Newspaper Page Text
THE SUN, THURSDAY, NOVEMBER, 14, 1012.
16
Executor
Trustee
Chartered 1822
The Jfarmers' Loan and Trust Company,
Nos. 16, 18, 20 & 22 William Street
Branoh Pffioe, 475 Fifth Avenue,
New York.
PARIS, 41 lonlmrd laoataui
Travelers' Letters of Credit. Foreign Exchange.
Administrator Guardian
Successful Investors
have always found it advisable to establish rela
tions with a banking house 'of long experience
whose reputation for conservatism is recognized.
Pomroy Bros.
Members New York Stock Exchange since 187S
30 Pine Street, New York
GOSSIP OF WALL STREET.
Knrr Br Damned Glthrr Way.
The Department of .Justice, of course,
proposes to bIncU (he iirrHncements for n
truffle nlllanne between tlio New Haven
and the (irund Trunk If it ran and to prose
cute thn companies if t lie (trial noes thrniiuh
If the negotiation are abandoned and the
Orand Trunk curt if s out Its plans that mm
pony "III he prosecuted just the Milne.
It ha charters cinpovverinK it to own nud
operate steamships, having scoured them
from the Stales of Massachusetts and
lihode Island, hut I lie Panama Canal hill
.ays it bhall not operate its steamships
In Interstate commerce, and any violation
of the I'atmnm Canal hill will, of course,
he rigorously dealt with, Slate charters to
the contrary notwithstanding. It has
tone so far that In the Interest of the public
it must lia prosecuted whatever it does,
and niinht hettcr have stayed at home,
where expenditures for railroad construc
tion. We terminals, (locks and steamships
do not invite prosecution, lint now that
it has come Into a country where they do
things differently, II must takes IIh medi-
Ine and be damned if it does huild Its docks
and tteanithipH and he damned if it don't.
Hold One tint nt the Import Point.
Sterling exehanee declined In 4.13 yes
terday, which is a lower rate than at any
time (luriiiK the September void Import
niorment which a Mopped hy the Bal
kn ii war Cndcr ordinary circumstances
mi h a low rate would Insure (told Imports,
Iml the tension In money markets abroad
mnkcslt inadvisable for bankers to attempt
to draw on Europe's supply of icold at present.
Hy curious contrast the country is osport
inc sold with exchanite below the normal
sold import point. 'I he exportation are
peculiar 'lhey consist in cold coin carried
hy the tlreeks and other immigrants who
have been nolnc over In fliiht attains!
lurkey Very few nf them have taken any
l.'ime amount, but It Is estimated that on
he Bvcriiito they have taken with them
j;no apiece. Most of tho money has been
taken In Trench cold coin and the stock of
such specie In the houses of tho money
( hanpers haa been trreatly reduced, Prob
ably about 1.1,000,000 has cone abroad in this
way In the last few weeks.
me commission to increase I lie rate on
ootton, the Increases are suspended until
next April, by which (line all the cotton crop
nas been moved and the railroads have
sustained their loss. There is an end to
this rope and II Is not very far of."
THE CURB MARKET.
Curb prices moved Irregularly with light
dealings in al (purlers with the exception
of the Tobacco issues, upon which specu
lative activity again conversed. rnitcd
Clear Stores sleek: was bought in consider
able riiiantity and the price recovered
sharply to 117 aa compared with a low price
01 11: on Tuesday. Ilritlsh-Americsn To
h.ifco was more heavily dealt in but the
price fluctuated little. In the copper
shares Improvement was general, even If'
advances were not lame. Itrnden was
very firm and sold at the recent hlBh price
of . Uitto New York rose to 2JJ, Clroux '
to 47. nnd (Irecne Cananea to oj.. Jilode-1
rutn Mules nf fhA Western l'uolfl, 4a InnL I
plnco at a slight decline from the highest.
Transactions In detail in the market yester
day were as follows:
O fieri
Slim. Ing.
lloo Alaska Cold Mines
S
The Fundamental Test of
an Investment
Every careful investor is naturally anxious to select the one
best form of security out of the almost innumerable types which
await his consideration.
The solution of this seemingly difficult problem can easily be
reached by the application of one simple test tit commodity tr
urvU't up which tit tecurity it hated absolutely nectsiaty tt pur
citfttrt and users at all times and undtr all ttnditunsf
For example, the securities of u jewelry company would not
be a. highly desirable investment, as jewelry has no market during
f periods of financial stringency. The earnings of a staple grocery
company would be very little, affected, as food is a daily necessity
in bad times as well as in good,
The best investments, therefore, are those which are found
ed on absolute necessities. Naturally, then, investments which
are founded on the source of all wealth and the first necessities
of existence land and a roof over one's head, for home or
business are the safest and best of all.
5 to 6 First Mortgage Bonds
, Ve own and offer, absolute, dl
reef First Mortgage Jjonds to net
61 to 6. Tltece attractive secur
ities are based pn the most care
fully selected, improved, Income
earning Chicago real estate o( tlie
highest class. These investments
arc made with the utmost care.
In np case is the conservatively
estimated value of the property
less than double the total amount
of the bond issue, while the in
come from the property is at least
three times the greatest annual
interest charge.
Our Saw York bcsdqtitrtrrs. ocsurjlnc the entire fifth floor
at One wall Street, am now on. We extend a very cordial
Invitation to tMe pnblla anil wll be plumed to supply any de
sired investment Information.
A very choice I'n of carefully sel ipeclflc timet bis
been prepared. As for Circular So, 15707
&.W. Straus & Co.
lUCaiVQRATIO
MORTGAGE OOJJD BANKERS
STRAUg BUltPINO miHONI ON WALL STREET
CHICAGO RscTonsiii NEW YORK
These bonds mature serially in
from two to fifteen years and may
he obtained in denominations of
$100, o00, 11,000 and $5,000.
It ! the proud record of this house
that during the past thlily yearn. In
which we havo been enaaxt d In band.
ling ibi class of security exclusively,
not one of ourcllenta hat ever lol a
(Ingle dollar, cllhar of principal or In
tercet, on any security purchased from
us,
An nnu.usl degree of convertibility
Is assurad thro'urii our cuitom of repur
chasing trcuiUles from our client,
when requeued, at par and acrrued In.
tvre less a net handling charge of 1
per ctnl.
