Motertruck . 10
.70 Royal Dutch N Y C31;
Rebert C.els & Ce . 8
7 It Rein & Ce 1st pf .. OH 4
I St Jeseph Lind. . . I7'i
.. St Leuis San Fran... 70
. St Leuis Southwest.. 74
St Leuis Southwest pf 30J,
I
Santa Cecelia Sugar
Savage, Arms
, . Saxen Moter
. . Seaboard Air Line. .
.. Seaboard Air Line pf
8 Scars-Roebuck
S"tnca Cep Cerp . .
14 Shell Transport ....
.. Sinclair OH
0 Slesa-Slicff
11 Southern Paclfle
Southern Pacific rts
Southern Hall
ft Southern Hall pf. ..
511 Standard Oil of N .1
7 Stand Oil of N" .1 pf.
7 Steel Tube Ce pf . ...
4 Stewart Warner Sp..
4 Strembcrt? Carb
7 Sludebaker
. . Submarlne Beat Cerp
2 Superior Oil Cerp. . . .
fl Superior Steel
. Tenn Cep & Chem . . .
3 Texas Ce
1 Texas & Pac C & O..
. Texas & Pacific
Tidewater Oil rts...
i Tobacco Products . . .
Transcontinental Oil .
Si 1 Tw In City R T . . .
s I'iiieu Hag A: Paper
.. Union Oil
10 1'nlen Pacific . . ..
t 1'nlen Paclfle Df...
4 Fnlted Alley Steel.
8 United Drug . . . .
IS Fnlied Fruit
United Rwy Invest .
I.'nitcd Rwv Inxest pf
3 United Hetnll Stores..
V S C I P ft Fdy
fl U S Feed Products...
8 f S Ind Alcohol
. I' S Realtv & Imp . .
8 I' S (lubber
ill'S Smelt & Rcf
6 V S Steel
7 I' S Steel pf
C Flab Copper
Flah S'O
11 Vanadium Cerp
t Va-Carolina Chem . .
a-Car Chem pf. .
4
Ll'5
.1
, 04
I'Te
00
17'i
10
71',
.71",
100.4
73-4
318
, .In
37
10.1'i
70
. 77Ji
.11
43
!) a,
13'4
43
7T,
43',
30 14
1094
M?
3094
7794
31 ?
11094
04
37
OS
100',
10
-'0! 4
SRi',
13
30 ',4
7
40 ",
fis1;
.11
NO 1 4
100 H
21
014
10",
.-!!?
113
Va, Iren Cen I i: Ceke 8S
!
i,i,l
Wabash
Wafia-li pf A
. Wabash pf U .
W. htern Maryland
West .Maryland 2d
Webtern Paclfle . . .
n Wi stern Pacific pf
1 Western L'nlen Tel.
8H
. 78
. '194
. H!5
. . IU94
pf 18'4
. 37
. . 00
f!4
V stlngheuse A Brake 0S',4
Wes'lngheiisu 'I & M.
. Wheeling & L i:
Whe. ling & L L" pf
I Whitii Muter
Whim oil Cerp
4 Wick Spcnc Steel Cerp
I Wlllys.Oerland
7 Willys-Overland Df ..
0 Wilsen fi Ce
Wisconsin Central . . .
0 Wortliiugten Pump . .
4M-.
1.1",
3.1',
Hi'4
374
33
14 58
48Ji
131
131
1094
10 '
73Ji
1 OS i
101
100
II
70(5
48
I3B
A
3 ',4
3'i
103 'A
&V
lUi
31
II ,
3 Vt
18
38
IS
9.1
87
4 8 14
100
3
48Ji
88 ',5
lel!4
SU
8H
AA
87 'i
70
S3'4
18
41
17
17
ns 94
no
A0",
7.1 V,
3.1)4
.11
3J
1 4 ''4
1.1
47
38 1. i
37J4
78'4
7394
14
10 !i
7H
37",
I A 94
38
30 ! 4
3194
301,
73
IMi
j8i
30 H
7
17', 5
COS
101
SO '4
37
'
S3'i
!07'4
8.1 H
.1.1
.1.15
no
71
1.3J4
1 8',,
'!',
s
1,1.14
1 7 U
1894
73
30
3?i
1.1
3
0'4
ll'i
OS
I7U
30S
71' 5
SO',
HS5
77 U
'.094
11' 5
10
103 '4
711
37 'i
70
43
0',4
1 3 ',4
43
794
13! 5
37",
18
10
JOi-e
894
.19
7394
31 Vi
IIS
114
31 H
IISW
in.l?i
10
70 'j
fl",
I"
1 8 '',
.1.',
40'5
!
10
70 9
100i
iie4
0IJ
3094
.13',
fl
87
8R
7"
:i
I4'J
10
17
30
1,0
.v
OS ',4
41
OH
IS! i
34 H
ls'5
37
194
30 Jj
37',
33
43,
- "? f . m . mm m m' m. I ' I"
lUUIlbMAKntl
UNDER PRESSURE
I him fir l his
tie 4 7.11 "00
4
V4
H
I
','4
1.4
Vi
Tev1Ts Net
Cleie Chite
49
131 -181
-
17! 4
10 14
.10 4
103 '4 I
101 4
10O
II 1
70J-4-
40J4
1315 4-
18 -
34-
3!4 4
103 14-
tSi-
13 -
31 -
1IH-
3 V,
18 -
r8 -is
1
OS
87
48', "
100
n',4 -
48Ii-
08 V,-
101V44
894
SB -87
i
70 -S4
I
IN -41
-17',',-17
-054-
06 -.-OI4
4
70 14 -
3I4 -3U
-35?i
-14
',4
15 47 -381-1
37J4
7 8 ; -
1
Vt
"
I
1'4
1W
A
H
H
"t
K
'A
1$
u
t'A
3
V2
'
114
y,
t;i
VA
3
i'4
V
3
Vt
3W
Vt
Vt
H
Vt
li'j
Losse3 Confined te Small Frac
tions and Without Special
Importance
New Yerk, Dec. 11. Trading en the
Ilreiad street curb was small In volume
and without special feature. Fer a time,
some stocks showed a steady tone, but,
when the late selling movement oc
curred en the stock exchange, these is
sues were nlse under pressure and the
market generally developed heuvincss.
Lesses, however, were confined te smtiU
fractions and were without special im
portance, Hercules Paper again sold el 17Mi
There was n medernte amount of busi-
nes in Tobacco Products Kxpefts nt
1 lri nnd 7. KwectH sold at ".a nnd U'.
I'nlted States Oil held firm tit KM.'
General Asphalt yielded 1 point in
the flrit hour te 30,
Ktnpirc Tube continued strong, sell
ing nt J8Ba te 11). Itritish American
Tobacco coupons Held nl l-'a. There
wits n stnull amount of limine in
Klinrn at 7"h und "',.
