Newspaper Page Text
Harris, Forbes & Co
fiireiaaior. to
N. W. Harris & Co
New York
Pine Street, Cor- William
NEW YORK
Government
Municipal
Railroad and
Public Utility
Bonds
for
investment
Safety in Diversification
Careful bond buyer? are
diversifying their invest?
ment..
To meet this demand we
have prepared a list of five
carefully ?elected securities
comprising
I RAILROAD BOND 1 YIELDING
3P-BLIC.TILITYB0NDS-P i-%
1 MUNICIPAL BOND ?.*%*J
0<a*****SaaW '.;?'-' tmoUoS on r?'?u*eL
il
BANKLF =i
Members New _or_ Block rxch-nge
29 Broadway Ne.v Vo.-U
v*. ? offkr
$200 WO
STATE OF NEW MEXICO
6%
Coupon Bonus
$40.000 July, 191.*!
im.? '? 1914
e ?* i.i
| *' 1916
40,000 " 1917
Full Mat?? Obligation.
Legal for Non York .*-?-*?<* Pavings Banks.
i on \ppltcatlon.
W. N. COLER & CO.,
BANKLRS,
43 Cedar St., New York.
Strongly Secured Bonds
Dependable Preferred Stocks
baaaS on
Lighting and Electric
Power Properties
n> *<"t'7 /umiak dgoeiiptiam of
.? i <?}, ppaaw - mm tndamtiot
tttort m uniting *r/**c*i'.T)*
le.st suited to Otrir requirements.
WiiliamP.Bonbright&Co.
BANKhKS
It Wall Mreet. Ne*? York.
R< ?i?.n i.ooddii. Philadelphia.
\ltr_r|i\f Hetnrn
Substantial Sernrity
Possible Karl?/ Apprertatloa
We recommen? tha
t\rv ? *imulatl*,e Preferred
?aI stork of the
American Public
UtilitiBS Company
a? a timely Investment. At present market
flies yield? 7?."p. Under management of
Kelsey Bretver & Co.
WrHe for Descriptive Circular.
Williams, McConnell & Cflleman,
Bonds Stocks
fin \\ ?** -t. Phone 49.1 John. New York.
Bonds and
Guaranteed Stocks
DEALT IN
Effingham Lawrences Co.
Members New York Stock Exchange
111 Broadway, New York
Tenn. Ryn Lt ?fe Power Co.
Common & Preferred
Swartwout & Appenzellar
Member? >>w York Stock Exchange
44 Plr.e Htree*. TV*. John 1
Wm.A.Read&Co.
^vestment Bonds
31 Pine Street, New York
?"h.cago Philadelphia Boston London
Middendorf, Williams & Co.
.Member* , \rv* York Stock /
of ilfcsHl-aars stock, rvchmiffe
Investment Securities
(i I'INK ?-T.. l ;:i !.. i,i i?m\\ WSH
??? _ ?irk. Hnltimore. Mil
We Will Sell
Inter. Agri. Chem. Com
DUDLLY A. TYNG & CO.
M llr-.ad Street,
< hl<a_o. "Phone 39S3 Broad. New York.
TULAROSA COPPER
??The next big porphyry Coppermine."
Imi'Ortknt d<r?alopmailt*l both at the mine
and In Um mark?*! are due.
Write f?>r ilei,.H of ?'(?mpany's propertlei
and what th<- MW 'llroctoiat. means.
HARRY E. THOMPSON & CO.
Commission 1'rokers,
25 Broad St., NEW YORK
"PI ? Broad.
Market I.etler Thiir*?lay.
TONOPAH
GOLDFIELD
NEVADA MINING STOCKS
? ? i> I OU M K?R'"*
"TONOPAI? REVIEW"
Sixteen natta of lr.i?r_?Ui?? lnfr.rnir.tlon,
now (i?ip of Tsnopab.
m a it K hi i.rrrnis oro**, kkqi ttsrt,
WEIR BROS. & CO.
25 IIIKltll BT.. .\h\V \01!K.
MEW UNO DIGEST
Stock Market Irregular in Its
Movements?The Tariff and
the European Situation.
Following the course of the stock
market during the last week.1 nothing
Ig iialicateid but daily uncertainty. Ac?
tivity and stagnation have alternated,
and strength 3nd waskneas have
shared tn keeping traders and oheOTV
ers in a wavering position regarding
the outlook for better or for worse.
Generally it was SOOepted M ? fore?
gone conclusion that, with n f..v. :
settlement ?.f the European siination
in sight and renewed purcbsslni
Ani.-riean securities l>y foreigners, Out
market would give a QUlCk reel* OSS
and prices would soar for a time at
least. It was therefore dhtSPPOlntlBg
on Thursdity and Friday, when the
nsw's from the Balkans was so en?
couraging and when Lorni- n sraa S lib?
eral buyer of American securities, that
the New York stock mark
foreign ser.i'ment and SI Not
only did this market fail to respond,
but it repudiated foreign Influence by
selling Off. In an attempt to account
for its action the theory of a possible
money strain due to heavy Decembei
requirements was used as an sa
by market reviewers But it is flou
if tho money question bas had moro.
than ptirf-ni effect <.n the movement
of stock prices recently. The
money market has ranged between I1-..
sad 6 per oeat, whlen ecsle of pi
prevailed for most of the time during
the last month. Only ?during ?.ne \\??-k
WSg the range higher. There has been
a constant interior demand on New
York banks, due to commercial and
crop requirements, but there seems to
he no cause for apprehension regard?
ing a high flight of money rates I
v.?.re called and considerable* shilling
of loans was necessary this last week,
bul that is not unusual, as such action
lias been necessary for quite a period.