1IM Allied Sec Co 19
low. Heaver Cons . a','
ion Buffalo Ulnes... . 3!
tow Ilraitcn Copper.... 41
IIH) Ilrlttsh-Am Tob... U
M IlrltUhColCop.... H
SOniO llutle-.S'ew York.. IH
Sin Con Arlxl Smelt.... 7-16
2ono C () I) Comt 7
Jimo l)a I'lrld Daisy. . S
:t0 I'.l Paso Con '
1300 i:iy Con 3-It
10 First National... . :''
too Horcnce 73
vn (ireene Canaaea , 9'
toon noldlleld Midway, V,i
nrn Clroux lllnlar.. . i'i
M Kmerson llrant. 73!
350 l!merson llrant pf.100
lorn Jumbo Kxten, 33
High
est, a
on
!
41
4ft
:!.
7-1
7
Hi
3-1S
2i
73
t"i
'!
74
too;;
33
est.
s
is
;
-
41
:s'
4l
Us
7-IS
ft
i
i
3-IS
!!
73
'i
Vi
73'.
BB.'i
32
CIM
Ing !
8t)
9
3!t
41
331
4).
3
7-18
A
i
3-1(1
3!a
73
7'
41s
71
100' t
33
The- Ciermaa tlaiik nle.
It was expected a week ago that the Hank
of fiermany would raise its minimum rate
nf discount. Advances bad been made
by the lank of Knglatid nnd the Hank of
1 ranceandlt wasthoughlthathlghermnney
in Paris and London would produce higher
rates in llerlln, nut since the discount
rate of the Hunk of (iermany has remained
at S per cent, the private rate of discount
has advanced uud it now seems probable
that )he hank rate will be raised to per
(ent to-day. Yesterday private rates nf
discount advanced still further and cables
to International hanking houses considered
an increase to-day extremely probable,
Foreign markets were cheerful enough
yesterday, so that the talk of an advance
In the hank rate was not Inspired so much
by political complications aa by the re
PMchase of securities Bold by Berlin in
the recent period of stress and the docllne
in foreign exchange rates In this city.
The Decline at She Close.
Trices nf storks were fairly well above tho
previous day's closing until quarter of nn
hour before j-esterday's close. Then It
became known on the floor that Constanti
nople had fallen nnd every trader realized
that now the worst had happened and that
the morning would hrlnif news of a terrific
I urope.in conflict and panics in all the inar
Kts of Kmiland and the Continent. There
was no doubt of tho fall of Constantinople.
I lie knowledge of it was quite aa positive
mi the floor of the exohange aa was the
knowledge of the fall of the ABtpilth Min
is' n early In the week. Traders sold stocks
mously and the ruld encountered go little
opposition that most of the day's gains
eie wiped out In a few minutes,
loo Kerr IjiUc,
fit Iji lloc Con,
Urn Manhat .Shirt Co
3no Manhat S Co pf
U13 Mc l)K MlnCo.
fin Mason Valley
:u-ts:ii-is;ii-is:ii.ts
3!
. 73
4t
mi
73
103 M
43
13
1H
5-1S
IMS
Goo Manhattan Iran. 10-11
:oo .North Untie Ueve.
1W) Nevada llllts 1 9-16
40i) Ohio Copper. 1 1 1-1 A 1 IMA,
400 Oil l'lrlds of Ilex.
im IhirhlaSm & Itef . 17, 1 13.lt 1 11-115 1 11-1(1
40 Stand Oil of N J ,3111 3M 30( 3!M
l'i IH IH I'i
i l 4 "t
11-14 11-11 ll-lft tl.lt
73
IO!!
13),-lB-lt
U
10-11
1'.
- u
3!j
73
ire',
41
13
1.
5-IS
19-1S
IS
3.
INVESTORS
TO
STOP wen 'n doubt and do nothinc- Investors should daily
9 f 'study values, because knowledge concerning investments
is the greatest safeguard. '
I OOltx at th'nes happening in the business and financial world
umJfw every day of Interest to the Investor. You need the
information get tt from a thoroughly trustworthy source.
I QTC wnen t0'd that such information cannot be gained from
sSIW newspapers depending for their existence on the popular
hcnsation of the day. There is one reliable source from which it may be
gathered with confidence in its accuracy and fidelity to the truth. That is
The Wall Street Journal
The S'cu-ipapcr for Investor!
DOW. JONES ft CO., PUILISHCRS,
44 BROAD ST., NEW YORK
inm Stewart
an Trl-Hulllon. ..
11(11 Tularosa
300 Tuolumne Cop,
tetn Tonnpah Kxlen. ,
470) Tonopah Merger.,
lotno Unl Cigar .Sirs
sun Wettltufer Silver
1(1)0 West Knd Con. .
3a:n-it
03 DA
113 1I7!
34 34
H 1 IMA
HONf),S.
JW10 B R T 11 notes A) BAH
910n0 .V Y City ',(VK. Mils SO 13-tt
76000 Western I'ae Is..., SI', si
3's 3's
3,2 IMA
03 VI
Ul'i MAI,
33 33
l' 1 ll-IA
OA',
t"T,
Sl.
0A5,
Wis
111,
lie 11. n. Ksarres Dlrldrad.
When the I'nlted States Kxpresa Com
pinv passed the 8 per cent, dividend on
I's shares n couple of weeks ago the man
isrrnenl eiplulnod that the parrels post,
the endeavor of the Interstate Commerce
commission to secure a reduction, In rates
and larger expenses dictated n policy of
onservatlsm. The annual report of the
ompany for the year ended Juno 30 has
ist been issued This shows that even
"lioiu the unfavorable Influences of
he parcels post and a reduction In express
ales Hip company earned only I..13 per
ent of the per cent, necessary to pay the
dividends at the former rate on the stock,
n the last four years, although cross earn
nit huvn steadily increased, working
pense and taxes have Increased more,
hcvi (he company earned s.03 per cent,
n (is stock. In 1010, 7.S3 per cent.; In ion,
and l.int year only 2.33.