IMU'HTHIALS
Acme I eiil ,
Ilrll-Auier Teb reupu
Kmplre Tub . . .
(Jen Aiplmll
Hereulei Paper
lllKKtey WlitKley
Corffcllen Tire
lladie Cem
Itndle Cem nref .
Hey ile France . . .
Sweets Ce
ToPiiece Pred Kxp .
f 8 DIMrlbuthiK . .
V ) Stenm
V'nlted Profit Hliarltm
l'nlte.1 lietnll CRndy
Hlsh
I
IM,
10
37H,
1
Sti'i
, H4
1
. 8.
IMIEI'EMIKNT OILS
77 94- I "A
14 - H
10 ',8
8
38- I
10
38 -- 1
3015- 1
3494- 1 14
30H .
73
II U- '4
784- Vt
.10 94- 1?4
73 - 3
13 !i
80 96- n
101 - I
50'4- Ui
33 i- i
IMi 1 !i
83(4- !4
I03'4-I 3J-,
83 M- 3 ','4
53',- 1?4
sr.!i- 7J5
30-7
71 1 94
03?4 - 1
I8!i-
ili- 3H
8 - I
00t4- 1,4
I 3 ',4- ','4
1894- 14
7:1 - I
30 - 1
394 - '.4
i.'! 4 n
3
9i 1 !i
1 1 Ti ' !i
08 - 11;
J7'4 -. U
3094 - !i
3114- ?8
r.0H - i
OSS- I
33 - 14
:0 94- 94
Allied Oil
lloene eU
llonten Meinliis
Cirlb HMi.llcntc
Cities Sirile II
CuehltiK I'utH .
Hemiy Oil
Ktielliers Pitiel
Cedernl Oil .
lllenreck Oil
eiurtvy Ullleapk.
Hud xm Oil .
Intl I'etrnl . .
Km Ceuntv
M 11 r 1.111,1 Itef
.Muilsnd oil ..
.fexle.i Oil
N'nli'e
Oinur Oil
Hun Cena
Salt Crr-k I'n.d
Slninin I'-trel .
Hllell OH . ..
I'll Texas Oil
C H Oil
iclurlii Oil till )
ttfs.
Una.
13
31".
I
si,
A
in
t'4
-"i
l'i
- 4
13
'S'i,
10',
1
I .or. Cleie
I I
15'4 18'4
.ml, :in4
174 17'.
13 13 '
.'.' ?.A
J'4 7'1
' ?.S
70' 4 i'l't
1', ft
l)'4 81
13 1.4
1 N t
8t s''4
31'. 31 Hi
l' t'
i; IrV
7' 3'a
1' 2
70 '4 20 4
t
is', 1.1';
l'i IH
-", 7'
SI 24
14 1'4
New Yerk Bends
(SALE3 IM J10001
ISMS SENSITIVE
A Old M ev A
8 10
2... IB
A Ola M cv n
4 IB
Atb'y & S Btti
B 70'4
Atn Cot Oil ti
1 .... 76
0. ..70
Am Dk A I Bi
1 .... 07H
A Smlt R Ci
0 . .. 74
1 74
Am T T ett
1 74
0 .... 74 H
Am Tel ITli
1 77
0. .. 77
B 70n
0 .... 70S
i, ... 70'4
2 .... 77
8 77
77
Atn Tel A T Ol
3 in
2 .... 04S
10 .... 044
IB 04i
Armour A C'y
H Est 4fcs
1 .. . 74 i
f. .. . 74i
1 .... 74i
A T & f) Fe 4l
3 74
Atch Tepekn ilr'flene'l Klee B
l' IV II I. .. s
.. .. 00 Oene'l Kle 0
n nil 2 . . ine
Atch TAB t Gev't If H rets
C Zurich rets
1... . 0514
1 0BH
Cl'd Cln Ohl
St Leuli 0s
1 88S
4 .... 80
1 .... 88K
4 .. . 88
Cole Indutt B
B OStt
Ceni-d 0i 7i
1 08K
1 .... 84
1 . . 08i
Den n O fd
1... . 1
7. .. 48i
10.. .. 44
B . 11
Den IflOti
2 08
Det-Kdl Bs '10
0. .. 77
D Cansds, "20
I a se'ii
I 1.. .. 80'i
Krle Oenl Lien
8 10
0 .. . 40
nrla P. n ev A
B ae4
I'.rle II 11 CT D
10.. . neu
s .. . ae'i
1 BOH
Erie Ik n cv D
1.. .. 42U
Erie lly Ce 4s
1 M
18 . .. 00
B 00
1 00
n t a 11 n
nn reti 7
2.... 102
1.... ieih
1.... 101 '4
N Y JlT ct Bi
25 4'4
New T'lc State
niT 4'4
1 41
N T Tela 4'4i
2 7BH
6 74H
4 74V4
1 7414
N Y Tele'i Ol
80H
Klacara Kails
Power ei
fl 88
N'n Paclfle 8s
7 B4
N'n Paclfle 4s
1 7014
Kerth'n Stalei
Pivr Ce Bs
1 .... 7BJ
r. 0 t)v it 1 1
1 S3. 12
Atl Coast 1. 4" 1
1 "' ,H
2 . 7i'i ln
Atl Ceait t. 7" 4
1 101 V '
Atl c l'rult 7' I
S .00 I
1 OH '-'
h . 118
1004
tee
I00'4
100'4
1004
100S
1004
KiO'i
IOIH
8.
n
0.
I'ae
2.
4.
2
.... 76V4
.. 70M
. . . 7BT4
T it T 81
. . 81
, .. 80 h
81
r Itllen 4 '4i
te... . 68
Ira II cm lLis
I 10 70'4
Penna It 1 7
6. .. 104
2. . 11
1 .. 101
reerla n lit
I 1 B7
W Cuba 4'4i
1 n-'
Iteck Intel Ark
I.a 4',4s
t, . . 04
1 .... 034
1001, jui,e Serlce
100', O'n N J fs
M1.MMI
Alaeku Mlf
IlKFtnn i Mentnnn
I'nledenta .Mlnlme
I'anili'lnrlA Mlnlnic
"ens Vlmliilu .
i'r.iien tliiM
Kureli.i CrneeUH
Kurelti Ilulte
lieM i'eiis
HeMOi-lcl I'lerentc
Knimiv silver
llccl.i .Minim;
Knox Divide
liOUlnlitllil Ce
Nlplenll-4
Ophlr Mliei
Prince Ten
Tonepnh Divide
Tennpah Midway
t'lilleil lii!tern
I
4 'J
IS
It!
s
l'i
111
1 1.
II
II
4
I'.