The plain interpretation seems to be
that for some reason the banks are not
encouragins a bull market, and the
pools and larger professional operators
are trading in and out in an andesvor
to make small profits rather than bring
on a vigorous bull market in an en?
deavor to get public patronage. While
little has been said of the effect of
politics on the present market, it may
be as well to consider that view as it
is now presented. Pres:dent-elecl Wil?
son has relieved all uncertainty In the
minds of the American people by coin?
ing out with a positive statement that
he will call an extra SSSBlon of Con?
gress in April to act on the tariff rj tee?
tion. He has made It plain that ih>
pledges of his party will be met, and in
consequence the country is lacing an
exact rather than a theoretical disturb?
ance, of trade conditions during next
year. It will require time to arrive at
an agreement in both houses OSTCofl
gress on a revision ol the tariff, and
the final preparation of a measure
which will be passed and signed by the
President. During this period ot tar.it
discussion the retail merchants of tins
country will hesitate about purchasing
goods, except on the hand to mouth
policy, on which the tariff is liable to
be reduced, until after the measure lias
become a law and the affected articles
have reflected the BOW order In s h
duction of prices. Manufacturons v?-ry
probably will fina* the volume or tio-.i
business curtailed, and the larger In?
dustries, which now in a measure aro
dependent on the tariff for their pres?
ent scale of prices, will feel the check
which must be given to this country s
progress for the time being. If ths
1'.-.'iiocrats act quickly and the new
order of affairs la put into execution
without tedious debate and d?d.iy, the
l.urm may be less serious, but only time
will tell that story. What th.- st.?. k
market may do in the mean time is a
guess, which also must await develop?
ments. As it is said that history re?
peats Itself, the action of the 6tock
market after the defeat of the Repub?
licans by the Democrats in 1868, when
James Buchanan, Democrat, was
elected Instead of John C. Fremont, tho
Kfepubll. an candidate, will afford some
interesting comparisons. In those days
the chief figure in stock markut move?
ments was Jacob Uttle, who really was
the first plunger in Wall Street. BpOCU?
lation was In a high slate of action
alter the election, and tho nation was
filled with a speculative fever, while
the country was supposed to be pros?
perous. The activity continued until on
December 5 of that year Jacob Little
failed, with commitments estimated at
$10,000,000 and actual losses? of $1,
OOO.OOO. The country continu.-d Its
speculative fever, however, and Wail
Street was soon In a recovered state
of speculative activity, which made
lapid progress on the bull side. On
August -\, l->.">7, the failure of the Ohio
Lite insurance and Trust Company,
which in its period was one of iiie
gigantic institutions of America,
brought a crisis in this country and
initiated the panic of 1<S"*7. The pro
perity which was generally thought t..
exist was found tu i... resting on ss
unstable basis. Horace Greeley, in Tin
Near-York Tribune, at that time, err?te:
lotero at i?***-al Nickel, torn. St. Trel.
1 ?i- l'ont l'owdrr **?-. are it?.
Amen, au l,rupliu|ibinie, Com. S I'ref.
?l.u-o\,r .Null?.nul liit.'ik
Ionrli, Nutionul Hank
( liil.ls I-,..tan. ?m -''?(?lit?" a No. k
It.,ill n > ? oiiile.i-r.l Milk. Com. a- I'rrf.
S. H. P. P?LL & CO.
Menu is .,i>v \ii!n StooS Bzchaaa
Dealers In Unlisted and Inactlvi B
T-' 7?., , ?J-7---H lim '?? -: :,7 W.o. hi.. K v,
FINANCIAL MEETINGS.
TIIOMI'SON-M'AHKi-.ri < OMI'ANY.
Notice I? hen-by jfl.fn t!iu,t Mm rag liai Annual
Mi ?tir.? of UM Oto? kl.older? of THOMPSON'
. COMPANY will be bcld at t?,?
office of tin* Company. ?1 Wall Street Hi,rough
of Maan-tttan, cuy <>f Nee fork, oft the Sad
lay of December. 1912, at n <v<:io<-k A M . f.,
tue purp-j*??" o? electing Director?, for the ?
liiK year and foi the tiatiKaction of euch Otbei
im ?b may praperlj oeeia before ti.?*
Polla ?v,!i ransla apes?o*M hour
. remata cleaa< fre?a Novem
rW 25th to th? clo ? einher ind,
1S?12. CHARLK8 H I ? lary.
X?w York. .N'nwinier 1 *-t>i. V.H2
DIVIDEND NOTICES.
omen of
rr.DKitxi. MfMNO * hmki.tino m?