Allied .Securities SS SO S7 09
Am Writing Taper 3 4 3 4
nay State Cias i ( lj
nraden !7 Mi IH
British Col Copper 4 Cs 'i 4(1
Hrltiah-Am Tobacco 33)s 315s Wi SS't
(llroux 44 iH il 41,
(irreae Cananea 'i Vi Vi
later Rubber Ill's i: 1 lis 13t
Kerr iJike... . . 3i S)i 3,
Uhlgh Valley Coal 333 340 JSi 340
jl Rose 3 7 18 :!f ii 2",
Wines Co of Am.,..i... . !! 2), J!j 3',
Mason Valley.. I3) 13 13 13
Manhattan Transit 11-i ls l!g H
Manhattan Shirt.....'.... 70 74 70 74
Manhattan Shirt pf w I, ,103 irc!( 101'i 102 1
Marconi of Am new t At, t,H t?a
Nevada Hills Hi It-it l'j is-t
Nlplsslnc Mines 8!, ll !,' U
Porto Hlro Amer. 3M 373 30 373
.sundard oil 100 lotto ioao loan
Tonopah Mlnlnr li Mi 'i At,
Vat Sirs Co of Am IS llt'j H4Ji 4H
UCIf HtrsCoof Am pf. Ill 133 131 i;j
UHUrhtalleat 13 14 13 14
UHUthtJilleatpf., .S3 II S3 S4
Yukon (lold 3i 3H 3!( 3H
BONIW.
Brarien Copper S ISO 113 ISO 13
nraden Copper ts 10 1S3 ISO 113
Chicago KISs ni S V7, SS
Mason Valley ts i: 131 13 133
Mr. Madge on ftallrnad llales.
II II Mudge, president of the Chicago,
"' k Island and Pacific) Railway, Is quoted
aylng that the traffic now being handled
Ins r.id Is the largest In Its history.
also has something to aay of tho pros
' of the railroad business In the Imine
'' future, dross earnings will probably
record breaking but net will bo Influ
' ei by the fuot that many expenditiirus
'It had to be deferred In mil, when
"s revenues fell off, must now be borne.
foie long," ho says, "the railroads
have lo get together for another
il to the Interstate Commerce Com
- on to allow a moderate Increase
io rallro.ul ratet. Locomotives, passenger
i.r'ii (ipu,r,t ,.! Hre costing us ovor :o
"" ' tit mom than two years ago. Jlngl-
ll iiniloublcdly be grunted some
lr"'ae in wages, which moans that the
"nrn trainmen, truckmen and all tho
fall III lino for like benefits. Mean
l'LUt, it i4 jjsjUrosds ask vormisaloB of
CUXB STOCKS CLOSING.
Yesterday,
Bid. Asked.
Tuesday
Did. Asked.
THE BOSJON MARKET.
Boston. Nov. is. I'nlted fruit was under
pressure to-day on talk of a suit by tho
liovcrnmenl against tho company. Tho
stock sold down lo ISO, a decline of r) points
from yesterday's closing prico, but later
more than half Urn loss was regained.
The market for copper shares was ipiiet
with the tone IrreguUir. liike and Osceola
re sirong and a poiiu ihkiwt. ihh- (nn
and superior snoweu a loss oi mcr a isiiiu.
was iriiciioiiHiiy m
Tho summary
tlnen- High- l.ow
Inj.
.(
The general lial
Hails wcro unlet.
lower.
COPPER MARKET WAITING.
t At-
Raropeaa Bayla Is Ksaeetrd
saoat Any Tlxae.
The oepper market rontlnuea dull, with
a waiting attitude the rule, Foreign buy
Ins Is expected at almost any lime, as the
warehouse Htocks abroad will only last a
few more weeks before vanishing com
pletely. By that time, If not sooner, foreign
consumers will have to buy and buy heavily.
A large buying movement by domestic con
sumers Is also looked for In the near future,
as the last movement did not take much
of the December supply of the metal,
although It won heavy as retards the
November output
Tttti fact that the larte Interests have
been able to maintain their peg price of
cents a pound through the dullest
period of the whole year when there Is on
active inquiry for the metal at 17)1 cents u
pound that would allow large sales at tnut
figure shows the strong position of copper.
The piles of standard copper closed as
follows;
npet
November,,
December,.
January.,,,
I-ead
Mpelter
irin
Yesterday. .
ASKCS.
Hid,
... 17.00
...,17,10 17,3314
,,,,1,li4 17.331J
.,.,17,011 17,30
4,70 4, Si)
.... 7. ST 7.4i
48,90 ti0 37!i
London prices were:
Yesterday.
Tuesday.
Bid. Asked.
hairs.
I.t Allnurl
loo.. Amalgamated.- S34
HillAm.lnii 3I'J
Ksl Arltona Com. . 4).
3330 Mmiio A, Superior,, !.
sou Chlno 49),
A33 Calumet 4 Arli, 711
1A.', Copper llange...
373 Cast lliillr. . Mi
tin Krankllu . 10')
.mo (ilroux t
isso (iranby... 7t;
301 lireene-Cananra, , 0
to Ilanrrs k 31
243 Indiana IV i
I3. Inspiration.. . m
Kin islaml Creek . .a
,V) Island Creek pf, S7W
MIA Isle llnyale.. 311)
l.H) U.lllle...
irrio Lake 30,
333 Mason Valley. . 131s
.V) Mass Cons., . A!,
30 Ma) flower II
10 Mohawk.. A3
10 Veiarta Cons. 33H
:m North (tulle... 3A
3.5 North Uke, 4
173 Ojlhway.. ., 3
73 old Colony. , 0
30 Old Dominion... tvo
70 Oscrqla. . . ins
Sin Timet Creek. 37
lift yulncy 3,
300 Itay Cons 321
M Santa Ke 3'ii
ttO Shannon 14).
1SA4 Slmtiurk.. 311
47.5 Sup A Boston. . 3
30 Superior . 41
30 Tamarack., 43
413 IIS Smelting,. 4.Hi
470 I'HSmeltlnrpf... .wj
30 I'tah Apex. ITs
3 Utah Cons. 13!'
IlAII.IIOAtl STOCKS.