A
KINDS
i U -I
1(1
103!;-
7 -3794
t
30 -43
-
U
13i4
43 '
794
43', -.18
-IS
-II
-50',-
894
39 -
7394-
31 ii
IIS -
01
33
os'-;-
I03J4
10
70 1 i
.11 !i
13 8 ', -KH-5
-40",-114
, -31
vt.
70H-
10 ni
80 94-
01;
3094-
33?i-
III -
88
8
7", -71
-14'-10
1 7 (i
3(1 -00
-3!i -
0S4
II
!H,
IS'-, -35
'
4
5?8
31 37' 4
33 -I3H
.
.
"i
l'i
9-4
!i
l!i
Vt
l'i
Ui
124
2'4
!'4
314
'
41-i
44
'. "4
I
2'.i
I'l
1
l?i
I
I
I-.
Norn hi flu
Hivie f.'j
Allied Packeia
Annrenda 7s,
Altnnltr 7s
Oan Northern '
t'einn tins 8 .
Diamond Match
Helmi t'e 7s.
Kenneeett 7s
oiile iltli it 7h
Sriiliixiril 0
Hlnelalr 7H
Milft 7a
I 'lull On .
Va-i'nr i'hent 7'
iu .
I02H
. tlO'k
hOlJ
r,:i
. im'4
. in',
ll"4
. Kin
101)1,
. til
oe'S
iit'v
. 4.-,;;
. ('.'
. se'.
. 05'.
- t
1:1
SS'
7'.
7.
S
10 ',
I,
II
HI
11
.T4
l'
It
l'i
II
tl
4
4 A
l'i
s
HO',
Sll
M
un4
S.I
HO 1 j
00 '4
lllfl'i
04
I'll
I'l'j
ir.
SO',
IU
hit1
n5.
M
13
ss'4
1
4.'
IS
11
34
l'i
III
1A
0
II
4
ift
80'4
nevi
03
ne1;
11.1
env.
100
lflO'i
04
OO'i
Sip
0J
K0',
.1.1'J
Philadelphia Stocks
HlSh I.01V
.".(I Alliance, tsa, l.S"4
70 Am Strs .411 4I
ICiOAm Ship '.t'i in..
IV! Am (ins. V!!) V.'!)
82 Am ltjs
pref .. V!0 IS
lOfAinPiwlt
pref.... S.l'i STi'i
lOOtChlnnCep 1S", 18
(II Cen Trac
x .1 . . . "i! mi
de.- 1:1 Ster.100 !l!l
lOtCen Met
Net
l'lee chge
41) . .
is 0
8T.1J
isai
:te . .
!I!H
p.ait &0I1I0 cv'O Pwltii'il retsl B..
I
24 .
t
1 '
Halt
1
Halt li Ohie (Ik,
111 . . 80
. se
II & (I Tel Is
r, .. . as
llel Tel lets 7
4 . 101 ,
r. 101",
Hi 101 'I
2 . 04
Belli Sttel fd
1.. . 77.
Hrlm Kapld T
7s ct Sta
1 .. . 37
Hush DldK 5s
3. . 734
Cal li & B let
1 ... 814
CI I Paclfle lit
8 . .. 71
5 ..71
II . . 71
I 70T,
CM I'aeltlc 04
7.. 74
Ch'k A O 4s
s'.'. ". 71
C . O cv 4'4
I .. . 71 '4
0 .. . 71S
1 71 '4
C'le lUri Ss
10 . SIN,
I . . 81H
III 81 '4
r. m
(1 . . . 81
II 81
1 83
r. .8i,
4 . SI 14
no
lOlTillHe Oft IV 4l
102 1 03'
1024 St H I Mt A R
11 & a ev 4
S 07
St l.i.ula . 3
"ran J
18 . . 03S,
4 ... !34
1.. .. 03i
2 03
1... . 03
St Luuli ti a
OS 1 ... .4 rran in
,14,111 Ccnfl 5V4i 8.. ..
1 . . . '--, 1 in
3 .. 00 'i 1 2 ....
Intbo'e M 4i 1
f.7
t.i
eiai,
,19 : 1 10:
. el-41.1 a 102'e,
na Cd 'IT unit rctil
O 3'4i !" 10
an!.. 10 . . 100V
run. Ohie 4iHn:t.' 44i
1 111 71 , 1 . . .4
1 neTt'lIud A Man M
1 iiiu 1 .. . 00
n.ilt Ohl" Si HI Central f. I
1.
1
10 BEARPRESSURE
Technical Position, However,
,uch as te Minimize Like
lihood of Big Break
3.
11.
1.
1
2B
II..
10..
10
ISViiSt I. A
Series
3
2 ..
1...
1...
9
134
12W
12 '4
12'4
121,
12'
Ifi'i
. 484
. 48'.
. 48'i
8 Finn
A
. r.8T
, t0
. BO
. 60
BO
Int .Met ct 4'.i
1 . .. 11
2 11
10 . ll'i
Intberu 11 T fcl
fl.
I
20 .
10
I
11
1
7 . .
B
12 .
1 .
J .
5
15
13
5. .
1
Inl'l
fd
12i,6t I. A 9 Fran
Serlei C
B E4i
St Paul (KC
Short li 44
4... . 02
Seab'd A 1. "J
3 SlS'i
1 .... 85
Seab'd A I. fd
SO . 40
SAN Alab'n
09 of "03
1 . . 8IUI
Ce' 11 l'aclfln t'l
454
40
45H
4Si
44
45
48
411
40
IS'.
4B4 4.
4.V-. 7.
4B4 1 10.
IBV 0...
73 "j
73 "j
73 V4
7.m
73,
45'fie'n I'aclftc 4s
. 4B74 1 03
. 43,l 10. . OO'i
A a NthlSe'n l'ac Ter'l
mi 1 10 .00
B8i,lR'n Itallws r,
Jan Oeve'l 4s , 1 Sl'a
1 . . . B0?4iThlrU Ave al
Kan ; & H 3s 4 ..'4
t. r.2v, in ., . sl't
15 02M 111 24 M.
HiLiKnn c A H 4s Union l'ac cv
Mill t . Ill'i B... 1 80
Chl 11 Q t!iniK""iO A 8 Bsifnleti l'ac 4s
1 . . SO I 0 . 71 S . . RO
c II li IJ II 31 Kan Cltv Ter'l 0 . SO
nc 11 3Va tivtm 4 ' IT . 70
4 70 I 1 OO'Unluu l'ac its
Cht II A O la's HclB'in 7'.48i 8. 004
00VI ! 0i U K of O Prt
PC .4.SKC r-nerv aii .v ru iu-1
10.
I
1
'4
14
!'e
"4
l'4
3
I'.