32 Broadway. ,N?-j? York. Nov. Ib. 101 "J.
A dividend of on? ?n? otis-hulf ??er cent
. 1 H"V> on tho preferred ?.took of thla Cea?
ru to-day b??n deolared, pa.ve.lile De?
cember IS'.h to ?tockboldtri of record at the
cioae of buainoM on November 28rd, lltr_'.
KRANK HWKKNY, ?ecictary.
">,'.. man. no community, n?. notion COB
afford to boy ntni cope?me mure than
pro (luces for ?__*_ and K*J1**, Otk 0t
the two things we most Jo either stop
wearing so many ?silks and drinking
? y such car.iiai wines, or we most
produce them at home, or produce a
gr< at deal more withal to pay for them.
And we do not believe the producing a
great deal more of our pffMft Stahles
is a practicable alternative."
Our country to-day, however, Is
fundamentally strong, and our system
Of credits Is .mo well balanced that with
! the peiiod as it Is after several years
of liquidation no danger signals seem
to b_ flying. We can have a checking
buil?******. however, ar.d we can have a
depression In the .stock market, both of
which are not deserved, and it Is hope?!
may not follow. The future of th?.
Kalkan States Is one which not only In?
terests all Europe, but all the ctTflMOd
world, as their entering on an e-a
of practical independence will offer
economic chang'-s which will be felt
everywhere in the civilized world. In
the past the commerce of Bulgaria,
(?reece, Servia and Montenegro has
be. n of little Importance, but with a
i.ew r.ginie and the optniag of oppor?
tunities which heretofore have been
bold In check there should be a
rai-ld development of resources and In?
crease in comm?'i' i-l importance. The
H rinancing of the country will hrin?'
into the security markets of Europe,
particularly on the Continent, a new
line of investments. This li ... ? I? .ire of
trag? m?nt, provided all goer* well
' with Uj. Mttlexaent of ti.<- oontr?* i
' whl 'h h.i. . may aria.
in the final territorial divl* i and
! signmeru of rlghtl among th<
.inn the impon.,!,! .i
A translation In "The Market World
ami commerce'' of an article by Ed?
mond Thery. pobllabed in "L'Econ
i I-ur.'p.en," contains a BBMt intelligent
I review of the economic and finan? loi
] COn-OQOenoei for Europe of the Balkon
i War. (mo poragropb mktt pobllabed
I sums up the situation I
finan? loi i
' war should follow .
in the ordinary time. tb< n per*
.
. ;? . InflnlU i> I
i than the loati tun?,. at it
and beeaua? .. ....ii quaatit) ?? :?.i3
, the ( t ... Ion ?a
i a ?liiKle day of aettli menta ten,
I twent) to.i??? greatei In amount than lt?j
i inn m.-:? val .?, talc? n by It? li
I as soon a. tu? i iDOUt .omi
? .il kind, an'?
! parti? ? ? lonal
? r? ? _
dation, for in? reason that those who
h. *s It li their pot ? t m.
; m? nt ?h, a t/i" anxletu
v, pj natinai tendon? y to bold ea I
i for tie lr ??wn I.? n? lit an I I
through fear oi what to-merroe
bring (forth Bo, Il ai oounl t
th< ta? t tgi 11 ai alii ? ?
i i:an?*, of a? . rn. and
.i ?? ?
franca of 1
? la] .i??? umi at lation * In i
; In all thi
. only .-..,
r< .1 room ?
loi ?<.<1 un ; ? the .tal
ar.il in tli.
comprehend the Imn ?
trophc which ? wai breaking out bei
th. great I ropeai pro
n.r th* publie cr? nal
it doea not tmem reoaonable thai
nop? tu?.u- il -ire for lridivl.lu.il pr?t? r
tnr-nt in the settlement of the p;
QOestlon Will involve. Europe. In a dla
aetrooi .'..ir.
THE WEEK'S BUSINESS
Commercial Agency Reports
Show Continued Trade Advance.
in a summary "Don*. R<
"l:n ntlnue? to expand, uii
.?',' bed b] the Bo h ia ??? ?r with Ita grav*
E ropean c ????; and it- n n
able ?lev. loi merii ha. furolabed aew
that true national proepesity gpringa from
the soil. The dom*t**ot*_ and forelga de
maad for in.n and rteel produet. i? ?*\?-n
larger than before, with all prevlou.? :
I orris broken. Railroad porcbaate mo*
! Untie o'i an ? xtf n-l'." tend*
lug that a fiada.? n as to tip ral l?g of
nitip ad wage, la a? r el band The
ral iron ?is are inching every effort I ?
promptly tb?j trem? i tt-hl
country and al ? ? I iking
duo preparation for the re'pitnni.-ni.- "!
the future. There hi < also si. ns of | r";>
Bretton for t! >? opening of the PaaooHi
L The drygoods market, In both
eottooa and woollena, dally develop, new
activity and ftrength, and the r? tall bus?
iness, though bald b. Chech gomowhal
by the mild weath? r, now ibOW. InCM
volume an the hottday aoaeon approachca,
The ?hoe trade al 0 maintains u ataady
gala Crop ? i are all thai eouM
be deatrod end Um lateat cotton ? ******att*i
foreshadow an IttereaaiBg yield. TOO
roorement of wheat h enorrotraa. Tba
week's atatletlca all confina I
! from Individual tra.ie.s. i'ank deal
thi? week gained 1.1 per oenl arm
year and 13.3 per cent over USS, and rail?
