TJHE SUN, THURSDAY, NOVEMBER 7, 19,18.
BANKS JIRGED TQSO- -'
BDY CERTIFICATES
.Vcdcral Reserve Board Starts
Campaign to Aid Tax
Pnymonte.
ONE-THIRD DUB MARCH 15
j j
d 1-2 P. C. Issue May Ito Pur
chased by Customers "With.
Largo Levies to Mceti
The Wdera Iteserve Bank of ( New
Tork yesterday' Inaugurated a .vliorous
campaign to get the" banks ot tlili dis
trict to buy new i.H persenL certificates,
to be Issued In anticipation of taxes by'
sending a circular letter to each bank In
the district The Issue of i per' cent
certificates started on August, 20 jwqb a
relative failure; only fl53.C00.00O having
been. Bold, against Jl.SOO.OOO sold In
anticipation of the taxes, payable last
June. The letter Issued 'last night by
the reserve bank' was -substantially an'
follows ;
The Treasury Department, has an
nounced the Issue of 4H per cent Treas
ury certificates of Indebtedness, series T,
dated November 7 and due Match' IB.
."ubscrlptlons are subject to allotment,
nnJ the amount which Wilt be allotted'
has not yet been made public The in
tention ot this Issue, however, la to make
advance preparation for the, extremely
heavy tax payments called for by the
pending revenue legislation.
"It Is contemplated In the revenue bill,
that one-third of the income and. excess
profits taxes (estimated at SS.EOO.000.
000) will have to be paid on Mstrch, 13. I
(This means a payment of, more- than'
11,800,000,000,. a sum- difficult, to handle
unless the new .certificates aro taken lib
erally.) "Tho 4 percent- certificates of Indobt-.
edness, which were Issued In anticipation,
of tax payments and are ngw outstand
ing; are convertible Into he new. series
of iVt per cent certificates, and will bo
accepted at par In payment with ad
justments of accrued Interest Any. of
the other Issues of 414 per- cent cer
tificates of Indebetdeness hitherto Issued'
and not called for redemption will also'
be accepted.
"The binks purchased freely the
various offerints of tho 4 per cent
certificates Issued In anticipation of the
Fourth Liberty Loan and this Ifjsue of
4H per" cent certificates, vvhtclr will bo'
received In payment of taxes It ,1s hoped
win meet with an equally good response.
"The Idea. "underlying this. Issue lo hot
that the banks should Increase their bor
rowings to subscribe to these certificates, '
but that they should make gradual 'prep
aration In advance for the hejvy tax
payments which are sure to go'through'
the banks In March. To thev extent'-that"
the banks can resell these .ce'rtlflcites to
customers having larje -taxes to; pay,:
they will relieve the stress and strain
incident to so large a financial opera
tion, "It hi not the Intention to Increase the
burdens of the banks, but to forestall
added burden- which -would fall on them
If they did not take the certificates and
Bell them to their customers?' Bankers
undoubtedly will respond bjrtakfng sub
stantial amounts of these certificates as
they have done In the past"
The rmrcrrase 0f a substantial amount
of these certificates and a- resale to Its
customers. It was pointed "but yesterday,
will relieve the Government's necessi
ties growing out of the- war Tho
greater the number of certificates-Issued'
In anticipation of taxes nnd taken by
tho banks, the smaller the amount of
certificates to bo Issued In advance of
and Fifty Liberty Loan, an announce
ment of a neW offering of these certifi
cates awaiting the outcome of the sale
of tax certificates. The latter possess
the advantage of avallabllltyvfor public
distribution, while the former usually
are retained In the portfolio of. the bank
or are wed In new borrowings from the
reserve bank. .
l - irr
COMMODITY PRICES
STILL ADVANCING
Federal Beservo Board Says
Belief Lies in Strict Per
sonal Economy..
RECEIVERS FOR BRADLEY CO.
Contractors Declared to Have
fB.OOO.Opo In Bxcim at Debts.
Ju4o .Hough In the Federal District
court yesterday named Stephen V. Hop
kins. John a 8heppard and George C.
P Lacy receivers for William Bradley,
80S West Seventy-fourth street They
must each furnish bonds of 15.000.
Bradley Is treasurer of the Bradley Con
tracting Company and he Joined In the
petition for the receivership.
The action was taken In an equity pro
ceeding brought by Henry W. IUchard
son, Jr., 132 North Grove street East
Orange, N. J a creditor with a, claim
for 13,951 for materials and money. He'
asserted that the Bradley Contracting
Company had nssets of 15,000,000 In ex
cess of Its liabilities and' that' Bradley,
in nddltlon to owning one-third of tho
assets, had $470,000 worth of New Tork
city real estate, subject to mortgages
amounting to $199,000. ' Bradley ad
mitted the allegations.
WAR STOCKSDNDER
SELLING PRESSURE
Pcaco Developments Force
Prices onSomo Issues on
Curb to Low Levels.
STEEL TRADE SEES
END OF WAR WORK
Revision of Tlans for Ships,
'Munitions and Ordnance
Indicates 'Peace.
FOREIGN ORDERS HELD UP
Weakness in the war order stocks was
the .outstanding feature of, yesterday's'
trading In curb securities. The favora
blo war news and the peace developments
were tho main factors In' bringing re
newed selling pressure against these
shares, which forced prices for many
of the' Issues in the group to' new low
levels for months.
Stocks -Of companies engaged In the
manufacture of airplanes were-the most
active nnd weakest Curtlss Aeroplane,
after 8pe"nlng""Blgbtly higher, declined
more than 4' points on a flood of selling
-orders which carried the' price to the-
lowest level since April. "1917. Wright
Martin also was weak and sold to a new
low record. '
Aetna Explosives was under, pressure
In the early part of the session but re
ceived good support In the afternoon and
recovered all of the loss. At a confer
ence It was pointed out that the com
pany Is In such a position as to dis
charge the receivers..
The so-called peace stocks were mod
erately active and firm but no spectacu
lar movements were recorded. 'The oil
section was firm, with small advances In
Midwest Refining and some of (he Stand
ard OJl shares. The motors were rather
Irregular but strengthened toward- tha
close, with a small advance In United.'
Mining stocks were dull and steady.
Bonds were quite "active and generally
.higher.
Total sales and range of prices follow :
INDUSTRIALS.!
Sales. High. Low. Lat. Chr-
torn Aetna Explo 7
:soo Am Marconi 4
OiO Brlt-Am T new.. 22
600 Burns Bros Ice... 63
200 Csr Light 1
64 Cities Service tst
M0 rules Service pf. 78
SCO) Curtlss Afro tl
104 Kmersoo Phono.. 2
104 Gillette 9 Raxor.,101
- ICO Hupp Motors 4.
no Inter Rubber 13.
900 Keystone T It. 174
eoo .-sonn Am rap. a
200 Relo Equip 12 12
404 Smith M Truck.. ft H
ho Sub Post 13 12
:m Trianrle Film S
too tilled Prof Sbar S H
Soro U 8 Steamship... E 6
4fO United Motor Sl 33
TWO Warns Coal 3 3
4100 Wright-Martin 6 4
STANDARD OILS.
U Ohio Oil W 111
19 South Penn OU...M7 CJ7
29 St Oil Cal 7J49 Ml
7 St Oil N T, 235 3
" INDEPENDENT OILS.
109 Atlantic ret 2
2000 Dirndl O A O... 6-14
. ISM Cosden Co 7
409 Elk Darin Pet.... IV
SOOO Esmeralda OU.v.t 4
tA) Federal Oil 2
too Glenrock Oil IH
1(0 Houston Oil "3
soo Inter PetroL, H
looo Island O A Trans 34
15f0 Kenova Oil t 12H
300 Merritt Oil 23
13441 Metro ret.'. 2
4Sfn Midwest Oil 1103
575 Mlilwest RH 13
104 N'western Oil....t tl
13444 Ok'.a V A K...... 10
600 OUmulree OIL.... 2
200 Royal Dutch new. 76
WO Sequoyah O & R. H
04 Sinclair Gulf.;.... 214
1(00 Stanton OH t 1
604 Texas Co rts 16
415 Victoria Oil 2
MINING.
4
tlU
CI
Its
:
74
19
2
101
3',
17
M
ITa
7IK
wm
K'i
174
K'i
A
&
'i
4l
eo
:s7
w
:4
n
K
tk
t
w
H
hi.
U
-u
3
Washington, Nov. 6. Despite' pearo
prospects "prices generally throughout
the United Slates are showing a ten-!
oency toward a further upward move-,
ment," according ts tne f ederal Reaervi
Board's monthly review to-day of bus!
iness conditions as reported by agent:
in eacn Federal reserve district. I
creases are particularly noticeable l
commodity lines not affected by t!
uovernment s .price fixing proirnmme.
Many manufacturers and other pro
ducers are reported following a conserv
ative course by keeping only small stocks
on hand In preparation for newbuslneVs
conditions after the war. r
litems prices and credit Inflation, fJha
board pays, must bo opposed by strlcxly
personal economy. Despite war econolmy
Propaganda it appears, says the boavd,
"that many classes, of the population are
sun spending their 'current Incomes- in
freely as ever, notwithstanding tho f.&t
uut prices to-day are at n record fig'.