1 11
213i niul '.s' .. imiii iitiuc "ii 11 vcn 1 11
the teilm turn nf the ili 11I1 I 'I In 11. J ,1 -leuiiteil
Aiidi' frmn l.eliiitti -ili uu.l
1'ennsj iwinin Ilaili'ui 1 ilmnim- nilur
vise were of it smiM ahi" 1 '1 e 'I 111
market for ma. tn- i-ui - n- ilui.ui
Mrafeil in a I ,1 'h liie in A m 1
inn Itinhun- p'.fii i'i i" -ii A'ii n
friicticuiHl liiilmu m -n- i u-imlli
steni tee i.n V1.11I1 l'i 'itt. 11 unlit.
Censnhclati-il 'l'i in Hen "l Xi .lere
nil AHmiiie iiuriiine l.ehch Vin i
jalien ami I'le. trh M. unite llutlen
jnve jireuinl mi i-inal' efTetinii'
II. I lis I
1 !'
1,1.1
,1 vv HI
N 1 I
, II'
1.111
II i I.
. , l
,11 ill.l
ll'll
I eldlh.l
t li. S
,ta , im
n I'll, f
I'llhl
1 1.1111.
held J7'
li I I U"
ll Id J7
en I In
1: te
ij'l ' let'
i, 1.1 1. . .1
. .4 " l.ii-
.1 I .'.III 1 17
ll,.- f..
1- ,i,.U..,l
."..Ik'tu
,.,v l-',l
,l"l -II .1,,
111 r- . ,1'U e-r.i-. neurl,
', in.- 7" " i-U wntein evtri
'i'' il,, ilrli, slis't inferior
r fii' 1 1. nil. d nut' i.ilil.im. ul lis
. ' ' , 1 h,n 1 null n7i
''. 'l.' I, I 1,1 I..I Nt. "v 1)11.. It
" ii U l iti.,11 fljt fit.)' v
' . .1,, f nr te a.i.il. h. 1.1 j sm I
1 ' fnli. .'I 'i.'l'j, .1 1
1 f. h .".' '1 71 t.eiiulu r'i
'I n ' js -jit. -Ull. t , M '
. " .. ,1.1 ft. - "li'.i"7. Jelil.il
'"''. .,.,'' L-' "I u i- .!" 1 IH It,.
I III. Pel-l.Tltl I'.itvls t.uiei ,eavy S8,jMii
e.lfir nie.i imi sil'.'7e. ,niall and mferlei tdr(i,
-l.'li" uliit.i 1.. n.in t..iu Jlfij.li!. t,.v
'Ien- f..tu rijtll,s slot I, weLti-.Jult
niel i.i.r .nl- 1, JltH's, ordinal y. ltd
t.i'i'v 1. ivieiii .J. nni
:". tuk, i.i 1 hole, asu, .in. de I
1 'i '.'. iuiie rum r, 1.117 isc
1.. i te. , i,, , itsii :tn,. in, eni
li. r 1. 1 .1 . in. .uin. ... vimni; ir n.lr
vmrltlnu l, 11.. , nr aple-re. S.-OO' .
""-'J1'"' J& sue de old t,er ealr f.ti
MtlRhim.- (ue lbs t.nd n.T apiece. 3j37(.;
fn.-r nearnv, uelithlni; 3 Ilia hpi.w :;e sp
32c; old roosters, dry-picked ivetttern 5c.
ue. rtuuwii'rii .eiu'.ii;, iiuikr, ui-sierii,
titr.ry. .i.ttr 10c. uvi-hv w ui. rn
culneai per pair, spring, tl.ss
old. si)'j(j(V
.-10S32C1
D'J , QO,
(1 p e pf. (IV! 1.. OV!'.. (IV! ....
lOMenesTea 10 in 10 ..
J.- Kev 'I'ele S S S . .
HIOtKnn (' Ke ill 111 I!) i
fiOtKen fop. ITS 17ai l"a4-.
100 l.eh Xnv. 71 ' j VI Mi Tl'.j Oi
V!1! I.eh Vnl. 41)'.j -IS-Ji. 40U j
lOt.Midvale.. IIIU 31'4 31U..
HltX Y Air
lliake.. S.'t S.". S.'i ..
Ill Xnrtli I'n 7!l 711 711 - U
lOtl'ee Cns. .".!l II!) .'til ..
II7II I'n It K. IOas -Hi's 101h . .
M'n Salt.. 00 00 00 -f- !H
10 lIi iln Ins
Wire .. fill, ril'fj niii..
Kid Phil nice V!V! '.'V! 'Z2 ..
V!!l de pref.. V!7',s -"', 27 W -4- it
1.-i10 It T.. 10 14", l.i 1
0." I'll Trnct .ll ' .-.(H... Till', 114
70tlullmnn..1(V! 102 102 ..
JO Keailins. .S4i, SP, ,s,i, 17,,
VIIKH tin V.M pf fill ."11 ."ill 'A
lOtSe lt.i pf ."iS'.j ."8',i ."81.6...
VIOOTen llel. la 1 -j IV'..
iimi i'n Trm t :;i :iv; nv! ..
1V!04 I CI.. V-'V, ''SU.. 2i',5 1,
lOil'S Steel Nl SO W) 3
t.NVl chaniiH mad bi coniparlien 11 Ith la,t
al en N-1 Verl, rilecU Kxehance.
1'etHl f.il.s K12.1 rhure,, eetnpareU ivlih
it.', li't-' Hiiare vemeriiriy. inui mr im, n-c
11H77I elieriii.
Sali a la WINDS Xet
flOUU IllKll I.eu Cleae cIike.
.Ill iV II US ""j
r, Hell Tel 7k.101-
11 Hrnekn Hap
11 Vx
H4H. ....
101, 101 ", 4- i,
Iran is.,
1." Klec I'en
Tr Is ...
1(1 Lake Sup in
Vila
15
5:1
15
llla-f i's
5.1
15 4 2
1:
.Kill IO0
10:11,
COTTON MARKET
1. mi, , ln
'll- I lOH
roei.iiei4 :
Musi ,1'
1,1'lltl 11
S
leel
l (OHM
I S 07
I." S3
!.". li.'.
HI U'
til is
HI 1.1
1 1) 25
Open
I I 55
IS 115
1.1 Sll
HI no
HI 10
III 1-J
lllt.ll
15 1.5
15 us
15 01
HI 11
111 Jll
1 1) '.'It
13 in IS 05
13 l!J Ifi SJUiSl
15 75 15 Ml (ft S3
IS'ill III 111 (j 01
15 Hh 111 111
HI In III 051) 10
LIVESTOCK QUOTATIONS
V! I.ehiKli Vnl
nun 0s. .
1 1.1'hiKli Vel
Ceal 5s... IKI
21 Ub&M 7s.. 101',
5 2-5 Mb Isniids
L'd -i,8... S5.UK5.10S5.10
.!' 1D-20 fill His SS.tHI SS.00 SS.OO
12 1 -5 4th 41, s S5.II0 S5.S0 S5,(I0
S Vic N 4:',s. fl.i.42 ll.i HO l).,.42
I0!l
fl.'i
10.'i.,
0 1-en illnril 7 105
It Xnt l'rep
J -Us 2
I I I'hilu nice
1st 5s SI
1 V S Steel 5s lir.s
"I0I1U 117a 5.1U. ienni
.4(1
0
10
02
l(l.-i, 105 U,
S03, si .