33 Atchison I07( 1P7,
37 llostnn fc Maine. U7
33 ( hi. lei AS V AS14
I (Til .leiASV pf. ins
V Mass Klee. tlli
est.
43
31 ;
It's
ml
7U'3
M.
13',
io;
4 IS-1A
77!,
011-10
34
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M
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3A'.S
&
14
A3
32
3A'4
3
0
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no
37
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32',
3's
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4A!(
.11
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131)
Clos
ing. 42
ajfi
311,
41
111)
70
Ml,
131?
101,
CM.
.1
S3,
31',
V
41
4J',
70
,V5
13
10' 4
14 4 i.VIO
Wl
U'j
31
17",
101,
Vi
'-
30' J
134,
,r
A3
32',
33' t
3
Ml
I OS
3A'j
S3
22 U
31 i
in!
31 V,
3D Ma.su I'.lec pf Mpd. 7'
l'.le frae wars .30
Ii7
insig
nia isi-i
7712
30
?-.', Msn.1
413 . V N II ft 11 UB4 13Si
7U Union Tae.. 173 173!
MISCI'.I.I.VKOI.'S.'
53 Am AgChem pf,..100l( H)i
in Ainnskeag pf... too loo
30 Am I'neii Herv t
ISO Am I'neii Herv pi 33 33
33 Am Sugar. l?l i 132
03 Am Sugar Pf. ,J2lH" IJIli
.tu Ain lei ac tci
ISA Am Woolen pf S4
;a a (I ac w i pr... . ia,
10 Cumber Tow nf
NO Hasl llos lJnd .
307 Hdlson
133K T.dlson rights ,
150 (irn Kleclrlc...
lno lla-n (jas, .
4A Mass (las pf..
37 MexTel.
411 Ilex Tel nf. ,
lo N i; Cnt Yarn.
3 North Tex Kite.
73 ruiiman.
5!i
.'mi
(!s
HI
os'i
e-)i
ii
lit) Itreee Buttonhole. A)j
as nwiii oc i.o,.
107
3S
181
A7 Torrlngton...
ixni Itnlleil ITull.
lot. rnlied Shoe., t2H
K5S7 US Steel.... 7SlJ
BONDS.
320(in Am AgrChem 3s,, lolls
143
S4
ISt,
071,
13',
2 SO
lllj
B3'J
lt
, 3.4-
mi
114
1(57
107
:s
us
33
ISJs
43
43
4M4
WtJ
l4.
131,
W7
117 1AHI,
I0S
IS
77
10
ns'j
173
in
121
424
Sil
?3!j
37
'
ISO',
03 1 5
VJ1
lA
00',
114
IAA4
IA5,
lAJ
37J
. IN)
Mil
7!j
7BSi
34
I7U
:nij
:a
87',
33t,
4t,
31',
II
A3
S3's
3A
4
3
S
30
110
JA'i
S.V,
1i
HW
3.D i
3tj
43',
43
4(5' J
31
I's
llVi
107)4
07
IASI4
ins
is
77
.10
!?;;.
IS'4
3
KU
113
131
143.1.
130
U'J
Wis
13't
370
IDs
SSI (4
inn
THE PHILADELPHIA MARKET.
l'RM,tnKl.raM. Nov. S. The market
for local securllles was quint and without
prlisi chango of imiiortance. Cambria
Hteel wns up V at nno tlmo but toil most
nf the gain lator. There was some activity
In i:io(ilrlc Hlorace, which moved within
a small range and elosed without change
from jesterday. Bonds were moderately
octUc, The summary:
Open
Inc.
Sales.
Iki Am Heel Hufar..
.V. ,m Oasnf N.I,
30 Am Itvs
M Am Itjsjil
330 Ala Smellers.,
ail Cambria Nteel..
Im ( i n ltdier. ,
IIH5I i;iec Storage
Id tlarwood lilec...
3d Hun tin irlon 4lrr
A., ins Co of N A .
100 Krnlueky See pf.
bake Sunerliir..
3 iiiih Nsvcifs,,
13 l-li Vat Transit..
313 lam ValTr pf.
3M Penn It II,
4AI Thlla Klec...
Inn 1'hlls II T cits...
Ski Thlla It T' slock,
u rniia i raeuon.
n llradlnr..
103) Tiino.llslmnnl ,S
jsn innopah Mlnlnc,
Ml,
103
Ills
ma
ant,
ui;
3Sll
.5
:
13
n
.mi
Wl,
iw;
an;
SH4
34
37' 4
7,
031,
Midi
e,
4!
103
41!,
Iltl
AS'
,U
'
:a
13
31',
n
.v,
V31,
,ni;
tl4
34
?! 51
Alt
I.OH
est.
Ill,
1(13
lit,
I'S!,
79
4U' 4"
fj.l,
13
3I4
7J
W.
KU
IS'
Ml
(Tos
i'lg.
4,
ma
Wn
liu
u
III'.
.Kl J
M,
:a
13
31's
73
.111'!
W,
I.V
J l.V,
; .n'
t A II It)
37l
Ml.
3i:
.A;
AU
l& Union Trai llon kill
304 United (las Imp.. Ml.
334 York Hy,,..
77 York Hy pf..
limn
It S I-in 9 I It 0 I 1A
win A', A I) IS
M'i 1513 Ml
an sols uu
75s 7.5'. 71'i 7Mi
14 14 14 14
s ..IS 3A 3A 3A
uiii ,ni 1. as a r. &.. sa', stir asi. sa',
I0il Haid ton 1st 3S...UCIJ 110)4 lirjl, )()!
77(Sti Cliy 4s uwn., .loisj top, iii; nij
Ki c ty lino reg. lail, 101U loll, ini.
ion c ly imi rr. imlj lnllj Kill, 101'i
2o llarnoud Klrc St.. .irsi
limn Kej stone Tel, is., 7'i
3() belilsh VallstAs..l43
irimi Thlla Klee 4s.. . SHi
lno llradlnr (Jan. 4a, OAs
loun Stand (las & I'. fs...lw' ,
4sn tlnlteil My 4s.. 75
ISimi United lly Invls.. 13
Ails
lno
71,
1"
13
0AI
im,
73
A3
A3
inn
A71,
143
an;
DAtj
KIT,
73
A3
A3
ion
17'.,
143
A
OA),
K1'j
73
A3
THE CHICAGO MARKET.
