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THE SUN, THURSDAY, DECEMBER 14, 1916. J100 Years of Commercial Banking THE TioNA City ( Nf w Vtrk Capital &Surplus,$5,000,000 Resources, - $80,000,000 Chert tr Member N. Y. Ctetr'mt Hemte Member Federal Rtxerve Bank Vniltd Stalls Depository t. 192 Broadway Cor. John St. lANCHr. Greenwich and Warren St. Bowery and Grand St. Ninth Avenue and Htli St. Broadway and 18th St. Fifth Avenue and 20th St. 2 Went 33d Street. 57tl. Street and Third Ave. Broadway and 61t St. 8Sth Street at Second Ave. Broadway and 104th St. Lenox Avenue and 116th St. 125th St. and Lexington Ave. We Invitf Your Account FINANCIAL NEWS . AND COMMENT Mnrknt Turns Strong s Brok ers Foil to See Good Pros pects of Peace. IMHLIC TILTING HEAVY ! Steel Issues Prominent in the Uny'n Onins of From Two to Four Points. December Bond Circular We thill he pleased to lend a copy ef our December Cenetal Bond Circular to investors on request This circular describes a compre hensive list of carefully selected municipal railroad and public utility corporation bonds, which t recommend for investment. fend for General Circular 91 Harris, Ftriit & Ct ft Mr, earner WlUJaias NEW YORK Pere Marquette Rif hts on Refunding Bonds AND ALL (HI and New lends and Stocks DEALT IX F. J. LISMAN t CO. Members N V.A Chicago stock- Ki.h.ngiu 1 RROiltWAT. .KW TORK "The" Specialists in Steam Railroad Securities Since 1890 Milliken Bros. J.K.Rice,Jr.&Co. aone4001 to 400 John, .tit Walt Si., N. Y. W. C. Langley & Co. Investments 115 Broadway, New York Although definite peace proposals frnm (lerinany suggest lmportiint possibilities J for the various American markets, there Is no Indication In the course" of any nf those markets that peace negotiation 'nre consldcird a matter of the- Immediate future. Certainly there Is no basis for I the expectation that Hi war soon will 1 come to an end. Judged by the puhlkf re ' rcpllou areordeal . the (Serntan offer In tximlon ami Marls, where, so far as may he gathered from cable despatches, ridi cule lather than a welcome In extended ( to tlm repotted terms upon which the I Kaiser Is willing to withdraw his armies from the field. , Walt .Street la following the lead of the Itrltlsh and Kronen capitals In Its re consideration of the prospects for peace. Stocks are from 2 to I points above Tues day's closing levels. Thfoiighout yesterday's session In the Stock Kxchange active Inlying was re ported for loth accounts, with the selling In great part representing realizing by , operators, who had gatherrit in securi ties In Tuesday's break In prices, and liquidation for out of town Interests who 1 had been unable to place their orders In that movement and who were too timid to remain In the market despite the generally liettcr tendency of quota tlons. A large amount of stock was ab sorbed Tuesday by persons who for weeks had lieen waiting for a profitable , opportunity. And the sinie sort of buy j Ins was reported yesterday. t.ast hour buying was especially good, I with a great proportion of It for the ac count of the public not a plcaune pub lic, but. according to commission bouses, a public with big bank accounts ac cumulated from the profits of the last I twelve months of prosperity. Interests Identified with war munition manufac turing concerns nnd with compinles that have done such a large huslness In sell ing steel to domestic and foreign con sumers were buyers. Peace may be In the air. but the steel men are closing additional contracts for steel to be tised In the manufacture of shells, the weekly steel trade reports pointing out that con tinued prrpirntlons for extensive war faro are reflected by the lieglnnlng of negotiations by domestic manufacturer for heavy tonnages of steel to cover contracts for shells received from the ! lintente I'owers, l'nlted States steel, which sold as low as 114 In Tuesday's operations', sold tip to ISO 1, xesterday. with the closing fractionally under that figure on a total ( of sIes.niore than 400,000 shares, while I the other steel Issues likewise were ac tive and strong. Hut It Is not neces- t-ry to pick out any stock or croup of stocks In sunimarlalng the market The whole llt was strong and at the end of the day the character of the bu vlntr was so Impresilve that the speculative ele ment went home with a decided convlr- Itlon that the way had been psved for further Improvement and that the peace movement might be considered merely as a matter of history 1 Notwithstanding this bullish attitude regarding the prosperts for more war 1 there were not a, few conservative bank 1 Ing Interests wno. looking beyond the Immediate position of affairs, could see In ficrmany's proposals the entering wedge that eventually would tear the dogs of war apart and bring about a settlement that would help n its ulti mate effect all markets at home and abroad. I Sterling exchange failed to respond In 'any way to the peace talk, but rates on llerlln and Vienna again moved up. with a large inquiry developing for relchs marks from houses which prior to the outbreak of the war had been actively Identified with Herman mercantile oper ations. Such houses naturally would be anxious to have substantial credits In Merlin In the event of the peace talk leading to a cessation of hostilities. -Money on call was relatively easy, with call funds ruling at 4 per cent., as compared with 4 per cent. In Tuesday's market. Wheat moved tip with stocks while cotton also reversed Itn position from that of the preceding day. KIDDER, PEABODY & GO. US Devonshire St. 17 Wall St. Boston New York Correspondents of IARING BROS. I CO., LTD., lind,n BID AND ASKED PEICES. HEW YORK STOCK EXCHANGE FlIOM Wkonespat, Dextmber 13, 1918. Annual dividend ratea nro quoted In dollar. -Closing.