IH rs 1)1 ;.
.1 "iiii ir.u
t, a-n 41 '7S
tin I 3.. 83
1157,'I.al.e Shere M
(i.1 S'n 4s '31
n.-.s. ' 5 81
11514'1-ehlK" 1' 41
1151;, 1.. . .-'
Chicago Il'n AI-ehlBh Vl'y 0
Onev rer 4a 2. . 08
30 0SV,iMRn K Sta 4a
Chl A Krl let' n
1 . . 704 Mln A Kt I. 4i
2 . 77 I 2 ... 43'.
Cnlcaee .Mil AlMe K A T 4i
Mtl' 4s '2.1 ! 50
70H SI" I acme la
1
70 i
1' 78'i
3 . 70
ChlciKi) Mil A
rill' cv 4H
2.. C8'i
1. . 081
Chlcaue Mil A
StP fd 4'4i
l . 58,
1 58 'A
1 5H
10 38
Chlcane Mil A
StP Km 4 'is
1... . 70".
Chlcaite A Nth
We s I'n
2 ..
1
1
C It 1 '
3 ....
C 11 I
1...
1 ..
Chl L
3
2
n
5
1
1
10
1
10
k"
r.il
51 S
51 '4
10. . 07
II K of O Itrt
A I'd 1022
10 . . 04S
3 04 4
O K of O llrt
A I'd 1020
10 ... 88
8 81 t
21 . S8".
ill .. 88",
11 . H8
5 . 80
f K of O nrt
A I'd 1037
1 . .. fiS'i
11 . 83)
V S Mexico 4s
lj
r.l'jTllltnd Iletllll
3 1 "4 1 Mterca C'n fd
BI',' 0 fll
1I':US Hubb'r 51
51'4 2 7H",
11 '4,1' S ftuli 7'-jS
32 2 07',
51', I- H Mii.lt IVB
2 52 A Mln'B 0s
Me Pac lis '05 3 00'
1 . 704tC'd S St'el 3s
Meni'a fwr 3i 10 . 01 ',1
2 . . 81 n 01 '4
1. . S 1 (tl",
1 . 81 ' 4 01 'A
102 N TuDe On 3i 4 . 01 '4
101". I BS'4 2 01 'i
101'iNew bleana ATlah Power A
A V fd Nth K'n 44,' Llirht Bs
. 05 2 73 ! 1... . 7BH
A I' 4New l'r Tex A a. . 75'4
. . 00'i Mexlee Ba iVa Itallw's Aa
,. f,0'4 1... 54 I 1. 70
Sta 4'4 N T C A II n Weat n Mrt 4s
,. 70S It It 8H1 ' 2. . . 51
Ciiltu I'epr 0s 2 07 Weat'n N Y A
10 OS'i 20.. .. (1(1 I Pa II lit
r 03iK Y Ci II n 0. 83
1 . (15V R H 4a IWet'n l'ac let
3 05Va 0 . 75', 0 S0
Chlneea flma'liK T C A 11 It.Weat'e Klec A
1I-K Ills 5s II It en 4s MfK Ce
41
City Cep'r S'i
1
1
4
4.
3
Clt
3
.1
Cltv
1
72',
11 . (ill". I
s net,
SIi'l 11 it
72 1 II 4Hs 1
72 8 . . 72',
72'4 4. .78
72 N Y O A
I'arla lis , II 11 01
1
3
II III
0.1 ,
03 'v
Tekln 3 I
45il
ll.
n
1
15
00 IW A I
01) 1
Oii'i'WIIinii Ce rv
00 I 10 R2
00 5 S2
01 '1
04 S
04
0IS
04",
. Ul",
1)4 H
04 ,
Erie Is
57
New Yerk, Dec. 11. The Evening
Sun In ltd weekly financial review today
ears :
Fer reasons rcndlly te be explained
buying power ivni feeble te 0 degree in
the securities market thin week. The
size e the short interest induced cover
ing In uneven volume. IHiyiiiK for the
investment ncceunt flitctuntcd from day
te dny. Neither source for neeiulsltlen
was entirely te be depended upon ns
constituting n bssls of btrciiRth. It wns
nlse te be noted that there were Rtlll
some sizable ncreunts liable te liquida
tion. While It pcenied true enough that
the technical position was such nti te
minimize the likelihood of a wide-open
break in values, Hie list was rather
sensitive te determined nttack In any
given quarter no was shown by the drop
of 13 jrelnts In Willys-Overland pre
ferred shares en Tuesday nnd of 18
points In l'ierce-Arrew preferred en
Wednesday. The pressure bore down
en the meter group iu the first instnnce
nnd then en the' remainder of the list,
industrial anil rallrend descriptions
nlike. The situation nppeared te re
flect mental suggestion rather than ele
ments of positive weakness.
The process of readjustment lias gene
far. but tiie steps remain te be taken
before it i-nn he completed reduction in
retail prices te conform te the reduction
in wholesale nnd manufacturers' prices
nnd the marketing of fnnn products.
The one step is slew in developing be
cause of the nremise held out b.v the
holiday trade and the ether because of
the agitation ler (arm credit legislation
in the present session of Congress. Aside
from t ie effect of betli en Hie creuu
Munitien they serve ns 11 deterrent te
business in general nnd te constructive
operations in the stock market in par
tlculer. It is assumed mat tne two mat
ters will come te n head nftcr the turn
of the enr, and it is improbable, there
fore, flint constructive influences will he
given Anything like full play for several
months- te come. (Jemmcrclal casual
ties, already en the increase, are an
ticipated for the early months of 1021
rather te the exclusion of considerations
of the real progress which lias been
made in pest-wnr reconstruction funda
mentals. This observation npplies mere
te these concerned in day-te-day devel
opments of inarkctwisc influence than
te these who study the economic situa
tion ns n whole.
While it Is nn open question whether
the decline in commodity prires lias net
been tee inpid from the point of view
of the manufacturer, the wholesaler and
the merchant, it remains true that the
consumer has net jet been brought in
diiect contact with price levels flint
make a strong nppeal te the buying in
stinct. In November, price cuts were
the heaviest since t'ebruarj last,
llrndstrcet's iiulet number ns of Decem
ber 7 wns $l!l.020.'l, representing n de
cline of 1.1 per cent from November 1 .
nnd of .14.0 per cent from February.
Wliile tliis shows the general level of
whelesnle'prlces te, be below that pre
vailing in the months preceding our
break with (lerinany, it is still 50 per
cent above thnt of August 1. 1014,
when the v.er in l'urepc broke out.