Because they have not yet embraced tlno
national duty to save as a personal Ah
ligation."
The board's explanation goes Intgfde
tall to show that bank loan foriffpuij
poees other than short time commercial
transactions are becoming tMeadlly
greater In volumo and In pro'lAUon to
rererves. causing Inflation nnd
Increases In prices.
General business activity
the country la reported by pn.
reserve agent.
The marked reduction 1
output of clothing material
Other articles of neranntl -i
the board said, that civiufcns ln.,a few
. . .B unl
niunins may nave greau2 unm-uinca iu
gettlnr these coods. . P-
Bai lng conditions aife reported "about
as "ilidfactory as VTould be expected
undu tho clrcum-itances." Building
operations are practically stationary.
Germnn UJUnU Statement..
Deimn, Noift 6k via London. The
NfatftttA. , t nrnian Uank
"ci ttf week! ended October 31 ahgwo the
following cbfantes":
lncreasITotal gold, .71J.O0I) tnarks;
Treasury jfcoter, 1B1.8O1.O0O marks: bills,
"Mfooo marks; Investments. 8.586..
000 Ofiirks: circulation. J40.782.000
iMiltf? deposits. l.74.8S7.00O. marks;
lllb littles. 4,6,000 matks. '
f wwlcoin, 67.17B.000, marks:
!S. 680.000,marks: advances. 87J.000
ks: securities, 7J.087.000 marks;
t. i gold holding 8.880.018.0.00 mark
. vA.
Exports) prom
esultant
r
oughout
tlcally all
Uie recent
shoes and
be indicates.
H 6-11 ..
Hi 7S
1 Ai
4 4
3 2 - W
V4 2H ..
75 75
14 14 ..
li i:
m a U
IX 1?4 -H
100 101 1
niVi in
u u ..
Tt 10 H
J JU ..
75 7 1
A H ..
21 11
HI IS ..
W 18i - hi
zh ..
1900 A B C Metals.. t 45
lftrt Atlanta t W
STW Bit Ledre Cop... U
10O Booth Mln t
(.100 Bos Mon t M
UJ0O Caledonia t 43
COO0 Cal tt Jerome H
410O Canada Copper... -filflO
Candalarla Mln. .t 47
too Cons Arlxona li
ton Cons Cop Mines.. 6
14fO Creeson ' Oold IV,
700 Kiireki-Crooeus... 14
!00 First Nat Cop.... 1
iUK Rold Cans t IS
lO) aoio riorence...? s
looo Oold Kewane...t
loooao'd Merirer....t
looo Oold Bll.I1ck....f
1M0 Great Bend T
Vi Hecla Mining
i2ro Howe souna..
COO Jumbo Erten..,.t
looo Marsh Mlnlnr...t
1000 Motherlods t
MOO Motnerioae new.. 4
tw Nixon Nevada.. ,t 17
1000 North Star t
7 Ohio Cop new....IJ-14
lino Onondara 811 H
.! Hay Hercules 4
1000 Hex Cons t
lioco Kocbester Mln...t J2
1000 San Tor t H
400 Sen-ca Con 14
MV Stand Sll Lead...t 31
too Sll K of Ariz....f 47
1000 Socress Mln t 11
MOO Ton Cashboy t 5
4U
I'l
4H
44
41
HI
4
Hi
3
.3
1M
9
3U
3
3'4
3S
e
u i
c
12
H
144
II
43
11
4 Hi
S
-4H
45
41
at
t
1.
tit
-2
1
1
J
-t
4t W '
n
4
84
U-14
4H
4
33
SH
!4
31
47
11
4
I
rm Tonopah Exlcn..l.7-1 1 7-11 1 7-l l-H
coo uono Jim uui..,.r 4i 41 43 .
1COT Tono Res Eula...t I J
900 rnlted Eastern.... 4'4 4i 4H H
BOO West End Cons..tl03 103 103 41
3000 White Caps......t II Ki 11 H
BONDS.
JSO00 Am Tnb 7s '13 W (.100W 100U 100
tlt10 Am Tob 7s '30 w 1.100 100H 100"!
BOOO Am Tnh 7s '31 n I.100S i00i 100
S30HI Am Ti.b 7s '23 w 1.101V, 10tU I01H
1K00O Am Ton 7s '23 w t.Wll lOltt 02i
400i Armoiir A Co Cs '30 N't sotf MH
111m iiein nieei s -iv.,ij iw
JlWCsn Got 5 M.... M 7i
SSOrtO Codier Vtk U '23.100 10
SiWl Inter Tt T 7s M', 9$H
1000 lVoc O 7s ':t..)O0'a 100
?.r Rntsn dor GUi. 74 71
3O0O0 Russian Oor (H. TO 67 u -fiU
30000 U n KUI 7S ZJ w i.ioovt 100V4 4-1
Odd lot. t-lells cents a share.
ion
1H
Mli
100H
73
U
100H
EAKNINQ STATEMENTS.
Fixed Prices May Continuo
Months After tho War to
Stabilize Industry.
The question uppermost In the minds
of those Interested In the steel Industry
Is the degree with which demand for Iron
and steel products will diminish now that
peace Is In sight, according to the weekly
review of the iron Ag. Of minor Interest
Is the imomoial advice that pries fixing
by tho Government will continue for six
months after peace. The Iron Ag says :
How fast and. how far the war de
mand for Iron and steel will now fall
off Is the uppermost question In the In
dustry. Tha shortening of the pro
gramme of shipyard extensions was the
main feature' last week. Of greater sig
nificance are the moves, made this week
In the reduction of munitions and ord
nance orders, now tha; peace Is mors
plainly In sight
"In barbed wire a virtual cancellation
of 22,000 tons for Great Britain and 85,-
000 tons for Italy Is reported. France
was to receive 60,000 tons In the first
half of 1919, and both this and a 80,000 1
ton contract for wire rods for France
have now been held up.
"Steel lrorks and rolling mills may be
nearer the end of their work for shell
steel than Is commonly thought, even
though the war go-on for soma month.
"Considerable shell steel is still on the
books for tha Allies, and the first can
cellations are likely to come on' these
contracts rather than those of the
United States Government ,
1
Fixed Prices to Star.
"There is unofficial advice of plans for
the continuance of the price fixing com
mittee of the War Industries Board for
six months after peace Ls declared.'
This Is presumably in answer to In
quiries that have been going to Wash
ington from the steel trade concerning
the future of Government control.
"Influenza defeated the well laid plans
for new records in October at blast fur
naces and steel plants. Pig Iron output
was 3,486,941 tons, or 112,462 tons a
day;) as compared with 3, 418,270 tons for
tho' thirty days of September, or 113,942
tons a day. However, last month's rec
ord Was only exceeded once previous
to September, tho month ' of October,
1916. showing 113.139 tons a day.
"Tho wlro trade may bo, the first to
develop peace activity. After some
months of the withdrawal of Its sales
men from the field the leading wire In
terest has now sent out a considerable
number." ,
The Jrqn Trade Review will say :
"Germany's surrender clearly . having
been made a question only of time by
the stupendous events of the last week
the iron and steel Industry more squarely
Is being brought face to face with the
realities of .readjustment. The bewilder
ing rapidity with which International
affairs have reached their Dresent state-
has Intensified the Initial uncertainty.
ana suspense, oui calmer reflection nas
been exercising a due. measure of re
straint The cardinal fact that" vlrtuil'y
every ton of Iron and steel now being
produced contlnues'to be, 'demanded for
war or essential purposes is a steady
ing Influence. - ,
Dlsr Iron Order From England.
"Trade fears are not those of the effects
of a peace, but of the uncharted period of
transition from a war to., peace basis.
Authoritative expressions from Washing
ton show that the situation already Is
receiving consideration In the highest
circles. The belief has been strength
ened that present Governmental regula
tion will be extended In some form to
stabilise trade conditions after peace Is
made. - The 'vital necessity of maintain
ing production at high speed continues
to be sounded by the Government Great
Britain Is negotiating through the Gov
ernment for 7SO.O0O tons of basic Iron
for delivery over the first half of 1915.
This la probably the largest single In
quiry ever put before American Iron
producers.
"The sub-committee on iron and steel
scrap sticks to Its belief that there will
be enough scrap to supply the steel In
dustry during the coming winter. Tha
only doubt Is In the case of cast scrap.
due to tha fact that a number of fur
naces have been switched from foundry
to stcelmaklng iron, with a consequent
Increased demand for cast scrap. Al
though the supply of .scrap has not en
larged any. the outlook for peace has
made It much easier to purchase scrap.
The United States Railroad Adm,lnlstnw
tlon has put out an Inquiry for 2.000
hopper cars for the Virginian Railway,
and Is expected to make Inquiry for
some locomotives.