road tarnlUgl In UM hrst week of No
vc-mber Inerea ad M per cent World*
g Ida -m.. ? . Ill BMOO) and
the Imperial Bank of Oerroany baa ad
aranced it-- diaeounl rat? from ? to n per
(???m. Emportant developroenta o itirred
in foreign exchange, with a fuither d??
cline in demand sterling to beloa I *?">, ya\
n r<**aumpt-oa ol gold imports I conald*
cred unlikely ?*rt tin?, JUOOtUre Pn . p.nlty
i has expanded Importa The great rolume
of exports la maintained; at New York
for the let? ?' ?. ? ab ii.. ax porta
I .',:<', i.? Ing ? "i. Id? ? ibly larger than
in the two ;?:?<? i . while Imi
v., i? ? ? .?*.,ri. th? gain -?v. r th?
?
?n Um fs "
Bradatreet'a is equally optimistic, as is
shown hy the foil..win?-:
"Activity is ana bated, Practically all
a Ten wai of trad? are buay, and th? ;
election period haa appareatl) wltn?
an Inofooaed rather than a decreased vol?
ume of bu In.
repoi ' i ? ' ? ? i't of iai g< mall ?
i while at boom n. it k?-4 m i? i -..i
lhava operated Quite Creel] Buying tot
next aprlng La axpandlng, induatrwl
ati'.ns are us a. tiv. as h? ?? loloi.-, rallwir.
tonnage I? of large proportion, good,
not <?\ arpl? util ? : >. nolle? 11
an Improvu | old debt, ara bi Ing
dated, retail tradi 1. enlai [Ing, >p<
In ?? -tioiis when loa temperature, have
prevailed; holiday bust m , i gro
the railway, continue t?> buy materi
volume, .?i d, ? ??> ? pi In . .? \> IIn< of lex
Ulea whera tarif! talk ;.- In evidence, optl
? ?
cant that Immediate bt ption
ally good and that buyer. Lnalal
prompt dellverlee, which tend, to mi
.?-:_?? the facl thai ? on impti. n la
heavy. Of courae, ataplc line, i mtinu? in
moal acttare d< n and lb? Ual ol goo?
covering <i w We rang? Drygtx
flour, -????'.. ?? othlng, furnlti i
ware, home t l| ni-:.:i
are IB the Ion fi Hit its regard. I
Wool ia lei but belated tu
which La ol th? si all loi
a tab aggregate full prices having had
to be paid by tboa? ? t concea- \
atona would ba mad. aftei ele? Hon. Lum- '
ber continu? s In ?si.lall] ? m?l. I
und a.lvlccs received fr?,m weotern VVaah?
Indli ata t hat _a tern mu :
urer? of railway car. hav?
7.,?J?J?'.<)(J? feet."
Executor
Trasteo
Chartered 1822
The Farmers' Loan and Trust Company,
Nor. 16,18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue,
New York.
LOl-TDON 26 Old Broad ftttft, EG? '
Traveler*.' Letters of Credit. Foreign Exchange.
Administrator Guardian
Following is ths ua_al table givina the number of ?harea of all atocka dealt
In last week, together with the highest, lowest and final prices of the woek.the
net change? of the week, and the high and low priese in the year 1912, with the
high and low prices in the year 1911:______
I lUuge llit_. i Kan.e Ml.
'Hlan-i i>?w-|lliga-| ?-'*"
eat. ( eat. I ml.
No. | , |
?Sarea i Die. i IjIv.i
Hal- '
8101 13
910]
174,1 'i I
-
1, i ? ? I
-
?
?
-
I
:
| guotatlon record, |
| ??'.'.. end. Nov. M,'12 I Net
High. , _ow. iC'loaa. I change.
7.-7. Adama Ex-M-Ma..._.. | 164% | ltJ4\) I*?*? i
-10',
lAllla Chain So* pit-1
j 7.0&IAu.ai Copper .,
. .-...i A^r 11.? ???? al i
i '... i.(,ai.i Beet .* igsi. ?. ?
i ij.;.?! oo -.i 1.11
I 6.641 A*S l.I-A? ? _ F.
'?Alt
-
[amailian Can .' ?* ? '?( 8.s4|
I toj ... 1-- ? I 1.1 i
;: 33 Am Car a
, ? . i. ri - ! ... .!- i U84 ,
? . ri.an i'.:i? ? II . Mil,
7 ? j . i.
7.4? Am CSSl 1'r. .-it...
? i Am CottSS m.
? .Am ?Jda _ 1.
? I do protmrri .1.
? Aiii I.. .-?-,.ui ill*.. .
? |?il .
? l .lu preter? ad.
, Ai.i U< oii.utr.e . ...
$.6?i d,< prt-ierred.
i Aii.-rl _n Matt .
I ? .?:er?. 1.
.. Itlng.
I :-?? do preferrul .
po preferred B_
il M.jff _
. . Steel i'??.:i.ir>-..
-. .i,ii-ri,.iii Buaar....