Only n small 'part of this decline has
reached the consumer, and thnt only
in certain commodities, whereas the
spectacle of the decline itself eiiceur-
uge.s the teiisiiiner te held back net only
In the hope of 11 still further decline,
but nlse until such time as the retniler
will he felieil or persuaded te meet the
Individual's icvlscd ideas of value.
In addition te anticipations of mer
cantile difficulties in the new year, then
is the element of labor wliith involves
a social nspect net wholly reassuring.
Several Instances came te hand this
week of curtailment of hours of labor
in order te postpone the inevitable wage
readjustment. It is net conducive te n
settled stnte of affairs thnt the matter
of lvuge revision should come nt a time
when the laborer still finds it necessary
te pay approximate war prices. Tln
one problem presses en the heels of the
ether ami both nre facing dcfeired solu
tion. At the same time, credit condi
tions lenve much te be desiied. The
former, the cotton grower and the ex
porters ere asking financial aid, nnd the
government has a fm midnlile program
ahead. Iletween December 15 ami .Inn
uarj 15. there are three Issues of treas
ury certificates of indebtedness, aggre
gating something ever SI. 000,000,000,
te be paid off. Twe new issues of err.
tlficntcs, tetnllng $500,000,000 were
offered this wee't, nn interesting fcntuie
being permission for subscribers te ten
der maturing certificates ut par eiul ad
justment of interest In pa; ment for the
new certificates.
This suggests further government
offerings in the nenr ftituie. since the
treasury will realize no money under
the circumstances from this transaction.
Anether interesting feature was the
maintenance of high rates of interest,
one issue bearing at 53', iter cent tn run
for six months and the ether nt 0 per
cent te run for 11 jear. These rates
suggest that easier inenej conditions arc
net te he looked for in the near future,
although it would seem probable that
some relief might he anticipated for t lie
moment following the middle of the
month, 11 brief icspite. heueiei, sluce
the end of the year obligations will be
at hand.
NEW YORK BAflK STAJifMENT
Excess Reserve Reduced .e$11,.
247,010 Moderate Centrac'
tlen In Leans
Despite the week's lienvy volume of
liquidation, loons and discounts of the
New Yerk Clearing Heuse institutions
showed only n contraction of SUIO.000
In leans and discounts. At the same
time the credit reserve nt tlie Federal
Reserve Hank showed a decrease of
.$5,(M,000, while tlie liabilities weie
increased in tlie expansion of $4,C03,
000 In demand deposits. As n result
the excess reserve wns cut 310,7.13,130.
reducing the nctttal surplus ever legai
requirements te .fl 1,2 17,1)10.
Details fellow :
AVKIIAOE
Kxccsa reaerve .
AKsTegata rexne
Leans, etc
Caen lnvaultsand
member banks .
Itciena In mem
ber banks ami
rceene banks .
Iteserie In Mate
banka and trust
cemparles . .
Keaerie In stale
batiks and trust
company deposi
tories Net demand de-
jteslls . .
Time depeslta
Circulation ....
United HtateMile
IKislts deducted
Thli Week tdit Week
(1 7,481,050 1 12,037.070
MO, 487,000 540,080,000
5,183.121,000 S,208,880,00ii
08,847,000 08,780,00c)
525.B02.0OO 521,483,000
8,005,000 0.380.00(1
8 000,000 0,208,00(1
,q,oeo.nn7,onn 4.001,400,000
261,084.000 20.1,(138,000
,11,1
nxeesa reseria
Asitreieate res .
I,eati8, etc.
Cash In vnitlts
and mem. baa.
Iteserie in mem
ber bks. and
reserve banks.
rteserin In atatn
banks nnd
trust eempanles
llciirvr In
state bks, nnd
trust cempan
depositories.
Net demand dp '
Time deposits
Circulation
I H. deposits
de-ducted ,
1,000,000
8.203,000
ACTUAL
This week
111. 247.1'HI
542.S44, 00(1
5.180,72,1,000
07.370,000
.14,887,(11111
21.480,00(1
Last wft(
I21.HRI.III0
0 18,203.000
5.187.341,0011
OO.OIO.OOfi
521.217.01)0 520,851.001
II 207,000
0.300,000
i.oia.mn.eon
25(1.1130.000
34,087.000
8 408,000
0 IB2.001
0.200, Owl
3.0ni),24S,()llil
201.S40.OOn
35.038,000
8.2SO.00O
' Wilkes-Barre
I Bend Salesman
! An excellent opportunity for
n man of experience and clicn-
I tele in Wilkes-Urtrre nnd vicin
Uy te represent an established
I Philadelphia house.
Replies will be held in strict
confidence, but must be explicit
and complete. i
H-S08, Ledger OlTlce.
BANK CLERK
EXPERIENCED
National Bank needs tlie services et
Clerk, nbeut thirty-five years of age,
te net as chief clerk : knowledge of all
desks nnd ability te supervise and
direct the work et ofllce force of
thirty required. PIctulnB personality
a crcat asset. Te such e person a
position with geed salary and opper.
tunlty Is open.
Address In confidence
UOX 11-210, IXUGEIt OFFICE
Total 110.870 000 1 ..inpared ulllt Jll .
3511.00(1 sterd.i Thus far this t-ek.
JOO. (ISO OOO i
Illalt 1.n 'l limn
Libert! 3'as . 110.111 110.00 H0.O0
Liberty ''d Is . S.V.'tO S5.10 N5.10
Llbert Ut .. SO.'J-i MI.10 MI.'JS
Liberty lid Ili s.. S5. 41 .5.10 V,.:'J
Libert 3d 4-,s.. Ss.Ol S7.n1; 87.1111
Liberty 1th 4',s. -.5.1MI S5.SI 85.S1
Vic Notes 3V. 05. 10 1)5.30 05.3U
Vic Notes .e,h. . 115. IL' H5.30 1)5.3(1
in
I'l.iiV lI"Nu
.', IH l. .f
I, ..e l.t,U 1
11 .11 -I ll-
Ht
j'. .1 . .-.
sin. 1 1
3 70e
I 1 e. . -. I .
. H 1.1 ai 1
' n' 1. 1 bv ft Hi
5.1, de 1,
irr,e,l y.1 ill
lilli.il l,
iMliei.it.it 1 ,1.
''.'r . I. iblltl 4-
kll..-d Iii II,
II .Mi... .1
m 1 a.'i
Ne Action en Keystone Tire Dividend
iv Yerk, 1'ec 11 1hm iuih of tlm
TOvHtenc Tire Ce met ves'iTdin but
no tictlen was taken en tin iluiil.-iul and
the meeting wns adjourned until Utcmn.
tier 14 The teirul.ii iii.iruil ilhlthnd
or 3 per cent en tne common stock Is
ilue at. 1 III time.