"The steel trade watches with Inter
est for the revisions to existing vessel
contracts which are to be made by the
United States Shipping Board. It is
teamed that the Shipping Board will
concentrate on the production of large
vessels, since these are the only kind
that will be of valuo In International
trade competition after thewar. Hven
(he 7,600 ton and 8.000 ton vessels
which are being turned out at Hog Isl
and fall short of the -Ideal. The read
justments In contracts, thereice, will
be drastic and It Is not unlikely that
until they are completed considerable
tonnage may be held up at the mills
until they receive new schedules of
specifications."
GRAIN PRICES ADVANCE.
Market Moves Upward on Pros
pacts of Greater Food Needs.'
ClllRAnn. Nnv tt pmhum. iff mw.Hv
enlarged food requirements for Europe
led to big advances to-day In quotations
on the exchange here. Corn ran up 8 Vic.
a bushel and closed strong at a net" gain
of 7H to 7o.. with December 11.2114
to 81.21 H and January 81.22ft to
$1.22, Oats climbed 2 to Sc, and
provisions J5c. to $2.20. Throughout tho
day Scarcity of offerings kept the market
from any Important reactions.
Announcement that export business
over the holiday had been good helped to
Inspire lively demand for oats.
nu1r In It,. r 1
sent provisions skyward. Packers and
uuris aia a goou aeai 01 me ouying.
WIIKAT Latest advltea from flAMthesat-
rn 1 Europe indicate a crop failure In the
Balkan States, and It seems probable that
supplies will hart to be furnished to those
countries. A report rrom'Itussta indicated
a, wheat crop In the Ukraine of He. 000,000
bushels. TMs comparts with va normal
yield of 447.B09.O0tl. and accordlnc to
Ilroomhall should leava a theoretical sur
filus of be.&oo una hnHt. .iihn.t, 1. i.
aald that tt l vsrr unllksly that this
amnt.M. (II ... -w.l - - .
-'""'"' uo duiihni peasants re
not willing ssllsrs and, have no us for
rnnv . . 1
.uvancs. closing at about the top of the
"ay with not fains of 7H to 714c. Local,
7 1- . ... i.,u' X"iiow corn waa quocea
' t1:1!'' "0. I yellow at 11.43, cost and
freight New Tork.
OATS Market strong and hither, clos
ing with net alns of 3I4 to JKc, In local
cash market prices were hither; standard
STO1 S.1 10 ,0e-7 No. 3 -white. 73 to
lc: No. 4 white, 78!i to 7c: ordinary
Clipped white. 73 to 10c. all elevator.
.,?J'BrM,rk"t steady; No. 5 Western,
1.7r. elevator export,
re A Ti t rv u.. 1... ......... ...
intlllnr. 11.03. coat anil frsltht New tork.
imjukwiibat Market quiet; sound
milling. 43.90 coat and freight New York.
CHICAGO PIUCE3.
Dwmbtr,. H2
JanntiT.... XMH
1
vxriin-r,
Jannrr.... 1164
.1 1 n
lVrvmhftr..
Jannarr..,,
i, a it ri
Nemaber.
January,,,
RIIiB-
Knwmlu,
jsnuam... 33.40
l'tinit
NoTember.. .9
January,... 40. M
INTEIUOn HECEIPT8
. to...'. n
Wednesday 3,ji3,ooo 1,301.1x10 "1.9W.000
Last week M4S.O0O 770.0OO ; 1,453.000
Last yesr 3.433.000 K9.O0O VS.9I4.0M
8EABOARD CLEARANCES.
Wednesday I73.O0O
1.SSI wees. 4,000 377.000 .... ,
rir 31,000 307,000 t3l,0
Two days.
Ilnllroad.
BCT-FALO. ItOCnESTEIt AND PrTTSBCIlO.
Vmirth week October
Cross 3I5,M0 inc. $113,M0
Month of October
Gross 1.711.511 Inc.. 173,133
CANADIAN NORTHERN,
TTrtnrtv, week October
Oross eamlnrs l,t7t,IOO Inctl,3C,300A
Vrom JnJr 1 "
Gross earnings U,!3J.tx Inc.. 3,SS3,00
CANADIAN PACIFIC,
rnnrth week October
Oross earnlnts 3S,0.000 Inc.. (34,000
rourth 'week' October... 33.157.36J Inc.
From Jan.- 1 w.4u,ris inc.
3Ilsce1Ianeoas,
PACIFIC COAST,
Month of September
Cross esrnlnts H.3M Deo,
Net esmlnrs tZTt Dec,
For three months
Cross esrnlnts L15i'J5! I?0'
v.. ..mvn 341.14 Dee
NATIONAL CONDUIT ANO'.CABLD.
For quarter ended .Btpterfljer 30
xr., st.llt.33S Ine..
W..t tna smensea 4.S07.4U Inc.. 31S.311
Total dsacit U4.7M lac. SS1.3M
London Money Market.
London, Nov. . Money, 14 per
cent; discount rates, short and three
months bills, 317-32 per' cent; gold
predlum at. Lisbon, 100.
DIVIDENDS.
31L4M
39.4SS
171.004
4(,Ui
311,481
IIS,
Block of
Itecord,
American Tobacco Co.
(scrip), q. t..........Nov. 18-
American Smelting Be-
fining- Co, q. 1 Vi ti ...... Nov. 37
American Smelting A Be-
nnlntCo., pf. q. li..Nov. 18
Urown ehoe Co., q. ll.t0..Nov. 30
Catawlssa B. It. Co., pf.
a, 3H .............Nov. 4
Crescent Pipe Lino Co., q.
7,c ....Nov. 33
Fayette Oas Co.. q. 43 3-3. No v. 14
Oeiieral Asphalt Co., pf, q.
H4, Nov. It
Hart. Saha finer Mv,
Incl. u. 1 ......Nor. SO
Kings County Electric Light
.,,,i.UT, SV
orka.
....Nor. 4
ntudsbaker Corp.. q, l..Nov. 30
ijtudebsker Corp., pf. q.
."T, il
Union Amsr. Cltr Co.
pf.. q, .....Oct. 31
United Profit Shar. Corp..
it, ti .....Nov. 11
United front Bhar. Corp..
stra 6 ...Nov. 11
Union American Cigar Co,,
pf, ,Q, 1 Oct 31
Western Grocer Co., s-a,
4i Dee, 30
Western Orocer Co., pf.
s-a tfa .. Dec. 0
Pay
able
Dec
Deo.
Dee.
Deo.
Nov. 13
,. v., ' Kints County Electric uin
imttiil and Power Co., q, 18...
;4a 730 L,m Lolnotl Worka
. ww Inc. pf. s-a. 3H.....r
Dee.
Nor.
,
Dec
Nor,
Dso,
Nor. 11
Dec 3
DC 3
Nov. 11
Dec x
Dec 3
Nov. 1(
Dec 31
Dec, 31
t4
. 34.70
. 33.33
, 33.40
llttb. Tjow. Close.
13W 11114 uin
imh i:h iHi
IM'A 1644 14H
ISSUi 11$, 1334
inn 114 i:i2
ii uU ia'i
73S1 OV1 73U
VH esQ 7014
70S 7 70V.
S4.70 t.n 'I.tO
ss.n 2S.ZS K.tt
33. W 33.40 33.(10
33.10 72. :S 3.07
3S.IO 33.SI) 3.-..S0
43.00 40. W 43.00
i
fon
dsx.
WK
l2i
144
UMi
U4?.
ti
474
7S
M.K
It .73
33.10
K.0J
34.80
,60
Osts.
Minneapolis Grain Market.
Minneapolis. Nov. . Flour un
changed; shipments, 148.815 barrels;
barley, 88084c.; rye, $l.B6Hffl.57H i
bran, 127.94 ; flax, I3.80C2.S2.
COTTON MOVES UPWARD.
Admnco of. Between f O and 7 a
Dale In Local Market.
There was a further advance of be
tween iS and 37 a bale In the cotton
market yesterday on continued covering
with January deliveries selling at 29.50
or 130 points nbove the closing price
of Monday and 350 points above the
low level -of last Saturday morning.
That position closed at 20.20 with the
general list closing steady at a net ad
vance of 85 to 100 points.
Increased offerings were encountered
on the advance of yesterday afternoon
and the close was several points off
from the beat but It Is thought that
tho rapid recovery In futures has added
to the confldence"of the So'nthern hold
ers, and the South bought more than It
sold around the ring here yesterday.
riant or prices:
upen. mtn. Low.
Norember..
December
Close,
iiiin
!IW 30 33 3J.40 SO-lt
Jsnnary 27 W .M S7.4S 39.30M
renniary...
siarcn..
April
37.10 a.t
37.60 31.7S.3
May 37.U5 3S.70 37 IS W.3VIS
Jnlr MSI 3.M 3M 3X03.04
Anrust 34.4S 37.SS 3.M 17.50 II
September.. 50.10 17.40 M.30 37.35413
Oclobtr. ... 54 01) 38.00 2.W 37.00 B
Spot cotton., 31.00.
j.COTTON STATISTICS,
Last
weanesnsy. week.
... n.ISi 30.IO3
Mon
ilar.