.
i 7.17, Am I ?-i m > able....
I
I 3.70,Am Tob?ceo .
... I . : ? I
I
?I.
\\iit Paper pr
at tV Or ft ,
t.St . -H'*.,
S.SSIAaa?ta !:? aii_;itlon..i 12.4 I
A
8.67 ai, hlaon .
.-, | .. Icrred. 11 i
r. . ; ah ??, i?t r.'nn. ? .
8.61 Baldwin Leco . 51 ?
? 'erred _ ? ? .
*
1.100 7
i -? S
I
;
'
- ?
?
,
I
.',
I
?
. ?i
.
I
'
?
100
II
.
loo
I
.
?so
8 -? I
? ?i
1
7
.
1
7
100 7
7
I
4
21
:ti aoo
12.2O0 40
1.700 7
8,300 ?
4
.?
?
IO0 7
1,000 ?
4 I". .1
?_?-,, 7
,,. .i
? .-.m
.',. *-'... ,'i
ii.i
2.04*0 I
?
????II .'.
loo
100
??.?!
100
."
?
Il.
:: im.
n . n
'
I I Hl
ion
r. '??.
2. .VIO
i'?.
mm
l ?! .
b >,4 Haltlim.ro _ ('1,1o - ?
4 ? " ' :
Baumlaa . i ?
...| 444
:
t.tt h Co. ..
H.bl, ?? :
.:.:..?lt.
? . ?...?.
: ?. .
I ' n ?? : let Ce.
Calif i ?trola: im_
. .
: 71 ? lile_
I l-, ? ?nu .1 of N J.
? ti irai leather ...
7 ,i. on j ral
>, IC ? ' I Ohio.
Cfcle 9 '?t WMtfrn.
- l.
4 k Paul
t.-, if. f, rr?-<1 ....
? w?at .
V A -. ....
I a Trae, atfa
?
' ./'Ulf...
:
4 41 ? .:. BaflS ?V Cl**i pr.
ruai O II
?
< :.?t?d ??a*...
ta .
. at.....
?
????-,
I.?2,ix Warnt. ? - - ..
Deever S Rio O.. I U% -''V
I d . prrfti-. 1
? < irltl?.
'
l - |
I .'.;-?'? ir-J
r? tra M ? B.
? i
Ir-ntral r?emlral...
'4 ????:. } h
....
1
.
?
I Mltnnfr ...
f..06i... : r.
?.?ala . EEzpi
4
I ..titrai.
'
">tro _
i ? :
4 || ii,- rnaf Ha? ? ? ter,
!.
:? er ....
8.70? du pref*ir?.-l .
- |lnt.-rnat: l il run-,
, ? . ' I .
? Ce pr.
. 'olio. K-1'...-r Co...
?, 44 : '
I mth..
? r.,' | ? red..
k."?; i- i I hl pr
? [If ree| ....
? liai' kar.am,a Iteel.
6.ai I-Ailedc Oaa
i ake im- ,\ \\- tr
5.74 (Lai i-h Valley R it.
.k-K-tt 9 M Tob...
t; ,011 do praterrad.
Long latead .
? I??,*- \\ II. ? Bl-rult
i 7." as i?t preferred.,
7 71' .:., 2\ ?r. ferred,..
4 ,* Loulsv 4 Nasbe..,.
' ' ., kav Compaalas.
? * de prefemd.
1 >v....
il. r .n.- Ha M.irlne..
,| , pi'-f.-rnd . ...
4.r>', Maxlean Petroieais,
? irrfl i ton i 'o\ par.
Mina * s: i?ul?...
? I do [ i?f? ir-'l .
?.f-o M Bl P A ? ? M...
Mo KSfl * 'i>x.
0 ? .lu ?,i.f. rrril.
Ml-taooil Pai ISe.
itlo lal B - uit_
?.SOI -lo praterrac.
'Nat Kniini A. -t?-)f .
4M Niillnniit I ? id
6.M| do l rlfeir.-.l ... .
.*; it it of m?? 2d pr
fl.BO N<*\adn ''"ii ?
N Y Air lira! ? .
> ? Y Ci Dirai.
N T Dock ... ...
r, :>?< \ r N H I h .-?
*% i ?ut a- Waet. .
B.S3 N V -tnu? Jtv-i . .
?.M Norfolk .*. South-rn i I Mi 4?t
.- aolNorfoli, * u-.st.-rn 110H i'? I 11M*
4 t ??- '. ?-, i ~? *-*? ' xs
"-.? Sortti American, M?41 8S I S3
i A L 71 7i?. 7.
' i Pai ;? .. l-:">
Pi t?-i... M1 i -it?**-*.I ?OH
Pi m m -i. '?- ??i*'?
7 . : Mu Co.... 103 103 1"-'
Pliuburah Coal . 24 121 1MM
?i 4 *?-. i en -..!., R R,. 1! ' . IIS
7 ti ?M Pc , ! '> ., i- SC. 117 H 9t%
:? terras - M :?''? ''-'
n*.? Plttaburah Bteel pr 101* 1"IV l?n%,
10 4 M P Lorlllard ??**** ?' '? -"**?