.ii -'"
1 ,,'n 1 i'
llll i I'
l'"i 1. 11(1 Turl..n. fun, v
' .lli.rMin-l r.ili 1, li, eih.-r
'Ue ,H"rii ilrj liiti-k'il. 32R
I'Rik.d, MltlSlr. fair te
Ida ,n lit tiexe f. 4h
' '. nod ei.-r apl-r 30c
" 1" u 1 li Inner It', 11 a III tt
.1 If- 2" 11 .10 fowl,, fi .,
.1 . el. It., I MFik-htni: if?-,
" 'i, , k,,l 1ir de Ire ti.tfkl
I'lleiliul lelw of r.lil ste, k
w-lHhlnc:
reastlnn
,1 ,.1 . 1 lit. j. .1 .joe
, - .i i 1 iil a,r li i,l
p ,i..t ' ' 1 ui I'M ..M-d iin.i
il. ' ,tiiu 17 h .ma H
17 11 "! ,11 K I "ie.l 1",
,I .iu .m.livi -'.".'. l.ani" hiiihir n. mii.iiy 31, t, , 27tf30,
,n , imi 1 ., 11 . .i.'ui,.-,. .- . j nt ,tti, undr '4(.l
h. 2). .1., ,11 w'i .'ll'i. IhI 111.1k. ii n dri-imrki-.l.
I ... 'I. I, . I I'" - ...". n . ,HIIU ,..!, l, nO" " 1 lll'l, ' ' 111
31 ,it, .'li de vM.ul.ltis I lbs 3111 3He de .' KlllllK
I.CITKH !' I'" ' i""''1" """ 'J" a1. i 311.1. resstlnir clicl-ns ,t
iitMtm Si, ,1.1 piirk. 'I ' 1. ..in. rj fditu e Kii-. rrn I u In bills welEhlnv 4il3 ll.. and
...rlns p.eiIn ..' -! "7 etttal lb .Mr.n r i,,, , , 31 si 32, de. uilulilliK 3' Ilia
0, 'is IJiiVI nr'- 11111. ms.iinls .1.11 apl,r. "iiff.Kii. frers. wesfrn iv. IrIiIiii;
Hi .e irialnet clt-.l. .- le f,ll 111 'I ,3 11 'il.l.i. .''!fy27' bre'lria, ',rn
-,v fur I j Be'"l H'l'ili erilila J'.blilni .ii I rtrv-plckU llelclllnR l'i W 2 lbs apiece, 41
.tsiil-,,- for lai , v unit .iii'se.', rer r. r 1,1 tnnu erniiprs ueaiern, stnan.T n'i ii'lf
-imiie 42e, brellera, marliy, welglilni;
......... n.,... ...... .. .... u. ..ru ....1 nr,n am.
ISIlDr1 I HI .... rmm .............
Quolaileitsi .farb) Ursta, 87W8UC lair
H, ft.' lb,
'apiece 1.1 W 17c: broilers neaiby. .mailer
slrei. 4:Oile, reaatlme chickens, marbr.
( llllAKO. Imc 11 - 1 A'l I'l.r. ItnHpts 1
innii Cnipar.d Uh week iiBe Hmt and Rept
bit'' hera inltle clc.nlni: nreunil eiaili .001 Ori
111. -,1111111 and Keed kllllnv li.-lf.Tn shenlPK s'n
alight sains Ir alu itoletina ), j,H fully 2.I0 'in
hisler. fat bulla dull. Ilaln 11 ml htindi eal inn
cuius mestl) II .In lower it.tv',, vieak te ' tvb
l.mnr alee kira and ffednri, aitudv I Mm
IKHIri ltervl,l stief. h'ad Melj IB, V.,rl
... ."V .." --..-.-. ,, n ,, ,n, ,,, I Oil.
'.l h.1 bulk IH mill It 75 1, In ,'-,c t a,-,,;
hlKhei. lulk iHslral.lH Im te 130 puui.tl Mas
III 3311 1."
HII13KP Itmnpls VtlOe .,n I'enuuireil
with uvek aue ,"4i lainlm and matured
wether 75e le 11 limn, ii-arllllk's II
lower fal him. l.rredliik' and fi-eilliiB atenk
atiadv
iMlridai Thus far Ibis rl ll.ll.Hl.S50
NEW YORK COFFEE MARKET
Open
ritUl.nrilll, I'n., Dc, II HDDS lle
Cflpta 30(10 had Hleud) Heavies. 10
ill 1(1 25 heavi vi 1 Jit rs and Main serk. is.
110 I151TIII 73 pica l(l '.'.Trill 50
.SlIllKP .H f.A.IIIIri ll.ielpts. .-,(11)
hind t-ieam Tup .the, p SO top Iambi.
113
I AI.VI.'.S- Uiei.pt. 100 haail Htrmljr,
Tep, (15 en,
Miin
June
Jul)
Aua
Hid
Test
Hllfh lam 1-Iei.h , Iehh
s 0.1 en h (17 s en
s lids 17 h in
S 2.1(H 27 s 211
11 .111T111 no 11 41
11 72W 11 71 11 ni
(1 02 4111 UI II SO
7 11" 41 7 III 7 "a 7 05 7 117 8 7 00 7 00
7 20 It 7 27 7 23
7 l.lgj 7 50 7 17 7.47 7 457 47 .7 42
7.H2i-il7.(la 7 5(1
7 7H .7 7Hft7 NO 7 76
7 HI V 7 03 7 se
S III
s 15
il 1.1
ll tn
Fisks Rubber Passes Dividend
Nen lerk, Dec. 1 1. Tile KlsK KUO-
liet Ce. "Itlt plantH In Clilcepee. Mass.,
teilav passed Its quarterly dividend of
76 (('nts a sharn oil common stock. The
directors announced that altheuuli the
illiltleiiil lind been mere than mrned,
tliev had decided ueneral trade and
treillt i-ejlidltlens rendered adllsablu
conseivatlen of cesh resources.
DIVIDENDS DECLARED
.National 1)11 Ce iiuhiutI) of 2 per cent en
preferred P.IM1I1I0 Junuiir) 13 tu -te( U of
record Janu.it) 1
Mon'Kemers Ward ( e quarterly of
tl 75 en preferred pit able January I te
eieclc of record Pecembr 21
Mldttest Oil i'e 2 pr ent en rointiien
and 2'a per cent en preferred, both payable
January 11 le stock of record I). cemt,r 31
Little rlclllillklll llitlrna.il seliilannu.il 2',n
per rent, patable Januar II aa renlatevd
Deeemler 17
Italian Trade Improves
1 iiHltliiRtnn, I let An Irnpieve.
ment In the feielun trade situation In
Italy Is slieivn by a stateinent of the
Itnllan finance dfpurttnent received to
day by the H-ill.in Hmli.iBsy Imports
for the first nine months of this ve.ir de.
creased 570000,000 Hie. as ce'imp.ired
with these of Die Batm. period tlie tear
liefere, tihlle exKrts Increased 1 7fi'1 .