CmcAdO, Nov. 13. Activity In Sears
Hooburlt 55-,is renewed on, an aggressive
scnle with the slock showing a substantial
advance. The continued improvement in
their business Is largely tho Influencing
factor In the buying movement. Illinois
Ilrliiif was a stronz feature, while Common
wealth Kdlson, Chicago Pneumatic Tool,
Swift A Co, and Vnlon Carbide were steady.
Tho demand for bonds was someurlmt
better. The nummary;
Open
ing. . )
123
34
103
mi
13
Sales.
son Am can .
Kin Am Can pf
10 Am Ship
nn Am Shin of
2l Oil I'neu Tool
. IM (Til llv series 3.
SO (Til Kile oc Trusl..311,
34,
A
Oll'S
114
117
IA1
I'!,
3H
113',
M
75
s J
Vi
03,
103
iai'
1017,
10 ;
OS
OMi
100
OTIS
10174
!,
us
031,'
ll)
W!s
130 Com Million..
300 111 llrlck...
30 KC UyAI.fhtlif
100 National Biscuit..
100 Teo (las. ,
70 I'ae (las a It ,
1370 Sears.Iloe. .
X) Hrara-lloe pf,
180 Swift ,
Iftfl It S Nleel..
310 tin Carbide.,
Copper, spot.
Copper, future ,
Tin, spot
Tin, futures, ,,
IXd'l
Spelter ......
i'lSUos. 0. W...
. It
, 77
23S
,33S
. II
. :
17.00 .. Bav
17 m IT.?n Hnlielli
17 1.3 17 3(1 liostou-Kly..
17 13 17 30 1 Cactus,
4 70 4. so , Culm. eras .,
7 S3 7.45 ' Chllf Cons. .
4). AO 30.00 I i'nr"t Arliona
I)a5t-iiaiy.
J ITrsi Nix
Tuesday. 1 (inldfleld
d. (1. a. Iji Itnse (
A 7A 7 A Maleslle Copper.
n 11 s n I New naiiie.
0 227 0 n I Oneco.
n :'.'a is 0 ohlo Copper.
A IS 7 I I Ha5en
t 5J 3 A Ithmle Island Coal
utj sa iBouia
.v.ll Am Tel e Tel 4s
4(.S) Atchison 4s.. . OS
2IU C II A (J Jl 4S S3
lUTO I! J II (is of 1013 .. !('
STOO West Tel Tel St.. OOVt
CUItnaTOCK3,CbOSIN(! THICKS. ,
Bid. Asked,
35 :a
M 37.
I l'
s 10
31, S 15-19
1 ft-it tH
SI 7000 Armour 414s
AOM ChlClly Hy 15s.,
1000 Com Kdion 3s,
3000 Chl Tel .la.,
lent) chl Tool 3s.
Mis) Ilia Match 6s.
toon Morris 4ljs..
:uoo S Side 1:1 4s
113
mi
40
13.1
HAS
AM,
317
.113
313
BONDS.
Oil.'
iniu
I03t,
101
aiij
imi
,
' 03
High
est. 40
133
34
10.5
34
311H
143
7l'i
40
133
"$
3301 1
133
10711
75JJ
313
tll(
loivj
1031,
101
Oil 4.
lno
17 H
93
Low
est. 3Ulf
13.'
1113
.Mi;
33
3111,
113
AO',
10
131
tlt'i
All 3
317
131
mu
313
OUl
10112
107'3
ini
03'j
100
17T
03
Clos.
"tf
133 51
Ilk-.
34
33
3111,
113
7iij
40
131
'JUS,
330
1'IS
ins'
731,
SIS ni'j
tniw
1031
101
031 i
100
S'4
0
DAILY FINANCIAL CALENDAR.
Daly 211 3K
.'atlunal 3.8-IA vl
-Id Cons 111! 0-1A
icCons 3 7-lt Vi
MM. ....,(......
43
.8
37
4
43
3
3I
14
2S
III
T.X DIVIDEND.
American Cotton Oil.
Cnnsollilateil Oas.
Massackisietta aaa.
North Pennsylvania. lUllrsad
Tlllaburs Hltsti.
DIVIDEND rATABt.K.
Company and Term. Stoik Ami.
neadlnr, quarlsrly emu 1 '1
ANNUAL MKKTINdH. ,
Amerlran Mailing Corporation.
Keahnsrd Air I.lne
tioulh Torte Hlco Sugir. ,
$6,220,000
Four and One-Half Par Cant. Gold
NEW YORK CENTRAL & HUDSON RIVER RAILROAD COMPANY'S
BOSTON ft ALBANY EQUIPMENT TRUST OF 1012
iBterest payable April 1 and October 1 in New York
Tstial Autharlias) fatuit
rUsarvtri for Future Usua
ls)ow Olfarasl
$7,tt0,000
2,a0.00
1,220,000
UARANTY TRUST CQMf ANY Of NEW YORK, Trust
Under the provisions of tho Equipment Trust Agreement dated
October 1, 1912, the New York Central & Hudson River Railroad Co.
covenants to pay, in Hold cdin. rentals which provide for the principal
and semi-annual dividend warrants.
The Equipment Trust Agreement also provides that the amount
of pertificutes to be issued shall not exceed 90 per cent, of the actual
cost of equipment delivered to and held by the Trustee aa security for
the payment of the principal of the certificates and the semi-annual
dividend warrants appertaining thereto.
This equipment is for use on the Boston & Albany Railroad,
operated by the New York Central & Hudson River Railroad Co, under
a 99-year lease.
The Mew York, New Haven & Hartford Railroad Co. has, entered
into an agreement to pay to the New York Central & Hudson River
Railroad Go. one-half the moneys needed to meet the obligations pf
this trust, and, having done so, each of these two companies will, at
the expiration of the Trust, become the owner of one-half of this equlp
. mcnt.
Certificates are issued by the Guaranty Trust Company of New York, as
Trustee. They arc dated October 1, 1912, and are in series of $348,000 each,
one series maturing on the first day of October in each year from 1013 to 1027,
inclusive.