3S.0
21 !S
3.3)
I7.S3
37.S
7t.it
37.4S
37.14
3 ft)
34.10
$10,000,000 ISSUE OF
CHEMICAL CO. STOCK
Bankers' SynrtJcnto Will IJn
dcnvrlto Offering of Aracr- .
ienn Common.
Announcement was made yesterday
that Lee, Hlgglnson & Co. and Ilayden,
Stone & Co. have agreed to form syn
dicate to underwrite an offering of up
ward of 310,000,000 of American Agri
cultural Chemical Company common
stock.
The new shares' will be offered to hold
ers of common and preferred stock at
par on the basis, of one-rifth of their
present holdings All shareholders of
record at the 'close of business on No
vember 14 will be entitled to subscribe to
the new stock on or before November 29.,
Each shareholder of record will have the
right to take new common stock on the
basis of one share of new for every fire
stiares of common or preferred held.
Any part of tho offering that Is not
taken by the shareholders will be dis
posed of or taken by the underwriters.
The company now, has- outstanding a to
tal of 347,155,300 of preferred and-com-.
mon stocks, consisting of 327,650,200
preferred and 319,05,100 of common.
Blued on the amount of preferred and
common shares outstanding the total
amount of new common Imued would bo
at least 39.431,000, but this fa rxpected
to be enlarged- to perhaps, nearly $11,
000.000 by subscriptions from converti
ble bondholders, who may convert their
bonds into stock and thus 00 entitled to
subscribe to the new offering.
Robert 8. Bradley, chairman of the
board of directors. In a letter to share
holders showing tho financial position of
the company and giving tne reasons for
the proposed IssuonceVf stocks," says t
"It ls a matter for congratulation that
the excellent financial standing of the
company enables It to obtain this new
capital permanently through the sale ot
Its common stock,, and thus to strengthen
Its position by1 a large reduction in notes
payable.
"Tho enormous demand for all farm
products throughout the world has nat
urally had a stimulating effect upon the
fertiliser Industry, and has led to a
greater use of fertilisers 'not only be
cause they produce greater crops of bet
ter' quality, but also because they con
servo labor by Increasing the yield per
aero. This situation Is likely to continue
long after the war ends, as our farmers
are becoming educated to the advantages
of more scientific and enonomlcal agri
culture." .
Mr. llrndloy In directing the attention
of shareholders to the need of additional
working capital points to the fact that
current liabilities are now 321,105,101,
compared with a net working capital of
331,693,313, whereas current liabilities In
1913 were only 31,026.977, compared with
net working capital of $28,716,934. Cur
rent liabilities In 1917 were $6,627,247.
against net working capital of $30,737,
206. "V
CONSOLIDATED EXCHANGE.
Securities were strong In an active
close of the market yesterday on" the
Consolidated Exchange. Prices then were
at about the highest levels of the session.
Stocks were In scant supply, and what
recessions occurred during the day were
due to realization sales. The tone of
the market 'was at all times firm, and,
while fairly broad, speculative Interest
was confined to a comparatively few
Issues. Including the standard industrials
and Southern Pacific In the railroad
group. JJuylng orders In these shares
made for strength In the remainder of'
the active list. Ralls were In demand
from the outset, and while tho closing
prices were slightly lower than the best
for the day, gains from a fraction to 2
Thfe Farmers Loan and Trust Company
Noj. 16, 18, 20 & 22 William Street, New York
Branch Office: 475 Fifth Avenue, at 4Ut Street
LONDON
16 Pall Mall, East, S. W. I) 26 Old Broad Street E. C 2
PARIS BORDEAUX
41 Boulevard Hauttmerm 6 Court du Qupeiu-Roue
and
Two Special v Agencies in the War Zono
Convenient to the United States Army Camps
this Company cifers its services for all banking
traniactions to American officers and enlisted men serv
ing here or in France.
The Company has been designated as Depositary of
Public Moneys in New York, London antfaris by the
United States Treasury Department.
V
Mtm brr Federal Ke$ertn Bank and New 'York Clearing Itoiue
points were mado in the list. Southern
Fields scored the greatest gain, closing
at 106&4. Steel common, after an irregu
lar forenoon, advanced to 1034 Minor,
steels were ribout a point higher. In the
equipment stocks Daldwln was tho fea
ture," with a net advance Of 2. Copper
stocks were active and strong. Marine
preferred was In supply-after' scoring a'
3 point gain In the early trading, but'
closed Improved, Trading In Liberty
Loan bonds was active, with prices
firm.
MISCELLANEOUS MARKETS
too J
101)1
102
07
too
Sl
VD
tt
00
on..
lOOt,
loo K
loo,
loo),
Bl)
87
iooh
09
)
'it
ion
IPS
07
07;
7
B7
OS
OA
WH 100;
11)1 too
JSff ,!Btf
Pert receipts.....
Exports
Ki ports season...
New York storks
Port storks
Interior rerelnts.
Interior shipments... 2U.OK)
New York arrlrals.. 1Z.K1
Last
year.
I1.I9S
. MJ.7M M.tiS t.'SIX.JOl
.US.&W 1,17I.SM 1,057.111
tA.V'J 34.7,3 S1..SS7
:. 4,441
Liverpool Cotton Market.
LtvERPOot.. Nov. 6. Cotton Spot aulet.
prices steady; American middling fair,
-a.iMa.; good miuailnr, Z3.95d. : mid
dling, 22.32d.; low middling, 21.27d. :
good ordinary, 19.75d. : ordinary, 19.23d.
Sales. 1,000 bales. Including 800 Ameri
can. Futures closed Irregular and unsettled.
JVew Orleans Cotton Market.
Nbw Orleans, Nov. 6. Iteactfonary
disposition again prevailed In cotton to
day and the close showed net gains ot
91 to 108 points. Closing bid : December,
29.10c. ; January. 28.51c. : March, 28.10c ;
May. 27.84a: July, 27.GCC Spot firm;
middling, 30.38c.
COFFEE MARKET.
During yesterday's session liquidation,
under Government sanction of corres
contracts was again activo and large
blocks of the distant months were
evened up, and It begins to look as If
operations might be fully completed
before the time limit set" by the Gov
ernment, November 9. liquidation
has been reflected In the spot market
and there have befh large sales from
Importers to jobbers of spot lllo 7s at
10 H to 10H& and of Vlotorlas at 10Sc.
At the close yestcrday'brokera reported
It difficult tq get holders 'to offer coffeo
In large amounts and .while Rio prices
advanced H to 10ic. for No. 7s. and
Santos 4s at IE He, prices continued
to be more or less nominal. , in tho
cost and freight market Santos' 4s wero
quoted at 18c f. o. b., and from 15Ti
to 17o. cost and freight, steamer ship
ment, London credit There were no
regular offerings, however.
Rio market up 325 rels with 7s quoted
at 71500. Receipts 8,000 bags and stock
769,000 bags. In Santos spots were not
quoted, while futures were 50 to 150
rets higher. Receipts 23,000 bags nnd
stock 4,594,000 bags. Brazilian coffeo
statistics :
I-s.t
Wednesday, week.
New Tork deliveries. 14.MI 1(,7:
rew wnesns aeur...
Total de'lverles
New Tork stock....
New Orleans slock..
Stock at all porta..
Anoat
t.:t4
17.1U
mo.;
M.tU
891. fit I70.SH 1.0;5.HI
SM.OnO 111.000 Ml Ml
Visible supply 1.I00.7U l.:I.U M.MI
last year's visible... 7.S77.69 1 l.O.EsO 2,i:,(Ht
1.807
it.m
113.19
Last
month.
11.72?
sis
is.m;
17.0 H
EX DIVIDEND TABLE.
To. day
Conso'ldsted Oas K
Friday "
Amsrlean T.a France Fire Engine..., ,m
Aassclated Dry Gooda 1st pf.... lHTi
Associated Dry floods Si pf.., ltt"
Colorado & Southern lat pf :ti
Continental Taper Hag .lHtt
Continental Paper Dag pf, .llaTi
flreene Cananea Copper. .1! no
International Harvester pf 1, JJ
National Rnam. Stamp,,.,. m
National bead extra
New Cornelia Cop 1'Sc
Monday '
Keystone Tire A Rubber (stock)..,... Htt
Woolvrorth, V. W.V- 13,00
SHOUT TERM NOTES.
Pmuitr. Mate. Uue. Uld. Askel
AmCottonOll....7 Sept. 1019 B lUO'i
AmColton011....S Kept. 1919 071
AmTeiatiei n Feo. iviw vwh
AmToiiaccoUo...7 Nov. itio no
AmTobaccoTo.,.7 Nov. t ran loo
AmTobaccoCo...7 Nov. 1921 loo
AinTobnccoC"o...7 Nov. 1023 lot
Arxentineiort'.'..o May ISin wait
Armour&Co n June 1S.'19 B9)i
Armour St i. a o june 10, -ju wv
ArmourACo S June 11.'3I 99
Arroour'-o O June 15,'JJ 99
AnnourAC'o 0 June 1.V21 0Bs
ArmourArn n June IS,'3i V9li
HsltAOhlottK.. .B July 1910
HethSteeK'oro.. 7 Julr ISin 10O
UrthmeetCrp...7 July IS.'JO H
ii'iuMCTioryt. . yuir rf.