000.01111 lln The total of Imports was
.,"i ,.vv...vvu ami tiuris 0,017.000.000
lenyliiB iiii unfavorable balance 'ami. mi
of 0,405,000.0(10 lire
Italy
Paris Bourse Irregular
I'tirla, liec 1 1 Prices moved lirecii
lntl nn the Heurse today Three tir
Sen j.W,,r BBe! c"F...nife en Mm"
4S"' 78nr Uc ' C n"r ct Ien". 85tr iOe
The dollar wan tiuetud nt 17fr 7c,
FOREIGN EXCHANGE
New Yerk, Dec. 11. With Hi. ex
ception of sterllnK. Stockholm anil Hel
Klan excliaiiKcs tlie market opened at
declines from yesterday's final flames
Oeniand sterlinp; iviih Uc lilBhei, nt 3.45
nnd cables al 3.154. Planes shaded
Blltilitly at D HGI4 for cables and 6 80 fei
cheeks. Lire lest a point te 3 00 fei
cables and 3 43 'j for checks
Other quotations were.
Swiss enbles 15.45, clierlts 15 18;
Builder rubles 3O.C0, checks 30 47 : Span
ish cables 12 OH, checks 12 90 ; Stockholm
cables 10 40, checks 19 35, Chrlstlanla
cables 14 55, ihecks 14.60; repenhnireii
cables 14 05, checks 14.00. HeIkI.vi
cables f. 20, checks 6.10 ; marks 1 3G
111 the second hour of business, ster
ling Improved i4e further te 3 41i for
demand and 3 15 . for cables Oilier ex
changes were a shade lower Kranc
cables were 5 SO, checks' 5.b5 ; lire cables
3 501.4, i-li,.el,H 3 49i,4. minks 1 35 t ,
Ilelitlan c.ibleB G JO, checks G 19
The (Vntiul Huiepenn exchanges iieic
dull and lienilnallv unchanged from tes
InrUay's llunl titeek exchange, uhlcli
esterday bieKe te 7, una quoted at 7 "11
tedny
The pietnium en New Yerk eili.ini;.
in .tienireni teunv was practically un-
cnnnReci at is 2.1-3'.' The tiiscinint en
i.iiiiuuian iuntis in .ew Yerk was un-
fiiuiiKcn 111 la', percent.
YKMTHUDAY S I'l.VAl, QL'OTATId.VS
Hlirllne Trancl Lire Cullders
uemana . . . tl 4.1"4 r, S7 8 ,11 se 43
L'Jblea 3 Itlli B.hil 3 53 3II..VJ
TejuAv a dii:xi.e QfOTATIONS
Hteilluif Kratna .r (luildera
.1 1.1 .1 Sll 3 mi, ail 47
. 3 4.15. .1 sil 3 r,e 30 en
LOHINO gl'Ol'ATIONI.
Hurling '.'mncs Lire Luildera
.'in 43
30 5.1
tJemand
Cables
Demand
(.'ablrs
3 45
3 4.1,
5 Ml
5 btt
3 51
3 .1.1
BANK CLEARINGS
llanl. ilearlnca 1eda. compared ttuh ,01.
rcspendiiiK day last tttu tears
10-0 ll'lll ion,
I'hlla. . I7.',535 71I11 1s.1n.ri ill'.' jtiT.tiusM,,
Puitun 33 300 3.111 117,045.171
Ilalle IH.tlls.dlH 17.002 7s(l '
t'hlcaae uu.hce.ii3u
N, Yerk 707,200 SI5 ,
GRAIN
PROVISIONS COTTON
Our Dally Sutler Senf en TTctjuejt
Hughes & Dier
' Chlcajrn Ilnard of Trade
..i.,. J N'w l'nrk I'mdaea Kicbanis
Memhera ,,,, Exchlu)r, ""
V l'lttibiinh Stock Eichanrt
1435 Walnut Street
.spruce SIS Philad!phl nir, isej
NO MAN
en eatth knows alt there Is te tie known
about his business
La roe oemraulrn spend thousand! of dol
lars each car for research work and ex
perts te aelve their particular buslnesi
pieblcma It pais.
Your buslnesa problems are Just at let
pertant 10 ten likewise lour future plans
Vn will nn.ilsze tour business problems ami
eelte them nccerdlnir te tha best buslnsss
experience anil Information avallable. en
tin will send toil snv particular buslnrsi
Information teu ntav dealre. The cost uf
this seitlce Is Jt.1 pi-r year SeiM us eul
Orst nitration atiund U detail and Incleie
tour check. 17 50 A six months' lerilre
fiTtlflrale nmi tour Information will reach
ten In short order Then call en ui f'"
ndile at will There are no ether ehare
All communications are, et leurie, In atrict
confidence
The li. II, llnliert Itesrnrch fSertlce.
?en i; I cxInElen HI.. Ilalllmnrr, lid
Financial Problems
A corpeiatlon delnjr a natlon natlen
iv Id" business en patented nrtl
rles, enJe Itif? iinlersnl sales, ee
sires le Issue uddltlennl capital
te ceter purchases required te
meet ncliinl denianels for Its nier
chnndlse nnd te extend Its field
Company Is en a paying bnsls
Investments secured profits
larBc no water efllcers capable
Answers te this njl must be from
financially responsible people be
fore we will ncRetlnte
Apply HeX II 231. Public l.edB r
send
stei I,
General Meters
for our special b'tter en
"20 Pnyment Plan"
Scott & Stump
Investment Securities
Stock Exchange BuildinR
I'llILAtHlLI'lHA. I"
III l.xiliiuilii' I'lure
('niitehillle. Clitimlierslitiri;,
I'eiuisyliiinlii
Nen lerk
Ciirlifle
Lawrence E. Brown & Ce.
CERTIFIED PUBLIC ACCOUNTANTS
1050 ItllAI, IJriTATH TIII'SI ..""
prcparr V. S,
iiii'.-.i ,,........
Intrallcatr mid iiillust partnenlilp. el
mriKiratlnn Hriettiili. Alse
'11 nme Tax Itettirns.
J. Jl. SAII.i:it C. 8. 1'ATTON
Sailer & Stevenson
811 AND ril"TI'NT BT8.
BONDS
Tax Free. YleldinB 4, te 8?i
WILL Ili'Y AND SEI.Ii
Grand Rapids & Indiana
Rwy. Stock & 2d 'Is, 1936
CHARLES FEARON & CO.
.1.1S Chestnut Street
LEE, IIIGGINSON & CO.
BOSTON
l.sfulillaliril IH13
HEW YORK CHICAGO
i
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