- iDlr.i I Jlld. lAk, I nt.l Sales. l4 .1. SI 121, .7" 30 s84 10P4 M4 19.1 RH 72 61 4 1.1 4 7.1 29 20-1; r.34 19 3941 S24 124 8 .11 88 101 14 92 209 56 114 724 .11 164 -11I 29',' 2141 r.4 400lAdviinre. It. 200 2900 I C00 400 S.'OO 400 8100 Advanro It nf AJax Ittthber Alaska (1 M Alaska J AlllH-Chnlmcrs ... AlllH-Chalmern pf. Am Heor sugar... . dcu nm iirvi niiHH I BOOlAni Ag Chem. At 87141 88 lnr.HiionH 49 " . 50 1 10 1 10 111 Mm 981,1 99 rtSS1 H9 II.1HIII4 120 1121 2 2V 12.'ii I2H I 21.'. 218 insH,io:i 4914" 49?i 11041 ct r.p.. ;.3 7t ; 74' mv' nit u . -t ill U "0 101 !t04; looNiioo- ioohIioo 1.18 lUSS 70141 7014 121 1122 7.. ' 7.1 i 8 4 -I; 8.". 71 1 74Si' 4-i i. n,; .. .190 (59:. ' 301 ISO 'l(?2 i.i2 In.-. 70 I 72 7i I" 91 97 8.1 H' 87 68 200Am Brake Shoo pf iu" .m fan. SOO Am Can pf 12000)Am Car !' ex dlv 1001 Am f'ot Oil 2000 Am Hide A lentil G100 Am Iliilo Lcatlt pf. .. ttOOlAm Ice 12001 Am LInKeeil Co K.OO Am Unseed Co pf 13300 Am Loco .100 Am Loco pf .100 Am Malt pf 41400 Am Hmelt 200lAm Smelt pf 1001 Am Smelt sec A .IHOOlAm SIopI IMy KOOiAm Sugar 100 Am Sugar pf 400 Am Tel A Tel rts 2"00t Am Tel & Tel... 4001 A in Tobncco 100 Am Tobacco pf . . 1. huii ,ni woolen 18 '4 18 18 34 3ft 34 82 80 82 13 12 12V4 8 7"i 8 3f 28S 31 88 87 101 1,4 98H 101 H I 92 i 92 I 92 200 18 34 80 12i 7 28's 87 98 "j 92 19:. , fi S r;i .17 114 111 70 ',4 1 7214 70 U r.2 r.2 r.i4 1441 IKS 14 70U, 731 70U 28S 294i 28'S, 21 1 21 '4 20 t r.2 I r,,H4i r.2 11?!.. ' fl'. 104 llon4 linfi I 474 no 4t4 1 2 no r.r.sl sH 11.1 M13 1 H 4- r.H4i ir.4' 73'4 29V4, 20'l r..iw 871 10414 r.o 1 4 1 Mi 3U 1H 1 m 1 2S u 1U 1 si I ',4 IDW.I I nt, Sate. 98 7 800 12 .. 500 2.1 . . 400 1.1814 8 1701) 2.1 . . r.oo 124 .. 2fir.no 104 7 100 33 4 100 114 .. 100 72 4 2000 3V4 Cloetni-. Bid. I Ask. 974 m 24 ir.8'4 24 12Si 103 32 Hi 7m r.i4i r.2 4 64S 47 I134 113H 119?s 120 12m'1214 114UI114I4 I r.l o.. 164 10.1 114 61 14 ' 484' .11 ' 244 .. t r.3'41 4' 167 101 Itor.ii t: tin 7 4.14 81 1 7i 1U' 108 110'j 123i 12.1 . 1M4 144' 41W 4ti, 92 93 124 124 38i 39I4 38 39 25' i 254 34 34 .12 ' .14 h 83 84 H 71 72 'j .11. .114 47'V 4714 47 '49 1 12.1 1 124 61 62 94 94 133V4 134 ',4 2S 23 U' 110 4 111 774' 774, 1194,1194 &84 19 ' 97, 974 1.10 mi 42 43 119 123 10 404 2014 204 4.1 70 34i 344 .114 .'.1 '4 41 414. 6' 4 71 , 34 4 ' 37 ',4 17.14 177 I 1184 120 1 694 70 99 100 1164 117 414 42 4S 49 IM 140 U'i4 121 SI 4 s2 10.14 104 63T 44 22 224 BO .12 ' 45 U 4.14, .17 r.74 1044 10.1 17. 174 73 7.1 81 82 ' 26 ',4 26 69.' 494 .12, 524 1014 102 . Ill 1114, 49 r.o 1 314 314 80, 81 21 1 2.1 131 132 614 5 1 4 42 '4 124; .. Ill 1114 66 644 10 7.1 ! 76U; 7 IV. 8 4.1 Closlnt prlcea o stock. In which were no tr.n.irtlona yeaterdar: Bi t. Aakad A 'h lifinji, 1111 AllkVnw III, 11 AIILNopr .-, 1; .'.I llei tlMHj IIS Suggestions for Investors mar be bal on request A. B. Leach & Co. Ime.tment Seeiirtll.. (2 Cedar St., New York CkleifQ BOStOD I lill.ilelphl. li.ltliuors llufT.lo 1.OO.10Q Pere Marquette Issues (Old and New) Hvusht nnl Soil, FREDERIC H, HATCH & CO, riinne Hrm.il .'.1 10. no llrund M New Vork I'rlt.te lkili..i.i. In Hn.li.li ml I '). 1 1 a ,1 i-l .li I a I HI ins i in 1 .V"G 31 :io u ui r.n 2t Its ra ii" 2111 i in 2.l'l, ..i 's' no s 1 1 GIRARD TRUST CO. PHILADELPHIA tllAHTKIIKIS IS 111 CipH.1 and Surplis, s 10,000,000 E. R. MOIlltlft. I'rr.l.leni . N. KI.V. l.e-'rl,ent A, A. JAl'Kxn.N Mce-Presldsnt K. m. I'.M 1 K, llcr.Prrsiilent (J. II. m ii'ak i .inl. Irei.ir.r K. MUKIilS. lte.Till.tr IUIIIK.lll.il s-W Union Trust Co. of New YcrX HO HPOADWW rtrtb At. A .'isili SI tun. Av A colli hi. .CIIHEUCUT0R.6U.n0llll.I8UJTEE.Ett, AIIiim Intert.l till llcpusll. ' Allrxho AlllXiipr AfrAKpfllT ; Vr.iCkil AmKllir .UJ Amsciiiir 1 1 j .111sfi nr in . net Annrl- ;ni Aiinr:if hi It.rrwl'. pri Isl, tin IMhstlpfl -, I ft-, iiuiriii'iiri 111 llurn.lt tri.ll MlnhTer I ml t'ltitf.r.vjj'n CenAH TI.VIe fhlAAIl I'l ChlAtAlpf SI foil No :rj ('..No I nf l'M(,8nr III 'oni .tl.i -jt fonflipfl IJ 1 'on I ih in 'rli('r i t'liA"!! am I'flAsi, pf f mi nuw w lpTnf 'is llrnMiiir 7 llelKill.ii I IT lliiiss.v Diil'WX . fji, Krl'M'tM (2'i fclM tr. IV'INts pf t 1 , llrnChrinruvi Cc.iCii pr in, OeiiMi.t. ! lidrrh pr 1 10 i'iir 1 nfprt (inirs . pri j llirvi pf 1 1 4 llr'i -if ifj 1 1 '- m 1 ia iiiwui 1 in'i ili--k n' in", ims'i nr in? loMTl'V't II I l V'l Itf i-kcIT nf in'i .ll.arvr I III .ikk 1 nfi i:i i'o.r :.k i..s,iii r.i HUM nf KeiltT pf til Kliiff.Klrciyi I HAW -1 l.ljM Tnl. VA I.IkMT nflJt lonl-ll ,10 I arllhird VJ7 pr 1 17 i.H II I ,.f VI i.u 11 pr .-n M.rkill I' VJl l Hill flh I 1 Mnnh K.I I '.II M.11I1HI1 71 MmiMlin 1 IJ MhiIIsi lilt MIVtp. 17 tkera Mlrh On.t l.'.r ,V) I.MInUP ' NsNf US',' o .Mtfl'ASS M p. 13s .MII'AHS ..Mt.i.. si "oTI'l'MI? H7IJ ' NSnr..lv 2ASo 2i',4r vchi-Ni, n T10 " 111. I'll .0- NstllUp 124 127 Nl-.dp.ll2 111': NM'sl.lp 77 s NVl.tW 120 w.vvt'p. h.ms Pw irtcr .'0 ' l'4C lip 711 fM I'.vi'an to ho I'.irTAT. a.'. :i I ITATn 1ST t tnn IVIA.M. - ,V IVt.AM 1 1. HM I'I'I ''All, soli HI pri'VHt.p i.j u I I'll' I'm I 10 IMI I I'l". I'l.. 1111 120 I PKW.V IVU, I PllhH .r I2'l l.lt I I I itisiwpriiio mi ' Itmd I p. 1 1 4.M: I'".d2i 11 411 si"il . I . 7.1 1 1 K l I .1 ' III 171 It'll 111 till Ins 1 l". tll 112 I IH .'II KI I22'j 2li '.k'l I I'll 111 2.'.. 12.11, mi 111 km, 4 I if! Illl (to 'irs.lt p un'i H:.'IM.I 2111 MI'IJHm n I ll "in VIM o; Hiind Mji sr Hi.irlM'f inoi. let ! I.TI.'II 'in ini 01 112 111.1 1 Ti.'i I'ri.r toot; nn I s I T..I1, in 1.1 ' I Ti-IM Wp ;o 2.1 1 ..i'.i t. prelfs. ti 1:1 , Toll 1. AW prill, iif. t . TsJ'll I' PI Vnt'lfl pl20 1,11 I iidf- III I III 1 I il'liTep Illl 1211 I llll.t I' p. Ml Kll , I lll'luM III 4S t n' M p. K1.1 inm: I'll! 'IS. pi IHIi 1 1 I'll limit. 7.T 7.1 I'nDpr ,vi r.:i!, l'nlvp (H 'j PI I I Mt'll'pf, 2 1,11 I'HKip 22 2:i is 11 a, up it, iti , Va-i l'h pi 12 111 Va II A I 4M WHI.KK.S.I.I7 141 Wi-.lM.lp 44 4H 1 CMtlnv 1 11 70 7.1 Wonlw pr 121 ' Worm A, (hp; im 1 World II, :.s nil I. K. illl iilrinl Wli.re a "r ' follows a iiunlallnn It t nit- air. tii'l nr offsr 1 lor l"n ttiaien I 4 . I. II. Ilalulal an llrtlrrrf I.I.I. Ml I.STttKA I., flee, II -W. It, ll.krr. IT mlur) nml Hlilnt In the pre.lilrnt nf lbs r.ii.cll.n I'ftcinn llallH.v rnmpany, ha. at Ms r.wn rriie.t i..n placsd on the retired list, Krntu Alexander succesJrd hint. 11 4.1 67 ' 1034 101 I 42.. 