UethSteelCorp.. .7 July lS.'M
UethSteell'orp.. 7 July lo.'23
Csnl'srllkllT... .0 Mar. 2.'24
CentralArsKy , .0 Feb. 1997
(ubanAmsug&r. A Jan. 1019
(!ntutnAmlt.iriiF..A Jn. 1 Q1l
(lubanAmsuaar..6 Jan. 1921 ' 98
Cudahrl'acliifCo.7 July 15,-a) 90
MtlAlludltlt... -.1 Aus. 102O
DonilnloJKa"sJi..5 Aug. IV19
krlcKallroad. . .4 April 1919
rpaSusarltefCo..5 Jan. 1920
lenKIectrlcCo...O Dec. 1019
(ienhlectrlcCo. . July 1920
(ieDKubbeTCo...S Dec. 101
(IrratXorlhernK.A Bept. 19211
MonTranifcPCo a April ID 14
Newfoundland.. 9 July 191U
NVCentralKIt. 5 Hept. IA19
NornayUovt ..1 Feb. 19X1
I'ltuAMh-mutUKS Mar. 1020
lYocteTAUambl.7 Mar. 1910
l'rocl-i(lsmble.7 Mar. 107(1
IToclr.v(JsrnWe.7 Mar. l2l
l'ructA(iarable.7 Mar. ll22
l'rocterA(lamhle.7 Mar. 192.1
l-ubSerCorp.VJ,5 Mar. 1919
HemArmiUMC...1 Feb. 1019
Itusilandovt SU Dae 1921
ItusslanOoTt. . . .814 Feb. 14,-2081t7
Kusslanuovt. . . AH June IS, 19 72
bbaw'ganWArO.A Dec. lS.'lu 101
louthernltr Mar. 210 osff
HluerlandGoTt.5 Mar. 1920 99
winci(epArrns(.o7 Mar. luiu
MsstKAMfcCo. .0 Feb. 1912 ua!i
' STANDABD OIL.
Did. Ask. I Did.
Ancln.Am. 1 KViirrslrlc CVSO 57t
All Iienn..lCtt 10S) il'ralrle P L,:W
H
570
to
175
tt
lis
201
Vti
1W
l
171
Is
01
97
on
101 u
9Hi
100
loo u
lOO'i
iooh
101
0.t
9M
Ol
15
J
)f
V7Vi
921.
9li
99
103),
100
101 H
m
1111
97
09
ea
81U2
71
103
OU
100
09
99
ISolar Befln..SW)
Soulh ! I.. 175
ISouth Pa.. .485
3 v ia 1'u.ivi
Std of Cal. 37
Sid of Infl. .
Std of Kan 509
Vd of Ky
Sid of Neb. 415
Std of N J..MO
Std of N Y.yo
.sid ol unio.tw
Kan F... 97
Union Tar.k.191
IVacuum ....370
Horne-S(rr .t'O
Duckeje PL 51
flies Mfe C.Ki
(lolontBl . 19
Comlnental to
Oesce nt PL J7
Cb ! L Ine l
Kureka M'L.IW
UalenS'Slg- M
flal-s p(. .1
ifiil H pf . ,1OT
mirois PL.irr
Indiana 1'U 91
lnt Petrol. . 1S4
Nat Trsnsil. 11U
N Y Trans. la iWashlnirlon. 49
North I' L.101 110 Stard subsld
Ohio 130 !:s I "en bloo".l
Pa Mex F.. 44 4 Stand old st
Ilerre 171 I7KI "all on". .1839
Old. tNew.
CHEMICAL STOCKS.
Did. Ask.l Bid. Ask.
Atk.
CM
:s5
1S
ws
119
:u
7f
CIS
31D
479
IM
S5
415
101
V
SW
45
Am Cyan . ... S
Am Cyan pf. &s
Mr Prod C. .115
Casein Co ... 40
Dar Chem ..
Dow rtiem...30O
Dow rh pi
F.lec Hlesch..!49
Fed Chem
Fed Ch pf... W
Free Tex nw S9
liraesem .
Hook Weo
Ky SoKay
.179
.. 75
.IX
tolMerrlraac .... 7
(llMulford Co... U
llilMutual C ....!M
.. Niag Alk pf.. r.
Jl'Nsi A A C. 17
) Nat AtOpltH
KIPern Sslt .... S
lMRollln Ch .... M
M Rol Ch pt.... 90
lOl'R'-met S ......176
C'smllh Ac O. 175
ls-lolv Proa ..."0
Stnd Ch
ITSf
.... W ICO
NEW YOKK CITY AND STATE DOND8.
Approx.
Form. Rate and Maturity. Did. Asked, yield.
Inter. 4is. July, 1X7 100 101 n 4.41
inter, shs. Jtine. iff
Inter. 44s. March, 1H1 100
Inter. 4Vi. Nov.. It 17 1004
Inter 44s. May. 1957 100
Inter. 4a. April. WA
Inter. 4Hs. March. 14.... MS
inter. 4'4s, March, IKS.... MS
Inter, 4Us, Sept.. 190 H
Inter. 4W". March. HMD.. IKVt
Inter. 4s. Msy. 195. !-
Inter. 4s. Nor., I95S 1S
Inter. 4s. Mar. 1957. il't
Reals. 4s. Nov., IM. M4
Rerls. 4s. Nov.. 1935 M
Rests, 4s. Nov.. 1JS sj
Inter. 4s. Mar. Ul MVl
Inter. Nor., ltW 80,
Inter. 1'ss. Nov., 1954 lis
Hoc-coupon CHs. May. lXt 814
Coupon 41s, 19:4-1M5
Coupon 44. 1919-1912 ,.
Coupon 4Vis. 1924 1911
Coupon 4s. 1931-1923
Coi-ion 44S. 1919-1929
Rests. SHs. 194IM951
Resie. s. 1930-1939
Coupon 3',. 192-1929
Her coupon 34s. 1919-1921
Resls. 3s. 1940-1913
Itcds. 3s. 1S24-1I30
Rerls. 3s. lilt-1925
Form, Rate and Mnturity. Did.
Coupon 4is. Jan.. 1W( 107
Coupon 4Ss. Sept.. 1M.... 107
Coupon 4s. March. 1X6 192
Reels. ';. Marcb. 1U.... 100
Coupon 4s. March. i',2
Rerls. 4s. Jan.. 1963
Coupon 4s. Jan., 1149....
Rerls. 4s. Jan., 1945
Coupon 4s, 1967
Coupon 4s, 19C0-C3 Canal.
I toils. 4s. IKoei-canal.
101
191
101
101
987a
KTs
97
97
97
93
2
92',
1
1V
91
S2
siv.
Yield
Bid. Asked
4.44
4.44
4.44
4.44
4.41
4.11
4.41
4.41
4.41
4.41
4.41
4.41
4 4
4.4
4.49
iia
4 59
4.W
4. CO
. 4.60
. 4.69
. 4 60
. 460
. 4.60
. 4.C0
. 4.69
. 4.0)
. 4.63
. 4 .C5
4.63
4.49
4.49
4 49
4 49
4.49
4.45
4.46
4.45
4.4S
4.45
4.45
4.45
ADDrox.
Asked, yield.
lUft 4.1V
Coupon 4a. l!C8-63-TH'wjyr
nexis. is. j L'.'3-i.; ti waj..
Coupon 4s, Jan., 1940..
Kens. 4s. Jan., ihs
Coupon 4a. Jan.., 1942
Uerla, 4a. Jan., 1342
M19CKLLANEOCS STOCKS.
1W
101
109
97
97
KS
97
MS
97
96
M
198
194
96
9V,
94
9S
9S
Bid
Am Chicle.. 41
Am Ch pf.. 65
Am MAP. 75
Am Type F. 34
Am T F pf. SJ
A D T N J. 3)
Atlas P O . S
Uarnh Bros
A Spin 1 p 75
Damn Bros
A Spin 2 p 63
Dor O Milk. 93
Dor CM pf 94
Hush T pf. 89
Celluloid ...ISO
Chillis CO ..43
Chllds nf ., 9
Col (irapli.. 99
Col Or pf.. 77
Crk W pf 94
D L W Co.167
HOtV V IT.
Ask
79
95
93
99
119
60
93
93
63
103
170
s
Hid.
lnt Silver pf 63
IJma Loc pf 75
Mich Lime.. 10
Mich L pf.: 17
Nst Caeket.. 91
N J 7. nw sl.32
Otis Elev .. 62
Otis Elev pf. 7
. ueips li . .mi
Pratt A W p 63
Rem Type... 31
Rem T 1 pf.lM
Hem T 2 pf. M
Rr Bak Pdr.l20
Rr I) F pf.. Iff
saf If A L. IS
'inirer Mfr..l4
TAP CAO.9-J0
Weet C Kerr 64
W C Kerr pf 77
lYale A T..
4.10
4.03
4 OS
405
4.0S
4.00
4.09
4 19
4.10
4.19
4.10
4.19
4.19
4.19
4 10
4.19
Ask.
75
S2
15
19
819
93
3!