Certificates are issued in denominations of $1,000 with semi-annual divi
dend warrants attached, and may be registered as to principal. Full registered '
certificates will also be issued in denominations of $1,000, $5,000, $10,000 and'
' $50,000.
HAVING SOLD A LARGE AMOUNT OF THE ABOVE CERTIFICATES WE
OFFER THE UNSOLD BALANCE AT THE FOLLOWING PRICES,
TO YIELD APPROXIMATELY 4;$8
$n 18,000
at s.oon
348,000
.148,000
348.000
.148,000
.148,000
048,000
348,000
.148,000
1)48,000
148,000
348,000
148,000
348,000
Temporary certificates will be delivered pending the preparation of the definitive certificates!
KISSEL, KINNIGUTT & GO
LEE, HIBGINSON I GO
TRACK SPIKE ADVANCE.
BUSINESS TROUBLES.
Trier Pat Hp a a Ton "Iron Air"
Wrrlilj- lirvlew.
The price of track splV.es, has heen ad
vanced S3 a ton to ll.tm per Itti pounds.
'I he Southern llnllwiiy hn,s placed orders
for iit.tii") terns of standard rolls, most of
ihem with the Teiuiesseo Cnul uud Iron
Company.
The weekly rcvev of the steel nnd Iron
tnide in the rim .lc yestcidiiy says
"It was no espoctcd tluil the (Irlnher
rat of production at Me"l 55orks. which
reiirecnted a strain for records all alone
the Hue, would In- inslntnliieil In .V(i5rmlcr
There has heen th nutnrul reaction from
such speeding up, Iml tho mills uro still
tindnr heavy ptesMiro for ilol5i'rios uud
re resxindlnK well
"lh addition of more than n million
ions In Ocloher lo the Hteel Cnipuiaiion's
unfilled orders ns a surprise, In view
of reports from various prmiucora that
new contract business has lately (nine In
nt a less rate thun specific!)! Inns, The
Heady Inflow of nvporl orders lo Ihn Steel
Corporation Is one npliitiiloii of Iheso
variant rert; another, iitiil prnhnhly of
srvaterwolcht, lalluit the Hieel I'lirpunitliin
has heen selllnix further uhoad nt cxMIni!
contract prices llinn most or lis coiupeli
lois, havlnu laLen cnnslderahln luisliuias,
It is known, for delivery In the third ipiurtcr
oi mi:t.
"Tlinie nre Indlciitions, npnrt froln the
lu.nu litiiiHui. l,t IIm AvtvirtH. lliul Ilii. Kind
Coroornl on w ill coiilriliulo h lamer per- sivi.nm
cetilKiie nf ths country's total steel produc i IN ,.i.,,Yi:,,'rs iluSLf
.i.,.. i.; iiii-i i,, -,.,i.r.l , i u, 55 est 4(lh stn-el. has (ileit a petition In Pan
lion in 111!.' Iliuil In sn5cral ears. l.nst rl,l(.v with llshllile SM.tinend no assets.
year its total was ..4 'rceni.. n is iikcij- io ue
117 per cont. or 3s per cent lor mil.
"Hall orders of the week (.mount so (iliont
ino.ouo ions, includlm: ZWUi tons for tho
Houlliern Hallway, to ho rolled (ll I'.twloy,
Ala. Tho New lluven and snhsidlMty lines
havs praethmlly closed for hs,ihhi ions. I NATHAN liiwi'.NBKlKi
'I h H. A O. piiichasus n'cenlly icporled
5vem Ul.r.on tons. Tint llrooklyn llnpid
Trnnflt nud I he Now VorU ItalUvays Com
pany have bought 3.:KK) tuns of ulrder mils,
iitiil n,io Ions of Muyarl lissvmcr mils
havo lienii sold in the ( hlcuu-ci district.
"Car conlincts closed In tho Inst Mce);,
elliulnatliiii unverified report, 5iere for
a,:i.n curs. Pniidlnic lists total Cl.sw.
"Tho liuyliiK of InrKH Canadian car
Interest has heen n feiituro of the 55cck.
It lias pructlcully closed in this country
for n,nm tons of billets, structural shapes,
plates and bur and Is liL'ollt!tnr fur nn
equal ainoiipl of pic iron. Canadian car
woiks will he kept busy on proient orders
until late In 1013.
"Payment of advances of 3 lo S3 a Ion
. ii.lL. IA1
FINANCIAL NOTES.'
S. V Straus, head of tho bankinir firm
of S. V. Straus A Co., I Wall street, has
vcrllteii an nrllc'l" on "Tho tull Knrnlnti
Power nf Your .Money" in too nirsfnrs
Afiria;tiii .
'I he directors of the flint Mortango
(liMrnntee Company havo declareil a divi.
(lend or :l per uint,, payable lonuury 3. 1013,
In stockholder of icionl liecenibcr ?,
1017.
At the annual mnetlntj nf the stockholders
of the Manhattan lluiliNay Company yeatc.r.
inv l (inuld waseleclcd tollll tho vuoaiicv
In the lioaiil caused by (ho ilcalli of Donald
MlllMlV
William I' Ilonbriifht A Co. havo prepared
a letter on the liitliienco nf 55ur on market,
conditions, irlvlim I ho nulioil of Ihn mar.
kets iluiini: the rianco-Prtinslaii, hiunli.li
anil ll(r wars,
n Inere.isn In common stock of the
Pi net or A liainbln Company from ir.'(inn,(SK5
to S.M,(i.(iii has boon npprnved by the
dlrci'inis. llio um5 stock Mo W disposed of
as the illiiM tors may ilctoriiilne.
J.Utl-S ICI.AIIKH CO A petlllon In hank
ruptey has heen filed aiatnst James Klaber,
trailluc as .lames hlahcr A Co , Importer of
laces anil manufacturer nf waists and dresses,
at J2 West Tweniy-M5cnih street, hy llosen
Prrc A Levis for these creditors: William
Mehroedrr A Co.. .(); Mlnnt, Hnnner Co ,
ton. anil lunau Sehnarcs, 170 Juiifn Uayrr
apiMiliileil James (i. tlrahsm receiver, bend
llo.lKi, llolierl V 15 Is said that the llahlll
llesnre tisisosml awIs sis.flno.