424 10 ',4 104 20 ' 204 3014' 30 4i 174; lS'i' 17V 18!4 34 4 35 61 4 1 3 10I4'06 1 80 ' 81 64 '4. 65 33 334 98 102 29 i, 294 l.V 140 1064 10114 384i 414 . 62 I 63 38 48 51 I 554 .. 31 I 314, 1 1364 13741 7 8.H4 J f.5'4; 73 734 r. I'll 1 I I" IID4 111 no .111 4 ' 64 99 100 : 10 25;' 254 .. 35 34 1 ..I 994101114' 7' 564. 54 U 3 in.14'1064' 61 1.1 I II 134 484 1 49 110 III 1 .. 10241103 I 7 8041 81 ' 6 10.1 106 1 7" 163 1 1634 30 4 304. 54 56 4' 814 814 II 14 115 1074 I0X 201 7 !4 1094lU04'108'S,l10t4 24 11.14,1154 ii54'iir.4l .. 984 984 984 98'4 "s 48 ' 4841 7 484 1 1, a a i tnl. Ii in ' t . 8400IAm Writ Taper pf. DoOO'Am Zinf 300IAm Zinc pf 74.100' Annroniln 900'Ato Oil Co. 11.1 115 II3U'1I3Ti ..'121 121 121 121 1 .. 2 1-14 2 1-14 2 1-14)2 1-14 ..'12.14 124 12.14 124 j ..1217 2174 217 217 I . . 109 11 Oil 109 109 . . 47S 494 474 494l ti 9 ' 04 ..I 504 1 53 ..'73 1 73 ..' 884 9I 704' 704 14 '.a 58 4 1 40 4 1.04 53 88 4 48 914 48 4' 430OIA. T S 1-V '1034 1044 1034 '104V 8001 A. T & S 1'.! pf :.0lA, T S Fo pf . . 10300'At. fl & W I 400'At. f W I pf . . . 200IAt foast I, 15300 ItHlilwIn Ixico.... 3800Hllt fi Ohio "OOHtnlt Ohio pf. .. 400 Iliitnpllns 400I1WI1 Steel 500'flarrett t'o 100 Uklyn ('tiloti f!as 100 llrown Shoe lOOIHnmswIcIt Co.... 100 Iluf, It & P 400 Itnrim Urns 80001 Itutte Hup 4000'Cnl Pet 1100'fHl Pet pf 1900ICnn IMrlfle 32100'ren I.eiither 100 Ten I-iitlier pf. . 620U flies Ohio 200irhnmi:er Motor lOO'Chl Kast til pf cq ctfs 1200 Chi N W 11O0 Chi (Jt West I00 1004 100. .1007, 1007, 1007, . 1334 139 133 . 70 .1120 1004 1004 1.1s 4: 04 70 70 41 120 1194 1194 1 ' 4 24 rn 3 3 44 24 4 !34 45. r.4 1.14 564 30 r.8 27 1024 52 224 r.i 4 374 98 r.i 138 32 214 444 57 ' 14 ' 57 . 304 58 4! 284 103 I 524 224, .12 374! 99 I 52 I 1384 33 1 10 Open-inr. est. United Clirar Stores 98 98 Pnlteil lUillwny Invest... ItH 11 l'nlted Hull way Invest pf 24 244 Pulled Fruit 155 1584 I' H fust Iron Pipe 23 4 24 I' H Indus Alcohol 1214124 I' 8 Indus Alcohol pf.... 10.1 1 10,1 I'SIU Imp I 33 33 IT Hit Alt 14 14 v H Hme It na- 50IJ H Hmeltlnar pf 21300H' H Uilhber 10011' H Itubber 1 pf 116800 I ' H Hteel 1000 IJ H Hteel pf KOOOO'l'liili Copper 310011'tnli Secnrllle Corp. 1800 Va-fHro Chemical ... 1300 Vh Iron, Coal A Coke. 2000 Wulmsh 8700 WahiMh f A 2340 Wahiish pf II 10500 WestliiKlinuse Mlectrlc 1700 Western Maryland ... 2100 Western 1'nlotl Tel... 1 100 White? Motor 1J00O Wheel & I, K w I 3300 Wheel A I, K pf w I.. HOOOIWIIlys overlnnil 200VlllyM ovorlnml pf... 1200 Wisconsin Crnlral ... 200 Woolwortli IflOIWnrtlilngloii Pump .. 97 114 24 155 234 121 105 33 1-4 7I4i 714 7t4 524 66 67 1134 1134 1134 118 I120V4 118 1.tf.lf4ta'l.f11. 1124 1164 1124 23 4.1 56 154 554 30 ,664 '27 1004 514 21 504 34. 98 49 1374 33 234 454 54 - 16 57 30 544 27 I004 .' r. 2 4 . 224 ,i 51 4 .. 344 . 98 . 43 .1374 . 33 24, 46 .17 16 .17 304 584 29 103 .124 22 514 374 9,4 514 138 33 Lowest. Clotv inf. 8 114 244 1584 24 126 105 33 14 714 524 644 kl3a 1194 1214 1164 24 45 57 1.14 644 304 684 284 1024 62 224 514 374 98 614 138 33 -Set tmanf. 1 4 k 34 Ik 3 14 4 4 1H 4 14 4 24 1 i 14 4 14 4 2 1H 24 4 1 'T4 14 7 Odd lots. tllH'liidlttir extra dividend. Total sales to-day. 1.472,100 sharex. Same day 1915, 617,100. date. 214,874,300. Same period 1913, 144,926,501). January 1 to GOSSIP OF WALL STREET. the beginning of the European war the 1 l'nlted States has Imported almost as 764 714 8.1 , 834' 8,1 744 7441 744 I. I.' 1 .19.1 .18.1 .190 162 I4I 1142 !!!! 84 3100 Chi (It Wfst pf. 1 C. M A m P 1200 200'C M A St P pf 14.100 Chi. It I A P 2400'Chl. It I A P ctfs. 2.1200'Chlle Copper 18000'Chlno Copper 200 C. C. C A St I I00.C. C. C A St I. pf.. 200 Clliett. P A Co.... 1070o;Col Fuel A I 16700'Col C, A K 400'Comp T It 300'Con (las. F. I. A P 2001Cont In 300'Cont Can 400!Con (las 17300 Corn Products 1000'Corn Products pf. 28400'C'niclhIe Sleel 200'Crur;ltile Hteel pf.. 2.1500 Cuba Cane 2500. Cuhn Cane pf lOoll) A It 900 I)env A Klo Cr pf. 100 t)et Cnlted Ky.... 4100 )l..t Sectir 700 Dome .Mines 20u Dr.FKs-Seahury ... 10 100 F.rle 1100 Krle 1 jif 200 Krle 2 pf 200 Fleet rlc S It KOO'Caston W A W... 2700'Cen F.lec Co 100 Ccneral Motor pf. 6800!(!oodrlch 700'(lrnnby Con 70(i;(lt Nor pf 1 1500 (It Nor Ore ctfs. . . 300 Crronc Copper fiOO'Oulf Steel 100 llnrvcster N J. . . . lno H.nrvester Corp 500 Illinois Central. 30900 Inspiration Con 4111) Int Apr I'ori 1000 Int Aur Corp pf 10900 Int Nickel 28900 Int Paper 6100 Int Paper if moo interboro Con 300 Interborn Con pf 400 Jewel Tea 2B00 Kan City So 300 Kelly S T 4740nlKcnnecott 20800 1-ii'k Steel 200 Narledc C.as 400 I, Krle A West pf 1000I.ee Tire 230O Kehlcli Vallev 1 00 1 Loose-Wiles His 100 Ixinhi A Nasi 600 Miickay Cos pf 18200 Marine 34200 Marine pf 9500 Maxwell Motor 18500 Maxwell Motor I pf. 1100 Maxwell Motor 2 pf 300 May Department Store., 12200 Mexican Petroleum 13200 M In nil Copper 2500 Mo, IC.111 A Tet 1600 Mo, Kan A Tex pf 1200 Minn A St lmls new.... 700'Mixsniirl Pacific 3900 Ml-'niirl Pacific e-tfs 22500 . Missouri Par-lllc w 1 200 .Missouri Pacific pf w I... 1.100' Montana Power 200'Nat Cloalc A Suit 400 Nat Lead 62001 .V11 1 F.nnmel A Stamp. I 75 83 744 1 141 '162 1141 1142 ! 132 132 M32 '132 ' 70 4 70 4 70 4 704 8 8 ' 8 8 I 97 97 '97 86U 86 1 86U 444' 684 ' 4.1-4 484 . 23 '4 214' 23 244' .134 6.1 63 4 1 5.1 ! .;14I4'I444 1444 1444 .1102 1104 IO214, 10.1 11.1 11.1 11.1 . 454 44 1 454 , 108 108 108 ' '7 7 1 7 1214 1234 1244 111 11 uu 414 104 41S' 924 91 ' 924 4 14 1 9 314 Ranklna; Opinion of Peace. Banking opinion of the (Jerman peace! proposals, which was at variance Tues day as to whether the Allies would re ject thent or would submit counter pro-1 po.al. crystalllaed yesterday Into the old sentiment that an Inconclusive peace Is worse than no peace at all. It seemed to be the fact that big International hankers had heard from foreign corre spondents and had come, to the conclu sion that whatever the terms of the Teu tonic proposition the Allies will either Ig nore them nr will submit counter propo. eltlons so radically different as to dispel hope of peace In the near future. 