109
193
90
(9
1M
935
70
3
:
STEEL AND ORDNANCE STOCKS.
WU. ASK. - Uld. ASK.
Am Bras ...295
A & n Mfr 3
A A 11 Mfr pf
Atlas PUW...1C5
Atlas low pf f7
tab A WI1...110
Miss, F. W ..SW
Bliss. E IV Pf ..
Can F A F. 19S
Carb Steel ...103
Cirb Pll 1 pf 95
Curb Stl S pf 61
Colts Anns . 52
Du I' Fow... M0
H'! Eastern Steel.
O F.mp S A 1... 35
'Kmp S A I pf CI
17CI Hercules 110
t9Sltcre I pf....li5
113 Hop-Allen
SWlIfon-AlIni pf.. 2
7tiNlles-H.P .. 116
r05,VI!e.-H-P Pf . S3
19 Pens S Rtcel. 41
..'Srovlll Mfr...S
70!Thonias Iron..
M w R Arms.. .70)
379'3Voodward . . to
NEW TORK BANK STOCKS,
America.. .
Atlantic. .
Am Eidt,
Hattry7.
Ilryant P. ...180
ll'way Ces.I40
llronxNat...lA()
uutcn at u.
Chase
Chat A P..
Chelae Ex,
Chemical, .
I'ltiNat...
i,.. ..... ...
t'oaJAIron. 20H
t'ommerce ..18.1
Cotonfal.... 3.V1
C-ontlmntal. 10(1
Columbia. . . .161
Corn Each. . .30
4oemopolltan. S5
'ommerc'l E.390
'om'nweailth.lS5
Cuba 1st
Kan River. IS
l lrth Nat ton
nnn Ave.
Firsr Nat
Bld.AaknJ.
4N0 4H5
..103
..210
..190
.390
20
350
2.19
120
SS8
315
.19.3
ISO
220
3IO
420
IM
160
3
.100
SIS
400
223
403
110
IBS
100
10.1
1S.3
24
220
700 2IOO
88.1 P21!
Uld.AsVed.
iituuniijMi.iiliu AO'
(lotham N.-.-.JOO 323
Oreenwlch,!. .320-. .
llarrtman.. . .231 14.1
rianoTer. . , . ,Tmi ofil
lm A Trad. ,.AOO sir,
IrvliiiNt. .2711 Jill
Uberty 890 401
unrmn 330
Manhst Co...lfl)
MochAM...300
MetroDolltan.183
Mutual.... 1.378
Merchants. .,120
New Neth's. .21X1
N YNBA...430
N Y Co 135
Park.. AO!
Pacific ..135
frodueeKi...300
Public, ....rOO
Sherman 120
Seaboard. . . .480
erond ...'..393
S1AI 102
2.1 d Ward.... 101
union R, .l.io
Wash tits. .150
Yarktilln 311
1711
ai'j
173
130
210
13
310
130
478
413
107
' 1S5
150
TBCST AND 8CRETV COMPANIES.
blu.AatM., ula.,iseJ,
illUncIlt,. U3
Am surety . . os
Hankers. . . .370
Bond AM tg.. OKI
Urooklrn. .. 485
t entrai UnIon378
Columbia... .200
Commercial.. 00
l-.mplre Trust. 210
Lquttable... .330
I armera LAT. 350
l-ranklill.... 225
rulton ,.240
Hdellty....;.200
Ouaranty, ...325
IUmli(on....240
Hudson T.... 138
llrrlna-Trust.
ijDjr.CVi fisn
1-aayeraM... 88
1 T. 00
rs
to
380'
lN.'i
803
3SO
110
30U
3.13
378
235
260
210
60
145
e&o
98
100
Lincoln Tr. . . U9
.lanufac-rs...lOU
McrTAD. .195
Metropol..,.310
Ml(B lloud.. . 80
MutTor3'..ta5
Nat Sunsty..,lS3
NYLUTcsM
New York T..895
N Y Title. ... 80
l'coplea.. .263'
Queens (Jo . ,
Realty Aaso. . 55
Hcanolnav'n ., 300
lltleO AT...I1U
1ranaatlantlc.l70
1111 BtaUM., , .H7S
USM AT...395
U 8 Title Guar J5
Wejtcheelw. .1.10
W A IITA MlnS
Includes one-third shar Irving Trust.
ias irvinc National nana.
PUBLIC UTILITIES.
Bid. Ask.f DH.
90
123
1WI
voo
5'J5
no
375
HU
65
210
IM)
oil)
40.'.
80
14U
175
Am I, A T.2."7
Am LAT nf 9u
Adiron 1; 1. 14
Ad E V pf 64
Am OAK H
Am OAK nf 29H
Am I' A L. W
Am PAL jif 73S
Am 1Mb U. ..
Am I II pf. 88
Am 3VWAE. 74
Am W1VAE
panic pf.. 11
AW3VAE I p f4
Car V A L. 27
Car PAL pf S7
Cities SerV..73
cities H pr. 77
97
17
Co
41
li
75
41
9
11
63
JS
7S
Cities H
ser B -66. .193
Col Power.. 24
Col Pow pt. rt
Com'wealtli
V R A I... 23
Com'wealth
PRAL pf. 47
n (ijiB
Eleo HAS pf 99
SUGAH STOCKS,
Bid. Ask
rara-Atn . 1;
111
r7
96
Enin D K nf '0
Fed L AT.. 7
Fed UT of 33
IfJ A B SecJIO
OAE 8er pf. SO
r. iinio Kiec. is
N Ohio K Pf 62
N Out 1V. 11
N O LAP pf 60
N States V , fi
N 8 Pow pf. H
I'M CAE. JSS
!? OAE pf
line Bl vi.. M
Hep Ry i L II
Ren RAL pf 67
! Cal Edl... 75
H Cal E- pf. 94
Sid OAE.. I
ltd I7AE nf 31
ITenn RIJIP. 3
T RLAP nf. 14
un U II.. 35S
I'n LAR 1 p 96
Weet Power. It
V Pow pL . 69
Yadkin pf... i
Card-Am pf 60
C Arulrre..l69
Faiardo .... 61
Federal .... 93
Fed.ral pf.. 99
Ot Weet
Ot West pf.lM
Ouantanaroo 41
June Cent.. 19)
20
75
161
S3
ri5
61
139
lad.
93
so
Manstt ...
fannt1 pf,
MBt-Am .... s
iMat-Am pf. 70
Mlihij-an ...-73
National .. S7
N Nlqnero.,179
M Cedlla ... 22
S Cecilia pfM
Warner 10V
OUT OF TOWN MARKETS.
nosTox..
MINING.
Sales.
to Am 7.i no
62 Ahmeek
CKAIreka ,
:5 Allouer
4 Anaconda ........
9 Aria Coml
inn Unite A Hal
110 Cal A Aril
14 Cal A Hrcla
IMChlno
19ft Copper Ranre...
til) East Hullo ......
69 Franklin
16 Orrene Can
fols'and Creek
to Isle Hoy. lie
10) Kerr Ijike
100 La Salle
12) May Mower O O.
10 Michigan
69 Mobawk , - ...
119 New Art-anan...
SOMpirs'nr
lit North BUtte ....
in Old Pom
15 Oseola
IM Pond Creek
63 Qulncy
1300 saula Fe
225 Seneca
too Shannon
769 Sun A Boston....
125 Trinity
111 Tuolumne
455 U ft Smelters,,...
70 11 S Smelters pf.
2360 Utah Apex
19 Utah Cons
400 Hinli Metal
110 Winona
10 n oivenno a
HAILS.
M Boston A A 133
SOO Boston Elevated... 71i
49 lloslon E'ev pf... W,
11 Boston A Ix)ell.. 97
1S9 Boston A Maine... S4
249 Host on A Mn pf.. 40
44 Fltchburr pf tH
8 Maine Central 13
169 Mass Elec 3
150 Mass Elec pf 12
10 Northern R R....190S
15 N Y N II A II..., 40
f Old Colony 105
1 Vt A Mas 90
21 West End 14
II) West End pf 67
MISCELLANEOUS,
61 American Arr 10314 10.1
60 mericsn Arr pi. va;
179 Amosseur 69
5 American Surar...lll
93 Am Sugar vt 113
(94 Am T A T-
Am worn vi vo
14
19
::::::::: 4V4
. 71
. 15
. 13
70
.45)
. 41
. 41
. 67
. 61
,. 24
: !'
.: Si
. 67
. 3
::,S
. 41
.. 64
,. 15
. 67
.. Mc
. 15
. 4
. 34
.. 96C
. 47
.. 47
.. !
. '
. 2
. ISi
14 14 14
79 79 79
ch 5 r.
19 4 49
71 71 71
1S 16 15
33 32 8!
70 70 70
460 470 4P0
41 41 41
43 4i 46
11 11 11
4 4 4
67 67 67
61 61 61
K 25 tf
6 6(J H
3 3 1
4 4 4
3 3 3
67 67 S7S
2 1 2
,5 ,5 ,!