OIIIIIN'TAI. CANIM), INC A petition In hanV?
rupicy has heen filed against the Oriental
Cshlnu, Inc., reslniirant anil cafe, al 141 and
111 55ci Vnrty-ilflh street, hy these eredltors:
Kramer Urns , SJ12: .S(raui.s A Co , 1310. and
,ainan nanus, su. inn aueis are csiiniaieii
broker, of son
k-
55T1.I.IAH IIAVID IIKNItY iiCSI West Twenty.
Hrst street, rrsldlnr al Uanlinssei, 1.. 1 , hi
Hied a petition In bankruptcy ullh liabilities
ss.-.r.? anil no at.scts,
lhll.M',1. TAHANKH, clerk al 152 Cast Thirteenth
s'reel, furmetly a trorer, has nied a petlllon
In bsnkniptev to ret rlil nf s ilenelency Juuf-
inrni lur l.sm' in niiir in ri. lynccm,
ATI I AN IIOMl'.MIKUC, salesman of 21 KsM
in.uii Mrcel, furtnerly (sinfeeilnnrr. Ills
tiled a rclll Ion In bankruntrv with llablllliea
m.iih ami as.els tn.
AIIIIWIAMH A l.l'MSUlt, Srhediilea In hank,
ruptry of Atirali.uns A Iser, luanufaciutera
of waists anil ilre-es at 111 Wei Twenty.
I vlli trcet. show llablllllrs ISI.Ua anil as.ets
IV) OS)
Alll.tN'dTON' CIXIAK AM) .SUIT COMPANY" -Srhedules
In bankruplty of Max 5'elel A, Sons,
Iraillni; as the Vrllueion Cloak and Suit Com.
panv at Xt 55 est Tewnt) -first sireel, show
llstillllles t&i.twi and assets 1IB.I,
(lAltl'll'.I.I) IIMIIIUHIII'.IIV 501IKS. -Schedules
In bankruptcv uf the (larfleld llmhrnhterv
55"ork. Ill 55est THcnly-nliitli street, show
nubilities 14 (.in and assets II. US,
IIAVIXIX lll'.l.TINd COMPANY.- Schedules In
baukruplc) nf the Day Inn llellln? Company,
42 Cnrllniiill street, show liabilities IS.tU and
Hsets it, (Via
JOsri'll scMWAlrTZ. Judre Mayer has an.
pointed llsrrv (iuMel lecelver for Joseph
.Sehwaru, furrler.of 21 Ilnl5ersliy place, bond i
moroiAi.fi.
NOTICK Tit NIAOAHA. LOCK r OUT ANU
ONTARIO l'()l(H (HIMPANV HtlMII-ll(il.l)l'.ltk-riKNI
MOK14IA4II'. rive:
I'I'.li KM. I'lKIY S RIIOI.II IKlNliH.
isew York, No.ember 1st. 1013.
OUAIIAMTY TllllbT COMPANY OP MV
lOIIK, sueccasor Truslee under supplenieelal
niorlsase and deed of Irusl of IVpruary 3sui.
Ittirt. seettrlnt the paynienl nf FIVK UllJ.Klrs
fxiUMIS li.nno.nrVii Klrsi UorU'ue He I'rr
Cent. KlftyYtar lipid lkinds of the NIAIIAIIA.
UM'KI'OirP AMI ONTAltIO P05VKII (OM
PANY. hereby Invites proposals lor tna sale of
as many bonus nf the Issue above described as
can be purchased for Ihe sum of NIXTY-TWH
1IIOUSAM) NIX llllNIUtKf) .IKVKNTY.IMIIlt r
DOI.I.AHH AND SIXTY-FIVKCKNT.S 1U.S14
H05V In the Winking Mind under said niorlsaie an
deed at Irusl. healed prnposala will be received
al Ihe NTANUAHU HRANI II of this Cenipany.
Nn. ii Prosit Mireel, Xew York Clti, up lo ten
o'clock A. M.. on Monday. November 2tth, ISI7.
when sains will be opened and bonus offered at
Ihe lowest price inol taceedlnr 120 and auprued
Interest) to Hie eatenl necessary m eshausi said
sum, will be accepted In the order thai tfia pro
posals are received,
All bonds accepted will be ptkl (nr upon de
livery villi accrued loleresl on N5ember J7th.
ion.
llUAHANTYtrntlflT COMPANY OP NKW lOHK
My WM. c. co.X, Vice-President.
TO Till'. IIOI.IIKUS Of
TIIK COXSIII.mA I l(. COAI. CO.
first sad Hefaadlna Moriaage Head.,
Due December I, loV'.
NOTICK Is hereby slven, as prov bled In Herlloa
2 of Article VI. of Ihe Indenture dated December
I, twin, seeurlnr Ihe above bonds, that niters villi
be received until 3 o'clock P. M. on rrlday. Novem
ber 20p. ai he office of the under si cnert. 2ANai.au
.Street, Now York City, ft. Y for ihe tale on De
eenibr2, 1012, of sutrtelenl bonds al notesceellnc
lnll nf par In eahaust Ihs snm nf Thlrty-lwo
ihnusanil two hundred and Ihlrly-nne and S-l)l
Pnllars IM2.2SI 141,
Oilers should be addressed to Ihe TRPHT DK
PAKTMI1N1. and prices should h uuoled flat
(without liiiercsti. .
Interrai due December I should be collected In
Ihe usual manner,
(iUAIIANTY TllCST COMPANY OK NHW YOHK
Trustee.
Ily A. J. HKMPHIU.. Presldcm,
November II, 1012. .
New York. N. , November 7ih."lCl'2.