1 much gold as there was produced In the world In the same period. 'II.- 64 108 121 14 404 914 4 2, 24 24 34 24 -t- 1 121 123 344 394 3 414 . 54 83 ' 714 1 494 434 48 124 1 414 92 4 91 121 364 3.1 244 61 61 83 714 494 434 41 127 126 414 HI4 92'. 4 374 244 44 314 S3 714 514 47'i 48 4 39 374 2.1. 43. .144 83 " 714 31 ', -t-47 4 -r 184' -124 3 m: 14 A Jnsf anil l.aatlnir Peace. The prevalent Idea In International hanking bonnes was that the terms of the Teutons would receive scant consid eration If they .11.1 not provide for per manency of (.careful conditions. "The Hrltlsh and French." said one prominent banker, "have been suffering frnm the same throes which upet the North In the first two years of our civil war. As the North had Incompetent and unsuc cessful leaders beyond number, and rele gated them one by one, o France, and Great Ilrltain have been obliged. Ilka Abraham Lincoln, to search for the man. That they will find men of the calibre of (Srant. Sherman and Sheridan there I no dniiht, and through them secure such a Just and laetlng peace among them selves and with all nations as Lincoln Implored for In his second Inaugural, Nothing but a Just and lasting peace, as far as It can be assured by statesmen, will content them." London "MatlatV View. The London Slntiit says It Is evident that If there are no actual negotiations proceeding, pourparlers are at any rate taking place with regard to another long dated Itrltlsh loan 111 the United States. It adds that the continued Inflow nf gold 1 'o the States Is also, of course, n, factor ifferlng some kind of guarantee against I stringency In money on this side of the Atlantic, but that It Is clear from the various cable despatch's from Nsw York that a great deal of this gild Is not being allowed to have Its eff-rt In ex panding credits. And the .Sfafl.it adds further: "We fancy that elaborate pre. SELLING ACTIVE IN ANGLO-FRENCH 5S After an Advance They Arc Carried Down to a loss of an Eighth. MOST OF BONDS HIGHER Investment Baying Reported in the High Class Bail road Issues. In the greater number of Instances prices for bonds closed yesterday above the final quotations In Tuesday's mar ket, with the foreign government Issues; attracting particular attention because of the reflection they might present of the attitude of buyer regarding the German peace proposal. Although Anglo French Gs t one time sola well above the low of the preceding day. selling was active enough on the advance to carry them to a net loss of 4. while American ForcUn Securities Is ended unchanged and City of Paris 4s and United King- ( dnm 5s at fractional advances?. Japanese bonds, Herman stamped, were firmer. Investment buying was reported In high class railroad bonds, particularly In Atchison general 4s, Baltimore ami Ohio prior Hen 3 4s and convertible 4 4s, ' Chesapeake and Ohio convertible 5s. Burlington Joint 4a and Pennsylvania convertible 4 4s. Among the lower prlred Issues Missouri Varlflc general 4s, when Issued, Oreen Bay debenture Bs, J. K. Rice, Jr. & Co. Will Sell is American Ilitu.ilUit . s .KI Kmplre .tccl A Iron t nm, Pf.i S K. W. Hll.s e 'nm. " 2.1 Farmers l.wn A Teii.t 2.1 lneril.ltand I nm. A I'M. tiNI Milliken llri... I ...n. I en ew lurk Milpliiiilillng 100 N. . I. Hrr Insurance .10 National Fuel i.u. 141 Nichols Copper I'm, M New nrU slate Itullna). Com. fl.lMlnaer Maniifuctiirliiir 100 Safely Car Ilia. l.l, 100 Hj.m.lnrf Klertrli- turn. Pf4. V Inrheatrr HepeHlIng Arms J. K. Rice, Jr. & Co. Will Buy IWt American Thermos rtolll. .10 Crnwell A Tlmrlnw s, , 2.1 Kntplre Meel Irnn rrd. 2.1 Farmer l.m.n Trust tork 2.1 (iernmnln Insurance in lllnhe Kntgera Ml Ingersnlt-Kand Com. Pfd. 2.1.tosepli lll.nn Cnii-lhle 20)1 .Milliken liens. Pfd. .VI National l-ii.l I.hs AO New nrU Mute Rallitsj. Tern. AO Ohio Illl e n. AO rtlelps Ito.lie A Co. .10 I'ralrle Pipe I Ine J.K.Rice, Jr. & Co. Phones 4901 to 4110 John. a Wn't it , V f, cautions nre being taken whereby the 1 , ,...... . . , V..il ' ' gold Is rendered less visible than would! '"T .'Un.'1 untlltiR 4s and 1-rlsc be the case In normal times." These conclusions of the Sfrtffat appear to tally with the facts. SHORT TERM NOTES. 9 124 214 2.14 108 4 110 7.1 78 1194 1194 .174 59 98 98 414 93' 134 132 21 2.1 1084 110 7.14 774! 1194. H941 55 4 1 59 97 4 974 1504 1.104 1504 1504 40 42 122 122 12 . 204 . 69 4 . 3.14 ., 51 . 404 .! 474 . 1 3.1 .174 . 120 . 644 . 100 . 1144 . 394 . 48 .111 . 1204 83 40. 39 , 204 49 3.1. 604 4014 474 34 174 120 66 994 1144 1144 394 414 18 18 4 141 155 120 4 120 4 1204 83 83 83 42 2074 494 344 51 414 49 37 1 177 120 70 100 1144 124 4X, 1.1.1 42 j . 40 20 U 69"' 34 51 414 69 37 1744 120 694 994 14 . ' , 1 ' 34 2 I 24' 4 "4 4 1 'i 4 14 14 1 1 4 1 24 '34 24 . Margin Money Abundant. There was an abundance of both call money and margin money In Wall Street yesterday, while there was.no suggestion In the position of commission hntme speculative accounts that the decline In Tuesday's market had attracted further Important liquidation for outside inter ests. Calls for margins were met and In many Instance. customers took up their stock, while In other instances not only were additional margins provided but holdings .ere Increased, especially In the stocks which suffered the most In the "peace panic." Commission houses reported that heavy buying orders had beep placed with them for public ac couut In Cnlted States Pteel and that many of their customers who had taken profits in the stock when It had aold nliove 12.1 reaccumiilatcd in the neigh borhood of lit, They reported also that war Industrials which had been liqui dated from 3 to 10 points above Mon day's best prices were bought at the market throughout yesterday's trading. a. Sent. IS 7 July lo.'l? JlllV 101 Mar. :.': July ls:t fepl. I0i; April Ills , April 11; l- Illl .Nov IJI7 AUK III Nov. 1117 Keh. 11. U Rid. Asked. ' innt. 101 loot, loo'. tt, loo lOOS s', loot, lint, M1. 