41 41 41
67 66 67
16 13 13
G7S 67 (7
60o 61C 60c
IS 14 16
4 4 4
4 4 4
3S ' 8 3
96u 9c He
43 47 41
4K. 46 49
J : 2
9 9 9
2 21-19 2
1 1 1
23 tS 2
13T,
73
IT
37
4:
63
it
3H
13
190
41
105
90
43
87
95
90
111
112
776 Booth Fisheries... 22
:oo uentury 13
79 rnhsn Port Cem.. 11
33 Edison IM
261 Fslrbsnka 67
19 nenersl Electric .163
240 Oorton 80
:fl Islsnd Oil 2
10 Loews , 3
21 Mm fits 14
74 Msss Oas pf 70
29 N B T A T 91
SI'se Mills 153
19 Puma Surar .... 47
fan 11
93'
135
73
96
97
34
44
6!
65
2H
10
100
40
.100
9-1
43
67
101H
93
39
lit
Hl!4
103
w
23 22
13 13
13
166
4U9 Utewan
57
155
39
H
'l
35
70
9
153
47
St'
13
164
M
134
39
3
3
34
69
M
155
47
mi
iw
73
f
97
34
43
61
5
19
ira
40
195
90
43
57
193
96
111
111
193
91
23
13
13
160
67
161
30
3s
sa
f
99
155
47
IM Swift
26 Cn Iirur ....
2 l!n Drur 2d
ft United Fruit
337 united Shoe
131
76
pf.. 79
16
J?
123 lit
ISO United Shoo nf... 29
3175 Ventura t
BONUS.
S5n Msss Gas 4s... 91
1000 Mies Rir Pow ,5s. 73
1000 N E T A T Cs . 90
MOOPunta Hurar 4.. 64
:oo Sal ft Cs 94
loiouniied Fruit 4s. 9
;0O0 Weilern Tel 6s. . W
79
111
41
26
8
91
73
99
6
94
95
ro
79
143
43
:
6
91
73
99
84
94
96
90
BOSTON CUlOl CLOSING.
B.d.
Am Oil . II
Hj Slate O 9
Berole .... to
Holiemis ... .30
Ulark Hk ..
Boston Ely. .69
Bos A Mon. 15
Rutin A L . 11
Boston Ant
Calaveras .. I
Cortra
Champ old. 6
Chief Con.. 3W
IVrblsh ... C9 '
Earl Earle . 2
Forluna ... 3
Houthton.. 30
Full paid.
Ak.
10
60
1
75
1
m
15
IS
!
33
63
4
6
33
ma.
, 81
. 38
, 1
, 37
Itoma Oil.
Iron Bios,
Iron Cap
ta Rose ,
Maiestic .
Mex Metals. t4
ioj ninr . s
New Ualtie. 75
Nst 7. A L.
N Cornelia.. 17
Nlxoil Xel 35
Oneco 9
Onondsra .. 19
S W Mlsml 1
I' Ven1 Kxt 37
Vic Mln
Yukon Gold. .99
133
76
79
115
41
:
s
SI
73
CO
Wl
4
M
90
Ask.
35
45
11
45
33
33
9
91
9
17
SO
so
1
M
1
11ALT1MORE.
Open. Hlrh. Ixiw. Last.
Sslrs.
5 Atlsntl." Pete 3 3
IIS Consolldsttsl Coal.. S3 33
21 Cosden 7 7
99 Cosden pf 83, 8
94 Con Power 103 104
10 Darlson 39 34
41 F.lttiorn 39 29
190 Mt Vernon pf 74 74
7 M A 31 Trsns 7 7
5 M l Cs.lilllr 73 73
19 Northern Central.. 73 72
20 Penn Wster 79 79
475 United Rr 21 2t
25 W B A pf 39 59
BONDS.
taW) All C L T 4s 79 79
5009 Balto Eleo 9s 91 91
1000 City Is 1941 94 94
4000 Con Power 4s 33 (3
7000 Cosden 6s II t 63 34
10004 Cosden ret 6s 1926: 91 91
1000 Klkhom As 96 95
10) Fairmont Trac 6s.. 91 91
3000 Ilsrerstown A F 5a 14 95
6010 United Ry 4s 76 74
(000 United Ry 6s , 94 94
3
13
7
31.
103
8S
29
74
7 ,
73
7111
79
31
3V4
tl
94
63
63
91
93
91
96
79
91
t
83
St
104
34
29
71
7
75
73
79
21
8Vi
79
91
94
S3
81
91
95
91
78-1
94
Sales.
riTTSIIUItG.
Open. Hlrh. Low. Last,
l Am W Ols Mach. 65 66 64 64
19 Am W Ills M pi,. 71 II 74 71
41S Indept Brwtr 2 : 2 t
32 Mfrs U A Heat.. 41 41 48 41
ISO Nat Flrenfr 9 3 t 6
26 Nat Flrenfr pf... 19 19 19 19
595 Ohio Fuel Supply 4J 43 43 i:
190 Okla Oas 29 29 S3 29
45 litis Brwr pf 6 1 t 1
Dsw nua jerome... . itc 15a 35c lac
1000 I'UU Ml Shasta.. 90c 300 Iff
ISO Pitta O A G 0 6 6
no ..esiinrns a vt ai vt
475 Westlnrh Elec. 45 45 43 46
BONDS,
UKv Pitts Brtt'I 31 (1 11 !1
t'HIC.ttiO.
Open. Ifirh. Ijiw.
Sales.
ro Armour nf im ii
too Hooth Fish 23 :3
119 Booth Fish pf.... 77 77
1700 Chi 1- A C Ry.... 1 1
P fill C A C Ry pf 13 15'
li Chi Rr series 2.. 9 10
15 Chi Title A T....1M IW
to Cudahy 1M 127
A', ('wealth Edison. ..110 110
10 Deere pf 97 '97
lOniamnnd Match. 411 .It!'
50 111 llrick M ' str
S349 Ibby 19 '
35 Public Service.... SI ' rt
IS-. Pronlea Gas M -f0'
tOOuakrj- OMs pf. . 99 W .
nv,-Sears-Bc-biick....13 163. '
CM siewarl-Warner... 11 - 72"
Mt4 Swift lnt 3! ' U
Mfi7 Swift 123 114,
1310 Union Carbide. ... 61 69
27t I'n Paperboard... t! t3
Kt Wl'son ! 61
25 Wilson pf 94 94'
BONDS.
131000 Cbl C A C 5s.... 67
1000 Chi C Ry 1st 5s.. 61
2000 Chi Rjrs 1st 5s 31
9000 Cth Ellison 1st 6j, 03
W00 Met EI Ry Ex 4s 16
low
SJ
7SU.
s
13
9
1SU U-6".
110
9714
111 '
m
19
T
6)
, 99
us,.
71
27
Itl
.t
94
91
Ask.
75
10
4!
aw
!u
20
67
16
(5
C2
37
)
22
91
to
w
7H
97
11
33
4
IS.
37
(
15
A.k.
93
M
10
to
TI
91
19)
:i
53
'119
Lit.
1f.'
21
w.
9 ,
lo
127
no
9TV
liz
f'
14
31
60
91
1C-
73
37',
12.1
61
22
64
I Rv Kx 4s H'
I'llIUiDF.I.l'
SUIQ.
Sales.
4 Ruff A
3.h i rajnp
33 Elec Htoraee
TOUtll Aspnaii
25 lien Asptlalt
si ijiae aup
V7 Ihlth J."kv ...
ItJ, Phila Elec . ..
250 Tono Relfnonl
334 Tuno Mln
860 U O 1 ... .
60 Union Trac ...
to United Co N
17
84
94
66
I1IA.
Oin. II rb. Imk. Ix.t
.it
H's
64
P3
(0
6
84
ll
cc
Pf.. :
. 61
'. 65
33
11
70
36
61
77 .
C5
17
70
ft
J
70
40
135
70
49
J
IIONIIS.
I3W Am Oas A r. 3s., (" 64
1S0.10 Dreael Co ctfs. .101 101
Sti4 Uhlrh V sen 4s.. 39 69i
7000 Ivehlrh Is tl'l
12000 ltula Klec 1st 6s.. 93 93
MkO Hpan-Ain Iroo 6. 99 99S
IXHIONTO CI.OSINO.
COBALT.
61
fr.
.33
71
16
70S
26
2A
70
44
165
60
100
89
f2
91
99
Adanac
nancy . ...
Bearer
Buffalo . ..
Chainh Fer.
Conlaraa .. ..
Crown Res. is
Did.
13
3
:s
Fosler
(llffnrd ....
Ol North...
Harrraves .
Hudson B
Ask
15
6
S3
11
40O
23
4
8
4
6
III. 1
I.ako Slmre. 65
Kerr Iike.. 67,
I1 Rom ... J.
McK-Dar . 42
.Min c or c.:o)
N'lplsslrr .. 8
Peterson L.. s
RIahl of w
IT-ck Hushes in
iTenilekoni.. 30
Itetheway,, tl
Apex
Boston Crk. 20
Davidson .. 49
Dome Ext.. 28
Dome Lake. 15
Holllnrrr U 6
Klrkland E.