The annual nirqtlne of Ihe iloekholdera oi Ihs
International Typesetting Machine Company fu"
the election of illrecmrs for lha ensulnj ear and
tor the transaction of such other business as ma
tiroperlv come before Ihe meettnr. will he held St
he onTce of the Company, No. 112 55'Ullam Nireui,
n Ihe City nf New York on lbs 10th day ntNoie.n
ber, 101, al eleven o'clock In the forenoon '
JOSI'.PII II. IIIDpr.tt. NrcrrMiv
WIRELESS SUITS DROPPED.
over contract prices, lo securo curly no-1 HAM coiir.N, .luilje Mayer has appointed
v cries nf plates, sliuprs nnd bars. Is still
a resort of cerliiin liiiycis: hut piiuliicci's
linve done well, luivlnu in view iiroloiik'liiK
(lie period of full demand, to keep ilicso '
liluher prlcsis from pullltiK up the irenvrul 1
muiket.
Aillel Vaiidevieirhc receiver fnr Sam ColieJi,
...-vl... ... SI I...., I... . I t IIM -
DAILY TREASURY STATEMENT.
WASIIINtiTON", Nov IJ The statement of the
THE MONTREAL MARKET.
I receipts and eipeiulllures nf the Treasury shows: I
Yesterday. This mnnlh, I'lsealyear. ,
Receipts... S2.lsl.S7s JJi.MJ.iu SMI.SIS.SIS
r.&peniiuurcs, j,9:3,tis ..enj.iMs aaa.siir,
Aaireement llrachrd hy ilniillah nnil
Orrmaa Companlea.
It was ortlclally announced hprc yes
terday that the UcHnllaclmft fur dralit
lose TcleBraphle, Uerlln, Oermany
liost known an TelefunWen Compuny of
which the Atlantic Comniunlcutlun
Comi)any, with otllcea on Went strcgt
here, Is the American mitisldlary, unit
tho Mureonl Wlreleii Tcleurupli t'oin
nany, with hoadquarters In t.oiutun,
Knnland, had acreed to drop all patent
HUltn pendlnB between them.
Those nre the two Inrnest wireless
teleKfuph companies nor In operutluu.
Urazlllan Traction
Cauudlau Cement
Canadian Cement of
Canadian Con Ituhber
Cauaulan UKouiuilve
Crown deserve
I if troll United lly
Dominion .steel Corp
Dominion Textile
Illinois T raction pf
i,aureutida
Meilcan Unlit A I'ourr..
Montreal I. II (t l
.Nova Scotia Ntsel a Coal
Ojllvlc ITour Mills... .
Quebec, lly l.i 4 1'
Hlcli AOilt.S'av
Shiwlnlian 55' A P
t.lieri IQ-Williams
.steel Co of ianaila
T'nronio Hallway
Did.
, . IS)
. . SSI,"
... 1(3
... t5
. .. litis
...3-5J
72'
'. '. t.U i
.. Wl
. . U2
'. ' M's"
.. 2iS'2
M',
. 124
.!!
, .Ills
Asked. Drdill 1(141.241 1I.S34.UI ll.0SS.IS7
i i The receipts from customs yesterday vvers
XM7.UI; from Inlernal revenue, nrtllnary, 11,17(1.
.Vv5: ciirpornllnn taa MM, nnl uilseellaneuiis,
f17..w. National bank notes recilvod for. rc
dempllnn. lln.ll l.5J3
The cash stateiueat nf the United States Treas
ure r for November 13 shows'
ni-sntvn I't.'.Nn.
(lold coin and bullion. II VI ,000.000
TIll'ST I'll.NO.
' To redeem oulsianitliiK eerlinrales. l,!MP,S2S,tA0
liK.NKIIAl. yil.NI).
Cold coin SlJ.Ain.ll.S
Cold icrililcalcs.. na.NVi.HO
.Silver dollars 3.3m,oa
Sll5er cerllUcaU-s M7J.70J
I'nlled Slates noler 4,101,605
Nallfinal bank notes 1,91, IK
Cerilileil (hicks nn hanks SS7.212
2
IS'i
to
3.57
T."-i I
ml i
7tl I
W1! i
Su'fc
13
ll, II'.'
mi. 137'k
Ml j Ml'g
MO I (0 1
Tne Wall Street edlllnu of Till. I'vknimi Si's
contains all the llnanrlal news and Ihe stuck nud
bond quotations In the rl.i-e of Ine market, T'U"
closlns utiotailons, Inclttilliiir inn hid iul asked'
prices, wltu addllluiial news nuiier, sin contained i
also In the nlihl and final eUltluna ul TTik I'.l km.nu
B0H.-4US. v, I
Total lU.Vntl'UOO
Deiluu current liabilities.. . l,sin,-cx)
Wnrldnix balance In T reamry 9l,lit.ino
In national hmil.s . 11,013,(111
Sllier bullion, subsidiary silver all
i minor coin. Sl.nvTn
Avvalllinr rdnburirment.,, , .Ml, M.I
Uua balaace 4,MI,ll
ITALIANS WITHDRAW CASH,
. i
Kaal Side llaaka Thlak Klecllou lla
Alfecled Deposits. ,'
Tlioro has lnHn much tineasineaa among
memlvnra of tlio Italian colonies In the
city sinew the election of Gov. Wllsori,
Many have laion "withdrawing their de
poiiiu from lianka and hiding the cash
or aondliiK It to Italy.
Although no serloiw "runs" have liecnj
prcripltated by this nvorcautloTiem-sd
It is admitted that morn have T.'lthdrawfi
money the past wnelc than have mad'J
deposits.
Ilarrlmaa Katate Klaal Arcoaallnw,
The fnal arcountlna of Ihe estate of
K. II, llitrrimun will probably lie maile
In Ihe Slate Tut ApprnWrt for Orantfo
coiiuly soon ufici' Ihu lliml heurini; In tlio
appraisal pronentiinss u men will Mils pitoe
I
duo Octobor 1." 1913 at 99,93 and interest ' u
191(1 at 99.86 "
1915 at 99.79 " " ;,
lOlti at 09.72 " "
" " 1917 at 99.61 " " - ;
" 1918 at 99.69
1019 at 99.53 " "
1920 at 99.48 " " t
f " 1921 at 09.42 .
1922 at 99.37 " " . ..
" " " 1923 at 99.H2 " " J
" " 1024 at 00.28 " " ; - ' . f
" " " 1925 at 09.23 " "
" " " 1926 ct 90.19 " "
" 1927 at 99.15 M
lu this city oil November w.