1 00 1, M4 1001, tool. 101 102'. 107'. SI". 1004 tool, ini', 10JI, loot, IOl, WOlf toot, Ml, 1001. n'i ton 100 loo", 101',' 1011, ion, loit, in, 1001, r', 1001, )'. 1001, .111 Ml, 1f t loot, t.l. 100 M, 100 too 101 100. 101', 1004 101 h 4 4 loot, loot, tot a ?i. s'5 9', imp, ion', 7 t 12 4 4 105 10.1 10.14 IO514 1 14 61- 61 14 20. 22 14 18 ,111 1 41 45,' 14 41 6 -U?4 -- 18 52 44 4 4.14 55 58 102 4 104 i; 174 73 2 26 69, 53 80 234 49, .10 1. 1 98 4 102 110 111 . 48 49 I 314' 31 1 794' 807, I 214 244 130 1.10 102", 174 7" 804 234 49, 50" 4 98 4 1044. 174 73 82 24. 49. 32 1014 f 14 110 111 14 44 44'. 40 1124 664 ! 74 , 45 "a re. I101 414 9 4 194 29 16', 16 33 4 . 41 1014 8(14 63 314 61 43 4 II 14 44 744 4.14 6.1 1 101 42 10 4 204 30 1. 17 1S1, 35. II -2 18 314 794 24 4 130 4(4 4.1 39 4 4 3 4 1114 11 14 49 31 804 214 130 14 4 1 Call, (lalrkly Met. One broker said that In his twentv fle years experience In Wall Street he had never before known a time when the response to calls for more ma ruin had been so quickly and abundantly met. In Ihe r.t.e nf his own customers, he said, there appeared to bo 110 limit to the amount of money they had for stock market operations and no uneasiness on their part over t'.'e outlook, which pro fessional bears asserted posfessed 1.0 many possibilities for trouble that the short side was the only side to the mar ket The weak public evidently has been eliminated and the strong public; Is In control. The latter bellees that the war will run on for another year at least and that the same argument for higher prices which has done such use ful service for long accounts will con tinue for months with the surety of fur ther big profits for the bulla. Security Rale. Kile. An Cotton Oil. .fi N'ov. ill? 1 Am Tel A Tel l', Keh. 101 Am Threiut Cu. 1 Jan. 1419 Anaconda Con Co 1', M.r. 1917 Brm.il 1.1 A Tr e'.j , Nov I. 'IJ BKiyn napm 1 t o. 1 . July nit lana.iun or ti t ananian -Mir uy Canadian Nor Ry Canadian I'ac Ity Chi Bur A I) B It Chi W Ind K K Cntutn Am sugar. Krle Railroad (ieneral Rubber Co V (I Trunk Kyof Can..P. (I Trunk Ryot Can i Hi. kin Val Ry V, Ini I Harvester Co. 1'i Kansa. city Ry i,"t July I. M Kan... City Term U.1 Nov. 1. U Kan City Term Ry 44', July IBJI Mlwourl I'm- Ry a". June III? Mnn Tram I Co. April 1917 Moriran Urlaht 1'i lec. I, 'IS Sew Kn N'av Co May 1917 N V N II. t II ft R. el, May 1917 oils Kletalor Co I'; April 19:0 Pennsylvania i June 15.'21 Cub See Cor of NJ I. Mar. 1919 Hem Arms 17 M C 1 Keb. 1919 southern Railway si Mar 1917 Culled Knili Co. J1. May lilt Ctah securliles Cor.as Sept ll.'n Waha.h Railroad I. May 1920 Westh K Mf Co.l". Oct. 1917 Wine Hep Arms Co J; Mar. 1914 FORKlti.N III1VKRVMF.NT ANT) MC.MCIPA1.. Rate. Due. Ararlltlne liov t f. Anient dot l dlsi AlKi'llline (lot 't 4 Arsi ntlne III slrrl ( II v or Honl'v. . Kr I 111 of I.Min.. Kr a. Nov. I'll City of Mars'., fr '. Nov. I.'ia city tif Monirral i. Ii-s- I. "17 1 Ityof Montreal 1'. May l.'l. Dominion of Can. 3'; .Mi, l.'i: Dominion or Can. i'i April l.tl Dominion of Can. SK lie.!. 1 '-1 lull. 11 (im t 1; (let 1.'7 M I Newfoundland l.'l ir, July I, 19 .r1, it1, Norway (iott a''- Oct u 17 inn toi Norway (.. 1 .' tV'i 1 'SI no 10 I'nivortjiii-lws- A pnl l.':n 991, in..', ItcmiUlc or Krone- t liienf ttia tut tMI Kll'slan liovernilll H, i Dee I '71 .(t, St1,; s ... I s ton 4 t'"' 1 991, W', ll'i S' prior lien Is and 5s were tlrm features. Hon. Is of Southern railroads were somewhat more actlte. notably Southern Hallway 4s and Seaboard Air Line ad justments. In the Industrial group Chile Copper 7s lost 1 point and Lacka wanna Steel 5s gained 1',. Total sales amounted In par value to 11.72.1.000, a compared with 1.1,0.12,000 on Tuesday and 13.5S 1.000 a week ago. Quotations on governments and sales of other bonds follow : r. . noiERNMKNT noxrw. Dee. 11. Dec tj, BM.Aaked. lll.l.A.kr,!, :. reentered . oo, ., ; coupon jo. ,. eii4 U. rerutered .ion', .. ion-, Js, coupon . 100 ., inn", 1. reltere.. 1 ttni, .. 1011, Is. ennpnn. 1944, , . , 10!, p)i (s. resl.iered . 1:0 .. no '.. ".upon . . DOS .. lioij Panama, reilitered 9". .. Is. Pin.mia, coupon 90 w4 ".. Pn.m, real.tere.1,.10 .. IM 3.. Piniii, coupon.. ..105 ,, 103 ., RAILROAD AND OTHER BOND. L'nlted Kln 5s when Issueit IOOO II Ht. inono ngli .vmo UM Ches O 4l,s 10000 021-1 4(X . ,Uk4 C A O cv Is I. .woo., 4000.. .IIHIj "ROOO smrnrn sec is soon 07.I4 nsai .P77B AngloPrench V. 40000 oniu .000. 1000., fMMMI, tnooo HOOII .041. ..0 41, 04 V ..W4ia .l4U .D41J Bid Aslinl Dec. Il.'lf loot, 101 1, '''"' Keh. :i.'l7 l, 00, I M.v t '?n liMVt. inoi. I Koisn May ll.'ro ov 1. is I innoo..1.n.'lsi '' O cv i,s ni ;ii aooo HO. la lor.n....o:i.V CH U joint 11 loot, no, 9. iifl". , 0:1, M', 97', 9'. 97'. too 100", n '"": 1 I Vsvin ', 99', I lA lonoo 'nt. . -mil :.v . "no.. 4.VK10 ,VTO nri.i.i tnon as .0n 410OO. , ,.IIHl, im M.rriH: ,. p-V, f li.si . .(im ,inm ., ,.i4"4 ,....i',p .1.-., .wr... ,HSJO ,U,t .n:t3i .-,000 .u h .moo.. .11., ,.i:Hil vis .1. .11 Ml. Inter Paper ft. 2i,.?4iK?V-.-"MM ini. .iDiu ......4 . ... ikt v si v low. , rnt t. ,.03-iai lfsx) 0:1 anoii .tin Uli'A ' n,A" w"-' Kana & Mich 4. ..ortV tnoo... .73U 'Jiasi ....HVtij , .BMI. Chi IndALnues RanaAU :d a ii. 1 is zi,,i .ii4 aooo. ...u Illinois Sll I Us .soon. ...0:11. Int AgrCorp .V. ronn ..7013 Intrrh R T ru. s. 194a laooo ONI, 71.10. soon., 1000 '-'is. I. , aooo. , looon Irs.) 20(111 IMIi o.i, OSlt 'Jis PSI. tisl, tS 1. Lessons of Experience Experience has taught the value of careful investiga tionof securitiesby trained experts, and the funda mental soundness of income-earning real estate as security for first mort gage bonds. Every bond issue we offer to the public, has been thoroughly investigated and purchased with our own funds. Each issue is secured by a lirst-clas building and land earning an ample income. We offer you a well-diversified list of first mortga bonds. to net 5' ' V. One of our officers will be glad to explain to you the merits ot these securities which are safeguarded 1 under the Straus Plan. Call, write or 'phone for Investment List No. 1103. SM.STRAUS ISO BROADWAY Cortland 6064 1 11 1 1 1 1, 11 11 k r it o i r N I H N( IM O MINNh Ptll t- Tliirty-fmir year uitlmut Inn to any investor. p. , a'i', r . .. .n . July 10,19 M.r. I 'is M.r. 1 .