I- . -, i -.. ?I car. . | * .'(7
? -.i de prefarrad i"i*. I01U 101*4
I -: llm in ?"il <':.r... ' 167 10*1
-I .'. I 4 '? I I
,l ??-!,! 7 ! 7 I 7
_ I - i: \nm. . . I :,s .:<:?. 99%
- . n do pr?f?i ? : i"' l"l 1"'
I ? per -"'-? ' -i'i 234
? | H 411 Reading ... 17241 HAS: 17.
4 I 4 41 ?In 1*-' pr?:,-r.d. . pOftj ?'i I '.
t I ' n do '.'-i preferrad.,, ' M ' M
' i-. k s., ni tt% ???<'.
; - r, : I MU
2 . 284 M
de praderred, M t7?-? 4H
t - , i? pr I? 101 106
Runi.lv ... 101 I.V. ??- .
7 ' r.77: do pr-fern i 1064 '"*-' ' *'**?
Ht board /.ir Une.. 20%I ?.'?>', ?.'"!
! dO I?r.-f.-n-d ... tS4 II MS
?% sea i'mu 21
? do i?' pre'i ii 114 ?i M
?., |d prefarrad . M' I M ' :t4
1 ,ln C ? I' III ?tlt.l is\\ 4?.-.. 4s*
-i I, .*? ,?iM.??i.t?'rn..l M4| ,'l*?7.l ,'tll1-,
il 40 I... 7? 77 77
i. Rwbu k ,.., 2V>?. ":".'. 21!?
: ? :? rr-.l.^ l.:i 131 ' 131
. ?a Bhaf! B .<? I M M ' 16
thern Paclfl. 1114 I''-''. 1111
.-t,, m ,i s irrar 77 I TT I 77
goutharn 2) ? 20 I 20K
n.H)1 do pr-f?-rr?*,l * . Bl ?2
: Mllilii-*. . -JS!, ' I!*-', ?-"',,
Studabaker Co... 4 : ! ?341 *34
: si de. pr- tarred _I i>?\i rni | m*?
1 .;., t. naaee?? i '??; pot
T?*xaa .?i Pa.-lfl?*- 23
? .?? Conn iny.. ' 131
? IThlnl Ave II U.1 3?4
+ 2-4
t%
I 1104 lo-'t i H" . ? -
1?4 ?* I ?
?t?U| ?S | 4? ? Il
?Jl . I ?,. , - ?
i i . 103% 1084 '?**
W4 H | .?*'.?'. Kl
mi i in i m --'?
4 1-?, ':rt i W4 -j
P'a 114**, 1? i -i?.
IM , 1184 llK-ii m
7*1 ??) **?'? 11 T?
149'?, 137S, 183 . 1
...? . 3414 - I ?
1064] 101 -,
.-.i n
M4 H .
?14 284
**-** '?-?? | ?7 S i
?S ! M I
1374 1064 188
47 I 41-1, 1?O'*,
1114| lo:i'?
1044 i '"' *
U . i: ?
lo?.'?! 103%
111"., loi1?
?1 8tt'?
36 i
34 H i
4141
lHSi ?
io*i?4 i>?
141 ?I
107 | |8t*
188%| i?-:'
l?l
?*4i lH-'!'>
140
?3 4
147 132
84
118
18?
1*34
= 1
.S
?.*'.
ci 4
BJ
1284 1434
1234 180
134 33
.-,:>
I i ?
4.',?? 88
l'?7'< IIP.
es i 814
7i. 764
r,* 163 IM
90S
M?
it?S
10*.
14 (
.8
B8<
126% 1ii4'
?
i
17', I,",
-1
Jbioir
Don't lose the
income from
SfettS? y?ur money
if\ d\+\*i\* ?XttA f wm*e awaiting an oppor
UlOIUP*UaUl| tunity for a permanent
" *w investment.
Your money will draw
regular interest if deposit?
ed with this Company,
subject to demand, and a
larger rate of interest if ex?
changed for one of our Certifi?
cates of Deposit payable any
date in the future which may
suit your convenience.
Individuals, civic, social and
religious organizations, firms
orcorporations,holding money
for specific purposes will find
these Certificates of Deposit
especially advantageous.
We shall be pleased to have you
confer with our officers regaining
your banking or trust business.
Trustee for Personal Trusts
FIFTH AVENUE ___ 36TH STREET, NEW YORK
THE COPPER_TRADE.
A review of the copper trade la given
In "Tlie Bache Review" of la**4 Saturday.
Its Importance Is shown In the follow
ir.K :
"Copper has come to be the next Im?
portant metal to gold on the Interna?
tional horizon a_ an Index. The war had
curtailed not the use of the metal, but the
buying of It on this side, European con?
sumers preferring to use up their domes?
tic stocks pending possible extended
troubles. And ho exports fell off and the
copper surplus here crept up last month.