Ktrkland L. 35
Mclntyra HI
lORCUPINE.
6)
8
6
44
43
1111
MouelM . 1
N'ewrar 11
Pore Crown. 15
Pore Imp... 1
Preston H II 1
Schumacher V
Thomp lirlsl 7
nest Home. II
MONTREAL CLOSING.
Bid. Aslt.l R.,4
BratUlan .. 60 ., Dotp Iron. tt
Can Car ... SJ SS sii,ul ol Can i;
61
77
33
,1
17
t.
70
44
135
- 10
I'll
39
93
frD-
Afk
HO
i'i
4,A
Jin
'!
44
S3
24
17
30
3
5
34
17
Ask.
63
K
NOTICE. x
OFFICE OF
THE UNION TRUST COMPANY Ol
PITTSBURGH. TRUSTEE.
Pittsburgh, Pennsylvania.
Notice to Holder of New York Shipbuild
ing Corporation First Mortgage. Tlilrlv
ear Fire 1'er Cent. Slaking flind Oold
Honda, dated November 1, 1916, due
November I, 1946.
Pursuant to Section 1 of Article Four ot
Ibe Morlrsre of the New York Shipbuild
ing Corporation to The Union Trust Com
pany of l'lttsburrh, Trustee, dnted No
vember 1, 1916, securing Its First Mort
is re Thirty-Tear Five Per Cent. Plnklntr
Fund Gold llonds, the undersigned Trusts
hereby gives notice that the bonds of such
laiue will ba purchased by the Trustee for
the Sinking Fund provided In said mort
sare, to nn amount sufficient to exhaust
One Hundred Elshty-ssven Thousand Five
Hundred (8117,309), being the moneys nov.'
held by It In such Sinking Fund. Tn
Trustee; hereby invites from the bondhold
ers offers for the s.Ue to It on NOVEMBER
26, 1918, of auch bonds. As provided tu
saldMortgare. auch offers shall In each
case be for all or any part ot the bonds a
Offered. The lowest offers to the asrsre-gato-amount
not exceeding an amount auOt
clent aa nearly ns may be to exhaust such
moneys now huld In the Sinking Fund will
be accepted, provided that the price or
prices accepted will In no event exceed. In
addition to accrued Interest, one hundred
two and one-half per 'centum (192).
Aa aoon aa may be, on or after November
It. 1918, the lfnderslcned Trustee will
notify bondholders whosa offers are ao
cepted, so that delivery of the borMs
covered by such acceptance may be made
to the Trustee at Its offlco In Pittsburgh,
Pennsylvania, on November 26, 1918.
All oftera muat be In wrltlnr. be encloasd
In sealed envelopes, state the number or
numbers ot the bonds offered, 'and name
the prlco ur prices at which the same arn
offered.
All orfera must be received at the ornc
of the Trustee, on or before noon of No
vember 18, 1918.
THE UNION TRUST COMPANY
OF PITTSBURGH, TRUSTEE.
Plttsburgh.-Pa., November 1, 1918.
CLEVELAND, CINCINNATI. CHICAGO
A NT. LOUla RAILWAY CO.
St. Louis Division First Collateral
Trust Mortgage llonds.
The Central Union Trust Company ot
New York, Trustee, clvea notlco that In ac
cordance with a certain Indenture made by
tne above company, dared November 1,
1899. It v. Ill receive sealed proposals to
sell the above described bonds at a rats
not to exceed one hundred and five per
centum (195ft and accrued Interest, the
total offer not to consume more than tho
Bum of Sixteen thousand seven hundred
ventr-two and 43-190 dollars (116.773.42).,
Fealed proposals setting forth the serial
numbers of the llonds so offered will ba
opened at Its offlai, 34 Wall Street, Ne-
) ork, nt tweua o c.ock noon on November
19, lulu.
CETTTRAL UNION TRUST COMPANY
Ol NEW YORK, Trustee,
nv r J. rUI.l EH, Vice President.
New York. November 2, 1919.
TO THE HOLDERS OF
Ccmbusti )n hi gineering (!o-poatio:i
TWENTY YEAR DEBENTURE
iion-ds. nvmi .tpntr.-i 1914
Sealed offera for the sale of sufficient of
tne ntoe mentioned bonus to the sinking
Fund to exhaust the sum of 129,000 will be
received at the Trust Department of the
undersigned up to 10 o'clock A M. ob
.Monday, November 11, 1911. nonda ac
cepted will he paid for on Thursday. No
vember II, 1916, and Interest on accepted
bonds will cruse on such date.
The Trustee reserves the rlrht t" rejec
any nnd all otters or to accept any ofterti
in whole or In part
Dated. New York. October 31, 191!
HANKERS Till ST COMPANY, Trustee
Hy H. F. Wl son, .lr . Vice President.
GENTLEMAN with 150,000 to Invest will
ffhe largo Interest In business and his
money back In one year. J., box 127 Sun
omee.
DIVIDEND1 AND INTEREST.
THE A. Mi: 1U CAN TOBACCO CO.
Ill Flflll Avenue
New York, November 0. 1918.
Notlco Is herpt'v given that a dividend of
Ave per cent 5rM on tho common stork
of The American Totncco Company was
today declared payabld on December
1913. tn common etmJhoIilers of record at
the close of business November 15, 1918, tn
the scrip, or oertinLates, of the Ciimpsiv
duo March 1, 1921, and at that tune pay
able In cash or, at the election of tu
holder expressed not earlier than Septem
her 1. 1920. and not later thin Dcembei
1, 1920. n Common Stock 41 of tho Com
pany at par, scrip certificates, for what
ever amount may be considered toether
In making units of 3100 ur multiple thereof
for the leeu.ince of stock, but 110 frac
tional shnrea of stock will issue ami
amounts less than 3100 win be paid In
cash, In case t-he holder of the scrip cer
tttli'ale does not make tho election as afore
said, the scrip certlrk-ale is to l" ptUl and
dls' haree.l In ensh at par. Interna on scrip
to maturity will bo paid aeml-annua'ly in
cash nt tho rate of atx per cent 'STri ps"
annum on Slarch 1st and September 1,1 or
each, year, first Interest payment on srrip
now Issuing paable March 1st. 1919. tha
prlvllesa of converting Into Common stork
II perulu only to principal und 11, in
teresL
-. J M W HICKS. Tr.asurer
GREENE CANANEA t'OPPKIt CO..
12 Bnmrtvay. New York, N Y
The Board- of Directors of the orer.
Cananea Copper Company has declared 1
dividend of 12 00 per share upon Its Capi
tal Slock of tha par value pf tlOoOO pe
share, payable on November 25. 1S18, to
the holders of ouch shsres of record at the
close nf business at 3:00 o'clock 1' If Frl
day. November 8. 1911. The dividend Is
payable only upon tha 1100 99 sharea Into
whlrh the Capital Flock Is divided All
stockholders who have not converted the.r
holdings Inlo shores of 1109.00 pr vaiu'.
should do so without delay In ord.r that
they may receive their dividend prompt y
Tho transfer books will nit be closed.
.1 W ALLEN, Treasurer
New York, October 21. 1913
THL INTl RN TK)N L NICKt LCO.
Common Mock Dividend.
A dividend of 31 00 tic.) on the common
stock has been declared this da, payahl
Darember 2, 19ls, to Common stor.thoi1
ers of record nt tha closa of tusinas No
vember II, l'Jls.
JAMES L. AHII.F.Y.
Sec y A freas
November I, 1913.
ELECTIONS AN 11 MEETINI.n.
NOT1CK OF ANNUAL MEKTINO OF
BROWN hllOE COM FAN V. INC.
The Annual Meeting of the Stockholders
ot BROWN Sill IE COMPANY. INC, will
be held on the 20th day of November, 191!
at 12 o'clock noon at the office of the cor
porallon, Mlllbrook, Dutchess County, Nev
York, for the purpose nf electing a board
of directors, two Inspectors to serve ut ar
elections of stockholders durlnar the en
suing year and receiving and acting upo
the reporta of tha otneera, and for the
transaction of eurh other business as ma)
properly come before lha meeting
WILLI AM Kit A 1 1 Secretary
Dated November I, 1913.
M ETA I,
MARKET.
Nov. .
nid. Atkrd.
919
8 70
.. . 6.5
. . 8.64
.... 3.1.M
.... $155.0)
.... 11 Ol
... 35.54
.... 310a
.. . 3,1.70
... 83 00
. . 34.34
47 69
Coyyvr tiourtjjsr-. jrltc, tt;.
Spelter. N T. spot .
Speller. K H L. spot
Speller. E s L. Nov
Hpalter. E S L. Dec.
Alumlnnm
Quicksilver
Antimony
P! Iron. No I, XF
Pl Iron, No, 2, XI'
fir Iron, plain, No, 3
Plr Iron, basic. .
Pitts. Bess Iron
Pitts, Bess billets
I. IT.
8 'a
8 15
Nov 4.
Bid A-kcL
9-4
8
3.74
ICS
13 04
$125.01
11 "l
33.P1
31 1.
8J70
Sl.Ofl
3!.l
47 M
1UU Wt