-0 IrPed KIliKilf (i II pt. 1 II DolUrs per i.roo rubles tDtl.tr. per 1,000 francs Russian (lot Russian Cot Switzerland (iot-'t Switzerland l.ov I CHEMICAL STOCKS. 41 7.1 12 4.1 101 41', 94 194 294 16 16 33', 11 664 1 34 41, 63 1 101 12 4 IO14 20 4 304 17' H4 3.1 ni 1 34 14 3 14 14 4 14 14 14 14 1014 lo:Pi 1014' 4 501 Wiit Kn.imel Stamp pf 99, 8. 154 81 61 334 99 29 160 209OO I Nevada Con 1800 IN V Air Brake. .. 6200IN V Central. .j.. .. HIO'N V. Chli: AV St I,. 100'N V, Chin A- St I. 100'N V Dock pf 2200 .V V. N' II A- II 3300 N V. (I At W 29 314, 29 ! 31 29fiO'NfirfiilK Western 1354 137 1354 137 Pf- 1014 104 , 38 4 38", 62 62 47 ,47 53 i .14 SO 4 8 62 64 314. 33' 99 99' 27' 29' 15.14 160 1014 104', 38 4 38 4 42 I 42 . 47 47 Oil" ... 1 314 1 14 27. 144 384 224 34 100 Norfolk A- Western pf . . 700'Nni'tli American 300' Nova Krotlii Steel 1700 Northern I'adflo 4300 Ohio Cltlin (ias 700, Ontario Silver 900 ()eiiH Mottle Co 1800liiirlllc Mull lOOjIMcllli- Tel A Tel '.'Oo'l'.in-Aincr Met pf 2.IIII I'l-iiiiKvlv.tula It It 200 I'eopleN (las 23011 I'hllililellihia Co 103011 MlttNliiire Coal ctfH llio'l'lttsbiirg Coal pf clfs.. 20011'ltlMblirg Steel pf 3300 1'iessi-il Stee l Car 30011'rrHHcil Slesd Car pf..., 400 Miil'inaii Co 400'QtilckslKer 19800ltav Coili'iil Copper 3l.)lllallwav Steel Spring... rilOilO Mepulilii! Steel 700ltciillillc Steel pf e..i- n.ly1 ii s..;, ' 70 4 1 724 ' 70 4' 72 t3541374 1354 1374 109. 10S I 100 I 214 . 35 '100 I 54 '106 . 114 1 44 112 '103 1109 III 108 1110 I I 4 I 441 99 4 100 144 394 229 ' 734' 98 11024! 284 23 2 244 27 .. 29 I 29 4 . 56 I 68 .. 98 1 38l 6' 314' 32 I .. 49 4 94 1 144 l 14 60 I 41 199 4 200 36850 500 200 100 Heading Seabiiaril Air I, Inc.... Seaboard Air Line pf . . sears-iiiieiiiicit 112 44 100 25! 21! 35 35 3.1 100 'MID 1 100 54 54 ' 54)4 104 IO.I14 IO.I4 41 ' 114 41 . 10 a m is;. II2 1I2 112 103 I024'l024 ., II SI II 1 8 1 . 105 1105 10.1 10.1 .163 1634 143 1634 . 24 24 2 2 . 2S4 30 28 14 30: . 537, 55 41 534 55 4 . 8II41 8 1 4 80 4' K 4 . Ul'illl.l '1111,111.1 lllli'i, IDl IU6 .11)7 ' 14 24 3 I 1 14 n 34 14 34 1 i 2500ISIoss.Slieffleld 100 4700 1100 300 600! 5600 Pf 16 374 227 71 100 28 26 29 10' 6 18' 19 1 .. 50 4' 61 I 3 .... U I 124 jna 115 834 12 104 1454 I4 ISInss-Shcfriel.l Shatliicl; St I. S F w I St I .oil Is Soiilliwest, . . St Limit Smilliweet pf Southern Mnclllo 2.1700 Soiillicm Ity 1300 Southern Ity if 15500 Slililebaker 500 Stiltz 3l00tTexiiH Co 26(l0lTex.is Co rls 200 Texiut K I'ai'llli' l00Tllirt1 Avenue 280H ToliHivo Mrrslui'ls . , . , I8l)0illnlon line & Manor. .. I'nion nag r faper ne.w, ins Union I'ailiio ..k J1434 Union raclflc pf 84 in'4 38 4 V7 734 100 29 24; 29 ; 5.1 54 97'.,' 9S',i 284 32 I 67 4' 94' II84'IIS4' 62 I 42 1 194 '200 14 374 22 1 71 too 28 24 29 MOO 19700 SOU 234 18 60 4 63 i.fi 14 381,4 227 73 100 29 2' 29 54 974 984 284' 32 674 49 4 1154 Il8i' 40 4 41 194 199 4 ..1 'a 21 4 "4 14 3 24 "4 3 14 4 1 4- 14 14 4 f- 24 4 1 Copper Stocks. According to some observers nf vev tt-rday's stock market the buying of the copper stocks suggested accumula tion by houses which several weeks ngo were known to have liquidated large lines at practically the best price, o." Ihe year and many points aboe those nt which the various Issues could now bo bought Interests Identified with the copper metal trade apparently are pay ing little attention to the peace t.i:ii. doubtless bectiise producer,, are prac tically sold out to Ihe middle of net ear. If peaie actually were In sight consumers naturally would hold off in the expectation of lower prices, but men In the trade asert that although there mlsht be a weaker market, with the end of the war assured, there would be no return to the unsettled condi tions prevailing In the copper metal market prior to the outbreak of hoe tllltles. Pence and Steel. Bujers of the" steel shares pointed out that early peace could not hurt the steel companies In this country for the reason that most nf the foreign contracts on the boots of Ihe arlotis concerns, call ing for delivery In 1917, are not can reliable. Companies which recently took orders for Midi steel for the second half of 131" had Inserted In the con tracts a conversion clause compelling bit) era, In the event they do not want the shell steel, In take the same tonnage hi commercial steel on the basis nf prices pre vailing at the time of purchase. The capacity of the ntee companies In this country practically Is taken for the en tiro first half of 1917. while In the case of many companies present orders for various steel products would keep the mills busy throughout the whole jcar without additional tonnage. nil mer, an Cy.n-tml't . -i nier. l-yanintil pf H Pro.lu. ts -'oke 172 ll I'roilin is i.-n't. right. 17 . .1-11 en .if Am.ri. a 24 l i '. 1 'lierni. n S'l i.. .'lieinlc.i ;.i !.. l'he'nli-a! pf 91 K tr.. Ila. hint- :00 I'ele-at I'hetnleal It K. ler.l . Ii.inl.'.l pf 103 -rport Texa. Sulphur 5S0 1'rrfpnr Tex... .-lll "5 pd..,IS; lira. .-i'l chemical run ll.tr-l-'iit Hro. IS3 ll.trriron lira, pf !." lli-tnkei r.lectro Chemtcai 60 Honker Klertro Chem pf s. Kentii' k e'olvay ;7s M.t!rie.iii-. Alkali 100 Miilhesnu Alkali pf 100 Merrima. e'h.inleal 130 .Muifor.i Co, II K 3 Mtitml Chemical 150 N,.tg.tr.t Alkali pf 10 P nn Sin Mfe en 91 ltd Illl Chemical Ito i In ih. inti al pf !