"With the war embargo removed senti?
mentally, European buying of the metal
here will begin again; In fact, has airea*-*/
?lone so; and th* prosperous progress of
this industry will be renewed, absorbing
excess production. The speculative Influ?
ence of this operation If already affect?
ing the price <.f copper shares. Here is a
business that has no seed to digest extra
sessions, a? the tariff ?loe. not touch cop?
per, except as to copper plates, which are
taxed at _?_ MBta B pound; but If even
this were removed it would have no __?-******_
upon our manufacturers, as the foreign
makers are too busy at good prices ?-.ap?
plying their own trade to give the Blight
?st attention to our market, not figuiing
the other obstacle? of trade conditions I
different In BOT-PO which make Euro
ptMafl goods unsuitable in many Instances
to our own manufactur?is.
"The copper trade has been experlenc
? Ing a natural reaction after rh<- ln-.ivy
buying of the last f??w months This re?
action has ti.cn emphasized by the tension
abroad, where co?,sumcrs have held off j
fmm American purehaaea not only on ao ,
count of what results in traie war might
bring, but also beCBBBe of the flrnn?-ing
whl'h heavy copper purchases require, the
loaning market there being advatM to
new advances The European factor!?*,
however, have been running full on large
contracts already in hand, and has?*
rapidly using up their own supplies. They
Binat now provide for the last quarter of
th year, ana heavy Orden from abroad
may be exp<*< ter). The eoppar etMMUmp?
tl'.u throughout the world is r*_ert_MOa
with indications of long eontlBOaneo and
the copper tiade Is |f*__fl on the eve of
another active period '
THE PRINT CLOTH MARKET.
r n
r.iii Rtrer, Nor. 11 The Neat Bnglaod
cio'ti Btarketa dleplayed much oet?rtty
during the veetfc and thi . a
brisk from beginning to end. There
big tioallag and the ?aies ?aiil prohabty
. v . ad
chiefly on trida .?til'S, auch h ?
Si-Si 5 15 and ??t-t? Ml goods, and a con?
siderable amount of business was put
through la these styles. These good
have advanod during the last several
days, and Indications are that they will
KO higher, because the call for them Is
active and BBOhOted. The narrow end of
t... market la quiet, there being little
doing In the way of actual business.
One of the discomforting things about
the situation is that mills which are In a
position to do a largo and profitable busi?
ness have not enough of h.-ip to man the.
loom* and therefore orders which could
be taken have Leen praaOad up because
of the lack of suhVietit help It Is a long
time slnco trading has been In such a
healthy condition and there Is every rea
non to believe that greater expansion wlil
be shown. A healthy element that Is
noticeable In the business passing is that
buyers are ex.rc'smg conservatism and
there .?.'??ms to be little in the wav of
speculation, and this of Itself adds much
to the strength of market conditions.
The call for twills and sateens is en?
couraging an.? prieea ara Bra, with aulla
la aueh a poattlofl that (hey are aotaiewhai
Indifferent aa to Hda trhtch bore boon
put up tO them. The cotton > arn mark, t
were a?*ti\ ?? last vv. ? k. and it Is reported
thai a larga bueineee baa been done
?orae "'? ! ra who have und< ? -'
.??.I?! the m m k.-i no? reell**, thai th is
...!?? up aoalnat It, becauae *.hejr dad mu? h
THE COLORADO MIDLAND
RAILWAY COMPANY
First Mortgage 4 Per Cent. Fifty Year Gold Bonds
la v I? ?.,- ?.f r'.e ? !. fault of the R*i<| ?ay ?oin
pear aaOai ?mm of lu avteteadBro note?, u
i t ?l,.ti 'i,. Iiohlers of bondi ?hould
unite In pron.pt .uni eotteorto? action for th??
n _r ill? ir latereata At ?he r?-?_**t
of _old.ra ol aald boada le a lara? amount
the undersigned bav* coma atad to act ai a
committee for tin; bondholders, reserving tli
right to associate others with thtinsch ???. .
m. Ribera et said eeaaaUttee. A proU
? Kreement, to t.-i dated N'ov nil" r 1.'. IBM
la Iri aoarai of pteparatlon. Holder? of
bond? ar?' '?rged to at on??<? deposit the ?am?
In B?80*__ttM. f'.ia?. with Ih? <oupon of Jan
imr: i. ?'t:;. and .ail ?ubMqueai eon
Deposlr? ihould Le in,i?!.- with ?KNIRV,
TRUBT ?' .MI'ANV or NI-.W YORK, the <1?
p? i'i*y ti. ba aamcd la ?aid a_reemei.
it? oS\oo, .".-i Wall -n. ?. Horn tort Ctty,
Certldaataa ?>f dtpoell arlll ba issued for all
? ? ,site.? I'..r further tnf?)rinat|,>ii
ar. ' for MP_M ?if aald agr? ei!,.'iit when j.r
pared apply to th?- BMm_era of the ? ??inniu
t? ? or to tba depositary.
1..I..1, November 10. IBIS
J. U. W.tl.l.Al V.
__________
IIMKS U. .lAKWK.
IIAKKV BROS N Kit,
I?. AVMAR *>\M?.
('omrnillee.
JOI.1NE. LARKIM A 0ATHBO1
? ?. ? !. ?
LANDOM K THORNB, ancrttary,
:,i \\ .....-?? . N I
Registry of Public
Accountants
Municipalities, corpora?
tions, firms, business men
and investors are realizing
more and more the impoi
tance ot safeguarding their
interests by the employ?
ment of responsible public
accountants, equipped by
experience and character
to render impartial audits
and accounting investiga
lions.