-ein.t Jinll . I 'o . , 310 Mntth Agricultural Chemical. .. Miltsy I'ror... i;s ftamlard I'h.ml. ,1 of Pitts... tin I ,.ion Sulphur 1U00 Aknl, 32 i: 315 int 330 7 10.'. 00 399 100 ii tin I 10 110 7 toi inn r.o 100 310 133 310 134 .tllli.i I' Mrtstl-cv k K(Tl.t MU aeooo w:ta loon .1043. aooo 1101. lonon. . ,.n:t 1 1. iH.Kj.. ma I 4000 .1 i s , .if Hal B-'t. 0 M A ft I' cv K c Kis, M ,; , "") Otfts i,s linooo. ..7HIJ1 pon. ...o:ii4! fooo...ion , K.vn'-i r,r v. -Ooo n:iv noeai. .looul .woo. .mi AraenilneC. i sooo.,.1 imi Kan city Icr et , moo oa noon, ,.0O7,,,i, .1-77, city of Paris 4.1 ;oisl iiD-UiUck i Js n:i I 3OOO0 .OSIjI 200., .100 I .10Ol)...l nuu ..O.VTs, 000.1 . .1) IIVill ack Stl Is I9M ..n.lij 1.' 5l.tstl',kh,i:iri.i mi 1 ..O.VTsI es hum .loilj1 tai4 too.) n2VMirs...iiiii: '5?i in"--.-.--Qa'Ji'XS)...l O I li .nAi.. looon nil Doiu Canada 3.1 Chi. t N V3U. I9.M ; t(o 84' .1000 eninchl Hn 1st s I'"" nut 'ooo .. uoas iis.io .0-11. 140O0 OU- Chi Kf.tpRy iw .,,,..at y Ut IKt IOOO .IOOI4, vis.. .tiul, 3000 JPI4, Chi Kl.irHvl. .r, . M 7s isji 1 :n 77isi vm .ivj7i3 40r.t t.nl.i , . . .1 1., . . . . Trt :'. ' 1 L it.itraen m .t. -I." hh, tns. iu n I .VKTO. S.1O0.I. noon. I. VMS) IOOO ' fiOI.I HSM) VOI10. .IDOIj 3IOOO ,.0 1 1 1 I.S.4 MS I. 9J. . .IH.l .11,17-1 MS 4. tail "THE NEW YORK CURB MARKET nd It. miinev making po..hllltle, ' 1lil copyrighted booklet, with h.lf ton lltturo of Ihe Curb Market on s-jiii. 410O0 OOI3 Rep of (Tuba 3. 1911 IOOO Ofll. I Japaneae 4t,a I .1000 HHij Japaneae i.s3i I lOOOO 8 8. I Jap n tier .id , atom HO 1 aooo sola 1 Tokyo 9a i'oaoo 7 a NVCliy i-, l tooo lOOla N' VCIty i,. im oooo... 1 047a N'VCIty 1. 1959 S000 1 0 I 4 CONSOLIDATED EXCHANGE. 1 Alaska O cr Oa Series A 7100 .flit IOOO,. ,8.".lj Amer Atr cv .t. ,'oon ,io:t. si""'... 1 i;t IOOO .lOttla Althou:h the tra.1inx In th Consolidated, '""J-" ,' ',u Mork Eiih trj. , on a heavy scale, it I :r !"!. ? 'ill not come up 10 the .Teat turnover of Tuesiliv l'nlted Slate. Sleel common, which .liiiianl hnnils 10 the .mount of i::,W. . leader In In.liviilinl volume, with ita be.t price rererded near the clone. The luche.t let el. for all It.ur, were made In the lite iMltnr, when trains from Tuexiar vfrre .lib .lantlal Railro.,1 nncka aerieralltr wrre ironj. with many of the lower priced Issues In etiden. e There were aliabl. rallies. In Die minor copper stocks, like ilay, Kenneeott .tint Inspiration sale, of mlninr atoclia were aa follows: .uion .. I (Kll. Amerlce del a. 1000 1 .1 1 1.. Xo'Ufl.ou . Sash 1. loon 11 jl3 joon .. ,n.t, Mich Cell delils tsooo 00 llltw Gaa tat a )i"i ....u;is Mil .Vioneu. 4IS),..I o.-si 1000, Mioo 7 nit fooo... .7 6.1. ChlRMPRy 11 MOO... .8 7 ChlRMPref s IOOO 7.11 lOOOO . 70 3OI10 7l 10000, ...7eu Mlnn.t Sll. .V 1000 711 ?POO ...SOU ..U!??' i ''"Ui Msti-rtss M Chlt'n Sines. ,ooo 04ii lisio .lOOi.iMoKanAOkS. IOOO 80ls MoK A Te. 1, tanon 7rtij 1000 771. Mo k" Tei .'d 40. VI . A -J Mo kin. r file I iis.ki. ..II1II4 Chile Copper 7s looon... i!i a 4000 .taau "ono... 1 :tyi4 io i:iaij .voo... 1 nuu Tiono. ,.iaa iioon...inatj sins). .. 1 :i aii. ii.. p... in. I. wain.,. I iiatj when liie. I iriooo,,.iaai4 .ism.. ..oh. I Norf.4WPo.-ol. .noil ti 04 nun u 111 j Nonhernl'.ti' I -on... .04 .OOil . 0 41, INM. 1 04l ono 0 41. Ont Power s 1000 . .nuu Or h I, fde (- .vxki . n a 1 4 Pacific lias IOOO oas P.I.- I el . I tsooo .tnoi-i HOkl, .. I III) 1, radii.. Ill ei m.si n n I'eniM e'-.s l'li in..,), .. 1 mm looon .10114 inoml, . I Oil is I'cnn.i cm t norm in a tt I .4 Iron Mi Hit .v Iron I- I .H 1 . 'I l lU4P Ss 19." CtTtlnV-ttes IK.) 7 "j st l.s,,n Prin 'cr..-. A n.io 7 Oi- .'i.v) , IMW . ttiaai "1)011 t jnon '.'OI.1 inoiv) .mi II 1 I. sru hit' : 1 "LSI ii.sl 4'V" I !." PHD 'I e 1 I .1 sr..) , 1 . 'IMIOO l I In-1 i- I nun ois)o, . 1 1 H HI , t.too '(.SN) I) 1 oa I oai. na I oat, .71) .7C1. .711). .7(1 .701. .70 .70 G. t tt,n C-n ' Vrls It I.-O..I , ..Sd (noon imm ml 1IHHHI .Nil il.4San l'r,ni ...J I. 'Oi 1 8 1 stl.ts.n Kr.n I ..I I ma) 41000.. rnoo, . SI8X) 0OISI,. t a at ia'a" II! I a 1 iron. ...001. linoo Col Midland l Sties i Atlanta 10.1 llelmnnt . ."-ooiinlilfleld Cons tmo linllrlrld Merr l") lireat ll.iu i"0 Jumbo Kit I.TW Kewanas , . . 1.nn Rescue Knla lli silver lick inn Tonopah Kit . . VO Union Cons Open, nigh, Itr, lalil. 10 1 ;: ii., 07 . .01 30 I O 10 c, .07 .09 30 .2. ,:s .27t 4 en ,10 4 :.i .41 .07 09 ,30 in 4 T5 ,1 17 ,pa .vi e w 214 1 ov, is -4 I a 60 4 50 4 50 4 1 SECURITIES AT AUCTION. I3.nnn Sult.pee Mlertrlc Light and rnw.r Coinpany rtr.t consolidated mortcsga H per cent hond,, ilii. 19(1; May, lm, coupons attached, 4 ahare. Hllttepee llleeirle J.lght and Potter Cntupani preferre.l .in shares Hultepee Klrrtrln l.leht and Power Company common, HSO Int ". .Iisrea Penpl.1, Surety Company, It. I shire Andrens Molding Company, 135, tr inn .lu.res Cnlted Hlatra Lithograph Coinpitny common, $3 lot. 34n.on .hares rnltd siatea Lithograph I'ninpinv preferied, 121 Int. JO slmres WsnilerOlelneniann Hat Com pany, $m lot. JO share. Wanl.r.(lnemann Hat Com- .'.or. no (ill 6 13 4 103 1454 l 63 12 4 I no 1134 83 .l.'l 1 124 1024 nr. 4 9W 14 14 34 14 1-4 1 3 4 ). 4 2 4 14 24 2; Raying on Conviction. Wall Street was rich yeateiday In its supply of men nf conviction who be. llevcd Mnoks wero a purchase, Irrespcc live of iieaco or war, but It was Mill richer In the number of Ita followers who, without walling to learn the atti tude of the Hrltlsli Government on the (Ionium proposals, bought stocks on their isn.nnn liud.on Navigation Company p.r own conviction that there could bo 11. 1 cent hnnda, due Kehruarv. 1931: in. peace under any terms dictated Uy 1 tere.t i eiruirv and August, ii. ,irt,mny- I LONDONllABKET. CSold Mo.rnieuta. Mnre gold ns received ycslcrday ! ,upNnVdl"ou,,.,7,,77o.d.X from Canada, bringing Ihe total since llxthnnge lone fnlrl tlrm. with ronsoU laiiuary mm hi more man s,iiiii,iinii,niiii, '.. uu ...n ..r ina.. , nnnve yeieri1a or an amount 113.1,0(10,000 In e.x. the entire wot lira pro.liifiloii precious metal In 19ir., when the out put Mutes Sleel declined s point, and Am.smellSec us loon.,, I O834 nasi... 1 I 1 Am Ti. TclMs 7onn. .(Ill, inono. .,0 I 1, .IISRMI, UKStO ....O 1 I. Am Writ P Js (SOOO, ,8fllj Armour eij. .000 II 4 .MOO ia7H ROOO . .oaie A Ti S Fct s aooo . 1 ooia A'I A nr gen e. tnooo 0 4.ia f.000 044 7000 0 4 V tnoo 041, .1000 041, 1000 . .04 Maldwntv'n it L'oiai. loai, II A O 3, I9l siaio, , no, tooo 1 OOT, h a o ct ei,s :i."4VK) ..o.'if. 21x10 .ii.M. jnoo, ejnno. an certlftcates oi ....an CornProd .w 31 Ms a 1.. ..OMI4 Cumli Tel s USUI .IOO O Hi Hall A Waco it 11. si .nij 1 1.1. II11. 1 cv 3. liaai... I 0.1 Deu A Riot I Is :noi) HO-ie DerktRO ref 3. 1(1000 ..,.(1714 fiooo tf7 Del City (las 5. inoo .loila Iietn.it Ln (i... lis "I . ,8a ..0011 .MI.I4 D'MlllersSe.- 5. I'JOisi, ,7'stle 1000 ,.7'Jii 4000 7ai; Krle 1st con l 1.000 8,1 Krle cv Is ser A tnon ,hm 4IX) ..IIMIa Krle ct es s.t H IOOO .71) Ofti. Kriect e.ser D Oftlj MKX) .H4I; 4ISH.. ..OH. .no I'ac gnt t. when ls.ue.1 looo... l. .".wan), .. tllH.1.) lonn, , I (Mas 1. 'A KMS), inoi.) . rU8S) . .wioo .. 40000, . IOOOO . Mo I'ac 1000 I noon , 71.10, .'.ono, , lonoo isono IOOO . nasi .. .n.vta, sisai si 1 llallAI) sol. I e. Krle I'cnn Coal .'iion o .Nt .si ir (s IllllAI) P I, b, 2 1000 110 . W Va e. 1 Krle gen es .'(000 Hflljl IOOO . .TJUi roooo Hfl 'den Klectrie i. Hl',40hln 3i.s Mi.si ,1110 l()ot nna :iooo IOnV .liaaa). ,oai4 (Iranhy M ct 'SMSI . ..Oil's aa Series A ILIMOSV 31 (s IMS),,. I OOI. ,'iiaai a .a eejoo.. 1 07 llethSteel ex Sal 40OO.lO7la .'UK.).,, I 0:11 j aiamiml 4U)I. .. I llil'ls IOOOO., .107 Hw.y,. j A v cn .'.IOO,,, I OH .10110 OO 1I0000...I 07-V I) kn Itap Tr 3.1 Ureal Nor C, I9H V(Kioi),..l OOHi 7000 I OOla (Irceii lla) ..W Ilk II I'll lias Isl deb her it IOOO .107 S.'aVIO .. I.". llmh Trriiiill 3. .10(81 , IAIj 0,111111,111111, ' 1 s ni.-i.n 7..rril,t, f.iis.1 1 rrilllll ..I... , 1 O. . ....... ( lose unlet, ttllh weakness In tnetilt slot ks, :! O'stl, ftOOO I ft". , , ,. rul. hers, llrxll IihcIIoiih hihI on, sie.l Cal (la. . K . oi)o .1.11 i o( tne on. I fair .lirngth In hmne fund, 1'iilied I florm. ,.,,0 III. r.OOO I A 14 was heavier than In any preceding je.ir Since the nrst koIM dlscot cries In Call, fornla and Australia In IMS gold pro. diictlon In the world has Incrcaard from ttl.SOo.OOO in that year to a loUl nf $171,000,000 for last year, which com pares with $155,705,000 In 1JH. Since .tmerlriti. U.lie. fretn 1 to 3 m.lnl. a.. ..... marking ilovtu It. a pnrily let!. Amer bans failed 10 dctelnp further life Inter and the mark.! rln.d dull, Steel ,.nl tteak, Coiiao'i for inon.y closed at .'(', nw 14 Pr cent, war loan at 9(i, Mousy, 4 per cent. Dlatount raie.i .Short and three month bllla. I4VSH per cent. Oold premiums at Lisbon, 73.09. Cen I .cal her s. Hud A M fdg imai , 1 on , ss Serin. A aooo. .luaie, tnon nm, tnooo.. . 1 0a1.1i inoo na Cent Pacific 1st .tiidianaSlcel 5. .'l(aj..,103i 1I0OO. .,,.() (It. rhes a Ohio s tnoo ..ioei ChratO fdg y IOOO 0 3 III Cent (s I9J3 ?ono 87 III e'en rf 4a 11 200U 0 1 14 .CI7.I4 , .H7S! .1171 ..nil4 .07.1 n-M . . U7.Ni ' 7 78 ..H7N ..3 7-14 ' cv 3. certificates 1.-s 3 04 Mo I'.xcflc es clfs btampist ROOO .flS Mnrrl.ACo eu. jii . na7s Mont I'wr .v. H"i . .0(114 Nat 'I iihe V. 000 .. I OOI") Newark (ias ta .mhbi lu.'ll, ('cn delt a. 11111 . 1 1 a 111 . 1 I a . t 1 1 34 . 1 1 a .lilt. .1 1 ai, ' .1 1 ai, . I I UlJ . . 1 1 cn ocn t . loras) u a v nsw oai.i inoo .najl V V Cen ei ,. 1 lienoo ,nn . I8 ,1)111,1 n ci ,',s VMs) , H ,M j NY Cent en 3. 1 ini; 1 .'OISI IOOI11 s 1 1 en I,,-. ,i.s iraaxi ,7 71a N C.silall.e' eisto ,h 1 1. .NYMun Ry Js tooo IOOI4 M N II .X II Ct fc. SHOO .Ml Mtiiit.tu e. '000 .,..80lj XV A Put 1st es '.no. 1 11 1 1, NV Itvs-adJ Vi inoo .4 11 , '.'laaai ,111 '.'000 .4IH4 inoo .4(11. N V lts fdg Is IOOO .7 IN tUMO 74 N N Tel gm I'.,, IOOO 0 H s. toon nm. llsaS)... .OS's NcwOrlTrriA inooo ....rail Norrolk.4. w e' 3000 0.1 13 I'enna It lit tnoo 0 ns I' lxirlll.ini 7s loon ,ia7ie 1000. ..1 a 71.1 ?nra) . I a 7 1 1 Hits Cln Chi A .ML4'9,.er imai . I n 'M Phil naltAW e inoo 0 8lj I'uh erv Corp or N J Ja Ifaal oa). Ity Sleel Spr 3. nit toon ., ..OS Rending gm et I won 0,11, inooo .0 1 ItoplAS Js pieo looon ....Oil's Rome WAOrcn ,'4..) 1 o a SilaIron M v. aooo . 1 0 a Stl.tlron M Is vra) 8 4 IOOO . 8 41. ..let' . " 'i ..IH (100 ii. 00 'IOOO IIUV1 solid M. is 1 stamped :j.i ..h i'i I seal. I A I ...ti 1 ihi . iiv. ' .'eVlii 11. 1 .'.noil ,.d it s "oltell el.4 I t .'4 a 1 ii'. soiilhl'ac ct t I..OHD .. I l) nam I O 11 j lis. 1 lo t t "louthl'.ie ref I lis"! .Oijs. I 10.10 ..0 a soilthl'V cv I. Iislil . .Sll . Vllss) ,M7 r.'i.m sti1.. southern Ht ' 'J.kSl I II I ' .i lit M .V 1 11 '.( 7 7 1 1 I IX .'II. I I ' I "I I'l '.'111 M 1 t ...tr JOOil ' I I JSt I I . U't - ISll I .sit I s ti 1 .IH.l I I - 1. JIIMl 1 00.) 1 l.sio t. IK 1 . ' . SH Ml B . '!. lis, I V . 1 ' t i'i liS10 I .K N 1 ' I t MISCELLANEOUS SECURITIES I'lll ' ' hl.-'e pf . . . i.iaii'i-i .i.ipi... pi 'I', pi f'. nuler T. Ci f 111 lers ,eilt In e an Atll.r if 1 11 Amen, an V -11. r. i-i Alnei'i in Am -I alt T. pi f 111 lers pf At 1. I'ntl.ali.l sutn Stir- Itamharl llr.is f. s .t pf lUrnhart llr." ,x s '.'i pf 11 ila.lt rertn nil pf Mor.l.11'4 I'm:, len.e.l t, k . Ilorlen. CoimIimi...! l.ik p! Celluloid Chllds lie. taur ml Chillis Iti'st.iiil.int pf 1 'ro-'Ker Win-, .-f . . Crocker Vt he.l.r pf Del lti k A Vt ia' I'lllplre Sle A I .11 (Ieneral 11 iktnr ') , , , , Cienernl llakl'ig Co rf lir iv Nat ' e i..tuara.h lln. kl IB .!' t PrmlU' ts .. Illlernalioi al S ill Ini. rn.uuui .1 sl..r pf Mb'hlgin l.ini.t.oi lttlt'lllg 111 I. lines' me pf. . . Mltlwesl li-tllilii 1 . New .ler.e. In 11. .t sti 1. OH. lilenal Ot. I tie 1 I r pf I'll. . . Dndc A . Pratt A Vi I. .in. nf Ilellllllgl.in I'. I' t "-' lie 11 '.ii' I c neiiinig 1' I"'' I lima! link" g I' it 1 I ' a(el y 1 tr Ilea u A. I g I Muter M "iif. i' m Tl.le Water lll Wappler lllo A'apvler Ulec pf jt (9 II