-
Vi !(K i ?TON
NICHOI.A* r, I " ?\. '. X < t) .
-CCOL'NT.-NTM \M? I M.lM:i:i(y
\?: i
00_CH' : :! I
M'lIM !{ MU ?'(Il r < P V
Audi? nation?,
stlgailon?.
.
100 Hr.ia.i? n ?072.
CBRTIPIEP lilil? ? ?) ??I AM Kit ICA.
?ei:itl-?l r.ililie Acrountanta and Audit ir?.
EDWARD M II'. W ? ? . I* V. I'rr?..
I*?, llfili tv.-ni'e. Neu t ork.
^^^^^ _
i KM IK a to.
3?6 Fifth At-aaaaa, ML orrrit-y it**
\V. A. ri.KMIN?, A tO.
I'nbllr Acr?,mitant?, and Auditor?.
Modern Ac.ouiiiliu Bin aad ?r.?l
Mod
:?:?> Vnasmi a.,., \>%T t..rk,M Cortil
??ffl-taU*? ir? ' dent amount
..f BtO?nk to replenish what tiiey have?
aold .low Botonera' i rtoea The cotton
market, while firm, uowed ?-1 iht ai****
c.enli?t-. but pri??? . -?ener?
ar.v tirni. atid it is noi exptaoted that tkati
will be any break arhlch might ?.-auae ?
demctrallaatlon.
The following are th?? prie**?? for lui'
week: .?-inch ?>?-?_ I. ll-Me; tt-inch 64-*).
I%c; IT-lnch M-dO, ?c; IMncb ?-?'?'. W
27-Inch 38? -Inch M-*'?
Inch ?ss-7., I
a>
TELLUP.IDE SALE HALTED
Ex-President of Power Company Se?
cures Injunction?Charges Fraud.
I'.'inei-, Nov. 17. -1^. o. N'unn, ex-presi?
dent of the Telh-ride Power OotaBBBf?
has secured a temporary lnjiinotlon In th?
district Court ugulnst the company halt
lui* it.?- prepoaed sale. tvMeh la a? hedui?***"
to *ak.? pla.'?' at Telluride, Col., next
I ??>'?
N'unn charg?e a eoi p nd aay'
the oocapaa) i? t.. be aold t? th?? Kie'tri?
Bond and Bharea ? 'on to ?-?
Laufe and Cincinnati oa irSi?m
H than its actual valu.
KAILROAD AND OTHER STOCKS (Continued).
No
ahar-B I I I
aul.l. Rail
1 Qu??talli,-i if.i.rd.
Hlgh.l Low.lCtaae.
100
-.?..i i 7
1.321 4
BOO 4
.?m |
1,300
tooo
1.000
800 4
800
II -
41H I
100
23,800! i
8,800 B
I
. .
H.70I) 7
27.14X1 ? *>
. -I , ,.
.,?
108 .'.
8,300
1,000
.IK I ?
LB60J :i
.n?. i
100 I"
100
_7_.4ilOJ
800
too
1.II Ml I
BOO
3061
? iw
?1.17
I 7,4
-
Toi Bl L4
Under u,
.!,, prafai
1 nlon Bag 9 Paper.
do preferred.
Union Pacts? .. .
da prefi n. I
United .i.-.ii Idfg.
I'nite.l Dr> ?
United Rya In? ...
do praforred
i s ?? i Pipa .t rp.
i i-forred.
i s Expi aaa.
U s indue Alcohol
nit. ,i- imp.
I S li.-lu. * Kef
I S It Hi , ?
.lo iht prat.
do 2d prefer? ad...
U s steel .
? l<, preferred ....
?i tjh Copper .
\ .. ' '.u Ch. ml, -a I . .
refarr? ,t.
Va Ry 8 Power_
? i profaned.
.
; referred.
v.. lia Formo k_p .
w eat Maryland
do preferred
S'eai i atoo Tal....
Waatlnghouea M fg..
S'ej mau Mriitnii . ..
do, prefi : i, -i.
W'.i.iworth ro.
i do pr?tent d
Wheeling * L B...
de lal prafarred,.
' do 3d preferred
Wlsr-onain Central..
o .
108
1184
?14
??
K i
-
'
81
?1
1
109
804
U ?
?
11.".'.
.M
lil'-j
!.',
m;1*
16
18
M
178
116
1174;
11(1 I
Il i
ai
14 .
6%
I ? .
1134
1- . .
18%
Ml',
1 '.
'I -
111 .
?
14 I
11.:*,
:,.',
711
.
178
11?
t*J
lfr.',
I !
14
I ?
13-v
1064
11
** .
,'il
173
?1%
,-,:i
101
::7
(14
604
.-?*.
H
81
r
,
?
il.1?
?
M
1184
83
01'j
14
m .
nu?,
11
7H i
*??'??
ira
Mi.
11! .
un 4
M
30
H'.
M
? Hange 1812. Rai
High . ? ?
am.
111 I "?"
|A?
S t
?And extra. T?tSl ?ulva tor the week. 2, ?43.7?* ahuraa.
